Univanich Palm Oil Public Company Limited
Financial Statement
| Balance Sheet As at 31 December 2009 and 2008 |
Note | ||
|---|---|---|---|
| 31 December 2009 (Unaudited) |
31 December 2008 (Audited) |
||
| Assets | |||
| Current assets | |||
| Cash and cash equivalents | 6 | 697,785,772 | 698,228,316 |
| Short-term investments | 7 | 40,000,000 | 270,162,197 |
| Trade accounts receivable, net | 8 | 166,723,169 | 101,795,839 |
| Inventories, net | 9 | 111,550,006 | 112,053,258 |
| Other current assets | 9,564,790 | 3,800,211 | |
| Total current assets | 1,025,623,737 | 1,186,039,821 | |
| Non-current assets | |||
| Loans to contractors | 2,144,445 | 2,083,222 | |
| Palm plantation, net | 10 | 175,054,712 | 168,520,898 |
| Property, plant and equipment, net | 11 | 1,019,711,971 | 919,583,706 |
| Advance payment for purchases of land | 22 | 1,092,887 | 3,968,843 |
| Total non-current assets | 1,198,004,015 | 1,094,156,669 | |
| Total assets | 2,223,627,752 | 2,280,196,490 | |
| Liabilities and shareholders’ equity | |||
| Current liabilities | |||
| Trade accounts payable | 36,492,746 | 49,160,675 | |
| Accrued income tax | 38,460,518 | 50,467,350 | |
| Accrued expenses | 12 | 44,682,878 | 72,277,552 |
| Current portion of provision for employee benefits | 13 | 1,006,262 | 11,376,745 |
| Other current liabilities | 29,057,555 | 35,806,626 | |
| Total current liabilities | 149,699,959 | 219,088,948 | |
| Non-current liabilities | |||
| Provision for employee benefits | 13 | 43,993,738 | 47,623,255 |
| Total non-current liabilities | 43,993,738 | 47,623,255 | |
| Total liabilities | 193,693,697 | 266,712,203 | |
| Shareholders’ equity | |||
| Share capital | |||
| Registered share capital Ordinary shares | 470,000,000 | 470,000,000 | |
| Issued and paid-up share capital Ordinary shares | 470,000,000 | 470,000,000 | |
| Premium on share capital | 267,503,419 | 267,503,419 | |
| Retained earnings | |||
| Appropriated | |||
| Legal reserve | 47,000,000 | 47,000,000 | |
| General reserve | 20,000,000 | 20,000,000 | |
| Unappropriated | 1,225,430,636 | 1,208,980,868 | |
| Total shareholders’ equity | 2,029,934,055 | 2,013,484,287 | |
| Total liabilities and shareholders’ equity | 2,223,627,752 | 2,280,196,490 | |
| Statements of Income For the years ended 31 December 2009 and 2008 |
Note | ||
| 2009 (Unaudited) |
2008 (Unaudited) |
||
| Revenues from sales | 26 | 3,966,834,642 | 6,835,826,289 |
| Cost of sales | (3,147,766,056) | (5,084,603,756) | |
| Gross profit | 819,068,586 | 1,751,222,533 | |
| Other income | 21,415,373 | 17,994,500 | |
| Profit before expenses | 840,483,959 | 1,769,217,033 | |
| Selling expenses | (101,134,436) | (103,762,019) | |
| Administrative expenses | (36,231,005) | (57,655,773) | |
| Management benefit expenses | 16 | (39,004,152) | (46,522,108) |
| Total expenses | (176,369,593) | (207,939,900) | |
| Profit before financial costs and income tax | 17 | 664,114,366 | 1,561,277,133 |
| Finance costs | - | - | |
| Profit before income tax | 664,114,366 | 1,561,277,133 | |
| Income tax | 19 | (83,664,598) | (116,615,863) |
| Net profit for the year | 580,449,768 | 1,444,661,270 | |
| Earnings per share | 20 | ||
| Basic earnings per share | 6.17 | 15.37 | |
