2.8 Gain (Loss) on Foreign Exchange from Borrowing In 2021, the Company recorded a loss on foreign exchange from U.S. Dollar-Borrowings of Baht 474 million as Thai Baht was weaker from 30.21 Baht per USD at the end of 2020 to 33.59 Baht per USD at the end of 2021. The loss was up by Baht 472 million from that last year. In any case, the Company had long-term liabilities in USD amounting to USD 140 million at the end of 2021. 2.9 Unrealized Gain (Loss) on Oil Hedging In 2021, the Company recorded the unrealized gain on oil hedging of Baht 313 million while there was the unrealized loss on oil hedging amounting to Baht 961 million in 2020. 2.10 Gain (Loss) on Impairment and Disposal of Fixed Assets In 2021, the Company recorded the loss on impairment and disposal of fixed assets of Baht 46 million declining by Baht 489 million from that in the prior year as the Company recorded an impairment from the postponement of Maximum Aromatics (MARS) project amounting to Baht 456 million and the write-off of intangible assets - dredging in 2020. 2.11 Gain (Loss) on Investments In 2021, there was the gain on investments of Baht 719 million increasing by Baht 380 million from that in the previous year. This was mainly from increasing profit sharing from investments in associates and joint ventures. 2.12 Corporate Income Tax In 2021, the Company recorded the corporate income tax of Baht 2,351 million while recorded the corporate income tax benefit of Baht 1,554 million last year, owing to the significantly improved performance. Financial Positions as of December 31, 2021 (Unit: Million Baht) 61,932 5,169 75,666 130,120 12,576 21,169 9,626 28,671 8,287 61,079 4,743 87,712 123,292 19,649 33,766 13,785 23,983 6,741 10% 190,492 As of Dec 31, 2021 173,491 As of Dec 31, 2020 Account payables Account receivables Inventory Other current assets Non-current assets Other current liabilities Other non-current liabilities Shareholders’ Equity L/T Borrowing (incl. due within 1 yr) 177 Management Discussion and Analysis (MD&A) IRPC PUBLIC COMPANY LIMITED
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