Page 109 - 56-1 One Report 2022 EN

Part 1 Business Operation and Operating Performance

rate are as follows:

1. Changes in the global economic situation.
2. Changes in both Thai and foreign monetary and fiscal policies.

The Company has a hedging policy to manage such risk by controlling the net exposure of foreign-currency-
dominated transactions. That is, the risk is managed by balancing the revenue and expense structure to maintain
a currency balance to meet operational needs. In the event of an imbalance, the Company may use several hedging
approaches such as foreign exchange forward, foreign exchange option, cross-currency and interest rate swap,
and hedge accounting, including partial pre-repayment of foreign currency loans when the Company has sufficient
liquidity.

Financial Statements

Audit Report of Certified Public Accountant
The independent auditor, Sumate Jangsamsee – Certified Public Accountant Registration No. 9362 of KPMG
Phoomchai Audit Ltd., has audited the consolidated financial statements of Thaicom Public Company Limited and
its subsidiaries (the “Group”) and the separate financial statements of Thaicom Public Company Limited (the
“Company”), which comprise the consolidated and separate statements of financial position as at 31 December
2022, and the related consolidated and separate statements of profit or loss, profit or loss and other comprehensive
income, changes in shareholders’ equity and cash flows for the year then ended, and the notes to the financial
statements, including a summary of significant accounting policies.
In his opinion, the accompanying consolidated and separate financial statements present fairly, in all material
respects, the financial position of Thaicom Public Company Limited and its subsidiaries and of Thaicom Public
Company Limited as of 31 December 2022, and financial performance and cash flows for the year then ended in
accordance with Thai Financial Reporting Standards (“TFRSs”).

Part 1 Page 95