AR 2013 - Investor Relations

115 Pages·2014·3.08 MB·English

Significant Events in 2013

1. The Board of Directors Meeting of Advanced Information Technology Public Company Limited
(the “Company”) No. 2/2013 held on the 25th of March 2013 resolved to make an investment in
Kirz Company Limited (“Kirz”) for 51 percent of the total paid-up capital, for Thai Baht
51,000,000 (Fifty One Million), through the purchase of shares from existing Kirz shareholders. A
press conference for this deal was held at the Queen Sirikit National Convention Center.
2. On 8th October, 2013, the Board of Directors resolved to propose a meeting of shareholders to
consider and approve the increase of the Company’s registered capital in the amount of Baht
687,736,360 (Six hundred eighty-seven million seven hundred thirty-six thousand three hundred
sixty Baht) from a registered capital of Baht 343,868,180 (Three hundred forty-three million eight
hundred sixty-eight thousand one hundred eighty Baht) to Baht 1,031,604,540 (One billion
thirty-one million six hundred four thousand five hundred forty Baht) with a par value of Baht 5
(Five Baht) per share to allot to existing shareholders of the Company, pro-rata to their
shareholding (Rights Offering), at the ratio of 2 (two) newly issued ordinary shares for 1(one)
existing ordinary share at an offered price of Baht 5 (Five Baht) per newly issued share.

3. Commencing construction in December 2013, our new Training Center (with the brand name
TRAIN 4) is expected to be officially opened at the Queen Sirikit National Convention Center,
within the first half of 2014. Before moving to the Queen Sirikit National Convention Center, the
Training Center was located at the AIT Head Office. The reason for this move is that we are
preparing our training venue for an increase in customers in the future.
Financial Highlights
Total Revenue Net Profit
Unit : THB Mil Unit : THB Mil
7,000 600
567.62
6,023.23
6,000
500
4,835.38 438.92
5,000
366.98
4,187.92 400
4,000
300
3,000
200
2,000
100
1,000
- -
2013 2012 2011 2013 2012 2011
(Unit : THB Mil)

Consolidated financial statements

Financial Results 2013 2012 2011
(Restate)
Total Assets 4,630.66 3,686.34 2,735.52
Total Liabilities 2,194.50 2,227.31 1,345.88
Total Shareholderûs Equity 2,436.16 1,459.03 1,389.64
Total Revenues 6,023.23 4,187.92 4,835.38
Total Expense 5,286.04 3,687.55 4,172.02
Net Profits 567.62 366.98 438.92
Basic Earing per Share (Baht) 7.74 5.40 6.57
Total Number of Employee (persons) 292 286 271
Total Number of Shares (shares) as of 31st December 206,320,897 68,773,636 67,461,797

Financial Rations
Liquidity Ratio (Times) 2.04 1.60 1.97
Gross Profit Margin (%) 23.90 22.97 23.83
Net Profit Margin (%) 9.42% 8.76% 9.10
Debt to Equity Ratio (time) 0.90 1.53 0.97

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Your Success is Our Success
Activities in 2013

1. On February 4, 2013, Ms.Netapit Oontornpan, Senior Executive Vice President-Corporate
Affairs, represented the Company to attend an evening Shield and Certificate Presentation
Ceremony at the KING MONGKUT UNIVERSITY OF TECHNOLOGY in Thonburi.
2. Ms.Netapit Oontornpan, Senior Executive Vice President-Corporate Affairs, with
Ms.Panawee Kaewmanee, Vice President-Corporate Affairs, together with AIT employees,
donated solar cells, computers, clothes and food to less fortunate students at the
Kongmongta school at Kanchanaburi Province.
3. On 21st December 2013, our executives and employeess donated computer, printer and
and LCD TV equipment to the Thepsadejwitthaya School located at Tumbon Thepsadej
Amphoe Doi Saket, Chiang Mai.
ANNUAL REPORT 2013
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Advanced Information Technology Public Company Limited and its Subsidiaries
4. On October 4, 2013, the Company
provided a training course on the
prevention and fighting of fire in the
workplace at our AIT Head Office. This is
to ensure its employeeûs safety.
5. On December 19, 2013, our executives and employees provided food and cash offerings
to Buddhist monks on the auspicious occasion of the New Year.
6. From May 17 - 19, 2013, our executives
and employees joined together for the
çAnnual AIT Sports Dayé. We do this to
strengthen relationships within our
organization and to learn first-hand about
the spirit of accepting success, failure,
forgiveness and good sportsmanship. This
was held at the Royal Plala Cliff Beach
Resort in Rayong.
7. Organised in late 2013, the Company offered our car park area to be used as an election
venue for the February 2, 2014 Elections..
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Your Success is Our Success
The Board of Directors
Mr.Siripong Oontornpan
Mr.Thana Chaiprasit President
Chairman of the Board Director

Mr.Pongtep Polanun

Mr.Chokechai Tanpoonsinthana Vice Chairman of the Board
Independent Director Independent Director
Chairman Of the Audit Committee Member of the Audit Committee

Mr.Sripop Sarasas
Independent Director Mr.Suraporn Raktaprachit
Member of the Audit Committee Director

Mr.Kijja Laoboonchai Mr.Thanarak Phongphatar
Director Independent Director

Mr.Kttisak Sopchokchai
Director/ Member of the
Nomination and Remuneration Mr.Pisak Charudilaka
Committee Director

Mr.Chodiwat Duntanasarn Mr.Voravit Wattanakuljarus
Director Company Secretary

ANNUAL REPORT 2013
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Advanced Information Technology Public Company Limited and its Subsidiaries
Organizational Chart

Board of Directors

Audit Committee Executive Board Nomination and
Committee Remuneration Committee

President

Company Secretary Executive Committee

Senior Executive Vice Senior Executive Vice Senior Executive Vice
Senior Executive Vice
President - Sale and President - Corporate President - Finance
President - Service
Marketing Affairs and Corporate Strategy

Advanced Technology Customer Service
Marketing Customer Service
and Application Services Department
Department

Business
Telecom Sales Technical Support
Development

Sales
Department Project Management Financial Controller

Investor Relation
Department
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Your Success is Our Success
Message from the Chairman of the Board of
Directors and the President

Dear Shareholders,
The year 2013 marked the second decade of Advanced Information Technology PCL being listed on the
Stock Exchange of Thailand. From annual sales of less than one billion baht when we first listed, we have
steadily grown to become a company with annual sales of several billion baht. There have been a few
challenges in the recent past, such as those experienced as a result of the countryûs major flood crisis at the
end of the year 2011. The year 2013 however, saw our revenues been brought back on track with us

achieving the sales goals as forecast at the beginning of the year. This was brought about through the hard
work, dedication and support of everyone within the business. The company will now step forward confidently
and strongly into its second decade as a listed company on the Stock Exchange of Thailand.
The companyûs businesses have always been adaptable to meet the changing and challenging
countrywide, regional and global situations as we grew; and we have maintained this adaptability so that the
company will continue to grow with confidence and strength in the years ahead. This was the premise, and one
of the most important reasons, behind the Company seeking a capital increase in December 2013. The
company received an overwhelming and excellent response from its shareholders for the capital increase
program; and this capital is now a significant tool in our preparation for the upcoming business operations
being planned to meet the demands of our existing and new business opportunities - and as importantly,
in our preparations for the incoming ASEAN Economic Community (AEC) in 2015.
ANNUAL REPORT 2013
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Advanced Information Technology Public Company Limited and its Subsidiaries
From here on the company is seriously preparing itself to grow and develop new service business
opportunities, both from the companyûs direct investment, and through investments in joint ventures, in order to
increase our competitiveness and to generate recurring income. These will become the cornerstones on which
we will continue to build sustainable growth for the company.
On behalf of the Board of Directors of Advanced Information Technology PCL., we would like to
sincerely thank you each, and all of our trading partners, shareholders, business partners, customers, financial
institutions, executives and employees - as well as all the people from our concerned parties who have
supported the operations of our company from the beginning. The company remains solidly behind its ongoing
adherence to good corporate governance and it remains committed to the continuous growth of the business -
while striving always to bring ongoing benefits to both our stakeholders and to Thai society in general.
Mr.Thana Chaiprasit Mr.Siripong Oontornpan
Chairman of the Board Chairman of Executive Board
Committee & President
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Your Success is Our Success
Report of the Audit Committee
Dear Shareholders,
The Audit Committee performs its duties and responsibilities within the authority assigned by the Board
of Directors, These include: to monitor the operation of the Company in order to ensure that the executives
and Board Members perform their duties, as approved by the Shareholders of the Company, responsibly, with
honesty and with integrity; also to manage the affairs of the Company, at all times, in accordance with its
agreed and approved policies.
In 2013 the Audit Committee held a total of seven meetings. Of these, two meetings were held with the
auditor - but without any Company representatives attending; while the other five meetings were held in
conjunction with the Company executives, the auditor and the internal auditors, as appropriate, in order to
monitor the progress of the operations - as discussed and suggested by both the internal and external
auditors. The principle activities of the Audit Committee in 2013 were:
1. To review the quarterly and annual financial statements before presenting these to the Board of
Directors. This was done in order to ensure that the financial statements were: prepared in accordance
with all legal requirements and accounting standards, as per the generally accepted accounting
principles; that the accounting and financial systems are accurate and reliable; that the disclosure of the
financial statements is adequate and on time for the benefit of all investors or other users of the
financial statements. Where necessary, the Audit Committee sought clarification and explanations from
the management and auditors to ensure that: the accuracy and completeness of the financial
statements; there was adequacy of disclosure; events after the balance sheet release date where
checked; finally, it checked any accounting adjustments which could affect the financial statements.
2. To review and evaluate the Companyûs internal control system. The Audit Committee has reviewed and
commented on the audit report of 2013 conducted by the internal auditors with regards to: the
Reimbursement and Clear Petty Cash Control System; After Sales Expenses Control Systems; Related
Party Transaction Procedures; After Sales Service Procedures of Maintenance Section, Operation Control
of Project Manager Department, Budget Control Audit. The Audit Committee also considered and
provided comments on a report of the results of the annual Internal Audit Control System. The Audit
Committee has the opinion that the Company has adequate Internal Control Systems in place and
appropriate to the accepted criteria.
3. At each meeting held, the Audit Committee has at all times considered comments in regards to their
compliance with the law of the Securities and Exchange Commission, the regulations of the Stock
Exchange of Thailand and any other laws relating to its business. The review of its operations in the
year 2013 showed no past issues of substance regarding non-compliance with the Securities and
ANNUAL REPORT 2013
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Advanced Information Technology Public Company Limited and its Subsidiaries