Page 87 - Amata-one-report2020-en

BUSINESS OPERATION AND OPERATING RESULTS CORPORATE GOVERNANCE FINANCIAL STATEMENTS ENCLOSURES

Assets

As of 31 December 2020, the Company and its subsidiaries had total assets of Baht 40,221.7 million, which increased
by Baht 3,824.2 million or 10.5% from the amount as of 31 December 2019. The main reasons are as follows:
• Real estate development costs increased Baht 2,627.7 million, was mainly from high land purchases in Amata
City Rayong Industrial Estate and Thai-Chinese Rayong Industrial Realty Development Co., Ltd.

• Prepayment for land-use rights in Vietnam increased Baht 1,078.5 million, are paid for land which the government
has completed land expropriation process.

Liabilities
As of 31 December 2020, the Company and its subsidiaries had total liabilities of Baht 21,469.1 million, which increased
by Baht 2,048.2 million or 10.5% from the amount as of 31 December 2019. The main reasons are as follows:

• Long-term loans, comprising of current portion and net of current portion, increased by Baht 1,693.7 million.
The movement of long-term loans showed that during the current year the Company and its subsidiaries had
additional borrowings totaling to Baht 3,150.0 million, and there were repayments amounting to Baht 1,456.3
million.

Shareholder’s equity
As of 31 December 2020, the Company and its subsidiaries had total shareholder’s equity of Baht 18,752.5 million,
which increased by Baht 1,776.1 million or 10.5% from the amount as of 31 December 2019. The main reason is
contribution of the Company’s net profit before noncontrolling interest for the year 2020 at Baht 1,401.9 million,
factored in dividend paid during the year totaling to Baht 499.6 million.

Analysis of trade and other receivables
As at 31 December 2020, the Company and its subsidiaries had an outstanding trade and other receivables totaling

to Baht 410 million, which comprised of trade and other receivables-unrelated parties amounting to Baht 388 million,
those of related parties amounting to Baht 22 million, and provision for doubtful debts Baht 12 million. Therefore, total
trade receivables are Baht 398 million.

The balance of trade receivables age based on due dates is summarized below:

• Not yet due amounting to Baht 163 million

• Past due up to 3 months amounting to Baht 21 million

• Past due longer than 3 to 9 months amounting to Baht 1 million

• Past due longer than 9 to 12 months amounting to Baht 0 million

• Past due over 12 months amounting to Baht 11 million

For the trade receivables-unrelated parties as of the year ended 2020 totaling to Baht 196 million, the Company
recorded a provision for doubtful debts at Baht 12 million. Owing to a good policy and a protective measure on the
debt collection, the Company had no bad debt arising from uncollectable accounts.

Amata Corporation Public Company Limited 87