BROOKER ANNUAL REPORT 2012

The Brooker Group Public Co Ltd Annual Report 2012
Notes:
* Other income includes central income (expenses) charged to related companies, reversal of bad and
doubtful debts and other reversal
The Company and its subsidiaries’ revenue in 2012 from business activity of business and financial
consulting, offshore capital management totaled Baht 368,097 million, which accounted for 67.60% of
the total consolidated revenues in 2012.
Dividend income of Baht 11.98 million, accounting for 2.20% of total revenues in 2012 due to dividend
income from trading securities. Interest income increased by Baht 3.53 million to Baht 11.50 million in
2012 from Baht 7.97 million in the previous year.
Unrealized gain from trading securities of Baht 131.54 million in 2012 while no unrealized gain in
trading securities in 2011 and Gain on sale of trading securities accounted for 3.25% of the total
consolidated revenues in 2012. Other revenues totaled Baht 1.98 million, which accounted for 0.36% of
the total consolidated revenues in 2012.
Cost of sales and service and selling and administrative expenses decreased from 30.25% and 28.30%
of total revenues, respectively, in 2011 to 14.20% and 14.79% in 2012. This was mainly due to a Baht
399.75 million increased in total revenues in 2012 from that of 2011 while cost of sales and services
increased by Baht 33.50 million due to decrease in consulting fee. Selling and administrative expenses
also increased by Baht 39.55 million over the previous year. The increase is due to increase in
allowance for doubtful accounts of loan to other company and trade accounts receivable of Baht 6.07
million and increase in consulting fee and legal fee of Baht 5.58 million and accrued of staff,
management and director remuneration payable of Baht 21.16 million.
This has driven the Company’s gross profit margin up from 34.15% in 2011 to 79.10% in 2012.
Unrealized loss from trading securities decreased by Baht 81.52 million while loss on sale from trading
securities decreased by Baht 4.82 million. This has caused the Company and its subsidiaries to register
a consolidated net profit of Baht 326.37 million for the year from a net loss of Baht 35.27 million in
2011. Net profit margin increased from net loss margin 24.36% in the previous year to net profit margin
59.94% in 2012. Diluted earnings per share also increased from loss per share Baht 0.05 in 2011 to
profit per share Baht 0.43 for the year.
Financial Status of the Company and Its Subsidiaries
Assets
As at 31 December 2012, consolidated total assets increased by Baht 359.02 million or by 66.11% to
Baht 902.12 million from Baht 543.10 million in 2011.
This increase was primarily due to increases in short term investment by receive advisory fee by Newlyissued
ordinary shares and stock market price increased follow as SET index by Baht 200.47 million.
Increases of trade accounts receivables-non related companies by Baht 11.44 million and increases of
trade accounts receivables –related companies by Baht 97.94 million due to management overseas
fund increased.
In November 2012, Thammapipat Co., Ltd. which is non - related company negotiated the repayment of the
loan amounting to approximately Baht 6 million with the Company. The loan repayment has been due in
August 2012. Thammapipat Co., Ltd. has signed a new loan agreement with the Company for Baht 6.305
million with the interest rate at 13% p.a. The repayment is within 12 months (November 2013) at the amount
and repayment schedules specified in the loan agreement. The collateral for the loan is the same that has been
for the former loan which is 5 condominium units which the value appraised by an independent appraiser on
January 1, 2012 was approximately at Baht 11 million. The Company also has co-guarantee from 2 companies
and a director of one of the guarantor’s companies.
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