Information Memorandum of Glow Energy Public ... - Investor Relations

Attachment 4The fees are recorded as advance received in the balance sheet and will be recognized as incomeover the agreement period. The commencement date for the shared facilities agreement made between GHECO-OneCompany Limited and the Company is October 2, 2010.In addition, GHECO-One Company Limited shall pay the annual fees to the Company, Glow SPP 2 Company Limited andGlow SPP 3 Company Limited in the amount stipulated in the agreements.Emission credit assignment agreementOn August 20, 2008, the Company and Glow SPP 3 Company Limited entered into an Emission Credit Assignment Agreementwith GHECO-One Company Limited whereby GHECO-One Company Limited shall pay the fees for the emission reductionequipments to the Company and Glow SPP 3 Company Limited of USD 2.5 million and USD 7.5 million, respectively. The feeswere paid on December 4, 2008 and recorded as advance received in the balance sheet and will be recognized as income overagreement period.In addition, GHECO-One Company Limited shall pay the annual fees to the Company and Glow SPP 3 Company Limitedin the amount stipulated in the agreement.In addition, the Company and its six subsidiaries, comprising of Glow Co., Ltd., Glow SPP 1 Co., Ltd., Glow SPP 2Co., Ltd., Glow SPP 3 Co., Ltd., Glow IPP Co., Ltd., and Glow Demin Water Co., Ltd. (“Glow Group”) jointlyentered into Support Services Agreement and Engineering Services Agreement on February 9, 2009 (Superseded theagreements dated May 3, 2005) with SUEZ-Tractebel S.A. (“SUEZ”), whereby, SUEZ shall provide consulting servicesin respect of engineering, operational, financial and auditing system, investment, project finance, insurance, etc. Theservice fee is based on reference market rate and shall be in Euro currency. The service agreements will be determinedin the hourly rate depend on the type of services. The term of the agreements is 2 years from July 11, 2008,automatically renewed for successive one-year term unless termination is notified by either party. Nevertheless, theagreements shall be terminated on the date that GDF SUEZ S.A. (the ultimate shareholder) holds directly or indirectlyless than 25 percent of the shares of Glow Group.Related Party Transaction during Q1 2011The detail of related party transaction during the first quarter of 2011 could be shown below.Unit : Thousand BahtAccount name/ Company’s name Relationship Consolidatedfinancial statementsThe Separatefinancial statementsMarch 31, December31,March 31, December31,2011 2010 2011 2010Trade accounts receivable from relatedpartiesGlow SPP 1 Company Limited Subsidiary - - 43,266 -Glow SPP 2 Company Limited Subsidiary - - 78,051 18,213Glow SPP 3 Company Limited Subsidiary - - 26,418 11,265GHECO-One Company Limited Subsidiary - - 702 1,241IPR-GDF Suez Asia Co., Ltd. Related - 74 - -company(formerly GDF Suez Energy AsiaCompany Limited)- 74 148,437 30,719Short-term loans to related partiesGlow SPP 1 Company Limited Subsidiary - - 25 -Attachment 4_Information Memorandum of Glow Energy Public Company Limited_clean.doc Page 8 of 18