Lenovo 2013 Annual Report Download - page 159

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2012/13 Annual Report Lenovo Group Limited 157
19 Interests in associates and jointly controlled entities
Group
2013 2012
US$’000 US$’000
Share of net assets
– Associates 1,149 677
– Jointly controlled entities 1,614 2,733
2,763 3,410
The following is a list of the principal associate and jointly controlled entities as at March 31, 2013:
Company name
Place of
establishment
Interest held indirectly
Principal activities2013 2012
Associate
閃聯信息技術工程中心有限公司
(IGRS Engineering Lab Limited)
Chinese Mainland 23% 23% Distribution and development
of IT technology
Jointly controlled entities
成都聯創融錦投資有限責任公司
(Chengdu Lenovo Rongjin
Investment Limited)
Chinese Mainland 49% 49% Property development
上海視雲網絡科技有限公司
(Shanghai Shiyun Network
Technology Limited)
Chinese Mainland 49% 49% Distribution and development
of IT technology and
software
As at March 31, 2013, pursuant to the joint venture agreement, the Group had a capital commitment of US$3,787,000 (2012:
US$3,736,000) to Chengdu Lenovo Rongjin Investment Limited.
Notes:
(i) The associates and jointly controlled entities operate principally in their respective places of establishment.
(ii) The English name of each company is a direct translation or transliteration of its Chinese registered name.