The Significant changes in the statement of financial position are as follows:
As at 31 December 2019, the Company and its subsidiary have total assets 1,840.22 million Baht, decreased from prior year by Baht 70.96 million. Total liabilities 590.82 million Baht, decreased from the prior by Baht 143.90 million and had the shareholders’ equity of 1,249.40 million, the Significant change are as follows;
- Current investments amounting to Baht 269.71 million, increasing from the previous year by Baht 118.10 million from the cash of disposal of non-operating assets.
- Trade and other receivables amounting to Baht 269.71 million. The increasing by Baht 10.76 million from increase in sale volume during the fourth quarter.
- Inventories amounting to Baht 129.04 million decreased by Baht 56.51 million from the previous year: work in process decreased by Baht 34.00 million, finished goods decreased by Baht 16.18 million, raw material decreased by Baht 6.33 million.
- The non-operating assets amounting to Baht 14.23 million, decreasing by Baht 104.42 million from the disposal of non-used land and buildings of a subsidiary.
- Other non-current assets amounted to Baht 24.08 million increasing from the previous year by Baht 6.80 million from refundable tax by Baht 7.52 million and others decreased by Baht 0.72 million.
- Trade and other payables amounted to Baht 185.33 million decreasing from the previous year by Baht 25.98 million. The main reason is decreasing of trade payables of the Company by Baht 14.18 million, Other payables increasing by Baht 2.58 million and Unearned revenue and Advances Received decreasing by Baht 14.38 million.
- Long term loan from financial institution decreased from the previous year by Baht 157.27 million from repayment the Company’s loan by 17.04 million and repayment the IGC’s loan by Baht 140.23 million..
- The Shareholders’ equity amounted to Baht 1,249.40 million, which Baht 1,022.19 million was for the Company only and the 227.21 million Baht is the non-controlling interest of the subsidiary. The change in company’s equity from the profit for the year by Baht 131.25 million, other comprehensive income decreased by Baht 0.85 million, dividend paid by Baht 15.00 million and the dividend paid to the non-controlling interest of the subsidiary by Baht 42.46 million.