Banpu Public Company Limited
2.2
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Total liabilities of THB 43,828 million increased THB 17,274 million or 65 per cent with details described
below: • Bank loans and overdrafts of THB 4,768 million increased THB 2,490 million or 109 per cent from short-term borrowing to fund acquisition of AACI in China. • Current portion of long-term loans and current portion of Baht debenture of THB 6,475 million increased THB 4,667 million from long-term loans and Baht debenture reclassification. • Accrued overburden and transportation expenses of THB 2,029 million, decreased THB 37 million mainly from the Indonesian operations. • Long-term loans of THB 10,547 million increased THB 4,692 million due to partial transfer to current portion. • Baht debenture of THB 7,285 million decreased THB 1,296 million from partial transfer to current portion. 2.3 Shareholders’ equity of THB 45,534 million increased THB 7,037 million or 18 per cent mainly from • Net profit for the fiscal year of 2008 at THB 9,228 million. • An increase in retained earning of THB 1,167 million from negative goodwill adjustment according to accounting standard TAS 43 (revised). • Dividend payment to shareholders of THB 4,239 million. • A decrease of THB 897 million from a lower mark-to-market value of investment in listed companies. • The decrease from affiliates’ foreign exchange translations loss of THB 58 million. 2.4 Net debt-to-equity as of 31 December 2008 reported at 0.36 times for the consolidated balance sheet and 1.16 times for the parent company. As of 31 December 2007, the ratio were 0.14 times for the consolidated balance sheet and 1.34 times for the parent company. 3. Statement of Cash Flow for the fiscal year ending 31 December 2008 in comparison with the previous year ending 31 December 2007 Banpu’s statement of cash flow for the fiscal year ending 31 December 2008 recorded a decrease in net cash flow of THB 1,568 million compared to last year. The Company’s net cash flow is divided into: 3.1 Cash flow from operation of THB 7,939 million; net from interest expenses and corporate income tax of THB 1,232 million and THB 1,552 million respectively. 3.2 Cash flow from investment recorded a deficit of THB 15,883 million; • Cash payment for Coal China acquisition of THB 14,472 million. • Cash payment for investment in machinery and mining equipment of THB 3,960 million, project in progress of THB 892 million. • Cash received from other company in China THB 448 million, partial divestment of investment in coal company and unsubordinated debenture of THB 147 million, interest received of THB 404 million and dividend income of THB 2,561 million. 3.3 Cash flow from financing THB 6,376 million, from cash received from drawdown of bank loan and long-term loan of THB 28,104 million. Cash outflows were for repaying bank loan, long-term loan and debenture of THB 17,785 million and dividend payment of THB 4,216 million.