Financial Condition of Cooperative - CAD · 2018-08-30 · Financial Condition of Cooperative 3 in...

aFinancial Condition of Cooperative in Thailand 2017

1Financial Condition of Cooperative in Thailand 2017

Executive Summary

2017 Financial Condition of Cooperative Report is published

to present financial data analysis of Thai cooperatives (including

cooperative federations) conducting business during the year 2017.

It also gives notices and warning so that all types of Thai cooperatives

and farmer groups will be aware of. This information is as of 30

September 2017. The total amount of cooperatives (including

cooperative federations) is 11,355 comprising 3 categories which

are 3,982 agricultural cooperatives (agriculture, fishery and land

settlement), 3,228 non – agricultural cooperatives (consumer, service,

thrift and credit and credit union) and 4,145 farmer groups. A number

of members is expended at 0.51% with 12.62 million members or 19.04 %

of the whole population. Totally, the operating capital is 2.95 trillion Baht

and the result of analysis is the following;

The value of business running in Thai cooperatives is 2.30

trillion Baht in total or 14.86 % of the Gross Domestic Product

(GDP), expanding 3.88 % in the year 2017. Credit business touches

the highest point value at 1.28 trillion Baht or 57.88 % of the grand

total of businesses, followed by deposit business which is 37.03 %,

compilation of products and transformed agricultural products

business is 4.13 % whereas 2.89 % is from trading business and 0.17%

is from service business.

2 Financial Condition of Cooperative in Thailand 2017

The profit of business conducting in the year 2017 equals

84,999 million Baht: 8,865 cooperatives and farmer groups have a net

profit at 78.07 % of total cooperatives and farmer groups (equivalent

to 89,164 million Baht), 2,319 are those that loss (net) at 20.42 %.

In terms of individual saving, each member saves 162,669 Baht in

average, increasing 12.99 % while their debts are 162,635 Baht

per person in average, increasing 6.17 %.

Considering of financial management capacity which comprises

1) the ratio of operating cost per profit (before deduction of

operating cost) 2) the ratio of short – term receivables who can pay in

time 3) the ratio of reserved capital per assets by using CFSAWS : ss

(Cooperative Financial Surveillance and Warning System : Set

Standard), the result of the analysis shows that 6,519 cooperatives

or 58.29 % is higher than standard, in terms of 13.15% is standard

and 28.56 % is lower than standard. As for short- term receivables

who can pay in time, there are 6,677 cooperatives or 59.02 % is

higher than standard, 14.82 % is standard, and 26.16 is lower than

standard. As for reserved capital per assets, it is 26.48 % (3,007

cooperatives) higher than standard, 17.91 % is standard, and 55.61 %

(6,314 cooperatives) is under standard. That is why surveillance is

urgent 7.92 % (883 cooperatives).

Overall, financial management capacity of Thai Cooperative is

sufficient, considering the 9.47 % increase to 2.95 trillion Baht of

the operating capital. 42.69 % or 1.69 trillion Baht (57.31 %) come


from cooperatives’ liabilities, while 33.60 % come from debts. From

the analysis of capital’s risk, it is shown that 1.34 times considering

most debts per cooperatives’ capital. That means cooperative’s

capital can not cover the whole debt, so cooperatives must

encourage members to collect more share capital as well as asset

management to make more income preventing risks. Most of current

asset at 76.61 % is invested in receivables who ask for short –

term loans can pay back in time. Percentage of return on assets is

3.01. It is evident that management on receivables will be efficient

if cooperatives can collect the debts in time. On the side of liquidity,

it is found that current asset is less than current liabilities 0.47 times.

Despite current asset being insufficient compared to current liability,

it should be noted that most of current liability comes from deposits

of cooperative members. Measures should be taken to ensure high

receivable turnover rate.

Most essential industrial and energy crops compilation such as

rubber, paddy, corn, palm, sugar cane and Cassava is valued 58,765

million Baht in total. Rubber has the highest value (36,423 million Baht,

3,035 million Baht per month by average), followed by paddy (12,135

million Baht) and palm 4,262 million Baht. Compilation of rubber and

palm is expanding whereas compilation of Cassava, paddy, sugar cane

and corn is shrink due to natural disasters and the low price of some

agricultural products. Still, the crops remain in high demand, and it

tends to be better according to the country’s economy.


In conclusion, Thai cooperatives’ finance in 2017 has been

improved with 10.33 % of net profit. Cooperatives and farmer groups

should take reserve capital important, which is secure and liability-free

and can help against damage from business volatility. Cooperatives

also need a better measure so that all receivables are cleaned on

time, which can be done by realizing members’ ability to return debts

and insurety. Reconsidering criteria for granting of loans to better fit

members’ debt setting ability must be done systematically. These can

strengthen them and make them happy sustainably.

Preface


Preface

The Center of Information and Communication Technology,

Cooperative Auditing Department (CAD), acts as an information center

of cooperatives and farmer groups, and is responsible for publishing

the reports on cooperatives’ financial condition too. The Financial

Condition of Cooperative in Thailand 2017 is aimed at providing

thorough analysis of important financial aspects of Thai cooperatives,

as well as providing suggestions to help with cooperative financial

surveillance and mitigating risks. We hope that this report will be able

to reflect the many facets of Thai cooperatives’ finance and be of use

in strengthening Thai cooperatives and famers groups.

Cooperative Auditing Department

Center of Information and Communication Technology

June 2018


Index

Executive Summary 1

Preface 7

List of Tables 10

- Cooperatives and Farmer Groups’ Performance 13

- Business Management Capacity of Cooperatives and 19

Farmer Groups in 2017

- Operation Results of Cooperatives and Farmer Groups 35

in 2017

- Management Capacity of Cooperatives and 45

Farmer Groups 2017

- 6 Dimensions of Financial Condition of Cooperatives 57

and Farmer Groups 2017

- Industrial and Energy Crops of Cooperatives and 65

Farmer Groups 2017

Appendix 73

- Financial Statistical Data of Cooperatives and 73

Farmers Groups 2013 - 2017


List of Tables

Table 1 Number of Cooperatives (including cooperative 16

federations) and Farmer Groups, Members and

Operating Capital

Table 2 The business value of Thai cooperatives in 2017 21

Table 3 Comparing the business value of Thai 24

cooperatives (Category types of business)

Table 4 Comparing the business value of agriculture 25

cooperative (Category types of business)

Table 5 Comparing the business value of fishery 26


Table 6 Comparing the business value of land settlement 27


Table 7 Comparing the business value of non – agricultural 28


Table 8 Comparing the business value of consumer 29


Table 9 Comparing the business value of service 30


Table 10 Comparing the business value of Thrift and Credit 31


Table 11 Comparing the business value of credit union 32



List of Tables

Table 12 Comparing the business value of farmer groups 33

(Category types of business)

Table 13 Analysis of Thai Cooperative’s Operation 38

Result 2017

Table 14 Thai Cooperative Operation Results 2017 38

Table 15 Agricultural Cooperatives’ Operation Results: 40

by Type

Table 16 Non-Agricultural Cooperatives’ Operation Results: 42

by Type

Table 17 Cooperatives and Farmer groups’ Management 48

Capacity 2017

Table 18 Agricultural Cooperatives’ management capacity: 51

by type

Table 19 Non-Agricultural Cooperatives’ management 54

capacity: by type

Table 20 Financial ratio of Thai cooperative 2017 63

Table 21 Industrial and energy crops of cooperatives and 71

farmer groups (2015 - 2017)

Cooperatives and Farmer Groups’

Performance


Cooperatives and Farmer Groups’ Performance

In 2017, according to the data from audit reports approved

by auditors, processing data as of September 30, 2017, there

are 11,355 cooperatives (including cooperative federations) and

farmer groups, split into 3 categories including: 1) 3,982 Agricultural

cooperatives – agriculture cooperatives, fishery cooperatives and

land settlement cooperatives 2) 3,228 Non-agricultural cooperatives -

consumer cooperatives, service cooperatives, thrift and credit

cooperatives and credit union cooperatives and 3) 4,145 farmer groups.

The number of cooperatives and farmer groups increases by 0.51 %

this year compared to the last year’s. The total number of members is

12.62 million, decreasing from the previous year 0.18 % or 19.04 %

of Thailand’s population. The operating capital is 2.95 trillion Bath,

increasing from the previous year 9.47 %


Table 1 : Number of Cooperatives (including cooperative federations)

and Farmer Groups, Members and Operating Capital

Category

Number of Cooperatives and Farmer

Groups (Groups)

Increases/ DecreasesPercentage

Number of Members(people)


Operating Capital(million Baht)


1. Agricultural cooperatives 3,982 1.04 6,812,001 0.10 272,585 7.02

Agriculture 3,810 1.03 6,601,165 0.07 260,573 7.01

Fishery 84 1.20 15,512 0.48 881 9.31

Land settlement 88 1.15 195,324 0.97 11,131 7.17

2. Non-agricultural

cooperatives

3,228 0.88 5,276,869 (0.37) 2,670,676 9.72

Consumer 156 0.65 706,578 0.62 3,267 (0.18)

Service 1,091 0.83 498,830 (4.19) 22,370 (15.60)

Thrift and credit 1,409 0.36 3,215,811 0.59 2,587,556 10.17

Credit Union 572 2.33 855,650 (2.37) 57,483 3.30

Total of cooperative 7,210 0.97 12,088,870 (0.10) 2,943,261 9.46

3. Farmer groups 4,145 (0.26) 529,272 (1.94) 4,448 11.17

Total 11,355 0.51 12,618,142 (0.18) 2,947,709 9.47


Considering the operating capital in 2017, there is a quite good

tendency with 2.95 trillion Bath and it increases consistently every year.

The operating capital comprises the cooperatives’ equity at 42.69 %,

deposit at 36.23 % and loan and trade credit at 21.98 %. The tendency

of the next 5 years (2018 - 2022) is expected to have the operating

capital about 4.06 trillion Baht.

Business Management Capacity of Cooperatives

and Farmer Groups in 2017


Business Management Capacity of Cooperatives and Farmer Groups in 2017

Cooperatives and farmer groups mainly conduct 5 types of

service businesses including: 1) credit business, 2) deposit business,

3) trading business, 4) compilation of product / transformed

agricultural product and manufacturing business, and 5). service

and agricultural support business. Total business value in 2017

is 2.30 trillion Baht, 14.86 % of Thailand’s GDP.

Table 2 : The business value of Thai cooperatives in 2017

Type of Businesses

Cooperative (million Baht)

Farmer groups (million Baht)

Total of cooperatives and farmer

groups (million Baht)

Increases/ Decreases Percentage

Agricultural cooperatives

Non – agricultural cooperative

Credit 100,435 1,177,990 2,199 1,280,624 0.10

Percentage 7.84 91.99 0.17 100

Deposit 77,946 772,143 200 850,289 10.51

Percentage 9.17 90.81 0.02 100

Trading 56,404 8,948 867 66,220 (1.92)

Percentage 85.18 13.51 1.31 100

Compilation/Transformed 87,427 2,769 4,716 94,912 5.77

Percentage 92.11 2.92 4.97 100

Service 2,703 1,225 20 3,948 (6.31)

Percentage 68.46 31.03 0.51 100

Total 324,915 1,963,075 8,002 2,295,993 3.88

Year 2016 318,464 1,884,429 7,348 2,210,241

Increases/Decreases

Percentage

2.03

4.17

8.90

3.88


1. Credit business

Growths by 0.10 %, compared to the previous year’s.

Combined credit business value is 1,280,624 million Baht, averaging

at 106,719 million Baht per month. Non-agricultural cooperatives

grant the highest combined amount of credit business at

1,177,990 million Baht, 91.99 % of combined credit business value.

Agricultural cooperatives 7.84 % of the amount. Farmer Groups 0.17 %

of the amount. On average, an agricultural cooperative member

has 26,747 Baht debt per year, while a non-agricultural cooperative

member has 353,898 Baht debt per year, and a farmer group member

has 4,688 Baht debt per year.

2. Deposit business

Growths by 10.51 %, compared to the previous year’s. Total

deposit business value is 850,289 million Baht, averaging at 70,854

million Baht. Non-agricultural cooperatives have the highest amount of

combined deposit business value at 772,143 million Baht (90.81 %)

of total deposit business value. Agricultural cooperatives 9.17 % of

the amount. Farmer groups 0.02 % of the amount. On average, an

agricultural cooperative member has 19,446 Baht in deposit per year,

while a non-agricultural cooperative member has 363,640 Baht in

deposit per year, and a farmer group member has 2,326 Baht in

deposit per year.


3. Trading business

Shrinking by 1.92 %, compared to the previous year’s.

Total trading business value is at 66,220 million Baht, averaging at

5,518 million Baht per month. Agricultural cooperatives generate

the most of this number at 56,404 million Baht, 85.18 % of total

trading business value. Non - agricultural cooperatives 13.51 %

of the amount. Farmer groups 1.31 % of the amount.

4. Compilation of product / transformed agricultural product

and manufacturing business

Growths by 5.77 %, compared to the previous year’s.

Total compilation of product / transformed agricultural product and

manufacturing business value is at 94,912 million Baht, averaging

at 7,909 million Baht. Agricultural cooperatives produce the most of

this number at 82,427 million Baht, 92.11 % of the total compilation

of product / transformed agricultural product and manufacturing

business value. Farmer groups generate 4.97 % of the amount.

Non - agricultural cooperatives 2.92 % of the amount.

5. Service business

Shrinking by 6.31 % times, compared to the previous year’s.

Total service business value is at 3,948 million Baht, averaging at

329 million Baht per month. Agricultural cooperatives generate

the most of this amount at 2,703 million Baht or 68.46 %. Non –

agricultural generate cooperatives 31.03 % of the amount and farmer

groups 0.51 % of the amount.


Business Management, by Cooperatives and Farmer Groups Type

1. Agricultural cooperatives: Growths by 2.03 %

There are 3,982 agricultural cooperatives with 6,812,001

members. Its operating capital is 272,585 million Baht, total

business value 324,915 million Baht, averaging at 27,076 million Baht

per month. Credit business value generates the most of this amount

at 100,435 million Baht or 30.91 % of agricultural cooperatives’

total business value, followed by compilation of product/ transformed

agricultural product at 26.91 % and deposit business at 23.99 %

as shown in Table 3.

Table 3 : Comparing the business value of Thai cooperatives


Type of Businesses2017 2016 Increases/

DecreasesPercentagemillion Baht Percentage million Baht Percentage

Credit 100,435 30.91 101,678 31.93 (1.22)

Deposit 77,946 23.99 74,458 23.38 4.68

Trading 56,404 17.36 57,171 17.95 (1.34)

Compilation / Transformed 87,427 26.91 82,197 25.81 6.36

Service 2,703 0.83 2,960 0.93 (8.68)

Total 324,915 100 318,464 100 2.03


1.1 Agriculture cooperatives: Growths by 1.89 %

There are 3,810 agriculture cooperatives with 6,601,165

members. Its operating capital is 260,573 million Baht. Total

business value is 309,167 million Baht, compared to the previous

year’s, averaging at 25,764 million Baht per month. Credit business

value generates the most of this amount at 96,006 million Baht,

31.05 % of agricultural cooperatives’ total business value, followed

by compilation of product/transformed agricultural product at 26.61 %.

Considering each business, compilation of product/transformed

agricultural and deposit business, expend 5.63 % and 5.13 %

respectively. Meanwhile, the business that shrink are service

business, trading business and credit business at 9.00 %, 1.52 % and

1.27 % respectively.

Table 4 : Comparing the business value of agriculture cooperative




Credit 96,006 31.05 97,243 32.05 (1.27)

Deposit 74,961 24.24 71,301 23.50 5.13

Trading 53,321 17.25 54,144 17.84 (1.52)


Service 2,610 0.85 2,868 0.94 (9.00)

Total 309,167 100 303,437 100 1.89


1.2 Fishery cooperatives: Growths by 38.65 %

There are 84 fishery cooperatives with 15,512 members.

Its operating capital is 881 million Bath. Total business value is

1,801 million Baht, averaging at 150 million baht per month.

Compilation of product/transformed agricultural product business

value generates the most of this amount at 782 million Baht (43.42 %),

expanding 56.40 %, followed by compilation of product/ transformed

agricultural product (33.87 % of the business value). Considering each

business, compilation of product/transformed agricultural product

business, credit business and trading business expand 56.40 %,

45.60 % and 30.06 % respectively. Meanwhile, the businesses that

shrink are deposit business and service business at 4.17 % and 1.32 %

respectively.

Table 5 : Comparing the business value of fishery cooperative




Credit 265 14.71 182 14.01 45.60

Deposit 69 3.83 72 5.54 (4.17)

Trading 610 33.87 469 36.11 30.06

Compilation / Transformed 782 43.42 500 38.49 56.40

Service 75 4.17 76 5.85 (1.32)

Total 1,801 100 1,299 100 38.65


1.3 Land settlement cooperatives : Growths by 1.60 %

There are 88 land settlement cooperatives with 195,324

members. Its operating capital is 11,131 million Baht. Total business

value is 13,947 million Baht, averaging at 1,162 million Bath. Compilation

of product/transformed agricultural product business generates the

most of this amount at 4,376 million Baht (31.38 %), followed by

credit business (29.85 % of land settlement cooperatives’ total

business value). Considering each business, compilation of product/

transformed agricultural product business and service and agricultural

support business expand 14.68 % and 12.50 % respectively.

Meanwhile, the businesses that shrink are deposit business,

compilation of product/transformed agricultural product business and

credit business at 5.48 %, 3.32 % and 2.09 % respectively.

Table 6 : Comparing the business value of land settlement




Credit 4,164 29.85 4,253 30.98 (2.09)

Deposit 2,916 20.91 3,085 22.47 (5.48)

Trading 2,473 17.73 2,558 18.63 (3.32)


Service 18 0.13 16 0.12 12.50

Total 13,947 100 13,728 100 1.60


2. Non-agricultural cooperatives (business expanding

by 4.17 %)

There are 3,228 non – agricultural cooperatives with

5,276,869 members. The operating capital is 2,670,676 million Baht.

The total business value is 1,963,076 million Baht (163,590 million

Baht monthly in average). The most value is generated by credit

business which is 1,177,990 million Baht or 60.01 % of non –

agricultural cooperatives’ total business value, followed by deposit

business at 39.33 %.

Table7 : Comparing the business value of non – agricultural




Credit 1,177,990 60.01 1,175,759 62.39 0.19

Deposit 772,143 39.33 694,741 36.87 11.14

Trading 8,949 0.46 9,551 0.51 (6.30)

Compilation / Transformed 2,769 0.14 3,145 0.17 (11.96)

Service 1,225 0.06 1,233 0.06 (0.65)

Total 1,963,076 100 1,884,429 100 4.17


2.1. Consumer cooperatives ( business shrinkage by 3.81 %)

There are 156 consumer cooperatives with 706,578

members. The operating capital is 3,267 million Baht. The total

business value is 6,213 million Baht (518 million Baht monthly in

average). The most value is generated by trading business which

is 5,940 million Baht or 95.61 % of consume cooperatives’ total

business. Also, credit business is advancing (expanding by 21.74 %).

The rest shrinks.

Table 8 : Comparing the business value of consumer cooperative




Credit 112 1.80 92 1.42 21.74

Deposit 78 1.26 105 1.63 (25.71)

Trading 5,940 95.61 6,165 95.45 (3.65)

Compilation / Transformed 13 0.21 25 0.39 (48.00)

Service 70 1.12 72 1.11 (2.78)

Total 6,213 100 6,459 100 (3.81)


2.2 Service cooperatives (business expanding by 1.01 %)

There are 1,091 service cooperatives with 498,830 members.

The operating capital is 22,370 million Baht. The total business

value is 15,320 million Baht (1,276 million Baht monthly in average).

The most value is generated by credit business which is 5,561 million

Baht or 36.30 % of service cooperatives’ total business, followed

by deposit business at 26.38 %. Considering each business, deposit

business and credit business expand 6.65 % and 3.48 % respectively.

Meanwhile, trading business, compilation of product/ transformed

agricultural product and business shrink 10.32 %, 1.19 % and 0.52 %

respectively.

Table 9 : Comparing the business value of service cooperative




Credit 5,561 36.30 5,374 35.44 3.48

Deposit 4,041 26.38 3,789 24.98 6.65

Trading 2,172 14.18 2,423 15.97 (10.32)

Compilation / Transformed 2,402 15.68 2,431 16.03 (1.19)

Service 1,143 7.46 1,149 7.58 (0.52)

Total 15,320 100 15,166 100 1.01


2.3 Thrift and credit cooperatives (business expanding

by 4.24 %

There are 1,409 thrift and credit cooperatives with

3,215,811 members. The operating capital is 2,587,556 million Baht.

The total business value is 1,905,235 million Baht (158,770 million Baht

monthly in average). The most value is generated by non – agricultural

cooperatives which is 97.05 %. The most value in credit business is

1,153,254 million Baht or 60.53 % of the total business. Considering

each business, deposit business expands more than credit business.

Table 10 : Comparing the business value of Thrift and Credit




Credit 1,153,254 60.53 1,152,104 63.04 0.10

Deposit 751,981 39.47 675,554 36.96 11.31

Total 1,905,235 100 1,827,658 100 4.24


2.4 Credit union cooperatives (business expanding by 3.31 %)

There are 572 credit union cooperatives with 855,650

members. The operating capital is 57,483 million Baht. The total

business value is 36,308 million Baht (3,026 million Baht monthly in

average). The most value is generated by credit business which is

19,063 million Baht or 52.50 % of credit union cooperatives, followed

by deposit business 44.19 % considering each business, deposit

business and credit business expand 4.90 % and 4.81 % respectively.

Meanwhile, compilation of product/ transformed agricultural product and

trading business shrink 48.62 % and 13.19 % respectively.

Table 11 : Comparing the business value of credit union




Credit 19,063 52.50 18,189 51.75 4.81

Deposit 16,043 44.19 15,293 43.51 4.90

Trading 836 2.31 963 2.74 (13.19)

Compilation / Transformed 354 0.97 689 1.96 (48.62)

Service 12 0.03 12 0.03 0.00

Total 36,308 100 35,146 100 3.31


3. Farmer groups (business expanding by 8.90 %)

There are 4,145 farmer groups with 529,272 members.

The operating capital is 4,448 million Baht. The total business value

is 8,002 million Baht (667 million Baht monthly in average). The most

value is generated by compilation and transformed product business

which is 4,716 million Baht or 58.94% of the whole business value,

followed by credit business which is 27.48 %. Considering separate

businesses, credit business, trading business and compilation and

transformed product business expand 15.68 %, 9.19 % and 7.35 %

respectively. Meanwhile, deposit business and service business shrink

16.32 % and 4.76 % respectively.

Table 12 : Comparing the business value of farmer groups




Credit 2,199 27.48 1,901 25.87 15.68

Deposit 200 2.50 239 3.25 (16.32)

Trading 867 10.83 794 10.81 9.19


Service 20 0.25 21 0.29 (4.76)

Total 8,002 100 7,348 100 8.90


In conclusion, businesses run by cooperatives and farmer groups

are pretty good. It is seen that 3.88 % of business expand ; the most

value is generated by credit business which is 1,280,624 million Baht

or 55.78 % of the total business value, followed by deposit business

(37.03%).

Business direction

Comparing to the business running in years 2013 – 2017, business

value expands consecutively every year except the year 2014

because business value reduces from the previous year. It is expected

that in 5 - year period (years 2018 - 2022) business value will increase

every year and in the year 2022 it will increase to be 2.84 trillion Baht.

Operation Results of Cooperatives

and Farmer Groups in 2017


Operation Results of Cooperatives and Farmer Groups in 2017

In 2017, cooperatives and farmer groups generate a total of 343,391 million Baht revenue, averaging at 28,616 million Baht per month, 258,393 million Baht expense, and 84,999 million Baht net profit.

1. Revenue Total revenue is 343,391 million Baht (328,473 million Baht for the last year). Agricultural cooperatives generate the most of total revenue at 173,941 million Baht, 50.66 % of total revenue, followed by non-agricultural cooperatives at 163,330 million Baht (47.56 %) and farmer groups at 6,120 million Baht (1.78 %).

2. Expense Total expense is 258,392 million Baht (251,719 million Baht for the lent year). Agricultural cooperatives generate the most of total expense at 169,928 million Baht (65.76 % of the whole expense), followed by non - agricultural cooperatives at 31.92 % and farmer groups at 2.32 %.

3. Net profit Total net profit is 84,999 million Baht, 24.75% of total revenue, grows by 10.74 %. Non - agricultural cooperatives generate the most of total net profit at 80,858 million Baht, 95.13 % and 23.55 % of total net profit and total revenue, followed by agricultural cooperatives

at 4,013 million Baht and farmer groups at 128 million Baht.


Table 13 : Analysis of Thai Cooperative’s Operation Result 2017

Results of Operations

CooperativesFarmer Groups Total

Agricultural Non - agricultural

Places Million Baht Places Million

Baht Places Million Baht Places Million

Baht

With net profit 2,749 6,500 2,708 82,459 3,408 205 8,865 89,164

With net loss 1,187 2,487 441 1,601 691 77 2,319 4,165

With no performance 46 79 46 171

Total 3,982 4,013 3,228 80,858 4,145 128 11,355 84,999

Table 14 : Thai Cooperative Operation Results 2017

Description Agricultural Non-Agricultural

Farmer Groups Total

Results of Operations (M Baht)

Total Revenue 173,941 163,330 6,120 343,391

Total Expense 169,928 82,472 5,992 258,392

Net Profit (Loss) 4,013 80,858 128 84,999

Saving – Debt (Baht per member)

Average Saving 19,446 363,640 2,326 162,669

Average Debt 26,747 353,898 4,688 162,635


Operation Results, by Cooperative Types

1. Agricultural cooperatives : They generate total revenue of

173,941 million Baht, averaging at 14,495 million Baht per month.

Expense is 169,928 million Baht. Net profit is 4,013 million Baht. Each

member on average has 19,446 Baht in savings deposit, expanding

by 8.86 % and 26,747 Baht in debt, expanding by 6.85 %.

1.1 Agriculture cooperatives : They generate revenue of

164,273 million Baht, averaging at 13,689 million Baht per month

(159,483 million Baht for the last year). Total expense is 160,383

million Baht. Net profit is 3,890 million Baht. Each member on

average has 19,319 Baht in savings deposit, expanding by 9.02 %

and 26,365 Baht in debt, expanding by 6.84 %.

1.2 Fishery cooperatives : They generate total revenue

of 1,564 million Baht, averaging at 130.33 million Baht per month

(1,564 million Baht for the last year). Total expense is 1,561 million Baht,

Net profit is 3 million Baht. Each member on average has 18,784 Baht

in savings deposit, expanding by 4.88 % and 32,792 Baht in debt,

expanding by 16.68 %.

1.3 Land settlement cooperatives : They generate total

revenue of 8,104 million Baht, averaging at 675.33 million Baht per

month. Total expense is 7,984 million Baht. Net profit is 120 million

Baht. Each member on average has 23,772 Baht in savings deposit,

expanding by 4.77 % and 39,197 Baht in debt, expanding by 6.18 %.


Table 15 : Agricultural Cooperatives’ Operation Results: by Type

Description Agriculture Fishery Land Settlement Total

Results of Operations (M Baht)

Total Revenue 164,273 1,564 8,104 173,941

Total Expense 160,383 1,561 7,984 169,928

Net Profit 3,890 3 120 4,013

Members’ Financial Status (Baht per member)

Average Saving 19,319 18,784 23,772 19,446

Average Debt 26,365 32,792 39,197 26,747

2. Non-agricultural cooperatives : They generate total revenue

of 163,330 million Baht, averaging at 13,611 million Baht per month.

Total expense is 82,472 million Baht. Net profit is 80,858 million Baht.

Each member on average has 363,640 Baht in savings deposit,


2.1 Consumer cooperatives : They generate total revenue of

6,253 million Baht, averaging at 521.08 million Baht per month. Total

expenditure is 6,150 million Baht. Net profit is 103 million Baht. Each

member on average has 904 Baht in savings deposit, expanding by

8.90 % and 925 Baht in debt, shrinking by 7.71 %.


2.2 Service cooperatives : They generate total revenue of

7,171 million Baht, averaging at 597.58 million Baht per month. Total

expanse is 6,969 million Baht. Net profit is 202 million Baht. Each

member on average has 20,719 Baht in savings deposit, expanding

by 16.98 % and 27,172 Baht in debt, expanding by 7.89 %.

2.3 Thrift and credit cooperatives : They generate total

revenue of 144,227 million Baht, averaging at 12,019 million Baht per

month. Total expense is 64,569 million Baht. Net profit is 79,658 million

Baht. Each member on average has 580,401 Baht in savings deposit,


2.4 Credit union cooperatives : They generate total revenue

of 5,679 million Baht, averaging at 473.25 million Baht per month.

Total expense is 4,784 million Baht, resulting in 895 million Baht net

profit. Each member on average has 48,443 Baht in savings deposit

and 43,500 Baht in debt.


Table 16 : Non-Agricultural Cooperatives’ Operation Results:

by Type

Description Consumer Service Thrift and Credit

Credit Union Total

Revenue – Expense – Profit (M Baht)

Total Revenue 6,253 7,171 144,227 5,679 163,330

Total Expense 6,150 6,969 64,569 4,784 82,472

Net Profit (Loss) 103 202 79,658 895 80,858

Saving – Debt (Baht per member)

Average Saving 904 20,719 580,401 48,443 363,640

Average Debt 925 27,172 564,723 43,500 353,898

3. Farmer groups : They generate total revenue of 6,120

million Baht, averaging at 510 million baht per month. Total expense

is 5,992 million Baht. Net profit is 128 million Baht. Each member on

average has 2,326 Baht in savings deposit, expanding by 8.54% and

4,688 Baht in debt, expanding by 12.80 %.

In conclusion, there are 8,865 cooperatives and farmer groups

that earn 89,164 million Baht. Net profit which is 84,999 million Baht,

2,319 of them lost 4,165 million Baht in total. The rest (171 places)

have no performance because they are just set up.


Cooperatives and farmer groups’ business direction in 2017

Cooperatives and farmer groups still see some financial success

in 2017, resulting in net profit, expanding by 10.74 %. It is predicted

that 2018 should see revenue and net profit growing further.

Management Capacity of Cooperatives

and Farmer Groups 2017


Management Capacity of Cooperatives and Farmer Groups 2017

In 2017, essential factors for the planning of improvement

of cooperative financial security and financial surveillance include

(1) Short-term receivable rapid on time ratio (2) Operating expense to

profit ratio (before deducting operating expenses) (3) Reserves fund

to asset ratio (Using CFSAWS : ss or Cooperative Financial Surveillance

and Warning System: Set Standard). This information is gathered

through use of the Cooperative Financial Surveillance and Warning

System: Set Standard (CFSAWS:ss). For each of the categories,

3 different grades are given depending on how the cooperatives

and farmer groups score, ranking from 1) Good, 2) On Standard,

3) Improvement (Substandard).

The result of the analysis shows that most cooperatives

and farmer groups have Good to On Standard Short-term receivable

rapid on time ratio at 73.84 % (8,354 cooperatives and farmer

groups), with 26.16 % (2,960 cooperatives and farmer groups) having

Improvement (Substandard) Short - term receivable rapid on time ratio.

As for (2), it ranks Good to On Standard levels at 71.44 % (7,990

cooperatives and farmer groups) and Substandard level at 28.56 %

(3,194 cooperatives and farmer groups). As for (3), it ranks Good to

On Standard level at 44.39 % (5,041 cooperatives and farmer groups)

and Substandard at 55.61 % (6,314 cooperatives and farmer groups).


Table 17 : Cooperatives and Farmer groups’ Management

Capacity 2017

Management CapacityCooperatives

Farmer groups

Grand TotalAgricultural Non-

Agricultural

Receivables paying in time (No. of Cooperatives)

Good 1,727 2,249 2,701 6,677

Standard 783 441 453 1,677

Improvement 1,454 525 981 2,960

Total 3,964 3,215 4,135 11,314

Operating Expenses (No. of Cooperatives)

Good 1,803 1,699 3,017 6,519

Standard 645 464 362 1,471

Improvement 1,488 986 720 3,194

Total 3,936 3,149 4,099 11,184

Reserve Capital (No. of Cooperatives)

Good 793 414 1,800 3,007

Standard 585 786 663 2,034

Improvement 2,604 2,028 1,682 6,314

Total 3,982 3,228 4,145 11,355

4 Level of Warning Signals (No. of Cooperatives)

Standard 794 810 1,783 3,387

Extra 1,282 1,410 1,453 4,145

Special 1,327 715 686 2,728

Urgent 515 201 167 883

Total 3,918 3,136 4,089 11,143


Management Capacity: By type

1. Agricultural cooperatives : 63.32% of agricultural cooperatives

have Good to On Standard short - term receivable rapid on time ratio.

Before deducting operating expenses, 36.68 % (1,454 cooperatives)

have Improvement (Substandard) short - term receivable rapid on

time ratio. 62.20 % have Good to On Standard operating expense

to profit ratio. 37.80 % (1,488 cooperatives) have Improvement

(Substandard) operating expense to profit ratio. 34.61 % have Good to

On Standard reserves fund to asset ratio. 65.39 % (2,604 cooperatives)

have Improvement (Substandard) reserves fund to asset ratio. 13.14 %

(515 cooperatives) are in need of urgent financial surveillance.

1.1 Agriculture cooperatives : Good to On Standard

short-term receivable rapid on time ratio for 63.50 % of cooperatives,

Improvement (Substandard) for 36.50 % (1,384 cooperatives).

Good to On Standard operating expense to profit ratio (before

deducting operating expenses) for 62.48 % of cooperatives,

Improvement (Substandard) for 37.52 % (1,413 cooperatives). Good to

On Standard reserves fund to asset ratio for 35.35 % of cooperatives,

Improvement (Substandard) for 64.65 % (2,463 cooperatives),

resulting in 13.02 % (488 cooperatives) are in need of urgent financial

surveillance and 33.35 % of special financial surveillance.


1.2 Fishery cooperatives : Good to On Standard short - term

receivable rapid on time ratio for 70.24 % of cooperatives,

Improvement (Substandard) for 29.76 % (25 cooperatives).

Good to On Standard operating expense to profit ratio (before

deducting operating expenses) for 57.32 % of cooperatives,

Improvement (Substandard) for 42.68 % (35 cooperatives). Good to

On Standard reserves fund to asset ratio for 15.48 % of cooperatives,

Improvement (Substandard) for 84.52 % (71 cooperatives). 13.41%

(11 cooperatives) are in need of urgent financial surveillance. 41.46 %

are in need of special financial surveillance.

1.3 Land settlement cooperatives : Good to On Standard


Improvement (Substandard) for 51.14 % (45 cooperatives). Good

to On Standard operating expense to profit ratio (before deducting

operating expenses) for 54.55 % of cooperatives, Improvement

(Substandard) for 45.45 % (40 cooperatives). Good to On Standard

reserves fund to asset ratio for 20.45 % of cooperatives, Improvement

(Substandard) for 79.55 % (70 cooperatives). 18.18 % (16 cooperatives)

are in need of urgent financial surveillance. 48.86 % are in need of

special financial surveillance.


Table 18 : Agricultural Cooperatives’ management capacity:

by type


TotalAgricultural Fishery Land

Settlement


Good 1,669 51 7 1,727

Standard 739 8 36 783

Improvement 1,384 25 45 1,454

Total 3,792 84 88 3,964


Good 1,739 37 27 1,803

Standard 614 10 21 645

Improvement 1,413 35 40 1,488

Total 3,766 82 88 3,936


Good 775 8 10 793

Standard 572 5 8 585

Improvement 2,463 71 70 2,604

Total 3,810 84 88 3,982


Standard 777 9 8 794

Extra 1,233 28 21 1,282

Special 1,250 34 43 1,327

Urgent 488 11 16 515

Total 3,748 82 88 3,918


2. Non-agricultural cooperatives : 83.67 % of non-agricultural

cooperatives have Good to On Standard short-term receivable

rapid on time ratio. 16.33 % (525 cooperatives) have Improvement

(Substandard) short-term receivable rapid on time ratio. 68.69 % have

Good to On Standard operating expense to profit ratio. 31.31 %

(986 cooperatives) have Improvement (Substandard) operating

expense to profit ratio. 37.17 % have Good to On Standard reserves

fund to asset ratio. 62.83 % (2,028 cooperatives) have Improvement

(Substandard) reserves fund to asset ratio. 6.41 % (201 cooperatives)

are in need of urgent financial surveillance.

2.1 Consumer cooperatives : Good short-term receivable

rapid on time ratio for 98.72 % of cooperatives, On Standard for

1.28 % (2 cooperative). Good to On Standard operating expense to

profit ratio for 49.36 % of cooperatives before deducting operating

expenses, Improvement (Substandard) for 50.64 % (79 cooperatives).

Good to On Standard reserves fund to asset ratio for 78.21 % of

cooperatives, Improvement (Substandard) for 21.79 % (34 cooperatives).

0.64 % (1 cooperatives) are in need of urgent financial surveillance.

2.2 Service cooperatives : Good to On Standard short-term

receivable rapid on time ratio for 76.95 % of cooperatives, Substandard

for 23.05 % (251 cooperatives). Good to On Standard operating

expense to profit ratio for 56.01 % of cooperatives before deducting

operating expenses, Improvement (Substandard) for 43.99 %

(450 cooperatives). Good to On Standard reserves fund to asset ratio


for 29.24 % of cooperatives, Improvement (Substandard) for 70.76 %

(772 cooperatives). 8.81 % (90 cooperatives) are in need of urgent

financial surveillance.

2.3 Thrift and credit cooperatives : Good to On Standard

short - term receivable rapid on time ratio for 95.15 % of cooperatives,

Improvement (Substandard) for 4.85 % (68 cooperatives). Good to

On Standard operating expense to profit ratio for 87.09 % of

cooperatives before deducting operating expenses. Improvement





2.4 Credit union cooperatives : Good to On Standard


Improvement (Substandard) for 35.92 % (204 cooperatives). Good

to On Standard operating expense to profit ratio for 51.41 % of

cooperatives before deducting operating expenses, Improvement






Table 19 : Non-Agricultural Cooperatives’ management capacity:

by type


TotalConsumer Service Thrift and

CreditCredit Union


Good 153 651 1,283 162 2,249

Standard 1 187 51 202 441

Improvement 2 251 68 204 525

Total 156 1,089 1,402 568 3,215


Good 39 423 1,109 128 1,699

Standard 38 150 112 164 464

Improvement 79 450 181 276 986

Total 156 1,023 1,402 568 3,149


Good 103 216 66 29 414

Standard 19 103 546 118 786

Improvement 34 772 797 425 2,028

Total 156 1,091 1,409 572 3,228


Standard 59 148 536 67 810

Extra 80 433 708 189 1,410

Special 16 350 132 217 715

Urgent 1 90 19 91 201

Total 156 1,021 1,395 564 3,136


3. Farmer groups : 76.28 % of farmer groups have Good to

On Standard short - term receivable rapid on time ratio. 23.72 %

(981 groups) have Improvement (Substandard) short -term receivable

rapid on time ratio. 82.43 % have Good to On Standard operating

expense to profit ratio. 17.57 % (720 groups) have Improvement

(Substandard) operating expense to profit ratio. 59.42 % have Good

to On Standard reserves fund to asset ratio. 40.58 % (1,682 groups)

have Improvement (Substandard) reserves fund to asset ratio. 4.08 %

(167 groups) are in need of urgent financial surveillance and 24.48 %

are in need of special financial surveillance.

In conclusion, cooperatives and farmer groups need to

emphasize more on building reserves fund, as it serves as a

unobligated, concrete backup funding source which can reduce

the impact of economic shift. Attention should also be given to

ensuring all receivables are cleared on time. Besides, burdens of reducing

expenses must be managed to suit incomes in order to fulfill

the gap of incomes and expenses with return for all members.

6 Dimensions of Financial Condition of Cooperatives and Farmer Groups 2017


6 Dimensions of Financial Condition of Cooperatives and Farmer Groups 2017

In 2017, in order to set a future plan for efficient administration

and make use of notice and suggestions as financial warning signals,

cooperatives’ financial condition analysis is done by analyzing

6 dimensions as follows :

Dimension 1 : Capital StrengthCooperatives have combined operating capital of 2,947,709

million Baht or 42.77 % and liabilities of 1,260,825 million Baht

or 57.23 %. Agricultural cooperatives have 31 % and other liabilities 69 %.

Non – agricultural cooperatives have 44 % and other liabilities 56 %.

Farmer groups have 47 % and other liabilities 53 %. Considering

capital strength, cooperatives’ combined capital can support liability

of 1.34 times capital. Agricultural cooperatives’ combined capital can

support liability of 2.27 times capital, non – agricultural cooperatives

1.27 times and farmers groups 1.14 times. We can see that cooperative’

capital is not enough to support all liabilities, creditors are in a risky

situation. Therefore, cooperatives should encourage members to

increase share capital and capital reserve. Also, to manage assets

efficiently is needy for building their capital strength supporting risks.


Dimension 2 : Asset QualityCooperatives and farmer groups have combined assets

of 2,947,709 million Baht most of which is invested in receivables

(2,262,238 million Baht or 76.75 of total assets), followed by

insurety/bonds (12.85 %). The percentage of short – term receivables

cleared on time is 93 %, but the amount of receivable not cleared on

time is 57.79 % of 71,061 million Baht (or 6.98 %). Of this number,

agricultural cooperatives cannot pay debt on time 41.33 % of

non – agricultural cooperatives and 0.88% of farmer groups.

Asset quality thus depends largely on receivable management. Most

assets still generate revenue and return on asset rate at 3.01 %, higher

than the previous year (2.97 %) with non – agricultural cooperative

generating most return on asset rate at 3.17 %, farmer groups at 3.03 %

and agricultural cooperatives at 1.52 %.

Dimension 3 : Management Ability In 2017, cooperatives and farmer groups mainly conduct

5 types of service businesses, and in total generate business value

added of 2,295,933 million Baht, averaging at 191,333 million Baht per

month. Business grows by 3.88%. Non-agricultural cooperatives have

total business value at 85.50 %. Credit business the highest growth

at 55.78 %, followed by deposit business at 37.03 %, Compilation of

product / transformed agricultural product and manufacturing business,

trading business and service business are at 4.13 %, 2.89 %

and 0.17 %, respectively.


Dimension 4 : EarningIn 2017, 11,355 cooperatives and farmer groups are able to

generate profit, expanding 10.74 %. Total net profit is 84,999 million

Baht. The cooperatives and farmer groups are able to generate net

profit 78.07% at 89,164 million Baht. Non – agricultural cooperatives

contributes the most to net profit 82,459 million Baht (97.01%).

Considering in terms of saving and liabilities, members have

162,669 Baht in average for saving and 162,635 Baht for liabilities.

Dimension 5 : LiquidityCurrent assets value is 715,527 million Baht. Current liabilities

value is 1,510,439 million Baht. Current asset to current liability ratio

is at 0.47 times. Current assets cannot cover short – term liability.

However, most of current assets (93 %) come from short – terms

receivables clearing on time. Most of current liabilities come from

deposits of members. To maintain financial liquidity, cooperatives are

suggested to manage members’ saving in an appropriate amount. Both

cooperatives and farmer groups are advised to manage paying back

liabilities from members to maintain financial liquidity.


Dimension 6 : SensitivityIn 2017, cooperatives and farmer groups face various risk

factors from natural disasters, fuel price, price volatility of crops,

to economy stagnation. Cooperatives and farmer groups are

severely affected by these in terms of investment, saving, consumption

and paying debts of members and are thus in need of financial

surveillance. A warning system and value driver are developed to

combat this situation to reduce production cost, increase incomes

build cooperative networks and find a common market. A value

drover system is also needed to help build financial and

management strength and to ensure future financial stability.

In conclusion, cooperatives and farmer groups still see success

in operation. They can increase added value in business by getting

good incomes and profits. Still, cooperatives and farmer groups

facing loss must be supported and guided by government

organizations to help them stabilize. The principles of the Sufficiency

Economy Philosophy should be encouraged to set cooperatives

and farmer groups onto the path of sustenance.


Table 20 : Financial ratio of Thai cooperative 2017

Data / Financial Ratio Unit

TotalCooperatives and farmer

groups

Cooperatives

Farmer groupsAgricultural

cooperatives

Non – agricultural

cooperatives

Number of cooperatives

(including cooperative

federations)

places 11,355 3,982 3,228 4,145

Number of members people/

cooperatives

12,618,142 6,812,001 5,276,869 529,272

Dimension 1 Capital Strength

1.1 liability/ capital ratio times 1.34 2.27 1.27 1.14

1.2 reserve fund/ asset ratio times 0.04 0.06 0.04 0.22

1.3 growth of cooperatives’

capital rate

% 9.02 5.81 9.26 7.28

1.4 growth of liabilities rate % 9.80 7.56 10.08 14.84

1.5 return per capital rate % 7.03 4.95 7.18 6.36

Dimension 2 Asset Quality

2.1 receivables’ arrears rate % 6.98 37.67 3.24 25.77

2.2 asset turnover rate rounds 0.11 0.64 0.05 1.43

2.3 return on asset rate % 3.01 1.52 3.17 3.03

2.4 growth of asset rate % 9.47 7.02 9.72 11.18

Dimension 3 Management Ability

3.1 growth of business rate % 3.88 2.03 4.17 8.89

Dimension 4 Earning Sufficiency

4.1 profit class/ member Baht 6,736.24 589.08 15,323.13 241.62

4.2 saving/ member Baht 162,668.78 19,445.63 363,640.42 2,326.27

4.3 liabilities/member Baht 162,635.29 26,747.26 353,897.71 4,687.50

4.4 operating expense

(profit before deducting

operating expenses) rate

% 21.55 67.05 15.69 53.80


4.5 growth of reserve

capital rate

% 8.89 3.86 9.90 4.78

4.6 growth of net profit rate % 10.74 20.73 10.27 27.77

Dimension 5 Liquidity

5.1 working capital rate times 0.47 1.01 0.40 1.94

5.2 short – term receivable

payables rate

% 93.02 62.33 96.76 74.23

Data / Financial Ratio Unit

TotalCooperatives and farmer

groups

Cooperatives

Farmer groupsAgricultural

cooperatives

Non – agricultural

cooperatives

Industrial and Energy Crops of Cooperatives and

Farmer Groups 2017


Industrial and Energy Crops of Cooperatives and Farmer Groups 2017

Industrial and energy crops of cooperatives and farmer groups

which are, agricultural product in demand of the market include,

1. Rubber (36,423 million Baht) 2. Paddy (12,135 million Baht)

3. Palm (4,262 million Baht) 4. Corn (3,999 million Baht) 5. Cassava

(1,526 million Baht) 6. Sugar cane (420 million Baht).

1. Rubber : 36,423 million Baht total value per yearRubber is produced in 57 provinces in Thailand and

distributed through 641 cooperatives and farmer groups. Total value

is 36,423 million Baht, averaging at 3,035 million Baht per month.

Growth is 25.96%, comparing to the previous year’s 18.27% shrinkage.

Rubber comes mainly from the southern part of Thailand (21,501

million Baht of total value), with Songkhla province being the

biggest producer. From 2015 to 2017, rubber’s total value increase

2.94% from 35,382 million Baht in 2015 to 36,423 million Baht

in 2017. Still, rubber remains in international market’s demand.

Current government policies also encourage usage of domestically

produced rubber, so its status as an industrial crop is secured.


2. Paddy : 12,135 million Baht total value per yearPaddy is produced in 58 provinces in Thailand and


is 12,135 million Baht, averaging at 1,011 million Baht per month.

Shrinkage is 20.10 %, Contrasting the previous year’s 3.56 %

shrinkage. Paddy comes mainly from the northeastern part of Thailand

(5,516 million Baht of total value), with Uttaradit province being

the biggest producer (1,279 million Baht). From 2015 to 2017, paddy’s

total value drops consistently from 15,749 million Baht in 2015

(22.95 %) to 12,135 million Baht in 2017.

3. Palm : 4,262 million Baht total value per yearPalm is produced in 33 provinces in Thailand and


is 4,262 million Baht, averaging at 355 million Baht per month.

Growth is 2.92 %, contrasting the previous year’s 4.89 % shrinkage.

Palm comes mainly from the southern part of Thailand (3,442

million Baht of total value), with Krabi province being the biggest

producer. From 2015 to 2017, palm’s total value drops in 2015,

but increases to 4,262 million Baht in 2017 (from 2016).


4. Corn : 3,999 million Baht total value per yearCorn is produced in 25 provinces in Thailand and distributed

through 111 cooperatives and farmer groups. Total value is 3,999

million Baht, averaging at 333 million Baht per month. Shrinkage is

5.12 %, (previous year’s 9.90 % growth). Corn comes mainly from the

northern part of Thailand, (2,180 million Baht of the total value), with

Nakhon Ratchasima province being the biggest producer. From 2015

to 2017, corn’s total value increases in 2015 but decreases to 3,999

million Baht in 2016.

5. Cassava : 1,526 million Baht total value per yearCassava is produced in 33 provinces in Thailand and

distributed through 122 cooperatives and farmer groups. Total value is

1,526 million Baht, averaging at 127 million Baht per month. Shrinkage

is 22.42 %, comparing to the previous year’s 19.14 % growth. Cassava

comes mainly from the northeastern part of Thailand (632 million Baht

of total value), with Nakhon Ratchasima province being the biggest

producer. From 2015 to 2017, cassava’s total value drops from 1,651

million Baht, but rises again in 2016 to 1,967 million Baht in 2017, then

drops again to 1,526 million Baht in 2017.


6. Sugar cane : 420 million Baht total value per yearSugar cane is produced in 15 provinces of Thailand and

distributed through 32 cooperatives and farmer groups. Total

value is 420 million Baht, averaging at 35 million Baht per month.

Shrinkage is 12.68 %, Contrasting the previous year’s 92.42 % growth.

Sugar cane comes mainly from the northeastern part of Thailand

(306 million Baht of total value), with Khon Kaen province being

the biggest producer. From 2015 to 2017, sugar cane’s total value

increases from 250 million Baht in 2015 to 420 million Baht in 2017

or 68 %.


Table 21 : Industrial and energy crops of cooperatives and

farmer groups (2015 - 2017)

Unit : Million Baht

No. Industrial/Energy crops 2017 2016 2015 Increase/decrease

From the year 2016

1 Rubber 36,423 28,916 35,382 25.96

2 Paddy 12,135 15,188 15,749 (20.10)

3 palm 4,262 4,141 4,354 2.92

4 Corn 3,999 4,215 3,835 (5.12)

5 Cassava 1,526 1,967 1,651 (22.42)

6 Sugar Cane 420 481 250 (12.68)

Total 58,765 54,908 61,221 (7.02)

In conclusion, industrial and energy crops from Thailand,

the total value of the yields that rises are rubber and palm except

cassava, paddy and sugar cane that shrink from 2016, owing to flood

in some areas and natural occurrences. As the crops remain in high

demand, policies and measures on agriculture must be proceeded

continuously so that the yields will increase and tend to be better

adjusted.

AppendixFinancial Statistical Data of

Cooperatives and Farmers Groups 2013 - 2017


Table I : Financial information of cooperatives (including cooperative

federations) and farmer groups 2013 - 2017

DescriptionYears

2017 2016 2015 2014 2013

Number of Cooperatives

(data from audit reports)

11,355 11,297 11,144 10,831 10,834

Members (million persons) 12.62 12.64 12.43 12.15 12.01

Operating Capital 2,947,709 2,692,782 2,467,466 2,258,477 2,057,952

Shareholders’ Equity 1,260,825 1,156,491 1,065,200 972,151 905,175

Deposits 1,067,801 913,841 792,653 686,497 646,705

Loans and other liabilities 619,083 622,450 609,613 599,829 506,072

Business value 2,295,992 2,210,241 2,039,625 1,951,339 1,983,233

Credit 1,280,624 1,279,338 1,175,668 1,201,651 1,219,120

Deposit 850,289 769,438 686,374 562,556 556,624

Trading 66,219 67,516 79,668 87,143 82,886

Compilation / Transformed

agricultural product

94,912 89,735 96,041 98,378 122,788

Service and agricultural support 3,498 4,214 1,874 1,611 1,815

Operation Results

Revenue 343,391 328,473 335,409 332,639 336,731

Expense 258,392 251,719 266,715 280,128 274,118

Net Profit 84,999 76,754 68,694 52,511 62,613

Financial Position

Total Assets 2,947,709 2,692,782 2,467,466 2,258,477 2,057,952

Total Liabilities 1,686,884 1,536,291 1,402,266 1,286,326 1,152,777


Financial Ratio

Return on Equity (%) 7.03 6.91 6.74 5.59 7.31

Return on Asset (%) 3.01 2.97 2.91 2.43 3.27

Average Debt per person (Baht) 162,635 153,177 146,042 137,634 127,551

Average Saving per person (Baht) 162,669 143,972 131,277 119,763 111,355


Table II : Financial information of cooperatives (including cooperative

federations) 2013 - 2017

DescriptionYears

2017 2016 2015 2014 2013



7,210 7,141 7,005 6,762 6,704


Operating Capital 2,943,261 2,688,781 2,463,611 2,254,922 2,054,242


Deposits 1,067,236 913,298 792,127 685,986 646,211


Business value 2,287,990 2,202,893 2,031,417 1,941,118 1,970,543

Credit 1,278,425 1,277,437 1,173,711 1,199,819 1,217,182

Deposit 850,089 769,199 686,155 562,284 556,345

Trading 65,352 66,722 78,740 85,984 81,352



90,196 85,342 90,904 91,450 113,883

Service and agricultural support 3,928 4,193 1,847 1,581 1,781

Operation Results

Revenue 337,271 322,769 328,869 323,715 325,364

Expense 252,400 246,115 260,302 271,333 262,935

Net Profit 84,871 76,654 68,567 52,382 62,429

Financial Position

Total Assets 2,943,261 2,688,781 2,463,611 2,254,922 2,054,242

Total Liabilities 1,684,517 1,534,230 1,400,262 1,284,482 1,150,640


Financial Ratio

Return on Equity (%) 7.03 6.91 6.74 5.59 7.30

Return on Asset (%) 3.01 2.98 2.91 2.43 3.26




Table III : Financial information of famer groups 2013 - 2017

DescriptionYears

2017 2016 2015 2014 2013



4,145 4,156 4,139 4,069 4,130


Operating Capital 4,448 4,001 3,855 3,555 3,710

Shareholders’ Equity 2,081 1,940 1,851 1,711 1,573

Deposits 565 543 526 336 494


Business Value 8,002 7,348 8,208 10,221 12,690

Credit 2,199 1,901 1,897 1,832 1,938

Deposit 200 239 219 272 279

Trading 867 794 928 1,159 1,534



4,716 4,393 5,137 6,928 8,905

Service and agricultural support 20 21 27 30 34

Operation Results

Revenue 6,120 5,704 6,540 8,924 11,367

Expense 5,992 5,604 6,413 8,795 11,183

Net Profit 128 100 127 129 184

Financial Position

Total Assets 4,448 4,001 3,855 3,555 3,710

Total Liabilities 2,367 2,061 2,004 1,844 2,137

Shareholders’ Equity 2,081 1,940 1,851 1,711 1,573

Financial Ratio

Return on Equity (%) 6.36 5.28 7.10 7.88 12.69

Return on Asset (%) 3.03 2.55 3.41 3.56 5.20



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