Financials
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Download Financial Statement Yearly 2009
Balance Sheet
| Balance Sheet AS AT DECEMBER 31, 2009 AND 2008 |
2009 | 2008 |
| Assets (Unit : Baht) | ||
| Current Assets | ||
| Cash And Cash Equivalents | 24,305,638 | 23,967,626 |
| Trade accounts receivable | ||
| Unrelated parties - net | 13,776,960 | 13,749,761 |
| Related parties | - | - |
| Unbilled income | 626,322,848 | 159,865,211 |
| Inventories - room rental busniess | - | 1,274,837 |
| Properties for sale - net | 935,902,175 | 1,056,212,290 |
| Advances to contractors | 4,277,830 | 14,881,543 |
| Other Current Assets | ||
| Prepaid Expenses | 9,842,032 | 25,560,219 |
| Accounts receivable - sale of investment | 6,341,690 | - |
| Others | 2,276,499 | 6,464,041 |
| Total Current Assets | 1,623,045,672 | 1,301,975,528 |
| Non-Current Assets | ||
| Deposits At Financial Institutions With Restrictions | 1,463,613 | 4,661,702 |
| Loans to related party and interest receivable - subsidiary | - | - |
| Investments in subsidiary companies - net | - | - |
| Properties awaiting development or sale - net | 75,958,005 | 98,233,676 |
| Leasehold Rights- Net | 155,756,105 | 164,903,086 |
| Land, Building And Equipment Held For Lease - Net | 1,089,154,698 | 1,190,146,590 |
| Equipment - Net | 11,768,548 | 9,877,828 |
| Goodwill | 21,988,068 | - |
| Advances for purchases of land | - | 12,240,297 |
| Other Non-Current Assets | ||
| Income tax refundable | 14,200,224 | 13,682,028 |
| Rental deposits - others | 7,017,757 | 7,019,077 |
| Others | 2,071,490 | 4,246,259 |
| Total Non-Current Assets | 1,379,378,508 | 1,505,010,543 |
| Total Assets | 3,002,424,180 | 2,806,986,071 |
| Liabilities And Shareholders' Equity | ||
| Current Liabilities | ||
| Bank Overdrafts And Short-Term Loans From Financial Institutions | 11,860,823 | 48,657,398 |
| Trade Accounts Payable | 10,231,025 | 26,721,340 |
| Accounts payable - related party | - | - |
| Accounts Payable - Construction | 66,959,586 | 114,571,651 |
| Current Portion Of Financial Lease Payable | 1,064,721 | 813,893 |
| Current Portion Of Long-Term Loans From Financial Institutions | 672,145,840 | 351,606,938 |
| Current portion of debt restructuring payable | 38,620,494 | 34,007,622 |
| Current portion of long-term loans from | ||
| related parties | 10,923,998 | 9,895,818 |
| Current portion of long-term loans | ||
| from other persons | 30,000,000 | - |
| Deposit from sale of project | - | - |
| Deposit from sale of investments | - | 26,000,000 |
| Deposit from sale of land | 2,000,000 | - |
| Other current liabilities | ||
| Unrecognised income | 23,178,235 | 114,362,322 |
| Retention for constructors | 17,826,255 | 7,404,744 |
| Accrued expenses | 70,730,952 | 36,691,583 |
| Accrued income tax | 3,653,887 | 6,345,710 |
| Accrued withholding tax | 2,677,678 | 2,340,047 |
| Others | 13,593,071 | 16,074,989 |
| Total Current Liabilities | 975,466,565 | 795,494,055 |
| Non-Current Liabilities | ||
| Financial lease payable - net | 2,520,957 | 725,373 |
| Long-term loans from financial institutions - net | 429,873,350 | 372,682,274 |
| Debt restructuring payable - net | 193,081,568 | 234,712,350 |
| Long-term loans from related parties | 323,427,664 | 313,701,711 |
| Long-term loans from other persons | - | 30,000,000 |
| Other non-current liabilities | ||
| Rental deposit received from related party - subsidiary | - | - |
| Rental deposit received from others | 69,526,604 | 64,112,090 |
| Total Non-Current Liabilities | 1,018,430,143 | 1,015,933,798 |
| Total Liabilities | 1,993,896,708 | 1,811,427,853 |
| Shareholders' Equity | ||
| Share Capital | ||
| Registered 760,000,000 ordinary shares of Baht 1 each | 760,000,000 | 760,000,000 |
| Issued and fully paid | ||
| 637,598,035 ordinary shares of Baht 1 each | 637,598,035 | 637,598,035 |
| Premium on ordinary shares | 147,196,958 | 147,196,958 |
| Retained earnings | ||
| Appropriated - statutory reserve | 12,228,741 | 9,533,886 |
| Unappropriated | 118,827,530 | 84,941,848 |
| Equity attributable to the company's shareholders | 915,851,264 | 879,270,727 |
| Minority Interest - Equity Attributable To Minority Shareholder Of Subsidiary | 92,676,208 | 116,287,491 |
| Total Shareholders' Equity | 1,008,527,472 | 995,558,218 |
| Total Liabilities And Shareholders' Equity | 3,002,424,180 | 2,806,986,071 |
| - | ||
STATEMENTS OF INCOME
| STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008 |
2009 | 2008 |
| REVENUES FROM SALES AND SERVICES | ||
| Sale income - condominium | 646,326,958 | 255,236,899 |
| Revenues from rental and services | 243,510,817 | 168,898,427 |
| TOTAL REVENUES FROM SALES AND SERVICES | 889,837,775 | 424,135,326 |
| COST OF SALES AND SERVICES | ||
| Cost of sale - condominium | (461,600,003) | (147,357,937) |
| Cost of rental and service | (147,327,785) | (104,867,561) |
| TOTAL COST OF SALES AND SERVICES | (608,927,788) | (252,225,498) |
| GROSS PROFIT | 280,909,987 | 171,909,828 |
| OTHER INCOME | ||
| Goodwill income | - | 69,819,917 |
| Gain on sale of investment | 36,497,659 | - |
| Interest income | 1,338,316 | 905,794 |
| Others | 15,230,658 | 10,222,811 |
| TOTAL OTHER INCOME | 53,066,633 | 80,948,522 |
| Selling expenses | (34,739,327) | (14,324,261) |
| Administrative expenses | (124,029,692) | (96,149,197) |
| Management benefit expenses | (33,274,752) | (23,799,564) |
| Loss on devaluation of asset available for sale | (4,842,206) | - |
| Loss on diminution in value of investments | - | - |
| Loss on sale of investments in securities held for trading | - | (396,904) |
| TOTAL EXPESNES | (196,885,977) | (134,669,926) |
| Profit (Loss) beforefinancial cost and income tax | 137,090,643 | 118,188,424 |
| Financial cost | (80,671,526) | (54,168,080) |
| Profit (Loss) before income tax | 56,419,117 | 64,020,344 |
| Income tax | (19,325,001) | (7,581,745) |
| NET PROFIT (LOSS) FROM CONTINUED OPERATION | 37,094,116 | 56,438,599 |
| DISCONTINUED OPERATION | ||
| REVENUES FROM SALES AND SERVICES | ||
| Revenues from rental and services | 1,100,394 | 2,203,382 |
| Revenues from room rental business | 35,480,607 | 89,420,062 |
| TOTAL REVENUES FROM SALES AND SERVICES | 36,581,001 | 91,623,444 |
| COST OF SALES AND SERVICES | ||
| Cost of rental and services | (8,580,000) | (16,770,000) |
| Cost of services - room rental business | (29,065,064) | (62,854,507) |
| TOTAL COST OF SALES AND SERVICES | (37,645,064) | (79,624,507) |
| GROSS PROFIT | (1,064,063) | 11,998,937 |
| OTHER INCOME | ||
| Interest income | 71,784 | 35,919 |
| Others | 210,902 | 341,566 |
| TOTAL OTHER INCOME | 282,686 | 377,485 |
| Selling expenses | (140,500) | (5,249,880) |
| Administrative expenses | (10,339,472) | (24,806,637) |
| TOTAL EXPESNES | (10,479,972) | (30,056,517) |
| Profit (Loss) beforefinancial cost and income tax | (11,261,349) | (17,680,095) |
| Financial cost | (11,102) | (22,206) |
| Net profit (loss) from discontinued operation | (11,272,451) | (17,702,301) |
| NET PROFIT (LOSS) | 25,821,665 | 38,736,298 |
| PROFIT (LOSS) ATTRIBUTABLE TO : | ||
| Equity holders of the parent | 49,332,481 | 55,243,301 |
| Minority interests of the subsidiaries | (23,510,816) | (16,507,003) |
| 25,821,665 | 38,736,298 | |
| EARNINGS PER SHARE | ||
| Basic earnings (loss) per share | ||
| Net profit (loss) - equity holders of the parent | 0.0774 | 0.0866 |
| Weighted average number of ordinary shares (shares) | 637,598,035 | 637,598,035 |
| Diluted earnings per share | ||
| Net profit (loss) - equity holders of the parent | 0.0774 | 0.0861 |
| Weighted average number of ordinary shares (shares) | 637,598,035 | 641,471,636 |