Page 67 - PSTC - One Report 2023 (EN)

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Power Solution Technologies Public Company Limited
Overdrafts and Short-term Loans from Banks
As of December 31, 2023, bank overdrafts and short-term loans from banksdecreased by 173.3 million baht from the previous year. This was due to at the end of 2022, the Company had purchases that required short-term credit lines for several large construction projects. These debts were paid during 2023, resulting a decrease in the balance.
Trade and Other Payables
Trade and other payables as of December 31, 2023, decreased from the previous year in the amount of 110.6 million baht mainly due to a decrease in payables for outstanding goods and services from construction work.
Long-term Debt due Within One Year
Debentures: Debentures due for repayment within one year as of December 31, 2023, increased from the previous year by 388.22 million baht as they are due for repayment on July 20, 2024.
Long-term loans: Long-term loans due within one year as of December 31, 2023, decreased from the previous year in the amount of 6.02 million baht from contract payments during the year.
Lease liabilities: Lease liabilities as of December 31, 2023, increased by 15.8 million baht from the previous year due to additional contracts made during the year.
Liabilities Directly Related to Assets Held for Sale.
Liabilities directly related to assets held as of December 31, 2023, decreased by 36.2 million baht from the previous year due to the payment of contractual liabilities.
Other Current Liabilities
Other current liabilities as of December 31, 2023, decreased from the previous year by 20.6 million baht mainly due to the decrease in liabilities under contracts as the liabilities were gradually recognized as costs during the term period.
Long-term Debt - Net of the Portion Due Within One Year
Debentures: The Group has no remaining balance of long-term debentures net of the portion due within one year as of December 31, 2023, as the entire amount of debentures is classified as due within one year.
Long Term Loan: Long term loan net of the portion due within one year as of December 31, 2023, decreased from the previous year in the amount of 54.5 million baht due to contract payments during the year.
Lease liabilities: Lease liabilities as of December 31, 2023, decreased from the previous year by 4.3 million baht from contract payments during the year.
Shareholder’s Equity
As of December 31, 2023, shareholders’ equity of the Group increased by 93.6 million baht from the previous year, attributed mainly by a joint venture as there is a gain recognized from the fair value measurement of derivative instruments (interest rate and exchange rate swap contracts) in other comprehensive income.