Hemraj 05

Page 40

Transactions with related parties (continued)

Liabilities THOUSAND BAHT CONSOLIDATED THE COMPANY ONLY 2005 2004 2005 2004

INTERCOMPANY TERMS

Short - term loans and advance from related parties: Subsidiary companies: Eastern Industrial Estate Company Limited Eastern Seaboard Industrial Estate (Rayong) Company Limited Related company: Siam Food Products Public Company Limited

Total Long - term loans from related party:

-

-

33,101 18,456

24,462

32,041

40,039

-

-

32,041

40,039

51,557

24,462

-

-

1,276,110

1,153,469

31,400 9,752

21,892 21,144

-

-

41,152

43,036

-

-

Subsidiary company : H-International (BVI) Company Limited

4.5% and 5.25%

-

Long - term loans from related person: Current portion of long-term loans Long-term loans

Total

4.25%, MLR (KBANK) +1% and MLR (KBANK)

Balance of Liabilities with related parties and its movement for the year 2005 are as follows: BEGINNING

THOUSAND BAHT INCREASE DECREASE

ENDING

Consolidated Short - term loans and advance from related parties Long – term from related persons

40,039 43,036

32,919 20,000

(40,917) (21,884)

32,041 41,152

24,462

69,244

(42,149)

51,557

1,153,469

122,741

(100)

1,276,110

The Company Only Short - term loans and advance from related parties: Subsidiary companies Long - term loans from related party: Subsidiary company

The significant transactions with related parties for the years ended December 31, are as follows: MILLION BAHT CONSOLIDATED THE COMPANY ONLY 2005 2004 2005 2004 Service income Interest income Commission and management income Cost of service Interest expenses

39

20.09 0.89 2.38

19.54 0.50 -

19.11 36.81 67.19

18.57 29.13 52.77

8.50 0.92

7.88 2.51

1.34 -

1.62 -

INTERCOMPANY COST POLICY Market price MLR +1%, 4.5%, MLR and MLR –1% 5% - 10% of contract price and 5% of service income received Market price 4.5% and 5.25%

Annual Report 2005 HEMARAJ LAND AND DEVELOPMENT PUBLIC COMPANY LIMITED

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