Liquidity ratio as of 31 december 2015 and as of 31

Info icon This preview shows pages 54–66. Sign up to view the full content.

Liquidity Ratio As of 31 December 2015 and as of 31 December 2016, liquidity ratio were 0.81 times and 2.54 times, respectively. The increament in liquidity ratio due to increase in cash and cash equivalents, decrease in loans from financial institutions, and decrease in loans form non-related parties. The Company’s capital structure Capital structure of the Company as of 31 December 2015 and 31 December 2016, the debt-to-equity ratio were 0.31 times and 0.72 times, respectively. In 2016, the Company’s debt-to-equity ratio increase due to the issuance of debenture in the amount Baht 600 million during the year 2016. 54 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 54

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

In the case where the Company has connected transac- tions, the Board shall act in accordance with the law related to securities and the Stock Exchange, including decrees, announcements, orders and the regulations of the Stock Exchange of Thailand, i.e. act in accord- ance with regulations regarding the transparency of information concerning connected transactions and the valuation of assets, where they have been received or sold, where they are assets crucial to the Company and its subsidiaries. Connected Transactions A policy regarding possible future connected transactions In the case where the Company has connected transac- tions, the Company policy is to proceed in the same manner as all other businesses which refer to market prices and conditions, in that the Company shall allow the Audit Committee to consider or give its opinions on the necessity and suitability of engaging in the con- nected transaction. This includes those cases where it is necessary for the Company to have independent values, experts or financial advisers, express their views on aforementioned connected transactions, in order to be able to use this as information on which to base the decisions of the Board or Shareholders, depend- ing on the case. This is to ensure that the connected transactions are aligned with market prices, are suitable and are compatible with normal business activity. Thus, the Company shall disclose information pertaining to connected transactions in the budget report, as com- piled by the Company’s auditor and the annual report. The significant related party transactions have followed the commercial conditions and standards mutually agreed upon by the Company and the persons or those related businesses, which are normal business transac- tions. Details are as in table below: Related party transactions Significant related party transactions between the Company and its subsidiaries and related person or juristic person for the year ended 31 December 2014, 2015 and 2016, respectively and balance as at 31 December 2014, 2015 and 2016, respectively. 55 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 55
56 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 56

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

57 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 57
58 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 58

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

59 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 59
60 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 60

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

61 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 61
62 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 62

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

63 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 63
64 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 64

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

65 Food Capitals Public Company Limited ANNUAL REPORT 2016
Image of page 65
Image of page 66
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '14
  • Capitals Public Company Limited, Capitals Public Company

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern