Common use of Conclusion Clause in Contracts

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 Xxxx 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) - - - Xxxx 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

Samples: Reviewed Report and Interim Financial Information

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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 1013, 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. 2021 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 5 70,631 89,785 29,447 2,248 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 receivables 4, 6 592,794 283,298 182,513 138,010 Unbilled receivables 7, 22 1,796,381 1,117,635 693,671 314,182 Accounts receivable - 4,323 - Accrued income tax 7,347 - 7,303 - retention under construction contracts 4, 7 280,666 271,170 111,231 125,197 Advances paid to subcontractors under construction contracts 4 431,776 498,303 69,948 175,760 Construction in progress 22 185,426 329,386 73,570 182,858 Inventories 8 22,005 1,676 1,608 1,608 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 4 750 - - 400 50 Withholding tax deducted at source 199,211 173,259 147,286 123,410 Other current assets 61,746 44,558 13,683 14,326 Total current liabilities 838,493 1,053,554 834,933 1,047,095 assets 3,641,386 2,809,070 1,323,357 1,077,649 NON-CURRENT LIABILITIES ASSETS Restricted deposits at banks 9 3,071 32,198 221 29,350 Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease liabilities 21 8,681 to related parties 4 - 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 - - Investments in subsidiaries 10 - - 476,498 476,198 Investments in associates 11 - - - - Investments in joint ventures 12 123,256 123,584 102,376 102,376 Property, plant and equipment 13 630,337 618,357 591,880 578,351 Right-of-use assets 14 27,142 29,622 16,527 14,485 Intangible assets 12,237 13,273 11,995 13,067 Deferred tax assets 40,865 49,703 19,593 15,144 Other non-current liabilities 6,490 3,950 6,490 3,950 assets 4,173 3,430 1,668 1,681 Total non-current liabilities 452,695 477,191 447,584 471,940 assets 841,081 870,167 1,220,758 1,230,652 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 ASSETS 4,482,467 3,679,237 2,544,115 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 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 CURRENT 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 Xxxx 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) - - - Xxxx 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 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 14,675In Thousand Baht

Appears in 1 contract

Samples: 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 1013, 2020 In Thousand (Mr. Xxxxxxxx Xxxxxxxxxxxxxx) 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 Xxxx 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) - - - Xxxx 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

Samples: 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 No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10November 13, 2020 2023 “UNAUDITED” “REVIEWED” 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 Note 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 56,222 101,758 52,480 89,159 Trade and other current receivables 5,6 22,743 15,413 21,475 16,910 Short-term loans to related parties 5 - - 62,103 60,806 Inventories 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 133,304 157,112 123,291 147,255 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 8 3,489,006 2,865,689 3,508,530 2,880,480 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 9 729,022 622,773 729,022 622,773 Deposits for land - 17,360 - 17,360 Other current financial assets 956 954 714 712 836 831 591 587 Other current assets 2,054 3,310 2,116 3,330 981 1,000 000 000 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 4,432,114 3,782,009 4,498,280 3,836,031 NON-CURRENT ASSETS Restricted deposits with Other non-current financial institutions 11 15,823 13,821 15,823 13,821 assets 10 37,965 32,437 37,965 32,437 Investment in subsidiaries 12 11 - - 86,864 79,364 86,864 Investment property 13 206,549 192,201 206,549 192,201 12 154,573 160,336 200,050 207,481 Property, plant and equipment 14 93,666 94,147 84,047 85,650 13 178,830 159,552 84,747 59,086 Right-of-use assets 15 12,367 - 12,367 - 14 14,456 12,891 12,337 11,734 Intangible assets 16 4,260 4,653 4,148 4,528 15 2,769 3,261 2,320 2,747 Land held for development 9 873,463 941,284 800,882 868,703 Deferred tax assets 17 16,983 14,645 15,261 12,923 16 3,931 7,272 - 3,909 Other non-current assets 8,958 9,387 8,888 9,267 5 14,906 10,139 5,727 4,087 Total non-current assets 358,606 328,854 433,947 397,754 1,280,893 1,327,172 1,230,892 1,277,048 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 5,713,007 5,109,181 5,729,172 5,113,079 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 Xxxx 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) - - - Xxxx 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“UNAUDITED” “REVIEWED”

Appears in 1 contract

Samples: Reviewed Report and Interim Financial Information

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 Xxxx 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) - - - Xxxx 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

Samples: 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 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 Xxxx received from interest income 75 79 74 76 7,618 82 7,614 78 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision from purchasing the real estate project (234) - - - Xxxx paid for provision for employee benefit obligations (5,613) - (5,613) 6,890 169 6,765 - Income tax expenses paid (9,52511,586) (15,41211,272) (9,48111,519) (15,36711,186) Xxxx paid for provision for compensation for housing estate juristic persons - (342) - (342) 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) Xxxx 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) Xxxx received from short-term loan from the director 55,600 165,000 1,500 165,000 Xxxx paid for short-term loan from the directors (69,500) (246,000) (18,400) (246,000) Xxxx 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 Xxxx 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

Samples: Reviewed Report and Interim Financial Information

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 13, 2020 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 30Notes 31, 2020 31, 2019 3031, 2020 31, 2019 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 6 174,930 182,190 87,675 94,272 Trade and other current receivables 5, 7 8,647 7,108 6,039 6,216 165,732 700,182 85,993 470,895 Unbilled receivables 23 1,439,650 1,138,172 744,336 411,365 Accounts receivable - retention under construction contracts 5 240,176 215,366 73,385 68,764 Advances paid to subcontractors under construction contracts 5 465,417 519,906 171,055 195,643 Construction in progress 23 210,337 80,348 47,897 73,685 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 5,571 5,569 5,514 5,514 Short-term loans to related parties 5 - - - - Withholding tax deducted at source 134,274 132,129 99,493 105,134 Other current assets 2,054 3,310 2,116 3,330 39,347 37,720 15,997 20,071 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 2,875,434 3,011,582 1,331,345 1,445,343 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment at banks 9 10,541 10,541 - - Long-term loans to related parties 5 - - - - Investments in subsidiaries 12 10 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 476,198 476,073 Investments in associates 11 98,404 25,375 100,000 25,375 Investments in joint ventures 12 25,979 26,238 2,376 2,376 Property, plant and equipment 14 93,666 94,147 84,047 85,650 13 570,224 595,909 547,955 570,690 Right-of-use assets 15 12,367 14 23,972 - 12,367 11,100 - Intangible assets 16 4,260 4,653 4,148 4,528 10,502 10,747 10,334 10,566 Deferred tax assets 17 16,983 14,645 15,261 12,923 22,854 28,972 13,402 13,367 Other non-current assets 8,958 9,387 8,888 9,267 6,959 6,271 5,467 5,468 Total non-current assets 358,606 328,854 433,947 397,754 769,435 704,053 1,166,832 1,103,915 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 3,644,869 3,715,635 2,498,177 2,549,258 Notes to interim financial statements form an integral part of these statements. CURRENT LIABILITIES Bank overdrafts and short-term loans In Thousand Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Notes 31, 2020 31, 2019 31, 2020 31, 2019 from banks 15 496,838 473,051 321,838 249,051 Trade and other payables 5, 16 416,406 508,637 229,053 265,726 Unbilled payable Unearned construction - revenue Accounts payable - retention under construction contracts 647,178 - 112,192 561,624 - 100,572 192,819 - 6,357 87,707 - 13,104 Advances received from customers under construction contracts 23 940,852 986,559 373,908 387,031 Short-term loans from related parties 5 - - 625,000 748,000 Provision for liabilities under construction projects 17 44,984 76,893 7,221 8,101 Current portion of debentures 18 - 30,000 - 30,000 Current portion of lease liabilities Income tax payable Other current liabilities 19 11,430 - 16,615 2,291 - 39,717 5,682 - 3,426 526 - 28,077 Total current liabilities 2,686,495 2,779,344 1,765,304 1,817,323 NON-CURRENT LIABILITIES Lease liabilities - net of current portion 19 15,370 1,582 7,518 1,582 Provision for long-term employee benefits 20 75,114 75,122 62,996 63,328 Provision for litigation 26.1 20,000 20,000 20,000 20,000 Total non-current liabilities 110,484 96,704 90,514 84,910 TOTAL LIABILITIES 2,796,979 2,876,048 1,855,818 1,902,233 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 As at June March As at December As at June March As at December Note 30Notes 31, 2020 31, 2019 3031, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts 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 (2,956) (2,956) - - Retained earnings (deficit) Appropriated - statutory reserve The Company - - - - Subsidiary 4,108 4,108 - - Unappropriated (335,404) (347,048) (556,034) (551,368) Other components of shareholders' equity 13,845 15,616 - - 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 877,986 868,113 642,359 647,025 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 (30,096) (28,526) - - 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 847,890 839,587 642,359 647,025 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 AND SHAREHOLDERS' EQUITY 3,644,869 3,715,635 2,498,177 2,549,258 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 30financial statements Notes 2020 2019 2020 2019 REVENUES 5 Construction services income 951,326 789,535 474,714 312,280 Other service income 4,237 2,866 - - Interest income 227 14 227 13 Other income 7,576 9,316 9,053 7,116 Total revenues 963,366 801,731 483,994 319,409 EXPENSES Cost of construction services 5 854,983 755,047 406,836 303,706 Cost of other services 2,643 2,143 - - Administrative expenses 80,862 82,080 74,310 72,938 Total expenses 938,488 839,270 481,146 376,644 Profit (loss) before share of profit (loss) from investments in associates and joint ventures, 2020 31, 2019 30, 2020 31, 2019 finance cost and income tax expenses 24,878 (37,539) 2,848 (57,235) 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 profit (loss) from investments in associates 11.2 (1,596) - - - - 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 Share of profit (loss) from investments in joint ventures 12.2 (259) 1,080 - - 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 Profit (loss) before finance cost and income tax expenses 80,441 23,023 (3,50836,459) 82,276 2,848 (3,98957,235) Finance costs 6 8,037 9,782 7,994 9,730 Income cost 5 5,710 8,750 7,549 10,289 Profit (loss) before income tax expenses 72,404 17,313 (13,29045,209) 74,282 (13,7194,701) Tax expenses (income67,524) 25 13,100 Income tax income (3,707expenses) 13,056 21 (3,7836,119) Profit (loss3,038) for the period 59,304 35 1,047 PROFIT (9,583LOSS) 61,226 FOR THE PERIOD 11,194 (9,93648,247) Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,5834,666) 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 (0.00866,477) Notes to interim financial statements form an integral part of these statements. Sales 849,116 614,700 849,116 614,700 Rental Consolidated financial statements Separate financial statements Notes 2020 2019 2020 2019 Other comprehensive income: Other comprehensive income and service 5,295 10,755 3,684 8,268 to be reclassified to profit or loss in subsequent periods: Exchange differences on translation of financial statements in foreign currency - net of income tax (2,891) 353 - - Other comprehensive income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES Cost to be reclassified to profit or loss in subsequent periods - net 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 income tax (loss2,891) 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) 353 - - Other comprehensive income for the period 66,666 23,240 70,862 22,668 Other comprehensive income - - (2,891) 353 - - Total comprehensive income 66,666 23,240 70,862 22,668 for the period 8,303 (47,894) (4,666) (66,477) Profit (loss) attributable to: Equity holders of the Company 11,644 (47,816) (4,666) (66,477) Non-controlling interests of the subsidiaries (450) (431) - - 11,194 (48,247) (4,666) (66,477) Total comprehensive income attributable to: Equity holders of the Company 9,873 (48,161) (4,666) (66,477) Non-controlling interests of the subsidiaries (1,570) 267 - - 8,303 (47,894) (4,666) (66,477) 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 22 0.0012 (1,7930.0078) - - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non-controlling interests (1,7930.0005) - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss0.0108) 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. Issued and Share premium STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2020 In Thousand Baht Consolidated Financial Statements Nonfinancial statements Equity attributable to the parent's shareholders Other dificit Retained earnings (deficit) Other components of equity Equity attributable Total Total equity to non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and shareholders' paid-up Deficit on Total Appropriated - Statutory reserve Unappropriated Other comprehensive Total other attributable to interests of equity share capital Appropriated Unappropriated legal reserve component revaluation other deficit The Company Subsidiary components of shareholders of the subsidiaries of investment in subsidiaries Exchange differences on translation of financial statements in foreign currency Share of other comprehensive income from associate shareholders' equity s Beginning balance the Company 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 2019 770,396 1,041,740 (2,956) (2,956) 73,371 4,108 (1,168,875) 13,626 900 14,526 732,310 (29,295) 703,015 Loss for the period - - - - - - - 68,459 (47,816) - - - 68,459 2,500 (1,79347,816) 2,500 66,666 (431) (48,247) Other comprehensive income for the period - - - - - - - (345) - (345) (345) 698 353 Total comprehensive income for the period - - - 68,459 - 68,459 - - (1,79347,816) 66,666 Ending balance (345) - (345) (48,161) 267 (47,894) Balance as at June 30March 31, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance 2019 770,396 1,041,740 (2,956) (2,956) 73,371 4,108 (1,216,691) 13,281 900 14,181 684,149 (29,028) 655,121 Balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 2020 1,198,393 - 2,585,639 (2,956) (2,956) - 2,585,639 Dividend paid Comprehensive income 4,108 (347,048) 14,716 900 15,616 868,113 (28,526) 839,587 Profit for the period - - - - - - (37,358) 23,240 - (37,358) - 23,240 11,644 - - - 11,644 (37,358450) 23,240 11,194 Other comprehensive income for the period - - - - - - - (1,771) - (1,771) (1,771) (1,120) (2,891) Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance - 11,644 (1,771) - (1,771) 9,873 (1,570) 8,303 Balance as at June 30March 31, 2019 1,245,284 577,530 74,150 674,557 2020 1,198,393 - 2,571,521 (2,956) (2,956) - 2,571,521 4,108 (335,404) 12,945 900 13,845 877,986 (30,096) 847,890 Notes to interim financial statements form an integral part of these statements. STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2020 In ThousandBaht Thousand Baht Separate Financial Statements Other financial statements Issued and Share premium Retained earnings (deficit) Total issued and paid-up share capital Appropriated - Unappropriated components 577,530 75,360 671,780 - 2,569,954 - - 70,862 - 70,862 Note paid-up legal Statutory reserve of shareholders' 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 Balance as at January 1, 2019 1,245,284 577,530 74,150 691,358 - 2,588,322 Dividend paid Comprehensive income Profit 770,396 1,041,740 73,371 (1,386,222) 499,285 Loss for the period Other comprehensive income for the period - - - (66,477) - - - - (66,477) - Total comprehensive income for the period - - - 22,668 22,668 Ending balance (66,477) (66,477) Balance as at June 30March 31, 2019 1,245,284 577,530 74,150 676,668 2,573,632 770,396 1,041,740 73,371 (1,452,699) 432,808 Balance as at January 1, 2020 1,198,393 - - (551,368) 647,025 Loss for the period Other comprehensive income for the period - - - (4,666) - - - - (4,666) - Total comprehensive income for the period - - - (4,666) (4,666) Balance as at March 31, 2020 1,198,393 - - (556,034) 642,359 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements financial statements Separate Financial Statements financial statements 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Cash flows from operating activities Profit (loss) for the period 66,666 23,240 70,862 22,668 before tax 17,313 (45,209) (4,701) (67,524) Adjustments to reconcile profit (loss) before tax to net cash provided by (used inpaid from) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities amortisation 29,460 29,176 25,865 26,096 Allowance for doubtful debt - - 3,688 17,060 Unrealised (1gain) loss on exchange rate (2356) 940 (1355) (2) Doubtful account - 980 - 980 939 (Gain) loss on disposal of equipment (237) (1,901) - (900) Loss on write-off of equipment 10 41 8 41 Share of loss from sale and amortization investments in associate 1,596 - - - Share of investment property (profit) loss from investments in joint venture 259 (1,080) - 2,963 - 2,963 Provision for compensation liabilities under construction projects 1,000 7,898 - 7,898 Provision for housing estate juristic persons 1,751 866 1,751 866 Employee benefit expenses 1,698 2,292 1,620 2,184 long-term employee benefits 3,687 3,139 3,035 2,591 Amortised transaction cost of debenture - 250 - 250 Interest income (75227) (7914) (74227) (7713) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses 5,710 8,745 7,549 10,289 Profit (incomeloss) 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 58,215 1,985 34,862 (3,273) (Increase) decrease in operating assets Trade and other receivables 546,139 117,336 384,902 68,829 Unbilled receivables (301,478) (85,567) (332,971) 38,376 Advance paid to subcontractors under construction contracts 54,489 6,437 24,588 50,680 Construction in progress (129,989) 14,676 25,788 (16,445) Inventories 13,945 74,693 13,934 74,693 Property development costs 230,356 74,755 230,356 74,755 Land held for development (2) (27) - 508 - 508 Other current assets 1,256 2,526 1,214 2,668 (1,627) 5,816 4,074 12,054 Other non-current assets (981688) 589 (98173) 789 1 78 Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements 2020 2019 2020 2019 Increase (decrease) in operating liabilities Trade and other current payables 23,969 (2,86188,972) 26,846 (3,42682,020) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid33,517) from the operations 383,059 216,534 390,880 215,532 Xxxx received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 (105,633) Unbilled payables 85,554 65,336 105,112 (31,088) Unearned construction revenue - - Cash paid for provision from purchasing the real estate project (2346,000) - - Accounts payable - retention under construction contracts 11,620 19,904 (6,747) (1,633) Advances received from customers under construction contracts (45,707) 246,037 (13,123) (11,485) Other current liabilities (23,102) 13,668 (24,651) (4,256) Cash flows from provide by (used in) operating activities 127,953 325,512 163,697 (1,769) Xxxx paid for provision for employee benefit obligations liabilities under construction projects (5,613) - (5,613) - Income tax expenses paid (9,52532,909) (15,4126,409) (9,481880) (15,3675,796) Xxxx paid for provision for long-term employee benefits (3,695) (768) (3,367) (768) Cash paid for income tax (23,145) (19,833) (15,358) (12,989) Received from withholding tax refund 20,999 - 20,999 - Net cash flows provided by (used in) operating activities 367,857 201,296 375,860 200,241 ASH FLOWS FROM INVESTING ACTIVITIES Increase 89,203 298,502 165,091 (21,322) Cash flows from investing activities Decrease (increase) in temporary investment short-term loans to related parties - - (13,688) - Xxxx paid for investing in associate (4174,625) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,50074,625) - Interest income 227 14 227 13 Xxxx received from disposal of equipment 336 2,234 - 1,159 Cash paid for purchase of fixed assets property, plant and equipment (4,6704,331) (1,28536,300) (2,8573,853) (1,25635,497) 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 flows provided by (used in) investing activities (23,51178,393) (6,91334,052) (29,19781,939) (6,88334,325) Consolidated Financial Statements Separate Financial Statements C Cash flows from financing activities Increase in short-term loans from banks 23,787 136,124 72,787 17,928 Cash receive from short-term loans from related parties - - 208,000 360,000 Cash paid for short-term loans from related parties - - (331,000) (133,600) 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 financial statements Separate Financial Statements financial statements 2020 2019 2020 2019 loans from the financial institutions Repayment of debentures (94,09830,000) (63,743150,000) (94,09830,000) (63,743150,000) Cash paid for liabilities under Interest expenses (5,777) (9,801) (8,175) (7,456) Decrease in lease liabilities (1,7603,189) (11,033) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,1621,361) - (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 flows provided by (used in) financing activities (314,40715,179) (206,48424,710) (316,76989,749) 86,872 Increase (205,306decrease) in translation adjustment (2,891) 353 - - Net increase (decrease) in cash and cash equivalents 29,939 (12,1017,260) 29,894 240,093 (11,9486,597) 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) 31,225 Cash and cash equivalents consisted at the beginning of : the period 182,190 82,256 94,272 7,181 Cash on hand 784 607 669 607 Cash and cash equivalents at bank 56,363 16,511 48,420 14,068 Total 57,147 17,118 49,089 14,675the end of the period 174,930 322,349 87,675 38,406 Supplemental cash flows information Non-cash items consist of Increase (decrease) in purchase of fixed assets and intangible assets that have yet to be paid (2,533) 6,514 (2,123) 6,514 Accrued payables the investment in subsidiaries - - 125 - Lease liabilities 25,814 - 12,275 - Notes to interim financial statements form an integral part of these statements.

Appears in 1 contract

Samples: 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 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 000 000 000 000 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 Xxxx 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) - - - Xxxx 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

Samples: Reviewed Report and Interim Financial Information

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 000 000 000 000 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 0000 0000 0000 0000 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 0000 0000 0000 0000 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 Xxxx received from interest income 75 79 74 76 18 96 15 121 Witholding taxes refunded from Revenue Department 95 95 - 80 - Cash paid for provision from purchasing the real estate project (234) - - - Xxxx paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,5257,499) (15,41211,530) (9,4817,435) (15,36711,457) Xxxx paid for provision for compensation for housing estate juristic persons (342) (11,704) (342) (11,704) 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 0000 0000 0000 0000 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 Xxxx received from short-term loan a related party 306,000 - 306,000 - Xxxx 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) Xxxx 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 784 607 669 607 000 000 000 542 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

Samples: Reviewed Report and Interim Financial Information

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 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 30Notes 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 5 57,480 89,785 35,434 2,248 Trade and other current receivables 4, 6 345,039 283,298 186,415 138,010 Unbilled receivables 7, 22 1,491,297 1,117,635 514,754 314,182 Accounts receivable - retention under construction contracts 4, 7 8,647 7,108 6,039 6,216 310,132 271,170 142,398 125,197 Advances paid to subcontractors under construction contracts 4 379,288 498,303 46,574 175,760 Construction in progress 22 293,095 329,386 106,542 182,858 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 22,029 1,676 1,608 1,608 Short-term loans to related parties 4 - - 50 50 Withholding tax deducted at source 184,677 173,259 134,929 123,410 Other current assets 2,054 3,310 2,116 3,330 52,711 44,558 19,060 14,326 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 3,135,748 2,809,070 1,187,764 1,077,649 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment at banks 9 3,202 32,198 354 29,350 Long-term loans to related parties 4 - - - - Investments in subsidiaries 12 10 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 476,498 476,198 Investments in associates 11 - - - - Investments in joint ventures 12 122,348 123,584 102,376 102,376 Property, plant and equipment 14 93,666 94,147 84,047 85,650 13 626,765 618,357 587,770 578,351 Right-of-use assets 15 12,367 - 12,367 - 14 29,201 29,622 16,728 14,485 Intangible assets 16 4,260 4,653 4,148 4,528 12,789 13,273 12,549 13,067 Deferred tax assets 17 16,983 14,645 15,261 12,923 46,118 49,703 19,733 15,144 Other non-current assets 8,958 9,387 8,888 9,267 4,120 3,430 1,673 1,681 Total non-current assets 358,606 328,854 433,947 397,754 844,543 870,167 1,217,681 1,230,652 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 3,980,291 3,679,237 2,405,445 2,308,301 Notes to interim financial statements form an integral part of these statements. CURRENT LIABILITIES Bank overdrafts and short-term loans In Thousand Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Notes 31, 2021 31, 2020 31, 2021 31, 2020 from financial institutions 15 805,811 709,460 457,362 414,660 Trade and other current payables 4, 16 863,476 718,490 455,386 406,437 Unbilled payable 640,828 454,391 75,201 12,883 Unearned construction - revenue Accounts payable - retention under construction contracts 7 75 178,275 10,055 158,959 75 16,467 10,055 9,587 Advances received from customers under construction contracts 7, 22 887,171 913,865 187,989 261,310 Short-term loans from related parties 4 - - 728,000 642,000 Provision for liabilities under construction projects 17 175,851 166,974 67,324 7,852 Current portion of lease liabilities 18 17,420 16,709 9,521 9,156 Income tax payable 16 - - - Other current liabilities 11,612 15,851 5,504 11,071 Total current liabilities 3,580,535 3,164,754 2,002,829 1,785,011 NON-CURRENT LIABILITIES Lease liabilities 18 16,693 15,673 11,551 8,057 Non-current provisions for employee benefits 19 55,259 82,107 31,994 68,339 Provision for litigation 25.1 20,000 20,000 20,000 20,000 Total non-current liabilities 91,952 117,780 63,545 96,396 TOTAL LIABILITIES 3,672,487 3,282,534 2,066,374 1,881,407 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 As at June March As at December As at June March As at December Note 30Notes 31, 2021 31, 2020 31, 2019 302021 31, 2020 31, 2019 CURRENT LIABILITIES Bank overdrafts 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 (deficit) Appropriated - statutory reserve The Company (2,956) - (2,956) - - - - - Subsidiary 4,108 4,108 - - Unappropriated (878,698) (791,218) (859,322) (771,499) Other components of shareholders' equity 15,554 17,393 - - 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 336,401 425,720 339,071 426,894 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 (28,597) (29,017) - - 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 307,804 396,703 339,071 426,894 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 AND SHAREHOLDERS' EQUITY 3,980,291 3,679,237 2,405,445 2,308,301 Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements Notes 0000 0000 0000 2020 REVENUES 4 Construction services income 1,185,022 951,326 640,740 474,714 Other service income 6,566 4,237 - - Sales income 235 - - - Interest income - 227 - 227 Other income 8,157 7,576 10,529 9,053 Total revenues 1,199,980 963,366 651,269 483,994 EXPENSES Cost of construction services 4 1,237,883 854,983 725,013 406,836 Cost of other services 3,204 2,643 - - Cost of sales 131 - - - Administrative expenses 61,838 80,862 47,910 74,310 Total expenses 1,303,056 938,488 772,923 481,146 Profit (loss) before share of profit (loss) from investments in associates and joint ventures, finance cost and income tax expenses (103,076) 24,878 (121,654) 2,848 Share of profit (loss) from investments in joint ventures 12.2 (1,309) (1,855) - - Profit (loss) before finance cost and income tax expenses (104,385) 23,023 (121,654) 2,848 Finance cost 4 7,454 5,710 9,419 7,549 Profit (loss) before income tax expenses (111,839) 17,313 (131,073) (4,701) Income tax income (expenses) 20 1,892 (6,119) 12,321 35 PROFIT (LOSS) FOR THE PERIOD (109,947) 11,194 (118,752) (4,666) Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements Notes 0000 0000 0000 2020 Other comprehensive income: Components of other comprehensive income that will be reclassified to profit or loss Exchange differences on translation of financial statements in foreign currency (977) (2,891) - - Components of other comprehensive income that will not be reclassified to profit or loss Actuarial gains 22,025 - 30,929 - Other comprehensive income for the period - net of income tax 21,048 (2,891) 30,929 - Total comprehensive income for the period (88,899) 8,303 (87,823) (4,666) Profit (loss) attributable to: Equity holders of the Company (109,505) 11,644 (118,752) (4,666) Non-controlling interests of the subsidiaries (442) (450) - - (109,947) 11,194 (118,752) (4,666) Total comprehensive income attributable to: Equity holders of the Company (89,319) 9,873 (87,823) (4,666) Non-controlling interests of the subsidiaries 420 (1,570) - - (88,899) 8,303 (87,823) (4,666) Earnings per share 21 Basic earnings (loss) per share Profit (loss) attributable to equity holders of the Company (0.0114) 0.0012 (0.0124) (0.0005) 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 financial statements Equity attributable to the parent's shareholders Other dificit Retained earnings Appropriated - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 (deficit) Other components of equity Equity attributable Total Total equity to non-controlling shareholders' paid-up Deficit on Total Appropriated - Statutory reserve Unappropriated Other comprehensive Total other attributable to interests of equity share capital revaluation other deficit The Company Subsidiary components of shareholders of the subsidiaries of investment in subsidiaries Exchange differences on translation of financial statements in foreign currency Share of other comprehensive income from associate shareholders' equity the Company 1,198,393 (2,956) (2,956) - 4,108 (347,048) 14,716 900 15,616 868,113 (28,526) 839,587 - - - - 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 - 11,644 - - 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 - 11,644 (450) 11,194 - - - - - - (1,771) - (1,771) (1,771) (1,120) (2,891) - - - - - 11,644 (1,771) - (1,771) 9,873 (1,570) 8,303 1,198,393 (2,956) (2,956) - 4,108 (335,404) 12,945 900 13,845 877,986 (30,096) 847,890 1,198,393 (2,956) (2,956) - 4,108 (791,218) 16,493 900 17,393 425,720 (29,017) 396,703 - - - - - (109,505) - - - (109,505) (442) (109,947) - - - - - 22,025 (1,839) - (1,839) 20,186 862 21,048 - - - - - (87,480) (1,839) - (1,839) (89,319) 420 (88,899) 1,198,393 (2,956) (2,956) - 4,108 (878,698) 14,654 900 15,554 336,401 (28,597) 307,804 Balance as at January 1, 2020 Profit (loss) for the period Other comprehensive income for the period Total comprehensive income for the period Balance as at March 31, 2020 Balance as at January 1, 2021 Profit (loss) for the period Other comprehensive income for the period Total comprehensive income for the period Balance as at March 31, 2021 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income In Thousand Baht Separate financial statements Issued and service 2,884 5,296 1,528 4,099 Other income 6 2,303 1,497 2,047 1,515 Retained earnings (deficit) 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 paid-up Appropriated - Unappropriated shareholders' share capital Statutory reserve equity Balance as at January 1, 2020 1,198,393 - (loss551,368) 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) 647,025 Profit (loss) for the period 59,304 - - (9,5834,666) 61,226 (9,9364,666) 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) - - (4,666) (4,666) Balance as at March 31, 2020 1,198,393 - 59,304 (9,583556,034) 61,226 642,359 Balance as at January 1, 2021 1,198,393 - (9,936771,499) 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 26 426,894 Profit (loss) for the period - - (Baht per share118,752) 0.048 (0.008118,752) 0.049 Other comprehensive income for the period - - 30,929 30,929 Total comprehensive income for the period - - (0.00887,823) (87,823) Balance as at March 31, 2021 1,198,393 - (859,322) 339,071 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 Consolidated financial statements Separate financial statements 0000 0000 0000 2020 Cash flows from operating activities Profit (loss) before tax (111,839) 17,313 (131,073) (4,701) Adjustments to reconcile profit (loss) before tax to net cash provided by (paid from) operating activities Depreciation and amortisation 18,540 29,460 15,087 25,865 Allowance for doubtful debt - - - 3,688 Unrealised (gain) loss on exchange rate (21) (356) (21) (355) (Gain) loss on disposal of equipment (94) (237) (93) - Loss on write-off of equipment 12 10 12 8 (Gain) loss from cancellation of lease agreement (52) - (66) - Share of (profit) loss from investments in joint venture 1,236 1,855 - - Provision for liabilities under construction projects 138,466 1,000 138,466 - Non-current provisions for employee benefits 3,284 3,687 2,317 3,035 Interest income - (227) - (227) Interest expenses 81,156 26,761 85,306 26,113 Tax expenses (income) 25 14,490 3,521 14,444 3,445 7,454 5,710 9,419 7,549 Profit (loss) from operating activities before changes in operating assets and liabilities 56,986 58,215 34,048 34,862 (Increase) decrease in operating assets Trade and other current receivables (61,741) 546,139 (48,405) 384,902 Unbilled receivables (373,662) (301,478) (200,572) (332,971) Advance paid to subcontractors under construction contracts 119,015 54,489 129,186 24,588 Construction in progress 36,291 (129,989) 76,316 25,788 Inventories (20,353) (2) - - Other current assets (8,153) (1,627) (4,734) 4,074 Other non-current assets (690) (688) 8 1 Notes to interim financial statements form an integral part of these statements. Consolidated financial statements Separate financial statements 0000 0000 0000 2020 Increase (decrease) in operating liabilities Trade and other current payables 152,220 (88,972) 48,619 (33,517) Unbilled payables 186,437 85,554 62,318 105,112 Unearned construction revenue (9,980) - (9,980) - Accounts payable - retention under construction contracts 19,316 11,620 6,880 (6,747) Advances received from customers under construction contracts (26,694) (45,707) (73,321) (13,123) Other current liabilities (4,239) (23,102) (5,567) (24,651) Cash flows from provide by (used in) operating activities 25,791 127,953 (2,405) 163,697 Xxxx paid for the period 66,666 23,240 70,862 22,668 Other comprehensive provision for liabilities under construction projects (129,589) (32,909) (78,994) (880) Cash paid for non-current provision for employee benefits (2,600) (3,695) - (3,367) Cash paid for income tax (17,952) (23,145) (11,519) (15,358) Received from withholding tax refund 6,522 20,999 - 20,999 Net cash flows provided by (used in) operating activities (117,828) 89,203 (92,918) 165,091 Cash flows from investing activities Decrease in restricted deposits at banks 28,996 - 28,996 - Decrease in short-term loans to related parties - - - (3,688) Cash paid for investing in subsidiaries - 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 (1,793300) - Cash paid for investing in joint venture - (74,625) - (74,625) Interest income - 227 - 227 Xxxx received from disposal of equipment 96 336 93 - Cash paid for purchase of property, plant and equipment (27,771) (4,331) (25,518) (3,853) Cash paid for purchase of intangible assets (79) - (30) - Net cash flows provided by (used in) investing activities 1,242 (78,393) 3,241 (81,939) Cash flows from financing activities Increase (decrease) in bank overdrafts and short-term loans from financial institutions 96,351 23,787 42,702 72,787 Cash receive from short-term loans from related parties - - Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 Non114,000 208,000 Cash paid for short-controlling interests (1,793) term loans from related parties - - - BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss28,000) for the period (Baht per share331,000) 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 financial statements Separate financial statements 0000 0000 0000 2020 Repayment of debentures - (30,000) - (30,000) Interest expenses (7,009) (5,777) (3,303) (8,175) Decrease in lease liabilities (4,084) (3,189) (2,536) (1,361) Net cash flows provided by (used in) financing activities 85,258 (15,179) 122,863 (89,749) Increase (decrease) in translation adjustment (977) (2,891) - - Net increase (decrease) in cash and cash equivalents (32,305) (7,260) 33,186 (6,597) Cash and cash equivalents at the beginning of the period 89,785 182,190 2,248 94,272 Cash and cash equivalents at the end of the period 57,480 174,930 35,434 87,675 Supplemental cash flows information Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued cash items consist of Increase (decrease) in purchase of fixed assets 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 intangible assets that have yet to be paid (7,180) (2,533) (5,497) (2,123) Accrued payables the investment in subsidiary Comprehensive income Profit for the period subsidiaries - - - - - - - 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 - 2,571,521 125 Lease liabilities 7,877 25,814 7,877 12,275 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 Xxxx 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) - - - Xxxx 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

Samples: 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 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 Xxxx 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) - - - Xxxx 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

Samples: Reviewed Report and Interim Financial Information

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 7, 2020 2019 In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note financial statements financial statements As at June September 30, As at December 31, As at June September 30, As at December 30, 2020 31, Notes 2019 30, 2020 31, 2018 2019 2018 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 5 329,397 892,369 163,694 719,866 Trade and other current receivables 4, 6 1,083,339 418,473 1,127,378 552,139 Inventories 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 1,600,265 1,114,413 1,525,404 1,032,508 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 3,013,001 2,425,255 2,816,476 2,304,513 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment Loan to related party 4 - - 443,168 289,215 Loan to employee 8 82,085 69,452 82,085 69,452 Investments in associates 9 - - - - Investments in subsidiaries 12 10 - - 86,864 79,364 Investment property 13 206,549 192,201 206,549 192,201 266,307 275,464 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 11 1,315,216 1,357,272 785,575 817,232 Goodwill 10.1 20,837 21,553 - 12,367 - Prepaid rental expense (Land leasehold) 12 140,117 145,431 - - Intangible assets 16 4,260 4,653 4,148 4,528 10,012 6,387 5,597 3,951 Deferred tax assets 17 16,983 14,645 15,261 12,923 13 4,687 7,889 4,687 7,889 Other non-current assets 8,958 9,387 8,888 9,267 559 578 8 8 Total non-current assets 358,606 328,854 433,947 397,754 1,573,513 1,608,562 1,587,427 1,463,211 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,586,514 4,033,817 4,403,903 3,767,724 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements financial statements financial statements CURRENT LIABILITIES As at June As at December As at June As at December Note September 30, 2020 December 31, 2019 September 30, 2020 December 31, Notes 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 - 2018 2019 2018 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 financial institution 14 23,953 160,846 - - Trade and other payables 4, 15 1,386,866 713,491 1,270,634 621,261 Current portion of financial lease agreements 1,042 1,038 562 - Income tax payable 2,591 150 2,534 97 Total current liabilities 838,493 1,053,554 834,933 1,047,095 1,414,452 875,525 1,273,730 621,358 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease Financial lease agreements 2,357 177 2,113 - Deferred tax liabilities 21 8,681 13 44,049 46,308 - 8,681 - Employee benefit obligations 16 23,387 18,860 23,387 18,860 Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 warranty 17 74,318 122,679 73,414 121,745 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 other liabilities 6,490 3,950 6,490 3,950 - 830 - 830 Total non-current liabilities 452,695 477,191 447,584 471,940 144,111 188,854 98,914 141,435 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 1,558,563 1,064,379 1,372,644 762,793 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements financial statements financial statements As at June September 30, As at December 31, As at June September 30, As at December 30, 2020 31, Notes 2019 30, 2020 31, 2018 2019 Share capital Authorized 2018 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised share capital 1,245,284,305 500 million ordinary shares of Baht 1.00 1 each 1,245,284 1,245,284 1,245,284 1,245,284 500,000 500,000 500,000 500,000 Issued and paid-up share capital 1,245,283,691 500 million 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 1 each, fully paid 500,000 500,000 500,000 500,000 PREMIUM ON ORDINARY SHARES 140,000 140,000 140,000 140,000 PREMIUM (DISCOUNT) ON TREASURY SHARES (153,610) (153,610) (153,610) (153,610) PROPORTION IN SUBSIDIARY (15,250) (15,250) - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 NonRETAINED EARNINGS Appropriated Legal reserve 50,000 50,000 50,000 50,000 Treasury share reserve 295,812 295,812 295,812 295,812 Unappropriated 3,292,233 3,141,151 3,363,200 3,218,000 OTHER COMPONENTS OF SHAREHOLDERS' EQUITY (848,963) (748,510) (868,331) (749,459) Less Treasury shares (295,812) (295,812) (295,812) (295,812) NON-controlling interests 5,181 4,474 CONTROLLING INTERESTS 63,541 55,657 - - TOTAL SHAREHOLDER’S SHAREHOLDERS' EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 3,027,951 2,969,438 3,031,259 3,004,931 TOTAL LIABILITIES AND SHAREHOLDER’S SHAREHOLDERS' 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 4,586,514 4,033,817 4,403,903 3,767,724 DIFFERENCE FROM CHANGE IN SHAREHOLDING Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Non-controlling Separate financial statements financial statements Notes 2019 2018 2019 2018 REVENUES Revenue from sales and rendering of services 951,425 1,018,399 924,929 947,549 Other incomes 16,510 4,203 17,761 3,204 Total Share capital Premium revenues 967,935 1,022,602 942,690 950,753 EXPENSES Cost of sales of goods and rendering of services 4 584,999 798,799 582,691 759,122 Selling expenses 102,557 98,548 102,557 98,001 Administrative expenses 54,858 62,611 40,571 41,046 Loss on Retained earnings Other exchange rate 10,867 12,490 8,285 16,723 Management benefit expenses 8,460 8,832 6,049 6,242 Finance costs 740 2,300 354 494 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 expenses 762,481 983,580 740,507 921,628 Profit before income Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 tax revenue (1,793expense) 2,500 66,666 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 68,459 - 68,459 205,454 39,022 202,183 29,125 Income tax revenue (1,793expense) 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 - - - - - - (37,3584,384) 23,240 - 12,789 (37,3585,094) - 23,240 - - 11,946 PROFIT (37,358LOSS) 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 FOR THE PERIOD 201,070 51,811 197,089 41,071 Notes to interim financial statements form an integral part of these statements. In ThousandBaht Thousand Baht Consolidated 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 financial statements financial statements Notes 2019 2018 2019 2018 Transactions that maybe reclassified after entering into profit or loss statement Exchange differences from convesion of equity Beginning balance as at January 1, 2020 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period financial statements (32,304) (123,929) (35,917) (132,735) Transactions that will not be reclassified after entering into profit or loss statement - - - - OTHER COMPREHENSIVE INCOME FOR THE PERIOD (32,304) (123,929) (35,917) (132,735) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 168,766 (72,118) 161,172 (91,664) PROFIT (LOSS) ATTRIBUTABLE TO : Owners of the Company 200,816 47,532 197,089 41,071 Non-controlling interests 254 4,279 - - Total comprehensive income for 201,070 51,811 197,089 41,071 TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO : Owners of the period Company 168,512 (76,397) 161,172 (91,664) Non-controlling interests 254 4,279 - - - 70,862 70,862 Ending balance as at June 30, 2020 1,245,284 577,530 75,360 742,642 2,640,816 - - - 168,766 (37,35872,118) - 161,172 (37,35891,664) - - - 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 BASIC EARNINGS (LOSS) PER SHARE 19 0.42 0.11 0.41 0.09 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2020 financial statements financial statements Notes 2019 2020 2018 2019 CASH FLOWS FROM OPERATING ACTIVITIES 2018 REVENUES Revenue from sales and rendering of services 2,310,634 2,649,945 2,191,951 2,499,643 Other incomes 36,747 29,740 39,238 26,797 Gain on exchange rate 8,332 - 9,352 - Total revenues 2,355,713 2,679,685 2,240,541 2,526,440 EXPENSES Cost of sales of goods and rendering of services 4 1,561,827 1,773,003 1,517,354 1,697,578 Selling expenses 196,538 307,911 196,538 307,364 Administrative expenses 166,675 246,619 116,994 166,366 Loss on exchange rate - 16,382 - 18,920 Management benefit expenses 26,216 24,671 18,832 18,431 Finance costs 4,995 7,733 2,921 2,751 Total expenses 1,956,251 2,376,319 1,852,639 2,211,410 Profit before income tax revenue (lossexpense) for the period 66,666 23,240 70,862 22,668 to net cash provided by 399,462 303,366 387,902 315,030 Income tax revenue (used inexpense) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized gain from trading securities 18 (13,243) (211,232) (15,449) (213,955) Doubtful account - 980 - 980 PROFIT (GainLOSS) 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 FOR THE PERIOD 396,219 292,134 382,453 301,075 Notes to interim financial statements form an integral part of these statements. 2020 In Thousand Baht Consolidated Separate financial statements financial statements Notes 2019 2020 2018 2019 Increase 2018 Transactions that maybe reclassified after entering into profit or loss statement Exchange differences on translating financial statements Transactions that will not be reclassified after entering into profit (decrease100,453) in operating liabilities Trade and other current payables 23,969 (2,86136,853) 26,846 (3,426118,872) Other non-current liabilities 2,540 943 2,540 943 Cash receivable (paid38,921) from the operations 383,059 216,534 390,880 215,532 Xxxx 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) - - - Xxxx paid for provision or loss statement Actuarial gains for employee benefit obligations plan 16 1,542 - 1,542 - Income tax relating to other comprehensive income (5,613308) - (5,613308) - Income tax expenses paid OTHER COMPREHENSIVE INCOME FOR THE PERIOD (9,52599,219) (15,41236,853) (9,481117,638) (15,36738,921) Net cash provided by TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 297,000 255,281 264,815 262,154 PROFIT (used inLOSS) 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 ATTRIBUTABLE TO : Owners of capital in subsidiary the Company 388,335 290,149 382,453 301,075 Non-controlling interests 7,884 1,985 - - 396,219 292,134 382,453 301,075 TOTAL COMPREHENSIVE INCOME (7,500LOSS) ATTRIBUTABLE TO : Owners of the Company 289,116 253,296 264,815 262,154 Non-controlling interests 7,884 1,985 - Cash paid for purchase of fixed assets - 297,000 255,281 264,815 262,154 BASIC EARNINGS (4,670LOSS) (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 PER SHARE 19 0.81 0.64 0.80 0.67 Notes to interim financial statements form an integral part of these statements. CASH FLOWS FROM FINANCING ACTIVITIES Increase In Thousand Baht Consolidated financial statements "UNAUDITED" "REVIEWED" Issued and Premium Premium Difference from Paid-up on Ordinary (decreasediscount) change in bank overdrafts and shortRetained Earnings Appropriated Other Components of Shareholders' Equity Total Equity Non- Total Unappropriated Exchange Differences Total Attributable to Treasury controlling Shareholders' For the nine-term Consolidated month period ended September 30, 2019 Note Share Capital Shares on treasury shareholding Legal Reserve Treasury shares on Translating Other Owners shares Interests Equity Shares proportion reserve Financial Statements Separate Financial Statements 2020 Components of of the Company in subsidiary Shareholders' Equity Balance as at January 1, 2019 2020 2019 loans from the financial institutions 500,000 140,000 (94,098153,610) (63,74315,250) 50,000 295,812 3,141,151 (748,510) (94,098748,510) 3,209,593 (63,743295,812) Cash 55,657 2,969,438 Dividend paid for liabilities under lease liabilities (1,760) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 20 - - - Cash paid for short-term loan from other company - - - (48,162238,487) - - (238,487) - - (238,487) Profit (loss) for the period - - - - - - 388,335 - - 388,335 - 7,884 396,219 Other comprehensive income (loss) - - - - - - 1,234 (100,453) (100,453) (99,219) - - (99,219) Total comprehensive income (loss) for the period - - - - - - 389,569 (100,453) (100,453) 289,116 - 7,884 297,000 Balance as at September 30, 2019 500,000 140,000 (153,610) (15,250) 50,000 295,812 3,292,233 (848,963) (848,963) 3,260,222 (295,812) 63,541 3,027,951 For the nine-month period ended September 30, 2018 Beginning balance, as at January1, 2018 500,000 140,000 - - 50,000 643,070 2,556,945 (693,110) (693,110) 3,196,905 (643,070) 41,626 2,595,461 Diposals of treasury shares - - (59,862) - - (135,044) 135,044 - - (59,862) 135,044 - 75,182 Dividened paid - - - - - - (179,984) - - (179,984) - - (179,984) Profit (loss) for the period - - - - - - 290,149 - - 290,149 - 1,985 292,134 Other comprehensive income (loss) - - - - - - - (36,853) (36,853) (36,853) - - (36,853) Change in shareholding proportion in subsidiary - - - (15,250) - - - - - (15,250) - 10,460 (4,790) Total comprehensive income (loss) for the period - - - (15,250) - - 290,149 (36,853) (36,853) 238,046 - 12,445 250,491 Balance as at September 30, 2018 500,000 140,000 (59,862) (15,250) 50,000 508,026 2,802,154 (729,963) (729,963) 3,195,105 (508,026) 54,071 2,741,150 Comprehensive income (loss) for the period Comprehensive income (loss) for the period Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" In Thousand Baht Separate financial statements Issued and Premium Premium (discount) Retained Earnings Other Components of Shareholders' Equity Total Paid-up on Ordinary on treasury Appropriated Unappropriated Exchange Differences Total Shareholders' Share Capital Shares Shares Legal Reserve Treasury share on Translating Other Treasury share Equity reserve Financial Statements Components of Note Shareholders' Equity For the nine-month period ended September 30, 2019 500,000 140,000 (153,610) 50,000 295,812 3,218,000 (749,459) (749,459) (295,812) 3,004,931 20 - - - - - (238,487) - - - (238,487) - - - - - 382,453 - - - 382,453 - - - - - 1,234 (118,872) (118,872) - (48,162) Cash paid for short-term loan a related party - (1,000117,638) - - Cash received from long-term loans 178,043 259,267 178,043 259,267 Cash paid for long-term loans - - - 383,687 (370,378118,872) (272,694118,872) - 264,815 Dividend paid Comprehensive income (loss) for the period Profit (loss) for the period Other comprehensive income (loss) Total comprehensive income (loss) for the period Balance as at September 30, 2019 500,000 140,000 (153,610) 50,000 295,812 3,363,200 (868,331) (370,378868,331) (272,694295,812) Interest paid 3,031,259 Balance as at January 1, 2018 500,000 140,000 - 50,000 643,070 2,599,605 (28,714727,614) (42,793727,614) (28,576643,070) 2,561,991 Diposals of treasury shares - - (42,61559,862) - (135,044) 135,044 - - 135,044 75,182 Dividend paid - - - - - (37,358179,984) - - - (179,984) Profit (loss) for the period - - - - - 301,075 - - - 301,075 Other comprehensive income (loss) - - - - - - (38,921) (38,921) - (37,35838,921) Net cash provided by Total comprehensive income (used inloss) financing activities for the period - - - - - 301,075 (314,40738,921) (206,48438,921) - 262,154 Balance as at September 30, 2018 500,000 140,000 (59,862) 50,000 508,026 2,855,740 (766,535) (316,769766,535) (205,306508,026) Net increase 2,719,343 For the nine-month period ended September 30, 2018 Comprehensive income (decreaseloss) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) Cash and cash equivalents, beginning for the period Notes to interim financial statements form an integral part 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 14,675these statements.

Appears in 1 contract

Samples: Reviewed Report and Interim Financial Information

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 Xxxxxxx Xxxxxxxxxxx) 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 Xxxx 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) - - - Xxxx 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

Samples: Reviewed Report and Interim Financial Information

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 2019 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 3031, 2020 2018 31, 2019 31, 2018 Cash and cash equivalents 57,147 27,210 49,089 19,195 71,839 29,219 69,449 26,623 Short-term investments 947 946 707 706 Trade and other current receivables 7 8,647 7,108 6,039 6,216 accounts receivable 45 - - - Short-term loan to related parties 4 - - - - Inventories 8 158,111 172,056 158,049 171,983 5 267,066 311,754 267,066 311,754 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 6 1,487,181 1,597,714 1,487,181 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 1,975,410 1,954,096 1,902,002 1,880,688 Other current assets 2,054 3,310 2,116 3,330 4 7,037 11,816 6,942 11,861 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 3,809,525 3,905,545 3,733,347 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 9,979 9,242 9,979 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 10 189,594 194,086 189,594 194,086 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - 11 104,702 106,705 104,697 106,698 Intangible assets 16 4,260 4,653 4,148 4,528 12 4,583 4,764 4,583 4,764 Witholding tax 11,106 11,178 10,989 10,989 Deferred tax assets 17 16,983 14,645 15,261 12,923 asstes 21 16,283 14,095 14,562 12,374 Other non-current assets 8,958 9,387 8,888 9,267 3,505 4,012 3,305 4,012 Total non-current assets 358,606 328,854 433,947 397,754 339,752 344,082 409,573 414,029 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,149,277 4,249,627 4,142,920 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 March As at December As at June March As at December Note 30, 2020 31, 2019 3031, 2020 2018 31, 2019 31, 2018 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 13 399,618 456,425 399,618 456,425 Trade notes payable 22,153 24,301 22,153 24,301 Trade accounts payable and other current payables payable 75,791 59,114 75,791 59,108 Payable to related parties 4 37,932 39,738 37,932 41,355 Accrued expenses 4 17,274 36,349 17,062 35,372 Accrued corporate income tax 14,367 9,014 14,367 9,014 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 - 1 - 1 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 - 15 370,577 395,424 370,577 395,424 Short-term loan from other company 16 35,654 48,162 35,654 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 2,500 2,500 4 3,000 3,000 - - Advance received from customers 3,365 3,077 3,365 3,077 Retention from contractors 72,131 74,043 71,873 73,785 Other current liabilities 10,296 3,005 10,230 2,914 Total current liabilities 838,493 1,053,554 834,933 1,047,095 1,291,158 1,381,653 1,287,622 1,377,938 NON-CURRENT LIABILITIES Liabilities under the finance lease agreement 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 15 117,087 162,293 117,087 162,293 Employee benefit obligations 22 61,434 64,930 59,632 63,222 17 57,189 55,789 55,447 54,112 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 Provision 18 20,114 19,527 20,114 19,527 Liabilities from purchasing the real estate project 24 42,507 19 42,741 42,741 39,198 39,198 Other non-current liabilities 6,490 3,950 6,490 3,950 2,526 1,985 2,526 1,985 Total non-current liabilities 452,695 477,191 447,584 471,940 239,657 282,335 234,372 277,115 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 1,530,815 1,663,988 1,521,994 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 March As at December As at June March As at December 30, 2020 31, 2019 3031, 2020 2018 31, 2019 31, 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 Retained earnings 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 737,765 669,306 742,642 671,780 721,498 688,675 723,962 691,358 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 2,618,462 2,585,639 2,620,926 2,588,322 Non-controlling interests 5,181 4,474 - - - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 2,618,462 2,585,639 2,620,926 2,588,322 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 4,149,277 4,249,627 4,142,920 4,243,375 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note 2019 2018 2019 2018 REVENUES Sales 520,136 213,141 520,136 213,141 401,559 395,944 401,559 395,944 Rental income and service 2,884 5,296 1,528 4,099 5,459 5,391 4,169 4,152 Other income 6 2,303 1,497 2,047 1,515 4 1,450 1,442 1,462 2,230 Total Revenues 525,323 219,934 523,711 218,755 408,468 402,777 407,190 402,326 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 4 255,724 261,314 255,724 261,314 Cost for rent and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 5,070 5,366 4,126 4,293 Selling expenses 49,254 58,805 49,254 58,805 Administrative expenses 6 54,413 42,894 53,404 43,077 4 38,393 39,495 38,338 39,050 Management benefit expenses 4 8,698 8,565 8,698 8,565 Finance cost 4 11,278 19,952 11,218 19,945 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 9,730 368,417 393,497 367,358 391,972 Income (loss) before tax expenses 72,404 (13,290) 74,282 (13,719) 40,051 9,280 39,832 10,354 Tax expenses (income) 25 13,100 (3,707) 13,056 (3,783) 21.2 7,228 2,552 7,228 2,552 Profit (loss) for the period 59,304 (9,583) 61,226 (9,936) 32,823 6,728 32,604 7,802 Other comprehensive income 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) 32,823 6,728 32,604 7,802 Profit (loss) attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 32,823 6,728 32,604 7,802 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 32,823 6,728 32,604 7,802 Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 32,823 6,728 32,604 7,802 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 32,823 6,728 32,604 7,802 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 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 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 - - - - 32,823 - - - 32,823 - - - 32,823 - Total comprehensive income for the period - - - 32,823 - 32,823 - 32,823 Ending balance as at March 31, 2019 1,245,284 577,530 74,150 721,498 - 2,618,462 - 2,618,462 Beginning balance as at January 1, 2018 1,245,284 577,530 69,150 597,374 - 2,489,338 - 2,489,338 Comprehensive income Profit for the period - - Other comprehensive income for the period - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 6,728 - 6,728 - - - 6,728 - 6,728 - - - 6,728 - 6,728 Ending balance as at June 30March 31, 2019 2018 1,245,284 577,530 74,150 674,557 69,150 604,102 - 2,571,521 2,496,066 - 2,571,521 2,496,066 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 74,150 691,358 - 2,569,954 2,588,322 - - 70,862 32,604 - 70,862 32,604 Note paid-up legal reserve of equity Beginning balance as at January 1, 2020 2019 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 32,604 32,604 Ending balance as at June 30March 31, 2020 2019 1,245,284 577,530 75,360 742,642 2,640,816 74,150 723,962 2,620,926 577,530 69,150 597,193 - 2,489,157 - - 7,802 - (37,358) - (37,358) - - - 22,668 - 22,668 7,802 Beginning balance as at January 1, 2019 2018 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 7,802 7,802 Ending balance as at June 30March 31, 2019 2018 1,245,284 577,530 74,150 676,668 2,573,632 69,150 604,995 2,496,959 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 32,823 6,728 32,604 7,802 to net cash provided by (used in) operating activities : Depreciation and amortization 11,413 10,631 10,709 10,627 5,344 6,019 5,342 6,002 Unrealized gain from trading securities (1) (21) (1) (21) Doubtful account 980 - 980 - 980 (Gain) loss from sale and amortization of fixed assets - (30) - (30) (Gain) loss from sale and amortization of investment property 2,962 - 2,963 2,962 - 2,963 Provision for compensation for housing estate juristic persons 1,751 866 1,751 866 587 521 587 521 Employee benefit expenses 1,698 2,292 1,620 2,184 1,109 841 1,055 806 Interest income (7525) (79783) (7424) (77782) Interest expenses 17,571 21,060 17,483 20,948 Finance cost 11,278 19,952 11,218 19,945 Tax expenses (income) 14,490 3,521 14,444 3,445 7,228 2,552 7,228 2,552 Income from operating activities before changes in operating assets and liabilities 113,513 65,472 116,794 64,602 62,285 35,799 61,951 36,815 Decrease (increase) in operating assets Trade account receivable (45) - - - Inventories 13,945 74,693 13,934 74,693 44,688 50,986 44,688 50,986 Property development costs 230,356 74,755 230,356 74,755 92,136 73,733 92,136 73,733 Land held for development - 508 - 508 5,649 (26,714) 5,649 (26,714) Other current assets 1,256 2,526 1,214 2,668 3,737 1,029 3,876 472 Other non-current assets (981) 589 (981) 789 507 58 707 58 Notes to interim financial statements form an integral part of these statements. 2020 In Thousand Baht 2019 2020 2018 2019 2018 Increase (decrease) in operating liabilities Trade notes payable (2,148) (4,675) (2,148) (4,675) Trade accounts payable and other payable 16,677 92 16,683 77 Payable to related parties (1,806) (1,029) (3,423) (986) Accrued expenses (17,418) 4,717 (16,613) 4,684 Advance received from customers 288 (1,353) 288 (1,353) Retention from contractors (1,912) 1,943 (1,912) 1,943 Other current payables 23,969 liabilities 7,291 (2,8617) 26,846 7,316 (3,42618) Other non-current liabilities 2,540 943 2,540 943 541 - 541 - Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 210,470 134,579 209,739 135,022 Xxxx received from interest income 75 79 74 76 88 67 87 66 Witholding taxes refunded from Revenue Department 95 95 125 - - Cash paid for provision from purchasing the real estate project (234) - - - Xxxx paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,5254,085) (15,4124,032) (9,4814,062) (15,3674,013) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 206,568 130,739 205,764 131,075 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - - 900 Increase in temporary investment (1) - (411) - Increase in short-term investments (737) - (40) Increase in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary - - (7,500737) - Proceeds from sales of fixed assets - 80 - 80 Cash paid for purchase of fixed assets (4,670658) (1,285843) (2,857658) (1,256843) Cash paid for purchase of investment property (16,811973) - (4,829973) (16,811) (4,829) - Cash paid for purchase of intangible assets - (2721) - (27) - Net cash provided by (used in) investing activities (23,511) (6,913) (29,197) (6,88321) 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 In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2018 2019 2018 loans from the financial institutions (94,09856,807) 55,202 (63,74356,807) (94,098) (63,743) 55,202 Cash paid for liabilities under finance lease liabilities agreement (1,7601) (209) (1) (1,760209) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan from other company - (48,16212,508) (40,000) (12,508) (40,000) Xxxx received from short-term loan a related party (1,000) - (48,162) - - Xxxx received from short-term loan from the directors - 1,500 - 1,500 Cash paid for short-term loan a related party from the directors - (1,000) - - Cash (1,000) Xxxx received from long-term loans 178,043 259,267 178,043 259,267 35,705 109,960 35,705 109,960 Cash paid for long-term loans (370,378105,758) (272,694188,478) (370,378105,758) (272,694188,478) Interest paid (28,71421,210) (42,79328,039) (28,57621,200) (42,615) Dividend paid - (37,358) - (37,35828,039) Net cash provided by (used in) financing activities (314,407161,579) (206,48491,064) (316,769160,569) (205,30691,064) Net increase (decrease) in cash and cash equivalents 29,939 (12,101) 29,894 (11,948) 42,620 38,891 42,826 40,127 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 71,839 60,843 69,449 59,880 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 784 607 669 607 597 837 597 837 Cash at bank 56,363 16,511 48,420 14,068 71,242 60,006 68,852 59,043 Total 57,147 17,118 49,089 14,67571,839 60,843 69,449 59,880

Appears in 1 contract

Samples: 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 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 Xxxx 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) - - - Xxxx 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

Samples: 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 Xxxx received from interest income 75 79 74 76 264 18 261 15 Witholding taxes refunded from Revenue Department 95 95 6,890 - - Cash paid for provision from purchasing the real estate project (234) - - - Xxxx paid for provision for employee benefit obligations (5,613) - (5,613) 6,765 - Income tax expenses paid (9,5258,077) (15,4127,499) (9,4818,037) (15,3677,435) Xxxx paid for provision for compensation for housing estate juristic persons - (342) - (342) 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) - Xxxx 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) - - Xxxx 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) Xxxx 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

Samples: 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 the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand August 10November 14, 2020 2022 "UNAUDITED" "REVIEWED" In Thousand Baht Consolidated Financial Statements financial statements Separate Financial Statements CURRENT ASSETS Note financial statements As at June September As at December As at June September As at December Note 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 Trade and other 288,625 249,587 191,891 160,484 - general companies 6 151,827 191,242 112,025 132,490 - related companies 5, 6 12,699 25,291 4,579 6,529 Other current receivables - general companies 45,302 29,718 40,452 10,554 - related companies 5 1,839 1,354 247,901 224,841 Trade accounts receivable from construction work 6 - 2,603 - 2,603 Current contract assets 6.2 13,463 24,245 13,463 24,245 Inventories 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 330,843 349,945 136,930 164,727 Advance for development 10 1,594,281 1,673,191 1,520,873 1,599,783 Other current financial assets 956 954 714 712 purchase of inventories 70,024 64,784 70,024 64,784 Short-term loan to related companies 5 - - 57,691 57,691 Other current assets 2,054 3,310 2,116 3,330 32,681 35,008 6,647 11,747 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 4,088,989 947,303 973,777 881,603 860,695 Notes to interim financial statements form an integral part of these statements. statement "UNAUDITED" "REVIEWED" In Thousand Baht Consolidated Financial Statements financial statements Separate Financial Statements financial statements As at June September As at December As at June September As at December Note 30, 2020 2022 31, 2019 2021 30, 2020 2022 31, 2019 2021 NON-CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 ASSETS Restricted deposit with bank 8 5,659 5,640 5,420 5,420 Trade and other non-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 receivables 61,988 54,506 61,988 54,506 Other non-current liabilities 6,490 3,950 6,490 3,950 financial assets 9 88,677 84,530 88,677 84,530 Investment - subsidiaries companies 10 - - 245,172 245,172 - associated companies 10 894,603 877,986 163,547 163,547 Property, plant and equipment 11 1,439,024 1,511,950 899,091 937,772 Right-of-use assets 26,354 25,950 10,874 9,002 Deferred tax assets 12 - - 938 879 Other non-current assets 11,846 3,839 328 387 Total non-current liabilities 452,695 477,191 447,584 471,940 assets 2,528,151 2,564,401 1,476,035 1,501,215 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 ASSETS 3,475,454 3,538,178 2,357,638 2,361,910 Notes to interim financial statements form an integral part of these statements. statement "UNAUDITED" "REVIEWED" In Thousand Baht Consolidated Financial Statements financial statements Separate Financial Statements financial statements As at June September As at December As at June September As at December Note 30, 2020 2022 31, 2019 2021 30, 2020 2022 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 paid2021 CURRENT LIABILITIES Short-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 term loans from financial institutions 13 53,000 65,000 3,000 - legal reserve 75,360 75,360 75,360 75,360 Unappropriated 737,765 669,306 742,642 671,780 Other components of equity Short-term loans from related companies 5 84,750 51,050 - - Trade accounts payable - general companies 162,995 185,916 78,859 91,556 Other current payable - general companies 14 127,408 151,422 108,083 127,715 Trade and other current payables - related companies 5 16,589 20,911 15,753 21,878 Current contract liabilities 520 16,947 520 16,947 Current portion of - Long-term loan from financial institutions 15 2,845 5,784 2,845 5,784 - Lease liabilities 9,876 9,271 3,721 3,419 Current provisions for employee benefits 15,887 16,679 15,576 16,368 Other current liabilities 29,788 10,194 28,845 8,989 Total current liabilities 503,658 533,174 257,202 292,656 NON-CURRENT LIABILITIES Long-term loans from financial institutions 15 - 1,399 - 1,399 Lease liabilities 13,230 14,663 7,770 6,074 Non-current provisions for employee benefits 54,485 52,346 35,569 33,980 Defferred Tax liabilities 12 33,168 32,875 - - Other non-current liabilities 45,855 60,667 45,385 60,667 Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 Nonnon-controlling interests 5,181 4,474 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 current liabilities 146,738 161,950 88,724 102,120 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 650,396 695,124 345,926 394,776 Notes to interim financial statements form an integral part of these statements. Sales 520,136 213,141 520,136 213,141 Rental income statement "UNAUDITED" "REVIEWED" In Thousand Baht Consolidated financial statements Separate financial statements As at September As at December As at September As at December Note 30, 2022 31, 2021 30, 2022 31, 2021 SHAREHOLDERS' EQUITY Share capital - common share at Baht 1 par value - Registered 593,125,849 shares 593,126 593,126 593,126 593,126 - Issued and service 2,884 5,296 1,528 4,099 paid - up 593,125,849 shares 593,126 593,126 593,126 593,126 Premium on ordinary shares 72,404 72,404 72,404 72,404 Retained earnings - Appropriated legal reserve 59,313 59,313 59,313 59,313 - Unappropriated 1,810,733 1,829,953 1,248,733 1,207,473 Other income 6 2,303 1,497 2,047 1,515 components of equity 70,979 67,661 38,136 34,818 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' shareholder's equity of the parent company 60,110 (9,583) 61,226 (9,936) 2,606,555 2,622,457 2,011,712 1,967,134 Non-controlling interests (806) 218,503 220,597 - - - 59,304 (9,583) 61,226 (9,936) Total comprehensive income attributable to ShareholdersTOTAL 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) EQUITY 2,825,058 2,843,054 2,011,712 1,967,134 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 3,475,454 3,538,178 2,357,638 2,361,910 Notes to interim financial statements form an integral part of these statements. statement "UNAUDITED" "REVIEWED" Consolidated financial statements Separate financial statements 2022 2021 2022 2021 Sales 849,116 614,700 849,116 614,700 Rental and services income and service 5,295 10,755 3,684 8,268 Other Construction income 6 4,202 2,947 3,933 2,977 Total Revenues 858,613 628,402 856,733 625,945 EXPENSES revenues Cost Cost of sales 6 554,025 410,217 554,025 410,217 and services Cost for rent and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 of construction Total cost Gross profit Dividend income Other income Gain on foreign exchange rates Profit before expenses Selling expenses Administrative expenses 6 100,626 89,985 98,887 90,113 Loss on foreign exchange rates Total Expenses 759,886 580,581 753,944 578,884 Income expenses Profit (loss) from operations Finance costs Profit (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 equity in net income of associated companies Share of profit from investment in associated companies Profit (loss) before income tax expenses 81,156 26,761 85,306 26,113 expense 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 42,584 7,468 19,733 330 70,115 888 523 523 82 605 Notes to interim financial statements form an integral part of these statements. In Thousand Baht statement "UNAUDITED" "REVIEWED" Consolidated Financial Statements Non-controlling Total Share capital Premium on Retained earnings financial statements Separate financial statements 2022 2021 2022 2021 Components of other comprehensive income to be reclassified to profit or loss Items that will not be reclassified subsequently to profit or loss Equity in comprehensive income of associated company Components of other comprehensive income not to be reclassified to profit or loss 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 comprehensive income Profit (expense) for the period Total comprehensive income (expense) for the period Note 10 (336) - - - - - - - 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 Xxxx 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) - - - Xxxx 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 14,675605

Appears in 1 contract

Samples: 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 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 Xxxx 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) - - - Xxxx 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

Samples: Reviewed Report and Interim Financial Information

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 Xxxx received from interest income 75 79 74 76 67 5 66 3 Witholding taxes refunded from Revenue Department 95 95 125 - - Cash paid for provision from purchasing the real estate project (234) - - - Xxxx paid for provision for employee benefit obligations (5,613) - (5,613) - Income tax expenses paid (9,5254,032) (15,4123,929) (9,4814,013) (15,3673,894) Xxxx paid for provision for compensation for housing estate juristic persons - (342) - (342) 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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Samples: Reviewed Report and Interim Financial Information

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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. Xxxxxxxx Xxxxxxxxxxxxxx) 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 0000 0000 0000 0000 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 0000 0000 0000 0000 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 Xxxx 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 (11,272) (14,474) (11,186) (14,378) Xxxx paid for provision for compensation for housing estate juristic persons (342) (11,703) (342) (11,703) Xxxx paid for libilities from purchasing the real estate project - (234) - - - Xxxx paid for provision for employee benefit obligations (5,61310,950) - (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 0000 0000 0000 0000 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) - Xxxx 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) - - Xxxx 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) Xxxx 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

Samples: Reviewed Report and Interim Financial Information

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 Xxxx 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) - - - Xxxx 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

Samples: Reviewed Report and Interim Financial Information

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 14, 2020 2018 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 2018 31, 2019 2017 30, 2020 2018 31, 2019 2017 CURRENT ASSETS Cash and cash equivalents 57,147 27,210 49,089 19,195 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 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 63,982 94,264 607,676 575,568 Real estate projects under development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 Land held 6 12,161,757 11,474,271 9,514,008 9,314,927 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 17 316,462 291,600 316,462 291,600 Short-term loans to related parties 4 - - 1,347,556 1,303,804 Other current assets 2,054 3,310 2,116 3,330 188,020 90,206 172,485 75,032 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 12,855,604 12,242,141 12,037,858 11,775,679 NON-CURRENT ASSETS Restricted deposits with financial institutions 11 15,823 13,821 15,823 13,821 Investment Deposits at banks used as collateral 7 201,650 229,029 193,402 229,029 Investments in subsidiaries 12 8 - - 86,864 79,364 311,000 302,000 Investment property 13 206,549 192,201 206,549 192,201 properties 9 454,229 454,183 416,629 416,583 Property, plant and equipment 14 93,666 94,147 84,047 85,650 Right-of-use assets 15 12,367 - 12,367 - 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 Intangible assets 16 4,260 4,653 4,148 4,528 19,910 21,074 17,512 20,422 Deferred tax assets 17 16,983 14,645 15,261 12,923 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 8,958 9,387 8,888 9,267 47,737 55,565 36,620 47,482 Total non-current assets 358,606 328,854 433,947 397,754 1,226,925 1,267,658 1,401,612 1,483,111 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. 14,082,529 13,509,799 13,439,470 13,258,790 In Thousand Baht Consolidated Separate Financial Statements Separate Financial Statements As at June September As at December As at June September As at December Note Notes 30, 2020 2018 31, 2019 2017 30, 2020 2018 31, 2019 2017 CURRENT LIABILITIES Bank overdrafts from financial institutions 10 298,522 347,017 289,006 347,017 Trade and shortother payables 287,152 318,248 708,076 698,768 from financial institutions 10 1,125,013 611,433 505,671 501,152 Short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 Trade and other current payables related parties 4 - - 234,298 82,238 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 other parties 10 111,493 111,493 111,493 111,493 Current portion of debentures 11 3,031,215 1,031,215 3,031,215 1,031,215 Current portion of financial lease liabilities 21 4,323 - 4,323 - Accrued 16,886 16,971 15,953 15,968 Construction retentions 157,599 177,910 132,129 146,793 Unrecognised income on installments due 548,013 229,563 547,751 229,226 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 - - payable 9,608 13,533 4,512 11,415 Other current liabilities 74,681 62,001 31,764 21,552 Total current liabilities 838,493 1,053,554 834,933 1,047,095 5,660,182 2,919,384 5,611,868 3,196,837 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 Lease 10 801,675 1,031,767 605,930 963,496 Long-term loans from related party 4 - - 9,700 9,700 Debentures 11 3,951,226 5,944,850 3,951,226 5,944,850 Financial lease liabilities 21 8,681 - 8,681 - 25,979 23,633 22,888 23,363 Utilities guarantees 2,261 2,485 2,261 2,485 Employee benefit obligations 55,213 50,546 23,272 21,081 Long-term lease agreement obligation 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 litigation 12 87,298 - 66,622 - 87,298 - 66,622 - Other non-current liabilities 6,490 3,950 6,490 3,950 110,562 130,040 82,669 99,170 Total non-current liabilities 452,695 477,191 447,584 471,940 5,034,214 7,249,943 4,785,244 7,130,767 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 Notes to interim financial statements form an integral part 10,694,396 10,169,327 10,397,112 10,327,604 Bank overdrafts and short-term loans Current portion of these statements. long-term loans In Thousand Baht Consolidated Separate Financial Statements Separate Financial Statements As at June September As at December As at June September As at December Notes 30, 2020 2018 31, 2019 2017 30, 2020 2018 31, 2019 Share capital Authorized 2017 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised 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 1,200,000 1,200,000 1,200,000 1,200,000 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 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS Appropriated - legal Legal reserve 75,360 75,360 75,360 75,360 80,874 80,874 80,874 80,874 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 - - 1,658,049 1,610,388 1,312,274 1,201,102 TOTAL SHAREHOLDER’S SHAREHOLDERS' EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 3,388,133 3,340,472 3,042,358 2,931,186 TOTAL LIABILITIES AND SHAREHOLDER’S SHAREHOLDERS' EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 14,082,529 13,509,799 13,439,470 13,258,790 Consolidated Separate Financial Statements Financial Statements Notes to interim financial statements form an integral part 2018 2017 2018 2017 INCOME 4 Revenue from sale of these statements. Sales 520,136 213,141 520,136 213,141 Rental real estate 1,018,352 1,390,665 816,675 1,177,177 Interest income and service 2,884 5,296 1,528 4,099 338 421 18,758 18,592 Other income 6 2,303 1,497 2,047 1,515 23,392 13,309 27,720 10,118 Total Revenues 525,323 219,934 523,711 218,755 income 1,042,082 1,404,395 863,153 1,205,887 EXPENSES 4 Cost of sales 6 333,355 154,493 333,355 154,493 Cost for rent sale of real estate 636,372 951,939 497,081 810,185 Selling expenses 145,501 142,834 120,436 120,692 Special Business Tax and service 6,413 5,151 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 transferred fee 38,959 54,436 31,280 46,305 Administrative expenses 6 54,413 42,894 53,404 43,077 135,913 135,115 103,969 107,482 Finance costs 56,529 59,837 55,101 60,374 Total Expenses 444,882 223,442 441,435 222,744 Income expenses 1,013,274 1,344,161 807,867 1,145,038 Profit (loss) before finance cost and income tax expenses 80,441 expense 28,808 60,234 55,286 60,849 Income tax expense 11,821 14,810 13,695 12,970 PROFIT (3,508LOSS) 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) FOR THE PERIOD 16,987 45,424 41,591 47,879 Other comprehensive income - - - - Total comprehensive income for the period 59,304 (9,583) 61,226 (9,936) Profit (loss) attributable to - - - - TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 16,987 45,424 41,591 47,879 Consolidated Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 16,987 45,424 41,591 47,879 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 16,987 45,424 41,591 47,879 Total comprehensive income attributable to Shareholders' equity of the parent company 60,110 (9,583) 61,226 (9,936) 16,987 45,424 41,591 47,879 Non-controlling interests (806) - - - 59,304 (9,583) 61,226 (9,936) - 16,987 45,424 41,591 47,879 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) 15 0.02 0.05 0.04 0.05 Consolidated Separate Financial Statements Financial Statements Notes to interim financial statements form an integral part 2018 2017 2018 2017 INCOME 4 Revenue from sale of these statements. Sales 849,116 614,700 849,116 614,700 Rental real estate 3,019,231 3,595,082 2,444,840 2,923,309 Interest income and service 5,295 10,755 3,684 8,268 1,786 3,704 57,236 61,823 Reversal of provision for litigation 12 - 11,500 - 11,500 Other income 6 4,202 2,947 3,933 2,977 79,327 72,658 102,895 55,955 Total Revenues 858,613 628,402 856,733 625,945 income 3,100,344 3,682,944 2,604,971 3,052,587 EXPENSES 4 Cost of sales 6 554,025 410,217 554,025 410,217 Cost for rent sale of real estate 1,895,001 2,406,915 1,508,803 1,970,049 Selling expenses 392,687 408,882 322,037 332,809 Special Business Tax and service 12,362 10,221 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 tranferred fee 115,505 139,274 93,650 113,612 Administrative expenses 6 100,626 89,985 98,887 90,113 403,439 405,865 317,824 325,687 Finance costs 168,262 192,142 167,929 195,033 Total Expenses 759,886 580,581 753,944 578,884 Income expenses 2,974,894 3,553,078 2,410,243 2,937,190 Profit (loss) before finance cost and income tax expenses 98,727 47,821 102,789 47,061 Finance costs 6 17,571 21,060 17,483 20,948 expense 125,450 129,866 194,728 115,397 Income tax expense 38,591 39,515 44,358 30,319 PROFIT (lossLOSS) 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 86,859 90,351 150,370 85,078 Other comprehensive income 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 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 86,859 90,351 150,370 85,078 Consolidated Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 86,859 90,351 150,370 85,078 Non-controlling interests (1,793) - - - - 86,859 90,351 150,370 85,078 Total comprehensive income attributable to Shareholders' equity of the parent company 68,459 23,240 70,862 22,668 86,859 90,351 150,370 85,078 Non-controlling interests (1,793) - - - - 86,859 90,351 150,370 85,078 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 15 0.09 0.09 0.15 0.09 Consolidated Financial Statements Non-controlling Retained Earnings Total Share capital Premium on Retained earnings Other Total interests Note issued and paidPaid-up share capital Appropriated Share Capital on Ordinary Shares Legal Reserve Unappropriated legal reserve component of equity s Beginning balance Shareholders' Equity For the nine-month period ended September 30, 2017 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 2017 980,000 669,210 71,904 1,593,352 3,314,466 Dividend Comprehensive income for the period - - - (48,997) (48,997) Profit for the period - - - - - - - 68,459 - - - 68,459 2,500 (1,793) 2,500 66,666 Other comprehensive income for the period - - - - - - - - 90,351 90,351 Total comprehensive income for the period - - - 68,459 - 68,459 (1,793) 66,666 Ending balance 90,351 90,351 Balance as at June September 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Beginning balance 2017 980,000 669,210 71,904 1,634,706 3,355,820 For the nine-month period ended September 30, 2018 Balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 2018 980,000 669,210 80,874 1,610,388 3,340,472 Dividend paid Comprehensive income for the period Profit for the period 13 - - - - - - (39,198) 86,859 (39,198) 86,859 Total comprehensive income for the period - - - 86,859 86,859 Balance as at September 30, 2018 980,000 669,210 80,874 1,658,049 3,388,133 Separate Financial Statements Retained Earnings Total Note Paid-up Share Capital on Ordinary Shares Legal Reserve Unappropriated Shareholders' Equity For the nine-month period ended September 30, 2017 Balance as at January 1, 2017 980,000 669,210 71,904 1,090,908 2,812,022 Dividend Comprehensive income for the period Profit for the period - - - - - - (37,35848,997) 23,240 - 85,078 (37,35848,997) - 23,240 - - (37,358) 23,240 Other comprehensive income for the period - - - - - - - - 85,078 Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 Ending balance 85,078 85,078 Balance as at June September 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 paid2017 980,000 669,210 71,904 1,126,989 2,848,103 For the nine-up legal reserve of equity Beginning balance month period ended September 30, 2018 Balance as at January 1, 2020 1,245,284 2018 980,000 669,210 80,874 1,201,102 2,931,186 Dividend Comprehensive income for the period Profit for the period - Other comprehensive income for the period 13 - - - - - - (39,198) 150,370 (39,198) 150,370 Total comprehensive income for the period - - - 70,862 70,862 Ending balance 150,370 150,370 Balance as at June September 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. 2018 980,000 669,210 80,874 1,312,274 3,042,358 Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 Financial Statements 2018 2017 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 66,666 23,240 70,862 22,668 86,859 90,351 150,370 85,078 Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) from operating activities : Doubtful debt (Reverse) (263) 2,193 (65) 2,076 Allowance for decline in value of real estate projects under development (Reverse) (9,823) (11,231) (3,304) (11,231) Depreciation and amortization 11,413 10,631 10,709 10,627 Unrealized 48,861 47,919 46,438 43,977 Loss (gain) on disposal of equipment (266) (2,602) (33) (620) Loss of written off intangible asset - 1,170 - 1,170 Amortisation of premium on debentures 6,376 5,982 6,376 5,982 Unrealised gain from trading securities on current investment (1) (2) (1) (21) Doubtful account (1) Loss of written off other current asset - 980 1,050 - 980 1,050 Gain from written off construction retentions (Gain8,215) loss from sale (4,463) - (1,244) Employee benefit obligations 4,667 1,569 2,191 376 Homecare warranty 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 persom expenses 1,698 2,292 1,620 2,184 4,256 - 3,001 - Provision for litigation (Reverse) - (11,500) - (11,500) Finance cost 168,262 192,142 167,929 195,033 Income tax expense 38,591 39,515 44,358 30,319 Interest income (751,786) (793,704) (7457,236) (7761,823) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses Profit (incomeloss) 14,490 3,521 14,444 3,445 Income from operating activities operations 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 337,518 348,390 360,024 278,642 Changes in operating assets and liabilities (increase) decrease Trade and other receivables 30,545 (19,718) 23,555 (12,973) Real estate projects under development costs 230,356 74,755 230,356 74,755 Land held (248,547) 405,135 209,530 492,788 Deposits for development - 508 - 508 land (183,042) (37,210) (206,042) (37,210) Other current assets 1,256 2,526 1,214 2,668 (94,539) (27,182) (97,412) (21,899) Other non-current assets 7,828 (9812,867) 589 10,862 (9814,231) 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 payables (34,354) 44,368 1,041 69,474 Construction retentions (12,096) (20,012) (14,664) (9,722) Consolidated Separate Financial Statements Financial Statements C C 2018 2017 2018 2017 Unrecognised income on installments due 318,450 80,246 318,525 79,180 Other current payables 23,969 liabilities 11,020 1,775 9,033 424 Utilities guarantee (2,861224) 26,846 (3,4263,483) (224) (3,483) Other non-current liabilities 2,540 943 2,540 943 (22,074) (6,790) (18,323) (3,904) Cash receivable (paid) from the operations 383,059 216,534 390,880 215,532 Xxxx 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) - - - Xxxx paid for provision for employee benefit obligations (5,613) - (5,613) - operating activities 110,485 762,652 595,905 827,086 Income tax expenses paid (9,52555,023) (15,41269,735) (9,48146,478) (15,36729,626) Net cash provided by (used in) operating activities 367,857 201,296 375,860 200,241 55,462 692,917 549,427 797,460 ASH FLOWS FROM INVESTING ACTIVITIES Increase Interest received 1,786 3,704 1,638 3,503 (Increase) decrease in temporary investment deposits at banks used as collateral 27,379 746 35,627 746 (1Increase) (41) - (40) Increase decrease in restricted deposits with financial institutions (2,002) (758) (2,002) (758) Cash paid for increase of capital in subsidiary short-term loans from related parties - - (7,50020,752) 121,886 Investment in subsidiaries increaseed the capital - - (9,000) - Cash paid for purchase Purchase of fixed assets investment properties (4,67046) (1,285765) (2,85746) (1,256765) Cash paid for purchase Purchase of investment property equipments (16,81130,043) (4,82920,940) (16,8116,629) (4,82918,192) Cash paid for purchase Received from disposal of equipment 266 2,666 33 683 Purchase of intangible assets (272,710) - (271,779) - (841) (1,495) Net cash provided by (used in) investing activities (23,5113,368) (6,91316,368) (29,197) (6,883) Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. CASH 30 106,366 ASH FLOWS FROM FINANCING ACTIVITIES Finance costs paid (400,734) (441,309) (373,568) (439,970) Dividend (39,198) (48,997) (39,198) (48,997) Increase (decrease) in bank overdrafts and short-term Consolidated Financial Statements Separate Financial Statements 2020 2019 2020 2019 loans from the financial institutions (94,09848,495) (63,7431,157,903) (94,09858,011) (63,7431,148,844) Cash paid for liabilities under lease liabilities Increase (1,760decrease) (1) (1,760) (1) Cash received from the shares fee payment in subsidiary 2,500 - - - Cash paid for short-term loan loans from other company - (48,162) - (48,162) Cash paid for short-term loan a related party - (1,000) parties - - Cash received 152,060 (112,990) Proceed from long-term loans 178,043 259,267 178,043 259,267 Cash paid for from financial institutions 1,797,915 1,937,464 1,024,244 1,727,977 Repayment of long-term loans from financial institutions (370,3781,514,427) (272,6941,493,490) (370,3781,377,291) (272,6941,378,710) Interest paid (28,714) (42,793) (28,576) (42,615) Dividend paid Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures - (37,3581,606,300) - (37,3581,606,300) Transaction cost from issue of debenture - (13,998) - (13,998) Repayment of finance lease liabilities (13,573) (24,102) (12,771) (21,272) Net cash provided by (used in) financing activities (314,407218,512) (206,484694,135) (316,769684,535) (205,306888,604) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase (decrease) in cash and cash equivalents 29,939 (12,101166,418) 29,894 (11,94817,586) 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(135,078) 15,222 Cash and cash equivalents consisted as at January 1, 291,717 321,473 214,665 195,508 Cash and cash equivalents as at September 30, 125,299 303,887 79,587 210,730 Non-cash transactions Acquisition 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 14,675equipments under finance leases 15,833 2,864 12,281 2,864 Acquisition of intangible under finance leases - 649 - 649 Depreciation expense which include real estate project under development 14,529 22,500 12,543 19,193 Acquisition cost which is included as a part of real eatate under development cost during the period 227,818 220,181 207,635 226,967

Appears in 1 contract

Samples: 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 9, 2020 2022 “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 31, 2019 30, 2020 2022 31, 2019 2021 31, 2022 31, 2021 Cash and cash equivalents 57,147 27,210 49,089 19,195 163,135 94,055 149,798 87,094 Trade and other current receivables 5,6 14,707 11,870 13,177 9,912 Short-term to related parties 5 - - 38,500 38,500 Inventories 7 8,647 7,108 6,039 6,216 Inventories 8 158,111 172,056 158,049 171,983 134,728 113,324 122,653 105,580 Property development costs 9 1,752,506 1,890,016 1,752,506 1,890,016 8 2,279,493 2,028,606 2,309,347 2,050,374 Land held for development 10 1,594,281 1,673,191 1,520,873 1,599,783 9 686,568 853,307 686,568 853,307 Deposits for land 29,312 35,459 29,312 35,459 Other current financial assets 956 954 714 712 835 835 591 590 Other current assets 2,054 3,310 2,116 3,330 1,306 3,074 1,449 1,658 Total current assets 3,573,702 3,773,845 3,489,386 3,691,235 3,310,084 3,140,530 3,351,395 3,182,474 NON-CURRENT ASSETS Restricted deposits with Other non-current financial institutions 11 15,823 13,821 15,823 13,821 assets 10 19,473 24,395 19,473 24,395 Investment in subsidiaries 12 11 - - 86,864 79,364 86,864 Investment property 13 206,549 192,201 206,549 192,201 12 214,156 216,603 214,156 216,603 Property, plant and equipment 14 93,666 94,147 84,047 85,650 13 99,929 74,933 51,356 43,071 Right-of-use assets 15 12,367 - 12,367 - 14 8,869 8,891 8,869 8,891 Intangible assets 16 4,260 4,653 4,148 4,528 15 3,469 3,668 3,146 3,344 Land held for development 9 958,555 846,597 885,974 774,016 Deferred tax assets 17 16,983 14,645 15,261 12,923 16 8,821 12,849 5,847 10,155 Other non-current assets 8,958 9,387 8,888 9,267 4,726 3,823 3,310 3,330 Total non-current assets 358,606 328,854 433,947 397,754 1,317,998 1,191,759 1,278,995 1,170,669 TOTAL ASSETS 3,932,308 4,102,699 3,923,333 4,088,989 4,628,082 4,332,289 4,630,390 4,353,143 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 Xxxx 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) - - - Xxxx 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“UNAUDITED” “REVIEWED”

Appears in 1 contract

Samples: Reviewed Report and Interim Financial Information

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 1013, 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. 2021 “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at June As at December As at June As at December Note 30, 2020 2021 31, 2019 2020 30, 2020 2021 31, 2019 2020 CURRENT ASSETS Cash and cash equivalents 118,043 64,808 106,764 57,072 Trade and other current receivables 5,6 14,947 8,881 13,305 7,336 Short-term to related parties 5 - - 30,500 10,000 Inventories 7 139,948 124,530 121,899 123,561 Property development costs 8 1,714,895 1,642,014 1,730,386 1,642,014 Land held for development 9 559,396 451,636 559,040 451,279 Deposits for land 8,400 8,441 8,400 8,441 Other current financial assets 964 964 721 720 Other current assets 299 2,750 2,151 2,836 Total current assets 2,556,892 2,304,024 2,573,166 2,303,259 NON-CURRENT ASSETS Other non-current financial assets 10 14,570 11,019 14,570 11,019 Investment in subsidiaries 11 - - 86,864 86,864 Investment property 12 221,589 221,229 221,589 221,229 Property, plant and equipment 13 105,907 100,180 74,738 77,276 Right-of-use assets 14 19,001 21,723 9,266 10,817 Intangible assets 15 3,972 4,170 3,776 3,989 Land held for development 9 1,157,468 1,184,982 1,084,417 1,111,931 Deferred tax assets 16 16,437 18,931 14,646 17,140 Other non-current assets 6,379 9,297 6,188 9,186 Total non-current assets 1,545,323 1,571,531 1,516,054 1,549,451 TOTAL ASSETS 4,102,215 3,875,555 4,089,220 3,852,710 Notes to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note As at June 30, 2021 As at December 31, 2020 As at June 30, 2021 As at December 31, 2020 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 18 212,772 306,870 212,772 306,870 17 124,857 3,020 124,857 3,020 Trade and other current payables 5,18 460,266 416,813 443,860 410,697 Accrued income tax Current portion of long-term loan from 19 278,075 252,111 277,059 248,152 26,072 8,560 25,996 8,560 the financial institutions 20 114,476 273,073 114,476 273,073 19 454,782 259,926 454,782 259,926 Current portion of lease liabilities 21 4,323 - 4,323 - Accrued income tax 7,347 - 7,303 - 20 6,673 6,515 3,602 3,512 Short-term loan from related parties 6 219,000 219,000 219,000 219,000 5 5,000 184,000 - 179,000 Short-term loan from the director 6 Other current liabilities 5 - 839 2,500 2,500 - - - - - Total current liabilities 838,493 1,053,554 834,933 1,047,095 1,078,489 881,334 1,053,097 864,715 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 20 315,306 349,044 315,306 349,044 19 111,004 163,387 111,004 163,387 Lease liabilities 21 8,681 - 8,681 - 20 14,603 17,559 7,742 9,525 Provision for employee benefit obligations 22 61,434 64,930 59,632 63,222 21 61,966 60,002 59,764 57,894 Provision for compensation for housing estate juristic persons 23 18,277 16,526 18,277 16,526 22 22,235 20,294 22,235 20,294 Provision from purchasing the real estate project 24 42,507 42,741 39,198 39,198 23 36,807 36,807 33,498 33,498 Other non-current liabilities 6,490 3,950 6,490 3,950 12,900 9,219 12,900 9,219 Total non-current liabilities 452,695 477,191 447,584 471,940 259,515 307,268 247,143 293,817 TOTAL LIABILITIES 1,291,188 1,530,745 1,282,517 1,519,035 1,338,004 1,188,602 1,300,240 1,158,532 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 As at December As at June As at December 30, 2020 2021 31, 2019 2020 30, 2020 2021 31, 2019 2020 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 81,560 81,560 81,560 81,560 Unappropriated 737,765 669,306 742,642 671,780 862,884 780,307 884,606 789,804 Other components of equity - - - - Total equity attributable to company's shareholders 2,635,939 2,567,480 2,640,816 2,569,954 2,767,258 2,684,681 2,788,980 2,694,178 Non-controlling interests 5,181 4,474 (3,047) 2,272 - - TOTAL SHAREHOLDER’S EQUITY 2,641,120 2,571,954 2,640,816 2,569,954 2,764,211 2,686,953 2,788,980 2,694,178 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 3,932,308 4,102,699 3,923,333 4,088,989 4,102,215 3,875,555 4,089,220 3,852,710 Notes to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note 0000 0000 0000 2020 REVENUES Sales 510,791 520,136 213,141 510,791 520,136 213,141 Rental income and service 6,852 2,884 5,296 4,489 1,528 4,099 Other income 6 5 4,644 2,303 1,497 4,884 2,047 1,515 Total Revenues 522,287 525,323 219,934 520,164 523,711 218,755 EXPENSES Cost of sales 6 333,355 154,493 333,355 154,493 5 342,376 342,722 341,380 342,722 Cost for rent and service 10,450 6,413 5,151 4,560 3,975 4,270 Distribution costs 50,701 20,904 50,701 20,904 46,539 41,334 46,539 41,334 Administrative expenses 6 5 53,209 54,413 42,894 48,946 53,404 43,077 Total Expenses 452,574 444,882 223,442 441,425 441,435 222,744 Income (loss) before finance cost and tax expenses 69,713 80,441 (3,508) 78,739 82,276 (3,989) Finance costs 6 5 4,213 8,037 9,782 4,060 7,994 9,730 Income (loss) before tax expenses 65,500 72,404 (13,290) 74,679 74,282 (13,719) Tax expenses (income) 25 24 16,497 13,100 (3,707) 15,267 13,056 (3,783) Profit (loss) for the period 49,003 59,304 (9,583) 59,412 61,226 (9,936) Other comprehensive income - - - - Total comprehensive income for the period 49,003 59,304 (9,583) 59,412 61,226 (9,936) Profit (loss) attributable to Shareholders' equity of the parent company 51,986 60,110 (9,583) 59,412 61,226 (9,936) Non-controlling interests (2,983) (806) - - - 49,003 59,304 (9,583) 59,412 61,226 (9,936) Total comprehensive income attributable to Shareholders' equity of the parent company 51,986 60,110 (9,583) 59,412 61,226 (9,936) Non-controlling interests (2,983) (806) - - - 49,003 59,304 (9,583) 59,412 61,226 (9,936) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.042 0.048 (0.008) 0.048 0.049 (0.008) Notes to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Separate Financial Statements Note 0000 0000 0000 2020 REVENUES Sales 1,401,690 849,116 614,700 1,401,690 849,116 614,700 Rental income and service 14,685 5,295 10,755 9,690 3,684 8,268 Other income 6 5 8,288 4,202 2,947 8,667 3,933 2,977 Total Revenues 1,424,663 858,613 628,402 1,420,047 856,733 625,945 EXPENSES Cost of sales 6 554,025 410,217 554,025 410,217 5 977,070 571,259 976,058 571,259 Cost for rent and service 21,462 12,362 10,221 9,930 8,159 8,396 Distribution costs 92,873 70,158 92,873 70,158 114,251 75,639 114,251 75,639 Administrative expenses 6 5 130,199 100,626 89,985 122,946 98,887 90,113 Total Expenses 1,242,982 759,886 580,581 1,223,185 753,944 578,884 Income (loss) before finance cost and tax expenses 181,681 98,727 47,821 196,862 102,789 47,061 Finance costs 6 5 8,730 17,571 21,060 8,400 17,483 20,948 Income (loss) before tax expenses 172,951 81,156 26,761 188,462 85,306 26,113 Tax expenses (income) 25 24 45,882 14,490 3,521 43,849 14,444 3,445 Profit (loss) for the period 127,069 66,666 23,240 144,613 70,862 22,668 Other comprehensive income - - - - Total comprehensive income 127,069 66,666 23,240 144,613 70,862 22,668 Profit (loss) attributable to Shareholders' equity of the parent company 132,388 68,459 23,240 144,613 70,862 22,668 Non-controlling interests (5,319) (1,793) - - - 127,069 66,666 144,613 70,862 Total comprehensive income attributable to Shareholders' equity of the parent company 132,388 68,459 23,240 144,613 70,862 22,668 Non-controlling interests (5,319) (1,793) - - - 127,069 66,666 144,613 70,862 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 26 Profit (loss) for the period (Baht per share) 0.106 0.055 0.019 0.116 0.057 0.018 Notes to interim financial statements form an integral part of these statements. - 7 - In Thousand Baht Consolidated Financial Statements Shareholders' equity of the parent company “UNAUDITED” “REVIEWED” 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, 2021 1,245,284 577,530 81,560 780,307 - 2,684,681 2,272 2,686,953 Dividend paid 25 - - - (49,811) - (49,811) - (49,811) Comprehensive income Profit for the period - - - 132,388 - 132,388 (5,319) 127,069 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 132,388 - 132,388 (5,319) 127,069 Ending balance As at June 30, 2021 1,245,284 577,530 81,560 862,884 - 2,767,258 (3,047) 2,764,211 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 As at June 30, 2020 1,245,284 577,530 75,360 737,765 - 2,635,939 5,181 2,641,120 Notes to interim financial statements form an integral part of these statements. - 8 - “UNAUDITED” “REVIEWED” In ThousandBaht Separate Financial Statements Retained earnings Other Total Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 2021 Dividend paid Comprehensive income Profit for the period issued and share capital Appropriated Unappropriated components Note paid-up legal reserve of equity 1,245,284 577,530 81,560 789,804 - - - 2,694,178 25 - - - (37,35849,811) 23,240 - (37,35849,811) - 23,240 - - (37,358) 23,240 144,613 - 144,613 Other comprehensive income for the period - - - - - - - - Total comprehensive income for the period - - - 23,240 - 23,240 - 23,240 144,613 144,613 Ending balance as As at June 30, 2019 2021 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 81,560 884,606 2,788,980 577,530 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 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. “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 2020 2019 2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period Adjust items that profit (loss) is cash received (paid) 127,069 66,666 23,240 144,613 70,862 22,668 to net Adjustment on income tax expenses 45,882 14,490 43,849 14,444 Adjustment on financial cost 8,730 17,571 8,400 17,483 Adjusted with the loss from land donation Adjustment on trade and other current receivables 11,399 - 11,399 - (increase) decrease (6,065) (1,539) (5,969) 177 Adjustment on inventory (increase) decrease (15,418) 13,946 1,662 13,933 Adjustment on real estate project development costs (increase) decrease (66,774) 230,356 (82,443) 230,356 Adjustment on land held for development (increase) decrease (90,399) - (90,399) - Adjustment on deposit for land 41 - 41 - Adjustment on other assets (increase) decrease (1,665) 274 (2,623) 233 Adjusted with the loss from not claiming the withholding tax 5,118 - 5,118 - Adjustment on trade and other current payables (increase) decrease 43,197 24,002 33,170 26,847 Adjustment on other liabilities (increase) decrease 4,971 2,540 3,680 2,540 Depreciation depletion and amortization charge 15,912 11,414 12,127 10,707 Adjustment on provisions for employee benefit (reverse) 1,964 1,698 1,870 1,621 Adjustment on provisions for compensation for housing estate juristic persons (reverse) 2,787 1,751 2,787 1,751 Adjustment on Loss (gain) on fair value Adjustment on Loss (gain) disposal of - (1) - (1) property, plant and equipment (38) - (38) - 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 86,711 383,168 87,244 390,953 Interest income (82) (75) (79510) (74) Income tax expense refund (77paid) Interest expenses 17,571 21,060 17,483 20,948 Tax expenses (income24,328) 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 (9819,432) 589 (98122,301) 789 (9,479) Xxxx received interest income 82 75 80 74 Notes to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 2020 2019 2020 2019 Increase Retention - (decrease33) 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 Xxxx received from interest income 75 79 74 76 Witholding taxes refunded from Revenue Department 95 95 - - Cash paid for provision Provision from purchasing the real estate project - (234) - - Provision for compensation for housing estate juristic persons (846) - Xxxx paid for provision (846) - Provision for employee benefit obligations benefits - (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 61,537 367,856 63,667 375,861 CASH FLOWS FROM INVESTING ACTIVITIES Increase in temporary investment other current financial assets - (1) - - Increase in fixed deposits pledged as collateral (413,551) (2,001) (3,551) (2,001) Cash paid from short-term lorn to related parties - - (20,500) - (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 property, plant and equipment (13,546) (4,670) (1,2852,699) (2,857) (1,256) Cash Xxxx paid for purchase of investment property (16,811) (4,8295,271) (16,811) (4,8295,271) (16,811) Cash received from sale of equipment 58 - 58 - Cash paid for purchase of intangible assets (27254) - (27) - (205) (27) Net cash provided by (used in) investing activities (23,51122,564) (6,91323,510) (29,19732,168) (6,88329,196) 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 121,837 (94,098) (63,743) 121,837 (94,098) (63,743) Cash paid for liabilities under lease liabilities (1,7603,261) (11,752) (1,7602,050) (11,752) Cash received from the shares fee payment in subsidiary of non-controlling interests - 2,500 - - - Cash paid for short-term loan from other company - (48,162) - (48,162) Cash paid for short-term loan a related party (179,000) - (1,000179,000) - Xxxx paid for short-term loan from the director (2,500) - - - Cash received from long-term loans 178,043 259,267 178,043 259,267 542,601 178,042 542,601 178,042 Cash paid for long-term loans (370,378) (272,694400,128) (370,378) (272,694) Interest paid (28,714400,128) (42,793370,378) Cash paid interest (15,476) (28,57628,721) (42,61515,256) (28,585) Dividend paid - (37,35849,811) - (37,35849,811) - Net cash provided by (used in) financing activities 14,262 (314,407) 18,193 (206,484316,771) (316,769) (205,306) Notes to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” In Thousand Baht Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 2020 Net increase (decrease) in cash and cash equivalents 53,235 29,939 (12,101) 49,692 29,894 (11,948) Cash and cash equivalents, beginning of period 64,808 27,210 29,219 57,072 19,195 26,623 Cash and cash equivalents, end of period 118,043 57,149 17,118 106,764 49,089 14,675 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 907 784 607 484 669 607 Cash at bank 56,363 16,511 117,136 56,365 106,280 48,420 14,068 Total 57,147 17,118 49,089 14,675118,043 57,149 106,764 49,089

Appears in 1 contract

Samples: Reviewed Report and Interim Financial Information

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 Xxxx 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) - - - Xxxx 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

Samples: 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 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 Xxxx 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) - - - Xxxx 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

Samples: 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 Xxxx 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) - - - Xxxx 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

Samples: 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 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 000 000 000 670 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 Xxxx 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) - - - Xxxx 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

Samples: Reviewed Report and Interim Financial Information

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 Xxxx 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) - - - Xxxx 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) Xxxx 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) Xxxx 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) Xxxx 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

Samples: Reviewed Report and Interim Financial Information

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 Xxxx 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) - - - Xxxx 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

Samples: Review Report

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