56 (Unit: Million Baht) Statements of financial position Consolidated financial statements Separate financial statements 2023 2022 2023 2022 Deferred tax liabilities Other non-current financial assets 1 1 1 1 Fixed assets 244 229 244 229 Derivatives 29 30 29 30 Total 274 260 274 260 30. Promotional privileges The Company has received promotional privileges from the Board of Investment for the manufacture of Compounded Plastic, The cogeneration and steam power plant project (“CHP”), Propylene project (“PRP”), EBSM Upgrading for ABS Specialties project (“EBSM”), Polypropylene Resin project (“PPE”), Polypropylene Compound project (“PPC”), High Pressure HDPE Compound project, Investment project in Industrial area and Improve Efficiency for Saving Energy of Petroleum project (“UHV”), Floating Solar project and PP Melt Blown Project, pursuant to the investment promotion certificate subject to certain imposed conditions, are summarised below. (a) Exemption from payment of import duty and tax on materials and necessary parts including machinery as approved by the Board (b) Exemption from payment of corporate income tax on the net profit derived from certain operations for a period of 3 to 8 years from the date on which the income is first derived from such operations (c) 50 percent reduction in the normal corporate income tax rate on the net profit derived from certain operations for a period of 5 years commencing from the expiry date for projects which have been received the exemption from payment of corporate income tax for a period of 8 years as mentioned in (b) above, and (d) The double deduction of logistics, electricity and water expenses for a period of 10 years since income is first derived from such operations. As promoted companies, the Company must comply with certain terms and conditions prescribed in the promotional certificates. 349 56-1 ONE REPORT 2023 Notes to the Consolidate Financial Statements
RkJQdWJsaXNoZXIy ODg4NTI=