Page 97 - Annual Report English 2018

Tycoons Worldwide Group (Thailand) Plc.

16. Short-term loans from financial institutions

(Unit: Thousand Baht)
Financial
statements in
which equity
method is applied/ Consolidated/
Interest rate Separate financial Separate financial
(%) statements statements

2018 2017 2018 2017
Short-term loans 4.11 - 4.21 3.29 65,230 65,694
Trust receipts 3.86 - 4.75 2.71 - 4.75 1,327,590 1,535,985
Promissory notes 3.62 3.57 - 3.58 300,000 300,000
Total short-term loans
from financial institutions 1,692,820 1,901,679

Short-term loans from financial institutions are guaranteed by the Company’s director,
the ultimate parent company, pledged of fixed deposits as described in Note 11 to the

financial statements and mortgaged of most of its property, plant and machinery as
described in Note 15 to the financial statements.

17. Trade and other payables

(Unit: Thousand Baht)
Financial statements
in which equity
method is applied/ Consolidated/

Separate financial Separate financial
statements statements
2018 2017

Trade payables - related parties 477,978 85,052
Trade payables - unrelated parties 243,302 133,518
Other payable - related party 318 37
Other payables - unrelated parties 584 76
Interest payables 2,682 2,418

Accrued expenses 107,006 93,723
Total trade and other payables 831,870 314,824

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