Central Pattana Public Company Limited
and its Subsidiaries
Condensed interim financial statements
for the three-month and six-month periods ended
30 June 2023
and
Independent auditor's review report
Independent Auditor's Report on Review of Interim Financial Information
To the Board of Directors of Central Pattana Public Company Limited
I have reviewed the accompanying consolidated and separate statements of financial position of Central Pattana Public Company Limited and its subsidiaries, and of Central Pattana Public Company Limited, respectively, as at 30 June 2023; the consolidated and separate statements of comprehensive income for the three-month and six- month periods ended 30 June 2023, the consolidated and separate statement of changes in equity and cash flows for the six-month period ended 30 June 2023; and condensed notes ("interim financial information"). 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".
(Vannaporn Jongperadechanon)
Certified Public Accountant
Registration No. 4098
KPMG Phoomchai Audit Ltd.
Bangkok
11 August 2023
Central Pattana Public Company Limited and its Subsidiaries
Statement of financial position
Consolidated financial | Separate financial | ||||
statements | statements | ||||
30 June | 31 December | 30 June | 31 December | ||
Assets | Note | 2023 | 2022 | 2023 | 2022 |
(Unaudited) | (Unaudited) | ||||
(in thousand Baht) | |||||
Current assets | |||||
Cash and cash equivalents | 2,812,929 | 3,246,195 | 1,676,805 | 2,101,005 | |
Trade accounts receivable | 2, 3 | 2,191,262 | 2,915,054 | 1,387,965 | 1,754,352 |
Other receivables | 2 | 1,810,449 | 2,482,760 | 1,628,462 | 2,242,484 |
Current portion of finance lease receivables | 28,258 | 27,599 | 3,012 | 2,967 | |
Real estate development for sales | 6 | 15,601,343 | 13,666,533 | - | - |
Short-term loans to related parties | 2 | 37,671 | 29,582 | 734,956 | 683,489 |
Other current financial assets | 3,064,230 | 2,874,488 | 1,003,184 | 873,854 | |
Total current assets | 25,546,142 | 25,242,211 | 6,434,384 | 7,658,151 | |
Non-current assets | |||||
Restricted bank deposits | 6 | 1,000 | 1,000 | - | - |
Other non-current financial assets | 5,050,202 | 3,284,751 | 1,726,294 | 1,751,437 | |
Investments in subsidiaries and fund | 4, 12 | - | - | 32,307,885 | 32,307,885 |
Investments in associates | 4 | 8,373,256 | 8,393,170 | 9,372,076 | 9,399,168 |
Investments in joint ventures | 32,175,202 | 31,882,428 | 5,840,753 | 5,840,753 | |
Finance lease receivable | 2 | 20,323,997 | 19,576,561 | 1,799 | 3,317 |
Long-term loans to related parties | 2 | 1,080,374 | 1,030,630 | 66,614,365 | 64,938,185 |
Investment properties | 5, 6 | 170,222,285 | 168,701,806 | 84,004,763 | 84,285,569 |
Property, plant and equipment | 4,488,782 | 4,005,431 | 543,266 | 530,537 | |
Goodwill | 1,290,875 | 1,290,875 | - | - | |
Deferred tax assets | 3,526,111 | 3,413,013 | 2,148,421 | 1,971,307 | |
Other non-current assets | 2 | 6,153,697 | 5,870,052 | 1,347,441 | 1,229,770 |
Total non-current assets | 252,685,781 | 247,449,717 | 203,907,063 | 202,257,928 | |
Total assets | 278,231,923 | 272,691,928 | 210,341,447 | 209,916,079 |
The accompanying notes form an integral part of the interim financial statements.
2
Central Pattana Public Company Limited and its Subsidiaries
Statement of financial position
Consolidated financial | Separate financial | ||||
statements | statements | ||||
30 June | 31 December | 30 June | 31 December | ||
Liabilities and equity | Note | 2023 | 2022 | 2023 | 2022 |
(Unaudited) | (Unaudited) | ||||
(in thousand Baht) | |||||
Current liabilities | |||||
Short-term loans from financial institutions | 15,350,000 | 12,870,000 | 14,750,000 | 12,050,000 | |
Trade accounts payable | 2 | 1,299,546 | 1,274,235 | 360,956 | 401,524 |
Other payables | 2 | 6,878,588 | 6,340,153 | 3,306,415 | 3,691,269 |
Current portion of lease liabilities | 2 | 2,880,524 | 2,651,700 | 2,236,985 | 2,157,787 |
Short-term loans from related parties | 2 | 448,072 | 440,370 | 14,608,537 | 13,972,966 |
Current portion of long-term loans | 6 | 17,373,586 | 14,130,497 | 16,180,386 | 13,030,497 |
Current portion of advance received from rental income | 2 | 1,866,303 | 1,835,497 | 257,837 | 259,843 |
Income tax payable | 1,014,908 | 821,182 | 472,014 | 148,564 | |
Contractor payables | 2,439,645 | 1,668,430 | 1,297,816 | 958,038 | |
Total current liabilities | 49,551,172 | 42,032,064 | 53,470,946 | 46,670,488 | |
Non-current liabilities | |||||
Long-term loans from related parties | 2 | 965,421 | 974,901 | 5,305,175 | 7,264,282 |
Long-term loans | 6 | 49,353,030 | 51,329,141 | 46,647,624 | 48,797,234 |
Lease liabilities | 2 | 44,456,696 | 46,218,382 | 30,141,064 | 31,637,796 |
Deferred tax liabilities | 3,671,765 | 3,684,633 | - | - | |
Advance received from rental income | 2 | 28,280,597 | 28,889,099 | 3,976,919 | 4,038,894 |
Deposits received from customers | 2 | 9,042,580 | 8,676,896 | 5,280,924 | 5,032,927 |
Non-current provisions for employee benefits | 952,337 | 920,437 | 702,012 | 670,120 | |
Provision for decommissioning and restoration | 344,158 | 337,275 | 308,624 | 302,346 | |
Other non-current liabilities | 2 | 10,477 | 8,917 | - | - |
Total non-current liabilities | 137,077,061 | 141,039,681 | 92,362,342 | 97,743,599 | |
Total liabilities | 186,628,233 | 183,071,745 | 145,833,288 | 144,414,087 |
The accompanying notes form an integral part of the interim financial statements.
3
Central Pattana Public Company Limited and its Subsidiaries
Statement of financial position
Consolidated financial | Separate financial | ||||
statements | statements | ||||
30 June | 31 December | 30 June | 31 December | ||
Liabilities and equity | Note | 2023 | 2022 | 2023 | 2022 |
(Unaudited) | (Unaudited) | ||||
(in thousand Baht) | |||||
Equity | |||||
Share capital | |||||
Authorised share capital | |||||
(4,488,000,000 ordinary shares, par value at | |||||
Baht 0.5 per share) | 2,244,000 | 2,244,000 | 2,244,000 | 2,244,000 | |
Issued and paid-up share capital | |||||
(4,488,000,000 ordinary shares, par value at | |||||
Baht 0.5 per share) | 2,244,000 | 2,244,000 | 2,244,000 | 2,244,000 | |
Premium on ordinary shares | 8,558,558 | 8,558,558 | 8,558,558 | 8,558,558 | |
Retained earnings | |||||
Appropriated | |||||
Legal reserve | 224,400 | 224,400 | 224,400 | 224,400 | |
Unappropriated | 72,556,364 | 70,774,062 | 54,176,058 | 55,163,233 | |
Treasury shares | 8 | (761,216) | (761,216) | (761,216) | (761,216) |
Other components of equity | 566,825 | 435,141 | 66,359 | 73,017 | |
Equity attributable to owners of the parent | 83,388,931 | 81,474,945 | 64,508,159 | 65,501,992 | |
Non-controlling interests | 8,214,759 | 8,145,238 | - | - | |
Total equity | 91,603,690 | 89,620,183 | 64,508,159 | 65,501,992 | |
Total liabilities and equity | 278,231,923 | 272,691,928 | 210,341,447 | 209,916,079 |
The accompanying notes form an integral part of the interim financial statements.
4
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Central Pattana pcl published this content on 15 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2023 04:17:03 UTC.