Financial Highlights

Financial Highlight


Statement of Financial Position as at the December 31st, 2016

(Unit: Baht)

Item 2016 % 2015 %
Assets
Investments in properties and leasehold rights at fair value (at cost: Baht 4,792,951,897) 4,725,000,000 95.02 4,789,092,000 95.85
Investments in security at fair value (at cost 31 December 2016 : Baht 150,000,000) 151,398,746 3.04 - -
Cash at banks 70,435,408 1.42 175,777,493 3.52
Accounts receivable
From rental 512,782 0.01 933,163 0.02
From interest 27,644 0.00 32,832 0.00
Other account receivable 483,816 0.01 191,655 0.00
Deferred expenses 23,395,308 0.47 30,185,713 0.60
Other assets 1,446,829 0.03 507,986 0.01
Total assets  4,972,700,533 100.00 4,996720,842 100.00
Liabilities
Trade payable and other payable 20,182,885 0.41 16,844,243 0.34
Deposits from rental 133,600,205 2.69 120,566,547 2.41
Rental revenue received in advance 2,113,798 0.04 2,198,190 0.04
Long-term loans 1,200,000,000 24.13 1,200,000,000 24.02
Total liabilities 1,355,896,888 27.27 1,339,608,980 26.81
Net assets
Fund registered 357,890,000 units of Baht 10 each 3,578,900,000 71.97 3,578,900,000 71.62
Capital from unitholders 357,890,000 units of Baht 10 each 3,578,900,000 71.97 3,578,900,000 71.62
Retained earnings 37,903,645 0.76 78,211,862 1.57
Net assets 3,616,803,645 72.73 3,657,111,862 73.19
Total liabilities and unitholders' equity 4,972,700,533 100.00 4,996,720,842 100.00

Statement of Comprehensive Income for the period of 1st January 2016 to December 31st ,2016

(Unit: Baht)

Item 2016 % 2015 %
Investment income
Rental and service income 357,489,612 86.79 176,446,651 83.86
Interest income 53,271,385 12.93 33,013,758 15.69
Other income 1,007,257 0.25 957,507 0.45
Total income 137,198 0.03 - -
Expenses 411,905,452 100.00 210,417,916 100.00
REIT management fee
Trustee and custodian fee 11,771,492 3.37 6,377,861 3.09
Registrar fee 15,076,198 4.32 8,174,791 3.96
Property management fee 1,623,873 0.47 822,445 0.40
Repair and maintenance expenses 3,628,297 1.04 1,275,907 0.62
Professional fees 1,526,109 0.44 1,001,342 0.48
Amortisation of deferred expenses 6,790,405 1.94 3,692,051 1.79
Interest expenses 47,947,866 13.73 25,936,101 12.55
Other expenses 9,475,825 2.71 2,330,379 1.13
Total expenses 97,840,065 28.02 49,610,877 24.02
Net investment income 314,065,387 89.94 160,807,039 77.85
Net loss from investments   - -
Net unrealised loss from investments (62,693,254) (17.95) (3,859,897) (1.87)
Total net loss from investments (62,693,254) (17.95) (3,859,897) (1.87)
Net increase in net assets resulting from operations 251,372,133 71.98 156,946,782 75.98

Cash Flow Statements for the period of 1st January 2016 to December 31st ,2016

(Unit: Baht)

ITEM 2016 2015
Net cash used in operating activities 231,130,320 (4,501,206,464)
Net cash from financing activities (336,472,405) 4,676,983,957
Net increase in cash at banks (105,342,085) 175,777,493
Cash at banks at the beginning of period 175,777,493 -
Cash at banks at the end of period /Year 70,435,408 175,777,493


Significant Financial Ratio

(Unit: Baht)

Financial Ratio 2016 2015
Net assets at the end of period/Year (Baht) 3,616,803,645 3,657,111,862
Average net assets during the period/Year (Baht) 3,666,149,994 3,643,350,852
Ratio of net investment income to total income (%) 76.25 76.42
Ratio of total expenses to average net assets during the period/Year (%) 2.67 1.36
Ratio of total investment income to average net assets during the period/Year (%) 11.24 5.78
Ratio of liabilities to average net assets during the period/Year (%) 36.98 36.77
Ratio of weighted average investment purchases and sales during the period to average net assets during the period/Year (%) * 0.13 131.55

* Investment purchases and sales exclude cash at banks and are calculated by a weighted average basis over the accounting period.