SCI Annual Report 2015
Annual Report
Annual Report
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Relationship<br />
Nature of<br />
Transaction<br />
Transaction value<br />
(Million Baht)<br />
Transaction balance<br />
(Million Baht)<br />
Of 2014 Of <strong>2015</strong> As at 31/12/14 As at 31/12/15<br />
Necessity/<br />
Justification<br />
Name of Interested<br />
or Related party/<br />
Company<br />
TAD SALEN POWER<br />
Co., Ltd.<br />
(“TSL”)<br />
Opinion of the Board<br />
and the Audit<br />
Committee<br />
Mr. Sirichai<br />
Phurttinarakorn,<br />
Mr.Thannawat<br />
Yanisrangkul and,<br />
Mr. Kriangkrai<br />
Pheanvitayaskul,<br />
both of them serves<br />
as <strong>SCI</strong>’s director.<br />
- This is a subsidiary<br />
company which<br />
<strong>SCI</strong>H holds shares<br />
representing 100<br />
percent as at 31<br />
Decmber <strong>2015</strong>.<br />
Loan to - - 51.02 55.98 The Company<br />
has earned an<br />
interest income<br />
from loan to<br />
intercompany<br />
by apply bank<br />
borrowing rate plus<br />
margin.<br />
Interest receivable<br />
Interest income<br />
Advance<br />
receivable<br />
-<br />
3.57<br />
-<br />
3.40<br />
9.38<br />
-<br />
12.55<br />
- - 0.08 0.65 The Company<br />
provides short-term<br />
cash flow for<br />
operation.<br />
-<br />
Nature of business:<br />
Hydroelectric<br />
power generation<br />
Loans to intercompany<br />
bear interest at an<br />
appropriate rate .<br />
The advance<br />
receivable are<br />
reasonableness<br />
transaction to support<br />
shot-term cash flow of<br />
a subsidiary.<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2015</strong><br />
177
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