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169
2013/14 Annual Report Lenovo Group Limited
19 Interests in associates and joint ventures
(continued)
The following is a list of the principal associates and joint ventures as at March 31, 2014:
Place of Interest held indirectly
Company name establishment 2014 2013 Principal activities
Associates
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
北京閃聯雲視信息技術有限公司
(Beijing Shanlian Yunshi Information
Technology Limited)
Chinese Mainland 23.69% – 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)
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, 2014, the Group had a capital commitment of US$4,021,000 to Shanghai Shiyun Network Technology Limited.
As at March 31 2013, pursuant to the joint venture agreement, the Group had a capital commitment of US$3,787,000 to
Chengdu Lenovo Rongjin Investment Limited.
Notes:
(i) The associates and joint ventures operate principally in their respective places of establishment.
(ii) The English name of each company is a direct translation or transliteration of its Chinese registered name.
The following sets out the aggregate amount of the Group’s share of associates and joint ventures:
Group
2014 2013
US$’000 US$’000
Share of (losses)/profits of associates (679) 446
Share of profits/(losses) of joint ventures 9,900 (1,164)
9,221 (718)