SCI Annual Report 2015

Table 6 : Trade and other receivable Unit : Million Baht
Consolidation
Trade and other receivable As 31/12/2015 As 31/12/2014 Increased (Decreased)
Amount % Amount % Amount %
Trade receivable 757.04 97.42 698.45 94.27 58.59 8.39
Trade receivable - related
companies 15.03 1.93 3.61 0.49 11.43 316.77
Total Trade receivable 772.07 99.36 702.06 94.76 70.02 9.97
Less Allowance for doubtful
accounts
(10.95) (1.41) (8.62) (1.16) 2.33 27.00
Trade receivable, net 761.12 97.95 693.44 93.59 67.69 9.76
Other receivable 15.93 2.05 47.48 6.41 (31.54) (66.44)
Trade and other receivable 777.06 100.00 740.91 100.00 36.15 4.88
Trade receivables were from revenue from sale and service and can divide as follows to the duration of debt consist as table
7 below.
Table 7 : Duration of debt Unit : Million Baht
Consolidation
Trade and other receivable As 31/12/2015 As 31/12/2014 Increased (Decreased)
Amount % Amount % Amount %
Within credit terms 264.16 34.21 191.75 27.31 72.41 37.76
Overdue :
Less than 3 months 310.17 40.17 436.67 62.20 (126.50) (28.97)
3 - 6 months 184.59 23.91 30.19 4.30 154.40 511.45
6 - 12 months 1.81 0.23 36.42 5.19 (34.61) (95.03)
Over 12 months 11.35 1.47 7.03 1.00 4.32 61.43
Total trade accounts receivable 772.07 100.00 702.06 100.00 70.02 9.97
Less allowance for doubtful accounts (10.95) (1.42) (8.62) (1.23) 2.33 27.00
Trade accounts receivable - net 761.12 98.58 693.44 98.77 67.69 9.76
Trade receivable increased Baht 70.02 million or increased 9.97% compare to the year 2014 as increased in revenue.
The mainly receivable were .the balance less than 3 month, represented as 74.38% of trade receivable.
The major customer was EDL, represented 31.72% of total trade receivable. The EDL’s receivable came from service
revenue of PDSR project which issued invoice during the year end of the year 2015. Because of many reimbursement processes
of Lao’s government and bank settlement, it resulted to pending many EDL’s balance as the year end. Additional,
the other customer from a subsidiary, represented 39.07% of total trade receivable, came from sale of steel structure of high
voltage electric tower which delivered during the year end. Normally the credit term of that customer was 90 days but the
customer was subcontractor from EGAT which it was spend time to reimburse. It was resulted to the delay of payment from the
customer.
For the receivable more than 12 months of Baht 11.35 million, represented 1.47% of total trade receivable, the management
of the Company determined that an allowance for doubtful account of that balance was required due to the liquidity problem.
For Trade Credit Policies, usually the Company will give 30-90 days on credits as the present; the Company tries to improve
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Annual Report 2015