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Financial Statements

Year 2020

As at 30 September 2020 and 31 December 2019 Consolidated (in thousand Baht)
2020
(Unaudited)
2019
Assets
Current assets
Cash and cash equivalents 12,175,263 7,275,806
Current investments - 288,261
Trade and other current receivables 5,624,833 11,072,591
Inventories 13,209,309 15,835,052
Current tax assets 43,206 461,092
Current portion of long-term loan to related parties - -
Other current financial assets 178686 -
Oil fuel fund subsidies receivable 3,011,589 2,688,055
Total current assets 34,242,886 37,620,857
Non-current assets
Other non-current financial assets 6,357,998 -
Investments in subsidiaries - -
Investments in associates and joint ventures 15,367,731 18,037,040
Long-term loans to related parties 1,298,196 1,035,872
Other long-term investments  - 2,068,972
Investment properties  126,966 126,966
Property, plant and equipment 54,897,984 52,584,001
Right-of-use assets 10,534,437 -
Goodwill 2,157,398 1,920,678
Leasehold rights - 3,125,136
Intangible assets 11,681,163 8,493,908
Deferred tax assets 2,886,752 1,120,772
Other non-current assets 1,627,487 1,653,782
Total non-current assets 106,936,112 90,167,127
Total assets 141,178,998 127,787,984
Liabilities and equity    
Current liabilities    
Short-term loan from financial institutions 4,385,574 5,051,000
Trade and other current payables 8,919,424 13,446,859
Current portion of long-term loans from financial institutions 2,817,303 2,198,187
Current portion of lease liabilities (2019: Current portion of finance lease liabilities) 1,403,386 28,673
Current portion of debenture 2,500,000 3,000,000
Excise tax and oil fuel fund payable 806,248 1,241,894
Current income tax payable 100,096 144,540
Long-term provisions - 733,047
Other current financial liabilities 430,375 -
Other current liabilities 1,349,500 1,238,858
Total current liabilities 22,711,906 27,083,058
Non-current liabilities    
Long-term loans from financial institutions 30,607,797 19,807,452
Lease liabilities (2019: Finance lease liabilities) 6,038,726 -
Debentures 23,478,719 17,984,746
Deferred tax liabilities 822,735 608,592
Liabilities on long-term lease - 32,516
Non-current provisions for employee benefits 2,601,213 2,588,111
Provision for the decommissioning cost 283,362 322,897
Other non-current financial liabilities 87,023 -
Other non-current liabilities 353,100 545,567
Total non-current liabilities 64,272,675 41,889,881
Total liabilities 86,984,581 68,972,939
Equity    
Share capital    
  • Authorised share capital
1,376,923 1,376,923
  • Issued and paid-up share capital (1,376,923,157 ordinary shares of Baht 1 each)
1,376,923 1,376,923
Share premium on ordinary shares 11,157,460 11,157,460
Other surpluses 2,743,198 2,742,875
Warrants 1,850 2,122
Retained earnings    
  • Appropriated
153,164 153,164
  • Legal reserve
505,406 431,861
  • Treasury shares reserve
19,297,224 27,146,932
Treasury shares (505,406) (431,861)
Perpetual subordinated debentures 9,940,797 9,940,797
Other components of equity 2,165,504 (916,343)
Equity attributable to owners of the parent 46,836,120 51,603,930
Non-controlling interests 7,358,297 7,211,115
Total equity 54,194,417 58,815,045
Total liabilities and equity 141,178,998 127,787,984
For the three-month periods ended 30 September Consolidated (in thousand Baht)
2020 2019
(Restated)
Revenues
Revenue from sale of goods and rendering of services 33,651,755 46,481,156
Cost of sale of goods and rendering of services (31,058,402) (44,034,242)
Gross Profit 2,593,353 2,446,914
Dividend income - -
Other income 120,669 128,161
Selling expenses (1,030,665) (1,062,165)
Administrative expenses (582,396) (667,489)
Exploration and evaluation expense  - (123)
Gain (loss) from derivatives (71,533) 1,815
Gain on foreign exchange 133,698 115,346
Loss from impairment of assets (1,002,835)  -
Profit (loss) from operating activities 160,291 962,459
Finance costs (504,456) (411,632)
Impairment loss determined in accordance with TFRS 9 (23,738)  -
Share of profit of associates and joint ventures accounted for using equity method 57,502 38,462
Profit (loss) before income tax expense (310,401) 589,289
Tax income (expense) (18,892) (38,000)
Profit (loss) for the period (329,293) 551,289
Profit (loss) attributable to:
  • Owners of the parent
(647,016) 369,801
  • Non-controlling interests
317,723 181,488
Profit (loss) for the period (329,293) 551,289
Basic earnings (loss) per share (in Baht) (0.57)  0.27