CONSOLIDATED FINANCIAL STATEMENTS
(Unit: THB mn, except share / per share data and ratios)
|
2022
|
2021
|
2020
|
|
|---|---|---|---|
| Statement of Comprehensive Income | |||
| Revenue from sales of real estate |
67.60
|
2,188.68
|
2,961.11
|
| Revenue from F&B |
-
|
-
|
8.53
|
| Revenue from rental and service |
36.99
|
26.72
|
30.96
|
| Other revenues |
240.28
|
299.19
|
170.90
|
| Unrealized gain on exchange rate |
7.18
|
-
|
-
|
| Total revenues |
352.05
|
2,514.59
|
3,171.50
|
| Cost of sales of real estate sold |
59.10
|
1,837.09
|
2,533.94
|
| Selling and administrative expenses |
406.51
|
660.48
|
840.15
|
| Loss on write-off of project development cost |
-
|
208.10
|
-
|
| Loss on fair value measurement of financial assets |
3.54
|
-
|
-
|
| Expenses related to litigation |
88.10
|
-
|
-
|
| Total expenses |
557.25
|
2,705.67
|
3,627.00
|
| Profit (Loss) before finance costs and income tax expenses |
(205.20)
|
(191.08)
|
(455.50)
|
| Share of Loss from investment in JV |
136.92
|
(28.54)
|
(31.26)
|
| Finance costs |
(233.36)
|
(160.05)
|
(192.37)
|
| Income tax expenses |
(13.45)
|
(73.05)
|
(45.27)
|
| Net profit (Loss) |
(315.09)
|
(452.72)
|
(724.40)
|
| Profit (Loss) attributable to equity holders of the parent |
(312.02)
|
(452.73)
|
(718.30)
|
| Statement of Financial Position | |||
| Cash, cash equivalents and short-term investment |
105.32
|
1,250.35
|
210.16
|
| Total current assets |
1,509.16
|
3,405.71
|
3,602.69
|
| Other non-current assets |
6,746.19
|
6,045.36
|
5,768.82
|
| Total assets |
8,255.35
|
9,451.07
|
9,371.51
|
| Total current liabilities |
2,700.23
|
3,033.63
|
1,458.92
|
| Total non-current liabilities |
1,256.24
|
1,840.89
|
2,888.76
|
| Total interest-bearing-debt |
3,533.19 *
|
3,689.20
|
3,177.07
|
| Total liabilities |
3,956.47
|
4,874.52
|
4,347.68
|
| Issued and fully paid-up share capital |
4,172.48
|
4,172.48
|
4,172.48
|
| Total equity * derived from Interest-bearing debt to equity ratio (0.81) |
4,298.89
|
4,576.54
|
5,023.83
|
| Liquidity Ratios (times) | |||
| Current ratio |
0.56
|
1.12
|
2.47
|
| Quick ratio |
0.04
|
0.41
|
0.14
|
| Profitability Ratios (%) | |||
| Gross profit margin from real estate |
13%
|
16%
|
14%
|
| Net profit margin |
-90%
|
-18%
|
-23%
|
| Return on equity |
-7%
|
-9%
|
-13%
|
| Return on assets (2) |
-4%
|
-5%
|
-6%
|
| Efficiency Ratios (times) | |||
| Total assets turnover |
0.04
|
0.27
|
0.28
|
| Leverage Ratios (times) | |||
| Debt to equity ratio |
0.92
|
1.07
|
0.87
|
| Interest-bearing debt to equity ratio |
0.82
|
0.81
|
0.63
|
| Net interest-bearing debt to equity ratio (3) |
0.80
|
0.54
|
0.59
|
| Interest coverage ratio (4) |
(0.88)
|
(1.19)
|
(2.37)
|
| Growth (% per year) | |||
| Total asset growth |
-13%
|
1%
|
-27%
|
| Total liabilities growth |
-19%
|
12%
|
-39%
|
| Total shareholder’s equity growth |
-6%
|
-9%
|
-12%
|
| Total revenues growth |
-86%
|
-21%
|
-12%
|
| SG&A expenses growth |
62%
|
-21%
|
-13%
|
| Per Share Ratios (THB per share) | |||
| Weighted average number of ordinary shares (million shares) |
4,172.48
|
4,172.48
|
4,172.48
|
| Earning per share (5) |
(0.07)
|
(0.11)
|
(0.17)
|
| Book value per share (6) |
1.03
|
1.10
|
1.20
|
| Cash Flow | |||
| Beginning cash |
1,250.35
|
210.16
|
695.12
|
| Net cash flows from operating activities |
(203.74)
|
865.32
|
1,922.50
|
| Net cash flows from investing activities |
(740.43)
|
(318.57)
|
419.78
|
| Net cash flows from financing activities |
(200.86)
|
493.45
|
(2,828.00)
|
| Ending cash |
105.32
|
1,250.35
|
210.16
|
(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