Page 134 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

amounting to Baht 154 million. The capital increase resulted in the increase of
the Company’s shareholding percentage from 19.27 percent to 19.43 percent.

TY Steel Co., Ltd. registered the share capital increase with the Ministry of Commerce
on 15 June 2022

16. Short-term loans from financial institutions

(Unit: Thousand Baht)
C
Interest rate onsolidated/Separate
(%) financial statements
2022 2021 2022 2021

Trust receipts 2.07 – 7.50 1.73 - 3.20 1,156,954 1,483,320
Promissory notes 3.25 1.73 - 2.75 120,000 349,768

Total short-term loans
from financial institutions 1,276,954 1,833,088

Short-term loans from financial institutions are guaranteed by the Company’s director, the
ultimate parent company, pledged of fixed deposits as described in Note 10 to the financial
statements and mortgaged of most of its property, plant and machinery as described in

Note 14 to the financial statements.

17. Trade and other payables

(Unit: Thousand Baht)

Consolidated financial statement Separate financial statement
2022 2021 2022 2021
Trade payables - related parties 9,304 17,998 9,304 17,998

Trade payables - unrelated parties 107,979 237,476 107,979 237,476
Other payable - related party 289 310 289 310

Other payable - unrelated parties 127 100 86 72
Interest payable 3,478 3,182 3,478 3,182
Accrued expenses 91,406 92,109 91,394 92,109

Total trade and other payables 212,583 351,175 212,530 351,147

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