Page 162 - ACC One Report 2567-En

ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024
23. LONG – TERM BORROWINGS FINANCIAL INSTITUTIONS
As of December 31, 2024 and 2023 as follows:
December 31, 2024
(Unit : Thousand Baht) Consolidated Separate
Borrowings from financial institution Less Current portion of long – term
borrowings from financial institution
67,093
(23,785) 43,308
December 31, 2023 December 31, 2024 12,088 -
(1,261) - 10,827 -
December 31, 2023 -
- -
Movement of borrowings from financial institutions for the year ended December 31, 2024 are as follows:
(Unit : Thousand Baht)
Consolidated Balance as at January 1, 2024 12,088 Add Net liabilities from business acquisition 36,200 Add Additional Borrowings During the Year 21,000 Less Payment during year (21,000) Balance as at December 31, 2024 67,093
Consolidated
-
- - - -
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Annual Report 2024 (Form 56-1 One Report)
Advanced Connection Corporation Public Company Limited
The subsidiary has two long – term loan facilities secured by its bank deposits and guaranteed by the small Industry credit guarantee corporation.
Facility 1: The long – term loan has an interest rate of the deposit account used as collateral +1% per annum, with a principal repayment schedule totaling 120 installments as follows:
– Installments 1 to 119: Repayment of 130,000 baht per installment – Final installment: payment of all outstanding debt per the contract
Facility 2: The long – term loan for operational purposes is guaranteed by the small industry credit guarantee corporation, with an interest rate ranging from 0.00% to 13.99% and MRR + 6.70% per annum, with varying interest rates for each installment. The principal repayment schedule totals 84 installments as follows:
– Installments 1 to 84: Repayment of 208,000 baht per installment – Final installment: Payment of all outstanding debt per the contract.
The subsidiary has entered into a debt conversion agreement with a trust receipts to convert it into a long – term loan at an interest rate of MLR – 2.000 percent per annum. The repayment terms require the principal to be paid in installments of no less than 750,000 baht per installment, with a total of 66 installments, and the loan is due for repayment in December 2028. The loan is secured by the company's building, fixed deposit accounts, and the personal assets of the directors.
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