Page 129 - Microsoft Word - One-Report-Eng 2024 Final.docx

Tycoons Worldwide Group (Thailand) Plc.

6. Related party transactions

During the years, the Group had significant business transactions with related parties. Such
transactions, which are summarised below, arose in the ordinary course of business and were
concluded on commercial terms and bases agreed upon between the Group and those related parties.
(Unit: Million Baht)

Consolidated Separate
financial statements financial statements Pricing Policy
2024 2023 2024 2023
Transactions with parent company
Sales - 59 - 59 With reference to market price
Purchases of goods 41 82 41 82 With reference to market price
Purchases of equipment 5 4 5 4 Contract price
Transactions with associate company
Sales 138 117 138 117 With reference to market price
Transactions with related companies
Sales 189 153 181 153 With reference to market price
Purchases of goods 928 1,602 875 1,602 With reference to market price
Purchases of property, plant and
equipment 109 - - - Contract price
As at 31 December 2024 and 2023, the balances of the accounts between the Group and those related

parties are as follows.
(Unit: Thousand Baht)
Consolidated Separate
financial statements financial statements
2024 2023 2024 2023
Trade receivables (Note 8)
Associate 2,957 - 2,957 -
Related company (related by common shareholder) 4,346 17,235 - 17,235

Total 7,303 17,235 2,957 17,235
Other receivables (Note 8)
Related company (related by common shareholder) 57 1,026 57 1,026
Total 57 1,026 57 1,026
Trade payables (Note 17)
Parent company 3,684 5,675 3,684 5,675
Total 3,684 5,675 3,684 5,675
Other payables (Note 17)
Parent company 437 284 437 284
Related company (related by common shareholder) 70 - 70 -
Total 507 284 507 284
Advance received from customers
Parrent company 88,244 - 88,244 -
Total 88,244 - 88,244 -

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