Year 2007
Year 2007
Year 2007
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7.2 Summarised financial information of associates<br />
(Million Baht)<br />
Company’s Name Total Assets as at Total Liabilities as at Total Revenues Net Income<br />
December 31 December 31 for the <strong>Year</strong> Ended for the <strong>Year</strong> Ended<br />
December 31 December 31<br />
<strong>2007</strong> 2006 <strong>2007</strong> 2006 <strong>2007</strong> 2006 <strong>2007</strong> 2006<br />
Investments in Associated Companies<br />
Asia Insurance (Cambodia) Plc. 317.37 222.22 149.35 66.18 21.53 19.09 21.04 19.22<br />
Asian Insurance International (Holding) Limited 227.97 225.94 - - 17.04 12.27 16.62 11.82<br />
Asia Insurance (Investments) Limited - 269.63 - - - 12.26 - 12.25<br />
Total 545.34 717.79 149.35 66.18 38.57 43.62 37.66 43.29<br />
During the third quarter of <strong>2007</strong>, the Company sold an investment in Asia Insurance (Investments) Limited, and as a result such company is<br />
no longer an associated company. The Company has reclassified the investment in that company as investment in other security.<br />
As at December 31, <strong>2007</strong>, the values of the Company’s investments in associated companies were determined under the equity method<br />
(in the financial statements in which the equity method is applied), based on the financial information provided by the associated companies’ management.<br />
The information had not been audited by external auditors.<br />
8. Related Party Transactions<br />
Related parties means parties that directly or indirectly control, are controlled by, or are under common control with the Company. This<br />
includes associated companies and enterprises which have individuals who hold, directly or indirectly, an interest in the voting rights which gives<br />
them significant influence over the Company, as well as key management personnel, directors and members of the immediate family of any such<br />
individual.<br />
In considering each possible related party relationship, attention is directed to the substance of the relationship, and not merely the legal form.<br />
The relationship between the Company and its related parties are summarized below:<br />
Name of Related Parties Type of Business Relationship with the Company<br />
Bangkok Bank Pcl. Banking Related by way of common directors and shareholding<br />
Charoong Thai Wire and Cable Pcl. Electrical Products Related by way of common directors and shareholding<br />
Furukawa Metal (Thailand) Pcl. Electrical Products Related by way of common directors and shareholding<br />
Thai Reinsurance Pcl. Insurance Related by way of common directors and shareholding<br />
Bumrungrad Hospital Pcl. Health Care Services Related by way of common directors and shareholding<br />
Bangkok Life Assurance Co., Ltd. Life Insurance Related by way of common directors and shareholding<br />
Bangkok Glass Co., Ltd. Packaging Related by way of common directors and shareholding<br />
Sorachai Vivatn Co., Ltd. Property Development Related by way of common directors and shareholding<br />
EMCS Thai Co., Ltd. Professional Services Related by way of common directors and shareholding<br />
Bang Pa-In Golf Co., Ltd. Entertainment & Recreation Related by way of common directors and shareholding<br />
AIOI Bangkok Insurance Co., Ltd. Non-life Insurance Related by way of common directors and shareholding<br />
Asia Insurance (Investments) Limited Holding Company Related by way of shareholding<br />
Asia Insurance (Cambodia) Plc. Non-life Insurance Associated company<br />
Asian Insurance International (Holding) Limited Holding Company Associated company<br />
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