PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED AND SUBSIDIARIES FOR THE YEAR ENDED DECEMBER 31, 2021 NOTES TO THE FINANCIAL STATEMENTS - 24 - Unit : Million Baht Separate financial statements Trade receivables As at December 31, 2021 Not due Past due Total Less than 3 months Over 3 months but less than 6months Over 6 months but less than 12 months Over 12months Expected credit loss rate 0.00% 0.00% 0.00% 0.00% 100.00% Expected total gross carrying amount at default - Related parties 28,397 1 - - - 28,398 - Other parties 3,615 331 - - 19 3,965 Lifetime ECL - - - - (19) (19) Total trade receivables 32,012 332 - - - 32,344 Unit : Million Baht Separate financial statements Trade receivables As at December 31, 2020 Not due Past due Total Less than 3 months Over 3 months but less than 6months Over 6 months but less than 12 months Over 12months Expected credit loss rate 0.00% 0.00% 0.00% 0.00% 100.00% Expected total gross carrying amount at default - Related parties 17,793 1 - - - 17,794 - Other parties 4,789 9 - - 19 4,817 Lifetime ECL - - - - (19) (19) Total trade receivables 22,582 10 - - - 22,592 The normal credit term granted by the Group ranges from 7 days to 135 days (2020: 14 days to 90 days). The following table shows the movement in lifetime ECL that has been recognised for trade receivables in accordance with the simplified approach set out in TFRS 9. Unit : Million Baht Consolidated financial statements Separate financial statements Balance as at January 1, 2021 59 19 Business acquisition (see Note 4) 68 - Net remeasurement of loss allowance 21 - Amounts recovered (1) - Foreign exchange gains and translation differences 2 - Balance as at December 31, 2021 149 19 Unit : Million Baht Consolidated financial statements Separate financial statements Balance as at January 1, 2020 49 19 Net remeasurement of loss allowance 33 - Amounts recovered (25) - Foreign exchange gains and translation differences 2 - Balance as at December 31, 2020 59 19 256 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2021
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