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Revenue structure by customer segment Revenue

2010 MB %

sector customers State - Revenue from sale of equipment for electrical systems and renewable power systems - Revenue from sale of power Private sector customers - Revenue from sale of equipment for electrical systems and renewable power systems - Revenue from power plant construction Foreign customers Total revenue

2011 MB %

2012 MB %

448.44 34.80 344.57 13.00 413.03 9.63 - - 72.50 2.73 168.81 3.94 239.96 18.62 416.78 15.72 789.00 18.38 - - 449.84 16.96 2,318.06 53.99 600.36 46.58 1,367.82 51.59 603.87 14.06 1,288.76 100.00 2,651.51 100.00 4,292.77 100.00

In 2011, revenue from sales according to consolidated financial statement totaled 2,651.51 million baht, increasing from 2010 by 1,362.75 million baht or by 105.74%. The increased amount was from revenue from renewable energy, the new business, which comprised 72.50 million from power manufacturing and 449.84 million baht from construction of renewable energy power plants for non-related companies or subsidiaries, revenue from existing oversea trade business which increased by 761.33 million baht and increased from domestic deals by 79.08 million baht. Cost of sales and gross profit According to the consolidated financial statements, the Group had gross profit of 28.45%, 24.34% and 24.84% for 2010, 2011 and 2012 respectively. The trend of said profit was in the same direction as the increase in revenue from outsourced manufacturing and procurement for sales and from renewable energy business, in response to changing market demands. Sales and administrative expenses The Company’s sales and administrative expenses account for approximately 10.00-15.00% of total revenue of the Group, and differ under a flexible budget control. Gunkul Engineering Public Company Limited

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Gunkul 12  

GUNKUL_2012 GUNKUL ENGINEERING PCL Annual Report 2012

Gunkul 12  

GUNKUL_2012 GUNKUL ENGINEERING PCL Annual Report 2012

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