ANNUAL REPORT 2014 Geographie segment information Revenues from the sale of goods and the rendering of services Segment operating profit Revenues from the sale of goods and the rendering of services Segment operating profit For the year ended December 31, 2014 Sales-export 3,850,921,764 118,750,370 Sales- Domestic 2,000,544,697 1,563,130.131 Eliminated (343,671,043) For the year ended December 31, 2013 Unit: Baht Total 5,507,795,418 1,682,442,421 Unit: Baht Sales-export 2,167,391,339 138,874,699 Sales- Domestic 3,846,893,838 1,424,785,646 561,920 Eliminated (426,094,530) (5,794,696) Total 5,588,199,446 1,557,865,649 33. Financial Instruments The Company and its subsidiaries’ financial instruments are as follows :- 33.1. Risk Management Policies 33.1.1 Credit Risk Credit risk refers to the risk that counterparty will default on its contractual obligations. The Company and its subsidiaries are exposed to credit risk primarily with respect to trade accounts receivable. The company and its subsidiaries manage the risk by adopting appropriated credit control policies and procedures. Credit risk which arise from trade accounts receivable is minimal, since the company has a strict policy concerning the analyzing and approving credit for its customer and the debt collection process is also closely tracked by the company.
EN_Tipco_Annual Report 2014
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