Consolidated Financial Statements Separate Financial Statements. As at June As at December As at June As at December Notes 30, 2020 31, 2019 30, 2020 31, 2019 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 paid-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 (413,478) (347,048) (644,704) (551,368) Other components of shareholders' equity 15,069 15,616 - - Equity attributable to owners of the Company 801,136 868,113 553,689 647,025 Non-controlling interests of the subsidiaries (28,505) (28,526) - - Total shareholders' equity 772,631 839,587 553,689 647,025 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 3,632,891 3,715,635 2,459,145 2,549,258 Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements Notes 2020 2019 2020 2019 REVENUES 5 Construction services income 712,713 652,915 213,959 216,048 Other service income 4,503 3,272 - - Interest income 569 274 84 93 Other income 13,346 8,573 10,248 6,755 Total revenues 731,131 665,034 224,291 222,896 EXPENSES Cost of construction services 5 711,325 637,357 236,957 224,308 Cost of other services 2,759 2,173 - - Administrative expenses 90,723 92,370 69,002 76,541 Total expenses 804,807 731,900 305,959 300,849 Profit (loss) before share of profit (loss) from investments in associates and joint ventures, finance cost and income tax expenses (73,676) (66,866) (81,668) (77,953) Share of profit (loss) from investments in joint ventures 13.2 (1,104) 1,042 - - Profit (loss) before finance cost and income tax expenses (74,780) (65,824) (81,668) (77,953) Finance cost 5 4,355 7,467 7,908 10,601 Profit (loss) before income tax expenses (79,135) (73,291) (89,576) (88,554) Income tax income (expenses) 22 562 (456) 906 1,856 PROFIT (LOSS) FOR THE PERIOD (78,573) (73,747) (88,670) (86,698) Notes to interim financial statements form an integral part of these statements. Consolidated Financial Statements Separate Financial Statements Notes 2020 2019 2020 2019 Other comprehensive income : Other comprehensive income to be reclassified to profit or loss in subsequent periods : Exchange differences on translation of financial statements in foreign currency - net of income tax 3,314 138 - - Other comprehensive income to be ...
Consolidated Financial Statements Separate Financial Statements. 0000 0000 0000 2020 Changes in inventories of finished goods and work in progress 14,105 8,775 13,748 7,574 Loss (reversal) allowance for decrease in value of inventories 19 (756) 258 (2,669) Purchase 1,124,409 719,233 1,117,257 705,899 Raw materials and consumables used 181,166 207,951 - - Management benefit expenses 37,457 39,621 37,457 37,643 Employee benefit expenses 293,146 318,701 222,712 236,827 Depreciation 36,864 42,395 21,617 27,068 Amortization expenses 22,692 18,380 3,538 1,701 Hire of work 768,092 888,615 853,862 915,551 Fee expenses 44,642 46,664 43,655 45,532 Gasoline expenses 13,579 14,979 12,431 14,368 Transportation fee 1,330 5,327 36 1,962 36. COMMITMENTS AND CONTINGENT LIABILTIES
Consolidated Financial Statements Separate Financial Statements. As at June As at December As at June As at December 30, 2021 (For the six-month) 31, 2020 (For the year) 30, 2021 (For the six-month) 31, 2020 (For the year) Beginning balance 394,614 419,880 355,814 375,610 Transfer - - - - Less Unrealised gain (loss) from a fair value adjustment - (25,280) - (19,810) Ending balance 394,614 394,614 355,814 355,814 Revenue and expense related to investment property recognized in profit and loss consist of : In Thousand Baht For the six-month period ended June 30, 2021 Consolidated Separate Financial Statements Financial Statements Rental income 5,601 3,938 Utilities 4,361 3,497 Investment properties were revalued as at December 31, 2020 by a firm of independent valuers, using the income approach. Investment properties mainly comprise shopping malls, space for rent and construction in progress. As at June 30, 2021 and December 31, 2020, the Company mortgaged certain investment properties as collateral to secure the loan and credit facilities granted by the financial institutions.
Consolidated Financial Statements Separate Financial Statements. As at June 30, 2020 As at December 31, 2019 As at June 30, 2020 As at December 31, 2019 Payable : In up to 1 year 4 14 3 12 In over 1 and up to 5 years - 8 - 7 As at June 30, 2020, the Company and its subsidiaries had no obligations under lease agreements and related service agreements as a result of the adoption of the TFRS 16 as at January 1, 2020. The Company and its subsidiaries recognized the lease liabilities previously classified as operating lease at the present value of the remaining lease payments, discounted incremental borrowing rate, as described in Note 4 to the interim financial statements.
Consolidated Financial Statements Separate Financial Statements. As at June 30, 2020 As at December 31, 2019 As at June 30, 2020 As at December 31, 2019 Payable : In up to 1 year 2 3 1 2 26.4 Bank guarantees As at June 30, 2020 and as at December 31, 2019, bank guarantees issued by banks on behalf of the Company and the subsidiary in respect of certain performance bonds as required in the normal course of business were as follows. In Million Baht Consolidated Financial Statements Separate Financial Statements As at June 30, 2020 As at December 31, 2019 As at June 30, 2020 As at December 31, 2019 Guarantee of construction contract and bidding 1,699 1,605 398 729 Guarantee of advance payment bond and retention 1,860 1,417 795 407 Total 3,570 3,028 1,197 1,141 As at June 30, 2020, the Company and its subsidiaries had the obligations from related parties to use the letter of guarantee of the Company and its subsidiaries amounted Baht 2 million (December 31, 2019 : Baht 2 million).
Consolidated Financial Statements Separate Financial Statements. As at September As at December As at September As at December Notes 30, 2021 31, 2020 30, 2021 31, 2020 from financial institutions 15 781,963 709,460 337,757 414,660 Trade and other current payables 4, 16 909,470 718,490 498,123 406,437 Unbilled payable 829,609 454,391 179,343 12,883 Unearned construction - revenue Accounts payable - retention under construction contracts 7, 22 15,287 200,802 10,055 158,959 15,287 22,690 10,055 9,587 Advances received from customers under construction contracts 7, 22 843,583 913,865 120,432 261,310 Short-term loans from related parties 4 - - 731,500 642,000 Provision for liabilities under construction projects 17 117,147 166,974 62,489 7,852 Current portion of lease liabilities 18 15,219 16,709 9,213 9,156 Income tax payable 1,051 - - - Other current liabilities 12,623 15,851 9,485 11,071 Total current liabilities 3,726,754 3,164,754 1,986,319 1,785,011 NON-CURRENT LIABILITIES Lease liabilities 18 9,638 15,673 8,243 8,057 Non-current provisions for employee benefits 19 60,288 82,107 35,566 68,339 Provision for litigation 25 20,000 20,000 20,000 20,000 Total non-current liabilities 89,926 117,780 63,809 96,396 TOTAL LIABILITIES 3,816,680 3,282,534 2,050,128 1,881,407 Notes to interim financial statements form an integral part of these statements. STATEMENT OF FINANCIAL POSITION (CONT.) AS AT SEPTEMBER 30, 2021 LIABILITIES AND SHAREHOLDERS' EQUITY (CONT.) In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September As at December As at September As at December Notes 30, 2021 31, 2020 30, 2021 31, 2020 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 paid-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 (5,032) (2,956) - - Retained earnings (deficit) Appropriated - statutory reserve The Company - - - - Subsidiary 4,108 4,108 - - Unappropriated (828,764) (791,218) (845,919) (771,499) Other components of shareholders' equity 16,089 17,393 - - Equity attributable to owners of the Company 384,794 425,720 352,474 426,894 Non-controlling interests of the subsidiaries (32,870) (29,017) - - Total shareholders' equity 351,924 396,703 352,474 426,894 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 4,168,604 3,679,237 2,402,602 2,308,301 Notes to interim financial statements form an integral part of these statements. STATEMENT OF COMPREHENSIVE INCOME FO...
Consolidated Financial Statements Separate Financial Statements. As at September As at December As at September As at December 30, 2021 31, 2020 30, 2021 31, 2020 Trade accounts payable - related party 2,470 7,996 - - Trade accounts payable - unrelated parties 836,970 643,404 424,351 340,757 Advances from related parties - - 5,336 5,628 Fixed assets payable 709 17,093 338 14,835 Accrued interest expense - related parties - - 11,516 3,966 Accrued expenses - unrelated parties 69,321 49,997 56,582 41,251 Total trade and other current payables 909,470 718,490 498,123 406,437
Consolidated Financial Statements Separate Financial Statements. As at December As at December As at December As at December 31, 2020 31, 2019 31, 2020 31, 2019 Beginning balance - 111,493 - 111,493 Increase - - - - Decrease - - - - Transfer out trade and other payables - (35,473) - (35,473) Transfer out unrecognized income on installments due - (76,020) - (76,020) Ending balance - - - -
Consolidated Financial Statements Separate Financial Statements. As at December As at December As at December As at December 31, 2018 31, 2017 31, 2018 31, 2017 Beginning balance as at January 1, 32,146,940.00 32,146,940.00 28,604,350.00 28,604,350.00 Add increase during the year 15,843,800.00 - 15,843,800.00 - Less decrease from payment during the year (5,250,000.00) - (5,250,000.00) - Ending balance as at December 31, 42,740,740.00 32,146,940.00 39,198,150.00 28,604,350.00
Consolidated Financial Statements Separate Financial Statements. For the three-month periods ended September 30, For the three-month periods ended September 30, 2019 2018 2019 2018 Management Management benefit expenses Short-term employee benefits 5,599 5,452 5,178 4,732 Post-employment benefits 194 140 190 129 Total 5,793 5,592 5,368 4,861 In Thousand Baht Consolidated Financial Statements Separate Financial Statements For the nine-month periods ended September 30, For the nine-month periods ended September 30, 2019 2018 2019 2018 Management Management benefit expenses Short-term employee benefits 16,104 17,219 14,641 15,057 Post-employment benefits 584 449 571 417 Total 16,688 17,668 15,212 15,474 6. TRADE ACCOUNTS RECEIVABLE As at September 30, 2019 and December 31, 2018, the aged analysis of trade accounts receivable are as follows : In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at September 30, 2019 Trade accounts receivable - General customers As at December 31, 2018 As at September 30, 2019 As at December 31, 2018 Current 256,110 159,200 188,982 126,846 Less than 3 months 71,950 85,518 18,096 16,334 3 months - 6 months 8,956 6,499 6,155 1,986 6 months - 12 months 4,414 2,241 1,861 979 Over 12 months 4,193 6,763 2,569 2,214 Total 345,623 260,221 217,663 148,359 Less Allowance for doubtful debts (4,910) (6,339) (1,995) (2,026) Net 340,713 253,882 215,668 146,333 Overdue : Trade accounts receivable - related companies Current 5,463 4,385 7,221 6,900 Overdue : Less than 3 months - 113 179 751 3 months - 6 months - - 10 - Net 5,463 4,498 7,410 7,651 During the periods, the movements in allowance for doubtful accounts are as follows : In Thousand Baht Consolidated Financial Statements Separate Financial Statements Balance as at January 1, 2019 6,339 2,026 Add Additions during the period - - Less Reversed during the period (1,429) (31) Balance as at September 30, 2019 4,910 1,995 During 2019, the company and its subsidiaries had a reversal of allowance for doubtful accounts caused by receiving a refund from customer amounted Baht 1,317,172.34 and written-off amounted Baht 110,957.80 (Company only caused by receiving a refund from customer amounted Baht 31,192.16).
