Page 60 - One report AUCT2024_Eng

Part 1
Business Operation and Operating Results
Owner's Equity
As of the end of the years between 2023 and 2024, the Company’s equity equaled 591.26 million Baht and 564.77 million Baht, respectively. In 2023 and 2024, the Company had a total paid-up capital of 137.50 million Baht. The Company has always had profitable results.
Commitments and Contingent Liabilities as of 31 December 2024
1. The Company had outstanding commitments with respect to service agreements totaling approximately 3 million Baht per month (2023: 3 million Baht).
2. The Company has entered into several long-term agreements to lease low-value assets. There are payment commitments under these lease agreements of 2 million Baht (2023: 4 million Baht).
3. The Company had outstanding bank guarantees in the amount of 17 million Baht (2023: 17 million Baht) which is related to the guarantee of electricity use and the operation guarantee according to auction bids agreement.
4. The Company had an overdraft facility of Baht 102 million and letter of guarantee facilities totaling 48 million Baht (2023: 102 million Baht and 48 million Baht, respectively) from financial institutions, which were for use in the Company’s operations.
5. 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 June 2027. The Company is required to comply with significant terms in related agreements such as commission rates.
6. The company has a capital expenditure of 22 million Baht (2023: 49 million Baht)
Liquidity and Cash Flow Analysis
Statement of cash flows
Profit from Operating Activities before Changes to Assets and Liability Operations
Net Cash Flows (used) in Operating Activities
Net Cash Flows (used) in Investing Activities
Net Cash Flows (used) in Financing Activities
Net Increase (decrease) in Cash and Cash Equivalents Cash and Cash Equivalents as of ending period
2022
(Unit: Million Baht)
2023 2024
597.41
709.87 43.14 (408.30) 344.72
471.12
299.98
(48.15)
(320.97)
(69.13)
641.48
405.04
(178.09)
(500.62)
(273.68)
98.37
443.09
169.41
60
Annual Registration Statement / Annual Report 2024
(Form 56-1 One Report)