Below are the financial statements of Asset World, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of THB | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 | 2023 as of 2023-01-01 | 2022 as of 2022-12-31 |
|---|---|---|---|---|
| Assets | — | — | — | — |
| Current assets | — | — | — | — |
| Cash and cash equivalents | 464.41a | 509.2a | 283.59a | - |
| Trade and other current receivables | 1,259.27a | 976.09a | 858.02a | - |
| Inventories | 102a | 74.21a | 62.17a | - |
| Derivative assets | 7.18a | 0a | 0a | - |
| Other current assets | 347.17a | 159.83a | 83.09a | - |
| Total current assets | 2,180.04a | 1,719.33a | 1,286.87a | - |
| Non-current assets | — | — | — | — |
| Investments in subsidiaries | 0a | 0a | 0a | - |
| Investment in joint ventures | 2,049.88a | 1,390.1a | 0a | - |
| Advances for construction | 204.71a | 82.26a | 115.68a | - |
| Long-term loans to related parties | 62.41a | 52.41a | 0a | - |
| Investment properties | 91,517.48a | 84,524.57a | 78,359.59a | - |
| Property, plant and equipment | 87,368.73a | 82,593.23a | 80,343.44a | - |
| Other intangible assets | 408.54a | 299.64a | 246.71a | - |
| Deferred tax assets | 1,135.12a | 1,319.02a | 1,430.68a | - |
| Derivative assets | 38.86a | 32.62a | 39.29a | - |
| Other non-current assets | 997.16a | 885.32a | 768.94a | - |
| Total non-current assets | 183,782.89a | 171,179.17a | 161,304.33a | - |
| Total assets | 185,962.93a | 172,898.5a | 162,591.2a | - |
| Liabilities and equity | — | — | — | — |
| Current liabilities | — | — | — | — |
| Trade and other current payables | 3,380.31a | 2,784.59a | 2,038.06a | - |
| Current portion of long-term loans | 31,261.67a | 8,800a | 666.66a | - |
| Short-term loans | 7,930a | 6,320a | 5,550a | - |
| Current portion of lease liabilities | 41.75a | 60.31a | 24.84a | - |
| Current income tax payable | 4.32a | 0.25a | 11.59a | - |
| Derivative liabilities | 2.67a | 0a | 0a | - |
| Other current liabilities | 642.92a | 440.22a | 190.8a | - |
| Total current liabilities | 43,263.64a | 18,405.37a | 8,481.95a | - |
| Non-current liabilities | — | — | — | — |
| Long-term loans | 34,295.19a | 51,436.25a | 56,114.48a | - |
| Lease liabilities | 4,494.02a | 4,433.42a | 4,381.13a | - |
| Non-current provisions for employee benefits | 536.24a | 479.14a | 492.39a | - |
| Deposits from lessee | 370.06a | 423.33a | 711.02a | - |
| Deferred tax liabilities | 10,631.71a | 9,573.09a | 8,394.75a | - |
| Derivative liability | 21.7a | 33.61a | 0a | - |
| Other non-current liabilities | 572.68a | 455.84a | 213.41a | - |
| Total non-current liabilities | 50,921.6a | 66,834.68a | 70,307.19a | - |
| Total liabilities | 94,185.24a | 85,240.05a | 78,789.14a | - |
| Equity | — | — | — | — |
| Share capital | — | — | — | — |
| Authorised share capital | 32,150a | 32,150a | - | 32,150a |
| Issued and paid-up share capital | 32,004.96a | 32,002.34a | - | 32,000.77a |
| Share premium | 39,346.07a | 39,334.94a | - | 39,329.28a |
| Retained earnings | — | — | — | — |
| Legal reserve | 360.86a | 180.83a | - | 95.4a |
| Unappropriated | 18,326.96a | 14,256.84a | - | 10,261.97a |
| Land revaluation reserve | 7,866.7a | 7,594.4a | - | 7,305.84a |
| Hedging reserve | -12.28a | 26.1a | - | 2a |
| Share-based payment reserves | 73.26a | 26.33a | - | 16.82a |
| Share of other comprehensive income of joint ventures accounted for using equity method | 30.91a | 17.01a | - | 0a |
| Differences from business combination under common control | -6,219.75a | -5,962.75a | - | -6,152.56a |
| Equity attributable to owners of the parent | 91,777.69a | 87,476.04a | - | 82,859.52a |
| Equity of other company in the group before business restructuring | 0a | 182.41a | - | 942.55a |
| Total equity | 91,777.69a | 87,658.45a | - | 83,802.07a |
| Total liabilities and equity | 185,962.93a | 172,898.5a | - | 162,591.2a |
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