OTHER RECEIVABLE. 27.1) A subsidiary has hired a freight forwarder in accordance with hiring agreement dated on September 18, 2007 and a deposit of Baht 7 million has been prepaid to comply with the term of this agreement. Consequently, such person has failed to render the services and refused to return all the deposit to the subsidiary. Hence, the subsidiary has forced two companies to effort the debt as a guarantor of this agreement, the details of the settlement method are shown below:
27.1.1) In accordance with the obligation acceptance letter dated September 24, 2007, a company is obligated to pay a debt in the amount of Baht 3.5 million by exchanging with the provided service charge that the subsidiary has to pay for utilizing such service based on a monthly rate of Baht 84,000. As at March 31, 2009, its subsidiary already received fulfill.
27.1.2) According to a price quotation and purchase order for account settlement dated October 11, 2007, a company has accepted an obligation to pay the amount of debt of Baht 3.5 million. The said company has compromised to settle the debt by exchanging its services with the subsidiary. At present, the company as above has quitted and it makes the service and purchase goods proposals for liquidation are useless. So, the Company has been negotiating with the company of 27.1.1 to repay for the remaining debt in the amount of Baht 3.50 million. As at December 31, 2009, its subsidiary already received in the amount of Baht 1.67 million.
OTHER RECEIVABLE. 27.1) A subsidiary has hired a freight forwarder in accordance with hiring agreement dated on September 18, 2007 and a deposit of Baht 7 million has been prepaid to comply with the term of this agreement. Consequently, such person has failed to render the services and refused to return all the deposit to the subsidiary. Hence, the subsidiary has forced two companies to effort the debt as a guarantor of this agreement, the details of the settlement method are shown below:
27.1.1) In accordance with the obligation acceptance letter dated September 24, 2007, a company is obligated to pay a debt in the amount of Baht 3.5 million by exchanging with the provided service charge that the subsidiary has to pay for utilizing such service based on a monthly rate of Baht 84,000. The first installment will be settled on October 31, 2007 and the rest of the installment at every ending of each month. The said account receivable has to fulfill the contractual obligation within December 31, 2008. As at March 31, 2009, its subsidiary already received fulfill.
27.1.2) According to a price quotation and purchase order for account settlement dated October 11, 2007, a company has accepted an obligation to pay the amount of debt of Baht 3.5 million. The said company has compromised to settle the debt by exchanging its services with the subsidiary; however, this must be done under the price that is determined in the price quotation as mentioned above. Currently, the price quotation is under consideration of the subsidiary. At present, the company as above has quited and it makes the service and purchase goods proposals for liquidation are useless. So, the Company has been negotiating with the company of 27.1.1 to repay for the remaining debt in the amount of Baht 3.50 million. In quarter 1/2009, its subsidiary already received in the amount of Baht 0.06 millon.
OTHER RECEIVABLE. 28.1) A subsidiary has hired a freight forwarder in accordance with hiring agreement dated on September 18, 2007 and a deposit of Baht 7 million has been prepaid to comply with the term of this agreement. Consequently, such person has failed to render the services and refused to return all the deposit to the subsidiary. Hence, the subsidiary has forced two companies to effort the debt as a guarantor of this agreement, the details of the settlement method are shown below:
28.1.1) In accordance with the obligation acceptance letter dated September 24, 2007, a company is obligated to pay a debt in the amount of Baht 3.5 million by exchanging with the provided service charge that the subsidiary has to pay for utilizing such service based on a monthly rate of Baht 84,000. The first installment will be settled on October 31, 2007 and the rest of the installment at every ending of each month. The said account receivable has to fulfill the contractual obligation within December 31, 2008.
28.1.2) According to a price quotation and purchase order for account settlement dated October 11, 2007, a company has accepted an obligation to pay the amount of debt of Baht 3.5 million. The said company has compromised to settle the debt by exchanging its services with the subsidiary; however, this must be done under the price that is determined in the price quotation as mentioned above. Currently, the price quotation is under consideration of the subsidiary. At present, the company as above has quited and it makes the service and purchase goods proposals for liquidation are useless. So, the Company has been negotiating with the company of 5.1 to repay for the remaining debt in the amount of Baht 3.50 million. A subsidiary has fully reserved an allowance for doubtful debt of such uncollectible account receivable in amounting of Baht 7.0 million. Received repayment from the two guarantors companies as mentioned above will be recognized as another income within that receiving period. However, the subsidiary was already repaid at Baht 0.67 million during the year 2007. Therefore, the remaining allowance for doubtful debts as at December 31, 2007 amounted to Baht 6.33 million. For the year ended December 31, 2008 the subsidiary was repaid an additional amount of Baht
OTHER RECEIVABLE. Quo Advertising agreed to assign all its Other Receivable as of December 31, 2009 to Linkrich Enterprise or its assignee on January 1, 2010, and to notify the relevant customers to make remittance directly to the bank account of Linkrich Enterprise or its assignee. In the event that Quo Advertising receives any relevant payment directly, Quo Advertising and Linkrich Enterprise shall clear such balance according to Clause 1.9 – Settlement of Accounts as stated in this Agreement.
OTHER RECEIVABLE. This account consisted of:- Baht Consolidated financial statements Separate financial statements As at June 30, 2019 As at December 31, 2018 As at June 30, 2019 As at December 31, 2018 Other receivables, in pending of Court 3,152,035 3,152,035 3,152,035 3,152,035 Welfare for staff receivables 2,735,036 3,055,507 2,735,036 3,055,507 Other receivables 11,099,209 14,873,536 11,152,469 14,640,841 Advance 5,148,190 1,508,489 3,240,446 1,044,700 Total 22,134,470 22,589,567 20,279,986 21,893,083 Less Allowance for doubtful accounts (3,152,035) (3,152,035) (3,152,035) (3,152,035) Net 18,982,435 19,437,532 17,127,951 18,741,048 This account consisted of:- Consolidated financial statements/ Separate financial statements As at June 30, 2019 As at December 31, 2018 Accrued Income from capitation 6,643,888 6,094,750 Accrued Income from risk adjusted capitation 87,060,861 54,586,095 Accrued Income from Diagnosis Related Groups (DRGs) 81,657,665 73,562,835 Accrued Income from additional capitation 15,395,029 12,648,318 Accrued Income from health promotion 3,541,140 514,025 Accrued Income from quality medical services 12,445,597 12,805,493 Total 206,744,180 160,211,516 On February 19, 2018, the Company was notified the result of information check of medical service for DRGs high cost disease for the year 2015 from the Social Security Office by random check not less than 10% of the amount of information available to represent information for all medical service. The result identified the error 55.83% representing the value expected to be sought return from the Social Security Office for the amount Baht 34.41 million. The Company has sent the argument to explain to the Social Security Office No.1 to process reviewing the checking result. The Company expects to be requested for money return from the Social Security Office approximately Baht 30 million. Therefore, the Company records to reduce the revenue-in-patient service by DRGs disease group in the amount of Baht 30 million and records as accrued income pending return to the Social Security Office by the same amount in 2018. On May 31, 2019, the Company has received a letter from the Social Security Office Ror.Ngor.0626/19857 notifying the information check and seeking money refund from medical service for high cost disease ( DRGs) for the year 2015 to have error 23.74% from the amount of money to receive total service in 2015 totaling Baht 14.63 million. Therefore, the Company has to reduce accrued income pending return ...
OTHER RECEIVABLE. This account consisted of:- Consolidated financial statements Separate financial statements 2019 2018 2019 2018 Other receivables, in pending of Court 3,152,035 3,152,035 3,152,035 3,152,035 Welfare for staff receivables 2,422,056 3,055,507 2,422,056 3,055,507 Other receivables 41,488,363 14,873,536 38,479,765 14,640,841 Advance 1,341,193 1,508,489 476,882 1,044,700 Prepaid expenses Total Less Allowance for doubtful accounts 20,049,279 10,486,546 13,552,875 5,124,771 68,452,926 33,076,113 58,083,613 27,017,854 (3,152,035) (3,152,035) (3,152,035) (3,185,035) Net 65,300,891 29,924,078 54,931,578 23,865,819
OTHER RECEIVABLE. This account consisted of:- Other receivables, in pending of Court 3,152,035 3,152,035 3,152,035 3,152,035 Welfare for staff receivables 2,696,327 3,917,750 2,696,327 3,917,750 Other receivables 19,367,300 14,070,343 16,611,561 15,657,676 Advance 2,946,690 5,581,605 818,500 5,421,802 Total 28,162,352 26,721,733 23,278,423 28,149,263 Net 25,010,317 23,569,698 20,126,388 24,997,228 This account consisted of:- Baht Consolidated financial statements Separate financial statements 2017 2016 2017 2016 Medical 53,109,715 43,419,064 42,073,093 32,997,021 Medical supplies 23,767,294 20,803,687 14,288,712 12,478,975 Other supplies 27,779,548 27,591,000 24,411,297 24,081,371 Total 104,656,557 91,813,751 80,773,102 69,557,367
