Page 159 - Annual Report 2015 - Mono Technology Public Company Limited

Deferred tax assets
Deferred tax assets are recognised for deductible temporary differences and unused tax losses to the extent that it is probable that taxable profit will be available against which the temporary differences and losses can be utilised. Significant management judgement is required to determine the amount of deferred tax assets that can be recognised, based upon the likely timing and level of estimate future taxable profits.
Post-employment benefits under defined benefit plans
The obligation under the defined benefit plan is determined based on actuarial techniques. Such determination is made based on various assumptions, including discount rate, future salary increase rate, mortality rate and staff turnover rate.
7. Related party transactions
The followings are relationships with enterprises and individuals that control, or are controlled by, the Company and its subsidiaries, whether directly or indirectly, or which are under common control with the Company and its subsidiaries.
Name of entities
Subsidiary companies
Jasmine Group
Toyota PS Enterprise Co., Ltd. Green Star Environment Co., Ltd. Media Shaker Co., Ltd.
During the year, the Company and its subsidiaries had significant business transactions with related persons or parties. Such transactions, which are summarised below, arose in the ordinary course of business and were concluded on commercial terms and bases agreed upon between the Company and its subsidiaries and those related parties.
Nature of relationship
More than 50% shareholding by the Company
Common major shareholders and directors
Common directors
Common directors
Common directors
Annual Report 2015
159