Page 228 - Thailand Post Annual Report 2024

Part 1
Overview of the Organization
Part 2
Business Trends
Part 3
Business Model
Part 4
Strategies and Resource Allocation
Part 5
Risk
Part 6
Corporate Governance
Part 7
Operating Results
Part 8
Other Information
Social Accounting
Report on Public Service Obligation for the year 2023
Thailand Post Company Limited has main duty and responsibility for operating postal business and providing effective services to respond to all needs of businesses and people at all levels with the capacity of postal network linking more than 10,000 post offices in Bangkok Metropolitan Area and Regional Areas. Although some areas may generate low income, THP still organizes service units to allow people to access to the services equally. Moreover, some types of services are public services of which postage and fee rates are strictly defined by Postal Act, B.E. 2477 (1934), such as letters, postcards, printed matters, and literature for the blind, making the income from services fees lower than the
Table of Public Service Obligation for the year 2023
operating costs. These are the hidden costs that cause the overall profit of THP lower than it should be since THP is required to compensate for the burden of Public Service Obligation.
Domestic basic postal services which are included in Public Service Obligation under the Regulations of the Office of the Prime Minister Re : Subsidization of Public Services of State Enterprises, B.E. 2554 (2011) currently consist of 6 services namely : Letter, Postcard, Printed matter, Postal parcel, Ordinary money order and Literature for the blind, as described below.
Unit : million baht
No.
Domestic service
Revenues
Cost
PSO
1
Letter
2,698.73
3,534.17
(835.44)
2
Postcard
4.29
33.57
(29.28)
3
Printed matter
207.84
281.24
(73.40)
4
Postal parcel
146.61
179.37
(32.76)
5
Ordinary money order
4.79
5.71
(0.92)
6
Literature for the blind
-
-
-
Total
3,062.26
4,034.06
(971.80)
* Remark As the preparation of report on Public Service Obligation (PSO) for the year 2024 will be completed in the period between June - August 2024, the data shown is for the year 2023.
Value Added Chart 2024
Corporate Income Tax
92.50%
Personnel Expense
12,421.29 million baht
7.24% Public Service Obligation (PSO) 971.80 million baht
0.26%
Contributions to the state (dividend)
35.35 million baht
226 Thailand Post Company Limited