TRU : Annual Report 2007 TH by sarunya dareephat

( )

WORLD CLASS THAI CRAFT

2550 ! "

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4 5 6 10 12 15 18 20 30 39 42 43 44 45 49 50

( ) Thai Rung Union Car Public Company Limited,

( ) ! " # $ % " % % &% '* + # 2510 , - . # " % " / #/ ( ) 3 ' + , # & + # 2537 % % #/ % 40 # ( ) " " " + 8 + % " # $ 9 + # & " # : ; + + " < 9 ;= # # & % ! % < !9 , % < " % $ # > 8 > % 9 + ( ) + % + " " , - < 9 ;= ;9 , ,> # Thai Rung Union Car Plc. has long been established in the business of motor vehicle assembly Originally founded as a limited partnership under the name Thai Rung Engineering in 1967. its business success eventually led to its become a listed company on the Stock Exchange of Thailand in 1994 under the current name, Thai Rung Union Car Public Company Limited. For the last forty years, until the Present, Thai Rung Union Car Plc. has always been dedicated to developing creative and innovative products for the Thai automotive assembly industry, has also had success with imaginative exports to several countries in different parts of the world. lts products have been popular with consumers, and it has received the Prime MinisterDs Award for Best Exporter and the Car of the Year Award, to name just two of many awards. All this is a source of great pride to us at Thai Rung Union Car Plc. and it also strengthens our determination to continue ceaselessly creating and developing quality products for thai people and the thai nation.

/ Financial Highlights ( : / Unit : Million Baht) 31

Consolidated, as at 31st December Operating Performance Sales and Service Income Total Revenues Total Expenses ( ) ! Earnings (loss) before interest expense and income tax ( )" # Net Earnings (loss) Financial Situation " $ % Current Assets " $ % Total Assets " Total Liabilities " &' *+ Shareholders- Equity ( : ) Per Share Data (Unit: Baht) ( )" # ; Earnings (loss) per Share (EPS) < & ; Dividend per Share ' ; > ; Book Value per Share ( : %) Financial Ratios (Unit : %) ; " # ; Net Earnings margin ; & ; ; " &' *+ Return on Equity (ROE) ; & ; " $ % Return on Asset (ROA)

2550

2550 2007

2549 2006

2548 2005

2,215.10

2,302.99

2,965.63

2,372.63

2,413.90

3,049.78

2,384.08

2,423.91

2,888.70

(11.45)

(10.00)

161.08

(11.60)

(26.16)

119.78

1,620.20

1,568.35

2,224.87

2,851.85

2,803.88

3,488.88

384.68

315.34

914.05

2,467.17

2,488.54

2,574.83

(0.02)

(0.05)

0.24

0.10

4.92

4.96

5.13

(0.49)

(1.08)

3.93

(0.47)

(1.03)

4.50

(0.41)

(0.83)

3.45

< 2550 ;" ;%

; > ; ?; $ @ 8% < ? & ; * ;% " 1,287,346 <G < H 631,251 7% " 690,100 $ @ 28% < " ; < H <G & ; " J+ * &' ? + + ; " K% + H !Q

$ "' @ G ; ' "' G; " * ;% <; < H ? @ ; + ? Q ; & < H

<G Detroit of Asia @ " " < ! ;* " * ;% @ &' < * ;% > $ & ; Q & ; < H

$+ <G Q & ; " * < ? @ @ K% ;" ;% "

; @ < H W+ ; @ ; Q ? ; ; H !Q $+ W+ + " G ; ; ; + ; H !Q ? ? G

G; ; " J (AFTA) < " (FTA) < H; Y " & < K " * ;% $ "' @ ; + " < 2550

Z ; W [ "' ; * ;% < < " ' @ + H !Q @ * < " % ! <G <; < J@ ! Z $ # ; + ? < 2550 ! < " " G ? < ; * < " % TR ALLROADER $ # ; W? ;, " G < K% @ (Jig) Turn Key < H , <G ; * " ^YUTONGj < H ; ! ;

( ! ! Delta Kogyo < H> < ) $+ & ; * ;% " < K%; Y " * ;% $+ ; " ; ' # $ # ;

H # < 2551 ! Z $ w & ; Kz% * < " % * {$ (Special Purpose Vehicle) ; " ; ' @ * < " % 2 ! ; ' ! Z ? # ? " $ # ; ; < H $+ Q # " ? $ "; < * ;% &' & ; * ;% ; Y $+ ; < H ; $ $% < K% @ $+ < ? %; ; ?; ;" ;% " ? J@ ' "' ; ?; ; + ? ! Z K $" ; Q " " ; < ! Z ; *@ " > " # &' *+ <| ; ; &' *+ ? ; < 2550 ! Z

< K $ < " >&' *+ ; AGM Checklist ^ j " K $ % ; $ % ( ;.) " " " &'

! ' @ ; + $+ ! " * # > ; ?; ; < " # $ ?< " " + &' [ $+ < ? %"' " &' *+ K ! Z { K ' &' *+ ; Y Q $ &' [ <G $ + " > " " ! Z " { K !

+ $ w ! Z < " " G + ; <

< K & >? < # ( )

Mrs. Pranee Phaoenchoke Chairman of the Board of Directors & President

Mr. Sompong Phaoenchoke

Ms. Kaewjai Phaoenchoke

Director & Managing Director

Director

( &

&"% ")

Mr. Wuttichai Phaoenchoke

Mr. Somkiat Nimrawee

Director

!" ""# $

Mr. Pricha Attavipach

Mr. Anthony Farquhar McDonald

Independent Director & Chairman, Audit Committee

Director

& ' " "

Mr. Kavee Vasuvat 2550Independent Director & Member, Audit Committee

Mr. Suvait Theeravachirakul Independent Director & Member, Audit Committee

Board of Directors and Audit Committee

Mrs. Pranee Phaoenchoke

: !" #$ % # &" '!" &( ) * & ) & +, # : - & # * & & # .% /, 0"# / # - * & & # . ) " !" ! .% .( . ! !" ) #/ .% ,/ 0 *!# % .% .( . !!$ 1"2! .% ! " . .( . !!$ 1"!3#" ! %( . # ( 3!("(! 1 . "4 ( . ! 220 ) " !" ! . " 1 - ! .% !!$ 1 "( ( .% !!$ 1 ! 1 *! "2 1 . $ -% " 1# . ! 220 !" ! . " 2 !!$ 1 2 1 . ! 0 2 ,/ . (" !!$ 1 - . " 1 % ,/ +# # 1# /56! ( 31 . . 2551) : 245,387,500 1# (48.92%)

Academic qualifications: Honorary doctorate in Business Administration, American Coastline University, U.S.A. Honorary MasterQs Degree in Commerce and Accountancy Thammasart University Work Experience: - Chairman of the Board of Directors & President of Thai Rung Union Car Plc. - Director & President of Chaicharoenkij Motors Co. Ltd. Thai V.P. Corporation Co. Ltd. Thai Rung Tools and Dies Co. Ltd. Thai V.P. Auto Service Co. Ltd. Thai Ultimate Car Co. Ltd. V.P. Auto Enterprise Co. Ltd. Sinthoranee Property Co. Ltd. First Part Co. Ltd. Isuzu Chaicharoenkij Motors Co. Ltd. Delta-TR Co. Ltd. Thai Auto Pressparts Co. Ltd. Thai Auto Body Assembly Co. Ltd. Europe Thai Car Rent Co. Ltd. Isuzu V. Motor Co. Ltd. Lexus Auto City Co. Ltd. TRU Leasing Co. Ltd. V.P.K. Auto Co., Ltd. - Director of Delta Thairung Co.,Ltd. Shareholding as of January 31, 2008 : 245,387,500 shares (48.92%)

Mr. Sompong Phaoenchoke

: $ ! " $! &" / #/ & +, # : - * & E0 1 .% ,/ 0"# / # - & # " / , .% ,/ 0"# / # - * & !, & # .% .( . ! !" ) #/ .% ! " . .( . !!$ 1"!3#" ! %( . "4 ( . ! 220 ) " !" ! . $ -% " 1# . ! 220 !" ! . " 2 !!$ 1 2 1 . " 1 % ,/ - * & E0 1 .% ,/ 0 *!# % .% .( . !!$ 1"2! . " 1 - ! .% !!$ 1 "( ( . ! 0 2 ,/ - . ) " !" ! . # ( 3!("(! 1 .% !!$ 1 ! 1 *! "2 1 . % !!$ 1 !#" !) #/ 0 Director Certification Program 26/2003 : IOD +# # 1# /56! ( 31 . . 2551) : 46,150,100 1# (9.20%)

Academic qualifications: MasterQs degree in Industrial Engineering, Keio University, Japan Work Experience: - Director & Managing Director of Thai Rung Union Car Plc. - Chairman of Risk Management Committee of Thai Rung Union Car Plc. - Director & Vice President of Thai V.P. Corporation Co. Ltd. Thai Ultimate Car Co. Ltd. V.P. Auto Enterprise Co. Ltd. First Part Co. Ltd. Isuzu Chaicharoenkij Motors Co. Ltd. Europe Thai Car Rent Co. Ltd. Isuzu V. Motor Co. Ltd. Lexus Auto City Co. Ltd. Delta Thairung Co.,Ltd. - Director & Managing Director of Thai Rung Tools and Dies Co. Ltd. Thai V.P. Auto Service Co. Ltd. Delta-TR Co. Ltd. Thai Auto Pressparts Co. Ltd. TRU Leasing Co. Ltd. - Director of Chaicharoenkij Motors Co. Ltd. Sinthoranee Property Co. Ltd. Thai Auto Body Assembly Co. Ltd. Thai Auto Conversion Co. Ltd. Director Certification Program 26/2003: IOD Shareholding as of January 31, 2008: 46,150,100 shares (9.20%)

( )

Ms. Kaewjai Phaoenchoke

: Bachelor Degree in Financial Administration University of New England Australia & +, # : - * & .% ,/ 0"# / # - * & & #" 1 #1 / .% ! " .% .( . ! !" ) #/ . "4 ( . ! 220 ) " !" ! . .( . !!$ 1"!3#" ! %( . $ -% " 1# . ! 220 !" ! . " 2 !!$ 1 2 1 . (" !!$ 1 - .) " !" ! .% .( . !!$ 1"2! .% ,/ 0 *!# % . # ( _!("(! 1 .% !!$ 1 "( ( .% !!$ 1 ! 1 *! "2 1 . ! 0 2 ,/ 0 Director Certification Program 29/2003 : IOD +# # 1# /56! ( 31 . . 2551) : 34,991,250 1# (6.98%)

Academic qualifications: Bachelor Degree in Financial Administration University of New England Australia Work Experience: - Director & Executive Board of Thai Rung Union Car Plc. - Director & Chief Executive Officer of Thai Ultimate Car Co. Ltd. Thai V.P. Corporation Co. Ltd. First Part Co. Ltd. Isuzu Chaicharoenkij Motors Co. Ltd. V.P. Auto Enterprise Co. Ltd. Europe Thai Car Rent Co. Ltd. Isuzu V. Motor Co. Ltd. Lexus Auto City Co. Ltd. V.P.K. Auto Co., Ltd. - Director of Chaicharoenkij Motors Co. Ltd. Thai V.P. Auto Service Co. Ltd. Thai Rung Tools and Dies Co. Ltd. Sinthoranee Property Co. Ltd. Thai Auto Pressparts Co. Ltd. Thai Auto Body Assembly Co. Ltd. TRU Leasing Co. Ltd. Director Certification Program 29/2003: IOD Shareholding as of January 31, 2008: 34,991,250 shares (6.98%)

Mr. Wuttichai Phaoenchoke

: $ # # $ " # &" ! , `

& +, # : - , * & " / , . % /, 0"# / # - * & E0 1 . ! 220 ) " !" ! . # ( _!("(! 1 . ) " !" ! . ! 220 !" ! .% .( .!!$ 1"2! - .% ! " .% !!$ 1 "( ( .% !!$ 1 ! 1 *! "2 1 .% .( . ! !" ) #/ .% ,/ 0 *!# % . .( . !!$ 1"!3#" ! %( . " 1 - ! . ! 0 2 ,/ . $ -% " 1# +# # 1# /56! ( 31 . . 2551) : 22,500,000 1# (4.49%)

Academic qualifications: MasterQs degree in Automotive Engineering, Coventry University, U.K. Work Experience: - Director, Executive Board and Member of Risk Management Committee of Thai Rung Union Car Plc. - Director & Managing Director of Isuzu Chaicharoenkij Motors Co. Ltd. Sinthoranee Property Co. Ltd. Chaicharoenkij Motors Co. Ltd. Isuzu V. Motor Co. Ltd. Thai V.P. Auto Service Co. Ltd. - Director of Thai Ultimate Car Co. Ltd. Thai Auto Pressparts Co. Ltd. Thai Auto Body Assembly Co. Ltd. Thai V.P. Corporation Co. Ltd. Thai Rung Tools and Dies Co. Ltd. V.P. Auto Enterprise Co. Ltd. Delta-TR Co. Ltd. TRU Leasing Co. Ltd. Europe Thai Car Rent Co. Ltd. Shareholding as of January 31, 2008: 22,500,000 shares (4.49%)

Mr. Somkiat Nimrawee

: &( ) * & ) & +, # : - , , + # / ! * # * & " / , .% ,/ 0"# / # - E0 1 . * #-% ! " 1# 0 Director Accreditation Program 10/2004 : IOD +# # 1# /56! ( 31 . . 2551) : 80,000 1# (0.02%)

Academic qualifications: BachelorQs degree in Finance & Accounting, Thammasart University Work Experience: - Director, Executive Board, Member of Remuneration Committee and Risk Management Committee of Thai Rung Union Car Plc. - Managing Director of Dan-Thai Equipment Co. Ltd. Director Accreditation Program 10/2004: IOD Shareholding as of January 31, 2008: 80,000 shares (0.02%)

! !"

Mr.Anthony Farquhar McDonald

: $ Bachelor Degree in Financial Administration University of New England Australia & +, # : - .% ,/ 0"# / # - E0 1 . Astudo Holdings 0 Director Certification Program 83/2007 : IOD +# # 1# /56! ( 31 . . 2551) : % /

Academic qualifications: MasterQs degree in Marketing Thammasart University Bachelor Degree in Financial Administration University of New England Australia Work Experience: - Director of Thai Rung Union Car Plc. - Managing Director of Astudo Holdings Co. Ltd. Director Certification Program 83/2007: IOD Shareholding as of January 31, 2008: None

2550

# $ % "

Mr. Pricha Attavipach

: ! { , $ MS (Industrial Engineering & Management) Oklahoma State University &" '!" 1!, # )! ( !. #/ 32) & +, # : - ! &, & # ! * & & # + # / ! * # . % ,/ 0"# / # - * & ! . 0#2 " # % - & # . ,/ | " ! . / !/ , !, , # 1 . *(#" " ! (1192) . ) # # ,( ( * # . ( .( . ! #" ! "#) /#*# . "! '( # ."!3#% !#" 3# ( ( *!# " " ! - E0)1 +# ( "

& } - ( / , & ,* ,, #* & , - ) & 6!! ) !# * & ! } 5 #* /, &" % - & , & ,! - & # & %441 ~/ E * /, &" % $ " * /, &" % . $ " * /,) - / . $ " * /,) 0 Director Certification Program 39/2004 : IOD 0 Finance for Non-Finance Directors 8/2004 : IOD +# # 1# /56! ( 31 . . 2551) : 280,000 1# (0.06%)

Academic qualifications: BachelorQs Degree in industrial engineering Chulalongkorn University MasterQs Degree (MS) in engineering (Industrial Engineering & Management) Oklahoma State University, U.S.A. National Defence College of Thailand, Class of 1989 Work Experience: - Independent Director & Chairman, Audit Committee and Remuneration Committee of Thai Rung Union Car Plc. - Director and Member of the Audit Committee, Siam Cement Plc. - Chairman of Tongkah Harbour Plc. Ruamkijaungthong Warehouse Co.,Ltd. Pan-Paper 1992 Co.,Ltd. Chaiyananbangplee Parkland Co.,Ltd. SIAM P.P. International Co.,Ltd. Ekaratpattana Co.,Ltd Environment Pulp and Paper Co.,Ltd. - Specialist Senior Engineering (Industrial Engineer), Council of Engineers - Law Councilor of Ministry of Labour - Academic Director of the Safety and Health Vocational Management System, The Engineering Institute of Thailand Under H.M. The KingQs Patronage (E.I.T.) - Deputy Permanent Secretary to the Ministry of Industry - Chairman of Electricity Generating Authority of Thailand Petroleum Authority of Thailand National Petrochemical Plc. - Honorary Advisor, National Petrochemical Plc. Director Certification Program 39/2004: IOD Finance for Non-Finance Directors 8/2004: IOD Shareholding as of January 31, 2008 : 280,000 shares (0.06%)

Mr. Kavee Vasuvat

: Electrical Engineering Royal Melbourne Institute of Technology, Australia & +, # : - ! &, ! * & + # / ! * # .% ,/ 0"# / # - & # ! , ! & * & + # / ! * # . % " " - & # . .! . . "!) #/ 0 Director Forum Program 1/2000 : IOD 0 Director Accreditation Program 23/2004 : IOD 0 Director Certification Program 58/2005 : IOD 0 Finance for Non-Finance Directors 18/2005 : IOD 0 Audit Committee Program 10/2005 : IOD +# # 1# /56! ( 31 . . 2551) : % /

Academic qualifications: BachelorQs degree in Electrical Engineering Royal Melbourne Institute of Technology, Australia Work Experience: - Independent Director & Member, Audit Committee and Remuneration Committee of Thai Rung Union Car Plc. - Independent Director & Chairman Audit Committee and Member Remuneration Committee of Thai Steel Cable Plc. - Chairman of Q.E.D. Creation Co. Ltd. Director Forum Program 1/2000 : IOD Director Accreditation Program 23/2004 : IOD Director Certification Program 58/2005 : IOD Finance for Non-Finance Directors 18/2005 : IOD Audit Committee Program 10/2005 : IOD Shareholding as of January 31, 2008 : None

" &

Mr. Suvait Theeravachirakul

: & ) +* , $ Wagner College NY New York U.S.A. & +, # : - ! &, ! * & " / , .% /, 0"# / # - / E0!1 +# . "!3 " - . $ ,* ! !! ( &" % ) . % 2 *!# * # . ( # 0 Director Certification Program 9/2001 : IOD 0 Audit Committee Program 15/2006 : IOD +# # 1# /56! ( 31 . . 2551) : 15,012 1# (0.003%)

Academic qualifications: BachelorQs degree in Business Administration, Accounting, Ramkhamhaeng University MasterQs degree in MBA, Wagner College, New York NY, U.S.A. Work Experience: - Independent Director & Member, Audit Committee and Risk Management Committee of Thai Rung Union Car Plc. - Director & President of MBK Plc. - Director of Royal Orchid Hotel (Thailand) Plc. Patum Rice Mill and Granary Plc. Siam Piwat Co. Ltd. Director Certification Program 9/2001: IOD Audit Committee Program 15/2006: IOD Shareholding as of January 31, 2008: 15,012 shares (0.003%)

( )

2550 : Social Activities 2007

K" $ !% & >? &' !

' % 1 ( ) ^ * ;% < 2550j " ;

TR ADVENTURE SPORT < ; K% Q ; ;" ; % ; %? % 28 J@ <G 6 < J @ <G + ; & ; Kz%

Z <G ;

; +

Khun Sompong Phaoenchoke, Managing Director of Thai Rung Union Car Plc, was presented with the ^Car of the Yearj award in the Outstanding Thai Innovation category for the TR Adventure Sport by Deputy Minister of Industry Mr. Piyabutr Cholvijarn at the 28th Bangkok International Motor Show, this being the sixth successive year that Thai Rung has received the award, which provides real assurance that Thai Rung-s products have continuously sustained their excellence in Thai innovation.

K & >? &' < !

' % 2 ( ) *; K% TR ADVENTURE 2 " " ' # ? ; Z$KZ Q ; $ " #% % <G < # $+ < ? K % ; ; < < * @ (ARRIVE ALIVE) " $ - < <; K $' + 14 # 2550 K ;@ " ; ; Q

On December 14th 2007 Khun Kaewkao Phaoenchoke, General Manager of Thai Rung Union Car Plc, presented two TR Adventure patrol vehicles in support of the charitable foundation ^If you drink, don-t drivej. In a ceremony held at the Santimaitree Building, Government House, the Prime Minister, General Surayut Chulanont, accepted the vehicles on behalf of the charity, for use in the ^Arrive alivej New Year traffic accident reduction campaign on the Bangkok-Poipet route.

2550

K" $ !% & >? &' <G ; 3 ^"* < " $ #% " " < < 2550j " " " " " K ;@ " ; ; Q + 10 2550 J@ < <G < 3 ; ; ! Z

On September 10th 2007, at the Santimaitree Building, Government House, Managing Director Khun Sompong Phaoenchoke represented the Company in receiving the Outstanding Workplace 2007 award in the category Labour Relations and Welfare, from the Department of Labour Protection and Welfare of the Ministry of Labour and Social Welfare. This is the third successive year that Thai Rung has won this award.

K" $ !% & >? &' !

.$ . 4 ?; J % " J@ <G !

Z * < ; * ;%? " !

Zhengzhou Yutong Group ; + ^YUTONGj K ? $ < %

Khun Sompong Phaoenchoke, Managing Director of Thai V.P. Auto Service Co. Ltd., a Thai Rung group company, held a news conference at the Chao Phraya Park Hotel to announce the company-s appointment as distributor for a leading Chinese brand of passenger vehicles in partnership with the Zhengzhou Yutong Group, under the brand name Yutong.

K " $ !% & > ? &' K 5 " $ H !Q% &' &' !

' % ( ) ; . "; W % "% < # < ' ; { ; ! ; %" (< H

) ? " & ; TR ALLROADER * < " % 7 J@ $ w < $ ? ? ? + <G $ # ; # K !

' % ( )

Khun Sompong Phaoenchoke and Khun Noppadol Suplaset, Managing Director and Assistant Managing Director respectively of Thai Rung Union Car Plc, welcomed Mr. Steve Carlisle, President of GM Southeast Asia Operations, General Motors Thailand, to Thai Rung for a visit to the production line of the TR Allroader, a multi-purpose seven-seater developed from the Colorado pick-up, confirming the business partnership.

' % ( ) " 6 * < " % 7 TR ALLROADER &' &' * ;% $ Chevrolet < H $ & ; " K !

' % ( ) ? .< K & >? < # ;

Thai Rung Union Car Plc held a training and advisory seminar on the multi-purpose seven-seater TR Allroader for Chevrolet dealer principals and sales personnel nationwide including a visit to the modern production line at Thai Rung-s factory. Delegates were welcomed by Mrs. Pranee Phaoenchoke, President of the Company.

' % ( ) & ; Kz% 7 * < " % 7 TR ADVENTURE II $ * ;% ISUZU < H $ & ; " K !

' % ( ) ? &' !

Z ;

Thai Rung Union Car Plc held a product training session on the multi-purpose seven-seater TR Adventure II for Isuzu sales staff nationwide including a visit to the modern production line at Thai Rung-s factory. Delegates were welcomed by senior executives of Thai Rung.

K" $ !% & >? &' !

' % 8 ( ) $ < H

< 2550 ^Thailand Top 100 HR 2007j ." # ; ; " # H "; % K < H ' $

Khun Sompong Phaoenchoke, Managing Director of Thai Rung Union Car Plc received the Thailand Top 100 HR 2007 award on behalf of the Company from Dr. Sumet Tantivejkul, President of Thammasat University Council, at a ceremony held in the university-s Sriburapha Auditorium.

( )

WORLD CLASS THAI CRAFT

! " #

( ) ' : 0107536001435

524,996,497 #/ " J % 524,996,497 1

501,589,497 (; % 31 2551)

28/6 1 $ , Q 81 '% , ' ' ,3 10160 ! & , : 0-2431-0071-2, 0-2431-0065, 0-2420-0076 ! " : 0-2812-0844, 0-2814-5030, 0-2420-3664

Website

http://www.thairung.co.th

! " #

& W , (# & ) 62 , # & $ 9 ' ,3 10110

$% &

!"9; , & % 9 < " J J ' 3182 / > " %% "" . < " J J ' 3853 / > ; , < " J J ' 4172 " " 193/136-137 33 $ 9 ' ,3 10110 ! & , : 0-2264-0777, 0-2661-9190 ! " : 0-2264-0789-90, 0-2661-9192

2550

% , - < 9 ;= < , , # ; * < " % # # $ 8

( ) ! " ; % 31 . % 2550 !

' % ( ) (TRU)

! " 94%

- 46%

# # 91%

30%

" 91%

! 30%

.# . 94% 99.53%

90%

27,000,000 ( ) 270,000 100 28/22 1 ! "# $% 81 & % ! & % & " !' 10160 * + ! - : 0-2431-0071-2, 0-2431-0065, 0-2420-0076 * : 0-2814-5030, 0-2420-3664 "#9 " "% ; "< = < ! < !- % " 9- >

. . 25,000,000 ( ) 250,000 100 17/22 2 ! "# $% 81 & % ! & % & " !' 10160 * + ! - : 0-2420-6708, 0-2420-4823, 0-2812-1445-6 * : 0-2420-1601 "#9 " "% ; "< % ? % " 9- " + - <" " &

400,000,000 ( ) 4,00,000 100 * < % " % $< %< % & 7/122 4 & 331 ! % @% " % 20160 * + ! - : (038) 956-156, 956-239-42 * : (038) 956-169 "#9 " "% ; "< = < < ( )

WORLD CLASS THAI CRAFT

! ( ? < < " ) 12,000,000 ( " 25%) 120,000 100 68 1 > - % $ $ " % @% > "#9 " "% ; "< % < - @ C !D% " E < ! 9<

! " 25,000,000 ( ) 25,000 1,000 " E 371 <@ < & E & ! ? " !' 10400 * + ! - : 0-2616-1040-59 * : 0-2616-1063 "#9 " "% ; "< - + - <" % ?

( ? < < " ) 15,000,000 ( ) 150,000 100 ( D% 28 ; 2550 <# ? " 60 D% 15 ) 28/6 1 ! "# $% 81 & % ! & % & " !' 10160 * + ! - : 0-2812-2930, 0-2812-2940 * : 0-2812-2909 "#9 " "% ; "< $D% & E E $D% -

- 20,000,000 ( ) 200,000 100 28/23 1 ! "# $% 81 & % ! & % & " !' 10160 * + ! - : 0-2431-0071-2, 0-2431-0065, 0-2420-0076 * : 0-2812-4302 "#9 " "% ; "< = < - % " 9- " D% " -

" # 74,500,000 ( ) 74,500 1,000 700/182 1 " % @%! % 20160 * + ! - : (038) 457-106-110 * : (038) 457-112 "#9 " "% ; "< ! F = < @ 9G- < % " 9- " !< +# Special Purpose Vehicle

20,000,000 ( " 50%) 2,000,000 100 < % " % $< %< % 7/150 4 ! % @% " % 20160 * + ! - : (038) 650398-400 "#9 " "% ; "< = < - < % " 9- C -

2550

( ) #/ < # . + " # . % , - < 9 ;= " , , # ; < < " % ! , " # # $ 8 ,> #/ $" % > $ # " 7 $ / Q $+ X, (Special Purpose Vehicles) $X X > /% $ $, $ / $ " #/ #/ % & ' " $ Land Rover $ ! " Yutong # & ! 3 % % " 9 Q* # . % > " " Q* > + ,> + . % '* #/ % " . ! ; # . ! " # ( $ % ) # . 3 .

- , - < 9 ;= , - < 9 ;= $ # # 9 8 - < " % ! , " ,> + $ , $ ,> + 9 + 3 " " % ' $ # " # + # & - # # $ 8 ,> #/ $" % > $ # " 7 $+ X, (Special Purpose Vehicle) $X X > /%, " ", $ , $, , $ / , $ " #/ &! #! #&! " # Q* #/ # . " , , # ; < ! " " BOI

'*+ & ! " # Q* #/ # + > $ 2545 ! + " Q " " " 9 # % % ,> ' < " % ! " " BOI ,> + $ $ + ,> %; " Q %;+ % $* " % + # 2548 ' #" < " % , " , '* . .

'*+ , ! & " # Q* #/ # . & ' " $ # " ' ( ) Q* + # 2548 ' . # " % , " $ (Accessory Part) + \Parto] + # 2550 #/ % ' $ ! " 9 + \Yutong] # & ,> #/ ' . + 8 , '* % ., . ! Q %" 2

* ! " # ( ' + # 2544) ,> ' . # 9 $ ! #/ % & ' " $ Land Rover % #/ < # ; $ # " 8 ! &, " # ( % '* + # 2548) ! % $ # " ,> . ,> #/ " " . ' $' > # + # 2550 * 75% # > 15

( )

WORLD CLASS THAI CRAFT

'*+ # + & , + " # Q* #/ . * . '* ,> ' . %$ $ # 9 8 ,> + , ; % $ # " X, $X X > /%, $ ", $ , $ / , $ , $, #/ '; # % # *+ - ! " # #/ % Delta Kogyo # &J # ,> < $ # ; % > $

'*+ % " # #/ % ! ! , - < 9 ;= # ; , & " Special Purpose Vehicle # *+ " # #/ % Delta Kogyo # &J # Q* , '* + + # 2550 ,> # . < $ " % # ; 8 " $ ! ! + " Q " " " 9 # % % ! ' 3 + + # . ! . + % % " $+ # . ' 8 9 + !

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2548

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WORLD CLASS THAI CRAFT 4. ; / / $* % " J' # < $> , ' % # < $ > % ! X, # . # . ; 8 ,> + <$ > " $Q $ # . ; 8 + > %' 2 ; ! + #: < $> #/ . ,> # # " . ' ,> z ' < $ > 1. ; " " + <$ > " % ' % # % " $+ " . " ! X + < > # " ! 3 " > " 1 ,> #/ > + X + ' # + " . " ' < $ > ! 3 ' " # % >

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(16.88) (44.42)

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1,191.11 115.25 267.37 2,302.99 100.00 10.91 2413.90

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28.42 (14.75) (40.27) (87.90) 35.58 11.04 (41.28)

2.39% -12.80% -15.06% -3.82% 35.58% 101.19% -1.71%

( )

WORLD CLASS THAI CRAFT

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350,434,439 334,100,890 326,708,270 122,138,038 9,544,827 28,086,710 390,648,838 58,542,646 1,620,204,658

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80,509,784 3,920,602 6,716,334 24,909,541 116,056,261

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1,905,589,679 1,992,409,906 911,096,334 910,036,454 478,490,379 431,495,611 232,653,790 245,284,319 2,384,080,058 2,423,905,517 1,143,750,124 1,155,320,773

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107,975,892

217,130,409

(86,628,238) 182,227,258 (127,954,644) 295,292,975 (7,462,475) (1,057,239) 900,720 (10,510,227) (21,114,308) 385,623,613 (51,032,302) 241,293,382 (11,367,760) 15,835,899 1,469,924 1,024,604 8,923,571 (21,612,677) 17,744,364 (18,636,310) 13,352,162 (109,933,627) 33,242,473 (97,047,057) (7,235,460) 11,294,260 (2,539,425) 3,037,946 48,217,729 (80,069,500) (40,399) (40,976,008) 28,739,011 528,194,592 (20,233,397) 590,609,714

; < <G " @

( )

WORLD CLASS THAI CRAFT

( ) ( ) " # " $ " 31 ! 2550 2549

;

2550 2549

( % : ) 2550 2549 (< < )

' "&!'' &' % = ' % % ( . > ) &" ! $ % % ( . > ) % # " </ ?! ' $% </ ?! = ' (&= & ) %

' "&!'' &' & " ! ! % % ! % % % # @ = '! ' " $ ! "

# % # &" $ ! "

&= & "

$% . > (% % ) $% ; $% % % $ . ; " " A # ; ' '%

; < <G " @

2550

(98,522,985) 216,803,551

(41,517,731) 189,996,243

(8,586,710) 500,000 11,413,290 (8,500,000) 1,539,426 961,400 15,836,481 7,081,614 11,752,790 681,544 (100,662,150) (114,669,991) (69,482,650) (98,736,819) (150,000) (150,000) (190,395,938) 110,526,574 (87,834,301) 83,290,968 (4,500,000) (4,500,000) (9,000,000) (170,656,927) 521,091,366 350,434,439

27,227 12,911,914

(420,000,000) - (360,000,000) - (105,000,000) (50,158,750) - (50,158,750) (17,799,600) (487,958,350) - (515,158,750) 150,762,816 (108,067,698) 158,741,932 370,328,550 255,394,744 96,652,812 521,091,366 147,327,046 255,394,744

9,809,590 21,126,131

2,430 9,297,667

10,414,390 14,918,699

' # ' ( ) " # " $ " 31 ! 2550 2549 1.

%$ # ( ) (\ 3]) '* #/ 9 + # & . ' 3 > # # $ < " % # ; , , ! > 28/6

1 $ , '% , ' ' ,

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'* z J + , JJ % , J ,.&. 2547 " + '* ,> + #/ # ' + # & , - . % 14 2544 % + , JJ J ,.&. 2543 '* ! + ;= % # < #/ > + ! J

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94 91 91

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5 28 -

99.53

' / ! # / & ! ' ! %:( %: -( ' ( % $ ! )

( )

WORLD CLASS THAI CRAFT > % 3 2549 # > % , ; #/ " "

2.3

% 3 % " " J % %

)

+ + J ' 3 " % ' < $ > ' %

3 X, ,> # ! " . ; Q* " + % % .

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% X, + % " % " + %

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1 2550 #/ # + % " 1 ' # # 3 # # ! J % * + % + X, ,> + #/ # z J X 44 45 X # # + % % + 4 / z J X 46 X # # + < > 3 + % % )

X 25 (# # 2550) X 29 (# # 2550) X 31 (# # 2550) X 33 (# # 2550) X 35 (# # 2550) X 39 (# # 2550) X 41 (# # 2550) X 43 (# # 2550) X 49 (# # 2550) X 51

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z J ' + $> #: " % J + > %

1 2551 #/ # W ' 3 # % / % z J X % < #/ " " J " # + z J X % 58

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# # / - 6 ' ' 78 + % " 1 ' # # 3 # # ! J % * + % + X, % ." % " #/ % . z J X 44 (# # 2550) > % X, Q* + + + % + X, " % . + # # ! J % 3 # X, # " # " > % 3 $ > #: % * J + % % . ! # # + 3 " . + ' X, " # " " % 31 . % 2550 2549 , '* #/ % 46 (0.09 ) 108 (0.21 ) < " " ' # # ! J % " % + %' \< " " # # ! J % * + % ] + " # # " % ' < $> X, % # # ! J % < X, J %' + % + X, < % +

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( )

WORLD CLASS THAI CRAFT 5.3

! % $ & '% # # #! " " . 3 * <> " " " J" < ' ! # ; '* / Q* ! % #, ; # " ; / %

5.4

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5.6

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% . "> " # # " # # > # ; ! > > > # ; ! > > Q > # 2542 > + " ,

% . " % . " % . " % . % ; % . % ; % . % ;

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- % &' ' > %' 3 $* > % 3 > $ % ! 3 % #/ ! > > 9 + % % 3 > %' % $* % Q* . , #/ " " J 3 < " J > , ' 3 + % < % ' 3

5.9

: #/ # & # #/ ! + # ; % " , " #/ % #/ # & >

; % + # #/ ! + # ; % + ' # # + # %

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5.10 " ' ' # , % + 3 # % ' Q * " % " , >

' ' 3 # ; % > ' " ,

( )

WORLD CLASS THAI CRAFT , % J ' " , " % % > 3 ' " , + % > < ' ' " , + ' ( % > ' " , $* ' " . > + ' " , % % + " % ) 5.11 ; , 3 > ! " " # " " , * #/ + > 5.12 + % # 3 * # ; " % + J > 9 < , Q* #/ < ; + '* % % #/ # ' % 3 " , & z # ,> # # > 9 < , 3 " $# ; 9 < , > $> 5.13 < = " 3 * 9 ! %; " . 9 ~ 9 5.14 # ' -, # >& ' : % " JJ Q> ' # & % $ # # ; % " % J ' '* # # & % $ * + ' " % > " % '* " JJ $ % % . " ' " JJ 5.15 + + J % # + "$ ; W + # ; " z Q* < % " + # % < '* * # % # ; %

% 2550 2549 " $> , . - . # &

2550

( % : ) X, 2550 2549

334,100,890 235,577,905 254,313,843 212,796,112

$ $ > ' ; % 31 . % 2550 2549 % $ * ( % : ) % X, 2550 2549 2550 2549 ' % * ! % = '& 280,534,048 236,687,675 126,502,984 103,170,330 3 > 41,710,262 46,210,968 14,673,257 10,487,383 3 - 6 > 4,519,821 7,463,405 3,174,264 6 - 12 > 2,030,054 23,154 % 12 > 826,986 23,154 % 327,591,117 292,392,102 144,373,659 113,680,867 : <> " " " J (882,847) (921,345) > - " . 326,708,270 291,470,757 144,373,659 113,680,867 ! % = ' 38,705,192 13,104,083 3 > 13,575,918 3,143,715 3 - 6 > 11,237,927 19,460,886 6 - 12 > 27,927,350 10,123,831 % 12 > 21,147,247 12,372,124 % 112,593,634 58,204,639 ! % =

24,246,491 6,673,732 23,885,856 6,063,012 3 > 1,746,324 958,712 1,746,324 958,711 % % 25,992,815 7,632,444 25,632,180 7,021,723

( )

WORLD CLASS THAI CRAFT ( % : ) X, 2550 2549

% 2550 2549 ! % = ' 59,730,059 3 > 26,857,149 3 - 6 > 3,433,917 6 - 12 > 2,803,523 % 12 > 3,320,575 % %' 96,145,223 % %' 122,138,038 : <> " " " J %' - " . 122,138,038

44,966,253

47,920,071

25,870,520

7,978,966 2,685,505 5,801,807 1,643,840 63,076,371 70,708,815 (267,500) 70,441,315

7,009,162 1,474,347 1,312,240 1,980,720 59,696,540 197,922,354 197,922,354

4,924,200 1,392,100 2,138,480 1,108,840 35,434,140 100,660,502 100,660,502

! %$ + % # 3 . " J > %' . % #/ # > ' ;= % 3 Q* #/ # # . ! " $" # 2550 2549 & ' (; ) J+ " J+ " $ %* WW " " $ %* +

2550

{$ 2550 2549

25 4 13 108 1 2 41

35 39 14 1 30 1 9 39

( : ) ?

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2550 2549 -

{$ 2550 2549 1 1 2 2 8 10 7 9

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2.50 - 5.00 ; < (2549: 4.73 - 6.00 ; < ) ; < H

231

28 42 5 18

9 30 5 6

17 39 5 16

9 29 5 4

18 37

24 40

2 24

1 24

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4 5

4 1 -

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2 1 -

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8 22 271 1 2 4

1 32 275 5 -

8 21 156 -

27 172 -

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; " >> 3.50 - 5.00 ; < (2549: 1.50 - 5.45 ; < )

( )

WORLD CLASS THAI CRAFT % 3 %' ; % 31 . % 2550 2549 ( % : ) X, 2550 2549

% 2550 2549 ! % ' " " % ., . ! Q %" ! , ", % - ! % %' QQ J QQ % % ., . # % ., . ! / , " { " , % ., . ! : <> " " " J %' - " . ! % ' & - ' " " ! , ", "Q % ., . ! Q %"

2550

450,320 43,608,797 68,147,017 387,500 112,593,634

1,421,567 20,209,354 36,514,558 59,160 58,204,639

25,567,861 424,954 25,992,815

7,525,266 107,178 7,632,444

25,567,861 64,319 25,632,180

6,999,248 22,475 7,021,723

84,740,860 1,244,775 358,731 662,767 8,924,571 213,519 96,145,223 96,145,223 122,138,038

48,819,793 59,165,253 34,753,660 1,676,338 531,287 680,480 2,531,314 70,287 9,978,639 63,076,371 59,696,540 35,434,140 (267,500) 62,808,871 59,696,540 35,434,140 70,441,315 197,922,354 100,660,502

563,340 8,076,200 1,797,600 38,274 10,475,414

357,000 9,437,400 1,498,000 41,233 11,333,633

( % : ) X,

% 2550 % - %' QQ J !,. 9 % ., . ! / , " Q " ! Q { " , % ., . # QQ % " . ; ! # % ., . . ! > - %' % ! & # $ ' % ., . ! Q %" %' QQ J + > " %' % ' " " % ., . ! Q %"

2549

2550

2549

1,292,448

138,417 219,536 150,000 5,339,068 120,000 17,521 990,000 907,220 370,617 8,252,379 9,544,827

37,397 126,000 333,071 300,000 882,814 390,266 12,804 2,082,352 2,082,352

120,896 120,896 10,596,310

37,397 126,000 163,397 11,497,030

23,000,000

43,000,000

28,086,710 28,086,710

19,500,000 19,500,000

28,086,710 51,086,710

19,500,000 62,500,000

832,291 5,998,362 8,810 6,839,463

800,555 2,836,009 3,636,564

( )

WORLD CLASS THAI CRAFT ( % : ) X,

% % - %' QQ J % ., . # % ., . ! / , " QQ % % ., . . ! { " , %' % ' & - ' " " % ., . ! Q %" % - %' QQ J QQ % % ., . # " . ; " J % ., . ! / , " Q " ! Q !,. 9 { " , > - %'

2550

2549

2550

2549

4,678,512

891,859

3,372,936

284,038

1,222,826 29,960 36,560 8,163 38,758 403,642 1,739,909 6,418,421

10,157,185 64,130 3,965,546 14,186,861 15,078,720

1,159,690 1,159,690 11,372,089

3,920,602

1,576,163 1,576,163

294,000 4,860,000 5,154,000

300,000

4,854,073 1,055,098 1,200,000 160,000 1,900,000 41,244 9,210,415 9,510,415

9,571,594 20,653 3,205,002 1,200,000 960,000 201,000 7,088 1,280,538 16,445,875 16,745,875

353,696 305,806 1,900,000 41,244 2,600,746 4,176,909

37,539 20,653 1,085,868 201,000 7,088 210,186 1,562,334 6,716,334

+ % # 2550 + > %' > % # ( : ) 1 < 31 # 2550 $ @ 2550

;

* ! + ' " " ! J'J > ; %

(19)

3.325 - 5 ; < 2 +

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(35)

(15)

2.50 - 5 ; < 2 + -

(19)

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3.325 - 5 ; < 2 +

; % 31 . % 2550 3 > %' #/ % 3 <> " " " J > W ' 3 / % 3 ' $ $ ! % + # 2550 3 > # / + < #/ % 37 ( X, : 12 ) (2549: 29 X, : 14 ) < * ' ; % 31 . % 2550 2549 3 9 # + # )

9 # % " > + ( ) . + # & * + % 1.5 " z3

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)

9 # % " > + " " ( ) . + # & *

+ % 220 3 . #

( )

WORLD CLASS THAI CRAFT 9.

" $ = ( % : ) %

" " / # " % < % $ % " " # > % : <> " " > - " .

2550

2549

2550

147,285,972 62,517,770 231,385,108 441,188,850 (50,540,012) 390,648,838

190,758,763 67,816,031 161,499,748 420,074,542 (39,057,630) 381,016,912

2549

67,464,425 91,681,351 46,961,479 28,850,771 150,702,784 93,564,264 265,128,688 214,096,386 (13,351,868) (13,351,868) 251,776,820 200,744,518

10. " 8 =

( % : ) %

9 Q> > 9 Q > , + % " , % >

2550

2549

2550

39,160,778 2,832,338 5,500,851 8,286,454 2,762,225 58,542,646

29,303,918 4,403,852 8,849,756 4,617,360 47,174,886

2549

2,643,411 302,157 5,269,488 1,752,074 9,967,130

244,290 7,325,596 3,867,168 11,437,054

11. ' (/ : ) + + @ . !"

!" . . ' : "

!" !" + & : : : " !" ' : " !" '

" + + < !"

2550

" + +

2550

2549

2550

2549

+ " , " / + " 31 $"

2550

2549

2550

2549

23,500,000

3,290,000

25,380,000

141,620,400

400

364,000,000 364,000,000 45,500,000

86,450,000

2,730,000

415,610,000 415,610,000 45,500,000

231,360,400

12. ' 12.1 ' " ' =

( : )

:( "

!"# $ !

% &

" % - ! 6 : ' " + * % : ! 6 : ' " % ! ! ! !

! % %? ! !

! %

* @: $ %

% 2550

2549

46 30 30

46 30 -

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2550

2549

2550

2549

9,200,000 22,350,000 15,000,000

9,200,000 22,350,000 -

45,354,933 37,887,941 14,891,661

37,010,204 25,716,904 -

46,550,000

31,550,000

98,134,535

62,727,108

( % : ) X,

% " % (' ) + % + % # 2550 2549 8,684,209 3,393,412 13,370,983 7,515,495 (108,339) 21,946,853 10,908,907

> - ! % %

# < % # 2550 2549 339,480 961,400 1,199,946 1,539,426 961,400

12.2 ' ! ;" # ' =

(/ : )

! " !" - : " !" ' ." " !" + "

% " 31 $"

" : % " 31 $"

/ % " 31 $"

/ " " 31 $"

( ) $ / " " 31 $"

2550

2549

2550

2549

2550

2549

2550

2549

2550

2549

20 75

186 196

112 230

87 69

31 144

375 291

280 216

19 44

7 25

(0.4)

( )

WORLD CLASS THAI CRAFT + > . % 2550 3 " JJ % # & * ,>

(\ % ]) ; % 31 . % 2550 % % 25 3 % #+ > 2551 " % + % Q* % + ' % " # " " % 31 . % 2550 2549 % 22 11 %; Q* ! W ' % % " ! < " J '

13. # ( : ) ! %

* / *

%* ( ! ! # + / %* ( (

%* ( : !

31 $ * 2549 353,593,504 668,810,665 1,536,401,845 185,940,963 -( % 262,500 2,203,850 22,828,289 8,507,615 + % ( !) 9,251,232 44,300,012 484,737 (460,287) (14,400,340) (2,473,270) 31 $ * 2550 353,856,004 679,805,460 1,589,129,806 192,460,045

31 $ * 2549 8,833,051 323,125,227 1,256,559,483 164,769,371 * % ( * 481,444 32,264,831 72,593,286 11,942,916 * % ( * - (460,287) (11,703,383) (2,405,070) 31 $ * 2550 9,314,495 354,929,771 1,317,449,386 174,307,217 31 $ * 2549 (7,623,031) 31 $ * 2550 (7,623,031)

31 $ * 2549 344,760,453 345,685,438 272,219,331 21,171,592 31 $ * 2550 344,541,509 324,875,689 264,057,389 18,152,828 2549 (114 ! 6 % ( * : ! / ) 2550 (89 ! 6 % ( * : ! / )

2550

93,399,210 7,416,973 2,150,727 (12,762,013) 90,204,897

103,198,428 2,941,344,615 59,442,923 100,662,150 (56,186,708) (30,095,910) 106,454,643 3,011,910,855

70,965,625 7,875,430 (11,196,610) 67,644,445

- 1,824,252,757 125,157,907 (25,765,350) - 1,923,645,314

22,433,585 22,560,452

(7,623,031) (7,623,031)

103,198,428 1,109,468,827 106,454,643 1,080,642,510 155,471,686 125,157,907

( : ) ! % %? ! !

* / *

%* ( ! ! # + / %* ( (

%* ( : !

31 $ * 2549 60,805,477 314,518,114 1,355,389,811 93,974,011 -( % 262,500 1,341,000 15,484,784 7,084,243 + % ( !) 8,656,055 30,061,464 34,097 (460,287) (12,164,509) (2,263,908) 31 $ * 2550 61,067,977 324,054,882 1,388,771,550 98,828,443

31 $ * 2549 8,833,051 154,521,655 1,221,205,178 82,393,226 * % ( * 481,444 12,699,573 57,588,674 7,391,618 * % ( * - (460,287) (11,446,354) (2,218,744) 31 $ * 2550 9,314,495 166,760,941 1,267,347,498 87,566,100 31 $ * 2549 (7,623,031) 31 $ * 2550 (7,623,031)

31 $ * 2549 51,972,426 159,996,459 126,561,602 11,580,785 31 $ * 2550 51,753,482 157,293,941 113,801,021 11,262,343 2549 (103 ! 6 % ( * : ! / )

71,544,710 5,568,558 2,150,727 (3,987,586) 75,276,409

21,745,548 1,917,977,671 39,741,565 69,482,650 (40,902,343) (18,876,290) 20,584,770 1,968,584,031

54,726,793 5,521,877 (3,154,514) 57,094,156

- 1,521,679,903 83,683,186 (17,279,899) - 1,588,083,190

(7,623,031) (7,623,031)

16,817,917 18,182,253

21,745,548 20,584,770

388,674,737 372,877,810 115,965,772

2550 (67 ! 6 % ( * : ! / )

83,683,186

; % 31 . % 2550 3 # ; % * Q* "> % +

' " , % % # ; 1,141 (2549: 1,084 ) ( X, : 1,010 (2549: 975 )) ; % 31 . % 2550 * ( ) , " # " " % *

Q* " . J % 60 (2549: 72 ) # % . ,> # % " >

80 "$ ' %

14. " ! ( % : ) % 2550 " . : " " " . % + ' " #

2549

61,612,872 61,612,872 (54,800,892) (53,252,594) 6,811,980 8,360,278 1,548,298

1,648,301

2550

2549

150,000 (150,000) -

150,000 (125,000) 25,000

25,000

125,000

( )

WORLD CLASS THAI CRAFT 15. " 8 =

( % : ) %

9 ; " , % >

2550

2549

2550

2549

28,981,313 17,071,961 46,053,274

40,810,101 14,166,744 54,976,845

23,956,414 9,998,110 33,954,524

38,697,070 13,001,818 51,698,888

16. - ! ; % 31 . % 2550 3 % J . % 83 ( X, : 28 ) Q* # ! 3 ' 3 " # " '

17. $" = ( % : ) % 2550 9 9 ' $* + " % >

390,126 8,854,621 32,802,848 64,304,232 106,351,827

2549 205,830 6,106,843 20,009,818 31,811,607 58,134,098

X, 2550 8,218,468 4,377,348 12,273,326 24,869,142

2549 5,298,796 4,473,709 15,137,036 24,909,541

18. ' " - " " ! >= $ $ " > % 16 ~ 2547 3 + " J " " . Q> " J' 3 (! ESOP 2003) % 24,999,000 % + # * > , ' 3 + " ' 0 % + " J " " . % 5 # " " % 15 ~ 2552 ! + " . > + " J " " . 1 % " . Q > " J 1 + + " . 8 1 " J % + " . # - 9 + # 1 % 40% ' + " J " " . " 3 - 9 + # 2 % 30% ' + " J " " . " 3 - 9 2 # " $+ " . Q > " J+ " % > % + " J " " . % #/ , + , # &

2550

> % 18 . % 2546 # % " J< $ > ' 3 " " J , % 24,999,000 ,> + " . + " J " " . Q> " J > % 24 2549 # " J# # < $> ' 3 # # + " . + # "9 ,+ " J " " . #/ " J' 3 8 " J #/ 5 " J 3 #: ' + # & . 36/2544 ' " ; , , % # + " . + > $ 2549 #/ # ; % 31 . % 2550 2549 3 + " J " " . > % 23,407,000 %

19. " + ? ,> + #/ # 116 , JJ ,.&. 2535 3 " " . # # "% * % #/ " % 5 ' " . # # % ' " " ($ ) % " % % 10 ' " ~ % " $ # # < ; % 31 . % 2550 2549 3 " " ~ #/ 10 ' %

20. $ = ( % : ) % 2550 ' & Q " " ' " . ; #!9 $ " , ' % " " # > # * 9 " " " , > 8 %

2549

X, 2550

2549

36,115,090 23,050,752 7,807,000

28,762,334 21,744,321 19,005,749 10,028,348 -

18,677,043 -

33,207,174 4,980,000 13,465,836 16,956,685 135,582,537

14,444,697 38,385,089 4,980,000 4,980,000 183,281 3,682,864 10,156,399 16,176,553 9,071,914 100,002,398 81,599,151

27,654,294 5,890,000 183,281 565,074 6,020,899 58,990,591

( )

WORLD CLASS THAI CRAFT 21. ' $ 8 ( % : ) %

% , ; % " # ( ) + % , " # (, )

2550

2549

1,477 312,446

1,464 320,843

2550

2549

883 175,593

853 185,345

22. @ $ + 3 9 9 " # 2550 2549 > 3 # < % % #/ < ' 9 # 9 + % " # 2550 2549 #/ 9 ' Q* %;'* + 30 " " 9 " # % % " + 8 J + $> #/ + + %;9 3 " " % % + 23 Q* % $* % 9 " " . " "

23. " " " " . , & 9 ; " " " . # ! " J # " $" # ! ; " " # <G 3 < ' # ; + ; # ; & & ; J J $ $% < K% @ ' # < / / ; & & ; " ; * ? * ;% " $ "; W % "" * ;% & ; J J $ $% < K% @ ' # < " + += " & & ; " ? ; * " * ;% * ;% " $ "; W % "

2550

! ! ; " ; " " # <G 8 < ; < ; <G 5 <

15 2543

3 * 2545

3 * 2553

< (< <

" " )

24. + $ ' ,> z %;! (' ) " . " # % % $ % X $ % ' " J + % # # %;! (' ) " . " # % < % ' % " J$ % X $ %

+ % # % $ % X $ % ' " J 3 ,> # " J # " + #/ " J! " % # #/ " J ; % # > ; % " J % ' ,> z # " ! % 31 $ * @ ' %? ' !

! " # $

! $ * @/

-( @ ! /! ! ! !" / ( ! " ,/ " (ESOP 2003 - 23,407,000 *) % D 6 '( @ ! :

$ -( @ ! * @/

2550

2549

2550

2549

2550

2549

(11,596,761)

(26,160,174)

501,589,497

(0.02)

(0.05)

(11,596,761)

(26,160,174)

501,589,497

(0.02)

(0.05)

! % %? ! ! 31 $ * @ ' %? ' !

! " # ! $

! $ * @/

-( @ ! /! ! ! !" / ( ! " ,/ " (ESOP 2003 - 23,407,000 *) ! % D 6 '( @ ! :

$ -( @ ! * @/

2550

2549

2550

2549

2550

2549

( )

34,424,105

81,745,947

501,589,497

0.07

0.16

34,424,105

81,745,947

501,589,497

0.07

0.16

* ! * #! ( ) * @/

-( @ 2550 / 2549 % ( ! * :

$ ! * $ ' %? @ " ,

( )

WORLD CLASS THAI CRAFT 25. %$ " 3 + 3 " % > (1) . # > 8 % $ (2) . < # ; " + < $ (# % . < , , Â&#x201E; . < " % ) (3) . $ & $ . + " % 9 & " + # & ' " % . ' 3 " # " " %

31 . % 2550 2549 # ( : ) ! % 31 $ * 2550 / 2549 $ ! ! / ( F %! ! '

$ ! 6 ! # : 6 '

$ ! ' / & ! '

2550

2549

2550

2549

2550

2549

2550

2549

2550

2549

!G ! ! ( ) !! % / * : : !% ( * : ! / / ! !% " !% G " % ** 6 '( $

774 168 942 166

765 85 850 122

924 43 967 141

969 34 1,003 133

517 17 534 39

569 27 596 58

(228) (228) (37)

(146) (146) (3)

2,215 2,215 309

2,303 2,303 310

23 112 (478)

22 78 (431)

22 (1) 1 (12)

11 (4) (3) (9) (26)

* / ! # !

299

1,080 1,772 2,852

1,109 1,695 2,804

260

470

548

344

" , / " : %!#H ! ! * ! ! % 8

! ! @: !

2550

355

(33)

(54)

26. " $ 8 3 , 3 % " ,'* , JJ " , ,.&. 2530 Q* # % , " " #/ > + 3-5 ' > , 3 " + #/ > + 0-100 ' " " , " , ! . . ( ) % * ( ) ! , % " + , + ; % % ' 3 + % # 2550 3 " #/ % 7 (2549: 7 )

27. # A # < # & + # 2549 ' 3

! # < # 2548

# < $> " J# # % 24 2549

% # 2549

% # <

( % : ) # <

50,158,750

0.10

50,158,750

28. @ A 8 "$ %6 $ 28.1 < ! # "* 3 " JJ %' ,> + " ! , > # ; ; % 31 . % 2550 3 9 < , + " JJ % 9 + 1 # 2 $* 5 #

23 33

28.2 % #&' * - ; % 31 . % 2550 3 "> # Q* ! . + 3 > #/ % 120 ( X, : 23 ) Q* % > 9 < , #: # # . ' 3 Q* # % "> # ,> # Q> " 20 ,> # #: " JJ % 30 0.9 J" z3 ,>

# + {{ > 8 % 40 ( X, : 23 )

( )

WORLD CLASS THAI CRAFT 28.3 < ! ; % 31 . % 2550 3 9 < , % " % ' + % #/ % 53

29. = = 29.1 ; % # > > " J' 3

+ z J X 48 \ " # < ' " > > ] # % " " > + > > 3 % " %' > > % ! % " 3 % " + " > % > + > > W % % " ! + ! % . + % " > " 3 * % % " #/ " " J + " > + " > ' 3 % > 3 z ' % % " " 3 " J " + " > > J ' + > > " + 3 % " " J % > W "$ % % + > " / > " , " " % + J % > 9 + * # % " ' 3 *

+ ; % 31 . % 2550 " , " " J" $ # 9 " " , " " $ % > % + ( % + $ * )

2550

9 + 1 # # , " " > % % + > " %' % # >

( )

( # )

350 334 28 712

458 458

350 458 334 28 1,170

1.0 - 1.5 2.95-3.22 3.325-5

263 263

% " # " J % > Q> > ' " #/ # & " JJ Q> ' # & % Q* " % + J " JJ * # ,> + #/ > > + % " ; % 31 . % 2550 > ' " , " #/ " # & "

" ,

J" z

731,825

750,000

# X ; % 31 . % 2550 ( % # &) 33.77

; % 31 . % 2550 "J J ' # & % > # " JJ ' " J" z

% ' ( J) 4.4

% ' ( % # &) 33.57

( )

WORLD CLASS THAI CRAFT 29.2 ! - ' & ' &' > " , " " % + J ' 3

+ # 9 " % % + > + + 3 * # ; . ' " , " + J " + . $* % < Q> < ' # " , + '; " W % / + + # " $ #/ " + ; % %' % . . '* ; ' > > . " > '* ! + ;= % "

30. # @ ' # # ! J %+ 4 Q* < " . " % ' < $ > # % 3 # 9 J + " # " " % 31 . % 2549 + ,> + " # 9 J + # # Q* < (' ) " . > " % ' < $> > # # # ! J %

31. + + ! ; 3 > % 28 9 , . 2551

2550

( ) Thai Rung Union Car Public Company Limited,

/Vision

â&#x20AC;&#x153;

(Brand) "! # ! $% &#'" ' !" * #â&#x20AC;?

â&#x20AC;&#x153;To be at the pinnacle of the Thai auto industry with our own brand; to build optimum customer satisfaction through world-class quality and serviceâ&#x20AC;?