Page 130 - BTSGroup ONE REPORT 2021/22_EN

128 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l

Financial Analysis groupings of various customer segments with similar credit risks. The Customer

Asset Management Capability segments classify by customer type and rating. The calculation reflects
the probability-weighted outcome, the time value of money and reasonable and
Cash to be received from clearing house - share subscription of subsidiary and supportable information that is available at the reporting date about past events,
Receivable from subscription for newly issued ordinary shares of subsidiary current conditions and forecasts of future economic condition. As at 31 March
as at 31 March 2022 increased from 31 March 2021 of THB 12,916.7mn, 2022, The Group recognised an allowance for expected credit losses for Trade
because VGI received cash from the issuance of newly ordinary receivables - unrelated parties of THB 184.9mn.
shares on 2 April 2022 and registered the increase in its issued and paid-up
share capital with the Ministry of Commerce on 8 April 2022. The Group
therefore presented cash paid of the Group for share subscription as Inventories as at 31 March 2022 of THB 379.7mn, increased of THB 360.0mn
“Cash to be received from clearing house - share subscription of subsidiary” YoY, due to consolidation of Fanslink in August 2021. The Group has policy
and the remaining cash as “Receivable from subscription for newly issued in reviewing its inventory value regularly at each reporting date in order to
ordinary shares of subsidiary” in the consolidated statement of financial position. present carrying amounts of inventories of not lower than net realisable values.
The details of cash to be received from clearing house - share subscription of The details of inventories are presented in Note 9 of the financial statements.
subsidiary and receivable from subscription for newly issued ordinary shares
of subsidiary are presented in Note 14.3 to the financial statements. Receivable under agreements with government authority as at 31 March
2022 was THB 18,436.6mn consisting of current portion of THB 88.6mn
and non-current portion of THB 18,348.0mn. Receivable under agreements
Trade and other receivables as at 31 March 2022 of THB 1,094.6mn, with government authority totally increased of THB 7,618.4mn YoY (from
comprised trade receivables of THB 951.9mn and other receivables of THB 10,818.2mn as at 31 March 2021) due to services relating to the provision
THB 142.7mn. Trade and other receivables increased THB 137.3mn or 14.3% of operation, maintenance and train procurement services during the year.
from 31 March 2021 primarily due to the trade receivables - unrelated parties The Group is still waiting for the conclusion from the Cabinet regarding
are receivables that are not yet due. The details of Trade and other receivables the approval of the draft of amendment of the Green Line concession agreement.
and aging analysis are presented in Note 8 of the financial statements.
As a result, the Group has not received the payment of receivables under
the operating maintenance and train procurement services agreements.
Trade receivables as at 31 March 2022 of THB 951.9mn, comprised The Group used judgement to estimate allowance for expected credit loss
Trade receivables - related parties amounting THB 137.7mn and for the receivables, taking into account the facts from the negotiations and
Trade receivables - unrelated parties of THB 814.2mn. 90% of trade receivables the Group’s reservation of right to take legal action. The Group does not record
- unrelated parties are receivables that are not yet due and past due not more allowance for expected credit loss on the receivables because the Group
than 3 months. The Company and its subsidiaries recognised an allowance believes that it will receive the payment in full amount from KT, which
for expected credit losses that may be incurred in collection of receivables. is a government entity. In addition, interest rates of major debts are close to the market
An impairment analysis is performed at each reporting date to measure rate and the estimated allowance is immaterial to the financial statements.
expected credit losses. The provision rates are based on days past due for