Page 96 - Annual report eng 2019

Tycoons Worldwide Group (Thailand) Plc.

As at 31 December 2018, the Company had vehicles with net book value of Baht 1
million (2019: Nil) which were acquired under finance lease agreements.

As at 31 December 2019, certain items of plant and equipment were fully depreciated but are still in use.

The gross carrying amount before deducting accumulated depreciation and allowance for impairment loss
of those assets amounted to approximately Baht 1,404 million (2018: Baht 1,349 million).

The Company has mortgaged most of its property, plant and machinery with banks as collateral for short-
term and long-term credit facilities granted by commercial banks.

15. Short-term loans from financial institutions

(Unit: Thousand Baht)
Financial statements in which equity
Interest rate od is applied/
th
e
m
(%) Separate financial statements
2019 2018 2019 2018
Short-term loans - 4.11 - 4.21 - 65,230
Trust receipts 2.48 - 4.39 3.86 - 4.75 1,451,830 1,327,590
Promissory notes 2.48 - 4.75 3.62 50,000 300,000
Total short-term loans
from financial institutions 1,501,830 1,692,820

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 14 to the financial statements.

16. Trade and other payables

(Unit: Thousand Baht)

Financial statements in which equity method is
applied/ Separate financial

statements
2019 2018

Trade payables - related parties 314,849 477,978
Trade payables - unrelated parties 90,645 243,302

Other payable - related party 257 318
Other payables - unrelated parties - 584
Interest payables 1,509 2,682

Accrued expenses 103,256 107,006
Total trade and other payables 510,516 831,870

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