Kulthorn Kirby Public Company Limited
73.9 million (2011: Baht 69.9 million) The Company only: Baht 18.3 million (2011: Baht 14.3 million), and to guarantee import duty and others amounting to Baht 15.8 million (2011: Baht 17.9 million), the Company only: Baht 12.7 million (2011: Baht 15.0 million). 28.
Promotional privileges
28.1 The Company has been granted certain promotional privileges according to the Investment Promotion Act B.E. 2520 as approved by the Board of Investment with significant privileges as follows: Certificate No. 1421(2)/2552 1.
Promotional privileges for
Manufacturing of compressors for air condition and refrigerator
2.
The significant privileges are 2.1 Exemption of corporate income tax on net profit from promotional
From 2 February 2010
operation which does not exceed 100 percent of investment,
until 1 February 2015
excluding land and working capital for a period of 5 years. In case that the Company has loss during the exemption of corporate income tax on net income, it can carry forward loss from operations to offset against income after exemption period, for a period of 5 years commencing as from the expiration of exemption period. 2.2 Exemption from import duty on raw materials and essential materials
Granted
imported for use specifically in producing for export for a period of 1 year as from the date of first import. 2.3 Exemption from import duty on imported machinery as approved by
Granted
the Board. 2.4 Dividend paid from those investment promoted operations which are
Granted
exempted from corporate income tax are in turn exempted from inclusion in the determination of income tax.
Annual Report 2012
3.
80
Date of first earning operating income.
2 February 2010
The Company has to comply with certain conditions and restrictions specified under the promotion certificates. Sales of the Company amounting to approximately Baht 4,872 million (2011: Baht 5,210 million) for the year ended 31 December 2012 included revenue from manufacturing and sales derived from promoted operations of approximately Baht 1,752 million (2011: Baht 1,886 million).