CONSOLIDATED FINANCIAL STATEMENTS AND FINANCIAL STATEMENTS

23 เมษายน 2541
- 9 - 4.5 INVESTMENT IN SUBSIDIARIES, ASSOCIATED AND RELATED COMPANIES These consisted of: Consolidated Financial Percentage In Baht Statements of Holding Investment - At Cost Investment - At Equity Dividend Fully Paid up Nature of Business Relationship Share Capital 1997 1996 1997 1996 1997 1996 1997 1996 Associated Companies - At Equity Loxley CSR Insulation Company Produce and distribute Limited glasswool material Shareholders Baht 275,000,000 50 50 137,500,000 137,500,000 - 133,711,745 - - Saxon (Thailand) Company Blending castrol Limited lubricants Shareholders Baht 10,000,000 50 50 5,000,000 5,000,000 145,204,899 140,511,856 39,976,000 39,976,000 Castrol (Thailand) Company Distribute lubricants Limited branded castrol Shareholders Baht 40,000,000 49 49 19,600,000 19,600,000 290,414,257 247,928,748 29,397,000 26,947,250 Ericsson Thai Network Company Limited Outside plant services Shareholders Baht 15,000,000 33 33 5,000,000 5,000,000 17,391,937 10,846,185 - - Guardfire Company Limited Import and sale of fire fighting equipment Shareholders Baht 20,000,000 30 30 6,000,000 3,000,000 6,665,469 10,572,806 - - Lao Soft Drink Company Produce and sale soft Limited drink in Lao Shareholders Kip 1,383,452,576 30 30 25,715,032 25,715,032 90,686,964 54,291,655 2,832,604 1,627,461 Loxley Aluminium and Engineering Company Design and installation Limited glass and aluminium Shareholders Baht 54,000,000 30 30 16,135,000 16,135,000 - - - - Newspager Corporation Limited Sale and service of pager in USA Shareholders USD 4,896,895 27 27 98,746,497 98,746,497 38,163,478 74,744,632 - - Thai Cellulose Products Manufacturing of sodium Company Limited carboxy methyl cellulose Shareholders Baht 180,000,000 26 26 46,800,000 46,800,000 - 8,341,675 - - Lao Brewery Company Limited Produce and sale beer in Lao Shareholders Kip 13,640,021,581 26 26 129,479,527 129,479,527 363,420,250 239,874,124 27,807,596 10,741,058 BHP Steel Building Product Produce and distribute (Thailand) Company Limited lysaght metal sheet Shareholders Baht 83,500,000 25 25 20,875,000 20,875,000 99,413,963 83,075,291 - - Thai Flying Service Company Limited Aviation business Shareholders Baht 30,000,000 25 25 16,875,000 16,875,000 16,000,593 17,024,093 - 327,983 Houay Ho Power Company Limited Hydropower Shareholders USD 50,000,000 20 20 254,233,666 254,239,840 472,528,000 254,239,840 - - Others 129,257,344 115,523,627 30,256,030 128,147,629 - - Total 911,217,066 894,489,523 1,570,145,840 1,403,310,279 100,013,200 79,619,752 Related Companies - At Cost Thai Telephone and Telecommunication Public Telephone service Company Limited concession Shareholders Baht 11,250,000,000 13 13 1,753,873,415 1,532,860,615 - - Phatra Thanakit Securities Public Company Limited Finance and securities Shareholders Baht 2,796,370,000 - 4 - 320,678,998 14,951,094 43,607,358 Thai Farmers Bank Public Company Limited Banking business Shareholders Baht 8,000,000,000 - - - 53,081,693 7,284,960 8,161,920 Phatra Insurance Public Company Limited Insurance business Shareholders Baht 200,000,000 8 8 35,621,190 35,621,190 18,366,750 18,366,750 Others 608,681,320 479,868,201 176,314 1,092,000 Total 2,398,175,925 2,422,110,697 40,779,118 71,228,028 - 10 - The Company Financial Percentage In Baht Statements of Holding Investment - At Cost Investment - At Equity Dividend Fully Paid up Nature of Business Relationship Share Capital 1997 1996 1997 1996 1997 1996 1997 1996 Subsidiary Companies - At Equity Loxley Business Information Trading computer and Company Limited banking information system Shareholders Baht 165,000,000 99 99 164,200,000 129,200,000 143,517,133 209,289,691 - - Loxley Myanmar Company Limited (not yet started principal commercial operations) International trading Shareholders Jad 1,000,000 99 99 4,197,083 4,197,083 2,278,461 4,145,657 - - Loxley Wireless Company Limited (Formerly Cellular Products & Services Sale and service of Company Limited) mobile phone Shareholders Baht 30,000,000 99 99 30,000,000 30,000,000 25,600,420 28,683,608 - - Jago Company Limited (not yet started principal commercial operations) Lottery on-line Shareholders Baht 330,000,000 99 99 330,000,000 5,000,000 330,000,000 - - - Loxley Utilities Services Company Sale and service waste Limited water treatment Shareholders Baht 15,000,000 90 90 2,000,000 2,000,000 16,763,758 44,442,943 - - Loxley Pacific Company Limited Telecommunication service Shareholders Baht 300,000,000 70 70 210,000,000 210,000,000 119,487,001 131,465,493 - - Loxley Comware Company Limited Sale and service of network Shareholders Baht 7,000,000 70 70 4,900,000 4,900,000 - 2,664,852 - - Open Systems Integrator Provide and gather Company Limited information system Shareholders Baht 4,500,000 83 67 3,750,000 1,500,000 - 1,421,874 - - Societed Commercial Lao Company Limited Comercial trading in Lao. Shareholders Kip 162,750,000 67 67 8,714,303 8,714,303 7,006,705 7,456,369 - - Loxley Newteck Company Limited Construction with polyurethane Shareholders Baht 15,000,000 67 67 10,000,500 10,000,500 - 2,585,919 - - Loxley Information Services Company Limited Internet service provider Shareholders Baht 15,000,000 65 65 9,750,000 9,750,000 - - - - Loxley Information Company Limited Sale information and program Shareholders Baht 14,000,000 65 65 9,100,000 9,100,000 1,335,127 5,629,467 - - computer Loxley Infra Company Limited Projects consultant and construction utility Shareholders Baht 20,000,000 60 60 12,000,000 12,000,000 7,632,498 16,676,578 - - Loxley Broadcast and Media Company Limited Broadcast and media/TV cable Shareholders Baht 51,000,000 60 60 30,600,000 30,600,000 - 2,798,333 - - Loxley Pagephone Company Limited Sale of pager Shareholders Baht 230,000,000 55 55 126,500,000 126,500,000 200,322,839 171,759,716 - - LoxData Company Limited Call center service Shareholders Baht 10,000,000 52 52 5,200,000 5,200,000 3,736,248 4,682,904 - - Loxley Satellite Communications Company Limited (not yet started principal commercial operations) Satellite transmission serviees Shareholders Baht 2,500,000 51 51 1,275,000 1,275,000 - - - - Loxley Trading Company Limited Sale consumer product Shareholders Baht 50,000,000 50 50 25,000,000 25,000,000 94,587,441 74,450,730 - - Loxley Energy Company Limited (not yet started principal commercial operations) Electric power business Shareholders Baht 2,500,000 45 45 1,125,000 1,125,000 1,131,451 1,125,553 - - Loxley Property Development Company Limited Construction business and Shareholders Baht 107,500,000 40 40 43,000,000 43,000,000 36,846,499 42,894,752 building for rent Loxley Intergraph (Thailand) Sale information and Company Limited computer graphic program Shareholders Baht 30,000,000 - 40 - 12,000,000 - 4,410,533 L Wave Company Limited Production of radio and TV program Shareholders Baht 15,000,000 - 99 - 15,000,000 - 14,599,434 - - Professional Computer Company Limited Sale and computer installation Shareholders Baht 20,000,000 - 99 - 20,000,000 - 24,565,278 - - TNT Logistics (Thailand) Ltd. Logisties services Shareholders Baht 20,000,000 - 51 - 10,200,000 - - - - Total 1,031,311,886 726,261,986 990,245,581 795,749,684 - 11 - Percentage of In Baht Fully paid up Holding Investment - At Cost Investment - At Equity Dividend Nature of Business Relationship Share Capital 1997 1996 1997 1996 1997 1996 1997 1996 Associated Companies - At Equity Loxley CSR Insulation Company Produce and distribute Limited glasswool material Shareholders Baht 275,000,000 50 50 137,500,000 137,500,000 - 133,711,745 - - Saxon (Thailand) Company Blending castrol Limited lubricants Shareholders Baht 10,000,000 50 50 5,000,000 5,000,000 145,204,899 140,511,856 39,976,000 39,976,000 Castrol (Thailand) Company Distribute lubricants Limited branded castrol Shareholders Baht 40,000,000 49 49 19,600,000 19,600,000 290,414,257 247,928,748 29,397,000 26,947,250 Ericsson Thai Network Company Limited Outside plant services Shareholders Baht 15,000,000 33 33 5,000,000 5,000,000 17,391,937 10,846,185 - - Guardfire Company Limited Import and sale of fire fighting equipment Shareholders Baht 20,000,000 30 30 6,000,000 3,000,000 6,665,469 10,572,806 - - Lao soft Drink Company Produce and sale soft Limited drimk in Lao Shareholders Kip 1,383,452,576 30 30 25,715,032 25,715,032 90,686,964 54,291,655 2,832,604 1,627,461 Loxley Aluminium and Engineering Company Design and installation Limited glass and aluminium Shareholders Kip 54,000,000 30 30 16,135,000 16,135,000 - - - - Newspager Corporation Limited Sale and service of pager in USA Shareholders USD 4,896,895 27 27 98,746,497 98,746,497 38,163,478 74,744,632 - - Thai Cellulose Products Manufaturing of sodium Company Limited carboxy methyl callulose Shareholders Baht 180,000,000 26 26 46,800,000 46,800,000 - 8,341,675 - - Lao Brewery Company Limited Produce and sale beer in Lao Shareholders Kip 13,640,021,581 26 26 129,479,527 129,479,527 363,420,250 239,874,124 27,807,596 10,741,058 BHP Steel Building Product Produce and distribute (Thailand) Company Limited lysaght metal sheet Shareholders Baht 83,500,000 25 25 20,875,000 20,875,000 99,413,963 83,075,291 - - Thai Flying Service Company Limited Aviation business Shareholders Baht 30,000,000 25 25 16,875,000 16,875,000 16,000,593 17,024,093 - 327,983 Houay Ho Power Company Limited Hydropower Shareholders USD 50,000,000 20 20 254,233,666 254,239,840 472,528,000 254,239,840 - - Others 129,257,344 115,523,627 30,256,035 128,147,629 - - Total 911,217,066 894,489,523 1,570,145,845 1,403,310,279 100,013,200 79,619,752 Grand Total 1,942,528,052 1,620,751,509 2,560,391,426 2,199,059,963 100,013,200 79,619,752 Related Companies - At Cost Thai Telephone and Telcommunication Public Telephone service Sharholders Baht 11,250,000,000 13 13 1,753,873,415 1,532,860,615 - - Company Limited concession Phatra Thanakit Securities Public Company Limited Finance and securities Sharholders Baht 2,796,370,000 - 4 - 320,678,998 14,951,094 43,607,358 Hutchison Telecommunications (Thailand) Company Limited Paging service Sharholders Baht 360,000,000 - 55 - 85,250,000 - - Thai Farmers Bank Public Company Limited Banking business Shareholders Baht 8,000,000,000 - - - 53,081,693 7,284,960 8,161,920 Phatra Insurance Public Company Limited Insurance business Shareholders Baht 200,000,000 8 8 35,621,190 35,621,190 18,366,750 18,366,750 Others 602,261,001 473,362,833 176,314 1,092,000 Total 2,391,755,606 2,500,855,329 40,779,118 71,228,028