Page 237 - PWA_2023_Annual_Report

Provincial Waterworks Authority Annual Report 2023 235

Provincial Waterworks Authority
Statement of Cash Flow

For the year ended 30 September 2023

Unit : Baht

Financial Statement-equity method applied

2023 2022

Cash flow from operating activities
Profit for the year 5,278,709,704 1,362,745,672
Adjustments to reconcile net earnings to net cash provided
by (paid) from operating activities:-
Depreciation of property, plant and equipment 5,912,122,580 6,088,652,280
Depreciation of right-of-use assets 673,165,493 664,163,473
Reversing allowances for impairment of property,
plant and equipment 93,962,663 124,796,611
Reversing allowances for impairment of right-of use assets 788,443 -
Reversing allowance for impairment of right of possession
over royal property (1) 3
Reversing allowances for impairment of intangible assets 66,076 17
Reversing allowances for adjustment of asset balance value - (19,998,502)
Right of possession over royal property 700 41,384
Amortization of intangible assets 62,085,412 66,477,642
Adjustment of assets under construction as expenses 419,339 -
Loss on disposal and amortization of fixed assets 198,607,136 322,830,996
Loss (gain) from change in lease agreement (28,425,641) 1,067,509
Reversing allowances for revaluation and obsolete supplies 8,562 (13,669)
Employee benefit expenses 218,543,238 214,913,079
Bad debts 4,034,720 1,155,484
Expected credit loss (32,482,711) (42,674,226)
Revenue from water distribution area extension (1,229,684,554) (1,058,085,842)
Revenue recognition from government subsidies (1,092,881,213) (1,098,823,674)
Revenue recognition from donation - private sectors (1,802,732) (1,166,798)
Miscelleneous income (15,500) -
Dividend income (12,431,516) (12,262,684)
Loss (gain) on missing fixed assets pending for investigation (837,208) 3,122,353
Loss (gain) on missing materials pending for investigation (116,194) (69,565)
Adjustment of water use guarantee valuation (390,423) (240,891)
Material expenses used for installation (2,342) -
Supply distribution cost (40) -
Other material cost 63,549 5,475
Expenses on short-term leases - (579)
Bonus for board of directors and employees 458,676,293 294,561,940
Provision on litigation (6,142,741) (3,378,012)

The accompanying notes are an integral part of these financial statements.