Service Rate
1,953,000 Baht (exclusive of VAT)
Service Revenues
In 2010: In 2011:
820,000
Baht Baht
Accounts Receivable
As of 31 December 2010: As of 31 December 2011:
877,400
Baht Baht
Nature of Agreement
• Hiring contract for machinery inspecting and testing To inspect and test related machines in the Project
Terms of the Agreement 1st contract: 2nd contract:
within 31 December 2011 within 31 December 2012
Service Rate
1st contract: 2nd contract:
Service Revenues
In 2010: In 2011:
Baht 1,157,000 Baht
Accounts Receivable
As of 31 December 2010: As of 31 December 2011:
Baht 1,237,990 Baht
325,000 Baht/month 921,500 Baht/month
Connected Transactions (c) Grande Center Point Hotel and Residence Ratchadamri Project • Hiring contract for computer software maintenance Terms of the Agreement 3 years (1 October 2007-30 September 2010) and renewed for 3 more years (1 October 2010-30 Sep 2013) Service Rate
1st term (1 October2007-30 September 2010): 2nd term (1 October 2010-30 September 2013):
Service Revenues
In 2010: In 2011:
Service Rate
96
50,000 Baht/month 100,000 Baht/month
750,000 Baht 1,200,000 Baht
• Hiring contract for project management Project management fee is to be calculated based on the project’s reven ue. The formula used is 2% of current year income plus 5.5% of accumulated profit at yearend of current year minus the accumulated profit at year-end of the previous year.
Service Revenues
In 2010: In 2011:
14,311,007 Baht 20,652,187 Baht
Accounts Receivable
As of 31 December 2010: As of 31 December 2011:
Baht 9,092,383 Baht
Quality Houses Public Company Limited