Central Pattana : 2nd Quarter Financial Statement 2023 30 June 2023

Central Pattana Public Company Limited

and its Subsidiaries

Condensed interim financial statements

for the three-month and six-month periods ended

30 June 2023

and

Independent auditor's review report

Independent Auditor's Report on Review of Interim Financial Information

To the Board of Directors of Central Pattana Public Company Limited

I have reviewed the accompanying consolidated and separate statements of financial position of Central Pattana Public Company Limited and its subsidiaries, and of Central Pattana Public Company Limited, respectively, as at 30 June 2023; the consolidated and separate statements of comprehensive income for the three-month and six- month periods ended 30 June 2023, the consolidated and separate statement of changes in equity and cash flows for the six-month period ended 30 June 2023; and condensed notes ("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".

(Vannaporn Jongperadechanon)

Certified Public Accountant

Registration No. 4098

KPMG Phoomchai Audit Ltd.

Bangkok

11 August 2023

Central Pattana Public Company Limited and its Subsidiaries

Statement of financial position

		Consolidated financial	Separate financial
		statements	statements
		30 June	31 December	30 June	31 December
Assets	Note	2023	2022	2023	2022
		(Unaudited)		(Unaudited)
			(in thousand Baht)
Current assets
Cash and cash equivalents		2,812,929	3,246,195	1,676,805	2,101,005
Trade accounts receivable	2, 3	2,191,262	2,915,054	1,387,965	1,754,352
Other receivables	2	1,810,449	2,482,760	1,628,462	2,242,484
Current portion of finance lease receivables		28,258	27,599	3,012	2,967
Real estate development for sales	6	15,601,343	13,666,533	-	-
Short-term loans to related parties	2	37,671	29,582	734,956	683,489
Other current financial assets		3,064,230	2,874,488	1,003,184	873,854
Total current assets		25,546,142	25,242,211	6,434,384	7,658,151
Non-current assets
Restricted bank deposits	6	1,000	1,000	-	-
Other non-current financial assets		5,050,202	3,284,751	1,726,294	1,751,437
Investments in subsidiaries and fund	4, 12	-	-	32,307,885	32,307,885
Investments in associates	4	8,373,256	8,393,170	9,372,076	9,399,168
Investments in joint ventures		32,175,202	31,882,428	5,840,753	5,840,753
Finance lease receivable	2	20,323,997	19,576,561	1,799	3,317
Long-term loans to related parties	2	1,080,374	1,030,630	66,614,365	64,938,185
Investment properties	5, 6	170,222,285	168,701,806	84,004,763	84,285,569
Property, plant and equipment		4,488,782	4,005,431	543,266	530,537
Goodwill		1,290,875	1,290,875	-	-
Deferred tax assets		3,526,111	3,413,013	2,148,421	1,971,307
Other non-current assets	2	6,153,697	5,870,052	1,347,441	1,229,770
Total non-current assets		252,685,781	247,449,717	203,907,063	202,257,928
Total assets		278,231,923	272,691,928	210,341,447	209,916,079

The accompanying notes form an integral part of the interim financial statements.

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Central Pattana Public Company Limited and its Subsidiaries

Statement of financial position

		Consolidated financial	Separate financial
		statements	statements
		30 June	31 December	30 June	31 December
Liabilities and equity	Note	2023	2022	2023	2022
		(Unaudited)		(Unaudited)
			(in thousand Baht)
Current liabilities
Short-term loans from financial institutions		15,350,000	12,870,000	14,750,000	12,050,000
Trade accounts payable	2	1,299,546	1,274,235	360,956	401,524
Other payables	2	6,878,588	6,340,153	3,306,415	3,691,269
Current portion of lease liabilities	2	2,880,524	2,651,700	2,236,985	2,157,787
Short-term loans from related parties	2	448,072	440,370	14,608,537	13,972,966
Current portion of long-term loans	6	17,373,586	14,130,497	16,180,386	13,030,497
Current portion of advance received from rental income	2	1,866,303	1,835,497	257,837	259,843
Income tax payable		1,014,908	821,182	472,014	148,564
Contractor payables		2,439,645	1,668,430	1,297,816	958,038
Total current liabilities		49,551,172	42,032,064	53,470,946	46,670,488
Non-current liabilities
Long-term loans from related parties	2	965,421	974,901	5,305,175	7,264,282
Long-term loans	6	49,353,030	51,329,141	46,647,624	48,797,234
Lease liabilities	2	44,456,696	46,218,382	30,141,064	31,637,796
Deferred tax liabilities		3,671,765	3,684,633	-	-
Advance received from rental income	2	28,280,597	28,889,099	3,976,919	4,038,894
Deposits received from customers	2	9,042,580	8,676,896	5,280,924	5,032,927
Non-current provisions for employee benefits		952,337	920,437	702,012	670,120
Provision for decommissioning and restoration		344,158	337,275	308,624	302,346
Other non-current liabilities	2	10,477	8,917	-	-
Total non-current liabilities		137,077,061	141,039,681	92,362,342	97,743,599
Total liabilities		186,628,233	183,071,745	145,833,288	144,414,087

The accompanying notes form an integral part of the interim financial statements.

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Central Pattana Public Company Limited and its Subsidiaries

Statement of financial position

		Consolidated financial	Separate financial
		statements	statements
		30 June	31 December	30 June	31 December
Liabilities and equity	Note	2023	2022	2023	2022
		(Unaudited)		(Unaudited)
			(in thousand Baht)
Equity
Share capital
Authorised share capital
(4,488,000,000 ordinary shares, par value at
Baht 0.5 per share)		2,244,000	2,244,000	2,244,000	2,244,000
Issued and paid-up share capital
(4,488,000,000 ordinary shares, par value at
Baht 0.5 per share)		2,244,000	2,244,000	2,244,000	2,244,000
Premium on ordinary shares		8,558,558	8,558,558	8,558,558	8,558,558
Retained earnings
Appropriated
Legal reserve		224,400	224,400	224,400	224,400
Unappropriated		72,556,364	70,774,062	54,176,058	55,163,233
Treasury shares	8	(761,216)	(761,216)	(761,216)	(761,216)
Other components of equity		566,825	435,141	66,359	73,017
Equity attributable to owners of the parent		83,388,931	81,474,945	64,508,159	65,501,992
Non-controlling interests		8,214,759	8,145,238	-	-
Total equity		91,603,690	89,620,183	64,508,159	65,501,992
Total liabilities and equity		278,231,923	272,691,928	210,341,447	209,916,079

The accompanying notes form an integral part of the interim financial statements.

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