PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED AND SUBSIDIARIES FOR THE YEAR ENDED DECEMBER 31, 2021 NOTES TO THE FINANCIAL STATEMENTS - 32 - Joint ventures The following table summarises the financial information of the joint ventures as included in their own financial statements, adjusted for fair value adjustments at acquisition and differences in accounting policies. The table also reconciles the summarised financial information to the carrying amount of the Group’s interest in these companies. Unit : Million Baht PTT Asahi Chemical Co., Ltd. HMC Polymers Co., Ltd. 2021 2020 2021 2020 For the years ended December 31, Statement of profit or loss Revenues 15,928 8,293 31,241 25,128 Depreciation and amortisation 1,228 1,361 1,495 1,709 Profit (loss) for the year 2,705 (843) 2,971 703 Other comprehensive income (loss) - (14) (66) 688 Total comprehensive income (loss) for the year 2,705 (857) 2,905 1,391 As at December 31, Statement of financial position Current assets 7,419 3,407 9,491 7,615 Non-current assets 23,942 24,904 31,192 29,089 Current liabilities (2,730) (1,793) (5,912) (2,462) Non-current liabilities (5,028) (5,619) (10,730) (11,109) Net assets 23,603 20,899 24,041 23,133 Proportion of the Group’s ownership interest in joint ventures (%) 50.00 50.00 41.44 41.44 11,802 10,449 9,963 9,586 Investment amount over net assets at acquisition date - - 3,038 3,038 Carrying amount of interest in investee 11,802 10,449 13,001 12,624 Remark: Cash and cash equivalents 2,807 1,097 1,280 1,835 The reconciliation of the summarised financial information to the carrying amount of the Group’s interest in these companies. Unit : Million Baht PTT Asahi Chemical Co., Ltd. HMC Polymers Co., Ltd. 2021 2020 2021 2020 Group’s interest in net assets of investee as at January 1, 10,449 10,878 12,624 12,337 Total comprehensive income (loss) attributable to the Group 1,353 (429) 1,205 576 Dividends received during the year - - (828) (289) Carrying amount of interest in investee as at December 31, 11,802 10,449 13,001 12,624 Immaterial joint ventures The summarised financial information for the Group’s interest in immaterial joint ventures based on the amounts reported in the Group’s consolidated financial statements: Unit : Million Baht Immaterial joint ventures 2021 2020 For the years ended December 31, Carrying amount of interests in immaterial joint ventures 9,526 9,464 Group’s share of: - Profit for the year 1,370 1,026 - Other comprehensive income (loss) 417 (2) - Total comprehensive income for the year 1,787 1,024 264 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2021
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