Page 173 - ACC One Report 2567-En

ADVANCED CONNECTION CORPORATION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2024
29. COMMITMENTSANDCONTINGENTLIABILITIES
As at December 31, 2024 and 2023, the subsidiaries have significant construction contract obligations are as follows: (Unit : Thousand Baht)
December 31, 2024 December 31, 2023 Construction contracts for various projects 4,368 6,532
30. LETTEROFGUARANTEE
As at December 31, 2024 and 2023, the Group has letters of guarantee issued by banks for construction and maintenance of utilities in the amount of Baht 5.57 million and Baht 2.75 million, respectively, by the Group has pledged bank deposits as collateral.
31. EXPENSESBYNATURE
Significant expenses by nature of expense for years ended December 31, 2024 and 2023 are as follow :
(Unit: Thousand Baht) For the years ended December 31,
Consolidated
Seperate
2024
-
150 23,985 5,971 - 410 12,920
Change in finished goods and work in process Raw material and consumables used
Salary, wages and other employee benefits Depreciation and amortization
Loss on impairment of assets Allowance for expected credit loss Consulting, service and other fee
32. FINANCIALINSTRUMENT
2024 1,554
282 45,616 22,408 9,370 8,160 24,152
2023 27,097 55,150 43,135 17,376
- 4,693 16,437
2023
-
159 23,136 4,633 - 8,295 6,626
The Company's major financial instruments consist of cash and cash equivalents, trade and other receivables, bank deposits with guarantee obligations, other financial assets, loans to, trade payables and other payables, borrowings, debentures and liabilities under lease agreements. The Company has risks associated with these financial instruments and has a risk management policy as follows:
Policy on financial risk management
The Group is exposed to normal risk regarding to the change of market interest rate and currency exchange rate and non-performance of contractual obligations by counter parties. The Group will consider to use appropriate financial
Annual Report 2024 (Form 56-1 One Report) Advanced Connection Corporation Public Company Limited
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