SCI Annual Report 2015

SCI Electric Public Company Limited
Financial Position
Consolidation
As 31/12/2015 As 31/12/2014 Increased (Decreased)
Amount % Amount % Amount %
Non-controlling interests 0.01 0.00 0.00 0.00 0.00 70.09
Total Shareholders’ equity 1,859.61 63.95 626.48 32.51 1,233.13 196.83
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY
2,907.69 100.00 1,927.09 100.00 980.61 50.89
Liabilities
- Short-term loans and long-term loans from financial institutions decreased Baht 161.59 million from the loan
repayment to reduce financial cost.
- Trade and other payable increased Baht 40.81 million from postpone the PDSR project’s supplier to pay in
January 2016 the same period as PDSR project’s receivable.
- Advanced payments and unearned revenues decreased due to the recognition of the project which was near
completion.
- Accrued income tax decreased due to the privilege from IPO expenses which can utilize as income tax expenses.
- Provision is the obligation for major overhaul before transferring the assets to the grantor at the end of
concession period. The subsidiary recognized a provision of US Dollar 143,576.
Shareholders’ Equity
- Registered share capital increased from Baht 165.00 million to Baht 750.00 million by the previous shareholders
of Baht 397.50 million and the new issue share to public of Baht 187.50 million at par value Baht 1.00 per share
of 187.50 million shares.
- Premium share of Baht 879.04 million due to the fact that the Company made a public offering of the 187.5
million shares at Baht 5.9 per share; total consideration is amounting to Baht 1,106.3 million and received the
consideration of increased share capital on 8 October 2015. All direct expenses related to the share offering
amounting to approximately Baht 39.71 million.
- Legal reserve increased Baht 26.48 million from set aside at least 5% of its net profit until the reserve is not less
than 10% of the registered capital.
- Retained earnings decreased Baht 284.38 million from distribute dividend of Baht 441.67 million and profit from
the operation the year 2015 of Baht 183.77 million.
- Other components of equity increased of Baht 26.98 million mainly came from translated the subsidiary’s
financial statement in US Dollar for consolidation.
The Quality Of Asset
Trade and other receivable
Trade and other receivable of the year 2015 were Baht 777.06 million, increased Baht 36.15 million or increased 4.88%
compared to the year 2014. The balance was represented as 26.72% of total asset. The detail of trade and other receivable
is shown in table 6 below.
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