• Inventory: increased by Baht 5,610 million or 17% from that at the end of 2021, mainly due to a 7% increase in the crude oil price and products prices following market situations as well as a 5% increase in inventory volume. The average inventory period was 42 days decreasing by 2 days from that at the end of 2021. • Other current assets: decreased by Baht 3,057 million or 16% from that at the end of 2021. This was mainly attributed to a drop in cash and cash equivalents by Baht 8,006 million and a decrease in other receivables amounts due from related parties by Baht 1,640 million. Meanwhile, there was an increase in other receivables by Baht 3,902 million, an increase in prepaid corporate income tax by Baht 1,843 million and an increase in refundable value-added tax by Baht 859 million. • Non-current assets: increased by Baht 3,876 million or 3% from that at the end of 2021, mainly due to a rise in fixed assets and investment properties of Baht 2,300 million. Most of which increased due to an increase in the major turnaround expense. Moreover, there was a rise in deferred tax assets by Baht 1,173 million. (Unit: MB) 2022 2021 Related parties Other parties Total Related parties Other parties Total Current 7,884 6,761 14,645 4,911 7,533 12,444 Overdue 239 192 431 36 1,335 1,371 - less than 3 months 239 167 406 22 1,303 1,325 - over 3 months but less than 12 months - 1 1 14 4 18 - over 12 months - 24 24 - 28 28 Total 8,123 6,953 15,076 4,947 8,868 13,815 Less Allowance for doubtful accounts - (25) (25) - (30) (30) Total Account Receivables 8,123 6,928 15,051 4,947 8,838 13,785 Trade receivables by payment period are as follows; Liabilities As of December 31, 2022, the Company had total liabilities of Baht 118,509 million increasing by Baht 15,729 million or 15% from what was stated as of December 31, 2021. It was due to the following reasons: • Trade payables: increased by Baht 5,795 million or 20% compared to that at the end of 2021. It was mainly due to an increase in crude oil price following the market situations. The average payment period was 37 days decreasing by 5 days from that at the end of 2021. • Other current liabilities: increased by Baht 8,541 million or 103% compared to that at the end of 2021, mainly due to a rise in short-term borrowing from financial institutions by Baht 9,000 million and a rise in other payables by Baht 1,005 million. While a drop in advance receipts for goods by Baht 665 million and a decrease in accrued bonus expenses by Baht 611 million. • Long -term borrowing including current portion within one year: current portion within one year: increased by Baht 1,532 million compared to that at the end of 2021, mainly due to the issuance of unsubordinated and unsecured debentures in the amount of Baht 12,000 million and loss on foreign exchange of Baht 170 million, while the repayment of borrowing and debentures of Baht 10,650 million. 56-1 One Report 2022 188 IRPC PUBLIC COMPANY LIMITED
RkJQdWJsaXNoZXIy ODg4NTI=