Financial Highlights | Raimon Land

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