PTT Global Chemical Public Company Limited and its Subsidiaries For the year ended 31 December 2023 PTT Global Chemical Public Company Limited and its Subsidiaries Notes to the financial statements For the year ended 31 December 2023 41 8 Inventories Consolidated financial statements Separate financial statements 2023 2022 2023 2022 (in million Baht) Finished goods 29,230 39,869 14,877 21,869 Work in progress 2,849 3,739 2,420 2,312 Raw materials 16,909 18,360 11,375 10,306 Factory supplies and spare parts 15,331 14,765 12,636 11,098 Goods in transit 4,953 3,082 3,281 1,392 Total 69,272 79,815 44,589 46,977 Less Allowance for decline in value (554) (2,105) (482) (1,752) Allowance for obsolescence (201) (1,091) (58) (920) Net 68,517 76,619 44,049 44,305 Inventories recognised as an expense in cost of sales of goods - Cost of sales 581,684 623,764 474,920 477,573 - Write-down to net realisable value (1,552) 1,860 (1,286) 1,521 Net 580,132 625,624 473,634 479,094 As at 31 December 2023 and 2022, the Company’s inventories included petroleum legal reserve of 363 million liters with approximated value of Baht 7,055 million and 332 million liters with approximated value of Baht 7,170 million, respectively. 285 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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