ESSO (THAILAND) PUBLIC COMPANY LIMITED
INTERIM CONSOLIDATED AND SEPARATE FINANCIAL INFORMATION (UNAUDITED)
30 SEPTEMBER 2020
AUDITOR'S REPORT ON THE REVIEW OF THE INTERIM FINANCIAL INFORMATION
To the Shareholders and the Board of Directors of Esso (Thailand) Public Company Limited
I have reviewed the interim consolidated financial information of Esso (Thailand) Public Company Limited and its subsidiaries, and the interim separate financial information of Esso (Thailand) Public Company Limited. These comprise the consolidated and separate statements of financial position as at 30 September 2020, the consolidated and separate statements of comprehensive income for the three-month and nine-month periods then ended, the related consolidated and separate statements of changes in equity and cash flows for the nine-month period then ended, and the condensed notes to the interim financial information. Management is responsible for the preparation and presentation of this interim consolidated and separate financial information in accordance with Thai Accounting Standard 34, "Interim Financial Reporting". My responsibility is to express a conclusion on this interim consolidated and separate financial information based on my review.
Scope of review
I conducted my review in accordance with the 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 consolidated and separate financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard 34, "Interim Financial Reporting".
PricewaterhouseCoopers ABAS Ltd.
Pongthavee Ratanakoses
Certified Public Accountant (Thailand) No. 7795
Bangkok
5 November 2020
Esso (Thailand) Public Company Limited
Statement of Financial Position
As at 30 September 2020
(All amounts in Baht thousand unless otherwise stated)
Consolidated | Separate | ||||||||
financial information | financial information | ||||||||
Unaudited | Audited | Unaudited | Audited | ||||||
30 September | 31 December | 30 September | 31 December | ||||||
Notes | 2020 | 2019 | 2020 | 2019 | |||||
Assets | |||||||||
Current assets | |||||||||
Cash and cash equivalents | 352,034 | 276,683 | 352,034 | 276,683 | |||||
Trade receivables, net | 8 | 4,316,053 | 6,464,042 | 4,316,053 | 6,464,042 | ||||
Amounts due from related parties | 14 f | - | - | 90,587 | 50,526 | ||||
Inventories, net | 12,265,717 | 19,085,170 | 12,265,717 | 19,085,170 | |||||
Other receivables, net | 2,194,302 | 1,377,578 | 2,194,302 | 1,377,578 | |||||
Other current assets | 4 | 1,717,681 | 4,774,725 | 1,868,749 | 4,957,208 | ||||
Total current assets | 20,845,787 | 31,978,198 | 21,087,442 | 32,211,207 | |||||
Non-current assets | |||||||||
Financial assets measured at fair value | |||||||||
through other comprehensive income | 4, 7 | 922,500 | - | 922,500 | - | ||||
Available-for-sale investments | 4, 7 | - | 1,350,000 | - | 1,350,000 | ||||
Investments in an associate | 2,068,424 | 2,206,905 | 1,729,360 | 1,729,360 | |||||
Investments in subsidiaries | - | - | 114,589 | 114,589 | |||||
Long-term loans to related parties | 14 g | - | - | 3,352,830 | 3,251,419 | ||||
Property, plant and equipment, net | 10 | 24,866,010 | 25,599,800 | 20,661,120 | 21,394,910 | ||||
Right-of-use assets, net | 4, 10 | 4,315,999 | - | 4,377,486 | - | ||||
Intangible assets, net | 10 | 184,697 | 181,174 | 184,697 | 181,174 | ||||
Deferred income tax assets, net | 3,751,550 | 1,500,999 | 3,642,221 | 1,388,763 | |||||
Prepaid rental and deferred charges | 4 | 282,699 | 1,725,830 | 530,826 | 2,118,327 | ||||
Other non-current assets | 2,064,696 | 1,699,723 | 2,064,696 | 1,699,723 | |||||
Total non-current assets | 38,456,575 | 34,264,431 | 37,580,325 | 33,228,265 | |||||
Total assets | 59,302,362 | 66,242,629 | 58,667,767 | 65,439,472 |
Director …………………………………………………
The accompanying notes on pages 10 to 23 form part of this interim financial information.
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Esso (Thailand) Public Company Limited
Statement of Financial Position
As at 30 September 2020
(All amounts in Baht thousand unless otherwise stated)
Consolidated | Separate | ||||||||
financial information | financial information | ||||||||
Unaudited | Audited | Unaudited | Audited | ||||||
30 September | 31 December | 30 September | 31 December | ||||||
Notes | 2020 | 2019 | 2020 | 2019 | |||||
Liabilities and equity | |||||||||
Current liabilities | |||||||||
Bank overdrafts and short-term borrowings | |||||||||
from financial institutions | 11 | 6,120,000 | 6,488,377 | 6,120,000 | 6,488,377 | ||||
Trade and other payables | 4,817,905 | 5,020,169 | 4,817,902 | 5,019,720 | |||||
Amounts due to related parties | 14 f | 4,716,210 | 8,091,234 | 4,716,077 | 8,101,318 | ||||
Current portion of long-term borrowings | |||||||||
from financial institutions | 11 | 1,983,333 | 1,466,667 | 1,983,333 | 1,466,667 | ||||
Current portion of long-term borrowings | |||||||||
from related parties | 14 h | 3,333,333 | 1,633,333 | 3,333,333 | 1,633,333 | ||||
Short-term loans from related parties | 14 h | 10,293,400 | 13,188,379 | 10,294,273 | 13,189,278 | ||||
Current income tax payables | 930 | 632 | - | - | |||||
Current portion of lease liabilities | 4 | 387,871 | - | 413,606 | - | ||||
Short-term provisions for employee benefits | 875,902 | 787,070 | 875,902 | 787,070 | |||||
Total current liabilities | 32,528,884 | 36,675,861 | 32,554,426 | 36,685,763 | |||||
Non-current liabilities | |||||||||
Long-term borrowings | |||||||||
from financial institutions | 11 | 2,200,000 | 1,816,667 | 2,200,000 | 1,816,667 | ||||
Long-term loans from related parties | 14 h | 5,425,000 | 2,350,000 | 5,426,417 | 2,350,756 | ||||
Lease liabilities | 4 | 2,419,635 | - | 2,449,433 | - | ||||
Long-term provisions | |||||||||
for employee benefits | 3,297,208 | 3,280,326 | 3,297,208 | 3,280,326 | |||||
Other non-current liabilities | 5 | 1,845 | 5 | 1,845 | |||||
Total non-current liabilities | 13,341,848 | 7,448,838 | 13,373,063 | 7,449,594 | |||||
Total liabilities | 45,870,732 | 44,124,699 | 45,927,489 | 44,135,357 |
The accompanying notes on pages 10 to 23 form part of this interim financial information.
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Esso Thailand pcl published this content on 12 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2020 02:52:03 UTC