Bangkok Dusit Medical Services Public Company Limited and its subsidiaries
Review report and interim financial information For the three-month and nine-month periods ended 30 September 2021
Independent Auditor's Report on Review of Interim Financial Information
To the Shareholders of Bangkok Dusit Medical Services Public Company Limited
I have reviewed the accompanying consolidated statement of financial position of Bangkok Dusit Medical Services Public Company Limited and its subsidiaries ("the Group") as at 30 September 2021, the related consolidated statements of income and comprehensive income for the three- month and nine-month periods then ended, the related consolidated statements of changes in shareholders' equity and cash flows for the nine-month period then ended, as well as the condensed notes to the interim consolidated financial statements. I have also reviewed the separate financial information of Bangkok Dusit Medical Services Public Company Limited for the same period (collectively "interim financial information"). Management is responsible for the preparation and presentation of this interim financial information in accordance with Thai Accounting Standard No. 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 No. 34 Interim Financial Reporting.
Emphasis of matter
I draw attention to Note 1.2 to the interim consolidated financial statements. The COVID-19 Pandemic is adversely impacting most businesses and industries. This situation may bring uncertainties and have an impact on the environment in which the group operates. The Group's management has continuously monitored ongoing developments and assessed the financial impact in respect of the valuation of assets, provisions and contingent liabilities, and has used estimates and judgement in respect of various issues as the situation has evolved.
My conclusion is not modified in respect of this matter.
Wichart Lokatekrawee
Certified Public Accountant (Thailand) No. 4451
EY Office Limited
Bangkok: 10 November 2021
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Bangkok Dusit Medical Services Public Company Limited and its subsidiaries | |||||
Statement of financial position | |||||
As at 30 September 2021 | |||||
(Unit: Thousand Baht) | |||||
Consolidated financial statements | Separate financial statements | ||||
As at | As at | As at | As at | ||
Note | 30 September 2021 31 December 2020 30 September 2021 31 December 2020 | ||||
(Unaudited | (Audited) | (Unaudited | (Audited) | ||
but reviewed) | but reviewed) | ||||
Assets | |||||
Current assets | |||||
Cash and cash equivalents | 11,226,002 | 19,666,366 | 8,778,600 | 17,332,843 | |
Trade and other receivables | 2, 3 | 8,908,070 | 7,191,782 | 1,027,177 | 943,514 |
Short-term loans to subsidiaries | 3 | - | - | 3,109,094 | 3,350,769 |
Inventories | 1,832,767 | 1,855,166 | 113,993 | 100,517 | |
Current portion of other non-current | |||||
financial assets | 5.2 | 19,000 | - | - | - |
Other current financial assets | 4 | 1,634,550 | 1,272,926 | 85 | 85 |
Other current assets | 716,831 | 26,565 | 143,626 | - | |
Total current assets | 24,337,220 | 30,012,805 | 13,172,575 | 21,727,728 | |
Non-current assets | |||||
Restricted financial institution deposits | 4,590 | 5,276 | - | - | |
Other non-current financial assets | 5 | 623,598 | 603,490 | 369,758 | 303,393 |
Investments in associates | 6 | 932,953 | 938,546 | 70,815 | 70,815 |
Investments in subsidiaries | 7 | - | - | 57,997,895 | 57,997,643 |
Long-term loans to subsidiaries | 3 | - | - | 830,382 | 854,622 |
Investment properties | 363,273 | 363,248 | 742,084 | 742,059 | |
Property, premises and equipment | 8 | 79,996,234 | 81,313,253 | 13,377,809 | 13,780,218 |
Right-of-use assets | 9 | 3,005,566 | 3,314,807 | 771,263 | 862,806 |
Goodwill | 17,538,869 | 17,538,869 | - | - | |
Intangible assets | 1,334,209 | 1,355,627 | 689,500 | 685,520 | |
Deferred tax assets | 100,281 | 92,924 | - | - | |
Other non-current assets | 3 | 605,058 | 511,406 | 32,829 | 30,961 |
Total non-current assets | 104,504,631 | 106,037,446 | 74,882,335 | 75,328,037 | |
Total assets | 128,841,851 | 136,050,251 | 88,054,910 | 97,055,765 |
The accompanying notes are an integral part of the financial statements.
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Bangkok Dusit Medical Services Public Company Limited and its subsidiaries | |||||
Statement of financial position (continued) | |||||
As at 30 September 2021 | |||||
(Unit: Thousand Baht) | |||||
Consolidated financial statements | Separate financial statements | ||||
As at | As at | As at | As at | ||
Note | 30 September 2021 31 December 2020 30 September 2021 31 December 2020 | ||||
(Unaudited | (Audited) | (Unaudited | (Audited) | ||
but reviewed) | but reviewed) | ||||
Liabilities and shareholders' equity | |||||
Current liabilities | |||||
Trade and other payables | 3, 11 | 4,559,908 | 4,450,043 | 663,919 | 809,807 |
Accrued expenses | 3 | 5,003,616 | 3,709,802 | 878,359 | 755,129 |
Current portion of long-term liabilities | |||||
- Long-term loans from financial institutions | 12 | - | 107,467 | - | 107,467 |
- Liabilities under lease agreements | 13 | 179,335 | 319,831 | 55,606 | 126,883 |
- Debentures | 14 | 3,099,744 | - | 3,099,744 | - |
Short-term loans from non-related parties | 74,400 | 82,600 | - | - | |
Short-term loans from subsidiaries | 3 | - | - | 12,170,656 | 11,296,481 |
Dividend payable | 4,063,836 | 107,408 | 4,014,395 | 63,746 | |
Income tax payable | 590,855 | 1,705,088 | - | 1,102,126 | |
Deferred income - membership due within one yea | 162,216 | 185,460 | 89,690 | 102,734 | |
Other current financial liabilities | 15 | - | 7,206 | - | 7,206 |
Other current liabilities | 1,397,804 | 545,446 | 281,288 | 122,169 | |
Total current liabilities | 19,131,714 | 11,220,351 | 21,253,657 | 14,493,748 | |
Non-current liabilities | |||||
Long-term loans from financial insitutions | 12 | 1,000,000 | 6,000,000 | 1,000,000 | 6,000,000 |
Liabilities under lease agreements | 3, 13 | 3,084,288 | 3,141,862 | 570,764 | 582,735 |
Debentures | 14 | 11,495,724 | 14,593,850 | 11,495,724 | 14,593,850 |
Provision for life long medical care programs | 1,292,709 | 1,287,272 | 1,116,823 | 1,117,091 | |
Provision for employee benefits | 4,651,412 | 4,394,895 | 1,472,440 | 1,403,897 | |
Deferred income - membership | 498,889 | 561,520 | 116,052 | 140,463 | |
Deferred tax liabilities | 3,100,998 | 3,324,432 | 168,134 | 179,145 | |
Other non-current liabilities | 3 | 72,692 | 63,370 | 33,186 | 31,938 |
Total non-current liabilities | 25,196,712 | 33,367,201 | 15,973,123 | 24,049,119 | |
Total liabilities | 44,328,426 | 44,587,552 | 37,226,780 | 38,542,867 |
The accompanying notes are an integral part of the financial statements.
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Bangkok Dusit Medical Services pcl published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 03:06:05 UTC.