SCI Annual Report 2015

SCI Electric Public Company Limited
SCI ELECTRIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES
(FORMERLY KNOW AS “SCI ELECTRIC MANUFACTURER COMPANY LIMITED”)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE TEAR ENDED 31 DECEMBER 2015
15. Long-Term Investment As Collateral
In Baht
Consolidated financial
statements
For the year ended 31 December 2015
Opening net book amount -
Acquisition 6,549,524
Interest received (45,620)
Changes in fair value of trade securities (84,645)
Ending net book amount 6,419,259
As at 31 December 2015, the Group and the Company have the government bond amounting to Baht 6.42 million were
pledged as collateral for short-term loans from financial institutions (Note 23).
16. Investment In Subsidiaries
The movements in investment in subsidiaries are as follows
In Baht
Separate financial statements
2015 2014
Opening net book amount 255,546,580 249,196,880
Disposal (105,868,834) -
Acquired 95,800,000 6,349,700
Reversal impairment 51,285,354 -
Ending net book amount 296,763,100 255,546,580
Transactions incurred during 2015
At the General Shareholders’ Meeting for year 2015 on 16 March 2015, the shareholders approved for shareholding restructure
of Tad Slen Power Company Limited (“TSL”) by approval to the Company to dispose 33,000 shares of TSL to SCI Holding
Company Limited at net book value as at 31 December 2014 at the consideration of Baht 92,947,247, resulting to loss from
disposal of investment amounting to Baht 12,921,587, which included in “Administrative expenses” in the separate statement
of comprehensive income for the year ended 31 December 2015.
In addition, the Company additional invested in SCI Holding Company Limited as following;
• The additional common shares of 9.30 million shares at Baht 10 per share totaling of Baht 93.0 million. All shares
were fully paid, and;
• The paid-up of common shares at Baht 2 per share for the 1.4 million share, amounting to Baht 2.8 million.
Totally the investment in subsidiaries is increased by Baht 95.80 million.
As at 31 December 2015, the Company owned SCI Holding Company Limited at 99.99% and SCI Holding Company
Limited owned Tad Slen Power Company Limited at 100%.
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