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148 Annual Report 2012
31.2.2 Subsidiaries
During 2009, a subsidiary of the SET was named in a civil lawsuit as joint defendant (together with other
individuals and juristic persons/entities) for alleged wrongful acts. The plaintiff is seeking compensation for alleged damages relating
to the forgery of ordinary share certificates and for the defendants to be jointly responsible for compensation totalling Baht 223 million.
In 2011, the civil court has considered the dismissal of the case. The outcome of the case has not presently been finalised and it’s
under the appeal of the plaintiff. The management of the subsidiary has assessed the current status of the litigation and anticipates
that the case will not give rise to any significant loss to the subsidiary. Therefore, the subsidiary has not recorded any potential losses
in the financial statements for the years ended 31 December 2012 and 2011.
The Group is a defendant in various pending legal cases with third parties from normal operations. In the opinion
of management, after taking appropriate legal advice, the anticipated outcome is that these legal cases will not give rise to any
significant losses.
32. Loss from written-off fire damaged assets
On 19 May 2010, the Stock of Exchange building was fire damaged as a result of political demonstrations and part of the
building and some office equipment were damaged.
As at 31 December 2010, the Group has recognised the net book value of damaged assets of Baht 22.9 million and Baht 22.1
million in the consolidated and the SET’s financial statements, respectively.
The Group has all risk insurance covering the building and office equipment and is currently under the claim process with
the insurance company (Note 31.1). The Group has not recognised the revenue in the financial statements for 2012 and 2011.