(Unit: Million)

Financial Overview 2018 2017 2016
Statement of Income (million baht)
Warehouse rental and service income 1,902.99 1,001.94 648.47
Other rental and service income 24.18 19.04 2.64
Undertaking income 51.01 58.39 57.83
Interest income 1.75 0.84 0.82
Total income 1,979.93 1,080.21 709.75
Total expenses (335.82) (176.24) (113.76)
Profit before financial costs and net gain (loss) from investment 1,644.11 903.97 595.99
Financial costs (334.42) (176.31) (120.81)
Net investment income (Profit before net gain (loss) from investment) 1,309.69 727.66 475.18
Total net gain (loss) from investment 163.32 (49.15) (95.38)
Increase net assets from operations during the year (Net profit) 1,473.01 678.51 379.80
Balance Sheet (million baht)
Investment in properties at fair value 30,593.97 25,948.85 13,082.76
Investment in securities at fair value 1,130.71 346.61 181.69
Cash and cash equivalents 139.66 787.13 285.65
Other assets 786.98 731.87 372.45
Total assets 32,651.32 27,814.46 13,922.55
Borrowing from financial institutions 5,266.70 7,714.40 3,970.00
Debentures 4,200.00 - -
Other liabilities 1,201.29 1,000.74 411.56
Total liabilities 10,667.99 8,715.14 4,381.56
Net assets 21,983.33 19,099.32 9,540.99
Financial Ratio
Unit outstanding at the end of period (units) 2,248,454,220 1,963,977,172 972,142,000
Net assets value per unit (baht/unit) 9.777 9.7248 9.8144
Increase in net assets from operations period per unit (net profit per unit) (baht/unit) 0.6551 0.3455 0.3907
Current ratio1 (times) 4.86 4.81 3.74
Total liabilities to total assets (%) 32.67 31.33 31.47
Total liabilities to net assets value ratio (times) 0.49 0.46 0.46
Interest bearing debt to total assets ratio (%) 28.99 27.74 28.51
Net debt to EBITDA ratio 2(times) 5.39 7.83 6.14
Interest coverage ratio : ICR (times) 4.92 5.13 4.93
Interest Bearing Debt matured in 1 year to total interest bearing Debt (%) 0.03 0.03 0.07

* Notes :

1 Current ratio = Current assets / Current liabilities

2 Net debt to EBITDA ratio = Debt - (Cash and cash equivalents + Investment in securities at fair value) / Earnings Before Interest Tax Depreciation and Amortization