Tata Steel Thailand : Financial Statements for Q2-2023

Tata Steel (Thailand) Public Company Limited

Statement of Financial Position

As at 30 September 2022

			Consolidated	Separate
			financial information	financial information
			Unaudited		Audited	Unaudited	Audited
			30 September		31 March	30 September	31 March
			2022	2022		2022			2022
			Thousand		Thousand	Thousand	Thousand
	Notes	Baht		Baht	Baht	Baht
Assets
Current assets
Cash and cash equivalents	7 a)	1,245,199	1,394,730		1,140,316			920,834
Trade and other receivables, net	8		2,617,341	2,433,200		24,877			64,061
Short-term loans to a subsidiary	16 c)	-	-		-			593,294
Inventories, net			4,356,726	4,444,870		-			-
Other current assets			136,714	75,525		431			504
Total current assets			8,355,980		8,348,325		1,165,624			1,578,693
Non-current assets
Investments in subsidiaries	9		-	-		12,013,047			12,013,047
Financial assets measured at fair value
through other comprehensive income	6		304,320	304,320		-			-
Property, plant and equipment, net	10		2,337,514	2,377,862		4,248			5,219
Idle assets held-for-sale, net			262,000	262,000		-			-
Right-of-use assets, net	10		618,194	621,323		31,814			17,199
Goodwill, net			3,456,014	3,456,014		-			-
Intangible assets, net	10		25,319	25,659		11,638			12,505
Deferred tax assets, net	11		14,414	15,609		14,414			15,609
Other non-current assets			87,010	81,568		59,646			54,489
Total non-current assets			7,104,785		7,144,355		12,134,807			12,118,068
Total assets			15,460,765		15,492,680		13,300,431			13,696,761

The accompanying notes on page 13 to 31 form part of this interim financial information.

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Tata Steel (Thailand) Public Company Limited

Statement of Financial Position

As at 30 September 2022

			Consolidated			Separate
			financial information	financial information
			Unaudited	Audited	Unaudited	Audited
			30 September	31 March	30 September	31 March
			2022			2022		2022			2022
			Thousand	Thousand	Thousand	Thousand
	Notes	Baht	Baht	Baht	Baht
Liabilities and equity
Current liabilities
Short-term borrowings from
financial institutions	12		-			145,577		-			-
Trade and other payables	13		1,589,574			1,714,877		46,318			115,732
Short-term borrowings from a subsidiary	16 d)	-			-		78,852			-
Current portion of lease liabilities, net	12		34,549			31,079		11,960			8,627
Other current liabilities			45,892			31,882		4,788			7,885
Total current liabilities			1,670,015			1,923,415		141,918			132,244
Non-current liabilities
Lease liabilities, net	12		616,118			632,372		20,064			8,885
Deferred tax liabilities, net			3,019			9,870		-			-
Employee benefit obligations			323,931			346,904		65,674			71,613
Provision for decommissioning costs			410			410		410			410
Total non-current liabilities			943,478			989,556		86,148			80,908
Total liabilities			2,613,493			2,912,971		228,066			213,152

The accompanying notes on page 13 to 31 form part of this interim financial information.

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Tata Steel (Thailand) Public Company Limited

Statement of Financial Position

As at 30 September 2022

			Consolidated	Separate
			financial information	financial information
			Unaudited		Audited	Unaudited	Audited
			30 September		31 March	30 September	31 March
			2022	2022		2022			2022
	Note	Baht		Baht	Baht	Baht
Liabilities and equity (continued)
Equity
Share capital
Authorised share capital
Ordinary shares, 8,421,540,848 shares
at par value of Baht 1 each			8,421,541	8,421,541		8,421,541			8,421,541
Issued and paid-up share capital
Ordinary shares, 8,421,540,848 shares
paid-up at par value of Baht 1 each			8,421,541	8,421,541		8,421,541			8,421,541
Share premium
Ordinary shares			3,258,625	3,258,625		3,258,625			3,258,625
Expired warrants	1		130,202	130,202		130,202			130,202
Retained earnings
Appropriated - legal reserve			374,993	374,993		374,993			374,993
Unappropriated			427,696	160,817		887,004			1,298,248
Other components of equity			243,455	243,455		-			-
Equity attributable to owners
of the parent			12,856,512	12,589,633		13,072,365			13,483,609
Non-controlling interests			(9,240)	(9,924)		-			-
Total equity			12,847,272		12,579,709		13,072,365			13,483,609
Total liabilities and equity			15,460,765		15,492,680		13,300,431			13,696,761

The accompanying notes on page 13 to 31 form part of this interim financial information.

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Tata Steel (Thailand) Public Company Limited

Statement of Comprehensive Income

For the three-month period ended 30 September 2022

			Consolidated	Separate
			financial information	financial information
			Unaudited		Unaudited	Unaudited		Unaudited
			2022	2021		2022	2021
	Note	Baht		Baht	Baht		Baht
Revenue from sales and related services			7,625,377	7,894,497		-	-
Revenue from rendering services			-	-		78,494	93,617
Cost of sales and related services			(7,392,393)	(6,771,467)		-	-
Cost of rendering services			-	-		(81,367)	(91,716)
Gross profit (loss)			232,984		1,123,030		(2,873)		1,901
Other income			15,398	2,554		2,475	5,117
Selling expenses			(52,447)	(45,372)		-	-
Administrative expenses			(120,138)	(144,295)		(4,675)	(4,528)
Other expenses			-	(3,755)		(88)	(133)
Finance costs			(7,124)	(9,976)		(327)	(303)
Profit (loss) before income tax expense			68,673		922,186		(5,488)		2,054
Income tax income (expense)	14		10,585	1,027		975	(1,037)
Net profit (loss) for the period			79,258		923,213		(4,513)		1,017
Other comprehensive income (expense)
Items that will not be reclassified subsequently
to profit or loss
Remeasurements of post-employment			6,860	962		1,551	962
benefit obligations
Income tax on items that will not be reclassified
subsequently to profit or loss			(1,372)	(192)		(310)	(192)
Total items that will not be reclassified
subsequently to profit or loss			5,488	770		1,241	770
Other comprehensive income (expense)
for the period, net of tax			5,488	770		1,241	770
Total comprehensive income (expense)
for the period			84,746	923,983		(3,272)	1,787

The accompanying notes on page 13 to 31 form part of this interim financial information.

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Tata Steel (Thailand) Public Company Limited

Statement of Comprehensive Income

For the three-month period ended 30 September 2022

	Consolidated	Separate
	financial information	financial information
	Unaudited		Unaudited	Unaudited		Unaudited
	2022	2021		2022	2021
	Baht		Baht	Baht		Baht
Profit (loss) attributable to:
Owners of the Company	79,174	922,011		(4,513)	1,017
Non-controlling interests	84	1,202		-	-
	79,258		923,213		(4,513)		1,017
Total comprehensive income (expense)
attributable to:
Owners of the Company	84,657	922,781		(3,272)	1,787
Non-controlling interests	89	1,202		-	-
	84,746		923,983		(3,272)		1,787
Earnings (loss) per share
Basic earnings (loss) per share (Baht)	0.01	0.11		(0.00)	0.00

The accompanying notes on page 13 to 31 form part of this interim financial information.

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