Esso Thailand Public : Financial Statement Quarter 2/2022

ESSO (THAILAND) PUBLIC COMPANY LIMITED

INTERIM CONSOLIDATED AND SEPARATE FINANCIAL INFORMATION (UNAUDITED)

30 JUNE 2022

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 June 2022, the consolidated and separate statements of comprehensive income for the three-month and six-month periods then ended, the related consolidated and separate statements of changes in equity, and cash flows for the six-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.

Amornrat Pearmpoonvatanasuk

Certified Public Accountant (Thailand) No. 4599

Bangkok

5 August 2022

Esso (Thailand) Public Company Limited

Statement of Financial Position

As at 30 June 2022

(All amounts in Baht thousand unless otherwise stated)

			Consolidated	Separate
			financial information	financial information
			Unaudited		Audited	Unaudited		Audited
			30 June		31 December	30 June		31 December
	Notes	2022	2021		2022	2021
Assets
Current assets
Cash and cash equivalents			1,305,042	801,746		1,305,042	801,746
Trade receivables	6		9,486,113	8,171,239		9,486,113	8,171,239
Amounts due from related parties	12 f	15	15		47,004	47,014
Inventories			34,000,373	18,785,977		34,000,373	18,785,977
Other receivables			13,314,767	4,151,729		13,314,767	4,151,729
Other current assets			1,675,853	1,873,547		1,822,296	2,003,929
Total current assets			59,782,163		33,784,253		59,975,595		33,961,634
Non-current assets
Financial asset measured at fair value
through other comprehensive income	5		1,293,750	1,147,500		1,293,750	1,147,500
Investments in an associate			2,037,600	2,094,717		1,729,360	1,729,360
Investments in subsidiaries			-	-		114,589	114,589
Long-term loans to related parties	12 g	-	-		3,591,542	3,553,483
Property, plant and equipment	8		23,064,760	23,705,650		18,879,977	19,520,867
Right-of-use assets	8		4,236,290	4,304,886		4,253,416	4,334,832
Intangible assets	8		150,786	152,686		150,786	152,686
Deferred income tax assets			599,634	2,360,748		489,353	2,250,931
Prepaid rental and deferred charges			115,342	149,534		151,396	249,347
Other non-current assets			2,574,037	2,354,629		2,571,902	2,354,629
Total non-current assets			34,072,199		36,270,350		33,226,071		35,408,224
Total assets			93,854,362		70,054,603		93,201,666		69,369,858

Director …………………………………………………

The accompanying notes form part of this interim financial information.

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Esso (Thailand) Public Company Limited

Statement of Financial Position

As at 30 June 2022

(All amounts in Baht thousand unless otherwise stated)

			Consolidated	Separate
			financial information	financial information
			Unaudited		Audited	Unaudited		Audited
			30 June		31 December	30 June		31 December
	Notes	2022	2021		2022	2021
Liabilities and equity
Current liabilities
Bank overdrafts and short-term borrowings
from financial institutions	9		2,133,093	7,899,982		2,133,093	7,899,982
Trade and other payables			4,445,579	5,117,306		4,445,533	5,116,809
Amounts due to related parties	12 f	27,257,130	10,588,460		27,256,960	10,588,275
Current portion of long-term borrowings
from financial institutions	9		1,500,400	1,717,067		1,500,400	1,717,067
Current portion of long-term loans
from related parties	12 h	3,833,333	3,950,000		3,833,333	3,950,000
Short-term loans from related parties	12 h	11,874,697	11,423,386		11,875,518	11,424,236
Current income tax payables			1,746,243	289		1,746,229	-
Current portion of lease liabilities			468,435	438,314		472,935	464,366
Short-term provisions for employee benefits			894,747	872,943		894,747	872,943
Total current liabilities			54,153,657		42,007,747		54,158,748		42,033,678
Non-current liabilities
Long-term borrowings from
financial institutions	9		499,200	1,249,400		499,200	1,249,400
Long-term loans from related parties	12 h	833,334	2,750,000		834,705	2,751,259
Lease liabilities			2,380,510	2,399,499		2,380,510	2,403,965
Long-term provisions for employee benefits			2,463,959	2,439,614		2,463,959	2,439,614
Other non-current liabilities			5	5		5	5
Total non-current liabilities			6,177,008		8,838,518		6,178,379		8,844,243
Total liabilities			60,330,665		50,846,265		60,337,127		50,877,921

The accompanying notes form part of this interim financial information.

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Esso (Thailand) Public Company Limited

Statement of Financial Position

As at 30 June 2022

(All amounts in Baht thousand unless otherwise stated)

	Consolidated	Separate
	financial information	financial information
	Unaudited		Audited	Unaudited		Audited
	30 June		31 December	30 June		31 December
	2022	2021		2022	2021
Liabilities and equity (continued)
Equity
Share capital
Authorised share capital
3,467,916,666 ordinary shares
with par value
of Baht 4.9338 each	17,110,007	17,110,007		17,110,007	17,110,007
Issued and paid-up share capital
3,460,858,000 ordinary shares
with paid-up value
of Baht 4.9338 each	17,075,181	17,075,181		17,075,181	17,075,181
Share premium	4,031,711	4,031,711		4,031,711	4,031,711
Retained earnings (deficits)
Appropriated
Legal reserve	1,000,901	1,000,901		1,000,901	1,000,901
Unappropriated	10,560,583	(3,637,776)		9,901,614	(4,353,988)
Other components of equity	847,887	730,887		855,132	738,132
Equity attributable to owners of the parent	33,516,263		19,200,904		32,864,539		18,491,937
Non-controlling interests	7,434	7,434		-	-
Total equity	33,523,697		19,208,338		32,864,539		18,491,937
Total liabilities and equity	93,854,362		70,054,603		93,201,666		69,369,858

The accompanying notes form part of this interim financial information.

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