EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED
INTERIM CONSOLIDATED AND SEPARATE FINANCIAL INFORMATION (UNAUDITED)
31 March 2023
AUDITOR'S REPORT ON THE REVIEW OF THE INTERIM FINANCIAL INFORMATION
To the Shareholders and Board of Directors of Eastern Water Resources Development and Management Public Company Limited
I have reviewed the interim consolidated financial information of Eastern Water Resources Development and Management Public Company Limited and its subsidiaries, and the interim separate financial information of Eastern Water Resources Development and Management Public Company Limited. These comprise the consolidated and separate statements of financial position as at 31 March 2023, 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 based 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".
Emphasis of matter
I draw your attention to Note 18 to the interim financial information regarding compensation for pipeline project. The Company paid compensation at a preliminary rate for two water pipeline projects which the compensation may be subject to change. My conclusion is not modified in respect of this matter.
PricewaterhouseCoopers ABAS Ltd.
Vichien Khingmontri
Certified Public Accountant (Thailand) No. 3977
Bangkok
11 May 2023
Eastern Water Resources Development and Management Public Company Limited
Statement of Financial Position
As at 31 March 2023
(Unit: Baht'000) | |||||
Consolidated | Separate | ||||
financial information | financial information | ||||
(Unaudited) | (Audited) | (Unaudited) | (Audited) | ||
31 March | 31 December | 31 March | 31 December | ||
Notes | 2023 | 2022 | 2023 | 2022 | |
Assets | |||||
Current assets | |||||
Cash and cash equivalents | 297,713 | 90,933 | 129,273 | 11,761 | |
Financial assets measured at | |||||
amortised cost | 8 | 800,520 | 709,474 | 195,538 | 120,610 |
Trade and other receivables | 9 | 534,539 | 416,110 | 380,164 | 277,944 |
Inventories | 65,482 | 70,902 | 49,469 | 55,195 | |
Current portion of long-term loan | |||||
to a subsidiary | 16.5 | - | - | 400,000 | 400,000 |
Other current assets | 146,508 | 136,916 | 130,392 | 111,472 | |
Total current assets | 1,844,762 | 1,424,335 | 1,284,836 | 976,982 | |
Non-current assets | |||||
Restricted deposits at financial institutions | 5,000 | 5,000 | - | - | |
Investment in a subsidiary | - | - | 510,000 | 510,000 | |
Long-term loan to a subsidiary | 16.5 | - | - | 400,000 | 400,000 |
Investment property - net | 181,180 | 182,922 | 149,085 | 150,979 | |
Property, plant and equipment - net | 10 | 19,796,890 | 19,299,037 | 19,614,591 | 19,111,537 |
Right-of-use assets - net | 11 | 285,515 | 286,111 | 232,083 | 231,461 |
Goodwill | 103,283 | 103,283 | - | - | |
Intangible assets - net | 10 | 2,848,434 | 2,934,262 | 131,234 | 135,553 |
Deferred tax assets - net | 17,848 | 14,310 | - | - | |
Other non-current assets | 12 | 842,718 | 848,534 | 805,766 | 811,165 |
Total non-current assets | 24,080,868 | 23,673,459 | 21,842,759 | 21,350,695 | |
Total assets | 25,925,630 | 25,097,794 | 23,127,595 | 22,327,677 |
___________________________________ | ___________________________________ | ||
( | ) | ( | ) |
The accompanying notes are an integral part of this interim financial information.
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Eastern Water Resources Development and Management Public Company Limited
Statement of Financial Position (continued)
As at 31 March 2023
(Unit: Baht'000) | |||||
Consolidated | Separate | ||||
financial information | financial information | ||||
(Unaudited) | (Audited) | (Unaudited) | (Audited) | ||
31 March | 31 December | 31 March | 31 December | ||
Notes | 2023 | 2022 | 2023 | 2022 | |
Liabilities and equity | |||||
Current liabilities | |||||
Short-term borrowings from | |||||
financial institutions | 13.1 | 1,035,000 | 1,780,000 | 500,000 | 1,215,000 |
Bills of exchange | 13.2 | 499,386 | - | 499,386 | - |
Trade and other payables | 14 | 185,794 | 238,428 | 143,670 | 197,562 |
Current portion of long-term borrowings | |||||
from financial institutions | 13.3 | 1,606,500 | 1,306,500 | 1,606,500 | 1,306,500 |
Current portion of lease liabilities | 13.5 | 34,911 | 32,786 | 22,608 | 23,065 |
Income tax payable | 80,790 | 41,180 | 36,215 | 12,392 | |
Accrued expenses | 141,870 | 173,851 | 107,792 | 139,998 | |
Other current liabilities | 139,961 | 134,418 | 84,229 | 76,818 | |
Total current liabilities | 3,724,212 | 3,707,163 | 3,000,400 | 2,971,335 | |
Non-current liabilities | |||||
Long-term borrowings from | |||||
financial institutions | 13.3 | 5,277,500 | 5,977,500 | 5,277,500 | 5,977,500 |
Debentures | 13.4 | 4,145,296 | 2,797,107 | 4,145,296 | 2,797,107 |
Lease liabilities | 13.5 | 287,339 | 288,748 | 246,655 | 244,764 |
Deferred tax liabilities - net | 294,762 | 305,451 | 88,296 | 91,796 | |
Employee benefit obligations | 198,170 | 195,735 | 135,700 | 134,646 | |
Long-term provisions | 57,598 | 53,617 | - | - | |
Other non-current liabilities | 221,315 | 204,809 | 207,159 | 191,308 | |
Total non-current liabilities | 10,481,980 | 9,822,967 | 10,100,606 | 9,437,121 | |
Total liabilities | 14,206,192 | 13,530,130 | 13,101,006 | 12,408,456 |
The accompanying notes are an integral part of this interim financial information.
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Eastern Water Resources Development and Management Public Company Limited
Statement of Financial Position (continued)
As at 31 March 2023
(Unit: Baht'000) | ||||
Consolidated | Separate | |||
financial information | financial information | |||
(Unaudited) | (Audited) | (Unaudited) | (Audited) | |
31 March | 31 December | 31 March | 31 December | |
2023 | 2022 | 2023 | 2022 | |
Liabilities and equity (continued) | ||||
Equity | ||||
Share capital | ||||
Registered share capital | ||||
Ordinary shares, 1,663,725,149 shares | ||||
of par Baht 1 each | 1,663,725 | 1,663,725 | 1,663,725 | 1,663,725 |
Issued and paid-up share capital | ||||
Ordinary shares, 1,663,725,149 shares | ||||
of par Baht 1 each | 1,663,725 | 1,663,725 | 1,663,725 | 1,663,725 |
Share premium | 2,138,522 | 2,138,522 | 2,138,522 | 2,138,522 |
Retained earnings | ||||
Appropriated - legal reserve | 166,500 | 166,500 | 166,500 | 166,500 |
- concession reserve | 493,538 | 485,993 | 60,527 | 59,353 |
Unappropriated | 7,101,242 | 6,959,680 | 5,997,315 | 5,891,121 |
Equity attributable to owners of the Company | 11,563,527 | 11,414,420 | 10,026,589 | 9,919,221 |
Non-controlling interests | 155,911 | 153,244 | - | - |
Total equity | 11,719,438 | 11,567,664 | 10,026,589 | 9,919,221 |
Total liabilities and equity | 25,925,630 | 25,097,794 | 23,127,595 | 22,327,677 |
The accompanying notes are an integral part of this interim financial information.
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Eastern Water Resources Development and Management pcl published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 08:42:10 UTC.