Thai Airways International Public Company Limited is the national carrier of the Kingdom of Thailand. It operates domestic, regional and intercontinental flights radiating from its home base in Bangkok to key destinations around the world and within Thailand. The company's fully paid up share capital amounts to 16,988,765,500 Baht (9 May 2005) and is 53.77% owned by the Ministry of Finance, the Thai Government. At the end of September 2004, consolidated total assets of the company amounted to 193,211 million Baht. In its operations, THAI has achieved profitability every year for the last 40 consecutive years.
The cost of legal proceeding for the protection of the antitrust is the potential damages, which the Company had reserved the costs of damages and fine arisen from the antitrust infringement in the fiscal year 2008 amounting to THB 4,290.17 Million. In the fiscal year 2010, the Company has nevertheless deducted such reserved cost for potential damages in the amount of THB 1,783.19 Million. In addition, it must be noted that the Company has already recorded the cost of the professional lawyer for the case that the Company was sued, alleged and administrative costs, in the total of THB 186.28 Million. Consequently, the cost of legal proceeding for the protection of the antitrust can be decreased in the total of THB 1,596.91 Million.
Tax credit arising from net losses which incurred in the fiscal year ended December 31, 2008 in accordance with P.N.D. 50 amounted to THB 15,722.63 million. In the fiscal year ended December 31, 2009, the Company exercised its tax benefit amount of THB 6,301.78 million, leaving the balance of unexercised tax credit amount of THB 9,420.85 million which, the Company exercised such the whole amount of tax benefit in the fiscal year ended December 31, 2010.
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