ข่าวแจ้งตลาดหลักทรัพย์

In Thousand Baht Consolidated The Company 1999 1998 1999 1998 Decrease (increase) in accounts receivable-trade and others (229,910) 472,811 (222,665) ( 48,786) Decrease in inventories 184,295 71,816 147,458 183,481 Decrease (increase) in deferred income tax 31,144 (282,191) 31,144 (282,191) Increase (decrease) in other current assets ( 28,949) 19,422 ( 21,962) 17,442 Increase in income taxes deducted at sources ( 6,071) ( 3,183) ( 2,488) ( 4,669) Decrease (increase) in refundable deposits and others ( 1,292) 7,539 96 2,483 Increase (decrease) in payables to related companies-trade ( 65,188) 16,402 6,057 20,523 Increase (decrease) in accounts payable-trade ( 60,451) ( 35,569) 3,721 ( 14,175) Increase (decrease) in advance received from customers 5,918 7,312 ( 1,043) 10,180 Decrease in income tax payable ( 7,077) ( 1,512) - - Decrease in employees' contribution to provident fund - net ( 4,956) ( 30,095) ( 2,654) ( 8,242) Increase (decrease) in other current liabilities 53,214 (421,559) 44,391 (446,714) Increase (decrease) in other liabilities ( 95,611) 12,628 - - Net Cash Provided by (Used in) Operating Activities ( 64,912) 238,519 ( 26,689) (252,123) "UNAUDITED" "REVIEWED" - 3 - In Thousand Baht Consolidated The Company 1999 1998 1999 1998 CASH FLOWS FROM INVESTING ACTIVITIES: Increase in investments of subsidiaries, associated, related and other companies ( 49,961) ( 47,727) ( 30,000) ( 3,825) Decrease (increase) in loan to related companies ( 5,065) 37,631 ( 4,000) ( 104,290) Increase (decrease) in minority interest in net income of subsidiaries 14,081 ( 4,116) - - Increase in fixed assets ( 59,660) ( 8,522) ( 13,555) ( 5,202) Cash dividends from associated companies 103,548 55,225 103,548 56,100 Proceeds from sales of fixed assets 6,860 4,818 5,816 2,031 Net Cash Provided by (Used in) Investing Activities 9,803 37,309 61,809 ( 55,186) CASH FLOWS FROM FINANCING ACTIVITIES: Increase (decrease) in loans from financial institutions 19,810 ( 433,829) ( 34,831) 55,278 Increase in loans from directors 39 - - - Decrease in long-term loans - net ( 8,330) ( 15,260) - - Increase (decrease) in loan and advance from related companies ( 1,813) 3,133 - - Net Cash Provided by (Used in) Financing Activities 9,706 ( 445,956) ( 34,831) 55,278 NET INCREASE (DECREASE) IN CASH ( 45,403) ( 170,128) 289 ( 252,031) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,368,700 1,091,566 1,249,623 1,088,066 CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,323,297 921,438 1,249,912 836,035 "UNAUDITED" "REVIEWED" - 4 - In Thousand Baht Consolidated The Company 1999 1998 1999 1998 Supplemental Disclosures of Cash Flows Information: Cash and cash equivalents consisted of: Cash on hand and at banks (excluded collateralized fixed deposits) 339,610 342,856 146,214 145,935 Short-term investments 1,258,895 826,535 1,108,248 695,120 Bank overdrafts ( 275,208) ( 247,953) ( 4,550) ( 5,020) Total 1,323,297 921,438 1,249,912 836,035 Cash paid during the period for: Interest expense 56,227 395,715 13,406 344,550 Income tax 30,014 29,674 2,488 4,669 See accompanying Notes to Interim Financial Statements. (With Mr. Vichien Thamtrakul's report dated August 6, 1999) "UNAUDITED" "REVIEWED" LOXLEY PUBLIC COMPANY LIMITED AND SUBSIDIARIES STATEMENTS OF CASH FLOWS FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 1999 AND 1998 In Thousand Baht Consolidated The Company 1999 1998 1999 1998 CASH FLOWS FROM OPERATING ACTIVITIES: Net income 46,853 758,038 40,480 771,475 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 153,243 143,571 73,679 76,047 Provision for bonds redemption 177,977 206,419 177,977 206,419 Loss (gain) on foreign exchange rates 17,680 (1,185,855) 17,680 (1,185,951) Set up (Reversal) provision for doubtful accounts 1,359 30,764 ( 1,291) 10,000 Reversal of provision for decline in value of inventories - net ( 7,257) ( 20,097) ( 7,265) ( 17,090) Provision for doubtful accounts on loans - 14,193 - 28,869 Provision for doubtful accounts on interest on loans to related companies - - - 5,156 Excess of investments over net assets - amortization 14,930 9,348 - - Contribution to employees' provident fund - net 5,295 14,486 3,095 4,403 Gain on sales of investments - net - ( 2,094) - ( 24,319) Equity in results of operations of associated companies - net ( 174,382) ( 109,995) ( 174,382) ( 109,995) Equity in results of operations of subsidiaries - net - - ( 28,130) ( 9,068) Translation adjustment 7,378 ( 5,344) - - Loss (gain) on sales of fixed assets 10,015 225 ( 4,670) ( 154) Increase in collateralized fixed deposits ( 389) - - - Decrease (increase) in receivables from related companies - trade and others ( 33,413) ( 9,132) 13,857 ( 6,405) "UNAUDITED" "REVIEWED" - 2 - In Thousand Baht Consolidated The Company 1999 1998 1999 1998 Decrease (increase) in accounts receivable-trade and others (315,968) 399,341 (220,340) ( 297,875) Decrease in inventories 120,813 522,037 118,156 615,244 Decrease (increase) in deferred income tax ( 61,834) 294,952 ( 61,834) 294,952 Increase in other current assets ( 28,119) ( 68,920) ( 60,245) ( 3,816) Increase in income taxes deducted at sources ( 11,344) ( 14,349) ( 4,849) ( 8,689) Decrease (increase) in refundable deposits and others ( 42,508) ( 1,847) ( 3,808) 5,635 Increase (decrease) in payables to related companies-trade ( 30,584) 22,480 ( 2,882) ( 25,771) Decrease in accounts payable-trade ( 72,536) (158,959) ( 13,817) ( 64,038) Increase in advance received from customers 116,658 143,642 37,434 6,273 Increase (decrease) in income tax payable ( 5,824) 8,383 - - Decrease in employees' contribution to provident fund - net ( 11,392) ( 51,473) ( 8,296) ( 27,434) Increase (decrease) in other current liabilities 11,162 (309,033) 17,527 (242,728) Increase (decrease) in other liabilities 12,015 ( 1,699) - - Net Cash Provided by (Used in) Operating Activities (100,172) 629,082 ( 91,924) 1,140 "UNAUDITED" "REVIEWED" - 3 - In Thousand Baht Consolidated The Company 1999 1998 1999 1998 CASH FLOWS FROM INVESTING ACTIVITIES: Increase in investments of subsidiaries, associated, related and other companies ( 149,961) ( 47,727) ( 130,000) ( 8,533) Decrease (increase) in loan to related companies ( 6,164) 86,558 ( 14,500) ( 46,707) Increase in minority interest in net income of subsidiaries 16,260 2,086 - - Excess of investments over net assets - ( 2,600) - - Increase in fixed assets ( 103,715) ( 83,126) ( 28,484) ( 14,659) Cash dividends from associated companies 135,558 112,679 135,558 113,554 Proceeds from sales of investments - 2,450 - 25,050 Proceeds from sales of fixed assets 43,679 9,295 6,503 2,031 Net Cash Provided by (Used in) Investing Activities ( 64,343) 79,615 ( 30,923) 70,736 CASH FLOWS FROM FINANCING ACTIVITIES: Decrease in loans from financial institutions ( 123,966) ( 635,341) ( 142,408) ( 239,076) Increase in loans from directors 48 - - - Decrease in long-term loans - net ( 16,664) ( 20,816) - - Decrease in loan and advance from related companies ( 34,501) ( 111,365) - - Net Cash Used in Financing Activities ( 175,083) ( 767,522) ( 142,408) ( 239,076) NET DECREASE IN CASH ( 339,598) ( 58,825) ( 265,255) ( 167,200) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,662,895 980,263 1,515,167 1,003,235 CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,323,297 921,438 1,249,912 836,035 "UNAUDITED" "REVIEWED" - 4 - In Thousand Baht Consolidated The Company 1999 1998 1999 1998 Supplemental Disclosures of Cash Flows Information: Cash and cash equivalents consisted of: Cash on hand and at banks (excluded collateralized fixed deposits) 339,610 342,856 146,214 145,935 Short-term investments 1,258,895 826,535 1,108,248 695,120 Bank overdrafts ( 275,208) ( 247,953) ( 4,550) ( 5,020) Total 1,323,297 921,438 1,249,912 836,035 Cash paid during the period for: Interest expense 104,749 490,137 16,165 365,592 Income tax 50,958 42,481 4,849 8,689 See accompanying Notes to Interim Financial Statements. (With Mr. Vichien Thamtrakul's report dated August 6, 1999)