Financial Information
Consolidated Financial Statements
(Unit: THB mn, except share / per share data and ratios)
| 2018 | 2017 | 2016 | ||
|---|---|---|---|---|
| Statement of Comprehensive Income | ||||
| Revenue from sales of real estate | 2,933.32 | 2,866.26 | 5,073.58 | |
| Revenue from F&B | 29.35 | - | - | |
| Total revenues | 3,326.86 | 3,015.90 | 5,206.43 | |
| Cost of sales of real estate sold | 2,193.18 | 1,934.26 | 3,181.42 | |
| Cost of sales of F&B | 19.12 | - | - | |
| Selling and administrative expenses | 883.12 | 754.40 | 855.63 | |
| Total expenses | 3,095.42 | 2,688.66 | 4,037.05 | |
| Gross profit from real estate business | 740.14 | 932.00 | 1,892.17 | |
| Profit (Loss) before finance costs and income tax expenses | 231.44 | 327.24 | 1,169.38 | |
| Share of profit (Loss) from investment in JV | (29.22) | - | - | |
| Finance costs and income tax expenses | 208.25 | 136.05 | 318.78 | |
| Net profit (Loss) | (6.03) | 191.19 | 850.60 | |
| Profit (Loss) attributable to equity holders of the parent | 8.60 | 192.92 | 850.63 | |
| Statement of Financial Position | ||||
| Cash, cash equivalents and short-term investment | 1,120.85 | 648.77 | 1,134.81 | |
| Total current assets | 7,956.51 | 7,912.75 | 7,572.91 | |
| Other non-current assets | 6,373.23 | 2,545.22 | 2,127.22 | |
| Total assets | 14,329.74 | 10,457.97 | 9,700.13 | |
| Total current liabilities | 6,369.52 | 3,608.44 | 2,513.47 | |
| Total non-current liabilities | 2,238.35 | 1,782.81 | 2,078.77 | |
| Total borrowings from financial institutions, debentures and debt certificates | 6,561.35 | 4,059.73 | 2,937.57 | |
| Total liabilities | 8,607.87 | 5,391.25 | 4,592.24 | |
| Issued and fully paid-up share capital | 4,172.48 | 3,575.48 | 3,575.48 | |
| Total equity | 5,721.87 | 5,066.72 | 5,107.89 | |
| Liquidity Ratios (times) | ||||
| Current ratio | 1.25 | 2.19 | 3.01 | |
| Quick ratio | 0.18 | 0.19 | 0.52 | |
| Profitability Ratios (%) | ||||
| Gross profit margin from real estate | 25.23% | 32.52% | 37.29% | |
| Net profit margin | 0.26% | 6.35% | 16.34% | |
| Return on equity (1) | 0.16% | 3.76% | 17.80% | |
| Return on assets | -0.05% | 1.90% | 8.66% | |
| Efficiency Ratios (times) | ||||
| Total assets turnover | 0.27 | 0.30 | 0.52 | |
| Leverage Ratios (times) | ||||
| Debt to equity ratio | 1.50 | 1.06 | 0.90 | |
| Interest-bearing debt to equity ratio | 1.15 | 0.80 | 0.58 | |
| Net interest-bearing debt to equity ratio (2) | 0.95 | 0.67 | 0.35 | |
| Interest coverage ratio (3) | 3.91 | 4.25 | 12.42 | |
| Growth (% per year) | ||||
| Total asset growth | 37.0% | 7.8% | -2% | |
| Total liabilities growth | 59.7% | 17.4% | -16.4% | |
| Total shareholder’s equity growth | 12.9% | -0.8% | 14.8% | |
| Total revenues growth | 10.3% | -42.1% | 1.2% | |
| SG&A expenses growth | 17.1% | -11.8% | 3.1% | |
| Per Share Ratios (THB per share) | ||||
| Earning per share | 0.002 | 0.05 | 0.24 | |
| Book value per share (4) | 1.37 | 1.42 | 1.43 | |
| Cash Flow | ||||
| Beginning cash | 647.68 | 1,133.73 | 505.20 | |
| Net cash flows from operating activities | -849.78 | -904.69 | 1,592.63 | |
| Net cash flows from investing activities | -1,358.86 | -458.26 | -814.06 | |
| Net cash flows from financing activities | 2,455.52 | 877.08 | -148.99 | |
| Ending cash | 896.04 | 647.68 | 1,133.73 | |
(1) Return on equity = Profit (loss) - Equity holders of the Company / the average of total shareholders' equity of this year and last year
(2)Net debt to equity = Total debt less cash and cash equivalent / total shareholders' equity
(3) 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.
(4) Book value include non-controlling interests of the subsidiaries