1,983 10,882 3,998 9,193 7,700 10,779 6,993 9,101 23,280 23,872 1,375 687 592 7,524 4,508 3,079 2,108 THB Bond USD Loan THB Loan (หน่วย: ล้านบาท) Note: Long-term borrowing as of December 31, 2023 2024 2025 2026 2027 >2027 The details of long-term borrowings Liabilities As of December 31, 2023, the company had total liabilities of Baht 116,540 million decreasing by Baht 1,969 million or by 2% from what was stated as of December 31, 2022. It was due to the following reasons: • Trade payables: decreased by Baht 161 million or by 0.5% compared to that at the end of 2022. It was mainly due to a decrease in crude procurement payable amount. The average payment period was 40 days increasing by 3 days from that at the end of 2022. • Other current liabilities: decreased by Baht 3,071 million or by 18% compared to that at the end of 2022, mainly due to the repayment of short–term borrowing from financial institutions by Baht 1,800 million and a decline in other payables by Baht 1,380 million, mainly from account payables - Ready Made Assets. • Long-term borrowing including current portion within one year: increased by Baht 1,215 million or by 2% compared to that at the end of 2022, mainly due to the issuance of debentures of Baht 12,000 million in May 2023 while the repayment of maturity borrowing of Baht 10,786 million. The details of long-term borrowings are shown below: Dec 31, 2023 Dec 31, 2022 Change Thai Baht Bonds 43,954 33,963 9,991 USD Loan* 2,061 3,467 (1,404) Thai Baht Loan 17,811 25,181 (7,370) Total Long-term Borrowing 63,826 62,611 1,215 Less current portion of long-term borrowing (10,881) (10,762) (119) Net Outstanding Long-term Borrowing 52,945 51,849 1,096 Note: * The company obtained USD loan of USD 100 million at the end of 2022 and USD 60 million as of December 31, 2023. (Unit: MB) (Unit: MB) 184 Management Discussion and Analysis (MD&A) IRPC Public Company Limited
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