FINANCIAL STATEMENT LOXLEY PLC.AND SUBSIDIARIES NEW ADDITION

15 กรกฎาคม 2541
- 6 - 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 1998 1997 1998 1997 1998 1997 1998 1997 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 8,434,402 123,594,786 - - Saxon (Thailand) Company Blending castrol Limited lubricants Shareholders Baht 10,000,000 50 50 5,000,000 5,000,000 160,722,075 160,924,138 - - Castrol (Thailand) Company Distribute lubricants Limited branded castrol Shareholders Baht 40,000,000 49 49 19,600,000 19,600,000 307,807,847 264,141,755 - - Thai Fiber Optic Co., Ltd. Optic Cable Shareholders Baht 100,000,000 40 40 40,000,000 20,000,000 15,022,102 17,381,661 - - Ericsson Thai Network Company Limited Outside plant services Shareholders Baht 15,000,000 33 33 5,000,000 5,000,000 17,537,155 15,040,678 - - 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 44,467,618 57,280,077 9,701,823 - 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 32,057,386 68,757,905 - - Thai Cellulose Products Manufacturing of sodium Company Limited carboxy methyl cellulose Shareholders Baht 180,000,000 26 26 46,800,000 46,800,000 - 5,304,678 - - Lao Brewery Company Limited Produce and sale beer in Lao Shareholders Kip 13,640,021,581 26 26 129,479,527 129,479,527 175,595,485 261,135,797 47,752,253 - 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 95,085,061 84,123,784 - - Thai Flying Service Company Limited Aviation business Shareholders Baht 30,000,000 25 25 16,875,000 16,875,000 15,891,499 17,188,892 - - Houay Ho Power Company Limited Hydropower Shareholders USD 50,000,000 20 20 254,233,666 254,233,666 387,462,000 254,233,666 - - Others 92,806,894 94,646,127 16,453,881 115,274,414 - - Total 908,766,616 890,605,849 1,276,536,511 1,444,382,231 57,454,076 - Related Companies - At Cost BHP Steel (Thailand) Produce and distribute Co., Ltd. lysaght metal sheet Shareholders Baht 2,500,000,000 18 25 450,000,000 450,000,000 - - Thai Telephone and Telecommunication Public Telephone service Company Limited concession Shareholders Baht 11,250,000,000 13 15 1,753,873,415 1,909,831,439 - - Phatra Thanakit Securities Public Company Limited Finance and securities Shareholders Baht 2,796,370,000 - 4 - 232,707,123 - - Phatra Insurance Public Company Limited Insurance business Shareholders Baht 200,000,000 8 8 35,621,190 35,621,190 - - Others 158,681,320 135,478,932 150,000 - Total 2,398,175,925 2,763,638,684 150,000 - Less Allowance for decline in value of investments 124,570,232 - Investments in other related companies - net 2,273,605,693 2,763,638,684 - 7 - 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 1998 1997 1998 1997 1998 1997 1998 1997 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 51,353,228 214,961,399 - - 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 2,135,495 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 24,524,077 37,028,152 - - Jago Company Limited (not yet started principal commercial operations) Lottery on-line Shareholders Baht 330,000,000 99 99 330,000,000 330,000,000 330,000,000 330,000,000 - - Loxley Utilities Services Company Sale and service waste Limited water treatment Shareholders Baht 15,000,000 90 90 2,000,000 2,000,000 6,362,353 36,587,266 - - Loxley Pacific Company Limited Telecommunication service Shareholders Baht 300,000,000 70 70 210,000,000 210,000,000 120,301,609 125,937,949 - - Loxley Comware Company Limited Sale and service of network Shareholders Baht 7,000,000 70 70 4,900,000 4,900,000 - 2,280,536 - - Open Systems Integrator Provide and gather Company Limited information system Shareholders Baht 4,500,000 - 67 - 1,500,000 - - - - Societed Commercial Lao Company Limited Comercial trading in Lao. Shareholders Kip 162,750,000 67 67 8,714,303 8,714,303 6,852,429 7,302,094 - - Loxley Newteck Company Limited Construction with polyurethane Shareholders Baht 15,000,000 67 67 13,334,000 10,000,500 998,121 1,957,064 - - Loxley Information Services Company Limited Internet service provider Shareholders Baht 15,000,000 - 65 - 9,750,000 - - - - Loxley Information Company Limited Sale information and program Shareholders Baht 14,000,000 - 65 - 9,100,000 - 5,204,092 - - computer Loxley Infra Company Limited Projects consultant and construction utility Shareholders Baht 20,000,000 60 60 12,000,000 12,000,000 7,874,493 16,830,375 - - Loxley Broadcast and Media Company Limited Broadcast and media/TV cable Shareholders Baht 51,000,000 60 60 30,600,000 30,600,000 - 368,097 - - Loxley Pagephone Company Limited Sale of pager Shareholders Baht 230,000,000 55 55 126,500,000 126,500,000 209,519,684 175,343,968 - - LoxData Company Limited Call center service Shareholders Baht 10,000,000 52 52 5,200,000 5,200,000 4,036,653 4,661,436 - - 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 - 455,917 - - Loxley Trading Company Limited Sale consumer product Shareholders Baht 50,000,000 50 50 25,000,000 25,000,000 98,007,239 75,475,066 - - Loxley Energy Company Limited (not yet started principal commercial operations) Electric power business Shareholders Baht 2,500,000 99 45 2,499,400 1,125,000 2,529,159 1,144,340 - - Loxley Property Development Company Limited Construction business and Shareholders Baht 107,500,000 40 40 43,000,000 43,000,000 34,561,219 42,520,555 - - building for rent Loxley Intergraph (Thailand) Sale information and Company Limited computer graphic program Shareholders Baht 30,000,000 - - - - - - - - L Wave Company Limited Production of radio and TV program Shareholders Baht 15,000,000 - 99 - 15,000,000 - 9,529,272 - - TNT Logistics (Thailand) Ltd. Logisties services Shareholders Baht 20,000,000 - 51 - 10,200,000 - - - - Total 1,013,419,786 1,019,261,886 899,055,759 1,091,733,235 - - - 8 - Percentage In Baht of Holding Investment - At Cost Investment - At Equity Dividend Fully Paid up Nature of Business Relationship Share Capital 1998 1997 1998 1997 1998 1997 1998 1997 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 8,434,402 123,594,786 - - Saxon (Thailand) Company Blending castrol Limited lubricants Shareholders Baht 10,000,000 50 50 5,000,000 5,000,000 160,722,075 160,924,138 - - Castrol (Thailand) Company Distribute lubricants Limited branded castrol Shareholders Baht 40,000,000 49 49 19,600,000 19,600,000 307,807,847 264,141,755 - - Thai Fiber Optic Co., Ltd. Optic Cable Shareholders Baht 100,000,000 40 40 40,000,000 20,000,000 15,022,102 17,381,661 - - Ericsson Thai Network Company Limited Outside plant services Shareholders Baht 15,000,000 33 33 5,000,000 5,000,000 17,537,155 15,040,678 - - 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 44,467,618 57,280,077 9,701,823 - 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 32,057,386 68,757,905 - - Thai Cellulose Products Manufacturing of sodium Company Limited carboxy methyl cellulose Shareholders Baht 180,000,000 26 26 46,800,000 46,800,000 - 5,304,678 - - Lao Brewery Company Limited Produce and sale beer in Lao Shareholders Kip 13,640,021,581 26 26 129,479,527 129,479,527 175,595,485 261,135,797 47,752,253 - 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 95,085,061 84,123,784 - - Thai Flying Service Company Limited Aviation business Shareholders Baht 30,000,000 25 25 16,875,000 16,875,000 15,891,499 17,188,892 - - Houay Ho Power Company Limited Hydropower Shareholders USD 50,000,000 20 20 254,233,666 254,233,666 387,462,000 254,233,666 - - Others 92,806,894 94,646,127 16,453,881 115,274,414 - - Total 908,766,616 890,605,849 1,276,536,511 1,444,382,231 57,454,076 - Grand Total 1,922,186,402 1,909,867,735 2,175,592,270 2,536,115,466 57,454,076 - Related Companies - At Cost BHP Steel (Thailand) Produce and distribute Co., Ltd. lysaght metal sheet Shareholders Baht 2,500,000,000 18 25 450,000,000 450,000,000 - - Thai Telephone and Telecommunication Public Telephone service Company Limited concession Shareholders Baht 11,250,000,000 13 15 1,753,873,415 1,909,831,439 - - Phatra Thanakit Securities Public Company Limited Finance and securities Shareholders Baht 2,796,370,000 - 4 - 232,707,123 - - Phatra Insurance Public Company Limited Insurance business Shareholders Baht 200,000,000 8 8 35,621,190 35,621,190 - - Others 152,261,001 214,433,613 150,000 - Total 2,391,755,606 2,842,593,365 150,000 - Less Allowance for decline in value of investments 124,570,232 - Investments in other related companies - net 2,267,185,374 2,842,593,365