ข่าวแจ้งตลาดหลักทรัพย์

January 1, 2000 50,098 1.25 0.99 Decrease in the consolidated deficit at January 1, 1999 45,332 1.13 0.89 4. ACCOUNTING CHANGE 4.1 Starting from January 1, 1999, the Company adopted Statement No. 40 issued by the Institute of Certified Accountants and Auditors of Thailand, which prescribes that all available - for - sale securities classified as long-term investment be measured at fair value and the changes in the fair value of those investments will be reported as a separate component of shareholders' equity in the balance sheets. This accounting standard becomes effective for financial statements covering periods beginning on or after January 1, 1999. (Before January 1, 1999, the Company valued said investments at the lower than the aggregate cost or at the aggregate market value). - 7 - 4.2 The Company and subsidiaries, in compliance with the Accounting Standard Interpretation No.4 governing the accounting for expenditures, previously recorded as assets, of pre-operating and operating enterprises, issued by the Institute of Certified Accountants and Auditors of Thailand dated January 20, 2000 (effective for financial statements covering periods ended on or after December 31, 1999), wrote-off certain deferred charges which were considered not asset items according to such interpretation, to their previous years' operations. These deferred charges include, among others, pre-operating expenses and deferred financing fees. The effects of the restatement are as follows: Per Share Data In Thousand Baht Baht Ordinary Diluted Increase net income for the three- month period ended June 30, 1999 5,864 0.15 0.12 Increase net income for the six- month period ended June 30, 1999 11,729 0.29 0.23 Increase deficit at January 1, 1999 72,877 1.82 1.43 5. SIGNIFICANT ACCOUNTING POLICIES The interim financial statements have been prepared in accordance with the accounting standards issued by The Institute of Certified Accountants and Auditors of Thailand. The significant accounting policies used to prepare the interim financial statements for the quarter ended June 30, 2000 are consistent with those used to prepare the financial statements for the year ended December 31, 1999. 6. OTHER INFORMATION 6.1 Related Party Transactions A portion of sales of products and services, fees and other income, costs of sales and services and selling and administrative expenses are represented by transactions with their subsidiaries, associated and other related companies. These companies are related through common shareholdings and/or directorships. The accompanying financial statements and consolidated financial statements reflect the effects of these transactions which arose in the ordinary course of business. Account balances with these related companies at June 30, 2000 and 1999 were shown separately in the balance sheets. - 8 - Significant transactions during the three-month and six-month periods ended June 30, 2000 and 1999 which included in the interim financial statements were as follows: In Thousand Baht Three-month periods ended June 30 Consolidated The Company 2000 1999 2000 1999 (Restated) (Restated) Sales of products and services 27,385 13,107 20,455 44,002 Fees and other income 20,230 34,716 19,745 44,309 Purchases 33,320 2,520 41,591 3,207 Selling and Administrative Expenses 16,226 1,861 17,737 15,278 In Thousand Baht Six-month periods ended June 30 Consolidated The Company 2000 1999 2000 1999 (Restated) (Restated) Sales of products and services 45,659 41,370 48,150 97,034 Fees and other income 32,496 36,223 37,331 53,635 Purchases 54,942 14,377 76,683 53,562 Selling and Administrative Expenses 16,394 2,963 34,554 30,034 6.2 Earnings (Loss) per Share Basic earnings (loss) per share is computed by dividing the net income (loss) by the weighted average number of fully paid-up shares outstanding during the periods. The Company presents diluted earnings (loss) per share by dividing the net income (loss), adjusted for interest expense and other related expenses from convertible bonds, by the weighted average number of potential dilutive ordinary shares outstanding during the periods. - 9 - Consolidated For three-month period ended June 30 Amount No. of Shares Earnings (loss) (In Thousand Baht) (Shares) per Share (In Baht) 2000 1999 2000 1999 2000 1999 (Restated) (Restated) (Restated) Basic earnings (loss) per share Net income (loss) attributable to ordinary shareholders (404,668) 200,923 40,000,000 40,000,000 ( 10.12) 5.02 Effects of dilutive potential original shares - Euro convertible bonds 332,520 ( 29,658) 10,790,000 10,790,000 Diluted earnings (loss) per share Earnings (loss) of ordinary share deem to has been converted into ordinary shares ( 72,148) 171,265 50,790,000 50,790,000 ( 1.42) 3.37 For six-month period ended June 30 Amount No. of Shares Earnings (loss) per Share (In Thousand Baht) (Shares) (In Baht) 2000 1999 2000 1999 2000 1999 (Restated) (Restated) (Restated) Basic earnings (loss) per share Net income (loss) attributable to ordinary shareholders (621,831) 63,349 40,000,000 40,000,000 ( 15.55) 1.58 Effects of dilutive potential originial shares - Euro convertible bonds 495,926 230,390 10,790,000 10,790,000 Diluted earnings (loss) per share Earnings (loss) of ordinary share deem to has been converted into ordinary shares (125,905) 293,739 50,790,000 50,790,000 ( 2.48) 5.78 - 10 - The Company For three-month period ended June 30 Amount No. of Shares Earnings (loss) (In Thousand Baht) (Shares) per Share (In Baht) 2000 1999 2000 1999 2000 1999 (Restated) (Restated) (Restated) Basic earnings (loss) per share Net income (loss) attributable to ordinary shareholders (404,092) 203,104 40,000,000 40,000,000 ( 10.10) 5.08 Effects of dilutive potential original shares - Euro convertible bonds 332,520 ( 29,658) 10,790,000 10,790,000 Diluted earnings per share Earnings (loss) of ordinary share deem to has been converted into ordinary shares ( 71,572) 173,446 50,790,000 50,790,000 ( 1.41) 3.41 For six-month period ended June 30 Amount No. of Shares Earnings (loss) per (In Thousand Baht) (Shares) Share (In Baht) 2000 1999 2000 1999 2000 1999 (Restated) (Restated) (Restated) Basic earnings (loss) per share Net income (loss) attributable to ordinary shareholders (617,928) 52,209 40,000,000 40,000,000 ( 15.45) 1.31 Effects of dilutive potential original shares - Euro convertible bonds 495,926 230,390 10,790,000 10,790,000 Diluted earnings (loss) per share Earnings (loss) of ordinary share deem to has been converted into ordinary shares (122,002) 282,599 50,790,000 50,790,000 ( 2.40) 5.56 6.3 Short-Term Investments This account included the fixed deposit pledge as collateral for the banks guarantees issued by the same banks amounting to approximately Baht 20 million. - 11 - 6.4 Accounts Receivable - Trade and others These consist of : In Thousand Baht Consolidated The Company June 30, December 31, June 30, December 31, 2000 1999 2000 1999 (Unaudited) (Audited) (Unaudited) (Reviewed) (Restated) (Reviewed) (Audited) Receivables from related companies 278,890 252,572 266,849 326,633 Less allowance for doubtful accounts ( 54,289) ( 30,373) ( 53,815) ( 53,815) Receivables from Related companies - Net 224,601 222,199 213,034 272,818 Receivables from other companies 2,141,845 2,355,764 1,230,647 1,326,159 Less allowance for doubtful accounts ( 252,178) ( 249,130) ( 184,824) ( 184,824) Receivables from other companies - Net 1,889,667 2,106,634 1,045,823 1,141,335 As at June 30, 2000, the Company and subsidiaries had certain overdue accounts receivable-trade. The aging receivables were as follows: In Million Baht Consolidated The Company Over 3 months to 6 months 272.6 198.0 Over 6 months to 12 months 131.2 109.3 Over 12 months 472.7 262.2 Total 876.5 569.5 The Company and subsidiaries set up allowance for doubtful accounts for the period ended June 30, 2000 amounting to approximately Baht 306.5 million (Baht 238.6 million for the Company). Based on historical collection experience, the management believes that the allowance for doubtful accounts is adequate. - 12 - 6.5 Loans to Related Companies Consolidated These consist of: In Thousand Baht Interest Rate Amount June 30, December 31, June 30, December 31, 2000 1999 2000 1999 (Unaudited) (Audited) (Unaudited) (Audited) Objective (Reviewed) (Restated) (Reviewed) (Restated) Short - Term Loans L.B.L. Algamate Partnership Ltd. For operations MOR MOR 238,850 238,850 Multimedia Telephony, For operations PHIBOR + PHIBOR + Inc. (Philippines) 2.5% 2.5% 89,773 92,071 Loxley and Paka Joint Venture For operations MOR MOR 25,230 25,230 Poonsup Communication For operations MLR + MLR + Company Limited 1.25% 1.25% 102,000 90,000 Others 10,400 18,900 Total Short-Term Loans 466,253 465,051 Less Allowance for Doubtful Accounts ( 10,400) ( 10,400) Short-term Loans-Net 455,853 454,651 Long-Term Loans Thai Telephone and Telecommunication Public Company Limited For operations MLR+0.5% MLR+0.5% 375,000 375,000 LoxComm B.V. Co., Ltd. For operations 15.00% 15.00% 37,852 37,541 Total Long-Term Loans 412,852 412,541 - 13 - The Company These consist of: In Thousand Baht Interest Rate Amount June 30, December 31, June 30, December 31, 2000 1999 2000 1999 (Unaudited) (Audited) (Unaudited) Objective (Reviewed) (Restated) (Reviewed) (Audited) Short-Term Loans L.B.L Algamate Partnership Ltd. For operations MOR MOR 238,850 238,850 Multimedia Telephony, Inc. For operations PHIBOR + PHIBOR + (Philippines) 2.5% 2.5% 89,773 92,071 Loxley and Paka Joint Venture For operations MOR MOR 25,230 25,230 Poonsup Communication For operations MLR + MLR + Company Limited 1.25% 1.25% 102,000 90,000 Others 40,317 44,773 Total Short-Term Loans 496,170 490,924 Less Allowance for Doubtful Accounts ( 15,400) ( 15,400) Short-Term Loans - Net 480,770 475,524 Long-Term Loans Thai Telephone and Telecommunication Public Company Limited For operations MLR+0.5% MLR+0.5% 375,000 375,000 Total Long-Term Loans 375,000 375,000 - 14 - 6.6 Investments in Subsidiaries, Associated, Related and Other Companies These consisted of: Consolidated Percentage Of Holding June December Fully Paid - up 30, 31, Nature of Business Relationship Share Capital 2000 1999 Associated Companies - At Equity Saxon (Thailand) Blending castrol Company Limited lubricants Shareholders Baht 10,000,000 50 50 Castrol (Thailand) Company Limited Distribute lubricants Shareholders Baht 40,000,000 49 49 Point Asia Dot Com (Thailand) Limited Internet Business Shareholders Baht 44,570,000 41 67 Thai Fiber Optic Company Limited Optic Cable Shareholders Baht 100,000,000 40 40 Ericsson Thai Network Company Limited Outside plant services Shareholders Baht 3,750,000 33 33 Lao Soft Drink Company Limited Produce and sale soft drink in Lao Shareholders Kip 2,448,000,000 30 30 Loxley Aluminium and Design and installation Engineering Company Limited glass and aluminium Shareholders Baht 54,000,000 30 30 Newspager Corporation Limited Sale and service of pager in USA Shareholders USD 4,896,895 27 27 Thai Cellulose Products Company Manufacturing of sodium Limited carboxy methyl cellulose Shareholders Baht 180,000,000 26 26 Lao Brewery Company Limited Produce and sale beer in Lao Shareholders Kip 14,400,000,000 26 26 BHP Steel Building Product Produce and distribute (Thailand) Company Limited lysaght metal sheet Shareholders Baht 83,500,000 25 25 Houay Ho Power Company Limited Hydropower in Lao Shareholders USD 50,000,000 20 20 Related and Other Companies Available - for - sale securities - at fair value Thai Telephone and Telecommunication Public Telephone service Company Limited concession Shareholders Baht 11,250,000,000 13 13 Phatra Insurance Public Company Limited Insurance business Shareholders Baht 200,000,000 8 8 General Investments - at cost BHP Steel (Thailand) Produce and distribute Company Limited lysaght metal sheet Shareholders Baht 2,500,000,000 18 18 The Preferred Shares - Subordinated Debentures of Thai Farmers Bank Plc. Fund Fund manager Shareholders Baht 40,000,000,000 0.25 0.25 Space Imaging, Inc. Satellite photography Shareholders USD 216,116,127 0.8 0.8 - 15 - In Thousand Baht Investment - At Cost Investment - At Equity Dividend June 30, December June 30, December June 30, December 2000 31, 1999 2000 31, 1999 2000 31, 1999 (Unaudited) (Audited) (Unaudited) (Audited) (Unaudited) (Audited) (Reviewed) (Restated) (Reviewed) (Restated) (Reviewed) (Restated) Associated Companies - At Equity Saxon (Thailand) Company Limited 5,000 5,000 46,159 47,589 34,979 94,943 Castrol (Thailand) Company Limited 19,600 19,600 296,530 275,617 88,191 225,377 Point Asia Dot Com (Thailand) Limited 55,576 55,576 415,596 39,489 - - Thai Fiber Optic Company Limited 40,000 40,000 - - - - Ericsson Thai Network Company Limited 1,250 1,250 2,683 2,734 - 3,998 Lao Soft Drink Company Limited 25,715 25,715 25,900 27,016 5,466 5,340 Loxley Aluminium and Engineering Company Limited - 16,135 - - - - Newspager Corporation Limited 98,746 98,746 - - - - Thai Cellulose Products Company Limited 46,800 46,800 - - - - Lao Brewery Company Limited 129,480 129,480 153,295 157,772 57,413 26,670 BHP Steel Building Product (Thailand) Company Limited 20,875 20,875 93,748 92,302 - 7,515 Houay Ho Power Company Limited 254,234 254,234 373,711 366,742 - - Others 91,140 91,140 15,272 19,827 - 780 Total 788,416 804,551 1,422,894 1,029,088 186,049 364,623 Related and Other Companies Available - for - sale securities - at fair value Thai Telephone and Telecommunication Public Company Limited 1,753,873 1,753,873 - - Phatra Insurance Public Company Limited 35,621 35,621 11,428 13,061 Others 13,787 13,787 80 360 Total 1,803,281 1,803,281 11,508 13,421 Add (Less) difference between book value and fair value ( 845,632) 357,847 Net 957,649 2,161,128 General Investments - at cost BHP Steel (Thailand) Company Limited 450,000 450,000 - - The Preferred Shares - Subordinated Debentures of Thai Farmers Bank Plc. Fund 100,000 100,000 5,485 10,699 Space Imaging, Inc. - 51,133 - - Others 266,513 215,130 1,708 1,798 Total 816,513 816,263 7,193 12,497 Less allowance for impairment in value of general investments ( 21,550) ( 21,550) Net 794,963 794,713 - 16 - The Company Percentage Of Holding Fully Paid - up June 30, December (more)