Page 464 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

Central Retail Corporation Public Company Limited and its Subsidiaries
Central Retail Corporation Public Company Limited and its Subsidiaries
Notes to the financial statements
Notes to the financial statements
For the year ended 31 December 2021
For the year ended 31 December 2021

All associates were incorporated and mainly operate in Thailand, except for COL Vietnam Joint Stock Company

which was incorporated and mainly operates in Vietnam.
Consolidated financial statements
(Charged) / Credited to:

Effect of

Other
All joint ventures were incorporated and mainly operate in Thailand, except for Morningbliss SDN. BHD and

movements
comprehen- Acquired in
Porto Worldwide Limited which were incorporated and mainly operates in Malaysia and Hong Kong, respectively.
At 1 Profit sive business in exchange At 31
Deferred tax January or loss income combination rates December
(in million Baht)

None of the Group’s and the Company’s associates and joint ventures are publicly listed and consequently they
2021 do not have published price quotations.

Deferred tax assets

Trade and other current Consolidated
Material movements
receivables 123 4 - 2 financi al statements
1
130
for the year ended 31 Decem
2
Inventories 505 ber 57 - 76 2021 640 2020

Loans to other parties 19 2 - - - (in million Baht)
21
Property, plant and
Joint ventures
108
equipment 52 56 - - 4,452 -
-

Acquisition share capital in Porto Worldwide Limited
Right-of-use assets 982 130 - 12 70 37 1,161

20
Increase in share capital in MUJI Retail (Thailand) Co., Ltd.
Derivatives 3 - (2) - - 1

Non-current provisions
Investments in joint ventures
for employee

benefits 424 30 (32) 17 - 439
Acquisition
Loss carry forward 642 487 - 60 15 1,204
Others 1,127 559 - 3 16 1,705

Total In December 2021, the Group acquired 133,545,740 shares, equivalent to 67% of share capital of Porto
5,409
(34)

3,877
1,325
170

71

Worldwide Limited incorporated in Hong Kong for a consideration of Baht 4,452 million from a related

party, which became a joint venture between the Group and Central Pattana Public Company Limited
Deferred tax liabilities
(CPN). The purpose of this joint venture is to invest 40% shareholding in Grabtaxi Holdings (Thailand)
Financial assets
measured at FVOCI ition is in accordance with the obligations stipulated in the SPA which was approved
Co., Ltd. The acquis
3

-
-

(277)
-
(280)
by the Board of Directors’
Property, plant and meeting of the Company on 10 December 2019 and the Shareholders’
equipment (227) (32) - - - (259)
meeting of the Company on 19 December 2019. Additional, in the future, Porto Worldwide Limited has
Fair value from
the right to swap its shares, in part or entirety, in GrabTaxi Holdings (Thailand) Co., Ltd. with the Class

business combination (2,528) 222 - (419) (229) (2,954)
A ordinary shares of Grab Holdings Limited which listed on the NASDAQ with the designated price
Others within the specified period. 9 - (25) (1) (146)
(129)
Total (3, 164) 199 - (444) (227) (3,636)

Net Increase in share capital 713 1,524 (34) (274) (156) 1,773

During 2021, the Group made additional investments in MUJI Retail (Thailand) Co., Ltd. to increase
share capital of 700,000 shares, amounting to Baht 70 million.

During 2020, the Group made additional investments in MUJI Retail (Thailand) Co., Ltd. to increase
share capital of 200,000 shares, amounting to Baht 20 million.

464 Annual Report 2021 (Form 56-1 One-Report)
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