AAV

|

4.28

+0.08 (+1.90%)

17/08/2018 (16:36)
Financial Highlight
Year 1H2017
(Baht million) 2013 2014 2015 2016 2017
INCOME STATEMENT
Revenues from sales and services 23,485.0 25,355.5 29,507.3 32,400.6 35,931.6 20,304.9
Cost of sales and services (19,928.4) (23,707.7) (25,315.1) (26,687.8) (31,028.7) (17,759.1)
Gross profit 3,556.7 1,647.9 4,192.2 5,712.8 4,902.8 2,545.8
Other income
(incl. net gain on exchange rates)
928.8 919.8 956.3 729.7 1,028.7 591.3
Profit before expenses 4,485.5 2,567.6 5,148.5 6,442.5 5,931.6 3,137.1
Selling and administrative expenses (1,755.7) (1,924.9) (2,377.4) (2,636.1) (2,949.7) (1,571.9)
Net loss on exchange rates - - (204.8) (79.5) 322.0 -
Profit before finance costs and income tax (EBIT) 2,729.8 642.8 2,566.4 3,727.0 3,303.9 1,565.3
Finance costs (171.0) (312.8) (457.1) (520.9) (653.2) (348.1)
Income tax (651.2) 1.3 (151.1) 191.5 34.1 51.1
Profit for the period 1,907.7 331.3 1,958.3 3,397.6 2,684.8 1,268.2
Non-controlling interests of a subsidiary 864.9 148.1 879.8 1,528.1 1,207.3 570.2
Profit attributable to equity holders of the Company 1,042.8 183.2 1,078.5 1,869.5 1,477.5 698.0
Earnings per share (Baht) 0.2150 0.0378 0.2224 0.3855 0.3046 0.1439
BALANCE SHEET
Cash and cash equivalents 1,958.6 4,789.1 6,122.8 4,661.4 5,338.0 5,032.4
Total current assets 7,816.8 7,492.5 8,829.2 8,759.6 9,049.0 8,749.6
Total non-current assets 37,118.4 42,009.3 43,997.3 47,839.8 53,724.6 53,625.2
Total assets 44,935.3 49,501.8 52,826.5 56,599.4 62,773.6 62,374.7
Total debt* 8,160.8 12,077.0 14,036.8 15,455.2 17,863.4 16,105.0
Net debt (Total debt - Total cash) 6,202.2 7,287.9 7,914.0 10,793.9 12,525.4 11,072.7
Total current liabilities 10,988.4 7,864.8 8,296.5 9,270.1 10,910.1 9,200.7
Total liabilities 18,260.0 22,485.9 24,743.3 26,479.2 31,320.5 31,427.0
Equity attributable to owners of the parent 19,345.9 19,534.2 20,142.4 21,270.5 22,005.9 21,733.9
Total equity 26,675.3 27,015.9 28,083.2 30,120.2 31,453.1 30,947.7
* Total debt = borrowings from financial institutions + finance lease liabilities
CASH FLOW STATEMENT
Net cash generated from (used in) operating activities 3,692.4 1,849.0 4,073.7 4,381.6 5,133.1 1,769.5
Net cash generated from (used in) investing activities (5,237.7) 2,025.4 (183.6) (2,785.6) (2,846.9) (597.8)
Net cash generated from (used in) financing activities (436.2) (1,030.8) (2,529.1) (3,098.1) (1,563.4) (1,467.3)
Net increase (decrease) in cash and cash equivalents (1,981.5) 2,843.6 1,361.0 (1,502.1) 722.9 (295.7)
FINANCIAL PERFORMANCE (%)
Return on total assets 2.6% 0.4% 2.1% 3.4% 2.5% 2.4%
Return on equity 5.5% 0.9% 5.4% 9.0% 6.8% 6.6%
EBIT margin 11.6% 2.5% 8.7% 11.5% 9.2% 7.7%
Net profit margin 4.4% 0.7% 3.7% 5.8% 4.1% 3.4%
OPERATING STATISTICS
Passengers carried (million) 10.5 12.2 14.8 17.2 19.8 10.9
Capacity (million seats) 12.6 15.3 18.2 20.5 22.7 12.5
Load factor (%) 83% 80% 81% 84% 87% 88%
RPK (million) 10,829 12,420 14,872 17,285 19,523 10,812
ASK (million) 12,951 15,419 18,116 20,629 22,379 12,391
Aircraft utilisation (hours per day) 11.7 10.9 11.5 11.7 11.9 12.2
Average fare (Baht) - including fuel surcharge 1,885 1,726 1,667 1,565 1,500 1,537
Revenue per ASK (Baht) 1.81 1.64 1.63 1.57 1.61 1.64
Cost per ASK (Baht) 1.67 1.66 1.53 1.42 1.52 1.56
Cost per ASK - excluding fuel (Baht) 0.95 0.93 0.98 1.02 1.05 1.00
Number of stages 70,149 85,074 101,231 113,776 126,083 69,277
Average stage length (km) 1,026 1,008 995 1,007 986 991
Size of fleet at year end 35 40 45 51 56 59