EASTW : Annual Report 2005 by Piyanat Kimhamanon

«‘ —¬∑—»πå °“√‡ªìπºŸπâ ”¥â“π∫√‘À“√®—¥°“√∑√—æ¬“°√πÈ”Õ¬à“ß§√∫«ß®√‡æ◊ÕË √â“ß§«“¡æ÷ßæÕ„® Ÿß ÿ¥·°à≈°Ÿ §â“¥â«¬§ÿ≥¿“æµ“¡¡“µ√∞“π “°≈ ¿“¬„µâ°“√°”°—∫¥Ÿ·≈∑’Ë¥’

æ—π∏°‘® 1. ‡ªìπºŸâπ”∏ÿ√°‘®πÈ”§√∫«ß®√¥â«¬∫√‘°“√∑’Ë‡ªìπ‡≈‘»„π√–¥—∫¡“µ√∞“π “°≈ ·≈– √â“ß§«“¡æ÷ßæÕ„® Ÿß ÿ¥ 2. ‡ªìπÕß§å°√·Ààß°“√‡√’¬π√Ÿâ ·≈–æ—≤π“∫ÿ§≈“°√Õ¬à“ßµàÕ‡π◊ËÕß 3. ‡æ‘Ë¡¢’¥§«“¡ “¡“√∂°“√·¢àß¢—π ∑—Èß„π∏ÿ√°‘®À≈—°·≈–∏ÿ√°‘®µàÕ‡π◊ËÕß 4. √â“ßª√–‚¬™πå Ÿß ÿ¥µàÕºŸâ¡’ à«π‰¥â à«π‡ ’¬Õ¬à“ß‚ª√àß„ ·≈–‡ªìπ∏√√¡ ‡æ◊ËÕ √â“ß¡Ÿ≈§à“‡æ‘Ë¡·°àÕß§å°√„π√–¬–¬“« 5. ¡ÿßà ‡πâπ°“√¢¬“¬∏ÿ√°‘®¥â“ππÈ”Õ¬à“ß§√∫«ß®√ ‚¥¬‡©æ“–°“√æ—≤π“∏ÿ√°‘®‡°’¬Ë «‡π◊ÕË ß∑’ Ë π—∫ πÿπ·≈–‡ √‘¡»—°¬¿“æ„π°“√·¢àß¢—π 6. ‡ªìπºŸâπ”„π°“√„™â‡∑§‚π‚≈¬’·≈– “√ π‡∑»¥â“ππÈ” „π°“√®—¥°“√·≈–∫√‘À“√‡æ◊ËÕ¥”√ß§«“¡ “¡“√∂„π°“√·¢àß¢—π 7. ‡ªìπ Good Corporate Citizen ∑’Ë¡’§«“¡√—∫º‘¥™Õ∫µàÕ —ß§¡ ™ÿ¡™π∑âÕß∂‘Ëπ ·≈–Àà«ß„¬ ‘Ëß·«¥≈âÕ¡

Vision To be the leader in integrated water resources management business to create the maximum satisfaction to the customers with international standard under the good governance principle.

Missions 1. To be the leader in integrated water business with excellent services that meets the international standard and creates the maximum satisfaction 2. To be a learning organization and continuously develop human resources 3. To enhance the competitiveness of both core and related businesses 4. To optimize the benefits for stakeholders in a transparent and fair manner, to create the long-term valueadded for the organization 5. To expand to integrated water business especially related business that supports and enhances the companyûs competitiveness 6. To be the leader in water IT application for management to maintain the companyûs competitiveness 7. To be good corporate citizen that takes care of the society, the community and the environment

√“¬ß“πª√–®”ªï 2548

®ÿ¥‡¥àπ„π√Õ∫ªï Highlights µ“√“ß‡ª√’¬∫‡∑’¬∫§«“¡ “¡“√∂„π°“√ Ÿ∫ àßπÈ” °—∫ª√‘¡“≥πÈ”¥‘∫∑’Ë Ÿ∫ àßπÈ”„Àâ≈Ÿ°§â“√–À«à“ß 2543 - 2548 Table of Water Distribution Capacity and Water Consumption During 2000 - 2005 Àπà«¬ : ≈â“π≈Ÿ°∫“»°å‡¡µ√ / ªï Unit : Mil ion cubic meter / year ª√‘¡“≥°“√„™âπÈ”√«¡ Total Water Consumption §«“¡ “¡“√∂„π°“√ Ÿ∫ àßπÈ” Capacity of Water Distribution Õ—µ√“ à«π§«“¡ “¡“√∂„π°“√ Ÿ∫ àßπÈ” µàÕª√‘¡“≥§«“¡µâÕß°“√ (Àπà«¬ : ‡∑à“) Ratios of Water Distribution Capacity and Water Consumption

2543 2000 103.97

2544 2001 116.10

2545 2002 140.03

2546 2003 156.52

2547 2004 177.65

2548 2005 190.10

263.00

328.00

2.53

2.27

2.34

2.10

1.85

1.73

µ“√“ß‡ª√’¬∫‡∑’¬∫¢âÕ¡Ÿ≈Õ—µ√“ à«π∑“ß°“√‡ß‘π (Table of Financial Ratio)

√“¬°“√ ¡Ÿ≈§à“Àÿâπµ“¡∫—≠™’ Book Value per Share °”‰√ ÿ∑∏‘µàÕÀÿâπ Net Profit per Share ‡ß‘πªíπº≈µàÕÀÿπâ Dividend per Share Õ—µ√“°”‰√ ÿ∑∏‘µàÕ√“¬‰¥â√«¡ Net Profit to Total Revenue Õ—µ√“º≈µÕ∫·∑πµàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ Return on Equity Õ—µ√“º≈µÕ∫·∑π®“° ‘π∑√—æ¬å Return on Assets Õ—µ√“ à«πÀπ’ÈµàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ Debt to Equity Ratios

∫“∑ Baht ∫“∑ Baht ∫“∑ Baht √âÕ¬≈– Percent √âÕ¬≈– Percent √âÕ¬≈– Percent ‡∑à“ Times

ß∫°“√‡ß‘π∫√‘…—∑œ (Company) 2546/2003 2547/2004 2548/2005 3.35 3.55 3.16

ß∫°“√‡ß‘π√«¡ (Consolidated) 2548/2005 3.17

0.35

0.44

0.39

0.18

0.20

0.25

29.17

31.79

35.4

24.6

10.78

12.55

12.41

12.35

5.86

6.78

6.99

6.52

0.81

0.85

0.88

1.02

À¡“¬‡Àµÿ : ‡ªìπ°“√§”π«≥®“°∑ÿπ®¥∑–‡∫’¬π∑’Ë√—∫™”√–·≈â«∑’Ë‰¥â‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“∑’Ëµ√“‰«â¢ÕßÀÿâπ “¡—≠¢Õß∫√‘…—∑œ ®“°¡Ÿ≈§à“∑’Ëµ√“‰«â Àÿâπ≈– 10 ∫“∑ ‡ªìπÀÿâπ≈– 1 ∫“∑ µ“¡¡µ‘∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ§√—Èß∑’Ë 1/2548 ‡¡◊ËÕ«—π∑’Ë 11 æƒ…¿“§¡ 2548 Remark : This is calculated from the paid registered capital with amended ordinary shareûs par value from 10 baht to 1 baht according to the resolution of the Extraordinary Shareholdersû Meeting No. 1/2548 held on May 11, 2005.

√“¬ß“πª√–®”ªï 2548

—¥ à«π√“¬‰¥â∏ÿ√°‘®µà“ßÊ Revenue Structure by Business ªï 2548 / 2005

ªï 2547 / 2004 5%

3% 63%

65%

5% 8% 11%

11%

√«¡ 100%

®”Àπà“¬πÈ”¥‘∫

®”Àπà“¬πÈ”ª√–ª“

®”Àπà“¬πÈ”¥◊Ë¡

®”Àπà“¬∑àÕ CC-GRP

√“¬‰¥â∫√‘°“√

Õ◊πË Ê

Raw Water Sales

Tap Water Sales

Drinking Water Sales

CC-GRP Pipes Sales

Service Income

Others

√“¬‰¥â√«¡·≈–°”‰√ ÿ∑∏‘‡ª√’¬∫‡∑’¬∫ (2547 - 2548) Comparative Total Revenue and Net Profit (2004 - 2005) ≈â“π∫“∑ / Mil ion Baht

√“¬‰¥â√«¡ / Total Revenue

°”‰√ ÿ∑∏‘ / Net Profit

√“¬ß“πª√–®”ªï 2548

„π√Õ∫ªï 2548 ∑’ºË “à π¡“ ∂÷ß·¡â«“à ∫√‘…∑— ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ À√◊Õ Õ’ ∑å «Õ‡µÕ√å ®–‰¥â√∫— º≈°√–∑∫®“° ¿“«–¿—¬·≈âß∑’Ë‡°‘¥¢÷Èπ„π¿“§µ–«—πÕÕ° ¡’º≈∑”„ÀâÕ—µ√“°“√„™âπÈ”µË”°«à“‡ªÑ“À¡“¬‡æ’¬ß‡≈Á°πâÕ¬ ‚¥¬¬—ß§ß¡’Õ—µ√“°“√‡æ‘Ë¡¢÷Èπ¢Õßª√‘¡“≥πÈ” ®”Àπà“¬Õ¬à“ßµàÕ‡π◊ÕË ß ‚¥¬¡’º≈°”‰√ ÿ∑∏‘√«¡‡æ‘¡Ë ¢÷πÈ ª√–¡“≥ 13.3% ‡¡◊ÕË ‡∑’¬∫°—∫ªï 2547 ∑—ßÈ π’È ‡π◊ÕË ß®“°§«“¡‡ªìπÕß§å°√∑’¡Ë √’ –∫∫∫√‘À“√®—¥°“√ Õ¬à“ß¡’ª√– ‘∑∏‘¿“æ ¡’§«“¡¡ÿßà ¡—πË æ—≤π“»—°¬¿“æ„π°“√∫√‘À“√®—¥°“√¥â“ππÈ” √«¡∂÷ß¡’°“√ª√—∫ª√ÿß°“√„Àâ∫√‘°“√Õ¬à“ß ¡Ë”‡ ¡Õ ‚¥¬‡πâπ°“√ √â“ß §«“¡æ÷ßæÕ„® Ÿß ÿ¥„Àâ°—∫≈Ÿ°§â“‡ªìπÀ≈—° „π¥â“π°“√¥”‡π‘π∏ÿ√°‘® ∫√‘…—∑œ ¿“§¿Ÿ¡‘„®„π§«“¡‡ªìπÕß§å°√∑’Ë¡’°“√¥”‡π‘πß“π‚ª√àß„ ‚¥¬ ¡“§¡ àß‡ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑ ‰∑¬ ‰¥âª√–°“»„Àâ∫√‘…—∑œ ‡ªìπ 1 „π 93 ∫√‘…—∑®¥∑–‡∫’¬π‰∑¬ ∑’Ë¡’º≈°“√ª√–‡¡‘π°“√°”°—∫¥Ÿ·≈°‘®°“√¥’‡¥àπ „π Quartile ∑’Ë 1 ª√–®”ªï 2548 (List of 2005 top quartile companies) πÕ°®“°π’È „π¥â“π§«“¡‡™◊ËÕ¡—ËπµàÕ°“√≈ß∑ÿπ ∫√‘…—∑ ∑√‘ ‡√∑µ‘Èß ®”°—¥ ‰¥âª√–°“»º≈ ¬◊π¬—πÕ—π¥—∫‡§√¥‘µÕß§å°√·≈–µ√“ “√Àπ’È¢Õß ∫√‘…—∑œ ”À√—∫ªï 48 ∑’Ë√–¥—∫ çA+é µàÕ‡π◊ËÕß®“°ªï 2547 ´÷Ëß‡ªìπ°“√ –∑âÕπ ∂“π–∑’Ë·¢Áß·°√àß ¢Õß°“√ª√–°Õ∫°“√À≈—°„π°“√®—¥ àßπÈ”¥‘∫„πæ◊Èπ∑’Ë¿“§µ–«—πÕÕ° ‰¥â‡ªìπÕ¬à“ß¥’ πÕ°®“°π’È ∫√‘…—∑œ ‚¥¬¬—ß§ß¬÷¥∂◊Õπ‚¬∫“¬·∫àßªíπ°”‰√ Ÿà —ß§¡ ¥â«¬°“√®—¥ √√ß∫ª√–¡“≥®”π«π 5% ¢Õß°”‰√ ÿ∑∏‘ ‡æ◊ÕË π—∫ πÿπ °‘®°√√¡æ—≤π“§ÿ≥¿“æ™’«µ‘ ·≈– ‘ßË ·«¥≈âÕ¡ ∑—ßÈ π’È ‚¥¬∫√‘…∑— œ ‰¥â®¥— „Àâ¡°’ “√ ”√«®§«“¡æ÷ßæÕ„®¢Õß™ÿ¡™π∑’Ë‰¥â√∫— °“√∫√‘°“√„π‚§√ß°“√µà“ßÊ ‚¥¬∫√‘…—∑œ ∑’Ëª√÷°…“ º≈°“√ ”√«®∫√‘…—∑œ ‰¥â√—∫§–·ππ§«“¡æ÷ßæÕ„®¢Õß™ÿ¡™π 9.1 ´÷Ëß‡ªìπ‡§√◊ËÕß· ¥ß∂÷ß§«“¡√—∫º‘¥™Õ∫µàÕ —ß§¡·≈– ™ÿ¡™π∑âÕß∂‘Ëπ √«¡∂÷ß§«“¡µ√–Àπ—°„π§«“¡ ”§—≠¢Õß°“√Õπÿ√—°…å∏√√¡™“µ‘·≈– ‘Ëß·«¥≈âÕ¡Õ¬à“ßµàÕ‡π◊ËÕß „πªï 2549 ∫√‘…∑— œ ¬—ß§ß¡ÿßà æ—≤π“‚§√ß¢à“¬√–∫∫∑àÕ àßπÈ”¥‘∫„πæ◊πÈ ∑’∫Ë √‘°“√À≈—°¢Õß∫√‘…∑— œ ‡æ◊ÕË „Àâ¡π—Ë „®«à“®– “¡“√∂ àß®à“¬πÈ”¥‘∫„Àâ °—∫æ◊Èπ∑’Ë∫√‘°“√‰¥âÕ¬à“ß∑—Ë«∂÷ß·≈–æÕ‡æ’¬ß √«¡∑—Èß¬—ß¡’π‚¬∫“¬ àß‡ √‘¡°“√¢¬“¬∏ÿ√°‘®‡°’Ë¬«‡π◊ËÕß¥â“ππÈ” ‡æ◊ËÕº≈—°¥—π„Àâ∫√‘…—∑¬àÕ¬¡’°“√‡µ‘∫‚µ ·≈–‡¢â¡·¢Áß„π∑“ß∏ÿ√°‘®πÈ”§√∫«ß®√ “¡“√∂µÕ∫ πÕß§«“¡µâÕß°“√„™âπÈ”¢Õßª√–™“™π·≈–™ÿ¡™π„πÕπ“§µÕ¬à“ß‡æ’¬ßæÕ

ÿ®√‘µ ªí®©‘¡π—π∑å (ª√–∏“π°√√¡°“√)

√“¬ß“πª√–®”ªï 2548

“√®“°ª√–∏“π°√√¡°“√∫√‘…—∑œ Message from the Chairman

Despite impact from severe drought in the Eastern region in 2005, Eastern Water Resources Development and Management Public Company Limited, or East Water slightly witnessed below-the-target water consumption rate. However, water sales volume growth continued. Our net profit increased approximately 13.3 percent compared to 2004. The continuously strong performance is credited to our management efficiency, strong commitment to consistently improving water resources management and services to increase customer satisfaction level. We pride ourselves as a transparent organization. East Water was ranked one of the 93 Thai registered companies in the List of 2005 Top Quartile Companies announced by Thai Institute of Directors Association. In terms of investment, TRIS Rating confirmed çA+é rating for East Waterûs corporate and securities credibility, which remains unchanged from last yearûs rating. Such strong confidence in the companyûs securities clearly reflects the companyûs healthy performance of our core business in raw water distribution to customers in the Eastern region. Social contribution remains one of our top priorities. We have allocated 5 percent of net profit for life and environmental development activities. In a survey on satisfaction of communities within the companyûs service areas conducted by a professional consulting firm, East Waterûs satisfaction level highly scores 9.1, showing high level of recognition that communities have on the company in terms of its outstanding social responsibility and endless dedication to natural and environmental conservation. In 2006, East Water wil continue to further develop raw water pipeline network in our main service areas, ensuring consistent and sufficient raw water distribution. The company has a clear plan to expand water-related business to promote growth in our subsidiariesû performance and strengthen our positioning in the integrated water business while maintaining our ability to better serve future customers and communitiesû demand for water.

Sujarit Patchimnun (Chairman)

√“¬ß“πª√–®”ªï 2548

π“¬ ÿ®√‘µ ªí®©‘¡π—π∑å * Õ“¬ÿ 60 µ”·Àπàß ª√–∏“π°√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ √—∞»“ µ√å¡À“∫—≥±‘µ ¡À“«‘∑¬“≈—¬∏√√¡»“ µ√å ª√– ∫°“√≥å∑”ß“π ¡.§. 45 - ªí®®ÿ∫—π ª√–∏“π°√√¡°“√ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° ‡¡.¬. 48 - ªí®®ÿ∫—π ª≈—¥°√–∑√«ß¡À“¥‰∑¬ °√–∑√«ß¡À“¥‰∑¬ æ.§. 48 - ªí®®ÿ∫—π ª√–∏“π°√√¡°“√ °“√ª√–ª“π§√À≈«ß æ.§. 48 - ªí®®ÿ∫—π ª√–∏“π°√√¡°“√ °“√‰øøÑ“ à«π¿Ÿ¡‘¿“§ ¡.§. 46 - ªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ °øº. ®”°—¥ (¡À“™π) °.æ.46 - ªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ º≈‘µ‰øøÑ“√“™∫ÿ√’ ‚Œ≈¥‘Èß ®”°—¥ (¡À“™π)

§≥–°√√¡°“√∫√‘…—∑

π“¬Õÿ∑‘» ∏√√¡«“∑‘π

Õ“¬ÿ 56 µ”·Àπàß √Õßª√–∏“π°√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ Master of Law, University of California Berkeley, USA ª√– ∫°“√≥å∑”ß“π ¡.§. 46 - ªí®®ÿ∫—π √Õßª√–∏“π°√√¡°“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° µ.§. 47 - ªí®®ÿ∫—π Õ∏‘∫¥’ °√¡ √√æ “¡‘µ µ.§. 47 - ªí®®ÿ∫—π °√√¡°“√ ‚√ßß“π¬“ Ÿ∫ ¡.§. 46 - ªí®®ÿ∫—π °√√¡°“√ ∏π“§“√æ—≤π“«‘ “À°‘®¢π“¥°≈“ß ·≈–¢π“¥¬àÕ¡·Ààßª√–‡∑»‰∑¬ ∏.§. 46 - ªí®®ÿ∫—π °√√¡°“√ ∫®. ∫√‘À“√ ‘π∑√—æ¬å ÿ¢ÿ¡«‘∑

Mr. Sujarit Patchimnun

Mr. Utid Tamwatin

Age Position Education

Age

60 Chairman Master of Political Science, Thammasat University

Work Experience Jan 02 - Present Chairman Eastern Water Resources Development and Management PLC. Apr 05 - Present Permanent Secretary Ministry of Interior May 05 - Present Chairman The Metropolitan Waterworks Authority May 05 - Present Chairman Provincial Electricity Authority Jan 03 - Present Director EGAT Public Company Limited Feb 03 - Present Director Ratchaburi Electricity Generaling Holding Public co., Ltd.

56 Vice Chairman Master of Law, University of California Berkeley, USA

Position Education

Work Experience Jan 03 - Present Vice Chairman Eastern Water Resources Development and Management PLC. Oct 04 - Present Director-General Excise Department Oct 04 - Present Director Thailand Tobacco Monopoly Jan 03 - Present Director Small and Medium Enterprise Development Bank of Thailand Dec 03 - Present Director Sukhumvit Asset Management Co.,Ltd. À¡“¬‡Àµÿ / Remark °√√¡°“√Õ‘ √– / Independent non-executive director

Board of Directors

¡.√.«. ∑ÕßπâÕ¬ ∑Õß„À≠à Õ“¬ÿ 70 µ”·Àπàß °√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ Master of Arts, Oxford University, UK ª√– ∫°“√≥å∑”ß“π °.æ 43 - ªí®®ÿ∫—π °√√¡°“√ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° 2543 - ªí®®ÿ∫—π - ∑’Ëª√÷°…“ à«πæ√–Õß§å „π ¡‡¥Á®æ√–∫√¡‚Õ√ “∏‘√“™œ - °√√¡°“√ ∫¡®.‚∑‡∑‘Ë≈ ·ÕÁ§‡´Á §Õ¡¡‘«π‘‡§™—Ëπ

M.R. Tongnoi Tongyai Age Position Education Work Experience Feb 00 - Present 2000 - Present

70 Director Master of Arts, Oxford University, UK

Director Eastern Water Resources Development and Management PLC. - Personal Counselor to His Royal Highness the Crown Prince H.R.H. the Crown Prince's Personal Affairs Division - Director Total Access Communication Co., Ltd

À¡“¬‡Àµÿ / Remark ºà“π°“√Õ∫√¡À≈—° Ÿµ√ Directors Certificate Program ¢Õß ¡“§¡ àß‡ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ Completed the Directors Certification Program by Thai Institute of Directors Association (IOD)

√“¬ß“πª√–®”ªï 2548

π“¬∫«√»—°¥‘Ï Õÿ«√√≥‚≥ * Õ“¬ÿ 51 µ”·Àπàß °√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ ª√‘≠≠“‡Õ°∑“ß°ÆÀ¡“¬¡À“™π (‡°’¬√µ‘π‘¬¡¥’¡“°) ¡À“«‘∑¬“≈—¬ª“√’ 10 ª√– ∫°“√≥å∑”ß“π °.æ. 42 - ªí®®ÿ∫—π °√√¡°“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° ‡¡.¬. 46 - ªí®®ÿ∫—π ‡≈¢“∏‘°“√ ”π—°ß“π‡≈¢“∏‘°“√§≥–√—∞¡πµ√’ ¡‘.¬. 48 - ªí®®ÿ∫—π ª√–∏“π°√√¡°“√ »Ÿπ¬å¡“πÿ…¬«‘∑¬“ ‘√‘π∏√ ¡.§. 46 - ªí®®ÿ∫—π °√√¡°“√ ∏π“§“√·Ààßª√–‡∑»‰∑¬ ¡.§. 46 - ªí®®ÿ∫—π °√√¡°“√ ∫√√…—∑∫√‘À“√ ‘π∑√—æ¬å‰∑¬ °.¬. 46 - ªí®®ÿ∫—π °√√¡°“√ ”π—°ß“π§≥–°√√¡°“√°ƒ…Æ’°“ µ.§. 44 - ªí®®ÿ∫—π °√√¡°“√ ∫¡®.°“√∫‘π‰∑¬

Mr. Borwornsak Uwanno Age

Position Education

51 Director Docteur de 3 Cycle (Droit Public General), (Mention tres bien) Universite de Paris X (Nanterre), France

Work Experience Feb 99 - Present Director Eastern Water Resources Development and Management PLC. Apr 03 - Present Secretary General The Secrelaral of the Cabinet Jun 05 - Present Chairman Princess Maha Chakri Sirindhorn Antheropology Centre Jan 03 - Present Director Bank of Thailand Jan 03 - Present Director Thai Asset Management Corporation Sep 03 - Present Director Coursil of State Oct 01 - Present Director Thai Airways International PLC.

√“¬ß“πª√–®”ªï 2548

π“¬Õπÿ™“ ‚¡°¢–‡« Õ“¬ÿ 55 µ”·Àπàß °√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ Master of Public Administration (Personal and Training) University of Southern California, USA ª√– ∫°“√≥å∑”ß“π °.§. 48 - ªí®®ÿ∫—π °√√¡°“√ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° µ.§. 48 - ªí®®ÿ∫—π Õ∏‘∫¥’ °√¡ªÑÕß°—π·≈–∫√√‡∑“ “∏“√≥¿—¬ æ.§. 48 - ªí®®ÿ∫—π °√√¡°“√ °“√ª√–ª“ à«π¿Ÿ¡‘¿“§ µ.§. 44 - °.¬. 48 √Õßª≈—¥°√–∑√«ß¡À“¥‰∑¬ °√–∑√«ß¡À“¥‰∑¬

Mr. Anucha Mokkavesa Age Position Education

55 Director Master of Public Administration (Personal and Training) University of Southern California, USA

Work Experience Jul 05 - Present Director Eastern Water Resources Development and Management PLC. Oct 05 - Present Director General Department of Disaster Prevention and Miligation May 05 - Present Director The Provincial Waterworks Authority Oct 01 - Sep 05 Deputy Permanent Secretary Ministry of Interior

π“¬ª√–‡ √‘∞ ‡™◊ÈÕæ“π‘™

Õ“¬ÿ 59 µ”·Àπàß °√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ Doctor of Philosophy, Civil Engineering Oklahoma State University, USA ª√– ∫°“√≥å∑”ß“π ¡.§. 47 - ªí®®ÿ∫—π °√√¡°“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° ∏.§. 47 - ªí®®ÿ∫—π ºŸâ«à“°“√ °“√ª√–ª“ à«π¿Ÿ¡‘¿“§

Mr. Prasert Chuaphanich Age Position Education

59 Director Doctor of Philosophy, Civil Engineering Oklahoma State University, USA

Work Experience Jan 04 - Present Director Eastern Water Resources Development and Management PLC. Dec 04 - Present Governor The Provincial Waterworks Authority

À¡“¬‡Àµÿ / Remark °√√¡°“√Õ‘ √– / Independent non-executive director

π“¬Õÿ∑—¬ ®—π∑‘¡“

Õ“¬ÿ 57 µ”·Àπàß °√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ æ—≤π∫√‘À“√»“ µ√å¡À“∫—≥±‘µ (√—∞ª√–»“ π»“ µ√å) ∂“∫—π∫—≥±‘µæ—≤π∫√‘À“√»“ µ√å ª√– ∫°“√≥å∑”ß“π ‡¡.¬. 48 - ªí®®ÿ∫—π °√√¡°“√ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ∏.§. 47 - ªí®®ÿ∫—π ºŸâ«à“°“√ °“√π‘§¡Õÿµ “À°√√¡·Ààßª√–‡∑»‰∑¬ ‡¡.¬. 48 - ªí®®ÿ∫—π ª√–∏“π°√√¡°“√ ∫√‘…—∑ Õ’ ‡∑‘√åπ ø≈ŸÕ‘¥ ∑√“π ªÕ√åµ ®”°—¥ ¡.§. 46 - ªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ ‚°≈∫Õ≈ ¬Ÿ∑’≈‘µ’È ‡´Õ√å«‘ ®”°—¥

Mr. Uthai Juntima Age

Position Education

57 Director M.P.A. (Public Policy) National Institute of Development Administration (NIDA)

Work Experience Apr 05 - Present Director Eastern Water Resources Development and Management PLC. Dec 04 - Present Governor Industrial Estate Authority of Thailand Apr 05 - Present Chairman Eastern Fluid Transport Co., Ltd. Jan 03 - Present Director Global Utilities Services Co., Ltd.

√“¬ß“πª√–®”ªï 2548

æ≈.µ.Õ.«‘ ÿ∑∏‘Ï °‘µµ‘«—≤πå Õ“¬ÿ 66 µ”·Àπàß °√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ M.A. (Police Administration) Washington State University, USA ª√– ∫°“√≥å∑”ß“π °.§. 48 - ªí®®ÿ∫—π - °√√¡°“√ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° - ª√–∏“π°√√¡°“√ ∫√‘…—∑ ‚°≈∫Õ≈ «Õ‡µÕ√å ´’ ‡∑Á¡ å §Õ√åªÕ‡√™—Ëπ ®”°—¥ - °√√¡°“√ ∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ ¡‘.¬. 48 - ªí®®ÿ∫—π π“¬° ¡“§¡µ”√«® ¡“§¡µ”√«®

Pol.Gen. Visut Kittivatana Age

Position Education

Director M.A. (Police Administration) Washington State University, USA

Work Experience Jul 05 - Present - Director Eastern Water Resources Development and Management PLC. - Chairman Global Water Systems Corporation Co., Ltd. - Director Universal Utilities Co., Ltd. Jun 05 - Present President The Royal Thai Police Association

√“¬ß“πª√–®”ªï 2548

π“¬ ¡™—¬ ∫ÿ≠π”»‘√‘

Õ“¬ÿ 51 µ”·Àπàß °√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ Master of Economics The University of Manchester, UK ª√– ∫°“√≥å∑”ß“π ¡.§. 46 - ªí®®ÿ∫—π °√√¡°“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° 2533 - ªí®®ÿ∫—π ª√–∏“π°√√¡°“√ ∫√‘…—∑ «Õ≈≈å µ√’∑ ∑—≈‡≈∑∑å ≈‘‡∫Õ√åµ’È ®”°—¥ ¡.§. 46 - ªí®®ÿ∫—π °√√¡°“√ °“√ª√–ª“π§√À≈«ß ¡’.§. 46 - ªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ ‡ÕÁ°§Õ¡∏“√“ ®”°—¥

Mr. Somchai Boonnamsiri Age

Position Education

Director Master of Economics The University of Manchester, UK

Work Experience Jan 03 - Present Director Eastern Water Resources Development and Management PLC. 1990 - Present Chairman Wall Street Tullett Liberty Co.,Ltd. Jan 03 - Present Director The Metropolitan Waterworks Authority Mar 03 - Present Director Egcom Tara Co., Ltd.

π“¬ ¡π÷° °¬“«—≤π°‘® *

Õ“¬ÿ 44 µ”·Àπàß °√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“

Master of Science in Operation Research Florida Institute of Technology, USA ª√– ∫°“√≥å∑”ß“π ¡.§. 46 - ªí®®ÿ∫—π °√√¡°“√ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° 2537 - ªí®®ÿ∫—π °√√¡°“√ºŸâÕ”π«¬°“√ ∫√‘…—∑ µßŒ—È«§Õ¡¡Ÿπ‘‡§™—Ëπ å ®”°—¥ (¡À“™π)

Mr. Somnuk Kyavatanakij Age Position Education

44 Director Master of Science in Operation Research Florida Institute of Technology, USA

Work Experience Jan 03 - Present Director Eastern Water Resources Development and Management PLC. 1994 - Present President Tong Hua Communication PLC.

À¡“¬‡Àµÿ / Remark °√√¡°“√Õ‘ √– / Independent non-executive director

π“¬«—π™—¬ À≈àÕ«—≤πµ√–°Ÿ≈

Õ“¬ÿ 49 µ”·Àπàß °√√¡°“√ ·≈–°√√¡°“√ºŸâÕ”π«¬°“√„À≠à §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ «‘»«°√√¡»“ µ√å¡À“∫—≥±‘µ “¢“‚¬∏“°“√æ—≤π“·À≈àßπÈ” ∂“∫—π‡∑§‚π‚≈¬’·Ààß‡Õ‡™’¬ ª√– ∫°“√≥å∑”ß“π °.æ. 44 - ªí®®ÿ∫—π °√√¡°“√ ·≈–°√√¡°“√ºŸâÕ”π«¬°“√„À≠à ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° 2544 - ªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ 2543 - ªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ ‡ÕÁ°§Õ¡∏“√“ ®”°—¥ 2541 - ªí®®ÿ∫—π °√√¡°“√ ∫®.‚°≈∫Õ≈ «Õ‡µÕ√å ´’ ‡∑Á¡ å §Õ√åªÕ‡√™—Ëπ ¡‘.¬. 45 - ªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥

√“¬ß“πª√–®”ªï 2548

Mr. Wanchai Lawatanatrakul Age Position Education

49 Director and President & CEO M.Eng. (Water Resources Engineering) Asian Institution of Technology

Work Experience Feb 01 - Present Director and President & CEO Eastern Water Resources Development and Management PLC. 2001 - Present Director Universal Utilities Co.,Ltd 2000 - Present Director Egcom Tara Co., Ltd. 1998 - Present Director Global Water Systems Corporation Co., Ltd Jun 02 - Present Director Eastern Hobas Pipes Co., Ltd.

√“¬ß“πª√–®”ªï 2548

π“¬∫√√æµ Àß…å∑Õß Õ“¬ÿ 58 µ”·Àπàß ∑’Ëª√÷°…“°√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ M.A. (Economic Development) Northeastern University, USA ª√– ∫°“√≥å∑”ß“π µ.§. 46 - ªí®®ÿ∫—π - ∑’Ëª√÷°…“°√√¡°“√ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° - ª≈—¥°√–∑√«ß °√–∑√«ß‡°…µ√·≈– À°√≥å ¡‘.¬. 46 - ªí®®ÿ∫—π ª√–∏“π°√√¡°“√ Õß§å°“√µ≈“¥‡æ◊ËÕ‡°…µ√°√ °.¬. 46 - ªí®®ÿ∫—π ª√–∏“π°√√¡°“√ Õß§å°“√ àß‡ √‘¡°‘®°“√‚§π¡·Ààßª√–‡∑»‰∑¬ µ.§. 46 - ªí®®ÿ∫—π √Õßª√–∏“π°√√¡°“√ ∏π“§“√‡æ◊ËÕ°“√‡°…µ√·≈– À°√≥å°“√‡°…µ√ æ.§. 46 - ªí®®ÿ∫—π °√√¡°“√ ”π—°ß“π§≥–°√√¡°“√°”°—∫ °“√´◊ÈÕ¢“¬ ‘π§â“‡°…µ√≈à«ßÀπâ“ ‡¡.¬. 47 - ªí®®ÿ∫—π °√√¡°“√ ”π—°ß“π∫√‘À“√°“√·ª≈ß ‘π∑√—æ¬å‡ªìπ∑ÿπ

Mr. Banphot Hongthong Age Position Education

58 Advisor to The Board of Directors M.A. (Economic Development) Northeastern University, USA

Work Experience Oct 03 - Present - Advisor to The Board of Directors Eastern Water Resources Development and Management PLC. - Permanent Secretary Ministry of Agriculture and Cooperatives Jun 03 - Present - Chairman The Marketing Organization for Farmers Sep 03 - Present - Chairman Dairy Farming Promotion Organization for Farmers Oct 03 - Present - Vice Chairman Bank for Agriculture and Agricultural Cooperatives May 03 - Present - Director Agricultural Futures Trading Commission Apr 04 - Present - Director Assets Capitalization Bureau

∑’Ëª√÷°…“§≥–°√√¡°“√∫√‘…—∑

π“¬ “¡“√∂ ‚™§§≥“æ‘∑—°…å Õ“¬ÿ 58 µ”·Àπàß ∑’Ëª√÷°…“°√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ Master of Engineering (Civil) Lamar University, USA ª√– ∫°“√≥å∑”ß“π °.¬. 47 - ªí®®ÿ∫—π ∑’ªË √÷°…“°√√¡°“√ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° 2545 - ªí®®ÿ∫—π Õ∏‘∫¥’ °√¡™≈ª√–∑“π 2544 - 2545 √ÕßÕ∏‘∫¥’ °√¡™≈ª√–∑“π

Mr. Samart Chokkanapitark Age Position Education

58 Advisor to The Board of Directors Master of Engineering (Civil) Lamar University, USA

Work Experience Sep 04 - Present Advisor to The Board of Directors Eastern Water Resources Development and Management PLC. 2002 - Present Director General Royal Irrigation Department 2001 - 2002 Deputy Director General Royal Irrigation Department

À¡“¬‡Àµÿ / Remark °√√¡°“√Õ‘ √– / Independent non-executive director

Advisors to The Board of Directors

π“¬™—¬ƒ°…å ¥‘…∞Õ”π“®

Õ“¬ÿ 57 µ”·Àπàß ∑’ªË √÷°…“°√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ Master of Comparative Law University of Miami, USA ª√– ∫°“√≥å∑”ß“π °.æ. 48 - ªí®®ÿ∫—π ∑’Ëª√÷°…“°√√¡°“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° µ.§. 46 - ªí®®ÿ∫—π √Õßª≈—¥°√–∑√«ß¡À“¥‰∑¬ °√–∑√«ß¡À“¥‰∑¬ °.§. 48 - ªí®®ÿ∫—π ª√–∏“π°√√¡°“√ ∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥ ∏.§. 48 - ªí®®ÿ∫—π °√√¡°“√ °“√‰øøÑ“π§√À≈«ß

Mr. Chairerk Disatha-amnarj Age Position Education

57 Advisor to The Board of Directors Master of Comparative Law University of Miami, School of Law, USA

Work Experience Feb 05 - Present Advisor to the Board of Directors Eastern Water Resources Development and Management PLC. Oct 03 - Present Deputy Permanent Secretary Ministry of Interior Jul 05 - Present Chairman Eastern Hobas Pipes Co., Ltd. Dec 05 - Present Director Metropolitan Electricity Authority

√“¬ß“πª√–®”ªï 2548

æ≈.µ.Õ.¥√.«‘‡™’¬√‚™µ‘ ÿ°‚™µ‘√—µπå Õ“¬ÿ 58 µ”·Àπàß ∑’Ëª√÷°…“°√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ Doctor of Philosophy (Criminology) Florida State University, USA ª√– ∫°“√≥å∑”ß“π °.§. 48 - ªí®®ÿ∫—π - ∑’Ëª√÷°…“°√√¡°“√ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° - °√√¡°“√ ∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥

Pol.Lt.Gen. Wichianchot Sukchotrat, Ph.D. Age Position Education

58 Advisor to the Board of Directors Doctor of Philosophy (Criminology) Florida State University, USA

Work Experience Jul 05 - Present - Advisor to The Board of Directors Eastern Water Resources Development and Management PLC. - Director Universal Utilities Co., Ltd.

√“¬ß“πª√–®”ªï 2548

π“¬« —πµå ªïµ‘æ’√°ÿ≈ Õ“¬ÿ 53 µ”·Àπàß ∑’Ëª√÷°…“°√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ Bachelor of Business Administration Taiwan University (Taipei daxue) ª√– ∫°“√≥å∑”ß“π °.§. 48 - ªí®®ÿ∫—π - ∑’Ëª√÷°…“°√√¡°“√ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° - °√√¡°“√ ∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ 2540 - ªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ æÿ∑∏∏√√¡ª√–°—π¿—¬ ®”°—¥ 2537 - ªí®®ÿ∫—π °√√¡°“√ºŸ®â ¥— °“√ ∫√‘…—∑ πË”‡Œß»‘≈“ ®”°—¥ 2536 - ªí®®ÿ∫—π °√√¡°“√ºŸ®â ¥— °“√ ∫√‘…—∑ πË”‡Œß µ’≈ ®”°—¥ 2527 - ªí®®ÿ∫—π °√√¡°“√ºŸ®â ¥— °“√ ∫√‘…—∑ πË”‡Õß§Õπ°√’µ (1992) ®”°—¥ 2525 - ªí®®ÿ∫—π °√√¡°“√ºŸ®â ¥— °“√ ∫√‘…—∑ πË”‡Œß “°≈°“√§â“ ®”°—¥

π“¬™—¬ ‘∑∏‘Ï ‚Àµ√–°‘µ¬å Õ“¬ÿ 61 µ”·Àπàß ∑’Ëª√÷°…“°√√¡°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ M.P.A. Brigham Young University, USA ª√– ∫°“√≥å∑”ß“π µ.§. 48 - ªí®®ÿ∫—π ∑’ªË √÷°…“°√√¡°“√ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° ¡‘.¬. 46 - °.¬. 48 Õ∏‘∫¥’ °√¡°“√æ—≤π“™ÿ¡™π

Mr. Chaiyasit Hotarakit Age Position Education Work Experience Oct 05 - Present Jul 04 - Sep 05

61 Advisor to The Board of Directors M.P.A. Brigham Young University, USA

Advisor to The Board of Directors Eastern Water Resources Development and Management PLC. Director General The Community Development Department

Mr. Vasan Peetipeerakul Age Position Education

53 Advisor to The Board of Directors Bachelor of Business Administration Taiwan University (Taipei daxue)

Work Experience Jul 05 - Present - Advisor to The Board of Directors Eastern Water Resources Development and Management PLC. - Director Universal Utilities Co., Ltd. 1997 - Present Director Committee of Phutthathum Insurance Co., Ltd. 1994 - Present Managing Director Namheng Stone Co., Ltd. 1993 - Present Managing Director Namheng Steel Co., Ltd. 1984 - Present Managing Director Namheng Concrete (1992) Co., Ltd. 1982 - Present Managing Director Namheng International Trading Co., Ltd.

À¡“¬‡Àµÿ / Remark °√√¡°“√Õ‘ √– / Independent non-executive director

π“ß≈’π“ ‡®√‘≠»√’ Õ“¬ÿ 60 µ”·Àπàß ∑’Ëª√÷°…“§≥–°√√¡°“√µ√«® Õ∫ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ Mini MBA. ¡À“«‘∑¬“≈—¬∏√√¡»“ µ√å ª√‘≠≠“µ√’ §≥–æ“≥‘™¬»“ µ√å·≈–°“√∫—≠™’ ¡À“«‘∑¬“≈—¬∏√√¡»“ µ√å ª√– ∫°“√≥å∑”ß“π µ.§. 47 - °.¬. 48 √Õßª≈—¥°√–∑√«ß°“√§≈—ß °√–∑√«ß°“√§≈—ß µ.§. 45 - °.¬. 47 ºŸâµ√«®√“™°“√ °√–∑√«ß°“√§≈—ß 2543 - ªí®®ÿ∫—π ∑’Ëª√÷°…“§≥–°√√¡°“√µ√«® Õ∫ ∫¡®. ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° 2538 - 2545 √ÕßÕ∏‘∫¥’ °√¡∏π“√—°…å

√“¬ß“πª√–®”ªï 2548

Mrs. Leena Charensri Age Position Education

60 Advisor to the Audit Committee Mini MBA, Thammasat University B.A. (Accounting), Thammasat University

Work Experience Oct. 04 - Sep. 05 Deputy Permanent Secretary Ministry of Finance Oct. 02 - Sep. 04 Inspector General Ministry of Finance 2000 - Present Advisor to the Audit Committee Eastern Water Resources Development and Management PLC. 1995-2002 Deputy Director General The Treasury Department

√“¬ß“πª√–®”ªï 2548

π“¬«—π™—¬ À≈àÕ«—≤πµ√–°Ÿ≈

§≥–ºŸâ∫√‘À“√

Mr. Wanchai Lawatanatrakul Age Position Education

49 Director and President & CEO M.Eng. (Water Resources Engineering) Asian Institution of Technology

À¡“¬‡Àµÿ / Remark °√√¡°“√Õ‘ √– / Independent non-executive director

Management Team

π“¬‰æ‚√®πå —µ¬ —≥Àå °ÿ≈

Õ“¬ÿ µ”·Àπàß

46 √Õß°√√¡°“√ºŸâÕ”π«¬°“√„À≠àΩÉ“¬«“ß·ºπ ·≈–æ—≤π“∏ÿ√°‘® §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ «‘»«°√√¡»“ µ√å¡À“∫—≥±‘µ “¢“«‘»«°√√¡ ÿ¢“¿‘∫“≈ ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬

ª√– ∫°“√≥å∑”ß“π æ.¬. 44 - ªí®®ÿ∫—π √Õß°√√¡°“√ºŸâÕ”π«¬°“√„À≠à ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° 2544 - ªí®®ÿ∫—π °√√¡°“√ºŸ®â ¥— °“√ ∫.¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ °√√¡°“√ ∫.ª√–ª“∫“ßª–°ß ®”°—¥ °√√¡°“√ ∫.ª√–ª“©–‡™‘ß‡∑√“ ®”°—¥ °√√¡°“√ ∫.ª√–ª“π§√ «√√§å ®”°—¥

Mr. Pairoj Sattayasansakul Age

Position Education

46 Executive Vice President Planning & Business Development Department M.Eng. (Sanitary Engineering) Chulalongkorn University

Work Experience 2001 - Present Managing Director Universal Utilities Co.,Ltd. Director Chachoengsao Water Supply Co.,Ltd. Director Bangpakong Water Supply Co.,Ltd. Director Nakornsawan Water Supply Co.,Ltd. Nov 01- Present Executive Vice President Planning & Business Development Department Eastern Water Resources Development and Management PLC.

π“ßπÈ”Ωπ √—…Æ“πÿ°Ÿ≈

√“¬ß“πª√–®”ªï 2548

Õ“¬ÿ 43 µ”·Àπàß ºŸâÕ”π«¬°“√Õ“«ÿ‚ ”π—°µ√«® Õ∫ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ MA, (Public Administration) Glasgow College of Technology, UK. ª√– ∫°“√≥å∑”ß“π °.æ. 47 - ªí®®ÿ∫—π ºŸâÕ”π«¬°“√Õ“«ÿ‚ ”π—°µ√«® Õ∫ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° æ.¬. 44 - °.æ. 47 ºŸâÕ”π«¬°“√ ”π—°µ√«® Õ∫ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ°

Mrs. Namphon Rassadanukul Age Position Education

43 Senior Vice President (Internal Audit Department) MA, (Public Administration) Glasgow College of Technology, UK.

Work Experience Feb 2004 - Present Senior Vice President Internal Audit Department Eastern Water Resources Development and Management PLC. 2001 - Feb 2004 Vice President Internal Audit Department Eastern Water Resources Development and Management PLC.

√“¬ß“πª√–®”ªï 2548

π“ß∏‘¥“√—™µå ‰°√ª√– ‘∑∏‘Ï Õ“¬ÿ µ”·Àπàß

42 ºŸâÕ”π«¬°“√Õ“«ÿ‚ ΩÉ“¬°“√‡ß‘π·≈–∑√—æ¬“°√∫ÿ§§≈ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ ∫√‘À“√∏ÿ√°‘®¡À“∫—≥±‘µ ¡À“«‘∑¬“≈—¬‡°…µ√»“ µ√å ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ (CPA) ª√– ∫°“√≥å∑”ß“π µ.§. 47 - ªí®®ÿ∫—π ºŸâÕ”π«¬°“√Õ“«ÿ‚ ΩÉ“¬°“√‡ß‘π·≈–∑√—æ¬“°√∫ÿ§§≈ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° 2540 - 2544 ºŸâÕ”π«¬°“√ΩÉ“¬°“√‡ß‘π·≈–æ— ¥ÿ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ°

Mrs. Thidarut Kraiprasit Age

Position Education

42 Senior Vice President (Finance and Human Resources Department) MBA, Kasetsart University CPA

Work Experience Oct 2004 - Present Senior Vice President Finance and Human Resources Department Eastern Water Resources Development and Management PLC. 1997 - 2001 Vice President Finance and Procurement Department Eastern Water Resources Development and Management PLC.

π“¬‡™‘¥™“¬ ªîµ‘«—™√“°ÿ≈ Õ“¬ÿ 41 µ”·Àπàß ºŸâÕ”π«¬°“√»Ÿπ¬åªØ‘∫—µ‘°“√¡“∫µ“æÿ¥ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ ª√‘≠≠“‚∑ “¢“‡∑§‚π‚≈¬’ “√ π‡∑» ∂“∫—π‡∑§‚π‚≈¬’æ√–®Õ¡‡°≈â“‡®â“§ÿ≥∑À“√ ≈“¥°√–∫—ß ª√– ∫°“√≥å∑”ß“π æ.¬. 44 - ªí®®ÿ∫—π ºŸâÕ”π«¬°“√»Ÿπ¬åªØ‘∫—µ‘°“√¡“∫µ“æÿ¥ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° µ.§. 43 - µ.§. 44 ºŸâ®—¥°“√»Ÿπ¬åªØ‘∫—µ‘°“√¡“∫µ“æÿ¥ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ°

Mr. Cherdchai Pitiwacharakul Age Position

41 Vice President (Map Ta Pud Operation Center) MS (Information Technology), King Mongkut's Institute of Technology

Education

Work Experience Nov 01-Present Vice President Map Ta Pud Operations Center Eastern Water Resources Development and Management PLC. Oct 00 - Oct 01 Manager Map Ta Pud Operations Center Eastern Water Resources Development and Management PLC.

À¡“¬‡Àµÿ / Remark °√√¡°“√Õ‘ √– / Independent non-executive director

π“¬æ®π“ ∫ÿ≠»‘√‘ Õ“¬ÿ 45 µ”·Àπàß ºŸâÕ”π«¬°“√»Ÿπ¬åªØ‘∫—µ‘°“√©–‡™‘ß‡∑√“ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ ª√‘≠≠“‚∑ “¢“∫√‘À“√∏ÿ√°‘® ¡À“«‘∑¬“≈—¬∫Ÿ√æ“ ª√– ∫°“√≥å∑”ß“π æ.¬. 44 - ªí®®ÿ∫—π ºŸâÕ”π«¬°“√»Ÿπ¬åªØ‘∫—µ‘°“√©–‡™‘ß‡∑√“ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° ¡’.§. 44 - µ.§. 44 ºŸâ®—¥°“√ ”π—°ß“π‚§√ß°“√°àÕ √â“ß¢π“¥„À≠à ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ°

Mr. Potjana Bunsiri Age

Position

45 Vice President (Chachoengsao Operation Center) MBA, Burapha University

Education Work Experience Nov 01-Present Vice President Chachoengsao Operation Center Eastern Water Resources Development and Management PLC. Mar 01 - Oct 01 Manager, Large Scale Project Office Eastern Water Resources Development and Management PLC.

√“¬ß“πª√–®”ªï 2548

π. . ‡øóòÕßøÑ“ π‘Ë¡‡®√‘≠ Õ“¬ÿ 41 µ”·Àπàß ºŸâÕ”π«¬°“√ΩÉ“¬Õ”π«¬°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ ª√‘≠≠“‚∑ “¢“°“√®—¥°“√∑√—æ¬“°√ ¡À“«‘∑¬“≈—¬‡°…µ√»“ µ√å ª√– ∫°“√≥å∑”ß“π æ.¬. 45 - ªí®®ÿ∫—π ºŸâÕ”π«¬°“√ΩÉ“¬Õ”π«¬°“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° æ.¬. 44 - µ.§. 45 √—°…“°“√ºŸâÕ”π«¬°“√ΩÉ“¬Õ”π«¬°“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° ¡’.§. 44 - µ.§. 44 ºŸâ™à«¬ºŸâÕ”π«¬°“√ΩÉ“¬∫√‘À“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ°

Ms. Fuangfa Nimcharoen Age Position

41 Vice President (Corporate Affairs Department) M. Sc (Resource Management) Kasetsart University

Education

Work Experience Nov 02- Present Vice President Corporate Affairs Department Eastern Water Resources Development and Management PLC. Nov 01- Oct 02 Acting Vice President Corporate Affairs Department Eastern Water Resources Development and Management PLC. Mar. 01- Oct 01 Assistant Vice President Administration Eastern Water Resources Development and Management PLC.

√“¬ß“πª√–®”ªï 2548

π“¬‡®√‘≠ ÿ¢ «√æ√√≥‚ ¿“§ Õ“¬ÿ 42 µ”·Àπàß ºŸâÕ”π«¬°“√ΩÉ“¬«“ß·ºπ‚§√ß°“√ §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ M.Sc. (Hydraulic Engineering), International Institute for Hydraulic and Environmental Engineering (IHE), Delft, The Netherlands ª√– ∫°“√≥å∑”ß“π æ.¬. 45 - ªí®®ÿ∫—π ºŸâÕ”π«¬°“√ΩÉ“¬«“ß·ºπ‚§√ß°“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° æ.¬. 44 - µ.§. 45 √—°…“°“√ºŸâÕ”π«¬°“√ΩÉ“¬«“ß·ºπ‚§√ß°“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° ¡’.§. 44 - µ.§. 44 ºŸâ®—¥°“√·ºπ°«“ß·ºπ‚§√ß°“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ°

π“¬π”»—°¥‘Ï «√√≥«‘ Ÿµ√ Õ“¬ÿ 40 µ”·Àπàß ºŸâÕ”π«¬°“√ΩÉ“¬æ—≤π“∏ÿ√°‘®µàÕ‡π◊ËÕß §ÿ≥«ÿ≤‘ Ÿß ÿ¥∑“ß°“√»÷°…“ MS. (Finance), University of Colorado, USA ª√– ∫°“√≥å∑”ß“π æ.¬. 45 - ªí®®ÿ∫—π ºŸâÕ”π«¬°“√ΩÉ“¬æ—≤π“∏ÿ√°‘®µàÕ‡π◊ËÕß ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° æ.¬. 44 - µ.§. 45 √—°…“°“√ºŸâÕ”π«¬°“√ΩÉ“¬æ—≤π“∏ÿ√°‘® (µàÕ‡π◊ËÕß) ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ° ¡’.§. 44 - µ.§. 44 ºŸâ®—¥°“√·ºπ°æ—≤π“∏ÿ√°‘® ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ” ¿“§µ–«—πÕÕ°

Mr. Namsak Wannavisute

Mr. Jaroensuk Worapansopak Age Position Education

42 Vice President (Project Planning Department) M.Sc. (Hydraulic Engineering), International Institute for Hydraulic and Environmental Engineering (IHE), Delft, The Netherlands

Work Experience Nov 02 - Present Vice President (Project Planning Department) Eastern Water Resources Development and Management PLC. NoV 01 - Oct 02 Acting Vice President Project Planning Department Eastern Water Resources Development and Management PLC. Mar 01- Oct 01 Project Planning Section Manager Eastern Water Resources Development and Management PLC.

Age Position

40 Vice President (Business Development Department) MS. (Finance), University of Colorado, USA

Education

Work Experience Nov 02 - Present Vice President (Business Development Department) Eastern Water Resources Development and Management PLC. Nov 01 - Oct 02 Acting Vice President (Business Development Department) Eastern Water Resources Development and Management PLC. Mar 01 - Oct 01 Business Development Section Manager Eastern Water Resources Development and Management PLC. À¡“¬‡Àµÿ / Remark °√√¡°“√Õ‘ √– / Independent non-executive director

√“¬ß“πª√–®”ªï 2548

≈—°…≥–°“√¥”‡π‘π∏ÿ√°‘®·≈– —¥ à«π°“√∂◊ÕÀÿâπ∫√‘…—∑„π‡§√◊Õ Business Profile and Subsidiary Shareholding Structure ∏ÿ√°‘®À≈—° (Core Business) ∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ®—¥µ—Èß¢÷Èπ„πªï 2535 ‡æ◊ËÕæ—≤π“·≈–∫√‘À“√®—¥°“√√–∫∫∑àÕ àßπÈ” “¬À≈—°„πæ◊πÈ ∑’™Ë “¬Ωíßò ∑–‡≈¿“§µ–«—πÕÕ° ‚¥¬ àßπÈ”¥‘∫„Àâ‡æ◊ÕË °“√Õÿª‚¿§∫√‘‚¿§ π‘§¡Õÿµ “À°√√¡ ·≈–‚√ßß“π∑—«Ë ‰ª ºà“π√–∫∫∑àÕ àßπÈ”¥‘∫ “¬À≈—° 4 “¬ ‚¥¬„πªï 2548 ∫√‘…∑— œ ‰¥â¢¬“¬°“√«“ß∑àÕ àßπÈ” ‡æ‘¡Ë ‡µ‘¡‡√àß¥à«π Õ“∑‘ ‚§√ß°“√«“ß∑àÕ àßπÈ”®“°·¡àπÈ”√–¬Õß-¡“∫µ“æÿ¥ ·≈–Õà“ßœ ∫“ßæ√–-ÀπÕß§âÕ πÕ°®“°π’È∫√‘…—∑œ ‰¥â‡√‘Ë¡‚§√ß°“√«“ß∑àÕ ‡™◊ÕË ¡‚¬ß·¡àπÈ”∫“ßª–°ß-™≈∫ÿ√’ ¡Ÿ≈§à“ 2,300 ≈â“π∫“∑ ‡æ◊ÕË ªÑÕß°—π°“√ ¢“¥·§≈ππÈ”¥‘∫·≈–√Õß√—∫°“√¢¬“¬µ—«¢Õß§«“¡µâÕß°“√„™âπÈ”¥‘∫∑’Ë ‡æ‘Ë¡ Ÿß¢÷Èπ°«à“√âÕ¬≈– 10-15 µàÕªï ·≈–∫√‘…—∑œ ¬—ß‰¥â√—∫¡Õ∫À¡“¬ ®“°°√¡™≈ª√–∑“π ‚¥¬¡µ‘§≥–√—∞¡πµ√’‡¡◊ËÕ«—π∑’Ë 2 ‘ßÀ“§¡ 2548 „Àâ∫√‘…—∑œ ‡ªìπºŸâ¥”‡π‘π°“√°àÕ √â“ß‚§√ß°“√«“ß∑àÕ‡™◊ËÕ¡‚¬ß Õà“ßœ ª√–· √å-Õà“ßœ §≈Õß„À≠à ‚¥¬¡’¡≈Ÿ §à“ª√–¡“≥ 1,700 ≈â“π∫“∑ ‚¥¬„πªí®®ÿ∫π— ∑àÕ àßπÈ”∑’ÕË ¬Ÿ¿à “¬„µâ°“√∫√‘À“√®—¥°“√¢Õß∫√‘…∑— œ¡’√–¬– ∑“ß√«¡ 307 °‘‚≈‡¡µ√ ·≈– “¡“√∂ Ÿ∫ àßπÈ”‰¥â√«¡°—π∂÷ß 423 ≈â“π ≈Ÿ°∫“»°å‡¡µ√µàÕªï

∏ÿ√°‘®πÈ”¥◊Ë¡

Drinking Water Business

∏ÿ√°‘®πÈ”¥‘∫ ∫¡®. ®—¥°“√·≈–æ—≤π“ ∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ°

∏ÿ√°‘®πÈ”ª√–ª“

Raw Water Business

Tap Water Business

Eastern Water Resources Development and Management PLC

∏ÿ√°‘®∑àÕπÈ” ·≈–Õÿª°√≥å

Pipe & Equipment Business

∏ÿ√°‘®‡°’Ë¬«‡π◊ËÕß (Related Business) 1. ∏ÿ√°‘®πÈ”ª√–ª“ ∫√‘…∑— ¬Ÿπ‡‘ «Õ√å·´≈ ¬Ÿ∑≈’ µ‘ ’È å ®”°—¥‡ªìπºŸ¥â ”‡π‘π∏ÿ√°‘® ª√–ª“ —¡ª∑“π„πæ◊Èπ∑’Ëµà“ßÊ ‰¥â·°à ª√–ª“ —µÀ’∫ ª√–ª“∫“ßª–°ß ª√–ª“©–‡™‘ß‡∑√“ ª√–ª“π§√ «√√§åÕÕ°-ÀπÕßª≈‘ß °“√ª√–ª“‡°“– ’™ß— ª√–ª“‡°“– ¡ÿ¬ ª√–ª“‡°“–≈â“π ª√–ª“æ◊πÈ ∑’∫Ë Õà «‘π ·≈–¡’§«“¡§◊∫Àπâ“ ¢Õßª√–ª“√–¬Õß´÷Ëß§“¥«à“®–≈ßπ“¡ —≠≠“‰¥âµâπªïÀπâ“ √«¡∑—Èß¬—ß

Core Business Eastern Water Resources Development and Management Public Company Limited (EASTW) has founded in 1992 to develop and manage water pipeline systems in the Eastern Seaboard area with an aim to deliver raw water for industrial estates and factories through its four main water pipelines. In 2005, the Company has rapidly expanded its operations, which part of these projects includes the water pipeline projects linking Rayong River to Mab Ta Phut and the Bang Phra-Nong Kor Reservoir Project. In addition, the Company has already started its 2.3bil ion-baht Bangpakong-Chonburi pipeline project to prevent the raw water shortage and to respond to increasing demands for raw water that rise by the average 10-15 % per year. Moreover, the Company has also been entrusted by the Royal Irrigation Department through the cabinetûs resolution on 2 August 2005 to construct a water pipeline system worth approximately 1.7 bil ion baht linking the Pra Sae Reservoir and the Klong Yai Reservoir together. At present, EASTW is managing a 307-km water pipeline with the total pumping capacity of 423 mil ion cubic meters (MCM) per year. ∫®. ‚°≈∫Õ≈ «Õ‡µÕ√å ´’ ‡∑Á¡ å §Õ√åªÕ‡√™—Ëπ 100 % Global Water Systems Corporation Limited 100 %

∫®. ª√–ª“©–‡™‘ß‡∑√“ 99 % Chachoengsao Water Supply Co., Ltd. 99 %

∫®. ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å 100 %

∫®. ª√–ª“∫“ßª–°ß 99 % Bangpakong Water Supply Co., Ltd. 99 %

Universal Utilities Co., Ltd. 100 % ∫®. ‡ÕÁ°§Õ¡∏“√“ 15 % Egcom Tara Co., Ltd. 15 %

∫®. ª√–ª“π§√ «√√§å 100 % Nakornsawan Water Supply Co., Ltd. 100 %

∫®. Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææåå 50 % Eastern Hobas Pipes Co., Ltd. 50 %

ª√–ª“ —µÀ’∫ Sattahip Waterworks ª√–ª“‡°“– ’™—ß Si Chang Waterworks ª√–ª“‡°“– ¡ÿ¬ Samui Waterworks

“√‡§¡’º≈‘µπÈ”ª√–ª“ Tap Water Production Chemicals

Related Businesses 1.Tap Water Business Universal Utilities Co.,Ltd is a concessionaire offering tap water services in various areas through namely, Sattahip Waterworks, Bangpakong Waterworks, Chachoengsao Waterworks, Nakhon Sawan-Nong Pling Waterworks, Koh Si-Chang Waterworks, Koh Samui Waterworks, Koh Lan Waterworks and Borwin Waterworks. It expects to sign an

√“¬ß“πª√–®”ªï 2548

¥”‡π‘π°“√√—∫®â“ßº≈‘µπÈ”ª√–ª“„Àâ·°à ∫√‘…—∑ ‡ÕÁ°§Õ¡∏“√“ ®”°—¥ ª√–ª“„πª√–ª“√“™∫ÿ√’- ¡ÿ∑√ ß§√“¡ ·≈–°“√∫√‘À“√≈¥πÈ” Ÿ≠‡ ’¬ „πª√–ª“√—ß ‘µ-ª∑ÿ¡∏“π’ ª√–ª“ÕâÕ¡πâÕ¬- “¡æ√“π- ¡ÿ∑√ “§√ ·≈–°“√ ª√–ª“π§√À≈«ß πÕ°®“°π’∫È √‘…∑— œ ‰¥â∂Õ◊ Àÿπâ „π —¥ à«π√âÕ¬≈– 15 ¢Õß ∑ÿπ®¥∑–‡∫’¬π„π∫√‘…—∑ ‡ÕÁ°§Õ¡∏“√“ ®”°—¥ ´÷ßË ‡ªìπºŸâ ‰¥â√∫— —¡ª∑“π º≈‘µ®”Àπà“¬πÈ”ª√–ª“„πæ◊Èπ∑’Ë®—ßÀ«—¥√“™∫ÿ√’- ¡ÿ∑√ ß§√“¡ 2. ∏ÿ√°‘®∑àÕπÈ”·≈–Õÿª°√≥å ∫√‘…—∑œ ∂◊ÕÀÿâπ„π∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥ ®”π«π 50 % ‡æ◊ËÕ¥”‡π‘π∏ÿ√°‘®º≈‘µ·≈–®”Àπà“¬∑àÕ CC-GRP (Centrifugally Cast Glkass Reinforced Polyester) ‚¥¬ ¡’‚√ßß“πº≈‘µ∑àÕµ—ßÈ Õ¬Ÿ∑à π’Ë §‘ ¡Õÿµ “À°√√¡Õ’ ‡∑‘√πå ´’∫Õ√å¥(√–¬Õß) ∑àÕ CC-GRP “¡“√∂„™â‰¥â∑ß—È ß“πº≈‘µπÈ”¥‘∫ ß“πº≈‘µπÈ”¥◊¡Ë √–∫∫∫”∫—¥ πÈ”‡ ’¬ √–∫∫™≈ª√–∑“π √–∫∫√–∫“¬πÈ”·≈–§«“¡√âÕπ ß“πº≈‘µ‰øøÑ“ ¥â«¬·√ß¥—ππÈ” ß“π∑àÕÕÿµ“ “À°√√¡·≈–∑àÕ√âÕ¬ “¬‰ø‡ªìπµâπ 3. ∏ÿ√°‘®πÈ”¥◊¡Ë ∫√‘…∑— ‚°≈∫Õ≈ «Õ‡µÕ√å ´’ ‡∑Á¡ å §Õ√åªÕ‡√™—πË ®”°—¥ ¥”‡π‘π∏ÿ√°‘®®”Àπà“¬πÈ”¥◊¡Ë √–∫∫√’‡«Õ√å ÕÕ ‚¡´‘ (Reverse Osmosis) ºà“πµŸÀâ ¬Õ¥‡À√’¬≠Õ—µ‚π¡—µ„πªí ‘ ®®ÿ∫π— ¡’µ®Ÿâ ”Àπà“¬πÈ”¥◊¡Ë „Àâ∫√‘°“√°«à“ 4,000 µŸâ∑—Ë«ª√–‡∑» 4. ∏ÿ√°‘®Õ◊πË Ê ∫√‘…∑— œ ‰¥â®¥— µ—ßÈ Àπà«¬∏ÿ√°‘®¿“¬„π∫√‘…∑— œ ‡æ◊ÕË ¥”‡π‘π ∏ÿ√°‘®°“√®”Àπà“¬ “√‡§¡’„π°√–∫«π°“√º≈‘µπÈ”ª√–ª“ µ≈Õ¥®π∏ÿ√°‘® °“√„Àâ∫√‘°“√Õà“π¡“µ√ ÕÕ°∫‘≈ ·≈–®—¥‡°Á∫√“¬‰¥â ‡æ◊ÕË √Õß√—∫°“√¢¬“¬ °“√≈ß∑ÿπ„πÕπ“§µ

agreement for Rayong Waterworks by early next year. In addition, it is granted the O&M contract by Egcomp Tara Co.,Ltd to produce tap water for Ratchaburi-Samut Songkram Waterworks as well as granted the Non-Revenue Water contracts to reduce water leakage for the Provincial Waterworks Authority (PWA.) at Rangsit-Pathum Thani Waterworks, Omnoi-Sampran-Samut Sakorn Waterworks and for the Metropolitan Waterworks Authority (MWA). EASTW also owns 15 % shares in Egcom Tara Co., Ltd., a concessionaire to produce tap water for the RatchaburiSamut Songkhram area. 2. Pipes CC-GRP Business EAST Water holds 50% shares in Eastern Hobas Pipe Co., Ltd. (EHP) which is established to manufacture and supply Centrifugally Cast Glassfiber Reinforced Polyester (CC-GRP). The factory is located in the Eastern Seaboard Industrial Estate (Rayong). The application of CC-GRP pipes can be used for raw water production, tap water production, wastewater treatment, irrigation, drainage system, heat removing system, hydropower generation, industrial pipe work and electric wire pipes, etc. 3. Drinking Water Business Global Water System Corporation Ltd. sells reversed-osmosis drinking water through automatic drinking water vending machines. At present, there are more than 4,000 æ—≤π“°“√∑’Ë ”§—≠„π√Õ∫ªï 2548 units of drinking water vending machines nationwide. 4. Other Businesses The Company has set up an internal 1. ∏ÿ√°‘®πÈ”¥‘∫ (Core Business) business unit to trade chemicals for use in the tap water °ÿ¡¿“æ—π∏å 2548 ¥”‡π‘π°“√«“ß∑àÕ àßπÈ” By-Pass √–¬–∑’Ë 2 ¢π“¥ production. It also sets up a business to provide meter-reading, 800 ¡¡. ‡™◊ËÕ¡√–∫∫∑àÕ àßπÈ” “¬À≈—°ÀπÕß bil issuing and collection services to accommodate massive ª≈“‰À≈-ÀπÕß§âÕ °—∫√–∫∫∑àÕ àßπÈ”ÀπÕß§âÕ- transactions of waterworks business in the future. ·À≈¡©∫—ß √–¬–∑“ß 7.5 °¡. ·≈â«‡ √Á® ‡æ◊ËÕ‡æ‘Ë¡ §«“¡ “¡“√∂„π°“√ àß®à“¬πÈ”®“°Õà“ßœ ÀπÕß Major Developments in 2005 ª≈“‰À≈‰ª¬—ßæ◊Èπ∑’Ë™≈∫ÿ√’ ‡æ‘¡Ë ®“° 50 ≈â“π ≈∫.¡. ‡ªìπ 80 ≈â“π ≈∫.¡./ªï ‚¥¬„™â«ß‡ß‘π≈ß∑ÿπª√–¡“≥ 1. Core Business 66 ≈â“π∫“∑ February 2005 Complete the laying of an 800-mm by-pass °√°Æ“§¡ 2548 ‡√‘Ë¡°“√°àÕ √â“ß‚§√ß°“√«“ß∑àÕ àßπÈ”‡™◊ËÕ¡‚¬ß water pipe, Phase 2, linking the Nong Pla ·À≈àßπÈ”∫“ßª–°ß-™≈∫ÿ√’ ‚¥¬«“ß∑àÕ ¢π“¥ Lai-Nong Kor with the Nong Kor-Laem Chabang 1,400 ¡¡. √–¬–∑“ß 52.5 °¡. ‡æ◊ËÕº—ππÈ”®“° pipeline system, totaling 7.5 kilometers. The ·¡àπÈ”∫“ßª–°ß¡“‡ √‘¡·°àæπ◊È ∑’™Ë ≈∫ÿ√’ ª√–¡“≥ 50 completion enhances its capacity to distribute ≈â“π ≈∫.¡./ªï‚¥¬¡’«ß‡ß‘π≈ß∑ÿπª√–¡“≥ 2,300 ≈â“π water from the Nong Pla Lai reservoir to ∫“∑ ·≈–¡’°”Àπ¥‡√‘Ë¡ Ÿ∫ àßπÈ”¿“¬„π‡¥◊ Õ π Chonburi area from 50 MCM to 80 MCM a æƒ»®‘°“¬π 2548 year. The investment was approximately 66 mil ion baht.

‘ßÀ“§¡ 2548

°—π¬“¬π 2548

¥”‡π‘π°“√¢ÿ¥≈Õ°µ–°Õπ„πÕà“ß‡°Á∫πÈ”ÀπÕßª≈“‰À≈ July 2005 ·≈â«‡ √Á®‡æ◊ÕË ™à«¬‡æ‘¡Ë ª√‘¡“≥πÈ”¡“„™â‰¥â‡æ‘¡Ë ¢÷πÈ 10 ≈â“π ≈∫.¡. ‚¥¬„™â«ß‡ß‘π≈ß∑ÿπª√–¡“≥ 6 ≈â“π∫“∑ °à Õ √â “ ß√–∫∫ Ÿ ∫ πÈ” ·≈–«“ß∑à Õ à ß πÈ” ®“° ·¡àπÈ”√–¬Õß - ¡“∫µ“æÿ¥ ‡™◊ÕË ¡°—∫√–∫∫∑àÕ∫√‘…∑— œ ¢π“¥ 900 ¡¡. √–¬–∑“ß 17.5 °¡. ·≈â«‡ √Á® ´÷ßË “¡“√∂ àß®à“¬πÈ”‡æ‘¡Ë ¢÷πÈ ª√–¡“≥ 20 ≈â“π≈∫.¡./ªï ‚¥¬„™â‡ß‘π≈ß∑ÿπª√–¡“≥ 310 ≈â“π∫“∑ «“ß∑àÕ àßπÈ”®“°Õà“ß‡°Á∫πÈ”∫“ßæ√–-™≈∫ÿ√’ ¢π“¥ 710 ¡¡. √–¬–∑“ß 4 °.¡. ·≈â«‡ √Á® ‡æ◊ËÕ àß ®à“¬πÈ”·°àæπ◊È ∑’™Ë ≈∫ÿ√‡’ æ‘¡Ë ¢÷πÈ ‚¥¬¡’°”≈—ß°“√ Ÿ∫πÈ” ª√–¡“≥ 18 ≈â“π ≈∫.¡./ªï ‚¥¬„™â«ß‡ß‘π≈ß∑ÿπ ª√–¡“≥ 38 ≈â“π∫“∑ August 2005 ‡√‘Ë¡°àÕ √â“ß‚√ß Ÿ∫πÈ”®“°§≈Õßπ§√‡π◊ËÕß‡¢µ ´÷Ëß ‡ªì π à « πÀπ÷Ë ß „π‚§√ß°“√‡™◊Ë Õ ¡‚¬ß·À≈à ß πÈ” ∫“ßª–°ß - ™≈∫ÿ√’ ‡æ◊ËÕ‡æ‘Ë¡°”≈—ß°“√ àß®à“¬πÈ” ·°àæπ◊È ∑’™Ë ≈∫ÿ√’„πƒ¥Ÿ·≈âß ‚¥¬ “¡“√∂‡√‘¡Ë Ÿ∫πÈ”‰¥â ª√–¡“≥‡¥◊Õπæƒ»®‘°“¬π 2548

2. ∏ÿ√°‘®‡°’Ë¬«‡π◊ËÕß (Related Business) ¡’π“§¡ 2548 ∫√‘…∑— ¬Ÿπ‡‘ «Õ√å·´≈ ¬Ÿ∑≈’ µ‘ ’È å ®”°—¥ ‰¥â≈ßπ“¡ —≠≠“°—∫°“√ª√–ª“ à«π¿Ÿ¡¿‘ “§‡æ◊ÕË ¥”‡π‘π‚§√ß°“√ ≈¥πÈ” Ÿ≠‡ ’¬¢Õßª√–ª“ª∑ÿ¡∏“π’-√—ß ‘µ ‡ªìπ√–¬– ‡«≈“ 1 ªï ¡Ÿ≈§à“‚§√ß°“√ª√–¡“≥ 68.45 ≈â“π∫“∑ ‘ßÀ“§¡ 2548 ∫√‘ …— ∑ œ ‰¥â ≈ ßπ“¡ — ≠ ≠“°— ∫ Õ∫µ.∫à Õ «‘ π Õ”‡¿Õ»√’√“™“ ®—ßÀ«—¥™≈∫ÿ√’ ‡æ◊ËÕ¢¬“¬æ◊Èπ∑’Ë „Àâ ∫ √‘ ° “√πÈ” ª√–ª“‡æ‘Ë ¡ ‡µ‘ ¡ ®“°‡¢µ‡∑»∫“≈ ‡®â“æ√–¬“ ÿ√»—°¥‘Ï ‰ª¬—ß Õ∫µ.∫àÕ«‘π ‚¥¬¡’°”≈—ß °“√º≈‘µ‡√‘¡Ë µâπ 2,400 ≈∫.¡ ‡ªìπ√–¬–‡«≈“ 25 ªï §‘¥‡ªìπ¡Ÿ≈§à“°“√≈ß∑ÿπ√«¡ 35 ≈â“π∫“∑ °√°Æ“§¡ 2548 ∫√‘…∑— ¬Ÿπ‡‘ «Õ√å·´≈ ¬Ÿ∑≈’ µ‘ ’È å ®”°—¥·≈–°≈ÿ¡à ∫√‘…∑— ª√–ª“„π‡§√◊Õ ‰¥â≈ßπ“¡ —≠≠“°—∫°“√ª√–ª“ à«π¿Ÿ¡¿‘ “§ ‡æ◊ÕË ¥”‡π‘π‚§√ß°“√≈¥πÈ” Ÿ≠‡ ’¬¢Õß ª√–ª“ÕâÕ¡πâÕ¬- “¡æ√“π- ¡ÿ∑√ “§√ ‡ªìπ√–¬– ‡«≈“ 1 ªï ¡Ÿ≈§à“‚§√ß°“√ª√–¡“≥ 42.88 ≈â“π∫“∑ ‘ßÀ“§¡ 2548 ∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ‰¥â≈ß∑ÿπµ‘¥µ—Èß ‡§√◊ËÕß®—°√ ”À√—∫º≈‘µ∑àÕ¥—π≈Õ¥ (Grinding Jacking Pipe) ‡æ◊ËÕ√Õß√—∫§«“¡µâÕß°“√∑àÕ ™π‘¥¥—ß°≈à“«µ—Èß·µà¢π“¥ 300-1,600 ¡¡. ‚¥¬¡’ ¡Ÿ≈§à“ª√–¡“≥ 90 ≈â“π∫“∑

√“¬ß“πª√–®”ªï 2548

Start the construction of the BangpakongChonburi pipeline project. This 52.5-km pipeline project used the 1,400-mm diameter water pipes with an objective to divert raw water of approximately 50 MCM a year from the Bangpakong River to Chonburi areas. The 2.3-billion-baht project was expected to commence operation by November 2005. Complete the removal of dredges in the Nong Pla Lai Reservoir, leading to an increase of 10 MCM of water for pumping purpose. Total investment was 6 mil ion baht. Complete the construction linking the Rayong River-Map Ta Phut water-pumping system and water pipeline project with the 900-mm diameter water pipeline project of the Company totaling 17.5 kilometers. When completed, the Company was able to supply the additional 20 MCM per year. The projectûs investment was around 310 mil ion baht. Complete a four-km 710-mm diameter water pipeline Bang Phra Reservoir-Chonburi Project with an ability to supply additional water to Chonburi areas. The project increased a capacity to pump water from Bang Phra Reservoir to Chonburi area at around 18 MCM per year with a total investment of around 38 mil ion baht. September 2005 Start constructing a pumping station from Nakorn Nueng Khet Canal, which is considered part of a project linking BangpakongChonburi project to increase water distribution capacity during dry season. The operation is expected to be in November 2005. 2. Related Businesses March 2005 Universal Utilities Co.,Ltd signed an agreement with the PWA to manage a 68.45-mil ionbaht water leakage management project of the Pathum-Thani Waterworks.

√“¬ß“πª√–®”ªï 2548

°—π¬“¬π 2548

∫√‘…∑— ¬Ÿπ‡‘ «Õ√å·´≈ ¬Ÿ∑≈’ µ‘ ’È å ®”°—¥ „ππ“¡°‘®°“√ August 2005 The Company signed a contract with Borwin √à«¡§â“°—∫∫√‘…—∑ ’Ë· ß°“√‚¬∏“ (1979) ®”°—¥ Subdistrict Administration Organization, ‰¥â≈ßπ“¡ —≠≠“°—∫°“√ª√–ª“π§√À≈«ß ‡æ◊ËÕ Amphoe Sriracha, Chonburi Province, to ¥”‡π‘ π ‚§√ß°“√≈¥πÈ” Ÿ ≠ ‡ ’ ¬ ¢Õß°“√ª√–ª“ expand its tap water service to Borwin Sub π§√À≈«ß ‚¥¬°“√ÕÕ°·∫∫·≈–µ‘¥µ—ÈßÕÿª°√≥å district. The project had an initial production ·≈–ª√—∫ª√ÿß√–∫∫ “√ π‡∑» æ√âÕ¡ß“π«“ß∑àÕ∑’Ë capacity of 2,400 cubic meters. The term of ‡°’¬Ë «¢âÕß ‡ªìπ√–¬–‡«≈“ 600 «—π ‚¥¬¡’ ¥— à«π°“√ the agreement was 25 years old and its total √—∫√Ÿ√â “¬‰¥â®“°¡Ÿ≈§à“‚§√ß°“√ª√–¡“≥ 104 ≈â“π∫“∑ investment was around 35 mil ion baht. °—π¬“¬π 2548 ∫√‘…∑— Õ’ ‡∑‘√πå ‚Œ∫“ ‰ææå ‰¥â≈ßπ“¡ —≠≠“´◊ÈÕ July 2005 Universal Utilities and its affiliated waterworks ∑’Ë¥‘π 12.6 ‰√à‡æ‘Ë¡„ππ‘§¡œ Õ’ ‡∑‘√åπ ´’∫Õ√å¥ companies signed an non- revenue water Õ‘π¥— ‡µ√’¬≈ ‡Õ ‡µ∑ ®—ßÀ«—¥√–¬Õß ‡æ◊ÕË ‡µ√’¬¡°“√ management agreement with the PWA for ¢¬“¬°”≈—ß°“√º≈‘µ·≈–‡æ‘¡Ë æ◊πÈ ∑’‡Ë °Á∫ ‘π§â“ the Om Noi-Sampran-Samut Sakorn Waterworks. „πÕπ“§µÕ—π„°≈â The total investment value is 42.88 mil ion baht. August 2005 Eastern Hobas Pipe installed the grinding 3. ¥â“π°“√∫√‘À“√®—¥°“√ jacking pipe machine to serve the new pipe æƒ»®‘°“¬π 2547 ∫√‘…∑— œ ‰¥â√∫— ‡ß‘π‡æ‘¡Ë ∑ÿπ®”π«π 425 ≈â“π∫“∑ jacking application, which ranges from ®“°°“√ÕÕ°·≈–‡ πÕ¢“¬Àÿπâ “¡—≠‡æ‘¡Ë ∑ÿπ®”π«π 300-1,600 mm. The project value was around 27.5 ≈â“πÀÿπâ æ√âÕ¡„∫ ”§—≠· ¥ß ‘∑∏‘∑®’Ë –´◊ÕÈ Àÿπâ 90 mil ion baht. “¡—≠œ ®”π«π 34 ≈â“πÀπà«¬ ·≈–‰¥â®¥∑–‡∫’¬π September 2005 Universal Utilities Co Ltd, on behalf of a ‡æ‘Ë¡∑ÿπ®“° 1,000 ≈â“π∫“∑‡ªìπ 1,665 ≈â“π∫“∑ consortium with See Sang Karn Yotah (1979) ∏—π«“§¡ 2547 ∫√‘…∑— Õ’ ‡∑‘√πå ‚Œ∫“ ‰ææå ‰¥â√∫— °“√√—∫√Õß Co Ltd, signed a non-revenue water §ÿ≥¿“æ√–∫∫ ISO 9001 / 2000 ´÷Ëß√—∫√Õß management agreement with the MWA. The §ÿ≥¿“æ∑—ßÈ √–∫∫ ®“° Bureau Veritas Quality project involved design, equipment installment, International (Thailand) Ltd. upgrades of information technology and æƒ…¿“§¡ 2548 ∑’ªË √–™ÿ¡«‘ “¡—≠ºŸ∂â Õ◊ Àÿπâ §√—ßÈ ∑’1/2548 Ë ‰¥âÕπÿ¡µ— °‘ “√ laying of water pipelines for a working period ‡ª≈’¬Ë π·ª≈ß¡Ÿ≈§à“∑’µË √“‰«â¢ÕßÀÿπâ “¡—≠®“°¡Ÿ≈§à“ of 600 days. Income recognized from the ∑’µË √“‰«âÀπÿâ ≈– 10 ∫“∑ ‡ªìπÀÿπâ ≈– 1 ∫“∑ ´÷ßË ¡’º≈µàÕ project would be around 104 mil ion baht. √“§“Àÿâπ¢Õß∫√‘…—∑œ µ—Èß·µà 26 æƒ…¿“§¡ 2548 September 2005 Eastern Hobas Pipe Co Ltd signed an ¡‘∂ÿπ“¬π 2548 ∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑œ §√—Èß∑’Ë 6/2548 agreement to buy an additional 12.6 rais of Õπÿ¡—µ‘°“√®à“¬‡ß‘πªíπº≈√–À«à“ß°“≈ ®“°º≈ land in the Eastern Seaboard Industrial Estate, °“√¥”‡π‘πß“πß«¥√–¬–‡«≈“À°‡¥◊Õπ ‘Èπ ÿ¥ 31 Rayong Province, to expand its production ¡’π“§¡ 2548 „πÕ—µ√“Àÿâπ≈– 0.125 ∫“∑ capacity. æƒ»®‘°“¬π 2548 - ≈ßπ“¡ — ≠ ≠“°Ÿâ ‡ ß‘ π √–¬–¬“«®“°∏π“§“√ °√ÿß‰∑¬ ®”°—¥ (¡À“™π) «ß‡ß‘π 2,000 ≈â“π∫“∑ 3. Management and Administration √–¬–‡«≈“‡ß‘π°Ÿâ 7 ªï (√«¡ Grace Period 1 ªï November 2004 EASTW received an additional Baht 425 mil ion 6 ‡¥◊Õπ) ”À√—∫¢¬“¬°“√≈ß∑ÿπ∑—ßÈ „π∏ÿ√°‘®πÈ”¥‘∫ from the capital increase as a result of its πÈ”ª√–ª“·≈–∏ÿ√°‘®µàÕ‡π◊ËÕß¢Õß°≈ÿà¡∫√‘…—∑œ issuance and offer of 27.5-mil ion ordinary shares together with 34 mil ion units of warrants. As a result, the registered capital increased from 1 bil ion baht to 1.665 bil ion baht.

√“¬ß“πª√–®”ªï 2548

- ∑√‘ ‡√µµ‘Èß ª√–°“»º≈¬◊π¬—πÕ—π¥—∫‡§√¥‘µ¢Õß December 2004 Õß§å°√ ·≈–µ√“ “√Àπ’¢È Õß∫√‘…∑— œ ”À√—∫ªï 2548 ∑’Ë√–¥—∫ çA+é ·π«‚πâ¡Õ—π¥—∫‡§√¥‘µ ç§ß∑’Ëé ‚¥¬ –∑âÕπ∂÷ß ∂“π–∑’·Ë ¢Áß·°√àß¢Õß°“√ª√–°Õ∫°“√ À≈—°„π°“√®—¥ àßπÈ”¥‘∫„π‡¢µ™“¬Ωíòß∑–‡≈¿“§ May 2005 µ–«—πÕÕ° - ¡“§¡ àß‡ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ ª√–°“»º≈°“√®—¥Õ—π¥—∫∫√‘…—∑®¥∑–‡∫’¬π¥â“π °“√°”°—∫¥Ÿ·≈°‘®°“√ ´÷Ëß∫√‘…—∑œ ‡ªìπ 1 „π 93 June 2005 ∫√‘…∑— ®¥∑–‡∫’¬π∑’¡Ë º’ ≈°“√ª√–‡¡‘π„π√–¥—∫¥’‡¥àπ „π Quarlile ∑’Ë 1 (Top Quartile)

Eastern Hobas Pipe Co.,Ltd was granted the ISO 9001/ 2000 quality assurance certificate for its entire systems by the Bureau Veritas Quality International (Thailand) Ltd. The Extraordinary Shareholdersû Meeting No. 1/2548 had resolved to split its ordinary shareûs par value from 10 baht to 1 baht. The new par value has been effective since 26 May 2005. The Board of Directorsû Meeting No. 6/2548 approved an interim dividend payment from the Companyûs first six-month operation results as ended of 31 March 2005 for a total of 0.125 baht per share. November 2005 EASTW signed a long-term loan agreement with Krung Thai Bank Plc. to borrow 2 bil ion baht for 7 years (including a 1.5-year grace period). The loan was for an investment expansion in raw water business, and other water related businesses. - Thai Rating Information Services (TRIS) granted A+ credit rating to the Company and its debt instruments for the year 2005 with çstableé credit outlook tendency reflecting Eastern Waterûs business strength as a raw water upplier in the Eastern Seaboard area. - Thai Institute of Directors Association (IOD) named EASTW as one of the 93 listed companies with an outstandi ng corporate governance practice assessment result in the top quartile in its recent ranking of listed companies.

√“¬ß“πª√–®”ªï 2548

¿“«–Õÿµ “À°√√¡·≈–°“√·¢àß¢—π Industrial Competitiveness Situation º≈°√–∑∫®“°ªí®®—¬¿“¬πÕ°·≈–¿“¬„πª√–‡∑»„π™à«ß 9 ‡¥◊Õπ·√° ¢Õßªï 2548 ®“°¿“«–º—πº«π¢Õß√“§“πÈ”¡—π ‡ªìπº≈„Àâ·π«‚πâ¡¿“«– ‡»√…∞°‘®¢Õßª√–‡∑»¬—ß§ß∑√ßµ—«‚¥¬¡’·π«‚πâ¡¿“«–‡ß‘π‡øÑÕ‡æ‘¡Ë Ÿß¢÷πÈ Õ¬à“ß‰√°Á¥’ °“√§“¥°“√≥å¢“¥¥ÿ≈∫—≠™’‡¥‘π –æ—¥§“¥«à“®–≈¥≈ß„πªï 2549 ‡ªìπº≈®“°°“√°√–µÿπâ °“√ àßÕÕ° µ≈Õ¥®π§«∫§ÿ¡°“√π”‡¢â“ ‘π§â“ ‡æ◊ÕË °“√‡°Áß°”‰√ πÕ°®“°π’È √—∞∫“≈¡’‚§√ß°“√°√–µÿπâ ‡»√…∞°‘®ºà“π°“√ ≈ß∑ÿπ„π‚§√ß°“√¢π“¥„À≠à √«¡∂÷ß°“√‡ªî¥‡ √’∑“ß°“√§â“‡æ◊ËÕ‡ªî¥ ‚Õ°“ ∑“ß∏ÿ√°‘®·≈–ªÑÕß°—π°“√°’¥°—π ‘π§â“´÷ßË ®–™à«¬°√–µÿπâ ‡»√…∞°‘® ‚¥¬√«¡ ∑—ßÈ π’È ∏π“§“√·Ààßª√–‡∑»‰∑¬§“¥«à“Õ—µ√“°“√¢¬“¬µ—«∑“ß ‡»√…∞°‘®¢Õß‰∑¬„πªï 2548 ®–Õ¬Ÿà„π™à«ß√âÕ¬≈– 4.25-4.75 ·≈–ªï 2549 Õ¬Ÿà„π™à«ß√âÕ¬≈– 4.5-6.0 °“√¢¬“¬µ—«¢Õß¿“§Õÿµ “À°√√¡„π¿“§µ–«—πÕÕ°™à«ß 3-5 ªï ∑’ºË “à π¡“ ‡ªìπº≈„Àâ¡ª’ √‘¡“≥°“√„™âπÈ”∑’‡Ë æ‘¡Ë ¢÷πÈ Õ¬à“ßµàÕ‡π◊ÕË ß ‚¥¬‡©≈’¬Ë √âÕ¬≈– 13 µàÕªï ∫√‘…∑— œ ®÷ß‰¥â°”Àπ¥„Àâ¡°’ “√»÷°…“·ºπÀ≈—°°“√æ—≤π“ √–∫∫∑àÕ àßπÈ”„πæ◊πÈ ∑’™Ë “¬Ωíßò ∑–‡≈µ–«—πÕÕ° ‡æ◊ÕË “¡“√∂®—¥À“·À≈àß πÈ”¥‘∫‡æ◊ÕË ‡ √‘¡ √â“ß‡ ∂’¬√¿“æ„π°“√®à“¬πÈ”¥â«¬°“√‡™◊ÕË ¡‚¬ß‚§√ß¢à“¬ √–∫∫·À≈àßπÈ” ·≈–‡æ’¬ßæÕµàÕ§«“¡µâÕß°“√„™âπÈ”„πÕπ“§µ∑’Ë¡’·π« ‚πâ¡‡æ‘Ë¡¢÷ÈπÕ’° 2.6 ‡∑à“ „πÕπ“§µ 20 ªï¢â“ßÀπâ“

Considering domestic and external factors influenced by fluctuating global oil price during the first nine months of 2005, the countryûs economic outlook remains stable with expected rising inflation. It is forecasted that current account deficit wil be lower in 2006 due to continuous export promotion and tight control on import goods to curve down price speculation. The governmentûs spending on Mega projects and progress on free trade agreement development, which provides greater business opportunities, are key measures to promote economic growth. The Bank of Thailand forecasts that the countryûs economic growth wil be 4.25-4.75 percent in 2005 and between 4.5-6.0 percent in 2006. The growth of industrial sector in the eastern region during the past 3-5 years has consequently increased water usage by an average 13% per year. To maintain consistent raw water for distribution, the Company conducted the master plan of water pipeline system development in the eastern seaboard. Assuring efficient link between water resources wil enable the Company to constantly meet with rising demand for water, which is expected to increase by 2.6 fold in the next 20 years.

®“° ¿“«–«‘°ƒµ¿—¬·≈âßÕ—π‡π◊ÕË ß¡“®“°Ωπ∑‘ßÈ ™à«ß„πªï 2548 ∫√‘…∑— œ ‰¥â√«à ¡°—∫Àπà«¬ß“π√“™°“√∑’‡Ë °’¬Ë «¢âÕß Õ“∑‘ °√¡™≈ª√–∑“π °√–∑√«ß‡°…µ√·≈– À°√≥å °√¡∑√—æ¬“°√πÈ” °”Àπ¥·ºπ¥”‡π‘π°“√ ‡æ◊ÕË ·°â‰¢ªí≠À“¢“¥·§≈ππÈ”√–¬– —πÈ ‡√àß¥à«π·≈–√–¬–¬“«‡æ◊ÕË ªÑÕß°—π ªí≠À“∑’ËÕ“®®–‡°‘¥¢÷Èπ ‚¥¬¡’°“√°”Àπ¥·ºπ¥”‡π‘πß“π √–¬–‡«≈“ ·≈–Àπà«¬ß“π∑’√Ë ∫— º‘¥™Õ∫Õ¬à“ß™—¥‡®π ”À√—∫„π·ºπ‡√àß¥à«π√–¬– —πÈ ¡’«—µ∂ÿª√– ß§å‡æ◊ËÕ®—¥À“·À≈àßπÈ”‡æ‘Ë¡‡µ‘¡®”π«πª√–¡“≥ 530,000 ≈∫.¡.µàÕ«—π ‡æ◊ÕË ∑¥·∑π°“√„™âπÈ”®“°Õà“ß‡°Á∫πÈ”¥Õ°°√“¬·≈–ÀπÕß ª≈“‰À≈ ·≈–√—°…“ª√‘ ¡ “≥πÈ” „Àâ ‡ æ‘Ë ¡ ¢÷È π ™à « ßƒ¥Ÿ Ω π®π∂÷ ß ‡¥◊ Õ π æƒ»®‘°“¬π 2548 Õ“∑‘‡™àπ °“√ Ÿ∫πÈ”®“°Õà“ß‡°Á∫πÈ”∫“ßæ√– ·≈– ·¡àπÈ”√–¬Õß¡“‡ √‘¡ ‡ªìπµâπ

BangPra Reservoir - Chonburi area Project

In response to the severe drought in 2005, the Company has been working with related government organizations including the Royal Irrigation Department, the Ministry of Agriculture and Cooperatives, and the Department of Water Resources to solve the immediate problem and prepare for the long-term plan. Action plan, time frame and in charged organizations have all been clearly assigned. The contingency plan was aimed to seek additional 530,000 cubic meters of water per day to reduce water supply from Dok Krai and Nong Pla Lai Reservoirs during the rainy season until November 2005, such as the additional raw water pumping from Bang Pra Reservior and Rayong River.

Rayong River - Map Ta Put Distribution Networks

”À√—∫¡“µ√°“√√–¬–°≈“ß¡’‡ªÑ“À¡“¬º—ππÈ”®“°·¡àπÈ”∫“ßª–°ß ·≈–Õà“ß‡°Á∫πÈ”ª√–· √å‡æ◊ÕË ‡ √‘¡°“√„™âπÈ”®“°Õà“ß‡°Á∫πÈ”¥Õ°°√“¬·≈– ÀπÕßª≈“‰À≈„πÕ—µ√“√«¡ ª√–¡“≥ 435,000 ≈∫.¡.µàÕ«—π À√◊Õ 160 ≈â“π ≈∫.¡. µàÕªï ‡ªìπ°“√®—¥À“·À≈àßπÈ”‡æ‘Ë¡‡µ‘¡·≈–¡’‡«≈“„ÀâÕà“ß‡°Á∫πÈ” ÀπÕßª≈“‰À≈·≈–Õà“ß‡°Á∫πÈ”¥Õ°°√“¬øóπô µ—« ¡’√–¥—∫°—°‡°Á∫πÈ”‡æ‘¡Ë ¢÷πÈ µ≈Õ¥®π‡ªìπ°“√‡æ‘¡Ë ·À≈àßπÈ”√Õß√—∫§«“¡µâÕß°“√„™âπÈ”∑’‡Ë æ‘¡Ë ¢÷πÈ „π¿“§ Õÿµ “À°√√¡·≈–Õÿª‚¿§∫√‘‚¿§„πæ◊πÈ ∑’ÕË ’ ‡∑‘√πå ´’∫Õ√å¥ ”À√—∫10ªï¢“â ßÀπâ“ ¡“µ√°“√·°â‰¢√–¬–°≈“ß Measures 1. «“ß∑àÕ àßπÈ”∫“ßª–°ß-∫“ßæ√–-™≈∫ÿ√’ Construction of Bang Pakong Bangphra - Chon Buri pipeline 2. «“ß∑àÕ‡™◊ËÕ¡‚¬ßÕà“ßœª√–· √å-§≈Õß„À≠à Construction of pipeline network linking to Pra Sae-Khlong Yai Reservoir

√“¬ß“πª√–®”ªï 2548

The mid-term plan has an objective to channel the additional 435,000 cubic meters of water per day, or 160 mil ion cubic meters a year, from Bang Pakong River and Pra Sae Reservoir to reduce water usage from Dok Krai and Nong Pla Lai Reservoir. It wil allow Nong Pla Lai and Dok Krai Reservoirs to bounce the water level back to normal in short term while increasing raw water resources to meet increasing demand by the industrial sector and domestic consumption in Eastern Seaboard area for the next ten years

ª√‘¡“≥πÈ”∑’Ë„™âß“π‰¥â Volume 205,000 ≈∫.¡./«—π 205,000 m3/day

Àπà«¬ß“π√—∫º‘¥™Õ∫ Action by ∫√‘…∑— œ East Water

°”Àπ¥·≈â«‡ √Á® Completion date æ.¬.48 November 2005

230,000 ≈∫.¡./«—π 230,000 m3/day

°√¡™≈ª√–∑“π Royal Irrigation Department

¡.§.49 January 2006

For the longer term, the government, by Royal Irrigation πÕ°®“°π’È √—∞∫“≈‚¥¬°√¡™≈ª√–∑“π¡’ ‚§√ß°“√»÷°…“ Department, has conducted a feasibility study on connecting water §«“¡‡À¡“– ¡„π°“√‡™◊ËÕ¡‚¬ß·À≈àßπÈ”®“°®—π∑∫ÿ√’·≈–µ√“¥ ¡“¬—ß resources Chanthaburi and Trat provinces to Pra Sae Reservoir to Õà“ß‡°Á∫πÈ”ª√–· √å‡æ◊ËÕ√Õß√—∫§«“¡µâÕß°“√„™âπÈ”∑’Ë‡æ‘Ë¡¢÷Èπ∑—Èß¿“§ sustain increasing water usage demand in agriculture and industrial sectors as well as domestic consumption in the long run. ‡°…µ√°√√¡ Õÿª ‚¿§∫√‘ ‚¿§·≈–Õÿµ “À°√√¡„π√–¬–¬“«

√“¬ß“πª√–®”ªï 2548

∏ÿ√°‘®πÈ”¥‘∫ ®“°¿“«–«‘°ƒµ‘πÈ”„π¿“§µ–«—πÕÕ°„π™à«ß°≈“ßªï 2548 °√¡™≈ª√–∑“π‰¥â¢Õ§«“¡√à«¡¡◊Õ®“°∫√‘…—∑œ ·≈–ºŸâ„™âπÈ” √≥√ß§å ª√–À¬—¥°“√„™âπÈ”‡æ◊ËÕªÑÕß°—πªí≠À“°“√¢“¥·§≈ππÈ” ”À√—∫¿“§ Õÿµ “À°√√¡·≈–°“√Õÿª ‚¿§∫√‘ ‚¿§„π™à«ß∑’ΩË π∑‘ßÈ ™à«ß ´÷ßË ‰¥â√∫— §«“¡ √à«¡¡◊Õ‡ªìπÕ¬à“ß¥’·≈– “¡“√∂ºà“πæâπ ∂“π°“√≥å¥ß— °≈à“«‰¥â®“°°“√∑’Ë ∫√‘…∑— œ ‰¥â¥”‡π‘π°“√·°â‰¢ªí≠À“∑—ßÈ √–¬–‡√àß¥à«π·≈–√–¬–¬“«Õ¬à“ß¡’ ª√– ‘∑∏‘¿“æ Õ¬à“ß‰√°Áµ“¡ §«“¡µâÕß°“√„™âπÈ”„πæ◊πÈ ∑’∫Ë √‘°“√¢Õß∫√‘…∑— œ ‚¥¬√«¡„πªï 2548 ¡’Õ—µ√“‡æ‘Ë¡¢÷Èπ°«à“√âÕ¬≈– 7 ‚¥¬¡’ —¥ à«π°“√„Àâ ∫√‘°“√¿“§Õÿµ “À°√√¡√âÕ¬≈– 69 ·≈–¿“§°“√Õÿª‚¿§∫√‘‚¿§√âÕ¬≈– 31 ”À√—∫¥â“π°“√·¢àß¢—π„π∏ÿ√°‘®πÈ”¥‘∫ ªí®®ÿ∫—π∫√‘…—∑œ ‰¡à¡’§Ÿà ·¢àß¢—π∑“ßµ√ß ‡π◊ÕË ß®“°·À≈àßπÈ”∑’¡Ë Õ’ ¬ŸÕà ¬à“ß®”°—¥ √«¡∑—ßÈ ∏ÿ√°‘®¢π àß πÈ”∑“ß∑àÕ àßπÈ”µâÕß„™â‡ß‘π≈ß∑ÿπ Ÿß ∑—Èß§à“ ∂“π’ Ÿ∫πÈ” ∑àÕ àßπÈ” °“√ ”√Õß·À≈àßπÈ” ·≈–‡∑§‚π‚≈¬’„π°“√„Àâ∫√‘°“√ ·µàÕ“®¡’§·Ÿà ¢àß∑“ßÕâÕ¡ §◊Õ °“√ √â“ß·À≈àßπÈ” ”√Õß‡Õß √«¡∂÷ß°“√ √â“ß√–∫∫º≈‘µπÈ”®◊¥ ®“°πÈ”∑–‡≈ (Desalination) ·µàÕ¬à“ß‰√°Á¥’ µâπ∑ÿπ°“√º≈‘µπÈ”¥—ß°≈à“« §àÕπ¢â“ß Ÿß‡¡◊ËÕ‡ª√’¬∫°—∫Õ—µ√“§à“πÈ”¥‘∫¢Õß∫√‘…—∑œ ´÷Ëß§“¥«à“‡ªìπ ¡“µ√°“√ Contingency ”À√—∫„π¿“§∏ÿ√°‘®ªî ‚µ√‡§¡’ Õπ÷Ëß „πªï 2549 ∫√‘…—∑œ ‰¥â‡µ√’¬¡·ºπ°“√∫√‘À“√®—¥°“√ Ÿ∫ àßπÈ”®“°·À≈àßµà“ßÊ ´÷Ëß‡ªìπµâπ·∫∫„π°“√∫√‘À“√®—¥°“√ Ÿ∫ àßπÈ” „π≈—°…≥–‚§√ß¢à“¬∑’Ë ¡∫Ÿ√≥å Õ“∑‘ √–∫∫‡™◊ËÕ¡‚¬ß·¡àπÈ”∫“ßª–°ß ·¡àπÈ”√–¬Õß ·≈–Õà“ß‡°Á∫πÈ”ª√–· √å-§≈Õß„À≠à ‡¢â“ Ÿ√à –∫∫∑àÕ àßπÈ”¢Õß ∫√‘…∑— œ ‡æ◊ÕË √â“ß§«“¡‡™◊ÕË ¡—πË ·°àºŸâ„™âπÈ”„π°“√®—¥À“·≈– Ÿ∫ àßπÈ”¥‘∫ ‰¥â ‡ æ’ ¬ ßæÕµà Õ §«“¡µâ Õ ß°“√∑’Ë ‡ æ‘Ë ¡ ¢÷È π ´÷Ë ß ®–™à « ¬ à ß ‡ √‘ ¡ ¿“§ Õÿµ “À°√√¡ ‡µ‘∫‚µÕ¬à“ß¬—Ëß¬◊πµàÕ‰ª ∏ÿ√°‘®πÈ”ª√–ª“ ”À√—∫∏ÿ√°‘®ª√–ª“„πªí®®ÿ∫—π¬—ß§ß¥”‡π‘π°“√¿“¬„µâ°“√ ª√–ª“π§√À≈«ß·≈–°“√ª√–ª“ à«π¿Ÿ¡¿‘ “§ ‚¥¬∏ÿ√°‘®ª√–ª“„π¿“§ ∫√‘…—∑‡Õ°™π ‡ªìπº≈®“°π‚¬∫“¬∑’Ë¿“§√—∞‡æ‘Ë¡∫∑∫“∑¿“§‡Õ°™π„π °“√¥”‡π‘πß“π¢Õß√—∞«‘ “À°‘® ”À√—∫∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å (∫√‘…—∑¬àÕ¬∑’Ë∫√‘…—∑∂◊ÕÀÿâπ 100%) ‰¥â¢¬“¬°“√¥”‡π‘π°‘®°“√ª√–ª“ —¡ª∑“π„À¡àÊ Õ¬à“ßµàÕ‡π◊ÕË ß Õ“∑‘ ‚§√ß°“√º≈‘µπÈ”∑–‡≈‡ªìππÈ” –Õ“¥ ”À√—∫ª√–ª“‡°“– ¡ÿ¬ ‚§√ß°“√ª√–ª“‡°“–≈â“π ‚§√ß°“√ª√–ª“æ◊πÈ ∑’Ë µ”∫≈∫àÕ«‘π·≈–‚§√ß°“√¢¬“¬°”≈—ß°“√º≈‘µπÈ”ª√–ª“ —µÀ’∫‡æ◊ÕË àß„Àâ ·°àª√–ª“æ—∑¬“ ∑—ßÈ π’È „πªï 2548 ¡’°”≈—ß°“√º≈‘µ√«¡ ª√–¡“≥ 257,400 ≈∫.¡./«—π ‡æ‘¡Ë ¢÷πÈ ª√–¡“≥ 93% ®“°ªï 2547 ‚¥¬¡’ª√‘¡“≥πÈ”®”Àπà“¬ √«¡ 31.18 ≈â“π ≈∫.¡. µàÕªï ‡æ‘¡Ë ¢÷πÈ ª√–¡“≥ 51% ®“°ªï 2547 ”À√—∫ ®”π«πºŸâ„™âπÈ”‡æ‘¡Ë ¢÷πÈ „πÕ—µ√“ 16% ‚¥¬¡’®”π«πºŸâ„™âπÈ”√«¡ 47,551 √“¬ πÕ°®“°π’È ∫√‘…—∑œ ¬—ß “¡“√∂‡æ‘Ë¡ª√– ‘∑∏‘¿“æ„π°“√ ∫√‘À“√√–∫∫∑àÕ àßπÈ”‚¥¬≈¥Õ—µ√“πÈ” Ÿ≠À“¬®“°Õ—µ√“ 24% ‡À≈◊Õ 14% „πªï 2548

Raw water business Due to severe drought in the Eastern region in mid 2005, the Royal Irrigation Department sought cooperation from the Company and water users in conserving water to prevent the shortage in the industrial sector and domestic consumption. Good cooperation between all concerned parties enabled all of us to survive well the crisis. The Company efficiently introduced both contingency and long-term solution. However, demand growth for raw water in the service area in 2005 was slower at 7 % due to the water conservative campaign. About 69 % of the Companyûs water supply was distributed to industrial sector and 31 % to domestic consumption. In terms of competition, the Company does not have any direct competitor due to limited water resources and high barrier to entry due to capital intensive in nature. Indirect competitors are the customerûs water reservoir and desalination system. However, the costs of such activities are considerable expensive compared to EASTWûs tariff. However, these measures are contingency water resources for the petrochemical industry. In 2006, the Company has already planned an efficient management of water pumping from various water resources, which is a prototype of an integrated water distribution network. This includes connecting Bang Pakong River, Rayong River and Prasae-Khlong Yai Reservoirs to our pipeline network in order to enhance customersû confidence in our ability to supply raw water to meet their increasing demand, which wil significantly increase due to petrochemical industry growth. Waterworks business Generally, waterworks business remains under the operation of the PWA and MWA. In the light of increase private sectorûs involvement in public service, the government partial y granted concessions to private sector to invest and efficiently improve waterworks operation. Universal Utilities Co.,Ltd.(UU) a wholly owned subsidiary of the Company, has been continuously expanded its waterworks business, under long term concessions granted by the MWA, PWA, and local administrative agencies, namely the Desalination Project on Samui Island, Koh Larn Waterworks Project, Bor-Win Waterworks Project, and tap water production capacity expansion of Sattahip Waterworks for Pattaya Waterworks. In 2005, its combined production capacity is 257,400 cubic meters per day, representing an increase of 93 % compared to that of 2004. The total water distribution volume was 31.18 mil ion cubic

∏ÿ√°‘®πÈ”¥◊Ë¡À¬Õ¥‡À√’¬≠Õ—µ‚π¡—µ‘ ∏ÿ√°‘®πÈ”¥◊¡Ë À¬Õ¥‡À√’¬≠‡π◊ÕË ß®“°º≈‘µ¿—≥±å‡√‘¡Ë ‡ªìπ∑’πË ¬‘ ¡¢Õß ºŸ∫â √‘‚¿§ ®÷ß¡’·π«‚πâ¡°“√·¢àß¢—π§àÕπ¢â“ß Ÿß„π‡¢µ°√ÿß‡∑æœ ·≈–ª√‘ ¡≥±≈ ·≈–®“°°“√∑’Ë∫√‘…—∑ ‚°≈∫Õ≈«Õ‡µÕ√å ´’ ‡∑Á¡ å §Õ√åªÕ‡√™—Ëπ ®”°—¥ ‰¥â√∫— §«“¡‰«â«“ß„®„π°“√º≈‘µµŸπâ È”¥◊¡Ë À¬Õ¥‡À√’¬≠‡æ◊ÕË ™ÿ¡™π ‚¥¬¡’ «—µ∂ÿª√– ß§å„Àâª√–™“™π∑—«Ë ª√–‡∑» “¡“√∂®—¥À“πÈ”¥◊¡Ë ∑’¡Ë §’ ≥ÿ ¿“æ ·≈–√“§“ª√–À¬—¥ ‚¥¬„πªí®®ÿ∫π— (ªï2548) ¡’µπŸâ È”¥◊¡Ë „Àâ∫√‘°“√„πæ◊πÈ ∑’Ë µà“ßÊ ∑—Ë«ª√–‡∑»√«¡ª√–¡“≥ 4,000 µŸâ àßº≈„Àâ∫√‘…—∑‚°≈∫Õ≈œ ¡’ ¥— à«πµŸπâ È”¥◊¡Ë „πµ≈“¥¡“°°«à“ 35% ª√–°Õ∫°—∫∫√‘…∑— œ ‰¥â∑”°“√ ª√—∫·ºπ°≈¬ÿ∑∏°“√µ≈“¥‚¥¬‡πâπ°“√„Àâ∫√‘°“√„π√–∫∫·ø√π‰™ å ·≈– √–∫∫ Call Center √«¡∂÷ß°“√≈¥§à“„™â®“à ¬®“°°“√¥”‡π‘πß“π‚¥¬ Outsourcing ‡æ◊ÕË “¡“√∂ √â“ßº≈ª√–°Õ∫°“√∑’Ë¥’¢÷ÈπµàÕ‰ª ‚¥¬„πªï 2548 ¡’ª√‘¡“≥πÈ”®”Àπà“¬√«¡ 19.50 ≈â“π ≈‘µ√ µàÕªï ‡æ‘Ë¡¢÷Èπ®“°ªï 2547 ª√–¡“≥ 54%

√“¬ß“πª√–®”ªï 2548

meters per annum, which is 51 % increase from 2004. The number of water users also increased by 16% to 47,551 connections. Furthermore, UU significantly improved efficiency in water pipeline management by reducing water loss from 24 % down to 14 %. As a result, the profitability also continuously improves.

Water vending machine business The service has gained stronger ground among consumers. Competition becomes increasingly intense in Bangkok and suburban areas. Global Water Systems Corporation Ltd. (GWS) operates public water vending machine business with an objective to enable people to have easy access to quality and affordable drinking water. In 2005, GWS offers approximately 4,000 vending machines nationwide, representing more than 35 % market share. GWS also introduced franchise system, established a Call ∏ÿ√°‘®∑àÕ·≈–Õÿª°√≥å Center and reduced operating costs through outsourcing to µ“¡∑’Ë √— ∞ ∫“≈¡’ π ‚¬∫“¬„π°“√æ— ≤ π“‡™◊Ë Õ ¡‚¬ß·À≈à ß πÈ” strengthen its operating performance. In 2005, GWSûs total ∑—«Ë ª√–‡∑» (National Water Grid) ´÷ßË ¡’ß∫ª√–¡“≥°“√≈ß∑ÿπ°«à“ water sales volume was 19.50 mil ion litres per annum, represent200,000 ≈â“π∫“∑ ‡æ◊ÕË ªÑÕß°—πªí≠À“°“√¢“¥·§≈ππÈ”∑—ßÈ ”À√—∫¿“§ ing 54 % increase from that of 2004. Õÿª ‚¿§∫√‘ ‚¿§ ‡°…µ√°√√¡ ·≈–Õÿµ “À°√√¡ µ≈Õ¥®π‡ªìπ¡“µ√°“√ Pipe and equipment busines °√–µÿπâ ‡»√…∞°‘® àßº≈„ÀâÕµÿ “À°√√¡º≈‘µ∑àÕ¡’°“√¢¬“¬µ—«¥â“π§«“¡ The government has announced the 200 bil ion baht µâÕß°“√„™â∑Õà ¢π“¥„À≠à‡æ‘¡Ë ¢÷πÈ Õ¬à“ßµàÕ‡π◊ÕË ß‚¥¬Àπà«¬ß“π¿“§√—∞¬—ß‡ªìπ °≈ÿ¡à ºŸâ„™â∑Õà √“¬„À≠àª√–°Õ∫¥â«¬ °“√ª√–ª“ à«π¿Ÿ¡¿‘ “§ °“√ª√–ª“ National Water Grid Policy to prevent water shortage in π§√À≈«ß °√¡™≈ª√–∑“π °√¡∑√—æ¬“°√πÈ” ·≈–∫√‘…—∑œ ‡ªìπµâπ gricultural and industrial sectors as well as for domestic ∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥ ‡ªìπºŸâº≈‘µ·≈–®”Àπà“¬ consumption. The policy is also aimed at promoting national ∑àÕ‰ø‡∫Õ√å°≈“ „π√–∫∫ Centrifugally Casting Glassfiber Rein- economic growth, resulting in consequent expansion in pipe forced Polyester À√◊Õ CC-GRP ·µà‡æ’¬ßºŸ‡â ¥’¬«„πª√–‡∑» ´÷ßË ‡ªìπ∑àÕ business which experiences increasing demand for large diameter „π°≈ÿà¡∑àÕæ≈“ µ‘°∑’Ë “¡“√∂„™â„π√–∫∫∑àÕ àßπÈ”¢π“¥„À≠à µ—Èß·µà pipes. Major pipe buyers are large-scale public organizations, ¢π“¥ 300-1,600 ¡¡. ∑—ÈßπÈ”¥‘∫ πÈ”ª√–ª“·≈–∑àÕ√«∫√«¡πÈ”‡ ’¬ for example, the PWA, MWA, the Royal Irrigation Department, ´÷ßË ®“°º≈°“√¥”‡π‘πß“π„πªï∑º’Ë “à π¡“ ¡’¬Õ¥¢“¬ª√–¡“≥ 315 ≈â“π∫“∑ the Department of Water Resource and East Water. ‡æ‘¡Ë ¢÷πÈ √âÕ¬≈– 54 ®“°ªï 2547 ‚¥¬¡’§·Ÿà ¢àß¢—π„π°≈ÿ¡à ∑àÕ‡À≈Á° ∑àÕ HDPE Eastern Hobas Pipe Co., Ltd. is Thailandûs sole manufacturer ”À√—∫√–∫∫∑àÕπÈ”¥‘∫·≈–πÈ” –Õ“¥ ·≈–∑àÕ§Õπ°√’µ „π√–∫∫∑àÕ and distributor of Centrifugally Casting Glassfiber Reinforced √«∫√«¡πÈ”‡ ’¬ ·≈–®“°°“√»÷°…“™àÕß∑“ß°“√µ≈“¥„π∏ÿ√°‘®∑àÕ àßπÈ” Polyester (CC-GRP) pipes. The products are used as large pipes µ≈Õ¥®π·ºπ°“√æ—≤π“√–∫∫°“√‡™◊ÕË ¡‚¬ß·À≈àßπÈ”‚¥¬¿“§√—∞ (Water with 300-1,600 mm diameters for raw, tap and waste water Grid) æ∫«à“ ∏ÿ√°‘®∑àÕ¥—ß°≈à“«¡’»°— ¬¿“æ„π°“√¢¬“¬µ—« Ÿß„πÕπ“§µ network. In 2005, EHP reported 315 mil ion baht sales, representing 54 % growth from 2004. Major competitors are those producing steel and HDPE pipes for raw and clean water system, and concrete pipes used in waste water system. Based on market research and the National Water Grid Policy, the pipe business has high growth potential in the future.

√“¬ß“πª√–®”ªï 2548

ªí®®—¬‡ ’Ë¬ß Risk Factors ªí®®—¬§«“¡‡ ’¬Ë ß∑’ÕË “®¡’º≈°√–∑∫µàÕ°“√¥”‡π‘πß“π¢Õß∫√‘…∑— œ Risk factors which may have impacts to the Companyûs ª√–°Õ∫¥â«¬ªí®®—¬¿“¬πÕ° ‰¥â·°à ∑√—æ¬“°√πÈ”π‚¬∫“¬√—∞∫“≈·≈– operations consist of external and internal factors. External factors √“§“πÈ”¡—π∑’‡Ë æ‘¡Ë ¢÷πÈ à«πªí®®—¬¿“¬„π ‰¥â·°à ‚§√ß°“√∑’‡Ë °’¬Ë «°—∫√–∫∫ include water resources, government policies and rising oil prices ∑àÕ àßπÈ”·≈–°“√≈ß∑ÿπ‡æ‘Ë¡‡µ‘¡¢Õß∫√‘…—∑œ ´÷Ëß¡’√“¬≈–‡Õ’¬¥¥—ßπ’È while internal factors; namely the Companyûs water pipeline projects and its additional investments. Details are as follows. 1. §«“¡‰¡à·πàπÕπ·≈–§«“¡‰¡à‡æ’¬ßæÕ¢Õß·À≈àßπÈ”

‡¡◊ËÕµâπªï 2548 ‰¥â‡°‘¥¿“«–«‘°ƒµ¿—¬·≈âß ‚¥¬πÈ”„πÕà“ß‡°Á∫ πÈ”À≈—° (¥Õ°°√“¬·≈–ÀπÕßª≈“‰À≈) ≈¥≈ß‡À≈◊Õ‡æ’¬ß 7 % ¢Õß ª√‘¡“≥‡°Á∫°—°∑—ÈßÀ¡¥ (235 ≈â“π≈∫.¡.) ∫√‘…—∑œ‰¥â¥”‡π‘π°“√·°â‰¢ ªí≠À“√–¬– —πÈ °—∫Àπà«¬ß“πµà“ßÊ ‚¥¬°“√π”πÈ”®“°·À≈àßÕ◊πË Ê ¡“‡ √‘¡ ‡ªìπ°“√«“ß∑àÕ àßπÈ”®“°Õà“ß∫“ßæ√– ·≈–°“√«“ß∑àÕ àßπÈ”®“° ·¡àπÈ”√–¬Õß ‡æ◊ËÕ·°â‰¢«‘°ƒµ¥—ß°≈à“« ∑”„Àâ “¡“√∂™–≈Õ°“√„™âπÈ” ®“°Õà“ß≈ß‰ª®π°√–∑—ßË ªí®®ÿ∫π— ª√‘¡“≥πÈ”µâπ∑ÿπ‰¥â‡æ‘¡Ë ¢÷πÈ ‡π◊ÕË ß®“°Ωπ µ°„π™à«ß‡¥◊Õπ ‘ßÀ“§¡-°—π¬“¬π ∑”„Àâª√‘¡“≥πÈ”‰À≈‡¢â“Õà“ß‡æ‘Ë¡ ¢÷πÈ ‡ªìπª√–¡“≥ 150 ≈â“π≈∫.¡. À√◊Õ 65 % ¢Õßª√‘¡“≥‡°Á∫°—°∑—ßÈ À¡¥ (≥ æƒ»®‘°“¬π 2548) Õ¬à“ß‰√°Áµ“¡ ∫√‘…∑— œ‰¥â¥”‡π‘π‚§√ß°“√√–¬–°≈“ß ‡æ◊ËÕªÑÕß°—πªí≠À“§«“¡‰¡à·πàπÕπ·≈–§«“¡‰¡à‡æ’¬ßæÕ¢Õß·À≈àßπÈ” ‚¥¬°“√«“ß∑àÕ àßπÈ”∫“ßª–°ß-∫“ßæ√–·≈–‚§√ß°“√ª√–· √å-§≈Õß„À≠à √à«¡°—∫‚§√ß°“√¢Õß°√¡™≈ª√–∑“π§“¥«à“®– “¡“√∂ Ÿ∫πÈ”‰¥â ¿“¬„πµâπªï 2549

1. Uncertainty and Inadequacy of Water Resources

In early 2005, the country suffered a drastic drought, prompting water levels in main reservoirs (Dokkrai and Nong Pla Lai) to lower to only 7 per cent of total capacity (235 mil ion cubic meters). The Company tried to resolve the problem in a short run with several government agencies by diverting water from other sources. Thus water pipelines were laid from Bang Pra Reservoir and Rayong River in order to reduce water supply from the main reservoirs. At present, water levels in the two reservoirs have increased due to rainfalls during August and September. Water inflow have been raised to around 150 mil ion cubic meters or 65 per cent of total capacity. (As at November 2005) However, the Company has implemented a mid-term plan to prevent fluctuation and insufficiency of water resources by constructing Bang Pakong-Bang Phra, and Pra Sae-Khlong 2. °“√®—¥ √√πÈ”®“°Õà“ß‡°Á∫πÈ”¢Õß°√¡™≈ª√–∑“π‰¡à‡æ’¬ßæÕ Yai pipelines that complement the Irrigation Departmentûs projects. „π à«πªí®®—¬§«“¡‡ ’¬Ë ß„π°“√®—¥ √√πÈ”®“°°√¡™≈ª√–∑“π The pumping station is expected to be operated in early 2006. ´÷Ëß‡ªìπ·À≈àßπÈ”¥‘∫ à«π„À≠à¢Õß∫√‘…—∑œ §‘¥‡ªìπª√–¡“≥√âÕ¬≈– 70 ¢Õß·À≈àßπÈ”∑—ÈßÀ¡¥‰¡à‡æ’¬ßæÕ ∫√‘…—∑œ‰¥âª√– “πß“π°—∫°√¡ 2. Inadequate Water Allocation from the Department of Royal ™≈ª√–∑“πÕ¬à“ß„°≈â™¥‘ ‡æ◊ÕË „Àâ‡æ’¬ßæÕ°—∫§«“¡µâÕß°“√„™âπÈ”∑’‡Ë æ‘¡Ë ¢÷πÈ Irrigationûs Reservoirs Õ¬à“ß√«¥‡√Á«„π®—ßÀ«—¥™≈∫ÿ√’·≈–√–¬Õß Õ¬à“ß‰√°Á¥’∫√‘…—∑œ‰¥â¥”‡π‘π Since water from the Department of Royal Irrigation °“√‚§√ß°“√«“ß∑àÕ‡æ◊ËÕπ”πÈ”®“°·¡àπÈ”∫“ßª–°ß·≈–·¡àπÈ”√–¬Õß accounts for 70 per cent or, in other words, the majority of the ¡“‡ √‘¡°√≥’°“√®—¥ √√πÈ”‰¡àæÕ‡æ’¬ß Companyûs raw water resources, the company has to closely coordinate with the Department of Royal Irrigation to ensure 3. °“√≈ß∑ÿπ„π‚§√ß°“√·°â«‘°ƒµ¿—¬·≈âßÕ“®‰¡à·≈â«‡ √Á®µ“¡ that water allocation can meet the rapidly-increasing water °”Àπ¥ demands in both Chonburi and Rayong Provinces. At the same ∫√‘…—∑œ ¡’°“√≈ß∑ÿπ„π‚§√ß°“√∫“ßª–°ß-∫“ßæ√– ‡æ◊ËÕ·°â time, the water pipeline project has been initiated to bring in «‘°ƒµ¿—¬·≈âß ª√–¡“≥ 2,300 ≈â“π∫“∑ ´÷Ëß®– “¡“√∂ Ÿ∫πÈ”‰¥â additional water from the Bangpakong River and the Rayong ¿“¬„πæƒ»®‘°“¬π 2548 ‡æ◊ÕË ‡ √‘¡πÈ”¡“¬—ßæ◊πÈ ∑’™Ë ≈∫ÿ√’ πÕ°®“°π’¬È ß— ‰¥â River in case such water allocation is not enough. √—∫¡Õ∫À¡“¬®“°°√¡™≈ª√–∑“π„π °“√«“ß∑àÕπÈ”®“°Õà“ßª√–· √å ¡“¬—ßÕà“ß§≈Õß„À≠à ´÷Ëß§“¥«à“®– “¡“√∂ Ÿ∫πÈ”‰¥â„π‡¥◊Õπ¡°√“§¡ 2549 À“°‚§√ß°“√¥—ß°≈à“«‰¡à “¡“√∂¥”‡π‘π°“√„Àâ·≈â«‡ √Á®µ“¡°”Àπ¥

√“¬ß“πª√–®”ªï 2548

Õ“®∑”„Àâ‡°‘¥ªí≠À“°“√¢“¥·§≈ππÈ”„π√–¬–¬“«‰¥â∫√‘…∑— œ®÷ß‰¥â‡√àß√—¥ 3. Investment in Drought-releasing Project may not be °“√¥”‡π‘π°“√¥—ß°≈à“« ‚¥¬°“√«à“®â“ßºŸâ√—∫®â“ß „π≈—°…≥–·¬° Completed as Scheduled —≠≠“®—¥À“«— ¥ÿ ·≈–°“√«“ß∑àÕÕÕ°‡ªìπÀ≈“¬ —≠≠“ ‡æ◊ËÕ„Àâ The Company has invested approximately Baht 2.3 bil ion “¡“√∂‡√àß√—¥·≈–µ‘¥µ“¡‚§√ß°“√‰¥âÕ¬à“ß„°≈â™‘¥ in the Bangpakong-Bang Pra Project to resolve a harsh problem of drought. By November 2005, the project is expected to pump 4. °“√‡°‘¥§«“¡‡ ’¬À“¬µàÕ√–∫∫∑àÕ àßπÈ” water out of the Bangpakong River for water consumption in the „πªï 2548 ∫√‘…—∑œ ‰¥â¥”‡π‘π°“√«“ß∑àÕµ“¡¡“µ√°“√µà“ßÊ Chonburi area. In addition, the Company has been entrusted ‡æ◊ÕË ·°âª≠í À“¿—¬·≈âß„πªï 2548 ‚¥¬‡ªìπ∑àÕ¢π“¥„À≠à·≈–¡’§«“¡¬“« by the Department of Royal Irrigation to lay down water pipelines 30-50 °¡.µàÕ‚§√ß°“√ ¥—ßπ—πÈ ®÷ßÕ“®¡’§«“¡‡ ’¬Ë ß‡°’¬Ë «°—∫∑àÕ·µ°À√◊Õ√—«Ë from the Pra Sair Reservoir to the Klong Yai Reservoir, of which ‰¥â ∫√‘…—∑œ‰¥â®—¥∑”ª√–°—π§«“¡‡ ’Ë¬ß¿—¬¢Õß√–∫∫∑àÕ∑’ËÕ“®‡°‘¥®“° are expected to pump the water in January 2006. If the projects ‡Àµÿ°“√≥åµà“ßÊ §√Õ∫§≈ÿ¡∑ÿ°√–∫∫‡ âπ∑àÕ ‡ªìπª√–‡¿∑ª√–°—π fail to complete on time, this may trigger a water shortage in §«“¡‡ ’Ë¬ß∑—Èßª«ß (All Risks Insurance) ·≈–π”√–∫∫ SCADA ‡¢â“ the long run. As a result, the Company has tried its full effort to §«∫§ÿ¡ √–∫∫°“√ àßπÈ”„À¡à µ≈Õ¥®π°”Àπ¥µ“√“ß°“√´àÕ¡∫”√ÿß expedite the projects by hiring various contractors and breaking √—°…“‡™‘ßªÑÕß°—π ‡§√◊ËÕß Ÿ∫πÈ” ∑àÕ àßπÈ” ·≈–Õÿª°√≥åµà“ßÊ Õ¬à“ß procurement contracts in several agreements with clear-cut ‡ªìπ√–∫∫ ‡æ◊ËÕ™à«¬„Àâ∫√‘…—∑œ “¡“√∂„Àâ∫√‘°“√‰¥âÕ¬à“ßµàÕ‡π◊ËÕß completion schedules so that it can closely monitor the development of the projects. 5. §«“¡¢—¥·¬âß°—∫™ÿ¡™π„π°“√„™â∑√—æ¬“°√®“°·À≈àßπÈ”

·¡â«“à °“√„™âπÈ”¢Õß∫√‘…∑— œ ®–¡’ ¥— à«π‡æ’¬ß 15% ¢Õß°“√„™âπÈ” „π¿“æ√«¡ (¿“§‡°…µ√ ¿“§Õÿµ “À°√√¡ ∑àÕß‡∑’¬Ë « ·≈–Õÿª‚¿§∫√‘‚¿§) ·µà°“√π”πÈ”®“°·À≈àßπÈ”µà“ßÊ‡¢â“¡“‡ √‘¡§«“¡µâÕß°“√„™âπÈ”„πÕπ“§µ Õ“®¡’§«“¡¢—¥·¬âß°—∫™ÿ¡™πÀ√◊Õ‡°…µ√°√∑’Ë‰¥â√∫— °“√®—¥ √√®“°·À≈àßπÈ” ‡¥’¬«°—π‰¥â ∫√‘…—∑œ®÷ß‰¥âæ‘®“√≥“®—¥ √√ß∫ª√–¡“≥‰¡à‡°‘π 5% ¢Õß °”‰√ ÿ∑∏‘‡æ◊ËÕ‚§√ß°“√ æ—≤π“§ÿ≥¿“æ™’«‘µ·≈– ‘Ëß·«¥≈âÕ¡ ‡πâπ √â“ß §«“¡ —¡æ—π∏å°∫— ™ÿ¡™π„πæ◊πÈ ∑’µ≈Õ¥®π°“√ √â Ë “ß§«“¡‡¢â“„®∑’∂Ë °Ÿ µâÕß°—∫ ™ÿ¡™π πÕ°®“°π’¬È ß— ‰¥â π—∫ πÿπ‚§√ß°“√æ—≤π“„π∑âÕß∂‘πË Õ¬à“ß ¡Ë”‡ ¡Õ

4. Possible Damage to Water Pipelines System

In 2005, according to several water pipeline projects to resolve the drastic drought it encountered in 2005, pipeline in the projects which are large and about 30-50 km long in each project can be easily broken or leaked. The Company has taken an all-risk insurance for all its pipelines against any threat that may occur in any situation. The SCADA system has been implemented to monitor its new pipeline system. Furthermore, preventive maintenance schedules of water pumps, water pipes 6. º≈°√–∑∫®“°√“§“πÈ”¡—π∑’Ëª√—∫√“§“ ∑”„Àâµâπ∑ÿπ Ÿß¢÷Èπ and other equipment and accessories ware fixed up to ensure ‡π◊ÕË ß®“°√“§“πÈ”¡—π¥‘∫„πµ≈“¥‚≈°∑’‡Ë æ‘¡Ë ¢÷πÈ ®– àßº≈°√–∑∫ the continuity of the service. „Àâ¡’°“√ª√—∫Õ—µ√“§à“‰øøÑ“¿“¬„πª√–‡∑» ∑”„Àâµâπ∑ÿπæ≈—ßß“π ´÷Ëß ¡’ —¥ à«π§à“„™â®à“¬ª√–¡“≥ 20% ¢Õß§à“„™â®à“¬√«¡‡æ‘Ë¡¢÷Èπ Õ¬à“ß‰√ 5. Conflicts with Communities due to Use of the Same Water °Áµ“¡∫√‘…∑— œ‰¥â¥”‡π‘π°“√∫√‘À“√‡«≈“°“√ Ÿ∫®à“¬πÈ” ‡æ◊ÕË ª√–À¬—¥§à“ Resources ‰øøÑ“„π™à«ß Peak Load °“√‡æ‘Ë¡ª√– ‘∑∏‘¿“æ‡§√◊ËÕß Ÿ∫πÈ” µ≈Õ¥ Although the Companyûs water consumption accounts ®π‰¥â√∫— °“√ π—∫ πÿπ®“°°“√‰øøÑ“ΩÉ“¬º≈‘µ·Ààßª√–‡∑»‰∑¬„π°“√‡¢â“ for only 15% of the total water consumption (agricultural, industrial, √à«¡‚§√ß°“√‡¥‘π‡§√◊ÕË ß Ÿ∫πÈ”‚¥¬‡§√◊ÕË ß°”‡π‘¥‰øøÑ“¥’‡´≈„π™à«ß‡«≈“ tourism sectors and domestic water consumption), pumping Peak Load ∑—Èßπ’È ∫√‘…—∑œ “¡“√∂æ‘®“√≥“‡ª≈’Ë¬π·ª≈ß√“§“πÈ”‰¥â water from other water sources to meet with the future water µ“¡µâπ∑ÿπ∑’Ë‡ª≈’Ë¬π‰ª consumption increase may cause conflict with communities and farmers who rely on the same water sources. The Company consequently allocated 5 percent of its net profit for the Quality of Life and Environment Project, Focusing on strengthening community relations, ensuring good understanding among people

√“¬ß“πª√–®”ªï 2548

7. ¥â“ππ‚¬∫“¬¢Õß√—∞∫“≈·≈–Àπà«¬ß“π√“™°“√∑’Ë‡°’Ë¬«¢âÕß

in the concerned communities, and regularly supporting °“√‡æ‘Ë¡ —¥ à«π°“√∂◊ÕÀÿâπ¢Õß¿“§‡Õ°™π ∑”„Àâ∫√‘…—∑œ æâπ community development projects. ¿“æ°“√‡ªìπ√—∞«‘ “À°‘® ¥—ßπ—Èπ§«“¡‰¡à·πàπÕπ¢Õßπ‚¬∫“¬¢Õß 6. Effects from Rising Oil Prices Means Higher Cost of Production Àπà«¬ß“π√“™°“√µà“ßÊ ∑’‡Ë °’¬Ë «¢âÕß°—∫°“√¥”‡π‘πß“π¢Õß∫√‘…∑— œ Õ“®¡’ Rising oil prices in the worldûs market has prompted º≈°√–∑∫µàÕ∫√‘…∑— œ Õ“∑‘ §«“¡‡ ’¬Ë ß„π°“√∑’®Ë –‰¡àÕπÿ≠“µÀ√◊Õ‰¡àµÕà Provincial Electricity Authorities to hike up its tariff which mean Õ“¬ÿ°“√Õπÿ≠“µ«“ß∑àÕ àßπÈ”„πæ◊Èπ∑’Ë¢ÕßÀπà«¬ß“π√“™°“√ ‰¥â·°à the cost of energy, which accounts for 20 per cent of the °√¡∑“ßÀ≈«ß·≈–Õß§å°√ª°§√Õß à«π∑âÕß∂‘Ëπ ‡ªìπµâπ Õ¬à“ß‰√°Á¥’∑’Ë Companyûs total expenses, does increase. However, the Company ºà“π¡“∫√‘…∑— œ¬—ß§ß‰¥â√∫— §«“¡√à«¡¡◊Õ®“°Àπà«¬ß“π√“™°“√∑’‡Ë °’¬Ë «¢âÕß has resorted to time management techniques by pumping water ¥â«¬¥’¡“µ≈Õ¥ Õ’°∑—ßÈ °“√®—¥µ—ßÈ ·≈–°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…∑— œ ‡ªìπ‰ª in the non-peak periods to lower its costs of electricity, increasing µ“¡¡µ‘§≥–√—∞¡πµ√’„π°“√ àß‡ √‘¡°“√≈ß∑ÿπ¥â“πÕÿµ “À°√√¡ ·≈– the efficiency of its water pumps and participating in the Electricity °“√∑àÕß‡∑’Ë¬«„πæ◊Èπ∑’Ëæ—≤π“™“¬Ωíòß∑–‡≈µ–«—πÕÕ°¢Õß√—∞∫“≈ Generating Authority of Thailand (EGAT)ûs project to operate water pumps using diesel-operated generators during the peak load period. However, in case the electricity price is likely to go up and might affect its operation cost, the Company can adjust the price of its water tariff based on the changing cost. 7. Related Policies of the Government and Other Related Agencies

Increasing private Sectorûs shares ratio have terminated the Companyûs state enterprise status. Therefore, uncertainties of related government agenciesû policy may inevitably effect us. This included; for example, risk from a refusal to permit or renew the license to lay down water pipelines in government properties such as those in the jurisdiction of the Highway Department and local administrative bodies. However, so far, the companyûs operation is in line with the cabinetûs resolution aimed to promote industrial investment and tourism activities in the Eastern Seaboard of Thailand.

√“¬ß“πª√–®”ªï 2548

§”Õ∏‘∫“¬·≈–°“√«‘‡§√“–Àå¢ÕßΩÉ“¬®—¥°“√ ∫¡®.®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° 1. √“¬ß“π·≈–°“√«‘‡§√“–Àåº≈°“√¥”‡π‘πß“π ”À√—∫ªï 2548 1. 2005 Performance Report and Analysis

∫√‘…∑— œ ·≈–∫√‘…∑— ¬àÕ¬¡’°”‰√ ÿ∑∏‘√«¡∑—ßÈ ‘πÈ 500.05 ≈â“π∫“∑ The Company and its subsidiaries recorded a total net ‡æ‘Ë¡¢÷Èπ®“°ªï 2547 „πÕ—µ√“ 13% ‚¥¬¡’√“¬‰¥â√«¡∑—Èß ‘Èπ 2,093.57 profit of 500.05 mil ion baht, representing a 13 % increase from ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 194.22 ≈â“π∫“∑®“°ªï 2547 À√◊Õª√–¡“≥ 10% 2004. Its total revenue is 2,093.57 mil ion baht, 194.22 mil ion baht ‚¥¬¡’ —¥ à«π√“¬‰¥â¥—ßπ’È higher than 2004 or approximately 10 % increase. Revenue for each business is as follows: ‚§√ß √â“ß√“¬‰¥â ªï 2547 ·≈–ªï 2548 / Revenue Structure for 2004 and 2005

‚¥¬√“¬‰¥â∑’Ë‡æ‘Ë¡¢÷ÈπÕ¬à“ß¡’π—¬ ”§—≠‰¥â·°à √“¬‰¥âπÈ”¥‘∫ ‡æ‘Ë¡ ¢÷Èπ 82.60 ≈â“π∫“∑ À√◊Õ‡∑à“°—∫ 7% Õ¥§≈âÕß°—∫ª√‘¡“≥πÈ”¥‘∫∑’Ë ®”Àπà“¬‡æ‘¡Ë ¢÷πÈ ∑—ßÈ „π¿“§Õÿµ “À°√√¡·≈–Õÿª‚¿§∫√‘‚¿§ √“¬‰¥â∏√ÿ °‘® ª√–ª“‡æ‘Ë¡¢÷Èπ 64.85 ≈â“π∫“∑À√◊Õ‡∑à“°—∫ 37% ®“°°“√ª√—∫Õ—µ√“ §à“πÈ”ª√–ª“µ“¡ —≠≠“ µ≈Õ¥®π¡’ª√‘¡“≥πÈ”®”Àπà“¬∑’Ë‡æ‘Ë¡¢÷Èπ ª√–¡“≥ 51% “‡Àµÿ®“°°“√¢¬“¬°“√¥”‡π‘π°‘®°“√ª√–ª“ —¡ª∑“π„À¡àÊ Õ¬à“ßµàÕ‡π◊ÕË ß Õ“∑‘ ‚§√ß°“√º≈‘µπÈ”∑–‡≈‡ªìππÈ” –Õ“¥ ”À√—∫ª√–ª“‡°“– ¡ÿ¬ ‚§√ß°“√¢¬“¬°”≈—ß°“√º≈‘µπÈ”ª√–ª“ —µÀ’∫ ‡æ◊ËÕ àß„Àâ·°àª√–ª“æ—∑¬“ √«¡∑—Èß¬—ß‡¢â“∫√‘À“√®—¥°“√º≈‘µπÈ”ª√–ª“ „Àâ·°à∫√‘…—∑‡ÕÁ°§Õ¡∏“√“ ´÷Ëß√—∫º‘¥™Õ∫„πæ◊Èπ∑’Ëª√–ª“√“™∫ÿ√’ ¡ÿ∑√ ß§√“¡ ·≈–°“√∫√‘À“√≈¥πÈ” Ÿ≠‡ ’¬„πª√–ª“Õ◊ËπÊ 3 ·Ààß πÕ°®“°π’È„π à«π√“¬‰¥â®“°∏ÿ√°‘®πÈ”¥◊Ë¡ ‡æ‘Ë¡¢÷Èπ 87.91 ≈â“π∫“∑ ®“°‚§√ß°“√µŸâπÈ”¥◊Ë¡‡æ◊ËÕ™ÿ¡™π´÷Ëßµ‘¥µ—Èß·≈â«‡ √Á® 2,816 µŸâ ”À√—∫§à“„™â®à“¬¥”‡π‘πß“π√«¡ 1,266.08 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 183.86 ≈â“π∫“∑ À√◊Õ§‘¥‡ªìπ√âÕ¬≈– 17 ®“°ªï 2547 ´÷Ëß¡’ “‡ÀµÿÀ≈—° ®“°µâπ∑ÿπ¢“¬∑’Ë‡æ‘Ë¡¢÷Èπ 115.54 ≈â“π∫“∑ Õ¥§≈âÕßµ“¡√“¬‰¥â®“° ·µà≈–∏ÿ√°‘®¢â“ßµâπ∑’Ë‡æ‘Ë¡¢÷Èπ §à“„™â®à“¬¢“¬∫√‘À“√∑’Ë‡æ‘Ë¡¢÷Èπ 57.83 ≈â“π∫“∑À√◊Õ‡∑à“°—∫ 40% ®“°§à“„™â®à“¬°“√µ≈“¥·≈– àß‡ √‘¡°“√ ¢“¬„π∏ÿ√°‘®∑àÕ·≈–∏ÿ√°‘®πÈ”¥◊¡Ë „π¢≥–∑’¡Ë ¥’ Õ°‡∫’¬È ®à“¬∑’≈Ë ¥≈ß 73.54 ≈â“π∫“∑ À√◊Õ‡∑à“°—∫ 34% ®“°Àÿâπ°Ÿâ™ÿ¥„À¡à´÷Ëß¡’Õ—µ√“¥Õ°‡∫’È¬®à“¬∑’Ë ≈¥≈ß®“° 9% ‡À≈◊Õª√–¡“≥ 5%

The significant increase of revenues were from raw water business, which increased 82.6 mil ion baht or 7 % in accordance to increasing raw water sales in both industrial and domestic consumption, even though the water conservative campaign was implemented during the water crisis. Revenue from tap water business increased by 64.85 mil ion baht or 37 % due to tap water tariff adjustment according to the condition in the waterworks concession. The Company also experienced 51 % increase in tap water sales volume from expansion in new concession projects including the desalination for tap water production in Koh Samui, Sattahip tap water production capacity expansion to supply to Pattaya Waterworks, the O&M contract of tap water service for Egcom Tara Co.,Ltd., which is responsible for supplying tap water to Ratchaburi and Samut Songkhram provinces. In addition, the non-revenue water projects successfully reduce the average water leakage rate from 24% to 14% for waterworks under UUûs operation. In terms of drinking water, the Companyûs revenue increased by 87.91 mil ion baht from community water vending machine sales under which 2,816 vending machines were completely installed.

√“¬ß“πª√–®”ªï 2548

Management Discussion and Analysis of Eastern Water Resources Development and Management Public Company Limited 2. √“¬ß“π·≈–°“√«‘‡§√“–Àå¥â“π∞“π–°“√‡ß‘π (≥ 30 °—π¬“¬π 2548)

„πªï 2548 ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’ ‘π∑√—æ¬å√«¡ 8,108.90 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 1,013.45 ≈â“π∫“∑ §‘¥‡ªìπÕ—µ√“ √âÕ¬≈– 14 ‚¥¬¡’ °“√‡ª≈’Ë¬π·ª≈ß„π ‘π∑√—æ¬å∑’Ë ”§—≠‰¥â·°à °“√≈¥≈ß¢Õß‡ß‘π≈ß∑ÿπ ™—«Ë §√“« Õ¥§≈âÕß°—∫°“√‡æ‘¡Ë ¢÷πÈ ¢Õß ‘π∑√—æ¬å∂“«√®“°°“√≈ß∑ÿπ¢Õß ∫√‘…—∑œ·≈–∫√‘…—∑„π‡§√◊Õ‚¥¬‡©æ“–‡æ◊ËÕ·°â‰¢ªí≠À“ ∂“π°“√≥åπÈ” ·≈–°“√‡æ‘Ë¡¢÷Èπ¢Õß ‘π§â“§ß‡À≈◊Õ·≈–≈Ÿ°Àπ’È°“√§â“®“°°“√¢¬“¬ ∏ÿ√°√√¡¢Õß°≈ÿà¡∫√‘…—∑¬àÕ¬ ”À√—∫ à«π¢ÕßÀπ’È ‘π√«¡ª√–¡“≥ 4,091.98 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 566 ≈â“π∫“∑À√◊Õª√–¡“≥ 16% ®“°‡ß‘π °Ÿâ¬◊¡√–¬– —Èπ¢Õß ∫®.Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ·≈–°“√‡æ‘Ë¡¢÷Èπ¢Õß‡®â“ Àπ’ÈÕ◊Ëπ®“°°“√´◊ÈÕ ‘π∑√—æ¬å∂“«√ Õ¥§≈âÕß°—∫°“√¢¬“¬°“√≈ß∑ÿπ ¢Õß°≈ÿ¡à ∫√‘…∑— œ ”À√—∫ à«π¢ÕßºŸâ∂◊ÕÀÿâπ ¡’®”π«π 4,016.92 ≈â“π∫“∑ ‡æ‘Ë¡ ¢÷Èπ 446.88 ≈â“π∫“∑ “‡ÀµÿÀ≈—°®“°°“√‡æ‘Ë¡∑ÿπÀÿâπ “¡—≠ 444.14 ≈â“π∫“∑·≈–°”‰√ ÿ∑∏‘ª√–®”ªï 2548 ®”π«π 500.05 ≈â“π∫“∑ ‡¡◊ËÕ ÿ∑∏‘®“°‡ß‘πªíπº≈®à“¬ 486.90 ≈â“π∫“∑ ‚¥¬ ≥ 30 °—π¬“¬π 2548 ∫√‘…∑— œ ·≈–∫√‘…∑— ¬àÕ¬ ¡’‡ß‘π ¥·≈– √“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ª√–¡“≥ 335.76 ≈â“π∫“∑‡æ‘Ë¡¢÷Èπ 182.85 ≈â“π∫“∑ ‡π◊ÕË ß®“°‰¥â√∫— ‡ß‘π®“°°‘®°√√¡°“√¥”‡π‘πß“π 729.48 ≈â“π ∫“∑ ÿ∑∏‘°∫— °“√„™â‰ª„π°‘®°√√¡°“√≈ß∑ÿπ·≈–°“√®—¥À“‡ß‘π 130.59 ·≈– 416.04 ≈â“π∫“∑ µ“¡≈”¥—∫ ‚¥¬¡’°‘®°√√¡°“√‡ª≈’Ë¬π·ª≈ß∑’Ë ”§—≠§◊Õ °”‰√ ÿ∑∏‘ª√–®”ªï 2548 °“√‡æ‘Ë¡∑ÿπÀÿâπ “¡—≠ ·≈–°“√ ®”Àπà“¬‡ß‘π≈ß∑ÿπ√–¬– —πÈ ÿ∑∏‘°∫— ‡ß‘πªíπº≈®à“¬ °“√™”√–µ—«Î ‡ß‘π®à“¬ °“√≈ß∑ÿπ„π‚§√ß°“√‡æ◊ÕË ·°â‰¢ªí≠À“ ∂“π°“√≥åπÈ” ·≈–°“√¢¬“¬°“√ ≈ß∑ÿπ„π∏ÿ√°‘®ª√–ª“ ”À√—∫Õ—µ√“ à«π°“√‡ß‘π∑’ Ë ”§—≠ æ∫«à“ Õ—µ√“ à«πÀ≈—°Ê ¢Õß ∫√‘…—∑œ „π¿“æ√«¡¬—ß§ßÕ¬Ÿà„π‡°≥±å¥’ Õ“∑‘ Õ—µ√“ à«π°”‰√ ÿ∑∏‘µàÕ √“¬‰¥â√«¡ Õ¬Ÿà∑’Ë√âÕ¬≈– 24 ‚¥¬∫√‘…—∑œ ¡’Õ—µ√“º≈µÕ∫·∑πµàÕºŸâ∂◊Õ Àÿâπ·≈–º≈µÕ∫·∑πµàÕ ‘π∑√—æ¬å‡æ‘Ë¡¢÷Èπ‡ªìπ√âÕ¬≈– 13 ·≈–√âÕ¬≈– 7 µ“¡≈”¥—∫

The Companyûs total operational expense was 1,266.08 mil ion baht, a 183.86 mil ion baht increase or 17 % higher than 2004. This increase is in accordance to 115.54 mil ion baht higher expenses in relation to expanding revenue from subsidiariesû business. The Selling and administrative expenses increased by 57.38 mil ion baht or 40 % due to higher marketing and promotional expenses in the pipes and drinking water businesses. Interest expense meanwhile reduced by 73.54 mil ion baht or 34 % due to the issuance of new debentures, which offer lower interest of approximately 5 % compared to the 9 % earlier. 2. Financial Report and Analysis (as of September 30, 2005)

In 2005, the Company and its subsidiaries have 8,108.90 mil ion baht of consolidated assets, representing an increase of 1,013.45 mil ion baht or 14 %. Significant changes in assets include the reduction of short term investment in accordance with the increase of fixed assets of the Company and its subsidiariesû investment made to alleviate the water shortage problem, and the increase of inventory and account receivables from its subsidiariesû higher business transactions. Total debts were 4,091.98 mil ion baht, representing an increase by 566 mil ion baht or 16 %, from short-term loans of Eastern Hobas Pipe Co., Ltd. and increase of accounts payable from fixed assets acquisition under the Companyûs investment expansion plan. The shareholdersû equity amounted to 4,016.92 mil ion baht, a 446.88 mil ion baht increase, mainly from the balance of an increase of ordinary shares worth 444.14 mil ion baht and the 500.05 mil ion baht net profit for the year 2005, and the dividend payments of 486.90 mil ion baht. As of September 30, 2005, the Company and its subsidiaries reported cash and cash equivalents of approximately 335.76 mil ion baht, a 182.85 mil ion baht increase, from operating activities which rose 729.48 mil ion baht, net from investing activities and financing activities of 130.59 mil ion baht and 416.04 mil ion baht, respectively. The significant activity changes were 2005 net profit, increase in capital increase from ordinary shares issuance and the disposal of short-term investment, net with the paid dividend, the repayment of the dued Bil of Exchange, investment in water shortage solution project and tap water investment expansion. The Companyûs overall significant financial ratios remained strong. For example, net profit to total revenue ratio was at 24 %, meanwhile, the Companyûs ROE and ROA also improved to 13 % and 7 %, respectively.

√“¬ß“πª√–®”ªï 2548

‚§√ß √â“ß√–∫∫°“√®—¥°“√ ‡æ◊ËÕ°“√§«∫§ÿ¡¿“¬„π The Structure of Management System for Internal Control

√“¬ß“πª√–®”ªï 2548

∫ÿ§≈“°√ Personal

≥ «—π∑’Ë 30 °—π¬“¬π 2548 ∫√‘…∑— œ ¡’æπ—°ß“π∑—ßÈ ‘πÈ 93 §π √“¬≈–‡Õ’¬¥‚¥¬ √ÿª ¥—ßπ’È ”π—°°√√¡°“√ºŸâÕ”π«¬°“√„À≠à ·≈–√Õß°√√¡°“√ºŸâÕ”π«¬°“√„À≠à ”π—°µ√«® Õ∫ ΩÉ“¬«“ß·ºπ‚§√ß°“√ ΩÉ“¬æ—≤π“∏ÿ√°‘®µàÕ‡π◊ËÕß »Ÿπ¬åªØ‘∫—µ‘°“√¡“∫µ“æÿ¥ »Ÿπ¬åªØ‘∫—µ‘°“√©–‡™‘ß‡∑√“ ΩÉ“¬°“√‡ß‘π·≈–∑√—æ¬“°√∫ÿ§§≈ ΩÉ“¬Õ”π«¬°“√

®”π«π ®”π«π ®”π«π ®”π«π ®”π«π ®”π«π ®”π«π ®”π«π

16 §π 5 §π 7 §π 6 §π 33 §π 11 §π 7 §π 8 §π

As of 30th September 2005, the company consisted of 93 employees which can be summarized as follows: Office of the President and Executive Vice President Internal Audit Department Project Planning Department Business Development Department Map Ta Pud Operation Center Chachoengsao Operation Center Finance and Human Resources Department Corporate Affairs Department

16 5 7 6 33 11 7 8

persons persons persons persons persons persons persons persons

√“¬ß“πª√–®”ªï 2548

°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ Good Corporate Governance ∫√‘…—∑œ ‡™◊ËÕ¡—Ëπ«à“°√–∫«π°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’‡ªìπ À—«„® ”§—≠„π°“√∫√√≈ÿ‡ªÑ“À¡“¬∑’Ë ”§—≠∑’Ë ÿ¥¢Õß∫√‘…—∑œ Õ—π‰¥â·°à °“√‡æ‘¡Ë ¡Ÿ≈§à“ Ÿß ÿ¥„Àâ·°àº∂Ÿâ Õ◊ Àÿπâ À≈—°°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’¢Õß ∫√‘…∑— œ ¡’«µ— ∂ÿª√– ß§å‡æ◊ÕË ¡ÿßà À«—ß„Àâ∫§ÿ ≈“°√∑ÿ°√–¥—∫ µ—ßÈ ·µà °√√¡°“√ ΩÉ“¬®—¥°“√ æπ—°ß“π ºŸâªØ‘∫—µ‘ß“π ¡∑∫ µ≈Õ¥®πæπ—°ß“π¢Õß ºŸ√â ∫— ®â“ß‰¥â¬¥÷ ∂◊ÕªØ‘∫—µ‘ ‡æ◊ËÕ„Àâ°“√¥”‡π‘πß“π‡ªìπ‰ªÕ¬à“ß ç‚ª√àß„ ´◊ËÕ —µ¬å √—∫º‘¥™Õ∫ ·≈– “¡“√∂·¢àß¢—π‰¥âé 1. π‚¬∫“¬‡°’Ë¬«°—∫°“√°”°—∫¥Ÿ·≈°‘®°“√

§≥–°√√¡°“√∫√‘…—∑œ √à«¡°—∫ΩÉ“¬®—¥°“√°”Àπ¥«‘ —¬∑—»πå (Vision) æ—π∏°‘® (Mission) ·≈–π‚¬∫“¬¢Õß∫√‘…∑— œ ‚¥¬§”π÷ß∂÷ßªí®®—¬ ·«¥≈âÕ¡ ·≈–À≈—°°“√°”°—∫¥Ÿ·≈°‘®°“√∑’¥Ë ’ ‡æ◊ÕË „Àâ°“√ªØ‘∫µ— ∑‘ ‡’Ë ªìπ‡≈‘» ¡’æ—≤π“°“√Õ¬à“ßµàÕ‡π◊ËÕß À≈—°°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’π’È‰¥â√—∫°“√ ∑∫∑«π§√—Èß≈à“ ÿ¥‡¡◊ËÕ‡¥◊Õπ¡’π“§¡ 2548 ‡æ◊ËÕ§«“¡‡À¡“– ¡·≈– ∑—π ¡—¬ ‚¥¬∂◊Õ‡ªìππ‚¬∫“¬ ·≈–«‘π¬— Õ¬à“ßÀπ÷ßË ∑’∫Ë §ÿ ≈“°√¢Õß∫√‘…∑— œ µâÕß√—∫∑√“∫∑”§«“¡‡¢â“„®·≈–ªØ‘∫—µ‘„Àâ Õ¥§≈âÕß°—∫π‚¬∫“¬ ·≈– ®√√¬“∫√√≥µà“ßÊ „πÀ≈—°°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’Õ¬à“ß ¡Ë”‡ ¡Õ

Good corporate governance is key to achieving the ultimate business goals - creating the highest value to its shareholders. It is aimed to encourage the companyûs personnel across all levels from directors, management and operational level, to employees of our contractors to work under the same guideline to ensure çtransparent, honest, responsible and competitiveé manner. 1. Good Corporate Governance Policy

The companyûs Board of Directors and management have jointly set forth clearly vision, mission and policy by taking into consideration concerned factors and good corporate governance principles in order to ensure best practice and continuous development. The Good Corporate Governance Policy was reviewed in March 2005 to maintain its relevance to time and changing circumstances. It is considered a policy and disciplines that East W aterûs personnel in all levels are to recognize, understand and consistently follow. 2. Shareholdersû Rights

2. ‘∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπ

In 2005, the company held one general shareholdersû meeting and one extraordinary shareholdersû meeting. Shareholdersû meeting invitations were sent to shareholders at least 14 days prior to the meeting date and clearly stated registration time and meeting agenda for the shareholders to clearly understand and make the right decision to protect their rights and benefits. The company has continuously increased shareholdersû choices by assigning independent directors to represent the shareholders who cannot attend the meeting.

„πªï 2548 ∫√‘…—∑¡’°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ∑—ÈßÀ¡¥ 2 §√—Èß ·∫àß ‡ªìπ°“√ª√–™ÿ¡ “¡—≠ª√–®”ªï 2547 1 §√—ßÈ ·≈–«‘ “¡—≠ 1 §√—ßÈ ∫√‘…∑— œ àßÀπ—ß ◊Õ‡™‘≠ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ„Àâ∑√“∫≈à«ßÀπâ“‰¡àπâÕ¬°«à“ 14 «—π Àπ—ß ◊Õ‡™‘≠ª√–™ÿ¡ºŸ∂â Õ◊ Àÿπâ ¡’°“√°”Àπ¥‡«≈“≈ß∑–‡∫’¬π °”Àπ¥°“√ ª√–™ÿ¡ ·≈–√–‡∫’¬∫«“√–°“√ª√–™ÿ¡Õ¬à“ß§√∫∂â«π ™—¥‡®π ‡æ◊ÕË „Àâº∂Ÿâ Õ◊ Àÿπâ ∑”§«“¡‡¢â“„®‰¥âÕ¬à“ß§√∫∂â«π ‡æ◊ÕË ‘∑∏‘ª√–‚¬™πå·≈–«‘®“√≥≠“≥∑’Ë ‡À¡“– ¡„π°“√ÕÕ°‡ ’¬ß πÕ°®“°π’∫È √‘…∑— ‰¥â¥”‡π‘π°“√Õ¬à“ßµàÕ‡π◊ÕË ß „π°“√‡æ‘Ë¡∑“ß‡≈◊Õ°„Àâ°—∫ºŸâ∂◊ÕÀÿâπ‚¥¬„Àâ°√√¡°“√Õ‘ √–‡ªìπºŸâ√—∫¡Õ∫ Õ”π“®®“°ºŸâ∂◊ÕÀÿâπ„π°√≥’∑’ËºŸâ∂◊ÕÀÿâπ‰¡à “¡“√∂‡¢â“√à«¡ª√–™ÿ¡‰¥â 3. Stakeholdersû Rights The company sets clearly its principles focusing on the 3. ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬°≈ÿà¡µà“ßÊ companyûs responsibility and equal treatment on all stakeholders. ∫√‘…∑— œ °”Àπ¥ª√—™≠“°“√∑”ß“π‚¥¬¡ÿßà ‡πâπ§«“¡√—∫º‘¥™Õ∫ They include: - Responsibility towards shareholders through appropriate ·≈–°“√ªØ‘∫µ— Õ‘ ¬à“ß‡ ¡Õ¿“§‡ªìπ∑’πË “à ‡™◊ÕË ∂◊ÕµàÕºŸ¡â ª’ √–‚¬™πå√«à ¡ ¥—ßπ’È - §«“¡√—∫º‘¥™Õ∫µàÕºŸâ∂◊ÕÀÿâπ‚¥¬§”π÷ß∂÷ß°“√≈ß∑ÿπ„Àâº≈ and fair returns on investment and stable financial condition for µÕ∫·∑π∑’‡Ë À¡“– ¡·≈–¬ÿµ∏‘ √√¡ √—°…“ ∂“π¿“æ∑“ß°“√‡ß‘π„Àâ¡ ’ ¿“«– constant growth - Responsibility towards customers through management ¡—Ëπ§ß ‡æ◊ËÕª√–‚¬™πåµàÕ§«“¡§ßÕ¬Ÿà·≈–‡®√‘≠‡µ‘∫‚µ - §«“¡√—∫º‘¥™Õ∫µàÕ≈Ÿ°§â“ ¥â«¬°“√®—¥°“√·≈–æ—≤π“ of water resources and provision of product development and ∑√—æ¬“°√πÈ”·≈–º≈‘µ¿—≥±å µ≈Õ¥®π∫√‘°“√µà“ßÊ∑’Ë¡’§ÿ≥¿“æ ·≈– management, quality service and customer satisfaction - Responsibility towards employees through respect of √â“ß§«“¡æ÷ßæÕ„® Ÿß ÿ¥·°à≈Ÿ°§â“ employeesû legal rights, provision of safe and pleasant work

√“¬ß“πª√–®”ªï 2548

- §«“¡√—∫º‘¥™Õ∫µàÕæπ—°ß“π ‚¥¬„Àâ§«“¡‡§“√æµàÕ ‘∑∏‘µ“¡ °ÆÀ¡“¬¢Õßæπ—°ß“π∑ÿ°§π ®—¥„Àâ¡ ’ ¿“æ·«¥≈âÕ¡¢Õß°“√∑”ß“π∑’¥Ë ’ ª≈Õ¥¿—¬ «— ¥‘°“√∑’¥Ë ·’ ≈– ¿“æ°“√®â“ß∑’¬Ë µÿ ∏‘ √√¡ ‡À¡“– ¡°—∫ ¿“«– µ≈“¥ àß‡ √‘¡°“√„™â∑√—æ¬“°√∫ÿ§§≈Õ¬à“ß¡’§à“∑’Ë ÿ¥ - §«“¡√—∫º‘¥™Õ∫µàÕºŸ∑â ¡’Ë §’ «“¡ —¡æ—π∏å∑“ß∏ÿ√°‘® ‚¥¬æ¬“¬“¡ √â“ß§«“¡ —¡æ—π∏å∑®’Ë –°àÕ„Àâ‡°‘¥ª√–‚¬™πå ßŸ ÿ¥√à«¡°—π∑—ßÈ °—∫ºŸ√â ∫— ‡À¡“ ºŸâ®—¥À“ ·≈–ºŸâ√à«¡∑ÿπ¿“¬„µâ°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ - §«“¡√—∫º‘¥™Õ∫µàÕ —ß§¡·≈– ‘Ëß·«¥≈âÕ¡ ‚¥¬¥”‡π‘π∏ÿ√°‘® ∑’Ë¡’§«“¡√—∫º‘¥™Õ∫µàÕ —ß§¡ ‡§“√æ·≈–ªØ‘∫—µ‘µ“¡°ÆÀ¡“¬·≈–¢âÕ ∫—ß§—∫∑’Ë‡°’Ë¬«¢âÕß ‡æ◊ËÕª°ªÑÕßº≈°√–∑∫„¥Ê∑’Ë°àÕ„Àâ‡°‘¥§«“¡ Ÿ≠‡ ’¬ µàÕ™’«‘µ·≈–∑√—æ¬ ‘π¢Õß∫ÿ§≈“°√ ™ÿ¡™π ·≈– ‘Ëß·«¥≈âÕ¡ 4. °“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ

°“√ª√–™ÿ¡ºŸ∂â Õ◊ Àÿπâ ª√–®”ªï 2547 ¡’§≥–°√√¡°“√∫√‘…∑— œ ‡¢â“ √à«¡ª√–™ÿ¡∑—ßÈ ‘πÈ 8 ∑à“π´÷ßË √«¡∂÷ßª√–∏“π°√√¡°“√ ª√–∏“π°√√¡°“√ µ√«® Õ∫ ª√–∏“π°√√¡°“√ √√À“ „π·µà≈–√–‡∫’¬∫«“√– ª√–∏“π °√√¡°“√ºŸ∑â ”Àπâ“∑’ªË √–∏“π„π∑’ªË √–™ÿ¡ ‡ªî¥‚Õ°“ „Àâº∂Ÿâ Õ◊ Àÿπâ ¡’ ∑‘ ∏‘„π °“√µ√«® Õ∫°“√¥”‡π‘πß“π¢Õß∫√‘…∑— Õ∫∂“¡ · ¥ß§«“¡§‘¥‡ÀÁπ ·≈–¢âÕ‡ πÕ·π–µà“ßÊ Õ¬à“ß‡∑à“‡∑’¬¡°—π ·≈–·®âßº≈°“√≈ß§–·ππ „π·µà≈–√–‡∫’¬∫«“√–°“√ª√–™ÿ¡„Àâ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ∑√“∫Õ¬à“ß‰¡à ‡ªìπ∑“ß°“√°àÕπ ‘πÈ ÿ¥°“√ª√–™ÿ¡ ‚¥¬„π√“¬ß“π°“√ª√–™ÿ¡ºŸ∂â Õ◊ Àÿπâ ®–∫—π∑÷°¡µ‘∑’Ëª√–™ÿ¡∑’Ë™—¥‡®π ·≈–√–∫ÿº≈°“√≈ß§–·ππÕ¬à“ß‡ªìπ ∑“ß°“√ ∑—Èßª√–‡¿∑‡ÀÁπ¥â«¬ ‰¡à‡ÀÁπ¥â«¬ À√◊Õß¥ÕÕ°‡ ’¬ß „π·µà≈– √–‡∫’¬∫«“√–°“√ª√–™ÿ¡ 5. ¿“«–ºŸâπ”·≈–«‘ —¬∑—»πå

environment, sound employeesû benefits, fair employment conditions relevant to current market conditions, and the best human resource management - Responsibility towards business partners through strong relationship that brings the best benefits to contractors, suppliers and joint venture partners under good corporate governance practice - Responsibility towards society and environment through social responsible operation and full respect of laws and regulations to prevent any possible effects that may cause loss to life and property of communities, people and environment 4. Shareholdersû meetings

Eight company directors attended 2004 annual shareholdersû meeting, including the Chairman of the Board, Chairman of the Audit Committee and the Chairman of the Nomination Committee. The Chairman of the Board acted as the chairman of the meetings and allowed shareholders full and equal opportunity to review the companyûs operation, to raise questions and to express opinions to the meetings. Unofficial voting results of each agenda was reported clearly and openly to the meetings before the meeting adjourned. The meetings were also recorded in a complete manner and full details including the meetingûs decision, all official voting results including agree, disagree and abstain. 5. Leadership and Vision

The companyûs Board of Directors plays a crucial role in setting vision, policy and strategic plans including setting corporate plan every three years. Annually, the companyûs management proposes strategies, activities, operation plans and budget to the Board of Directors for consideration and approval. The management also submits report on annual operation plan progress and problems to the Board of Directors in monthly meeting. Investment project which exceeds 20 mil ion baht has to be approved by the Board of Directors.

§≥–°√√¡°“√∫√‘…—∑œ ¡’∫∑∫“∑ ”§—≠¬‘Ëß„π°“√°”Àπ¥«‘ —¬ ∑—»πå π‚¬∫“¬ ·≈–·ºπ°≈¬ÿ∑∏å¢Õß∫√‘…∑— œ ‚¥¬°“√°”Àπ¥·ºπ∏ÿ√°‘® √–¬–¬“« (Corporate Plan) ∑ÿ° Ê 3 ªï ”À√—∫°“√¥”‡π‘π°“√„π·µà≈–ªï ΩÉ“¬®—¥°“√¢Õß∫√‘…—∑œ ‰¥âπ”‡ πÕ°≈¬ÿ∑∏å ·≈–°‘®°√√¡µà“ßÊ µàÕ §≥–°√√¡°“√∫√‘…—∑œ ‡æ◊ËÕæ‘®“√≥“„Àâ§«“¡§‘¥‡ÀÁπ ·≈–Õπÿ¡—µ‘ °”Àπ¥·ºπªØ‘∫—µ‘°“√√«¡∂÷ßß∫ª√–¡“≥§à“„™â®à“¬√“¬ªï πÕ°®“°π’È ΩÉ“¬®—¥°“√¥”‡π‘π°“√√“¬ß“π§«“¡§◊∫Àπâ“¢Õß·ºπªØ‘∫µ— °‘ “√ª√–®”ªï Õÿª √√§ªí≠À“∑’Ë ”§—≠ „π°“√ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑œ ª√–®” ‡¥◊Õπ √«¡∂÷ß°“√π”‡ πÕ„Àâ§≥–°√√¡°“√∫√‘…—∑œ æ‘®“√≥“Õπÿ¡—µ‘ 6. Conflict of Interests Connected transactions between the company and its ®—¥®â“ß‚§√ß°“√≈ß∑ÿπ∑’Ë ”§—≠¡Ÿ≈§à“µ—Èß·µà 20 ≈â“π∫“∑ ¢÷Èπ‰ª subsidiaries or suppliers and contractors are reviewed and approved transparently and carefully. The company bases its 6. §«“¡¢—¥·¬âß¢Õßº≈ª√–‚¬™πå √“¬°“√√–À«à“ß°—π¢Õß∫√‘…∑— œ ·≈–∫√‘…∑— „π‡§√◊Õ √«¡∂÷ß∫√‘…∑— consideration on the same price structure and conditions as ·≈–ºŸ¡â º’ ≈ª√–‚¬™πå√«à ¡µà“ßÊ ®–ºà“π¢—πÈ µÕπ°“√æ‘®“√≥“ Õπÿ¡µ— Õ‘ ¬à“ß those applied to its business partners. Connected transactions are reported in the annual report and the Disclosure Report

∂Ÿ°µâÕß ™—¥‡®π ‚¥¬„™â ‚§√ß √â“ß√“§“ ·≈–‡ß◊ËÕπ‰¢ ‡™àπ‡¥’¬«°—∫§Ÿà§â“ √“¬Õ◊πË Ê ¢Õß∫√‘…∑— œ ‚¥¬‰¥â‡ªî¥‡º¬√“¬≈–‡Õ’¬¥√“¬°“√√–À«à“ß°—π‰«â„π √“¬ß“πª√–®”ªï ·≈–·∫∫ 56-1 ·≈â« πÕ°®“°π’§È ≥–°√√¡°“√∫√‘…∑— œ ·≈–ΩÉ“¬®—¥°“√ „π°“√ª√–™ÿ¡§≥–°√√¡°“√∫√‘…∑— œ ª√–®”‡¥◊Õπ °”Àπ¥ „Àâ¡°’ “√√“¬ß“π°“√∂◊Õ§√ÕßÀ≈—°∑√—æ¬å¢Õß§≥–°√√¡°“√∫√‘…∑— œ ·≈– ΩÉ“¬®—¥°“√ Õ¬à“ß ¡Ë”‡ ¡Õ ‡ªìπª√–®”∑ÿ°§√—Èß 7. ®√‘¬∏√√¡∏ÿ√°‘®

πÕ°®“°°“√ª√–°“»„™â çÀ≈—°°”°—∫¥Ÿ·≈°‘®°“√∑’¥Ë ¢’ Õß∫√‘…∑— ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ°é ·≈â« ∫√‘…∑— œ ¬—ß®—¥∑” ·≈–ª√–°“»„™â ç®√√¬“∫√√≥∑“ß∏ÿ√°‘®¢Õßæπ—°ß“πé ‚¥¬ √ÿªÀ≈—° °”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’¢Õß∫√‘…—∑œ ”À√—∫æπ—°ß“π „Àâ‡¢â“„®‰¥âßà“¬ “¡“√∂ªØ‘∫µ— ‘‰¥âÕ¬à“ß∂Ÿ°µâÕß‡À¡“– ¡ ·≈–°”Àπ¥„Àâæπ—°ß“π∑ÿ°§π ≈ßπ“¡√—∫∑√“∫ √«¡∑—Èß®—¥°“√Õ∫√¡À≈—°∏√√¡“¿‘∫“≈„Àâ°—∫æπ—° ß“π„À¡à ·≈–®—¥‚§√ß°“√ àß‡ √‘¡§«“¡√Ÿ§â «“¡‡¢â“„®¥â“πÀ≈—°∏√√¡“¿‘ ∫“≈„Àâ·°àæπ—°ß“πÕ¬à“ßµàÕ‡π◊ËÕß

√“¬ß“πª√–®”ªï 2548

Form 56-1. The companyûs Board of Directors and management agreed in a monthly Board of Directorsû meeting that members of the Board of Directors and the companyûs management have to regularly submit their assets report in the meeting. 7. Business Ethics

In addition to the implementation of çGood Corporate Governance Principles of the Eastern Water Resources Development and Management Public Company Limitedé, the company also introduces the çEmployeesû Business Ethicsé which digests good corporate governance principles for its employees to easily understand and strictly follow. Employees are required to acknowledge by signing the Employeesû Business Ethics document. The company arranges trainings on good corporate governance for new employees and continuously organizes programs promoting good understanding of the issue. 8. Balance of Power for Non-Executive Directors

8. °“√∂à«ß¥ÿ≈¢Õß°√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√

In 2005, the companyûs Board of Directors comprises „πªï 2548 §≥–°√√¡°“√∫√‘…∑— œ ¡’®”π«π 11 ∑à“πª√–°Õ∫¥â«¬ 11 members including - 1 executive director - §≥–°√√¡°“√∑’Ë‡ªìπºŸâ∫√‘À“√ 1 ∑à“π - 4 non-executive directors - §≥–°√√¡°“√∑’Ë‰¡à‡ªìπºŸâ∫√‘À“√ 4 ∑à“π - 6 independent non-executive directors - §≥–°√√¡°“√∑’Ë‡ªìπÕ‘ √– 6 ∑à“π (one third of total board of director members) ( §‘¥‡ªìπ√âÕ¬≈– 2 „π 3 ¢Õß§≥–°√√¡°“√∑—ÈßÀ¡¥ )

9. °“√√«¡À√◊Õ·¬°µ”·Àπàß

9. Aggregation or Segregation of Positions

§≥–°√√¡°“√∫√‘…∑— œ ¡ÿßà ‡πâπ§«“¡‚ª√àß„ „π°“√¥”‡π‘π∏ÿ√°‘® °√–®“¬Õ”π“®°“√µ—¥ ‘π„® ·∫àßÕ”π“®°“√°≈—Ëπ°√Õß ·≈–°“√ æ‘®“√≥“Õπÿ¡µ— Õ‘ ¬à“ß™—¥‡®π ‚¥¬ª√–∏“π°√√¡°“√∫√‘…∑— œ ‰¡à‡ªìπ∫ÿ§§≈ ‡¥’¬«°—∫°√√¡°“√ºŸâÕ”π«¬°“√„À≠à √«¡∑—Èß ¡“™‘°§≥–°√√¡°“√ µ√«® Õ∫‡ªìπ§≥–°√√¡°“√∑’Ë ‰¡à¡’Õ”π“®≈ßπ“¡Õπÿ¡—µ‘ºŸ°æ—π°—∫ ∫√‘…∑— œ ‰¡à¡ ’ «à π‰¥â‡ ’¬„π¥â“π°“√‡ß‘π ·≈–°“√∫√‘À“√ß“π¢Õß∫√‘…∑— œ √«¡∂÷ß∫√‘…—∑„π‡§√◊Õ

The companyûs Board of Directors gives high importance to transparency and decentralized decision making under which screening and approving processes are clearly separated. The companyûs Chairman of the Board is not the same person as the President and CEO. Members of the Audit Committee are neither authorized to sign any legally-binding documents on behalf of the company nor involved in financial and administrative interest of the company and its subsidiaries.

10. §à“µÕ∫·∑π¢Õß°√√¡°“√·≈–ºŸâ∫√‘À“√

10. Remuneration of Directors and the Management

§à“µÕ∫·∑π¢Õß°√√¡°“√·≈–ºŸ∫â √‘À“√‡ªìπ‰ªµ“¡À≈—°°“√·≈– π‚¬∫“¬∑’Ë§≥–°√√¡°“√∫√‘…—∑œ °”Àπ¥ ‚¥¬§≥–°√√¡°“√°”Àπ¥ §à“µÕ∫·∑π‡ªìπºŸæâ ®‘ “√≥“·≈–π”‡ πÕÕ—µ√“§à“µÕ∫·∑π∑’‡Ë À¡“– ¡µàÕ §≥–°√√¡°“√∫√‘…—∑œ ‡æ◊ËÕæ‘®“√≥“·≈–Õπÿ¡—µ‘ „πªï 2548 ∫√‘…—∑œ ®à“¬§à“µÕ∫·∑πµà“ßÊ„Àâ§≥–°√√¡°“√·≈–ºŸâ∫√‘À“√ √ÿª‰¥â¥—ßπ’È

Remuneration rate for the Board of Directors and executives is in line with the principle and policy earlier set by the companyís Board of Directors. The Remuneration Committee considers and proposes rates to the Board of Directors for consideration and approval. In 2005, remuneration paid to directors and executives are as follows:

√“¬ß“πª√–®”ªï 2548

10.1 Remuneration in the form of cash

10.1 §à“µÕ∫·∑π∑’Ë‡ªìπµ—«‡ß‘π

µ”·Àπàß Position §≥–°√√¡°“√∫√‘…—∑œ Board of Directors §≥–°√√¡°“√µ√«® Õ∫ Audit Committee §≥–°√√¡°“√≈ß∑ÿπ·≈–∫√‘À“√§«“¡‡ ’Ë¬ß Investment and Risk Management Committee §≥–°√√¡°“√æ‘®“√≥“§à“µÕ∫·∑π Remuneration Committee §≥–°√√¡°“√ √√À“ Nomination Committee ºŸâ∫√‘À“√ Management

®”π«π (§π) Number (Person) 11

‡∫’È¬ª√–™ÿ¡ (∫“∑) Directorsû fee (Baht) 884,750.00

ªïß∫ª√–¡“≥ 2548 The fiscal year 2005 §à“µÕ∫·∑π√“¬‡¥◊Õπ ‚∫π— (∫“∑) (∫“∑) Monthly salary Bonus (Baht) (Baht) 4,930,600.00 5,354,166.67

√«¡ (∫“∑) Total (Baht) 11,169,516.67

90,000.00

1,425,000.00

1,515,000.00

40,000.00

1,560,000.00

1,600,000.00

30,000.00

960,000.00

990,000.00

45,000.00

880,000.00

925,000.00

36,000.00

18,873,298.00

10.2 §à“µÕ∫·∑πÕ◊Ëπ

18,909,298.00

10.2 Other Remuneration

10.2.1 „∫ ”§—≠· ¥ß ‘∑∏‘„π°“√´◊ÈÕÀÿâπ “¡—≠ „πªïß∫ª√–¡“≥ 2547 ∫√‘…∑— œ ‰¥â®¥— √√„∫ ”§—≠· ¥ß ‘∑∏‘∑®’Ë – ´◊ÕÈ Àÿπâ “¡—≠¢Õß∫√‘…∑— œ ·≈–‡ πÕ¢“¬„Àâ·°àæπ—°ß“π °√√¡°“√ ·≈– ∑’Ëª√÷°…“¢Õß∫√‘…—∑œ ®”π«π 5,000,000 Àπà«¬ ¡Ÿ≈§à“Àπà«¬≈– 10 ∫“∑ ´÷Ëß„π√–À«à“ßªï 2548 ‰¥â¡’°“√„™â ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠¢Õß∫√‘…—∑œ ·≈â« ª√–¡“≥°÷ËßÀπ÷Ëß ≥ «—π∑’Ë 30 °—π¬“¬π 2548 ¡’®”π«π„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë¬—ß ¡‘‰¥â¡’„™â ‘∑∏‘ ®”π«π 25,313,000 Àπà«¬ ¡Ÿ≈§à“Àπà«¬≈– 1 ∫“∑ 10.2.2 °“√®à“¬‡ß‘π ¡∑∫„π°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ „πªïß∫ª√–¡“≥ 2548 ‘Èπ ÿ¥ ≥ «—π∑’Ë 30 °—π¬“¬π 2548 ∫√‘…—∑œ ‰¥â®à“¬‡ß‘π ¡∑∫°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ„Àâ·°àºŸâ∫√‘À“√¢Õß ∫√‘…—∑œ ®”π«π 9 √“¬ ‡ªìπ®”π«π 1,201,514 ∫“∑

10.2.1 Share warrants In the fiscal year 2004, the Company allocated 5,000,000 units of share warrants, at 10 baht par value, to offer to its employees, directors and consultants. In 2005, half of the warrants were exercised. As of September 30, 2005, the total number of share warrants which has not yet been exercised is 25,313,000 units at 1 baht par value. 10.2.2 The Companyûs Contribution to the Provident Fund In the fiscal year 2005, ending September 30, 2005, the Company paid 1,201,514 baht contribution to the Provident Fund for 9 directors.

11.°“√ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑œ

11. Board of Directorsû Meetings

§≥–°√√¡°“√∫√‘…∑— œ ¡’°”Àπ¥ª√–™ÿ¡ª√–®”‡¥◊Õπ‚¥¬ª°µ‘ „π™à«ß —ª¥“Àå∑’Ë 3 À√◊Õ 4 ¢Õß‡¥◊Õπ °√√¡°“√ºŸÕâ ”π«¬°“√„À≠à∑”Àπâ“∑’Ë ‡ªìπ‡≈¢“πÿ°“√§≥–°√√¡°“√∫√‘…∑— œ ‰¥â¡À’ π—ß ◊Õ‡™‘≠ª√–™ÿ¡æ√âÕ¡√–‡∫’¬∫ «“√–°“√ª√–™ÿ¡ ·≈–‡Õ° “√∑’Ë‡æ’¬ßæÕ°àÕπ°“√ª√–™ÿ¡≈à«ßÀπâ“ ‡æ◊ËÕ „Àâ§≥–°√√¡°“√∫√‘…—∑œ ‰¥â¡’‡«≈“»÷°…“¢âÕ¡Ÿ≈°àÕπ‡¢â“ª√–™ÿ¡ „π ªïß∫ª√–¡“≥ 2548 §≥–°√√¡°“√¡’°“√ª√–™ÿ¡√«¡∑—Èß ‘Èπ 12 §√—Èß ‚¥¬°“√‡¢â “ √à « ¡ª√–™ÿ ¡ ¢Õß§≥–°√√¡°“√∫√‘ …— ∑ œ ·µà ≈ –∑à “ π √ÿª‰¥â¥—ßπ’È

Board of Directorsû meeting is regularly scheduled in the third or fourth week of each month. The President & CEO acts as the secretary of the Board of Directors. Invitation letters, meeting agenda and sufficient documents are sent to the board members for their review prior to the meetings. In 2005, there were 12 Board of Directorsû meetings. Meeting attendance of the directors is as fol ows:

√“¬™◊ËÕ§≥–°√√¡°“√∫√‘…—∑ Name of Directors 1. π“¬ ÿ®√‘µ ªí®©‘¡π—π∑å 2 Mr. Sujarit Patchimnun 2. π“¬Õÿ∑‘» ∏√√¡«“∑‘π 2 Mr. Utis Thamvatin 3. ¡.√.«.∑ÕßπâÕ¬ ∑Õß„À≠à M.R. Tongnoi Tongyai 4. π“¬∫«√»—°¥‘Ï Õÿ«√√≥‚≥ 2 Mr. Borwornsak Uwanno 5. π“¬Õπÿ™“ ‚¡°¢–‡« 1 Mr. Anucha Mokkavesa 6. æ≈.µ.Õ. «‘ ÿ∑∏‘Ï °‘µµ‘«—≤πå 1 Pol.Gen. Visut Kittivatana 7. π“¬ª√–‡ √‘∞ ‡™◊ÈÕæ“π‘™ Mr. Prasert Chuaphanich 8. π“¬Õÿ∑—¬ ®—π∑‘¡“ 1,2 Mr. Somchai Bunnumsiri 9. π“¬ ¡™—¬ ∫ÿ≠π”»‘√‘ 2 Mr. Somchai Bunnumsiri 10. π“¬ ¡π÷° °¬“«—≤π°‘® 2 Mr. Somnuk Kayawattanakij 11. π“¬«—π™—¬ À≈àÕ«—≤πµ√–°Ÿ≈ Mr. Wanchai Lawatanatrakul

√“¬ß“πª√–®”ªï 2548

µ”·Àπàß √à«¡ª√–™ÿ¡/°“√ª√–™ÿ¡∑—ÈßÀ¡¥ Position Number of Attendance/Total Meetings ª√–∏“π°√√¡°“√ 12/12 Chairman √Õßª√–∏“π°√√¡°“√ 11/12 Vice Chairman °√√¡°“√ 10/12 Director °√√¡°“√ 11/12 Director °√√¡°“√ 2/2 Director °√√¡°“√ 2/2 Director °√√¡°“√ 12/12 Director °√√¡°“√ 2/2 Director °√√¡°“√ 12/12 Director °√√¡°“√ 10/12 Director °√√¡°“√·≈–°√√¡°“√ºŸâÕ”π«¬°“√„À≠à 12/12 Director and President & CEO

À¡“¬‡Àµÿ 1. ·µàßµ—Èß„À¡à„π°“√ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑œ §√—Èß∑’Ë 8/2548 «—π∑’Ë 10 ‘ßÀ“§¡ 2548 2. °√√¡°“√Õ‘ √–

12. §≥–°√√¡°“√™ÿ¥µà“ßÊ

§≥–°√√¡°“√∫√‘…∑— œ ‰¥â·µàßµ—ßÈ §≥–°√√¡°“√™ÿ¥¬àÕ¬ ∑’¡Ë §’ «“¡ ™”π“≠‡À¡“– ¡ ‡æ◊ÕË ™à«¬»÷°…“ °≈—πË °√Õßß“π∑’Ë‰¥â√∫— ¡Õ∫À¡“¬„Àâ¡’ §«“¡∂Ÿ°µâÕß ™—¥‡®π ·≈– ¡∫Ÿ√≥å‡∫◊ÕÈ ßµâπ °àÕππ”‡ πÕ§≥–°√√¡°“√ ∫√‘…∑— œ‡ªìπºŸæâ ®‘ “√≥“Õπÿ¡µ— ‡‘ ÀÁπ™Õ∫À√◊Õ√—∫√Õß·≈â«·µà°√≥’§≥–°√√¡°“√ ™ÿ¥µà“ßÊ ∑’Ë‰¥â√∫— °“√·µàßµ—ßÈ ‡æ‘¡Ë ‡µ‘¡®“°§≥–°√√¡°“√∫√‘…∑— œ ¡’¥ß— π’È 12.1 §≥–°√√¡°“√µ√«® Õ∫ ¡’Àπâ“∑’ËÀ≈—°„π°“√æ‘®“√≥“ ·≈– Õ∫∑“π§«“¡∂Ÿ°µâÕß·≈–§«“¡πà“‡™◊ÕË ∂◊Õ„πß∫°“√‡ß‘π¢Õß∫√‘…∑— œ °àÕππ”‡ πÕµàÕ§≥–°√√¡°“√∫√‘…∑— œ„Àâ§«“¡‡ÀÁπ™Õ∫„π‡∫◊ÕÈ ßµâπ‡°’¬Ë «°—∫ °“√·µàßµ—ßÈ ·≈–°”Àπ¥§à“µÕ∫·∑π¢ÕßºŸ â Õ∫∫—≠™’ ∑∫∑«π·≈–„Àâ§” ·π–π”¥â“π°“√ª√–‡¡‘πª√– ‘∑∏‘º≈¢Õß√–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…∑— œ √«¡∑—ßÈ °“√ªØ‘∫µ— µ‘ “¡°ÆÀ¡“¬µà“ßÊ „πªï 2548 §≥–°√√¡°“√µ√«® Õ∫¡’°“√ª√–™ÿ¡ ¡Ë”‡ ¡Õª√–®”‰µ√¡“ √«¡ 4 §√—Èß ‚¥¬°“√‡¢â“ √à«¡ª√–™ÿ¡¢Õß§≥–°√√¡°“√µ√«® Õ∫·µà≈–∑à“π √ÿª‰¥â¥—ßπ’È

Remarks : 1. Appointed in the 8/2548 meeting on August 10, 2005 2. Independent non-executive directors

12. Committees

The Board of Directors appointed specialized committees to help study and screen the work and ensure its accuracy, clarity and completion before submitting to the Board of Directors for approval or certification. The appointed committees are as follows: 12.1 Audit Committee The Audit Committee is mainly responsible for considering and auditing the companyûs financial reports to ensure accuracy and credibility before submitting to the Board of Directors, approving the appointment and remuneration of the auditors, and reviewing and consulting on internal control system efficiency and operation in compliance with the law. In 2005, the Audit Committee held 4 quarterly meetings. Meeting attendance of committee members is as follows:

√“¬ß“πª√–®”ªï 2548

√“¬™◊ËÕ§≥–°√√¡°“√µ√«® Õ∫ Name of The Audit Committee π“¬∫«√»—°¥‘Ï Õÿ«√√≥‚≥ Mr. Borwornsak Uwanno π“¬‰°√ƒ∑∏‘Ï Õÿ™ÿ°“ππ∑å™—¬* Mr. Krairit Euchukanonchai π“ßÕ—≠™≈’ ™«π‘µ¬å* Mrs. Anchalee Chavanich π“¬Õÿ∑—¬ ®—π∑‘¡“** Mr. Uthai Juntima π“¬ ¡™—¬ ∫ÿ≠π”»‘√‘** Mr. Somchai Boonnamsiri π“ß≈’π“ ‡®√‘≠»√’ Mrs. Leena Charensri

µ”·Àπàß Position ª√–∏“π°√√¡°“√ Chairman °√√¡°“√ Director °√√¡°“√ Director °√√¡°“√ Director °√√¡°“√ Director ∑’Ëª√÷°…“°√√¡°“√ Advisor to The Audit Committee

√à«¡ª√–™ÿ¡/°“√ª√–™ÿ¡∑—ÈßÀ¡¥ Number of Attendance/Total Meetings 4/4 3/3 2/2 1/1 1/1 4/4

À¡“¬‡Àµÿ Remarks : * π“¬‰°√ƒ∑∏‘Ï Õÿ™°ÿ “ππ∑å™¬— , π“ßÕ—≠™≈’ ™«π‘µ¬å ≈“ÕÕ°®“°µ”·Àπàß * Mr. Krairit Euchukanonchai and Mrs. Anchalee Chavanich ** π“¬Õÿ∑—¬ ®—π∑‘¡“, π“¬ ¡™—¬ ∫ÿ≠π”»‘√‘ ‰¥â√—∫°“√·µàßµ—Èß„À¡à resigned ** Mr. Uthai Juntima and Mr. Somchai Bunnumsiri were appointed „π°“√ª√–™ÿ¡§√—Èß∑’Ë 4/48 «—π∑’Ë 8 ‘ßÀ“§¡ 2548 in the meeting on August 8, 2005

12.2 Corporate Governance Committee The company assigns its directors to sit in the Corporate Governance Committee to ensure full compliance with corporate governance standards and policy 12.3 Investment and Risk Management Committee The Committee is responsible for drafting investment policy both for its core and related businesses and risk management policy, reviewing the sufficiency of policy and risk management practice under the framework earlier approved by the Board of Directors, and screening planned investment projects before submitting them to the Board of Directors. In 2005, the committee organized 9 meetings. Meeting attendance of committee members is as follows: µ”·Àπàß √à«¡ª√–™ÿ¡/°“√ª√–™ÿ¡∑—ÈßÀ¡¥

12.2 §≥–°√√¡°“√∫√√…—∑¿‘∫“≈ ∫√‘…∑— œ °”Àπ¥„Àâ§≥–°√√¡ °“√∫√‘…∑— œ ¥”√ßµ”·Àπàß‡ªìπ§≥–°√√¡°“√∫√√…—∑¿‘∫“≈ ‡æ◊ÕË °“√°”°—∫ ¥Ÿ·≈°‘®°“√ Õ¥§≈âÕßµ“¡À≈—°°“√ªØ‘∫µ— ∑‘ ¥’Ë ¢’ Õß∫√√…—∑¿‘∫“≈Õ¬à“ß Ÿß ÿ¥ 12.3 §≥–°√√¡°“√≈ß∑ÿπ·≈–∫√‘À“√§«“¡‡ ’¬Ë ß ¡’Àπâ“∑’ÀË ≈—° „π°“√°”Àπ¥π‚¬∫“¬°“√≈ß∑ÿπ∑—Èß„π∏ÿ√°‘®À≈—°·≈–∏ÿ√°‘®µàÕ‡π◊ËÕß π‚¬∫“¬°“√∫√‘À“√§«“¡‡ ’Ë¬ß ∑∫∑«π§«“¡‡æ’¬ßæÕ¢Õßπ‚¬∫“¬ ·≈–«‘∏°’ “√∫√‘À“√§«“¡‡ ’¬Ë ß ¿“¬„µâ°√Õ∫°“√∫√‘À“√∑’§Ë ≥–°√√¡°“√ ∫√‘…—∑œ Õπÿ¡—µ‘·≈â« √«¡∂÷ß°“√°≈—Ëπ°√Õß‚§√ß°“√≈ß∑ÿπµ“¡·ºπß“π ¢Õß∫√‘…—∑œ °àÕππ”‡ πÕ§≥–°√√¡°“√∫√‘…—∑œ „πªï 2548 §≥– °√√¡°“√ ≈ß∑ÿπ·≈–∫√‘À“√§«“¡‡ ’¬Ë ß ¡’°“√ª√–™ÿ¡√«¡∑—ßÈ ‘πÈ 9 §√—ßÈ ‚¥¬°“√‡¢â“√à«¡ª√–™ÿ¡¢Õß§≥–°√√¡°“√≈ß∑ÿπ·≈–∫√‘À“√§«“¡ ‡ ’Ë¬ß·µà≈–∑à“π √ÿª‰¥â¥—ßπ’È √“¬™◊ËÕ§≥–°√√¡°“√≈ß∑ÿπ ·≈–∫√‘À“√§«“¡‡ ’Ë¬ß Name of The Investment and Risk Management Committee π“¬Õÿ∑‘» ∏√√¡«“∑‘π Mr. Utid Tamwatin π“¬ ¡™—¬ ∫ÿ≠π”»‘√‘ Mr. Somchai Bunnamsiri π“¬ ¡π÷° °¬“«—≤π°‘® Mr. Somnuk Kayavatanakij π“¬«—π™—¬ À≈àÕ«—≤πµ√–°Ÿ≈ Mr. Wanchai Lawatanatrakul

Position

Number of Attendance/Total Meetings

ª√–∏“π°√√¡°“√ Chairman °√√¡°“√ Director °√√¡°“√ Director °√√¡°“√/‡≈¢“πÿ°“√ Director/Secretary

9/9 9/9 9/9 9/9

√“¬ß“πª√–®”ªï 2548

12.4 Nomination Committee 12.4 §≥–°√√¡°“√ √√À“ ‡ªìπ§≥–°√√¡°“√∑’Ë‰¥â√∫— °“√·µàß Appointed by the Board of Directors, the Committee is µ—ßÈ ®“°§≥–°√√¡°“√∫√‘…∑— œ ‡æ◊ÕË ªØ‘∫µ— ¿‘ “√°‘®„π°“√ √√À“∫ÿ§§≈∑’Ë ‡À¡“– ¡„π°“√æ‘®“√≥“·µàßµ—ßÈ ‡ªìπ§≥–°√√¡°“√∫√‘…∑— ·≈–∫√‘…∑— „π‡§√◊Õ mainly responsible for seeking persons with qualifications appropriate „πªï 2548 §≥–°√√¡°“√ √√À“ ¡’°“√ª√–™ÿ¡®”π«π∑—Èß ‘Èπ 3 §√—Èß to be appointed as directors of the company and its subsidiar‚¥¬°“√‡¢â“√à«¡ª√–™ÿ¡¢Õß§≥–°√√¡°“√ √√À“·µà≈–∑à“π √ÿª‰¥â¥ß— π’È ies. In 2005, the Nomination Committee organized 3 meetings. Meeting attendance of committee members is as follows: √“¬™◊ËÕ§≥–°√√¡°“√ √√À“ µ”·Àπàß √à«¡ª√–™ÿ¡/°“√ª√–™ÿ¡∑—ÈßÀ¡¥ Name of The Nomination Committee Position Number of Attendance/Total Meetings π“¬ ÿ®√‘µ ªí®©‘¡π—π∑å ª√–∏“π°√√¡°“√ 3/3 Mr. Sujarit Patchimnun Chairman π“¬∫«√»—°¥‘Ï Õÿ«√√≥‚≥ °√√¡°“√ 3/3 Mr. Borwornsak Uwanno Director π“¬Õÿ∑‘» ∏√√¡«“∑‘π °√√¡°“√ 3/3 Mr. Utid Tamwatin Director π“¬ª√–‡ √‘∞ ‡™◊ÈÕæ“π‘™ °√√¡°“√ 2/2 Mr. Prasert Chuaphanich Director π“¬«—π™—¬ À≈àÕ«—≤πµ√–°Ÿ≈ ‡≈¢“πÿ°“√ 3/3 Mr. Wanchai Lawatanatrakul Secretary 12.5 Remuneration Committee 12.5 §≥–°√√¡°“√°”Àπ¥§à“µÕ∫·∑π ¡’Àπâ“∑’ËÀ≈—°„π°“√ The Committeeûs main responsibilities are to set remuneration °”Àπ¥π‚¬∫“¬®à“¬§à“µÕ∫·∑π·≈–º≈ª√–‚¬™πåÕπ◊Ë Ê √«¡∂÷ß®”π«π §à“µÕ∫·∑π·≈–®”π«π¢Õß§à“µÕ∫·∑π ·≈–º≈ª√–‚¬™πåÕπ◊Ë Ê ∑’Ë„Àâ·°à and benefits policy, including the amount of remuneration and §≥–°√√¡°“√∫√‘…∑— œ ∫√‘…∑— „π‡§√◊Õ ·≈–°√√¡°“√ºŸÕâ ”π«¬°“√„À≠à other benefits offered to the Board of Directors of the company °”Àπ¥·π«∑“ß°“√ª√–‡¡‘ π º≈ß“π¢Õß§≥–°√√¡°“√∫√‘‘ …— ∑ œ and its subsidiaries, and the companyûs President & CEO, as °√√¡°“√∫√‘…∑— „π‡§√◊Õ ·≈–°√√¡°“√ºŸÕâ ”π«¬°“√„À≠à √«¡∂÷ß„Àâ§«“¡ well as setting performance appraisal guideline. The Committee also provides opinion on operational structure and guidelines for ‡ÀÁπµàÕ‚§√ß √â“ß°“√∫√‘À“√ß“π √«¡∂÷ß‡°≥±å°“√·µàßµ—ßÈ ºŸ∫â √‘À“√√–¥—∫ executive appointment. In 2005, the Committee held two Ÿß¢Õß∫√‘…—∑œ „πªï 2548 §≥–°√√¡°“√°”Àπ¥§à“µÕ∫·∑π ¡’°“√ meetings. Meeting attendance of the committee members are ª√–™ÿ¡®”π«π∑—ßÈ ‘πÈ 2 §√—ßÈ ‚¥¬°“√‡¢â“√à«¡ª√–™ÿ¡¢Õß§≥–°√√¡°“√ as follows: °”Àπ¥§à“µÕ∫·∑π·µà≈–∑à“π √ÿª‰¥â¥—ßπ’È √“¬™◊ËÕ§≥–°√√¡°“√°”Àπ¥§à“µÕ∫·∑π Name of The Remuneration Committee π“¬Õÿ∑‘» ∏√√¡«“∑‘π Mr. Utid Tamwatin π“¬∫«√»—°¥‘Ï Õÿ«√√≥‚≥ Mr. Borwornsak Uwanno π“¬ ¡™—¬ ∫ÿ≠π”»‘√‘ Mr. Somchai Bunnumsiri π“¬ ¡π÷° °¬“«—≤π°‘® Mr. Somnuk Kayawattanakij π“¬«—π™—¬ À≈àÕ«—≤πµ√–°Ÿ≈ Mr. Wanchai Lawatanatrakul

µ”·Àπàß Position ª√–∏“π°√√¡°“√ Chairman °√√¡°“√ Director °√√¡°“√ Director °√√¡°“√ Director ‡≈¢“πÿ°“√ Secretary

√à«¡ª√–™ÿ¡/°“√ª√–™ÿ¡∑—ÈßÀ¡¥ Number of Attendance/Total Meetings 2/2 1/2 2/2 2/2 2/2

√“¬ß“πª√–®”ªï 2548

13. √–∫∫°“√§«∫§ÿ¡·≈–°“√µ√«® Õ∫¿“¬„π

∫√‘…∑— œ ‰¥â„Àâ§«“¡ ”§—≠µàÕ√–∫∫°“√§«∫§ÿ¡¿“¬„π‚¥¬¡ÿßà ‡πâπ „Àâ¡°’ “√§«∫§ÿ¡¿“¬„π∑’‡Ë æ’¬ßæÕ ‡À¡“– ¡ ·≈–‡°◊ÕÈ Àπÿπª√– ‘∑∏‘¿“æ ¢Õß∏ÿ√°‘® ∑—Èß„π¥â“π°“√‡ß‘π °“√¥”‡π‘π°“√ °“√∫√‘À“√§«“¡‡ ’Ë¬ß ·≈–°“√°”°—∫¥Ÿ·≈‚¥¬¡’Àπà«¬ß“πª√–‡¡‘π§«“¡‡ ’¬Ë ß„π°√–∫«π°“√µà“ßÊ ®—¥∑”·≈–µ‘¥µ“¡º≈°“√¥”‡π‘πß“πµ“¡·ºπ‚§√ß°“√∫√‘À“√§«“¡‡ ’¬Ë ß ¢Õß∫√‘…—∑œ π”‡ πÕ§≥–°√√¡°“√≈ß∑ÿπ·≈–∫√‘À“√§«“¡‡ ’Ë¬ß ‡æ◊ËÕ µ‘¥µ“¡·π«‚πâ¡¢Õßªí®®—¬‡ ’Ë¬ßµà“ßÊ ∑’Ë “¡“√∂≈¥≈ßÕ¬Ÿà„π√–¥—∫∑’Ë ¬Õ¡√—∫‰¥â √«¡∂÷ß°≈‰°°“√§«∫§ÿ¡°“√ªØ‘∫µ— ß‘ “π¢ÕßΩÉ“¬∫√‘À“√ºà“π √–∫∫∫√‘À“√§ÿ≥¿“æ ISO 90001 : 2000 ·≈–°√–∫«π°“√µ√«®µ‘¥µ“¡ ª√– ‘∑∏‘¿“æª√– ‘∑∏‘º≈√–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…∑— ·≈–∫√‘…∑— „π‡§√◊Õ πÕ°®“°π’¬È ß— ¡’°√–∫«π°“√µ‘¥µ“¡·≈–§«∫§ÿ¡‚¥¬§≥–°√√¡ °“√™ÿ¥µà“ßÊ ∑’Ë·µàßµ—Èß‚¥¬§≥–°√√¡°“√∫√‘…—∑œ ∑—ßÈ π’∫È √‘…∑— œ‰¥â¡°’ “√¥”‡π‘π°“√ª√–‡¡‘π§«“¡‡æ’¬ßæÕ¢Õß√–∫∫ §«∫§ÿ¡¿“¬„π·≈â«„πªï 2548 ´÷ßË §≥–°√√¡°“√∫√‘…∑— œ ·≈–§≥–°√√¡°“√ µ√«® Õ∫‡ÀÁπ«à“√–∫∫°“√§«∫§ÿ¡¿“¬„πÕ¬Ÿà„π√–¥—∫∑’πË “à æÕ„® ¡’§«“¡ ‡æ’¬ßæÕ·≈–‡À¡“– ¡°—∫°“√¥”‡π‘π∏ÿ√°‘® √â“ß„Àâ‡°‘¥§«“¡‚ª√àß„ „π °“√¥”‡π‘π°“√·≈– àß‡ √‘¡ª√– ‘∑∏‘º≈¢Õß°“√ª√–°Õ∫°‘®°“√∑’¬Ë ß—Ë ¬◊π 14. √“¬ß“π¢Õß§≥–°√√¡°“√∫√‘…—∑œ

§≥–°√√¡°“√∫√‘…∑— œ ‡ªìπºŸ√â ∫— º‘¥™Õ∫µàÕß∫°“√‡ß‘π√«¡¢Õß ∫√‘…∑— œ ·≈–∫√‘…∑— ¬àÕ¬ ß∫°“√‡ß‘π¥—ß°≈à“«®—¥∑”¢÷πÈ µ“¡À≈—°°“√∫—≠™’ ∑’Ë√—∫√Õß∑—Ë«‰ª„πª√–‡∑»‰∑¬ ·≈–„™â¥ÿ≈¬æ‘π‘®Õ¬à“ß√–¡—¥√–«—ß ·≈– ª√–¡“≥°“√∑’¥Ë ∑’ ’Ë ¥ÿ „π°“√®—¥∑” √«¡∑—ßÈ ¡’°“√‡ªî¥‡º¬Õ¬à“ß‡æ’¬ßæÕ„π À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π §≥–°√√¡°“√∫√‘…∑— œ ·µàµß—È §≥–°√√¡°“√ µ√«® Õ∫ ´÷Ëßª√–°Õ∫¥â«¬°√√¡°“√∑’Ë‰¡à‡ªìπºŸâ∫√‘À“√ ‡ªìπºŸâ¥Ÿ·≈√—∫ º‘¥™Õ∫‡°’¬Ë «°—∫§ÿ≥¿“æ¢Õß√“¬ß“π∑“ß°“√‡ß‘π ·≈–√–∫∫°“√§«∫§ÿ¡ ¿“¬„π ·≈–§«“¡‡ÀÁπ¢Õß§≥–°√√¡°“√µ√«® Õ∫ ‡°’¬Ë «°—∫‡√◊ÕË ßπ’ªÈ √“°Ø „π√“¬ß“π¢Õß§≥–°√√¡°“√µ√«® Õ∫∑’Ëª√“°Ø„π√“¬ß“πª√–®”ªï §≥–°√√¡°“√∫√‘…∑— œ¡’§«“¡‡ÀÁπ«à“ √–∫∫°“√§«∫§ÿ¡¿“¬„π ¡’§«“¡‡æ’¬ßæÕ·≈–‡À¡“– ¡°—∫°“√¥”‡π‘π∏ÿ√°‘® ·≈– “¡“√∂ √â“ß §«“¡‡™◊ÕË ¡—πË Õ¬à“ß¡’‡Àµÿº≈µàÕ§«“¡πà“‡™◊ÕË ∂◊Õ¢Õßß∫°“√‡ß‘π∫√‘…∑— œ·≈– ∫√‘…∑— ¬àÕ¬ ≥ «—π∑’Ë 30 °—π¬“¬π 2548 ‚¥¬§≥–°√√¡°“√∫√‘…∑— œ ‰¥â®¥— ∑”√“¬ß“π§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√∫√‘…∑— œ µàÕ√“¬ß“π ∑“ß°“√‡ß‘π∑’Ë· ¥ß‰«â„π√“¬ß“πª√–®”ªïπ’È 15. §«“¡ —¡æ—π∏å°—∫ºŸâ≈ß∑ÿπ

∫√‘…∑— œ „Àâ§«“¡ ”§—≠µàÕ°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈∑’∂Ë °Ÿ µâÕß §√∫∂â«π ‚ª√àß„ ®÷ß‰¥â¡°’ “√‡º¬·æ√à¢Õâ ¡Ÿ≈µà“ßÊºà“π™àÕß∑“ß¢Õßµ≈“¥À≈—°∑√—æ¬åœ ·≈– Web-Site ¢Õß∫√‘…—∑œ ·≈–‰¥â°”Àπ¥„Àâ çΩÉ“¬æ—≤π“∏ÿ√°‘®µàÕ ‡π◊ÕË ßé ∑”Àπâ“∑’µË ¥‘ µàÕ ◊ÕË “√·≈–„Àâ∫√‘°“√¢âÕ¡Ÿ≈¢à“« “√ ·≈–°‘®°√√¡ µà“ßÊ „Àâ·°àº≈Ÿâ ß∑ÿπ ∂“∫—π ºŸ∂â Õ◊ Àÿπâ π—°«‘‡§√“–Àå ·≈–ª√–™“™π∑—«Ë ‰ª

13. Controlling System and Internal Audit The company considered the internal control system very crucial and therefore focused on providing sufficient and appropriate internal control to support the businessû efficiency in terms of finance, operations, risk management as well as corporate governance. Special units were set up to appraise risks in every business process, implement and monitor operational results under the companyûs risk management plan, and submit planned projects to the Investment and Risk Management Committee. The Committee has to closely monitor trends of risks that can be reduced to an acceptable level, implement control system on executive performance through the ISO90001:2000 standard, and ensure proper monitoring of internal control efficiency and effectiveness of the company and its subsidiaries. There are other monitoring and controlling measures undertaken by various subcommittees appointed by the Board of Directors. After evaluating the sufficiency of internal audit, the Board of Directors and the Audit Committee considered that the internal control system was at a satisfactory level, sufficient and appropriate for business operation, creating transparency for business operation, preventing corruption and enhancing the efficiency for the sustainable business operation. 14. Board of Directorsû reports The Board of Directors holds responsibility on consolidated financial statements of the company and its subsidiary. The financial reports were prepared in compliance with generally accepted accounting standards in Thailand. The directors thoroughly review and do their bests in making forecast. Sufficient disclosure in notes to financial statements is assured. The Board of Directors appointed the Audit Committee, which comprises non-executive directors who are responsible for the quality of the financial reports and internal control. Opinion of the Audit Committee is published in this annual report. The Board of Directors agreed that the internal audit system was sufficient and appropriate for the business operation and can create reasonable confidence and reliability on the financial statements of the company and its subsidiaries as of September 30, 2005. The Board of Director has provided a report on their responsibility to the financial statements in this annual report. 15. Investor Relations The company recognized the importance of accurate, complete and transparent information disclosure and therefore disseminated the information through the Stock Exchange of Thailand and the companyûs website. The company also assigned the Business Development Department to communicate and provide information, news, and activities to institutional investors, shareholders, analysts and general public.

√“¬ß“πª√–®”ªï 2548

°“√ √√À“°√√¡°“√·≈–ºŸâ∫√‘À“√ Directors and Executives Nomination §≥–°√√¡°“√∫√‘…∑— œ ®–·µàßµ—ßÈ ºŸ·â ∑π§≥–°√√¡°“√∫√‘…∑— œ ‡ªìπ°√√¡°“√ √√À“ ‡æ◊ËÕ§—¥‡≈◊Õ°∫ÿ§§≈∑’Ë®–·µàßµ—Èß‡ªìπ°√√¡°“√ ·≈–°√√¡°“√ºŸâÕ”π«¬°“√„À≠à µ“¡§«“¡‡À¡“– ¡„π·µà≈–°√≥’ µ“¡¢âÕ∫—ß§—∫¢Õß∫√‘…∑— œ §≥–°√√¡°“√∫√‘…∑— œ ª√–°Õ∫¥â«¬°√√¡°“√ Õ¬à“ßπâÕ¬ 5 §π ·≈–µâÕß‰¡à‡°‘π°«à“ 11 §π ‚¥¬„Àâ∑’Ëª√–™ÿ¡ºŸâ∂◊Õ Àÿâπ‡ªìπºŸâæ‘®“√≥“‡≈◊Õ°µ—Èß ·≈–„Àâ§≥–°√√¡°“√∫√‘…—∑œ ‡≈◊Õ°µ—Èß °√√¡°“√¥â«¬°—π‡ªìπª√–∏“π°√√¡°“√∫√‘…—∑œ ·≈–Õ“®‡≈◊Õ°√Õß ª√–∏“π°√√¡°“√∫√‘…—∑œ √«¡∂÷ß°√√¡°“√ºŸâÕ”π«¬°“√„À≠à ·≈– µ”·ÀπàßÕ◊πË µ“¡§«“¡‡À¡“– ¡¥â«¬°Á‰¥â °√√¡°“√∫√‘…∑— œ ‰¡àπÕâ ¬°«à“ °÷ËßÀπ÷Ëß¢Õß®”π«π°√√¡°“√∫√‘…—∑œ ∑—ÈßÀ¡¥µâÕß¡’∂‘Ëπ∑’ËÕ¬Ÿà„π√“™ Õ“≥“®—°√ °“√·µàßµ—Èß°√√¡°“√∫√‘…—∑œ °√–∑”‚¥¬∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ‚¥¬¡’À≈—°‡°≥±å·≈–«‘∏’°“√ ¥—ßπ’È 1. ºŸâ∂◊ÕÀÿâπ§πÀπ÷Ëß¡’§–·ππ‡∑à“°—∫Àπ÷ËßÀÿâπµàÕÀπ÷Ëß‡ ’¬ß 2. ºŸâ∂◊ÕÀÿâπ·µà≈–§πµâÕß„™â§–·ππ‡ ’¬ß∑’Ë¡’Õ¬Ÿà∑—ÈßÀ¡¥µ“¡¢âÕ 1. ‡≈◊Õ°µ—Èß∫ÿ§§≈§π‡¥’¬«À√◊ÕÀ≈“¬§π‡ªìπ°√√¡°“√°Á‰¥â ·µà®–·∫àß §–·ππ‡ ’¬ß„Àâ·°àºŸâ„¥¡“°πâÕ¬‡æ’¬ß„¥‰¡à‰¥â 3. ∫ÿ§§≈´÷ßË ‰¥â√∫— §–·ππ‡ ’¬ß Ÿß ÿ¥µ“¡≈”¥—∫≈ß¡“ ‡ªìπºŸâ‰¥â√∫— °“√‡≈◊Õ°µ—Èß‡ªìπ°√√¡°“√‡∑à“®”π«π°√√¡°“√∑’Ë®–æ÷ß¡’ À√◊Õ®–æ÷ß ‡≈◊Õ°µ—ßÈ „π§√—ßÈ π—πÈ „π°√≥’∑∫’Ë §ÿ §≈´÷ßË ‰¥â√∫— °“√‡≈◊Õ°µ—ßÈ „π≈”¥—∫∂—¥≈ß¡“ ¡’§–·ππ‡ ’¬ß‡∑à“°—π‡°‘π®”π«π°√√¡°“√∑’®Ë –æ÷ß¡’À√◊Õ®–æ÷ß‡≈◊Õ°µ—ßÈ „π §√—Èßπ—Èπ „ÀâºŸâ‡ªìπª√–∏“π‡ªìπºŸâÕÕ°‡ ’¬ß™’È¢“¥ 4. °√√¡°“√Õ‘ √– µâÕß¡’§≥ÿ ¡∫—µ§‘ √∫∂â«πµ“¡π‘¬“¡°√√¡°“√ Õ‘ √–∑’Ë ∫ √‘ …— ∑ ‰¥â °”Àπ¥‰«â ‚¥¬ Õ¥§≈â Õ ß°— ∫ ¢â Õ °”Àπ¥¢Õß ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å (°≈µ.) ∑’ªË √–™ÿ¡ºŸ∂â Õ◊ Àÿπâ “¡“√∂≈ß¡µ‘„Àâ∂Õ¥∂Õπ°√√¡°“√§π„¥ÕÕ° ®“°µ”·Àπàß°àÕπ§√∫Õ“¬ÿµ“¡«“√–¥”√ßµ”·Àπàß‰¥â ‚¥¬µâÕß‰¥â√—∫ §–·ππ‡ ’¬ß π—∫ πÿπ‰¡àπÕâ ¬°«à“ “¡„π ’¢Ë Õß®”π«πºŸ∂â Õ◊ Àÿπâ ∑—ßÈ À¡¥∑’Ë ‡¢â“√à«¡ª√–™ÿ¡ ·≈–¡’ ∑‘ ∏‘ÕÕ°‡ ’¬ß ·≈–¡’Àπÿâ π—∫√«¡°—π‰¥â‰¡àπÕâ ¬°«à“ °÷ßË Àπ÷ßË ¢Õß®”π«πÀÿπâ ∑’∂Ë Õ◊ ‚¥¬ºŸ∂â Õ◊ Àÿπâ ∑’¡Ë “ª√–™ÿ¡·≈–¡‘ ∑‘ ∏‘ÕÕ°‡ ’¬ß §≥–°√√¡°“√∫√‘…—∑œ ª√–®”ªïß∫ª√–¡“≥ 2548 ®”π«π 3 §π ‡ªìπ°√√¡°“√√à«¡°—∫ºŸ∂â Õ◊ Àÿπâ √“¬„À≠à §◊Õ °“√ª√–ª“ à«π¿Ÿ¡¿‘ “§ ®”π«π 2 §π ·≈–°“√π‘§¡Õÿµ “À°√√¡·Ààßª√–‡∑»‰∑¬ ®”π«π 1 §π

The Board of Directors will appoint the Boardûs representatives to be the Nomination Committee to nominate directors and president as deemed appropriate on a case by case basis. According to the companyûs regulation, the Board of Directors is elected by shareholdersû meeting and consists of at least 5 directors and not more than 11 directors. The Board of Directors shall elect one of directors as the Chairman of the Board and may elect the vice-chairman, president and other positions as deemed appropriate. At least half of the total number of the Board members must have the residence in the Kingdom of Thailand. The appointment of the Board of Directors by the shareholdersû meeting uses the criteria and procedure as follows: 1. One shareholder has one vote per one share. 2. Each shareholder shall exercise all their vote as stipulated in No. 1 to elect one or more persons as director(s) but shall not cast partial vote to any person. 3. The persons who receive the highest votes will be elected directors respectively according to the number of directors as stipulated in the regulation or to be elected at that time. In case the number of nominees that receive equal votes exceed the number of directors as stipulated or to be elected at that time, the Chairman of the Board shall cast the decisive vote. 4. Independent non-executive directors must have complete qualifications as specified by the Company in the definition of independent non-executive directors which are in accordance to the Office of Securities and Exchange Commissionûs regulation. The shareholdersû meeting can resolve to remove a director prior to their term, given that there is no less than three fourth of the supporting votes and no less than half of the supporterûs shares of the total shareholders that attend the meeting and are eligible to vote. The Board of Directors in the 2005 fiscal year consists of 3 directors from major shareholders, namely 2 from the Provincial Waterworks Authority and 1 from the Industrial Estate Authority of Thailand.

√“¬ß“πª√–®”ªï 2548

°“√¥Ÿ·≈‡√◊ËÕß°“√„™â¢âÕ¡Ÿ≈¿“¬„π Internal Information Control ∫√‘…—∑œ °”Àπ¥·π«∑“ßªØ‘∫—µ‘‡°’Ë¬«°—∫°“√„™â¢âÕ¡Ÿ≈¿“¬„π ¢Õß°√√¡°“√ ºŸâ∫√‘À“√ ·≈–æπ—°ß“π¢Õß∫√‘…—∑œ ‰«â„ππ‚¬∫“¬°“√ °”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ´÷Ëß§√Õ∫§≈ÿ¡ª√–‡¥Áπ ”§—≠ ¥—ßπ’È 1. °√√¡°“√ ΩÉ“¬®—¥°“√ æπ—°ß“π ºŸâªØ‘∫—µ‘ß“π ¡∑∫ æπ—° ß“π¢ÕßºŸâ√—∫®â“ß µâÕß¬Õ¡√—∫æ—π∏–ºŸ°æ—πµ“¡°ÆÀ¡“¬ ·≈–®√√¬“ ∫√√≥∑’ËµâÕß‰¡à‡ªî¥‡º¬µàÕ§«“¡¡—Ëπ§ß¢Õß∫√‘…—∑œ 2. ¢âÕ¡Ÿ≈≈—∫∑“ß°“√§â“ µâÕß‰¥â√—∫°“√¥Ÿ·≈ª°ªî¥¡‘„Àâ√—Ë«‰À≈ ÕÕ°‰ª¿“¬πÕ° °“√„™â¢âÕ¡Ÿ≈¿“¬„π√à«¡°—πµâÕßÕ¬Ÿà„π°√Õ∫∑’Ë∂◊Õ‡ªìπ Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫∑’Ë‰¥â√—∫¡Õ∫À¡“¬‡∑à“π—Èπ 3. °“√„Àâ¢âÕ¡Ÿ≈¢à“« “√·°à∫ÿ§§≈¿“¬πÕ° µâÕßºà“π§«“¡ ‡ÀÁπß“π¢ÕßºŸ√â ∫— ®â“ß µâÕß¬Õ¡√—∫æ—π∏–ºŸ°æ—πµ“¡°ÆÀ¡“¬ ·≈–®√√¬“ ∫√√≥∑’ËµâÕß‰¡à‡ªî¥‡º¬µàÕ§«“¡¡—Ëπ§ß¢Õß∫√‘…—∑œ 2. ¢âÕ¡Ÿ≈≈—∫∑“ß°“√§â“ µâÕß‰¥â√—∫°“√¥Ÿ·≈ª°ªî¥¡‘„Àâ√—Ë«‰À≈ ÕÕ°‰ª¿“¬πÕ° °“√„™â¢âÕ¡Ÿ≈¿“¬„π√à«¡°—πµâÕßÕ¬Ÿà„π°√Õ∫∑’Ë∂◊Õ‡ªìπ Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫∑’Ë‰¥â√—∫¡Õ∫À¡“¬‡∑à“π—Èπ 3. °“√„Àâ¢Õâ ¡Ÿ≈¢à“« “√·°à∫§ÿ §≈¿“¬πÕ° µâÕßºà“π§«“¡‡ÀÁπ ™Õ∫®“°°√√¡°“√ºŸâÕ”π«¬°“√„À≠à À“°‡ªìπ¢âÕ¡Ÿ≈‡°’Ë¬«°—∫ºŸâ√à«¡∑ÿπ Õ◊ËπÊ µâÕß‰¥â√—∫§«“¡‡ÀÁπ™Õ∫®“°ºŸâ√à«¡∑ÿπ¥â«¬ Àπà«¬ß“π∑’Ë‡ªìπ ºŸâ „Àâ¢âÕ¡Ÿ≈ “∏“√≥™π ‰¥â·°à ß“π°‘®°“√ —¡æ—π∏å ΩÉ“¬Õ”π«¬°“√ ·≈–ß“ππ—°≈ß∑ÿπ —¡æ—π∏å (Investor Relations) ΩÉ“¬æ—≤π“∏ÿ√°‘®µàÕ ‡π◊ÕË ß ‚¥¬æπ—°ß“π°‘®°“√ —¡æ—π∏å ¡’Àπâ“∑’·Ë ®âß¢à“« “√·°àæπ—°ß“π¥â«¬ πÕ°®“°π’È ∫√‘…∑— œ ‰¥â·®âß„Àâ°√√¡°“√À√◊ÕºŸ∫â √‘À“√¢Õß∫√‘…∑— œ ∑√“∫¿“√–Àπâ“∑’Ë°“√√“¬ß“π°“√‰¥â¡“À√◊Õ®”Àπà“¬À≈—°∑√—æ¬å¢Õß ∫√‘…—∑œ ∑’Ë‡°‘π°«à“√âÕ¬≈– 5 ¢ÕßÀ≈—°∑√—æ¬å∑’Ë®”Àπà“¬‰¥â·≈â«∑—ÈßÀ¡¥ ¢Õß∫√‘…∑— œ µ“¡·∫∫·≈–«‘∏°’ “√∑’Ë °≈µ. °”Àπ¥ √«¡∂÷ß√“¬ß“π°“√∂◊Õ §√ÕßÀ≈—°∑√—æ¬å¢Õß°√√¡°“√ ·≈–ºŸâ∫√‘À“√„π°“√ª√–™ÿ¡§≥–°√√¡ °“√∫√‘…—∑œ ∑ÿ°§√—Èß

The company set the guideline of internal information control for the companyûs directors, management and employees in the Good Corporate Governance Policy which can be summarized as follows: 1. Directors, management, employees, supporting staff, suppliersû employees shall agree to legal commitment and ethics on confidentiality for the companyûs security. 2. The confidential trade information shall not be released to the outside. Internal information shall be shared and used solely under the designated functions and respon sibilities. 3. The release of information to the outside shall be done upon the permission of the companyûs president. If the information is related to any joint-venture partner, the permission shall also be sought from the partner. The divisions responsible for disseminating the information to the public are the Corporate Relations division in Corporate Affairs Department and Investors Relations division in Business Development Department. Corporate Relations officers are also in charge of disseminating news to employees. In addition, the company informed the directors and management of their responsibility to report the acquisition and sales of the companyûs securities that are more than 5% of the total companyûs securities sold according to the format and method specified by the Securities and Exchange Commission and to report the securities ownership of directors and management in every Board of Directosû meeting.

√“¬ß“πª√–®”ªï 2548

°“√ª√–‡¡‘π§«“¡‡æ’¬ßæÕ¢Õß√–∫∫§«∫§ÿ¡¿“¬„πª√–®”ªï 2548 Internal Audit Sufficiency Appraisal 2005 ∫√‘…∑— œ ‰¥â„Àâ§«“¡ ”§—≠µàÕ√–∫∫°“√§«∫§ÿ¡¿“¬„π ‚¥¬¡ÿßà ‡πâ π „Àâ ¡’ ° “√§«∫§ÿ ¡ ¿“¬„π∑’Ë ‡ æ’ ¬ ßæÕ‡À¡“– ¡ ·≈–‡°◊È Õ Àπÿ π ª√– ‘∑∏‘¿“æ¢Õß∏ÿ√°‘® ∑—Èß„π¥â“π°“√‡ß‘π °“√¥”‡π‘π°“√ °“√ ∫√‘À“√§«“¡‡ ’Ë¬ß ·≈–°“√°”°—∫¥Ÿ·≈ ∑—Èßπ’ÈÀ≈—°°“√·≈– “√– ”§—≠ ¢Õß°“√ª√–‡¡‘π§«“¡‡æ’¬ßæÕ¢Õß√–∫∫§«∫§ÿ¡¿“¬„π “¡“√∂ æ‘®“√≥“‰¥â„π 5 ¥â“π¥—ßπ’È Õß§å°√·≈– ¿“æ·«¥≈âÕ¡

§≥–°√√¡°“√∫√‘…—∑œ ¡’∫∑∫“∑ ”§—≠¬‘Ëß„π°“√°”Àπ¥ «‘ —¬∑—»πå π‚¬∫“¬ ·≈–·ºπ°≈¬ÿ∑∏å¢Õß∫√‘…—∑œ ‚¥¬°“√°”Àπ¥ ·ºπ∏ÿ√°‘®√–¬–¬“« √«¡∑—Èß°“√„Àâ§«“¡§‘¥‡ÀÁπ·≈–Õπÿ¡—µ‘°≈¬ÿ∑∏å °‘®°√√¡µà“ßÊ ·≈–·ºπªØ‘∫—µ‘°“√√“¬ªï πÕ°®“°π—Èπ¬—ß§ß„Àâ æ‘®“√≥“ª√–¬ÿ°µå„™â¥—™π’™’È«—¥º≈°“√¥”‡π‘πß“π (Key Performance Indicators) ·≈–√–∫∫°“√ª√–‡¡‘πº≈·∫∫¥ÿ≈¬¿“æ (Balanced Scorecard) „π°“√«—¥º≈°“√ªØ‘∫µ— ß‘ “π∑—«Ë ∑—ßÈ Õß§å°√ ‡æ◊ÕË „Àâ°“√µ‘¥µ“¡ «—¥·≈–ª√–‡¡‘πº≈°“√ªØ‘∫µ— ß‘ “π‡ªìπ‰ªÕ¬à“ß‡∑’¬Ë ß∏√√¡ ¡’ª√– ‘∑∏‘¿“æ ‡ªìπ√–∫∫ Õ¥§≈âÕß°—∫‡ªÑ“À¡“¬·≈–«—µ∂ÿª√– ß§å¢ÕßÕß§å°√ π‚¬∫“¬°“√∫√‘À“√®—¥°“√¿“¬„πÕß§å°√¡ÿßà ‡πâπ„Àâ¡°’ ≈‰°°“√ ∂à«ß¥ÿ≈Õ”π“®√–À«à“ß §≥–°√√¡°“√ ΩÉ“¬®—¥°“√ ·≈–ºŸâ∂◊ÕÀÿâπ ‚¥¬ „Àâ¡’°“√ ◊ËÕ “√°—∫ºŸâ≈ß∑ÿπ‡æ◊ËÕ‡º¬·æ√à·≈– ◊ËÕ “√¢âÕ¡Ÿ≈µà“ßÊ¢Õß ∫√‘…—∑œ„Àâ “∏“√≥™π‰¥â∑√“∫ ·≈–·µàßµ—Èß§≥–°√√¡°“√™ÿ¥µà“ßÊ ‡æ◊ÕË ™à«¬„π°“√æ‘®“√≥“°≈—πË °√Õß·≈–„Àâ§”«‘π®‘ ©—¬„π‡√◊ÕË ß∑’‡Ë °’¬Ë «¢âÕß ´÷Ëß®–ª√–°Õ∫‰ª¥â«¬§≥–°√√¡°“√∑’Ë‡ªìπÕ‘ √–À√◊Õ°√√¡°“√®“° ¿“¬πÕ°Õ¬à“ßπâÕ¬ 1-3 §π ‡æ◊ËÕ„Àâ‡°‘¥°“√∂à«ß¥ÿ≈Õ”π“®√–À«à“ß °√√¡°“√∑’ÕË “®¡’º≈ª√–‚¬™πå‰¥â‡ ’¬°—∫∫√‘…∑— œ °—∫°√√¡°“√∑’‡Ë ªìπÕ‘ √– À√◊Õ°√√¡°“√®“°¿“¬πÕ° πÕ°®“°π’È∫√‘…—∑œ ‰¥âª√–°“»„™â çÀ≈—°°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ¢Õß∫√‘…—∑ ®—¥°“√·≈–æ—≤π“ ∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π)é ·≈– ç®√√¬“∫√√≥ ∑“ß∏ÿ√°‘®¢Õßæπ—°ß“πé ‚¥¬ª√–°“»„Àâ∫§ÿ ≈“°√∑ÿ°√–¥—∫¢Õß∫√‘…∑— œ ‰¥â¬÷¥∂◊ÕªØ‘∫—µ‘ ‡æ◊ËÕ¡ÿàß‡πâπ§«“¡´◊ËÕ —µ¬å ÿ®√‘µ ·≈–®√‘¬∏√√¡„π°“√ ¥”‡π‘π∏ÿ√°‘®

The Company has given high importance to the sufficient and appropriate internal audit system. We ensure that it compliments and supports overall efficiency in terms of finance, operations, risk management and good corporate governance. The five main principles and issues related to sufficient internal audit are as follows: Organization and environment

The Board of Directors plays a crucial role in setting the corporate vision, policy and strategies. It decides long-term business plan, provides opinion and approves strategies, activities, and yearly operational plan, as well as the implementation of Key Performance Indicators and Balanced Scorecard for transparent, efficient, and systematic performance which is in line with corporate goals and business objectives. Our internal audit policy is aimed to create balance of power between the directors, management and shareholders. Transparent and sincere communications with shareholders are implemented to provide sufficient information about the Company to the public. We have set up various committees to assist the management in screening and making decisions on related matters. These committees comprise at least 2-3 independent non-executive members in order to create balance of power between them and the directors who may have interests in particular matters. In addition, the Company has introduced the çGood Corporate Governance Principles of the Eastern Water Resources Development and Management Public Company Limitedé and the çEmployeesû Business Ethicsé as compulsory work guidelines for employees of all levels in order to maintain integrity and ethics in our business operations. Risk Management

°“√∫√‘À“√§«“¡‡ ’Ë¬ß

∫√‘…∑— œ ¡’°“√ª√–‡¡‘π§«“¡‡ ’¬Ë ß„π°√–∫«π°“√µà“ßÊ „π·µà≈– ªï ß ∫ª√–¡“≥ ‚¥¬®–‡ªì π °“√ª√–‡¡‘ π „π°√–∫«π°“√µà “ ßÊ ∑’ºË ªŸâ Ø‘∫µ— ß‘ “π‰¥â¡ ’ «à π‡°’¬Ë «¢âÕß„π°“√«‘‡§√“–Àåª®í ®—¬‡ ’¬Ë ß ¡“µ√°“√ §«∫§ÿ¡∑’Ë¡’„πªí®®ÿ∫—π √«¡∂÷ß√à«¡°”Àπ¥¡“µ√°“√§«∫§ÿ¡‡æ‘Ë¡‡µ‘¡ ·≈–®—¥∑”‡ªìπ·ºπªØ‘∫—µ‘°“√∫√‘À“√§«“¡‡ ’Ë¬ß ‡æ◊ËÕ°“√¥”‡π‘πß“π §«∫§ÿ¡¿“¬„π∑’Ë¡’ª√– ‘∑∏‘¿“æ‡æ’¬ßæÕ ¡’√–¥—∫§«“¡‡ ’Ë¬ß‡ªìπ∑’Ë

The Company has assessed risks in various business processes in each fiscal year, especial y in the process that employees can be involved in the assessment of risk factors and existing and additional control measures in order to produce risk management operation plan. This is to create efficient internal control and ensure acceptable level of risks to address the

√“¬ß“πª√–®”ªï 2548

¬Õ¡√—∫‰¥â Õ¥§≈âÕß°—∫ ∂“π°“√≥å ‘Ëß·«¥≈âÕ¡·≈–§«“¡‡ ’Ë¬ß∑’Ë ·ª√‡ª≈’Ë¬π‰ª ´÷ËßÕ“® àßº≈°√–∑∫µàÕ∏ÿ√°‘®¢Õß∫√‘…—∑œ πÕ°®“°π’È ∫√‘…∑— œ ¬—ß‰¥â¡Õ∫À¡“¬„Àâº®Ÿâ ¥— °“√ß“π∫√‘À“√§«“¡‡ ’¬Ë ß°≈ÿ¡à ∫√‘…∑— œ µ‘ ¥ µ“¡º≈°“√¥”‡π‘ π ß“πµ“¡·ºπ‚§√ß°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß ª√–‡¡‘πº≈·≈–®—¥∑”√“¬ß“πº≈°“√∫√‘À“√§«“¡‡ ’Ë¬ß π”‡ πÕ §≥–°√√¡°“√≈ß∑ÿπ·≈–∫√‘À“√§«“¡‡ ’Ë¬ß ‡æ◊ËÕµ‘¥µ“¡·π«‚πâ¡¢Õß ªí®®—¬‡ ’Ë¬ßµà“ßÊ Õ¬à“ß ¡Ë”‡ ¡Õ

changing environment and risks that may affect the Companyûs business operation. The Company also assigned risk management managers to monitor, appraise and report on risk management project progress before submitting the report to the Investment and Risk Management Committee. This is to make sure that all risk factors are properly and regularly monitored. Management Performance Control

°“√§«∫§ÿ¡°“√ªØ‘∫—µ‘ß“π¢ÕßΩÉ“¬∫√‘À“√

∫√‘…∑— œ ¡’°“√°”Àπ¥¢Õ∫‡¢µÕ”π“®Àπâ“∑’·Ë ≈–«ß‡ß‘πÕ”π“® Õπÿ¡µ— ¢‘ ÕßΩÉ“¬∫√‘À“√ ·≈–·∫àß·¬°Àπâ“∑’§Ë «“¡√—∫º‘¥™Õ∫„πß“πÀπâ“∑’Ë ∑’ÕË “®‡Õ◊ÕÈ „Àâ‡°‘¥°“√°√–∑”∑’∑Ë ®ÿ √‘µÕÕ°®“°°—π ‰«âÕ¬à“ß™—¥‡®π ∑—ßÈ Àπâ“∑’Ë Õπÿ¡—µ‘ °“√∫—π∑÷°√“¬°“√∫—≠™’·≈–¢âÕ¡Ÿ≈ “√ π‡∑» ·≈–Àπâ“∑’Ë„π °“√¥Ÿ·≈®—¥‡°Á∫∑√—æ¬å ‘π „π°√≥’¢Õß √“¬°“√√–À«à“ß°—π¢Õß∫√‘…—∑œ ·≈–∫√‘…—∑„π‡§√◊Õ √«¡∂÷ß∫√‘…—∑œ ·≈–ºŸâ¡’º≈ª√–‚¬™πå√à«¡µà“ßÊ ®–ºà“π¢—πÈ µÕπ°“√æ‘®“√≥“Õπÿ¡µ— Õ‘ ¬à“ß∂Ÿ°µâÕß™—¥‡®π µ“¡‡ß◊ÕË π‰¢ ‡™àπ ‡¥’¬«°—∫§Ÿà§â“√“¬Õ◊ËπÊ ‚¥¬‰¥â‡ªî¥‡º¬√“¬°“√¥—ß°≈à“«‰«â„πÀ¡“¬‡Àµÿ ª√–°Õ∫ß∫°“√‡ß‘π·≈â« ∑—Èßπ’Èµ“¡ª√–°“»À≈—°°“√°”°—∫¥Ÿ·≈°‘®°“√ ∑’¥Ë ¢’ Õß∫√‘…∑— œ ∑’Ë‰¥â°”Àπ¥‰«â™¥— ‡®π „π‡√◊ÕË ß®√√¬“∫√√≥¢Õß°“√®—¥À“ ∑’¡Ë ßÿà ‡πâπ„π‡√◊ÕË ß°“√ªØ‘∫µ— µ‘ Õà ºŸ¢â “¬ ºŸ√â ∫— ®â“ß À√◊ÕºŸ√â ∫— ‡À¡“™à«ß Õ¬à“ß ‡∑’Ë¬ß∏√√¡ ‚ª√àß„ ·≈–ªØ‘∫—µ‘µàÕ°—πÕ¬à“ß ÿ¿“æ™π ∫πæ◊Èπ∞“π¢Õß §«“¡¬ÿµ‘∏√√¡„π°“√‡®√®“°“√§â“ ·≈–°“√ªØ‘∫—µ‘µ“¡¢âÕµ°≈ß∑“ß °“√§â“Õ—π®– àßº≈∑’Ë‡ªìπª√–‚¬™πåµàÕÕß§å°√„π√–¬–¬“« ∫√‘…—∑œ ¡’°“√µ‘¥µ“¡¥Ÿ·≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑„π‡§√◊Õ Õ¬à“ßµàÕ‡π◊ËÕß ·≈– ¡Ë”‡ ¡Õ ‚¥¬·µàßµ—Èß§≥–°√√¡°“√ª√– “πß“π °‘®°“√∫√‘…∑— „π‡§√◊Õ ‡æ◊ÕË µ‘¥µ“¡§«“¡°â“«Àπâ“‚§√ß°“√≈ß∑ÿπ„π∏ÿ√°‘® µà“ßÊ·≈–√“¬ß“πµàÕ§≥–°√√¡°“√∫√‘…—∑œ ∑√“∫µàÕ‰ª √«¡∑—Èß°“√ ª√– “ππ‚¬∫“¬„Àâ∑°ÿ ∫√‘…∑— ¡’∑»‘ ∑“ß°“√¥”‡π‘πß“π∑’ Ë Õ¥§≈âÕß‡ªìπ‰ª „π∑‘»∑“ß‡¥’¬«°—∫π‚¬∫“¬¢Õß§≥–°√√¡°“√∫√‘…∑— œ πÕ°®“°π—πÈ ¬—ß¡’ °“√µ‘¥µ“¡„Àâ°“√¥”‡π‘πß“π¢Õß∫√‘…∑— ‡ªìπ‰ªµ“¡°ÆÀ¡“¬∑’‡Ë °’¬Ë «¢âÕß ‚¥¬°”π¥„Àâº®Ÿâ ¥— °“√ß“π∑’ªË √÷°…“°ÆÀ¡“¬°≈ÿ¡à ∫√‘…∑— œ ‡ªìπºŸ∑â ∫∑«π —≠≠“∏ÿ√°‘®°àÕπæ‘®“√≥“≈ßπ“¡‚¥¬ºŸâ¡’Õ”π“®∑ÿ°§√—Èß ´÷Ëß√«¡∂÷ß —≠≠“∏ÿ√°‘®¢Õß∫√‘…∑— „π‡§√◊Õ¥â«¬ ∑—ßÈ π’È„πÕ¥’µ∑’ºË “à π¡“∫√‘…∑— ‰¡à‰¥â¡’ °√≥’°“√°√–∑”∑’ËΩÉ“Ωóπ°ÆÀ¡“¬ √–∫∫ “√ π‡∑»·≈–°“√ ◊ËÕ “√¢âÕ¡Ÿ≈

The Company has clearly set the scope of authority and money approval limit of the management. It also clearly separates authority from responsibilities of the management in the areas that may encourage corruption. These include responsibility in approving accounting reports, information technology, and the responsibility in assets maintenance. Connected transactions between the Company and its subsidiaries and between the Company and those with shared interests have to pass clear and transparent approval process according to the pre-set conditions in the same way we practice on other business partners. Such items are published in the Notes to Financial Reports. This is done based on the Companyûs Good Corporate Governance principles on sourcing activity ethics which focus on fair and transparent treatment of sellers, contractors and subcontractors, and on fair trade negotiation and agreement which affects the Companyûs long-term benefits. The Company has continuously monitored the operations of its subsidiaries. It has appointed a coordination committee to monitor progress of investment in our businesses and report to the Board of Directors. The committee also coordinates with all the subsidiaries to assure all their operations are in the same direction set forth by the Board of Directors. The committee also ensures overall business operations is in full compliance with the laws by assigning our legal consultant to review business agreements before the authorized executives sign on the document. This includes business contracts initiated by our subsidiaries. Since the establishment of the Company, we have never taken any action against the laws.

∫√‘…—∑‰¥â®—¥„Àâ¡’¢âÕ¡Ÿ≈∑’Ë ”§—≠µà“ß Ê Õ¬à“ß‡æ’¬ßæÕ‡æ◊ËÕ„Àâ §≥–°√√¡°“√„™âª√–°Õ∫°“√µ—¥ ‘π„® ‚¥¬∑ÿ°√–‡∫’¬∫«“√–„π°“√ª√–™ÿ¡ Information Technology and Communications §≥–°√√¡°“√∫√‘…—∑œ ·≈–§≥–°√√¡°“√™ÿ¥¬àÕ¬ ®–ª√“°Ø√“¬ The Company has provided sufficient crucial information ≈–‡Õ’¬¥¢Õß‡√◊ÕË ß‡¥‘¡√«¡∑—ßÈ ¡µ‘¢Õß∑’ªË √–™ÿ¡„π™à«ß∑’ºË “à π¡“Õâ“ßÕ‘ß‰«â‡æ◊ÕË for the Board of Directors to assist their decision making. In

„Àâ§≥–°√√¡°“√‰¥â√∫— ∑√“∫§«“¡‡ªìπ¡“Õ¬à“ß™—¥‡®π ®“°π—πÈ ®÷ß®–√–∫ÿ ¢âÕ‡∑Á®®√‘ß„πª√–‡¥Áπ§«“¡§◊∫Àπâ“„π°“√¥”‡π‘π°“√¢ÕßΩÉ“¬®—¥°“√ µ“¡§«“¡‡ÀÁπ¢Õß§≥–°√√¡°“√™ÿ¥µà“ßÊ ´÷ßË ®–§√Õ∫§≈ÿ¡∂÷ß‡Àµÿº≈ °“√«‘‡§√“–Àå§«“¡ÕàÕπ‰À«∑“ß∏ÿ√°‘® Õÿª √√§ À√◊Õº≈°√–∑∫∑’ËÕ“® ‡°‘¥¢÷πÈ à«π°“√π”‡ πÕ¢âÕ‡ πÕ·π–‡æ◊ÕË °“√æ‘®“√≥“®–¡’ª√–‡¥Áπ¢âÕ æ‘®“√≥“ ·≈–/À√◊Õ·π«∑“ß‡≈◊Õ°‡æ◊ËÕ°“√À“√◊Õ/æ‘®“√≥“‰«â∑ÿ°§√—Èß ∑—È ß π’È „π°“√π” àß√“¬ß“π°“√ª√–™ÿ¡·µà≈–§√—Èß ∫√‘…—∑œ®–·®âß„Àâ °√√¡°“√√“¬∫ÿ§§≈ “¡“√∂·®âß·°â‰¢√“¬ß“π°“√ª√–™ÿ¡¿“¬„π√–¬–‡«≈“ ∑’Ë°”Àπ¥¿“¬À≈—ß®“°∑’Ë‰¥â√—∫√“¬ß“π°“√ª√–™ÿ¡ª√–¡“≥ 5 «—π

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each meeting agenda of the Board of Directorsû and committeesû meetings, detailed background and previous meeting resolutions are given as reference for the Board of Directors and committees to clearly understand the issue. The agenda then states fact and progress of each activity together with the opinion of each committee, covering reasons, business sensitivities, challenges and possible impact. Suggestions for meeting considerations, meanwhile, always include issues for consideration and/or options for discussions. In submitting every meeting report, the Company always allows individual committee member to make √–∫∫°“√µ‘¥µ“¡ changes to the meeting report within five days after receiving ∫√‘…∑— œ ¡’°“√µ‘¥µ“¡°“√ªØ‘∫µ— µ‘ “¡‡ªÑ“À¡“¬∑’√Ë –∫ÿ‰«â„π·ºπ the report. ∏ÿ√°‘®√–¬–¬“« ·≈–·ºπªØ‘∫µ— °‘ “√ª√–®”ªï Õ¬à“ßµàÕ‡π◊ÕË ß √«¡∂÷ß¥—™π’ «—¥º≈°“√ªØ‘∫µ— ß‘ “πª√–®”ªï (KPI) ∑’¡Ë °’ “√√“¬ß“π§«“¡§◊∫Àπâ“·≈–º≈ Monitoring System °“√ªØ‘∫—µ‘ß“π„π°“√ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑œ ‡ªìπª√–®”∑ÿ° The Company has consistently monitored the ‰µ√¡“ √«¡∑—Èß¡’°“√ª√—∫ª√ÿß·°â ‰¢„Àâ Õ¥§≈âÕß°—∫ ∂“π°“√≥å∑’Ë implementation of activities as specified in the long-term and ‡ª≈’Ë¬π·ª≈ß‰ª √«¡∑—Èß¢âÕ∫°æ√àÕßµà“ß Ê ·≈–‡πâπ¬È”„Àâ¡’°“√·°â‰¢ annual business plans, including KPI of annual performance Õ¬à“ß∑—π∑à«ß∑’ which is reported to the Board of Directors every quarter. The ∫√‘…—∑œ „Àâ§«“¡ ”§—≠µàÕ°“√µ√«® Õ∫¿“¬„π‡ªìπÕ¬à“ß¬‘Ëß reports were regularly adjusted to be in line with current situation ‚¥¬°≈‰°¢Õß°√–∫«π°“√µ√«® Õ∫¿“¬„π ∑’Ë„™â¢âÕ¡Ÿ≈®“°º≈°“√ and weakness. Immediate solutions to problems are attended ª√–‡¡‘π§«“¡‡ ’Ë¬ß¿“¬„πÕß§å°√ ª√–°Õ∫°“√«“ß·ºπ°“√µ√«® to closely and timely. Õ∫¿“¬„π (Risk Based Audit) ·≈–¡’∑ª’Ë √÷°…“√à«¡µ√«® Õ∫¿“¬„π With our commitment to internal audit accuracy, the (Co-sourcing)°—∫ ”π—°µ√«® Õ∫‡ªìπª√–®”∑ÿ°ªï ‡æ◊ÕË „Àâ°√√¡°“√™ÿ¥ Company has put in place the system which is based on the µà“ßÊ√«¡∂÷ßΩÉ“¬®—¥°“√ ‡™◊ËÕ¡—Ëπ„πª√– ‘∑∏‘º≈ ª√– ‘∑∏‘¿“æ §«“¡ internal risk assessment information and risk-based audit and ∂Ÿ°µâÕß ·≈–§«“¡‡™◊ËÕ∂◊Õ‰¥â¢Õß√–∫∫°“√§«∫§ÿ¡¿“¬„π ·≈–¢âÕ¡Ÿ≈ has co-sourcing internal audit with the Auditorsû Office on ∑“ß°“√‡ß‘π πÕ°®“°π’È¬—ß¡’°√–∫«π°“√µ‘¥µ“¡º≈°“√¥”‡π‘πß“π annual basis. The system is to provide all committees and the ºà“π°√–∫«π°“√µ√«®µ‘¥µ“¡√–∫∫§ÿ≥¿“æ·≈– ‘Ëß·«¥≈âÕ¡¿“¬„π management with full confidence in efficiency, effectiveness, ∫√‘…—∑œ µ“¡¡“µ√∞“π “°≈ ISO 9001:2000 ·≈– ISO 14001:2004 accuracy and credibility of the internal control system and ·≈–¡’° “√µ√«®ª√–‡¡‘π√–∫∫‡∑§‚π‚≈¬’ “√ π‡∑»¢Õß∫√‘ …— ∑ œ financial information. In addition, there is a monitoring process (IT Audit) ¥â«¬ for quality control and environment within the Company according to the ISO 9001:2000 and ISO 14001:2994. IT Audit is ®“°°“√æ‘®“√≥“ “√– ”§—≠¢Õß°“√ª√–‡¡‘π§«“¡‡æ’¬ßæÕ also provided. ¢Õß√–∫∫§«∫§ÿ¡¿“¬„π¥—ß°≈à“«¢â“ßµâπ “¡“√∂∑”„Àâ∫√‘…—∑œ‡™◊ËÕ ‰¥â«à“ √–∫∫°“√§«∫§ÿ¡¿“¬„π¡’§«“¡‡æ’¬ßæÕ·≈–‡À¡“– ¡°—∫°“√ Based on the aforementioned internal audit sufficiency ¥”‡π‘π∏ÿ√°‘® √â“ß„Àâ‡°‘¥§«“¡‚ª√àß„ „π°“√¥”‡π‘π°“√ ·≈– àß‡ √‘¡ assessment, the Company is fully confident that our internal ª√– ‘∑∏‘º≈¢Õß°“√ª√–°Õ∫°‘®°“√∑’Ë¬—Ëß¬◊π audit provision is sufficient and appropriate to ensure transparency in our business operations and support sustainable effectiveness.

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√“¬ß“π§≥–°√√¡°“√µ√«® Õ∫ ª√–®”ªïß∫ª√–¡“≥ 2548 „πªïß∫ª√–¡“≥ 2548 §≥–°√√¡°“√µ√«® Õ∫ ‰¥â¡’°“√ª√–™ÿ¡ √«¡∑—Èß ‘Èπ 4 §√—Èß ‚¥¬‡ªìπ°“√ª√–™ÿ¡√à«¡°—∫ºŸâ∫√‘À“√¢Õß∫√‘…—∑œ ·≈–∫√‘…—∑„π‡§√◊Õ ºŸâµ√«® Õ∫¿“¬„π ºŸâµ√«® Õ∫∫—≠™’ ‡æ◊ËÕ‡ πÕ§≥–°√√¡°“√∫√‘…—∑œ æ‘®“√≥“„πª√–‡¥Áπµà“ßÊ ´÷Ëß‡ªìπ°“√´—°∂“¡·≈– √—∫øíß¢âÕ™’È·®ß®“°ºŸâ∑’Ë‡°’Ë¬«¢âÕß ®π‡ªìπ∑’ËæÕ„® µ≈Õ¥®π„Àâ¢âÕ‡ πÕ·π–‡æ◊ËÕ°“√ª√—∫ª√ÿß¥—ßπ’È 1. æ‘®“√≥“ Õ∫∑“πß∫°“√‡ß‘π√–À«à“ß°“≈ ·≈–ß∫°“√‡ß‘πª√–®”ªï 2548 ´÷ßË §≥–°√√¡°“√µ√«® Õ∫‰¥â´°— ∂“¡ ºŸ â Õ∫∫—≠™’ ºŸµâ √«® Õ∫ ¿“¬„π ·≈–‰¥â√∫— øíß§”™’·È ®ß®“°ºŸ∫â √‘À“√·≈â« ®÷ß¡’§«“¡‡ÀÁπ Õ¥§≈âÕß°—∫ºŸ â Õ∫∫—≠™’«“à ß∫°“√‡ß‘π¥—ß°≈à“« ¡’§«“¡∂Ÿ°µâÕßµ“¡∑’§Ë «√„π “√– ”§—≠ µ“¡¡“µ√∞“π°“√∫—≠™’ ∑’√Ë ∫— √Õß∑—«Ë ‰ª¢Õßª√–‡∑»‰∑¬ √«¡∑—ßÈ ¡’°“√‡ªî¥‡º¬√“¬°“√∑’‡Ë °’¬Ë «‚¬ß°—π Õ¬à“ß§√∫∂â«π∂Ÿ°µâÕß ·≈–¡’√“¬≈–‡Õ’¬¥‡æ’¬ßæÕ 2. æ‘®“√≥“ Õ∫∑“π·≈–Õπÿ¡—µ‘·ºπ°“√µ√«® Õ∫¿“¬„π∫πæ◊Èπ∞“π§«“¡‡ ’Ë¬ß (Risk Based Internal Audit Plan) ·≈–§«“¡‡ ’Ë¬ß∑’Ë ‡°‘¥¢÷πÈ µ“¡ ¿“«–ªí®®ÿ∫π— ‚¥¬‡πâπ¬È”„Àâº∫Ÿâ √‘À“√¡’°“√ª√—∫ª√ÿß√–∫∫°“√§«∫§ÿ¡¿“¬„π„Àâ “¡“√∂∫√‘À“√®—¥°“√§«“¡‡ ’¬Ë ß‰¥âÕ¬à“ßµàÕ‡π◊ÕË ß·≈– ¡’ª√– ‘∑∏‘¿“æ √«¡∑—ßÈ π—∫ πÿπ·≈– àß‡ √‘¡„Àâ ”π—°µ√«® Õ∫ “¡“√∂ªØ‘∫µ— ß‘ “π‰¥âÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ¡“°¬‘ßË ¢÷πÈ ‚¥¬„Àâ¡°’ “√æ—≤π“»—°¬¿“æ ¢Õß∫ÿ§≈“°√ ·≈–√–∫∫ß“π¥â“π°“√µ√«® Õ∫¿“¬„πÕ¬à“ßµàÕ‡π◊ËÕß ¥â«¬°“√ π—∫ πÿπ»÷°…“ °“√ªØ‘∫—µ‘ß“π√à«¡°—∫∑’Ëª√÷°…“∑’Ë¡’§«“¡√Ÿâ§«“¡ “¡“√∂‡©æ“–∑“ß ·≈–ª√–¬ÿ°µå„™â√–∫∫ “√ π‡∑»∑’Ë‡À¡“– ¡ 3. æ‘®“√≥“ Õ∫∑“πº≈°“√µ√«®ª√–‡¡‘πª√– ‘∑∏‘¿“æ ·≈–ª√– ‘∑∏‘º≈°“√√–∫∫°“√§«∫§ÿ¡¿“¬„π √«¡∂÷ß°“√ªØ‘∫µ— µ‘ “¡¢âÕ°”Àπ¥ ¢âÕºŸ°æ—π∑’Ë¡’‰«â°—∫∫ÿ§§≈¿“¬πÕ° ·≈–°ÆÀ¡“¬∑’Ë‡°’Ë¬«¢âÕß¢Õß∫√‘…—∑œ ·≈–∫√‘…—∑„π‡§√◊Õ√«¡ 7 ·Ààß ´÷Ëß®“°°“√æ‘®“√≥“ §≥–°√√¡°“√ µ√«® Õ∫¡’§«“¡‡ÀÁπ«à“ ∫√‘…—∑œ ·≈–∫√‘…—∑„π‡§√◊Õ¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π∑’Ë‡À¡“– ¡ ·≈–‰¡àæ∫ª√–‡¥Áπ∑’Ë‡ªìπ “√– ”§—≠„π‡√◊ËÕß°“√‰¡à ªØ‘∫—µ‘µ“¡¢âÕ°”Àπ¥ ¢âÕºŸ°æ—π ·≈–°ÆÀ¡“¬∑’Ë‡°’Ë¬«¢âÕß æ√âÕ¡∑—Èß‰¥â¡’°“√µ‘¥µ“¡§«“¡§◊∫Àπâ“¢Õß°“√æ—≤π“√–∫∫ß“πµà“ßÊ ´÷Ëß®–‡ªìπº≈ ¥’µàÕ√–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß°≈ÿà¡∫√‘…—∑œ ‚¥¬„πªïß∫ª√–¡“≥ 2548 §≥–°√√¡°“√µ√«® Õ∫‰¥â¡’¡µ‘ ”§—≠„π‡√◊ËÕß¥—ßπ’È 1) ‡ πÕ·π–∫√‘…∑— œ„Àâ¡°’ “√µ‘¥µ“¡º≈°“√ª√–°Õ∫°“√¢Õß∫√‘…∑— „π‡§√◊ÕÕ¬à“ß„°≈â™¥‘ ∑—ßÈ „π¥â“πº≈°“√¥”‡π‘πß“π (°”‰√/¢“¥∑ÿπ), —¥ à«π °“√≈ß∑ÿπ ‚¥¬‡ª√’¬∫‡∑’¬∫°—∫‡ªÑ“À¡“¬¢Õß∫√‘…∑— „π‡§√◊Õ∑’°Ë ”Àπ¥‰«â ‡æ◊ÕË „Àâ¡°’ “√ª√—∫·ºπ∏ÿ√°‘®¢Õß°≈ÿ¡à ∫√‘…∑— œ„Àâ Õ¥§≈âÕß°—∫ ¿“«–ªí®®ÿ∫π— 2) „Àâ¡’°“√µ‘¥µ“¡·≈–√“¬ß“π ∂“π°“√≥åª√‘¡“≥πÈ”„πÕà“ß‡°Á∫°—° ‡æ◊ËÕ„Àâ§≥–°√√¡°“√∫√‘…—∑œ√—∫∑√“∫Õ¬à“ßµàÕ‡π◊ËÕß √«¡∑—Èß‡πâπ ¬È”„Àâ¡’°“√»÷°…“‡æ‘Ë¡‡µ‘¡√à«¡°—∫Àπà«¬ß“π¿“§√—∞∑’Ë‡°’Ë¬«¢âÕß„π√“¬≈–‡Õ’¬¥¢ÕßÕÿª ß§å°“√„™âπÈ”¥‘∫¢Õß¿“§Õÿµ “À°√√¡„π¿“æ√«¡ 3) „Àâ∫√‘…—∑„π‡§√◊Õ¡’°“√æ—≤π“√–∫∫°“√µ‘¥µ“¡≈Ÿ°Àπ’È§ß§â“ß·≈–√–∫∫°“√„Àâ«ß‡ß‘π ‘π‡™◊ËÕ„Àâ¡’ª√– ‘∑∏‘¿“æ¡“°¢÷Èπ 4) „Àâ∫√‘…∑— „π‡§√◊Õæ‘®“√≥“ª√—∫ª√ÿß√–∫∫°“√§«∫§ÿ¡§ÿ≥¿“æ¢Õßº≈‘µ¿—≥±å·≈–°“√µ‘¥µ“¡¢âÕ√âÕß‡√’¬π®“°≈Ÿ°§â“„Àâ¡ª’ √– ‘∑∏‘¿“æ¬‘ßË ¢÷πÈ 5) ‡ πÕ·π–„Àâ¡’°“√æ—≤π“√–∫∫ “√ π‡∑»∑“ß°“√∫—≠™’¢Õß°≈ÿà¡∫√‘…—∑œ ‡æ◊ËÕ„Àâ°“√ªî¥ß∫ª√–¡“≥¡’§«“¡√«¥‡√Á« µ√ß‡«≈“ ·≈– π—∫ πÿπ°“√∑”ß“π¢ÕßºŸâ Õ∫∫—≠™’ ¢Õß∫√‘…—∑œ 6) „Àâ∫√‘…—∑œ·≈–∫√‘…—∑„π‡§√◊Õ æ—≤π“√–∫∫°“√»÷°…“ µ‘¥µ“¡ ·≈–¥”‡π‘π°“√µ“¡‚§√ß°“√„Àâ¡’ª√– ‘∑∏‘¿“æ¡“°¢÷Èπ 7) àß‡ √‘¡·≈– π—∫ πÿπ„ÀâºŸâ∫√‘À“√·≈–æπ—°ß“π¢Õß∫√‘…—∑œ·≈–∫√‘…—∑„π‡§√◊Õ „Àâ¡’§«“¡‡¢â“„®„π√–∫∫°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ∑—Èß „π‡™‘ßÀ≈—°°“√ ·≈– «‘∏’°“√ªØ‘∫—µ‘ ‚¥¬‡√‘Ë¡®“°°“√Õ∫√¡æπ—°ß“π‡¢â“„À¡à °“√ª√–°“»À≈—°°“√ °“√®—¥∑”§Ÿà¡◊Õ ·≈–°“√¥”‡π‘π‚§√ß°“√ ç°“√ àß‡ √‘¡°“√°”°—∫¥Ÿ·≈–°‘®°“√∑’Ë¥’é 8) ª√–‡¡‘πµπ‡Õß‡æ◊ËÕ°“√ Õ∫∑“πª√– ‘∑∏‘º≈¢Õß§≥–°√√¡°“√µ√«® Õ∫ · ¥ß„Àâ‡ÀÁπ∂÷ß§«“¡‚ª√àß„ ‡ªìπ∑’Ëπà“‡™◊ËÕ∂◊Õ‰¥â·≈–‡ªìπ ∑’Ë¬Õ¡√—∫ ∑—Èßπ’È‡æ√“–∫∑∫“∑ ·≈–Õ”π“®Àπâ“∑’Ë¢Õß§≥–°√√¡°“√µ√«® Õ∫¡’ à«π∑’Ë®–µâÕß„™â∑—Èß¥ÿ≈¬æ‘π‘® §«“¡√—∫º‘¥™Õ∫ ·≈–®‘µ ”π÷°„π æ—π∏°‘® (Mission) ∑’Ë‰¥â√—∫¡Õ∫À¡“¬ §≥–°√√¡°“√µ√«® Õ∫‰¥âæ‘®“√≥“º≈°“√‡ª√’¬∫‡∑’¬∫§à“∏√√¡‡π’¬¡°“√ Õ∫∫—≠™’ª√–®”ªïß∫ª√–¡“≥ 2549 ®“°ºŸâ Õ∫∫—≠™’™—Èππ” µà“ßÊ·≈â«ª√“°Ø«à“π“ß “¬Ωπ Õ‘π∑√å·°â« ‡≈¢∑–‡∫’¬π 4434 À√◊Õ π“ß “«√—µπ“ ®“≈– ‡≈¢∑–‡∫’¬π 3734 À√◊Õ π“¬≥√ß§å æ—πµ“«ß»å ‡≈¢∑’Ë ∑–‡∫’¬π 3315 ·Ààß∫√‘…—∑ ”π—°ß“π ‡Õ‘π å∑ ·Õπ¥å ¬—ß ®”°—¥ ‰¥â‡ πÕÕ—µ√“§à“∏√√¡‡π’¬¡∑’Ë‡À¡“– ¡ ®÷ß‰¥âæ‘®“√≥“‡ πÕ‡ªìπºŸâ Õ∫∫—≠™’ ¢Õß∫√‘…—∑œ µàÕ§≥–°√√¡°“√∫√‘…—∑œ ‡æ◊ËÕπ”‡ πÕµàÕ∑’Ëª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπæ‘®“√≥“Õπÿ¡—µ‘„π≈”¥—∫µàÕ‰ª

(π“¬∫«√»—°¥‘Ï Õÿ«√√≥‚≥) ª√–∏“π§≥–°√√¡°“√µ√«® Õ∫

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Report of the Audit Committee for the Year 2005 In the 2005 fiscal year, the Audit Committee held four meetings with the management of the Company and its subsidiaries, internal auditors and auditors. The meeting was to discuss and analyze information from relevant parties before proposing to the Board of Directors for further consideration and at the same time to provide recommendations in various areas. Details are as follows. 1. Review the interim financial statements and the 2005 financial statements. In this regard, having inquired the auditor and the internal auditor and having sought comments from the management, the Audit Committee was of the opinion that the financial statements were valid and its material contents were very much in line with Thailandûs generally-accepted accounting principles (GAAP). In addition, all connected intercompany transactions were duly disclosed with adequate details. 2. Review and approve the risk-based internal audit plan whereby the management was told to improve the Companyûs internal control system for better and more efficient risk management practices. In addition, there were attempts to develop staffûs skil s in internal control capabilities as well as to improve the Audit Officeûs operation by providing training, opportunities to work with specialists and proper information technology. 3. Review assessment results of the efficiency and the effectiveness of the Companyûs internal control system as well as its compliance with obligations, commitment given to the third party and related laws and regulations of the Company itself and seven other subsidiary companies. In this regard, the Audit Committee was of the opinion that both the Company and its subsidiaries had an appropriate internal control system and nothing essential was found in terms of failure to comply with related terms, commitments or laws and regulations. Besides, the Audit Committee had also followed up with the development of several operation systems which would improve the Companyûs internal control. In the 2005 fiscal year, the Audit Committee had resolved in major issues as follows. 1) Recommend the Company to closely monitor performances of its subsidiaries both in terms of operation results (profit/loss) and financial ratios by comparing with their targets to ensure that their business plans can be updated in time to meet the current market situation. 2) Follow-up and report the situation of water levels in reservoirs to the Board of Directors on a regular basis; emphasize on conducting additional studies with related government agencies with regard to the industryûs demands for raw water in general 3) Improve a debt collection system and a control granted credit system of subsidiary companies for better efficiency 4) Require the subsidiaries to improve their quality control procedures and a customer complaint follow-up system for better response 5) Recommend an improvement of the groupûs information technology with regard to its accounting system to ensure that the closing and preparing of financial report at fisical year is managed puncutually while enabling to support the auditorûs work 6) Recommend the Company and its subsidiaries to develop the system for better efficiency in project monitoring and management 7) Support and allow the management and staff in the Company and its subsidiaries to have a better understanding in corporate governance both in the principles and practical points of view, starting from new stuffûs orientation, announcing the principles of good corporate governance, publishing a manual on çEmployeesû Business Ethicsé and launching a project on çpromotion of corporate governance.é

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(8) Self-assessing of the Audit Committees efficiency so that it remains transparent, credible and widely acceptable since the Audit Committeeûs task involves an exercise of its discretion and that it has full responsibility and accountability for the missions it has been entrusted to achieve. The Audit Committee has compared the auditing fees for the 2006 fiscal year from leading auditors and found that Mrs. Saifon Inkaew, License No. 4434 or Ms. Rattana Jala, License No. 3734 or Mr. Narong Pantawong, License No. 3315 of Ernst & Young Office Limited, has proposed an appropriate fee and therefore is recommended as the Companyûs auditor to the Board of Directors, which wil then propose them to the General Shareholdersû Meeting for approval.

Mr. Bowornsak Uwanno Chairman of the Audit Committee

√“¬ß“πª√–®”ªï 2548

√“¬°“√√–À«à“ß°—π Connected Transactions ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ ¡’√“¬°“√√–À«à“ß°—π°—∫∫ÿ§§≈∑’ËÕ“® ¡’º≈ª√–‚¬™πå¢—¥·¬âß (≥ 30 °.¬. 48) ‰¥â·°à °“√®”Àπà“¬πÈ”·≈– °“√„Àâ∫√‘°“√°—∫ºŸ∂â Õ◊ Àÿπâ √“¬„À≠à ´÷ßË ‰¥â· ¥ß√“¬≈–‡Õ’¬¥„πÀ¡“¬‡Àµÿ ª√–°Õ∫ß∫°“√‡ß‘π‰«â·≈â« πÕ°®“°π—πÈ ¬—ß¡’√“¬°“√√–À«à“ß°—πÕ◊πË ¥—ßπ’È °“√„Àâ∫√‘°“√®â“ßº≈‘µπÈ”ª√–ª“·≈–∫”√ÿß√—°…“√–∫∫º≈‘µπÈ” ª√–ª“·°à∫√‘…—∑ ‡ÕÁ°§Õ¡∏“√“ ®”°—¥ (1) √“¬≈–‡Õ’¬¥√“¬°“√√–À«à“ß°—π ∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ (UU) ´÷ßË ‡ªìπ∫√‘…∑— ¬àÕ¬ °—∫ ∫√‘…∑— ‡ÕÁ°§Õ¡∏“√“ ®”°—¥ ´÷ßË ∫√‘…∑— œ ∂◊ÕÀÿπâ „π —¥ à«π√âÕ¬≈– 15 ·≈–¡’ ∫¡®.º≈‘µ‰øøÑ“ ∂◊ÕÀÿπâ √à«¡„π —¥ à«π√âÕ¬≈– 70 ·≈– ∫¡®.º≈‘µ ‰øøÑ“ ∂◊ÕÀÿπâ „π∫√‘…∑— œ „π —¥ à«π√âÕ¬≈– 18.92 ≥ «—π∑’Ë 30 °—π¬“¬π 2548 (2) ≈—°…≥–√“¬°“√ UU „Àâ∫√‘°“√·°à∫√‘…∑— ‡ÕÁ°§Õ¡∏“√“ ®”°—¥ „π°“√º≈‘µπÈ”ª√–ª“ ·≈–∫”√ÿß√—°…“√–∫∫º≈‘µπÈ”ª√–ª“·≈–∑àÕ àßπÈ”¢Õß‚√ßß“πº≈‘µπÈ” ª√–ª“À≈—°‡¡◊Õß ·≈–‚√ßß“πº≈‘µπÈ”ª√–ª“·æßæ«¬ ®—ßÀ«—¥√“™∫ÿ√’ ·≈– ¡ÿ∑√ ß§√“¡ ‚¥¬§‘¥§à“∫√‘°“√µ“¡‡ß◊ËÕπ‰¢µ“¡ —≠≠“∑’Ë‰¥â‡ªî¥ ª√–°«¥√“§“°—∫∫ÿ§§≈¿“¬πÕ° (3) ¡Ÿ≈§à“√“¬°“√√–À«à“ß°—π ªï 2548 „πªï 2548 ∫√‘…—∑ UU ¡’√“¬‰¥â§à“∫√‘°“√®“° ∫®.‡ÕÁ°§Õ¡ ∏“√“ ®”π«π 22.92 ≈â“π∫“∑ π‚¬∫“¬À√◊Õ·π«‚πâ¡°“√∑”√“¬°“√√–À«à“ß°—π„πÕπ“§µ √“¬°“√√–À«à“ß°—π¢Õß∫√‘…∑— œ ∑’®Ë –‡°‘¥¢÷πÈ „πÕπ“§µ ∫√‘…∑— œ ®–¥”‡π‘π°“√„Àâ‡ªìπ‰ª„π√“§“¬ÿµ∏‘ √√¡·≈–µ“¡ ¿“æµ≈“¥„π≈—°…≥– ∏ÿ√°‘®∑—Ë«‰ª ‚¥¬∫√‘…—∑œ ®–ªØ‘∫—µ‘µ“¡°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å ·≈–µ≈“¥À≈—°∑√—æ¬å ¢âÕ∫—ß§—∫ ª√–°“» §” —Ëß À√◊Õ¢âÕ°”Àπ¥¢Õß µ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ √«¡µ≈Õ¥∂÷ß°“√ªØ‘∫—µ‘µ“¡¢âÕ °”Àπ¥‡°’Ë¬«°—∫°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈°“√∑”√“¬°“√∑’Ë‡°’Ë¬«‚¬ß ·≈–°“√ ‰¥â¡“À√◊Õ®”Àπà“¬‰ª´÷Ëß ‘π∑√—æ¬å∑’Ë ”§—≠¢Õß∫√‘…—∑œ ∑—Èßπ’ÈÀ“°¡’√“¬°“√√–À«à“ß°—π¢Õß∫√‘…—∑œ ‡°‘¥¢÷Èπ°—∫∫ÿ§§≈∑’Ë Õ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå À√◊Õ¡’ à«π‰¥â à«π‡ ’¬„πÕπ“§µ ∫√‘…—∑œ ®–‡ªî¥‡º¬„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π∑’Ë‰¥â√—∫°“√µ√«® Õ∫®“°ºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑œ

The company and its subsidiaries have connected transactions with persons subject to conflict of interests (as of 30th September 2005), namely, water supply and services to major shareholders which are indicated in the note to financial statements. In addition, the other connected transaction is as follows: The tap water production and waterworks system maintenance services for Egcom Tara Co., Ltd. (1) Details of Connection: The transaction is between Universal Utilities Co., Ltd. (UU) which is the companyûs subsidiary and Egcom Tara Co., Ltd. in which the company held 15% shares and Electricity Generating Public Company Limited (EGCOMP) held 70% shares. EGCOMP held 18.92% shares in the company as of 30 September 2005. (2) Type of Transaction: UU provided services to Egcom Tara Co., Ltd., namely, producing tap water, maintaining tap water production system and water distribution pipeline of Lak Muang tap water production plant and Pang Puay tap water production plant in Ratchaburi and Samut Songkhram by charging the service fees according to open bidding contract. (3) Value of Transaction: In 2005, UU received service fees from Egcom Tara Co., Ltd. totaling 22.92 million baht. Trend or Policy on Future Connected Transactions As for future connected transactions, the company will process such transactions according to normal market conditions at fair price. The company will abide by laws on stock and stock exchange, regulations, announcement, orders or rules set forth by the Stock Exchange of Thailand, including the rules on information disclosure of connected transactions and acquisition or sale of the companyûs significant assets. Should there be the companyûs connected transaction with persons subject to conflict of interests or to stakeholders in the future, the company will disclose the information in the note to financial statements which are inspected by the companyûs auditor.

√“¬ß“πª√–®”ªï 2548

√“¬ß“π§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√∫√‘…—∑œ µàÕ√“¬ß“π∑“ß°“√‡ß‘π §≥–°√√¡°“√∫√‘…∑— œ ‰¥â®¥— „Àâ¡°’ “√®—¥∑”ß∫°“√‡ß‘π ‡æ◊ÕË · ¥ß∞“π–°“√‡ß‘π ·≈–º≈°“√¥”‡π‘πß“π¢Õß∫√‘…∑— œ ª√–®”ªï 2548 ¿“¬„µâ æ√–√“™∫—≠≠—µ∫‘ √‘…∑— ¡À“™π ®”°—¥ æ.». 2535 ‚¥¬§≥–°√√¡°“√∫√‘…∑— œ ‰¥âµ√–Àπ—°∂÷ß¿“√–Àπâ“∑’Ë ·≈–§«“¡√—∫º‘¥™Õ∫„π∞“π–°√√¡°“√∫√‘…∑— ®¥∑–‡∫’¬π„πµ≈“¥À≈—°∑√—æ¬åœ „π°“√‡ªìπºŸ√â ∫— º‘¥™Õ∫µàÕß∫°“√‡ß‘π ·≈–ß∫°“√‡ß‘π√«¡¢Õß∫√‘…∑— œ √«¡∂÷ß “√ π‡∑»∑“ß°“√‡ß‘π∑’ªË √“°Ø„π √“¬ß“πª√–®”ªï 2548 „π°“√π’È §≥–°√√¡°“√∫√‘…∑— œ ‰¥â·µàßµ—ßÈ §≥–°√√¡°“√µ√«® Õ∫ ´÷ßË ª√–°Õ∫¥â«¬°√√¡°“√∑’‡Ë ªìπÕ‘ √–·≈–‰¡à‡ªìπºŸ∫â √‘À“√¢Õß∫√‘…∑— œ ‡ªìπºŸ¥â ·Ÿ ≈√—∫º‘¥™Õ∫‡°’¬Ë «°—∫§ÿ≥¿“æ°“√√“¬ß“π∑“ß°“√‡ß‘π ·≈– Õ∫∑“πª√– ‘∑∏‘º≈¢Õß√–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…∑— œ ·≈–∫√‘…∑— „π‡§√◊Õ ‡æ◊ËÕ„Àâ¡—Ëπ„®‰¥âÕ¬à“ß ¡‡Àµÿº≈«à“ °“√∫—π∑÷°¢âÕ¡Ÿ≈∑“ß∫—≠™’¡’§«“¡∂Ÿ°µâÕß §√∫∂â«π ·≈– “¡“√∂¥”√ß√—°…“∑√—æ¬å ‘π √«¡∑—Èß‡ªìπ·π«∑“ß „Àâ∫√‘…—∑œ ·≈–∫√‘…—∑„π‡§√◊Õ‰¥â√—∫∑√“∫‡æ◊ËÕªÑÕß°—π‰¡à„Àâ‡°‘¥°“√∑ÿ®√‘µ À√◊Õ°“√¥”‡π‘π°“√∑’Ëº‘¥ª°µ‘Õ¬à“ß¡’ “√– ”§—≠ ´÷Ëß§«“¡‡ÀÁπ¢Õß §≥–°√√¡°“√µ√«® Õ∫‡°’Ë¬«°—∫‡√◊ËÕßπ’È ª√“°Ø„π√“¬ß“π¢Õß§≥–°√√¡°“√µ√«® Õ∫ µ“¡∑’Ë· ¥ß‰«â„π√“¬ß“πª√–®”ªï©∫—∫π’È·≈â« ¥—ßπ—πÈ §≥–°√√¡°“√∫√‘…∑— œ ®÷ß¡’§«“¡‡ÀÁπ«à“ ∫√‘…∑— œ ‰¥â„™â ¥ÿ≈¬æ‘π®‘ Õ¬à“ß√Õ∫§Õ∫ √–¡—¥√–«—ß ¡‡Àµÿ ¡º≈ ·≈–„™â«∏‘ °’ “√ª√–¡“≥°“√ ∑’¥Ë ∑’ ’Ë ¥ÿ „π°“√®—¥∑”ß∫°“√‡ß‘π¥—ß°≈à“« ¿“¬„µâπ‚¬∫“¬ °“√∫—≠™’∑‡’Ë À¡“– ¡ ·≈–∂◊ÕªØ‘∫µ— Õ‘ ¬à“ß ¡Ë”‡ ¡Õ Õ¥§≈âÕßµ“¡¡“µ√∞“π°“√∫—≠™’ ∑’Ë√—∫√Õß∑—Ë«‰ª¢Õßª√–‡∑»‰∑¬ √«¡∑—Èß‰¥â‡ªî¥‡º¬¢âÕ¡Ÿ≈ ”§—≠Õ¬à“ß‡æ’¬ßæÕ„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π·≈â«

( ÿ®√‘µ ªí®©‘¡π—π∑å) ª√–∏“π§≥–°√√¡°“√∫√‘…—∑œ

(«—π™—¬ À≈àÕ«—≤πµ√–°Ÿ≈) °√√¡°“√ºŸâÕ”π«¬°“√„À≠à

Report of the Board of Directorsû Responsibility towards the Financial Statements The Board of Directors have the financial statement prepared to show financial status and business performance of the company in 2005 according to the Public Limited Company Act of B.E. 2535 (1992). The Board of Directors are aware of the duty and accountability as director of the company registered in the Stock Exchange of Thailand for the companyûs financial statement and consolidated financial statement including the financial information which appears in the 2005 annual report. In this regard, the Board of Directors appoint the Audit Committee which consists of independent directors to oversee the quality of the financial statement and the verification of the internal control efficiency of the company and its subsidiaries to ensure that the financial accounts are completely and accurately recorded to preserve the assets, provide a guideline for the company and its subsidiaries and to prevent the corruption or any substantial irregular activities. The reviews of the Audit Committee are presented in this annual report. The Board of Directors hereby certify that the company has employed its careful and reasonable consideration and the best calculation approach in preparing the financial statement under the appropriate accounting policy which is consistent and complies with Thailandûs certified accounting standard with sufficient disclosure of significant information in the Note to Financial Statement.

(Sujarit Patchimnun) Chairman, Board of Directors

(Wanchai Lawatanatrakul) President and CEO

√“¬ß“πª√–®”ªï 2548

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ß∫°“√‡ß‘π√«¡ 2548 2547 (ª√—∫ª√ÿß„À¡à)

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 (ª√—∫ª√ÿß„À¡à)

335,761,872 152,907,371 719,810,703 1,993,291,155

204,643,384 31,741,553 719,664,771 1,993,146,379

136,874,793 120,872,091 214,511,612 69,365,025 351,386,405 190,237,116

81,768,771 39,763,333 121,532,104

76,866,210 40,184,831 117,051,041

5,475,887 7,277,633 8,535,405 29,690,716 14,011,292 36,968,349 3,761,271 2,276,627 3,241,202 2,160,027 180,000,000 160,000,000 149,335,155 88,283,191 14,996,138 23,242,611 10,476,550 6,714,827 67,610,922 27,388,350 53,738,285 88,988 60,723,635 107,163,499 54,407,718 38,451,774 1,717,397,393 2,621,758,269 1,347,704,014 2,349,354,589 28,936,370 46,490,617 10,356,000 37,291,133 698,451 614,953,473 590,357,945 85,387,500 85,387,500 85,387,500 85,387,500 190,724,531 190,724,531 330,890,000 72,890,000 5,631,045,032 4,054,439,646 4,745,511,510 3,425,855,621 187,768,130 196,205,646 69,722,983 72,834,095

177,537,961 759,287 177,537,961 759,287 20,380,846 16,877,005 8,213,042 9,606,732 197,918,807 17,636,292 185,751,003 10,366,019 6,391,503,353 4,473,692,247 6,163,574,017 4,222,148,218 8,108,900,746 7,095,450,516 7,511,278,031 6,571,502,807

√“¬ß“πª√–®”ªï 2548

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ß∫°“√‡ß‘π√«¡ 2548 2547 (ª√—∫ª√ÿß„À¡à)

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50,000,000

60,000,000

1,860,000 149,543,588 151,403,588 -

467,958 58,543,599 86,011,557 10,284,120

6,307,595 7,520,181 13,827,776 -

32,500,000 28,000,000 325,000,000 717,837,148 16,888,611 27,132,644 28,273,245 106,454,259 81,747,277 48,572,703 14,250,778 193,259,496 91,524,683 1,093,256,250 232,684,594 1,327,159,838 741,980,271

237,000,000 2,500,000,000 27,818,958 2,764,818,958 4,091,978,796

12,047,523 12,047,523 -

325,000,000

670,089,229 26,966,220 89,438,193 125,952,938 70,579,081 983,025,661 996,853,437

13,156,233 26,966,220 79,616,351 8,476,327 68,958,672 197,173,803 534,221,326

269,500,000 2,500,000,000 2,500,000,000 2,500,000,000 13,927,559 17,712,818 9,957,588 2,783,427,559 2,517,712,818 2,509,957,588 3,525,407,830 3,514,566,255 3,044,178,914

√“¬ß“πª√–®”ªï 2548

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ß∫°“√‡ß‘π√«¡ 2548 2547 (ª√—∫ª√ÿß„À¡à)

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1,665,000,000 1,665,000,000 1,665,000,000 1,665,000,000

127,292,613 1,377,448,905 3,527,323,893 42,718,793 3,570,042,686 7,095,450,516

152,408,912 1,365,754,104 3,996,711,776 3,996,711,776 7,511,278,031

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

ª√–∏“π°√√¡°“√ (π“¬ ÿ®√‘µ ªí®©‘¡π—π∑å)

°√√¡°“√ºŸâÕ”π«¬°“√„À≠à (π“¬«—π™—¬ À≈àÕ«—≤πµ√–°Ÿ≈)

127,292,613 1,377,448,905 3,527,323,893 3,527,323,893 6,571,502,807

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫°”‰√¢“¥∑ÿπ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547

À¡“¬‡Àµÿ √“¬‰¥â √“¬‰¥â®“°°“√¢“¬πÈ”¥‘∫ √“¬‰¥â®“°°“√¢“¬Õ◊Ëπ Ê √«¡√“¬‰¥â®“°°“√¢“¬ √“¬‰¥â®“°°“√„Àâ∫√‘°“√ ¥Õ°‡∫’È¬√—∫·≈–‡ß‘πªíπº≈√—∫ °”‰√®“°°“√®”Àπà“¬Àπà«¬≈ß∑ÿπ à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬ √“¬‰¥âÕ◊Ëπ √«¡√“¬‰¥â §à“„™â®à“¬ µâπ∑ÿπ¢“¬πÈ”¥‘∫ µâπ∑ÿπ¢“¬Õ◊Ëπ √«¡µâπ∑ÿπ¢“¬ µâπ∑ÿπ∫√‘°“√ §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ §à“„™â®à“¬„π°“√æ—≤π“§ÿ≥¿“æ™’«‘µ·≈– ‘Ëß·«¥≈âÕ¡ §à“µÕ∫·∑π°√√¡°“√ ¢“¥∑ÿπ®“°°“√®”Àπà“¬Àπà«¬≈ß∑ÿπ à«π·∫àß¢“¥∑ÿπ®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬ √«¡§à“„™â®à“¬ °”‰√°àÕπ¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â ¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈ °”‰√°àÕπ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ ¢“¥∑ÿπ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ °”‰√ ÿ∑∏‘ ”À√—∫ªï °”‰√µàÕÀÿâπ °”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√ ÿ∑∏‘ °”‰√µàÕÀÿâπª√—∫≈¥ °”‰√ ÿ∑∏‘ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

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1,317,758,309 553,837,722 1,871,596,031 159,889,323 55,743,008 6,344,450 2,093,572,812

1,235,162,319 1,344,056,477 1,256,940,393 417,207,293 66,207,960 32,059,817 1,652,369,612 1,410,264,437 1,289,000,210 150,283,839 4,021,104 5,435,527 24,480,640 70,879,863 33,158,624 67,965,233 67,965,233 24,595,528 4,247,120 5,547,497 6,136,116 1,899,346,444 1,515,308,429 1,401,695,710

506,591,420 374,520,439 881,111,859 130,166,679 203,662,362 14,864,932 32,678,064 3,595,428 1,266,079,324 827,493,488 (142,951,313) (206,728,171) 477,814,004 22,236,619 500,050,623

462,954,685 511,263,902 464,283,897 302,616,979 65,368,292 32,149,385 765,571,664 576,632,194 496,433,282 138,397,684 3,620,765 5,777,942 145,830,504 88,041,628 71,025,329 12,285,475 13,848,032 11,845,574 19,996,924 21,980,679 12,305,671 3,595,428 135,702 2,537,362 1,082,217,953 707,718,726 599,925,160 817,128,491 807,589,703 801,770,550 (216,492,524) (127,029,107) (197,012,270) (179,269,934) (180,509,973) (163,445,757) 421,366,033 500,050,623 441,312,523 19,946,490 441,312,523 500,050,623 441,312,523

28 0.39

0.44

0.39

0.44

0.39

0.44

0.39

0.44

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 µÿ≈“§¡ 2546 - µ“¡∑’Ë‡§¬ ‰¥â√“¬ß“π √“¬°“√ª√—∫ª√ÿßªï°àÕπ (À¡“¬‡Àµÿ 23) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 µÿ≈“§¡ 2546 - À≈—ß√“¬°“√ ª√—∫ª√ÿß µ—¥®”Àπà“¬∑√—æ¬å ‘π∑’Ë‰¥â√—∫‚Õπ®“°≈Ÿ°§â“ à«π‡°‘π∑ÿπ®“°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ≈¥≈ß ”√Õßµ“¡°ÆÀ¡“¬ (À¡“¬‡Àµÿ 21) ‡ß‘πªíπº≈®à“¬ (À¡“¬‡Àµÿ 22) °”‰√ ÿ∑∏‘ ”À√—∫ªï ¢“¥∑ÿπ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 30 °—π¬“¬π 2547 µ—¥®”Àπà“¬∑√—æ¬å ‘π∑’Ë‰¥â√—∫‚Õπ®“°≈Ÿ°§â“ ‡æ‘¡Ë ∑ÿπÀÿπâ “¡—≠ à«π‡°‘π∑ÿπ®“°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ‡æ‘Ë¡¢÷Èπ ”√Õßµ“¡°ÆÀ¡“¬ (À¡“¬‡Àµÿ 21) ‡ß‘πªíπº≈®à“¬ (À¡“¬‡Àµÿ 22) °”‰√ ÿ∑∏‘ ”À√—∫ªï ¢“¥∑ÿπ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 30 °—π¬“¬π 2548

à«π‡°‘π ¡Ÿ≈§à“Àÿπâ 977,889,832 977,889,832 977,889,832 144,457,000 1,122,346,832

∑ÿπ‡√◊ÕπÀÿâπ∑’ËÕÕ° ·≈–™”√–·≈â« 1,000,000,000 1,000,000,000 1,000,000,000 299,687,000 1,299,687,000

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547

(3,471,652) 56,514,928

63,467,744 (3,481,164) 59,986,580

63,467,744

23,188,290 (38,482,327) (15,294,037) 15,294,037 -

23,188,290

105,000,000 22,292,613 127,292,613 25,116,299 152,408,912

105,000,000

1,158,428,995 (22,292,613) (200,000,000) 441,312,523 1,377,448,905 (25,116,299) (486,629,125) 500,050,623 1,365,754,104

(18,948,649)

1,177,377,644

à«π‡°‘π∑ÿπ (µË”°«à“ °”‰√ – ¡ ∑ÿπ) ∑’‡Ë °‘¥®“°°“√ ∑√—æ¬å π‘ ∑’‰Ë ¥â ‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“ ®—¥ √√·≈â« ”√Õß √—∫‚Õπ®“°≈Ÿ°§â“ µ“¡°ÆÀ¡“¬ ¬—ß‰¡à‰¥â®¥— √√ ‡ß‘π≈ß∑ÿπ

∫“∑ ß∫°“√‡ß‘π√«¡

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ

62,805}683 (140,400) (19,946,490) 42,718,793 (272,000) (22,236,619) 20,210,174

62,805,683

à«π¢ÕßºŸ∂â Õ◊ Àÿπâ à«ππâÕ¬

3,390,780,544 (3,481,164) (38,482,327) (200,140,400) 441,312,523 (19,946,490) 3,570,042,686 (3,471,652) 444,144,000 15,294,037 (486,901,125) 500,050,623 (22,236,619) 4,016,921,950

(18,948,649)

3,409,729,193

√«¡

√“¬ß“πª√–®”ªï 2548 60

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 µÿ≈“§¡ 2546 - µ“¡∑’‡Ë §¬‰¥â√“¬ß“π √“¬°“√ª√—∫ª√ÿßªï°àÕπ (À¡“¬‡Àµÿ 23) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 µÿ≈“§¡ 2546 - À≈—ß√“¬°“√ª√—∫ª√ÿß µ—¥®”Àπà“¬∑√—æ¬å ‘π∑’Ë‰¥â√—∫‚Õπ®“°≈Ÿ°§â“ à«π‡°‘π∑ÿπ®“°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ≈¥≈ß ”√Õßµ“¡°ÆÀ¡“¬ (À¡“¬‡Àµÿ 21) ‡ß‘πªíπº≈®à“¬ (À¡“¬‡Àµÿ 22) °”‰√ ÿ∑∏‘ ”À√—∫ªï ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 30 °—π¬“¬π 2547 µ—¥®”Àπà“¬∑√—æ¬å ‘π∑’Ë‰¥â√—∫‚Õπ®“°≈Ÿ°§â“ ‡æ‘Ë¡∑ÿπÀÿâπ “¡—≠ à«π‡°‘π∑ÿπ®“°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ‡æ‘Ë¡¢÷Èπ ”√Õßµ“¡°ÆÀ¡“¬ (À¡“¬‡Àµÿ 21) ‡ß‘πªíπº≈®à“¬ (À¡“¬‡Àµÿ 22) °”‰√ ÿ∑∏‘ ”À√—∫ªï ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 30 °—π¬“¬π 2548

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547

à«π‡°‘π ¡Ÿ≈§à“Àÿπâ

977,889,832 977,889,832 977,889,832 144,457,000 1,122,346,832

∑ÿπ‡√◊ÕπÀÿâπ∑’ËÕÕ° ·≈–™”√–·≈â«

1,000,000,000 1,000,000,000 1,000,000,000 299,687,000 1,299,687,000 63,467,744 63,467,744 (3,481,164) 59,986,580 (3,471,652) 56,514,928

23,188,290 (38,482,327) (15,294,037) 15,294,037 -

23,188,290

105,000,000 1,177,377,644 (18,948,649) 105,000,000 1,158,428,995 22,292,613 (22,292,613) (200,000,000) 441,312,523 127,292,613 1,377,448,905 25,116,299 (25,116,299) (486,629,125) 500,050,623 152,408,912 1,365,754,104

∫“∑ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…∑—

3,346,923,510 (18,948,649) 3,327,974,861 (3,481,164) (38,482,327) (200,000,000) 441,312,523 3,527,323,893 (3,471,652) 444,144,000 15,294,037 (486,629,125) 500,050,623 3,996,711,776

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61 √“¬ß“πª√–®”ªï 2548

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡ 2548 2547 (ª√—∫ª√ÿß„À¡à) °√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π °”‰√ ÿ∑∏‘ √“¬°“√ª√—∫°√–∑∫°”‰√ ÿ∑∏‘‡ªìπ‡ß‘π ¥√—∫(®à“¬) ®“°°‘®°√√¡¥”‡π‘πß“π : à«π·∫àß¢“¥∑ÿπ(°”‰√)®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π¢“¥∑ÿπ ÿ∑∏‘¢Õß∫√‘…—∑¬àÕ¬ ”√Õß‡º◊ËÕ°“√≈¥≈ß¢Õß¡Ÿ≈§à“ ‘π§â“§ß‡À≈◊Õ ‚Õπ°≈—∫§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ §à“‡ ◊ËÕ¡√“§“ µâπ∑ÿπ°“√‰¥â¡“´÷Ëß —¡ª∑“πµ—¥∫—≠™’ §à“∏√√¡‡π’¬¡°“√√—∫ª√–°—π°“√®”Àπà“¬ ·≈–®—¥®”Àπà“¬Àÿâπ°Ÿâµ—¥∫—≠™’ ∑√—æ¬å ‘π∑’Ë‰¥â√—∫‚Õπ®“°≈Ÿ°§â“µ—¥∫—≠™’ ¢“¥∑ÿπ®“°°“√®”Àπà“¬ ‘π∑√—æ¬å∂“«√ §à“§«“¡π‘¬¡µ—¥®”Àπà“¬ °”‰√®“°°“√¥”‡π‘πß“π°àÕπ°“√‡ª≈’Ë¬π·ª≈ß „π ‘π∑√—æ¬å·≈–Àπ’È ‘π¥”‡π‘πß“π ‘π∑√—æ¬å¥”‡π‘πß“π(‡æ‘Ë¡¢÷Èπ)≈¥≈ß ≈Ÿ°Àπ’È°“√§â“ ‚§√ß°“√≈¥πÈ” Ÿ≠‡ ’¬√Õ√—∫™”√– √“¬‰¥â§â“ß√—∫ ‘π§â“§ß‡À≈◊Õ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊πË ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ Àπ’È ‘π¥”‡π‘πß“π‡æ‘Ë¡¢÷Èπ(≈¥≈ß) ‡®â“Àπ’È°“√§â“ ¥Õ°‡∫’¬È §â“ß®à“¬ ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈§â“ß®à“¬ ‡®â“Àπ’ÈÕ◊Ëπ Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ ‡ß‘πª√–°—πº≈ß“π ‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“°°‘®°√√¡¥”‡π‘πß“π À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 (ª√—∫ª√ÿß„À¡à)

500,050,623 441,312,523

500,050,623

441,312,523

135,702 (22,236,619) (19,946,490) 1,140,529 (1,897,079) (452,921) 211,467,050 196,836,410 3,111,112 3,119,634

(24,595,528) (1,897,079) 149,225,859 -

2,537,362 (452,921) 140,837,876 -

1,341,856 (3,471,652) 56,668 8,437,516

2,166,065 (3,481,164) 8,930 8,283,236

1,341,856 (3,471,652) 2,481 -

2,166,065 (3,481,164) -

698,000,004 627,981,925

620,656,560

582,919,741

(159,252,210) (40,347,453) 22,957,057 69,939,094 (1,484,644) (62,192,493) (50,222,880) 12,385,966 (75,874,821) (3,489,385) (8,670,957)

(2,583,984) (1,081,175) (74,901,204) 1,408,147

(3,756,975) (1,530,051) (4,867,466)

65,392,031 (787,697) (1,103,482) (11,599,979) 24,706,982 22,409,764 119,674,567 (35,302,050) 13,891,399 (4,068,235) 729,485,792 493,456,711

1,780,253 9,821,842 117,476,611 (11,535,824) 7,755,230 668,796,456

3,782,989 (11,400,903) 22,774,109 4,911,323 3,089,964 (2,978,413 592,944,318

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫°√–· ‡ß‘π ¥ (µàÕ) ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡ 2548 2547 (ª√—∫ª√ÿß„À¡à) °√–· ‡ß‘π ¥®“°°‘®°√√¡≈ß∑ÿπ ‡ß‘πΩ“°ª√–®”∑’Ë¡’¿“√–§È”ª√–°—π≈¥≈ß(‡æ‘Ë¡¢÷Èπ) ‡ß‘π≈ß∑ÿπ™—Ë«§√“«≈¥≈ß(‡æ‘Ë¡¢÷Èπ) ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à∫√‘…—∑¬àÕ¬‡æ‘Ë¡¢÷Èπ ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬–¬“«·°à∫√‘…—∑¬àÕ¬≈¥≈ß(‡æ‘Ë¡¢÷Èπ) ‡ß‘π ¥®à“¬≈à«ßÀπâ“§à“«“ß∑àÕ≈¥≈ß(‡æ‘Ë¡¢÷Èπ) ‡ß‘π≈ß∑ÿπ√–¬–¬“«- ÿ∑∏‘®“°‡ß‘π ¥√—∫≈¥≈ß ‡ß‘π ¥√—∫®“°°“√®”Àπà“¬ ‘π∑√—æ¬å∂“«√ ‡ß‘π ¥®à“¬´◊ÈÕ ‘π∑√—æ¬å∂“«√ ‡ß‘π ¥ ÿ∑∏‘„™â‰ª„π°‘®°√√¡≈ß∑ÿπ

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 (ª√—∫ª√ÿß„À¡à)

17,554,247 (8,699,601) 26,935,133 (7,939,500) 1,098,049,958 (439,993,378) 1,098,051,114 (471,850,581) (20,000,000) (134,972,603 (258,000,000) 52,470,000 (176,778,674) 3,281,915 (176,778,674) 2,261,601 698,451 405,634 76,960 298,372 (1,070,519,662) (208,588,521) (798,915,445) (139,409,725) (130,590,046) (653,922,625) (128,409,500) (699,440,808)

°√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π (10,000,000) 55,000,000 ‡ß‘π ¥√—∫(®à“¬§◊π)®“°°“√°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π ‡ß‘π ¥√—∫(®à“¬§◊π)®“°°“√°Ÿâ¬◊¡√–¬– —Èπ®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π (10,284,120) 10,284,120 (28,000,000) 41,308,309 ‡ß‘π ¥√—∫(®à“¬§◊π)®“°°“√°Ÿâ¬◊¡√–¬–¬“«®“° ∂“∫—π°“√‡ß‘π (325,000,000) ‡ß‘π ¥®à“¬§◊πµ—Î«·≈°‡ß‘π§√∫°”Àπ¥ (325,000,000) ‡ß‘π ¥√—∫®“°°“√ÕÕ°Àÿâπ°Ÿâ 2,500,000,000 2,500,000,000 ‡ß‘π ¥®à“¬§◊πÀÿâπ°Ÿâ (2,200,000,000) (2,200,000,000) 444,144,000 ‡ß‘π ¥√—∫®“°°“√‡æ‘Ë¡∑ÿπ 444,144,000 (486,901,125) (200,140,400) (486,629,125) (200,000,000) ‡ß‘πªíπº≈®à“¬ (416,041,245) 206,452,029 (367,485,125) 100,000,000 ‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“°(„™â‰ª„π)°‘®°√√¡®—¥À“‡ß‘π 182,854,501 45,986,115 172,901,831 (6,496,490) ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥‡æ‘Ë¡¢÷Èπ(≈¥≈ß) ÿ∑∏‘ 152,907,371 106,921,256 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≥ «—π∑’Ë 1 µÿ≈“§¡ 31,741,553 38,238,043 335,761,872 152,907,371 204,643,384 31,741,553 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≥ «—π∑’Ë 30 °—π¬“¬π ¢âÕ¡Ÿ≈‡æ‘¡Ë ‡µ‘¡ª√–°Õ∫°√–· ‡ß‘π ¥ ‡ß‘π ¥®à“¬√–À«à“ßªï ”À√—∫ :¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈

167,951,142 232,562,553 196,251,010 162,624,032

128,800,000 174,666,836

198,000,000 140,672,504

√“¬°“√∑’Ë‰¡à‡°’Ë¬«¢âÕß°—∫°√–· ‡ß‘π ¥ :°“√´◊ÈÕ∑√—æ¬å ‘π‚¥¬°“√°àÕÀπ’È ‘π

717,837,148

670,089,229

13,156,233

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

16,888,611

√“¬ß“πª√–®”ªï 2548

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∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®Ì“°—¥ (¡À“™π) (ç∫√‘…—∑œé) ‡ªìπ∫√‘…—∑®¥∑–‡∫’¬π„πµ≈“¥À≈—°∑√—æ¬å·Ààß ª√–‡∑»‰∑¬ ‚¥¬¡’º∂Ÿâ Õ◊ Àÿπâ √“¬„À≠à ‰¥â·°à °“√ª√–ª“ à«π¿Ÿ¡¿‘ “§ ∫√‘…∑— œ¥Ì“‡π‘π∏ÿ√°‘®„π°“√æ—≤π“·≈–¥Ÿ·≈√–∫∫∑àÕ àßπÈ” “¬À≈—°„πæ◊πÈ ∑’Ë ∫√‘‡«≥™“¬Ωíßò ∑–‡≈¿“§µ–«—πÕÕ°·≈–ª√–°Õ∫∏ÿ√°‘®‡™‘ßæ“≥‘™¬å„π°“√´◊ÕÈ πÈ”®“°·À≈àßπÈ”¥‘∫¢Õß∑“ß√“™°“√¡“¢“¬„Àâ°∫— ºŸµâ Õâ ß°“√„™âπÈ”∫√‘…∑— œ ‰¥â∑“Ì —≠≠“°—∫°√–∑√«ß°“√§≈—ß‡æ◊ÕË ‡¢â“∫√‘À“√√–∫∫∑àÕ àßπÈ” “¬À≈—°„πæ◊πÈ ∑’¥Ë ß— °≈à“«µ“¡ —≠≠“≈ß«—π∑’Ë 26 ∏—π«“§¡ æ.». 2536 ¡’°“Ì Àπ¥√–¬– ‡«≈“ 30 ªï ‚¥¬∑’Ë∫√‘…—∑œ®–µâÕß®à“¬º≈ª√–‚¬™πåµÕ∫·∑π„Àâ°√–∑√«ß°“√§≈—ß µ“¡∑’Ë°Ì“Àπ¥„π —≠≠“ ∫√‘…—∑œ¡’∑’ËÕ¬Ÿà®¥∑–‡∫’¬πµ—ÈßÕ¬Ÿà‡≈¢∑’Ë 9/9 ∂ππ«‘¿“«¥’√—ß ‘µ ‡¢µÀ≈—° ’Ë °√ÿß‡∑æ¡À“π§√ 2. ‡°≥±å „π°“√®—¥∑”ß∫°“√‡ß‘π√«¡

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∫√‘…—∑¬àÕ¬

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100

∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥

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∫√‘…∑— ¬àÕ¬∑’∂Ë Õ◊ ‚¥¬∫√‘…∑— ¬Ÿπ‡‘ «Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ ∫√‘…—∑ ª√–ª“ ©–‡™‘ß‡∑√“ ®”°—¥ ∫√‘…—∑ ª√–ª“ ∫“ßª–°ß ®”°—¥ ∫√‘…—∑ ª√–ª“ π§√ «√√§å ®”°—¥

º≈‘µ·≈–®”Àπà“¬πÈ”ª√–ª“ º≈‘µ·≈–®”Àπà“¬πÈ”ª√–ª“ º≈‘µ·≈–®”Àπà“¬πÈ”ª√–ª“

99 99 100

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√“¬ß“πª√–®”ªï 2548

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√“¬ß“πª√–®”ªï 2548

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√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 3.7 °“√∫—π∑÷°µâπ∑ÿπ°“√°Ÿ¬â ¡◊ ‡ß‘π‡ªìπ√“§“∑ÿπ¢Õß∑√—æ¬å π‘ µâπ∑ÿπ°“√°Ÿ¬â ¡◊ ´÷ßË ‡°’¬Ë «‡π◊ÕË ß°—∫‡ß‘π°Ÿ¬â ¡◊ ∑’°Ë ¡Ÿâ “‚¥¬‡©æ“– ”À√—∫°“√®—¥À“ ‘π∑√—æ¬å∂“«√®–∂Ÿ°π”‰ª√«¡‡ªìπ à«πÀπ÷ßË ¢Õß√“§“ ∑ÿπ¢Õß ‘π∑√—æ¬å∂“«√®π°«à“ ‘π∑√—æ¬å∂“«√π—Èπ®–Õ¬Ÿà„π ¿“ææ√âÕ¡∑’Ë®–„™âß“π 3.8 ‘π∑√—æ¬å‰¡à¡µ’ «— µπ·≈–§à“µ—¥®”Àπà“¬ °) §à“∏√√¡‡π’¬¡°“√√—∫ª√–°—π°“√®Ì“Àπà“¬·≈–®—¥®Ì“Àπà“¬Àÿπâ °Ÿ√â Õµ—¥∫—≠™’µ¥— ∫—≠™’‡ªìπ§à“„™â®“à ¬‚¥¬«‘∏‡’ âπµ√ß¿“¬„π√–¬–‡«≈“ 4 ·≈– 7 ªïµ“¡Õ“¬ÿ¢ÕßÀÿâπ°Ÿâ ¢) µâπ∑ÿπ°“√‰¥â¡“´÷Ëß —¡ª∑“π¢Õß∫√‘…—∑¬àÕ¬ ª√–°Õ∫¥â«¬§à“∑’Ëª√÷°…“·≈–§à“„™â®à“¬‚¥¬µ√ß„π°“√„Àâ‰¥â¡“´÷Ëß —≠≠“ —¡ª∑“π °—∫°“√ª√–ª“ à«π¿Ÿ¡‘¿“§ µ—¥∫—≠™’‡ªìπ§à“„™â®à“¬‚¥¬«‘∏’‡ âπµ√ßµ“¡Õ“¬ÿ¢Õß —≠≠“ —¡ª∑“π∑’Ë∫√‘…—∑¬àÕ¬‰¥â√—∫‡ªìπ√–¬–‡«≈“ 27 ªï §) §à“§«“¡π‘¬¡‡°‘¥®“° à«πµà“ß¢Õß√“§“∑ÿπ¢Õß‡ß‘π≈ß∑ÿπ∑’ Ë ßŸ °«à“¡Ÿ≈§à“¬ÿµ∏‘ √√¡¢Õß ‘π∑√—æ¬å ∑ÿ ∏‘¢Õß∫√‘…∑— ¬àÕ¬≥«—π∑’´Ë Õ◊È °‘®°“√ §à“§«“¡π‘¬¡∑’Ë‡°‘¥®“°°“√´◊ÈÕ°‘®°“√· ¥ß‡ªìπ§à“§«“¡π‘¬¡„πß∫¥ÿ≈√«¡ ·≈–µ—¥®Ì“Àπà“¬‚¥¬„™â«‘∏’‡ âπµ√ß¿“¬„π√–¬–‡«≈“ 2 ∂÷ß 27 ªï ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬‰¥âæ‘®“√≥“∑∫∑«π¡Ÿ≈§à“¢Õß§à“§«“¡π‘¬¡∑’Ë· ¥ß„πß∫¥ÿ≈∑ÿ°ªï ·≈–ª√—∫≈¥¡Ÿ≈§à“¢Õß§à“ §«“¡π‘¬¡¥—ß°≈à“«„π°√≥’∑’Ë¡’°“√¥âÕ¬§à“‡°‘¥¢÷Èπ 3.9 °“√¥âÕ¬§à“¢Õß ‘π∑√—æ¬å ∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬ Õ∫∑“π°“√¥âÕ¬§à“¢Õß ‘π∑√—æ¬å‡¡◊ÕË ¡’¢Õâ ∫àß™’«È “à √“§“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬å¥ß— °≈à“« Ÿß°«à“¡Ÿ≈§à“∑’§Ë “¥«à“ ®–‰¥â√—∫§◊π (√“§“¢“¬ ÿ∑∏‘¢Õß ‘π∑√—æ¬åπ—Èπ Ê µ“¡ª°µ‘∏ÿ√°‘®À√◊Õ¡Ÿ≈§à“®“°°“√„™âß“π·≈â«·µà√“§“„¥®– Ÿß°«à“) °“√ Õ∫∑“π ®–æ‘®“√≥“ ‘π∑√—æ¬å·µà≈–√“¬°“√À√◊Õæ‘®“√≥“®“°Àπà«¬ ‘π∑√—æ¬å∑’Ë°àÕ„Àâ‡°‘¥‡ß‘π ¥·≈â«·µà°√≥’ „π°√≥’∑’Ë√“§“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬å Ÿß°«à“¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬®–√—∫√Ÿâ¢“¥∑ÿπ®“°°“√¥âÕ¬§à“ „πß∫°”‰√¢“¥∑ÿπ ∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬®–∫—π∑÷°°≈—∫√“¬°“√¢“¥∑ÿπ®“°°“√¥âÕ¬§à“‡¡◊ÕË ¡’¢Õâ ∫àß™’«È “à °“√¥âÕ¬§à“¥—ß°≈à“«‰¡à¡Õ’ ¬Ÿà Õ’°µàÕ‰ªÀ√◊Õ¬—ß§ß¡’Õ¬Ÿà·µà‡ªìπ‰ª„π∑“ß∑’Ë≈¥≈ß‚¥¬∫—π∑÷°„π∫—≠™’√“¬‰¥âÕ◊Ëπ 3.10 °“√‡™à“ ‘π∑√—æ¬å¥“Ì ‡π‘πß“π °“√‡™à“ ‘π∑√—æ¬å´÷Ëß§«“¡‡ ’Ë¬ß·≈–°√√¡ ‘∑∏‘Ï¢Õß ‘π∑√—æ¬å∑’Ë‡™à“‡ªìπ¢ÕßºŸâ„Àâ‡™“‰¥â®—¥ª√–‡¿∑‡ªìπ°“√‡™à“¥Ì“‡π‘πß“π §à“‡™à“ ∑’Ë®à“¬¿“¬„µâ°“√‡™à“¥Ì“‡π‘πß“π‰¥â∫—π∑÷°‡ªìπ§à“„™â®à“¬Õ¬à“ß‡ªìπ√–∫∫¿“¬„µâÕ“¬ÿ —≠≠“‡™à“ 3.11 ‡ß‘πµ√“µà“ßª√–‡∑» √“¬°“√∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑»´÷Ëß‡°‘¥¢÷Èπ√–À«à“ßªï‰¥â·ª≈ß§à“‡ªìπ‡ß‘π∫“∑‚¥¬Õ—µ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë∑’Ë‡°‘¥√“¬°“√ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑»§ß‡À≈◊ÕÕ¬Ÿà ≥ «—π∑’Ë„πß∫¥ÿ≈‰¥â·ª≈ß§à“‡ªìπ‡ß‘π∫“∑‚¥¬Õ—µ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë„πß∫¥ÿ≈ °”‰√·≈–¢“¥∑ÿπ∑’Ë‡°‘¥®“°°“√‡ª≈’Ë¬π·ª≈ß„πÕ—µ√“·≈°‡ª≈’Ë¬π‰¥â√«¡Õ¬Ÿà„π°“√§”π«≥º≈°“√¥”‡π‘πß“π 3.12 ‡§√◊ÕË ß¡◊Õ∑“ß°“√‡ß‘π ∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬‰¡à¡π’ ‚¬∫“¬∑’®Ë –ª√–°Õ∫∏ÿ√°√√¡µ√“ “√∑“ß°“√‡ß‘ππÕ°ß∫¥ÿ≈∑’‡Ë ªìπµ√“ “√Õπÿæπ— ∏å‡æ◊ÕË °“√‡°Áß°”‰√ À√◊Õ‡æ◊ËÕ°“√§â“ ‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π∑’Ë· ¥ß„πß∫¥ÿ≈ª√–°Õ∫¥â«¬ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π≈ß∑ÿπ™—Ë«§√“« ≈Ÿ°Àπ’È·≈–‡®â“Àπ’È °“√§â“ ·≈–‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 3.13 °”‰√µàÕÀÿπâ °”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π§”π«≥‚¥¬À“√°”‰√ ÿ∑∏‘ ”À√—∫ªï¥â«¬®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°∑’ËÕÕ°Õ¬Ÿà„π√–À«à“ßªï °”‰√µàÕÀÿâπª√—∫≈¥§”π«≥‚¥¬°“√À“√°”‰√ ÿ∑∏‘ ”À√—∫ªï ¥â«¬º≈√«¡¢Õß®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°∑’ËÕÕ°Õ¬Ÿà „π√–À«à“ßªï∫«°¥â«¬®”π«π∂—«‡©≈’¬Ë ∂à«ßπÈ”Àπ—°¢ÕßÀÿπâ “¡—≠∑’∫Ë √‘…∑— œÕ“®µâÕßÕÕ°‡æ◊ÕË ·ª≈ßÀÿπâ “¡—≠‡∑’¬∫‡∑à“ª√—∫≈¥∑—ßÈ ‘πÈ „Àâ ‡ªìπÀÿâπ “¡—≠ ‚¥¬ ¡¡ÿµ‘«à“‰¥â¡’°“√·ª≈ß‡ªìπÀÿâπ “¡—≠ ≥ «—πµâπªï À√◊Õ ≥ «—πÕÕ°Àÿâπ “¡—≠‡∑’¬∫‡∑à“ 3.14 °“√„™âª√–¡“≥°“√∑“ß∫—≠™’ „π°“√®—¥∑”ß∫°“√‡ß‘πµ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª „π∫“ß°√≥’ ΩÉ“¬∫√‘À“√Õ“®µâÕß„™â°“√ª√–¡“≥√“¬°“√∫—≠™’ ∫“ß√“¬°“√ ´÷Ëß¡’º≈°√–∑∫µàÕ®”π«π‡ß‘π∑’Ë· ¥ß„πß∫°“√‡ß‘π·≈–À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π ¥â«¬‡Àµÿπ’È º≈∑’Ë‡°‘¥¢÷Èπ®√‘ß„π ¿“¬À≈—ß®÷ßÕ“®·µ°µà“ß‰ª®“°®”π«π∑’Ëª√–¡“≥‰«â 4. ‡ß‘π≈ß∑ÿπ™—Ë«§√“«

≥ «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ‡ß‘π≈ß∑ÿπ™—Ë«§√“«¡’√“¬≈–‡Õ’¬¥¥—ßπ’È :-

‡ß‘πΩ“° ∂“∫—π°“√‡ß‘πÕ“¬ÿ‰¡à‡°‘π 1 ªï µ—Î« —≠≠“„™â‡ß‘πÕ“¬ÿ√–À«à“ß 1 ∂÷ß 12 ‡¥◊Õπ ‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å„π§«“¡µâÕß°“√¢Õßµ≈“¥ (À≈—°∑√—æ¬å‡º◊ËÕ¢“¬) ´÷Ëß· ¥ßµ“¡¡Ÿ≈§à“¬ÿµ‘∏√√¡ - °Õß∑ÿπ√«¡·∫∫‡ªî¥ √«¡‡ß‘π≈ß∑ÿπ™—Ë«§√“«

ß∫°“√‡ß‘π√«¡ 2548 2547 17,647,567 6,984,149 702,163,136 824,066,111

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 17,501,635 6,839,373 702,163,136 824,066,111

1,162,240,895 719,810,703 1,993,291,155

1,162,240,895 719,664,771 1,993,146,379

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 5. ≈Ÿ°Àπ’È°“√§â“

¬Õ¥§ß‡À≈◊Õ¢Õß≈Ÿ°Àπ’È°“√§â“ ≥ «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ·¬°µ“¡Õ“¬ÿÀπ’È∑’Ë§â“ß™”√–‰¥â¥—ßπ’È :ß∫°“√‡ß‘π√«¡ 2548 2547

≈Ÿ°Àπ’°È “√§â“ - °‘®°“√∑’‡Ë °’¬Ë «¢âÕß°—π ¬—ß‰¡à∂÷ß°”Àπ¥™”√– ‡°‘π°”Àπ¥™”√– πâÕ¬°«à“ 3 ‡¥◊Õπ √«¡≈Ÿ°Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ≈Ÿ°Àπ’°È “√§â“ - ∫√‘…∑— Õ◊πË ¬—ß‰¡à∂÷ß°”Àπ¥™”√– ‡°‘π°”Àπ¥™”√– πâÕ¬°«à“ 3 ‡¥◊Õπ 3 - 6 ‡¥◊Õπ 6 - 12 ‡¥◊Õπ ¡“°°«à“ 12 ‡¥◊Õπ¢÷Èπ‰ª √«¡≈Ÿ°Àπ’È°“√§â“ - ∫√‘…—∑Õ◊Ëπ À—° : §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ≈Ÿ°Àπ’È°“√§â“ - ∫√‘…—∑Õ◊Ëπ, ÿ∑∏‘ √«¡≈Ÿ°Àπ’°È “√§â“

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

136,714,036 120,872,091

81,510,535

76,665,559

160,757 136,874,793 120,872,091

258,236 81,768,771

200,651 76,866,210

148,132,085

63,798,442

36,984,992

34,618,248

37,280,755 4,547,832 2,332,305 1,018,751 26,584,351 182,116 1,897,079 214,511,612 71,262,104 (1,897,079) 214,511,612 69,365,025 351,386,405 190,237,116

1,893,850 239,743 462,632 182,116 39,763,333 39,763,333 121,532,104

4,547,832 1,018,751 1,897,079 42,081,910 (1,897,079) 40,184,831 117,051,041

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 6. √“¬°“√∏ÿ√°‘®°—∫°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

„π√–À«à“ßªï ∫√‘…∑— œ¡’√“¬°“√∏ÿ√°‘®∑’ Ë ”§—≠°—∫∫√‘…∑— ¬àÕ¬·≈–°‘®°“√∑’‡Ë °’¬Ë «¢âÕß°—π (‡°’¬Ë «¢âÕß°—π‚¥¬°“√¡’º∂Ÿâ Õ◊ Àÿπâ ·≈–/À√◊Õ°√√¡°“√ √à«¡°—π) ´÷ßË à«π„À≠à‡°’¬Ë «‡π◊ÕË ß°—∫°“√´◊ÕÈ ·≈–¢“¬ ‘π§â“ °“√„Àâ∫√‘°“√·≈–°“√°Ÿ¬â ¡◊ √“¬°“√∏ÿ√°‘®¥—ß°≈à“«‡ªìπ‰ªµ“¡‡ß◊ÕË π‰¢À√◊Õ‡°≥±å∑µ’Ë °≈ß√à«¡ °—π√–À«à“ß∫√‘…—∑œ·≈–∫√‘…—∑‡À≈à“π—Èπ·≈–‡ªìπ‰ªµ“¡ª°µ‘∑“ß∏ÿ√°‘® ‚¥¬ “¡“√∂ √ÿª‰¥â¥—ßπ’È :(Àπà«¬ : æ—π∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ π‚¬∫“¬°“√°”Àπ¥√“§“ (‡©æ“–ªï 2548) ”À√—∫ªï ‘Èπ ÿ¥ ”À√—∫ªï ‘Èπ ÿ¥ «—π∑’Ë 30 °—π¬“¬π «—π∑’Ë 30 °—π¬“¬π 2548 2548 2547 2547

√“¬°“√∏ÿ√°‘®°—∫∫√‘…∑— ¬àÕ¬ (µ—¥ÕÕ°®“°ß∫°“√‡ß‘π√«¡) ´◊ÈÕ ‘π§â“

217,751

49,049

®”Àπà“¬πÈ”¥‘∫ √“¬‰¥â®“°°“√„Àâ∫√‘°“√

26,289 238

21,778 2,423

¥Õ°‡∫’¬È √—∫

15,513

8,917

896,012 101,512

856,362 116,355

896,012 -

856,362 -

√“¬°“√∏ÿ√°‘®°—∫°‘®°“√∑’‡Ë °’¬Ë «¢âÕß°—π ºŸâ∂◊ÕÀÿâπ√“¬„À≠à :®”Àπà“¬πÈ”¥‘∫ √“¬‰¥â®“°°“√„Àâ∫√‘°“√

√“§“µ≈“¥·≈–√“§“∑’Ëµ°≈ß √à«¡°—πµ“¡∑’Ë√–∫ÿ‰«â„π —≠≠“ √“§“µ≈“¥ √“§“∑’Ëµ°≈ß√à«¡°—πµ“¡∑’Ë√–∫ÿ ‰«â„π —≠≠“ Õ—µ√“¥Õ°‡∫’È¬µ“¡∑’Ë°”Àπ¥‰«â „π —≠≠“ (√âÕ¬≈– 2.5 - 5.5 µàÕªï)

√“§“µ≈“¥ √“§“∑’Ëµ°≈ß√à«¡°—πµ“¡∑’Ë√–∫ÿ ‰«â„π —≠≠“√–À«à“ß°—π

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ¬Õ¥§ß§â“ß¢Õß√“¬°“√¢â“ßµâπ ≥ «—π ‘Èπªï ‰¥â· ¥ß·¬°µà“ßÀ“°„πß∫¥ÿ≈ ´÷Ëß¡’√“¬≈–‡Õ’¬¥ ≥ «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ¥—ßµàÕ‰ªπ’È :(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2548 2547 2547

≈Ÿ°Àπ’°È “√§â“ - °‘®°“√∑’‡Ë °’¬Ë «¢âÕß°—π ºŸ∂â Õ◊ Àÿπâ √“¬„À≠à :°“√ª√–ª“ à«π¿Ÿ¡‘¿“§ °“√π‘§¡Õÿµ “À°√√¡·Ààßª√–‡∑»‰∑¬ ∫√‘…∑— ¬àÕ¬ :∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ ∫√‘…—∑ ª√–ª“ ©–‡™‘ß‡∑√“ ®”°—¥ ∫√‘…—∑ ª√–ª“ ∫“ßª–°ß ®”°—¥ ∫√‘…—∑ ª√–ª“ π§√ «√√§å ®”°—¥ ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π :∫√‘…—∑ ‡ÕÁ°§Õ¡∏“√“ ®”°—¥ √«¡≈Ÿ°Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‚§√ß°“√≈¥πÈ” Ÿ≠‡ ’¬√Õ√—∫™”√– ºŸ∂â Õ◊ Àÿπâ √“¬„À≠à :°“√ª√–ª“ à«π¿Ÿ¡‘¿“§ ‡ß‘π„Àâ°¬Ÿâ ¡◊ √–¬– —πÈ ·°à°®‘ °“√∑’‡Ë °’¬Ë «¢âÕß°—π ∫√‘…∑— ¬àÕ¬ :∫√‘…—∑ ‚°≈∫Õ≈ «Õ‡µÕ√å ´’ ‡∑Á¡ å §Õ√åªÕ‡√™—Ëπ ®”°—¥ ∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥ √«¡‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π„Àâ°¬Ÿâ ¡◊ √–¬–¬“«·°à°®‘ °“√∑’‡Ë °’¬Ë «¢âÕß°—π ∫√‘…∑— ¬àÕ¬ :∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ ∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥ √«¡‡ß‘π„Àâ°Ÿâ¬◊¡√–¬–¬“«·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

90,299,206 42,618,531 -

66,145,893 50,713,051 -

3,957,056 4,013,147 136,874,793 120,872,091

14,011,292

36,968,349

36,415,138 42,618,531

23,715,443 50,713,051

2,705,404 17,345 12,353 -

2,127,890 182,041 96,462 31,323

81,768,771

76,866,210

130,000,000 50,000,000 180,000,000

150,000,000 10,000,000 160,000,000

230,890,000 100,000,000 330,890,000

72,890,000 72,890,000

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547

ß∫°“√‡ß‘π√«¡ 2548 2547

‡®â“Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ºŸ∂â Õ◊ Àÿπâ √“¬„À≠à :°“√ª√–ª“ à«π¿Ÿ¡‘¿“§ ∫√‘…∑— ¬àÕ¬ :∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ √«¡‡®â“Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π Õ◊Ëπ Ê :Hobas Engineering GmbH Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…∑— ¬àÕ¬ :∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥ ∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ ∫√‘…—∑ ‚°≈∫Õ≈ «Õ‡µÕ√å ´’ ‡∑Á¡ å §Õ√åªÕ‡√™—Ëπ ®”°—¥ Õ◊Ëπ Ê :Hobas Engineering GmbH √«¡Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

1,860,000

467,958

1,860,000

467,958

48,572,703 48,572,703

10,284,120

14,250,778 14,250,778

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

6,307,595 6,307,595

113,058,561 12,883,356 11,021

842,086 7,530,665 103,570

125,952,938

8,476,327

√“¬ß“πª√–®”ªï 2548

„π√–À«à“ßªï‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–√–¬–¬“«·°à∫√‘…—∑¬àÕ¬¡’°“√‡§≈◊ËÕπ‰À«¥—ßµàÕ‰ªπ’È :ß∫°“√‡ß‘π√«¡ (æ—π∫“∑) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 30 °—π¬“¬π 2547 ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‚°≈∫Õ≈ «Õ‡µÕ√å ´’ ‡∑Á¡ å §Õ√åªÕ‡√™—Ëπ ®”°—¥ ∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥ ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬–¬“«·°à∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ ∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥

„π√–À«à“ßªï ≈¥≈ß ‡æ‘¡Ë ¢÷πÈ

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 30 °—π¬“¬π 2548

150,000 10,000 160,000

75,000 50,000 125,000

95,000 10,000 105,000

130,000 50,000 180,000

72,890 72,890

173,000 100,000 273,000

15,000 15,000

230,890 100,000 330,890

µ—Èß·µàªï 2546 ∫√‘…—∑œ‰¥â„Àâ‡ß‘π°Ÿâ¬◊¡·°à∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑‘≈‘µ’È å ®”°—¥ ‡æ◊ËÕπ”‰ª„™â‡ªìπ‡ß‘π∑ÿπÀ¡ÿπ‡«’¬π ”À√—∫‚§√ß°“√ª√—∫ª√ÿß √–∫∫®à“¬πÈ”‡æ◊ÕË ≈¥πÈ” Ÿ≠‡ ’¬¢Õß∫√‘…∑— ª√–ª“ “¡·Ààß‚¥¬¡’À≈—°ª√–°—π‡ªìπ°“√‚Õπ ‘∑∏‘°“√√—∫‡ß‘π∑—ßÈ À¡¥∑’®Ë –‰¥â√∫— ®“° —≠≠“ —¡ª∑“π¢Õß ∫√‘…—∑ª√–ª“ “¡·Ààß¡“™”√–Àπ’È„Àâ·°à∫√‘…—∑œ „π°√≥’∑’Ë∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑‘≈‘µ’È å ®”°—¥ º‘¥π—¥™”√–Àπ’È∑—ÈßÀ¡¥À√◊Õ∫“ß à«πµ“¡ —≠≠“ ‡ß‘π°Ÿâ®π°«à“∫√‘…—∑œ®–‰¥â√—∫™”√–‡µÁ¡®”π«π ‡ß‘π„Àâ°Ÿâ¬◊¡¥—ß°≈à“«¡’°”Àπ¥™”√–§◊π¿“¬„π 10 ªï ‡«âπ·µà∫√‘…—∑œ®–¢¬“¬√–¬–‡«≈“°“√„Àâ°Ÿâ ¬◊¡ÕÕ°‰ª ∫√‘…—∑œ§‘¥¥Õ°‡∫’È¬‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑¬àÕ¬„πÕ—µ√“√âÕ¬≈– 5.5 µàÕªï ”À√—∫√–¬–‡«≈“ 5 ªï·√° ·≈–Õ—µ√“ MLR ”À√—∫√–¬– ‡«≈“∑’Ë‡À≈◊Õ „π√–À«à“ßªïªí®®ÿ∫—π ∫√‘…—∑œ‰¥â„Àâ‡ß‘π°Ÿâ¬◊¡‡æ‘Ë¡‡µ‘¡·°à∫√‘…—∑¥—ß°≈à“«Õ’°ª√–¡“≥ 173 ≈â“π∫“∑ µ“¡√“¬≈–‡Õ’¬¥¢â“ßµâπ ‡¡◊ËÕ«—π∑’Ë 1 ¡‘∂ÿπ“¬π 2547 ·≈–«—π∑’Ë 4 æƒ»®‘°“¬π 2547 ∫√‘…—∑œ„Àâ∫√‘…—∑ ‚°≈∫Õ≈ «Õ‡µÕ√å ´’ ‡∑Á¡ å §Õ√åªÕ‡√™—Ëπ ®”°—¥ ´÷Ëß‡ªìπ ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß°Ÿâ¬◊¡®”π«π 150 ≈â“π∫“∑ ·≈– 75 ≈â“π∫“∑µ“¡≈”¥—∫ ‡æ◊ËÕπ”‰ª„™â‡ªìπ∑ÿπÀ¡ÿπ‡«’¬π ”À√—∫‚§√ß°“√º≈‘µµŸâπÈ”¥◊Ë¡‡æ◊ËÕ ™ÿ¡™π®”π«π 4,000 µŸâ ‡ß‘π„Àâ°Ÿâ¬◊¡¥—ß°≈à“«‰¡à¡’À≈—°ª√–°—π·≈–¡’°”Àπ¥™”√–§◊π¿“¬„π 12 ‡¥◊Õπ π—∫®“°«—π∑’Ë‡∫‘°∂Õπ‡ß‘π°Ÿâß«¥·√°µ“¡ —≠≠“π’È ‡«âπ·µà∫√‘…—∑œ®–¢¬“¬√–¬–‡«≈“°“√„Àâ°Ÿâ¬◊¡ÕÕ°‰ª ∫√‘…—∑œ§‘¥¥Õ°‡∫’È¬‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑¬àÕ¬„πÕ—µ√“√âÕ¬≈– 2.5 µàÕªï ”À√—∫ √–¬–‡«≈“‰¡à‡°‘π 12 ‡¥◊Õπ π—∫®“°«—π∑’Ë‡∫‘°∂Õπ‡ß‘π°Ÿâß«¥·√°µ“¡ —≠≠“π’È ·≈–Õ—µ√“ MLR ”À√—∫√–¬–‡«≈“∑’Ë‡À≈◊Õ

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ‡¡◊ËÕ«—π∑’Ë 13 ∏—π«“§¡ 2547 ∫√‘…—∑œ∑” —≠≠“„Àâ«ß‡ß‘π°Ÿâ¬◊¡®”π«π 150 ≈â“π∫“∑ ·°à∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥ ´÷Ëß‡ªìπ ∫√‘…∑— ¬àÕ¬·ÀàßÀπ÷ßË ‡æ◊ÕË π”‰ª„™â‡ªìπ∑ÿπÀ¡ÿπ‡«’¬π„π°“√¥”‡π‘π°‘®°“√·≈–¢¬“¬°”≈—ß°“√º≈‘µ ‡ß‘π„Àâ°¬Ÿâ ¡◊ ¥—ß°≈à“«¡’ Hobas Engineering GmbH ‡ªìπºŸ§â È”ª√–°—π°“√™”√–Àπ’¿È “¬„π«ß‡ß‘π 75 ≈â“π∫“∑ ∫√‘…∑— œ§‘¥¥Õ°‡∫’¬È ‡ß‘π„Àâ°¬Ÿâ ¡◊ ·°à∫√‘…∑— ¬àÕ¬„πÕ—µ√“§ß∑’√Ë Õâ ¬≈– 5.5 µàÕªï ·≈–¡’°”Àπ¥ ™”√–§◊π‡ªìπ 2 à«π§◊Õ

®”π«π (≈â“π∫“∑) à«π∑’Ë 1 à«π∑’Ë 2

100 50

√–¬–‡«≈“°Ÿâ 6 ªï 1 ªï

√–¬–‡«≈“™”√–§◊π‡ß‘πµâππ—∫®“° «—π∑’Ë∂Õπ‡ß‘π°Ÿâ§√—Èß·√° ™”√–§◊π‡ªìπß«¥ ß«¥≈– 6 ‡¥◊Õπ ¿“¬„π 1 ªï

‚¥¬ à«π∑’Ë 1 ¡’√–¬–‡«≈“ª≈Õ¥°“√™”√–§◊π‡ß‘πµâπ‡ªìπ√–¬–‡«≈“ 1 ªï π—∫®“°«—π‡∫‘°‡ß‘π°Ÿâ§√—Èß·√° 7. ‘π§â“§ß‡À≈◊Õ

ß∫°“√‡ß‘π√«¡ (∫“∑) 2548 2547 ‘π§â“ ”‡√Á®√Ÿª ‘π§â“√–À«à“ßº≈‘µ «—µ∂ÿ¥‘∫·≈–«— ¥ÿ ‘Èπ‡ª≈◊Õß ‘π§â“√–À«à“ß∑“ß √«¡ À—° : ”√Õß‡º◊ËÕ°“√≈¥≈ß¢Õß¡Ÿ≈§à“ ‘π§â“ √«¡ ‘π§â“§ß‡À≈◊Õ - ÿ∑∏‘

104,057,178 27,437,817 18,090,564 2,540,125 152,125,684 (2,790,529) 149,335,155

65,836,588 8,795,114 14,575,099 726,390 89,933,191 (1,650,000) 88,283,191

8. ‡ß‘πΩ“°∏π“§“√∑’Ë¡’¿“√–§È”ª√–°—π

≥ «—π∑’Ë 30 °—π¬“¬π 2548 ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬‰¥âπ”‡ß‘πΩ“°∏π“§“√ª√–‡¿∑‡ß‘πΩ“°ª√–®”®”π«π‡ß‘πª√–¡“≥ 28.9 ≈â“π∫“∑ (‡©æ“–∫√‘…∑— œ : 10.4 ≈â“π∫“∑) ‰ª«“ß‰«â‡ªìπÀ≈—°∑√—æ¬å§È”ª√–°—π°—∫∏π“§“√æ“≥‘™¬å„π°“√ÕÕ°Àπ—ß ◊Õ§È”ª√–°—π∏π“§“√ (2547 : ∫√‘…∑— œ·≈– ∫√‘…—∑¬àÕ¬ : 46.5 ≈â“π∫“∑ ·≈–‡©æ“–∫√‘…—∑œ : 37.3 ≈â“π∫“∑)

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 9. ‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬

≥ «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ∫√‘…—∑œ¡’‡ß‘π≈ß∑ÿπ√–¬–¬“«„πÀÿâπ “¡—≠¢Õß∫√‘…—∑¥—ßµàÕ‰ªπ’È :ß∫°“√‡ß‘π√«¡ ‡ß‘π≈ß∑ÿπ ‡ß‘πªíπº≈ ”À√—∫ªï «‘∏√’ “§“∑ÿπ «‘∏’ à«π‰¥â‡ ’¬ ∑ÿπ™”√–·≈â« —¥ à«π°“√≈ß∑ÿπ ‘πÈ ÿ¥«—π∑’Ë (√âÕ¬≈–) (æ—π∫“∑) (æ—π∫“∑) (≈â“π∫“∑) 30 °—π¬“¬π 2548 2547 2548 2547 2548 2547 2548 2547 2548 2547 ∫√‘…—∑√à«¡∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬ °‘®°“√√à«¡§â“ ¬Ÿ¬Ÿ‡Õ ®’

490 490

698 698

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ ∑ÿπ™”√–·≈â« —¥ à«π°“√≈ß∑ÿπ (≈â“π∫“∑) (√âÕ¬≈–) 2548 2547 2548 2547 ∫√‘…—∑ ‚°≈∫Õ≈ «Õ‡µÕ√å ´’ ‡∑Á¡ å §Õ√åªÕ‡√™—Ëπ ®”°—¥ ∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ ∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®”°—¥

74 510 150

100 100 50

„π√–À«à“ßªïªí®®ÿ∫—π ∫√‘…—∑¬àÕ¬¥—ß°≈à“«¢â“ßµâπ‰¡à¡’°“√ª√–°“»®à“¬‡ß‘πªíπº≈

‡ß‘π≈ß∑ÿπ «‘∏√’ “§“∑ÿπ «‘∏’ à«π‰¥â‡ ’¬ (æ—π∫“∑) (æ—π∫“∑) 2548 2547 2548 2547

100 73,800 73,800 100 510,000 510,000 50 75,000 75,000 658,800 658,800

7,385 8,983 589,210 540,357 18,358 41,018 614,953 590,358

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ‡¡◊ËÕ«—π∑’Ë 17 æƒ…¿“§¡ 2545 ∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß ‰¥â‡¢â“∑” —≠≠“°‘®°“√√à«¡§â“°—∫Àâ“ß Àÿâπ à«π®”°—¥ “¡ª√– ‘∑∏‘Ï ‡æ◊ËÕ®—¥‡µ√’¬¡‡¢â“ª√–¡Ÿ≈ß“π ·≈–‡¢â“∑” —≠≠“‡æ◊ËÕ¥”‡π‘π°‘®°“√„πß“π∫”√ÿß√—°…“√–∫∫√«∫√«¡·≈–∫”∫—¥πÈ” ‡ ’¬¢Õß‡∑»∫“≈π§√À“¥„À≠à ‚¥¬¡’°“√≈ß∑ÿπ§√—ßÈ ·√°‡ªìπ®”π«π 1 ≈â“π∫“∑·≈–∫√‘…∑— ¬àÕ¬®–®à“¬‡ß‘π®”π«π 0.49 ≈â“π∫“∑ ‡æ◊ÕË „Àâ‰¥â ¥— à«π „π°“√·∫àßº≈°”‰√„πÕ—µ√“√âÕ¬≈– 49 Õ¬à“ß‰√°Áµ“¡ „π√–À«à“ßªïªí®®ÿ∫—π∫√‘…—∑¬àÕ¬µ—¥®”Àπà“¬‡ß‘π≈ß∑ÿπ„π°‘®°“√√à«¡§â“¥—ß°≈à“« ‡π◊ËÕß®“° °‘®°“√√à«¡§â“π—Èπ‰¡à‰¥â¥”‡π‘π∏ÿ√°‘®·≈â«·≈–ºŸâ∫√‘À“√¢Õß∫√‘…—∑¬àÕ¬‡™◊ËÕ«à“®–‰¡à¡’¿“√–Àπ’È ‘π„¥Ê ‡°‘¥¢÷Èπ®“°°‘®°“√√à«¡§â“¥—ß°≈à“«Õ’° „π°“√ª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ‡¡◊ËÕ«—π∑’Ë 28 ¡°√“§¡ 2547 ·≈–°“√ª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ‡¡◊ËÕ«—π∑’Ë 31 æƒ…¿“§¡ 2547 ºŸâ∂◊ÕÀÿâπ¢Õß ∫√‘…—∑ ∏√√»∏“√“ ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß ¡’¡µ‘Õπÿ¡—µ‘„Àâ∫√‘…—∑ ∏√√»∏“√“ ®”°—¥ ‚Õπ¢“¬°‘®°“√„À—°—∫∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑„À≠à¢Õß∫√‘…—∑¬àÕ¬¥—ß°≈à“« ‚¥¬‡¡◊ËÕ«—π∑’Ë 1 ‡¡…“¬π 2547 ∫√‘…—∑ ∏√√»∏“√“ ®”°—¥ ‰¥â∑” —≠≠“‚Õπ°‘®°“√∑—ÈßÀ¡¥„Àâ°—∫ ∫√‘…—∑„À≠à·Ààßπ—Èπ„π√“§“‡∑à“°—∫¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ„π∫√‘…—∑ ∏√√»∏“√“ ®”°—¥ µ“¡«‘∏’ à«π‰¥â‡ ’¬∑’Ë∫—π∑÷°„π∫—≠™’¢Õß∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’ ≈‘µ ’È å ®”°—¥ ≥ «—π∑’‚Ë Õπ°‘®°“√ (1 ‡¡…“¬π 2547) ´÷ßË ‡ªìπ®”π«π‡ß‘π 458.9 ≈â“π∫“∑ ·≈–„π°“√ª√–™ÿ¡«‘ “¡—≠ºŸ∂â Õ◊ Àÿπâ ‡¡◊ÕË «—π∑’Ë 10 æƒ…¿“§¡ 2547 ·≈–«—π∑’Ë 31 æƒ…¿“§¡ 2547 ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ∏√√»∏“√“ ®”°—¥ ¡’¡µ‘Õπÿ¡—µ‘„Àâ‡≈‘°∫√‘…—∑ ‡π◊ËÕß®“°‡ªìππ‚¬∫“¬∑’Ë®–ª√—∫ª√ÿß ‚§√ß √â“ß°“√∫√‘À“√ß“π·≈–≈¥¢—πÈ µÕπ°“√¥”‡π‘πß“π¢Õß∫√‘…∑— „π°≈ÿ¡à ´÷ßË ∫√‘…∑— ∏√√»∏“√“ ®”°—¥ ‰¥â ®¥∑–‡∫’¬π°“√‡≈‘°∫√‘…∑— °—∫°√–∑√«ß æ“≥‘™¬å·≈â«‡¡◊ËÕ«—π∑’Ë 29 ¡‘∂ÿπ“¬π 2547 10. ‡ß‘π≈ß∑ÿπ∑—Ë«‰ª - ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π

≥ «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ∫√‘…—∑œ¡’‡ß‘π≈ß∑ÿπ√–¬–¬“«„πµ√“ “√∑ÿπ¢Õß∫√‘…—∑‡ÕÁ°§Õ¡∏“√“ ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑∑’Ë ‡°’Ë¬«¢âÕß°—π·ÀàßÀπ÷Ëß´÷Ëß· ¥ßµ“¡√“§“∑ÿπ®”π«π 85,387,500 ∫“∑·≈–§‘¥‡ªìπ√âÕ¬≈– 15 ¢Õß∑ÿπ®¥∑–‡∫’¬π¢Õß∫√‘…—∑¥—ß°≈à“« ∫√‘…—∑ ‡ÕÁ°§Õ¡∏“√“ ®”°—¥ ®¥∑–‡∫’¬π‡ªìπ∫√‘…—∑®”°—¥„πª√–‡∑»‰∑¬‡æ◊ËÕ¥”‡π‘π∏ÿ√°‘®‡°’Ë¬«°—∫°“√º≈‘µπÈ”ª√–ª“µ“¡¡“µ√∞“π Õÿµ “À°√√¡„Àâ·°à°“√ª√–ª“ à«π¿Ÿ¡‘¿“§‡æ◊ËÕ¢“¬∑’Ë ”π—°ß“πª√–ª“À≈—°‡¡◊Õß®—ßÀ«—¥√“™∫ÿ√’ ”π—°ß“πª√–ª“¥”‡π‘π –¥«° ®—ßÀ«—¥√“™∫ÿ√’ ·≈– ”π—°ß“πª√–ª“ ¡ÿ∑√ ß§√“¡ ®—ßÀ«—¥ ¡ÿ∑√ ß§√“¡ 11. ‡ß‘π≈ß∑ÿπ√–¬–¬“«

≥ «—π∑’Ë 30 °—π¬“¬π 2548 ‡ß‘π≈ß∑ÿπ√–¬–¬“«¡’√“¬≈–‡Õ’¬¥¥—ßπ’È :ß∫°“√‡ß‘π√«¡ 2548 2547 µ—Î«·≈°‡ß‘π∏π“§“√ æ—π∏∫—µ√√—∞∫“≈ √«¡‡ß‘π≈ß∑ÿπ√–¬–¬“«

57,380,081 133,344,450 190,724,531

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

57,380,081 133,344,450 190,724,531

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 12. ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å

∑’Ë¥‘π √“§“∑ÿπ : 30 °—π¬“¬π 2547 ´◊ÈÕ‡æ‘Ë¡/‚Õπ‡¢â“ ®”Àπà“¬/µ—¥®”Àπà“¬/ ‚ÕπÕÕ° 30 °—π¬“¬π 2548 §à“‡ ◊ÕË ¡√“§“ – ¡ : 30 °—π¬“¬π 2547 §à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï ®”Àπà“¬/µ—¥®”Àπà“¬ 30 °—π¬“¬π 2548 ¡Ÿ≈§à“ ÿ∑∏‘µ“¡∫—≠™’ : 30 °—π¬“¬π 2547 30 °—π¬“¬π 2548

Õ“§“√ ‚√ß Ÿ∫πÈ”

Õ“§“√

ß∫°“√‡ß‘π√«¡ (∫“∑) à«πª√—∫ª√ÿß ∑’¥Ë π‘ ·≈– Õ“§“√·≈– ‡§√◊ÕË ß®—°√ Õÿª°√≥å ß“π√–À«à“ß Õ“§“√‡™à“ ·≈–Õÿª°√≥å ”π—°ß“π ¬“πæ“Àπ– °àÕ √â“ß

√«¡

231,231,992 402,475,408 210,845,830 34,774,028 3,256,620,841 144,762,626 109,852 428,938,325 4,709,758,902 4,400 3,469,012 400,516,156 17,544,798 1,301,449 1,655,265,629 2,327,971,695 103,029,460 146,840,798 (740,671) (4,030,866) (5,167,092) (309,222) (535,496,122) (546,493,622) (492,629) 334,261,452 548,823,577 210,850,230 37,502,349 3,653,106,128 157,140,328 1,102,079 1,548,707,832 6,491,493,975 -

44,952,180 23,895,705 13,250,976 492,104,150 17,107,297 10,487,227 3,797,568 158,699,068 (6,900) (2,574,248) (370) 62,059,107 34,384,932 17,041,644 648,228,970

81,081,848 34,397 21,268,022 105,868 (3,744,995) (10,850) 98,604,875 129,415

231,231,992 357,523,228 186,950,125 21,523,052 2,764,516,691 63,680,778 334,261,452 486,764,470 176,465,298 20,460,705 3,004,877,158 58,535,453

§à“‡ ◊ÕË ¡√“§“∑’√Ë «¡Õ¬Ÿ„à πß∫°”‰√¢“¥∑ÿπ ”À√—∫ªï 2547 2548

655,319,256 211,467,050 (6,337,363) 860,448,943

75,455 428,938,325 4,054,439,646 972,664 1,548,707,823 5,631,045,032

196,836,410 211,467,050

√“¬ß“πª√–®”ªï 2548

Õ“§“√ ‚√ß Ÿ∫πÈ”

Õ“§“√

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…∑— (∫“∑) à«πª√—∫ª√ÿß ∑’¥Ë π‘ ·≈– Õ“§“√·≈– ‡§√◊ÕË ß®—°√ Õÿª°√≥å ß“π√–À«à“ß Õ“§“√‡™à“ ·≈–Õÿª°√≥å ”π—°ß“π ¬“πæ“Àπ– °àÕ √â“ß

√«¡

206,942,847 381,739,506 139,593,140 28,734,841 2,724,765,493 123,198,020 76,752 380,596,453 3,985,647,052 1,362,290 366,525,519 12,311,708 1,301,449 1,395,997,763 1,836,724,960 736,638 58,489,593 (3,057,950) (2,855,906) (309,223) (367,527,903) (373,750,982) 265,432,440 382,476,144 13,959,140 30,097,131 3,088,233,062 132,653,822 1,068,978 1,409,066,313 5,448,621,030 -

39,800,965 20,700,390 11,501,561 414,990,557 11,455,268 6,979,656 2,909,747 111,095,824 (3,057,920) 51,256,233 27,680,046 14,411,308 523,028,461

5,251 72,792,707 16,683,499 101,915 (2,839,000) (10,850) 86,637,156 96,316

206,942,847 341,938,541 118,892,750 17,233,280 2,309,774,936 50,405,313 265,432,440 331,219,911 111,931,084 15,685,823 2,565,204,601 46,016,666

§à“‡ ◊ÕË ¡√“§“∑’√Ë «¡Õ¬Ÿ„à πß∫°”‰√¢“¥∑ÿπ ”À√—∫ªï 2547 2548

559,791,431 149,225,859 (5,907,770) 703,109,520

71,501 380,596,453 3,425,855,621 972,662 1,409,066,313 4,745,511,510

140,837,876 149,225,859

≥ «—π∑’Ë 30 °—π¬“¬π 2548 ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬¡’Õÿª°√≥å·≈–‡§√◊ËÕßµ°·µàß®”π«πÀπ÷Ëß´÷Ëßµ—¥§à“‡ ◊ËÕ¡√“§“À¡¥·≈â«·µà¬—ß„™âß“πÕ¬Ÿà √“§“∑ÿπ°àÕπÀ—°§à“‡ ◊ËÕ¡√“§“ – ¡¢Õß ‘π∑√—æ¬å¥—ß°≈à“«¡’®”π«πª√–¡“≥ 122.1 ≈â“π∫“∑ (ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑œ : 97.4 ≈â“π∫“∑) ≥ «—π∑’Ë 30 °—π¬“¬π 2548 ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß‰¥â®¥®”πÕß∑’Ë¥‘π·≈–‚√ßß“π∫“ß à«π·≈–‡§√◊ËÕß®—°√·≈–Õÿª°√≥å„Àâ‡ªìπÀ≈—°ª√–°—π ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«µ“¡∑’Ë°≈à“«„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 15 ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ∫√‘…—∑œ∫—π∑÷°µâπ∑ÿπ°“√°Ÿâ¬◊¡¢ÕßÀÿâπ°Ÿâµ“¡∑’Ë°≈à“«‰«â„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√ ‡ß‘π¢âÕ 17 ®”π«π 8.0 ≈â“π∫“∑ ·≈– 1.9 ≈â“π∫“∑ µ“¡≈”¥—∫ ´÷Ëß‡°‘¥¢÷Èπ‚¥¬µ√ß ”À√—∫°“√°àÕ √â“ß‚§√ß¢à“¬∑àÕ àßπÈ”‡ªìπ à«πÀπ÷Ëß¢Õß √“§“∑ÿπ¢Õß‚§√ß¢à“¬∑àÕ àßπÈ” ‚¥¬· ¥ß√«¡Õ¬Ÿà„πß“π√–À«à“ß°àÕ √â“ß¿“¬„µâ∫—≠™’∑’Ë¥‘π Õ“§“√ ·≈–Õÿª°√≥å

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 13. §à“§«“¡π‘¬¡

ß∫°“√‡ß‘π√«¡ (∫“∑) 2548 2547 ¬Õ¥§ß‡À≈◊Õµâπªï ≈¥≈ß√–À«à“ßªï ¬Õ¥§ß‡À≈◊Õª≈“¬ªï - ÿ∑∏‘

196,205,646 (8,437,516) 187,768,130

204,488,882 (8,283,236) 196,205,646

14. ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π

ß∫°“√‡ß‘π√«¡ (∫“∑) 2548 2547 ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ √«¡

50,000,000 50,000,000

60,000,000 60,000,000

≥ «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π¢Õß∫√‘…—∑¬àÕ¬§‘¥¥Õ°‡∫’È¬„πÕ—µ√“√âÕ¬≈– 6.5 µàÕªï ·≈– §È”ª√–°—π‚¥¬°“√ÕÕ°µ—Î« —≠≠“„™â‡ß‘π‚¥¬∫√‘…—∑¬àÕ¬ 15. ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“° ∂“∫—π°“√‡ß‘π

ß∫°“√‡ß‘π√«¡ (∫“∑) 2548 2547 ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“° ∂“∫—π°“√‡ß‘π À—° : à«π∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“° ∂“∫—π°“√‡ß‘π - ÿ∑∏‘®“° à«π∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï

269,500,000 (32,500,000) 237,000,000

297,500,000 (28,000,000) 269,500,000

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√“¬ß“πª√–®”ªï 2548

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1,665,000,000 Àÿâπ ‰¡à¡’

„πªï 2548 ∫√‘…∑— œ‰¥â∑¬Õ¬®¥∑–‡∫’¬π°“√‡æ‘¡Ë ∑ÿπ∑’™Ë ”√–·≈â«®“°°“√‡ πÕ¢“¬Àÿπâ “¡—≠·≈–°“√„™â ∑‘ ∏‘µ“¡„∫ ”§—≠· ¥ß ‘∑∏‘®”π«π ª√–¡“≥ 300 ≈â“π∫“∑ ‚¥¬¡’ à«π‡°‘π¡Ÿ≈§à“Àÿâπ®“°°“√ÕÕ°Àÿâπ¥—ß°≈à“«‡æ‘Ë¡¢÷Èπ¥â«¬®”π«π 144 ≈â“π∫“∑ ∑ÿπ∑’ËÕÕ°·≈–™”√–·≈â« ≥ «—π∑’Ë 30 °—π¬“¬π 2548 ¡’®”π«π 1,300 ≈â“π∫“∑ ∫√‘…—∑¬àÕ¬ „π°“√ª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ‡¡◊ËÕ«—π∑’Ë 18 ∏—π«“§¡ 2546 ·≈–«—π∑’Ë 5 ¡°√“§¡ 2547 ºŸâ∂◊ÕÀÿâπ¢Õß ∫√‘…—∑ ª√–ª“ π§√ «√√§å ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß ‰¥â¡’¡µ‘„Àâ≈¥∑ÿπ®¥∑–‡∫’¬π®“° 80 ≈â“π∫“∑ (·∫àß‡ªìπ 8,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑) ‡ªìπ 40 ≈â“π∫“∑ (·∫àß‡ªìπ 8,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 5 ∫“∑) ∫√‘…—∑¬àÕ¬¥—ß°≈à“«‰¥â®¥∑–‡∫’¬π°“√≈¥∑ÿππ’È°—∫°√–∑√«ßæ“≥‘™¬å‡¡◊ËÕ«—π∑’Ë 13 æƒ…¿“§¡ 2547 19. „∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠

≥ «—π∑’Ë 30 °—π¬“¬π 2548 ∫√‘…—∑œ¡’„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë¬—ß¡‘‰¥â¡’°“√„™â ‘∑∏‘¿“¬À≈—ß°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“∑’Ëµ√“‰«â¢ÕßÀÿâπ “¡—≠ µ“¡∑’Ë°≈à“«‰«â„πÀ¡“¬‡Àµÿ 18 ¥—ßπ’È :-

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 1.„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠¢Õß∫√‘…—∑œ∑’ËÕÕ°„Àâ·°àæπ—°ß“π °√√¡°“√ ∑’Ëª√÷°…“¢Õß∫√‘…—∑œ ®”π«π 50,000,000 Àπà«¬ √“§“°“√„™â ‘∑∏‘ Õ—µ√“°“√„™â ‘∑∏‘ «—π„™â ‘∑∏‘§√—Èß·√° «—π„™â ‘∑∏‘§√—Èß ÿ¥∑â“¬„π«—π ‘Èπ ÿ¥Õ“¬ÿ¢Õß„∫ ”§—≠· ¥ß ‘∑∏‘ ®”π«π„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë¬—ß¡‘‰¥â¡’°“√„™â ‘∑∏‘

: : : : :

√“§“Àÿâπ≈– 1 ∫“∑ 1 Àÿâπ “¡—≠ µàÕ 1 „∫ ”§—≠· ¥ß ‘∑∏‘ 30 ∏—π«“§¡ 2547 2 ∏—π«“§¡ 2550 25,313,000 Àπà«¬

2.„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠¢Õß∫√‘…—∑œ∑’ËÕÕ°„Àâ·°àºŸâ∂◊ÕÀÿâπ‡¥‘¡·≈–∫ÿ§§≈∑—Ë«‰ª ®”π«π 340,000,000 Àπà«¬ √“§“°“√„™â ‘∑∏‘ Õ—µ√“°“√„™â ‘∑∏‘ «—π„™â ‘∑∏‘§√—Èß·√° «—π„™â ‘∑∏‘§√—Èß ÿ¥∑â“¬„π«—π ‘Èπ ÿ¥Õ“¬ÿ¢Õß„∫ ”§—≠· ¥ß ‘∑∏‘ ®”π«π„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë¬—ß¡‘‰¥â¡’°“√„™â ‘∑∏‘

: : : : :

√“§“Àÿâπ≈– 4 ∫“∑ 1 Àÿâπ “¡—≠ µàÕ 1 „∫ ”§—≠· ¥ß ‘∑∏‘ 30 ∏—π«“§¡ 2547 28 æƒ»®‘°“¬π 2550 340,000,000 Àπà«¬

20. ∑√—æ¬å ‘π∑’Ë ‰¥â√—∫‚Õπ®“°≈Ÿ°§â“

∑√—æ¬å ‘π∑’Ë‰¥â√—∫‚Õπ®“°≈Ÿ°§â“ ‰¥â·°à√–∫∫∑àÕ àßπÈ”·≈–¡“µ√«—¥πÈ” ´÷Ëß∫√‘…—∑œ√—∫‚Õπ®“°≈Ÿ°§â“´÷Ëß‡ªìπ‰ªµ“¡ —≠≠“«“ß∑àÕ àßπÈ”¥‘∫ ·≈–µ‘¥µ—Èß‡ªìπºŸâ„™âπÈ” ∑√—æ¬å ‘π∑’Ë‰¥â√—∫‚Õπ®“°≈Ÿ°§â“· ¥ß¥â«¬¬Õ¥ ÿ∑∏‘®“°§à“‡ ◊ËÕ¡√“§“ – ¡¢Õß∑√—æ¬å ‘π 21. ”√Õßµ“¡°ÆÀ¡“¬

µ“¡¡“µ√“ 116 ·Ààßæ√–√“™∫—≠≠—µ∫‘ √‘…∑— ¡À“™π®”°—¥ æ.». 2535 ∫√‘…∑— œ®–µâÕß®—¥ √√°”‰√ ÿ∑∏‘ª√–®”ªï «à πÀπ÷ßË ‰«â‡ªìπ∑ÿπ ”√Õß µ“¡°ÆÀ¡“¬‰¡àπâÕ¬°«à“√âÕ¬≈– 5 ¢Õß°”‰√ ÿ∑∏‘ª√–®”ªï À≈—ß®“°À—°¢“¥∑ÿπ – ¡¬°¡“ (∂â“¡’) ®π°«à“ ”√Õß¥—ß°≈à“«¡’®”π«π‡∑à“°—∫√âÕ¬ ≈– 10 ¢Õß∑ÿπ®¥∑–‡∫’¬π ”√Õßµ“¡°ÆÀ¡“¬¥—ß°≈à“«‰¡à “¡“√∂π”‰ª®à“¬‡ªìπ‡ß‘πªíπº≈‰¥â 22. ‡ß‘πªíπº≈

‡¡◊ËÕ«—π∑’Ë 15 ¡‘∂ÿπ“¬π 2548 ∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑œ¡’¡µ‘Õπÿ¡—µ‘°“√®à“¬‡ß‘πªíπº≈„Àâ·°àºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑œ®“°º≈°“√¥”‡π‘π ß“πß«¥√–¬–‡«≈“À°‡¥◊Õπ ‘Èπ ÿ¥«—π∑’Ë 31 ¡’π“§¡ 2548 ”À√—∫Àÿâπ “¡—≠®”π«π 1,299,600,000 Àÿâπ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑ „πÕ—µ√“Àÿâπ≈– 0.125 ∫“∑ √«¡‡ªìπ‡ß‘πªíπº≈∑—Èß ‘Èπ 162 ≈â“π∫“∑ ‚¥¬∫√‘…—∑œ®à“¬‡ß‘πªíπº≈„π«—π∑’Ë 15 °√°Æ“§¡ 2548

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ‡¡◊ÕË «—π∑’Ë 28 ¡°√“§¡ 2548 ∑’ªË √–™ÿ¡ “¡—≠ª√–®”ªïº∂Ÿâ Õ◊ Àÿπâ ¡’¡µ‘Õπÿ¡µ— ®‘ “à ¬‡ß‘πªíπº≈„Àâ·°àº∂Ÿâ Õ◊ Àÿπâ ¢Õß∫√‘…∑— œ®“°º≈°“√¥”‡π‘πß“π ”À√—∫ ªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π 2547 „πÕ—µ√“Àÿâπ≈– 2.50 ∫“∑ ”À√—∫Àÿâπ “¡—≠®”π«π 129,680,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑ √«¡‡ªìπ ‡ß‘πªíπº≈∑—Èß ‘Èπ®”π«π 324.2 ≈â“π∫“∑ ‚¥¬∫√‘…—∑œ®à“¬‡ß‘πªíπº≈„π«—π∑’Ë 28 °ÿ¡¿“æ—π∏å 2548 ‡¡◊ÕË «—π∑’Ë 28 ¡°√“§¡ 2547 ∑’ªË √–™ÿ¡ “¡—≠ª√–®”ªïº∂Ÿâ Õ◊ Àÿπâ ¡’¡µ‘Õπÿ¡µ— ®‘ “à ¬‡ß‘πªíπº≈„Àâ·°àº∂Ÿâ Õ◊ Àÿπâ ¢Õß∫√‘…∑— œ®“°º≈°“√¥”‡π‘πß“π ”À√—∫ ªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π 2546 ”À√—∫Àÿâπ “¡—≠®”π«π 100,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑ „πÕ—µ√“Àÿâπ≈– 2.00 ∫“∑ √«¡‡ªìπ ‡ß‘πªíπº≈∑—Èß ‘Èπ®”π«π 200 ≈â“π∫“∑ 23. √“¬°“√ª√—∫ª√ÿßªï°àÕπ

∫√‘…∑— œ∫—π∑÷°§à“„™â®“à ¬‡°’¬Ë «°—∫æπ—°ß“π√“¬°“√Àπ÷ßË ‡ªìπ§à“„™â®“à ¬„πªï∑‰’Ë ¥â®“à ¬®√‘ß ´÷ßË ‰¡à‡ªìπ‰ªµ“¡‡°≥±å§ß§â“ß ¥—ßπ—πÈ „πªïª®í ®ÿ∫π— ∫√‘…—∑œ‰¥â∫—π∑÷°ª√—∫ª√ÿß§à“„™â®à“¬¥—ß°≈à“«°—∫°”‰√ – ¡¬°¡“¢Õßªï 2547 ·≈– 2548 ·≈–ª√—∫¬âÕπÀ≈—ßß∫°“√‡ß‘πªï°àÕπ∑’Ë· ¥ß‰«â ≥ ∑’Ëπ’È ‡æ◊ÕË °“√‡ª√’¬∫‡∑’¬∫‚¥¬∂◊Õ‡ ¡◊Õπ«à“‰¥â∫π— ∑÷°∫—≠™’∂°Ÿ µâÕßµ—ßÈ ·µà·√° ‚¥¬∑”°“√ª√—∫ª√ÿß°”‰√ – ¡¬°¡“¢Õßªï 2547 ·≈–ß∫°”‰√¢“¥∑ÿπ ”À√—∫ ªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π 2547 ∑’Ë· ¥ß‡ª√’¬∫‡∑’¬∫‰«â ≥ ∑’Ëπ’È ´÷Ëß¡’º≈∑”„Àâ°”‰√ – ¡¬°¡“¢Õßªï 2547 ≈¥≈ß®”π«π 18.9 ≈â“π∫“∑ ·≈– °”‰√ ÿ∑∏‘ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π 2547 ≈¥≈ß®”π«π 4.2 ≈â“π∫“∑ (0.004 ∫“∑µàÕÀÿâπ) 24. §à“µÕ∫·∑π°√√¡°“√

§à“µÕ∫·∑π°√√¡°“√‡ªìπº≈ª√–‚¬™πå∑’Ë®à“¬„Àâ·°à°√√¡°“√¢Õß∫√‘…—∑œµ“¡¡“µ√“ 90 ¢Õßæ√–√“™∫—≠≠—µ‘∫√‘…—∑¡À“™π®”°—¥ ‚¥¬ ‰¡à√«¡‡ß‘π‡¥◊Õπ ‚∫π— ·≈–º≈ª√–‚¬™πå‡°’Ë¬«¢âÕß∑’Ë®à“¬„Àâ°—∫°√√¡°“√∫√‘À“√ „π√–À«à“ß‰µ√¡“ ∑’Ë 1 ªï 2548 ∫√‘…—∑œ‰¥â®—¥ √√„∫ ”§—≠· ¥ß ‘∑∏‘‡æ◊ËÕ´◊ÈÕÀÿâπ “¡—≠¢Õß∫√‘…—∑œ®”π«π 20,000,000 Àπà«¬ „Àâ·°à °√√¡°“√ ¥—ß√“¬≈–‡Õ’¬¥„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 19 ´÷ßË „∫ ”§—≠· ¥ß ‘∑∏‘¥ß— °≈à“«¡’ ∑‘ ∏‘´Õ◊È Àÿπâ “¡—≠¢Õß∫√‘…∑— œ„π√“§“µ“¡¡Ÿ≈§à“ ∑’Ëµ√“‰«âÀÿâπ≈– 1 ∫“∑ 25. °Õß∑ÿπ Ì“√Õß‡≈’È¬ß™’æ

∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬ ‰¥â·°à ∫√‘…—∑ ¬Ÿπ‘‡«Õ√å·´≈ ¬Ÿ∑’≈‘µ’È å ®Ì“°—¥ ∫√‘…—∑ ª√–ª“ ©–‡™‘ß‡∑√“ ®”°—¥ ∫√‘…—∑ ª√–ª“ ∫“ßª–°ß ®”°—¥ ·≈–∫√‘…—∑ Õ’ ‡∑‘√åπ ‚Œ∫“ ‰ææå ®Ì“°—¥‰¥â®—¥µ—Èß‡ß‘π°Õß∑ÿπ Ì“√Õß‡≈’È¬ß™’ææπ—°ß“πµ“¡§«“¡„πæ√–√“™∫—≠≠—µ‘°Õß∑ÿπ Ì“√Õß‡≈’È¬ß™’æ æ.». 2530 ·≈–‡¢â“‡ªìπ°Õß∑ÿπ®¥∑–‡∫’¬π‚¥¬‰¥â√—∫Õπÿ¡—µ‘®“° Ì“π—°ß“π§≥–°√√¡°“√°Ì“°—∫À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å ´÷Ëßª√–°Õ∫¥â«¬‡ß‘π∑’Ë æπ—°ß“π®à“¬ – ¡„πÕ—µ√“√âÕ¬≈– 3 - 10 ¢Õß‡ß‘π‡¥◊Õπ·≈–‡ß‘π∑’Ë∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬®à“¬ ¡∑∫„πÕ—µ√“√âÕ¬≈– 5 - 10 ¢Õß‡ß‘π‡¥◊Õπ °Õß∑ÿπ Ì“√Õß‡≈’È¬ß™’æπ’È∫√‘À“√‚¥¬ºŸâ®—¥°“√°Õß∑ÿπ√—∫Õπÿ≠“µ·ÀàßÀπ÷Ëßµ“¡¢âÕ°Ì“Àπ¥·≈–‡ß◊ËÕπ‰¢„π °Æ°√–∑√«ß©∫—∫∑’Ë 2 (æ.». 2532) ÕÕ° µ“¡§«“¡„πæ√–√“™∫—≠≠—µ‘«à“¥â«¬°Õß∑ÿπ Ì“√Õß‡≈’È¬ß™’æ æ.». 2530

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 „π√–À«à“ßªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬®à“¬ ¡∑∫‡¢â“°Õß∑ÿπœ‡ªìπ®Ì“π«π‡ß‘πª√–¡“≥ 4.8 ≈â“π∫“∑ ·≈– 3.9 ≈â“π∫“∑ µ“¡≈Ì“¥—∫ (‡©æ“–∫√‘…—∑œ : 3.3 ≈â“π∫“∑ ·≈– 3.0 ≈â“π∫“∑ µ“¡≈Ì“¥—∫) 26. ®”π«π·≈–§à“„™â®à“¬‡°’Ë¬«°—∫æπ—°ß“π

®”π«πæπ—°ß“π ≥ «—π ‘Èπªï (§π) §à“„™â®à“¬‡°’Ë¬«°—∫æπ—°ß“π ”À√—∫ªï (≈â“π∫“∑)

ß∫°“√‡ß‘π√«¡ 2548 2547

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

269 123.3

93 63.4

267 109.8

91 56.4

27. ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈

¿“…’‡ß‘π‰¥âπµ‘ ∫‘ §ÿ §≈ ”À√—∫ªï§”π«≥¢÷πÈ ®“°°”‰√ ÿ∑∏‘¢Õß∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬ ”À√—∫ªïÀ≈—ß®“°∫«°°≈—∫¥â«¬∫—≠™’ ”√Õß·≈–§à“„™â ®à“¬µà“ß Ê ∑’Ë‰¡àÕπÿ≠“µ„Àâ∂◊Õ‡ªìπ§à“„™â®à“¬„π°“√§”π«≥¿“…’ ∫—≠™’ ”√Õß‡À≈à“π’È®–À—°‡ªìπ√“¬®à“¬„π°“√§”π«≥¿“…’‡ß‘π‰¥â‡¡◊ËÕ√“¬®à“¬∑’Ë µ—Èß ”√Õßπ—Èπ‰¥â‡°‘¥¢÷Èπ®√‘ß 28. °“√°√–∑∫¬Õ¥°”‰√µàÕÀÿâπª√—∫≈¥

°”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√ ÿ∑∏‘ º≈°√–∑∫¢ÕßÀÿâπ “¡—≠ ‡∑’¬∫‡∑à“ª√—∫≈¥ °”‰√µàÕÀÿâπª√—∫≈¥ °”‰√∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ “¡—≠ ¡¡µ‘«à“¡’°“√·ª≈ß‡ªìπ Àÿπâ “¡—≠

°”‰√ ÿ∑∏‘ 2548 2547 (æ—π∫“∑) (æ—π∫“∑)

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 30 °—π¬“¬π ®”π«πÀÿâπ “¡—≠ °”‰√µàÕÀÿâπ ∂—«‡©≈’¬Ë ∂à«ßπÈ”Àπ—° 2548 2547 2548 2547 (æ—πÀÿπâ ) (∫“∑) (æ—πÀÿπâ ) (∫“∑)

500,051

441,313

1,266,555

500,051

441,313

22,922

1,289,447

1,000,000

0.39

0.44

0.39

0.44

1,000,000

√“¬ß“πª√–®”ªï 2548

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∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 31.2 √“¬‰¥â µâπ∑ÿπ¢“¬·≈–°”‰√¢—πÈ µâπ®“°°“√¢“¬πÈ”¥‘∫·≈–∑’¥Ë π‘ Õ“§“√·≈–Õÿª°√≥å ·¬°µ“¡‚§√ß¢à“¬∑àÕ àßπÈ”¡’¥ß— π’È :æ—π∫“∑ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ ”À√—∫ªï π‘È ÿ¥«—π∑’Ë 30 °—π¬“¬π 2548 ‚§√ß¢à“¬∑àÕ àßπÈ” ‚§√ß¢à“¬∑àÕ àßπÈ” ¥Õ°°√“¬ ÀπÕßª≈“‰À≈ - ¡“∫µ“æÿ¥ - ¡“∫µ“æÿ¥

‚§√ß¢à“¬∑àÕ àßπÈ” ‚§√ß¢à“¬∑àÕ àßπÈ” ÀπÕßª≈“‰À≈ ÀπÕß§âÕ - ÀπÕß§âÕ - ·À≈¡©∫—ß

‚§√ß¢à“¬∑àÕ àßπÈ” - ©–‡™‘ß‡∑√“

√“¬‰¥â®“°°“√®”Àπà“¬πÈ”¥‘∫ µâπ∑ÿπ¢“¬ °”‰√ (¢“¥∑ÿπ) ¢—Èπµâπ

366,057 (118,109) 247,948

496,862 (118,863) 377,999

301,529 (138,078) 163,451

102,625 (43,587) 59,037

76,984 (92,627) (15,643)

∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å- ÿ∑∏‘

1,022,444

128,537

67,350

153,297

2,996,523

√«¡ 1,344,057 (511,264) 832,793

æ—π∫“∑ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ ”À√—∫ªï π‘È ÿ¥«—π∑’Ë 30 °—π¬“¬π 2547 ‚§√ß¢à“¬∑àÕ àßπÈ” ‚§√ß¢à“¬∑àÕ àßπÈ” ¥Õ°°√“¬ ÀπÕßª≈“‰À≈ - ¡“∫µ“æÿ¥ - ¡“∫µ“æÿ¥

‚§√ß¢à“¬∑àÕ àßπÈ” ‚§√ß¢à“¬∑àÕ àßπÈ” ÀπÕßª≈“‰À≈ ÀπÕß§âÕ - ÀπÕß§âÕ - ·À≈¡©∫—ß

‚§√ß¢à“¬∑àÕ àßπÈ” - ©–‡™‘ß‡∑√“

√“¬‰¥â®“°°“√®”Àπà“¬πÈ”¥‘∫ µâπ∑ÿπ¢“¬ °”‰√ (¢“¥∑ÿπ) ¢—Èπµâπ

475,177 (121,369) 353,808

346,710 (93,181) 253,529

309,620 (142,792) 166,828

76,300 (33,529) 42,771

49,133 (73,413) (24,280)

∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å- ÿ∑∏‘

785,673

122,449

46,906

41,373

1,827,406

√«¡ 1,256,940 (464,284) 792,656

√“¬‰¥â®“°°“√¢“¬πÈ”¥‘∫„π‚§√ß¢à“¬∑àÕ àßπÈ”ÀπÕß§âÕ - ·À≈¡©∫—ß ¡’¥—ßπ’È :-

(Àπà«¬ : æ—π∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…∑— 2548 2547 ‚§√ß¢à“¬∑àÕ àßπÈ”ÀπÕß§âÕ - ·À≈¡©∫—ß 1 ‚§√ß¢à“¬∑àÕ àßπÈ”ÀπÕß§âÕ - ·À≈¡©∫—ß 2 √«¡

229,178 72,351 301,529

249,542 60,078 309,620

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 31.3 √“¬‰¥â µâπ∑ÿπ¢“¬·≈–°”‰√¢—πÈ µâπ®“°°“√¢“¬πÈ”ª√–ª“·¬°µ“¡‡¢µ ¡’¥ß— π’È :æ—π∫“∑ ß∫°“√‡ß‘π√«¡ ”À√—∫ªï π‘È ÿ¥«—π∑’Ë 30 °—π¬“¬π 2548

√“¬‰¥â®“°°“√®”Àπà“¬πÈ”ª√–ª“ µâπ∑ÿπ¢“¬ °”‰√¢—Èπµâπ

√–∫∫ª√–ª“ ©–‡™‘ß‡∑√“

√–∫∫ª√–ª“ ∫“ßª–°ß

77,402 (32,152) 45,250

58,355 (24,349) 34,006

√–∫∫ª√–ª“ √–∫∫ª√–ª“ √–∫∫ª√–ª“ √–∫∫ª√–ª“ ‡°“– ¡ÿ¬ ‡°“– ’™—ß —µÀ’∫ π§√ «√√§å 17,982 (16,524) 1,458

48,230 (47,780) 450

2,475 (2,450) 25

√«¡

16,152 220,596 (15,991) (139,246) 161 81,350

æ—π∫“∑ ß∫°“√‡ß‘π√«¡ ”À√—∫ªï π‘È ÿ¥«—π∑’Ë 30 °—π¬“¬π 2547

√“¬‰¥â®“°°“√®”Àπà“¬πÈ”ª√–ª“ µâπ∑ÿπ¢“¬ °”‰√¢—Èπµâπ

√–∫∫ª√–ª“ ©–‡™‘ß‡∑√“

√–∫∫ª√–ª“ ∫“ßª–°ß

66,765 (28,773) 37,992

45,190 (21,558) 23,632

√–∫∫ª√–ª“ √–∫∫ª√–ª“ √–∫∫ª√–ª“ √–∫∫ª√–ª“ ‡°“– ¡ÿ¬ ‡°“– ’™—ß —µÀ’∫ π§√ «√√§å 13,242 (7,676) 5,566

33,654 (33,319) 335

√«¡ 158,851 (91,326) 67,525

31.4 —¥ à«π°“√¢“¬πÈ”¥‘∫·°àºŸâ„™âπÈ”·µà≈–ª√–‡¿∑

(Àπà«¬ : √âÕ¬≈–) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…∑— 2548 2547 π‘§¡Õÿµ “À°√√¡ °“√ª√–ª“ ‚√ßß“π∑—Ë«‰ª √«¡

61 26 13 100

62 25 13 100

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 32. ‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π

‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π À¡“¬∂÷ß —≠≠“„¥Ê ∑’Ë∑”„Àâ ‘π∑√—æ¬å∑“ß°“√‡ß‘π¢Õß°‘®°“√Àπ÷Ëß·≈–Àπ’È ‘π∑“ß°“√‡ß‘πÀ√◊Õµ√“ “√∑ÿπ¢ÕßÕ’° °‘®°“√Àπ÷Ëß‡æ‘Ë¡¢÷Èπ ∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬‰¡à¡π’ ‚¬∫“¬∑’®Ë –ª√–°Õ∫∏ÿ√°√√¡µ√“ “√∑“ß°“√‡ß‘ππÕ°ß∫¥ÿ≈∑’‡Ë ªìπµ√“ “√Õπÿæπ— ∏å‡æ◊ÕË °“√‡°Áß°”‰√À√◊Õ°“√§â“ 32.1 §«“¡‡ ’Ë¬ß®“°Õ—µ√“¥Õ°‡∫’È¬ §«“¡‡ ’¬Ë ß®“°Õ—µ√“¥Õ°‡∫’¬È ‡°‘¥®“°°“√º—πº«π¢ÕßÕ—µ√“¥Õ°‡∫’¬È „π∑âÕßµ≈“¥´÷ßË ®–¡’º≈°√–∑∫µàÕ°“√¥”‡π‘πß“π¢Õß∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬∑—ßÈ „πªí®®ÿ∫π— ·≈–Õπ“§µºŸ∫â √‘À“√‡™◊ÕË «à“∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬¡’§«“¡‡ ’¬Ë ß„πÕ—µ√“¥Õ°‡∫’¬È πâÕ¬‡π◊ÕË ß®“°Õ—µ√“¥Õ°‡∫’¬È ‡ß‘π°Ÿ¬â ¡◊ ∑’‰Ë ¥â√∫— ·≈– ®à“¬‡ªìπÕ—µ√“µ≈“¥À√◊ÕÕ—µ√“§ß∑’Ë∑’Ë„°≈â‡§’¬ß°—∫Õ—µ√“µ≈“¥ ¥—ßπ—Èπ ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬®÷ß‰¡à‰¥â∑” —≠≠“‡æ◊ËÕªÑÕß°—π§«“¡‡ ’Ë¬ß¥—ß°≈à“« 32.2 §«“¡‡ ’¬Ë ß®“°Õ—µ√“·≈°‡ª≈’¬Ë π ∫√‘…—∑¬àÕ¬¡’°“√¥”‡π‘πß“π∑—Èß„πª√–‡∑»·≈–µà“ßª√–‡∑»√«¡∑—Èß¡’‡ß‘π°Ÿâ¬◊¡‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑» ´÷Ëß°àÕ„Àâ‡°‘¥§«“¡‡ ’Ë¬ß®“°°“√ ‡ª≈’¬Ë π·ª≈ß¢ÕßÕ—µ√“·≈°‡ª≈’¬Ë π‡ß‘πµ√“µà“ßª√–‡∑» ¥—ßπ—πÈ ºŸ∫â √‘À“√‰¥âæ®‘ “√≥“„™â ≠— ≠“´◊ÕÈ ¢“¬‡ß‘πµ√“µà“ßª√–‡∑»≈à«ßÀπâ“‡æ◊ÕË ªÑÕß°—π§«“¡ ‡ ’¬Ë ß¢ÕßÕ—µ√“·≈°‡ª≈’¬Ë π¥—ß°≈à“«‡ªìπ§√—ßÈ §√“«µ“¡§«“¡‡À¡“– ¡∫√‘…∑— ¬àÕ¬‰¥â‡¢â“∑” —≠≠“´◊ÕÈ ¢“¬‡ß‘πµ√“µà“ßª√–‡∑»≈à«ßÀπâ“°—∫∏π“§“√‡æ◊ÕË ªÑÕß°—π§«“¡‡ ’Ë¬ß®“°Õ—µ√“·≈°‡ª≈’Ë¬π∑’Ë®–®à“¬‡®â“Àπ’Èµà“ßª√–‡∑»„π√–¬–‡«≈“‰¡à‡°‘π 1 ªï‡ªìπ®”π«π 656,528 ¬Ÿ‚√ Õ—µ√“ 50.8465 ∫“∑ µàÕ¬Ÿ‚√ ≥ «—π∑’Ë 30 °—π¬“¬π 2548 ∫√‘…—∑¬àÕ¬¡’ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑»´÷Ëß‰¡à‰¥â¡’°“√∑” —≠≠“ªÑÕß°—π§«“¡‡ ’Ë¬ß¥â“π Õ—µ√“·≈°‡ª≈’Ë¬π¥—ßπ’È :-

°ÿ≈‡ß‘π ¬Ÿ‚√ ‡À√’¬≠ À√—∞Õ‡¡√‘°“ ªÕπ¥å ‡µÕ√å≈‘ß

‘π∑√—æ¬å -

Àπ’È ‘π 230,402 150,178 1,157

Õ—µ√“·≈°‡ª≈’¬Ë π ≥ «—π∑’Ë 30 °—π¬“¬π 2548 (∫“∑µàÕÀπà«¬ °ÿ≈‡ß‘πµ√“µà“ßª√–‡∑») 49.6372 41.1075 72.5393

√“¬ß“πª√–®”ªï 2548

∫√‘…—∑ ®—¥°“√·≈–æ—≤π“∑√—æ¬“°√πÈ”¿“§µ–«—πÕÕ° ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π (µàÕ) «—π∑’Ë 30 °—π¬“¬π 2548 ·≈– 2547 32.3 ¡Ÿ≈§à“¬ÿµ∏‘ √√¡ ‡π◊ÕË ß®“° ‘π∑√—æ¬å∑“ß°“√‡ß‘π·≈–Àπ’ È π‘ ∑“ß°“√‡ß‘π à«π„À≠à¡Õ’ µ— √“¥Õ°‡∫’¬È „°≈â‡§’¬ß°—∫Õ—µ√“¥Õ°‡∫’¬È „π∑âÕßµ≈“¥ ¥—ßπ—πÈ ¡Ÿ≈§à“µ“¡ ∫—≠™’¢Õß ‘π∑√—æ¬å·≈–Àπ’È ‘π∑“ß°“√‡ß‘π¥—ß°≈à“«®÷ß· ¥ß¡Ÿ≈§à“‰¡à·µ°µà“ß®“°¡Ÿ≈§à“¬ÿµ‘∏√√¡Õ¬à“ß¡’ “√– ”§—≠ 33. °“√· ¥ß√“¬°“√„πß∫°“√‡ß‘π °“√· ¥ß√“¬°“√„πß∫°“√‡ß‘ππ’‰È ¥â®¥— ∑”¢÷πÈ ‡æ◊ÕË „Àâ‡ªìπ‰ªµ“¡¢âÕ°”Àπ¥„πª√–°“»°√¡æ—≤π“∏ÿ√°‘®°“√§â“ ≈ß«—π∑’Ë 14 °—π¬“¬π 2544 ÕÕ°µ“¡§«“¡„πæ√–√“™∫—≠≠—µ‘°“√∫—≠™’ æ.». 2543 ∫√‘…∑— œ‰¥â¡°’ “√®—¥ª√–‡¿∑√“¬°“√∫—≠™’∫“ß√“¬°“√¢Õßß∫°“√‡ß‘π ”À√—∫ªï π‘È ÿ¥«—π∑’Ë 30 °—π¬“¬π 2547 ¢÷πÈ „À¡à ‡æ◊ÕË „Àâ Õ¥§≈âÕß°—∫ °“√®—¥ª√–‡¿∑¢Õß√“¬°“√∫—≠™’¢Õßªïªí®®ÿ∫—π ´÷Ëß‰¡à¡’º≈°√–∑∫µàÕ°”‰√ ÿ∑∏‘·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπµ“¡∑’Ë‰¥â√“¬ß“π‰«â·≈â« 34. °“√Õπÿ¡µ— ß‘ ∫°“√‡ß‘π ß∫°“√‡ß‘ππ’È‰¥â√—∫°“√Õπÿ¡—µ‘„Àâ‡º¬·æ√à®“°§≥–°√√¡°“√¢Õß∫√‘…—∑œ„π«—π∑’Ë 28 æƒ»®‘°“¬π 2548

§à“µÕ∫·∑π¢ÕßºŸâ Õ∫∫—≠™’ „πªïß∫ª√–¡“≥ 2548 µ“¡¡µ‘∑’Ëª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ ‡¡◊ËÕ«—π∑’Ë 28 ¡°√“§¡ 2548 ‰¥â¡’¡µ‘·µàßµ—Èß π“ß “¬Ωπ Õ‘π∑√å·°â« ‡≈¢∑–‡∫’¬π 4434 À√◊Õ π“ß “«√—µπ“ ®“≈– ‡≈¢∑–‡∫’¬π 3734 À√◊Õπ“¬≥√ß§å æ—πµ“«ß»å ‡≈¢∑–‡∫’¬π 3315 ·Ààß∫√‘…—∑ ”π—°ß“π ‡Õ‘π å∑ ·Õπ¥å ¬—ß ®”°—¥ ‡ªìπºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬ ‚¥¬¡’§à“µÕ∫·∑π®“°°“√ Õ∫∫—≠™’¢Õß∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬ ‡ªìπ‡ß‘π√«¡ 1,555,000 ∫“∑ (‡©æ“–§à“µÕ∫·∑π®“°°“√ Õ∫∫—≠™’¢Õß∫√‘…—∑œ 655,000 ∫“∑)

√“¬ß“πª√–®”ªï 2548

Report of Independent Auditor To The Board of Directors and Shareholders of Eastern Water Resources Development and Management Public Company Limited I have audited the accompanying consolidated balance sheet of Eastern Water Resources Development and Management Public Company Limited and its subsidiary companies as at 30 September 2005, the related consolidated statements of earnings, changes in shareholdersû equity and cash flows for the year then ended, and the separate financial statements of Eastern Water Resources Development and Management Public Company Limited for the same period. These financial statements are the responsibility of the Companyûs management as to their correctness and the completeness of the presentation. My responsibility is to report on these financial statements based on my audit. The consolidated financial statements and the separate financial statements for the year ended 30 September 2004, as presented herein for comparative purposes, were audited in accordance with generally accepted auditing standards by another auditor who, under his report dated 11 November 2004, expressed an unqualified opinion on those financial statements, except for the prior year adjustment as stated in Note 23 to the financial statements. I conducted my audit in accordance with generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion. In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Eastern Water Resources Development and Management Public Company Limited and its subsidiary companies and of Eastern Water Resources Development and Management Public Company Limited as at 30 September 2005 and the results of their operations and cash flows for the year then ended in accordance with generally accepted accounting principles.

Saifon Inkaew Certified Public Accountant (Thailand) No. 4434

Ernst & Young Office Limited Bangkok : 28 November 2005

√“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES BALANCE SHEETS AS AT 30 SEPTEMBER 2005 AND 2004 ASSETS Note

CONSOLIDATED 2005 2004 (Restatedà)

CURRENT ASSETS Cash and cash equivalents 335,761,872 4 Short-term investments 719,810,703 5 Trade accounts receivable 6 Related parties 136,874,793 Other companies - net 214,511,612 Total trade accounts receivable - net 351,386,405 Receivable from water loss reduction plan - related party 6 Bil ed 5,475,887 Unbil ed 8,535,405 Total receivable from water loss reduction plan - related party 14,011,292 Accrued income 3,761,271 6 Short-term loans to related parties 7 Inventories - net 149,335,155 Prepaid expense 14,996,138 Input tax refundable 67,610,922 Other current assets 60,723,635 TOTAL CURRENT ASSETS 1,717,397,393 NON-CURRENT ASSETS 8 Restricted bank deposits 28,936,370 9 Investments accounted for under equity method 10 Other investment - related company 85,387,500 11 Long-term investments 190,724,531 6 Long-term loans to related parties 12 5,631,045,032 Property, plant and equipment - net Intangible assets 13 Goodwill - net 187,768,130 Deferred cost of acquistion of concession - net 69,722,983 Other non-current assets Advance payment for pipeline installation 177,537,961 Others 20,380,846 Total non-current assets 197,918,807 TOTAL NON - CURRENT ASSETS 6,391,503,353 TOTAL ASSETS 8,108,900,746 The accompanying notes are an integral part of the financial statements.

152,907,371 1,993,291,155 120,872,091 69,365,025 190,237,116

(Unit : Baht) THE COMPANY ONLY 2005 2004 (Restatedà) 204,643,384 31,741,553 719,664,771 1,993,146,379 81,768,771 39,763,333 121,532,104

76,866,210 40,184,831 117,051,041

7,277,633 29,690,716 36,968,349 2,276,627 88,283,191 23,242,611 27,388,350 107,163,499 2,621,758,269

3,241,202 2,160,027 180,000,000 160,000,000 10,476,550 6,714,827 53,738,285 88,988 54,407,718 38,451,774 1,347,704,014 2,349,354,589

46,490,617 698,451 85,387,500 4,054,439,646

10,356,000 37,291,133 614,953,473 590,357,945 85,387,500 85,387,500 190,724,531 330,890,000 72,890,000 4,745,511,510 3,425,855,621

196,205,646 72,834,095 759,287 16,877,005 17,636,292 4,473,692,247 7,095,450,516

177,537,961 759,287 8,213,042 9,606,732 185,751,003 10,366,019 6,163,574,017 4,222,148,218 7,511,278,031 6,571,502,807

√“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES BALANCE SHEETS (Continued) AS AT 30 SEPTEMBER 2005 AND 2004 LIABILITIES AND SHAREHOLDERû EQUITY Note

CONSOLIDATED 2005 2004 (Restatedà)

CURRENT LIABILITIES Short - term loans from financial institutions 50,000,000 60,000,000 14 Trade accounts payable 467,958 Related parties 1,860,000 6 Other companies 149,543,588 58,543,599 Total trade accounts payable 151,403,588 86,011,557 10,284,120 Short-term loan from related party 6 Current portion of long-term loans from financial institutions 32,500,000 28,000,000 15 325,000,000 Notes payable due within one year 16 Other current liabilities Other payable from purchase of fixed assets 717,837,148 16,888,611 Accrued interest 27,132,644 28,273,245 Corporate income tax payable 106,454,259 81,747,277 Others - related parties 48,572,703 14,250,778 6 Others 193,259,496 91,524,683 Total other current liabilities 1,093,256,250 232,684,594 TOTAL CURRENT LIABILITIES 1,327,159,838 741,980,271 NON-CURRENT LIABILITIES Long-term loans from financial institutions - net 237,000,000 269,500,000 of current portion 15 Debentures 17 2,500,000,000 2,500,000,000 27,818,958 13,927,559 Retentions 2,764,818,958 2,783,427,559 TOTAL NON-CURRENT LIABILITIES 4,091,978,796 3,525,407,830 TOTAL LIABILITIES The accompanying notes are an integral part of the financial statements.

(Unit : Baht) THE COMPANY ONLY 2005 2004 (Restatedà) 6,307,595 7,520,181 13,827,776 -

12,047,523 12,047,523 -

325,000,000

670,089,229 26,966,220 89,438,193 125,952,938 70,579,081 983,025,661 996,853,437

13,156,233 26,966,220 79,616,351 8,476,327 68,958,672 197,173,803 534,221,326

2,500,000,000 2,500,000,000 17,712,818 9,957,588 2,517,712,818 2,509,957,588 3,514,566,255 3,044,178,914

√“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES BALANCE SHEETS (Continued) AS AT 30 SEPTEMBER 2005 AND 2004 SHAREHOLDERû EQUITY Note 18 Share capital Registered 1,665,000,000 ordinary shares of Baht 1 each (30 September 2004 : 166,500,000 ordinary shares of Baht 10 each) Issued and paid up 1,299,687,000 ordinary shares of Baht 1 each (30 September 2004 : 100,000,000 ordinary shares of Baht 10 each) Share premium 20 Assets transferred from customers - net Revaluation deficit on investments Retained earnings 21 Appropriated - statutory reserve Unappropriated EQUITY ATTRIBUTABLE TO THE COMPANY'S SHAREHOLDERS MINORITY INTERESTS - EQUITY ATTRIBUTABLE TO MINORITY SHAREHOLDERS OF SUBSIDIARIES TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

CONSOLIDATED 2005 2004 (Restatedà)

(Unit : Baht) THE COMPANY ONLY 2005 2004 (Restatedà)

1,665,000,000 1,665,000,000 1,665,000,000 1,665,000,000

1,299,687,000 1,000,000,000 1,299,687,000 1,000,000,000 1,122,346,832 977,889,832 1,122,346,832 977,889,832 56,514,928 59,986,580 56,514,928 59,986,580 (15,294,037) (15,294,037) 152,408,912 127,292,613 152,408,912 127,292,613 1,365,754,104 1,377,448,905 1,365,754,104 1,377,448,905 3,996,711,776 3,527,323,893 3,996,711,776 3,527,323,893 20,210,174 42,718,793 4,016,921,950 3,570,042,686 3,996,711,776 3,527,323,893 8,108,900,746 7,095,450,516 7,511,278,031 6,571,502,807

The accompanying notes are an integral part of the financial statements.

Chairman (Mr. Sujarit Patchimnun)

President & CEO (Mr. Wanchai Lawatanatrakul)

√“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENTS OF EARNINGS FOR THE YEARS ENDED 30 SEPTEMBER 2005 AND 2004

Note REVENUES 6 Sales - raw water Sales - others Total sales 6 Service income Interest income and dividend income Gain on sale of investments Share of profit from investments accounted for under equity method Other income TOTAL REVENUES EXPENSES Costs of sales - raw water Costs of sales - others Total costs of sales Costs of services Selling and administrative expenses Expense for development of life quality and environment 24 Directors' remuneration Loss on sale of investments Share of loss from investments accounted for under equity method TOTAL EXPENSES EARNINGS BEFORE INTEREST EXPENSES AND INCOME TAX INTEREST EXPENSES 27 CORPORATE INCOME TAX EARNINGS BEFORE MINORITY INTERESTS LOSS IN RESPECT OF MINORITY INTERESTS NET EARNINGS FOR THE YEAR

CONSOLIDATED 2005 2004 (Restatedà) 1,317,758,309 553,837,722 1,871,596,031 159,889,323 55,743,008 -

(Unit : Baht) THE COMPANY ONLY 2005 2004 (Restatedà)

24,595,528 6,344,450 4,247,120 5,547,497 6,136,116 2,093,572,812 1,899,346,444 1,515,308,429 1,401,695,710 506,591,420 374,520,439 881,111,859 130,166,679 203,662,362 14,864,932 32,678,064 3,595,428

462,954,685 302,616,979 765,571,664 138,397,684 145,830,504 12,285,475 19,996,924 -

511,263,902 65,368,292 576,632,194 3,620,765 88,041,628 13,848,032 21,980,679 3,595,428

464,283,897 32,149,385 496,433,282 5,777,942 71,025,329 11,845,574 12,305,671 -

1,266,079,324 827,493,488 (142,951,313) (206,728,171) 477,814,004 22,236,619 500,050,623

135,702 1,082,217,953 817,128,491 (216,492,524) (179,269,934) 421,366,033 19,946,490 441,312,523

707,718,726 807,589,703 (127,029,107) (180,509,973) 500,050,623 500,050,623

2,537,362 599,925,160 801,770,550 (197,012,270) (163,445,757) 441,312,523 441,312,523

0.39

0.44

0.39

0.44

Diluted earnings per share Net earnings 0.39 The accompanying notes are an integral part of the financial statements.

0.44

0.39

0.44

EARNINGS PER SHARE Basic earnings per share Net earnings

977,889,832 977,889,832 977,889,832 144,457,000 1,122,346,832

1,000,000,000 1,000,000,000 1,000,000,000 299,687,000 1,299,687,000

The accompanying notes are an integral part of these financial statements.

Balance - as at 1 October 2003 - as previously reported Prior year adjustment (Note 23) Balance - as at 1 October 2003 - after prior year adjustment Amortisation of assets transferred from customers Decrease in surplus on revaluation of investments Statutory reserve (Note 21) Dividend paid (Note 22) Net earnings for the year Loss in respect of minority interests Balance - as at 30 September 2004 Amortisation of assets transferred from customers Increase in share capital Increase in surplus on revaluation of investments Statutory reserve (Note 21) Dividend paid (Note 22) Net earnings for the year Loss in respect of minority interests Balance - as at 30 September 2005

Share Premium

Issued and paid-up share capital

FOR THE YEARS ENDED 30 SEPTEMBER 2005 AND 2004

(3,471,652) 56,514,928

63,467,744 (3,481,164) 59,986,580

63,467,744

23,188,290 (38,482,327) (15,294,037) 15,294,037 -

23,188,290

105,000,000 22,292,613 127,292,613 25,116,299 152,408,912

105,000,000

1,158,428,995 (22,292,613) (200,000,000) 441,312,523 1,377,448,905 (25,116,299) (486,629,125) 500,050,623 1,365,754,104

(18,948,649)

1,177,377,644

62,805,683 (140,400) (19,946,490) 42,718,793 (272,000) (22,236,619) 20,210,174

62,805,683

Retained earnings Assets Revaluation transferred surplus (deficit) Appropriated from customers on investments statutory reserve Unappropriated Minority interests

In Baht Consolidated

3,390,780,544 (3,481,164) (38,482,327) (200,140,400) 441,312,523 (19,946,490) 3,570,042,686 (3,471,652) 444,144,000 15,294,037 (486,901,125) 500,050,623 (22,236,619) 4,016,921,950

(18,948,649)

3,409,729,193

Total

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENTS OF CHANGES IN SHAREHOLDERSû EQUITY

√“¬ß“πª√–®”ªï 2548 98

1,000,000,000 1,000,000,000 1,000,000,000 299,687,000 1,299,687,000

The accompanying notes are an integral part of the financial statements.

Balance - as at 1 October 2003 - as previously reported Prior year adjustment (Note 23) Balance - as at 1 October 2003 - after prior year adjustment Amortisation of assets transferred form customers Decrease in surplus on revaluation of investments Statutory reserve (Note 21) Dividend paid (Note 22) Net earnings for the year Balance - as at 30 September 2004 Amortisation of assets transferred form customers Increase in share capital Increase in surplus on revaluation of investments Statutory reserve (Note 21) Dividend paid (Note 22) Net earnings for the year Balance - as at 30 September 2005

Issued and paid-up share capital

FOR THE YEARS ENDED 30 SEPTEMBER 2005 AND 2004

977,889,832 977,889,832 977,889,832 144,457,000 1,122,346,832

Share Premium 63,467,744 63,467,744 (3,481,164) 59,986,580 (3,471,652) 56,514,928

23,188,290 23,188,290 (38,482,327) (15,294,037) 15,294,037 -

105,000,000 1,177,377,644 (18,948,649) 105,000,000 1,158,428,995 22,292,613 (22,292,613) (200,000,000) 441,312,523 127,292,613 1,377,448,905 (25,116,299) 25,116,299 (486,629,125) 500,050,623 152,408,912 1,365,754,104

Retained earnings Assets Revaluation transferred surplus (deficit) Appropriated from customers on investments statutory reserve Unappropriated

In Baht THE COMPANY ONLY

3,346,923,510 (18,948,649) 3,327,974,861 (3,481,164) (38,482,327) (200,140,400) 441,312,523 3,527,323,893 (3,471,652) 444,144,000 15,294,037 (486,629,125) 500,050,623 3,996,711,776

Total

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENTS OF CHANGES IN SHAREHOLDERSû EQUITY

99 √“¬ß“πª√–®”ªï 2548

√“¬ß“πª√–®”ªï 2548 100

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED 30 SEPTEMBER 2005 AND 2004 CONSOLIDATED 2005 2004 (Restatedà) Cash flows from operating activities Net earnings 500,050,623 Adjustments to reconcile net earnings to net cash provided by (paid from) operating activities :Shares of loss (profit) from investments accounted for under equity method Loss in respect of minority interests (22,236,619) Provision for diminution in value of inventories 1,140,529 Reversal of allowance for doubtful debt (1,897,079) Depreciation 211,467,050 Amortisation of deferred acquisition cost of concession 3,111,112 Amortisation of deferred debenture underwriting expenses 1,341,856 Amortisation of assets transferred from customers (3,471,652) Loss on disposal of fixed assets 56,668 Amortisation of goodwil 8,437,516 Earnings from operating activities before changes in operating assets and liabilities 698,000,004 Decrease (increase) in operating assets Trade accounts receivable (159,252,210) Receivable from water loss reduction plan 22,957,057 Accrued income (1,484,644) Inventories (62,192,493) Other current assets 12,385,966 Other non-current assets (3,489,385) Increase (decrease) in operating liabilities Trade accounts payable 65,392,031 Accrued interest (1,103,482) Corporate income tax payable 24,706,982 Other payable Other current liabilities 119,674,567 Retentions 13,891,399 Net cash flows from operating activities 729,485,792 The accompanying notes are an integral part of the financial statements.

(Unit : Baht) THE COMPANY ONLY 2005 2004 (Restatedà)

441,312,523

500,050,623

441,312,523

135,702 (19,946,490) (452,921) 196,836,410 3,119,634

(24,595,528) (1,897,079) 149,225,859 -

2,537,362 (452,921) 140,837,876 -

2,166,065 (3,481,164) 8,930 8,283,236

1,341,856 (3,471,652) 2,481 -

2,166,065 (3,481,164) -

627,981,925

620,656,560

582,919,741

(40,347,453) 69,939,094 (50,222,880) (75,874,821) (8,670,957)

(2,583,984) (1,081,175) (74,901,204) 1,408,147

(3,756,975) (1,530,051) (4,867,466)

(787,697) (11,599,979) 22,409,764 (35,302,050) (4,068,235) 493,456,711

1,780,253 9,821,842 117,476,611 (11,535,824) 7,755,230 668,796,456

3,782,989 (11,400,903) 22,774,109 4,911,323 3,089,964 (2,978,413 592,944,318

101 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES STATEMENTS OF CASH FLOWS (Continued) FOR THE YEARS ENDED 30 SEPTEMBER 2005 AND 2004 CONSOLIDATED 2005 2004 (Restatedà) Cash flows from investing activities Decrease (increase) in restricted bank deposits 17,554,247 Decrease (increase) in short-term investments 1,098,049,958 Increase in short-term loans to subsidiaries Decrease (increase) in long-term loans to subsidiaries Decrease (increase) in advance payment for water pipeline installation (176,778,674) Decrease in long-term investment-net of cash received 698,451 Cash received from disposal of fixed assets 405,634 Cash paid for purchase of fixed assets (1,070,519,662) Net cash used in investing activities (130,590,046) Cash flows from financing activities Cash received from (paid for repayment of) short-term loans from financial institutions (10,000,000) Cash received from (paid for repayment of) short-term loans from related parties (10,284,120) Cash received from (paid for repayment of) long-term loans from financial institutions (28,000,000) Cash paid for dued notes payable (325,000,000) Cash received from issuance of debenture Cash paid for repayment of debenture Cash received from capital increase 444,144,000 Dividend paid (486,901,125) Net cash flows from (used in) financing activities (416,041,245) Net increase (decrease) in cash and cash equivalents 182,854,501 Cash and cash equivalents at beginning of year 152,907,371 Cash and cash equivalents at ending of year 335,761,872 Supplemental cash flow information Cash paid during the period for :Interest expenses 167,951,142 Corporate income tax 196,251,010 Non-cash related transaction :Payable for purchase of fixed assets 717,837,148 The accompanying notes are an integral part of the financial statements.

(Unit : Baht) THE COMPANY ONLY 2005 2004 (Restatedà)

26,935,133 (7,939,500) (8,699,601) (439,993,378) 1,098,051,114 (471,850,581) (20,000,000) (134,972,603 (258,000,000) 52,470,000 2,261,601 3,281,915 (176,778,674) 298,372 76,960 (208,588,521) (798,915,445) (139,409,725) (653,922,625) (128,409,500) (699,440,808)

55,000,000

10,284,120

41,308,309 (325,000,000) 2,500,000,000 2,500,000,000 (2,200,000,000) (2,200,000,000) 444,144,000 (200,140,400) (486,629,125) (200,000,000) 206,452,029 (367,485,125) 100,000,000 45,986,115 172,901,831 (6,496,490) 31,741,553 38,238,043 106,921,256 152,907,371 204,643,384 31,741,553

232,562,553 162,624,032

128,800,000 174,666,836

198,000,000 140,672,504

16,888,611

670,089,229

13,156,233

√“¬ß“πª√–®”ªï 2548 102

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS September 30, 2005 and 2004 1. GENERAL INFORMATION

Eastern Water Resources Development and Management Public Company Limited (çthe Companyé) is a listed company on the Stock Exchange of Thailand. The major shareholder of the Company is the Provincial Waterworks Authority. The Company is engaged in the development and management of the major water pipeline distribution systems in the eastern seaboard areas and in the procurement of raw water from government agency sources for commercial distribution to end users. According to the contract dated 26 December 1993 between the Company and the Ministry of Finance, the Company is privileged to manage the major water pipeline distribution systems for the period of 30 years. In return, the Company is required to provide the Ministry of Finance with the benefit according to the agreement. The registered office address of the Company is located at 9/9 Vipavadeerangsit Road, Laksi, Bangkok. 2. BASIS FOR THE PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS

These consolidated financial statements include the financial statements for the years ended 30 September 2005 and 2004 of Eastern Water Resources Development and Management Public Company Limited (hereinafter referred to as çthe Companyé) and its subsidiaries (hereinafter referred to as çthe Subsidiariesé) as detailed below :Subsidiaries Global Water Systems Corporation Limited Universal Utilities Company Limited

Eastern Hobas Pipes Company Limited Subsidiaries held by Universal Utilities Company Limited Chachoengsao Water Supply Company Limited Bangpakong Water Supply Company Limited Nakornsawan Water Supply Company Limited

Type of business Sale of water by vending machine and manufacture and installation of machines Production and supply of tap water, waste water treatment and sale of related machinery, equipment and chemical products, and investment in three water supply companies Manufacture and sale of water pipes

Percentage of shareholding 2004 2005 100

100

Production and supply of tap water

100

103 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 Material balances and transactions between the Company and its subsidiaries, investments in subsidiaries in the Companyûs accounts, and the subsidiariesû share capital have been eliminated from the consolidated financial statements. 3. SIGNIFICANT ACCOUNTING POLICIES

The financial statements have been prepared in accordance with accounting standards pronounced by the Institute of Certified Accountants and Auditors of Thailand which are effective under the Accounting Act B.E. 2543 Significant accounting policies adopted by the Company and subsidiaries are summarized below :3.1 Revenue recognition a) Sales and service income Sales and service income are the invoiced value, excluding value added tax, of goods supplied and services rendered after deducting goods returns, discounts and allowances. b) Water pipeline installation income and water loss reduction plan Income from water pipeline installation and the water loss reduction plan are recognised as income under the percentage of completion method. c) Interest and dividend income Interest is recognised as income on an accrual basis. Dividends are recognised as income when they are declared. 3.2 Cash and cash equivalents Cash and cash equivalents include cash on hand and at banks with an original maturity of 3 months or less and free from restrictions. 3.3 Trade accounts receivable and allowance for doubtful accounts Trade accounts receivable are stated at net realisable value. Allowance for doubtful accounts is provided for the estimated losses that may be incurred in collection of receivables. The adequacy of the allowance is based on collection experience and the current status of receivables outstanding at the balance sheet date. 3.4 Inventories The subsidiary companies value their inventories as follow :Finished goods - at lower of cost (specific identification method) and net realisable value (for water vending machines) - at lower of cost (weighted average method) and net realisable value (for water pipes) Work in process - at lower of cost (specific identification method) and net realisable value (for water vending machines)

√“¬ß“πª√–®”ªï 2548 104

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 Raw material and supplies - at lower of cost (first-in, first-out method) and net realisable value (for water vending machines) - at lower of cost (weighted average method) and net realisable value (for water pipes) Provision for diminution in value of inventories and stock obsolescence is set up for obsolete, slow-moving or deteriorated inventories. 3.5 Investments a) Investments in the subsidiaries are accounted for under the equity method. b) Investments in marketable securities which are available-for-sale are determined at fair value, which is based on the latest bid price of the last working day of the year as quoted on the Stock Exchange of Thailand. Changes in the carrying amounts of securities are recorded as a separate item in shareholdersû equity until the securities are sold, then the changes are included in determining earnings. c) Investment in non-marketable equity securities of related company, which the Company classifies as other investment, is valued at cost net of allowance for loss on diminution in value (if any). d) Investments in debt securities both due within one year and expected to be held to maturity are determined at cost after amortisation. The weighted average method is used for computation of the cost of investments. 3.6 Property, Plant and Equipment and Depreciation Property is stated at cost, plant and equipment are stated at cost net of accumulated depreciation and allowance for impairment loss (if any). Depreciation of property, plant and equipment has been computed using the straight-line method over the estimated useful lives of the assets (except Chachoengsao pipes which are depreciated by the units of production method). Estimated useful lives are as follows :No. of Years Pumping building Chachoengsao pipes (depreciated by the units of production method based on the capacity of assets for a period of 30 years) Building Land, leasehold and building improvements Machinery and equipment Office equipment Vehicles No depreciation is provided for land and construction in progress.

20 10 - 20 5 - 25 5 5

105 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 3.7 Capitalisation of borrowing as cost of assets Borrowing costs directly related to the acquisition of fixed assets are capitalised as part of the cost of the fixed assets, until the assets are ready for use. 3.8 Intangible assets and amortisation a) Deferred debenture underwriting expenses are amortised as expenses on a straight-line basis over the terms of the debentures, which are 4 and 7 years. b) Cost of acquisition of concession of subsidiary companies comprises consulting fees and other costs incurred directly in relation to obtaining the concession contract from the Provincial Waterworks Authority and is amortised as expenses on a straight-line basis over the concession period of 27 years. c) Goodwil represents the excess of the cost of an acquisition over the fair value of the attributable portion of the net asset value of the acquired subsidiary as at the date of acquisition. Goodwill on acquisitions is reported in the consolidated balance sheet as goodwill and is amortised using the straight-line method over periods of between 2 and 27 years. The carrying amount of goodwill is reviewed annually and written down for impairment where it is considered necessary. 3.9 Impairment of assets The Company and its subsidiaries review the impairment of assets when there is an indication that the carrying value of an asset exceeds its recoverable amount (the higher of net selling price or value in use). The review is made for individual assets or for the cash-generating unit, as the case may be. In case of the carrying value of asset is more than its recoverable amount, the Company and its subsidiaries wil recognise loss from impairment in the earnings statements. The Company and its subsidiaries will reverse loss from impairment when the indication of impairment no longer exists or impairment decreases. 3.10 Operating lease Leases of assets under which all the risks and rewards of ownership are effectively retained by the lessor are classified as operating leases. Lease payments under an operating lease are recognised as expenses on a systematic basis over the lease term. 3.11 Foreign currencies Foreign currency transactions occurring during the year are translated into Baht at the rates ruling on the transaction dates. Assets and liabilities denominated in foreign currency outstanding on the balance sheet date are translated into Baht at the rates ruling on the balance sheet date. Exchange gains and losses are included in determining earnings. 3.12 Financial instruments The Company and its subsidiaries have no policy to speculate in or engage in the trading of any financial derivative instruments. Financial instruments carried in the balance sheets include cash and cash equivalents, short-term investments, trade accounts receivable and payable and loans from financial institution.

√“¬ß“πª√–®”ªï 2548 106

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 3.13 Earnings per share Basic earnings per share is calculated by dividing net earnings for the year by the weighted average number of ordinary shares in issue during the year. Diluted earnings per share is calculated by dividing net earnings for the year by the total sum of the weighted average number of ordinary shares in issue during the year plus the weighted average number of ordinary shares to be issued for conversion of all dilutive potential ordinary shares into ordinary shares. The calculation assumes that the conversion took place either at the beginning of the year or on the date the potential ordinary shares were issued. 3.14 Use of accounting estimates Preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates of certain accounting transactions, affecting amounts reported in the financial statements and notes thereto. Subsequent actual results may differ from these estimates. 4. SHORT-TERM INVESTMENTS

As at 30 September 2005 and 2004, short-term investments were as follows :-

Deposits at financial institutions maturing within 1 year Promissory notes maturing in 1 to 12 months Investments in marketable securities (available-for-sale) presented at fair value - Open ended fund Total short-term investments

(Unit : Baht) The Company Onl Onlyy 2005 2004

Consolidated 2005 2004 17,647,567 6,984,149 702,163,136 824,066,111

17,501,635 702,163,136

1,162,240,895 719,810,703 1,993,291,155

1,162,240,895 719,664,771 1,993,146,379

6,839,373 824,066,111

107 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 5. TRADE ACCOUNTS RECEIVABLE

The outstanding balances of trade accounts receivable as at 30 September 2005 and 2004 categorised by their aging are as follows :(Unit : Baht) Consolidated The Company Only Only 2005 2005 2004 2004

Trade accounts receivable - related parties Not yet due Overdue Less than 3 months Total trade accounts receivable - related parties Trade accounts receivable - others Not yet due Overdue Less than 3 months 3 - 6 months 6 - 12 months Over 12 months Total trade accounts receivable - others Less : Allowance for doubtful accounts Total trade accounts receivable - others, net Total trade accounts receivable

136,714,036 120,872,091

81,510,535

76,665,559

160,757 136,874,793 120,872,091

258,236 81,768,771

200,651 76,866,210

148,132,085

63,798,442

36,984,992

34,618,248

37,280,755 4,547,832 2,332,305 1,018,751 26,584,351 182,116 1,897,079 214,511,612 71,262,104 (1,897,079) 214,511,612 69,365,025 351,386,405 190,237,116

1,893,850 239,743 462,632 182,116 39,763,333 39,763,333 121,532,104

4,547,832 1,018,751 1,897,079 42,081,910 (1,897,079) 40,184,831 117,051,041

√“¬ß“πª√–®”ªï 2548 108

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 6. RELATED PARTY TRANSACTIONS

During the years, the Company had significant business transactions with its subsidiaries and related companies (related by way of common shareholders and/or directors) mainly in respect of purchases and sales of goods, services and loans. Such transactions, which have been concluded on the terms and basis as determined by the Company and those companies and in the ordinary course of business, are summarised below :Consolidated For the year ended 30 September 2005 2004

Transactions with subsidiaries (Eliminated from the consolidated financial statements) Purchases of goods

The Company Only For the year ended 30 September 2005 2004

217,751

49,049

Sales of raw water Service income

26,289 238

21,778 2,423

Interest income

15,513

8,917

896,012 101,512

856,362 116,355

896,012 -

856,362 -

Transactions with related parties Major shareholders :Sales of raw water Service income

(Unit : Thousand Baht) Pricing policy (For the period 2005 only)

At market price and mutually agreed price stipulated in contract At market price Mutually agreed price stipulated in contract Interest rate stipulated in the agreement (2.5% 5.5% per annum)

At market price Mutually agreed price stipulated in contract

109 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 The outstanding balances of the above transactions as at 30 September 2005 and 2004, have been separately shown in the balance sheets, and consist of the following :(Unit : Baht) Consolidated The Company Only 2005 2005 2004 2004

Trade accounts receivable - related parties Major shareholders :Provincial Waterworks Authority Industrial Estate Authority of Thailand Subsidiaries :Universal Utilities Company Limited Chachoengsao Water Supply Company Limited Bangpakong Water Supply Company Limited Nakornsawan Water Supply Company Limited Related party :Egcom Tara Company Limited Total trade accounts receivable - related parties Receivable from water loss reduction plan Major shareholder :Provincial Waterworks Authority Short-term loans to related parties Subsidiaries :Global Water Systems Corporation Limited Eastern Hobas Pipes Company Limited Total short-term loans to related parties Long-term loans to related parties Subsidiaries :Universal Utilities Company Limited Eastern Hobas Pipes Company Limited Total long-term loans to related parties

90,299,206 42,618,531 -

66,145,893 50,713,051 -

3,957,056 4,013,147 136,874,793 120,872,091

14,011,292

36,968,349

36,415,138 42,618,531

23,715,443 50,713,051

2,705,404 17,345 12,353 -

2,127,890 182,041 96,462 31,323

81,768,771

76,866,210

130,000,000 50,000,000 180,000,000

150,000,000 10,000,000 160,000,000

230,890,000 100,000,000 330,890,000

72,890,000 72,890,000

√“¬ß“πª√–®”ªï 2548 110

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004

Consolidated 2005 2004

Trade accounts payable - related parties Major shareholder :Provincial Waterworks Authority Subsidiary :Universal Utilities Company Limited Total trade accounts payable - related parties Short-term loan from related party Other related party :Hobas Engineering GmbH Other current liabilities - related parties Subsidiaries :Eastern Hobas Pipes Company Limited Universal Utilities Company Limited Global Water Systems Corporation Limited Other related party :Hobas Engineering GmbH Total other current liabilities - related parties

1,860,000

467,958

1,860,000

467,958

48,572,703 48,572,703

10,284,120

14,250,778 14,250,778

(Unit : Baht) The Company Only 2005 2004

6,307,595 6,307,595

113,058,561 12,883,356 11,021

842,086 7,530,665 103,570

125,952,938

8,476,327

111 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 Movements of short-term loans and long-term loans to related parties during the year were as summarised below :Consolidated (In Thousand Baht) Balance as at 30 September 2004 Short-term loans to subsidiary companies Global Water Systems Corporation Limited Eastern Hobas Pipes Company Limited Long-term loans to subsidiary companies Universal Utilities Company Limited Eastern Hobas Pipes Company Limited

During the year Decrease Increase

Balance as at 30 September 2005

150,000 10,000 160,000

75,000 50,000 125,000

95,000 10,000 105,000

130,000 50,000 180,000

72,890 72,890

173,000 100,000 273,000

15,000 15,000

230,890 100,000 330,890

Since 2003, the Company loaned to Universal Utilities Company Limited for working capital in the Water Loss Reduction Project of the three water supply companies. The loan is secured by the right over cash collection according to the concession agreement of three water supply companies on the repayment of loan to the Company in the case that Universal Utilities Company Limited has defaulted in all or part of loan agreement until the Company receives debt repayment in full amount. This loan wil be repayable within 10 years except that the Company allows extending the credit term. The Company wil charge interest to subsidiary at the rate of 5.5% per annum for the first five years period and at MLR for the remaining period. During the year, the Company has extended additional loan to the said company approximately to Baht 173 mil ion as detailed above. On 1 June 2004 and 4 November 2004, the Company loaned to Global Water Systems Corporation Limited, a subsidiary company, amounting to Baht 150 million and Baht 75 million respectively as working capital for the project to produce 4,000 water vending machines. The loan is unsecured and repayable within 12 months commencing from the first drawn down according to the agreement unless extended by the Company. The Company charges interest to the subsidiary at the rate of 2.5% per annum for the period of less than 12 months commencing from the first drawn down according to the agreement and at MLR for the remaining period.

√“¬ß“πª√–®”ªï 2548 112

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 On 13 December 2004, the Company entered into an agreement for loan with Eastern Hobas Pipes Company Limited at the original amount of Baht 150 million. The Company loaned to this subsidiary as working capital and to extend its capacity. The loan is secured by Hobas Engineering GmbH in credit limit of Baht 75 million. The Company charges interest to the subsidiary at the rate of 5.5% per annum. Its repayable periods are summarized below :-

First part Second part

Amount (Million Baht) 100 50

Loan period 6 years 1 year

Repayable period count from the first drawn down Installment, every 6 months Within 1 year

In addition, repayment of principal of the first part has a grace period of one year from the first drawn down. 7. INVENTORIES

Consolidated (In Baht) 2005 2004 Finished goods Work in process Raw materials and supplies Goods in transit Total Less : Provision for diminution in value of inventories Inventories - net

104,057,178 27,437,817 18,090,564 2,540,125 152,125,684 (2,790,529) 149,335,155

65,836,588 8,795,114 14,575,099 726,390 89,933,191 (1,650,000) 88,283,191

8. RESTRICTED BANK DEPOSITS

As at 30 September 2005 the Company and its subsidiaries have pledged fixed deposit accounts with banks amounting to Baht 28.9 mil ion (the Company only : Baht 10.4 million) to secure bank guarantees obtained from local commercial banks. (2004 : the Company and its subsidiaries : Baht 46.5 million, the Company only : Baht 37.3 million.)

113 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 9. INVESTMENTS ACCOUNTED FOR UNDER EQUITY METHOD

As at 30 September 2005 and 2004, the Company has long-term investments in the ordinary shares of the following companies :-

Paid-up share capital Equity interest (Million Baht) (%)

Associated company invested by subsidiary Joint Venture UUSG

Consolidated Dividend for the Investments ended Cost method Equity method 30year September (Thousand Baht) (Thousand Baht) (Thousand Baht)

2005

2004

2005

2004

2005

2004

2005

490 490

2004 2005

698 698

2004

The Company Only Paid-up share capital Equity interest (%) (Million Baht)

Global Water Systems Corporation Limited Universal Utilities Company Limited Eastern Hobas Pipes Company Limited

Investments Cost method Equity method (Thousand Baht) (Thousand Baht)

2548

2547

2548

2547

2548

74 510 150

100 100 50

100 73,800 73,800 7,385 8,983 100 510,000 510,000 589,210 540,357 50 75,000 75,000 18,358 41,018 658,800 658,800 614,953 590,358

The subsidiaries have not announced any dividend payment during the current year.

2547 2548

2547

√“¬ß“πª√–®”ªï 2548 114

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 On 17 May 2002, Universal Utilities Company Limited, a subsidiary company, entered into a joint venture agreement with Summit Grade Limited Partnership to prepare, bid and enter into an agreement for maintenance of a wastewater treatment system with Hadyai Municipality Office. The initial investment amounted to Baht 1 million and the subsidiary company is to pay Baht 0.49 mil ion for a 49 percent share of profit. However, the subsidiary company has written off investment in the said joint venture in the current period because that joint venture has already discarded its operation and the subsidiary companyûs management believe that no further contingent liability will arise in relation to such joint venture anymore. At the Annual General Meeting of shareholders held on 28 January 2004 and the Extraordinary General Meeting of shareholders held on 31 May 2004, the shareholders of Tattara Company Limited, a subsidiary company passed a resolution approving the sale of its business to Universal Utilities Company Limited, the parent company of said subsidiary company. On 1 April 2004, Tattara Company Limited entered into an agreement to transfer its business to the parent company at a price equal to the value of its investment in Tattara Company Limited, as recorded under equity method as at transfer of business date (1 April 2004), or Baht 458.9 mil ion. In addition, at the Extraordinary General Meeting of shareholders held on 10 May 2004 and 31 May 2004, the shareholders of Tattara Company Limited approved the dissolution of the company in accordance with the policy to restructure management and rationalise the work of the group companies. Tattara Company Limited registered its dissolution with the Ministry of Commerce on 29 June 2004. 10. OTHER INVESTMENT - RELATED COMPANY

As at 30 September 2005 and 2004, the Company has long-term investment in equity securities of Egcom Tara Company Limited, which was stated at cost amounting to Baht 85,387,500, representing 15 percent of registered capital of that company. Egcom Tara Company Limited was incorporated as a limited company in Thailand to engage in the business of supplying water produced in accordance with the Thai Industrial Standard and supply it to the Provincial Waterworks Authority of Thailand for sale at Lak Muang Water Station in Ratchaburi Province, Damnoen Saduak Water Station in Ratchaburi Province and Samut Songkhram Water Station in Samut Songkhram Province. 11. LONG-TERM INVESTMENTS

As at 30 September 2005, long-term investments consist of the following :Consolidated 2005 2004 Bil of exchange Government bond Total long-term investments

57,380,081 133,344,450 190,724,531

(Unit : Baht) The Company Only 2005 2004

57,380,081 133,344,450 190,724,531

115 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 12. PROPERTY, PLANT AND EQUIPMENT Consolidated (In Baht)

Land Cost : 30 September 2004 231,231,992 Purchase/transfer in 103,029,460 Disposal/write off/ transfer out 30 September 2005 334,261,452 Accumulated depreciation : 30 September 2004 Depreciation for the year Accumulated depreciation of disposed assets/write off 30 September 2005 Net book value : 30 September 2004 231,231,992 30 September 2005 334,261,452 Depreciation included in earnings statement for the year 2004 2005

Pumping building

Land, leasehold Machinery and Office and building Building improvements equipment equipment

Construction Vehicles in progress

Total

402,475,408 210,845,830 34,774,028 3,256,620,841 144,762,626 109,852 428,938,325 4,709,758,902 4,400 3,469,012 400,516,156 17,544,798 1,301,449 1,655,265,629 2,327,971,695 146,840,798 (740,671) (4,030,866) (5,167,092) (309,222) (535,496,122) (546,493,622) (492,629) 548,823,577 210,850,230 37,502,349 3,653,106,128 157,140,328 1,102,079 1,548,707,832 6,491,493,975 34,397 105,868

655,319,256 211,467,050

(6,900) (2,574,248) (3,744,995) (10,850) (370) 62,059,107 34,384,932 17,041,644 648,228,970 98,604,875 129,415

(6,337,363) 860,448,943

44,952,180 23,895,705 13,250,976 492,104,150 81,081,848 17,107,297 10,487,227 3,797,568 158,699,068 21,268,022

357,523,228 186,950,125 21,523,052 2,764,516,691 63,680,778 486,764,470 176,465,298 20,460,705 3,004,877,158 58,535,453

75,455 428,938,325 4,054,439,646 972,664 1,548,707,823 5,631,045,032

196,836,410 211,467,050

√“¬ß“πª√–®”ªï 2548 116

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004

Land Cost : 30 September 2004 206,942,847 58,489,593 Purchase/transfer in Disposal/write off/ transfer out 30 September 2005 265,432,440 Accumulated depreciation : 30 September 2004 Depreciation for the year Accumulated depreciation of disposed assets/write off 30 September 2005 Net book value : 30 September 2004 206,942,847 30 September 2005 265,432,440 Depreciation included in earnings statement for the year 2004 2005

Pumping building

The Company only (In Baht) Land, leasehold and Machinery building and Office Building improvements equipment equipment

Construction Vehicles in progress

Total

381,739,506 139,593,140 28,734,841 2,724,765,493 123,198,020 76,752 380,596,453 3,985,647,052 1,362,290 366,525,519 12,311,708 1,301,449 1,395,997,763 1,836,724,960 736,638 (3,057,950) (2,855,906) (309,223) (367,527,903) (373,750,982) 382,476,144 139,593,140 30,097,131 3,088,233,062 132,653,822 1,068,978 1,409,066,313 5,448,621,030 5,251 101,915

559,791,431 149,225,859

(3,057,920) (2,839,000) (10,850) 51,256,233 27,680,046 14,411,308 523,028,461 86,637,156 96,316

(5,907,770) 703,109,520

39,800,965 20,700,390 11,501,561 414,990,557 72,792,707 11,455,268 6,979,656 2,909,747 111,095,824 16,683,499

341,938,541 118,892,750 17,233,280 2,309,774,936 50,405,313 331,219,911 111,931,084 15,685,823 2,565,204,601 46,016,666

71,501 380,596,453 3,425,855,621 972,662 1,409,066,313 4,745,511,510

140,837,876 149,225,859

As at 30 September 2005, the Company and its subsidiaries had certain equipment and fixtures which had been fully depreciated but were stil in use. The original cost, before deducting accumulated depreciation, of those assets amounted to approximately Baht 122.1 mil ion (the Company only : Baht 97.4 million). As at 30 September 2005, a subsidiary company has mortgaged and negatively pledged its land, building and machinery and equipment to secure long-term loans as indicated in note 15 to the financial statement. For the years ended 30 September 2005 and 2004, the Company recorded borrowing costs related to the debentures as indicated in note 17 to the financial statement, amounting to Baht 8.0 million and Baht 1.9 million, respectively, which were directly attributable to the construction of water pipeline distribution networks, as a part of construction in progress under the caption çProperty, plant and equipmenté.

117 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 13. GOODWILL

Consolidated (In Baht) 2005 2004 Balance - beginning of the year Decrease during the year Balance - end of the year, net

196,205,646 (8,437,516) 187,768,130

204,488,882 (8,283,236) 196,205,646

14. SHORT-TERM LOANS FROM FINANCIAL INSTITUTION

Consolidated (In Baht) 2005 2004 Short-term loans Total

50,000,000 50,000,000

60,000,000 60,000,000

As at 30 September 2005 and 2004, short-term loans from financial institution of a subsidiary company carries interest at the rate of 6.5% per annum and secured by promissory notes issued by that subsidiary. 15. LONG-TERM LOANS FROM FINANCIAL INSTITUTION

Consolidated (In Baht) 2548 2547 Long-term loans from financial institution Less : Current portion Long-term loans from financial institution - net of current portion

269,500,000 (32,500,000) 237,000,000

297,500,000 (28,000,000) 269,500,000

On 11 July 2002, Eastern Hobas Pipes Company Limited, a subsidiary company, entered into a credit facility agreement with a local financial institution granting loan and other credit facilities in an original amount of Baht 580 million. Amounts drawn down before 26 July 2002 carry interest at a fixed rate of 5.75% per annum for 3 years commencing from the agreement date, and thereafter at the Minimum Loan Rate (MLR) minus 0.5% per annum until maturity. Amounts drawn down after 26 July 2002 carry interest at the Minimum Loan Rate (MLR) minus 0.5% per annum. The loan is to be repaid in 12 semi-annual installments of varying amounts, commencing from 11 July 2004. The loan and other credit facilities are guaranteed by the pledge of machinery and the mortgage of land of the subsidiary company.

√“¬ß“πª√–®”ªï 2548 118

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 On 24 July 2003, the above subsidiary company entered into another agreement with the same financial institution to obtain loan and other credit facilities amounting to Baht 60 million. Amounts drawn down before 16 June 2003 carry interest at a fixed rate of 5.5% per annum for 5 years from the agreement date and thereafter at the Minimum Loan Rate (MLR) minus 0.5% per annum until maturity. The remaining facilities carry interest at the Minimum Loan Rate (MLR) minus 0.5% per annum. This loan is to be repaid in 10 semi-annual installments of varying amounts, commencing from July 2005. The loan and other credit facilities are guaranteed by the pledge of machinery of the subsidiary company. As at 30 September 2005, Eastern Hobas Pipes Company Limited has withdrawn Baht 269.5 million, which current portion is Baht 32.5 mil ion against that loan facility. 16. NOTES PAYABLE

As at 30 September 2004, the Company had bills of exchange with face values of Baht 325 million, issued to a local bank. The Company repaid such amount in full in the current year. 17. DEBENTURES

On 16 July 2004, the Company issued two series of debentures, totalling Baht 2,500 million, as follows :First series of debentures Type of debenture

Period (years) Number of units Face value (Baht per unit) Amount (Baht) Maturity date Interest rate (%) Payment date of interest

Registered, unsubordinated, unsecured with bondholder representative. 4 1,300,000 1,000 1,300,000,000 16 July 2008 4.6 16 January and 16 July of each year, commencing from 16 January 2005.

Second series of debentures Registered, unsubordinated, unsecured with bondholder representative. 7 1,200,000 1,000 1,200,000,000 16 July 2011 5.75 16 January and 16 July of each year, commencing from 16 January 2005.

The placement agreements for the debentures contain certain covenants pertaining to dividend payment, disposal or transfer of assets, maintenance of certain financial ratios in the financial statements and the percentage of shares held by the major shareholder.

119 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 18. SHARE CAPITAL

On 28 January 2004, the Annual General Meeting of the Companyûs shareholders approved the restructuring of the Companyûs capital as follows :a) To reduce the Companyûs registered capital from Baht 1,050 million (105,000,000 shares of Baht 10 each) to Baht 1,000 mil ion (100,000,000 shares of Baht 10 each) through the cancellation of 5,000,000 unissued shares ordinary shares, each with par value of Baht 10, previously reserved to accommodate the exercise of warrants, following the expiration of the warrants. The Company registered the reduction of its registered share capital with the Ministry of Commerce on 23 February 2004. b) To issue 5,000,000 non-transferable, registered warrants to the Companyûs employees, directors and advisors free of charge. c) To increase the Companyûs registered capital from Baht 1,000 million (100,000,000 shares of Baht 10 each) to Baht 1,050 mil ion (105,000,000 shares of Baht 10 each) through the issue of 5,000,000 shares with the par value of Baht 10 each, to be reserved for the exercise of the warrants. The Company registered the increase in its registered share capital with the Ministry of Commerce on 24 February 2004. Besides on 10 June 2004, the Extraordinary General Meeting of the Companyûs shareholders passed a resolution approving the following :1) The issue and offer of 20,000,000 new ordinary shares with the par value of Baht 10 each to existing shareholders of the Company on a proration basis. The Company issued and offered 20,000,000 new ordinary shares with a par value of Baht 10 each to existing shareholders of the Company listed in the share register as of 5 October 2004, in a ratio of one new ordinary share for every 5 existing ordinary shares. 2) The issue and offer of 32,000,000 new warrants free of charge to the Companyûs existing shareholders on a proration basis. 3)The issue and offer of 7,500,000 new ordinary shares with a par value of Baht 10 each, together with 2,000,000 warrants free of charge via a public offering of the shares with warrants attached. 4)Increase the Companyûs registered capital from Baht 1,050 million (105,000,000 shares of Baht 10 each) to Baht 1,665 mil ion (166,500,000 shares of Baht 10 each) via the issue of 61,500,000 shares with a par value of Baht 10 each as approved in 1), 2) and 3). The Company registered the increase in its registered share capital with the Ministry of Commerce on 25 June 2004.

√“¬ß“πª√–®”ªï 2548 120

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 The Extraordinary General Meeting of the Company's shareholders No. 1/2548 held on 11 May 2005 passed a resolution approving the restructuring of the Companyûs capital as follows :1. Approved a change in the par value of the Companyûs ordinary shares from Baht 10 to Baht 1 per share, and a change in the number, the exercise price and other relevant conditions of the warrants (EASTW-W1) offered to the shareholders and the warrants (EASTW-WA) offered to employees, directors and advisors to the Board of the Company, in line with the change in the par value of the ordinary shares, without negatively affecting the existing rights of the warrant holders. 2. Approved an amendment to Clause 4 of the Companyûs Articles of Association, in order to reflect the change in the par value of the Companyûs ordinary shares, as follows :Clause 4 registered capital Divided into Par value of shares Divided into Ordinary shares Preference shares

: : :

1,665,000,000 Baht 1,665,000,000 Shares 1 Baht

: :

1,665,000,000 Shares None

During the year 2005 the Company registered increases in its share capital totaling Baht 300 million from issues of shares and the exercise of warrants, with a premium on the issue of these shares amounting to Baht 144 million. As at 30 September 2005, issued and paid-up capital totalled Baht 1,300 million. Subsidiary At the Extraordinary General Meeting of shareholders held on 18 December 2003 and 5 January 2004, the shareholders of Nakornsawan Water Supply Company Limited, a subsidiary company, approved the decrease in the authorized share capital from Baht 80 mil ion (divided into 8,000,000 shares at Baht 10 par value) to Baht 40 million (divided into 8,000,000 shares at Baht 5 par value). The Company registered the decrease in authorized share capital with the Ministry of Commerce on 13 May 2004. 19. WARRANTS

As at 30 September 2005, the outstanding balance of unexercised warrants after the change in the par value of the ordinary shares as discussed in Note 18 was as follows :-

121 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 1. 50,000,000 warrants to be issued to the Companyûs employees, directors and advisors Exercise price Exercise ratio First exercise date Last exercise date Outstanding unexercised warrants

: : : : :

Baht 1 per share 1 ordinary share/ 1 warrant 30 December 2004 2 December 2007 25,313,000 warrants

2. 340,000,000 warrants to be issued to the Companyûs existing shareholders and via a public offering Exercise price Exercise ratio First exercise date Last exercise date Outstanding unexercised warrants

: : : : :

Baht 4 per share 1 ordinary share/ 1 warrant 30 December 2004 28 November 2007 340,000,000 warrants

20. ASSETS TRANSFERRED FROM CUSTOMERS

Assets transferred from customers represent water pipeline systems and water measured equipment transferred to the Company by customers in accordance with the water supply agreement. Assets transferred from customers are presented at the amount net of the accumulated deprecation. 21. STATUTORY RESERVE

According to Section 116 of the Public Limited Companies Act B.E. 2535, the Company is required to set aside to a statutory reserve at least 5 percent of its net earnings for the year after deducting accumulated deficit brought forward (if any), until the reserve reaches 10 percent of the registered share capital. The statutory reserve cannot be used for dividend payment. 22. DIVIDEND

On 15 June 2005, a meeting of the Board of Directors passed a resolution approving an interim dividend payment to the Company's shareholders from the earnings of the six-month period ended 31 March 2005 of Baht 0.125 per share, or a total of Baht 162 mil ion for 1,299,600,000 ordinary shares of Baht 1 each. The Company paid the dividend on 15 July 2005.

√“¬ß“πª√–®”ªï 2548 122

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 On 28 January 2005, the Annual General Meeting of the Companyûs shareholders approved the payment to its shareholders of a dividend of Baht 2.50 per share from its earnings for the year ended 30 September 2004, or a total of Baht 324.2 mil ion for 129,680,000 ordinary shares of Baht 10 each. The Company paid the dividend on 28 February 2005. On 28 January 2004, the Annual General Meeting of the Companyûs shareholders approved the payment to its shareholders of a dividend of Baht 2.00 per share from its earnings for the year ended 30 September 2003, or a total of Baht 200 mil ion for the 100,000,000 shares of Baht 10 each. 23. PRIOR YEAR ADJUSTMENT

The Company previously recorded an employee expense transaction as an expense in the year it was incurred. This does not comply with the accrual basis of accounting and in the current year an adjustment was therefore made against the balance of retained earnings brought forward to the years 2004 and 2005, and the prior yearûs financial statements, presented herein for comparative purposes, were restated retrospectively as though the accounts had been correctly recorded from the beginning, through adjustment to the statements of earnings for the year ended 30 September 2004, presented herein for comparative purposes. As a result retained earnings brought forward to the year 2004 decreased by Baht 18.9 mil ion and net earnings for the year ended 30 September 2004 decreased by Baht 4.2 mil ion (Baht 0.004 per share). 24. DIRECTORSí REMUNERATION

Directorsû remuneration represents the benefits paid to the Companyûs director in accordance with Section 90 of the Public Limited Companies Act, exclusive of salaries, bonus and related benefits payable to executive directors. During the first quarter of 2005, the Company issued 20,000,000 warrants to Companyûs directors as discussed in Note 19 to the financial statements. Such warrants can be exercised to subscribe to the ordinary shares of the Company at a price equal to the par value of Baht 1 each. 25. PROVIDENT FUND

The Company and its subsidiary companies, Universal Utilities Company Limited, Chachoengsao Water Supply Company Limited, Bangpakong Water Supply Company Limited and Eastern Hobas Pipes Company Limited, have established a provident fund in accordance with the Provident Fund Act B.E. 2530. The provident fund plan was approved by the Office of the Securities and Exchange Commission. Under the plan, the employees are required to contribute to the fund at rates of 3% to 10% of the basic salaries while the Company and subsidiary companies are required to contribute at rates of 5% to 10% of the employeesû basic salaries. This provident fund is managed by a fund manager in accordance with the terms and conditions prescribed in the Ministerial Regulation No. 2 (B.E. 2532) issued under the Provident Fund Act B.E. 2530.

123 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 During the years ended 30 September 2005 and 2004, approximately Baht 4.8 mil ion and Baht 3.9 mil ion, respectively were contributed to the employeeûs provident fund by the Company and the subsidiary company (The Company only : Baht 3.3 mil ion and Baht 3.0 mil ion, respectively). 26. NUMBER OF EMPLOYEES AND RELATED COSTS

Number of employees at the end of year (Persons) Employee costs for the year (Mil ion Baht)

Consolidated 2004 2005

The Company only 2004 2005

269 123.3

93 63.4

267 109.8

91 56.4

27. CORPORATE INCOME TAX

Corporate income tax for the years is calculated on earnings before income tax after adding back provisions and certain expenses which are disallowed for tax computation purposes. Such provisions are expended in the tax calculation when the expenditure provided for actually occurs. 28. RECONCILIATION OF DILUTED EARNINGS PER SHARE

For the year ended 30 September Weighted average number Net earnings of ordinary shares Earnings per share 2004 2004 2005 2004 2005 2005 (Baht) (Baht) (Thousand Baht) (Thousand Baht) (Thousand shares) (Thousand shares) Basic earnings per share Net earnings Effect of dilutive potential ordinary shares Diluted earnings per share Net earnings of ordinary shareholders assuming the conversion of dilutive potential ordinary shares

500,051

441,313

500,051

441,313

1,266,555 22,922

1,289,447

1,000,000

0.39

0.44

0.39

0.44

1,000,000

√“¬ß“πª√–®”ªï 2548 124

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 29. COMMITMENTS AND CONTINGENT LIABILITIES

As at 30 September 2005, the Company and the subsidiary companies had the following commitments and contingent liabilities :29.1 The Company and Universal Utilities Company Limited (a subsidiary) have had letters of guarantee totaling Baht 36.5 mil ion and Baht 249.6 mil ion, respectively issued by banks to the Provincial Electricity Authority for electricity consumption, to the Ministry of Finance for management and operation of the major water pipeline distribution system in the Eastern Seaboard area, and to the Industrial Estate of Thailand for leased land and for project bidding. 29.2 The Company and its subsidiaries have rental and service contract commitments with a period of 1 - 5 years. The future minimum charge according to the agreements until the end of the agreements in the consolidated financial statements amounted to approximately Baht 25.5 million (The Company Only : Baht 14.4 million). 29.3 The Company has a raw water purchase contract with the Royal Irrigation Department whereby it is to purchase water based on the price specified in a Ministerial Regulation. 29.4 The Company and subsidiary companies (Eastern Hobas Pipes Company Limited, Universal Utilities Company Limited and three water supply companies), have commitments of Baht 2,499 million (The Company only : Baht 2,297 mil ion) for projects under construction. 29.5 Three water supply companies have had letters of guarantee totaling Baht 10.4 million issued by banks to guarantee compliance with agreements to produce water for sale to the Provincial Waterworks Authority. 29.6 On 28 March 2003, the Company was sued as defendant in a litigation claim in connection with the purchase of assets from the Legal Execution Department. The plaintiff petitioned the Civil Court to void the sale or order the payment of compensatory damages amounting to Baht 302.2 million to the plaintiff. The case is currently being heard by the Civil Court, but the management believes that the acquisition of such assets was not illegal and is protected by law. The Company therefore expects to win the case and no provision for any liabilities that might arise as a result of the case has been made in the accounts. 30. SIGNIFICANT AGREEMENTS

The Company Only 30.1 The Company entered into an agreement with the Ministry of Finance to manage and operate the major water distribution systems in the Eastern Seaboard area, dated 26 December 1993. The contract term is 30 years, from 1 January 1994 to 31 December 2023 and the Company is required to pay a minimum of Baht 2 million per annum to the Ministry

125 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 of Finance. In any years when the Companyûs revenues from the sales of raw water exceed Baht 200 million, it is required to provide the Ministry of Finance with a sharing benefit at a rate of 1 percent of sales of raw water from the Nong Khor and Dok Krai reservoirs. In addition, when the Companyûs annual rate of return on equity exceeds 20 percent, an additional sharing benefit at the rate of 15 percent of the return in excess of the said 20 percent is to be paid to the Ministry of Finance. Nevertheless, the total sharing benefit is not to exceed 6 percent of the real value of the assets leased from the Ministry of Finance, as assessed according to the agreed time frame. The Subsidiary Companies 30.2 Chachoengsao Water Supply Company Limited entered into the concession agreement with the Provincial Waterworks Authority dated 9 November 2000. The subsidiary is privileged to produce and sell tap water to the Provincial Waterworks Authority at Chachoengsao office, Chachoengsao province. The concession period is 25 years from the date that first income is derived from selling tap water (1 April 2003). 30.3 Bangpakong Water Supply Company Limited entered into the concession agreement with the Provincial Waterworks Authority dated 9 November 2000. The subsidiary is privileged to produce and sell tap water to the Provincial Waterworks Authority at Bangpakong office, Chachoengsao province. The concession period is 25 years from the date that first income is derived from selling tap water (1 April 2003). 30.4 Nakornsawan Water Supply Company Limited entered into the concession agreement with the Provincial Waterworks Authority dated 7 November 2000. The subsidiary is privileged to produce and sell tap water to the Provincial Waterworks Authority at Nakornsawan office, Nakornsawan province. The concession period is 25 years from the date that first income is derived from selling tap water (1 March 2003). 30.5 Chachoengsao Water Supply Company Limited and Bangpakong Water Supply Company Limited entered into a know-how agreement with Australian Water Technologies PTY Limited of Australia, dated 1 December 2000, which transferred its entitlements under this agreement to AWT International (Thailand) Limited on 15 October 2002, whereby the latter agreed to permit the use of its name for reference purposes and provide the know-how to enable the said subsidiaries to perform their obligations under concession agreements for a period of 25 years from the first date of sales of tap water under the concession agreements. In consideration thereof, the subsidiary companies agree to pay fees at the rate stipulated in the agreement. 30.6 On 27 June 2002, Eastern Hobas Pipes Company Limited entered into a License and Know-How Transfer Agreement with a related company in Austria, whereby the latter grants the subsidiary the exclusive right to manufacture products in accordance with know-how and patents rights as well as the non-exclusive right to market and sell the products within the territory specified in the agreement. In consideration thereof, the subsidiary is committed to pay a royalty fee at a certain percentage based on the net sales value of the products manufactured, by the subsidiaryís plant, based on the ex-works price as invoiced to customers, as specified in the agreement. The term of the agreement is 10 years and it is renewable for another term of 5 years.

√“¬ß“πª√–®”ªï 2548 126

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 31. FINANCIAL INFORMATION BY SEGMENT

The Company and subsidiary companies sell water and manage water distribution networks in the Eastern Seaboard areas of Thailand, operate waste water treatment plants and related businesses, produce and sell water pipeline distribution equipment, sell drinking water through water vending machines, and provide production and installation services. However, the Company and subsidiary companiesû management consider the principal activity of the Company and subsidiary companies to be distribution of raw water and therefore the segment information is based on geographical segment of the water distribution networks. The segment information for the years ended 30 September 2005 and 2004 is summarised as follows :31.1 Sales volume of raw water and tap water classified by water distribution networks

(Unit : Mil ion Litres) The Company Only 2005 2004

a) Sales volume of raw water

Nong Pla Lai - Map Ta Pud Network Dok Krai - Map Ta Pud Network Nong Khor - Laem Chabang Network Nong Pla Lai - Nong Khor Network Chachoengsao Network Total

45,757 64,049 55,343 15,217 9,734 190,100

b) Sales volume of tap

Chachoengsao waterwork Bangpakong waterowrk Nakornsawan waterwork Sattahip waterwork Koh Seechang waterwork Koh Samui waterwork Total

Consolidated 2005 2004 7,112 8,523 5,482 6,868 1,982 1,603 4,303 2,885 37 272 17,082 21,985

59,397 44,487 55,803 11,219 6,739 177,645

(Unit : Mil ion Litres) The Company Only 2005 2004 2,885 4,303 37 272 2,885 4,612

127 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 31.2 Sales, cost of sales and gross profit of raw water, and property, plant and equipment, classified by water distribution network are as follows :-

Nong Pla Lai Map Ta Pud Network

In Thousand Baht The Company Only for the year ended 30 September 2005 Nong Khor - Nong Pla Lai Dok Krai Map Ta Pud Laem Chabang Nong Khor Network Network Network

Chachoengsao Network

Sales of raw water Cost of sales Gross profit (loss)

366,057 (118,109) 247,948

496,862 (118,863) 377,999

301,529 (138,078) 163,451

102,625 (43,587) 59,037

76,984 (92,627) (15,643)

Property, plant and equipment - net

1,022,444

128,537

67,350

153,297

2,996,523

Total 1,344,057 (511,264) 832,793

In Thousand Baht The Company Only for the year ended 30 September 2004 Nong Pla Lai Map Ta Pud Network

Dok Krai Map Ta Pud Network

Nong Khor - Nong Pla Lai Laem Chabang Nong Khor Network Network

Chachoengsao Network

Sales of raw water Cost of sales Gross profit (loss)

475,177 (121,369) 353,808

346,710 (93,181) 253,529

309,620 (142,792) 166,828

76,300 (33,529) 42,771

49,133 (73,413) (24,280)

Property, plant and equipment - net

785,673

122,449

46,906

41,373

1,827,406

Total 1,256,940 (464,284) 792,656

Sales of Nong Khor - Laem Chabang Network are as follows :-

(Unit : Thousand Baht) The Company Only 2005 2004 Nong Khor - Laem Chabang Network 1 Nong Khor - Laem Chabang Network 2 Total

229,178 72,351 301,529

249,542 60,078 309,620

√“¬ß“πª√–®”ªï 2548 128

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 31.3 Sales, cost of sales and gross profit of tap water classified by district are as follows :In Thousand Baht Consolidated For the year ended 30 September 2005 Chachoengsao Bangpakong Nakornsawan Sattahip Koh Seechang Koh Samui waterwork waterwork waterwork waterwork waterwork waterwork Sales of tap water Cost of sales Gross profit

77,402 (32,152) 45,250

58,355 (24,349) 34,006

17,982 (16,524) 1,458

48,230 (47,780) 450

2,475 (2,450) 25

16,152 220,596 (15,991) (139,246) 161 81,350

In Thousand Baht Consolidated For the year ended 30 September 2004 Chachoengsao Bangpakong Nakornsawan Sattahip Koh Seechang Koh Samui waterwork waterwork waterwork waterwork waterwork waterwork Sales of tap water Cost of sales Gross profit

66,765 (28,773) 37,992

45,190 (21,558) 23,632

13,242 (7,676) 5,566

33,654 (33,319) 335

Total

Total 158,851 (91,326) 67,525

31.4 Sales of raw water by type of customer

(Unit : Percentage) The Company Only For the year ended 30 September 2004 2005 Industrial Estate Waterworks Authority Factories Total

61 26 13 100

62 25 13 100

129 √“¬ß“πª√–®”ªï 2548

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 32. FINANCIAL INSTRUMENTS

A financial instrument is any contract that gives rise to both a financial liability or equity instrument of another entity. The Company and its subsidiary companies have no policy to speculate in or engage in the trading of any derivative financial instruments. 32.1 Interest rate risk Interest rate risk arises from fluctuations in market interest rates, which may affect the current and future operating results of the Company and the subsidiaries. The management believes that the Company and the subsidiaries have minimal exposure to interest rate risk because interest on loans is charged at market rates or fixed rates which are close to market rates. The Company and subsidiaries have therefore not executed any agreements to hedge such risk. 32.2 Foreign currency risk The subsidiary operates both locally and internationally, giving rise to an exposure to changes in foreign exchange rates. Management therefore consider the use of forward exchange contracts to hedge such exchange risk from time to time, as appropriate. As at 30 September 2005, the subsidiary has entered into forward exchange contract with bank in order to hedge the exchange risk associated with payments to overseas creditor within one year amounting to EURO 656,528 at Baht 50.8465 per EURO. As at 30 September 2005, the subsidiaryûs foreign currency-denominated assets and liabilities which were not hedged by derivative financial instruments were as follow :-

Foreign currency EURO USD GBP

Assets -

Liabilities 230,402 150,178 1,157

Exchange rate as at 30 September 2005 (Baht per unit of foreign currency) 49.6372 41.1075 72.5393

√“¬ß“πª√–®”ªï 2548 130

EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS (Continued) September 30, 2005 and 2004 32.3 Fair value Since the majority of financial assets and liabilities are subject to interest at rates which approximate market interest rates, the management believes that the fair values of financial assets and liabilities do not materially differ from their carrying values. 33. PRESENTATION The presentation of the financial statements has been made in compliance with the Notification of the Department of Business Development dated 14 September 2001 as empowered under the Accounting Act B.E. 2543 Certain amounts in the financial statements for the year ended 30 September 2004 have been reclassified to conform to the current yearís classification, with no effect on previously reported net earnings and shareholdersí equity. 34. APPROVAL OF FINANCIAL STATEMENTS These financial statements have been approved for issue by the Companyûs Board of Directors on 28 November 2005.

Certified Public Accounting Fee In the 2005 fiscal year, the shareholdersû meeting on January 28, 2005, resolved to appoint Mrs. Saifon Inkaew, registration No. 4434, or Miss Rattana Jala, registration No. 3734, or Mr. Narong Puntawong, registration No. 3315, of Ernst & Young Co., Ltd., the certified accountant for the Company and its subsidiaries with the remuneration of 1,555,000 baht in total (the accounting fee for the Company was 655,000 baht).

131 √“¬ß“πª√–®”ªï 2548

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∫√‘…—∑ »Ÿπ¬åΩ“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ ‡≈¢∑’Ë 62 Õ“§“√µ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ™—Èπ 4 ·≈–™—Èπ 6 - 7 ∂ππ√—™¥“¿‘‡…° ·¢«ß§≈Õß‡µ¬ °√ÿß‡∑æœ 10110 ‚∑√»—æ∑å (662) 229-2800, 654-5599 ‚∑√ “√ (662) 359-1262-3

√“¬ß“πª√–®”ªï 2548 134

General Information Eastern Water Resources Development and Management Public Company Limited Head Officeûs Address 9/9 Vipavadee Rangsit Road, Talad Bangkhen, Laksi, Bangkok 10210 Tel. (662) 940-9731-2, 940-9974-6 Fax (662) 561-3793, 940-7520 Core Business Develop and manage water resources through raw water pipeline distribution to customers, provide consultancy services on clean water production and pipeline distribution system in industrial estates or factories, repair and supply all kinds of equipment and materials related to water distribution, provide consultancy services on the maintenance of pipelines, equipment and machinery, and participate in joint-venture projects with private sector Number of Employees As of 30th September 2005, the company had 93 employees in total. This consisted of 49 head officeûs staff, 33 Map Ta Pud officeûs staff and 11 Chachoengsao officeûs staff. Date of Listing in the Stock Exchange of Thailand June-July 1997 with an initial offering in the Stock Exchange of Thailand on 28th July 1997 Type and Volume of Shared Offered 166,500,000 ordinary shares with a par value of 10 baht/share Registered and Paid-up Capital 1,665-mil ion baht registered capital consisting of 166.5 mil ion ordinary shares with a par value of 10 baht/share, 1,299 million baht of which is paid-up capital

Subsidiaries Global Water Systems Corporation Limited Officeûs Address 92/6 Moo 3, Chaengwattana Rd., Talad Bangkhen, Laksi, Bangkok 10210 Company Registration No. (6) 182/2540 dated 25th December 1997 Tel. (662) 551-4384, 973-6391 Fax (662) 973-6395, 973-4653 Core Business Produce and supply water from water-vending machine and provide repairing and maintenance services Number of Employees As of 30th September 2005, the company had 15 employees in total. Type and Volume of Shared Offered 740,000 ordinary shares with a par value of 100 baht/share Registered and Paid-up Capital 74-million baht registered capital all of which is paid-up Universal Utilities Company Limited Officeûs Address 9/9 Vipavadee Rangsit Road, Talad Bangkhen, Laksi, Bangkok 10210 Company Registration No. (6) 664/2541 dated 15th December 1998 Tel. (662) 940-9041-2 Fax (662) 940-9043 Core Business Manage waterworks business and wastewater treatment system in the form of concession, hiring contract or leasing contract, provide engineering services related to core business with the mission to be a leader of Thai-owned waterworks business in terms of production capacity, quality of services focusing on personnel expertise and technological development that enhances the organizationûs efficiency and international competitiveness under the principle of clean and environment-friendly technological development

135 √“¬ß“πª√–®”ªï 2548

Number of Employees

As of 30th September 2005, the company had 66 employees in total. This consisted of 19 head officeûs staff and 47 staff in operational areas. Type and Volume of Shared Offered 51,000,000 ordinary shares at a par value of 10 baht/share Registered and Paid-up Capital 510-million baht registered capital all of which is paid up Nakornsawan Water Supply Co., Ltd. Officeûs Address 53/2 Moo 2, Nakhonsawan-Bankaeng Road, Watsai, Muang, Nakhonsawan 60000 Company Registration No. (2) 2384/2543 Tel./Fax (056) 355-789 Core Business Waterworks management including tap water production and supply to Nakornsawan Waterworks and water users services such as meter reading, engineering services like pipeline maintenance Number of Employees Included in Universal Utilitiesû employee number Type and Volume of Shared Offered 8,000,000 shares with a par value of 5 baht/share Registered and Paid-up Capital 40-million baht registered capital all of which is paid up Chachoengsao Water Supply Co., Ltd. Officeûs Address 41/7 Jullanan Road, Na Muang, Muang, Chachoengsao 24000 Company Registration No. (2) 1383/2543 Tel./Fax (038) 814-428-9 Core Business Waterworks management including tap water production and supply to Chachoengsao Waterworks and water users services such as meter reading, engneering services like pipeline maintenance Number of Employees As of 30th September 2005, the company had 18 employees in total. Type and Volume of Shared Offered 10,000,000 ordinary shares with a par value of 10 baht/share Registered and Paid-up Capital 100-million baht registered capital all of which is paid up Bangpakong Water Supply Co., Ltd. Officeûs Address 2nd Floor, Food Lion Tower, 187/1 Moo 1, Bangna-Trad Rd., Km. 42, Bangwua, Bangpakong, Chachoengsao 24180 Company Registration No. (2) 1385/2543 Tel./Fax (038) 840-786 Core Business Waterworks management including tap water production and supply to Bangpakong Waterworks and water users services such as meter reading, engineering services like pipeline maintenance Number of Employees As of 30th September 2005, the company had 19 employees in total. Type and Volume of Shared Offered 4,000,000 ordinary shares with a par value of 10 baht/share Registered and Paid-up Capital 40-million baht registered capital all of which is paid up

√“¬ß“πª√–®”ªï 2548 136

Eastern Hobas Pipes Co., Ltd. Officeûs Address Company Registration Tel. Fax Core Business

9/9 Vipavadee Rangsit Road, Talad Bangkhen, Laksi, Bangkok 10210 No. 10254500592 dated 18th June 2002 (662) 940-8351, 940-8358 (662) 940-8744 Produce and supply CC-GRP pipes for raw water, tap water and wastewater businesses Number of Employees As of 30th September 2005, the company had 56 employees in total. This consisted of 17 head officeûs staff and 39 plant office staff Type and Volume of Shared Offered 15,000,000 ordinary shares with a par value of 10 baht/share Registered and Paid-up Capital 150-million baht registered capital all of which is paid up Other Company Egcom Tara Company Limited Officeûs Address Company Registration Tel. Fax Core Business Registered and Paid-up Capital Auditor Mrs. Saifon Inkaew Ernst & Young Office Limited Officeûs Adress Tel. Fax

EGCO Tower, 222 Moo 5, Vibhavadi Rangsit Rd., Tungsonghong, Laksi, Bangkok 10210 No. (6) 229/2542 (662) 998-5000, 998-5999 (662) 955-0945 Produce and supply tap water 345-million baht registered capital consisting of 34.5-million ordinary shares with a par value of 10 baht/share all of which is paid up

CPA Registration No. 4434 33rd Floor, Lake Rajada Office Complex, 193/136-137 Rajadapisek Rd., Klongtoey, Bangkok 10110 (PO Box 1047, Bangkok 10501) (662) 264-0777, 661-9190 (662) 264-0789-90, (662) 661-9192

Other Reference Thailand Securities Depository Co., Ltd. Officeûs Address 4th and 6th-7th Floor, 62 Stock Exchange of Thailand Building, Ratchadapisek Rd., Klongtoey, Bangkok 10110 Tel. (662) 229-2800, 654-5599 Fax (662) 359-1262-3

137 √“¬ß“πª√–®”ªï 2548

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≥ 18 æƒ»®‘°“¬π 2548 ®”π«πÀÿâπ % 528,000,000 40.63% 245,876,210 18.92% 60,000,000 4.62% 48,000,000 3.69% 30,579,800 2.35% 29,640,000 2.28% 24,923,200 1.92% 23,110,800 1.78% 15,316,800 1.18% 15,224,770 1.17% 1,020,671,580 78.53%

À¡“¬‡Àµÿ : ºŸâ≈ß∑ÿπ “¡“√∂¥Ÿ¢âÕ¡Ÿ≈ºŸâ∂◊ÕÀÿâπ∑’Ë‡ªìπªí®®ÿ∫—π‰¥â®“° Website ¢Õß∫√‘…—∑œ °àÕπ°“√ª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπª√–®”ªï

Ten Major Shareholders

No. 1 2 3 4 5 6 7 8 9 10

Shareholders The Provincial Waterworks Authority (PWA) Electricity Generating Public Company Limited The Industrial Estate Authority of Thailand (IEAT) State Street Bank and Trust Company, For London Thai NVDR Co.Ltd. Aberdeen Growth Fund Thai Banks Mutual Fund Government Pension Fund American International Assurance Company Limited - AIA Hemaraj Land and Development Public Company Limited Total

As of November 18, 2005 No. of Shares % 528,000,000 40.63% 245,876,210 18.92% 60,000,000 4.62% 48,000,000 3.69% 30,579,800 2.35% 29,640,000 2.28% 24,923,200 1.92% 23,110,800 1.78% 15,316,800 1.18% 15,224,770 1.17% 1,020,671,580 78.53%

Remark : Investors can find current shareholdersû information before the annual shareholderûs meeting at the Companyûs website

√“¬ß“πª√–®”ªï 2548 138

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In 2005, East Water continually implemented various projects under its quality of life and environmental development policy, focusing on improving the quality of life of people in communities. The company provided education and various skil development opportunities for young people, campaigning for water and environmental conservation for communities both within and outside its service areas. Support for researches and development projects for public and private organizations were also in focus. The company provided more than 13 million baht financial support for key activities implemented in 2005, as follows: çWater for Lifeé Project continued to ensure sufficient clean water supply in communities. Under the Rain Water Storage program, 46 containers were built for communities within and outside the companyûs service area. So far, the company has built altogether 153 units of 11.3-cubic-meter rain water storage containers for communities. More than 30,000 households have reaped the benefits of the program. Community Water Supply program included the construction of steel-buoy raft together with water control and pumping systems for community in Tambon La Han in Pluak Daeng, Rayong province, to channel raw water from Nong Pla Lai Reservoir into the community water distribution system. The program aimed to alleviate problems caused by drought, providing approximately 1,500 families with sufficient water supply. Furthermore, the company worked closely with and provided finance support to the Bureau of Royal Rainmaking and Agricultural Aviation on rain making activities to reduce severe effects from long-term drought in the Eastern region. The company also provided Drinking Water Truck service to over 160 communities.

139 √“¬ß“πª√–®”ªï 2548

Environment and Quality of Life Development Projects in 2005 ‚§√ß°“√√—°…åπÈ”√—°…å ß‘Ë ·«¥≈âÕ¡ ‡æ◊ÕË √≥√ß§å ßà ‡ √‘¡Õπÿ√°— …å

Water and Environmental Conservation Project

∑√—æ¬“°√πÈ”·≈–√—°…“ ‘ßË ·«¥≈âÕ¡ ‰¥â·°à ‚§√ß°“√§à“¬‡¬“«™πÕπÿ√°— …å πÈ”·≈– ‘Ëß·«¥≈âÕ¡ ‚¥¬¡’‡¬“«™π‡¢â“√à«¡‚§√ß°“√®“° 60 ‚√ß‡√’¬π „π‡¢µæ◊Èπ∑’Ë®—ßÀ«—¥√–¬Õß ™≈∫ÿ√’ ·≈–©–‡™‘ß‡∑√“ √«¡∑—ßÈ ‘πÈ 300 §π ‡æ◊ÕË „Àâ‡¬“«™π¡’ ‚Õ°“ Ωñ°Ωπ°√–∫«π°“√§‘¥«‘‡§√“–Àå ¿“æªí≠À“ ‘Ëß ·«¥≈âÕ¡„π™ÿ¡™π √«¡∑—ßÈ °√–µÿπâ „Àâ‡¬“«™π π„®„π°“√¥Ÿ·≈√—°…“ ‘ßË ·«¥≈âÕ¡„π‚√ß‡√’¬π·≈–™ÿ¡™π¢Õßµπ‡Õß, ‚§√ß°“√§à“¬π—°»÷°…“ Ωñ°ß“π¿“§ƒ¥Ÿ√Õâ π ‡æ◊ÕË „Àâπ°— »÷°…“√–¥—∫¡À“«‘∑¬“≈—¬‰¥â√∫— §«“¡√Ÿ·â ≈– ∑—°…–®“°°“√ªØ‘∫—µ‘ß“π®√‘ß „™â‡«≈“«à“ß„π™à«ßªî¥¿“§°“√»÷°…“„Àâ ‡ªìπª√–‚¬™πåµ≈Õ¥®πª≈Ÿ°®‘µ ”π÷°„π°“√Õπÿ√°— …å∑√—æ¬“°√πÈ”·≈– ‘ßË ·«¥≈âÕ¡ √«¡∑—ßÈ √Ÿ®â °— °“√∫”‡æÁ≠ “∏“√≥ª√–‚¬™πå·°à ß— §¡ πÕ°®“° π’È ‰¥â√«à ¡°—∫ ”π—°ß“π‡°…µ√®—ßÀ«—¥√–¬Õß®—¥‚§√ß°“√Õ∫√¡‡°…µ√°√ ‡æ◊ÕË àß‡ √‘¡·≈–æ—≤π“‡°…µ√Õ‘π∑√’¬ªå ≈Õ¥¿—¬®“° “√æ‘…‡æ◊ÕË §ÿ≥¿“æ ™’«‘µ·≈– ‘Ëß·«¥≈âÕ¡ √«¡∂÷ß π—∫ πÿπ‚§√ß°“√ª≈Ÿ°ªÉ“‡æ◊ËÕ√—°…“ µâππÈ” ·≈–°“√®—¥∑—»π»÷°…“¥Ÿß“π√–∫∫∫√‘À“√®—¥°“√πÈ”¢Õß∫√‘…∑— œ ”À√— ∫ Àπà « ¬ß“π/ ∂“∫— π °“√»÷ ° …“ ∑—È ß ¿“§√— ∞ ·≈–‡Õ°™π ‚§√ß°“√ à « π√à « ¡ — ß §¡ ‡æ◊Ë Õ π— ∫ πÿ π °‘ ® °√√¡∑“ß — ß §¡‡æ◊Ë Õ “∏“√≥ª√–‚¬™πå Õ“∑‘ °“√∫√‘®“§ ¡∑∫°Õß∑ÿπ‡ß‘π™à«¬‡À≈◊ÕºŸªâ √– ∫ “∏“√≥¿—¬ ”π—°π“¬°√—∞¡πµ√’ °√≥’∏√≥’æ∫‘ µ— ¿‘ ¬— Tsunami „π®—ßÀ«—¥ ¿“§„µâ¢Õßª√–‡∑»‰∑¬, π—∫ πÿπß∫ª√–¡“≥µ‘¥µ—ßÈ ‡§√◊ÕË ß§Õ¡æ‘«‡µÕ√å µ“¡‚§√ß°“√»Ÿπ¬å∫√‘°“√¢âÕ¡Ÿ≈Õ”‡¿ÕÕ—®©√‘¬–¢Õß°√¡°“√ª°§√Õß ‚¥¬ ‚§√ß°“√π”√àÕß‡√‘Ë¡¥”‡π‘π°“√„πÕ”‡¿Õ/°‘ËßÕ”‡¿Õπ”√àÕß∑—Ë«ª√–‡∑» ®”π«π 35 ·Ààß, √«¡∂÷ß°“√ π—∫ πÿπ°‘®°√√¡«‘®—¬µàÕ‡π◊ËÕß¢Õß°Õß ∑ÿ π «‘ ®— ¬ ·≈–æ— ≤ π“æ‘ æ‘ ∏ ¿— ≥ ±å ∑â Õ ß∂‘Ë π „πª√–‡∑»‰∑¬¢Õß»Ÿ π ¬å ¡“πÿ…¬«‘∑¬“ ‘√‘π∏√, ·≈–°“√ π—∫ πÿπ∑ÿπ°“√»÷°…“µ“¡‚§√ß°“√ "∫—≥±‘µ§◊π∂‘πË " ¡Ÿ≈π‘∏ ‘ ¡‡¥Á®æ√–‡∑æ√—µπ√“™ ÿ¥“ (‚§√ß°“√µàÕ‡π◊ÕË ß) ‡æ◊ËÕ„Àâ§«“¡™à«¬‡À≈◊Õ∑“ß¥â“π°“√»÷°…“‡æ◊ËÕ™à«¬‡À≈◊Õ‡¬“«™π∑’Ë ¢“¥·§≈π∑ÿπ∑√—æ¬å ‡ªìπµâπ

continued to campaign for water resource and environmental conservation. The Water and Environmental Youth Camp was participated by more than 300 students from 60 schools in Rayong, Chon Buri and Chachoengsao provinces. The young participants had great opportunities to practice and develop analytical thinking skills in relations to community environmental issues. At the same time, they were encouraged to take action in protecting the environment in their own schools and communities. The Student Summer Training Camp offered opportunities to university students to learn and take part in environmental conservation while spending their time during summer break in a useful and meaningful way, through social contribution. Moreover, the company, in cooperation with Rayong Provincial Agriculture Office, arranged an Organic

Agricultural Product Training Program for better quality of life and environment, for farmers in Rayong province. This also included reforestation activities to protect the origin of water resources, and educational visits to the companyûs water management system for public and private organizations as well as educational institutions.

Social Contribution Project was another priority. East Water initiated various social contribution projects including donating money to the Disaster Victims Assistance Fund under the Office of the Prime Minister, helping the Tsunami affected people in southern Thailand. The company provided financial

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‚§√ß°“√™ÿ¡™π —¡æ—π∏å ‡æ◊ÕË π—∫ πÿπ°“√®—¥°‘®°√√¡√à«¡°—∫ support for computer hardware supply under the

Àπà«¬ß“π¿“§√—∞/‡Õ°™π ™ÿ¡™π ·≈–ª√–™“™π„πæ◊πÈ ∑’ªË Ø‘∫µ— °‘ “√¢Õß ∫√‘…∑— œ Õ“∑‘ °“√®—¥°“√·¢àß¢—π«‘ßË ¡‘π¡‘ “√“∏Õπ√à«¡°—∫®—ßÀ«—¥©–‡™‘ß‡∑√“ ‡æ◊ËÕ√≥√ß§å àß‡ √‘¡„Àâ™ÿ¡™π·≈–‡¬“«™πÀ—π¡“„Àâ§«“¡ ”§—≠„π°“√ ¥Ÿ·≈√—°…“ ÿ¢¿“æ ·≈–„Àâ‡¬“«™πÀà“ß‰°≈¬“‡ æµ‘¥ πÕ°®“°π’È π—∫ πÿπ°‘®°√√¡‚§√ß°“√ª≈Ÿ°ªÉ“‡π◊ËÕß„π«—π‡©≈‘¡æ√–™π¡æ√√…“ ‚§√ß°“√ √â“ß‚ªÉßª≈Ÿ°ªÉ“‡æ◊ÕË √—°…“æ◊πÈ ∑’µË πâ πÈ” √«¡∂÷ß π—∫ πÿπ‚§√ß°“√ ·°â‰¢ªí≠À“¿—¬·≈âß‡√àß¥à«π„π¿“§µ–«—πÕÕ°

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Intelligent Information Service Center project initiated by the Department of Provincial Administration, which pilot programs has been implemented in 35 districts nationwide. Moreover, the company supported on-going research projects by the Local Museum Research and Development Fund of the Princess Maha Chakri Sirindhorn Anthropology Center; and provided scholarships to support the Home-returning

Pandit Project under the HRH Princess Maha Chakri Sirindhorn Foundation aiming at helping out financially troubled youth. Community Relations Projects were organized in cooperation with public and private organizations, communities and people living in the companyûs service areas. Some of the projects are the mini marathon, which was held in cooperation with the Chachoengsao Provincial Administration to encourage young people to pay attention to health caring, which helped keeping them away from drugs. Other activities under the Community Relations Projects were

reforestation programs to commemorate Their Majesties the King and Queenûs birthdays, reforestation to protect water resources, and supports for severe drought solving measures in the eastern region.