PROJECT PLANNING SERVICE PUBLIC COMPANY LIMITED
Time In due During 1-90 Days During 91-190 Days During 181-365 Days Overdue 365 Days
Total Minus Allowance for bad debts Net Account Receivables
December 31, 2011 35.55 12.48 0.48 0.92 0.19 49.63 (0.20) 49.43
31 ธันวาคม 2555 33.48 21.38 0 0 1.09 55.96 (1.18) 54.79
• Retention
PPS group had retention of 6.33 Million Baht and 9.84 Million Baht as of December 31, 2010 and 2011 respectively. This retention was according to contract requirement condition, especially for high value and government projects such as Central project, Rapid Mass Transit System - Blue Line project. Project owner would deduct on average of 5% from PPS group invoice with one year warranty after project delivered. PPS group had retention of 12.64 Million Baht as of December 31, 2012. Most of the increase were attributed to Central Group projects such as Central Embassy Project, Central Surat Thani, Central Chieng Mai and Silom Complex.
• Plant, Property and Equipments (PPE)
PPS group had net PPE of 13.34 Million Baht and 10.90 Million Baht as of Decebmer 31, 2010 and 2011 respectively. PPE consisted of office land, office building, equipments, furnitures, office supplies and vehicles. PPS group had net PPE of 10.16 Million Baht as of December 31, 2012. The net value of PPE decreased from depreciation according to accounting standard from corporate executive car.
• Pledged Fixed Deposit
PPS group had pledged fixed deposit of 27.42 Million Baht and 27.78 Million Baht as of December 31, 2010 and 2011 respectively. An increase in pledged fixed deposit was required as a result of an increase in overdraft and letter of guarantee from bank, which were in line with an increase in number of projects and value of projects. PPS group had pledged fixed deposit of 29.97 Million Baht as of December 2012, an increase of 1.49 Million Baht or 5.35% compared to 2011.
Annual Report 2012
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