18 The pricing policies for particular types of transactions are as follows: Transactions Pricing policies Revenue from sales and services Market price Purchases of raw material Purchases of goods from a major shareholder. The major shareholder has provided services relating to the purchasing and payment process of goods. The purchase price includes a service fee charged by the major shareholder approximates the price of which the Group has procured by its own. In addition, the Company has also entered into commodity derivative contracts with a related party to protect the pricing risk regarding crude oil and petroleum products. Selling and administrative expenses which mainly are throughout fees and tank farms rental Contractually agreed prices Interest income and interest expense Short-term - the fixed interest rates 1-month and average interest rates 6-month of borrowing between commercial banks (BIBOR) adjusted by certain margins. Long-term - the weighted average interest rates of fixed deposits for four domestic commercial banks and the Minimum Loan Rate (MLR) adjusted by certain margins. Directors’ remunerations (meeting and bonus) The rate approved by the Board of Directors and shareholders Dividend received As declared Other income and other expense Mutually agreed price 311 56-1 ONE REPORT 2023 Notes to the Consolidate Financial Statements
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