Consolidated financial statements |
|
30 September 2017 |
31 December 2016 |
Assets |
|
|
Current assets |
|
|
Cash and cash equivalents |
1,530,379 |
1,757,650 |
Current investments - deposits at bank |
129 |
346,484 |
Trade and other receivables |
470,182 |
365,120 |
Short-term loan to subsidiary |
- |
- |
Real estate development costs |
7,986,961 |
7,642,074 |
Other current assets |
103,288 |
106,841 |
Total assets |
10,090,939 |
10,218,169 |
Non-current assets |
|
|
Investments in subsidiaries |
- |
- |
Investments in associates |
3,153,887 |
2,572,807 |
Long-term loans to subsidiary |
- |
- |
Investment properties |
4,214,962 |
4,104,099 |
Property, plant and equipment |
982,406 |
1,022,402 |
Deposits for purchase of land |
146,170 |
107,145 |
Prepayment for land-use rights |
2,203,817 |
3,219,309 |
Land awaiting for future development |
6,909,358 |
5,169,020 |
Deferred tax assets |
1,084 |
9,720 |
Other non-current assets |
216,850 |
173,031 |
Total non-current assets |
17,828,534 |
16,377,533 |
Total assets |
27,919,473 |
26,595,702 |
|
Liabilities and shareholders' equity |
|
|
Current liabilities |
|
|
Bank overdrafts and short-term loans from banks |
994,213 |
1,880,807 |
Trade and other payables |
480,896 |
446,165 |
Short-term loans from related parties |
150,000 |
100,000 |
Current portion of long-term loans |
1,547,275 |
2,124,183 |
Deposits and advances received from customers |
749,941 |
820,275 |
Income tax payable |
72,803 |
121,917 |
Land rental payable |
144,915 |
334,634 |
Other current liabilities |
54,148 |
34,642 |
Total current liabilities |
4,194,191 |
5,862,623 |
Non-current liabilities |
|
|
Long-term loans, net of current portion |
5,182,301 |
2,645,348 |
Long-term deposits and advances received from customers |
206,261 |
195,663 |
Land rental received in advance |
3,068,386 |
3,152,927 |
Deferred tax liabilities |
341,650 |
315,603 |
Other non-current liabilities |
216,444 |
183,382 |
Total non-current liabilities |
9,015,042 |
6,492,923 |
Total liabilities |
13,209,233 |
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 |
10,500,195 |
9,940,279 |
Other components of shareholders' equity |
523,298 |
660,055 |
Equity attributable to owners of the Company |
12,370,793 |
11,947,634 |
Non-controlling interests of the subsidiaries |
2,339,447 |
2,292,522 |
Total shareholders' equity |
14,710,240 |
14,240,156 |
Total liabilities and shareholders' equity |
27,919,473 |
26,595,702 |
Consolidated financial statements |
|
2017 |
2016 |
Revenues |
|
|
Revenue from real estate sales |
896,602 |
139,251 |
Revenue from utility services |
458,993 |
434,735 |
Revenue from rental |
157,969 |
133,532 |
Dividend income |
- |
- |
Interest income |
2,830 |
5,663 |
Other income |
31,182 |
46,240 |
Total revenues |
1,547,576 |
759,421 |
Expenses |
|
|
Cost of real estate sales |
260,503 |
57,754 |
Cost of utility services |
296,924 |
302,847 |
Cost of rental |
51,884 |
52,422 |
Selling expenses |
48,249 |
17,635 |
Administrative expenses |
166,537 |
145,245 |
Losses on exchange |
36,989 |
4,921 |
Total expenses |
861,086 |
580,824 |
Profit before share of profit from investments in associates, finance cost and income tax |
686,490 |
178,597 |
Share of profit from investments in associates |
180,946 |
150,169 |
Profit before finance cost and income tax |
867,436 |
328,766 |
Finance cost |
(55,454) |
(59,819) |
Profit before income tax |
811,982 |
268,947 |
Income tax |
(124,782) |
(24,176) |
Profit for the period |
687,200 |
244,771 |
|
Profit attributable to: |
|
|
Equity holders of the Company |
586,730 |
183,043 |
Non-controlling interests of the subsidiaries |
100,470 |
61,728 |
|
687,200 |
244,771 |
|
Basic earnings per share |
|
|
Profit attributable to equity holders of the Company |
0.55 |
0.17 |
I have reviewed the accompanying consolidated statement of financial position of Amata Corporation Public Company Limited and its subsidiaries as at 30 September 2017, the related consolidated statements of income and comprehensive income for the three-month and nine-month periods ended 30 September 2017 and the related consolidated statements of changes in shareholders’ equity and cash flows for the nine-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.
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.
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.
I draw attention to Note 19 of the interim consolidated financial statements regarding contingent liabilities from additional charges for land rental payables of an overseas subsidiary. My conclusion is not qualified in respect of this matter.
Certified Public Accountant (Thailand) No. 4498