BROOKER ANNUAL REPORT 2012
BROOKER ANNUAL REPORT 2012
BROOKER ANNUAL REPORT 2012
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Annual Report <strong>2012</strong><br />
The Brooker Group Public Co Ltd<br />
EXPLANATION AND ANALYSIS BY MANAGEMENT<br />
Operating Results of the Company and Its Subsidiaries in <strong>2012</strong><br />
The Company’s policy for revenue recognition is that service income is recognized when services are<br />
rendered based on the stage of work completed while sales of goods are recognized after delivery and<br />
deduction of goods return, discount and allowance.<br />
Sales and Service Income for <strong>2012</strong> increased by Baht 303.34 million or by 456.15% to Baht 369.84<br />
million from Baht 66.50 million. Since last year mainly income came from a big corporate restructuring<br />
project and from management overseas fund. As a result, net profit margin increased from net loss<br />
margin 24.36% in 2011 to net profit margin 59.94 % in <strong>2012</strong><br />
Investment income increased by Baht 98.26 million when compared with last year since increased on<br />
fair value of trading securities.<br />
Unrealized gain in trading securities and gain on sale of trading securities increased by Baht 100.40<br />
million from Baht 48.81 million in 2011 to Baht 149.21 million in <strong>2012</strong>. Dividend income decreased from<br />
2011 by Baht 2.15 million from Baht 14.13 in 2011 to Baht 11.98 million in <strong>2012</strong>.<br />
Other revenues decreased 12.05% or by Baht 1.85 million from Baht 15.33 million to Baht 13.48 million<br />
in <strong>2012</strong>. This is because bad debt recovery decreased by Baht 3.44 million while other income and<br />
interest receivable increased by Baht 1.59 million.<br />
Gross profit margin increased from 34.15% in 2011 to 79.10% in <strong>2012</strong> resulting in a net profit of Baht<br />
326.37 million compared to a net loss of Baht 35.27 million in 2011. Basic earnings per share increased<br />
from loss per share Baht 0.05 in 2011 to profit per share Baht 0.44 in <strong>2012</strong> while diluted earnings per<br />
share also increased from loss per share Baht 0.05 to profit per share Baht 0.43, respectively.<br />
Performance by Division<br />
In <strong>2012</strong>, the Company’s revenues were mainly derived from provision of business and financial<br />
consulting, investment, real estate brokerage and consultancy, offshore capital management services,<br />
and its investment.<br />
The Company’s revenue structure by type of business was as follows:<br />
2010 2011 <strong>2012</strong><br />
% Baht Baht Baht<br />
Revenue Operated By Holding ’000 % ’000 % ’000 %<br />
Business and Financial BROOK 5,403 1.40 10,032 6.93 137,646 25.28<br />
Consultancy,<br />
Real Estate Brokerage Binswanger Brooker<br />
and Consultancy (Thailand) Ltd 99.99 187 0.05 328 0.23 1,739 0.32<br />
Income from Other<br />
Subsidiaries 213,680 55.51 56,141 38.78 230,451 42.32<br />
Interest Income BROOK 947 0.25 7,970 5.51 11,504 2.11<br />
Dividend Income BROOK & 14,783 3.84 14,129 9.76 11,983 2.20<br />
Subsidiaries<br />
Unrealized gain in BROOK & 77,331 20.09 - - 131,540 24.16<br />
trading securities<br />
Subsidiaries<br />
Gain on sale of BROOK & 65,026 16.89 48,807 33.71 17,673 3.25<br />
Trading securities<br />
Subsidiaries<br />
Other Income* BROOK & 7,555 1.97 7,361 5.08 1,979 0.36<br />
Subsidiaries<br />
Total Revenues 384,912 100.00 144,768 100.00 544,515 100.00<br />
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