RATCH Annual Report 2013 - page 150

150

Annual Report

2013

Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries

Notes to the financial statements

Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax

liabilities and assets, and they relate to income taxes levied by the same tax authority on the same

taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a

net basis or their tax assets and liabilities will be realised simultaneously

A deferred tax asset is recognised to the extent that it is probable that future taxable profits will be

available against which the temporary differences can be utilised. Deferred tax assets are reviewed at

each reporting date and reduced to the extent that it is no longer probable that the related tax benefit

will be realised.

(s) Basic earnings per share

Basic earnings per share is calculated by dividing the profit or loss attributable to ordinary

shareholders of the Company by the weighted average number of ordinary shares outstanding during

the year.

(t) Segment reporting

Segment results that are reported to the chief operating decision maker include items directly

attributable to a segment as well as those that can be allocated on a reasonable basis.

5 Related parties

For the purposes of these financial statements, parties are considered to be related to the

Group/Company if the Group/Company has the ability, directly or indirectly, to control or joint

control the party or exercise significant influence over the party in making financial and operating

decisions, or vice versa, or where the Group/Company and the party are subject to common control or

common significant influence. Related parties may be individuals or other entities.

Relationships with related parties were as follows:

Name of entities

Country of

incorporation

/nationality

Nature of relationships

Electricity Generating Authority of

Thailand

Major shareholder, some common

directors

Ratchaburi Electricity Generating

Thailand

Subsidiary, 99.99% shareholding,

Company Limited

some common directors

Ratchaburi Energy Company Limited

Thailand