Page 169 - 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

3. South East Capital There are common Lease Liabilities and Necessity and Suitability
Company Limited directors with the Operating Leases The Company Group has entered
parent company Related to Vehicle into a vehicle lease agreement
with Southeast Capital Company
of Univentures Rental
Limited for a period of 60 months
Capital Company - Financial cost 0.06 0.04
under normal business conditions.
Limited. - Liabilities under lease 1.47 0.99
The vehicle rental rate is similar
agreements to the standard rate of Southeast

Capital Company. This lease has
been recorded as a lease liability of
the Company Group in accordance
with the adoption of the financial
reporting standards No. 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.

Insurance Service

4. South East Life There are common Employee Group Necessity and Suitability
Insurance PCL directors with the Accident Insurance The Company Group has an annual
parent company - Administrative 1.39 1.08 employee group accident insurance

of Univentures expenses policy with Southeast Life Assurance
Capital Company - Other receivables 0.65 0.55 Public Company Limited. When
compared to offers from other
Limited. insurers for the same amount of

coverage, it is found that Southeast
Life Assurance Public Company
Limited offers lower premium rate.
Opinion of the Audit Committee
The transaction is a normal
business support transaction of the
Company Group with reasonable
premium rates and appropriate
conditions, in accordance with
normal trade practices.

Stonehenge Inter Public Company Limited 167