Page 133 - One Report Thai Final_ENG_2021

Tycoons Worldwide Group (Thailand) Plc.

26. Commitments and contingent liabilities

As at 31 December 2021, the Company had the following outstanding commitments and contingent
liabilities.

26.1 Raw material purchase commitments

The Company entered into raw material purchase agreements amounting of USD 8 million
(2020: USD 38 million). The materials will be shipped to the Company within 97 -

107 days from the contract dates.

26.2 Guarantees
There were outstanding bank guarantees of approximately Baht 57 million (2020: Baht 57 million)

issued by banks on behalf of the Company in respect of certain performance bonds to guarantee
electricity use among others.

26.3 Capital commitments

The Company had capital commitments relating to the acquisition of building and attached
facilities and machinery and equipment (2020: machinery and equipment) were as follows.

(Unit: Million)
2021 2020
Currency:

Baht 8.0 1.5
US dollar 0.8 0.4
Taiwan dollar - 4.8

27. Fair value hierarchy

As at 31 December 2021 and 2020, the Group had the assets and liabilities that were measured at
fair value using different levels of inputs as follows:
(Unit: Million Baht)
Consolidated/Financial statements in which equity
method is applied/Separate financial statements
As at 31 December 2021
Level 1 Level 2 Level 3 Total
Financial assets measured at fair value
Financial assets measured at FVOCI
Equity investments - - 221.6 221.6
Derivatives
Foreign currency forward contracts - 12.1 - 12.1

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