Page 167 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Connected Transactions
Characteristics of connected transactions
For the 12-month period ending March 31, 2025, March 31, 2024 and March 31, 2023, the Company entered into connected transactions with related companies as summarized below:
Type of connected transactions
Thousand Baht
Mar 31, 25
Mar 31, 24
Mar 31, 23
Sales
3,516,854
2,471,192
4,847,215
Purchases
601,526
190,190
391,472
Other expenses
78,331
58,542
36,380
Purchase assets
1,099
-
-
Trade receivables
747,543
244,530
322,080
Other receivables
137
47
45
Trade payables
167,595
-
8,594
Other payables
2,108
2,299
2,203
Accrued expenses
64,788
58,022
35,014
Refer “Notes to the Consolidated and Separate Financial Statements” No. 33: Related party transactions, for details of connected transactions. Details of each connected transaction are as follows:
Details of sales with related parties
Thousand Baht
Name of Company
Type of Business
Relationship
Amount of Connected Transactions
Mar 31, 25
Mar 31, 24
Mar 31, 23
1. The Siam Industrial Wire Co., Ltd.
Manufacturer of Steel Wire
Same group of shareholders
543,588
489,366
1,409,118
2. Tata Steel Limited
Manufacturer of Steel
Ultimate parent company
2,193,446
840,495
1,250,855
3. TSN Wires Co., Ltd.
Manufacturer of galvanized steel wire
Same group of shareholders
158,760
229,799
183,130
4. Tata International Metals Asia Ltd.
Trading
Same group of shareholders
246,215
489,299
1,990,390
5. Tata International Metals Americas Ltd.
Trading
Same group of shareholders
374,845
422,233
13,722
Total inter-company sale transactions
3,516,854
2,471,192
4,847,215
56-1 One Report 2024-25 165