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EN_Tipco_Annual Report 2014

TIPCO FOODS PUBLIC COMPANY LIMITED PAGE 120/ 121 Person or Related Parties Type of Transactions The Relationship Policies of Price Setting Rattanajit Co., Ltd. Siamcontainer Transport Co., Ltd. Suratt Bittumen Co., Ltd. Bitumen Marine Co., Ltd. Thai Bitumen Co., Ltd. Tasco Shipping Co., Ltd. Vital Well Co., Ltd. Tipco Maritime Co., Ltd. Alpah Maritime Co., Ltd. Co-directors Holding by directors Co-directors Co-directors Co-directors Co-directors Co-directors Co-directors Co-directors 4.2. The company and its subsidiaries’s policy about the price charge to the related parties are as follows: Transactions between the company and its subsidiaries - Sales and services to the subsidiary companies - Sales and services from the subsidiary companies Transactions related to the company, its subsidiaries with the related parties Cost plus contribution margin Cost plus contribution margin Market price The financial statements included related party transactions by considering the following: intercompany shareholding or the same group of shareholders, directors or management team. Besides, the related parties are considered when one of parties has the ability to control the other party or can exercise significant influence over the other party in making financial and operating decisions. Some part of the Company’s assets, liabilities, revenues and expenses arose from transaction with the persons and related parties. The effects of these transactions are reflected in the accompanying financial statements on the basis determined by the normal business. The related party transaction are as follows :


EN_Tipco_Annual Report 2014
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