REPORT NET LIABILITIES OUTSTANDING IN FOREIGN JUNE 30,2000

15 August 2000
LOXLEY PUBLIC COMPANY LIMITED AND SUBSIDIARIES THE REPORT OF NET LIABILITIES OUTSTANDING IN THE FOREIGN CURRENCIES AS AT JUNE 30, 2000 AND GAIN (LOSS) ON EXCHANGE RATES FOR THE PERIOD JULY 2, 1997 TO JUNE 30, 2000 AND REPORT OF CERTIFIED PUBLIC ACCOUNTANT REPORT OF CERTIFIED PUBLIC ACCOUNTANT The Board of Directors Loxley Public Company Limited I have reviewed the report of net liabilities outstanding in the foreign currencies as at June 30, 2000 and gain (loss) on exchange rates of Loxley Public Company Limited and subsidiaries for the period July 2, 1997 to June 30, 2000 to be in accordance with the books and accounting records of Loxley Public Company Limited and subsidiaries . This report is issued solely for submission to the Stock Exchange of Thailand and should not be used for any other purposes. VICHIEN THAMTRAKUL C.P.A. (THAILAND) Registration No. 3183 Bangkok August 7, 2000 LOXLEY PUBLIC COMPANY LIMITIED AND SUBSIDIARIES 1. The detail of gain (loss) on exchange rates for the period July 2, 1997 to June 30, 2000 are as follows: Consolidated In Thousand Baht Ended June 30, 2000 Period July 2, Three-month Six-month 1997 period period to June 30, 2000 Gain (loss) on exchange rates -Realized 2,334 16,619 ( 347,857) -Unrealized ( 334,091) ( 396,465) (2,994,158) Total ( 331,757) ( 379,846) (3,342,015) The Company In Thousand Baht Ended June 30, 2000 Period July 2, Three-month Six-month 1997 period period to June 30, 2000 Gain (loss) on exchange rates -Realized 5,359 19,080 ( 310,813) -Unrealized ( 334,091) ( 396,465) (2,994,158) Total ( 328,732) ( 377,385) (3,304,971) 2. The Company and subsidiaries recorded foreign currencies transactions into Baht based on the exchange rates prevailing at the transaction dates. Balances of assets and liabilities denominated in foreign currency at the balance sheet dates are translated into Baht at the prevailing exchange rates as of those dates or at the forward rates for those covered by forward exchange contracts. Gains or losses from the translation are credited to or charged against current operations. 3. The due dates of outstanding liabilities and assets denominated in foreign currencies as of June 30, 2000 are as follows: - 2 - Liabilities due within 2000 In thousand Consolidated Interim Financial Statements The Company Interim Financial Statements Interest Interest Foreign Exchange Rate Foreign Exchange Rate Currency Currency Rate Baht (%) Due Date Currency Rate Baht (%) Due Date YEN 900,000 0.374076 336,668 1.525 Jul 31, 2000 900,000 0.374076 336,668 1.525 Jul 31, 2000 YEN 300,000 0.374076 112,223 2.853 Jul 21, 2000 300,000 0.374076 112,223 2.853 Jul 21, 2000 Total 448,891 448,891 Provision for bonds redemption In thousand Consolidated Interim Financial Statements The Company Interim Financial Statements Interest Interest Foreign Exchange Rate Foreign Exchange Rate Currency Currency Rate Baht (%) Due Date Currency Rate Baht (%) Due Date U.S. $ 31,000 39.2759 1,217,553 - Apr 20, 2000 31,000 39.2759 1,217,553 - Apr 20, 2000 Total 1,217,553 1,217,553 Liabilities due after 2000 In thousand Euro-Convertible Bonds Consolidated Interim Financial Statements The Company Interim Financial Statements Interest Interest Foreign Exchange Rate Foreign Exchange Rate Currency Currency Rate Baht (%) Due Date Currency Rate Baht (%) Due Date U.S. $ 100,000 39.2759 3,927,590 3.89% Apr 20, 2005 100,000 39.2759 3,927,590 3.89% Apr 20, 2005 U.S. $ 105,000 39.2759 4,123,970 2.78% Apr 4, 2001 105,000 39.2759 4,123,970 2.78% Apr 4, 2001 Total 8,051,560 8,051,560 Provision for bonds redemption In thousand Consolidated Interim Financial Statements The Company Interim Financial Statements Interest Interest Foreign Exchange Rate Foreign Exchange Rate Currency Currency Rate Baht (%) Due Date Currency Rate Baht (%) Due Date U.S. $ 19,406 39.2759 762,174 - Apr 4, 2001 19,406 39.2759 762,174 - Apr 4, 2001 Total 762,174 762,174 Assets Loans - At call In thousand Consolidated Interim Financial Statements The Company Interim Financial Statements Interest Interest Foreign Exchange Rate Foreign Exchange Rate Currency Currency Rate Baht (%) Due Date Currency Rate Baht (%) Due Date Peso 100,339 0.8947 89,773 7.63% At Call 100,339 0.8947 89,773 7.63% At Call U.S. $ - - - - - 160 39.0656 6,267 7.00% At call Total 89,773 96,040