Page 100 - Mono Technology Public Company Limited : Annual Report 2013

The Company offered 245 million shares for IPO at the par value of 11.40 Baht and the Company’s retained
earnings from 2013 operating results increased by 501.12 million Baht, with dividend paid to the shareholders

of 585.20 million Baht.

Investment Structure

As of December 31, 2013, the Company and subsidiaries recorded the total liabilities of 263.18 million
Baht, accounting for 7.84 percent of liability and shareholders’ equity. Shareholders’ equity was 3,092.93 million

Baht, accounting for 92.16 percent of liability and shareholders’ equity. Debt to Equity Ratio was 0.09 times,
decreasing by 0.48 times from the 2012.

Profitability

In 2013, the Company and Subsidiaries’ gross profit margin was 59.77 percent, decreasing by 3.92
percent from 2012. Operating Profit Margin was 32.13 percent, decreasing by 10.11 percent from 2012.

Net Profit Margin was 33.45 percent, decreasing by 5.43 percent. A key factor decreasing the profitability
ratio over year was the technical problems of mobile operators in 2013. Cost and expenses increased from the
previous year due to increases in personnel and utility expenses for supporting digital TV business, thus resulting

in lower profitability ratio. Meanwhile, the Return on Equity (ROE) for 2013 was 28.24 percent, decreasing by
140.56 percent from 2012 due to lower profit as mentioned above and the shareholders’ equity increased due

to an increase in premium on ordinary shares from IPO.

Asset Management Ability

In 2013, the Company and subsidiaries’ Return on Fix Assets (ROFA) was 388.99 percent, decreasing
by 189.73 percent from the previous year and Total Assets Turnover was 0.74 times, decreasing 1.71 times

because the Company and subsidiaries bought assets in order to support TV digital business.

Liquidity and Capital Adequacy

In 2013, the Company and subsidiaries’ liquidity ratio was 12.39 times, increasing by 10.27 times from
the previous year. Quick Ratio was 12.00 times, increasing by 9.97 times from 2012 due to IPO proceeds.

Liability Commitments
In 2013, the future minimum lease payments required under these operating lease and service
contracts were as follows: (Unit: Baht)

Payment Period Amount

Within one year 69,192,223

More than one year 57,423,044

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