The Board of Directors - Saha-Union Co., Ltd
The Board of Directors - Saha-Union Co., Ltd
The Board of Directors - Saha-Union Co., Ltd
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Investments in Uni - Fibre <strong>Co</strong>., <strong>Ltd</strong>., <strong>Union</strong> Business Management <strong>Co</strong>., <strong>Ltd</strong>. and <strong>Union</strong> Spinning Mills <strong>Co</strong>., <strong>Ltd</strong>. areclassified as investments in associated companies since the <strong>Co</strong>mpany does not have any control over the businessoperations <strong>of</strong> investee companies.In 2006, the <strong>Co</strong>mpany and its subsidiary invested Baht 311 million in ordinary shares <strong>of</strong> Shanghai <strong>Saha</strong> - <strong>Union</strong>Spinning Mill No.7 <strong>Co</strong>., <strong>Ltd</strong>., which is a spinning factory in China (the <strong>Co</strong>mpany only : Baht 248 million). A result <strong>of</strong> suchinvestment the <strong>Co</strong>mpany directly holds 40 percent <strong>of</strong> the equity <strong>of</strong> this company and the combined equity interest <strong>of</strong> the<strong>Co</strong>mpany and its subsidiary is 50 percent.<strong>The</strong> share <strong>of</strong> income from investments in 11 associated companies accounted for under the equity methodamounting to approximately Baht 680 million, as included in the income statements for the year ended 31 December2006 (2005 : 15 companies <strong>of</strong> Baht 361 million), were determined based on the financial statements which were auditedby their auditors.<strong>The</strong> shares <strong>of</strong> income from investments in 25 associated companies accounted for under the equity methodamounting to approximately Baht 165 million, as included in the income statements for the years ended 31 December2006 (2005 : 22 companies <strong>of</strong> Baht 166 million) have generally been calculated from financial statements prepared by themanagement <strong>of</strong> those companies, and not audited by their auditors. However, the management believes that therewould be no material discrepancies if those financial statements had been audited by the associated companiesû auditors.11. INVESTMENTS IN OTHER COMPANIESInvestments in other companies consist <strong>of</strong> investments in ordinary shares and available - for - sale securities asfollows :-<strong>Co</strong>nsolidatedInvestments in ordinary sharesShareholding<strong>Co</strong>mpanyûs name percentage <strong>Co</strong>st2006 2005 2006 2005Percent Percent Thousand ThousandBaht Baht<strong>Union</strong> Button <strong>Co</strong>rporation <strong>Co</strong>., <strong>Ltd</strong>. 10.71 10.71 11,500 11,500Imperial Technology Management Service Plc. 0.67 0.67 10,000 10,000Ratchaburi Power <strong>Co</strong>., <strong>Ltd</strong>. 10.00 10.00 225,000 166,500Zhuo Zhou Resources Link <strong>Co</strong>., <strong>Ltd</strong>. 36.86 36.86 32,687 32,687Less : Provision for devalue <strong>of</strong> investments (32,687) (32,687)- -Others 7,447 7,744253,947 195,744116116 SAHA - UNION Public <strong>Co</strong>mpany Limited
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