Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries
Review report and interim financial information
For the three-month and six-month periods ended 30 June 2022
Independent Auditor's Report on Review of Interim Financial Information
To the Shareholders of Cal-Comp Electronics (Thailand) Public Company Limited
I have reviewed the accompanying consolidated statement of financial position of Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries as at 30 June 2022, the related consolidated statements of income and comprehensive income for the three-month and six-month periods then ended, and the related consolidated statements of changes in shareholders' equity and cash flows for the six-month period then ended, which are presented in US Dollar and Thai Baht, as well as the condensed notes to the interim consolidated financial statements. I have also reviewed the separate financial information of Cal-Comp Electronics (Thailand) Public Company Limited for the same periods (collectively "interim financial information"). Management is responsible for the preparation and presentation of this interim financial information in accordance with Thai Accounting Standard 34 Interim Financial Reporting. My responsibility is to express a conclusion on this interim financial information based on my review.
Scope of review
I conducted my review in accordance with 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 financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard 34 Interim Financial Reporting.
Emphasis of matter
I draw attention to Note 2 to the interim consolidated financial statements; the Company has substantial product sale and raw material purchase transactions with its subsidiaries and related companies. My conclusion is not modified in respect of this matter.
Rosaporn Decharkom
Certified Public Accountant (Thailand) No. 5659
EY Office Limited
Bangkok: 10 August 2022
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Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries | |||||||||
Statements of financial position | |||||||||
As at 30 June 2022 | |||||||||
(Unit: Thousand US Dollar) | (Unit: Thousand Baht) | ||||||||
Consolidated financial statements | Consolidated financial statements | ||||||||
Note | 30 June 2022 | 31 December 2021 | 30 June 2022 | 31 December 2021 | |||||
(Unaudited | (Audited) | (Unaudited | (Audited) | ||||||
but reviewed) | but reviewed) | ||||||||
Assets | |||||||||
Current assets | |||||||||
Cash and cash equivalents | 224,012 | 189,470 | 7,906,941 | 6,332,053 | |||||
Trade and other receivables | 2, 3 | 871,477 | 645,501 | 30,760,515 | 21,572,581 | ||||
Inventories | 855,376 | 798,469 | 30,192,215 | 26,684,763 | |||||
Advances payment for raw materials and molds | 48,943 | 9,501 | 1,727,525 | 317,559 | |||||
Other current financial assets | 3,326 | 927 | 117,409 | 30,971 | |||||
Other current assets | 152,853 | 154,698 | 5,395,236 | 5,169,977 | |||||
Assets held for sale | 4 | - | 3,856 | - | 128,869 | ||||
Total current assets | |||||||||
2,155,987 | 1,802,422 | 76,099,841 | 60,236,773 | ||||||
Non-current assets | |||||||||
Restricted bank deposits | 313 | 329 | 11,043 | 10,981 | |||||
Other non-current financial assets | 1,745 | 1,745 | 61,523 | 58,334 | |||||
Investments in associates | 5.1 | 56,299 | 52,793 | 1,987,205 | 1,764,352 | ||||
Property, plant and equipment | 7 | 517,218 | 497,806 | 18,256,244 | 16,636,614 | ||||
Right-of-use assets | 22,024 | 19,047 | 777,395 | 636,542 | |||||
Intangible assets | 21,093 | 22,328 | 744,534 | 746,208 | |||||
Deferred tax assets | 5,376 | 5,118 | 189,764 | 171,048 | |||||
Plan assets for long-term employee benefits | 1,977 | 1,913 | 69,771 | 63,935 | |||||
Other non-current assets | 24,701 | 15,703 | 871,875 | 524,776 | |||||
Total non-current assets | |||||||||
650,746 | 616,782 | 22,969,354 | 20,612,790 | ||||||
Total assets | |||||||||
2,806,733 | 2,419,204 | 99,069,195 | 80,849,563 | ||||||
The accompanying notes to interim consolidated financial statements are an integral part of the financial statements.
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Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries | ||||||||||
Statements of financial position (continued) | ||||||||||
As at 30 June 2022 | ||||||||||
(Unit: Thousand US Dollar) | (Unit: Thousand Baht) | |||||||||
Consolidated financial statements | Consolidated financial statements | |||||||||
Note | 30 June 2022 | 31 December 2021 | 30 June 2022 | 31 December 2021 | ||||||
(Unaudited | (Audited) | (Unaudited | (Audited) | |||||||
but reviewed) | but reviewed) | |||||||||
Liabilities and shareholders' equity | ||||||||||
Current liabilities | ||||||||||
Short-term loans from financial institutions | 8 | 644,617 | 633,279 | 22,753,043 | 21,164,107 | |||||
Trade and other payables | 2, 9 | 1,079,838 | 946,228 | 38,115,034 | 31,622,857 | |||||
Current portion of lease liabilities | 5,651 | 5,258 | 199,447 | 175,733 | ||||||
Income tax payable | 4,110 | 5,364 | 145,065 | 179,273 | ||||||
Other current financial liabilities | 2,587 | 688 | 91,302 | 22,996 | ||||||
Other current liabilities | 48,688 | 29,599 | 1,718,522 | 989,177 | ||||||
Total current liabilities | ||||||||||
1,785,491 | 1,620,416 | 63,022,413 | 54,154,143 | |||||||
Non-current liabilities | ||||||||||
Long-term loans, net of current portion | 10 | 419,265 | 199,180 | 14,798,799 | 6,656,585 | |||||
Lease liabilities, net of current portion | 15,762 | 12,988 | 556,340 | 434,070 | ||||||
Provision for long-term employee benefits | 12,873 | 11,845 | 454,385 | 395,856 | ||||||
Deferred tax liabilities | 361 | 394 | 12,743 | 13,169 | ||||||
Other non-current liabilities | 3,202 | 3,106 | 113,013 | 103,781 | ||||||
Provision for transaction under equity method | ||||||||||
of investments in associates | 5.1 | 32,707 | 32,794 | 1,154,444 | 1,095,969 | |||||
Total non-current liabilities | ||||||||||
484,170 | 260,307 | 17,089,724 | 8,699,430 | |||||||
Total liabilities | ||||||||||
2,269,661 | 1,880,723 | 80,112,137 | 62,853,573 | |||||||
Shareholders' equity | ||||||||||
Share capital | 11, 12 | |||||||||
Registered share capital | ||||||||||
5,625,920,928 ordinary shares of Baht 1 each | ||||||||||
(31 December 2021: 5,177,872,247 ordinary shares of Baht 1 each) | 172,858 | 159,812 | 5,625,921 | 5,177,872 | ||||||
Issued and fully paid-up share capital | ||||||||||
5,384,534,542 ordinary shares of Baht 1 each | ||||||||||
(31 December 2021: 4,959,735,333 ordinary shares of Baht 1 each) | 165,923 | 153,284 | 5,384,535 | 4,959,735 | ||||||
Share premium | 105,703 | 105,348 | 3,429,588 | 3,417,457 | ||||||
Capital reserve for share-based payment transactions | 12 | 10,269 | 10,115 | 328,344 | 323,170 | |||||
Capital surplus from change in shareholding in the subsidiaries | 2,431 | 2,431 | 78,898 | 78,898 | ||||||
Retained earnings | ||||||||||
Appropriated - statutory reserve | 15,959 | 15,959 | 517,787 | 517,787 | ||||||
Unappropriated | 310,414 | 313,937 | 10,082,633 | 10,203,570 | ||||||
Other components of shareholders' equity | (78,985) | (67,549) | (1,053,859) | (1,670,268) | ||||||
Equity attributable to owners of the Company | 531,714 | 533,525 | 18,767,926 | 17,830,349 | ||||||
Non-controlling interests of the subsidiaries | 5,358 | 4,956 | 189,132 | 165,641 | ||||||
Total shareholders' equity | ||||||||||
537,072 | 538,481 | 18,957,058 | 17,995,990 | |||||||
Total liabilities and shareholders' equity | ||||||||||
2,806,733 | 2,419,204 | 99,069,195 | 80,849,563 | |||||||
- | - | - | - |
consolidated financial statements are an integral part of the financial statements.
Directors
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CCET – Cal-Comp Electronics (Thailand) pcl published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 05:23:02 UTC.