Page 125 - MONO_AR_2016_EN

Investment Structure
As of December 31, 2016, the Company and subsidiaries recorded the total liabilities of 3,026.05 million Baht, accounting for 56.12 percent of total assets. Shareholders’ equity was 2,365.61 million Baht, accounting for 43.88 percent of total assets. Debt to Equity Ratio was 1.28 times, increasing by 0.10 times from the year 2015.
Profitability
As of December 31, 2016, the Company and subsidiaries’ gross pro t margin was 20.18 percent, increasing by 7.49 percent from 2015. Net pro t margin was a contraction of -11.81 percent, decreasing by 13.46 percent from 2015. A key factor for the increase in pro tability ratio over year included the fact that “MONO29,” a new digital TV business of a subsidiary, was supported by effective PR plan. That is to say, the Company and subsidiaries’ precise management and PR program helped improve the TV advertising value of the subsidiary.
Thus, the increasing pro tability ratio and Return on Equity (ROE) for 2016 of -10.42 percent, decreasing by 7.82 percent from 2015 were due to higher pro t as mentioned above.
Asset Management Ability
In 2016, the Company and subsidiaries’ Return on Assets (ROA) was -1.78 percent, decreasing by 5.85 percent from the previous year and Total Assets Turnover was 0.40 times which increased by 0.04 times from the previous year. This was because the pro t of the Company and subsidiaries had increased and, therefore, the ability to manage asset was better.
Liquidity and Capital Adequacy
In 2016, the Company and subsidiaries’ liquidity ratio was 0.73 times, decreasing by 0.09 times from the previous year. Quick Ratio was 0.54 times, decreasing by 0.05 times from 2015 due to property investment and content acquisition to support the growth of TV digital business.
In 2016, debt to equity ratio was 1.28 times, increasing by 0.10 times from the previous year because a subsidiary has increased investment on more contents in order to support TV digital business. Thus, debt to equity has risen. Nevertheless, the Company’s capital was in adequate level.
Liability Commitments
In 2016, the future minimum lease payments required under these operating lease and service contracts were as
follows:
Within one year 174 More than one year but not exceeding 5 years 299 More than 5 years 369
Unit: Million Baht
Payment Period
Amount
Annual Report 2016
Mono Technology Public Company Limited 125