Page 166 - 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
17. South East Life There are common Service Income Necessity and Suitability
Insurance PCL directors with the - Income from 7.34 2.59 The Group provides construction

parent company consulting and project management and supervision services
of Univentures management for the Southeast Building project with
Capital Company - Trade receivables 0.65 - a service contract that has normal
Limited. - Unbilled receivables 3.52 3.08 business conditions and a gross profit
margin that is similar to comparable
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.

164 Annual Report 2022 (56-1 One Report)