DISCLOSURE OF FINANCIAL INSTRUMENTS Sample Clauses

DISCLOSURE OF FINANCIAL INSTRUMENTS. 38.1 Financial risk management policies The Company and its subsidiary are exposed to normal business risks from changes in market interest rates and from non-performance of contractual obligations by counterparties. The Company and its subsidiary do not hold or issue derivative financial instruments for speculative or trading purposes. 38.2 Interest rate risk Interest rate risk is the risk that future movements in market interest rates, which may affect the interest earnings and expenses in the present and future years. The Company is primarily exposed to interest rate risk that relates primarily to deposit at Financial institution, short term investments, and loans from financial institutions from its variable rate borrowing due to changes in interest rates. The Company and its subsidiary have no policy to use any derivative financial instruments to reduce this risk. As at December 31, 2019 and 2018, the financial assets and liabilities with the fixed interest rates classified by the remaining periods to earlier of reprising dated or maturity dates, commencing as from the statement of financial position date were as follows: Consolidated financial statement 2019 2018 Floating Fixed No interest Total Floating Fixed No interest Total Interest rate Interest rate Interest rate Interest rate Financial assets Cash and cash equivalents 164,639,574 20,000,000 13,496,946 198,136,520 109,901,989 - 31,439,074 141,341,063 Short-term investments in fixed deposit - 1,004 - 1,004 - 474,794 - 474,794 Accounts receivable and other receivable - - 390,083,564 390,083,564 - - 297,695,160 297,695,160 Bank overdrafts and short-term loan 35,667,804 200,000,000 - 235,667,804 243,782 100,0000,000 - 100,243,782 Accounts payable and other payable - - 404,789,430 404,789,430 - - 371,930,144 371,930,144 Long-term loans - 983,046,800 - 983,046,800 - 895,969,305 - 895,969,305 Liabilities under long-term agreement - 144,145,469 - 144,145,469 - 182,339,713 - 182,339,713 Cash and cash equivalents - 20,000,000 - - - 20,000,000 1.55 fixed deposit - 1,004 - - - 1,004 0.90 - 1.00 Shot-term loans - 200,000,000 - - - 200,000,000 4.25 Long-term loans - 218,757,315 764,289,485 - 983,046,800 3.85 - 6.50 Liabilities under long-term agreement - 64,663,374 79,482,095 - - 144,145,469 5.18 - 7.62 Short-term investment in Financial liabilities Short-term investment in fixed deposit Financial liabilities - 474,794 - - - 474,794 0.90 - 1.00 Shot-term loans - 100,000,000 - - - 100,000,000 4.00 Long-term l...
Sample 1
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DISCLOSURE OF FINANCIAL INSTRUMENTS. The Company has a policy to manage the financial risks that affect the normal course of business such as changes in interest rate, the possibility of uncollectible debts, the ability to maintain the liquidity of working capital and the difference between the fair value and carrying value of financial assets and liabilities, etc. Never the less, the management expects the effects of these risks to be similar to the year ended December 31, 2011. As at March 31, 2012 and December, the significant financial assets and financial liabilities classified by types of interest rates were as follows: As at March 31, 2012 Financial assets Floating interest rate Fixed interest rate Interest - free Total Cash at financial institution 56,889,848 - - 56,889,848 Trade accounts receivable - - 6,280,009 6,280,009 Other accounts receivable - - 8,171,035 8,171,035 Refundable deposits and other Financial liabilities Trade account payable - - - 95,184,920 171,317,985 95,184,920 177,217,985 Other payable - - 78,858,690 78,858,690 Account payable-leasehold from financial institution - - 80,758,412 80,758,412 Xxxxx purchased payable - - 17,820,969 17,820,969 Liability under hire-purchase contract - 7,809,415 - 7,809,415 Long-term loan from relate parties - 27,170,984 - 27,170,984 Long-term loan from financial institutions - 117,938,769 - 117,938,769 21. CORPORATE INCOME TAX Corporate income tax for the year 2011 is calculated by multiplying from tax profits by the rate of 30% of net profits. Corporate income tax is calculated by multiplying earnings represents net profit before income tax for the period, after adding back certain expenses which are non-deductible for income tax computation purposes, and less certain transactions which are exemption or allowable from income tax. According to the Royal Decree 530 (B.E. 2554) dated December 14, 2011 issued under the Revenue Code, regarding the reduction of income tax rates, corporate income tax for the year 2012 is calculated by multiplying from tax profits by the rate of 23% of net profits, and for the year 2013 - 2014, onwards by the rate of 20% of net profits.
Sample 1
DISCLOSURE OF FINANCIAL INSTRUMENTS. The Company has a policy to manage the financial risks that affect the normal course of business such as changes in interest rate, the possibility of uncollectible debts, the ability to maintain the liquidity of working capital and the difference between the fair value and carrying value of financial assets and liabilities, etc. Nevertheless, the management expects the effects of these risks to be similar to the year ended December 31, 2020. The Company uses the market approach to measure their assets and liabilities that are required to be measured at fair value by relevant financial reporting standards, except that the cost approach or income approach is used when there is no active market or when a quoted market price is not available. Level 1 - Use of Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Use of Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (e.g. prices) or indirectly (e.g. derived from prices). Xxxxx 0 - Use of unobservable inputs such as estimates of future cash flows. As at June 30, 2021, the Company had the following assets and liabilities that were measured at fair value using different levels of inputs as follows :- Xxxxx 0 Xxxxx 0 Xxxxx 0 Total Other current financial assets - Mutual fund fixed income (hold to maturity within 1 year) - 610,396 - 610,396 Other non-current financial assets - Equity 153,333 - - 153,333 Total 153,333 610,396 - 763,729 Fair valuation techniques and inputs to Level 2 fair valuation The fair value of investments in investment units that are not listed on the Stock Exchange of Thailand is determined by using the net asset value per unit as announced by the fund managers. During the period, there were no transfers within the fair value hierarchy.
Sample 1
DISCLOSURE OF FINANCIAL INSTRUMENTS. The Company has a policy to manage the financial risks that affect the normal course of business such as changes in interest rate, the possibility of uncollectible debts, the ability to maintain the liquidity of working capital and the difference between the fair value and carrying value of financial assets and liabilities, etc. Nevertheless, the management expects the effects of these risks to be similar to the year ended December 31, 2021. The Company uses the market approach to measure their assets and liabilities that are required to be measured at fair value by relevant financial reporting standards, except that the cost approach or income approach is used when there is no active market or when a quoted market price is not available. Level 1 - Use of Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Use of Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (e.g. prices) or indirectly (e.g. derived from prices). Xxxxx 0 - Use of unobservable inputs such as estimates of future cash flows. As at March 31, 2022, the Company had the following assets and liabilities that were measured at fair value using different levels of inputs as follows :- Thousand Baht Xxxxx 0 Xxxxx 0 Xxxxx 0 Total Other current financial assets - Mutual fund fixed income (hold to maturity within 1 year) - 906,703 - 906,703 Other non-current financial assets - Equity 166,667 - - 166,667 Total 166,667 906,703 - 1,073,370 As at March 31, 2022 and December 31, 2021, the Company has commitments as follows :- Thousand Baht As at March 31, 2022 As December 31, 2021 23.1 Letters of guarantee issued by a commercial bank to the government unit and the state enterprise. 13,587 24,247 23.2 Construction and equipment installation agreements 9,346 6,598 Certain amounts in the statements of income for the three-month period ended March 31, 2021 has been reclassified to conform to the current year’s classification but with no effect to previously reported net income or shareholders’ equity. The reclassifications were as follow: Increase As reclassified Cost of medical services 297,657 (2,014) 295,643 Administrative expenses 25,803 2,014 27,817 At the ordinary shareholders’ meeting held on April 18, 2022, the shareholders approved the appropriation of dividend from operating results of Baht 0.6034 per share, 149.91 million shares, amounting to Baht 90.46 million. The dividend will be propose...
Sample 1
DISCLOSURE OF FINANCIAL INSTRUMENTS. 33.1 Financial risk management policies The Company and its subsidiary are exposed to normal business risks from changes in market interest rates and from non-performance of contractual obligations by counterparties. The Company and its subsidiary do not hold or issue derivative financial instruments for speculative or trading purposes. 33.2 Interest rate risk Interest rate risk is the risk that future movements in market interest rates, which may affect the interest earnings and expenses in the present and future years. The Company is primarily exposed to interest rate risk that relates primarily to deposit at Financial institution, short term investments, and loans from financial institutions from its variable rate borrowing due to changes in interest rates. The Company and its subsidiary have no policy to use any derivative financial instruments to reduce this risk. 33.3 Credit risk Credit risk is the potential financial loss resulting from the failure of a customer or a counter party to settle its financial and contractual obligations to the Company as and when they fall due. Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. Credit evaluations of the financial condition of its counterparties, to provide a term of payment, and to require partial payment of deposit, or call for collateral as other security. Therefore, it does not expert to incur material losses from debt collection more than the amount already provided in the allowance for doubtful accounts.
Sample 1
DISCLOSURE OF FINANCIAL INSTRUMENTS. 34.1 Interest Rate Risk As at December 31, 2023 and 2022, the Group has financial assets and financial liabilities with exposure to interest rate risk as follows: In Thousand Baht Consolidated Financial Statements Floating rate Fixed rate None -interest Total Cash and cash equivalents 330,507 25,000 000 000,883 Trade accounts receivable from sales and services - - 209,461 209,461 Other current receivables - - 8,561 8,561 Current contract assets - - 96,035 96,035 Restricted deposit with bank 1,255 11,244 - 12,499 Trade and other non - current receivables - - 75,105 75,105 Short-term loan from financial institution - 50,000 - 50,000 Short-term loan from related companies - 129,350 - 129,350 Trade accounts payable - general suppliers - - 232,694 232,694 Trade and other current payables - related companies - - 43,761 43,761 Lease liabilities - 49,641 - 49,641 In Thousand Baht Consolidated Financial Statements Floating rate Fixed rate None -interest Total Cash and cash equivalents 274,573 5,000 000 000,913 Trade accounts receivable from sales and services - - 207,159 207,159 Other current receivables - - 49,219 49,219 Current contract assets - - 40,359 40,359 Restricted deposit with bank 900 5,215 - 6,115 Trade and other non - current receivables - - 66,044 66,044 Short-term loan from financial institution - 63,000 - 63,000 Short-term loan from related companies - 101,350 - 101,350 Trade accounts payable - general suppliers - - 168,798 168,798 Trade and other current payables - related companies - - 24,066 24,066 Long-term loans from financial institutions - 1,399 - 1,399 Lease liabilities - 20,365 - 20,365 In Thousand Baht Separate Financial Statements 2023 Floating rate Fixed rate None - interest Total Cash and cash equivalents 119,957 20,000 115 140,072 Trade accounts receivable from sales and services - - 103,196 103,196 Other current receivables - - 261,968 261,968 Current contract assets - - 96,035 96,035 Short-term loan to related companies - - 59,707 59,707 Restricted deposit with bank - 8,033 - 8,033 Trade and other non-current receivables - - 75,105 75,105 Trade accounts payable - general suppliers - - 36,485 36,485 Trade and other current payables - related companies - - 46,065 46,065 Lease liabilities - 7,347 - 7,347 Separate Financial Statements 2022 Floating rate Fixed rate None - interest Total Cash and cash equivalents 165,414 - 180 165,594 Trade accounts receivable from sales and services - - 171,651 171,651 Other current receivables - - 297,41...
Sample 1
DISCLOSURE OF FINANCIAL INSTRUMENTS. The Company has a policy to manage the financial risks that affect the normal course of business such as changes in interest rate, the possibility of uncollectible debts, the ability to maintain the liquidity of working capital and the difference between the fair value and carrying value of financial assets and liabilities, etc. Nevertheless, the management expects the effects of these risks to be similar to the year ended December 31, 2011. As at September 30, 2012, the significant financial assets and financial liabilities classified by types of interest rates were as follows: interest rate interest rate - free Cash and cash equivalents 88,961,337 - 6,455,510 95,416,847 Trade accounts receivable - - 1,726,181 1,726,181 Other accounts receivable - - 11,380,678 11,380,678 Refundable deposits and other - - 106,314,618 106,314,618 Financial liabilities Bank overdrafts from financial institutions 35,737 - - 35,737 Trade account payable - - 118,217,605 118,217,605 Other payable - - 54,891,683 54,891,683 Account payable-leasehold from financial institution - - 86,551,132 86,551,132 Asset purchased payable - - 13,783,475 13,783,475 Liability under hire-purchase contract - 18,695,362 - 18,695,362 Long-term loan from financial institutions - 128,986,635 - 128,986,635
Sample 1
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DISCLOSURE OF FINANCIAL INSTRUMENTS. Financial risk management policies The Company and its subsidiary are exposed to normal business risks from changes in market interest rates and from non-performance of contractual obligations by counterparties. The Company and its subsidiary do not hold or issue derivative financial instruments for speculative or trading purposes.
Sample 1

Related to DISCLOSURE OF FINANCIAL INSTRUMENTS

  • Disclosure of Agreements The agreements and documents described in the Registration Statement, the Preliminary Prospectus and the Prospectus conform to the descriptions thereof contained therein and there are no agreements or other documents required to be described in the Registration Statement, the Preliminary Prospectus or the Prospectus or to be filed with the Commission as exhibits to the Registration Statement, that have not been so described or filed. Each agreement or other instrument (however characterized or described) to which the Company is a party or by which its property or business is or may be bound or affected and (i) that is referred to in the Registration Statement, Preliminary Prospectus or the Prospectus or attached as an exhibit thereto, or (ii) is material to the Company’s business, has been duly and validly executed by the Company, is in full force and effect in all material respects and is enforceable against the Company and, to the Company’s knowledge, the other parties thereto, in accordance with its terms, except (x) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally, (y) as enforceability of any indemnification or contribution provision may be limited under the federal and state securities laws, and (z) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought, and none of such agreements or instruments has been assigned by the Company, and neither the Company nor, to the Company’s knowledge, any other party is in breach or default thereunder and, to the Company’s knowledge, no event has occurred that, with the lapse of time or the giving of notice, or both, would constitute a breach or default thereunder. To the Company’s knowledge, performance by the Company of the material provisions of such agreements or instruments will not result in a material violation of any existing applicable law, rule, regulation, judgment, order or decree of any governmental agency or court, domestic or foreign, having jurisdiction over the Company or any of its assets or businesses, including, without limitation, those relating to environmental laws and regulations.

  • Other Financial Information Budgets, sales projections, operating plans and other financial information reasonably requested by Bank.

  • Disclosure of Transactions All financial statements of the Servicer, the Parent, the Performance Guarantor, the Originators or any Affiliate thereof that are consolidated to include the Borrower will disclose that (i) the Borrower’s sole business consists of the purchase or acceptance through capital contributions of the Receivables and Related Rights from the Originators and the subsequent retransfer of or granting of a security interest in such Receivables and Related Rights to the Administrative Agent pursuant to this Agreement, (ii) the Borrower is a separate legal entity with its own separate creditors who will be entitled, upon its liquidation, to be satisfied out of the Borrower’s assets prior to any assets or value in the Borrower becoming available to the Borrower’s equity holders and (iii) the assets of the Borrower are not available to pay creditors of the Servicer, the Parent, the Performance Guarantor, the Originators or any Affiliate thereof.

  • Disclosure of Transactions and Other Material Information The Company shall, within the time required under the 1934 Act, file a Current Report on Form 8-K describing all the material terms of the transactions contemplated by the Transaction Documents in the form required by the 1934 Act and attaching all the material Transaction Documents (including, without limitation, this Agreement (including all attachments, the “8-K Filing”). From and after the filing of the 8-K Filing, the Company shall have disclosed all material, non-public information (if any) delivered to any of the Buyers by the Company or any of its Subsidiaries, or any of their respective officers, directors, employees or agents in connection with the transactions contemplated by the Transaction Documents. In addition, effective upon the filing of the 8-K Filing, the Company acknowledges and agrees that any and all confidentiality or similar obligations under any agreement with respect to the transactions contemplated under the Transaction Documents, whether written or oral, between the Company, any of its Subsidiaries or any of their respective officers, directors, affiliates, employees or agents, on the one hand, and any of the Buyers or any of their affiliates, on the other hand, shall terminate. In the event of a breach of any of the foregoing covenants by the Company, any of its Subsidiaries, or any of its or their respective officers, directors, employees and agents (as determined in the reasonable good faith judgment of such Buyer), in addition to any other remedy provided herein or in the Transaction Documents, such Buyer shall have the right to make a public disclosure, in the form of a press release, public advertisement or otherwise, of such material, non-public information, as applicable, without the prior approval by the Company, any of its Subsidiaries, or any of its or their respective officers, directors, employees or agents; provided the Buyer shall have first provided written notice to the Company that it believes it has received information that constitutes material, non-public information, the Company shall have at least 48 hours to publicly disclose such material, non-public information prior to any such disclosure by the Buyer or demonstrate to the Buyer in writing why such information does not constitute material, non-public information, and (assuming the Buyer and Buyer’s counsel disagree with the Company’s determination) the Company shall have failed to publicly disclose such material, non-public information within such time period. No Buyer shall have any liability to the Company, any of its Subsidiaries, or any of its or their respective officers, directors, employees, stockholders or agents, for any such disclosure. To the extent that the Company delivers any material, non-public information to a Buyer without such Buyer’s consent, the Company hereby covenants and agrees that such Buyer shall not have any duty of confidentiality with respect to, or a duty not to trade on the basis of, such material, non-public information. Subject to the foregoing, neither the Company, its Subsidiaries nor any Buyer shall issue any press releases or any other public statements with respect to the transactions contemplated hereby; provided, however, the Company shall be entitled, without the prior approval of any Buyer, to make any press release or other public disclosure with respect to such transactions (i) in substantial conformity with the 8-K Filing and contemporaneously therewith and (ii) as is required by applicable law and regulations (provided that in the case of clause (i) each Buyer shall be consulted by the Company in connection with any such press release or other public disclosure prior to its release). Notwithstanding anything contained in this Agreement to the contrary and without implication that the contrary would otherwise be true, the Company expressly acknowledges and agrees that no Buyer has had, and no Buyer shall have (unless expressly agreed to by a particular Buyer after the date hereof in a written definitive and binding agreement executed by the Company and such particular Buyer (it being understood and agreed that no Buyer may bind any other Buyer with respect thereto)), any duty of confidentiality with respect to, or a duty not to trade on the basis of, any material, non-public information regarding the Company or any of its Subsidiaries.

  • Disclosure of Information Holder is aware of the Company’s business affairs and financial condition and has received or has had full access to all the information it considers necessary or appropriate to make an informed investment decision with respect to the acquisition of this Warrant and its underlying securities. Holder further has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the offering of this Warrant and its underlying securities and to obtain additional information (to the extent the Company possessed such information or could acquire it without unreasonable effort or expense) necessary to verify any information furnished to Holder or to which Holder has access.

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