Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10, 2020 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Cash and cash equivalents 57,147 27,210 49,089 19,195 Trade and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment in subsidiaries 12 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - Intangible assets 16 4,260 4,653 4,148 4,528 Deferred tax assets 17 16,983 14,645 15,261 12,923 Other non-current assets 8,958 9,387 8,888 9,267 Total non-current assets 358,606 328,854 433,947 397,754 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10November 12, 2020 2021 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June September As at December As at June September As at December Notes 30, 2020 2021 31, 2019 2020 30, 2020 2021 31, 2019 2020 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 5 185,916 89,785 39,252 2,248 Trade and other current receivables 4, 6 347,806 283,298 290,817 138,010 Unbilled receivables 7, 22 1,788,810 1,117,635 562,143 314,182 Accounts receivable - retention under construction contracts 4, 7 8,647 7,108 6,039 6,216 327,521 271,170 118,865 125,197 Advances paid to subcontractors under construction contracts 4 391,294 498,303 43,054 175,760 Construction in progress 22 167,369 329,386 75,917 182,858 Inventories 8 158,111 172,056 158,049 171,983 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 19,294 1,676 1,608 1,608 Short-term loans to related parties 4 18,250 - 850 50 Withholding tax deducted at source 59,264 173,259 33,349 123,410 Other current assets 2,054 3,310 2,116 3,330 43,484 44,558 16,130 14,326 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 3,349,008 2,809,070 1,181,985 1,077,649 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment at banks 9 3,071 32,198 222 29,350 Long-term loans to related parties 4 - - - - Investments in subsidiaries 12 10 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 476,248 476,198 Investments in associates 11 - - - - Investments in joint ventures 12 129,453 123,584 109,375 102,376 Property, plant and equipment 14 93,666 94,147 84,047 85,650 13 614,336 618,357 587,221 578,351 Right-of-use assets 15 12,367 - 12,367 - 14 20,861 29,622 14,935 14,485 Intangible assets 16 4,260 4,653 4,148 4,528 11,669 13,273 11,488 13,067 Deferred tax assets 17 16,983 14,645 15,261 12,923 35,468 49,703 19,543 15,144 Other non-current assets 8,958 9,387 8,888 9,267 4,738 3,430 1,585 1,681 Total non-current assets 358,606 328,854 433,947 397,754 819,596 870,167 1,220,617 1,230,652 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,168,604 3,679,237 2,402,602 2,308,301 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note STATEMENT OF FINANCIAL POSITION (CONT.) AS AT SEPTEMBER 30, 2020 31, 2019 30, 2020 31, 2019 2021 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675loans
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10May 13, 2020 2024 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note Financial Statements As at June March As at December As at June March As at December 30, 2020 Notes 31, 2019 30, 2020 2024 31, 2019 2023 31, 2024 31, 2023 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 6 98,082 144,927 27,972 68,431 Trade and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 159,785 200,846 1,203,455 1,181,174 Unbilled revenue from construction service 8 158,111 172,056 158,049 171,983 Property - 3,766 - - Real estate projects under development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 6,436,782 6,451,652 4,056,198 4,072,556 Deposits for land 10 - - - - Short-term loans to related parties 5 - - 1,034,476 1,066,260 Current tax assets 7,001 38,439 1,897 12,070 Other current financial assets 87 87 87 87 Other current assets 2,977 2,977 - - Total current assets 6,704,714 6,842,694 6,324,085 6,400,578 NON-CURRENT ASSETS Deposits at banks used as collateral 15.8 490,379 919,650 478,226 919,650 Investments in subsidiaries 11 - - 2,913,995 2,913,995 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 1,648,349 1,650,579 923,926 926,196 Investment in subsidiaries 12 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 properties 554,904 554,904 516,104 516,104 Property, plant and equipment 14 93,666 94,147 84,047 85,650 12 492,959 496,215 491,208 494,427 Right-of-use assets 15 12,367 13 279,028 282,719 7,532 8,238 Leasehold rights 14 2,745,838 2,695,846 - 12,367 - Intangible assets 16 4,260 4,653 4,148 4,528 3,411 3,708 2,986 3,268 Deferred tax assets 17 16,983 14,645 15,261 12,923 79,365 83,183 26,584 27,369 Retention receivables from construction 65,663 76,254 - - Other non-current assets 8,958 9,387 8,888 9,267 122,078 83,630 49,570 37,492 Total non-current assets 358,606 328,854 433,947 397,754 6,481,974 6,846,688 5,410,131 5,846,739 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 13,186,688 13,689,382 11,734,216 12,247,317 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675Separate
Appears in 1 contract
Sources: Review Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10, 2020 2018 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June As at December As at June As at December 30, 2020 2018 31, 2019 2017 30, 2020 2018 31, 2019 2017 Cash and cash equivalents 57,147 27,210 49,089 19,195 24,299 21,952 23,164 19,753 Short-term investments 703 702 703 702 Trade and other current receivables 7 8,647 7,108 6,039 6,216 accounts receivable 43 64 - - Short-term loan to related parties 4 - - - 55,000 Inventories 8 158,111 172,056 158,049 171,983 5 381,364 486,362 381,364 486,362 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 6 1,894,681 2,089,624 1,894,681 2,089,624 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 7 1,910,585 1,793,635 1,837,177 1,720,227 Other current assets 2,054 3,310 2,116 3,330 4 9,132 9,069 16,486 15,227 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 4,220,807 4,401,408 4,153,575 4,386,895 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Deposit pledged as collateral 8 9,185 9,157 9,185 9,157 Investment in subsidiaries 12 9 - - 86,864 79,364 11,864 11,864 Investment property 13 206,549 192,201 206,549 192,201 10 199,073 204,100 199,073 204,100 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - 11 111,548 117,765 111,538 117,733 Intangible assets 16 4,260 4,653 4,148 4,528 12 5,242 5,752 5,242 5,752 Witholding tax 10,822 17,989 10,671 17,754 Deferred tax assets 17 16,983 14,645 15,261 12,923 asstes 21 4,525 4,936 2,803 3,214 Other non-current assets 8,958 9,387 8,888 9,267 4,050 4,114 4,050 4,114 Total non-current assets 358,606 328,854 433,947 397,754 344,445 363,813 354,426 373,688 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,565,252 4,765,221 4,508,001 4,760,583 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 2018 31, 2019 2017 30, 2020 2018 31, 2019 2017 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 13 463,366 404,185 463,366 404,185 Trade notes payable 37,886 48,970 37,866 48,970 Trade accounts payable and other current payables payable 84,212 85,714 84,212 85,714 Payable to related parties 4 34,458 42,641 36,396 44,285 Accrued expenses 4 46,028 38,228 44,838 37,112 Current portion of liabilities under the finance lease agreement Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 14 418 821 418 821 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - 15 271,500 146,111 271,500 146,111 Short-term loan from other company 16 128,140 162,125 128,140 162,125 Short-term loan from related parties 6 219,000 219,000 219,000 219,000 4 221,900 276,000 221,900 276,000 Short-term loan from the director 6 2,500 2,500 - - 4 70,000 16,900 15,900 16,900 Advance received from customers 4,409 5,856 4,409 5,856 Retention from contractors 84,682 81,796 84,423 81,537 Other current liabilities 2,208 521 2,099 443 Total current liabilities 838,493 1,053,554 834,933 1,047,095 1,449,207 1,309,868 1,395,467 1,310,059 NON-CURRENT LIABILITIES Liabilities under the finance lease agreement 14 - 14 - 14 Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee 15 510,718 879,590 510,718 879,590 Employee benefit obligations 22 61,434 64,930 59,632 63,222 17 40,129 38,009 38,940 36,904 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision Liabilities from purchasing the real 18 17,354 16,255 17,354 16,255 estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 19 32,147 32,147 28,604 28,604 Total non-current liabilities 452,695 477,191 447,584 471,940 600,348 966,015 595,616 961,367 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 2,049,555 2,275,883 1,991,083 2,271,426 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 2018 31, 2019 2017 30, 2020 2018 31, 2019 2017 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 69,150 69,150 69,150 69,150 Unappropriated 737,765 669,306 742,642 671,780 623,733 597,374 624,954 597,193 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 2,515,697 2,489,338 2,516,918 2,489,157 Non-controlling interests 5,181 4,474 - - - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 2,515,697 2,489,338 2,516,918 2,489,157 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 4,565,252 4,765,221 4,508,001 4,760,583 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 397,626 349,940 397,626 349,940 Rental income and service 2,884 5,296 1,528 4,099 5,569 5,447 4,219 4,469 Other income 6 2,303 1,497 2,047 1,515 4 2,562 3,001 3,271 3,680 Total Revenues 525,323 219,934 523,711 218,755 405,757 358,388 405,116 358,089 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 4 255,437 239,104 255,437 239,104 Cost for rent and service 6,413 5,151 3,975 5,162 5,631 4,270 Distribution costs 50,701 20,904 50,701 20,904 4,126 Selling expenses 50,144 44,180 50,144 44,180 Administrative expenses 6 54,413 42,894 53,404 43,077 4 38,721 42,205 38,736 42,456 Management benefit expenses 4 8,496 7,916 8,496 7,916 Finance costs 4 21,952 15,224 21,860 15,215 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 379,912 354,260 378,943 352,997 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) 25,845 4,128 26,173 5,092 Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) 6,214 2,860 6,214 2,860 Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) 19,631 1,268 19,959 2,232 Other comprehensive income Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) 19,631 1,268 19,959 2,232 Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 19,631 1,268 19,959 2,232 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 19,631 1,268 19,959 2,232 Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 19,631 1,268 19,959 2,232 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 19,631 1,268 19,959 2,232 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 20 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) 0.016 0.001 0.016 0.001 Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 793,570 704,448 793,570 704,448 Rental income and service 5,295 10,755 3,684 8,268 10,960 10,144 8,371 8,275 Other income 6 4,202 2,947 3,933 2,977 4 4,004 4,855 5,501 6,357 Total Revenues 858,613 628,402 856,733 625,945 808,534 719,447 807,442 719,080 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 4 516,751 473,936 516,751 473,936 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 10,528 10,886 8,563 8,504 Selling expenses 108,949 88,198 108,949 88,198 Administrative expenses 6 100,626 89,985 98,887 90,113 4 78,216 87,551 77,786 87,344 Management benefit expenses 4 17,061 15,899 17,061 15,899 Finance costs 4 41,904 31,821 41,805 31,803 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 773,409 708,291 770,915 705,684 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 35,125 11,156 36,527 13,396 Tax expenses (income) 25 14,490 3,521 14,444 3,445 8,766 4,573 8,766 4,573 Profit (loss) for the period 66,666 23,240 70,862 22,668 26,359 6,583 27,761 8,823 Other comprehensive income Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income 66,666 23,240 70,862 22,668 for the period 26,359 6,583 27,761 8,823 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 26,359 6,583 27,761 8,823 Non-controlling interests (1,793) - - - - 26,359 6,583 27,761 8,823 Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 26,359 6,583 27,761 8,823 Non-controlling interests (1,793) - - - - 26,359 6,583 27,761 8,823 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 20 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated components paid-up legal reserve component of equity s Beginning balance as at January 1, 2020 2018 1,245,284 577,530 75,360 669,306 69,150 597,374 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary 2,489,338 - 2,489,338 Comprehensive income Profit for the period - - - 26,359 - 26,359 - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 26,359 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 26,359 - 68,459 (1,793) 66,666 26,359 - 26,359 Ending balance as at June 30, 2020 2018 1,245,284 577,530 75,360 737,765 69,150 623,733 - 2,635,939 5,181 2,641,120 2,515,697 - 2,515,697 Beginning balance as at January 1, 2019 2017 Comprehensive income 1,245,284 577,530 74,150 688,675 68,050 574,461 - 2,585,639 2,465,325 - 2,585,639 Dividend paid Comprehensive income 2,465,325 Profit for the period - - - 6,583 - 6,583 - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 6,583 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 6,583 - 23,240 6,583 - 23,240 6,583 Ending balance as at June 30, 2019 2017 1,245,284 577,530 74,150 674,557 68,050 581,044 - 2,571,521 2,471,908 - 2,571,521 2,471,908 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 69,150 597,193 - 2,569,954 2,489,157 - - 70,862 27,761 - 70,862 27,761 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 27,761 27,761 Ending balance as at June 30, 2020 2018 1,245,284 577,530 75,360 742,642 2,640,816 69,150 624,954 2,516,918 577,530 68,050 570,037 - 2,460,901 - - 8,823 - (37,358) - (37,358) - - - 22,668 - 22,668 8,823 Beginning balance as at January 1, 2019 2017 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 8,823 8,823 Ending balance as at June 30, 2019 2017 1,245,284 577,530 74,150 676,668 2,573,632 68,050 578,860 2,469,724 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 2018 2017 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 26,359 6,583 27,761 8,823 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 11,992 13,494 11,971 12,979 Unrealized gain from trading securities (12) (2) (12) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property fixed assets 2,455 5,875 2,455 5,875 Allowance for loss on impairment of fixed assets (reverse) (800) - 2,963 (800) - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 1,099 880 1,099 880 Employee benefit expenses 1,698 2,292 1,620 2,184 1,682 2,002 1,612 1,920 Interest income (751,517) (791,650) (741,515) (771,648) Interest expenses 17,571 21,060 17,483 20,948 41,904 31,821 41,805 31,803 Tax expenses (income) 14,490 3,521 14,444 3,445 8,766 4,573 8,766 4,573 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 91,938 63,576 93,152 65,203 Decrease (increase) in operating assets Trade accounts receivable 21 (152) - - Inventories 13,945 74,693 13,934 74,693 104,998 107,912 104,998 107,912 Property development costs 230,356 74,755 230,356 74,755 174,301 148,072 174,301 148,072 Land held for development (75,551) (87,438) (75,551) (87,438) Deposit from purchase land - 508 - 508 - - Other current assets 1,256 2,526 1,214 2,668 1,191 2,742 (5) 1,140 Other non-current assets 63 (98140) 589 63 (98140) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 2018 2017 2018 2017 Increase (decrease) in operating liabilities Trade notes payable (11,084) (8,387) (11,104) (8,387) Trade accounts payable and other current payables 23,969 payable (2,8611,502) 26,846 (3,42622,403) (1,502) (22,403) Payable to related parties (8,183) 4,777 (7,889) 3,073 Accrued expenses 1,152 4,222 1,163 4,213 Advance received from customers (1,447) (12,512) (1,447) (12,512) Retention from contractors 2,886 (305) 2,886 (179) Other non-current liabilities 2,540 943 2,540 943 1,687 (24) 1,657 (9) Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 280,470 200,040 280,722 198,645 ▇▇▇▇ received from interest income 75 79 74 76 264 18 261 15 Witholding taxes refunded from Revenue Department 95 95 6,890 - 6,765 - Cash Income tax expenses paid for provision from purchasing the real estate project (2348,077) - - - (7,499) (8,037) (7,435) ▇▇▇▇ paid for provision for employee benefit obligations compensation for housing estate juristic persons - (5,613342) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367342) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 279,547 192,217 279,711 190,883 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - 55,000 2,000 Increase in temporary investment short-term investments (128) (41) - (40) Increase in restricted deposits with financial institutions (2,00237) (75828) (2,00237) (758) Cash paid for increase Proceeds from sales of capital in subsidiary fixed assets 80 - - (7,500) 80 - Cash paid for purchase of fixed assets (4,6701,953) (1,2851,741) (2,8571,953) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,8291,741) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,51121) (6,9131,695) (29,19721) (6,8831,695) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. “REVIEWED” CASH FLOWS FROM FINANCING ACTIVITIES In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions 59,181 (94,098753,488) 59,181 (63,743) (94,098) (63,743753,488) Cash paid for liabilities under finance lease liabilities agreement (1,760418) (1417) (1,760418) (1417) Cash received from short-term loan the shares fee payment in subsidiary 2,500 other company 50,000 - - 50,000 - Cash paid for short-term loan from other company - (48,16283,985) - (48,16283,985) - ▇▇▇▇ received from short-term loan a related party - 306,000 - 306,000 Cash paid for short-term loan a related party (54,100) - (1,00054,100) - - ▇▇▇▇ received from short-term loan from the director 55,600 74,000 1,500 74,000 Cash paid for short-term loan from the directors (2,500) (155,000) (2,500) (155,000) ▇▇▇▇ received from long-term loans 178,043 259,267 178,043 259,267 247,212 1,431,507 247,212 1,431,507 Cash paid for long-term loans (370,378490,695) (272,6941,019,439) (370,378490,695) (272,6941,019,439) Interest paid (28,71455,573) (42,79350,672) (28,57655,573) (42,615) Dividend paid - (37,358) - (37,35850,672) Net cash provided by (used in) financing activities (314,407275,278) (206,484167,509) (316,769329,378) (205,306167,509) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) 2,347 21,235 3,411 21,901 Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 21,952 13,240 19,753 10,782 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 24,299 34,475 23,164 32,683 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 837 447 837 447 Cash at bank 56,363 16,511 48,420 14,068 23,462 34,028 22,327 32,236 Total 57,147 17,118 49,089 14,67524,299 34,475 23,164 32,683
Appears in 1 contract
Sources: Interim Financial Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard Standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 1013, 2020 In Thousand (Mr. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇) Certified Public Accountant Registration No. 4752 Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June As at December Notes 30, 2020 31, 2019 Current assets Cash and cash equivalents 6 55,488,862.95 197,575,211.34 Trade and other receivable 7 181,179,696.57 149,432,405.53 Current portion of finance lease receivables 8 15,228,315.04 9,579,165.92 Inventories 9 103,422,784.72 47,292,148.84 Other current assets 2,446,909.39 4,033,393.62 Total current assets 357,766,568.67 407,912,325.25 Non-current assets Restricted bank deposit 10 21,290,032.94 21,148,058.09 Finance lease receivables 8 48,302,482.82 25,052,927.81 Property, plant and equipment 11 141,132,725.08 145,126,213.80 Right-of-use assets 12 18,033,382.18 - Intangible assets 13 260,615.26 283,326.75 Deferred tax assets 14 1,562,010.73 3,092,665.27 Other non-current assets 32,496,763.67 28,995,251.20 Total non-current assets 263,078,012.68 223,698,442.92 TOTAL ASSETS 620,844,581.35 631,610,768.17 Note to interim financial statements form an integral part of these statements. Baht As at June As at December Notes 30, 2020 31, 2019 Current liabilities Trade and other payables 16 195,850,173.28 152,443,213.37 Current portion of long-term loan from financial institution 18 4,858,873.78 5,425,135.74 Current portion of liability under lease agreements 19 4,251,808.68 3,147,934.51 Income tax payable 1,286,788.79 374,688.27 Other current liabilities 17 3,203,865.43 4,098,766.08 Total current liabilities 209,451,509.96 165,489,737.97 Non-current liabilities Long-term loan from financial institution 18 - 26,102,945.19 Liability under lease agreements 19 6,855,509.46 4,698,649.32 Employee benefit obligations 20 19,352,054.55 18,330,893.03 Other non-current liabilities 34,819,541.63 37,151,535.49 Total non-current liabilities 61,027,105.64 86,284,023.03 TOTAL LIABILITIES 270,478,615.60 251,773,761.00 Note to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” Baht As at June As at December Notes 30, 2020 31, 2019 Cash Shareholders' equity Share capital Authorised share capital 280,000,000 ordinary shares of Baht 0.50 each 140,000,000.00 140,000,000.00 Issued and cash equivalents 57,147 27,210 49,089 19,195 Trade paid-up share capital 280,000,000 ordinary shares of Baht 0.50 each 140,000,000.00 140,000,000.00 Premium on share capital 153,294,618.30 153,294,618.30 Surplus on share-based payment transactions 6,754,000.00 6,754,000.00 Retained earnings Appropriated Legal reserve 12,446,049.54 12,446,049.54 Unappropriated 37,871,297.91 67,342,339.33 TOTAL SHAREHOLDERS' EQUITY 350,365,965.75 379,837,007.17 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 620,844,581.35 631,610,768.17 Note to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" For the three-month period For the six-month period ended June 30, ended June 30, 2020 2019 2020 2019 Revenues from sales and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held services Interest income Other income Total revenues Expenses Cost of sales and services Selling expenses Administrative expenses Other expense Total expense Profit from operating activities Finance cost Profit before income tax expense Income tax expense Profit for development 10 1,594,281 1,673,191 1,520,873 1,599,783 the period Other current comprehensive income Total comprehensive income for the period Earnings per share Basic earnings per share Notes 24 Note to interim financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 statements form an integral part of these statements. “UNAUDITED” “REVIEWED” Share capital Premium on Surplus on Retained earnings Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 NONIssued and share capital Share-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment in subsidiaries 12 based Appropriated unappropriated Paid-up Payment Legal reserve transactions 140,000,000.00 153,294,618.30 6,754,000.00 12,446,049.54 67,342,339.33 379,837,007.17 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 Property- - (715,050.36) (715,050.36) 140,000,000.00 153,294,618.30 6,754,000.00 12,446,049.54 66,627,288.97 379,121,956.81 - - - - (56,000,000.00) (56,000,000.00) - - - - 27,244,008.94 27,244,008.94 140,000,000.00 153,294,618.30 6,754,000.00 12,446,049.54 37,871,297.91 350,365,965.75 Adjustment Cumulative effects of changes in accounting policies due to the adoption of new financial reporting standards Balance as at January 1, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 2020 (Restated) Dividend Profit for the period Balance as at June 30, 2020 Dividend 21 Profit for the period Balance as at June 30, 2019 100,000,000.00 - 12,367 6,754,000.00 10,000,000.00 67,795,624.51 184,549,624.51 - Intangible assets 16 4,260 4,653 4,148 4,528 Deferred tax assets 17 16,983 14,645 15,261 12,923 Other non-current assets 8,958 9,387 8,888 9,267 Total non-current assets 358,606 328,854 433,947 397,754 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 - - - (45,000,000.00) (45,000,000.00) - - - - 22,152,982.60 22,152,982.60 100,000,000.00 - 6,754,000.00 10,000,000.00 44,948,607.11 161,702,607.11 Notes to interim financial statements form an integral part of these statements. In Thousand “UNAUDITED” “REVIEWED” Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts Profit for the period 27,244,008.94 22,152,982.60 Reconciliations of profit for the period to net cash provided by (used in) operating activities Depreciation 4,799,322.24 2,453,412.62 Amortization of intangible assets 22,711.49 24,581.33 Allowance for doubtful debt 1,198,681.18 - Provision of allowance for decline in value of inventories (reversal) (28,896.00) (177,134.00) (Gain) loss on disposal of building improvement and short-term loans equipment (401,455.25) - Employee benefits expenses 1,222,661.52 4,282,128.06 Interest income (1,387,049.43) (1,002,068.58) Finance costs 719,343.66 591,788.93 Income tax expense 6,700,925.21 5,876,452.71 Profit from the financial institutions 18 212,772 306,870 212,772 306,870 operating before changes in operating assets and liabilities 40,090,253.56 34,202,143.67 (Increase) decrease in operating assets Trade and other accounts receivable (33,615,403.10) 35,526,566.28 Finance lease receivables (29,166,224.26) (19,369,035.33) Unbilled receivable - 12,741,000.00 Inventories (56,101,739.88) (33,205,550.28) Other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 assets 1,586,484.23 (152,963.37) Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes assets (3,458,374.41) (752,303.75) Note to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 “UNAUDITED” “REVIEWED” 2020 2019 Increase (decrease) in operating liabilities Trade and other payables 43,406,959.91 52,732,816.44 Other current payables 23,969 liabilities (2,861894,900.65) 26,846 (3,4264,415,082.86) Employee benefits obligations (201,500.00) (315,200.00) Other non-current liabilities 2,540 943 2,540 943 (2,331,993.86) 8,396,375.01 Cash receivable generated (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ operating (40,686,438.46) 85,388,765.81 Interest received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - 1,387,049.43 1,002,068.58 Income tax expenses paid (9,5254,079,407.56) (15,412) (9,481) (15,3677,969,805.94) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH CASH FLOWS FROM INVESTING ACTIVITIES Increase : (43,378,796.59) 78,421,028.45 (Increase) decrease in temporary investment restricted bank deposit (1141,974.85) (41139,856.23) - Cash payments to acquire property, plant and equipment (40) Increase in restricted deposits with financial institutions (2,00213,112,459.62) (758) (2,002) (75819,238,050.12) Cash paid for increase received from sale of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) equipment 409,883.17 - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase : (decrease12,844,551.30) in bank overdrafts and short(19,377,906.35) Cash payment from long-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans loan from the financial institutions institution (94,09826,704,257.90) (63,743) (94,098) (63,743) - Cash paid payments for liabilities under lease liabilities agreements (1,7602,474,449.69) (12,156,426.95) Dividend paid (56,000,000.00) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,69420,000,000.00) Interest paid (28,714684,292.91) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358591,788.93) Net cash provided by (used in) financing activities (314,40785,863,000.50) (206,48422,748,215.88) (316,769) (205,306) Net increase Increase (decrease) in cash and cash equivalents 29,939 equivalent, net (12,101142,086,348.39) 29,894 (11,948) 36,294,906.22 Cash and cash equivalentsequivalent, at beginning of period 27,210 29,219 19,195 26,623 197,575,211.34 10,166,009.85 Cash and cash equivalentsequivalent, at end of period 57,149 17,118 49,089 14,675 Supplemental disclosures 55,488,862.95 46,460,916.07 Purchase of cash flows information 1) Cash and cash equivalents consisted asset under financial lease agreements Dividend payable Note to interim financial statements form an integral part of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675these statements.
Appears in 1 contract
Sources: Independent Auditor’s Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard Standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10November 13, 2020 2019 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note Financial Statements As at June September As at December As at June September As at December Notes 30, 2020 2019 31, 2019 2018 30, 2020 2019 31, 2019 2018 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 Property 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 land 17 275,200 280,900 275,200 280,900 Short-term loans to related parties 4 - - 1,229,163 1,148,330 Other current assets 2,054 3,310 2,116 3,330 23,034 5,987 15,812 1,849 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 12,421,699 12,100,119 11,331,746 11,072,000 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment Deposits at banks used as collateral 7 268,272 194,844 262,084 188,667 Investments in subsidiaries 12 8 - - 86,864 79,364 313,000 311,000 Investment property 13 206,549 192,201 206,549 192,201 properties 9 478,630 451,650 433,630 412,040 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 10 1,097,749 902,549 1,097,749 902,549 Intangible assets 16 4,260 4,653 4,148 4,528 15,383 18,675 13,495 16,406 Deferred tax assets 17 16,983 14,645 15,261 12,923 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 8,958 9,387 8,888 9,267 31,887 50,039 22,837 39,892 Total non-current assets 358,606 328,854 433,947 397,754 2,468,542 2,197,186 2,613,247 2,372,781 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 14,890,241 14,297,305 13,944,993 13,444,781 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675.
Appears in 1 contract
Sources: Review Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10November 8, 2020 2019 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June September As at December As at June September As at December 30, 2020 2019 31, 2019 2018 30, 2020 2019 31, 2019 2018 Cash and cash equivalents 57,147 27,210 49,089 19,195 71,750 29,219 59,461 26,623 Short-term investments 952 946 710 706 Trade and other current receivables 7 8,647 7,108 6,039 6,216 accounts receivable 91 - - - Short-term loan to related parties 4 - - - - Inventories 8 158,111 172,056 158,049 171,983 5 195,734 311,754 195,734 311,754 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 6 1,545,650 1,597,714 1,545,650 1,597,714 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 7 1,922,371 1,954,096 1,848,963 1,880,688 Other current assets 2,054 3,310 2,116 3,330 4 9,410 11,816 9,327 11,861 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 3,745,958 3,905,545 3,659,845 3,829,346 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Deposit pledged as collateral 8 13,409 9,242 13,409 9,242 Investment in subsidiaries 12 9 - - 86,864 79,364 71,864 Investment property 13 206,549 192,201 206,549 192,201 10 190,627 194,086 190,627 194,086 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - 11 87,085 106,705 87,057 106,698 Intangible assets 16 4,260 4,653 4,148 4,528 12 4,503 4,764 4,503 4,764 Witholding tax 1,869 11,178 1,773 10,989 Deferred tax assets 17 16,983 14,645 15,261 12,923 asstes 21 14,334 14,095 12,613 12,374 Other non-current assets 8,958 9,387 8,888 9,267 3,396 4,012 3,336 4,012 Total non-current assets 358,606 328,854 433,947 397,754 315,223 344,082 392,682 414,029 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,061,181 4,249,627 4,052,527 4,243,375 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June September As at December As at June September As at December Note 30, 2020 2019 31, 2019 2018 30, 2020 2019 31, 2019 2018 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 13 326,980 456,425 326,980 456,425 Trade notes payable 25,696 24,301 25,696 24,301 Trade accounts payable and other current payables payable 75,077 59,114 75,077 59,108 Payable to related parties 4 37,316 39,738 37,546 41,355 Accrued expenses 4 11,451 36,349 11,387 35,372 Accrued corporate income tax Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 39 9,014 - 9,014 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 14 273,495 395,424 273,495 395,424 Short-term loan from other company 15 - 4,323 48,162 - Accrued income tax 7,347 - 7,303 - 48,162 Short-term loan from related parties 6 219,000 219,000 219,000 219,000 4 229,000 230,000 229,000 229,000 Short-term loan from the director 6 4 2,500 2,500 3,000 - - Advance received from customers 7,250 3,077 7,250 3,077 Retention from contractors 69,514 74,043 69,256 73,785 Other current liabilities 3,764 3,006 3,674 2,915 Total current liabilities 838,493 1,053,554 834,933 1,047,095 1,062,082 1,381,653 1,059,361 1,377,938 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee 14 283,207 162,293 283,207 162,293 Employee benefit obligations 22 61,434 64,930 59,632 63,222 16 60,433 55,789 58,856 54,112 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision 17 20,824 19,527 20,824 19,527 Liabilities from purchasing the real estate project 24 42,507 18 42,741 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 3,350 1,985 3,350 1,985 Total non-current liabilities 452,695 477,191 447,584 471,940 410,555 282,335 405,435 277,115 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 1,472,637 1,663,988 1,464,796 1,655,053 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June September As at December As at June September As at December 30, 2020 2019 31, 2019 2018 30, 2020 2019 31, 2019 2018 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 74,150 74,150 74,150 74,150 Unappropriated 737,765 669,306 742,642 671,780 689,080 688,675 690,767 691,358 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 2,586,044 2,585,639 2,587,731 2,588,322 Non-controlling interests 5,181 4,474 2,500 - - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 2,588,544 2,585,639 2,587,731 2,588,322 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 4,061,181 4,249,627 4,052,527 4,243,375 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 351,596 304,661 351,596 304,661 Rental income and service 2,884 5,296 1,528 4,099 4,532 5,714 3,354 4,365 Other income 6 2,303 1,497 2,047 1,515 4 14,014 3,184 13,822 3,127 Total Revenues 525,323 219,934 523,711 218,755 370,142 313,559 368,772 312,153 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 4 221,281 194,337 221,281 194,337 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 4,988 5,289 4,160 4,411 Selling expenses 49,646 41,185 49,646 41,185 Administrative expenses 6 54,413 42,894 53,404 43,077 4 53,947 35,769 53,629 35,545 Management benefit expenses 4 8,751 8,330 8,751 8,330 Finance costs 4 11,720 15,187 11,666 14,702 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 350,333 300,097 349,133 298,510 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) 19,809 13,462 19,639 13,643 Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) 5,151 2,779 5,112 2,779 Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) 14,658 10,683 14,527 10,864 Other comprehensive income Items that will not be reclassified to profit or loss Actuarial gains (loss) from post-employee benefit, net of income tax (135) - (428) - Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) 14,523 10,683 14,099 10,864 Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 14,658 10,683 14,527 10,864 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 14,658 10,683 14,527 10,864 Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 14,523 10,683 14,099 10,864 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 14,523 10,683 14,099 10,864 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 20 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) 0.012 0.009 0.011 0.009 Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 966,296 1,098,231 966,296 1,098,231 Rental income and service 5,295 10,755 3,684 8,268 15,287 16,674 11,622 12,736 Other income 6 4,202 2,947 3,933 2,977 4 16,961 7,188 16,799 8,628 Total Revenues 858,613 628,402 856,733 625,945 998,544 1,122,093 994,717 1,119,595 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 4 617,142 711,088 617,142 711,088 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 15,209 15,817 12,556 12,974 Selling expenses 134,160 150,134 134,160 150,134 Administrative expenses 6 100,626 89,985 98,887 90,113 4 126,517 113,985 126,327 113,331 Management benefit expenses 4 26,166 25,391 26,166 25,391 Finance costs 4 32,780 57,091 32,614 56,507 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 951,974 1,073,506 948,965 1,069,425 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 46,570 48,587 45,752 50,170 Tax expenses (income) 25 14,490 3,521 14,444 3,445 21.2 8,672 11,545 8,557 11,545 Profit (loss) for the period 66,666 23,240 70,862 22,668 37,898 37,042 37,195 38,625 Other comprehensive income Items that will not be reclassified to profit or loss Actuarial gains (loss) from post-employee benefit, net of income tax (135) - (428) - Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income 66,666 23,240 70,862 22,668 for the period 37,763 37,042 36,767 38,625 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 37,898 37,042 37,195 38,625 Non-controlling interests (1,793) - - - - 37,898 37,042 37,195 38,625 Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 37,763 37,042 36,767 38,625 Non-controlling interests (1,793) - - - - 37,763 37,042 36,767 38,625 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 20 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 0.030 0.030 0.030 0.031 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated components paid-up legal reserve component of equity s Beginning balance as at January 1, 2020 2019 1,245,284 577,530 75,360 669,306 74,150 688,675 - 2,567,480 4,474 2,571,954 Shares fee payment 2,585,639 - 2,585,639 Non-controlling interests increased due to investment in a subsidiary - - - - - - 2,500 2,500 Dividend paid 19 - - Comprehensive income Profit for the period - - - - (37,358) 37,898 - - (37,358) 37,898 - - (37,358) 37,898 Other comprehensive income for the period - - - 68,459 (135) - (135) - (135) Total comprehensive income for the period - - - 68,459 37,763 - 37,763 2,500 (1,793) 37,763 Ending balance as at September 30, 2019 1,245,284 577,530 74,150 689,080 - 2,586,044 2,500 66,666 2,588,544 Beginning balance as at January 1, 2018 1,245,284 577,530 Comprehensive income Profit for the period - - 69,150 - 597,374 37,042 - - 2,489,338 37,042 - - 2,489,338 37,042 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 37,042 - 68,459 (1,793) 66,666 37,042 - 37,042 Ending balance as at June September 30, 2020 2018 1,245,284 577,530 75,360 737,765 69,150 634,416 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 2,526,380 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 2,526,380 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total Beginning balance as at January 1, 2019 Dividend paid Comprehensive income Profit for the period issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity 1,245,284 577,530 74,150 691,358 - 2,588,322 19 - - - (37,358) - (37,358) - - - 37,195 - 37,195 Other comprehensive income for the period - - - (428) - (428) Total comprehensive income for the period - - - 36,767 - 36,767 Ending balance as at September 30, 2019 1,245,284 577,530 74,150 690,767 - 2,587,731 577,530 69,150 597,193 - 2,489,157 - - 38,625 - 38,625 Beginning balance as at January 1, 2020 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 38,625 38,625 Ending balance as at June September 30, 2020 2018 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 69,150 635,818 2,527,782 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2018 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 37,898 37,042 37,195 38,625 Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 15,804 18,016 15,797 17,992 Unrealized gain from trading securities (14) (2) (14) (2) Doubtful account 980 - 980 - 980 (Gain) loss from sale and amortization of fixed assets 4,137 2,338 4,364 2,413 (Gain) loss from sale and amortization of investment property 2,963 - 2,963 - 2,963 Allowance for loss on impairment of fixed assets (reverse) (1,449) (1,889) (1,449) (1,889) Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 1,297 2,830 1,297 2,830 Employee benefit expenses 1,698 2,292 1,620 2,184 3,437 2,523 3,276 2,418 Interest income (75128) (791,558) (74124) (771,554) Interest expenses 17,571 21,060 17,483 20,948 32,802 57,091 32,614 56,507 Tax expenses (income) 14,490 3,521 14,444 3,445 8,672 11,545 8,557 11,545 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 106,409 127,936 105,466 128,885 Decrease (increase) in operating assets Trade accounts receivable (91) (24) - - Inventories 13,945 74,693 13,934 74,693 116,020 99,378 116,020 99,378 Property development costs 230,356 74,755 230,356 74,755 69,017 272,927 69,017 272,927 Land held for development 38,267 (78,774) 38,267 (78,774) Deposit from purchase land - 508 - 508 - - Other current assets 1,256 2,526 1,214 2,668 1,425 (7,514) 1,554 (1,416) Other non-current assets (981) 589 (981) 789 616 430 677 430 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2018 2019 2018 Increase (decrease) in operating liabilities Trade notes payable 1,394 (23,108) 1,394 (23,108) Trade accounts payable and other payable 15,964 (18,953) 15,969 (19,189) Payable to related parties (2,422) (8) (3,810) 46 Accrued expenses (20,826) (6,377) (19,997) (6,375) Advance received from customers 4,173 (1,553) 4,173 (1,553) Retention from contractors (4,529) (4,866) (4,529) (4,866) Other current payables 23,969 (2,861) 26,846 (3,426) liabilities 758 101,098 759 101,071 Other non-current liabilities 2,540 943 2,540 943 1,364 - 1,364 - Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 327,539 460,592 326,324 467,456 ▇▇▇▇ received from interest income 75 79 74 76 128 7,618 124 7,614 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - 11,084 6,890 10,989 6,765 Income tax expenses paid (9,52519,553) (15,41211,586) (9,48119,475) (15,36711,519) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - - 55,000 Increase in temporary investment (12) - - - Increase in deposit pledged as collateral (4,167) (41) - (40) Increase in restricted deposits with financial institutions (2,00260) (7584,167) (2,00260) (758) Cash paid for increase Proceeds from sales of capital in subsidiary - - (7,500) - fixed assets 11,000 155 10,769 80 Cash paid for purchase of fixed assets (4,6701,976) (1,2852,492) (2,8571,947) (1,2562,492) Cash paid for purchase of investment property (16,8116,838) - (4,8296,838) (16,811) (4,829) - Cash paid for purchase of intangible assets (27298) (81) (298) (81) Cash received from capital in subsidiary 13,750 - - - Cash paid for increase of capital in subsidiary (11,250) - (27) - Net cash provided by (used in) investing activities (23,5117,500) (6,913) (29,197) (6,88360,000) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098129,445) 84,766 (63,743129,445) (94,098) (63,743) 84,766 Cash paid for liabilities under finance lease liabilities agreement (1,7601) (626) (1) (1,760) (1626) Cash received from short-term loan the shares fee payment in subsidiary 2,500 other company - 50,000 - - 50,000 Cash paid for short-term loan from other company - (48,162) - (106,897) (48,162) (106,897) ▇▇▇▇ received from short-term loan a related party 6,000 51,100 - 51,100 Cash paid for short-term loan a related party (7,000) (54,100) - (1,00054,100) ▇▇▇▇ received from short-term loan from the director - 55,600 - 1,500 Cash paid for short-term loan from the directors (500) (69,500) - - Cash (18,400) ▇▇▇▇ received from long-term loans 178,043 259,267 178,043 259,267 337,786 362,564 337,786 362,564 Cash paid for long-term loans (370,378338,801) (272,694742,929) (370,378338,801) (272,694742,929) Interest paid (28,71459,405) (42,79394,521) (28,57659,162) (42,61592,944) Dividend paid - (37,358) - (37,358) - Net cash provided by (used in) financing activities (314,407276,886) (206,484464,543) (316,769275,143) (205,306465,966) Net increase (decrease) in cash and cash equivalents 29,939 42,531 (12,1013,507) 29,894 32,838 (11,9483,203) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 21,952 26,623 19,753 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 71,750 18,445 59,461 16,550 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 827 637 827 Cash at bank 56,363 16,511 48,420 14,068 71,143 17,618 58,824 15,723 Total 57,147 17,118 49,089 14,67571,750 18,445 59,461 16,550 2) In quarter 3 of 2019 and 2018, the Company has transferred the land development cost of Baht 85.10 million and Baht 40.57 million into part of land pending development. Notes to interim financial statements form an integral part of these statements.
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10May 14, 2020 2024 “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June March As at December As at June March As at December 30, 2020 Note 31, 2019 30, 2020 2024 31, 2019 2023 31, 2024 31, 2023 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 62,471 86,428 56,384 78,335 Trade and other current receivables 5, 6 26,459 22,268 22,640 18,251 Short-term to related parties 5 - - 66,394 66,394 Inventories 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 145,544 145,526 137,897 137,826 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 8 3,242,689 3,311,399 3,257,998 3,331,731 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 9 729,122 729,035 729,122 729,035 Deposits for land 12,825 12,825 12,825 12,825 Other current financial assets 956 954 714 712 841 838 595 593 Other current assets 2,054 3,310 2,116 3,330 4,174 709 3,999 362 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 4,224,125 4,309,028 4,287,854 4,375,352 NON-CURRENT ASSETS Restricted deposits with Other non-current financial institutions 11 15,823 13,821 15,823 13,821 assets 10 41,309 39,367 41,309 39,367 Investment in subsidiaries 12 11 - - 86,864 79,364 86,864 Investment property 13 206,549 192,201 206,549 192,201 12 151,018 152,965 195,376 197,880 Property, plant and equipment 14 93,666 94,147 84,047 85,650 13 169,917 172,349 83,049 81,883 Right-of-use assets 15 12,367 - 12,367 - 14 11,404 11,200 10,302 10,052 Intangible assets 16 4,260 4,653 4,148 4,528 15 2,310 2,534 1,941 2,128 Land held for development 9 877,992 877,992 805,411 805,411 Deferred tax assets 17 16,983 14,645 15,261 12,923 16 14,165 13,608 10,348 9,878 Other non-current assets 8,958 9,387 8,888 9,267 5 9,596 15,176 4,709 5,307 Total non-current assets 358,606 328,854 433,947 397,754 1,277,711 1,285,191 1,239,309 1,238,770 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 ASSETSNotes to interim financial statements for m an integral 5,501,836part of these stat 5,594,219ements. 5,527,163 5,614,122 “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December As at March As at December Note 31, 2024 31, 2023 31, 2024 31, 2023 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 17 285,501 279,236 285,501 279,236 Trade and other current payables 5, 18 436,031 499,565 420,648 481,873 Accrued income tax 1,554 1,554 1,554 1,554 Current portion of long-term loan from the financial institutions 19 689,492 669,850 683,945 664,408 Current portion of Debenture 20 447,543 150,000 447,543 150,000 Short-term loan from related parties 5 5,500 5,500 - - Current portion of lease liabilities 21 4,438 5,942 4,383 4,243 Other current liabilities 338 1,178 - - Total current liabilities 1,870,397 1,612,825 1,843,574 1,581,314 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 19 336,021 384,136 316,704 363,388 Debenture 5, 20 - 296,837 - 296,837 Lease liabilities 21 7,461 10,020 6,321 6,304 Provision for employee benefit obligations 22 55,475 54,148 51,934 50,746 Provision for compensation for housing estate juristic persons 23 32,889 32,012 32,889 32,012 Provision from purchasing the real estate project 24 31,715 31,931 30,068 30,068 Other non-current liabilities 5 33,388 32,143 33,821 32,576 Total non-current liabilities 496,949 841,227 471,737 811,931 TOTAL LIABILITIES 2,367,346 2,454,052 2,315,311 2,393,245 Notes to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June March As at December As at June March As at December Note 30, 2020 31, 2019 30, 2020 2024 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 2023 31, 2019 30, 2020 2024 31, 2019 2023 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Difference from change in shareholding proportion (2,289) (2,289) - - Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 122,200 122,200 122,200 122,200 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - 1,212,991 1,218,762 1,266,838 1,275,863 Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 3,155,716 3,161,487 3,211,852 3,220,877 Non-controlling interests 5,181 4,474 (21,226) (21,320) - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 3,134,490 3,140,167 3,211,852 3,220,877 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 5,501,836 5,594,219 5,527,163 5,614,122 Notes to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” Consolidated Financial Statements Separate Financial Statements 2024 2023 2024 2023 324,219 646,626 324,477 647,358 Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income Profit (loss) from operating activties Finance costs Profit (loss) before finance cost and income tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 expense Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Items that will not be reclassified to profit or loss Items that may be reclassified subsequently to profit or loss Other comprehensive income for the period Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to “UNAUDITED” “REVIEWED” Consolidated Financial Statements Separate Financial Statements Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 (5,677) 60,567 (9,025) 68,659 (5,677) 60,567 (9,025) 68,659 Notes to interim financial statements form an integral part of these statements. In Thousand Baht “UNAUDITED” “REVIEWED” Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Difference from Retained earnings Other Total interests Note issued and share capital change in Appropriated Unappropriated paid-up share capital Appropriated Unappropriated shareholding proportion legal reserve component of equity s Beginning 1,245,284 577,530 (2,289) 122,200 1,218,762 3,161,487 (21,320) 3,140,167 Note Comprehensive income Profit (loss) for the period Ending balance as at January 1March 31, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period 2024 - - - - - - - 68,459 - - - 68,459 2,500 (1,7935,771) 2,500 66,666 Other comprehensive income for the period (5,771) 94 (5,677) - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,3585,771) 23,240 - (37,3585,771) - 23,240 - - 94 (37,3585,677) 23,240 Other comprehensive 1,245,284 577,530 (2,289) 122,200 1,212,991 3,155,716 (21,226) 3,134,490 Comprehensive income Profit (loss) for the period Ending balance as at March 31, 2023 1,245,284 577,530 - 113,200 1,202,870 3,138,884 (18,469) 3,120,415 - - - - 63,345 63,345 (2,778) 60,567 - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 63,345 63,345 (2,778) 60,567 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 113,200 1,266,215 3,202,229 (21,247) 3,180,982 Notes to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2024 In ThousandBaht Separate Financial Statements Other Thousand Baht Share capital Premium on Retained earnings Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning 1,245,284 577,530 122,200 1,275,863 3,220,877 Note Comprehensive income Profit (loss) for the period Ending balance as at January 1March 31, 2020 1,245,284 2024 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30March 31, 2020 2023 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 113,200 1,242,046 3,178,060 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 113,200 1,310,705 3,246,719 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 2024 2023 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net (5,677) 60,567 (9,025) 68,659 Adjust items that profit (loss) is cash received (paid) Adjustment on income tax expenses (532) 24,396 (470) 24,224 Adjustment on financial cost 10,343 7,202 9,714 7,017 Adjusted with the interest income (31) (15) (934) (834) Adjustment on trade and other current receivables (increase) decrease (4,069) (5,647) (4,694) (2,070) Adjustment on inventory (increase) decrease 2,163 (2,064) 2,110 2,492 Adjustment on real estate project development costs (increase) decrease 86,251 (159,805) 91,274 (162,107) Adjustment on land held for development (increase) decrease (87) (388) (87) (388) Adjustment for loss from change the lease agreement (4,069) - (76) - Adjustment on other current assets (increase) decrease (3,465) (62,091) (3,637) (62,020) Adjustment on non-current assets (increase) decrease 4,239 (960) 4,298 (949) Adjustment on trade and other current payables increase (decrease) (62,871) (5,523) (60,562) (4,111) Adjustment on other liabilities increase (decrease) - 4,112 - 2,118 Adjustments for other current liabilities increase (decrease) (840) - - - Adjustments for other non-current liabilities increase (decrease) 1,245 - 1,245 - Depreciation and amortization charge 9,730 9,292 6,210 5,693 Adjustment on loss for declining in value of inventories (reverse) (2,181) (122) (2,181) (122) Adjustment on provisions for employee benefit (reverse) 919 900 811 796 Adjustment on provisions for compensation for housing estate juristic persons (reverse) 877 1,671 877 1,671 Adjustments on expected credit loss (reverse) (122) - 125 - Adjustment with loss (gain) from fair value (2) (2) (2) (1) Adjustment on loss for sale and disposal of property, plant and equipment 391 - 391 - Total adjustments from profit (loss) reconciliation 37,889 (189,044) 44,412 (188,591) Net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities 32,212 (1128,477) 35,387 (2119,932) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase Consolidated Financial Statements Separate Financial Statements 2024 2023 2024 2023 Income tax refund (decreasepaid) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable received interest income Cash received (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision other activities Provision from purchasing the real estate project (234216) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH 33,342 (136,581) 32,801 (126,604) CASH FLOWS FROM INVESTING ACTIVITIES Increase Decrease (increase) in temporary investment fixed deposits pledged as collateral (11,942) (41) - (40) Increase in restricted deposits with financial institutions (2,0021,937) (7581,942) (2,002) (7581,937) Cash received from short-term loans to related parties - - - 19,000 Cash paid for increase of capital in subsidiary from short-term loans to related parties - - - (7,5008,000) - Cash paid for purchase of fixed assets property, plant and equipment (4,6704,384) (1,28513,515) (2,8573,988) (1,25610,897) Cash paid for purchase of investment property (16,81110) (4,82930) (16,81110) (4,82930) Cash paid for purchase of intangible assets - (2768) - (27) - Net cash provided by (used in) investing activities (23,5116,240) (6,91315,550) (29,1975,844) (6,8831,864) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions 6,265 (94,09888,116) 6,265 (63,743) (94,098) (63,74388,116) Cash paid for liabilities under lease liabilities (1,7601,418) (12,029) (1,7601,191) (11,542) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash ▇▇▇▇ received from long-term loans 178,043 259,267 178,043 259,267 125,606 409,687 125,606 379,687 Cash paid for long-term loans (370,378154,079) (272,694267,305) (370,378152,753) (272,694267,305) Interest ▇▇▇▇ received from Debentures - 294,559 - 294,559 Cash paid interest (28,71427,433) (42,79315,145) (28,57626,835) (42,615) Dividend paid - (37,358) - (37,35815,086) Net cash provided by (used in) financing activities (314,40751,059) 331,651 (206,48448,908) (316,769) (205,306) 302,197 Net increase (decrease) in cash and cash equivalents 29,939 (12,10123,957) 29,894 179,520 (11,94821,951) 173,729 Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 86,428 101,758 78,335 89,159 Cash and cash equivalents, end ending of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,67562,471 281,278 56,384 262,888
Appears in 1 contract
Sources: Independent Auditor’s Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 109, 2020 2017 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June As at December As at June As at December 30, 2020 2017 31, 2019 2016 30, 2020 2017 31, 2019 2016 Cash and cash equivalents 57,147 27,210 49,089 19,195 Trade and other current receivables 7 8,647 7,108 6,039 6,216 34,475 13,240 32,683 10,782 Short-term investments ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇ Short-term loan to related parties 4 - - 55,000 57,000 Inventories 8 158,111 172,056 158,049 171,983 5 514,963 622,874 514,963 622,874 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 6 2,552,154 2,608,548 2,552,154 2,608,548 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 7 1,499,497 1,464,839 1,426,089 1,391,431 Other current assets 2,054 3,310 2,116 3,330 4 11,059 20,336 15,394 23,221 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 4,612,846 4,730,533 4,596,981 4,714,552 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Deposit pledged as collateral 8 8,260 8,223 8,260 8,223 Investment in subsidiaries 12 9 - - 86,864 79,364 11,864 11,864 Investment property 13 206,549 192,201 206,549 192,201 10 209,210 214,237 209,210 214,237 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - 11 111,754 123,737 110,970 122,438 Intangible assets 16 4,260 4,653 4,148 4,528 12 6,008 4,930 6,008 4,930 Witholding tax 8,752 6,756 8,390 6,457 Deferred tax assets 17 16,983 14,645 15,261 12,923 asstes 20 5,498 4,569 3,777 2,848 Other non-current assets 8,958 9,387 8,888 9,267 4,131 4,091 4,131 4,092 Total non-current assets 358,606 328,854 433,947 397,754 353,613 366,543 362,610 375,089 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,966,459 5,097,076 4,959,591 5,089,641 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 2017 31, 2019 2016 30, 2020 2017 31, 2019 2016 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 13 417,700 1,171,188 417,700 1,171,188 Trade notes payable 39,108 47,494 39,108 47,494 Trade accounts payable and other current payables payable 84,345 106,749 84,345 106,748 Payable to related parties 4 44,110 39,333 45,727 42,655 Accrued expenses 4 30,644 15,287 29,462 14,115 Current portion of liabilities under the finance lease agreement 14 798 829 798 829 Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - 15 204,084 329,998 204,084 329,998 Short-term loan from related parties 6 219,000 219,000 219,000 219,000 4 306,000 - 306,000 - Short-term loan from the director 6 2,500 2,500 4 - 81,000 - 81,000 Advance received from customers 11,141 23,654 11,141 23,653 Retention from contractors 80,006 80,311 79,748 79,927 Other current liabilities 472 496 400 409 Total current liabilities 838,493 1,053,554 834,933 1,047,095 1,218,408 1,896,339 1,218,513 1,898,016 NON-CURRENT LIABILITIES Liabilities under the finance lease agreement 14 455 840 455 840 Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee 15 1,185,678 647,696 1,185,678 647,696 Employee benefit obligations 22 61,434 64,930 59,632 63,222 16 42,481 39,885 41,235 38,740 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision 17 15,382 14,844 15,382 14,844 Liabilities from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 18 32,147 32,147 28,604 28,604 Total non-current liabilities 452,695 477,191 447,584 471,940 1,276,143 735,412 1,271,354 730,724 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 2,494,551 2,631,751 2,489,867 2,628,740 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 2017 31, 2019 2016 30, 2020 2017 31, 2019 2016 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 68,050 68,050 68,050 68,050 Unappropriated 737,765 669,306 742,642 671,780 581,044 574,461 578,860 570,037 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 2,471,908 2,465,325 2,469,724 2,460,901 Non-controlling interests 5,181 4,474 - - - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 2,471,908 2,465,325 2,469,724 2,460,901 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 4,966,459 5,097,076 4,959,591 5,089,641 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 349,940 469,719 349,940 469,719 Rental income and service 2,884 5,296 1,528 4,099 5,447 5,121 4,469 4,058 Other income 6 2,303 1,497 2,047 1,515 4 3,001 2,701 3,680 3,556 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES 358,388 477,541 358,089 477,333 XPENSES Cost of sales 6 333,355 154,493 333,355 154,493 4 239,104 306,468 239,104 306,468 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 5,631 5,139 4,126 4,204 Selling expenses 44,180 47,952 44,180 47,952 Administrative expenses 6 54,413 42,894 53,404 43,077 4 42,205 45,164 42,456 44,597 Management benefit expenses 4 7,916 7,655 7,916 7,655 Finance costs 4 15,224 22,943 15,215 22,937 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income 354,260 435,321 352,997 433,813 ncome (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax 4,128 42,220 5,092 43,520 ax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit 20 2,860 8,768 2,860 8,928 ofit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other ther comprehensive income 1,268 33,452 2,232 34,592 E I T Pr O Items that will not be reclassified to profit or loss Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) 1,268 33,452 2,232 34,592 Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 1,268 33,452 2,232 34,592 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 1,268 33,452 2,232 34,592 Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 1,268 33,452 2,232 34,592 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 1,268 33,452 2,232 34,592 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 19 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) 0.001 0.027 0.001 0.028 Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 704,448 784,003 704,448 784,003 Rental income and service 5,295 10,755 3,684 8,268 10,144 10,622 8,275 8,437 Other income 6 4,202 2,947 3,933 2,977 4 4,855 9,112 6,357 10,285 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES 719,447 803,737 719,080 802,725 XPENSES Cost of sales 6 554,025 410,217 554,025 410,217 4 473,936 524,903 473,936 525,091 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 10,886 11,054 8,504 9,143 Selling expenses 88,198 91,158 88,198 91,158 Administrative expenses 6 100,626 89,985 98,887 90,113 4 87,551 89,533 87,344 88,461 Management benefit expenses 4 15,899 15,209 15,899 15,209 E Finance costs 4 31,821 44,563 31,803 44,059 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 708,291 776,420 705,684 773,121 Share of profit from investment in an associated company - - - - Income (loss) before tax expenses 81,156 26,761 85,306 26,113 11,156 27,317 13,396 29,604 Tax expenses (income) 25 14,490 3,521 14,444 3,445 20 4,573 6,124 4,573 6,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 6,583 21,193 8,823 23,159 Other comprehensive income Items that will not be reclassified to profit or loss Actuarial loss from post-employee benefit, net of income tax 16 - (331) - (325) Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income 66,666 23,240 70,862 22,668 for the period 6,583 20,862 8,823 22,834 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 6,583 21,193 8,823 23,159 Non-controlling interests (1,793) - - - - 6,583 21,193 8,823 23,159 Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 6,583 20,862 8,823 22,834 Non-controlling interests (1,793) - - - - 6,583 20,862 8,823 22,834 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 19 Profit (loss) for the period (Baht per share) 0.055 0.005 0.017 0.007 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. - 7 - “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 2017 1,245,284 577,530 68,050 574,461 - 2,465,325 - 2,465,325 Comprehensive income Profit for the period - - - 6,583 - 6,583 - 6,583 Other comprehensive income for the period - - Total comprehensive income for the period - - - - - 6,583 - - - 6,583 - - - 6,583 Ending balance as at June 30, 2017 1,245,284 577,530 68,050 581,044 - 2,471,908 - 2,471,908 Beginning balance as at January 1, 2016 1,185,985 577,530 66,750 621,256 - 2,451,521 - 2,451,521 Dividend paid - - - (6,589) - (6,589) - (6,589) Stock dividend 59,299 - - (59,299) - - - - Total comprehensive income for the period - - - 20,862 - 20,862 - 20,862 Ending balance as at June 30, 2016 1,245,284 577,530 66,750 576,230 - 2,465,794 - 2,465,794 Notes to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” Separate Financial Statements Retained earnings Other Total issued and share capital Appropriated Unappropriated components paid-up legal reserve of equity Beginning balance as at January 1, 2017 1,245,284 577,530 Comprehensive income Profit for the period - - 68,050 - 570,037 8,823 - - 2,460,901 8,823 Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 8,823 - 8,823 Ending balance as at June 30, 2020 2017 1,245,284 577,530 75,360 742,642 2,640,816 68,050 578,860 - - - (37,358) - (37,358) - - - 22,668 - 22,668 2,469,724 Beginning balance as at January 1, 2019 1,245,284 2016 1,185,985 577,530 74,150 691,358 66,750 611,864 - 2,588,322 2,442,129 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - (6,589) - (6,589) Stock dividend 59,299 - - (59,299) - - Total comprehensive income for the period - - - 22,668 22,668 22,834 - 22,834 Ending balance as at June 30, 2019 2016 1,245,284 577,530 74,150 676,668 2,573,632 66,750 568,810 - 2,458,374 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 6,583 21,193 8,823 23,159 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 13,494 13,266 12,979 12,626 Unrealized gain from trading securities (12) (2) (12) (2) Doubtful Allowance for doubtful account - 980 4,404 - 980 4,404 (Gain) loss from sale and amortization of investment property fixed assets 5,875 (322) 5,875 (322) Loss from write-off account asset - 2,963 81 - 2,963 - Gain from written-off accounts payable and accrued expenses - (3,444) - (3,403) Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 880 1,897 880 1,897 Employee benefit expenses 1,698 2,292 1,620 2,184 2,002 1,827 1,920 1,738 Interest income (751,650) (7996) (741,648) (771,272) Interest expenses 17,571 21,060 17,483 20,948 31,821 44,563 31,803 44,059 Tax expenses (income) 14,490 3,521 14,444 3,445 4,573 6,124 4,573 6,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 63,576 89,491 65,203 89,329 Decrease (increase) in operating assets Trade accounts receivable (152) (4,441) - (4,404) Inventories 13,945 74,693 13,934 74,693 107,912 (284,634) 107,912 (284,634) Property development costs 230,356 74,755 230,356 74,755 148,072 371,990 148,072 372,178 Land held for development (87,438) (628) (87,438) (628) Deposit from purchase land - 508 (54,918) - 508 (54,918) Other current assets 1,256 2,526 1,214 2,668 2,742 (13,703) 1,140 (13,687) Other non-current assets (98140) 589 1,295 (98140) 789 1,295 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Consolidated Financial Statements Separate Financial Statements ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Increase (decrease) in operating liabilities Trade notes payable (8,387) (12,648) (8,387) (12,648) Trade accounts payable and other current payables 23,969 payable (2,86122,403) 26,846 (3,4263,139) (22,403) (2,121) Payable to related parties 4,777 11,374 3,073 11,278 Accrued expenses 4,222 (12,545) 4,213 (10,726) Advance received from customers (12,512) (2,913) (12,512) (2,913) Retention from contractors (305) 2,473 (179) 2,504 Other non-current liabilities 2,540 943 2,540 943 (24) (209) (9) (209) Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 200,040 86,845 198,645 89,696 ▇▇▇▇ received from interest income 75 79 74 76 18 96 15 121 Witholding taxes refunded from Revenue Department 95 95 - 80 - - Cash Income tax expenses paid for provision from purchasing the real estate project (2347,499) - - - (11,530) (7,435) (11,457) ▇▇▇▇ paid for provision for employee benefit obligations compensation for housing estate juristic persons (5,613) - (5,613) - Income tax expenses paid (9,525342) (15,41211,704) (9,481342) (15,36711,704) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH 192,217 63,787 190,883 66,656 CASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary short-term loan to related parties - - - (7,50037,000) Cash received from short-term loan to related parties - - 2,000 - Increase in short-term investments (37) (64) (37) (64) Proceeds from sales of fixed assets - 350 - 350 Cash paid for purchase of fixed assets (4,6701,741) (1,2853,388) (2,8571,741) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,8293,388) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,5111,695) (6,913398) (29,1971,695) (6,883398) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. “REVIEWED” CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ loans from the financial institutions (94,098753,488) 257,536 (63,743753,488) (94,098) (63,743) 257,536 Cash paid for liabilities under finance lease liabilities agreement (1,760417) (1729) (1,760417) (1729) Cash ▇▇▇▇ received from short-term loan a related party 306,000 - 306,000 - ▇▇▇▇ received from short-term loan from the shares fee payment in subsidiary 2,500 - - - director 74,000 20,000 74,000 20,000 Cash paid for short-term loan from other company - the directors (48,162155,000) - (48,16284,000) Cash paid for short-term loan a related party - (1,000155,000) - - Cash (49,000) ▇▇▇▇ received from long-term loans 178,043 259,267 178,043 259,267 1,431,507 229,169 1,431,507 229,169 Cash paid for long-term loans (370,3781,019,439) (272,694422,882) (370,3781,019,439) (272,694422,882) Interest paid (28,71450,672) (42,79364,932) (28,57650,672) (42,61564,934) Dividend paid - (37,3586,589) - (37,3586,589) Net cash provided by (used in) financing activities (314,407167,509) (206,48472,427) (316,769167,509) (205,30637,429) Net increase (decrease) in cash and cash equivalents 29,939 21,235 (12,10112,140) 29,894 21,901 (11,94811,273) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 13,240 29,700 10,782 24,111 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 34,475 17,560 32,683 12,838 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 ▇▇▇ ▇▇▇ ▇▇▇ 542 Cash at bank 56,363 16,511 48,420 14,068 34,028 17,018 32,236 12,296 Total 57,147 17,118 49,089 14,67534,475 17,560 32,683 12,838 Notes to interim financial statements form an integral part of these statements.
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10November 13, 2020 2023 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note Financial Statements As at June September As at December As at June September As at December Notes 30, 2020 2023 31, 2019 2022 30, 2020 2023 31, 2019 2022 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 6 212,387 135,106 78,430 72,721 Trade and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 286,083 216,130 1,292,022 1,229,307 Unbilled revenue from construction service 8 158,111 172,056 158,049 171,983 Property - 79,541 - - Real estate projects under development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 6,539,229 6,767,777 4,150,405 4,410,770 Deposits for land 10 - - - - Short-term loans to related parties 5 - - 1,271,068 1,341,613 Current tax assets 28,925 30,261 10,063 16,195 Other current financial assets 86 86 86 86 Other current assets 2,976 3,331 - - Total current assets 7,069,686 7,232,232 6,802,074 7,070,692 NON-CURRENT ASSETS Deposits at banks used as collateral 15.9 569,577 544,839 569,577 544,839 Investments in subsidiaries 11 - - 2,853,995 2,853,995 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 1,660,858 1,714,316 936,497 990,803 Investment in subsidiaries 12 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 properties 554,904 554,904 516,104 516,104 Property, plant and equipment 14 93,666 94,147 84,047 85,650 12 494,018 614,707 493,068 612,887 Right-of-use assets 15 12,367 13 298,059 305,972 13,090 10,946 Leasehold rights 14 2,557,977 2,146,541 - 12,367 - Intangible assets 16 4,260 4,653 4,148 4,528 4,197 5,477 3,743 4,724 Deferred tax assets 17 16,983 14,645 15,261 12,923 75,389 50,214 30,713 19,417 Retention receivables from construction 67,346 47,157 - - Other non-current assets 8,958 9,387 8,888 9,267 83,508 53,533 37,400 21,480 Total non-current assets 358,606 328,854 433,947 397,754 6,365,833 6,037,660 5,454,187 5,575,195 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 13,435,519 13,269,892 12,256,261 12,645,887 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September As at December Notes 30, 2023 31, 2022 30, 2023 31, 2022 CURRENT LIABILITIES Bank overdrafts and short-term loans from financial institutions 15.1 - 248,949 - 216,743 Trade and other current payables 918,451 531,127 709,399 672,480 Short-term loans from other persons 15.2 20,000 20,000 20,000 20,000 Short-term loans from other company 15.3 392,000 215,000 392,000 215,000 from financial institutions 15.5 417,157 461,118 31,800 136,733 from other company 15.7 - 17,750 - 17,750 Current portion of debentures 15.9 1,795,722 2,954,548 1,795,722 2,954,548 Current portion of lease liabilities 15.8 4,969 7,396 2,292 3,146 Short-term loans from related parties 5 - - 652,810 671,355 Short-term debentures 15.10 - 149,194 - 149,194 Construction retentions 238,222 224,726 143,267 151,623 Unrecognised income on installments due 124,213 78,129 2,299 29,891 Income tax payable 331 17,622 - - Other current liabilities 158,429 170,496 86,884 58,261 Total current liabilities 4,069,494 5,096,055 3,836,473 5,296,724 NON-CURRENT LIABILITIES Long-term loans from other persons 15.4 1,060,000 610,000 950,000 500,000 Long-term loans from financial institutions 15.5 224,042 160,912 127,250 151,100 Long-term loans from other company 15.7 - 162,000 - 162,000 Long-term loans from related party 5 - - 9,700 9,700 Debentures 15.9 4,585,371 3,505,518 4,585,371 3,505,518 Lease liabilities 15.8 308,548 306,886 5,239 3,467 Utilities guarantees 781 871 781 871 Provisions for employee benefit 100,667 94,129 96,622 90,601 Other non-current provisions - 24,350 - 24,350 Other non-current liabilities 75,356 70,419 34,063 33,580 Total non-current liabilities 6,354,765 4,935,085 5,809,026 4,481,187 TOTAL LIABILITIES 10,424,259 10,031,140 9,645,499 9,777,911 Current portion of long-term loans Current portion of long-term loans Notes to interim financial statements form an integral part of these statements. As at September As at December As at September As at December Notes 30, 2023 31, 2022 30, 2023 31, 2022 SHAREHOLDERS' EQUITY Authorised share capital 1,200,000,000 ordinary shares of Baht 1 each 1,200,000 1,200,000 1,200,000 1,200,000 Issued and paid-up share capital 980,000,000 ordinary shares of Baht 1 each 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS Appropriated Legal reserve 97,593 97,593 97,593 97,593 Unappropriated 1,044,457 1,212,192 643,959 841,416 Subordinated perpetual debentures 15.11 220,000 220,000 220,000 220,000 Other components of shareholders' equity - 59,757 - 59,757 TOTAL SHAREHOLDERS' EQUITY 3,011,260 3,238,752 2,610,762 2,867,976 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 13,435,519 13,269,892 12,256,261 12,645,887 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate Financial Statements Financial Statements Notes ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ 2022 Revenue from sale and construction service Revenue from sale of real estate 747,966 629,358 403,919 284,742 Revenue from construction service 149,714 63,954 - - Total revenues 897,680 693,312 403,919 284,742 Cost of sale and construction service Cost of sale of real estate 495,370 426,096 247,865 216,929 Cost of construction service 150,039 61,808 - - Total costs 645,409 487,904 247,865 216,929 Gross profit 252,271 205,408 156,054 67,813 Dividend income 5 - - 86,500 - Other income 5 10,145 29,368 46,521 73,599 Distribution costs 92,880 88,777 47,788 55,171 Administrative expenses 87,390 92,763 141,745 139,543 Loss from the disposal of property, plant and equipment 50,761 - 50,761 - Profit (loss) from operating activities 31,385 53,236 48,781 (53,302) Finance income 5 - - 24,289 25,301 Finance costs 5 82,946 80,433 157,387 100,919 Profit (loss) before income tax expense (51,561) (27,197) (84,317) (128,920) Income tax (income) expense (23,403) 9,874 (21,789) 3,686 PROFIT (LOSS) FOR THE PERIOD (28,158) (37,071) (62,528) (132,606) Other comprehensive income (loss) for the period - net of income tax - - - - TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD (28,158) (37,071) (62,528) (132,606) Notes to interim financial statements form an integral part of these statements. Profit (loss) attributable to In Thousand Baht Consolidated Separate Financial Statements Financial Statements Notes ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ 2022 Parent company (28,158) (37,071) (62,528) (132,606) Non-controlling interests - - - - (28,158) (37,071) (62,528) (132,606) Total comprehensive income (loss) attributable to Parent company Non-controlling interests (28,158) - (37,071) - (62,528) - (132,606) - (28,158) (37,071) (62,528) (132,606) Earnings (loss) per share Basic earnings (loss) per share (Baht per share) 18 (0.0321) (0.0412) (0.0672) (0.1387) Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate Financial Statements Financial Statements Notes ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ 2022 Revenue from sale and construction service Revenue from sale of real estate 1,743,635 2,326,280 845,302 1,166,152 Revenue from construction service 378,198 206,782 - - Total revenues 2,121,833 2,533,062 845,302 1,166,152 Cost of sale and construction service Cost of sale of real estate 1,225,774 1,536,858 583,116 795,619 Cost of construction service 377,003 172,971 - - Total costs 1,602,777 1,709,829 583,116 795,619 Gross profit 519,056 823,233 262,186 370,533 Dividend income 5 - - 236,000 - Other income 5 46,816 72,683 157,481 204,815 Distribution costs 284,070 257,231 152,706 166,740 Administrative expenses 265,392 285,307 365,875 326,060 Loss from the disposal of property, plant and equipment 50,761 - 50,761 - Profit (loss) from operating activities (34,351) 353,378 86,325 82,548 Finance income 5 - - 74,538 70,917 Finance costs 5 248,083 245,995 462,700 296,969 Profit (loss) before income tax expense (282,434) 107,383 (301,837) (143,504) Income tax (income) expense (30,255) 32,545 (19,936) 4,953 PROFIT (LOSS) FOR THE PERIOD (252,179) 74,838 (281,901) (148,457) Other comprehensive income (loss) for the period : Items that will not be reclassified to profit or loss Gain on land revaluation - net of income tax 12 34,560 - 34,560 - Other comprehensive income (loss) for the period - net of income tax 34,560 - 34,560 - TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD (217,619) 74,838 (247,341) (148,457) Notes to interim financial statements form an integral part of these statements. Profit (loss) attributable to In Thousand Baht Consolidated Separate Financial Statements Financial Statements Notes ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ 2022 Parent company (252,179) 74,838 (281,901) (148,457) Non-controlling interests - - - - (252,179) 74,838 (281,901) (148,457) Total comprehensive income (loss) attributable to Parent company Non-controlling interests (217,619) - 74,838 - (247,341) - (148,457) - (217,619) 74,838 (247,341) (148,457) Earnings (loss) per share Basic earnings (loss) per share (Baht per share) 18 (0.2674) 0.0663 (0.2977) (0.1616) Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Share Capital Note Shares debentures Surplus from asset revaluation-land, net Equity Beginning balance as at June As January 1, 2023 980,000 669,210 220,000 97,593 1,212,192 59,757 3,238,752 Profit (loss) for the period - - - - (252,179) - (252,179) Other comprehensive income (loss) for the period 12 - - - - - 34,560 34,560 Total comprehensive income for the period - - - - (252,179) 34,560 (217,619) Transfer the capital surplus from the disposed assets appriasal - - - - 94,317 (94,317) - Interest payment on subordinated perpetual debentures - - - - (9,873) - (9,873) Balance as at December As at June As at December Note September 30, 2020 312023 980,000 669,210 220,000 97,593 1,044,457 - 3,011,260 Beginning balance as at January 1, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from 2022 980,000 669,210 220,000 97,593 1,082,078 59,757 3,108,638 Profit (loss) for the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 period - - - - 74,838 - 74,838 Other comprehensive income (loss) for the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 period - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from comprehensive income for the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 period - 8,681 - Provision - - 74,838 - 74,838 Interest payment on subordinated perpetual debentures - - - - (9,873) - (9,873) Balance as at September 30, 2022 980,000 669,210 220,000 97,593 1,147,043 59,757 3,173,603 Comprehensive income for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision the period Comprehensive income for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 period Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paidPremium Subordinated Retained Earnings Other Components of Total Paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Ordinary perpetual Legal Reserve Unappropriated 737,765 669,306 742,642 671,780 Other components of shareholders' equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 NonShareholders' Note Share Capital Shares debentures Surplus from asset revaluation-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) land, net Equity Beginning balance as at January 1, 2023 980,000 669,210 220,000 97,593 841,416 59,757 2,867,976 Profit (loss) for the period 59,304 - - - - (9,583281,901) 61,226 - (9,936281,901) Other comprehensive income (loss) for the period 12 - - - - - 34,560 34,560 Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 - (9,583281,901) 61,226 34,560 (9,936247,341) Total comprehensive income attributable to Shareholders' equity of Transfer the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) capital surplus from the disposed assets appriasal - - - 59,304 - 94,317 (9,58394,317) 61,226 - Interest payment on subordinated perpetual debentures - - - - (9,9369,873) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 - (9,873) Balance as at September 30, 2023 980,000 669,210 220,000 97,593 643,959 - 2,610,762 Beginning balance as at January 1, 2022 980,000 669,210 220,000 97,593 868,687 59,757 2,895,247 Profit (loss) for the period - - - - (Baht per share148,457) 0.048 - (0.008148,457) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental Other comprehensive income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793148,457) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - (148,457) Interest payment on subordinated perpetual debentures - - - - (37,3589,873) 23,240 - (37,3589,873) - 23,240 - - (37,358) 23,240 Other comprehensive Balance as at September 30, 2022 980,000 669,210 220,000 97,593 710,357 59,757 2,736,917 Comprehensive income for the period - - - - - - - - Total comprehensive Comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ 2022 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period - Other comprehensive (252,179) 74,838 (281,901) (148,457) Adjustment to reconcile profit (loss) to be net cash received (paid) Adjusted income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - tax (37,358income) - expenses (37,35830,255) 32,545 (19,936) 4,953 Depreciation and amortization 17,682 21,219 14,631 18,021 Adjusted expected credit loss (reverse) (1,077) 2,553 172,474 93,359 Adjusted loss from decline in value of real estate projects under development (reverse) (2,502) (18,057) (2,502) (7,435) Adjusted loss from impairment of invesment in subsidairy (reverse) - - - 22,668 10,000 Adjusted on provisions for compensation for housing estate juristic persons (reverse) 4,822 5,819 1,577 2,385 Adjusted provisions for employee benefit obligations (reverse) 6,538 (13,862) 6,021 (8,699) Adjusted other current provisions (reverse) - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period (49,416) - - Adjusted other non-current provisions (reverse) (24,350) - (24,350) - Adjusted loss (gain) on disposal of property, plant and equipment 44,192 (134) 44,192 (134) Adjusted loss (gain) from discount on rental expenses (111) (27) - (27) Adjusted finance costs 248,083 245,995 462,700 296,969 Adjusted gain on written off trade and other current payables (9,944) - (5,512) - Adjusted trade and other current receivables (increase) decrease (72,950) 4,553 (168,110) (133,010) Adjusted unbilled revenue from construction service increase (decrease) 79,541 (27,373) - - Adjusted retention receivables from constructions increase (decrease) (20,189) (6,732) - - Total comprehensive income Adjusted real estate projects under development (increase) decrease 515,407 65,672 435,166 506,011 Adjusted deposits for the period land (increase) decrease - (64,000) - (64,000) Adjusted leasehold rights (increase) decrease (295,710) (171,003) - (171,003) Adjusted other current assets (increase) decrease 355 738 - - Adjusted other non-current assets (increase) decrease 285 619 275 561 Adjusted trade and other current payables increase (decrease) 364,753 84,413 (24,527) 54,920 Adjusted construction retentions increase (decrease) 13,496 2,257 (8,356) (10,790) Adjusted unearned revenue from construction increase (decrease) 287 587 - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 - Adjusted unrecognised income on installments due increase (decrease) 45,797 (40,206) (27,592) (61,359) Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ 2022 Adjusted other current liabilities increase (lossdecrease) for the period 66,666 23,240 70,862 22,668 to net (14,168) 9,374 27,794 10,331 Adjusted utilities guarantee increase (decrease) (90) (19) (90) (19) Adjusted other non-current liabilities increase (decrease) 2,253 (8,213) (228) (13,724) Adjusted loss of written off income tax paid - 356 - - Net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities 619,966 152,496 601,726 378,853 Dividend income - - (1236,000) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (752,554) (791,144) (7477,033) (7772,028) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses Long-term employee benefit paid - (income508) 14,490 3,521 14,444 3,445 - (508) Income from tax paid (49,776) (37,940) (10,064) (12,709) Net cash provided by (used in) operating activities before changes in operating assets 567,636 112,904 278,629 293,608 ▇▇▇▇ received from disposal of property, plant and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held equipment 108,119 293 108,119 293 Cash paid for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current purchase of equipment (1,563) (1,648) (1,007) (1,457) Cash paid for purchase of intangible assets (981225) 589 (981318) 789 - (318) Proceed from short-term loans to related parties - - (127,050) (426,729) Repayment of short-term loans to related parties - - 200,980 57,027 Interest received 2,554 1,144 2,495 30,835 (Increase) decrease in deposits at banks used as collateral (24,738) (112,971) (24,738) (112,971) Net cash provided by (used in) investing activities 84,147 (113,500) 158,799 (453,320) Cash received from proceeds from debentures 3,071,600 2,600,000 3,071,600 2,600,000 ▇▇▇▇ paid for repayment of debentures (3,131,268) (2,022,122) (3,131,268) (2,022,122) Cash paid for repayment of short-term debentures (150,000) - (150,000) - ▇▇▇▇ paid for transaction cost from issue of debenture (56,969) (52,601) (56,969) (52,601) Cash received from short-term loans from related parties - - 289,728 240,116 Cash paid for repayment of short-term loans from related parties - - (72,273) (18,500) ▇▇▇▇ received from long-term loans from financial institutions 538,097 448,884 - 48,157 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the Depreciation expense which include as a part of real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used Amortization of right-of-use assets which is included in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675
Appears in 1 contract
Sources: Review Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 109, 2020 2019 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June As at December As at June As at December 30, 2020 2019 31, 2019 2018 30, 2020 2019 31, 2019 2018 Cash and cash equivalents 57,147 27,210 49,089 19,195 17,118 29,219 14,675 26,623 Short-term investments 989 946 749 706 Trade and other current receivables 7 8,647 7,108 6,039 6,216 accounts receivable 91 - - - Short-term loan to related parties 4 - - - - Inventories 8 158,111 172,056 158,049 171,983 5 237,061 311,754 237,061 311,754 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 6 1,513,026 1,597,714 1,513,026 1,597,714 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 7 1,980,884 1,954,096 1,907,476 1,880,688 Other current assets 2,054 3,310 2,116 3,330 4 8,311 11,816 8,213 11,861 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 3,757,480 3,905,545 3,681,200 3,829,346 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Deposit pledged as collateral 8 10,000 9,242 10,000 9,242 Investment in subsidiaries 12 9 - - 86,864 79,364 71,864 71,864 Investment property 13 206,549 192,201 206,549 192,201 10 191,047 194,086 191,047 194,086 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - 11 102,629 106,705 102,597 106,698 Intangible assets 16 4,260 4,653 4,148 4,528 12 4,399 4,764 4,399 4,764 Witholding tax 12,671 11,178 12,577 10,989 Deferred tax assets 17 16,983 14,645 15,261 12,923 asstes 21 15,416 14,095 13,694 12,374 Other non-current assets 8,958 9,387 8,888 9,267 3,423 4,012 3,224 4,012 Total non-current assets 358,606 328,854 433,947 397,754 339,585 344,082 409,402 414,029 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,097,065 4,249,627 4,090,602 4,243,375 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675.
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10November 12, 2020 2018 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June September As at December As at June September As at December 30, 2020 2018 31, 2019 2017 30, 2020 2018 31, 2019 2017 Cash and cash equivalents 57,147 27,210 49,089 19,195 18,445 21,952 16,550 19,753 Short-term investments 704 702 704 702 Trade and other current receivables 7 8,647 7,108 6,039 6,216 accounts receivable 88 64 - - Short-term loan to related parties 4 - - - 55,000 Inventories 8 158,111 172,056 158,049 171,983 5 386,984 486,362 386,984 486,362 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 6 1,810,214 2,089,624 1,810,214 2,089,624 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 7 1,911,279 1,793,635 1,837,871 1,720,227 Other current assets 2,054 3,310 2,116 3,330 4 10,524 9,069 10,584 15,227 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 4,138,238 4,401,408 4,062,907 4,386,895 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Deposit pledged as collateral 8 9,217 9,157 9,217 9,157 Investment in subsidiaries 12 9 - - 86,864 79,364 71,864 11,864 Investment property 13 206,549 192,201 206,549 192,201 10 196,518 204,100 196,518 204,100 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - 11 110,019 117,765 110,011 117,733 Intangible assets 16 4,260 4,653 4,148 4,528 12 5,033 5,752 5,033 5,752 Witholding tax 11,167 17,989 10,989 17,754 Deferred tax assets 17 16,983 14,645 15,261 12,923 asstes 21 5,293 4,936 3,571 3,214 Other non-current assets 8,958 9,387 8,888 9,267 3,684 4,114 3,684 4,114 Total non-current assets 358,606 328,854 433,947 397,754 340,931 363,813 410,887 373,688 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,479,169 4,765,221 4,473,794 4,760,583 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June September As at December As at June September As at December Note 30, 2020 2018 31, 2019 2017 30, 2020 2018 31, 2019 2017 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 13 488,951 404,185 488,951 404,185 Trade notes payable 25,862 48,970 25,862 48,970 Trade accounts payable and other current payables payable 66,761 85,714 66,525 85,714 Payable to related parties 4 42,633 42,641 44,331 44,285 Accrued expenses 4 26,151 38,228 26,050 37,112 Corporate income tax payable 384 - 384 - Current portion of liabilities under the finance lease agreement Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 14 210 821 210 821 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - 15 215,036 146,111 215,036 146,111 Short-term loan from other company 16 105,228 162,125 105,228 162,125 Short-term loan from related parties 6 219,000 219,000 219,000 219,000 4 273,000 276,000 273,000 276,000 Short-term loan from the director 6 2,500 2,500 4 3,000 16,900 - - 16,900 Advance received from customers 4,303 5,856 4,303 5,856 Retention from contractors 76,930 81,796 76,671 81,537 Other current liabilities 7 101,619 521 101,514 443 Total current liabilities 838,493 1,053,554 834,933 1,047,095 1,430,068 1,309,868 1,428,065 1,310,059 NON-CURRENT LIABILITIES Liabilities under the finance lease agreement 14 - 14 - 14 Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee 15 430,300 879,590 430,300 879,590 Employee benefit obligations 22 61,434 64,930 59,632 63,222 17 41,189 38,009 39,958 36,904 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision 18 19,085 16,255 19,085 16,255 Liabilities from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 19 32,147 32,147 28,604 28,604 Total non-current liabilities 452,695 477,191 447,584 471,940 522,721 966,015 517,947 961,367 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 1,952,789 2,275,883 1,946,012 2,271,426 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June September As at December As at June September As at December 30, 2020 2018 31, 2019 2017 30, 2020 2018 31, 2019 2017 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 69,150 69,150 69,150 69,150 Unappropriated 737,765 669,306 742,642 671,780 634,416 597,374 635,818 597,193 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 2,526,380 2,489,338 2,527,782 2,489,157 Non-controlling interests 5,181 4,474 - - - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 2,526,380 2,489,338 2,527,782 2,489,157 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 4,479,169 4,765,221 4,473,794 4,760,583 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 304,661 369,953 304,661 369,953 Rental income and service 2,884 5,296 1,528 4,099 5,714 5,386 4,365 4,193 Other income 6 2,303 1,497 2,047 1,515 4 3,184 2,528 3,127 3,342 Total Revenues 525,323 219,934 523,711 218,755 313,559 377,867 312,153 377,488 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 4 194,337 235,405 194,337 235,405 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 5,289 5,318 4,411 4,458 Selling expenses 41,185 49,111 41,185 49,111 Administrative expenses 6 54,413 42,894 53,404 43,077 4 35,769 41,044 35,545 40,526 Management benefit expenses 4 8,330 7,986 8,330 7,986 Finance costs 4 15,187 31,041 14,702 31,032 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 300,097 369,905 298,510 368,518 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) 13,462 7,962 13,643 8,970 Tax expenses (income) 25 13,100 2,779 (3,7073,226) 13,056 2,779 (3,7833,226) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) 10,683 11,188 10,864 12,196 Other comprehensive income Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) 10,683 11,188 10,864 12,196 Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 10,683 11,188 10,864 12,196 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 10,683 11,188 10,864 12,196 Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 10,683 11,188 10,864 12,196 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 10,683 11,188 10,864 12,196 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 20 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) 0.009 0.009 0.009 0.010 Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 1,098,231 1,074,401 1,098,231 1,074,401 Rental income and service 5,295 10,755 3,684 8,268 16,674 15,530 12,736 12,468 Other income 6 4,202 2,947 3,933 2,977 4 7,188 7,383 8,628 9,699 Total Revenues 858,613 628,402 856,733 625,945 1,122,093 1,097,314 1,119,595 1,096,568 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 4 711,088 709,341 711,088 709,341 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 15,817 16,204 12,974 12,962 Selling expenses 150,134 137,309 150,134 137,309 Administrative expenses 6 100,626 89,985 98,887 90,113 4 113,985 128,595 113,331 127,870 Management benefit expenses 4 25,391 23,885 25,391 23,885 Finance costs 4 57,091 62,862 56,507 62,835 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 1,073,506 1,078,196 1,069,425 1,074,202 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 48,587 19,118 50,170 22,366 Tax expenses (income) 25 14,490 3,521 14,444 3,445 21.2 11,545 1,347 11,545 1,347 Profit (loss) for the period 66,666 23,240 70,862 22,668 37,042 17,771 38,625 21,019 Other comprehensive income Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income 66,666 23,240 70,862 22,668 for the period 37,042 17,771 38,625 21,019 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 37,042 17,771 38,625 21,019 Non-controlling interests (1,793) - - - - 37,042 17,771 38,625 21,019 Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 37,042 17,771 38,625 21,019 Non-controlling interests (1,793) - - - - 37,042 17,771 38,625 21,019 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 20 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 0.030 0.014 0.031 0.017 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated components paid-up legal reserve component of equity s Beginning balance as at January 1, 2020 2018 1,245,284 577,530 75,360 669,306 69,150 597,374 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary 2,489,338 - 2,489,338 Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - 37,042 - - - 37,042 - - - 37,042 - Total comprehensive income for the period - - - 37,042 - 37,042 - 37,042 Ending balance as at September 30, 2018 1,245,284 577,530 69,150 634,416 - 2,526,380 - 2,526,380 Beginning balance as at January 1, 2017 1,245,284 577,530 68,050 574,461 - 2,465,325 - 2,465,325 Comprehensive income Profit for the period - - Other comprehensive income for the period - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 - 17,771 - 17,771 - - - 17,771 - 17,771 - - - 17,771 - 17,771 Ending balance as at June September 30, 2020 2017 1,245,284 577,530 75,360 737,765 68,050 592,232 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 2,483,096 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 2,483,096 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 69,150 597,193 - 2,569,954 2,489,157 - - 70,862 38,625 - 70,862 38,625 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 38,625 38,625 Ending balance as at June September 30, 2020 2018 1,245,284 577,530 75,360 742,642 2,640,816 69,150 635,818 2,527,782 577,530 68,050 570,037 - 2,460,901 - - 21,019 - (37,358) - (37,358) - - - 22,668 - 22,668 21,019 Beginning balance as at January 1, 2019 2017 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 21,019 21,019 Ending balance as at June September 30, 2019 2017 1,245,284 577,530 74,150 676,668 2,573,632 68,050 591,056 2,481,920 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 2018 2017 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 37,042 17,771 38,625 21,019 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 18,016 19,841 17,992 19,074 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 fixed assets (2) (3) (2) (3) Allowance for loss on impairment of fixed assets (reverse) 2,338 5,875 2,413 5,875 Provision for compensation for housing estate (1,889) - (1,889) - juristic persons 1,751 866 1,751 866 2,830 1,265 2,830 1,265 Employee benefit expenses 1,698 2,292 1,620 2,184 2,523 3,004 2,418 2,880 Interest income (751,558) (792,473) (741,554) (772,469) Interest expenses 17,571 21,060 17,483 20,948 57,091 62,862 56,507 62,835 Tax expenses (income) 14,490 3,521 14,444 3,445 11,545 1,347 11,545 1,347 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 127,936 109,489 128,885 111,823 Decrease (increase) in operating assets Trade accounts receivable (24) (107) - - Inventories 13,945 74,693 13,934 74,693 99,378 127,113 99,378 127,113 Property development costs 230,356 74,755 230,356 74,755 272,927 146,611 272,927 146,611 Land held for development (78,774) - 508 (78,774) - 508 Deposit from purchase land - - - - Other current assets 1,256 2,526 1,214 2,668 (7,514) 5,264 (1,416) 2,817 Other non-current assets 430 (98117) 589 430 (98117) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 2018 2017 2018 2017 Increase (decrease) in operating liabilities Trade notes payable (23,108) 9,120 (23,108) 9,120 Trade accounts payable and other current payables 23,969 payable (2,86118,953) 26,846 (3,42625,307) (19,189) (25,306) Payable to related parties (8) (13,654) 46 (15,359) Accrued expenses (6,377) 3,240 (6,375) 3,317 Advance received from customers (1,553) (13,132) (1,553) (13,132) Retention from contractors (4,866) 95 (4,866) 221 Other non-current liabilities 2,540 943 2,540 943 101,098 (10) 101,071 8 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 460,592 348,705 467,456 347,216 ▇▇▇▇ received from interest income 75 79 74 76 7,618 82 7,614 78 Witholding taxes refunded from Revenue Department 95 95 6,890 169 6,765 - - Cash Income tax expenses paid for provision from purchasing the real estate project (23411,586) - - - (11,272) (11,519) (11,186) ▇▇▇▇ paid for provision for employee benefit obligations compensation for housing estate juristic persons - (5,613342) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367342) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 463,514 337,342 470,316 335,766 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - 55,000 2,000 Increase in temporary investment short-term investments (160) (41) - (40) Increase in restricted deposits with financial institutions (2,00255) (75860) (2,00255) Proceeds from sales of fixed assets 155 - 80 - Cash paid for purchase of fixed assets (2,492) (7584,910) (2,492) (4,910) Cash paid for purchase of intangible assets (81) (1,715) (81) (1,715) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (2760,000) - Net cash provided by (used in) investing activities (23,5112,478) (6,9136,680) (29,1977,553) (6,8834,680) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. “REVIEWED” CASH FLOWS FROM FINANCING ACTIVITIES In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2018 2017 2018 2017 Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions 84,766 (94,098773,285) 84,766 (63,743) (94,098) (63,743773,285) Cash paid for liabilities under finance lease liabilities agreement (1,760626) (1625) (1,760626) (1625) Cash received from short-term loan the shares fee payment in subsidiary 2,500 - - - other company 50,000 170,000 50,000 170,000 Cash paid for short-term loan from other company - (48,162106,897) - (48,16234,876) (106,897) (34,876) ▇▇▇▇ received from short-term loan a related party 51,100 306,000 51,100 306,000 Cash paid for short-term loan a related party - (1,00054,100) - - Cash (30,000) (54,100) (30,000) ▇▇▇▇ received from short-term loan from the director 55,600 165,000 1,500 165,000 ▇▇▇▇ paid for short-term loan from the directors (69,500) (246,000) (18,400) (246,000) ▇▇▇▇ received from long-term loans 178,043 259,267 178,043 259,267 362,564 861,523 362,564 861,523 Cash paid for long-term loans (370,378742,929) (272,694642,727) (370,378742,929) (272,694642,727) Interest paid (28,71494,521) (42,79381,134) (28,57692,944) (42,615) Dividend paid - (37,358) - (37,35881,134) Net cash provided by (used in) financing activities (314,407464,543) (206,484306,124) (316,769465,966) (205,306306,124) Net increase (decrease) in cash and cash equivalents 29,939 (12,1013,507) 29,894 24,538 (11,9483,203) 24,962 Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 21,952 13,240 19,753 10,782 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 18,445 37,778 16,550 35,744 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash 827 437 827 437 ▇▇▇▇ at bank 56,363 16,511 48,420 14,068 17,618 37,341 15,723 35,307 Total 57,147 17,118 49,089 14,67518,445 37,778 16,550 35,744 2) In the third quarter of 2018, the Company had transferred the land development cost amounted Baht 40.57 million as a part of land held for development and in the periods 2017, the Company had transferred land held for development as part of property development costs in value of Baht 385.12 million. Notes to interim financial statements form an integral part of these statements.
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10November 9, 2020 2022 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note Financial Statements As at June September As at December As at June September As at December Notes 30, 2020 2022 31, 2019 2021 30, 2020 2022 31, 2019 2021 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 6 82,559 503,425 29,808 302,341 Trade and other current receivables 5, 7 8,647 7,108 6,039 6,216 Inventories 168,311 176,585 1,234,101 1,154,363 Unbilled revenue from construction service 8 158,111 172,056 158,049 171,983 Property 86,199 58,826 - - Real estate projects under development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held 6,859,840 6,523,486 4,496,415 4,828,560 Deposits for development land 10 1,594,281 1,673,191 1,520,873 1,599,783 - 126,590 - 126,590 Short-term loans to related parties 5 - - 1,431,514 1,056,164 Current tax assets 22,437 34,886 12,709 15,762 Other current financial assets 956 954 714 712 86 86 86 86 Other current assets 2,054 3,310 2,116 3,330 4,517 5,256 - - Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 7,223,949 7,429,140 7,204,633 7,483,866 NON-CURRENT ASSETS Restricted deposits with financial institutions Deposits at banks used as collateral 11 15,823 13,821 15,823 13,821 Investment 566,991 454,020 566,991 454,020 Investments in subsidiaries 12 - - 86,864 79,364 354,995 364,995 Land held for development 9 1,730,307 1,737,497 1,008,903 865,082 Investment property 13 206,549 192,201 206,549 192,201 properties 382,564 382,564 343,764 343,764 Property, plant and equipment 14 93,666 94,147 84,047 85,650 13 620,894 636,202 616,973 628,468 Right-of-use assets 14 432,545 448,225 426,481 444,622 Leasehold rights 15 12,367 - 12,367 - 1,954,461 1,687,004 1,954,461 1,687,004 Intangible assets 16 4,260 4,653 4,148 4,528 6,107 7,703 5,215 6,397 Deferred tax assets 17 16,983 14,645 15,261 12,923 35,893 43,811 23,683 28,636 Retention receivables from construction 43,083 36,351 - - Other non-current assets 8,958 9,387 8,888 9,267 54,336 20,426 26,440 11,238 Total non-current assets 358,606 328,854 433,947 397,754 5,827,181 5,453,803 5,327,906 4,834,226 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 13,051,130 12,882,943 12,532,539 12,318,092 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675loans
Appears in 1 contract
Sources: Review Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August November 10, 2020 2017 (Mr. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇) Certified Public Accountant Registration No. 4752 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June September As at December As at June September As at December 30, 2020 2017 31, 2019 2016 30, 2020 2017 31, 2019 2016 Cash and cash equivalents 57,147 27,210 49,089 19,195 37,778 13,240 35,744 10,782 Short-term investments 699 696 699 696 Trade and other current receivables 7 8,647 7,108 6,039 6,216 accounts receivable 107 - - - Short-term loan to related parties 4 - - 55,000 57,000 Inventories 8 158,111 172,056 158,049 171,983 5 495,761 622,874 495,761 622,874 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 6 2,162,945 2,608,548 2,162,945 2,608,548 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 7 1,793,635 1,464,839 1,720,227 1,391,431 Other current assets 2,054 3,310 2,116 3,330 4 9,143 20,336 14,475 23,221 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 4,500,068 4,730,533 4,484,851 4,714,552 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Deposit pledged as collateral 8 8,279 8,223 8,279 8,223 Investment in subsidiaries 12 9 - - 86,864 79,364 11,864 11,864 Investment property 13 206,549 192,201 206,549 192,201 10 206,655 214,237 206,655 214,237 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - 11 120,512 123,737 119,980 122,438 Intangible assets 16 4,260 4,653 4,148 4,528 12 5,739 4,930 5,739 4,930 Witholding tax 12,181 6,756 11,968 6,457 Deferred tax assets 17 16,983 14,645 15,261 12,923 asstes 21 8,898 4,569 7,177 2,848 Other non-current assets 8,958 9,387 8,888 9,267 4,108 4,091 4,108 4,092 Total non-current assets 358,606 328,854 433,947 397,754 366,372 366,543 375,770 375,089 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,866,440 5,097,076 4,860,621 5,089,641 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June September As at December As at June September As at December Note 30, 2020 2017 31, 2019 2016 30, 2020 2017 31, 2019 2016 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 13 397,902 1,171,188 397,902 1,171,188 Trade notes payable 56,614 47,494 56,614 47,494 Trade accounts payable and other current payables payable 81,442 106,749 81,442 106,748 Payable to related parties 4 25,679 39,333 27,296 42,655 Accrued expenses 4 29,943 15,287 28,849 14,115 Current portion of liabilities under the finance lease agreement Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 14 809 829 809 829 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 15 168,354 329,998 168,354 329,998 Short-term loan from other company 16 135,124 - 4,323 - Accrued income tax 7,347 - 7,303 135,124 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 4 276,000 - 276,000 - Short-term loan from the director 6 2,500 2,500 4 - 81,000 - 81,000 Advance received from customers 10,520 23,654 10,520 23,653 Retention from contractors 80,407 80,311 80,148 79,927 Other current liabilities 486 496 418 409 Total current liabilities 838,493 1,053,554 834,933 1,047,095 1,263,280 1,896,339 1,263,476 1,898,016 NON-CURRENT LIABILITIES Liabilities under the finance lease agreement 14 234 840 234 840 Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee 15 1,028,136 647,696 1,028,136 647,696 Employee benefit obligations 22 61,434 64,930 59,632 63,222 17 43,779 39,885 42,483 38,740 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision Liabilities from purchasing the real 18 15,768 14,844 15,768 14,844 estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 19 32,147 32,147 28,604 28,604 Total non-current liabilities 452,695 477,191 447,584 471,940 1,120,064 735,412 1,115,225 730,724 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 2,383,344 2,631,751 2,378,701 2,628,740 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June September As at December As at June September As at December 30, 2020 2017 31, 2019 2016 30, 2020 2017 31, 2019 2016 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 68,050 68,050 68,050 68,050 Unappropriated 737,765 669,306 742,642 671,780 592,232 574,461 591,056 570,037 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 2,483,096 2,465,325 2,481,920 2,460,901 Non-controlling interests 5,181 4,474 - - - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 2,483,096 2,465,325 2,481,920 2,460,901 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 4,866,440 5,097,076 4,860,621 5,089,641 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 369,953 287,467 369,953 287,467 Rental income and service 2,884 5,296 1,528 4,099 5,386 4,930 4,193 4,063 Other income 6 2,303 1,497 2,047 1,515 4 2,528 1,691 3,342 2,555 Total Revenues 525,323 219,934 523,711 218,755 377,867 294,088 377,488 294,085 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 4 235,405 197,728 235,405 197,729 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 5,318 4,560 4,458 3,710 Selling expenses 49,111 39,463 49,111 39,463 Administrative expenses 6 54,413 42,894 53,404 43,077 4 41,044 41,989 40,526 41,389 Management benefit expenses 4 7,986 7,693 7,986 7,693 Finance costs 4 31,041 9,973 31,032 9,964 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 369,905 301,406 368,518 299,948 Income (loss) before tax expenses 72,404 7,962 (13,2907,318) 74,282 8,970 (13,7195,863) Tax expenses (income) 25 13,100 21 (3,7073,226) 13,056 (3,7831,223) (3,226) (1,063) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Items that will not be reclassified to profit or loss 11,188 (6,095) 12,196 (4,800) Actuarial loss from post-employee benefit, net of income tax Items that may be reclassified subsequently to profit or loss Total comprehensive income for the period 59,304 17 - - - - - - - - 11,188 (9,5836,095) 61,226 12,196 (9,9364,800) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 11,188 (9,5836,095) 61,226 12,196 (9,9364,800) Non-controlling interests (806) - - - 59,304 - 11,188 (9,5836,095) 61,226 12,196 (9,9364,800) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 11,188 (9,5836,095) 61,226 12,196 (9,9364,800) Non-controlling interests (806) - - - 59,304 - 11,188 (9,5836,095) 61,226 12,196 (9,9364,800) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit 20 Basic earning (loss) for the period per share (Baht per share) 0.048 0.009 (0.0080.005) 0.049 0.010 (0.0080.004) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 1,074,401 1,071,470 1,074,401 1,071,470 Rental income and service 5,295 10,755 3,684 8,268 15,530 15,552 12,468 12,500 Other income 6 4,202 2,947 3,933 2,977 4 7,383 10,803 9,699 12,840 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES 1,097,314 1,097,825 1,096,568 1,096,810 XPENSES Cost of sales 6 554,025 410,217 554,025 410,217 4 709,341 722,631 709,341 722,820 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 16,204 15,614 12,962 12,853 Selling expenses 137,309 130,621 137,309 130,621 Administrative expenses 6 100,626 89,985 98,887 90,113 4 128,595 131,522 127,870 129,850 Management benefit expenses 4 23,885 22,902 23,885 22,902 Finance costs 4 62,862 54,536 62,835 54,023 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 1,078,196 1,077,826 1,074,202 1,073,069 E Income (loss) before tax expenses 81,156 26,761 85,306 26,113 19,118 19,999 22,366 23,741 Tax expenses (income) 25 14,490 3,521 14,444 3,445 21 1,347 4,901 1,347 5,382 Profit (loss) for the period 66,666 23,240 70,862 22,668 17,771 15,098 21,019 18,359 Other comprehensive income Items that will not be reclassified to profit or loss Actuarial loss from post-employee benefit, net of income tax 17 - (331) - (325) Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income 66,666 23,240 70,862 22,668 for the period 17,771 14,767 21,019 18,034 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 17,771 15,098 21,019 18,359 Non-controlling interests (1,793) - - - - 17,771 15,098 21,019 18,359 Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 17,771 14,767 21,019 18,034 Non-controlling interests (1,793) - - - - 17,771 14,767 21,019 18,034 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit 20 Basic earning (loss) for the period per share (Baht per share) 0.055 0.019 0.057 0.018 0.014 0.012 0.017 0.015 Notes to interim financial statements form an integral part of these statements. - 7 - N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2017 “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 2017 1,245,284 577,530 75,360 669,306 68,050 574,461 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary 2,465,325 - 2,465,325 Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 - 17,771 - 17,771 - - - 17,771 - 17,771 - - - 17,771 - 17,771 Ending balance as at June September 30, 2020 2017 1,245,284 577,530 75,360 737,765 68,050 592,232 - 2,635,939 5,181 2,641,120 2,483,096 - 2,483,096 Beginning balance as at January 1, 2019 1,245,284 2016 1,185,985 577,530 74,150 688,675 66,750 621,256 - 2,585,639 2,451,521 - 2,585,639 2,451,521 Dividend paid - - - (6,589) - (6,589) - (6,589) Stock dividend 59,299 - - (59,299) - - - - Comprehensive income Profit for the period - - - 15,098 - 15,098 - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 15,098 Other comprehensive income for the period - - - (331) - (331) - - - - (331) Total comprehensive income for the period - - - 23,240 14,767 - 23,240 14,767 - 23,240 14,767 Ending balance as at June September 30, 2019 2016 1,245,284 577,530 74,150 674,557 66,750 570,135 - 2,571,521 2,459,699 - 2,571,521 2,459,699 Notes to interim financial statements form an integral part of these statements. N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2017 “UNAUDITED” “REVIEWED” In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 2017 1,245,284 577,530 Comprehensive income Profit for the period - - 68,050 - 570,037 21,019 - - 2,460,901 21,019 Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 21,019 - 21,019 Ending balance as at June September 30, 2020 2017 1,245,284 577,530 75,360 742,642 2,640,816 68,050 591,056 - - - (37,358) - (37,358) - - - 22,668 - 22,668 2,481,920 Beginning balance as at January 1, 2019 1,245,284 2016 1,185,985 577,530 74,150 691,358 66,750 611,864 - 2,588,322 2,442,129 Dividend paid - - - (6,589) - (6,589) Stock dividend Comprehensive income 59,299 - - (59,299) - - Profit for the period - - - 18,359 - 18,359 Other comprehensive income for the period - - - (325) - - - (325) Total comprehensive income for the period - - - 22,668 22,668 18,034 - 18,034 Ending balance as at June September 30, 2019 2016 1,245,284 577,530 74,150 676,668 2,573,632 66,750 564,010 - 2,453,574 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 17,771 15,098 21,019 18,359 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 19,841 20,023 19,074 19,074 Unrealized gain from trading securities (13) (23) (13) (23) Doubtful Allowance for doubtful account - 980 4,404 - 980 4,404 (Gain) loss from sale and amortization of investment property fixed assets 5,875 (322) 5,875 (322) Loss from write-off account asset - 2,963 81 - 2,963 - Gain from written-off accounts payable and accrued expenses - (3,444) - (3,403) Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 1,265 2,283 1,265 2,283 Employee benefit expenses 1,698 2,292 1,620 2,184 3,004 2,739 2,880 2,606 Interest income (752,473) (79139) (742,469) (772,141) Interest expenses 17,571 21,060 17,483 20,948 62,862 54,536 62,835 54,023 Tax expenses (income) 14,490 3,521 14,444 3,445 1,347 4,901 1,347 5,382 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 109,489 100,157 111,823 100,262 Decrease (increase) in operating assets Trade accounts receivable (107) (4,431) - (4,404) Inventories 13,945 74,693 13,934 74,693 127,113 (212,596) 127,113 (212,596) Property development costs 230,356 74,755 230,356 74,755 146,611 327,935 146,611 328,124 Land held for development - 508 (14,427) - 508 (14,427) Deposit from purchase land - (61,418) - (61,418) Other current assets 1,256 2,526 1,214 2,668 5,264 (13,054) 2,817 (12,995) Other non-current assets (98117) 589 1,145 (98117) 789 1,145 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Consolidated Financial Statements Separate Financial Statements ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Increase (decrease) in operating liabilities Trade notes payable 9,120 23,633 9,120 23,633 Trade accounts payable and other current payables 23,969 payable (2,86125,307) 26,846 (3,4265,920) (25,306) (4,800) Payable to related parties (13,654) 12,139 (15,359) 12,292 Accrued expenses 3,240 (21,545) 3,317 (19,774) Advance received from customers (13,132) 832 (13,132) 832 Retention from contractors 95 1,449 221 1,600 Other non-current liabilities 2,540 943 2,540 943 (10) 66 8 (34) Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 348,705 133,965 347,216 137,440 ▇▇▇▇ received from interest income 75 79 74 76 82 139 78 124 Witholding taxes refunded from Revenue Department 95 95 169 80 - - Cash Income tax expenses paid for provision from purchasing the real estate project (23411,272) - - - (14,474) (11,186) (14,378) ▇▇▇▇ paid for provision for employee benefit obligations compensation for housing estate juristic persons (5,613342) (11,703) (342) (11,703) ▇▇▇▇ paid for libilities from purchasing the real estate project - (10,950) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,36710,950) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH 337,342 97,057 335,766 100,533 CASH FLOWS FROM INVESTING ACTIVITIES Cash paid for short-term loan to related parties - - - (35,500) Cash received from short-term loan to related parties - - 2,000 - Increase in temporary short-term investments (55) 4,617 (55) 4,617 Increase in investment property - (1) (4114) - (4014) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase Proceeds from sales of capital in subsidiary fixed assets - 350 - (7,500) - 350 Cash paid for purchase of fixed assets (4,6704,910) (1,2854,167) (2,8574,910) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,8294,167) Cash paid for purchase of intangible assets (271,715) - (27397) - (1,715) (397) Net cash provided by (used in) investing activities (23,5116,680) 389 4,680 (6,91335,111) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. “REVIEWED” N.C. HOUSING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES THE STATEMENTS OF CASH FLOWS (CONT.) FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2017 CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ loans from the financial institutions (94,098773,285) 326,167 (63,743773,285) (94,098) (63,743) 326,167 Cash paid for liabilities under finance lease liabilities agreement (1,760625) (11,046) (1,760625) (11,046) Cash received from the shares fee payment in subsidiary 2,500 short-term loan from other company 170,000 - - 170,000 - Cash paid for short-term loan from other company - (48,16234,876) - (48,16234,876) - ▇▇▇▇ received from short-term loan a related party 306,000 - 306,000 - Cash paid for short-term loan a from related party (30,000) - (1,00030,000) - - ▇▇▇▇ received from short-term loan from the director 165,000 95,000 165,000 95,000 Cash paid for short-term loan from the directors (246,000) (159,000) (246,000) (124,000) ▇▇▇▇ received from long-term loans 178,043 259,267 178,043 259,267 861,523 398,347 861,523 398,347 Cash paid for long-term loans (370,378642,727) (272,694673,674) (370,378642,727) (272,694673,674) Interest paid (28,71481,134) (42,79395,586) (28,57681,134) (42,61595,588) Dividend paid - (37,3586,589) - (37,3586,589) Net cash provided by (used in) financing activities (314,407306,124) (206,484116,381) (316,769306,124) (205,30681,383) Net increase (decrease) in cash and cash equivalents 29,939 24,538 (12,10118,935) 29,894 24,962 (11,94815,961) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 13,240 29,700 10,782 24,111 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 37,778 10,765 35,744 8,150 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 437 552 437 552 Cash at bank 56,363 16,511 48,420 14,068 37,341 10,213 35,307 7,598 Total 57,147 17,118 49,089 14,67537,778 10,765 35,744 8,150
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10May 12, 2020 2023 In Thousand Baht Consolidated Financial Statements financial statements Separate Financial Statements CURRENT ASSETS Note financial statements As at June March As at December As at June March As at December 30, 2020 Notes 31, 2019 30, 2020 2023 31, 2019 2022 31, 2023 31, 2022 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 5 20,100 15,709 1,674 7,038 Trade and other current receivables 4, 6 182,821 247,033 66,144 144,069 Contract assets 7 8,647 7,108 6,039 6,216 2,714,546 2,742,292 593,421 552,996 Short-term loans to related parties 4 14,778 17,969 2,778 2,778 Advances paid to subcontractors under construction contracts 4 345,361 354,246 27,267 23,597 Inventories 8 158,111 172,056 158,049 171,983 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 1,608 1,608 1,608 1,608 Withholding tax deducted at source 91,655 122,856 43,696 79,857 Other current assets 2,054 3,310 2,116 3,330 52,542 49,702 14,335 10,613 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 3,423,411 3,551,415 750,923 822,556 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment at banks 9 53,774 53,552 26,336 26,115 Long-term loans to related parties 4 - - - - Investments in subsidiaries 12 10 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 477,372 477,372 Investments in associate 11 - - - - Investments in joint ventures 12 123,197 123,991 115,375 115,375 Property, plant and equipment 14 93,666 94,147 84,047 85,650 13 558,258 571,987 534,304 547,389 Right-of-use assets 15 12,367 - 12,367 - 14 12,449 14,673 11,337 12,970 Intangible assets 16 4,260 4,653 4,148 4,528 8,551 9,097 8,361 8,899 Deferred tax assets 17 16,983 14,645 15,261 12,923 20,707 20,508 17,865 17,583 Other non-current assets 8,958 9,387 8,888 9,267 8,591 8,168 1,469 1,575 Total non-current assets 358,606 328,854 433,947 397,754 785,527 801,976 1,192,419 1,207,278 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,208,938 4,353,391 1,943,342 2,029,834 Notes to interim financial statements form an integral part of these statements. CURRENT LIABILITIES In Thousand Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Notes 31, 2023 31, 2022 31, 2023 31, 2022 Bank overdrafts and short-term loans from financial institutions 15 962,862 939,909 268,902 307,403 Trade and other current payables 4, 16 746,897 788,919 394,998 407,216 Unbilled payable 1,101,432 1,174,282 141,260 147,489 Contract liabilities 7 545,621 617,556 62,471 87,180 Short-term loans from related person or parties 4 68,300 73,300 699,614 712,214 Accounts payable - retention under construction contracts 4 304,140 284,930 33,779 32,843 Provision for liabilities under construction projects 17 63,686 64,486 61,463 61,463 Current portion of lease liabilities 18 7,195 10,379 5,712 6,784 Income tax payable 736 239 - - Other current liabilities 32,922 33,671 12,704 8,606 Total current liabilities 3,833,791 3,987,671 1,680,903 1,771,198 NON-CURRENT LIABILITIES Lease liabilities 18 6,564 7,804 6,449 7,494 Non-current provisions for employee benefits 19 40,904 38,705 28,916 27,188 Provision for litigation 24 20,000 2,494 20,000 2,494 Non-other current liabilities 4 13,890 13,890 - - Total non-current liabilities 81,358 62,893 55,365 37,176 TOTAL LIABILITIES 3,915,149 4,050,564 1,736,268 1,808,374 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements financial statements Separate Financial Statements financial statements Notes As at June March 31, 2023 As at December 31, 2022 As at June March 31, 2023 As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts 2022 Share capital Registered 9,587,146,838 ordinary shares of Baht 0.125 each 1,198,393 1,198,393 1,198,393 1,198,393 Issued and shortpaid-term loans from up 9,587,146,838 ordinary shares of Baht 0.125 each 1,198,393 1,198,393 1,198,393 1,198,393 Share premium - - - - Other deficit Retained earnings (deficits) Appropriated - statutory reserve The Company - - - - - - - - Subsidiary - - - - Unappropriated (922,699) (913,845) (991,319) (976,933) Other components of shareholders' equity 15,634 15,818 - - Equity attributable to owners of the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion Company 291,328 300,366 207,074 221,460 Non-controlling interests of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 subsidiaries 2,461 2,461 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 shareholders' equity 293,789 302,827 207,074 221,460 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 AND SHAREHOLDERS' EQUITY 4,208,938 4,353,391 1,943,342 2,029,834 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements financial statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 financial statements Notes ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ 2022 REVENUES 4 Construction services income 633,104 833,869 273,330 288,622 Other components of equity services income 1,318 1,318 - - Sales income - 1,600 - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 Interest income 361 320 17 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 2,106 3,597 5,393 5,009 Total Revenues 525,323 219,934 523,711 218,755 revenues 636,889 840,704 278,740 293,631 EXPENSES Cost of construction services 4 568,496 784,277 230,986 261,642 Cost of other services 851 939 - - Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 - 1,222 - - Administrative expenses 6 54,413 42,894 53,404 43,077 61,876 71,308 46,280 50,777 Total Expenses 444,882 223,442 441,435 222,744 Income expenses 631,223 857,746 277,266 312,419 Profit (loss) from operating activities 5,666 (17,042) 1,474 (18,788) Finance cost 4 (13,224) (9,799) (16,142) (11,049) Share of profit (loss) from investments in joint venture 12.2 (756) (4,898) - - Profit (loss) before finance cost and income tax expenses 80,441 (3,5088,314) 82,276 (3,98931,739) Finance costs 6 8,037 9,782 7,994 9,730 (14,668) (29,837) Income tax income (lossexpenses) before tax expenses 72,404 20 (13,290540) 74,282 (13,7191,706) Tax expenses 282 333 PROFIT (incomeLOSS) 25 13,100 FOR THE PERIOD (3,7078,854) 13,056 (3,78333,445) Profit (loss14,386) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.00829,504) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental Other comprehensive income: Components of other comprehensive income and service 5,295 10,755 3,684 8,268 to be reclassified to profit or loss Exchange differences on translation of financial statements Consolidated financial statements Separate financial statements Notes ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ 2022 in foreign currency - net of income tax (184) 1,827 - - Other comprehensive income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive - net of income - - tax (184) 1,827 - - Total comprehensive income 66,666 23,240 70,862 22,668 for the period (9,038) (31,618) (14,386) (29,504) Profit (loss) attributable to: Equity holders of the Company (8,854) (33,002) (14,386) (29,504) Non-controlling interests of the subsidiaries - (443) - - (8,854) (33,445) (14,386) (29,504) Total comprehensive income attributable to: Equity holders of the Company (9,038) (31,343) (14,386) (29,504) Non-controlling interests of the subsidiaries - (275) - - (9,038) (31,618) (14,386) (29,504) Earnings per share Basic earnings (loss) per share Profit (loss) attributable to Shareholders' equity holders of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests Company 21 (1,7930.0009) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,7930.0034) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss0.0015) for the period (Baht per share0.0031) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. FOR ThE ThREE-MONTh PERIOD ENDED MARCh 31, 2023 Equity attributable to the parent's shareholders Equity attributable Total Issued and Other dificit Retained earnings (deficit) Other components of equity Total equity to non-controlling shareholders' paid-up Deficit on Total Appropriated - Statutory reserve Unappropriated Other comprehensive income Total other attributable to interests of equity In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10November 12, 2020 2021 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note Financial Statements As at June September As at December As at June September As at December Notes 30, 2020 2021 31, 2019 2020 30, 2020 2021 31, 2019 2020 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 6 154,814 77,450 79,006 48,656 Trade and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 181,244 177,836 1,152,492 1,128,256 Unbilled revenue from construction service 38,302 - - - Real estate projects under development 8 158,111 172,056 158,049 171,983 Property development costs 6,861,572 6,424,629 5,087,119 4,370,075 Deposits for land 21 125,590 148,590 125,590 148,590 Short-term loans to related parties 5 - - 1,040,604 1,095,000 Current tax assets 26,539 7,385 11,438 - Other current financial assets 85 85 85 85 Rental deposit 5 60,000 - 60,000 - Other current assets 4,528 4,779 - - Total current assets 7,452,674 6,840,754 7,556,334 6,790,662 NON-CURRENT ASSETS Deposits at banks used as collateral 9 1,752,506 1,890,016 1,752,506 1,890,016 1,948,257 361,433 1,948,257 349,876 Investments in subsidiaries 10 - - 364,000 315,000 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Restricted deposits with financial institutions 8 1,738,669 2,899,938 865,082 2,027,691 Investment properties 11 15,823 13,821 15,823 13,821 Investment in subsidiaries 12 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 394,614 394,614 355,814 355,814 Property, plant and equipment 14 93,666 94,147 84,047 85,650 333,155 352,805 323,996 334,717 Right-of-use assets 15 12,367 - 12,367 - 12 461,988 482,167 458,747 475,226 Prepaid rental expenses 104,290 110,682 104,290 110,682 Leasehold rights 13 1,657,134 1,559,882 1,657,134 1,559,882 Intangible assets 16 4,260 4,653 4,148 4,528 8,182 10,213 6,909 8,565 Deferred tax assets 17 16,983 14,645 15,261 12,923 43,856 44,514 30,713 29,076 Rental deposit 5 - 60,000 - 60,000 Retention receivables from construction 29,975 6,226 - - Other non-current assets 8,958 9,387 8,888 9,267 29,101 20,797 11,598 10,653 Total non-current assets 358,606 328,854 433,947 397,754 6,749,221 6,303,271 6,126,540 5,637,182 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 14,201,895 13,144,025 13,682,874 12,427,844 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675Separate
Appears in 1 contract
Sources: Review Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10May 14, 2020 2021 (Miss ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇) Certified Public Accountant Registration No. 7318 “UNAUDITED” “REVIEWED” - 2 - In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June March As at December As at June March As at December 30Note 31, 2021 31, 2020 31, 2019 302021 31, 2020 31, 2019 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 358,765 64,808 350,623 57,072 Trade and other current receivables 5,6 15,619 8,881 14,192 7,336 Short-term to related parties - - 20,000 10,000 Inventories 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 126,204 124,530 120,549 123,561 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 8 1,392,784 1,642,014 1,399,954 1,642,014 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 9 513,127 451,636 512,771 451,279 Deposits for land 74,453 8,441 74,453 8,441 Other current financial assets 956 954 714 712 964 964 720 720 Other current assets 2,054 3,310 2,116 3,330 2,006 2,750 1,506 2,836 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 2,483,922 2,304,024 2,494,768 2,303,259 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 10 12,731 11,019 12,731 11,019 Investment in subsidiaries 12 11 - - 86,864 79,364 86,864 Investment property 13 206,549 192,201 206,549 192,201 12 224,060 221,229 224,060 221,229 Property, plant and equipment 14 93,666 94,147 84,047 85,650 13 104,548 100,180 76,374 77,276 Right-of-use assets 15 12,367 - 12,367 - 14 20,566 21,723 10,041 10,817 Intangible assets 16 4,260 4,653 4,148 4,528 15 4,153 4,170 3,938 3,989 Land held for development 1,157,468 1,184,982 1,084,417 1,111,931 Deferred tax assets 17 16,983 14,645 15,261 12,923 16 16,175 18,931 14,384 17,140 Other non-current assets 8,958 9,387 8,888 9,267 4,785 9,297 4,664 9,186 Total non-current assets 358,606 328,854 433,947 397,754 1,544,486 1,571,531 1,517,473 1,549,451 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,028,408 3,875,555 4,012,241 3,852,710 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short“UNAUDITED” “REVIEWED” - 3 -term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 109, 2020 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Cash and cash equivalents 57,147 27,210 49,089 19,195 Trade and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment in subsidiaries 12 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - Intangible assets 16 4,260 4,653 4,148 4,528 Deferred tax assets 17 16,983 14,645 15,261 12,923 Other non-current assets 8,958 9,387 8,888 9,267 Total non-current assets 358,606 328,854 433,947 397,754 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. 2016 2016/7001/0394 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 2016 31, 2019 2015 30, 2020 2016 31, 2019 2015 CURRENT LIABILITIES Bank overdrafts ASSETS Cash and shortcash equivalents 17,560 29,700 12,838 24,111 Short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 investments 23 694 692 694 692 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 accounts receivable 5 37 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from to related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 4 - - 58,500 21,500 Inventories 6 729,158 444,524 729,158 444,524 Property development costs 7 2,587,058 2,539,896 2,587,059 2,540,085 Land held for development 8 1,199,020 1,595,394 1,125,613 1,521,987 Deposit from purchase land 7.2 56,718 1,800 56,718 1,800 Other current assets 4 33,349 16,154 33,486 16,404 Total current liabilities 838,493 1,053,554 834,933 1,047,095 assets 4,623,594 4,628,160 4,604,066 4,571,103 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity ASSETS Deposit pledged as collateral 9 12,880 12,816 12,880 12,816 Investment in associated company 10 - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 Investment in subsidiaries 10 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income 11,864 11,864 Investment property 11 219,334 224,405 219,334 224,405 Property, plant and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and equipment 12 133,570 137,971 131,666 135,427 Intangible assets 13 3,077 3,113 3,077 3,113 Deferred tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income assets 22 1,182 1,516 - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 504 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other 3,747 6,378 3,747 5,042 Total non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675373,790 386,199 382,568 393,171 TOTAL ASSETS 4,997,384 5,014,359 4,986,634 4,964,274
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 1014, 2020 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Cash and cash equivalents 57,147 27,210 49,089 19,195 Trade and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment in subsidiaries 12 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - Intangible assets 16 4,260 4,653 4,148 4,528 Deferred tax assets 17 16,983 14,645 15,261 12,923 Other non-current assets 8,958 9,387 8,888 9,267 Total non-current assets 358,606 328,854 433,947 397,754 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. 2014 2014/883/0274 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 2014 31, 2019 2013 30, 2020 2014 31, 2019 2013 CURRENT LIABILITIES Bank overdrafts ASSETS Cash and shortcash equivalents 29,997 30,638 27,518 26,860 Short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 investments ▇▇▇ ▇▇▇ ▇▇▇ 670 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 accounts receivable 5 132 24,683 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from to related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 4 - - 20,500 19,300 Inventories 6, 16 321,166 403,886 315,250 394,878 Property development costs 7, 16 2,523,030 2,546,147 2,523,555 2,547,515 Land held for development 8, 16 1,248,128 1,211,563 1,179,272 1,211,207 Deposit from purchase land - 1,800 - 1,800 Other current assets 35,124 33,186 32,215 30,809 Total current liabilities 838,493 1,053,554 834,933 1,047,095 assets 4,158,252 4,252,573 4,098,985 4,233,039 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity ASSETS Deposit pledged as collateral 9 9,015 9,012 8,787 8,785 Investment in associated company 10 - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 Investment in subsidiaries 10 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income 11,864 11,864 Investment property 11 215,881 - 215,881 - Property, plant and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and equipment 12 157,647 164,471 153,211 159,883 Intangible assets 13 4,413 4,073 4,413 4,073 Deferred tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 22 12,353 10,450 12,334 10,438 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other 8,159 6,687 5,473 4,533 Total non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675407,468 194,693 411,963 199,576 TOTAL ASSETS 4,565,720 4,447,266 4,510,948 4,432,615
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10May 15, 2020 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Cash and cash equivalents 57,147 27,210 49,089 19,195 Trade and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment in subsidiaries 12 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - Intangible assets 16 4,260 4,653 4,148 4,528 Deferred tax assets 17 16,983 14,645 15,261 12,923 Other non-current assets 8,958 9,387 8,888 9,267 Total non-current assets 358,606 328,854 433,947 397,754 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. 2014 2014/618/0274 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June March As at December As at June March As at December Note 30, 2020 31, 2019 30, 2020 2014 31, 2019 2013 31, 2014 31, 2013 CURRENT ASSETS Cash and cash equivalents 23,550 30,638 21,666 26,860 Short-term investments ▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇ Trade accounts receivable 5 146 24,683 - - Short-term loan to related parties 4 - - 20,500 19,300 Inventories 6, 15 377,587 403,886 370,737 394,878 Property development costs 7, 15 2,496,651 2,546,147 2,496,587 2,547,515 Land held for development 7, 15 1,249,928 1,211,563 1,181,072 1,211,207 Deposit from purchase land - 1,800 - 1,800 Other current assets 30,767 33,186 28,220 30,809 Total current assets 4,179,301 4,252,573 4,119,454 4,233,039 NON-CURRENT ASSETS Deposit pledged as collateral 8 9,014 9,012 8,785 8,785 Investment in associated company 9 - - - - Investment in subsidiaries 9 - - 11,864 11,864 Investment Property 10 201,441 201,441 Property, plant and equipment 11 155,700 164,471 151,348 159,883 Intangible assets 12 4,485 4,073 4,485 4,073 Deferred tax assets 21 11,690 10,450 11,674 10,438 Other non-current assets 9,748 6,687 6,629 4,533 Total non-current assets 392,078 194,693 396,226 199,576 TOTAL ASSETS 4,571,379 4,447,266 4,515,680 4,432,615 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December As at March As at December Note 31, 2014 31, 2013 31, 2014 31, 2013 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 13 204,281 173,801 204,281 173,801 Trade notes payable 57,339 50,320 57,339 50,320 Trade accounts payable and other current payables payable 116,526 103,137 114,229 100,418 Payable to related parties 4 36,289 30,763 42,712 38,610 Accured expenses 4 33,714 53,516 33,620 51,760 Corporate income tax payable Current portion of liabilities under 5,398 5,398 5,398 5,398 the finance lease agreement 14 563 592 563 592 Current portion of long-term loan loans from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - 15 428,663 429,572 428,663 429,572 Short-term loan from related parties 6 219,000 219,000 219,000 219,000 4 - - - 1,000 Short-term loan from the director 6 2,500 2,500 - - 4 110,000 75,000 70,000 75,000 Advance received from customers 56,081 47,690 56,081 47,690 Retention from contractors 75,675 74,051 75,212 73,604 Other current liabilities 727 790 727 790 Total current liabilities 838,493 1,053,554 834,933 1,047,095 1,125,256 1,044,630 1,088,825 1,048,555 NON-CURRENT LIABILITIES Liabilities under the finance lease agreement 14 894 1,039 894 1,039 Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee 15 1,003,275 967,671 1,003,275 967,671 Employee benefit obligations 22 61,434 64,930 59,632 63,222 16 29,838 28,860 29,092 28,166 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision 19,376 18,823 19,376 18,823 Liabilities from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current 17 80,719 80,719 80,719 80,719 Deferred tax liabilities 6,490 3,950 6,490 3,950 21 9,074 8,794 9,002 8,722 Total non-current liabilities 452,695 477,191 447,584 471,940 1,143,176 1,105,906 1,142,358 1,105,140 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. 2,268,432 2,150,536 2,231,183 2,153,695 In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June March As at December As at June March As at December 30, 2020 Note 31, 2019 30, 2020 2014 31, 2019 2013 31, 2014 31, 2013 SHAREHOLDERS’ EQUITY Share capital Authorized share capital 1,245,284,305 1,200,000,000 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 1,200,000 1,200,000 1,200,000 1,200,000 Issued and paid-up share capital 1,245,283,691 1,185,985,052 ordinary shares capital of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 1,185,985 1,185,985 1,185,985 1,185,985 Paid-in capital Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 18 54,350 54,350 54,350 54,350 Unappropriated 737,765 669,306 742,642 671,780 485,082 478,865 466,632 461,055 Total equity attributable to company's shareholders 2,302,947 2,296,730 2,284,497 2,278,920 Non-controlling interests - - - - Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 2,302,947 2,296,730 2,284,497 2,278,920 TOTAL LIABILITIES AND SHAREHOLDER’S 'S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. 4,571,379 4,447,266 4,515,680 4,432,615 In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note 2014 2013 2014 2013 REVENUES Sales 520,136 213,141 520,136 213,141 Rental 322,922 362,860 322,922 362,860 Construction income and service 2,884 5,296 1,528 4,099 - 6,466 - - Service income 1,127 1,131 - - Other income 6 2,303 1,497 2,047 1,515 4 1,500 1,962 1,605 1,956 Total Revenues 525,323 219,934 523,711 218,755 325,549 372,419 324,527 364,816 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 4 214,444 244,562 215,807 244,697 Cost for rent and of construction - 6,296 - - Cost of service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 1,087 967 - - Selling expenses 40,177 48,468 40,177 48,468 Administrative expenses 6 54,413 42,894 53,404 43,077 4 41,337 37,848 40,752 36,930 Management benefit expenses 4 7,726 8,059 7,683 8,018 Finance costs 4 12,933 5,555 12,899 5,530 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 317,704 351,755 317,318 343,643 Share of profit from investment in an associated company - - - - Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) 7,845 20,664 7,209 21,173 Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) 21 1,628 5,387 1,632 5,317 Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) 6,217 15,277 5,577 15,856 Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) 6,217 15,277 5,577 15,856 Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 6,217 15,277 5,577 15,856 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 6,217 15,277 5,577 15,856 Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 6,217 15,277 5,577 15,856 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 6,217 15,277 5,577 15,856 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (20 “UNAUDITED” “REVIEWED” In Thousand Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Consolidated Financial Statements Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Controlling Total Share capital issued and Premium on share capital Retained earnings Appropriated Unappropriated Other components Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component (Restated) of equity s Beginning balance Balance as at January 1, 2020 1,245,284 2014 1,185,985 577,530 75,360 669,306 54,350 478,865 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period 2,296,730 - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - 2,296,730 Total comprehensive income for the period 2014 - - - 68,459 6,217 - 68,459 (1,793) 66,666 Ending balance 6,217 - 6,217 Balance as at June 30March 31, 2020 1,245,284 2014 1,185,985 577,530 75,360 737,765 54,350 485,082 - 2,635,939 5,181 2,641,120 Beginning balance 2,302,947 - 2,302,947 Balance as at January 1, 2019 1,245,284 2013 1,185,985 577,530 74,150 688,675 48,850 420,596 - 2,585,639 2,232,961 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - 2,232,961 Total comprehensive income for the period 2013 - - - 23,240 15,277 - 23,240 15,277 - 23,240 Ending balance 15,277 Balance as at June 30March 31, 2019 1,245,284 2013 1,185,985 577,530 74,150 674,557 48,850 435,873 - 2,571,521 2,248,238 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,6752,248,238
Appears in 1 contract
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10May 11, 2020 2023 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note Financial Statements As at June March As at December As at June March As at December 30, 2020 Notes 31, 2019 30, 2020 2023 31, 2019 2022 31, 2023 31, 2022 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 6 82,482 135,106 33,263 72,721 Trade and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 158,111 172,056 158,049 171,983 Property 67,967 79,541 - - Real estate projects under development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - - - - Short-term loans to related parties 5 - - 1,347,446 1,341,613 Current tax assets 9,132 30,261 2,783 16,195 Other current financial assets 86 86 86 86 Other current assets 3,331 3,331 - - Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 NON-CURRENT ASSETS Deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 Investments in subsidiaries 11 - - 2,853,995 2,853,995 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 1,714,316 1,714,316 990,803 990,803 Investment in subsidiaries 12 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 properties 554,904 554,904 516,104 516,104 Property, plant and equipment 14 93,666 94,147 84,047 85,650 12 611,239 614,707 609,647 612,887 Right-of-use assets 15 12,367 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - 12,367 - Intangible assets 16 4,260 4,653 4,148 4,528 4,871 5,477 4,254 4,724 Deferred tax assets 17 16,983 14,645 15,261 12,923 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - Other non-current assets 8,958 9,387 8,888 9,267 83,734 53,533 37,617 21,480 Total non-current assets 358,606 328,854 433,947 397,754 6,241,861 6,037,660 5,631,043 5,575,195 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 13,412,811 13,269,892 12,644,382 12,645,887 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675Separate
Appears in 1 contract
Sources: Review Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10November 13, 2020 2024 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note Financial Statements As at June September As at December As at June September As at December Notes 30, 2020 2024 31, 2019 2023 30, 2020 2024 31, 2019 2023 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 6 99,048 144,927 10,537 68,431 Trade and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 126,883 200,846 1,124,355 1,181,174 Unbilled revenue from construction service 8 158,111 172,056 158,049 171,983 Property - 3,766 - - Real estate projects under development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 5,973,081 6,451,652 3,560,367 4,072,556 Deposits for land 10 113,500 - - - Short-term loans to related parties 5 - - 596,989 1,066,260 Current tax assets 13,998 38,439 5,182 12,070 Other current financial assets 88 87 88 87 Other current assets 2,977 2,977 - - Total current assets 6,329,575 6,842,694 5,297,518 6,400,578 NON-CURRENT ASSETS Deposits at banks used as collateral 15.8 360,333 919,650 353,702 919,650 Investments in subsidiaries 11 - - 3,182,995 2,913,995 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 2,100,778 1,650,579 1,375,782 926,196 Investment in subsidiaries 12 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 properties 554,904 554,904 516,104 516,104 Property, plant and equipment 14 93,666 94,147 84,047 85,650 12 499,177 496,215 486,866 494,427 Right-of-use assets 15 12,367 13 287,009 282,719 7,175 8,238 Leasehold rights 14 2,882,043 2,695,846 - 12,367 - Intangible assets 16 4,260 4,653 4,148 4,528 2,823 3,708 2,425 3,268 Deferred tax assets 17 16,983 14,645 15,261 12,923 83,593 83,183 25,159 27,369 Retention receivables from construction 50,053 76,254 - - Other non-current assets 8,958 9,387 8,888 9,267 116,610 83,630 51,173 37,492 Total non-current assets 358,606 328,854 433,947 397,754 6,937,323 6,846,688 6,001,381 5,846,739 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 13,266,898 13,689,382 11,298,899 12,247,317 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675Separate
Appears in 1 contract
Sources: Review Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 1013, 2020 2021 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Cash and cash equivalents 57,147 27,210 49,089 19,195 Trade and other current receivables 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment in subsidiaries 12 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - Intangible assets 16 4,260 4,653 4,148 4,528 Deferred tax assets 17 16,983 14,645 15,261 12,923 Other non-current assets 8,958 9,387 8,888 9,267 Total non-current assets 358,606 328,854 433,947 397,754 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note Notes 30, 2020 2021 31, 2019 2020 30, 2020 2021 31, 2019 2020 CURRENT LIABILITIES Bank overdrafts ASSETS Cash and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 cash equivalents 183,120 77,450 73,713 48,656 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions receivables 6 150,205 177,836 1,137,907 1,128,256 Real estate projects under development 7 7,075,035 6,424,629 5,278,371 4,370,075 Deposits for land 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - 124,590 148,590 124,590 148,590 Short-term loan from loans to related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 5 - - 1,036,169 1,095,000 Current tax assets 19,996 7,385 7,717 - Other current financial assets 85 85 85 85 Other current assets 4,591 4,779 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 assets 7,557,622 6,840,754 7,658,552 6,790,662 NON-CURRENT LIABILITIES LongASSETS Deposits at banks used as collateral 8 342,128 361,433 342,128 349,876 Investments in subsidiaries 9 - - 364,000 315,000 Land held for development 7 1,737,774 2,899,938 865,082 2,027,691 Investment properties 10 394,614 394,614 355,814 355,814 Property, plant and equipment 340,273 352,805 326,564 334,717 Right-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 of-use assets 11 472,015 482,167 466,418 475,226 Prepaid rental expenses 106,444 110,682 106,444 110,682 Leasehold rights 12 1,623,075 1,559,882 1,623,075 1,559,882 Intangible assets 8,839 10,213 7,440 8,565 Deferred tax assets 44,245 44,514 30,952 29,076 Rental deposit 5 60,000 60,000 60,000 60,000 Other non-current liabilities 6,490 3,950 6,490 3,950 assets 53,674 27,023 10,561 10,653 Total non-current liabilities 452,695 477,191 447,584 471,940 assets 5,183,081 6,303,271 4,558,478 5,637,182 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 ASSETS 12,740,703 13,144,025 12,217,030 12,427,844 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675.
Appears in 1 contract
Sources: Review Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10May 11, 2020 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June March As at December As at June March As at December 3031, 2020 31, 2019 3031, 2020 31, 2019 Cash and cash equivalents 57,147 43,682 27,210 49,089 38,724 19,195 Short-term investments 956 954 713 712 Trade and other current receivables 7 8,647 11,155 7,108 6,039 10,233 6,216 Inventories 8 158,111 173,034 172,056 158,049 172,965 171,983 Property development costs 9 1,752,506 1,835,146 1,890,016 1,752,506 1,835,146 1,890,016 Land held for development 10 1,594,281 1,652,259 1,673,191 1,520,873 1,578,851 1,599,783 Other current financial assets 956 954 714 712 Other current assets 2,054 3,310 2,116 3,330 1,662 1,919 1,662 1,939 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 3,717,894 3,772,454 3,638,294 3,689,844 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 14,326 13,821 15,823 14,326 13,821 Investment in subsidiaries 12 - - 86,864 83,115 79,364 Investment property 13 206,549 200,423 192,201 206,549 200,423 192,201 Property, plant and equipment 14 93,666 94,261 94,147 84,047 84,647 85,650 Right-of-use assets 15 12,367 12,685 - 12,367 12,685 - Intangible assets 16 4,260 4,489 4,653 4,148 4,371 4,528 Deferred tax assets 17 16,983 15,001 14,645 15,261 13,279 12,923 Other non-current assets 8,958 9,387 8,888 9,267 11,045 10,778 10,987 10,658 Total non-current assets 358,606 328,854 433,947 397,754 352,230 330,245 423,833 399,145 TOTAL ASSETS 3,932,308 4,070,124 4,102,699 3,923,333 4,062,127 4,088,989 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 31, 2019 30, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - Short-term loan from related parties 6 219,000 219,000 219,000 219,000 Short-term loan from the director 6 2,500 2,500 - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 Total non-current liabilities 452,695 477,191 447,584 471,940 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December 30, 2020 31, 2019 30, 2020 31, 2019 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Non-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Total Revenues 525,323 219,934 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 Administrative expenses 6 54,413 42,894 53,404 43,077 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.055 0.019 0.057 0.018 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 1,245,284 577,530 75,360 669,306 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary Comprehensive income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit for the period Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 676,668 2,573,632 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities (1) (2) (1) (2) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 Interest income (75) (79) (74) (77) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income) 14,490 3,521 14,444 3,445 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 Other non-current assets (981) 589 (981) 789 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,861) 26,846 (3,426) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 ▇▇▇▇ received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - ▇▇▇▇ paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment (1) (41) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500) - Cash paid for purchase of fixed assets (4,670) (1,285) (2,857) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675.
Appears in 1 contract
Sources: Independent Auditor’s Report
Conclusion. Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10May 14, 2020 2018 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at June March As at December As at June March As at December 30, 2020 31, 2019 30, 2020 2018 31, 2019 2017 31, 2018 31, 2017 Cash and cash equivalents 57,147 27,210 49,089 19,195 60,843 21,952 59,880 19,753 Short-term investments 702 702 702 702 Trade and other current receivables 7 8,647 7,108 6,039 6,216 accounts receivable 64 64 - - Short-term loan to related parties 4 - - 54,100 55,000 Inventories 8 158,111 172,056 158,049 171,983 5 435,376 486,362 435,376 486,362 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 6 1,998,981 2,089,624 1,998,981 2,089,624 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 7 1,848,149 1,793,635 1,774,741 1,720,227 Other current assets 2,054 3,310 2,116 3,330 4 8,756 9,069 15,470 15,227 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 4,352,871 4,401,408 4,339,250 4,386,895 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Deposit pledged as collateral 8 9,157 9,157 9,157 9,157 Investment in subsidiaries 12 9 - - 86,864 79,364 11,864 11,864 Investment property 13 206,549 192,201 206,549 192,201 10 201,600 204,100 201,600 204,100 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - 11 115,304 117,765 115,290 117,733 Intangible assets 16 4,260 4,653 4,148 4,528 12 5,507 5,752 5,507 5,752 Witholding tax 18,740 17,989 18,611 17,754 Deferred tax assets 17 16,983 14,645 15,261 12,923 asstes 21 5,540 4,936 3,819 3,214 Other non-current assets 8,958 9,387 8,888 9,267 4,056 4,114 4,056 4,114 Total non-current assets 358,606 328,854 433,947 397,754 359,904 363,813 369,904 373,688 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,712,775 4,765,221 4,709,154 4,760,583 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June March As at December As at June March As at December Note 30, 2020 31, 2019 30, 2020 2018 31, 2019 2017 31, 2018 31, 2017 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 13 459,387 404,185 459,387 404,185 Trade notes payable 44,295 48,970 44,295 48,970 Trade accounts payable and other current payables payable 85,806 85,714 85,791 85,714 Payable to related parties 4 41,611 42,641 43,298 44,285 Accrued expenses 4 45,529 38,228 44,381 37,112 Current portion of liabilities under the finance lease agreement 14 621 821 621 821 Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 the financial institutions 20 114,476 273,073 114,476 273,073 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - 15 297,554 146,111 297,554 146,111 Short-term loan from other company 16 122,125 162,125 122,125 162,125 Short-term loan from related parties 6 219,000 219,000 219,000 219,000 4 276,000 276,000 276,000 276,000 Short-term loan from the director 6 2,500 2,500 - - 4 17,400 16,900 17,400 16,900 Advance received from customers 4,503 5,856 4,503 5,856 Retention from contractors 83,739 81,796 83,480 81,537 Other current liabilities 512 521 423 443 Total current liabilities 838,493 1,053,554 834,933 1,047,095 1,479,082 1,309,868 1,479,258 1,310,059 NON-CURRENT LIABILITIES Liabilities under the finance lease Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 - 8,681 - Provision for employee 15 649,629 879,590 649,629 879,590 Employee benefit obligations 22 61,434 64,930 59,632 63,222 17 39,069 38,009 37,922 36,904 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision 18 16,776 16,255 16,776 16,255 Liabilities from purchasing the real estate project 24 42,507 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 19 32,147 32,147 28,604 28,604 Total non-current liabilities 452,695 477,191 447,584 471,940 737,627 966,015 732,937 961,367 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 2,216,709 2,275,883 2,212,195 2,271,426 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June March As at December As at June March As at December 30, 2020 31, 2019 30, 2020 2018 31, 2019 2017 31, 2018 31, 2017 Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 69,150 69,150 69,150 69,150 Unappropriated 737,765 669,306 742,642 671,780 604,102 597,374 604,995 597,193 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 2,496,066 2,489,338 2,496,959 2,489,157 Non-controlling interests 5,181 4,474 - - - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 2,496,066 2,489,338 2,496,959 2,489,157 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 4,712,775 4,765,221 4,709,154 4,760,583 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note 2018 2017 2018 2017 REVENUES Sales 520,136 213,141 520,136 213,141 395,944 354,508 395,944 354,508 Rental income and service 2,884 5,296 1,528 4,099 5,391 4,696 4,152 3,806 Other income 6 2,303 1,497 2,047 1,515 4 1,442 1,855 2,230 2,677 Total Revenues 525,323 219,934 523,711 218,755 402,777 361,059 402,326 360,991 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 4 261,314 234,833 261,314 234,833 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 5,366 5,255 4,293 4,378 Selling expenses 58,805 44,017 58,805 44,017 Administrative expenses 6 54,413 42,894 53,404 43,077 4 39,495 45,345 39,050 44,887 Management benefit expenses 4 8,565 7,984 8,565 7,984 Finance cost 4 19,952 16,597 19,945 16,588 Total Expenses 444,882 223,442 441,435 222,744 Income (loss) before finance cost and tax expenses 80,441 (3,508) 82,276 (3,989) Finance costs 6 8,037 9,782 7,994 9,730 393,497 354,031 391,972 352,687 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) 21.2 9,280 2,552 7,028 1,713 10,354 2,552 8,304 1,713 Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) Other comprehensive income Items that will not be reclassified to profit or loss 6,728 - 5,315 - 7,802 - 6,591 - Items that may be reclassified subsequently to profit or loss - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) 6,728 5,315 7,802 6,591 Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 6,728 5,315 7,802 6,591 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.048 (0.008) 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental income and service 5,295 10,755 3,684 8,268 Other income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 Administrative expenses 6 100,626 89,985 98,887 90,113 Total Expenses 759,886 580,581 753,944 578,884 Income (loss) before finance cost and tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 Income (loss) before tax expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 Profit (loss) for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 66,666 23,240 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,793) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 6,728 5,315 7,802 6,591 Non-controlling interests (1,793) - - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit 20 Basic earning (loss) for the period per share (Baht per share) 0.055 0.019 0.057 0.018 0.005 0.004 0.006 0.005 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and paid-up share capital Appropriated Unappropriated legal reserve component of equity s Beginning balance as at January 1, 2020 2018 1,245,284 577,530 75,360 669,306 69,150 597,374 - 2,567,480 4,474 2,571,954 Shares fee payment in subsidiary 2,489,338 - 2,489,338 Comprehensive income Profit for the period - - - 6,728 - 6,728 - 6,728 Other comprehensive income for the period - - Total comprehensive income for the period - - - - 68,459 - 6,728 - - - 68,459 2,500 (1,793) 2,500 66,666 6,728 - - - 6,728 Ending balance as at March 31, 2018 1,245,284 577,530 69,150 604,102 - 2,496,066 - 2,496,066 Beginning balance as at January 1, 2017 1,245,284 577,530 68,050 574,461 - 2,465,325 - 2,465,325 Dividend paid - - - - - - - - Stock dividend - - - - - - - - Comprehensive income Profit for the period - - - 5,315 - 5,315 - 5,315 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 5,315 - 68,459 (1,793) 66,666 5,315 - 5,315 Ending balance as at June 30March 31, 2020 2017 1,245,284 577,530 75,360 737,765 68,050 579,776 - 2,635,939 5,181 2,641,120 Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 2,470,640 - 2,585,639 - 2,585,639 Dividend paid Comprehensive income Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance as at June 30, 2019 1,245,284 577,530 74,150 674,557 - 2,571,521 - 2,571,521 2,470,640 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Separate Financial Statements Other Total issued and share capital Appropriated Unappropriated components 577,530 75,360 671,780 69,150 597,193 - 2,569,954 2,489,157 - - 70,862 7,802 - 70,862 7,802 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 70,862 70,862 7,802 7,802 Ending balance as at June 30March 31, 2020 2018 1,245,284 577,530 75,360 742,642 2,640,816 - - - (37,358) - (37,358) - - - 22,668 - 22,668 69,150 604,995 2,496,959 Beginning balance as at January 1, 2019 2017 1,245,284 577,530 74,150 691,358 68,050 570,037 - 2,588,322 2,460,901 Dividend paid - - - - - - Stock dividend - - - - - - Comprehensive income Profit for the period - - - 6,591 - 6,591 Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 22,668 22,668 6,591 6,591 Ending balance as at June 30March 31, 2019 2017 1,245,284 577,530 74,150 676,668 2,573,632 68,050 576,628 2,467,492 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES 2018 2017 2018 2017 Profit (loss) for the period 66,666 23,240 70,862 22,668 6,728 5,315 7,802 6,591 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 6,019 6,474 6,002 6,218 Unrealized gain from trading securities (1) (21) (1) (21) Doubtful account - 980 - 980 (Gain) loss from sale and amortization of investment property - 2,963 - 2,963 fixed assets (30) 5,875 (30) 5,875 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 521 422 521 422 Employee benefit expenses 1,698 2,292 1,620 2,184 841 1,001 806 960 Interest income (75783) (794) (74782) (77829) Interest expenses 17,571 21,060 17,483 20,948 Finance cost 19,952 16,597 19,945 16,588 Tax expenses (income) 14,490 3,521 14,444 3,445 2,552 1,713 2,552 1,713 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 35,799 37,392 36,815 37,537 Decrease (increase) in operating assets Inventories 13,945 74,693 13,934 74,693 50,986 60,389 50,986 60,389 Property development costs 230,356 74,755 230,356 74,755 73,733 84,240 73,733 84,240 Land held for development - 508 - 508 (26,714) (86,921) (26,714) (86,921) Other current assets 1,256 2,526 1,214 2,668 1,029 (966) 472 (841) Other non-current assets (981) 589 (981) 789 58 71 58 71 Notes to interim financial statements form an integral part of these statements. 2020 2019 2020 2019 2018 2017 2018 2017 Increase (decrease) in operating liabilities Trade notes payable (4,675) (2,347) (4,675) (2,347) Trade accounts payable and other current payables 23,969 payable 92 777 77 742 Payable to related parties (2,8611,029) 26,846 (3,4263,420) (986) (4,783) Accrued expenses 4,717 14,471 4,684 14,383 Advance received from customers (1,353) 4,682 (1,353) 4,682 Retention from contractors 1,943 (445) 1,943 (445) Other non-current liabilities 2,540 943 2,540 943 (7) 36 (18) 34 Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 134,579 107,959 135,022 106,741 ▇▇▇▇ received from interest income 75 79 74 76 67 5 66 3 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) 125 - - - Income tax expenses paid (4,032) (3,929) (4,013) (3,894) ▇▇▇▇ paid for provision for employee benefit obligations compensation for housing estate juristic persons - (5,613342) - (5,613) - Income tax expenses paid (9,525) (15,412) (9,481) (15,367342) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 130,739 103,693 131,075 102,508 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - 900 2,000 Increase in temporary investment short-term investments - (1) (4119) - (4019) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase Proceeds from sales of capital in subsidiary fixed assets 80 - - (7,500) 80 - Cash paid for purchase of fixed assets (4,670843) (1,285415) (2,857843) (1,256) Cash paid for purchase of investment property (16,811) (4,829) (16,811) (4,829415) Cash paid for purchase of intangible assets (27) - (27) - Net cash provided by (used in) investing activities (23,51121) (6,9131,695) (29,19721) (6,8831,695) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,098) (63,743) (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans (370,378) (272,694) (370,378) (272,694) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid - (37,358) - (37,358) Net cash provided by (used in) financing activities (314,407) (206,484) (316,769) (205,306) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning of period 27,210 29,219 19,195 26,623 Cash and cash equivalents, end of period 57,149 17,118 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 Cash at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675“REVIEWED”
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