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Movements of short-term borrowings from subsidiaries for the years ended 31 December 2012 and 2011 were as follows:
(Unit : Baht’000)
SET
2012 2011
Subsidiaries
Opening balance 559,400 530,400
Additions 561,000 29,000
Repayments (85,000) -
Closing balance 1,035,400 559,400
Sponsorship for jointly-controlled entity
Under the shareholder agreement between the SET and a company, the SET will be a principal sponsor of a jointly-controlled
entity’s program by a limited amount not exceeding Baht 214 million per annum for a period of three years starting from 1 January
2010. The SET sold its entire assets in studio units to its jointly-controlled entity at the net book value as at 31 December 2009 and
also offered a soft loan for payment for the assets for a period of two years exempting the repayment of principal for the first year.
The loan bears interest at the average one-year fixed deposit rate of four major banks plus 2%. The principal portions of 25% and 75%
will be due for repayment in the first and second years, respectively, from the date on which the jointly-controlled entity receives all of
the studio units from the SET. As at 31 December 2011, the SET had received all loan amount.
Contributions to the Stock Exchange of Thailand Foundation
In 2006, the Board of Governors of the SET approved the establishment of the Stock Exchange of Thailand Foundation (SOF) and
appointed the members of the Board of Governors as directors of the Board of the SOF. In addition, the Board of Governors of the SET
approved the appropriation of one-third of annual revenues over expenses of the SET to the SOF for its social activities.
The SOF was registered and incorporated on 9 August 2006 with the objective of conducting activities for the development of
society, communities and the environment. The SOF’s activities focus on developing a vigorous Thai society and communities in order
to prevent and resolve problems relating to addictive drugs and other problems affecting Thai youth and Thai society. In addition, the
activities support projects and programmes relating to education.
For the year ended 31 December 2012, the SET appropriated its annual revenues over expenses of Baht 453.63 million (2011:
Baht 358.94 million) to the SOF.
Directors’ remuneration
The directors’ remuneration represents director fees and compensation fees for the Group’s board of directors and other sub-committees.
The directors’ remuneration for the year ended 31 December 2012 amounted to Baht 19.61 million (2011: Baht 18.74 million).
7. Cash and cash equivalents
(Unit : Baht’000)
Consolidated SET
2012 2011 2012 2011
Cash on hand 352 562 336 546
Savings and current accounts 740,983 318,931 490,294 221,435
Fixed deposit accounts 299,339 45,150 279,237 -
Bills of exchange 5,000 - - -
1,045,674 364,643 769,867 221,981