Page 370 - 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
1.2 Rental land, building, and space in building and other services income (Cont.)

COL Group: Rental and 267.65 226.82 20.72 COL Group lease spaces Transactions are leasing
service to launch stores in properties transactions
(CRC group acquired COL income department stores. Lease which can attract more
Group as subsidiaries in agreements are short-term customers to come to
February 2021. Therefore, period which are not more department stores and
in 2021, there were than 3 years. Moreover, support the Group’s
transactions in January COL group occasionally operation. Rental rates
2021 only.) lease spaces to arrange and conditions are
events. Rental rates and comparable with nearby
conditions are complied area or do not cause
with market prices and any disadvantages to
can be comparable to the Group. Therefore,
other main tenants and transac tions are
other nearby tenants. reasonable and
beneficial to the Group.
As COL group lease
spaces to launch stores,
the Group have variety of
products to attract more
customers to department
stores. Moreover, COL
group also operate many
brands which are popular
and famous among
customers. Therefore, the
Group can fulfill all their
customers’ needs and
these leased out of spaces
to COL group would be
beneficial to the Group.

Other related companies Rental and 18.99 16.87 13.54 Other related companies Other related companies
Group: service Group lease buildings Group lease buildings
− Food Passion Company income from business units to from business units to
Limited launch branches for launch branches for
− F.T. Sales and Service restaurant and car care. restaurant and car care.
Company Limited Lease agreements are Lease agreements are
− Stork (Thailand) Company short-term period which short-term period which
Limited are not more than 3 years. are not more than 3
− SpicyDisc Company Rental rates and conditions years. Rental rates
Limited are comparable to other and conditions are
nearby tenants. comparable to other
nearby tenants.

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