Page 103 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability
Corporate Governance Policy Financial Statements Attachments
4) Finance cost
Million Baht
7) Cash and cash equivalents
Million Baht
FY25
FY24
Change%
Finance cost
29
30
(3)
FY25
FY24
Change%
Cash and cash equivalents
1,773
2,197
(19)
There was no significant variation in finance cost during the year FY25 as compared to previous year’s. Finance cost includes interest on right-of-use assets (mainly leased land) and bank facility fees.
As on March 31, 2025, the group reported a net decrease in cash and cash equivalents of Baht 424 million as compared to the previous year’s. The change was mainly on account of the decrease in net cash from operating activities amounting to Baht 769 million. This comprised of operating profit before changes in operating assets and liabilities of Baht 440 million and decrease in changes in operating assets and liabilities of Baht 1,209 million which was largely due to the increase in inventories and trade and other receivables. With respect to investing activities, there was a net cash inflow of Baht 383 million related to cash received from disposal of unused land and cash received from disposal of assets held for sale, partly offset by investments in fixed assets. Net cash outflow of Baht 39 million from financing activities was towards net repayment on lease liabilities payment of Baht 37 million and towards dividends payment of Baht 2 million.
8) Trade and other current receivables, net
5) Profit before income tax expense
Million Baht
FY25
FY24
Change%
Profit before income tax expense
417
93
>100
PBT for the year FY25 was higher than that in FY24, attributable to the lower conversion cost due to lower power cost reflecting FT rate decrease, and lower input cost of coke, natural gas, graphite electrode, ferro alloys and lower yield loss at steel plant and rolling mill, partly offset by higher stock impact due to higher cost of inventory carried forward from the previous year. The PBT included gains from the disposal of unused land and idle assets held for sale of Baht 260 million and Baht 220 million for FY25 and FY24, respectively.
6) Income tax expenses (income)
Million Baht
Million Baht
FY25
FY24
Change%
Trade and other current receivables, net
3,243
2,872
13
FY25
FY24
Change%
Income tax expenses (income)
84
(3)
>100
Income tax expenses for FY25 amounting to Baht 84 million (comprising corporate income tax of Baht 109 million and deferred income tax of Baht (25) million), an increase from the previous year due to an increase in the net profits from operations and the gain on disposal of unused land. Income tax expenses (income) for FY24 amounted to Baht (3) million (comprising corporate income tax of Baht 8 million and deferred income tax of Baht (11) million).
The increase in trade and other current receivables was mainly from export sales during the last quarter. This was partly offset by reduction in other current receivables mainly from reduction in the amount receivable from the disposal of assets held for sale and receipt of insurance claim.
As on March 31, 2025, the loss allowance set aside was Baht 79 million, same as at the end of FY24. This was equivalent to 2.39% and 2.97% of the total trade receivables, as on March 31, 2025 and March 31, 2024 respectively.
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