Page 104 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance
Driving Business Towards Sustainability
Corporate Governance Policy Financial Statements Attachments
9) Inventories, net
Sources of Capital Funds
Appropriateness of capital structure
As on March 31, 2025, the group had a debt-to-equity ratio of 0.21 times, nearly the same as at the end of last year.
Liabilities
As on March 31, 2025, the group had liabilities amounting to Baht 2,730 million consisting of current liabilities of Baht 1,660 million and Baht 1,070 million for non-current liabilities, representing 61% and 39% of total liabilities, respectively. Current liabilities included trade and other payables of Baht 1,518 million decrease from Baht 1,531 million in the previous year mainly from accrued expenses partly offset by increase in trade payable, current corporate income tax payable of Baht 61 million, current portion of lease liabilities of Baht 32 million and other current liabilities of Baht 49 million. Non-current liabilities included lease liabilities of Baht 576 million, employee benefit obligations of Baht 420 million and provision for decommissioning costs of Baht 74 million.
Shareholders’ equity
As on March 31, 2025, the group had shareholders’ equity of Baht 13,001 million consisting of the paid-up capital from ordinary shares and share premium totaling Baht 11,810 million, retained earnings Baht 567 million, legal reserve Baht 391 million, other components of equity Baht 242 million and non-controlling interests Baht (9) million. Increase in shareholders’ equity by Baht 380 million was from the comprehensive income for the year. Consequently, the retained earnings at the consolidated financial statement has increased to Baht 567 million as compared to retained earnings of Baht 247 million as of March 31, 2024.
Million Baht
Million Baht
FY25
FY24
Change%
Inventories, net
3,611
3,059
18
Increase in inventories over previous year's level was mainly from volume buildup of billet and metallics. This included billet-in-transit in view of the planned shutdown at the one of the plants in Apr’25.
10) Financial assets measured at fair value through other comprehensive income
Million Baht
The fair value change of unlisted equity investments is determined using valuation techniques, discounted cash flow which is assessed by an independent valuer.
11) Property, plant & equipment and intangible assets, net
Million Baht
Decrease in property, plant & equipment and intangible assets is mainly due to normal depreciation and amortization for the year (Baht 202 million), disposal of unused land and provision for obsolete assets during the year (Baht 51 million), and additional investment in fixed assets during the year (Baht 198 million).
FY25
FY24
Change%
Financial assets measured at fair value through other comprehensive income
303
229
32
FY25
FY24
Change%
Property, plant & equipment and intangible assets, net
2,478
2,533
(2)
12) Right-of-use assets, net
FY25
FY24
Change%
Right-of-use assets, net
568
616
(8)
Decrease in right-of-use assets from normal amortization, net off addition during the period of Baht 11 million mainly representing car lease contracts.
102 Tata Steel (Thailand) Public Company Limited