Financial Highlights

Consolidated Income Statement

Figures in THBmn

2018 2019 2020
Operating Revenue 10,182 11,130 12,589
Gross profit 4,390 4,578 4,986
Selling and Admin. exp (SGA) 3,052 3,176 3,299
SGA (% to revenue) 30.0% 28.5% 26.2%
Net Profit (Adjusted) of core business1 1,186 1,293 1,477
(% to revenue) 11.7% 11.6% 11.7%
 Profit from sale of land  62
 Long term employee benefit  (41)
 Net foreign exchange gain/(loss)  (15) (78) 18
 Net losses from new businesses2  (26) (36) (107)
 Net profits  1,206 1,139 1,388
 Operating cash inflow  910 1,495 1,629
 % to net profits  75.4% 131.3% 117.4%
 Cash cycle (days)  136 129 126
       
Revenue by segments 2018 2019 2020
Mega We Care  business 5,268 5,476 5,848
Maxxcare business 4,631 5,414 6,502
OEM 283 239 239

 

Consolidated Balance Sheet

Figures in THBmn

Dec'18 Dec'19 Dec'20
Cash and bank balances3 1,134 1,455 1,218
Trade accounts receivable 2,495 2,539 2,507
Inventories 2,586 2,856 3,475
Property, plant and equipment4 1,460 1,802 1,985
Intangible assets5 1,019 992 1,312
Other assets 913 889 1,093
Total Assets 9,606 10,533 11,590
Debt 960 888 499
Trade Payables 1,691 2,020 2,048
Other Liabilities 1,232 1,450 2,064
Total Outside Liabilities 3,882 4,358 4,611
Shareholder Equity 5,724 6,175 6,979
Total Liabilities and Equity 9,606 10,533 11,590
       
Key Balance Sheet elements 2018 2019 2020
Net cash/(debt) (THBmn) 174 567 718
Net investment capex6 (THBmn) 760 540 646
Net debt/Equity (times) (0.03) (0.09) (0.10)

  1. Net profit (Adjusted) are net profit adjusted for non-recurring items, forex gains or losses, impacts from newly started businesses (includes startups and projects with gestation) to reflect normal business performance.
  2. Net losses from new businesses in 2020 includes impact of TH 41mn arising from termination of a joint venture and losses from newly acquired subsidiary in Indonesia amounting to THB 31.5mn; for more details, please see the MD&A FY20.
  3. Cash and bank balances as at balance sheet dates include non - restricted term deposits with banks.
  4. Property, plant and equipment includes assets classified as investment property in audited financial statement.
  5. Intangible assets includes goodwill arising from business combination in 2016 and 2020.
  6. Net investment capex includes investment in property plant and equipments, business acquisitions and investment in joint ventures and associates.