REPORT THE FINANCIAL STATEMENT 1/1998(NEW ADDITION)

15 กรกฎาคม 2541
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