Page 284

10. Investments in subsidiaries Separate financial statements 2010



Note

(in thousand Baht)

At 1 January Additional investment in share capital

2009

1

Reversal of impairment loss At 31 December

298,896

134,896

1,000

164,000

1,104

-

301,000

298,896

Chill Space Co., Ltd , a subsidiary , registered share capital of Baht 1 million divided into 100,000 shares at par value of Baht 10 each with the Ministry of Commerce on 19 March 2010. The Extraordinary Shareholders’ Meeting of One Up Company Limited held on 7 October 2009 resolved to increase the registered share capital from Baht 60 million to Baht 100 million by fully paid capital at par value of Baht 10. The subsidiary registered the increased share capital with the Ministry of Commerce on 7 October 2009. An Extraordinary Shareholders’ Meeting of Cool Space Co., Ltd., a subsidiary, held on 2 July 2009 resolved to increase the registered share capital from Baht 1 million to Baht 60 million by fully paid capital at par value of Baht 10. The subsidiary registered the increased share capital with the Ministry of Commerce on 3 July 2009. A Meeting of White Living Co., Ltd. held on 27 December 2008 resolved to establish the Company. The subsidiary registered share capital of Baht 1 million divided into 100,000 shares at par value of Baht 10 each with the Ministry of Commerce on 26 January 2009. The Extraordinary Shareholders’ Meeting of White Living Co., Ltd., a subsidiary, held on 9 October 2009 resolved to increase the registered share capital from Baht 1 million to Baht 65 million by fully paid capital at par value of Baht 10. The subsidiary registered the increased share capital with the Ministry of Commerce on 12 October 2009. Investments in subsidiaries as at 31 December 2010 and 2009 and dividend income for the years then ended were as follows: Separate financial statements Ownership interest 2010

Paid-up capital

2009

2010

2009

Cost method 2010

(%)

2009

Impairment 2010

2009

At cost-net 2010

Dividend

2009 2010 2009

(in thousand Baht)

Subsidiaries Areeya Service Co., Ltd

99.99

99.99

One Up Company Limited

99.99

99.99 100,000 100,000 100,000 100,000

-

Areeya Management Co., Ltd.

99.99

99.99

-

65,000

10,000

65,000

10,000

65,000

10,000

65,000

- (1,104)

10,000

-

-

- 100,000 100,000

-

-

-

-

-

65,000

8,896

65,000

Cool Space Co., Ltd.

99.99

99.99

60,000

60,000

60,000

60,000

-

-

60,000

60,000

-

-

White Living Co., Ltd.

99.99

99.99

65,000

65,000

65,000

65,000

-

-

65,000

65,000

-

-

Chill Space Co., Ltd.

99.99

-

1,000

-

1,000

-

-

-

-

-

-

-

- (1,104) 301,000 298,896

-

-

Total

284

10,000

301,000 300,000 301,000 300,000

AREEYA AWARD WINNING ANNUAL CHIC REPORT 2010

A 10  

A_2010 AREEYA PROPERTY PCL Annual Report 2010

A 10  

A_2010 AREEYA PROPERTY PCL Annual Report 2010

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