Page 168 - Anual report STi 2022_eng

Transaction (Million Baht)
Persons/juristic persons Relationship For the year For the year Necessity and Suitability
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

2. S.A. Auto Company It is a business Office Building Lease Necessity and Suitability
Limited with common - Administrative 0.57 0.60 The Company Group entered into
shareholders expenses a three-year rental agreement
st
and directors. - Financial cost 1.36 1.22 for certain areas on the 1 and
nd
- Liabilities under lease 32.12 28.65 2 floor of the building located at
agreements No. 123 Soi Chokchai Ruammit
- Other payables 0.05 0.05 (Ratchada 19), Ratchadaphisek
Road, Din Daeng Sub-District, Din

Daeng District, Bangkok. The rental
contract has rental rates similar to
those of the building at No. 163 Soi

Chokchai Ruammit (Ratchada 19),
Ratchadapisek Road, Din Daeng
Sub-district, Din Daeng District,
Bangkok, which is the main office
building of the Company rented

from another person.The said lease
was recorded as a lease liability of
the Group in accordance with the

adoption of TFRS 16 on leases.
Opinion of the Audit Committee
The aforementioned transaction is a
normal business support transaction
of the Company Group with a

reasonable rental rate and normal
trading conditions.

166 Annual Report 2022 (56-1 One Report)