Page 107 - Annual Report English 2018

Tycoons Worldwide Group (Thailand) Plc.

(Unit: Million Baht)
Financial statements in which equity method is applied/Separate financial statements
As at 31 December 2018
Fixed
interest
rates within Floating Non-interest
1 year interest rate bearing Total Effective interest rate
(%)
Financial assets
Cash and cash equivalent - 498 87 585 Refer to Note 7
Trade and other receivables - - 827 827 -
Restricted bank deposits 60 - - 60 Refer to Note 11
60 498 914 1,472

Financial liabilities
Trade and other payables - - 832 832 -
Short-term loans 1,693 - - 1,693 Refer to Note 16
Long-term loans - 78 - 78 Refer to Note 18
1,693 78 832 2,603

(Unit: Million Baht)
Consolidated/Separate financial statements
As at 31 December 2017
Fixed
interest
rates within Floating Non-interest
1 year interest rate bearing Total Effective interest rate
(%)
Financial assets
Cash and cash equivalent - 459 12 471 Refer to Note 7
Trade and other receivables - - 745 745 -
Restricted bank deposits 60 - - 60 Refer to Note 11
60 459 757 1,276
Financial liabilities
Trade and other payables - - 315 315 -
Liabilities under finance
lease agreement 1 - - 1 6.26 - 7.04
Short-term loans 1,902 - - 1,902 Refer to Note 16
Long-term loans - 189 - 189 Refer to Note 18
1,903 189 315 2,407

Foreign currency risk

The Company’s exposure to foreign currency risk arises mainly from trading
transactions that are denominated in foreign currencies. The Company seeks to
reduce this risk by entering into forward exchange contracts when it considers
appropriate. Generally, the forward contracts mature within one year.

97