Page 119 - PEA_AnnualReport_2016
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5.16 Long term loans are as follows :
(Unit : Million Baht)
Consolidated and separate financial statements
Type of loans Repayment Currency Fixed interest rate Dec. 31, Dec. 31,
terms per contract (%) 2016 2015
Domestic loans
- Ministry of Finance 1988 – 2013 Canadian Dollar Interest free 233.79 246.69
2013 – 2016 Baht 2.9050 - 2,625.00
- Bonds 2005 – 2040 Baht 2.40 – 6.84 77,250.00 80,662.00
Total domestic loans 77,483.79 83,533.69
Foreign loans
- Financial institutions 2000 – 2020 Euro 2.00 330.11 437.59
2007 – 2023 Euro 8.00 261.09 311.32
Total foreign loans 591.20 748.91
Total long-term loans 78,074.99 84,282.60
Less Current portion 5,234.60 7,911.66
Total 72,840.39 76,370.94
Borrowing interest rate equals to reference interest rate (average minimum six-month fxed deposit
rate for individual person during seven days of Bangkok Bank Public Company Limited, Krung Thai Bank Public
Company Limited, Kasikorn Bank Public Company Limited and Siam Commercial Bank Public Company Limited)
plus 1.68 per annum.
Borrowing interest rate of 8 per annum under the loan contract which includes interest expense that
Provincial Electricity Authority paid to KFW fund at the rate of 6 per annum, and that are recorded as interest
expense at the rate of 2 per annum.
Provincial Electricity Authority has obtained loans to construct buildings, electricity generating and
distributing systems. The borrowing costs that directly attributable to the construction of qualifying assets and
incurred from loans made for specifc purposes are capitalized as costs of assets at interest rates of 2.40 - 6.84
per annum.
Interest expenses on loans for the years ended December 31, 2016 and 2015, amounting to Baht 3,440.64
million and Baht 3,597.41 million, respectively, are capitalized as cost of construction in progress amounting to
Baht 447.37 million and Baht 404.39 million and are recognized as expenses in the statements of comprehensive
income for Baht 2,993.27 million and Baht 3,193.02 million, respectively.
SMART PEA 119
Annual Report 2016 Provincial Electricity Authority
