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Statements of financial position As at 31 March 2017


(Unit: Thousand Baht)
Consolidated financial statements
31 March 2017 31 December 2016
Assets
Current assets
Cash and cash equivalents  852,242   1,757,650 
Current investments - deposits at bank  324,608   346,484 
Trade and other receivables  378,982   365,120 
Real estate development costs  8,373,462   7,642,074 
Other current assets  93,420   106,841 
Total current assets  10,022,714   10,218,169 
Non-current assets    
Investments in subsidiaries  -   - 
Investments in associates   2,805,617   2,572,807 
Long-term loans to subsidiary  -   - 
Investment properties  4,162,824   4,104,099 
Property, plant and equipment   963,859   1,022,402 
Deposits for purchase of land  96,436   107,145 
Prepayment for land-use rights  2,471,132   3,219,309 
Land awaiting for future development  5,269,682   5,169,020 
Deferred tax assets  5,108   9,720 
Other non-current assets  210,399   173,031 
Total non-current assets 15,985,057 16,377,533
Total assets 26,007,771 26,595,702
Liabilities and shareholders' equity
Current liabilities
Bank overdrafts and short-term loans from banks  887,462   1,880,807 
Trade and other payables  392,168   446,165 
Short-term loans from related parties  150,000   100,000 
Current portion of long-term loans  1,716,845   2,124,183 
Deposits and advances received from customers  751,003   820,275 
Income tax payable  138,688   121,917 
Land rental payable  313,693   334,634 
Other current liabilities  49,393   34,642 
Total current liabilities 4,399,252 5,862,623
Non-current liabilities
Long-term loans, net of current portion  3,524,000   2,645,348 
Long-term deposits and advances received from customers  173,469   195,663 
Land rental received in advance  3,120,922   3,152,927 
Deferred tax liabilities  298,450   315,603 
Other non-current liabilities  200,687   183,382 
Total non-current liabilities 7,317,528 6,492,923
Total liabilities 11,716,780 12,355,546
Shareholders' equity
Share capital
Registered
1,067,000,000 ordinary shares of Baht 1 each 1,067,000 1,067,000
Issued and fully paid
1,067,000,000 ordinary shares of Baht 1 each 1,067,000 1,067,000
Premium on ordinary shares 173,600 173,600
Retained earnings
Appropriated - statutory reserve 106,700 106,700
Unappropriated 10,190,908 9,940,279
Other components of shareholders' equity 523,230 660,055
Equity attributable to owners of the Company 12,061,438 11,947,634
Non-controlling interests of the subsidiaries 2,229,553 2,292,522
Total shareholders' equity 14,290,991 14,240,156
Total liabilities and shareholders' equity 26,007,771 26,595,702


Income statement
For the three-month period ended 31 March 2017

(Unit: Thousand Baht, except basic earnings per share expressed in Baht)
Consolidated financial statements
2017 2016
Revenues
Revenue from real estate sales  193,387   252,542 
Revenue from utility services  432,820   411,427 
Revenue from rental  148,917   123,241 
Dividend income  -   - 
Interest income  3,727   10,256 
Other income  14,765   9,070 
Total revenues 793,616 806,536
Expenses
Cost of real estate sales  54,544   86,398 
Cost of utility services  290,005   279,424 
Cost of rental  49,355   44,727 
Selling expenses  43,066   41,257 
Administrative expenses  154,344   145,993 
Losses on exchange   40,292   2,502 
Total expenses 631,606 600,301
Profit (loss) before share of profit from investments in associates, finance cost and income tax  162,010   206,235 
Share of profit from investments in associates  193,808   24,164 
Profit (loss) before finance cost and income tax  355,818   230,399 
Finance cost  (55,271)  (73,146)
Profit (loss) before income tax  300,547   157,253 
Income tax  (37,268)  (37,610)
Profit (loss) for the period  263,279   119,643 
Profit (loss) attributable to:
Equity holders of the Company  250,629   80,271 
Non-controlling interests of the subsidiaries  12,650   39,372 
 263,279   119,643 
Basic earnings per share
Profit (loss) attributable to equity holders of the Company 0.235 0.075


Independent Auditor’s Report on Review of Interim Financial Information

To the Shareholders of Amata Corporation Public Company Limited

I have reviewed the accompanying consolidated statement of financial position of Amata Corporation Public Company Limited and its subsidiaries as at 31 March 2017, and the related consolidated statements of income, comprehensive income, changes in shareholders’ equity and cash flows for the three-month period then ended, as well as the condensed notes to the consolidated financial statements. I have also reviewed the separate financial information of Amata Corporation Public Company Limited for the same period. Management is responsible for the preparation and presentation of this interim financial information in accordance with Thai Accounting Standard 34, Interim Financial Reporting. My responsibility is to express a conclusion on this interim financial information based on my review.

Scope of Review
I conducted my review in accordance with Thai Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Thai Standards on Auditing and consequently does not enable me to obtain assurance that I would become aware of all significant matters that might be identified in an audit. Accordingly, I do not express an audit opinion.

Conclusion
Based on my review, nothing has come to my attention that causes me to believe that the accompanying interim financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard 34, Interim Financial Reporting.

Emphasis of matter
I draw attention to Note 16 of the interim consolidated financial statements regarding contingent liabilities from additional charges for land rental payables of a subsidiary in overseas. My conclusion is not qualified in respect of this matter.

Supannee Triyanantakul
Certified Public Accountant (Thailand) No. 4498

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