Page 153 - One report AUCT2024_Eng

2024
2023
227,686,766
2024
2023
Part 3
Financial Statements
Auction
2024 2023
1,004,600,350
Transportation and other services
(Unit: Baht)
Total
1,232,287,116
1,094,930,212
195,318,658
1,290,248,870
Timing of revenue recognition:
When the obligations completed
Geographic information
The Company operates in Thailand only. As a result, all the revenues and assets as reflected these financial statements pertain exclusively to the geographical reportable segment.
Major customers
For the years 2024 and 2023, the Company has no major customer with revenue of 10 percent or more of an entity’s revenues.
24. Commitments and contingent liabilities
24.1 TheCompanyhadoutstandingcommitmentswithrespecttoserviceagreementstotalingapproximately Baht 3 million per month (2023: Baht 3 million per month).
24.2 The Company has entered into several long-term agreements to lease low-value assets. As at 31 December 2024, the Company had payment commitments under these lease agreements of Baht 2 million (2023: Baht 4 million).
24.3 Bank guarantees
As at 31 December 2024, there were outstanding bank guarantees issued by banks of Baht 17 million (2023: Baht 17 million). These included letter of guarantee for electricity use and for contract performance used for auction bids.
24.4 As at 31 December 2024, the Company had an overdraft facility of Baht 102 million and letter of guarantee facilities totaling Baht 48 million (2023: Baht 102 million and Baht 48 million, respectively) from financial institutions, for use in the Company’s operations.
24.5 Service commitments
The Company has commitments to non-related companies and commercial banks under agreements related to its arrangement of auctions covering a period from May 2006 to March 2027. The Company is required to comply with significant terms in related agreements such as commission rates.
24.6 Capital commitments
As at 31 December 2024, the Company had capital commitments of approximately Baht 22 million (2023: Baht 49 million).
บริษัท สหการประมูล จากัด (มหาชน)
153
Union Auction Public Company Limited