SPALI: Annual Report 2002 THAI by shareinvestor shareinvestor

∫â“π»ÿ¿°√—≥¬å Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

1 ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π„π√Õ∫ 3 ªï Financial Statement of 3 Years Àπà«¬ : ≈â“π∫“∑ (¬°‡«âπ√“¬°“√∑’Ë‡∑’¬∫‡ªìπ√“¬Àÿâπ) Baht in Million (except per share amount) ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π FINANCIAL DATA ‘π∑√—æ¬å√«¡ Total Assets Àπ’È ‘π√«¡ Total Debt à«π¢ÕßºŸâ∂◊ÕÀÿâπ Shareholdersû Equity √“¬‰¥â®“°°“√¢“¬ ·≈–√—∫ª≈Ÿ° √â“ß Sales and Construction Income √“¬‰¥â®“°°“√∫√‘°“√ Service Income √“¬‰¥â√«¡ Total Revenues °”‰√¢—Èπµâπ Gross Profit °”‰√(¢“¥∑ÿπ)®“°°“√ª√—∫‚§√ß √â“ßÀπ’È Gain(Loss) on Restructuring Debt °”‰√ ÿ∑∏‘ Net Profit Õ—µ√“ à«π∑“ß°“√‡ß‘π Financial Ratio °”‰√ ÿ∑∏‘µàÕ√“¬‰¥â√«¡ (%) Net Profit Margin (%) Õ—µ√“º≈µÕ∫·∑π„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ (%) Return on Equity (%) Õ—µ√“º≈µÕ∫·∑π®“° ‘π∑√—æ¬å√«¡ (%) Return on Assets (%) Õ—µ√“ à«π°“√À¡ÿπ‡«’¬π ‘π∑√—æ¬å√«¡ Total Assets Turnover (%) ®”π«πÀÿâπ (≈â“πÀÿâπ) Shares (Million) °”‰√ ÿ∑∏‘µàÕÀÿâπ (∫“∑) Earning per Share (Baht) ‡ß‘πªíπº≈µàÕÀÿâπ (∫“∑) Dividend per Share (Baht) ¡Ÿ≈§à“Àÿâπµ√“‰«â (∫“∑) Par Value (Baht) ¡Ÿ≈§à“µ“¡∫—≠™’ (∫“∑) Book Value per Share (Baht) ¡Ÿ≈§à“ ‘π∑√—æ¬å ÿ∑∏‘µàÕÀÿâπ (∫“∑) Net Assets Value (Baht) À¡“¬‡Àµÿ : * ª√—∫ª√ÿß„À¡à / Remark : * Restatement

2545 2002 5,370.95

2544* 2001* 6,092.40

2543* 2000* 6,691.23

3,498.58

5,165.90

6,660.69

1,872.37

926.49

30.53

1,710.82

670.52

745.25

112.52

105.44

83.09

2,273.00

956.10

1,194.03

570.00

199.87

225.97

465.72

786.85

422.61

949.05

737.40

(185.57)

41.75%

77.13%

(15.54) %

67.82%

154.10%

(36.13) %

16.56%

11.54%

(2.33) %

39.66%

14.96%

15.00%

649.72

64.64

56.89

1.47

12.14

(3.60)

1.00

10.00

2.88

14.33

0.54

3.92

2.48

1.17

“√®“°ª√–∏“π°√√¡°“√∫√‘À“√

Message from The President

ªï 2545 π—∫‰¥â«à“‡ªìπªï·Ààß°“√øóôπµ—«Õ¬à“ß·∑â®√‘ß¢Õß∏ÿ√°‘®Õ —ßÀ“√‘¡∑√—æ¬å ‚¥¬ —ß‡°µÿ‰¥â®“°¬Õ¥§«“¡µâÕß°“√∑’Ëæ—°Õ“»—¬¢ÕßºŸâ∫√‘‚¿§∑’Ë¬—ß§ß‡æ‘Ë¡ Ÿß¢÷ÈπÕ¬à“ßµàÕ‡π◊ËÕß ´÷Ëß§√Õ∫§≈ÿ¡‰ª¬—ß∑’Ëæ—°Õ“»—¬∑ÿ°ª√–‡¿∑ ‰¡à«à“®–‡ªìπ∫â“π‡¥’Ë¬« ∑“«πå‡Œâ“ å ∫â“π·Ω¥ À√◊ÕÕ“§“√™ÿ¥ ¥â«¬°√–· §«“¡µâÕß°“√¢ÕßºŸâ∫√‘‚¿§∑’Ë¡’Õ¬à“ß¡“°π’È‡Õß„πªï 2545 ∑’Ëºà“π¡“ ‘π§â“∑ÿ°ª√–‡¿∑„πÀ≈“¬Ê ‚§√ß°“√¢Õß∫√‘…—∑®÷ß‰¥â√—∫§«“¡π‘¬¡ ·≈– ¡’¬Õ¥¢“¬∑’Ë¥’ ®÷ß∑”„Àâ∫√‘…—∑œ µâÕß¢¬“¬°”≈—ß°“√º≈‘µ ·≈–‡æ‘Ë¡‚§√ß°“√„À¡à„πÕ’°À≈“¬∑”‡≈ ·≈–§«∫§Ÿà‰ª°—∫°“√‡æ‘Ë¡ª√‘¡“≥ ‘π§â“ ∫√‘…—∑œ ¬—ß‰¥â∑”°“√æ—≤π“ §ÿ≥¿“æ ‘π§â“ ·≈–∫√‘°“√ ®π‰¥â√—∫‡§√◊ËÕßÀ¡“¬√—∫√Õß§ÿ≥¿“æ‚§√ß°“√¡“µ√∞“π ‘π§â“ ISO 9001 version 1994 ·≈–°”≈—ß®–‰¥â√—∫°“√√—∫√Õß ISO version 2000 „πªïπ’È º≈ª√–°Õ∫°“√¢Õß∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) „πªï 2545 ∑’Ëºà“π¡“¡’º≈ª√–°Õ∫°“√∑’Ë¥’‡¥àπ ‡¡◊ËÕ‡∑’¬∫°—∫∫√‘…—∑æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å∑’Ë ®¥∑–‡∫’¬π„πµ≈“¥À≈—°∑√—æ¬å¥â«¬°—π °≈à“«§◊Õ √“¬√—∫¡“°°«à“‡©≈’Ë¬ ·≈–¡’√“¬®à“¬πâÕ¬°«à“‡©≈’Ë¬ ¬Õ¥√“¬‰¥â¬Õ¥√«¡¢Õß∫√‘…—∑œ „πªï 2545 ¡’¬Õ¥√«¡ Ÿß ∂÷ß 2,559.3 ≈â“π∫“∑ Ÿß ÿ¥π—∫µ—Èß·µà ‰¥â°àÕµ—Èß∫√‘…—∑œ¡“„πªï 2532 ·≈– Ÿß°«à“√“¬‰¥â√«¡¢Õß∫√‘…—∑œ„πªï 2539 ªï°àÕπ∑’Ë‡»√…∞°‘®ª√–‡∑»‰∑¬®–‡¢â“ Ÿà ¿“«– ∂¥∂Õ¬ πÕ°®“°π’È ∫√‘…—∑œ¬—ß¡’ ∂“π¿“æ∑“ß°“√‡ß‘π∑’Ë·¢Áß·°√àß ¡’ ¿“æ§≈àÕß Ÿß ¡’Àπ’È ‘π≈¥≈ß ‚¥¬¡’Àπ’È ‘π‡À≈◊Õ‡æ’¬ß 3,372.2 ≈â“π∫“∑ „πªï 2545 ‚¥¬ Õ—µ√“ à«πÀπ’È ‘πµàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ‰¥â≈¥≈ß‡À≈◊Õ 1.68 ‡∑à“„πªï 2545 ·≈–§“¥«à“®–≈¥≈ßÕ’°„πªïπ’È ªï 2546 π’È¬—ß‡ªìπªï∑’Ë¡’°“√‡®√‘≠‡µ‘∫‚µÕ¬à“ßµàÕ‡π◊ËÕß¢Õß∏ÿ√°‘®Õ —ßÀ“√‘¡∑√—æ¬å ‡æ√“–¡’ªí®®—¬ π—∫ πÿπÕ¬ŸàÀ≈“¬ª√–°“√ ‡™àπ §«“¡µâÕß°“√∑’ËÕ¬ŸàÕ“»—¬ ∑’¡Ë ¡’ “°°«à“ ‘π§â“∑’¡Ë Õ’ ¬Ÿà„πªí®®ÿ∫π— Õ—µ√“¥Õ°‡∫’¬È ‘π‡™◊ÕË ∑’ÕË ¬ŸÕà “»—¬¬—ß§ßÕ¬Ÿà„π√–¥—∫µË” °“√¬◊¥√–¬–‡«≈“°“√≈¥¿“…’ ·≈–§à“∏√√¡‡π’¬¡°“√‚Õπ°√√¡ ‘∑∏‘Ï‰ª∂÷ßª≈“¬ ªïπ’È √“¬‰¥â¢Õßª√–™“°√µàÕ§√Õ∫§√—«∑’Ë¡’ Ÿß¢÷Èπµ“¡ ¿“«–‡»√…∞°‘®∑’Ëøóôπµ—«‚¥¬¡’Õ—µ√“°“√«à“ßß“π∑’Ë≈¥≈ßÕ¬à“ßµàÕ‡π◊ËÕß ‡ªìπµâπ Õ¬à“ß‰√°Áµ“¡ ¬—ß¡’µ—«·ª√„π ‡√◊ËÕß¢Õßµâπ∑ÿπ°“√º≈‘µÕ—π‰¥â·°à«— ¥ÿ°àÕ √â“ß ·≈–ºŸâ√—∫‡À¡“ ∑’Ë√“§“∂’∫µ—« Ÿß¢÷Èπ ‡ªìπªí®®—¬ ”§—≠Õ“® àßº≈°√–∑∫∫â“ß„π à«π¢Õßµâπ∑ÿπ°“√¥”‡π‘π°“√ „ππ“¡¢Õß∫√‘…—∑œ ¢Õ¢Õ∫§ÿ≥∑à“πºŸâ∂◊ÕÀÿâπ ≈Ÿ°§â“ ºŸâ¡’Õÿª°“√–§ÿ≥ ∑à“π°√√¡°“√·≈–∑’Ëª√÷°…“ µ≈Õ¥®πæπ—°ß“π∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ∑ÿ° ∑à“π ∑’Ë ‰¥â „Àâ§«“¡√à«¡¡◊Õ√à«¡„® ·≈–°“√ π—∫ πÿπ∑’Ë¥’µ≈Õ¥¡“„π°“√∫√‘À“√ß“πµ≈Õ¥ªï 2545 ∑’Ëºà“π¡“π’È ·≈–À«—ß«à“ ®–‰¥â√—∫§«“¡‰«â«“ß„®·≈–‰¥â√—∫§«“¡ √à«¡¡◊Õ∑’Ë¥’µ≈Õ¥‰ª„π«—π¢â“ßÀπâ“ ‡æ◊ËÕπ”æ“∫√‘…—∑¢Õß‡√“„Àâ§ßÕ¬Ÿà „π∞“π–∫√‘…—∑æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å™—Èππ”¢Õßª√–‡∑»‰∑¬µàÕ‰ª

ª√–∑’ª µ—Èß¡µ‘∏√√¡ ª√–∏“π°√√¡°“√∫√‘À“√ Year 2002 can be referred to as the year of real Real Estate recovery. It is noticeable from the expanding demand for housing in the market. This includes all kinds of residential units, such as single detached house, town house, duplex house and condominium. With such huge demand, there were various products in numerous projects of the company which receive exceptional receptions from the customers, reflecting in the companyûs outstanding sales volume. In order to stay competitive in the market, the company had to increase its productivity and start new projects in difference locations. Together with increasing number of products, the company has continuously developed its service and product quality, which led to ISO 9001 certificate version 1994, and soon to receive ISO 9001 version 2000 this year. The overall performance of Supalai Public Company Limited in year 2002 was above satisfactory level compared to other listed real estate companies. The total revenue in 2002 was as high as 2,559.3 million baht, highest since the formation of the company in 1989, even higher than total revenue in 1996, the year before Thai economy crisis. Furthermore, the financial status of the company was rather impressive. The liquidity was high, while its liability was reduced to only 3,372.2 million baht in 2002. The debt to equity ratio was kept at 1.68 with a view of further reduction. Year 2003 is seen as another year with positive signs of growth in real estate industry. There are a number of supporting factors such as exceeding purchasing demand than current supply of housing, low loan interest rate, extension of reduced related tax rates and transfer fees, and higher income per household reflecting the rising state of economy and low unemployment rate. However, certain factors, for example, increased production costs occurred from higher construction material cost, can create negative impacts on the performance of the sector. In the name of Supalai Public Company Limited would like to thank the following parties involved, the shareholders, customers, board of directors, advisors, and all Supalai employees, who all took part throughout the successful year 2002. I hope that the same kind of trust and co-operation will endure to lead Supalai Public Company Limited as a leading real estate company in Thailand for a long time to come.

Prateep Tangmatitham President

2 ∫â“π»ÿ¿®“√’ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿®‘µ√“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

3 §≥–°√√¡°“√·≈–∑’Ëª√÷°…“ The Board of Directors and Advisors √“¬≈–‡Õ’¬¥‡°’Ë¬«°—∫°√√¡°“√¢Õß∫√‘…—∑·≈–∑’Ëª√÷°…“ ™◊ËÕ - µ”·Àπàß Name - Position

Õ“¬ÿ (ªï) —≠™“µ‘ Age Nationality

§ÿ≥«ÿ≤‘ Education

ª√–«—µ‘°“√∑”ß“π Experience 2532 - ªí®®ÿ∫—π - ª√–∏“π°√√¡°“√∫√‘…—∑ ·≈– ª√–∏“π°√√¡°“√∫√‘À“√ ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) - ª√–∏“π°√√¡°“√·≈–°√√¡°“√ ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ - °√√¡°“√ ∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ - ∑’Ëª√÷°…“ ∫√‘…—∑ ¡—Ëπ§ß‡§À–°“√ ®”°—¥ (¡À“™π) 2541 - ‡¡…“¬π 2543 - π“¬° ¡“§¡Õ“§“√™ÿ¥‰∑¬ 2532 - ªí®®ÿ∫—π - √Õßª√–∏“π°√√¡°“√·≈–°√√¡°“√∫√‘À“√ ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) - °√√¡°“√ ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ ∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ 2519 - 2532 - ºŸâ∫√‘À“√∑“ß¥â“π°“√‡ß‘π·≈–∫—≠™’ ∫√‘…—∑ ‰Õ∫’‡ÕÁ¡ (ª√–‡∑»‰∑¬) ®”°—¥ 2516 - 2517 - Õ“®“√¬åª√–®”§≥–æ“≥‘™¬å»“ µ√å ·≈–°“√∫—≠™’ ¡À“«‘∑¬“≈—¬∏√√¡»“ µ√å 2542 - ªí®®ÿ∫—π - ∑’Ëª√÷°…“§≥–°√√¡°“√®—¥°“√ - °√√¡°“√ ·≈– ∑’Ëª√÷°…“§≥–°√√¡°“√®—¥°“√ ∏π“§“√ ‰∑¬æ“≥‘™¬å ®”°—¥ (¡À“™π) - °√√¡°“√·≈–ª√–∏“π°√√¡°“√µ√«® Õ∫ ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) 2535 - 2542 - °√√¡°“√·≈–√ÕßºŸâ®—¥°“√„À≠à ∏π“§“√ ‰∑¬æ“≥‘™¬å ®”°—¥ (¡À“™π) 2533 - ªí®®ÿ∫—π - °√√¡°“√ ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ - §≥–∫¥’ §≥–æ“≥‘™¬å»“ µ√å°“√∫—≠™’ ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ - ª√–∏“π ”π—°ß“π Õ∫∫—≠™’ ¥√.«‘√—™·Õπ¥å·Õ ‚´´‘‡Õ∑ å

1 π“¬ª√–∑’ª µ—Èß¡µ‘∏√√¡ * ª√–∏“π°√√¡°“√ ·≈– ª√–∏“π°√√¡°“√∫√‘À“√ Mr.Prateep Tangmatitham Chairman of the Board and President

‰∑¬

- M.Arch. (Hons.) (Housing) University of Illinois at Urbana-Champaign U.S.A

2 π“ßÕ—®©√“ µ—Èß¡µ‘∏√√¡ * √Õßª√–∏“π°√√¡°“√ ·≈– °√√¡°“√∫√‘À“√ Mrs.Ajchara Tangmatitham Vice President and Director

‰∑¬

- M.S. in Finance University of Illinois at Urbana-Champaign U.S.A

3 π“¬ª√–°‘µ ª√–∑’ª–‡ π °√√¡°“√·≈–ª√–∏“π°√√¡°“√µ√«® Õ∫ Mr.Prakit Pradipasen Director, Chairman of the Audit Committee

‰∑¬

- Master of Business Administration, Wayne State University, Detroit, Michigan, U.S.A.

4 ¥√.«‘√—™ Õ¿‘‡ ¡∏’∏”√ß °√√¡°“√Õ‘ √– Dr.Virach Aphimeteetamrong Independent Director

‰∑¬

- Ph.D (Finance) University of Illinois at Urbana-Champaign U.S.A

™◊ËÕ - µ”·Àπàß Name - Position

Õ“¬ÿ (ªï) —≠™“µ‘ Age Nationality

§ÿ≥«ÿ≤‘ Education

5 π“¬Õπ—πµå ‡°µÿæ‘∑¬“ °√√¡°“√·≈–°√√¡°“√µ√«® Õ∫ Mr.Anant Katepittaya Director, Member of the Audit Committee

‰∑¬

- ∫√‘À“√∏ÿ√°‘®¡À“∫—≥±‘µ ¡À“«‘∑¬“≈—¬∏√√¡»“ µ√å - Master of Management Sasin Graduate of Institution of Business Administration of Chulalongkorn University

6 ¥√.ª√–»“ πå µ—Èß¡µ‘∏√√¡ °√√¡°“√ Dr.Prasas Tangmatitham Director

‰∑¬

- Ph.D. (Economics), Universityof Hawii at Manoa - Research Student, The Japanese Government Scholarship at Kobe University - Master of Economics (English Program), Thammasat University

7 π“¬ª√– æ πÕß™“µ‘ °√√¡°“√Õ‘ √– Mr.Prasob Snongjati Independent Director

‰∑¬

- B.Comm. (Accounting); Cert. Industrial Development; IBM Advance Management

8 π“¬Õ∏‘ª æ’™“ππ∑å * °√√¡°“√·≈–√Õß°√√¡°“√ºŸâ®—¥°“√ Mr.Atip Bijanonda Director and Deputy Managing Director

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- M.B.A (Finance) Mercer University, U.S.A. - M.B.A (Intûl Bus.) Georgia State University

ª√–«—µ‘°“√∑”ß“π Experience - °√√¡°“√ ∫√‘…—∑ ‡¡‚∑√´‘ ‡µÁ¡ §Õ√åªÕ‡√™—Ëπ ®”°—¥ (¡À“™π) 2531 - 2532 - ºŸâÕ”π«¬°“√»Ÿπ¬åΩñ°Õ∫√¡·≈– ∫√‘°“√∑“ß«‘™“°“√ §≥–æ“≥‘™¬å»“ µ√å·≈–°“√∫—≠™’ ®ÿÃ“≈ß°√≥å¡À“«‘∑¬“≈—¬ 2542 - ªí®®ÿ∫—π - °√√¡°“√ºŸâ®—¥°“√ ∫√‘…—∑ ‡Õ ‡Õ ®’ §Õπ´—≈·µπ∑å ®”°—¥ 2543 - ªí®®ÿ∫—π - ª√–∏“π°√√¡°“√∫√‘…—∑ ∫√‘…—∑ ®—¥À“ß“π ‡¥Õ–∫‘≈‡≈’Ë¬π ‚´≈Ÿ™—Ëπ ®”°—¥ - °√√¡°“√·≈–°√√¡°“√µ√«® Õ∫ ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) 2541 - 2542 - ºŸâµ√«®°“√ Õß§å°“√‡æ◊ËÕ°“√ªÆ‘√Ÿª√–∫∫ ∂“∫—π°“√‡ß‘π 2531 - 2540 - °√√¡°“√√ÕßºŸâ®—¥°“√ ∫√‘…—∑‡ß‘π∑ÿπÀ≈—°∑√—æ¬å ‡Õ ´’ ‡Õø ®”°—¥ (¡À“™π) 2544 - ªí®®ÿ∫—π - °√√¡°“√ ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) 2543 - 2544 - √—°…“°“√ºŸâ®—¥°“√ ”π—°ß“π®—¥°“√∑√—æ¬å ‘π ¡À“«‘∑¬“≈—¬∏√√¡»“ µ√å 2537 - 2543 - °√√¡°“√ºŸâ®—¥°“√ ∫√‘…—∑ ∫√‘¥®å ¥’‡«≈≈Õª‡¡âπ∑å ®”°—¥ ∫√‘…—∑ ø“√åÕ’ ∑å æ√ÁÕæ‡æÕ√åµ’È ¥’‡«≈≈Õª‡¡âπ∑å ®”°—¥ 2536 - ªí®®ÿ∫—π - °√√¡°“√ ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) 2533 - ªí®®ÿ∫—π - °√√¡°“√ºŸâ®—¥°“√ ∫√‘…—∑ ‡´∑‡∑‘√åπ ·¡‡π®‡¡âπ∑å ®”°—¥ 2532 - 2533 - °√√¡°“√ºŸâ®—¥°“√ Nation Publishing Group 2535 - ªí®®ÿ∫—π - °√√¡°“√·≈–√Õß°√√¡°“√ºŸâ®—¥°“√ ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) 2529 - 2535 - ∫√‘…—∑ ‰Õ∫’‡ÕÁ¡ (ª√–‡∑»‰∑¬) ®”°—¥ 2528-2529 - ∫ß≈. ∑‘ ‚°â ®”°—¥ (¡À“™π)

4 ∫â“π»ÿ¿≥—∞ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿¥√—≈ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

5 ™◊ËÕ - µ”·Àπàß Name - Position 9 π“ßæ‘°ÿ≈ «‘≈“ ‘π’«√√≥ °√√¡°“√·≈–°√√¡°“√µ√«® Õ∫ Mrs.Pikul Vilasineewan Director, Member of the Audit Committee

Õ“¬ÿ (ªï) —≠™“µ‘ Age Nationality 54

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§ÿ≥«ÿ≤‘ Education - B.A.(Accounting) Chulalongkorn University

ª√–«—µ‘°“√∑”ß“π Experience 2542 - ªí®®ÿ∫—π - °√√¡°“√ ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) 2532 - 2545 - ºŸâ®—¥°“√ΩÉ“¬ª√–°—π¿—¬‡∫Á¥‡µ≈Á¥·≈– µà“ßª√–‡∑» ∫√‘…—∑ §ÿâ¡‡°≈â“ª√–°—π¿—¬ ®”°—¥ (¡À“™π)

À¡“¬‡Àµÿ : * ™◊ËÕ·≈–®”π«π°√√¡°“√´÷Ëß¡’Õ”π“®≈ß≈“¬¡◊Õ™◊ËÕ·∑π∫√‘…—∑ °√√¡°“√ Õß„π “¡§ππ’È≈ß≈“¬¡◊Õ™◊ËÕ√à«¡°—π·≈–ª√–∑—∫µ√“ ”§—≠

√“¬≈–‡Õ’¬¥‡°’Ë¬«°—∫∑’Ëª√÷°…“§≥–°√√¡°“√¢Õß∫√‘…—∑ / Advisors ™◊ËÕ - µ”·Àπàß Name - Position

Õ“¬ÿ (ªï) —≠™“µ‘ Age Nationality

§ÿ≥«ÿ≤‘ Education

ª√–«—µ‘°“√∑”ß“π Experience

1 π“¬∑«’ Àπÿπ¿—°¥’ ∑’Ëª√÷°…“§≥–°√√¡°“√ Mr.Tawee Noonpakdee Advisor to the Board of Directors

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- Hons. Ph.D. in Accounting, 2531 - 2537 Thammasat University - ª√–∏“π°√√¡°“√ ∫√‘…—∑‡ß‘π∑ÿπÀ≈—°∑√—æ¬å ‡Õ ´’ ‡Õø ®”°—¥ (¡À“™π) - °√√¡°“√ ∏π“§“√π§√À≈«ß‰∑¬ ®”°—¥ (¡À“™π) 2523 - 2531 - ºŸâÕ”π«¬°“√ ”π—°ß“πµ√«®‡ß‘π·ºàπ¥‘π

2 π“¬™«π µ—Èß¡µ‘∏√√¡ ∑’Ëª√÷°…“§≥–°√√¡°“√ Mr.Chuan Tangmatitham Advisor to the Board of Directors

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- Bachelor Degree of Business Administration, Ramkhamhaeng University

2516 - ªí®®ÿ∫—π - ª√–∏“π°√√¡°“√∫√‘À“√ ∫√‘…—∑ ¡—Ëπ§ß‡§À–°“√ ®”°—¥ (¡À“™π)

§à“µÕ∫·∑π°√√¡°“√·≈–ºŸâ∫√‘À“√¢Õß∫√‘…—∑ ª√–®”ªï 2545 Remuneration to Company Executive and Directors in 2002

1 §≥–°√√¡°“√ ·≈–§≥–°√√¡°“√µ√«® Õ∫√«¡ 9 ∑à“π ∑’Ëª√÷°…“§≥–°√√¡°“√ 2 ∑à“π 9 Director & Audit Committee, 2 Advisors 2 ºŸâ∫√‘À“√∑ÿ°∑à“π All of executives

¬Õ¥‡ß‘π‡¥◊Õπ√«¡ (∫“∑) Total (Baht)

§à“µÕ∫·∑π (∫“∑) Other remuneration (Baht)

845,000

10,309,600

°“√¥”‡π‘πß“π¢Õß∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑„π‡§√◊Õ „πªï 2545 ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ‰¥â¡’°“√≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑„π‡§√◊Õ ‚¥¬¡’√“¬≈–‡Õ’¬¥¥—ßπ’È 1. ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ ∑ÿπ®¥∑–‡∫’¬π 20 ≈â“π∫“∑ ∫√‘À“√¥Ÿ·≈·≈–®—¥°“√‚√ß·√¡ ¿—µµ“§“√ ∂“πæ—° µ“°Õ“°“»·≈–∫√‘À“√‚§√ß°“√ ªí®®ÿ∫—π¥Ÿ·≈‚√ß·√¡»ÿ¿“≈—¬ ªÉ“ —°√’ Õ√å∑ ·≈–Õ“§“√™ÿ¥»ÿ¿“≈—¬ª“√å§ 2. ∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ ∑ÿπ®¥∑–‡∫’¬π 191.50 ≈â“π∫“∑ ¥”‡π‘π∏ÿ√°‘®æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å„π®—ßÀ«—¥¿“§„µâ∑’Ë¡’»—°¬¿“æ Ÿß ªí®®ÿ∫—πæ—≤π“‚§√ß°“√Õ“‡´’Ë¬π‡∑√¥‡´Áπ‡µÕ√å »Ÿπ¬å∏ÿ√°‘®§√∫«ß®√ Õ.À“¥„À≠à ®. ß¢≈“ 3. ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ ∑ÿπ®¥∑–‡∫’¬π 70 ≈â“π∫“∑ ¥”‡π‘π∏ÿ√°‘®æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å„πæ◊Èπ∑’Ë¿“§µ–«—πÕÕ°‡©’¬ß‡Àπ◊Õ

Operation of Subsidiary and Associated Companies In 2002, The company invested in subsidiary and related companies which detailed are as the following : 1. SUPALAI PROPERTY MANAGEMENT COMPANY LIMITED - with registered capital of 20 million baht, provides the management services of hotels, restaurants, villa projects and property management. Currenty the company manages the Supalai Pasak Resort and hotel in Saraburi Province and Supalai Park Building in Bangkok. 2. HAADYAI NAKARIN COMPANY LIMITED - with registered capital of 191.50 million baht, is presently developing the Asian Trade Center, a large commercial complex in the heart of HaadYai District, Songkhla Province. 3. SUPALAI NORTHEAST COMPANY LIMITED - with registered capital of 70 million baht, invests and developes projects in the Northeastern provinces of Thailand.

‚§√ß √â“ß√“¬‰¥â¢Õß∫√‘…—∑ ·≈–∫√‘…—∑„π‡§√◊Õ Revenue Structure of Subsidiary and Associated Companies (Àπà«¬ : æ—π∫“∑ / In Thousand Baht) ∫√‘…—∑ Company ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) Supalai Public Company Limited

º≈‘µ¿—≥±å/∫√‘°“√ Product/Service

—¥ à«π°“√∂◊ÕÀÿâπ 2545/2002 2544/2001 (√âÕ¬≈–) √“¬‰¥âÀ≈—° √âÕ¬≈– √“¬‰¥âÀ≈—° √âÕ¬≈– Share Holding (%) Main Business % Main Business %

æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å Real Estate Development

∫√‘À“√‚§√ß°“√ Õ“∑‘ ‚√ß·√¡, ∂“πæ—°µ“°Õ“°“», π‘µ‘∫ÿ§§≈Õ“§“√™ÿ¥ Property Managrment such as hotel, villa project, housing condominium ect.

∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ HaadYai Nakarin Company Limited ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ Supalai Northeast Company Limited

∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ Supalai Property Management Co., Ltd.

1,695,462

92.86

700,203

89.60

99.89

46,896

2.57

42,167

5.40

æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å Real Estate Development

49.89

83,499

4.57

39,135

5.00

æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å Real Estate Development

49.86

6 ∫â“π»ÿ¿πÿ™ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿æ—≤πå Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

7 ªï∑Õß·∑â ç∑’ËÕ¬ŸàÕ“»—¬é A truly golden year for housing ‡°◊Õ∫∑ÿ°§π„π«ß —ß§¡‰∑¬µà“ß‡ÀÁπæâÕßµâÕß°—π«à“ ªï 2546 ‡ªìπªï∑Õß¢Õß ç∑’ËÕ¬ŸàÕ“»—¬é Õ¬à“ß·∑â®√‘ß °“√‡ªî¥®Õß ç∫â“π‡Õ◊ÈÕ Õ“∑√é ¢Õß°“√‡§À–·Ààß™“µ‘‡æ’¬ß 4,000 °«à“Àπà«¬ ·µà°≈—∫¡’§π ·Àà ‰ª®Õß∂÷ß‡°◊Õ∫ 200,000 Àπà«¬ ‡ªìπµ—«Õ¬à“ßÀπ÷Ëß∑’Ë π—∫ πÿπ §«“¡‡ÀÁπ¢â“ßµâπ‰¥âÕ¬à“ß¥’¬‘Ëß ∑’®Ë √‘ß·≈â« Õÿµ “À°√√¡ ç∑’ÕË ¬ŸÕà “»—¬é ‰¥â§Õà ¬Ê °√–‡µ◊ÕÈ ß ·≈– ∑¬Õ¬‡ª≈’Ë¬π·ª≈ß‰ª„π∑“ß∑’Ë¥’¢÷ÈπÕ¬à“ßµàÕ‡π◊ËÕß µ—Èß·µà‰µ√¡“ ∑’Ë 4 ¢Õßªï 2541 ·≈–¥’¢÷ÈπÕ¬à“ß™—¥‡®π ®π‡¢â“ Ÿà¿“«–ª°µ‘‡À¡◊Õπ°àÕπ «‘°ƒµ µ—Èß·µàªï 2545 ∑’Ëºà“π¡“ „πªï 2545 ∑’Ëºà“π¡“ §“¥«à“®–¡’¬Õ¥∑’ËÕ¬ŸàÕ“»—¬®¥∑–‡∫’¬π ª√–¡“≥ 36,000 Àπà«¬ ‡æ‘Ë¡¢÷Èπ ®“°ªï 2544 ·≈– 2543 ´÷Ëß¡’ ®”π«π 34,023 Àπà«¬ ·≈– 32,028 Àπà«¬ µ“¡≈”¥—∫ (¥Ÿµ“√“ß 1)

Almost every person in Thai society would have to agree that year 2003 is destined to be çA truly golden year for housingé. The opening of çBaan Ua Arthorné (Government housing units for the low incomes) project from çNational Housing Authorityé for only 4,000 plus units to start with, ended up with nearly 200,000 individuals queuing up to book a place in it, rectifies the above statement. In fact, the Real Estate industry has slowly been climbing up the chart positively since the fourth quarter of year 1998, and improving adherently until reaching the similar state as it was before the economy crisis since 2002. For year 2002, there were expected to be around 36,000 newly registered residential units, pinched up from 34,023 units in 2001 and 32,028 units in 2000 respectively. (See table 1)

µ“√“ß 1 : ®”π«π∑’ËÕ¬ŸàÕ“»—¬®¥∑–‡∫’¬π‡æ‘Ë¡¢÷Èπ„π‡¢µ°√ÿß‡∑æ¡À“π§√·≈–ª√‘¡≥±≈ªï 2535-2546 Table 1 : New registered residential units for Bangkok and Metropolitan

À¡“¬‡Àµÿ : ªï 2535 - 2536 ¢âÕ¡Ÿ≈°√ÿß‡∑æœ ·≈– 3 ®—ßÀ«—¥ª√‘¡≥±≈ ªï 36 - ªí®®ÿ∫—π ¢âÕ¡Ÿ≈°√ÿß‡∑æœ ·≈– 5 ®—ßÀ«—¥ª√‘¡≥±≈ ªï 2545 µ—«‡≈¢ª√–¡“≥°“√ (9 ‡¥◊Õπ·√° ‡æ‘Ë¡¢÷Èπ 26,693 Àπà«¬) ∑’Ë¡“ : ”π—°ß“π‡¢µ„π°√ÿß‡∑æ¡À“π§√ ‡∑»∫“≈·≈– ”π—°ß“π®—ßÀ«—¥„πª√‘¡≥±≈ √«∫√«¡‚¥¬ : ΩÉ“¬«‘™“°“√·≈–»Ÿπ¬å¢âÕ¡Ÿ≈∑’ËÕ¬ŸàÕ“»—¬ ∏π“§“√Õ“§“√ ß‡§√“–Àå

‡π◊ËÕß®“°®”π«πºŸâª√–°Õ∫°“√æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å≈¥≈ß ®÷ß∑”„Àâ∫√‘…—∑∑’Ë‡À≈◊ÕÕ¬Ÿà®”π«π¡“°∑’Ë¡’¬Õ¥¢“¬‡æ‘Ë¡¢÷Èπ À≈“¬ ‘∫ ‡ªÕ√å‡´Áπµå®“°ªï°àÕπÀπâ“ ·≈–¡’∫“ß∫√‘…—∑∑’Ë¡’¬Õ¥¢“¬‡æ‘Ë¡¢÷Èπ°«à“ 100% ´÷Ëß¡’ ç»ÿ¿“≈—¬é √«¡Õ¬Ÿà¥â«¬

As the number of real estate developers declined, as a result, there were numerous firms who gained a large increase in sales volume compared to the previous year. A few of them more than doubled their sales volume from the year before, çSupalaié is one of those.

µ“√“ß 2 : Õ—µ√“¥Õ°‡∫’È¬‡ß‘π°Ÿâ∑’ËÕ¬ŸàÕ“»—¬≈Õ¬µ—«¢Õß ∏Õ . ·≈–∏π“§“√æ“≥‘™¬åªï 2536-28 æ.¬. 2545 Table 2 : GHBûs and commercial Bank Housing Loan Interest rate 1993-2002

À¡“¬‡Àµÿ : 1) Ÿß ÿ¥ ∏æ. = Õ—µ√“¥Õ°‡∫’È¬‡ß‘π°Ÿâ∑’ËÕ¬ŸàÕ“»—¬ Ÿß ÿ¥¢Õß∏π“§“√æ“≥‘™¬å 2) MLR ∏æ. = Minimum Loan Rate ¢Õß∏π“§“√æ“≥‘™¬å¢π“¥„À≠à 5 ·Ààß 3) Ÿß ÿ¥ ∏Õ . = Õ—µ√“¥Õ°‡∫’È¬ ”À√—∫«ß‡ß‘π°Ÿâ 200,001 - 3,000,000 ∫“∑ 4) µË” ÿ¥ ∏Õ . = Õ—µ√“¥Õ°‡∫’È¬ ”À√—∫«ß‡ß‘π°Ÿâ ‰¡à‡°‘π 200,000 ∫“∑ ✎ ∑’Ë¡“ : ∏π“§“√·Ààßª√–‡∑»‰∑¬ ✎ √«∫√«¡‚¥¬ : à«π¢âÕ¡Ÿ≈∑’ËÕ¬ŸàÕ“»—¬ ΩÉ“¬«‘™“°“√·≈–»Ÿπ¬å¢âÕ¡Ÿ≈∑’ËÕ¬ŸàÕ“»—¬ ∏π“§“√Õ“§“√ ß‡§√“–Àå

‡Àµÿº≈°“√øóôπµ—«Õ¬à“ß™—¥‡®π„πªï∑’Ëºà“π¡“ °Á§◊Õ: 1. Õ—µ√“¥Õ°‡∫’È¬∑’Ë≈¥≈ßµË” ÿ¥‡ªìπª√–«—µ‘°“√≥å ‚¥¬ MLR ¢Õß∏π“§“√æ“≥‘™¬åÕ¬Ÿà∑’Ë 6.5 (¥Ÿµ“√“ß 2) 2. ¿“…’-§à“∏√√¡‡π’¬¡ ¢Õß∫â“π®—¥ √√-Õ“§“√™ÿ¥ §ß„π Õ—µ√“µË” - ¿“…’∏ÿ√°‘®‡©æ“– ≈¥≈ß®“° 3.3 % ‡À≈◊Õ 0.11 % - §à“∏√√¡‡π’¬¡‚Õπ°√√¡ ‘∑∏‘Ï ≈¥≈ß®“° 2.0 % ‡À≈◊Õ 0.01 % - §à“∏√√¡‡π’¬¡®”πÕß ≈¥≈ß®“°1 % ‡À≈◊Õ 0.01 % - π”‡ß‘π¥“«πå´◊ÈÕ∫â“π ·≈–¥Õ°‡∫’È¬ºàÕπ∫â“π‰ªÀ—°≈¥ À¬àÕπ¿“…’‡ß‘π‰¥â ‰¥â 3. °”≈—ß´◊ÈÕºŸâ´◊ÈÕ∫â“π‡æ‘Ë¡¢÷Èπ®“° : - Õ—µ√“¥Õ°‡∫’È¬ºàÕπ∫â“π∑’Ë≈¥µË”≈ßÕ’° - ‡ß‘π‡øÑÕµË” - §à“∑’Ë¥‘π·≈–§à“°àÕ √â“ß∑√ßµ—« - √“¬‰¥âµàÕ§√—«‡√◊Õπ‡æ‘Ë¡¢÷Èπ - ®”π«πºŸ¡â ß’ “π∑”·≈–ºŸªâ √–°—πµπ„π√–∫∫ª√–°—π —ß§¡ ‡æ‘Ë¡¢÷Èπ (¥Ÿµ“√“ß 3)

Major reasons behind such recovery from previous year are: 1. Lowest rate of interest in recent history. MLR of commercial banks is only 6.5% (See table 2) 2. Taxes and fees for housing and condominiums still low for another year. - çSpecial business taxé reduced from 3.3% to 0.11% - Transfer of ownership fee reduced from 2.0% to 0.01% - Mortgage fee reduced from 1% to 0.01% - Down payment for accommodation purchase and housing loan interest can be used to deduct personal income tax. 3. Higher purchasing power from : - Housing loan interest rate further declined. - Low inflation - Land bank and construction costs remain steady. - Income per household increases - Employment rate and number of social security members increase. (See table 3)

8 ∫â“π»ÿ¿¡—≥±‘√“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿√µ“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

9 µ“√“ß 3 : ®”π«πºŸâª√–°—πµπ„π√–∫∫ª√–°—π —ß§¡ Table 3 : Number of Social Security Members

7000000

6000000

5000000

4000000

3000000

2000000

1000000

Feb

May

Aug

Nov

∑’Ë¡“ : ”π—°ß“πª√–°—π —ß§¡

Source : Social security office

„πªï 2546 “¡ªí®®—¬∑’Ë π—∫ πÿπ¥—ß°≈à“«¢â“ßµâπ ¬—ß§ß‡ªìπªí®®—¬ ∫«°Õ¬à“ßµàÕ‡π◊ËÕß ‡π◊ËÕß®“°√—∞∫“≈ ¬—ß§ß‡πâπ π‚¬∫“¬°“√°√–µÿâπ Õ —ßÀ“√‘¡∑√—æ¬å·≈–∑’ËÕ¬ŸàÕ“»—¬ ®÷ß‰¥âª√–°“»¬◊¥Õ“¬ÿ°“√≈¥¿“…’ ·≈–§à“∏√√¡‡π’¬¡ÕÕ°‰ªÕ’° 1 ªï ®π∂÷ßª≈“¬ªï 2546 ·≈–¬—ß‰¥â ª√–°“»°“√≈¥À¬àÕπ¿“…’®“°°“√¢“¬∫â“π‡°à“‡æ◊ÕË ´◊ÕÈ ∫â“π„À¡àÕ°’ ¥â«¬ µ—ßÈ ·µà«°‘ ƒµ‡»√…∞°‘®‡ªìπµâπ¡“ ≈Ÿ°§â“®”π«π¡“°´◊ÕÈ ∫â“π·≈â« ‰¡à ‰¥â∫â“π ∑”„Àâ‡°‘¥·π«‚πâ¡„À¡à¢Õß°“√ √â“ß∫â“π‡¥’Ë¬«°àÕπ¢“¬ ‡™àπ‡¥’¬«°—∫Õ“§“√ Ÿß ‡æ√“–¡’ª®í ®—¬ π—∫ πÿπÀ≈“¬ª√–°“√¥â«¬°—π §◊Õ Õ—µ√“¥Õ°‡∫’È¬‡ß‘π°Ÿâ∑’ËºŸâª√–°Õ∫°“√µâÕß°Ÿâ¡“≈ß∑ÿπ≈¥≈ß‡À≈◊Õ 6-7 % ®“°‡¥‘¡∑’ËµâÕß°Ÿâ∂÷ß 12-14 % ª√–°Õ∫°—∫§«“¡‡¢â¡ß«¥ ¢Õß°“√§ÿâ¡§√ÕßºŸâ∫√‘‚¿§∑’ËµâÕß√–∫ÿ«—π·≈â«‡ √Á®∑’Ë·πàπÕπ ∂â“‡°‘π ®–¡’∫∑ª√—∫ µ≈Õ¥®π°“√√—∫¡Õ∫∫â“π¢Õß≈Ÿ°§â“¬“°¢÷Èπ°«à“‡¥‘¡ ‡ªìπµâπ πÕ°®“°π’È ∫√‘…—∑∫“ß·Ààß¡’®ÿ¥ÕàÕπ¥â“π°“√°àÕ √â“ß∑’Ë ‰¡à µâÕß°“√„Àâ≈°Ÿ §â“‡ÀÁπ„π™à«ß√–À«à“ß°“√°àÕ √â“ß ‰¥âÀπ— ¡“„™â«∏‘ ’ √â“ß ‡ √Á®°àÕπ¢“¬‡æ’¬ßÕ¬à“ß‡¥’¬« ·µà°Á¡’∫√‘…—∑Õ’° à«πÀπ÷Ëß∑’Ë „™â∑—Èß«‘∏’ ç √â“ß°àÕπ¢“¬é ·≈– ç√—∫ —Ëß √â“ßé ‡æ◊ËÕµÕ∫ πÕß§«“¡µâÕß°“√ ¢Õß≈Ÿ°§â“∑’Ëµà“ß°—π‰ª ‡™àπ ç»ÿ¿“≈—¬é ‡ªìπµâπ ‡¡◊ËÕÕÿµ “À°√√¡ ç∑’ËÕ¬ŸàÕ“»—¬é øóôπµ—« ª√–°Õ∫°“√ √â“ß ∫â“π°àÕπ¢“¬®”π«π¡“°„πµâπªï 2546 ‡æ◊ËÕ„Àâ∑—π°“√‚Õπ„πªï ‡¥’¬«°—π ®÷ß àßº≈„Àâ«— ¥ÿ°àÕ √â“ßµà“ßÊ ¢“¬¥’¢÷Èπª√–°Õ∫ „π‡¥◊Õπ ¡°√“§¡ 2546 ºŸâª√–°Õ∫°“√√∂∫√√∑ÿ°‰¥â√«¡µ—«°—πæ√âÕ¡„®≈¥ πÈ”Àπ—°∫√√∑ÿ° 10 ≈âÕ ‡À≈◊Õ‡æ’¬ß‰¡à‡°‘π 26 µ—π æ√âÕ¡Ê °—∫ πÈ”¡—π¢÷Èπ√“§“ ®“°¢à“« ß§√“¡∑’ËÕ“®‡°‘¥¢÷Èπ∑”„Àâ§à“¢π àß·æß

In 2003, the three main supporting evidences above still remain positive influences. The governmentûs policy of stimulating real estate sector and housing, as noticeable in its announcement to extend the low housing taxes and fees for another year, until end of 2003. Moreover, the sale of old housing to purchase a new one can now be used to deduct against personal income tax. Eversince the economy crisis, there were several cases of homebuyers who had not been able to get houses that they paid for. Therefore, the new trend of built-before-sale detached houses similar to condominium are now widely and strongly accepted. Such trend occurs from certain conditions, such as, reduced interest rate for project loan of developer from 12-14 % previously to 6-7 % now, combined with strict regulations from çConsumer protection boardé that enforce developers to specify the date of finishing construction or a penalty will be exercised against the developers. Besides, with some developers having construction defects, they prefer the customers not to see the construction process. They shifted to be all built-before-sale. However, there are some developers, Supalai included, which choose to adapt both çPre-built ç and ç Pre-sale ç methods to support different needs of customers. As the housing market recovers, together with a large number of housing built -before-sale at the beginning of year 2003 in order to transfer ownership in the same year, the sale

volume of construction materials, benefits. Meanwhile, the truck service providers agreed to reduce the maximum carrying weight down to 26 tones, in conjunctions with the rising oil price spurred by the likeliness of war, the two reasons caused higher costs of goods conveying. As a result, the construction material suppliers used the opportunity to increase the price of stones, sand, cement, concrete, steel parts, etc. (See table 4)

¢÷Èπ ºŸâº≈‘µ«— ¥ÿ°àÕ √â“ß®÷ß‰¥â∂◊Õ‚Õ°“ ª√—∫√“§“¢÷Èπ∑—Èß À‘π ∑√“¬ ´’‡¡πµå §Õπ°√’µº ¡‡ √Á® µ≈Õ¥®π‡À≈Á°‡ âπ ‡À≈Á°√Ÿªæ√√≥ œ≈œ (¥Ÿµ“√“ß 4) µ“√“ß 4 : ¥—™π’√“§“«— ¥ÿ°àÕ √â“ß Table 4: Construction Material Cost Index √“¬°“√

ªï 2538 ªï 2539 ªï 2540 ªï 2541 ªï 2542 ªï 2543 ªï 2544 ªï 2545 ªï 2546

Õ—µ√“°“√‡ª≈’Ë¬π·ª≈ß 2538/¡.§. 2546% ‡æ‘Ë¡¢÷Èπ (≈¥≈ß) % 1998/2003 Change ratio increased (decreased)%

Items

1995

1996

1997

1998

1999

2000

2001

2002

2003

ªŸπ´‘‡¡πµå Cement ‡À≈Á°·≈–º≈‘µ¿—≥±å‡À≈Á° Steel and steel Product ‰¡â·≈–º≈‘µ¿—≥±å ‰¡â Wood and Wooden Products ¥—™π’√«¡«— ¥ÿ°àÕ √â“ß Total index of construction Materials

100.0

100.9

107.8

141.7

146.1

146.6

118.0

146.9

161.5

61.50%

100.0

96.6

105.9

132.4

111.0

113.2

118.1

130.6

134.6

34.60%

100.0

110.5

111.5

114.1

112.6

116.5

121.8

123.3

23.30%

100.0

101.2

106.5

125.6

119.8

120.7

120.8

128.8

131.8

31.80%

∑’Ë¡“ : °√–∑√«ßæ“≥‘™¬å

Source : Ministry of Commerce

«— ¥ÿ°Õà √â“ß¥—ß°≈à“«À≈“¬√“¬°“√¢â“ßµâπ√“§“‰¥â‡æ‘¡Ë ¢÷πÈ °«à“ 10% ¡’º≈∑”„Àâ∑—Èß§à“°àÕ √â“ßÕ“§“√ ß“π‚¬∏“ “∏“√≥Ÿª‚¿§ §à“æ—≤π“∑’Ë¥‘π‡æ‘Ë¡¢÷ÈπÀ¡¥ ´÷Ëß¡’º≈µàÕ√“§“¢“¬ ¢Õß∑’ËÕ¬ŸàÕ“»—¬ µ“¡µâπ∑ÿπ„À¡à„πªïπ’È µâÕß‡æ‘Ë¡¢÷Èπª√–¡“≥ 5-6% °àÕπ∑’Ë®–µâÕß ª√—∫‡æ‘Ë¡¢÷ÈπÕ’°„πµâπªïÀπâ“µ“¡ à«π≈¥§à“¿“…’·≈–§à“∏√√¡‡π’¬¡ µà“ßÊ ∑’Ë®–À¡¥¿“¬„πª≈“¬ªïπ’È ´÷Ëß∑ÿ°ΩÉ“¬§àÕπ¢â“ß¡—Ëπ„®«à“®–‡ªìπ ªï ÿ¥∑â“¬∑’Ë√—∞∫“≈®–¬◊¥Õ“¬ÿ„Àâ ‡æ√“–√—∞∫“≈‰¥â¬◊¥°“√≈¥¿“…’-§à“ ∏√√¡‡π’¬¡¡“À≈“¬ªï ª√–°Õ∫°—∫¿“«–Õ —ßÀ“√‘¡∑√—æ¬å ‰ ¥â øóô π Ÿà ¿“«–ª°µ‘·≈â« Õ¬à“ß‰√°Áµ“¡ ªï 2546 ‡ªìπ‡æ’¬ß çªï∑Õß·∑â¢Õß∑’ËÕ¬ŸàÕ“»—¬é ‡∑à“π—Èπ ‡æ√“–‡ªìπ 1 „πªí®®—¬ 4 à«πÕ —ßÀ“√‘¡∑√—æ¬åª√–‡¿∑Õ◊ËπÊ ‡™àπ ”π—°ß“π ¬—ßµâÕß„™â‡«≈“Õ’°√–¬–Àπ÷Ëß√Õ§Õ¬§«“¡¡—Ëπ„®¢Õß π—°≈ß∑ÿπ„π°“√¢“¬°‘®°“√·≈–°“√‡®√‘≠‡µ‘∫‚µ∑“ß‡»√…∞°‘® ∑’Ë®– √â“ßÕÿª ß§å¡“´÷¡´—∫Õ“§“√ ”π—°ß“π∑’Ë«à“ßÕ¬Ÿà ∂÷ß·¡â«à“√—∞œ ®– ‰¥âÕÕ° ¡“µ√°“√ °√–µÿâπ¥â«¬°“√ àß‡ √‘¡°“√≈ß∑ÿπµ—Èß ”π—°ß“π ¿Ÿ¡‘¿“§¢Õß∫√‘…—∑µà“ßª√–‡∑»„πª√–‡∑»‰∑¬·≈â«°Áµ“¡

For some of the above stated materials, prices rose by more than 10%, affecting the cost of building construction, project amenities and also the cost of land development. Thus the price of newly-built housing will likely be pushed up by 5-6%, with a view of further increase at the beginning of year 2004, after the end of taxes and fees reduction, as expected since the real estate industry has come back to normal conditions. Nevertheless, year 2003 would only be the golden year for housing because it is only 1 out of 4 necessities for human, but other main sectors in real estate industry. Office spaces, for example, will still need some time before the confidence of the investors to expand and require more office spaces along will the growing economy to create enough demand to absorb the vacant office spaces, despite the fact that the government has issued incentives to promote regional headquarters for foreign companies in Thailand.

10 ∫â“π»ÿ¿√—µπ“(„À¡à) Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿√“™ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

11 ∂‘µ‘ß∫°“√‡ß‘π Financial Records Àπà«¬ : æ—π∫“∑ (¬°‡«âπ¡Ÿ≈§à“µàÕÀÿâπ) / Unit of 1,000 Baht (except per share figures)

√ÿªº≈°“√¥”‡π‘πß“π OPERATION STATEMENT √“¬‰¥â®“°°“√¢“¬·≈–√—∫ª≈Ÿ° √â“ß Sales and Construction Income √“¬‰¥â®“°°“√∫√‘°“√ Service Income °”‰√®“°°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ°“√ª√—∫‚§√ß √â“ßÀπ’È Gain on transfer of assets for restructuring debt °”‰√®“°°“√´◊ÈÕ§◊πÀÿâπ°Ÿâ Gain on redemption of debentures °”‰√®“°°“√‚Õπ°≈—∫¢“¥∑ÿπ®“°°“√≈¥¡Ÿ≈§à“ ‘π§â“ Gain from reversal of loss on devaluation of inventories √“¬‰¥âÕ◊ËπÊ Other Income µâπ∑ÿπ¢“¬·≈–√—∫®â“ßª≈Ÿ° √â“ß Cost of Sales and Constructions µâπ∑ÿπ∫√‘°“√ Cost of Services §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ Selling and Administrative Expenses ¢“¥∑ÿπ®“°°“√≈¥¡Ÿ≈§à“ ‘π§â“§ß‡À≈◊Õ Loss on devaluation of inventories ¢“¥∑ÿπ®“°°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ°“√ª√—∫‚§√ß √â“ßÀπ’È Loss on transfer of assets for restructuring debt à«π·∫àß¢“¥∑ÿπ„π à«π‰¥â‡ ’¬¢Õß∫√‘…—∑¬àÕ¬ Share of losses from investments for using the equity method §à“„™â®à“¬Õ◊Ëπ Other Expenses ¥Õ°‡∫’È¬®à“¬ Interest Expenses ¿“…’‡ß‘π‰¥â Income Tax √“¬°“√æ‘‡»… Extraordinary Items °”‰√ ÿ∑∏‘ Net Income (Loss) √“¬°“√ ”§—≠ Singificant Items °”‰√®“°°“√‚Õπ°≈—∫¢“¥∑ÿπ®“°°“√≈¥¡Ÿ≈§à“ ‘π§â“ Gain from reversal of loss on devaluation of inventories °”‰√ ÿ∑∏‘ Net Income (Loss) °”‰√ ÿ∑∏‘µàÕÀÿâπ (∫“∑) Earning per share (Baht) ‘π∑√—æ¬å Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ Assets, Liabilities & Shareholdersû Equity ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π Current Assets ∑’Ë¥‘π, Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘ Property , Plant and Equipment-net Àπ’È ‘πÀ¡ÿπ‡«’¬π Current Liabilities ‡ß‘π°Ÿâ√–¬–¬“« Long Term Loan à«π¢ÕßºŸâ∂◊ÕÀÿâπ Shareholdersû Equity à«π¢ÕßºŸâ∂◊ÕÀÿâπµàÕÀÿâπ (∫“∑) Equity per Share (Baht) ∑ÿπ®¥∑–‡∫’¬π Authorized Share Capital ∑ÿπ™”√–·≈â« Issued and Paid-up Share Capital ¡Ÿ≈§à“Àÿâπµ√“‰«â (∫“∑) Par Value (Baht) À¡“¬‡Àµÿ : * ª√—∫ª√ÿß„À¡à / Remark : * Restatement

2545 2002 1,710,815

2544* 2001* 670,516

2543* 2000* 745,251

112,522

105,443

83,087

40,441

138,550

226,556

102,357

275,961

84,552

37,340

89,732

1,214,915

541,354

579,682

38,418

34,730

22,688

220,717

167,159

145,368

84,877

22,426

182,296

105,073

75,465

10,201

215,476

145,760

257,615

614,938

189

578

465,715

786,855

422,615

949,051

737,399

(185,571)

226,556

102,357

275,961

949,051

737,399

(185,571)

1.47

12.14

(3.60)

3,952,482

4,520,637

5,173,460

369,694

375,062

373,402

618,261

591,916

2,565,172

2,856,592

3,959,061

3,780,401

1,872,371

926,491

30,532

2.89

15.25

0.59

2,000,000

1,030,000

649,716

646,375

568,855

1.00

10.00

«‘‡§√“–Àå ∂“π–°“√‡ß‘π¢Õß∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ ß∫°“√‡ß‘πªï 2545 ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ ¡’º≈°“√¥”‡π‘πß“πª√–®”ªï 2545 ¡’°”‰√ ÿ∑∏‘ 949.05 ≈â“π∫“∑ Ÿß¢÷Èπ 211.65 ≈â“π∫“∑ §‘¥‡ªìπ 28.70 % ‡¡◊ËÕ‡∑’¬∫°—∫º≈°“√ ¥”‡π‘πß“π„πªï 2544 ´÷Ëß¡’°”‰√ ÿ∑∏‘‡∑à“°—∫ 737.40 ≈â“π∫“∑ “‡Àµÿ‡°‘¥®“° 1. √“¬‰¥â®“°∏ÿ√°‘®À≈—° 1,823.34 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®“°ªï°àÕπ 1,047.38 ≈â“π∫“∑ §‘¥‡ªìπ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 135 ‡ªìπ‡æ√“–¬Õ¥¢“¬·≈–¬Õ¥ àß ¡Õ∫‡æ‘Ë¡¢÷ÈπÕ¬à“ßµàÕ‡π◊ËÕß ”À√—∫„π à«π¢Õß°”‰√¢—Èπµâπ¢Õß∏ÿ√°‘®À≈—°‰¡à√«¡√“¬‰¥âÕ◊ËπÊ ‡∑à“°—∫ 570 ≈â“π∫“∑ §‘¥‡ªìπÕ—µ√“°”‰√¢—Èπµâπ√âÕ¬≈– 31 Ÿß¢÷Èπ®“° ªï°Õà π´÷ßË ¡’Õµ— √“°”‰√¢—πÈ µâπ‡æ’¬ß√âÕ¬≈– 26 ‡π◊ÕË ß®“°∫√‘…∑— œ “¡“√∂§«∫§ÿ¡µâπ∑ÿπ„ÀâÕ¬Ÿà„π√–¥—∫∑’§Ë “¥°“√≥å ‰«â√«¡∑—ßÈ ∫√‘…∑— œ ª√—∫√“§“¢“¬‡æ‘¡Ë ¢÷πÈ Õ¬à“ßµàÕ‡π◊ÕË ß „πªï 2545 2. °”‰√®“°°“√‚Õπ°≈—∫¢“¥∑ÿπ®“°°“√≈¥¡Ÿ≈§à“ ‘π§â“ 226.56 ≈â“π∫“∑ ‡π◊ËÕß®“°‚§√ß°“√∑’Ë‡§¬¥âÕ¬§à“‡æ√“–À¬ÿ¥¥”‡π‘π°“√„πªï 2542 ªí®®ÿ∫—π ‚§√ß°“√‡À≈à“π’È¥”‡π‘πß“πµàÕ àßº≈„Àâ√“§“ª√–‡¡‘π à«π„À≠à Ÿß°«à“¡Ÿ≈§à“∑“ß∫—≠™’ 3. ¥Õ°‡∫’È¬®à“¬„πªïπ’È‡À≈◊Õ‡æ’¬ß 145.76 ≈â“π∫“∑≈¥≈ß®“°ªï 2544 ´÷Ëß¡’¬Õ¥‡∑à“°—∫ 257.61 ≈â“π∫“∑ ´÷Ëß‡ªìπº≈¡“®“°¿“«–Õ—µ√“¥Õ°‡∫’È¬≈¥≈ß ·≈–¬—ß‡ªìπº≈¡“®“°°“√¢“¬·≈– àß¡Õ∫∫â“π„Àâ≈Ÿ°§â“‡æ‘Ë¡ Ÿß¢÷Èπ∑”„Àâ¿“√–Àπ’È≈¥≈ß 4. °”‰√®“°°“√´◊ÈÕÀÿâπ°Ÿâ§◊π 138.55 ≈â“π∫“∑ 5. °”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È¬Õ¥ ÿ∑∏‘ 465.72 ≈â“π∫“∑ 6. °”‰√®“°°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ°“√ª√—∫‚§√ß √â“ßÀπ’È 42.89 ≈â“π∫“∑ ∑—Èßπ’Èªïπ’È¡’°”‰√ ÿ∑∏‘µàÕÀÿâπ·≈–°”‰√(¢“¥∑ÿπ) ÿ∑∏‘µàÕÀÿâπ°àÕπ√“¬°“√æ‘‡»… ‡∑à“°—∫ 1.47 ∫“∑ ·≈– 0.75 ∫“∑µ“¡≈”¥—∫ ¢≥–∑’Ëªï 2544 ‡∑à“°—∫ 1.22 ∫“∑ ·≈– (0.08 ∫“∑) µ“¡≈”¥—∫ (Par 1 ∫“∑) à«π¥â“π ‘π∑√—æ¬å√«¡ 5,370.95 ≈â“π∫“∑ ≈¥≈ß 721.45 ≈â“π∫“∑ §‘¥‡ªìπ 11.84 % ‚¥¬ à«π¢Õß∫√‘…—∑„π‡§√◊Õ¡’ ‘π∑√—æ¬å√«¡≈¥≈ß 56.21 ≈â“π ∫“∑ ‘π∑√—æ¬å√«¡¢Õß∫√‘…—∑œ ≈¥≈ß 665.24 ≈â“π∫“∑Õ—π‡π◊ËÕß¡“®“°°“√ àß¡Õ∫ ‘π§â“„π‚§√ß°“√µà“ßÊ „π¢≥–‡¥’¬«°—π∫√‘…—∑œ ·≈–∫√‘…—∑„π‡§√◊Õ¡’Àπ’È ‘π√«¡ 3,498.58 ≈â“π∫“∑ ≈¥≈ß 1,667.32 ≈â“π∫“∑ §‘¥‡ªìπ 32.28 % ‡π◊ËÕß®“°∫√‘…—∑œ ¡’°“√ª√—∫ª√ÿß‚§√ß √â“ßÀπ’ÈµàÕ‡π◊ËÕß®“°ªï 2544 ‚¥¬°“√µ’∑√—æ¬å™”√–Àπ’È ∑”„Àâ‡ß‘πµâπ≈¥≈ß 228.47 ≈â“π∫“∑ ·≈–¥Õ°‡∫’È¬§â“ß®à“¬≈¥≈ß 300.88 ≈â“π∫“∑ πÕ°®“°π’È·≈â«∫√‘…—∑œ ´◊ÈÕÀÿâπ°Ÿâ§◊π 195 ≈â“π∫“∑ ·≈–¡’°“√™”√–§◊π‡ß‘πµâπ ·≈–¥Õ°‡∫’È¬®“°°“√‚Õπ¢“¬ ‘π§â“√«¡∑—Èß°Ÿâ‡ß‘π‡æ‘Ë¡√–À«à“ßªï ‚¥¬¡’¬Õ¥ ÿ∑∏‘§◊πÀπ’È ‰¥â Ÿß°«à“∂÷ß 702 ≈â“π∫“∑ ”À√—∫„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ ≥ ‘Èπªï 2545 ¡’¬Õ¥ ‡∑à“°—∫ 1,872.37 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®“°ªï 2544 945.88 ≈â“π∫“∑ À√◊Õ 102 % Õ—π‡ªìπº≈ ◊∫‡π◊ËÕß¡“®“°∫√‘…—∑ œ ·≈–∫√‘…—∑„π‡§√◊Õ¡’º≈°”‰√ ÿ∑∏‘¥—ß°≈à“«¢â“ßµâπ „πªï 2545 ∫√‘…—∑œ ‰¥âπ” à«π‡°‘π¡Ÿ≈§à“Àÿâπ·≈– ”√Õßµ“¡°ÆÀ¡“¬¡“≈â“ß¢“¥∑ÿπ – ¡µ“¡¡µ‘∑’Ëª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ∑’Ëºà“π¡“ √«¡∑—Èß°“√°≈—∫º≈ ¢“¥∑ÿπ®“°°“√≈¥¡Ÿ≈§à“¢Õß ‘π§â“®”π«π 606.92 ≈â“π∫“∑ ∑”„Àâªí®®ÿ∫—π¡Ÿ≈§à“∑“ß∫—≠™’ ÿ∑∏‘µàÕÀÿâπ¢Õß∫√‘…—∑œ ‡æ‘Ë¡¢÷Èπ®“° 1.43 ∫“∑ „πªï°àÕπ‡ªìπ 2.88 ∫“∑ ∑”„ÀâÕ—µ√“ à«πÀπ’È ‘πµàÕ∑ÿπ≈¥≈ß®“° 5.46 ‡∑à“„πªï°àÕπ‡À≈◊Õ‡æ’¬ß 1.68 ‡∑à“„πªïªí®®ÿ∫—π Õ¬à“ß‰√°Áµ“¡®“°°“√ª√–‡¡‘π√“§“ ‘π§â“„À¡à„πªï 2545 ∫√‘…—∑œ ¡’ ¡Ÿ≈§à“µ≈“¥ ÿ∑∏‘ 3.92 ∫“∑µàÕÀÿâπ ‡¡◊ËÕ‡∑’¬∫°—∫ 2.48 ∫“∑µàÕÀÿâπ„πªï 2544

2002 Financial Statement Analysis

The company and its subsidiary had earned Baht 949.05 million in profit after tax, Baht 211.65 million higher than Baht 737.40 million last year, equivalent to 28.70 %. It was resulted from: 1. Core business gross income Baht 1,823.34 million, increase from Baht 1,047.38 million of last year, 135 % increase. It was a result from increase in sales and delivery. Gross profit margin in core business alone, excluding other incomes, was Baht 570 million, 31 % to sales, higher than previous year (26 % only). The improvement was due to gradual price increase throughout the year 2002 and cost effectiveness. 2. Gain from reversal of inventory loss of Baht 226.56 million become of the valuation in 1999, but was revalued in late 2002 and almost all projectûs value are higher than the book value. 3. Interest expenses of 2002 was Baht 145.76 million decreased from Baht 257.61 million in 2001. It is caused by consistent growth in sales and delivery and hence the debt was reduced. Besides, the low interest rate was alsoa factor. 4. Gain from bond bought back Baht 138.55 million. 5. Gain from debt restructuring Baht 465.72 million. 6. Gain from asset-set off in debt restructuring Baht 42.89 million. Earning per share was Baht 1.47 comparing to Baht 1.22 for year 2001. Earning before extraordinary item per share was Baht 0.75 compare to Baht (0.08) for year 2001. As of 31 December 2002, total asset was Baht 5,370.95 million, decreased by Baht 721.45 million or equivalent to 11.84 %, the subsidiary companies assets decreased by Baht 56.21 million, while assets of the company decreased mainly from the transfer ownership to customer in several projects amounting to Baht 665.24 million. At the same time total debt of Baht 3,498.58 million, decreased by Baht 1,667.32 million or 32.28 % in order to continuing from last year restructuring plan , the company was able to settle its debt Baht 228.47 Million in principal and Baht 300.88 million in interest by assets-setoff. Moreover, the company redeemed unsecured debentures in amounting cost of Baht 195 million and repay principal and interest drawn down from project during the year at the net amount of Baht 702 million. Equity at of the ended of 2002 was Baht 1,872.37 million, increased by Baht 945.88 million or 102 % in case as a result from net profit as stated above. Also , 2002 the company had off set the retained loss adjust premium on shares and legal reserves. Beside, the company had reversed the loss provided for inventory valuation accounting Baht 606.92 million. Complete with all the reason above, at present, the book value per share increases from Baht 1.43 in year 2001 to be Baht 2.88. Debt equity was reduced from 5.46 previous year to be 1.68 this year. Due to current valuation update, the net asset value per share from the year 2002 is Baht 3.92, comparing to that of year 2001, Baht 2.48 ∫â“π»ÿ¿«√√≥(æ‘‡»…) Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿ ‘√‘ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

13 √“¬ß“π§≥–°√√¡°“√µ√«® Õ∫ §≥–°√√¡°“√∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ‰¥â·µàßµ—Èß§≥–°√√¡°“√µ√«® Õ∫¢Õß∫√‘…—∑ ‡¡◊ËÕ«—π∑’Ë 18 æƒ»®‘°“¬π 2542 æ√âÕ¡°”Àπ¥Àπâ“∑’Ë§«“¡√—∫º‘¥™Õ∫·≈–¢Õ∫‡¢µ°“√¥”‡π‘πß“π¢Õß§≥–°√√¡°“√µ√«® Õ∫ §≥–°√√¡°“√µ√«® Õ∫ª√–°Õ∫¥â«¬°√√¡°“√Õ‘ √–®”π«π 3 ∑à“π ¡’ π“¬ª√–°‘µ ª√–∑’ª–‡ π ‡ªìπª√–∏“π°√√¡°“√µ√«® Õ∫ π“ßæ‘°ÿ≈ «‘≈“ ‘π’«√√≥ ·≈–π“¬Õπ—πµå ‡°µÿæ‘∑¬“ ‡ªìπ°√√¡°“√µ√«® Õ∫ §≥–°√√¡°“√µ√«® Õ∫‰¥âªØ‘∫—µ‘Àπâ“∑’Ë ‚¥¬µ√–Àπ—°∂÷ß§«“¡√—∫º‘¥™Õ∫„π°“√¥Ÿ·≈„Àâ¡’°“√¥”‡π‘πß“πµ“¡π‚¬∫“¬¢Õß§≥–°√√¡°“√∫√‘…—∑œ „πªï 2545 ‰¥â¡’°“√ª√–™ÿ¡ √«¡ 6 §√—Èß ‚¥¬¡’ª√–‡¥Áπ∑’Ë¡’ “√– ”§—≠ §◊Õ 1. Õ∫∑“πß∫°“√‡ß‘π√“¬‰µ√¡“ ·≈–ß∫°“√‡ß‘πª√–®”ªï 2545 ´÷Ëß√«¡∂÷ßß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑„π‡§√◊Õ ß∫°“√‡ß‘π¥—ß°≈à“«· ¥ß∞“π–∑“ß°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“π‚¥¬∂Ÿ°µâÕßµ“¡§«√µ“¡À≈—°°“√∫—≠™’∑’Ë √—∫√Õß∑—Ë«‰ª ·≈–‰¥â¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈∑’Ë¡’π—¬ ”§—≠µàÕß∫°“√‡ß‘π„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π·≈â« 2. Õ∫∑“π°“√·°â ‰¢ª√—∫ª√ÿßß∫°“√‡ß‘πª√–®”ªï 2543 ·≈– 2544 µ“¡∑’Ë ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–µ≈“¥ À≈—°∑√—æ¬å ( ”π—°ß“π°.≈.µ.) ¢Õ„Àâ·°â ‰¢ ´÷Ëß√«¡∂÷ßß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑„π‡§√◊Õ 3. „Àâ·π«∑“ß„π°“√ª√—∫ª√ÿß°“√§«∫§ÿ¡¿“¬„π °“√æ‘®“√≥“√“¬ß“πµà“ßÊ ‡°’Ë¬«°—∫‡√◊ËÕß°“√§«∫§ÿ¡¿“¬„π °“√µ‘¥µ“¡º≈ °“√ªØ‘∫—µ‘ß“πµ“¡¢âÕ —ß‡°µ √«¡∑—Èß§«“¡‡À¡“– ¡¢Õß·π«∑“ßªØ‘∫—µ‘∑’Ë°àÕ„Àâ‡°‘¥ª√– ‘∑∏‘¿“æ·≈–ª√– ‘∑∏‘º≈ Õ’°∑—Èß √“¬ß“πº≈°“√ªØ‘∫—µ‘°“√·°â ‰¢ß“π ‚¥¬√«¡·≈â«‡ÀÁπ«à“∫√‘…—∑¡’°“√ª√—∫ª√ÿß°“√§«∫§ÿ¡¿“¬„πÕ¬à“ßµàÕ‡π◊ËÕß·≈–‡ªìπ‰ªÕ¬à“ß ¡Ë”‡ ¡Õ 4. æ‘®“√≥“ Õ∫∑“π√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π√–À«à“ß∫√‘…—∑À√◊Õ∫√‘…—∑¬àÕ¬ °—∫∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—π‡æ◊ËÕ¡‘„Àâ‡°‘¥§«“¡¢—¥·¬âß∑“ß º≈ª√–‚¬™πå 5. „Àâ·π«∑“ß„π°“√ªØ‘∫—µ‘ß“πµ√«® Õ∫¿“¬„π √«¡∑—Èß Õ∫∑“π·≈–Õπÿ¡—µ‘·ºπß“π°“√µ√«® Õ∫ª√–®”ªï 2546 6. æ‘®“√≥“§—¥ √√ºŸâ Õ∫∫—≠™’ ª√–®”ªï 2546 ´÷Ëß‰¥â·°à ∫√‘…—∑ ”π—°ß“πæ‘æ—≤πå·≈–‡æ◊ËÕπ ®”°—¥ ‡æ◊ËÕπ”‡ πÕµàÕ§≥–°√√¡°“√ ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ‡æ◊ËÕ‡ πÕ¢ÕÕπÿ¡—µ‘µàÕ∑’Ëª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπª√–®”ªï 2546 µàÕ‰ª §≥–°√√¡°“√µ√«® Õ∫¡’§«“¡‡ÀÁπ«à“ √–∫∫°“√∫√‘À“√ß“π¢Õß∫√‘…—∑¡’°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ¡’§«“¡‚ª√àß„ ¡’®√‘¬∏√√¡ ∑’Ë¥’ ‚¥¬ΩÉ“¬®—¥°“√ªØ‘∫—µ‘Àπâ“∑’Ë¥â«¬§«“¡´◊ËÕ —µ¬å·≈–√—°…“º≈ª√–‚¬™πå¢Õß∫√‘…—∑ √«¡∑—ÈßªØ‘∫—µ‘µ“¡°Æ‡°≥±å¢âÕ°”Àπ¥¢Õß°ÆÀ¡“¬∑’Ë ‡°’Ë¬«¢âÕß πÕ°®“°π’È∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π∑’Ë‡æ’¬ßæÕ‡À¡“– ¡ ·≈–¡’°“√¡Õ∫Õ”π“®¥”‡π‘πß“πÕ¬à“ß¡’¢—ÈπµÕπµ“¡À≈—°‡°≥±å∑’Ë ‡À¡“– ¡ √«¡∑—Èß°“√µ‘¥µ“¡·≈–ª√–‡¡‘πº≈∑’Ë ¡‡Àµÿ ¡º≈

(π“¬ª√–°‘µ ª√–∑’ª–‡ π) ª√–∏“π§≥–°√√¡°“√µ√«® Õ∫

Audit Committee Report The Board of Directors of Supalai Public Company Limited appointed the Audit Committee and determined the duties and responsibilities as well as the scope of performance of the Audit Committee on 18 November 1999. The Audit Committee consists of 3 independent committee members. They are Mr.Prakit Pradipasen as chairman of the Audit Committee, Mrs. Pikul Vilasineewan and Mr. Anant Gatepithaya as members of the Audit Committee. The Audit Committee has been working together and realized the responsibility in steering the operation towards companyûs policy. In 2002, the Audit Committee held six meetings on the following main issues: 1. Reviewing the 2002 annual financial report of Supalai Public Company Limited and its consolidated statements. These statements fairly presented the financial position of the company, its subsidiaries and the results of their operations in conformity with generally accepted accounting principles. Significant data was already disclosed in notes to the financial statements. 2. Reviewing the adjustment of the consolidated financial statement retroactive back to year 2000 and 2001, as requested by the Security Exchange and Commission (SEC). 3. Assigned the tendency on internal adjustment control and considered all reports relating to internal control matters, follow-up actions upon recommendations made, appropriate implementation towards efficiency and effectiveness, as well as feed-back reporting. In overall, the company has been improving its internal control system continuously and consistently. 4. Reviewing the connected transaction between the company or subsidiaries and related parties to ensure the company does not engage in any activities that may lead to the conflict of interest. 5. Assigned the tendency on internal auditing operation and review, and approved the internal auditing plan for 2003. 6. To appoint the certified public accountant for 2003, which is Pipat & Associated Co., Ltd. to propose to Board of Directors in order to get approval from the shareholders in the 2003 ordinary shareholders meeting. The Audit Committee opinions that the company has a good corporate governance, transparency and fine ethics. Moreover, the management manages faithfully and protects the companyûs benefits, and also follows the government regulations. In addition, the company has adequate internal control system, delegation of authority, information system and communication as well as monitoring and evaluation.

(Mr. Prakit Pradipasen) Chairman of the Audit Committee

14 ∫â“π»ÿ¿Õ“¿“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿— √“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

15 √“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ ‡ πÕ §≥–°√√¡°“√¢Õß ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ¢â“æ‡®â“‰¥âµ√«® Õ∫ß∫¥ÿ≈√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ß∫°”‰√¢“¥∑ÿπ√«¡ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß„π à«π ¢ÕßºŸâ∂◊ÕÀÿâπ√«¡ ·≈–ß∫°√–· ‡ß‘π ¥√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π¢Õß·µà≈–ªï¢Õß ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ·≈–‰¥âµ√«® Õ∫ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑¢Õß ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ‡™àπ‡¥’¬«°—π ´÷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“πµàÕß∫°“√‡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 ´÷ßË °”Àπ¥„Àâ¢“â æ‡®â“µâÕß«“ß·ºπ·≈–ªØ‘∫µ— ß‘ “π‡æ◊ÕË „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∂÷ß§«“¡‡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‡°≥±åÕ¬à“ß ‡À¡“– ¡„π°“√· ¥ß§«“¡‡ÀÁπ¢Õß¢â“æ‡®â“ ¢â“æ‡®â“‡ÀÁπ«à“ ß∫°“√‡ß‘π¥—ß°≈à“«¢â“ßµâπ· ¥ß∞“π–°“√‡ß‘π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 º≈°“√¥”‡π‘πß“π °“√ ‡ª≈’Ë¬π·ª≈ß„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ ·≈–°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π¢Õß·µà≈–ªï¢Õß ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑ ¬àÕ¬ ·≈–‡©æ“–¢Õß ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ‚¥¬∂Ÿ°µâÕßµ“¡∑’Ë§«√„π “√– ”§—≠µ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ¢â“æ‡®â“¢Õ„Àâ¢âÕ —ß‡°µµàÕß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ‡°’Ë¬«°—∫§«“¡‰¡à·πàπÕπ¢Õß‡Àµÿ°“√≥åµà“ßÊ ·≈–‡√◊ËÕßÕ◊ËπÊ ¥—ßµàÕ‰ªπ’È 1) µ“¡∑’°Ë ≈à“«‰«â „πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ∑’Ë 20.1 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ∫√‘…∑— œ∂Ÿ°øÑÕß√âÕß„π§¥’µ“à ßÊ ´÷ßË ‡ªìπ°“√ øÑÕß√âÕß‡√’¬°§à“‡ ’¬À“¬∑’Ë‡°‘¥¢÷Èπ„πªï°àÕπÊ √«¡∂÷ßªí®®ÿ∫—π®”π«π 187.1 ≈â“π∫“∑ §¥’Õ¬Ÿà„π°“√æ‘®“√≥“¢Õß»“≈´÷Ëß∫√‘…—∑œÕ“®®–¡’º≈ ‡ ’¬À“¬∑’ËÕ“®‡°‘¥¢÷Èπ®“°§¥’¥—ß°≈à“« ·≈–∫√‘…—∑œ‰¥â¬◊ËπøÑÕß·¬âß‡√’¬°§à“‡ ’¬À“¬·°à ‚®∑°å¡’∑ÿπ∑√—æ¬å®”π«π 733 ≈â“π∫“∑ ¢≥–π’ÈÕ¬Ÿà √–À«à“ß°“√ ◊∫æ¬“π‚®∑°å 2) µ“¡∑’Ë°≈à“«‰«â „πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ∑’Ë 5 ®“° ¿“æ·«¥≈âÕ¡∑’Ë‡ª≈’Ë¬π·ª≈ß‰ªÕ¬à“ß¡“°Õ“®®–¡’ªí≠À“„π°“√ ‡√’¬°‡°Á∫‡ß‘π ∑”„Àâ®”π«π‡ß‘π∑’Ë®–‡√’¬°‡°Á∫‰¥â®“°≈Ÿ°Àπ’ÈÕ“®µË”°«à“¬Õ¥ ç≈Ÿ°Àπ’È∑’Ë∂÷ß°”Àπ¥™”√–é ´÷Ëß ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ¬Õ¥§ß‡À≈◊Õ≈Ÿ°Àπ’È∑’Ë∂÷ß°”Àπ¥™”√–‡°‘π°«à“ 1 ªï ÿ∑∏‘®“°§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠„πß∫°“√‡ß‘π√«¡¡’®”π«π‡ß‘πª√–¡“≥ 5.04 ≈â“π∫“∑ ·≈– 11.93 ≈â“π∫“∑ µ“¡≈”¥—∫ (ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑¡’®”π«π‡ß‘πª√–¡“≥ 5.04 ≈â“π∫“∑ ·≈– 11.93 ≈â“π∫“∑ µ“¡ ≈”¥—∫) ∫√‘…—∑œ‰¡à ‰¥â∫—π∑÷°§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠¢Õß≈Ÿ°Àπ’È§ß§â“ß¥—ß°≈à“« ‡π◊ËÕß®“°∫√‘…—∑œ¬—ß‰¡à ‰¥â ‚Õπ°√√¡ ‘∑∏‘Ï„π ‘π§â“„Àâ°—∫ºŸâ´◊ÈÕ·≈– ¬—ß¡’§«“¡‰¡à·πàπÕπ‡°’Ë¬«°—∫§«“¡æ√âÕ¡„π°“√‚Õπ°√√¡ ‘∑∏‘Ï¢Õß§Ÿà —≠≠“ 3) ¢â“æ‡®â“‰¥â∑”°“√ Õ∫∑“πß∫°“√‡ß‘π¢Õß∫√‘…—∑¬àÕ¬∑’Ë®¥∑–‡∫’¬π„πµà“ßª√–‡∑» ‡æ◊ËÕ°“√µ√«® Õ∫ß∫°“√‡ß‘π√«¡ ß∫°“√ ‡ß‘π¥—ß°≈à“«®—¥∑”‚¥¬ΩÉ“¬∫√‘À“√¢Õß∫√‘…—∑ ¥—ßπ—Èπ §«“¡‡ÀÁπ¢Õß¢â“æ‡®â“µàÕß∫°“√‡ß‘π¢Õß∫√‘…—∑¬àÕ¬¥—ß°≈à“«¡’¢Õ∫‡¢µ®”°—¥‡æ’¬ßß∫°“√ ‡ß‘π√«¡¢Õß∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ‡∑à“π—Èπ 4) µ“¡∑’Ë°≈à“«‰«â „πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ∑’Ë 22 „πªï 2545 ∫√‘…—∑‰¥â¡’°“√·°â ‰¢ß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 „À¡à ®“°°“√µ’§«“¡°“√„™âπ‚¬∫“¬°“√µ’√“§“ ‘π§â“§ß‡À≈◊Õ °“√°”Àπ¥√“§“√—∫‚Õπ∑√—æ¬å ‘π∑’Ë ‰¥â√—∫™”√–Àπ’È¢Õß∫√‘…—∑ ¬àÕ¬ °“√√—∫√Ÿâ¥Õ°‡∫’È¬®à“¬‡ªìπµâπ∑ÿπ‚§√ß°“√ ·≈–‡√◊ËÕßÕ◊ËπÊ

∫√‘…—∑ ”π—°ß“πæ‘æ—≤πå·≈–‡æ◊ËÕπ ®”°—¥ °√ÿß‡∑æ¡À“π§√ 24 °ÿ¡¿“æ—π∏å 2546

(æ‘æ—≤πå ªÿ ¬“ππ∑å) ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ ‡≈¢∑–‡∫’¬π∑’Ë 56

Report of The Independent Auditor To The Board of Directors of SUPALAI PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES We have audited the accompanying consolidated balance sheet of SUPALAI PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES as at December 31, 2002 and 2001, and the related consolidated statements of income, consolidated changes in shareholdersû equity, and consolidated cash flows for the year then ended and audited for the company only of SUPALAI PUBLIC COMPANY LIMITED. These financial statements are the responsibility of the Companyûs management as to their correctness and completeness of the presentation. Our responsibility is to issue a report on these financial statements based on our audited. 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 about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of SUPALAI PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES and for the company only of SUPALAI PUBLIC COMPANY LIMITED as at December 31, 2002 and 2001, and the results of their operations, changes in shareholders’ equity and cash flow for the year then ended in conformity with generally accepted accounting principles. We draw attention to the financial statements for the year ended December 31, 2002 and 2001 regarding the uncertainty and the other of the following. 1) As discussed in notes to the financial statements No. 20.1, as at December 31, 2002 the Company has been sued as a defendants in various cases for claims of prior years up to the current period has been amounting to Baht 187.10 million. The cases have been taken to court. The Company may have contingent loss from the result of such cases and also accusing to this contractor for claiming in amounting to Baht 733 million. The result can not be known yet. 2) As discussed in notes to the financial statement No. 5 Because of the current economic crisis, these could be problems with debt collection. The amounts recoverable from customers might be lower than the outstanding balance of çAccount receivable - billedé. As at December 31, 2002 and 2001, of the balance of Accounts receivable to be in arrear over 1 year net off allowance for doubtful account in consolidated amounting of Baht 5.04 million and 11.93 million respectively and for the company only amounting of Baht 5.04 million and 11.93 million respectively. The company are not recorded allowance for doubt account, because the right of goods are not transferred to the customers and being uncertainty of the counterpart’s readiness to transfer titles. 3) We have reviewed financial statement of the subsidiary who registered in foreign country purpose to audited consolidate financial statement of SUPALAI PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES. So, in our opinion to the financial statement of the subsidiary company are only for consolidate financial statement of the company. 4) as discussed in notes to the financial statement No. 22 the company had restatement the financial statement for the year then ended December 31, 2001 because of the interpretation in policy of state value for inventory, transferred prizing for collected asset from subsidiary company interest expenses capitalization and the other.

PIPAT & ASSOCIATES CO., LTD. Bangkok February 24, 2003

(Pipat Pusayanonda) Certified Public Accountant of Thailand No. 56

16 ∫â“π»ÿ¿“∏√ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿“∏√(„À¡à) Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ / Supalai Public Co., Ltd. and Its Subsidiaries ß∫¥ÿ≈ / Balance Sheets ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 / As at December 31, 2002 and 2001

‘π∑√—æ¬å ASSETS

Àπà«¬ : ∫“∑ / IN BAHT

ß∫°“√‡ß‘π√«¡ Consolidated (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ The company only (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

29,889,208.58

14,227,124.09

21,075,253.25

10,658,418.87

12,611,388.59

11,925,094.95

12,611,388.59

11,925,094.95

19,719,440.92

20,234,469.00

19,447,767.50

20,023,469.00

112,768,570.62

100,003,811.01

101,836,870.62

93,077,111.01

2,795,743.17

2,529,105.65

‘π∑√—æ¬åÀ¡ÿπ‡«’¬π Current Assets

‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ (À¡“¬‡Àµÿ 3.2) Cash and cash equivalents (Note 3.2)

‡ß‘π≈ß∑ÿπ™—Ë«§√“« (À¡“¬‡Àµÿ 3.4 ·≈– 21.3) Current investments (Note 3.4 and 21.3)

≈Ÿ°Àπ’È°“√§â“- ÿ∑∏‘ (À¡“¬‡Àµÿ 3.5 ·≈– 5) Trade accounts receivable-net (Note 3.5 and 5)

¡Ÿ≈§à“ß“π∑’Ë‡ √Á®¬—ß‰¡à ‰¥â‡√’¬°‡°Á∫ (À¡“¬‡Àµÿ 3.1 ·≈– 6) Unbilled receivable (Note 3.1 and 6)

≈Ÿ°Àπ’È°“√§â“ - ∏ÿ√°‘®‚√ß·√¡

Trade accounts receivable - hotel

‡ß‘π∑¥√Õß®à“¬·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π (À¡“¬‡Àµÿ 4.1)

400,000.00

Advance to related parties (Note 4.1)

‘π§â“§ß‡À≈◊Õ (À¡“¬‡Àµÿ 3.6, 7 ·≈– 18)

3,743,205,056.26

4,317,597,639.66

3,510,498,342.40

4,019,225,313.16

561,250.00

8,082,410.00

561,250.00

8,082,410.00

15,986,783.37

25,747,161.39

15,986,783.37

25,747,161.39

1,411,190.91

2,132,067.84

1,366,711.52

2,046,519.51

10,555,795.74

10,312,418.27

8,619,486.54

9,347,796.58

2,977,382.56

7,845,959.07

2,915,372.60

7,362,231.80

3,952,481,810.72

4,520,637,260.93

3,695,319,226.39

4,207,495,526.27

1,586,891.92

447,955.60

1,586,891.92

447,955.60

5,053,744.73

2,279,354.25

2,954,390.23

185,749.75

2,478,576.11

111,366,182.30

146,071,329.61

Inventories (Note 3.6, 7 and 18)

‡ß‘π¡—¥®”´◊ÈÕ∑’Ë¥‘π- ÿ∑∏‘ (À¡“¬‡Àµÿ 8) Deposits for land - net (Note 8)

‡ß‘π≈à«ßÀπâ“·°àºŸâ√—∫‡À¡“ Advance to contractors

‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ Other current assets

§à“„™â®à“¬®à“¬≈à«ßÀπâ“ Prepaid expenses

‡ß‘π∑¥√Õß®à“¬ Advance expenses

Õ◊ËπÊ Others

√«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π Total current assets

‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π Non-current assets

‡ß‘πΩ“°∏π“§“√∑’Ë¡’¿“√–ºŸ°æ—π (À¡“¬‡Àµÿ 3.3) Collateral deposits (Note 3.3)

‡ß‘π∑¥√Õß®à“¬°√√¡°“√·≈–æπ—°ß“π Advance and loans to directors and employees

‡ß‘π„Àâ°Ÿâ¬◊¡√–¬–¬“«·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π- ÿ∑∏‘ (À¡“¬‡Àµÿ 4.2) Long-term loans to related parties - net (Note 4.2)

‡ß‘π„Àâ°Ÿâ¬◊¡√–¬–¬“«Õ◊Ëπ (À¡“¬‡Àµÿ 10)

Long-term loans to other companies - net (Note 10)

‡ß‘π≈ß∑ÿπ„π°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π (À¡“¬‡Àµÿ 3.7 ·≈– 4.3)

135,859,446.47

173,482,650.60

278,552,483.17

3,194,247.00

2,054,228.10

2,056,247.00

2,054,228.10

1,550,000.00

1,250,000.00

3,800,000.00

803,984,854.72

805,454,217.23

803,984,854.72

805,454,217.23

165,365,932.95

202,335,158.93

153,886,684.22

184,107,314.68

369,694,361,69

375,062,481.88

107,098,964.50

110,695,474.58

27,024,545.26

26,445,001.95

26,358,004.26

25,795,257.95

38,506,438.24

20,140,129.12

35,920,947.33

18,396,652.87

30,700.00

430,700.00

1,418,470,292.62

1,571,758,673.53

1,422,495,817.08

1,575,560,663.54

5,370,952,103.34

6,092,395,934.46

5,117,815,043.47

5,783,056,189.81

Investment in related parties (Note 3.7 and 4.3)

‡ß‘π≈ß∑ÿπ√–¬–¬“« (À¡“¬‡Àµÿ 3.7 ·≈– 9) Long-term Investments (Note 3.7 and 9)

‡ß‘π®à“¬≈à«ßÀπâ“§à“Àÿâπ (À¡“¬‡Àµÿ 4.5) Advance for shares subscription (Note 4.5)

‚§√ß°“√√–À«à“ß°àÕ √â“ß (À¡“¬‡Àµÿ 11) Project during Construction (Note 11)

‘π∑√—æ¬å„Àâ‡™à“ - ÿ∑∏‘ (À¡“¬‡Àµÿ 3.8 ·≈– 12) Assets for rent - net (Note 3.8 and 12)

∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘ (À¡“¬‡Àµÿ 3.9, 13, ·≈– 18) Property, plant and equipment-net (Note 3.9, 13 and 18)

‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ Other non-current assets

‡ß‘π¡—¥®”·≈–‡ß‘πª√–°—π Deposit

¿“…’∂Ÿ°À—° ≥ ∑’Ë®à“¬ Withholding tax

Õ◊ËπÊ

Others

√«¡ ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π Total non-current assets

√«¡ ‘π∑√—æ¬å TOTAL ASSETS

∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ / Supalai Public Co., Ltd. and Its Subsidiaries ß∫¥ÿ≈ (µàÕ) / Balance Sheets (Cont.) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 / As at December 31, 2002 and 2001

Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ LIABILITIES AND SHAREHOLDERSû EQUITY

Àπà«¬ : ∫“∑ / IN BAHT

ß∫°“√‡ß‘π√«¡ Consolidated (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ The company only (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

Àπ’È ‘πÀ¡ÿπ‡«’¬π Current liabilities

‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π Bank overdrafts and loans from financial institutions

(À¡“¬‡Àµÿ 14 ·≈– 18)

112,631,004.37

116,688,615.45

5,171,446.84

15,426,829.10

10,704,879.86

9,957,212.25

8,775,000.00

6,241,465.75

2,622,993.61

574,805.56

281,632.00

342,582.40

(Note 14, and 18)

‡®â“Àπ’È°“√§â“ Trade accounts payable

à«π¢ÕßÀπ’È ‘π√–¬–¬“«∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„π 1 ªï Current portion of long-term liabilities

(À¡“¬‡Àµÿ 17) (Note 17)

‡®â“Àπ’È‡™à“´◊ÈÕ∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„π 1 ªï (À¡“¬‡Àµÿ 16) Current portion of installments payable (Note 16)

Àÿâπ°Ÿâ (À¡“¬‡Àµÿ 15)

20,000,000.00

7,054,000.00

27,054,000.00

116,228,845.41

100,907,867.08

106,337,500.13

96,483,386.55

271,228,337.59

256,111,276.01

170,481,496.34

166,143,226.02

Debentures (Note 15)

‡ß‘π√—∫≈à«ßÀπâ“®“°≈Ÿ°§â“ Prepayments from customers

¥Õ°‡∫’È¬§â“ß®à“¬ Accrued interest expense

‡ß‘πªíπº≈§â“ß®à“¬

63,000,000.00

Accrued dividends

Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ Other current liabilities

¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈§â“ß®à“¬

291,048.17

Accrued income tax

‡ß‘π∑¥√Õß√—∫

9,754,670.32

2,961,599.36

9,753,970.32

2,961,599.36

45,238,887.68

32,614,473.38

43,810,300.74

30,724,705.44

26,752,105.19

23,505,107.31

23,418,561.02

19,649,452.81

7,037,063.90

7,065,677.15

6,231,953.90

7,065,677.15

15,780,834.34

20,895,265.73

14,753,890.69

19,109,253.40

618,261,254.27

591,915,529.85

395,788,119.98

453,859,595.58

22,153,500.00

34,513,500.00

183,705.60

1,575,000.00

483,836,747.63

404,966,241.28

374,384,901.53

272,493,750.45

2,372,755,070.95

3,554,094,291.91

2,372,755,070.95

3,554,094,291.91

Other advance receivable

‡ß‘πª√–°—π°“√°àÕ √â“ß Guarantee deposits from contractors

§à“„™â®à“¬§â“ß®à“¬ Accrued expenses

‡ß‘π√—∫≈à«ßÀπâ“·≈–‡ß‘π®Õß Advances received from customers

Õ◊ËπÊ Others

√«¡Àπ’È ‘πÀ¡ÿπ‡«’¬π Total current liabilities

Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π Non-current liabilities

‡ß‘π°Ÿâ¬◊¡®“°°√√¡°“√ Loans from directors

‡®â“Àπ’È‡™à“´◊ÈÕ- ÿ∑∏‘ (À¡“¬‡Àµÿ 16)

Installments payable (Note 16)

‡ß‘π√—∫≈à«ßÀπâ“§à“Àÿâπ‡æ‘Ë¡∑ÿπ Advances received for shares subscriptions

‡ß‘π°Ÿâ¬◊¡√–¬–¬“« (À¡“¬‡Àµÿ 17) Long-term loans (Note 17)

‡®â“Àπ’Èµ“¡ —≠≠“ª√—∫‚§√ß √â“ßÀπ’È (À¡“¬‡Àµÿ 18) Debt restructuring payable (Note 18)

°”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È√Õµ—¥∫—≠™’ Deferred gain on restructuring debt

(À¡“¬‡Àµÿ 18 ·≈– 19)

578,656,534.94

(Note 18 and 19)

”√Õßº≈¢“¥∑ÿπ à«π∑’Ë‡°‘π∑ÿπ¢Õß∫√‘…—∑¬àÕ¬ Provision for loss exceed investment in subsidiary companies

(À¡“¬‡Àµÿ 3.7 ·≈– 4.3)

61,759,136.59

29,283,160.40

(Note 3.7 and 4.3)

√«¡Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π

2,880,320,318.58

4,573,989,273.73

2,808,899,109.07

4,434,527,737.70

3,498,581,572.85

5,165,904,803.58

3,204,687,229.05

4,888,387,333.28

Total non-current liabilities

√«¡Àπ’È ‘π TOTAL LIABILITIES

”√Õßº≈¢“¥∑ÿπ à«π∑’Ë‡°‘π∑ÿπ¢Õß∫√‘…—∑¬àÕ¬ Provision for loss exceed investment in subsidiary companies

(À¡“¬‡Àµÿ 3.7 ·≈– 4.3)

(Note 3.7 and 4.3)

18 ∫â“π»ÿ¿“¿√≥å Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿“¿‘√¡¬å Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

Àπà«¬ : ∫“∑ / IN BAHT

ß∫°“√‡ß‘π√«¡ Consolidated (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ The company only (ª√—∫ª√ÿß„À¡à) (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

à«π¢ÕßºŸâ∂◊ÕÀÿâπ Shareholdersû equity

∑ÿπ‡√◊ÕπÀÿâπ (À¡“¬‡Àµÿ 24) Share capital (Note 24)

∑ÿπ®¥∑–‡∫’¬π Authorized share capital

ªï 2545 In 2002

Àÿâπ “¡—≠ ®”π«π 2,000,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1.00 ∫“∑ 2,000,000,000 ordinary shares at Baht 1.00 each

‡ªìπ‡ß‘π 2,000,000,000.00 ∫“∑ Baht 2,000,000,000.00

ªï 2544 In 2001

Àÿâπ “¡—≠ ®”π«π 103,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10.00 ∫“∑ 103,000,000 ordinary shares at Baht 10.00 each

‡ªìπ‡ß‘π 1,030,000,000.00 ∫“∑ Baht 1,030,000,000.00

∑ÿπ∑’ËÕÕ°·≈–‡√’¬°™”√–·≈â« Issued and paid-up share capital

ªï 2545 In 2002

Àÿâπ “¡—≠ ®”π«π 649,715,970 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1.00 ∫“∑ 649,715,970 ordinary shares at Baht 1.00 each

‡ªìπ‡ß‘π 649,715,970.00 ∫“∑ Baht 649,715,970.00

‡√’¬°·≈–™”√–·≈â«‡µÁ¡¡Ÿ≈§à“Àÿâπ

649,715,970.00

Issued and fully paid-up

ªï 2544 In 2001

Àÿâπ “¡—≠ ®”π«π 64,637,497 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10.00 ∫“∑ 64,637,497 ordinary shares at Baht 10.00 each

‡ªìπ‡ß‘π 646,374,970.00 ∫“∑ Baht 646,374,970.00

‡√’¬°·≈–™”√–·≈â«‡µÁ¡¡Ÿ≈§à“Àÿâπ

646,374,970.00

Issued and fully paid-up

à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠

3,658,395.00

1,278,361,216.20

3,658,395.00

1,278,361,216.20

345,036,287.58

347,204,483.22

345,036,287.58

347,204,483.22

Premium on share capital

à«π‡°‘π∑ÿπ®“°°“√µ’√“§“ ‘π∑√—æ¬å Premium on assetsû valuation

(À¡“¬‡Àµÿ 11 ·≈– 13) (Note 11 and 13)

º≈µà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π

13,399,167.25

Less Gain (loss) from currency translation of foreign financial statements

¢“¥∑ÿπ ÿ∑∏‘∑’Ë¬—ß‰¡à‡°‘¥¢ÕßÀ≈—°∑√—æ¬å‡º◊ËÕ¢“¬ Allowance for declining in value of marketable securities

(À¡“¬‡Àµÿ 3.7 ·≈– 9)

(2,821,753.00)

(2,963,771.90)

(2,821,753.00)

(2,963,771.90)

(Note 3.7 and 9)

°”‰√(¢“¥∑ÿπ) – ¡ Retained earnings (deficit)

®—¥ √√·≈â« Appropriated

”√Õßµ“¡°ÆÀ¡“¬

57,377,081.37

Appropriated for legal reserve

¬—ß‰¡à ‰¥â®—¥ √√

917,538,914.84

(1,431,685,122.36)

917,538,914.84

(1,431,685,122.36)

1,913,127,814.42

908,068,023.78

1,913,127,814.42

894,668,856.53

76,163,656.14

109,466,654.10

(116,920,940.07)

(91,043,547.00)

1,872,370,530.49

926,491,130.88

1,913,127,814.42

894,668,856.53

5,370,952,103.34

6,092,395,934.46

5,117,815,043.47

5,783,056,189.81

Unappropriated

√«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ Total shareholdersû equity

à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ Minorities interests in subsidiaries

Àÿâπ “¡—≠∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬ (À¡“¬‡Àµÿ 3.13 ·≈– 4.4) Companyûs shares held by the subsidiaries (Note 3.13 and 4.4)

√«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ- ÿ∑∏‘ Total shareholdersû equity

√«¡Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ TOTAL LIABILITIES AND SHAREHOLDERSû EQUITY

(‚ª√¥¥ŸÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π ´÷Ëß‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È) / (Please see notes to the financial statements which formed an integral part of these statements)

∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ / Supalai Public Co., Ltd. and Its Subsidiaries ß∫°”‰√¢“¥∑ÿπ / Statement of Income ”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 / For the year then ended December 31, 2002 and 2001 ß∫°“√‡ß‘π√«¡ Consolidated (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

Àπà«¬ : ∫“∑ / IN BAHT ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ The company only (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

√“¬‰¥â Revenues

√“¬‰¥â®“°°“√¢“¬·≈–√—∫ª≈Ÿ° √â“ß

1,710,815,481.40

670,515,969.15

1,651,860,071.40

655,640,969.15

112,521,973.63

105,442,896.25

43,602,261.70

44,561,783.04

9,548,895.31

12,133,368.18

9,473,435.31

5,049,368.18

40,441,291.90

Sales and construction income

√“¬‰¥â®“°°“√∫√‘°“√ Service income

√“¬‰¥â®“°°“√º‘¥ —≠≠“®–´◊ÈÕ®–¢“¬ Income from contracts cancellation

°”‰√®“°°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ°“√ª√—∫‚§√ß √â“ßÀπ’È

40,441,291.90

Gain on transfer of assets for restructuring debt

°”‰√®“°°“√‰∂à∂ÕπÀÿâπ°Ÿâ

138,550,178.08

Gain on redemption of debentures

°”‰√®“°°“√¢“¬∑√—æ¬å ‘π

42,888,906.05

2,315,700.61

42,870,910.30

2,286,361.98

Gain on disposal assets

à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬

233,237,788.19

8,999,761.79

8,363,816.92

Share of profits from investments for using the equity method

°”‰√®“°°“√‚Õπ°≈—∫Àπ’È ß —¬®– Ÿ≠

Gain from reversal of Doubtful accounts

°”‰√®“°°“√‚Õπ°≈—∫¢“¥∑ÿπ®“°°“√≈¥¡Ÿ≈§à“ ‘π§â“

226,556,445.51

102,356,594.86

226,556,445.51

102,356,594.86

335,225.54

1,999,924.34

5,563,337.95

4,060,101.92

22,779,420.86

20,891,328.72

20,236,599.93

15,592,719.76

2,272,996,288.17

956,097,074.01

2,147,077,057.10

1,103,226,978.98

1,214,915,210.30

541,354,151.94

1,177,056,893.77

531,294,443.18

38,418,364.02

34,730,136.49

14,619,478.90

10,629,280.09

220,717,321.09

167,158,974.48

189,653,207.59

139,963,218.69

Gain from reversal of loss on devaluation of inventories

√“¬‰¥âÕ◊Ëπ Other

¥Õ°‡∫’È¬√—∫ interest income

Õ◊ËπÊ others

√«¡√“¬‰¥â Total revenues

§à“„™â®à“¬ Expenses

µâπ∑ÿπ¢“¬·≈–√—∫ª≈Ÿ° √â“ß Cost of sales and constructions

µâπ∑ÿπ∫√‘°“√ Cost of services

§à“„™â®à“¬„π°“√¢“¬·≈–°“√∫√‘À“√ Selling and administrative expenses

Àπ’È ß —¬®– Ÿ≠

5,915,933.43

238,704,708.53

6,955,047.05

1,963,433.93

6,955,047.05

1,963,433.93

Doubtful accounts

¢“¥∑ÿπ®“°Õ—µ√“·≈°‡ª≈’Ë¬π Loss on foreign exchange

¢“¥∑ÿπ®“°°“√®”Àπà“¬‡ß‘π≈ß∑ÿπ

250,400.00

Loss on disposal of investment

¢“¥∑ÿπ®“°°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπ

24,439,776.89

2,042,000.00

140,000.00

2,042,000.00

42,990,273.52

22,426,415.33

105,072,830.91

137,545,808.76

Loss on devaluation of investment

¢“¥∑ÿπ®“°°“√≈¥¡Ÿ≈§à“ ‘π§â“§ß‡À≈◊Õ

Loss on devaluation of inventories

¢“¥∑ÿπ®“°°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ°“√ª√—∫‚§√ß √â“ßÀπ’È Loss on transfer of assets for restructuring debt

à«π·∫àß¢“¥∑ÿπ®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬ Share of losses from investments for using the equity method

§à“µÕ∫·∑π°√√¡°“√

830,000.00

280,000.00

830,000.00

280,000.00

1,677,015,639.11

753,444,630.27

1,549,226,851.40

924,877,084.42

595,980,649.06

202,652,443.74

597,850,205.70

178,349,894.56

(145,759,993.32)

(257,614,815.01)

(114,515,090.44)

(227,805,199.76)

(188,538.43)

(577,699.08)

450,032,117.31

(55,540,070.35)

33,302,997.95

6,084,765.15

483,335,115.26

(49,455,305.20)

483,335,115.26

(49,455,305.20)

465,715,485.62

786,854,802.18

465,715,485.62

786,854,802.18

949,050,600.88

737,399,496.98

949,050,600.88

737,399,496.98

Directorsû remuneration

√«¡§à“„™â®à“¬ Total expenses

°”‰√(¢“¥∑ÿπ)°àÕπ¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â Profit (loss) before interest and income tax

¥Õ°‡∫’È¬®à“¬ Interest expenses

¿“…’‡ß‘π‰¥â

Income tax

°”‰√(¢“¥∑ÿπ)°àÕπ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬

483,335,115.26

(49,455,305.20)

Profit (loss) before minority interest

à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π°”‰√(¢“¥∑ÿπ) ÿ∑∏‘

Minority interest

°”‰√(¢“¥∑ÿπ)°àÕπ√“¬°“√æ‘‡»… Profit (loss) before extraordianry items

√“¬°“√æ‘‡»… (À¡“¬‡Àµÿ 18) Extraordinary items (Note 18)

°”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È Profit on restructuring debt

°”‰√(¢“¥∑ÿπ) ÿ∑∏‘ Net profit (loss)

20 ∫â“π»ÿ¿“ ‘π’ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿‡°…¡ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ / Supalai Public Co., Ltd. and Its Subsidiaries ß∫°”‰√¢“¥∑ÿπ (µàÕ) / Statement of Income (Cont.) ”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 / For the year then ended December 31, 2002 and 2001 ß∫°“√‡ß‘π√«¡ Consolidated (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

Àπà«¬ : ∫“∑ / IN BAHT ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ The company only (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

°”‰√(¢“¥∑ÿπ)µàÕÀÿâπ¢—Èπæ◊Èπ∞“π (À¡“¬‡Àµÿ 3.14) Basic earning (loss) per share (Note 3.14)

°”‰√(¢“¥∑ÿπ)°àÕπ√“¬°“√æ‘‡»…

0.75

(0.08)

0.75

(0.08)

0.72

1.30

0.72

1.30

1.47

1.22

1.47

1.22

648,663,326

607,447,123

648,663,326

607,447,123

Profit (loss) before extraordinary item

√“¬°“√æ‘‡»… Extraordinary item

°”‰√(¢“¥∑ÿπ) ÿ∑∏‘ Net profit (loss)

®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬ Number of share average

(‚ª√¥¥ŸÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π ´÷Ëß‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È) (Please see notes to the financial statements which formed an integral part of these statements)

¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡°√“§¡ 2545

»ÿ¿“≈—¬ ª“√å§ §Õπ‚¥œ À√Ÿ °≈“ß∏√√¡™“µ‘ √‘¡∂ππæÀ≈‚¬∏‘π

Balance as at December 31, 2002

¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏—π«“§¡ 2545

Net profit (loss)

°”‰√(¢“¥∑ÿπ) ÿ∑∏‘ª√–®”ß«¥

Unrealized loss on security available for sales

¢“¥∑ÿπ∑’Ë¬—ß‰¡à‡°‘¥¢ÕßÀ≈—°∑√—æ¬å

Gain (loss) from currency translation

º≈µà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π

Minorities interests

à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬

(Note 23.2)

(À¡“¬‡Àµÿ 23.2)

Reverse accrued dividends

‚Õπ°≈—∫‡ß‘πªíπº≈Àÿâπ∫ÿ√‘¡ ‘∑∏‘Ï§â“ß®à“¬

(Note 23.1)

(À¡“¬‡Àµÿ 23.1)

Transferred legal reserve write off

‚Õπ ”√Õßµ“¡°ÆÀ¡“¬µ—¥¢“¥∑ÿπ – ¡

(Note 23.1)

(À¡“¬‡Àµÿ 23.1)

Transferred premium on share capital write off

‚Õπ à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠µ—¥¢“¥∑ÿπ – ¡

Premium on assetsû valuation

µ—¥®”Àπà“¬ à«π‡°‘π∑ÿπ

Subsidiary disposal investment

∫√‘…—∑¬àÕ¬¢“¬‡ß‘π≈ß∑ÿπ

During of increase share capital

‡æ‘Ë¡∑ÿπ√–À«à“ßß«¥

New beginning

¬Õ¥§ß‡À≈◊Õ¬°¡“À≈—ßª√—∫ª√ÿß

(Note 22)

(À¡“¬‡Àµÿ 22)

Retroactive adjustment

√“¬°“√ª√—∫ª√ÿß‚¥¬«‘∏’ª√—∫¬âÕπÀ≈—ßß∫°“√‡ß‘π

Balance as at January 1, 2002

649,715,970.00

3,341,000.00

646,374,970.00

3,658,395.00

(1,278,361,216.20)

3,658,395.00

1,278,361,216.20

¡Ÿ≈§à“Àÿâπ “¡—≠

On Share capital

∑ÿπ‡√◊ÕπÀÿâπ

Share Capital

304,037,162.04

(2,168,195.64)

306,205,357.68

On assetsû valuation

®“°°“√µ’√“§“ ‘π∑√—æ¬å

Premium

à«π‡°‘π∑ÿπ

40,999,125.54

On assetsû valuation of related party

®“°°“√µ’√“§“ ‘π∑√—æ¬å ¢Õß∫√‘…—∑¬àÕ¬

(57,377,081.37)

57,377,081.37

Legal reserve

”√Õßµ“¡ °ÆÀ¡“¬

917,538,914.84

949,050,600.88

63,000,000.00

57,377,081.37

1,278,361,216.20

1,435,138.75

(1,431,685,122.36)

(82,653,545.61)

(1,349,031,576.75)

Unappropriated

¬—ß‰¡à‰¥â®—¥ √√

Retained Earnings

°”‰√(¢“¥∑ÿπ) – ¡

(13,399,167.25)

13,399,167.25

(2,821,753.00)

142,018.90

(2,963,771.90)

Unrealized loss on security available for sales

Gain (loss) from currency translation

13,399,167.25

°”‰√(¢“¥∑ÿπ) ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ ¢ÕßÀ≈—°∑√—æ¬å

º≈µà“ß®“° °“√·ª≈ß§à“ ß∫°“√‡ß‘π

Consolidated

ß∫°“√‡ß‘π√«¡

1,913,127,814.42

949,050,600.88

142,018.90

(13,399,167.25)

63,000,000.00

(733,056.89)

6,999,395.00

908,068,023.78

(82,653,545.61)

990,721,569.39

Total

√«¡∫√‘…—∑„À≠à

∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ / Supalai Public Co., Ltd. and Its Subsidiaries ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ / Statement of Changes in Shareholdersû Equity

”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 / For the year then ended December 31, 2002 and 2001

22 (116,920,940.07)

(25,877,393.07)

(91,043,547.00)

Companyûs Shares held by the Subsidiaries

Àÿâπ “¡—≠ ∑’Ë∂◊Õ‚¥¬ ∫√‘…—∑¬àÕ¬

76,163,656.14

(33,302,997.96)

109,466,654.10

Minorities interests

à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬

1,872,370,530.49

949,050,600.88

142,018.90

(13,399,167.25)

(33,302,997.96)

63,000,000.00

(733,056.89)

(25,877,393.07)

6,999,395.00

926,491,130.88

(82,653,545.61)

1,009,144,676.49

Total

√«¡

Àπà«¬ : ∫“∑ / IN BAHT

¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡°√“§¡ 2544

Balance as at December 31, 2001

¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏—π«“§¡ 2544

Net profit (loss)

°”‰√(¢“¥∑ÿπ) ÿ∑∏‘ª√–®”ß«¥

Unrealized loss on security available for sales

¢“¥∑ÿπ∑’Ë¬—ß‰¡à‡°‘¥¢ÕßÀ≈—°∑√—æ¬å

Gain (loss) from currency translation

º≈µà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π

Minorities interests

à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬

Amortization appraisal surplus

µ—¥®”Àπà“¬ à«π‡°‘π∑ÿπ

Premium on assetsû valuation

à«π‡°‘π∑ÿπ®“°°“√µ’√“§“∑√—æ¬å ‘π

During of increase share capital

‡æ‘Ë¡∑ÿπ√–À«à“ßß«¥

New beginning

¬Õ¥§ß‡À≈◊Õ¬°¡“À≈—ßª√—∫ª√ÿß

(Note 22)

ß∫°“√‡ß‘π (À¡“¬‡Àµÿ 22)

Retroactive adjustment

√“¬°“√ª√—∫ª√ÿß‚¥¬«‘∏’ª√—∫¬âÕπÀ≈—ß

Balance as at January 1, 2001

646,374,970.00

77,520,000.00

568,854,970.00

1,278,361,216.20

84,884,400.00

1,193,476,816.20

¡Ÿ≈§à“Àÿâπ “¡—≠

On Share capital

∑ÿπ‡√◊ÕπÀÿâπ

Share Capital

306,205,357.68

(1,403,579.66)

12,702,691.25

294,906,246.09

On assetsû valuation

®“°°“√µ’√“§“ ‘π∑√—æ¬å

Premium

à«π‡°‘π∑ÿπ

40,999,125.54

On assetsû valuation of related party

®“°°“√µ’√“§“ ‘π∑√—æ¬å ¢Õß∫√‘…—∑¬àÕ¬

57,377,081.37

Legal reserve

”√Õßµ“¡ °ÆÀ¡“¬

(1,431,685,122.36)

737,399,496.98

1,403,579.66

(2,170,488,199.00)

(548,981,675.77)

(1,621,506,523.23)

Unappropriated

13,399,167.25

(9,002,086.17)

22,401,253.42

(2,963,771.90)

1,988,796.50

(4,952,568.40)

908,068,023.78

737,399,496.98

1,988,796.50

(9,002,086.17)

12,702,691.25

162,404,400.00

2,574,725.22

(548,981,675.77)

551,556,400.99

Total

(91,043,547.00)

Companyûs Shares held by the Subsidiaries

Unrealized loss on security available for sales

Gain (loss) from currency translation

√«¡∫√‘…—∑„À≠à

Àÿâπ “¡—≠ ∑’Ë∂◊Õ‚¥¬ ∫√‘…—∑¬àÕ¬

°”‰√(¢“¥∑ÿπ) ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ ¢ÕßÀ≈—°∑√—æ¬å

º≈µà“ß®“° °“√·ª≈ß§à“ ß∫°“√‡ß‘π

Consolidated

ß∫°“√‡ß‘π√«¡

¬—ß‰¡à‰¥â®—¥ √√

Retained Earnings

°”‰√(¢“¥∑ÿπ) – ¡

”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 / For the year then ended December 31, 2002 and 2001

109,466,654.10

(9,534,440.65)

119,001,094.75

926,491,130.88

737,399,496.98

1,988,796.50

(9,002,086.17)

(9,534,440.65)

12,702,691.25

162,404,400.00

30,532,272.97

(548,981,675.77)

579,513,948.74

Total

√«¡

Àπà«¬ : ∫“∑ / IN BAHT

119,001,094.75

Minorities interests

à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬

∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ / Supalai Public Co., Ltd. and Its Subsidiaries ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ (µàÕ) / Statement of Changes in Shareholdersû Equity (Cont.)

»ÿ¿“≈—¬ ªÉ“ —° √’ Õ√å∑ ™’«‘µ„°≈â™‘¥∏√√¡™“µ‘·∑âÊ ·§à √–∫ÿ√’

¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡°√“§¡ 2545

∫â“π»ÿ¿°√—≥¬å Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

Balance as at December 31, 2002

¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏—π«“§¡ 2545

Net profit (loss)

°”‰√(¢“¥∑ÿπ) ÿ∑∏‘ª√–®”ß«¥

Unrealized loss on security available for sales

¢“¥∑ÿπ∑’Ë¬—ß‰¡à‡°‘¥¢ÕßÀ≈—°∑√—æ¬å‡º◊ËÕ¢“¬

(Note 23.2)

(À¡“¬‡Àµÿ 23.2)

Reverse accrued dividends

‚Õπ°≈—∫‡ß‘πªíπº≈Àÿâπ∫ÿ√‘¡ ‘∑∏‘Ï§â“ß®à“¬

(Note 23.1)

(À¡“¬‡Àµÿ 23.1)

Transferred legal reserve write off

‚Õπ ”√Õßµ“¡°ÆÀ¡“¬µ—¥¢“¥∑ÿπ – ¡

(Note 23.1)

(À¡“¬‡Àµÿ 23.1)

Transferred premium on share capital write off

‚Õπ à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠µ—¥¢“¥∑ÿπ – ¡

Premium on assetsû valuation

µ—¥®”Àπà“¬ à«π‡°‘π∑ÿπ

During of increase share capital

‡æ‘Ë¡∑ÿπ√–À«à“ßß«¥

New beginning

¬Õ¥§ß‡À≈◊Õ¬°¡“À≈—ßª√—∫ª√ÿß

(Note 22)

(À¡“¬‡Àµÿ 22)

Retroactive adjustment

√“¬°“√ª√—∫ª√ÿß‚¥¬«‘∏’ª√—∫¬âÕπÀ≈—ßß∫°“√‡ß‘π

Balance as at January 1, 2002

649,715,970.00

3,341,000.00

646,374,970.00

3,658,395.00

(1,278,361,216.20)

3,658,395.00

1,278,361,216.20

On Share capital

Share Capital

646,374,970.00

¡Ÿ≈§à“Àÿâπ “¡—≠

∑ÿπ‡√◊ÕπÀÿâπ

304,037,162.04

(2,168,195.64)

306,205,357.68

On assetsû valuation

®“°°“√µ’√“§“ ‘π∑√—æ¬å

Premium

à«π‡°‘π∑ÿπ

40,999,125.54

On assetsû valuation of related party

®“°°“√µ’√“§“ ‘π∑√—æ¬å ¢Õß∫√‘…—∑¬àÕ¬

The company only

”√Õßµ“¡ °ÆÀ¡“¬

Retained Earnings

(57,377,081.37)

57,377,081.37

¬—ß‰¡à‰¥â®—¥ √√

917,538,914.84

949,050,600.88

63,000,000.00

57,377,081.37

1,278,361,216.20

1,435,138.75

(1,431,685,122.36)

(82,653,545.61)

(1,349,031,576.75)

Unappropriated

°”‰√(¢“¥∑ÿπ) – ¡

57,377,081.37

Legal reserve

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑

(2,821,753.00)

142,018.90

(2,963,771.90)

Unrealized loss on security available for sales

°”‰√(¢“¥∑ÿπ) ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ ¢ÕßÀ≈—°∑√—æ¬å

”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 / For the year then ended December 31, 2002 and 2001

24 1,913,127,814.42

949,050,600.88

142,018.90

63,000,000.00

(733,056.89)

6,999,395.00

894,668,856.53

(82,653,545.61)

977,322,402.14

Total

√«¡

Àπà«¬ : ∫“∑ / IN BAHT

¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡°√“§¡ 2544

Balance as at December 31, 2001

¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏—π«“§¡ 2544

Net profit (loss)

°”‰√(¢“¥∑ÿπ) ÿ∑∏‘ª√–®”ß«¥

Unrealized loss on security available for sales

¢“¥∑ÿπ∑’Ë¬—ß‰¡à‡°‘¥¢ÕßÀ≈—°∑√—æ¬å‡º◊ËÕ¢“¬

Amortization appraisal surplus

µ—¥®”Àπà“¬ à«π‡°‘π∑ÿπ

Premium on assetsû valuation

à«π‡°‘π∑ÿπ®“°°“√µ’√“§“∑√—æ¬å ‘π

During of increase share capital

‡æ‘Ë¡∑ÿπ√–À«à“ßß«¥

New beginning

¬Õ¥§ß‡À≈◊Õ¬°¡“À≈—ßª√—∫ª√ÿß

(Note 22)

(À¡“¬‡Àµÿ 22)

Retroactive adjustment

√“¬°“√ª√—∫ª√ÿß‚¥¬«‘∏’ª√—∫¬âÕπÀ≈—ßß∫°“√‡ß‘π

Balance as at January 1, 2001

646,374,970.00

77,520,000.00

568,854,970.00

1,278,361,216.20

84,884,400.00

1,193,476,816.20

On Share capital

Share Capital

568,854,970.00

¡Ÿ≈§à“Àÿâπ “¡—≠

∑ÿπ‡√◊ÕπÀÿâπ

306,205,357.68

(1,403,579.66)

12,702,691.25

294,906,246.09

On assetsû valuation

®“°°“√µ’√“§“ ‘π∑√—æ¬å

Premium

à«π‡°‘π∑ÿπ

”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 / For the year then ended December 31, 2002 and 2001

40,999,125.54

On assetsû valuation of related party

®“°°“√µ’√“§“ ‘π∑√—æ¬å ¢Õß∫√‘…—∑¬àÕ¬

The company only

”√Õßµ“¡ °ÆÀ¡“¬

Retained Earnings

57,377,081.37

¬—ß‰¡à‰¥â®—¥ √√

(1,431,685,122.36)

737,399,496.98

1,403,579.66

(2,170,488,199.00)

(548,981,675.77)

(1,621,506,523.23)

Unappropriated

°”‰√(¢“¥∑ÿπ) – ¡

57,377,081.37

Legal reserve

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑

(2,963,771.90)

1,988,796.50

(4,952,568.40)

Unrealized loss on security available for sales

°”‰√(¢“¥∑ÿπ) ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ ¢ÕßÀ≈—°∑√—æ¬å

894,668,856.53

737,399,496.98

1,988,796.50

12,702,691.25

162,404,400.00

(19,826,528.20)

(548,981,675.77)

529,155,147.57

Total

√«¡

Àπà«¬ : ∫“∑ / IN BAHT

∫â“π»ÿ¿®“√’ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ / Supalai Public Co., Ltd. and Its Subsidiaries ß∫°√–· ‡ß‘π ¥ / Statement of Cash Flows ”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 / For the year then ended December 31, 2002 and 2001 ß∫°“√‡ß‘π√«¡ Consolidated (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

Àπà«¬ : ∫“∑ / IN BAHT ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ The company only (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

°√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π CASH FLOWS FROM OPERATING ACTIVITIES

°”‰√(¢“¥∑ÿπ) ÿ∑∏‘

949,050,600.88

737,399,496.98

949,050,600.88

737,399,496.98

23,958,493.18

21,204,393.83

19,595,266.99

17,045,989.47

(8,999,761.79)

5,915,933.44

(8,363,816.92)

238,704,708.53

6,955,047.05

10,708,632.02

6,955,047.05

19,937,090.30

(42,888,906.05)

(2,315,700.61)

(42,870,910.30)

(2,286,361.98)

Net Profit (loss)

√“¬°“√ª√—∫ª√ÿß°√–∑∫°”‰√(¢“¥∑ÿπ) ÿ∑∏‘‡ªìπ‡ß‘π ¥ Items to reconcile net profit (loss) to net cash flows

®“°°‘®°√√¡¥”‡π‘πß“π From operating activities

§à“‡ ◊ËÕ¡√“§“·≈–§à“„™â®à“¬µ—¥∫—≠™’ Depreciation and Amortization expense

Àπ’È Ÿ≠·≈–Àπ’È ß —¬®– Ÿ≠ Bad debt and Doubtful accounts

¢“¥∑ÿπ®“°Õ—µ√“·≈°‡ª≈’Ë¬π Loss on foreign exchange

°”‰√®“°°“√®”Àπà“¬∑√—æ¬å ‘π Gain on disposal of assets

°”‰√®“°°“√‰∂à∂ÕπÀÿâπ°Ÿâ

(138,550,178.08)

24,439,776.89

(138,550,178.08)

Gain on redemption of debentures

¢“¥∑ÿπ®“°°“√®”Àπà“¬‡ß‘π≈ß∑ÿπ

Loss on disposal of investments

¢“¥∑ÿπ(°”‰√)®“°°“√ª√—∫‚§√ß √â“ßÀπ’È

(465,715,485.62)

(786,854,802.18)

(465,715,485.62)

(786,854,802.18)

22,426,415.33

(40,441,291.90)

22,426,415.33

(40,441,291.90)

Gain on restructuring debt

¢“¥∑ÿπ(°”‰√)®“°°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ°“√ª√—∫‚§√ß √â“ßÀπ’È Loss (Gain) on transfer assets for restructuring debt

¢“¥∑ÿπ®“°°“√≈¥¡Ÿ≈§à“ ‘π§â“§ß‡À≈◊Õ

42,990,273.52

Loss on devaluation of inventories

°”‰√®“°°“√‚Õπ°≈—∫¢“¥∑ÿπ®“°°“√≈¥¡Ÿ≈§à“ ‘π§â“§ß‡À≈◊Õ

(226,556,445.51)

(102,356,594.86)

(226,556,445.51)

(102,356,594.86)

250,400.00

2,042,000.00

140,000.00

2,042,000.00

Gain from reversal of loss on devaluation of inventories

¢“¥∑ÿπ®“°°“√≈¥¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ Loss on devaluation of investments

°”‰√®“°°“√ª√–πÕ¡Àπ’È

(11,075,031.92)

Gain on composition settlement

√“¬‰¥â®“°°“√º‘¥ —≠≠“®–´◊ÈÕ®–¢“¬

(7,054,000.00)

Income from contracts cancellation

√“¬‰¥â·≈–§à“„™â®à“¬Õ◊Ëπ

31,734,337.05

5,286,089.97

31,648,477.51

8,101,794.49

Others revenue and expenses

º≈µà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π

(12,046,963.02)

(6,084,765.15)

Gain from currency translation of foreign financial statements

à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π°”‰√ ÿ∑∏‘

(33,302,997.96)

Minority interest

à«π·∫àß(°”‰√)¢“¥∑ÿπ®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬

105,072,830.94

137,545,808.76

(233,237,788.19)

274,229,748.17

(141,945,759.34)

Share of (profits)losses from investments for using the equity method

°”‰√®“°°“√¥”‡π‘πß“π°àÕπ°“√‡ª≈’Ë¬π·ª≈ß„π ‘π∑√—æ¬å¥”‡π‘πß“π

279,789,367.91

(174,597,571.48)

Profit (loss) from operations before change in operating assets

26 ∫â“π»ÿ¿®‘µ√“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿≥—∞ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ / Supalai Public Co., Ltd. and Its Subsidiaries ß∫°√–· ‡ß‘π ¥ (µàÕ) / Statement of Cash Flows (Cont.) ”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 / For the year then ended December 31, 2002 and 2001 ß∫°“√‡ß‘π√«¡ Consolidated (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

Àπà«¬ : ∫“∑ / IN BAHT ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ The company only (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

‘π∑√—æ¬å®“°°“√¥”‡π‘πß“π(‡æ‘Ë¡¢÷Èπ)≈¥≈ß Operating assets (increase) decrease

≈Ÿ°Àπ’È°“√§â“- ÿ∑∏‘

639,389.17

2,127,958.60

575,701.50

(266,637.52)

1,458,969.38

(12,764,759.61)

45,379,316.83

2,157,958.60

Trade accounts receivable-Net

≈Ÿ°Àπ’È°“√§â“∏ÿ√°‘®‚√ß·√¡

Trade accounts receivable-Hotel

¡Ÿ≈§à“ß“π∑’Ë‡ √Á®´÷Ëß¬—ß‰¡à∂÷ß°”Àπ¥‡√’¬°‡°Á∫

(8,759,759.61)

40,829,316.82

Unbilled complete work

‡ß‘π∑¥√Õß®à“¬°√√¡°“√·≈–æπ—°ß“π

(2,774,390.48)

(2,768,640.48)

(400,000.00)

719,157.89

Advance to director and employee

‡ß‘π∑¥√Õß·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

Advance to related parties

‘π§â“§ß‡À≈◊Õ

591,964,765.73

309,665,207.19

562,776,592.47

300,655,518.14

(2,754,818.98)

(10,674,177.14)

(2,754,818.98)

(10,674,177.14)

5,193,956.89

4,167,803.31

5,997,360.40

4,846,642.11

(18,945,852.43)

19,524,018.81

(18,087,040.77)

20,285,277.63

560,291,652.77

371,649,096.98

536,579,394.53

358,819,694.05

(4,535,600.86)

(66,464,534.48)

(2,749,734.22)

(68,224,366.25)

16,001,778.33

20,786,385.03

10,372,913.58

17,097,814.04

9,931,814.65

6,160,948.55

(846,976.61)

(2,609,100.60)

18,732,890.53

(27,009,874.05)

19,960,488.51

(26,956,014.97)

40,130,882.65

(66,527,074.95)

26,736,691.26

(80,691,667.78)

880,211,903.33

130,524,450.55

837,545,833.96

136,182,266.93

(1,151,488.24)

(18,132.87)

(1,138,936.32)

(18,132.87)

(686,293.64)

1,848,880.96

(686,293.64)

1,848,880.96

6,747,509.79

(12,242,175.60)

9,283,382.03

177,931.58

76,986,436.42

3,853.62

76,986,436.42

1,364,897.84

3,988,750.00

1,482,087.50

3,988,750.00

1,482,087.50

Inventories

‡ß‘π≈à«ßÀπâ“·°àºŸâ√—∫‡À¡“ Advance to contractors

‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ Other current assets

‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ Other non-current assets

‘π∑√—æ¬å®“°°“√¥”‡π‘πß“π(‡æ‘Ë¡¢÷Èπ)≈¥≈ß Total operating assets (increase) decrease

Àπ’È ‘π®“°°“√¥”‡π‘πß“π‡æ‘Ë¡¢÷Èπ(≈¥≈ß) Operating liabilities increase (decrease)

‡®â“Àπ’È·≈–µ—Î«‡ß‘π®à“¬°“√§â“ Trade accounts and notes payable

‡ß‘π√—∫≈à«ßÀπâ“®“°≈Ÿ°§â“ Prepayments from customers

¥Õ°‡∫’È¬§â“ß®à“¬ Accrued interest expenses

Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ Other current liabilities

Àπ’È ‘π®“°°“√¥”‡π‘πß“π‡æ‘Ë¡¢÷Èπ(≈¥≈ß) Total operating liabilities increase (decrease)

‡ß‘π ¥ ÿ∑∏‘‰¥â¡“(„™â ‰ª)®“°°‘®°√√¡¥”‡π‘πß“π Net cash provided (used) by operating activities

°√–· ‡ß‘π ¥®“°°‘®°√√¡°“√≈ß∑ÿπ CASH FLOWS FROM INVESTING ACTIVITIES

‡ß‘πΩ“°∏π“§“√∑’Ë¡’¿“√–ºŸ°æ—π Collateral deposit

‡ß‘π≈ß∑ÿπ√–¬– —Èπ„πµ—Î« —≠≠“„™â‡ß‘π Short-term investments in promissory notes

´◊ÈÕ ‘π∑√—æ¬å∂“«√ Purchases fixed assets

‘π∑√—æ¬å„Àâ‡™à“ Assets for rent

‡ß‘π¡—¥®”´◊ÈÕ∑’Ë¥‘π Deposits for land

‡ß‘π®à“¬≈à«ßÀπâ“§à“Àÿâπ

(300,000.00)

(2,479,376.11)

Advance for share subscription

‡ß‘π„Àâ°Ÿâ¬◊¡·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß

10,672,763.53

(21,299,632.76)

Loans to related parties

‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑Õ◊Ëπ

(2,084,380.44)

(3,532,862.63)

Loans to other companies

‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å

(848,400.00)

Investment in securities

‚§√ß°“√√–À«à“ß°àÕ √â“ß

15,074.30

1,461,056.62

15,074.30

1,461,056.62

Project during construction

‡ß‘π∑¥√Õß®à“¬·≈–‡ß‘π„Àâ°Ÿâ¬◊¡·°à°√√¡°“√

1,710,296.93

1,888,311.43

Advance and loans to directors

‡ß‘π ¥ ÿ∑∏‘‰¥â¡“(„™â ‰ª)„π°‘®°√√¡≈ß∑ÿπ Net cash provided (used) by investing activities

82,272,212.52

(7,838,513.28)

99,121,176.32

(16,627,462.33)

Àπà«¬ : ∫“∑ / IN BAHT

ß∫°“√‡ß‘π√«¡ Consolidated (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ The company only (ª√—∫ª√ÿß„À¡à) (Restatement) 2545 2544 2002 2001

(4,057,611.08)

2,776,941.50

(10,255,382.26)

(6,074,672.97)

80,918,694.40

130,369,698.41

101,891,151.08

133,335,569.68

(1,024,885,339.72)

(304,873,155.00)

(1,024,885,339.72)

(296,876,765.00)

(12,360,000.00)

(2,296,511.00)

°√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π CASH FLOWS FROM FINANCING ACTIVITIES

‡ß‘π‡∫‘°‡°‘π∫—≠™’∏π“§“√·≈–‡ß‘π°Ÿâ¬◊¡ ∂“∫—π°“√‡ß‘π Bank overdrafts and loans from financial institutions

Àπ’È ‘π√–¬–¬“«‡æ‘Ë¡¢÷Èπ Long-term liabilities

‡®â“Àπ’Èµ“¡ —≠≠“ª√—∫‚§√ß √â“ßÀπ’È Debt restructuring payables

‡ß‘π°Ÿâ¬◊¡®“°°√√¡°“√·≈–æπ—°ß“π

Loans from directors and employees

‡æ‘Ë¡∑ÿπ

3,341,000.00

3,658,395.00

6,562,830.04

Increase share capital

‡æ‘Ë¡ à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠ Increase premium on share capital

Àÿâπ “¡—≠∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬ Companyûs shares held by the subsidiaries

‡ß‘π ¥ ÿ∑∏‘‰¥â¡“(„™â ‰ª)®“°°‘®°√√¡®—¥À“‡ß‘π

(946,822,031.36)

(174,023,026.09)

(926,250,175.90)

(169,615,868.29)

15,662,084.49

(51,337,088.82)

10,416,834.38

(50,061,063.69)

14,227,124.09

65,564,212.91

10,658,418.87

60,719,482.56

29,889,208.58

14,227,124.09

21,075,253.25

10,658,418.87

146,566,360.04

132,874,572.85

132,216,093.44

118,489,638.56

188,538.43

8,435,901.00

Net cash provided (used) by financing activities

‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ÿ∑∏‘ Net increase (decrease) in cash and cash equivalents

‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥µâπß«¥ CASH AND CASH EQUIVALENTS BEGINNING

‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ª≈“¬ß«¥ CASH AND CASH EQUIVALENTS ENDING

°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈‡æ‘Ë¡‡µ‘¡ Supplemental disclosures of cash flows information

‡ß‘π ¥®à“¬„π√–À«à“ßß«¥ ”À√—∫ Cash paid during the period for :

¥Õ°‡∫’È¬®à“¬ Interest expenses

¿“…’‡ß‘π‰¥â

7,828,022.07

Income tax

(‚ª√¥¥ŸÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡ ´÷Ëß‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È) / (Please see notes to the financial statements which formed an integral part of these statements)

28 ∫â“π»ÿ¿¥√—≈ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿πÿ™ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

29 ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π ”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 (Àπà«¬ : ∫“∑)

1. ¢âÕ¡Ÿ≈∑—Ë«‰ª ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ‡ªìπ∫√‘…—∑¡À“™π∑’Ë®¥∑–‡∫’¬π„πª√–‡∑»‰∑¬‡¡◊ËÕ«—π∑’Ë 26 æƒ»®‘°“¬π 2535 ∏ÿ√°‘®À≈—°¢Õß ∫√‘…—∑œ §◊Õ æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å ∂“π∑’Ëµ—Èß·≈–®”π«πæπ—°ß“π¢Õß∫√‘…—∑œ ¡’¥—ßπ’È ∑’Ë∑”°“√¢Õß∫√‘…—∑ 175 Õ“§“√»ÿ¿“≈—¬‡æ≈ ÿ¢ÿ¡«‘∑ 39 ∂ππ ÿ¢ÿ¡«‘∑ ·¢«ß§≈Õßµ—π‡Àπ◊Õ ‡¢µ«—≤π“ °√ÿß‡∑æ¡À“π§√ 10110 ∫√‘…—∑œ ¡’¢âÕ¡Ÿ≈‡°’Ë¬«°—∫æπ—°ß“π¥—ßπ’È ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 31 ∏.§. 2545 31 ∏.§. 2544 31 ∏.§. 2545 31 ∏.§. 2544 ®”π«πæπ—°ß“π (§π) 322 295 184 154 §à“„™â®à“¬‡°’Ë¬«°—∫æπ—°ß“π (≈â“π∫“∑) 62.78 60.13 44.62 42.60

2. ‡°≥±å„π°“√π”‡ πÕß∫°“√‡ß‘π °“√· ¥ß√“¬°“√„πß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ‰¥â∑”¢÷Èπ‡æ◊ËÕ„Àâ‡ªìπ‰ªµ“¡¢âÕ°”Àπ¥„πª√–°“»°√¡∑–‡∫’¬π °“√§â“ ≈ß«—π∑’Ë 14 °—π¬“¬π 2544 ÕÕ°µ“¡§«“¡„πæ√–√“™∫—≠≠—µ‘°“√∫—≠™’ æ.». 2543 „π°“√®—¥∑”ß∫°“√‡ß‘π√«¡ ”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π¢Õß ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ´÷Ëß‡ªìπ∫√‘…—∑„À≠à ‚¥¬‡¢â“∂◊ÕÀÿâπ„π∫√‘…—∑¬àÕ¬¥—ßπ’È ™◊ËÕ∫√‘…—∑ ∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ ∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥

Õ—µ√“ à«πºŸâ∂◊ÕÀÿâπ

ª√–‡¿∑∏ÿ√°‘®

§«“¡ —¡æ—π∏å

100.00% 99.89% 49.89% 49.86%

ºŸâ≈ß∑ÿπ„πµà“ßª√–‡∑» ∫√‘À“√®—¥°“√, ‚√ß·√¡ æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å

∂◊ÕÀÿâπ ∂◊ÕÀÿâπ §«∫§ÿ¡‚¥¬°√√¡°“√ §«∫§ÿ¡‚¥¬°√√¡°“√

”À√—∫ß«¥∫—≠™’ ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑œ‰¥âπ”ß∫°“√‡ß‘π¢Õß ∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ ·≈– ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ ¡“®—¥∑”ß∫°“√‡ß‘π√«¡ ‡π◊ËÕß®“°¡’°“√§«∫§ÿ¡∫√‘…—∑¥—ß°≈à“«‚¥¬°√√¡°“√ºŸâ¡’Õ”π“® * ≥ «—π∑’Ë 27 ¡‘∂ÿπ“¬π 2545 ∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ ‰¥â·®âß„Àâ∑√“∫«à“‰¥â∑”°“√™”√–∫—≠™’·≈–‡≈‘°∫√‘…—∑‡√’¬∫√âÕ¬·≈â« ¥—ßπ—Èπ „π°“√®—¥∑”ß∫°“√‡ß‘π√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ®÷ß‰¡à√«¡ß∫°“√‡ß‘π¢Õß∫√‘…—∑¬àÕ¬¥—ß°≈à“« ß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 ¢Õß ∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ ¬—ß‰¡àºà“π°“√µ√«® Õ∫ ‚¥¬ºŸâ Õ∫∫—≠™’ √—∫Õπÿ≠“µ ‡π◊ËÕß®“°∫√‘…—∑¬àÕ¬¥—ß°≈à“«®¥∑–‡∫’¬π„πµà“ßª√–‡∑»

3. π‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠ 3.1 °“√√—∫√Ÿâ√“¬‰¥â·≈–§à“„™â®à“¬ - ∫√‘…—∑œ∫—π∑÷°√“¬‰¥â·≈–§à“„™â®à“¬µ“¡‡°≥±å§ß§â“ß - ∫√‘…—∑œ∫—π∑÷°√“¬‰¥â ‚¥¬∂◊ÕªØ‘∫—µ‘µ“¡¡“µ√∞“π°“√∫—≠™’‡√◊ËÕß°“√√—∫√Ÿâ√“¬‰¥â ”À√—∫∏ÿ√°‘®Õ —ßÀ“√‘¡∑√—æ¬å °≈à“«§◊Õ °√≥’°“√¢“¬∑’Ë¥‘π Õ“§“√™ÿ¥·≈–∑’Ë¥‘πæ√âÕ¡ ‘Ëßª≈Ÿ° √â“ß ¬°‡«âπ°√≥’ —≠≠“√—∫®â“ßª≈Ÿ° √â“ß∫â“π ∫√‘…—∑œ√—∫√Ÿâ√“¬‰¥âµ“¡

3.2

3.3

3.4

3.5

3.6

3.7

Õ—µ√“ à«π√âÕ¬≈–¢Õßß“π∑’Ë·≈â«‡ √Á®‚¥¬ºŸâ´◊ÈÕµâÕß™”√–‡ß‘π·≈â«‰¡àπâÕ¬°«à“√âÕ¬≈– 20 ¢Õß√“§“µ“¡ —≠≠“·≈–§â“ß™”√– ‰¡à‡°‘π 3 ß«¥ °√≥’Õ“§“√™ÿ¥ °“√∑” —≠≠“®–´◊ÈÕ®–¢“¬µâÕß¡’®”π«π‰¡àπâÕ¬°«à“√âÕ¬≈– 40 ¢Õßæ◊Èπ∑’Ë‡ªî¥¢“¬∑—ÈßÀ¡¥ ·≈–°“√æ—≤π“‚§√ß°“√µâÕß¥”‡π‘π°“√·≈â«‰¡àπâÕ¬°«à“√âÕ¬≈– 10 ¢Õßß“π°àÕ √â“ßµ“¡‚§√ß°“√∑’Ë‡ªî¥¢“¬ - ∫√‘…—∑œ∫—π∑÷°√“¬‰¥â¥Õ°‡∫’È¬‚¥¬§”π«≥µ“¡ —¥ à«π¢Õß√–¬–‡«≈“ ‚¥¬§”π÷ß∂÷ßÕ—µ√“º≈µÕ∫·∑π∑’Ë·∑â®√‘ß¢Õß ‘π∑√—æ¬å - ∫√‘…—∑œ∫—π∑÷°√“¬‰¥â§à“‡™à“µ“¡√–¬–‡«≈“¢Õß —≠≠“‡™à“ - ∫√‘…—∑œ∫—π∑÷°µâπ∑ÿπ¢“¬∫â“πæ√âÕ¡ ‘Ëßª≈Ÿ° √â“ß ‚¥¬°“√§”π«≥·∫àß √√µâπ∑ÿπ°“√æ—≤π“∑—ÈßÀ¡¥¢Õß‚§√ß°“√∑’Ë‡°‘¥¢÷Èπ ®√‘ß ·≈–µâπ∑ÿπª√–¡“≥°“√ µ“¡‡°≥±åæ◊Èπ∑’Ë¢“¬ ·≈â«®–√—∫√Ÿâ‡ªìπµâπ∑ÿπ¢“¬„πß∫°”‰√¢“¥∑ÿπµ“¡À≈—°‡°≥±å„π°“√ ∫—π∑÷°√—∫√Ÿâ√“¬‰¥â®“°°“√¢“¬ - ∫√‘…—∑œ∫—π∑÷°µâπ∑ÿπ¢“¬Õ“§“√™ÿ¥ ‚¥¬°“√§”π«≥·∫àß √√µâπ∑ÿπ°“√æ—≤π“∑—ÈßÀ¡¥¢Õß‚§√ß°“√∑’Ë‡°‘¥¢÷Èπ®√‘ß ·≈– µâπ∑ÿπª√–¡“≥°“√ µ“¡‡°≥±åæ◊Èπ∑’Ë¢“¬ ·≈â«®–√—∫√Ÿâ‡ªìπµâπ∑ÿπ¢“¬„πß∫°”‰√¢“¥∑ÿπµ“¡Õ—µ√“ à«π¢Õßß“π∑’Ë∑”‡ √Á® ∑’Ëª√–‡¡‘π‚¥¬«‘»«°√ºŸâ§«∫§ÿ¡‚§√ß°“√ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ À¡“¬√«¡∂÷ß ‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√´÷Ëß∂÷ß°”Àπ¥®à“¬§◊π„π√–¬–‡«≈“‰¡à ‡ °‘ π 3 ‡¥◊Õπ ·≈–‰¡à¡’¿“√–ºŸ°æ—π ‡ß‘πΩ“°∏π“§“√∑’Ë¡’¿“√–ºŸ°æ—π ‡ß‘πΩ“°∏π“§“√ÕÕ¡∑√—æ¬å·≈–‡ß‘πΩ“°ª√–®” ∑’Ë¡’¿“√–ºŸ°æ—πµàÕ ∂“∫—π°“√‡ß‘π‡π◊ËÕß®“°°“√§È”ª√–°—π¿“√–Àπ’È ‘π¢Õß ∫√‘…—∑œ ‡ß‘π≈ß∑ÿπ™—Ë«§√“« ‡ß‘π≈ß∑ÿπ™—Ë«§√“« À¡“¬∂÷ß µ—Î« —≠≠“„™â‡ß‘π·≈–‡ß‘πΩ“°ª√–®”∏π“§“√∑’Ë¡’°”Àπ¥®à“¬§◊π‡¡◊ËÕ§√∫°”Àπ¥‡°‘π°«à“ 3 ‡¥◊Õπ ·≈–‰¡à¡’¿“√–ºŸ°æ—π §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬µ—Èß§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠‡∑à“°—∫®”π«π∑’Ë§“¥«à“®–‡√’¬°‡°Á∫‡ß‘π®“°≈Ÿ°Àπ’È ‰¡à ‰¥â °“√ª√–¡“≥°“√ ¥—ß°≈à“«Õ“»—¬ª√– ∫°“√≥å¢ÕßΩÉ“¬∫√‘À“√ª√–°Õ∫°—∫°“√æ‘®“√≥“∞“π–°“√‡ß‘πªí®®ÿ∫—π¢Õß≈Ÿ°Àπ’È ‘π§â“§ß‡À≈◊Õ ∫√‘…—∑œµ’√“§“ ‘π§â“§ß‡À≈◊Õ„π√“§“∑ÿπ‚¥¬«‘∏’‡©æ“–‡®“–®ßÀ√◊Õ¡Ÿ≈§à“ ÿ∑∏‘∑’Ë®–‰¥â√—∫·≈â«·µà√“§“„¥®–µË”°«à“ ∑’Ë¥‘πæ—≤π“‡æ◊ËÕ¢“¬·≈–Õ“§“√™ÿ¥√–À«à“ß°àÕ √â“ß ª√–°Õ∫¥â«¬µâπ∑ÿπ¢Õß∑’Ë¥‘π ¥Õ°‡∫’È¬®“°‡ß‘π°Ÿâ∑’Ë‡°’Ë¬«¢âÕß·≈–√“¬®à“¬ „π°“√æ—≤π“·≈–°àÕ √â“ß∑—Èß ‘Èπ ÿ∑∏‘®“°µâπ∑ÿπ¢Õß∑’Ë¥‘π·≈–Õ“§“√™ÿ¥∑’Ë¢“¬·≈â« ‡ß‘π≈ß∑ÿπ√–¬–¬“« - ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ∫√‘…—∑œ∫—π∑÷°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‚¥¬ª√—∫·≈–√—∫√Ÿâº≈°”‰√(¢“¥∑ÿπ)¢Õß∫√‘…—∑¬àÕ¬ ´÷Ëß§”π«≥®“°ß∫°“√‡ß‘πß«¥≈à“ ÿ¥ „π°√≥’∫√‘…—∑¬àÕ¬¢“¥∑ÿπ‡°‘π°«à“∑ÿπ∑’Ë¡’ ∫√‘…—∑œ®–≈¥∫—≠™’‡ß‘π≈ß∑ÿπ¥—ß°≈à“« ‡ªìπ»Ÿπ¬å·≈–√—∫√Ÿâ à«π¢“¥∑ÿπ∑’Ë‡°‘π°«à“‡ß‘π≈ß∑ÿπ∑’Ë ‰¡à‡°‘π°«à“¿“√–ºŸ°æ—π∑’Ë∫√‘…—∑„À≠à‡¢â“§È”ª√–°—π„Àâ°—∫ ∫√‘…—∑¬àÕ¬ · ¥ß‡ªìπ√“¬°“√ ç ”√Õßº≈¢“¥∑ÿπ à«π∑’Ë‡°‘π∑ÿπ¢Õß∫√‘…—∑¬àÕ¬é „π à«π¢ÕßÀπ’È ‘π„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ·≈– „π°√≥’∑’Ë∫√‘…—∑„À≠à ‰¡à¡’¿“√–§È”ª√–°—π„Àâ°—∫∫√‘…—∑¬àÕ¬¥—ß°≈à“« ∫√‘…—∑œ®–∫—π∑÷° à«π¢“¥∑ÿπ∑’Ë‡°‘π°«à“‡ß‘π≈ß∑ÿπ· ¥ß ‡ªìπ√“¬°“√ ç ”√Õßº≈¢“¥∑ÿπ à«π∑’Ë‡°‘π∑ÿπ¢Õß∫√‘…—∑¬àÕ¬é Õ¬Ÿà√–À«à“ßÀπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ„πß∫¥ÿ≈π’È - ‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å ‡ß‘π≈ß∑ÿπ„πÀπà«¬≈ß∑ÿπ°Õß∑ÿπ√«¡ ∫√‘…—∑œ∂◊Õ‡ªìπÀ≈—°∑√—æ¬å‡º◊ËÕ¢“¬ · ¥ß¥â«¬¡Ÿ≈§à“¬ÿµ‘∏√√¡ ∫√‘…—∑œ √—∫√Ÿâ°“√‡ª≈’Ë¬π ·ª≈ß‰ª‡ªìπ√“¬°“√·¬°µà“ßÀ“°„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ ·≈–®–∫—π∑÷°„πß∫°”‰√¢“¥∑ÿπ‡¡◊ËÕ∫√‘…—∑œ‰¥â®”Àπà“¬‡ß‘π≈ß∑ÿππ—Èπ - ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ‡ªìπ‡ß‘π≈ß∑ÿπ„πµ√“ “√∑ÿπ∑’Ë ‰¡à Õ ¬Ÿà „π§«“¡µâÕß°“√¢Õßµ≈“¥´÷Ëß∫√‘…—∑œ∂◊Õ‡ªìπ‡ß‘π≈ß∑ÿπ∑—Ë«‰ª · ¥ß‰«â „π√“§“∑ÿπ ÿ∑∏‘®“°§à“‡º◊ËÕ°“√≈¥¡Ÿ≈§à“¢ÕßÀ≈—°∑√—æ¬å

30 ∫â“π»ÿ¿æ—≤πå Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿¡—≥±‘√“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

31 3.8 ‘π∑√—æ¬å„Àâ‡™à“·≈–§à“‡ ◊ËÕ¡√“§“ ‘π∑√—æ¬å„Àâ‡™à“· ¥ßµ“¡√“§“∑ÿπÀ≈—ßÀ—°§à“‡ ◊ËÕ¡√“§“ – ¡ §à“‡ ◊ËÕ¡√“§“¢Õß ‘π∑√—æ¬å„Àâ‡™à“§”π«≥®“°√“§“∑ÿπ¢Õß ‘π∑√—æ¬å‚¥¬«‘∏’‡ âπµ√ßµ“¡Õ“¬ÿ°“√„™âß“π‚¥¬ª√–¡“≥ 5-20 ªï 3.9 ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å·≈–§à“‡ ◊ËÕ¡√“§“ ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å· ¥ßµ“¡√“§“∑ÿπÀ≈—ßÀ—°§à“‡ ◊ËÕ¡√“§“ – ¡ §à“‡ ◊ËÕ¡√“§“¢ÕßÕ“§“√·≈–Õÿª°√≥å§”π«≥®“° √“§“∑ÿπ¢Õß ‘π∑√—æ¬å‚¥¬«‘∏’‡ âπµ√ßµ“¡Õ“¬ÿ°“√„™âß“π‚¥¬ª√–¡“≥ 5-20 ªï ‰¡à¡’°“√§‘¥§à“‡ ◊ËÕ¡√“§“ ”À√—∫∑’Ë¥‘π ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬¡’°“√ª√–‡¡‘π√“§“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬å∂“«√∑’Ë∫√‘…—∑œ§√Õ∫§√Õß·≈–¬—ß„™âª√–‚¬™πå ‡¡◊Ë Õ ¡’ ‡Àµÿ°“√≥åÀ√◊Õ ∂“π°“√≥å∑’Ë∑”„Àâ°≈ÿà¡∫√‘…—∑œ‡™◊ËÕ«à“ ‘π∑√—æ¬å√–¬–¬“«π—Èπ®–‡°‘¥°“√¥âÕ¬§à“ °≈à“«§◊Õª√–¡“≥°“√¡Ÿ≈§à“ ∑’Ë§“¥«à“®–‰¥â√—∫§◊π¢Õß ‘π∑√—æ¬åµË”°«à“√“§“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬å„π°√≥’∑’Ë‡°‘¥°“√¥âÕ¬§à“ ∫√‘…—∑œ®–√—∫√Ÿâ√“¬°“√¢“¥∑ÿπ ®“°°“√¥âÕ¬§à“¢Õß ‘π∑√—æ¬å„π à«π∑’Ë√“§“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬åπ—Èπ Ÿß°«à“√“§“¢“¬ ÿ∑∏‘À√◊Õ¡Ÿ≈§à“®“°°“√„™â ‘π∑√—æ¬å·≈â« ·µà®”π«π„¥®– Ÿß°«à“ 3.10 °”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È∑’Ë¡’ªí≠À“ ∫√‘ …— ∑ œ·≈–∫√‘…—∑¬àÕ ¬∂◊Õ ªØ‘∫—µ‘π ‚¬∫“¬°“√∫— ≠ ™’ ”À√— ∫ °“√ª√— ∫ ‚§√ß √â “ ßÀπ’È ∑’Ë ¡’ªí ≠ À“‚¥¬„π°√≥’ ∑’Ë ‡ ®â “ Àπ’È≈¥Àπ’È „ Àâ ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬∫—π∑÷°®”π«πÀπ’È∑’Ë ‰¥â√—∫°“√≈¥Àπ’È‡©æ“– à«π∑’Ë‡°‘π°«à“®”π«π¢Õß¥Õ°‡∫’È¬∑’ËµâÕß®à“¬∑—ÈßÀ¡¥µ≈Õ¥ Õ“¬ÿµ“¡ —≠≠“„À¡à‡ªìπ°”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È ‚¥¬· ¥ß‡ªìπ√“¬°“√æ‘‡»…„πß∫°”‰√¢“¥∑ÿπ 3.11 √“¬°“√∫—≠™’∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑» √“¬°“√∫—≠™’∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑»„π√–À«à“ßß«¥‰¥â∫—π∑÷°∫—≠™’‡ªìπ‡ß‘π∫“∑µ“¡Õ—µ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë‡°‘¥√“¬°“√ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑» ≥ «—π∑’Ë „πß∫¥ÿ≈ ‰¥â·ª≈ß§à“‡ªìπ‡ß‘π∫“∑¥â«¬Õ—µ√“·≈°‡ª≈’Ë¬π ≥ «—ππ—Èπ °”‰√ À√◊Õ¢“¥∑ÿπ®“°°“√·ª≈ß§à“‰¥â∫—π∑÷°‡ªìπ√“¬‰¥âÀ√◊Õ§à“„™â®à“¬¢Õßß«¥ 3.12 °“√„™âª√–¡“≥°“√∑“ß∫—≠™’ „π°“√®—¥∑”ß∫°“√‡ß‘πµ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ΩÉ“¬∫√‘À“√µâÕß„™â°“√ª√–¡“≥·≈–µ—Èß¢âÕ ¡¡µ‘∞“πÀ≈“¬ª√–°“√ ´÷Ëß¡’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®√‘ßÕ“®·µ°µà“ß‰ª®“°®”π«π∑’Ëª√–¡“≥‰«â 3.13 Àÿâπ “¡—≠∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬ (Àÿâπ “¡—≠´◊ÈÕ§◊π) „π°“√®—¥∑”ß∫°“√‡ß‘π√«¡‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å∑’Ë‡ªìπÀÿâπ “¡—≠¢Õß∫√‘…—∑œ∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬ ∫—π∑÷°„π√“§“∑ÿπ· ¥ß ‡ªìπ√“¬°“√À—°„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ„πß∫°“√‡ß‘π√«¡‚¥¬„™â«‘∏’°“√∑“ß∫—≠™’‡¥’¬«°—∫°“√∫—π∑÷°Àÿâπ “¡—≠´◊ÈÕ§◊π 3.14 °”‰√(¢“¥∑ÿπ)µàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√(¢“¥∑ÿπ)µàÕÀÿâπ¢—Èπæ◊Èπ∞“π §”π«≥‚¥¬°“√À“√°”‰√(¢“¥∑ÿπ) ÿ∑∏‘¥â«¬®”π«πÀÿâπ∂—«‡©≈’Ë¬∑’ËÕÕ°·≈–‡√’¬°™”√–·≈â« ≥ «—π ‘Èπß«¥

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∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ 4.2 ‡ß‘π„Àâ°Ÿâ¬◊¡·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π - ÿ∑∏‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏.§. 2544 ∫√‘…—∑ ¡—Ëπ§ß‡Õ ‡µ∑ ®”°—¥ ‡ß‘πµâπ ∫«° ¥Õ°‡∫’È¬§â“ß√—∫ √«¡

2,362,500.00 116,076.11 2,478,576.11

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏.§. 2544 ‡ß‘πµâπ ∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ ∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ √«¡ ∫«° ¥Õ°‡∫’È¬§â“ß√—∫ ∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ ∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ √«¡ √«¡∑—Èß ‘Èπ À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ÿ∑∏‘

ß∫°“√‡ß‘π√«¡ √“¬°“√‡§≈◊ËÕπ‰À«√–À«à“ßß«¥ ‡æ‘Ë¡¢÷Èπ ≈¥≈ß

302,230,145.55 38,841,456.16 8,797,643.13 349,869,244.84 113,626,170.29 18,429,873.47 8,883,661.35 140,939,705.11 490,808,949.95 (344,737,620.34) 146,071,329.61

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ √“¬°“√‡§≈◊ËÕπ‰À«√–À«à“ßß«¥ ‡æ‘Ë¡¢÷Èπ ≈¥≈ß -

302,230,145.55

65,280,000.00 15,999,900.00 30,000.00 65,310,000.00 318,230,045.55 -

113,626,170.29

2,337,515.84 5,806.12 2,483,042.96 481,583.78 5,302,142.58 113,631,976.41 70,612,142.58 431,862,021.96 (17,077,336.72) 343,622,068.79

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏.§. 45 2,362,500.00 116,076.11 2,478,576.11

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏.§. 45 65,280,000.00 22,841,556.16 8,827,643.13 96,949,199.29 2,331,709.72 20,912,916.43 9,365,245.13 32,609,871.28 129,559,070.57 (18,192,888.27) 111,366,182.30

∫√‘…—∑œ§‘¥¥Õ°‡∫’È¬‡ß‘π„Àâ°Ÿâ¬◊¡√–À«à“ß°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π„πÕ—µ√“ MLR µàÕªï ¬°‡«âπ∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ §‘¥¥Õ°‡∫’È¬„πÕ—µ√“√âÕ¬≈– 10 µàÕªï ∫â“π»ÿ¿√µ“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿√—µπ“(„À¡à) Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

33 4.3 ‡ß‘π≈ß∑ÿπ„π°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π —¥ à«π ∫√‘…—∑ ª√–‡¿∑ ‡ß‘π≈ß∑ÿπ °‘®°“√ √âÕ¬≈– Inter United Investment Inc. ∏ÿ√°‘®≈ß∑ÿπ 22.00 Mancon Investment Group Co.,Ltd. ∏ÿ√°‘®≈ß∑ÿπ 22.00 √«¡

ß∫°“√‡ß‘π√«¡ ∑ÿπ™”√–·≈â« ‡ß‘π≈ß∑ÿπ ‡ß‘πµ√“ µà“ßª√–‡∑» ≥ «—π∑’Ë 31 ∏.§. 45 ≥ «—π∑’Ë 31 ∏.§. 44 USD.8,000,000.00 133,347,234.96 HKD.2,000,000.00 2,512,211.51 135,859,446.47

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 —¥ à«π ‡ß‘π≈ß∑ÿπ ª√–‡¿∑ ‡ß‘π≈ß∑ÿπ ∑ÿπ «‘∏’ «‘∏’ ∫√‘…—∑ °‘®°“√ √âÕ¬≈– ™”√–·≈â« √“§“∑ÿπ à«π‰¥â‡ ’¬ ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ∫√‘À“√®—¥°“√, 99.89 20,000,000.00 19,977,600.00 17,167,280.98 ·¡‡π®‡¡âπ∑å ®”°—¥ ‚√ß·√¡ * ∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ ºŸâ≈ß∑ÿπ„π 100.00 50,840,000.00 50,840,000.00 µà“ßª√–‡∑» ∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ æ—≤π“Õ —ßÀ“ 49.89 191,500,000.00 105,370,000.00 156,315,369.62 √‘¡∑√—æ¬å ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ æ—≤π“Õ —ßÀ“ 49.86 70,000,000.00 34,900,000.00 √‘¡∑√—æ¬å √«¡ 173,482,650.60 ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 —¥ à«π ‡ß‘π≈ß∑ÿπ ∫√‘…—∑ ª√–‡¿∑ ‡ß‘π≈ß∑ÿπ ∑ÿπ «‘∏’ «‘∏’ °‘®°“√ √âÕ¬≈– ™”√–·≈â« √“§“∑ÿπ à«π‰¥â‡ ’¬ ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ∫√‘À“√®—¥°“√, 99.89 20,000,000.00 19,977,600.00 17,050,350.42 ·¡‡π®‡¡âπ∑å ®”°—¥ ‚√ß·√¡ * ∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ ºŸâ≈ß∑ÿπ„π 100.00 50,840,000.00 50,840,000.00 105,072,830.94 µà“ßª√–‡∑» ∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ æ—≤π“Õ —ßÀ“ 49.89 191,500,000.00 105,370,000.00 156,429,301.81 √‘¡∑√—æ¬å ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ æ—≤π“Õ —ßÀ“ 49.86 70,000,000.00 34,900,000.00 √‘¡∑√—æ¬å 278,552,483.17 √«¡ * ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ §”π«≥®“°ß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∑’Ë¬—ß‰¡àºà“π°“√µ√«® Õ∫‚¥¬ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ ‡π◊ËÕß®“°‡ªìπ ∫√‘…—∑∑’Ë®¥∑–‡∫’¬π„πµà“ßª√–‡∑»

- ”√Õßº≈¢“¥∑ÿπ à«π∑’Ë‡°‘π∑ÿπ¢Õß∫√‘…—∑¬àÕ¬ „π°√≥’∑’Ë∫√‘…—∑¬àÕ¬¢“¥∑ÿπ‡°‘π°«à“∑ÿπ∑’Ë¡’Õ¬Ÿà ∫√‘…—∑œ®–≈¥∫—≠™’‡ß‘π≈ß∑ÿπ¥—ß°≈à“«‡ªìπ»Ÿπ¬å·≈–· ¥ß¬Õ¥‡ªìπ ç ”√Õß à«π∑’Ë‡°‘π∑ÿπ¢Õß∫√‘…—∑¬àÕ¬é ‰«â „π à«π¢ÕßÀπ’È ‘π„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ —¥ à«π°“√∂◊ÕÀÿâπ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 2544 2545 2544 ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ 49.86% 49.86% 61,759,136.59 29,283,160.40 ∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ 100.00% 100.00% √«¡ 61,759,136.59 29,283,160.40 4.4 Àÿâπ “¡—≠∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡ ®”π«πÀÿâπ ∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ ∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ √«¡

√“§“∑ÿπ

2545 1,640,000

2544 2,047,900

2545 2544 51,640,940.07 82,643,547.00

3,000,000 4,640,000

3,000,000 5,047,900

65,280,000.00 8,400,000.00 116,920,940.07 91,043,547.00

4.5 ‡ß‘π®à“¬≈à«ßÀπâ“§à“Àÿâπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬

∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ ∫√‘…—∑ ‡´“∑å‡∑Õ√åπ Œ‘≈≈å ®”°—¥ √«¡

ß∫°“√‡ß‘π√«¡ 2545 2544 1,550,000.00 1,250,000.00 1,550,000.00 1,250,000.00

4.6 √“¬‰¥â¥Õ°‡∫’È¬®“°‡ß‘π„Àâ°Ÿâ¬◊¡·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 4.7 √“¬‰¥â§à“‡™à“®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 2544 3,800,000.00 3,800,000.00 3,800,000.00 3,800,000.00 ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 2544 5,369,689.30 2,164,139.31 2,520,000.00 2,520,000.00

4.8 ∫√‘…—∑„À≠à§È”ª√–°—π¿“√–Àπ’È „Àâ°—∫∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ „π«ß‡ß‘π 180 ≈â“π∫“∑ (ªï 2544 : 180 ≈â“π∫“∑)

34 ∫â“π»ÿ¿√“™ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿«√√≥(æ‘‡»…) Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

35 5. ≈Ÿ°Àπ’È°“√§â“- ÿ∑∏‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡ 2545 2544 ®”π«π‡ß‘πµ“¡∑’Ë ‰¥â∑” —≠≠“®–´◊ÈÕ®–¢“¬·≈â« 12,176,147,025.32 10,200,039,517.02 —¥ à«π√âÕ¬≈–¡Ÿ≈§à“√«¡¢Õß‚§√ß°“√ 52.64 49.96 §à“ß«¥∑’Ë∂÷ß°”Àπ¥™”√– 10,828,076,826.60 9,105,800,947.98 À—° ‡ß‘π™”√–·≈â« (10,806,427,741.68) (9,076,573,834.98) ≈Ÿ°Àπ’È§à“ß«¥∑’Ë§â“ß™”√– 21,649,084.92 29,227,113.00 À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ (1,929,644.00) (8,992,644.00) √«¡ 19,719,440.92 20,234,469.00

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 2544 11,298,317,224.12 9,418,828,391.82 51.98 49.38 10,019,854,225.40 8,372,389,522.78 (9,998,738,813.90) (8,350,698,409.78) 21,115,411.50 21,691,113.00 (1,667,644.00) (1,667,644.00) 19,447,767.50 20,023,469.00

≈Ÿ°Àπ’È§à“ß«¥∑’Ë§â“ß™”√– ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 “¡“√∂·¬°µ“¡Õ“¬ÿÀπ’È∑’Ë§â“ß™”√–‰¥â¥—ßπ’È ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 2544 2545 2544 πâÕ¬°«à“ 3 ‡¥◊Õπ 5,361,572.42 7,800,951.00 5,150,899.00 7,629,951.00 ¡“°°«à“ 3 ‡¥◊Õπ‰¡à‡°‘π 6 ‡¥◊Õπ 8,537,673.00 255,900.00 8,537,673.00 225,900.00 ¡“°°«à“ 6 ‡¥◊Õπ‰¡à‡°‘π 1 ªï 776,600.00 245,300.00 715,600.00 235,300.00 ¡“°°«à“ 1 ªï 6,973,239.50 20,924,962.00 6,711,239.50 13,599,962.00 √«¡ 21,649,084.92 29,227,113.00 21,115,411.50 21,691,113.00 À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ (1,929,644.00) (8,992,644.00) (1,667,644.00) (1,667,644.00) ÿ∑∏‘ 19,719,440.92 20,234,469.00 19,447,767.50 20,023,469.00 ≈Ÿ°Àπ’È§à“ß«¥§â“ß™”√–‡°‘π°«à“ 1 ªï ÿ∑∏‘®“°§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 „πß∫°“√‡ß‘π√«¡ ®”π«π 5.04 ≈â“π∫“∑·≈– 11.93 ≈â“π∫“∑µ“¡≈”¥—∫ ·≈–„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ®”π«π 5.04 ≈â“π∫“∑ ·≈– 11.93 ≈â“π∫“∑ µ“¡≈”¥—∫ ∫√‘…—∑œ ¡‘‰¥â∫—π∑÷°§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ‡π◊ËÕß®“°∫√‘…—∑œ ¬—ß‰¡à ‰¥â ‚Õπ°√√¡ ‘∑∏‘Ï„π ‘π§â“„Àâ°—∫ºŸâ´◊ÈÕ·≈–‡¡◊ËÕºŸâ´◊ÈÕº‘¥ —≠≠“ ∫√‘…—∑œ ®–°≈—∫√“¬°“√∑’Ë‡§¬∫—π∑÷°‰«â·≈–√—∫√Ÿâ‡ß‘π∑’Ë™”√–‰«â‡ªìπ√“¬‰¥â®“°°“√º‘¥ —≠≠“®–´◊ÈÕ®–¢“¬„πß«¥∫—≠™’π—Èπ

6. ¡Ÿ≈§à“ß“π∑’Ë‡ √Á®´÷Ëß¬—ß‰¡à∂÷ß°”Àπ¥‡√’¬°‡°Á∫ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡

°“√√—∫√Ÿâ√“¬‰¥âµ“¡Õ—µ√“¢Õßß“π∑’Ë∑”‡ √Á® À—° §à“ß«¥∑’Ë∂÷ß°”Àπ¥™”√–·≈â« √«¡ √“¬°“√¥—ß°≈à“«ª√–°Õ∫¥â«¬ ¡Ÿ≈§à“ß“π∑’Ë‡ √Á®´÷Ëß¬—ß‰¡à∂÷ß°”Àπ¥‡√’¬°‡°Á∫ À—° §à“ß«¥∑’Ë¬—ß‰¡à√—∫√Ÿâ‡ªìπ√“¬‰¥â √«¡

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 2544 2545 2544 10,821,825,451.83 9,104,354,853.61 10,008,790,650.63 8,366,641,228.41 (10,828,076,826.60) (9,105,800,947.98) (10,019,854,225.40) (8,372,389,522.78) (6,251,374.77) (1,446,094.37) (11,063,574.77) (5,748,294.37) 112,768,570.62 100,003,811.01 (119,019,945.39) (101,449,905.38) (6,251,374.77) (1,446,094.37)

101,836,870.62 (112,900,445.39) (11,063,574.77)

93,077,111.01 (98,825,405.38) (5,748,294.37)

7. ‘π§â“§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡ ∑’Ë¥‘π Õ“§“√™ÿ¥ ∫â“π·≈–Õ“§“√æ“≥‘™¬å√–À«à“ß°àÕ √â“ß Õ◊ËπÊ √«¡ À—° §à“‡º◊ËÕ¡Ÿ≈§à“∑’Ë≈¥≈ß¢Õß ‘π§â“§ß‡À≈◊Õ ÿ∑∏‘

2545 3,042,178,103.40 381,927,027.10 510,277,261.15 588,499.99 3,934,970,891.64 (191,765,835.38) 3,743,205,056.26

2544 3,463,986,786.51 870,979,460.68 357,480,926.98 482,472.86 4,692,929,647.03 (375,332,007.37) 4,317,597,639.66

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 2544 2,749,436,891.70 3,160,799,908.89 381,927,027.10 870,979,460.68 443,032,920.46 277,900,885.96 3,574,396,839.26 4,309,680,255.53 (63,898,496.86) (290,454,942.37) 3,510,498,342.40 4,019,225,313.16

≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡ ¡Ÿ≈§à“µâπ∑ÿπ‚§√ß°“√ À—° ‚Õπ‡ªìπµâπ∑ÿπ¢“¬ ‚Õπ‡ªìπ ‘π∑√—æ¬å„Àâ‡™à“ ‚Õπ‡ªìπ ‘π∑√—æ¬å∂“«√ ‚Õπµ’∑√—æ¬å™”√–Àπ’Èª√—∫‚§√ß √â“ßÀπ’È √«¡ ‘π§â“§ß‡À≈◊Õ ÿ∑∏‘ À—° §à“‡º◊ËÕ°“√≈¥¡Ÿ≈§à“¢Õß ‘π§â“§ß‡À≈◊Õ ÿ∑∏‘

2545 12,351,589,150.30 (6,591,672,825.85) (212,513,549.62) (220,571,995.40) (1,391,859,887.79) (8,416,618,258.66) 3,934,970,891.64 (191,765,835.38) 3,743,205,056.26

2544 11,667,731,603.60 (5,278,364,062.19) (203,560,400.54) (231,542,984.13) (1,261,334,509.71) (6,974,801,956.57) 4,692,929,647.03 (375,332,007.37) 4,317,597,639.66

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 2544 11,356,027,092.98 10,680,548,096.82 (6,131,146,242.05) (4,855,695,794.62) (200,486,083.50) (184,728,507.85) (58,138,040.38) (69,109,029.11) (1,391,859,887.79) (1,261,334,509.71) (7,781,630,253.72) (6,370,867,841.29) 3,574,396,839.26 4,309,680,255.53 (63,898,496.86) (290,454,942.37) 3,510,498,342.40 4,019,225,313.16

„πªï 2545 ∫√‘…—∑œ‰¥â∑”°“√ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È°—∫ ∂“∫—π°“√‡ß‘π ‚¥¬∑”°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕµ—¥™”√–Àπ’È√“§“µ“¡∫—≠™’®”π«π 130.53 ≈â“π∫“∑ (‚ª√¥¥ŸÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π ¢âÕ∑’Ë 18) „πªï 2544 ∫√‘…—∑œ‰¥â∑”°“√ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È°—∫ ∂“∫—π°“√‡ß‘π ‚¥¬∑”°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕµ—¥™”√–Àπ’È√“§“µ“¡∫—≠™’®”π«π 262.91 ≈â“π∫“∑ (‚ª√¥¥ŸÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π ¢âÕ∑’Ë 18)

8. ‡ß‘π¡—¥®”´◊ÈÕ∑’Ë¥‘π ‡ß‘π¡—¥®”´◊ÈÕ∑’Ë¥‘π ‡°‘¥®“°°“√∑’Ë∫√‘…—∑œ∑” —≠≠“®–´◊ÈÕ®–¢“¬∑’Ë¥‘π·≈–«“ß‡ß‘π¡—¥®”°—∫ºŸâ¢“¬

36 ∫â“π»ÿ¿ ‘√‘ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿Õ“¿“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

37 9. ‡ß‘π≈ß∑ÿπ√–¬–¬“« ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡ 2545 ‡ß‘π≈ß∑ÿπ ∑—Ë«‰ª 3,248,400.00 (1,242,400.00) 2,006,000.00

Àπà«¬≈ß∑ÿπ°Õß∑ÿπ√«¡ µ√“ “√∑ÿπ∑’Ë ‰¡àÕ¬Ÿà „π§«“¡µâÕß°“√¢Õßµ≈“¥ ¢“¥∑ÿπ∑’Ë¬—ß‰¡à‡°‘¥¢ÕßÀ≈—°∑√—æ¬å‡º◊ËÕ¢“¬ §à“‡º◊ËÕ°“√≈¥¡Ÿ≈§à“¢Õß‡ß‘π≈ß∑ÿπ∑—Ë«‰ª ÿ∑∏‘

À≈—°∑√—æ¬å ‡º◊ËÕ¢“¬ 4,010,000.00 (2,821,753.00) 1,188,247.00

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 À≈—°∑√—æ¬å ‡ß‘π≈ß∑ÿπ ‡º◊ËÕ¢“¬ ∑—Ë«‰ª √«¡ 4,010,000.00 4,010,000.00 2,000,000.00 2,000,000.00 (2,821,753.00) (2,821,753.00) (1,132,000.00) (1,132,000.00) 1,188,247.00 868,000.00 2,056,247.00

ß∫°“√‡ß‘π√«¡/ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2544 À≈—°∑√—æ¬å ‡ß‘π≈ß∑ÿπ ‡º◊ËÕ¢“¬ ∑—Ë«‰ª √«¡ 4,010,000.00 4,010,000.00 2,000,000.00 2,000,000.00 (2,963,771.90) (2,963,771.90) (992,000.00) (992,000.00) 1,046,228.10 1,008,000.00 2,054,228.10

√«¡ 4,010,000.00 3,248,400.00 (2,821,753.00) (1,242,400.00) 3,194,247.00

10. ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«Õ◊Ëπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡ 2545 2544 ∫√‘…—∑ ·Õ≈≈“¬¥å æ√ÁÕæ‡æÕ√åµ’È ∑’¡‡«Õ√å§ ®”°—¥ ‡ß‘πµâπ ¥Õ°‡∫’È¬§â“ß√—∫ √«¡ À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ÿ∑∏‘

22,508,582.63 2,790,187.85 25,298,770.48 (25,298,770.48) -

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 2544 -

22,508,582.63 2,790,187.85 25,298,770.48 (25,298,770.48) -

11. ‚§√ß°“√√–À«à“ß°àÕ √â“ß ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 2544 2545 2544 536,193,154.17 536,193,154.17 536,193,154.17 536,193,154.17 259,228,745.37 259,228,745.37 259,228,745.37 259,228,745.37 2,654,899.20 2,113,715.54 2,654,899.20 2,113,715.54 5,908,055.98 7,918,602.15 5,908,055.98 7,918,602.15 803,984,854.72 805,454,217.23 803,984,854.72 805,454,217.23

Õ“§“√√–À«à“ß°àÕ √â“ß à«π‡°‘π∑ÿπ®“°°“√µ’√“§“Õ“§“√ ‡øÕ√åπ‘‡®Õ√å√–À«à“ß°“√µ‘¥µ—Èß ß“π√–À«à“ß°àÕ √â“ßÕ◊Ëπ √«¡

„πªï 2542 ∫√‘…—∑œ ‰¥â¡’°“√ª√–‡¡‘π√“§“ß“π√–À«à“ß°àÕ √â“ß‚§√ß°“√ »ÿ¿“≈—¬ ·°√π¥å ∑“«‡«Õ√å ‚¥¬ºŸâª√–‡¡‘π√“§“Õ‘ √– ´÷Ëß √“§“¬ÿµ‘∏√√¡∑’Ëª√–‡¡‘π„À¡à¡’√“§“ Ÿß°«à“√“§“µ“¡∫—≠™’ ®”π«π 259.2 ≈â“π∫“∑ ∫√‘…—∑œ‰¥â∫—π∑÷°‡ªìπ à«π‡°‘π∑ÿπ®“°°“√µ’√“§“ ‘π∑√—æ¬å‚¥¬· ¥ß‰«â „π à«π¢ÕßºŸâ∂◊ÕÀÿâπ ß“π√–À«à“ß°àÕ √â“ß à«π„À≠à¢â“ßµâπ‰¥â®¥®”πÕß‡ªìπÀ≈—°∑√—æ¬å§È”ª√–°—π ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√·≈– ∂“∫—π °“√‡ß‘π „πªï 2544 ∫√‘…—∑œ‰¥â∑”°“√ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È°—∫ ∂“∫—π°“√‡ß‘π ‚¥¬∑”°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕµ—¥™”√–Àπ’È√“§“µ“¡∫—≠™’®”π«π 0.5 ≈â“π∫“∑ (‚ª√¥¥ŸÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π ¢âÕ∑’Ë 18)

12. ‘π∑√—æ¬å„Àâ‡™à“- ÿ∑∏‘ ß∫°“√‡ß‘π√«¡ ∑’Ë¥‘π √“§“∑ÿπ ¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡.§. 45 14,736,941.01 √“¬°“√‡æ‘Ë¡¢÷Èπ √“¬°“√≈¥≈ß √“¬°“√‚Õπ∑√—æ¬å ‘π (5,846,255.45) ¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏.§. 45 8,890,685.56 §à“‡ ◊ËÕ¡√“§“ – ¡ ¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡.§. 45 √“¬°“√‡æ‘Ë¡¢÷Èπ √“¬°“√≈¥≈ß √“¬°“√‚Õπ∑√—æ¬å ‘π ¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏.§. 45 √“§“µ“¡∫—≠™’ ≥ «—π∑’Ë 31 ∏.§. 45 8,890,685.56 √“§“µ“¡∫—≠™’ ≥ «—π∑’Ë 31 ∏.§. 44 14,736,941.01 §à“‡ ◊ËÕ¡√“§“ª√–®”ªï 2545 §à“‡ ◊ËÕ¡√“§“ª√–®”ªï 2544 -

Õ“§“√æ“≥‘™¬å

ÀâÕß™ÿ¥

‡§√◊ËÕßµ°·µàß ÀâÕß™ÿ¥

√«¡

4,094,951.68 183,500,540.62 (47,520,243.36) (958,171.12) 24,855,262.28 3,136,780.56 160,835,559.54

15,646,790.15 217,979,223.46 (2,584,743.05) (50,104,986.41) 1,454,288.21 19,505,123.92 14,516,335.31 187,379,360.97

604,048.44 11,376,254.82 235,761.38 10,364,947.03 (6,190,656.01) (291,592.43) 548,217.39 15,550,545.84 2,588,563.17 145,285,013.70 3,490,903.24 172,124,285.80 235,761.38 10,364,947.03 5,843.30 7,036,210.07

3,663,761.27 15,644,064.53 3,117,019.17 13,717,727.58 (866,115.65) (7,056,771.66) (291,592.43) 5,914,664.79 22,013,428.02 8,601,670.52 165,365,932.95 11,983,028.88 202,335,158.93 3,117,019.17 13,717,727.58 2,909,653.14 9,951,706.51

38 ∫â“π»ÿ¿— √“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿“∏√ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

39 ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑

√“§“∑ÿπ ¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡.§. 45 √“¬°“√‡æ‘Ë¡¢÷Èπ √“¬°“√≈¥≈ß √“¬°“√‚Õπ∑√—æ¬å ‘π ¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏.§. 45 §à“‡ ◊ËÕ¡√“§“ – ¡ ¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡.§. 45 √“¬°“√‡æ‘Ë¡¢÷Èπ √“¬°“√≈¥≈ß √“¬°“√‚Õπ∑√—æ¬å ‘π ¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏.§. 45 √“§“µ“¡∫—≠™’ ≥ «—π∑’Ë 31 ∏.§. 45 √“§“µ“¡∫—≠™’ ≥ «—π∑’Ë 31 ∏.§. 44 §à“‡ ◊ËÕ¡√“§“ª√–®”ªï 2545 §à“‡ ◊ËÕ¡√“§“ª√–®”ªï 2544

ÀâÕß™ÿ¥

‡§√◊ËÕßµ°·µàß ÀâÕß™ÿ¥

∑’Ë¥‘π

Õ“§“√æ“≥‘™¬å

183,500,540.62 15,646,790.15 199,147,330.77 (47,520,243.36) (2,584,743.05) (50,104,986.41) 24,855,262.28 1,454,288.21 26,309,550.49 160,835,559.54 14,516,335.31 175,351,894.85

11,376,254.82 3,663,761.27 15,040,016.09 10,364,947.03 3,117,019.17 13,481,966.20 (6,190,656.01) (866,115.65) (7,056,771.66) 15,550,545.84 5,914,664.79 21,465,210.63 145,285,013.70 8,601,670.52 153,886,684.22 172,124,285.80 11,983,028.88 184,107,314.68 10,364,947.03 3,117,019.17 13,481,966.20 7,036,210.07 2,909,653.14 9,945,863.21

‘π∑√—æ¬å„Àâ‡™à“¢â“ßµâπ‰¥â®¥®”πÕß‡ªìπÀ≈—°∑√—æ¬å§È”ª√–°—π‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π

√«¡

182,566,399.41

√“§“µ“¡∫—≠™’ ≥ «—π∑’Ë 31 ∏.§. 45

√“§“µ“¡∫—≠™’ ≥ «—π∑’Ë 31 ∏.§. 44

¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏.§. 45

§à“‡ ◊ËÕ¡√“§“ª√–®”ªï 2545 §à“‡ ◊ËÕ¡√“§“ª√–®”ªï 2544

182,566,399.41

¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏.§. 45

§à“‡ ◊ËÕ¡√“§“ – ¡ ¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡.§. 45 √“¬°“√‡æ‘Ë¡¢÷Èπ √“¬°“√≈¥≈ß √“¬°“√‚Õπ∑√—æ¬å ‘π

182,566,399.41 -

√“§“∑ÿπ ¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡.§. 45 √“¬°“√‡æ‘Ë¡¢÷Èπ √“¬°“√≈¥≈ß √“¬°“√‚Õπ∑√—æ¬å ‘π

∑’Ë¥‘π

13. ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å- ÿ∑∏‘

∫â“π»ÿ¿“∏√(„À¡à) Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

2,224,385.66 2,490,681.17

29,423,419.35

22,286,977.17

22,096,260.03

21,621,292.20 2,224,385.66 (1,702,775.12) (46,642.71)

44,383,237.20

51,044,711.55 105,000.00 (6,766,474.35) -

Õ“§“√·≈– ‘Ëßª≈Ÿ° √â“ß

1,586,617.89 1,800,066.85

17,863,673.68

20,106,096.90

24,862,616.32

23,317,438.34 1,586,617.89 (28,599.64) (12,840.27)

44,968,713.22

41,181,112.02 3,900,324.18 (29,372.98) (83,350.00)

ÀâÕß™ÿ¥·≈– Õ“§“√æ“≥‘™¬å

111,692,882.08

111,692,882.08 -

1,217,200.77 1,219,189.14

15,197,152.22

13,246,894.56

9,911,889.86

9,146,862.61 1,217,200.77 (452,173.52) -

23,158,784.42

24,344,014.83 (1,185,230.41) -

217,937.96 218,535.06

2,773,567.83

2,555,629.87

1,803,129.38

1,585,191.42 217,937.96 -

4,358,759.25

4,358,759.25 -

à«π‡°‘π∑ÿπ®“°°“√µ’√“§“ ‘π∑√—æ¬å‡æ‘Ë¡ Õ“§“√·≈– ÀâÕß™ÿ¥·≈– ∑’Ë¥‘π ‘Ëßª≈Ÿ° √â“ß Õ“§“√æ“≥‘™¬å

1,473,338.55 1,426,187.17

4,270,654.74

5,243,641.54

28,637,926.90

27,164,588.35 1,473,338.55 -

33,881,568.44

31,435,243.09 2,545,828.06 (99,502.71)

‡§√◊ËÕß®—°√·≈– Õÿª°√≥å

ß∫°“√‡ß‘π√«¡

1,600,395.27 1,716,173.59

4,847,657.62

6,037,767.30

29,281,483.96

29,506,998.20 1,600,395.27 (1,837,326.47) 11,416.96

35,319,251.26

34,354,655.82 2,628,644.20 (1,837,351.47) 173,302.71

‡§√◊ËÕßµ°·µàß ·≈–‡§√◊ËÕß„™â ”π—°ß“π

697,571.81 783,953.50

1,971,810.27

2,217,137.25

16,239,323.75

15,821,155.29 697,571.81 (280,826.66) 1,423.31

18,456,461.00

17,792,965.56 1,030,227.90 (376,282.46) 9,550.00

¬“πæ“Àπ–

1,223,317.69 984,527.48

4,455,264.68

3,740,935.61

32,930,486.65

31,707,168.96 1,223,317.69 -

36,671,422.26

36,162,433.64 508,988.62 -

√–∫∫ “∏“√≥Ÿª‚¿§

ß“π√–À«à“ß °àÕ √â“ß

10,240,765.60 10,639,313.96

375,062,481.88

369,694,361.69

165,763,116.85

159,870,695.37 10,240,765.60 (4,301,701.41) (46,642.71)

535,457,478.54

534,933,177.25 10,719,012.96 (10,194,711.67) -

√«¡

17,087,795.38

√“§“µ“¡∫—≠™’ ≥ «—π∑’Ë 31 ∏.§. 45

√“§“µ“¡∫—≠™’ ≥ «—π∑’Ë 31 ∏.§. 44

1,794,184.29 2,141,895.85

25,339,865.14

18,481,981.62

19,912,313.26

19,820,904.09 1,794,184.29 (1,702,775.12) -

38,394,294.88

45,160,769.23 (6,766,474.35) -

1,586,617.89 1,800,066.85

17,863,673.68

20,106,096.90

24,862,616.32

23,317,438.34 1,586,617.89 (28,599.64) (12,840.27)

44,968,713.22

41,181,112.02 3,900,324.18 (29,372.98) (83,350.00)

ÀâÕß™ÿ¥·≈– Õ“§“√æ“≥‘™¬å

29,513,837.10

29,513,837.10 -

1,217,200.77 1,219,189.14

15,197,152.22

13,246,894.56

9,911,889.86

9,146,862.61 1,217,200.77 (452,173.52) -

23,158,784.42

24,344,014.83 (1,185,230.41) -

217,937.96 218,535.06

2,773,567.83

2,555,629.87

1,803,129.38

1,585,191.42 217,937.96 -

4,358,759.25

4,358,759.25 -

309,624.06 220,054.52

672,154.23

1,690,900.61

14,865,892.27

14,556,268.21 309,624.06 -

16,556,792.88

15,228,422.44 1,427,873.15 (99,502.71)

‡§√◊ËÕß®—°√·≈– Õÿª°√≥å

845,981.21 1,193,973.64

2,000,890.18

3,495,267.38

22,302,164.69

23,282,092.99 845,981.21 (1,837,326.47) 11,416.96

25,797,432.07

25,282,983.17 2,178,497.66 (1,837,351.47) 173,302.71

‡§√◊ËÕßµ°·µàß ·≈–‡§√◊ËÕß„™â ”π—°ß“π

141,754.61 306,411.20

246,538.82

920,561.08

14,394,101.31

14,361,693.07 141,754.61 (110,769.68) 1,423.31

15,314,662.39

14,608,231.89 811,480.72 (114,600.22) 9,550.00

¬“πæ“Àπ–

√–∫∫ “∏“√≥Ÿª‚¿§

ß“π√–À«à“ß °àÕ √â“ß

6,113,300.79 7,100,126.26

110,695,474.58

107,098,964.50

108,052,107.09

106,070,450.73 6,113,300.79 (4,131,644.43) -

215,151,071.59

216,765,925.31 8,318,175.71 (9,933,029.43) -

√«¡

„πªï 2542 ∫√‘…—∑œ‰¥â¡’°“√ª√–‡¡‘π√“§“¢Õß ‘π∑√—æ¬å ‚¥¬ºŸâª√–‡¡‘π√“§“Õ‘ √– ´÷Ëß√“§“¬ÿµ‘∏√√¡∑’Ëª√–‡¡‘π„À¡à¡’√“§“ Ÿß°«à“√“§“µ“¡∫—≠™’ ®”π«π 61.6 ≈â“π∫“∑ ∫√‘…—∑œ‰¥â∫—π∑÷°‡ªìπ à«π‡°‘π∑ÿπ®“°°“√µ’√“§“ ‘π∑√—æ¬å ‚¥¬· ¥ß‰«â „π à«π¢ÕßºŸâ∂◊ÕÀÿâπ „πªï 2544 ∫√‘…—∑œ‰¥â∑”°“√ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È°—∫ ∂“∫—π°“√‡ß‘π ‚¥¬∑”°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕµ—¥™”√–Àπ’È√“§“µ“¡∫—≠™’®”π«π 1.31 ≈â“π∫“∑ (‚ª√¥¥ŸÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π ¢âÕ∑’Ë 18) ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬ ‰¥â®¥®”πÕß∑’Ë¥‘π ¡Ÿ≈§à“ 25.35 ≈â“π∫“∑ ·≈– ‘Ëßª≈Ÿ° √â“ß §È”ª√–°—π‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π

¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏.§. 45

§à“‡ ◊ËÕ¡√“§“ª√–®”ªï 2545 §à“‡ ◊ËÕ¡√“§“ª√–®”ªï 2544

17,087,795.38

¬Õ¥§ß‡À≈◊Õ ≥ 31 ∏.§. 45

§à“‡ ◊ËÕ¡√“§“ – ¡ ¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡.§. 45 √“¬°“√‡æ‘Ë¡¢÷Èπ √“¬°“√≈¥≈ß √“¬°“√‚Õπ∑√—æ¬å ‘π

17,087,795.38 -

√“§“∑ÿπ ¬Õ¥§ß‡À≈◊Õ ≥ 1 ¡.§. 45 √“¬°“√‡æ‘Ë¡¢÷Èπ √“¬°“√≈¥≈ß √“¬°“√‚Õπ∑√—æ¬å ‘π

∑’Ë¥‘π

Õ“§“√·≈– ‘Ëßª≈Ÿ° √â“ß

∫â“π»ÿ¿“¿√≥å Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

14. ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬

‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√

ß∫°“√‡ß‘π√«¡ 2545 2544 112,631,004.37 116,668,615.45

ß∫°“√‡ß‘π√«¡ 2545 2544 20,000,000.00 20,000,000.00

15. Àÿâπ°Ÿâ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬

Àÿâπ°Ÿâ (§√∫°”Àπ¥‰∂à∂Õπ) * Àÿâπ°Ÿâ-®“° —≠≠“ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È

* ∫√‘…—∑¬àÕ¬‰¥â‡¢â“ «¡ ‘∑∏‘Ï„πÀÿâπ°Ÿâ®“°‡®â“Àπ’Èµ“¡ —≠≠“ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È¢Õß∫√‘…—∑

16. ‡®â“Àπ’È‡™à“´◊ÈÕ- ÿ∑∏‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡ 2545 98,140.00 183,492.00 281,632.00 (281,632.00) -

‡®â“Àπ’ÈºàÕπ™”√– ‡®â“Àπ’È‡™à“´◊ÈÕ √«¡ À—° à«π∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï ‡®â“Àπ’È‡™à“´◊ÈÕ- ÿ∑∏‘

2544 98,140.00 428,148.00 526,288.00 (342,582.40) 183,705.60

17. ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬ ß∫°“√‡ß‘π√«¡ 2545 2544 ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« ®“°∏π“§“√ ®“°∫√‘…—∑‡ß‘π∑ÿπ √«¡ À—° à«π∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«- ÿ∑∏‘

401,741,854.09 402,966,918.11 292,290,007.99 272,493,750.45 84,717,887.15 2,574,128.73 82,094,893.54 486,459,741.24 405,541,046.84 374,384,901.53 272,493,750.45 (2,622,993.61) (574,805.56) 483,836,747.63 404,966,241.28 374,384,901.53 272,493,750.45

42 ∫â“π»ÿ¿“¿‘√¡¬å Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿“ ‘π’ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

43 ‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√·≈–∫√‘…—∑‡ß‘π∑ÿπ¢â“ßµâπ§È”ª√–°—π‚¥¬∑’Ë¥‘π¢Õß∫√‘…—∑œ πÕ°‡Àπ◊Õ®“°°“√§È”ª√–°—π à«πµ—«‚¥¬ºŸâ∂◊ÕÀÿâπÀ√◊Õ ºŸâ∫√‘À“√¢Õß∫√‘…—∑œ ‚¥¬∫√‘…—∑®–µâÕß®à“¬™”√–§◊π‡ß‘π°Ÿâ‡¡◊ËÕ‰¥â√—∫™”√–‡ß‘π®“°≈Ÿ°§â“ ≥ «—π‚Õπ°√√¡ ‘∑∏‘ÏÕ —ßÀ“√‘¡∑√—æ¬å∑’Ë¢“¬„Àâ °—∫≈Ÿ°§â“À√◊Õ‡¡◊ËÕ§√∫°”Àπ¥™”√–µ“¡ —≠≠“ ¿“¬„µâ —≠≠“‡ß‘π°Ÿâ∑’Ë∫√‘…—∑œ ∑”°—∫∏π“§“√·≈–∫√‘…—∑‡ß‘π∑ÿπÀ≈—°∑√—æ¬å¥—ß°≈à“« ∫√‘…—∑œ µâÕßªØ‘∫—µ‘µ“¡¢âÕªØ‘∫—µ‘µà“ßÊ µ“¡∑’Ë√–∫ÿ‰«â „π —≠≠“

18. ‡®â“Àπ’Èµ“¡ —≠≠“ª√—∫‚§√ß √â“ßÀπ’È ∫√‘…—∑œ‰¥âµ°≈ß‡¢â“√à«¡°√–∫«π°“√ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È°—∫ ”π—°ß“π§≥–°√√¡°“√‡æ◊ËÕ àß‡ √‘¡°“√ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È ∏π“§“√·Ààßª√–‡∑»‰∑¬„π«—π∑’Ë 21 ¡‘∂ÿπ“¬π 2542 ∫√‘…—∑‰¥â·µàßµ—Èß∫√‘…—∑‡ß‘π∑ÿπ∑‘ ‚°â ®”°—¥ (¡À“™π) ‡ªìπ∑’Ëª√÷°…“∑“ß°“√‡ß‘π ·≈–‰¥â®—¥ª√–™ÿ¡‡æ◊ËÕÀ“√◊Õ√–À«à“ß∫√‘…—∑œ·≈–‡®â“Àπ’È æ√âÕ¡·µàßµ—Èß§≥–°√√¡°“√‡®â“Àπ’È‡ªìπµ—«·∑π¢Õß‡®â“Àπ’È „π°“√‡®√®“ √«¡∑—Èß ‡ªìπ·°ππ”„π°“√ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È¥â«¬„π«—π∑’Ë 12 °√°Æ“§¡ 2542 „π«—π∑’Ë 24 °ÿ¡¿“æ—π∏å 2543 ∫√‘…—∑œ ·≈–‡®â“Àπ’È §ªπ.‰¥â≈ßπ“¡„π·ºπ°“√ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È ´÷Ëß∫√‘…—∑œ ‰¥âπ”‡ πÕ„Àâ‡®â“Àπ’È ‡¡◊ÕË «—π∑’Ë 18 ¡°√“§¡ 2543 ‚¥¬„π¢≥–π’∑È “ß∫√‘…∑— œ‰¥â‡´Áπ —≠≠“ª√—∫‚§√ß √â“ßÀπ’°È ∫— ‡®â“Àπ’ È ∂“∫—π°“√‡ß‘π·≈â«®”π«π 17 —≠≠“ ¡Ÿ≈Àπ’Èµ“¡ —≠≠“‡ß‘πµâπ®”π«π 6,079.85 ≈â“π∫“∑ ¥Õ°‡∫’È¬§ß§â“ß®”π«π 2,032.95 ≈â“π∫“∑ √«¡‡ªìπ¡Ÿ≈Àπ’È‡æ◊ËÕ∑”°“√ª√—∫ ‚§√ß √â“ßÀπ’È®”π«π 8,112.80 ≈â“π∫“∑ ¡’√“¬≈–‡Õ’¬¥¥—ßπ’È ªï 2545 ∫√‘…—∑œ‰¥â≈ßπ“¡„π∫—π∑÷°¢âÕµ°≈ß·°â ‰¢‡æ‘Ë¡‡µ‘¡ —≠≠“ª√—∫‚§√ß √â“ßÀπ’È 1 —≠≠“ ´÷Ëß‰¥â≈ßπ“¡„πªï 2544 ¡Ÿ≈Àπ’Èµ“¡ —≠≠“‡ß‘πµâπ ®”π«π 477.01 ≈â“π∫“∑ ¥Õ°‡∫’È¬§ß§â“ß®”π«π 358.92 ≈â“π∫“∑ √«¡‡ªìπ¡Ÿ≈Àπ’È‡æ◊ËÕ∑”°“√ª√—∫‚§√ß √â“ßÀπ’È®”π«π 835.93 ≈â“π ∫“∑ ¡’√“¬≈–‡Õ’¬¥¥—ßπ’È ∫“∑ µ—Î« —≠≠“„™â‡ß‘π 477,012,896 ¥Õ°‡∫’È¬§ß§â“ß 358,924,639 835,937,535 À—° °“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕÀ—°°≈∫≈∫Àπ’È ‘π (65,241,000) Àπ’È ‘πµ“¡·ºπ°“√°“√ª√—∫‚§√ß √â“ßÀπ’È- ÿ∑∏‘ 770,696,535 Àπ’È ‘π√–¬–¬“« 190,000,000 ¥Õ°‡∫’È¬®à“¬„πÕπ“§µ 51,346,849 241,346,849 Àπ’È ‘π Ÿß°«à“°√–· ‡ß‘π ¥®à“¬®“°°“√ª√—∫‚§√ß √â“ßÀπ’È 529,349,686 ¢“¥∑ÿπ®“°°“√¢“¬ ‘π∑√—æ¬å‡æ◊ËÕª√—∫‚§√ß √â“ßÀπ’È (63,634,200) √“¬°“√æ‘‡»…°”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È 465,715,486 ¿“¬„µâ‡ß◊ËÕπ‰¢¢Õß —≠≠“ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È∑’Ë·°â ‰¢‡æ‘Ë¡‡µ‘¡ √ÿª “√– ”§—≠‰¥â¥—ßπ’È - ‚Õπ∑√—æ¬å™”√–Àπ’È ∫√‘…—∑œ‰¥â∑”°“√‚Õπ∑’Ë¥‘π‡æ◊ËÕ∑”‚§√ß°“√ ‡æ◊ËÕµ—¥™”√–Àπ’È°—∫‡®â“Àπ’È√“§“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬å‡∑à“°—∫ 130.53 ≈â“π∫“∑ ´÷Ëß Ÿß°«à“√“§“¬ÿµ‘∏√√¡®”π«π 23.93 ≈â“π∫“∑ ∫√‘…—∑œ‰¥â∫—π∑÷°¢“¥∑ÿπ®“°°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ°“√ª√—∫‚§√ß √â“ßÀπ’È∑—Èß ®”π«π · ¥ß‡ªìπ√“¬°“√°”‰√„πß∫°”‰√¢“¥∑ÿπ ·≈–¡’¢“¥∑ÿπ®“°°“√ª√—∫‚§√ß √â“ßÀπ’È®“°°“√‚Õπ ‘π∑√—æ¬å™”√–Àπ’È®”π«π 61.59 ≈â“π∫“∑ - ®à“¬™”√–Àπ’È ‘π√–¬–¬“« ‡ß‘πµâπ ®”π«π 190 ≈â“π∫“∑ Õ—µ√“¥Õ°‡∫’È¬ MLR+2% µàÕªï ®à“¬™”√–¿“¬„π 36 ‡¥◊Õπ π—∫·µà«—π≈ßπ“¡„π —≠≠“ ªï 2544 ∫√‘…—∑œ‰¥â≈ßπ“¡„π —≠≠“ª√—∫‚§√ß √â“ßÀπ’È°—∫‡®â“Àπ’È ∂“∫—π°“√‡ß‘π‡æ‘Ë¡®“°ªï 2543 Õ’° 4 —≠≠“ ¡Ÿ≈Àπ’Èµ“¡ —≠≠“‡ß‘πµâπ®”π«π

‡ß‘πµâπ ®”π«π 1,223.77 ≈â“π∫“∑ ¥Õ°‡∫’È¬§ß§â“ß®”π«π 781.65 ≈â“π∫“∑ √«¡‡ªìπ¡Ÿ≈Àπ’È‡æ◊ËÕ∑”°“√ª√—∫‚§√ß √â“ßÀπ’È®”π«π 2,005.42 ≈â“π∫“∑ ¡’√“¬≈–‡Õ’¬¥¥—ßπ’È ∫“∑ ‡®â“Àπ’È‡ß‘π°Ÿâ¬◊¡ 378,020,500 µ—Î« —≠≠“„™â‡ß‘π 845,746,830 ¥Õ°‡∫’È¬§ß§â“ß 781,649,582 2,005,416,912 À—° °“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕÀ—°°≈∫≈¥Àπ’È ‘π (317,373,538) °“√ÕÕ°Àÿâπ°Ÿâ·ª≈ß ¿“æ (81,447,000) ®à“¬™”√–‡ªìπ‡ß‘π ¥ (53,000,408) Àπ’È ‘πµ“¡·ºπ°“√°“√ª√—∫‚§√ß √â“ßÀπ’È- ÿ∑∏‘ 1,553,595,966 Àÿâπ°Ÿâ™π‘¥‰¡à¡’À≈—°ª√–°—π 165,343,000 Àπ’È ‘π√–¬–¬“« 207,806,979 ¥Õ°‡∫’È¬®à“¬„πÕπ“§µ 81,297,998 °”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È√Õµ—¥∫—≠™’ 578,656,535 1,033,104,512 Àπ’È ‘π Ÿß°«à“°√–· ‡ß‘π ¥®à“¬®“°°“√ª√—∫‚§√ß √â“ßÀπ’È 520,491,454 ¢“¥∑ÿπ®“°°“√¢“¬ ‘π∑√—æ¬å‡æ◊ËÕª√—∫‚§√ß √â“ßÀπ’È (9,773,543) √—∫√Ÿâ°”‰√®“°°“√ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È√Õµ—¥∫—≠™’ 276,136,891 √“¬°“√æ‘‡»…°”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È 786,854,802 ¿“¬„µâ‡ß◊ËÕπ‰¢¢Õß —≠≠“ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È „πªï 2544 ∑—ÈßÀ¡¥ √ÿª “√– ”§—≠‰¥â¥—ßπ’È - ≈¥Àπ’Èµ“¡ —≠≠“ µ“¡ —≠≠“ª√—∫‚§√ß √â“ßÀπ’È‡®â“Àπ’È ‰¥â¡’¢âÕµ°≈ß„π°“√≈¥‡ß‘πµâπ·≈–¥Õ°‡∫’È¬§â“ß™”√–‡¥‘¡µ“¡ —≠≠“ ≥ «—πª√—∫‚§√ß √â“ßÀπ’È ®”π«π 1,208.85 ≈â“π∫“∑ - ‚Õπ∑√—æ¬å™”√–Àπ’È ∫√‘…—∑œ‰¥â∑”°“√‚Õπ∑’Ë¥‘π‡æ◊ËÕ∑”‚§√ß°“√ ‚§√ß°“√√–À«à“ß°àÕ √â“ß ·≈– ‘π∑√—æ¬å∂“«√ ‡æ◊ËÕµ—¥™”√–Àπ’È°—∫‡®â“Àπ’È √“§“µ“¡ ∫—≠™’¢Õß ‘π∑√—æ¬å‡∑à“°—∫ 265.30 ≈â“π∫“∑ ´÷Ëß Ÿß°«à“√“§“¬ÿµ‘∏√√¡®”π«π 41.61 ≈â“π∫“∑∫√‘…—∑œ‰¥â∫—π∑÷°°”‰√®“°°“√‚Õπ ‘π∑√—æ¬å‡æ◊ÕË °“√ª√—∫‚§√ß √â“ßÀπ’∑È ßÈ— ®”π«π · ¥ß‡ªìπ√“¬°“√°”‰√„πß∫°”‰√¢“¥∑ÿπ ·≈–¡’¢“¥∑ÿπ®“°°“√ª√—∫‚§√ß √â“ßÀπ’®È “° °“√‚Õπ ‘π∑√—æ¬å™”√–Àπ’È®”π«π 4.85 ≈â“π∫“∑ - ·ª≈ßÀπ’È‡ªìπÀÿâπ°Ÿâ ‰¡à¡’À≈—°ª√–°—π Àπ’È®”π«π 165.34 ≈â“π∫“∑ ‰¥â·ª≈ß‡ªìπÀÿâπ°Ÿâ™π‘¥‰¡à¡’À≈—°ª√–°—π‰∂à∂Õπ√«¡¥Õ°‡∫’È¬¥—ßπ’È ™π‘¥·≈–‡ß◊ËÕπ‰¢¢ÕßÀÿπâ °Ÿâ ¡Ÿ≈Àπ’È 165.34 ≈â“π∫“∑ Àÿâπ°Ÿâ ‰¡à¡’ª√–°—π §√∫°”Àπ¥‰∂à∂Õπªï 2550 ¥Õ°‡∫’È¬√âÕ¬≈– 2.5 µàÕªï - ·ª≈ßÀπ’È‡ªìπÀÿâπ°Ÿâ·ª≈ß ¿“æ Àπ’È®”π«π 81.45 ≈â“π∫“∑ ‰¥â·ª≈ß‡ªìπÀÿâπ°Ÿâ·ª≈ß ¿“æ‡ªìπÀÿâπ “¡—≠¥—ßπ’È ¡Ÿ≈Àπ’È ™π‘¥·≈–‡ß◊ËÕπ‰¢¢ÕßÀÿπâ °Ÿâ 81.45 ≈â“π∫“∑ Àÿâπ°Ÿâ·ª≈ß ¿“æ ‡ªìπÀÿâπ “¡—≠‰¥â 3,887,600 Àÿâπ

∫√‘…—∑œ‰¥âªØ‘∫—µ‘µ“¡‡ß◊ËÕπ‰¢¢Õß —≠≠“ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È ‚¥¬∑”°“√‚Õπ∑√—æ¬å‡æ◊ËÕ™”√–Àπ’È∫“ß à«π·≈–ÕÕ°Àÿâπ°Ÿâ ‰¡à¡’À≈—° ª√–°—π·≈–Àÿâπ°Ÿâ·ª≈ß ¿“æµ“¡ —≠≠“‡ √Á® ‘Èπ·≈â« „πªï 2544 ∫√‘…—∑œ‰¥â∫—π∑÷°√—∫√Ÿâ°”‰√®“°°“√ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È √Õµ—¥ ∫—≠™’®”π«π 276.14 ≈â“π∫“∑ ·≈–∫—π∑÷°¢“¥∑ÿπ®“°°“√ª√—∫‚§√ß √â“ßÀπ’È®“°°“√‚Õπ∑√—æ¬å™”√–Àπ’È ®”π«π 20.68 ≈â“π∫“∑ ∫â“π»ÿ¿‡°…¡ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

»ÿ¿“≈—¬ ª“√å§ §Õπ‚¥œ À√Ÿ °≈“ß∏√√¡™“µ‘ √‘¡∂ππæÀ≈‚¬∏‘π

45 √ÿª‡ß◊ËÕπ‰¢°“√ª√—∫‚§√ß √â“ßÀπ’È∑—ÈßÀ¡¥ ∫√‘…∑— œ‰¥â≈ßπ“¡„π —≠≠“ª√—∫‚§√ß √â“ßÀπ’°È ∫— ‡®â“Àπ’ È ∂“∫—π°“√‡ß‘π·≈â«®”π«π 17 —≠≠“ ¡Ÿ≈Àπ’µÈ “¡ —≠≠“‡ß‘πµâπ®”π«π 6,079.85 ≈â“π∫“∑ ¥Õ°‡∫’È¬§ß§â“ß®”π«π 2,032.95 ≈â“π∫“∑ √«¡‡ªìπ¡Ÿ≈Àπ’È‡æ◊ËÕ∑”°“√ª√—∫‚§√ß √â“ßÀπ’È®”π«π 8,112.80 ≈â“π∫“∑ ¿“¬„µâ‡ß◊ËÕπ‰¢¢Õß —≠≠“ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È∑—ÈßÀ¡¥ √ÿª “√– ”§—≠‰¥â¥—ßπ’È - ≈¥Àπ’Èµ“¡ —≠≠“ µ“¡ —≠≠“ª√—∫‚§√ß √â“ßÀπ’È‡®â“Àπ’È ‰¥â¡’¢âÕµ°≈ß„π°“√≈¥‡ß‘πµâπ·≈–¥Õ°‡∫’È¬§â“ß™”√–‡¥‘¡µ“¡ —≠≠“ ≥ «—πª√—∫‚§√ß √â“ßÀπ’È ®”π«π 2,187.95 ≈â“π∫“∑ - ‚Õπ∑√—æ¬å™”√–Àπ’È ∫√‘…—∑œ‰¥â∑”°“√‚Õπ∑’Ë¥‘π‡æ◊ËÕ∑”‚§√ß°“√ ‚§√ß°“√√–À«à“ß°àÕ √â“ß ·≈– ‘π∑√—æ¬å∂“«√ ‡æ◊ËÕµ—¥™”√–Àπ’È°—∫‡®â“Àπ’È √“§“µ“¡ ∫—≠™’¢Õß ‘π∑√—æ¬å‡∑à“°—∫ 1,326.96 ≈â“π∫“∑ ´÷Ëß Ÿß°«à“√“§“¬ÿµ‘∏√√¡®”π«π 115.09 ≈â“π∫“∑∫√‘…—∑œ‰¥â∫—π∑÷°¢“¥∑ÿπ®“°°“√ ‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ°“√ª√—∫‚§√ß √â“ßÀπ’È∑—Èß®”π«π · ¥ß‡ªìπ√“¬°“√¢“¥∑ÿπ„πß∫°”‰√¢“¥∑ÿπ ”À√—∫·µà≈–ß«¥ ·≈–¡’¢“¥∑ÿπ®“° °“√ª√—∫‚§√ß √â“ßÀπ’È®“°°“√‚Õπ ‘π∑√—æ¬å™”√–Àπ’È®”π«π 96.45 ≈â“π∫“∑ - ·ª≈ßÀπ’È‡ªìπÀÿâπ°Ÿâ ‰¡à¡’À≈—°ª√–°—π Àπ’È®”π«π 1,338.03 ≈â“π∫“∑ ‰¥â·ª≈ß‡ªìπÀÿâπ°Ÿâ™π‘¥‰¡à¡’À≈—°ª√–°—π‰∂à∂Õπ√«¡¥Õ°‡∫’È¬¥—ßπ’È

¡Ÿ≈Àπ’È 7.05 ≈â“π∫“∑ 305.91 ≈â“π∫“∑ 439.89 ≈â“π∫“∑ 29.73 ≈â“π∫“∑ 70.55 ≈â“π∫“∑ 141.09 ≈â“π∫“∑ 14.11 ≈â“π∫“∑ 164.36 ≈â“π∫“∑ 165.34 ≈â“π∫“∑

™π‘¥·≈–‡ß◊ËÕπ‰¢¢ÕßÀÿâπ°Ÿâ Àÿâπ°Ÿâ ‰¡à¡’ª√–°—π §√∫°”Àπ¥‰∂à∂Õπªï 2550 ¥Õ°‡∫’È¬√âÕ¬≈– 2.5 µàÕªï Àÿâπ°Ÿâ ‰¡à¡’ª√–°—π §√∫°”Àπ¥‰∂à∂Õπªï 2550 ¥Õ°‡∫’È¬√âÕ¬≈– 2.5 µàÕªï Àÿâπ°Ÿâ ‰¡à¡’ª√–°—π §√∫°”Àπ¥‰∂à∂Õπªï 2553 ¥Õ°‡∫’È¬√âÕ¬≈– 2.5 µàÕªï Àÿâπ°Ÿâ ‰¡à¡’ª√–°—π §√∫°”Àπ¥‰∂à∂Õπªï 2550 ¥Õ°‡∫’È¬√âÕ¬≈– 2.5 µàÕªï Àÿâπ°Ÿâ ‰¡à¡’ª√–°—π §√∫°”Àπ¥‰∂à∂Õπªï 2550 ¥Õ°‡∫’È¬√âÕ¬≈– 2.5 µàÕªï Àÿâπ°Ÿâ ‰¡à¡’ª√–°—π §√∫°”Àπ¥‰∂à∂Õπªï 2550 ¥Õ°‡∫’È¬√âÕ¬≈– 2.5 µàÕªï Àÿâπ°Ÿâ ‰¡à¡’ª√–°—π §√∫°”Àπ¥‰∂à∂Õπªï 2550 ¥Õ°‡∫’È¬√âÕ¬≈– 2.5 µàÕªï Àÿâπ°Ÿâ ‰¡à¡’ª√–°—π §√∫°”Àπ¥‰∂à∂Õπªï 2550 ¥Õ°‡∫’È¬√âÕ¬≈– 2.5 µàÕªï Àÿâπ°Ÿâ ‰¡à¡’ª√–°—π §√∫°”Àπ¥‰∂à∂Õπªï 2550 ¥Õ°‡∫’È¬√âÕ¬≈– 2.5 µàÕªï

≥ «—π∑’Ë 2 °√°Æ“§¡ 2545 ∫√‘…—∑œ‰¥â∑”°“√‰∂à∂ÕπÀÿâπ°Ÿâ ‰¡à¡’À≈—°ª√–°—π¡Ÿ≈§à“ 195.07 ≈â“π∫“∑ „π√“§“ 56.52 ≈â“π∫“∑ ·≈–√—∫√Ÿâ °”‰√®“°°“√‰∂à∂ÕπÀÿâπ°Ÿâ®”π«π 138.55 ≈â“π∫“∑ - ·ª≈ßÀπ’È‡ªìπÀÿâπ°Ÿâ·ª≈ß ¿“æ Àπ’È®”π«π 291.73 ≈â“π∫“∑ ‰¥â·ª≈ß‡ªìπÀÿâπ°Ÿâ·ª≈ß ¿“æ‡ªìπÀÿâπ “¡—≠¥—ßπ’È

¡Ÿ≈Àπ’È

™π‘¥·≈–‡ß◊ËÕπ‰¢¢ÕßÀÿâπ°Ÿâ

3.48 ≈â“π∫“∑ 14.64 ≈â“π∫“∑ 34.75 ≈â“π∫“∑ 69.50 ≈â“π∫“∑ 80.96 ≈â“π∫“∑ 6.95 ≈â“π∫“∑ 81.45 ≈â“π∫“∑

Àÿâπ°Ÿâ·ª≈ß ¿“æ ‡ªìπÀÿâπ “¡—≠‰¥â 165,800 Àÿâπ Àÿâπ°Ÿâ·ª≈ß ¿“æ ‡ªìπÀÿâπ “¡—≠‰¥â 698,900 Àÿâπ Àÿâπ°Ÿâ·ª≈ß ¿“æ ‡ªìπÀÿâπ “¡—≠‰¥â 1,658,700 Àÿâπ Àÿâπ°Ÿâ·ª≈ß ¿“æ ‡ªìπÀÿâπ “¡—≠‰¥â 3,317,500 Àÿâπ Àÿâπ°Ÿâ·ª≈ß ¿“æ ‡ªìπÀÿâπ “¡—≠‰¥â 3,864,400 Àÿâπ Àÿâπ°Ÿâ·ª≈ß ¿“æ ‡ªìπÀÿâπ “¡—≠‰¥â 331,700 Àÿâπ Àÿâπ°Ÿâ·ª≈ß ¿“æ ‡ªìπÀÿâπ “¡—≠‰¥â 3,887,600 Àÿâπ

19. °”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È√Õµ—¥∫—≠™’ °”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È√Õµ—¥∫—≠™’§◊Õ à«πµà“ß®“°°“√ ÿ∑∏‘¢Õß¡Ÿ≈§à“µ“¡∫—≠™’¢ÕßÀπ’È ‘π‡¥‘¡ ·≈–°√–· ‡ß‘π ¥®à“¬„π Õπ“§µµ“¡‡ß◊ËÕπ‰¢„À¡à„π°“√ª√—∫‚§√ß √â“ßÀπ’È ¡’°”Àπ¥µ—¥®”Àπà“¬µ“¡‡ß◊ËÕπ‰¢„À¡àµ“¡ —≠≠“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2544 ∫√‘…—∑œ¡’ à«πµà“ß¢Õß¡Ÿ≈§à“µ“¡∫—≠™’¢ÕßÀπ’È ‘π‡¥‘¡·≈–°√–· ‡ß‘π ¥®à“¬„πÕπ“§µ®”π«π 578.66 ≈â“π∫“∑ ®“°°“√∑’Ë∫√‘…—∑œ¬—ßÕ¬Ÿà√–À«à“ß°“√ªØ‘∫—µ‘µ“¡ —≠≠“‚Õπ ‘π∑√—æ¬åµ“¡‡ß◊ËÕπ‰¢°“√ª√—∫‚§√ß √â“ßÀπ’È µ“¡ —≠≠“≈ß«—π∑’Ë 28 °—π¬“¬π 2544 ·≈–‰¥â·°â ‰¢‡æ‘Ë¡‡µ‘¡ —≠≠“ª√—∫‚§√ß √â“ßÀπ’È≈ß«—π∑’Ë 16 ¡’π“§¡ 2545 „πß«¥∫—≠™’ ‘Èπ ÿ¥«—π∑’Ë 30 ¡‘∂ÿπ“¬π 2545 ∫√‘…—∑œ ‰¥â ‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ™”√–Àπ’Èµ“¡‡ß◊ËÕπ‰¢°“√ª√—∫‚§√ß √â“ßÀπ’È‡√’¬∫√âÕ¬·≈â« ·≈–∑”°“√√—∫√Ÿâ°”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È®”π«π 527.31 ≈â“π∫“∑„πß∫°”‰√¢“¥∑ÿπ

20. §¥’øÑÕß√âÕß 20.1

20.2 20.3

∫√‘…—∑ºŸâ√—∫‡À¡“°àÕ √â“ßøÑÕß√âÕß§à“®â“ß·≈–§à“‡ ’¬À“¬®”π«πª√–¡“≥ 187.1 ≈â“π∫“∑ ∫√‘…—∑„Àâ°“√ªØ‘‡ ∏ ‡π◊ËÕß®“°‚®∑°å ‡ªìπΩÉ“¬º‘¥ —≠≠“°àÕ √â“ß‰¡à·≈â«‡ √Á®µ“¡ —≠≠“√«¡∑—Èß‰¥â‡∫‘°‡ß‘π„π à«π¢Õß§à“Õ”π«¬°“√°àÕ √â“ß‡°‘π‰ª ∫√‘…—∑®÷ß‰¥â øÑÕß·¬âß‡√’¬°‡ß‘π„π à«π¢Õß§à“Õ”π«¬°“√°àÕ √â“ß∑’Ë‡∫‘°‡°‘π‰ª·≈–§à“‡ ’¬À“¬®”π«π 733 ≈â“π∫“∑ §¥’π’ÈÕ¬Ÿà√–À«à“ß°“√ æ‘®“√≥“¢Õß»“≈™—Èπµâπ µàÕ¡“ºŸâ√—∫‡À¡“°àÕ √â“ß√“¬¥—ß°≈à“«‰¥âπ”‡√◊ËÕß∑’Ëæ‘æ“∑°—πÕ¬Ÿà„π§¥’¢â“ßµâπ„π∑ÿπ∑√—æ¬åª√–¡“≥ 187.1 ≈â“π∫“∑ ¡“øÑÕß´âÕπ„π§¥’≈â¡≈–≈“¬ ´÷Ëß»“≈‰¥â®”Àπà“¬§¥’≈â¡≈–≈“¬π’ÈÕÕ°®“° “√∫∫‡ªìπ°“√™—Ë«§√“«µ—Èß·µà‡¥◊Õπ ‘ßÀ“§¡ 2541 ªí®®ÿ∫—π§¥’Õ¬Ÿà„π™—Èπ ◊∫æ¬“π‚®∑°å §¥’µ“à ßÊ ‡°’¬Ë «°—∫°“√≈–‡¡‘¥ º‘¥ —≠≠“ ‡≈‘° —≠≠“ °Ÿ¬â ¡◊ ‡√’¬°‡ß‘π§◊π §à“‡ ’¬À“¬ ®”πÕß·≈–§È”ª√–°—π ∑ÿπ∑√—æ¬å√«¡ª√–¡“≥ 4.7 ≈â“π∫“∑ ∏π“§“√·ÀàßÀπ÷Ëß‰¥âøÑÕß∫√‘…—∑œ ‡ªìπ®”‡≈¬√à«¡√—∫º‘¥°—∫≈Ÿ°Àπ’È√“¬Õ◊Ëπµ“¡ —≠≠“°Ÿâ¬◊¡‡ß‘π·≈–Àπ’Èµ“¡ —≠≠“§È”ª√–°—π √«¡ ¬Õ¥Àπ’È∑—Èß‡ß‘πµâπ·≈–¥Õ°‡∫’È¬ ≥ «—πøÑÕß ‡ªìπ‡ß‘π∑—Èß ‘Èπ 118.9 ≈â“π∫“∑ ·µà∑“ß∫√‘…—∑œ‰¥âøÑÕß·¬âß„Àâ ‚®∑°åªØ‘∫—µ‘µ“¡ —≠≠“ª≈àÕ¬‡ß‘π°Ÿâ „Àâ·°à®”‡≈¬ ‡æ◊ËÕ∑”‚§√ß°“√æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬åµàÕ‰ª ¢≥–π’ÈÕ¬Ÿà√–À«à“ß°“√‡®√®“‡æ◊ËÕÀ“¢âÕ √ÿª∑’Ë®– ª√—∫‚§√ß √â“ßÀπ’È ´÷Ëß¢≥–π’È§¥’Õ¬Ÿà„π™—Èπ ◊∫æ¬“π®”‡≈¬„π»“≈™—Èπµâπ

21. Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ„π¿“¬Àπâ“·≈–¿“√–ºŸ°æ—π 21.1

21.2 21.3 21.4 21.5

¡’Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ„π¿“¬Àπâ“®“°°“√∑’Ë∏π“§“√ÕÕ°Àπ—ß ◊Õ§È”ª√–°—π∫√‘…—∑„Àâ°—∫Õß§å°“√√—∞∫“≈√«¡‡ªìπ®”π«π‡ß‘π 93.85 ≈â“π∫“∑ (2544 : 28.99 ≈â“π∫“∑) ‡æ◊ËÕ§È”ª√–°—π√–∫∫ “∏“√≥Ÿª‚¿§ ·≈–°—∫‡®â“Àπ’È°“√§â“Õ’°ª√–¡“≥ 5.10 ≈â“π∫“∑ (2544 : 2.3 ≈â“π∫“∑) ¡’ —≠≠“®–´◊ÈÕ∑’Ë¥‘π°—∫‡®â“¢Õß∑’Ë¥‘πÀ≈“¬√“¬ ·≈– —≠≠“°—∫ºŸâ√—∫‡À¡“À≈“¬√“¬‡°’Ë¬«°—∫°“√°àÕ √â“ß‚§√ß°“√¢Õß∫√‘…—∑ ´÷Ëß¿“√–ºŸ°æ—πµ“¡ —≠≠“∑’Ë‡À≈◊ÕÕ¬Ÿà‡ªìπ®”π«π‡ß‘π√«¡∑—Èß ‘Èπª√–¡“≥ 409.69 ≈â“π∫“∑ (2544 : 173 ≈â“π∫“∑) ®”π”µ—Î«‡ß‘π√—∫®”π«π 10.53 ≈â“π∫“∑ (2544 : 10.45 ≈â“π∫“∑) ‡æ◊ËÕ‡ªìπª√–°—πÀπ’È ‘π∑ÿ°ª√–‡¿∑∑’Ë¡’µàÕ∫√‘…—∑ºŸâÕÕ°µ—Î« ∫√‘…—∑œ ‰¥âÕÕ°‡™Á§Õ“«—≈‰¡à√–∫ÿ«—π∑’Ë„Àâ°—∫∏π“§“√ ®”π«π 813.18 ≈â“π∫“∑ (2544 : 435.72 ≈â“π∫“∑) ‡ªìπª√–°—π„π°“√ ª≈Õ¥®”πÕß≈Õ¬‚©π¥∑’Ë¥‘π‚§√ß°“√ ‡æ◊ËÕ¥”‡π‘π°“√®—¥ √√∑’Ë¥‘π ∂Ÿ°°√¡ √√æ“°√µ√«® Õ∫¿“…’Õ“°√ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2536 ·≈– 2537 „πªï 2544 °√¡ √√æ“°√‰¥â √ÿª º≈°“√µ√«® Õ∫·≈â« ª√“°Ø«à“‰¡àæ∫ª√–‡¥Áπ§«“¡º‘¥„¥Ê

22. °“√ª√—∫ª√ÿß¬âÕπÀ≈—ßß∫°“√‡ß‘π √“¬°“√ª√—∫ª√ÿß„πªï 2545 22.1 ∫√‘…—∑œ‰¥â‡ª≈’Ë¬π·ª≈ß«‘∏’°“√µ’√“§“ ‘π§â“§ß‡À≈◊Õ®“°‡¥‘¡‡¡◊ËÕªï 2542 ∫√‘…—∑œ‰¥âµ’√“§“‚¥¬«‘∏’·¬°‡ªìπ√“¬‚§√ß°“√·≈–‰¥â ‡ª≈’Ë¬π·ª≈ß«‘∏’°“√µ’√“§“‡ªìπ«‘∏’√«¡∑ÿ°‚§√ß°“√ „πªï 2543 ∫√‘…—∑œ∑”°“√ª√—∫¬âÕπÀ≈—ßß∫°“√‡ß‘πªï 2542 ‚¥¬ª√—∫ª√ÿß ‘π§â“§ß‡À≈◊Õ‡æ‘Ë¡¢÷Èπ 668.77 ≈â“π∫“∑·≈–ª√—∫ª√ÿß¢“¥∑ÿπ – ¡≈¥≈ß®”π«π 668.77 ≈â“π∫“∑ ·≈–„πªï 2545 ”π—°ß“π §≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å ‰¥âæ®‘ “√≥“‡ÀÁπ«à“«‘∏°’ “√¥—ß°≈à“«‰¡à Õ¥§≈âÕß°—∫¡“µ√∞“π°“√∫—≠™’©∫—∫

46 »ÿ¿“≈—¬ ªÉ“ —° √’ Õ√å∑ ™’«‘µ„°≈â™‘¥∏√√¡™“µ‘·∑âÊ ·§à √–∫ÿ√’

∫â“π»ÿ¿°√—≥¬å Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

22.2

22.3

22.4

22.5

22.6

22.7

22.8

22.9

∑’Ë 31 ‡√◊ËÕß ‘π§â“§ß‡À≈◊Õ ‚¥¬‡ÀÁπ«à“·µà≈–‚§√ß°“√§«√æ‘®“√≥“·¬°®“°°—π‚¥¬‰¡à “¡“√∂∂◊Õ‡ªìπº≈‘µ¿—≥±å‡¥’¬«°—π ·≈–¡’≈—°…≥–‡À¡◊Õπ°—π ∫√‘…—∑œ®÷ß∑”°“√ª√—∫ª√ÿß¬âÕπÀ≈—ßß∫°“√‡ß‘π ”À√—∫ß«¥ ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ‚¥¬∑”°“√ª√—∫ª√ÿß°≈—∫√“¬°“√∑’Ë ‰¥â‡§¬∫—π∑÷°‰«â‡¥‘¡ ·≈–∫—π∑÷°¢“¥∑ÿπ®“°°“√≈¥¡Ÿ≈§à“¢Õß ‘π§â“§ß‡À≈◊Õ ”À√—∫ ß«¥ ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ¡’º≈∑”„Àâß∫°“√‡ß‘πß«¥¥—ß°≈à“«¡’º≈°”‰√ ÿ∑∏‘‡æ‘Ë¡¢÷Èπ®”π«π 226.56 ≈â“π∫“∑ ·≈– 102.36 ≈â“π∫“∑ µ“¡≈”¥—∫ ·≈–¢“¥∑ÿπ – ¡¬°¡“„πªï 2545 ¡’¬Õ¥≈¥≈ß®”π«π 378.32 ≈â“π∫“∑ ∫√‘…—∑œ‰¥âª√—∫ª√ÿß√“¬°“√¥Õ°‡∫’È¬®à“¬∑’Ë∫—π∑÷°‡ªìπµâπ∑ÿπ‚§√ß°“√∑’Ë‡§¬∫—π∑÷°‰«â Ÿß‰ª®”π«π 188.15 ≈â“π∫“∑ ‚¥¬∑”°“√ ª√—∫ª√ÿß¬âÕπÀ≈—ßß∫°“√‡ß‘π ”À√—∫ß«¥ ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ¡’º≈∑”„Àâ¢“¥∑ÿπ – ¡¬°¡“µâπß«¥ ‡æ‘Ë¡¢÷Èπ®”π«π 188.15 ≈â“π∫“∑ ·≈– 188.15 ≈â“π∫“∑ µ“¡≈”¥—∫ ∫√‘…—∑œ‰¥âª√—∫ª√ÿß√“¬°“√¥Õ°‡∫’È¬®à“¬∑’Ë ‰¥â√—∫°“√≈¥Àπ’È®“°‡®â“Àπ’È ∂“∫—π°“√‡ß‘π®“°°“√ª√—∫‚§√ß √â“ßÀπ’È®“°‡¥‘¡„πªï 2544 ∫√‘…—∑‰¥âπ”®”π«π∑’Ë ‰¥â√—∫°“√≈¥Àπ’È®”π«π 62.86 ≈â“π∫“∑ ¡“ª√—∫≈¥µâπ∑ÿπ‚§√ß°“√ µàÕ¡“∫√‘…—∑œ‰¥âª√—∫ª√ÿß °≈—∫√“¬°“√¥—ß°≈à“«‚¥¬‰¡àπ”¡“≈¥µâπ∑ÿπ‚§√ß°“√ ·µà√—∫√Ÿâ‡ªìπ°”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È ¡’º≈∑”„Àâ∫√‘…—∑œµâÕß ª√—∫ª√ÿß¬âÕπÀ≈—ß ß∫°“√‡ß‘π ”À√—∫ß«¥ ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ¡’º≈∑”„Àâ∫—≠™’ ‘π§â“§ß‡À≈◊Õ‡æ‘Ë¡¢÷Èπ ·≈–¢“¥∑ÿπ – ¡¬°¡“µâπß«¥≈¥≈ß®”π«π 62.86 ≈â“π∫“∑ º≈®“°°“√ª√—∫ª√ÿß√“¬°“√µâπ∑ÿπ‚§√ß°“√µ“¡¢âÕ 22.2 ·≈– 22.3 ∑”„Àâ∫√‘…—∑œµâÕß§”π«≥¡Ÿ≈§à“‚§√ß°“√·≈–§”π«≥ µâπ∑ÿπ¢“¬√—∫√Ÿâ – ¡·≈–µâπ∑ÿπ¢“¬∑’Ë√—∫√Ÿâª√–®”ß«¥„À¡à º≈¢Õß°“√§”π«≥À≈—ß®“°ª√—∫ª√ÿßµâπ∑ÿπ‚§√ß°“√·≈â« ∫√‘…—∑œ µâÕßª√—∫ª√ÿß¬âÕπÀ≈—ßß∫°“√‡ß‘π ”À√—∫ß«¥ ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ¡’º≈∑”„Àâ∫—≠™’¢“¥∑ÿπ – ¡¬°¡“ µâπß«¥„πªï 2545 ‡æ‘Ë¡¢÷Èπ 23.21 ≈â“π∫“∑ ·≈–∫—≠™’¢“¥∑ÿπ – ¡¬°¡“µâπß«¥„πªï 2544 ≈¥≈ß®”π«π 41.80 ≈â“π∫“∑ ª√—∫ª√ÿß°”‰√®“°°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ°“√ª√—∫‚§√ß √â“ßÀπ’È „πªï 2544 ≈¥≈ß®”π«π 1.17 ≈â“π∫“∑ ·≈–ª√—∫ª√ÿß∫—≠™’ µâπ∑ÿπ¢“¬ ”À√—∫ªï 2544 ‡æ‘Ë¡¢÷Èπ ®”π«π 63.84 ≈â“π∫“∑ ·≈–ª√—∫ª√ÿß∫—≠™’ ‘π§â“§ß‡À≈◊Õ¢Õßªï 2545 ·≈–ªï 2544 ≈¥≈ß 30.22 ≈â“π∫“∑ „πªï 2544 ∫√‘…—∑œ‰¥â‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬°“√∫—π∑÷°§à“‚¶…≥“®“°∑’Ë‡§¬∫—π∑÷°√«¡‡ªìπµâπ∑ÿπ‚§√ß°“√¡“‡ªìπ§à“„™â®à“¬„π ß«¥∑’Ë‡°‘¥√“¬°“√∑—π∑’°“√‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬¥—ß°≈à“« ∫√‘…—∑œ‰¥â∑”°“√ª√—∫ª√ÿß≈¥¡Ÿ≈§à“µâπ∑ÿπ√«¡‚§√ß°“√·≈–ª√—∫ª√ÿß ¡Ÿ≈§à“µâπ∑ÿπ¢“¬∑’Ë√—∫√Ÿâ·≈â«„πß«¥∫—≠™’ªï 2544 ·µà‡æ◊ËÕº≈¢Õß°“√‡ª√’¬∫‡∑’¬∫ ∫√‘…—∑®÷ß∑”°“√ª√—∫ª√ÿß¬âÕπÀ≈—ß ‚¥¬ª√—∫ ≈¥ ‘π§â“§ß‡À≈◊Õ≈¥≈ß®”π«π 198.87 ≈â“π∫“∑ ·≈–ª√—∫ª√ÿß¢“¥∑ÿπ – ¡¬°¡“ ”À√—∫ªï 2544 ‡æ‘Ë¡¢÷Èπ®”π«π 188.60 ≈â“π∫“∑ ∫√‘…—∑œ‰¥â∑”°“√ª√—∫ª√ÿß°“√√—∫√Ÿâ√“¬‰¥â¥Õ°‡∫’È¬¢Õß‡ß‘π„Àâ°Ÿâ¬◊¡·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π‚¥¬À¬ÿ¥√—∫√Ÿâ√“¬‰¥â¥Õ°‡∫’È¬‡¡◊Ë Õ æ‘®“√≥“·≈â««à“≈Ÿ°Àπ’È ‰¡à¡’§«“¡ “¡“√∂„π°“√™”√–Àπ’È º≈√«¡¢Õß°“√°≈—∫√“¬°“√¥Õ°‡∫’È¬√—∫¡’º≈∑”„Àâ∫√‘…—∑œµâÕß ª√—∫ª√ÿßß∫°“√‡ß‘πß«¥ ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 ‚¥¬ª√—∫ª√ÿß¢“¥∑ÿπ – ¡¬°¡“µâπß«¥¢Õßªï 2544 ‡æ‘Ë¡¢÷Èπ®”π«π 22.18 ≈â“π∫“∑ ∫√‘…—∑œ‰¥â∑”°“√ª√—∫ª√ÿß√“§“√—∫‚ÕπÀÿâπ “¡—≠™”√–Àπ’È∑’Ë∫√‘…—∑¬àÕ¬‰¥â√—∫™”√–Àπ’È®“°≈Ÿ°Àπ’È‡ß‘π„Àâ°Ÿâ¬◊¡®“°√“§“Àÿâπ∑’Ë„™â „π °“√™”√–Àπ’Èµ“¡°“√ª√—∫‚§√ß √â“ßÀπ’È¡“‡ªìπ√“§“ªî¥ ≥ «—π∑’Ë ‚ÕπÀÿâπ ¡’º≈∑”„Àâ∫√‘…—∑¬àÕ¬∫—π∑÷°Àπ’È ß —¬®– Ÿ≠‡æ‘Ë¡¢÷Èπ ®“°√“§“√—∫‚Õπ∑√—æ¬å ‘π∑’Ë≈¥≈ß ∫√‘…—∑œ‰¥â§”π«≥°“√√—∫√Ÿâ à«π‰¥â‡ ’¬„À¡à·≈–µâÕßª√—∫ª√ÿß¢“¥∑ÿπ – ¡¬°¡“µâπß«¥¢Õß ªï 2545 ·≈– 2544 ‡æ‘Ë¡¢÷Èπ®”π«π 1.20 ·≈– 31.32 ≈â“π∫“∑µ“¡≈”¥—∫ ∫√‘…—∑œ‰¥â∑”°“√ª√—∫ª√ÿß√—∫√Ÿâ°”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È „π à«π¢Õß°“√‚Õπ∑√—æ¬å ‘π™”√–Àπ’È „Àâ·°à‡®â“Àπ’È∫“ß à«π∑’Ë ‰¥â ‚Õπ‡¡◊ËÕªï 2543 ∫√‘…—∑‰¥â√—∫√Ÿâ°”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È¥—ß°≈à“«„πªï 2544 À≈—ß®“°∑’Ë‰¥â ‚Õπ∑√—æ¬å ‘π§√∫µ“¡ —≠≠“ ®÷ß∑”°“√ª√—∫ª√ÿß¬âÕπÀ≈—ßß∫°“√‡ß‘πß«¥ªï 2544 ∑’Ëπ”¡“· ¥ß‡ª√’¬∫‡∑’¬∫¡’º≈∑”„Àâ¢“¥∑ÿπ ÿ∑∏‘¢Õßªï 2545 ·≈– 2544 ≈¥≈ß®”π«π 2.04 ·≈– 1.85 ≈â“π∫“∑ µ“¡≈”¥—∫ ·≈–¢“¥∑ÿπ – ¡¬°¡“¢Õßªï 2545 ·≈– 2544 ≈¥≈ß®”π«π 2.04 ≈â“π ∫“∑ ·≈– 3.89 ≈â“π∫“∑ µ“¡≈”¥—∫ ∫√‘…—∑œ‰¥â∑”°“√ª√—∫ª√ÿß√“§“∑ÿπ¢Õß ‘π∑√—æ¬å∂“«√·≈– ‘π∑√—æ¬å„Àâ‡™à“„À¡à®“°°“√∑’Ë¡’°“√ª√—∫ª√ÿßµâπ∑ÿπ¥Õ°‡∫’È¬µ“¡¢âÕ 22.2 ·≈– 22.3 º≈ – ¡®“°°“√ª√—∫ª√ÿß√“§“∑ÿπ¢Õß ‘π∑√—æ¬å·≈–°“√§”π«≥§à“‡ ◊ÕË ¡√“§“¢Õß ‘π∑√—æ¬å∫√‘…∑— œµâÕßª√—∫ª√ÿß ¢“¥∑ÿπ – ¡¬°¡“µâπß«¥¢Õßªï 2545 ·≈– 2544 ≈¥≈ß®”π«π 10.28 ≈â“π∫“∑ ·≈– 9.51 ≈â“π∫“∑ µ“¡≈”¥—∫

22.10 ∫√‘…∑— œ‰¥â‡ª≈’¬Ë π«‘∏’„π°“√®—¥∑”ß∫°“√‡ß‘π√«¡‡°’¬Ë «°—∫°“√∫—π∑÷°Àπ’ È ß —¬®– Ÿ≠¢Õß‡ß‘π„Àâ°¬âŸ ¡◊ ·°à°®‘ °“√∑’‡Ë °’¬Ë «¢âÕß°—π ®“° ‡¥‘¡ª√—∫ª√ÿß√“¬°“√§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠„πß∫°“√‡ß‘π√«¡· ¥ß‡ªìπ√“¬°“√ ç ”√Õßº≈¢“¥∑ÿπ¢Õß∫√‘…—∑¬àÕ¬é „π à«π ¢ÕßºŸâ∂◊ÕÀÿâπ ¡“‡ªìπ °“√∫—π∑÷°°≈—∫√“¬°“√Àπ’È ß —¬®– Ÿ≠„πß∫°“√‡ß‘π‡©æ“–‚¥¬∫—π∑÷° à«π·∫àß°”‰√„π à«π‰¥â‡ ’¬¢Õß ∫√‘…∑— ¬àÕ¬ ·≈–„π°“√®—¥∑”ß∫°“√‡ß‘π√«¡®–°≈—∫√“¬°“√Àπ’ È ß —¬®– Ÿ≠„πß∫°“√‡ß‘π√«¡ º≈®“°°“√‡ª≈’¬Ë π·ª≈ß¥—ß°≈à“« ∫√‘…—∑µâÕßª√—∫ª√ÿß°“√§”π«≥°“√√—∫√Ÿâ à«π‰¥â‡ ’¬„π∫√‘…—∑¬àÕ¬„À¡à ‚¥¬ª√—∫ª√ÿß¢“¥∑ÿπ – ¡¬°¡“µâπß«¥¢Õßªï 2545 ·≈– 2544 ≈¥≈ß 345.18 ≈â“π∫“∑ ·≈– 111.28 ≈â“π∫“∑ µ“¡≈”¥—∫ √“¬°“√ª√—∫ª√ÿß„πªï 2544 22.11 ∫√‘…—∑œ ‰¥â∑”°“√ª√—∫ª√ÿßß∫°“√‡ß‘πß«¥∫—≠™’ ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2543 ®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π¢Õß∫√‘…—∑¬àÕ¬„π µà“ßª√–‡∑»∑’Ëπ”¡“®—¥∑”ß∫°“√‡ß‘π√«¡ ¡’º≈∑”„Àâ¢“¥∑ÿπ – ¡¬°¡“µâπß«¥ªï 2544 ≈¥≈ß 34.28 ≈â“π∫“∑ 22.12 ∫√‘…—∑œ ‰¥â∑”°“√ª√—∫ª√ÿß¿“√–¥Õ°‡∫’È¬§ß§â“ß‡æ◊ËÕ‡ªìπ‰ªµ“¡ —≠≠“ª√—∫ª√ÿß‚§√ß √â“ßÀπ’È≈¥≈ß„π à«π∑’Ë‡ªìπ¢Õßªï°àÕπ ®”π«π 13.89 ≈â“π∫“∑ ·≈–‰¥âª√—∫ª√ÿßº≈µà“ß¢Õß°”‰√„π à«π‰¥â‡ ’¬¢Õß∫√‘…—∑¬àÕ¬∑’Ë‡ªìπ¢Õßß«¥°àÕπ≈¥≈ß ®”π«π 3.43 ≈â“π∫“∑ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2545 2544 2545 2544 °”‰√(¢“¥∑ÿπ) – ¡¬°¡“-µ“¡∑’Ë√“¬ß“π‰«â‡¥‘¡ (1,349,031,576.75) (1,621,506,523.23) (1,349,031,576.75) (1,621,506,523.23) √“¬°“√ª√—∫ª√ÿß„πªï 2545 º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.1 (290,454,942.37) (392,811,537.23) (290,454,942.37) (392,811,537.23) º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.2 (188,147,481.48) (188,147,481.48) (188,147,481.48) (188,147,481.48) º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.3 62,860,437.90 62,860,437.90 62,860,437.90 62,860,437.90 º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.4 (23,206,236.12) 41,798,075.67 (23,206,236.12) 41,798,075.67 º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.5 (188,604,207.84) (188,604,207.84) º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.6 (22,182,599.85) (22,182,599.85) º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.7 (1,199,874.28) (31,316,574.86) (1,199,874.28) (31,316,574.86) º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.8 2,040,000.00 3,889,527.76 2,040,000.00 3,889,527.76 º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.9 10,276,378.53 9,513,226.08 10,276,378.53 9,513,226.08 º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.10 345,178,172.21 111,275,875.11 345,178,172.21 111,275,875.11 √“¬°“√ª√—∫ª√ÿß„πªï 2544 ·≈– 2543 º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.11 34,278,792.08 34,278,792.08 º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.12 (3,425,109.09) (3,425,109.09) º≈°√–∑∫∑’ËµâÕßª√—∫ª√ÿßµ“¡¢âÕ 22.12 13,889,899.98 13,889,899.98 °”‰√(¢“¥∑ÿπ) – ¡¬°¡“À≈—ßª√—∫ª√ÿß (1,431,685,122.36) (2,170,488,199.00) (1,431,685,122.36) (2,170,488,199.00)

23. √“¬°“√ª√—∫ª√ÿß°”‰√ – ¡ 23.1

23.2

√“¬°“√ª√—∫ à«π‡°‘πµ—¥¢“¥∑ÿπ – ¡ µ“¡¡µ‘∑’Ëª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ§√—Èß∑’Ë 1/2545 ≈ß«—π∑’Ë 23 ‡¡…“¬π 2545 ¡’¡µ‘„Àâ ‚Õπ∫—≠™’ à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠®”π«π 1,278.36 ≈â“π∫“∑ ·≈–∫—≠™’ ”√Õßµ“¡°ÆÀ¡“¬®”π«π 57.38 ≈â“π∫“∑ ‡æ◊ËÕ≈â“ß∫—≠™’¢“¥∑ÿπ – ¡∑—Èß®”π«π √“¬°“√ª√—∫ª√ÿß‡ß‘πªíπº≈§â“ß®à“¬ µ“¡¡µ‘∑’Ëª√–™ÿ¡§≥–°√√¡°“√ §√—Èß∑’Ë 3/2545 ≈ß«—π∑’Ë 20 æƒ…¿“§¡ 2545 ¡’¡µ‘„Àâ¬°‡≈‘°°“√®à“¬‡ß‘πªíπº≈§â“ß®à“¬®”π«π 63 ≈â“π∫“∑ ®“°°“√∑’Ë ∫√‘…—∑ »ÿ¿“≈—¬ (‡§¬å·¡π) ®”°—¥ ‰¥â¥”‡π‘π°“√ªî¥°‘®°“√™”√–∫—≠™’‡√’¬∫√âÕ¬·≈â«

48 ∫â“π»ÿ¿®“√’ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿®‘µ√“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

49 24. ∑ÿπ‡√◊ÕπÀÿâπ µ“¡¡µ‘∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ §√—Èß∑’Ë 1/2545 ‡¡◊ËÕ«—π∑’Ë 27 °—π¬“¬π 2545 ¡’¡µ‘„Àâ∑”°“√‡ª≈’Ë¬π·ª≈ß∑ÿπ®¥∑–‡∫’¬π·≈– °“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“∑’Ëµ√“‰«â¢ÕßÀÿâπ ¥—ßπ’È - °“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“∑’Ëµ√“‰«â¢ÕßÀÿâπ ∑’ªË √–™ÿ¡¡’¡µ‘„Àâ‡ª≈’¬Ë π·ª≈ß¡Ÿ≈§à“∑’µË √“‰«â¢ÕßÀÿπâ “¡—≠®¥∑–‡∫’¬π®“°¡Ÿ≈§à“Àÿπâ ≈– 10 ∫“∑ ‡ªìπÀÿπâ ≈– 1 ∫“∑ ·∫àß‡ªìπÀÿπâ “¡—≠ 1,030,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑ ∫√‘…—∑œ‰¥â®¥∑–‡∫’¬πµàÕ°√–∑√«ßæ“≥‘™¬å„π«—π∑’Ë 7 µÿ≈“§¡ 2545 - ∑ÿπ®¥∑–‡∫’¬π ∑’Ëª√–™ÿ¡¡’¡µ‘„Àâ≈¥∑ÿπ®¥∑–‡∫’¬π®”π«π 380,284,030 Àÿâπ ®“°∑ÿπ®¥∑–‡∫’¬π 1,030,000,000 Àÿâπ ‡À≈◊Õ 649,715,970 Àÿâπ ‚¥¬µ—¥Àÿâπ∑’Ë¬—ß¡‘‰¥âπ”ÕÕ°®”Àπà“¬∑—ÈßÀ¡¥ ∫√‘…—∑œ‰¥â®¥∑–‡∫’¬πµàÕ°√–∑√«ßæ“≥‘™¬å„π«—π∑’Ë 8 µÿ≈“§¡ 2545 ∑’Ëª√–™ÿ¡¡’¡µ‘„Àâ‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π®”π«π 1,350,284,030 Àÿâπ ®“°∑ÿπ®¥∑–‡∫’¬π 649,715,970 Àÿâπ ‡ªìπ 2,000,000,000 Àÿâπ ‚¥¬·∫àß‡ªìπÀÿâπ “¡—≠ 2,000,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑ ∫√‘…—∑œ‰¥â®¥∑–‡∫’¬πµàÕ°√–∑√«ßæ“≥‘™¬å„π«—π∑’Ë 9 µÿ≈“§¡ 2545

25. °“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ”À√—∫‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π 25.1 π‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠ √“¬≈–‡Õ’¬¥¢Õßπ‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠ «‘∏’°“√∑’Ë„™â´÷Ëß√«¡∂÷ß‡°≥±å„π°“√√—∫√Ÿâ ‡°≥±å„π°“√«—¥§à“·≈–°“√√—∫√Ÿâ√“¬‰¥â·≈– §à“„™â®à“¬∑’Ë‡°’Ë¬«°—∫ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑“ß°“√‡ß‘π·µà≈–ª√–‡¿∑‰¥â‡ªî¥‡º¬‰«â·≈â«„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ∑’Ë 3 25.2 §«“¡‡ ’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“¬µàÕ°“√¥”‡π‘πß“π¢Õß ∫√‘…∑— œ„πß«¥ªí®®ÿ∫π— ·≈–ß«¥µàÕÊ ‰ª ∫√‘…∑— œ¡’§«“¡‡ ’¬Ë ß‡°’¬Ë «°—∫Õ—µ√“¥Õ°‡∫’¬È „π°√≥’∑ÕË’ µ— √“¥Õ°‡∫’¬È Ÿß¢÷πÈ ‡π◊ÕË ß®“°∫√‘…∑— ¬àÕ¬¡’‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“° ∂“∫—π°“√‡ß‘π„π®”π«π∑’Ë¡’ “√– ”§—≠ 25.3 ¡Ÿ≈§à“¬ÿµ‘∏√√¡¢Õß ‘π∑√—æ¬å·≈–Àπ’È ‘π∑“ß°“√‡ß‘π ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬„™â«‘∏’·≈–¢âÕ ¡¡µ‘∞“π¥—ßµàÕ‰ªπ’È „π°“√ª√–¡“≥¡Ÿ≈§à“¬ÿµ‘∏√√¡¢Õß‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π - ‡ß‘π ¥ ‡ß‘πΩ“°∏π“§“√ ·≈–‡ß‘π≈ß∑ÿπ√–¬– —Èπ · ¥ß¡Ÿ≈§à“¬ÿµ‘∏√√¡‚¥¬ª√–¡“≥µ“¡®”π«π‡ß‘π∑’Ë· ¥ß„πß∫¥ÿ≈ - ≈Ÿ°Àπ’È°“√§â“·≈–µ—Î«‡ß‘π√—∫∑’Ë§√∫°”Àπ¥™”√–π—∫µ—Èß·µà«—π ‘Èπß«¥πâÕ¬°«à“ 90 «—π À√◊Õ≈Ÿ°Àπ’È∑’Ëº‘¥π—¥™”√–Àπ’È · ¥ß¡Ÿ≈§à“ ¬ÿµ‘∏√√¡‚¥¬ª√–¡“≥µ“¡®”π«π‡ß‘π∑’Ë· ¥ß„πß∫¥ÿ≈ - ‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å ¡Ÿ≈§à“¬ÿµ‘∏√√¡ª√–¡“≥®“°¡Ÿ≈§à“ ‘π∑√—æ¬å ÿ∑∏‘ - ¥Õ°‡∫’È¬§â“ß√—∫ ¡Ÿ≈§à“¬ÿµ‘∏√√¡‚¥¬ª√–¡“≥· ¥ßµ“¡®”π«π‡ß‘π∑’Ë· ¥ß„πß∫¥ÿ≈ - ‡ß‘π‡∫‘°‡°‘π∫—≠™’∏π“§“√ ‡®â“Àπ’È°“√§â“·≈–µ—Î«‡ß‘π®à“¬∑’Ë¡’°”Àπ¥°“√™”√–Àπ’È ‰¡à‡°‘π 90 «—π √“§“¬ÿµ‘∏√√¡‚¥¬ª√–¡“≥ · ¥ßµ“¡®”π«π‡ß‘π∑’Ë· ¥ß„πß∫¥ÿ≈ - ¥Õ°‡∫’È¬§â“ß®à“¬ ¡Ÿ≈§à“¬ÿµ‘∏√√¡‚¥¬ª√–¡“≥· ¥ßµ“¡®”π«π‡ß‘π∑’Ë· ¥ß„πß∫¥ÿ≈ - ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«´÷Ëß¡’Õ—µ√“¥Õ°‡∫’È¬≈Õ¬µ—« √“§“µ“¡∫—≠™’¡’®”π«π‡∑à“°—∫√“§“¬ÿµ‘∏√√¡‚¥¬ª√–¡“≥

26. °“√®—¥ª√–‡¿∑∫—≠™’„À¡à ∫√‘…∑— œ‰¥â®¥— ª√–‡¿∑√“¬°“√∫—≠™’ „πß∫°“√‡ß‘π ”À√—∫ªï ‘πÈ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 „À¡à‡æ◊ÕË „Àâ‡ª√’¬∫‡∑’¬∫°—∫ß∫°“√‡ß‘π ”À√—∫ ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ‰¥â °“√®—¥ª√–‡¿∑√“¬°“√∫—≠™’π’È ‰¡à¡’º≈°√–∑∫µàÕ°”‰√(¢“¥∑ÿπ) ÿ∑∏‘ª√–®”ß«¥

27. °“√Õπÿ¡—µ‘ß∫°“√‡ß‘π ß∫°“√‡ß‘ππ’È ‰¥â√—∫°“√Õπÿ¡—µ‘®“°°√√¡°“√¢Õß∫√‘…—∑œ·≈â«

28. ¢âÕ¡Ÿ≈®”·π°µ“¡ à«πß“π ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ ª√–°Õ∫∏ÿ√°‘®À≈—° 3 ª√–‡¿∑ ¥—ßπ’È

1) æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å æ—≤π“∑’Ë¥‘πµà“ßÊ √«¡∑—Èß°“√√—∫®â“ßª≈Ÿ° √â“ßª√–‡¿∑µà“ßÊ ‚¥¬‡πâπ‡√◊ËÕß°“√æ—≤π“∑’Ë¥‘π‡æ◊ËÕÕ¬ŸàÕ“»—¬ ‡ªìπÀ≈—° 2) ª√–°Õ∫°‘®°“√∫√‘À“√·≈–®—¥°“√‚√ß·√¡ ¿—µµ“§“√ ∫“√å ·≈– ∂“πæ—°µ“°Õ“°“» 3) ≈ß∑ÿπ„π∏ÿ√°‘®µà“ßÊ „πµà“ßª√–‡∑» ¢âÕ¡Ÿ≈‡°’Ë¬«°—∫°“√¥”‡π‘πß“πµ“¡ª√–‡¿∑ à«πß“π∑“ß∏ÿ√°‘®·≈–‡°≥±å∑“ß°“√µ≈“¥¢Õß∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ª√–°Õ∫¥â«¬ Àπà«¬ : æ—π∫“∑ æ—≤π“ ∫√‘À“√·≈– ≈ß∑ÿπ„π √“¬°“√ Õ —ßÀ“√‘¡∑√—æ¬å ®—¥°“√‚√ß·√¡ µà“ßª√–‡∑» √«¡ µ—¥∫—≠™’ √«¡ √“¬‰¥â®“°°“√¢“¬·≈–√—∫ª≈Ÿ° √â“ß 1,710,815 1,710,815 1,710,815 √“¬‰¥â®“°°“√„Àâ‡™à“·≈–∫√‘°“√ 68,146 46,896 115,042 (2,520) 112,522 °”‰√®“°°“√‚Õπ°≈—∫¢“¥∑ÿπ ®“°°“√≈¥¡Ÿ≈§à“ ‘π§â“ 226,556 226,556 226,556 °”‰√®“°°“√‰∂à∂ÕπÀÿâπ°Ÿâ 138,550 138,550 138,550 √“¬‰¥âÕ◊Ëπ 86,827 2,607 89,434 (4,882) 84,552 √«¡√“¬‰¥â 2,230,894 49,503 2,280,397 (7,402) 2,272,995 µâπ∑ÿπ¢“¬·≈–√—∫ª≈Ÿ° √â“ß 1,229,770 25,963 1,255,733 (2,400) 1,253,333 °”‰√®“°°“√¥”‡π‘πß“π 1,001,124 23,540 1,024,664 (5,002) 1,019,662 §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ 232,626 20,686 253,312 (120) 253,192 Àπ’È ß —¬®– Ÿ≠ 16 16 (16) ¢“¥∑ÿπ®“°“√≈¥¡Ÿ≈§à“ ‘π§â“§ß‡À≈◊Õ 42,990 42,990 42,990 ¢“¥∑ÿπ®“°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ °“√ª√—∫‚§√ß √â“ßÀπ’È 22,426 22,426 22,426 ¢“¥∑ÿπ„π à«π‰¥â‡ ’¬¢Õß∫√‘…—∑¬àÕ¬ 137,546 137,546 (32,473) 105,073 ¿“…’‡ß‘π‰¥â 189 189 189 ¥Õ°‡∫’È¬®à“¬ 148,606 2,548 151,154 (5,394) 145,760 °”‰√(¢“¥∑ÿπ)°àÕπÀ—° à«π¢Õß ºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ 416,914 117 417,031 33,001 450,032 à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π°”‰√ (¢“¥∑ÿπ) ÿ∑∏‘ 33,303 33,303 °”‰√(¢“¥∑ÿπ)°àÕπ√“¬°“√æ‘‡»… 416,914 117 417,031 66,304 483,335 √“¬°“√æ‘‡»… °”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È 465,715 465,715 465,715 °”‰√(¢“¥∑ÿπ) ÿ∑∏‘ 882,629 117 882,746 66,304 949,050 ‘π∑√—æ¬å∂“«√- ÿ∑∏‘ ≥ 31 ∏—π«“§¡ 2545 357,377 12,489 369,866 (172) 369,694

50 ∫â“π»ÿ¿≥—∞ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿¥√—≈ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

51 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2544 ª√–°Õ∫¥â«¬ Àπà«¬ : æ—π∫“∑ æ—≤π“ ∫√‘À“√·≈– Õ —ßÀ“√‘¡∑√—æ¬å ®—¥°“√‚√ß·√¡ √“¬‰¥â®“°°“√¢“¬·≈–√—∫ª≈Ÿ° √â“ß 670,516 √“¬‰¥â®“°°“√„Àâ‡™à“·≈–∫√‘°“√ 68,818 39,145 °”‰√®“°°“√‚Õπ°≈—∫¢“¥∑ÿπ ®“°°“√≈¥¡Ÿ≈§à“ ‘π§â“ 102,356 °”‰√®“°°“√‚Õπ ‘π∑√—æ¬å‡æ◊ËÕ °“√ª√—∫‚§√ß √â“ßÀπ’È 40,441 °”‰√(¢“¥∑ÿπ)„π à«π‰¥â‡ ’¬ ¢Õß∫√‘…—∑¬àÕ¬ 233,238 √“¬‰¥âÕ◊Ëπ 27,090 12,414 √«¡√“¬‰¥â 1,142,459 51,559 µâπ∑ÿπ¢“¬·≈–√—∫ª≈Ÿ° √â“ß 551,983 26,621 °”‰√®“°°“√¥”‡π‘πß“π 590,476 24,938 §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ 152,509 18,739 Àπ’È ß —¬®– Ÿ≠ 239,806 12 ¿“…’‡ß‘π‰¥â 578 ¥Õ°‡∫’È¬®à“¬ 259,760 19 °”‰√(¢“¥∑ÿπ)°àÕπÀ—° à«π¢Õß ºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ (61,599) 5,590 à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π°”‰√ (¢“¥∑ÿπ) ÿ∑∏‘ °”‰√(¢“¥∑ÿπ)°àÕπ√“¬°“√æ‘‡»… (61,599) 5,590 √“¬°“√æ‘‡»… °”‰√®“°°“√ª√—∫‚§√ß √â“ßÀπ’È 786,855 °”‰√(¢“¥∑ÿπ) ÿ∑∏‘ 725,256 5,590 ‘π∑√—æ¬å∂“«√ - ÿ∑∏‘ ≥ 31 ∏—π«“§¡ 2544 361,696 13,367

≈ß∑ÿπ„π µà“ßª√–‡∑» -

√«¡ 670,516 107,963

√“¬°“√ µ—¥∫—≠™’ (2,520)

√«¡ 670,516 105,443

102,356

40,441

196 -

233,238 39,504 1,194,018 578,604 615,414 171,444 239,818 578 259,779

(233,238) (2,164) (237,922) (2,520) (235,402) (233,902) (2,164)

37,340 956,096 576,084 380,012 171,444 5,916 578 257,615

(196)

(56,205)

664

(55,541)

(196)

(56,205)

6,085 6,749

6,085 (49,456)

(196)

786,855 730,650

6,749

786,855 737,399

375,063

SUPALAI PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES Notes to the financial statements For the year then ended December 31, 2002 and 2001 1. Nature of the companyûs operations and other information Supalai Public Company Limited is registered in Thailand on November 26, 1992. Type of business is Real estate Development. Location : 175 Supalai Place Building, Soi 39, Sukhumvit Rd., Klongton Nua, Wattana, Bangkok 10110, Thailand. The company has information of employees consists of : Consolidated The company only 2002 2001 2002 2001 Number of employee (person) 322 295 184 154 Cost of employee (million baht) 62.78 60.13 44.62 42.60

2. Basis for preparation of the financial statements The financial statement has been made in compliance with the Notification of the Commercial Registration Department date September 14, 2001 issued under the Accounting Act B.E. 2000. The consolidated financial statements for the year then ended December 31, 2002 and 2001 consists of the financial statements of SUPALAI PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES. The company held its subsidiaries shares capital as following : Name

Percentage of Shareholding

Type of business

Relationship

SUPALAI (CAYMAN) INC. SUPALAI PROPERTY MANAGEMENT CO., LTD. HAADYAI NAKARIN CO., LTD.

100.00% 99.89% 49.89%

Investor in foreign country Management, Hotel Real estate

SUPALAI NORTHEAST CO., LTD.

49.86%

Real estate

Shareholding Shareholding Power to govern by directors Power to govern by directors

For the year then ended December 31, 2001 and 2000, Consolidated financial statement had include financial statement of HAADYAI NAKARIN CO., LTD. and SUPALAI NORTHEAST CO., LTD. Because the parent company has the power to govern the financial and operating policies in subsidiaries by directors. * Supalai (Cayman) Inc. a subsidiary, registered in Cayman Island, has informed that it has filed a strike off from the Register in Cayman on June 27, 2002. Therefore, the consolidated financial statement for the year then ended December 31, 2002, are not consolidated this subsidiary financial statement. The financial statements of SUPALAI (CAYMAN) INC. for the year then ended December 31, 2001 were unaudited by the auditors. Because the subsidiary was registered in foreign countries.

3. Significant accounting policies

3.1 Income Recognition and Expenses - The company records income and expenses on accrual basis. ∫â“π»ÿ¿πÿ™ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿æ—≤πå Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

3.2

3.3 3.4

3.5

3.6

3.7

- The company recognizes income in compliance with the Accounting Standards for recognition of income from real estate business such as sales of land, condominium and land with construction (except house construction contracts). The company recognizes income on the percentage of completion method for which buyers must pay their deposits and installments not less than 20 per cent of the contract amounts and the overdue payments not more than 3 installments, Moreover, the total contracts for sale of condominium must not be less than 40 percent of area opened for sale and çthe work-in-process must be at level not less 10 percent of the construction work of that particular project sold. - Interest income are recognized on a time proportion basis that takes into account the effective yield on the asset. - The company recognizes rental income by each contract period. - The company records cost of sale and construction by actual incurred development cost plus projected remaining development cost divided by total sale area, and then recognizes cost of sales and construction in Income statement for income recognition. - The company records cost of sales of condominium by actual incurred development cost and projected remaining development cost divided by total sale area, and then recognizes in Income statement on the percentage of completion method which are appraisal by engineering project manager. Cash and cash equivalents For the purposes of the statement of cash flows, cash and cash equivalents include cash on hands and at banks which an original maturity period of 3 months or less, and non obligations. Collateral Collateral deposit are saving deposits and fixed deposit with has been obligations. Current investments Current investments include promissory note and cash at banks which an original maturity period over 3 months and non obligations. Allowance for Doubtful Accounts The company and its subsidiaries provide allowance for doubtful accounts equal to the estimated collection losses that may be incurred in the collection of receivables and managementûs experiences together with a review of the current financial position of each accounts receivable. Inventories Inventories are valued at cost by specific method or net realizable value whichever is lower. Land under development for sales and condominiums under construction include the costs of raw land, interest on related loans, and development and construction costs, net of costs of land and condominiums sold. Investments - Investment in related parties Investment in subsidiary parties recorded by Equity Method and adjust from updated of financial statements. In case where the subsidiaries occurs a loss in excess of investment, the company will reduce the investment account at zero, and recognizes occurs a loss in excess of investment not over commitments the company has guarantee with subsidiary company, negative investment will be recorded çProvision for loss exceed investment in subsidiary companiesé between liabilities and shareholdersû equity for the company only. - Investment in securities Investment in securities under Asset Management Fund, the company holds such securities for sale and records its fair value. The company recognizes changes under separated item in the shareholdersû equity and shall record in the profit and loss when company sells such securities.

3.8

3.9

3.10

3.11

3.12

3.13

3.14

- Investment in other company Investment in shareholders of other company which is not subject to public sale is stated at cost as net by allowance for devaluation of investment, computed by net realizable value of investment. Assets for rent and depreciation Assets for rent is stated at cost less accumulated depreciation. Depreciation is calculated by reference to cost on a straight-line method over estimated useful live of 5-20 years. Property, plant and equipment - net Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation of plant and equipment is calculated by reference to its cost on a straight-line method over estimated useful live of 5-20 years. No depreciation is provided for land. The company and its subsidiaries has a policy for an appraisement of its fixed assets in use provided, there are indications to make the company believe that the impairment on the fixed assets arises. That is the expected value to be recovered from the fixed asset is less than the book value of the asset. If there is impairment for the asset, the excess of the asset book value over the net sale value or the asset value in use, whichever is higher, will be recognized as an impairment loss by the company. Gain from troubled debt restructurings The company and its subsidiaries adopt an accounting policy related to trouble debt restructuring when the debt restructuring involves a waiver of debts, a portion of the waived debts that exceeds the aggregate amount of interest expenses to be incurred over the term of the new agreement is recognized as an extraordinary gain in the earnings statement. Foreign Currency Transactions Foreign currency transactions during the periods are recorded at the rates prevailing on the transaction dates. Assets and liabilities in foreign currencies at the balance sheet dates are translated into Baht at the prevailing rates at those dates. Gain or loss from translation are credited or charged to current operations. Estimate of account Preparation of financial statements in conformity generally accepted accounting principles requires management to make estimate assumptions that effect the reported amounts of revenues, expense, assets and liabilities and disclosure of contingent assets and liabilities. Actual results may differ from those estimates. Companyûs shares held by the subsidiaries The consolidated financial statements, investment in securities which Companyûs shares held by the subsidiaries is stated of cost. Basic earnings (loss) per share Basic earnings (loss) per share are computed on the basic of dividing the net profit (loss) by the weighted average number paid-up ordinary shares at the end of the period.

4. Transactions with related parties

The company and subsidiaries have certain transactions with their related companies. A portion of the assets, liabilities, revenues and expenses arose from transactions with the related companies which are related through common shareholdings and/or directorships. The effects of these transactions were reflected in the accompanying financial statements on the basis determined by the companies concerned which are on the normal course of business. The significant transactions between the company and its related companies reflected in the accompanying financial statements of the company only were as follows; ∫â“π»ÿ¿¡—≥±‘√“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿√µ“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

55 4.1 Advance to related parties As at December 31, 2002 and 2001 consist of the following:The Company only 2002 2001 400,000.00 -

Supalai Property Management Co.,Ltd. 4.2 Loans to related parties - net As at December 31, 2002 and 2001 consist of the following:Balance at Dec. 31, 2001 M.K. Estate Co.,Ltd. Principal Add Accrued interest income Total

Balance at Dec. 31, 2001 Loans to related parties : Supalai (Cayman) Inc. Supalai Property Management Co., Ltd. Haadyai Nakarin Co., Ltd Supalai Northeast Co., Ltd. Total Add Accured interest income Supalai (Cayman) Inc. Supalai Property Management Co., Ltd. Haadyai Nakarin Co., Ltd Supalai Northeast Co., Ltd. Total Grand total Less Allowance for doubtful accounts Net

302,230,145.55 38,841,456.16 8,797,643.13 349,869,244.84 113,626,170.29

Consolidated Movement for the period Addition Deduction 2,362,500.00 116,076.11 2,478,576.11

The Company only Movement for the period Addition Deduction -

302,230,145.55

65,280,000.00 15,999,900.00 30,000.00 65,310,000.00 318,230,045.55 -

113,626,170.29

Balance at Dec. 31, 2002 2,362,500.00 116,076.11 2,478,576.11

Balance at Dec. 31, 2002 65,280,000.00 22,841,556.16 8,827,643.13 96,949,199.29 -

18,429,873.47 8,883,661.35 140,939,705.11 490,808,949.95

2,337,515.84 5,806.12 2,483,042.96 481,583.78 5,302,142.58 113,631,976.41 70,612,142.58 431,862,021.96

2,331,709.72 20,912,916.43 9,365,245.13 32,609,871.28 129,559,070.57

(344,737,620.34) 146,071,329.61

(17,077,336.72) 343,622,068.79

(18,192,888.27) 111,366,182.30

The company charge interest in the related parties at the rate MLR, excepted SUPALAI (CAYMAN) INC. charges at the rate 10% per year.

4.3 Investments in related parties Consolidated Type of Business Inter United Investment Inc. Investment Mancon Investment Group Co.,Ltd. Investment Total Company

Company Supalai Property Management Co., Ltd. * Supalai (Cayman) Inc. Haadyai Nakarin Co., Ltd. Supalai Northeast Co., Ltd. Total

Percentage of Paid-up Holding Capital 22.00 USD.8,000,000.00 22.00 HKD.2,000,000.00

Investments 2002 -

2001 133,347,234.96 2,512,211.51 135,859,446.47

The company only As at December, 2002 Percentage Investments Type of of Paid-up Business Holding Capital Cost Equity Management, 99.89 20,000,000.00 19,977,600.00 17,167,280.98 Hotel Investor in 100.00 50,840,000.00 50,840,000.00 foreign country Real estate 49.89 191,500,000.00 105,370,000.00 156,315,369.62 Real estate 49.86 70,000,000.00 34,900,000.00 173,482,650.60 The company only As at December, 2001 Percentage Investments Type of of Paid-up Business Holding Capital Cost Equity Management, 99.89 20,000,000.00 19,977,600.00 17,050,350.42 Hotel Investor in 100.00 50,840,000.00 50,840,000.00 105,072,830.94 foreign country Real estate 49.89 191,500,000.00 105,370,000.00 156,429,301.81 Real estate 49.86 70,000,000.00 34,900,000.00 278,552,483.17

* The computation of equity in net loss of investment in SUPALAI CAYMAN INC. was taken from the financial statement as of December 31, 2002 and 2001 which were unaudited by the auditor. - Provision for loss in subsidiary companies In case where the subsidiary companies occurs a loss in excess of invesment, the company will reduce the investment account at zero, the negative investment will be recorded under çProvision for loss in subsidiary companiesé in liabilities for the company only.

56 ∫â“π»ÿ¿√—µπ“(„À¡à) Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿√“™ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

57 As at December 31, 2002 and 2001 consist of the following:Percentage of owner Associated Companies 2002 2001 Supalai Northeast Co.,Ltd. 49.86% 49.86% Supalai (Cayman) Inc. 100.00% 100.00% Total

The company only 2002 2001 61,759,136.59 29,283,160.40 61,759,136.59 29,283,160.40

4.4 Companyûs shares held by the subsidiaries As at December 31, 2002 and 2001 consist of the following:Consolidated

Haadyai Nakarin Co., Ltd. Supalai Property Management Co., Ltd. Supalai (Cayman) Inc. Total

Number of shares 2002 2001 1,640,000 2,047,900 3,000,000 4,640,000

3,000,000 5,047,900

Cost 2002 2001 51,640,940.07 82,643,547.00 65,280,000.00 8,400,000.00 116,920,940.07 91,043,547.00

4.5 Advance for shares subscription As at December 31, 2002 and 2001 consist of the following:Consolidated 2002 2001 Supalai Northeast Co., Ltd. Southern Hill Co., Ltd. 1,550,000.00 1,250,000.00 Total 1,550,000.00 1,250,000.00

The company only 2002 2001 3,800,000.00 3,800,000.00 3,800,000.00 3,800,000.00

4.6 Interest income from loan to related parties 4.7 Rental income from related parties

The company only 2002 2001 5,369,689.30 2,164,139.31 2,520,000.00 2,520,000.00

4.8 The company has guarantee loan from bank of Supalai Northeast Co.,Ltd. in amounting of 180 million Baht. (2001 : 180 million Baht.)

5. Trade Accounts Receivable - net As at December 31, 2002 and 2001 consist of the following:Consolidated The company only 2002 2001 2002 2001 12,176,147,025.32 10,200,039,517.02 11,298,317,224.12 9,418,828,391.82 Total Sale project value Percentage of total sale project value 52.64 49.96 51.98 49.38 Installment due 10,828,076,826.60 9,105,800,947.98 10,019,854,225.40 8,372,389,522.78 Less Received (10,806,427,741.68) (9,076,573,834.98) (9,998,738,813.90) (8,350,698,409.78) Total accounts receivable 21,649,084.92 29,227,113.00 21,115,411.50 21,691,113.00 Less Allowance for doubtful account (1,929,644.00) (8,992,644.00) (1,667,644.00) (1,667,644.00) Net 19,719,440.92 20,234,469.00 19,447,767.50 20,023,469.00 The outstanding balances of trade accounts receivable as at December 31, 2002 and 2001 were classified by aging as follows :Consolidated The company only 2002 2001 2002 2001 Less than 3 months 5,361,572.42 7,800,951.00 5,150,899.00 7,629,951.00 More than 3 months - 6 months 8,537,673.00 255,900.00 8,537,673.00 225,900.00 More than 6 months - 12 months 776,600.00 245,300.00 715,600.00 235,300.00 More than 12 months 6,973,239.50 20,924,962.00 6,711,239.50 13,599,962.00 21,649,084.92 29,227,113.00 21,115,411.50 21,691,113.00 Total Less Allowance for doubtful account (1,929,644.00) (8,992,644.00) (1,667,644.00) (1,667,644.00) Net 19,719,440.92 20,234,469.00 19,447,767.50 20,023,469.00 Accounts receivable to be in arrear over 1 year net off allowance for doubtful account as at December 31, 2002 and 2001 in consolidated amounting of Baht 5.04 million and Baht 11.93 million respectively and for the company only amounting of Baht 5.04 million and Baht 11.93 million respectively. The company are not recorded allowance for doubt account, because the right of goods are not transferred to the customers. When the customer has been break the contract the company are reverse all transaction ever recorded and recognized cash received to income from contract cancellation in statement of income.

6. Unbilled completed work

As at December 31, 2002 and 2001 consist of the following:Consolidated The company only 2002 2001 2002 2001 10,821,825,451.83 9,104,354,853.61 10,008,790,650.63 8,366,641,228.41 Income which recognized method under percentage of completion Less Installment due (10,828,076,826.60) (9,105,800,947.98) (10,019,854,225.40) (8,372,389,522.78) (6,251,374.77) (1,446,094.37) (11,063,574.77) (5,748,294.37) Total This disclosure consists of : Unbilled completed work 112,768,570.62 100,003,811.01 101,836,870.62 93,077,111.01 Less Unrealized revenue (119,019,945.39) (101,449,905.38) (112,900,445.39) (98,825,405.38) Total (6,251,374.77) (1,446,094.37) (11,063,574.77) (5,748,294.37) ∫â“π»ÿ¿«√√≥(æ‘‡»…) Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿ ‘√‘ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

59 7. Inventories As at December 31, 2002 and 2001 consist of the following:Consolidated The company only 2002 2001 2002 2001 Land 3,042,178,103.40 3,463,986,786.51 2,749,436,891.70 3,160,799,908.89 Condominiums 381,927,027.10 870,979,460.68 381,927,027.10 870,979,460.68 Houses and Commercial Building 510,277,261.15 357,480,926.98 443,032,920.46 277,900,885.96 Others 588,499.99 482,472.86 Total 3,934,970,891.64 4,692,929,647.03 3,574,396,839.26 4,309,680,255.53 Less Allowance for the devaluation of inventories (191,765,835.38) (375,332,007.37) (63,898,496.86) (290,454,942.37) Net 3,743,205,056.26 4,317,597,639.66 3,510,498,342.40 4,019,225,313.16 As at December 31, 2002 and 2001 consist of the following:Consolidated 2002 2001 12,351,589,150.30 11,667,731,603.60 Cost of project value Less Transferring to cost of sales (6,591,672,825.85) (5,278,364,062.19) Transferring to assets for lease (212,513,549.62) (203,560,400.54) Transferring to fix assets (220,571,995.40) (231,542,984.13) Transferring assets to pay off (1,391,859,887.79) (1,261,334,509.71) Total (8,416,618,258.66) (6,974,801,956.57) Inventories - net 3,934,970,891.64 4,692,929,647.03 Less Allowance for the devaluation (191,765,835.38) (375,332,007.37) Net 3,743,205,056.26 4,317,597,639.66

The company only 2002 2001 11,356,027,092.98 10,680,548,096.82 (6,131,146,242.05) (4,855,695,794.62) (200,486,083.50) (184,728,507.85) (58,138,040.38) (69,109,029.11) (1,391,859,887.79) (1,261,334,509.71) (7,781,630,253.72) (6,370,867,841.29) 3,574,396,839.26 4,309,680,255.53 (63,898,496.86) (290,454,942.37) 3,510,498,342.40 4,019,225,313.16

In 2002, the company has transferred land for project, project in construction to pay off the creditor. The book value of assets in 130.53 million Baht. (Please see notes to the financial statement No. 18) In 2001, the company has transferred land for project, project in construction to pay off the creditor. The book value of assets in 262.91 million Baht. (Please see notes to the financial statement No. 18)

8. Deposits for Land Deposits for purchase of land were resulted from the agreements to purchase and buy land between the company and the sellers of land.

9. Long-term investment As at December 31, 2002 and 2001 consist of the following:Consolidated 2002 Other investment 3,248,400.00 (1,242,400.00) 2,006,000.00

Investment in securities under asset management Equity instrument Unrealized gain on securities available for sales Allowance for devaluation of investment Net

Securities available for sale 4,010,000.00 (2,821,753.00) 1,188,247.00

Investment in securities under asset management Equity instrument Unrealized gain on securities available for sales Allowance for devaluation of investment Net

The company only 2002 Securities Other available for sale investment 4,010,000.00 2,000,000.00 (2,821,753.00) (1,132,000.00) 1,188,247.00 868,000.00

Investment in securities under asset management Equity instrument Unrealized gain on securities available for sales Allowance for devaluation of investment Net

Consolidated / The company only 2001 Securities Other available for sale investment Total 4,010,000.00 4,010,000.00 2,000,000.00 2,000,000.00 (2,963,771.90) (2,963,771.90) (992,000.00) (992,000.00) 1,046,228.10 1,008,000.00 2,054,228.10

Total 4,010,000.00 3,248,400.00 (2,821,753.00) (1,242,400.00) 3,194,247.00

Total 4,010,000.00 2,000,000.00 (2,821,753.00) (1,132,000.00) 2,056,247.00

10. Loan to other companies As at December 31, 2002 and 2001 consist of the following:Consolidated 2002 2001 Allied Property Teamwork Co.,Ltd. Principal 22,508,582.63 Accrued interest income 2,790,187.85 Total 25,298,770.48 Less Allowance for doubtful accounts (25,298,770.48) Net

The company only 2002 2001 -

60 ∫â“π»ÿ¿Õ“¿“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

22,508,582.63 2,790,187.85 25,298,770.48 (25,298,770.48) -

∫â“π»ÿ¿— √“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

61 11. Project during construction As at December 31, 2002 and 2001 consist of the following:Consolidated The company only 2002 2001 2002 2001 Building in construction 536,193,154.17 536,193,154.17 536,193,154.17 536,193,154.17 Building in construction - premium 259,228,745.37 259,228,745.37 259,228,745.37 259,228,745.37 Furniture under construction 2,654,899.20 2,113,715.54 2,654,899.20 2,113,715.54 Other construction 5,908,055.98 7,918,602.15 5,908,055.98 7,918,602.15 803,984,854.72 805,454,217.23 803,984,854.72 805,454,217.23 Total In 1999, an external appraised person appraised the construction-in-progress project at Supalai Grand Tower of which fair market value of appraisal is totalling 259.2 million Baht higher than original cost the company are recorded çPremium on assetûs valuationé under shareholderûs equity. The above construction-in-progress project has been mortgaged as security for bank overdrafts and loan from banks and financial institutions. In 2001, the company has transferred land for project, project in construction to pay off the creditor. The book value of assets in 0.5 million Baht. (Please see notes to the financial statement No. 18)

12. Assets for rent-net Consolidated Land Cost Balance at Jan. 1, 2002 14,736,941.01 Addition Disposal Transfer (5,846,255.45) Balance at Dec. 31, 2002 8,890,685.56 Accumulated depreciation Balance at Jan. 1, 2002 Addition Disposal Transfer Balance at Dec. 31, 2002 Book value at Dec. 31, 2002 8,890,685.56 Book value at Dec. 31, 2001 14,736,941.01 Depreciation of the year 2002 Depreciation of the year 2001 -

Furniture Shop houses Condominiums and Fixture

Total

4,094,951.68 183,500,540.62 (47,520,243.36) (958,171.12) 24,855,262.28 3,136,780.56 160,835,559.54

15,646,790.15 217,979,223.46 (2,584,743.05) (50,104,986.41) 1,454,288.21 19,505,123.92 14,516,335.31 187,379,360.97

The company only Land Cost Balance at Jan. 1, 2002 Addition Disposal Transfer Balance at Dec. 31, 2002 Accumulated depreciation Balance at Jan. 1, 2002 Addition Disposal Transfer Balance at Dec. 31, 2002 Book value at Dec. 31, 2002 Book value at Dec. 31, 2001 Depreciation of the year 2002 Depreciation of the year 2001

Furniture Shop houses Condominiums and Fixture

Total

183,500,540.62 15,646,790.15 199,147,330.77 (47,520,243.36) (2,584,743.05) (50,104,986.41) 24,855,262.28 1,454,288.21 26,309,550.49 160,835,559.54 14,516,335.31 175,351,894.85

The above assets for rent has been mortgaged as security for bank overdrafts and loan from financial institutions.

62 ∫â“π»ÿ¿“∏√ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

182,566,399.41

Book value at Dec. 31, 2002

Book value at Dec. 31, 2001

Depreciation of the year 2002 Depreciation of the year 2001

Balance at Dec. 31, 2002

182,566,399.41

Balance at Dec. 31, 2002

182,566,399.41 -

Balance at Jan. 1, 2002 Addition Disposal Transfer

Accumulated depreciation Balance at Jan. 1, 2002 Addition Disposal Transfer

Cost

Land

2,224,385.66 2,490,681.17

29,423,419.35

22,286,977.17

22,096,260.03

21,621,292.20 2,224,385.66 (1,702,775.12) (46,642.71)

44,383,237.20

51,044,711.55 105,000.00 (6,766,474.35) -

Build and Structures

13. Property, plant and equipment-net

1,586,617.89 1,800,066.85

17,863,673.68

20,106,096.90

24,862,616.32

23,317,438.34 1,586,617.89 (28,599.64) (12,840.27)

44,968,713.22

41,181,112.02 3,900,324.18 (29,372.98) (83,350.00)

Condominiums and shop houses

111,692,882.08

111,692,882.08 -

Land

1,217,200.77 1,219,189.14

15,197,152.22

13,246,894.56

9,911,889.86

9,146,862.61 1,217,200.77 (452,173.52) -

23,158,784.42

24,344,014.83 (1,185,230.41) -

217,937.96 218,535.06

2,773,567.83

2,555,629.87

1,803,129.38

1,585,191.42 217,937.96 -

4,358,759.25

4,358,759.25 -

1,473,338.55 1,426,187.17

4,270,654.74

5,243,641.54

28,637,926.90

27,164,588.35 1,473,338.55 -

33,881,568.44

31,435,243.09 2,545,828.06 (99,502.71)

Gain on assetsû valuation Build and Condominiums Machinery and Structures and shop houses equipment

Consolidated

1,600,395.27 1,716,173.59

4,847,657.62

6,037,767.30

29,281,483.96

29,506,998.20 1,600,395.27 (1,837,326.47) 11,416.96

35,319,251.26

34,354,655.82 2,628,644.20 (1,837,351.47) 173,302.71

Furniture Fixture and equipments

697,571.81 783,953.50

1,971,810.27

2,217,137.25

16,239,323.75

15,821,155.29 697,571.81 (280,826.66) 1,423.31

18,456,461.00

17,792,965.56 1,030,227.90 (376,282.46) 9,550.00

Vehicles

1,223,317.69 984,527.48

4,455,264.68

3,740,935.61

32,930,486.65

31,707,168.96 1,223,317.69 -

36,671,422.26

36,162,433.64 508,988.62 -

Facilities system

Construction in progress

10,240,765.60 10,639,313.96

375,062,481.88

369,694,361.69

165,763,116.85

159,870,695.37 10,240,765.60 (4,301,701.41) (46,642.71)

535,457,478.54

534,933,177.25 10,719,012.96 (10,194,711.67) -

Total

∫â“π»ÿ¿“∏√(„À¡à) Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿“¿√≥å Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

17,087,795.38

Balance at Dec. 31, 2002

17,087,795.38

Book value at Dec. 31, 2001

Depreciation of the year 2002 Depreciation of the year 2001

1,794,184.29 2,141,895.85

25,339,865.14

18,481,981.62

19,912,313.26

19,820,904.09 1,794,184.29 (1,702,775.12) -

38,394,294.88

45,160,769.23 (6,766,474.35) -

1,586,617.89 1,800,066.85

17,863,673.68

20,106,096.90

24,862,616.32

23,317,438.34 1,586,617.89 (28,599.64) (12,840.27)

44,968,713.22

41,181,112.02 3,900,324.18 (29,372.98) (83,350.00)

Condominiums and shop houses

29,513,837.10

29,513,837.10 -

Land

1,217,200.77 1,219,189.14

15,197,152.22

13,246,894.56

9,911,889.86

9,146,862.61 1,217,200.77 (452,173.52) -

23,158,784.42

24,344,014.83 (1,185,230.41) -

217,937.96 218,535.06

2,773,567.83

2,555,629.87

1,803,129.38

1,585,191.42 217,937.96 -

4,358,759.25

4,358,759.25 -

309,624.06 220,054.52

672,154.23

1,690,900.61

14,865,892.27

14,556,268.21 309,624.06 -

16,556,792.88

15,228,422.44 1,427,873.15 (99,502.71)

845,981.21 1,193,973.64

2,000,890.18

3,495,267.38

22,302,164.69

23,282,092.99 845,981.21 (1,837,326.47) 11,416.96

25,797,432.07

25,282,983.17 2,178,497.66 (1,837,351.47) 173,302.71

Furniture Fixture and equipments

141,754.61 306,411.20

246,538.82

920,561.08

14,394,101.31

14,361,693.07 141,754.61 (110,769.68) 1,423.31

15,314,662.39

14,608,231.89 811,480.72 (114,600.22) 9,550.00

Vehicles

Facilities system

Construction in progress

6,113,300.79 7,100,126.26

110,695,474.58

107,098,964.50

108,052,107.09

106,070,450.73 6,113,300.79 (4,131,644.43) -

215,151,071.59

216,765,925.31 8,318,175.71 (9,933,029.43) -

Total

In 1999, the company has appraised fixed assets by external appraised person which fair market valued of appraisal is higher than original cost, it has premium on assetsû valuation in amounting to Baht 61.60 million, the company recorded under the Shareholdersû equity. In 2001, the company has transferred fixed assets to pay off the creditor, the book value of assets amounting to Baht 1.31 million.( Please see notes to the financial statement No. 18) The company and its subsidiaries are pledged land cost value amounting to Baht 25.35 million and pledged building to collateral bank overdraft and loan from financial institution.

17,087,795.38

Book value at Dec. 31, 2002

Balance at Dec. 31, 2002

17,087,795.38 -

Balance at Jan. 1, 2002 Addition Disposal Transfer

Accumulated depreciation Balance at Jan. 1, 2002 Addition Disposal Transfer

Cost

Land

Build and Structures

Gain on assetsû valuation Build and Condominiums Machinery and Structures and shop houses equipment

The company only

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65 14. Bank overdrafts and loans from financial institutions As at December 31, 2002 and 2001 consist of the following:Consolidated 2002 2001 Bank overdrafts and loans from financial institutions 112,631,004.37 116,668,615.45

The company only 2002 2001 5,171,446.84

15,426,829.10

15. Debentures As at December 31, 2002 and 2001 consist of the following:Consolidated 2002 2001 Debentures (Due redemption) 20,000,000.00 * Debentures from restructuring debt 20,000,000.00

The company only 2002 2001 20,000,000.00 7,054,000.00 7,054,000.00 7,054,000.00 27,054,000.00

* Subsidiaries was put on the right in debentures from companyûs debt restructuring payable.

16. Installments payable As at December 31, 2002 and 2001 consist of the following:Consolidated Installments payable Leasing payable Total Less Portion due within one year Net

2002 98,140.00 183,492.00 281,632.00 (281,632.00) -

2001 98,140.00 428,148.00 526,288.00 (342,582.40) 183,705.60

17. Long-term loans As at December 31, 2002 and 2001 consist of the following:Consolidated The company only 2002 2001 2002 2001 Long-term loans from banks 401,741,854.09 402,966,918.11 292,290,007.99 272,493,750.45 from finance and security companies 84,717,887.15 2,574,128.73 82,094,893.54 486,459,741.24 405,541,046.84 374,384,901.53 272,493,750.45 Total Less Portion due within one year (2,622,993.61) (574,805.56) Net 483,836,747.63 404,966,241.28 374,384,901.53 272,493,750.45 The above loans from banks and finance and securities companies have been secured by the companyûs land in addition to the personal guarantees by certain shareholders or management. The loans are repayable when the company collects from its customers on the real estate ownership transferring dates or on the maturity dates

as stipulated in the agreements. Under the terms of the loan agreements with the said banks and finance and securities, the company commits to comply with certain conditions and restructions stipulated in the agreements.

18. Creditors in restructuring agreements The company has agreed to join the debt restructuring process with the Debt Restructuring Committee of the Bank Of Thailand on June 21, 1999. TISCO Finance Public Company Limited as the companyûs Financial Advisor and debt restructuring leader held a meeting on July 12, 1999 in order to have a discussion between the company and its creditors, in which a creditors committee was appointed to be the representative for all creditors. On February 24, 2000, the company and CDRAC creditors signed Restructuring Term Sheet, which the company proposed as aforementioned. As of January 18, 2000, seventeen CDRAC creditors already signed individual debt restructuring agreements have arrear debt : principal loan in amounting to Baht 6,079.85 million and accrued interest amounting to Baht 2,032.95 million with total debt for restructuring amounting to Baht 8,112.80 million as follow : In 2002 The company already signed the memorandum of edit for restructuring agreements from year 2001 have arrear debt : principal loan in amounting to Baht 477.01 million and accrued interest amounting to Baht 358.92 million with total debt for restructuring amounting to Baht 835.93 million as follow : Baht Promissory note Accrued interest Less Transferring assets to pay off Debt restructuring agreement - net Long term loans Future cash payment of interest Liabilities higher cash paid from restructuring debt Loss on sale assets for restructuring debt Extraordinary item gain on restructuring debt

477,012,896 358,924,639

190,000,000 51,346,849

835,937,535 (65,241,000) 770,696,535 241,346,849 529,349,686 (63,634,200) 465,715,486

Under condition of debt restructuring agreement of 2001 can summary as follow : - Transferring assets to pay off The company has transferred land for project to pay off the creditors, The book value of asset is amounting to Baht 130.53 million that is higher than fair value in amounting to Baht 23.93 million. The company has recorded loss on transferring of assets to pay off in statement of income and the company has loss on restructuring debt from transferring assets to pay off in amounting to Baht 61.59 million. - Pay off Long term loan The principal loan in amounting to Baht 190 million interest rate at MLR+2% pay off within 36 months when the creditors signed Restructuring Term Sheet. In 2001 The company already signed the 4 individual debt restructuring agreements from year 2000 have arrear debt : principal loan in amounting to Baht 1,223.77 million and accrued interest amounting to Baht 781.65 million with total debt for restructuring amounting to Baht 2,005.42 million as follow :

66 ∫â“π»ÿ¿“ ‘π’ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

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67 Baht Loans Promissory note Accrued interest Less Transferring assets to pay off Converting to convertible debenture Cash Debt restructuring agreement - net Unsecured debentures Long term loans Future cash payment of interest Deferred gain on debt restructuring Liabilities higher cash paid from restructuring debt Loss on sale assets for restructuring debt Deferred gain on debt restructuring Extraordinary item gain on restructuring debt

378,020,500 845,746,830 781,649,582

165,343,000 207,806,979 81,297,998 578,656,535

2,005,416,912 (317,373,538) (81,447,000) (53,000,408) 1,553,595,966

1,033,104,512 520,491,454 (9,773,543) 276,136,891 786,854,802

Under condition of debt restructuring agreement of 2001 can summary as follow : - Discounting debt in contract According to restructuring debts, creditors agree to discount principal and accrued interest debt restructuring agreement amounting to Baht 1,208.85 million. - Transferring assets to pay off The company has transferred land for project, project in construction and fixed assets to pay off the creditors. The book value of asset is amounting to Baht 265.30 million that is higher than fair value in amounting to Baht 41.61 million. The company has recorded gain on transferring of assets to pay off in statement of income and the company has loss on restructuring debt from tranferring assets to pay off in amounting to Baht 4.85 million. - Converting debt to unsecured debenture Debts in amounting to Baht 165.34 million convert to unsecured debenture as follows : Total debt Type and condition of debenture 165.34 million Baht unsecured debenture, redeemable in 2007 with interest rate 2.5% per annum. - Converting to convertible debenture Debts in amounting to Baht 81.45 million convert to convertible debenture to be common shares as follows : Total debt Type and condition of debenture 81.45 million Baht Convertible debenture to be 3,887,600 common shares The company adhered to writing-off debt portion of principal and interest, asset set-off, conversion to zero-coupon bonds and debt/equity conversion. In 2001, the company accounted for gain recognition amounting to Baht 276.14 million from the deferred gain on debt restructuring and accounted for loss on debt restructuring account amounting to Baht 20.68 million from the asset set-off.

Summary condition of all debt restructuring agreements The company already signed the 17 individual debt restructuring agreements have arrear debt: principal loan in amounting to Baht 6,079.85 million and accrued interest in amounting to Baht 2,032.95 million with total debt

for restructuring in amounting to Baht 8,112.80 million. Under condition of debt restructuring agreement can summary as follow : - Discounting debt in contract According to restructuring debts, creditors agree to discount principal and accrued interest and the result has profit on restructuring in amounting to Baht 2,187.95 million. - Tranferring assets to pay off The company has transferred land for project, project in construction and fixed assets to pay off the creditors. The book value of asset in amounting to Baht 1,326.96 million that is higher than fair value in amounting to Baht 115.09 million. The company has recorded loss from transferring of assets to pay off in statement of income for each period and company has loss from transferring assets to pay off in amounting to Baht 96.45 million. - Converting debt to unsecured debenture Debts in amounting to Baht 1,338.03 million convert to unsecured debenture as follows : Total debt Type and condition of debenture 7.05 million Baht unsecured debenture, redeemable in 2007 with interest rate 2.5% per annum. 305.91 million Baht unsecured debenture, redeemable in 2007 with interest rate 2.5% per annum. 439.89 million Baht unsecured debenture, redeemable in 2010 with interest rate 2.5% per annum. 29.73 million Baht unsecured debenture, redeemable in 2007 with interest rate 2.5% per annum. 70.55 million Baht unsecured debenture, redeemable in 2007 with interest rate 2.5% per annum. 141.09 million Baht unsecured debenture, redeemable in 2007 with interest rate 2.5% per annum. 14.11 million Baht unsecured debenture, redeemable in 2007 with interest rate 2.5% per annum. 164.36 million Baht unsecured debenture, redeemable in 2007 with interest rate 2.5% per annum. 165.34 million Baht unsecured debenture, redeemable in 2007 with interest rate 2.5% per annum. As at July 2, 2002 the company redeemed unsecured debentures in amounting cost 195.07 million baht at 56.52 million baht and the company gained from this redemption 138.55 million baht. - Converting to convertible debenture Debts in amounting to Baht 291.73 million convert to convertible debenture to be common shares as follows : Total debt Type and condition of debenture 3.48 million Baht Convertible debenture to be 165,800 common shares 14.64 million Baht Convertible debenture to be 698,900 common shares 34.75 million Baht Convertible debenture to be 1,658,700 common shares 69.50 million Baht Convertible debenture to be 3,317,500 common shares 80.96 million Baht Convertible debenture to be 3,864,400 common shares 6.95 million Baht Convertible debenture to be 331,700 common shares 81.45 million Baht Convertible debenture to be 3,887,600 common shares

19. Deferred gain on debt restructuring account

Deffered gain on debt restructruing account is the difference between book value of liabilities and cash repayment in future value as per new conditions set forth in the regulations for financial restructuring process with yearly realization of the deferred gain. As at December 31 2001, the company has the difference between book value of liabilities and cash repayment in future value of Baht 578.66 million as the process to set-off and issuance of debentures are underway, the restructuring agreement at September 28, 2001 and sign memorandum of edit for restructuring agreement at »ÿ¿“≈—¬ ª“√å§ §Õπ‚¥œ À√Ÿ °≈“ß∏√√¡™“µ‘ √‘¡∂ππæÀ≈‚¬∏‘π

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69 March 16, 2002. In the period than ended June 30, 2002, the company process to set-off assets according to the condition of restructuring agreement. The company was recognized gain on restructuring debt in amounting to Baht 527.31 million.

20. Litigation 20.1

20.2 20.3

A contractor has sued under normal civil proceedings for a hire of work fee and compensation and is claiming and amount of approximately to Baht 187.1 million. The company has denied this claim because the plaintiff breached the contract by not completing the work as stipulated in the contract. The company the plaintiff breached the then filed against the plaintiff for the over reimbursement of construction and claiming compensation amounting to Baht 733 million. The case in being determined at the Court of First Instance. Such contractor then brought the case as discussed above claiming the amounting to Baht 187.1 million under Bankruptcy proceedings, in addition to the above mentioned civil proceedings. But the Court has ordered to temporality suspend the Bankruptcy proceedings in August, 1998. For breach of contract, cancellation of contract, borrowing, repayment, damages, mortgage and guarantee cases totalling approximately to Baht 4.7 million. A bank has filed the company at court as co-defendant with other debtors according to the loan and guarantee agreements with the total debt inclusive of principal and interest in amounting to Baht 118.9 million at the accusation date. Nevertheless the company has counterclaimed the plaintiff to adhere to such loan agreement for the release of fund in order to enable the company to continue developing its real estate project.

21. Contingent liabilities and commitments 21.1

21.2

21.3 21.4 21.5

Were contingently liable to banks guarantees issued in favor of certain government agencies for the guarantee for untility usage and other trade creditors amounting to Baht 93.85 million (2001 : Baht 28.99 million) and Baht 5.1 million (2001 : Baht 2.3 million) Had several agreements to purchase land and several agreements with certain contractors in connection with the construction of the companyûs projects. The commitments under the agreements amounting to Baht 409.69 million (2001 : Baht 173 million) Pledged Promissony Note Baht 10.53 million (2001: Baht 10.45 million) to guarantee loan of the company. Company issued the cheque at Baht 813.18 million Baht (2001 : Baht 435.72 million) non-specified date to the bank as collateral of mortgage loan for the current project under operation. According to the companyûs account audition of 1993 - 1994 and in 2001 the Revenue Department had concluded the audition that there was no fault detected.

22. Retroactive Adjustments Adjustment done in 2002 22.1 The company had changed accounting policy in inventory valuation for lower or cost method from individual project in year 1999 to combined projects in year 2000.The company then retroactively adjusted the financial report of year 1999 the increase of inventory by decrease in retained loss by Baht 668.77 million. In the year 2003, the Office of Securities and Exchange Commission (SEC) commented that this policy was not incompliance with TAS No. 31. Inventories must be valued by project. As a result the retroactive adjustment for financial statement for the year then ended December 31, 2002 and 2001 was done , by reversing above transactions and recording inventory loss from valuation for the year 2002, and 2001 then increase the net profit by Baht 226.56 million and Baht 102.36 million respectively. The retained loss brought forward for the year 2002 was then reduced amounting of Baht 378.32 million.

22.2

The interest capitalized in various projects cost was over by Baht 188.15 million. The adjustment was done retroactively to reflect the charges of interest expenses against its Profit and Loss account for the period. increase in retained loss brought forward were booked at the amount of Baht 188.15 million and Baht 188.15 million for the year ended December 31, 2002 and 2001 respectively. 22.3 In year 2001,the company had booked some portion of interests gained from Debt restructuring with one creditor by reducing from its project cost. But it was concluded currently that it should have been recognized as gain from debt restructuring rather. Therefore, the adjustment was done retroactively for the year 2002 and 2001 by increasing inventory and reducing retained loss brought forward by Baht 62.86 million. 22.4 As a result from the adjustment in 22.2 and 22.3 above, the project cost had to be recalculated and hence the cost of goods sold previously recognized in each period had to be adjusted to be in line with such adjustment. The retained loss brought forward for the year 2002 incrased by Baht 23.21 million but decreased by Baht 41.80 million for year 2000. In addition, gain from asset set off was also adjusted down in 2001, by Baht 1.17 million. Cost of good sold was up by Baht 63.84 million in 2001. Inventory reduced by Baht 30.22 million in 2002 and 2001. 22.5 In 2001, the company has changed the accounting policy in recording an advertising expenses into project cost to be expenses in the period it occurs. The transaction was adjusted in 2001 to reduce its project cost and consequently adjusted its related cost of goods sold in 2001. For the sake of comparison, the adjustment had to be done as well for the year 2000. Hence the book value of inventory was reduced by Baht 198.87 million and retained loss brought forward in 2001 was increased by Baht 188.60 million. 22.6 The company had adjusted the interest income derived from loans to related company. Previously it was accrued till the day it was paid or loss completely. But it is now concluded that the accrued must be stopped once evidently the debtorûs financial status is in doubtful and reserve for loss has to be provided. Hence the interest income was adjusted the retained loss brought forward for the year 2001 was increased by Baht 22.18 million. 22.7 The company had adjusted the price of the shares obtained as a result of assest set off of one subsidiary with its debtor from price agreed upon to be market closing price at the day the transaction occurred. It results in booking higher amount of provision for doubtful loss for the subsidiary. But the company took equity method. It then results in companyûs retained loss brought forward in year 2002 and 2001 increased by Baht 1.20 million and Baht 31.32 million respectively. 22.8 The company had adjusted retroactively in year 2000 to reflect the gain from debt restructuring of which the transaction of asset set off was carried but was not booked with the reason that it was only partial set-off. As a result, the net loss for the year 2002 was declined by Baht 2.04 million and Baht 1.85 million in 2001 and retained loss brought forward for 2001was also declined by Baht 3.89 million, and year 2002 was also declined by Baht 2.04 million. 22.9 As a result from interest capitalization policy in inventory undertaken in item 22.2 and 22.3, the book value of fixed asset and asset for rent must also be applied. Therefore, the adjustment was reflected in decline retained loss brought forward by Baht 10.28 million and Baht 9.51 million for 2002 and 2001 respectively. 22.10 Previously the company recorded allowance for doubtful debt for loans given to associated companies. In the consolidated financial statement the company grouped the records of interrelated loan of principal and accrued interest in net figure and classified the 2 allowance for doubtful accounts under the account çProvision for loss in subsidiary companiesé as presented in the Equity of this Balance Sheet. The company had changed to record gain from equity method in its Income Statement and reversing the provision for doubtful account previously booked. Such reversal was also applied to the consolidated financial statement.

70 ∫â“π»ÿ¿°√—≥¬å Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿®“√’ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

71 The changes has resulted in revision in gain from equity method. Retained loss brought forward in year 2002 and 2001 was reduced by Baht 345.18 million and Baht 111.28 million respectively. Adjustments done in 2001 22.11 The company made the adjustment on the financial statement for the period ended December 31, 2000. The currency used in the statements of an associated company established in foreign country was exchanged to Thai currency for the purpose of consolidation resulting the beginning balances of retained loss for the year 2001 decreased amounting to Baht 34.28 million. 22.12 The company adjusted the previous yearsû over-accrued interest expenses amounting to 13.89 million Baht in its financial restructuring process. The company also adjusted the difference in taking profit in equity of its subsidiary companies of previous year totalling amounting to Bath 3.43 million. Consolidated The company only 2002 2001 2002 2001 Beginning retained earning (Deficit) - Prior Report (1,349,031,576.75) (1,621,506,523.23) (1,349,031,576.75) (1,621,506,523.23) Adjustment done in 2002 Effect for the adjustment No. 22.1 (290,454,942.37) (392,811,537.23) (290,454,942.37) (392,811,537.23) Effect for the adjustment No. 22.2 (188,147,481.48) (188,147,481.48) (188,147,481.48) (188,147,481.48) Effect for the adjustment No. 22.3 62,860,437.90 62,860,437.90 62,860,437.90 62,860,437.90 Effect for the adjustment No. 22.4 (23,206,236.12) 41,798,075.67 (23,206,236.12) 41,798,075.67 Effect for the adjustment No. 22.5 (188,604,207.84) (188,604,207.84) Effect for the adjustment No. 22.6 (22,182,599.85) (22,182,599.85) Effect for the adjustment No. 22.7 (1,199,874.28) (31,316,574.86) (1,199,874.28) (31,316,574.86) Effect for the adjustment No. 22.8 2,040,000.00 3,889,527.76 2,040,000.00 3,889,527.76 Effect for the adjustment No. 22.9 10,276,378.53 9,513,226.08 10,276,378.53 9,513,226.08 Effect for the adjustment No. 22.10 345,178,172.21 111,275,875.11 345,178,172.21 111,275,875.11 Adjustments done in 2000 and 2001 Effect for the adjustment No. 22.11 34,278,792.08 34,278,792.08 Effect for the adjustment No. 22.12 (3,425,109.09) (3,425,109.09) Effect for the adjustment No. 22.12 13,889,899.98 13,889,899.98 Beginning retained earning (Deficit) (1,431,685,122.36) (2,170,488,199.00) (1,431,685,122.36) (2,170,488,199.00)

23. Previous Period Adjustment 23.1

23.2

Transferred premium to write off deficit The resolution of meeting extraordinary shareholder No.1/2002 on April 23, 2002, approved to transferred premium on share capital in amounting to Baht 1,278.36 million and legal reserve in amounting to Baht 57.38 million to write off deficit. Adjusted to cancelled accrued dividend paid The resolution of meeting ordinary shareholder No.3/2002 on May 20, 2002, approved to cancelled accrued dividend paid in amounting to Baht 63 million. Accordingly, Supalai (Cayman) Inc. a subsidiary, registered in Cayman Island, has informed that it has filed a strike off from the Register in Cayman.

24. Shareholdersû equity The resolution of meeting extraordinary shareholder No.1/2002 on September 27,2002, approved to change the authorized capital and change per value of ordinary share as following :-

- Changed per value of ordinary share The meeting approved to changed par value of ordinary share from Baht 10.00 to Baht 1.00 per each 1,030,000,000 ordinary share. On October 7, 2002 the company had registered to Ministry of Commerce. - Authorized capital The meeting approved to decrease authorized share capital 380,284,030 ordinary share from 1,030,000,000 ordinary share to 649,715,970 ordinary share. On October 8, 2002 the company had registered to the Ministry of Commerce. The meeting approved to increase authorized share capital 1,350,284,030 ordinary share from 649,715,970 ordinary share to 2,000,000,000 ordinary share Baht 1.00 per each. On October 9, 2002 the company had registered to the Ministry of Commerce.

25. Disclosure of Financial Instruments 25.1 Accounting Policies Details of significant accounting policies and methods adopted, including creteria for recognition, the basis of messurement and the basis on which revenues and expenses are recognized, in respect of each class of financial assets and financial liabilities are disclosed in Note 3. 25.2 Interest rate Risk Interest rate risk in the balance sheet arises from the potential for a change in interest rates to have an adverse effect on the operations of the company in the current reporting period and in future periods. The company has interest rate risk in case the interest is higher due to the Subsidiary Companyûs significant long-term loans from financial institutions. 25.3 Fair value of financial instruments The company and its subsidiaries used the following methods and assumptions in estimating fair value of financial instruments as disclosed herein : - Cash and cash at banks and short-term investments: the carrying values approximate their fair values. - Trade accounts and notes receivable with their maturities less than 90 days form the end of the period and past due accounts receivable, the carrying values approximate their fair values. - Investment in non-listed securities; the fair value is estimated on the net assets value. - Accrued interest receivable; the carrying values approximate their fair values. - Bank overdraft, trade accounts and notes payable due less than 90 days; the carrying amounts of these financial liabilities approximate their fair values. - Accrued interest payable; the carrying values approximate their fair values. - Long-term loan with floating rate of interest; the carrying amounts of loan approximate its fair value.

26. Reclassification of Accounts Certain accounts in 2001 financial statements have been reclassified to conform with the 2002 presentation. The reclassification has no effect on the net income of the periods.

27. Approval of financial statements These financial statements have been approved by the directors of the company.

72 ∫â“π»ÿ¿®‘µ√“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿≥—∞ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

73 28. Segment financial information The company and subsidiaries operate in three principle businesses as follow : 1) Development of real estate, development of land and construction especially for housing. 2) Hotel management, restaurant, bar and resort. 3) Investment in various businesses in foreign countries. Information relating to the business segments and marketing basis of the company and subsidiaries for the year ended December 31, 2002 consists of the following :In Thousand Baht Investment in Hotel foreign Real estate management country Total Amortized Total Sales and Construction income 1,710,815 1,710,815 1,710,815 Rental and Service income 68,146 46,896 115,042 (2,520) 112,522 Gain from reversal of loss on devaluation of inventories 226,556 226,556 226,556 Gain on redemption of debentures 138,550 138,550 138,550 Other income 86,827 2,607 89,434 (4,882) 84,552 Total 2,230,894 49,503 2,280,397 (7,402) 2,272,995 Cost of sales and construction 1,229,770 25,963 1,255,733 (2,400) 1,253,333 Profit (loss) from operation 1,001,124 23,540 1,024,664 (5,002) 1,019,662 Selling and administrative expenses 232,626 20,686 253,312 (120) 253,192 Doubtful accounts 16 16 (16) Loss on devaluation of inventories 42,990 42,990 42,990 Loss on transfer of assets for restructuring debt 22,426 22,426 22,426 Share of losses from investments for using the equity method 137,546 137,546 (32,473) 105,073 Income tax 189 189 189 Interest expenses 148,606 2,548 151,154 (5,394) 145,760 Profit (loss) before minority interest 416,914 117 417,031 33,001 450,032 Minority interest 33,303 33,303 Profit (loss) before extraordinary item 416,914 117 417,031 66,304 483,335 Extraordinary item Gain on restructuring debt 465,715 465,715 465,715 Net profit (loss) 882,629 117 882,746 66,304 949,050 Fixed assets - net December 31, 2002 357,377 12,489 369,866 (172) 369,694

Information relating to the business segments and marketing basis of the company and subsidiaries for the year ended December 31, 2001 consists of :In Thousand Baht Investment in Hotel foreign Real estate management country Total Eliminate Total Sales and Construction income 670,516 670,516 670,516 Rental and Service income 68,818 39,145 107,963 (2,520) 105,443 Gain from reversal of loss on devaluation of inventories 102,356 102,356 102,356 Gain on transfer of assets for restructuring debt 40,441 40,441 40,441 Share of profits from investment for using the equity method 233,238 233,238 (233,238) Other income 27,090 12,414 39,504 (2,164) 37,340 Total 1,142,459 51,559 1,194,018 (237,922) 956,096 Cost of sales and construction 551,983 26,621 578,604 (2,520) 576,084 Profit (loss) from operation 590,476 24,938 615,414 (235,402) 380,012 Selling and administrative expenses 152,509 18,739 196 171,444 171,444 Doubtful accounts 239,806 12 239,818 (233,902) 5,916 Income tax 578 578 578 Interest expenses 259,760 19 259,779 (2,164) 257,615 Profit (loss) before minority interest (61,599) 5,590 (196) (56,205) 664 (55,541) Minority interest 6,085 6,085 Profit (loss) before extraordinary item (61,599) 5,590 (196) (56,205) 6,749 (49,456) Extraordinary item Gain on restructuring debt 786,855 786,855 786,855 Net profit (loss) 725,256 5,590 (196) 730,650 6,749 737,399 Fixed assets - net December 31, 2001 361,696 13,367 375,063 375,063

74 ∫â“π»ÿ¿¥√—≈ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

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ºŸâ∂◊ÕÀÿâπ√“¬„À≠à ≥ «—π∑’Ë 6 ¡°√“§¡ 2546 Major Shareholders as of January 6, 2003 °≈ÿà¡ºŸâ∂◊ÕÀÿâπ√“¬„À≠à 10 Õ—π¥—∫·√° TOP 10 SHAREHOLDERS GROUPS

®”π«πÀÿâπ NUMBER OF SHARES

√âÕ¬≈–¢ÕßÀÿâπ∑—ÈßÀ¡¥ % OF TOTAL SHARES

47,912,000

7.37%

2 ∏π“§“√ ‰∑¬∏π“§“√ ®”°—¥ (¡À“™π) BankThai Public Company Limited

33,447,731

5.15%

33,230,000

5.11%

4 ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ Supalai Property Management Company Limited

30,000,000

4.62%

5 ∫√√…—∑ ∫√‘À“√ ‘π∑√—æ¬å ∂“∫—π°“√‡ß‘π Asset Management Corporation

22,846,390

3.52%

6 ∫√‘…—∑ ‡ß‘π∑ÿπ ‡°’¬√µ‘π“§‘π ®”°—¥ (¡À“™π) Kiathakin Finance Public Company Limited

18,879,000

2.91%

7 ∫√‘…—∑ À≈—°∑√—æ¬å ¬Ÿ‰π‡µÁ¥ ®”°—¥ (¡À“™π) United Securities Public Company Limited

17,302,200

2.66%

8 π“¬ ‘∑∏‘™—¬ Mr.Sittichai

15,655,700

2.41%

12,936,000

1.99%

12,511,900

1.93%

1 π“¬ª√–∑’ª Mr.Prateep

µ—Èß¡µ‘∏√√¡ Tangmatitham

≈‘¡ªá‚ «√√≥ Limsowan

9 ∏π“§“√ ‡Õ‡™’¬ ®”°—¥ (¡À“™π) Bank of Asia Public Company Limited 10 π“¬≥—∞æß…å Mr.Nuttapong

æ—π∏å√—µπ¡ß§≈ Punrattanamongkol

π‘µ‘∫ÿ§§≈∑’Ë∫√‘…—∑∂◊ÕÀÿâπµ—Èß·µà√âÕ¬≈– 10 ¢÷Èπ‰ª Juristic Persons of which The Companyûs Shareholding Exceeded 10% 1 ∫√‘…—∑ »ÿ¿“≈—¬ æ√Õæ‡æÕ√åµ’È ·¡‡π®‡¡âπ∑å ®”°—¥ ∑’Ëµ—Èß ”π—°ß“π : 79 À¡Ÿà 1 µ.∑à“§≈âÕ Õ.·°àß§Õ¬ ®. √–∫ÿ√’ 18110 ‚∑√. 0-3630-6270-2 ‚∑√ “√ 0-3630-6273 ª√–°Õ∫∏ÿ√°‘®À≈—°ª√–‡¿∑ : ∫√‘À“√‚§√ß°“√ Õ“∑‘ ‚√ß·√¡, ∂“πæ—°µ“°Õ“°“», π‘µ‘∫ÿ§§≈Õ“§“√™ÿ¥ ªí®®ÿ∫—π¡’∑ÿπ™”√–·≈â« : 20,000,000 ∫“∑ 2 ∫√‘…—∑ À“¥„À≠àπ§√‘π∑√å ®”°—¥ ∑’Ëµ—Èß ”π—°ß“π : 44, 46 ∂.‚™µ‘«‘∑¬–°ÿ≈ 5 µ.À“¥„À≠à ®. ß¢≈“ 90110 ‚∑√. 0-7442-8040-5 ‚∑√ “√ 0-7442-8042 ª√–°Õ∫∏ÿ√°‘®À≈—°ª√–‡¿∑ : æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å ªí®®ÿ∫—π¡’∑ÿπ™”√–·≈â« : 191,500,000 ∫“∑ 3 ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ ∑’Ëµ—Èß ”π—°ß“π : 177/20 À¡Ÿà17 ∂.¡‘µ√¿“æ µ.„π‡¡◊Õß Õ.‡¡◊Õß ®.¢Õπ·°àπ 40000 ‚∑√. 0-4332-4340-1 ª√–°Õ∫∏ÿ√°‘®À≈—°ª√–‡¿∑ : æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å ªí®®ÿ∫—π¡’∑ÿπ™”√–·≈â« : 70,000,000 ∫“∑

1 SUPALAI PROPERTY MANAGEMENT COMPANY LIMITED Office : 79 Moo 1, Tha-klor, Kaengkoi, Saraburi 18110 Tel. 0-3630-6270-2 Fax 0-3630-6273 Principle Business : Property Management such as hotel, resort, housing condominium ect. Registered Capital (Full Paid) Baht 20,000,000 2 HAADYAI NAKARIN COMPANY LIMITED Office : 44,46 Chotivitayakul 5 Rd., Haadyai, Songkhla 90110 Tel. 0-7442-8040-5 Fax 0-7442-8042 Principle Business : Real Estate Development Registered Capital (Full Paid) Baht 191,500,000 3 SUPALAI NORTHEAST COMPANY LIMITED Office : 177/20 Moo 17, Mittrapharp Rd., Nai Muang, Muang, Khon Kaen 40000 Tel. 0-4332-4340-1 Principle Business : Real Estate Development Registered Capital (Full Paid) Baht 70,000,000

¢âÕ¡Ÿ≈®”‡æ“– / Company Profile ∫√‘…—∑ »ÿ¿“≈—¬ ®”°—¥ (¡À“™π) ∑ÿπ®¥∑–‡∫’¬π : 2,000 ≈â“π∫“∑ ª√–‡¿∑ : Àÿâπ “¡—≠ ®”π«π 2,000 ≈â“πÀÿâπ : ¡Ÿ≈§à“∑’Ëµ√“‰«â Àÿâπ≈– 1 ∫“∑ : ∑ÿπ‡√’¬°™”√– 649,715,970 Àÿâπ §‘¥‡ªìπ¡Ÿ≈§à“ 649,715,970 ∫“∑ ∏ÿ√°‘®À≈—° æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å

Supalai Public Company Limited Registered Capital : 2,000 Million Baht Shares Type : Common stock 2,000 Million Baht : Par Value 1 Baht Per Share : Paid-up Capital 649,715,970 Shares, Value of 649,715,970 Baht Main Business Real Estate Development

∑’Ëµ—Èß ”π—°ß“π„À≠à 175 Õ“§“√»ÿ¿“≈—¬‡æ≈ ÿ¢ÿ¡«‘∑ 39 ∂ππ ÿ¢ÿ¡«‘∑ §≈Õßµ—π‡Àπ◊Õ ‡¢µ«—≤π“ °√ÿß‡∑æ¡À“π§√ 10110 ‚∑√. 0-2258-9494 ‚∑√ “√ 0-2260-2227, 0-2258-3949 Internet : http : //www.supalai.com, e-mail : mail@supalai.com π“¬∑–‡∫’¬πÀ≈—°∑√—æ¬å ∫√‘…—∑ »Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ 62 Õ“§“√µ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ™—Èπ 4, 7 ∂ππ√—™¥“¿‘‡…° ·¢«ß§≈Õß‡µ¬ ‡¢µ§≈Õß‡µ¬ °√ÿß‡∑æ¡À“π§√ 10110 ‚∑√. 0-2229-2800, 0-2654-5599 ‚∑√ “√ (66) 2359-1259 ºŸâµ√«® Õ∫∫—≠™’ π“¬æ‘æ—≤πå ªÿ ¬“ππ∑å ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ ‡≈¢∑–‡∫’¬π∑’Ë 56 ∫√‘…—∑ ”π—°ß“π æ‘æ—≤πå·≈–‡æ◊ËÕπ ®”°—¥ 37/8 Õ“§“√æ‘æ—≤πå‡æ≈ ´Õ¬æ‘æ—≤πå ’≈¡ °√ÿß‡∑æ¡À“π§√ 10500 ‚∑√. 0-2636-6191-5 ‚∑√ “√ 0-2238-3766 ∑’Ëª√÷°…“∑“ß°“√‡ß‘π ∫√‘…—∑ À≈—°∑√—æ¬å Õ‘π‡∑≈«‘™—Ëπ ®”°—¥ 540 ‡¡Õ√å§‘«√’Ë∑“«‡«Õ√å ™—Èπ 17 ∂ππ‡æ≈‘π®‘µ ·¢«ß≈ÿ¡æ‘π’ ‡¢µª∑ÿ¡«—π °√ÿß‡∑æ¡À“π§√ 10330 ‚∑√. 0-2658-5800 ‚∑√ “√ 0-2254-7308

Head Office Supalai Place Building, 175 Soi 39, Sukhumvit Rd., Klongtonnua, Wattana, Bangkok 10110 Tel. 0-2258-9494 Fax 0-2260-2227, 0-2258-3949 Internet : http : //www.supalai.com, e-mail : mail@supalai.com Registrar Thailand Securities Depository Co., Ltd. 62 The Stock Exchange of Thailand Building, 4, 7th Floor, Rachadapisek Road, Klongtoey, Bangkok 10110 Thailand Tel. 0-2229-2800, 0-2654-5599 Fax (66) 2359-1259 External Auditor Mr.Pipat Pusayanonda Certified Public Accountant of Thailand No.56 Pipat & Associates Co., Ltd. 37/8 Pipat Place Building Soi Pipat Silom Bangkok 10500 Tel. 0-2636-6191-5 Fax 0-2238-3766 Financial Advisor Intel Vision Securities Co., Ltd. 17th Fl., Mercury Tower. 540 Ploenchit Road, Lumpini, Pathumwan, Bangkok 10330 Tel. 0-2658-5800 Fax 0-2254-7308

76 ∫â“π»ÿ¿æ—≤πå Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿¡—≥±‘√“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

77 ·π«‚πâ¡„πÕπ“§µ ®“°§«“¡ ”‡√Á®„πº≈°“√¥”‡π‘πß“π¢Õßªï 2545 ∫√‘…—∑¡’π‚¬∫“¬∑’Ë®–¥”‡π‘π°“√„Àâªï 2546 π’È ‡ªìπªï∑’Ë¬‘Ëß‚¥¥‡¥àπ¢Õß∫√‘…—∑ ‚¥¬‡πâπ„Àâ‡ªìπªï∑’Ë¡’°”‰√ ÿ∑∏‘®“°º≈°“√¥”‡π‘πß“π®“°∏ÿ√°‘®À≈—° ∑’Ë¡’ª√– ‘∑∏‘¿“æ∑’Ë¥’°«à“ªï∑’Ëºà“π¡“ ·≈–Õ¬Ÿà„πÕ—µ√“∑’Ë‡µ‘∫‚µ°«à“‡¥‘¡ ‚¥¬ πÕ°®“°®–¥”‡π‘π°“√¢“¬·≈–/À√◊Õ √â“ß‚§√ß°“√ªí®®ÿ∫—π 8 ‚§√ß°“√Õ¬à“ßµàÕ‡π◊ËÕß·≈â« ¬—ß‰¥â«“ß·ºπß“π„π°“√¢¬“¬‚§√ß°“√„À¡àÊ ·≈–‡ªî¥¢“¬‚§√ß°“√∑’Ë°”≈—ßæ—≤π“Õ¬Ÿà„πªï 2546 √«¡ 5 ‚§√ß°“√¥—ßπ’È - ∫√‘…∑— ‰¥â´Õ◊È ∑’¥Ë π‘ ‡æ‘¡Ë Õ’° 2 ∑”‡≈ ´÷ßË Õ¬Ÿà„π∑”‡≈∑’Ë ‚¥¥‡¥àπ ·≈–æ—≤π“‰¥â∑π— ∑’ ‚¥¬‚§√ß°“√Àπ÷ßË ®–‡ªìπ∑“«πå‡Œ“ å ·≈–Õ’°‚§√ß°“√ Àπ÷Ëß‡ªìπ∫â“π‡¥’Ë¬« ¡Ÿ≈§à“√«¡ 800 ≈â“π∫“∑ ‚¥¬®–„Àâ¡’°“√ àß¡Õ∫‡√‘Ë¡¿“¬„πªï 2546 π’È - ∫√‘…—∑‰¥â¥”‡π‘π°“√°àÕ √â“ß‚§√ß°“√ »ÿ¿“≈—¬ ª“√å§ µ÷° 3 µàÕ´÷Ëß§“¥«à“®–°àÕ √â“ß‡ √Á®¿“¬„π ‘ßÀ“§¡ 2546 π’È ¡’¡Ÿ≈§à“√«¡ 1,400 ≈â“π “¡“√∂ àß¡Õ∫¿“¬„πªïπ’È - ∫√‘…—∑®–‡ªî¥¢“¬¿“¬„π‰µ√¡“ 2 ®”π«π 2 ‚§√ß°“√„π∑”‡≈ ∂ππæ√–√“¡ 2 ´÷Ëß‡ªìπ‚§√ß°“√∫â“π‡¥’Ë¬«¡’¡Ÿ≈§à“√«¡ 3,780 ≈â“π∫“∑ ªí®®ÿ∫—π‰¥âæ—≤π“ “∏“√≥Ÿª‚¿§ à«π„À≠à ¡∫Ÿ√≥å·≈â« ·≈–‰¥â°àÕ √â“ß∫â“π‰ª·≈â«√à«¡ 200 À≈—ß ·≈–®– “¡“√∂ àß¡Õ∫¿“¬„π ªïπ’È - ∫√‘…∑— Õ¬Ÿ√à –À«à“ß°“√®—¥´◊ÕÈ ∑’¥Ë π‘ ‡æ‘¡Ë ‡µ‘¡ ‚¥¬‡πâπ∑”‚§√ß°“√∑’‡Ë ªìπ∑’æË °— Õ“»—¬∑—ßÈ ·π«√“∫ ·≈–·π« Ÿß ‚¥¬‡πâπ∑”‡≈∑’µË ß—È ‡ªìπ ”§—≠ - ∫√‘…—∑§ß¥”‡π‘π°“√«“ßº—ß ÕÕ°·∫∫ æ—≤π“ °àÕ √â“ß®π°«à“ àß¡Õ∫„Àâ≈Ÿ°§â“Õ¬à“ß¡’§ÿ≥¿“æ µ“¡√–¥—∫§ÿ≥¿“æ∑’Ë∫√‘…—∑‰¥â æ—≤π“¡“°¢÷Èπ®“° ISO 9001 Version 1994 ‡ªìπ ISO 9001 Version 2000

Future Trend With the success in 2002 operational results, it is the company policy to make the operational results of the year 2003 even better and more efficient with the emphasis in profitability. Apart from continuing in sales and/or further development in existing projects, the company has expanded into developing new projects as well as selling projects under development but not yet launching for sales, all together 5 projects as details follows:- The company had bought 2 more pieces of land bank located in prominent locations. They have been put into development and expected to be able to deliver starting by this year. One is townhouse project and another is single detached with the aggregate value of approx. 600 million baht. - The company continues its construction in Supalai Park Tower 3 which is residential condominium project, expecting to be completed by Aug 2002 with value of fl1,400 million. - The company will start launching sales by 2Q in 2 projects located at Rama 2 Road. They are single detached house with value of fl3,780 million. Their infrastructure were mostly completed with houses under construction of almost 200 units. The delivery is expected within this year. - The company is on the process of acquiring more land banks with the focus on residential projects either low rise or high rise and location is key. - The company is going on in enhancing its tasks on planning, designing, developing and construction till delivery to customers upto quality system that is upgraded from ISO 9001 version 1994 to ISO 9001 version 2000.

ªí®®—¬§«“¡‡ ’Ë¬ß 1. §«“¡‡ ’Ë¬ß∑“ß∏ÿ√°‘® ·¡â«“à ¡“µ√°“√°√–µÿπâ ∏ÿ√°‘®æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å®–‰¥â√∫— °“√Õπÿ¡µ— ®‘ “°§≥–√—∞¡πµ√’„Àâ¢¬“¬ÕÕ°‰ªÕ’° 1 ªï®π∂÷ß«—π∑’Ë 31 ∏—π«“§¡ 2546 ·≈–§“¥«à“πà“®–‰¡à¡’°“√µàÕÕ“¬ÿÕ’°‡¡◊ËÕ ‘Èπ ÿ¥‡«≈“¥—ß°≈à“« ¥—ßπ—Èπ√“§“µ≈“¥Õ —ßÀ“√‘¡∑√—æ¬å„πªïµàÕ‰ª®–‡æ‘Ë¡¢÷ÈπÕ’° ∫√‘…—∑æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å µà“ßÊ ®÷ßµâÕß‡√àß∑”¬Õ¥¢“¬„πªïπ’È „Àâ‡æ‘Ë¡¢÷Èπ ∑”„Àâª√‘¡“≥∫â“π∑’ËµâÕß°àÕ √â“ß¡’®”π«π¡“° ®÷ß∑”„Àâ√“§“«— ¥ÿ°àÕ √â“ß·≈–µâπ∑ÿπ§à“°àÕ √â“ß∫â“π·≈– æ—≤π“∑’¥Ë π‘ Ÿß¢÷πÈ Õπ÷ßË ∫√‘…∑— œ ®–µâÕß‡æ‘¡Ë ®”π«πºŸ√â ∫— ‡À¡“·≈–§«∫§ÿ¡ß“πÕ¬à“ß„°≈â™¥‘ ‡æ◊ÕË „Àâ ‰¥â∫“â π∑’Ë ‰¥â¡“µ√∞“πµ“¡∑’°Ë ”Àπ¥‰«â πÕ°®“°π’∫È √‘…∑— œ ®–æ—≤π“‚§√ß°“√„À¡àÊ Õ¬à“ßµàÕ‡π◊ÕË ß ·¡â«“à ¡“µ√°“√°√–µÿπâ ¢Õß√—∞¥—ß°≈à“«®– ‘πÈ ÿ¥ °Á§“¥«à“®– àßº≈°√–∑∫µàÕ∏ÿ√°‘®æ—≤π“Õ —ßÀ“√‘¡∑√—æ¬å„π√–¬– —Èπ ‡π◊ËÕß®“°¿“«–Õ—µ√“¥Õ°‡∫’È¬∑’ËÕ¬Ÿà„π√–¥—∫µË”·≈–§«“¡µâÕß°“√¢ÕßºŸâ∫√‘‚¿§¬—ß¡’Õ¬Ÿà Ÿß

2. §«“¡‡ ’Ë¬ß∑“ß°“√‡ß‘π ®“° ¿“æ‡»√…∞°‘®„πªí®®ÿ∫—π ∫√‘…—∑œ ¡’∞“π–∑“ß°“√‡ß‘π∑’Ë¡—Ëπ§ß¢÷Èπ¡“° ‚¥¬¡’Õ—µ√“ à«πÀπ’È ‘πµàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ≈¥≈ß¡“Õ¬Ÿà∑’Ë 1.68 ‡∑à“ ´÷ËßÕ¬Ÿà„π√–¥—∫„°≈â‡§’¬ß°—∫§à“‡©≈’Ë¬¢Õß∫√‘…—∑®¥∑–‡∫’¬π„π°≈ÿà¡Õÿµ “À°√√¡‡¥’¬«°—π ·≈–∫√‘…—∑œ §“¥«à“Õ—µ√“ à«π ¥—ß°≈à“«®–≈¥≈ßÕ’° ‡π◊ËÕß®“°Õ—µ√“¥Õ°‡∫’È¬∑’ËÕ¬Ÿà„π√–¥—∫µË” √«¡∑—ÈßÕ—µ√“°“√‡µ‘∫‚µ¢Õß¬Õ¥¢“¬∑’Ë‡æ‘Ë¡¢÷ÈπÕ¬à“ßµàÕ‡π◊ËÕß ∑”„Àâ∫√‘…—∑œ “¡“√∂®à“¬ ™”√–Àπ’È§◊π ∂“∫—π°“√‡ß‘π‰¥â‡√Á«°«à“∑’Ë°”Àπ¥‰«â ¿“√–¥Õ°‡∫’È¬®à“¬°ÁÕ¬Ÿà„π¿“«–∑’Ë§«∫§ÿ¡‰¥â „π√–¬– —Èπ®÷ß‰¡à¡’§«“¡‡ ’Ë¬ß„¥Ê µàÕ°“√º‘¥π—¥™”√–Àπ’È °—∫ ∂“∫—π°“√‡ß‘π∑’Ë π—∫ πÿπ‚§√ß°“√Õ¬Ÿà à«π„π√–¬–¬“«π—Èπ ∫√‘…—∑œ ¡’¿“√–∑’Ë®–µâÕß‰∂à∂ÕπÀÿâπ°Ÿâ„πªï 2550 ®”π«π 703.07 ≈â“π∫“∑ ·≈–Õ’° 439.89 ≈â“π∫“∑ „πªï 2553 Àÿâπ°Ÿâ¥—ß°≈à“«‡ªìπÀÿâπ°Ÿâª√–‡¿∑‰¡à¡’À≈—°ª√–°—π·≈–‰¡à¥âÕ¬ ‘∑∏‘ ¥—ßπ—ÈπÀ“°∫√‘…—∑œ ‰¡à “¡“√∂‰∂à∂Õπ·≈–™”√–Àπ’È ‰¥âµ“¡°”Àπ¥ ‡®â“Àπ’È®–µâÕß¥”‡π‘π°“√øÑÕß√âÕßµ“¡°ÆÀ¡“¬ Õ¬à“ß‰√°Áµ“¡∫√‘…—∑œ ‰¥â‡µ√’¬¡·ºπ∑’Ë®–¢¬“¬ß“π„π‚§√ß°“√µà“ßÊ ‡æ◊ËÕ°àÕ„Àâ‡°‘¥√“¬‰¥âÕ¬à“ßµàÕ‡π◊ËÕß ‡æ◊ËÕ‡ªìπÀπ∑“ßÀπ÷Ëß„π°“√‰∂à∂ÕπÀÿâπ°Ÿâ¥—ß°≈à“« πÕ°®“°π’È°Á¡’·ºπ∑’Ë®–ÕÕ°·≈–‡ πÕ¢“¬µ√“ “√∑“ß°“√‡ß‘π‡æ◊ËÕ‡ªìπ°“√ refinance Àÿâπ°Ÿâ¥—ß°≈à“« √«¡∑—ÈßÕ“®¡’°“√‡æ‘Ë¡∑ÿπ ‡æ◊ËÕ‡ªìπ·À≈àß™”√–§◊πÀÿâπ°ŸâÕ’°∑“ßÀπ÷Ëß¥â«¬

3. §«“¡‡ ’Ë¬ß„π°“√§È”ª√–°—π«ß‡ß‘π°Ÿâ„Àâ∫√‘…—∑¬àÕ¬ ∫√‘…—∑œ §È”ª√–°—π¿“√–Àπ’È „Àâ°—∫ ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ „π«ß‡ß‘π 180 ≈â“π∫“∑ ´÷Ëß ∫√‘…—∑ »ÿ¿“≈—¬ Õ‘ “π ®”°—¥ Õ¬Ÿà„π√–À«à“ß°“√ ‡®√®“ª√—∫‚§√ß √â“ßÀπ’È°—∫ ∂“∫—π°“√‡ß‘πºŸâ „Àâ°Ÿâ ∫√‘…—∑œ „π∞“π–ºŸâ§È”ª√–°—π®÷ß¡’§«“¡‡ ’Ë¬ß„π°√≥’∑’Ë ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ ‰¡à “¡“√∂™”√– §◊π‡ß‘π°Ÿâ ‰¥â ∑—Èßπ’È ∫√‘…—∑œ ®–µ‘¥µ“¡º≈°“√¥”‡π‘πß“π ∞“π–∑“ß°“√‡ß‘π ·≈–°“√‡®√®“ª√—∫‚§√ß √â“ßÀπ’È ´÷ËßÀ“° ∫√‘…—∑ »ÿ¿“≈—¬Õ‘ “π ®”°—¥ “¡“√∂ª√—∫‚§√ß √â“ßÀπ’È ‰¥â ”‡√Á® °Á®–™à«¬≈¥§«“¡‡ ’Ë¬ß„π°“√§È”ª√–°—π¢Õß∫√‘…—∑œ ≈ß‰¥â

Risk Factor 1. Business Risk Although the tax incentive policy for real estate sector was approved to be extended for 1 more year, ending on 31 December 2003, it is unlikely that such extension will be available any further. Thus, the price of real estate will stare to rise, resulting in developers pushing to achieve as high a sales volume as possible in year 2003. As there are more houses to be constructed, the price of construction materials and costs of construction and land development increase, the company will require to increase the number of contractors and inspectors to achieve the standard quality of construction. Moreover, the company aims to develop new projects continuously. Despite the end of tax incentive policy, the real estate sector is expected to be affected only in the short-run. This is caused by the current low rate of interest and high demands of consumers in the market.

2. Financial Risk From the current state of economy, the company now has much improved financial status. The Debt to equity ratio as of 31 December 2003 was reduced to only 1.68, which is similar to those registered in the same sector. The company expects the ratio to further decrease, as a result of low rate of interest and the steady increase of sales volume achieved enable the company to repay debts sooner than expected. Moreover, the interest expense is in a controllable state, which gives no risk to default in interest payment in the short run. In the long run, the company has a liability to bond redemption in 2007 of Baht 703.07 million and Baht 439.89 million in 2010. Such bond is without any collateral and subordinate. Thus, if the company fails to redeem and repay all the debts, the creditors may take legal actions against the company. However, the company has planned to expand the business in various projects to keep the revenue increasing as a way to redeem such bond. Also, it was planned to issue debt instrument to refinance the above mentioned bonds, with a view to increase companyûs capital as another way to repay the bonds.

3. Guarantee Risk for the subsidiary The company guaranteed Supalai Northeast Company Limitedûs (çSPNé) project loan amounting Baht 180 million. The company as a guarantor will be taking risk if SPN is not able to repay to financial institutions. However, the Company will closely follow up the operational result of SPN and debt restructuring processes. If SPN succeeds in restructuring debts, the guarantee risk of Supalai Public Company Limited will be reduced.

78 ∫â“π»ÿ¿√µ“ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

∫â“π»ÿ¿√—µπ“(„À¡à) Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000

79 ∫ÿ§§≈∑’Ë¡’º≈ª√–‚¬™πå√à«¡·≈–√“¬°“√√–À«à“ß°—π ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß

§«“¡ —¡æ—π∏å

≈—°…≥–√“¬°“√

¡Ÿ≈§à“√“¬°“√ (≈â“π∫“∑) 2544 2545

§«“¡‡ÀÁπ§≥– °√√¡°“√µ√«® Õ∫

1. ∫®.À“¥„À≠à π§√‘π∑√å (HYN)

- ≥ «—π∑’Ë 31 ∏.§.45 ∫√‘…—∑œ ∂◊ÕÀÿâπ HYN 49.89% ¢Õß∑ÿπ®¥∑–‡∫’¬π∑’Ë ‡√’¬°™”√–·≈â« - π“¬ª√–∑’ª·≈–π“ßÕ—®©√“ µ—Èß¡µ‘∏√√¡ ∂◊ÕÀÿâπ HYN 4.71 % ¢Õß∑ÿπ®¥∑–‡∫’¬π ∑’Ë‡√’¬°™”√–·≈â« ´÷Ëß‡ªìπ°“√≈ß∑ÿπµ—Èß·µà ªï 2531 °àÕπ°“√®—¥µ—Èß∫√‘…—∑œ - °√√¡°“√√à«¡ 2 ∑à“π §◊Õπ“¬ª√–∑’ª ·≈–π“ßÕ—®©√“ µ—Èß¡µ‘∏√√¡

‡ß‘π„Àâ°Ÿâ¬◊¡ : ‡ß‘πµâπ 38.84 ‡ß‘πµâπ 22.84 ∫√‘…—∑œ √à«¡°—∫ ∫√‘…—∑ ¡—Ëπ§ß‡Õ ‡µ∑ ¥.∫.§â“ß√—∫ 18.43 ¥.∫.§â“ß√—∫ 20.91 ®”°—¥·≈–°√√¡°“√¢Õß HYN „Àâ HYN °Ÿâ¬◊¡‡ß‘π ‡æ◊ËÕ„Àâ¥”‡π‘π∏ÿ√°‘®‰¥âÕ¬à“ßµàÕ ‡π◊ËÕßÕ—π‡π◊ËÕß¡“®“°‚§√ß°“√∑’Ë¥”‡π‘πÕ¬Ÿà ¡’ªí≠À“ ‚¥¬∫√‘…—∑œ §‘¥Õ—µ√“¥Õ°‡∫’È¬ „πÕ—µ√“‡¥’¬«°—∫Õ—µ√“∑’Ë∫√‘…—∑œ °Ÿâ ∂“∫—π °“√‡ß‘π ·≈–‡¡◊ËÕ«—π∑’Ë 26 ‘ßÀ“§¡ 2545 §≥–°√√¡°“√∫√‘…—∑√«¡∑—Èß §≥–°√√¡°“√µ√«® Õ∫‰¥âÕπÿ¡—µ‘„Àâ HYN ª√—∫‚§√ß √â“ßÀπ’È°—∫∫√‘…—∑œ „Àâ ‡ √Á® ‘Èπ¿“¬„π 5 ªï ‚¥¬√“¬≈–‡Õ’¬¥‰¥â π”‡ πÕ∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ§√—Èß∑’Ë 1/2545 √—∫∑√“∫¥â«¬‡¡◊ËÕ«—π∑’Ë 27 °—π¬“¬π 2545

√“¬°“√¥—ß°≈à“«‡ªìπ°“√™à«¬‡À≈◊Õ∑“ß°“√ ‡ß‘π∑’Ë°√√¡°“√·≈–ºŸâ∂◊ÕÀÿâπ√à«¡°—π„Àâ°Ÿâ ‚¥¬ ∫√‘…—∑œ §‘¥Õ—µ√“¥Õ°‡∫’È¬‡∑à“°—∫µâπ∑ÿπ‡ß‘π °Ÿâ¬◊¡¢Õß∫√‘…—∑œ ·≈–®“°»—°¬¿“æªí®®ÿ∫—π ¢ÕßHYN ‡ÀÁπ‰¥â«à“ HYN Õ¬Ÿà„π∞“π–∑’Ëπà“ ®– “¡“√∂ªØ‘∫—µ‘µ“¡ —≠≠“ª√—∫ ‚§√ß √â“ßÀπ’È°—∫∫√‘…—∑œ‰¥â

2. ∫®. »ÿ¿“≈—¬Õ‘ “π (SPN)

- ∫√‘…—∑œ ∂◊ÕÀÿâπ SPN 49.86% ¢Õß ∑ÿπ®¥∑–‡∫’¬π∑’Ë‡√’¬°™”√–·≈â« - π“¬ª√–∑’ª ·≈–π“ßÕ—®©√“ µ—Èß¡µ‘∏√√¡ ∂◊ÕÀÿâπ SPN √«¡°—π 7.93 %¢Õß∑ÿπ ®¥∑–‡∫’¬π∑’Ë‡√’¬°™”√–·≈â«

‡ß‘π§à“Àÿâπ≈à«ßÀπâ“ : ∫√‘…—∑œ ®à“¬‡ß‘π‡æ‘Ë¡∑ÿπ„Àâ SPN ·µà¬—ß¡‘ ‰¥âπ”‰ª®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ∑’Ë°√–∑√«ß æ“≥‘™¬å‡π◊ËÕß®“°¡’ºŸâ∂◊ÕÀÿâπ∫“ß√“¬¬—ß ‰¡à ‰¥â™”√–§à“Àÿâπ‡æ‘Ë¡∑ÿπ

∫√‘…—∑œ ®à“¬‡ß‘π™”√–§à“Àÿâπ‡æ‘Ë¡∑ÿπ·µà SPN ¬—ß¡‘‰¥âπ”‰ª®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ ∑”„Àâ∫√‘…—∑œ ¬—ß¡’∞“π–‡ªìπ‡®â“Àπ’È ‰¡à„™àºŸâ∂◊ÕÀÿâπ

°“√§È”ª√–°—π : ∫√‘…—∑œ §È”ª√–°—π«ß‡ß‘π°Ÿâ ‚§√ß°“√√à«¡ °—∫°√√¡°“√∫√‘À“√Õ’° 2 ∑à“π´÷Ëß§≥–°√√¡°“√∫√‘…—∑œ Õπÿ¡—µ‘ ‡æ√“–‡ªìπ √“¬°“√ª°µ‘∑“ß∏ÿ√°‘®∑’Ë ∂“∫—π°“√‡ß‘π ºŸâ „Àâ°Ÿâµ—Èß‡ß◊ËÕπ‰¢°àÕπ°“√„Àâ ‘π‡™◊ËÕ ´÷Ëß ºŸâ∂◊ÕÀÿâπ∑âÕß∂‘Ëπ°ÁµâÕß√à«¡§È”ª√–°—π¥â«¬

«ß‡ß‘π§È” 180.0 «ß‡ß‘π§È” 180.0 §≥–°√√¡°“√µ√«® Õ∫‡ÀÁπ«à“‡ªìπ∏ÿ√°√√¡ ∑’Ë ∂“∫—π°“√‡ß‘πºŸâ„Àâ°Ÿâ®–‡√’¬°√âÕß„Àâ ºŸâ∂◊ÕÀÿâπ·≈–°√√¡°“√‡ªìπºŸâ§È”ª√–°—π «ß‡ß‘π°Ÿâ¥â«¬

‡ß‘π„Àâ°Ÿâ¬◊¡ : ‡¡◊ËÕ‡°‘¥«‘°ƒµ‘‡»√…∞°‘® ∂“∫—π°“√‡ß‘π À¬ÿ¥°“√„Àâ ‘π‡™◊ËÕ ∫√‘…—∑œ ·≈– HYN ®÷ßµâÕß„Àâ‡ß‘π°Ÿâ¬◊¡‡æ◊ËÕ„Àâ ‚§√ß°“√¥”‡π‘π °“√µàÕ‰ª ‚¥¬§‘¥Õ—µ√“¥Õ°‡∫’È¬„πÕ—µ√“ ‡¥’¬«°—∫µâπ∑ÿπ∑“ß°“√‡ß‘π¢Õß·µà≈– ∫√‘…—∑ ≥ ‘Èπªï 2545 SPN Õ¬Ÿà√–À«à“ß °“√ª√—∫‚§√ß √â“ßÀπ’È°—∫ ∂“∫—π°“√‡ß‘π

à«π¢Õß∫√‘…—∑œ à«π¢Õß∫√‘…—∑œ √“¬°“√¥—ß°≈à“«‡ªìπ°“√™à«¬‡À≈◊Õ∑“ß°“√ ‡ß‘πµâπ 8.80 ‡ß‘πµâπ 8.80 ‡ß‘π ‚¥¬∑—Èß Õß∫√‘…—∑ §‘¥Õ—µ√“¥Õ°‡∫’È¬ ¥.∫.§â“ß√—∫ 8.88 ¥.∫.§â“ß√—∫ 9.37 „πÕ—µ√“‡¥’¬«°—∫Õ—µ√“‡ß‘π°Ÿâ¢Õß ∂“∫—π°“√ à«π¢Õß HYN à«π¢Õß HYN ‡ß‘π ´÷Ëß∫√‘…—∑œ §“¥«à“¿“¬À≈—ß®“°∑’Ë°“√ ‡ß‘πµâπ 0.29 ‡ß‘πµâπ 0.29 ª√—∫‚§√ß √â“ßÀπ’È ”‡√Á® ∫√‘…—∑œ®–‰¥â√—∫ ¥.∫.§â“ß√—∫ 0.15 ¥.∫.§â“ß√—∫ 0.17 ™”√–§◊π

3. ∫®. ¡—Ëπ§ß‡Õ ‡µ∑ (MKS)

- π“¬ª√–∑’ª·≈–π“ßÕ—®©√“ µ—Èß¡µ‘∏√√¡ ‡ß‘π°Ÿâ¬◊¡ : ‡ªìπºŸâ∂◊ÕÀÿâπ·≈–°√√¡°“√ ‚¥¬∂◊ÕÀÿâπ MKS „πÕ¥’µ MKS ‡§¬„Àâ HYN °Ÿâ ‡¡◊ËÕ§√—Èß 52.10 % ¢Õß∑ÿπ™”√–·≈â«µ—Èß·µàªï 2531 HYN ª√– ∫ªí≠À“ ¿“æ§≈àÕß µàÕ¡“ MKS µâÕß°“√¢¬“¬°“√≈ß∑ÿπ ·µà ∂“∫—π°“√‡ß‘π‰¡à„Àâ ‘π‡™◊ËÕ ®÷ß¢Õ°Ÿâ ®“° HYN

4. ∫®. ¿Ÿ‡°Áµ‡Õ ‡µ∑

- ‡ªìπ∫√‘…—∑¥—Èß‡¥‘¡∑’Ë°√√¡°“√∫√‘…—∑œ §◊Õ π“¬ª√–∑’ª·≈–π“ßÕ—®©√“ µ—Èß¡µ‘∏√√¡ ‡ªìπºŸâ√à«¡∑ÿπ°àÕµ—Èß·≈–∂◊ÕÀÿâπµ—Èß·µà‡¡◊ËÕªï 2532 ‡æ◊ËÕ´◊ÈÕ∑’Ë¥‘π∑’Ë®—ßÀ«—¥¿Ÿ‡°Áµ - ªí®®ÿ∫—π π“¬ª√–∑’ª µ—Èß¡µ‘∏√√¡ ∂◊ÕÀÿâπ 15% - °√√¡°“√√à«¡ 2 ∑à“π§◊Õπ“¬ª√–∑’ª ·≈–π“ßÕ—®©√“ µ—Èß¡µ‘∏√√¡ - ∫√‘…—∑ »ÿ¿“≈—¬æ√Õæ‡æÕ√åµ’È·¡‡π®‡¡âπ∑å ®”°—¥ (SPM) ‡¢â“∂◊ÕÀÿâπ à«π∑’Ë‡æ‘Ë¡∑ÿπ ®”π«π 3.87 % „πªï 2544

3.80

‡ß‘πµâπ 2.36 √“¬°“√¥—ß°≈à“«‡ªìπ°“√™à«¬‡À≈◊Õ∑“ß°“√ ¥.∫.§â“ß√—∫ 0.12 ‡ß‘π ‚¥¬ HYN §‘¥Õ—µ√“¥Õ°‡∫’È¬„π Õ—µ√“‡¥’¬«°—∫µâπ∑ÿπ∑“ß°“√‡ß‘π¢Õß HYN ·≈– §“¥«à“√“¬°“√π’È “¡“√∂‡√’¬°‡ß‘π°Ÿâ ¬◊¡§◊π‰¥â

‡ß‘π≈ß∑ÿπ „πªï 2544 ¡’¡µ‘„Àâ‡æ‘Ë¡∑ÿπ‡æ◊ËÕ¥”‡π‘π °“√ √â“ß‚√ß·√¡·≈–√’ Õ√å∑ ·≈– ‡π◊ËÕß®“°°√√¡°“√SPM ‡ÀÁπ«à“ SPM ∫√‘À“√‚√ß·√¡Õ¬Ÿà·≈â«πà“®–¢¬“¬∞“π °“√ √â“ß√“¬‰¥â ‰ª¬—ß¿Ÿ‡°Áµ¥â«¬ ®÷ß‰¥â ¡’¡µ‘Õπÿ¡—µ‘„Àâ≈ß∑ÿπ„π∫®.¿Ÿ‡°Áµ‡Õ ‡µ∑ ‚¥¬´◊ÈÕÀÿâπ‡æ‘Ë¡∑ÿπ¥—ß°≈à“«„π√“§“ Par §◊Õ 10 ∫“∑ ®”π«π 120,000 Àÿâπ §‘¥‡ªìπ 3.87 % ¢Õß∑ÿπ™”√–·≈â« ®”π«π 31 ≈â“π∫“∑ ‡ß‘π∑¥√Õß®à“¬§à“Àÿâπ : SPM ®à“¬§à“Àÿâπ‡æ‘Ë¡∑ÿπ„Àâ∫®.¿Ÿ‡°Áµ‡Õ ‡µ∑ ·∫∫ºàÕπ®à“¬‡ªìπß«¥®“°∑ÿπ 31 ≈â“π∫“∑ ‡ªìπ 46.5 ≈â“π∫“∑

3.80

0.4

1.20

§≥–°√√¡°“√µ√«® Õ∫‡ÀÁπ«à“®—ßÀ«—¥¿Ÿ‡°Áµ ‡ªìπ·À≈àß∑àÕß‡∑’Ë¬«∑’Ë¡’»—°¬¿“æ Ÿß °“√¢¬“¬ °“√≈ß∑ÿπ®– àßº≈¥’µàÕ∫√‘…—∑œ „πÕπ“§µ

0.3

‡ªìπ√“¬°“√‡æ‘Ë¡∑ÿπª°µ‘¢Õß∏ÿ√°‘® ·≈– ‰¥â∫—π∑÷°√“¬°“√µ“¡À≈—°°“√∫—≠™’∑’Ë √—∫√Õß∑—Ë«‰ª ´÷Ëß‡¡◊ËÕ™”√–§√∫®÷ß®–¡’°“√ ®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ·≈–ª√—∫ª√ÿß‡ªìπ‡ß‘π≈ß∑ÿπ

Transactions with Related Parties RELATED COMPANIES

RELATION

TRANSACTION

TOTAL VALUE (MILLION BAHT) 2001 2002

1. Haadyai Nakarin - As of December 31,2002 SUPALAI Company Limited (HYN) holds 49.89% of HYN - Mr.Prateep and Mrs.Ajchara Tangmatitham have hold 4.71 % of HYN since 1998 before SUPALAI was set up. - Mr.Prateep and Mrs.Ajchara Tangmatitham are directors of HYN .

Principal Loans : The company, together with MKS 38.84 Accrued and directors of HYN lend to HYN to help running of project with interest 18.43 liquidity problem with the same cost as the borrowing rate of SUPALAI from financial institutions. On August 26 ,2002 the board of directors and Audit Committee approved to restructure debt with HYN for the period of 5 years. The detail was acknowledged in the Meeting of Shareholders 1/2002 on September 27,2002

2. Supalai Northeast - SUPALAI holds 49.86% of SPN Company Limited (SPN) - Mr.Prateep and Mrs.Ajchara Tangmatitham hold 7.93 % of SPN

Advance for share subscription : SUPALAI has paid for the capital increase to SPN but SPN did not register for such increase in capital with the Ministry of Commerce because some shareholders were not able to pay for the increased capital. Guarantor : SUPALAI, together with 2 directors, guaranteed SPNûs project loan. This transaction was approved by the board of directors due to general practice of lending. A local shareholder was required to guarantee such loan.

- Mr.Prateep and Mrs.Ajchara Tangmatitham are directors of SUPALAI

- Mr.Prateep and Mrs.Ajchara 3. Munkong Estate Company Limited (MKS) Tangmatitham are shareholders and directors. They have held 52.10 % of MKS since 1988

4. Phuket Estate Company Limited

- Mr.Prateep and Mrs.Ajchara Tangmatitham were founders of Phuket Estate in 1989 in order to buy land in Phuket Province. - Presently, only Mr.Prateep Tangmatitham holds 15 % of Phuket Estate. - Mr.Prateep and Mrs.Ajchara Tangmatitham are directors of SUPALAI - Supalai Property Management Company Limited(SPM) holds the increased share of 3.87 % in 2001

OPINION OF AUDIT COMMITTEE

Principal 22.84 Accrued interest 20.91

The transaction provided was financial assistance to HYN at the same cost as the borrowing rate of SUPALAI. From HYN current position, SUPALAI expects that HYN will be able to repay the debt as agreed the debt restructuring agreement.

3.80

SUPALAI have paid for the capital increase but SPN still could not register with the Ministry of Commerce. Thus, SUPALAI is perceived as creditor to SPN, not as shareholder.

Guarantee 180.0

The opinion of Audit Committee was that it is a general practice for lender to request shareholders and directors to guarantee loans.

SUPALAI Loans : Principal 8.80 During the economy crisis, Accrued financial institutes stopped interest 8.88 lending, so SUPALAI and HYN HYN had to lend to SPN in order to run the project by charging at the Principal 0.29 Accrued same borrowing costs of each company. As of the ended of interest 0.15 2002 SPN is under debt restructuring with financial institutions.

SUPALAI Principal 8.80 Accrued interest 9.37 HYN Principal 0.29 Accrued interest 0.17

The transaction provided was financial assistance by charging the same borrowing costs of each company. However, SUPALAI expects that after SPN succeeds in debt restructuring, SPN will repay all the loans to SUPALAI.

Borrowing : MKS used to issue loans to HYN when HYN had liquidity problem. Afterwards, MKS expanded its business but could not borrow from financial institutions, so it had to borrow from HYN.

Principal 2.36 The transaction provided was financial Accrued assistance by charging the same interest 0.12 borrowing cost of HYN. HYN expects that MKS is able to repay the loans.

Investment In 2001 the board of directors of Phuket Estate approved capital increase in order to build hotel and resort. The board of directors of SPM approved to invest in Phuket Estate at Par of 10 baht per share for 120,000 shares, or 3.87 % of paid up capital of Baht 31 million Advance for share subscription : SPM paid for share subscription in advance to Phuket Estate per installment, increasing from Baht 31 million to Baht 46.5 million

0.4

1.20

The opinion of Audit Committee was that Phuket province is a potential tourist place and this investment will be of good return to SPM.

0.3

This is a capital increase recorded under GAAP, so SPM will book this transaction as investment after it is registered at the Ministry of Commerce.

80 ∫â“π»ÿ¿√“™ Àπ÷Ëß„π·∫∫∫â“π¢Õß»ÿ¿“≈—¬ ¡“µ√∞“π ISO 9001:2000