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120 Annual Report 2012
Related party balances as at 31 December 2012 and 2011 were as follows:
(Unit : Baht’000)
Consolidated SET
2012 2011 2012 2011
Accounts receivable
Jointly-controlled entity 352 596 352 596
Accrued income
Subsidiaries - - 163,563 343,481
Jointly-controlled entity 427 411 427 411
Associates 101 - - -
528 411 163,990 343,892
Other current assets
Subsidiaries - - 133 -
Jointly-controlled entity 96 17 5,969 4,459
96 17 6,102 4,459
Payables and accrued expenses
Payables
Jointly-controlled entity 275 258 275 258
Accrued expenses
Subsidiaries - - 163 158
Jointly-controlled entity 14,764 13,867 14,764 13,867
14,764 13,867 14,927 14,025
15,039 14,125 15,202 14,283
Other current liabilities
Subsidiaries 23 39 23 39
Short-term borrowings from subsidiaries
(Unit : Baht’000)
Interest rate (% per annum) SET
2012 2011 2012 2011
Short-term borrowings from subsidiaries 2.50 2.00 1,035,400 559,400
The Group uses a policy to centrally manage its investments through the SET to maximise its efficiency and overall returns.
Investments from subsidiaries represent loans in the form of one-year promissory notes, which bear interest at the rate for deposits
set by financial institutions (the interest rate may be revised as appropriate).