Financial Statements
STATEMENTS OF FINANCIALS POSITION
| As at 30 September 2019 and 31 December 2018 | Consolidated (in thousand Baht) | |
|---|---|---|
| 2019 (Unaudited) |
2018 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | 6,496,403 | 11,550,620 |
| Current investments | 227,940 | 262,039 |
| Trade accounts receivable | 8,622,935 | 6,968,512 |
| Other receivables | 1,292,758 | 1,642,717 |
| Inventories | 15,600,336 | 15,134,925 |
| Current tax assets | 467,426 | 256,651 |
| Oil fuel fund subsidies receivable | 1,773,374 | 1,780,596 |
| Total current assets | 34,481,172 | 37,596,060 |
| Non-current assets | ||
| Investments in subsidiaries | - | - |
| Investments in associates and joint ventures | 18,025,778 | 18,047,950 |
| Long-term loans to related parties | 974,816 | 198,755 |
| Other long-term investments | 1,956,064 | 1,815,302 |
| Investment properties | 126,966 | 126,966 |
| Property, plant and equipment | 50,570,517 | 48,876,754 |
| Goodwill | 2,686,362 | 1,602,325 |
| Leasehold rights | 3,002,598 | 2,900,579 |
| Intangible assets | 7,797,522 | 3,658,271 |
| Deferred tax assets | 1,019,768 | 827,463 |
| Other non-current assets | 1,679,565 | 1,718,193 |
| Total non-current assets | 87,839,956 | 79,772,558 |
| Total assets | 122,321,128 | 117,368,618 |
| Liabilities and equity | ||
| Current liabilities | ||
| Short-term loan from financial institutions | 7,152,830 | 5,004,252 |
| Trade accounts payable | 9,240,539 | 6,680,251 |
| Other payables | 3,520,787 | 3,156,970 |
| Current portion of long-term loans from financial institutions | 2,155,641 | 2,215,714 |
| Current portion of debenture | 3,000,000 | 4,000,000 |
| Excise tax and oil fuel fund payable | 2,636,273 | 3,386,702 |
| Income tax payable | 57,283 | 121,162 |
| Other current provision | 185,704 | - |
| Other current liabilities | 1,065,396 | 938,559 |
| Total current liabilities | 29,014,453 | 25,503,610 |
| Non-current liabilities | ||
| Long-term loans from financial institutions | 22,464,830 | 18,264,242 |
| Debentures | 17,981,921 | 20,980,047 |
| Deferred tax liabilities | 547,051 | 466,688 |
| Liabilities on long-term lease | 32,516 | 37,863 |
| Non-current provisions for employee benefits | 2,283,077 | 2,053,675 |
| Provision for the decommissioning cost | 324,048 | 355,355 |
| Long-term provisions | 711,866 | - |
| Other non-current liabilities | 173,254 | 169,584 |
| Total non-current liabilities | 44,518,563 | 42,327,454 |
| Total liabilities | 73,533,016 | 67,831,064 |
| 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 |
| Capital surplus on share reduction | 189,618 | 189,618 |
| Other surpluses | 1,382,597 | 1,370,361 |
| Surplus from business combination | 1,170,411 | 1,170,411 |
| Warrants | 2,258 | 8,400 |
|
||
|
153,164 | 153,164 |
|
27,150,955 | 27,453,937 |
| Other components of equity | (827,216) | (165,309) |
| Equity attributable to owners of the parent | 41,756,170 | 42,714,965 |
| Non-controlling interests | 7,031,942 | 6,822,589 |
| Total equity | 48,788,112 | 49,537,554 |
| Total liabilities and equity | 122,321,128 | 117,368,618 |
STATEMENTS OF INCOME
| For Three-month period ended 30 September | Consolidated (Baht) | |
|---|---|---|
| 2019 | 2018 (Restated) |
|
| Revenues | ||
| Revenue from sale of goods and rendering of services | 46,481,156 | 53,461,226 |
| Cost of sale of goods and rendering of services | (44,034,242) | (49,640,219) |
| Gross Profit | 2,446,914 | 3,821,007 |
| Interest income and dividend income | 30,950 | 10,750 |
| Other income | 97,211 | 890,578 |
| Selling expenses | (1,062,165) | (1,077,339) |
| Administrative expenses | (667,489) | (704,382) |
| Exploration and evaluation expense | (123) | (8,468) |
| Gain (loss) from crude and product oil price hedging contract | 5,944 | (95,047) |
| Loss from foreign currency forward contracts | (4,129) | (28,109) |
| Gain on foreign exchange | 115,346 | 229,936 |
| Loss from impairment of assets | - | (13,794) |
| Share of profit of investments in associates and joint ventures | 38,462 | 117,922 |
| Profit before finance costs and income tax expense | 1,000,921 | 3,143,054 |
| Finance costs | (411,632) | (401,390) |
| Profit before income tax expense | 589,289 | 2,741,664 |
| Tax expense | (38,000) | (526,018) |
| Profit for the period | 551,289 | 2,215,646 |
| Profit attributable to: | ||
|
369,801 | 1,856,348 |
|
181,488 | 359,298 |
| Profit for the period | 551,289 | 2,215,646 |
| Basic earnings per share | 0.27 | 1.35 |