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210 Lenovo Group Limited 2015/16 Annual Report
NOTES TO THE FINANCIAL STATEMENTS
18 INTERESTS IN ASSOCIATES AND JOINT VENTURES
2016
US$’000
2015
US$’000
Share of net assets
– Associates 9,924 9,277
– Joint ventures 30,515 36,442
40,439 45,719
The following is a list of the principal associates and joint ventures as at March 31, 2016:
Interest held indirectly
Company name
Place of
incorporation/
establishment 2016 2015 Principal activities
Associates
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
成都諦聽科技有限公司
(Chengdu Diting Technology Limited) (Note ii)
Chinese
Mainland
17.3%16.7%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
Lenovo NNL HK Limited Hong Kong 51%51%Provision of IT services and
distribution of IT products
Notes:
(i) All the above associates and joint ventures operate principally in their respective places of incorporation or 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:
2016
US$’000
2015
US$’000
Share of losses of associates (5,168)(2,148)
Share of (losses)/profits of joint ventures (5,927)19,203
(11,095)17,055