Assets As of December 31, 2023, the Company had total assets of Baht 719,005 million, decreased by Baht 960 million or 0.1% from December 31, 2022 and variance of the assets are described as follows: Total current assets increased by Baht 14,865 million mainly due to increase in cash and cash equivalents, and current financial assets by Baht 14,287 million (refer to cash flows analysis). There was an increase in account receivables by Baht 12,507 million due to the petroleum sales volume increased after completed the planned maintenance shutdown of Refinery in Q4/2022. Inventories decreased by Baht 8,102 million as Aromatics inventory was lower. Property, plant and equipment decreased by Baht 10,462 million mainly due to the completion of projects by Baht 7,777 million and depreciation by Baht 16,025 million. Non-current assets decreased by Baht 5,364 million from the fair value measurements on the investment in Global Power Synergy Public Company Limited (GPSC). Liabilities As of December 31, 2023, the Company had total liabilities of Baht 422,824 million, increased by Baht 1,686 million from December 31, 2022 and movements of liabilities were as follows: Interest-bearing debt (including Lease liabilities) decreased by Baht 11,751 million due to 1) the drawdown of short-term borrowings by Baht 11,400 million and long-term borrowings by Euro 64 million 2) Short-term loans were repaid by Baht 2,000 million, and Baht 7,157 million along with USD 100 million were used to repay long-term loans. Additionally, USD bonds total of USD 355 million were repurchased. Trade accounts payable increased by Baht 13,550 million mainly due to higher crude purchased after the completion of planned maintenance shutdown of Refinery and higher propane purchased. Other liabilities increased by Baht 613 million due to other payable increased by Baht 2,107 million, and a decline in payables to contractors by Baht 1,223 million. However, derivatives liabilities decreased by Baht 1,548 million related to commodity hedging. Shareholder’s Equity As of December 31, 2023, the Company had total shareholder’s equity of Baht 296,181 million, which decreased by Baht 2,647 million from December 31, 2022 as a result from change in Other components of equity, which included the loss from fair value measurements in financial assets and the fair value measurements of GPSC. 121 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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