303 O N E R E P O R T 2 0 2 2 OVERVIEW BUSINESS OVERVIEW AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL INFORMATION SUSTAINABLE BUSINESS DEVELOPMENT This information is not a forecast or prediction of future market conditions and should be used with care. Foreign currency risk The Group’s exposure to foreign currency risk arises mainly from cash and cash equivalents, trade and other receivables, amounts due from related parties, account payables, other payables, amounts due to related parties and lease liabilities that are denominated in several foreign currencies. The Group has a natural hedge to the extent that payments for foreign currency payables are matched against receivables denominated in the same foreign currency. Moreover, the Group uses forward foreign exchange contract to hedge its exposure to foreign currency risk for payments to be settled in foreign currencies. Foreign currency sensitivity The following tables demonstrate the sensitivity of the Group’s loss before tax and equity to a reasonably possible change in US dollar exchange rates, with all other variables held constant. The impact on the Group’s loss before tax and equity is due to changes in the fair value of monetary assets and liabilities including non-designated foreign currency derivatives as at 31 December 2022 and 2021. The Group’s exposure to foreign currency changes for all other currencies is not material This information is not a forecast or prediction of future market conditions and should be used with care. Liquidity risk The table below summarises the maturity profile of the Group’s non-derivative financial liabilities and derivative financial instruments as at 31 December 2022 and 2021 based on contractual undiscounted cash flows: Currency Increase/decrease (decimal) Effect on loss before tax (Baht Thousand) Effect on equity (Baht Thousand) 2022 2021 2022 2021 2022 2021 Baht +0.6 +0.6 10,862 6,239 - - -0.6 -0.6 (8,297) (6,239) - - US dollar +0.6 +0.6 - 339 - 7 -0.6 -0.6 - (339) - (7) Currency Increase/decrease (%) Effect on loss before tax (Baht Thousand) Effect on equity (Baht Thousand) 2022 2021 2022 2021 2022 2021 US dollar +5 +5 2,395,579 1,831,383 - 167,273 -5 -5 (2,395,579) (1,831,383) - (167,273) Consolidated financial statements On demand Less than 1 year 1-5 years More than 5 years Total For the year ended 31 December 2022 Non-derivatives Short-term loans from financial institutions - 752 - - 752 Short-term debentures - 784 - - 784 Trade and other payables 1,856 - - - 1,856 Amounts due to related parties 1,422 - - - 1,422 Accrued expenses 4,138 - - - 4,138 Long-term loans - 937 2,539 198 3,674 Debentures - 1,141 1,480 - 2,621 (Unit: Baht Million) Consolidated financial statement Consolidated financial statement
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