PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED AND SUBSIDIARIES FOR THE YEAR ENDED DECEMBER 31, 2021 NOTES TO THE FINANCIAL STATEMENTS - 68 - Provident fund contributions for their employees and recorded as expense in the statements of profit or loss for the years ended December 31, were as follows: Unit : Million Baht Consolidated financial statements Separate financial statements 2021 2020 2021 2020 Provident fund expense 684 657 527 515 24. SHARE CAPITAL Unit : Million Shares / Million Baht Par value 2021 2020 per share Number Amount Number Amount (Baht) Authorised As at January 1, ordinary shares 10 4,508.8 45,088.5 4,508.8 45,088.5 As at December 31, ordinary shares 10 4,508.8 45,088.5 4,508.8 45,088.5 Issued and paid-up As at January 1, ordinary shares 10 4,508.8 45,088.5 4,508.8 45,088.5 As at December 31, ordinary shares 10 4,508.8 45,088.5 4,508.8 45,088.5 25. ADDITIONAL PAID-IN CAPITAL AND RESERVES Share premium Section 51 of the Public Companies Act B.E. 2535 requires companies to set aside share subscription monies received in excess of the par value of the shares issued to a reserve account (“share premium”). Share premium is not available for dividend distribution. Premium on treasury stock The premium on treasury stock represents the accumulated premium on sale of treasury stock, net of any deficits on sale or cancellation of treasury stock. The premium on treasury stock is not available for dividend distribution. Difference arising from business combination under common control Difference on common control transactions arising within equity represents the difference of the book values of certain entities or businesses under common control under or over their cost as of the date of their acquisition. The reserve is non-distributable and will be retained until the respective businesses are sold or otherwise disposed of. Put option over non-controlling interest Put option over non-controlling interest is a present value of expected payments at the acquisition date. Under the securityholders agreement, non-controlling interest is granted the right to sell the remaining 9.18% holding in Vencorex Holding with conditions and exercise prices as stipulated in the agreement. 300 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2021
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