Page 223 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 6.4 Notes to Consolidated Financial Statements 221
Annual Report 2021/22

2.2. Basis of consolidation

a) The consolidated financial statements include the financial statements of the Company and the following subsidiary companies

(Unit: Baht)
Company’s name Nature of business Country of Percentage of
incorporation shareholding
2022 2021
Subsidiaries directly owned by the Company
Bangkok Mass Transit System Plc. Mass transit business Thailand 97.50 97.50
Northern Bangkok Monorail Co., Ltd. Mass transit business Thailand 75.00 75.00
Eastern Bangkok Monorail Co., Ltd. Mass transit business Thailand 75.00 75.00
RB Services Co., Ltd. Investment in the securities of other companies Thailand 100.00 100.00
Dnal Co., Ltd. Dormancy Thailand 100.00 100.00
Yongsu Co., Ltd. Management and consultancy service Thailand 100.00 100.00
Kingkaew Assets Co., Ltd. Property development Thailand 100.00 100.00
The Community One Co., Ltd. Property development Thailand 100.00 100.00
The Community Two Co., Ltd. Property development Thailand 100.00 100.00
HHT Construction Co., Ltd. Construction services Thailand 51.00 51.00
BTS Infrastructure Development Co., Ltd. Consultancy service for architecture and engineering works Thailand 100.00 100.00
Turtle 23 Co., Ltd. Investment in securities of other companies and/or invest Thailand 100.00 100.00
in food and beverage businesses
Mo Chit Land Co., Ltd. Office space rental business Thailand 100.00 100.00
Capricorn Hill Co., Ltd. Property development Thailand 100.00 100.00
Rocket Holdings HK Limited Investment in the securities of other companies Hongkong 100.00 -
Subsidiaries indirectly owned by the Company
Held by Bangkok Mass Transit System Plc. (“BTSC”)
VGI Plc. (21.95% held by the Company) Managing and provision of advertising services and the rental of space Thailand 29.66 29.66
BTS Infrastructure Services Co., Ltd. Providing operating and maintenance services for Mass transit system Thailand 100.00 100.00
Held by VGI Plc. (“VGI”)
VGI Advertising Media Co., Ltd. Managing and provision of advertising services Thailand 100.00 100.00
888 Media Co., Ltd. Managing and provision of advertising services Thailand 100.00 100.00
Point of View (POV) Media Group Co., Ltd. Managing and provision of advertising services Thailand 100.00 100.00
BSS Holdings Co., Ltd. Investment in the securities of other companies Thailand 90.00 90.00
Bangkok Smartcard System Co., Ltd. Provision of electronic payment services for Mass transit system and retail stores Thailand 90.00 90.00