RATCH Annual Report 2013 - page 219

Ratchaburi Electricity Generating Holding PCL.
219
1.1.17 Service Agreement with Nam Ngum
2 Power Co., Ltd.
In 2013, service income is Baht
25.00 million
Nam Ngum 2 Power
Co., Ltd.
(agreement signed
on 26 May 2006)
Nava Nakorn
Electricity
Generating Co., Ltd.
(agreement signed
on 1 Jul 2012)
Nava Nakorn
Electricity
Generating Co., Ltd.
(agreement signed
on 1 Jul 2012)
Ratchaburi World
Cogeneration
Co., Ltd.
Nam Ngum 2 Power Co., Ltd. has
a service agreement with the
Company. The Company receives
service fee quarterly.
Nava Nakorn Electricity Generating
Co., Ltd. requested the Company
to provide the service as the
Company has experts in this area.
Service is charged at market rate .
The Company leased out office
space covering 125 square metres
and provide other services in
the premise, including computer
network and telephone system. The
service contract last for 36 months.
(starting from 1 Jan 2013-31 Dec
2015)
Ratchaburi World Cogeneration
Co.,Ltd. requested for the
Company to provide the service
and the Company has experts
with the required skills. Service
charge is based on market rate
plus other service expense which
is charged at actual cost.
1.1.18 Providing service by secondment
3 executives to take position as
Managing Director, Deputy to
Managing Director and Manager at
Nava Nakorn Electricity Generating
Co., Ltd.
In 2013, service income is Baht
9.11 million
As at 31 Dec 2013 other account
receivables – accrued service is
Baht 1.76 million
1.1.19 Leasing office space and other
services in the premise
income in 2013 is Baht 1.40 million
As of 31 Dec 2013, accrued income
– accrued service is Bat 0.04million
1.1.20 Providing secondment service by
assigning representatives to be
the Deputy Managing Director,
Finance and Administration Director,
manger and employees
As of 2013, service income is Baht
7.02 million
As at 31 Dec 2013, other account
receivables – accrued income is
Baht 1.76 million
25.00
9.11
1.40
7.02
Connected Transactions
Related Parties
Value
(Million baht)
Necessities
and Reasons
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