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180 Lenovo Group Limited 2014/15 Annual Report
NOTES TO THE FINANCIAL STATEMENTS
18 INTERESTS IN ASSOCIATES AND JOINT VENTURES
2015 2014
US$’000 US$’000
Share of net assets
– Associates 9,277 5,401
– Joint ventures 36,442 15,352
45,719 20,753
The following is a list of the principal associates and joint ventures as at March 31, 2015:
Place of Interest held indirectly
Company name establishment 2015 2014 Principal activities
Associates
閃聯信息技術工程中心有限公司
(IGRS Engineering Lab Limited) (Note ii)
Chinese Mainland 23.1% 23.1% Distribution and development
of IT technology
北京閃聯雲視信息技術有限公司
(Beijing Shanlian Yunshi Information
Technology Limited) (Note ii)
Chinese Mainland 23.7% 23.7% Distribution and development
of IT technology
Joint ventures
成都聯創融錦投資有限責任公司
(Chengdu Lenovo Rongjin
Investment Limited) (Note ii)
Chinese Mainland 49% 49% Property development
上海視雲網絡科技有限公司
(Shanghai Shiyun Network
Technology Limited) (Note ii)
Chinese Mainland 48.1% 49% Distribution and development
of IT technology and software
Lenovo NNL HK Limited Hong Kong 51% –Provision of IT services and
distribution of IT products
As at March 31, 2014, the Group had a capital commitment of US$4,021,000 to Shanghai Shiyun Network Technology
Limited.
Notes:
(i) The associates and joint ventures operate principally in their respective places of establishment.
(ii) The English name of the company is a direct translation or transliteration of its Chinese registered name.
The following sets out the aggregate amount of the Group’s share of associates and joint ventures:
2015 2014
US$’000 US$’000
Share of losses of associates (2,148) (679)
Share of profits of joint ventures 19,203 9,900
17,055 9,221