Financial Highlights

Consolidated Income Statement

Figures in THBmn

2017 2018 2019
Operating Revenue 9,466 10,182 11,130
Gross profit 4,189 4,390 4,578
Selling and Admin. exp (SGA) 2,838 3,052 3,176
SGA (% to revenue) 30.0% 30.0% 28.5%
Net Profit (Adjusted) of core business2 1,110 1,120 1,287
(% to revenue) 11.7% 11.0% 11.6%
Profit from sale of land - 62 -
Long term employee benefit - - (41)
Net foreign exchange gain/(loss) (72) (15) (78)
OEM profits 101 67 7
Net losses from new businesses (26) (26) (36)
Net profits 1,113 1,206 1,139
Operating cash inflow 927 910 1,495
% to net profits 83.3% 75.4% 131.3%
Cash cycle (days) 123 136 129
       
Revenue by segments 2017 2018 2019
Mega We Care business 4,955 5,268 5,476
Maxxcare business 4,044 4,631 5,414
OEM 467 283 239

 

Consolidated Balance Sheet

Figures in THBmn

Dec'17 Dec'18 Dec'19
Cash and bank balances3 1,174 1,134 1,455
Trade accounts receivable 2,520 2,495 2,539
Inventories 2,219 2,586 2,856
Property, plant and equipment4 1,221 1,460 1,802
Intangible assets5 734 1,019 992
Other assets 852 913 889
Total Assets 8,720 9,606 10,533
Debt 512 960 890
Trade Payables 1,598 1,691 2,020
Other Liabilities 1,365 1,232 1,448
Total Outside Liabilities 3,475 3,882 4,358
Shareholder Equity 5,244 5,724 6,175
Total Liabilities and Equity 8,720 9,606 10,533
       
Key Balance Sheet elements 2017 2018 2019
Net cash/(debt) (THBmn) 662 174 565
Net investment capex6 (THBmn) 307 760 540
Net debt/Equity (times) (0.13) (0.03) (0.09)

  1. Pursuant to TFRS 15, Revenue from contracts with customers, previous year numbers between operating revenue, SG&A and interest income are re-classified.
  2. 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) and profits from non-core business (OEM), to reflect normal business performance.
  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 acquisition of Bio-Life Marketing Sdn. Bhd., a company based out of Malaysia.
  6. Net investment capex includes investment in property plant and equipments, business acquisitions and investment in joint ventures and associates.