TRADE AND OTHER PAYABLES. Trade and other payables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method.
TRADE AND OTHER PAYABLES. A detail of trade and other payables is as follows: (Unaudited) (Audited) 6/30/2021 12/31/2020 Trade payables: Accounts payable to related parties (see note 22) US$ 3,871 2,481 Local suppliers 2,101 1,948 Foreign suppliers 72 89 Others Other payables: Provision of services 534 1,240 508 1,408 Accounts payable EPMSA 1,121 1,089 Total US$ 8,939 7,523 Local suppliers - Principally comprise accounts payable to suppliers for services and goods received related to the airport operation. Account payable EPMSA - Comprise accounts payable for the usufruct agreement that gives the right to use special equipment for use by the NQIA. During 2019 the contract was renewed for five more years. In addition, includes US$900 as part provisions for services payable to EPMSA.
TRADE AND OTHER PAYABLES. Trade and other payables were as follows: In Thousand Baht Consolidated financial statements Separate financial statements As at June 30, 2019 As at December 31, 2018 As at June 30, 2019 As at December 31, 2018 Trade payables 880,897 398,949 769,663 298,108 Other payables 43,290 59,497 33,959 52,503 Accrued expenses 173,459 255,045 217,368 270,650 Total 1,097,646 713,491 1,020,990 621,261 17. EMPLOYEE BENEFIT OBLIGATIONS Movement of employee benefit obligations for the six-month period ended June 30, 2019 shown as follows :- The statements of financial position In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2019 (For the six-month period) 31, 2018 (For the year) 30, 2019(For the six-month period) 31, 2018 (For the year) Defined benefit obligations, at the beginning of the period 18,860 17,167 18,860 17,167 Profit from the estimate base on actuarial (1,542) - (1,542) - Service cost and interest cost in the past - Adjustment in past-employment benefit plan 4,539 - 4,539 - Current service costs and interest 1,214 2,121 1,214 2,121 Employee benefit obligations paid - (654) - (654) Exchange differences on translating financial statement - 226 - 226 Defined benefit obligations, at the end of the period 23,071 18,860 23,071 18,860 Expense recognized in the statement of comprehensive income for the three-month and six-month period ended June 30, 2019 and 2018 are as follows : In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the three-month period ended June 30, For the three-month period ended June 30, Statement of Comprehensive income Recognized in profit or loss 2019 2018 2019 2018 Service cost and interest cost in the past 4,539 - 4,539 - Current service cost 513 430 513 430 Interest on obligation 147 111 147 111 Total 5,199 541 5,199 541 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the six-month period ended June 30, For the six-month period ended June 30, Statement of Comprehensive income Recognized in profit or loss 2019 2018 2019 2018 Service cost and interest cost in the past 4,539 - 4,539 - Current service cost 947 842 947 842 Interest on obligation 267 218 267 218 Total 5,753 1,060 5,753 1,060 On April 5, 2019, the Labour Protection Act has been enacted in the Royal Gazette. The Labour Protection Act includes a requirement that an employee who is terminated after having been employed by the ...
TRADE AND OTHER PAYABLES. In Thousand Baht Consolidated financial statements Separate financial statements As at June As at December As at June As at December 30, 2022 31, 2021 30, 2022 31, 2021 Trade payables - related parties 1,049 810 315,615 301,230 Trade payables - unrelated parties 774,086 341,690 258,475 163,145 Other payables - related parties 11,230 4,695 9,964 3,659 Other payables - unrelated parties 61,420 51,599 21,384 27,162 Accrued expenses - related parties - - 631 78 Accrued expenses - unrelated parties 80,324 76,798 61,175 71,228 Total 928,109 475,592 667,244 566,502 17. ShORT-TERM DEBENTURES In Thousand Baht Consolidated/ Separate financial statements Carrying amount Series Maturity date No. of units Par value Interest rate Term of interest payment As at June 30, 2022 As at December 31, 2021 (Thousand units) (Baht) (% p.a.) 3/2021 Entirely redeemed 300 1,000 5.65 Quarterly 300,000 300,000 on 1 July 2022 (8 months) Total 300,000 300,000 Less: Deferred debenture issuing costs (17) (2,378) Debentures - net 299,983 297,622 The Company’s debentures issued to institutional investors or high net worth investors. Short-term debentures are unsubordinated, unsecured debenture with debenture holders’ representative in the name - registered certificate. The proceeds were used as the working capital for its operations. The short-term debenture contains terms of issue relating to the maintenance of a certain financial ratio at the end of quarterly period and at the end of year.
TRADE AND OTHER PAYABLES. (Continued) Included in trade and other payables are trade creditors with the following ageing analysis: The Group The Company 2000 1999 2000 1999 $’000 $’000 $’000 $’000 Due within 1 month or on demand 198,453 189,404 12,925 12,360 Due after 1 month but within 3 months 39,849 16,459 – – Due after 3 months but within 12 months 5,325 4,602 – – 243,627 210,465 12,925 12,360 23. SHARE CAPITAL 2000 1999 Number of Number of shares shares (thousand) $’000 (thousand) $’000 Authorised: Ordinary shares of $0.1 each 15,000,000 1,500,000 1,500,000 150,000 Issued and fully paid: At 1 January and at 31 December 909,509 90,951 909,509 90,951
TRADE AND OTHER PAYABLES. Trade and other payables of the Company primarily consists of amounts outstanding for trade purchases relating to coal mining, development and exploration activities and mining royalties payable. The usual credit period taken for trade purchases is between 30 to 90 days. The aging of the Company’s trade and other payables, based on the invoice date, is as follows: As at June 30, December 31, 2021 2020 Less than 1 month $ 14,082 $ 22,803 1 to 3 months 2,550 4,935 3 to 6 months 18,518 6,365 Over 6 months 33,641 40,262 Total trade and other payables $ 68,791 $ 74,365 12. ACCUMULATED DEFICIT AND DIVIDENDS At June 30, 2021, the Company has accumulated a deficit of $1,191,922 (December 31, 2020: $1,197,698). No dividends have been paid or declared by the Company since inception. REVIEW OF INTERIM RESULTS The condensed consolidated interim financial statements of the Company for the three and six months ended June 30, 2021, which are unaudited but have been reviewed by the Company’s independent auditor and the Audit Committee and they have been prepared in compliance with the IFRS, the Hong Kong Listing Rules, TSX Company Manual and other applicable legal requirements. The Company’s results for the three and six months ended June 30, 2021 are contained in the unaudited condensed consolidated interim financial statements and Management Discussion and Analysis of Financial Condition and Results of Operations, available on the SEDAR website at xxx.xxxxx.xxx and the Company’s website at xxx.xxxxxxxxx.xxx.
TRADE AND OTHER PAYABLES. Trade and other payables were as follows: In Thousand Baht Consolidated financial statements Separate financial statements As at December 31, As at December 31, 2019 2018 2019 2018 Trade payables 1,545,416 398,949 1,459,31o 298,108 Other payables 54,179 59,497 49,733 52,503 Accrued expenses 265,892 255,045 261,211 270,650 Deferred income 35,302 - 35,3o2 - Total 1,900,789 713,491 1,8o5,556 621,261 Trade payables based on currency denomination as at December 31, 2019 and 2018 were as follows: In Thousand Baht Consolidated financial statements Separate financial statements As at December 31, As at December 31, 2019 2018 2019 2018 Thai Baht (THB) 15,302 8,834 15,213 8,783 Japanese Yen (JPY) 1,438,577 295,283 1,437,940 287,407 Chinese Yuan (CNY) 85,380 92,914 - - United States Dollars (USD) 6,157 1,918 6,157 1,918 Total 1,545,416 398,949 1,459,310 298,108 18. EMPLOYEE BENEFIT OBLIGATIONS
TRADE AND OTHER PAYABLES. Trade and other payables were as follows: In Thousand Baht Consolidated financial statements Separate financial statements As at September 30, 2019 As at December 31, 2018 As at September 30, 2019 As at December 31, 2018 Trade payables 1,109,064 398,949 1,031,806 298,108 Other payables 49,844 59,497 38,936 52,503 Accrued expenses 227,958 255,045 199,892 270,650 Total 1,386,866 713,491 1,270,634 621,261 16. EMPLOYEE BENEFIT OBLIGATIONS Movement of employee benefit obligations for the nine-month period ended September 30, 2019 shown as follows :- The statements of financial position In Thousand Baht
TRADE AND OTHER PAYABLES. In Thousand Baht Consolidated financial statements Separate financial statements As at September 30, 2019 As at December 31, 2018 As at September 30, 2019 As at December 31, 2018 Trade accounts payable - related party 32,554 44,072 - - Trade accounts payable - unrelated parties 397,584 434,822 188,917 234,976 Advances from related parties 450 - 8,455 5,792 Fixed assets and intangible assets payable 11,298 17,717 11,288 17,702 Accrued interest expense - related parties - - 4,354 5,689 Accrued expenses - unrelated parties 36,309 247,520 21,661 232,509 Total trade and other payables 478,195 744,131 234,675 496,668 15. PROVISION FOR LIABILITIES UNDER CONSTRUCTION PROJECTS In Thousand Baht Consolidated financial statements Separate financial statements Warranties Loss on construction Total Warranties Loss on construction Total As at January 1, 2019 21,977 2,554 24,531 3,797 2,554 6,351 Increase during the period 4,387 8,056 12,443 4,337 8,056 12,393 Decrease from occurrence of actual expense (11,522) (10,059) (21,581) (1,882) (10,059) (11,941) Reversal of provisions (2,297) - (2,297) - - - As at September 30, 2019 12,545 551 13,096 6,252 551 6,803
TRADE AND OTHER PAYABLES. (a) Trade payables Trade payables shall be the sum of amounts that have been billed and not yet paid plus amounts not yet billed but where services have been used.
