Annual Report 2011 / Sahaviriya Steel Industries Public Company Limited
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capital investment (excluding land cost and working capital) as of the started date operation of the project commences. (f) exemption from corporate income tax on net income from manufacture of industrial machinery and equipment, mechanical parts, and the repair and improvement of industrial machinery and equipment and steel structures for industrial use, for a period of 8 years commencing as from the date of the first earning operating income, to the extent that the amount of tax exempted does not exceed 100 percent of the total investment made, excluding the price of land and working capital. The total amount of corporate income tax exempted thus must not exceed Baht 167 million, and such cap is to be adjusted according to the actual capital investment (excluding land cost and working capital) as of the started date operation of the project commences. Summary of revenue from promoted and non-promoted businesses:
extent that the amount of tax exempted does not exceed 100 percent of the total investment made, excluding the price of land and working capital. The amount of corporate income tax exempted thus must not exceed Baht 1,146 million, and such cap is to be adjusted according to the actual capital investment (excluding land cost and working capital) as of the started date operation of the project commences. In addition the privileges also include an exemption from import duty on machinery approved by the BOI. (e) exemption from corporate income tax on net income from the provision of high-powered tug boat service, for a period of 5 years commencing as from the date of the first earning operating income (9 August 2005) to the extent that the amount of tax exempted does not exceed 100 percent of the total investment made, excluding the price of land and working capital. The amount of corporate income tax exempted thus must not exceed Baht 103 million, and such cap is to be adjusted according to the actual
Consolidated financial statements 2010
2011 Unit: Thousand Baht
Promoted Non-promoted businesses businesses
Export sales and service Local sales and service Total Revenue
580,933 33,605,789 34,186,722
134,779 13,653,189 13,787,968
Total
715,712 47,258,978 47,974,690
Promoted Non-promoted businesses businesses
1,799,797 30,793,429 32,593,226
841,629 14,654,741 15,496,370
Total
2,641,426 45,448,170 48,089,596
Separate financial statements 2010
2011 Unit: Thousand Baht
Promoted Non-promoted businesses businesses
Export sales Local sales Total Revenue
580,933 33,528,850 34,109,783
68,596 3,521,108 3,589,704
Total
649,529 37,049,958 37,699,487
Promoted Non-promoted businesses businesses
1,799,797 30,705,744 32,505,541
816,822 14,462,587 15,279,409
Total
2,616,619 45,168,331 47,784,950