REPORT THE FINANCIAL STATEMENT 1/1998(NEW ADDITION)
15 July 1998
Tor. 22/2541 July 14, 1998
RE :Report the Financial Statement 1/1998 (new addition)
DEAR : President
The Stock Exchange of Thailand
Ref. :Stock Exchange of Thailand's letter at Bor.Jor.Mor. 1162/2541
dated June 15, 1998
As mention on the reference letter, Loxley Public Company Limited
("Loxley"), in co-ordinated with the auditor would like to submit report
of the first quarter financial statement 1/1998 which complies with the
accounting standard. The adjustment is stated as follo
1. Record a provision for loss on decline in value of listed investment
in which the aggregate market value lower than the aggregate cost amounted
to Bt124.6m. Its results has decreased the amount in Investment in related
companies and Shareholders' equity account
2. Reclassification certain accounting grouping of Bt49m for proper
presentation. Its result has increased Bank overdrafts and loans from
financial institutions and decreased in Loans from related companies account
by Bt49m.
Sincerely yours,
Loxley Public Company Limited
Ms. Suganya Veerakiatkij
Senior Vice President
Accounting & Budgeting Department