Cal Comp Electronics Thailand : 2023 Q1 Consolidated Interim Financial Statements

Cal-Comp Electronics (Thailand) 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 Cal-Comp Electronics (Thailand) Public Company Limited

I have reviewed the accompanying consolidated statement of financial position of Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries as at 31 March 2023, and the related consolidated statements of income, comprehensive income, changes in shareholders' equity, and cash flows for the three-month period then ended, which are presented in US Dollar and Baht, as well as the condensed notes to the interim consolidated financial statements. I have also reviewed the separate financial information of Cal-Comp Electronics (Thailand) 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.

Emphasis of matter

I draw attention to Note 2 to the interim consolidated financial statements, the Company has substantial product sale and raw material purchase transactions with its subsidiaries and related companies. My conclusion is not modified in respect of this matter.

Rosaporn Decharkom

Certified Public Accountant (Thailand) No. 5659

EY Office Limited

Bangkok: 12 May 2023

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Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries Statements of financial position

As at 31 March 2023

(Unit: Thousand US Dollar)

Consolidated financial statements

(Unit: Thousand Baht)

Consolidated financial statements

	Note		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		263,110	202,658	8,971,743	7,004,347
Trade and other receivables	2, 3	1,012,584	1,040,717	34,527,916	35,969,694
Inventories		597,281	639,930	20,366,565	22,117,526
Advances payment for raw materials and molds		50,790	51,043	1,731,885	1,764,180
Other current financial assets		-	6	-	206
Other current assets		203,441	197,309	6,937,155	6,819,458
Assets held for sale	4	16,410	16,488	559,563	569,860
Total current assets
	2,143,616	2,148,151	73,094,827	74,245,271
Non-current assets
Restricted bank deposits		301	491	10,254	16,964
Other non-current financial assets		33	33	1,110	1,126
Investments in associates	5.1	58,360	57,784	1,990,015	1,997,158
Property, plant and equipment	7	544,827	539,605	18,577,935	18,650,031
Right-of-use assets		17,539	18,139	598,047	626,917
Deferred tax assets		6,824	4,613	232,692	159,420
Plan assets for long-term employee benefits		3,338	3,218	113,809	111,235
Other non-current assets		20,512	21,268	699,418	735,084
Total non-current assets
	651,734	645,151	22,223,280	22,297,935
Total assets
	2,795,350	2,793,302	95,318,107	96,543,206

The accompanying notes to interim consolidated financial statements are an integral part of the financial statements.

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The accompanying notes to interim

Total shareholders' equity

Total liabilities and shareholders' equity

Shareholders' equity

Total liabilities

Total non-currentliabilities

Long-termloans, net of current portion Lease liabilities, net of current portion Provision for long-termemployee benefits Deferred tax liabilities

Other non-currentliabilities

Provision for transaction under equity method of investments in associates

Non-currentliabilities

Total current liabilities

Short-termloans from financial institutions Trade and other payables

Current portion of lease liabilities Income tax payable

Other current financial liabilities Other current liabilities Liabilities held for sale

Liabilities and shareholders' equity Current liabilities

Cal-Comp Electronics (Thailand) Public Company Limited and its subsidiaries Statements of financial position (continued)

As at 31 March 2023

(Unit: Thousand US Dollar)

Consolidated financial statements

(Unit: Thousand Baht)

Consolidated financial statements

		Note		31 March 2023		31 December 2022		31 March 2023		31 December 2022
				(Unaudited		(Audited)		(Unaudited		(Audited)
				but reviewed)				but reviewed)
		8	721,000	699,859	24,585,236	24,188,802
		2, 9	982,670	1,011,588	33,507,852	34,962,899
			4,129	4,968	140,808	171,716
			5,703	4,035	194,449	139,450
			866	1,101	29,546	38,067
			45,222	46,139	1,542,005	1,594,679
		4	14,315	22,457	488,120	776,166
			1,773,905	1,790,147	60,488,016	61,871,779
		10
		419,392	419,350	14,300,773	14,493,738
			12,912	12,628	440,269	436,448
			12,766	12,636	435,312	436,721
			273	352	9,323	12,146
			1,621	1,578	55,257	54,535
		5.1	18,176	16,577	619,783	572,940
			465,140	463,121	15,860,717	16,006,528
			2,239,045	2,253,268	76,348,733	77,878,307
Share capital	11, 12
Registered share capital
5,625,920,928 ordinary share of 1 Baht each		172,858	172,858	5,625,921	5,625,921
Issued and fully paid-up share capital
5,400,006,254 ordinary share of 1 Baht each
(31 December 2022: 5,386,344,480 ordinary shares of Baht 1 each)	166,388	165,971	5,400,006	5,386,344
Share premium		106,189	105,754	3,445,765	3,431,481
Capital reserve for share-based payment transactions		10,339	10,392	331,108	332,818
Capital surplus from change in shareholding in the subsidiaries		2,431	2,431	78,898	78,898
Retained earnings
Appropriated - statutory reserve		17,231	17,231	562,592	562,592
Unappropriated		329,222	321,184	10,752,650	10,479,267
Other components of shareholders' equity		(80,040)	(87,254)	(1,756,643)	(1,755,987)
Equity attributable to owners of the Company		551,760	535,709	18,814,376	18,515,413
Non-controlling interests of the subsidiaries		4,545	4,325	154,998	149,486
			556,305	540,034	18,969,374	18,664,899
			2,795,350	2,793,302	95,318,107	96,543,206
			-	-	-	-

consolidated financial statements are an integral part of the financial statements.

Directors

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