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Statement of income

(Unit: Baht in thousand except indicated)
 
Q2 / 2018
Q1 / 2018
QoQ
Q2 / 2017
YoY
Rental and services income 83,686 84,847 -1% 78,294 7%
Dividend income 64,000 50,000 28% 39,470 62%
Interest income 6,739 7,083 -5% 8,326 -19%
Other income 2,401 94 2454% 15 15907%
Total income 156,826 142,024 10% 126,105 24%
Costs of rental and services 33,079 31,047 7% 27,278 21%
REIT Manager's fee 8,209 7,975 3% 7,009 17%
Trustee's fee 4,995 4,893 2% 4,606 8%
Registrar's fee 486 480 1% 490 -1%
Property management fee 4,190 3,879 8% 3,849 9%
Professional fees 446 1,042 -57% 315 42%
Amortisation of deferred expenses 9,555 9,450 1% 9,555 0%
Other expenses 1,515 1,279 18% 1,783 -15%
Finance cost 19,434 19,216 1% 19,555 -1%
Income tax expenses -   -   0% -   0%
Total expenses 81,909 79,261 3% 74,440 10%
Net investment income 74,917 62,763 19% 51,665 45%
Net unrealised gain (loss) on investments in properties (11,000) 1,000 -1200% -   0%
Net unrealised gain on investment in subsidiaries 159,113 77,437 105% -   0%
Increase in net assets from operations 223,030 141,200 58% 51,665 332%


Balance Sheet

(Unit: Baht in thousand except indicated)
 
Q2 / 2018
Q1 / 201
QoQ
Q2 / 2017
YoY
Investments in properties and leasehold rights over properties at fair value 2,129,000 2,140,000 -1% 2,441,064 -13%
Investments in subsidiaries at fair value 5,313,570 5,154,457 3% 4,321,783 23%
Cash and cash at banks 184,139 172,752 7% 173,525 6%
Receivables 69,519 58,231 19% 57,721 20%
Loan to subsidiary 331,378 355,378 -7% 430,378 -23%
Deferred expenses 125,790 135,344 -7% 164,114 -23%
Intangible assets 199 206 -3% 224 -11%
Deferred tax assets -    -    - -    -
Other assets 50,087 54,655 -8% 47,266 6%
Total assets 8,203,682 8,071,023 2% 7,636,075 7%
Payables 16,783 17,267 -3% 18,730 -10%
Accrued expenses 49,089 44,421 11% 39,268 25%
Income tax payable -     -   0% -   0%
Unearned income 2,531 2,276 11% 1,943 30%
Deposit received from customers 88,992 90,144 -1% 88,904 0%
Long-term loans 2,031,369 2,030,054 0% 2,026,169 0%
Deferred tax liabilities - - 0% - 0%
Other libilities 5,668 4,227 34% 6,509 -13%
Total liabilities 2,194,432 2,188,389 0% 2,181,523 1%
Net assets 6,009,250 5,882,634 2% 5,454,552 10%
Net asset value per unit (Baht) 10.9758 10.7445 2% 9.9626 10%

Statement of income

(Unit: Baht in thousand except indicated)
 
Q2 / 2018
Q1 / 2018
QoQ
Q2 / 2017
YoY
Rental and services income 230,490 223,514 3% 213,766 8%
Dividend income - - 0% - 0%
Interest income 519 374 39% 224 132%
Other income 2,957 94 3046% 15 19613%
Total income 233,966 223,982 4% 214,005 9%
Costs of rental and services 54,630 66,810 -18% 75,808 -28%
REIT Manager's fee 8,209 7,975 3% 7,009 17%
Trustee's fee 4,995 4,893 2% 4,606 8%
Registrar's fee 486 480 1% 490 -1%
Property management fee 7,306 6,729 9% 6,978 5%
Professional fees 916 1,364 -33% 742 23%
Amortisation of deferred expenses 9,555 9,450 1% 9,555 0%
Other expenses 5,184 5,183 0% 5,475 -5%
Finance cost 19,434 19,216 1% 19,555 -1%
Income tax expenses 17,880 13,174 36% 9,405 90%
Total expenses 128,595 135,274 -5% 139,623 -8%
Net investment income 105,371 88,708 19% 74,382 42%
Net unrealised gain (loss) on investments in properties 124,114 53,436 132% 0%
Net unrealised gain on investment in subsidiaries - - 0% - 0%
Increase in net assets from operations 229,485 142,144 61% 74,382 209%

Balance Sheet

(Unit: Baht in thousand except indicated)
 
Q2 / 2018
Q1 / 2018
QoQ
Q2 / 2018
YoY
Investments in properties and leasehold rights over properties at fair value 7,773,948 7,649,834 2% 7,229,360 8%
Investments in subsidiaries at fair value - - 0% - 0%
Cash and cash at banks 517,784 526,293 -2% 456,218 13%
Receivables 17,568 19,454 -10% 27,520 -36%
Loan to subsidiary - - 0% - 0%
Deferred expenses 125,790 135,344 -7% 164,114 -23%
Intangible assets 40,955 41,851 -2% 44,547 -8%
Deferred tax assets 197 137 44%                      -
Other assets 63,484 62,480 2% 59,249 7%
Total assets 8,539,726 8,435,393 1% 7,981,008 7%
Payables 23,033 40,941 -44% 54,489 -58%
Accrued expenses 90,678 108,949 -17% 77,781 17%
Income tax payable 21,552 22,200 -3% 13,388 61%
Unearned income 37,720 37,848 0% 34,188 10%
Deposit received from customers 273,986 269,257 2% 235,273 16%
Long-term loans 2,031,369 2,030,054 0% 2,026,169 0%
Deferred tax liabilities - - - 65 -
Other libilities 11,363 9,190 24% 10,656 7%
Total liabilities 2,489,701 2,518,439 -1% 2,452,009 2%
Net assets 6,050,025 5,916,954 2% 5,528,999 9%
Net asset value per unit (Baht) 11.0502 10.8072 2% 10.0986 9%

Source:
Reference to Report and consolidated interim financial statements and Independent Auditor’s Report on Review of Interim Financial Information for Q1-2/2018 and Q2/2017