S&P : Annual Report 2005 by Shareinvestor (Thailand)

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¢âÕ¡Ÿ≈ ”§—≠∑“ß°“√‡ß‘π “√®“°ª√–∏“π°√√¡°“√ ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘® › ª√–«—μ‘§«“¡‡ªìπ¡“·≈–°“√‡ª≈’Ë¬π·ª≈ß∑’Ë ”§—≠ › ¿“æ√«¡°“√ª√–°Õ∫∏ÿ√°‘®¢Õß∫√‘…—∑·≈–∫√‘…—∑„π‡§√◊Õ › ‚§√ß √â“ß√“¬‰¥â › º≈‘μ¿—≥±å·≈–°“√∫√‘°“√ › °“√μ≈“¥ › °“√®—¥À“º≈‘μ¿—≥±å¢Õß∫√‘…—∑·≈–∫√‘…—∑„π‡§√◊Õ › ¿“«–Õÿμ “À°√√¡·≈–°“√·¢àß¢—π › °“√«‘®—¬·≈–æ—≤π“ ‚§√ß°“√„πÕπ“§μ ªí®®—¬§«“¡‡ ’Ë¬ß ‚§√ß √â“ß°“√∂◊ÕÀÿâπ › °≈ÿà¡ºŸâ∂◊ÕÀÿâπ√“¬„À≠à 10 √“¬·√° › π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈ °“√®—¥°“√·≈–°“√°”°—∫¥Ÿ·≈°‘®°“√ › ‚§√ß √â“ß°“√®—¥°“√ §≥–°√√¡°“√∫√‘…—∑ §≥–°√√¡°“√μ√«® Õ∫ §≥–°√√¡°“√∫√‘À“√ §≥–ºŸâ∫√‘À“√ › °“√ √√À“°√√¡°“√·≈–ºŸâ∫√‘À“√ › §à“μÕ∫·∑πºŸâ∫√‘À“√ §à“μÕ∫·∑π∑’Ë‡ªìπμ—«‡ß‘π §à“μÕ∫·∑πÕ◊πË Ê › °“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ 15 ¢âÕ › °“√„™â¢âÕ¡Ÿ≈¿“¬„π › °“√§«∫§ÿ¡¿“¬„π › ∫ÿ§≈“°√ √“¬°“√√–À«à“ß°—π °“√«‘‡§√“–Àåº≈°“√¥”‡π‘πß“π·≈–∞“π–°“√‡ß‘π √“¬ß“π§≥–°√√¡°“√μ√«® Õ∫ √“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ß∫°“√‡ß‘π ¢âÕ¡Ÿ≈∑—Ë«‰ª¢Õß∫√‘…—∑·≈–∫ÿ§§≈Õâ“ßÕ‘ß

10 12 14 14 15 19 21 28 30 30 31 32 33 34 35 35 36 36 36 36 36 37 45 46 46 46 47 52 53 54 55 57 60 62 63 104

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

¢âÕ¡Ÿ≈ ”§—≠∑“ß°“√‡ß‘π º≈ª√–°Õ∫°“√ (Àπà«¬: æ—π∫“∑) √“¬‰¥â®“°°“√¢“¬·≈–∫√‘°“√ √“¬‰¥âÕ◊Ëπ √“¬‰¥â√«¡ °”‰√¢—Èπμâπ °”‰√ (¢“¥∑ÿπ) ÿ∑∏‘ ∞“π–∑“ß°“√‡ß‘π (Àπà«¬: æ—π∫“∑) ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‘π∑√—æ¬å√«¡ Àπ’È ‘π√«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ ∑ÿπ∑’‡Ë √’¬°™”√–·≈â« °√–· ‡ß‘π ¥ ÿ∑∏‘®“°°“√¥”‡π‘πß“π Õ—μ√“ à«π∑“ß°“√‡ß‘π (Àπà«¬: √âÕ¬≈–) Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬å√«¡ Õ—μ√“º≈μÕ∫·∑πμàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ Õ—μ√“°”‰√ ÿ∑∏‘μàÕ√“¬‰¥â√«¡ Àπ’È ‘πμàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ Õ—μ√“°“√‡μ‘∫‚μ (Àπà«¬: √âÕ¬≈–) Õ—μ√“°“√‡μ‘∫‚μ¢Õß√“¬‰¥â√«¡ Õ—μ√“°“√‡μ‘∫‚μ¢Õß°”‰√ ÿ∑∏‘ Õ—μ√“°“√‡μ‘∫‚μ¢Õß ‘π∑√—æ¬å√«¡ Õ—μ√“ à«π¡Ÿ≈§à“μàÕÀÿâπ (Àπà«¬: ∫“∑/Àÿâπ) ¡Ÿ≈§à“μ“¡∫—≠™’μàÕÀÿâπ °”‰√ ÿ∑∏‘μàÕÀÿâπ ‡ß‘πªíπº≈μàÕÀÿâπ ∑ÿπ‡√◊ÕπÀÿâπ (Àπà«¬: æ—πÀÿâπ) ®”π«πÀÿâπ “¡—≠®¥∑–‡∫’¬π ®”π«πÀÿâπ “¡—≠™”√–·≈â« ®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬

2548

2547

2546

2545

2544

3,361,307 53,805 3,415,112 1,428,276 203,601

2,994,692 49,113 3,043,805 1,256,982 183,227

2,550,397 41,461 2,591,859 1,064,531 176,164

2,324,735 33,367 2,362,840 977,999 202,994

2,142,303 41,065 2,186,408 921,903 171,928

777,585 2,084,535 511,853 1,572,682 434,769 414,370

586,254 1,748,889 444,396 1,304,493 374,271 326,379

567,085 1,599,823 373,348 1,226,475 358,885 348,671

521,284 1,498,712 352,969 1,145,743 350,000 318,955

465,158 1,315,684 480,974 834,710 300,000 272,428

9.77 12.95 5.97 0.3:1

10.48 14.05 6.02 0.3:1

11.01 14.37 6.80 0.3:1

13.54 17.72 8.59 0.3:1

13.07 20.60 7.85 0.6:1

12.20 11.12 19.19

17.44 4.01 9.32

9.69 (13.20) 6.74

8.07 18.07 13.91

12.07 11.92 14.63

(Par 5.- ∫“∑) (Par 5.- ∫“∑) (Par 5.- ∫“∑) (Par 5.- ∫“∑) (Par 5.- ∫“∑) 18.09 17.43 17.09 16.37 13.91 2.68 2.53 2.50 3.03 2.87 › 2.00 1.90 1.90 1.80 (Par 5.- ∫“∑) (Par 5.- ∫“∑) (Par 5.- ∫“∑) (Par 5.- ∫“∑) (Par 5.- ∫“∑) 105,000 105,000 105,000 105,000 105,000 86,954 74,854 71,777 70,000 60,000 75,941 72,304 70,413 66,959 60,000

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

“√®“°ª√–∏“π°√√¡°“√ ªï 2548 ‡ªìπÕ’°ªïÀπ÷Ëß∑’Ë∫√‘…—∑œ ª√– ∫§«“¡ ”‡√Á®®“°º≈°“√¥”‡π‘πß“π∑’Ë¡’Õ—μ√“°“√‡®√‘≠‡μ‘∫‚μ‡æ‘Ë¡¢÷Èπ ¥â«¬°“√¢¬“¬∏ÿ√°‘®√â“πÕ“À“√·≈–‡∫‡°Õ√’™Ë ÕÁ æ √«¡ 36 ®ÿ¥ ¢¬“¬μ≈“¥¿“¬„πª√–‡∑» ”À√—∫ ‘π§â“‡∫‡°Õ√’Ë Õ“À“√ ·™à·¢Áß ·≈–‰ â°√Õ° ‡¢â“ Ÿà™àÕß∑“ß°“√®”Àπà“¬„À¡àÊ ‡™àπ ´Ÿ‡ªÕ√å ‚μ√å ·≈–√â“π –¥«°´◊ÈÕ μ≈Õ¥®π¢¬“¬μ≈“¥ μà“ßª√–‡∑» ‚¥¬°“√ àßÕÕ° ‘π§â“‡∫‡°Õ√’Ë·≈–Õ“À“√·™à·¢Áß‰ª®”Àπà“¬¬—ßª√–‡∑»≠’ËªÿÉπ «‘μ‡´Õ√å·≈π¥å Ω√—Ëß‡» À√—∞Õ‡¡√‘°“ ·§π“¥“ ÕÕ ‡μ√‡≈’¬ ‘ß§‚ª√å ‰μâÀ«—π ·≈–æ¡à“ ‡ªìπμâπ ªï æ.». 2548 π—∫‡ªìπªï·Ààß§«“¡¿“§¿Ÿ¡‘„®¢Õß S&P Õ’°§√—ÈßÀπ÷Ëß ‡π◊ËÕß®“°∫√‘…—∑œ ‰¥â√—∫√“ß«—≈ºŸâ àßÕÕ° ‘π§â“·≈–∫√‘°“√¥’‡¥àπ ª√–®”ªï 2548 (Prime Ministerûs Export Award 2005) ”À√—∫√â“πÕ“À“√‰∑¬„π °√ÿß≈Õπ¥Õπ ´÷Ëß¥”‡π‘π°“√¿“¬„μâ™◊ËÕ çPatara Fine Thai Cuisineé ·≈–∫√‘…—∑œ ¬—ß‰¥â√—∫√“ß«—≈ Superbrands Thailand 2005 „π∞“π–μ√“ ‘π§â“´÷ËßÕ¬Ÿà„π„® (top of mind) ¢ÕßºŸâ∫√‘‚¿§™“«‰∑¬ ∫√‘…—∑‰¥â¢¬“¬‚§√ß°“√æ—≤π“√–∫∫ ÿ¢≈—°…≥–°“√º≈‘μÕ“À“√ (GMP) „π√â“πÕ“À“√·≈–‡∫‡°Õ√’Ë™ÁÕæ ∑—Èß 233 ®ÿ¥ À≈—ß®“°∑’Ë√â“πÕ“À“√ 5 “¢“¢Õß‡√“‰¥â√—∫°“√√—∫√Õß¡“μ√∞“π¥—ß°≈à“« ®“° ”π—°ß“π¡“μ√∞“π º≈‘μ¿—≥±åÕÿμ “À°√√¡‡¡◊ËÕªï æ.». 2548 „π à«π¢Õß«—μ∂ÿ¥‘∫∑’Ë®—¥´◊ÈÕ®—¥À“„Àâ·°à√â“πÕ“À“√·≈–‡∫‡°Õ√’Ë™ÁÕæ ∑—ÈßÀ¡¥ °Á¡’°“√§«∫§ÿ¡·≈–‡ΩÑ“√–«—ß§«“¡ª≈Õ¥¿—¬·≈–§ÿ≥¿“æÕ¬à“ß‡¢â¡ß«¥ ®π‰¥â√—∫‡°’¬√μ‘∫—μ√·≈–ªÑ“¬∑Õß Õ“À“√ª≈Õ¥¿—¬ „π‚§√ß°“√Õ“À“√ª≈Õ¥¿—¬¢Õß°√¡«‘∑¬“»“ μ√å°“√·æ∑¬å °√–∑√«ß “∏“√≥ ÿ¢ ‚√ßß“πº≈‘μ‡∫‡°Õ√’Ë·≈–‚√ßß“πº≈‘μÕ“À“√ ¡’°“√æ—≤π“√–∫∫§ÿ≥¿“æÕ¬à“ßμàÕ‡π◊ËÕß‡æ◊ËÕ„Àâ ‰¥â¡“μ√∞“π “°≈ ‚¥¬‰¥â√—∫°“√√—∫√Õß¡“μ√∞“π√–∫∫§ÿ≥¿“æ GMP, HACCP ·≈– ISO 9001 ®“°Àπà«¬√“™°“√∑’Ë„Àâ°“√ √—∫√Õß√–∫∫§ÿ≥¿“æ Õ“∑‘‡™àπ ”π—°ß“π§≥–°√√¡°“√Õ“À“√·≈–¬“ °√–∑√«ß “∏“√≥ ÿ¢ °√¡«‘™“°“√‡°…μ√ ·≈–°√¡ª√–¡ß °√–∑√«ß‡°…μ√·≈– À°√≥å °“√√—∫√Õß§ÿ≥¿“æπ’Èπ—∫«à“‡ªìπ à«π ”§—≠∑’Ë™à«¬‡ √‘¡„ÀâºŸâ∫√‘‚¿§ ¡—Ëπ„®º≈‘μ¿—≥±å¢Õß‡√“¡“¬“«π“π°«à“ 33 ªï

”À√—∫°‘®°√√¡∑“ß¥â“π —ß§¡ ∫√‘…∑— œ ¬—ß§ß®—¥°‘®°√√¡‡æ◊ÕË —ß§¡Õ¬à“ßμàÕ‡π◊ÕË ß ‡™àπ °‘®°√√¡·μàßÀπâ“‡§â° S&P Happy Bakery „Àâ‡¥Á°π—°‡√’¬π™—Èπª√–∂¡»÷°…“ªï∑’Ë 3 „π 30 ‚√ß‡√’¬π∑—Ë«°√ÿß‡∑æœ ‡æ◊ËÕ„Àâ‡¥Á°Ê ‰¥â√—∫ §«“¡‡æ≈‘¥‡æ≈‘π πÿ° π“π ·≈–„™â®π‘ μπ“°“√ √â“ß √√§åÕ¬à“ß‡μÁ¡∑’°Ë ∫— °“√·μàßÀπâ“‡§â°¥â«¬μπ‡Õß πÕ°®“°π’·È ≈â« ∫√‘…—∑œ ¬—ß‰¥âπ”‡§â°ªÕπ¥å ‰ª¡Õ∫„Àâ·°à‡¥Á°·≈–ºŸâ¥âÕ¬‚Õ°“ μ“¡¡Ÿ≈π‘∏‘·≈– ∂“π ß‡§√“–Àå‡¥Á°·≈–ºŸâæ‘°“√μà“ßÊ √«¡ 42 Õß§å°√ μ“¡‡®μπ“√¡≥å¢Õß≈Ÿ°§â“„π‚§√ß°“√ 2005 Wishes - Cake A Wish Make A Wish ‡æ◊ËÕ ‡ªìπ°“√μÕ∫·∑π —ß§¡ ∑—Èß¬—ß‰¥â∫√‘®“§‡ß‘π ¥·≈–º≈‘μ¿—≥±å„Àâ·°àÕß§å°√°“√°ÿ»≈ ·≈–π‘ ‘μ π—°»÷°…“ ‡æ◊ËÕπ”‰ª ®—¥°‘®°√√¡„π°“√ÕÕ°§à“¬μ“¡®—ßÀ«—¥μà“ßÊ ∑—Ë«ª√–‡∑» „πªï æ.». 2549 ∫√‘…—∑œ «“ß·ºπ®–„™â°≈¬ÿ∑∏å°“√μ≈“¥‡™‘ß√ÿ° ‡æ◊ËÕ„Àâ “¡“√∂ πÕßμÕ∫μàÕ°“√ ‡ª≈’¬Ë π·ª≈ß°“√·¢àß¢—π ·≈–§«“¡μâÕß°“√¢Õß≈Ÿ°§â“‰¥âÕ¬à“ß∑—π°“√≥å ·≈–¥÷ß≈Ÿ°§â“√“¬„À¡àÊ ‡¢â“¡“„π√â“π„Àâ¡“°¢÷πÈ ‡æ◊ÕË √â“ß§«“¡‡®√‘≠‡μ‘∫‚μ„Àâ·°à∫√‘…∑— œ μàÕ‰ª ‚¥¬∫√‘…∑— œ ¡’·ºπ®–‡ªî¥ “¢“√â“πÕ“À“√ 10 ·Ààß ·≈–‡∫‡°Õ√’™Ë ÕÁ æ Õ’° 25 ·Ààß „π∑”‡≈∑’¡Ë º’ ∫Ÿâ √‘‚¿§ —≠®√‰ª¡“§—∫§—ßË ‡™àπ »Ÿπ¬å°“√§â“™—πÈ π” ´Ÿ‡ªÕ√å¡“√å‡°μ ‰Œ‡ªÕ√å¡“√å‡°μ ‚√ßæ¬“∫“≈ Õ“§“√ ”π—°ß“π ·≈– ∂“π’∫√‘°“√πÈ”¡—π Õ’°∑—Èß¬—ß¡’·ºπ°“√ª√—∫ª√ÿßμ°·μàß√â“π “¢“∑’Ë¡’Õ¬Ÿà‡¥‘¡„Àâ∑—π ¡—¬·≈– ‡À¡“– ¡°—∫≈Ÿ°§â“„π·μà≈–∑”‡≈¥â«¬ §«“¡ ”‡√Á®μà“ßÊ ∑’Ë∫√‘…—∑œ ‰¥â√—∫ ‡°‘¥®“°§«“¡ “¡“√∂·≈–§«“¡¡ÿàß¡—Ëπ¢Õßæπ—°ß“π·≈–ºŸâ∫√‘À“√¢Õß ∫√‘…∑— œ √«¡∂÷ß§≥–®—¥°“√·≈–§≥–°√√¡°“√∑ÿ°∑à“π∑’Ë ‰¥âÕ∑ÿ »‘ ‡«≈“‡æ◊ÕË §«“¡°â“«Àπâ“ ·≈–‡®√‘≠√ÿßà ‡√◊Õß¢Õß∫√‘…∑— œ ‡ ¡Õ¡“ ¥‘©—π®÷ß„§√à¢Õ¢Õ∫§ÿ≥∑ÿ°∑à“π‰«â ≥ ‚Õ°“ π’È¥â«¬

(¿—∑√“ »‘≈“ÕàÕπ) ª√–∏“π°√√¡°“√

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘® ●

ª√–«—μ‘§«“¡‡ªìπ¡“·≈–°“√‡ª≈’Ë¬π·ª≈ß∑’Ë ”§—≠ ●

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) À√◊Õ‡¥‘¡™◊ËÕ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ®”°—¥ °àÕμ—Èß¢÷Èπ‡¡◊ËÕªï 2516 ‚¥¬æ’ËπâÕßμ√–°Ÿ≈‰√«“ ·≈–»‘≈“ÕàÕπ ‚¥¬¡’§«“¡μ—Èß„®μâÕß°“√∑”√â“πÕ“À“√·≈–‡∫‡°Õ√’Ë∑’Ë¡’ §ÿ≥¿“æ¥’ ¡’∫√√¬“°“» ∫“¬Ê „Àâ∫√‘°“√≈Ÿ°§â“∑’Ë¡’√“¬‰¥â√–¥—∫ª“π°≈“ß √â“π‡Õ ·Õπ¥å æ’ “¢“·√° ‰¥â‡√‘Ë¡‡ªî¥¥”‡π‘π°“√¢÷Èπ∑’Ë´Õ¬ª√– “π¡‘μ√ ÿ¢ÿ¡«‘∑ 23 Õ“À“√·≈–∫√‘°“√¢Õß çS&Pé ¡’™◊ËÕ‡ ’¬ß ‡ªìπ∑’Ëπ‘¬¡ ·≈–‰¥â√—∫§«“¡‡™◊ËÕ∂◊Õ®“°≈Ÿ°§â“„π‡«≈“Õ—π√«¥‡√Á« ®πμàÕ¡“‰¥â¢¬“¬ “¢“‡æ‘Ë¡‡μ‘¡„π∑”‡≈ ”§—≠Ê „π°√ÿß‡∑æœ Õ’°À≈“¬·Ààß

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ªï 2527 ∫√‘…—∑œ ‰¥â°àÕ √â“ß‚√ßß“π‡∫‡°Õ√’Ëº≈‘μ‡§â° ¥ ¢π¡ªíß ·≈–¢π¡Õ∫μà“ßÊ ‡æ◊ËÕμÕ∫ πÕß §«“¡μâÕß°“√¢Õßμ≈“¥

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ªï 2532 ∫√‘…—∑œ ‰¥â¬◊Ëπ®¥∑–‡∫’¬π‡ªìπ∫√‘…—∑√—∫Õπÿ≠“μ„πμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ·≈–‰¥â ≈ß∑ÿπ¢¬“¬ “¢“√â“πÕ“À“√·≈–‡∫‡°Õ√’‡Ë æ‘¡Ë ¢÷πÈ Õ¬à“ß√«¥‡√Á« √«¡∑—ßÈ ‡ªî¥√â“πÕ“À“√ Patara Fine Thai Cuisine “¢“·√°∑’Ë°√ÿß≈Õπ¥Õπ ª√–‡∑»Õ—ß°ƒ… μàÕ¡“∫√‘…—∑œ ‰¥âπ”‡ πÕº≈‘μ¿—≥±åÕ“À“√·≈–∫√‘°“√„À¡àÊ „Àâ·°à≈Ÿ°§â“ Õ“∑‘ Õ“À“√ ”‡√Á®√Ÿª·™à·¢Áß ¿“¬„μâ™◊ËÕ ç§«‘°¡’≈é ‰Õ»°√’¡§ÿ≥¿“æ‡¬’Ë¬¡ çŒ“‡°âπ-¥“ é ∫√‘°“√®—¥ àßÕ“À“√∂÷ß∫â“π‡æ◊ËÕ‡æ‘Ë¡§«“¡ –¥«°„Àâ·°à≈Ÿ°§â“ ·≈–√à«¡∑ÿπ°—∫π—°∏ÿ√°‘®∑âÕß∂‘Ëπ„πª√–‡∑» ‘ß§‚ª√å ‰μâÀ«—π «‘μ‡´Õ√å·≈π¥å ‡æ◊ËÕ‡ªî¥√â“πÕ“À“√‰∑¬„πª√–‡∑»¥—ß°≈à“«μ“¡≈”¥—∫

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ªï 2542 ‚√ßß“πº≈‘μ‡∫‡°Õ√’Ë·≈–‚√ßß“πº≈‘μÕ“À“√‰¥â√—∫„∫√—∫√Õß HACCP (Hazard Analysis Critical Control Point) ´÷Ëß‡ªìπ¡“μ√∞“πº≈‘μ¿—≥±åÕ“À“√∑’Ë¬Õ¡√—∫„π«ß°“√Õÿμ “À°√√¡°“√º≈‘μ Õ“À“√∑—Ë«‚≈° ·≈–‰¥â‡ªî¥√â“πÕ“À“√„À¡à¿“¬„μâ™◊ËÕ çPatioé ´÷Ëß‡ªìπ√â“πÕ“À“√·∫∫√à«¡ ¡—¬∑’Ë‡πâπ‡¡πŸ Õ“À“√μà“ßª√–‡∑»

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ªï 2545 ‚√ßß“π‡∫‡°Õ√’Ë ‰¥â√—∫°“√√—∫√Õß¡“μ√∞“π GMP (Good Manufacturing Practice) ´÷Ëß ‡ªìπ°“√√—∫√ÕßÀ≈—°‡°≥±å°“√º≈‘μ∑’Ë¥’ „π à«π¢ÕßÀâÕßªØ‘∫—μ‘°“√°Á ‰¥â√—∫¡“μ√∞“π ISO-IEC 17025 ®“° ”π—°ß“π¡“μ√∞“πÕÿμ “À°√√¡ ”À√—∫°√–∫«π°“√º≈‘μ „πªïπ’È¬—ß¡’°“√‡ªî¥‡§“πå‡μÕ√å°“·ø™◊ËÕ ùBluecupû ¢÷Èπ¿“¬„π√â“π S&P ·≈–‡ªî¥√â“πÕ“À“√‰∑¬„πª√–‡∑» «‘μ‡´Õ√å·≈π¥å ¿“¬„μâ™◊ËÕ çThaié

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√à«¡ ¡—¬‰∑¬ - Ω√—Ëß ”À√—∫ à«π°“√º≈‘μ∫√‘…—∑œ °Á ‰¥â¢¬“¬‚√ßß“π∑’Ëπ‘§¡Õÿμ “À°√√¡≈“¥°√–∫—ß ‚¥¬´◊ÈÕ‚√ßß“π¢â“ß‡§’¬ßπ”¡“ª√—∫ª√ÿß‡æ◊ËÕ¢¬“¬°”≈—ßº≈‘μÕ“À“√·™à·¢Áß ”‡√Á®√Ÿª ªï 2547 ∫√‘…—∑œ ‰¥â‡ªî¥√â“πÕ“À“√ ‰μ≈å∑—π ¡—¬ ”À√—∫§π√ÿàπ„À¡à¿“¬„μâ™◊ËÕ çVanilla Industryé πÕ°®“°π—Èπ∫√‘…—∑¬—ß‰¥â√—∫ªÑ“¬ Clean Food Good Taste ·≈– Food Safety ”À√—∫√â“πÕ“À“√ ·≈–‡∫‡°Õ√’Ë™ÁÕæ√«¡ 70 “¢“ ®“°°√–∑√«ß “∏“√≥ ÿ¢ ·≈–¬—ß‰¥â√—∫°“√√—∫√Õß¡“μ√∞“π GMP „π√â“πÕ“À“√ 5 “¢“ ®“° ”π—°ß“π¡“μ√∞“πº≈‘μ¿—≥±åÕÿμ “À°√√¡¥â«¬ ªï 2548 ∫√‘…—∑œ ‰¥â‡ªî¥√â“πÕ“À“√ çVanillaé ‡æ‘Ë¡Õ’° 1 ·Ààß ·≈–‰¥â¢¬“¬ “¢“μà“ßª√–‡∑»‡æ‘Ë¡¢÷ÈπÕ’° 1 “¢“ ¿“¬„μâ™◊ËÕ çGrand Patioé ∑’Ëª√–‡∑»‰μâÀ«—π ”À√—∫√â“π çPataraé “¢“ London ‰¥â√—∫ √“ß«—≈ PM Award 2005 (Prime Ministerûs Export Award 2005) ¥â“π Best Service Provider ´÷Ëß‡ªìπ°“√μÕ°¬È”∂÷ß§«“¡‡ªìπºŸâπ”∑“ß¥â“π√â“πÕ“À“√‰∑¬„πμà“ßª√–‡∑»¢Õß∫√‘…—∑œ πÕ°®“°π’È ∫√‘…—∑œ ¬—ß‰¥â√—∫√“ß«—≈ Superbrands Thailand 2005 „π∞“π–∑’Ë S&P ‰¥â√—∫°“√¬°¬àÕß·≈– ¬Õ¡√—∫„πμ√“ ‘π§â“«à“‡ªìπ ‘π§â“¬Õ¥π‘¬¡„π„® (Top of mind) ¢ÕßºŸâ∫√‘‚¿§™“«‰∑¬

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∫√‘…∑— ¬àÕ¬ 1. ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ ‡ªìπ∫√‘…—∑„π‡§√◊Õ∑’Ëª√–°Õ∫°‘®°“√√â“πÕ“À“√‰∑¬„πμà“ßª√–‡∑» ‚¥¬¡’∑—Èß°“√‡ªìπ‡®â“¢Õß°‘®°“√‡Õß∑—ÈßÀ¡¥ ·≈–√à«¡∑ÿπ°—∫∫√‘…—∑„πμà“ßª√–‡∑» ‡æ◊ËÕ®—¥μ—Èß∫√‘…—∑„À¡à¢÷Èπ¡“ ¥â«¬ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ ¡’ª√– ∫°“√≥å„π°“√∫√‘À“√√â“πÕ“À“√ ·≈–¡’∫ÿ§≈“°√∑’Ë¡’§«“¡√Ÿâ §«“¡ ‡™’Ë¬«™“≠∑“ß¥â“πÕ“À“√‡ªìπ∑ÿπ‡¥‘¡Õ¬Ÿà·≈â« ∫√‘…—∑œ ®÷ß§—¥ √√ºŸâ√à«¡∑ÿπμà“ßª√–‡∑»∑’Ë¡’ª√– ∫°“√≥å ∑√“∫§«“¡ μâÕß°“√¢Õßμ≈“¥„π·μà≈–ª√–‡∑»∑’Ë®–≈ß∑ÿπ‡æ◊ËÕ§«“¡ –¥«°„π°“√ª√–°Õ∫∏ÿ√°‘®„πª√–‡∑»π—ÈπÊ √«¡∑—Èß¥â“π °ÆÀ¡“¬·≈–√–‡∫’¬∫¢âÕ∫—ß§—∫μà“ßÊ ¢Õß·μà≈–ª√–‡∑» ∫√‘…—∑∑’Ë‡°‘¥®“°°“√≈ß∑ÿπ„πμà“ßª√–‡∑»¡’¥—ßμàÕ‰ªπ’È 1. ∫√‘…∑— ‡Õ ·Õπ¥å æ’ ‡√ ∑—«√Õß∑å ®”°—¥ ª√–°Õ∫°‘®°“√√â“πÕ“À“√¿“¬„μâ™Õ◊Ë ¿—∑√“ ∑’°Ë √ÿß≈Õπ¥Õπ ª√–‡∑»Õ—ß°ƒ… ªí®®ÿ∫—π¡’ 4 “¢“ 2. ∫√‘…—∑ ¿—∑√“ (‡®π’«“) ®”°—¥ ª√–°Õ∫°‘®°“√√â“πÕ“À“√¿“¬„μâ™◊ËÕ¿—∑√“ ∑’Ë°√ÿß‡®π’«“ ª√–‡∑» «‘μ‡´Õ√å·≈π¥å ªí®®ÿ∫—π¡’ 1 “¢“ 3. ∫√‘…—∑ ∏’¡ øŸ¥ å (æ’∑’Õ’) ®”°—¥ ª√–°Õ∫°‘®°“√√â“πÕ“À“√¿“¬„μâ™◊ËÕ¿—∑√“ ∑’Ëª√–‡∑» ‘ß§‚ª√å ªí®®ÿ∫—π¡’ 2 “¢“ 4. ∫√‘…—∑ ¬“¡ §‘∑‡™àπ §√Õ ‡«¬å æâÕ¬∑å (æ’∑’Õ’) ®”°—¥ ª√–°Õ∫°‘®°“√√â“πÕ“À“√¿“¬„μâ™◊ËÕ ¬“¡ §‘∑‡™àπ ∑’Ëª√–‡∑» ‘ß§‚ª√å ªí®®ÿ∫—π¡’ 7 “¢“ 5. ∫√‘…—∑ ¿—∑√“ ‰μâÀ«—π ®”°—¥ ª√–°Õ∫°‘®°“√√â“πÕ“À“√¿“¬„μâ™◊ËÕ¿—∑√“ ∑’Ëª√–‡∑»‰μâÀ«—π ªí®®ÿ∫—π ¡’ 1 “¢“ 6. ∫√‘…—∑ æ“∑‘‚Õ Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ®”°—¥ ª√–°Õ∫°‘®°“√√â“πÕ“À“√¿“¬„μâ™◊ËÕæ“∑‘‚Õ ∑’Ëª√–‡∑» ‰μâÀ«—π ªí®®ÿ∫—π¡’ 2 “¢“ 7. ∫√‘…∑— ¿—∑√“ ¥’‡«≈≈Õª‡¡âπ∑å ®”°—¥ ª√–°Õ∫°‘®°“√√â“πÕ“À“√¿“¬„μâ™Õ◊Ë ‰∑¬ ∑’°Ë √ÿß‡®π’«“ ª√–‡∑» «‘μ‡´Õ√å·≈π¥å ªí®®ÿ∫—π¡’ 1 “¢“ 8. ∫√‘…—∑ ¬“¡ §‘∑‡™àπ ‡Õ ¥’‡ÕÁπ ∫’‡Õ™¥’ ®”°—¥ ª√–°Õ∫°‘®°“√√â“πÕ“À“√¿“¬„μâ™◊ËÕ ¬“¡§‘∑‡™àπ ∑’Ëª√–‡∑»¡“‡≈‡´’¬ ªî¥¥”‡π‘π°“√μ—Èß·μà 30 °—π¬“¬π 2548 2. ∫√‘…—∑ ‡ √’«—≤πå øŸÑ¥ å ®”°—¥ ‡ªìπºŸâº≈‘μº≈‘μ¿—≥±å ‰ â°√Õ°·≈–·Œ¡ ‡ âπæ“ μâ“ ·≈– ’ °≈‘Ëπ ∑’Ë„™â „π Õÿμ “À°√√¡Õ“À“√ μ≈Õ¥®π‡§√◊ËÕßª√ÿß√ μà“ßÊ „Àâ°—∫∫√‘…—∑„π‡§√◊Õ ·≈–∫ÿ§§≈¿“¬πÕ° ªí®®ÿ∫—π∫√‘…—∑ ‡ √’«—≤πå øŸÑ¥ å ‰¥â ‚Õπ°‘®°√√¡°“√º≈‘μ∑—ÈßÀ¡¥‰ª¬—ß∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) „π‡¥◊Õπμÿ≈“§¡ 2547 3. ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ·Õ ‡´∑ ®”°—¥ (‡¥‘¡™◊ËÕ∫√‘…—∑ ‡Õ ·Õπ¥åæ’ ‰¡‡πÕ√åøŸÑ¥ ®”°—¥) ‡ªìπ∫√‘…—∑ √à«¡∑ÿπ∑’Ë∫√‘…—∑‡¢â“´◊ÈÕÀÿâπ à«πÕ’°√âÕ¬≈– 50 ®“°∫√‘…—∑ ‡¥Õ–‰¡‡πÕ√åøŸÑ¥ °√ÿäª ®”°—¥ (¡À“™π) „πªï 2548 ∑”„Àâ‡ª≈’Ë¬π ¿“æ¡“‡ªìπ∫√‘…—∑¬àÕ¬ ´÷Ëß¥”‡π‘π°‘®°√√¡„π°“√æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å‡æ◊ËÕ„Àâ√â“πÕ“À“√‡™à“ ªí®®ÿ∫—π ‡ªìπ‡®â“¢Õß ‘∑∏‘°“√‡™à“æ◊Èπ∑’Ë·≈–Õ“§“√μ—ÈßÕ¬Ÿà∑’Ë ÿ¢ÿ¡«‘∑ ´Õ¬ 26 ‚¥¬„Àâ√â“πÕ“À“√ ‡Õ ·Õπ¥å æ’ ·≈–√â“π§â“Õ◊Ëπ ‡ªìπºŸâ‡™à“

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50.00% ∏’¡ øŸ¥ å æ’∑’Õ’ ( ‘ß§‚ª√å)

99.93% ▲ ∫®. ‡Õ ·Õπ¥å æ’ ·Õ ‡´∑ (‡¥‘¡™◊ËÕ ∫®. ‡Õ ·Õπ¥åæ’ ‰¡‡πÕ√åø¥ŸÑ )

49.00% ▲ ∫®. ‡Õ™¥’ ¥‘ ∑√‘∫‘«‡μÕ√å (ª√–‡∑»‰∑¬)

62.00% ¿—∑√“ (‡®π’«“) ‡Õ ‡Õ ∫√‘…—∑∑’ËÀ¬ÿ¥¥”‡π‘π°‘®°“√ ( «‘μ‡´Õ√å·≈π¥å) 50.00% ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ §‘∑‡™àπ ®”°—¥ ¬“¡ §‘∑‡™àπ §√Õ ‡«¬å æâÕ¬∑å ¬“¡ §‘∑‡™àπ ‡Õ ¥’‡ÕÁπ ∫’‡Õ™¥’ (¡“‡≈‡´’¬) ( ‘ß§‚ª√å) 55.00% ∫®. æ“∑‘‚Õ Õ‘π‡μÕ√å‡π™—Ëπ·π≈ (‰μâÀ«—π)

▲

45.00% ¿—∑√“ ¥’‡«≈≈Õª‡¡âπ∑å ‡Õ ‡Õ ( «‘μ‡´Õ√å·≈π¥å)

—¥ à«π∂◊ÕÀÿâπ 99.99% 50.00%

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‚§√ß √â“ß√“¬‰¥â Àπà«¬ (≈â“π∫“∑) √“¬‰¥â·¬°μ“¡™àÕß∑“ß°“√®—¥®”Àπà“¬

¥”‡π‘π°“√‚¥¬

∏ÿ√°‘®√â“πÕ“À“√ „πª√–‡∑» μà“ßª√–‡∑» ∏ÿ√°‘®√â“π‡∫‡°Õ√’Ë ∏ÿ√°‘®¢“¬ àß ‘π§â“·≈–∫√‘°“√Õ◊ËπÊ ∫√‘°“√ àß∂÷ß∫â“π·≈–®—¥‡≈’È¬ßπÕ° ∂“π∑’Ë

S&P S&P Global S&P S&P S&P

% °“√∂◊ÕÀÿâπ 2548 √âÕ¬≈– 2547 √âÕ¬≈– 2546 √âÕ¬≈– ¢Õß∫√‘…∑— œ › 80.00 › › ›

√«¡

1,364 631 845 259 262

40.6% 18.8% 25.1% 7.7% 7.8%

1,242 41.5% 1,087 42.6% 502 16.8% 397 15.6% 792 26.4% 666 26.1% 230 7.7% 186 7.3% 229 7.6% 214 8.4%

3,361 100.0% 2,995 100.0% 2,550 100.0%

à«π·∫àß√“¬‰¥âμ“¡™àÕß∑“ß°“√®—¥®”Àπà“¬ ªï 2548 ∏ÿ√°‘® àßμ“¡∫â“π ·≈–®—¥‡≈’¬È ß 8%

∏ÿ√°‘®¢“¬ àß 8% √â“πÕ“À“√ „πª√–‡∑» 40%

√â“π‡∫‡°Õ√’Ë 25% √â“πÕ“À“√ μà“ßª√–‡∑» 19%

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ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

Àπà«¬ (≈â“π∫“∑) √“¬‰¥â·¬°μ“¡ ‘π§â“·≈–∫√‘°“√ Õ“À“√·≈–‡§√◊ËÕß¥◊Ë¡ º≈‘μ¿—≥±å‡∫‡°Õ√’Ë Õ“À“√ ”‡√Á®√Ÿª·™à·¢Áß º≈‘μ¿—≥±å‡π◊ÈÕ —μ«å·ª√√Ÿª ¡—°°–‚√π’·≈–°≈‘Ëπ ’ ‘π§â“Õ◊πË

¥”‡π‘π°“√‚¥¬

% °“√∂◊ÕÀÿâπ ¢Õß∫√‘…∑— œ

2548 √âÕ¬≈– 2547 √âÕ¬≈– 2546 √âÕ¬≈–

S&P S&P S&P S&P S&P S&P

› › › › › ›

1,600 47.6% 1,399 47.0% 1,167 46.0% 1,474 43.9% 1,345 45.0% 1,154 45.0% 115 3.4% 114 4.0% 105 4.0% 51 1.5% 49 2.0% 41 2.0% 34 1.0% 38 1.0% 36 1.0% 87 2.6% 50 2.0% 47 2.0%

√«¡

3,361 100.0% 2,995 100.0% 2,550 100.0%

„πªï 2548 ‚§√ß √â“ß√“¬‰¥âÀ≈—°¢Õß°≈ÿà¡∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ¡“®“°∏ÿ√°‘®√â“πÕ“À“√·≈–‡∫‡°Õ√’Ë§‘¥‡ªìπ √âÕ¬≈– 85 ¢Õß√“¬‰¥â√«¡ ‚¥¬‡ªìπ∏ÿ√°‘®√â“πÕ“À“√·≈–‡∫‡°Õ√’Ë „πª√–‡∑»√âÕ¬≈– 66 ·≈–¡“®“°∏ÿ√°‘®√â“π Õ“À“√μà“ßª√–‡∑»√âÕ¬≈– 19 √“¬‰¥â∑’Ë‡À≈◊ÕÕ’°ª√–¡“≥√âÕ¬≈– 15 ¡“®“°°“√∑’Ë∫√‘…—∑ª√–°Õ∫∏ÿ√°‘®¢“¬ àß ‘π§â“ √«¡∂÷ß°“√„Àâ∫√‘°“√Õ◊ËπÊ ‡™àπ ∫√‘°“√ àßÕ“À“√∂÷ß∫â“π·≈–®—¥‡≈’È¬ßπÕ° ∂“π∑’Ë

à«π·∫àß√“¬‰¥âμ“¡√“¬º≈‘μ¿—≥±å ªï 2548

Õ“À“√ ”‡√Á®√Ÿª ·™à·¢Áß 3%

‡π◊ÈÕ —μ«å ·ª√√Ÿª 2%

¡—°°–‚√π’ ·≈–°≈‘πË ’ 1% ‘π§â“Õ◊πË 3% Õ“À“√ ·≈–‡§√◊ÕË ß¥◊¡Ë 47%

‡∫‡°Õ√’Ë 44%

●

º≈‘μ¿—≥±å·≈–°“√∫√‘°“√ º≈‘μ¿—≥±å º≈‘μ¿—≥±å¢Õß∫√‘…—∑œ ·∫àß‰¥â‡ªìπ 5 ª√–‡¿∑ ¥—ßπ’È 1. º≈‘μ¿—≥±å‡∫‡°Õ√’Ë

∫√‘…∑— œ ¡’°“√æ—≤π“‡§â°·∫∫„À¡àÊ ‡æ◊ÕË √Õß√—∫§«“¡μâÕß°“√¢ÕßºŸ∫â √‘‚¿§μ“¡‚Õ°“ ·≈–‡∑»°“≈μà“ßÊ √«¡∑—Èß°“√´◊ÈÕ≈‘¢ ‘∑∏‘Ïμ—«°“√åμŸπ (Character) ¢Õß«Õ≈μå ¥‘ π’¬å ¡“„™â·μàßÀπâ“‡§â°´÷Ëß‰¥â√—∫°“√μÕ∫√—∫®“°ºŸâ∫√‘‚¿§ ‡ªìπÕ¬à“ß¥’ πÕ°®“°π’È ∫√‘…—∑œ ¬—ß‰¥â«“ß®”Àπà“¬§ÿ°°’È μ√“‡¥≈‘‚Õ (Delio) ™π‘¥∫√√®ÿ´Õß ‡æ◊ËÕ„Àâ√“§“μàÕÀπà«¬ ‡À¡“– ¡°—∫°“√∑¥≈Õß´◊ÕÈ ™‘¡¢ÕßºŸ∫â √‘‚¿§ ∑”„Àâ “¡“√∂°√–®“¬°“√®”Àπà“¬‰ª¬—ß®ÿ¥®”Àπà“¬πÕ° “¢“¢Õß S&P ‰¥â¡“°¢÷Èπ ”À√—∫°“√æ—≤π“°√–∫«π°“√º≈‘μπ—Èπ ∫√‘…—∑œ ‰¥â¬â“¬°“√º≈‘μ ‡§â°‡π¬·™à·¢Áß™π‘¥∫√√®ÿ°≈àÕß ·≈– ™π‘¥∫√√®ÿ´Õß‰ª¬—ß‚√ßß“π‡∫‡°Õ√’Ë∑’Ë∂ππ∫“ßπ“ - μ√“¥ °¡. 23 ‚¥¬∑’Ë ‚√ßß“π·Ààßπ’È ‰¥âμ‘¥μ—Èß‡§√◊ËÕß®—°√„ÀâÕ“°“» (Mondomix) ·≈–‡μ“Õ∫„À¡à´÷Ëß‰¥â≈ß∑ÿπ‰«â‡¡◊ËÕªï æ.». 2547 - 2548 ∑”„Àâ “¡“√∂º≈‘μ‡§â°∑’Ë¡’‡π◊ÈÕ‡π’¬π≈–‡Õ’¬¥ §«∫§ÿ¡§ÿ≥¿“æ¢Õß‡π◊ÈÕ‡§â°‰¥â ¡Ë”‡ ¡Õ ·≈– –Õ“¥ ∫√‘…—∑œ ¬—ß¡’°“√≈ß∑ÿπ´◊ÈÕ‡§√◊ËÕß®—°√º≈‘μæ“¬·™à·¢ÁßÕ—μ‚π¡—μ‘ ´÷Ëß™à«¬„Àâº≈‘μæ“¬·™à·¢Áß‰¥â§ÿ≥¿“æ ¡Ë”‡ ¡Õ “¡“√∂º≈‘μ‰¥â∂ß÷ «—π≈– 100,000 ™‘πÈ πÕ°®“°π’È ¬—ß‰¥âæ≤ — π“≈“π®—¥ àß (Loading Dock) μ“¡¡“μ√∞“π GMP ∑”„Àâ “¡“√∂§«∫§ÿ¡§ÿ≥¿“æ„π°“√®—¥ àß ‘π§â“‰¥â¥’¢÷Èπ

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ANNUAL REPORT 2005

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2. º≈‘μ¿—≥±åÕ“À“√·™à·¢Áß

”À√—∫º≈‘μ¿—≥±åÕ“À“√·™à·¢Áß¢Õß∫√‘…—∑œ “¡“√∂·∫àßÕÕ°‡ªìπª√–‡¿∑μà“ßÊ ‰¥â¥—ßπ’È 2.1 Õ“À“√ ”‡√Á®√Ÿª·™à·¢Áß ç§«‘°¡’≈é (Quick Meal) ´÷Ëßº≈‘μ®”Àπà“¬∑—Èßª√–‡¿∑Õ“À“√®“π‡¥’¬« °—∫¢â“« ¢π¡À«“π Õ“À“√¡—ß «‘√—μ‘ ‡ªìπº≈‘μ¿—≥±å∑’Ë‡À¡“–°—∫«‘∂’™’«‘μÕ—π√’∫‡√àß¢Õß§π‡¡◊Õß´÷Ëß ‰¡à¡’‡«≈“„π°“√‡μ√’¬¡Õ“À“√¡“°π—° ‡æ’¬ßπ”Õ“À“√ ”‡√Á®√Ÿª·™à·¢Áß ç§«‘°¡’≈é Õÿàπ„π‡μ“ ‰¡‚§√‡«ø‰¡à°’Ëπ“∑’ °Á√—∫ª√–∑“π‰¥â 2.2 Õ“À“√·™à·¢Áßª√–‡¿∑∂ÿß ‡ªìπº≈‘μ¿—≥±å∑’Ëº≈‘μ¢÷Èπ‡æ◊ËÕ„™â‡ªìπ«—μ∂ÿ¥‘∫ ”À√—∫√â“πÕ“À“√ “¢“ ´÷Ëß ®–™à«¬≈¥‡«≈“„π°“√‡μ√’¬¡Õ“À“√„Àâ≈Ÿ°§â“ μ≈Õ¥®π™à«¬§«∫§ÿ¡ Ÿμ√°“√º≈‘μ„Àâ ‰¥â§ÿ≥¿“æ ¡Ë”‡ ¡Õ ·≈–™à«¬§«∫§ÿ¡μâπ∑ÿπÕ’°¥â«¬ 2.3 º≈‘μ¿—≥±åª√–‡¿∑´Õ πÈ”®‘È¡ ·≈–‡§√◊ËÕß·°ßμà“ßÊ ‡æ◊ËÕ„™â‡ªìπ«—μ∂ÿ¥‘∫ ”À√—∫√â“πÕ“À“√ “¢“ 3. º≈‘μ¿—≥±å‡π◊ÈÕ —μ«å·ª√√Ÿª

∫√‘…—∑¡’°“√º≈‘μº≈‘μ¿—≥±å‡π◊ÈÕ —μ«å·ª√√Ÿª ‚¥¬‡ªìπ°“√º≈‘μ‡æ◊ËÕ®”Àπà“¬„Àâ·°àºŸâ∫√‘‚¿§∑—Ë«‰ª ·≈– º≈‘μ‡æ◊ËÕ‡ªìπ«—μ∂ÿ¥‘∫„Àâ·°à√â“πÕ“À“√ “¢“ º≈‘μ¿—≥±å¥—ß°≈à“«‰¥â·°à 3.1 º≈‘μ¿—≥±å ‰ â°√Õ°·≈–·Œ¡ ª√–‡¿∑∫√√®ÿ´Õß ÿ≠≠“°“» ”À√—∫¢“¬ª≈’° Õ“∑‘‡™àπ ‰ â°√Õ° ·ø√ß‡øÕ√å‡μÕ√å ‰ â°√Õ°À¡Ÿ°√–‡∑’¬¡æ√‘°‰∑¬ ‰ â°√Õ°™’ ‰ â°√Õ°√«¡√ ·Œ¡ ·≈–Õ◊ËπÊ ´÷Ëß¡’®”Àπà“¬„π√â“πÕ“À“√ “¢“ ´Ÿ‡ªÕ√å¡“√å‡°μ ·≈–√â“π –¥«°´◊ÈÕμà“ßÊ 3.2 º≈‘μ¿—≥±å ‰ â°√Õ° ·Œ¡ ·≈–‡π◊ÈÕÀ¡Ÿ - ‰°àª√ÿß√ ”À√—∫ àß‡ªìπ«—μ∂ÿ¥‘∫„Àâ°—∫√â“πÕ“À“√ “¢“ ‡æ◊ËÕπ”‰ªª√ÿßÕ“À“√μàÕ‰ª 4. º≈‘μ¿—≥±åæ“ μâ“·≈–«—μ∂ÿ‡®◊ÕªπÕ“À“√

4.1 º≈‘μ¿—≥±å‡ âπæ“ μâ“Õ∫·Àâß ‰¥â·°à ‡ âπ ª“‡°μμ’ ·≈–¡—°°–‚√π’ ¿“¬„μâ·∫√π¥å ç√Õ¬—≈≈’é (ROYALLEE) ∫√√®ÿ¢“¬ª≈’°μ“¡´Ÿ‡ªÕ√å¡“√å‡°μ∑—Ë«‰ª 4.2 º≈‘μ¿—≥±å«—μ∂ÿ¥‘∫‡®◊ÕªπÕ“À“√ ‰¥â·°à ºßøŸ ’º ¡Õ“À“√ ·≈–‡§¡’Õ“À“√μà“ßÊ ‡æ◊ËÕ®”Àπà“¬„Àâ ·°à°≈ÿà¡ºŸâº≈‘μ¢π¡ªíß ¢π¡Õ∫ √–¥—∫Õÿμ “À°√√¡ πÕ°®“°π’È¬—ß¡’º≈‘μ¿—≥±åÕ¬à“ßÕ◊ËπÊ „π°≈ÿà¡π’È ‡™àπ ºß§— μ“√å¥ ·ªÑß·æπ‡§â° ·≈–·ªÑßº ¡ ”À√—∫∑”‡∫‡°Õ√’Ë ª√–‡¿∑μà“ßÊ ¿“¬„μâ·∫√π¥å ç√Õ¬—≈≈’é (ROYALLEE) ´÷Ëß«“ß®”Àπà“¬„π´Ÿ‡ªÕ√å¡“√å‡°μ 4.3 “¬°“√º≈‘μπ’È¬—ß “¡“√∂√—∫®â“ßº≈‘μ ∫¥ º ¡ ·ªÑßª√–‡¿∑μà“ßÊ ·≈–πÈ”μ“≈ªÉπ‚¥¬∫√√®ÿ μ“¡¢π“¥∑’Ë≈Ÿ°§â“μâÕß°“√Õ’°¥â«¬

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ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

„πªï 2548 ∫√‘…—∑œ ‰¥âπ”√–∫∫∫√‘À“√§ÿ≥¿“æ∑’Ë ‰¥â√—∫¡“μ√∞“π “°≈ ‰¥â·°à GMP, HACCP, ISO 9001 ¡“„™â°—∫°“√º≈‘μÕ“À“√∑—Èß 4 ª√–‡¿∑¥—ß°≈à“«¢â“ßμâπ ·≈–‰¥â√—∫°“√√—∫√Õß®“°Àπà«¬√—∫√Õß√–∫∫§ÿ≥¿“æ ¿“§√—∞∫“≈ ‰¥â·°à ”π—°ß“π§≥–°√√¡°“√Õ“À“√·≈–¬“ °√–∑√«ß “∏“√≥ ÿ¢ °√¡«‘™“°“√‡°…μ√·≈–°√¡ ª√–¡ß °√–∑√«ß‡°…μ√·≈– À°√≥å μ≈Õ¥®π‰¥â√—∫°“√√—∫√Õß®“°Àπà«¬ß“π√—∫√Õß§ÿ≥¿“æ¿“§‡Õ°™πÕ¬à“ß‡™àπ TÜVNORD (THAILAND) CO., LTD. 5. º≈‘μ¿—≥±åÕ◊ËπÊ

5.1 ∫√‘…∑— œ ‰¥â«“à ®â“ßºŸºâ ≈‘μ¿“¬πÕ°„Àâº≈‘μ ‘π§â“ª√–‡¿∑Õ◊πË Ê ‡™àπ ¢â“«‡°√’¬∫°ÿßâ - ª≈“ ∂—«Ë Õ∫°√Õ∫ ª≈“À¡÷°°√Õ∫ ¢π¡‰∑¬ √—ßπ° ´ÿª‰°à °—¥ œ≈œ ¿“¬„μâ™◊ËÕ S&P ‡æ◊ËÕ®”Àπà“¬μ“¡√â“π “¢“μà“ßÊ ∑—Èßπ’È∫√‘…—∑œ ‰¥â „™â°√–∫«π°“√§—¥ √√ºŸâº≈‘μ∑’Ë ‰¥â§ÿ≥¿“æ·≈–¡“μ√∞“πμ“¡∑’Ë∫√‘…—∑œ °”Àπ¥ 5.2 ∫√‘…—∑œ ‰¥âº≈‘μπÈ” ≈—¥ ´ÿª·≈–´Õ μà“ßÊ ¿“¬„μâ™◊ËÕ çPatioé ‡æ◊ËÕ®”Àπà“¬∑—Èß„π√â“π “¢“·≈– ´Ÿ‡ªÕ√å¡“√å‡°μ™—Èππ”Õ’°¥â«¬ 5.3 ”À√—∫º≈‘μ¿—≥±å¿“¬„μâ™◊ËÕ Vanilla ‰¥â¡’°“√æ—≤π“ ‘π§â“À≈“°À≈“¬ª√–‡¿∑‡æ◊ËÕ«“ß®”Àπà“¬ „π√â“π ‰¡à«à“®–‡ªìπº≈‘μ¿—≥±å‡∫‡°Õ√’Ë Õÿª°√≥å∑”‡∫‡°Õ√’Ë ¢Õß∑’Ë√–≈÷° ‡™àπ ‡ ◊ÈÕ¬◊¥ ºâ“°—π‡ªóôÕπ π“Ãî°“ œ≈œ

°“√∫√‘°“√ ∏ÿ√°‘®°“√∫√‘°“√¢Õß∫√‘…—∑œ ·∫àß‰¥â‡ªìπ 3 ª√–‡¿∑ ¥—ßπ’È 1. √â“πÕ“À“√·≈–√â“π‡∫‡°Õ√’Ë„πª√–‡∑» „Àâ∫√‘°“√¿“¬„μâ™◊ËÕ√â“πμà“ßÊ ¥—ßπ’È 1.1 S&P Restaurants - ‡ªìπ√â“πÕ“À“√∑’Ë„Àâ∫√‘°“√‡μÁ¡√Ÿª·∫∫¥â«¬Õ“À“√π“π“™π‘¥ ‡§â° ¢ÕßÀ«“π ‰Õ»°√’¡·≈–‡§√◊ËÕß¥◊Ë¡ ‚¥¬„Àâ∫√‘°“√°≈ÿà¡≈Ÿ°§â“∑’ËÀ≈“°À≈“¬ μ—Èß·μà§√Õ∫§√—« π—°‡√’¬ππ—°»÷°…“ §π∑”ß“π œ≈œ 1.2 S&P Bakery Shop - ‡ªìπ¡ÿ¡®”Àπà“¬º≈‘μ¿—≥±å‡∫‡°Õ√’Ë çS&Pé μ—ÈßÕ¬Ÿà „π»Ÿπ¬å°“√§â“™—Èππ” ´Ÿ‡ªÕ√å ‚μ√å ¥‘ ‡§“π∑å ‚μ√å ‚√ßæ¬“∫“≈ Õ“§“√ ”π—°ß“π ·≈– ∂“π’∫√‘°“√πÈ”¡—π ´÷Ëß‡ªìπ ∑”‡≈∑’Ë¡’ºŸâ∫√‘‚¿§ —≠®√‰ª¡“§—∫§—Ëß 1.3 Blue Cup - ‡ªìπ‡§“πå‡μÕ√å°“·ø®”Àπà“¬°“·ø ¥§ÿ≥¿“æ¥’ ªí®®ÿ∫—π¡’„Àâ∫√‘°“√„π√â“π S&P 129 ®ÿ¥ πÕ°®“°π’È¬—ß‰¥â‡ªî¥√â“π Bluecup ebb and flo. ∑’Ë‡πâπ°“√®”Àπà“¬°“·ø·≈–™“™—Èπ¥’ ®“°μà“ßª√–‡∑»¢÷Èπ‡ªìπ “¢“·√°∑’Ë ¬“¡‡´Áπ‡μÕ√å 1.4 Patara - ‡ªìπ√â“πÕ“À“√´÷Ëß‡®“–°≈ÿà¡≈Ÿ°§â“√–¥—∫∫π·≈–≈Ÿ°§â“™“«μà“ßª√–‡∑» „Àâ∫√‘°“√ Õ“À“√‰∑¬∑’Ë®—¥·μàß·∫∫√à«¡ ¡—¬ ¥â«¬‡¡πŸÀ≈“°À≈“¬ ∑à“¡°≈“ß∫√√¬“°“»À√ŸÀ√“

1.5 Patio - ‡ªìπ√â“πÕ“À“√Ω√—Ëß„π∫√√¬“°“» ∫“¬Ê ‚¥¬¡’‡¡πŸÕ“À“√´÷Ëß§—¥ √√·≈â« ·≈–®—¥‡ ‘√åø Õ¬à“ß¡’ ‰μ≈å πÕ°®“°π’È ∑“ß√â“π¬—ß®”Àπà“¬º≈‘μ¿—≥±å‚Œ¡‡¡¥®”æ«° πÈ” ≈—¥ ´ÿª æ“ μâ“ ´Õ √ μà“ßÊ Õ’°¥â«¬ 1.6 Vanilla - ‡ªìπ√â“πÕ“À“√·≈–‡∫‡°Õ√’Ë·π«∑—π ¡—¬ ®”Àπà“¬Õ“À“√Ω√—Ëß·≈–¢π¡À«“πª√–‡¿∑ μà“ßÊ ®—¥∫√√¬“°“»√â“π‡®◊Õ°≈‘ËπÕ“¬·∫∫¬ÿ‚√ª ‡æ◊ËÕ√Õß√—∫°≈ÿà¡≈Ÿ°§â“∑’Ë‡ªìπ§π√ÿàπ„À¡à πÕ°®“°π’È ¬—ß‡ªî¥ Õπ°“√∑”Õ“À“√„Àâ°—∫ºŸâ∑’Ë π„®¥â«¬ ∑—Èßπ’È ¿“¬„μâ™◊ËÕ Vanilla ®–·∫àß‡ªìπ√â“πÕ“À“√ „π·π«μà“ßÊ ‡™àπ Vanilla Industry, Vanilla Restaurant ·≈– Vanilla Brasserie ‡ªìπμâπ

1.7 ¡—ß°√∑Õß ‡ªìπ√â“πÕ“À“√®’π ¡—¬„À¡à√ ™“μ‘√–¥—∫¿—μμ“§“√ æ√âÕ¡∫√‘°“√μ‘Ë¡´”√ ‡≈‘»

1.8 Grand Seaside - ‡ªìπ√â“πÕ“À“√∑–‡≈μ—ÈßÕ¬Ÿà∑’Ë·À≈¡ø“π Õ”‡¿Õ»√’√“™“ „Àâ∫√‘°“√Õ“À“√μà“ßÊ ‚¥¬‡πâπ‡¡πŸÕ“À“√∑–‡≈∑’Ë ¥ –Õ“¥ ∑à“¡°≈“ß∫√√¬“°“»™“¬∑–‡≈ ·≈–¬—ß¡’∫√‘°“√®—¥‡≈’È¬ß ”À√—∫·¢°®”π«π¡“°Õ’°¥â«¬

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μ“√“ß· ¥ß®”π«π “¢“√â“πÕ“À“√·≈–√â“π‡∫‡°Õ√’Ë∑—Ë«ª√–‡∑» ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ¡’¥—ßπ’È “¢“„π°√ÿß‡∑æœ “¢“μà“ß®—ßÀ«—¥

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√â“πÕ“À“√ Patio

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√â“πÕ“À“√ Vanilla

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√â“πÕ“À“√¡—ß°√∑Õß

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√â“π°“·ø Bluecup

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√â“πÕ“À“√ Grand Seaside

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∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ ‡ªìπºŸâ∫√‘À“√√â“πÕ“À“√ “¢“¢Õß‡Õ ·Õπ¥åæ’„πμà“ßª√–‡∑» ´÷Ëßªí®®ÿ∫—π¡’Õ¬Ÿà 18 “¢“ ¿“¬„μâ™◊ËÕμà“ßÊ ¥—ßπ’È 2.1 Patara Fine Thai Cuisine - ‡ªìπ√â“πÕ“À“√‰∑¬√à«¡ ¡—¬‡®“–°≈ÿà¡≈Ÿ°§â“√–¥—∫∫π ‚¥¬‡πâπ §«“¡ª√–≥’μ„π°“√π”‡ πÕ √ ™“μ‘¢ÕßÕ“À“√ °“√„Àâ∫√‘°“√ μ≈Õ¥®π√Ÿª·∫∫°“√μ°·μàß√â“π Õ“À“√¢Õß√â“π çPataraé ¡’√ ™“μ‘∑’Ë§ß‡Õ°≈—°…≥å¢ÕßÕ“À“√‰∑¬·∑âÊ ∂÷ß·¡â®–‡ªìπ√â“πÕ“À“√ ∑’Ë„Àâ∫√‘°“√·°à≈Ÿ°§â“™“«μà“ß™“μ‘ „πªï 2548 √â“πÕ“À“√ Patara “¢“≈Õπ¥Õπ ‰¥â√∫— √“ß«—≈ PM Award 2005 (Prime Ministerûs Export Award 2005) ¥â“π Best Service Provider ∑—Èß¬—ß‰¥â√—∫§”™◊Ëπ™¡ ·≈–°“√‚À«μ®“° π‘μ¬ “√™—Èππ”μà“ßÊ «à“‡ªìπ√â“πÕ“À“√‰∑¬∑’Ë¥’∑’Ë ÿ¥„π°√ÿß≈Õπ¥Õπ 2.2 Siam Kitchen - ‡ªìπ√â“πÕ“À“√‰∑¬·∫∫‡√’¬∫ßà“¬„π ‘ß§‚ª√å ‡πâπÕ“À“√®“π‡¥’¬« ∑”‡≈∑’Ëμ—Èß à«π„À≠à®–Õ¬Ÿàμ“¡Àâ“ß √√æ ‘π§â“„π·À≈àß™ÿ¡™π ‡æ◊ËÕ “¡“√∂‡¢â“∂÷ßºŸâ∫√‘‚ ¿§‰¥âßà“¬ °“√ μ°·μàß√â“π„™â√Ÿª·∫∫∑—π ¡—¬ ·μà·Ωß§«“¡‡ªìπ‰∑¬¥â«¬«— ¥ÿÕÿª°√≥å∑’Ë „™â ¬“¡§‘∑‡™àπ¡’°“√ ¢¬“¬μ—«Õ¬à“ß√«¥‡√Á« ·≈–‰¥â√—∫§«“¡π‘¬¡‡ªìπÕ¬à“ß¡“° ´÷Ëß∑“ß√â“π‰¥â√—∫‡§√◊ËÕßÀ¡“¬√—∫√Õß Œ“≈“≈ (Halal) ∑”„Àâ “¡“√∂„Àâ∫√‘°“√≈Ÿ°§â“™“«¡ÿ ≈‘¡∑’Ë¡’Õ¬Ÿà‡ªìπ®”π«π¡“°„π ‘ß§‚ª√å 2.3

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2.4 Patio - ‡ªìπ√â“πÕ“À“√Ω√—Ëß√à«¡ ¡—¬„π∫√√¬“°“» ∫“¬Ê ‡¡πŸ‡πâπÕ“À“√μ–«—πμ°∑’Ë§—¥ √√·≈â« ‚¥¬¡’‡¡πŸÕ“À“√‰∑¬∫“ß√“¬°“√´÷ßË ‡ªìπ∑’™Ë π◊Ë ™Õ∫¢Õß™“«μà“ßª√–‡∑» μ°·μàß√â“π„π·∫∫‡√’¬∫ßà“¬ ·≈–„™â«— ¥ÿμ°·μàß√â“π®“°ª√–‡∑»‰∑¬‡æ◊ËÕ· ¥ß‡Õ°≈—°…≥å¢Õß§«“¡‡ªìπ‰∑¬ μ“√“ß· ¥ß®”π«π “¢“√â“πÕ“À“√μà“ßª√–‡∑» ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ¡’¥—ßπ’È

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3. ∫√‘°“√®—¥ àßÕ“À“√∂÷ß∫â“π·≈–®—¥‡≈’È¬ßπÕ° ∂“π∑’Ë 3.1 ∫√‘…∑— œ „Àâ∫√‘°“√®—¥ àßÕ“À“√∂÷ß∫â“π ‚¥¬≈Ÿ°§â“ “¡“√∂‚∑√»—æ∑å ‰ª¬—ßÀ¡“¬‡≈¢„À¡à §◊Õ ç1344é ( ”À√—∫‡¢μ°√ÿß‡∑æ¡À“π§√ ª√‘¡≥±≈ ·≈–μà“ß®—ßÀ«—¥) ‡æ◊ËÕ —ËßÕ“À“√·≈–º≈‘μ¿—≥±åμà“ßÊ ¢Õß S&P πÕ°®“°π’È∫√‘…—∑œ ¬—ß„Àâ∫√‘°“√Õ“À“√ªîòπ‚μ ´÷Ëß¡’√“¬°“√Õ“À“√∑’Ë ≈—∫ —∫‡ª≈’Ë¬πÀ¡ÿπ‡«’¬π °—π‰ª ªí®®ÿ∫—π∫√‘°“√®—¥ àßÕ“À“√∂÷ß∫â“π‰¥â√—∫§«“¡π‘¬¡®“°≈Ÿ°§â“‡ªìπÕ¬à“ß¡“° ¡’ºŸâ∫√‘‚¿§„™â ∫√‘°“√‡ªìπ®”π«π°«à“ 1,000 √“¬°“√μàÕ«—π „πªï 2549 ∫√‘…—∑œ ¡’·ºπ®–¢¬“¬æ◊Èπ∑’Ë°“√®—¥ àß ‡æ◊ËÕμÕ∫ πÕß§«“¡μâÕß°“√¢ÕßºŸâ∫√‘‚¿§„Àâ°«â“ß¢«“ß¡“°¢÷Èπ 3.2 ∫√‘…—∑œ ¡’∫√‘°“√®—¥‡≈’È¬ßπÕ° ∂“π∑’Ë∑ÿ°ª√–‡¿∑ μ—Èß·μàß“π·μàßß“π ß“π«—π‡°‘¥ ß“πª√–™ÿ¡ —¡¡π“μà“ßÊ μ≈Õ¥®π°“√®—¥Õ“À“√°≈àÕß ”À√—∫°“√‡¥‘π∑“ßÀ√◊Õ —π∑π“°“√ ·≈–ß“π «¥ æ√–Õ¿‘∏√√¡ ‚¥¬‡ªìπ°“√„Àâ∫√‘°“√·∫∫§√∫«ß®√®“°∫√‘°√∑’¡Ë §’ «“¡™”π“≠ æ√âÕ¡∫√‘°“√®—¥‚μä– ®—¥¥Õ°‰¡â ·≈–®—¥‡μ√’¬¡Õÿª°√≥å‡§√◊ËÕß„™â∑’Ë®”‡ªìπ ”À√—∫ß“π‡≈’È¬ß ªí®®ÿ∫—π∫√‘°“√®—¥‡≈’È¬ß¡’°≈ÿà¡ ≈Ÿ°§â“ ‡™àπ Àπà«¬ß“π√“™°“√ √—∞«‘ “À°‘® ∫√‘…—∑‡Õ°™π ∂“π∑Ÿμ œ≈œ

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ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

°“√μ≈“¥ π‚¬∫“¬°“√μ≈“¥∑’Ë∫√‘…—∑œ ¬÷¥∂◊Õ‡ªìπª√—™≠“À≈—°„π°“√¥”‡π‘πß“π‡ ¡Õ¡“ §◊Õ °“√ √â“ß§«“¡æ÷ßæÕ„® „Àâ·°à≈Ÿ°§â“ ·≈–„Àâ≈Ÿ°§â“μ√–Àπ—°∂÷ß™◊ËÕ¢Õß S&P ‡¡◊ËÕπ÷°∂÷ßÕ“À“√·≈–‡∫‡°Õ√’Ë∑’Ë¡’§ÿ≥¿“æ·≈–∫√‘°“√Õ—πÕ∫Õÿàπ πà“ª√–∑—∫„® ¡°—∫§”¢«—≠ çºŸâ „Àâ∫√‘°“√™—πÈ ¬Õ¥ ·≈–º≈‘μ¿—≥±å™π—È ‡¬’¬Ë ¡é (Super Service & Premium Products) „π·«¥«ßÕ“À“√·≈–‡∫‡°Õ√’Ë¢Õß‡¡◊Õß‰∑¬ °≈¬ÿ∑∏å∑“ß°“√μ≈“¥¢Õß∫√‘…—∑·∫àß‰¥â‡ªìπ 4 ª√–‡¿∑¥—ßπ’È 1. º≈‘μ¿—≥±å·≈–∫√√®ÿ¿—≥±å ∫√‘…—∑œ ‰¥âæ—≤π“º≈‘μ¿—≥±å„À¡àÊ ∑—Èß∑“ß¥â“πÕ“À“√·≈–‡∫‡°Õ√’ËÕ¬à“ßμàÕ‡π◊ËÕß ‡æ◊ËÕμÕ∫ πÕß§«“¡ μâÕß°“√ ·≈–«‘∂’™’«‘μ¢ÕßºŸâ∫√‘‚¿§∑’Ë‡ª≈’Ë¬π·ª≈ßÕ¬Ÿàμ≈Õ¥ μ—«Õ¬à“ß¢Õßº≈‘μ¿—≥±å„À¡àÊ ∑’Ëæ—≤π“¢÷Èπ„πªï 2548 °Á ‰¥â·°à ·∫≈Á§ø≈Õ‡√ μå¥√’¡‚√≈ §ÿ°°’Èæ√’‡¡’¬¡ (√ ™’ ∫—μ‡μÕ√å·¬¡√‘ß Õ—≈¡Õπ¥å ™ÁÕ°‚°·≈μ™‘æ ·≈–Õ—≈¡Õπ¥å∫Õ≈) ‰ â°√Õ°§≈“ ‘§ (§ÁÕ°‡∑≈ ŒÕ∑¥ÁÕ° ‡«’¬ππ“) ‡∫§Õπ Õ“À“√ ”‡√Á®√Ÿª·™à·¢Áß ç‡∑ μ’È ¡’≈é (Tasty meal) º≈‘μ¿—≥±å‡®≈≈’Ë ”‡√Á®√Ÿªμ√“ ç‡®≈‘‚Õé (Jelio) ‡ªìπμâπ πÕ°®“°π’È ∫√‘…—∑œ ¬—ß‰¥âπ”‡ πÕº≈‘μ¿—≥±å¿“¬„μâ™◊ËÕÕ◊ËππÕ°‡Àπ◊Õ®“°™◊ËÕ S&P ´÷Ëß‰¥â·°à Patio, Vanilla ·≈– Delio ‡æ◊ËÕ‡ªìπ°“√¢¬“¬∞“π‰ª Ÿà°≈ÿà¡≈Ÿ°§â“„À¡àÊ Õ’°¥â«¬ ∑“ß¥â“π∫√√®ÿ¿—≥±å ∫√‘…—∑œ ¬—ß§ß¡ÿàß‡πâπ°“√æ—≤π“∫√√®ÿ¿—≥±å„Àâ∑—π ¡—¬·≈– «¬ß“¡ ‡æ◊ËÕ„Àâ ºŸ∫â √‘‚¿§ “¡“√∂‡≈◊Õ° √√ ·≈–π”‰ª‡ªìπ¢Õß¢«—≠¢Õß°”π—≈‰¥â „π∑ÿ°‚Õ°“ „Àâ ¡°—∫§”∑’«Ë “à ç ÿ¢„®ºŸâ „Àâ æÕ„®ºŸ√â ∫— é ´÷Ëß∫√√®ÿ¿—≥±å„πªï 2548 ∑’Ë ‰¥â√—∫°“√μÕ∫√—∫®“°ºŸâ∫√‘‚¿§‡ªìπÕ¬à“ß¥’ ‰¥â·°à º≈‘μ¿—≥±å Cookie Kids ¢π¡‰À«â æ√–®—π∑√å≈“¬°“√åμŸπ Disney ‡ªìπμâπ 2. °“√°”Àπ¥√“§“ ∫√‘…—∑œ ¡’π‚¬∫“¬„π°“√°”Àπ¥√“§“¢“¬º≈‘μ¿—≥±å‚¥¬§”π÷ß∂÷ßªí®®—¬μà“ßÊ ¥—ßπ’È › μâπ∑ÿπ¢Õß«—μ∂ÿ¥‘∫À≈—° ·≈–μâπ∑ÿπ„π°“√º≈‘μ › √“§“¢“¬º≈‘μ¿—≥±å¢Õß§Ÿà·¢àß À√◊Õ‡°≥±å√“§“¢“¬‚¥¬∑—Ë«‰ª„πμ≈“¥ › Õ—μ√“º≈°”‰√¢—Èπμâπ∑’ËμâÕß°“√ √â“ß®“°º≈‘μ¿—≥±å°≈ÿà¡π—ÈπÊ 3. ™àÕß∑“ß°“√®—¥®”Àπà“¬ ∫√‘…—∑œ ¡’™àÕß∑“ß°“√®—¥®”Àπà“¬À≈—°Õ¬Ÿà 5 ™àÕß∑“ß ‰¥â·°à 3.1 √â“πÕ“À“√·≈–√â“π‡∫‡°Õ√’Ë„πª√–‡∑» - ªí®®ÿ∫π— √â“πÕ“À“√„π‡§√◊Õ¢Õß S&P ¡’∑ß—È À¡¥ 85 “¢“ (√«¡√â“π Patara, Patio, Vanilla, Bluecup ·≈–¡—ß°√∑Õß) ·≈–√â“π‡∫‡°Õ√’Ë∑—ÈßÀ¡¥ 148 “¢“ ´÷Ëß°√–®“¬Õ¬Ÿà∑—Ë«ª√–‡∑» 3.2 √â“πÕ“À“√„πμà“ßª√–‡∑» - ªí®®ÿ∫π— ¡’ 18 “¢“ „π 5 ª√–‡∑» ¿“¬„μâ™Õ◊Ë Patara, Siam Kitchen, Thai ·≈– Patio

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S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

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S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

‚§√ß°“√„πÕπ“§μ °“√¢¬“¬ “¢“ ‡π◊ËÕß®“°√“¬‰¥âÀ≈—°¢Õß∫√‘…—∑œ ¡“®“°√â“πÕ“À“√·≈–‡∫‡°Õ√’Ë™ÁÕæ‡ªìπ à«π„À≠à ¥—ßπ—Èπ °“√¢¬“¬ “¢“ „π∑”‡≈∑’‡Ë À¡“– ¡®÷ß‡ªìπ‡ªÑ“À¡“¬ ”§—≠ª√–°“√Àπ÷ßË ∫√‘…∑— œ «“ß·ºπ®–¢¬“¬√â“π “¢“ ·≈–‡∫‡°Õ√’™Ë ÕÁ æÕÕ°‰ª „π∑”‡≈∑’Ë¡’°≈ÿà¡‡ªÑ“À¡“¬ —≠®√‰ª¡“§—∫§—Ëß ‡™àπ »Ÿπ¬å°“√§â“™—Èππ” ´Ÿ‡ªÕ√å¡“√å‡°μ ¥‘ ‡§“π∑å ‚μ√å ‚√ßæ¬“∫“≈ Õ“§“√ ”π—°ß“π ·≈– ∂“π’∫√‘°“√πÈ”¡—π ‚¥¬∑”‡≈∑’Ëμ—Èß®–§√Õ∫§≈ÿ¡∑—Èß„π‡¢μ°√ÿß‡∑æ¡À“π§√ ·≈–®—ßÀ«—¥ ”§—≠Ê ”À√—∫·ºπ°“√„πªï 2549 ∫√‘…—∑œ §“¥«à“®–‡ªî¥√â“πÕ“À“√ “¢“Õ’° 10 ·Ààß ·≈–‡∫‡°Õ√’Ë™ÁÕæÕ’° 25 ·Ààß √«¡∑—Èß¬—ß¡’·ºπ°“√ª√—∫ª√ÿßμ°·μàß√â“π “¢“∑’Ë¡’Õ¬Ÿà‡¥‘¡„Àâ∑—π ¡—¬ Õ¥§≈âÕß°—∫°≈ÿà¡≈Ÿ°§â“„π∑”‡≈μà“ßÊ Õ’°¥â«¬ „π à«π¢Õß “¢“μà“ßª√–‡∑» ∫√‘…—∑œ ¡’π‚¬∫“¬∑’Ë®–¢¬“¬√â“πÕ“À“√ “¢“„πμà“ßª√–‡∑»∑’Ë¡’ “¢“¢Õß ∫√‘…—∑œ Õ¬Ÿà·≈â«‡æ‘Ë¡¢÷Èπ ·≈–«“ß·ºπ®–‡ªî¥μ≈“¥„À¡àÊ „πª√–‡∑»∑’Ë¬—ß‰¡à¡’√â“πÕ“À“√ “¢“¥â«¬

°“√¢¬“¬‚√ßß“π ‚√ßß“πº≈‘μ‡∫‡°Õ√’Ë ∫√‘…—∑œ ‰¥â √â“ßÕ“§“√‚√ßº≈‘μ‰ â¢π¡™π‘¥‡§Á¡·≈–À«“π¢÷Èπ∑’Ë ‚√ßß“π∫“ßπ“-μ√“¥ Õ“§“√¥—ß°≈à“«‡ªìπ Õ“§“√∑’Ë∑—π ¡—¬ ¡’æ◊Èπ∑’Ë 1,300 μ“√“ß‡¡μ√ ∂Ÿ° ÿ¢≈—°…≥–μ“¡¡“μ√∞“π GMP (Good Manufacturing Practice) “¡“√∂√Õß√—∫°“√®—¥∑”√–∫∫ HACCP (Hazard Analysis Critical Control Point) „πÕπ“§μ‰¥â Õ“§“√¥—ß°≈à“« “¡“√∂º≈‘μ‰ â¢π¡™π‘¥‡§Á¡·≈–À«“π‡æ◊ËÕªÑÕπ„Àâ “¬°“√º≈‘μæ“¬·™à·¢Áß‰¥â∂÷ß 1,600 μ—πμàÕªï πÕ°®“°π’È ‡æ◊ËÕ¬°√–¥—∫§ÿ≥¿“æ¢Õß ‘π§â“ ∫√‘…—∑œ ¬—ß àß‡ √‘¡„Àâ®—¥∑”√–∫∫§ÿ≥¿“æμà“ßÊ ¥—ßπ’È 1. °“√¢¬“¬¢Õ∫¢à“¬ °“√μ√«® Õ∫∑“ßÀâÕßªØ‘∫—μ‘°“√ (ISO/IEC 17025) 2. °“√®—¥∑”√–∫∫ BRC (British Retail Concortium) √–∫∫§ÿ≥¿“æ ”À√—∫∏ÿ√°‘® ‘π§â“Õ“À“√§â“ª≈’° ‡æ◊ËÕ√Õß√—∫°“√ àß ‘π§â“‰ª®”Àπà“¬¬—ßª√–‡∑»Õ—ß°ƒ… 3. °“√®—¥∑”√–∫∫§ÿ≥¿“æ ISO 22000 Requirements for a Food Safety Management System

‚√ßß“πº≈‘μÕ“À“√ „πªï 2548 ∫√‘…—∑œ ‰¥â≈ß∑ÿπ √â“ßÕ“§“√º≈‘μÕ“À“√À≈—ß„À¡à ‚¥¬¡’‡ªÑ“À¡“¬∑’Ë®–¢¬“¬°”≈—ß°“√º≈‘μ º≈‘μ¿—≥±åÕ“À“√ ”‡√Á®√Ÿª·™à·¢Áß‡æ◊ËÕ°“√ àßÕÕ°‡ªìπÀ≈—° ‚¥¬Õ“§“√º≈‘μÀ≈—ß„À¡àπ’È¡’æ◊Èπ∑’Ë„™â Õ¬ª√–¡“≥ 6,000 μ“√“ß‡¡μ√ ·≈–®–‡√‘Ë¡¥”‡π‘π°“√º≈‘μ‰¥â „π‡¥◊Õπ¡’π“§¡ 2549 Õπ÷Ëß „πªï 2549 ∫√‘…—∑œ ¡’π‚¬∫“¬ àß‡ √‘¡·≈–æ—≤π“μ≈“¥ àßÕÕ° ΩÉ“¬‚√ßß“π®÷ß‰¥â°”Àπ¥‚§√ß°“√ æ—≤π“√–∫∫∫√‘À“√§ÿ≥¿“æ·≈–§«“¡ª≈Õ¥¿—¬Õ¬à“ßμàÕ‡π◊ËÕß ‚¥¬¡ÿàß‡πâπ§«“¡ª≈Õ¥¿—¬·≈–§ÿ≥¿“æÕ“À“√∑’Ë‡ªìπ ∑’æË Õ„®¢Õß≈Ÿ°§â“·≈–ºŸ∫â √‘‚¿§ √«¡∂÷ß§«“¡ª≈Õ¥¿—¬·≈–§ÿ≥¿“æ¢Õß ‘ßË ·«¥≈âÕ¡ ·≈–Õ“™’«Õπ“¡—¬¢ÕßºŸªâ Ø‘∫μ— ß‘ “π „π‚√ßß“π„Àâ¡’¡“μ√∞“π‡∑’¬∫‡∑à“√–¥—∫ “°≈ ‰¥â·°à ISO 22000 ISO 14001 OHSAS 18001

ªí®®—¬§«“¡‡ ’Ë¬ß 1. §«“¡‡ ’Ë¬ß∑’Ë‡°’Ë¬«‡π◊ËÕß°—∫π‚¬∫“¬√—∞∫“≈ „πªï∑’Ëºà“π¡“√—∞∫“≈‰¥â≈ßπ“¡„π —≠≠“‡ªî¥‡¢μ°“√§â“‡ √’°—∫À≈“¬ª√–‡∑» ´÷Ëß°“√‡ªî¥‡¢μ°“√§â“‡ √’π’È °Á¡’ à«π∑’Ë àßº≈°√–∑∫μàÕºŸâº≈‘μ ‘π§â“ª√–‡¿∑Õ“À“√ ”‡√Á®√Ÿª ·≈–¢π¡¢∫‡§’È¬«¿“¬„πª√–‡∑»Õ¬Ÿà∫â“ßæÕ ¡§«√ ‡æ√“–¡’°“√π”‡¢â“ ‘π§â“¥—ß°≈à“«‡æ‘Ë¡¡“°¢÷Èπ·≈– “¡“√∂®”Àπà“¬„π√“§“∑’Ë∂Ÿ°≈ß Õ¬à“ß‰√°Á¥’ ‡æ◊ËÕ√—°…“ à«π·∫àß ∑“ß°“√μ≈“¥ ∫√‘…—∑œ ®÷ßæ¬“¬“¡À“∑“ß≈¥μâπ∑ÿπ æ—≤π“§ÿ≥¿“æ¢Õß ‘π§â“Õ¬à“ßμàÕ‡π◊ËÕß æ—≤π“º≈‘μ¿—≥±å·≈– ∫√‘°“√„À¡àÊ μ≈Õ¥®π„Àâ§«“¡ ”§—≠°—∫°“√ÕÕ°·∫∫∫√√®ÿ¿≥ — ±å„Àâ∑π— ¡—¬ «¬ß“¡ ‡À¡“– ¡°—∫ª√–‚¬™πå„™â Õ¬ ‡æ◊ËÕ„ÀâμÕ∫ πÕß§«“¡μâÕß°“√¢Õß°≈ÿà¡≈Ÿ°§â“‡ªÑ“À¡“¬·μà≈–°≈ÿà¡‰¥â¥’¬‘Ëß¢÷Èπ

2. §«“¡‡ ’Ë¬ß∑’Ë‡°’Ë¬«°—∫μâπ∑ÿπ°“√º≈‘μ √“§“ ‘π§â“ª√–‡¿∑μà“ßÊ „π√Õ∫ªï 2548 ‰¥âª√—∫μ—«¢÷ÈπÕ¬à“ß¡“° à«πÀπ÷Ëß‡ªìπº≈¡“®“°√“§“πÈ”¡—π„π μ≈“¥‚≈°ª√—∫μ—« Ÿß¢÷Èπ «—μ∂ÿ¥‘∫∑’Ë∫√‘…—∑œ „™â „π°“√º≈‘μÀ≈“¬√“¬°“√®÷ß¡’°“√ª√—∫√“§“ Ÿß¢÷Èπ‡™àπ°—π ‡æ◊ËÕªÑÕß°—π §«“¡‡ ’Ë¬ß∑’Ë‡°’Ë¬«°—∫μâπ∑ÿπ°“√º≈‘μ ∫√‘…—∑œ ®÷ß„™â«‘∏’®—¥´◊ÈÕ«—μ∂ÿ¥‘∫®“°ºŸâ®”Àπà“¬À≈“¬√“¬ ‡æ◊ËÕ„Àâ¡—Ëπ„®«à“®–¡’ «—μ∂ÿ¥‘∫‡æ’¬ßæÕ ”À√—∫°“√º≈‘μμ“¡·ºπ°“√∑’Ë«“ß‰«â ·≈–∫√‘À“√°“√º≈‘μ„Àâ ‰¥âª√– ‘∑∏‘¿“æ Ÿß ÿ¥ ‡æ◊ËÕ√—∫¡◊Õ°—∫ √“§“μâπ∑ÿπ«—μ∂ÿ¥‘∫∑’ËÕ“®®–ª√—∫ Ÿß¢÷Èπ ∑”„Àâ∫√‘…—∑œ ®÷ß¬—ß§ß “¡“√∂√—°…“√–¥—∫º≈°”‰√„Àâ‡ªìπ∑’Ëπà“æÕ„®‰¥âÕ¬à“ß μàÕ‡π◊ËÕß

3. §«“¡‡ ’Ë¬ß®“°§«“¡º—πº«π¢ÕßÕ—μ√“·≈°‡ª≈’Ë¬π ∫√‘…—∑œ ¡’√“¬‰¥â®“°°“√¥”‡π‘π∏ÿ√°‘®√â“πÕ“À“√‰∑¬„πμà“ßª√–‡∑» ·≈–°“√ àßÕÕ°º≈‘μ¿—≥±åÕ“À“√ ”‡√Á®√Ÿª·™à·¢Áß §‘¥‡ªìπ√âÕ¬≈– 19 ¢Õß√“¬‰¥â√«¡ ´÷ËßÕ¬Ÿà „π√Ÿª‡ß‘πμ√“μà“ßª√–‡∑» °ÿ≈ ”§—≠Ê À≈“¬ °ÿ≈ Õ¬à“ß‰√°Á¥’ ∫√‘…—∑œ ‰¥âªÑÕß°—π§«“¡‡ ’Ë¬ß®“°§«“¡º—πº«π¢ÕßÕ—μ√“·≈°‡ª≈’Ë¬π‚¥¬„™—À≈—°∫√‘À“√Õ—μ√“·≈°‡ª≈’Ë¬π ·∫∫ Natural Hedge ·≈–°“√´◊ÈÕ¢“¬‡ß‘πμ√“μà“ßª√–‡∑»≈à«ßÀπâ“

4. §«“¡‡ ’Ë¬ß®“°°“√μàÕÕ“¬ÿ —≠≠“‡™à“°—∫‡®â“¢Õßæ◊Èπ∑’Ë ∫√‘…—∑œ „™âπ‚¬∫“¬‡™à“æ◊Èπ∑’Ë‡æ◊ËÕ‡ªî¥‡ªìπ√â“πÕ“À“√·≈–‡∫‡°Õ√’Ë™ÁÕæ ·≈–‡πâπ°“√‡≈◊Õ°∑”‡≈∑’Ë¡’ºŸâ§π§—∫§—Ëß ‚¥¬‡Àμÿ∑’Ë∫√‘…—∑œ ¡’™◊ËÕ‡ ’¬ß‡ªìπ∑’Ë¬Õ¡√—∫„π∏ÿ√°‘®π’È¡“¬“«π“π°«à“ 30 ªï ·≈– ‘π§â“¢Õß∫√‘…—∑œ °Á‡ªìπ∑’Ë√Ÿâ®—°Õ¬à“ß °«â“ß¢«“ß„πÀ¡ŸàºŸâ∫√‘‚¿§ àßº≈„Àâ‡®â“¢Õßæ◊Èπ∑’Ë¬‘π¥’μÕ∫√—∫°“√¢Õ‡™à“®“°∫√‘…—∑œ ·≈–„Àâ‡ß◊ËÕπ‰¢°“√‡™à“∑’Ë¥’°«à“ ®÷ß∑”„Àâ ‚Õ°“ ∑’Ë®–‰¡à ‰¥â√—∫°“√μàÕÕ“¬ÿ —≠≠“ À√◊ÕºŸâ „Àâ‡™à“®–¢Õ‡ª≈’Ë¬π·ª≈ß√“¬≈–‡Õ’¬¥ —≠≠“°“√‡™à“¡’πâÕ¬¡“°

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

‚§√ß √â“ß°“√∂◊ÕÀÿâπ À≈—°∑√—æ¬å¢Õß∫√‘…—∑ (°) Àÿπâ “¡—≠ ≥ «—π∑’Ë 9 ¡°√“§¡ 2549 ∫√‘…—∑œ ¡’∑ÿπ®¥∑–‡∫’¬π ®”π«π 525 ≈â“π∫“∑ ·∫àß‡ªìπÀÿâπ “¡—≠®”π«π 105 ≈â“πÀÿâπ ¡Ÿ≈§à“∑’Ëμ√“‰«âÀÿâπ≈– 5 ∫“∑ ‡ªìπ∑ÿπ‡√’¬°™”√–·≈â«®”π«π 434,769,000 ∫“∑ ·∫àß‡ªìπÀÿâπ “¡—≠ ®”π«π 86,953,800 Àÿâπ ¡Ÿ≈§à“∑’Ëμ√“‰«âÀÿâπ≈– 5 ∫“∑

(¢) æ—π∏–ºŸ°æ—π¢Õß∫√‘…—∑„π°“√ÕÕ°Àÿâπ„πÕπ“§μ ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ«‘ “¡—≠§√—Èß∑’Ë 1/2544 ‡¡◊ËÕ«—π∑’Ë 20 °—π¬“¬π 2544 ‰¥âÕπÿ¡—μ‘°“√ÕÕ°Àÿâπ “¡—≠„À¡à ®”π«π 10 ≈â“πÀÿâπ ¡Ÿ≈§à“∑’Ëμ√“‰«âÀÿâπ≈– 5 ∫“∑ ‡ πÕ¢“¬„Àâ°—∫ª√–™“™π∑—Ë«‰ª‡√’¬∫√âÕ¬·≈â« ·≈–Õπÿ¡—μ‘°“√ ÕÕ°„∫ ”§—≠· ¥ß ‘∑∏‘„Àâ°—∫ºŸâ∂◊ÕÀÿâπ‡¥‘¡∑’Ë¡’∫—≠™’√“¬™◊ËÕ„π ¡ÿ¥∑–‡∫’¬πºŸâ∂◊ÕÀÿâπ«—π∑’Ë 10 μÿ≈“§¡ 2544 ®”π«π 30 ≈â“πÀπà«¬ ·≈–„Àâ°—∫ª√–™“™π∑’Ë ‰¥â´◊ÈÕÀÿâπ “¡—≠‡æ‘Ë¡∑ÿπ„À¡à¢Õß∫√‘…—∑œ ¥—ß°≈à“«Õ’°®”π«π 5 ≈â“πÀπà«¬ ‚¥¬„∫ ”§—≠· ¥ß ‘∑∏‘ 1 Àπà«¬ ®–‰¥â√—∫Àÿâπ “¡—≠®”π«π 1 Àÿâπ ¡Ÿ≈§à“∑’Ëμ√“‰«âÀÿâπ≈– 5 ∫“∑ ‡¡◊ËÕ¡’°“√„™â ‘∑∏‘ „∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë√“§“„™â ‘∑∏‘ 18 ∫“∑μàÕÀÿâπ ∫√‘…—∑œ ®÷ß¡’æ—π∏–ºŸ°æ—π„π°“√ÕÕ°Àÿâπ “¡—≠ ”√Õß‰«â √ÿª‰¥â¥—ßπ’È ”√Õß‰«â‡æ◊ËÕ√Õß√—∫°“√„™â ‘∑∏‘„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë‡ πÕ¢“¬„Àâ°—∫ºŸâ∂◊ÕÀÿâπ‡¥‘¡ ®”π«π ”√Õß‰«â‡æ◊ËÕ√Õß√—∫°“√„™â ‘∑∏‘„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë‡ πÕ¢“¬„Àâ°—∫ª√–™“™π„π§√—Èßπ’È ®”π«π √«¡Àÿâπ “¡—≠ ”√Õß‰«â ®”π«π ®”π«πÀÿâπ∑’Ë®—¥ √√‡æ◊ËÕ√Õß√—∫°“√„™â ‘∑∏‘®π∂÷ß ≥ «—π∑’Ë 9 ¡°√“§¡ 2549 ·≈â« ®”π«π ¬Õ¥§ß‡À≈◊Õ¢Õß®”π«πÀÿâπ “¡—≠ ”√Õß‰«â ®”π«π

30,000,000 5,000,000 35,000,000 16,953,800 18,046,200

Àÿâπ Àÿâπ Àÿâπ Àÿâπ Àÿâπ

°≈ÿà¡ºŸâ∂◊ÕÀÿâπ√“¬„À≠à 10 √“¬·√° √“¬™◊ËÕºŸâ∂◊ÕÀÿâπ√“¬„À≠à 10 √“¬·√° ∑’Ëª√“°Ø„π ¡ÿ¥∑–‡∫’¬πºŸâ∂◊ÕÀÿâπ ≥ «—π∑’Ë 9 ¡°√“§¡ 2549 ¡’¥—ßπ’È °≈ÿ¡à ºŸ∂â Õ◊ Àÿπâ 1 2 3 4 5 6 7 8 9 10

°≈ÿà¡»‘≈“ÕàÕπ ·≈–°≈ÿà¡‰√«“ ∫√‘…—∑ »Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ ‡æ◊ËÕºŸâΩ“° THAILAND SECURITIES DEPOSITORY COMPANY LIMITED FOR DEPOSITORS π“ß ÿ¿“æ√√≥ æ‘™—¬√≥√ß§å ß§√“¡ ∫√‘…—∑ °√ÿß‡∑æª√–°—π¿—¬ ®”°—¥ (¡À“™π) π“ß®ÿÃ“¡≥’ ®—°√æ—π∏ÿå ≥ Õ¬ÿ∏¬“ π“ß‡æ™√®—π∑√å μ‘√≥ «— ¥‘Ï ∫√‘…—∑ ‰μ√¿√“¥“ ®”°—¥ π“¬æ‘√‘¬– «—™®‘μæ—π∏å ¡.√.«. ‡¥◊Õπ‡¥àπ °‘μ‘¬“°√

®”π«πÀÿπâ

√âÕ¬≈–

38,600,222 31,225,624

44.39 35.91

9,408,940 2,469,000 606,600 500,000 250,658 216,446 200,000 160,000

10.82 2.84 0.07 0.58 0.29 0.25 0.23 0.18

π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈ ∫√‘…—∑œ ¡’π‚¬∫“¬∑’Ë®–®à“¬‡ß‘πªíπº≈∑ÿ°ªï „πÕ—μ√“ª√–¡“≥√âÕ¬≈– 60 ¢Õß°”‰√ ÿ∑∏‘À≈—ßÀ—°¿“…’ ‚¥¬ ¢÷ÈπÕ¬Ÿà°—∫¿“«–‡»√…∞°‘®·≈–º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑‡ªìπÀ≈—° à«ππ‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈¢Õß∫√‘…—∑¬àÕ¬ ®–æ‘®“√≥“®“°¿“«–‡»√…∞°‘®·≈–º≈°“√¥”‡π‘πß“π‡™àπ°—π

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

°“√®—¥°“√·≈–°“√°”°—∫¥Ÿ·≈°‘®°“√ ‚§√ß √â“ß°“√®—¥°“√ ‚§√ß √â“ß°√√¡°“√¡’ 3 ™ÿ¥ §◊Õ §≥–°√√¡°“√ §≥–°√√¡°“√μ√«® Õ∫ ·≈–§≥–°√√¡°“√∫√‘À“√ ¡’√“¬≈–‡Õ’¬¥¥—ßπ’È

§≥–°√√¡°“√∫√‘…—∑ ≥ «—π∑’Ë 23 ¡°√“§¡ 2549 ∫√‘…—∑œ ¡’°√√¡°“√∑—ÈßÀ¡¥®”π«π 11 ∑à“π ª√–°Õ∫¥â«¬ 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.

π“ß¿—∑√“ »‘≈“ÕàÕπ √âÕ¬‚∑«√“°√ ‰√«“ π“¬ª√–‡«»«ÿ≤‘ ‰√«“ π“¬¢®√‡¥™ ‰√«“ π“ßæ—π∑‘æ“ ‰√«“ π“¬æ®πå «‘‡∑μ¬πμ√°‘® π“ß “«§—∑≈’¬“ · ß»“ μ√“ π“¬‡ª√¡ ‚™μ‘«“π‘™ π“ß “«‚ ¿“«¥’ Õÿμμ‚¡∫≈ π“¬¥ÿ ‘μ ππ∑–π“§√ π“ß‡°… ÿ¥“ ‰√«“

ª√–∏“π°√√¡°“√ √Õßª√–∏“π°√√¡°“√ °√√¡°“√ºŸâ®—¥°“√„À≠à °√√¡°“√ °√√¡°“√ °√√¡°“√ °√√¡°“√Õ‘ √– °√√¡°“√Õ‘ √– °√√¡°“√Õ‘ √– °√√¡°“√Õ‘ √– °√√¡°“√·≈–‡≈¢“πÿ°“√∫√‘…—∑

§≥–°√√¡°“√μ√«® Õ∫ §≥–°√√¡°“√ ‰¥â¡’¡μ‘·μàßμ—Èß§≥–°√√¡°“√μ√«® Õ∫ μ“¡¡μ‘∑’Ëª√–™ÿ¡§≥–°√√¡°“√§√—Èß∑’Ë 2/2547 ‡¡◊ËÕ«—π∑’Ë 17 æƒ…¿“§¡ 2547 ‚¥¬§≥–°√√¡°“√μ√«® Õ∫ª√–°Õ∫¥â«¬ 1. π“ß “«§—∑≈’¬“ · ß»“ μ√“ ª√–∏“π°√√¡°“√μ√«® Õ∫ 2. π“¬‡ª√¡ ‚™μ‘«“π‘™ °√√¡°“√μ√«® Õ∫ 3. π“ß “«‚ ¿“«¥’ Õÿμμ‚¡∫≈ °√√¡°“√μ√«® Õ∫

§≥–°√√¡°“√∫√‘À“√ §≥–°√√¡°“√ ‰¥â¡¡’ μ‘·μàßμ—ßÈ §≥–°√√¡°“√∫√‘À“√ μ“¡¡μ‘∑ª’Ë √–™ÿ¡§≥–°√√¡°“√§√—ßÈ ∑’Ë 5/2544 ‡¡◊ÕË «—π∑’Ë 20 °—π¬“¬π 2544 ‚¥¬§≥–°√√¡°“√∫√‘À“√ 6 ∑à“π ª√–°Õ∫¥â«¬ 1. √âÕ¬‚∑«√“°√ ‰√«“ ª√–∏“π°√√¡°“√∫√‘À“√ 2. π“ß¿—∑√“ »‘≈“ÕàÕπ °√√¡°“√∫√‘À“√ 3. π“¬¢®√‡¥™ ‰√«“ °√√¡°“√∫√‘À“√

4. π“¬ª√–‡«»«ÿ≤‘ ‰√«“ 5. π“ßæ—π∑‘æ“ ‰√«“ 6. π“ß‡°… ÿ¥“ ‰√«“

°√√¡°“√∫√‘À“√ °√√¡°“√∫√‘À“√ °√√¡°“√∫√‘À“√

§≥–ºŸâ∫√‘À“√ ≥ «—π∑’Ë 1 ¡°√“§¡ 2549 ∫√‘…—∑œ ¡’ºŸâ∫√‘À“√®”π«π 11 ∑à“π ª√–°Õ∫¥â«¬ 1. √âÕ¬‚∑«√“°√ ‰√«“ ª√–∏“π°√√¡°“√∫√‘À“√ 2. π“¬ª√–‡«»«ÿ≤‘ ‰√«“ °√√¡°“√ºŸâ®—¥°“√„À≠à √ÕßºŸâ®—¥°“√„À≠à “¬ªØ‘∫—μ‘°“√ 3. π“ß¿—∑√“ »‘≈“ÕàÕπ °√√¡°“√∫√‘À“√ 4. π“¬¢®√‡¥™ ‰√«“ °√√¡°“√∫√‘À“√ 5. π“ßæ—π∑‘æ“ ‰√«“ °√√¡°“√∫√‘À“√ 6. π“ß‡°… ÿ¥“ ‰√«“ °√√¡°“√∫√‘À“√ √—°…“°“√ √ÕßºŸâ®—¥°“√„À≠à “¬∫—≠™’°“√‡ß‘π 7. π“ß “«¬ÿæ¥’ ¥”√‘ÀåÕπ—πμå ∑’Ëª√÷°…“Õ“«ÿ‚ ª√–®”ΩÉ“¬∫√‘°“√®—¥‡≈’È¬ß 8. π“¬ ÿ«‘™ ªí≠≠“«’√å √ÕßºŸâ®—¥°“√„À≠à “¬°“√º≈‘μ‡∫‡°Õ√’Ë 9. π“ß‰æ≈‘π π‘¡‘μ¬ß °ÿ≈ √ÕßºŸâ®—¥°“√„À≠à “¬°“√º≈‘μÕ“À“√ √ÕßºŸâ®—¥°“√„À≠à “¬«‘®—¬·≈–æ—≤π“ 10. π“¬ ÿ√—μ‘ ‡´π¬å«‘∫Ÿ≈¬å √ÕßºŸâ®—¥°“√„À≠à “¬°“√μ≈“¥·≈–°“√¢“¬ 11. π“ß°¡≈πÿ™ ™—¬ ‘∑∏‘°ÿ≈ √ÕßºŸâ®—¥°“√„À≠à “¬∫√‘À“√·≈–æ—≤π“∑√—æ¬“°√∫ÿ§§≈ (√“¬≈–‡Õ’¬¥¢Õß°√√¡°“√·≈–ºŸâ∫√‘À“√∑ÿ°∑à“πª√“°Ø„π‡Õ° “√·π∫)

π“¬¢®√‡¥™ ‰√«“ °√√¡°“√∫√‘À“√

√âÕ¬‚∑«√“°√ ‰√«“ √Õßª√–∏“π°√√¡°“√ ª√–∏“π°√√¡°“√∫√‘À“√

π“¬ª√–‡«»«ÿ≤‘ ‰√«“ °√√¡°“√ºŸâ®—¥°“√„À≠à °√√¡°“√∫√‘À“√ √ÕßºŸâ®—¥°“√„À≠à “¬ªØ‘∫—μ‘°“√

π“ß¿—∑√“ »‘≈“ÕàÕπ ª√–∏“π°√√¡°“√ °√√¡°“√∫√‘À“√

™◊ËÕ - °ÿ≈ / μ”·Àπàß

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ª√‘≠≠“μ√’ ∫—≠™’∫—≥±‘μ ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ (æ.≥.) ª√–°“»π’¬∫—μ√ Director Certification Program ¡“§¡ àß‡ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬

ª√‘≠≠“μ√’ Political Science ¡À“«‘∑¬“≈—¬Õ‘π‡¥’¬πà“ ª√–‡∑» À√—∞Õ‡¡√‘°“ ‚§√ß°“√Õ∫√¡ ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ › Modern Managers Program (MMP) › Modern Maketing Management (MMM)

ª√‘≠≠“‚∑ M.A. (Economics) ¡À“«‘∑¬“≈—¬Õ‘π‡¥’¬πà“ ª√–‡∑» À√—∞Õ‡¡√‘°“ ª√‘≠≠“μ√’ ‡»√…∞»“ μ√å∫—≥±‘μ (‡°’¬√μ‘π‘¬¡ Õ—π¥—∫ 2) ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬

ª√‘≠≠“‡Õ°°‘μμ‘¡»—°¥‘Ï Doctor in Letters (Honorary) Pine Manor College, Massachusetts, U.S.A. ª√‘≠≠“μ√’ ∫√‘À“√∏ÿ√°‘® ¡À“«‘∑¬“≈—¬∫Õ μ—π ª√–‡∑» À√—∞Õ‡¡√‘°“

§ÿ≥«ÿ≤°‘ “√»÷°…“

4.37

5.75

2.91

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πâÕß™“¬§π∑’Ë 3

πâÕß™“¬§π∑’Ë 1

æ’Ë “«§π‚μ

—¥ à«π §«“¡ —¡æ—π∏å∑“ß °“√∂◊ÕÀÿâπ §√Õ∫§√—«√–À«à“ß (√âÕ¬≈–) ºŸâ∫√‘À“√

‡Õ° “√·π∫ 1 : √“¬≈–‡Õ’¬¥‡°’Ë¬«°—∫ºŸâ∫√‘À“√·≈–ºŸâ¡’Õ”π“®§«∫§ÿ¡¢Õß∫√‘…—∑œ

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2549 - ªí®®ÿ∫—π °√√¡°“√∫√‘À“√ 2546 - 2548 °√√¡°“√ºŸâ®—¥°“√„À≠à

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2549 - ªí®®ÿ∫—π ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ °√√¡°“√ºŸâ®—¥°“√„À≠à (¡À“™π) / ∏ÿ√°‘®‡°’Ë¬«°—∫Õ“À“√ 2546 - 2548 °√√¡°“√√ÕßºŸâ®—¥°“√„À≠à

∑—Èß 5 ªï √Õßª√–∏“π°√√¡°“√

∑—Èß 5 ªï ª√–∏“π°√√¡°“√

™à«ß‡«≈“ / μ”·Àπàß

ª√– ∫°“√≥å∑”ß“π„π√–¬– 5 ªï¬âÕπÀ≈—ß (‡©æ“–∑’Ë‡°’Ë¬«¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…—∑œ)

S&P SYNDICATE PUBLIC COMPANY LIMITED

ANNUAL REPORT 2005

π“¬‡ª√¡ ‚™μ‘«“π‘™ °√√¡°“√μ√«® Õ∫

π“ß‡°… ÿ¥“ ‰√«“ °√√¡°“√·≈–‡≈¢“πÿ°“√∫√‘…—∑ °√√¡°“√∫√‘À“√ √—°…“°“√ √ÕßºŸâ®—¥°“√„À≠à “¬∫—≠™’ °“√‡ß‘π

π“ß “«§—∑≈’¬“ · ß»“ μ√“ ª√–∏“π°√√¡°“√μ√«® Õ∫

π“ßæ—π∑‘æ“ ‰√«“ °√√¡°“√∫√‘À“√

™◊ËÕ - °ÿ≈ / μ”·Àπàß

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ª√‘≠≠“μ√’ «».∫. ‰øøÑ“ (‡°’¬√μ‘π‘¬¡) ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ ª√–°“»π’¬∫—μ√ › Insead Executive Programma (The European Institute) › The Job of Executive (IMEDE - LAUSANNG)

ª√‘≠≠“μ√’ ∫—≠™’ (‡°’¬√μ‘π‘¬¡) ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ ‚§√ß°“√Õ∫√¡ › Controllership ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å › Management Development Program JJ Kellogg North Western University

ª√‘≠≠“‚∑ ‡»√…∞»“ μ√å ¡À“«‘∑¬“≈—¬πÕ√å∏Õ‘ ‡∑‘√åπ ∫Õ μ—π, ª√–‡∑» À√—∞Õ‡¡√‘°“ ª√‘≠≠“μ√’ ∫√‘À“√∏ÿ√°‘® °“√‡ß‘π·≈–°“√∏π“§“√ «‘∑¬“≈—¬Õ— —¡™—≠∫√‘À“√∏ÿ√°‘®

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2542 - ªí®®ÿ∫π— °√√¡°“√μ√«® Õ∫

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∑—Èß 5 ªï °√√¡°“√·≈– ‡≈¢“πÿ°“√∫√‘…∑—

∑—Èß 5 ªï °√√¡°“√∫√‘À“√

™à«ß‡«≈“ / μ”·Àπàß

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∫√‘…—∑ / ª√–‡¿∑∏ÿ√°‘®

ª√– ∫°“√≥å∑”ß“π„π√–¬– 5 ªï¬âÕπÀ≈—ß (‡©æ“–∑’Ë‡°’Ë¬«¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…—∑œ)

π“¬¥ÿ ‘μ ππ∑–π“§√ °√√¡°“√Õ‘ √–

π“¬æ®πå «‘‡∑μ¬πμ√°‘® °√√¡°“√

π“ß “«‚ ¿“«¥’ Õÿμμ‚¡∫≈ °√√¡°“√μ√«® Õ∫

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ª√‘≠≠“‚∑ ∫√‘À“√∏ÿ√°‘® ¡À“«‘∑¬“≈—¬Œ“√å«“√å¥ ª√–‡∑» À√—∞Õ‡¡√‘°“ ª√‘≠≠“μ√’ ‡»√…∞»“ μ√å ¡À“«‘∑¬“≈—¬‡¬≈ ª√–‡∑» À√—∞Õ‡¡√‘°“ ª√–°“»π’¬∫—μ√ Director Certification Program ¡“§¡ àß‡ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ Õ¡√∫À≈—° Ÿμ√ Chairman (RCM) ¡“§¡ àß‡ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬

ª√‘≠≠“‚∑ «‘»«°√√¡»“ μ√å “¢“«‘»«°√√¡‚§√ß √â“ß ¡À“«‘∑¬“≈—¬·Ààß√—∞‚Õ‰Œ‚Õ ª√‘≠≠“‚∑ ∫√‘À“√∏ÿ√°‘® ¡À“«‘∑¬“≈—¬·§≈‘øÕ√å‡π’¬ ≈Õ ·Õπ‡®≈‘ ª√–°“»π’¬∫—μ√ Director Certification Program ¡“§¡ àß‡ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬

ª√‘≠≠“‚∑ ∫√‘À“√∏ÿ√°‘® ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ ª√‘≠≠“μ√’ π‘μ‘»“ μ√å∫—≥±‘μ ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å ª√–°“»π’¬∫—μ√ Director Accreditation Program ¡“§¡ àß‡ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬

§ÿ≥«ÿ≤°‘ “√»÷°…“

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2549 - ªí®®ÿ∫—π °√√¡°“√ 2545 - 2549 °√√¡°“√ºŸâ®—¥°“√ 2540 - 2544 °√√¡°“√ºŸâ®—¥°“√ 2540 √—∞¡πμ√’™à«¬«à“°“√ °√–∑√«ßæ“≥‘™¬å

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2544 - ªí®®ÿ∫—π °√√¡°“√μ√«® Õ∫

™à«ß‡«≈“ / μ”·Àπàß

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∫√‘…—∑ / ª√–‡¿∑∏ÿ√°‘®

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S&P SYNDICATE PUBLIC COMPANY LIMITED

ANNUAL REPORT 2005

π“¬ ÿ«‘™ ªí≠≠“«’√å √ÕßºŸ®â ¥— °“√„À≠à “¬°“√º≈‘μ‡∫‡°Õ√’Ë

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—¥ à«π §«“¡ —¡æ—π∏å∑“ß °“√∂◊ÕÀÿâπ §√Õ∫§√—«√–À«à“ß (√âÕ¬≈–) ºŸâ∫√‘À“√

2548 - ªí®®ÿ∫—π √ÕßºŸ®â ¥— °“√„À≠à “¬«‘®—¬·≈–æ—≤π“ 2546 - ªí®®ÿ∫—π √ÕßºŸ®â ¥— °“√„À≠à “¬º≈‘μÕ“À“√ 2544 - 2546 √ÕßºŸâ®—¥°“√„À≠à ΩÉ“¬ π«—μ°√√¡·≈–¥â“π°ÆÀ¡“¬

2545 - ªí®®ÿ∫—π √ÕßºŸ®â ¥— °“√„À≠à “¬°“√º≈‘μ‡∫‡°Õ√’Ë 2541 - 2544 √Õß°√√¡°“√ºŸâ®—¥°“√ 2540 - 2542 √—°…“°“√°√√¡°“√ºŸâ®—¥°“√

2549 - ªí®®ÿ∫—π ∑’Ëª√÷°…“Õ“«ÿ‚ ª√–®”ΩÉ“¬∫√‘°“√®—¥‡≈’È¬ß 2542 - 2548 √ÕßºŸ®â ¥— °“√„À≠à “¬æ—≤π“∏ÿ√°‘®·≈–®—¥‡≈’È¬ß

™à«ß‡«≈“ / μ”·Àπàß

∫√‘…—∑ ¬Ÿπ‘≈’‡«Õ√å ‡∫ ∑åøŸ¥ å ®”°—¥ / ∏ÿ√°‘®‡°’Ë¬«°—∫Õ“À“√

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) / ∏ÿ√°‘®‡°’Ë¬«°—∫Õ“À“√

∫√‘…—∑ ‰¥π“ μ’È‡´√“¡‘§ ®”°—¥ (¡À“™π) / ∏ÿ√°‘®‡°’Ë¬«°—∫«— ¥ÿ°àÕ √â“ß ∫√‘…—∑ ‰¥π“ μ’È‡´√“¡‘§ ®”°—¥ (¡À“™π) / ∏ÿ√°‘®‡°’Ë¬«°—∫«— ¥ÿ°àÕ √â“ß

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) / ∏ÿ√°‘®‡°’Ë¬«°—∫Õ“À“√

∫√‘…—∑ / ª√–‡¿∑∏ÿ√°‘®

ª√– ∫°“√≥å∑”ß“π„π√–¬– 5 ªï¬âÕπÀ≈—ß (‡©æ“–∑’Ë‡°’Ë¬«¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…—∑œ)

π“¬ ÿ√—μ‘ ‡´π¬å«‘∫Ÿ≈¬å √ÕßºŸâ®—¥°“√„À≠à “¬°“√μ≈“¥ ·≈–°“√¢“¬

π“ß°¡≈πÿ™ ™—¬ ‘∑∏‘°ÿ≈ √ÕßºŸâ®—¥°“√„À≠à “¬∫√‘À“√ ·≈–æ—≤π“∑√—æ¬“°√∫ÿ§§≈

™◊ËÕ - °ÿ≈ / μ”·Àπàß

Õ“¬ÿ (ªï)

ª√‘≠≠“‚∑ - ∫√‘À“√∏ÿ√°‘® ¡À“«‘∑¬“≈—¬‡´Áπ∑√—≈ ‡μ∑ ‡ÕÁ¥¡àÕπ ‚Õ§≈“‚Œ¡à“ ª√–‡∑» À√—∞Õ‡¡√‘°“ ª√‘≠≠“μ√’ - √—∞»“ μ√å∫—≥±‘μ (‡°’¬√μ‘π‘¬¡) ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬

ª√‘≠≠“‚∑ - °“√μ≈“¥¡À“∫—≥±‘μ ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å (‡°’¬√μ‘π‘¬¡) ª√‘≠≠“μ√’ - æ“≥‘™¬»“ μ√å∫—≥±‘μ “¢“°“√μ≈“¥ ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å

§ÿ≥«ÿ≤°‘ “√»÷°…“

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‰¡à¡’

—¥ à«π §«“¡ —¡æ—π∏å∑“ß °“√∂◊ÕÀÿâπ §√Õ∫§√—«√–À«à“ß (√âÕ¬≈–) ºŸâ∫√‘À“√

2548 - ªí®®ÿ∫—π √ÕßºŸ®â ¥— °“√„À≠à “¬∫√‘À“√·≈–æ—≤π“ ∑√—æ¬“°√∫ÿ§§≈ 2544 - 2548 ºŸâ®—¥°“√ΩÉ“¬∑√—æ¬“°√∫ÿ§§≈

2548 - ªí®®ÿ∫—π √ÕßºŸ®â ¥— °“√„À≠à “¬°“√μ≈“¥·≈–°“√¢“¬ 2544 - 2547 ºŸâ®—¥°“√∑—Ë«‰ª 2543 - 2544 √ÕßºŸ®â ¥— °“√„À≠à ·ºπ°‡§‡μÕ√å·æ≈π

™à«ß‡«≈“ / μ”·Àπàß

°≈ÿà¡∫√‘…—∑ ‡™≈≈å „πª√–‡∑»‰∑¬ ·≈– ª√–‡∑»¡“‡≈‡´’¬ / ∏ÿ√°‘®‡°’Ë¬«°—∫æ≈—ßß“π

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) / ∏ÿ√°‘®‡°’Ë¬«°—∫Õ“À“√

∫√‘…—∑ §Õ√åπ‚ª√¥—° å Õ”¡“¥ä“ (ª√–‡∑»‰∑¬) ®”°—¥ / ∏ÿ√°‘®‡°’¬Ë «°—∫Õ“À“√ ∫√‘…—∑ ¬Ÿπ‘≈’‡«Õ√å ‡∫ ∑åøŸ¥ å ®”°—¥ / ∏ÿ√°‘®‡°’Ë¬«°—∫Õ“À“√

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) / ∏ÿ√°‘®‡°’Ë¬«°—∫Õ“À“√

∫√‘…—∑ / ª√–‡¿∑∏ÿ√°‘®

ª√– ∫°“√≥å∑”ß“π„π√–¬– 5 ªï¬âÕπÀ≈—ß (‡©æ“–∑’Ë‡°’Ë¬«¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…—∑œ)

S&P SYNDICATE PUBLIC COMPANY LIMITED

ANNUAL REPORT 2005

·ºπ¿Ÿ¡‘‚§√ß √â“ß°“√®—¥°“√ §≥–°√√¡°“√∫√‘…—∑

§≥–°√√¡°“√∫√‘À“√

°√√¡°“√ºŸâ®—¥°“√„À≠à (π“¬ª√–‡«»«ÿ≤‘ ‰√«“)

§≥–®—¥°“√

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“¬∫√‘À“√·≈–æ—≤π“ ∑√—æ¬“°√∫ÿ§§≈ (π“ß°¡≈πÿ™ ™—¬ ‘∑∏‘°ÿ≈)

“¬∫—≠™’·≈–°“√‡ß‘π (π“ß‡°… ÿ¥“ ‰√«“)

“¬°“√μ≈“¥ ·≈–°“√¢“¬ (π“¬ ÿ√—μ‘ ‡™π¬å«‘∫Ÿ≈¬å)

“¬«‘®—¬·≈–æ—≤π“ (π“ß‰æ≈‘π π‘¡‘μ¬ß °ÿ≈)

“¬ªØ‘∫—μ‘°“√ (π“¬ª√–‡«»«ÿ≤‘ ‰√«“)

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“¬°“√º≈‘μÕ“À“√ (π“ß‰æ≈‘π π‘¡‘μ¬ß °ÿ≈)

“¬°“√º≈‘μ‡∫‡°Õ√’Ë (π“¬ ÿ«‘™ ªí≠≠“«’√å)

”π—°°√√¡°“√ ºŸâ®—¥°“√„À≠à (π“ß‡°…»‘√‘ °Ÿâ‡°’¬√μ‘π—π∑å)

”π—°‡∑§‚π‚≈¬’ “√ π‡∑» (¡.≈. ≈◊Õ»—°¥‘Ï ®—°√æ—π∏ÿå)

ΩÉ“¬®—¥À“ ·≈–∫√‘°“√ (π“ß≈¥“«—≈¬å æ‘æ—≤πå ÿ√‘¬–)

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

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3. Õ∫∂“¡∂÷ß√–¥—∫§«“¡‡ ’Ë¬ß∑’Ë ”§—≠ μ≈Õ¥®π«‘∏’∫√√‡∑“§«“¡‡ ’Ë¬ß„Àâ≈¥πâÕ¬≈ß®“°ºŸâ∫√‘À“√ ”π—° μ√«® Õ∫¿“¬„π·≈–ºŸâ Õ∫∫—≠™’ 4. Õ∫∑“π·≈–æ‘®“√≥“√à«¡°—∫ºŸâ Õ∫∫—≠™’·≈– ”π—°μ√«® Õ∫¿“¬„π ‡æ◊ËÕ¬◊π¬—π∂÷ß§«“¡‡æ’¬ßæÕ¢Õß √–∫∫§«∫§ÿ¡¿“¬„π 5. Õ∫∑“π°“√ªØ‘∫—μ‘ß“π¢Õß∫√‘…—∑œ „Àâ‡ªìπ‰ªμ“¡π‚¬∫“¬∑’Ë°”Àπ¥‰«â À√◊Õ°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å ·≈–μ≈“¥À≈—°∑√—æ¬å À√◊Õ¢âÕ°”Àπ¥¢Õßμ≈“¥À≈—°∑√—æ¬å À√◊Õ¢âÕ°”Àπ¥¢ÕßÀπà«¬°”°—∫¥Ÿ·≈ 6. Õ∫∑“πß∫°“√‡ß‘π·≈–À¡“¬‡Àμÿß∫°“√‡ß‘π°—∫ΩÉ“¬®—¥°“√ ºŸâ Õ∫∫—≠™’ ·≈– ”π—°μ√«® Õ∫¿“¬„π °àÕπ∑’Ë®–π” àß„ÀâÀπà«¬ß“π°”°—∫¥Ÿ·≈ 7. ®—¥∑”√“¬ß“π· ¥ß∂÷ß§«“¡√—∫º‘¥™Õ∫·≈–°“√ªØ‘∫—μ‘ß“π¢Õß§≥–°√√¡°“√μ√«® Õ∫ ‡ πÕ§≥– °√√¡°“√·≈–„π√“¬ß“πª√–®”ªï¢Õß∫√‘…—∑œ 8. „Àâ¡’Àπâ“∑’ËÕ◊ËππÕ°‡Àπ◊Õ®“°∑’Ë°”Àπ¥‰«â¢â“ßμâπ ∑—Èßπ’È μ“¡¢âÕ∫—ß§—∫ °ÆÀ¡“¬ À√◊Õ§” —Ëß¢Õß§≥– °√√¡°“√∫√‘…—∑

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S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

§à“μÕ∫·∑πºŸâ∫√‘À“√ §à“μÕ∫·∑π∑’Ë‡ªìπμ—«‡ß‘π √“¬°“√

®”π«π (∑à“π)

ªï 2547 (≈â“π∫“∑)

®”π«π (∑à“π)

ªï 2548 (≈â“π∫“∑)

√“¬≈–‡Õ’¬¥§à“μÕ∫·∑π

11 15

13.25 19.53

11 17

15.10 22.46

∫”‡ÀπÁ®·≈–‡∫’È¬ª√–™ÿ¡ ‡ß‘π‡¥◊Õπ ‡ß‘π‚∫π— §à“æ“Àπ–

°√√¡°“√ ºŸ∫â √‘À“√ §à“μÕ∫·∑πÕ◊ËπÊ › ‰¡à¡’ ›

∑—ßÈ π’È Õ“®·¬°§à“μÕ∫·∑π¢Õß°√√¡°“√‡ªìπ√“¬∫ÿ§§≈ Õ—π‰¥â·°à ∫”‡ÀπÁ®·≈–‡∫’¬È ª√–™ÿ¡ ´÷ßË ‰¥â√∫— „π∞“π– ‡ªìπ°√√¡°“√∫√‘…—∑∑—Èß∑’Ë‡ªìπμ—«‡ß‘π·≈–º≈ª√–‚¬™πåμÕ∫·∑πÕ◊Ëπ ¡’√“¬≈–‡Õ’¬¥¥—ßπ’È 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13.

π“ß¿—∑√“ »‘≈“ÕàÕπ √âÕ¬‚∑«√“°√ ‰√«“ π“¬¢®√‡¥™ ‰√«“ π“¬ª√–‡«»«ÿ≤‘ ‰√«“ π“¬æ®πå «‘‡∑μ¬πμ√°‘® (‡¢â“‡ªìπ°√√¡°“√‡¡◊ËÕ«—π∑’Ë 18 ¡°√“§¡ 2549) π“ß “«§—∑≈’¬“ · ß»“ μ√“ π“¬‡ª√¡ ‚™μ‘«“π‘™ π“ß “«‚ ¿“«¥’ Õÿμμ‚¡∫≈ π“¬¥ÿ ‘μ ππ∑–π“§√ (‡¢â“‡ªìπ°√√¡°“√‡¡◊ËÕ«—π∑’Ë 19 ‡¡…“¬π 2548) π“ßæ—π∑‘æ“ ‰√«“ π“ß‡°… ÿ¥“ ‰√«“ π“ß ÿ¿“æ√√≥ æ‘™—¬√≥√ß§å ß§√“¡ (ÕÕ°®“°°√√¡°“√‡¡◊ËÕ«—π∑’Ë 19 ‡¡…“¬π 2548) π“ßæ√æ‘‰≈ ‰√«“ (ÕÕ°®“°°√√¡°“√‡¡◊ËÕ«—π∑’Ë 10 ¡°√“§¡ 2549) √«¡∑—ßÈ ‘πÈ

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°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ 15 ¢âÕ §≥–°√√¡°“√‡¢â“„® ∫∑∫“∑ Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√∑’Ë¡’μàÕ∫√‘…—∑·≈–ºŸâ∂◊ÕÀÿâπ ·≈– ‰¥âªØ‘∫—μ‘μ“¡¢âÕæ÷ßªØ‘∫—μ‘∑’Ë¥’ ”À√—∫°√√¡°“√∫√‘…—∑®¥∑–‡∫’¬π∑’Ë‡ªìπ‰ªμ“¡·π«∑“ß¢Õßμ≈“¥À≈—°∑√—æ¬å ‰¡à«à“®– ‡ªìπ°“√°”Àπ¥„Àâ¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ “√ π‡∑»μàÕºŸâ≈ß∑ÿπ À√◊Õ°“√¢ÕÕπÿ¡—μ‘®“°∑’Ëª√–™ÿ¡§≥–°√√¡°“√„π°“√ ‡¢â“∑”√“¬°“√μà“ßÊ ¢Õß∫√‘…∑— œ Õ¬à“ß‰√°Áμ“¡ §≥–°√√¡°“√¬—ß¡‘‰¥âªØ‘∫μ— „‘ π‡√◊ÕË ß°“√æ‘®“√≥“·μàßμ—ßÈ §≥–°√√¡°“√ √√À“ (Nominating Committee) ·≈–§≥–°√√¡°“√°”Àπ¥§à“μÕ∫·∑π°√√¡°“√ (Remuneration Committee) ·μà ‰¥âæ‘®“√≥“·μàßμ—Èß§≥–°√√¡°“√μ√«® Õ∫ ‡æ◊ËÕ™à«¬¥Ÿ·≈√–∫∫°“√§«∫§ÿ¡¿“¬„π„Àâ‡ªìπ‰ªμ“¡∫∑∫“∑·≈– Àπâ“∑’Ë∑’Ë°”Àπ¥ μ≈Õ¥®π°“√ªØ‘∫—μ‘μ“¡À≈—°°“√°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ 15 ¢âÕ ‚¥¬¡’√“¬≈–‡Õ’¬¥¥—ßπ’È

1. π‚¬∫“¬‡°’Ë¬«°—∫°“√°”°—∫¥Ÿ·≈°‘®°“√ §≥–°√√¡°“√‰¥â°”Àπ¥π‚¬∫“¬‡°’Ë¬«°—∫°“√°”°—∫¥Ÿ·≈°‘®°“√ ‡π◊ËÕß®“°‡ÀÁπ«à“‡ªìπ ‘Ëß∑’Ë¡’§«“¡ ”§—≠ ·≈–®”‡ªìπμàÕ°“√¥”‡π‘π∏ÿ√°‘®„Àâ¡’°“√‡®√‘≠‡μ‘∫‚μ∑’Ë¬—Ëß¬◊π §≥–°√√¡°“√∫√‘…—∑¡’§«“¡¡ÿàß¡—Ëπ·≈–μ—Èß„®∑’Ë®–ªØ‘∫—μ‘ μ“¡À≈—°°“√¥—ß°≈à“« ‚¥¬‰¥â°”Àπ¥π‚¬∫“¬·≈–∑‘»∑“ß°“√¥”‡π‘πß“π¢Õß∫√‘…∑— „Àâ§«“¡ ”§—≠μàÕ√–∫∫°“√§«∫§ÿ¡ ·≈–°“√μ√«® Õ∫¿“¬„π °”°—∫¥Ÿ·≈ΩÉ“¬∫√‘À“√„Àâ¥”‡π‘π°“√μ“¡π‚¬∫“¬Õ¬à“ß¡’ª√– ‘∑∏‘¿“æ ‡æ◊ËÕª√–‚¬™πå„π √–¬–¬“«¢ÕßºŸâ∂◊ÕÀÿâπ ¿“¬„μâ°√Õ∫¢âÕ°”Àπ¥°ÆÀ¡“¬ ·≈–®√‘¬∏√√¡∑“ß∏ÿ√°‘®

2. ‘∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπ „πªï 2548 ∫√‘…—∑¡’°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ 1 §√—Èß ‡ªìπ°“√ª√–™ÿ¡ “¡—≠ª√–®”ªï 2548 ‚¥¬°“√ª√–™ÿ¡‰¥â®—¥ ∑’ËÀâÕßª√–™ÿ¡ ‡Õ ·Õπ¥å æ’ “¢“∫“ßæ≈’ (∫“ßπ“-μ√“¥ °¡. 23) ¢Õß∫√‘…—∑ ·≈–∫√‘…—∑‰¥â®—¥ àßÀπ—ß ◊Õπ—¥ª√–™ÿ¡ æ√âÕ¡∑—Èß¢âÕ¡Ÿ≈ª√–°Õ∫ª√–™ÿ¡μ“¡«“√–μà“ßÊ „ÀâºŸâ∂◊ÕÀÿâπ∑√“∫≈à«ßÀπâ“°àÕπ«—πª√–™ÿ¡ 7 «—π ‚¥¬„π·μà≈–«“√– ¡’§«“¡‡ÀÁπ¢Õß§≥–°√√¡°“√ª√–°Õ∫ ·≈–¡’°“√∫—π∑÷°°“√ª√–™ÿ¡∂Ÿ°μâÕß§√∫∂â«π ‡æ◊ËÕ„ÀâºŸâ∂◊ÕÀÿâπ “¡“√∂ μ√«® Õ∫‰¥â

3. ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬ ∫√‘…—∑‰¥â „Àâ§«“¡ ”§—≠μàÕ ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°°≈ÿà¡ ‚¥¬¡’√“¬≈–‡Õ’¬¥ ¥—ßπ’È › æπ—°ß“π ∫√‘…—∑‰¥âªØ‘∫—μ‘°—∫æπ—°ß“πÕ¬à“ß‡∑à“‡∑’¬¡ ‡ªìπ∏√√¡ ·≈–„Àâº≈μÕ∫·∑π∑’Ë‡À¡“– ¡ › §Ÿà§â“ ∫√‘…—∑¡’°“√´◊ÈÕ ‘π§â“·≈–∫√‘°“√®“°§Ÿà§â“‡ªìπ‰ªμ“¡‡ß◊ËÕπ‰¢∑“ß°“√§â“ √«¡∂÷ß°“√ªØ‘∫—μ‘μ“¡ —≠≠“μàÕ§Ÿà§â“ › ‡®â“Àπ’È ∫√‘…—∑ªØ‘∫—μ‘μ“¡‡ß◊ËÕπ‰¢°“√°Ÿâ¬◊¡‡ß‘πμ“¡¢âÕμ°≈ß › ≈Ÿ°§â“ ∫√‘…—∑‡Õ“„®„ à·≈–√—∫º‘¥™Õ∫μàÕ≈Ÿ°§â“ º≈‘μ ‘π§â“∑’Ë¡’§ÿ≥¿“æ·≈–¡“μ√∞“π √—°…“§«“¡≈—∫¢Õß ≈Ÿ°§â“ ·≈–¡’Àπà«¬ß“πÀ√◊Õ∫ÿ§§≈∑’Ë∑”Àπâ“∑’Ë√—∫¢âÕ√âÕß‡√’¬π¢Õß≈Ÿ°§â“ ‡æ◊ËÕ√’∫¥”‡π‘π°“√„Àâ·°à≈Ÿ°§â“ ‚¥¬‡√Á«∑’Ë ÿ¥

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› §Ÿà·¢àß ∫√‘…—∑ª√–æƒμ‘μ“¡°√Õ∫°μ‘°“°“√·¢àß¢—π∑’Ë¥’ √—°…“∫√√∑—¥∞“π¢Õß¢âÕæ÷ßªØ‘∫—μ‘„π°“√·¢àß¢—π À≈’°‡≈’Ë¬ß«‘∏’°“√‰¡à ÿ®√‘μ‡æ◊ËÕ∑”≈“¬§Ÿà·¢àß › ™ÿ¡™π ¡’§«“¡√—∫º‘¥™Õ∫μàÕ ¿“æ·«¥≈âÕ¡¢Õß™ÿ¡™π ·≈– —ß§¡ ∑—Èßπ’È ∫√‘…—∑®–ªØ‘∫—μ‘μ“¡¢âÕ°”Àπ¥¢Õß°ÆÀ¡“¬·≈–°Æ√–‡∫’¬∫μà“ßÊ ∑’Ë‡°’Ë¬«¢âÕß ‡æ◊ËÕ„Àâ ‘∑∏‘¢ÕßºŸâ¡’ à«π ‰¥â‡ ’¬‡À≈à“π’È ‰¥â√—∫°“√¥Ÿ·≈Õ¬à“ß¥’

4. °“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ „π°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ„πªï 2548 ¡’°√√¡°“√‡¢â“√à«¡ª√–™ÿ¡∑—Èß ‘Èπ 10 ∑à“π ´÷Ëß√«¡∂÷ß§≥–°√√¡°“√ μ√«® Õ∫∑—Èß 3 ∑à“π ´÷Ëß„π°“√ª√–™ÿ¡ª√–∏“π„π∑’Ëª√–™ÿ¡‰¥â‡ªî¥‚Õ°“ „ÀâºŸâ∂◊ÕÀÿâπ¡’ ‘∑∏‘‡∑à“‡∑’¬¡°—π„π°“√ μ√«® Õ∫°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ Õ∫∂“¡·≈–· ¥ß§«“¡§‘¥‡ÀÁπ·≈–¢âÕ‡ πÕ·π–μà“ßÊ √«¡∑—Èß‰¥â∫—π∑÷° ª√–‡¥Áπ´—°∂“¡·≈–¢âÕ§‘¥‡ÀÁπ∑’Ë ”§—≠‰«â „π√“¬ß“π°“√ª√–™ÿ¡·≈â«

5. ¿“«–ºŸâπ”·≈–«‘ —¬∑—»πå › §≥–°√√¡°“√‰¥â¡’ à«π√à«¡„π°“√°”Àπ¥ (À√◊Õ„Àâ§«“¡‡ÀÁπ™Õ∫) «‘ —¬∑—»πå ¿“√°‘® °≈¬ÿ∑∏å ‡ªÑ“À¡“¬ ·ºπ∏ÿ√°‘® ·≈–ß∫ª√–¡“≥¢Õß∫√‘…—∑ μ≈Õ¥®π°”°—∫¥Ÿ·≈„ÀâΩÉ“¬∫√‘À“√¥”‡π‘π°“√„Àâ‡ªìπ‰ªμ“¡·ºπ ∏ÿ√°‘®·≈–ß∫ª√–¡“≥∑’Ë°”Àπ¥‰«âÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ·≈–ª√– ‘∑∏‘º≈ ‡æ◊ËÕ‡æ‘Ë¡¡Ÿ≈§à“∑“ß‡»√…∞°‘® Ÿß ÿ¥„Àâ·°à°‘®°“√ ·≈–§«“¡¡—Ëπ§ß Ÿß ÿ¥„Àâ·°àºŸâ∂◊ÕÀÿâπ › §≥–°√√¡°“√‰¥â®—¥„Àâ∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π °“√μ√«® Õ∫¿“¬„π ·≈–¡“μ√°“√∫√‘À“√ §«“¡‡ ’Ë ¬ ß √«¡∑—È ß ¡’ ° “√μ‘ ¥ μ“¡°“√¥”‡π‘ π °“√„π‡√◊Ë Õ ß¥— ß °≈à “ «Õ¬à “ ß ¡Ë” ‡ ¡Õ„π°“√ª√–™ÿ ¡ §≥–°√√¡°“√μ√«® Õ∫·≈–§≥–°√√¡°“√∫√‘…—∑ › §≥–°√√¡°“√‡ªì π ºŸâ æ‘®“√≥“°“√°”Àπ¥·≈–·¬°∫∑∫“∑Àπâ“∑’Ë ·≈–§«“¡√— ∫º‘¥™Õ∫√–À«à“ ß §≥–°√√¡°“√ ·≈–§≥–°√√¡°“√∫√‘À“√Õ¬à“ß™—¥‡®π ¥—ß√“¬≈–‡Õ’¬¥„πÀ—«¢âÕ‚§√ß √â“ß°√√¡°“√∫√‘…∑— › §≥–°√√¡°“√°”°—∫¥Ÿ·≈„Àâ§≥–°√√¡°“√∫√‘À“√¥”‡π‘π°“√μ“¡π‚¬∫“¬∑’Ë°”Àπ¥‰«â ·≈–°√≥’¡’ √“¬°“√∑’Ë¡’§«“¡¢—¥·¬âßÀ√◊Õ¡’ à«π‰¥â‡ ’¬ √«¡∑—Èß√“¬°“√∑’ËμâÕß¢Õ§«“¡‡ÀÁπ®“°ºŸâ∂◊ÕÀÿâπ ∫√‘…—∑‰¥â ¥”‡π‘π°“√μ“¡¢âÕ°”Àπ¥¢Õß °≈μ. ·≈–μ≈“¥À≈—°∑√—æ¬å

6. §«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ‡æ◊ÕË ªÑÕß°—π§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå §≥–°√√¡°“√‰¥â¥·Ÿ ≈Õ¬à“ß√Õ∫§Õ∫‡¡◊ÕË ‡°‘¥√“¬°“√∑’ÕË “®¡’§«“¡ ¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ‚¥¬°”Àπ¥‰«â „π¢âÕ∫—ß§—∫¢Õß∫√‘…∑— ∑’§Ë ≥–°√√¡°“√®–μâÕßªØ‘∫μ— μ‘ “¡¢âÕ°”Àπ¥¢Õß °≈μ. ·≈–μ≈“¥À≈—°∑√—æ¬åÕ¬à“ß‡§√àß§√—¥ √«¡∑—Èß‰¥â°”Àπ¥„Àâ¡’°“√√“¬ß“π°“√‡ª≈’Ë¬π·ª≈ß°“√∂◊ÕÀ≈—°∑√—æ¬åμàÕ°“√ ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑∑ÿ°§√—Èß „πÀ—«‡√◊ËÕß°“√¥Ÿ·≈°“√„™â¢âÕ¡Ÿ≈¿“¬„π

7. ®√‘¬∏√√¡∏ÿ√°‘® ∫√‘…—∑‰¥â àß‡ √‘¡„Àâ§≥–°√√¡°“√ °√√¡°“√∫√‘À“√ ·≈–æπ—°ß“π ºŸâ´÷Ëß‡°’Ë¬«¢âÕßªØ‘∫—μ‘Àπâ“∑’Ë‡°’Ë¬«°—∫ ®√√¬“∫√√≥μ“¡¿“√°‘®¢Õß∫√‘…—∑¥â«¬§«“¡´◊ËÕ —μ¬å ÿ®√‘μ ·≈–‡∑’Ë¬ß∏√√¡ ∑—Èß°“√ªØ‘∫—μ‘μàÕ∫√‘…—∑ ·≈–ºŸâ¡’ à«π ‰¥â‡ ’¬∑ÿ°°≈ÿà¡ “∏“√≥™π —ß§¡ ·≈–≈Ÿ°§â“ ‚¥¬∫√‘…—∑‰¥âμ‘¥μàÕ ◊ËÕ “√°—∫æπ—°ß“πÕ¬à“ß ¡Ë”‡ ¡Õ ·≈–μ‘¥μ“¡ °“√ªØ‘∫—μ‘μ“¡·π«∑“ß¥—ß°≈à“«‡ªìπª√–®” √«¡∂÷ß°”Àπ¥∫∑≈ß‚∑…∑“ß«‘π—¬‰«â¥â«¬

8. °“√∂à«ß¥ÿ≈¢Õß°√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√ §≥–°√√¡°“√∫√‘…—∑¡’®”π«π 11 ∑à“π ª√–°Õ∫¥â«¬ › °√√¡°“√∑’Ë‡ªìπºŸâ∫√‘À“√ 6 ∑à“π › °√√¡°“√Õ◊Ëπ 1 ∑à“π › °√√¡°“√∑’Ë‡ªìπÕ‘ √– 4 ∑à“π §‘¥‡ªìπÕ—μ√“ à«π‡°‘π°«à“ 1 „π 3 ¢Õß°√√¡°“√∑—Èß§≥– §”π‘¬“¡ ç°√√¡°“√Õ‘ √–é °√√¡°“√Õ‘ √– À¡“¬∂÷ß ∫ÿ§§≈∑’Ë¡’§ÿ≥ ¡∫—μ‘§√∫∂â«π·≈–¡’§«“¡‡ªìπÕ‘ √–μ“¡∑’Ëμ≈“¥À≈—°∑√—æ¬å·Ààß ª√–‡∑»‰∑¬‰¥â°”Àπ¥ °≈à“«§◊Õ › ∂◊ÕÀÿâπ‰¡à‡°‘π√âÕ¬≈– 5 ¢Õß∑ÿπ™”√–·≈â«¢Õß∫√‘…—∑ ∫√‘…—∑„π‡§√◊Õ ∫√‘…—∑√à«¡ ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß › ‡ªìπ°√√¡°“√∑’Ë ‰¡à¡’ à«π√à«¡„π°“√∫√‘À“√ß“π ‰¡à‡ªìπ≈Ÿ°®â“ß æπ—°ß“π À√◊Õ∑’Ëª√÷°…“∑’Ë ‰¥â√—∫‡ß‘π‡¥◊Õπ ª√–®”®“°∫√‘…—∑ ∫√‘…—∑„π‡§√◊Õ ∫√‘…—∑√à«¡ ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß À√◊ÕºŸâ∂◊ÕÀÿâπ√“¬„À≠à „π√–¬–‡«≈“∑’Ë ºà“π¡“·≈â«‰¡àπâÕ¬°«à“ 1 ªï › ‡ªìπ°√√¡°“√∑’Ë ‰¡à¡’º≈ª√–‚¬™πåÀ√◊Õ à«π‰¥â‡ ’¬‰¡à«à“∑“ßμ√ßÀ√◊Õ∑“ßÕâÕ¡ ∑—Èß„π¥â“π°“√‡ß‘π·≈– °“√∫√‘À“√ß“π„π∫√‘…—∑ ∫√‘…—∑„π‡§√◊Õ ∫√‘…—∑√à«¡ ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß › ‡ªìπ°√√¡°“√∑’Ë ‰¡à„™à‡ªìπºŸâ‡°’Ë¬«¢âÕßÀ√◊Õ≠“μ‘ π‘∑¢ÕßºŸâ∫√‘À“√À√◊ÕºŸâ∂◊ÕÀÿâπ√“¬„À≠à › ‡ªìπ°√√¡°“√∑’Ë ‰¡à ‰¥â√—∫°“√·μàßμ—Èß¢÷Èπ‡ªìπμ—«·∑π‡æ◊ËÕ√—°…“º≈ª√–‚¬™πå¢Õß°√√¡°“√∫√‘…—∑ ºŸâ∂◊ÕÀÿâπ √“¬„À≠à À√◊ÕºŸâ∂◊ÕÀÿâπ´÷Ëß‡ªìπºŸâ∑’Ë‡°’Ë¬«¢âÕß°—∫ºŸâ∂◊ÕÀÿâπ√“¬„À≠à πÕ°®“°π’È·≈â« ¬—ßμâÕß “¡“√∂· ¥ß§«“¡‡ÀÁπÀ√◊Õ√“¬ß“π‰¥âÕ¬à“ß‡ √’μ“¡¿“√°‘®∑’Ë ‰¥â¡Õ∫À¡“¬ ‚¥¬ ‰¡àμâÕß§”π÷ß∂÷ßº≈ª√–‚¬™πå„¥Ê ∑’Ë‡°’Ë¬«°—∫∑√—æ¬å ‘πÀ√◊Õμ”·ÀπàßÀπâ“∑’Ë ·≈–‰¡àμ°Õ¬Ÿà¿“¬„μâÕ‘∑∏‘æ≈¢Õß∫ÿ§§≈ À√◊Õ°≈ÿà¡∫ÿ§§≈„¥Ê √«¡∑—Èß‰¡à¡’ ∂“π°“√≥å„¥Ê ∑’Ë®–¡“∫’∫∫—ß§—∫„Àâ ‰¡à “¡“√∂· ¥ß§«“¡‡ÀÁπ‰¥âμ“¡∑’Ëæ÷ß®–‡ªìπ

9. °“√√«¡À√◊Õ·¬°μ”·Àπàß › ª√–∏“π°√√¡°“√‡ªìπμ—«·∑π¢Õß°≈ÿà¡ºŸâ∂◊ÕÀÿâπ√“¬„À≠à ´÷Ëß∂◊ÕÀÿâπ√âÕ¬≈– 44.39 ¢ÕßÀÿâπ∑—ÈßÀ¡¥ › ª√–∏“π°√√¡°“√‰¡à‡ªìπ∫ÿ§§≈‡¥’¬«°—π°—∫°√√¡°“√ºŸ®â ¥— °“√ ·μà∑ß—È Õß∑à“π‡ªìπμ—«·∑π®“°°≈ÿ¡à ºŸ∂â Õ◊ Àÿπâ „À≠à°≈ÿà¡‡¥’¬«°—π Õ¬à“ß‰√°Áμ“¡ ‚§√ß √â“ß§≥–°√√¡°“√¢Õß∫√‘…—∑ª√–°Õ∫¥â«¬°√√¡°“√∑’Ë‡ªìπÕ‘ √– ¡“°°«à“ 1 „π 3 ¢Õß°√√¡°“√∑—Èß§≥– ´÷Ëß®–∑”„Àâ‡°‘¥°“√∂à«ß¥ÿ≈·≈–°“√ Õ∫∑“π°“√∫√‘À“√ß“π

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ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

10. §à“μÕ∫·∑π°√√¡°“√·≈–ºŸâ∫√‘À“√ §à“μÕ∫·∑π°√√¡°“√‡ªìπ‰ªμ“¡À≈—°°“√·≈–π‚¬∫“¬∑’§Ë ≥–°√√¡°“√∫√‘…∑— °”Àπ¥ ´÷ßË ‡™◊ÕË ¡‚¬ß°—∫º≈°“√ ¥”‡π‘πß“π¢Õß∫√‘…—∑ ¥Ÿ√“¬≈–‡Õ’¬¥À—«¢âÕ‡√◊ËÕß§à“μÕ∫·∑πºŸâ∫√‘À“√ ∑—Èßπ’È ∫”‡ÀπÁ®§≥–°√√¡°“√‰¥â¡’°“√π”‡ πÕ ¢ÕÕπÿ¡—μ‘®“°∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ∑ÿ°§√—Èß

11. °“√ª√–™ÿ¡§≥–°√√¡°“√ §≥–°√√¡°“√¡’°”Àπ¥ª√–™ÿ¡‚¥¬ª°μ‘‡ªìπª√–®”Õ¬à“ßπâÕ¬∑ÿ°Ê ‰μ√¡“ ·≈–¡’°“√ª√–™ÿ¡æ‘‡»…‡æ‘Ë¡ μ“¡§«“¡®”‡ªìπ ‚¥¬¡’°“√°”Àπ¥«“√–™—¥‡®π≈à«ßÀπâ“ ·≈–¡’«“√–æ‘®“√≥“μ‘¥μ“¡º≈°“√¥”‡π‘πß“π‡ªìπª√–®” ΩÉ“¬‡≈¢“πÿ°“√∫√‘…—∑‰¥â®—¥Àπ—ß ◊Õ‡™‘≠ª√–™ÿ¡ æ√âÕ¡√–‡∫’¬∫«“√–°“√ª√–™ÿ¡·≈–‡Õ° “√„Àâ§≥–°√√¡°“√°àÕπ °“√ª√–™ÿ¡ ‡æ◊ÕË „Àâ§≥–°√√¡°“√‰¥â¡‡’ «≈“»÷°…“¢âÕ¡Ÿ≈Õ¬à“ß‡æ’¬ßæÕ°àÕπ‡¢â“√à«¡ª√–™ÿ¡ ª°μ‘°“√ª√–™ÿ¡·μà≈–§√—ßÈ ®–„™â‡«≈“ª√–¡“≥ 2 ™—Ë«‚¡ß ‚¥¬„πªï 2548 ∑’Ëºà“π¡“ §≥–°√√¡°“√¡’°“√ª√–™ÿ¡®”π«π 4 §√—Èß ∑—Èßπ’È ‰¥â¡’ °“√®¥∫—π∑÷°°“√ª√–™ÿ¡‡ªìπ≈“¬≈—°…≥åÕ—°…√ ®—¥‡°Á∫√“¬ß“π°“√ª√–™ÿ¡∑’Ëºà“π°“√√—∫√Õß®“°§≥–°√√¡°“√ æ√âÕ¡„Àâ§≥–°√√¡°“√·≈–ºŸâ∑’Ë‡°’Ë¬«¢âÕßμ√«® Õ∫‰¥â ∑—Èßπ’È ®”π«π§√—Èß∑’Ë§≥–°√√¡°“√∫√‘…—∑‰¥â‡¢â“√à«¡ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑„πªï 2548 ∑’Ëºà“π¡“ ¡’¥—ßπ’È 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13.

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12. §≥–Õπÿ°√√¡°“√ §≥–°√√¡°“√∫√‘…—∑‰¥â·μàßμ—ÈßÕπÿ°√√¡°“√‡æ◊ËÕ™à«¬„π°“√°”°—∫¥Ÿ·≈°‘®°“√¢Õß∫√‘…—∑ ¥—ßπ’È °√√¡°“√μ√«® Õ∫ ®—¥μ—ßÈ ¢÷πÈ ‡¡◊ÕË «—π∑’Ë 17 æƒ…¿“§¡ 2547 ¡’«“√–°“√¥”√ßμ”·Àπàß§√“«≈– 2 ªï ª√–°Õ∫ ¥â«¬°√√¡°“√ 3 ∑à“π ·≈–‡≈¢“πÿ°“√ 1 ∑à“π ∑ÿ°∑à“π‡ªìπ°√√¡°“√∑’Ë‡ªìπÕ‘ √– ¥—ß√“¬™◊ËÕ¥—ßμàÕ‰ªπ’È 1. π“ß “«§—∑≈’¬“ · ß»“ μ√“ ª√–∏“π 2. π“¬‡ª√¡ ‚™μ‘«“π‘™ °√√¡°“√ 3. π“ß “«‚ ¿“«¥’ Õÿμμ‚¡∫≈ °√√¡°“√ 4. π“ß‡°…»‘√‘ °Ÿâ‡°’¬√μ‘π—π∑å ‡≈¢“πÿ°“√ °√√¡°“√μ√«® Õ∫¡’°“√ª√–™ÿ¡ ¡Ë”‡ ¡Õ „πªï 2548 ¡’°“√ª√–™ÿ¡∑—Èß ‘Èπ 4 §√—Èß ·≈–√“¬ß“πμàÕ§≥– °√√¡°“√∫√‘…∑— ”À√—∫Àπâ“∑’æË ®‘ “√≥“·≈–¥”‡π‘π°“√ ¥Ÿ√“¬≈–‡Õ’¬¥À—«¢âÕ°“√®—¥°“√ à«π¢Õß¢Õ∫‡¢μ Õ”π“®Àπâ“∑’Ë ∑—ßÈ π’È ®”π«π§√—ßÈ ∑’§Ë ≥–°√√¡°“√μ√«® Õ∫‰¥â‡¢â“√à«¡ª√–™ÿ¡§≥–°√√¡°“√μ√«® Õ∫„πªï 2548 ∑’ºË “à π¡“ ¡’¥—ßπ’È 1. π“ß “«§—∑≈’¬“ · ß»“ μ√“ 2. π“¬‡ª√¡ ‚™μ‘«“π‘™ 3. π“ß “«‚ ¿“«¥’ Õÿμμ‚¡∫≈

®”π«π (§√—Èß) 4/4 3/4 3/4

13. √–∫∫°“√§«∫§ÿ¡·≈–°“√μ√«® Õ∫¿“¬„π ∫√‘…—∑‰¥â „Àâ§«“¡ ”§—≠μàÕ√–∫∫§«∫§ÿ¡¿“¬„π∑—Èß„π√–¥—∫∫√‘À“√ ·≈–√–¥—∫ªØ‘∫—μ‘ß“π∑’Ë¡’ª√– ‘∑∏‘¿“æ ®÷ß‰¥â°”Àπ¥¿“√–Àπâ“∑’Ë Õ”π“®°“√¥”‡π‘π°“√¢ÕßºŸâªØ‘∫—μ‘ß“π ºŸâ∫√‘À“√ ‰«â‡ªìπ≈“¬≈—°…≥åÕ—°…√Õ¬à“ß™—¥‡®π ¡’ °“√§«∫§ÿ¡¥Ÿ·≈°“√„™â∑√—æ¬å ‘π¢Õß∫√‘…—∑„Àâ‡°‘¥ª√–‚¬™πå ·≈–¡’°“√·∫àß·¬°Àπâ“∑’ËºŸâªØ‘∫—μ‘ß“π ºŸâμ‘¥μ“¡§«∫§ÿ¡ ·≈–ª√–‡¡‘πº≈ÕÕ°®“°°—π ‡æ◊ËÕ„Àâ‡°‘¥°“√∂à«ß¥ÿ≈·≈–μ√«® Õ∫√–À«à“ß°—πÕ¬à“ß‡À¡“– ¡ πÕ°®“°π’È¬—ß¡’°“√ §«∫§ÿ¡¿“¬„π∑’‡Ë °’¬Ë «°—∫√–∫∫‡ß‘π ‚¥¬∫√‘…∑— ‰¥â®¥— „Àâ¡√’ –∫∫√“¬ß“π∑“ß°“√‡ß‘π‡ πÕºŸ∫â √‘À“√ “¬ß“π∑’√Ë ∫— º‘¥™Õ∫ ∫√‘…—∑¡’ΩÉ“¬μ√«® Õ∫¿“¬„π ∑”Àπâ“∑’Ëμ√«® Õ∫„Àâ¡—Ëπ„®«à“°“√ªØ‘∫—μ‘ß“πÀ≈—°·≈–°‘®°√√¡∑“ß°“√‡ß‘π ”§—≠¢Õß∫√‘…—∑‰¥â¥”‡π‘π°“√μ“¡·π«∑“ß∑’Ë°”Àπ¥·≈–¡’ª√– ‘∑∏‘¿“æ √«¡∂÷ßμ√«® Õ∫°“√ªØ‘∫—μ‘μ“¡°ÆÀ¡“¬ ·≈–¢âÕ°”Àπ¥∑’Ë‡°’Ë¬«°—∫∫√‘…—∑ (Compliace Control) ·≈–‡æ◊ËÕ„ÀâÀπà«¬ß“πμ√«® Õ∫¿“¬„π¡’§«“¡‡ªìπÕ‘ √– “¡“√∂∑”Àπâ“∑’Ëμ√«® Õ∫·≈–∂à«ß¥ÿ≈‰¥âÕ¬à“ß‡μÁ¡∑’Ë §≥–°√√¡°“√®÷ß°”Àπ¥„ÀâΩÉ“¬μ√«® Õ∫¿“¬„π√“¬ß“πº≈ °“√μ√«® Õ∫‚¥¬μ√ßμàÕ§≥–°√√¡°“√μ√«® Õ∫ ·≈–‰¥â√—∫°“√ª√–‡¡‘πº≈ß“π®“°§≥–°√√¡°“√μ√«® Õ∫¥â«¬

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

14. √“¬ß“π¢Õß§≥–°√√¡°“√ §≥–°√√¡°“√∫√‘…—∑‡ªìπºŸâ√—∫º‘¥™Õ∫μàÕß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ·≈– “√ π‡∑»∑“ß °“√‡ß‘π∑’ªË √“°Ø„π√“¬ß“πª√–®”ªï ß∫°“√‡ß‘π¥—ß°≈à“«®—¥∑”¢÷πÈ μ“¡¡“μ√∞“π°“√∫—≠™’∑√’Ë ∫— √Õß∑—«Ë ‰ª„πª√–‡∑»‰∑¬ ‚¥¬‡≈◊Õ°„™âπ‚¬∫“¬∫—≠™’∑‡’Ë À¡“– ¡·≈–∂◊ÕªØ‘∫μ— Õ‘ ¬à“ß ¡Ë”‡ ¡Õ ·≈–„™â¥≈ÿ ¬æ‘π®‘ Õ¬à“ß√–¡—¥√–«—ß·≈–ª√–¡“≥°“√ ∑’Ë¥’∑’Ë ÿ¥„π°“√®—¥∑” √«¡∑—Èß¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ”§—≠Õ¬à“ß‡æ’¬ßæÕ„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π §≥–°√√¡°“√‰¥â®—¥„Àâ¡’°“√¥”√ß√—°…“‰«â´÷Ëß√–∫∫§«∫§ÿ¡¿“¬„π∑’Ë¡’ª√– ‘∑∏‘¿“æ ‡æ◊ËÕ„Àâ¡—Ëπ„®‰¥âÕ¬à“ß¡’ ‡Àμÿº≈«à“°“√∫—π∑÷°¢âÕ¡Ÿ≈∑“ß∫—≠™’¡’§«“¡∂Ÿ°μâÕß §√∫∂â«π ·≈–‡æ’¬ßæÕ∑’Ë®–¥”√ß√—°…“‰«â´÷Ëß∑√—æ¬å ‘π ·≈–‡æ◊ËÕ „Àâ∑√“∫®ÿ¥ÕàÕπ‡æ◊ËÕªÑÕß°—π‰¡à „Àâ‡°‘¥°“√∑ÿ®√‘μÀ√◊Õ°“√¥”‡π‘π°“√∑’Ëº‘¥ª°μ‘Õ¬à“ß¡’ “√– ”§—≠ „π°“√π’È §≥–°√√¡°“√∫√‘…∑— ‰¥â·μàßμ—ßÈ §≥–°√√¡°“√μ√«® Õ∫ ´÷ßË ª√–°Õ∫¥â«¬°√√¡°“√∑’Ë ‰¡à‡ªìπºŸ∫â √‘À“√ ‡ªìπºŸâ¥Ÿ·≈√—∫º‘¥™Õ∫‡°’Ë¬«°—∫§ÿ≥¿“æ¢Õß√“¬ß“π∑“ß°“√‡ß‘π·≈–√–∫∫§«∫§ÿ¡¿“¬„π ·≈–§«“¡‡ÀÁπ¢Õß§≥– °√√¡°“√μ√«® Õ∫‡°’¬Ë «°—∫‡√◊ÕË ßπ’È ª√“°Ø„π√“¬ß“π¢Õß§≥–°√√¡°“√μ√«® Õ∫´÷ßË · ¥ß‰«â„π√“¬ß“πª√–®”ªï·≈â« §≥–°√√¡°“√¡’§«“¡‡ÀÁπ«à“√–∫∫§«∫§ÿ¡¿“¬„π¢Õß∫√‘…∑— ‚¥¬√«¡Õ¬Ÿà„π√–¥—∫∑’πË “à æÕ„® ·≈– “¡“√∂ √â“ß §«“¡‡™◊ËÕ¡—ËπÕ¬à“ß¡’‡Àμÿº≈μàÕ§«“¡‡™◊ËÕ∂◊Õ‰¥â¢Õßß∫°“√‡ß‘π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548

15. §«“¡ —¡æ—π∏å°—∫ºŸâ≈ß∑ÿπ §≥–°√√¡°“√∫√‘…—∑μ√–Àπ—°¥’«à“¢âÕ¡Ÿ≈¢Õß∫√‘…—∑œ ∑—Èß∑’Ë‡°’Ë¬«°—∫°“√‡ß‘π·≈–∑’Ë ‰¡à „™à°“√‡ß‘π≈â«π¡’º≈μàÕ °√–∫«π°“√μ—¥ ‘π„®¢ÕßºŸâ≈ß∑ÿπ·≈–ºŸâ∑’Ë¡’ à«π‰¥â‡ ’¬¢Õß∫√‘…—∑œ ®÷ß‰¥â°”™—∫„ÀâΩÉ“¬∫√‘À“√¥”‡π‘π°“√„π‡√◊ËÕß∑’Ë ‡°’Ë¬«°—∫°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈∑’Ë§√∫∂â«π μ√ßμàÕ§«“¡‡ªìπ®√‘ß ‡™◊ËÕ∂◊Õ‰¥â ¡Ë”‡ ¡Õ ·≈–∑—π‡«≈“ ´÷ËßΩÉ“¬∫√‘À“√¢Õß ∫√‘…—∑œ ‰¥â „Àâ§«“¡ ”§—≠·≈–¬÷¥∂◊ÕªØ‘∫—μ‘¡“‚¥¬μ≈Õ¥„π à«π¢Õßß“π¥â“πºŸâ≈ß∑ÿπ —¡æ—π∏åπ—Èπ ∫√‘…—∑¬—ß‰¡à ‰¥â®—¥μ—Èß Àπà«¬ß“π¢÷Èπ‡©æ“– ·μà ‰¥â¡Õ∫À¡“¬„Àâ√ÕßºŸâ®—¥°“√„À≠à “¬∫—≠™’°“√‡ß‘π·≈–√–∫∫ ∑”Àπâ“∑’Ëμ‘¥μàÕ ◊ËÕ “√°—∫ ºŸâ≈ß∑ÿπ ∂“∫—π ºŸâ∂◊ÕÀÿâπ √«¡∑—Èßπ—°«‘‡§√“–Àå·≈–¿“§√—∞∑’Ë‡°’Ë¬«¢âÕß ‡π◊ËÕß®“°°‘®°√√¡„π‡√◊ËÕß¥—ß°≈à“«¬—ß‰¡à¡“°π—° ´÷ËßºŸâ≈ß∑ÿπ “¡“√∂μ‘¥μàÕ¢Õ∑√“∫¢âÕ¡Ÿ≈∫√‘…—∑œ ‰¥â∑’Ë ‚∑√. 0-2381-3412-29 À√◊Õ∑’Ë website www.sandp.co.th À√◊Õ∑’Ë e-mail address kessuda@snpfood.com

°“√„™â¢âÕ¡Ÿ≈¿“¬„π ∫√‘…—∑œ ¡’π‚¬∫“¬Àâ“¡°√√¡°“√·≈–ºŸâ∫√‘À“√„π°“√π”¢âÕ¡Ÿ≈¿“¬„π‡°’Ë¬«°—∫∞“π–°“√‡ß‘π·≈–º≈°“√ ¥”‡π‘πß“π¢Õß∫√‘…—∑œ ´÷Ëß¬—ß‰¡à‡ªî¥‡º¬μàÕ “∏“√≥™π‰ª„™â‡æ◊ËÕ· «ßÀ“º≈ª√–‚¬™πå à«πμ—« √«¡∑—Èß°“√´◊ÈÕ¢“¬ À≈—°∑√—æ¬å ‚¥¬®–„Àâ√—∫∑√“∫‡©æ“–μàÕ∫ÿ§§≈∑’Ë‡°’Ë¬«¢âÕß‡∑à“π—Èπ®π°«à“®–‰¥â¡’°“√‡ªî¥‡º¬μàÕºŸâ≈ß∑ÿπÀ√◊Õ∫ÿ§§≈ ¿“¬πÕ°·≈â« „πªí®®ÿ∫—π∫√‘…—∑¬—ß‰¡à¡’°“√°”Àπ¥«‘∏’°“√¥Ÿ·≈ºŸâ∫√‘À“√ „π°“√π”¢âÕ¡Ÿ≈¿“¬„π¢Õß∫√‘…—∑œ ‰ª„™â‡æ◊ËÕ ª√–‚¬™πå à«πμπ‚¥¬™—¥‡®π Õ¬à“ß‰√°Á¥’ ∫√‘…—∑œ ‰¥â¥”‡π‘π°“√·®âß„ÀâºŸâ∫√‘À“√ΩÉ“¬μà“ßÊ „Àâ‡¢â“„®∂÷ß¿“√–Àπâ“∑’Ë „π°“√√“¬ß“π°“√∂◊ÕÀ≈—°∑√—æ¬å„π∫√‘…—∑¢Õßμπ‡Õß §Ÿà ¡√ ·≈–∫ÿμ√∑’Ë¬—ß‰¡à∫√√≈ÿπ‘μ‘¿“«– μ≈Õ¥®π√“¬ß“π

°“√‡ª≈’Ë¬π·ª≈ß°“√∂◊ÕÀ≈—°∑√—æ¬åμàÕ ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬åμ“¡¡“μ√“ 59 ·≈–∫∑°”Àπ¥‚∑…μ“¡¡“μ√“ 275 ·Ààßæ√–√“™∫—≠≠—μ‘À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å æ.». 2535

°“√§«∫§ÿ¡¿“¬„π ∫√‘…—∑œ „Àâ§«“¡ ”§—≠μàÕ√–∫∫°“√§«∫§ÿ¡¿“¬„π ·≈–°“√μ√«® Õ∫¿“¬„π‡ªìπÕ¬à“ß¬‘Ëß ‚¥¬®—¥„Àâ¡’ √–∫∫°“√ª√–‡¡‘π·≈–°“√ Õ∫∑“π‡æ◊ËÕ„Àâ°“√¥”‡π‘πß“π‡ªìπ‰ªμ“¡¢âÕ°”Àπ¥°ÆÀ¡“¬ «—μ∂ÿª√– ß§å ¢âÕ∫—ß§—∫ ·≈–¡μ‘¢Õß∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑œ ¿“¬„μâÀ≈—°°“√¢âÕæ÷ßªØ‘∫—μ‘·≈–°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ „π°“√ª√–™ÿ¡ §≥–°√√¡°“√∫√‘…—∑œ §√—Èß∑’Ë 1/2549 ‡¡◊ËÕ«—π∑’Ë 28 °ÿ¡¿“æ—π∏å 2549 ‚¥¬¡’°√√¡°“√Õ‘ √–·≈–°√√¡°“√μ√«® Õ∫ ‡¢â“√à«¡ª√–™ÿ¡§√∫∂â«π §≥–°√√¡°“√‰¥âª√–‡¡‘π√–∫∫°“√§«∫§ÿ¡¿“¬„π ‚¥¬°“√´—°∂“¡¢âÕ¡Ÿ≈®“°ΩÉ“¬∫√‘À“√ ª√–°Õ∫°—∫°“√μ√«® Õ∫‡Õ° “√À≈—°∞“π®“°∑’ËΩÉ“¬∫√‘À“√®—¥À“„π¥â“πμà“ßÊ ∑’Ë ‰¥â°”Àπ¥‰«â¥—ßπ’È 1. §≥–°√√¡°“√μ√«® Õ∫ ∑”Àπâ“∑’Ëæ‘®“√≥“§«“¡‡æ’¬ßæÕ¢Õß√–∫∫§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑œ ‚¥¬ ∑∫∑«πº≈°“√ªØ‘∫—μ‘ß“π¢ÕßΩÉ“¬μ√«® Õ∫¿“¬„πÕ¬à“ßμàÕ‡π◊ËÕß ·≈–°”Àπ¥„Àâ “¬ß“πμ√«® Õ∫ ¿“¬„π‡¢â“√à«¡À“√◊Õ·≈–·≈°‡ª≈’Ë¬π¢âÕ§‘¥‡ÀÁπ æ√âÕ¡°—∫π”‡ πÕ√“¬ß“π°“√μ√«® Õ∫¿“¬„π‡ªìπ ª√–®”Õ¬à“ßπâÕ¬∑ÿ°‰μ√¡“ À“°§≥–°√√¡°“√μ√«® Õ∫¡’¢âÕ‡ πÕ·π–À√◊Õæ∫¢âÕ∫°æ√àÕß∑’Ë‡ªìπ “√– ”§—≠®–√“¬ß“πμàÕ§≥–°√√¡°“√∫√‘…—∑‡æ◊ËÕ„Àâ¡’°“√ª√—∫ª√ÿß·°â ‰¢μàÕ‰ª 2. °“√∫√‘À“√§«“¡‡ ’Ë¬ß ∫√‘…—∑‰¥â „Àâ§«“¡ ”§—≠μàÕ°“√∫√‘À“√·≈–°“√®—¥°“√§«“¡‡ ’Ë¬ß °“√„Àâ¡’√–∫∫ Õ∫∑“π‚¥¬§”π÷ß∂÷ß —≠≠“≥‡μ◊Õπ¿—¬·≈–ªí®®—¬Õ◊Ëπ∑’ËÕ“®¡’º≈°√–∑∫μàÕ°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑ ‡æ◊ËÕ„Àâ‡°‘¥ª√– ‘∑∏‘¿“æ·≈–ª√– ‘∑∏‘º≈ ΩÉ“¬∫√‘À“√®–∑”Àπâ“∑’Ë¥Ÿ·≈ ·≈–§«∫§ÿ¡§«“¡‡ ’Ë¬ß‚¥¬√«¡ ∑’ËÕ“®‡°‘¥¢÷Èπ„π°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑·≈–°“√ªØ‘∫—μ‘ß“π 3. °“√§«∫§ÿ¡°“√ªØ‘∫μ— ß‘ “π¢ÕßΩÉ“¬∫√‘À“√ ∫√‘…∑— °”Àπ¥¿“√–Àπâ“∑’Ë Õ”π“®°“√¥”‡π‘π°“√¢ÕßºŸ∫â √‘À“√ ·≈–ºŸâªØ‘∫—μ‘ß“π‰«â‡ªìπ≈“¬≈—°…≥åÕ—°…√ ¡’°“√·∫àß·¬°Àπâ“∑’ËºŸâªØ‘∫—μ‘ß“π ºŸâ§«∫§ÿ¡·≈–ª√–‡¡‘πº≈ ÕÕ°®“°°—πÕ¬à“ß™—¥‡®π ‡æ◊ËÕ„Àâ¡’°“√∂à«ß¥ÿ≈·≈–°“√μ√«® Õ∫Õ¬à“ß‡À¡“– ¡ ·≈–ªÑÕß°—π°“√°√–∑” ∑’Ë ‰¡à ÿ®√‘μ√«¡∑—Èß∑√—æ¬å ‘π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ °”Àπ¥¡“μ√°“√∑’Ë√—¥°ÿ¡„π°“√§«∫§ÿ¡°“√ ªØ‘∫—μ‘ß“π ·≈–°“√∑”∏ÿ√°√√¡μà“ßÊ ¢ÕßΩÉ“¬∫√‘À“√ À√◊ÕºŸâ¡’ à«π‡°’Ë¬«¢âÕß ‡æ◊ËÕº≈ª√–‚¬™πå¢Õß ∫√‘…—∑‚¥¬√«¡‡ªìπ ”§—≠ 4. √–∫∫ “√ π‡∑» ∫√‘…—∑‰¥â¡’°“√æ—≤π“√–∫∫ “√ π‡∑» ·≈–√–∫∫¢âÕ¡Ÿ≈Õ¬à“ßμàÕ‡π◊ËÕß ‚¥¬≈ß∑ÿπ æ—≤π“√–∫∫§Õ¡æ‘«‡μÕ√å„Àâ¡’§«“¡√«¥‡√Á«·≈–∑—π ¡—¬¬‘Ëß¢÷Èπ ‡æ’¬ßæÕ·≈–∑—π‡«≈“μàÕ°“√μ—¥ ‘π„® ¢ÕßΩÉ“¬∫√‘À“√·≈–§≥–°√√¡°“√¢Õß∫√‘…—∑ ‚¥¬‡©æ“–√–∫∫°“√®—¥‡°Á∫¢âÕ¡Ÿ≈ ‡Õ° “√ª√–°Õ∫°“√ ∫—π∑÷°∫—≠™’μà“ßÊ „Àâ‡ªìπ‰ªμ“¡π‚¬∫“¬·≈–¡“μ√∞“π°“√∫—≠™’ √«¡∑—Èß°“√‡ªî¥‡º¬ “√ π‡∑»∑’Ë ”§—≠¢Õß∫√‘…—∑Õ¬à“ß∂Ÿ°μâÕß ·≈–‚ª√àß„ μ“¡¢âÕæ÷ßªØ‘∫—μ‘∑’Ë¥’ ”À√—∫∫√‘…—∑®¥∑–‡∫’¬π 5. √–∫∫°“√μ‘¥μ“¡ ∫√‘…—∑‰¥â¡’°“√μ‘¥μ“¡·≈–ª√–‡¡‘πº≈°“√¥”‡π‘πß“π‚¥¬‡ª√’¬∫‡∑’¬∫°—∫‡ªÑ“À¡“¬ ·≈–º≈°“√¥”‡π‘πß“π∑’ºË “à π¡“‡ªìπª√–®”∑ÿ°‰μ√¡“ ‚¥¬· ¥ß§«∫§Ÿ°à π— ‰ª°—∫√“¬ß“π¢ÕßºŸ â Õ∫∫—≠™’ „π°√≥’∑’Ëº≈°“√¥”‡π‘πß“π·μ°μà“ß®“°‡ªÑ“À¡“¬∑’Ë°”Àπ¥‰«âÕ¬à“ß¡’π—¬ ”§—≠ ®–¥”‡π‘π°“√°”Àπ¥ ¡“μ√°“√·≈–·°â ‰¢‚¥¬∑—π∑’

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ºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑œ §◊Õ π“¬‡æ‘Ë¡»—°¥‘Ï ®‘√–®—°√«—≤π“ ´÷Ëß‡ªìπºŸâμ√«® Õ∫ß∫°“√‡ß‘πª√–®”ß«¥ªï 2548 ‰¡à¡’¢âÕ‡ πÕ·π–À√◊Õ§«“¡‡ÀÁπ‡æ‘Ë¡‡μ‘¡„π√“¬ß“π°“√ Õ∫∫—≠™’«à“∫√‘…—∑œ §«√ª√—∫ª√ÿß·°â ‰¢„π‡√◊ËÕß„¥Ê ∑—Èß ‘Èπ

∫ÿ§≈“°√ ∫√‘…—∑œ ‰¡à¡’¢âÕæ‘æ“∑¥â“π·√ßß“π∑’Ë ”§—≠„π√–¬– 3 ªï∑’Ëºà“π¡“ ·≈–¡’®”π«πæπ—°ß“π (‰¡à√«¡°√√¡°“√ ·≈–ºŸâ∫√‘À“√) §à“μÕ∫·∑πæπ—°ß“π ‰¥â·°à ‡ß‘π‡¥◊Õπ ‚∫π— ·≈–§à“≈à«ß‡«≈“ ·≈– «— ¥‘°“√Õ◊ËπÊ ‚¥¬·¬°μ“¡ “¬ß“πÀ≈—°Ê ‰¥â¥—ßπ’È ªï 2547 Àπà«¬ß“π

ªï 2548

®”π«π§π

§à“μÕ∫·∑π (≈â“π∫“∑)

®”π«π§π

§à“μÕ∫·∑π (≈â“π∫“∑)

”π—°ß“π„πª√–‡∑» ΩÉ“¬ªØ‘∫—μ‘°“√ “¢“ ‚√ßß“π “¢“μà“ßª√–‡∑»

279 2,496 924 77

61.90 283.54 134.33 13.55

348 2,629 1,087 71

79.49 310.29 137.04 11.75

√«¡

3,776

493.32

4,135

538.57

π‚¬∫“¬„π°“√æ—≤π“æπ—°ß“π ∫√‘…—∑œ ¡’π‚¬∫“¬æ—≤π“∫ÿ§≈“°√¥—ßπ’È 1. 2. 3. 4. 5.

¡ÿàß‡πâπ°“√æ—≤π“§«“¡√Ÿâ §«“¡ “¡“√∂ (Competency) ¢Õßæπ—°ß“πÕ¬à“ßμàÕ‡π◊ËÕß ª√—∫ª√ÿß√–∫∫°“√ª√–‡¡‘πº≈°“√ªØ‘∫—μ‘ß“π‚¥¬‡πâπ∑’Ë‡ªÑ“À¡“¬¢Õßß“π‡ªìπÀ≈—° ®—¥√–∫∫‚§√ß √â“ß√“¬‰¥â ·≈–„Àâ “¡“√∂·¢àß¢—π°—∫∏ÿ√°‘®ª√–‡¿∑‡¥’¬«°—π‰¥â °“√∫√‘À“√®—¥°“√‚¥¬Õ“»—¬°“√·°âªí≠À“√à«¡°—π ‡æ◊ËÕ„Àâ‡°‘¥°“√∑”ß“π‡ªìπ∑’¡ °”Àπ¥ “¬§«“¡°â“«Àπâ“„πμ”·Àπàß ‚¥¬¡’«‘∏’ª√–‡¡‘π·∫∫∑¥ Õ∫∑’Ë™—¥‡®π·≈–‡ªìπ∏√√¡‡æ◊ËÕ°√–μÿâπ „Àâæπ—°ß“π¡’°“√æ—≤π“μπ‡ÕßÕ¬à“ß ¡Ë”‡ ¡Õ 6. àß‡ √‘¡„Àâ‡°‘¥∑—»π§μ‘∑’Ë¥’μàÕÕß§å°√ ¢«—≠·≈–°”≈—ß„®„π°“√∑”ß“π

√“¬°“√√–À«à“ß°—π ¡Ÿ≈§à“√“¬°“√ (1) √“¬‰¥â ∫ÿ§§≈∑’Ë‡°’Ë¬«¢âÕß ∫®. ‡ √’«—≤πå øŸÑ¥ å ∫®. ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ∫®. ‡Õ ·Õπ¥å æ’ ·Õ ‡´∑ (‡¥‘¡™◊ËÕ ∫®. ‡Õ ·Õπ¥å æ’ ‰¡‡πÕ√åøŸÑ¥) ∫®. ‡Õ™ ¥’ ¥‘ ∑√‘∫‘«‡μÕ√å (ª√–‡∑»‰∑¬) (2) ´◊ÈÕ ‘π§â“·≈–∫√‘°“√ ∫ÿ§§≈∑’Ë‡°’Ë¬«¢âÕß ∫®. ‡ √’«—≤πå øŸÑ¥ å ∫®. ‡Õ™ ¥’ ¥‘ ∑√‘∫‘«‡μÕ√å (ª√–‡∑»‰∑¬) ∫®. ‡Õ ·Õπ¥å æ’ ·Õ ‡´∑ (‡¥‘¡™◊ËÕ ∫®. ‡Õ ·Õπ¥å æ’ ‰¡‡πÕ√åøŸÑ¥) ∫®. ‡Õ .Õ“√å.‡Õ ‡μ∑ °√√¡°“√¢Õß∫√‘…—∑ √“¬°“√§ß§â“ß (1) ≈Ÿ°Àπ’È°“√§â“ ∫ÿ§§≈∑’Ë‡°’Ë¬«¢âÕß ∫®. ‡ √’«—≤πå øŸÑ¥ å ∫®. ‡Õ™ ¥’ ¥‘ ∑√‘∫‘«‡μÕ√å (ª√–‡∑»‰∑¬) ∫®. Õ“√å ∫’ «“¬* ∫®. ‡ÕÁ¡®’‰Õ*

√“¬≈–‡Õ’¬¥¢Õß√“¬°“√ „Àâ‡™à“Õ“§“√·≈–Õÿª°√≥å √“¬‰¥â§à“∫√‘°“√ „Àâ‡™à“Õ“§“√·≈–Õÿª°√≥å √“¬‰¥â§à“∫√‘°“√ √“¬‰¥â§à“∫√‘°“√

ªï 2547 4.19 0.36 0.18 0.04 ›

ªï 2548 › › 0.18 › 0.23

„Àâ‡™à“Õ“§“√·≈–Õÿª°√≥å √“¬‰¥â§à“∫√‘°“√

1.10 1.21

0.79 0.80

√“¬≈–‡Õ’¬¥¢Õß√“¬°“√ ´◊ÈÕ ‘π§â“·≈–∫√‘°“√ ´◊ÈÕ ‘π§â“·≈–∫√‘°“√ §à“‡™à“Õ“§“√·≈–∫√‘°“√

ªï 2547 58.29 11.65 ›

ªï 2548 3.63 14.135 4.70

0.43 2.52

0.43 2.40

ªï 2547 › 0.23 1.20 3.70

ªï 2548 › 0.14 1.20 3.70

§à“‡™à“æ◊Èπ∑’Ë ”π—°ß“π “¢“ §à“‡™à“æ◊Èπ∑’Ë ”π—°ß“π·≈–‡°Á∫ ‘π§â“

≈—°…≥–√“¬°“√ ´◊ÈÕ ‘π§â“ ‡™à“æ◊Èπ∑’Ë·≈–Õÿª°√≥å°“√º≈‘μ ´◊ÈÕ ‘π§â“ ‡™à“æ◊Èπ∑’Ë ‡™à“æ◊Èπ∑’Ë ´◊ÈÕ ‘π§â“

À¡“¬‡Àμÿ *∫√‘…—∑œ ‰¥âμ—Èß ”√Õß§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠∑—Èß®”π«π

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(2) ‡ß‘π„Àâ°Ÿâ¬◊¡ ‚¥¬∫√‘…—∑œ ∫ÿ§§≈∑’Ë‡°’Ë¬«¢âÕß

≈—°…≥–√“¬°“√

∫®. ¬Ÿ‡π’¬π °“¬ ‡Õ ·Õπ¥å æ’* ‡ß‘π„Àâ°Ÿâ√–¬– —Èπ À¡“¬‡Àμÿ *∫√‘…—∑œ ‰¥âμ—Èß ”√Õß§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠∑—Èß®”π«π ‚¥¬∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ∫ÿ§§≈∑’Ë‡°’Ë¬«¢âÕß ∫®. Õ‘π‡μÕ√å‡¡ ‚´à ‡√ ∑—«√Õß∑å æ’∑’Õ’ ∫®. æ’∑’.μ√—ßπŸ°“Œ“ øŸÑ¥ Õ‘π¥— ∑√’È*

≈—°…≥–√“¬°“√ ‡ß‘π„Àâ°Ÿâ√–¬– —Èπ ‡ß‘π„Àâ°Ÿâ√–¬– —Èπ

∫®. ¬“¡ §‘∑‡™àπ ‡Õ ¥’‡ÕÁπ ∫’‡Õ™¥’ (¡“‡≈‡´’¬) ‡ß‘π„Àâ°Ÿâ√–¬– —Èπ ∫®. ¿—∑√“ ¥’‡«≈≈Õª‡¡âπ∑å ‡ß‘π„Àâ°Ÿâ√–¬– —Èπ

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5.66

¬Õ¥¬°¡“ 0.13 12.66

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2.78 5.17

√—∫™”√–§◊π ¬Õ¥¬°‰ª -

5.66

√—∫™”√–§◊π ¬Õ¥¬°‰ª 0.13 12.66* 0.99 2.05

1.79 3.12

À¡“¬‡Àμÿ *∫√‘…—∑œ ‰¥âμ—Èß ”√Õß§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠∑—Èß®”π«π / „Àâ°Ÿâ¬◊¡ √—∫™”√–§◊π‡ªìπº≈®“°Õ—μ√“·≈°‡ª≈’Ë¬π (3) ‡®â“Àπ’È°“√§â“ ∫ÿ§§≈∑’Ë‡°’Ë¬«¢âÕß ∫®. ‡Õ ·Õπ¥å æ’ ·Õ ‡´∑ (‡¥‘¡™◊ËÕ ∫®. ‡Õ ·Õπ¥å æ’ ‰¡‡πÕ√åøŸÑ¥) ∫®. ‡ √’«—≤πå øŸÑ¥ å ∫®. ‡Õ™ ¥’ ¥‘ ∑√‘∫‘«‡μÕ√å (ª√–‡∑»‰∑¬)

√“¬≈–‡Õ’¬¥¢Õß√“¬°“√

ªï 2547

ªï 2548

§à“‡™à“Õ“§“√·≈–∫√‘°“√ ´◊ÕÈ ‘π§â“ ´◊ÈÕ ‘π§â“

› 1.79 2.44

0.18 › 3.92

°“√«‘‡§√“–Àåº≈°“√¥”‡π‘πß“π·≈–∞“π–°“√‡ß‘π º≈°“√¥”‡π‘πß“π º≈°“√¥”‡π‘πß“πª√–®”ªï æ.». 2548 ¢Õß∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ ¡’°”‰√ ÿ∑∏‘√«¡ 204 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 11.1 ®“°ªï°àÕπ ‚¥¬‡ªìπº≈¡“®“°ªí®®—¬À≈—°¥—ßμàÕ‰ªπ’È

√“¬‰¥â √“¬‰¥â®“°°“√¢“¬·≈–∫√‘°“√‡æ‘Ë¡¢÷Èπ®“° 2,995 ≈â“π∫“∑„πªï 2547 ‡ªìπ 3,361 ≈â“π∫“∑ À√◊Õ§‘¥‡ªìπ √âÕ¬≈– 12.2 ‚¥¬√“¬‰¥â®“°∏ÿ√°‘®°“√ª√–°Õ∫°‘®°“√√â“πÕ“À“√·≈–®”Àπà“¬º≈‘μ¿—≥±å‡∫‡°Õ√’Ë¿“¬„πª√–‡∑» ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 10 ·≈–∏ÿ√°‘®√â“πÕ“À“√„πμà“ßª√–‡∑»‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 26 ∑—Èßπ’È√“¬‰¥â∑’Ë‡æ‘Ë¡¢÷Èπ à«π„À≠à¡“®“°°“√ ‡ªî¥ “¢“„À¡à∑—Èß„π·≈–μà“ßª√–‡∑»

μâπ∑ÿπ¢“¬·≈–°”‰√¢—Èπμâπ ∂÷ß·¡âμâπ∑ÿπ¢“¬„πªï 2548 ®”π«π 1,933 ≈â“π∫“∑ ®– Ÿß°«à“ªï∑’Ëºà“π¡“∂÷ß√âÕ¬≈– 11.2 ·μà°Á∂◊Õ«à“ ‡ªìπ°“√‡æ‘Ë¡„πÕ—μ√“∑’ËμË”°«à“°“√‡æ‘Ë¡¢÷Èπ¢Õß√“¬‰¥â ∑”„Àâ∫√‘…—∑œ ¡’°”‰√¢—Èπμâπ„πªï 2548 §‘¥‡ªìπ√âÕ¬≈– 42.5 ¢Õß√“¬‰¥â ‡ª√’¬∫‡∑’¬∫°—∫ªï 2547 ´÷Ëß¡’Õ—μ√“°”‰√¢—Èπμâπ√âÕ¬≈– 42.0 ¢Õß√“¬‰¥â

§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√„πªï 2548 ®”π«π 1,186 ≈â“π∫“∑ Ÿß¢÷Èπ°«à“ªï°àÕπ√âÕ¬≈– 13.4 ‚¥¬¡’ “‡ÀμÿÀ≈—°¡“®“°°“√¢¬“¬ “¢“√â“πÕ“À“√·≈–√â“π®”Àπà“¬‡∫‡°Õ√’Ë∑—Èß„π·≈–μà“ßª√–‡∑»

°”‰√ ÿ∑∏‘ ®“°√“¬‰¥â·≈–μâπ∑ÿπ¢“¬μ≈Õ¥®π§à“„™â®à“¬∑’Ë‡æ‘Ë¡¢÷Èπ¥—ß°≈à“« àßº≈„Àâ∫√‘…—∑œ ¡’°”‰√°àÕπÀ—°¥Õ°‡∫’È¬®à“¬ ·≈–¿“…’‡ß‘π‰¥â „πªï 2548 ‡ªìπ‡ß‘π 296 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 8.8 ¢Õß√“¬‰¥â√«¡ Ÿß°«à“ªï 2547 ∂÷ß√âÕ¬≈– 13.8 ∫√‘…—∑œ ¡’°”‰√ ÿ∑∏‘®”π«π 204 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 6.1 ¢Õß√“¬‰¥â√«¡ ´÷Ëß‡ªìπÕ—μ√“ à«π∑’Ë„°≈â‡§’¬ß°—∫ Õ—μ√“°”‰√ ÿ∑∏‘„πªï∑’Ëºà“π¡“ ∫√‘…—∑œ “¡“√∂∑”°”‰√μàÕÀÿâπ„πªï 2548 ‡ªìπ‡ß‘π 2.68 ∫“∑μàÕÀÿâπ „π¢≥–∑’Ë ªï∑’Ë·≈â«¡’°”‰√μàÕÀÿâπ®”π«π 2.53 ∫“∑μàÕÀÿâπ

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∞“π–°“√‡ß‘π ‘π∑√—æ¬å ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ∫√‘…—∑œ ¡’ ‘π∑√—æ¬å√«¡ 2,085 ≈â“π∫“∑ ª√–°Õ∫¥â«¬ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π 756 ≈â“π∫“∑ ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å√«¡ ‘∑∏‘°“√‡™à“ 1,189 ≈â“π∫“∑ ‡ß‘π≈ß∑ÿπ√–¬–¬“«·≈–Õ◊ËπÊ 140 ≈â“π∫“∑ ‘π∑√—æ¬å„πªï 2548 ¡’¡Ÿ≈§à“‡æ‘Ë¡¢÷Èπ®“°ªï°àÕπ√âÕ¬≈– 19 ‡ªìπº≈¡“®“° ‘π∑√—æ¬å∂“«√∑’Ë‡æ‘Ë¡¢÷Èπ‡π◊ËÕß®“° °“√¢¬“¬ “¢“∑—Èß„πª√–‡∑»·≈–μà“ßª√–‡∑» ‚¥¬„π à«π¢Õß “¢“„πª√–‡∑»‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 20 ·≈– “¢“„π μà“ßª√–‡∑»‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 14

Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ Àπ’ È π‘ √«¡ ≥ 31 ∏—π«“§¡ 2548 ∫√‘…—∑œ ¡’Àπ’È ‘π√«¡®”π«π 512 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®“°ªï°àÕπ 67 ≈â“π∫“∑ À√◊Õ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 15 ‚¥¬ à«π„À≠à¡“®“°‡®â“Àπ’È°“√§â“·≈–§à“„™â®à“¬§â“ß®à“¬∑’Ë‡æ‘Ë¡¢÷Èπ Õ—μ√“ à«π¢ÕßÀπ’È ‘π μàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ‡∑à“°—∫ 0.3 ‡∑à“

à«π¢ÕßºŸ∂â ◊ÕÀÿπâ ∫√‘…—∑œ ¡’ à«π¢ÕßºŸâ∂◊ÕÀÿâπ 1,573 ≈â“π∫“∑ §‘¥‡ªìπ¡Ÿ≈§à“Àÿâπμ“¡∫—≠™’Àÿâπ≈– 18.0 ∫“∑ ‡∑’¬∫°—∫ à«π¢ÕßºŸâ∂◊ÕÀÿâπ„πªï∑’Ë·≈â«®”π«π 1,304 ≈â“π∫“∑ ¡’¡Ÿ≈§à“Àÿâπμ“¡∫—≠™’Àÿâπ≈– 17.43 ∫“∑ „πªï 2548 ¡’ºŸâ∂◊ÕÀÿâπ π”„∫ ”§—≠· ¥ß ‘∑∏‘ (Warrant) ¡“‡ª≈’Ë¬π‡ªìπÀÿâπ “¡—≠®”π«π 12.1 ≈â“πÀπà«¬ ∑”„Àâ∫√‘…—∑œ ¡’Àÿâπ “¡—≠∑’ËÕÕ° ·≈–™”√–·≈â« ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ®”π«π 86.9 ≈â“πÀÿâπ

°√–· ‡ß‘π ¥ „πªï 2548 ∫√‘…—∑œ ¡’°√–· ‡ß‘π ¥ ÿ∑∏‘∑’Ë ‰¥â¡“®“°°“√¥”‡π‘πß“π·≈–°“√®—¥À“·À≈àß‡ß‘π∑ÿπ®”π«π 414 ≈â“π∫“∑ ·≈– 81 ≈â“π∫“∑μ“¡≈”¥—∫ ·≈–¡’°√–· ‡ß‘π ¥„™â ‰ª„π°‘®°√√¡≈ß∑ÿπ®”π«π 344 ≈â“π∫“∑ ‚¥¬ß∫¥ÿ≈ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ¡’‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥®”π«π 442 ≈â“π∫“∑ Ÿß°«à“ªï 2547 ‡ªìπ‡ß‘π 145 ≈â“π∫“∑ ‚¥¬¡’‡ß‘π ¥§ß‡À≈◊Õ‡∑à“°—∫ 297 ≈â“π∫“∑ ‚¥¬¡’ “√– ”§—≠¥—ßπ’È › °√–· ‡ß‘π ¥ ÿ∑∏‘®“°°“√¥”‡π‘πß“π®”π«π 414 ≈â“π∫“∑ ‰¥â¡“®“°°”‰√®“°°“√¥”‡π‘πß“π∑’Ë‡ªìπ ‡ß‘π ¥ 400 ≈â“π∫“∑ ·≈–®“° à«πμà“ß√–À«à“ßÀπ’È ‘π§â“ß™”√–∑’Ë‡æ‘Ë¡¢÷Èπ®”π«π 49 ≈â“π∫“∑ °—∫ °√–· ‡ß‘π ¥∑’Ë≈¥≈ß®“°°“√‡æ‘Ë¡¢÷Èπ¢Õß ‘π∑√—æ¬å¥”‡π‘πß“π®”π«π 34 ≈â“π∫“∑ ‰¥â·°à ≈Ÿ°Àπ’È°“√§â“ ‡æ‘Ë¡¢÷Èπ 6 ≈â“π∫“∑ ‘π§â“§ß‡À≈◊Õ‡æ‘Ë¡¢÷Èπ 4 ≈â“π∫“∑ ·≈– ‘π∑√—æ¬åÕ◊Ëπ‡æ‘Ë¡¢÷Èπ 24 ≈â“π∫“∑

› °√–· ‡ß‘π ¥®“°°“√®—¥À“·À≈àß‡ß‘π∑ÿπ‰¥â¡“®“° ‡ß‘π ¥√—∫®“°°“√∑’ËºŸâ∂◊ÕÀÿâππ”„∫ ”§—≠· ¥ß ‘∑∏‘ (Warrant) ¡“‡ª≈’Ë¬π‡ªìπÀÿâπ “¡—≠®”π«π 218 ≈â“π∫“∑ ‡ß‘π ¥√—∫®“°°“√°Ÿâ¬◊¡√–¬– —Èπ 14 ≈â“π∫“∑ ·≈–¡’‡ß‘π ¥„™â ‰ª„π°“√®à“¬‡ß‘πªíπº≈ª√–®”ªï·≈–‡ß‘πªíπº≈√–À«à“ß°“≈®”π«π 151 ≈â“π∫“∑ ∑”„Àâ∫√‘…—∑œ ¡’°√–· ‡ß‘π ¥ ÿ∑∏‘®“°°“√®—¥À“‡ß‘π∑ÿπ∑—Èß ‘Èπ 81 ≈â“π∫“∑ › ‡ß‘π ¥„™â ‰ª„π°‘®°√√¡≈ß∑ÿπ®”π«π 344 ≈â“π∫“∑ ¡“®“°°“√®—¥´◊ÈÕ«— ¥ÿÕÿª°√≥å·≈–‡§√◊ËÕß®—°√ ”À√—∫‚√ßß“πªí®®ÿ∫—π 78 ≈â“π∫“∑ °“√°àÕ √â“ßÕ“§“√„À¡à¢Õß‚√ßß“πº≈‘μÕ“À“√ 37 ≈â“π∫“∑ °“√≈ß∑ÿπ‡ªî¥ “¢“·≈–‡∫‡°Õ√’Ë™ÁÕæ„À¡à μ≈Õ¥®π°“√ª√—∫ª√ÿß´àÕ¡·´¡ “¢“‡¥‘¡√«¡ 170 ≈â“π∫“∑ ®—¥´◊ÕÈ «— ¥ÿÕªÿ °√≥å·≈–‡§√◊ÕË ß„™â ”π—°ß“π 14 ≈â“π∫“∑ ·≈–„™â „π°“√≈ß∑ÿπ´◊ÕÈ À≈—°∑√—æ¬å·≈–æ—π∏∫—μ√ √«¡ 29 ≈â“π∫“∑

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√“¬ß“π§≥–°√√¡°“√μ√«® Õ∫ §≥–°√√¡°“√μ√«® Õ∫´÷Ëßª√–°Õ∫¥â«¬°√√¡°“√ ®”π«π 3 ∑à“π ‚¥¬¡’ π“ß “«§—∑≈’¬“ · ß»“ μ√“ ‡ªìπª√–∏“π§≥–°√√¡°“√μ√«® Õ∫ π“¬‡ª√¡ ‚™μ‘«“π‘™ ·≈–π“ß “«‚ ¿“«¥’ Õÿμμ‚¡∫≈ ‡ªìπ°√√¡°“√ μ√«® Õ∫ ´÷Ëß·μà≈–∑à“π‰¡à ‰¥â‡ªìπ‡®â“Àπâ“∑’Ë∫√‘À“√À√◊Õæπ—°ß“π¢Õß∫√‘…—∑ §≥–°√√¡°“√μ√«® Õ∫¡’¢Õ∫‡¢μ °“√ªØ‘∫—μ‘ß“π Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫μ“¡°Æ∫—μ√§≥–°√√¡°“√μ√«® Õ∫∑’ËÕπÿ¡—μ‘‚¥¬∑’Ëª√–™ÿ¡§≥–°√√¡°“√ ∫√‘…—∑ ´÷Ëß‡ªìπ‰ªμ“¡¢âÕ°”Àπ¥¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ·≈–√“¬ß“πμàÕ§≥–°√√¡°“√∫√‘…—∑ „πªï 2548 §≥–°√√¡°“√μ√«® Õ∫‰¥â®—¥„Àâ¡’°“√ª√–™ÿ¡ 4 §√—Èß ‡æ◊ËÕ∑”°“√¥Ÿ·≈°‘®°“√μ“¡¢Õ∫‡¢μ §«“¡√—∫º‘¥™Õ∫∑’Ë ‰¥â√∫— ¡Õ∫À¡“¬®“°§≥–°√√¡°“√∫√‘…∑— ´÷ßË √«¡∂÷ß°“√ Õ∫∑“π√“¬ß“π ß∫°“√‡ß‘π∑—ßÈ ß∫°“√‡ß‘π √“¬‰μ√¡“ ·≈–ª√–®”ªï √–∫∫°“√§«∫§ÿ¡¿“¬„π‚¥¬√à«¡ Õ∫∑“π§«“¡‡À¡“– ¡°—∫ΩÉ“¬μ√«® Õ∫¿“¬„π ·≈–ΩÉ“¬∫√‘À“√∑’Ë‡°’Ë¬«¢âÕß ‡æ◊ËÕª√—∫ª√ÿß„Àâ√–∫∫§«∫§ÿ¡¿“¬„π¡’ª√– ‘∑∏‘¿“æ¬‘Ëß¢÷Èπ √–∫∫°“√∫√‘À“√ §«“¡‡ ’Ë¬ß ·≈–ªí®®—¬Õ◊Ëπ∑’ËÕ“®¡’º≈°√–∑∫Õ¬à“ß¡’π—¬ ”§—≠μàÕ°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑œ °“√ªØ‘∫—μ‘μ“¡°ÆÀ¡“¬∑’Ë‡°’Ë¬«¢âÕß °“√ªØ‘∫—μ‘μ“¡À≈—°°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ‡æ◊ËÕÀ“√◊Õ·≈–·≈°‡ª≈’Ë¬π¢âÕ§‘¥‡ÀÁπ‡°’Ë¬«°—∫º≈°“√μ√«® Õ∫ °“√ª√–‡¡‘π§ÿ≥¿“æ„π¥â“πμà“ßÊ ·≈–§«“¡‡æ’¬ßæÕ¢Õß√–∫∫°“√§«∫§ÿ¡¿“¬„π πÕ°®“°π’È „π°“√ªØ‘∫—μ‘ß“π μ“¡¿“√–Àπâ“∑’Ë §≥–°√√¡°“√μ√«® Õ∫‰¥â „Àâ¢âÕ‡ πÕ·π–™◊ËÕºŸâ Õ∫∫—≠™’ ·≈–§à“μÕ∫·∑πª√–®”ªï 2549 μàÕ§≥–°√√¡°“√‡æ◊ËÕπ”‡ πÕ„π∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑æ‘®“√≥“≈ß¡μ‘·μàßμ—ÈßμàÕ‰ª §≥–°√√¡°“√μ√«® Õ∫‰¥âªØ‘∫—μ‘Àπâ“∑’ËÕ¬à“ß¡’Õ‘ √–®“°§≥–°√√¡°“√∫√‘…—∑ ·≈–ΩÉ“¬∫√‘À“√ ‚¥¬‰¥â √“¬ß“πº≈°“√ª√–™ÿ¡ ·≈–√“¬ß“π°“√ªØ‘∫—μÀ‘ πâ“∑’ËμàÕ§≥–°√√¡°“√∫√‘…—∑·≈â«

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π“ß “«§—∑≈’¬“ · ß»“ μ√“ ª√–∏“π§≥–°√√¡°“√μ√«® Õ∫ «—π∑’Ë 28 °ÿ¡¿“æ—π∏å 2549

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ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

√“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ‡ πÕºŸâ∂◊ÕÀÿâπ·≈–§≥–°√√¡°“√ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ¢â“æ‡®â“‰¥âμ√«® Õ∫ß∫¥ÿ≈√«¡¢Õß ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬·≈– ß∫¥ÿ≈‡©æ“–¢Õß ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ·≈– ß∫°”‰√¢“¥∑ÿπ√«¡ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ√«¡·≈–ß∫°√–· ‡ß‘π ¥√«¡ ·≈–ß∫°”‰√¢“¥∑ÿπ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ ·≈–ß∫°√–· ‡ß‘π ¥‡©æ“–¢Õß∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π ¢Õß·μà≈–ªï ´÷ËßºŸâ∫√‘À“√¢Õß°‘®°“√‡ªìπºŸâ√—∫º‘¥™Õ∫μàÕ§«“¡∂Ÿ°μâÕß·≈–§√∫∂â«π¢Õß¢âÕ¡Ÿ≈„πß∫°“√‡ß‘π‡À≈à“π’È à«π¢â“æ‡®â“‡ªìπºŸâ√—∫º‘¥™Õ∫„π°“√· ¥ß§«“¡‡ÀÁπμàÕß∫°“√‡ß‘π¥—ß°≈à“«®“°º≈°“√μ√«® Õ∫¢Õß¢â“æ‡®â“ ¢â“æ‡®â“‰¥âªØ‘∫—μ‘ß“πμ√«® Õ∫μ“¡¡“μ√∞“π°“√ Õ∫∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ´÷Ëß°”Àπ¥„Àâ¢â“æ‡®â“μâÕß «“ß·ºπ·≈–ªØ‘∫—μ‘ß“π‡æ◊ËÕ„Àâ ‰¥â§«“¡‡™◊ËÕ¡—ËπÕ¬à“ß¡’‡Àμÿº≈«à“ ß∫°“√‡ß‘π· ¥ß¢âÕ¡Ÿ≈∑’Ë¢—¥μàÕ¢âÕ‡∑Á®®√‘ßÕ—π‡ªìπ “√– ”§—≠À√◊Õ‰¡à °“√μ√«® Õ∫√«¡∂÷ß°“√„™â«‘∏’°“√∑¥ Õ∫À≈—°∞“πª√–°Õ∫√“¬°“√∑—Èß∑’Ë‡ªìπ®”π«π‡ß‘π·≈– °“√‡ªî¥‡º¬¢âÕ¡Ÿ≈„πß∫°“√‡ß‘π °“√ª√–‡¡‘π§«“¡‡À¡“– ¡¢ÕßÀ≈—°°“√∫—≠™’∑’Ë°‘®°“√„™â ·≈–ª√–¡“≥°“√ ‡°’Ë¬«°—∫√“¬°“√∑“ß°“√‡ß‘π∑’Ë‡ªìπ “√– ”§—≠ ´÷ËßºŸâ∫√‘À“√‡ªìπºŸâ®—¥∑”¢÷Èπ μ≈Õ¥®π°“√ª√–‡¡‘π∂÷ß§«“¡‡À¡“– ¡ ¢Õß°“√· ¥ß√“¬°“√∑’Ëπ”‡ πÕ„πß∫°“√‡ß‘π‚¥¬√«¡ ¢â“æ‡®â“‡™◊ËÕ«à“°“√μ√«® Õ∫¥—ß°≈à“«„Àâ¢âÕ √ÿª∑’Ë‡ªìπ‡°≥±å Õ¬à“ß‡À¡“– ¡„π°“√· ¥ß§«“¡‡ÀÁπ¢Õß¢â“æ‡®â“ ¢â“æ‡®â“‡ÀÁπ«à“ ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑¢â“ßμâππ’È· ¥ß∞“π–°“√‡ß‘π¢Õß∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ·≈–¢Õß∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 º≈°“√¥”‡π‘πß“π·≈–°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π¢Õß·μà≈–ªï ‚¥¬∂Ÿ°μâÕßμ“¡∑’Ë§«√„π “√– ”§—≠μ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª

°√ÿß‡∑æ¡À“π§√ «—π∑’Ë 17 °ÿ¡¿“æ—π∏å 2549

‡æ‘Ë¡»—°¥‘Ï ®‘√–®—°√«—≤π“ ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ‡≈¢∑–‡∫’¬π 3427 ”π—°ß“π¥’≈Õ¬∑å ∑Ÿâ™ ‚∏¡—∑ ÿ ‰™¬¬»

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫¥ÿ≈ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡ 2548 2547

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

‘π∑√—æ¬å ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ (À¡“¬‡Àμÿ¢âÕ 4) 442,198,664 297,549,825 340,814,454 189,555,854 ‡ß‘π≈ß∑ÿπ™—Ë«§√“« (À¡“¬‡Àμÿ¢âÕ 5) 32,876,762 3,793,784 23,900,000 › ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ (À¡“¬‡Àμÿ¢âÕ 6 ·≈–¢âÕ 15) 100,590,239 94,396,854 91,760,175 88,388,005 ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π - ÿ∑∏‘ (À¡“¬‡Àμÿ¢âÕ 15) 7,813,040 8,787,551 2,867,100 796,084 ‘π§â“§ß‡À≈◊Õ - ÿ∑∏‘ (À¡“¬‡Àμÿ¢âÕ 7) 120,668,163 116,344,207 115,256,474 111,484,961 ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ 51,448,380 42,866,282 8,293,014 4,804,670 √«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π 755,595,248 563,738,503 582,891,217 395,029,574 ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π ‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬ (À¡“¬‡Àμÿ¢âÕ 8 ·≈–¢âÕ 15) 46,483,568 44,162,014 214,067,830 235,266,755 ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ (À¡“¬‡Àμÿ¢âÕ 9 ·≈–¢âÕ 20) 24,529,881 25,730,374 2,540,260 2,540,260 ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬–¬“«Õ◊Ëπ 364,222 423,725 309,500 383,300 ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘ (À¡“¬‡Àμÿ¢âÕ 10) 1,022,587,066 884,830,438 954,537,835 812,248,155 ‘π∑√—æ¬å ‰¡à¡’μ—«μπ - ÿ∑∏‘ (À¡“¬‡Àμÿ¢âÕ 11) 166,443,974 176,944,393 127,065,161 131,273,959 ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ 68,530,751 53,059,863 62,949,043 49,806,699 √«¡ ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π 1,328,939,462 1,185,150,807 1,361,469,629 1,231,519,128 √«¡ ‘π∑√—æ¬å 2,084,534,710 1,748,889,310 1,944,360,846 1,626,548,702

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

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫¥ÿ≈ (μàÕ) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡ 2548 2547

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

Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ Àπ’È ‘πÀ¡ÿπ‡«’¬π ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ ®“° ∂“∫—π°“√‡ß‘π 54,223,358 ‡®â“Àπ’È°“√§â“ (À¡“¬‡Àμÿ¢âÕ 15) 227,845,597 ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π (À¡“¬‡Àμÿ¢âÕ 15) 354,253 ¿“…’‡ß‘π‰¥â§â“ß®à“¬ 46,291,864 §à“„™â®à“¬§â“ß®à“¬ 125,491,055 Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ 55,753,800 √«¡Àπ’È ‘πÀ¡ÿπ‡«’¬π 509,959,927

40,336,255 213,512,423 394,547 40,167,708 116,711,091 33,273,888 444,395,912

50,000,000 204,684,218 473,634 38,387,790 100,423,718 37,519,631 431,488,991

31,717,424 195,126,649 428,695 33,802,272 90,231,731 26,934,623 378,241,394

Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡Àπ’ È ‘π‰¡àÀ¡ÿπ‡«’¬π √«¡Àπ’È ‘π

› › 444,395,912

› › 431,488,991

› › 378,241,394

1,893,090 1,893,090 511,853,017

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

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫¥ÿ≈ (μàÕ) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡ 2548 2547 Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ (μàÕ) à«π¢ÕßºŸ∂â Õ◊ Àÿπâ ∑ÿπ‡√◊ÕπÀÿâπ (À¡“¬‡Àμÿ¢âÕ 12 ·≈–¢âÕ 13) ∑ÿπ®¥∑–‡∫’¬π Àÿâπ “¡—≠ 105,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 5 ∫“∑ ∑ÿπ∑’ËÕÕ°·≈–™”√–·≈â« Àÿâπ “¡—≠ 86,953,800 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 5 ∫“∑ ™”√–§√∫·≈â« ·≈– 74,854,300 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 5 ∫“∑ ™”√–§√∫·≈â« à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠ (À¡“¬‡Àμÿ¢âÕ 12 ·≈–¢âÕ 13) º≈μà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π ¢Õß∫√‘…—∑¬àÕ¬„πμà“ßª√–‡∑» √“¬°“√¢“¥∑ÿπ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®“°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“ ¢Õß‡ß‘π≈ß∑ÿπ °”‰√ – ¡ ®—¥ √√·≈â« ”√Õßμ“¡°ÆÀ¡“¬ (À¡“¬‡Àμÿ¢âÕ 16 ·≈–¢âÕ 17) ¬—ß‰¡à ‰¥â®—¥ √√ √«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ∫√‘…—∑„À≠à à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ √«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ √«¡Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ

525,000,000

434,769,000

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

525,000,000

434,769,000

459,458,400

374,271,500 302,164,900

459,458,400

374,271,500 302,164,900

14,474,896

20,471,528

14,474,896

20,471,528

(100,000)

›

(100,000)

›

37,427,150 35,888,500 37,427,150 35,888,500 566,842,409 515,510,880 566,842,409 515,510,880 1,512,871,855 1,248,307,308 1,512,871,855 1,248,307,308 59,809,838 56,186,090 › › 1,572,681,693 1,304,493,398 1,512,871,855 1,248,307,308 2,084,534,710 1,748,889,310 1,944,360,846 1,626,548,702

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

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫°”‰√¢“¥∑ÿπ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡ 2548 2547

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

√“¬‰¥â √“¬‰¥â®“°°“√¢“¬·≈–°“√„Àâ∫√‘°“√ √“¬‰¥âÕπ◊Ë à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπμ“¡«‘∏’ à«π‰¥â‡ ’¬ (À¡“¬‡Àμÿ¢âÕ 15) √«¡√“¬‰¥â

4,305,786 727,296 32,139,517 18,932,724 3,415,112,393 3,043,805,270 2,799,285,653 2,533,855,296

§à“„™â®à“¬ μâπ∑ÿπ¢“¬·≈–μâπ∑ÿπ°“√„Àâ∫√‘°“√ §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ √«¡§à“„™â®à“¬

1,933,030,511 1,737,709,552 1,769,215,752 1,600,807,571 1,186,197,455 1,046,099,553 764,560,324 691,880,247 3,119,227,966 2,783,809,105 2,533,776,076 2,292,687,818

°”‰√°àÕπ¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â ¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥â °”‰√À≈—ß¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â °”‰√ ÿ∑∏‘ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ °”‰√ ÿ∑∏‘

3,361,306,903 2,994,692,478 2,728,346,303 2,474,164,559 49,499,704 48,385,496 38,799,833 40,758,013

295,884,427 (2,120,589) (80,278,809) 213,485,029 (9,884,350) 203,600,679

259,996,165 (1,016,198) (69,791,916) 189,188,051 (5,960,805) 183,227,246

265,509,577 (1,871,989) (60,036,909) 203,600,679 › 203,600,679

241,167,478 (701,423) (57,238,809) 183,227,246 › 183,227,246

°”‰√μàÕÀÿâπ¢—Èπæ◊Èπ∞“π (À¡“¬‡Àμÿ¢âÕ 14)

2.68

2.53

2.68

2.53

°”‰√μàÕÀÿâπª√—∫≈¥ (À¡“¬‡Àμÿ¢âÕ 14)

2.54

2.29

2.54

2.29

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

› › › › › › ›

13,359,089 › 7,112,439 › › › 20,471,528

à«π¢Õß ºŸâ∂◊ÕÀÿâπ à«ππâÕ¬

Àπà«¬ : ∫“∑ √«¡

›

55,391,400

› › (1,255,217) 5,857,222 › 183,227,246 5,960,805 189,188,051 888,500 (888,500) › › › (172,418,250) › (172,418,250) 35,888,500 515,510,880 56,186,090 1,304,493,398

›

35,000,000 505,590,384 51,480,502 1,226,474,975

à«π‡°‘π º≈μà“ß®“°°“√ √“¬°“√¢“¥∑ÿπ °”‰√ – ¡ ¡Ÿ≈§à“ ·ª≈ß§à“ß∫°“√‡ß‘π ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®“° ®—¥ √√‡ªìπ ¬—ß‰¡à‰¥â Àÿπâ “¡—≠ ¢Õß∫√‘…∑— ¬àÕ¬ °“√‡ª≈’Ë¬π·ª≈ß ”√Õßμ“¡ ®—¥ √√ „πμà“ßª√–‡∑» ¡Ÿ≈§à“¢Õß‡ß‘π≈ß∑ÿπ °ÆÀ¡“¬

¬Õ¥§ß‡À≈◊Õμâπªï ≥ «—π∑’Ë 1 ¡°√“§¡ 2547 358,885,000 262,160,000 Àÿâπ “¡—≠‡æ‘Ë¡∑ÿπ·≈– à«π‡°‘π¡Ÿ≈§à“ (À¡“¬‡Àμÿ¢âÕ 13) 15,386,500 40,004,900 º≈μà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π ¢Õß∫√‘…—∑¬àÕ¬„πμà“ßª√–‡∑» › › °”‰√ ÿ∑∏‘ › › › ”√Õßμ“¡°ÆÀ¡“¬ (À¡“¬‡Àμÿ¢Õâ 16 ·≈–¢âÕ 17) › ‡ß‘πªíπº≈ (À¡“¬‡Àμÿ¢âÕ 17) › › ¬Õ¥§ß‡À≈◊Õª≈“¬ªï ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 374,271,500 302,164,900

∑ÿπ‡√◊ÕπÀÿâπ ∑’ËÕÕ°·≈– ™”√–·≈â«

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡

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

›

(5,996,632)

›

217,791,000 (6,260,602) (12,257,234)

›

35,888,500 515,510,880 56,186,090 1,304,493,398

à«π¢Õß ºŸâ∂◊ÕÀÿâπ à«ππâÕ¬

Àπà«¬ : ∫“∑ √«¡

(100,000) › › › (100,000) › › 203,600,679 9,884,350 213,485,029 › 1,538,650 (1,538,650) › › › › (150,730,500) › (150,730,500) (100,000) 37,427,150 566,842,409 59,809,838 1,572,681,693

›

› › › › 14,474,896

›

20,471,528

¬Õ¥§ß‡À≈◊Õμâπªï ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 374,271,500 302,164,900 Àÿâπ “¡—≠‡æ‘Ë¡∑ÿπ·≈– à«π‡°‘π¡Ÿ≈§à“ (À¡“¬‡Àμÿ¢âÕ 13) 60,497,500 157,293,500 º≈μà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π ¢Õß∫√‘…—∑¬àÕ¬„πμà“ßª√–‡∑» › › √“¬°“√¢“¥∑ÿπ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®“°°“√‡ª≈’Ë¬π·ª≈ß ¡Ÿ≈§à“¢Õß‡ß‘π≈ß∑ÿπ › › °”‰√ ÿ∑∏‘ › › ”√Õßμ“¡°ÆÀ¡“¬ (À¡“¬‡Àμÿ¢âÕ 16) › › ‡ß‘πªíπº≈ (À¡“¬‡Àμÿ¢âÕ 17) › › ¬Õ¥§ß‡À≈◊Õª≈“¬ªï ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 434,769,000 459,458,400

∑ÿπ‡√◊ÕπÀÿâπ ∑’ËÕÕ°·≈– ™”√–·≈â«

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ (μàÕ) ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡

S&P SYNDICATE PUBLIC COMPANY LIMITED

ANNUAL REPORT 2005

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

¬Õ¥§ß‡À≈◊Õμâπªï ≥ «—π∑’Ë 1 ¡°√“§¡ 2547 Àÿâπ “¡—≠‡æ‘Ë¡∑ÿπ·≈– à«π‡°‘π¡Ÿ≈§à“ (À¡“¬‡Àμÿ¢âÕ 13) º≈μà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π ¢Õß∫√‘…—∑¬àÕ¬„πμà“ßª√–‡∑» °”‰√ ÿ∑∏‘ ”√Õßμ“¡°ÆÀ¡“¬ (À¡“¬‡Àμÿ¢âÕ 16 ·≈–¢âÕ 17) ‡ß‘πªíπº≈ (À¡“¬‡Àμÿ¢âÕ 17) ¬Õ¥§ß‡À≈◊Õª≈“¬ªï ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 › › › › › › › › 374,271,500 302,164,900 7,112,439 › › › 20,471,528

13,359,089 ›

à«π‡°‘π º≈μà“ß®“°°“√ ¡Ÿ≈§à“ ·ª≈ß§à“ß∫°“√‡ß‘π Àÿπâ “¡—≠ ¢Õß∫√‘…∑— ¬àÕ¬ „πμà“ßª√–‡∑»

358,885,000 262,160,000 15,386,500 40,004,900

∑ÿπ‡√◊ÕπÀÿâπ ∑’ËÕÕ°·≈– ™”√–·≈â«

› › › › ›

› ›

Àπà«¬ : ∫“∑ √«¡

› › 7,112,439 › 183,227,246 183,227,246 888,500 (888,500) › › (172,418,250) (172,418,250) 35,888,500 515,510,880 1,248,307,308

35,000,000 505,590,384 1,174,994,473 › › 55,391,400

√“¬°“√¢“¥∑ÿπ °”‰√ – ¡ ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®“° ®—¥ √√‡ªìπ ¬—ß‰¡à‰¥â °“√‡ª≈’Ë¬π·ª≈ß ”√Õßμ“¡ ®—¥ √√ ¡Ÿ≈§à“¢Õß‡ß‘π≈ß∑ÿπ °ÆÀ¡“¬

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑

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

¬Õ¥§ß‡À≈◊Õμâπªï ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 Àÿâπ “¡—≠‡æ‘Ë¡∑ÿπ·≈– à«π‡°‘π¡Ÿ≈§à“ (À¡“¬‡Àμÿ¢âÕ 13) º≈μà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π ¢Õß∫√‘…—∑¬àÕ¬„πμà“ßª√–‡∑» √“¬°“√¢“¥∑ÿπ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®“°°“√‡ª≈’Ë¬π·ª≈ß ¡Ÿ≈§à“¢Õß‡ß‘π≈ß∑ÿπ °”‰√ ÿ∑∏‘ ”√Õßμ“¡°ÆÀ¡“¬ (À¡“¬‡Àμÿ¢âÕ 16) ‡ß‘πªíπº≈ (À¡“¬‡Àμÿ¢âÕ 17) ¬Õ¥§ß‡À≈◊Õª≈“¬ªï ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ›

› › › › › › › › 434,769,000 459,458,400

› › › › › 14,474,896

(5,996,632)

20,471,528 ›

à«π‡°‘π º≈μà“ß®“°°“√ ¡Ÿ≈§à“ ·ª≈ß§à“ß∫°“√‡ß‘π Àÿπâ “¡—≠ ¢Õß∫√‘…∑— ¬àÕ¬ „πμà“ßª√–‡∑»

374,271,500 302,164,900 60,497,500 157,293,500

∑ÿπ‡√◊ÕπÀÿâπ ∑’ËÕÕ°·≈– ™”√–·≈â«

›

(5,996,632)

35,888,500 515,510,880 1,248,307,308 › › 217,791,000

Àπà«¬ : ∫“∑ √«¡

(100,000) › › (100,000) › › 203,600,679 203,600,679 › 1,538,650 (1,538,650) › › › (150,730,500) (150,730,500) (100,000) 37,427,150 566,842,409 1,512,871,855

›

› ›

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ (μàÕ) ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑

S&P SYNDICATE PUBLIC COMPANY LIMITED

ANNUAL REPORT 2005

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡ 2548 2547 °√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π °”‰√ ÿ∑∏‘ √“¬°“√ª√—∫°√–∑∫°”‰√ ÿ∑∏‘‡ªìπ‡ß‘π ¥√—∫ (®à“¬) ®“°°‘®°√√¡¥”‡π‘πß“π à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπμ“¡«‘∏’ à«π‰¥â‡ ’¬ §à“‡ ◊ËÕ¡√“§“·≈– ‘∑∏‘°“√‡™à“μ—¥®”Àπà“¬ §à“§«“¡π‘¬¡μ—¥®”Àπà“¬ ¢“¥∑ÿπ®“°°“√μ—¥®”Àπà“¬ ‘π∑√—æ¬å‰¡à¡’μ—«μπ ¢“¥∑ÿπ®“°°“√‡≈‘°„™âÕÿª°√≥å (°”‰√) ¢“¥∑ÿπ®“°°“√¢“¬Õÿª°√≥å °”‰√ ÿ∑∏‘ à«π∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ °”‰√®“°°“√¥”‡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“ ‘π§â“§ß‡À≈◊Õ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ Àπ’È ‘π¥”‡π‘πß“π‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ‡®â“Àπ’È°“√§â“ ¿“…’‡ß‘π‰¥â§â“ß®à“¬ §à“„™â®à“¬§â“ß®à“¬ Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ ‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“°°‘®°√√¡¥”‡π‘πß“π

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

203,600,679

183,227,246

203,600,679

(4,305,786) 189,184,118 (206,279) › 1,678,391 366,412 9,884,350

(727,296) 155,471,095 (206,279) 9,607,514 10,942,943 (1,385,833) 5,960,805

(32,139,517) (18,932,724) 162,522,316 137,929,371 (206,279) (206,279) › 9,607,514 1,678,391 2,931,135 345,169 (1,385,833) › ›

400,201,885

362,890,195

335,800,759

(6,193,385) (4,323,956) (8,582,098) (15,470,888)

(11,848,532) (30,444,041) (16,327,427) (3,013,070)

(3,372,170) (18,315,562) (3,771,513) (35,381,037) (3,488,344) (53,407) (13,142,344) (4,032,549)

14,333,174 6,124,156 8,779,964 17,608,227 1,893,090 414,370,169

14,216,520 503,970 28,525,009 (18,123,918) › 326,378,706

11,411,871 4,585,519 8,337,685 5,713,322 › 342,074,785

183,227,246

313,170,430

17,056,926 1,457,234 18,769,452 (11,843,783) › 280,827,704

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫°√–· ‡ß‘π ¥ (μàÕ) ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡ 2548 2547 °√–· ‡ß‘π ¥®“°°‘®°√√¡≈ß∑ÿπ ‡ß‘π≈ß∑ÿπ™—Ë«§√“«‡æ‘Ë¡¢÷Èπ ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ≈¥≈ß (‡æ‘Ë¡¢÷Èπ) ‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬≈¥≈ß ‡ß‘π ¥®à“¬‡æ◊ËÕ´◊ÈÕ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ‡ß‘π ¥√—∫®“°°“√≈¥∑ÿπ¢Õß∫√‘…—∑¬àÕ¬ ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ≈¥≈ß (‡æ‘Ë¡¢÷Èπ) ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬–¬“«·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π≈¥≈ß ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬–¬“«Õ◊Ëπ (‡æ‘Ë¡¢÷Èπ) ≈¥≈ß ‡ß‘π ¥®à“¬‡æ◊ËÕ´◊ÈÕ ‘π∑√—æ¬å∂“«√ ‡ß‘πªíπº≈√—∫ ‡ß‘π ¥√—∫®“°°“√¢“¬ ‘π∑√—æ¬å∂“«√ ‘π∑√—æ¬å ‰¡à¡’μ—«μπ‡æ‘Ë¡¢÷Èπ ‡ß‘π ¥ ÿ∑∏‘„™â ‰ª„π°‘®°√√¡≈ß∑ÿπ

(29,182,978)

(506,686)

974,511 › › 1,984,232 1,200,493 › 59,503 (313,770,290) › 3,079,952 (8,713,460) (344,368,037)

6,464,283 655,398 › › (22,515,339) 1,050,000 60,217 (287,329,891) › 2,785,047 (4,219,959) (303,556,930)

Àπà«¬ : ∫“∑ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 (24,000,000)› (2,071,016) 7,555,976 › 655,398 (499,300) › 19,219,189 › › › › 1,050,000 73,800 (125,197) (289,074,645) (241,378,548) 28,621,921 › 2,733,645 2,785,047 (11,207,794) (130,000) (276,204,200) (229,587,324)

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫°√–· ‡ß‘π ¥ (μàÕ) ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡ 2548 2547 °√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π‡æ‘Ë¡¢÷Èπ ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ‡ß‘π ¥√—∫®“°°“√‡æ‘Ë¡∑ÿπ ‡ß‘πªíπº≈®à“¬ ‡ß‘π ¥ ÿ∑∏‘‰¥â¡“ („™â ‰ª) „π°‘®°√√¡®—¥À“‡ß‘π à«πª√—∫ª√ÿß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π ¢Õß∫√‘…—∑¬àÕ¬„πμà“ßª√–‡∑» ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ÿ∑∏‘ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥μâπªï ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ª≈“¬ªï ¢âÕ¡Ÿ≈‡æ‘Ë¡‡μ‘¡ª√–°Õ∫°√–· ‡ß‘π ¥ ‡ß‘π ¥®à“¬„π√–À«à“ßªï ¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥â

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

13,887,103

36,217,924

(40,294) 217,791,000 (150,730,500) 80,907,309

(1,194,658) 55,391,400 (172,418,250) (82,003,584)

(6,260,602)

1,080,522

›

144,648,839 297,549,825 442,198,664

(58,101,286) 355,651,111 297,549,825

151,258,600 189,555,854 340,814,454

(35,860,346) 225,416,200 189,555,854

1,940,315 74,151,713

1,050,794 69,289,896

1,691,715 55,451,391

701,423 55,781,575

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

18,282,576

31,717,424

44,939 (1,791,300) 217,791,000 55,391,400 (150,730,500) (172,418,250) 85,388,015 (87,100,726)

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 1. ¢âÕ¡Ÿ≈∑—Ë«‰ª ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ®—¥μ—Èß¢÷Èπμ“¡ª√–¡«≈°ÆÀ¡“¬·æàß·≈–æ“≥‘™¬å¢Õß ª√–‡∑»‰∑¬‡ªìπ∫√‘…—∑®”°—¥ ‡¡◊ËÕ«—π∑’Ë 14 μÿ≈“§¡ 2516 ·≈–®¥∑–‡∫’¬π·ª√ ¿“æ‡ªìπ∫√‘…—∑¡À“™π ‡¡◊ËÕ«—π∑’Ë 20 ‡¡…“¬π 2537 ‚¥¬¡’∑’Ëμ—Èß ”π—°ß“π„À≠à Õ¬Ÿà∑’Ë‡≈¢∑’Ë 457-457/6 ´Õ¬ ÿ¢ÿ¡«‘∑ 55 (´Õ¬∑ÕßÀ≈àÕ) ∂ππ ÿ¢ÿ¡«‘∑ ·¢«ß§≈Õßμ—π‡Àπ◊Õ ‡¢μ«—≤π“ °√ÿß‡∑æœ 10110 ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ‡ªìπ∫√‘…—∑·¡à¢Õß°≈ÿà¡∫√‘…—∑„π‡§√◊Õ ∑”∏ÿ√°‘®À≈—°§◊Õ °“√ª√–°Õ∫°‘®°“√√â“πÕ“À“√·≈–‡∫‡°Õ√’Ëª√–¡“≥ 252 “¢“ ·≈– 212 “¢“ „πªï 2548 ·≈– 2547 μ“¡≈”¥—∫ ∑—ßÈ „πª√–‡∑»·≈–μà“ßª√–‡∑» μ≈Õ¥®π‡ªìπºŸºâ ≈‘μ·≈–®”Àπà“¬º≈‘μ¿—≥±å‡∫‡°Õ√’Ë Õ“À“√ ”‡√Á®√Ÿª·™à·¢Áß √«¡∑—Èßº≈‘μ¿—≥±åÕ“À“√·≈–∫√‘°“√∑’Ë‡°’Ë¬«‡π◊ËÕßÕ◊ËπÊ ‡™àπ ∫√‘°“√®—¥‡≈’È¬ßπÕ° ∂“π∑’Ë ‡ªìπμâπ

¢âÕ¡Ÿ≈‡æ‘Ë¡‡μ‘¡‡°’Ë¬«°—∫®”π«π·≈–§à“„™â®à“¬æπ—°ß“π ®”π«πæπ—°ß“π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ·≈–§à“„™â®à“¬æπ—°ß“π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ´÷Ëß· ¥ß√«¡Õ¬Ÿà„πμâπ∑ÿπ¢“¬·≈–μâπ∑ÿπ°“√„Àâ∫√‘°“√·≈–§à“„™â®à“¬„π°“√¢“¬·≈– ∫√‘À“√ ¡’¥—ßπ’È ®”π«πæπ—°ß“π §à“„™â®à“¬æπ—°ß“π ≈â“π∫“∑ 2548 2547 2548 2547 ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) 4,051 3,806 652.53 565.21 ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ 4,130 3,902 835.75 724.59

2. ‡°≥±å°“√®—¥∑”ß∫°“√‡ß‘π·≈–À≈—°°“√®—¥∑”ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘ππ’È ‰¥â®—¥∑”‡ªìπ‡ß‘π∫“∑·≈–‡ªìπ¿“…“‰∑¬μ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª¢Õßª√–‡∑»‰∑¬ ∑—Èßπ’È ß∫°“√‡ß‘ππ’È¡’«—μ∂ÿª√– ß§å∑’Ë®—¥∑”¢÷Èπ‡æ◊ËÕ· ¥ß∞“π–°“√‡ß‘π º≈°“√¥”‡π‘πß“π·≈–°√–· ‡ß‘π ¥μ“¡À≈—°°“√ ∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª¢Õßª√–‡∑»‰∑¬‡∑à“π—Èπ ß∫°“√‡ß‘π¢Õß∫√‘…∑— ‰¥â®¥— ∑”¢÷πÈ μ“¡ª√–°“»¢Õß°√¡∑–‡∫’¬π°“√§â“ (ªí®®ÿ∫π— §◊Õ °√¡æ—≤π“∏ÿ√°‘®°“√§â“) ≈ß«—π∑’Ë 14 °—π¬“¬π 2544 ‡√◊ËÕß °”Àπ¥√“¬°“√¬àÕ∑’ËμâÕß¡’„πß∫°“√‡ß‘π æ.». 2544 πÕ°®“°π’Èß∫°“√‡ß‘π¢Õß ∫√‘…—∑‰¥â®—¥∑”¢÷Èπμ“¡¢âÕ∫—ß§—∫¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ≈ß«—π∑’Ë 22 ¡°√“§¡ 2544 ‡√◊ËÕß°“√®—¥∑” ·≈– àßß∫°“√‡ß‘π·≈–√“¬°“√‡°’Ë¬«°—∫∞“π–°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑®¥∑–‡∫’¬π æ.». 2544

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S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

™◊ËÕ∫√‘…—∑

∂◊ÕÀÿâπ‚¥¬∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ ∫√‘…∑— ¬àÕ¬ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‡√ ∑—«√Õß∑å ®”°—¥ ∫√‘…—∑ ¿—∑√“ (‡®π’«“) ®”°—¥ ∫√‘…—∑ ∏’¡ øŸÑ¥ å (æ’∑’Õ’) ®”°—¥ ∫√‘…—∑ ¬“¡ §‘∑‡™àπ §√Õ ‡«¬å æâÕ¬∑å æ’∑’Õ’ ®”°—¥ ∫√‘…—∑ ¿—∑√“ ‰μâÀ«—π ®”°—¥ ∫√‘…—∑ æ“∑‘‚Õ Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ®”°—¥ ∫√‘…—∑ ¬“¡ §‘∑‡™àπ ‡Õ ¥’‡ÕÁπ ∫’‡Õ ¥’ ®”°—¥ (∂◊ÕÀÿâπ‚¥¬ ∫√‘…—∑ ∏’¡ øŸÑ¥ å (æ’∑’Õ’) ®”°—¥) ∫√‘…—∑√à«¡ ∫√‘…—∑ ¿—∑√“ ¥’‡«≈≈Õª‡¡π∑å ®”°—¥

‘π∑√—æ¬å¢Õß ∫√‘…∑— ¬àÕ¬ §‘¥‡ªìπ√âÕ¬≈– ¢Õß ‘π∑√—æ¬å√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 2547

ß∫°“√‡ß‘π√«¡ ‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷° √“¬‰¥â à«π·∫àß°”‰√ (¢“¥∑ÿπ) ‚¥¬«‘∏’ à«π‰¥â‡ ’¬ §‘¥‡ªìπ√âÕ¬≈– §‘¥‡ªìπ√âÕ¬≈–¢Õß §‘¥‡ªìπ√âÕ¬≈– ¢Õß√“¬‰¥â√«¡ °”‰√ ÿ∑∏‘ ¢Õß ‘π∑√—æ¬å ÿ∑∏‘ ”À√—∫ªï ”À√—∫ªï ≥ «—π∑’Ë ‘πÈ ÿ¥«—π∑’Ë ‘πÈ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 31 ∏—π«“§¡ 31 ∏—π«“§¡ 2548 2547 2548 2547 2548 2547

7.26 1.06 1.19

7.33 1.11 1.91*

› › ›

8.34 1.93 2.46

6.63 › 2.06 › 2.69* ›

› › ›

1.19 0.28 0.86

1.03* 0.27* 0.76*

› › ›

4.34 0.50 1.16

3.77* › 0.51* › 0.78* ›

› › ›

›

0.01*

0.02*

›

(0.11)

› 11.84

› 12.41

0.19 0.20

0.20 0.22

› 18.73

›

› 0.24 16.44 0.24

(0.29) (0.40)

‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ·≈– à«π·∫àß°”‰√ (¢“¥∑ÿπ) ®“°‡ß‘π≈ß∑ÿπμ“¡«‘∏’ à«π‰¥â‡ ’¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ¢Õß∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡ ¡’®”π«π§‘¥‡ªìπ√âÕ¬≈–¢Õß ‘π∑√—æ¬å ÿ∑∏‘ ·≈–°”‰√ ÿ∑∏‘ μ“¡≈”¥—∫„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑¥—ß √ÿªμàÕ‰ªπ’È

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷° à«π·∫àß°”‰√ (¢“¥∑ÿπ) ‚¥¬«‘∏’ «à π‰¥â‡ ’¬§‘¥‡ªìπ §‘¥‡ªìπ√âÕ¬≈–¢Õß°”‰√ ÿ∑∏‘ √âÕ¬≈–¢Õß ‘π∑√—æ¬å ÿ∑∏‘ ”À√—∫ªï ‘Èπ ÿ¥ ≥ «—π∑’Ë 31 ∏—π«“§¡ «—π∑’Ë 31 ∏—π«“§¡ 2548 2547 2548 2547

™◊ËÕ∫√‘…—∑

∂◊ÕÀÿâπ‚¥¬∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ §‘∑‡™àπ ®”°—¥ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‡∫‡°Õ√’Ë ‚ª√¥—° å ®”°—¥ (3) ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ¥‘ ∑√‘∫«‘ ™—Ëπ ·Õπ¥å ‡´≈≈å ®”°—¥ (3) ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ·ø√π‰™πå´‘Ëß ®”°—¥ (3) ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ ( —¥ à«π¢Õß∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡¢Õß∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ · ¥ß¥â“π≈à“ß) ∫√‘…—∑ ‡ √’«—≤πå øŸÑ¥ å ®”°—¥ (1) ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‰¡‡πÕ√å øŸÑ¥ ®”°—¥ (2) ∫√‘…—∑√à«¡ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‰¡‡πÕ√å øŸÑ¥ ®”°—¥ ∫√‘…—∑ ‡Õ™¥’ ¥‘ ∑√‘∫‘«‡μÕ√å (ª√–‡∑»‰∑¬) ®”°—¥ ∂◊ÕÀÿâπ‚¥¬∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‡√ ∑—«√Õß∑å ®”°—¥ ∫√‘…—∑ ¿—∑√“ (‡®π’«“) ®”°—¥ ∫√‘…—∑ ∏’¡ øŸÑ¥ å (æ’∑’Õ’) ®”°—¥ ∫√‘…—∑ ¬“¡ §‘∑‡™àπ §√Õ ‡«¬å æâÕ¬∑å æ’∑’Õ’ ®”°—¥ ∫√‘…—∑ ¿—∑√“ ‰μâÀ«—π ®”°—¥ ∫√‘…—∑ æ“∑‘‚Õ Õ‘π‡μÕ√å‡π™—Ëπ·π≈ ®”°—¥ ∫√‘…—∑√à«¡ ∫√‘…—∑ ¿—∑√“ ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ ∂◊ÕÀÿâπºà“π∫√‘…—∑ ∏’¡ øŸÑ¥ å (æ’∑’Õ’) ®”°—¥ ª√–‡∑» ‘ß§‚ª√å ∫√‘…—∑ ¬“¡ §‘∑‡™àπ ‡Õ ¥’‡ÕÁπ ∫’‡Õ™¥’ ®”°—¥

0.47 › › › 10.31

1.44 0.38 0.08 0.19 10.84

0.07 0.01 (0.01) › 13.02

0.07 0.01 (0.01) › 7.04

0.30 0.20

2.56 ›

0.17 0.64

2.98 ›

› 2.86* 14.14

0.14* 3.16* 18.79

› 1.87* 15.77

0.57* (0.16)* 10.50

6.39 0.49 0.54* 0.14* (0.06)* 0.19*

6.41 0.49 0.56* 0.09* (0.05)* 0.34*

10.76 0.97 0.48* 0.51* (0.14)* (0.66)*

4.78 0.29 0.56* (0.34)* (0.58)* 0.23*

0.20

0.21*

0.24

(0.29)*

0.02* 7.91

0.02* 8.07

› 12.16

(0.11)* 4.54

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

* „™â¢âÕ¡Ÿ≈∑’Ë®—¥‡μ√’¬¡‚¥¬ºŸâ∫√‘À“√·≈–¬—ß‰¡à ‰¥âºà“π°“√μ√«® Õ∫·≈– Õ∫∑“π‚¥¬ºŸâ Õ∫∫—≠™’ (1) „π‡¥◊Õπμÿ≈“§¡ 2547 ∫√‘…—∑¥—ß°≈à“«‰¥âÀ¬ÿ¥¥”‡π‘π°“√ ·≈–‰¥â ‚Õπ∫ÿ§≈“°√·≈– ‘∑∏‘„π°“√¥”‡π‘πß“π∑—ÈßÀ¡¥„Àâ·°à∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) (2) ∫√‘…—∑‰¥â´◊ÈÕÀÿâπ‡æ‘Ë¡®“°ºŸâ∂◊ÕÀÿâπ‡¥‘¡‡ªìπ®”π«π‡ß‘π 499,300 ∫“∑ „π‰μ√¡“ ∑’Ë “¡ªï 2548 (3) ‡¡◊ËÕ«—π∑’Ë 24 ‘ßÀ“§¡ 2548 ∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‡∫‡°Õ√’Ë ‚ª√¥—° å ®”°—¥ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ¥‘ ∑√‘∫‘«™—Ëπ ·Õπ¥å ‡´≈≈å ®”°—¥ ·≈–∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ·ø√π‰™πå´‘Ëß ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑¬àÕ¬ ‰¥â¡’¡μ‘„Àâ‡≈‘°∫√‘…—∑ ´÷ËßμàÕ¡“‡¡◊ËÕ«—π∑’Ë 12 °—π¬“¬π 2548 ∑’Ëª√–™ÿ¡«‘ “¡—≠ ‰¥â¡¡’ μ‘Õπÿ¡μ— ¬‘ π◊ ¬—π„π°“√®¥∑–‡∫’¬π‡≈‘°∫√‘…∑— ·≈–‰¥â¥”‡π‘π°“√¬◊πË §”¢Õ‡≈‘°∫√‘…∑— μàÕ ”π—°ß“π∑–‡∫’¬πÀÿπâ à«π∫√‘…∑— °√–∑√«ßæ“≥‘™¬å·≈â« ‡¡◊ÕË «—π∑’Ë 26 °—π¬“¬π 2548

3. π‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠ π‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠ √ÿª‰¥â¥—ßμàÕ‰ªπ’È 3.1 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ª√–°Õ∫¥â«¬ ‡ß‘π ¥„π¡◊Õ ‡ß‘πΩ“°∏π“§“√ ·≈–‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑ÿ°ª√–‡¿∑∑’Ë∂÷ß°”Àπ¥®à“¬„π√–¬–‡«≈“ “¡‡¥◊ÕπÀ√◊ÕπâÕ¬°«à“ ‚¥¬‰¡à√«¡‡ß‘πΩ“° ∏π“§“√∑’Ë¡¿’ “√–ºŸ°æ—π 3.2 §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ °”Àπ¥¢÷Èπ‚¥¬ª√–¡“≥®”π«πÀπ’È∑’Ë§“¥«à“®–‡°Á∫‡ß‘π‰¡à ‰¥â °“√ª√–¡“≥ ¥—ß°≈à“« Õ“»—¬ª√– ∫°“√≥å¢Õß∫√‘…—∑„π°“√‡°Á∫‡ß‘π®“°≈Ÿ°Àπ’È ª√–°Õ∫°—∫°“√æ‘®“√≥“∞“π– °“√‡ß‘π¢Õß≈Ÿ°Àπ’È¥â«¬ 3.3 ‘π§â“§ß‡À≈◊Õ ‘π§â“§ß‡À≈◊Õ¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬· ¥ß„π√“§“∑ÿπÀ√◊Õ¡Ÿ≈§à“ ÿ∑∏‘∑’Ë®–‰¥â√—∫·≈â«·μà√“§“„¥®– μË”°«à“ ‚¥¬√“§“∑ÿπ¢Õß ‘π§â“§ß‡À≈◊Õ¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬®”π«π 3 ·Ààß §”π«≥μ“¡«‘∏’ ∂—«‡©≈’Ë¬ ·≈–∫√‘…—∑¬àÕ¬Õ’°®”π«π 2 ·Ààß §”π«≥μ“¡«‘∏’‡¢â“°àÕπÕÕ°°àÕπ 3.4 ‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°¥â«¬«‘∏’ à«π‰¥â‡ ’¬ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡· ¥ß‚¥¬«‘∏’ à«π‰¥â‡ ’¬ „π°√≥’∑’Ë¡’°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπ º≈¢“¥∑ÿπ¢Õß‡ß‘π≈ß∑ÿπ®–∂Ÿ°∫—π∑÷°„πß∫°”‰√¢“¥∑ÿπ 3.5 ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ ‰¥â·°à ‡ß‘πΩ“°∏π“§“√∑’Ëμ‘¥¿“√–§È”ª√–°—π ·≈–‡ß‘π≈ß∑ÿπ„πμ√“ “√∑ÿπ ∑’Ë ‰¡àÕ¬Ÿà„π§«“¡μâÕß°“√¢Õßμ≈“¥´÷Ëß∫√‘…—∑∂◊Õ‰«â‡ªìπ‡ß‘π≈ß∑ÿπ∑—Ë«‰ª · ¥ß¥â«¬√“§“∑ÿπ

3.6 ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å ∑’Ë¥‘π¢Õß∫√‘…—∑· ¥ß„π√“§“∑ÿπ Õ“§“√·≈–Õÿª°√≥å¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬„πª√–‡∑» · ¥ß„π √“§“∑ÿπÀ—°¥â«¬§à“‡ ◊ËÕ¡√“§“ – ¡ §à“‡ ◊ËÕ¡√“§“§”π«≥‚¥¬«‘∏’‡ âπμ√ßμ“¡‡°≥±åÕ“¬ÿ°“√„™â ‘π∑√—æ¬å‚¥¬ª√–¡“≥ 20 ªï ”À√—∫Õ“§“√ 5 ªï ”À√—∫§à“ª√—∫ª√ÿß∑’Ë¥‘π ·≈– 5 - 8 ªï ”À√—∫ Õÿª°√≥å Õÿª°√≥å¢Õß∫√‘…—∑¬àÕ¬„πμà“ßª√–‡∑» · ¥ß„π√“§“∑ÿπÀ—°¥â«¬§à“‡ ◊ËÕ¡√“§“ – ¡ §à“‡ ◊ËÕ¡√“§“ §”π«≥‚¥¬«‘∏’‡ âπμ√ß·≈–«‘∏’¬Õ¥§ß‡À≈◊Õ≈¥≈ßμ“¡Õ“¬ÿ°“√„™â ‘π∑√—æ¬å‚¥¬ª√–¡“≥ 4 - 5 ªï 3.7 ‘π∑√—æ¬å ‰¡à¡’μ—«μπ ‘π∑√—æ¬å ‰¡à¡’μ—«μπ ª√–°Õ∫¥â«¬ 1. §à“æ—≤π“´Õøμå·«√å§Õ¡æ‘«‡μÕ√å · ¥ß„π√“§“∑ÿπ °”Àπ¥μ—¥∫—≠™’‡ªìπ§à“„™â®à“¬¿“¬„π 5 ªï 2. ‘∑∏‘°“√‡™à“¢Õß∫√‘…—∑ °”Àπ¥μ—¥∫—≠™’μ“¡Õ“¬ÿ —≠≠“‡™à“‚¥¬«‘∏’‡ âπμ√ß ”À√—∫ ‘∑∏‘°“√‡™à“ √–¬–¬“«¢Õß∫√‘…—∑¬àÕ¬„πμà“ßª√–‡∑» °”Àπ¥μ—¥∫—≠™’„πÕ—μ√“√âÕ¬≈– 2 ¢Õß√“§“∑ÿπμ“¡«‘∏’ ‡ âπμ√ß à«π ‘∑∏‘°“√‡™à“√–¬– —Èπμ—¥∫—≠™’μ“¡Õ“¬ÿ¢Õß —≠≠“‡™à“ 3. §à“§«“¡π‘¬¡ ‰¥â·°à à«π‡°‘π√“§“∑ÿπ∑’Ë Ÿß°«à“¡Ÿ≈§à“ ‘π∑√—æ¬å ÿ∑∏‘¢Õß‡ß‘π≈ß∑ÿπ ≥ «—π´◊ÈÕÀÿâπ„π ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß ´÷Ëß ÿ∑∏‘®“°§à“§«“¡π‘¬¡μ‘¥≈∫∑’Ë‡ªìπ à«π‡°‘π¢Õß ‘π∑√—æ¬å ÿ∑∏‘ Ÿß°«à“√“§“ ∑ÿπ¢Õß‡ß‘π≈ß∑ÿπ ≥ «—π´◊ÈÕÀÿâπ„π∫√‘…—∑¬àÕ¬ Õß·Ààß °”Àπ¥μ—¥®”Àπà“¬‚¥¬«‘∏’‡ âπμ√ß¿“¬„π √–¬–‡«≈“ 10 ªï π—∫μ—Èß·μà«—π´◊ÈÕÀÿâπ 3.8 °Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ ∫√‘…∑— ¡’°Õß∑ÿπ ”√Õß‡≈’¬È ß™’æ μ“¡æ√–√“™∫—≠≠—μ°‘ Õß∑ÿπ ”√Õß‡≈’¬È ß™’æ æ.». 2530 ‚¥¬¡’æπ—°ß“π ¢Õß∫√‘…—∑‡ªìπ ¡“™‘°‚¥¬§«“¡ ¡—§√„® μ“¡√–‡∫’¬∫¢Õß°Õß∑ÿπ ¡“™‘°®à“¬‡ß‘π ¡∑∫‡¢â“°Õß∑ÿπ „πÕ—μ√“√âÕ¬≈– 2 ¢Õß‡ß‘π‡¥◊Õπ ·≈–∫√‘…∑— ®à“¬ ¡∑∫„πÕ—μ√“√âÕ¬≈– 2 ¢Õß§à“®â“ß·μà≈–‡¥◊Õπ ¡“™‘° ¡’ ‘∑∏‘‰¥â√—∫‡ß‘π – ¡¢Õß ¡“™‘°§◊π∑—Èß®”π«π√«¡∑—Èßº≈ª√–‚¬™πå ÿ∑∏‘ ·≈–‰¥â√—∫‡ß‘π ¡∑∫¢Õß ∫√‘…—∑√«¡∑—Èßº≈ª√–‚¬™πå ÿ∑∏‘„πÕ—μ√“∑’Ë°”Àπ¥μ“¡Õ“¬ÿ¢Õß ¡“™‘° °Õß∑ÿπ ”√Õß‡≈’È¬ß™’æπ’È¡’∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ·ÀàßÀπ÷Ëß‡ªìπºŸâ®—¥°“√°Õß∑ÿπ ®÷ß‰¡à¡’¬Õ¥ ª√“°Ø„πß∫¥ÿ≈ 3.9 ∫—≠™’∑’Ë‡ªìπ‡ß‘πμ√“μà“ßª√–‡∑» √“¬°“√∫—≠™’∑’Ë‡ªìπ‡ß‘πμ√“μà“ßª√–‡∑»∑’Ë‡°‘¥¢÷Èπ„π√–À«à“ßªï ·ª≈ß§à“‡ªìπ‡ß‘π∫“∑μ“¡Õ—μ√“ ·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë‡°‘¥√“¬°“√ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‡ªìπμ—«‡ß‘π∑’Ë‡ªìπ‡ß‘πμ√“μà“ßª√–‡∑» ≥ «—π ‘πÈ ªï·ª≈ß§à“‡ªìπ‡ß‘π∫“∑μ“¡Õ—μ√“·≈°‡ª≈’¬Ë π ≥ «—ππ—πÈ ´÷ßË °”Àπ¥‚¥¬∏π“§“√·Ààßª√–‡∑»‰∑¬ °”‰√¢“¥∑ÿπ®“°°“√·ª≈ß§à“¥—ß°≈à“«√«¡‰«â „πß∫°”‰√¢“¥∑ÿπ

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

°“√·ª≈ß§à“ß∫°“√‡ß‘πμà“ßª√–‡∑»‡ªìπ‡ß‘π∫“∑‡æ◊ËÕ∑”ß∫°“√‡ß‘π√«¡„™âÕ—μ√“·≈°‡ª≈’Ë¬π¥—ßμàÕ‰ªπ’È °. ‘π∑√—æ¬å·≈–Àπ’È ‘π ·ª≈ß§à“‚¥¬„™âÕ—μ√“·≈°‡ª≈’Ë¬π ≥ «—π ‘Èπªï ¢. à«π¢ÕßºŸâ∂◊ÕÀÿâπ ·ª≈ß§à“‚¥¬„™âÕ—μ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë‡°‘¥√“¬°“√ §. √“¬‰¥â·≈–§à“„™â®à“¬ ·ª≈ß§à“‚¥¬„™âÕ—μ√“·≈°‡ª≈’Ë¬π∂—«‡©≈’Ë¬√–À«à“ßªï °”‰√ (¢“¥∑ÿπ) ®“°°“√·ª≈ß§à“ß∫°“√‡ß‘πμà“ßª√–‡∑» · ¥ß‰«â¿“¬„μâ à«π¢ÕßºŸâ∂◊ÕÀÿâπ √“¬°“√μ—¥∫—≠™’√–À«à“ß°—π„™âÕ—μ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë‡°‘¥√“¬°“√·≈–«—π∑’Ë®—¥∑”ß∫°“√‡ß‘π√«¡ 3.10 °“√√—∫√Ÿâ√“¬‰¥â·≈–§à“„™â®à“¬ √“¬‰¥â®“°°“√¢“¬ ‘π§â“·≈–μâπ∑ÿπ¢“¬ ‘π§â“ √—∫√Ÿâ‡ªìπ√“¬‰¥â·≈–μâπ∑ÿπ¢“¬„πß∫°”‰√¢“¥∑ÿπ ‡¡◊ËÕ‰¥â ‚Õπ§«“¡‡ ’Ë¬ß·≈–º≈μÕ∫·∑π∑’Ë‡ªìπ “√– ”§—≠¢Õß§«“¡‡ªìπ‡®â“¢Õß ‘π§â“„Àâ°—∫ºŸâ´◊ÈÕ·≈â« √“¬‰¥âÕ◊Ëπ·≈–§à“„™â®à“¬Õ◊Ëπ√—∫√Ÿâμ“¡‡°≥±å§ß§â“ß 3.11 ¿“…’‡ß‘π‰¥â ¿“…’‡ß‘π‰¥â¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬„πª√–‡∑» ”À√—∫·μà≈–ªï∫—π∑÷°∫—≠™’μ“¡‡°≥±å§ß§â“ß ‚¥¬ §”π«≥®“°°”‰√ ÿ∑∏‘‡æ◊ËÕ‡ ’¬¿“…’ª√–®”ªï ¿“…’‡ß‘π‰¥â¢Õß∫√‘…—∑¬àÕ¬„πμà“ßª√–‡∑» ”À√—∫·μà≈–ªï∫—π∑÷°μ“¡‡°≥±å§ß§â“ß ‚¥¬§”π«≥ μ“¡‡°≥±å∑’Ë°”Àπ¥‚¥¬ª√–‡∑»∑’Ë°‘®°“√‡¢â“‰ª¥”‡π‘π∏ÿ√°‘®‚¥¬ª√–¡“≥ 3.12 °”‰√μàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√μàÕÀÿâπ¢—Èπæ◊Èπ∞“π §”π«≥‚¥¬À“√°”‰√ ÿ∑∏‘ ”À√—∫ªï¥â«¬®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—° „π√–À«à“ßªï °”‰√μàÕÀÿâπª√—∫≈¥ §”π«≥‚¥¬À“√°”‰√ ÿ∑∏‘ ”À√—∫ªï¥â«¬º≈√«¡¢Õß®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬ ∂à«ßπÈ”Àπ—°„π√–À«à“ßªï °—∫®”π«π∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°¢ÕßÀÿâπ “¡—≠∑’Ë∫√‘…—∑Õ“®μâÕßÕÕ°‡æ◊ËÕ·ª≈ß Àÿâπ “¡—≠‡∑’¬∫‡∑à“ª√—∫≈¥∑—Èß ‘Èπ („∫ ”§—≠· ¥ß ‘∑∏‘) „Àâ‡ªìπÀÿâπ “¡—≠ 3.13 °“√ª√–¡“≥°“√∑“ß∫—≠™’ „π°“√®—¥∑”ß∫°“√‡ß‘π„Àâ‡ªìπ‰ªμ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ΩÉ“¬∫√‘À“√μâÕß„™â°“√ª√–¡“≥ ·≈–μ—ßÈ ¢âÕ ¡¡μ‘∞“πÀ≈“¬ª√–°“√ ´÷ßË ¡’º≈°√–∑∫μàÕ®”π«π‡ß‘π∑’‡Ë °’¬Ë «°—∫√“¬‰¥â §à“„™â®“à ¬ ‘π∑√—æ¬å ·≈–Àπ’È ‘π ·≈–°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈‡°’Ë¬«°—∫ ‘π∑√—æ¬å ·≈–Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ ´÷Ëßº≈∑’Ë‡°‘¥¢÷Èπ®√‘ß Õ“®·μ°μà“ß‰ª®“°®”π«π∑’Ëª√–¡“≥‰«â

4. ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡æ◊ËÕ«—μ∂ÿª√– ß§å„π°“√®—¥∑”ß∫°√–· ‡ß‘π ¥μ“¡¡“μ√∞“π°“√∫—≠™’∑’Ë‡°’Ë¬«¢âÕß ‡ß‘π ¥·≈–√“¬°“√ ‡∑’¬∫‡∑à“‡ß‘π ¥ ≥ «—π∑’Ë 31 ∏—π«“§¡ ª√–°Õ∫¥â«¬ Àπà«¬ : æ—π∫“∑ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…∑— 2548 2547 2548 2547 ‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√ 411,747 214,309 310,363 159,040 ‡ß‘πΩ“°∏π“§“√ª√–‡¿∑ª√–®” 30,451 30,516 30,451 30,516 μ—Î« —≠≠“„™â‡ß‘π ∂“∫—π°“√‡ß‘π › 52,725 › › ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ 442,198 297,550 340,814 189,556 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‰¥â·°à ‡ß‘π ¥„π¡◊Õ ‡ß‘πΩ“°∏π“§“√∑ÿ°ª√–‡¿∑ ·≈–μ—Î«‡ß‘π√—∫ ∂“∫—π°“√‡ß‘π∑’Ë¡’°”Àπ¥‡«≈“‰∂à∂Õπ§◊π‰¡à‡°‘π 3 ‡¥◊Õπ ·≈–‰¡àμ‘¥¿“√–§È”ª√–°—π ‚¥¬¡’Õ—μ√“¥Õ°‡∫’È¬‡ªìπ‰ª μ“¡μ≈“¥∑—Ë«‰ª

5. ‡ß‘π≈ß∑ÿπ™—Ë«§√“« ‡ß‘π≈ß∑ÿπ™—Ë«§√“« ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ‡ªìπ‡ß‘π≈ß∑ÿπ„πμ—Î« —≠≠“„™â‡ß‘π ∂“∫—π °“√‡ß‘π∑’Ë¡’°”Àπ¥‡«≈“‰∂à∂Õπ§◊π‰¡à‡°‘π 12 ‡¥◊Õπ ·≈–‰¡àμ‘¥¿“√–§È”ª√–°—π ‚¥¬¡’Õ—μ√“¥Õ°‡∫’È¬μ“¡μ≈“¥∑—Ë«‰ª

6. ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’¬Õ¥≈Ÿ°Àπ’È°“√§â“§ß‡À≈◊Õ (´÷Ëß√«¡≈Ÿ°Àπ’È°“√§â“°‘®°“√ ∑’Ë‡°’Ë¬«¢âÕß°—π) ‚¥¬·¬°μ“¡®”π«π‡¥◊Õπ∑’Ë§â“ß™”√–‰¥â¥—ßπ’È Àπà«¬ : æ—π∫“∑ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…∑— 2548 2547 2548 2547 ¬—ß‰¡à∂÷ß°”Àπ¥ 69,211 59,900 60,696 54,529 ‡°‘π°”Àπ¥™”√– πâÕ¬°«à“À√◊Õ‡∑à“°—∫ 3 ‡¥◊Õπ 31,595 33,892 31,595 33,254 ¡“°°«à“ 3 ‡¥◊Õπ ∂÷ß 6 ‡¥◊Õπ 2,060 3,343 2,060 3,343 ¡“°°«à“ 6 ‡¥◊Õπ ∂÷ß 12 ‡¥◊Õπ 435 106 435 106 ¡“°°«à“ 12 ‡¥◊Õπ¢÷Èπ‰ª 9,347 9,293 6,905 7,090 √«¡ 112,648 106,534 101,691 98,322 À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ (12,058) (12,137) (9,931) (9,934) ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ 100,590 94,397 91,760 88,388

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

7. ‘π§â“§ß‡À≈◊Õ - ÿ∑∏‘ ‘π§â“§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡ 2548 2547 37,519 37,224 1,132 1,096 41,413 43,824 32,793 29,396 7,811 5,599 › 45 120,668 117,184 › (840) 120,668 116,344

‘π§â“ ”‡√Á®√Ÿª ß“π√–À«à“ß∑” «—μ∂ÿ¥∫‘ «— ¥ÿÀ∫’ ÀàÕ Õ–‰À≈à·≈–«— ¥ÿ ‘Èπ‡ª≈◊Õß ‘π§â“√–À«à“ß∑“ß √«¡ À—° ”√Õß ‘π§â“‡ ◊ËÕ¡ ¿“æ ‘π§â“§ß‡À≈◊Õ - ÿ∑∏‘

Àπà«¬ : æ—π∫“∑ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 37,519 37,224 1,132 1,096 36,001 38,153 32,793 29,396 7,811 5,599 › 17 115,256 111,485 › › 115,256 111,485

8. ‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬ ‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬„πß∫°“√‡ß‘π√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ª√–°Õ∫¥â«¬ Àπà«¬ : æ—π∫“∑ ª√–‡¿∑ ≈—°…≥– ∑ÿπ™”√–·≈â« —¥ à«π μ“¡«‘∏’ μ“¡«‘∏’ ‡ß‘πªíπº≈ °‘®°“√ §«“¡ —¡æ—π∏å (æ—π∫“∑) ‡ß‘π≈ß∑ÿπ √“§“∑ÿπ à«π‰¥â‡ ’¬ (√âÕ¬≈–)

∫√‘…∑— ¬àÕ¬ ∫√‘…—∑ ¬“¡ §‘∑‡™àπ ‡Õ ¥’‡ÕÁπ ∫’‡Õ™¥’ ®”°—¥ √â“πÕ“À“√‰∑¬ ºŸâ∂◊ÕÀÿâπ·≈– ºŸâ∫√‘À“√√à«¡°—π 2,845 ∫√‘…—∑√à«¡ ∫√‘…—∑ ‡Õ™¥’ ¥‘ ∑√‘∫‘«‡μÕ√å μ—«·∑π®”Àπà“¬ (ª√–‡∑»‰∑¬) ®”°—¥ Õ“À“√ é 100,000 ∂◊ÕÀÿâπ‚¥¬∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ ∫√‘…—∑ ¿—∑√“ ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ ∫√‘…—∑ ¬Ÿ‡π’¬π °“¬ ‡Õ ·Õπ¥å æ’ ®”°—¥ √«¡

√â“πÕ“À“√ é

é é

5,314 50

50.00

1,423

235

›

49.00

48,998 43,238

›

45.00 20.00

2,392 3,011 10 › 52,823 46,484

› › ›

‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬„πß∫°“√‡ß‘π√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 ª√–°Õ∫¥â«¬ Àπà«¬ : æ—π∫“∑ ª√–‡¿∑ ≈—°…≥– ∑ÿπ™”√–·≈â« —¥ à«π μ“¡«‘∏’ μ“¡«‘∏’ ‡ß‘πªíπº≈ °‘®°“√ §«“¡ —¡æ—π∏å (æ—π∫“∑) ‡ß‘π≈ß∑ÿπ √“§“∑ÿπ à«π‰¥â‡ ’¬ (√âÕ¬≈–)

∫√‘…∑— ¬àÕ¬ ∫√‘…—∑ ¬“¡ §‘∑‡™àπ ‡Õ ¥’‡ÕÁπ ∫’‡Õ™¥’ ®”°—¥ √â“πÕ“À“√‰∑¬ ºŸâ∂◊ÕÀÿâπ·≈– ºŸâ∫√‘À“√√à«¡°—π ∫√‘…—∑√à«¡ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‰¡‡πÕ√å øŸÑ¥ ®”°—¥ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‡§‡∑Õ√‘Ëß ®”°—¥ ∫√‘…—∑ ‡Õ™¥’ ¥‘ ∑√‘∫‘«‡μÕ√å (ª√–‡∑»‰∑¬) ®”°—¥ ∂◊ÕÀÿâπ‚¥¬∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ ∫√‘…—∑ ¿—∑√“ ¥’‡«≈≈Õª‡¡π∑å ®”°—¥ ∫√‘…—∑ ¬Ÿ‡π’¬π °“¬ ‡Õ ·Õπ¥å æ’ ®”°—¥ √«¡

2,845

50.00

1,423

241

›

500 ›

1,798 50

› 155

„Àâ‡™à“æ◊Èπ∑’ËÕ“§“√ À¬ÿ¥¥”‡π‘πß“π* μ—«·∑π®”Àπà“¬ Õ“À“√

é é

1,000 1,000

50.00 50.00

100,000

49.00

48,998 39,428

›

√â“πÕ“À“√ é

é é

5,314 50

45.00 20.00

2,392 2,645 10 › 53,323 44,162

› › 155

* À¬ÿ¥°“√¥”‡π‘πß“π ‚¥¬¢“¬ ‘π∑√—æ¬å ‚Õπ∫ÿ§≈“°√·≈– ‘∑∏‘„π°“√¥”‡π‘πß“π∑—ÈßÀ¡¥„Àâ·°à∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ∑—Èßπ’Èμ—Èß·μà ‰μ√¡“ 2 ªï 2541 ·≈–‡¡◊ËÕ«—π∑’Ë 31 ‘ßÀ“§¡ 2547 ∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‡§‡∑Õ√‘Ëß ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑√à«¡ ‰¥â¡’¡μ‘„Àâ ‡≈‘°∫√‘…—∑ ´÷ËßμàÕ¡“‡¡◊ËÕ«—π∑’Ë 15 °—π¬“¬π 2547 ∑’Ëª√–™ÿ¡«‘ “¡—≠‰¥â¡’¡μ‘Õπÿ¡—μ‘¬◊π¬—π„π°“√®¥∑–‡∫’¬π‡≈‘°∫√‘…—∑ ·≈–‰¥â¥”‡π‘π°“√¬◊Ëπ§”¢Õ‡≈‘°∫√‘…—∑ μàÕ ”π—°ß“π∑–‡∫’¬πÀÿâπ à«π∫√‘…—∑°√–∑√«ßæ“≥‘™¬å·≈â« ‡¡◊ËÕ«—π∑’Ë 15 °—π¬“¬π 2547

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ª√–°Õ∫¥â«¬ ª√–‡¿∑ °‘®°“√ ∫√‘…∑— ¬àÕ¬ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ §‘∑‡™àπ ®”°—¥

Àπà«¬ : æ—π∫“∑ ≈—°…≥– ∑ÿπ™”√–·≈â« —¥ à«π μ“¡«‘∏’ μ“¡«‘∏’ ‡ß‘πªíπº≈ §«“¡ —¡æ—π∏å (æ—π∫“∑) ‡ß‘π≈ß∑ÿπ √“§“∑ÿπ à«π‰¥â‡ ’¬ (√âÕ¬≈–)

À¬ÿ¥¥”‡π‘πß“π (1) (2) ºŸâ∂◊ÕÀÿâπ·≈– ºŸâ∫√‘À“√√à«¡°—π ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ Holding Company é ∫√‘…—∑ ‡ √’«—≤πå øŸÑ¥ å ®”°—¥ Õÿμ “À°√√¡Õ“À“√ (4) é ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‰¡‡πÕ√å øŸÑ¥ ®”°—¥ „Àâ‡™à“æ◊Èπ∑’ËÕ“§“√ é

∫√‘…—∑√à«¡ ∫√‘…—∑ ‡Õ™¥’ ¥‘ ∑√‘∫‘«‡μÕ√å (ª√–‡∑»‰∑¬) ®”°—¥ √«¡

μ—«·∑π®”Àπà“¬ Õ“À“√

4,000 50,000 2,000 1,000

99.99 80.00 99.96 99.93

3,999 7,069 › 40,000 156,225 › 1,999 4,571 27,989 999 2,965 633

100,000

49.00

48,998 43,238 › 95,995 214,068 28,622

‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 ª√–°Õ∫¥â«¬ ª√–‡¿∑ °‘®°“√

∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ §‘∑‡™àπ ®”°—¥ À¬ÿ¥¥”‡π‘πß“π (1) (2) ºŸâ∂◊ÕÀÿâπ·≈– ºŸâ∫√‘À“√√à«¡°—π ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‡∫‡°Õ√’Ë ‚ª√¥—° å ®”°—¥ À¬ÿ¥¥”‡π‘πß“π (1) (5) é ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ¥‘ ∑√‘∫‘«™—Ëπ ·Õπ¥å ‡´≈ å ®”°—¥ À¬ÿ¥¥”‡π‘πß“π (1) (5) é ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ·ø√π‰™πå´‘Ëß ®”°—¥ À¬ÿ¥¥”‡π‘πß“π (1) (5) é ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ Holding Company é ∫√‘…—∑ ‡ √’«—≤πå øŸÑ¥ å ®”°—¥ Õÿμ “À°√√¡ é Õ“À“√ (4)

15,000

99.99 139,793 17,920

›

1,000

99.99

1,000

4,722

›

1,000

99.99

1,000

1,049

›

2,000 50,000 2,000

99.20 1,984 2,385 80.00 40,000 135,709 99.96 1,999 32,205

› › ›

ª√–‡¿∑ °‘®°“√ ∫√‘…—∑√à«¡ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‰¡‡πÕ√å øŸÑ¥ ®”°—¥ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‡§‡∑Õ√‘Ëß ®”°—¥ ∫√‘…—∑ ‡Õ™¥’ ¥‘ ∑√‘∫‘«‡μÕ√å (ª√–‡∑»‰∑¬) ®”°—¥ √«¡

„Àâ‡™à“æ◊Èπ∑’ËÕ“§“√

1,000

50.00

500

1,798

›

À¬ÿ¥¥”‡π‘πß“π (1) (3) μ—«·∑π®”Àπà“¬ Õ“À“√

1,000

50.00

500

155

100,000

49.00 48,998 39,429 235,774 235,267

› 155

(1) À¬ÿ¥°“√¥”‡π‘πß“π ‚¥¬¢“¬ ‘π∑√—æ¬å ‚Õπ∫ÿ§≈“°√·≈– ‘∑∏‘„π°“√¥”‡π‘πß“π∑—ÈßÀ¡¥„Àâ·°à∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ∑—Èßπ’È μ—Èß·μà ‰μ√¡“ 2 ªï 2541 (2) ‡¡◊ËÕ«—π∑’Ë 11 ∏—π«“§¡ 2541 ∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ‡Õ ·Õπ¥å æ’ §‘∑‡™àπ ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑¬àÕ¬ ‰¥â¡μ‘„Àâ≈¥∑ÿπ®¥∑–‡∫’¬π¢Õß ∫√‘…—∑≈ß‡ªìπ®”π«π‡ß‘π 45 ≈â“π∫“∑ ®“°®”π«πÀÿâπ “¡—≠ 600,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 100 ∫“∑ ‡À≈◊Õ®”π«πÀÿâπ “¡—≠ 150,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 100 ∫“∑ ‚¥¬§ß‡À≈◊Õ‡ªìπ∑ÿπ®¥∑–‡∫’¬π„À¡à®”π«π‡ß‘π 15 ≈â“π∫“∑ ·≈–‰¥â¥”‡π‘π°“√®¥∑–‡∫’¬π‡ª≈’Ë¬π·ª≈ß∑ÿπ™”√–·≈â«μàÕ ”π—°ß“π∑–‡∫’¬π Àÿâπ à«π∫√‘…—∑ °√–∑√«ßæ“≥‘™¬å ‡¡◊ËÕ«—π∑’Ë 29 ∏—π«“§¡ 2546 ‡¡◊ËÕ«—π∑’Ë 15 ¡’π“§¡ 2548 ∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ‡Õ ·Õπ¥å æ’ §‘∑‡™àπ ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑¬àÕ¬ ‰¥â¡’¡μ‘„Àâ≈¥∑ÿπ®¥∑–‡∫’¬π¢Õß ∫√‘…—∑≈ß®”π«π‡ß‘π 11 ≈â“π∫“∑ ®“°®”π«πÀÿâπ “¡—≠ 150,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 100 ∫“∑ ‡À≈◊Õ®”π«πÀÿâπ “¡—≠ 40,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 100 ∫“∑ ‚¥¬§ß‡À≈◊Õ‡ªìπ∑ÿπ®¥∑–‡∫’¬π„À¡à ®”π«π‡ß‘π 4 ≈â“π∫“∑ ·≈–‰¥â¥”‡π‘π°“√®¥∑–‡∫’¬π‡ª≈’¬Ë π·ª≈ß∑ÿπ™”√–·≈â«μàÕ ”π—°ß“π∑–‡∫’¬πÀÿπâ à«π ∫√‘…—∑ °√–∑√«ßæ“≥‘™¬å ‡¡◊ËÕ«—π∑’Ë 19 ‘ßÀ“§¡ 2548 (3) ‡¡◊ËÕ«—π∑’Ë 31 ‘ßÀ“§¡ 2547 ∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‡§‡∑Õ√‘Ëß ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑√à«¡ ‰¥â¡’¡μ‘„Àâ‡≈‘°∫√‘…—∑ ´÷ËßμàÕ¡“ ‡¡◊ËÕ«—π∑’Ë 15 °—π¬“¬π 2547 ∑’Ëª√–™ÿ¡«‘ “¡—≠‰¥â¡’¡μ‘Õπÿ¡—μ‘¬◊π¬—π„π°“√®¥∑–‡∫’¬π‡≈‘°∫√‘…—∑ ·≈–‰¥â¥”‡π‘π°“√¬◊Ëπ§”¢Õ‡≈‘°∫√‘…—∑μàÕ ”π—°ß“π ∑–‡∫’¬πÀÿâπ à«π∫√‘…—∑°√–∑√«ßæ“≥‘™¬å·≈â« ‡¡◊ËÕ«—π∑’Ë 15 °—π¬“¬π 2547 (4) „π‡¥◊Õπμÿ≈“§¡ 2547 ∫√‘…—∑¥—ß°≈à“«‰¥âÀ¬ÿ¥¥”‡π‘π°“√ ·≈–‰¥â ‚Õπ∫ÿ§≈“°√·≈– ‘∑∏‘„π°“√¥”‡π‘πß“π∑—ÈßÀ¡¥„Àâ·°à∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) (5) ‡¡◊ËÕ«—π∑’Ë 24 ‘ßÀ“§¡ 2548 ∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‡∫‡°Õ√’Ë ‚ª√¥—° å ®”°—¥ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ¥‘ ∑√‘∫‘«™—Ëπ ·Õπ¥å ‡´≈≈å ®”°—¥ ·≈–∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ·ø√π‰™πå´‘Ëß ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑¬àÕ¬ ‰¥â¡’¡μ‘„Àâ‡≈‘°∫√‘…—∑ ´÷ËßμàÕ¡“‡¡◊ËÕ«—π∑’Ë 12 °—π¬“¬π 2548 ∑’Ëª√–™ÿ¡«‘ “¡—≠ ‰¥â¡’¡μ‘Õπÿ¡—μ‘¬◊π¬—π„π°“√®¥∑–‡∫’¬π‡≈‘°∫√‘…—∑ ·≈–‰¥â¥”‡π‘π°“√¬◊Ëπ§”¢Õ‡≈‘°∫√‘…—∑μàÕ ”π—°ß“π∑–‡∫’¬πÀÿâπ à«π∫√‘…—∑°√–∑√«ßæ“≥‘™¬å·≈â« ‡¡◊ËÕ «—π∑’Ë 26 °—π¬“¬π 2548

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9. ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ ≥ «—π∑’Ë 31 ∏—π«“§¡ ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡ 2548 2547 › 675 24,530 25,055 24,530 25,730

‡ß‘π≈ß∑ÿπ∑—Ë«‰ª ‡ß‘πΩ“°∏π“§“√ª√–‡¿∑ª√–®”∑’Ëμ‘¥¿“√–ºŸ°æ—π ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ

Àπà«¬ : æ—π∫“∑ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 › › 2,540 2,540 2,540 2,540

10. ∑’Ë¥‘π Õ“§“√ ·≈–Õÿª°√≥å - ÿ∑∏‘ ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547

‡æ‘¡Ë ¢÷πÈ

√“§“∑ÿπ ∑’Ë¥‘π 232,165 › §à“ª√—∫ª√ÿß∑’Ë¥‘π 6,948 › Õ“§“√ ”π—°ß“π·≈– à«πª√—∫ª√ÿßÕ“§“√ 65,856 › Õ“§“√‚√ßß“π 131,968 › ‡§√◊ËÕß®—°√·≈–Õÿª°√≥å 534,636 63,304 ‡§√◊ËÕßμ°·μàß·≈–Õÿª°√≥å ”π—°ß“π 585,462 96,404 ¬“πæ“Àπ– 45,276 7,642 ß“π√–À«à“ß°àÕ √â“ß 73,922 147,840 √«¡μâπ∑ÿπ 1,676,233 315,190

≈¥≈ß

› (6,948) (66) (1,841) (23,643) (24,144) (2,333) › (58,975)

Àπà«¬ : æ—π∫“∑ ‚Õπ º≈μà“ß®“° ¬Õ¥§ß‡À≈◊Õ √–À«à“ßª√–‡¿∑ °“√·ª≈ß§à“ ≥ «—π∑’Ë ‘π∑√—æ¬å/ ß∫°“√‡ß‘π 31 ∏—π«“§¡ √“¬°“√ª√—∫ª√ÿß μà“ßª√–‡∑» 2548 › › › › 29,392 57,753 › (87,145) ›

› › › › (4,397) 748 385 › (3,264)

232,165 › 65,790 130,127 599,292 716,223 50,970 134,617 1,929,184

ß∫°“√‡ß‘π√«¡

§à“‡ ◊ËÕ¡√“§“ – ¡ §à“ª√—∫ª√ÿß∑’Ë¥‘π Õ“§“√ ”π—°ß“π·≈– à«πª√—∫ª√ÿßÕ“§“√ Õ“§“√‚√ßß“π ‡§√◊ËÕß®—°√·≈–Õÿª°√≥å ‡§√◊ËÕßμ°·μàß·≈–Õÿª°√≥å ”π—°ß“π ¬“πæ“Àπ– √«¡§à“‡ ◊ËÕ¡√“§“ – ¡ ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547

‡æ‘¡Ë ¢÷πÈ

6,948 › 44,817 4,058 41,489 6,434 307,471 71,098 370,240 79,948 20,438 8,227 791,403 169,765 884,830

≈¥≈ß

(6,948) (65) (1,841) (22,395) (20,639) (1,963) (53,851)

Àπà«¬ : æ—π∫“∑ ‚Õπ º≈μà“ß®“° ¬Õ¥§ß‡À≈◊Õ √–À«à“ßª√–‡¿∑ °“√·ª≈ß§à“ ≥ «—π∑’Ë ‘π∑√—æ¬å/ ß∫°“√‡ß‘π 31 ∏—π«“§¡ √“¬°“√ª√—∫ª√ÿß μà“ßª√–‡∑» 2548 › › › › › (57) (57)

› › › (1,292) 667 (38) (663)

§à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 2547 ß∫°“√‡ß‘π‡©æ“–

√“§“∑ÿπ ∑’Ë¥‘π §à“ª√—∫ª√ÿß∑’¥Ë π‘ Õ“§“√ ”π—°ß“π·≈– à«πª√—∫ª√ÿßÕ“§“√ Õ“§“√‚√ßß“π ‡§√◊ËÕß®—°√·≈–Õÿª°√≥å ‡§√◊ËÕßμ°·μàß·≈–Õÿª°√≥å ”π—°ß“π ¬“πæ“Àπ– ß“π√–À«à“ß°àÕ √â“ß √«¡μâπ∑ÿπ

› 48,810 46,082 354,882 430,216 26,607 906,597 1,022,587 169,765 137,402

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 232,165 6,948 58,731 131,968 424,806 562,665 42,473 73,922 1,533,678

‡æ‘Ë¡¢÷Èπ

≈¥≈ß

› › › › 50,267 90,392 5,448 147,840 293,947

› (6,948) (66) (1,841) (23,643) (24,144) (597) › (57,239)

Àπà«¬ : æ—π∫“∑ ‚Õπ ¬Õ¥§ß‡À≈◊Õ √–À«à“ßª√–‡¿∑ ≥ «—π∑’Ë ‘π∑√—æ¬å/ 31 ∏—π«“§¡ √“¬°“√ª√—∫ª√ÿß 2548 › › › › 29,392 57,753 › (87,145) ›

232,165 › 58,665 130,127 480,822 686,666 47,324 134,617 1,770,386

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ß∫°“√‡ß‘π‡©æ“–

§à“‡ ◊ËÕ¡√“§“ – ¡ §à“ª√—∫ª√ÿß∑’¥Ë π‘ Õ“§“√ ”π—°ß“π·≈– à«πª√—∫ª√ÿßÕ“§“√ Õ“§“√‚√ßß“π ‡§√◊ËÕß®—°√·≈–Õÿª°√≥å ‡§√◊ËÕßμ°·μàß·≈–Õÿª°√≥å ”π—°ß“π ¬“πæ“Àπ– √«¡§à“‡ ◊ËÕ¡√“§“ – ¡ ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547

‡æ‘Ë¡¢÷Èπ

≈¥≈ß

6,948 37,691 41,489 260,126 356,369 18,807 721,430 812,248

› 4,058 6,434 54,511 74,356 7,599 146,958

(6,948) (65) (1,841) (22,395) (20,639) (595) (52,483)

Àπà«¬ : æ—π∫“∑ ‚Õπ ¬Õ¥§ß‡À≈◊Õ √–À«à“ßª√–‡¿∑ ≥ «—π∑’Ë ‘π∑√—æ¬å/ 31 ∏—π«“§¡ √“¬°“√ª√—∫ª√ÿß 2548 › › › › › (57) (57)

§à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 2547

› 41,684 46,082 292,242 410,086 25,754 815,848 954,538 146,958 123,105

§à“‡ ◊ËÕ¡√“§“ ”À√—∫Õ“§“√·≈–Õÿª°√≥å¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ ´÷Ëß· ¥ßÕ¬Ÿà„πμâπ∑ÿπ¢“¬·≈–μâπ∑ÿπ°“√„Àâ∫√‘°“√ ·≈–§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ ¥—ßπ’È ß∫°“√‡ß‘π√«¡ 2548 2547 μâπ∑ÿπ¢“¬·≈–μâπ∑ÿπ°“√„Àâ∫√‘°“√ §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ √«¡

62,530 107,235 169,765

51,408 85,994 137,402

Àπà«¬ : æ—π∫“∑ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 62,126 84,832 146,958

51,260 71,845 123,105

√“§“μ“¡∫—≠™’°àÕπÀ—°§à“‡ ◊ËÕ¡√“§“ – ¡¢ÕßÕ“§“√·≈–Õÿª°√≥å ´÷ËßÀ—°§à“‡ ◊ËÕ¡√“§“∑—Èß®”π«π·≈â« ·μà¬—ß§ß„™âß“πÕ¬Ÿà¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ¡’®”π«π‡ß‘π 437.39 ≈â“π∫“∑ ·≈–®”π«π‡ß‘π 326.74 ≈â“π∫“∑ μ“¡≈”¥—∫

11. ‘π∑√—æ¬å ‰¡à¡’μ—«μπ - ÿ∑∏‘ ‘π∑√—æ¬å ‰¡à¡’μ—«μπ - ÿ∑∏‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡

§à“æ—≤π“ ‘∑∏‘°“√‡™à“ §à“§«“¡π‘¬¡ ´Õøμå·«√å √Õμ—¥∫—≠™’ §à“§«“¡π‘¬¡ §à“§«“¡ §Õ¡æ‘«‡μÕ√å π‘¬¡μ‘¥≈∫ √Õμ—¥∫—≠™’

√“§“∑ÿπ ¬Õ¥¬°¡“μâπªï ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 1,809 ‡æ‘Ë¡¢÷Èπ 170 º≈μà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π ¢Õß∫√‘…—∑¬àÕ¬μà“ßª√–‡∑» › ¬Õ¥§ß‡À≈◊Õª≈“¬ªï ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 1,979 §à“μ—¥®”Àπà“¬ – ¡ ¬Õ¥¬°¡“μâπªï ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 §à“μ—¥®”Àπà“¬ º≈μà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π ¢Õß∫√‘…—∑¬àÕ¬μà“ßª√–‡∑» ¬Õ¥§ß‡À≈◊Õª≈“¬ªï ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ¡Ÿ≈§à“μ“¡∫—≠™’ ÿ∑∏‘ ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑

Àπà«¬ : æ—π∫“∑ √«¡ √«¡

349,518 11,038

126,904 ›

(2,063) 124,841 476,168 › › 11,208

(4,107) 356,449

› 126,904

› › (4,107) (2,063) 124,841 483,269

177 341

173,666 19,079

126,904 ›

(1,523) 125,381 299,224 (206) (206) 19,214

› 518

(1,613) 191,132

› 126,904

› › (1,613) (1,729) 125,175 316,825

1,632 1,461

175,852 165,317

› ›

(540) (334)

√“§“∑ÿπ ¬Õ¥¬°¡“μâπªï ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 1,809 ‡æ‘Ë¡¢÷Èπ 170 ¬Õ¥§ß‡À≈◊Õª≈“¬ªï ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 1,979

277,738 11,038 288,776

126,904 › 126,904

(540) 176,944 (334) 166,444 Àπà«¬ : æ—π∫“∑ √«¡ √«¡

(2,063) 124,841 404,388 › › 11,208 (2,063) 124,841 415,596

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11. ‘π∑√—æ¬å ‰¡à¡’μ—«μπ - ÿ∑∏‘ (μàÕ) ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑

§à“μ—¥®”Àπà“¬ – ¡ ¬Õ¥¬°¡“μâπªï ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 §à“μ—¥∫—≠™’ ¬Õ¥§ß‡À≈◊Õª≈“¬ªï ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ¡Ÿ≈§à“μ“¡∫—≠™’ ÿ∑∏‘ ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548

177 341 518

147,556 15,282 162,838

126,904 › 126,904

1,632 1,461

130,182 125,938

› ›

Àπà«¬ : æ—π∫“∑ √«¡ √«¡

(1,523) 125,381 273,114 (206) (206) 15,417 (1,729) 125,175 288,531 (540) (334)

(540) 131,274 (334) 127,065

§à“μ—¥®”Àπà“¬ ‘π∑√—æ¬å ‰¡à¡’μ—«μπ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ´÷Ëß· ¥ß√«¡Õ¬Ÿà„π μâπ∑ÿπ¢“¬·≈–μâπ∑ÿπ°“√„Àâ∫√‘°“√ §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√·≈–√“¬‰¥âÕ◊Ëπ ¥—ßπ’È ß∫°“√‡ß‘π√«¡ 2548 2547 §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ √“¬‰¥âÕπ◊Ë √«¡

19,420 (206) 19,214

18,083 (206) 17,877

Àπà«¬ : æ—π∫“∑ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 15,623 (206) 15,417

14,839 (206) 14,633

12. ∑ÿπ‡√◊ÕπÀÿâπ ‡¡◊ËÕ«—π∑’Ë 28 ¡’π“§¡ 2545 ∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑‰¥â¡’¡μ‘„Àâ°”Àπ¥√“§“Àÿâπ “¡—≠‡æ‘Ë¡∑ÿπ∑’Ë‡ πÕ ¢“¬„Àâ·°àª√–™“™π∑—Ë«‰ª®”π«π 10 ≈â“πÀÿâπ ¡Ÿ≈§à“∑’Ëμ√“‰«âÀÿâπ≈– 5 ∫“∑ „π√“§“¢“¬Àÿâπ≈– 21 ∫“∑ ‚¥¬‡ πÕ ¢“¬æ√âÕ¡„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠Õ“¬ÿ 5 ªï ®”π«π 5 ≈â“πÀπà«¬ „π√“§“»Ÿπ¬å∫“∑ „πÕ—μ√“ à«π 2 Àÿâπ„À¡àμàÕ 1 Àπà«¬„∫ ”§—≠· ¥ß ‘∑∏‘·≈–¡’√“§“„™â ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠„π√“§“Àÿâπ≈– 18 ∫“∑ ´÷Ëß°”Àπ¥ √–¬–‡«≈“®Õß´◊ÈÕÀÿâπ “¡—≠æ√âÕ¡„∫ ”§—≠· ¥ß ‘∑∏‘¥—ß°≈à“« √–À«à“ß«—π∑’Ë 4 - 5 ‡¡…“¬π 2545 √«¡∑—Èß°”Àπ¥ „∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠∑’ÕË Õ°„Àâ·°àºŸâ∂Õ◊ Àÿπâ ‡¥‘¡∑’¡Ë ’√“¬™◊ÕË ª√“°ØÕ¬Ÿà„π∑–‡∫’¬πÀÿâπ ≥ «—π∑’Ë 10 μÿ≈“§¡ 2544 ®”π«π 30 ≈â“πÀπà«¬ „πÕ—μ√“ à«π 2 Àÿâπ‡¥‘¡μàÕ 1 Àπà«¬ „∫ ”§—≠· ¥ß ‘∑∏‘ ·≈–¡’√“§“„™â ‘∑∏‘∑’Ë®–´◊ÈÕ Àÿâπ “¡—≠Àÿâπ≈– 18 ∫“∑

13. „∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠ ‡¡◊ËÕ«—π∑’Ë 9 ‡¡…“¬π 2545 ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ÕÕ°„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®– ´◊ÈÕÀÿâπ “¡—≠®”π«π 35 ≈â“πÀπà«¬ μ“¡¡μ‘∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑ ‡¡◊ËÕ«—π∑’Ë 28 ¡’π“§¡ 2545 ‚¥¬¡’ √“¬≈–‡Õ’¬¥¥—ßπ’È 13.1 «‘∏’°“√‡ πÕ¢“¬ 13.1.1 ®”π«π 30 ≈â“πÀπà«¬ : ‡ πÕ¢“¬„Àâ·°àºŸâ∂◊ÕÀÿâπ‡¥‘¡¢Õß∫√‘…—∑´÷Ëß¡’√“¬™◊ËÕ„π«—πªî¥ ¡ÿ¥ ∑–‡∫’¬πºŸâ∂◊ÕÀÿâπ ≥ «—π∑’Ë 10 μÿ≈“§¡ 2544 „πÕ—μ√“ à«π 2 Àÿâπ ‡¥‘¡ μàÕ 1 „∫ ”§—≠· ¥ß ‘∑∏‘ („π°√≥’∑’Ë¡’‡»…Àÿâπ„Àâªí¥∑‘Èß) 13.1.2 ®”π«π 5 ≈â“πÀπà«¬ : ‡ πÕ¢“¬„Àâ·°àª√–™“™π∑—Ë«‰ª ∑’Ë®ÕßÀÿâπ “¡—≠„À¡à¢Õß∫√‘…—∑ „πÕ—μ√“ à«π 2 Àÿâπ„À¡à μàÕ 1 „∫ ”§—≠· ¥ß ‘∑∏‘ („π°√≥’∑’Ë¡’ ‡»…Àÿâπ„Àâªí¥∑‘Èß) 13.2 √“§“‡ πÕ¢“¬μàÕÀπà«¬ : 0 ∫“∑ 13.3 Õ—μ√“°“√„™â ‘∑∏‘ : „∫ ”§—≠· ¥ß ‘∑∏‘ 1 Àπà«¬ „™â ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠‰¥â 1 Àÿâπ ‡«âπ·μà®–¡’°“√ª√—∫Õ—μ√“°“√„™â ‘∑∏‘ 13.4 √“§“„™â ‘∑∏‘ : √“§“Àÿâπ≈– 18 ∫“∑ 13.5 Õ“¬ÿ¢Õß„∫ ”§—≠· ¥ß ‘∑∏‘ : 5 ªïπ—∫·μà«—π∑’ËÕÕ°„∫ ”§—≠· ¥ß ‘∑∏‘ 13.6 √–¬–‡«≈“°“√„™â ‘∑∏‘ : ∑ÿ°Ê 3 ‡¥◊Õπ ¿“¬„π«—π∑”°“√ ÿ¥∑â“¬ ¢Õß‡¥◊Õπ¡’π“§¡ ¡‘∂ÿπ“¬π °—π¬“¬π ·≈–∏—π«“§¡ ‚¥¬ “¡“√∂„™â ‘∑∏‘§√—Èß·√° „π«—π∑”°“√ ÿ¥∑â“¬¢Õß‡¥◊Õπ¡‘∂ÿπ“¬π 2546 ∫√‘…—∑‰¥â¥”‡π‘π°“√®¥∑–‡∫’¬π„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠ ‡ªìπÀ≈—°∑√—æ¬å®¥∑–‡∫’¬πμàÕ μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ·≈–‰¥â√—∫Õπÿ¡—μ‘„Àâ‡ªìπÀ≈—°∑√—æ¬å®¥∑–‡∫’¬πμ—Èß·μà«—π∑’Ë 10 æƒ…¿“§¡ 2545 ‡ªìπμâπ¡“ „π√–À«à“ßªï 2547 ¡’°“√„™â ‘∑∏‘μ“¡„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠®”π«π 3,077,300 Àπà«¬ μ“¡√“§“„™â ‘∑∏‘Àπà«¬≈– 18 ∫“∑ ‡ªìπ®”π«π‡ß‘π 55,391,400 ∫“∑ ‚¥¬∫√‘…—∑‰¥âÕÕ°Àÿâπ “¡—≠‡æ‘Ë¡∑ÿπ ”À√—∫ °“√„™â ‘∑∏‘¥—ß°≈à“«®”π«π 3,077,300 Àÿâπ „π√“§“Àÿâπ≈– 18 ∫“∑ ∫√‘…—∑‰¥â¥”‡π‘π°“√®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ°—∫ °√–∑√«ßæ“≥‘™¬å ¥—ßπ’È 1. ®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ®”π«π 228,000 Àÿâπ „π√“§“Àÿâπ≈– 18 ∫“∑ ‡¡◊ËÕ«—π∑’Ë 19 ‡¡…“¬π 2547 2. ®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ®”π«π 78,900 Àÿâπ „π√“§“Àÿâπ≈– 18 ∫“∑ ‡¡◊ËÕ«—π∑’Ë 13 °√°Æ“§¡ 2547 3. ®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ®”π«π 1,224,200 Àÿâπ „π√“§“Àÿâπ≈– 18 ∫“∑ ‡¡◊ËÕ«—π∑’Ë 13 μÿ≈“§¡ 2547 4. ®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ®”π«π 1,546,200 Àÿâπ „π√“§“Àÿâπ≈– 18 ∫“∑ ‡¡◊ËÕ«—π∑’Ë 13 ¡°√“§¡ 2548

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

„π√–À«à“ßªï 2548 ¡’°“√„™â ‘∑∏‘μ“¡„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠®”π«π 12,099,500 Àπà«¬ μ“¡ √“§“„™â ‘∑∏‘Àπà«¬≈– 18 ∫“∑ ‡ªìπ®”π«π‡ß‘π 217,791,000 ∫“∑ ‚¥¬∫√‘…—∑‰¥âÕÕ°Àÿâπ “¡—≠‡æ‘Ë¡∑ÿπ ”À√—∫°“√ „™â ‘∑∏‘¥—ß°≈à“«®”π«π 12,099,500 Àÿâπ „π√“§“Àÿâπ≈– 18 ∫“∑ ∫√‘…—∑‰¥â¥”‡π‘π°“√®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ°—∫ °√–∑√«ßæ“≥‘™¬å ¥—ßπ’È 1. ®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ®”π«π 37,800 Àÿâπ „π√“§“Àÿâπ≈– 18 ∫“∑ ‡¡◊ËÕ«—π∑’Ë 12 ‡¡…“¬π 2548 2. ®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ®”π«π 2,006,000 Àÿâπ „π√“§“Àÿâπ≈– 18 ∫“∑ ‡¡◊ËÕ«—π∑’Ë 11 °√°Æ“§¡ 2548 3. ®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ®”π«π 55,400 Àÿâπ „π√“§“Àÿâπ≈– 18 ∫“∑ ‡¡◊ËÕ«—π∑’Ë 11 μÿ≈“§¡ 2548 4. ®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ®”π«π 10,000,300 Àÿâπ „π√“§“Àÿâπ≈– 18 ∫“∑ ‡¡◊ËÕ«—π∑’Ë 9 ¡°√“§¡ 2549 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫√‘…—∑§ß‡À≈◊Õ„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠∑’Ë¬—ß¡‘‰¥â¡’ °“√„™â ‘∑∏‘ ®”π«π 18,046,200 Àπà«¬ ·≈– 30,145,700 Àπà«¬ μ“¡≈”¥—∫ ‚¥¬„∫ ”§—≠ “¡—≠ 1 Àπà«¬ „™â ‘∑∏‘ ´◊ÈÕÀÿâπ “¡—≠‰¥â 1 Àÿâπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫√‘…—∑¡’¿“√–ºŸ°æ—π∑’Ë®–μâÕß ”√ÕßÀÿâπ “¡—≠®”π«π 18,046,200 Àÿâπ ·≈– 30,145,700 Àÿâπ μ“¡≈”¥—∫ μ“¡√“§“∑’Ë „™â ‘∑∏‘ ¡Ÿ≈§à“Àÿâπ≈– 18 ∫“∑ ‡æ◊ËÕ√Õß√—∫°“√„™â ‘∑∏‘μ“¡ „∫ ”§—≠· ¥ß ‘∑∏‘„π°“√´◊ÈÕÀÿâπ à«π∑’Ë‡À≈◊Õ¥—ß°≈à“«

14. °”‰√μàÕÀÿâπ °”‰√μàÕÀÿâπ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ª√–°Õ∫¥â«¬ °”‰√ ÿ∑∏‘ 2548 °”‰√μàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√ ÿ∑∏‘ º≈°√–∑∫¢ÕßÀÿâπ “¡—≠‡∑’¬∫‡∑à“ª√—∫≈¥ ‘∑∏‘∑’Ë®–‡≈◊Õ°´◊ÈÕÀÿâπ “¡—≠ °”‰√μàÕÀÿâπª√—∫≈¥ °”‰√∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ “¡—≠‚¥¬ ¡¡μ‘«à“¡’ °“√·ª≈ß„∫ ”§—≠· ¥ß ‘∑∏‘‡ªìπÀÿâπ “¡—≠

æ—π∫“∑

203,601

2547

183,227

®”π«πÀÿâπ “¡—≠ ∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—° æ—πÀÿπâ 2548 2547

°”‰√μàÕÀÿâπ 2548

75,941

72,304

2.68

2.53

4,212

7,723

80,153

80,027

2.54

2.29

∫“∑

2547

15. √“¬°“√°—∫∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π √“¬°“√§â“ à«πÀπ÷ßË ¢Õß∫√‘…∑— ‰¥â√«¡√“¬°“√∑’‡Ë °‘¥¢÷πÈ °—∫∫√‘…∑— ∑’‡Ë °’¬Ë «¢âÕß°—π ´÷ßË ‡°’¬Ë «¢âÕß°—π‚¥¬°“√∂◊ÕÀÿπâ À√◊Õ°“√¡’ºŸâ∂◊ÕÀÿâπÀ√◊Õ°√√¡°“√∫“ß à«π√à«¡°—π ¥—ßπ—Èπß∫°“√‡ß‘ππ’È®÷ß· ¥ß∂÷ßº≈¢Õß√“¬°“√‡À≈à“π’È μ“¡∑’Ë ‰¥â æ‘®“√≥“√à«¡°—π√–À«à“ß∫√‘…—∑·≈–∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π √“¬°“√√–À«à“ß°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ¡’¥—ßπ’È Àπà«¬ : æ—π∫“∑ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 2548 2547 ∫√‘…—∑¬àÕ¬ √“¬‰¥â§à“‡™à“Õ“§“√·≈–Õÿª°√≥å › › 230 4,374 √“¬‰¥âÕπ◊Ë Ê › › 180 400 ¥Õ°‡∫’È¬√—∫ › › › 35 à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπμ“¡«‘∏’ à«π‰¥â‡ ’¬ › › 27,834 18,206 ´◊ÈÕ ‘π§â“/∫√‘°“√ › › 41,142 58,289 ∫√‘…—∑√à«¡ √“¬‰¥â§à“‡™à“Õ“§“√·≈–Õÿª°√≥å √“¬‰¥âÕπ◊Ë Ê ¥Õ°‡∫’È¬√—∫ à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπμ“¡«‘∏’ à«π‰¥â‡ ’¬ ´◊ÈÕ ‘π§â“/∫√‘°“√

788 1,102 › 4,306 14,135

1,102 2,501 17 727 11,646

788 1,102 › 4,306 14,135

1,102 2,501 17 727 11,646

∫ÿ§§≈À√◊Õ°‘®°“√Õ◊Ëπ∑’Ë‡°’Ë¬«¢âÕß°—π §à“‡™à“Õ“§“√·≈–Õÿª°√≥å §à“μÕ∫·∑π°√√¡°“√

2,832 20,252

2,952 22,521

2,832 12,128

2,952 12,176

¬Õ¥§ß‡À≈◊Õ°—∫°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ¡’¥—ßπ’È

≈Ÿ°Àπ’È°“√§â“ (√«¡· ¥ß„π≈Ÿ°Àπ’È°“√§â“) ∫√‘…∑— √à«¡ ∫√‘…—∑Õ◊Ëπ∑’Ë‡°’Ë¬«¢âÕß°—π √«¡ À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ √«¡≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘

ß∫°“√‡ß‘π√«¡ 2548 2547

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

136 5,656 5,792 (4,909) 883

136 4,909 5,045 (4,909) 136

227 6,007 6,234 (4,909) 1,325

227 4,909 5,136 (4,909) 227

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

ß∫°“√‡ß‘π√«¡ 2548 2547 ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π (Õ—μ√“¥Õ°‡∫’È¬μàÕªï) ∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ (√âÕ¬≈– 1.25 - 1.5) ∫√‘…—∑ ‡ √’«—≤πå øŸÑ¥ å ®”°—¥ (‰¡à¡’¥Õ°‡∫’È¬) ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ §‘∑‡™àπ (SDN BHD) ¡“‡≈‡´’¬ (‰¡à¡’¥Õ°‡∫’È¬) ∫√‘…—∑Õ◊Ëπ

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

› ›

177 5

66 10

1,785 ›

2,758 11

› ›

›

∫√‘…—∑√à«¡ ∫√‘…—∑ ¬Ÿ‡π’¬π °“¬ ‡Õ ·Õπ¥å æ’ ®”°—¥ (‰¡à¡’¥Õ°‡∫’È¬) 5,655 ∫√‘…—∑ ‡Õ™¥’ ¥’ ∑√‘∫«‘ ‡μÕ√å (ª√–‡∑»‰∑¬) ®”°—¥ (‰¡à¡’¥Õ°‡∫’È¬) 2,685 ∫√‘…—∑ ¿—∑√“ ¥’‡«≈≈Õª‡¡âπ∑å ®”°—¥ (√âÕ¬≈– 6.0) 3,125

5,655

709 5,173

2,685 ›

709 ›

137

›

∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑ Õ‘π‡μÕ√å‡¡ ‚´à ‡√ ∑—«√Õß∑å æ’∑’Õ’ ®”°—¥ (‰¡à¡’¥Õ°‡∫’¬È ) › ∫√‘…—∑ æ’∑’ μ√—ßπŸ°“Œ“ ‡Õ ·Õπ¥å æ’ Õ‘π‚¥π’‡´’¬ ®”°—¥ (‰¡à¡’¥Õ°‡∫’È¬) 12,655 ∫√‘…—∑Õ◊Ëπ 218 √«¡ 26,123 À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ (18,310) √«¡‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 7,813

12,655 › 27,098 (18,310) 8,788

› › 8,522 (5,655) 2,867

› › 6,451 (5,655) 796

‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬ ∫√‘…—∑¬àÕ¬ ∫√‘…∑— √à«¡ √«¡‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬

241 43,921 44,162

170,830 43,238 214,068

193,990 41,277 235,267

235 46,249 46,484

‡¡◊ËÕ«—π∑’Ë 1 °—π¬“¬π 2546 ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‰¡‡πÕ√å øŸÑ¥ ®”°—¥ ‰¥â¢Õ‡ª≈’Ë¬π·ª≈ß‡ß◊ËÕπ‰¢°“√™”√– §◊π‡ß‘π°Ÿâ¬◊¡√–¬–¬“«°—∫∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ´÷Ëß¡’¬Õ¥§ß‡À≈◊Õ ≥ «—ππ—Èπ‡ªìπ®”π«π‡ß‘π 2.10 ≈â“π∫“∑ ®“°‡ß◊ËÕπ‰¢‡¥‘¡∑’Ë°”Àπ¥®à“¬™”√–§◊π‡ªìπ√“¬‰μ√¡“ ‰¡àπâÕ¬°«à“‰μ√¡“ ≈– 0.70 ≈â“π∫“∑ ¡“ ‡ªìπ™”√–§◊π‡ªìπ√“¬‰μ√¡“ Ê ≈– 0.35 ≈â“π∫“∑ ·≈–™”√–§◊π‡ √Á® ‘Èπ¿“¬„π«—π∑’Ë 31 ∏—π«“§¡ 2547 Àπà«¬ : æ—π∫“∑ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 2548 2547 ‡®â“Àπ’È°“√§â“ (√«¡· ¥ß„π‡®â“Àπ’È°“√§â“) ∫√‘…—∑¬àÕ¬ › › 181 1,762 ∫√‘…∑— √à«¡ 4,000 2,437 3,921 2,437 √«¡ 4,000 2,437 4,102 4,199 ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ (Õ—μ√“¥Õ°‡∫’È¬μàÕªï) ∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‚°≈‡∫‘≈ ®”°—¥ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ §‘∑‡™àπ ®”°—¥ (√âÕ¬≈– 1.5) ∫√‘…—∑ ‡ √’«—≤πå øŸÑ¥ å ®”°—¥ ∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ‰¡‡πÕ√åøŸÑ¥ ®”°—¥ ∫√‘…—∑√à«¡ ∫√‘…—∑ ‡Õ™¥’ ¥‘ ∑√‘∫‘«‡μÕ√å (ª√–‡∑»‰∑¬) ®”°—¥ √«¡

› › › ›

71 20 17 24

10 20 17 42

354 354

395 395

341 473

339 428

¬Õ¥‡ª≈’Ë¬π·ª≈ß¢Õß‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π„πß∫°“√‡ß‘π√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 Àπà«¬ : æ—π∫“∑ ∫√‘…—∑√à«¡ °‘®°“√Õ◊πË √«¡ ∑’Ë‡°’Ë¬«¢âÕß°—π ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 3,604 23,494 27,098 ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï 21,220 1,413 22,633 ≈¥≈ß√–À«à“ßªï (20,136) (3,472) (23,608) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 4,688 21,435 26,123 À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ › (18,310) (18,310) ¬Õ¥§ß‡À≈◊Õ - ÿ∑∏‘ 4,688 3,125 7,813

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SYNDICATE PUBLIC COMPANY LIMITED

¬Õ¥‡ª≈’Ë¬π·ª≈ß¢Õß‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π„πß∫°“√‡ß‘π√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2547 Àπà«¬ : æ—π∫“∑ ∫√‘…—∑√à«¡ °‘®°“√Õ◊πË √«¡ ∑’Ë‡°’Ë¬«¢âÕß°—π ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 9,587 20,832 30,419 ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï 26,786 6,685 33,471 ≈¥≈ß√–À«à“ßªï (32,769) (4,023) (36,792) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 3,604 23,494 27,098 À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ › (18,310) (18,310) ¬Õ¥§ß‡À≈◊Õ - ÿ∑∏‘ 3,604 5,184 8,788 ¬Õ¥‡ª≈’Ë¬π·ª≈ß¢Õß‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ”À√—∫ ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 Àπà«¬ : æ—π∫“∑ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑√à«¡ °‘®°“√Õ◊πË √«¡ ∑’Ë‡°’Ë¬«¢âÕß°—π ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 76 709 11 796 ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï 13,880 20,464 106 34,450 ≈¥≈ß√–À«à“ßªï (13,774) (18,488) (117) (32,379) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 182 2,685 › 2,867 ¬Õ¥‡ª≈’Ë¬π·ª≈ß¢Õß‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ”À√—∫ ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2547 Àπà«¬ : æ—π∫“∑ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑√à«¡ °‘®°“√Õ◊πË √«¡ ∑’Ë‡°’Ë¬«¢âÕß°—π ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 5,189 3,064 99 8,352 ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï 41,381 22,598 880 64,859 ≈¥≈ß√–À«à“ßªï (46,494) (24,953) (968) (72,415) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 76 709 11 796

°“√‡ª≈’Ë¬π·ª≈ß¢Õß‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π„πß∫°“√‡ß‘π√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 Àπà«¬ : æ—π∫“∑ ∫√‘…—∑√à«¡ °‘®°“√Õ◊πË √«¡ ∑’Ë‡°’Ë¬«¢âÕß°—π ¬Õ¥ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 395 › 395 ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï 4,084 › 4,084 ≈¥≈ß√–À«à“ßªï (4,125) › (4,125) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 354 › 354 °“√‡ª≈’Ë¬π·ª≈ß¢Õß‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π„πß∫°“√‡ß‘π√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2547 Àπà«¬ : æ—π∫“∑ ∫√‘…—∑√à«¡ °‘®°“√Õ◊πË √«¡ ∑’Ë‡°’Ë¬«¢âÕß°—π ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 1,589 › 1,589 ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï 3,902 › 3,902 ≈¥≈ß√–À«à“ßªï (5,096) › (5,096) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 395 › 395 °“√‡ª≈’Ë¬π·ª≈ß¢Õß‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥ «—π∑’Ë 31 ∏—π«“§¡ 2548 Àπà«¬ : æ—π∫“∑ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑√à«¡ √«¡ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 47 381 428 ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï 485 4,084 4,569 ≈¥≈ß√–À«à“ßªï (399) (4,125) (4,524) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 133 340 473

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

°“√‡ª≈’Ë¬π·ª≈ß¢Õß‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥ «—π∑’Ë 31 ∏—π«“§¡ 2547 Àπà«¬ : æ—π∫“∑ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑√à«¡ √«¡ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 643 1,576 2,219 ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï 6,959 3,902 10,861 ≈¥≈ß√–À«à“ßªï (7,555) (5,097) (12,652) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 47 381 428

16. ”√Õßμ“¡°ÆÀ¡“¬ ”√Õßμ“¡°ÆÀ¡“¬ ‰¥â·°à ‡ß‘π∑’ËμâÕß®—¥ √√‰«â‡ªìπ∑ÿπ ”√Õßμ“¡∫∑∫—≠≠—μ‘·Ààß°ÆÀ¡“¬‚¥¬∫√‘…—∑μâÕß ®—¥ √√°”‰√ ÿ∑∏‘ª√–®”ªï à«πÀπ÷Ëß‰«â‡ªìπ∑ÿπ ”√Õß ‰¡àπâÕ¬°«à“√âÕ¬≈–Àâ“¢Õß°”‰√ ÿ∑∏‘ª√–®”ªïÀ—°¥â«¬¬Õ¥¢“¥∑ÿπ – ¡¬°¡“ (∂â“¡’) ®π°«à“∑ÿπ ”√Õßπ’È®–¡’®”π«π‰¡àπâÕ¬°«à“√âÕ¬≈– ‘∫¢Õß∑ÿπ®¥∑–‡∫’¬π ´÷Ëß ”√Õßμ“¡°ÆÀ¡“¬ π’È®–π”‰ª®à“¬‡ªìπ‡ß‘πªíπº≈‰¡à ‰¥â

17. °“√®—¥ √√°”‰√·≈–‡ß‘πªíπº≈ ‡¡◊ÕË «—π∑’Ë 19 ‡¡…“¬π 2548 ∑’ªË √–™ÿ¡ “¡—≠ºŸ∂â Õ◊ Àÿπâ ¢Õß∫√‘…∑— ¡’¡μ‘Õπÿ¡μ— ®‘ “à ¬‡ß‘πªíπº≈„πÕ—μ√“Àÿπâ ≈– 1.50 ∫“∑ ®”π«π 74,854,300 Àÿâπ ‡ªìπ®”π«π‡ß‘π 112,281,450 ∫“∑ ‚¥¬¡’°”Àπ¥®à“¬¿“¬„π«—π∑’Ë 9 æƒ…¿“§¡ 2548 μàÕ¡“‡¡◊ËÕ«—π∑’Ë 10 ‘ßÀ“§¡ 2548 ∑’Ëª√–™ÿ¡§≥–°√√¡°“√¢Õß∫√‘…—∑¡’¡μ‘„Àâ®à“¬‡ß‘πªíπº≈√–À«à“ß°“≈·°àºŸâ∂◊ÕÀÿâπ ®”π«π 76,898,100 Àÿâπ „π√“§“Àÿâπ≈– 0.50 ∫“∑ √«¡‡ªìπ‡ß‘π∑—Èß ‘Èπ 38,449,050 ∫“∑ ·≈–‰¥â®à“¬‡ß‘πªíπº≈ ¥—ß°≈à“«„Àâ·°àºŸâ∂◊ÕÀÿâπ·≈â«„π«—π∑’Ë 9 °—π¬“¬π 2548 ‡¡◊ÕË «—π∑’Ë 16 ‡¡…“¬π 2547 ∑’ªË √–™ÿ¡ “¡—≠ºŸ∂â Õ◊ Àÿπâ ¢Õß∫√‘…∑— ¡’¡μ‘Õπÿ¡μ— ®‘ “à ¬‡ß‘πªíπº≈„πÕ—μ√“Àÿπâ ≈– 1.90 ∫“∑ ®”π«π 71,777,000 Àÿâπ ‡ªìπ®”π«π‡ß‘π 136,376,300 ∫“∑ ‚¥¬¡’°”Àπ¥®à“¬¿“¬„π«—π∑’Ë 14 æƒ…¿“§¡ 2547 ·≈–®—¥ √√°”‰√‡ªìπ‡ß‘π ”√Õßμ“¡°ÆÀ¡“¬Õ’°®”π«π‡ß‘π 888,500 ∫“∑ μàÕ¡“‡¡◊ËÕ«—π∑’Ë 11 ‘ßÀ“§¡ 2547 ∑’Ëª√–™ÿ¡§≥–°√√¡°“√¢Õß∫√‘…—∑¡’¡μ‘„Àâ®à“¬‡ß‘πªíπº≈√–À«à“ß°“≈·°àºŸâ∂◊ÕÀÿâπ®”π«π 72,083,900 Àÿâπ „π√“§“ Àÿâπ≈– 0.50 ∫“∑ √«¡‡ªìπ‡ß‘π∑—Èß ‘Èπ 36,041,950 ∫“∑ ·≈–‰¥â®à“¬‡ß‘πªíπº≈¥—ß°≈à“«„Àâ·°àºŸâ∂◊ÕÀÿâπ·≈â«„π«—π∑’Ë 9 °—π¬“¬π 2547

100

18. °“√‡ªî¥‡º¬¢âÕ¡Ÿ≈‡°’Ë¬«°—∫‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π ∫√‘…—∑‰¥â√“¬ß“π·≈–‡ªî¥‡º¬¢âÕ¡Ÿ≈‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π¢Õß∫√‘…—∑¥—ßμàÕ‰ªπ’È 18.1 π‚¬∫“¬°“√∫—≠™’ √“¬≈–‡Õ’¬¥¢Õßπ‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠ ‰¥â‡ªî¥‡º¬‰«â·≈â«„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 3 18.2 §«“¡‡ ’Ë¬ß¥â“π ‘π‡™◊ËÕ §«“¡‡ ’Ë¬ß¥â“π ‘π‡™◊ËÕ‡°‘¥®“°≈Ÿ°§â“‰¡àªØ‘∫—μ‘μ“¡‡ß◊ËÕπ‰¢°“√´◊ÈÕ¢“¬ ∑”„Àâ ‰¡à “¡“√∂‡√’¬°‡°Á∫Àπ’È ‰¥â´÷Ëß°àÕ„Àâ‡°‘¥§«“¡‡ ’¬À“¬·°à∫√‘…—∑ ∫√‘…—∑¡’§«“¡‡ ’Ë¬ß‡°’Ë¬«°—∫°“√°√–®ÿ°μ—«¢Õß ‘π‡™◊ËÕ‰¡à¡“° ‡π◊ËÕß®“°∫√‘…—∑¡’π‚¬∫“¬∑’Ë®–∑”∏ÿ√°√√¡ à«π„À≠à°—∫∫√‘…—∑§Ÿà§â“∑’Ë¡’§«“¡πà“‡™◊ËÕ∂◊Õ ‡æ◊ËÕ≈¥‚Õ°“ °“√ Ÿ≠‡ ’¬∑“ß°“√‡ß‘π®“°°“√‰¡à “¡“√∂ªØ‘∫—μ‘μ“¡ —≠≠“‰¥â ”À√—∫ ‘π∑√—æ¬å∑“ß°“√‡ß‘π∑’Ë· ¥ß„πß∫¥ÿ≈ √“§“μ“¡∫—≠™’¢Õß ‘π∑√—æ¬å∂◊Õ‡ªìπ¡Ÿ≈§à“ Ÿß ÿ¥¢Õß §«“¡‡ ’Ë¬ß∑’Ë‡°‘¥®“°°“√‰¡àªØ‘∫—μ‘μ“¡ —≠≠“ 18.3 §«“¡‡ ’Ë¬ß‡°’Ë¬«°—∫Õ—μ√“¥Õ°‡∫’È¬ §«“¡‡ ’Ë¬ß‡°’Ë¬«°—∫Õ—μ√“¥Õ°‡∫’È¬‡°‘¥®“°°“√∑’ËÕ—μ√“¥Õ°‡∫’È¬®–‡ª≈’Ë¬π·ª≈ß‰ª ´÷Ëß°àÕ„Àâ‡°‘¥º≈ ‡ ’¬À“¬·°à∫√‘…—∑„πß«¥ªí®®ÿ∫—π·≈–ß«¥μàÕÊ ‰ª ´÷Ëß∫√‘…—∑§“¥«à“º≈°√–∑∫®“°Õ—μ√“¥Õ°‡∫’È¬∑’Ë®– ‡ª≈’Ë¬π·ª≈ß Ÿß¢÷Èπ‰¡à¡’ “√– ”§—≠μàÕ¥Õ°‡∫’È¬®à“¬ ‡π◊ËÕß®“°‡ß‘π°Ÿâ¬◊¡¢Õß∫√‘…—∑¡’®”π«π‰¡à ¡’ π—¬ ”§—≠ 18.4 §«“¡‡ ’Ë¬ß®“°Õ—μ√“·≈°‡ª≈’Ë¬π‡ß‘πμ√“μà“ßª√–‡∑» §«“¡‡ ’Ë¬ß®“°Õ—μ√“·≈°‡ª≈’Ë¬π‡°‘¥®“°°“√∑’ËÕ—μ√“·≈°‡ª≈’Ë¬π‡ß‘πμ√“μà“ßª√–‡∑»‡ª≈’Ë¬π·ª≈ß‰ª ´÷Ëß°àÕ„Àâ‡°‘¥§«“¡‡ ’¬À“¬·°à∫√‘…—∑∫√‘…—∑„πß«¥ªí®®ÿ∫—π·≈–ß«¥μàÕ‰ª ´÷Ëß∫√‘…—∑§“¥«à“º≈°√–∑∫ ®“°°“√‡ª≈’Ë¬π·ª≈ßÕ—μ√“·≈°‡ª≈’Ë¬π‰¡à¡’ “√– ”§—≠μàÕ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑“ß°“√‡ß‘π∑’Ë‡ªìπ ‡ß‘π °ÿ≈μà“ßª√–‡∑» ‡π◊ËÕß®“°∏ÿ√°√√¡ à«π„À≠à¢Õß∫√‘…—∑∑”„π °ÿ≈‡ß‘π∫“∑ 18.5 ª√–¡“≥°“√√“§“¬ÿμ‘∏√√¡ ”À√—∫‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π ¡“μ√∞“π°“√∫—≠™’¢Õß‰∑¬©∫—∫∑’Ë 48 ç°“√· ¥ß√“¬°“√·≈–°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ”À√—∫‡§√◊ËÕß¡◊Õ ∑“ß°“√‡ß‘πé °”Àπ¥„Àâ‡ªî¥‡º¬¡Ÿ≈§à“¬ÿμ‘∏√√¡ ´÷ËßμâÕß„™â¥ÿ≈¬æ‘π‘®„π°“√ª√–¡“≥¡Ÿ≈§à“¬ÿμ‘∏√√¡ ¥—ßπ—πÈ ¡Ÿ≈§à“¬ÿμ∏‘ √√¡∑’Ëª√–¡“≥¢÷Èπ∑’‡Ë ªî¥‡º¬„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘ππ’®È ÷ß‰¡à®”‡ªìπμâÕß∫àß™’È ∂÷ß®”π«π‡ß‘π´÷Ëß‡°‘¥¢÷Èπ®√‘ß„πμ≈“¥·≈°‡ª≈’Ë¬π„πªí®®ÿ∫—π °“√„™â¢âÕ ¡¡ÿμ‘∞“π∑“ß°“√μ≈“¥·≈–À√◊Õ«‘∏’°“√ª√–¡“≥∑’Ë·μ°μà“ß°—πÕ“®¡’º≈°√–∑∫∑’Ë¡’ “√– ”§—≠„π¡Ÿ≈§à“¬ÿμ‘∏√√¡∑’Ëª√–¡“≥¢÷Èπ ∫√‘…—∑„™â«‘∏’°“√·≈–¢âÕ ¡¡ÿμ‘∞“π¥—ßμàÕ‰ªπ’È „π°“√ª√–¡“≥ ¡Ÿ≈§à“¬ÿμ‘∏√√¡¢Õß‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π

101

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π≈ß∑ÿπ™—Ë«§√“« ≈Ÿ°Àπ’È°“√§â“ ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à°‘®°“√ ∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π ‡®â“Àπ’È°“√§â“·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ¡’¡Ÿ≈§à“μ“¡∫—≠™’ ®”π«π„°≈â‡§’¬ß°—∫¡Ÿ≈§à“¬ÿμ‘∏√√¡‚¥¬ª√–¡“≥ ‡π◊ËÕß®“°§√∫°”Àπ¥™”√–„π√–¬–‡«≈“Õ—π —Èπ ‡ß‘π≈ß∑ÿπ„π°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ¡Ÿ≈§à“¬ÿμ‘∏√√¡¢Õß‡ß‘π≈ß∑ÿπ‰¥â§”π«≥μ“¡«‘∏’°“√∑’Ë°≈à“«‰«â „π À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 3

19. ¢âÕ¡Ÿ≈®”·π°μ“¡ à«πß“π ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ª√–°Õ∫∏ÿ√°‘®√â“πÕ“À“√·≈–‡∫‡°Õ√’Ë ‚¥¬‡¡◊ËÕæ‘®“√≥“∂÷ßª√–‡¿∑¢Õß°‘®°√√¡·≈â« “¡“√∂·¬°√“¬‰¥â °”‰√®“°°“√¥”‡π‘πß“π ·≈– ‘π∑√—æ¬å ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 μ“¡ à«πß“π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‰¥â¥—ßπ’È ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548

®”·π°μ“¡¿Ÿ¡‘»“ μ√å √“¬‰¥â °”‰√ ÿ∑∏‘ ‘π∑√—æ¬å

„πª√–‡∑»

μà“ßª√–‡∑»

æ—π∫“∑ √«¡

2,775,485 179,330 1,838,346

639,627 24,271 246,189

3,415,112 203,601 2,084,535

„πª√–‡∑»

μà“ßª√–‡∑»

æ—π∫“∑ √«¡

2,557,516 174,005 1,531,186

486,289 9,222 217,703

3,043,805 183,227 1,748,889

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2547

®”·π°μ“¡¿Ÿ¡‘»“ μ√å √“¬‰¥â °”‰√ ÿ∑∏‘ ‘π∑√—æ¬å

20. ‘π∑√—æ¬å∑’Ë„™â‡ªìπÀ≈—°ª√–°—π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ‡ß‘πΩ“°∏π“§“√¢Õß∫√‘…—∑ ®”π«π‡ß‘πª√–¡“≥ 2.54 ≈â“π∫“∑ „™â‡ªìπÀ≈—°ª√–°—π„Àâ·°à∏π“§“√„π°“√ÕÕ°Àπ—ß ◊Õ§È”ª√–°—π‡æ◊ËÕ§È”ª√–°—π°“√„™â ‰øøÑ“ (À¡“¬‡Àμÿ¢âÕ 21) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ‡ß‘πΩ“°ª√–®”¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß®”π«π‡ß‘πª√–¡“≥ 21.99 ≈â“π∫“∑ ·≈– 22.52 ≈â“π∫“∑ μ“¡≈”¥—∫ „™â‡ªìπÀ≈—°ª√–°—π‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π¢Õß∫√‘…—∑¬àÕ¬„π μà“ßª√–‡∑»·ÀàßÀπ÷Ëß

102

21. ¿“√–ºŸ°æ—π·≈–Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ„π¿“¬Àπâ“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫√‘…∑— ·≈–∫√‘…∑— ¬àÕ¬¡’¿“√–ºŸ°æ—π·≈–Àπ’ È π‘ ∑’ÕË “®‡°‘¥¢÷πÈ „π¿“¬Àπâ“ ¥—ßμàÕ‰ªπ’È °. ¿“√–ºŸ°æ—π∑’Ë®–μâÕß®à“¬™”√–‡ß‘π§à“‡™à“μ“¡ —≠≠“‡™à“√–¬–¬“«·≈– —≠≠“‡™à“´◊ÈÕ√∂¬πμå ¡’¥—ßπ’È °ÿ≈‡ß‘π

¿“¬„π 1 ªï ¿“¬„π 2 - 5 ªï ¡“°°«à“ 5 ªï √«¡ 2548 2547 2548 2547 2548 2547 2548 2547 §à“‡™à“ ”π—°ß“π “¢“ ≈â“π∫“∑ 133.60 124.40 203.38 151.62 35.00 44.87 371.98 320.89 ≈â“πªÕπ¥å ‡μÕ√å≈ß‘ 0.38 0.38 1.46 1.54 1.23 1.53 3.07 3.45 §à“‡™à“·≈–‡™à“´◊ÈÕ√∂¬πμå ≈â“π∫“∑ 3.23 3.43 3.63 6.03 › › 6.86 9.46 ¢. ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫√‘…—∑¡’¿“√–ºŸ°æ—π§ß§â“ß‡°’Ë¬«°—∫√“¬®à“¬ΩÉ“¬∑ÿπμ“¡ —≠≠“«à“®â“ß·≈–´◊ÈÕ¢“¬«— ¥ÿÕÿª°√≥å„π°“√°àÕ √â“ß‚√ßß“π·≈– “¢“·Ààß„À¡à ®”π«π‡ß‘π 63.84 ≈â“π∫“∑ ·≈– 48.34 ≈â“π∫“∑ μ“¡≈”¥—∫ §. ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫√‘…—∑¡’¿“√–ºŸ°æ—πμ“¡Àπ—ß ◊Õ§È”ª√–°—π∑’Ë∏π“§“√ÕÕ°„Àâ ‡æ◊ËÕ§È”ª√–°—π°“√„™â ‰øøÑ“®”π«π‡ß‘π 8.38 ≈â“π∫“∑ ·≈– 8.90 ≈â“π∫“∑ μ“¡≈”¥—∫ (À¡“¬‡Àμÿ ¢âÕ 20) ß. ®”π«π«ß‡ß‘π ‘π‡™◊ËÕ∑’Ë¬—ß‰¡à ‰¥â‡∫‘°„™â ¡’¥—ßπ’È

‡ß‘π°Ÿ¬â ◊¡√–¬– —Èπ ‡ß‘π‡∫‘°‡°‘π∫—≠™’∏π“§“√ Àπ—ß ◊Õ§È”ª√–°—π «ß‡ß‘π‡æ◊ËÕ∑”∏ÿ√°√√¡¥â“π‡ß‘πμ√“μà“ßª√–‡∑» √«¡

≈â“π∫“∑ 2548 2547 395 465 91 91 78 93 › › 564 649

≈â“πªÕπ¥å ‡μÕ√å≈‘ß 2548 2547 › 0.20 0.40 0.25 › › › › 0.40 0.45

≈â“π¥Õ≈≈“√å À√—∞ 2548 2547 › › › › › › 5.30 5.30 5.30 5.30

®. ¿“√–ºŸ°æ—π®“°°“√§È”ª√–°—π«ß‡ß‘π ‘π‡™◊ËÕ¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß ‡ªìπ®”π«π‡ß‘π 1.50 ≈â“π∫“∑ ”À√—∫ªï 2548 ·≈– 2547

22. °“√®—¥ª√–‡¿∑√“¬°“√∫—≠™’„À¡à √“¬°“√∫—≠™’∫“ß√“¬°“√„πß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2547 ‰¥â®—¥ª√–‡¿∑„À¡à ‡æ◊ËÕ„Àâ Õ¥§≈âÕß°—∫°“√· ¥ß√“¬°“√„πß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548

23. °“√Õπÿ¡—μ‘ß∫°“√‡ß‘π ß∫°“√‡ß‘ππ’È ‰¥â√—∫°“√Õπÿ¡—μ‘®“°°√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡¢Õß∫√‘…—∑·≈â«‡¡◊ËÕ«—π∑’Ë 17 °ÿ¡¿“æ—π∏å 2549

103

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

¢âÕ¡Ÿ≈∑—Ë«‰ª¢Õß∫√‘…—∑·≈–∫ÿ§§≈Õâ“ßÕ‘ß ™◊ËÕ ª√–°Õ∫∏ÿ√°‘®À≈—°ª√–‡¿∑

∑ÿπ®¥∑–‡∫’¬π ∑ÿπ∑’ËÕÕ°·≈–‡√’¬°™”√–·≈â« ∑’Ëμ—Èß ”π—°ß“π„À≠à ‚∑√»—æ∑å ‚∑√ “√ ‚Œ¡‡æ®

∫√‘…—∑ ‡Õ ·Õπ¥å æ’ ´‘π¥‘‡§∑ ®”°—¥ (¡À“™π) ‡§√◊Õ√â“πÕ“À“√ ·≈–‡∫‡°Õ√’Ë ºŸâº≈‘μ‡§â° ¢π¡ªíß ¢π¡Õ∫ ¢π¡‰∑¬ º≈‘μ¿—≥±å Õ“À“√·≈–‡∫‡°Õ√’Ë ”‡√Á®√Ÿª·™à·¢Áß ∫√‘°“√ àßÕ“À“√∂÷ß∫â“π ∫√‘°“√®—¥‡≈’È¬ß πÕ° ∂“π∑’Ë ∫√‘À“√·≈–≈ß∑ÿπ‡ªî¥√â“πÕ“À“√‰∑¬„πμà“ßª√–‡∑» 525,000,000 ∫“∑ (Àâ“√âÕ¬¬’Ë ‘∫Àâ“≈â“π∫“∑) ª√–°Õ∫¥â«¬®”π«πÀÿâπ 105 ≈â“πÀÿâπ “¡—≠ ¡Ÿ≈§à“Àÿâπ∑’Ëμ√“‰«âÀÿâπ≈– 5 ∫“∑ 434,769,000 ∫“∑ ( ’Ë√âÕ¬ “¡ ‘∫ ’Ë≈â“π‡®Á¥· πÀ°À¡◊Ëπ‡°â“æ—π∫“∑) 457-457/6 ÿ¢ÿ¡«‘∑ 55 (´Õ¬∑ÕßÀ≈àÕ) ∂ππ ÿ¢ÿ¡«‘∑ ·¢«ß§≈Õßμ—π‡Àπ◊Õ ‡¢μ«—≤π“ °√ÿß‡∑æ¡À“π§√ 10110 (02) 381-3412-29 (02) 381-2790 www.sandp.co.th www.snpfood.com

π“¬∑–‡∫’¬πÀ≈—°∑√—æ¬å ∫√‘…—∑ »Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ Õ“§“√ ∂“∫—π«‘∑¬“°“√μ≈“¥∑ÿπ ‡≈¢∑’Ë 2/7 À¡Ÿà∑’Ë 4 (‚§√ß°“√πÕ√å∏ª“√å§) ∂ππ«‘¿“«¥’√—ß ‘μ ·¢«ß∑ÿàß ÕßÀâÕß ‡¢μÀ≈—° ’Ë °√ÿß‡∑æ¡À“π§√ 10210 ‚∑√»—æ∑å (02) 596-9000 ‚∑√ “√ (02) 832-4994-6 ºŸâμ√«® Õ∫∫—≠™’ ∫√‘…—∑ ¥’≈Õ¬∑å ∑Ÿâ™ ‚∏¡—∑ ÿ ‰™¬¬» ®”°—¥ Õ“§“√√—®π“°“√ ™—Èπ 25 183 ∂ππ “∑√„μâ ·¢«ß¬“ππ“«“ ‡¢μ “∑√ °√ÿß‡∑æ¡À“π§√ 10120 ‚∑√»—æ∑å (02) 670-5700 ‚∑√ “√ (02) 676-5757 ™◊ËÕºŸâμ√«® Õ∫∫—≠™’ π“¬‡æ‘Ë¡»—°¥‘Ï ®‘√–®—°√«—≤π“ ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ‡≈¢∑–‡∫’¬π 3427 ∑’Ëª√÷°…“°ÆÀ¡“¬ ”π—°ß“π°ÆÀ¡“¬ ¥√. ÿ«√√≥ «≈—¬‡ ∂’¬√ 68 ´Õ¬ 8 ∂ππ ÿ¢ÿ¡«‘∑ ‡¢μ§≈Õß‡μ¬ °√ÿß‡∑æ¡À“π§√ 10110 ‚∑√»—æ∑å (02) 253-3427 ‚∑√ “√ (02) 653-1135

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CONTENTS

●

Financial Highlights

106

●

Message from the Chairman

108

●

Business Profile – Nature of business – Business overview of the Company and its subsidiaries – Revenue structure – Products and services – Marketing – Procurement process for the Company and its subsidiaries – Industry situation and competition – Research and development

110 110 111 113 116 122 123 124 125

●

Future Projects

126

●

Risk Factors

127

●

Shareholders’ Structure – 10 major shareholders – Dividend payment policy

128 128 129

●

Management Structure and Corporate Governance – Directorial Structure The Board of Directors Audit Committee Executive Committee Management Team – Nomination of Directors and Executives – Executives’ remuneration Monetary remuneration Other remuneration provided – Corporate governance – Insider information issues – Internal controls – Personnel

130 130 130 130 130 131 139 139 139 140 140 145 146 147

●

Connected Transactions

148

●

Analysis of Operating Performance and Financial Status

150

●

Report of the Audit Committee

152

●

Report of the Independent Certified Public Accountants

154

●

Financial Statements

155

●

General Corporate Information and Other References

188

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S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

FINANCIAL HIGHLIGHTS Operating Performance

2005

2004

2003

2002

2001

3,361,307 53,805 3,415,112 1,428,276 203,601

2,994,692 49,113 3,043,805 1,256,982 183,227

2,550,397 41,461 2,591,859 1,064,531 176,164

2,324,735 33,367 2,362,840 977,999 202,994

2,142,303 41,065 2,186,408 921,903 171,928

777,585 2,084,535 511,853 1,572,682 434,769 414,370

586,254 1,748,889 444,396 1,304,493 374,271 326,379

567,085 1,599,823 373,348 1,226,475 358,885 348,671

521,284 1,498,712 352,969 1,145,743 350,000 318,955

465,158 1,315,684 480,974 834,710 300,000 272,428

9.77 12.95 5.97 0.3:1

10.48 14.05 6.02 0.3:1

11.01 14.37 6.80 0.3:1

13.54 17.72 8.59 0.3:1

13.07 20.60 7.85 0.6:1

12.20 11.12 19.19

17.44 4.01 9.32

9.69 (13.20) 6.74

8.07 18.07 13.91

12.07 11.92 14.63

(Par 5.- Baht)

18.09 2.68 –

17.43 2.53 2.00

17.09 2.50 1.90

16.37 3.03 1.90

13.91 2.87 1.80

(Par 5.- Baht)

105,000 86,954 75,941

105,000 74,854 72,304

105,000 71,777 70,413

105,000 70,000 66,959

105,000 60,000 60,000

(Units: Thousand Baht) Revenue from sales and services Other income Total revenue Gross profit Net profit (loss) Financial Status (Units: Thousand Baht) Current assets Total assets Total liabilities Shareholder’s equity Paid-up capital Net cash provided by operating activities Financial Ratios (Units: Percent) Return on investment Return on equity Net profit margin Debt to equity Growth Rates (Units: Percent) Total revenue growth Net profit growth Total assets growth Per share values (Units:Bath/share) Book value per share Earnings per share Dividends per share Share Capital (Units: Thousand Shares) Registered Ordinary Shares Number of Shares Issued and Paid-Up Weighted average Shares

106

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

MESSAGE FROM THE CHAIRMAN 2005 proved to be another chapter for success, with healthy growth of the Company’s operating results and the expansion of an additional 36 restaurants and bakery shop outlets. Meanwhile, the domestic market base for bakery products, frozen meals and sausage items widened, opening up new distribution channels in superstores and convenience stores. The Company also expanded its international frontiers with the export of bakery products and frozen meals to Japan, Switzerland, France, the United States, Canada, Australia, Singapore, Taiwan and Myanmar. The year was noteworthy for several proud distinctions, highlights being recipient of the Prime Minister’s Export Award 2005 for Patara Fine Thai Cuisine restaurants in London, and the Superbrands Thailand 2005 award for S&P as one of the “top of the mind” brands preferred by Thai consumers. Meanwhile, the Company expanded the Good Manufacturing Practice (GMP) project for food hygiene to all 233 of its restaurants and bakery shops. This follows in the footsteps of 5 initial restaurant branches under the project, which received GMP certification from the Office of Thai Industrial Standards in 2005. All the raw materials purchased and sourced for the restaurants and bakery shops are strictly controlled to ensure the highest standards of quality and safety. This has resulted in the Company being honoured with the “Clean Food, Good Taste” and “Food Safety” signs from the Ministry of Public Health. The bakery and food production factories initiated ongoing programs to develop their quality system programs. Their efforts were rewarded with coveted standards certification, including GMP, HACCP and ISO 9001, from various official agencies such as the Thai Food and Drug Administration; the Ministry of Public Health; the Department of Agriculture; the Department of Fisheries; and the Ministry of Agriculture and Cooperatives. These certifications enhance the confidence that consumers have entrusted in the Company’s products for the past 33 years. As always, the Company supported activities to benefit society, such as the “S&P Happy Bakery” project for Primary Level 3 students, taken to 30 schools throughout Bangkok. The project delighted and inspired youngsters to express their power of imagination and creativity, giving them a free hand to decorate the Company’s cakes themselves. The Company also spread delicious joy with the donation of cakes to children and the disadvantaged of society through various foundations, children’s welfare homes

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and centres for the underprivileged. A total of 42 worthy causes received these donations, as part of the â&#x20AC;&#x153;2005 Wishes - Cake A Wish, Make A Wishâ&#x20AC;? project, in accordance with the expressed intentions of customers. Furthermore, the Company provided monetary and product donations to charitable institutions and student bodies for use in various projects reaching out to remote and underprivileged areas of the country. In 2006, the Company intends to employ pro-active marketing strategies, in order to swiftly respond to dynamic changes, competition and customer needs. The aim is to attract more new customers into the outlets and thereby create consistent future business growth. The Company plans to open 10 new restaurants and another 25 bakery shops in high traffic locations such as leading shopping centres, supermarkets, hypermarkets, hospitals, office buildings and petrol stations. There are also plans to renovate and refresh existing outlets with an image suitable for each individual location. The constant taste of success has been made possible through the capabilities and commitment of the Companyâ&#x20AC;&#x2122;s employees and management, as well as the Executive team and all our Directors. Together, they have devoted their time and efforts to ensuring the growth and prosperity of the Company. I would therefore like to take this opportunity to personally express my sincere gratitude to one and all, for their unwavering dedication.

(Patara Sila-On) Chairman

109

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

BUSINESS PROFILE Nature of business Background and major milestones S&P Syndicate Public Company Limited, or simply S&P Co., Ltd. as it was originally known, was founded in 1973 by the Raiva and Sila-On siblings. Their modest mission was to create a quality food and bakery outlet in a casual setting, serving a mid-income clientele. The first S&P branch was located in Sukhumvit Soi 23. The standard of “S&P” food and service quickly established a reputation for itself and gained customers’ acceptance. This led to the opening of other branches in several prime locations throughout Bangkok. In 1984, the Company constructed its first bakery factory, producing fresh cakes and various baked goods, to meet a growing market appetite. With 1989 came a major turning point with the firm’s listing on the Stock Exchange of Thailand. This coincided with significant investments in a rapid succession of new restaurant and bakery outlets, including the opening of the first overseas branch of Patara Fine Thai Cuisine in London, England. This was followed by new product and service innovations, such as the line of frozen prepared meals under the “Quick Meal” concept; the gaining of sole licensee rights for Haagen-Dazs ice-cream in Thailand; and home delivery services, offering customers new levels of convenience. The Company also entered into joint investments with experienced local business visionaries in Singapore, Taiwan and Switzerland, to debut Thai restaurants in these markets. 1998 was the year of corporate restructuring for the S&P group of companies. The streamlining involved 4 subsidiaries ceasing operations and transferring their businesses under the single umbrella of the Company, in the interests of enhanced efficiency and flexibility. By 1999, the bakery factory and the food production factory gained HACCP (Hazard Analysis Critical Control Point) certification. This food production standard is globally accepted within the food manufacturing industry. Meanwhile, a new restaurant concept was unveiled under the “Patio” name, offering a menu inspired by contemporary international cooking trends. In 2002, the bakery factory received the GMP (Good Manufacturing Practice) standard certification. In addition, the factory’s laboratory facilities were awarded with the ISO-IEC 17025 certification from the Office of Industrial Standards, for production processes. The year was also noteworthy for the introduction of “Blue Cup” coffee corners in existing S&P restaurants. On an international note, the first branch of the trendy “THAI” restaurant opened in Switzerland. 2003 saw a major product launch with the line of “Delio” cookies, which proved to be an instant recipe for success. A branch of “Patio” opened in Taiwan, to cater to the growing popular demand for a new blend of Thai-Western cooking. On the manufacturing side, the factory facilities at the Lardkrabang Industrial Estate were expanded with the acquisition of an adjacent plant. Renovations were made to further increase the production capacity of the Company’s frozen food products. 2004 was welcomed in with another new dining concept : Vanilla Industry, created with a sophisticated, young crowd in mind. The Company’s restaurants likewise gained stature with the Ministry of Public Health’s granting of the “Clean Food, Good Taste” and “Food Safety” signs for its network of

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more than 70 restaurants and bakery shops. Furthermore, 5 full-service S&P restaurant outlets received GMP certification from the Office of Industrial Product Standards. 2005 was a good year for restaurant expansion, with 1 new branch of Vanilla Industry and the opening of a “Grand Patio” in Taiwan. Also in the global marketplace, the London branch of “Patara” received the distinction of the PM Award 2005 (the Prime Minister’s Export Award 2005 in the category of Best Service Provider. This underlined the Company’s status as a pioneer of Thai restaurants abroad. The Company also received the “Superbrands Thailand 2005” award, recognizing S&P’s favoured status as a “top of the mind” brandname amongst Thai consumers. Business overview of the Company and its subsidiaries S&P Syndicate Public Company Limited and its group of companies operates a restaurant and bakery business, which includes the distribution of products under the “S&P” name, categorised as follows. Domestic restaurants and bakeries

the operation of restaurant branches and bakery shops nationwide, under the various brands of “S&P”, “Patio”, “Patara”, “Vanilla”, “Golden Dragon”, and “Bluecup” coffee.

Overseas restaurants

the operation of Thai restaurants abroad under the names “Patara”, “Siam Kitchen”, “Thai” and “Patio”

Production and distribution of other products

the production and distribution of bakery products, frozen prepared foods, sausage and ham products, pasta, food colourings and essences used in the food industry. These are sold under the names “S&P”, “Delio”, “Patio”, “Vanilla”, “Bluecup” and “Royallee”. The products are distributed through the Company’s own restaurants and bakery shops,

Other services

the provision of other related services, such as home delivery of foods and outside catering.

The S&P group of companies comprises 3 subsidiaries and 1 joint venture, with details as follows. Subsidiaries 1. S&P Global Co., Ltd. is a subsidiary company that operates Thai restaurants abroad, both in the form of wholly-owned firms and joint ventures established with foreign partner companies. Since S&P Global has existing expertise in restaurant management and personnel teams with specialized food knowledge and skills, it selects local partners with relevant industry experience and an intimate knowledge of the market preferences of the target country. This it allows it to operate its business in the chosen country more conveniently, while complying with the laws and regulations of that country. The companies created as investments in foreign countries are detailed below. 1. S&P Restaurants Ltd. operates Thai restaurants under the “Patara” brandname in London, England. There are currently 4 branches.

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S&P

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2. Patara (Geneva) SA operates a Thai restaurant under the “Patara” name in Geneva, Switzerland. There is currently 1 branch. 3. Theme Foods (PTE) Ltd. operates Thai restaurants under the “Patara” name in Singapore. There are currently 2 branches. 4. Siam Kitchen Causeway Point (PTE) Ltd. operates Thai restaurants under the “Siam Kitchen” brand in Singapore. There are currently 7 branches. 5. Patara Taiwan Co., Ltd. operates a Thai restaurant under the “Patara” name in Taiwan. There is currently 1 branch. 6. Patio International Co., Ltd. operates a restaurant under the “Patio” name in Taiwan. There is currently 1 branch. 7. Patara Development SA operates a restaurant under the “THAI” name in Geneva, Switzerland. There is currently 1 branch. 8. Siam Kitchen SDN. BHD. operated a restaurant under the “Siam Kitchen” brand in Malaysia. The outlet has closed since 30 September 2005. 2. Seriwat Foods Co., Ltd. is a producer of sausage, ham and pasta products, including food colourings and essences used in the food industry. It also produces various flavourings for the other companies within the Group and outside clients. Seriwat Foods transferred its business activities to S&P Syndicate Public Company Limited in October 2004. 3. S&P Assets Co., Ltd. (formerly S&P Minor Foods Co., Ltd.) is a joint venture company in which the Company is a shareholder. The other 50 percent is held by the Minor Foods Group Public Co., Ltd. In 2005, this firm became a subsidiary company, with the objective of developing real estate into rental locations for restaurants. At present, the Company is the owner of a leasehold property and building in Sukhumvit Soi 26. The building is rented out to a S&P restaurant, as well as other tenants. Subsidiaries with ceased operations S&P Kitchen Co., Ltd. operated as the producer of meals and provider of services in the Company’s restaurants. The subsidiary ceased operations as of 1998, but has not closed its accounts. However, all assets were transferred to the Company, for it to conduct its operations on its behalf. In 2003, the subsidiary’s registered capital was reduced from the original 60 million Baht, to 15 million Baht. Subsequently, in 2005, registered capital was again reduced from 15 million Baht to 4 million Baht. S&P Bakery Products Co., Ltd. was the producer and wholesaler of bakery products to the Company. It ceased operations in 1998, and has since closed its accounts as of 26 September 2005. S&P Distribution and Sales Co., Ltd. was the wholesale broker for the Company. It ceased operations in 1998 and has closed its accounts entirely as of 26 September 2005. S&P Franchising Co., Ltd. sold franchising rights for “S&P” restaurant and bakery outlets to licensed franchisees. The subsidiary ceased operations since 1998 and closed its accounts entirely as of 26 September 2005.

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Associated companies with ceased operations S&P Catering Co., Ltd. was a joint venture with Golden Dragon Restaurant Co., Ltd. established for the operation of outside catering services under the “S&P” name. All business activities have since been transferred to the Company. The firm has removed its business registration and entirely closed its accounts. Associated companies HD Distributors (Thailand) Co., Ltd. is a joint investment company with General Mills International Holdings LLC. It is the sole importer and distributor of “Haagen-Dazs” ice-cream in Thailand, through its 20 outlets and leading supermarkets.

S&P Group Structure

S&P Syndicate Public Co., Ltd.

80.00%▲

99.96%▲

S&P Global Co., Ltd.

S&P Asset Co., Ltd. (Formerly S&P Minor Foods Co., Ltd.)

Seriwat Food Co., Ltd.

49.00%▲ HD Distributors (Thailand) Co., Ltd.

62.00%

▲

96.00% S&P Restaurants Limited (England)

99.93%▲

Patara (Geneva) SA Companies with ceased operations Equity stake

▲

Theme Foods PTE (Singapore)

▲

50.00%

55.00% Patio International Co., Ltd. (Taiwan)

▲

Patara Taiwan Co., Ltd. (Taiwan)

▲

50.00%

50.00% Siam Kitchen Causeway Point PTE (Singapore)

Patara Development SA (Switzerland)

▲

45.00%

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S&P Kitchen Co., Ltd. Siam Kitchen SDN. BHD. (Malaysia)

99.99% 50.00%

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Revenue Structure Units : (Million Baht) Revenue categorised by sales channel

Operated by

% Equity stake

2005 Sales

Restaurant business Domestic Overseas Bakery outlet business Wholesale and other business Home delivery and catering

S&P S&P Global S&P S&P S&P

– 80.00 – – –

1,364 631 845 259 262

Total

2004 Sales

40.6% 1,242 18.8% 502 25.1% 792 7.7% 230 7.8% 229

2003 Sales

41.5% 1,087 16.8% 397 26.4% 666 7.7% 186 7.6% 214

42.6% 15.6% 26.1% 7.3% 8.4%

3,361 100.0% 2,995 100.0% 2,550 100.0%

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Units : (Million Baht) Revenue categorised by producy and service group Food and beverages Bakery products Frozen prepared meals Deli Products Macaroni & food essences Other Products

Operated by

% Equity stake

2005 Sales

S&P S&P S&P S&P S&P S&P

– – – – – –

1,600 1,474 115 51 34 87

Total

2004 Sales

47.6% 1,399 43.9% 1,345 3.4% 114 1.5% 49 1.0% 38 2.6% 50

2003 Sales

47.0% 1,167 45.0% 1,154 4.0% 105 2.0% 41 1.0% 36 2.0% 47

% 46.0% 45.0% 4.0% 2.0% 1.0% 2.0%

3,361 100.0% 2,995 100.0% 2,550 100.0%

In 2005, the major proportion of the revenue structure for the S&P Group was contributed by the restaurant and bakery business, amounting to 85 percent of total revenues. Of this proportion, the domestic restaurant and bakery business accounted for a 66 percent share, while the overseas restaurant business accounted for a 17 percent share. The remaining 19 percent share was generated by the Company’s wholesale business activities and other services such as home delivery and outside catering.

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Products and services Products The Company’s products may be categorised into 5 major groups as follows. 1. Bakery products

The Company develops new cake designs on a regular basis to satisfy consumer demand, in particular for special occasions and festive seasons. It has obtained licensing rights to Walt Disney cartoon characters with which to decorate cakes, gaining a warm reception from customers. The Company also sells the line of “Delio” cookies in sealed packaging, with a per-unit price that encourages consumers to try the product. This approach has enabled the products to reach a wider distribution network to complement the Company’s own outlet channels. With a long-term goal of upgrading production processes, the Company relocated its frozen pound butter cake manufacturing line to the Bang Na-Trat factory. This plant is equipped with special Mondomix equipment and new ovens, under the investment project of 2004-2005. The new technology ensures cakes with a smoother and uniformly even texture. Cake quality and hygiene standards are now more consistent than ever. Furthermore, the Company has invested in frozen pie production machinery, thereby ensuring consistent quality with an output of up to 100,000 pieces per day. The plant features a loading deck, in line with GMP (Good Manufacturing Practice) standards, to better control product delivery quality. 2. Frozen foods

The Company’s frozen food offerings may be further segmented as follows : 2.1 Frozen prepared meals, or “Quick Meals” with a selection of one-meal dishes, entrees, desserts and vegetarian menus, all ideally suited for fast-paced urban lifestyles. With consumers finding limited time to prepare meals, the “Quick Meals” can be re-heated in a microwave within a matter of minutes, to provide a satisfying hot option.

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2.2 Frozen food pouches, produced specifically as ingredients for restaurant use. The pouches help save on preparation time for customers, while more effectively controlling consistent recipe quality, with the side-benefit of reduced costs. 2.3 Sauces, dipping sauces and curry pastes, which are used as ingredients by the Company’s restaurants. 3. Processed deli products

The Company produces processed deli meat products for sale to the general public, as well as for use as ingredients in its restaurants. The items in this group include : 3.1 Sausage and ham products, presented in vacuum sealed packs for retail. Varieties available range from frankfurters, to garlic and pepper, cheese sausages and assorted flavours. The products are sold in the Company’s own outlets, as well as through supermarkets and convenience stores. 3.2 Sausage, ham, seasoned pork and chicken products, for use as ingredients in the preparation of the restaurants’ various dishes. 4. Pasta products and food additives

4.1 Dried pasta products, comprising spaghetti and macaroni sold under the “Royallee” brand, packaged for retail through most supermarkets. 4.2 Food additives, including yeast, food colourings and other substances for sale to bread and pastry producers at the industrial level. Other products in this line are custard powder, pancake mix and various types of bakery flour under the “Royallee” brand. The products are available at major supermarkets.

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4.3 The production line also accepts contract manufacturing for the production, kneading and mixing of dough as well as the production of powdered sugar, packaged according to clients’ custom requirements. In 2005, the Company implemented various quality management systems, including GMP, HACCP and ISO9001 for use in the manufacturing processes of the 4 aforementioned product categories. It is also received quality standards certification from official State agencies, such as the Thai Food and Drug Administration, the Ministry of Public Health and the Department of Agriculture and Fisheries, the Ministry of Agriculture and Cooperatives. In addition, the Company was recognised by respected private sector quality certification firms such as Tuvnord (Thailand) Co., Ltd. 5. Other products

5.1 The Company also contracted other manufacturers to produce various food items, such as prawn-fish crackers, roasted nut snacks, crispy cuttlefish, Thai desserts, birds’ nest beverages and essence of chicken health beverages, for marketing under the S&P brand. The products are sold through the Company’s outlets. The Company selects quality contract manufacturers according to stringent, predetermined standards. 5.2 Salad dressings, soups and various sauces are produced under the “Patio” brand, for sale through the restaurant network, as well as leading supermarkets. 5.3 Several products have been created under the “Vanilla” brand, for retail in the Company’s outlets. These include bakery products, bakery utensils and stylish souvenirs, such as T-shirts, aprons, clocks and others.

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Services The Company’s services may be categorised according to 3 major groups as follows. 1. Domestic restaurants and bakery shops, which offer services under the following brands 1.1 S&P Restaurants - offer full service with an extensive menu, as well as cakes, desserts, ice-creams and beverages. The restaurants’ customer profiles are diverse and range from families, to students, career workers and other client groups. 1.2 S&P Bakery Shops - are bakery corners selling the range of “S&P” bakery products. The outlets are located in leading department stores, superstores, discount stores, hospitals, office buildings, petrol stations and other high customer traffic locations. 1.3 Blue Cup - coffee counters offering premium quality coffee beverages. There are currently Blue Cup services available in 129 S&P Restaurants, as well as the first flagship “Blue Cup ebb and flo” outlet in Siam Centre, appealing to customers who appreciate quality tea and coffee selections. 1.4 Patara - restaurants catering to an up-scale target customer group and foreign diners, with Thai cuisine and a contemporary presentation. The menu offers creative recipes amidst an ambience of quiet sophistication. 1.5 Patio - serves international dishes in a casually trendy setting. The menu reflects an individual touch and is presented with flair. Patio also offers home-made products such as salad dressings, soups, pasta and ready-made sauces. 1.6 Vanilla - a new breed of restaurant and bakery, selling Western dishes and desserts. The restaurant interiors are a fresh interpretation of European sensibilities, striking a chord with a fashionable, young crowd. Vanilla also offers cooking classes for budding chefs. The Vanilla brand is represented by the Vanilla Industry, Vanilla Restaurant and Vanilla Brasserie names.

1.7 Golden Dragon - a contemporary Chinese restaurant with authentic tastes. The restaurant is renowned for its dim sum delicacies.

1.8 Grand Seaside - a seafood restaurant located in Laem Farn, Sri Racha District. The menu features the freshest seafood in a relaxed beachside setting. The restaurant also caters for large parties.

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Number of restaurants and bakery outlets nationwide as of 31 December 2005 Outlets in Bangkok

Provincial outlets

Total

S&P restaurants

S&P bakery shops

148

Patara restaurants

–

Patio restaurants

–

Vanilla restaurants

–

Golden Dragon restaurant

–

Bluecup coffee corners

–

Grand Seaside restaurant

–

144

233

Total 2. Overseas restaurants

S&P Global Co., Ltd. is the operator of S&P’s restaurant businesses abroad. There are currently a total of 18 branches overseas, under the following brandnames. 2.1 Patara Fine Thai Cuisine - is a Thai restaurant that focuses on the upper-end of the market with an emphasis on exquisite presentation, authentic tastes, refined service and a sleek ambiance. Patara maintains the diversity of genuine Thai recipes, even though the majority of its clients are foreign diners. In 2005, the London branches of Patara were honoured with the proud distinction of the PM Award 2005 (The Prime Minister’s Export Award 2005) for Best Service Provider. The restaurants have also been voted by leading magazines as the best Thai restaurants in London. 2.2 Siam Kitchen - a casual Thai restaurant concept for the Singapore market. The menu concentrates on single-dish items for quick and convenient dining. The outlets are usually located in suburban shopping malls, to better reach target customers. The decor is modern, with Thai accents provided through the materials used. The Siam Kitchen formula has expanded rapidly and gained strong acceptance. The restaurants have also received the Halal certification, which has earned the trust of the large Muslim population in Singapore. 2.3 THAI - a contemporary Thai restaurant in Geneva, Switzerland. The menu reflects a harmonious blend of Thai and Western influences. The interior design speaks of a modern design with a distinctive Thai motif through a careful selection of materials. 2.4 Patio - an international restaurant in a stylishly relaxed setting. The menu deftly mixes contemporary culinary trends with updated, well-loved Thai favourites. The restaurant interiors are contemporary, with Thai design references to impart an Oriental warmth.

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Number of overseas restaurants of 31 December 2005

Patara restaurants

England

Switzerland

Singapore

Taiwan

Total

Patio restaurants Siam Kitchen restaurants

THAI restaurants Total

1 4

1 9

3. Home delivery services and outside catering 3.1 The Company provides home delivery services to customers dialing the “1344” hotline (for Bangkok and outlying areas) to order S&P food and bakery items. The Company also offers “tiffin meals”, featuring a rotating menu of dishes delivered daily to customers’ homes. This has proved extremely popular with households and currently serves over 1,000 families daily. In 2006, the Company plans to expand its delivery coverage, to meet growing consumer demand. 3.2 The Company offers a comprehensive range of outside catering services, ideal for weddings, birthday celebrations and seminars. Boxed meals are also available, suitable for travel groups, tours or religious ceremonies. The catering service includes professional service staff and the handling of all arrangements, from table presentations, to floral decorations and all the utensils necessary for ensuring a smooth function. S&P’s catering service is the preferred choice for clients such as Government agencies, State Enterprises, private sector corporations and Embassies.

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Marketing The marketing policy which the Company has adopted as its philosophy for business is the creation of total customer satisfaction. The goal is to make customers associate the S&P reputation with quality food and bakery products, as well as service from the heart, in line with its motto “Super Service & Premium Products”. The Company’s 4 key strategies are summarised as follows. 1. Products and packaging The Company constantly develops new food and bakery products, to meet the needs and dynamically changing lifestyles of consumers. Examples of new star products unveiled in 2005 included Black Forest Creme Roll; Premium Cookies (in cheese, butter jam ring, almond, chocolate chip and almond ball flavours); classic sausages (in cocktail, hotdog and Vienna versions); bacon product selections; “Tasty Meal” frozen prepared meals; and the line of “Jelio” ready-to-eat jellies. The Company also debuted products under brands other than the “S&P” trademark, including Patio, Vanilla and Delio as a means of expanding its market base to reach new customer profiles. The Company is also committed to the ongoing development of product packaging, creating modern and attractive designs, allowing customers to enjoy choosing the products as gifts suitable for any occasion. This truly underlines the meaning of “Pleasure for the giver, delight for the receiver”. Outstanding packaging designs of 2005 that proved particularly popular with consumers were for the line of “Cookie Kids”, Chinese mooncakes and Disney cartoon characters packaging. 2. Pricing The Company’s policy for determining product pricing takes into account the following considerations : – the cost of the main ingredients and the cost of production – competitors’ product pricing, or prevailing market price ranges – the gross profit margin required from a particular product category 3. Placing The Company utilises 5 primary distribution channels as follows. 3.1 Domestic restaurants and bakery shops - at present, there are 85 outlets nationwide under the S&P group umbrella (including the Patara, Vanilla, Bluecup and Golden Dragon restaurants), as well as a total of 148 bakery shops. 3.2 Overseas restaurants - there are currently a total of 18 branches abroad, under the Patara, Siam Kitchen, THAI and Patio brands. 3.3 Home delivery and outside catering - home delivery services are available through the new 1344 telephone hotline, as well as catering services, anywhere within Bangkok and adjacent areas. 3.4 Supermarkets, convenience stores and retail shops - the Company distributes its line of Delio cookies, frozen foods, mooncakes and other products under the S&P brand through leading supermarkets and convenience stores across the country. This allows it to reach out to various consumer groups effectively and helps promote increased awareness for its products.

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3.5 Export - the Company has expanded the market for its frozen meals and mooncakes to international markets, such as the United States, Australia and Europe, through local distributors in these regions. The Company has also set targets in recognition of the growing importance of foreign markets, by improving and expanding production lines to international standards. 4. Advertising, public relations and marketing promotion In 2005, the Company’s advertising, public relations and marketing promotion plans focused on creating satisfaction for consumers and underscored its industry leadership in terms of products and services. Advertising the Company presented the “Happy Cake” campaign through various media such as Mupi. Ad and TVC, as well as consistent advertising for the delivery service, emphasising the wide selections for customers to choose from. Public relations and customer relations the Company’s policy aimed to build brand loyalty by organising regular activities for children and S&P card members. These included cake decoration classes for Primary 3 level children, taken to over 30 schools throughout Bangkok, which apart from being a fun activity, encouraged youthful creativity. Meanwhile, the “Cooking is Fun” Day Camp allowed young “S&P Jak-ka-Jee Club” members and their parents to enjoy sharing time and activities together. In 2005, the Company participated in various trade exhibitions to promote its image to a wider audience in Bangkok and the provinces, such as the “Coffee and Bakery Fair 2005” in Nakhon Ratchasrima. The Company’s cake entry at this event was recorded by “Ripley’s Believe It Or Not!” as Thailand’s largest coffee cake. In addition, the cake and packaging collection for the New Year festive season were debuted as a fashion show-style event entitled “Happiness Is a Piece of Cake”. The Company also presented cakes to a total of 42 charitable organisations in accordance with customers’ wishes under the “S&P 2005 Wishes ... Cake A Wish, Make A Wish” project. The activity was part of the Company’s desire to give in return to society, while simultaneously enhancing its corporate image. Marketing promotion the Company continued with its highly successful marketing promotion strategy of a 20% discount for bakery products on Wednesdays, as well as the Buy 4, Get 1 Free campaign for the New Year season. To mark the Chinese Mooncake Festival, a key campaign was launched : the “S&P Happy Season” with gold sweepstake prizes valued at 180 Baht in weight, which proved highly popular with customers. Procurement process for the Company and its subsidiaries The Company adheres to a strict policy of selecting ingredients that are hygienic and safe for consumers. The process begins with the procurement of raw materials, which the Central Procurement Department sources and monitors ingredients’ quality, prior to distribution to the various outlets. The exception to this rule is for certain fresh ingredients, which suppliers deliver direct to the outlets, in order to ensure optimal freshness. In addition, the Central Procurement Department is responsible for planning the sourcing of ingredients in advance, with the use of the E-Auction method for certain raw materials. It also works closely with suppliers to develop the quality of ingredients.

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Bakery products At present, the Company has 2 production facilities in Bangkok for cakes, bakery items, breads and mooncakes. The first is located in Sukhumvit Soi 62 and the second on Bangna-Trad Road. There is also a factory in Chiangmai, Thailandâ&#x20AC;&#x2122;s second largest city in the North. All 3 plants have a combined production capacity of approximately 8,440 tons per year, with an actual production utilisation rate of around 73 percent of total capacity. The major raw materials - flour, sugar, milk, butter and eggs - are readily available from local sources, with no risk of shortage. The Company purchases the raw materials from general suppliers. In response to the previous outbreaks of bird flu in Thailand, the Company now has a policy to source fresh chicken eggs only from farms certified by the Department of Livestock. Inspection visits are also carried out to these farms, to ascertain whether hygiene standards are being met. With regard to fresh pork ingredients, the Company buys only from sources that do not use growth enhancing substances and that have been certified by the Department of Livestock, in the highest interests of consumer safety. Frozen food products, processed deli products and other ingredients The Company has a production facility for frozen foods, sausage products and pasta located in the Lardkrabang Industrial Estate. Floor space has been set aside as the Central Kitchen facilities, which prepare pre-cooked items for use in all the restaurants. This factory has a total production capacity of approximately 10,350 tons per year, with an actual production utilisation rate of 42.97 percent. The principal raw materials used are pork, beef, flour and sugar. All these are readily sourced from local suppliers, with no threat of shortages envisioned. An exception is sheep intestines, which is an ingredient used to produce sausages. This is one ingredient that must be imported; however, there are no potential shortages associated with this raw material, either. Industry situation and competition 1. Restaurant and bakery business The changing face of Thai society has resulted in a trend towards dining out more frequently, which has boosted the growth of the restaurant business at a healthy pace. However, fierce competition is an ever-present refrain, since new operators are constantly entering the market. The Company must be able to adapt its strategies, in order to maintain its market share and be prepared for expansion opportunities at all times. It also anticipates new consumer trends, such as the rise in health consciousness and concern for nutritional value, by revising its menus to reflect these changing attitudes. Meanwhile, the bakery business also faces heated competition, both from local and foreign producers. However, the overall value of the market remains attractive. The Company therefore focuses on the importance of hygiene and taste in line with S&Pâ&#x20AC;&#x2122;s recognised standards, together with the development of packaging that is aesthetically pleasing, retains product freshness and offers convenience. This helps create added value for the bakery products, while creating satisfaction for customers. 2. Frozen foods business The trend for the consumption of frozen prepared meals is on the rise, driven by the fast-paced lifestyles of urbanites. Demand has also been fuelled by improved taste, convenience, safety and a wider

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selection of items. Other supporting factors are the increasing number of households with refrigerators and microwaves, which are now widely viewed as essential items for the home. This has made re-heating of frozen meals even easier than before. These variables have all cooperated to push the steady growth of the frozen foods business. In addition to expanding the local market base, the Company has also tapped the potential for exporting frozen meals to foreign markets. In 2005, the Company increased the production capacity of the frozen prepared meals line and conducted studies into foreign consumers’ menu preferences. Significant investments were made in product development, to win the acceptance of consumers abroad for the Company’s frozen meals, mirroring its previous success in the domestic market. Research and development The Company has consistently pursued a pro-active approach to product development, in response to consumer needs and to keep abreast with intense competition within the market. Consequently, research and development efforts are awarded a high priority. The Company has a team of specialists in the fields of food science, nutrition and domestic sciences. These valued human resources enable the Company to develop new products that are not only tasty, but are also nutritious, hygienic and safe. In 2005, the Company introduced many new products to the market, including frozen prepared meals under the “Quick Meal” and “Tasty Meal” brands; ready-to-eat jellies and puddings under the “Jelio” name; new flavours of baked goods; and cakes decorated with popular cartoon characters under license from Disney. There were also soups, salad dressings and ready-made sauces under the “Patio” banner, as well as bakery products, bakery utensils and trendy souvenirs under the “Vanilla” name.

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FUTURE PROJECTS Outlet expansion As the Company’s primary source of income is generated by its restaurants and bakery shop outlets, the expansion of new branches in suitable locations constitutes an important priority. The Company’s plans are to open restaurants and bakeries in sites with a high concentration of target customer traffic, such as leading shopping centres, discount stores, hospitals, office buildings and petrol stations. It aims for its outlet network to comprehensively cover Bangkok and major provinces. For its 2006 plans, the Company expects to open 10 new restaurants and 25 bakery shops. Existing outlets will also be renovated to project a more contemporary image, as appropriate for the target customers in each location. In international markets, the policy is to open additional branches, both in markets where it already has an established presence, as well as new markets with promising potential. Factory expansion Bakery production factory A new facility for the production of sweet and savoury bakery fillings has been established at the Bangna-Trad factory. The modern building has an area of 1,300 square metres and was constructed in accordance with the principles of GMP (Good Manufacturing Practice). It will also be able to meet the future requirements of HACCP (Hazard Analysis Critical Control Point). The facility can produce up to 1,600 tons of sweet and savoury fillings annually for the frozen pie production line. Furthermore, in order to enhance product quality, the Company supports the following quality systems : 1. Expansion of the laboratory’s scope and analysis works (ISO / IEC 17025) 2. Adoption of the BRC (British Retail Consortium) quality system for the food retail business, as part of plans to distribute the Company’s products in the United Kingdom 3. Observance of the ISO 22000 Requirements for a Food Safety Management System Food production factory In 2005, the Company invested in the construction of a new food production building, with a goal to increase the production capability of the frozen foods line primarily for export. The new facility has a usable floor area of approximately 6,000 square metres. Production will commence in March 2006. For 2006, the Company’s policy is to support and develop the export market. The Production Department has therefore implemented ongoing quality management systems and safety projects. The focus is on food safety and quality for customers and consumers, together with safety and quality for the environment. Particular attention will also be paid to hygiene within the factory’s laboratory facility, to meet international standards, including ISO 22000, ISO 14001 and OHSAS 18001.

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RISK FACTORS 1. Risk associated with Government policies In the past year, the Government signed agreements to liberalise trade with several nations. The unprecedented opening of trade frontiers will inevitably impact domestic producers of frozen foods and snack products to a considerable degree. This is because new imports will enter the market at lower prices. Nonetheless, in order to maintain its market share, the Company is seeking to lower its production costs; develop the quality of its products on an ongoing basis; innovate new products and services; and underline the importance of attractive, convenient and functional packaging. This will allow it to address the needs of each customer group more effectively. 2. Risk associated with production costs The cost of various goods increased considerably in 2005, due in part to soaring global oil prices. As a result, the prices of many of the Company’s raw materials increased in suit. In order to protect against production cost risk, the Company sources raw materials from several suppliers, in order to ensure a sufficient supply of ingredients for planned production, as well as to optimise production management efficiency. Consequently, the Company has been able to maintain satisfactory levels of profitability. 3. Risk associated with foreign currency exchange fluctuations The Company’s overseas Thai restaurant businesses and frozen foods exports contribute a share of 19 percent of total revenues. This income is denominated in major foreign currencies. The Company protects against fluctuations in currency exchange by utilising a natural hedge approach, as well as future contracts for the purchase of foreign currencies. 4. Risk associated with rental contract extensions with site owners The Company’s policy is to rent locations for its restaurants and bakery shop outlets, focusing on high-traffic sites. The Company’s solid reputation amongst consumers for over 30 years and the widespread acceptance for its products, translates into a willingness of site owners to rent their premises for the Company’s branches. The owners often favour the Company with attractive rental conditions. Thus, only a limited probability exists that the rental contracts will not be extended, or that the owners of the property will change the conditions of the rental contract significantly.

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SHAREHOLDERSâ&#x20AC;&#x2122; STRUCTURE Corporate securities (a) Ordinary shares As of 9 January 2006, the Company had registered capital totaling 525 million Baht, comprising 105 million ordinary shares with a par value of 5 Baht per share. The issued and paid-up capital was 434,769,000 Baht, comprising 86,953,800 ordinary shares carrying a par value of 5 Baht per share. (b) Obligations to future share issues The Shareholdersâ&#x20AC;&#x2122; Meeting No. 1/2544 held on 20 September 2001 passed a resolution for the issue of 10 million new ordinary shares with a par value of 5 Baht per share, to be offered to the general public, which was duly completed. The Meeting further resolved to issue warrants to existing shareholders whose names appeared in the share registrar as of 10 October 2001, totaling 30 million warrants. Members of the general public who had purchased the said new share issue were also offered 5 million warrant units. Each warrant entitled the holder to 1 ordinary share with a par value of 5 Baht per share, upon exercise of the warrant at a price of 18 Baht per share. The Company therefore has obligations for the issue of ordinary share reserves as follows. Reserve for exercise of warrants offered to existing shareholders 30,000,000 shares Reserve for exercise of warrants offered to the general public Total ordinary shares reserve Shares allocated for exercise of warrants until 9 January 2006 Outstanding ordinary shares reserve

5,000,000 35,000,000 16,953,800 18,046,200

shares shares shares shares

10 major shareholders The 10 major shareholders whose names appeared in the share registrar as of 9 January 2006 are shown as follows. Shareholder Group 1 2 3 4 5 6 7 8 9 10

The Sila-On and Raiva families group Securities Depository (Thailand) Co., Ltd. for depositors Thailand Securities Depository Company Limited for Depositors Mrs. Supapan Pichaironarongsongkram Krungthep Insurance Public Co., Ltd. Mrs. Chulamanee Chakrabandhu Na Ayuthaya Mrs. Petchjan Tiranasawasdi Tripharada Co., Ltd. Mr. Piriya Wachjitphan M.R. Duenden Kittiyakorn

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No. of shares

Percent

38,600,200 31,225,624 9,408,940 2,469,000 606,600 500,000 250,658 216,446 200,000 160,000

44.39 35.91 10.82 2.84 0.07 0.58 0.29 0.25 0.23 0.18

Dividend payment policy The Company has an annual dividend payment policy equivalent to approximately 60 percent of net profit after tax, dependent primarily on the economic situation and corporate operating performance. The dividend payment policy of the Companyâ&#x20AC;&#x2122;s subsidiaries likewise takes into consideration the economic outlook and business operating performance.

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MANAGEMENT STRUCTURE AND CORPORATE GOVERNANCE Directorial Structure There are 3 Directorial committees, comprising namely the Board of Directors, the Autdit Committee and the Executive Board, with further details presented as follows. The Board of Directors As of 23 January 2006, the Company had a total of 11 serving Directors : 1. Mrs. Patara

Sila-On

Chairman of the Board of Directors

2. Lt. Varakorn

Raiva

Vice Chairman of the Board of Directors

3. Mr. Pravesvudhi

Raiva

President

4. Mr. Kachorndej

Raiva

Director

5. Mrs. Pantipa

Raiva

Director

6. Mr. Pote

Videtyontrakich

Director

7. Miss Cattleya

Saengsastra

Director

8. Mr. Prame

Chotivanich

Director

9. Miss Sophavadee

Uttamobol

Director

10. Mr. Dusit

Nontanakorn

Director

11. Mrs. Kessuda

Raiva

Director and Company Secretary

Audit Committee The Board of Directors established the Audit Committee as per the resolution of the Meeting of the Board of Directors No. 2/2547 convened on 17 May 2004. The Audit Committee comprisers the following members : 1. Miss Cattleya

Saengsastra

Chairman of the Audit Committee

2. Mr. Prame

Chotivanich

Audit Director

3. Miss Sophavadee

Uttamobol

Audit Director

Executive Committee The Board of Directors passed a resolution to establish the Executive Committee in accordance with the Meeting of the Board of Directors No. 5/2544 held on 20 September 2001. The Executive Committee has 6 members : 1. Lt. Varakorn

Raiva

Chairman of the Executive Committee

2. Mrs. Patara

Sila-On

Executive Committee Director

3. Mr. Kachorndej

Raiva

Executive Committee Director

4. Mr. Pravesvudhi

Raiva

Executive Committee Director

5. Mrs. Pantipa

Raiva

Executive Committee Director

6. Mrs. Kessuda

Raiva

Executive Committee Director

130

Management Team 1. Lt. Varakorn

Raiva

Chairman of the Executive Board

2. Mr. Pravesvudhi

Raiva

President Vice President for Operations

3. Mrs. Patara

Sila-On

Executive Director

4. Mr. Kachorndej

Raiva

Executive Director

5. Mrs. Pantipa

Raiva

Executive Director

6. Mrs. Kessuda

Raiva

Executive Director Acting Vice President for Accounting and Finance

7. Ms. Yupadee

Damri-anant

Consultant - Catering & Service

8. Mr. Suvit

Panyavie

Vice President for Bakery Operations

9. Mrs. Phailin

Nimityongsakul

Vice President for Food Production Vice President for Research and development

10. Mr. Surat

Senviboon

Vice President for Marketing and Sales

11. Mrs. Kamolnuch

Chaisittikul

Vice President Human Resources

131

132

Mr. Kachorndej Raiva Executive Committee Director

●

Lt. Varakorn Raiva ● Vice Chairman of the Board of Directors ● Chairman of the Executive Committee

Mr. Pravesvudhi Raiva ● President ● Executive Committee Director ● Vice President for Operations

Mrs. Patara Sila-On ● Chairman of the Board of Directors ● Executive Committee Director

Name - surname / position

Age (years)

BBA

MMP MMM

BBA

Accounting Chulalongkorn University Bangkok, Thailand Director Certification Program Thai Institute of Directors Association

Political Science University of Indiana, U.S.A. Chulalongkorn University Training Program – Modern Management Program – Modern Marketing Management

Chulalongkorn University, Bangkok, Thailand

Economics University of Indiana, U.S.A.

Doctor in Letters (Honorary) Pine Manor College, Massachusetts, USA Business Administration Boston University, U.S.A.

Academic qualifications

4.37

5.75

2.91

6.81

Equity stake (percent)

Second brother

Third brother

First brother

Eldest sister

Family relations between Executives

2006 - present Executive Committee Director 2003 - 2005 President

2003 - 2005 Assistant Vice President

2006 - present President

Past 5 years / Vice Chairman of the Board of Directors

Past 5 years / Chairman of the Board of Directors

Period / position

S&P Syndicate Public Co., Ltd. / Food related business

Company

Previous 5-year experience (only with relevance to the Company’s business)

(Details of all Directors and Executives are shown in the Appendix)

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133

●

Mr. Prame Chotivanich Audit Committee Director

Ms. Cattleya Saengsastra Chairman of the Executive Committee

●

Mrs. Kessuda Raiva Director and Company Secretary ● Acting Vice President for Accounting and Finance

●

Mrs. Pantipa Raiva Executive Committee Director

Name - surname / position

Age (years)

Diploma

MBA

Training Program

BBA

MBA

Electrical Engineering (Hons.) Chulalongkorn University, Bangkok, Thailand Insead Executive Progamma (European Institute) – The Job of Executive (IMEDE- LAUSANNG), Switzerland

Accounting (Hons.) Chulalongkorn University Bangkok, Thailand Thammasat University Management Development Program - JJ Kellogg North Western University

Economics, North Eastern University, Boston, U.S.A. Business Administration, Finance and Banking Assumption University (ABAC) Bangkok, Thailand

Chulalongkorn University, Bangkok, Thailand Secretarial Cambridgeshire College of Arts Diploma and Technology, UK

BBA

Academic qualifications

–

0.01

6.21

3.30

Equity stake (percent) Period / position

- None -

S&P Syndicate Public Co., Ltd. / Food related business

1999 - present / S&P Syndicate Public Co., Ltd. / Audit Committee Director Food related business

1998 - present / Chairman of the Audit Committee 1990 - 1992 Vice President For Accounting and Finance

Spouse of Past 5 years / Mr. Pravesvudhi Raiva Director and Company Secretary

S&P Syndicate Public Co., Ltd. / Food related business

Company

Previous 5-year experience (only with relevance to the Company’s business)

Spouse of Past 5 years / Mr. Kachorndej Raiva Executive Committee Director

Family relations between Executives

134

Mr. Pote Videtyontrakich ● Director

Mr. Dusit Nonthanakorn ● Director

●

Ms. Sophavadee Uttamobol Audit Committee Director

Name - surname / position

Age (years)

BBA

MBA

BBA

MBA

Business Administration, Harvard University, U.S.A. Economics, Yale University, U.S.A. Director Certification Program Thai Institute of Directors Association Chairman (RCM) Training Program Thai Institute of Directors Association

Engineering Sciences, Construction Engineering, Ohio State University Business Administration University of California, Los Angeles Director Certification Program Thai Institute of Directors Association

Business Administration Chulalongkorn University, Bangkok, Thailand Bachelor of Law Thammasat University, Bangkok, Thailand Director Accreditation Program Certificate Thai Institute of Directors Association

Academic qualifications

–

Equity stake (percent)

- None -

Family relations between Executives Company

2006 - present Director 2002 - 2006 Managing Director 1997 - 2001 Managing Director 1997 Acting Deputy Commerce Minister

1969 - 2005 President

2005 - present Independent Director

Credit Suisse First Boston (Singapore and Bangkok) The Ministry of Commerce, The Royal Thai Government

S&P Syndicate Public Co., Ltd. / Food related business Private Equity (Thailand) Co., Ltd.

Siam Cement Trading Co., Ltd. / construction business

S&P Syndicate Public Co., Ltd. / Food related business

2001 - present / S&P Syndicate Public Co., Ltd. / Audit Committee Director Food related business

Period / position

Previous 5-year experience (only with relevance to the Company’s business)

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135

Mrs. Phailin Nimityongsakul Vice President for Food Operations ● Vice President for Research and Development

●

Mr. Suvit Panyavie Vice President for Bakery Operations

●

Ms. Yupadee Damri-anant Consultant Catering & Service

Name - surname / position

Age (years)

BSC MSC

Diploma ING

Diploma

Nutrition London University, England Food Science & Technology, Reading University, England

Hamburg Technical University, Germany

Bangkok Institute of Accounting, Bangkok, Thailand

Academic qualifications

0.037

–

0.001

Equity stake (percent)

- None -

Family relations between Executives

S&P Syndicate Public Co., Ltd. / Food related business

Company

2005 - present Vice President for Research and Development 2003 - Present/ Vice President for Food Operations 2001 - 2003 / Vice President, Innovations and Legal Department

Unilever Best Foods Co., Ltd. / Food related business

S&P Syndicate Public Co., Ltd. / Food related business

2002 - present / S&P Syndicate Public Co., Ltd. / Vice President for Bakery Food related business Operations 1998 - 2002 / Dynasty Ceramic Public Co., Ltd. / Vice President Construction materials business 2001 - 2002 / Dynasty Ceramic Public Co., Ltd. / Acting President Construction materials business

2006 - present Consultant Catering & Service 1999 - 2005 Assistant Vice President, Office of the President

Period / position

Previous 5-year experience (only with relevance to the Company’s business)

●

Mrs. Kamolnuch Chaisittikul Vice President Human Resources

●

Mr. Surat Senviboon Vice President for Marketing and Sales

Name - surname / position

Age (years)

MBA

MIM (Hons.) BBA

Central State University Edmond, Oklahomo, U.S.A. Political Science, Public Administration (Hons) Chulalongkorn University Bangkok, Thailand

Thammasat University, Bangkok, Thailand Commerce, Faculty of Marketing, Thammasat University, Bangkok, Thailand

Academic qualifications

–

Equity stake (percent)

- None -

Family relations between Executives

2005 - present Vice President Human Resource 2001 - 2005 Human Resources Manager

2005 - present Vice President for Marketing and Sales 2001 - 2004 General Manager 2000 - 2001 Vice President, Cater Plan Department

Period / position

Shell Group Companies in Thailand and Malaysia

S&P Syndicate Public Co., Ltd. / Food related business

Corn Products Co., Ltd. / Food related business Unilever Best Foods Co., Ltd. / Food related business

S&P Syndicate Public Co., Ltd. / Food related business

Company

Previous 5-year experience (only with relevance to the Company’s business)

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136

Organization Structure

Board of Directors

Executive Board

President (Mr. Pravesvudhi Raiva)

Management Team

▼

Human Resources Management and Development (Mrs. Kamolnuch Chaisittikul)

Accounting and Finance (Mrs. Kessuda Raiva)

Marketing and Sales (Mr. Surat Senvibon)

Research and Development (Mrs. Phailin Nimityongsakul)

Operations (Mr. Pravesvudhi Raiva)

▼

Food Operations (Mrs. Phailin Nimityongsakul)

Bakery Operations (Mr. Suvit Panyavie)

Board of Directorsoffices (Mrs. Kessiri Kukeatnun)

Information Technology Center (M.L. Luesak Chakrabandhu)

Purchasing and Service (Mrs. Ladawan Pipatsuriya)

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The Board of Directors’ scope of authority The Board of Directors is invested with the authority to manage the Company in accordance with Laws, the corporate objectives and regulations, as well as the resolutions of Shareholder Meetings. The Board is responsible for policy formulation and determination of business direction, financial management, risk management and to oversee that management carries out policy directives with efficiency and effectiveness. The Board further has the authority to appoint management committee(s) for the purpose of performing one or more objectives. The Executive Board’s scope of authority and duties 1. The Executive Board is designated with the authority to operate in accordance with the Board of Directors’ policies, which in turn defer to Laws, the conditions, rules and regulations of the Company, with the exception of issues which the Law specifies as requiring the authorisation of Shareholder Meetings. 2. The Executive Board has the right to formulate, propose and determine business directive policies and strategies to the Board of Directors. 3. The Board may prepare business plans; specify management powers; authorise budgets for the annual business activities, including annual expenditure budgets; and generally conduct activities in line with the business plans and strategies to complement the policies and directives presented to the Board of Directors. 4. Approval of transactions which may result in obligations to the Company require the authorisation of the Executive Board, together with the signatures of authorised Director signatories as stated in the Company Articles. 5. Conduct business relating to the general management of the Company, with the exception of related transactions and the acquisition/divestiture of significant public listed company assets, which are to be conducted in accordance with the regulations of the Stock Exchange of Thailand. 6. The Executive Board may be assigned other duties on an individual basis by the Board of Directors. The provision of the aforementioned authorities to the Executive Board precludes any Executive Board members, including other parties who may have a potential benefit or conflict of interest in the Company and its subsidiaries, from exercising their voting rights in such issues. Moreover, the Executive Board Meetings do not allow the President to conduct related transactions, but limit’s the scope of authority to normal business activities. The Audit Committee’s scope of authority and duties 1. The Audit Committee has the duty to review that the Company’s financial reportage is accurate and discloses sufficient information, by coordinating the viewpoints of the corporate auditors, the Board of Directors and the Internal Audit Office into a unified direction. 2. The selection and proposal of appointment of the Company’s auditors, including the annual audit fees for authorisation by the Shareholders’ Meeting. 3. Determine the level of significant risk and measures for reducing such risk, from management, the Internal Audit Office and auditors.

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4. Conduct a joint review in association with the auditors and Internal Audit Office as to the sufficiency of internal controls systems. 5. Oversee that the Company’s operations comply with predetermined policies, or Laws relating to securities and the Stock Exchange, announcements of the Stock Exchange or regulations of other governing bodies. 6. Review the financial statements and notes to the financial statements together with the management team, the auditors and the Internal Audit Office prior to submission to the relevant governing body. 7. The preparation of a report acknowledging the responsibility and operations of the Audit Committee, presented to the Board of Directors and included in the Company’s Annual Report. 8. Additional duties to those mentioned may be assigned in accordance with the corporate regulations, Law, or instructions of the Board of Directors. Nomination of Directors and Executives The nomination of candidates for the positions of Directors in the Company is not processed by a Nomination Committee, since the Company has not yet established such a committee. Nonetheless, the Board of Directors selects candidates with the requisite qualifications, knowledge, skills and relevant experience, for the benefit of the Company. The selection process takes into account the candidates’ qualifications with respect to Measure 68 of the Public Companies Act of 1992 and announcements of the Securities Exchange Commission and the Stock Exchange of Thailand relating to the nomination of Company Directors. The appointment of candidates is conducted at the Shareholders’ Meetings as follows. – each shareholder has one vote per share held – each shareholder must exercise all his votes to nominate either one or several Directorial candidates, but may not divide his votes with other shareholders in any way – candidates receiving the highest number of votes in successively descending order are appointed Directors according to the number of Directors required or to be voted for. In the event that any two candidates have a tie for votes received, but the nomination of both would exceed the number of Directors to be appointed, the Chairman of the Meeting will cast the decisive vote. Executives’ remuneration Monetary remuneration

Item Directors Executives

No. of

2004

No. of

2005

Directors

(Million Baht)

Directors

(Million Baht)

11 15

13.25 19.53

11 17

15.10 22.46

139

Remuneration details Allowance and Meeting perdiem Salary, bonus and transportation allowance

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Other remuneration provided - none The details of remuneration for each individual Director may be further categorised by meeting perdiem, in the form of monetary and other compensation as follows. (Baht) 1. Mrs. Patara Sila-On 190,000.2. Lt. Varakorn Raiva 200,000.3. Mr. Kachorndej Raiva 200,000.4. Mr. Pravesvudhi Raiva 200,000.5. Mr. Pote Videtyontrakich â&#x20AC;&#x201C; (Approved the appointments of the following directors from 18 January 2006.) 6. Mrs. Cattleya Saengsastra 230,000.7. Mr. Prame Chotivanich 220,000.8. Miss. Sophavadee Uttamobol 220,000.9. Mr. Dusit Nontanakorn 10,000.(Approved the appointments of the following directors from 19 April 2005.) 10. Mrs. Pantipa Raiva 200,000.11. Mrs. Kessuda Raiva 200,000.12. Mrs. Supapan Pichaironarongsongkram 160,000.(Resignations of the following directors from 19 April 2005.) 13. Mrs. Pornpilai Raiva 180,000.(Resignations of the following directors from 10 January 2006.) TOTAL 2,210,000.Corporate governance The Board of Directors is mindful of its role, duties and responsibilities to the Company and shareholders. It complies with the guidelines of good governance for Directors of listed companies as outlined by the Stock Exchange of Thailand, whether in terms of information disclosures to investors or the request for authorization from the Board of Directorsâ&#x20AC;&#x2122; Meetings for various Company transactions. However, the Board of Directors has not fulfilled the requirements for a Nominating Committee and a Remuneration Committee. Nonetheless, an Audit Committee has been established to oversee the internal controls system and ensure compliance with the 15 guidelines for good corporate governance detailed as follows. 1. Corporate governance policies The Board of Directors has formulated policies for good corporate governance, as it views this as a matter of importance, essential to encouraging sustained expansion. The Board of Directors is committed and dedicated to this code of governance, illustrated by its determination of policies and corporate direction that take into account control systems and internal audit activities. It oversees that management operates efficiently in line with these policy guidelines, for the long-term benefit of shareholders, within the wider framework of Law and business ethics.

140

2. Shareholder rights In 2005, the Company called 1 Shareholders’ Meeting, being the 2005 Annual Ordinary Meeting of Shareholders, held at the Conference Room of its Bang Na Factory. The Company issued a summons to all Shareholders to attend the Meeting, together with information according to an agenda, supplied 7 days prior to the Meeting date. Each agenda was accompanied by the opinions of the Board of Directors, and comprehensive Minutes of the Meeting duly recorded for Shareholders’ subsequent reference. 3. Rights of persons with interests The Company recognizes the importance of all groups with legitimate interests as follows. – employees : are treated with equity and fairness and provided with appropriate remuneration – trading partners : the Company purchases products and services from its trading partners in accordance with normal trading conditions and complies with contractual obligations made with its partners – creditors : the Company complies with the conditions of borrowings made in its loan agreements – customers : the Company pays heed to its customers and is accountable to them. It produces products that are of high quality and standard and maintains the confidentiality of customers. It has a special unit and officers for the purpose of handling customer petitions for immediate further action – competitors : the Company conducts itself according to the rules of fair competition and refrains from methods that may be destructive to its competitors – communities : the Company exercises responsibility towards the environment of its communities and society as a whole The Company further complies with the relevant Laws and regulations, to ensure that the rights of persons with interests in the Company are protected. 4. Shareholders’ Meetings At the 2005 Shareholders’ Meeting, a total of 10 Directors were in attendance, including 3 Audit Committee Directors. The Chairman of the Meeting allowed all shareholders equal opportunity to review the Company’s operations, make inquiries, express opinions and propose suggestions. Significant questions and recommendations were duly recorded in the Minutes of the Meeting. 5. Leadership and vision – The Board of Directors participates in the formulation (or provides its approval) of the vision, mission, strategies, business plan goals and budget of the Company. It also oversees that management operates efficiently and effectively in accordance with the predetermined business plan and budget, with a view to creating the highest economic value for the business, and the greatest degree of stability for shareholders. – The Board of Directors ensures that the Company has a system of internal controls, internal audit activities and risk management measures. The Board of Directors monitors the progress of such activities on a regular basis through Audit Committee Meetings and Board of Directors’ Meetings

141

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– The Board of Directors determines and provides a clear distinction between the roles, duties and responsibilities of the Board of Directors and the Executive Board, as per the details contained under the heading “Management Structure” – The Board of Directors guides the Executive Board in realizing predetermined policies. In the event of transactions that represent a conflict of interest and issues that require the approval of shareholders, the Company defers to the relevant Announcements of the Securities Exchange Commission and the Stock Exchange 6. Conflict of interest In order to safeguard against conflicts of interest, the Board of Directors pays particular attention to transactions which may pose such conflict. The Company Memorandum states that the Board of Directors must strictly abide by the Announcements of the Securities Exchange Commission and the Stock Exchange. It further states that any changes in equity holdings must be reported at each Board of Directors’ Meetings, as per the details contained under the heading “Insider information issues” 7. Business ethics The Company encourages the Board of Directors, the Executive Board and employees to conduct the corporate business with honesty, integrity and equity, whether to the Company itself, all groups with interests in the Company, the general public, society and customers. The Company maintains constant communication exchanges with its employees, monitors compliance with this code of ethics, and specifies penalties for misconduct. 8. Balance of non-Executive Directors The Board of Directors currently comprises 11 members as follows – Directors who also serving as Executives

6 persons

– Other Directors

1 persons

– Independent Directors

4 persons, calculated as a proportion of more than 1 in 3 of the entire Board.

Definition of “Independent Director” Independent Director : An individual with the requisite qualifications and with independence as determined by the Stock Exchange of Thailand as follows. – holds no more than 5 percent of paid-up capital in the Company, subsidiaries, associated or related companies – serves as a Director who does not participate in management roles, is not an employee, staff or consultant in receipt of a regular monthly salary from the Company, subsidiaries, associated or related companies and has not been a major shareholder for a period of not less than 1 year – a Director who does not have an interest, whether direct or indirect, financial or management, in the Company, subsidiaries, associated or related companies

142

– a Director who is not related, or is not a close relative, of any Executive or major shareholder – a Director must not be appointed as a representative in order to protect the interests of other Directors, major shareholders or other shareholders associated with major shareholders Furthermore, there must be freedom to express opinions or to report matters in accordance with tasks assigned, without the need to consider benefits derived from assets or positions. The Director must be free from the influence of any other individuals or situations which prevent the freedom of expression. 9. Merge or separation of positions – The Chairman of the Board of Directors is the representative of the major shareholder group, which holds a 44.39 percent equity stake of total capital – The Chairman of the Board of Directors is a different individual from the President, but both are representatives of the same individual shareholder group. However, the composition of the Board of Directors comprises more than 1 in 3 Independent Directors, which facilitates a suitable balance and check of management 10. Remuneration of Directors and Executives Directors’ remuneration is determined by the guidelines and policies of the Board of Directors and is linked to the Company’s operating performance. Directors’ allowances are approved at each Shareholders’ Meeting. 11. Board of Directors’ Meetings The Board of Directors is ordinarily scheduled to meet at least every quarter of the year, with additional extraordinary meetings convened as required. The agenda is clearly determined in advance, and includes a regular agenda to monitor operating performance. The Company Secretariat prepares a summons to the Meeting, supplied together with the agenda and relevant documentation, to allow Directors sufficient time to study the information prior to the Meeting. Each Meeting normally lasts approximately 2 hours. In 2005, the Board of Directors convened a total of 4 meetings, with Minutes of the Meetings recorded in writing. Previous Minutes are certified by the Board of Directors and compiled for the future reference of the Board and related persons. The record of Directors’ attendance at the Board of Directors’ Meetings is summarized as follows. Attendance (times) Mrs. Patara Sila-On 3/4 Lt. Varakorn Raiva 4/4 Mr. Kachorndej Raiva 4/4 Mr. Pravesvudhi Raiva 4/4 Mr. Pote Videtyontrakich – (commenced office as a Director on 18 January 2006.) 6. Ms. Cattleya Saengsastra 4/4 7. Mr. Prame Chotivanich 3/4 8. Ms. Sophavadee Uttamobol 3/4

1. 2. 3. 4. 5.

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9. Mr. Dusit Nonthanakorn (commenced office as a Director on 19 April 2006.) 10. Mrs. Pantipa Raiva 11. Mrs. Kessuda Raiva 12. Mrs. Supapan Pichaironarongsongkram (vacated office as a Director on 19 April 2005.) 13. Pornpilai Raiva (vacated office as a Director on 10 January 2006.)

1/3 4/4 4/4 1/1 2/4

12. Sub-committees The Board of Directors established various sub-committees to assist in the task of corporate governance, as follows. The Audit Committee was established on 17 May 2004, with Directors serving a term of 2 years. There are currently 3 Directors and 1 Secretary, wherein all the Directors are Independent, as per the details below. 1. 2. 3. 4.

Ms. Catleeya Mr. Prame Ms. Sophavadee Mrs. Kessiri

Saengsastra Chotivanich Uttamobol Kukeatnun

Chairman Director Director Secretary

The Audit Committee met regularly throughout 2005 a total of 4 times, and presented their findings to the Board of Directors. The record of Audit Directors’ attendance at the Audit Committee’s Meetings is summarized as follows. 1. Ms. Cattleya 2. Mr. Prame 3. Ms. Sophavadee

Attendance (times) 4/4 3/4 4/4

Saengsastra Chotivanich Uttamobol

13. Internal controls system and internal audit The Company recognizes the importance of an efficient internal controls system, both at the management and the operational levels. Consequently, the duties and authorities of operational staff and management alike are clearly defined in writing. The use of Company assets for optimal benefit is monitored, and the duties of operating, supervising and evaluating personnel are separated. This encourages a suitable balance of checks between them. Internal controls also exist for financial matters, wherein the Company has implemented a system of financial reporting for each relevant management line. The Company’s Internal Audit Department has a responsibility to ensure that the principal operations and significant financial activities comply with the predetermined corporation direction efficiently. The Department also has the task to oversee compliance control with Laws and relevant regulations. In order to allow the Department freedom of inspection and balance checks, the Board of Directors has determined that the Internal Audit Department report directly to the Audit Committee. The Audit Committee is further responsible for the evaluation of its activities.

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14. Report of the Board of Directors The Board of Directors is responsible for the consolidated financial statements of the Company and its subsidiaries, including financial information presented in the Annual Report. These financial statements are prepared in accordance with generally accepted accounting standards applicable in Thailand. Appropriate accounting policies have been adopted and adhered to on a consistent basis, while cautious judgement and the most precise estimates have been employed in the preparation of the statements. Adequate information disclosures are also provided in the Notes to the Financial Statements. The Board of Directors preserves the maintenance of an efficient internal controls system, in order to ensure with a reasonable degree of confidence that the recording of accounting transactions is accurate, complete and sufficient to protect its properties. In addition, this serves to identify any weaknesses, thereby preventing unethical or abnormal activities of a significant nature. Consequently, the Board of Directors has appointed the Audit Committee - comprising Directors who are not Executives of the Company - to oversee and be responsible for the quality of the financial reports and internal controls system. The opinions of the Audit Committee in this respect are contained in the Report of the Audit Committee, duly presented in the Annual Report. The Board of Directors is of the opinion that the Company’s overall internal controls system is satisfactory and may engender a reasonable degree of confidence and credibility in the financial statements of the Company and its subsidiaries for the year ended 31 December 2005. 15. Investor relations The Board of Directors is fully aware that the Company’s information - both of a financial and a non-financial nature - have an impact on the decision making process of investors and parties with an interest in the Company. It therefore emphasises with management the need for information disclosures that are complete, accurate, credible, consistent and timely. The Company’s management has always recognised this requirement and the importance of investor relations. Although it has not established a dedicated corporate unit for this purpose, it has assigned the Vice President for Accounting and Finance the task of contact and communication with institutional investors, shareholders, analysts and relevant public sector agencies, since the volume of such activities is not considerable. Investors may contact telephone number 0-2381-3412-29 for further details, or the Company’s website at www.sandp.co.th, or e-mail to kessuda@snpfood.com Insider information issues The Company has a policy that forbids Directors and Executives from using undisclosed information relating to financial status or performance, for personal gain. This includes the trading of securities, wherein only relevant personnel are informed of such activities until such information is disclosed to the general public. At present, the Company does not have any clearly specified methods for monitoring Executives and the use of insider information for personal benefit. However, all management are informed of the requirement to report equity holdings in the Company relating to themselves, spouses and children who have not reached legal maturity. The obligation extends to reporting changes in equity holdings to the Securities Exchange Commission and the Stock Exchange of Thailand, in accordance with Measure 59 and the penalty code as per Measure 275 of the Securities and Stock Exchange Act of 1992.

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Internal controls The Company recognizes the importance of an effective internal controls system and internal audit activities. It has therefore established a system of evaluation and review in order to ensure that its operations comply with Law, the corporate purpose, articles of association and resolutions of Shareholders’ Meetings, in accordance with the guidelines of good corporate governance. The Meeting of the Board of Directors No. 1/2549 convened on 28 February 2006 was attended by all independent Directors and Audit Committee Directors, to review the Company’s internal controls. Information was obtained from interviews with management and from the inspection of documentation obtained by the Executive team in relation to various corporate aspects, with findings summarized as follows. 1. The Audit Committee : has a responsibility to consider the sufficiency of the Company’s internal controls system through the ongoing review of the Internal Audit Department’s operations. The Internal Audit line is obliged to actively participate and exchange recommendations, together with the preparation of a regular internal audit report on at least a quarterly basis. If the Audit Committee should present any recommendations or identify any failings of a significant nature, the Committee will inform the Board of Directors for further action accordingly. 2. Risk management : the Company views risk management and reduction as a high priority issue. A system of checks is therefore essential to providing early warning of variables that may affect business operations, efficiently and effectively. It is the task of management to oversee and control overall risk that could potentially arise in the course of the Company’s business and operations. 3. Management operation controls : the Company has clearly defined the duties and authorities of management and operational staff in writing. There is also a clear distinction between the duties of operational staff and that of supervisors and evaluators, to encourage an optimal balance and suitability. This also serves to protect against unethical conduct and preserve the properties of the Company and its subsidiaries. Strict measures are in place to control operations and activities of management - or related parties - for the greater benefit of the Company. 4. Information technology systems : the Company is committed to ongoing development of information technology systems and data systems through investment in swifter, updated computer systems that are sufficient and timely for management and the Board of Directors’ decision making. Particular consideration is given to the compilation of accounting data and documentation, to ensure compliance with policies and accounting standards. This concern extends to information disclosures of significant Company information that are accurate and transparent, in line with the principles of good corporate governance for public listed firms. 5. Monitoring systems : the Company monitors and evaluates corporate operating performance by comparison with predetermined targets and past performance, regularly on a quarterly basis; the results are presented together with the auditors’ report. In the event that operating results vary significantly with the targets, measures and corrective action are implemented immediately The Company’s auditor is Mr. Permsak Jerajakwattana, who audited the 2005 year financial statements. He made no further recommendations or opinions in the auditor’s report that the Company should implement any amendments or improvements whatsoever.

146

Personnel The Company has not been engaged in any major labour disputes during the past 3 years. Details of the number of employees (excluding Directors and Executives as shown under the heading “Management Structure”) and employee remuneration, comprising salary, bonus, overtime and other benefits categorized by the major corporate units are presented as follows. 2004 Corporate unit

No. of personnel

2005

Remuneration (Million Baht)

No. of personnel

Remuneration (Million Baht)

Domestic Head Office Branch Operations Factory Overseas Branches

279 2,496 924 77

61.90 283.54 134.33 13.55

348 2,629 1,087 71

79.49 310.29 137.04 11.75

TOTAL

3,776

493.32

4,135

538.57

Personnel development policies The Company’s personnel development policies are outlined as follows. 1. Focus on the development of employees’ knowledge and competency on an ongoing basis 2. Improve the performance evaluation process by emphasising job objectives 3. Monitor the remuneration structure to ensure competitiveness within the same industry 4. Emphasise the need for good management through mutual problem solving, to encourage teamwork 5. Specify career advancement paths for various positions, using clear and fair evaluation tests as a means of stimulating employee development 6. Promote a positive attitude to the Company and foster good working morale

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ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

CONNECTED TRANSACTIONS (1) Revenues Related parties Seriwat Foods Co., Ltd. S&P Global Co., Ltd. S&P Asset Co., Ltd. (Formerly S&P Minor Foods Co., Ltd.) HD Distributors (Thailand) Co., Ltd. (2) Purchase of goods and services Related parties Seriwat Foods Co., Ltd. HD Distributors (Thailand) Co., Ltd. S&P Asset Co., Ltd. (Formerly S&P Minor Foods Co., Ltd.) S.R. Estate Co., Ltd. The Company’s Directors

Nature of transaction Rentor of premises and equipment Revenue from services Rentor of premises and equipment Revenue from services Revenue from services

2004 4.19 0.36 0.18 0.04 –

2005 – – 0.18 – 0.23

Rentor of premises and equipment Revenue from services

1.10 1.21

0.79 0.80

Nature of transactions Purchase of goods and services Purchase of goods and services Rentor of premises and services

2004 58.29 11.65 –

2005 3.63 14.135 4.70

Rental of premises Rental of offices and storage

0.43 2.52

0.43 2.40

Nature of transaction Purchase of goods, rental of premises and production equipment Purchase of goods, rental of premises Rental of premises Purchase of goods

2004

2005

– 0.23 1.20 3.70

– 0.14 1.20 3.70

Outstanding transactions (1) Accounts receivable Related parties Seriwat Foods Co., Ltd. HD Distributors (Thailand) Co., Ltd. RBY Co., Ltd.* MGI Co., Ltd.*

Note *The Company has allocated allowance for doubtful debt in the full amount (2) Borrowings Provided by the Company Related parties

Nature of transaction

Union Sky S&P Ltd.*

Short term borrowing

Brought Additional Repayment Carried forward borrowing over 5.66 – – 5.66

Note *The Company has allocated allowance for doubtful debt in the full amount

148

Provided by S&P Global Co., Ltd. Related parties

Intermezzo Restaurant Pte. Ltd. PT Trinugraha Food Industry Co., Ltd.* Siam Kitchen SDN. BHD (Malaysia) Patara Development S.A.

Nature of transaction

Brought Additional Repayment Carried forward

borrowing

over

Short term borrowing

0.13

–

0.13

–

Short term borrowing

12.66

–

12.66*

Short term borrowing Short term borrowing

2.78 5.17

– –

0.99 2.05

1.79 3.12

Note * The Company has allocated allowance for doubtful debt in full / borrowings, repayment made from exchange rate gains (3) Accounts payable Related parties S&P Asset Co., Ltd. (Formerly S&P Minor Foods Co., Ltd.) Seriwat Foods Co., Ltd. HD Distributors (Thailand) Co., Ltd.

Nature of transaction Rentor of premises and services

2004 –

2005 0.18

Purchase of goods Purchase of goods

1.79 2.44

– 3.92

149

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

ANALYSIS OF OPERATING PERFORMANCE AND FINANCIAL STATUS Operating performance The Company and its subsidiaries recorded a net profit of 204 million Baht for 2005, an increase of 11.1 percent from the previous year, due to the following key factors. Revenues Sales and service income rose from 2,995 million Baht in 2004, to 3,361 million Baht in 2005, equivalent to growth of 12.2 percent. Revenues from the domestic restaurants and sales of bakery products increased 10 percent, while the overseas restaurant business grew by 26 percent. The growth in revenues was driven by the opening of new outlets, both locally and abroad. Cost of goods sold and gross profit margin Although the cost of goods sold in 2005 amounted to 1,933 million Baht - which was 11.2 percent higher than the last year - the rate of this increase was lower than the rate of revenue growth. As a result, the Company was able to realise a gross profit margin of 42.5 percent of revenues. This compares to 2004, in which the gross profit margin was only 42.0 percent of revenues. Selling and administrative expenses Selling and administrative expenses for 2005 totaled 1,186 million Baht, an increase of 13.4 percent over last year. This was due primarily to the opening of new restaurants and bakery shop outlets, both in the domestic and international markets. Net profit The aforementioned rise in revenues, cost of goods sold, as well as selling and administrative expenses, allowed the Company to achieve earnings before interest and taxes (EBITA) for 2005 of 296 million Baht. This may be calculated as a proportion of 8.8 percent of total revenues, which was 13.8 percent higher than 2004. This provided the Company with a net profit of 204 million Baht, equivalent to 6.1 percent of total revenues, which was similar to the ratio in the previous year. The Company reported earnings per share (EPS) for 2005 of 2.68 Baht, while the EPS value for 2004 was 2.53 Baht per share. Financial status Assets As of December 31, 2005 the Company had total assets of 2,085 million Baht, comprising current assets of 756 million Baht; property, plant and equipment, including leaseholds, of 1,189 million Baht; long-term investments and other assets of 140 million Baht. Assets value in 2005 increased from last year by 19 percent, as a consequence of an increase in fixed assets, which in turn reflected the opening of new outlets locally and overseas. The increase for domestic outlets was 20 percent, while the increase for overseas outlets was 14 percent.

150

Liabilities and Shareholders’ equity Total liabilities As of December 31, 2005 the Company recognised total liabilities of 512 million Baht, which increased by a value of 67 million Baht from last year. This was due mainly to trade accounts payables and an increase in accrued expenses. Meanwhile, the debt to equity ratio was calculated at 0.3 times. Shareholders’ equity The value of Shareholders’ equity reached 1,573 million Baht, calculated as a book value of 18.0 Baht per share. This compares to a value of Shareholders’ equity in 2004 of 1,304 million Baht, which provided a book value of 17.43 Baht per share. In 2005, Shareholders exercised their warrant rights in exchange for a total of 12.1 million ordinary shares of the Company. Consequently, the number of issued and paid-up ordinary shares as of December 31, 2005 totaled 86.9 million shares. Cash flows In 2005, the Company recorded cash flows from operating activities and financing activities totaling 414 million Baht and 81 million Baht respectively. Cash flows used in investment activities amounted to 344 million Baht. The Balance Sheet as of December 31, 2005 showed cash flows and cash equivalents of 442 million Baht, which was 145 million Baht higher than 2004. Net cash remaining was 297 million Baht, with significant details provided as follows. – net cash flows from operating activities were 414 million Baht, generated by profits from operating activities of 400 million Baht; difference on accrued liabilities, which increased by 49 million Baht; and a decrease in net cash flows caused by the increase in operating assets by 34 million Baht. This comprised an increase in trade accounts receivables of 6 million Baht; an increase in inventory by 4 million Baht; and a rise in other assets by 24 million Baht. – cash flows from financing activities were generated by Shareholders exercising their warrant rights in exchange for ordinary shares, valued at a total of 218 million Baht; cash from shortterm borrowings of 14 million Baht; and cash used for the annual and interim dividend payments, totaling 151 million Baht. As a result, the Company had net cash flows from financing activities of 81 million Baht. – cash used in investment activities totaled 344 million Baht. This was categorised as procurement of materials, machinery and equipment for the existing factory to the value of 78 million Baht; the construction of a new building at the food production plant totaling 37 million Baht; investments for the opening of new restaurants and bakery shops, including the renovation of existing outlets totaling 170 million Baht; purchases of equipment and office supplies recorded at 14 million Baht; and investments in securities and bonds, totaling 29 million Baht.

151

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

REPORT OF THE AUDIT COMMITTEE The Audit Committee comprises 3 members, with Ms. Cattleya Saengsastra serving as Chairman of the Audit Committee; Mr. Prame Chotivanich and Ms. Sophavadee Uttamobol as Audit Directors respectively. Neither of these individuals are Executives or employees of the Company. The Audit Committee’s scope of operations, duties and responsibilities are defined by the Audit Committee code as authorised by the Meeting of the Board of Directors : this fulfils the requirements of the Stock Exchange of Thailand’s regulations. The Audit Committee reports to the Board of Directors. During 2005, the Audit Committee convened a total of 4 meetings, for the purpose of overseeing the Company’s business in line with its scope of responsibilities designated by the Board of Directors. This scope includes the review of the financial reports - both quarterly and annual; the overall internal controls system, in conjunction with the Internal Audit Department and relevant management, to determine the system’s suitability and make any required improvements for enhanced efficiency. Additional duties are the review of risk management systems and potential factors which may have a significant effect on corporate operations; ensuring compliance with relevant Laws; compliance with the good corporate governance guidelines; consultation and exchange of opinions concerning audit findings and evaluation of quality in various areas, including the sufficiency of internal controls. Furthermore, as part of its duties, the Audit Committee proposed candidates for the corporate audit and auditing fees for the 2006 year to the Board of Directors, for further submission to the Shareholders’ Meeting and subsequent consideration of appointment. The Audit Committee conducted its duties with independence from the Board of Directors and management, and has duly reported the outcome of its meetings and operations for the information of the Board of Directors already.

Signed,

152

Ms. Cattleya Saengsastra Chairman of the Audit Committee 28 February 2006

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

REPORT OF THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

TO THE SHAREHOLDERS AND THE BOARD OF DIRECTORS S&P SYNDICATE PUBLIC COMPANY LIMITED We have audited the consolidated balance sheets of S&P Syndicate Public Company Limited and its subsidiaries and the balance sheets of S&P Syndicate Public Company Limited as at December 31, 2005 and 2004, and the related consolidated and the Company’s statements of income, changes in shareholders’ equity and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management as to their correctness and completeness of the presentation. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance as to 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. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the aforementioned consolidated and the Company’s financial statements present fairly, in all material respects, the financial position of S&P Syndicate Public Company Limited and its subsidiaries and of S&P Syndicate Public Company Limited as at December 31, 2005 and 2004, and the results of its operations and its cash flows for the years then ended, in conformity with generally accepted accounting principles.

BANGKOK February 17, 2006

Permsak Jerajakwattana Certified Public Accountant (Thailand) Registration No. 3427 DELOITTE TOUCHE TOHMATSU JAIYOS

154

S&P SYNDICATE PUBLIC COMPANY LIMITED AND SUBSIDIARIES BALANCE SHEETS AS AT DECEMBER 31, 2005 AND 2004

Consolidated 2005 2004 ASSETS CURRENT ASSETS Cash and cash equivalents (Note 4) Short-term investments (Note 5) Trade accounts receivable - net (Notes 6 and 15) Short-term loans to related parties - net (Note 15) Inventories - net (Note 7) Other current assets Total Current Assets NON - CURRENT ASSETS Investments recorded by the equity method (Notes 8 and 15) Other long-term investments (Notes 9 and 20) Other long-term loans Property, plant and equipment - net (Note 10) Intangible assets - net (Note 11) Other non-current assets Total Non-current Assets TOTAL ASSETS

BAHT The Company Only 2005 2004

442,198,664 32,876,762

297,549,825 3,793,784

340,814,454 23,900,000

189,555,854 â&#x20AC;&#x201C;

100,590,239

94,396,854

91,760,175

88,388,005

7,813,040 120,668,163 51,448,380 755,595,248

8,787,551 116,344,207 42,866,282 563,738,503

2,867,100 115,256,474 8,293,014 582,891,217

796,084 111,484,961 4,804,670 395,029,574

46,483,568 24,529,881 364,222

44,162,014 25,730,374 423,725

214,067,830 2,540,260 309,500

235,266,755 2,540,260 383,300

1,022,587,066 166,443,974 68,530,751 1,328,939,462 2,084,534,710

884,830,438 176,944,393 53,059,863 1,185,150,807 1,748,889,310

Notes to the financial statements form an integral part of these statements

155

954,537,835 812,248,155 127,065,161 131,273,959 62,949,043 49,806,699 1,361,469,629 1,231,519,128 1,944,360,846 1,626,548,702

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

S&P SYNDICATE PUBLIC COMPANY LIMITED AND SUBSIDIARIES BALANCE SHEETS (CONTINUED) AS AT DECEMBER 31, 2005 AND 2004

Consolidated 2005 2004

BAHT The Company Only 2005 2004

LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES Bank overdraft and short-term loans from financial institutions Trade accounts payable (Note 15) Short-term loans from related parties (Note 15) Income tax payable Accrued expenses Other current liabilities Total Current Liabilities

54,223,358 227,845,597 354,253 46,291,864 125,491,055 55,753,800 509,959,927

40,336,255 213,512,423 394,547 40,167,708 116,711,091 33,273,888 444,395,912

50,000,000 204,684,218 473,634 38,387,790 100,423,718 37,519,631 431,488,991

31,717,424 195,126,649 428,695 33,802,272 90,231,731 26,934,623 378,241,394

NON-CURRENT LIABILITIES Other non-current liabilities Total Non-Current Liabilities TOTAL LIABILITIES

1,893,090 1,893,090 511,853,017

– – 444,395,912

– – 431,488,991

– – 378,241,394

525,000,000

SHAREHOLDERS’ EQUITY Share capital (Notes 12 and 13) Authorized share capital 105,000,000 common shares, Baht 5 each Issued and paid-up share capital 86,953,800 common shares, Baht 5 each, fully paid 74,854,300 common shares, Baht 5 each, fully paid Premium on common shares (Notes 12 and 13) Exchange differences on translation of the financial statements of foreign subsidiaries Unrealized loss on revaluation of investments Retained earnings Appropriated Legal reserve (Notes 16 and 17) Unappropriated Shareholders’ Equity of Parent Company Minority interests Total Shareholders’ Equity TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

434,769,000

459,458,400

374,271,500 302,164,900

459,458,400

374,271,500 302,164,900

14,474,896 (100,000)

20,471,528 –

14,474,896 (100,000)

20,471,528 –

37,427,150 566,842,409 1,512,871,855 59,809,838 1,572,681,693

35,888,500 515,510,880 1,248,307,308 56,186,090 1,304,493,398

37,427,150 35,888,500 566,842,409 515,510,880 1,512,871,855 1,248,307,308 – – 1,512,871,855 1,248,307,308

2,084,534,710

1,748,889,310

1,944,360,846 1,626,548,702

Notes to the financial statements form an integral part of these statements

156

S&P SYNDICATE PUBLIC COMPANY LIMITED AND SUBSIDIARIES STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004

Consolidated 2005 2004

BAHT The Company Only 2005 2004

REVENUES Sales and service incomes Other incomes Share of profits from investments recorded by the equity method (Note 15) Total Revenues

3,361,306,903 49,499,704

2,994,692,478 48,385,496

2,728,346,303 2,474,164,559 38,799,833 40,758,013

4,305,786 3,415,112,393

727,296 3,043,805,270

32,139,517 18,932,724 2,799,285,653 2,533,855,296

EXPENSES Cost of sales and services Selling and administrative expenses Total Expenses

1,933,030,511 1,186,197,455 3,119,227,966

1,737,709,552 1,046,099,553 2,783,809,105

1,769,215,752 1,600,807,571 764,560,324 691,880,247 2,533,776,076 2,292,687,818

295,884,427 (2,120,589) (80,278,809) 213,485,029 (9,884,350) 203,600,679

259,996,165 (1,016,198) (69,791,916) 189,188,051 (5,960,805) 183,227,246

265,509,577 (1,871,989) (60,036,909) 203,600,679 – 203,600,679

241,167,478 (701,423) (57,238,809) 183,227,246 – 183,227,246

Basic Earnings Per Share (Note 14)

2.68

2.53

2.68

2.53

Diluted Earnings Per Share (Note 14)

2.54

2.29

2.54

2.29

Profit before interest expense and income tax Interest expense Income tax Profit after interest expense and income tax Net profit of minority interests NET PROFIT

Notes to the financial statements form an integral part of these statements

157

158

20,471,528 – (5,996,632) – – – – 14,474,896

– – – – – – – – – – 434,769,000 459,458,400

7,112,439 – – – 20,471,528

13,359,089 –

374,271,500 302,164,900 60,497,500 157,293,500

– – – – – – – – 374,271,500 302,164,900

358,885,000 262,160,000 15,386,500 40,004,900

Notes to the financial statements form an integral part of these statements

BEGINNING BALANCE AS AT JANUARY 1, 2005 New common shares issued and premium (Note 13) Exchange differences on translation of the financial statements of foreign subsidiaries Unrealized loss on revaluation of investments Net profit Legal reserve (Note 16) Dividend (Note 17) ENDING BALANCE AS AT DECEMBER 31, 2005

BEGINNING BALANCE AS AT JANUARY 1, 2004 New common shares issued and premium (Note 13) Exchange differences on translation of the financial statements of foreign subsidiaries Net profit Legal reserve (Notes 16 and 17) Dividend (Note 17) ENDING BALANCE AS AT DECEMBER 31, 2004

Issued and Premium on Exchange paid-up common differences on share capital shares translation of the financial statements of foreign subsidiaries

– (100,000) – – – (100,000)

– –

– – – – –

– –

– – – – – 203,600,679 1,538,650 (1,538,650) – (150,730,500) 37,427,150 566,842,409

35,888,500 515,510,880 – –

– – – 183,227,246 888,500 (888,500) – (172,418,250) 35,888,500 515,510,880

35,000,000 505,590,384 – –

BAHT Total

(6,260,602) (12,257,234) – (100,000) 9,884,350 213,485,029 – – – (150,730,500) 59,809,838 1,572,681,693

56,186,090 1,304,493,398 – 217,791,000

(1,255,217) 5,857,222 5,960,805 189,188,051 – – – (172,418,250) 56,186,090 1,304,493,398

51,480,502 1,226,474,975 – 55,391,400

Unrealized Retained earnings Minority loss on Appropriated Unappropriated interests revaluation for legal of investments reserve

S&P SYNDICATE PUBLIC COMPANY LIMITED AND SUBSIDIARIES STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004 CONSOLIDATED

S&P SYNDICATE PUBLIC COMPANY LIMITED

ANNUAL REPORT 2005

159

302,164,900 157,293,500 – – – – – 459,458,400

– – – – – 434,769,000

– – – – 302,164,900

262,160,000 40,004,900

374,271,500 60,497,500

– – 374,271,500

–

358,885,000 15,386,500

Notes to the financial statements form an integral part of these statements

Issued and Premium on paid-up common share capital shares

(5,996,632) – – – – 14,474,896

20,471,528 –

7,112,439 – – – 20,471,528

13,359,089 –

Exchange differences on translation of the financial statements of foreign subsidiaries

– (100,000) – – – (100,000)

– –

– – – – –

– –

– – – 1,538,650 – 37,427,150

35,888,500 –

– – 888,500 – 35,888,500

35,000,000 –

BAHT

1,174,994,473 55,391,400

Total

1,248,307,308 217,791,000 – (5,996,632) – (100,000) 203,600,679 203,600,679 (1,538,650) – (150,730,500) (150,730,500) 566,842,409 1,512,871,855

515,510,880 –

– 7,112,439 183,227,246 183,227,246 (888,500) – (172,418,250) (172,418,250) 515,510,880 1,248,307,308

505,590,384 –

Unrealized Retained earnings loss on Appropriated Unappropriated revaluation for legal of investments reserve

S&P SYNDICATE PUBLIC COMPANY LIMITED AND SUBSIDIARIES STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004 THE COMPANY ONLY

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

S&P SYNDICATE PUBLIC COMPANY LIMITED AND SUBSIDIARIES STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004

Consolidated 2005 2004 CASH FLOWS FROM OPERATING ACTIVITIES Net profit Items to reconcile net profit to net cash flows: Share of profits from investments recorded by the equity method Depreciation and amortization Amortization of goodwill Loss from intangible assets written-off Loss on equipment written-off (Gain) loss on sales of equipment Net profit of minority interests Income from operations before changes in operating assets and liabilities (Increase) decrease in operating assets Trade accounts receivable Inventories Other current assets Other non-current asssts Increase (decrease) in operating liabilities Trade accounts payable Income tax payable Accrued expenses Other current liabilities Other non-current liabilities Net Cash Provided by Operating Activities

BAHT The Company Only 2005 2004

203,600,679

183,227,246

203,600,679

183,227,246

(4,305,786) 189,184,118 (206,279) – 1,678,391 366,412 9,884,350

(727,296) 155,471,095 (206,279) 9,607,514 10,942,943 (1,385,833) 5,960,805

(32,139,517) 162,522,316 (206,279) – 1,678,391 345,169 –

(18,932,724) 137,929,371 (206,279) 9,607,514 2,931,135 (1,385,833) –

400,201,885

362,890,195

335,800,759

313,170,430

(6,193,385) (4,323,956) (8,582,098) (15,470,888)

(11,848,532) (30,444,041) (16,327,427) (3,013,070)

(3,372,170) (3,771,513) (3,488,344) (13,142,344)

(18,315,562) (35,381,037) (53,407) (4,032,549)

14,333,174 6,124,156 8,779,964 17,608,227 1,893,090 414,370,169

14,216,520 503,970 28,525,009 (18,123,918) – 326,378,706

11,411,871 4,585,519 8,337,685 5,713,322 – 342,074,785

17,056,926 1,457,234 18,769,452 (11,843,783) – 280,827,704

160

S&P SYNDICATE PUBLIC COMPANY LIMITED AND SUBSIDIARIES STATEMENTS OF CASH FLOWS (CONTINUED) FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004

Consolidated 2005 2004 CASH FLOWS FROM INVESTING ACTIVITIES Increase in short-term investments (29,182,978) (Increase) decrease in short-term loans to related parties 974,511 Decrease in investments recorded by the equity method – Cash paid to acquire investment of a subsidiary – Cash received from decrease of share capital of a subsidiary 1,984,232 (Increase) decrease in other long-term investments 1,200,493 Decrease in long-term loans to related parties – (Increase) decrease in other long-term loans 59,503 Cash payment for purchases of fixed assets (313,770,290) Dividend income – Proceeds from sale of fixed assets 3,079,952 Increase in intangible assets (8,713,460) Net Cash Used in Investing Activities (344,368,037)

161

BAHT The Company Only 2005 2004

(506,686)

(24,000,000)

–

6,464,283

(2,071,016)

7,555,976

655,398 –

– (499,300)

655,398 –

– (22,515,339) 1,050,000 60,217 (287,329,891) – 2,785,047 (4,219,959) (303,556,930)

19,219,189 – – 73,800 (289,074,645) 28,621,921 2,733,645 (11,207,794) (276,204,200)

– – 1,050,000 (125,197) (241,378,548) – 2,785,047 (130,000) (229,587,324)

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

S&P SYNDICATE PUBLIC COMPANY LIMITED AND SUBSIDIARIES STATEMENTS OF CASH FLOWS (CONTINUED) FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004

Consolidated 2005 2004 CASH FLOWS FROM FINANCING ACTIVITIES Increase in short-term loans from financial institutions Increase (decrease) in short-term loans from related parties Proceeds from issuance of share capital Dividend paid Net Cash Provided by (Used in) Financing Activities

BAHT The Company Only 2005 2004

13,887,103

36,217,924

18,282,576

31,717,424

(40,294) 217,791,000 (150,730,500)

(1,194,658) 55,391,400 (172,418,250)

44,939 217,791,000 (150,730,500)

(1,791,300) 55,391,400 (172,418,250)

80,907,309

(82,003,584)

85,388,015

(87,100,726)

(6,260,602)

1,080,522

–

144,648,839

(58,101,286)

151,258,600

(35,860,346)

297,549,825

355,651,111

189,555,854

225,416,200

442,198,664

297,549,825

340,814,454

189,555,854

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash paid during the years Interest expense 1,940,315 Income tax 74,151,713

1,050,794 69,289,896

1,691,715 55,451,391

701,423 55,781,575

Exchange differences on translation of the financial statements of foreign subsidiaries NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR

Notes to the financial statements form an integral part of these statements

162

S&P SYNDICATE PUBLIC COMPANY LIMITED AND SUBSIDIARIES NOTES TO FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004 1. GENERAL INFORMATION On October 14, 1973, S&P Syndicate Public Company Limited was incorporated under the Civil and Commercial Code of Thailand and was transformed to Public Company Limited on April 20, 1994. The location of its head office is at 457-457/6 Sukhumvit 55 (Thonglor), Sukhumvit Road, Klongtonnua, Vadhana, Bangkok 10110. S&P Syndicate Public Company Limited is the parent company within the group of companies. The core business is the operation of a nationwide and international chain of restaurants and bakery shops numbering approximately 252 and 212 outlets in the years 2005 and 2004, respectively, the production of bakery, frozen foods and other food products and food-service related business such as outside catering. SUPPLEMENTAL DISCLOSURE OF NUMBER OF EMPLOYEES AND STAFF COSTS Number of employees as at December 31, 2005 and 2004 and staff costs for the years ended December 31, 2005 and 2004 were included in cost of sales and services and selling and administrative expenses as follows: Number of employees

S&P Syndicated Public Company Limited S&P Syndicated public Company Limited and subsidiaries

2005

2004

4,051 4,130

3,806 3,902

Staff costs Million Baht 2005 2004 652.53 835.75

565.21 724.59

2. BASIS OF FINANCIAL STATEMENT PREPARATION AND PRINCIPLES OF CONSOLIDATION The statutory financial statements are prepared in Thai Baht in the Thai language in conformity with generally accepted accounting principles in Thailand. Accordingly the financial statements are intended solely to present the financial position and results of operations and cash flows in accordance with accounting principles and practices generally accepted in Thailand. The financial statements are prepared in compliance with the Notification of the Department of Commercial Registration (currently the Department of Business Development) dated September 14, 2001, regarding “The Brief Particulars in the Financial Statements B.E. 2544”. In addition, the Company’s financial statements have been prepared in accordance with the Regulation of The Stock Exchange of Thailand (SET) dated January 22, 2001, regarding the preparation and submission of financial statements and reports for the financial position and results of operations of the listed companies B.E. 2544.

163

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

For the convenience of readers, an English translation of the financial statements has been prepared from the Thai language statutory financial statements which are issued for domestic financial reporting purposes. The consolidated financial statements for the years ended December 31, include the financial statements of S&P Syndicate Public Company Limited (“the Company”) and its subsidiaries in which the Company has control or invested over 50% of their voting rights. These subsidiaries are detailed as follows: Business type

Country of registration

Ceased operation Dissolution Dissolution Dissolution Holding Company Ceased operation Office rental

Thailand Thailand Thailand Thailand Thailand Thailand Thailand

Subsidiaries S&P Kitchen Company Limited S&P Bakery Products Company Limited (3) S&P Distribution and Sales Company Limited (3) S&P Franchising Company Limited (3) S&P Global Company Limited Seriwat Foods Company Limited (1) S&P Minor Foods Company Limited (2)

Percentage of holdings As at December 31, 2005 2004 99.99 – – – 80.00 99.96 99.93

99.99 99.99 99.99 99.20 80.00 99.96 –

(1) In October 2004, the Company has ceased its operations and transferred employees and business operation to S&P Syndicate Public Company Limited. (2) The Company has acquired additional shares from existing shareholders in third quarter of 2005 totalling Baht 499,300. (3) The Extraordinary Shareholders’ Meeting of S&P Bakery Products Co., Ltd., S&P Distribution and Sales Co., Ltd., and S&P Franchising Co., Ltd., subsidiaries, on August 24, 2005 has a resolution to dissolve the companies. Subsequently, on September 12, 2005 the Extrordinary Shareholders’ Meeting has reconfirmed the dissolution and filed an application for dissolution at the Registrar of Partnerships and Companies on September 26, 2005.

Additionally, the consolidated financial statements include the results from the financial statements of overseas subsidiary companies, in which S&P Global Company Limited has a shareholding, as the Company has been given authority to provide technical assistance to, and management of Thai food restaurants owned by these companies under agreement as follows: Business type

Country of registration

Percentage held by S&P Global Co., Ltd. December 31, 2005 2004

Held by S&P Global Company Limited S&P Restaurant Company Limited Patara (Geneva) SA Theme Foods PTE Limited Siam Kitchen Causeway Point PTE Limited Patara Taiwan Company Limited Patio International Limited

Restaurant Restaurant Restaurant Restaurant Restaurant Restaurant

England Switzerland Singapore Singapore Taiwan Taiwan

96.00 62.00 50.00 50.00 50.00 55.00

Held by Theme Foods (PTE) Limited, Singapore Siam Kitchen Sdn. Bhd.

Restaurant

Malaysia

99.99

164

Significant intercompany transactions between the Company and its subsidiaries have been eliminated from the consolidated financial statements. The consolidated financial statements for the years ended December 31, 2005 and 2004, did not include the financial statements of Siam Kitchen Sdn. Bhd., subsidiary company registered in Malaysia which is invested by Theme Foods (PTE) Limited as the amount is immaterial. As at December 31, 2005 and 2004, book value of such investment in such subsidiary are Baht 0.24 million. Assets, investments recorded by the equity method as at December 31, 2005 and 2004, revenues and the share of profits (loss) from investments recorded by the equity method in subsidiary and associated companies for the years ended December 31, 2005 and 2004 accounted for as the percentage of total assets, net assets (total assets net off total liabilities), total revenues and net profit, respectively, in the consolidated financial statements are summarized below: Company’s name

Assets as percentage of total assets as at December 31, 2005 2004

Held by S&P Syndicate Public Company Limited Subsidiaries S&P Kitchen Company Limited 0.34 S&P Bakery Products Company Limited (3) – S&P Distribution and Sales Company Limited (3) – S&P Franchising Company Limited (3) – S&P Global Company Limited and subsidiaries 14.15 (Proportion of each subsidiary and associated companies of S&P Global Co., Ltd. are presented in next table) Seriwat Foods Co., Ltd. (1) 0.27 Siam Kitchen Sdn. Bhd. (Held by Theme Foods (PTE) Limited) – S&P Minor food Co., Ltd. (2) 0.23 Associates S&P Minor food Co., Ltd. HD Distributors (Thailand) Co., Ltd.

– – 14.99

1.02 0.27 0.06 0.14 14.72

CONSOLIDATED Investments Revenues as recorded by the percentage of equity method total revenues as percentage of for the years net assets as at ended December 31, December 31, 2005 2004 2005 2004

Share of profit (loss) as percentage of net profit for the years ended December 31, 2005 2004

– – – – 0.20*

0.01 – – – 18.80

0.01 – – – 16.48

– – – – 0.24

1.83

–

0.13

2.57

–

– –

0.02* –

– 0.18

– –

– 2.75 2.95

0.14* 3.02 3.38

– – 19.12

– – 18.04

165

– – 19.06

– 1.87 2.11

– – – – (0.29)

0.57* (0.16) 0.12

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SYNDICATE PUBLIC COMPANY LIMITED

Company’s name

Assets as percentage of total assets as at December 31, 2005 2004

Held by S&P Global Company Limited Subsidiaries S&P Restaurant Company Limited Patara (Geneva) SA Theme Foods (PTE) Limited Siam Kitchen Causeway Point PTE Limited Patara Taiwan Company Limited Patio International Company Limited Siam Kitchen Sdn. Bhd. (Held by Theme Foods (PTE) Limited) Associates Patara Developments SA

CONSOLIDATED Investments Revenues as recorded by the percentage of equity method total revenues as percentage of for the years net assets as at ended December 31, December 31, 2005 2004 2005 2004

7.26 1.06 1.19 1.19 0.28 0.86

7.33 1.11 1.91* 1.03* 0.27* 0.76*

– – – – – –

–

0.01*

0.02*

–

0.19 0.20

0.20 0.22

– 18.73

– 11.84

– 12.41

8.34 1.93 2.46 4.34 0.50 1.16

Share of profit (loss) as percentage of net profit for the years ended December 31, 2005 2004

6.63 2.06 2.69* 3.77* 0.51* 0.78*

– – – – – –

–

(0.11)

0.24 0.24

(0.29) (0.40)

– 16.44

Investments recorded by the equity method as at December 31, 2005 and 2004 and the share of profits (loss) from investments recorded by the equity method for the years ended December 31, 2005 and 2004, of subsidiary and associated companies accounted for as the percentage of net assets and net profit, respectively, in the Company’s financial statements are summarized below: Company’s name

The Company only Investments recorded Share of profit (loss) by the equity method as percentage as percentage of net assets of net profit for the years as at December 31, ended December 31, 2005 2004 2005 2004

Held by S&P Syndicate Public Company Limited Subsidiaries: S&P Kitchen Company Limited 0.47 S&P Bakery Products Company Limited (3) – S&P Distribution and Sales Company Limited (3) – S&P Franchising Company Limited (3) – S&P Global Company Limited 10.31 (Proportion of each subsidiary and associated companies of S&P Global Co., Ltd. are presented below) Seriwat Foods Company Limited (1) 0.30 S&P Minor food Co., Ltd. (2) 0.20 Associates: S&P Minor Foods Company Limited HD Distributors (Thailand) Company Limited

– 2.86* 14.14

166

1.44 0.38 0.08 0.19 10.84

0.07 0.01 (0.01) – 13.02

0.07 0.01 (0.01) – 7.04

2.56 –

0.17 0.64

2.98 –

0.14* 3.16* 18.79

– 1.87* 15.77

0.57* (0.16)* 10.50

Company’s name

Held by S&P Global Company Limited Subsidiaries: S&P Restaurant Company Limited Patara (Geneva) SA Theme Foods (PTE) Limited Siam Kitchen Causeway Point PTE Limited Patara Taiwan Company Limited Patio International Company Limited

6.39 0.49 0.54* 0.14* (0.06)* 0.19*

6.41 0.49 0.56* 0.09* (0.05)* 0.34*

10.76 0.97 0.48* 0.51* (0.14)* (0.66)*

4.78 0.29 0.56* (0.34)* (0.58)* 0.23*

Associate Patara Developments SA

0.20

0.21*

0.24

(0.29)*

0.02* 7.91

0.02* 8.07

– 12.16

(0.11)* 4.54

Held by Theme Foods (PTE) Limited, Singapore Siam Kitchen Sdn. Bhd.

* Information which was provided by the management, was not audited or reviewed by an auditor. (1) In October 2004, the Company has ceased its operations and transferred employees and business operation to S&P SyndicatePublic Company Limited. (2) The Company has acquired additional shares from existing shareholder in third quarter of 2005 totalling Baht 499,300. (3) The Extraordinary Shareholders’ Meeting of S&P Bakery Products Co., Ltd., S&P Distribution and Sales Co., Ltd., and S&P Franchising Co., Ltd., subsidiaries, on August 24, 2005 has a resolution to dissolve the companies. Subsequently, on September 12, 2005 the Extrordinary Shareholders’ Meeting has reconfirmed the dissolution and filed an application for dissolution at the Registrar of Partnerships and Companies on September 26, 2005.

3. SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies are summarized as below: 3.1 Cash and cash equivalents Cash and cash equivalents consist of cash in hand, deposits at bank and all types of deposits at financial institution with the original maturities of three months or less and without the restriction of use. 3.2 Allowance for doubtful accounts Allowance for doubtful accounts is an estimate of those amounts which may prove to be uncollectable based on collection experience and a review of the current status of each receivable.

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3.3 Inventories Inventories of the Company and its subsidiaries are stated at the lower of cost or net realizable value. The cost of inventories of the Company and its three subsidiaries is stated using the average cost method and of the other two subsidiaries is stated using the first in, first out method. 3.4 Investments recorded by the equity method Investments in subsidiary and associated companies are recorded using the equity method, except in the case where impairment of investment is deemed to have occurred in which case the loss will be charged to the statement of income. 3.5 Other long-term investments Other long-term investments represent cash at banks pledged as collateral and investments in non-marketable equity securities, classified as general investments and are stated at cost. 3.6 Property, plant and equipment Land of the Company is stated at cost. Plant and equipment of the Company and domestic subsidiary companies are stated at cost, net of accumulated depreciation. Depreciation is computed by the straight-line method over the estimated useful lives of the assets of 20 years for buildings, 5 years for land improvements and 5 - 8 years for equipment. Equipment of overseas subsidiary companies is stated at cost, net of accumulated depreciation. Depreciation is computed by the straight-line and the diminishing balance methods over the estimated useful lives of the assets of 4 - 5 years. 3.7 Intangible assets Intangible assets consist of: a. Computer software development costs stated at cost and are being amortized to expenses, within five years. b. Leaseholds of the Company are being amortized using the straight-line method over the lease periods. Long-term leasehold of an overseas subsidiary company is being amortized at 2% of cost using the straight-line method. Short-term leasehold is being amortized over the lease period. c. Goodwill represents the excess of cost over the net asset value at the date of acquisition of a subsidiary company, net of negative goodwill, which is the excess of net asset value over cost of two subsidiaries at the date of acquisition. This excess shall be amortized using the straight-line method over a period of ten years from the date of acquisition. 3.8 Provident fund The Company established the provident fund in compliance with the Provident Fund Act B.E. 2530. The fund receives voluntary contributions from employees. Under the fundâ&#x20AC;&#x2122;s regulations, the members contribute 2% of their monthly earnings to the fund while the Company contributes 2% of such earnings. Members are entitled to their whole contributions plus net benefit thereon, and the Companyâ&#x20AC;&#x2122;s contributions plus benefits thereon at the rates depending on their period of service as prescribed by the regulations of the fund.

168

The provident fund is managed by a fund manager which is a mutual fund management company, and therefore, is not shown in the balance sheets. 3.9 Foreign currency accounts Transactions in foreign currencies occurring during the year are converted into Baht at the rates prevailing on the transaction date. Monetary assets and liabilities in foreign currencies at the end of the year are translated into Baht at the rates prevailing on that date as determined by the Bank of Thailand. Gains or losses on translation are included in the statement of income. The translation of foreign financial statements for the purpose of preparing the consolidated financial statements is determined using the following rates; a. assets and liabilities are translated at the rate prevailing at the end of year. b. shareholdersâ&#x20AC;&#x2122; equity is translated at the rates prevailing on the transaction dates. c. revenues and expenses are translated at the average rate for the year. Gain or loss on translation of foreign financial statements is shown under shareholdersâ&#x20AC;&#x2122; equity. Intercompany transactions are converted at the rates prevailing on the date of transaction and, upon elimination, at the rates prevailing on the consolidation date. 3.10 Recognition of revenues and expenses Revenue from the sales of goods and cost of sales of goods are recognised as sales and cost of sales in the statement of income when the significant risks and rewards of ownership have been transferred to the buyer. Other revenues and expenses are recognized on the accrual basis. 3.11 Income tax Income tax of the Company and domestic subsidiary companies for each year is recognized on the accrual basis which is based on the taxable profit for the year. Income tax of the overseas subsidiary companies for each year is recognized on the accrual basis in accordance with the business practice of the countries where the business was performed. 3.12 Earnings per share Basic earnings per share are computed by dividing net profit for the year by the weighted average number of ordinary shares outstanding during the year. Diluted earnings per share are computed by dividing net profit for the year by the total of the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares which would be issued on the conversion of all dilutive potential ordinary shares (warrants) into ordinary shares.

169

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3.13 Use of accounting estimates Preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the disclosure of contingent assets and liabilities. The actual results may differ from such estimates. 4. CASH AND CASH EQUIVALENTS For the purposes of preparation of the statements of cash flows in accordance with the relevant Thai Accounting Standard, as at December 31, cash and cash equivalents consist of: Consolidated 2005 2004 Cash on hand and at banks Time deposits Promissory notes issued by financial institutions Cash and Cash Equivalents

411,747 30,451 – 442,198

214,309 30,516 52,725 297,550

Thousand Baht The Company Only 2005 2004 310,363 30,451 – 340,814

159,040 30,516 – 189,556

Cash and cash equivalents, include cash on hand and at banks and promissory notes issued by financial institutions due within three months and without obligation, with interest at market rates. 5. SHORT-TERM INVESTMENTS As at December 31, 2005 and 2004, short-term investments are promissory notes issued by financial institutions due within 12 months and without obligation, with interest at market rates. 6. TRADE ACCOUNTS RECEIVABLE - NET As at December 31, the Company and its subsidiaries had outstanding balances of trade accounts receivable (including trade accounts receivable from related parties) aged by the number of months as follows: Consolidated 2005 2004 Current Overdue 3 months or less Over 3 months up to 6 months Over 6 months up to 12 months Over 12 months Total Less Allowance for doubtful accounts Trade Accounts Receivable - Net

170

Thousand Baht The Company Only 2005 2004

69,211

59,900

60,696

54,529

31,595 2,060 435 9,347 112,648 (12,058) 100,590

33,892 3,343 106 9,293 106,534 (12,137) 94,397

31,595 2,060 435 6,905 101,691 (9,931) 91,760

33,254 3,343 106 7,090 98,322 (9,934) 88,388

7. INVENTORIES - NET Inventories as at December 31, consist of: Thousand Baht The Company Only 2005 2004

Consolidated 2005 2004 Finished goods Work in process Raw materials Packaging materials Spare parts and supplies Goods in transit Total Less Allowance for obsolete stocks Inventories - Net

37,519 1,132 41,413 32,793 7,811 – 120,668 – 120,668

37,224 1,096 43,824 29,396 5,599 45 117,184 (840) 116,344

37,519 1,132 36,001 32,793 7,811 – 115,256 – 115,256

37,224 1,096 38,153 29,396 5,599 17 111,485 – 111,485

8. INVESTMENTS RECORDED BY THE EQUITY METHOD Investments recorded by the equity method in the consolidated financial statements as at December 31, 2005 consist of: Type of business Subsidiary Siam Kitchen SDN BHD

Thousand Baht Paid-up % Share At cost At equity Dividends capital holding method method (Thousand Baht)

Relationship

Thai restaurant Co-shareholders and co-management 2,845 team

Associates HD Distributors (Thailand) Agency for Co., Ltd. food distribution Shareholding held by S&P Global Co., Ltd. Patara Development SA Thai Restaurant Union Sky S&P Limited ” Total

50.00

1,423

235

–

”

100,000

49.00

48,998

43,238

–

” ”

5,314 50

45.00 20.00

2,392 10 52,823

3,011 – 46,484

– – –

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Investments recorded by the equity method in the consolidated financial statements as at December 31, 2004 consist of: Thousand Baht Type of Relationship Paid-up % Share At cost At equity Dividends business capital holding method method (Thousand Baht) Subsidiary Siam Kitchen SDN BHD

Thai restaurant Co-shareholders and co-management team 2,845

Associates S&P Minor Food Co., Ltd. Office rental S&P Catering Co., Ltd. Ceased operations* HD Distributors (Thailand) Agency for food Co., Ltd. distribution Shareholding held by S&P Global Co., Ltd. Patara Development SA Thai restaurant Union Sky S&P Limited ” Total

50.00

1,423

241

–

” ”

1,000 1,000

50.00 50.00

500 –

1,798 50

– 155

”

100,000

49.00

48,998

39,428

–

” ”

5,314 50

45.00 20.00

2,392 10 53,323

2,645 – 44,162

– – 155

* Ceased operations by selling assets, transferring employees and business operations to S&P Syndicate Public Company Limited, as from the second quarter, 1998. The Extraordinary Shareholders’ Meeting of S&P Catering Co., Ltd., an associated company, on August 31, 2004 has a resolution to dissolute the Company. Subsequently, on September 15, 2004 the Extraordinary Shareholders’ Meeting has reconfirmed the dissolution. And the Company has filed an application for dissolution at the Business Registration Service Office of the Ministry of Commerce on September 15, 2004.

Investments recorded by the equity method in the Company’s financial statements as at December 31, 2005 consists of: Thousand Baht Type of Relationship Paid-up % Share At cost At equity Dividends business capital holding method method (Thousand Baht) Subsidiaries S&P Kitchen Co., Ltd.

Ceased Co-shareholders and operation (1) (2) co-management team 4,000 S&P Global Co., Ltd. Holding company ” 50,000 Seriwat Foods Co., Ltd. Food industry (4) ” 2,000 S&P Minor Food Co., Ltd. Office for rent ” 1,000

Associates HD Distributors (Thailand) Co., Ltd. Total

Agency for food distribution

”

100,000

172

99.99 80.00 99.96 99.93

3,999 40,000 1,999 999

7,069 156,225 4,571 2,965

– – 27,989 633

49.00

48,998 95,995

43,238 214,068

– 28,622

Investments recorded by the equity method in the Company’s financial statements as at December 31, 2004 consists of: Type of business Subsidiaries S&P Kitchen Co., Ltd.

Relationship

Ceased Co-shareholders and operation (1) (2) co-management team 15,000 Ceased operation (1) (5) ” 1,000

S&P Bakery Products Co., Ltd. S&P Distribution and Ceased operation (1) (5) Sales Co., Ltd. S&P Franchising Ceased operation (1) (5) Co., Ltd. S&P Global Co., Ltd. Holding company Seriwat Foods Co., Ltd. Food industry (4) Associates S&P Minor Food Co., Ltd. S&P Catering Co., Ltd. HD Distributors (Thailand) Co., Ltd. Total

Paid-up % Share capital holding (Thousand Baht)

Office for rent Ceased operation (1) (3) Agency for food distribution

Thousand Baht At cost At equity Dividends method method

99.99 99.99

139,793 1,000

17,920 4,722

– –

”

1,000

99.99

1,000

1,049

–

”

2,000

99.20

1,984

2,385

–

” ”

50,000 2,000

80.00 99.96

40,000 1,999

135,709 32,205

– –

” ”

1,000 1,000

50.00 50.00

500 500

1,798 50

– 155

”

100,000

49.00

48,998 235,774

39,429 235,267

– 155

(1) Ceased operations by selling assets, transferring employees and business operations to S&P Syndicate Public Company Limited, as from the second quarter, 1998. (2) The Extraordinary Shareholders’ Meeting of S&P Kitchen Co., Ltd. on December 11, 1998 had a resolution to decrease the company’s registered share capital by Baht 45 million from 600,000 shares at par value of Baht 100 each to 150,000 shares at par value of Baht 100 each. There remained a total amount of new registered share capital of Baht 15 million. The company registered its change of share capital at the Registrar of Partnerships and Companies of the Ministry of Commerce on December 29, 2003. – The Extraordinary Shareholders’ Meeting of S&P Kitchen Co., Ltd., a subsidiary company, held on March 15, 2005 had a resolution to decrease the Company’s registered share capital by Baht 11 million from 150,000 shares at per value of Baht 100 each to 40,000 shares at par value of Baht 100 each. They remained a total amount of new registered share capital of Baht 4 million. The Company registered its change of share capital at the Registrar of Partnerships and Companies of the Ministry of Commerce on August 19, 2005. (3) The Extraordinary Shareholders’ Meeting of S&P Catering Co., Ltd., an associated company, on August 31, 2004 had a resolution to dissolute the Company. Subsequently, on September 15, 2004 the Extraordinary Shareholders’ Meeting has reconfirmed the dissolution. And the Company has filed an application for dissolution at the Registrar of Partnerships and Companies of the Ministry of Commerce on September 15, 2004. (4) In October 2004, the Company has ceased its operations and transferred employees and business operation to S&P Syndicate Public Company Limited.

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(5) The Extraordinary Shareholders’ Meeting of S&P Bakery Products Co., Ltd., S&P Distribution and Sales Co., Ltd., and S&P Franchising Co., Ltd., subsidiaries, on August 24, 2005 has a resolution to dissolve the companies. Subsequently, on September 12, 2005 the Extrordinary Shareholders’ Meeting has reconfirmed the dissolution and filed an application for dissolution at the Registrar of Partnerships and Companies of the Ministry of Commerce on September 26, 2005.

9. OTHER LONG -TERM INVESTMENTS Other long-term investments as at December 31, consisted of: Consolidated 2005 2004 General investments Pledged time deposits Total other long-term investments 10.

– 24,530 24,530

675 25,055 25,730

Thousand Baht The Company Only 2005 2004 – 2,540 2,540

– 2,540 2,540

PROPERTY, PLANT AND EQUIPMENT - NET Property, plant and equipment - net as at December 31, 2005 and 2004 consist of: Consolidated

Cost Land Land improvements Office buildings and office improvements Factory buildings Machinery and equipment Office furniture and equipment Vehicles Construction in progress Total cost

Balance Additions as at December 31, 2004

232,165 6,948 65,856 131,968 534,636 585,462 45,276 73,922 1,676,233

Disposals

Thousand Baht Transfers/ Adjustments Balance Adjustment from the as at translation December 31, of foreign 2005 financial statements

– –

– (6,948)

– –

– – 63,304 96,404 7,642 147,840 315,190

(66) (1,841) (23,643) (24,144) (2,333) – (58,975)

– – 29,392 57,753 – (87,145) –

– – (4,397) 748 385 – (3,264)

174

232,165 – 65,790 130,127 599,292 716,223 50,970 134,617 1,929,184

Consolidated

Balance Additions as at December 31, 2004

Accumulated depreciation: Land improvements Office buildings and office improvements Factory buildings Machinery and equipment Office furniture and equipment Vehicles Total accumulated depreciation Property plant and equipment-net

6,948 44,817 41,489 307,471 370,240 20,438 791,403 884,830

Disposals

–

(6,948)

4,058 6,434 71,098 79,948 8,227 169,765

(65) (1,841) (22,395) (20,639) (1,963) (53,851)

Thousand Baht Transfers/ Adjustments Balance Adjustment from the as at translation December 31, of foreign 2005 financial statements

– – – – – (57) (57)

– – – (1,292) 667 (38) (663)

Depreciation for the years ended December 31, 2005 2004

The Company only

Cost Land Land improvements Office buildings and office improvements Factory buildings Machinery and equipment Office furniture and equipment Vehicles Construction in progress Total cost

– 48,810 46,082 354,882 430,216 26,607 906,597 1,022,587

169,765 137,402

Balance Additions as at December 31, 2004 232,165 6,948 58,731 131,968 424,806 562,665 42,473 73,922 1,533,678

175

– – – – 50,267 90,392 5,448 147,840 293,947

Disposals

– (6,948) (66) (1,841) (23,643) (24,144) (597) – (57,239)

Thousand Baht Transfers/ Balance Adjustment as at December 31, 2005 – – – – 29,392 57,753 – (87,145) –

232,165 – 58,665 130,127 480,822 686,666 47,324 134,617 1,770,386

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ANNUAL REPORT 2005

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The Company only

Balance Additions as at December 31, 2004 6,948 37,691 41,489 260,126 356,369 18,807 721,430 812,248

– 4,058 6,434 54,511 74,356 7,599 146,958

Disposals

(6,948) (65) (1,841) (22,395) (20,639) (595) (52,483)

Thousand Baht Transfers/ Balance Adjustment as at December 31, 2005 – – – – – (57) (57)

Depreciation for the years ended December 31, 2005 2004

– 41,684 46,082 292,242 410,086 25,754 815,848 954,538

146,958 123,105

Depreciation of the plant and equipment of the Company and its subsidiaries for the years ended December 31, includes in cost of sales and services and selling and administrative expenses, consist of: Consolidated 2005 2004 Cost of sales and services Selling and administrative expenses Total

62,530 107,235 169,765

51,408 85,994 137,402

Thousand Baht The Company Only 2005 2004 62,126 84,832 146,958

51,260 71,845 123,105

As at December 31, 2005 and 2004, the cost value before accumulated depreciation of plant and equipment which was fully depreciated but still in use of the Company and its subsidiaries, amounted to Baht 437.39 million and Baht 326.74 million, respectively.

176

11. INTANGIBLE ASSETS - NET Intangible assets-net as at December 31, consist of: Consolidated

Software Leasehold development costs

Cost Beginning balance as at January 1, 2005 Increase Exchange differences on translation of the financial statements of foreign subsidiaries Ending balance as at December 31, 2005 Accumulated Amortization Beginning balance as at January 1, 2005 Written-off Exchange differences on translation of the financial statements of foreign subsidiaries Ending balance as at December 31, 2005 Net Book Value As at January 1, 2005 As at December 31, 2005

The Company Only

Goodwill Goodwill Negative goodwill

Thousand Baht Total Total

1,809 170

349,518 11,038

126,904 –

(2,063) –

124,841 –

476,168 11,208

– 1,979

(4,107) 356,449

– 126,904

– (2,063)

– 124,841

(4,107) 483,269

177 341

173,666 19,079

126,904 –

(1,523) (206)

125,381 (206)

299,224 19,214

– 518

(1,613) 191,132

– 126,904

– (1,729)

– 125,175

(1,613) 316,825

1,632 1,461

175,852 165,317

– –

(540) (334)

176,944 166,444

Software Leasehold development costs

Goodwill Goodwill Negative goodwill

Thousand Baht Total Total

Cost Beginning balance as at January 1, 2005 Increase Ending balance as at December 31, 2005

1,809 170 1,979

277,738 11,038 288,776

126,904 – 126,904

(2,063) – (2,063)

124,841 – 124,841

404,388 11,208 415,596

Accumulated Amortization Beginning balance as at January 1, 2005 Written-off Ending balance as at December 31, 2005

177 341 518

147,556 15,282 162,838

126,904 – 126,904

(1,523) (206) (1,729)

125,381 (206) 125,175

273,114 15,417 288,531

1,632 1,461

130,182 125,938

– –

(540) (334)

131,274 127,065

Net Book Value As at January 1, 2005 As at December 31, 2005

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Amortization of intangible assets for the years ended December 31 2005 and 2004, included in cost of sales and services and selling and administrative expenses and other incomes, consist of: Consolidated 2005 2004 Selling and administrative expenses Other income Total

19,420 (206) 19,214

18,083 (206) 17,877

Thousand Baht The Company Only 2005 2004 15,623 (206) 15,417

14,839 (206) 14,633

12. SHARE CAPITAL On March 28, 2002, the Meeting of the Board of Directors passed a resolution on the pricing of new common shares for public offering in the amount of 10 million shares at par value of Baht 5 each with the offer price of Baht 21. These common shares would be offered together with five year warrants to purchase common shares in the amount of five million units at Baht nil, having the conversion ratio of two new shares to one unit of warrant and the exercise price of Baht 18 per share. The subscription period for those shares and warrants was during April 4-5, 2002. The meeting also determined that the warrants to buy common shares were to be offered to the existing shareholders as listed in the share register as at October 10, 2001 in the amount of 30 million units in the proportion of two existing shares to one warrant and the exercise price was Baht 18 per share. 13. WARRANTS TO PURCHASE COMMON SHARES On April 9, 2002, S&P Syndicate Public Company Limited issued warrants to purchase common shares in the amount of 35 million units according to the resolution of the Meeting of the Board of Directors held on March 28, 2002. The details are as follows: 13.1 Offer Method 13.1.1 30 million units :

To be offered to existing shareholders of the Company on the closing date of share registration on October 10, 2001 at the ratio of two existing shares to one warrant (Any fraction of shares shall be disregarded.)

13.1.2 5 million units

To be offered to the public who subscribe to the new common shares of the Company at the ratio of two newly issued shares to one warrant (Any fraction of shares shall be disregarded.)

13.2 Offer price per unit

Baht nil

13.3 Exercise Ratio

One warrant entitled to purchase one common share, subject to adjustment of the exercise ratio.

13.4 Exercise Price

Baht 18 per share

13.5 Life of Warrants

Five years from the date of warrant issue

178

13.6 Exercise Period

Every three months, within the last business day of March, June, September and December. The first exercise may be made on the last business day of June 2003.

The Company has registered the warrants to purchase common shares with the Stock Exchange of Thailand (â&#x20AC;&#x153;SETâ&#x20AC;?) as listed securities and the SET approved such listing from May 10, 2002 onwards. During the year 2004, warrants to purchase common shares were exercised for 3,077,300 common shares at Baht 18 each, totalling Baht 55,391,400. The Company issued 3,077,300 common shares for the capital increases intended for such warrants exercise at Baht 18 each. The capital increases were registered with the Ministry of Commerce as follows: a. The increase in share capital of 228,000 common shares at Baht 18 each was registered on April 19, 2004. b. The increase in share capital of 78,900 common shares at Baht 18 each was registered on July 13, 2004. c. The increase in share capital of 1,224,200 common shares at Baht 18 each was registered on October 13, 2004. d. The increase in share capital of 1,546,200 common shares at Baht 18 each was registered on January 13, 2005. During the year 2005, warrants to purchase common shares were exercised for 12,099,500 common shares at Baht 18 each, totalling Baht 217,971,000. The Company issued 12,099,500 common shares for the capital increases intended for such warrants exercise at Baht 18 each. The capital increases were registered with the Ministry of Commerce as follows: a. The increase in share capital of 37,800 common shares at Baht 18 each was registered on April 12, 2005. b. The increase in share capital of 2,006,000 common shares at Baht 18 each was registered on July 11, 2005. c. The increase in share capital of 55,400 common shares at Baht 18 each was registered on October 11, 2005. d. The increase in share capital of 10,000,300 common shares at Baht 18 each was registered on January 9, 2006. As at December 31, 2005 and 2004, the balance of unexercised warrants are 18,046,200 units and 30,145,700 units, respectively. One unit of warrant is entitled to purchase one common share. As at December 31, 2005 and 2004, the Company was obligated to reserve 18,046,200 common shares and 30,145,700 common shares, respectively, at Baht 18 each for the exercise of the remaining warrants to purchase common shares.

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ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

14. EARNINGS PER SHARE Earnings per share as at December 31, 2005 and 2004 consist of: Net profit In Thousand Baht

Basic earnings per share Net profit Effect of conversion of all dilutive potential common shares Warrants Diluted earnings per share Net profit attributable to common shareholders assuming the conversion into common shares

2005

2004

203,601

183,227

203,601

183,227

Weighted average number of common shares Thousand Shares 2005 2004

Earnings per share Baht 2005

2004

75,941

72,304

2.68

2.53

4,212

7,723

80,153

80,027

2.54

2.29

15. TRANSACTIONS WITH RELATED PARTIES A portion of the Company’s business is represented by transactions with its related companies. The relationship may be by shareholding or the companies may have the same group of shareholders or directors. Therefore, the financial statements reflect the effects of these transactions on the basis determined by the Company and related companies. Transactions with related parties for the years are as follows: Consolidated 2005 2004 Subsidiaries Rental income from buildings and equipment Other income Interest income Share of profits from investments recorded by the equity method Purchases of goods/services

Thousand Baht The Company Only 2005 2004

– – –

230 180 –

4,374 400 35

– –

27,834 41,142

18,206 58,289

Associates Rental income from buildings and equipment Other income Interest income Share of profits from investments recorded by the equity method Purchases of goods/services

788 1,102 –

1,102 2,501 17

788 1,102 –

1,102 2,501 17

4,306 14,135

727 11,646

4,306 14,135

727 11,646

Other Related Parties Rental income from buildings and equipment Directors’ remuneration

2,832 20,252

2,952 22,521

2,832 12,128

2,952 12,176

180

Balances with related parties as at December 31, 2005 and 2004 are as follows: Consolidated 2005 2004 Trade Accounts Receivable (Included in the trade accounts receivable) Associates Other related companies Total Less Allowance for doubtful accounts Total Trade Accounts Receivable - Net

Thousand Baht The Company Only 2005 2004

136 5,656 5,792 (4,909) 883

227 6,007 6,234 (4,909) 1,325

136 4,909 5,045 (4,909) 136

227 4,909 5,136 (4,909) 227

Short-term Loans to Related Parties (interest rate per annum) Subsidiaries S&P Global Co., Ltd. (1.25% - 1.5%) – Seriwat Foods Co., Ltd. (No interest rate) – S&P Kitchen (SDN BHD) Malaysia (No interest rate) 1,785 Other company –

– – 2,758 11

177 5 – –

66 10 – 11

5,655 2,685 3,125

5,655 709 5,173

5,655 2,685 –

5,655 709 –

– 12,655 218 26,123 (18,310) 7,813

137 12,655 – 27,098 (18,310) 8,788

– – – 8,522 (5,655) 2,867

– – – 6,451 (5,655) 796

235 46,249 46,484

241 43,921 44,162

170,830 43,238 214,068

193,990 41,277 235,267

Associates Union Sky S&P Ltd. (No interest rate) HD Distributors (Thailand) Co., Ltd. (No interest rate) Patara Developments SA (6%) (No interest rate) Related company Intermezzo Restaurant Pte. Ltd. (No interest rate) PT Trinugraha Food Industry Co., Ltd. (No interest rate) Other company Less Allowance for doubtful accounts Total Short-Term Loans to Related Parties Investments record by the Equity Method Subsidiaries Associates Total Investments Recorded by the Equity Method

On September 1, 2003, S&P Minor Food Company Limited requested a change for the repayment condition on a long-term loan from S&P Syndicate Public Company Limited, which had a remaining balance at that date in the amount of Baht 2.10 million, from the former condition with quarterly principal repayment not less than the amount of Baht 0.70 million to be changed to quarterly principal repayment in the amount of Baht 0.35 million and the entire loan is to be repaid by December 31, 2004.

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SYNDICATE PUBLIC COMPANY LIMITED

Trade Accounts Payable (Included in trade accounts payable) Subsidiaries Associates Total Short-term loans (interest rate per annum) Subsidiaries: S&P Global Company Limited S&P Kitchen Company Limited (1.5%) Seriwat Foods Company Limited S&P Minor Food Co., Ltd. Associates HD Distributors (Thailand) Company Limited Total

Consolidated 2005 2004

Thousand Baht The Company Only 2005 2004

– 4,000 4,000

– 2,437 2,437

181 3,921 4,102

1,762 2,437 4,199

– – – –

71 20 17 24

10 20 17 42

354 354

395 395

341 473

339 428

Movements of short-term loans to related parties in the consolidated financial statements for the year ended December 31, 2005: Associates Balance as at December 31, 2004 Increase during the year Decrease during the year Balance as at December 31, 2005 Less Allowance for doubtful account Balances - net

3,604 21,220 (20,136) 4,688 – 4,688

In Thousand Baht Other related Total parties 23,494 1,413 (3,472) 21,435 (18,310) 3,125

27,098 22,633 (23,608) 26,123 (18,310) 7,813

Movements of short-term loans to related parties in the consolidated financial statements for the year ended December 31, 2004: Associates Balance as at December 31, 2003 Increase during the year Decrease during the year Balance as at December 31, 2004 Less Allowance for doubtful account Balances - net

9,587 26,786 (32,769) 3,604 – 3,604

182

In Thousand Baht Other related Total parties 20,832 6,685 (4,023) 23,494 (18,310) 5,184

30,419 33,471 (36,792) 27,098 (18,310) 8,788

Movements of short-term loans to related parties in the Company’s financial statements for the year ended December 31, 2005:

Balance as at December 31, 2004 Increase during the year Decrease during the year Balance as at December 31, 2005

Subsidiaries

Associates

76 13,880 (13,774) 182

709 20,464 (18,488) 2,685

In Thousand Baht Other related Total parties 11 106 (117) –

796 34,450 (32,379) 2,867

Movements of short-term loans to related parties in the Company’s financial statements for the year ended December 31, 2004:

Balance as at December 31, 2003 Increase during the year Decrease during the year Balance as at December 31, 2004

Subsidiaries

Associates

5,189 41,381 (46,494) 76

3,064 22,598 (24,953) 709

In Thousand Baht Other related Total parties 99 880 (968) 11

8,352 64,859 (72,415) 796

Movements of short-term borrowings from related parties in the consolidated financial statements of the Company and subsidiaries for the year ended December 31, 2005: Associates Balance as at December 31, 2004 Increase during the year Decrease during the year Balance as at December 31, 2005

395 4,084 (4,125) 354

In Thousand Baht Other related Total parties – – – –

395 4,084 (4,125) 354

Movements of short-term borrowings from related parties in the consolidated financial statements of the Company and subsidiaries for the year ended December 31, 2004: Associates Balance as at December 31, 2003 Increase during the year Decrease during the year Balance as at December 31, 2004

1,589 3,902 (5,096) 395

183

In Thousand Baht Other related Total parties – – – –

1,589 3,902 (5,096) 395

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

Movements of short-term borrowings from related parties in the Company’s financial statements for the year ended December 31, 2005: Subsidiaries Balance as at December 31, 2004 Increase during the year Decrease during the year Balance as at December 31, 2005

47 485 (399) 133

In Thousand Baht Associates Total 381 4,084 (4,125) 340

428 4,569 (4,524) 473

Movements of short-term borrowings from related parties in the Company’s financial statements for the year ended December 31, 2004: Subsidiaries Balance as at December 31, 2003 Increase during the year Decrease during the year Balance as at December 31, 2004

643 6,959 (7,555) 47

In Thousand Baht Associates Total 1,576 3,902 (5,097) 381

2,219 10,861 (12,652) 428

16. LEGAL RESERVE The legal reserve is an amount to be provided as a reserve fund as prescribed by law. The Company has to allocate not less than five percent of its annual profits less the accumulated losses brought forward (if any) to the reserve fund until this fund attains an amount not less than ten percent of the registered capital. The legal reserve may not be used for dividend payment. 17. APPROPRIATION OF EARNINGS AND DIVIDEND On April 19, 2005, the Company’s Ordinary Shareholders’ Meeting unanimously approved a dividend payment for 74,854,300 shares at Baht 1.50 per share totalling Baht 112,281,450 to be paid within May 9, 2005. Subsequently, on August 10, 2005, the Company’s Directors’ Meeting passed a resolution to pay interim dividend to shareholders of 76,898,100 shares, at Baht 0.50 per share totalling Baht 38,449,050. The payment was made within September 9, 2005. On April 16, 2004, the Company’s Ordinary Shareholders’ Meeting unanimously approved a dividend payment for 71,777,000 shares at Baht 1.90 per share, totalling Baht 136,376,300 to be paid within May 14, 2004. In addition, the meeting also approved the appropriation of legal reserve amounting to Baht 888,500. Subsequently, on August 11, 2004, the Company’s Directors’ Meeting passed a resolution to pay interim dividend to shareholders of 72,083,900 shares, at Baht 0.50 per share totalling Baht 36,041,950. The payment was made within September 9, 2004.

184

18. DISCLOSURE OF FINANCIAL INSTRUMENTS The Company presents and discloses financial instruments as follows: 18.1 Accounting Policies Details of significant accounting policies are disclosed in Note 3. 18.2 Credit Risk Credit risk refers to the risk that counterparts will default on its trading terms and conditions resulting in collection to the Company. Concentrations of credit risk are limited since the Company has adopted the policy of dealing with creditworthy counterparty as a mean of mitigating the risk of financial losses from defaults. In case of recognized financial assets in the balance sheet the carrying amounts of the assets recorded in the balance sheet represent the Companyâ&#x20AC;&#x2122;s maximum exposure to credit risk. 18.3 Interest Rate Risk Interest rate risk arises from the potential for a change in interest rate to have an adverse effect on the Company in the current reporting period and in future years. The Company does not expect to incur material incremental effect on its interest expenses because loan of the Company is insignificant amount. 18.4 Foreign Exchange Risk Foreign exchange risk arises from the potential for a change in foreign exchange rate to have an adverse effect on the Company in the current reporting period and in future years. The Company does not expect to incur material incremental effect on its financial assets or liabilities in foreign currency as the majority of its businesses are engaged in Thai Baht. 18.5 Estimated Fair Value of Financial Instruments Thai Accounting Standard No. 48 â&#x20AC;&#x153;Financial Instruments Disclosure and Presentationâ&#x20AC;? requires certain fair value disclosures. Considerable judgement is necessarily required in estimation of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amount that could be realized in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value. The following methods and assumptions were used by the Company in estimating fair value of financial instruments: Cash and cash equivalents, current investments, trade accounts receivable, current portion of long-term loans to related parties, short-term loans to related parties, bank overdraft and short-term loans from financial institutions, trade accounts payable and short-term loans from related parties; the carrying values approximate their fair values due to the relatively short period to maturity. Investment in related parties: fair value for investments are as disclosed in note 3.

185

S&P

ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

19. SEGMENT INFORMATION The Company and its subsidiaries have been engaged in the food and bakery business. All business activities of the Company and its subsidiaries shall be classified by segments, based on revenues and results of operations, for each of years ended December 31, 2005 and 2004 for the Company and its subsidiaries as follows: For the year ended December 31, 2005: Classified by Geographical Areas Revenues Net profit Assets

Local

Overseas

Thousand Baht Total

2,775,485 179,330 1,838,346

639,627 24,271 246,189

3,415,112 203,601 2,084,535

For the year ended December 31, 2004: Classified by Geographical Areas

Thousand Baht Overseas Total

Local

Revenues Net profit Assets

2,557,516 174,005 1,531,186

486,289 9,222 217,703

3,043,805 183,227 1,748,889

20. ASSETS USED AS COLLATERAL As at December 31, 2005 and 2004, cash at banks of the Company in the approximate amount of Baht 2.54 million was pledged as collateral against letters of guarantee from a bank for electricity usage (see Note 21). As at December 31, 2005 and 2004, a fixed deposit of a subsidiary in the approximate amount of Baht 21.99 million and Baht 22.52 million, respectively has been used as collateral against loan from a financial institution of a foreign subsidiary company. 21. OBLIGATIONS AND CONTINGENT LIABILITIES As at December 31, 2005 and 2004 the Company and its subsidiaries had obligations and contingent liabilities as follows: a. Commitments to pay rental under long-term lease contracts and hire purchase contracts as follows: Within 2-5 Over Total Currencies 1 Year Years 5 Years 2005 2004 2005 2004 2005 2004 2005 2004 Branch rental expenses

Lease and hire-purchase vehicle expenses

Million Baht Million Pound Sterling Million Baht

133.60 124.40 203.38 151.62

35.00

44.87 371.98 320.89

0.38

1.46

1.54

1.23

1.53

3.07

3.45

3.23

3.43

3.63

6.03

â&#x20AC;&#x201C;

6.86

9.46

186

b. As at December 31, 2005 and 2004, the Company had outstanding capital commitments relating to hire and purchase of materials for the construction of a new factory and branches in the amount of Baht 63.84 million and Baht 48.34 million, respectively. c. As at December 31, 2005 and 2004, an obligation under a letter of guarantee issued by the commercial banks for electricity usage amounting to Baht 8.38 million and Baht 8.90 million, respectively (see Note 20). d. Amounts of unutilized loan facilities are as follows:

Short-term loans Bank overdrafts Letters of guarantee FOREX Line Total

In Million Baht 2005 2004

In Million Pound Sterling 2005 2004

In Million US Dollars 2005 2004

395 91 78 – 564

– 0.40 – – 0.40

– – – 5.30 5.30

465 91 93 – 649

0.20 0.25 – – 0.45

– – – 5.30 5.30

e. Commitment from guarantee for the credit facilities of a subsidiary company in the amount of Baht 1.50 million, for the years 2005 and 2004. 22. RECLASSIFICATIONS Certain accounts in the financial statements for the year ended December 31, 2004 have been reclassified to conform with the financial statement presentation for the year ended December 31, 2005. 23. APPROVAL OF THE FINANCIAL STATEMENTS These financial statements have been approved by the authorized director of the Company on February 17, 2006.

187

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ANNUAL REPORT 2005

SYNDICATE PUBLIC COMPANY LIMITED

GENERAL CORPORATE INFORMATION AND OTHER REFERENCES Company name

S&P Syndicate Public Company Limited

Primary business

Restaurant and bakery shop chain operator; producer of cakes, breads, baked goods, Thai desserts prepared frozen foods and bakery products; provider of home delivery and outside catering services; investor and operator of Thai restaurants abroad.

Registered capital

525,000,000 Baht (Five hundred and twenty-five Million Baht), comprising 105 million ordinary shares with a par value of 5 Baht per share.

Issued and paid-up capital

434,769,000 Baht (Four hundred and thirty-four million, seven hundred and sixty-nine thousand Baht)

Head Office

457-457/6 Sukhumvit 55 (Soi Thonglor), Sukhumvit Road, North Klongtan Sub-District, Vadhana District, Bangkok 10110

Telephone

(02) 381-3412-29

Facsimile

(02) 381-2790

Homepage

www.sandp.co.th www.snpfood.com

Registrar

Thailand Securities Depository Centre CAPITAL MARKET ACADEMY BUILDING 2/7 Moo 4, (North Park Project) Vibhavadi-Rangsit Road Tung Song Hong, Laksi, Bangkok 10210 Thailand Telephone (02) 596-9000 Facsimile (02) 832-4994-6

Corporate auditors

Deloitte Touche Tomasu Chaiyos Co., Ltd. Ratchanakarn Building, 25th Floor 183 South Sathon Road, Yannawa Sub-district, Sathon District, Bangkok 10120 Telephone (02) 670-5700 Facsimile (02) 676-5757 Auditor in charge : Mr. Permsak Jerajakwanna Certified Public Accountant, Registration Number 3427

Legal counsel

Dr. Suvarn Valaisathien Law Office 68 Soi 8, Sukhumvit Road, Klongtoey, Bangkok 10110 Telephone (02) 253-3427 Facsimile (02) 653-1135

188