| Transactions with non-controlling interest |
| 31. |
Transactions with non-controlling interest |
Share data have been revised to give effect to
the share split as explained in Note 4 b) (d).
Acquisition of additional equity interest in
a subsidiary:
| a) | On March 1, 2023, the Group acquired the remaining 49.44%
of shares of its subsidiary—POLYDICE for a total cash and equity consideration of $218,617 and $1,503,978 (12 thousand of shares),
respectively. The carrying amount of non-controlling interest in POLYDICE was $627,330 at the acquisition date. This transaction resulted
in a decrease in the non-controlling interest by $627,330 and an increase in the equity attributable to owners of the parent by $408,713.
The effect of changes in interests in POLYDICE on the equity attributable to owners of the parent for the year ended December 31, 2023
is shown below: |
| | |
Year ended December 31, 2023 | |
| | |
| |
| Carrying amount of non-controlling interest acquired | |
$ | 598,647 | |
| Consideration paid to non-controlling interest | |
| 1,722,595 | |
| Other equity (such as translation differences) | |
| 28,683 | |
| Capital surplus | |
| | |
| - From difference between
consideration paid and the carrying amount of subsidiaries’ net assets. | |
$ | 1,095,265 | |
| b) | On June 1, 2023, the Group acquired the remaining 49% of shares
of its subsidiary—AD2 for a total cash and equity consideration of $79,701 and $4,125,206 (30 thousand of shares), respectively.
The carrying amount of non-controlling interest in AD2 was $380,459 at the acquisition date. This transaction resulted in a decrease
in the non-controlling interest by $380,459 and an increase in the equity attributable to owners of the parent by $300,758. The effect
of changes in interests in AD2 on the equity attributable to owners of the parent for the year ended December 31, 2023 is shown below: |
| | |
Year ended December 31,
2023 | |
| | |
| |
| Carrying amount of non-controlling interest acquired | |
$ | 400,717 | |
| Consideration paid to non-controlling interest | |
| 4,204,907 | |
| Other equity (such as translation differences) | |
| (20,258 | ) |
| Capital surplus | |
| | |
| - From difference between consideration paid and the carrying amount of subsidiaries’ net assets. | |
$ | 3,824,448 | |
|