Page 165 - 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
15. TRA Land The major Service Income Necessity and Suitability
Development shareholders - Income from 5.87 6.87 The Company Group provided services

Company Limited of the Group consulting and project for The Samut Prakan 4.0 (SP 4)
have common management project with a service contract that
directors with the - Other service income 3.83 - had normal business conditions and a
parent company - Trade receivables - 0.37 gross profit margin that was similar to
of Univentures - Unbilled receivables 9.70 5.70 comparable projects.
Capital Company Opinion of the Audit Committee
Limited. 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). 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.

16. N.C.C. Management There are Service Income Necessity and Suitability
and Development common - Income from 23.25 3.55 The Group provided services for the

Company Limited directors with the consulting and project Queen Sirikit National Convention
parent company management Center renovation project with a
of Univentures - Income from 2.16 2.16 service contract that had normal
Capital Company architectural design business conditions and a gross profit
Limited. - Trade receivables 2.79 2.90 margin that was similar to comparable
- Unbilled receivables 15.05 5.43 projects.
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). 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.

Stonehenge Inter Public Company Limited 163