Raimon Land Twenty Six Company Limited On 25 August 2017, the Company entered into a loan agreement to provide a loan facility of Baht 700 million to Raimon Land Twenty Six Company Limited. On 11 September 2017, the Company entered into an addendum agreement to alter the loan facility from Baht 700 million to Baht 1,000 million. The unsecured loan carries interest at the rate of 5 percent per annum and is due at call. RML 548 Company Limited On 31 August 2017, the Company entered into a loan agreement to provide a loan facility of Baht 1,000 million to RML 548 Company Limited. The unsecured loan carries interest at the rate of 5 percent per annum and is due at call. Siam Spoon Company Limited On 31 August 2017, the Company entered into a loan agreement to provide a loan facility of Baht 100 million to Siam Spoon Company Limited. The unsecured loan carries interest at the rate of 5 percent per annum and is due at call. Raimon Land Sathorn Company Limited On 29 September 2017, the Company entered into a loan agreement to provide a loan facility of Baht 1,100 million to Raimon Land Sathorn Company Limited. The unsecured loan carries interest at the rate of 5 percent per annum and is due at call. Allowance for doubtful debts During the current year, the Company has recorded full allowance for doubtful accounts for the short-term loans to and interest receivable increasing during the year from Raimon Land Park View Development Company Limited and Raimon Land Residences Company Limited. Short-term loan from subsidiary Loan from subsidiary is unsecured loan carrying interest at a rate of 3 percent per annum (2016: Interest at rate 3 - 5 percent per annum) and due at call.
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ANNUAL REPORT 2017
103