Page 90 - Demo
P. 90


                                    aCommerce represents an omnichannel e-commerce enabler and provides B2C solutions for e-commerce in Southeast Asia. Services include online store and brand management, digital marketing, customer service management, supply chain management & fulfillment. aCommerce helps brands sell online through e-commerce platforms & other online channels. aCommerce is a B2C service provider for the Group in Southeast Asia.Summarized financial information of aCommerce:in CHF millions 2023 2022Current assets 62.8 59.5 Non-current assets 21.9 23.9 Total assets 84.7 83.4 Current liabilities (81.6) (59.8) Non-current liabilities (71.5) (63.0) Total liabilities (153.1) (122.8) Total equity (68.4) (39.4) Net sales 230.3 247.9 Loss after tax (31.4) (13.6) Other comprehensive income (2.0) (1.0) Total comprehensive income (33.4) (14.6) Reconciliation of the carrying amountin CHF millions 2023 2022Share held by the Group in the equity of aCommerce (14.8) (8.6) Goodwill and other intangible assets 77.4 89.7 Carrying amount of aCommerce 62.6 81.1 20. Interest in Joint VenturesThe Group%u2019s interests in joint ventures are as follows:Company Ownership in %Country of incorporation 2023 2022Cummins Diethelm Ltd., Bangkok Thailand 50.0 50.0 Cummins DKSH Vietnam LLC, Ho Chi Minh City Vietnam 50.0 50.0 Cummins DKSH (Singapore) Pte Ltd., Singapore Singapore 50.0 50.0 Cummins DKSH (Myanmar), Yangon Myanmar 50.0 50.0 DKSH Klingelnberg Service Ltd., Shanghai China 50.0 50.0 88 Consolidated Financial Statements DKSH Group
                                
   84   85   86   87   88   89   90   91   92   93   94