Page 465 - CRC_One Report 2021_EN
P. 465
Business Overview and Performance Corporate Governance Financial Statements Enclosure
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Central Retail Corporation Public Company Limited and its Subsidiaries ries
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Notes to the financial statements
Notes to the financial statements
For the year ended 31 December 2021
For the year ended 31 December 2021
Consolidated financial statements
All associates were incorporated and mainly operate in Thailand, except for COL Vietnam Joint Stock Company
which was incorporated and m ainly operates in Vietnam.
(Charged) / Credited to:
Other Effect of
movements
comprehen- Acquired in
All joint ventures were incorporated and mainly operate in Thailand, except for Morningbliss SDN. BHD and
Profit
At 1
sive
At 31
business
in exchange
Porto Worldwide Limited which were incorporated and mainly operates in Malaysia and Hong Kong, respectively.
Deferred tax January or loss income combination rates December
None of the Group’s and the Company’s associates and joint ventures are publicly listed and consequently they
(in million Baht)
2020 do not have published price quotations.
Deferred tax assets
Trade and other current
Consolidated
receivables 81 40 - - 2 123
Material movements
4
Inventories 467 34 - - financial statements
505
for the year ended 31 December
-
Loans to other parties - 19 - - 2021 19 2020
Property, plant and (in million Baht)
Joint ventures
equipment 37 15 - - - 52
Right-of-use assets 475 490 - - 4,452 -
17
982
Acquisition share capital in Porto Worldwide Limited
Derivatives - - 3 - 70 - 20
3
Increase in share capital in MUJI Retail (Thailand) Co., Ltd.
Non-current provisions for
employee benefits 469 (54) 4 - 5 424
Investments in joint ventures
Loss carry forward 17 621 - - 4 642
Others Acquisition 829 283 - - 15 1,127
Total 2,375 1,448 7 - 47 3,877
In December 2021, the Group acquired 133,545,740 shares, equivalent to 67% of share capital of Porto
Deferred tax liabilities
Worldwide Limited incorporated in Hong Kong for a consideration of Baht 4,452 million from a related
Financial assets measured
party, which became a joint venture between the Group and Central Pattana Public Company Limited
at FVOCI (297) - 17 - - (280)
(CPN). The purpose of this joint venture is to invest 40% shareholding in Grabtaxi Holdings (Thailand)
Property, plant and
Co., Ltd. The acquisition is in accordance with the obligations stipulated in the SPA which was approved
equipment (219) (7) - - (1) (227)
by the Board of Directors’
Fair value from business meeting of the Company on 10 December 2019 and the Shareholders’
combination of the Company on 19 December 2019. Additional, in the future, Porto Worldwide Limited has
meeting
671
-
-
-
(2,528)
(3,199)
-
(129)
392
-
(521)
-
Others the right to swap its shares, in part or entirety, in GrabTaxi Holdings (Thailand) Co., Ltd. with the Class
(3,164)
Total A ordinary shares of Grab Holdings Limited which listed on the NASDAQ with the designated price
(3,323)
-
17
(1)
143
Net within the specified period. 1,591 24 - 46 713
(948)
Increase in share capital
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.
Annual Report 2021 (Form 56-1 One-Report) 465
75 48
