SCI Annual Report 2015

SCI Electric Public Company Limited
SCI ELECTRIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES
(FORMERLY KNOW AS “SCI ELECTRIC MANUFACTURER COMPANY LIMITED”)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE TEAR ENDED 31 DECEMBER 2015
7.2 Balances of transactions with related parties
Balances of transactions among the Group with related parties are as follows:
In Baht
Consolidated financial statements Separate financial statements
2015 2014 2015 2014
Trade accounts receivable (Note 10)
Related company 15,033,971 3,607,275 - -
Other receivables (Note 10)
Subsidiary - - 13,197,322 9,461,038
Related company 3,210 - - -
Total 3,210 - 13,197,322 9,461,038
Prepaid expenses (Note 10)
Subsidiary - - 770,727 1,156,090
Dividend receivable (Note 10)
Subsidiary - - 37,799,300 -
Trade accounts payable (Note 22)
Subsidiaries - - 3,741,745 8,258,138
Short-term loan to
Subsidiary - - 55,983,248 51,019,232
The movement of short - term loan to related companies is as follows:
In Baht
Separate financial statements
2015 2014
Balance, beginning of year 51,019,232 51,019,232
Add Increase during the year 5,364,016 8,125,600
Less Decrease during the year (400,000) (8,125,600)
Balance, end of year 55,983,248 51,019,232
The short-term loans to related companies ware call loans and beared interest at the rate of 2% - 7% per annum.
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