Page 192 - BTSGroup ONE REPORT 2021/22_EN

190 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l

Transaction Value (THB million)
Related Party and
Description Rationale and Necessity
Nature of Relationship 2021/22 2020/21 2019/20
• The only asset of EGV Co., Ltd. is its ITV Public
Company Limited shares, which were pledged as
collateral to the Company’s financial institution
creditor at no cost. Therefore, the Company will
proceed to have EGV Co., Ltd. transfer these
shares to the Company for debt settlement when
the Company transfers assets and cash collateral to
repay its debt to such financial institution creditor.
• Transactions for the year consisting of:
Interest income - 0.1 0.1
Allowance for doubtful debt - (0.1) (0.1)
• Outstanding balances consisting of:
Loans - 4.0 4.0

HHT Construction Co., Ltd. 1) HHT has entered into an agreement for the earth • As the COVID-19 pandemic has
(“HHT”) and K.V.S.A Holding filling of the Sathupradit Land Development project, impacted Thailand’s economics,
Co., Ltd. having a total area of approximately 6,900 square as well as HHT, the entry into
• HHT is a subsidiary of the meters, with K.V.S.A Holding Co., Ltd. starting from the agreements helped to reduce
Company. 18 October 2021 to 17 December 2021, with the total HHT’s personnel cost and reduce
value of Baht 8.41 million (excluding VAT). its financial cost and financial
• Mr. Kavin Kanjanapas, the
Executive Director, Chief • Transactions for the year consisting of: risk since such earth filling and
Executive Officer, and Service expenses 8.41 - - piling services agreements provide
favorable terms and conditions
Chief Officer of MATCH • Outstanding balances consisting of: to HHT, for example, a shorter
Business, has held 4.59% Other receivables 8.41 - - term of payment, exemptions
of the total numbers of of the advance payment bond
shares having voting 2) HHT has entered into an agreement for the piling and performance bond, etc. The
rights of the Company as services of the Sathupradit land development project, consideration is a fair rate and
of the book closure date having a total area of approximately 6,900 square comparable with the market price.
of 31 March 2022. meters, with K.V.S.A Holding Co., Ltd. starting from 1
February 2022 to 16 April 2022, with the total value of
Baht 6 million (excluding VAT).