3rd Quarter Financial Statement 2021 30 September 2021

Central Pattana Public Company Limited

and its Subsidiaries

Condensed interim financial statements

for the three-month and nine-month periods ended

30 September 2021

and

Independent auditor's review report

Independent Auditor's Report on Review of Interim Financial Information

To the Board of Directors of Central Pattana Public Company Limited

I have reviewed the accompanying consolidated and separate statements of financial position of Central Pattana Public Company Limited and its subsidiaries, and of Central Pattana Public Company Limited, respectively, as at 30 September 2021; the consolidated and separate statements of comprehensive income for the three-month and nine-month periods ended 30 September 2021, the consolidated and separate statement of changes in equity and cash flows for the nine-month period ended 30 September 2021; and condensed notes ("interim financial information"). Management is responsible for the preparation and presentation of this interim financial information in accordance with Thai Accounting Standard 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 34, "Interim Financial Reporting".

Emphasis of Matter

I draw attention to note 3 during the period ended 30 September 2021. The Group has business acquisition in Siam Future Development Public Company Limited and its subsidiaries and the engaging independent appraisers to determine the fair values of assets acquired and liabilities assumed from a business acquisition and the appraisal has not yet been completed. Therefore, the determination of the fair value and the allocation of the purchase price was determined and is subject to potential amendment. My conclusion is not modified in respect of this matter.

(Vannaporn Jongperadechanon)

Certified Public Accountant

Registration No. 4098

KPMG Phoomchai Audit Ltd.

Bangkok

5 November 2021

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Central Pattana Public Company Limited and its Subsidiaries

Statement of financial position

		Consolidated financial	Separate financial
		statements	statements
		30 September	31 December	30 September	31 December
Assets	Note	2021	2020	2021	2020
		(Unaudited)		(Unaudited)
			(in thousand Baht)
Current assets
Cash and cash equivalents		4,457,054	7,218,688	3,699,702	6,156,827
Trade accounts receivable	4, 5	4,547,547	3,571,263	2,847,284	2,387,223
Other receivables	4	2,560,455	1,936,041	1,441,691	1,153,827
Real estate development for sales		9,644,585	9,032,387	-	-
Short-term loans to related parties	4	6,581	-	198,588	83,212
Other current financial assets - investments in equity
and debt instruments	13	3,506,555	2,006,244	1,375,079	426,501
Total current assets		24,722,777	23,764,623	9,562,344	10,207,590
Non-current assets
Other non-current financial assets - investments
in equity and debt instruments	13	2,369,710	1,955,957	2,539,722	1,187,909
Restricted bank deposits	9	1,627	1,000	-	-
Investments in subsidiaries and fund	6	-	-	30,912,670	30,653,089
Investments in associates	6	8,094,176	5,730,869	9,280,420	7,963,674
Investments in joint ventures	6	26,193,041	2,454,331	329,400	318,690
Finance lease receivable	4	17,809,035	16,397,782	-	-
Long-term loans to related parties	4	1,017,499	932,282	46,887,394	31,050,238
Investment properties	7	166,095,402	159,982,703	80,833,799	82,639,887
Property, plant and equipment		3,119,597	3,241,511	474,661	546,390
Goodwill	3	1,211,741	1,036,492	-	-
Deferred tax assets		3,380,966	3,392,386	1,841,247	2,107,950
Other non-current assets	4	3,856,277	2,762,353	939,449	717,841
Total non-current assets		233,149,071	197,887,666	174,038,762	157,185,668
Total assets		257,871,848	221,652,289	183,601,106	167,393,258

The accompanying notes form an integral part of the interim financial statements.

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Central Pattana Public Company Limited and its Subsidiaries

Statement of financial position

		Consolidated financial	Separate financial
		statements	statements
		30 September	31 December	30 September	31 December
Liabilities and equity	Note	2021	2020	2021	2020
		(Unaudited)		(Unaudited)
			(in thousand Baht)
Current liabilities
Short-term loans from financial institutions	9	13,750,000	11,732,000	11,980,000	11,182,000
Trade accounts payable	4	446,581	664,210	94,215	267,749
Other payables	4, 8	4,940,327	4,735,459	2,408,871	2,295,637
Current portion of lease liabilities	4	2,828,798	2,415,100	1,991,237	2,005,270
Short-term loans from related parties	4	297,064	226,249	11,029,783	10,504,750
Current portion of long-term loans	9	11,818,418	6,172,904	7,754,436	5,009,903
Current portion of advance received
from rental income	4	1,876,844	1,905,361	244,305	238,122
Income tax payable		244,058	483,541	-	129,522
Contractor payables		2,337,655	2,098,047	1,093,953	785,080
Total current liabilities		38,539,745	30,432,871	36,596,800	32,418,033
Non-current liabilities
Long-term loans from related parties	4	891,192	724,338	7,495,910	7,615,431
Long-term loans	9	40,360,073	27,630,460	38,081,543	24,062,613
Lease liabilities	4	44,487,366	43,486,789	29,335,316	30,390,017
Deferred tax liabilities		3,602,899	2,623,959	-	-
Advance received from rental income	4	30,060,462	30,649,056	4,078,974	3,927,942
Deposits received from customers	4	8,262,259	7,865,715	4,668,604	4,672,980
Non-current provisions for employee benefits		823,940	730,905	619,748	583,221
Provision for decommissioning and restoration		320,790	384,188	287,315	278,633
Guarantees received for leasehold rights	4	3,683	707	-	-
Total non-current liabilities		128,812,664	114,096,117	84,567,410	71,530,837
Total liabilities		167,352,409	144,528,988	121,164,210	103,948,870

The accompanying notes form an integral part of the interim financial statements.

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