Page 155 - MONO_AR_2016_EN

Loans to subsidiaries
As at 31 December 2016 and 2015, the balances of loans to subsidiaries and the movements were as follows:
Balance as at
Balance as at
31 December
31 December
2015
2015
Separate financial statements
Separate financial statements
During the year
During the year
Balance as at
Balance as at
31 December
31 December
Increase
Increase
Decrease
Decrease
2016
2016
770 23 1,466
62
12 106 11 49 5 - - -
(800) (14) (1,445)
-
- (106)
- - - - - -
(2,365) 106
(2,259)
2,504 (118)
2,386
Mono Generation Co., Ltd.
Mono Travel Co., Ltd.
Mono Production Co., Ltd.
Mono Music Co., Ltd.
(Formerly known as Mono Entertainment Co., Ltd.) PT Mono T echnology Indonesia
Mono T echnology Korea Corporation Mono T echnology Vietnam Co., Ltd. Mono Radio Co., Ltd.
Mono Radio Broadcast Co., Ltd. Mono T alent Studio Co., Ltd.
Mono Broadcast Co., Ltd.
Mono Sport Entertainment Co., Ltd.
Allowance for doubtful accounts T otal
(Unit: Million Baht)
40 10 - 9 84 105
- 62 - 12 - - - 11
32 81 - 5 9 9 190 190 28 28 383 522
(11) (23) 372 499
On 21 March 2016 and 27 June 2016, the Company received loan repayment from Mono Production Co., Ltd., total amounting to Baht 1,445 million.
On 21 March 2016, 4 April 2016 and 3 June 2016, the Company received loan repayment from Mono Generation Co., Ltd., total amounting to Baht 800 million.
On 9 November 2016, a meeting of the Company’s Board of Directors passed a resolution to approve the write off of a loan of Baht 80 million to Mono Technology Korea Corporation which the Company had already set aside allowance for doubtful debt in full as bad debt, after the Company received loan repayment of Baht 4 million in cash and Baht 22 million in other forms.
The balances are loans to subsidiaries in form of promissory notes which have no collateral and carry interest at the rate 3 percent per annum. The loans are due on demand.
Annual Report 2016
Mono Technology Public Company Limited 155
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