ANNUAL REPORT 2007 รายงานประจำปี - IR Plus

due to the company’s decrease in the ratio of cost of goods sold per revenue from service which decline from
86.50% of the total revenue in 2006 to 80.25% in 2007. A reason why cost of good sold per revenue is lower is
because most of the cost is fixed while more customers have been served.
In 2007, the Company and its subsidiaries reported net profit of Baht 61.96 million which is higher than that in
2006 due to the decreased in sales and services revenue which is effected from slowdown in the economy.
Summary of the Profit and Loss Account and the Statement of Cash Flows of Company and its subsidiaries
Items (Unit: million Baht) 2007 2006
Balance Sheet
Current asset 1,574.43 1,545.90
Property, Plant and Equipments 91.69 106.03
Leasehold- net 22.56 26.72
Registered trademark- net 19.06 22.08
Total Asset 1,880.56 1,886.92
Total current liabilities 954.29 1,032.77
Total non-current liabilities 29.02 38.05
Total Shareholders’ equity 897.25 816.10
Income Statement
Cash flows from operating activities 210.98 -379.99
Cash flows from investment activities -10.20 -56.82
Cash flows from financing activities -215.62 421.63
Total consolidated assets as at December 31, 2007 amounted to Baht 1,880.56 million, which is slightly
increased from those of 2006.
Total consolidated liabilities and shareholders’ equity in 2005 and 2006 showed Baht 986.68 million and Baht
1,070.81 million respectively, increased from Baht 659.92 million in 2004. The increased of short term loan of
Baht 838.16 million in 2006 and Baht 618.65 million in 2005 from Baht 280.93 million in 2004 was due to the
expanding strategy which required financing for additional cars inventory. In 2007, the Company and its
subsidiaries have total liabilities of Baht 983.31 million, which is 8.17% decrease as compared to those of
2006. Such decrease is mainly arisen from the decrease in the total amount of the bank overdraft account and
the short term loan from financial institution, which decrease from Baht 838.16 million in 2006 to Baht 675.61
million in 2007. This is because of the fact that the Company has repaid its loan.
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