Allied Product office

(h) Shareholders’ Equity

All the capital contribution for the legal capital shall be made in United States Dollars. Subscribed and paid in capital in foreign currency is initially stated at the spot rate at the date of issue. The share agreement sets out the schedule of the call dates when Toyota Tsusho and JALUX Inc. must pay installments of the outstanding amount on the shares. Subject to the terms and conditions of the agreement, seventy percent (70%) of all royalty payment due to Lao Airport Authority (LAA) shall be retained by the Company and applied to LAA’s capital contribution until the aggregate amount so applied equals to the subscribed legal capital.

Foreign exchange differences from instalments settlement of legal capital shall be recognised in the s.

(i) Related parties

Enterprises and individuals that directly, or indirectly through one or more intermediaries, control, or are controlled by, or are under common control with, the Company, including holding companies are related parties of the Company.

Associates and individuals owning, directly or indirectly, an interest in the voting power of the Company that gives them significant influence over the enterprise, key management personnel, including directors and officers of the Company and close members of the family of these individuals and companies associated with these individuals also constitute related parties. In considering each possible related party relationship, attention is directed to the substance of the relationship, and not merely the legal form.

(j) Revenue recognition

Generally revenue is recognized on an accruals basis and consists of the invoice value of sales, net of turnover tax.

Passenger fees represent the airport