Page 162 - Anual report STi 2022_eng

Transaction (Million Baht)

Persons/juristic persons For the year For the year Necessity and Suitability
Relationship
who may have conflicts characteristics Item Characteristics Ended Ended of Related Party Transactions
of interest December 31, December 31, Opinion of the Audit Committee
2021 2022

9. Frasers Property There are common Service Income Necessity and Suitability
(Thailand) Company directors with the - Income from 0.88 - In 2021, the Group provided

Limited parent company consulting and services for the Endeavour projects
of Univentures project management with service contracts that had
Capital Company normal business conditions. Upon
Limited. comparison with similar projects

that provided services to others,
it was found that the gross profit
margin was similar.
Opinion of the Audit Committee
The aforementioned transaction is
a normal business transaction of

the Company Group with fair prices
and conditions comparable to
those of other parties who are not
connected (arm's length basis).

10. One Bangkok There are common Service Income Necessity and Suitability
Company Limited directors with the - Income from 161.67 212.40 The Group provided services for

(Formerly known as parent company consulting and a total of 6 projects with service
Kasemsubvadhana of Univentures project management contracts that had normal business
Company Limited) Capital Company - Income from 3.35 1.74 conditions and a gross profit margin
Limited. architectural design that was similar to comparable
- Income from 5.77 4.13 projects.

engineering design Opinion of the Audit Committee
- Trade receivables 17.10 22.34 The aforementioned transaction is
- Unbilled receivables 61.53 60.29 a normal business transaction of
- Service income 0.56 - the Company Group with fair prices
received in advance and conditions comparable to
- Other payables 1.54 1.54 those of other parties who are not

connected (arm's length basis). For
projects or segments that cannot
be compared, the projected gross
profit margin upon accepting a job

is higher than the minimum gross
profit margin specified.

160 Annual Report 2022 (56-1 One Report)