CP ALL 
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2Q13 result only reflected investment in Makro on balance sheet but NOT on statement of income
As of June 30, 2013, CPALL recorded investment in Makro of 67.15%; thus, assets were increased from Baht 73,445 million in 1Q13 to Baht 232,953 million in 2Q13. As of August 5, 2013 which was the last tender offer date, CPALL totally obtained Makro shares of 97.88%. On 3Q13 onwards, CPALL will consolidate the performance of Makro in such portion.
As of June 30, 2013, CPALL recorded investment in Makro of 67.15%; thus, assets were increased from Baht 73,445 million in 1Q13 to Baht 232,953 million in 2Q13. As of August 5, 2013 which was the last tender offer date, CPALL totally obtained Makro shares of 97.88%. On 3Q13 onwards, CPALL will consolidate the performance of Makro in such portion.
For CPALL operation, in 2Q13, due to change in accounting record of phone card sales to service income, total revenue was increased only 12.4% yoy but revenue exclude phone card was increased by 15.9% from new stores opening of 8.3% and SSS growth of 7.6%. SSS growth was partly impacted by seasonally heavy rainfall.
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