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Related Transactions
Person/Juristic person who may have conflict of interests % of Ownership interest Type of
transactions
2016 Amount
(million baht)
Major details/ conditions
Siam Future
Development Plc.
Associate with 24.89% holding Revenue
1. Dividend income 64.43 The transaction is from investment.
2. Other income 1.54 This is a normal business transaction.
Expense
1. Rental , service and utilities fee 20.87 To rent rental space to operate cinema and bowling business in Chachoengsao, Chang Wattana and Pattaya branches, approved by Audit Committee to be comparable to market price.
2. Other expense 1.37 This is a normal business transaction.
Trade account receivable 4.62 This is a normal business transaction.
Other receivable 13.72 This is a normal business transaction.
Deposits (included in other non-current assets) 5.41 This is a normal business transaction.
Other payable 2.57 This is a normal business transaction.
Ratchayothin Avenue Co., Ltd. Associates with 50% direct holding and 12.45% indirect holding through SF Expenses
1. Interest expense 0.57 This is a normal business transaction and interest 2.72% per year
2. Other payable 0.38 This is a normal business transaction.
Other payable 0.56 This is a normal business transaction.
Major Cineplex Lifestyle Leasehold Property Fund Associates with 33% holding Revenue:
1. Management fee income 39.78 Property management fee which is a normal business transaction. Approved by Audit Committee to be comparable to market price.
2. Utilities fee income 23.48 Utilities and service fee which is a normal business transaction. Approved by Audit Committee to be comparable to market price.
3. Dividend income 109.99 The transaction is from investment.
4. Gain on disposals of property, plant and equipment 8.61 The transaction is from sold utilities equipment and leased certain property and buildings which is a normal business transaction. Approved by Audit Committee to be comparable to market price.
Expense:
1.Rental and service 161.83 Rental space to operate cinema and bowling businesses under MJLF area. This is a normal business transaction, approved by Audit Committee to be comparable to market price.
2. Interest expense from financial lease (included in finance costs) 1.68 This is a normal business transaction.
3. Other expense 3.62 This is a normal business transaction.
Trade account receivable 1.92 This is a normal business transaction.
Other receivable 3.22 This is a normal business transaction.
Accrued income 1.64 Money from sold utilities equipment and leased certain property and buildings.
Deposits (included in other non-current assets) 3.46 This is a normal business transaction.
Trade account payable 2.61 This is a normal business transaction.
Other payable 0.76 This is a normal business transaction.
Finance lease liabilities (included in long-term borrowings from financial institutions) 21.08 This is a normal business transaction.
Deposit receipt from property lease (included in other non-current liabilities) 123.50 This is a normal business transaction.
Advance receipt from property lease (included in other non-current liabilities) 24.96 This is a normal business transaction.
Thai Ticket Major Co., Ltd. Associates with 40.00% holding Revenue:
1. Dividend income 20.40 The transaction is from investment.
2. Other income 1.02 This is a normal business transaction.
Expense:
1. Sponsorship expense 1.60 This is a normal business transaction.
2. Other expense 0.60 This is a normal business transaction.
Trade account receivable 0.18 This is a normal business transaction.
Other receivable 0.89 This is a normal business transaction.
Other payable 1.93 Money from selling ticket and payback next month
CJ Major Entertainment Co., Ltd. Associates with 49.00% holding Expense:
Film hire cost 6.89 This is a normal business transaction.
Trade account payable 7.38 This is a normal business transaction.
Major Kantana Broadcasting Co., Ltd. Joint ventures with 41.61% indirect holding through MPIC (MAJOR’s subsidiary company) Revenue:
1. Rental and service income 1.82 This is a normal business transaction.
2. Other income 0.01 This is a normal business transaction.
Trade account receivable  0.10 This is a normal business transaction.
Deposit receipt (included in other non-current liabilities) 0.72 This is a normal business transaction.
Transformation Co., Ltd. Joint ventures with 26.42% indirect holding through MPIC (MAJOR’s subsidiary company) Revenue:
1. Management fee income  4.16 This is a normal business transaction.
2. Other income 0.21 This is a normal business transaction.
Trade account receivable  0.37 This is a normal business transaction.
MacThai Co., Ltd. 90% holding by Mr.Vicha Poolvaraluck Revenue:
1. Rental, service and utilities fee income 33.51 Rental space of MAJOR Group at Ratchayothin, Sukhumvit, Rangsit, Samrong, and Metropolis branches. This is normal transaction and approved by audit committee to be comparable to market price.
2. Interest income 0.14 This is a normal business transaction.
3. Other income 1.15 This is a normal business transaction.
Expense:
Other expense 0.30 This is a normal business transaction.
Trade account receivable  2.00 This is a normal business transaction.
Other receivable 0.08 This is a normal business transaction.
Finance lease receivable  1.65 This is a normal business transaction.
Other payable 0.07 This is a normal business transaction.
Advance receipt from land rental (included in other non-current liabilities) 11.05 This is a normal business transaction.
Deposit receipt (included in other non-current liabilities) 5.67 This is a normal business transaction.
Mackenna Land Co., Ltd. 100% indirect holding through VP 39 Holding Co., Ltd. (Poolvaraluk Family’s Company) Expense:
1. Sponsorship expense 0.01 This is a normal business transaction.
2. Other expense 11.59 This is a normal business transaction.
Other payable 0.32 This is a normal business transaction.
Well Ad Co., Ltd. Holding by Mr. Vicha Poolvaraluk 70.99% and Mrs. Paradee Poolvaraluk 29% Expense:
Management fee 13.20 Baht 1.95 million per month started from 1 January 2012 - 31 December 2016. Approved by Audit Committee. The agreed price as stipulated in the agreements and is no more than 1% of revenue with corporative less than compensation for Managing Director in listed companies.
Well Cineplex Co., Ltd. Holding by Mr. Vicha Poolvaraluk’s father 20%, Mr. Vicha Poolvaraluk’s mother 20% and Mr. Vicha Poolvaraluk 10% Revenue:
Management fee income 4.80 400,000 baht a month for manage pinklao branch owned by Mr.Vicha’s father. This is normal transaction and approved by audit committee to be comparable to market price.
Expense:
Equipment rental 10.80 1.54 million baht a month covered 8 theaters for 15 years started from 1 February 2002 to 31 January 2017. The agreed price was comparable for those of EGV cinema at Central Pinklao and was approved by Audit Committee
Trade receivable 2.14 This is a normal business transaction.
Well Entertainment Part. Ltd. Holding by Mr. Vicha Poolvaraluk’s father 50%, Mr. Vicha Poolvaraluk’s mother 10% Expense:
Rental, service and utilities fee 15.86 Rental spaces and service charges amount to 800 baht a month a sq.m. for operating cinema business at pinklao branch for 15 years started from 1 February 2002 to 31 January 2017, The agreed price is comparable for those of EGV cinema at Central Pinklao and was approved by Audit Committee.
Other receivable 0.02 This is a normal business transaction.
Trade account payable 0.50 This is a normal business transaction.
Petch Pinklao Co., Ltd. 100% indirect holding through VP 39 Holding Co., Ltd. (Poolvaraluk Family’s Company) Revenue:
1. Management fee income 2.40 Management fees charged to income as salary in 200,000 baht per month. This is normal transaction and approved by audit committee to be comparable to market price.
2. Other income 0.01 This is a normal business transaction.
Expense:
1. Rental, service and utilities fee 13.60 Paid for the right to rent MAJOR Cineplex pinklao branch. The agreed price was comparable Central Pinklao’s project and was approved by Audit Committee.
2. Sponsorship expense 0.23 This is a normal business transaction.
Trade receivable 0.01 This is a normal business transaction.
Trade account payable 0.40 This is a normal business transaction.
Other payable 0.01 This is a normal business transaction.
Veranda Resort and Spa Co., Ltd. Holding by Mrs. Paradee Poolvaraluk 6.82% Expense:
Other expense 0.11 This is a normal business transaction.
Other payable 0.09 This is a normal business transaction.
PVR Limited Related with 1.93% holding Revenue:
Dividend income 1.26 This is a normal business transaction.
Viracha Co., Ltd. 99.98% indirect holding through VP 39 Holding Co., Ltd. (Poolvaraluk Family’s Company) Expense:
Other expense 1.16 This is a normal business transaction.
Other payable 0.59 This is a normal business transaction.
Ratchayothin Avenue Management Co., Ltd. 12.45% Indirect holding through Siam Future Development Plc. and 50% Indirect holding through Ratchayothin Avenue Co., Ltd. Revenue:
Management fee income 0.36 27,000 baht a month for manage ratchayothin branch. This is normal transaction and approved by Audit Committee to be comparable to market price.
Expense:
Utilities expense 1.36 This transaction was for rental space with purpose of operating the company’s office at Ratchayothin avenue. Approved by Audit Committee to be comparable to market price.
Other receivable 0.03 This is a normal business transaction.
Other payable 0.22 This is a normal business transaction.
SF Development Co., Ltd. 12.45% Indirect holding through Siam Future Development Plc. Expense:
1. Rental , service and utilities fee 51.46 This is a normal business transaction.
2. Other expense 3.08 This is a normal business transaction.
Deposits (included in other non-current assets) 25.82 This is a normal business transaction.
Other payable 4.64 This is a normal business transaction.
We Fitness Co., Ltd. Holding by Mrs. Paradee Poolvaraluk 99.99% Revenue:
1.Rental, service and utilities fee 17.89 To rent space in the building of the MAJOR Group.
2. Other income 1.33 This is a normal business transaction.
Expense:
Other expense 0.12 This is a normal business transaction.
Trade receivable 0.37 This is a normal business transaction.
Siam Future Property Co., Ltd 24.89% Indirect holding through Siam Future Development Plc. Expense:
1. Rental, service and utilities fee 13.61 To rent rental space and service to operate cinema and bowling business in Esplanade branch. This is normal transaction and approved by Audit Committee to be comparable to market price.
2. Other expense 0.40 This is a normal business transaction.
Other receivable 10.08 This is a normal business transaction.
Deposits (included in other non-current assets) 0.31 This is a normal business transaction.
Other payable 1.51 This is a normal business transaction.
Friend Aircraft Co., Ltd. Holding by Mr. Vicha Poolvaraluk 50% Expense:
Other expense 5.80 This is a normal business transaction.
Other payable 0.81 This is a normal business transaction.