Page 282 - PWA_2023_Annual_Report

280 การประปาส่วนภูมิภาค รายงานประจำาปี 2566

5.36 Transactions Related to Top Management (Cont.)
Remuneration for top management (Cont.)
Unit : Million Baht

Financial statement-equity
method applied/
Separate financial statements

2023 2022

Salary 17.01 15.47

Bonus 1.13 1.10
Extra remuneration - -
Other benefits 5.71 2.64
Retirement benefits 17.03 16.90
Total 40.88 36.11

6. Disclosure of Financial Instrument Data
6.1 Credit risk
Credit risk refers to the risk that the debtor does not comply with the terms of the contract,
which may cause damage to PWA. There may include a risk that the counterparty or borrower cannot
comply with contract terms and conditions, resulting that PWA does not to receive payment under the
contract in full.
In the case of the recognition of financial assets presented in the statement of financial position,
the book value of the assets recorded in the statement of financial position is considered the maximum
value of the risk arising from non-compliance with the contract.
6.2 Interest Rate Risk
Interest rate risk is define as the risk resulting from future changes in market interest rates that
affect the operations and cash flows of PWA. The impacts of changes in interest rates, especially
long-term loans with floating interest rates, are as disclosed in the accompanying notes to the financial
statement No. 5.19.
6.3 Fair Value of Financial Instruments
The following methods and assumptions are used to estimate the fair value of financial
instruments of PWA.
Cash and cash equivalents, other current financial assets, cash at bank with limitations,
trade and other current receivables, other current assets, other non-current assets, trade and other
current payables, accrued expenses, accrued remittance to the Ministry of Finance accrued bonus of
directors and employees, other current liabilities and long-term guarantee deposits have accounting values
as reasonable estimation of fair value, except for the following transactions: