Page 99 - Mono Technology Public Company Limited : Annual Report 2013

Net Profit

The Company and subsidiaries recorded the net profit for 2013 at 501.12 million Baht, compared to
607.30 million Baht in 2012, declining by 106.18 million Baht or 17.48 percent due to lower mobile value added
service revenue that was affected by technical problems of mobile operators and the personnel and utility

expenses for supporting the growth of digital TV business.

2. Financial Status Analysis

Assets
The total assets of the Company and subsidiaries as of the end of 2013 amounted 3,356.11 million

Baht, increasing by 2,642.04 million Baht of 2012. The total assets of the Company and its subsidiaries comprised
current assets of 2,239.51 million Baht and non-current assets of 402.53 million Baht.

The current assets increased to 2,239.51 million Baht because:
Cash and cash equivalents amounted to 875.48 million Baht, increasing by 792.57 million Baht and

current investments amounted to 1,401.50 million Baht, increasing by 1,401.50 million Baht due to the investment
in short-term deposit, with low risk. Cash and cash equivalents as well as current investments came from IPO.

Non-current assets increased 402.53 million Baht was mostly because:
Leasehold improvement and equipment and intangible assets amounted to 474.93 million Baht,

increasing by 255.57 million Baht for investment to support Mono Group business expansion.

Liabilities

Liabilities of the Company and subsidiaries as of the end of 2013 amounted to 263.18 million Baht,
increasing by 5.35 percent from 2012 due to an increase in non-current liabilities of 8.92 million Baht and a

decrease in current liabilities of 3.57 million Baht.

A decrease in current liabilities was mostly because:
Other current liabilities amounted to 2.00 million Baht, declinging by 2.84 million Baht and
Current portion of liabilities under finance lease agreements amounted to 16.38 million Baht, decreasing by

0.39 million Baht.

An increase in non-current liabilities was mostly because:
Provision for long-term employee benefits amounted to 23.99 million Baht, increasing by 5.08

millionBaht; deferred tax liabilities amounted to 5.74 million Baht, increasing by 5.74 million Baht and
liabilities under finance lease agreements amounted to 14.65 million Baht, decreasing by 1.90 million Baht.

Shareholders’ equity
Shareholders’ equity of the Company and subsidiaries as of the end of 2013 was 3,092.93 million Baht,

increasing by 2,636.69 million Baht from 2012 due to premium on ordinary shares rose by 2,698.95 million Baht.

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