Page 71

7. INVESTMENTS IN SUBSIDIARIES ACCOUNTED FOR UNDER EQUITY METHOD (Unit : Baht) Type of Company’s name

Paid-up

business

Investment

share capital 2004

Oil palm plantation, crude palm oil and kernel palm oil processing 324,050,000 Universal Food Public Manufacture and Company Limited distribution of canned fruits and vegetables, juice and drinks 350,000,000 Total investments in subsidiaries accounted for under equity method

Equity interest 2003

2004 Percent

Cost method

2003 Percent

2004

Equity method

Dividend received

2003

2004

2003

698,505,933

614,920,010

620,634,249

2004

2003

United Palm Oil Industry Public Company Limited

324,050,000

66.29

66.29

-

96.79

-

698,505,933

406,497,756

-

396,883,075

-

1,105,003,689

698,505,933

1,011,803,085

620,634,249

96,671,300

96,671,300

As discussed in Note 2, the Company had during 2004 acquired investment in 33,874,813 ordinary shares of Universal Food Public Company Limited at Baht 12 each, representing 96.79 percent shareholding in that company, and that company becomes a subsidiary of the Company. During 2003, the Company acquired additional investment in United Palm Oil Industry Public Company Limited, which led to an increase in the shareholding percentage from 24.40% to 66.29% and the change in the status of that company from associate to subsidiary. During 2004, the Company recognised share of profit from investments accounted for under equity method of approximately Baht 81.8 million (2003 : Baht 64.5 million).

-9-

57,249,894

57,249,894

Lst 04  

LST_2004 LAM SOON (THAILAND) PCL Annual Report 2004

Lst 04  

LST_2004 LAM SOON (THAILAND) PCL Annual Report 2004

Advertisement