BURIRAM SUGAR BURIRAM SUGAR PUBLIC COMPANY LIMITED
INTERIM CONSOLIDATED AND SEPARATE FINANCIAL INFORMATION (UNAUDITED)
31 MARCH 2021
AUDITOR'S REPORT ON THE REVIEW OF THE INTERIM FINANCIAL INFORMATION
To the Shareholders and the Board of Directors of Buriram Sugar Public Company Limited
I have reviewed the interim consolidated financial information of Buriram Sugar Public Company Limited and its subsidiaries, and the interim separate financial information of Buriram Sugar Public Company Limited. These comprise the consolidated and separate statements of financial position as at 31 March 2021, the related consolidated and separate statements of comprehensive income, changes in equity, and cash flows for the three-month period then ended, and the condensed notes to the interim financial information. Management is responsible for the preparation and presentation of this interim consolidated and separate financial information in accordance with Thai Accounting Standard 34, "Interim Financial Reporting". My responsibility is to express a conclusion on this interim consolidated and separate financial information bases on my review.
Scope of review
I conducted my review in accordance with the 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 consolidated and separate financial information is not prepared, in all material respects, in accordance with Thai Accounting Standard 34, "Interim Financial Reporting".
PricewaterhouseCoopers ABAS Ltd.
Sa-nga Chokenitisawat
Certified Public Accountant (Thailand) No. 11251
Bangkok
13 May 2021
Buriram Sugar Public Company Limited
Statements of Financial Position
As at 31 March 2021
Consolidated | Separate | ||||
financial information | financial information | ||||
Unaudited | Audited | Unaudited | Audited | ||
31 March | 31 December | 31 March | 31 December | ||
2021 | 2020 | 2021 | 2020 | ||
Notes | Baht | Baht | Baht | Baht | |
Assets | |||||
Current assets | |||||
Cash and cash equivalents | 83,111,180 | 60,424,535 | 8,538,816 | 5,894,017 | |
Trade and other receivables, net | 9, 18 | 365,097,562 | 131,089,697 | 110,773,170 | 24,897,856 |
Farmer receivables, net | 10 | 465,252,999 | 366,576,471 | - | - |
Accrued income - Office of the Cane and Sugar Fund | - | 300,843,909 | - | - | |
Inventories, net | 11 | 2,314,257,141 | 568,437,971 | - | - |
Short-term borrowings to a subsidiary | 18 (c) | - | - | 45,000,000 | |
Current portion of long-term | |||||
borrowings to subsidiaries, net | 18 (d) | - | - | 10,000,000 | 31,000,000 |
Current portion of long-term | |||||
borrowings to farmer receivables, net | 13, 18 (e) | 14,429,588 | 38,248,254 | - | - |
Other current assets | 2,026,248 | 25,788,633 | 3,929,654 | 5,211,686 | |
Total current assets | 3,244,174,718 | 1,491,409,470 | 178,241,640 | 67,003,559 | |
Non-current assets | |||||
Non-current farmer receivables, net | 129,238,265 | 117,243,396 | - | - | |
Non-current accrued income - Office of the Cane | |||||
and Sugar Fund | - | 170,201,779 | - | - | |
Investment in an associate | 12 | 1,023,467,720 | 1,004,925,551 | 1,013,101,421 | 1,025,825,366 |
Investment in subsidiaries | - | - | 3,148,475,700 | 3,148,475,700 | |
Financial assets measured at fair value through | |||||
other comprehensive income | 13,995,533 | 11,410,828 | 2,175 | 2,175 | |
Long-term borrowings to subsidiaries, net | 18 (d) | - | - | 758,654,534 | 811,152,857 |
Long-term borrowings to farmer receivables, net | 13, 18 (e) | 150,426,717 | 145,236,283 | - | - |
Investment property | 3,971,127 | 3,971,127 | 3,971,127 | 3,971,127 | |
Property, plant and equipment, net | 14 | 5,474,647,785 | 5,532,248,300 | 34,462,596 | 35,311,235 |
Right-of-use assets, net | 13,184,736 | 13,882,811 | 3,088,694 | 3,364,709 | |
Intangible assets, net | 14 | 26,637,195 | 27,248,732 | 15,268,432 | 15,773,300 |
Deferred tax assets, net | 124,388,417 | 128,145,788 | - | - | |
Other non-current assets | 22,207,461 | 17,309,725 | 328,100 | 319,900 | |
Total non-current assets | 6,982,164,956 | 7,171,824,320 | 4,977,352,779 | 5,044,196,369 | |
Total assets | 10,226,339,674 | 8,663,233,790 | 5,155,594,419 | 5,111,199,928 |
Director ________________________________
Date ________________________________
The accompanying notes form part of this interim financial information.
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Buriram Sugar Public Company Limited
Statements of Financial Position
As at 31 March 2021
Consolidated | Separate | ||||
financial information | financial information | ||||
Unaudited | Audited | Unaudited | Audited | ||
31 March | 31 December | 31 March | 31 December | ||
2021 | 2020 | 2021 | 2020 | ||
Notes | Baht | Baht | Baht | Baht | |
Liabilities and equity | |||||
Current liabilities | |||||
Trade and other payables | 15, 18 | 783,978,103 | 674,594,685 | 22,846,150 | 24,692,611 |
Short-term borrowings from financial institutions | 16 | 2,310,466,000 | 758,866,000 | - | - |
Short-term borrowings from a related party | 16, 18 (f) | 57,750,000 | - | - | - |
Short-term borrowings from others | 16 | 2,196,000 | 349,356,430 | 328,000 | 580,000 |
Current portion of long-term borrowings | |||||
from financial institutions and other | 16 | 261,297,377 | 261,253,453 | - | - |
Current portion of long-term borrowings | |||||
from an associate | 16, 18 (g) | 241,608,457 | 223,565,086 | - | - |
Current portion of long-term borrowings | |||||
from a subsidiary | 16, 18 (h) | - | - | 71,042,619 | 71,042,619 |
Current portion of lease liabilities | 16 | 6,741,535 | 7,253,197 | 3,732,411 | 3,975,579 |
Current portion of employee benefit obligations | 6,401,855 | 6,680,584 | 3,077,616 | 3,036,802 | |
Income tax payable | 21,169,337 | 16,365,043 | - | - | |
Other current liabilities | 22,610,380 | 15,526,686 | 2,311,876 | 1,421,350 | |
Total current liabilities | 3,714,219,044 | 2,313,461,164 | 103,338,672 | 104,748,961 | |
Non-current liabilities | |||||
Long-term borrowings from | |||||
financial institutions and other, net | 16 | 1,469,906,507 | 1,470,109,674 | - | - |
Long-term borrowings from an associate, net | 16, 18 (g) | 2,893,993,900 | 2,918,132,130 | - | - |
Long-term borrowings from a subsidiary, net | 16, 18 (h) | - | - | 2,646,119,162 | 2,646,119,162 |
Lease liabilities, net | 16 | 11,895,761 | 13,508,443 | 4,540,185 | 5,379,656 |
Deferred tax liabilities, net | 28,651,312 | 29,891,137 | 467,216 | 467,216 | |
Employee benefit obligations, net | 60,594,958 | 59,174,444 | 19,948,169 | 19,505,050 | |
Other non-current liabilities | 3,331,711 | 3,123,397 | - | - | |
Total non-current liabilities | 4,468,374,149 | 4,493,939,225 | 2,671,074,732 | 2,671,471,084 | |
Total liabilities | 8,182,593,193 | 6,807,400,389 | 2,774,413,404 | 2,776,220,045 |
The accompanying notes form part of this interim financial information.
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Buriram Sugar Public Company Limited
Statements of Financial Position
As at 31 March 2021
Consolidated | Separate | |||
financial information | financial information | |||
Unaudited | Audited | Unaudited | Audited | |
31 March | 31 December | 31 March | 31 December | |
2021 | 2020 | 2021 | 2020 | |
Baht | Baht | Baht | Baht | |
Liabilities and equity (Cont'd) | ||||
Equity | ||||
Share capital | ||||
Authorised share capital | ||||
812,099,845 ordinary shares | ||||
at par value of Baht 1 each | 812,099,845 | 812,099,845 | 812,099,845 | 812,099,845 |
Issued and paid-up share capital | ||||
812,099,845 ordinary shares | ||||
fully paid-up of Baht 1 each | 812,099,845 | 812,099,845 | 812,099,845 | 812,099,845 |
Premium on ordinary shares | 954,665,813 | 954,665,813 | 954,665,813 | 954,665,813 |
Retained earnings | ||||
Appropriated | ||||
- Legal reserve | 65,970,655 | 65,970,655 | 65,970,655 | 65,970,655 |
Unappropriated | 199,467,816 | 13,747,388 | 548,444,702 | 502,243,570 |
Other components of equity | 10,068,466 | 8,000,702 | - | - |
Equity attributable to owners of the parent | 2,042,272,595 | 1,854,484,403 | 2,381,181,015 | 2,334,979,883 |
Non-controlling interests | 1,473,886 | 1,348,998 | - | - |
Total equity | 2,043,746,481 | 1,855,833,401 | 2,381,181,015 | 2,334,979,883 |
Total liabilities and equity | 10,226,339,674 | 8,663,233,790 | 5,155,594,419 | 5,111,199,928 |
The accompanying notes form part of this interim financial information.
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Buriram Sugar pcl published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 04:39:04 UTC.
