Panjawattana Plastic Public Company Limited

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- 49 -PANJAWATTANA PLASTIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIESNOTES TO FINANCIAL STATEMENTS (CONT.)DECEMBER 31, 2012 AND 2011RevenueBusiness that havebeen promotedin investment(Note 29)BahtSeparate financial statements2012 2011Business that notbe promoted ininvestmentTotalBusiness that havebeen promotedin investment(Note 29)Business that notbe promoted ininvestmentSales 567,073,247.80 1,332,917,727.98 1,899,990,975.78 370,656,258.77 1,216,804,675.65 1,587,460,934.42Other Revenues 3,611,925.26 4,559,383.89 8,171,309.15 1,259,478.99 10,140,899.64 11,400,378.63Total Revenues 570,685,173.06 1,337,477,111.87 1,908,162,284.93 371,915,737.76 1,226,945,575.29 1,598,861,313.05Total31. FINANCIAL INSTRUMENTSFinancial instruments are any contract that enables the financial assets of a business and financialliabilities or equity increased at the same time.Risk Associated with Financial Instruments, which are significant and management policies of theCompany and its subsidiaries are as follows:Credit riskThe credit risk that related to account receivable of the Company and its subsidiaries are rather lowbecause the Company and its subsidiaries have carefully policy in giving credit by considering from theability in repayment. The number may have lost most in giving credit of the Company and its subsidiarieswill be equal to the book value of receivables in the statement of financial position.Interest rate riskThe Company and its subsidiaries have interest rate risk because they have short - term and longtermloan from financial institutions. The risk from interest rate occurred from fluctuations in marketinterest rates in the future, which will affect the results of operations and cash flows of them. TheCompany and its subsidiaries’ risk of interest rates mainly related to loans from local commercial banksbecause the majority of mentioned financial liabilities are categorized in short term type and interest ratesfluctuate according to market rate. Therefore, the Company and its subsidiaries do not use derivativeinstruments to prevent such risk.122
- 50 -PANJAWATTANA PLASTIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIESNOTES TO FINANCIAL STATEMENTS (CONT.)DECEMBER 31, 2012 AND 2011Liquidity riskLiquidity risk might occur from the fact that the Company and its subsidiaries are unable to sellfinancial assets in a timely manner with a price close to fair value. The Company and its subsidiariesmight have liquidity risk as appeared in the company’s statement of financial position, if the company andits subsidiaries cannot ask for bill payments from the accounts receivable of them to keep up with thepayment of commercial debt.Financial Assets of the Company and its subsidiaries comprises of cash and bank deposit and theaccounts receivable which has liquidity and able rapidly change to money present in fair value.Foreign currency riskThe Company and its subsidiaries have foreign currency risk due to having trade accounts payablefor purchases of goods and machineries in foreign currency.As at December 31, 2012, it has outstanding foreign currency liability as follows:Consolidated financial statementCurrency Liability Average selling exchange rateAs at December 31, 2012(Baht per foreign currency)U.S. Dollar 383,921.01 30.7775Euro 45,035.04 40.8603Yuan 1,707,959.47 4.9164Separate financial statementCurrency Liability Average selling exchange rateAs at December 31, 2012(Baht per foreign currency)U.S. Dollar 383,921.01 30.7775Euro 34,003.04 40.8603Fair Value of Financial InstrumentsFair Value is the amount of money that the buyer and seller agree to exchange financial Instrumentstogether, while both parties are knowledgeable and willing to exchange and able to independently negotiateprice in the form of non-association. The fair value derives from the market value or discounted cash flows.Most financial assets and liabilities of the Company and its subsidiaries have book value approximateto the fair value.123
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ANNUAL REPORT 2012CONTENTS01 Messag
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VISION :“Panjawattana Plastic as
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Panjawattana Plastic Public Company
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