Cal Comp Electronics Thailand : 2022 Q2 Consolidated Interim Financial Statements

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

2

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.

3

The accompanying notes to interim

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

4