Page 166 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
(Unit : Baht)
Auction Transportation
and other services Total
2025 2024 2025 2024 2025 2024
Other income 15,973,097 13,206,267
Service expenses (41,028,809) (48,105,470)
Administrative expenses (130,149,949) (125,942,236)
Finance cost (31,084,177) (26,989,281)
Income tax expenses (51,549,213) (91,959,565)
Profit for the year 200,931,917 371,291,530
Timing of revenue
recognition:
When the obligations
completed 831,540,112 1,094,930,212 180,199,496 195,318,658 1,011,739,608 1,290,248,870
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 2025 and 2024, the Company has no major customer with revenue of 10 percent or more of an entity’s
revenues.
25. Commitments and contingent liabilities
25.1 The Company had outstanding commitments with respect to service agreements totaling approximately
Baht 4 million per month (2024: Baht 3 million per month).
25.2 The Company has entered into several long-term agreements to lease low-value assets. As at 31
December 2025, the Company had payment commitments under these lease agreements of Baht
3 million (2024: Baht 2 million).
25.3 Bank guarantees
As at 31 December 2025, there were outstanding bank guarantees issued by banks of Baht 18
million (2024: Baht 17 million). These included letter of guarantee for electricity use and for contract
performance used for auction bids.
25.4 As at 31 December 2025, the Company had an overdraft facility of Baht 102 million and letter of
guarantee facilities totaling Baht 48 million (2024: Baht 102 million and Baht 48 million, respectively)
from financial institutions, for use in the Company’s operations.
166
Annual Registration Statement / Annual Report 2025
(Form 56-1 One Report)