CONSOLIDATED FINANCIAL STATEMENTS
(Unit: THB mn, except share / per share data and ratios)
|
2020
|
2019
|
2018
(Restated) |
|
|---|---|---|---|
| Statement of Comprehensive Income | |||
| Revenue from sales of real estate |
2,961.11
|
3,055.57
|
2,933.32
|
| Revenue from F&B |
8.53
|
45.06
|
29.35
|
| Revenue from rental and service |
30.96
|
48.85
|
63.82
|
| Other revenues |
170.90
|
470.94
|
300.38
|
| Total revenues |
3,171.50
|
3,620.42
|
3,326.86
|
| Cost of sales of real estate sold |
2,533.94
|
2,220.04
|
2,193.18
|
| Selling and administrative expenses |
840.15
|
960.29
|
871.78
|
| Total expenses |
3,627.00
|
3,194.02
|
3,084.08
|
| Profit (Loss) before finance costs and income tax expenses |
(455.50)
|
426.40
|
242.78
|
| Share of Loss from investment in JV |
31.26
|
46.71
|
29.22
|
| Finance costs |
192.37
|
199.69
|
149.04
|
| income tax expenses |
45.27
|
120.14
|
61.48
|
| Net profit (Loss) |
(724.40)
|
59.86
|
3.04
|
| Profit (Loss) attributable to equity holders of the parent |
(718.30)
|
79.31
|
17.67
|
| Statement of Financial Position | |||
| Cash, cash equivalents and short-term investment |
210.16
|
696.23
|
1,120.85
|
| Total current assets |
3,602.69
|
6,382.53
|
7,988.25
|
| Other non-current assets |
5,768.82
|
6,518.04
|
6,388.13
|
| Total assets |
9,371.51
|
12,900.58
|
14,376.38
|
| Total current liabilities |
1,458.92
|
5,858.58
|
6,369.52
|
| Total non-current liabilities |
2,888.76
|
1,312.23
|
2,238.35
|
| Total interest-bearing-debt |
3,177.07
|
5,947.70
|
6,417.54
|
| Total liabilities |
4,347.68
|
7,170.81
|
8,607.87
|
| Issued and fully paid-up share capital |
4,172.48
|
4,172.48
|
4,172.48
|
| Total equity |
5,023.83
|
5,729.77
|
5,768.52
|
| Liquidity Ratios (times) | |||
| Current ratio |
2.47
|
1.09
|
1.25
|
| Quick ratio |
0.14
|
0.12
|
0.18
|
| Profitability Ratios (%) | |||
| Gross profit margin from real estate |
14.43%
|
27.34%
|
25.23%
|
| Net profit margin |
-22.84%
|
1.65%
|
0.09%
|
| Return on equity (1) |
-13.36%
|
1.38%
|
0.31%
|
| Return on assets (2) |
-6.45%
|
0.58%
|
0.14%
|
| Efficiency Ratios (times) | |||
| Total assets turnover |
0.28
|
0.27
|
0.27
|
| Leverage Ratios (times) | |||
| Debt to equity ratio |
0.87
|
1.25
|
1.49
|
| Interest-bearing debt to equity ratio |
0.63
|
1.04
|
1.14
|
| Net interest-bearing debt to equity ratio (3) |
0.59
|
0.92
|
0.97
|
| Interest coverage ratio (4) |
(2.37)
|
2.11
|
1.63
|
| Growth (% per year) | |||
| Total asset growth |
-27.36%
|
-10.24%
|
37.47%
|
| Total liabilities growth |
-39.37%
|
-16.65%
|
59.66%
|
| Total shareholder’s equity growth |
-12.32%
|
-0.67%
|
13.85%
|
| Total revenues growth |
-12.40%
|
8.94%
|
10.31%
|
| SG&A expenses growth |
-12.51%
|
10.15%
|
15.56%
|
| Per Share Ratios (THB per share) | |||
| Weighted average number of ordinary shares (million shares) |
4,172.48
|
4,172.48
|
3,608.20
|
| Earning per share (5) |
(0.172)
|
0.019
|
0.005
|
| Book value per share (6) |
1.20
|
1.37
|
1.60
|
| Cash Flow | |||
| Beginning cash |
695.12
|
896.04
|
647.68
|
| Net cash flows from operating activities |
1,922.50
|
563.73
|
(848.30)
|
| Net cash flows from investing activities |
419.78
|
163.36
|
(1,358.86)
|
| Net cash flows from financing activities |
(2,828.00)
|
(928.01)
|
2,455.52
|
| Ending cash |
210.16
|
695.12
|
896.04
|
(1) Return on equity = Profit (loss) attributable to equity holders of the Company / the average of total shareholders' equity of this year and the previous year
(2) Return on assets = Profit (loss) attributable to equity holders of the Company / the average of total assets of this year and the previous year
(3) Net interest-bearing-debt to equity ratio = Total interest-bearing-debt less cash and cash equivalent / total shareholders' equity
(4) Interest coverage ratio = Profit (loss) before finance cost and income tax / finance cost, finance cost means interest and other charges associated with financing e.g. front end fee, etc.
(5) Profit (loss) per share = Profit (loss) attributable to equity holders of the Company / total issued shares of the company
(6) Book value include non-controlling interests of the subsidiaries