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Statements of financial position As at 30 June 2017


(Unit: Thousand Baht)
Consolidated financial statements
30 June 2017 31 December 2016
Assets
Current assets
Cash and cash equivalents 868,412 1,757,650
Current investments - deposits at bank 14,117 346,484
Trade and other receivables 451,507 365,120
Short-term loan to subsidiary - -
Real estate development costs 9,401,705 7,642,074
Other current assets 92,267 106,841
Total assets 10,828,008 10,218,169
Non-current assets    
Investments in subsidiaries - -
Investments in associates  2,881,617 2,572,807
Long-term loans to subsidiary - -
Investment properties 4,199,392 4,104,099
Property, plant and equipment  958,891 1,022,402
Deposits for purchase of land 161,905 107,145
Prepayment for land-use rights 2,470,711 3,219,309
Land awaiting for future development 4,957,938 5,169,020
Deferred tax assets 1,122 9,720
Other non-current assets 216,087 173,031
Total non-current assets 15,847,663 16,377,533
Total assets 26,675,671 26,595,702
Liabilities and shareholders' equity
Current liabilities
Bank overdrafts and short-term loans from banks 776,215 1,880,807
Trade and other payables 412,675 446,165
Short-term loans from related parties 150,000 100,000
Current portion of long-term loans 1,694,050 2,124,183
Deposits and advances received from customers 717,709 820,275
Income tax payable 59,490 121,917
Land rental payable 331,338 334,634
Other current liabilities 47,455 34,642
Total current liabilities 4,188,932 5,862,623
Non-current liabilities
Long-term loans, net of current portion  4,455,453 2,645,348
Long-term deposits and advances received from customers 177,354 195,663
Land rental received in advance 3,093,729 3,152,927
Deferred tax liabilities 299,742 315,603
Other non-current liabilities 218,837 183,382
Total non-current liabilities 8,245,115 6,492,923
Total liabilities 12,434,047 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 10,126,860 9,940,279
Other components of shareholders' equity 523,415 660,055
Equity attributable to owners of the Company 11,997,575 11,947,634
Non-controlling interests of the subsidiaries 2,244,049 2,292,522
Total shareholders' equity 14,241,624 14,240,156
Total liabilities and shareholders' equity 26,675,671 26,595,702


Income statement
For the six-month period ended 30 June 2017

(Unit: Thousand Baht, except basic earnings per share expressed in Baht)
Consolidated financial statements
2017 2016
Revenues
Revenue from real estate sales 623,385 501,313
Revenue from utility services 872,524 851,241
Revenue from rental 300,154 255,682
Revenue from rights of way - 57,517
Dividend income - -
Interest income 9,327 18,711
Gains on sales of investment properties 42,224 -
Other income 34,768 24,474
Total revenues 1,882,382 1,708,938
Expenses
Cost of real estate sales 238,327 171,567
Cost of utility services 609,204 575,277
Cost of rental 99,722 101,532
Selling expenses 85,735 75,300
Administrative expenses 338,088 355,525
Losses on exchange 62,035 3,994
Total expenses 1,433,111 1,283,195
Profit before share of profit from investments in associates, finance cost and income tax 449,271 425,743
Share of profit from investments in associates 331,570 155,177
Profit before finance cost and income tax 780,841 580,920
Finance cost (108,090) (139,550)
Profit before income tax  672,751 441,370
Income tax (76,305) (93,418)
Profit for the period 596,446 347,952
Profit attributable to:
Equity holders of the Company 506,673 272,082
Non-controlling interests of the subsidiaries 89,773 75,870
596,446 347,952
Basic earnings per share
Profit attributable to equity holders of the Company 0.47 0.25


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 June 2017, the related consolidated statements of income and comprehensive income for the three-month and six-month periods ended 30 June 2017 and the related consolidated statements of changes in shareholders’ equity and cash flows for the six-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 18 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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