Page 266 - BTSGroup ONE REPORT 2021/22_EN

264 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l

(Unit: Thousand Baht)
Cash and cash equivalents 380,580
Trade and other receivables 96,319
Inventories 206,997
Other current assets 48,460
Buildings improvement and equipment 5,398
Right-of-use assets 4,389
Intangible assets 4,142
Short-term loans from financial institutions (9,925)
Trade and other payables (150,296)
Accrued expenses (6,969)
Short-term loans from related parties (5,956)
Income tax payable (3,504)
Other current liabilities (12,520)
Provision for long-term employee benefits (1,556)
Lease liabilities (3,465)
Net assets of the subsidiary 552,094
Less: Non-controlling interests’ proportionate share of identifiable net assets of the acquiree (270,526)
BSSH’s proportionate share of identifiable net assets of the acquiree 281,568
Cash paid for purchase of investment in subsidiary 306,000
Less: BSSH’s proportionate share of identifiable net assets of the acquiree (281,568)
Estimated amount by which costs of the acquisition of investment in subsidiary exceed identifiable net assets of the acquiree 24,432

Revenues and loss of Fanslink since the acquisition date amounting to Baht 1,526 million and Baht 14 million, respectively were included in the consolidated
statements of comprehensive income for the year ended 31 March 2022.

14.6 Asia Direct Insurance Broker Company Limited (“ADB”) (held by RCare)
On 10 February 2021, VGI’s Board of Directors passed a resolution approving RCare’s acquisition of 12,000 ordinary shares of ADB from its existing
shareholders (“the Sellers”), representing 100% of all issued shares of ADB, at a purchase price of Baht 36,888,112. ADB is principally provision of online
car insurance broker and direct sales services for all types of products via telesales.

The group completed the measurement of the fair values of the identifiable assets acquired and liabilities assumed.