Financial Positions as of December 31, 2022 2.10 Gain (Loss) on Investments In 2022, the Company recorded a gain on investments of Baht 289 million decreasing by Baht 430 million from that in the previous year, mainly from lower profit sharing from investments in associates and joint ventures. 2.11 Corporate Income Tax In 2022, the Company recorded a corporate income tax benefit of Baht 1,142 million while recorded a corporate income tax of Baht 2,351 million last year. This was due to the lessened performance. (Unit: MB) 34,466 16,828 62,611 4,604 79,678 127,267 16,493 39,376 15,051 28,671 8,287 61,079 4,743 87,712 123,391 19,550 33,766 13,785 4% 198,187 As of Dec 31, 2022 190,492 As of Dec 31, 2021 Account payables Account receivables Inventory Other current assets Non-current assets Other current liabilities Other non-current liabilities Shareholders’ Equity L/T Borrowing (incl. due within 1 yr) Assets As of December 31, 2022, the Company had total assets of Baht 198,187 million increasing by Baht 7,695 million or 4% from that on December 31, 2021. It was due to the following reasons: • Trade receivables: increased by Baht 1,266 million or 9per cent from that at the endof 2021, mainly due to a rise in average selling prices following the hiked crude oil price. The Company’s credit term policy is about 7 - 120 days and most customers made payment on schedule. As of December 31, 2022, there were trade receivables being overdue of over 3 months amounting to Baht 25 million, which incorporated in the Company’s provision for doubtful debt of Baht 25 million. The average collection period for 2022 was 16 days decreasing by 1 day from that at the end of 2021. 187 Management Discussion and Analysis (MD&A) IRPC PUBLIC COMPANY LIMITED
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