Notes BEC WORLD PUBLIC COMPANY LIMITED AND SUBSIDIARIES STATEMENTS OF FINANCIAL POSITION ASSETS THOUSAND BAHT

Transcription

1 STATEMENTS OF FINANCIAL POSITION ASSETS As at As at As at As at March 31, 2014 December 31, 2013 March 31, 2014 December 31, 2013 Notes AUDITED AUDITED Current Assets Cash and cash equivalents 4 4,340,142 2,522, , ,588 Short-term investments Fixed deposit at bank 1,502,272 3,215, ,245 1,068,052 Investments in Open-end Fund 5 51,007 50, Total short-term investments 1,553,279 3,265, ,245 1,068,052 Trade and other receivables 6 1,069,537 1,483, , ,182 Short-term loans to related parties 7 77,970 91,495 2,129, ,968 Inventories 3,145 4, Other current assets Dividend receivable - - 1,933,590 2,349,984 Concerts and television programmes under process 91,287 72, Accrued interest income 23,180 22,444 34,448 16,667 Others 330, ,734 34,667 31,170 Total other current assets 445, ,529 2,002,705 2,397,821 Total Current Assets 7,489,082 7,630,204 6,558,769 5,460,611 Non-current Assets Available-for-sale securities 8 297, , , ,788 Investments in associates 9 98,688 86, Investments in subsidiaries , ,350 Bank deposits with obligation 88,451 86, Other long-term investments 3,000 3, Investments property 65,150 65, Property, plant and equipment 315, ,818 12,636 11,647 Intangible assets 73,209 70, Deferred right to use property 1,169,345 1,148, Deferred additional compensation 280, , Deposit guarantee on application for spectrum licensing , Deferred pictures rental, picture products, plays and copyright charges 1,494,382 1,387, , ,906 Deposit on pictures copyright 9,694 4,079 7,694 2,079 Prepaid plays production 438, , , ,683 Prepaid cost of application for spectrum licensing 10 1,462, Deferred tax assets 16 94, ,483 3,452 24,659 Other non-current assets 89,687 87,322 9,990 9,990 Total Non-current Assets 5,979,583 4,565,864 2,197,082 2,097,752 TOTAL ASSETS 13,468,665 12,196,068 8,755,851 7,558,363

2 STATEMENTS OF FINANCIAL POSITION LIABILITIES AND SHAREHOLDERS' EQUITY As at As at As at As at March 31, 2014 December 31, 2013 March 31, 2014 December 31, 2013 Notes AUDITED AUDITED Current Liabilities Short-term borrowing from financial institutions 110, , Trade and other payables , , , ,439 Accrued expenses 770, ,839 44,014 30,347 Current portion of financial leases 1,042 1, Short-term borrowings from related parties ,000 - Short-term loans to other company Corporate income tax payable 646, ,630 42,751 29,177 Dividend payable 2,800,000-2,800,000 - Other current liabilities Revenue Department payable 128, ,370 13,945 15,209 Undue sale tax 59,267 83,972 43,589 46,759 Cash received from selling ticketsthe contracting companies 87, , Unearned revenue 297, , Others 4,531 4, Total other current liabilities 576, ,043 57,985 62,673 Total Current Liabilities 5,491,080 2,606,512 4,075, ,636 Non-current Liabilities Financial leases 2,632 2, Provision for long-term employee benefits , ,171 48,173 47,681 Other non-current liabilities Total Non-current Liabilities 482, ,655 48,173 47,681 Total Liabilities 5,973,901 3,081,167 4,123, ,317 Shareholders' Equity Share capital Authorized share capital 2,000,000,000 common stocks of Baht 1 par value 2,000,000 2,000,000 2,000,000 2,000,000 Issued and paid-up share capital 2,000,000,000 common stocks at Baht 1 each 2,000,000 2,000,000 2,000,000 2,000,000 Premium on common stocks 1,166,725 1,166,725 1,166,725 1,166,725 Retained earnings Appropriated Legal reserve 200, , , ,000 Unappropriated 3,713,000 5,364,467 1,099,485 3,705,750 Other components of shareholders' equity 166,444 95, ,801 93,571 Total Shareholders' Equity of Parent Company 7,246,169 8,827,056 4,632,011 7,166,046 Non-controlling interests 248, , Total Shareholders' Equity 7,494,764 9,114,901 4,632,011 7,166,046 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 13,468,665 12,196,068 8,755,851 7,558,363

3 STATEMENTS OF INCOME EXCEPT EARNINGS PER SHARE PRESENTED IN BAHT Notes REVENUES Advertising income 3,508,104 3,547, , ,784 Income from copyright and other services 98, , , ,582 Income from organizing concerts and shows 144, , Sales of goods 19,698 14, Dividend income ,600 - Other incomes Interest income 30,032 38,259 24,987 19,052 Others 9,804 5, Total other incomes 39,836 43,391 25,211 19,312 Total Revenues 3,810,622 3,872, , ,678 EXPENSES Cost of sales and services 1,773,130 1,564, , ,159 Cost of organizing concerts and shows 111, , Selling expenses 114, , Administrative expenses 359, ,679 51,299 48,613 Directors' remuneration 14 5,220 4,910 5,220 4,910 Finance costs 2, ,345 - Total Expenses 15 2,366,250 2,106, , ,682 Share of profit of associates held by subsidiary 14,337 13, Profit before Income Tax Expenses 1,458,709 1,779, , ,996 Income Tax Expenses , ,176 40,355 42,815 Profit for the periods 1,153,783 1,421, , ,181 Profit attributable to Equity holders of the parent 1,148,533 1,381, , ,181 Non-controlling interests 5,250 40, ,153,783 1,421, , ,181 Earnings per share to equity holders of the parent Basic Earnings Per Share (Baht)

4 Issued and paid-up 2,000,000,000 common stocks STATEMENTS OF COMPREHENSIVE INCOME Profit for the periods 1,153,783 1,421, , ,181 Other Comprehensive Income (Loss):- Translation of financial statements differences (2,750) (1,262) - - Gain on remeasuring available-for-sale securities 90,287 62,328 90,287 62,328 Components of income tax (18,057) (12,466) (18,057) (12,466) Gain on remeasuring available-for-sale securities-net of tax 72,230 49,862 72,230 49,862 Actuarial losses from employee benefit plan - (38,223) - (4,248) Components of income tax - 7, Actuarial losses from employee benefit plan-net of tax - (30,964) - (3,398) Other Comprehensive Income for the periods-net of tax 69,480 17,636 72,230 46,464 Total comprehensive income for the periods 1,223,263 1,439, , ,645 Total comprehensive income attributable to Equity holders of the parent 1,219,113 1,402, , ,645 Non-controlling interests 4,150 36, ,223,263 1,439, , ,645

5 STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY Equity holders of the parent Retained earnings Other components of shareholders' equity Issued and Premium on paid-up share Total other common stocks Appropriated - Other comprehensive income (loss) capital Unappropriated components of Legal reserve Translation of Available-for-sale shareholders' Notes financial statements investments Total equity holders of the parent Non-controlling interests Total shareholders' equity Year 2014 Beginning balances, January 1, ,000,000 1,166, ,000 5,364,467 2,293 93,571 95,864 8,827, ,845 9,114,901 Total comprehensive income for the period ,148,533 (1,650) 72,230 70,580 1,219,113 4,150 1,223,263 Dividend payment 14 (2,800,000) (2,800,000) - (2,800,000) Subsidiary's dividend paid to non-controlling interests - (43,400) (43,400) Ending balances, March 31, ,000,000 1,166, ,000 3,713, , ,444 7,246, ,595 7,494,764 Year 2013 Beginning balances, January 1, ,000,000 1,166, ,000 4,702,449 (128) 13,419 13,291 8,082, ,834 8,307,299 Comprehensive income for the period 2013 :- Comprehensive income for the period 1,381,119 (757) 49,862 49,105 1,430,224 39,906 1,470,130 Actuarial losses from employee benefit plan (27,466) (27,466) (3,498) (30,964) Total comprehensive income for the period ,353,653 (757) 49,862 49,105 1,402,758 36,408 1,439,166 Dividend payment 14 (2,500,000) (2,500,000) - (2,500,000) Ending balances, March 31, ,000,000 1,166, ,000 3,556,102 (885) 63,281 62,396 6,985, ,242 7,246,465 STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY Issued and paid-up share i l Premium on common stocks Appropriated - L l Retained earnings Unappropriated Other components of shareholders' equity Other comprehensive Total shareholders' income equity

6 capital Legal reserve Available-for-sale Notes investments Year 2014 Beginning balances, January 1, ,000,000 1,166, ,000 3,705,750 93,571 7,166,046 Total comprehensive income for the period ,735 72, ,965 Dividend payment 14 (2,800,000) - (2,800,000) Ending balances, March 31, ,000,000 1,166, ,000 1,099, ,801 4,632,011 Year 2013 Beginning balances, January 1, ,000,000 1,166, ,000 3,103,230 13,419 6,483,374 Comprehensive income for the period 2013 :- Comprehensive income for the period 170,181 49, ,043 Actuarial losses from employee benefit plan (3,398) - (3,398) Total comprehensive income for the period ,783 49, ,645 Dividend payment 14 (2,500,000) - (2,500,000) Ending balances, March 31, ,000,000 1,166, , ,013 63,281 4,200,019 STATEMENTS OF CASH FLOWS (1/3) CASH FLOWS FROM OPERATING ACTIVITIES Profit before income tax expenses 1,458,709 1,779, , ,996 ADJUSTMENTS TO RECONCILE PROFIT BEFORE INCOME TAX EXPENSES TO NET CASH PROVIDED FROM (USED IN) OPERATIONS Depreciation 24,630 22, Amortization of intangible assets 15,841 8, Amortization of right to use property 49,264 37, Amortization of additional compensation 11,535 11, Amortization of pictures rental, plays, picture products and copyright charges 496, , , ,620 Amortization of withholding tax Allowance for goods returned Increase (decrease) in doubtful debt-trade accounts receivable (297) (19) - - -Short-term loans to related partie (160) Increase in allowance for diminution of inventories 1, Unrealized gain on investments in Open-end Fund (248) (Gain) Loss on equipment and intangible assets disposal (175) Unrealized (gain) loss on exchange rates 1, (2) Dividend income - - (33,600) - Interest income (30,032) (38,259) (24,987) (19,052)

7 Interest expenses 2, ,345 - Share of profit of associates held by subsidiary (14,337) (13,332) - - Long-term employee benefits expenses 8,478 8, Profit from operation before changes in operating assets and liabilities items 2,026,853 2,249, , ,427 STATEMENTS OF CASH FLOWS (2/3) CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) (INCREASE) DECREASE IN OPERATING ASSETS ITEMS Trade and other receivables 414,055 26,668 61,947 (4,883) Inventories (447) (526) - - Other current assets (184,808) (124,282) (3,497) (13,395) Deposit on pictures copyright charges (5,615) - (5,615) - Prepaid plays production 55,032 (41,009) 55,032 (41,009) Other non-current assets 12,775 (18,822) - - INCREASE (DECREASE) IN OPERATING LIABILITIES ITEMS Trade and other payables (275,996) 101,867 (41,651) 109,726 Accrued expenses 163, ,863 8,322 7,596 Other current liabilities 77, ,914 (4,691) (5,398) Provision for employee benefits (45) (190) - - Other non-current liabilities CASH PROVIDED FROM OPERATION 2,283,492 2,450, , ,064 Interest expenses paid (2,777) (56) - - Income tax expenses paid (146,485) (135,399) (23,631) (20,699) Translation of financial statements differences (106) (32) - - NET CASH PROVIDED FROM OPERATING ACTIVITIES 2,134,124 2,315, , ,365 CASH FLOWS FROM INVESTING ACTIVITIES (Increase) decrease in fixed deposit at bank 1,712,877 (336,446) 205,807 (386,459) Decrease in deposit at financial institutions - 250, Increase in bank deposits with obligation (1,979) (2,286) - - Interest income 29,287 41,100 5,271 18,910 Proceeds from dividend income ,994 - Increase in short-term loans to related parties - - (1,500,000) - Settlement from short-term loans to related parties 13,032-60,000 22,000 Purchase of equipment (21,816) (30,071) (1,897) (28) Proceeds from equipment and intangible assets disposal Increase in intangible assets (17,968) (14,135) - -

8 Increase in right to use property (70,249) (2,649) - - Increase in pictures rental, picture products, plays and copyright charges (603,718) (448,011) (585,498) (433,838) Proceeds from plays disposal ,573 82,824 Prepaid cost of application for spectrum licensing (1,256,100) NET CASH USED IN INVESTING ACTIVITIES (216,390) (542,387) (1,269,750) (696,591) STATEMENTS OF CASH FLOWS (3/3) CASH FLOWS FROM FINANCING ACTIVITIES Decrease in short-term borrowings from financial institutions (100,000) Increase in short-term borrowings from related parties ,000 - Subsidiary's dividend paid to non-controlling interests (6) Payment of financial leases (250) (183) - - NET CASH PROVIDED FROM (USED IN) FINANCING ACTIVITIES (100,256) (183) 950,000 - NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,817,478 1,772, ,474 (113,226) CASH AND CASH EQUIVALENTS AS AT JANUARY 1, 2,522,664 3,097, ,588 1,192,232 CASH AND CASH EQUIVALENTS AS AT MARCH 31, 4,340,142 4,870, ,062 1,079,006 ADDITIONAL DISCLOSURE ITEMS TO CASH FLOWS STATEMENTS : NON-CASH ITEMS CONSIST OF Transferred accrued interest income to short-term loans to related parties - - 1,935 2,075 Accrued dividend income - - 1,933,590 2,099,984 Transferred withholding tax over 1 year to non-current assets 16, Increase in equipment from assets payable 3,575 3, Accrued dividend payment 2,800,000 2,500,000 2,800,000 2,500,000 Subsidiary's dividend payable to non-controlling interests 43, Increase (decrease) investment in associate due to translation of financial statements differences on exchange rate (2,643) 1, Available-for-sale securities Gain on remeasuring available-for-sale securities 90,287 62,328 90,287 62,328 Transferred leasehold improvement and equipment to intangible assets 2, Decrease in other payable from cancel royalty football players (2,117) Transferred prepaid expense to prepaid cost of application for spectrum licensing (3,000) Transferred deposit guarantee on application for spectrum licensing to prepaid cost of application for spectrum licensing (203,000) Effect of adjusted actuarial losses from employee benefit plan - Increase deferred tax assets - 7, Increase provision for long-term employee benefits - (38,643) - (4,248)

9 - Decrease retained earnings - 27,466-3,398 - Decrease non-controlling interests - 3,