Page 97 - Anual report STi 2022_eng

In 2022, the STI Group had an increase in financial 4.2 Financial Position Analysis

expenses of 1.78 million baht, or an increase of 15.96 percent Assets
compared to 2021. This is mainly due to financial expenses The STI Group had total assets as at December 31,
from short-term loans for liquidity management and long-term 2021 - 2022 in the amounts of 1,946.37 million baht and
loans for investments in AEC businesses. Interest expenses 2,142.38 million baht, respectively. It consists of current

on borrowings will vary according to changes in borrowings assets of 1,344.76 million baht and 1,598.83 million baht,
from financial institutions of the STI Group, comprising bank respectively, or 69.09 percent and 74.63 percent of total
overdrafts and short-term from banks and long-term assets each year. In addition, there were non-current assets
borrowings from financial institutions. of 601.61 million baht and 543.55 million baht, respectively,

While the interest expense from the lease will vary representing 30.91 percent and 25.37 percent of total assets
according to the lease liabilities of the STI Group, consisting each year. The details of each important item are as follows:
of the liabilities under the right-of-use lease and the hire Cash and Cash Equivalents

purchase of assets of the STI Group, in 2022, interest expenses The STI Group had cash and cash equivalents as at
from lease liabilities for the STI Group decreased by 0.22 December 31, 2021 - 2022 , in the amounts of 23.22 million
million baht, or 7.48 percent, compared to the previous year. baht and 94.13 million baht, or representing 1.19 percent and

Profit for the Year and Profit Margin for the Year on 4.39 percent of total assets, respectively. The changes
Total Revenue in cash and cash equivalents can be considered from the
summary table of the cash flow statement as follows:
The STI Group has a profit for the years 2021 - 2022, in
the amount of 167.96 million baht and 169.13 million baht, Summary of the Cash Flow Statement of the STI Group
respectively, an increase of 1.17 million baht or a 0.70 percent For the Year Ended December 31, 2021 - 2022
increase compared to 2021. This corresponds to an increase Consolidated Financial

in gross profit of 31.27 million baht this year, while the (Unit : Million Baht) Statements for the Year Ended
STI Group has an increase in administrative and financial December December
expenses of 24.53 million baht and 1.78 million baht, 31, 2021 31, 2022
respectively. As a result, profit for the year increased by that Net cash flows from 41.54 132.35
amount this year. In 2022, the STI Group's profit margin for (used in) operating

the year was 9.70 percent, a slight increase compared to the activities
previous year's profit margin for the year of 9.64 percent. Net cash flows from 24.12 (20.89)
Net Profit and Net Profit Margin Attributable to Equity (used in) investment

Holders of the Company activities
Net cash flows from (118.54) (40.55)
In 2022, the STI Group had a profit attributable to (used in) financing

equity holders of the Company (net profit) of 145.57 million activities
baht, an increase of 1.14 million baht or an increase of 0.79 Net increase (decrease) (52.88) 70.91
percent compared to the previous year of non-controlling in cash and cash
interests in the subsidiary in the amount of 23.56 million baht equivalents
which is profit attributable to non-controlling interests in AEC Cash and cash equivalents 76.10 23.22

subsidiaries. The STI Group has a net profit margin of 8.35 at the beginning of the year
percent in 2022, a slight increase compared to the net Cash and cash equivalents 23.22 94.13
of subsidiaries at the
profit margin of 8.29 percent in the previous year. acquisition date

Stonehenge Inter Public Company Limited 95