Financial Statements

Year:

Financial Statements

Year 2019

Q2

Q1

STATEMENTS OF FINANCIALS POSITION

As at 30 June 2019 and 31 December 2018	Consolidated (in thousand Baht)
As at 30 June 2019 and 31 December 2018	2019 (Unaudited)	2018
Assets
Current assets
Cash and cash equivalents	5,703,251	11,550,620
Current investments	222,392	262,039
Trade accounts receivable	7,799,479	6,968,512
Other receivables	1,601,533	1,642,717
Inventories	17,220,870	15,134,925
Current tax assets	420,926	256,651
Oil fuel fund subsidies receivable	1,333,884	1,780,596
Total current assets	34,302,335	37,596,060
Non-current assets
Investments in subsidiaries	-	-
Investments in associates and joint ventures	18,271,394	18,047,950
Long-term loans to related parties	901,192	198,755
Other long-term investments	2,228,720	1,815,302
Investment properties	126,966	126,966
Property, plant and equipment	49,703,545	48,876,754
Goodwill	1,602,325	1,602,325
Leasehold rights	2,966,364	2,900,579
Intangible assets	3,506,371	3,658,271
Deferred tax assets	997,219	827,463
Other non-current assets	1,576,892	1,718,193
Total non-current assets	81,880,988	79,772,558
Total assets	116,183,323	117,368,618
Liabilities and equity
Current liabilities
Short-term loan from financial institutions	4,638,924	5,004,252
Trade accounts payable	8,911,155	6,680,251
Other payables	2,106,211	3,156,970
Current portion of long-term loans from financial institutions	2,250,501	2,215,714
Excise tax and oil fuel fund payable	-	4,000,000
Income tax payable	161,358	121,162
Other current liabilities	979,031	938,559
Total current liabilities	21,631,947	25,503,610
Non-current liabilities
Long-term loans from financial institutions	20,591,771	18,264,242
Debentures	20,982,556	20,980,047
Deferred tax liabilities	450,546	466,688
Liabilities on long-term lease	32,516	37,863
Non-current provisions for employee benefits	2,236,435	2,053,675
Provision for the decommissioning cost	330,171	355,355
Other non-current liabilities	167,158	169,584
Total non-current liabilities	44,791,153	42,327,454
Total liabilities	66,423,100	67,831,064
Equity
Share capital
Authorised share capital	1,376,923	1,376,923
Issued and paid-up share capital	1,376,923	1,376,923
Share premium on ordinary shares	11,157,460	11,157,460
Capital surplus on share reduction	189,618	189,618
Other surpluses	1,381,026	1,370,361
Surplus from business combination	1,170,411	1,170,411
Warrants	3,198	8,400
Appropriated
- Legal reserve	153,164	153,164
Unappropriated	27,469,606	27,453,937
Other components of equity	(86,731)	(165,309)
Equity attributable to owners of the parent	42,814,675	42,714,965
Non-controlling interests	6,945,548	6,822,589
Total equity	49,760,223	49,537,554
Total liabilities and equity	116,183,323	117,368,618

STATEMENTS OF INCOME

For Three-month period ended 30 June	Consolidated (Baht)
For Three-month period ended 30 June	2019	2018 (Restated)
Revenues
Revenue from sale of goods and rendering of services	48,326,050	45,557,583
Cost of sale of goods and rendering of services	(45,738,380)	(41,699,279)
Gross Profit	2,587,670	3,858,304
Interest income and dividend income	31,075	11,826
Other income	77,240	181,064
Selling expenses	(1,165,558)	(1,066,435)
Administrative expenses	(731,698)	(718,909)
Exploration and evaluation expense	(184)	(13,282)
Loss from crude and product oil price hedging contract	(28,047)	(135,931)
Gain (loss) from foreign currency forward contracts	26,960	94,998
Gain (loss) on foreign exchange	167,693	(38,548)
Impairment losses on assets	-	(411,575)
Share of profit (loss) of investments in associates and joint ventures	156,343	(8,308)
Profit before finance costs and income tax expense	1,121,494	1,753,204
Finance costs	(421,326)	(374,035)
Profit before income tax expense	700,168	1,379,169
Tax expense	(24,855)	(253,027)
Profit for the period	675,313	1,126,142
Profit (loss) attributable to:
Owners of the parent	528,121	985,134
Non-controlling interests	147,192	141,008
Profit for the period	675,313	1,126,142
Basic earnings per share	0.38	0.72