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 the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 11, 2023 (Miss Xxxxxxx Xxxxxxxxxxx) Certified Public Accountant Registration No. 7318 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at March As at December As at March As at December Notes 31, 2023 31, 2022 31, 2023 31, 2022 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 Trade and other current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 - - Real estate projects under development 9 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 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 Property, plant and equipment 12 611,239 614,707 609,647 612,887 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - Intangible assets 4,871 5,477 4,254 4,724 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - Other non-current assets 83,734 53,533 37,617 21,480 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 TOTAL ASSETS 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 Separate

Appears in 1 contract

Samples: a.listedcompany.com

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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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 11August 13, 2023 2021 (Miss Xxxxxxx XxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 4752 ASSETS In Thousand Baht Consolidated Separate Financial Statements Separate Financial Statements As at March June As at December As at March June As at December Notes 30, 2021 31, 2023 2020 30, 2021 31, 2022 31, 2023 31, 2022 2020 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 5 70,631 89,785 29,447 2,248 Trade and other current 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 - retention under construction contracts 4, 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from 280,666 271,170 111,231 125,197 Advances paid to subcontractors under construction service contracts 4 431,776 498,303 69,948 175,760 Construction in progress 22 185,426 329,386 73,570 182,858 Inventories 8 67,967 79,541 - - Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - - - - 22,005 1,676 1,608 1,608 Short-term loans to related parties 5 4 750 - - 1,347,446 1,341,613 Current 400 50 Withholding tax assets 9,132 30,261 2,783 16,195 Other current financial assets 86 86 86 86 deducted at source 199,211 173,259 147,286 123,410 Other current assets 3,331 3,331 - - 61,746 44,558 13,683 14,326 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 3,641,386 2,809,070 1,323,357 1,077,649 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 9 3,071 32,198 221 29,350 Long-term loans to related parties 4 - - - - Investments in subsidiaries 10 - - 476,498 476,198 Investments in associates 11 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 - - Investments in joint ventures 12 123,256 123,584 102,376 102,376 Property, plant and equipment 12 611,239 614,707 609,647 612,887 13 630,337 618,357 591,880 578,351 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - 27,142 29,622 16,527 14,485 Intangible assets 4,871 5,477 4,254 4,724 12,237 13,273 11,995 13,067 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 40,865 49,703 19,593 15,144 Other non-current assets 83,734 53,533 37,617 21,480 4,173 3,430 1,668 1,681 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 841,081 870,167 1,220,758 1,230,652 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 4,482,467 3,679,237 2,544,115 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 SeparateBaht

Appears in 1 contract

Samples: TRC Construction Public Company

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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 1114, 2023 2021 (Miss Xxxxxxx XxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 4752 ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at March As at December As at March As at December Notes 31, 2023 2021 31, 2022 2020 31, 2023 2021 31, 2022 2020 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 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, 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from 310,132 271,170 142,398 125,197 Advances paid to subcontractors under construction service contracts 4 379,288 498,303 46,574 175,760 Construction in progress 22 293,095 329,386 106,542 182,858 Inventories 8 67,967 79,541 - - Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - - - - 22,029 1,676 1,608 1,608 Short-term loans to related parties 5 4 - - 1,347,446 1,341,613 Current 50 50 Withholding tax assets 9,132 30,261 2,783 16,195 Other current financial assets 86 86 86 86 deducted at source 184,677 173,259 134,929 123,410 Other current assets 3,331 3,331 - - 52,711 44,558 19,060 14,326 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 3,135,748 2,809,070 1,187,764 1,077,649 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 9 3,202 32,198 354 29,350 Long-term loans to related parties 4 - - - - Investments in subsidiaries 10 - - 476,498 476,198 Investments in associates 11 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 - - Investments in joint ventures 12 122,348 123,584 102,376 102,376 Property, plant and equipment 12 611,239 614,707 609,647 612,887 13 626,765 618,357 587,770 578,351 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - 29,201 29,622 16,728 14,485 Intangible assets 4,871 5,477 4,254 4,724 12,789 13,273 12,549 13,067 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 46,118 49,703 19,733 15,144 Other non-current assets 83,734 53,533 37,617 21,480 4,120 3,430 1,673 1,681 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 844,543 870,167 1,217,681 1,230,652 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 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 Separatefinancial 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 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 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 Company 336,401 425,720 339,071 426,894 Non-controlling interests of the subsidiaries (28,597) (29,017) - - Total shareholders' equity 307,804 396,703 339,071 426,894 TOTAL LIABILITIES 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. Issued and STATEMENT OF ChANGES IN ShAREhOLDERS' EQUITY FOR ThE ThREE-MONTh PERIOD ENDED MARCh 31, 2021 In Thousand Baht Consolidated financial 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 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 - - - - - 11,644 - - - 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. STATEMENT OF ChANGES IN ShAREhOLDERS' EQUITY (CONT.) FOR ThE ThREE-MONTh PERIOD ENDED MARCh 31, 2021 In Thousand Baht Separate financial statements Issued and Retained earnings (deficit) Total paid-up Appropriated - Unappropriated shareholders' share capital Statutory reserve equity Balance as at January 1, 2020 1,198,393 - (551,368) 647,025 Profit (loss) for the period - - (4,666) (4,666) Other comprehensive income for the period - - - - Total comprehensive income for the period - - (4,666) (4,666) Balance as at March 31, 2020 1,198,393 - (556,034) 642,359 Balance as at January 1, 2021 1,198,393 - (771,499) 426,894 Profit (loss) for the period - - (118,752) (118,752) Other comprehensive income for the period - - 30,929 30,929 Total comprehensive income for the period - - (87,823) (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. STATEMENT OF CASh FLOWS FOR ThE ThREE-MONTh PERIOD MARCh 31, 2021 In Thousand Baht 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 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) Accounts receivable - retention under construction contracts (38,962) (36,499) (17,201) (4,621) 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. In Thousand Baht 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 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 - - (300) - 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 - - 114,000 208,000 Cash paid for short-term loans from related parties - - (28,000) (331,000) Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated 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-cash items consist of Increase (decrease) in purchase of fixed assets and intangible assets that have yet to be paid (7,180) (2,533) (5,497) (2,123) Accrued payables the investment in subsidiaries - - - 125 Lease liabilities 7,877 25,814 7,877 12,275 Notes to interim financial statements form an integral part of these statements.

Appears in 1 contract

Samples: TRC Construction Public Company

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 the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 1117, 2023 2021 (Miss Xxxxxxx XxxxxxxxxxxChotima Kitsirakorn) Certified Public Accountant Registration No. 7318 "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2021 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at March As at December As at March As at December Notes 31, 2023 2021 31, 2022 2020 31, 2023 2021 31, 2022 2020 6 7 19 5 1,055,346 177,203 7,297,896 124,590 - 11,361 85 4,631 8,671,112 77,450 177,836 6,424,629 148,590 - 7,385 85 4,779 6,840,754 921,762 1,183,093 5,411,341 124,590 1,109,660 4,261 85 - 8,754,792 48,656 1,128,256 4,370,075 148,590 1,095,000 - 85 - 6,790,662 10 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 Trade and other current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 - - Real estate projects under development 9 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 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 Property, plant and equipment 12 611,239 614,707 609,647 612,887 Right-of-use assets 13 306,424 305,972 10,134 10,946 Prepaid rental expenses Leasehold rights 14 2,266,279 2,146,541 - - Intangible assets 4,871 5,477 4,254 4,724 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - Rental deposit Other non-current assets 83,734 53,533 37,617 21,480 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 262,453 - 1,737,774 394,614 346,578 474,065 108,575 1,590,128 9,524 43,653 60,000 46,031 5,073,395 13,744,507 361,433 - 2,899,938 394,614 352,805 482,167 110,682 1,559,882 10,213 44,514 60,000 27,023 6,303,271 13,144,025 262,453 315,000 865,082 355,814 330,672 467,795 108,575 1,590,128 8,000 30,297 60,000 10,885 4,404,701 13,159,493 349,876 315,000 2,027,691 355,814 334,717 475,226 110,682 1,559,882 8,565 29,076 60,000 10,653 5,637,182 12,427,844 11 12 5 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2021 LIABILITIES AND SHAREHOLDER' EQUITY In Thousand Baht Consolidated SeparateSeparate Financial Statements Financial Statements As at March As at December As at March As at December Notes 31, 2021 31, 2020 31, 2021 31, 2020 CURRENT LIABILITIES Bank overdrafts and short-term loans from financial institutions Trade and other current payables Current portion of long-term loans from financial institutions Current portion of long-term loans from other company Current portion of debentures Current portion of lease liabilities Short-term loans from related parties Construction retentions Unearned revenue from construction Unrecognised income on installments due Income tax payable Other current liabilities Total current liabilities NON-CURRENT LIABILITIES Long-term loans from financial institutions Long-term loans from other company Long-term loans from related party Debentures Lease liabilities Utilities guarantees Provisions for employee benefit Other non-current provisions Other non-current liabilities Total non-current liabilities TOTAL LIABILITIES 315,408 513,849 427,092 734,216 315,408 741,575 427,092 880,407 13 13 578,223 592,029 452,687 335,041 13 14 13 5 370,938 4,384,611 28,980 - 198,983 71,285 116,604 9,871 96,408 6,685,160 360,938 2,838,655 32,032 - 191,628 39,715 204,326 5,161 93,102 5,518,894 370,938 4,384,611 20,129 10,472 159,206 - 104,579 4,030 39,644 6,603,279 360,938 2,838,655 29,299 20,122 157,355 - 184,154 4,030 37,858 5,274,951 13 13 5 14 13 211,920 202,812 - 2,435,276 473,714 1,011 115,658 15,000 69,909 3,525,300 10,210,460 587,191 112,812 - 2,670,040 477,151 2,006 116,140 15,000 70,879 4,051,219 9,570,113 7,734 202,812 9,700 2,435,276 469,922 1,011 105,243 15,000 45,654 3,292,352 9,895,631 383,005 112,812 9,700 2,670,040 472,650 2,006 106,188 15,000 48,332 3,819,733 9,094,684 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2021 LIABILITIES AND SHAREHOLDER' EQUITY (CONT.) In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at March As at December As at March As at December Notes 31, 2021 31, 2020 31, 2021 31, 2020 SHAREHOLDERS' EQUITY Authorised share capital 1,200,000,000 ordinary shares of Baht 1 each 1,200,000 1,200,000 1,200,000 1,200,000 Issued and paid-up share capital 980,000,000 ordinary shares of Baht 1 each 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS Appropriated Legal reserve 97,593 97,593 97,593 97,593 Unappropriated 1,428,127 1,467,992 1,157,942 1,227,240 Subordinated perpetual debentures 300,000 300,000 300,000 300,000 Other components of shareholders' equity 59,117 59,117 59,117 59,117 TOTAL SHAREHOLDERS' EQUITY 3,534,047 3,573,912 3,263,862 3,333,160 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 13,744,507 13,144,025 13,159,493 12,427,844 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements Notes 0000 0000 0000 2020 INCOME 5 Revenue from sale of real estate 742,635 874,979 401,174 606,312 Revenue from construction service 171,632 3,506 - - Other income 15,557 32,555 41,077 52,072 Total income 929,824 911,040 442,251 658,384 EXPENSES 5 Cost of sale of real estate 566,283 643,213 318,046 456,910 Cost of construction service 157,336 3,506 - - Distribution costs 59,175 89,075 42,628 66,133 Administrative expenses 88,929 99,160 83,816 72,048 Total expenses 871,723 834,954 444,490 595,091 Profit (loss) from operating activities 58,101 76,086 (2,239) 63,293 Finance income 5 - - 19,267 18,989 Finance costs 85,193 71,860 83,110 68,959 Profit (loss) before income tax expense (27,092) 4,226 (66,082) 13,323 Income tax (income) expense 8,335 3,292 (1,222) 2,533 PROFIT (LOSS) FOR THE PERIOD (35,427) 934 (64,860) 10,790 Other comprehensive income (loss) for the period - - - - TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD (35,427) 934 (64,860) 10,790 Profit (loss) attributable to Parent company (35,427) 934 (64,860) 10,790 Non-controlling interests - - - - (35,427) - (35,427) 934 - 934 (64,860) - (64,860) 10,790 10,790 (35,427) 934 (64,860) 10,790 Total comprehensive income (loss) attributable to Parent company Non-controlling interests Basic earning (loss) per share Earnings (loss) per share (Baht per share) 16 (0.0362) 0.0010 (0.0662) 0.0110 Notes to interim financial statements form an integral part of these statements. AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Share Capital Shares debentures Surplus from asset Equity revaluation-land, net 980,000 669,210 300,000 97,593 1,467,992 59,117 3,573,912 Beginning balance as at January 1, 2021 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2021 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 97,593 (35,427) - (35,427) (4,438) 1,428,127 - - - - 59,117 (35,427) - (35,427) (4,438) 3,534,047 Beginning balance as at January 1, 2020 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2020 980,000 669,210 300,000 88,293 1,294,948 59,117 3,391,568 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 88,293 934 - 934 (4,476) 1,291,406 - - - - 59,117 934 - 934 (4,476) 3,388,026 Notes to interim financial statements form an integral part of these statements. - 7 - AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Separate Financial Statements Issued and Premium Subordinated Retained Earnings Other Components of Total Paid-up on Ordinary perpetual Legal Reserve Unappropriated shareholders' equity Shareholders' Share Capital Shares debentures Surplus from asset Equity revaluation-land, net 980,000 669,210 300,000 97,593 1,227,240 59,117 3,333,160 Beginning balance as at January 1, 2021 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2021 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 97,593 (64,860) - (64,860) (4,438) 1,157,942 - (64,860) - - - (64,860) - (4,438) 59,117 3,263,862 Beginning balance as at January 1, 2020 Comprehensive income for the period Profit (loss) for the period Other comprehensive income (loss) for the period Total comprehensive income for the period Interest payment on subordinated perpetual debentures Balance as at March 31, 2020 980,000 669,210 300,000 88,293 1,106,187 59,117 3,202,807 - - - - 980,000 - - - - 669,210 - - - - 300,000 - - - - 88,293 10,790 - 10,790 (4,476) 1,112,501 - 10,790 - 10,790 - (4,476) 59,117 3,209,121 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITEDAND ITS SUBSIDIARIES STATEMENT OF CASH FLOWS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2020 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period Adjustment to reconcile profit (loss) to be net cash received (paid) Adjusted income tax (income) expenses Adjusted finance costs Adjusted trade and other current receivables (increase) decrease Adjusted real estate projects under development (increase) decrease Adjusted deposits for land (increase) decrease Adjusted other current assets (increase) decrease Adjusted other non-current assets (increase) decrease Adjusted trade and other current payables increase (decrease) Adjusted construction retentions increase (decrease) Adjusted unearned revenue from construction increase (decrease) Adjusted unrecognised income on installments due increase (decrease) Adjusted other current liabilities increase (decrease) Adjusted utilities guarantee increase (decrease) Adjusted other non-current liabilities increase (decrease) Depreciation and amortization Adjusted expected cerdit loss (reverse) Adjusted loss from decline in value of real estate projects under development (reverse) Adjusted on provisions for compensation for housing estate juristic persons (reverse) Adjusted provisions for employee benefit obligations (reverse) (35,427) 934 (64,860) 10,790 8,335 85,193 704 344,123 24,000 148 (11,623) (194,985) 7,355 3,292 71,860 12,781 374,475 (4,000) (123) 2,614 (36,923) 10,594 - (1,222) 83,110 (35,514) 173,761 24,000 - (232) (123,797) 1,851 - 2,533 68,959 5,814 262,648 (4,000) - 2,588 (47,894) 9,813 - (87,722) 2,074 (995) (1,876) 11,258 (71) 72,087 (21,931) 855 (7,038) 12,775 (4,752) (79,575) 1,158 (995) (2,971) 9,225 9,987 20,702 12,880 855 495 10,771 (4,483) (1,804) - (1,804) - 2,138 (482) 2,163 2,792 921 (945) 1,257 1,641 Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITEDAND ITS SUBSIDIARIES STATEMENT OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2020 11,762 7,836 11,762 7,836 193,675 500,291 3,860 363,205 (97) (212) (19,364) (19,201) (14,125) (9,702) (4,260) (6,662) 179,453 490,377 (19,764) 337,342 Adjusted on amortisation of premium on debentures Net cash provided by (used in) operating activities Interest income Income tax paid Net cash provided by (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES Cash paid for purchase of investment in subsidiaries Cash paid for purchase of equipment Cash paid for purchase of Investment properties Proceed from short-term loans to related parties Repayment of short-term loans from related parties Interest received (Increase) decrease in deposits at banks used as collateral Increase in leasehold rights Net cash provided by (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES Cash received from proceeds from debentures Cash paid for repayment of debentures Cash paid for transaction cost from issue of debenture Cash received from short-term loans from related parties Cash paid for repayment of short-term loans from related parties Cash received from long-term loans from financial institutions Cash paid for repayment of long-term loans from financial institutions Cash received from long-term loans from other company - (72) - - - 97 98,980 (3,241) 95,764 - (24) (14) - - 212 6,567 (106,288) (99,547) - (66) - (260,600) 236,078 97 87,423 (3,241) 59,691 (2,998) (24) (14) (29,026) 44,657 212 8,599 (106,288) (84,882) 1,550,000 (221,642) (28,928) - - 30,040 (419,117) 100,000 1,835,500 (654,500) (29,894) - - 453,110 (400,169) - 1,550,000 (221,642) (28,928) - (9,650) 6,487 (264,112) 100,000 1,835,500 (654,500) (29,894) 14,877 - 399,425 (248,684) - Notes to interim financial statements form an integral part of these statements. "UNAUDITED" "REVIEWED" AREEYA PROPERTY PUBLIC COMPANY LIMITEDAND ITS SUBSIDIARIES STATEMENT OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated Separate Financial Statements Financial Statements 0000 0000 0000 2020 Increase (decrease) in bank overdrafts and short-term loans from financial institutions (111,684) 80,879 (111,684) 80,879 Cash paid for repayment of lease liabilities (16,826) (5,856) (12,467) (5,113) Finance costs paid (174,726) (167,806) (170,387) (158,372) Interest paid of subordinated perpetual debentures (4,438) (4,476) (4,438) (4,476) Net cash provided by (used in) financing activities 702,679 1,106,788 833,179 1,229,642 Net increase (decrease) in cash and cash equivalents 977,896 1,497,618 873,106 1,482,102 Cash and cash equivalents as at January 1, 77,450 65,928 48,656 42,486 Cash and cash equivalents as at March 31, 1,055,346 1,563,546 921,762 1,524,588 Non-cash transactions Depreciation expense which is include as a part of real estate project under development Borrowing costs which is included as a part of real eatate under development cost Expenses under contracts which is included as a part of leasehold rights Borrowing costs which is included as a part of construction in process of leasehold rights 1,483 1,875 344 769 50,132 85,932 49,472 78,404 4,598 3,857 4,598 3,857 22,407 22,262 22,407 22,262 Notes to interim financial statements form an integral part of these statements. AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO INTERIM FINANCIAL STATEMENTS‌‌ MARCh 31, 2021

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Samples: a.listedcompany.com

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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 1114, 2023 2019 (Miss Xxxxxxx Mr. Xxxxxxxx Xxxxxxxxxxx) Certified Public Accountant Registration No. 7318 6699 "UNAUDITED" "REVIEWED" XXXX ENGINEERING SOLUTIONS PUBLIC COMPANY LIMITED STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2019 CURRENT ASSETS In Thousand ASSETS Note Baht Consolidated Separate Financial Statements Financial Statements As at March As at December As at March As at December Notes 31, 2023 2019 31, 2022 31, 2023 31, 2022 CURRENT ASSETS 2018 Cash and cash equivalents 6 82,482 135,106 33,263 72,721 19,652,105 29,310,563 Temporary investments 5 202,390,711 167,434,994 Trade and other current receivables 6 268,813,997 284,531,945 Current portion of finance lease receivables 7 235,758 216,130 1,317,235 1,229,307 11,179,174 11,793,435 Unbilled revenue from construction service receivables 11,377,280 11,421,369 Inventories 8 67,967 79,541 - - Real estate projects under development 9 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 86 321,173,183 304,439,304 Other current assets 3,331 3,331 - - Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 894,365 478,604 TOTAL CURRENT ASSETS 835,480,815 809,410,214 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 1,714,316 1,714,316 990,803 990,803 General investment 241,845 241,845 Long-term finance lease receivables 7 19,037,991 21,128,666 Investment properties 554,904 554,904 516,104 516,104 Property, plant property 9 231,361,864 231,818,176 Property and equipment 10 32,264,919 32,680,745 Goodwill 11 334,672,061 334,672,061 Customer relationship 12 611,239 614,707 609,647 612,887 Right-of-use 69,506,665 73,180,908 Intangible assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - Intangible assets 4,871 5,477 4,254 4,724 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 22,901,403 23,979,343 Other non-current assets 83,734 53,533 37,617 21,480 Total non22,444,161 21,474,503 TOTAL NON-current assets 6,241,861 6,037,660 5,631,043 5,575,195 CURRENT ASSETS 732,430,909 739,176,247 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 1,567,911,724 1,548,586,461 Notes to the interim financial statements form an integral part of these statements. In Thousand statements "UNAUDITED" "REVIEWED" XXXX ENGINEERING SOLUTIONS PUBLIC COMPANY LIMITED STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2019 LIABILITIES AND SHAREHOLDERS' EQUITY Baht Consolidated SeparateAs at March As at December Note 31, 2019 31, 2018 CURRENT LIABILITIES Trade and other payables 14 189,265,331 210,181,058 Income tax payable 24,593,658 16,064,280 Short-term provisions 566,696 384,041 Other current liabilities 6,438,398 6,271,500 TOTAL CURRENT LIABILITIES 220,864,083 232,900,879 NON-CURRENT LIABILITIES Deferred tax liabilities 8,084,521 9,744,962 Employee's benefit obligations 15 16,566,378 16,670,899 Other non-current liabilities 22,993,931 22,064,273 TOTAL NON-CURRENT LIABILITIES 47,644,830 48,480,134 TOTAL LIABILITIES 268,508,913 281,381,013 Notes to the interim financial statements form an integral part of these statements "UNAUDITED" "REVIEWED" XXXX ENGINEERING SOLUTIONS PUBLIC COMPANY LIMITED STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2019 LIABILITIES AND SHAREHOLDERS' EQUITY (CONT.) Baht SHAREHOLDERS' EQUITY Share capital Authorized share capital Note As at March As at December 31, 2019 31, 2018 584,500,000 ordinary shares of Baht 0.50 each 292,250,000 292,250,000 Issued and paid-up share capital 584,500,000 ordinary shares of Baht 0.50 each 292,250,000 292,250,000 Premium on ordinary shares 776,416,427 776,416,427 Retained earnings Appropriated Legal reserve 27,068,831 27,068,831 Unappropriated 203,667,553 171,470,190 TOTAL SHAREHOLDERS’ EQUITY 1,299,402,811 1,267,205,448 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 1,567,911,724 1,548,586,461 Notes to the interim financial statements form an integral part of these statements STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2019 Revenues Note Baht 2019 2018 Revenues from sales 303,969,932 280,903,798 Revenue from rendering of services 26,354,710 29,754,946 Other income 8,409,260 3,701,327 Total revenues 338,733,902 314,360,071 Expenses Cost of sales 208,583,404 190,650,250 Cost of rendering of services 27,489,762 27,127,396 Selling expenses 27,281,085 27,196,720 Administrative expenses 35,282,826 33,758,049 Finance costs - 341 Total expenses 298,637,077 278,732,756 Profit before income tax expenses 40,096,825 35,627,315 Income tax expenses 7,899,462 7,020,859 Profit for the period 32,197,363 28,606,456 Other comprehensive income for the period - - Total comprehensive income for the period 32,197,363 28,606,456 Earnings per share Basic earnings per share (Baht per share) 17 0.06 0.05 Weighted average number of ordinary shares (shares) 584,500,000 584,500,000 Notes to the interim financial statements form an integral part of these statements STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2019 Issued and Premium on Baht Retained earnings Total Note paid-up share capital ordinary shares Appropriated legal reserve Unappropriated shareholders' equity Beginning balance as at January 1, 2018 292,250,000 776,416,427 20,350,894 125,659,317 1,214,676,638 Total comprehensive income for the period - - - 28,606,456 28,606,456 Ending balance as at March 31, 2018 292,250,000 776,416,427 20,350,894 154,265,773 1,243,283,094 Beginning balance as at January 1, 2019 292,250,000 776,416,427 27,068,831 171,470,190 1,267,205,448 Total comprehensive income for the period - - - 32,197,363 32,197,363 Ending balance as at March 31, 2019 292,250,000 776,416,427 27,068,831 203,667,553 1,299,402,811 Notes to the interim financial statements form an integral part of these statements XXXX ENGINEERING SOLUTIONS PUBLIC COMPANY LIMITED STATEMENT OF CASH FLOWS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2019 Baht 2019 2018 Cash flows from operating activities Profit for the period 32,197,363 28,606,456 Adjustment to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Allowance for doubtful account (reversal) 913,732 948,687 Depreciation and amortization 4,271,818 4,002,670 Amortization of customer relationship 3,674,243 3,674,242 Loss on devaluation of inventories 1,704,741 1,837,647 (Gain) loss on disposals of fixed assets 70,845 282,972 Unrealized (gain) loss on exchange rate 177,812 477,217 (Gain) loss on disposals of investment (44,156) (52,449) Unrealized (gain) loss on revaluation of temporary investments (911,561) (793,641) Interest income (3,346) (2,799) Employee's benefit expenses 530,769 443,226 Finance costs - 341 Trade and other receivables 14,803,068 (10,579,299) Finance lease receivables 2,704,937 2,690,119 Unbilled receivables 44,089 4,337,059 Inventories (21,301,618) 23,624,963 Other current assets (415,761) (1,412,411) Other non-current assets (969,658) (1,042,897) xxxxx (decrease) in operating liabilities Trade and other payables (20,770,220) 841,922 Short-term provisions 182,655 50,860 Other current liabilities 166,898 867,757 Income tax expense 7,899,462 7,020,859 Profit from operating before changes in operating assets and liabilities 50,481,722 46,445,428 (Increase) decrease in operating assets Inc Employee's benefit obligations (635,290) - Other non-current liabilities 929,658 1,094,536 Cash received (paid) from operating 25,220,480 66,918,037 Finance costs - (341) Income tax paid (1,030,525) (1,344,838) Net cash provided by (used in) operating activities 24,189,955 65,572,858 "UNAUDITED" Notes to the interim financial statements form an integral part of these statements XXXX ENGINEERING SOLUTIONS PUBLIC COMPANY LIMITED STATEMENT OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2019 Baht 2019 2018 Cash payments for purchase of temporary investments (54,000,000) (123,000,000) Cash receipts from redemption of temporary investments 20,000,000 45,000,000 Cash payments for purchases of property and equipment (488,880) (1,021,549) Cash receipts from disposal of equipment 741,121 1,492,031 Cash payments for purchase of intangible assets (104,000) (3,588,076) Interest received 3,346 2,799 Net cash provided by (used in) investing activities (33,848,413) (81,114,795) Cash flows from financing activities Net cash provided by (used in) financing activities - - Net increase (decrease) in cash and cash equivalents (9,658,458) (15,541,937) Cash and cash equivalents at beginning of period 29,310,563 41,955,998 Cash and cash equivalents at end of period 19,652,105 26,414,061 Supplementaly disclosures of cash flows information : Non-Cash transaction and intangible assets - beginning of period 426,371 4,045,277 Inventories transferred to fixed asset (2,862,998) (1,032,805) Add Purchases of fixed assets and intangible assets 3,133,707 1,907,942 Less Cash payments (592,880) (4,609,625) Liabilities incurred from acquisition of fixed assets and intangible assets - ending of period 104,200 310,789 Cash flows from investing activities Liabilities incurred from acquisition of fixed assets Notes to the interim financial statements form an integral part of these statements XXXX ENGINEERING SOLUTIONS PUBLIC COMPANY LIMITED NOTES TO THE INTERIM FINANCIAL STATEMENTS MARCH 31, 2019

Appears in 1 contract

Samples: Harn Engineering Solutions

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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 11November 12, 2023 2021 (Miss Xxxxxxx XxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 ASSETS 4752 ASSETS‌ In Thousand Baht Consolidated Separate Financial Statements Separate Financial Statements As at March September As at December As at March September As at December Notes 30, 2021 31, 2023 2020 30, 2021 31, 2022 31, 2023 31, 2022 2020 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 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, 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from 327,521 271,170 118,865 125,197 Advances paid to subcontractors under construction service contracts 4 391,294 498,303 43,054 175,760 Construction in progress 22 167,369 329,386 75,917 182,858 Inventories 8 67,967 79,541 - - Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - - - - 19,294 1,676 1,608 1,608 Short-term loans to related parties 5 4 18,250 - - 1,347,446 1,341,613 Current 850 50 Withholding tax assets 9,132 30,261 2,783 16,195 Other current financial assets 86 86 86 86 deducted at source 59,264 173,259 33,349 123,410 Other current assets 3,331 3,331 - - 43,484 44,558 16,130 14,326 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 3,349,008 2,809,070 1,181,985 1,077,649 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 9 3,071 32,198 222 29,350 Long-term loans to related parties 4 - - - - Investments in subsidiaries 10 - - 476,248 476,198 Investments in associates 11 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 - - Investments in joint ventures 12 129,453 123,584 109,375 102,376 Property, plant and equipment 12 611,239 614,707 609,647 612,887 13 614,336 618,357 587,221 578,351 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - 20,861 29,622 14,935 14,485 Intangible assets 4,871 5,477 4,254 4,724 11,669 13,273 11,488 13,067 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 35,468 49,703 19,543 15,144 Other non-current assets 83,734 53,533 37,617 21,480 4,738 3,430 1,585 1,681 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 819,596 870,167 1,220,617 1,230,652 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 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 SeparateSTATEMENT OF FINANCIAL POSITION (CONT.) AS AT SEPTEMBER 30, 2021 CURRENT LIABILITIES Bank overdrafts and short-term loans

Appears in 1 contract

Samples: TRC Construction

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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 11November 7, 2023 2019 (Miss Xxxxxxx XxxxxxxxxxxXxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 6838 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements financial statements financial statements As at March September 30, As at December 31, As at March September 30, As at December Notes 31, 2023 31, 2022 31, 2023 31, 2022 Notes 2019 2018 2019 2018 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 5 329,397 892,369 163,694 719,866 Trade and other receivables 4, 6 1,083,339 418,473 1,127,378 552,139 Inventories 7 1,600,265 1,114,413 1,525,404 1,032,508 Total current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 assets 3,013,001 2,425,255 2,816,476 2,304,513 NON-CURRENT ASSETS Loan to related party 4 - - Real estate projects under development 443,168 289,215 Loan to employee 8 82,085 69,452 82,085 69,452 Investments in associates 9 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 10 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 266,307 275,464 Property, plant and equipment 11 1,315,216 1,357,272 785,575 817,232 Goodwill 10.1 20,837 21,553 - - Prepaid rental expense (Land leasehold) 12 611,239 614,707 609,647 612,887 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 140,117 145,431 - - Intangible assets 4,871 5,477 4,254 4,724 10,012 6,387 5,597 3,951 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 13 4,687 7,889 4,687 7,889 Other non-current assets 83,734 53,533 37,617 21,480 559 578 8 8 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 1,573,513 1,608,562 1,587,427 1,463,211 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 4,586,514 4,033,817 4,403,903 3,767,724 Notes to interim financial statements form an integral part of these statements. STATEMENT OF FINANCIAL POSITION (CONT.) AS AT SEPTEMBER 30, 2019 LIABILITIES In Thousand Baht Consolidated Separate financial statements financial statements CURRENT LIABILITIES As at As at As at As at September 30, December 31, September 30, December 31, Notes 2019 2018 2019 2018 Short-term loan from 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 1,414,452 875,525 1,273,730 621,358 NON-CURRENT LIABILITIES Financial lease agreements 2,357 177 2,113 - Deferred tax liabilities 13 44,049 46,308 - - Employee benefit obligations 16 23,387 18,860 23,387 18,860 Provision for warranty 17 74,318 122,679 73,414 121,745 Provision for other liabilities - 830 - 830 Total non-current liabilities 144,111 188,854 98,914 141,435 TOTAL LIABILITIES 1,558,563 1,064,379 1,372,644 762,793 Notes to interim financial statements form an integral part of these statements. STATEMENT OF FINANCIAL POSITION (CONT.) AS AT SEPTEMBER 30, 2019 SHAREHOLDERS' EQUITY In Thousand Baht Consolidated Separate financial statements financial statements As at September 30, As at December 31, As at September 30, As at December 31, Notes 2019 2018 2019 2018 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised share capital 500 million ordinary shares of Baht 1 each 500,000 500,000 500,000 500,000 Issued and paid-up share capital 500 million ordinary shares of Baht 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) - - RETAINED 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 63,541 55,657 - - TOTAL SHAREHOLDERS' EQUITY 3,027,951 2,969,438 3,031,259 3,004,931 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 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. STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2019 In Thousand Baht Consolidated 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 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 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 expenses 762,481 983,580 740,507 921,628 Profit before income tax revenue (expense) 205,454 39,022 202,183 29,125 Income tax revenue (expense) (4,384) 12,789 (5,094) 11,946 PROFIT (LOSS) FOR THE PERIOD 201,070 51,811 197,089 41,071 Notes to interim financial statements form an integral part of these statements. STATEMENT OF COMPREHENSIVE INCOME (CONT.) FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2019 In Thousand Baht Consolidated Separate financial statements financial statements Notes 2019 2018 2019 2018 OTHER COMPREHENSIVE INCOME (LOSS) Transactions that maybe reclassified after entering into profit or loss statement Exchange differences from convesion of 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 - - 201,070 51,811 197,089 41,071 TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO : Owners of the Company 168,512 (76,397) 161,172 (91,664) Non-controlling interests 254 4,279 - - 168,766 (72,118) 161,172 (91,664) 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. STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2019 In Thousand Baht Consolidated Separate financial statements financial statements Notes 2019 2018 2019 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 (expense) 399,462 303,366 387,902 315,030 Income tax revenue (expense) 18 (3,243) (11,232) (5,449) (13,955) PROFIT (LOSS) FOR THE PERIOD 396,219 292,134 382,453 301,075 Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated SeparateSeparate financial statements financial statements Notes 2019 2018 2019 2018 OTHER COMPREHENSIVE INCOME (LOSS) 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 (100,453) (36,853) (118,872) (38,921) or loss statement Actuarial gains for employee benefit plan 16 1,542 - 1,542 - Income tax relating to other comprehensive income (308) - (308) - OTHER COMPREHENSIVE INCOME FOR THE PERIOD (99,219) (36,853) (117,638) (38,921) TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 297,000 255,281 264,815 262,154 PROFIT (LOSS) ATTRIBUTABLE TO : Owners of 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 (LOSS) ATTRIBUTABLE TO : Owners of the Company 289,116 253,296 264,815 262,154 Non-controlling interests 7,884 1,985 - - 297,000 255,281 264,815 262,154 BASIC EARNINGS (LOSS) PER SHARE 19 0.81 0.64 0.80 0.67 Notes to interim financial statements form an integral part of these statements. M.C.S. STEEL PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENTOF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE-MONTH PERIOD SEPTEMBER 30, 2019 In Thousand Baht Consolidated financial statements "UNAUDITED" "REVIEWED" Issued and Premium Premium Difference from Paid-up on Ordinary (discount) change in Retained Earnings Appropriated Other Components of Shareholders' Equity Total Equity Non- Total Unappropriated Exchange Differences Total Attributable to Treasury controlling Shareholders' For the nine-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 Components of of the Company in subsidiary Shareholders' Equity Balance as at January 1, 2019 500,000 140,000 (153,610) (15,250) 50,000 295,812 3,141,151 (748,510) (748,510) 3,209,593 (295,812) 55,657 2,969,438 Dividend paid 20 - - - - - - (238,487) - - (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. M.C.S. STEEL PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENTOF CHANGES IN SHAREHOLDERS' EQUITY FOR THE NINE-MONTH PERIOD SEPTEMBER 30, 2019 "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) - (117,638) - - - - - 383,687 (118,872) (118,872) - 264,815 Balance as at January 1, 2019 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) (868,331) (295,812) 3,031,259 Balance as at January 1, 2018 500,000 140,000 - 50,000 643,070 2,599,605 (727,614) (727,614) (643,070) 2,561,991 Diposals of treasury shares - - (59,862) - (135,044) 135,044 - - 135,044 75,182 Dividend paid - - - - - (179,984) - - - (179,984) Profit (loss) for the period - - - - - 301,075 - - - 301,075 Other comprehensive income (loss) - - - - - - (38,921) (38,921) - (38,921) Total comprehensive income (loss) for the period - - - - - 301,075 (38,921) (38,921) - 262,154 Balance as at September 30, 2018 500,000 140,000 (59,862) 50,000 508,026 2,855,740 (766,535) (766,535) (508,026) 2,719,343 For the nine-month period ended September 30, 2018 Comprehensive income (loss) for the period Notes to interim financial statements form an integral part of these statements.

Appears in 1 contract

Samples: 203.156.146.108

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 the accounting standards Thai Accounting Standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May November 11, 2023 2020 (Miss Xxxxxxx XxxxxxxxxxxXxxxxxxxxx Xxxxxxxxx) Certified Public Accountant Registration No. 7318 9012 "UNAUDITED" "REVIEWED" SIKARIN PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2020 ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at March September As at December As at March September As at December Notes 30, 2020 31, 2023 2019 30, 2020 31, 2022 31, 2023 31, 2022 CURRENT ASSETS 2019 (Reclassified (Reclassified Note Note 32) Note 32) Current assets Cash and cash equivalents 6 82,482 135,106 33,263 72,721 132,249,777 198,136,520 49,917,256 37,309,752 Short-term investments in fixed deposit - 1,004 - 1,004 Trade and other current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 5, 6 353,522,285 390,083,564 253,831,685 304,573,630 Short-term loans to subsidiary 5 - - Real estate projects under development 3,769,741 - Accrued income 7 278,239,509 186,543,997 243,302,639 177,871,722 Inventories 8 157,207,326 124,420,015 126,212,189 94,289,158 Other current assets 2,684,828 2,898,686 2,682,764 2,773,317 Total current assets 923,903,725 902,083,786 679,716,274 616,818,583 Non-current assets Investment in subsidiaries 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land - - 1,392,744,103 1,392,744,103 Investments in related company 10 - - - - ShortLong-term loans to related parties subsidiary company 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 33,014,097 Investment property 11 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 43,625,011 70,855,055 12,961,234 5,282,511 Property, plant and equipment 12 611,239 614,707 609,647 612,887 4,272,846,080 4,456,506,475 2,912,117,557 3,032,707,563 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 486,416,825 - 387,846,137 - Intangible assets 4,871 5,477 4,254 4,724 Deferred 14 38,222,585 21,458,599 35,132,901 18,118,132 Leasehold right 15 - 59,296,961 - 59,296,961 Goodwill 326,167,591 326,167,591 - - Deffered tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 16 8,375,771 5,840,108 - - Fixed deposit pledged as collateral 17 2,039,058 2,032,034 - - Other non-current assets 83,734 53,533 37,617 21,480 18 8,546,142 8,974,487 3,075,355 3,075,355 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 5,186,239,063 4,951,131,310 4,743,877,287 4,544,238,722 Total assets 6,110,142,788 5,853,215,096 5,423,593,561 5,161,057,305 Notes to interim financial statements statement form an integral intergral part of these statementsstatement. In Thousand Baht Consolidated Separate"UNAUDITED" "REVIEWED" SIKARIN PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION (CONT.) AS AT SEPTEMBER 30, 2020

Appears in 1 contract

Samples: skr.listedcompany.com

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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 11August 14, 2023 2020 (Miss Xxxxxxx XxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 4752 ASSETS In Thousand Baht Consolidated Separate Financial Statements Separate Financial Statements As at March June As at December As at March June As at December Notes 30, 2020 31, 2023 2019 30, 2020 31, 2022 31, 2023 31, 2022 2019 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 47,550 182,190 11,517 94,272 Trade and other current receivables 5, 7 235,758 216,130 1,317,235 1,229,307 339,022 700,182 172,333 470,895 Unbilled revenue from receivables 8, 24 1,299,680 1,138,172 632,394 411,365 Accounts receivable - retention under construction service contracts 5, 8 67,967 79,541 - - Real estate projects 220,994 215,366 85,391 68,764 Advances paid to subcontractors under development construction contracts 5 453,512 519,906 176,139 195,643 Construction in progress 24 306,112 80,348 92,862 73,685 Inventories 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - - - - 5,583 5,569 5,514 5,514 Short-term loans to related parties 5 - - 1,347,446 1,341,613 Current - - Withholding tax assets 9,132 30,261 2,783 16,195 Other current financial assets 86 86 86 86 deducted at source 142,311 132,129 103,326 105,134 Other current assets 3,331 3,331 - - 42,896 37,720 15,524 20,071 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 2,857,660 3,011,582 1,295,000 1,445,343 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 10 10,541 10,541 - - Long-term loans to related parties 5 - - - - Investments in subsidiaries 11 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 476,198 476,073 Investments in associates 12 - - - - Investments in joint ventures 13 123,379 51,613 102,376 27,751 Property, plant and equipment 12 611,239 614,707 609,647 612,887 14 570,014 595,909 538,196 570,690 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 15 26,103 - 13,266 - Intangible assets 4,871 5,477 4,254 4,724 14,199 10,747 14,043 10,566 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 23,785 28,972 14,308 13,367 Other non-current assets 83,734 53,533 37,617 21,480 7,210 6,271 5,758 5,468 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 775,231 704,053 1,164,145 1,103,915 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 3,632,891 3,715,635 2,459,145 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 SeparateBaht

Appears in 1 contract

Samples: TRC Construction Public Company

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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 1114, 2023 2021 (Miss Xxxxxxx XxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 4752 ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at March As at December As at March As at December Notes 31, 2023 2021 31, 2022 2020 31, 2023 2021 31, 2022 2020 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 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, 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from 310,132 271,170 142,398 125,197 Advances paid to subcontractors under construction service contracts 4 379,288 498,303 46,574 175,760 Construction in progress 22 293,095 329,386 106,542 182,858 Inventories 8 67,967 79,541 - - Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - - - - 22,029 1,676 1,608 1,608 Short-term loans to related parties 5 4 - - 1,347,446 1,341,613 Current 50 50 Withholding tax assets 9,132 30,261 2,783 16,195 Other current financial assets 86 86 86 86 deducted at source 184,677 173,259 134,929 123,410 Other current assets 3,331 3,331 - - 52,711 44,558 19,060 14,326 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 3,135,748 2,809,070 1,187,764 1,077,649 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 9 3,202 32,198 354 29,350 Long-term loans to related parties 4 - - - - Investments in subsidiaries 10 - - 476,498 476,198 Investments in associates 11 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 - - Investments in joint ventures 12 122,348 123,584 102,376 102,376 Property, plant and equipment 12 611,239 614,707 609,647 612,887 13 626,765 618,357 587,770 578,351 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - 29,201 29,622 16,728 14,485 Intangible assets 4,871 5,477 4,254 4,724 12,789 13,273 12,549 13,067 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 46,118 49,703 19,733 15,144 Other non-current assets 83,734 53,533 37,617 21,480 4,120 3,430 1,673 1,681 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 844,543 870,167 1,217,681 1,230,652 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 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 Separatefinancial 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 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 (878,698) (791,218) (859,322) (771,499) Other components of shareholders' equity 15,554 17,393 - - Equity attributable to owners of the Company 336,401 425,720 339,071 426,894 Non-controlling interests of the subsidiaries (28,597) (29,017) - - Total shareholders' equity 307,804 396,703 339,071 426,894 TOTAL LIABILITIES 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. "UNAUDITED" "REVIEWED" Issued and TRC CONSTRUCTION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Consolidated financial 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 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 - - - - - 11,644 - - - 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. " UNAUDITED" " REVIEWED" TRC CONSTRUCTION PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 In Thousand Baht Separate financial statements Issued and Retained earnings (deficit) Total paid-up Appropriated - Unappropriated shareholders' share capital Statutory reserve equity Balance as at January 1, 2020 1,198,393 - (551,368) 647,025 Profit (loss) for the period - - (4,666) (4,666) Other comprehensive income for the period - - - - Total comprehensive income for the period - - (4,666) (4,666) Balance as at March 31, 2020 1,198,393 - (556,034) 642,359 Balance as at January 1, 2021 1,198,393 - (771,499) 426,894 Profit (loss) for the period - - (118,752) (118,752) Other comprehensive income for the period - - 30,929 30,929 Total comprehensive income for the period - - (87,823) (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. STATEMENT OF CASH FLOWS FOR THE THREE-MONTH PERIOD MARCH 31, 2021 In Thousand Baht 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 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) Accounts receivable - retention under construction contracts (38,962) (36,499) (17,201) (4,621) 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. In Thousand Baht 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 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 - - (300) - 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 - - 114,000 208,000 Cash paid for short-term loans from related parties - - (28,000) (331,000) Notes to interim financial statements form an integral part of these statements. In Thousand Baht Consolidated 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-cash items consist of Increase (decrease) in purchase of fixed assets and intangible assets that have yet to be paid (7,180) (2,533) (5,497) (2,123) Accrued payables the investment in subsidiaries - - - 125 Lease liabilities 7,877 25,814 7,877 12,275 Notes to interim financial statements form an integral part of these statements.

Appears in 1 contract

Samples: TRC Construction Public Company

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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 1113, 2023 2020 (Miss Xxxxxxx XxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 4752 ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at March As at December As at March As at December Notes 31, 2023 2020 31, 2022 2019 31, 2023 2020 31, 2022 2019 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 174,930 182,190 87,675 94,272 Trade and other current receivables 5, 7 235,758 216,130 1,317,235 1,229,307 165,732 700,182 85,993 470,895 Unbilled revenue from receivables 23 1,439,650 1,138,172 744,336 411,365 Accounts receivable - retention under construction service 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 67,967 79,541 - - Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - - - - 5,571 5,569 5,514 5,514 Short-term loans to related parties 5 - - 1,347,446 1,341,613 Current - - Withholding tax assets 9,132 30,261 2,783 16,195 Other current financial assets 86 86 86 86 deducted at source 134,274 132,129 99,493 105,134 Other current assets 3,331 3,331 - - 39,347 37,720 15,997 20,071 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 2,875,434 3,011,582 1,331,345 1,445,343 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 9 10,541 10,541 - - Long-term loans to related parties 5 - - - - Investments in subsidiaries 11 10 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 476,198 476,073 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 12 611,239 614,707 609,647 612,887 13 570,224 595,909 547,955 570,690 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 23,972 - 11,100 - Intangible assets 4,871 5,477 4,254 4,724 10,502 10,747 10,334 10,566 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 22,854 28,972 13,402 13,367 Other non-current assets 83,734 53,533 37,617 21,480 6,959 6,271 5,467 5,468 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 769,435 704,053 1,166,832 1,103,915 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 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 Separatefinancial 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 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 (335,404) (347,048) (556,034) (551,368) Other components of shareholders' equity 13,845 15,616 - - Equity attributable to owners of the Company 877,986 868,113 642,359 647,025 Non-controlling interests of the subsidiaries (30,096) (28,526) - - Total shareholders' equity 847,890 839,587 642,359 647,025 TOTAL LIABILITIES 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. Consolidated financial statements Separate financial 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, finance cost and income tax expenses 24,878 (37,539) 2,848 (57,235) Share of profit (loss) from investments in associates 11.2 (1,596) - - - Share of profit (loss) from investments in joint ventures 12.2 (259) 1,080 - - Profit (loss) before finance cost and income tax expenses 23,023 (36,459) 2,848 (57,235) Finance cost 5 5,710 8,750 7,549 10,289 Profit (loss) before income tax expenses 17,313 (45,209) (4,701) (67,524) Income tax income (expenses) 21 (6,119) (3,038) 35 1,047 PROFIT (LOSS) FOR THE PERIOD 11,194 (48,247) (4,666) (66,477) 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 (2,891) 353 - - Other comprehensive income to be reclassified to profit or loss in subsequent periods - net of income tax (2,891) 353 - - Other comprehensive income for the period (2,891) 353 - - Total comprehensive income 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 equity holders of the Company 22 0.0012 (0.0078) (0.0005) (0.0108) 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 Equity attributable to the parent's shareholders Other dificit Retained earnings (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 Balance as at January 1, 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 - - - - - - (47,816) - - - (47,816) (431) (48,247) Other comprehensive income for the period - - - - - - - (345) - (345) (345) 698 353 Total comprehensive income for the period - - - - - - (47,816) (345) - (345) (48,161) 267 (47,894) Balance as at March 31, 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, 2020 1,198,393 - (2,956) (2,956) - 4,108 (347,048) 14,716 900 15,616 868,113 (28,526) 839,587 Profit for the period - - - - - - 11,644 - - - 11,644 (450) 11,194 Other comprehensive income for the period - - - - - - - (1,771) - (1,771) (1,771) (1,120) (2,891) Total comprehensive income for the period - - - - - - 11,644 (1,771) - (1,771) 9,873 (1,570) 8,303 Balance as at March 31, 2020 1,198,393 - (2,956) (2,956) - 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 Thousand Baht Separate financial statements Issued and Share premium Retained earnings (deficit) Total paid-up share capital Appropriated - Unappropriated Statutory reserve shareholders' equity Balance as at January 1, 2019 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 - - - (66,477) (66,477) Balance as at March 31, 2019 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 Separate financial statements 2020 2019 2020 2019 Cash flows from operating activities Profit (loss) before tax 17,313 (45,209) (4,701) (67,524) Adjustments to reconcile profit (loss) before tax to net cash provided by (paid from) operating activities Depreciation and amortisation 29,460 29,176 25,865 26,096 Allowance for doubtful debt - - 3,688 17,060 Unrealised (gain) loss on exchange rate (356) 940 (355) 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 investments in associate 1,596 - - - Share of (profit) loss from investments in joint venture 259 (1,080) - - Provision for liabilities under construction projects 1,000 7,898 - 7,898 Provision for long-term employee benefits 3,687 3,139 3,035 2,591 Amortised transaction cost of debenture - 250 - 250 Interest income (227) (14) (227) (13) Interest expenses 5,710 8,745 7,549 10,289 Profit (loss) from operating activities before changes in operating assets and liabilities 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 Accounts receivable - retention under construction contracts (36,499) 8,004 (4,621) 2,027 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 (2) (27) - - Other current assets (1,627) 5,816 4,074 12,054 Other non-current assets (688) (73) 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 payables (88,972) (82,020) (33,517) (105,633) Unbilled payables 85,554 65,336 105,112 (31,088) Unearned construction revenue - (6,000) - - 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 liabilities under construction projects (32,909) (6,409) (880) (5,796) 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 89,203 298,502 165,091 (21,322) Cash flows from investing activities Decrease (increase) in short-term loans to related parties - - (3,688) - Xxxx paid for investing in associate (74,625) - (74,625) - Interest income 227 14 227 13 Xxxx received from disposal of equipment 336 2,234 - 1,159 Cash paid for purchase of property, plant and equipment (4,331) (36,300) (3,853) (35,497) Net cash flows provided by (used in) investing activities (78,393) (34,052) (81,939) (34,325) 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. Consolidated financial statements Separate financial statements 2020 2019 2020 2019 Repayment of debentures (30,000) (150,000) (30,000) (150,000) Interest expenses (5,777) (9,801) (8,175) (7,456) Decrease in lease liabilities (3,189) (1,033) (1,361) - Net cash flows provided by (used in) financing activities (15,179) (24,710) (89,749) 86,872 Increase (decrease) in translation adjustment (2,891) 353 - - Net increase (decrease) in cash and cash equivalents (7,260) 240,093 (6,597) 31,225 Cash and cash equivalents at the beginning of the period 182,190 82,256 94,272 7,181 Cash and cash equivalents at the 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. NOTES TO INTERIM FINANCIAL STATEMENTS MARCH 31, 2020

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Samples: TRC Construction Public Company

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 the accounting standards Thai Accounting Standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 11November 14, 2023 2018 (Miss Xxxxxxx XxxxxxxxxxxXxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 6838 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at March September As at December As at March September As at December Notes 30, 2018 31, 2023 2017 30, 2018 31, 2022 31, 2023 31, 2022 2017 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 125,299 291,717 79,587 214,665 Current investment 84 83 84 83 Trade and other current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 - - 5 63,982 94,264 607,676 575,568 Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 6 12,161,757 11,474,271 9,514,008 9,314,927 Deposits for land 10 - - - - 17 316,462 291,600 316,462 291,600 Short-term loans to related parties 5 4 - - 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 1,347,556 1,303,804 Other current assets 3,331 3,331 - - 188,020 90,206 172,485 75,032 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 12,855,604 12,242,141 12,037,858 11,775,679 NON-CURRENT ASSETS Deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 7 201,650 229,029 193,402 229,029 Investments in subsidiaries 11 8 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 311,000 302,000 Investment properties 554,904 554,904 516,104 516,104 9 454,229 454,183 416,629 416,583 Property, plant and equipment 12 611,239 614,707 609,647 612,887 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - 266,995 274,242 230,569 260,498 Prepaid rental expenses 129,927 136,320 129,927 136,320 Intangible assets 4,871 5,477 4,254 4,724 19,910 21,074 17,512 20,422 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables 46,477 37,245 5,953 10,777 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 47,737 55,565 36,620 47,482 Total non-current assets 1,226,925 1,267,658 1,401,612 1,483,111 TOTAL ASSETS 14,082,529 13,509,799 13,439,470 13,258,790 In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at September As at December As at September As at December Notes 30, 2018 31, 2017 30, 2018 31, 2017 CURRENT LIABILITIES from construction 53,466 47,157 financial institutions 10 298,522 347,017 289,006 347,017 Trade and other 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 related parties 4 - - 234,298 82,238 Current portion of long-term loans from 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 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 payable 9,608 13,533 4,512 11,415 Other current liabilities 74,681 62,001 31,764 21,552 Total current liabilities 5,660,182 2,919,384 5,611,868 3,196,837 NON-CURRENT LIABILITIES Long-term loans from financial institutions 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 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 litigation 12 87,298 - 66,622 - 87,298 - 66,622 - Other non-current assets 83,734 53,533 37,617 21,480 liabilities 110,562 130,040 82,669 99,170 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 liabilities 5,034,214 7,249,943 4,785,244 7,130,767 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 Notes to interim financial statements form an integral part LIABILITIES 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 SeparateSeparate Financial Statements Financial Statements As at September As at December As at September As at December Notes 30, 2018 31, 2017 30, 2018 31, 2017 SHAREHOLDERS' EQUITY SHARE CAPITAL Authorised share capital 1,200,000 1,200,000 1,200,000 1,200,000 Issued and paid-up share capital 980,000 980,000 980,000 980,000 PREMIUM ON ORDINARY SHARES 669,210 669,210 669,210 669,210 RETAINED EARNINGS Appropriated Legal reserve 80,874 80,874 80,874 80,874 Unappropriated 1,658,049 1,610,388 1,312,274 1,201,102 TOTAL SHAREHOLDERS' EQUITY 3,388,133 3,340,472 3,042,358 2,931,186 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 14,082,529 13,509,799 13,439,470 13,258,790 Consolidated Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale of real estate 1,018,352 1,390,665 816,675 1,177,177 Interest income 338 421 18,758 18,592 Other income 23,392 13,309 27,720 10,118 Total income 1,042,082 1,404,395 863,153 1,205,887 EXPENSES 4 Cost of 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 transferred fee 38,959 54,436 31,280 46,305 Administrative expenses 135,913 135,115 103,969 107,482 Finance costs 56,529 59,837 55,101 60,374 Total expenses 1,013,274 1,344,161 807,867 1,145,038 Profit (loss) before income tax expense 28,808 60,234 55,286 60,849 Income tax expense 11,821 14,810 13,695 12,970 PROFIT (LOSS) FOR THE PERIOD 16,987 45,424 41,591 47,879 Other comprehensive income for the period - - - - 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 Profit (loss) attributable to Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 Total comprehensive income attributable to Shareholders' equity of the parent company 16,987 45,424 41,591 47,879 Non-controlling interests - - - - 16,987 45,424 41,591 47,879 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY Profit (loss) for the period (Baht per share) 15 0.02 0.05 0.04 0.05 Consolidated Separate Financial Statements Financial Statements Notes 2018 2017 2018 2017 INCOME 4 Revenue from sale of real estate 3,019,231 3,595,082 2,444,840 2,923,309 Interest income 1,786 3,704 57,236 61,823 Reversal of provision for litigation 12 - 11,500 - 11,500 Other income 79,327 72,658 102,895 55,955 Total income 3,100,344 3,682,944 2,604,971 3,052,587 EXPENSES 4 Cost of 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 tranferred fee 115,505 139,274 93,650 113,612 Administrative expenses 403,439 405,865 317,824 325,687 Finance costs 168,262 192,142 167,929 195,033 Total expenses 2,974,894 3,553,078 2,410,243 2,937,190 Profit (loss) before income tax expense 125,450 129,866 194,728 115,397 Income tax expense 38,591 39,515 44,358 30,319 PROFIT (LOSS) FOR THE PERIOD 86,859 90,351 150,370 85,078 Other comprehensive income for the period - - - - 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 Profit (loss) attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 Total comprehensive income attributable to Shareholders' equity of the parent company 86,859 90,351 150,370 85,078 Non-controlling interests - - - - 86,859 90,351 150,370 85,078 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY Profit (loss) for the period (Baht per share) 15 0.09 0.09 0.15 0.09 Consolidated Financial Statements Issued and Premium 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 1,593,352 3,314,466 Dividend Comprehensive income for the period - - - (48,997) (48,997) Profit for the period - - - 90,351 90,351 Total comprehensive income for the period - - - 90,351 90,351 Balance as at September 30, 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, 2018 980,000 669,210 80,874 1,610,388 3,340,472 Dividend 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 Issued and Premium 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 - - - - - - (48,997) 85,078 (48,997) 85,078 Total comprehensive income for the period - - - 85,078 85,078 Balance as at September 30, 2017 980,000 669,210 71,904 1,126,989 2,848,103 For the nine-month period ended September 30, 2018 Balance as at January 1, 2018 980,000 669,210 80,874 1,201,102 2,931,186 Dividend Comprehensive income for the period Profit for the period 13 - - - - - - (39,198) 150,370 (39,198) 150,370 Total comprehensive income for the period - - - 150,370 150,370 Balance as at September 30, 2018 980,000 669,210 80,874 1,312,274 3,042,358 Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 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 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 on current investment (1) (1) (1) (1) Loss of written off other current asset - 1,050 - 1,050 Gain from written off construction retentions (8,215) (4,463) - (1,244) Employee benefit obligations 4,667 1,569 2,191 376 Homecare warranty and housing estate juristic persom expenses 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 (1,786) (3,704) (57,236) (61,823) Profit (loss) from operations before changes in operating assets and liabilities 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 (248,547) 405,135 209,530 492,788 Deposits for land (183,042) (37,210) (206,042) (37,210) Other current assets (94,539) (27,182) (97,412) (21,899) Other non-current assets 7,828 (2,867) 10,862 (4,231) 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 liabilities 11,020 1,775 9,033 424 Utilities guarantee (224) (3,483) (224) (3,483) Other non-current liabilities (22,074) (6,790) (18,323) (3,904) Cash from operating activities 110,485 762,652 595,905 827,086 Income tax paid (55,023) (69,735) (46,478) (29,626) Net cash provided by (used in) operating activities 55,462 692,917 549,427 797,460 ASH FLOWS FROM INVESTING ACTIVITIES Interest received 1,786 3,704 1,638 3,503 (Increase) decrease in deposits at banks used as collateral 27,379 746 35,627 746 (Increase) decrease in short-term loans from related parties - - (20,752) 121,886 Investment in subsidiaries increaseed the capital - - (9,000) - Purchase of investment properties (46) (765) (46) (765) Purchase of equipments (30,043) (20,940) (6,629) (18,192) Received from disposal of equipment 266 2,666 33 683 Purchase of intangible assets (2,710) (1,779) (841) (1,495) Net cash provided by (used in) investing activities (3,368) (16,368) 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 loans from financial institutions (48,495) (1,157,903) (58,011) (1,148,844) Increase (decrease) in short-term loans from related parties - - 152,060 (112,990) Proceed from long-term loans from financial institutions 1,797,915 1,937,464 1,024,244 1,727,977 Repayment of long-term loans from financial institutions (1,514,427) (1,493,490) (1,377,291) (1,378,710) Proceeds from debentures - 2,154,500 - 2,154,500 Repayment of debentures - (1,606,300) - (1,606,300) 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 (218,512) (694,135) (684,535) (888,604) Consolidated Separate Financial Statements Financial Statements 2018 2017 2018 2017 Net increase (decrease) in cash and cash equivalents (166,418) (17,586) (135,078) 15,222 Cash and cash equivalents 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 equipments 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 AREEYA PROPERTY PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2018

Appears in 1 contract

Samples: a.listedcompany.com

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 the accounting standards Thai Accounting Standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 11November 13, 2023 2019 (Miss Xxxxxxx XxxxxxxxxxxXxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 6838 STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2019 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at March September As at December As at March September As at December Notes 30, 2019 31, 2023 2018 30, 2019 31, 2022 31, 2023 31, 2022 2018 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 56,506 85,918 33,843 60,966 Current investment 80 84 80 84 Trade and other current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 - - 5 403,198 235,650 1,253,415 1,025,242 Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 6 11,663,681 11,491,580 8,524,233 8,554,629 Deposits for land 10 - - - - 17 275,200 280,900 275,200 280,900 Short-term loans to related parties 5 4 - - 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 1,229,163 1,148,330 Other current assets 3,331 3,331 - - 23,034 5,987 15,812 1,849 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 12,421,699 12,100,119 11,331,746 11,072,000 NON-CURRENT ASSETS Deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 7 268,272 194,844 262,084 188,667 Investments in subsidiaries 11 8 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 313,000 311,000 Investment properties 554,904 554,904 516,104 516,104 9 478,630 451,650 433,630 412,040 Property, plant and equipment 12 611,239 614,707 609,647 612,887 Right-of-use assets 13 306,424 305,972 10,134 10,946 316,835 341,762 274,893 308,363 Prepaid rental expenses 121,381 127,773 121,381 127,773 Leasehold rights 14 2,266,279 2,146,541 - - 10 1,097,749 902,549 1,097,749 902,549 Intangible assets 4,871 5,477 4,254 4,724 15,383 18,675 13,495 16,406 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 78,405 49,894 14,178 6,091 Rental deposit 4 60,000 60,000 60,000 60,000 Other non-current assets 83,734 53,533 37,617 21,480 31,887 50,039 22,837 39,892 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 2,468,542 2,197,186 2,613,247 2,372,781 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 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 Separate.

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Samples: a.listedcompany.com

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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 1115, 2023 (Miss Xxxxxxx XxxxxxxxxxxXxxxxxxxxx Xxxxxxxxx) Certified Public Accountant Registration No. 7318 10142 "UNAUDITED" "REVIEWED" - 2 - VIBHAVADI MEDICAL CENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2023 ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at March As at December As at March As at December Notes 31, 2023 31, 2022 31, 2023 31, 2022 CURRENT ASSETS Current assets Cash and cash equivalents 5 441,942,005 434,777,362 105,415,949 128,008,454 Trade receivables 4, 6 82,482 135,106 33,263 72,721 Trade and other current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue 369,002,819 380,930,481 141,037,527 168,816,802 Accrued revenues from construction service 8 67,967 79,541 hospital operations 6 455,824,284 607,523,898 4,947,276 27,543,958 Accrued dividend income 4 48,434,270 - - Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - - - 244,223,400 - Short-term loans to related parties 5 4, 7 214,300,000 203,300,000 190,300,000 193,300,000 Current portion of long-term loans to other persons 1,740,000 1,750,000 - - 1,347,446 1,341,613 Current tax assets 9,132 30,261 2,783 16,195 Inventories 8 200,155,730 200,359,025 55,889,849 54,047,661 Other current financial assets 86 86 86 86 4, 10 1,203,574,396 1,172,440,000 1,185,630,000 1,172,440,000 Other current assets 3,331 3,331 - - 4 70,871,943 63,557,710 9,724,382 12,672,039 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 NON3,005,845,447 3,064,638,476 1,937,168,383 1,756,828,914 Non-CURRENT ASSETS Deposits at banks used current assets Fixed deposits pledged as collateral 15.89 56,885,045 56,845,775 - - Other non-current financial assets 4, 15.9 589,749 544,839 589,749 544,839 10 13,513,519,702 15,015,681,726 8,523,058,691 9,957,772,291 Investments in associates 11 3,127,781,840 3,108,220,752 1,681,240,043 1,681,240,043 Investments in subsidiaries 11 12 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 1,662,247,659 1,662,247,659 Long-term loans to related parties 4 - 24,000,000 - - Long-term loans to other persons 59,846,857 38,281,857 - - Investment properties 554,904 554,904 516,104 516,104 property 13 427,298,295 431,573,262 354,834,727 358,569,763 Property, plant and equipment 12 611,239 614,707 609,647 612,887 14 8,302,194,988 8,386,044,993 1,077,496,357 1,086,159,299 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 15 23,427,752 24,982,402 11,577,283 12,503,081 Goodwill 729,236,989 729,236,989 - - Intangible assets 4,871 5,477 4,254 4,724 21,436,377 15,684,390 3,625,265 4,012,015 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 16 9,437,704 9,433,219 - - Advance payment for assets 5,723,162 5,977,645 - - Other non-current assets 83,734 53,533 37,617 21,480 12,779,077 11,921,036 2,321,443 2,003,359 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 26,289,567,788 27,857,884,046 13,316,401,468 14,764,507,510 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 29,295,413,235 30,922,522,522 15,253,569,851 16,521,336,424 Notes to the interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate"UNAUDITED" "REVIEWED" - 3 - VIBHAVADI MEDICAL CENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2023

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Samples: www.vibhavadi.com

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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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. *****/2 EMPHASIS OF MATTER I draw attention to Note 2.5 in the interim financial statements on the cumulative effect of the previous period's financial statement correction regarding the adjustment of accounts recording of financial assets to follow the investment objective of the company. Therefore, the Company restated the consolidated financial statements and separate financial statements to recognise such items in profit or loss presented as comparative information correctly in accordance with the objective of the company. I have audited and reviewed the related adjustments and believed that such adjustments are appropriate. I did not express a qualified opinion in respect of this matter. (Mr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 4752 Dharmniti Auditing Company Limited Bangkok, Thailand May 1114, 2023 (Miss Xxxxxxx Xxxxxxxxxxx) Certified Public Accountant Registration No. 7318 ASSETS In Thousand 2021 ASSETS‌ Baht Consolidated Separate Financial Statements Financial Statements As at March As at December As at January As at March As at December As at January Notes 31, 2023 2021 31, 2022 2020 (Restated) 1, 2020 (Restated) 31, 2023 2021 31, 2022 CURRENT ASSETS 2020 (Restated) 1, 2020 (Restated) Current assets Cash and cash equivalents 5 589,224,070 338,293,191 602,855,047 142,505,976 40,881,085 70,346,919 Trade receivables 4, 6 82,482 135,106 33,263 72,721 Trade and other current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 - - Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - - - - 503,383,974 639,659,569 583,123,539 94,089,589 141,639,038 130,782,497 Short-term loans to related parties 5 4, 7 231,140,200 240,665,200 305,125,000 133,140,200 138,290,200 117,419,494 Current portion of long-term loans to other persons 1,320,000 1,180,000 - - 1,347,446 1,341,613 Current tax assets 9,132 30,261 2,783 16,195 - - Inventories 8 161,580,464 164,931,210 174,559,361 45,839,697 46,920,599 49,432,004 Capital decrease receivable 4, 12 - - - 75,949,597 75,949,597 - Accrued dividend income 4 32,734,713 68,650,075 - 187,246,852 67,450,075 - Other current financial assets 86 86 86 86 2.5, 10 400,364,021 156,910,000 56,102,150 400,364,021 156,910,000 56,102,150 Other current assets 3,331 3,331 - - 4 56,231,182 67,954,978 44,437,504 12,176,919 19,086,600 13,598,981 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 NON1,975,978,624 1,678,244,223 1,766,202,601 1,091,312,851 687,127,194 437,682,045 Non-CURRENT ASSETS Deposits at banks used current assets Fixed deposits pledged as collateral 15.89 39,436,967 39,406,478 36,252,346 - - - Other non-current financial assets 2.5, 15.9 589,749 544,839 589,749 544,839 4, 10 8,461,271,030 7,743,257,417 7,304,331,960 5,632,013,457 4,988,533,263 4,345,194,263 Investments in associates 11 2,208,527,412 2,150,082,246 2,353,951,866 1,690,994,168 1,641,360,168 1,777,365,788 Investments in subsidiaries 11 12 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 - 1,804,025,065 1,804,025,065 1,998,150,070 Long-term loans to related parties 4 24,000,000 24,000,000 24,000,000 - - - Long-term loans to other persons 18,460,000 18,945,000 5,370,000 - - - Investment properties 554,904 554,904 516,104 516,104 property 13 447,591,162 451,924,898 376,959,359 370,748,145 374,541,949 297,380,686 Property, plant and equipment 12 611,239 614,707 609,647 612,887 14 8,133,038,262 7,970,092,761 7,024,739,789 1,154,395,144 1,172,849,944 1,295,948,091 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 15 295,537,946 302,927,373 332,520,444 16,807,637 17,658,399 21,061,449 Goodwill 723,215,731 723,215,731 723,215,731 - - - Intangible assets 4,871 5,477 4,254 4,724 9,978,850 10,506,156 7,305,354 848,877 1,135,806 2,750,076 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 16 11,749,567 12,578,546 12,328,488 - - - Advance payment for assets 27,237,884 42,582,093 38,687,428 - - - Other non-current assets 83,734 53,533 37,617 21,480 6,284,189 7,255,642 7,312,284 4,597,889 4,873,391 5,112,224 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 20,406,329,000 19,496,774,341 18,246,975,049 10,674,430,382 10,004,977,985 9,742,962,647 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 22,382,307,624 21,175,018,564 20,013,177,650 11,765,743,233 10,692,105,179 10,180,644,692 Consolidated financial statements Separate financial statements Notes to the interim financial statements form an integral part of these statements. In Thousand Baht Consolidated Separate.

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Samples: www.vibhavadi.com

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 the accounting standards Thai Accounting Standard No. 34 «Interim Financial Reporting». Dharmniti Auditing Company Limited Bangkok, Thailand May 1114, 2023 2021 (Miss Xxxxxxx Mr. Xxxxxxxx Xxxxxxxxxxx) Certified Public Accountant Registration No. 7318 6699 STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2021 ASSETS In Thousand Consolidated financial statements Baht Consolidated Separate Financial Statements Financial Statements financial statements CURRENT ASSETS Note As at March As at December As at March As at December Notes 31, 2023 2021 31, 2022 2020 31, 2023 2021 31, 2022 CURRENT ASSETS 2020 Cash and cash equivalents 6 82,482 135,106 33,263 72,721 335,838,540 306,074,340 330,314,790 299,318,282 Trade and other current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 - - Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - - - - 4.4, 5 274,100,105 250,986,608 271,242,862 250,372,389 Current contract assets 14,402,174 12,797,613 13,321,719 12,054,033 Short-term loans to related parties 5 subsidiary 4.4 - - 1,347,446 1,341,613 Current tax assets 9,132 30,261 2,783 16,195 - 5,973,480 Inventories 6 277,759,327 257,851,968 273,138,341 254,155,366 Other current financial assets 86 86 86 86 7 7,828,384 6,957,944 7,828,384 6,957,944 Other current assets 3,331 3,331 - - Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 329,186 399,582 231,177 342,083 TOTAL CURRENT ASSETS 910,257,716 835,068,055 896,077,273 829,173,577 NON-CURRENT ASSETS Deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 Investments Investment in subsidiaries 11 8 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 2,357,444 2,357,444 Trade and other non-current receivables 5 9,816,950 11,251,986 9,816,950 11,251,986 Long-term loans to subsidiary 4.4 - - 6,234,700 - Investment properties 554,904 554,904 516,104 516,104 property 9 154,431,391 154,591,332 154,431,391 154,591,332 Property, plant and equipment 12 611,239 614,707 609,647 612,887 10 129,350,337 129,528,171 129,237,666 129,411,048 Right-of-use assets 11 102,196,112 104,968,304 102,196,112 104,968,304 Goodwill 12 334,672,061 334,672,061 334,672,061 334,672,061 Customer relationship 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - 36,916,387 40,332,654 36,916,387 40,332,654 Intangible assets 4,871 5,477 4,254 4,724 14 16,998,438 18,015,510 16,998,438 18,015,510 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 4,826,521 3,843,042 4,799,969 3,826,408 Other non-current assets 83,734 53,533 37,617 21,480 Total non28,142,769 25,186,460 28,064,769 25,186,460 TOTAL NON-current assets 6,241,861 6,037,660 5,631,043 5,575,195 CURRENT ASSETS 817,350,966 822,389,520 823,368,443 824,613,207 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 1,727,608,682 1,657,457,575 1,719,445,716 1,653,786,784 Notes to the interim financial statements form an integral part of these statements. In Thousand interim financial statements STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2021 LIABILITIES AND SHAREHOLDERS' EQUITY Baht Consolidated Separatefinancial statements Separate financial statements As at March As at December As at March As at December CURRENT LIABILITIES Note 31, 2021 31, 2020 31, 2021 31, 2020 Trade and other current payables 15 209,990,693 167,659,996 204,176,156 164,045,038 Current portion of lease liabilities 16 8,771,800 8,918,127 8,771,800 8,918,127 Corporate income tax payable 16,670,340 11,101,390 16,670,340 11,096,112 Other current provisions 2,054,135 1,750,320 2,054,135 1,750,320 Other current liabilities 2,128,104 1,644,589 2,105,909 1,644,589 TOTAL CURRENT LIABILITIES 239,615,072 191,074,422 233,778,340 187,454,186 NON-CURRENT LIABILITIES Lease liabilities 4.4, 16 93,837,488 96,052,606 93,837,488 96,052,606 Non-current provisions for employee benefit 27,788,110 27,765,012 27,662,418 27,684,826 Other non-current liabilities 25,805,636 24,937,360 25,805,636 24,937,360 TOTAL NON-CURRENT LIABILITIES 147,431,234 148,754,978 147,305,542 148,674,792 TOTAL LIABILITIES 387,046,306 339,829,400 381,083,882 336,128,978 Notes to the interim financial statements form an integral part of these interim financial statements STATEMENT OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2021 LIABILITIES AND SHAREHOLDERS' EQUITY (CONT.) Baht Consolidated financial statements Separate financial statements As at March As at December As at March As at December Note 31, 2021 31, 2020 31, 2021 31, 2020 SHAREHOLDERS' EQUITY Share capital Authorized share capital 584,500,000 ordinary shares of Baht 0.50 each 292,250,000 292,250,000 292,250,000 292,250,000 Issued and paid-up share capital 584,500,000 ordinary shares of Baht 0.50 each 292,250,000 292,250,000 292,250,000 292,250,000 Share premium on ordinary shares 776,416,427 776,416,427 776,416,427 776,416,427 Retained earnings Appropriated Legal reserve 29,225,000 29,225,000 29,225,000 29,225,000 Unappropriated 242,666,963 219,584,380 242,827,851 219,766,379 Other components of shareholders' equity TOTAL EQUITY ATTRIBUTABLE TO OWNERS OF (520,907) (453,897) - - THE PARENT 1,340,037,483 1,317,021,910 1,340,719,278 1,317,657,806 Non-controlling interest 524,893 606,265 - - TOTAL SHAREHOLDERS’ EQUITY 1,340,562,376 1,317,628,175 1,340,719,278 1,317,657,806 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 1,727,608,682 1,657,457,575 1,721,803,160 1,653,786,784 Notes to the interim financial statements form an integral part of these interim financial statements STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 Baht Consolidated financial statements Separate financial statements Note 0000 0000 0000 2020 Revenues Revenues from sales 4.5 233,626,851 275,525,078 230,740,560 273,815,827 Revenue from rendering of services 31,756,051 28,767,650 29,847,544 28,767,650 Other income 4.5 3,895,592 6,373,384 3,999,208 5,296,413 Total revenues 269,278,494 310,666,112 264,587,312 307,879,890 Expenses Cost of sales 153,281,902 178,848,582 150,676,904 177,770,587 Cost of rendering of services 27,134,741 25,522,103 25,861,980 25,522,103 Distribution cost 26,600,323 29,077,852 26,113,246 28,645,735 Administrative expenses 4.5 33,185,512 33,885,472 32,788,996 33,656,093 Total expenses 240,202,478 267,334,009 235,441,126 265,594,518 Profit from operating activities 29,076,016 43,332,103 29,146,186 42,285,372 Finance cost 4.5 440,255 27,721 440,255 27,721 Profit before income tax expenses 28,635,761 43,304,382 28,705,931 42,257,651 Income tax expenses 5,634,550 8,503,899 5,644,459 8,389,953 Profit for the period 23,001,211 34,800,483 23,061,472 33,867,698 Other comprehensive income Components of other comprehensive income that will be reclassified to profit or loss: Exchange differences on translating financial statement (67,010) (98,381) - - (67,010) (98,381) - - Other comprehensive income (expense) for the period, net of tax (67,010) (98,381) - - Total comprehensive income for the period 22,934,201 34,702,102 23,061,472 33,867,698 Profit (loss) attributable to Owners of the parent 23,082,583 Non-controlling interest (81,372) 34,800,483 - 23,061,472 - 33,867,698 - 23,001,211 34,800,483 23,061,472 33,867,698 Total comprehensive income (expense) attributable to Owners of the parent Non-controlling interest 23,015,573 (81,372) 34,702,102 - 23,061,472 - 33,867,698 - 22,934,201 34,702,102 23,061,472 33,867,698 Basic earnings per share Profit attributable to owners of the parent 18 0.04 0.06 0.04 0.06 Weighted average number of ordinary shares (shares) 584,500,000 584,500,000 584,500,000 584,500,000 Notes to the interim financial statements form an integral part of these interim financial statements STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 Baht Consolidated financial statements Equity attributable to owners of the parent Non-controlling Total Issued and Premium on Retained earnings Other components Total equity interest shareholders' paid-up ordinary shares of equity attributable to equity share capital Appropriated Unappropriated Exchange differences owners legal reserve on translating of the parent financial Note statements Beginning balance as at January 1, 2020 292,250,000 776,416,427 29,225,000 223,824,610 (53,664) 1,321,662,373 - 1,321,662,373 Total comprehensive income for the period Profit for the period Other comprehensive income (expense) for the period - - - - - - 34,800,483 - - (98,381) 34,800,483 (98,381) - - 34,800,483 (98,381) Ending balance as at March 31, 2020 292,250,000 776,416,427 29,225,000 258,625,093 (152,045) 1,356,364,475 - 1,356,364,475 Beginning balance as at January 1, 2021 Total comprehensive income for the period 292,250,000 776,416,427 29,225,000 219,584,380 (453,897) 1,317,021,910 606,265 1,317,628,175 Profit for the period Other comprehensive income (expense) for the period - - - - - - 23,082,583 - - (67,010) 23,082,583 (67,010) (81,372) - 23,001,211 (67,010) Ending balance as at March 31, 2021 292,250,000 776,416,427 29,225,000 242,666,963 (520,907) 1,340,037,483 524,893 1,340,562,376 Notes to the interim financial statements form an integral part of these interim financial statements STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 Issued and Premium on Baht Separate financial statements Retained earnings Total Note paid-up share capital ordinary shares Appropriated legal reserve Unappropriated shareholders' equity Beginning balance as at January 1, 2020 Total comprehensive income for the period Profit for the period 292,250,000 - 776,416,427 - 29,225,000 - 224,796,706 33,867,698 1,322,688,133 33,867,698 Other comprehensive income for the period - - - - - Ending balance as at March 31, 2020 292,250,000 776,416,427 29,225,000 258,664,404 1,356,555,831 Beginning balance as at January 1, 2021 Total comprehensive income for the period Profit for the period 292,250,000 - 776,416,427 - 29,225,000 - 219,766,379 23,061,472 1,317,657,806 23,061,472 Other comprehensive income for the period - - - - - Ending balance as at March 31, 2021 292,250,000 776,416,427 29,225,000 242,827,851 1,340,719,278 Notes to the interim financial statements form an integral part of these interim financial statements STATEMENT OF CASH FLOWS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 Baht Consolidated financial statements Separate financial statements 0000 0000 0000 2020 ash flows from operating activities Profit for the period 23,001,211 34,800,483 23,061,472 33,867,698 Adjustment to reconcile profit for the period to net cash provided by (used in) operating activities : Bad debt and expected credit losses (reversal) 167,576 47,377 165,055 41,091 Depreciation and amortization 6,765,899 4,418,545 6,759,481 4,415,906 Amortization of customer relationship 3,416,267 3,715,068 3,416,267 3,715,068 Loss on devaluation of inventories 336,078 1,000,856 336,078 1,000,856 (Gain) loss on disposals of equipment 22,949 36,683 22,949 36,683 Unrealized (gain) loss on exchange rate (2,190,786) (210,771) (2,092,898) (346,038) Unrealized (gain) loss on revaluation of other current financial assets (870,440) 1,752,498 (870,440) 1,752,498 Loss on impairment of equipments (reversal) (50,654) - (50,654) - Interest income (19,251) (188,852) (118,124) (210,764) Employee's benefit expenses 687,099 642,745 641,592 642,745 Finance cost 440,255 27,721 440,255 27,721 Income tax expense 5,634,550 8,503,899 5,644,459 8,389,953 Profit from operating before changes in operating assets and liabilities 37,340,753 54,546,252 37,355,492 53,333,417 (Increase) decrease in operating assets Trade and other current receivables (21,842,164) 24,519,165 (19,870,139) 26,541,377 Current contract assets (1,607,229) (1,362,040) (1,270,354) (1,362,040) Inventories (21,177,708) (7,594,700) (20,253,324) 11,702,795 Other current assets 70,396 178,569 110,906 208,223 Other non-current assets (2,956,309) (874,794) (2,878,309) (874,794) C Notes to the interim financial statements form an integral part of these interim financial statements STATEMENT OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 Consolidated financial statements Baht Separate financial statements 0000 0000 0000 2020 Increase (decrease) in operating liabilities Trade and other current payables 44,303,389 (9,777,228) 42,115,071 (21,061,850) Other current provisions 303,815 185,518 303,815 185,518 Other current liabilities 483,515 331,668 461,320 331,668 Non-current provisions for enployee benefit (664,000) - (664,000) - Other non-current liabilities 868,276 (103,646) 868,276 (103,646) Cash generated (paid) from operating 35,122,734 60,048,764 36,278,754 68,900,668 Income tax paid (1,049,071) (1,065,906) (1,043,792) (1,065,906) Net cash provided by (used in) operating activities 34,073,663 58,982,858 35,234,962 67,834,762 Cash flows from investing activities Cash payments for short-term loans - - - (6,352,000) Cash payments for purchases of equipment (1,501,884) (1,664,454) (1,501,884) (1,605,151) Xxxx receipts from disposal of equipment 44,583 60,319 44,583 60,319 Cash payments for purchases of intangible assets (373,500) (17,436) (373,500) (17,436) Interest received - 2,382 394,047 2,382 Net cash provided by (used in) investing activities (1,830,801) (1,619,189) (1,436,754) (7,911,886) Cash flows from financing activities Cash payments for lease liabilities (2,801,700) (256,230) (2,801,700) (256,230) Net cash provided by (used in) financing activities (2,801,700) (256,230) (2,801,700) (256,230) "UNAUDITED" "REVIEWED" Notes to the interim financial statements form an integral part of these interim financial statements XXXX ENGINEERING SOLUTIONS PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENT OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2021 Consolidated financial statements Baht Separate financial statements 0000 0000 0000 2020 Net increase (decrease) in cash and cash equivalents 29,441,162 57,107,439 30,996,508 59,666,646 Cash and cash equivalents at beginning of period 306,074,340 127,099,721 299,318,282 120,123,681 Effect of translation adjustment on foreign currency financial statements 323,038 (22,609) - - Cash and cash equivalents at end of period 335,838,540 184,184,551 330,314,790 179,790,327 Supplementaly disclosures of cash flows information : Non-Cash transaction Liabilities incurred from acquisition of equipment and intangible assets Liabilities incurred from acquisition of equipment and intangible assets - beginning of period 630,517 475,280 630,517 475,280 Inventories transferred to equipment (934,270) (1,420,267) (934,270) (1,420,267) Add Purchases of equipment and intangible assets 2,983,494 2,756,179 2,983,494 2,696,876 Less Cash payments (1,875,384) (1,681,890) (1,875,384) (1,622,587) Liabilities incurred from acquisition of fixed assets and intangible assets - ending of period 804,357 129,302 804,357 129,302 Notes to the interim financial statements form an integral part of these interim financial statements XXXX ENGINEERING SOLUTIONS PUBLIC COMPANY LIMITED AND ITS SURSIDIARIES NOTES TO THE INTERIM FINANCIAL STATEMENTS MARCH 31, 2021

Appears in 1 contract

Samples: Commitments and Contingent Liabilities

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 the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 1113, 2023 2019 (Miss Xxxxxxx XxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 4752 THE STATEMENTS OF FINANCIAL POSITION AS AT MARCH 31, 2019 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements CURRENT ASSETS Note As at March As at December As at March As at December 31, 2019 31, 2018 31, 2019 31, 2018 Cash and cash equivalents 71,839 29,219 69,449 26,623 Short-term investments 947 946 707 706 Trade accounts receivable 45 - - - Short-term loan to related parties 4 - - - - Inventories 5 267,066 311,754 267,066 311,754 Property development costs 6 1,487,181 1,597,714 1,487,181 1,597,714 Land held for development 7 1,975,410 1,954,096 1,902,002 1,880,688 Other current assets 4 7,037 11,816 6,942 11,861 Total current assets 3,809,525 3,905,545 3,733,347 3,829,346 NON-CURRENT ASSETS Deposit pledged as collateral 8 9,979 9,242 9,979 9,242 Investment in subsidiaries 9 - - 71,864 71,864 Investment property 10 189,594 194,086 189,594 194,086 Property, plant and equipment 11 104,702 106,705 104,697 106,698 Intangible assets 12 4,583 4,764 4,583 4,764 Witholding tax 11,106 11,178 10,989 10,989 Deferred tax asstes 21 16,283 14,095 14,562 12,374 Other non-current assets 3,505 4,012 3,305 4,012 Total non-current assets 339,752 344,082 409,573 414,029 TOTAL ASSETS 4,149,277 4,249,627 4,142,920 4,243,375 Notes to interim financial statements form an integral part of these statements. THE STATEMENTS OF FINANCIAL POSITION (CONT.) AS AT MARCH 31, 2019 LIABILITIES AND SHAREHOLDERS' EQUITY In Thousand Baht Consolidated Financial Statements Separate Financial Statements As at March As at December As at March As at December Notes Note 31, 2023 2019 31, 2022 2018 31, 2023 2019 31, 2022 2018 CURRENT ASSETS Cash LIABILITIES Bank overdrafts and cash equivalents 6 82,482 135,106 33,263 72,721 short-term loans from the financial institutions 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 receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue 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 construction service 8 67,967 79,541 14 - 1 - 1 the financial institutions 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 4 229,000 230,000 229,000 229,000 Short-term loan from the director 4 3,000 3,000 - - Real estate projects 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 1,291,158 1,381,653 1,287,622 1,377,938 NON-CURRENT LIABILITIES Liabilities under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 the finance lease agreement 14 - - - - ShortLong-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 from the 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 institutions 15 117,087 162,293 117,087 162,293 Employee benefit obligations 17 57,189 55,789 55,447 54,112 Provision for development 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 Property, plant and equipment 12 611,239 614,707 609,647 612,887 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - Intangible assets 4,871 5,477 4,254 4,724 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables compensation for housing estate juristic persons 18 20,114 19,527 20,114 19,527 Liabilities from construction 53,466 47,157 - - purchasing the real estate project 19 42,741 42,741 39,198 39,198 Other non-current assets 83,734 53,533 37,617 21,480 liabilities 2,526 1,985 2,526 1,985 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 liabilities 239,657 282,335 234,372 277,115 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 LIABILITIES 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 SeparateFinancial Statements Separate Financial Statements Note As at March As at December As at March As at December 31, 2019 31, 2018 31, 2019 31, 2018 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital Retained earnings 577,530 577,530 577,530 577,530 Appropriated - legal reserve 74,150 74,150 74,150 74,150 Unappropriated 721,498 688,675 723,962 691,358 Other components of equity - - - - Total equity attributable to company's shareholders 2,618,462 2,585,639 2,620,926 2,588,322 Non-controlling interests - - - - TOTAL SHAREHOLDER’S EQUITY 2,618,462 2,585,639 2,620,926 2,588,322 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 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 401,559 395,944 401,559 395,944 Rental income and service 5,459 5,391 4,169 4,152 Other income 4 1,450 1,442 1,462 2,230 Total Revenues 408,468 402,777 407,190 402,326 EXPENSES Cost of sales 4 255,724 261,314 255,724 261,314 Cost for rent and service 5,070 5,366 4,126 4,293 Selling expenses 49,254 58,805 49,254 58,805 Administrative expenses 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 368,417 393,497 367,358 391,972 Income (loss) before tax expenses 40,051 9,280 39,832 10,354 Tax expenses (income) 21.2 7,228 2,552 7,228 2,552 Profit (loss) for the period 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 32,823 6,728 32,604 7,802 Profit (loss) attributable to Shareholders' equity of the parent company 32,823 6,728 32,604 7,802 Non-controlling interests - - - - 32,823 6,728 32,604 7,802 Total comprehensive income attributable to Shareholders' equity of the parent company 32,823 6,728 32,604 7,802 Non-controlling interests - - - - 32,823 6,728 32,604 7,802 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Notes to interim financial statements form an integral part of these statements. 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 share capital Appropriated Unappropriated components paid-up legal reserve of equity Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 2,585,639 - 2,585,639 Comprehensive income Profit for the period - - 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 - - - - - 6,728 - 6,728 - - - 6,728 - 6,728 - - - 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 Notes to interim financial statements form an integral part of these statements. Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total issued and share capital Appropriated Unappropriated components 577,530 74,150 691,358 - 2,588,322 - - 32,604 - 32,604 Note paid-up legal reserve of equity Beginning balance as at January 1, 2019 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 32,604 32,604 Ending balance as at March 31, 2019 1,245,284 577,530 74,150 723,962 2,620,926 577,530 69,150 597,193 - 2,489,157 - - 7,802 - 7,802 Beginning balance as at January 1, 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 7,802 7,802 Ending balance as at March 31, 2018 1,245,284 577,530 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 2019 2018 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 32,823 6,728 32,604 7,802 Add (less) Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 5,344 6,019 5,342 6,002 Unrealized gain from trading securities (1) (1) (1) (1) Doubtful account 980 - 980 - (Gain) loss from sale and amortization of fixed assets - (30) - (30) (Gain) loss from sale and amortization of investment property 2,962 - 2,962 - Provision for compensation for housing estate juristic persons 587 521 587 521 Employee benefit expenses 1,109 841 1,055 806 Interest income (25) (783) (24) (782) Finance cost 11,278 19,952 11,218 19,945 Tax expenses (income) 7,228 2,552 7,228 2,552 Income from operating activities before changes in operating assets and liabilities 62,285 35,799 61,951 36,815 Decrease (increase) in operating assets Trade account receivable (45) - - - Inventories 44,688 50,986 44,688 50,986 Property development costs 92,136 73,733 92,136 73,733 Land held for development 5,649 (26,714) 5,649 (26,714) Other current assets 3,737 1,029 3,876 472 Other non-current assets 507 58 707 58 Notes to interim financial statements form an integral part of these statements. THE STATEMENTS OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2019 In Thousand Baht 2019 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 liabilities 7,291 (7) 7,316 (18) Other non-current liabilities 541 - 541 - Cash receivable (paid) from the operations 210,470 134,579 209,739 135,022 Xxxx received from interest income 88 67 87 66 Witholding taxes refunded from Revenue Department 95 125 - - Income tax expenses paid (4,085) (4,032) (4,062) (4,013) Net cash provided by (used in) operating activities 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) - (1) - Increase in short-term investments (737) - (737) - Proceeds from sales of fixed assets - 80 - 80 Cash paid for purchase of fixed assets (658) (843) (658) (843) Cash paid for purchase of investment property (973) - (973) - Cash paid for purchase of intangible assets - (21) - (21) Net cash provided by (used in) investing activities (2,369) (784) (2,369) 116 Consolidated Financial Statements Separate Financial Statements C Notes to interim financial statements form an integral part of these statements. THE STATEMENTS OF CASH FLOWS (CONT.) FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2019 CASH FLOWS FROM FINANCING ACTIVITIES In Thousand Baht Consolidated Financial Statements Separate Financial Statements 2019 2018 2019 2018 Increase (decrease) in bank overdrafts and short-term loans from the financial institutions (56,807) 55,202 (56,807) 55,202 Cash paid for liabilities under finance lease agreement (1) (209) (1) (209) Cash paid for short-term loan from other company (12,508) (40,000) (12,508) (40,000) Xxxx received from short-term loan a related party (1,000) - - - Xxxx received from short-term loan from the directors - 1,500 - 1,500 Cash paid for short-term loan from the directors - (1,000) - (1,000) Xxxx received from long-term loans 35,705 109,960 35,705 109,960 Cash paid for long-term loans (105,758) (188,478) (105,758) (188,478) Interest paid (21,210) (28,039) (21,200) (28,039) Net cash provided by (used in) financing activities (161,579) (91,064) (160,569) (91,064) Net increase (decrease) in cash and cash equivalents 42,620 38,891 42,826 40,127 Cash and cash equivalents, beginning of period 29,219 21,952 26,623 19,753 Cash and cash equivalents, end of period 71,839 60,843 69,449 59,880 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 597 837 597 837 Cash at bank 71,242 60,006 68,852 59,043 Total 71,839 60,843 69,449 59,880

Appears in 1 contract

Samples: Finance Lease Agreement

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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 1113, 2023 2020 (Miss Xxxxxxx XxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 4752 ASSETS In Thousand Baht Consolidated financial statements Separate Financial Statements Financial Statements financial statements As at March As at December As at March As at December Notes 31, 2023 2020 31, 2022 2019 31, 2023 2020 31, 2022 2019 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 174,930 182,190 87,675 94,272 Trade and other current receivables 5, 7 235,758 216,130 1,317,235 1,229,307 165,732 700,182 85,993 470,895 Unbilled revenue from receivables 23 1,439,650 1,138,172 744,336 411,365 Accounts receivable - retention under construction service 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 67,967 79,541 - - Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - - - - 5,571 5,569 5,514 5,514 Short-term loans to related parties 5 - - 1,347,446 1,341,613 Current - - Withholding tax assets 9,132 30,261 2,783 16,195 Other current financial assets 86 86 86 86 deducted at source 134,274 132,129 99,493 105,134 Other current assets 3,331 3,331 - - 39,347 37,720 15,997 20,071 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 2,875,434 3,011,582 1,331,345 1,445,343 NON-CURRENT ASSETS Deposits Restricted deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 9 10,541 10,541 - - Long-term loans to related parties 5 - - - - Investments in subsidiaries 11 10 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 476,198 476,073 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 12 611,239 614,707 609,647 612,887 13 570,224 595,909 547,955 570,690 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 23,972 - 11,100 - Intangible assets 4,871 5,477 4,254 4,724 10,502 10,747 10,334 10,566 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 22,854 28,972 13,402 13,367 Other non-current assets 83,734 53,533 37,617 21,480 6,959 6,271 5,467 5,468 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 769,435 704,053 1,166,832 1,103,915 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 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 Separatefinancial 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 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 (335,404) (347,048) (556,034) (551,368) Other components of shareholders' equity 13,845 15,616 - - Equity attributable to owners of the Company 877,986 868,113 642,359 647,025 Non-controlling interests of the subsidiaries (30,096) (28,526) - - Total shareholders' equity 847,890 839,587 642,359 647,025 TOTAL LIABILITIES 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. Consolidated financial statements Separate financial 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, finance cost and income tax expenses 24,878 (37,539) 2,848 (57,235) Share of profit (loss) from investments in associates 11.2 (1,596) - - - Share of profit (loss) from investments in joint ventures 12.2 (259) 1,080 - - Profit (loss) before finance cost and income tax expenses 23,023 (36,459) 2,848 (57,235) Finance cost 5 5,710 8,750 7,549 10,289 Profit (loss) before income tax expenses 17,313 (45,209) (4,701) (67,524) Income tax income (expenses) 21 (6,119) (3,038) 35 1,047 PROFIT (LOSS) FOR THE PERIOD 11,194 (48,247) (4,666) (66,477) 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 (2,891) 353 - - Other comprehensive income to be reclassified to profit or loss in subsequent periods - net of income tax (2,891) 353 - - Other comprehensive income for the period (2,891) 353 - - Total comprehensive income 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 equity holders of the Company 22 0.0012 (0.0078) (0.0005) (0.0108) 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 Equity attributable to the parent's shareholders Other dificit Retained earnings (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 Balance as at January 1, 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 - - - - - - (47,816) - - - (47,816) (431) (48,247) Other comprehensive income for the period - - - - - - - (345) - (345) (345) 698 353 Total comprehensive income for the period - - - - - - (47,816) (345) - (345) (48,161) 267 (47,894) Balance as at March 31, 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, 2020 1,198,393 - (2,956) (2,956) - 4,108 (347,048) 14,716 900 15,616 868,113 (28,526) 839,587 Profit for the period - - - - - - 11,644 - - - 11,644 (450) 11,194 Other comprehensive income for the period - - - - - - - (1,771) - (1,771) (1,771) (1,120) (2,891) Total comprehensive income for the period - - - - - - 11,644 (1,771) - (1,771) 9,873 (1,570) 8,303 Balance as at March 31, 2020 1,198,393 - (2,956) (2,956) - 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 Thousand Baht Separate financial statements Issued and Share premium Retained earnings (deficit) Total paid-up share capital Appropriated - Unappropriated Statutory reserve shareholders'equity Balance as at January 1, 2019 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 - - - (66,477) (66,477) Balance as at March 31, 2019 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 Separate financial statements 2020 2019 2020 2019 Cash flows from operating activities Profit (loss) before tax 17,313 (45,209) (4,701) (67,524) Adjustments to reconcile profit (loss) before tax to net cash provided by (paid from) operating activities Depreciation and amortisation 29,460 29,176 25,865 26,096 Allowance for doubtful debt - - 3,688 17,060 Unrealised (gain) loss on exchange rate (356) 940 (355) 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 investments in associate 1,596 - - - Share of (profit) loss from investments in joint venture 259 (1,080) - - Provision for liabilities under construction projects 1,000 7,898 - 7,898 Provision for long-term employee benefits 3,687 3,139 3,035 2,591 Amortised transaction cost of debenture - 250 - 250 Interest income (227) (14) (227) (13) Interest expenses 5,710 8,745 7,549 10,289 Profit (loss) from operating activities before changes in operating assets and liabilities 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 Accounts receivable - retention under construction contracts (36,499) 8,004 (4,621) 2,027 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 (2) (27) - - Other current assets (1,627) 5,816 4,074 12,054 Other non-current assets (688) (73) 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 payables (88,972) (82,020) (33,517) (105,633) Unbilled payables 85,554 65,336 105,112 (31,088) Unearned construction revenue - (6,000) - - 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 liabilities under construction projects (32,909) (6,409) (880) (5,796) 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 89,203 298,502 165,091 (21,322) Cash flows from investing activities Decrease (increase) in short-term loans to related parties - - (3,688) - Xxxx paid for investing in associate (74,625) - (74,625) - Interest income 227 14 227 13 Xxxx received from disposal of equipment 336 2,234 - 1,159 Cash paid for purchase of property, plant and equipment (4,331) (36,300) (3,853) (35,497) Net cash flows provided by (used in) investing activities (78,393) (34,052) (81,939) (34,325) 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. Consolidated financial statements Separate financial statements 2020 2019 2020 2019 Repayment of debentures (30,000) (150,000) (30,000) (150,000) Interest expenses (5,777) (9,801) (8,175) (7,456) Decrease in lease liabilities (3,189) (1,033) (1,361) - Net cash flows provided by (used in) financing activities (15,179) (24,710) (89,749) 86,872 Increase (decrease) in translation adjustment (2,891) 353 - - Net increase (decrease) in cash and cash equivalents (7,260) 240,093 (6,597) 31,225 Cash and cash equivalents at the beginning of the period 182,190 82,256 94,272 7,181 Cash and cash equivalents at the 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. NOTES TO INTERIM FINANCIAL STATEMENTS MARCH 31, 2020

Appears in 1 contract

Samples: TRC Construction

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 the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 11November 10, 2023 2017 (Miss Xxxxxxx XxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 4752 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at March September As at December As at March September As at December Notes 30, 2017 31, 2023 2016 30, 2017 31, 2022 31, 2023 31, 2022 CURRENT ASSETS 2016 Cash and cash equivalents 6 82,482 135,106 33,263 72,721 37,778 13,240 35,744 10,782 Short-term investments 699 696 699 696 Trade and other current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 - - Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - accounts receivable 107 - - - Short-term loans loan to related parties 5 4 - - 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 55,000 57,000 Inventories 5 495,761 622,874 495,761 622,874 Property development costs 6 2,162,945 2,608,548 2,162,945 2,608,548 Land held for development 7 1,793,635 1,464,839 1,720,227 1,391,431 Other current assets 3,331 3,331 - - 4 9,143 20,336 14,475 23,221 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 4,500,068 4,730,533 4,484,851 4,714,552 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 Investments 8 8,279 8,223 8,279 8,223 Investment in subsidiaries 11 9 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 11,864 11,864 Investment properties 554,904 554,904 516,104 516,104 property 10 206,655 214,237 206,655 214,237 Property, plant and equipment 12 611,239 614,707 609,647 612,887 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - 11 120,512 123,737 119,980 122,438 Intangible assets 4,871 5,477 4,254 4,724 12 5,739 4,930 5,739 4,930 Witholding tax 12,181 6,756 11,968 6,457 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - asstes 21 8,898 4,569 7,177 2,848 Other non-current assets 83,734 53,533 37,617 21,480 4,108 4,091 4,108 4,092 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 366,372 366,543 375,770 375,089 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 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 SeparateFinancial Statements Separate Financial Statements As at September As at December As at September As at December Note 30, 2017 31, 2016 30, 2017 31, 2016 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 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 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 14 809 829 809 829 the financial institutions 15 168,354 329,998 168,354 329,998 Short-term loan from other company 16 135,124 - 135,124 - Short-term loan from related parties 4 276,000 - 276,000 - Short-term loan from the director 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 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 15 1,028,136 647,696 1,028,136 647,696 Employee benefit obligations 17 43,779 39,885 42,483 38,740 Provision for compensation for housing estate juristic persons Liabilities from purchasing the real 18 15,768 14,844 15,768 14,844 estate project 19 32,147 32,147 28,604 28,604 Total non-current liabilities 1,120,064 735,412 1,115,225 730,724 TOTAL LIABILITIES 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 Note As at September As at December As at September As at December 30, 2017 31, 2016 30, 2017 31, 2016 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 68,050 68,050 68,050 68,050 Unappropriated 592,232 574,461 591,056 570,037 Other components of equity - - - - Total equity attributable to company's shareholders 2,483,096 2,465,325 2,481,920 2,460,901 Non-controlling interests - - - - TOTAL SHAREHOLDER’S EQUITY 2,483,096 2,465,325 2,481,920 2,460,901 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 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 369,953 287,467 369,953 287,467 Rental income and service 5,386 4,930 4,193 4,063 Other income 4 2,528 1,691 3,342 2,555 Total Revenues 377,867 294,088 377,488 294,085 EXPENSES Cost of sales 4 235,405 197,728 235,405 197,729 Cost for rent and service 5,318 4,560 4,458 3,710 Selling expenses 49,111 39,463 49,111 39,463 Administrative expenses 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 369,905 301,406 368,518 299,948 Income (loss) before tax expenses 7,962 (7,318) 8,970 (5,863) Tax expenses (income) 21 (3,226) (1,223) (3,226) (1,063) Profit (loss) for the period 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 17 - - - - - - - - 11,188 (6,095) 12,196 (4,800) Profit (loss) attributable to Shareholders' equity of the parent company 11,188 (6,095) 12,196 (4,800) Non-controlling interests - - - - 11,188 (6,095) 12,196 (4,800) Total comprehensive income attributable to Shareholders' equity of the parent company 11,188 (6,095) 12,196 (4,800) Non-controlling interests - - - - 11,188 (6,095) 12,196 (4,800) BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Basic earning (loss) per share (Baht per share) 0.009 (0.005) 0.010 (0.004) Notes to interim financial statements form an integral part of these statements. Sales 1,074,401 1,071,470 1,074,401 1,071,470 Rental income and service 15,530 15,552 12,468 12,500 Other income 4 7,383 10,803 9,699 12,840 Total Revenues 1,097,314 1,097,825 1,096,568 1,096,810 XPENSES Cost of sales 4 709,341 722,631 709,341 722,820 Cost for rent and service 16,204 15,614 12,962 12,853 Selling expenses 137,309 130,621 137,309 130,621 Administrative expenses 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 1,078,196 1,077,826 1,074,202 1,073,069 E Income (loss) before tax expenses 19,118 19,999 22,366 23,741 Tax expenses (income) 21 1,347 4,901 1,347 5,382 Profit (loss) for the period 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 for the period 17,771 14,767 21,019 18,034 Profit (loss) attributable to Shareholders' equity of the parent company 17,771 15,098 21,019 18,359 Non-controlling interests - - - - 17,771 15,098 21,019 18,359 Total comprehensive income attributable to Shareholders' equity of the parent company 17,771 14,767 21,019 18,034 Non-controlling interests - - - - 17,771 14,767 21,019 18,034 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Basic earning (loss) per share (Baht per share) 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 Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests issued and share capital Appropriated Unappropriated components Note paid-up legal reserve of equity 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 - - - - - 17,771 - 17,771 - - - 17,771 - 17,771 - - - 17,771 - 17,771 Ending balance as at September 30, 2017 1,245,284 577,530 68,050 592,232 - 2,483,096 - 2,483,096 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) - - - - Comprehensive income Profit for the period - - - 15,098 - 15,098 - 15,098 Other comprehensive income for the period - - - (331) - (331) - (331) Total comprehensive income for the period - - - 14,767 - 14,767 - 14,767 Ending balance as at September 30, 2016 1,245,284 577,530 66,750 570,135 - 2,459,699 - 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” Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total Note 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 21,019 - - 2,460,901 21,019 Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 21,019 - 21,019 Ending balance as at September 30, 2017 1,245,284 577,530 68,050 591,056 - 2,481,920 Beginning balance as at January 1, 2016 1,185,985 577,530 66,750 611,864 - 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 - - - 18,034 - 18,034 Ending balance as at September 30, 2016 1,245,284 577,530 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 0000 0000 0000 0000 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 17,771 15,098 21,019 18,359 Add (less) Adjustments to reconcile profit (loss) for the period to net cash provided by (used in) operating activities : Depreciation and amortization 19,841 20,023 19,074 19,074 Unrealized gain from trading securities (3) (3) (3) (3) Allowance for doubtful account - 4,404 - 4,404 (Gain) loss from sale and amortization of fixed assets 5,875 (322) 5,875 (322) Loss from write-off account asset - 81 - - Gain from written-off accounts payable and accrued expenses - (3,444) - (3,403) Provision for compensation for housing estate juristic persons 1,265 2,283 1,265 2,283 Employee benefit expenses 3,004 2,739 2,880 2,606 Interest income (2,473) (139) (2,469) (2,141) Interest expenses 62,862 54,536 62,835 54,023 Tax expenses (income) 1,347 4,901 1,347 5,382 Income from operating activities before changes in operating assets and liabilities 109,489 100,157 111,823 100,262 Decrease (increase) in operating assets Trade accounts receivable (107) (4,431) - (4,404) Inventories 127,113 (212,596) 127,113 (212,596) Property development costs 146,611 327,935 146,611 328,124 Land held for development - (14,427) - (14,427) Deposit from purchase land - (61,418) - (61,418) Other current assets 5,264 (13,054) 2,817 (12,995) Other non-current assets (17) 1,145 (17) 1,145 Notes to interim financial statements form an integral part of these statements. 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 payable (25,307) (5,920) (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 current liabilities (10) 66 8 (34) Cash receivable (paid) from the operations 348,705 133,965 347,216 137,440 Xxxx received from interest income 82 139 78 124 Witholding taxes refunded from Revenue Department 169 80 - - 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 - (10,950) - (10,950) Net cash provided by (used in) operating activities 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 short-term investments (55) 4,617 (55) 4,617 Increase in investment property - (14) - (14) Proceeds from sales of fixed assets - 350 - 350 Cash paid for purchase of fixed assets (4,910) (4,167) (4,910) (4,167) Cash paid for purchase of intangible assets (1,715) (397) (1,715) (397) Net cash provided by (used in) investing activities (6,680) 389 4,680 (35,111) Notes to interim financial statements form an integral part of these statements. “REVIEWED” - 11 - 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 In Thousand Baht Consolidated Financial Statements Separate Financial Statements 0000 0000 0000 0000 Increase (decrease) in bank overdrafts and short-term loans from the financial institutions (773,285) 326,167 (773,285) 326,167 Cash paid for liabilities under finance lease agreement (625) (1,046) (625) (1,046) Cash received from short-term loan from other company 170,000 - 170,000 - Cash paid for short-term loan from other company (34,876) - (34,876) - Xxxx received from short-term loan a related party 306,000 - 306,000 - Cash paid for short-term loan from related party (30,000) - (30,000) - 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 861,523 398,347 861,523 398,347 Cash paid for long-term loans (642,727) (673,674) (642,727) (673,674) Interest paid (81,134) (95,586) (81,134) (95,588) Dividend paid - (6,589) - (6,589) Net cash provided by (used in) financing activities (306,124) (116,381) (306,124) (81,383) Net increase (decrease) in cash and cash equivalents 24,538 (18,935) 24,962 (15,961) Cash and cash equivalents, beginning of period 13,240 29,700 10,782 24,111 Cash and cash equivalents, end of period 37,778 10,765 35,744 8,150 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 437 552 437 552 Cash at bank 37,341 10,213 35,307 7,598 Total 37,778 10,765 35,744 8,150

Appears in 1 contract

Samples: Finance Lease Agreement

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 the accounting standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 11August 13, 2023 2021 (Miss Xxxxxxx XxxxxxxxxxxChotima Kitsirakorn) Certified Public Accountant Registration No. 7318 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at March June As at December As at March June As at December Notes 30, 2021 31, 2023 2020 30, 2021 31, 2022 31, 2023 31, 2022 2020 CURRENT ASSETS Cash and cash equivalents 6 82,482 135,106 33,263 72,721 183,120 77,450 73,713 48,656 Trade and other current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 - - 6 150,205 177,836 1,137,907 1,128,256 Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 7 7,075,035 6,424,629 5,278,371 4,370,075 Deposits for land 10 - - - - 20 124,590 148,590 124,590 148,590 Short-term loans to related parties 5 - - 1,347,446 1,341,613 1,036,169 1,095,000 Current tax assets 9,132 30,261 2,783 16,195 19,996 7,385 7,717 - Other current financial assets 86 86 86 86 85 85 85 85 Other current assets 3,331 3,331 4,591 4,779 - - Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 7,557,622 6,840,754 7,658,552 6,790,662 NON-CURRENT ASSETS Deposits at banks used as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 8 342,128 361,433 342,128 349,876 Investments in subsidiaries 11 9 - - 2,853,995 2,853,995 364,000 315,000 Land held for development 1,714,316 1,714,316 990,803 990,803 7 1,737,774 2,899,938 865,082 2,027,691 Investment properties 554,904 554,904 516,104 516,104 10 394,614 394,614 355,814 355,814 Property, plant and equipment 12 611,239 614,707 609,647 612,887 340,273 352,805 326,564 334,717 Right-of-use assets 13 306,424 305,972 10,134 10,946 11 472,015 482,167 466,418 475,226 Prepaid rental expenses 106,444 110,682 106,444 110,682 Leasehold rights 14 2,266,279 2,146,541 - - 12 1,623,075 1,559,882 1,623,075 1,559,882 Intangible assets 4,871 5,477 4,254 4,724 8,839 10,213 7,440 8,565 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 44,245 44,514 30,952 29,076 Rental deposit 5 60,000 60,000 60,000 60,000 Other non-current assets 83,734 53,533 37,617 21,480 53,674 27,023 10,561 10,653 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 5,183,081 6,303,271 4,558,478 5,637,182 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 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 Separate.

Appears in 1 contract

Samples: a.listedcompany.com

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 the accounting standards Thai Accounting Standard No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 11November 8, 2023 2019 (Miss Xxxxxxx XxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 4752 ASSETS In Thousand Baht Consolidated Financial Statements Separate Financial Statements Financial Statements CURRENT ASSETS Note As at March September As at December As at March September As at December Notes 30, 2019 31, 2023 2018 30, 2019 31, 2022 31, 2023 31, 2022 CURRENT ASSETS 2018 Cash and cash equivalents 6 82,482 135,106 33,263 72,721 71,750 29,219 59,461 26,623 Short-term investments 952 946 710 706 Trade and other current receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 - - Real estate projects under development 9 6,772,194 6,767,777 4,312,526 4,410,770 Deposits for land 10 - accounts receivable 91 - - - Short-term loans loan to related parties 5 4 - - 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 - - Inventories 5 195,734 311,754 195,734 311,754 Property development costs 6 1,545,650 1,597,714 1,545,650 1,597,714 Land held for development 7 1,922,371 1,954,096 1,848,963 1,880,688 Other current assets 3,331 3,331 - - 4 9,410 11,816 9,327 11,861 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 3,745,958 3,905,545 3,659,845 3,829,346 NON-CURRENT ASSETS Deposits at banks used Deposit pledged as collateral 15.8, 15.9 589,749 544,839 589,749 544,839 Investments 8 13,409 9,242 13,409 9,242 Investment in subsidiaries 11 9 - - 2,853,995 2,853,995 Land held for development 1,714,316 1,714,316 990,803 990,803 79,364 71,864 Investment properties 554,904 554,904 516,104 516,104 property 10 190,627 194,086 190,627 194,086 Property, plant and equipment 12 611,239 614,707 609,647 612,887 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - - 11 87,085 106,705 87,057 106,698 Intangible assets 4,871 5,477 4,254 4,724 12 4,503 4,764 4,503 4,764 Witholding tax 1,869 11,178 1,773 10,989 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - asstes 21 14,334 14,095 12,613 12,374 Other non-current assets 83,734 53,533 37,617 21,480 3,396 4,012 3,336 4,012 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 315,223 344,082 392,682 414,029 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 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 SeparateFinancial Statements Separate Financial Statements As at September As at December As at September As at December Note 30, 2019 31, 2018 30, 2019 31, 2018 CURRENT LIABILITIES Bank overdrafts and short-term loans from the financial institutions 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 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 39 9,014 - 9,014 the financial institutions 14 273,495 395,424 273,495 395,424 Short-term loan from other company 15 - 48,162 - 48,162 Short-term loan from related parties 4 229,000 230,000 229,000 229,000 Short-term loan from the director 4 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 1,062,082 1,381,653 1,059,361 1,377,938 NON-CURRENT LIABILITIES Long-term loans from the financial institutions 14 283,207 162,293 283,207 162,293 Employee benefit obligations 16 60,433 55,789 58,856 54,112 Provision for compensation for housing estate juristic persons 17 20,824 19,527 20,824 19,527 Liabilities from purchasing the real estate project 18 42,741 42,741 39,198 39,198 Other non-current liabilities 3,350 1,985 3,350 1,985 Total non-current liabilities 410,555 282,335 405,435 277,115 TOTAL LIABILITIES 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 Note As at September As at December As at September As at December 30, 2019 31, 2018 30, 2019 31, 2018 SHAREHOLDER’S EQUITY Share capital Authorized share capital 1,245,284,305 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Issued and paid-up share capital 1,245,283,691 ordinary shares of Baht 1.00 each 1,245,284 1,245,284 1,245,284 1,245,284 Premium on share capital 577,530 577,530 577,530 577,530 Retained earnings Appropriated - legal reserve 74,150 74,150 74,150 74,150 Unappropriated 689,080 688,675 690,767 691,358 Other components of equity - - - - Total equity attributable to company's shareholders 2,586,044 2,585,639 2,587,731 2,588,322 Non-controlling interests 2,500 - - - TOTAL SHAREHOLDER’S EQUITY 2,588,544 2,585,639 2,587,731 2,588,322 TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY 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 351,596 304,661 351,596 304,661 Rental income and service 4,532 5,714 3,354 4,365 Other income 4 14,014 3,184 13,822 3,127 Total Revenues 370,142 313,559 368,772 312,153 EXPENSES Cost of sales 4 221,281 194,337 221,281 194,337 Cost for rent and service 4,988 5,289 4,160 4,411 Selling expenses 49,646 41,185 49,646 41,185 Administrative expenses 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 350,333 300,097 349,133 298,510 Income (loss) before tax expenses 19,809 13,462 19,639 13,643 Tax expenses (income) 5,151 2,779 5,112 2,779 Profit (loss) for the period 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 14,523 10,683 14,099 10,864 Profit (loss) attributable to Shareholders' equity of the parent company 14,658 10,683 14,527 10,864 Non-controlling interests - - - - 14,658 10,683 14,527 10,864 Total comprehensive income attributable to Shareholders' equity of the parent company 14,523 10,683 14,099 10,864 Non-controlling interests - - - - 14,523 10,683 14,099 10,864 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Profit (loss) for the period (Baht per share) 0.012 0.009 0.011 0.009 Notes to interim financial statements form an integral part of these statements. Sales 966,296 1,098,231 966,296 1,098,231 Rental income and service 15,287 16,674 11,622 12,736 Other income 4 16,961 7,188 16,799 8,628 Total Revenues 998,544 1,122,093 994,717 1,119,595 EXPENSES Cost of sales 4 617,142 711,088 617,142 711,088 Cost for rent and service 15,209 15,817 12,556 12,974 Selling expenses 134,160 150,134 134,160 150,134 Administrative expenses 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 951,974 1,073,506 948,965 1,069,425 Income (loss) before tax expenses 46,570 48,587 45,752 50,170 Tax expenses (income) 21.2 8,672 11,545 8,557 11,545 Profit (loss) for the period 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 for the period 37,763 37,042 36,767 38,625 Profit (loss) attributable to Shareholders' equity of the parent company 37,898 37,042 37,195 38,625 Non-controlling interests - - - - 37,898 37,042 37,195 38,625 Total comprehensive income attributable to Shareholders' equity of the parent company 37,763 37,042 36,767 38,625 Non-controlling interests - - - - 37,763 37,042 36,767 38,625 BASIC EARNINGS PER SHARE OF THE PARENT COMPANY 20 Profit (loss) for the period (Baht per share) 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 Shareholders' equity of the parent company Non-controlling Total Share capital Premium on Retained earnings Other Total interests Note issued and share capital Appropriated Unappropriated components paid-up legal reserve of equity Beginning balance as at January 1, 2019 1,245,284 577,530 74,150 688,675 - 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 - - - (135) - (135) - (135) Total comprehensive income for the period - - - 37,763 - 37,763 2,500 37,763 Ending balance as at September 30, 2019 1,245,284 577,530 74,150 689,080 - 2,586,044 2,500 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 - - - 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 Notes to interim financial statements form an integral part of these statements. Share capital Premium on In ThousandBaht Separate Financial Statements Retained earnings Other Total Beginning balance as at January 1, 2019 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 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, 2018 1,245,284 Comprehensive income Profit for the period - Other comprehensive income for the period - - - - - - Total comprehensive income for the period - - - 38,625 38,625 Ending balance as at September 30, 2018 1,245,284 577,530 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 2019 2018 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) for the period 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 15,804 18,016 15,797 17,992 Unrealized gain from trading securities (4) (2) (4) (2) Doubtful account 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 - 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 1,297 2,830 1,297 2,830 Employee benefit expenses 3,437 2,523 3,276 2,418 Interest income (128) (1,558) (124) (1,554) Interest expenses 32,802 57,091 32,614 56,507 Tax expenses (income) 8,672 11,545 8,557 11,545 Income from operating activities before changes in operating assets and liabilities 106,409 127,936 105,466 128,885 Decrease (increase) in operating assets Trade accounts receivable (91) (24) - - Inventories 116,020 99,378 116,020 99,378 Property development costs 69,017 272,927 69,017 272,927 Land held for development 38,267 (78,774) 38,267 (78,774) Deposit from purchase land - - - - Other current assets 1,425 (7,514) 1,554 (1,416) Other non-current assets 616 430 677 430 Notes to interim financial statements form an integral part of these statements. 2019 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 liabilities 758 101,098 759 101,071 Other non-current liabilities 1,364 - 1,364 - Cash receivable (paid) from the operations 327,539 460,592 326,324 467,456 Xxxx received from interest income 128 7,618 124 7,614 Witholding taxes refunded from Revenue Department 11,084 6,890 10,989 6,765 Income tax expenses paid (19,553) (11,586) (19,475) (11,519) Net cash provided by (used in) operating activities 319,198 463,514 317,962 470,316 ASH FLOWS FROM INVESTING ACTIVITIES Cash received from short-term loan to related parties - - - 55,000 Increase in temporary investment (2) - - - Increase in deposit pledged as collateral (4,167) (60) (4,167) (60) Proceeds from sales of fixed assets 11,000 155 10,769 80 Cash paid for purchase of fixed assets (1,976) (2,492) (1,947) (2,492) Cash paid for purchase of investment property (6,838) - (6,838) - Cash paid for purchase of intangible assets (298) (81) (298) (81) Cash received from capital in subsidiary 13,750 - - - Cash paid for increase of capital in subsidiary (11,250) - (7,500) (60,000) Net cash provided by (used in) investing activities 219 (2,478) (9,981) (7,553) 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 loans from the financial institutions (129,445) 84,766 (129,445) 84,766 Cash paid for liabilities under finance lease agreement (1) (626) (1) (626) Cash received from short-term loan the 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) - (54,100) 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) - (18,400) Xxxx received from long-term loans 337,786 362,564 337,786 362,564 Cash paid for long-term loans (338,801) (742,929) (338,801) (742,929) Interest paid (59,405) (94,521) (59,162) (92,944) Dividend paid (37,358) - (37,358) - Net cash provided by (used in) financing activities (276,886) (464,543) (275,143) (465,966) Net increase (decrease) in cash and cash equivalents 42,531 (3,507) 32,838 (3,203) Cash and cash equivalents, beginning of period 29,219 21,952 26,623 19,753 Cash and cash equivalents, end of period 71,750 18,445 59,461 16,550 Supplemental disclosures of cash flows information 1) Cash and cash equivalents consisted of : Cash on hand 607 827 637 827 Cash at bank 71,143 17,618 58,824 15,723 Total 71,750 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. NOTES TO INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2019

Appears in 1 contract

Samples: investor.ncgroup.co.th

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 the accounting standards Thai Accounting Standards No. 34 “Interim Financial Reporting”. Dharmniti Auditing Company Limited Bangkok, Thailand May 11August 13, 2023 2020 (Miss Xxxxxxx XxxxxxxxxxxMr. Xxxxxxxx Xxxxxxxxxxxxxx) Certified Public Accountant Registration No. 7318 4752 THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2020 ASSETS In Thousand Baht Consolidated Separate Financial Statements Financial Statements As at March As at December As at March June As at December Notes 30, 2020 31, 2023 31, 2022 31, 2023 31, 2022 CURRENT ASSETS 2019 Current assets Cash and cash equivalents 6 82,482 135,106 33,263 72,721 55,488,862.95 197,575,211.34 Trade and other current receivable 7 181,179,696.57 149,432,405.53 Current portion of finance lease receivables 7 235,758 216,130 1,317,235 1,229,307 Unbilled revenue from construction service 8 67,967 79,541 - - Real estate projects under development 15,228,315.04 9,579,165.92 Inventories 9 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 86 103,422,784.72 47,292,148.84 Other current assets 3,331 3,331 - - 2,446,909.39 4,033,393.62 Total current assets 7,170,950 7,232,232 7,013,339 7,070,692 NON357,766,568.67 407,912,325.25 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 1,714,316 1,714,316 990,803 990,803 Investment properties 554,904 554,904 516,104 516,104 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 12 611,239 614,707 609,647 612,887 11 141,132,725.08 145,126,213.80 Right-of-use assets 13 306,424 305,972 10,134 10,946 Leasehold rights 14 2,266,279 2,146,541 - 12 18,033,382.18 - Intangible assets 4,871 5,477 4,254 4,724 13 260,615.26 283,326.75 Deferred tax assets 56,879 50,214 18,740 19,417 Retention receivables from construction 53,466 47,157 - - 14 1,562,010.73 3,092,665.27 Other non-current assets 83,734 53,533 37,617 21,480 32,496,763.67 28,995,251.20 Total non-current assets 6,241,861 6,037,660 5,631,043 5,575,195 263,078,012.68 223,698,442.92 TOTAL ASSETS 13,412,811 13,269,892 12,644,382 12,645,887 620,844,581.35 631,610,768.17 Note to interim financial statements form an integral part of these statements. THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF FINANCIAL POSITION (CONT.) AS AT JUNE 30, 2020 LIABILITIES AND SHAREHOLDERS’ EQUITY 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” THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF FINANCIAL POSITION (CONT.) AS AT JUNE 30, 2020 LIABILITIES AND SHAREHOLDERS’ EQUITY (CONT.) Baht As at June As at December Notes 30, 2020 31, 2019 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 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" THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE-MONTH AND SIX-MONTH PERIOD ENDED JUNE 30, 2020 Baht For the three-month period For the six-month period ended June 30, ended June 30, 2020 2019 2020 2019 Revenues Revenues from sales and 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 the period Other comprehensive income Total comprehensive income for the period Earnings per share Basic earnings per share 126,527,090.98 10,108,665.54 28,156,767.67 - 164,792,524.19 19,557,374.00 194,481.63 19,362,892.37 3,779,447.29 15,583,445.08 - 15,583,445.08 125,640,696.12 11,801,919.36 25,356,764.43 70,617.19 162,869,997.10 16,808,704.87 115,682.43 16,693,022.44 3,465,313.09 13,227,709.35 - 13,227,709.35 236,171,406.22 17,466,497.84 54,743,697.46 - 308,381,601.52 34,664,277.81 719,343.66 33,944,934.15 6,700,925.21 27,244,008.94 - 27,244,008.94 222,744,888.30 21,585,220.46 49,654,618.31 161,361.37 294,146,088.44 28,621,224.24 591,788.93 28,029,435.31 5,876,452.71 22,152,982.60 - 22,152,982.60 Notes 182,974,644.65 806,949.43 568,304.11 184,349,898.19 178,466,118.15 767,089.28 445,494.54 179,678,701.97 341,024,402.62 1,387,049.43 634,427.28 343,045,879.33 321,312,749.56 1,002,068.58 452,494.54 322,767,312.68 24 0.06 0.07 0.10 0.11 Note to interim financial statements form an integral part of these statements. THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2020 “UNAUDITED” “REVIEWED” Baht Share capital Premium on Surplus on Retained earnings Total Issued and share capital Share-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 - - - - (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 Balance as at January 1, 2020 Adjustment Cumulative effects of changes in accounting policies due to the adoption of new financial reporting standards Balance as at January 1, 2020 (Restated) Dividend Profit for the period Balance as at June 30, 2020 Notes Balance as at January 1, 2019 Dividend 21 Profit for the period Balance as at June 30, 2019 100,000,000.00 - 6,754,000.00 10,000,000.00 67,795,624.51 184,549,624.51 - - - - (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” THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF CASH FLOWS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2020 Baht Consolidated Separate2020 2019 CASH FLOWS FROM OPERATING ACTIVITIES : 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 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 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 assets 1,586,484.23 (152,963.37) Other non-current assets (3,458,374.41) (752,303.75) Note to interim financial statements form an integral part of these statements. “UNAUDITED” “REVIEWED” THE PRACTICAL SOLUTION PUBLIC COMPANY LIMITED STATEMENT OF CASH FLOWS (CONT.) FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2020 Baht 2020 2019 Increase (decrease) in operating liabilities Trade and other payables 43,406,959.91 52,732,816.44 Other current liabilities (894,900.65) (4,415,082.86) Employee benefits obligations (201,500.00) (315,200.00) Other non-current liabilities (2,331,993.86) 8,396,375.01 Cash generated (paid) from operating (40,686,438.46) 85,388,765.81 Interest received 1,387,049.43 1,002,068.58 Income tax paid (4,079,407.56) (7,969,805.94) Net cash provided by (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES : (43,378,796.59) 78,421,028.45 (Increase) decrease in restricted bank deposit (141,974.85) (139,856.23) Cash payments to acquire property, plant and equipment (13,112,459.62) (19,238,050.12) Cash received from sale of equipment 409,883.17 - Net cash provided by (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES : (12,844,551.30) (19,377,906.35) Cash payment from long-term loan from financial institution (26,704,257.90) - Cash payments for liabilities under lease agreements (2,474,449.69) (2,156,426.95) Dividend paid (56,000,000.00) (20,000,000.00) Interest paid (684,292.91) (591,788.93) Net cash provided by (used in) financing activities (85,863,000.50) (22,748,215.88) Increase (decrease) in cash and cash equivalent, net (142,086,348.39) 36,294,906.22 Cash and cash equivalent, at beginning of period 197,575,211.34 10,166,009.85 Cash and cash equivalent, at end of period 55,488,862.95 46,460,916.07 Supplement disclosure for cash flows information : Purchase of asset under financial lease agreements Dividend payable 5,735,184.00 - 3,821,250.00 25,000,000.00 Note to interim financial statements form an integral part of these statements. NOTES TO INTERIM FINANCIAL STATEMENTS JUNE 30, 2020

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