Page 154 - Microsoft Word - One-Report-Eng 2024 Final.docx

Tycoons Worldwide Group (Thailand) Plc.

An impairment analysis is performed at each reporting date to measure expected credit
losses. The provision rates are based on days past due for groupings of various customer

segments with similar credit risks. The Group classifies customer segments by customer
type and coverage by letters of guarantee and other forms of credit insurance, which are
considered an integral part of trade receivables and taken into account in the calculation of
impairment. The calculation reflects the probability-weighted outcome, the time value of

money and reasonable and supportable information that is available at the reporting date
about past events, current conditions and forecasts of future economic conditions.

Market risk

There are two types of market risk comprising interest rate risk and foreign currency risk.

Interest rate risk

The Group’s exposure to interest rate risk relates primarily to deposits with financial
institutions and short-term loans. Most of the Company’s financial assets and liabilities bear
floating interest rates or fixed interest rates which are close to the market rate.

As at 31 December 2024 and 2023, significant financial assets and liabilities classified by
type of interest rate are summarised in the table below, with those financial assets and

liabilities that carry fixed interest rates further classified based on the maturity date, or the
repricing date if this occurs before the maturity date.

(Unit: Million Baht)
Consolidated financial statements
2024
Fixed interest rates
Over Floating Non-
Within 1 to 5 interest interest Effective

1 year years rate bearing Total interest rate
(%)
Financial assets
Cash and cash equivalents - - 238 72 310 Refer to Note 7
Trade and other receivables - - - 280 280 -
Restricted bank deposits 83 - - - 83 Refer to Note 10
Other non-current financial
assets - - - 67 67 -
83 - 238 419 740
Financial liabilities
Short-term loans from
financial institutions 1,220 - - - 1,220 Refer to Note 16
Trade and other payables - - - 261 261 -
1,220 - - 261 1,481

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