Central Pattana : 1st Quarter Financial Statement 2023 31 March 2023

Central Pattana Public Company Limited

and its Subsidiaries

Condensed interim financial statements

for the three-month period ended

31 March 2023

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 31 March 2023; the consolidated and separate statements of comprehensive income, changes in equity and cash flows for the three-month period ended 31 March 2023; 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".

(Vannaporn Jongperadechanon)

Certified Public Accountant

Registration No. 4098

KPMG Phoomchai Audit Ltd.

Bangkok

12 May 2023

Central Pattana Public Company Limited and its Subsidiaries

Statement of financial position

		Consolidated financial	Separate financial
		statements	statements
		31 March	31 December	31 March	31 December
Assets	Note	2023	2022	2023	2022
		(Unaudited)		(Unaudited)
			(in thousand Baht)
Current assets
Cash and cash equivalents		2,266,363	3,246,195	884,949	2,101,005
Trade accounts receivable	2, 3	2,370,440	2,915,054	1,461,006	1,754,352
Other receivables	2	1,842,455	2,482,760	1,516,997	2,242,484
Current portion of finance lease receivables		28,009	27,599	2,990	2,967
Real estate development for sales	6	14,580,473	13,666,533	-	-
Short-term loans to related parties	2	29,693	29,582	715,133	683,489
Other current financial assets		3,121,199	2,874,488	1,200,445	873,854
Total current assets		24,238,632	25,242,211	5,781,520	7,658,151
Non-current assets
Restricted bank deposits	6	1,000	1,000	-	-
Other non-current financial assets		4,931,628	3,284,751	1,821,331	1,751,437
Investments in subsidiaries and fund	4	-	-	32,307,885	32,307,885
Investments in associates	4	8,377,903	8,393,170	9,399,168	9,399,168
Investments in joint ventures		31,815,806	31,882,428	5,840,753	5,840,753
Finance lease receivable	2	19,950,555	19,576,561	2,561	3,317
Long-term loans to related parties	2	1,053,051	1,030,630	65,270,877	64,938,185
Investment properties	5, 6	169,841,444	168,701,806	84,078,466	84,285,569
Property, plant and equipment		4,290,416	4,005,431	563,410	530,537
Goodwill		1,290,875	1,290,875	-	-
Deferred tax assets		3,447,172	3,413,013	2,049,732	1,971,307
Other non-current assets	2	6,212,164	5,870,052	1,369,972	1,229,770
Total non-current assets		251,212,014	247,449,717	202,704,155	202,257,928
Total assets		275,450,646	272,691,928	208,485,675	209,916,079

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

2

Central Pattana Public Company Limited and its Subsidiaries

Statement of financial position

		Consolidated financial	Separate financial
		statements	statements
		31 March	31 December	31 March	31 December
Liabilities and equity	Note	2023	2022	2023	2022
		(Unaudited)		(Unaudited)
			(in thousand Baht)
Current liabilities
Short-term loans from financial institutions	6	11,970,000	12,870,000	11,150,000	12,050,000
Trade accounts payable	2	1,103,009	1,274,235	300,975	401,524
Other payables	2	6,175,677	6,340,153	2,872,547	3,691,269
Current portion of lease liabilities	2	2,842,700	2,651,700	2,180,945	2,157,787
Short-term loans from related parties	2	444,019	440,370	14,691,854	13,972,966
Current portion of long-term loans	6	19,498,774	14,130,497	18,305,574	13,030,497
Current portion of advance received from rental income	2	1,850,669	1,835,497	259,593	259,843
Income tax payable		1,305,670	821,182	383,965	148,564
Contractor payables		2,264,091	1,668,430	1,245,921	958,038
Total current liabilities		47,454,609	42,032,064	51,391,374	46,670,488
Non-current liabilities
Long-term loans from related parties	2	969,537	974,901	5,838,506	7,264,282
Long-term loans	6	45,604,181	51,329,141	42,875,475	48,797,234
Lease liabilities	2	45,924,771	46,218,382	31,273,889	31,637,796
Deferred tax liabilities		3,728,808	3,684,633	-	-
Advance received from rental income	2	28,647,518	28,889,099	3,972,722	4,038,894
Deposits received from customers	2	8,857,352	8,676,896	5,156,149	5,032,927
Non-current provisions for employee benefits		929,423	920,437	683,937	670,120
Provision for decommissioning and restoration		340,717	337,275	305,485	302,346
Other non-current liabilities	2	9,802	8,917	-	-
Total non-current liabilities		135,012,109	141,039,681	90,106,163	97,743,599
Total liabilities		182,466,718	183,071,745	141,497,537	144,414,087

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

3

Central Pattana Public Company Limited and its Subsidiaries

Statement of financial position

		Consolidated financial	Separate financial
		statements	statements
		31 March	31 December	31 March	31 December
Liabilities and equity	Note	2023	2022	2023	2022
		(Unaudited)		(Unaudited)
			(in thousand Baht)
Equity
Share capital
Authorised share capital
(4,488,000,000 ordinary shares, par value at
Baht 0.5 per share)		2,244,000	2,244,000	2,244,000	2,244,000
Issued and paid-up share capital
(4,488,000,000 ordinary shares, par value at
Baht 0.5 per share)		2,244,000	2,244,000	2,244,000	2,244,000
Premium on ordinary shares		8,558,558	8,558,558	8,558,558	8,558,558
Retained earnings
Appropriated
Legal reserve		224,400	224,400	224,400	224,400
Unappropriated		74,019,949	70,774,062	56,593,832	55,163,233
Treasury shares	8	(761,216)	(761,216)	(761,216)	(761,216)
Other components of equity		520,757	435,141	128,564	73,017
Equity attributable to owners of the parent		84,806,448	81,474,945	66,988,138	65,501,992
Non-controlling interests		8,177,480	8,145,238	-	-
Total equity		92,983,928	89,620,183	66,988,138	65,501,992
Total liabilities and equity		275,450,646	272,691,928	208,485,675	209,916,079

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

4