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Annual Report 2014
154
1.99 - 2.77 2.15 - 2.77 1,271,314 1,246,000
Short-term borrowings from subsidiaries
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. The
interest rate on the loan is reference to the return one-year bond (the interest rate may be revised as appropriate).
Movements of short-term borrowings from subsidiaries for the years ended 31 December 2014 and 2013
were as follows:
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 in 2014 of Baht
90 million (2013: Baht 90 million).
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 (Foundation) and appointed
the members of the Board of Governors as directors
of the Board of the Foundation. 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 Foundation for its social activities.
The Foundation was registered and incorporated
Short-term borrowings from subsidiaries
2014
2014
2013
2013
Interest rate (% per annum)
SET
2014
2013
SET
on 9 August, 2006 with the objective of conducting
activities for the development of society, communities
and the environment. The Foundation’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, 2014, the SET
appropriated its annual revenues over expenses of
THB 547.22 million (2013: Baht 561.63 million) to
the Foundation.
Directors’ remuneration
The directors’ remuneration represents director
fees and compensation fees for the Group’s board of
directors and other sub-committees.
Subsidiaries
Opening balance
Additions
Repayments
Closing balance
1,246,000
395,314
(370,000)
1,271,314
1,035,400
400,000
(189,400)
1,246,000
(Unit: Baht’000)
(Unit: THB’000)