159
PTT Public Company Limited   Financial Report
The following are the maturity periods of contracts: Unit : Million Baht
Consolidated financial statements 2011
2010
2011
2010
2,439.69
2,833.26
2,387.39
2,272.22
Over 1 year but not over 5 years
14,143.48
16,045.43
12,936.97
13,633.34
Over 5 years
10,128.02
10,365.19
4,000.00
5,000.00
Total
26,711.19
29,243.88
19,324.36
20,905.56
Due within 1 year
40.5
Separate financial statements
Fluctuations in Oil Market Price Risk
As at December 31, 2011, the outstanding forward oil price contracts of the Group have a maturity period within December 2012. The volume of oil according to such contracts is 117.13 million barrels in both the consolidated financial statements and the separate financial statements (December 31, 2011: 5.97 million barrels in the consolidated financial statements and the separate financial statements). 40.6
Credit Risk
Credit risk arises when customers do not comply with the terms and conditions of credit agreements, causing financial losses to the Company. However, the Company has managed risk by adjusting its credit policies according to the current economic situation, focusing on developing financial instruments by cooperating with financial institutions to support credit facilities provided to customers, such as the Dealer Financing project and trade credit insurance. The Company also reduces credit risk by determining procedures for risk prevention and mitigation, including credit rating for all trading partners of the Company.