Page 139 - Mono Technology Public Company Limited : Annual Report 2014 EN

The cost and administrative expenses increased as a result of the acquisition for the national commercial
digital terrestrial television license for broadcasting in standard definition (SD) variety channel of a subsidiary.

Subsequently, personnel recruitment must be made along with procurement of place, tools and network in
order to support the broadcast of MONO29 channel. In addition, the costs of license, contents, and public
relations scheme for promoting and publicizing MONO29 channel were also included in the expenses.

Net Profit
The Company and subsidiaries recorded the net profit for 2014 at 38.89 million Baht, compared to
501.12 million Baht in 2013, declining by 462.23 million Baht or 92.24 percent due to the increase in costs of
license fee, network service fee, content acquisition cost, utility expenses for supporting the digital TV business

operation, including related public relations. However, the revenue from Digital TV Business was recognized in
Q3/2014 and revenue growth increased in Q4/2014.

2. Financial Status Analysis

Assets

The total assets of the Company and subsidiaries as of the end of 2014 amounted to 5,704.85 million
Baht, increasing by 2,318.63 million Baht of 2013. This was in consequence of non-current assets increased in

amount of 3,400.54 million Baht and current assets decreased in amount of 1,081.91 million Baht.
A decrease in current assets was mostly because:

Current investments amounted to 400.07 million Baht, decreasing by 1,001.43 million Baht due to the
investment in property and equipments including content acquisition in support of the growth of Digital TV business.

An increase in non-current assets was mostly because:
The costs of the national commercial digital terrestrial television license for broadcasting in standard
definition (SD) variety channel of a subsidiary amounted to 2,147.88 million Baht, increasing by 2,108.88 million

Baht. The intangible assets amounted to 1,222.23 million Baht, increasing by 899.63 million Baht. Property and
equipment amounted to 503.82 million Baht, increasing by 283.49 million Baht.

Liabilities

Liabilities of the Company and subsidiaries as of the end of 2014 amounted to 2,742.32 million Baht,
increasing by 2,449.03 million Baht in 2013 due to an increase in current liabilities of 484.67 million Baht and an
increase in non-current liabilities of 1,964.36 million Baht.

An increase in current liabilities was mostly because:
Current portion of liabilities under cost of spectrum license payable amounted to 301.00 million Baht,

increasing by 301.00 million Baht and Trade and other payables amounted to 367.10 million Baht, increasing
by 160.11 million Baht.

An increase in non-current liabilities was mostly because:
Long-term liabilities, net of current portions under cost of spectrum license payable amounted to
1,572.00 million Baht, increasing by 1,572.00 million Baht and long-term loan from bank amounted to 403.39,

increasing by 403.39 million Baht.

139