Forth Corporation Public Company Limited and its subsidiaries Statement of comprehensive Income For the year ended 31 December 2020 Unit Bent) Consolida.cd financial statements Sepaale Snancial statements 2020 2015 Note 2020 2019 Profit or loss: Revenues 28 Salas GG: 3:4,305 573,859,546 Services 2,015.585,047 4,051,951,271 724,017,333 1,867.549,457 4,097 410,571 553,895 865 720 437.242 420,225,768 Revenues from project work 408 628.334 305,884,860 Other Income Dividend income 383,393.852 344,342,682 42 425.977 35 Gain on parlial business rariser Others 29: 049.223 7,062 602,674 284.982,626 6,803,849,430 78.699.720 2.255.471.453 59.395.211 1.754,216,139 Total revenues wave Expenses Cost of sales 1,495,127,960 Cost of services Cost of project work 1,613,982 GBO 3.144,666 639 601,919,514 117,030,447 861,083,793 3,022,323,152 453,975,115 104.125,709 539,187,388 602,003,127 341,494,101 33.752,590 299,365,355 484,137,345 323 992,740 245.533,305 26,819.012 357,761,280 020 767,826 6,096,309,922 6,236,973 064 843.779.810 1,815,822,961 439,620,892 1.499,335,683 315,779,455 15.2 Selling and distribution expenses Administrative experises Total expenses Profit from operating activities Share of oraht (los) from Investments in associates Finance cost Profit before income tax expenses Incore lax (experces) revenues Profit for the year from continuing operations Loss for the year from discontinued operalions - net of tax Profit for the year (12,321,848) 188,839,800 744.818,094 198 744,3951 645,473,609 797,639,000 4,827,862 (101.990,156) ( 700,377,314 194,543.497) (42.677.620) 396,271,213 3,483,540 27 (40,070 568 274,906.887 8,907.123 283,896,010 12.764,050) 280,059,942 605,833.817 409,854,753 35 645,873,569 609,833,817 400,854,753 The accompanying roles are an integral part of the financial statements Forth Corporation Public Company Limited and its subsidiaries Statement of financial position As at 31 December 2020 Consolidaico Financial statements 2020 2019 (Unit: Baht) Sepsrale financial statements 2020 2019 Note Assets Current assets 740 575 424 581,811,432 71,237,916 181,448,422 8 Cash and cash equivalents Current investment Trade and other receivables Short-term loans to related parties 50.000.000 1,584,787 439 7,9 1,449,435,764 207,148,155 7 93.465,000 329,705.834 72.465.000 94.736,525 Unbilled receivables 197.992,923 496,135,337 978,991,619 10 30,000,000 379,968,520 893,543,831 38.605,915 89,381,179 225,948,259 328,011,980 11 Inventories Current portion of loans receivable Current portion of finance lease receivable Other current financial assets 25,044,635 12 99,381,179 301.783 304,7B3 Other current agsats 9,477,524 376,447,940 206, 621,145 Advances payment for goods Prepaid telephone charges Others Total current assets 27.026,762 137,610,881 128,503,225 103.944,83611,071.522 4,078,205.385 1,034,130,620 104.447.964 4.309,333.405 25, 233,454 1.041,090,739 Non-current assets 13 794,000 441,500 Restricted bank deposits Other long-term investments 31, 451,815 20,000,000 20,000,000 31,151,915 Other non-current financial assels Investments in subsidiaries 14 1.230,603,995 24 252,736 1.156,038,115 24 252.736 Investments in associates 15 16,042,391 50, 155,488 33,462 708 27,657,653 11 12 141,637,650 141,637,659 15 103,934,775 2,512,357,507 103,745,141 2.809,031,719 845,186,910 321,817,020 17 Loans receivasle - net of current portion Finance lease receivable - net of current portion Investment properties Properly, plant and equipment Right-of-use assets Intangible assets Leasehold rights Deferred tax assets 830,274,161 308,575,111 69,663,406 22 133.351,106 18 114,269.285 112,700 219 2.466,209 5,075.357 14,903 271 27 Other non-current assets Total non-current assets 266,911,840 142,435,568 3,513,040,434 7,822,373,899 14,903,271 285,754,000 121,956,487 3.540,811,799 7.617.017, 184 77,075,383 114,475,286 2,819,014 020 3.853, 144,648 71,898,389 99,306,235 2.559 109,033 3,600 169.772 Total assets The accompanying notes are an integral part of the financial statements. Forth Corporation Public Company Limited and its subsidiaries Statement of financial position (continued) As at 31 December 2020 Consolidated financial statemente (Unit Baht) Separate financial statemente 2022 2019 Nole 2020 2019 19 2,679,515,576 1,395,659.476 1,345.0 15.576 7, 20 1.052,938,123 283,736,809 245,092,640 73,745,709 21 Liabilities and shareholders' equity Current liabilities Bank overcrafts and short-term cans from barks Trade and other payables Current portion of long-term loans Current portion of long-term lease liabilities Advances received from customers Corporate ancome tax payable Other current liabilities Retention received from service representatives Olherg 2,872.658,476 1,177,206,202 130,172.982 18,070,957 392,493,465 23,516,405 276,955,614 130,172,982 4,064,117 22 222357,723 143,429,603 177.233.244 25,753,907 525.075.765 97.251.805 579,739,000 120,905,385 4,919.623.942 43,255,939 48,142,482 1.B53,428,016 Total current liabilities 5,136,445 099 2,074,464,851 Non-current liabilities 21 190,691,728 118,695,040 116.695,040 22 102,099,392 190,691,728 55,805.064 50,899.261 23 160,251,253 132,452,499 37,239,202 Long-term loans, net of current portion Long-term lease liabilities - not of current portion Provision for long-term employee benefits Other non-current abilities Total non-current liabilities Total liabilities 4.673 817 1,958 393 251,105,932 5,170.029,274 293 395,943 457,716 190 5,594, 162,259 153,934,242 2.372.860,754 2,007. 360,258 Shareholders' equity Share capital Registered 960,000,000 ordinary shares of Baht 0.5 each Issued and fully paid-up 400.000.000 490,000,000 480,000 000 480,000,000 480,000 000 480.000 OCO 480,000,000 4B0,DOC,000 362,557,B77 352.557,877 362,557.877 362,557 877 (243,460,685) (119,988,151) 24 48,000,000 48.000.000 48,000,000 33 152,206,025 960,000,000 ordinary shares of Baht 0.5 each Share premium Olher deficis Retained earnings Appropriated. statutory reserve Appropriates. Treasury shares reserve Unappropriated Treasury ordinary shares Other components of shareholder's equity Equity attributable to owners of the Company Non-controling interests of the subsidiaries Total shareholders' equity Total liabilities and shareholders' equity 48,000,000 36,835,920 739,835,475 649,458,771 152,206,025 589,725,975 (152 206,025) 36.835,920 702 271,437 (35.639.920) 33 (152,206,025) 14,156,564) 1,292,389,399 (36.835,920) 13.551.1996) 1,480,263,852 1,592,829,514 935,822,241 2,228,211,04D 7,822,373,899 1,506,850 205 939,237,705 2,448,087,910 7,617,017.184 1,480,283,852 3.853,144,616 1,592,829,514 3,600,189,772 The accompanying notes are an integral part of the financial statements. Directors Forth Corporation Public Company Limited and its subsidiaries Statement of changes in shareholders' equity (continued) ' For the year ended 31 December 2020 (Unit: Balt) Separate financial statements Retained earnings Appropriated Treasury shares Issured and Share Statutory Total fully paid-up share capital premium reserve reserve Unappropriated Treasury shares shareholders' equiy 480,000,000 Balance as at 1 January 2019 362,557,877 4B,000,000 862.113.461 1,752,671,336 280,059,942 280,059,942 280,059,942 280,059,942 (35,835,920) (36.825 920) Profit for the year Total comprehensive income for the year Treasury shares during the year (Note 33) Transformed unappropriated retained earnings to treasury shares reserve (Note 33) Dividend payment (Note 32) Balance as at 31 December 2019 38 B35 920 (36,835,920) (403,065,945) 702,271,637 (403,065,846) 1,592,829,514 480,000,000 362,557,877 48,000,000 36.835 920 (36.835.0201 480,000,000 362,557,877 48,000,000 35,835,920 702,271,637 (26.835,920) 1,592,820,514 400,854,753 400,854,753 (5,173,816) (5,173,8182 395,630,935 Balance as at 1 January 2020 Profit for the year Other comprehensive income for the year (loss) Total comprehensive income for the year Treasury shares during the year (Note 33) Transferred unappropriated retained earnings to treasury shares reserve (Note 33) Dividend payment (Note 32) ) Balance as at 31 December 2020 395,680,935 (115,370,105) (115,370,105) 115,370,105 (115,370,105) (292,856,492) 599,725,975 (392.856,492) 1,480,283,852 480,000,000 362,557,877 48,000,000 152,206,025 (152,206,025) The accompanying notes are an integral part of the financial statements, calculate these Ratio 1) Current Ratio (Working Capital Ratio) for 2020 and 2019 Current assets Current liabilities Liquid Ratio (Acid test) Cash + Marketable securities+Accounts receivabletshort term notes receivable Current liabilities 3) Accounts Receivable (debtors) Turnover collection period Average Accounts receivable Net sales for the year* x 365 days = debt collection time (in days) A) Accounts Payable (creditors) payment period x 365 days = creditors' payment time Average Accounts payable (creditors) *Net credit purchases for the year 5) Inventory (stock of goods) turnover Rate of inventory turnover Cost of goods sold Average inventory The cash cycle