Page 119 - Annual Report 2015 - Mono Technology Public Company Limited

The Company and subsidiaries’ related party transactions that can be categorized as normal business, with fair trading conditions:
1. Normal business, with general trading conditions:
Connected Company
1. Triple T Broadband Public Company Limited
Transactions
Value (Million Baht) As of December 31, 2015
Necessity and Appropriateness/ Opinion of Audit Committee
Sales and service income
The Company provided corporate SMS to TTTBB customers according to the volume and telephone num- bers under its service.
8.46
0.18
The said service is a normal business transaction similar to the service offered to other corporate cus- tomers. The Company has capable personnel, efficient equipment and expertise for offering service and the price is comparable with the rate that the Company charges other customers. Therefore, this transaction is regarded as reasonable at a fair price.
Cost and Expense
Mono Travel paid TTTBB for fixed-line telephone service to support its hotel booking service. TTTBB offered the fixed-line telephone number service and the monthly fee is at the agreed rate.
The use of fixed-line telephone service by Mono Travel is a normal business transaction and the service fee is based on the market rate. Therefore, this transaction is regarded as reasonable at a fair price.
Sales and service income
• The Company, Mono Gen, Mono Broadcast and Mono Radio provided advertising space via online media, magazine, digital TV and radio for TTTI.
• Mono Film sold movie copyright to TTTI.
17.64
1.26 11.06
Such services are a normal business transaction of the Company, Mono Gen, Mono Broadcast and Mono Radio as channels to promote TTTI’s services. The price is comparable with the rate that the Company charges other customers. Therefore, this transaction is regarded as reasonable at a fair price.
Cost and Expense
• The Company, Mono Info and Mono Broadcast paid for the space rental for co-location server.
The space rental for co-location server is a normal business transaction. TTTI provides Internet service solution with complete system and infrastructure including high speed internet connection and offers space rental for co-location server at a specially designed room. Service fee is based on the market rate. Therefore, the transaction is regarded as reasonable at a fair price.
2. Triple T Internet Company Limited
Annual Report 2015
119