3. °“√ª√—∫‡ª≈’ˬπ„π‡√◊ËÕß°“√§â“√–À«à“ߪ√–‡∑»‚¥¬‡©æ“–„π‡√◊ËÕß FTA (Free Trade Area) √–À«à“ߧŸà§â“µà“ߪ√–‡∑»·≈–§Ÿà§â“°—∫ ‰∑¬‚¥¬‡©æ“– ‘π§â“‡§√◊ËÕß„™â ‰øøÑ“ ´÷Ëß®–¡’º≈°√–∑∫∑—Èß„π¥â“π ∫«°·≈–¥â“π≈∫ ‚¥¬„π¥â“π∫«° ‘π§â“ àßÕÕ°‰ª¬—ߪ√–‡∑»§Ÿà§â“ “¡“√∂‡æ‘Ë¡»—°¬¿“æ°“√·¢àߢ—π‰¥â ‚¥¬°“√≈¥¿“…’π”‡¢â“ àߺ≈„Àâ √“§“≈¥≈ßµ“¡∑‘ » ∑“ß°“√≈¥≈ߢÕß¿“…’ ∫ √‘ …— ∑ œ‰¥â „ ™â ‘ ∑ ∏‘ ª√–‚¬™π宓° FTA ∑”„Àâ “¡“√∂ àßÕÕ°‰¥â¡“°¢÷Èπ „π∑“ß°≈—∫ °—π°Á®– àߺ≈≈∫‚¥¬ ‘π§â“∑’πË ”‡¢â“®“°ª√–‡∑»§Ÿ§à “â ¡’µπâ ∑ÿπ°“√π”‡¢â“ ≈¥≈ß ¥—ßπ—πÈ ®÷ßµâÕß∑”°“√»÷°…“·≈–µ‘¥µ“¡π‚¬∫“¬·≈– ∂“π°“√≥å „π‡√◊ËÕßπ’ÈÕ¬à“ß„°≈♑¥µàÕ‰ª
3. Changes in international trading especially in the case of FTA (Free Trade Area) between foreign trader and Thai trader; especially electrical appliances which affect both positively and negatively. Positively, the export products to trading country, which can increase the capacity in competition by decreasing the tax on imported products. These lead to decrease in the price according to the decrease in tax of the company. The company has benefited from FTA to be able to export more. In reverse, it will also be negative issues; the product imported from the trading country has lower cost price. Therefore, there will be further study and follow the policies and situation closely in this case.
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Financial Risk
§«“¡‡ ’ˬ߮“° ‘π‡™◊ËÕ §«“¡‡ ’ˬß∑“ߥâ“π ‘π‡™◊ËÕ §◊Õ §«“¡‡ ’ˬß∑’Ë≈Ÿ°§â“‰¡à “¡“√∂™”√–Àπ’È µ“¡‡ß◊ËÕπ‰¢∑’˵°≈ß°—π‰«â ·≈–§«“¡‡ ’ˬ߮“°°“√∑’˧Ÿà —≠≠“‰¡à “¡“√∂ªØ‘∫—µ‘ µ“¡‡ß◊ËÕπ‰¢„π —≠≠“·≈–‡ß‘π„Àâ°Ÿâ¬◊¡Õ“®∑”„À⇰‘¥§«“¡ Ÿ≠‡ ’¬∑“ß°“√‡ß‘π‰¥â ∑—Èßπ’È∫√‘…—∑œ‰¥â°”Àπ¥π‚¬∫“¬„π°“√ªÑÕß°—𧫓¡‡ ’ˬߥ—ß°≈à“« ‚¥¬°“√ «‘‡§√“–Àå∞“π–∑“ß°“√‡ß‘π¢Õß≈Ÿ°§â“·≈–§Ÿà —≠≠“‚¥¬°”Àπ¥√–‡∫’¬∫°“√ æ‘®“√≥“·≈–√–¬–‡«≈“„π°“√„Àâ ‘π‡™◊ËÕ (Credit Term) ‘π‡™◊ËÕ¢Õß∫√‘…—∑œ À¡“¬∂÷ß °“√„À⇧√¥‘µ°—∫≈Ÿ°§â“®“°°“√¢“¬ ‘π§â“ ´÷Ë߇ªìπ∏√√¡‡π’¬¡°“√ªØ‘∫—µ‘∑“ß°“√§â“‚¥¬∑—Ë«‰ª ·≈–°“√„Àâ°Ÿâ¬◊¡·°àæπ—°ß“π „π≈—°…≥–∑’ˇªìπ «— ¥‘°“√¢Õß∫√‘…—∑œ
Credit Risk Credit risk is the arising from failure of customer or counter parties to meet the contractual obligations. The credit risk occurs when the party fails to fulfill the contractual agreement, which may eventually cause financial losses. Then, the company has determined a risk management policy through analysis of the customer and counter partyûs financial status, and through definition of the rules for credit approval and debt collection period. Credit of the company is the credit for trade provided to the customers that is the generally customary trading practices and loans to employee.
§«“¡‡ ’ˬ߮“°Õ—µ√“·≈°‡ª≈’ˬπ‡ß‘πµ√“µà“ߪ√–‡∑» §«“¡‡ ’¬Ë ß®“°Õ—µ√“·≈°‡ª≈’¬Ë π‡ß‘πµ√“µà“ߪ√–‡∑»‡°‘¥®“°°“√¢“¬ ‘π§â“ °“√™”√–§à“ ‘π§â“ «—µ∂ÿ¥‘∫ ‡§√◊ËÕß®—°√ Õÿª°√≥å ∫√‘…—∑œ ªÑÕß°—𧫓¡‡ ’Ë¬ß ®“°Õ—µ√“·≈°‡ª≈’ˬπ‡ß‘πµ√“µà“ߪ√–‡∑»‚¥¬°“√∑” —≠≠“´◊ÈÕ¢“¬‡ß‘πµ√“ µà“ߪ√–‡∑»≈à«ßÀπⓇæ◊ËÕªÑÕß°—𧫓¡‡ ’ˬ߮“°Õ—µ√“·≈°‡ª≈’ˬπ
The Foreign Exchange Risk The foreign exchange risk happens from sales earnings, cost of raw materials and parts. The company has a policy in hedging against foreign exchange risk by foreign exchange loan or means of forward contracts for preventing foreign exchange risks.
§«“¡‡ ’ˬß∑“ߥâ“πÕ—µ√“¥Õ°‡∫’Ȭ §«“¡‡ ’ˬß∑“ߥâ“πÕ—µ√“¥Õ°‡∫’Ȭ‡°‘¥¢÷Èπ®“°°“√‡ª≈’ˬπ·ª≈ߢÕßÕ—µ√“ ¥Õ°‡∫’Ȭ„πµ≈“¥ Õ—π®–¡’º≈°√–∑∫µàÕ√“¬‰¥â¥Õ°‡∫’Ȭ·≈–§à“„™â®à“¬¥Õ°‡∫’Ȭ„π ß«¥ªí®®ÿ∫—π·≈–„πÕ𓧵¢Õß∫√‘…—∑œ
The Interest Rate Risk Interest rate risk occurs when the value of financial instruments changes in accordance with fluctuation of market interest rates, which may affect interest income and interest expense of the present and future year.
KANG YONG ELECTRIC PUBLIC COMPANY LIMITED l ANNUAL REPORT 2004 l 7