| Baht |
Statements of financial position
As at 31 March 2012 and 31 December 2011 |
Consolidated |
| 31 March 2012 |
31 December 2011 |
| Assets |
| Current assets |
| Cash and cash equivalents |
3,533,304,594 |
4,020,710,649 |
| Current investments |
9,850,624 |
9,823,677 |
| Trade accounts receivable |
8,730,509,151 |
8,072,323,737 |
| Inventories |
21,705,492,074 |
16,658,225,735 |
| Refundable income tax |
326,867,644 |
326,867,644 |
| Oil Fuel Fund Subsidies Receivable |
884,623,639 |
926,778,096 |
| Other current assets |
1,850,122,028 |
1,279,729,291 |
| Total current assets |
37,040,769,754 |
31,294,458,829 |
| Non-current assets |
| Investments in subsidiaries |
- |
- |
| Investments in associate |
747,079,611 |
745,479,405 |
| Other long-term investments |
288,733,732 |
284,645,072 |
| Tariff prepayment |
12,004,200 |
12,004,200 |
| Investment Properties |
288,062,000 |
288,062,000 |
| Property, plant and equipment |
26,765,965,167 |
26,959,261,135 |
| Leasehold right |
959,148,757 |
937,382,932 |
| Intangible assets |
112,062,191 |
101,135,053 |
| Investment in service stations |
173,145,341 |
180,351,084 |
| Deferred tax assets |
182,942,238 |
179,072,560 |
| Other non-current assets |
617,929,645 |
621,639,658 |
| Total non-current assets |
30,147,072,882 |
30,309,033,099 |
| Total assets |
67,187,842,636 |
61,603,491,928 |
| Liabilities and equity |
| Current liabilities |
| Short-term loans from financial institutions |
- |
2,000,000,000 |
| Trade accounts payable |
13,902,809,184 |
8,758,505,369 |
| Other accounts payable to related parties |
454,806,775 |
427,170,577 |
| Current portion of long-term loans from
financial institutions |
706,079,740 |
551,363,070 |
| Excise tax and Oil Fuel Fund payable |
396,376,813 |
296,841,676 |
| Income tax payable |
748,116,936 |
148,141 |
| Liabilities on hedging contracts |
150,164,028 |
604,919,384 |
| Other current liabilities |
1,513,266,732 |
1,902,504,770 |
| Total current liabilities |
17,871,620,208 |
14,541,452,987 |
| Non-current liabilities |
| Long-term loans from financial institutions |
15,890,128,378 |
16,030,166,740 |
| Deferred tax liabilities |
6,242,864 |
6,869,877 |
| Liabilities on long-term lease |
161,231,061 |
237,846,592 |
| Employee benefit obligations |
863,441,541 |
839,950,328 |
| Other non-current liabilities |
65,198,194 |
67,764,855 |
| Total non-current liabilities |
16,986,242,038 |
17,182,598,392 |
| Total liabilities |
34,857,862,246 |
31,724,051,379 |
| Equity |
| Share Capital |
|
|
| Authorized share capital |
1,531,643,461 |
1,531,643,461 |
| Issued and paid-up share capital |
1,376,923,157 |
1,376,923,157 |
| Additional paid-in capital |
|
|
| Premium on ordinary shares |
11,157,460,051 |
11,157,460,051 |
| Premium on shares in subsidiary of the Company |
18,621,225 |
18,621,225 |
| Capital surplus on registered and paid-up share reduction |
189,617,759 |
189,617,759 |
| Retained earnings |
|
|
| Appropriated |
|
|
| Legal reserve |
153,164,346 |
153,164,346 |
| Unappropriated |
19,271,616,475 |
16,833,294,392 |
| Total equity attributable to equity holders of the Company |
32,167,403,013 |
29,729,080,930 |
| Non-controlling interests |
162,577,377 |
150,359,619 |
| Total equity |
32,329,980,390 |
29,879,440,549 |
| Total liabilities and equity |
67,187,842,636 |
61,603,491,928 |
| Baht |
Statements of income
For the three-month periods ended 31 March 2012 and 2011 (Unaudited) |
Consolidated |
| 2012 |
2011 |
| Revenues |
| Revenue from sale of goods and rendering of services |
47,610,076,659 |
35,759,157,674 |
| Cost of sale of goods and rendering of services |
(44,280,910,474) |
(32,420,119,490) |
| Gross Profit |
3,329,166,185 |
3,339,038,184 |
| Investment income |
29,984,472 |
10,344,242 |
| Other income |
48,826,490 |
58,264,918 |
| Selling expenses |
(601,057,924) |
(543,154,172) |
| Administrative expenses |
(233,459,780) |
(338,905,416) |
| Loss from inventory write - down |
- |
(39,824,990) |
| Gain (loss) from crude and product oil price
hedging contract |
114,486,321 |
(583,757,411) |
| Gain (loss) from foreign currencies
forward contract |
466,887,507 |
(69,975,536) |
| Gain on foreign exchange |
232,011,786 |
31,726,179 |
| Net Reversal of allowance for loss from
impairment of assets |
4,097,247 |
240,762,686 |
| Share of loss of associate |
1,600,206 |
- |
| Profit before finance costs and income tax
expense |
3,392,542,510 |
2,104,518,684 |
| Finance costs |
(191,250,056) |
(210,085,920) |
| Profit before income tax expense |
3,201,292,454 |
1,894,432,764 |
| Income tax expense |
(750,752,613) |
(448,864,477) |
| Profit for the period |
2,450,539,841 |
1,445,568,287 |
| Profit attributable to: |
| Owners of the Company |
2,438,322,083 |
1,424,122,530 |
| Non-controlling interests |
12,217,758 |
21,445,757 |
| Profit for the period |
2,450,539,841 |
1,445,568,287 |
| Earnings per share |
| Basic earnings per share (in Baht) |
1.77 |
1.14 |
| Diluted earnings per share (in Baht) |
1.77 |
1.09 |
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