Page 156 - Microsoft Word - One-Report-Eng 2024 Final.docx

Tycoons Worldwide Group (Thailand) Plc.

(Unit: Million Baht)
Separate financial statements
2023
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 - - 293 109 402 Refer to Note 7
Trade and other receivables - - - 199 199 -
Restricted bank deposits 71 - - - 71 Refer to Note 10
Other non-current financial
assets - - - 334 334 -
71 - 293 642 1,006
Financial liabilities
Short-term loans from
financial institutions 808 - - - 808 Refer to Note 16
Trade and other payables - - - 161 161 -
808 - - 161 969

Foreign currency risk

The Group’s exposure to the foreign currency risk relates primarily to its trading transactions
and borrowings that are denominated in foreign currencies. The Group seeks to reduce this

risk by entering into foreign currency forward contracts when it considers appropriate.
Generally, the forward contracts mature within six months.

As at 31 December 2024 and 2023, the balances of financial assets and liabilities
denominated in foreign currencies are summarised below.

Consolidated financial statements

Foreign currency Financial assets Financial liabilities Average exchange rate
2024 2023 2024 2023 2024 2023
(Million) (Million) (Million) (Million) (Baht per 1 foreign currency unit)
US dollar 2.2 2.9 12.6 5.6 33.9879 34.2233

Euro 2.3 2.6 0.2 0.1 35.4284 38.0334
Taiwan dollar - - 0.4 7.1 1.0355 1.1080
Yuan - - - 56.0 4.6563 4.8071

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