158
Annual Report
2013
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
Notes to the financial statements
37
Unearned revenue and accrued
expenses-related parties
Consolidated
financial statements
Separate
financial statements
2013
2012
2013
2012
(in thousand Baht)
Related party
Transfield Services Limited
-
79,641
-
-
Total
43,929
123,182
16,004
15,451
Long-term loans from
related party
Interest rate
Consolidated
financial statements
Separate
financial statements
2013 2012
2013
2012
2013
2012
(% per annum)
(in thousand Baht)
Transfield Services Limited
8.112
14.50 1,186,297 1,358,280
-
-
Less
current portion
within one year
-
-
-
-
Long-term loans from related parties - net
1,186,297 1,358,280
-
-
Movements during the years ended 31 December 2013 and 2012 of long-term loans from related
parties were as follows:
Long-term loans from
related party
Consolidated
financial statements
Separate
financial statements
2013
2012
2013
2012
(in thousand Baht)
At 1 January
1,358,280
4,200,947
-
-
Increase from conversion of accrued
interest to loan
-
15,070
-
-
Decrease
(58,170)
(2,846,770)
-
-
Exchange rate adjustment
(113,813)
(10,967)
-
-
At 31 December
1,186,297
1,358,280
-
-
Significant agreements with related parties
Short-term loans to related parties
As at 31 December 2013, the Company had outstanding balance of loan to Ratchaburi Electricity
Generating Company Limited, a subsidiary, amounting to Baht 3,360 million which bear interest at the
rate of 4.50% per annum and will be due in the 1st Quarter of 2014.
The Company granted loan to Xe-Pian Xe-Namnoy Power Company Limited, a jointly-controlled
entity, amounting to U.S. Dollars 10.33 million, in the proportion of investment of 25%, or equivalent
to Baht 318.84 million which bear interest at the rate of 7.00% per annum. The loan agreement
determines the repayment term of principal and interest upon the loan approval date from the financial
institutions of the jointly-controlled entity. During 2013, the shareholders of such jointly-controlled
entity approved to call for paid-up share capital by converting such loan and it accrued interest
receivable to share capital of such entity.
Notes to the financial statements
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
