Page 147 - TYCONS - ANNUAL REPORT 2022

Tycoons Worldwide Group (Thailand) Plc.

As at 31 December 2022 and 2021, the balances of financial assets and liabilities
denominated in foreign currencies are summarised below.

Financial assets Financial liabilities Average exchange rate

Foreign currency as at 31 December as at 31 December as at 31 December
2022 2021 2022 2021 2022 2021
(Million) (Million) (Million) (Million) (Baht per 1 foreign currency unit)
US dollar 4.63 4.62 32.94 47.00 34.5624 33.4199

Euro 3.83 3.01 0.07 0.25 36.8274 37.8948
New Taiwan dollar 0.01 0.01 0.26 0.26 1.1264 1.2087

Liquidity risk

The Company monitors the risk of a shortage of liquidity through the use of bank loans.
Approximately 97% of the Company’s debt will mature in less than one year at 31
December 2022 (2021: 98%) based on the carrying value of borrowings reflected in the

financial statements. The Company has assessed the concentration of risk with respect to
refinancing its debt and concluded it to be low. The Company has access to a sufficient

variety of sources of funding.

The table below summarises the maturity profile of the Company’s non-derivative financial
liabilities and derivative financial instruments as at 31 December 2022 based on

contractual undiscounted cash flows:
(Unit: Thousand Baht)

Consolidated financial statement
As at 31 December 2022
On Less than 1 to 5

demand 1 year years > 5 years Total
Non-derivatives
Short-term loans from financial
institutions - 1,305,103 - - 1,305,103
Trade and other payables - 212,583 - - 212,583

Total non-derivatives - 1,517,686 - - 1,517,686

Derivatives
Derivative liabilities: net settled - 60,513 - - 60,513

Total - 60,513 - - 60,513

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