206
Annual Report
2013
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
Notes to the financial statements
85
Development Support Services Agreement
On 23 March 2011, the Company entered into a Development Service Agreement with Wind Energy
Holding Company Limited, whereby the Company provides support, capital planning and financial
advice to First Korat Wind Company Limited and K.R.TWO Company Limited, associate entities.
The Company will receive a service fee for such service after completion of construction of wind
power plant by such associate entities.
Forward contracts
As at 31 December 2013, Ratchaburi Electricity Generating Company Limited, a subsidiary had
outstanding forward contracts with a branch of foreign bank to buy U.S.Dollars 15 million in
exchange of Baht 484.2 million.
As at 31 December 2013, RH International (Singapore) Corporation Ltd., an indirect subsidiary had
outstanding forward contracts to sell U.S.Dollars 15 million in exchange of Baht 488.7 million.
Letter of Guarantee
As at 31 December 2013, the Company and subsidiaries had a commitment from letter of guarantee
issued by a financial institution on behalf of the Company, subsidiaries and jointly-controlled entities
for guarantee of compliance with agreement conditions to operate the business in the amount of Baht
93.01 million.
(As at 31 December 2012: Baht 1,084.42 million).
Capital commitment
As at 31 December 2013, the Company had outstanding capital commitments amounting to Baht 4.48
million
(31 December 2012: Baht 2.32 million).
As at 31 December 2013, Hongsa Power Company Limited, which is the Company’s jointly-
controlled entity, had outstanding capital commitment under powerhouse, dam,
water pipeline
construction and other service agreement, which is not recognised in the consolidated financial
information amounting to Baht 20,348.50 million and U.S. Dollars 270.59 million
(As at 31 December
2012: Baht 21,351.13 million and U.S. Dollars 481.05 million).
As at 31 December 2013, Ratchaburi World Cogeneration Company Limited, a jointly-controlled
entity, had outstanding capital commitment under Technical Consulting Agreement and Construction
Agreement for a Power Plant Project of Baht 395.18 million and U.S. Dollars 26.38 million
(As at 31
December 2012: Baht 757.54 million and U.S. Dollars 61.36 million).
As at 31 December 2013, Xe-Pian Xe-Namnoy Power Company Limited, a jointly-controlled entity,
had outstanding capital commitment under Technical Consulting Agreement and Construction
Agreement for a hydroelectric power plant Project and other service agreement of U.S. Dollars 178.07
million
.
Pledge of share agreement
The Group/Company has pledged all of the share certificates of Ratchaburi Power Company Limited,
Hongsa Power Company Limited, Solarta Company Limited, Solar Power (Korat 3) Company
Limited, Solar Power (Korat 4) Company Limited and Solar Power (Korat 7) Company Limited,
jointly-controlled entities, as collateral for loans from such jointly-controlled entities.
otes to the financial statements
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
