99 2015Annual Report Notes to The Financial Statement For the years ended September 30, 2015 1. General information The Expressway Authority of Thailand (EXAT) is a state enterprise under Thailand’s Ministry of Transport, established by the Announcement of the National Executive Council No. 290, dated 27 November B.E. 2515 (1972), with a regulation adjustment made later by the promulgation of the Expressway Authority of Thailand Act B.E. 2550 (2007) on January 9, 2008. The office is located at No. 2380, Phaholyothin Road, Sena Nikhom Sub-district, Chatuchak District, Bangkok 10900. The objectives are: 1. To construct or provide the expressway by any means, as well as to maintain and preserve the expressway; 2. To perform work or business relating to the expressway and any business which is in connection with, or for the interests of EXAT. 2. Basis for presentation of the financial statements 2.1 The financial statements of EXAT have been prepared in accordance with generally accepted accounting principles under the Accounting Act B.E. 2543 (2010), namely the accounting standards issued under the Accounting Profession Act B.E. 2547 (2004), in which employee welfare fund transactions are fully consolidated. 2.2 Use of estimates To prepare financial statements in conformity with generally accepted accounting principles, the executives need to make estimates and set assumptions, which affect the carrying amount of assets, liabilities, income and expenses reported in the financial statements. The estimates and assumptions are based on historical experience and many factors that the executives considered reasonable under given circumstances. Therefore, actual outcomes may differ from the estimates and assumptions. 2.3 The Federation of Accounting Professions has issued the following new/revised Conceptual Framework for Financial Reporting, Thai Accounting Standards (TAS), Thai Financial Reporting Standards (TFRS), Standing Interpretation Committee (SIC), Thai Financial Reporting Interpretations Committee (TFRIC) and accounting practices. Effective October 15, 2014 - Conceptual Framework for Financial Reporting (revised 2014) Effective for the accounting period beginning on or after January 1, 2015 - TAS 1 (revised 2014) Presentation of Financial Statements - TAS 2 (revised 2014) Inventories - TAS 7 (revised 2014) Statement of Cash Flows - TAS 8 (revised 2014) Accounting Policies, Changes in Accounting Estimates and Errors - TAS 10 (revised 2014) Events after the Reporting Period - TAS 11 (revised 2014) Construction Contracts - TAS 12 (revised 2014) Income Taxes - TAS 16 (revised 2014) Property, Plant and Equipment - TAS 17 (revised 2014) Leases - TAS 18 (revised 2014) Revenue - TAS 19 (revised 2014) Employee Benefits - TAS 20 (revised 2014) Accounting for Government Grants and Disclosure of Government Assistance - TAS 21 (revised 2014) The Effects of Changes in Foreign Exchange Rates - TAS 23 (revised 2014) Borrowing Cost - TAS 24 (revised 2014) Related Party Disclosures - TAS 26 (revised 2014) Accounting and Reporting by Retirement Benefit Plans - TAS 27 (revised 2014) Consolidated and Separate Financial Statements - TAS 28 (revised 2014) Investment in Associates and Joint Venture - TAS 29 (revised 2014) Financial Reporting in Hyperinflationary Economics - TAS 33 (revised 2014) Earnings per Share - TAS 34 (revised 2014) Interim Financial Reporting - TAS 36 (revised 2014) Impairment of Assets
100 2015Annual Report - TAS 37 (revised 2014) Provisions, Contingent Liabilities and Contingent Assets - TAS 38 (revised 2014) Intangible Assets - TAS 40 (revised 2014) Investment Property - TFRS 2 (revised 2014) Share-based Payment - TFRS 3 (revised 2014) Business Combinations - TFRS 5 (revised 2014) Non-current Assets Held for Sale and Discontinued Operations - TFRS 8 (revised 2014) Operating Segment - TFRS 10 Consolidated Financial Statements - TFRS 11 Joint Arrangements - TFRS 12 Disclosure of Interests in Other Entities - TFRS 13 Fair Value Measurement - S IC 10 (revised 2014) Government Assistance-No specific Relation to Operating Activities - S IC 15 (revised 2014) Operating Leases-Incentives - SIC 25 (revised 2014) Income Taxes-Changes in the Tax Status of an Entity or its Shareholders - S IC 27 (revised 2014) E valuating the Substance of Transactions Involving the Legal Form of a Lease - SIC 29 (revised 2014) Service Concession Arrangements : Disclosures - SIC 31 (revised 2014) Revenue-Barter Transactions Involving Advertising Services - SIC 32 (revised 2014) Intangible Assets-Web Site Costs - TFRIC 1 (revised 2014) Changes in Existing Decommissioning, Restoration and Similar Liabilities - TFRIC 4 (revised 2014) Determining whether an Arrangement contains a Lease - TFRIC 5 (revised 2014) Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds - TFRIC 7 (revised 2014) Applying the Restatement Approach under TAS 29 (revised 2014) Financial Reporting in Hyperinflationary Economics - TFRIC 10 (revised 2014) Interim Financial Reporting and Impairment - TFRIC 12 (revised 2014) Service Concession Arrangements - T FRIC 13 (revised 2014) Customer Loyalty Programmes - TFRIC 14 The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction for TAS 19 (revised 2014), Employee Benefits - TFRIC 15 (revised 2014) Agreements for the Construction of Real Estate - TFRIC 17 (revised 2014) Distributions of Non-cash Assets to Owners - TFRIC 18 (revised 2014) Transfers of Assets from Customer Effective November 6, 2015 - Conceptual Framework for Financial Reporting (revised 2015) Effective for the accounting period beginning on or after January 1, 2016 - TAS 1 (revised 2015) Presentation of Financial Statements - TAS 2 (revised 2015) Inventories - TAS 7 (revised 2015) Statement of Cash Flows - TAS 8 (revised 2015) Accounting Policies, Changes in Accounting Estimates and Errors - TAS 10 (revised 2015) Events after the Reporting Period - TAS 11 (revised 2015) Construction Contracts - TAS 12 (revised 2015) Income Taxes - TAS 16 (revised 2015) Property, Plant and Equipment - TAS 17 (revised 2015) Leases - TAS 18 (revised 2015) Revenue - TAS 19 (revised 2015) Employee Benefits - TAS 20 (revised 2015) Accounting for Government Grants and Disclosure of Government Assistance - TAS 21 (revised 2015) The Effects of Changes in Foreign Exchange Rates - TAS 23 (revised 2015) Borrowing Cost
101 2015Annual Report - TAS 24 (revised 2015) Related Party Disclosures - TAS 26 (revised 2015) Accounting and Reporting by Retirement Benefit Plans - TAS 27 (revised 2015) Consolidated and Separate Financial Statements - TAS 28 (revised 2015) Investment in Associates and Joint Venture - TAS 29 (revised 2015) Financial Reporting in Hyperinflationary Economics - TAS 33 (revised 2015) Earnings per Share - TAS 34 (revised 2015) Interim Financial Reporting - TAS 36 (revised 2015) Impairment of Assets - TAS 37 (revised 2015) Provisions, Contingent Liabilities and Contingent Assets - TAS 38 (revised 2015) Intangible Assets - TAS 40 (revised 2015) Investment Property - TFRS 2 (revised 2015) Share-based Payment - TFRS 3 (revised 2015) Business Combinations - TFRS 4 (revised 2015) Insurance Contracts - TFRS 5 (revised 2015) Non-current Assets Held for Sale and Discontinued Operations - TFRS 8 (revised 2015) Operating Segment - TFRS 10 (revised 2015) Consolidated Financial Statements - TFRS 11 (revised 2015) Joint Arrangements - TFRS 12 (revised 2015) Disclosure of Interests in Other Entities - TFRS 13 (revised 2015) Fair Value Measurement - SIC 10 (revised 2015) Government Assistance-No specific Relation to Operating Activities - S IC 15 (revised 2015) Operating Leases-Incentives - SIC 25 (revised 2015) Income Taxes-Changes in the Tax Status of an Entity or its Shareholders - SIC 27 (revised 2015) E valuating the Substance of Transactions Involving the Legal Form of a Lease - SIC 29 (revised 2015) Service Concession Arrangements : Disclosures - SIC 31 (revised 2015) Revenue-Barter Transactions Involving Advertising Services - SIC 32 (revised 2015) Intangible Assets-Web Site Costs - T FRIC 1 (revised 2015) Changes in Existing Decommissioning, Restoration and Similar Liabilities - T FRIC 4 (revised 2015) Determining whether an Arrangement contains a Lease - TFRIC 5 (revised 2015) Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds - TFRIC 7 (revised 2015) Applying the Restatement Approach under TAS 29 (revised 2015) Financial Reporting in Hyperinflationary Economics - TFRIC 10 (revised 2015) Interim Financial Reporting and Impairment - TFRIC 12 (revised 2015) Service Concession Arrangements - T FRIC 13 (revised 2015) Customer Loyalty Programmes - TFRIC 14 (revised 2015) The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction for TAS 19 (revised 2015) Employee Benefits - TFRIC 15 (revised 2015) Agreements for the Construction of Real Estate - TFRIC 17 (revised 2015) Distributions of Non-cash Assets to Owners - TFRIC 18 (revised 2015) Transfers of Assets from Customer - TFRIC 21 (revised 2015) Levies Executives have assessed the effect of these standards and believe that they will not have any significant impact on the presented financial statements. 3. Summary of significant accounting policies 3.1 Cash and cash equivalents consist of cash in hand and at banks with original maturities of three months or less and without obligation.
102 2015Annual Report 3.2 Receivables from the joint venture company represent cash that EXAT will receive from the Bangkok Expressway Public Company Limited (BECL), which is a joint venture company from the 15th-30th years of contract for Si Rat Expressway Project. 3.3 Materials are stated at cost determined by the weighted-average method. 3.4 Property, plant and equipment are stated at cost less accumulated depreciation and allowance for accumulated impairment loss. Depreciation is calculated on the straight-line basis to write off the cost of each asset to their residual values over the estimated useful lives, except for land which has indefinite useful life. The useful lives of the assets are as follows: Expressway 75 years Buildings and building improvement 5–40 years Toll collection and expressway equipment Electricity poles and fixings 10 years Office tools and engineering equipment 25 years Vehicles 5 years 5–15 years Building and their components are recognized separately, except for old buildings that have reached the end of their useful lives for accounting purposes. An asset and its accumulated depreciation are derecognized upon disposal, when any gain or loss arising upon disposal of the asset is included in the statement of comprehensive income. 3.5 Intangible assets represent the cost for right to use computer software. The intangible assets are recognized at cost on the date of purchase or acquisition and amortized on a straight-line basis over the estimated useful lives of 5 years. 3.6 Land use rights are stated at cost. As the rights to use the land have no time requirements, no amortized expenses are required. 3.7 Deferred income 3.7.1 Deferred income from the joint venture is accounted for and recognized as liabilities together with assets from joint venture, and periodically recognized as income over the contract period. 3.7.2 Deferred income and assets from donation are recognized as income over their useful lives. 3.7.3 Revenue deferred government grants as income received from the government to pay for the construction, land acquisition cost and other specialty recorded as liabilities with assets and recognized as income over the useful life of the asset. 3.8 Employee benefit obligations The obligations and benefits are recognized and measured in the following manners: 3.8.1 Short-term employee benefits are recognized as expenses in the period in which the transaction occurs. 3.8.2 Other long-term employee benefit are estimated based on the actuarial technique using the projected until credit method and discounting benefit in order to determine the present value of the obligation. All costs related to benefits of current employees are recognized as liabilities in the statements of financial position and as expenses in the statements of comprehensive income. All actuarial gains and losses arising in the period are recognized immediately as income or expenses. 3.8.3 Post-employment benefits are estimated based on the actuarial technique using the projected unit credit method and discounting benefit in order to determine the present value of the obligation. All costs related to benefits of past and current employees are recognized as liabilities in the statements of financial position and as expenses in the statements of comprehensive income. All actuarial gains and losses arising in the period are recognized immediately as income or expenses. 3.9 Welfare and provident funds EXAT has established the welfare fund to provide welfare to its employees upon termination of employment. EXAT contributes to the fund monthly at the rate of 10 percent of basic salary of employees who are member, which is recognized as expenses in the statement of comprehensive income. All transaction of the funds are included in EXAT’s financial statement, whereas income and expenses incurred are recognized as EXAT’s income and expenses. On October 1, 1996, EXAT and its employees jointly established “EXAT Employee Provident Fund” in accordance with the Provident Fund Act B.E. 2530 (1987). EXAT contributes to the fund at the rate of 9, 10 and 11 percent of basic salary for members with working years of under 10, 10-20 and over 20 years respectively.
103 2015Annual Report 3.10 Revenue recognition 3.10.1 Toll revenue is recognized upon the service being used. 3.10.2 Land use revenue represents cash that EXAT will receive from the Joint Venture Company in Si Rat Expressway Project, which is periodically recognized as income on the straight-line basis over the contract period. 3.10.3 Interest income is recognized on a time basis, taking into account the effective yield on the asset. 3.10.4 Donation income is recognized in the period in which the transaction occurs. 3.10.5 Revenue from government grants is recognized as income over the useful life of the expressway. 3.11 Government grants The government grants for interest and fee of the projects which the government supported are recorded as income and expenses based on accrual basis that shown in items of income and expense in the statement of comprehensive income. 3.12 Financial costs Financial costs comprise interest paid, front-end fee and other expenses from long-term loans. Interest paid on long-term loans for fixed assets under construction is recognized as capital work-in-progress. Interest paid on loans for work capital is recognized as expenses in period in which the transaction fully occurs. 3.13 Accounting for joint venture projects Assets from joint venture are recognized as assets, together with deferred income from the Joint venture Company. The assets are periodically depreciated over their useful lives, whereas the deferred income is periodically recognized over the contract period. 4. Additional information 2015 Unit : Million Baht 4.1 Cash and cash equivalents comprise 84.42 2014 3,272.09 81.86 Cash - 4,158.20 Bank Deposit 3,356.51 2,500.00 Draft 6,740.06 Total Cash of Baht 84.42 million consists of Baht 18.74 million of cash in hand and Baht 65.68 million of toll fee, toll coupon fee and Easy Pass Top-up of September 30, 2015, to be deposited on the next bank working day. In addition, the Expressway Authority of Thailand reserved money for remittance to the state for the year 2015 in October 2015 to be in the amount of Baht 1,500.00 million and repayment shall be made for loan to be due in October 2015, amounting to Baht 2,000.00 million. 4.2 Temporary investments comprise Unit : Million Baht 2015 2014 Over 3-month fixed deposits - Welfare fund Total 10.53 12.85 10.53 12.85 4.3 Accrued government grants represent cash to be received from the Government for payment of loan interest shouldered by the Government. The details are as follows: Unit : Million Baht 2015 2014 Beginning balance as at October 1 2,211.86 41.03 Add Loan interest shouldered by the Government - 6.08 Front-end fee shouldered by the Government 5.10 - Construction cost of Si Rat-Outer Ring Road - 3,553.00 Construction cost of Ram Intra-Outer Ring Road - 787.30 2,216.96 4,387.41 Less Grant income received during the year 1,374.43 2,175.55 Balance as at September 30 842.53 2,211.86
104 2015Annual Report In 2015 EXAT received the government grants to pay for land acquisition cost of Si Rat-Outer Bangkok Ring Road project, amounting to Baht 1,374.43 million. 4.4 Other current assets comprise Unit : Million Baht 2015 2014 Remittance to the state as advance public revenue 1,844.00 - Employee collateral deposits 20.60 19.92 Office tools 5.28 3.74 Others 17.21 11.40 Total 1,887.09 35.06 4.5 Fixed deposit with obligation EXAT’s payment guarantee for employee benefits in the form of deposits for the years 2015 and 2014 amounts to Baht 131.49 and 126.49 million respectively. 4.6 Receivables from the joint investment company represent amount to be paid by BECL from land use in Si Rat Expressway Project during 15th– 30th years of the contract, amounting to Baht 16,816.00 million. The amount is periodically recognized on the straight-line basis over the contract period of the years 1990–2013 as receivables amounting to Baht 13,781.44 million. For the years ended September 30, 2015, receivables revenue amounts to Baht 560.53 million, total of receivables revenue amounts to Baht 14,341.97 million. Baht 10,600.00 million was paid up, with the remainder of Baht 3,741.79 million and Baht 1,500.00 million recognized as receivables from the Joint Investor due within one year. 4.7 Property, plant and equipment–net comprise Unit : Million Baht 30 September 2014 Cost Accumulated Depreciation Property, Increase Decrease Value at the plant and Value at the Value at the Depreciation Increase Decrease Value at the equipment- beginning of end of period beginning of beginning of period period net period Land 79,889.97 633.80 15.73 80,508.04 - - -- - 80,508.04 Expressway 108,630.11 345.24 - 108,975.35 20,995.03 1,833.99 - - 22,829.02 86,146.33 Building 1,802.17 29.97 - 1,832.14 681.65 51.22 - - 732.87 1,099.27 Office tools 1,261.72 195.41 24.11 1,433.02 906.83 186.34 - 24.11 1,069.06 363.96 Engineering 129.98 4.13 0.04 134.07 92.45 14.93 - 0.04 107.34 26.73 Vehicles 739.32 113.02 0.58 851.76 477.27 38.90 - 0.58 515.59 336.17 Total 192,453.27 1,321.57 40.46 193,734.38 23,153.23 2,125.38 - 24.73 25,253.88 168,480.50 30 September 2015 Unit : Million Baht Cost Accumulated Depreciation Property, Increase Decrease Value at the plant and Value at the Value at the Depreciation Increase Decrease Value at the equipment- beginning of end of period beginning of beginning of period period net period Land 80,508.04 506.33 21.66 80,992.71 - - -- - 80,992.71 Expressway 108,975.35 499.15 - 109,474.50 Building 1,832.14 47.11 - 22,829.02 1,870.82 - - 24,699.84 84,774.66 Office tools 1,433.02 182.18 2.42 1,879.25 Engineering 3.95 1,612.78 732.87 54.61 - - 787.48 1,091.77 Vehicles 134.07 3.76 851.76 55.37 60.20 133.88 1,069.06 147.32 - 2.42 1,213.96 398.82 Total 193,734.38 1,293.90 88.23 846.93 194,940.05 107.34 9.99 - 3.95 113.38 20.50 515.59 48.27 - 60.20 503.66 343.27 25,253.88 2,131.01 - 66.57 27,318.32 167,621.73
105 2015Annual Report The land amounting to Baht 80,992.71 million as of September 30, 2015 includes that of the western Sukhumvit Road area covering 5 Rai 44.2 square wah where EXAT made a memorandum of agreement allowing the Mass Rapid Transit Authority of Thailand stating to utilize the said land for the construction of the Mass Rapid Transit Green Line Project Bearing-Samut Prakan with non-specific time period. EXAT has received the compensation of Baht 78.94 million for such land use which is recognized as the entire revenue. EXAT’s assets that have been fully depreciated and are still in use have the carrying amount before accumulated amortization of Baht 2,585.33 and 1,860.28 million for the years 2015 and 2014 respectively. The detail of expressway–net comprises Unit : Million Baht 30 September 2014 Cost Accumulated Depreciation Expressway net Value at the Increase Decrease Value at the Value at the Depreciation Decrease Value at beginning of end of period beginning of the end of period period period Expressway Chalerm Maha Nakhon 10,394.79 194.50 - 10,589.29 3,803.88 206.33 - 4,010.21 6,579.08 Si Rat Expressway 16,367.18 3.89 - 16,371.07 4,055.51 216.60 - 4,272.11 12,098.96 Chalong Rat Expressway 14,963.55 18.12 - 14,981.67 2,768.64 273.33 - 3,041.97 11,939.70 Burapha Withi Expressway 28,179.14 22.31 - 28,201.45 5,402.10 449.38 - 5,851.48 22,349.97 Udon Ratthaya Expressway 15,107.61 - - 15,107.61 2,946.58 201.57 - 3,148.15 11,959.46 Bang Na-At Narong Expressway 2,248.93 - - 2,248.93 314.96 38.85 - 353.81 1,895.12 Kanchanaphisek Expressway 21,368.91 106.42 - 21,475.33 1,703.36 447.93 - 2,151.29 19,324.04 Total 108,630.11 345.24 - 108,975.35 20,995.03 1,833.99 - 22,829.02 86,146.33 Unit : Million Baht 30 September 2015 Cost Accumulated Depreciation Expressway net Value at the Increase Decrease Value at the Value at the Depreciation Decrease Value at beginning of end of period beginning of the end of period period period Expressway 199.63 - 10,788.92 4,010.21 222.77 - 4,232.98 6,555.94 10,589.29 - - 16,371.07 4,272.11 216.77 - 4,488.88 11,882.19 Chalerm Maha Nakhon 16,371.07 39.79 - 15,021.46 3,041.97 274.49 - 3,316.46 11,705.00 Si Rat Expressway 14,981.67 91.50 - 28,292.95 5,851.48 458.25 - 6,309.73 21,983.22 Chalong Rat Expressway 28,201.45 - - 15,107.61 3,148.15 201.56 - 3,349.71 11,757.90 Burapha Withi Expressway 15,107.61 9.92 - 2,258.85 36.38 - 1,868.66 Udon Ratthaya Expressway 2,248.93 - 21,633.64 353.81 460.60 - 390.19 19,021.75 Bang Na-At Narong Expressway 21,475.33 158.31 - 109,474.50 2,151.29 1,870.82 - 2,611.89 84,774.66 Kanchanaphisek Expressway 108,975.35 499.15 22,829.02 24,699.84 Total 4.8 Land use rights represent the compensation for the use of the State Railway of Thailand’s land covering 318 Rai 6 Ngan 86.80 square wah for constructing the Si Rat-Outer Ring Road Expressway Project with no transfer of land ownership. EXAT has agreed to pay 100% compensation for the foundation area (Expressway pier) and 55% compensation for the elevated expressway area, amounting to Baht 1,561.06 million. 4.9 Construction in progress includes Unit : Million Baht S2 Sector and Northern Route of Third Stage Expressway System 2015 2014 Project–Consulting fee, construction cost and interest 1,291.08 1,276.99 Others 104.66 222.62 Total 1,395.74 1,499.61
106 2015Annual Report 4.10 Deferred charges for engineering administration represent the consulting fee for environmental impact assessment. Others are to be transferred into construction in progress when the construction begins. The details are as follows: Unit : Million Baht 2015 2014 Consulting fee for the foundation inspection of Burapha Withi 26.98 26.98 Others 62.52 36.04 Total 89.50 63.02 4.11 Trade and other payables comprise 2015 Unit : Million Baht 976.53 2014 Trade payables 799.28 433.44 Accrued expenses 276.83 720.87 Accrued loan interest payables 2,052.64 342.63 Total 1,496.94 4.12 Portion of long-term liabilities due within one year comprises 2015 Unit : Million Baht 200.00 2014 Government loans 8,900.00 200.00 EXAT loans 150.00 8,500.00 Loan from Government Savings Bank 250.00 Loan from Land and House Bank Public Co., Ltd. - 250.00 Loan from Bank of Ayudhya Public Co., Ltd. 400.00 - Loan from United Overseas Bank Public Co., Ltd. 500.00 - Loan from Bangkok Bank Public Co., Ltd. 200.00 - Total 10,350.00 9,200.00 4.13 Other current liabilities comprise 2015 Unit : Million Baht 16.88 2014 Withholding tax 108.44 14.37 Retention 19.79 78.31 Expressway card guarantee 0.02 19.79 Easy Pass guarantee 24.60 0.11 Property tax (pending submission) 20.60 19.63 Employee secured creditor 77.45 19.92 Short-term employee benefit obligations 43.66 63.32 Others 311.44 8.74 Total 224.19 4.14 Government loans for EXAT are provided without interest for the loan repayment of the Si Rat Expressway Project, amounting to Baht 9,806.89 million; the Kanchanaphisek toll collection system, the Interchange between Kanchanaphisek and Burapha Withi and the Interchange between Kanchanaphisek and Industrial Ring Road, amounting to Baht 6,372.00 million. The total amount is Baht 16,178.89 million, less Baht 200.00 million of the amount due within one year. As of September 30, 2015, the Government loans are Baht 15,978.89 million in total. 4.15 EXAT bonds comprise Baht 33,650.00 million, less Baht 8,900.00 million the amount due within one year, which left a balance of Baht 24,750.00 million for the following projects:
107 2015Annual Report 2015 Unit : Million Baht Bonds with principal and interest shouldered by EXAT 2014 - Land acquisition cost of Si Rat Expressway 1,000.00 2,000.00 - Construction cost of Third Stage Expressway 400.00 400.00 - Construction cost of Chalong Rat Expressway 2,000.00 3,000.00 - Construction cost of Burapha Withi Expressway 14,900.00 - Construction cost of Kanchanaphisek Expressway 12,850.00 18,900.00 - Construction cost of Ram Inthra – Outer Ring Road Expressway 2,000.00 14,850.00 - Administration 500.00 2,500.00 Total 33,650.00 Less the amount due within one year 8,900.00 500.00 Total 24,750.00 42,150.00 8,500.00 4.16 Long-term loans comprise 33,650.00 2015 Unit : Million Baht Loan from Government Savings Bank 150.00 2014 Loan from Land and House Bank Public Co., Ltd. 400.00 Loan from Bank of Ayudhya Public Co., Ltd. - 250.00 Loan from United Overseas Bank Public Co., Ltd. 600.00 - Loan from Bangkok Bank Public Co., Ltd. 500.00 - Total 200.00 - Less the amount due within one year 1,450.00 650.00 Total 1,250.00 500.00 200.00 150.00 1) Loan from Government Savings Bank of Baht 150.00 million, less the amount due within one year of Baht 150.00 million, which has no balance for the following projects: Unit : Million Baht 2015 2014 Loan with principal and interest shouldered by EXAT - Construction cost of Burapha Withi Expressway 150.00 400.00 Less the amount due within one year 150.00 250.00 Total - 150.00 2) Loan from Land and Houses Bank Public Co. Ltd. has no balance as indicated below. Unit : Million Baht 2014 2015 250.00 Loan with principal and interest shouldered by EXAT 250.00 - Construction cost of Ram Inthra–Outer Ring Road Expressway - - Less the amount due within one year - Total - 3) Loan from Bank of Ayudhya Public Co., Ltd. of Baht 600.00 million, less the amount due within one year of Baht 400.00 million, which left a balance of Baht 200.00 million for the following projects: Unit : Million Baht 2015 2014 Loan with principal and interest shouldered by EXAT - Construction cost of Burapha Withi Expressway 600.00 - Less the amount due within one year 400.00 - Total 200.00 -
108 2015Annual Report 4) Loan from United Overseas Bank Public Co., Ltd. of Baht 500.00 million, less the amount due within one year of Baht 500.00 million, which has no balance for the following projects: Unit : Million Baht 2015 2014 Loan with principal and interest shouldered by EXAT - Construction cost of Burapha Withi Expressway 500.00 - Less the amount due within one year 500.00 - Total - - 5) Loan from Bangkok Bank Public Co., Ltd. of Baht 200.00 million, less the amount due within one year of Baht 200.00 million, which has no balance for the following projects: Unit : Million Baht 2015 2014 Loan with principal and interest shouldered by EXAT - Construction cost of Burapha Withi Expressway 200.00 - Less the amount due within one year 200.00 - Total - - 4.17 Deferred income comprises Cost Accumulated Unit : Million Baht recognized income Historical Deferred income from joint venture Si Rat Expressway 2015 2014 Udon Ratthaya Expressway 16,084.21 13,149.16 2,935.05 3,600.04 Total 14,589.11 8,731.19 5,857.92 6,383.32 Deferred income from donations 30,673.32 21,880.35 8,792.97 9,983.36 Udon Ratthaya Expressway Others 250.00 56.10 193.90 197.23 64.02 62.92 1.10 1.25 Total 314.02 119.02 Deferred income subsidies 195.00 198.48 Chalong Rat Expressway 787.30 19.63 767.67 778.84 (Land acquisition cost) 4.37 - Chalong Rat Expressway (Loan fee) 3,553.00 - 4.37 - Si Rat Expressway 4,344.67 19.63 3,553.00 3,553.00 35,332.01 22,019.00 4,325.04 4,331.84 Total 13,313.01 14,513.68 Overall 4.18 Employee benefit obligations The reconciliation details of present value of the obligations are as follows: Unit : Million Baht 2015 2014 Present value of employee benefit obligations, as at October 1, 2014 799.25 758.24 Current service cost 53.18 48.63 Interest cost 27.34 28.63 Employee benefits paid (16.76) (34.65) Actuarial gains and losses 51.47 (1.60) Present value of employee benefit obligations, as at September 30, 2015 914.48 799.25
109 2015Annual Report The major actuarial assumptions for the calculation of estimated liabilities under the employee benefit project are as follows: 2015 2014 Discount Rate 1.51-3.94% 3.02-4.28% Employee turnover rate 1.19% 0.38% Employee salary increase rate 7.50% 7.50% In this period, EXAT evaluated the present value of the employee benefit obligations and had loss calculated based on the actuarial valuation method for the year ended September 30, 2015 as described below. Unit : Million Baht Loss calculated based on the actuarial valuation method Post-employment benefits Other long-term benefits Change in financial assumptions 56.94 1.45 Change in demographic assumptions (6.81) (0.11) Total 50.13 1.34 Loss calculated based on the actuarial valuation method includes post-employment benefits of Baht 50.13 million and other long-term benefits of Baht 1.34 million and is recognized in other comprehensive income. For employees’ severance pay after resigning from the work in the contribution project, the Expressway Authority of Thailand establishes the provident fund, deducting some part of employees’ salary. The Expressway Authority of Thailand contributes some part. Such provident fund was registered to be provident fund under the Provident Fund Act B.E. 2530 (1987). For the years ended September 30, 2015 and 2014, the Expressway Authority of Thailand paid contribution amount to Provident Fund, totaling Baht 129.69 million and Baht 116.71 million respectively. 4.19 Welfare fund comprises Unit : Million Baht 2015 2014 13.68 13.87 Balance at October 1, 2014 0.61 0.68 Plus Contributions received during the year 0.18 0.28 Higher income than the expense transferred to the Fund 0.60 0.80 Enhanced capital allowance 15.07 15.63 3.11 1.60 Deducted Members resigned 0.14 0.35 Enhanced capital allowance 11.82 13.68 Balance as at September 30, 2015 11.82 13.68 Obligations to pay employee resignations According to EXAT’s regulation No.42 on the Relief Fund, article 8 has stipulated that if the Fund does cover employee resignations, the additional payment will be from the EXAT. 4.20 Other income comprises 2015 Unit : Million Baht 1,190.39 2014 Recognized revenue from joint venture Received revenue from land use 560.53 1,190.39 Revenue from government grants 11.17 560.53 Income from arrangement of benefits in right-of-way 285.22 8.46 Income from investment of debt security 20.08 232.85 Income from interest on deposits 63.98 11.21 Others 133.39 93.46 Total 2,264.76 66.63 2,163.53
110 2015 2014 Increase (Decrease) Unit : Million Baht 2015Annual Report 16,059.90 15,366.92 692.98 Percentage 7,627.74 7,811.41 (183.67) 4.51 4.21 Operation results 8,432.16 7,555.51 876.65 (2.35) 11.60 Income Deducted Expenses Profit for the year As for progress from year 2015, EXAT net profit grew by Baht 876.65 million or equivalent to 11.60 percent. Total income increased by Baht 692.98 million or equivalent to 4.51% and total expenses decreased by Baht 183.67 million or 2.35%. 4.22 Expenses by nature consist of 2015 Unit : Million Baht 2,469.32 2014 Expense regarding employees Employee benefits 147.77 2,187.58 Executive remuneration 12.91 116.48 Committee remuneration 4.28 13.23 Depreciation 2,131.01 3.27 2,125.38 4.23 Joint venture agreement 4.23.1 Si Rat Expressway Project On December 22, 1988, EXAT signed a contact with the Bangkok Expressway Public Company Limited to become the investor on construction, management and as well as maintenance of the Si Rat expressway system for a duration of 30 years from the first day of construction which was on March 1, 1990 and has a proportion of median income as follows: Network in urban area (Chaloem Maha Nakhon and Si Rat Expressway Sector A and B) Share of EXAT (Percentage) Share of the company (Percentage) (1) First 9 years since “The full opening of the first sector” 40 60 (2) Last 9 years “Duration of the contract” 60 40 (3) Duration between (1) and (2) 50 50 Network outside city limits (Si Rat Expressway Sector C) Share of EXAT (Percentage) Share of the company (Percentage) (1) Start counting in the full opening day until completion of Si Rat Expressway Sector B 40 60 (2) From duration after (1) until termination of the contract - 100 The company has fully constructed the first part which are Sector A and C (Chaengwattana-Phayathai-Rama 9 Road) covering total length of 20.4 kilometers and was opened for service on September 2, 1993. As for Sector B with the mainline from Samsen water filtration plant – Bang Klo, covering total length of 9.4 kilometers, the entire route was opened for service on October 6, 1996. 4.23.2 Si Rat Expressway Project Sector D (Rama 9 - Srinakarin route) EXAT signed a contract for the expansion of Si Rat Expressway Project Sector D with the Bangkok Expressway Public Company Limited on April 17, 1997 as the investor for construction, management as well as maintenance of the expressway in the approximate distance of 8 kilometers, and the collected total tolls belongs to the joint venture company because it is in the network outside the city limits. The construction was finished and opened for business on December 2, 1998. 4.23.3 Udon Ratthaya Expressway Project EXAT signed a joint venture contract with the Northern Bangkok Expressway Public Company Limited onSeptember 27, 1996 as the investor of construction, management as well as the maintenance of the expressway for a duration of 30 years - starting on the day the contract is signed. Total length of 32 kilometers can be separated into:
111 2015Annual Report Phase 1, Chaengwatana-Chiang Rak Range with 22 kilometers in length: the construction was finished and the service was provided on December 2, 1998. P hase 2, Chiang Rak-Bang Sai Range with 10 kilometers in length: the construction was finished and the service was provided on November 1, 1999. The total toll income belonged to the joint venture company. The Expressway Authority of Thailand would receive divided share from toll income, when the return on investment exceeds 15.5 percent. 4.24 Value added tax shouldered by EXAT The Expressway Authority of Thailand is responsible for value added tax on behalf of service users in Chalerm Maha Nakhon Expressway, Si Rat Expressway (except Sector D) and Chalong Rat Expressway. Normally, this value added tax shall be collected from the service users, but the Expressway Authority of Thailand cannot collect it from them. From the fiscal years of 1992-2014, the amount of value added tax shouldered by the Expressway Authority of Thailand is Baht 14,624.21 million. In fiscal year 2014 ended September 30, 2014, it amounts to Baht 1,067.21 million and the total amount is Baht 15,691.42 million. 4.25 Contingent liabilities As of September 30, 2015, EXAT had liabilities that might occur from being litigated for a total of 26 cases, amounting to Baht 40,869.35 million. At present, the cases are under the consideration of the arbitral tribunal and the courts. EXAT believed that there would not be any damage from the case result to the Expressway Authority of Thailand with important essence. Therefore, EXAT did not record and set up provisions which may arise in the account as indicated below. Pending No. of Cases Unit : Million Baht Disputes 1 2,083.53 - Compensation for damages and breaching Arbitration 7 19,800.84 of the agreement (Consideration Committee) 4 8,647.28 - Compensation for damages and breaching Arbitration Committee 12 30,531.65 of the agreement 7 - Compensation for damages and breaching Supreme Administrative Court 37.58 of the agreement 6 Total 1 10,038.65 C ases 14 261.47 - C laiming for additional compensation for land and Court of First Instant and 26 caogmrepemenesnattion for damages and brrea ching of the Appeal Court 10,337.70 - Claiming for additional compensation for land and Supreme Court 40,869.35 compensation for damages - Claiming for additional compensation for land Supreme Administrative Court Total Grand Total 4.25.1 Dispute that the Expressway Authority of Thailand has been sued or called for compensation during dispute consideration process in consideration committee consists of 1 case in total, amounting to Baht 2,083.53 million as follows: Bangkok Expressway Public Co., Ltd. submitted a statement of claim on June 20, 2014 calling for EXAT to pay damages from adjusting the expressway toll rates of the second stage expressway system project in 2013, together with interest under the contract for the amount of Baht 2,083.53 million Baht from the fact that EXAT adjusted the toll rate under the notification of the Ministry of Transport dated August 2, 2013. The dispute is currently in the state of determining a hearing date by the consideration committee. 4.25.2 Disputes that EXAT has been sued or called for compensation pending the arbitral tribunal’s consideration in 7 cases for the amount of Baht 19,800.84 million are described below. (1) Bangkok Expressway Public Co., Ltd. submitted a statement of claim on June 8, 2000, calling for EXAT to compensate the effect from “exception event” under Clause 19 of the contract due to economic fluctuations in Thailand, amounting to Baht 5.12 million together with interest. The economic fluctuations result in inflation and high interest condition continuously, causing the company to bear the interest at a higher rate than that specified in the contract. The dispute is currently in the stage of fixing a hearing date by the arbitrators.
112 2015Annual Report (2) Bilfinger + Berger Bauaktiengesellschaft, Ch. Kanchang Public Co., Ltd. and Dyckerhoff and Widmann AG, in the name of BBCD Joint Venture submitted a statement of claim on October 16, 2000, calling for EXAT to pay additional installation cost of lighting electricity system in the Burapha Withi Expressway Project, amounting to Baht 316.17 million, together with interest rate of 7.5 percent per annum. The dispute is currently in the stage of fixing a hearing date by the arbitrators. (3) Bangkok Expressway Public Co., Ltd. submitted a statement of claim on May 14, 2008, calling for EXAT to pay damages (Network in urban area and outside the city limits of the second stage expressway system) from adjusting the expressway toll rate of 2003, amounting to Baht 4,368.00 million, together with interest under the contract. Additionally, compensation shall be paid amounting to the difference between the toll rates of each vehicle type of the networks in urban area and outside the city limits under the notification of the Ministry of Transport dated August 29, 2003 and the toll rates as claimed by the company until the toll rates are adjusted and enforced in accordance with the claim no later than August 31, 2008 with interest under the contract until payment is completed. The dispute is currently in the stage of witness examination. (4) Bangkok Expressway Public Co., Ltd. submitted a statement of claim on July 24, 2008, calling for EXAT to pay monetary damages amounting to the difference between the toll rates of each vehicle type of the second stage expressway, Sector D, totaling Baht 1,048.24 million together with interest under the contract. Additionally, compensation shall be paid amounting to the difference between the toll rates of each vehicle type of the second stage expressway, Sector D under the notification of the Ministry of Transport, dated August 29, 2003 and the toll rates as claimed by the company until the toll rates are adjusted and enforced in accordance with the claim no later than August 31, 2008 together with interest under the agreement until payment is completed. The dispute is currently in the stage of witness examination. (5) Bangkok Expressway Public Co., Ltd. submitted a statement of claim on June 13, 2013, calling for EXAT to pay monetary damages from adjusting the expressway toll rates of the second stage expressway in 2008, amounting to the difference between the toll rates of each vehicle type of the networks in urban area and outside the city limits according to the toll rates under the statement of claim and the notification of the Ministry of Transports dated August 15, 2008. Amount in dispute is Baht 9,091.79 million. The dispute is currently in the stage of filing the witness’ statements in writing and interrogating witness (if any). (6) Bangkok Expressway Public Co., Ltd. submitted a statement of claim on June 28, 2013, calling for EXAT to pay monetary damages from adjusting the expressway toll rates of the second stage expressway, Sector D in 2008, amounting to the difference between the toll rates of each vehicle type of the second stage expressway system, Sector D according to the toll rates under the statement of claim and the notification of the Ministry of Transport dated August 15, 2008. Amount in dispute is Baht 4,062.83 Baht. The dispute is currently in the stage of appointing the arbitrators for both parties. (7) Northern Bangkok Expressway Co., Ltd. submitted a statement of claim to the Thai Arbitration Institute on October 22, 2013, calling for EXAT to pay damages from adjusting the toll rates of the expressway in 2003, amounting to the difference between the toll rates of Bang Pa In – Pak Kret Expressway according to the toll rates under the statement of claim and the notification of the Ministry of Transport dated August 29, 2003. Amount in dispute is Baht 908.69 million. The dispute is currently in the stage of appointing the arbitrators for both parties. 4.25.3 Disputes pending in the Supreme Administrative Court contain 4 cases, amounting to Baht 8,647.28 million as indicated below. (1) Italian-Thai Development Public Co., Ltd. submitted a statement of claim on December 9, 1999 calling for EXAT to pay the additional employment cost of the expressway construction for the interchange project between Din Daeng-Don Mueang elevated way and the first and second stage expressway systems, amounting to Baht 52.04 million together with interest. On June 18, 2007, the arbitral tribunal decided to cancel the claimant’s statement of claim. Later, the company submitted a petition to the Civil Court in order to withdraw the decision of the arbitral tribunal and call for damages from EXAT, amounting to Baht 81.40 million. The Civil Court transferred the case to the Central Administrative Court on March 27, 2013. The Central Administrative Court had judgment to cancel the petition of the company. The company submitted an appeal against the judgment of the Central Administrative Court. On June 26 2014, the public prosecutor authorized by EXAT submitted an appeal amendment to the Supreme Administrative Court. The case is currently under the decision of the Supreme Administrative Court.
113 2015Annual Report (2) Ch. Karnchang Public Co., Ltd. submitted lawsuit against EXAT to the Central Administrative Court on October 14 2008, calling for EXAT to pay the interest from extending the construction period under the construction contract of Bang Phli-Suksawat Expressway Project (Bang Phli-Bang Khun Thian) for two times, amounting to Baht 248.00 million together with interest. On February 21, 2013, the Central Administrative Court had judgment for EXAT to complete payment of the money together with interest within 60 days, from the day of final judgment. EXAT submitted an appeal against the judgment of the Central Administrative Court on March 22, 2013 and the public prosecutor authorized by EXAT submitted an appeal to the Supreme Administrative Court. The case is currently under the consideration of the Supreme Administrative Court. (3) Northern Bangkok Expressway Co., Ltd. (NECL) submitted a statement of claim on December 20, 2004 calling for EXAT to compensate the toll revenue for the decreasing part due to the opening of Utrapimuk Elevated Tollway for use (Don Mueang Tollway, the National Memorial Monument to Rangsit section) which was deemed as a competing way, amounting to Baht 1,790.00 million, together with interest under the contract. Later, the arbitral tribunal had absolute decision for EXAT to pay compensation according to the company’s claim together with interest under the contract. On March 3, 2009, the public prosecutor authorized by EXAT filed a petition to the Central Administrative Court in order to request for withdrawal of the arbitral tribunal’s absolute decision. Later, on September 1, 2011, the company submitted a petition to request the Central Administrative Court to have a judgement or an order together with issuing an enforcement for EXAT to comply with the decision of the arbitral tribunal, in case that the arbitral tribunal made a final decision for EXAT to pay monetary compensation as claimed by the company together with interest under the contract, amounting to Baht 3,296.72 million. The public prosecutor authorized by EXAT submitted an appeal to the Supreme Administrative Court on May 31, 2013. The case is currently under the Supreme Administrative Court’s consideration. (4) Bangkok Expressway Public Co.,Ltd. submitted a statement of claim calling for EXAT to share the toll revenue of the urban area network that the company should receive, amounting to Baht 3,831.48 million, together with interest under the contract which is caused by different counting of the opening day of the first area. Later, the arbitral tribunal had the award for EXAT to pay monetary compensation as claimed by the company together with interest under the contract. On April 20, 2009, EXAT submitted a petition to the Central Administrative Court in order to request for withdrawal of the arbitral tribunal’s absolute decision. Later, on October 19, 2011, the company filed a petition to request for a judgement or an order together with issuance of an enforcement for EXAT to comply with the award and order of the arbitral tribunal by computing additional interest until the date of prosecution for the amount of Baht 1,189.68 million. The total amount of money is Baht 5,021.16 million. On September 13, 2013, the Central Administrative Court had a judgment to cancel EXAT’s petition requesting revocation of the arbitral tribunal’s award and to enforce the arbitral tribunal’s absolute decision. On October 11, 2013, the public prosecutor authorized by EXAT filed an appeal to the Supreme Administrative Court. The case is currently under the Supreme Administrative Court’s consideration. 4.26 Cost of land acquisition for rapid transit projects As of September 30, 2015, the land where EXAT arranged land acquisition for the Mass Rapid Transit Authority of Thailand (MRTA), but the ownership has not been transferred to MRTA yet costs Baht 328.40 million. 4.27 Cost of land expropriation waiting to be paid As of September 30, 2015, EXAT’s compensation for land expropriation waiting to be paid to individuals whose land was expropriated but have not come to receive the money yet is deposited in Government Savings Bank for the amount of Baht 380.76 million. 4.28 Remuneration to executives Unit : Million Baht 2015 2014 Remuneration to directors 4.28 3.27 Remuneration to executives 12.91 9.05 Benefits to executive 2.62 4.51 Total 19.81 16.83 Remuneration to directors comprises bonus to directors and meeting allowance. Remuneration to executives comprises salary and bonus of executives from level of Deputy Governor onwards. Benefits to executive comprise the Governor’s rights of benefits.
115 2015Annual Report Significant Statistics Comparison of all types of vehicles using Chaloem Maha Nakhon, Si Rat, Chalong Rat, Burapha Withi, Udon Ratthaya and Kanchanaphisek (Bang Phli-Suksawat) expressways in fiscal year 2011-2014. 2Y0e1a5r 26,868,869 51,017,80171,892,014 136,882,311 251,493,749 2Y0e1a4r 85,536,129 131,756,605 240,151,737 2Y0e1a3r 136,462,061 244,228,179 2Y0e1a2r 25,122,877 50,992,50067,911,721 132,187,491 238,012,288 2Y0e1a1r 76,120,745 129,054,018 227,094,159 0 24,863,092 49,804,92965,855,519 200,000,000 250,000,000 300,000,000 72,403,119 20,880,408 40,595,961 60,658,020 66,992,049 21,467,13918,963,874 54,540,037 56,422,592 50,000,000 100,000,000 150,000,000 Chaloem Maha Nakhon Si Rat Chalong Rat Burapha Withi Udon Ratthaya Kanchanaphisek (Bang Phli-Suksawat) Total number of vehicles in 2015 is 623,690,873 units (trips). The number of vehicles using Chaloem Maha Nakhon, Si Rat, Chalong Rat, Burapha Withi, Udon Ratthaya and Kanchanaphisek (Bang Phli-Suksawat) expressways classified by types of vehicles for fiscal year 2015 Chaloem Maha 733,84,6298,4127 132,674,900 Nakhon Si Rat 2734,9,95507,249 247,268,543 Chalong Rat 183524,,651343 70,904,867 250,000,000 Burapha Withi 520,555,325,0795 47,960,349 Udon Ratthaya 3521,28,33430 26,494,696 Kanchanaphisek 75,187,887 (Bang Phli- 3,369,994,684,6101 Suksawat) 100,000,000 0 50,000,000 150,000,000 200,000,000 300,000,000 4 wheels 6-10 wheels > 10 wheels
116 2015Annual Report The number of all types of vehicles using Chaloem Maha Nakhon Expressway (First Stage Expressway System) classified by toll plaza for fiscal year 2015 Din Daeng 20,395,753 Petchaburi 3,448,759 19,534,513 19,406,394 Sukhumvit 5,560,377 20,000,000 25,000,000 Rama IV 1 6,577,362 Total 136,882,311 vehicles (trips) River Side 6,976,277 Port 1 3,301,157 Port 2 4,198,506 At Narong 2,928,864 Sukhumvit 62 4,993,318 Bang Na Sathu Pradit 1 4,756,325 Sathu Pradit 2 1,427,155 Suksawat 9,021,292 Dao Khanong Rama IV 2 6,040,372 Din Daeng 1 2,905,727 Bang Chak 6,795,527 At Narong 1 (Bang Na) 2,465,218 At Narong 1 (Port) 5,886,367 At Narong 3 263,048 5,000,000 10,000,000 15,000,000 0 Remarks: At Narong 3 Toll Plaza was open for service on October 8, 2014.
117 2015Annual Report The number of all types of vehicles using Si Rat Expressway (Second Stage Expressway System) classified by toll plaza for fiscal year 2015 Asoke 1 8,726,011 Asoke 2 1,881,895 Phahon Yothin 1 2,112,940 Phahon Yothin 2 2,240,970 Khlong Prapa 1 Khlong Prapa 2 2,626,871 Phahon Yothin Area 4,154,415 Bang Sue 5,223,757 Ratchadaphisek Prachachuen (inbound) Urban 2,681,055 Sathu Pradit 3 5,182,458 22,529,494 Chan Sathorn 1,568,431 Surawong 3,968,772 Saphan Sawang Hua Lamphong 2,808,308 Uruphong 6,520,356 Yommarat Rama III 4,072,745 Asoke 4 5,796,526 Prachachuen (outbound) Ngam Wong Wan 1 1,597,922 Ngam Wong Wan 2 8,715,400 Prachachuen 1 Prachachuen 2 2,254,846 Prachachuen (inbound) Suburban 23,396,311 Srinakarin 22,835,411 Asoke 3 Rama IX 3,315,451 Ramkhamhaeng 4,251,947 Rama IX-1 6,499,621 Asoke 3-1 8,987,167 22,529,494 0 21,732,913 21,143,318 5,163,565 2,712,172 10,076,489 4,186,718 5,000,000 10,000,000 15,000,000 20,000,000 25,000,000 Total 251,493,749 vehicles (trips)
118 2015Annual Report The number of all types of vehicles using Chalong Rat Expressway (Ram Inthra-At Narong Expressway and Ram Inthra-Outer Bangkok Ring Road Expressway) classified by toll plaza for fiscal year 2015 Ram Inthra 5,238,076 8,798,863 Yothin Phatthana 5,789,218 8,955,815 Lat Phrao 3,510,777 Pracha Uthit 4,665,250 5,888,894 Rama IX-2 Rama IX-1 (Chalong Rat) 2,557,198 4,028,382 Phatthanakan 1 5,868,993 Phra Khanong At Narong 2 (Port) 1,610,923 At Narong 2 (Bang Na) 2,322,318 Phatthanakan 2 3,363,066 At Narong 3-S1 4,859,415 Ram Inthra 1 3,484,014 Sukhaphiban 5-1 Sukhaphiban 5-2 950,812 Chatu Chot 0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 Total 71,892,014 vehicles (trips) The number of all types of vehicles using Burapha Withi Expressway (Bang Na-Chon Buri Expressway) classified by toll plaza for fiscal year 2015 Bang Na km. 6 (inbound) 7,393,718 Bang Na 3 Bang Kaew 5,786,768 Bang Na km. 9-1 1,052,828 Bang Kaew (ORR) 401,452 Bang Na km. 9-2 5,903,493 Bang Phli 1 Bang Phli 2 314,549 Suvarnabhumi 1 1,122,760 Suvarnabhumi 2 3,624,125 Mueang Mai Bang Phli 1,068,023 Bang Sao Thong 1,100,174 2,371,408 Bang Bo 3,015,085 Bang Phli Noi 1,151,850 Bang Samak 2,208,058 3,742,824 Bang Wua Bang Pakong 1 127,256 Bang Pakong 2 1,638,982 Chon Buri 71,853 0 2,000,000 4,000,000 6,000,000 8,922,595 8,000,000 10,000,000 Total 51,017,801 vehicles (trips)
119 2015Annual Report The number of all types of vehicles using Udon Ratthaya Expressway (Bang Pa In-Pakkret Expressway) classified by toll plaza for fiscal year 2015 Mueang Thong Thani Outbound 500,000 1,036,104 1,875,616 Mueang Thong Thani Inbound 1,000,000 1,500,000 3,021,526 Sisaman Outbound 3,624,027 Sisaman Inbound Bang Phun Outbound 2,241,819 Bang Phun Inbound 3,153,509 Chiang Rak Outbound Chiang Rak Inbound 2,529,688 Bang Pa In Outbound 2,931,668 Bang Pa In Inbound 3,331,311 3,123,601 0 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 Total 26,868,869 vehicles (trips) The number of all types of vehicles using Kanchanaphisek Expressway (Bang Phli-Suksawat) classified by toll plaza for fiscal year 2015 Bang Khun Thian (Exit 1) 10,722,223 Bang Khun Thian (Exit 2) 2,444,567 Bang Khun Thian (Exit 3) 6,949,426 Bang Khru (Exit 1) 5,566,772 Bang Khru (Exit 2) 1,604,733 Pak Nam (Exit 1) 2,334,591 Pak Nam (Exit 2) 1,634,036 Pak Nam (Exit 3) 852,767 Pak Nam (Exit 4) 2,076,334 Pu Chao Saming Phrai (Outbound) Bang Mueang (Exit 1) 8,730,253 Bang Mueang (Exit 2) 3,796,711 Bang Mueang (Exit 3) 3,360,455 Thepharak (Exit 1) Thepharak (Exit 2) 4,263,813 Thepharak (Exit 3) 761,621 Thepharak (Exit 4) Bang Kaew (Exit 1) 1,788,210 Bang Kaew (Exit 2) 3,402,512 Bang Kaew (Exit 3) 3,104,100 0 5,241,934 9,135,013 7,766,058 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 Total 85,536,129 vehicles (trips)
120 2015Annual Report The number of vehicles using Easy Pass in Chaloem Maha Nakhon Expressway (First Stage Expressway System) classified by toll plaza for fiscal year 2015 Din Daeng 6,480,813 Petchaburi 1,196,727 Sukhumvit 2,393,492 Rama IV 1 2,560,484 River Side 2,676,315 Port 1 1,220,479 Port 2 1,663,039 At Narong 1,188,651 Sukhumvit 62 1,645,959 Bang Na 6,057,480 Sathu Pradit 1 1,674,511 Sathu Pradit 2 625,294 Suksawat 2,707,549 Dao Khanong 5,903,000 Rama IV 2 2,422,987 Din Daeng 1 930,581 Bang Chak 2,724,669 At Narong 1 (Bang Na) 1,068,686 At Narong 1 (Port) 2,016,571 At Narong 3 90,519 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 0 1,000,000 Total 47,247,806 vehicles (trips) Remarks: At Narong 3 Toll Plaza was open for service on October 8, 2014.
121 2015Annual Report The number of vehicles using Easy Pass in Si Rat Expressway (Second Stage Expressway System) classified by toll plaza for fiscal year 2015 Asoke 1 3,056,944 Asoke 2 836,539 Phahon Yothin 1 750,298 Phahon Yothin 2 595,372 Khlong Prapa 1 Khlong Prapa 2 1,021,141 Phahon Yothin Area 1,693,472 Bang Sue 1,786,536 Ratchadaphisek Prachachuen (inbound) Urban 527,351 Sathu Pradit 3 1,748,468 Chan 655,090 2,843,129 7,687,966 Sathorn 1,304,049 Surawong 8,455,607 Saphan Sawang 1,147,827 8,179,570 Hua Lamphong 2,232,456 Uruphong 7,687,966 Yommarat 1,715,416 7,563,126 Rama III 2,132,023 Asoke 4 7,970,470 Prachachuen (outbound) 516,740 Ngam Wong Wan 1 8,000,000 10,000,000 Ngam Wong Wan 2 844,478 Total 87,103,908 vehicles (trips) Prachachuen 1 Prachachuen 2 961,523 Prachachuen (inbound) Suburban 1,128,379 Srinakarin Asoke 3 1,676,587 Rama IX 2,220,362 Ramkhamhaeng Rama IX-1 1,654,602 4,261,586 Asoke 3-1 1,085,230 4,000,000 6,000,000 0 1,163,605 2,000,000
122 2015Annual Report The number of vehicles using Easy Pass in Chalong Rat Expressway (Ram Inthra-At Narong Expressway and Ram Inthra-Outer Bangkok Ring Road Expressway) classified by toll plaza for fiscal year 2015 Ram Inthra 1,668,132 Yothin Phatthana 2,331,730 Lat Phrao Pracha Uthit 1,134,599 Rama IX-2 Rama IX-1 (Chalong Rat) 1,902,696 Phatthanakan 1 1,766,950 Phra Khanong At Narong 2 (Port) 3,635,366 Phatthanakan 2 At Narong 3-S1 1,290,947 Ram Inthra 1 1,475,692 Sukhaphiban 5-1 Sukhaphiban 5-2 2,932,450 Chatu Chot 875,099 1,647,156 1,118,696 1,283,721 0 221,357 2,703,643 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 Total 25,988,234 vehicles (trips) The number of vehicles using Easy Pass in Burapha Withi Expressway (Bang Na-Chon Buri Expressway) classified by toll plaza for fiscal year 2015 Bang Na km. 6 (inbound) 5,457,540 Bang Kaew 463,379 Bang Na km. 9-1 Bang Kaew (ORR) 229,457 Bang Na km. 9-2 1,606,293 Bang Phli 1 Bang Phli 2 125,688 Suvarnabhumi 1 Suvarnabhumi 2 476,260 Mueang Mai Bang Phli Bang Sao Thong 1,138,592 Bang Bo 497,111 Bang Phli Noi Bang Samak 341,811 Bang Wua 898,857 Bang Pakong 1 Bang Pakong 2 903,583 Chon Buri 332,580 597,074 993,534 37,309 430,263 20,452 2,270,600 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 Total 16,820,383 vehicles (trips)
123 2015Annual Report The number of vehicles using Easy Pass in Kanchanaphisek Expressway (Bang Phli-Suksawat) classified by toll plaza for fiscal year 2015 Bang Khun Thian (Exit 1) 1,987,468 Bang Khun Thian (Exit 2) 507,794 Bang Khun Thian (Exit 3) 1,130,883 Bang Khru (Exit 1) 1,374,112 Bang Khru (Exit 2) 708,005 Pak Nam (Exit 1) 612,049 Pak Nam (Exit 2) 392,998 Pak Nam (Exit 3) 261,115 Pak Nam (Exit 4) 621,907 Pu Chao Saming Phrai 2,770,490 (Outbound) 1,113,638 Bang Mueang (Exit 1) Bang Mueang (Exit 2) 922,813 Bang Mueang (Exit 3) 1,509,260 Thepharak (Exit 1) 197,597 Thepharak (Exit 2) 544,565 Thepharak (Exit 3) 832,340 Thepharak (Exit 4) 930,557 Bang Kaew (Exit 1) 3,702,840 Bang Kaew (Exit 3) 1,680,486 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 Total 21,800,917 vehicles (trips)
124 2015Annual Report
125 2015Annual Report
126 2Annual 015Report Si Saman Toll Plaza Si Saman Toll (Outbound) Plaza Muang Thong Toll Plaza (Inbound) (Outbound) Muang Thong Toll Plaza (Inbound) Chatu Chot Toll Plaza Sukhaphiban 5-2 Sukhaphiban 5-1 Toll Plaza Toll Plaza Ngamwongwan 1 Ram Inthra 1 Toll Plaza Toll Plaza Prachachuen Toll Plaza Ngamwongwan 2 Ram Inthra (Outbound) Toll Plaza Toll Plaza Prachachuen 1 Toll Plaza Prachachuen Toll Plaza (Inbound) Prachachuen 2 Toll Plaza Ratchadaphisek Toll Plaza Bang Sue Toll Plaza Yothin Phatthana Toll Plaza Lat Phrao Toll Plaza Phaholyothin Toll Plaza Khlong Prapa 1 Toll Plaza
Toll Plaza Phaholyothin Toll Plaza Khlong Prapa 1 Toll Plaza Khlong Prapa 2 Rama IX-2 Toll Plaza Toll Plaza Phaholyothin 1 Rama IX Toll Plaza Toll Plaza Din Daeng Toll Plaza Pracha Uthit Toll Plaza Din Daeng 1 Toll Plaza Rama IX-1 (Chalong Rat) Toll Plaza Yommarat Phaholyothin 2 Asoke 2 Toll Plaza Toll Plaza Toll Plaza Asoke 3 Toll Plaza Hua Lamphong Toll Plaza Urupong Petchaburi Asoke 4 Rama IX-1 (Si Rat) Surawong Toll Plaza Toll Plaza Toll Plaza Toll Plaza Toll Plaza Asoke 1 Chan Sukhumvit Toll Plaza Srinakarin Toll Plaza Toll Plaza Toll Plaza Rama III Ramkhamhaeng Phatthanakan 1 Toll Plaza Saphan Sawang Toll Plaza Toll Plaza Toll Plaza Suksawat Phatthanakan 2 Toll Plaza Toll Plaza Rama IV 1 Phra Khanong 2 Toll Plaza Toll Plaza Port 2 At Narong 2 Toll Plaza Toll Plaza Rama IV 2 Toll Plaza Sathon Toll Plaza Sathu Pradit 1 Port 1 At Narong At Narong 1 Toll Plaza Toll Plaza Toll Plaza Toll Plaza River Side Toll Plaza Dao Khanong Sathu Pradit 2 Sukhumvit 62 Toll Plaza Toll Plaza Toll Plaza Bang Chak Sathu Pradit 3 Toll Plaza Toll Plaza Bang Na Bang Na km. 6 (outbound) Toll Plaza Toll Plaza Bang Na km. 6 (inbound) 127 Toll Plaza 201Annual5Report Bang Kaew Toll Plaza
128 2Annual 015Report Burapha Withi Expressway (Bang Na-Chon Buri Expessway) Phra Khanong Toll Plaza At Narong 2 Toll Plaza At Narong 1 Toll Plaza Sukhumvit 62 Toll Plaza Bang Chak Bang Na km. 6 (outbound) Toll Plaza Toll Plaza Bang Kaew (Exit 3) Bang Na Toll Plaza Toll Plaza Bang Na km. 9-1 Toll Plaza Bang Na km. 9-2 Toll Plaza Bang Na km. 9-3 Toll Plaza Pak Nam (Exit 2) Bang Na km. 6 (inbound) Bang Kaew (ORR) Toll Plaza Toll Plaza Toll Plaza Bang Kaew Suvarnabhumi 2 Toll Plaza Toll Plaza Bang Kaew (Exit 1, 2) Toll Plaza Bang Phli 2 Toll Plaza Pak Nam (Inbound 2) Thepharak (Inbound 2) Bang Phli 1 Suvarnabhumi 1 Toll Plaza Toll Plaza Toll Plaza Toll Plaza Bang Mueang (Exit 3) Bang Kaew (inbound) Mueang Mai Bang Phli Toll Plaza Bang Mueang (Exit 1) Toll Plaza Toll Plaza Toll Plaza Thepharak (Exit 4) Toll Plaza Bang Mueang (inbound 2) Toll Plaza Thepharak (Exit 3) Toll Plaza Bang Mueang (inbound 1) Thepharak (Exit 2) Toll Plaza Toll Plaza Bang Mueang (Exit 2) Thepharak (Exit 1) Bang Bo Toll Plaza Toll Plaza Toll Plaza Thepharak (Inbound 1) Toll Plaza Bang Sao Thong Toll Plaza Bang Phli Noi Toll Plaza Bang Samak Toll Plaza Bang Wua Toll Plaza Bang Pakong 1 Toll Plaza
129 2015Annual Report Udon Ratthaya Expessway Bang Pa In Inbound Toll Plaza Bang Pa In Outbound Toll Plaza Chiang Rak Outbound Toll Plaza Chiang Rak Inbound Toll Plaza Bang Phun Outbound Bang Phun Inbound Toll Plaza Toll Plaza Sisaman Outbound Toll Plaza Mueang Thong Thani Outbound Sisaman Toll Plaza Inbound Toll Plaza Mueang Thong Thani Inbound Toll Plaza
130 2Annual 015Report Kanchanaphisek (Bang Phli-Suksawat) Expessway Dao Khanong Bang Chak Toll Plaza Toll Plaza Suksawat Bang Na km. 6 (Outbound) Toll Plaza Toll Plaza Bang Na Bang Na km. 6 (inbound) Bang Kaew 3 (Exit 3) Toll Plaza Toll Plaza Toll Plaza Bang Na km. 9-1 Toll Plaza Bang Na km. 9-2 Toll Plaza Bang Khun Thian (Exit 1) Toll Plaza Bang Kaew Bang Na km. 9-3 Toll Plaza Toll Plaza Bang Khun Thian (Inbound 1) Toll Plaza Pak Nam 3 (Exit 2) Toll Plaza Bang Kaew (ORR) Toll Plaza Bang Khun Thian (Inbound 2) Bang Khru 3 (Exit 2) Toll Plaza Pak Nam 3 (Exit 1) Toll Plaza Bang Kaew 2 (Exit 1, 2) Toll Plaza Bang Phli 1 Suvarnabhumi 2 Toll Plaza Bang Khru 2 (Exit 1) Toll Plaza Toll Plaza Toll Plaza Pak Nam 1 (Inbound 1) Bang Khun Thian (Exit 2) Toll Plaza Bang Khru 1 (Inbound 1) Toll Plaza Bang Phli 2 Bang Khun Thian (Exit 3) Toll Plaza Toll Plaza Toll Plaza Pak Nam 3 (Exit 3) Toll Plaza Pak Nam 2 (Inbound 2) Thepharak 4 Bang Kaew 1 Inbound Suvarnabhumi 1 Toll Plaza (Inbound 2) Toll Plaza Toll Plaza Bang Mueang 2 (Exit 3) Toll Plaza Toll Plaza Thepharak 5 (Exit 4) Toll Plaza Bang Mueang 3 (Exit 1) Toll Plaza Bang Mueang 2 (Inbound 2) Thepharak 4 (Exit 3) Toll Plaza Toll Plaza Pak Nam 2 (Exit 4) Toll Plaza Thepharak 3 (Exit 2) Toll Plaza Bang Mueang 1 (Inbound 1) Thepharak 2 (Exit 1) Toll Plaza Toll Plaza Thepharak 1 (Inbound 1) Toll Plaza Bang Mueang 4 (Exit 2) Toll Plaza
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