Page 369 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

Persons or Companies Transaction value (Baht : Million) Necessity and
Audit Committee’s
which may have rationale of
conflict of interest Transaction 2019 2020 2021 transactions Opinion
1.1 Rental land, building, and space in building and other services expense (Cont.)

COL Group: Rental and 9.85 13.35 1.16 Business units lease Transac tions are
service buildings from COL Group leasing properties
(CRC group acquired COL expenses to be warehouses and rent transac tions for
Group as subsidiaries in space in buildings from bussiness operation
February 2021. Therefore, COL Group to arrange of the Group. Rates
in 2 021, there were events. Rental rates are of rental are agreed
transactions in January 2021 agreed with market prices between parties which
only.) or lower than market are comparable with
prices. market prices or lower
than market prices. As
a result, transactions
are reasonable and
beneficial to the Group.
Other related companies Rental and 4.03 2.09 1.59 Business units rent space Transac tions are
Group: service in building and land for business supp or t
expenses short-term period of 3 transactions of the
− Sapsaimanee Company years. Rental rates are Group. Rates of rental
Limited comparable to market are c omp arable
− Terra Cottage Company price of nearby areas. with market prices.
Limited Therefore, transactions
are reasonable and
beneficial to the Group.
1.2 Rental land, building, and space in building and other services income
HCDS Group: Rental and 81.14 67.13 73.25 HCDS Group lease spaces Other related companies
− Harng Central service in buildings for offices Group lease buildings
Department Store Limited income and restaurant business from business units to
− C.D.S. Restaurant from many business units. launch branches for
Company Limited Lease agreements are restaurant and car
− Tiang Chirathivat short-term period which care. Lease agreements
Company Limited are not more than 3 years. are short-term period
− Central Embassy Hotel Rental rates and conditions which are not more
Company Limited are comparable with than 3 years. Rental
− Overseas Fashions Joint nearby area or do not rates and conditions
Stock Company cause any disadvantages are comparable to other
− Central People to the Group. nearby tenants.
Development Center
Company Limited
− Central JD Commerce
Company Limited
− Central Insurance Services
Company Limited
− The 1 Central Company
Limited
− Frederick World Sales
Company Limited
− Peter and Jinnie
Company Limited
− Illum A/S
− KaDaWe Group GmbH
− Lagrange Estate S.R.L.
− Rina Estate Italia S.r.l.
− Central Garment Factory
Company Limited
− Teenee Wongsawang
Company Limited

Annual Report 2021 (Form 56-1 One-Report) 369