Related Parties Transactions
Details of Related Parties Transactions Name of persons who may have conflicts of interest (1) Ministry of Finance (MOF)
Relationship
Type of Transaction as at 30 September 2006
(2)
(3)
• The MOF is a
1. The MOF is the guarantor
major shareholder
of loans as follows :
of THAI
• Loans from local financial
with 53.76% equity interest
institutions - Initial amount : 3,000.00 million baht - Outstanding balance :
repayable in two installments per year over a 10 year term
• Loans from local financial - Initial amount : 3,000.00 million baht - Outstanding balance :
accrued : 47.23 million baht The loans bear interest rates between 1.13-7.07% and are repayable at maturity over terms of 5-20 years for long-term loans and
2. Loans via the MOF - Initial amount : 46,213.91 million baht - Outstanding balance : 19,476.59 million baht - Interest expense and
accrued : 637.50
within one year for short-
accrued : 1,410.45
million baht
term loans
million baht
THAI leased to
The company purchases
THAI leased to
Thai-Amadeus Southeast Asia
goods and services from
Thai-Amadeus Southeast Asia
Company Limited
55% equity
Company Limited office area,
related parties on normal
Company Limited office area,
(Subsidiary
interest
computer and office
commercial terms
computer and office
Company)
• As at 30 September equipment. In addition, THAI provided the subsidiary
THAI provided company with
THAI’s executives,
with accounting services and
accounting services and had
Mr. Vasing Kittikul,
had seconded THAI personnel
seconded THAI personnel for
Mr. Kobchai Srivilas, for its operations. THAI also sold
its operations. THAI also sold
Mr. Wallop
ticket to the company
Bhukkanasut
- Aggregate amount :
are Chairman
49.12 million baht
and director of
- Outstanding balance of
- Aggregate amount : 55.13 million baht - Outstanding balance of
Thai-Amadeus
service expense :
service expenses :
Southeast Asia
10.61 million baht
15.44 million baht
Company Limited respectively • As at 30 September 2005, two of THAI’s executives, Mr. Prajak Jamrusmechoti and Mr. Tasnai Sudasna are directors of Thai-Amadeus Southeast Asia Company Limited
Annual Report 2006
equipment. In addition,
2006, three of
ticket to the subsidiary
- Outstanding balance of ticket : 0.02 million baht
Please see (4)
institutions
million baht
- Interest expense and
92
rate of 8.80% and are
accrued : 20.95
17,873.32 million baht
shareholder with
of loans as follows : The loans bear interest
450.00 million baht
- Outstanding balance :
Conditions /Pricing Policy as at 30 September 2005 (6)
1. The MOF is the guarantor
- Interest expense and
30,510.91 million baht
• THAI is a major
(5)
150.00 million baht
- Initial amount :
Southeast Asia
Type of Transaction as at 30 September 2005
- Interest expense and
2. Loans via the MOF
Thai-Amadeus
Conditions /Pricing Policy as at 30 September 2006 (4)
- Outstanding balance of ticket : 0.14 million baht
The loans bear interest rates between 1.13-7.07% and are repayable at maturity over terms of 5-20 years for long-term loans
Please see (4)