[ Notes to consolidated financial statements ] 11.Related party transactions During the years, the Company, its subsidiaries and joint ventures had significant business transactions with related parties. Such transactions, which are summarised below, arose in the ordinary course of business and were concluded on commercial terms and bases agreed upon between the Company and those related parties. (Unit: Million Baht) Consolidated financial statements 2008 2007
Separate financial statements 2008 2007
Transfer pricing and lending policy
Transactions with the subsidiaries Rental and service income
- 1
- 1
0.1
Interest income
- 1
- 1
0.8
Dividend income
- 1
- 1 270.4
0.1 Based on the prices agreed between the parties, which approximate the market prices 0.8 Interest rate at MOR plus 0.25% per annum - 1 At the declared rate
- 1 0.5 - 1 - 1
4.4 2.5 - 1 - 1
18.2 3.5 - 1 2.0
Transactions with the joint ventures Service income Operating cost reimbursement Interest income Dividend income
35.3 2.9 0.1 - 1
Cost plus margin Cost plus margin Interest rate at 3.75% per annum At the declared rate
As at 31 December 2008 and 2007, the balances of the accounts between the Company and those related parties are as follows: (Unit: Baht) Separate financial statements 2007 2008
Consolidated financial statements 2008 2007
Construction contract debtors - related party Joint venture PAN ASIA - CNT Joint Venture Total construction contract debtors - related party
84 ÃÒ§ҹ»ÃШӻ‚ 2551 l
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-
1 1
-
1 1
5,182,518 5,182,518
196,665 196,665