Panjawattana Plastic Public Company Limited

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- 37 -PANJAWATTANA PLASTIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIESNOTES TO FINANCIAL STATEMENTS (CONT.)DECEMBER 31, 2012 AND 2011Mold for amortization movements are as follow :-BahtConsolidated financial statementsSeparate financial statements2012 2011 2012 2011Beginning balance 5,440,333.29 4,854,465.78 4,920,333.29 4,854,465.78Plus Increase during the year 3,669,660.00 1,886,900.00 3,669,660.00 1,366,900.00Less Amortized off during the year (3,531,351.98) (1,301,032.49) (3,490,440.30) (1,301,032.49)Ending balance 5,578,641.31 5,440,333.29 5,099,552.99 4,920,333.2914. BANK OVERDRAFTS AND SHORT-TERM LOANS FROM FINANCIAL INSTITUTIONSBahtConsolidated financial statements/Interest rate (%) Separate financial statementsper annum 2012 2011Promissory notes MRR 38,000,000.00 -Promissory notes MOR+0.25 - 80,000,000.00Promissory notes MOR-0.50 - 85,000,000.00Trust receipt 4.00 7,342,280.40 16,426,130.98Factoring 7.50 - 9,985,624.93Total 45,342,280.40 191,411,755.91As at December 2012 and 2011, the Company and its subsidiaries has bank overdraft and shorttermloans from financial institution with 2 and 1 local commercial bank as follow :As at December 31, 2012, the Company has bank overdraft in limit of Baht 40 million at interestrate MOR per annum and has short-term loan in term of promissory note in limit of Baht 415 million atinterest rate MRR per annum, opening limit of letter of credit and do trust receipt for ordering machineriesfrom foreign country in limit of Baht 180 million (Total limit of Baht 635 million).As at December 31, 2011, the Company has bank overdraft in limit of Baht 10 million at interestrate MOR per annum and has short-term loan in term of promissory note in limit of Baht 80 million atinterest rate MOR + 0.25 per annum, and has short-term loan in term of promissory note in limit of baht85 million at interest rate MOR-0.50 per annum, opening limit of letter of credit and do trust receipt forordering machineries from foreign country in limit of Baht 85 million (Total limit of Baht 260 million).The overdraft and short-term loan lines are secured by mortgage of property and construction ofthe Company and company’s machinery as well as the benefits from property insurance for using ascollateral for credit limit. (see note 11).110
- 38 -PANJAWATTANA PLASTIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIESNOTES TO FINANCIAL STATEMENTS (CONT.)DECEMBER 31, 2012 AND 201115. LONG-TERM LOANSLong-term loans consist of :-BahtConsolidated financial statementsBalance as at Increase Decrease Balance as atLoans Interest rate December 31, 2011 December 31, 20121. Baht 54 million MLR +0.25 4,902,000.00 - (4,902,000.00) -2. Baht 20 million MLR - 2.5 10,100,000.00 - (6,600,000.00) 3,500,000.003. Baht 85 million MLR - 2.5 82,198,000.00 - (18,240,000.00) 63,958,000.004. Baht 45 million MLR - 2.5 20,555,144.00 12,082,181.89 (9,000,000.00) 23,637,325.895. Baht 110 million MLR 108,500,000.00 - (108,500,000.00) -6. Baht 40 million MLR - 2.5 - 40,000,000.00 (4,002,000.00) 35,998,000.007. Bath 30 million MLR-2.25 - 10,600,000.00 (1,607,301.13) 8,992,698.87Total 226,255,144.00 62,682,181.89 (152,851,301.13) 136,086,024.76Less Payment due within one year (58,122,000.00) (45,275,900.28)Net 168,133,144.00 90,810,124.48BahtSeparate financial statementsBalance as at Increase Decrease Balance as atLoans Interest rate December 31, 2011 December 31, 20121. Baht 54 million MLR +0.25 4,902,000.00 - (4,902,000.00) -2. Baht 20 million MLR - 2.5 10,100,000.00 - (6,600,000.00) 3,500,000.003. Baht 85 million MLR - 2.5 82,198,000.00 - (18,240,000.00) 63,958,000.004. Baht 45 million MLR - 2.5 20,555,144.00 12,082,181.89 (9,000,000.00) 23,637,325.895. Baht 110 million MLR 108,500,000.00 - (108,500,000.00) -6. Baht 40 million MLR - 2.5 - 40,000,000.00 (4,002,000.00) 35,998,000.00Total 226,255,144.00 52,082,181.89 (151,244,000.00) 127,093,325.89Less Payment due within one year (58,122,000.00) (38,744,000.00)Net 168,133,144.00 88,349,325.89During year 2012, the Company has paid fully for close the fifth loans in amount of Baht 108.50million.111
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ANNUAL REPORT 2012CONTENTS01 Messag
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VISION :“Panjawattana Plastic as
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