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12.0 Explanation and analysis of financial status and operating performance
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In 2002, Amata and its subsidiaries have the total assets of Baht 4,753 million, which increased from 2001, when total assets were Baht 4,684 million. The increase is due to the fact that Amata has invested in a new company, called Amata Ching Shiang Industries ( Thailand ) Company Limited. Liabilities and Shareholderâ&#x20AC;&#x2122;s Equity Total current liabilities have increased from Baht 1,348.74 million in 2001 to Baht 1,666.26 million in 2002. The increase is due to the issuance of short term B/E with a lower interest rate, Which meets the demand for short time loans for the Company. In 2002, the non-current liabilities was Baht 103.67 million, which decreased from that of the year 2001 when the noncurrent liabilities was Baht 824.28 million, this resulted from the amendment of the joint-management agreement with the Industrial Estate Authority of Thailand, and the completion of the long-term repayment.
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Operating Performance In 2002, the Company and its subsidiaries earned a net profit of Baht 895.51 million or Baht 4.20 per share, increasing 166.59% from 2001. The increase resulted from the following 1. increase of income from land sales of Amata Nakorn Industrial Estate; 2. increase of income from the maintenance fees collected from factories starting operations in the industrial estates; 3. the decrease of interest burden costs; 4. profit derived from debt restructure of the Company and its subsidiary companies; and 5. extraordinary item from the amendment of the jointmanagement agreement with IEAT.
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