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 87 21 Expenses by nature Consolidated financial statements Separate financial statements 2023 2022 2023 2022 (in million Baht) Included in cost of sales of goods Changes in finished goods work in progress and goods in transit 11,086 (6,060) 6,396 (9,247) Raw materials used 437,368 558,638 367,352 434,681 Personnel expense 18,915 16,492 5,762 5,168 Depreciation of property, plant and equipment 19,907 19,795 14,211 11,440 Depreciation of right-of-use assets 1,373 1,127 814 693 Amortisation of intangible assets 470 545 409 396 Included in selling and distribution and administrative expenses Personnel expense 11,562 11,367 3,713 3,610 Depreciation of property, plant and equipment 1,180 939 496 451 Depreciation of right-of-use assets 1,362 819 924 649 Amortisation of intangible assets 3,542 3,502 260 249 Minimum lease payments recognised as a lease expense 368 425 118 113 During 2023, the Group has contributed provident funds for its employees amounting to Baht 1,097 million and Baht 590 million, respectively (2022: Baht 1,076 million and Baht 561 million, respectively), which is included in employee benefit expenses. 22 Income tax Income tax recognised in profit or loss Consolidated financial statements Separate financial statements 2023 2022 2023 2022 (in million Baht) Current tax expense Current year 1,860 2,185 - - Under (over) provided in prior years (67) 249 - 185 1,793 2,434 - 185 Deferred tax expense Movements in temporary differences (441) (4,707) 1,974 (3,282) Total 1,352 (2,273) 1,974 (3,097) 331 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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