Page 382 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

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

COL Group including Other 42.31 141.97 3.73 Income from services rendered Transactions are services
Income to the COL Group are from provider to COL group
(CRC group acquired COL many transactions such which using expertise of
Group as subsidiaries in as E-commerce platform employees and resources
February 2021. Therefore, development, usage of B2S of the Group effectively.
in 2021, there were trademark, money exchange Service rates are agreed
transactions in January service, cash pick up service, b etween p ar ties .
2021 only.) financial service, leasing Therefore, transactions are
spaces in department stores, reasonable and support
compensation for damages business operations.
from reduction of leased
space and website & system
maintenance. Service rates are
agreed with the agreements
between parties and do not
cause any disadvantages to the
Group. The Group considered
that the Group could take
advantages from using expertise
of employees and resources
effectively. These transactions
provide additional income to the
Group and should be continued
in the future.
Other related companies Other - 30.79 9.63 Income from services rendered Transactions are normal
Group: Income to other related companies’ c ourse of business
− Tera soft Solutions group are mainly from license transactions. Service
Development fee of E-Commerce platform. rates are based on actual
Company Limited Service rates are calculated service cost plus margin.
− The Little Kitchen from allocation of actual cost Therefore, transactions
Company Limited plus 6-10% margin. are reasonable.
− RIS Company Limited
(Terasoft Solutions
Development Company
Limited and RIS
Company Limited
have been included in
related party list of the
Group since 2020)

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