Archive

Statements of financial position As at 30 September 2017


(Unit: Thousand Baht)
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


Income statement
For the three-month period ended 30 September 2017

(Unit: Thousand Baht, except basic earnings per share expressed in Baht)
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


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 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.

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 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.

Supannee Triyanantakul
Certified Public Accountant (Thailand) No. 4498

Full Report