Page 197 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED 197

34.4 Loans to related party

Separate financial information Operational Highlights and Financial Summary
2024 2023
Thousand Baht Thousand Baht

Non-current
Operational Highlights and Financial Summary
Loans to related party 782,100 782,100
Total 782,100 782,100

The movements of loans to related party during the year are as follows:

Separate financial statements Key Milestones
Key Milestones
2024 2023
Thousand Baht Thousand Baht

Opening book value, net 782,100 782,100
Closing book value, net 782,100 782,100 Business Overview

Business Overview
The loans to related party are unsecured loans that are loans to subsidiary, denominated in Thai Baht.
The loan bear interest rate at 2.50% per annum. These loans are due at call. As at 31 December 2024, the
management considered the repayment plan of the subsidiary, and concluded to classify these loans to non-
current portion, to be aligned with the financial management plan of the Group.

Such loans have fair value nearly to the book value since the effect of the discount rate is insignificant. The fair
value of the loans to related party are calculated from future cash flows that are discounted at market interest Governance Structure and Practices
rates of 2.50%. These are within the level 2 of the fair value hierarchy. Financial Performance

Governance Structure and Practices

Financial Performance

Sustainable Development
Sustainable Development