Panjawattana Plastic Public Company Limited

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- 23 -PANJAWATTANA PLASTIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIESNOTES TO FINANCIAL STATEMENTS (CONT.)DECEMBER 31, 2012 AND 2011Significant transactions with related companies for the years ended December 31, 2012 and 2011are as follows :BahtConsolidated financial statementsSeparate financial statementsTransaction 2012 2011 2012 2011SaleSubsidiaries:-Millpack Co., Ltd. - - 2,596,452.04 3,775,240.85Elegance Packaging Co., Ltd. - - 44,408,901.57 38,627,550.80- - 47,005,353.61 42,402,791.65Gain on sales of fixed assetsSubsidiaries:-Millpack Co., Ltd. - - 368,466.52 4,732,375.74Interest incomeSubsidiaries:-Millpack Co., Ltd. - - - 5,945.21Panjawattana (Tianjin) Plastic Co., Ltd. - - 336,650.37 142,033.31- - 336,650.37 147,978.52Other incomeSubsidiaries:-Millpack Co., Ltd. - - 1,450,000.00 2,859,811.38Elegance Packaging Co., Ltd. - - 360,000.00 360,000.00Other related companies:-C.C.H. Packaging Co., Ltd. - 49,855.00 - 49,855.00- 49,855.00 1,810,000.00 3,269,666.38Purchase of goodsSubsidiaries:-Millpack Co., Ltd. - - 139,606,446.21 55,346,254.44Other related companies:-C.C.H. Packaging Co., Ltd. 1,083,697.76 4,402,262.39 1,083,697.76 4,402,262.391,083,697.76 4,402,262.39 140,690,143.97 59,748,516.83Rental and service expensesSubsidiaries:-Millpack Co., Ltd. - - 11,594,780.66 1,441,014.43Administration expensesA combination of entities or businessunder common control:-Panjawatana Marketing Co., Ltd. - - - 102,300.00Subsidiaries:-Millpack Co., Ltd. - - - 18,927.19Other related companies:-C.C.H. Packaging Co., Ltd. - 1,320.00 - 1,320.00- 1,320.00 - 122,547.1996
- 24 -PANJAWATTANA PLASTIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIESNOTES TO FINANCIAL STATEMENTS (CONT.)DECEMBER 31, 2012 AND 2011Outstanding balances with related companies as at December 31, 2012 and 2011 are as follows:BahtConsolidated financial statementSeparate financial statement2012 2011 2012 2011Trade account receivableSubsidiaries:-Millpack Co., Ltd. - - 413,636.87 218,352.33Elegance Packaging Co., Ltd. - - 8,047,117.22 3,923,401.86- - 8,460,754.09 4,141,754.19Short-term loans to related personSubsidiaries:-Panjawattana (Tianjin) Plastic Co., Ltd. - - 10,331,682.00 10,693,850.00Other account receivableSubsidiaries:-Millpack Co., Ltd. - - 7,774,456.40 4,258,550.76Elegance Packaging Co., Ltd. - - 64,200.00 32,100.00Panjawattana (Tianjin) Plastic Co., Ltd. - - 168,933.11 2,056,622.26- - 8,007,589.51 6,347,273.02Trade account payableSubsidiaries:-Millpack Co., Ltd. - - 14,194,228.95 28,490,129.64Other related companies:-C.C.H. Packaging Co., Ltd. 143,499.84 275,250.22 143,499.84 275,250.22143,499.84 275,250.22 14,337,728.79 28,765,379.86Other account payableSubsidiaries:-Millpack Co., Ltd. - - - 304,751.005. CASH AND CASH EQUIVALENTCash and cash equivalents consisted of :-Consolidated financial statementsBahtSeparate financial statements2012 2011 2012 2011Cash in hand 357,874.71 2,268,649.31 314,809.05 280,000.00Cash at banks - current account 58,306,097.54 47,581,238.75 24,157,473.01 12,992,023.56Cash at banks - savings account 4,947,499.67 2,946,667.65 4,947,499.67 2,946,667.65Total 63,611,471.92 52,796,555.71 29,419,781.73 16,218,691.21Savings accounts earned floating interest rates at the rate of 0.75% per annum.97
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ANNUAL REPORT 2012CONTENTS01 Messag
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VISION :“Panjawattana Plastic as
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Panjawattana Plastic Public Company Limited

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