PTT PTT Public Company Limited and its subsidiaries
Review report and interim financial information For the three-month period ended 31 March 2023
Independent Auditor's Report on Review of Interim Financial Information
To the Shareholders of PTT Public Company Limited
I have reviewed the accompanying consolidated statement of financial position of PTT Public Company Limited and its subsidiaries as at 31 March 2023, the related consolidated statements of income, comprehensive income, changes in shareholders' equity, and cash flows for the three-month period then ended, as well as the condensed notes to the interim consolidated financial statements.
I have also reviewed the separate financial information of PTT Public Company Limited for the same period (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.
Kittiphun Kiatsomphob
Certified Public Accountant (Thailand) No. 8050
EY Office Limited
Bangkok: 11 May 2023
PTT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023
Unit: Baht | |||||
Consolidated financial statements | Separate financial statements | ||||
Notes | 31 March 2023 | 31 December 2022 | 31 March 2023 | 31 December 2022 | |
(Unaudited | (Audited) | (Unaudited | (Audited) | ||
but reviewed) | but reviewed) | ||||
Assets | |||||
Current assets | |||||
Cash and cash equivalents | 397,747,257,229 | 340,054,258,218 | 51,011,348,930 | 52,787,983,676 | |
Short-term investments in financial assets | 18,208,127,853 | 12,600,203,556 | 7,511,545,714 | 3,468,734,142 | |
Trade accounts receivable | 4 | 219,302,808,035 | 219,054,350,287 | 145,599,656,199 | 161,459,456,807 |
Other accounts receivable | 105,768,292,671 | 142,265,877,656 | 33,085,979,040 | 35,695,995,643 | |
Short-term lending | 2,540,031,706 | 2,173,584,524 | 921,793,109 | 2,043,911,233 | |
Inventories | 241,439,144,089 | 222,347,607,982 | 50,424,963,975 | 27,192,390,126 | |
Supplies | 50,338,539,918 | 49,506,527,001 | 5,579,252,539 | 5,488,234,310 | |
Current derivative assets | 8,685,875,708 | 14,764,120,162 | 810,660,917 | 824,582,845 | |
Other current financial assets | 2,153,640,374 | 1,924,001,716 | 296,989,756 | 297,045,802 | |
Other current assets | 11,880,619,751 | 13,592,699,390 | 1,592,470,027 | 2,346,735,149 | |
Assets held for sale | 349,431,376 | 22,579,601,336 | - | - | |
Total current assets | 1,058,413,768,710 | 1,040,862,831,828 | 296,834,660,206 | 291,605,069,733 | |
Non-current assets | |||||
Other long-term investments in financial assets | 47,764,906,482 | 54,092,774,460 | 7,043,503,353 | 13,028,827,422 | |
Investments in subsidiaries | 6 | - | - | 452,779,048,540 | 435,703,629,724 |
Investments in joint ventures | 6 | 59,457,401,449 | 60,356,655,237 | 4,959,465,773 | 4,959,465,773 |
Investments in associates | 6 | 104,745,106,742 | 104,658,121,922 | - | - |
Long-term lending | 8,225,465,774 | 8,045,563,028 | 57,082,587,558 | 56,066,587,558 | |
Investment properties | 7 | 10,925,589,358 | 10,736,084,109 | 3,916,639,260 | 3,927,382,145 |
Property, plant and equipment | 8 | 1,504,117,042,533 | 1,499,329,679,429 | 246,858,272,197 | 248,276,170,223 |
Right-of-use assets | 9 | 123,199,556,806 | 124,052,955,042 | 24,376,607,947 | 24,869,287,411 |
Goodwill | 10 | 186,214,679,334 | 188,963,836,957 | - | - |
Other intangible assets | 11 | 135,325,956,722 | 137,051,494,679 | 2,622,220,981 | 2,702,425,852 |
Exploration and evaluation assets | 12 | 105,621,838,738 | 106,160,968,871 | - | - |
Deferred tax assets | 43,067,777,065 | 50,759,602,063 | 590,579,375 | - | |
Non-current derivative assets | 1,738,139,539 | 1,632,692,190 | 436,086,748 | 406,331,243 | |
Other non-current financial assets | 10,048,799,823 | 11,424,805,434 | 137,181,009 | 178,496,135 | |
Other non-current assets | 17,998,273,150 | 17,504,226,657 | 45,010,615 | 48,127,759 | |
Total non-current assets | 2,358,450,533,515 | 2,374,769,460,078 | 800,847,203,356 | 790,166,731,245 | |
Total assets | 3,416,864,302,225 | 3,415,632,291,906 | 1,097,681,863,562 | 1,081,771,800,978 |
The accompanying notes are an integral part of these interim financial statements.
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PTT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023
Unit: Baht | |||||
Consolidated financial statements | Separate financial statements | ||||
Notes | 31 March 2023 | 31 December 2022 | 31 March 2023 | 31 December 2022 | |
(Unaudited | (Audited) | (Unaudited | (Audited) | ||
but reviewed) | but reviewed) | ||||
Liabilities and shareholders' equity | |||||
Current liabilities | |||||
Bank overdrafts and short-term loans from | |||||
financial institutions | 13 | 108,810,557,860 | 90,757,365,238 | - | - |
Trade accounts payable | 238,955,791,703 | 230,366,158,328 | 142,736,013,967 | 144,671,410,600 | |
Other accounts payable | 69,649,108,277 | 88,322,204,627 | 25,989,947,672 | 25,696,976,392 | |
Current portion of long-term borrowings | 13 | 76,202,673,037 | 73,237,306,068 | 26,935,145,753 | 15,954,936,982 |
Current portion of lease liabilities | 13 | 17,041,563,875 | 16,190,978,583 | 1,321,538,754 | 1,202,289,541 |
Short-term borrowings | 13 | 794,148,836 | 784,118,026 | 9,114,361,452 | 9,447,477,560 |
Income tax payable | 36,637,588,838 | 30,846,381,120 | 1,671,289,019 | - | |
Short-term provision for decommissioning costs | 14 | 3,467,342,232 | 10,889,461,758 | - | - |
Current derivative liabilities | 8,331,945,338 | 23,012,778,342 | 1,222,429,349 | 627,263,806 | |
Other current financial liabilities | 6,760,060,017 | 6,069,311,742 | 6,066,804,396 | 3,308,991,894 | |
Other current liabilities | 14,613,941,170 | 16,712,910,561 | 4,549,907,526 | 4,856,387,303 | |
Liabilities directly associated with assets held for sale | 43,359,147 | 5,351,425,781 | - | - | |
Total current liabilities | 581,308,080,330 | 592,540,400,174 | 219,607,437,888 | 205,765,734,078 | |
Non-current liabilities | |||||
Long-term borrowings | 13 | 903,011,349,070 | 924,943,365,018 | 203,808,202,913 | 219,596,549,709 |
Lease liabilities | 13 | 86,767,363,092 | 87,680,577,734 | 7,950,589,748 | 8,269,079,146 |
Deferred tax liabilities | 87,696,483,841 | 90,971,519,778 | - | 1,438,179,256 | |
Provision for employee benefits | 32,623,057,310 | 32,355,934,190 | 6,105,606,611 | 5,998,145,391 | |
Long-term provision for decommissioning costs | 14 | 107,065,911,417 | 99,161,887,598 | 24,827,601 | - |
Deposits on LPG cylinders | 12,780,088,262 | 12,683,944,332 | - | - | |
Non-current derivative liabilities | 6,685,970,351 | 7,642,867,621 | 4,064,514,626 | 5,005,805,102 | |
Other non-current financial liabilities | 4,522,921,162 | 4,661,683,967 | 1,601,778,986 | 1,588,081,637 | |
Other non-current liabilities | 28,776,028,070 | 29,297,346,561 | 5,262,719,071 | 5,316,681,443 | |
Total non-current liabilities | 1,269,929,172,575 | 1,289,399,126,799 | 228,818,239,556 | 247,212,521,684 | |
Total liabilities | 1,851,237,252,905 | 1,881,939,526,973 | 448,425,677,444 | 452,978,255,762 |
The accompanying notes are an integral part of these interim financial statements.
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PTT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023
Unit: Baht | ||||
Consolidated financial statements | Separate financial statements | |||
31 March 2023 | 31 December 2022 | 31 March 2023 | 31 December 2022 | |
(Unaudited | (Audited) | (Unaudited | (Audited) | |
but reviewed) | but reviewed) | |||
Liabilities and shareholders' equity(Continued) | ||||
Shareholders' equity | ||||
Share capital | ||||
Registered share capital | ||||
28,562,996,250 ordinary shares of Baht 1 each | 28,562,996,250 | 28,562,996,250 | 28,562,996,250 | 28,562,996,250 |
Issued and fully paid-up share capital | ||||
28,562,996,250 ordinary shares of Baht 1 each | 28,562,996,250 | 28,562,996,250 | 28,562,996,250 | 28,562,996,250 |
Share premium | 29,211,131,966 | 29,211,131,966 | 29,211,131,966 | 29,211,131,966 |
Surplus from the change in the ownership interests | ||||
in subsidiaries | 33,447,144,467 | 10,068,142,437 | - | - |
Retained earnings | ||||
Appropriated - legal reserve | 2,857,245,725 | 2,857,245,725 | 2,857,245,725 | 2,857,245,725 |
Appropriated - self-insurance fund reserve | 1,293,274,044 | 1,293,274,044 | 1,293,274,044 | 1,293,274,044 |
Unappropriated | 963,586,836,661 | 957,167,125,835 | 584,352,479,497 | 563,628,611,939 |
Other components of shareholders' equity | 16,906,599,959 | 23,430,961,528 | 2,979,058,636 | 3,240,285,292 |
Equity attributable to owners of the Company | 1,075,865,229,072 | 1,052,590,877,785 | 649,256,186,118 | 628,793,545,216 |
Non-controlling interests of the subsidiaries | 489,761,820,248 | 481,101,887,148 | - | - |
Total shareholders' equity | 1,565,627,049,320 | 1,533,692,764,933 | 649,256,186,118 | 628,793,545,216 |
Total liabilities and shareholders' equity | 3,416,864,302,225 | 3,415,632,291,906 | 1,097,681,863,562 | 1,081,771,800,978 |
- | - | - | - |
The accompanying notes are an integral part of these interim financial statements.
(Phannalin Mahawongtikul)
Chief Financial Officer
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PTT 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 09:42:08 UTC.
