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EN_Tipco_Annual Report 2014

TIPCO FOODS PUBLIC COMPANY LIMITED PAGE 150/ 151 Separated financial statements As at December 31, 2013 Fixed interest rates Unit : Million Baht Floating interest rate Non-interest Within Over Total 1 year 1 – 5 year bearing Financial Assets Cash and cash equivalents Trade and other receivables Short-term loans to related parties Available-for-sale investment Financial liabilities Bank overdrafts and short-term 33.1.3 Foreign Exchange Rate Risk The Company and its subsidiaries’ exposure to foreign currency risk mainly relating to purchase/sale which are denominated in foreign currencies. The Company and its subsidiaries hedged against currency risk by entering into forward exchange contracts with maturities of less than 1 year. Foreign exchange contracts of the Company and its subsidiary outstanding at December 31, 2014 are as follows: loans from financial institutions Trade and other payables Long – term loans from banks Financial lease payable - - 51 - 935 - - 4 - - - - - - - 3 1 - - - 5 - 427 - 14 197 - 0.7 - 194 - - 15 197 51 0.7 940 194 427 7 Foreign currency Bought US Dollar Contractual exchange rate contracts Sold contracts Bought Sold 430,371 2,421,059 33.0475-33.3550 32.3400-33.1550 The right to exercise under the contract depends on spot exchange rate on the due date. The balances of financial assets and liabilities of the Company and its subsidiaries denominated in foreign currencies as at December 31, 2014 are as follow:


EN_Tipco_Annual Report 2014
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