Financial Statements
STATEMENTS OF FINANCIALS POSITION
| As at 31 March 2020 and 31 December 2019 | Consolidated (in thousand Baht) | |
|---|---|---|
| 2020 (Unaudited) |
2019 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 10,604,785 | 7,275,806 |
| Current investments | - | 288,261 |
| Trade and other current receivables | 8,281,426 | 11,072,591 |
| Inventories | 13,602,162 | 15,835,052 |
| Current tax assets | 475,927 | 461,092 |
| Other current financial assets | 159,301 | - |
| Oil fuel fund subsidies receivable | 3,402,781 | 2,688,055 |
| Total current assets | 36,526,382 | 37,620,857 |
| Non-current assets | ||
| Other non-current financial assets | 1,972,474 | - |
| Investments in subsidiaries | - | - |
| Investments in associates and joint ventures | 16,381,497 | 18,037,040 |
| Long-term loan to related parties | 1,274,022 | 1,035,872 |
| Other long-term investmentes | - | 2,068,972 |
| Investment properties | 126,966 | 126,966 |
| Property, plant and equipment | 54,063,307 | 52,584,001 |
| Right-of-use assets | 10,969,075 | - |
| Goodwill | 2,175,357 | 1,920,678 |
| Leasehold rights | - | 3,125,136 |
| Intangible assets | 11,126,905 | 8,493,908 |
| Deferred tax assets | 2,879,909 | 1,120,772 |
| Other non-current assets | 1,686,486 | 1,653,782 |
| Total non-current assets | 102,655,998 | 90,167,127 |
| Total assets | 139,182,380 | 127,787,984 |
| Liabilities and equity | ||
| Current liabilities | ||
| Short-term loan from financial institutions | 12,209,400 | 5,051,000 |
| Trade and other current payables | 8,768,594 | 13,446,859 |
| Current portion of long-term loans from financial institutions | 2,416,521 | 2,198,187 |
| Current portion of lease liabilities (2019: Current portion of finance lease liabilities) |
1,538,595 | 28,673 |
| Current portion of debenture | 3,000,000 | 3,000,000 |
| Excise tax and oil fuel fund payable | 869,665 | 1,241,894 |
| Current income tax payable | 254,131 | 144,540 |
| Long-term provisions | - | 733,047 |
| Other current financial liabilities | 570,009 | - |
| Other current liabilities | 1,263,690 | 1,238,858 |
| Total current liabilities | 30,890,605 | 27,083,058 |
| Non-current liabilities | ||
| Long-term loans from financial institutions | 26,766,561 | 19,807,452 |
| Lease liabilities (2019: Finance lease liabilities) | 6,354,213 | - |
| Debentures | 17,984,682 | 17,984,746 |
| Deferred tax liabilities | 704,584 | 608,592 |
| Liabilities on long-term lease | - | 32,516 |
| Non-current provisions for employee benefits | 2,496,314 | 2,588,111 |
| Provision for the decommissioning cost | 349,504 | 322,897 |
| Other non-current financial liabilities | 84,187 | - |
| Other non-current liabilities | 162,943 | 545,567 |
| Total non-current liabilities | 54,902,988 | 41,889,881 |
| Total liabilities | 85,793,593 | 68,972,939 |
| Equity | ||
| Share capital | ||
|
1,376,923 | 1,376,923 |
|
1,376,923 | 1,376,923 |
| Share premium on ordinary shares | 11,157,460 | 11,157,460 |
| Other surpluses | 2,743,026 | 2,742,875 |
| Warrants | 1,985 | 2,122 |
| Retained earnings | ||
|
||
|
153,164 | 153,164 |
|
505,406 | 431,861 |
|
22,114,581 | 27,146,932 |
| Treasury shares | (505,406) | (431,861) |
| Perpetual subordinated debentures | 9,940,797 | 9,940,797 |
| Other components of equity | (1,392,434) | (916,343) |
| Equity attributable to owners of the parent | 46,095,502 | 51,603,930 |
| Non-controlling interests | 7,293,285 | 7,211,115 |
| Total equity | 53,388,787 | 58,815,045 |
| Total liabilities and equity | 139,182,380 | 127,787,984 |
STATEMENTS OF INCOME
| For Three-month period ended 31 March | Consolidated (in thousand Baht) | |
|---|---|---|
| 2020 | 2019 | |
| Revenue from sale of goods and rendering of services | 43,070,456 | 45,535,329 |
| Cost of sale of goods and rendering of services | (44,286,661) | (43,354,727) |
| Gross profit | (1,216,205) | 2,180,602 |
| Dividend income | - | - |
| Other income | 105,030 | 118,492 |
| Selling expenses | (1,100,030) | (1,021,658) |
| Administrative expenses | (662,461) | (699,374) |
| Exploration and evaluation expense | (212) | (4,415) |
| Gain (loss) from derivatives | (359,529) | 17,687 |
| Gain on foreign exchange | 326,370 | 57,395 |
| Loss from impairment of assets | (1,404,177) | - |
| Profit (loss) from operating activities | (4,311,214) | 648,729 |
| Finance costs | (463,923) | (442,814) |
| Impairment gain and reversal of impairment loss (impairment loss) determined in accordance with TFRS 9 | 5,275 | - |
| Share of profit (loss) of associates and joint ventures accounted for using equity method | (1,082,147) | 157,318 |
| Profit (loss) before income tax expense | (5,852,009) | 363,233 |
| Tax income | 1,535,886 | 31,579 |
| Profit (loss) for the period | (4,316,123) | 394,812 |
| Profit (loss) attributable to: | ||
|
(4,660,770) | 213,953 |
|
344,647 | 180,859 |
| Profit (loss) for the period | (4,316,123) | 394,812 |
| Basic earnings (loss) per share | (3.49) | 0.16 |