Page 473 - CRC_One Report 2021_EN
P. 473
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
Separate financial statements
which was incorporated and mainly operates in Vietnam. Contractual cash flows
More than
All joint ventures were incorporated and mainly operate in Thailand, except for Morningbliss SDN. BHD and
1 year but
Porto Worldwide Limited which were incorporated and mainly operates in Malaysia and Hong Kong, respectively.
Carrying 1 year less than 5 More than
At 31 December amount or less years 5 years Total
None of the Group’s and the Company’s associates and joint ventures are publicly listed and consequently they
do not have published price quotations. (in million Baht)
2021
Non-derivative financial Consolidated
liabilities financial statements
Material movements
-
Short-term loans 29,731 29,731 - 2021 29,731
for the year ended 31 December
2020
Other current payables 263 263 - (in million Baht)
-
263
Long-term borrowings 28,884 7,400 21,484 - 28,884
Joint ventures
Lease liabilities 50 23 27 4,452 - 50
-
Acquisition share capital in Porto Worldwide Limited
17
58,928
58,9
37,4
Increase in share capital in MUJI Retail (Thailand) Co., Ltd. 21,511 70 - 20 28
2020
Non-derivative financial
Investments in joint ventures
liabilities
Acquisition
Short-term loans 29,162 29,162 - - 29,162
Other current payables 219 219 - - 219
ares, equivalent to 67% of share capital of Porto
In December 2021, the Group acquired 133,545,740 sh
Long-term borrowings 18,876 1,500 17,376 - 18,876
45
Lease liabilities 45 ong for a consideration of Baht 4,452 million from a related
22
23
-
Worldwide Limited incorporated in Hong K
party, which became a joint venture between the Group and Central Pattana Public Company Limited
-
48,302
48,302
17,399
30,903
(CPN). The purpose of this joint venture is to invest 40% shareholding in Grabtaxi Holdings (Thailand)
Co., Ltd. The acquisition is in accordance with the obligations stipulated in the SPA which was approved
The cash outflows disclosed in the above table represent the contractual undiscounted cash flows
by the Board of Directors’ meeting of the Company on 10 December 2019 and the Shareholders’
relating to derivative financial liabilities held for risk management purposes and which are not
meeting of the Company on 19 December 2019. Additional, in the future, Porto Worldwide Limited has
usually closed out before contractual maturity. The disclosure shows net cash flow amounts for
the right to swap its shares, in part or entirety, in GrabTaxi Holdings (Thailand) Co., Ltd. with the Class
derivatives that are net cash-settled and gross cash inflow and outflow amounts for derivatives that
A ordinary shares of Grab Holdings Limited which listed on the NASDAQ with the designated price
have simultaneous gross cash settlement.
within the specified period.
(b.3) Market risk
Increase in share capital
The Group is exposed to the risk that the fair value or future cash flows of a financial instrument
will fluctuate because of changes in market prices. Market risk is as follows.
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.
(b.3.1) Foreign currency risk
The Group is exposed to foreign currency risk relating to purchases and sales which are
During 2020, the Group made additional investments in MUJI Retail (Thailand) Co., Ltd. to increase
denominated in foreign currencies.
share capital of 200,000 shares, amounting to Baht 20 million.
Consolidated financial statements
2021 2020
Exposure to foreign
currency at 31 December USD Others Total USD Others Total
(in million Baht)
Financial assets 63 15 78 64 33 97
Financial liabilities (3,433) (224) (3,657) (606) (289) (895)
Net statement of
financial position
exposure (3,370) (209) (3,579) (542) (256) (798)
Forward exchange
purchase contracts 478 - 478 - - -
Net exposure (2,892) (209) (3,101) (542) (256) (798)
Annual Report 2021 (Form 56-1 One-Report) 473
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