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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
3Financial Condition of Cooperative in Thailand 2017
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.
4 Financial Condition of Cooperative in Thailand 2017
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
7Financial Condition of Cooperative in Thailand 2017
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
9Financial Condition of Cooperative in Thailand 2017
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
10 Financial Condition of Cooperative in Thailand 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
cooperative (Category types of business)
Table 6 Comparing the business value of land settlement 27
cooperative (Category types of business)
Table 7 Comparing the business value of non – agricultural 28
cooperative (Category types of business)
Table 8 Comparing the business value of consumer 29
cooperative (Category types of business)
Table 9 Comparing the business value of service 30
cooperative (Category types of business)
Table 10 Comparing the business value of Thrift and Credit 31
cooperative (Category types of business)
Table 11 Comparing the business value of credit union 32
cooperative (Category types of business)
11Financial Condition of Cooperative in Thailand 2017
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
15Financial Condition of Cooperative in Thailand 2017
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 %
16 Financial Condition of Cooperative in Thailand 2017
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)
Increases/ DecreasesPercentage
Operating Capital(million Baht)
Increases/ DecreasesPercentage
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
17Financial Condition of Cooperative in Thailand 2017
18 Financial Condition of Cooperative in Thailand 2017
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
21Financial Condition of Cooperative in Thailand 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
22 Financial Condition of Cooperative in Thailand 2017
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.
23Financial Condition of Cooperative in Thailand 2017
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.
24 Financial Condition of Cooperative in Thailand 2017
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
(Category types of business)
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
25Financial Condition of Cooperative in Thailand 2017
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
(Category types of business)
Type of Businesses2017 2016 Increases/
DecreasesPercentagemillion Baht Percentage million Baht Percentage
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)
Compilation / Transformed 82,269 26.61 77,881 25.67 5.63
Service 2,610 0.85 2,868 0.94 (9.00)
Total 309,167 100 303,437 100 1.89
26 Financial Condition of Cooperative in Thailand 2017
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
(Category types of business)
Type of Businesses2017 2016 Increases/
DecreasesPercentagemillion Baht Percentage million Baht Percentage
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
27Financial Condition of Cooperative in Thailand 2017
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
cooperative (Category types of business)
Type of Businesses2017 2016 Increases/
DecreasesPercentagemillion Baht Percentage million Baht Percentage
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)
Compilation / Transformed 4,376 31.38 3,816 27.80 14.68
Service 18 0.13 16 0.12 12.50
Total 13,947 100 13,728 100 1.60
28 Financial Condition of Cooperative in Thailand 2017
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
cooperative (Category types of business)
Type of Businesses2017 2016 Increases/
DecreasesPercentagemillion Baht Percentage million Baht Percentage
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
29Financial Condition of Cooperative in Thailand 2017
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
(Category types of business)
Type of Businesses2017 2016 Increases/
DecreasesPercentagemillion Baht Percentage million Baht Percentage
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)
30 Financial Condition of Cooperative in Thailand 2017
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
(Category types of business)
Type of Businesses2017 2016 Increases/
DecreasesPercentagemillion Baht Percentage million Baht Percentage
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
31Financial Condition of Cooperative in Thailand 2017
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
cooperative (Category types of business)
Type of Businesses2017 2016 Increases/
DecreasesPercentagemillion Baht Percentage million Baht Percentage
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
32 Financial Condition of Cooperative in Thailand 2017
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
cooperative (Category types of business)
Type of Businesses2017 2016 Increases/
DecreasesPercentagemillion Baht Percentage million Baht Percentage
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
33Financial Condition of Cooperative in Thailand 2017
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
(Category types of business)
Type of Businesses2017 2016 Increases/
DecreasesPercentagemillion Baht Percentage million Baht Percentage
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
Compilation / Transformed 4,716 58.94 4,393 59.78 7.35
Service 20 0.25 21 0.29 (4.76)
Total 8,002 100 7,348 100 8.90
34 Financial Condition of Cooperative in Thailand 2017
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
37Financial Condition of Cooperative in Thailand 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.
38 Financial Condition of Cooperative in Thailand 2017
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
39Financial Condition of Cooperative in Thailand 2017
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 %.
40 Financial Condition of Cooperative in Thailand 2017
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,
expanding by 13.47 % and 353,898 Baht in debt, expanding by 6.27 %.
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 %.
41Financial Condition of Cooperative in Thailand 2017
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,
expanding by 13.11 % and 564,723 Baht in debt, expanding by 6.08 %.
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.
42 Financial Condition of Cooperative in Thailand 2017
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.
43Financial Condition of Cooperative in Thailand 2017
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
47Financial Condition of Cooperative in Thailand 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).
48 Financial Condition of Cooperative in Thailand 2017
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
49Financial Condition of Cooperative in Thailand 2017
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.
50 Financial Condition of Cooperative in Thailand 2017
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
short-term receivable rapid on time ratio for 48.86 % of cooperatives,
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.
51Financial Condition of Cooperative in Thailand 2017
Table 18 : Agricultural Cooperatives’ management capacity:
by type
Management CapacityCooperatives
TotalAgricultural Fishery Land
Settlement
Receivables paying in time (No. of Cooperatives)
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
Operating Expenses (No. of Cooperatives)
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
Reserve Capital (No. of Cooperatives)
Good 775 8 10 793
Standard 572 5 8 585
Improvement 2,463 71 70 2,604
Total 3,810 84 88 3,982
4 Level of Warning Signals (No. of Cooperatives)
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
52 Financial Condition of Cooperative in Thailand 2017
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
53Financial Condition of Cooperative in Thailand 2017
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
(Substandard) for 12.91 % (181 cooperatives). Good to On Standard
reserves fund to asset ratio for 43.44 % of cooperatives, Improvement
(Substandard) for 56.56 % (797 cooperatives). 1.36 % (19 cooperatives)
are in need of urgent financial surveillance.
2.4 Credit union cooperatives : Good to On Standard
short-term receivable rapid on time ratio for 64.08 % of cooperatives,
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
(Substandard) for 48.59 % (276 cooperatives). Good to On Standard
reserves fund to asset ratio for 25.70 % of cooperatives, Improvement
(Substandard) for 74.30 % (425 cooperatives). 16.13 % (91 cooperatives)
are in need of urgent financial surveillance.
54 Financial Condition of Cooperative in Thailand 2017
Table 19 : Non-Agricultural Cooperatives’ management capacity:
by type
Management CapacityCooperatives
TotalConsumer Service Thrift and
CreditCredit Union
Receivables paying in time (No. of Cooperatives)
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
Operating Expenses (No. of Cooperatives)
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
Reserve Capital (No. of Cooperatives)
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
4 Level of Warning Signals (No. of Cooperatives)
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
55Financial Condition of Cooperative in Thailand 2017
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
59Financial Condition of Cooperative in Thailand 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.
60 Financial Condition of Cooperative in Thailand 2017
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.
61Financial Condition of Cooperative in Thailand 2017
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.
62 Financial Condition of Cooperative in Thailand 2017
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.
63Financial Condition of Cooperative in Thailand 2017
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
64 Financial Condition of Cooperative in Thailand 2017
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
67Financial Condition of Cooperative in Thailand 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.
68 Financial Condition of Cooperative in Thailand 2017
2. Paddy : 12,135 million Baht total value per yearPaddy is produced in 58 provinces in Thailand and
distributed through 424 cooperatives and farmer groups. Total value
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
distributed through 130 cooperatives and farmer groups. Total value
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).
69Financial Condition of Cooperative in Thailand 2017
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.
70 Financial Condition of Cooperative in Thailand 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 %.
71Financial Condition of Cooperative in Thailand 2017
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
75Financial Condition of Cooperative in Thailand 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
Shareholders’ Equity 1,260,825 1,156,491 1,065,200 972,151 905,175
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
76 Financial Condition of Cooperative in Thailand 2017
Table II : Financial information of cooperatives (including cooperative
federations) 2013 - 2017
DescriptionYears
2017 2016 2015 2014 2013
Number of Cooperatives
(data from audit reports)
7,210 7,141 7,005 6,762 6,704
Members (million persons) 12.09 12.10 11.88 11.59 11.41
Operating Capital 2,943,261 2,688,781 2,463,611 2,254,922 2,054,242
Shareholders’ Equity 1,258,744 1,154,551 1,063,349 970,440 903,602
Deposits 1,067,236 913,298 792,127 685,986 646,211
Loans and other liabilities 617,281 620,932 608,135 598,496 504,429
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
Compilation / Transformed
agricultural product
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
Shareholders’ Equity 1,258,744 1,154,551 1,063,349 970,441 903,602
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
Average Debt per person (Baht) 169,550 159,824 152,639 144,125 134,087
Average Saving per person (Baht) 169,689 150,298 137,277 125,479 117,140
77Financial Condition of Cooperative in Thailand 2017
Table III : Financial information of famer groups 2013 - 2017
DescriptionYears
2017 2016 2015 2014 2013
Number of Cooperatives
(data from audit reports)
4,145 4,156 4,139 4,069 4,130
Members (million persons) 0.53 0.54 0.55 0.56 0.60
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
Loans and other liabilities 1,802 1,518 1,478 1,508 1,643
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
Compilation / Transformed
agricultural product
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
Average Debt per person (Baht) 4,688 4,155 3,801 3,612 3,396
Average Saving per person (Baht) 2,326 2,143 1,921 1,721 1,470