Financial Positions as of 31 December 2023 31 Dec 22 31 Dec 22 31 Dec 23 31 Dec 23 Account payables Account receivables Cash and cash equivalents Inventory Other current assets Non-current assets Other current liabilities Other non-current liabilities Shareholders’ Equity L/T Borrowing (incl. due within 1 yr) Assets As of December 31, 2023, the company had total assets of Baht 192,661 million decreasing by Baht 5,526 million or by 3% from that on December 31, 2022. It was due to the following reasons: • Cash and cash equivalents: increased by Baht 2,990 million or by 93% from that at the end of 2022, mainly owing to the increase of net cash flow from operations after investment and loan repayment. • Trade receivables: increased by Baht 546 million or by 4% from that at the end of 2022, mainly due to a rise in selling volume. The company’s credit term policy is about 7-120 days and most customers made payment on schedule. The average collection period was 18 days increasing by 2 days from that at the end of 2022. • Inventory: decreased by Baht 6,963 million or by 18% from that at the end of 2022, mainly due to an 8% decrease in the crude oil price and products prices following market situations as well as a 16% decrease in inventory volume. The average inventory period was 42 days being similar to that at the end of 2022. • Other current assets: decreased by Baht 5,810 million or by 44% from that at the end of 2022. This was mainly attributed to a decrease in other receivables by Baht 5,185 million, mainly from account receivables – Oil Fund. • Non-current assets: increased by Baht 3,711 million or by 3% from that at the end of 2022, mainly due to a rise in investments in fixed assets by Baht 2,930 million and an increase in deferred tax assets by Baht 816 million. Assets Liabilities & Equity 3% (Unit: MB) 34,466 16,829 62,611 4,604 79,678 198,187 127,267 13,263 39,376 15,051 3,230 198,187 130,978 7,453 32,413 15,597 6,220 192,661 34,305 13,758 63,826 4,651 76,121 192,661 183 Management Discussion and Analysis (MD&A) 56-1 ONE REPORT 2023
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