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BUSINESS OPERATION AND OPERATING RESULTS CORPORATE GOVERNANCE FINANCIAL STATEMENTS ENCLOSURES
The Company
As at 31 December 2020, the Company’s long-term loans from banks comprise credit facilities
totaling Baht 4,800 million under numerous agreements. Most of these loans carried interest at
MLR minus certain rate, as stipulated in the agreement. The loan principle is to be paid in quarter
and interest is to be paid in every month. Full settlement of these loans is to made within
March 2023 to October 2024.
Subsidiaries
As at 31 December 2020, the subsidiaries’ long-term loans from banks comprise credit
facilities totaling Baht 12,059 million, USD 40 million, and VND 1,366 billion (2019: Baht
12,287 million, USD 20 million, and VND 920 billion) under numerous agreements. Most of
these loans carried interest at MLR minus certain rate, as stipulated in the agreement. The
loan principle is to be paid in every quarter and interest is to be paid in every month. Full
settlement of these loans is to be made within November 2021 to December 2027 (2019:
February 2020 to December 2025).
Loan of Amata City Long Thanh JSC are guaranteed by Amata VN PCL. and Amata City
Bienhoa JSC. The long-term loans of ASRB are secured by the mortgage of land, as
described in the Note 15 to consolidated financial statements.
The loan agreements contain certain covenants which, among other things, require
the Group to maintain debt-to-equity ratio and debt service coverage ratio at the rate
prescribed in the agreements, and the Group agreed not to mortgage or otherwise encumber
the land with any other parties throughout the loan periods, and dividend payments have to
be pre-approval by the banks.
As at 31 December 2020, the long-term credit facilities of the Group which have not yet been
drawn down amounting to Baht 2,968 million, USD 22 million, and VND 293 billion (31
December 2019: Baht 3,450 million, USD 3 million, and VND 111 billion).
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