INTERIM FINANCIAL STATEMENTS (2)

31 สิงหาคม 2541
- 7 - 6. 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 - 111,249,249 - - Saxon (Thailand) Company Blending castrol Limited lubricants Shareholders Baht 10,000,000 50 50 5,000,000 5,000,000 133,332,644 163,691,973 24,985,000 - Castrol (Thailand) Company Distribute lubricants Limited branded castrol Shareholders Baht 40,000,000 49 49 19,600,000 19,600,000 312,677,544 259,881,256 9,799,000 - Thai Fiber Optic Co., Ltd. Optic Cable Shareholders Baht 100,000,000 40 40 40,000,000 40,000,000 4,404,201 34,897,882 - - Ericsson Thai Network Company Limited Outside plant services Shareholders Baht 15,000,000 33 33 5,000,000 5,000,000 10,710,368 17,520,430 5,922,312 - 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 44,656,562 59,388,790 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 38,667,470 64,218,331 - - Thai Cellulose Products Manufacturing of sodium Company Limited carboxy methyl cellulose Shareholders Baht 180,000,000 26 26 46,800,000 46,800,000 - 1,898,397 - - Lao Brewery Company Limited Produce and sale beer in Lao Shareholders Kip 13,640,021,581 26 26 129,479,527 129,479,527 159,753,683 264,804,436 63,146,031 - 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 91,451,893 92,590,451 - - Thai Flying Service Company Limited Aviation business Shareholders Baht 30,000,000 25 25 16,875,000 16,875,000 12,440,016 16,164,274 - - Houay Ho Power Company Limited Hydropower Shareholders USD 50,000,000 20 20 254,233,666 254,233,666 423,888,000 254,233,666 - - Others 92,806,894 103,173,627 18,573,979 120,094,380 - - Total 908,766,616 919,133,349 1,250,556,360 1,460,633,515 113,554,166 - 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 1,855,256,263 - - Phatra Thanakit Securities Public Company Limited Finance and securities Shareholders Baht 2,796,370,000 - 4 - 282,862,369 - - Phatra Insurance Public Company Limited Insurance business Shareholders Baht 200,000,000 8 8 35,621,190 35,621,190 - - Thai Farmer Bank Public Company Limited Commercial Bank Shareholders Baht 8,000,000,000 - 0.2 - 110,807,654 - - Others 173,940,027 135,353,931 150,000 - Total 2,413,434,632 2,869,901,407 150,000 - Less Allowance for decline in value of investments (934,244,313) - Investments in other related companies - net 1,479,190,319 2,869,901,407 - 8 - 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 99 164,200,000 129,200,000 171,896,612 224,326,079 - - 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 2,039,036 2,246,983 - - Loxley Wireless Company Sale and service of Limited mobile phone Shareholders Baht 30,000,000 99 99 30,000,000 30,000,000 24,035,846 30,801,772 - - 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 - 38,217,401 - - Loxley Pacific Company Limited Telecommunication service Shareholders Baht 300,000,000 70 70 210,000,000 210,000,000 114,755,645 127,014,396 - - Loxley Comware Company Limited Sale and service of network Shareholders Baht 7,000,000 70 70 4,900,000 4,900,000 - 1,831,213 - - Open Systems Integrator Provide and gather Company Limited information system Shareholders Baht 4,500,000 - 67 - 3,000,000 - 3,364,430 - - Societed Commercial Lao Company Limited Comercial trading in Lao. Shareholders Kip 162,750,000 67 67 8,714,302 8,714,303 4,085,795 7,010,676 - - Loxley Newteck Company Limited Construction with polyurethane Shareholders Baht 15,000,000 67 67 13,334,000 10,000,500 375,231 412,376 - - 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 - 5,064,773 - - computer Loxley Infra Company Limited Projects consultant and construction utility Shareholders Baht 20,000,000 60 60 12,000,000 12,000,000 6,478,691 16,801,370 - - Loxley Broadcast and Media Company Limited Broadcast and media/Cable TV Shareholders Baht 51,000,000 60 60 30,600,000 30,600,000 - - - - Loxley Pagephone Company Limited Sale of pager Shareholders Baht 230,000,000 55 55 126,500,000 126,500,000 195,822,079 181,695,181 - - LoxData Company Limited Call center service Shareholders Baht 10,000,000 52 52 5,200,000 5,200,000 4,426,473 4,413,775 - - Loxley Satellite Communications Company Limited (not yet started principal commercial operations) Satellite transmission serviees Shareholders Baht 2,500,000 51 51 5,100,000 1,275,000 3,569,337 186,580 - - Loxley Trading Company Limited Sale consumer products Shareholders Baht 50,000,000 50 50 25,000,000 25,000,000 108,411,210 80,075,780 - - 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 2,520,438 1,166,529 - - Loxley Property Development Company Limited Construction business and Shareholders Baht 107,500,000 40 40 43,000,000 43,000,000 32,751,596 41,658,886 - - building for rent Total 1,017,244,785 995,561,886 1,001,167,989 1,096,288,200 - - - 9 - 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 - 111,249,249 - - Saxon (Thailand) Company Blending castrol Limited lubricants Shareholders Baht 10,000,000 50 50 5,000,000 5,000,000 133,332,644 163,691,973 24,985,000 - Castrol (Thailand) Company Distribute lubricants Limited branded castrol Shareholders Baht 40,000,000 49 49 19,600,000 19,600,000 312,677,544 259,881,256 9,799,000 - Thai Fiber Optic Co., Ltd. Optic Cable Shareholders Baht 100,000,000 40 40 40,000,000 40,000,000 4,404,201 34,897,882 - - Ericsson Thai Network Company Limited Outside plant services Shareholders Baht 15,000,000 33 33 5,000,000 5,000,000 10,710,368 17,520,430 5,922,312 - 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 44,656,562 59,388,790 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 38,667,470 64,218,331 - - Thai Cellulose Products Manufacturing of sodium Company Limited carboxy methyl cellulose Shareholders Baht 180,000,000 26 26 46,800,000 46,800,000 - 1,898,397 - - Lao Brewery Company Limited Produce and sale beer in Lao Shareholders Kip 13,640,021,581 26 26 129,479,527 129,479,527 159,753,683 264,804,436 63,146,031 - 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 91,451,893 92,590,451 - - Thai Flying Service Company Limited Aviation business Shareholders Baht 30,000,000 25 25 16,875,000 16,875,000 12,440,016 16,164,274 - - Houay Ho Power Company Limited Hydropower Shareholders USD 50,000,000 20 20 254,233,666 254,233,666 423,888,000 254,233,666 - - Others 92,806,894 103,173,627 18,573,979 120,094,380 - - Total 908,766,616 919,133,349 1,250,556,360 1,460,633,515 113,554,166 - Grand Total 1,926,011,401 1,914,695,235 2,251,724,349 2,556,921,715 113,554,166 - 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 1,855,256,263 - - Phatra Thanakit Securities Public Company Limited Finance and securities Shareholders Baht 2,796,370,000 - 4 - 282,826,369 - - Phatra Insurance Public Company Limited Insurance business Shareholders Baht 200,000,000 8 8 35,621,190 35,621,190 - - Thai Farmer Bank Public Company Limited Commercial Bank Shareholders Baht 8,000,000,000 - 0.2 - 110,807,654 - - Others 152,261,001 214,469,612 150,000 - Total Less Allowance for decline in value of investments (934,244,313) - Investments in other related companies - net 1,457,511,293 2,948,981,088