Sherwood Chemicals Public Company Limited and its subsidiary

Statement of financial position 1,095,497,615

As at 31 December 2017

Consolidated financial statements

Note 2017 2016
Assets
Current assets
Cash and cash equivalents 233,941,487 21% 136,120,428 14%
Investments in trading securities - m 164,341,487 15% 102,988,708 11%
Trade receiva 7 165,218,568 15% 169,015,472 18%
Inventories 8 185,096,294 17% 191,335,844 20%
Other current assets 19,769,366 2% 5,218,233 1%
Total current assets 768,367,202 70% 604,678,685 64%
Non-current assets 0% 0%
Investment in subsidiary - 0% - 0%
Property, plan 9 313,382,221 29% 321,937,753 34%
Intangible ass 10 8,643,915 1% 9,319,212 1%
Deferred tax a 15 4,142,022 0% 3,780,874 0%
Other non-current assets 962,255 0% 1,295,161 0%
Total non-current assets 327,130,413 30% 336,333,000 36%
Total assets 1,095,497,615 100% 941,011,685 100%

The accompanying notes are an integral part of the financial statements.

Sherwood Chemicals Public Company Limited and its subsidiary
Statement of financial position (continued)
As at 31 December 2017

Consolidated financial statements

Note 2017 2016
Liabilities and sharehol
Current liabilities
Trade and oth 11 215,736,918 20% 185,555,358 20%
Income tax payable 22,893,747 2% 16,014,180 2%
Other current liabilities 9,679,514 1% 7,177,324 1%
Total current liabilities 248,310,179 23% 208,746,862 22%
Non-current liabilities 0% 0%
Provision for 12 18,039,186 2% 15,167,530 2%
Total non-current liabilities 18,039,186 2% 15,167,530 2%
Total liabilities 266,349,365 24% 223,914,392 24%
Shareholders' 0% 0%
Share capital 0% 0%
Registered, issued and fully paid-up 0% 0%
150,000,000 ordinary shares of 150,000,000 14% 150,000,000 16%
Share premium 87,600,000 8% 87,600,000 9%
Retained earnings 0% 0%
Appropriated 13 15,000,000 1% 15,000,000 2%
Unappropriated 565,784,364 52% 456,324,233 48%
Other components of shareholders' e 3,330,952 0% 2,789,998 0%
Equity attributable to owners of th 821,715,316 75% 711,714,231 76%
Non-controlling interests of the subsi 7,432,934 1% 5,383,062 1%
Total shareholders' equity 829,148,250 76% 717,097,293 76%
Total liabilities and shareholders' 1,095,497,615 100% 941,011,685 100%

1095497615
Sherwood Chemicals Public Company Limited and its subsidiary
Statement of comprehensive income
For the year ended 31 December 2017

Consolidated financial statements

Note 2017 2016
Revenues
Sales 1,385,390,594 99.79% 1,235,173,756 99.74%
Other income 2,860,321 0.21% 3,211,382 0.26%
Total revenues 1,388,250,915 100.00% 1,238,385,138 100.00%
Expenses 0.00% 0.00%
Cost of sales 863,301,996 62.19% 758,890,981 61.28%
Selling expenses 196,194,749 14.13% 179,416,480 14.49%
Administrative expenses 106,275,894 7.66% 104,857,824 8.47%
Total expenses 1,165,772,639 83.97% 1,043,165,285 84.24%
Profit before income tax 222,478,276 16.03% 195,219,853 15.76%
Income tax 15 (43,327,625) -3.12% (38,764,396) -3.13%
Profit for the year 179,150,651 12.90% 156,455,457 12.63%
(Unit: Baht)