51 22. Treasury stock As at 31 December 2023 and 2022, the Company’s ordinary shares of 23,828,400 shares, totaling amount of Baht 124 million have been held by IRPC Oil Company Limited, a subsidiary of the Company. These shares are stated at costs and presented in the consolidated statements of financial position as a deduction of total shareholders’ equity. The subsidiary plans to dispose of the Company’s shares when returns are higher than its costs. 23. Statutory reserve Pursuant to Section 116 of the Public Limited Companies Act B.E. 2535, the Company is required to set aside a statutory reserve at least 5percent of its net profit after deducting accumulated deficit brought forward (if any), until the reserve reaches 10 percent of the registered capital. The statutory reserve is not available for dividend distribution. At present, the statutory reserve has fully been set aside. 24. Other income (Unit: Million Baht) For the year ended 31 December Consolidated financial statements Separate financial statements 2023 2022 2023 2022 (Restated) Interest income 56 38 56 41 Dividend income 7 6 60 169 Gain (loss) on exchange rate from borrowings and interest payable 4 (170) 4 (170) Gain on exchange rate 235 1,101 234 1,098 Gain on disposals of fixed assets 6 20 6 20 Income from tax refund from the customs import duty 71 86 71 86 Others 474 457 526 508 Total other income 853 1,538 957 1,752 344 IRPC Public Company Limited Notes to the Consolidate Financial Statements
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