Financial Position Of Thai Oil Company Essay

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For volume production in 2015 found that domestic refineries have the volume of petroleum refining on average 1.037 million barrels per day, up from the same period of the previous year 's level of 936,400 barrels per day since in 2015 had no annual shutdown maintenance of the refinery like last year (2014). The comparison of the same proportion, considering the amount of refinery, the company has refined to produce as the highest proportion in the country, which accounted for 27 percent of the total volume of the country 's refining. 2. Statements of financial position of Thai Oil Company The financial condition of Thai Oil and its subsidiaries at 30 September 2016 and at 31 December 2015 compared shown as picture below. At 30 September 2016, the company had total assets of 203,865 million Thai baht (approximately 6795.5 Million USD), which increased from 11,699 million Thai baht (approximately 56.63 Million USD) or 6.1 percent according to these factors: (1) Cash, cash equivalents and short-term investments increased to 3,296 million baht (109.86 million USD) of cash flow from operating activities in 9M /16 and dividend income. (2) Other current assets increased to 7,097 million Thai baht (approximately 236.56 million USD) due to the mainly increase of inventories 7084 million Thai baht (approximately 236.13 mil-lion USD) and crude oil prices at the end of Q3 / 59 increased from year-end 2015 as well as the increasing of business debtors to 1706 million Thai baht
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