Page 376 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

Persons or Companies Transaction value (Baht : Million) Audit
Necessity and rationale of
which may have Committee’s
conflict of interest Transaction 2019 2020 2021 transactions Opinion
3.1 Management fee expenses (Cont.)

Other related companies Management - 156.27 164.62 Business units received IT services from Transactions are
Group: fee expenses other related companies Group such normal c ourse
as hardware control services and other of business
− RIS Company Limited - Other services consulting of technical maintenance. transactions which
Service rates are calculated from are favorable to
allocation of actual cost of service the Group. Service
(RIS Company Limited has plus margin. rate is calculated
been included in related from c ost plus
party list of the Group since margin. Therefore,
2020.) transactions are
reasonable and
beneficial to the
Group.

3.2 Training expense
HCDS Group: Training 112.55 104.68 141.96 HCDS group provide training services Transactions are
− Harng Central expenses to the Group. These training services are normal c ourse
Department Store parts of human resource management of business
Limited service agreement between the Group transactions which
− Central People and HCDS. Because of their expertise are favorable to
Development Center and specialization of employees, the the Group. Service
Company Limited Group will be beneficial. Service rates rate is comparable
are comparable with market rates and to market rates
conditions are agreed to condition of and conditions
general trading. can be agreed to
condition of general
trading. Therefore,
transactions are
reasonable and
beneficial to the
Group.

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