- 29 - 10. INVESTMENTS IN JOINT VENTURES Movements of investments in joint ventures for the years ended December 31, were as follows: Unit : Million Baht Consolidated financial statements Separate financial statements 2021 2020 2021 2020 Joint ventures As at January 1, 32,537 32,444 15,373 15,373 Acquisitions 2,404 522 - - Business acquisition (see Note 4) 722 - - - Disposals (4,760) - - - Share of profit of investments in joint ventures 4,155 863 - - Share of other comprehensive income of joint ventures 390 279 - - Dividend income (919) (1,600) - - Effect from translation differences on foreign investment (200) 33 - - Effect from first-time adoption of new accounting policy - (4) - - As at December 31, 34,329 32,537 15,373 15,373 261 BUSINESS OPERATION AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL REPORTS AND FINANCIAL STATEMENTS APPENDIX
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