- 93 - 31. PROMOTIONAL PRIVILEGES By virtue of the provisions of the Industrial Investment Promotion Act of B.E. 2520, the Company has been granted privileges by the Board of Investment relating to production of upstream, intermediate and downstream petrochemical, utilities and production support facilities, jetty for transportation and storage of liquid product and transportation by marine vessels, production of petroleum product, research and development of polymer products and chemical formula, lab testing services and refinery. The privileges granted include: (a) exemption from payment of import duty on machinery approved by the Board; (b) exemption from payment of income tax not over 100 percent of investment excluded land and working capital of certain operations for a period of 8 years from the date on which the income is first derived from such operations; (c) a 50% reduction in the normal income tax rate on the net profit derived from certain operations for a period of five years, commencing from the expiry date in (b) above. As promoted companies, the Company must comply with certain terms and conditions prescribed in the promotional certificates. Summary of revenues from promoted and non-promoted businesses in separate financial statement for the years ended December 31, 2021 and 2020 were as follows: Unit : Million Baht Separate financial statements 2021 2020 Promoted businesses Nonpromoted businesses Total Promoted businesses Nonpromoted businesses Total Export sales 32,592 2,086 34,678 20,443 5,331 25,774 Domestic sales 166,890 177,754 344,644 117,619 126,178 243,797 Services income - 619 619 - 662 662 Total revenues 199,482 180,459 379,941 138,062 132,171 270,233 Certain subsidiaries in the Group have been granted promotional privileges as same as the Company. 32. INVESTMENT INCOME Investment income for the years ended December 31, 2021 and 2020 were as follows: Unit : Million Baht Consolidated financial statements Separate financial statements Note 2021 2020 2021 2020 Gain on remeasurement of fair value at the date of investment reclassification 11 10,565 - 10,997 - Dividend income 152 17 12,953 3,202 Others 512 345 542 299 Total 11,229 362 24,492 3,501 325 BUSINESS OPERATION AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL REPORTS AND FINANCIAL STATEMENTS APPENDIX
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