Page 475 - CRC_One Report 2021_EN

Business Overview and Performance Corporate Governance Financial Statements Enclosure

Central Retail Corporation Public Company Limited and its Subsidiaries
Notes to the financial statements
For the year ended 31 December 2021

Cash flow sensitivity analysis for variable-rate instruments
A reasonable possible change of 1% in interest rates at the reporting date; this analysis assumes
that all other variables, in particular foreign currency exchange rates, remain constant.

Consolidated financial Separate financial
statements statements
1% 1% 1% 1%
increase in decrease in increase in decrease in
Impact to profit or loss interest rate interest rate interest rate interest rate
(in million Baht)
2021
Financial instruments with
variable interest rate 196 (196) 173 (173)

2020
Financial instruments with
variable interest rate 330 (330) 289 (289)

35 Capital management

The Board of Directors’ policy is to maintain a strong capital base so as to maintain investor, creditor
and market confidence and to sustain future development of the business. The Board regularly monitors
the return on capital, by evaluating result from operating activities divided by total shareholders’ equity,
excluding non-controlling interests and also monitors the level of dividends to ordinary shareholders.

36 Commitments with non-related parties

Consolidated
financial statements
2021 2020
(in million Baht)
Capital commitments
Buildings and other constructions 1,217 1,329
System development 54 11
Furniture, fixtures and office equipment 85 13
Total 1,356 1,353

Future minimum lease payments under
non-cancellable operating leases
Within 1 year 23 57
1 - 5 years 5 16
Total 28 73

Other commitments
Unused letters of credit for goods and supplies 5,620 1,941
Bank guarantees 2,241 1,572
Service agreements 37 -
Total 7,898 3,513

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