f CPN Commercial Growth Leasehold Property Fund
Financial Highlights

Income Statement

Unit: Baht Million 1Q2018 4Q2017 Change
QoQ
1Q2017 Change
YoY
Property income 155.8 155.6 0.1% 151.6 2.8%
Rental and service income 152.3 155.5 (2.1%) 149.6 1.8%
Other income 3.5 0.1 6108.9% 2.0 74.5%
Interest income 0.4 0.2 139.7% 0.6 (33.0%)
Total income 156.2 155.8 0.3% 152.2 2.6%
Property expenses 38.2 36.3 5.4% 34.8 9.8%
Cost of rental and service 28.0 22.9 22.1% 22.4 24.8%
Selling and administrative expenses 0.4 0.6 (32.6%) 0.5 (25.0%)
Property management fee 9.8 12.8 (23.0%) 11.8 (17.0%)
Other expenses 0.0 0.0 72.6% 0.0 (30.8%)
Interest expense 2.7 2.8 (4.8%) 3.2 (15.1%)
Other management fees and expenses 1.4 1.4 (1.9%) 1.4 (3.9%)
Total expense 42.3 40.5 4.4% 39.4 7.3%
Net investment income 113.9 115.2 (1.2%) 112.8 1.0%
Net realised gain (loss) from changes in investment value 1.5 (0.1) 2125.4% 0.0 n.a
Net unrealised gain (loss) from changes in investment value (55.9) (0.4) 15087.8% (168.5) 66.8%
Net increase in net assets from operations 59.5 114.8 (48.2%) (55.8) 206.6%
Income available for distribution 113.9 115.2 (1.2%) 112.8 1.0%
Distribution 104.1 105.5 (1.3%) 102.4 1.7%
Distribution per unit (in Baht) 0.2440 0.2472 (1.3%) 0.2400 1.7%
Net property income margin 75.5% 76.7% (1.6%) 77.0% (2.0%)
Net investment income margin 73.1% 74.1% (1.3%) 74.4% (1.7%)

Source: CPNCG. Based on financial statements and review/audit reports of Certified Public Accountant of each quarter and year

 

Statement of Financial Position

Unit: Baht Million 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18
Investment at fair value 5,389.8 5,415.1 5,310.4 5,168.8 5,122.5 5,128.0 5,097.6 5,049.1
The Offices@CentralWorld 5,103.0 5,133.0 5,051.0 4,882.0 4,849.0 4,847.0 4,846.0 4,797.0
Investment in securities 286.8 282.1 259.4 286.8 273.5 281.0 251.6 252.1
Cash on hand and at banks 56.0 78.8 104.2 59.2 76.0 80.9 123.3 118.6
Other assets 7.8 7.1 5.1 4.1 9.1 7.5 5.0 4.8
Total assets 5,453.6 5,501.0 5,419.6 5,232.2 5,207.6 5,216.4 5,225.9 5,172.5
Deposits received from customers 183.5 189.2 191.8 183.4 186.9 192.4 193.7 200.1
Borrowing 317.3 310.3 303.4 296.0 288.6 281.2 273.8 266.4
Other liabilities 13.8 24.4 37.0 20.6 25.0 25.2 30.4 24.0
Total liabilities 514.6 523.9 532.2 499.9 500.5 498.8 497.9 490.5
Net asset 4,939.0 4,977.0 4,887.4 4,732.2 4,707.1 4,717.6 4,728.0 4,682.0
Capital received from unitholders 4,394.4 4,394.4 4,394.4 4,394.4 4,394.4 4,394.4 4,394.4 4,394.4
Retained earnings 539.7 582.6 493.0 337.8 312.7 323.3 333.6 287.6
NAV per unit (in Baht) 11.5649 11.6656 11.4556 11.0918 11.0329 11.0576 11.0819 10.9741

Source: CPNCG. Based on financial statements and review/audit reports of Certified Public Accountant for each quarter