DOCSLIB.ORG

CFO's Message

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
CFO's Message Investor Issue no.1 September 2008 Newsletter Growth 12% 4,223 3,765 (MB) (MB) CFO's Message Growth 19% 1,560 Growth 34% CPN overall performance 1,312 (MB) 1,137 (MB) 851 (MB) in 1H 2008 (MB) Central Pattana Public Company Limited ("CPN") reported 1H 2008 1H 2007 1H 2008 consolidated net profit of 1,137 MB, Revenue Operating Profit Net Profit up 34% yoy, whilst consolidated total revenue was registered at 4,223 MB, up 12% yoy. These were mainly attributed to higher contribution from CentralWorld, continuous increases in Did you know? rental rates at all properties, higher • The Offices at CentralWorld service income after adjustment of has been awarded for the common area, air-conditioning and Four projects under development prestigious Thailand Energy Award maintenance ("CAM charge") rate in in Chaengwattana, Pattaya Beach, 2008 in a category of Building January 2008, and stronger Chonburi, and Khon Kaen, which are Energy Management. The Offices at CentralWorld was one of the occupancy rates at CentralPlaza expected to open in 2008 and 2009, three honored buildings among Ramindra and CentralPlaza are progressing as per schedule in contestants from all over the Rattanathibet after completion of terms of construction and space country those participated in their enhancement projects in 2006. leasing. Thailand Energy Award 2008 project of Department of Alternative Energy Development Furthermore, one of key external CPN hopes that the content of and Efficiency, Ministry of factors to CPN's performance is this newsletter will provide useful Energy. domestic economic situation. It can information for your analysis and be seen that a sentiment had update. Should you wish to make • CPN has continually given improved since 4Q 2007, despite a further inquiries, suggestions and/or importance to social responsibility by including energy conservation in setback in late 2Q 2008 on comments, please feel free to our CG principal. As part of energy inflationary pressure. In light of contact our IR directly. saving campaign, "CPN Green easing energy prices and economic Experience project" was initiated to growth at a satisfactory level, engage our staffs in caring for the challenges for 2H 2008 remain on Sincerely Yours, environment, which has been applied to our daily operation. continued momentum of economic Naris Cheyklin CPN's green activities can be recovery and improving consumer (SEVP-Finance & Accounting & followed in the next investor confidence which undeniably hinge Property Management, CFO) newsletter. on political climates. CPN's corner Mission Vision Core Values Corporate Governance • To constantly achieve a sustainable • The leading retail developer • Innovative experience • Integrity growth with maximum satisfaction with world-class experience • Trustworthiness • Disclosure and transparency for all stakeholders • Excellence • Treat people equally • Success of Partners • Fair to all • Keep promises and confidentiality • Care for people and society Financial Information As end of 1H 2008 1H 2007 Yr 2007 Yr 2006 Consolidated Financial Results Unit : Million Baht Revenue of Rental & Service and Food & Beverage 4,223 3,765 7,895 6,706 Cost Of Rental & Service and Food & Beverage 2,333 2,197 4,473 3,783 Gross Profit 1,890 1,569 3,422 2,923 Operating Profit 1,560 1,312 2,619 2,590 Net Profit 1,137 851 1,783 1,685 EPS (Baht/share) 0.52 0.39 0.82 0.77 DPS (pay in the following year) (Baht/share) - - 0.33 0.31 Consolidated Financial Position Unit : Million Baht Total Assets 37,430 35,759 37,205 34,336 Total Liabilities 23,288 23,007 23,565 21,762 Interest Bearing Debt 12,305 12,555 12,045 11,112 Shareholders's Equity 14,142 12,752 13,639 12,574 Retained Earning 9,258 7,903 8,721 7,727 Issued and Paid-up Capital 2,179 2,179 2,179 2,179 Consolidated Financial Ratios Gross Profit Margin (%) 44.7 41.4 41.8 43.6 Net Profit Margin (%) 22.5 20.6 18.7 22.6 Return on Asset (%) 5.6 5.0 4.4 5.0 Return on Equity (%) 15.3 13.8 12.5 14.3 Net Interest Bearing Debt to Equity (times) 0.8 0.6 0.6 0.6 Note : Financial performance in 2007 included non-recurring item amount 214.3MB. Food and Other Future Projects Beverage Income Office 5% 6% 10% CentralPlaza Chaengwattana Investment cost: Bt5.3bn Retail Leaseable area: 64,000 sqm. 79% Opening: November 2008 Reven down ue Break CentralFestival Pattaya Beach Investment cost: Bt4.2bn Leaseable area: 54,000 sqm. Opening: January 2009 Dividend Policy CPN has a policy to pay dividends at a rate of approximately 40 percent CentralPlaza Chonburi of annual normal net profit (unless there is a compelling reason against this). Investment cost: Bt1.5-2.0bn Leaseable area: 39,700 sqm. Core Business Growth Strategy Opening: July 2009 • Develop and manage shopping complexes and expand into multi formats proactively. CentralPlaza Khon Kaen • Retain CPN's market base and enter into new markets. Investment cost: Bt2.6bn • Focus on enhancing capabilities in development and management of Leaseable area: 48,700 sqm. shopping complexes in order to achieve world-class standard. Opening: December 2009 • Emphasize the leadership in gaining outstanding and differentiating shopping experiences. • Develop excellent personnel with expertise in the retail business. • Strengthen the sustained relationships with tenants and business partners. Central Pattana Public Company Limited Operational Information As end of 1H 2008 1H 2007 Yr 2007 Yr 2006 Operating Results Leaseable Area (square metres) 713,055 717,389 715,833 711,308 Occupancy Rate (%) Retail 95% 95% 96% 91% Ladprao 99% 100% 100% 100% Ramindra 99% 90% 99% 76% Pinklao 91% 92% 91% 98% Pattaya 100% 100% 99% 100% Rama 3 100% 100% 100% 100% Chiangmai 99% 98% 98% 99% Bangna 98% 99% 99% 99% Rama 2 100% 100% 100% 100% Rattanathibet 98% 95% 99% 90% CentralWorld 91% 90% 93% 81% Office 94% 91% 93% 89% Ladprao 99% 97% 86% 100% Pinklao A 94% 92% 91% 92% Pinklao B 84% 65% 75% 60% Bangna 100% 98% 98% 97% CentralWorld 94% 93% 95% 90% Average Rental Rate for Retail* (Bt/sqm./month) 1,265 1,212 1,220 1,164 Average Traffic Flow of Ten Properties (visitors per day) 979,000 893,000 913,000 794,000 Note: *For tenants occupy leaseable area not exceed 1,000 sqm. and it was net rental rate after given discount. Asset Enhancements As for operational performance in 1H 2008 amidst sluggish economy and domestic consumption, CPN's retail space was well managed. Occupancy rate was maintained at 95% as at the end of 1H 2008. After the recently completed enhancement projects in late 2006; namely CentralPlaza Ramindra and CentralPlaza Rattanathibet, occupancy rates have continuously improved. Furthermore, an increase occupancy rate at CentralWorld resulted from the openings of food and beverage and fashion shops. CPN transformed the appearance of new Occupancy rate for office spaces averaged 94% Food Parks at CentralPlaza Pinklao and as at the end of 1H 2008, up from 91% as at the end of CentralPlaza Rama 3 to the latest concept of 1H 2007. This was mainly due to an increased in take-up "Lifestyle Dining Experience" to meet customers' rates at all office properties. lifestyle and expectation. CPN hopes it will Rental rate of retail space in 1H 2008 climbed to increase visitor traffic to the shopping malls by an average Bt1,265 per sqm. per month, up 4.4% from more than 10%. the same period of last year. With the total investment over 150 MB on new look of food parks at both shopping malls, Food Park at CentralPlaza Pinklao was designed to a Moreover, visitor traffic flows of CPN's ten green forest concept while that of CentralPlaza Rama 3 was featured in an shopping malls in 1H 2008 rose 10% from 1H 2007 as a underwater world atmosphere. It took six to seven months to completely result of our efficient shopping mall management; for redesign and develop areas of 1,700 sqm. and 1,600 sqm. on the fifth floor instance, project enhancement, merchandising mix, and at CentralPlaza Pinklao and CentralPlaza Rama 3, respectively. Each interesting promotion and marketing activities. remarkable and modern food park serves over 700 seats to provide our Consequently, CPN's shopping malls have provided customers best services and comfort with a wide variety of food and visitors and shoppers rewarding experience with variety beverage to meet the needs and lifestyle of people nowadays. and complete range of services while meeting everyone's lifestyle. Central Pattana Public Company Limited Investor Information Today with... Mr. Terachart Numanit (Executive Vice President- Construction Management) … CPN's Energy Saving Program … “Our executives have continuously given great emphasis on energy saving. We do not only consider lower electricity costs, but it is also our duty and obligation to save environment and community by contributing our part to stop global warming. Hence, CPN has set up a committee to study and determine energy saving measures. Besides, CPN also corroborates with Central Group to share experience and management know-how in energy saving. Of course, it will let our future energy management move into the same direction. One of energy saving programs is "Green Building", for which we have hired advisor to examine our ten shopping malls on energy employment by inspecting all high energy utilization tools. It was eventually found that chiller is the highest energy consumption equipment. Therefore following the given recommendation, chillers in five shopping malls - CentralWorld, Ramindra, Rattanathibet, Bangna and Chiangmai - have been replaced in phase one, which should be completed within this year. Phase two of chiller replacement is expected to be completed in the following year.
Load more

Recommended publications
  • 1 AR CPN EN 2014 4C P1-72.Indd
    AANNUALNNUAL RREPORTEPORT 22014014 TOGETHER WE ARE ONE CONTENTS 012 016 020 022 023 026 CONSOLIDATED MESSAGE FROM REPORT OF THE REPORT OF THE REPORT OF THE REPORT OF THE OPERATIONAL & THE BOARD AUDIT NOMINATION AND RISK POLICY CORPORATE FINANCIAL OF DIRECTORS COMMITTEE REMUNERATION COMMITTEE GOVERNANCE HIGHLIGHTS COMMITTEE AND SUSTAINABLE DEVELOPMENT COMMITTEE 054 062 064 065 068 073 FUTURE VISION & CORPORATE SUSTAINABILITY BUSINESS PERFORMANCES PROJECTS MISSIONS VALUES MANAGEMENT STRATEGIES ECONOMIC DIMENSION 114 132 135 138 148 149 CORPORATE NOMINATION OF REMUNERATION CONNECTED GROUP REVENUE GOVERNANCE DIRECTORS AND OF THE TRANSACTIONS STRUCTURE STRUCTURE OF MANAGEMENT DIRECTORS AND OF COMPANY COMPANY AND MANAGEMENT AND ITS ITS SUBSIDIARIES SUBSIDIARIES 263 268 269 272 273 276 GENERAL LIST OF EXISTING REFERENCE INFORMATION GRI INDEX INFORMATION OF COMMITTEE IN PROJECTS FIRMS FOR INVESTORS BUSINESS HELD SUBSIDIARIES MANAGED BY CPN BY CPN 10% UPWARD 028 030 034 040 043 047 BOARD OF 2014 YEAR IN AWARDS OF ECONOMIC NATURE OF ASSET UNDER DIRECTORS AND BRIEF GREAT PRIDE AND RETAIL BUSINESS CPN’S MANAGEMENT IN 2014 INDUSTRY MANAGEMENT TEAM OVERVIEW IN 2014 073 079 084 097 100 102 FINANCIAL ENVIRONMENTAL SOCIAL RISK FACTORS ORGANIZATION MANAGEMENT PERFORMANCE DIMENSION DIMENSION CHART STRUCTURE REVIEW 151 160 161 162 246 247 CAPITAL RESPONSIBILITY FINANCIAL INDEPENDENT AUDIT’S FEE MANAGEMENT STRUCTURE OF THE BOARD STATEMENTS & AUDITOR’S BIOGRAPHY OF DIRECTORS TO NOTES TO THE REPORT THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS TOGETHER WE ARE ONE MOST ADMIRED DYNAMIC REGIONAL WORLD-CLASS TO BE THE MOST RETAIL RETAIL RETAIL REWARDING ADMIRED AND DEVELOPER DEVELOPER DEVELOPER EXPERIENCE DYNAMIC REGIONAL OF ALL RETAIL PROPERTY STAKEHOLDERS DEVELOPER WITH WORLD-CLASS REWARDING EXPERIENCE The word “ONE” conveys competency with immense power in itself.
    [Show full text]
  • Central Pattana (CPN TB) Buy (Maintained) Consumer Cyclical - Leisure & Entertainment Target Price: THB57.40 Market Cap: USD5,784M Price: THB43.30
    Results Review, 21 May 2015 Central Pattana (CPN TB) Buy (Maintained) Consumer Cyclical - Leisure & Entertainment Target Price: THB57.40 Market Cap: USD5,784m Price: THB43.30 Macro Risks 2 Strong And Steady Wins The Race Growth . 2 0 Value . 03 0 . 03 0 1Q15 results are at 24% of our FY15 forecast, in line. Reiterate BUY . Central Pattana (CPN TB) 0 Price Close Relative to Stock Exchange of Thailand Index (RHS) with a DCF-derived TP of THB57.40 (33% upside). 1Q15 core PATMI 0 51 111 grew 22% YoY to THB2.0bn on 9% revenue growth and a 3.4ppts rise 0 in operating margin. We continue to expect 6% same-store rental 49 106 growth for FY15, partly driven by new initiatives to increase revenue from on-site media and maximise common area utilisation for 47 101 conventions and pop-up stores. 45 96 Total revenue up 9% YoY to THB5.8bn. The increase was led by 43 91 contribution from two new malls opened in 3Q14. Same-store rental also grew healthily at 6.5% YoY in the absence of discounts given to 41 86 CentralWorld (CTW) in 1Q14 as a result of a political protest that affected tenants’ sales. Occupancy rate dipped slightly to 94% due to 39 81 18 the current renovation works at CentralPlaza Pinklao. We expect 16 14 positive returns on this asset enhancement initiative which is slated to 12 10 be completed in 4Q15. 8 6 Good cost control results in higher-than expected margins. Gross 4 2 margin increased 1.9ppts to 50.3% while EBIT margins rose 3.4ppts to Volm 43.3%.
    [Show full text]
  • Central Pattana Plc. Property Development and Investment
    Central Pattana Plc. Property Development and Investment Manahakorn of Isan - The Largest Mixed-Use Project of Isan Corporate Presentation 3Q17 Performance Review Contents ► Our Company ► Growth ► Financing ► Looking ahead ► Appendices 2 Our company CPN at a Glance To be the most admired and dynamic regional retail property VISION developer with world-class rewarding experience Mixed-use Project Development Malls Other related business Property funds Residential Commercial Hotel CPNRF CPNCG 7 Office Buildings 2 Hotels 1 1 Residence • Lardprao CPNRF: Central City Residence • Pinklao Tower A RM2, RM3, PKO, CMA, 24 @ Bangna • Pinklao Tower B Pinklao Tower A&B 6 • Bangna • CentralWorld Tower 1 centralmarina • Chaengwattana CPNCG: • Rama9 The Offices @ CentralWorld st 32 1.7 mn sqm 1 Rank 21% Shopping Malls NLA Retail Developer Market Share in BKK 4 consecutive years As of November 2017 3 Our company Strategic Shareholders CPN is one of the flagship businesses of the Central Group (Chirathivat Family). As a strong and supportive shareholder, the Chirathivat family brings to CPN a wealth of retail-related expertise through the family‟s long record and successful leadership in Thailand‟s dynamic and competitive landscape of shopping mall developments and department store / specialty store operations. Chirathivat Family 27% Local funds 21% Free float Foreign 53% 47% funds 71% Individuals Central 8% Group 26% Source: TSD as of 30 September 2017 4 Our company Strategic Shareholder CPN‟s strong synergy with the Central Group helps CPN to attract
    [Show full text]
  • Central Pattana Plc. Property Development and Investment
    Central Pattana Plc. Property Development and Investment CentralPlaza Marina Pattaya Re-launch on 19 December 2016 Corporate Presentation: 3Q16 Performance Review Contents ► Our Company ► Growth ► Financing ► Looking ahead ► Appendices 2 Our company CPN at a Glance To be the most admired and dynamic regional retail property VISION developer with world-class rewarding experience Mixed-use Project Development Malls Other related business Property funds Residential Commercial Hotel CPNRF CPNCG 7 Office Buildings 2 Hotels 1 1 Residence • Lardprao CPNRF: Central City Residence • Pinklao Tower A RM2, RM3, PKO, CMA, 23 @ Bangna • Pinklao Tower B Pinklao Tower A&B 6 • Bangna • CentralWorld Tower • Chaengwattana CPNCG: • Rama9 The Offices @ CentralWorld st 30 1.6 mn sqm 93% 1 Rank 16% Shopping Malls NLA Occ. Rate Retail Developer 9M16 Rev. Growth 3 Our company Strategic Shareholders CPN is one of the flagship businesses of the Central Group (Chirathivat Family). As a strong and supportive shareholder, the Chirathivat family brings to CPN a wealth of retail-related expertise through the family‟s long record and successful leadership in Thailand‟s dynamic and competitive landscape of shopping mall developments and department store / specialty store operations. Chirathivat Family 26% Local funds 19% Free float Foreign 53% 47% funds 73% Individuals Central 8% Group 27% Source: TSD as of 30 September 2016. 4 Our company Strategic Shareholder CPN‟s strong synergy with the Central Group helps CPN to attract dynamic tenants, increase people traffic and
    [Show full text]
  • Minutes 2012 Annual General Meeting of Shareholders Central Pattana Public Company Limited
    - Translation - Minutes 2012 Annual General Meeting of Shareholders Central Pattana Public Company Limited *************************************** The Annual General Meeting of Shareholders (AGM) took place at 2 p.m. on Friday, April 27, 2012, at the Bangkok Convention Centre, 5th floor, CentralPlaza Lardprao, located at 1693 Phaholyothin Road, Chatuchak, Bangkok. The meeting was registered with a barcode system and recorded for publicity at the www.cpn.co.th website. Before the meeting began, the master of ceremony introduced the Board of Directors, executives, the external auditor, and meeting observers as follows: Directors present at the Meeting: 1. Mr. Suthichai Chirathivat (Chairman) 2. Mr. Paitoon Taveebhol (Independent Director, Chairman of Audit Committee, and Chairman of Risk Management Committee) 3. Mr. Chackchai Panichapat (Independent Director, Audit Committee Member, and Chairman of Nomination and Remuneration Committee) 4. Mrs. Sunandha Tulayadhan (Independent Director, Audit Committee Member, and Nomination and Remuneration Committee Member) 5. Mr. Karun Kittisataporn (Independent Director, Audit Committee Member, and Nomination and Remuneration Committee Member) 6. Mr. Kanchit Bunajinda (Director, Nomination and Remuneration Committee Member, and Risk Management Committee Member) 7. Mr. Suthikiati Chirathivat (Director) 8. Mr. Sudhisak Chirathivat (Director and Nomination and Remuneration Committee Adviser) 9. Mr. Sudhitham Chirathivat (Director and Nomination and Remuneration Committee Adviser) 10. Mr. Prin Chirathivat (Director, Risk Management Committee Member, and Nomination and Remuneration Committee Adviser) 11. Mr. Kobchai Chirathivat (Director, Risk Management Committee Member, and President & Chief Executive Officer) Director absent at the Meeting: 1. Mr. Suthichart Chirathivat (Director) - Translation - Executives present at the Meeting: 1. Mr. Naris Cheyklin (Senior Executive Vice President, Finance and Accounting) 2. Ms.
    [Show full text]
  • Towards Sustainable Center of Life
    Event Title / Subtitle Location Analyst Briefing Analyst Meeting CPN Head Office for [QQYY] Results CEO Forum CEO Forum CPN Head TOWARDS SUSTAINABLE CENTER OF LIFE Office Strategic Direction for [Year] NDR Non-deal Roadshow City, ST, CENTER OF HAPPINESS Country CENTER OF with [Broker] COMMUNITY Conference [Name of Conference] City, ST, Country CENTER OF [not used ; use as 2nd line] ALL LIFESTYLES Opp Day Opportunity Day SET, Bangkok for [QQYY] Results Co. Visit Investor Presentation CPN Head Office [blank] Others [Title] [Location] [Subtitle / Organizer / Audience] CENTER OF ACTIVITIES Central Pattana Public Company Limited (CPN) Investor Presentation Discussion material on the company’s latest information November 2019 CPN Head Office Disclaimer Please read before you proceed! DASHBOARD . The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Central Pattana Public Company Limited (“CPN” and shares in CPN, “shares”) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. OVERVIEW . This presentation may include information which is forward-looking in nature. Forward-looking information involve known and unknown risks, uncertainties and other factors which may impact on the actual outcomes, including economic conditions in the markets in which CPN operates and general achievement of CPN business forecasts, which will cause the actual results, performance or achievements of CPN to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation.
    [Show full text]
  • Central Pattana Plc
    CentralCentral PattanaPattana PlcPlc.. Property Development & Investment March 7, 2006 Content Overview of Our Company Operation Review Financial Highlights CPN Retail Growth Property Fund (CPNRF) 2 Overview of Our Company Business Overview Business Re-branding of Central Pattana to CPN CPN is a fully integrated retail developer and the leading retail property developer and investor in Thailand Property portfolio includes 10 shopping centers, 4 office towers and 2 apartments “THE MOST ADMIRED RETAIL EXPERIENCE DEVELOPER” CPN currently has operations in Thailand but is looking to expand into neighboring countries Shareholder’s Value Creation CPN grows through internal development, acquisition & redevelopment and asset Bt mm enhancement projects 50,000 25.0% 40,000 nd CPN is the 2 largest listed property firm and is 86.7% 39,219 30,000 the property manager of Thailand’s largest 31,375 REIT (CPNRF) 20,000 16,802 CPN has a market capitalization of 10,000 approximately US 1bn 0 31 Dec 2004 31 Dec 2005 28 Feb 2006 4 History of CPN Developments Acquisitions and Redevelopments 1980 - Established under “Central Plaza Co., Ltd.” 1996 – Acquired full equity stake in “Central Airport Plaza Chiangmai”, a shopping complex 1982 - Opened “Central Plaza Lardprao”, the first integrated shopping complex in Thailand 2000 – Completed “Central Airport Plaza Chiangmai Phase 2A 1993 - Opened “Central Plaza Ramindra”, a shopping complex 2001 – Acquired full equity stake in “Central City Bangna”, a shopping complex 1995 - Opened “Central Plaza Pinklao”, a
    [Show full text]
  • Central Pattana Plc. Property Development and Investment
    Central Pattana Plc. Property Development and Investment CentralPlaza Mahachai NDR in London & Paris 16-19 October 2017 Contents ► Our Company ► Growth ► Financing ► Looking ahead ► Appendices 2 Our company CPN at a Glance To be the most admired and dynamic regional retail property VISION developer with world-class rewarding experience Mixed-use Project Development Malls Other related business Property funds Residential Commercial Hotel CPNRF CPNCG 7 Office Buildings 2 Hotels 1 1 Residence • Lardprao CPNRF: Central City Residence • Pinklao Tower A RM2, RM3, PKO, CMA, 22 @ Bangna • Pinklao Tower B Pinklao Tower A&B 6 • Bangna • CentralWorld Tower 1 centralmarina • Chaengwattana CPNCG: • Rama9 The Offices @ CentralWorld st 30 1.6 mn sqm 93%* 1 Rank 21% Shopping Malls NLA CPN Occ. Rate Retail Developer Market Share in BKK * Includes area transferred to CPNRF, 2Q17 occ. rate was 92%. 3 Our company Strategic Shareholders CPN is one of the flagship businesses of the Central Group (Chirathivat Family). As a strong and supportive shareholder, the Chirathivat family brings to CPN a wealth of retail-related expertise through the family‟s long record and successful leadership in Thailand‟s dynamic and competitive landscape of shopping mall developments and department store / specialty store operations. Chirathivat Family 27% Local funds 19% Free float Foreign 53% 47% funds 74% Individuals Central 7% Group 26% Source: TSD as of 30 June 2017 4 Our company Strategic Shareholder CPN‟s strong synergy with the Central Group helps CPN to attract dynamic
    [Show full text]
  • Central Pattana Plc. Property Development and Investment CEO Forum 2 September 2014
    Central Pattana Plc. Property Development and Investment CEO Forum 2 September 2014 CentralPlaza Salaya Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Central Pattana Public Company Limited (“CPN” and shares in CPN, “shares”) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. This presentation may include information which is forward-looking in nature. Forward-looking information involve known and unknown risks, uncertainties and other factors which may impact on the actual outcomes, including economic conditions in the markets in which CPN operates and general achievement of CPN business forecasts, which will cause the actual results, performance or achievements of CPN to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation. This presentation has been prepared by the CPN. The information in this presentation has not been independently verified. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of the CPN or any of its agents or advisers, or any of their respective affiliates, advisers or representatives, shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.
    [Show full text]
  • Lay Bki Cover Tha
    VISION Bangkok Insurance aims to be the preferred non-life insurer in Thailand We will strive for progress with • Quality products and services that meet our customers’ needs • Fast and responsive service to maximize our customers’ satisfaction • Exceptional teams who are knowledgeable and innovative • Tradition and culture of corporate integrity CONTENTS FINANCIAL HIGHLIGHTS 3 REPORT OF THE CORPORATE PRIDE IN 2020 4 GOVERNANCE COMMITTEE 73 MESSAGE FROM THE CHAIRMAN 6 REPORT ON THE BOARD OF DIRECTOR’S MESSAGE FROM THE CHIEF EXECUTIVE RESPONSIBILITY FOR FINANCIAL OFFICER AND PRESIDENT 8 STATEMENTS 74 REPORT OF THE COMPANY’S REPORT OF INDENPENDENT AUDITOR 75 OPERATIONS 10 STATEMENTS OF FINANCIAL POSITION 78 INVESTMENT INCOME 15 STATEMENTS OF COMPREHENSIVE INVESTMENT 16 INCOME 80 INVESTMENTS IN SECURITIES 17 STATEMENTS OF CASH FLOWS 82 SHAREHOLDING IN OTHER COMPANIES 18 STATEMENTS OF CHANGES IN REVENUE STRUCTURE 19 OWNERS’ EQUITY 84 SUMMARY OF QUARTERLY NOTES TO FINANCIAL STATEMENTS 86 FINANCIAL RESULTS 20 COMPANY’S FINANCIAL STATUS 146 FIVE YEARS REVIEW 21 FINANCIAL RATIO 152 POLICY ON AND THE OVERALL RELATED PARTIES TRANSACTIONS 153 BUSINESS TRANSACTION 22 ORGANIZATION STRUCTURE 155 TYPE OF BUSINESS TRANSACTIONS 26 MANAGEMENT STRUCTURE 156 RISK FACTORS 34 SHAREHOLDINGS STRUCTURE 165 ADVISORY BOARD 39 PRINCIPLES OF GOOD CORPORATE BOARD OF DIRECTORS AND GOVERNANCE 168 BOARD OF DIRECTORS PROFILE 40 INTERNAL CONTROL AND MANAGEMENT COMMITTEE AND RISK MANAGEMENT 187 MANAGEMENT COMMITTEE PROFILE 48 GENERAL INFORMATION 189 CORPORATE SOCIAL RESPONSIBILITY
    [Show full text]
  • Report of the Audit Committee
    CENTRAL PATTANA PUBLIC COMPANY LIMITED Location 30th – 33rd Floors, The Offices at CentralWorld, 999/9 Rama I Road, Patumwan Sub-District, Patumwan District, Bangkok 10330, Thailand Telephone : +66 (0) 2667 5555 Facsimile : +66 (0) 2264 5593 Corporate Website: www.cpn.co.th Registration No: 0107537002443 Year of Establishment: 1980 Business Overview: Develop and invest in retail property for rent comprising large-scale shopping complexes and other related supportive businesses. In addition, the Company invests in retail property fund and acts as a property manager of the fund. Securities Information Common shares of Central Pattana Public Company Plc. were listed and traded on the Stock Exchange of Thailand in 1995 under the abbreviated security name of “CPN”. Registered Capital: Baht 2,178,816,000 Issued and Paid-up Capital: Baht 2,178,816,000 Comprising ordinary shares of 2,178,816,000 shares Par value of Baht 1 per share Contacts Corporate Secretary Telephone : +66 (0) 2667 5555 Ext.1678 and 1687 Facsimile : +66 (0) 2264 5593 Email : [email protected] Investor Relations Telephone : +66 (0) 2667 5555 Ext.1614 and 1688 Facsimile : +66 (0) 2264 5593 Email : [email protected] 14 18 22 24 25 28 CONSOLIDATED MESSAGE FROM REPORT OF THE REPORT OF THE REPORT OF THE REPORT OF THE OPERATIONAL & THE BOARD AUDIT COMMITTEE NORNIMATION & RISK MANAGEMENT CORPORATE FINANCIAL REMUNERATION COMMITTEE GOVERNANCE HIGHLIGHTS COMMITTEE COMMITTEE 57 66 70 73 76 77 ASSETS UNDER CPN'S FUTURE PROJECTS VISION & MISSIONS BUSINES STRATEGY CORPORATE VALUES NATURE
    [Show full text]
  • Thailand: Shopping Is GREAT Britain Contest: Terms and Conditions, Prizes and Participating Stores
    #Thailand: Shopping is GREAT Britain Contest: Terms and Conditions, Prizes and Participating Stores #Thailand: Shopping is GREAT Britain Contest: 3 – 29 March 2015 TERMS AND CONDITIONS 1. Eligibility 1.1 The Shopping is GREAT Britain Contest (hereinafter referred to as the “Contest”) is organised by the British Embassy Bangkok (here in after referred to as the “Organiser”). 1.2 The Contest is open to all people residing in Thailand who spend every THB 1,500.00 in a single receipt on British products in a Shopping is GREAT Britain Contest participating store (hereinafter referred to as “the Participants”). 1.3 The Shopping is GREAT Britain Contest participating retailers are: 1. Accessorize 19. Jo Malone 2. Boots Retail (Thailand) 20. John Langford 3. British Airways 21. Karen Millen 4. Burton Menswear London 22. Kurt Geiger 5. Butterfly Twists 23. Landmark Hotel 6. Cath Kidston 24. Lee Cooper 7. Clarks 25. LSA 8. Crabtree & Evelyn 26. Manuka Doctor 9. Cullinan 27. Marks & Spencer 10. DAKS 28. Miss Selfridge 11. Dorothy Perkins 29. Mothercare 12. F-Troupe 30. Paul’s Boutique 13. FitFlop 31. Scholl 14. Fitness First 32. The Body Shop 15. Fred Perry 33. Topshop 16. Harrods 34. Topman 17. Heathcote & ivory 35. Truefitt & Hill 18. Illamasqua 36. Wallis 1.4 The Grand Prize Sponsors are: British Airways (2 x return Bangkok-London World Traveller economy flights), The Landmark London (3 x hotel nights in Lancaster London Hotel), Fitness First (12 months complimentary membership) and Topshop&Topman (£350 shopping vouchers with personal shopper service). 1 | P a g e 1.5 Terms and conditions for British Airways tickets 1.5.1 British Airways tickets are valid for return travel in World Traveller (Economy Class) between Bangkok and London.
    [Show full text]