TOTAL REVENUES
(Unit: Million Baht)
TOTAL ASSETS
(Unit: Million Baht)
NET PROFIT
(Unit: Million Baht)

Consolidated Income Statement

Figures in THBmn

2019 2020 2021
Operating Revenue 11,130 12,589 14,136
Gross profit 4,578 4,986 5,911
Selling and Admin. exp (SGA) 3,176 3,299 3,769
SGA (% to revenue) 28.5% 26.2% 26.7%
Net Profit (Adjusted) of core business1 1,293 1,462 1,882
(% to revenue) 11.6% 11.6% 13.3%
 Long term employee benefit  (41) -
 Net foreign exchange gain/(loss)  (78) 18 119
 Net losses from new businesses2  (36) (91) (60)
 Net profits  1,139 1,388 1,941
 Operating cash inflow  1,495 1,629 2,727
 % to net profits  131.3% 117.4% 140.5%
 Cash cycle (days)  129 126 124
Revenue by segments 2019 2020 2021
Mega We Care  business 5,476 5,848 6,909
Maxxcare business 5,414 6,502 6,906
OEM 239 239 320

Consolidated Balance Sheet

Figures in THBmn

Dec'19 Dec'20 Dec'21
Cash and bank balances3 1,455 1,218 2,531
Trade accounts receivable 2,539 2,507 2,557
Inventories 2,868 3,489 3,823
Property, plant and equipment4 1,802 1,985 1,874
Intangible assets5 992 1,312 1,353
Other assets 877 1,046 1,134
Total Assets 10,533 11,557 13,272
Debt 888 499 168
Trade Payables 2,020 2,048 2,527
Other Liabilities 1,450 2,031 2,552
Total Outside Liabilities 4,358 4,578 5,247
Shareholder Equity 6,175 6,979 8,025
Total Liabilities and Equity 10,533 11,557 13,272
Key Balance Sheet elements Dec'19 Dec'20 Dec'21
Net cash/(debt) (THBmn) 567 718 2,363
Net investment capex6 (THBmn) 540 646 142
Net debt/Equity (times) (0.09) (0.10) (0.32)

Remark:

  • 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.
  • Cash and bank balances as at balance sheet dates include non - restricted term deposits with banks.
  • Property, plant and equipment includes assets classified as investment property in audited financial statement.
  • Intangible assets includes goodwill arising from business combination in 2016 and 2020.
  • Net investment capex includes investment in property plant and equipments, business acquisitions and investment in joint ventures and associates.