Page 201 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Tata Steel (Thailand) Public Company Limited
NTaotaesStoeetlh(eThCaoinlasnodlid) aPtuebdliacnCdoSmeparnayteLiFminiatendcial Statements
Notes to the Consolidated and Separate Financial Statements
For the year ended 31 March 2025
For the year ended 31 March 2025
b) Security
b) Security
For some trade receivables the Group may obtain security in the form of guarantees, or letters of credit which can be called upon if the counterparty is in default under the terms of the agreement.
c)) Impairment of financial assets
Financial asset that is subject to the expected credit loss model is as follows:
 Trade and other current receivables
While cash and cash equivalents are also subject to the impairment requirements of TFRS 9, the Group identified impairment loss was immaterial.
Trade receivables
The Group applies the TFRS 9 simplified approach to measure expected credit losses which uses a lifetime expected loss allowance for all trade receivables.
The Group assesses expected credit losses for trade and other receivables at the initial recognition and at the end of reporting period. There is no materiality impact to the Group.
The recognition of expected credit loss is disclosed in Note 10.
5..1..3 Liiquiidiittyrriiskk
Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due and to close out market positions. At the end of the reporting period the Group held deposits at call of Baht 1,773 million (2024 : Baht 2,197 million) that are expected to readily generate cash inflows for managing liquidity risk.
Due to the dynamic nature of the underlying businesses, the Group Treasury maintains flexibility in funding by maintaining availability under committed credit lines.
Management monitors i) rolling forecasts of the Group’s liquidity reserve (comprising the undrawn borrowing facilities below); and ii) cash and cash equivalents on the basis of expected cash flows. In addition, the Group’s liquidity management policy involves projecting cash flows in major currencies and considering the level of liquid assets necessary, monitoring balance sheet liquidity ratios and maintaining financing plans.
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