SCI Annual Report 2015

- Cost of sales were Baht 1,237.27 million, increased by Baht 85.85 million or 7.46%, compared to the year 2014,
of Baht 1,151.42 million. Cost of sales increased due to fluctuated from sales of each product. The gross margin
of each product were diversified as below;
- The switch board projects were fewer margins than the cable tray product.
- The steel structures for high voltage electrical towers were fewer margins than the steel structure for
telecom towers.
- Cost of services were Baht 493.08 million, decreased by Baht 582.92 million or 54.17%, compared to the year
2014 of Baht 1,076.00 million in the year 2014. Cost of services decreased as there was less revenue recognition
in PDSR (Phase1).
- Selling expense were Baht 18.4 million, increased by Baht 16.65 million or 9.82%, compared to the year 2014 of
Baht 16.76 million in the year 2014. This is due to the increase of annual salary as well as the bonus of the year.
- Administration expense were Baht 118.51 million, decreased by Baht 15.58 million or 11.62%, compared to that
of Baht 134.08 million in the year 2014. Even though the Company increased the expenses for expanding the
business and the annual salary as well as the bonus of the year, some expense were significant decreased such
as bad debt expense and loss on foreign exchange in 2014.
- Financial costs were Baht 24.32 million, decreased by Baht 3.33 million or 12.03% compare to the year 2014 due
to decreased the short-term borrowing after IPO process.
- Income tax was Baht 38.20 million, decreased by Baht 52.70 million or 57.97% compared to the year 2014. This
is due to the privilege from IPO expenses which can utilize as income tax expenses.
Annual Report 2015
FINANCIAL ANALYSIS
ASSET
As at 31 December 2015, the Company had total assets of Baht 2,907.69 million, increased by Baht 980.61 million or 50.89%
compared as 31 December 2014, Baht 1,927.09 million. The detail of total asset is shown
in table 4 below.
Table 4 : Total asset Unit : Million Baht
Consolidation
Financial Position As 31/12/2015 As 31/12/2014 Increased (Decreased)
Amount % Amount % Amount %
Amount
CURRENT ASSETS
Cash and cash equivalents 122.97 4.23 269.08 13.96 (146.11) 54.30
Short-term investments 1,026.51 35.30 6.14 0.32 1,020.37 16,624.59
Trade and other receivable 777.06 26.72 740.91 38.45 36.15 4.88
Short-term loan to subsidiary 117.24 4.03 114.49 5.94 2.74 2.40
Short-term loan to other company 212.93 7.32 210.06 10.90 2.87 1.36
Unbilled completed work 15.42 0.53 1.30 0.07 14.12 1,084.47
Total current assets 2,272.11 78.14 1,341.98 69.64 930.13 69.31
NON-CURRENT ASSETS
Deposits pledged as collateral 143.71 4.94 136.16 7.07 7.56 5.55
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