Siamgas and Petrochemicals Public : Financial Statement

SIAMGAS AND PETROCHEMICALS 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 Siamgas and Petrochemicals Public Company Limited

I have reviewed the interim consolidated financial information of Siamgas and Petrochemicals Public Company Limited and its subsidiaries, and the interim separate financial information of Siamgas and Petrochemicals Public Company Limited. These comprise the consolidated and separate statements of financial position as at 30 June 2022, the related consolidated and separate statements of income and 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 periods then ended, and 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.

Chaisiri Ruangritchai

Certified Public Accountant (Thailand) No. 4526

Bangkok

9 August 2022

Siamgas and Petrochemicals Public Company Limited

Statement of Financial Position

As at 30 June 2022

			Consolidated financial information	Separate financial information
			Unaudited		Audited	Unaudited		Audited
			30 June		31 December	30 June		31 December
			2022	2021		2022	2021
	Notes	Baht'000		Baht'000	Baht'000		Baht'000
Assets
Current assets
Cash and cash equivalents			2,664,835	2,611,126		224,164	222,256
Financial assets measured at fair value
through profit or loss			94,207	94,424		94,207	94,424
Trade and other receivables, net	7		6,685,367	6,209,377		604,518	315,053
Inventories, net	8		9,311,257	11,153,127		278,015	163,530
Short-term loans to related parties	21		-	-		-	498,703
Other current assets			376,893	251,542		4,943	4,436
Total current assets			19,132,559		20,319,596		1,205,847		1,298,402
Non-current assets
Investments in subsidiaries, net	9		-	-		11,062,879	11,062,879
Investments in associates	9		2,293,261	2,177,488		-	-
Investments in joint ventures	9		32,655	32,995		23,578	23,578
Long-term loans to related parties	21		911,841	913,312		4,074,920	4,217,753
Investment property, net			167,185	166,403		1,341,414	1,284,683
Property, plant and equipment, net	10		22,770,331	22,579,109		6,154,107	6,220,086
Right-of-use assets, net	11		1,102,368	1,154,654		145,286	174,388
Goodwill, net			2,723,956	2,723,956		-	-
Intangible assets, net	10		69,371	79,298		2,093	2,821
Deferred tax assets, net			123,113	91,855		-	-
Other non-current assets	12		755,830	655,343		897,972	756,090
Total non-current assets			30,949,911		30,574,413		23,702,249		23,742,278
Total assets			50,082,470		50,894,009		24,908,096		25,040,680

Director _______________________________________

Director _______________________________________

The notes to the interim financial information from pages 14 to 33 are an integral part of these interim financial information.

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Siamgas and Petrochemicals Public Company Limited

Statement of Financial Position

As at 30 June 2022

			Consolidated financial information	Separate financial information
			Unaudited		Audited	Unaudited		Audited
			30 June		31 December	30 June		31 December
			2022	2021		2022	2021
	Notes	Baht'000		Baht'000	Baht'000		Baht'000
Liabilities and equity
Current liabilities
Short-term borrowings
from financial institutions, net	13		4,075,688	5,574,135		980,000	1,380,000
Trade and other payables	14		7,511,155	7,548,185		466,574	444,285
Current portion of lease liabilities, net			51,786	52,755		14,606	19,157
Current portion of derivatives liabilities			-	239		-	239
Current portion of long-term loans
from financial institutions, net	15		544,379	638,931		268,000	311,600
Current portion of bonds, net	16		1,998,534	2,999,577		1,998,534	2,999,577
Accrued income tax			280,890	427,756		-	-
Other current liabilities			83,244	96,710		20,504	19,563
Total current liabilities			14,545,676		17,338,288		3,748,218		5,174,421
Non-current liabilities
Lease liabilities, net			574,728	583,677		69,942	76,852
Derivative liabilities			6,691	5,033		340	-
Long-term loans from financial
institutions, net	15		1,012,893	1,269,072		380,000	514,000
Long-term loans from related parties	21		-	-		1,730,959	1,781,383
Bonds, net	16		9,971,731	7,984,455		9,971,731	7,984,455
Cylinder deposits			6,082,462	5,911,874		1,489,668	1,414,167
Employee benefit obligations			271,494	274,889		107,112	104,957
Deferred tax liabilities, net			650,586	642,544		118,060	118,066
Other non-current liabilities			92,495	91,222		2,464	2,455
Total non-current liabilities			18,663,080		16,762,766		13,870,276		11,996,335
Total liabilities			33,208,756		34,101,054		17,618,494		17,170,756

The notes to the interim financial information from pages 14 to 33 are an integral part of these interim financial information.

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Siamgas and Petrochemicals Public Company Limited

Statement of Financial Position

As at 30 June 2022

			Consolidated financial information	Separate financial information
			Unaudited		Audited	Unaudited		Audited
			30 June		31 December	30 June		31 December
			2022	2021		2022	2021
	Note	Baht'000		Baht'000	Baht'000		Baht'000
Liabilities and equity (continued)
Equity
Share capital
Authorised share capital
1,837,863,000 ordinary shares
with a par value of Baht 0.50 each			918,932	918,932		918,932	918,932
Issued and paid-up share capital
1,837,863,000 ordinary shares,
fully paid-up of Baht 0.50 each			918,932	918,932		918,932	918,932
Premium on share capital			1,874,482	1,874,482		1,874,482	1,874,482
Retained earnings
Appropriated - Legal reserve			162,089	162,089		162,089	162,089
Unappropriated			12,403,051	12,707,764		3,444,492	4,024,814
Other components of equity	20		1,112,040	743,603		889,607	889,607
Equity attributable to owners
of the parent			16,470,594	16,406,870		7,289,602	7,869,924
Non-controlling interests			403,120	386,085		-	-
Total equity			16,873,714		16,792,955		7,289,602		7,869,924
Total liabilities and equity			50,082,470		50,894,009		24,908,096		25,040,680

The notes to the interim financial information from pages 14 to 33 are an integral part of these interim financial information.

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