Page 168 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
Financial instruments and cash deposits
The Company manages the credit risk from balances with banks and financial institutions by making
investments only with approved counterparties and within credit limits assigned to each counterparty.
Counterparty credit limits are reviewed by the Company’s Board of Directors on an annual basis, and
may be updated throughout the year subject to approval of the Company’s Executive Committee.
The limits are set to minimise the concentration of risks and therefore mitigate financial loss through
a counterparty’s potential failure to make payments.
The credit risk on debt instruments and derivative financial instruments is limited because the
counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
Market risk
Interest rate risk
Most of the Company’s financial assets and liabilities bear fixed interest rates which are close to
the market rate.
As at 31 December 2025 and 2024, significant financial assets and liabilities classified by type of
interest rate are summarised in the table below, with those financial assets and liabilities that carry
fixed interest rates further classified based on the maturity date, or the repricing date if this occurs
before the maturity date.
As at 31 December 2025
Fixed
interest
rates within
1 year
Floating
interest rate
Non-
interest
bearing Total
Effective
interest rate
Million Baht (% p.a.)
Financial assets
Cash and cash equivalents - 127 - 127 0.15 - 0.65
Trade and other current receivables - - 46 46 -
Other current financial assets 170 - - 170 0.60 - 1.30
Restricted bank deposits 21 - - 21 0.75 - 1.23
Other non-current financial assets- - 3 3 -
191 127 49 367
Financial liabilities
Trade and other current payables - - 179 179 -
Short-term loan from bank- 6 - 6 3.75
Other non-current financial liabilities- - 81 81 -
- 6 260 266
168
Annual Registration Statement / Annual Report 2025
(Form 56-1 One Report)