Bangkok Dusit Medical Services : Financial Statements Quarter 2/2023

Bangkok Dusit Medical Services Public Company Limited and its subsidiaries

Review report and interim financial information

For the three-month and six-month periods ended 30 June 2023

Independent Auditor's Report on Review of Interim Financial Information

To the Shareholders of Bangkok Dusit Medical Services Public Company Limited

I have reviewed the accompanying consolidated statement of financial position of Bangkok Dusit Medical Services Public Company Limited and its subsidiaries ("the Group") as at 30 June 2023, the related consolidated statements of income and comprehensive income for the three-month and six-month periods then ended, the related consolidated statements of changes in shareholders' equity and cash flows for the six-month period then ended, as well as the condensed notes to the interim consolidated financial statements. I have also reviewed the separate financial information of Bangkok Dusit Medical Services Public Company Limited for the same period (collectively "interim financial information"). Management is responsible for the preparation and presentation of this interim financial information in accordance with Thai Accounting Standard No. 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 No. 34 Interim Financial Reporting.

Wichart Lokatekrawee

Certified Public Accountant (Thailand) No. 4451

EY Office Limited

Bangkok: 11 August 2023

Bangkok Dusit Medical Services Public Company Limited and its subsidiaries
Statement of financial position
As at 30 June 2023
				(Unit: Thousand Baht)
		Consolidated financial statements	Separate financial statements
		As at	As at	As at	As at
	Note	30 June 2023	31 December 2022	30 June 2023 31 December 2022
		(Unaudited	(Audited)	(Unaudited	(Audited)
		but reviewed)		but reviewed)
Assets
Current assets
Cash and cash equivalents		10,442,424	12,668,014	6,053,007	4,095,282
Trade and other receivables	2 , 3	10,090,662	10,484,453	1,881,252	1,538,508
Short-term loans to subsidiaries	3	-	-	2,370,377	2,567,990
Inventories		2,049,131	2,211,278	122,743	129,900
Current portion of
- Other non-current financial assets	4	14,000	16,000	-	-
- Long-term loans to subsidiaries	3	-	-	90,000	90,000
Other current financial assets		1,037,647	2,303,564	86	86
Other current assets		71,340	115,768	126	6,991
Total current assets		23,705,204	27,799,077	10,517,591	8,428,757
Non-current assets
Restricted financial institution deposits		164,627	4,609	160,000	-
Other non-current financial assets	4	1,120,042	1,018,107	863,600	813,570
Investments in associates	5	996,171	963,470	69,952	69,952
Investments in subsidiaries	6	-	-	63,242,274	63,241,874
Long-term loans to subsidiaries	3	-	-	389,932	432,076
Investment properties		380,258	380,258	726,359	726,359
Property, premises and equipment	7	82,694,632	81,859,991	13,453,331	13,623,611
Right-of-use assets	8	9,635,399	9,668,432	786,218	842,084
Goodwill		17,538,869	17,538,869	-	-
Intangible assets		1,702,639	1,621,177	685,679	742,525
Deferred tax assets		88,355	77,676	-	-
Other non-current assets		635,614	611,195	49,495	49,345
Total non-current assets		114,956,606	113,743,784	80,426,840	80,541,396
Total assets		138,661,810	141,542,861	90,944,431	88,970,153

The accompanying notes are an integral part of the financial statements.

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Bangkok Dusit Medical Services Public Company Limited and its subsidiaries
Statement of financial position (continued)
As at 30 June 2023
				(Unit: Thousand Baht)
		Consolidated financial statements	Separate financial statements
		As at	As at	As at	As at
	Note	30 June 2023	31 December 2022	30 June 2023 31 December 2022
		(Unaudited	(Audited)	(Unaudited	(Audited)
		but reviewed)		but reviewed)
Liabilities and shareholders' equity
Current liabilities
Short-term loan from financial institutions		-	500,000	-	500,000
Trade and other payables	3	5,518,585	6,175,970	888,331	1,102,371
Accrued expenses	3	7,374,381	5,425,639	1,349,983	1,042,579
Current portion of long-term liabilities
- Long-term loan from financial institution	10	1,000,000	-	1,000,000	-
- Liabilities under lease agreements		839,690	880,375	122,175	126,295
- Debentures	11	1,499,852	4,999,842	1,499,852	4,999,842
Short-term loans from non-related parties		-	32,000	-	-
Short-term loans from subsidiaries	3	-	-	17,939,543	15,004,852
Income tax payable		1,350,431	1,471,565	215,703	138,773
Deferred income - membership due within one year		184,709	183,249	101,798	99,381
Other current liabilities		709,522	947,674	140,559	249,916
Total current liabilities		18,477,170	20,616,314	23,257,944	23,264,009
Non-current liabilities
Long-term loan from financial institution	10	3,000,000	4,000,000	3,000,000	4,000,000
Liabilities under lease agreements		6,841,488	6,683,842	515,797	604,417
Debentures	11	4,998,393	6,497,815	4,998,393	6,497,815
Provision for life long medical care programs		1,799,194	1,666,045	1,561,847	1,431,300
Provision for employee benefits		4,034,912	3,886,455	1,264,251	1,223,284
Deferred income - membership		506,402	486,095	130,691	109,287
Deferred tax liabilities		3,876,077	3,920,406	328,733	341,142
Other non-current liabilities		76,695	73,100	32,847	32,650
Total non-current liabilities		25,133,161	27,213,758	11,832,559	14,239,895
Total liabilities		43,610,331	47,830,072	35,090,503	37,503,904

The accompanying notes are an integral part of the financial statements.

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Bangkok Dusit Medical Services Public Company Limited and its subsidiaries
Statement of financial position (continued)
As at 30 June 2023
			(Unit: Thousand Baht)
	Consolidated financial statements	Separate financial statements
	As at	As at	As at	As at
	30 June 2023 31 December 2022	30 June 2023 31 December 2022
	(Unaudited	(Audited)	(Unaudited	(Audited)
	but reviewed)		but reviewed)
Liabilities and shareholders' equity (continued)
Shareholders' equity
Share capital
Registered
17,582,235,672 ordinary shares of Baht 0.1 each	1,758,224	1,758,224	1,758,224	1,758,224
Issued and fully paid-up
15,892,001,895 ordinary shares of Baht 0.1 each	1,589,200	1,589,200	1,589,200	1,589,200
Premium on ordinary shares	30,166,103	30,166,103	30,103,179	30,103,179
Difference from shareholding restructure	305,000	305,000	-	-
Surplus investment over book value of subsidiaries	(3,957,883)	(3,954,357)	-	-
Retained earnings
Appropriated - statutory reserve	175,822	175,822	175,822	175,822
Unappropriated	49,551,975	47,774,161	21,055,636	16,716,095
Other components of shareholders' equity	13,953,026	13,823,325	2,930,091	2,881,953
Equity attributable to owners of the Company	91,783,243	89,879,254	55,853,928	51,466,249
Non - controlling interests of the subsidiaries	3,268,236	3,833,535	-	-
Total shareholders' equity	95,051,479	93,712,789	55,853,928	51,466,249
Total liabilities and shareholders' equity	138,661,810	141,542,861	90,944,431	88,970,153
	-	-	-	-

The accompanying notes are an integral part of the financial statements.

Directors

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