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Provincial Waterworks Authority Annual Report 2023 279
5.35 Finance costs consisted of the following:
Unit : Million Baht
Financial statement-equity
method applied/
Separate financial statements
2023 2022
Government bond fees - 0.78
PWA bond interest 382.61 348.76
Commercial bank’s loan interest 13.74 13.78
Provision interest 403.28 (480.04)
Financial lease interest 1,007.79 1,093.12
Provision interest - demolition cost 1.14 0.91
Bond interest improvement - transaction cost 12.04 12.20
Total 1,820.60 989.51
5.36 Transactions Related to Top Management
The transactions related to top executives included in the administrative expenses in the
statements of comprehensive income for the year ended 30 September 2023 and 2022 were composed
of as follows:
Remuneration of Board of Directors
The remuneration of the Board of Directors and top executives paid by PWA as meeting
allowance, bonus, and remuneration for the year ended 30 September 2023 and 2022 are described
as follows:
Unit : Million Baht
Financial statement-equity
method applied/
Separate financial statements
2023 2022
Board of Directors and top executives – meeting allowance 8.41 9.21
Board of Directors - bonus 1.16 1.17
Board of Directors - remuneration 1.77 2.07
Total 11.34 12.45
Remuneration for top management
The remuneration of 11 top executives paid by PWA as salary, bonus, extra remuneration,
and retirement benefits for the year ended 30 September 2023 and 2022 are described
as follows:
