164
Annual Report
2013
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
Notes to the financial statements
43
Consolidated
financial statements
Separate
financial statements
2013
2012
2013
2012
(in thousand Baht)
Available-for-sale securities
At 1 January
2,729,221 2,031,224
-
-
Purchases during the year
-
654,838
-
-
Sales during the year
-
(598,391)
-
-
Valuation adjustment
268,675
641,550
-
-
At 31 December
2,997,896 2,729,221
-
-
Gain on sale of long-term investment
In the second quarter of 2012, RATCH-Australia Corporation Limited (“RAC”), an indirect
subsidiary, had sold 14.03% of the investment in Great Energy Alliance Corporation Pty Limited
(“GEAC”) which carried book value in the amount of Australian Dollars 18.58 million as well as the
transfers of long-term loan and its accrued interest of GEAC in the amount of Australian Dollars
54.52 million (equivalent to Baht 1,751.71 million) to AGL Energy Limited. RAC will receive the
return of Australian Dollars 120 million comprising Australian Dollars 20 million cash (equivalent to
Baht 643.25 million) and 15-year tenure Scheduled Payment Option Agreement. The Group has
written off the goodwill of Baht 660.15 million and recognized net gain on disposal of long-term
investment in the statement of comprehensive income for the year ended period 31 December 2012 of
Baht 783.68 million.
During the second quarter of 2013, RAC had sold the long-term receivable and Scheduled Payment
Deed Interest which had a net book value for the amount of Australian Dollars 98.75 million for a sale
price of Australian Dollars 120.96 million or equivalent to Baht 3,518.06 million. RAC recognized the
gain on sale of such long-term receivable in the statement of comprehensive income for the year ended
31 December 2013 of Australian Dollars 22.21 million or equivalent to Baht 645.83 million.
8 Trade accounts receivable
Consolidated
financial statements
Separate
financial statements
2013
2012
2013
2012
(in thousand Baht)
Related parties (Note 5)
8,336,745 3,822,871
-
-
Other parties
164,008
390,058
-
-
Total
8,500,753
4,212,929
-
-
Less
allowance for doubtful accounts
-
-
-
-
Net
8,500,753 4,212,929
-
-
Bad and doubtful debts expense for the year
-
-
-
-
otes to the financial statements
Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries
