| Financial Overview | 2019 | 2018 | 2017 |
|---|---|---|---|
| Statement of Income (million baht) | |||
| Warehouse rental and service income | 2,201.63 | 1,902.99 | 1,001.94 |
| Other rental and service income | 33.32 | 24.18 | 19.04 |
| Undertaking income | 28.29 | 51.01 | 58.39 |
| Interest income | 0.57 | 1.75 | 0.84 |
| Total income | 2,263.81 | 1,979.93 | 1,080.21 |
| Total expenses | (373.34) | (335.82) | (176.24) |
| Profit before financial costs and net gain (loss) from investment | 1,890.47 | 1,644.11 | 903.97 |
| Financial costs | (342.50) | (334.42) | (176.31) |
| Net investment income (Profit before net gain (loss) from investment) | 1,547.97 | 1,309.69 | 727.66 |
| Total net gain (loss) from investment | 366.62 | 163.32 | (49.15) |
| Increase net assets from operations during the year (Net profit) | 1,914.59 | 1,473.01 | 678.51 |
| Balance Sheet (million baht) | |||
| Investment in properties at fair value | 35,846.21 | 30,593.97 | 25,948.85 |
| Investment in securities at fair value | 1,174.49 | 1,130.71 | 346.61 |
| Cash and cash equivalents | 279.58 | 139.66 | 787.13 |
| Other assets | 853.95 | 786.98 | 731.87 |
| Total assets | 38,154.23 | 32,651.32 | 27,814.46 |
| Borrowing from financial institutions | 1,521.90 | 5,266.70 | 7,714.40 |
| Debentures | 8,000.00 | 4,200.00 | - |
| Other liabilities | 1,316.54 | 1,201.29 | 1,000.74 |
| Total liabilities | 10,838.44 | 10,667.99 | 8,715.14 |
| Net assets | 27,315.79 | 21,983.33 | 19,099.32 |
| Financial Ratio | |||
| Unit outstanding at the end of period (units) | 2,554,629,507 | 2,248,454,220 | 1,963,977,172 |
| Net assets value per unit (baht/unit) | 10.6926 | 9.777 | 9.7248 |
| Increase in net assets from operations period per unit (net profit per unit) (baht/unit) | 0.7495 | 0.6551 | 0.3455 |
| Current ratio1/ (times) | 3.59 | 4.80 | 4.75 |
| Total liabilities to total assets (%) | 28.41 | 32.67 | 31.33 |
| Total liabilities to net assets value ratio (times) | 0.40 | 0.49 | 0.46 |
| Interest bearing debt to total assets ratio (%) | 24.96 | 28.99 | 27.74 |
| Net debt to EBITDA ratio 2/(times) | 4.68 | 5.39 | 7.83 |
| Interest coverage ratio : ICR (times) | 5.52 | 4.92 | 5.13 |
| Interest Bearing Debt matured in 1 year to total interest bearing Debt (%) | 1.89 | 0.03 | 0.03 |
* Notes :
1/ Current ratio = (Cash and cash equivalents + Investments in securities at fair value + Other current assets) / (Interest Bearing Debt matured in 1 year + Unearned rental and service income + Accounts payable + Accrued expenses + Other 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