Page 89 - Annual Report English 2018

Tycoons Worldwide Group (Thailand) Plc.

(Unit: Million Baht)
Consolidated/Separate
financial statements Pricing policy

2018 2017
Purchases of raw materials 8 - With reference to market price

As at 31 December 2018 and 2017, the balances of the accounts between the
Company and those related parties are as follows:
(Unit: Thousand Baht)
Financial
statements in
which equity
method is applied/ Consolidated/
Separate financial Separate financial
statements statements
2018 2017
Trade receivables - related parties (Note 8)
Ultimate parent company 304,426 178,752
Associated company 58,246 63,782
Related company (related by common shareholder) 40,447 58,895
Total trade receivables - related parties 403,119 301,429

Other receivables - related parties (Note 8)
Associated company 3,420 1,605
Related company (related by common shareholder) 3,270 -
Total other receivable - related parties 6,690 1,605

Trade payables - related parties (Note 17)
Ultimate parent company 7,260 17,005
Parent company 268,500 -
Associated company 202,218 68,047
Total trade payables - related parties 477,978 85,052

Other payable - related party (Note 17)
Ultimate parent company 318 37
Total other payable - related party 318 37

Directors and management’s benefits

During the years ended 31 December 2018 and 2017, the Group had employee benefit
expenses of their directors and management as below.

(Unit: Million Baht)
Consolidated/Separate

79