Page 311 - BAM ONE REPORT 2565 (ENGLISH VERSION)

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Form 56-1 One Report 2022
34.3 Major customers

For the years ended 31 December 2022 and 2021, the Company has no income from major
customer with revenue of 10 percent or more of an entity’s revenues.

35. Commitment and contingent liabilities

35.1 Operating leases commitments

The Company has entered into operating lease agreements in relation to building space and

office equipment. As of 31 December 2022, the Company has future minimum payment
required under the non-cancellable operating lease contracts which the lease period is within
one year, and those which the underlying asset is low value, totaling Baht 3 million

(2021: Baht 3 million).

35.2 Guarantee

As at 31 December 2022, the Company has an outstanding letter of guarantee of Baht
4 million issued by the bank on behalf of the Company in order to guarantee electricity usage

(2021: Baht 4 million).

35.3 Contingent liabilities

As at 31 December 2022, the Company have contingent liabilities totaling Baht 515 million in
respect of litigation (2021: Baht 392 million). The lawsuits are civil suits involving claims for

damages arising in the normal course of business. The management believes that when these
cases are finalised, there will be no material impact on its financial position and operating

result.

36. Assets with obligations and restrictions

As at 31 December 2022, the Company has properties for sale which are subject to purchase
or sell agreements with customers totaling Baht 97 million (2021: Baht 88 million).

37. Risk Management

The Company’s risk management activities cover the significant risks, which are classified

into three categories, namely strategic risk, operational risk and financial risk, so that the
Company can establish approaches or tools for efficient risk management, as follows:

37.1 Strategic Risk

Strategic risk is the risk that unsuitable strategic plans or strategies inconsistent with internal

and external circumstances may adversely affect the achievement of organisational goals in
accordance with strategic/operational plans set by the Company and also impact its revenue,
financial position, competitiveness and business sustainability.

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