Page 98 - Anual report STi 2022_eng

As at December 31, 2022, the STI Group had an increase The STI Group had cash used in investing activities in
in cash and cash equivalents of 70.91 million baht, or an 2022 in the amount of 20.89 million baht. Most of which was

increase of 305.38 percent compared to cash and cash a result of net purchases and sales of other current financial
equivalents as at December 31, 2021. This is mainly due to assets amounting to 17.00 million baht. There is also cash
net cash received from operating activities in 2022 in the paid for equipment purchases and building improvements.
amount of 132.35 million baht as the STI Group was able to Including intangible assets of 3.63 million baht and 1.80
better manage the net cash received from operating activities. million baht, respectively.

Net cash used in financing activities in 2022 amounted Trade receivables
to 70.91 million baht, mainly due to the STI Group has dividend The STI Group had trade accounts receivable as at
payments to shareholders of STI in the amount of 18.61 December 31, 2021 - 2022, in the amounts of 234.75 million
million baht, non-controlling interests of subsidiaries in the baht and 282.95 million baht, respectively, representing 12.06
amount of 19.58 million baht, and the payment of lease percent and 13.21 percent of total assets each year. The
liabilities in the amount of 24.54 million baht, respectively. details of the structure of trade receivables in the STI Group
However, the STI Group has received net cash from short-term are as follows:

and long-term loans from financial institutions, including
interest payments, amounting to 22.18 million baht this year.
The Structure of Trade Receivables of the STI Group as at December 31, 2021 - 2022

Consolidated financial statements as at

Items December 31, 2021 December 31, 2022
Million Baht Percentage Million Baht Percentage

Not yet due 160.34 63.36 184.98 61.03

Past due date

Less than 3 months 56.01 22.13 68.36 22.55

3 - 6 months 3.50 1.38 8.33 2.75

6 - 12 months 6.22 2.46 16.61 5.48
More than 12 months 27.00 10.67 24.81 8.19

Total account receivables 253.07 100.00 303.09 100.00
(Less) Expected Credit Loss Provisions (18.32) (7.24) (20.14) (6.64)

Net Total Account Receivable 234.75 92.76 282.95 93.36

Most of the accounts receivable overdue for less than causes the employer to postpone the payment of service fees

3 months are caused by delays in the disbursement process until the contractor completes the work. (3) The impact of the
of the employer's service fees, which resulted in the payment COVID-19 situation is causing delays in debt repayment from
of service fees beyond the term of debt repayment. While some employers.
trade accounts receivable are overdue from 3 months to However, for the group of trade receivables that are

12 months, most of them are caused by (1) the process of overdue, the STI Group manages the risk by applying
disbursing the service fee of the employer that may be appropriate credit control policies and procedures, and
delayed. (2) Delay in delivery of the contractor's work This therefore no significant financial losses are expected.

96 Annual Report 2022 (56-1 One Report)