Financial Statements
STATEMENTS OF FINANCIALS POSITION
| As at 30 June 2020 and 31 December 2019 | Consolidated (in thousand Baht) | |
|---|---|---|
| 2020 (Unaudited) |
2019 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 18,094,155 | 7,275,806 |
| Current investments | - | 288,261 |
| Trade and other current receivables | 4,661,675 | 11,072,591 |
| Inventories | 11,486,924 | 15,835,052 |
| Current tax assets | 48,784 | 461,092 |
| Current portion of long-term loan to related parties | - | - |
| Other current financial assets | 142,422 | - |
| Non-current assets classified as held for sale | 14,190 | - |
| Oil fuel fund subsidies receivable | 2,109,457 | 2,688,055 |
| Total current assets | 36,557,607 | 37,620,857 |
| Non-current assets | ||
| Other non-current financial assets | 3,299,338 | - |
| Investments in subsidiaries | - | - |
| Investments in associates and joint ventures | 15,854,351 | 18,037,040 |
| Long-term loans to related parties | 1,218,232 | 1,035,872 |
| Other long-term investments | - | 2,068,972 |
| Investment properties | 126,966 | 126,966 |
| Property, plant and equipment | 54,061,922 | 52,584,001 |
| Right-of-use assets | 10,716,905 | - |
| Goodwill | 2,143,943 | 1,920,678 |
| Leasehold rights | - | 3,125,136 |
| Intangible assets | 10,432,023 | 8,493,908 |
| Deferred tax assets | 2,855,377 | 1,120,772 |
| Other non-current assets | 1,866,470 | 1,653,782 |
| Total non-current assets | 102,575,527 | 90,167,127 |
| Total assets | 139,133,134 | 127,787,984 |
| Liabilities and equity | ||
| Current liabilities | ||
| Short-term loan from financial institutions | 7,824,400 | 5,051,000 |
| Trade and other current payables | 5,010,770 | 13,446,859 |
| Current portion of long-term loans from financial institutions | 2,374,850 | 2,198,187 |
| Current portion of lease liabilities (2019: Current portion of finance lease liabilities) | 1,545,094 | 28,673 |
| Current portion of debenture | 5,500,000 | 3,000,000 |
| Excise tax and oil fuel fund payable | 2,708,059 | 1,241,894 |
| Current income tax payable | 174,047 | 144,540 |
| Long-term provisions | - | 733,047 |
| Other current financial liabilities | 266,708 | - |
| Other current liabilities | 1,303,702 | 1,238,858 |
| Total current liabilities | 26,707,630 | 27,083,058 |
| Non-current liabilities | ||
| Long-term loans from financial institutions | 27,497,263 | 19,807,452 |
| Lease liabilities (2019: Finance lease liabilities) | 6,128,178 | - |
| Debentures | 23,477,268 | 17,984,746 |
| Deferred tax liabilities | 660,707 | 608,592 |
| Liabilities on long-term lease | - | 32,516 |
| Non-current provisions for employee benefits | 2,551,616 | 2,588,111 |
| Provision for the decommissioning cost | 280,448 | 322,897 |
| Other non-current financial liabilities | 82,269 | - |
| Other non-current liabilities | 177,629 | 545,567 |
| Total non-current liabilities | 60,855,378 | 41,889,881 |
| Total liabilities | 87,563,008 | 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 | 2,743,641 | 2,742,875 |
| Warrants | 1,865 | 2,122 |
| Retained earnings | ||
|
153,164 | 153,164 |
|
505,406 | 431,861 |
|
19,958,279 | 27,146,932 |
| Treasury shares | (505,406) | (431,861) |
| Perpetual subordinated debentures | 9,940,797 | 9,940,797 |
| Other components of equity | (951,576) | (916,343) |
| Equity attributable to owners of the parent | 44,380,553 | 51,603,930 |
| Non-controlling interests | 7,189,573 | 7,211,115 |
| Total equity | 51,570,126 | 58,815,045 |
| Total liabilities and equity | 139,133,134 | 127,787,984 |
STATEMENTS OF INCOME
| For the year ended 30 June | Consolidated (in thousand Baht) | |
|---|---|---|
| 2020 | 2019 (Restated) |
|
| Revenues | ||
| Revenue from sale of goods and rendering of services | 26,594,311 | 48,326,050 |
| Cost of sale of goods and rendering of services | (26,035,842) | (45,738,380) |
| Gross Profit | 558,469 | 2,587,670 |
| Dividend income | - | - |
| Other income | 186,783 | 108,315 |
| Selling expenses | (969,858) | (1,165,558) |
| Administrative expenses | (615,208) | (731,698) |
| Exploration and evaluation expense | - | (184) |
| Gain (loss) from derivatives | 282,700 | (1,087) |
| Gain on foreign exchange | 132,244 | 167,693 |
| Loss from impairment of assets | (83,073) | - |
| Profit (loss) from operating activities | (507,943) | 965,151 |
| Finance costs | (517,335) | (421,326) |
| Impairment loss determined in accordance with TFRS 9 | (894,990) | - |
| Share of profit of associates and joint ventures accounted for using equity method | 168,802 | 156,343 |
| Profit (loss) before income tax expense | (1,751,466) | 700,168 |
| Tax income (expense) | 26,042 | (24,855) |
| Profit (loss) for the period | (1,725,424) | 675,313 |
| Profit (loss) attributable to: | ||
|
(1,910,718) | 528,121 |
|
185,294 | 147,192 |
| Profit (loss) for the period | 2,488,492,891 | 3,234,695,734 |
| Basic earnings (loss) per share (in Baht) | (1.50) | 0.38 |