PTT Global Chemical Public Company Limited and its Subsidiaries For the year ended 31 December 2023 PTT Global Chemical Public Company Limited and its Subsidiaries Notes to the financial statements For the year ended 31 December 2023 39 The Company has a Security Service agreement with a related party. Under which the related party agrees to provide security service to asset, employees and visitors in the location of the Company. The agreement is for the period of 2 years and will expire in December 2024. The Company has a Safety Inspection Service agreement and an Emergency Control Center agreement with a related party. These agreements are for the period from 2 years to 3 years and will expire in December 2024 and 2026 with service rate as stipulated in the agreements. The Company has Warehouse Management agreements with a related party. The agreements are for the periods from 1 year to 21 years 3 months and expiring from December 2024 December 2030. The Company has a Logistics Services agreement with a related party. The agreement is for the period of 1 year and will expire in December 2024. The Company has entered into Information and Communication Technology Service agreements with a related party. Under which the related party agrees to provide Information Technology system maintenance and support services, system structure and data centre management, system supporting and advisory, including system design and development as the Company’s requirements. These agreements are for the periods from 1 year to 15 years, commencing from the date as specified in each agreement and expiring from December 2024 to December 2027. Rental Agreements The Company has various Land Lease agreements with related parties. These agreements are for the periods from 14 years to 30 years, commencing from the date as specified in the agreements, and expiring from February 2029 to June 2040 with land lease rate and condition as specified in the agreements. A subsidiary has Land Lease and Office Rental agreements with 5 related parties. These agreements are for the periods from 3 years to 30 years, commencing from the date as specified in the agreements, and expiring from August 2026 to July 2043. The renewal of the contract will be subject to negotiation with the counter party. 6 Cash and cash equivalents Consolidated financial statements Separate financial statements 2023 2022 2023 2022 (in million Baht) Cash on hand 2 2 2 2 Cash at banks 29,767 25,023 17,193 4,878 Highly liquid short-term investments 7,550 915 79 306 Total 37,319 25,940 17,274 5,186 283 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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