STATEMENTS OF FINANCIAL POSITION ASSETS As at As at As at As at March 31, 2015 December 31, 2014 March 31, 2015 December 31, 2014 Notes Current Assets Cash and cash equivalents 4 2,852,782 1,993,009 145,225 154,315 Short-term investments Fixed deposit at bank 1,231,340 1,256,592 - - Investments in Open-end Fund 5 50,405 50,187 - - Total short-term investments 1,281,745 1,306,779 - - Trade and other receivables 6 1,340,714 1,259,770 946,383 965,432 Short-term loans to related parties 7 26,316 26,569 3,013,530 2,919,754 Inventories 7,101 8,734 2,626 2,214 Other current assets Dividend receivable - - 1,564,791 1,499,991 Concerts and television programmes under process 187,998 297,488 - - Accrued interest income 17,488 10,375 36,952 73,630 Others 528,461 441,835 57,156 56,902 Total other current assets 733,947 749,698 1,658,899 1,630,523 Total Current Assets 6,242,605 5,344,559 5,766,663 5,672,238 Non-current Assets Available-for-sale securities 8 385,906 460,175 385,906 460,175 Investments in associates 9 147,244 149,158 - - Investments in subsidiaries 9 - - 1,000,674 1,000,674 Bank deposits with obligation 333,555 332,201 - - Other long-term investments 3,000 3,000 - - Investments property 65,150 65,150 650 650 Property, plant and equipment 632,969 543,355 11,560 11,661 Intangible assets 94,113 89,049 560 418 Deferred right to use property 954,180 1,009,444 - - Deferred right to use spectrum 10 6,070,779 6,177,201 - - Deferred additional compensation 233,387 244,922 - - Deferred pictures rental, picture products, plays and copyright charges 1,891,057 1,901,175 983,733 956,185 Deposit on pictures copyright 70,696 57,666 70,696 57,666 Prepaid plays production 606,807 595,504 606,807 595,504 Deferred tax assets 17 263,345 204,947 25,107 - Other non-current assets 129,231 111,734 10,165 10,148 Total Non-current Assets 11,881,419 11,944,681 3,095,858 3,093,081 TOTAL ASSETS 18,124,024 17,289,240 8,862,521 8,765,319 STATEMENTS OF FINANCIAL POSITION LIABILITIES AND SHAREHOLDERS' EQUITY As at As at As at As at March 31, 2015 December 31, 2014 March 31, 2015 December 31, 2014 Notes
Current Liabilities Bank overdrafts and short-term borrowings from financial institutions 167,000 159,573 - - Trade and other payables 11 1,143,536 1,118,751 433,315 447,113 Accrued expenses 772,652 554,877 45,380 64,021 Current portion of financial leases 1,432 1,094 - - Current portion of accrued right to use spectrum 13 1,053,100 1,053,100 - - Short-term borrowings from related parties 12 - - 1,086,445 1,050,000 Corporate income tax payable 410,826 298,702 88,663 46,710 Dividend payable 2,000,000-2,000,000 - Other current liabilities Revenue Department payable 99,680 159,843 13,448 22,427 Undue sale tax 73,108 71,665 42,899 55,265 Cash received from selling ticketsthe contracting companies 134,639 192,137 - - Unearned revenue 210,634 274,930 - - Others 5,734 6,284 608 1,243 Total other current liabilities 523,795 704,859 56,955 78,935 Total Current Liabilities 6,072,341 3,890,956 3,710,758 1,686,779 Non-current Liabilities Financial leases 4,684 1,805 - - Accrued right to use spectrum 13 3,958,800 3,958,800 - - Provision for long-term employee benefits 14 512,478 503,607 50,158 49,648 Defered tax liabilities 17 - - - 28,873 Other non-current liabilities 430 360 - - Total Non-current Liabilities 4,476,392 4,464,572 50,158 78,521 Total Liabilities 10,548,733 8,355,528 3,760,916 1,765,300 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 200,000 200,000 200,000 200,000 Unappropriated 3,723,398 4,979,454 1,498,014 3,337,013 Other components of shareholders' equity 238,934 299,341 236,866 296,281 Total Shareholders' Equity of Parent Company 7,329,057 8,645,520 5,101,605 7,000,019 Non-controlling interests 246,234 288,192 - - Total Shareholders' Equity 7,575,291 8,933,712 5,101,605 7,000,019 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 18,124,024 17,289,240 8,862,521 8,765,319 STATEMENTS OF INCOME EXCEPT EARNINGS PER SHARE PRESENTED IN BAHT Notes REVENUES Advertising income 3,515,281 3,508,104 233,772 225,114 Income from copyright and other services 109,768 98,665 483,848 486,509 Income from organizing concerts and shows 419,223 144,319 - - Sales of goods 43,217 19,698 1,212 - Dividend income - - 64,800 33,600 Other incomes
Interest income 14,669 30,032 28,050 24,987 Others 10,096 9,804 840 224 Total other incomes 24,765 39,836 28,890 25,211 Total Revenues 4,112,254 3,810,622 812,522 770,434 EXPENSES Cost of sales and services 2,276,040 1,773,130 560,240 473,735 Cost of organizing concerts and shows 364,440 111,417 - - Selling expenses 117,040 114,456 472 745 Administrative expenses 391,225 359,240 51,896 51,299 Directors' remuneration 15 5,230 5,220 5,230 5,220 Finance costs 2,566 2,787 9,398 5,345 Total Expenses 16 3,156,541 2,366,250 627,236 536,344 Share of profit (loss) of associates held by subsidiary (416) 14,337 - - Profit before Income Tax Expenses 955,297 1,458,709 185,286 234,090 Income Tax Expenses 17 197,450 304,926 24,285 40,355 Profit for the periods 757,847 1,153,783 161,001 193,735 Profit attributable to Equity holders of the parent 743,944 1,148,533 161,001 193,735 Non-controlling interests 13,903 5,250 - - 757,847 1,153,783 161,001 193,735 Earnings per share to equity holders of the parent Basic Earnings Per Share (Baht) 0.37 0.57 0.08 0.10 Issued and paid-up 2,000,000,000 common stocks STATEMENTS OF COMPREHENSIVE INCOME Profit for the periods 757,847 1,153,783 161,001 193,735 Other comprehensive income (loss) :- Translation of financial statements differences (1,653) (2,750) - - Gain (loss) on remeasuring available-for-sale securities (74,269) 90,287 (74,269) 90,287 Components of income tax 14,854 (18,057) 14,854 (18,057) Gain (loss) on remeasuring available-for-sale securities-net of tax (59,415) 72,230 (59,415) 72,230 Other comprehensive income (loss) for the periods-net of tax (61,068) 69,480 (59,415) 72,230 Total comprehensive income for the periods 696,779 1,223,263 101,586 265,965 Total comprehensive income attributable to Equity holders of the parent 683,537 1,219,113 101,586 265,965
Non-controlling interests 13,242 4,150 - - 696,779 1,223,263 101,586 265,965 STATEMENTS OF CASH FLOWS (1/3) CASH FLOWS FROM OPERATING ACTIVITIES Profit before income tax expenses 955,297 1,458,709 185,286 234,090 ADJUSTMENTS TO RECONCILE PROFIT BEFORE INCOME TAX EXPENSES TO NET CASH PROVIDED FROM (USED IN) OPERATIONS Depreciation 31,793 24,630 684 908 Amortization of intangible assets 9,719 15,841 8 - Amortization of right to use property 55,264 49,264 - - Amortization of right to use spectrum 106,422 - - - Amortization of additional compensation 11,535 11,535 - - Amortization of pictures rental, plays, picture products and copyright charges 573,492 496,613 479,070 410,247 Amortization of withholding tax 2,103 927 - - Increase (decrease) allowance for goods returned (1,604) 238 - - Increase (decrease) in doubtful debt-trade accounts receivable 3,131 (297) - - -Short-term loans to related parties - (160) 373 381 Increase in allowance for diminution of inventories 2,779 1,981 - -
Unrealized gain on investments in Open-end Fund (218) (248) - - Gain on disposal and unused equipment (428) (175) - - Unrealized (gain) loss on exchange rates 494 1,099 (22) 132 Dividend income - - (64,800) (33,600) Interest income (14,669) (30,032) (28,050) (24,987) Interest expenses 2,566 2,787 9,398 5,345 Long-term employee benefits expenses 8,871 8,478 510 492 Share of (profit) loss of associates held by subsidiary 416 (14,337) - - Profit from operation before changes in operating assets and liabilities items 1,746,963 2,026,853 582,457 593,008 CASH FLOWS FROM OPERATING ACTIVITIES (CONTINUED) STATEMENTS OF CASH FLOWS (2/3) (INCREASE) DECREASE IN OPERATING ASSETS ITEMS Trade and other receivables (83,023) 414,055 19,049 61,947 Inventories (1,146) (447) (412) - Other current assets 32,894 (184,808) (254) (3,497) Deposit on pictures copyright charges (13,030) (5,615) (13,030) (5,615) Prepaid plays production (11,303) 55,032 (11,303) 55,032 Other non-current assets (2,745) 12,775 (17) - INCREASE (DECREASE) IN OPERATING LIABILITIES ITEMS Trade and other payables (11,766) (275,996) (14,103) (41,651) Accrued expenses 162,570 163,866 8,774 8,322 Other current liabilities (181,055) 77,816 (21,985) (4,691) Provision for employee benefits - (45) - - Other non-current liabilities 70 - - - CASH PROVIDED FROM OPERATION 1,638,429 2,283,486 549,176 662,855 Interest expenses paid (2,561) (2,777) (368) - Income tax expenses paid (155,755) (146,485) (21,458) (23,631) Translation of financial statements differences (155) (106) - - NET CASH PROVIDED FROM OPERATING ACTIVITIES 1,479,958 2,134,118 527,350 639,224 CASH FLOWS FROM INVESTING ACTIVITIES Decrease in fixed deposit at bank 25,252 1,712,877-205,807 Increase in bank deposit with obligation (1,354) (1,979) - - Interest income 7,530 29,287 1,579 5,271 Proceeds from dividend income - - - 449,994 Increase in short-term loans to related parties - - (31,000) (1,500,000) Settlement from short-term loans to related parties - 13,032-60,000
Purchase of equipment (81,101) (21,816) (251) (1,897) Proceeds from equipment and intangible assets disposal 498 244 - - Increase in intangible assets (14,680) (17,968) (150) - Increase in right to use property - (70,249) - - Increase in pictures rental, picture products, plays and copyright charges (563,374) (603,718) (560,484) (585,498) Proceeds from plays disposal - - 53,866 96,573 Payment for right to use spectrum - (1,256,100) - - NET CASH USED IN INVESTING ACTIVITIES (627,229) (216,390) (536,440) (1,269,750) STATEMENTS OF CASH FLOWS (3/3) CASH FLOWS FROM FINANCING ACTIVITIES Increase (decrease) in bank overdrafts and short-term borrowings from financial institutions 7,427 (100,000) - - Increase in short-term borrowings from related parties - - - 950,000 Payment of financial leases (383) (250) - - NET CASH PROVIDED FROM (USED IN) FINANCING ACTIVITIES 7,044 (100,250) - 950,000 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 859,773 1,817,478 (9,090) 319,474 CASH AND CASH EQUIVALENTS AS AT JANUARY 1, 1,993,009 2,522,664 154,315 465,588 CASH AND CASH EQUIVALENTS AS AT MARCH 31, 2,852,782 4,340,142 145,225 785,062 ADDITIONAL DISCLOSURE ITEMS TO CASH FLOWS STATEMENTS : NON-CASH ITEMS CONSIST OF Transferred accrued interest income to short-term loans to related parties - - 63,149 1,935 Transferred accrued interest expenses to short-term borrowings from related parties - - 36,445 - Transferred non-current assets to current assets 2,500 - - - Transferred withholding tax over 1 year to non-current assets 19,355 16,067 - - Increase in equipment from assets payable 36,879 3,575 332 - Increase in equipment from financial leases 3,600 - - - Accrued dividend payment 2,000,000 2,800,000 2,000,000 2,800,000 Subsidiary's dividend payable to non-controlling interests 55,200 43,410 - - Decrease investments in associate due to translation of financial statements differences on exchange rate (837) (2,643) - - Available-for-sale securities Gain (loss) on remeasuring available-for-sale securities (74,269) 90,287 (74,269) 90,287 Transferred leasehold improvement and equipment to intangible assets - 2,479 - - Transferred depreciation to selling tickets program under proce 103 - - - Decrease in other payable from cancellation of royalty foolball - (2,117) - - Transferred deposit guarantee on application for spectrum
licensing and prepaid expense to right to use spectrum - (206,000) - -