- 54 - 36. PROMOTIONAL PRIVILEGES By virtue of the provisions of the Industrial Investment Promotion Act of B.E. 2520, the Company has been granted privileges by the Board of Investment relating to the manufacture of Compounded Plastic, The cogeneration and steam power plant project (“CHP”), Propylene project (“PRP”), EBSM Upgrading for ABS Specialties project (“EBSM”), Multi Product Pipeline project (“MPPL”), 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. The privileges granted include: (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 five to eight years from the date on which the income is first derived from such operations (c) a 50% reduction in the normal corporate income tax rate on the net profit derived from certain operations for a period of five years commencing from the expiry date in (b) above, and (d) the double deduction of logistics, electricity and water expenses for a period of ten 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. To comply with the announcement of the Board of Investment No. Por. 14/2541 dated December 30, 1998 regarding the revenues reporting of a promoted industry, the Company’s total revenues from sales and services, which are allocated to promoted and non-promoted activities for the years ended December 31, are as follows: Unit : Million Baht Separate financial statements 2021 2020 BOI Non-BOI Total BOI Non-BOI Total Revenues from sales and services - Overseas 46,224 45,141 91,365 31,073 27,675 58,748 - Domestic 83,493 79,132 162,625 60,748 53,940 114,688 Total 129,717 124,273 253,990 91,821 81,615 173,436 356 IRPC PUBLIC COMPANY LIMITED 56-1 ONE REPORT 2021
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