50 13. Investments in associated companies and joint venture 13.1 Detail of investments in associated companies and joint venture As at 31 December 2021 and 2020, investment in associated companies and joint venture consists of investments in ordinary shares of the following companies which operate in Thailand as follow: (Unit: Million Baht) Consolidated financial statements Percentage Value of investments of holding (%) Cost method Equity method Company’s name Nature of business 2021 2020 2021 2020 2021 2020 Associated companies TMBThanachart Bank Plc. (1) banking 23.32 20.11 45,643 42,076 48,902 44,061 MBK Plc. property rental, hotel and services 23.32 22.42 2,085 1,704 4,049 3,943 Joint Venture TM Communications and Brand Management Co., Ltd. publish relations and advertising 50.00 50.00 3 3 4 3 Total investments in associated companies and joint venture 47,731 43,783 52,955 48,007 (1) TMBThanachart Bank Plc. changed its name from TMB Bank Plc. since 12 May 2021. (Unit: Million Baht) Separate financial statements Percentage Value of investments of holding (%) Cost method Equity method Company’s name Nature of business 2021 2020 2021 2020 2021 2020 Associated companies TMBThanachart Bank Plc. banking 22.76 20.11 45,106 42,076 47,954 44,061 MBK Plc. property rental, hotel and services 21.56 22.42 4,900 4,900 3,680 3,943 Joint Venture TM Communications and Brand Management Co., Ltd. publish relations and advertising 50.00 50.00 3 3 4 3 Total investments in associated companies and joint venture 50,009 46,979 51,638 48,007 266
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