Less: Cash and cash equivalent of subsidiary (14,356) Net proceeds on disposal of subsidiary 97,568 In this period, the Company recognised deferred gain amounting to Bht 19.8 million in the Company's financial statements. The deferral was incurred in 1999 from the on disposal of Coffee Partners Company Limited to another subsidiary, Laungsuan Realty Co., Ltd. 16 Related Party Transactions The following material transactions were carried out with related parties: a) Rental, services and management income For the six-month period ended Consolidated Company 30 June 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Rental and service income Subsidiaries Central Realty Service Co.,Ltd. - - 22,123 21,742 Central Food Avenue Co.,Ltd. - - 17,553 18,361 Other subsidiaries - - 3,559 2,668 - - 43,235 42,771 Related companies Central Department Store Group 30,609 28,777 16,808 17,480 Fast Food Group 23,311 23,142 14,843 10,400 Central Plaza Hotel Company Limited 3,420 3,808 3,419 3,808 Retail Group and others 63,594 72,869 35,353 43,567 120,934 128,596 70,423 75,255 120,934 128,596 113,658 118,026 Management fee Subsidiaries Central Realty Service Co.,Ltd. - - 15,090 12,486 Central Pattana Rama 3 Co.,Ltd. (Formally " Namsap Pattana Co.,Ltd".) - - 6,004 - Other subsidiaries - - 13 655 - - 21,107 13,141 Related companies Bangna Central Property Co.,Ltd. 5,337 2,283 3,286 2,211 Others 840 90 840 90 6,177 2,373 4,126 2,301 6,177 2,373 25,233 15,442 Rental and service incomes are charged at market price. Management and consultant fees are charged at negotiated prices. Related companies are the companies which have common directors, which could be summarised by Group as follws: Central Department Store Group comprises. Central Department Store Company Limited Rachada Nonsee Department Store Company Limited C.R. Chiangmai (Thailand) Limited Fast Food Group comprises. Central Ice Cr?me Company Limited Thai KFC Company Limited Thai Franchising Company Limited Thai International Fast Food Company Limited Big C Super Center Group comprises. Big C Super Center Company Limited Central Pattaya Company Limited Retails Group and others comprises. CDS Restaurant Company Limited Central Watson Company Limited S.M.R. Company Limited Kiddy Land Company Limited Cetreck Company Limited CRC A Hold Company Limited Central Trading Company Limited Food and Service Company Limited Thiang Chirathivat Company Limited Big Champ Company Limited Prin Intertrade Company Limited Fabrica Company Limited Fuji Restaurant Company Limited Rakase Leather Company Limited Lord Jim Group (1995) Part. Suwimon Company Limited Sakura Restaurant Company Limited Earth Care Company Limited b) Cost of rental and services For the six-month period ended Consolidated Company 30 June 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Cost of rental and services Subsidiaries - - 655 2 Related companies Central Department Store Group 7,599 5,749 7,533 5,677 Big C Super Center Group 689 - 689 - Retails Group and others 6,069 7,522 5,086 7,812 14,357 13,271 13,308 13,489 c) Other income and other expense Consolidated 2000 1999 For the six-month period ended 30 June Baht' 000 Baht' 000 Interest income 6 2,901 Other income 3,431 5,002 Company 2000 1999 Baht' 000 Baht' 000 Subsidiaries Interest income 14,064 23,557 Other income 2,980 3,140 Management fee (470) (1,458) Related companies Interest income 2 2,892 Other income 3,422 - d) Outstanding balances arising from rental, services and management fee Consolidated Company As at 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Accounts receivable Subsidiaries Central Realty Service Co.,Ltd. - - 4,955 4,639 Central Pattana Rama 3 Co.,Ltd. (Formally " Namsap Pattana Co.,Ltd.") - - 3,575 1,918 Other subsidiaries - - 1,993 1,011 Related companies Central Department Store Group 8,754 5,191 5,270 1,883 Bangna Central Property Company Limited 4,106 4,962 2,196 2,035 Central Plaza Hotel Group 1,014 3,846 1,014 2,067 Cotton and Silk Company Limited - 3,862 - 3,862 Others 6,988 11,846 5,102 7,106 20,862 29,707 24,105 24,521 e) Short-term loans and advances to related parties Consolidated Company As at 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Short-term loans to related parties Coffee Partners Co.,Ltd. - - - 64,659 Advance to related parties 9,006 9,017 141 - 9,006 9,017 141 64,659 f) Loans to related parties Consolidated Company As at 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Subsidiaries Central Pattana Chiangmai Co.,Ltd. - - 323,140 241,048 Central Pattana Khon Kaen Co.,Ltd. - - 196,795 188,085 Lang Suan Realty Co.,Ltd. - - 53,695 165,724 Central Pattana Ko Raj Co.,Ltd. - - 59,809 59,408 Focus Holding Co.,Ltd. - - 52,279 35,385 Food Novelties Co.,Ltd. - - 19,419 16,404 - - 705,137 706,054 Related companies Siam Retail Development Co.,Ltd. 162,739 162,739 162,739 162,739 Less : Allowance for doubtful accounts (123,899) (123,899) (123,899) (123,899) 38,840 38,840 38,840 38,840 38,840 38,840 743,977 744,894 Loans to subsidiaries Beginning balance net allowance for doubtful accounts - - 706,054 554,170 Increase during the period - - 199,377 294,861 Decrease during the period - - (200,294) (142,977) - - 705,137 706,054 Loans to related companies Beginning balance net allowance for doubtful accounts 38,840 118,840 38,840 118,840 Increase during the period - - - - Decrease during the period - - - - Less: Allowance for doubtful accounts during the period - (80,000) - (80,000) 38,840 38,840 38,840 38,840 38,840 38,840 743,977 744,894 Loans to subsidiaries and related companies are unsecured and denominated in Thai Baht, except loan to Central Pattana Khon Kaen Co., Ltd. amounting to Baht 196.7 million (At 31 December 1999: Baht 188.1 million) which is secured by plots of land owned by the subsidiary with net book value of Baht 380 million. The loans are repayable on demand and carry interest at the parent company's borrowing rate. g) Investments in subsidiaries Details of investments in subsidiaries and related companies are as follows: Paid up capital Percentage of holding 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Business Million Baht Million Baht % % Subsidiaries Central Pattana Chiangmai Co.,Ltd. (1)and(4) 1,000.0 1,000.0 100.0 100.0 Focus Holding Co.,Ltd. (1) 800.0 800.0 100.0 100.0 Langsuan Realty Co.,Ltd. (3) 150.0 150.0 100.0 100.0 Central Pattana Ko Raj Co.,Ltd. (1) 200.0 200.0 100.0 100.0 Central Realty Service Co.,Ltd. (2) 1.0 1.0 100.0 100.0 Central Food Avenue Co.,Ltd. (4) 1.0 1.0 100.0 100.0 Food Novelties Co.,Ltd. (5) 25.0 25.0 100.0 100.0 Central Pattana Khon Kaen Co.,Ltd. (1) 260.0 260.0 78.1 78.1 Central Pattana Rama 3 Co.,Ltd. (1) 300.0 300.0 60.5 60.5 (Formerly " Namsap Pattana Co.,Ltd.") Central Pattana Nine Square Co.,Ltd. (1) 402.0 402.0 60.0 60.0 Central Pattana Chonburi Co.,Ltd. (1) 315.1 315.1 60.0 60.0 (1) Construction of shopping center buildings for rent. (2) Utilities service in shopping center. (3) Construction of condominium and shop houses for rent. (4) Sale of food and beverage (5) Produce, sales and import of food, biscuits and beverage. Company Investment at Investment at cost method equity method 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Baht' 000 Baht'000 Baht' 000 Baht' 000 Central Pattana Chiangmai Co.,Ltd. 1,000,000 1,000,000 918,251 917,476 Focus Holding Co.,Ltd. 800,000 800,000 691,825 692,098 Lang Suan Realty Co.,Ltd. 150,000 150,000 133,942 64,829 Central Pattana Ko Raj Co.,Ltd. 199,999 199,999 67,616 68,042 Central Realty Service Co.,Ltd. 1,000 1,000 24,408 43,737 Central Food Avenue Co.,Ltd. 1,000 1,000 16,821 14,591 Food Novelties Co.,Ltd. 25,000 25,000 11,640 14,064 Central Pattana Khon Kaen Co.,Ltd. 203,149 203,149 98,346 143,577 Central Pattana Rama 3 Co.,Ltd. 524,934 524,934 593,658 563,957 Central Pattana Nine Square Co.,Ltd. 241,200 241,200 238,212 238,451 Central Pattana Chonburi Co.,Ltd. 189,084 189,084 177,308 177,494 3,335,366 3,335,366 2,972,027 2,938,316 h) Other long-term investments Consolidated Company 30 June 31 December 30 June 31 December % of 2000 1999 2000 1999 holding Baht' 000 Baht' 000 Baht' 000 Baht' 000 Investments in related companies Rachada Nonsee Department Store Co., Ltd. 23 68,965 68,965 - - Bangna Central Property Co., Ltd. 20 107,946 107,946 107,946 107,946 Siam Retail Development Co., Ltd. 15 66,250 66,250 66,250 66,250 Ayudhaya Agrocity Co., Ltd. 12 50,397 50,397 50,397 50,397 Square Ritz Plaza Co., Ltd. 12 15,000 15,000 15,000 15,000 Investment, at cost 308,558 308,558 239,593 239,593 Less: Provision for impairment in value (167,095) (167,095) (167,095) (167,095) 141,463 141,463 72,498 72,498 Investments in other companies Bangkok Club Co., Ltd. 0.1 1,000 1,000 1,000 1,000 Deposit at financial institution 46,817 46,817 46,817 46,817 189,280 189,280 120,315 120,315 Although the Group's investments in Rachada Nonsee Department Store Co., Ltd. represent 23% interest in the total registered share capital of the Company, the Group has no significant influence in the company's financial and operating policy decisions. Therefore, the Group does not account for investment in Rachada Nonsee Department Store Co., Ltd. as an associate. The investment is stated at cost.