TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director The significant transactions between the Company and its related parties and companies for the three-month and nine-month periods ended September 30, 2021 and 2020, are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 645 645 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 Interest expenses N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 - - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - The significant outstanding balance as at September 30, 2021 and December 31, 2020, are as follows: In Thousand Baht
Appears in 1 contract
Samples: investor.ncgroup.co.th
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows follow : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Director’s relative Mrs. Xxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director Director’s relative The significant transactions between the Company and its related parties and companies for the three-month years ended December 31, 2019 and nine-month periods ended September 30, 2021 and 2020, 2018 are summarized as follows. follows :- In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 0000 0000 0000 2020 2019 2018 2019 2018 Transaction during the period year Subsidiaries Other income Quality Living Management Co., Ltd. At the rate of 5.75% p.a. - office rental - - 82,705.47 N.C. Property Management Co., Ltd. Baht 70,000 per month At the rate of 5.75% p.a. - - 210 22,212.33 1,382,504.79 her income - office rental Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 60,000.00 60,000.00 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 297,160 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other 297,160.00 - her income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income 16,822.44 16,822.44 Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 24,149.53 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) 51,303.73 - Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - Ot Ot Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 25,000 per project - - 645 645 2,560,000.00 2,130,000.00 Related parties Sale income Mr. Xxxxxxx Xxxxxxxxxxxxxxx Other income - office rental Market price 1,347,879.00 - 1,347,879.00 - Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 720,000.00 720,000.00 720,000.00 720,000.00 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - 67,121,295.88 68,064,840.00 67,121,295.88 68,064,840.00 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 26,999,500.96 13,609,759.61 26,705,441.95 13,609,759.61 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 259,215.12 4,683.39 259,215.12 4,683.39 Land rental expense Sap Namchai Pattana Co., Ltd Ltd. Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 660,000.00 660,000.00 660,000.00 660,000.00 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 Interest expenses N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 180,000.00 580,000.00 180,000.00 580,000.00 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 164,465.73 1,107,906.82 - - 501,494.52 N.C.H. 2555 Holding Co., Ltd Ltd. At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - 13,172,541.10 14,921,234.25 13,165,924.66 14,918,398.63 The significant outstanding balance as at September 30, 2021 and December 31, 2020, 2019 and 2018 are as follows: follow:- In Thousand BahtBaht Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 Short-term loan to related parties - N.C. Property Management Co., Ltd. Balance, beginning of year - - - 52,000,000.00 Addition during the year - - 6,000,000.00 - Deduction during the year - - (6,000,000.00) (52,000,000.00) Balance, ending of year - - - - - Quality Living Management Co., Ltd. Balance, beginning of year - - - 3,000,000.00 Addition during the year - - - - Deduction during the year - - - (3,000,000.00) Balance, ending of year - - - - - - - - Accrued rental - Quality Living Management Co., Ltd. Accrued utility charges - Xxxx Xxxx Wellness Co.,Ltd. - - - - - 19,255.00 - - Accrued interest - Quality Living Management Co., Ltd. - - - 82,705.47 - N.C. Property Management Co., Ltd. - - - - - - - 82,705.47 Payable to related persons and parties - Quality Living Management Co., Ltd. - - 69,550.00 -
Appears in 1 contract
Samples: investor.ncgroup.co.th
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Director’s relative Mrs. Xxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director Director’s relative The significant transactions between the Company and its related parties and companies for the three-month and ninesix-month periods ended September June 30, 2021 2019 and 2020, 2018 are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September June 30, For the three-month periods ended September June 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 - Pricing basis 2019 2018 2019 2018 Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 5.75 % p.a. - - 5 - 652 Quality Living Management Co., Ltd. At the rate of 4.50 5.75 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - 40 Other income-interest income Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 25,000 per project - - 645 645 715 720 Related parties Sale income Mr. Xxxxxxx Xxxxxxxxxxxxxxx Market price - - - - Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 180 180 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - 8,742 9,443 8,742 9,443 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 4,745 3,196 4,745 3,196 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 28 - 28 - Land rental expense Sap Namchai Pattana Asset Development Co., Ltd Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 203 - 40 203 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 43 331 - 247 N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.755.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - 3,283 3,863 3,283 3,863 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the ninesix-month periods ended September June 30, For the ninesix-month periods ended September June 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Pricing basis 2019 2018 2019 2018 Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) 30 30 Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine8 8 Other income-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest interest income N.C. Property Management Co., Ltd. At the rate of 4.85 3.00 - 5.75 % p.a. - - 5 - 1,383 Quality Living Management Co., Ltd. At the rate of 4.50 3.00 - 5.75 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - 83 Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 20,000 per project - - 1,842 1,935 1,270 1,120 Related parties Sale income Mr. Xxxxxxx Xxxxxxxxxxxxxxx Market price 1,348 - 1,348 - Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 360 360 360 360 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - 26,799 26,062 26,799 26,062 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 7,717 7,489 7,717 7,489 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 52 1 52 1 Land rental expense Sap Namchai Pattana Asset Development Co., Ltd Ltd. Baht 55,000 per month 495 495 495 495 330 330 330 330 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 180 321 180 321 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 86 586 - - N.C.H. 501 N.C.H 2555 Holding Co., Ltd Ltd. At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - 6,536 7,776 6,530 7,776 The significant outstanding balance as at September June 30, 2021 2019 and December 31, 2020, 2018 are as follows: In Thousand BahtBaht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2019 31, 2018 30, 2019 31, 2018 Short-term loan to related parties - N.C. Property Management Co., Ltd. Balance, at the beginning of the period - - - 52,000 Addition during the period - - - - Deduction during the period (52,000) Balance, at the end of the period - - - - - Quality Living Management Co., Ltd. Balance, at the beginning of the period - - - 3,000 Addition during the period - - - - Deduction during the period (3,000) Balance, at the end of the period - - - - - - - - Accrued interest - Quality Living Management Co., Ltd. - - - 83 - N.C. Property Management Co., Ltd. - - - - - - - 83 Account payable to related parties - Quality living Management Co., Ltd. - - 241 -
Appears in 1 contract
Samples: investor.ncgroup.co.th
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s Company›s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows follow : Company’s Company›s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Land Development Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management NCH 2555 Holding Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s Shareholder›s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Shareholder›s relative Ensure Home Co., Ltd. Thailand Director Xx. Xxxxxx Xxxxxxxxxx Co-shareholder and director at 12% TPKS Real Eatate Co., Ltd. Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director Co-shareholder and director at 12% The significant transactions between the Company and its related parties and companies for the three-month years ended December 31, 2013 and nine-month periods ended September 30, 2021 and 2020, 2012 are summarized as follows. follows :- Transaction during the year Subsidiaries Interest income In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental 2013 2012 2013 2012 N.C. Property Management Co., Ltd. Baht 70,000 per month At the rate of 3.00% p.a. - - 210 332,260.27 5,917.81 Other income - office rental Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) 60,000.00 60,000.00 Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness 16,822.44 16,822.44 Construction cost N.C. Property Management Co.,Ltd. Electricity : Bath 5 per unit , Ltd. At cost plus 7% - - 300 223 Water : Bath 17 49,307,882.74 29,217,756.94 Management fee Quality Living Management Co., Ltd. Minimum Baht 20,000 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and project - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) 2,230,000.00 1,101,000.00 Utility charges N.C. Property Management Co., Ltd. At cost - - 2,088.00 3,660.00 Interest income expenses Quality Living Management Co., Ltd. At the rate of 3.00% p.a. - - 25,224.67 36,575.33 N.C. Property Management Co., Ltd. At the rate of 4.85 3.00% p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 645 645 43,808.23 Related parties Other income - – office rental In Baht Consolidated Financial Statements Separate Financial Statements Pricing basis 2013 2012 2013 2012 Precast station Co., Ltd. Baht 20,000 10,000 per month and 70,000.00 - 180 70,000.00 - 180 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 cost plus 10% 35,053,139.99 - - 35,053,139.99 - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 90,318,231.84 112,557,423.77 62,487,458.45 95,344,650.34 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 541,242.91 106,122.20 58,520.44 106,122.20 Land rental expense Sap Namchai Pattana Co., Ltd Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 660,000.00 660,000.00 660,000.00 660,000.00 Interest expenses N.C.H. NCH 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 5.75% p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 Interest expenses 1,387,404.11 678,184.92 1,251,924.66 678,184.92 Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 1,339,419.18 - - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 1,244,110.96 - The significant outstanding balance as at September 30, 2021 and December 31, 2020, 2013 and 2012 are as follows: follow:- In Thousand BahtBaht Consolidated Financial Statements Separate Financial Statements 2013 2012 2013 2012 Short-term loan to related parties Balance, beginning of year - - - - Addition during the year - - 33,000,000.00 1,000,000.00 Deduction during the year - - (13,700,000.00) (1,000,000.00) Balance, ending of year - - 19,300,000.00 - Accrued interest - N.C. Property Management Co., Ltd. - - 141,419.18 - Payable to related parties - Quality Living Management Co., Ltd. - - 363,800.00 101,650.00 - N.C. Property Management Co., Ltd. - - 12,164,627.46 13,086,416.73 - S.C. Construction And Decoration Co., Ltd. 761,109.71 295,489.09 244,596.68 295,489.09 - Sathaporn Wattana Trading Co., Ltd. 25,993,913.54 37,416,396.13 21,829,070.26 32,212,086.23 - Sathaporn Wattana Transport Partnership 3,500.00 3,500.00 3,500.00 3,500.00 - Precast station Co., Ltd. 4,004,324.26 - 4,004,324.26 - 30,762,847.51 37,715,385.22 38,609,918.66 45,699,142.05 Short-term loan from related parties - Quality Living Management Co., Ltd. Balance, beginning of year - - - - Addition during the year - - 4,700,000.00 2,500,000.00 Deduction during the year - - (3,700,000.00) (2,500,000.00) Balance, ending of year - - 1,000,000.00 -
Appears in 1 contract
Samples: Finance Lease Agreement
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Xxxxxxxx Xxxxxxxxxxx Thailand Director Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Director’s relative Mrs. Xxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director Director’s relative The significant transactions between the Company and its related parties and companies for the three-month and nine-month periods ended September 30March 31, 2021 2018 and 2020, 2017 are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30March 31, For the three-month periods ended September 30March 31, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 - Pricing basis 2018 2017 2018 2017 Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 5.75 % p.a. - - 5 - 730 763 Quality Living Management Co., Ltd. At the rate of 4.50 5.75 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - 43 43 Other income-interest income Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 25,000 per project projec - - 645 645 400 660 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 180 180 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - 16,619 7,251 16,619 7,251 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 4,292 10,273 4,292 10,273 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 1 2 1 2 Ltd. Land rental expense Sap Namchai Pattana Asset Development Co., Ltd Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 Interest expenses N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 118 366 118 366 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 - - 255 955 255 955 N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.755.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - 3,913 1,145 3,913 1,145 The significant outstanding balance as at September 30March 31, 2021 2018 and December 31, 2020, 2017 are as follows: In Thousand BahtBaht Consolidated Financial Statements Separate Financial Statements As at March As at December As at March As at December 31, 2018 31, 2017 31, 2018 31, 2017 Short-term loan to related parties - N.C. Property Management Co., Ltd. Balance, at the beginning of the period - - 52,000 54,000 Addition during the period - - - - Deduction during the period - - (900) (2,000) Balance, at the end of the period - - 51,100 52,000 - Quality Living Management Co., Ltd. Balance, at the beginning of the period - - 3,000 3,000 Addition during the period - - - - Deduction during the period - - - - Balance, at the end of the period - - 3,000 3,000 - - 54,100 55,000 Accrued rental - Quality Living Management Co., Ltd. - - 20 78 Accrued interest - Quality Living Management Co., Ltd. - - 215 173 - N.C. Property Management Co., Ltd. - - 6,741 6,010 - - 6,956 6,183 Account payable to related parties -Quality living Management Co., Ltd. - - 70 27
Appears in 1 contract
Samples: Finance Lease Agreement
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Director’s relative Mrs. Xxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director Director’s relative The significant transactions between the Company and its related parties and companies for the three-month and nine-month periods ended September 30, 2021 2018 and 2020, 2017 are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 - Pricing basis 2018 2017 2018 2017 Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 5.75 % p.a. - - 5 - 754 Quality Living Management Co., Ltd. At the rate of 4.50 5.75 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - 44 Other income-interest income Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 25,000 per project projec - - 645 645 505 390 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 180 180 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 24,628 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - 24,628 4,533 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 3,305 5,092 3,305 5,092 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 2 - 2 - Ltd. Land rental expense Sap Namchai Pattana Asset Development Co., Ltd Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 79 257 79 257 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 478 - - - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.755.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - 3,514 4,090 3,514 4,090 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Pricing basis 2018 2017 2018 2017 Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nineOther income-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest interest income N.C. Property Management Co., Ltd. At the rate of 4.85 5.75 % p.a. - - 5 - 1,382 2,262 Quality Living Management Co., Ltd. At the rate of 4.50 5.75 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - 83 129 Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 25,000 per project projec - - 1,842 1,935 1,625 1,720 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 540 540 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - 50,690 31,275 50,690 31,275 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 10,794 26,086 10,794 26,086 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 3 5 3 5 Ltd. Land rental expense Sap Namchai Pattana Asset Development Co., Ltd Lt Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 400 689 400 689 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 - - N.C.H. 1,064 983 501 983 N.C.H 2555 Holding Co., Ltd Ltd. At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - 11,290 9,416 11,290 9,416 The significant outstanding balance as at September 30, 2021 2018 and December 31, 2020, 2017 are as follows: Short-term loan to related parties - N.C. Property Management Co., Ltd. In Thousand BahtBaht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2018 31, 2017 30, 2018 31, 2017 Balance, at the beginning of the period - - 52,000 54,000 Addition during the period - - - - Deduction during the period - - (52,000) (2,000) Balance, at the end of the period 52,000 - Quality Living Management Co., Ltd. Balance, at the beginning of the period - - 3,000 3,000 Addition during the period - - - - Deduction during the period - - (3,000) - Balance, at the end of the period 3,000 - - - 55,000 Accrued rental - Quality Living Management Co., Ltd. - - 58 78 - Precast station Co., Ltd. 60 - 60 - 60 - 118 78 Accrued interest - Quality Living Management Co., Ltd. - - 83 173 - N.C. Property Management Co., Ltd. - - - 6,010 - - 83 6,183 Account payable to related parties -Quality living Management Co., Ltd. - - 81 27 - N.C. Property Management Co., Ltd. - - 1,617 1,617 - S.C. Construction And Decoration Co., Ltd. 1 5 1 5 - Sathaporn Wattana Trading Co., Ltd. 2,305 5,444 2,305 5,444 - Precast station Co., Ltd. 39,725 36,532 39,725 36,532 - Namchai Golf management Co., Ltd. 107 - 107 - - Sap Namchai Pattana Co., Ltd 495 660 495 660 42,633 42,641 44,331 44,285 Short-term loan from related parties In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2018 31, 2017 30, 2018 31, 2017 - N.C.H. 2555 Holding Co., Ltd. Balance, at the beginning of the period 276,000 - 276,000 - Addition during the period 51,100 306,000 51,100 306,000 Deduction during the period (54,100) (30,000) (54,100) (30,000) Balance, at the end of the period 273,000 276,000 273,000 276,000 rt-term loan from director - Mr. Xxxxxxx Xxxxxxxxxxxxxxx Balance, at the beginning of the period 16,900 81,000 16,900 81,000 Addition during the period 55,600 181,900 1,500 181,900 Deduction during the period (69,500) (246,000) (18,400) (246,000) Balance, at the end of the period 3,000 16,900 - 16,900 rued interest - Mr. Xxxxxxx Xxxxxxxxxxxxxxx 48 2,631 - 1,569 - N.C.H. 2555 Holding Co., Ltd. 11,290 13,416 11,290 13,416 11,338 16,047 11,290 14,985 Sho Acc COLLATERAL WITH RELATED COMPANIES As at September 30, 2018, the Company had contingent liability from letters of guarantee issued by a bank on behalf of the subsidiary for electricity usage amounting to Baht 0.40 million. MANAGEMENT BENEFIT EXPENSES Management benefit expense represent the benefits paid to the Company’s management, such as salaries and related benefit including the benefit paid by other means. The Company’s management is the persons who are defined under the Securities and Exchange Act. The management is comprised of the managing director, deputy managing directors and senior managers. Management benefit expenses for the three-month and nine-month periods ended September 30, 2018 and 2017 are as follows: Management benefit expenses In Thousand Baht Consolidated/Separate Financial Statements For the three-month periods ended September 30, 2018 2017 Short-term employee benefits 8,086 7,688 Post-employment benefits 244 298 Total 8,330 7,986 Management benefit expenses In Thousand Baht Consolidated/Separate Financial Statements For the nine-month periods ended September 30, 2018 2017 Short-term employee benefits 24,660 22,991 Post-employment benefits 731 894 Total 25,391 23,885
Appears in 1 contract
Samples: Finance Lease Agreement
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Xxxxxxxx Xxxxxxxxxxx Thailand Director Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Director’s relative Mrs. Xxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director Director’s relative The significant transactions between the Company and its related parties and companies for the three-month and ninesix-month periods ended September June 30, 2021 2017 and 2020, 2016 are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September June 30, For the three-month periods ended September June 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 - Pricing basis 0000 0000 0000 0000 Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 5.75 % p.a. - - 5 - 745 796 Quality Living Management Co., Ltd. At the rate of 4.50 5.75 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - 43 43 Other income-interest income Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 20,000 per project - - 645 645 670 675 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 10,000 per month and - 180 - 90 180 90 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - 19,491 24,286 19,491 24,286 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 10,721 7,325 10,721 7,325 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 3 2 3 2 Land rental expense Sap Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Baht 55,000 per month - 165 - 165 Namchai Pattana Asset Development Co., Ltd Baht 55,000 per month 165 - 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 - Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 66 35 66 35 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 28 - 28 - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.755.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses 4,181 - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 4,181 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the ninesix-month periods ended September June 30, For the ninesix-month periods ended September June 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Pricing basis 0000 0000 0000 0000 Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) 30 30 Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine8 8 Other income-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest interest income N.C. Property Management Co., Ltd. At the rate of 4.85 3.00 - 5.75 % p.a. - - 5 - 1,508 1,112 Quality Living Management Co., Ltd. At the rate of 4.50 3.00 - 5.75 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - 86 69 Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 20,000 per project - - 1,842 1,935 1,330 1,370 Related parties Sales Mrs. Xxxxx Xxxxxxxxxxxxxxx Other income - office rental Market price - 4,004 - 4,004 Precast station Co., Ltd. Baht 10,000 per month and 360 180 360 180 Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - 26,742 50,249 26,742 50,249 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 20,994 19,074 20,994 19,074 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 5 8 5 8 Land rental expense Sap Namchai Pattana Co., Ltd Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Baht 55,000 per month 495 495 495 495 - 330 - 330 Namchai Asset Development Co., Ltd. Baht 55,000 per month 330 - 330 - Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 432 74 432 74 Rental of golf cart Tanyacart Management Co., Ltd. Market price - 3 - 3 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 - - N.C.H. 983 1,139 983 649 N.C.H 2555 Holding Co., Ltd Ltd. At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses . 5,326 - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 5,326 - The significant outstanding balance as at September June 30, 2021 2017 and December 31, 2020, 2016 are as follows: In Thousand BahtBaht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2017 31, 2016 30, 2017 31, 2016 Short-term loan to related parties
Appears in 1 contract
Samples: Finance Lease Agreement
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Limited Partnership Thailand Co-shareholder and director I-care Wellness Wellmess Limited Partnership Thailand Co-shareholder Company’s name Country of incorporation Type of relation Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Xxxxxxxxxx Thailand Director The significant transactions between the Company and its related parties and companies for the three-month and nine-month periods ended September 30, 2021 2023 and 20202022, are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 645 645 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 Interest expenses N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 - - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - The significant outstanding balance as at September 30, 2021 and December 31, 2020, are as follows: In Thousand Baht
Appears in 1 contract
Samples: investor.ncgroup.co.th
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director The significant transactions between the Company and its related parties and companies for the three-month and ninesix-month periods ended September June 30, 2021 and 2020, are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September June 30, For the three-month periods ended September June 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 297,160 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) 4,145 446 Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 283 207 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 24,149.53 per month and - - 94 410 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 28 1 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 267 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 39,058 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 645 613 645 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 Interest expenses N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 423 33,925 246 33,925 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 1,428 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 45,261 9,028 14,969 9,016 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 910 - 195 - Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 165 165 165 165 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 - 60 - 60 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 28 36 - - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 3,047 8,002 2,879 8,002 1,503 2,517 1,447 2,517 0.50% - 0.75% p.a. (2021 2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - The significant outstanding balance as at September 30, 2021 and December 31, 2020, are as follows: In Thousand Baht)
Appears in 1 contract
Samples: investor.ncgroup.co.th
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Director’s relative Mrs. Xxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director Director’s relative The significant transactions between the Company and its related parties and companies for the three-month and nine-month periods ended September 30, 2021 2019 and 2020, 2018 are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 - Pricing basis 2019 2018 2019 2018 Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 5.75 % p.a. - - 5 22 - Quality Living Management Co., Ltd. At the rate of 4.50 5.75 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - Other income-interest income Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 25,000 per project projec - - 645 645 505 Related parties Sale income Mr. Xxxxxxx Xxxxxxxxxxxxxxx Market price - - - - Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 180 180 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - 17,932 24,628 17,932 24,628 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 10,289 3,305 10,289 3,305 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 156 2 156 2 Ltd. Land rental expense Sap Namchai Pattana Asset Development Co., Ltd Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 79 - 40 79 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 43 478 - - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.755.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - 3,319 3,514 3,319 3,514 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Pricing basis 2019 2018 2019 2018 Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nineOther income-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest interest income N.C. Property Management Co., Ltd. At the rate of 4.85 5.75 % p.a. - - 5 - 22 1,382 Quality Living Management Co., Ltd. At the rate of 4.50 5.75 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - 83 Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 25,000 per project projec - - 1,842 1,935 1,915 1,625 Related parties Sale income Mr. Xxxxxxx Xxxxxxxxxxxxxxx Market price 1,348 - 1,348 - Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 540 540 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - 44,732 50,690 44,732 50,690 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 18,005 10,794 18,005 10,794 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 208 3 208 3 Ltd. Land rental expense Sap Namchai Pattana Asset Development Co., Ltd Lt Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 Interest 180 400 180 400 erest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 128 1,064 - - N.C.H. 501 N.C.H 2555 Holding Co., Ltd Ltd. At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - 9,855 11,290 9,849 11,290 Golf club membership Int The significant outstanding balance as at September 30, 2021 2019 and December 31, 2020, 2018 are as follows: Short-term loan to related parties In Thousand BahtBaht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December 30, 2019 31, 2018 30, 2019 31, 2018
Appears in 1 contract
Samples: investor.ncgroup.co.th
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director The significant transactions between the Company and its related parties and companies for the three-month and nine-month periods ended September 30March 31, 2021 and 2020, are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30March 31, For the three-month periods ended September 30March 31, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 297,160 per month and - - 945 1,436 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 237 97 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 24,149.53 per month and - - 94 139 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 35,194 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 645 584 645 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 210 180 - 210 180 Baht 40,000 per month Construction Cost cost Sathaporn Wattana Trading Co., Ltd. Market price 47,622 21,858 47,622 21,858 Asset Purchase Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 1,425 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 35,491 7,839 14,723 7,789 S.C. Construction And Decoration Co., Ltd. Market price 737 33 840 88 33 195 88 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 10 30 10 30 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 28 36 - - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 - - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - 1,487 3,140 1,431 3,140 The significant outstanding balance as at September 30March 31, 2021 and December 31, 2020, are as follows: In Thousand Baht
Appears in 1 contract
Samples: investor.ncgroup.co.th
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows follow : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Director’s relative Mrs. Xxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director Director’s relative The significant transactions between the Company and its related parties and companies for the three-month years ended December 31, 2018 and nine-month periods ended September 30, 2021 and 2020, 2017 are summarized as follows. follows :- In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 0000 0000 0000 2020 2018 2017 2018 2017 Transaction during the period year Subsidiaries Other Interest income Quality Living Management Co., Ltd. At the rate of 5.75% p.a. - office rental - 82,705.47 172,499.96 N.C. Property Management Co., Ltd. Baht 70,000 per month At the rate of 5.75% p.a. - - 210 1,382,504.79 3,015,520.56 Other income - office rental Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) 60,000.00 60,000.00 Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - 16,822.44 16,822.44 Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 20,000 per project - - 645 645 2,130,000.00 2,185,000.00 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 720,000.00 720,000.00 720,000.00 720,000.00 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - 68,064,840.00 51,673,420.00 68,064,840.00 51,673,420.00 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 13,609,759.61 31,946,000.88 13,609,759.61 31,946,000.88 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 4,683.39 7,773.55 4,683.39 7,773.55 Land rental expense Sap Namchai Pattana Co., Ltd Ltd. Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 660,000.00 660,000.00 660,000.00 660,000.00 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 Interest expenses N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 580,000.00 742,237.60 580,000.00 742,237.60 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 1,107,906.82 1,097,682.87 501,494.52 1,097,682.87 N.C.H. 2555 Holding Co., Ltd. At the rate of 5.75% p.a. 14,921,234.25 13,415,773.98 14,918,398.63 13,415,773.98 The significant outstanding balance as at December 31, 2018 and 2017 are as follow:- In Baht Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 Short-term loan to related parties - N.C. Property Management Co., Ltd. Balance, beginning of year - - 52,000,000.00 54,000,000.00 Addition during the year - - - - Deduction during the year - - (52,000,000.00) (2,000,000.00) Balance, ending of year - - - 52,000,000.00 - Quality Living Management Co., Ltd. Balance, beginning of year - - 3,000,000.00 3,000,000.00 Addition during the year - - - - Deduction during the year - - (3,000,000.00) - Balance, ending of year - - - 3,000,000.00 - - - 55,000,000.00 Accrued rental - Quality Living Management Co., Ltd. - - - 78,000.00 Accrued interest - Quality Living Management Co., Ltd. - - 82,705.47 172,499.96 - N.C. Property Management Co., Ltd. - - - 6,010,246.59 - - 82,705.47 6,182,746.55 Payable to related persons and parties - Quality Living Management Co., Ltd. - - - 26,750.00 - N.C. Property Management Co., Ltd. - - 1,617,265.05 1,617,265.05 - S.C. Construction And Decoration Co., Ltd. 2,329.39 4,370.96 2,329.39 4,370.96 - Sathaporn Wattana Trading Co., Ltd. 3,220,470.68 5,444,092.96 3,220,470.68 5,444,092.96 - Precast station Co., Ltd. 35,755,555.45 36,532,230.18 35,755,555.45 36,532,230.18 - Namchai Golf Management Co., Ltd. 99,700.00 - 99,700.00 - - Namchai Pattana Co., Ltd. 660,000.00 660,000.00 660,000.00 660,000.00 39,738,055.52 42,640,694.10 41,355,320.57 44,284,709.15 Accrued interest - Mr. Xxxxxxx Xxxxxxxxxxxxxxx - 2,631,278.76 - 1,569,497.94 - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% Ltd. 7,145,202.08 13,415,773.98 7,145,202.08 13,415,773.98 7,145,202.08 16,047,052.74 7,145,202.08 14,985,271.92 Short-term loan from related parties - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At Ltd. Balance, at the rate beginning of 4.85% p.a. 1,292 the period 276,000,000.00 - 1,292 276,000,000.00 - Addition during the period 52,100,000.00 306,000,000.00 51,100,000.00 306,000,000.00 Deduction during the period (98,100,000.00) (30,000,000.00) (98,100,000.00) (30,000,000.00) Balance, at the end of the period 230,000,00.00 276,000,000.00 229,000,000.00 276,000,000.00 Short-term loan from directors In Baht Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At Balance, beginning of year 16,900,000.00 81,000,000.00 16,900,000.00 81,000,000.00 Addition during the rate year 55,600,000.00 181,900,000.00 1,500,000.00 181,900,000.00 Deduction during the year (69,500,000.00) (246,000,000.00) (18,400,000.00) (246,000,000.00) Balance, ending of 4.85year 3,000,000.00 16,900,000.00 - 16,900,000.00 Loan from the directors and short-term loan from related parties incurred mainly intended to utilize for the Company’s working capital and loan repaid. Loan from the directors and short-term loan from related parties are promissory notes, which carried interest rates at 5.75% p.aper annum and will be paid at call. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - The significant outstanding balance as COLLATERAL WITH RELATED COMPANIES As at September 30, 2021 and December 31, 20202018 and 2017, the Company had contingent liability from letters of guarantee issued by a bank on behalf of the subsidiary for electricity usage amounting to Baht 0.40 million. MANAGEMENT BENEFIT EXPENSES Management benefit expenses represents the benefits paid to the Company’s management, such as salaries and related benefit including the benefit paid by other means. The Company’s management is the persons who are as follows: defined under the Securities and Exchange Act. The management is comprised the managing director, deputy managing directors and senior managers. Management benefit expenses for the years ended December 31, 2018 and 2017. In Thousand BahtBaht Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 Management Management benefit expenses Short-term employee benefits 39,111,550.54 30,946,858.05 39,111,550.54 30,946,858.05 Post-employment benefits 3,677,064.00 1,192,105.00 3,677,064.00 1,192,105.00 Total 42,788,614.54 32,138,963.05 42,788,614.54 32,138,963.05 7. CASH AND CASH EQUIVALENTS In Baht Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 Cash in hand 627,000.00 437,000.00 627,000.00 437,000.00 Cash at bank - current accounts 21,505,559.50 10,647,118.21 20,689,921.06 10,521,728.22 Cash at bank - savings accounts 7,086,142.12 10,630,243.60 5,306,159.06 8,793,933.28 Total 29,218,701.62 21,714,361.81 26,623,080.12 19,752,661.50 Bank accounts are carried interest at the floating rate, which are set by the bank.
Appears in 1 contract
Samples: Finance Lease Agreement
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Limited Partnership Thailand Co-shareholder and director I-care Wellness Wellmess Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Xxxxxxx Xxxxxxxxxxx Thailand Director Xx. Xxxxxx xxxxxxxxxx Xxxxxxxxxx Thailand Director The significant transactions between the Company and its related parties and companies for the three-month and nine-month periods year ended September 30December 31, 2021 and 2020, are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period year Subsidiaries Other income - office rental Statements Pricing basis 2021 2020 2021 2020 N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 915 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 60 60 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) - - 7,429 3,120 Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 1,402 per month - - 4 4 17 17 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 1,048 757 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 12,075 per month and - - 94 72 Baht 51,401.87 51,402 per month (2020 : Baht 24,149.53 24,150 per month) - - 737 290 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 151 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 28 57 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - 988 39 Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 168,272 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 645 645 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 Land rental 2,538 2,641 Promotion expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 Interest expenses N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 750 210 540 750 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,910 130,783 52,401 91,945 130,783 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 4,317 - - - N.C. Property Management Co., Ltd. At per agreement - - 180 - Related parties In Thousand Baht Consolidated Financial Separate Financial Statements Statements Pricing basis 0000 0000 0000 2020 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 150,161 46,915 57,569 46,085 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 2,839 326 483 326 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 660 660 660 660 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 200 10 130 200 Interest expenses - short - term loans Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 - - N.C.H. 2555 Holding Co., Ltd Interest expenses - debentures At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 2020 : at the rate of 5.75% p.a.) Interest expenses - debenture 3,104 10,026 2,879 10,026 N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 2,967 - 1,292 2,967 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 108 - 47 108 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 22 - 9 22 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 43 - 19 43 - Xx. Xxxxxx Limpraphat Xxxxxxxxxx At the rate of 4.85% p.a. 9 22 - 9 22 - Xx. Xxxxxx sriprataks Mr. Xxxxxxx Xxxxxxxxxxx At the rate of 4.85% p.a. 28 22 - 28 22 - Xx. Xxxxxx xxxxxxxxxx At the rate of 4.85% p.a. 65 - 65 - The significant outstanding balance as at September 30December 31, 2021 and December 31, 2020, are as follows: In Thousand BahtBaht Consolidated Financial Statements Separate Financial Statements 2021 2020 2021 2020 Short-term loans to related parties
Appears in 1 contract
Samples: investor.ncgroup.co.th
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Director’s relative Mrs. Xxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director Director’s relative The significant transactions between the Company and its related parties and companies for the three-month and ninesix-month periods ended September June 30, 2021 2018 and 2020, 2017 are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September June 30, For the three-month periods ended September June 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 - Pricing basis 2018 2017 2018 2017 Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 5.75 % p.a. - - 5 - 652 745 Quality Living Management Co., Ltd. At the rate of 4.50 5.75 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - 40 43 Other income-interest income Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 20,000 per project - - 645 645 720 670 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 180 180 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - 9,443 19,491 9,443 19,491 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 3,196 10,721 3,196 10,721 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 - 3 - 3 Land rental expense Sap Namchai Pattana Asset Development Co., Ltd Baht 55,000 per month 165 165 165 165 Golf club membership Namchai Golf Management Co., Ltd. Market price 203 66 203 66 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 331 28 247 28 N.C.H. 2555 Holding Co., Ltd At the rate of 5.75% p.a. 3,863 4,181 3,863 4,181 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the threesix-month periods ended September June 30, For the threesix-month periods ended September June 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 Interest expenses N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Pricing basis 2018 2017 2018 2017 Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) 30 30 Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine8 8 Other income-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest interest income N.C. Property Management Co., Ltd. At the rate of 4.85 3.00 - 5.75 % p.a. - - 5 - 1,383 1,508 Quality Living Management Co., Ltd. At the rate of 4.50 3.00 - 5.75 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - 83 86 Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 20,000 per project - - 1,842 1,935 1,120 1,330 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 360 360 360 360 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - 26,062 26,742 26,062 26,742 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 7,489 20,994 7,489 20,994 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 1 5 1 5 Land rental expense Sap Namchai Pattana Asset Development Co., Ltd Ltd. Baht 55,000 per month 495 495 495 495 330 330 330 330 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 321 432 321 432 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 586 983 501 983 N.C.H 2555 Holding Co., Ltd. At the rate of 5.75% p.a. 7,776 5,326 7,776 5,326 The significant outstanding balance as at June 30, 2018 and December 31, 2017 are as follows: In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June 30, 2018 As at December 31, 2017 As at June 30, 2018 As at December 31, 2017 Short-term loan to related parties - N.C. Property Management Co., Ltd. Balance, at the beginning of the period - - 52,000 54,000 Addition during the period Deduction during the period - - - - - (52,000) - (2,000) Balance, at the end of the period - - - 52,000 - Quality Living Management Co., Ltd. Balance, at the beginning of the period - - 3,000 3,000 Addition during the period Deduction during the period - - - - - (3,000) - - Balance, at the end of the period - - - 3,000 - - - 55,000 Accrued rental - Quality Living Management Co., Ltd. - - 39 78 Accrued interest - Quality Living Management Co., Ltd. - - 82 173 - N.C. Property Management Co., Ltd. - - 7,393 6,010 - - 7,475 6,183 Account payable to related parties -Quality living Management Co., Ltd. - - 321 27 - N.C. Property Management Co., Ltd. - - 1,617 1,617 - S.C. Construction And Decoration Co., Ltd. 2 5 2 5 - Sathaporn Wattana Trading Co., Ltd. 1,953 5,444 1,953 5,444 - Precast station Co., Ltd. 31,961 36,532 31,961 36,532 - Namchai Golf management Co., Ltd. 212 - 212 - - Sap Namchai Pattana Co., Ltd 330 660 330 660 34,458 42,641 36,396 44,285 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June 30, 2018 As at December 31, 2017 As at June 30, 2018 As at December 31, 2017 - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : Ltd. Balance, at the rate beginning of 5.75% p.a.the period 276,000 - 276,000 - Addition during the period - 306,000 - 306,000 Deduction during the period (54,100) Interest expenses (30,000) (54,100) (30,000) Balance, at the end of the period 221,900 276,000 221,900 276,000 - debenture Mr. Xxxxxxx Xxxxxxxxxxxxxxx Balance, at the beginning of the period 16,900 81,000 16,900 81,000 Addition during the period 55,600 181,900 1,500 181,900 Deduction during the period (2,500) (246,000) (2,500) (246,000) Balance, at the end of the period 70,000 16,900 15,900 16,900 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx 3,217 2,631 2,071 1,569 - N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - The significant outstanding balance as Ltd. 21,192 13,416 21,192 13,416 24,409 16,047 23,263 14,985 Short-term loan from related parties Short-term loan from director Accrued interest COLLATERAL WITH RELATED COMPANIES As at September June 30, 2021 2018, the Company had contingent liability from letters of guarantee issued by a bank on behalf of the subsidiary for electricity usage amounting to Baht 0.40 million. MANAGEMENT BENEFIT EXPENSES Management benefit expense represent the benefits paid to the Company’s management, such as salaries and December 31related benefit including the benefit paid by other means. The Company’s management is the persons who are defined under the Securities and Exchange Act. The management is comprised of the managing director, 2020deputy managing directors and senior managers. Management benefit expenses for the three-month and six-month periods ended June 30, 2018 and 2017 are as follows: Management Management benefit expenses In Thousand BahtBaht Consolidated/Separate Financial Statements For the three-month periods ended June 30, 2018 2017 Short-term employee benefits 8,253 7,618 Post-employment benefits 243 298 Total 8,496 7,916 In Thousand Baht Consolidated/Separate Financial Statements For the six-month periods ended June 30, Management Management benefit expenses 2018 2017 Short-term employee benefits 16,574 15,303 Post-employment benefits 487 596 Total 17,061 15,899
Appears in 1 contract
Samples: Finance Lease Agreement
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Director’s relative Mrs. Xxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director Director’s relative The significant transactions between the Company and its related parties and companies for the three-month and nine-month periods ended September 30March 31, 2021 2019 and 2020, 2018 are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30March 31, For the three-month periods ended September 30March 31, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 - Pricing basis 2019 2018 2019 2018 Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 5.75 % p.a. - - 5 - 730 Quality Living Management Co., Ltd. At the rate of 4.50 5.75 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - 43 Other income-interest income Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 25,000 per project - - 645 645 555 400 Related parties Sale income Mr. Xxxxxxx Xxxxxxxxxxxxxxx Market price 1,348 - 1,348 - Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 180 180 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - 18,057 16,619 18,057 16,619 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 2,972 4,292 2,972 4,292 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 24 1 24 1 Land rental expense Sap Namchai Pattana Asset Development Co., Ltd Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 Interest expenses N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 000 000 000 118 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 42 255 - - 255 N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.755.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - 3,253 3,913 3,247 3,913 The significant outstanding balance as at September 30March 31, 2021 2019 and December 31, 2020, 2018 are as follows: In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December 31, 2019 31, 2018 As at March As at December 31, 2019 31, 2018 Short-term loan to related parties - N.C. Property Management Co., Ltd. Balance, at the beginning of the period - - - 52,000 Addition during the period - - - - Deduction during the period - - - (52,000) Balance, at the end of the period - - - - - Quality Living Management Co., Ltd. Balance, at the beginning of the period - - - 3,000 Addition during the period - - - - Deduction during the period - - - (3,000) Balance, at the end of the period - - - - - - - - Accrued rental - Quality Living Management Co., Ltd. - - 19 - Accrued interest - Quality Living Management Co., Ltd. - - - 83 - N.C. Property Management Co., Ltd. - - - - - - - 83 Account payable to related parties - Quality living Management Co., Ltd. - - - - - N.C. Property Management Co., Ltd. - - - 1,617 - S.C. Construction And Decoration Co., Ltd. 24 2 24 2 - Sathaporn Wattana Trading Co., Ltd. 2,532 3,220 2,532 3,220 - Precast station Co., Ltd. 35,083 35,756 35,083 35,756 - Namchai Golf management Co., Ltd. 128 100 128 100 - Sap Namchai Pattana Co., Ltd 165 660 165 660 37,932 39,738 37,932 41,355 Short-term loan from related parties - N.C.H. 2555 Holding Co., Ltd. Balance, at the beginning of the period 230,000 276,000 229,000 276,000 Addition during the period - 52,100 - 51,100 Deduction during the period (1,000) (98,100) - (98,100) Balance, at the end of the period 229,000 230,000 229,000 229,000 Short-term loan from director In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December As at March As at December 31, 2019 31, 2018 31, 2019 31, 2018 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx Balance, at the beginning of the period 3,000 16,900 - 16,900 Addition during the period - 55,600 - 1,500 Deduction during the period - (69,500) - (18,400) Balance, at the end of the period 3,000 3,000 - - Accrued interest - Mr. Xxxxxxx Xxxxxxxxxxxxxxx - - - - - N.C.H. 2555 Holding Co., Ltd. 5,542 7,145 5,542 7,142 5,542 7,145 5,542 7,142 COLLATERAL WITH RELATED COMPANIES As at March 31, 2019, the Company had contingent liability from letters of guarantee issued by a bank on behalf of the subsidiary for electricity usage amounting to Baht 0.40 million. MANAGEMENT BENEFIT EXPENSES Management benefit expense represent the benefits paid to the Company’s management, such as salaries and related benefit including the benefit paid by other means. The Company’s management is the persons who are defined under the Securities and Exchange Act. The management is comprised of the managing director, deputy managing directors and senior managers. Management benefit expenses for the three-month periods ended March 31, 2019 and 2018 are as follows: Management Management benefit expenses In Thousand Baht
Appears in 1 contract
Samples: Finance Lease Agreement
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Limited Partnership Thailand Co-shareholder and director I-care Wellness Wellmess Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Xxxxxxx Xxxxxxxxxxx Thailand Director Xx. Xxxxxx xxxxxxxxxx Xxxxxxxxxx Thailand Director The significant transactions between the Company and its related parties and companies for the three-month and nine-month periods ended September 30March 31, 2021 2022 and 20202021, are summarized as follows. In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30March 31, For the three-month periods ended September 30March 31, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 210 495 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 Xxxx Xxxx Wellness Co.,Ltd. 2022 : Baht 148,500 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) 1,804 1,436 Other income - utility charges Baht 495,000 per month 2021 : Baht 297,160 per month Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit - - 219 237 Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. 2022 : Baht 12,074.77 12,075 per month and - - 94 72 388 139 Baht 51,401.87 51,402 per month Interest income (2020 2021 : Baht 24,149.53 per month) Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 179 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 233 163 Pricing basis 2022 2021 2022 2021 - - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - 39,574 35,194 Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - 901 584 Sales - 645 645 Promotion N.C. Property Management Co., Ltd. Market price - - 191 - Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 Baht 40,000 per month I-care Wellmess Limited Partnership Baht 144,000 per month and Baht 192,000 per month - 210 - 210 432 576 - - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended March 31, For the three-month periods ended March 31, Pricing basis 2022 2021 2022 2021 Other income - utility charges I-care Wellmess Limited Partnership Electricity : Baht 5 per unit Water : Bath 17 per unit 37 36 - - Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Market price - 47,622 - 47,622 Asset Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 38,319 35,491 14,815 14,723 S.C. Construction And Decoration Co., Ltd. Market price 737 33 370 840 88 33 Land 195 her Cost Precast station Co., Ltd. Market price 160 188 - - Sathaporn Wattana Trading Co., Ltd. Market price 146 509 - - and rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 Golf olf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 Interest expenses N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - 807 10 807 10 Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - 2,892 1,425 - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 - - N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - The significant outstanding balance as at September 30, 2021 and December 31, 2020, are as follows: In Thousand BahtOt
Appears in 1 contract
Samples: investor.ncgroup.co.th
TRANSACTIONS WITH RELATED PARTIES AND COMPANIES. The Company has certain transactions with its related parties and companies. A portion of the Company’s assets, liabilities, revenues, cost and expenses arose from the transactions with the related parties and companies which are related through common shareholdings and/or directors. The effects of these transactions, which are in the normal course of business, were reflected in the accompanying interim financial statements on the basis determined by the related parties and companies. Detail of relation between the Company and its related parties and companies are summarized as follows follow : Company’s name Country of incorporation Type of relation NCH 2555 Holding Co., Ltd. Thailand Parent company N.C. Property Management Co., Ltd. Thailand Subsidiary Quality Living Management Co., Ltd. Thailand Subsidiary Xxxx Xxxx Wellness Co.,Ltd. Thailand Subsidiary S.C. Construction And Decoration Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Trading Co., Ltd. Thailand Co-shareholder and director Sathaporn Homemart (1999) Co., Ltd. Thailand Co-shareholder and director Sap Namchai Pattana Co., Ltd. Thailand Co-shareholder and director Namchai Golf Management Co., Ltd. Thailand Co-shareholder and director Namchai Property Development Co., Ltd. Thailand Co-shareholder and director Tanyacart Management Co., Ltd. Thailand Co-shareholder and director Sathaporn Wattana Transport Partnership Thailand Co-shareholder and director I-care Wellness Limited Partnership Thailand Co-shareholder Precast station Co., Ltd. Thailand Director’s relative Mr. Xxxxxxx Xxxxxxxxxxxxxxx Thailand Director Mr. Xxxxxxx Mrs. Xxxxxxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxx Director’s relative Mrs. Xxxxx Xxxxxxxxxxxxxxx Thailand Director Xx. Xxxxxx Xxxxxxxxxx Thailand Director Mr. Vorakan Dhepchalerm Thailand Director Xx. Xxxxxx xxxxxxxxxx Thailand Director Director’s relative The significant transactions between the Company and its related parties and companies for the three-month years ended December 31, 2019 and nine-month periods ended September 30, 2021 and 2020, 2018 are summarized as follows. follows :- In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 0000 0000 0000 2020 2019 2018 2019 2018 Transaction during the period year Subsidiaries Other income Quality Living Management Co., Ltd. At the rate of 5.75% p.a. - office rental - - 82,705.47 N.C. Property Management Co., Ltd. Baht 70,000 per month At the rate of 5.75% p.a. - - 210 22,212.33 1,382,504.79 her income - office rental Quality Living Management Co., Ltd. Baht 5,000 per month - - 15 15 60,000.00 60,000.00 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 297,160 per month and - - 945 891 Baht 495,000 per month (2020 : Baht 297,160 per month) Other 297,160.00 - her income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 4 4 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 300 223 Water : Bath 17 per unit Furniture rental income 16,822.44 16,822.44 Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 24,149.53 per month and - - 94 72 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) 51,303.73 - Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 28 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 311 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 32,615 - Ot Ot Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 25,000 per project - - 645 645 2,560,000.00 2,130,000.00 Related parties Sale income Mr. Xxxxxxx Xxxxxxxxxxxxxxx Market price 1,347,879.00 - 1,347,879.00 - Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and - 180 - 180 720,000.00 720,000.00 720,000.00 720,000.00 Baht 40,000 per month Construction Cost cost Precast station Co., Ltd. At per agreement 4,703 36,162 4,533 36,162 Purchase asset Sathaporn Wattana Trading Co., Ltd. At per agreement 1,005 - - - 67,121,295.88 68,064,840.00 67,121,295.88 68,064,840.00 Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 28,493 11,658 11,117 11,658 26,999,500.96 13,609,759.61 26,705,441.95 13,609,759.61 S.C. Construction And Decoration Co., Ltd. Market price 737 33 88 33 259,215.12 4,683.39 259,215.12 4,683.39 Land rental expense Sap Namchai Pattana Co., Ltd Ltd. Baht 55,000 per month 165 165 165 165 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month periods ended September 30, For the three-month periods ended September 30, Pricing basis 2021 2020 2021 2020 660,000.00 660,000.00 660,000.00 660,000.00 Golf club membership Namchai Golf Management Co., Ltd. Market price - 40 - 40 Interest expenses N.C.H. 2555 Holding Co., Ltd At the rate of MLR less 57 2,346 - 2,346 0.50% - 0.75% p.a. (2020 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Transaction during the period Subsidiaries Other income - office rental N.C. Property Management Co., Ltd. Baht 70,000 per month - - 420 - Quality Living Management Co., Ltd. Baht 5,000 per month - - 45 45 Xxxx Xxxx Wellness Co.,Ltd. Baht 148,500 per month and - - 6,526 2,229 Baht 495,000 per month (2020 : Baht 297,160 per month) Other income - utility charges Quality Living Management Co., Ltd. Baht 1,401.87 per month - - 13 13 Xxxx Xxxx Wellness Co.,Ltd. Electricity : Bath 5 per unit - - 820 528 Water : Bath 17 per unit Furniture rental income Xxxx Xxxx Wellness Co.,Ltd. Baht 12,074.77 per month and - - 642 217 Baht 51,401.87 per month (2020 : Baht 24,149.53 per month) In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, Pricing basis 0000 0000 0000 2020 Interest income N.C. Property Management Co., Ltd. At the rate of 4.85 % p.a. - - 5 - Quality Living Management Co., Ltd. At the rate of 4.50 % p.a. - - 29 - Xxxx Xxxx Wellness Co.,Ltd. At the rate of 4.50 % p.a. - - 740 - Construction Cost N.C. Property Management Co., Ltd. At per agreement - - 106,867 - Management fee Quality Living Management Co., Ltd. Minimum Baht 45,000 per project - - 1,842 1,935 Related parties Other income - office rental Precast station Co., Ltd. Baht 20,000 per month and 210 540 210 540 Baht 40,000 per month Construction Cost Precast station Co., Ltd. At per agreement 52,749 91,945 52,401 91,945 Purchase asset Precast station Co., Ltd. At per agreement 1,224 - - - Sathaporn Wattana Trading Co., Ltd. At per agreement 3,858 - - - Purchase construction materials Sathaporn Wattana Trading Co., Ltd. Market price 109,245 28,463 40,809 28,463 S.C. Construction And Decoration Co., Ltd. Market price 2,487 121 283 121 Land rental expense Sap Namchai Pattana Co., Ltd Baht 55,000 per month 495 495 495 495 Golf club membership Namchai Golf Management Co., Ltd. Market price 10 130 10 130 180,000.00 580,000.00 180,000.00 580,000.00 Interest expenses Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 5.75% p.a. 56 72 164,465.73 1,107,906.82 - - 501,494.52 N.C.H. 2555 Holding Co., Ltd Ltd. At the rate of MLR less 3,047 8,002 2,879 8,002 0.50% - 0.75% p.a. (2021 : at the rate of 5.75% p.a.) Interest expenses - debenture N.C.H. 2555 Holding Co., Ltd At the rate of 4.85% p.a. 1,292 - 1,292 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 47 - 47 - Mr. Xxxxxxx Xxxxxxxxxxxxxxx At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx Xxxxxxxx At the rate of 4.85% p.a. 19 - 19 - Xx. Xxxxxx Limpraphat At the rate of 4.85% p.a. 9 - 9 - Xx. Xxxxxx sriprataks At the rate of 4.85% p.a. 28 - 28 - 13,172,541.10 14,921,234.25 13,165,924.66 14,918,398.63 The significant outstanding balance as at September 30, 2021 and December 31, 2020, 2019 and 2018 are as follows: follow:- In Thousand BahtBaht Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 Short-term loan to related parties - N.C. Property Management Co., Ltd. Balance, beginning of year - - - 52,000,000.00 Addition during the year - - 6,000,000.00 - Deduction during the year - - (6,000,000.00) (52,000,000.00) Balance, ending of year - - - - - Quality Living Management Co., Ltd. Balance, beginning of year - - - 3,000,000.00 Addition during the year - - - - Deduction during the year - - - (3,000,000.00) Balance, ending of year - - - - - - - - Accrued rental - Quality Living Management Co., Ltd. Accrued utility charges - Xxxx Xxxx Wellness Co.,Ltd. - - - - - 19,255.00 - - Accrued interest - Quality Living Management Co., Ltd. - - - 82,705.47 - N.C. Property Management Co., Ltd. - - - - - - - 82,705.47 Payable to related persons and parties - Quality Living Management Co., Ltd. - - 69,550.00 -
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Samples: investor.ncgroup.co.th
