CGS : Annual Report 2013 by Phantipa Kwanmuang

¼Å¡ÓäÃ

84.42 ÅéÒ¹ºÒ·

344.81 ÅéÒ¹ºÒ·

¨èÒÂ»Ñ¹¼Å

3 »Õ«éÍ¹

¡ÓäÃ

»Õ«éÍ¹

ÃÒÂ§Ò¹»ÃÐ¨Ó»Õ 2556

ºÃÔÉÑ·ËÅÑ¡·ÃÑ¾Âì ¤Ñ¹·ÃÕè ¡ÃØê» ¨Ó¡Ñ´ (ÁËÒª¹)

1. 2517 ! "# $ # % 3 % & ' (& ) " # % & # ! ' (& ) 2534 ( # 2552

* *+ $,+ ! â&#x20AC;&#x153; - *+ . / (# $ )â&#x20AC;? *8 % 9, & :# ;<* / (# $ ) <=+ & & #*" "(> 9, 24.92 % & *+

' $/ ' > % &

& ( > =& / & :# ;<* / (# $ ) #*"9 ! (># ! "# $%

# & # ( 24.92%

#" &

- *+ . / (# $ ) >& - & 8 B & ( *8 1. ! <,8 % 2. - 3. / ( 4. ! *+ = & 5. & ># 6. & "(> -- 7. ,#' ,# 8. & (># & 8 & " <,8 % (>& ' -> # : $ ! *+ = & & "/ & -D # / ' * > 1.1 # &#' ( # ) * "+ # &#' ( ! EF / & & ' & ' ! *+ F -> # ! #,

$* ' -> #<,+ " / # ,+ > " ) % & =&# (&# + *+ ! *+#*"(> ' (& "F&" 5 ' % & ) ' ! *+#* *+ * *+" 8 #*-> # 8& *+ ' / " E B DG ' > # #( H *+ * *+ # ,+ " &-> # & % & F - ' ! # / F' *+ * ,+ " &-> # $,+ # + ' ( F - ' &

" " I $* % & - % & #*) B ,+ & ' ( F - Annual Report 2013

) * "+ â&#x20AC;¢ ! ,#& # & # (&$- $ / " 2 "* 5 # "# # , / "* / / / -

F ' " ## -> # F ' ( & ' EF *+" 8& & # - ' ( & & > J #,+

E B DG #( $( " <,8 % &-/ (>& "/ - '" &" ! ,+ K " & #( -> #" *+ & ! $(> % L F - ' ( ' ! L F - # >

> 8 I - *" " ) #* " B ' F - -> #" > " $

# ( & H - M & *+ > â&#x20AC;¢ ! ,#& # & # (&$- $ * &$-"$&$- "

I <,8 % ' <,8 % " #* " B ' #* "9* B ,+

& # D <,8 % % & F - +# ' E B DG ,+ " &-> # & % & F - ' F - " # 9 , &

( & # "#' & ( &#* " B

# -> # F ' ( & ,+ #*) B -/ ' / & ' & ' ( F - ( &#* " B 8 & - &" &B ,+ -> # - ( & > #* N # F - ( & :> *+" ' #*-> # (& *+"

â&#x20AC;¢ # , "# 3" 4 + 3 ,#&6 * "$ / - & - * ,#&6 3" # 4 & &$- "* &$-/ " $ 4# 4 #* " B ' $ $ "F&" ,+ / & ' #*E ! / ,+ ' & ' (EF 9, ># 8&'">& $( & & % ' & *+#* -> # "*+ & *+ # ' E ' *+ # "# ,+ -> # "*+ & =+& & -( # * #<,8 % ' L % & #* "9* B "B > *+ E O B $( #, & ) L B #$ ! â&#x20AC;¢ "+ " + 7 7 42 $ 3" $ / ,8 L % &- D # # ' -> #<,+ " " <=+& & ( > "(&E * ( EF #*"(> "* (# 8&EF 9, F - & & ' ># ># 8& " " ' ( &- ' "9 )= ( & H

-> # (>##, ' ( (> & % & L' $ ,+ > 9 "&- I #*-> # > ' ! " % & & ( & ) * "+ " # & # ( ,#&* - #(#* â&#x20AC;&#x201C;

Annual Report 2013

1.2 3" ,#&6

+ 3 & + 3 / # ( + 3 & / $ 3" $ " $% C 4 " $% * 2 - D % # & # (

3" -

&$- " & / $ 3" $ + # : % " # &$- 31 # 2556 2555 ( # * ) 2554 &

3" 1,695.68 81.96 1,269.68 78.60 1,240.37 80.17 39.59 1.91 18.78 1.16 10.84 0.70 66.15 3.20 80.90 5.01 86.21 5.57 19.72 0.95 20.81 1.29 13.62 0.88 86.42 4.18 50.79 3.14 48.20 3.12 90.96 4.40 85.10 5.27 73.39 4.74 56.61 2.74 74.11 4.59 59.61 3.85 13.71 0.66 15.11 0.94 14.96 0.97 2,068.84 100.00 1,615.28 100.00 1,547.20 100.00

F * *+ > & & >% " *+ $ ' *+ ' & - &" & % & >% > - ' -/ % &QR

Annual Report 2013

2. # ,E $- #F &$- + #G : 2509 7 :2539 2509 - * ( 8& â&#x20AC;&#x153; ' . - < : " / â&#x20AC;? 2517 - "# - ' , ! "# $ # % 3 % & 2522 - *+ ' &$,+ ! â&#x20AC;&#x153; ' . - < / â&#x20AC;? 2534 - " # % & # ! 2536 - " # % & # ! * 2537 - ' "B ! # $ / ' +# * 200 ! 600 : 2540 7 : 2552 2540 - ' %% &- ,+ % " "(> 9, % &$ > ( &$ # 25 ! 49 % & / > *+

/ ( 8& # ' * +# ! H 2542 - +# * ! 1,785 ,+ & $ " % & "/ - '" &" *+ <,8 " # $ *+ 1 ' $ *+ 2 <=+& #

' > #,+ > *+ 14 > -# 2544 ' > *+ 14 > -# 2545 # / 2545 - +# * ! 2,414.16 ,+ <,8 " # / > 99.99 % & $/ ' >% & Indosuez W.I. Carr Securities (Thailand) Limited <=+& <,8 & ( > #,+ > *+ 22 # 2545 ( # *+ $,+ ! â&#x20AC;&#x153; * / â&#x20AC;? ' â&#x20AC;&#x153; < / â&#x20AC;? # / - +# * ! 4,916.51 ,+ & $ " % & "/ - '" &" *+ <,8 " # $ *+ 3 ' $ *+ 4 <=+& #

' > #,+ > *+ 16 # -# 2547 ' > *+ 16 # -# 2549 # / 2546 - *+ ' & - &" &% &-D # # > $ B / & / ' (& # ' & B - 8>-$ / & / ' (& # 2547 - +# $/ ' > ! 3,223.10 $ " <,8 " # % & "/ - '" &" $ *+ 3 2549 - +# $/ ' > ! 4,195.89 $ " <,8 " # % & "/ - '" &" $ *+ 4 - *+ ' & - &" &% &-D # ) " F L / & / ' (& # ' " > $ / & / ' (& # ' # EF ( - K ' -> >#" % / > 23 " % 2550 - K ' -> >#" % / > 4 " % ' K " % +# # / > 1 " % - "/ &' "/ &"(> 8/ #F -( / > 813.67 ,+ $ $ E % " "# D > *+ 31 > -# 2549 <=+& #* / > 901.67 #,+ ' > " : -& , E % " "# / > 87.99 - *+ ' &#F -( *+ > 10 ! 1 - $/ ' >% & < / # 482.05 -& , / > 120.51 ,+ * # -> # # / ( 8& # & ( > 2551 - / ( 8& # < / ' ( Merrill Lynch Holdings (Mauritius) - -D # / ' # " <,8 % (>& ' ( ' +# " <,8 % (>& B ! <,8 % " <,8 % (>& Annual Report 2013

- >& - & #% " ' % &-D # / '

' . <=+& ! *+" # 9 - B ' ( - "/ & -D # / ' +# B

/ ( - K ' -> >#" % / > 4 " % : 2552 - & +# # & :# ;<* / (# $ ) ># ! 22.5 % & * % & & ( > #*E & ( > *+ "9 ! (># - K " % +# # / > 16 " % ' K ' -> >#" % / > 3 " % - * *+ & #( * $/ / > 4,916.51 -& , 4,195.89 " # *+ & #( / ( / > 720.62 - $/ ' > / > 4,195.89 -& , 4,038.14 / > & / > 157.75 ,+ $ $ E % " "# D > *+ 30 2551 <=+&#* / > 157.75 - $/ ' > / > 4,038.14 - & , 2,300.00 / > & / > 1,738.14 ,+ -, & &"(> / > 1,738.14 ' (EF 9, - *+ ' &$,+ * % & # â&#x20AC;&#x153; ' . - < / (# $ )â&#x20AC;? ! â&#x20AC;&#x153; - *+ . / (# $ )â&#x20AC;? - $/ ' > / > 2,300.00 -& , 1,866.37 / > & / > 433.63 ,+ $ $ E % " "# D > *+ 30 # 9 2552 / > 433.63 -

' " % " # +# #( / > #( 466.59 #F -( *+ > 1.00 ' (EF 9, # # " "(> 9, 4 # ( 1 #( - 1.30 -

' " % "/ - '" &" *+ <,8 " # % & ( *+ 5 / > #( 466.59 (> ' (EF 9, # *+ &<,8 " # +# ' " 1 " # #( ( 1 (> "/ - '" &" #(- #F -( 8& *8 "/ - '" &" 1 (> " # 9 $ " <,8 " # 1 - 1.50 -

' " % "/ - '" &" *+ <,8 " # % & ' ( # EF & ' / , *+ = % & # - & ESOP - 8& *+ 1 / > #( 350.00 (> #(- #F -( 8& *8 "/ - '" &" 1 (> " # 9 $ " <,8 " # 1 - 1.50 - +# * / > 1,866.37 ! 3,149.55

" # #( / > 1,283.18 #F -( *+ > 1.00 : 2553 - * +# $/ ' > / > 1,866.37 ! 2,330.76 #,+ > *+ 25 # -# 2553 - ' (& 8& . " b ) *" > D ! *+ ' * $ *+

#*E ' (> *+ 7 2553 - ' (& 8& &" >" I " ! # (#* / ) ' * $ *+

#*E ' ( > *+ 29 2553 - ' (& 8& &" > $ D > D ! EF / & / ' (&"F&" " $*' & ' EF / > > "" $*' & ' &" > #* -&> I ) L & # EF " $* ' & #*E ' (> *+ 1 f) 2553

Annual Report 2013

: 2554 - ' (& 8& . " b ) *" > D ! *+ #*E ' (> *+ 1 f B -# 2554 - ' (& 8& &" > $ D > D ! EF / & / ' (&"F&" " $*' & #*E ' (> *+ 1 # 2554 - ' (& 8& / > *>* & $,+ B * ! # ( #(#* / ) ' # *+

#*E ' (> *+ 23 f) 2554 - ' (& 8& > " L ) " ! # " ' # *+

#*E ' (> *+ 23 f) 2554 : 2555 - ' (& 8& ##*+ $ ! # ( #(#* / ) ' ) $ )> > *+

#*E ' ( > *+ 29 f B -# 2555 - ' (& 8& $ $ B D ! # EF #*E ' (> *+ 1 f B -# 2555 ' ' (& 8& ! # #* E ' (> *+ 29 f B -# 2555 - +# $/ ' > / > 2,330.76 ! 2,330.81 $ " <,8 " # % & "/ - '" &" $ *+ 5 <=+& #

' > #,+ > *+ 18 # -# 2556 $- #F &$- + #G* : 2556 - K " % +# # / > 1 " % ' K ' -> >#" % / > 1 " % - * *+ & #( * $/ / > 3,149.55 -& , 2,330.81 " # *+ & #( / ( / > 818.74 - +# * / > 2,330.81 ! 3,189.79

" # #( / > 858.98 #F -( *+ > 1.00 - * +# $/ ' > / > 2,330.81 ! 2,589.74 #,+ > *+ 21 f B -# 2556 - ' (& 8& &" >" I " ' $ $ B D ! *+ ' . " b ) *" > D *+

#*E ' (> *+ 1 f) 2556 - ' (& 8& " > $ ! # EF ( #*E ' (> *+ 1 f) 2556 - ' (& 8& ) B f $-" % &) ! # EF " " 4 ' " > $ #*E ' (> *+ 1 f) 2556 - ' (& 8& $ $ B D ! # ( #(#* / ) ' . " b ) *" > D *+

#*E ' (> *+ 4 f) 2556 - ' (& 8& ##*+ $ ! # (#* / ) #*E ' (> *+ 25 f) 2556 2.1 2.1.1

# ,E

D % # & # ( / ! <,8 % ! >' <=+& / *+ ! <,8 % F - 8& -- # -- ' "9 & ( &H >#9=& & ' & 8&B )' ( & ) #*$( & & "(&-/ " +&<,8 % 8& "(&-/ "(&<,8 % & *+ , "(&-/ " +&<,8 % & ) & *+ *+ -/ ' / & ' -/ " +&<,8 % *+ / F( *+"/ & (' / , "/ & " % +> ) 8& *8 &#* "(&-/ " +&<,8 % E( : F - " # 9"(&-/ " +&<,8

% E( : +> ,+

/ > -> #" > / # F - #-> # & ( & :# *+ &#* "(& " #' " " % L EF & ' -> #"/ - D F - 8& *8 $* ,+ / <,8 % "/ F - *+ F( ' ( $* & " (Cash) $* *+> & & > (>& ,+ $/ - :# / > (Cash Balance) ' $*# 8 - < (Credit Balance)

Annual Report 2013

#*"(> ' (& ' #F -( <,8 % 3 *+E( # M # & ( *8 / " / " 2 D % # & # ( 2 D % ' (& ) ( ) ># Proprietary Trading #( ( ) ># Proprietary Trading

#F -( <,8 % ( ) #( ># Proprietary Trading

: 2556 11,777,210.10

: 2555 7,615,637.96

: 2554 7,040,457.88

553,458.69

298,928.56

151,022.76

12,330,668.79

7,914,566.52

7,191,480.64

1,070,610.18

761,872.92

641,153.51

4.97%

5.43%

5.13%

/ " (%)

# 2 #/ D % # & # (* 2 #* -> #"/ - "(& " #' " " % L EF & ' #* /

> * M *+$ # q * % & ' "/ & . . . >#9=&#* * # "/ ,+ & # N & $ # ! $( & & ; & ' " " & & ' ( ( <=+& ! # "/ - ,+ & % & / F' "9 & % & & D F - #* / *+ > -> # # "# F - ' #* D >& & F - ' ( #-> # # "#% &L & ,+ # *+ / " ' ( F - ' ( # "# *+" ># 8& ! -> - #' N & -> # "*+ & / # *+ > <,8 % % & F - F( *+ # "# > / DG K $* D # >& & ' > " ,+

% : & *+ > F - > ! D >#9=& / *+ EF <=+& F' F - #* *+ & / -> # F F - ' # ( / " ,+ / " ! #> 9 "&- & L & % / % & F - 8& & &,+ % ' F ' & / EF #* / # K $*' # >& & <,8 % ,+ D #*-> #9F & # "# > :> ' #* " B # +&%=8 & & ( *8 #/ #( 2 #( 20 #( 30 #( 50 #( 150 150 %=8

42 $ + #/ EF " - , EF "F&" % &" % , "F& >( EF "F&" " " " , "F& >( # EF " " " , "F& >( # EF ( , "F& >( -D # D >& & <,8 % , "F& >( -D #

-D # D >& & <,8 % % & > 1. # 3 ( 2. # EF ( 1 ( 3. EF "F&" % &" " 2 ( 4. EF "F&" % &" " 1 ( 5. EF "F&" % &QR -> # "*+ & 1 ( Annual Report 2013

# % &-D # D >& & 9, ! # #,+ # #* &# : $ (># #( >( - =+ & =+ &% & # EF % (># $ # + " ( % # & # ( &8 -D # -> # "*+ & / *+ D $,+ ' # 8 +# ,+ F - " # 9<,8

> & F ,# $*# 8 Credit Balance -D # & ( > > # 3 ( EF "F&" % & " " 2 ( EF "F&" QR -> # "*+ & EF "F&" QR M ' EF "F&" % &QR > - 9, ! # #,+ # &# : $ (># #( >( 4 8 % & # & ( >' / > # 8 +# ( & # " 1 - 8& ' ( #* D , #* O *+ -> #E E> ,+ <=+& #*E ( &#* "/ - (

- : / D ! D* ) ,+ ( D 8& *8 #* DG /

# 8 +# ' (& ! (# # -> # "*+ & & *8 A B C F N

IM (%) 50 60 70 100 0

/ : - *+ F( (# A, B, C, F ! *+" # 9<,8 % ' / # ! (Marginable Securities) # &% & - *+ F( (# N ! *+ #( <,8 $*# 8 ' #( ! (Non â&#x20AC;&#x201C; Marginable Securities)

2.1.2

D % #GG D % / <,8 % " <,8 % (>& %=8 ! *+ ! >' <,8 % " <,8 % (>& "/ & . . . 2551 % (># ! "# $ % & " <,8 % (>& ' "/ $* ( ) ) / / > 42 ' *+ ! <,8 % " <,8 % (>&

" <,8 % (>& +# ! "(> =+&% & <=+& #* % & <,8 % " <,8 % (>& F - % & ( & ( ,+ & D " 8 2556 #* $* F - / > 3,100 $* <=+& # D +#%=8 % & $* F - "F&%=8 2555 9=& 20 ' ( F - % & <,8 % " <,8 % (>& 8 F - " # 9"(&-/ " +&<,8 % E( *+

' E( : % & ( &" > > :> *+ #*" % *+ K / > 51 " % +> ) ( ># "/ & () #* % L F - 8 & B & + > & "9 >#9= & & ( & ) ' O F - "(> (% & ! & +> / > F - *+ K $*<,8 % " <,8 % (>& 8& # % & 2556 #*"(> ' (& " <,8 % (>& 2.90 ' #* % L F - ># 8& +# # D <,8 % ( & ( ,+ & ,+ " # 9 I %=8 ! ' > % & ) "(& " #-> # F F - *+#* F( ! / > # % # <,8 % ' #*'E & *+ +# # D <,8 % #*"(> ' (& & +#"F&%=8 - "/ 'E & 2557 " <,8 % (>& #* - & *+ +# #" - & & $ * SET 50 % : ' " -

& & *+ ! +# *+#* F( D O % # / <,8 % ,+ +# ! & , & " <,8 % (>& # %=8 ,+ & *+E( # & #*-> #" & " <,8 % (>& +#%=8 ( & ( ,+ & =+& 8&' ( 2554 ! #

Annual Report 2013

" <,8 % (>& ' (& ) K / <,8 % 8&' ( > 9.45 â&#x20AC;&#x201C; 22.30 . " - *+ K #* <,8 % $(>&-+/ ' ( &-/ (Gold) & (Silver) ' 8/ # (Brent Crude Oil) -, $(>& > 19.30 â&#x20AC;&#x201C; 22.30 . ,+ +#$( & & & & *+ # & " <,8 % *+ & & " - ( & ) "(&E #* # D <,8 % +## %=8 $(>& > & ( > K <,8 % & : $(>& > & ( >' ( F - > $( * > ,+ ! " &-> # & & % & F - ' - >& * + #G " & # ( (Derivative Warrants) 2 $- # * + #G " & # (

-> # ( $,+ 9, (Credit Rating) " 8& / BBB-

' "

% "/ - '" &" - 8 &' 2554 *+E( # 9=& " 8 " D 31 > -# 2556 #*

' " % "/ - '" &" / > 11 ,+ & "/ - '" &" ! E B DG #( =& #*

# -> # F ' ( *+% & ' & ,+ -> # F % & ' " # 9 -/ ' / , &

( &#* " B #*

' " % "/ - '" &" & *8 + "# 1

L - * + #G " & ESSO03CA

2 3 4 5 6 7 8 9 10 11

ESSO03CB PTT03CA PTTG03CA STA03CA THAI03CA ESSO03CC ADVA03CA JAS03CA SCC03CA PTT03CB

# & # ( ESSO ESSO PTT PTTGC STA THAI ESSO ADVANC JAS SCC PTT

# D % # 6/9/2554 04/04/2555 05/04/2555 11/06/2555 12/06/2555 13/06/2555 18/02/2556 19/02/2556 20/02/2556 2102/2556 22/02/2556

# D % # "& 23/2/2555 07/12/2555 07/12/2555 07/12/2555 07/12/2555 08/03/2556 03/12/2556 03/12/2556 03/12/2556 03/12/2557 03/12/2557

# + " 29/2/2555 14/12/2555 14/12/2555 14/12/2555 14/12/2555 14/03/2556 11/12/2556 11/12/2556 11/12/2556 11/12/2557 11/12/2557

C # $- $- # * + #G " & # ( EF & -> # "*+ & H 2 O ' ( -> # "*+ &% & "/ - '" &" ' -> # "*+ &% &EF "/ - '" &" <=+&#* * & *8 1.1 $- * + #G " & # ( EF & -> # "*+ & & "/ - '" &" #* D -> # "*+ & & *8 1.1.1 Market Risk $- & " * + #G " & # ( - % & "/ - '" &" #* *+ ' &%= 8 & ( & > :> 8& >( &> ,

$(>& *+EF & 9, - & "/ - '" &" & ( > F( & 8 -> # "*+ & & - "(&E EF & % "F&" ( / > & & 8& # *+ <,8 , 9, - & "/ - '" &" -> # "*+ & & - O & *8 (1) "&- ' % &

"&- ' % &

<,8 , % # % &EF & <=+& "(&E ( - "/ - '" & " #* >%=8 , & ( & > :> Annual Report 2013

(2) - f q* Black&Scholeâ&#x20AC;&#x2122;s Model ' / & Black&Scholeâ&#x20AC;&#x2122;s >' , O *+ "(&E ( - "/ - '" &" ' ( - - & & (Underlying Asset) - - $ " (Exercise Price) - -& , % & "/ - '" &" (Maturity) , #

- -> #E E> % & - & & (Volatility) -

*8 (Interest Rate) - & O E % & & & (Dividend Yield) <=+&E % &' ( O " # 9" # & ( & & *8 C #

- 7% / "

CALL DW

PUT DW

- $ "

- & &

-> #E E> % & & &

-& , % & DW

& O E % & & &

( & : # O & ( >% & #* E ( - "/ - '" &" ' ( & ' ' ( O & #* E ' ( & #$ , B % & "/ - '" &" & 8 EF & -> )= ' / -> # % 9=&-> # "*+ & *+ & , 9, - & "/ - '" &" % #F "/ - '" &" ' ( ( (' 69-DW- J ( ) ( " & 3) " "/ - '" &" , EF

"/ - '" &" #* " "/ - '" &" & & B #,+ #* D & ( *8 - #,+ <=+&9F / ! & &#* " #( ' (EF 9, # , #,+ #* +# - #,+ #* ' , ># - #,+ #* ( O E - #,+ #* D ,+ # *+ > % / " % & "/ - '" &" 8& *8> * " "/ - '" &" ! #% / " % & "/ - '" &" 8 H # *+ > ' 69-DW-% #F J ( ,+ #*-> # # "# ' "9 D ( &H *+ *+ >% & 4) 9F & , <, 8 % "/ - '" &" , & & EF & #(" # 9<,8 % "/ - '" &" #,+ #* 9F & <,8 % , "(&-/ " +&<,8 % ( %=8 Suspension â&#x20AC;&#x201C; SP , Halt - H % & & &) , D *+ #( - - #% 1.5

Annual Report 2013

1.2

Liquidity Risk $- " # 9=& "B - ( &% & <,8 % "/ - '" &" ' "B - ( & <,8 % % & & & *+ #* #( * &

$(>& > > =+& , "/ - '" &" #*"B - ( & #( * & , EF F' "B - ( & #(" # 9 M *+ ,+ & % > , % % & # > ' '" & % #F & 8 EF & -> )= 9=& q * &,+ % ' % /

% &EF F' "B - ( & (Market Maker) ( & 1.3

Credit Risk $- " 42 * + #G " & # ( -> # "*+ & & ( > ! % &EF

"/ - '" &"

-> # ( $,+ 9, " 8& / *+ -> # ( $,+ 9, ( BBB-/stable <=+& ! - D"# "(> =+&% &EF

"/ - '" &" # DG % &"/ & -D # / ' 8& *8EF & " # 9)= % #F +# # ' 69-DW-% #F "(> â&#x20AC;&#x153;(4) % #F

-> # ( $,+ 9, â&#x20AC;? ' â&#x20AC;&#x153;(10) L & ' E / & â&#x20AC;? ! 1.4

$- * L+ EF & #*-> # "*+ & D % % & $/ - ' "(&# <=+& D & ( > # 9=& D *+ F( , -> - #% &EF

"/ - '" &" ' #( -> #E % &EF

"/ - '" &" <=+& / EF

"/ - '" &" #(" # 9$/ - , "(&# EF 9, "/ - '" &" *+ $ " <=+& >#9=&' ( #( /

J D & ( *8 1) "&- # , ) , ( & ) , ,+ *+#*E / #(" # 9<,8 % "/ - '" &"

, & & # 2) " +& <,8 % & & #(>( > H 3) #*% / # q # , -/ " +&% & (> & *+ *+ >% & *+#*E ( <,8 % "/ - '" &" ' / , *+#*E ( <,8 % & & / #(" # 9 - & & 8& *8 #,+ D % % & $/ - ' "(&# EF 9, "/ - '" &" $/ - ! & " "(> ( &" (9 #*) ' $/ - ( $ & 8 EF & -> )= *

& ( > % / " ( & *

1.5

$- / E(&$-3 " " D ( *8 ' ( % % &% & <,8 % "(> & B #$ "B > -> # ' & & #, &

D ( &H *+"(&E ( <,8 % / #(" # 9"(&-/ " +&<,8 % , -> # ( $ "(&-/ " +& , $/ - , D <=+& ! ( & & , ( % % & ,+ #*E EF & % & "/ - '" &" D H *+ ( E $( >&> - /

/ #(" # 9 $ - & & > *+ / > % / "

& 8 & &)= &,+ % / - & & % / " % & "/ - '" &" 8 ( & *

1.6

$- &$- $- # ,#& ( ,#&&$- 2 + "* ! # & # ( ) D* *+ "/ - '" &" & & D *+ / & & <=+&"(&E "/ - '" &"

#* *+ ' & - $ " - $ " > - /

' / , &,+ % *+ *+ >% & D & ( >% & ' ( 1) ( & O E 2) ( O E Annual Report 2013

3) -> ># 4) ' (& , ># 5) " #( ' (EF 9, #% & *+ ! & & 6) 9F & , <,8 % & & ,+ & D *+ #( - D (>& 7) 9 & &

! * 8) $/ $*% & *+9F / ! & & D % 1,2,3 ' 4 "(& EF

"/ - '" &" & " "/ - '" &" & ( > * " F( % / " % & "/ - '" &" ' ( ( D % 5 D & ( >#*E EF & #(" # 9<,8 % "/ - '" &" & ( > > D % 6 D & ( > ( > - /

% & "/ - '" &" "(&E *+ ,

% & "/ - '" &" & ( & > :> ' "(&E - % & "/ - '" &" > & ( & > :> $( D % 7 $/ $*% & *+9F / ! & & , 9F ) " +& , : % "/ - '" &" 8 9F # "(&E "/ - '" &" #*-( ! )F , -( * EF & -> )= > * / & % &EF

"/ - '" &" #,+ D ( &H *+ *+ >% & ( & * <=+& *

& ( > 8& #

F( % / " % & "/ - '" &" ' ( ( 1.7

$- - _ "/ - '" &" ! "/ - '" &" $ #(#* Q " ! ( #(#* ) EF 9,

"/ - '" &" =& ! *8 / * > *8% & EF

"/ - '" &" B *8 #(#* *+#* $,+

F( $(>& *+ "/ - '" &" 8 H & #(-

( & : # & "/ - '" &" EF & #( " $ ( &H #, & & & $( " & O E " $ #

"* & *+ $ #" # % & & & ! & " "(> ( & $ " , $ " "/ - '" &" ( 9, ! *+ & -/ >DB * & 8 EF & =&#*B *+ & ,+ " $/ B * # *+ #" /

$- $- # * + #G " & # ( 2.1

& (* ) # $- (Hedging Strategy) Delta Neutral Hedge ( " % "/ - '" &" ' ( ( / + Ito Simulation # $ -/ >D$(>& - % & & & *+- >( ! - ' / E *+ # / D "/ - '" &" ' ( - $ "

% & "/ - '" &" ' ( ( ! $- " *L Dynamic Delta Hedging #,+ % "/ - '" &"

' > $ -> # "*+ & > * Dynamic Delta Neutral <=+& / -> # "*+ & & E E> % & - % 0 # *+" ( >-, - & &#* >%=8 , &' > "(&E "/ - '" &" B " <,8 (Call Warrant) , "/ - '" &" B " % (Put Warrant) #*' > # , ) & D *+ / "/ - '" &" #*"9 In-the-money

Annual Report 2013

-> # "*+ & <,8 , % & & (%=8 F( B % & "/ - '" &" ) " "(> *+ # "#<=+&" # 9-/ >D Delta Neutral <=+& ! "F -/ >D *+#* " B $ ( &' ( ' & & # " > ( & $( D* *+ / " % "/ - '" &" B " <,8 (Call Warrant) & &#* - "F&%=8 #*-> # "*+ & *+EF 9, "/ - '" &" #* $ " - =&-/ >D Delta ,+ # D & & *+ # "# *+ &<,8 ,+ -> # "*+ & D - & & 8 H ( & : # & & % # - & &#* & / % # / > *+-/ >D Delta

( & : * ,+ #*-> # "*+ & +/ *+" $ -> # "*+ &'

> (Real time) <=+& / &<,8 , % & & ,+ "

- & -> # "*+ &

> "(&E #*-> # "*+ & -> #E E> % & - & & +/ 2.2 $- ,#&

"/ - '" &" #* (> & *+ *+ >% & <=+& > 1) -D # 2) -D # -> # "*+ & 3) QR Equity Derivatives Warrants 4) QR M 5) QR $*' & 6) QR -> # "*+ & 7) QR / ' > " B 8& *8 ' ( QR #* / & *+ ' -> # E $ & *8 1) -D # #* *+ / ' % %

"/ - '" &" -> # "*+ & & "/ - '" &" ' >& & / # "/ - '" &" 2) -D # -> # "*+ & / *+ -> # : $ -> # "*+ & / " -D # ,+ D # > ' /

' > & & -> # "*+ & >#9=& D -> # # "#% & & -> # "*+ &% & *+ *+ >% & # "/ - '" &" 3) QR Equity Derivative Warrants / *+ F' E $ - - ' I E B DG B #(H ,+ "

- & -> # & % & F - / *+ " <,8 % "/ - '" &" Direct Listing "B - ( & ' -> # "*+ & *+ %=8 / # "/ - '" &" B -> # "*+ &% & 4) QR M / *+ E $ *+ > , <,8 % "/ - '" &" & & " & )F Q #,+ - /

% & "/ - '" &" ,+

/ *+ > $ " ' $/ - EF 9, "/ - '" & " 5) QR $*' & / *+ & >& & ' = $* / # "/ - '" &" B *+ / >

Annual Report 2013

6) QR -> # "*+ & / *+ # -> # "*+ &' -/ >DE % & NCR ( " % "/ - '" &" / F' ' # M & % &QR Equity Derivative Warrants F(B -> # "*+ & *+ / ' & -> # "*+ &"/ # "/ - '" &" ( -D # -> # "*+ & 7) QR / ' > " B / *+ / F' QR & ( &H *+ *+ >% & # "/ - '" &" ! # *+ q # ' *+ / & ( -D # > " >#9=&EF "F&% & ' ! *+ = ,+ & q * *+ *+ >% & 2.3 "2 - * * + #G " & # ( D % / - $4 * "+ b 3 ! 3 / Ef(&$- $- #* F' "B - ( & # / & & & "B - ( &" (NCR) # DG *+ &"/ & . . . / 8& *8 #* > ' > " # *+ *+ >% & ( &"#+/ "# ># 8&QR -> # "*+ & / NCR Simulation ,+ # # 8 H "(&E $ & ( NCR % & ( &#* "/ -

Annual Report 2013

+ ( )

25,000,000

60,000,000

50,000,000

25,000,000

20,000,000

#G # ,E(

ESSO03CA

ESSO03CB

PTT03CA

PTTG03CA

STA03CA

THAI03CA

ESSO03CC

ADVA03CA

JAS03CA

SCC03CA

PTT03CB 290.666

373.259

5.776

180.414

9.302

22.00

14.90

57.142

323.119

12.844

10.70

*L & /

1.20

1.00

Annual Report 2013

0.01299 (76.98229:1)

0.01027 (97.37098:1)

0.25321 (3.94929:1)

0.01392 (71.83908:1)

0.12565 (7.95862:1)

0.05 (20:1)

0.10 (10:1)

1.00

0.00508 (196.85039:1) 0.02538 (39.40110:1)

1.00

0.10043 (9.95690:1)

0.25 (4:1)

#/ *L & (DW:Ul)

3. #/ * + #G " & # ( D > *+ 31 > -# 2556

' " % "/ - '" &" ' > ( & *8

22/02/2556

21/02/2556

20/02/2556

19/02/2556

18/02/2556

13/06/2555

12/06/2555

11/06/2555

05/04/2555

04/04/2555

06/09/2554

# * + #G " & # (

03/12/2557

03/12/2556

08/03/2555

07/12/2555

23/02/2555

# D % "&

11/12/2557

11/12/2556

14/03/2556

14/12/2555

29/02/2555

# "

PTT

SCC

JAS

ADVANC

ESSO

THAI

STA

PTTGC

PTT

ESSO

# & # (

Call

4. #" & 4 L ( * + #G " & # ( ,+ & #* ' / *+ ,+ # *+ $( / *+ ! *+ = & & ' / & & % & ' *+ *+ >% & ! EF / ( >#9=& #*% #F B <=+& ( -> #% ' & &E $

"/ - '" &" 8& & &' & # & 8 ,+ ! N & -> #% ' & &E $ =&#*# / -> - #B ,+ $ > " ' $ ! DG N & $ % #F B <=+& "( & E ( - <,8 % , ( -> #% ' & &E $ & *8 1) ' QR & *+ /

"/ - '" &"

(> & ,+ % & 2) / N & (>& F % #F B (Chinese Wall) ' ( QR & : % #F B % &QR & *+QR ,+ *+ #( *+ >% & #(" # 9 % 9=&% #F B & ( > ) 3) & #* K E "(> "* #(>( & & , & #% & -> # , & > "/ - '" &" ' & & > (9 #*) 4) / #* compliance manual ,+ $ ! ' > & N & -> #% ' & &E $ $( ,+ & D <,8 % % & & %=8 watch / restricted list ! 5) QR / ' > " B ! EF / F ' ,+ &-> #% ' & &E $ #'E > " *+ # -D # > " % &

Annual Report 2013

2 $- # # & # ( 1. " <( ( ) ) / (# $ ) : ESSO $,+ (

: & + K * # ' / ( E B DG K * #' - >& ># 8& B E ' / ( E B DG # " ' -#*B DG ,+ H : 0107539000073 % * * 17,110,007,246.71 > " # / > 3,467,916,666 #F -( > 4.9338 ( $/ ' > 17,075,181,200.40 > " # / > 3,460,858,000 #F -( > 4.9338 ( : % *+ 3195/17-29 9 # 4 '%>&- & % - & & # - 10110 *+ 8&"/ & ( : 02 262-4000 ) : 02 262-4800 " : www.esso.co.th >: < 'E & " # ) E-mail % #F 8& #

& &

: : :

02 262-4788 essoIR@exxonmobil.com www.set.or.th #' '" & % #F / (' 56-1) / 2555

2. . / (# $ ) $,+ (

: PTT % * : 0107544000108 B : K * # / ,+ *+ *+ > ,+ & , " " K * # ># 8& (># & *+ / *+ > ,+ & K * # *+ 8&"/ & ( : 555 9 > B > * &" '%>& % & # - 10900 ) 0-2537-2000 " 0-2537-3498-9 www.pttplc.com * : 28,572,457,250 > " # 2,857,245,725 #F -( 10 (D > *+ 31 > -# 2555) *+

' $/ :##F -( : 28,562,996,250 > " # 2,856,299,625 #F -( 10 (D > *+ 31 > -# 2555) % #F 8& #

& & : www.set.or.th #' '" & % #F / (' 56-1) / 2555

Annual Report 2013

3. * * * -# - / (# $ ) $,+ (

: PTTGC % * : 0107554000267 B : K -#*' + - >& *+ 8&"/ & ( : % *+ 555/1 )F *+- # : < - $ 8 14-18 9 > B > * &" '%>& % & 10900 ) 0-2265-8400 " 0-2265-8500 www.pttgcgroup.com * : D > *+ 31 > -# 2555 #* * ( 45,129,302,690 > " # / > 8&" 8 4,512,930,269 #F -( *+ > 10 * ' (& ! 2 "(> -,

1. / > $/ ' >-, 45,088,491,170 ' (&

! " # *+ / ( ' > 8& # 4,508,849,117 #F -( *+ > 10 2. / > *+ &# $/ -, 40,811,520 ' (&

! " # *+ &# $/ 8& # / > 4,081,152 #F -( *+ > 10 % #F 8& #

& &

: www.set.or.th #' '" & % #F / (' 56-1) / 2555 4. ) * &' " * / (# $ ) $,+ (

: STAâ&#x20AC;? % * : 0107536001656

E ' "(&

&'E( #-> &' (& ' 8/ &%

"9 *+ 8&"/ & (

% *+ 10 < 10 9 $ # / ( / B ( & > "&% 90110 ) ) 0-7434-4663 ( # 14 % # ) " 0-7434-4676, 0-7434-4677, 0-7423-7423

>: <

http://www.sritranggroup.com

' $/ :##F -(

% #F 8& #

& &

1,280,000,000 > " # 1,280,000,000 #F -( > 1 ( 1,280,000,000 > " # 1,280,000,000 #F -( > 1 ( www.set.or.th #' '" & % #F / (' 56-1) / 2555

Annual Report 2013

5. / (# $ ) $,+ (

: % * : B : *+ 8&"/ & ( :

' $/ :##F -(

% #F 8& #

& &

THAI 0107537001757 % "(& & )' ,+ *+ *+ >% & 89 9 > B > * &" '%>& # % & # - 10900 ) 0-2545-1000, 0-2595-1000 " 0-2513-0203 www.thaiairways.com : 26,989,009,500 > " # 2,698,900,950 #F -( > 10 ( (D > *+ 31 > -# 2555) ; 21,827,719,170 > " # 2,182,771,917 #F -( > 10 ( (D > *+ 31 > -# 2555) : www.set.or.th #' '" & % #F / (' 56-1) / 2555

6. '

> < ; < > " / (# $ ) $,+ (

: ADVANC % * : # . 0107535000265 B : - ) - ,+ *+ ( -> #9*+ 900 # Â? < GSM (Global System for Mobile Communication) - ) - ,+ *+ ( -> #9*+ 1800 # Â? < GSM 1800 - ) - ,+ *+ ( -> #9*+ 2.1 Â? < UMTS (Universal Mobile Telecommunications System) - / % ' / ( D ) - ,+ *+ - ",+ " % #F E( " ) ' " Optical Fiber - $/ " - ' E( ) - ,+ *+ - / ( ' & "

- )F % #F & ) - ) >( & ) - -# -# ' - &%( -# -# ! *+ 8&"/ & ( : 414 9 '%>&" # " % & # - 10400 ) (66) 2299 6000 " (66) 2299 5165 http://www.ais.co.th * : 4,997,459,800 *+

' $/ :##F -( ; 2,973,095,330 % #F 8& #

& & : www.set.or.th #' '" & % #F / (' 56-1) / 2555

Annual Report 2013

7. "# $ + ' / (# $ ) $,+ (

: JAS % * : 0107537000106 B : - *" " )' ",+ " *+ 8&"/ & ( : 200 $ 8 29-30 #F( 4 9 ' &> I / : / B : & >

* 11120 ) (66) 0 2100 3000 " (66) 0 2100 3150-2 www.jasmine.com * : 3,568,697,189 > " # 7,137,394,378 #F -( > 0.50 ( *+

' $/ :##F -( ; 3,568,697,189 > " # 7,137,394,378 #F -( > 0.50 ( % #F 8& #

& & : www.set.or.th #' '" & % #F / (' 56-1) / 2555 8. F < # / (# $ ) $,+ (

: % * : B : *+ 8&"/ & ( :

* *+

' $/ :##F -( % #F 8& #

& &

SCC 0107537000114 Holding Company % *+ 1 9 F < # '%>& &<,+ % &<,+ & 10800 ) 02586-3333, 0-2586-4444 " 0-2586-2974 www.scg.co.th : 1,600 ; 1,200 > " # 1,200 : www.set.or.th #' '" & % #F / (' 56-1) / 2555

2.1.3 # & # ( #* & 8& B " ' " *8 #*> 9 "&- ,+ - " 8 ' ,+

& > #*-D # & / *+ / ' > & DG ' * M *+ > & *+ $ <=+& & ' ( B #* / >& & ' 'E & ! / 2.1.4

&$- 7 , & -/ ' / ' ( F - & *+ > 9, ! "( > =+ &% & # <,8 % ' ( -/ ' / & ( > -( # * # , #*-( ' >#9=& -/ ' / ( " D$ *+# $( F - 9, ! B ! *+ = & 2554 #* / ! *+ = & & >#B & % & & :# ;<* / (# $ )

Annual Report 2013

2.1.5

&$- 7 , & #* % & ' ( F - #* " B # +&%=8 8&' ( , > -# 2549 ! # 8&" & > D $ ,+ " &-> # & *+ % & F - > ! *+ = & & (> & & ( > % ! "# $ $# #> D $ #,+ > *+ 23 # -# 2550 ' -> # : $ ! *+ = & & "/ & . . . 8&' (> *+ 21 #* -# 2555 9=&> *+ 20 #* -# 2560 O #* *#> D $ *+#* -> #" # 9 #* " D *+- - #& > $ 8& # ' # *+ ' ( F - 8&' (% : % & 9=&% ( -> #"/ - ' -> #" # *+ * F - ( &"#+/ "# # 8& -/ ' /

( &#,

$* "

- & > 9 "&- ' ( $ "F& " ( F - <=+ & % % % && *+ = & & > ! *+ = / % * ! *+ =

" *8' " E( & ' ! *+ = -> ># ! *+ = # #F -( & - &" & ' - &" & & & ! *+ = EF (># ! *+ = & & " -> # : ( &H & > D $ ,+ H $( ! *+ = - &" & *8 ! 2.1.6

#" + # & # ( *+ & & % & " # 9 " &-> # & % & F - ( &- 9 > ' #* " B # +&%=8 =& % B / ( <=+&

& ( > #,+ > *+ 19 f) 2551 "(&E O " # 9 & > D $ F - ( &- >& # +&%=8 *+ #* ' > " ) ! $ 8 / #* *+" # 9 " &-> # & -> # & % & F - & *+ = & & ' / ( &= ! *+"/ - * =+& * + #*-> # 8& *+ * *+" ,+ " &-> # =& "F&" ' ( F - / #*L F - *+ > &%> &# %=8 ' " # 9" & % & +#%=8 <=+& *+" : / # <=+&E ' * + * ( EF 9, % & ( 2.1.7

* # & # ( # "/ & . . . " # 9 # , #' , # #,+ > *+ 12 q -# 2553 ' +# / # ( & ! & 2555 F - % & " # 9 *+ / *+

B # ,# 8& Port & F - *+ / # ,# #* -( # * # ,# "(> % & F - *+ / % ,# & ( -( # * # ,# / # ,#' ,# & *8 1. ,# F - ,+ F - / % $ & ( > & ! *+ % $ <=+& O ! SET100 ' ETF 2. O % $ " # 9 / E( $*Cash ( 8 - " # 9 / % $ +# $* Cash Balance ' Credit Balance 3. EF ,# "* -( # * # ,# EF ,# -( # * # ,# 4. " $ 9, *+ / # ,# &-& ! % &EF ,# Annual Report 2013

-> #"/ - ' " " F - $ ,# ' ,# ,+ % $ <=+& ! +# & , & ' $ -> # "*+ & & J # *+"B > & #*-> #E E> ' #*-> ## + >( ! >' ,#' ,# ! *+" # 9" & 8& & &' & # # D <,8 % *+ +## %=8 - ( & : # &# (&# + I ' / 'E & ,+ % L & ' I ' # ,#' ,# ,+

/ > -> #" > F - # +&%=8 / 'E & "/ 2557 & *8 1. I SBL ,+ $*<,8 % B $* Cash Balance ' Credit Balance ,+ ! +# & , & ' ( F - % & 2. % L F - 8& "9 ' ( *+#*' > #" ,#' ,# # +&%=8 $( TSD 3. I E B DG *+ *+ >% & $ SBL ,+ ! & , & % & F - $( Derivative Warrants 2.1.8

/# & D % & #* <,8 % (> & (Investment Unit) , & ># (Mutual Fund) % & & $ 8 / % & ) ,+ " & & ' - >& % &EF & #* *+ *+#*- > # F ' -> # $*+ >$ " # 9 -/ = & (> & > ># & # >( 200 & ,+ EF & " # 9 , " & "

- & > 9 "&- & > - B $(

# & ,+ " &E ' *+"#+/ "# > &'E B * ,+ $ ( &B * , & ,+ " &#F -( +# - ! O & *+ ! >' " " % ' <,8 -, (> & > 1. & & / (# $ ) 2. & D $ /

3. & > D /

4. & ' " < " /

5. & ;K /

6. & : * ( ) ) /

7. & * /

8. & :# ;<* / (# $ ) 9. & &) * /

10. & < " /

11. & ;K <( /

12. & ' ' Â? " /

8 & F( >( & % ! >' <,8 % (> & % & &

,+ H ,+ +# & , & ' ,+ *+ * *+" ' ( F - ( 2.1.9

,#& - ,#&6 - #(#* â&#x20AC;&#x201C;

Annual Report 2013

2.2

/ " # 2556 *+E( # & -( % &-= - '# $ * #*-> #E E> "F& ' (-> #" % & & #* *+ ' > & & ( &$ 8& *8 $(>& # "' $ * &-& >"F&%=8 & , & & 8 #,+ ) & +# *+ & =& ' > & & ! - , *+#*% : & J ( & +& & *+ +& % * -> #" ! ( &# *8 " B Derivative Warrants -> # #"F&# $( <=+& / '%(&%

" - ! ( &-= - 8& *8 *+

* % / <,8 % 2556 #* "F& 9=& 38 ( ># & ># " & # ) %D *+ B Derivative Warrants #,+ 9=& # " *+ 4 #*# >( 450 ' # D <,8 % (&"F&%=8 "F( 237,867 69,019 , - ! +#%=8 245 2555 "/ #* ' > & ) & * > B ># & #*

" - 8&" & B #* *+ % * ' ( AKP, AUCT ' FVC "(> Derivative Warrants *#*

% ' ( PTT03CB ' SCC03CA 2557 - >( & &-&#*-> #-= - ' #* >*+ & ># ,+ & O #, & ) &#*E

( & %D *+B > ) L ' " L # #* ) & *+ *%=8 $(> " # ! O > (

& - >( & -> #"/ - & " # %=8 & 8 =& ! " - *+- >( #* '%(&% "F& ( $%&' ( )

!" #

"#L $/ " # & # (3& K " 8 2556 *+ 1,298.71

& D " 8 2555 6.70 -( "F&" % & $ * 1,649.77

-( +/ " % & $ * 1,260.26

B > 2556 ! *+#*-> #E E> "F&# =+& 8& *8 ,+ & $ * " # 9 >%=8 "F&" 19 9=& 1,649.77 8 =& > & ( & ' & ( ,+ & 8&' ( # " *+ 2 ( ,+ & " 8 2556 $(>&- =+&' % & 2556 $ * O > -> # $,+ # + ) L % & ) *+ 8& N #( >( 4.5 * 8& L ) - & ( " & " DF B-% ( *+#*#F -( 2.2 #: & & % & ( &$ &-& % BF# B - $* ,+ & "B - ( & *+#* F("F& #,+ " L &-&# ) L *+ * >( Quantitative Easing - 8& *+ 3 (QE3) O ( *8"(&E $ * >%=8 1,401.39 #,+ K 2556 9=& "F& " *+ 1,649.77 > *+ 21 f B -# 2556 & 8 9 '9 & % & - &" L ( ; ) *+"(&" D>( #* $ # ) L

#* # D & *+ " " <,8 " & & 8.5 #,+ * " L ( , / & ( &$ -> # &> >( ) L " L "F(B > 9 9 ># 8& #* # D #: & # QE3 / "B - ( & & =& / %

# +> ,+ 8/ 9, - &" "*+ & % *8"(&E $ *

> & 8&' (> *+ 22 f B -# 2556 ' K # " *+ 2 *+ 1451.90 & 197.8 "F&"

"/ - =+&' % & 2556 <,8 % #* # D<,8 % J *+ ( > *+ 58,467 Annual Report 2013

- =+& &% & 2556 E -> # &> *+ - &" L % # QE3 "(&E +> " B > E E> ' :#

-> #E E> % *8 $ * > & * 8&' ( K # " *+ 3 ' K # " *+ 3 *+ 1,383.16 , & K - =+& ' 9=& 68.74 ( & : # $ * +# # ;Â&#x2022;Â&#x2013; > 8&' ( # " *+ 4 #,+ +> ;Â&#x2022;Â&#x2013; > ,+ & O % QE +#<=#< -> # &> - > & SET >"F&%=8 1,485.67 ' & > , 1,400

( & ( ,+ & ' ' > O & #, & : #

E E> ( & * - 8& =+& "> & *+ &-& " &"9 "F&" #( SET > & 8&' (> *+ 21 -# 2556 #,+ L / "# $ "B EF ' L ' "# $ > I "B E( ( & $ # (",+ * >( . . . &E ' " < ) -> #% ' & -QR - ' (# $ $ / > # % & *+ : >( L $ / "* &% &# E( . . . & ( > ( & - , '- & ! ( % > >& ( & > &%> & (# ( &H +> )<=+&9, ! M D *+ #( - %=8 # ( % & > ) " #, & ' ! $ > " , " D & > - $ O

! "# $ "B EF ' q ' "# $ - $ O ,+

# - ,+ > & #, & ( & :# > #* 8& > * >& $ / % & L ># 8&% ( L# * K "9 *+ $ ' * & #* M F #, & $ $> $ $ +> )

# '" & & #"9 *+ ( &H - ,+ > & #, &% & " , " D' $ $ " % $* >+ ) " # 9

L# * #9 . . . # " >( #( / # % # "B EF ' q ( *8' &

#> $ $ *+

# % > & % &",+ ( &H # >( ># > % & $ $ #* # D# ! - *+

# % > ( L ' > &% &' / -, " , " D *+ 8& (# - ,+ > $ $,+ >( ".(-D # $ $ ,+

*+ ' & ) ! $ *+"# F D #* # ! # %) ' * ># > % & $ $ >( ! â&#x20AC;&#x153;#> # $ $ â&#x20AC;? &

L# * ) "B EF ' q > *+ 9 > -# 2556 ' / > , 8& ! 2 #B 2557 "9 D & #, & $ # #% & (# ( &H &-& / ( & % #%

" 8 # " *+ 4

$ * > & ( ,+ & K *+ 1,298.71 <=+& ! , +/ " % & 2556

Annual Report 2013

"& $ * 2556 #* % * <,8 % / > 38 +#%=8 # >( 2555 *+#* % * 24

2556 8 #F -( >#% & IPO F( *+ # D 3.4 '" / "9 "F&" 8&' ( K

/ ' #* & - &" & ,8 L BTSGIF ! IPO ( *+" BF# B - <* *8 2556

" -> #"/ :

( ! =+& <* ,+ & *+"/ - & *8 1. #F -( <,8 % J *+ ( > +# ! # D 5.1 #,+ ( , # D 1.6 * " L) "F& *+"

BF# B - <* ' "F&" ! > D 2. #F -( >#% & IPO F( *+ # D 3.4 '" / "9 "F&" 8&' ( K

/ ' #* & - &" & ,8 L BTSGIF ! IPO ( *+" BF# B - <* 3. MSCI +# 5 -/ >D $ *% & MSCI Global Standard Indices <=+& ! +# / > *+# *+" $* 4. #* 3 * ! &- $ * Dow Jones Sustainability Index (DJSI) # *+" <* ' 5. * &#*- ' ASEAN CG Scorecard "F&" BF# B - * > 4 "+ , #& "& $ 9 , 2556 * + & >( #* / >#" 608,669 +#%=8 7.98 $(>& * > ( #*

% ># 8,024,417 +#%=8 4.27 8& *8 % #F E / & 9 , 2556 >( (# " # 3 ' 8 (# " # *+#* / "F&" ' ( & ' " & # ' ( " & "/ #> *+#* / "F&" 3 ' 27 #> ' ( && Annual Report 2013

' " DF B- - ' - *" " )' ",+ " 8& 3 #> #* / " ># 372,012 - ! 61.12 % & / " ># 8& # ' #*

% >#% & 8& 3 #> 4,391,753 - ! 54.73 % &

% ># 8& #

/ " 2 D % ( ) & : " * : 2555 # & / & (> : : 2546 2547 2548 2549 2550 2551 2552 2553 2554 2555 2556

# & # 20,238 6,236 (51,204) (12,757) 3,764 45,177 (2,303) (15,200) (29,149) (24,302) 108,163

#GL$ ,#& # & # ( (665) (3,146) (121) 1,084 (1,601) 924 1,388 (449) 1,307 7,256 (1,723)

# & / &' (24,609) 5,612 118,542 83,446 55,018 (162,346) 38,231 81,724 (5,119) 76,388 (193,911)

# & * &' 5,036 (8,702) (67,217) (71,772) (57,181) 116,246 (37,316) (66,075) 32,962 (59,342) 87,471

" # -# #B #* -# # f B -# # 9 q -# " & -# -# f) > -#

# & # 4,472 15,360 12,153 6,263 3,356 28,618 (10,325) 11,370 12,219 (2,326) 10,071 16,931

#GL$ ,#& # & # ( (1,710) (837) 659 415 (2,913) (2,548) 1,671 (5,546) 6,790 2,524 2,454 (2,680)

# & / &' 15,037 (17,387) 6,244 (19,839) (5,147) (55,492) 498 (39,939) 9,606 1,168 (48,075) (40,584)

# & * &' (17,799) 2,864 (19,056) 13,161 4,705 29,422 8,156 34,116 (28,615) (1,366) 35,550 26,333

108,163

(1,723)

(193,911)

87,471

#F -( <,8 % ( # & 2556 >( <,8 % " % &' ( (# & ( &#* ) & 2555 *+E( # ( # & ( & ) #*

% " "F & 9= & , 2 '" & ( #"9 #* #F -( <,8 % " !

<,8 " 108,163 & *+#*

% " #

8&' ( 2552 (# & ( & )#*

% " "F&9=& 193,911

<,8 " >( 7 #,+ 2555 "(> (# & )#*

<,8 " 87,471 # & # ( : 2557 "/ 2557 8& N +##F -( ># * #( (IPO) ># 2.1 '" ' #F -( # +# * 1.8 '" *8 &- >( # D<,8 % J *+ ( > " <,8

% (>& F( *+ 75,000 " ' +# / > $* <,8 % " * 15,000 $* %D *+ % EF & #( * 80,000 *8 'E & ( &H % & *+# (& % L & "F( BF# B - J (# ) GMS ' ( ) # F$ #( > ' >* # ,+ "

- & AEC 8 ( ! O " " #*' > & % % ' #* " ( ,+ & # * # '%(&% 2557 #* " *+ # (& % L ( & )# %=8 ' ( ( & : * O #, & *+ &-& , ,8

F( ( "(&E 2557 #*' > #< < & 2556 ! O *+#*E "/ - ( B - ) L ' & % & ) / % & (# & " B > '%(&% "F& "B > *+ & % -> # $,+ # + ' -> ## + & =& & (& # ( &H% & ,+ " # 9" & "' E ' " # 9 & *+ ' & *+ %=8 - Annual Report 2013

/ / /# &$- + #G GDP Growth(D - -& *+ 2531) Market Capitalization (Btm) Market Turnover(Btm) <,8 % J *+ ( > (SET)

$ * K (High)

$ * K (Low) P/E ( ( )

E ' & O E

2551 2.5% 3,568,223 3,919,874 15,870 884 384 7.01 6.57

2552 -2.3% 5,873,101 4,338,479 17,854 751 411 25.56 3.65

2553 7.8% 8,334,684 6,937,890 28,669 1,049 685 15.35 2.92

2554 0.1% 8,407,696 7,040,457 28,854 1,144 855 12.07 3.72

2555 6.5% 11,831,448 7,615,637 31,084 1,397 1,036 18.25 2.98

2556 2.8%(f) 11,496,765 11,777,210 48,070 1,643 1,275 14.60 3.24

Source: SET and CGS Note : Estimated figures and data at end of period

# ,E 2 - 7- &$- / " F - % & "( > ( ! ( # F - +> 8& - - # *+ ! - ' ( &$ "(> F - -- *+ ! "9 #* / > #(# # =+& & F - ( =+& , *+ (# (# =+& ! )

L - /# & D % # & # ( (Sub Brokers) &$- + #- D % # & # (4 ,#&6 - #(#* #" 2 * &' / &' 2556 #*" "(> F - )' ( & ) & *8 + 2 #" 2 +

$* & & % & F - ) F - ( & )

42 38,226 1282 39,550

+ #GG TFEX ( #GG )

0.11 96.65 3.24 100

320,358 577,995 1 898,354

2 D % + Equity % ( &)

35.66 64.34 0.00 100

127,989.47 1,063,339.48 8110.21 1,199,439.15

10.67 88.65 0.68 100

2.3 #" 4 / #Ef(

&$- & ' (& *+# % & & % & "(> (# & % & #" & * 2 &$- $- # 42 42 * G - #(#* -

Annual Report 2013

* "+ #/ & & # DG % &"/ & . . . *+ / & / & "(> & & "B - ( &" > # >( 7 % & *8" +> ' " *+ &> & ! D > *+ 31 > -# 2556 " # 9 / & "(> & ( >-

! 242.05

Annual Report 2013

3. C # $- $- 4# 4 2 D % # & # ( % & # -( <,8 % #* - > #" # & B > ) L -> # - ,+ >% & & ' # D <,8 % ' -> # $,+ # + % & & <=+& ! O *+

F( , -> - #% & 2553 2554 ' 2555 # D <,8 % J * + ( > #* / > ( 28,669 28,854 ' 31,084 # / %D *+ 2556 #* # D <,8 % J *+ ( > ( 48,070 +#%=8 2555 48.81 ,+ & 2556 O ( & H 8& O B )' B *+"(&E / #*-> #E E> "F& >( & SET index +#%=8 / "9 "F&" 20 *+ 1,643.43 ' #*#F -( <,8 % "F&" 8&' ( K / #* -( <,8 % 2554 2555 ' 2556 ! & 1,240 1,270 ' 1,696 # / -> #E E> % & ) L & ' %=8 > O <=+& F( , -> - #% & $( E O ) L 8& BF# B - # ' 8& & % &" L # ;Â&#x2022;Â&#x2013; >% & ) L " L # *+ R ' (# ) D -> # ' & 3 & > O & #, & ) <=+& D ( *8"(&E ( -> # $,+ # + % & & 8& )' ( & ) ' "(&E & ( # D <,8

% >#9=& # D # ' / % * ' "(&E & ( &#* "/ - ( / L & & ' E / & % &

( & : # ,+ ! & -> #E E> & ( > % L & ,+ H +#%=8 ,+ / #( =+& &

=+& $( *+ = & & / ( ' / ( ! >' " " % ' <,8 -, (> & ! >' <,8 % " <,8 % (>& ,#' , # (SBL) ! >' <,8 % ( & ) / ( "/ - '" &" (Derivative Warrants) ' & "(> -- (Private Fund) ! $- # * # & # ( ! *+#* # ! <,8 % <=+&%=8 F( # D<,8 % % & F - 8&' ( )% &"/ & . . . ' *+ > -( # * # <,8 % ' % 8

(Sliding Scale) 8&' (> *+ 1 # -# 2553 ! # & E$ '%(&% ( &H , '%(&%

-( # * #<,8 % % " % % &-F('%( & ,+ " &-> #" > " % & F - $ &"(> ' ( & *+ >*-> # ' & =& & / " - *+#*-> #" # 9# (>#& I & - *" " ) ' % L F - ' " & # D <,8 % * + +#%=8 ' ( #*> 9 "&- ,+ ( "F "B > '%(&%

( & : # 9=&B > '%(&% *+ ' & ' -( # * # <,8 % *+ & $ -( # * #' % 8 (Sliding Scale) =&#* *+ +# # D <,8 % % & F - ( &H % & 2556 # (& > - *+#*-> #" # 9 - *" " ) *+ "# # *+ " & F - ( & > :>' #* " B % L F - +# # D" % +#- DB & >

# -> # F *+

( &"#+/ "# ># 8& -> - #-( $ ( ( &H ,+ "

- & '%(&% & ( > - >( " # 9 & -> # "*+ & '%(&% % & K " * Annual Report 2013

$- 4 " #"L+ 2 D > *+ 31 > -# 2556 #* F *8 *+ & F / > 397.72 <=+& *8 *+#* O / > & ( > *8 #* 8&"/ &-( E,+ *8"&" "F & #F -( > - 9 > ' > %D * > #*

& F ,# ,+ <,8 / > 597.71 #* *+ -> # "*+ & E $/ - -( <,8 , E $/ > & % & F - B $* & F ,# ,+ <,8 ' F - B $*<,8 % " <,8 % (>& >#9=&-> # "*+ & *8"F -> #"/ - ( D - , F - ,+ F - *+#*- DB ' / >& & <,8 % ' >& & & " <,8 % (>& # "# #L & -> #" # 9 $/ *8 "B - ( & & & ' " D & % & F - * 8& &#* > "9 % & F - ' -> - # $ >& & ( & $ ># 8&-> - # F' " "(> % &#F -( ! # DG *+ /

( & - (&-

D* *+ F - E $/ & / #<,8 +# # >( #* $/ - -( <,8 - 9 > ' #*% 8 #' / (> & *+ E $ $/ - ' (># # $/ - % & F - <=+& $/ - #(" # 9 / B > *+ / ' & # #( E ' & "/ M # % & / #% 8 % & q # ( $- #GL$ 2 3 # ,#& - b 2 F - % & "(> ( ! (# F - +> 8& -- # -- ' "9 )' ( & ) D > *+ 31 > -# 2555 #* / > $* F - # D 22,040 $* ' D > *+ 31 > -# 2556 #* / > $* F - # D 25,060 $* ' 2556 #*" "(> - ( # D 86.28 *8 &#* > D $ <=+& $(> #*$( & & +#%=8 #( & =+& & <,8 % * & ( & * > * 8& &#* % L F - (

"F( (# N # #(H +## %=8 ,+ -> # "*+ & & ( > I *#& > - ' # (& I &",+ & > ' ",+

( &H ( &"#+/ "# " "

#" ## & +> ' I &- DB % & - *" " ) "# ' #* " B $ & &( ,+ & % % & 2556 #* % > % & / > F - *+<,8 % E( : % & +#%=8 2555 26 $- 7-

<,8 % ! *+ & ) - *+#*-> # F -> #$/ ! E '%(&% >( & *+ *+#*- D"# & ( > : >*-> # ' & +&%=8 J ( & +& "B > *+ ,8 ( & ' *+ 2556 *+ %=8 #( * 4 <=+& - *+#* " D ' -> #$/ #* F( / / ' (&$ & - " & ( &H 8& *8 #* - *+"/ - % & "(&E & ( -> # ( ,+ &% & / ' E / & % & ( & : # 9=& -> # "*+ & - & =&"(& " # #*"> " *+ *' -> #"/ - QÂ&#x2014; # ' ( & ,+ +# F -> # F -> #" # 9

Annual Report 2013

$- " & * # & # ( -> # "*+ & & -, -> # "*+ & *+ #( E ' % & & & # *+- D > 9=&-> # "*+ & & ( > =& 8& #*-D # & / *+ / ' > & DG ' * M *+ > & " ' " *+$ / " "(> & # ' -> - #-> # "* *+ -> # "*+ & #* / -> # "*+ & ' ( / E % *+ # (Stop Loss limit) ' #F -( & "F&" *+ # (Position Limit) & *+#* O ,8 L * #*-> # "*+ & +/ >#9=& *+ & "

- & B > D & % & ( &"#+/ "#

$- &+

#" + # # + # & # ( > D $ "(> / ( ' / ( #*-> # "*+ & D* *+ #(" # 9 / ( # # *+ / ( > <=+& & % -> ## + (

B > D & -> #E E> % & & ' , / ( / > ' - #( # "# / & *+ , % $* ' & E % B & & ( > +/ >( - *+ / ( > & 8 ,+ -> # "*+ & & ( > / > - % #F ,8 & % & EF

' -> #" % &EF & ( & ( > ( & # > & 8& *8 #* 8&-D #

/ ( (Underwriting Committee) ,+ / *+ D ' # / # / ( ' / ( & ( > $- * 2 - D % # & # ( #*-> # "*+ & F ,# & ,+ <,8 D* *+#F -( % & & +/ >(

*8 *+#* F( ' F - E $/ <=+& 9=& : & ( > =& / F - $* Credit Balance & / & " "(> % & *

*8 (Maintenance Margin) ! # &,+ %% & (> & / F' ' 8& *8 " "(> & ( > & +/ >( *+ / #*% 8 Call Margin, Intraday Force Margin ' Force Margin # /

( & : # - #* - ,+ > ' & #*E / " "(> % & *

*8 (Maintenance Margin) & ( & > :> =&#* -> # "*+ & - , ' / % 8 (Initial Margin) % & $* Credit Balance ( & - -/ =&9=&-> # "*+ &% & ' F - ! *8 & / F ,# & ,+ <,8 8&' ' >& & >#% & ,+ ! -> - #-> # "*+ & *+ # * > +#%=8 % & # D<,8 % /

F *8 & F ,# ,+ <,8 +#"F&%=8 ( & ( ,+ & D > *+ 31 > -# 2554 2555 ' 2556 #*#F -( ( 514.59 1,271.64 ' 597.71 # /

Annual Report 2013

4 & &$- " / E(x x - > #"/ - -> # "*+ &' -> # "* *+ %=8 "/ & " % ' EF $ #* > &'E N & B ## L -> #

B ' #* / B <=+&- #- &-> # "*

B ( &H ># 8&B #$ ( & ( ,+ &#

O #*>& & - #- & ># >( 335 8& *8 $(>& *+ D J J

B 2554 *+E( # "/ & " % &' (& *+ 8& F( ,8 *+ *+ E B #(" # 9 K =& / #'E "/ &J J (Business Continuity Plan) *+ / > =& / &-&" # 9 ' ( F - ( & ( ,+ &'# #*-> # "*+ & O B *+ / / & $ &

Annual Report 2013

4. & # ( &$*- L * 4.1 & # (

4.1.1 & # ( ,#&6 D > *+ 31 > -# 2556 #*" *+ $ & *8 &/ # ,E & # (

# ,E

& z

2 / #GL$ ( &)

42 #

! % &

11,820,502

- #(#* -

8& F( % *+ 500/1-3 9 " # * / " Â&#x2DC; / B #, & & > / & 52100

! % &

9,655,181

- #(#* -

8& F( % *+ 228/28 - 30 9 # 9 / #, & / B #, & & > D 65000

- 8& F( % *+ 50/147 - 155 - Â? < <( ' - $ 8 4 9 > ' > / $ & E, / B #, & & > $* & #( 50300

! % &

12,227,916

- #(#* -

! % &

- #(#* -

"(> & - - ,+ & ' (& ' D "/ &

! % &

149,783,233

- #(#* -

! % &

- #(#* -

- " $( &

EF - - &

2,238,987

896,708

> E( $/ -& , 1 10 , - #(#* -

*+ ' " +& F " & 8& F( % *+ 154/14 - 16 9 && / ( / B #, & & > BF : 83000

"(> & - >( & ( " &

Annual Report 2013

*8 / " $( - ,+ $ ! *+ 8&"/ & (' "/ & " % &#* * % &" $( & *8 + # * G + #

% *+ 132 ( - " 1) $ 8 2, 3 ' 9 9 > '%>& # * % #> & 10330 $ 8 2 2 1 , $ 8 3 2 1 , $ 8 9 2 1 ,

% *+ 1693 - <: <( " % > $ 8 11 9 '%>& > % & 10900

42 # - $ 8 2 9 " ( - /

9F = & 5,088,000 - $ 8 3 9 " ( - / 9F = & 753,600 - $ 8 9 9 " ( - / 9F = & 1,954,800

2 9 ,

9 " ( - / 9F = & 184,963.68

% *+ 275 -

# " % &'- $ 8 6 9 $ # '%>& &'- , % &'- & 10160

9 " ( - / 9F = & 330,786

% *+ 30/39 - 50 -

# " % & #>&) > $ 8 12 9 & #>&) > / & % / B #, & & > * 11000

1 4 ,

9 " ( - / 9F = & 335,540

% *+ 1293 - - ;F " % "/ & $ 8 2 #F( 4 9 " % #> / / B #, & & > "# 10270

2 10 ,

9 " ( - / 9F = & 218,820

3 ,

9 " ( - / 9F = & 155,294.10

1 8 ,

9 " ( - / 9F = & 215,176.50

% *+ 191 - "* #- # : < $ 8 19 & C 9 "* # '%>&"* # % & & 10500

1 8 ,

" $( ( - / & $/ -( $( - "

% *+ 191 - "* #- # : < $ 8 14 & A 9 "* # '%>&"* # % & & 10500

1 8 ,

" $( ( - / & $/ -( $( - "

% *+ 191 - "* #- # : < $ 8 12 & D 9 "* # '%>&"* # % & & 10500

1 9 ,

" $( ( - / & $/ -( $( - "

% *+ 7/129 - 221 & % *+ 2604A - "/ & )F - <: <( KÂ&#x2122; $ 8 6 9 # $$ * '%>& D # % & & 10700 408/59 - <( & % *+ 412/44-45 $ 8 3 9 '%>&" # " % & 10400

% *+ 999/9 - "/ &

;;K) )" ' <: > & % *+ :# $ 2807 $ 8 28 9 # 1 '%>& #> % #> & 10330

1 8 ,

Annual Report 2013

9 " ( - / 9F = & 464,846.40

+ # * G + #

42 #

% *+ 540 - # - > *+ $ 8 14 9 '%>& # * % #> & 10330

1 9 ,

% *+ 101/549 # .$ & > & 9 & > / " / B & > & & > * 11110

1 9 ,

" $( ( - / & $/ -( $( - " ' = & 881,320.80 9 " ( - /

9F = & 45,600

% *+1093/73 - <: < *8 > > $ 8 14 9 & '%>& & % & & 10260

1 9 ,

9 " ( - /

9F = & 231,807.60

% *+ 99, 99/9 #F( *+ 2 9 ' &> I / & / B : & > *

1 11 ,

9 " ( - / 9F = & 197,867.85

( " $( 1 q -# 2556)

% *+ 591/5 - 7 9 / >* &

/ B #, & & > $* & 57000

2 7 ,

9 " ( - / 9F = & 200,000

% *+ 919/112 #F( *+ 10 . - "> - . #, & - "> - & > - "> - 60000

1 2 ,

- #(#* -

% *+ 3/5 9 $ >. / >* & / B #, & & > 56000

1 5 ,

- #(#* -

% *+ 2/9-10 - - &- - # * # $ 8 *+ 1 9 $ f / $ & E, / B #, & $* & #( & > $* & #( 50200

1 8 ,

- #(#* â&#x20AC;&#x201C;

% *+ 224/1 $ 8 *+ 1 ' 2 #F( 2 / '#( *

/ B #, & & > $* & #( 50200

1 8 ,

- #(#* â&#x20AC;&#x201C;

% *+ 12/5 9 # / #, & / B #, & & > / F 51000

1 8 ,

- #(#* â&#x20AC;&#x201C;

% *+ 200 )F - ) ( <( $ 8 4 9 ) 3 / B ( & > "&% 90110

3 3 ,

- #(#* -

% *+ 7/3 - )F - <: ( <( KÂ&#x2122; $ 8 11 > > * & % *+ 41101, 41108 9 # $$ * '%>& D # % & & 10700

Annual Report 2013

+ # * G + #

42 #

1 7 ,

- #(#* -

% *+ 59/5 - 7 9 >

/ *+ &

/ B #, & & > & 92000

4 ,

#(" # 9 " $( >( # "

% *+ 467 9 * / ( & / B #, & & > "&% 90000

5 ,

- #(#* -

- 2 , - 2 ,

9 " ( - / 9F = & - 675,000 - 149,400 ( " $( 28 #B 2557)

% *+ 1/9 9 >*" - / ( B / B #, & & > $ # 86000

2 10 ,

- #(#* -

% *+ 7/8 9 ) L / #, & / B #, & & > " 32000

1 7 ,

- #(#* -

% *+ 1036, 1036/1 - 4 9 > F ",

/ #, & / B #, & & > ) *" 33000

7 ,

#(" # 9 " $( >( # " 9 9F = & 70,000

% *+ 232/6 - ; - $ 8 2 9 q* / # '% & / B #, & & >

* 41000

1 11 ,

- #(#* -

% *+ 238/8 - & < > & % *+ I7-I9 $ 8 2 9 / #, & / B #, & & > % ' ( 40000 ) 0-4333-4755 " 0-4323-8322

2 2 ,

- #(#* -

% *+ 166/1 - 2 9 # / #, &

/ B #, & & > - $"*# 30000

2 4 ,

9 " ( - / 9F = & 100,000

% *+ 1242/2 "/ &

# - $"*# $ 8 *+ 6 & 3 9 # B / #, & / B #, & & > - $"*#

1 11 ,

9 " ( - / 9F = & 414,982.80

% *+ 512/8 9 $ & F / #, & / B #, & & >

$ * 34000

1 11 ,

- #(#* -

% *+ 8/47 - 48 9 #, & / #, & / B #, & & > * # 31000

1 3 ,

- #(#* -

% *+ 62, 64, 66, 68 < > * Â&#x161; 9 I -F%> & / #, & / B #, & & >

- ) * # $ 80000

% *+ 29 - * " <( $ 8 *+ 6 & 607 9 $ O / ( / B ( & > "&% 90110

Annual Report 2013

+ # * G + #

42 #

6 ,

- #(#* -

% *+ 99 9 " / L# * / B #, & - L# & > - L# 73000

- #(#* -

% *+ 321 9 '"&$F / , / B #, & & > * 71000

- #(#* -

% *+ 591/19 9 / * > / B #, & & > " * 18000

8 ,

- #(#* -

% *+ 115 - " <( $ 8 1 < )F - " 5 9 " % #> / $ & / B #, & & > & 21000

5 ,

- #(#* -

1 1 ,

- #(#* -

9 " #(>( D* H >( " *+ $( #( "* #-, & 300,000 9 >

% *+ 99/49 - 50 9 & / R&

/ B R& & > $ * 70110

1 3 ,

#(" # 9 " $( ( > *+ 31 #* -# 2558

- CIMB $ 8 2 % *+ 16 9 ) * " #( / #, & / B #, & & > J $ & 24000

1 8 ,

- #(#* â&#x20AC;&#x201C;

1 8 ,

9 " ( - / 9F = & 715,875

1 10 ,

9 " ( - / 9F = & 358,551.90

% *+ 399 #F( 1 9 $ # / (" # / B #, & & > $ * 76000

% *+ 3/222 #F( 6 9 J # * / , / B & # & & > $ * 20150 % *+ 838/1 -838/1% 9 $ $ / & "

/ B #, & & > $ * 20000 ( *+ F( O ) ( *+ / #( > *+ 13 f B -# 2556 )

- - > $ * - : < % *+ 57 & % *+ 1607 *-1608 $ 8 16 9 > '%>& # * % #> & 10330

- :# > > % *+ 195 & % *+ 1406 $ 8 14 > > 3 9." '%>& > % " & 10120

- # F E 1 % *+ 2884 $ 8 6 9 $ * #( '%>& & K % > %> & & 10310

2 8 ,

Annual Report 2013

9 " ( - / 9F = & 154,200 K " % 18 f) 2556

4.1.2 & # (3 $/# / D > *+ 31 > -# 2556 #*" #(#* > & *8 &

# ,E

& z

2 / #GL$ ( &)

-( # * # $ " <,8 % (>&

' #- # >

71,693,766

2,657,500

-( "# $ " <,8 % (>&

15,945,000

' #- # > >( & 8&

6,279,180

* 2 - D % # & # (

# # # / %+ # " $,+ ,+ <,8 # 8&' ( 2545 #* -> - # & *8 1. -> - # / >& & F ,#% & F - # "# # L & -> #" # 9 $/ *8 "B - ( & ' " D & % & F - ># 8&#* > "9 % & F *8' -> - # $ >& & ( & $ ' J F - - - # *+#*9 + *+ F( )' -- / "9 / & 8 & *+

* ' # * ) 2. -> - #-> # * & % & ' / * +# , &- % D* *+ % & F - +/ >( DG *+ /

2.1 * +# #,+ #F -( & , +/ >( 35 B 5 > / > *+

&", ' & &- % > / 9 #,+ #F -( & ,

+/ >( 28 ' / , #( / # +#B 5 > / > *+#F -( & , +/ >( 35 2.2 * +# >( &> (Intraday) D* *+ #*#F -( & , +/ >( 28 D %D

%D =+& F - & / # +#B > *+ / # J 8 / &- % * 3. -> - #' D > $,+ *+" # 9<,8 , / / $* Margin ># 8&#* Initial Margin % & ' ( ! # DG *+ / #*-D # -> # "*+ & / *+ D 4. #* -> - # >% & F ,# =+& $*# 8 / #F -( "F&" % & ' ( *+ F ,# # (# ' ' D ! J & ,+ " # 9 -> # "*+ &' ( ( & $

D > *+ 31 > -# 2556 #*

& F ,# ,+ <,8 / > 597.71 8& *8 #* #( F - $*# 8 F ,# & >& & *8 D > *+ 31 > -# 2556 &#*

F *8 ,+ <=+& # F *8 $* & " F *8 & F ,# ,+ <,8

' F *8 " <,8 % (>& *+-&- & F( $* / > 397.65

*8 / > & ( >"(> =+& F( Annual Report 2013

>( & / - * ' * "(> =+& F( >( & E( $/ ' # *8% & <=+& 8&-( E,+ *8"&" "F "/ #F *8 *+ $ 8 "&" "F 8& / > ' >

# # 2 3" #* F

*8 F *8 ' " <,8 % (>& # DG -&- & > ' (#*-> # #(' ( * : & '

*8 <=+& F

*8 & ( > # DG -&- & D* & ( *8 9, >( #*-> # #(' ( * : & '

*8 1. F *8 +> *+#* +/ >( #F *8 2. F *8E( $/ *+#*&> $/ & #( " # , <=+&- &$/ & '

*8 8&' (" # , %=8 3. F *8E( $/ *+#*&> $/ & >( " # , > ' (#* L *+$ ' #*-> # ! -( % & ' ( *+ $/ *8 8& #

4. F *8"9 & *+#* O 5. F *8 ,+ *+- &$/

*8 8&' (" # , %=8 / "/ D % # & # ( 2 / *+ #* *+ E $ # ' > >& & # % & F - ' ( ! /

( & 1 - 8& ># 8& > >& & >( & D* *+ F - % +# / >& & <,8 % , #* *+ ' & , % #F *+#*E ( "9 B % & F - ,+ / >& & # # "# D f # <,8 % ' -> #" # 9 $/ *8% & F - ' ( -> # F' E $ D > <,8 % ' $/ - *+E( #

* >#9=& / * ,+ & > >& & "/ D* F - *+#* > E $/ - ' ( # " ( & $ "/ F - *+ #($/ - # / QR $/ - ' & *+ EF E $ $* F - / &- % *+ &# $/ - > / 9 > *+- / $/ - 8 D* *+ F - #*E % %=8 QR $/ - (># *+ # F - # $/ *8 "(> *+% D* *+ #(" # 9 # F - # $/ > "#-> QR $/ - "(& &", ' & F - # $/ *8B > *+ /

* - 8& =+& /

& ( > "(& ,+ & % & ,+

/ # q # ( "/ F *8 *+ / " E( $/ 8 (> & *+ E $ $/ - ' (># # F' F *8 & ( >$/ *8 #" E( $/ #( ! #" ' # >&9 # #( ! E "(& ,+ & % & / " ,+ D / ;N & & / - * F - ( /#% 4 - $% # 2G 8&-( E,+ *8"&" "F $ DG & ( *8 #* 8&-( E,+ *8"&" "F # L F *8' ( ' F *8 ># <=+& # *8 >#9=& D -> # "*+ & * $/ ' #F -( % & *+ $ -8/ 8&-( E,+ *8"&" "F "/ F *8 #,+ *8 8 #* #( * & , #* " *+ F *8 $/ & '

*8 -, #(- / > 8& *8 & M $ 8 *8 # DG *+ / > )-D # / ' *+ . 33/2543 &> *+ 25 " & -# 2543 ' . 5/2544 &> *+ 15 #B 2544 ,+ & / $*"/ F *8 - DB % & <=+&" & *8

Annual Report 2013

1. #F *8 $ 8 "F # 9=& 1.1 #F *8% & F *8 *+ # >&9 # 9=& *+" ' > ' ( #( $/ *8 ' / / ( *8"F $* F *8 # q # B * ' > 1.2 #F *8"(> *+ / " *8 2. #F *8 $ 8 "&" # 9=&#F *8 J "(> *+"F& >( #F -( % & F *8 <=+& % D & *8 2.1 F *8 +> F *8"9 & *+#* O ' F *8 ,+ *+#*#F -( +/ >( #F *8 2.2 F *8E( $/ *+#*&> $/ & #( " # , <=+&- &$/ & ,

*8 8&' (" # , %=8 2.3 F *8E( $/ *+#*&> $/ & >( " # , > ' (#* L *+$ ' #*-> # ! -( % &' ( *+ $/ *8 8& #

3. #F *8 $ 8 +/ >( # L # 9=&#F *8"(> *+ #("F& >( #F -( % & F *8 *+ % D #% 2 #* / ( #F *8 $ 8 "F

$* * *+ & ( > ' 8&-( E,+ *8"&" "F

#( +/ >( 100 % &#F *8 $ 8 "&" 8& / > D > *+ 31 > -# 2556 #*-( E,+ *8"&" "F 352.95 4.2

& * # & # ( ,+ ' & % & $ "F&" #* -> - #B *+ * ' #* -> # "*+ & & ( &#* " B / & ># 8& / & * ,+ & & ,+ #*-> # # "# +&%=8 #* *

& *8 . & 1. " & % & -/ =&9=& ' -> # & & / $( & F ,# ,+ <,8

' > ,+ ! & # >* " & ,+ & 8& ,+ - ' ,+

& ! #>& & *+-D # # ' ( 2. & B " " *8 " ' ,+ H *+ & 8& *+<,8 % )F <,8 % ' # <,8 % )F <,8 % 3. & *+ ( $ "F&" ' ( -/ =&9=& E ' "B - ( & ' -> # "*+ & % & & 4. & # % & -> # "*+ & -/ = & 9= & B % & B % &

" # ' " "(> & & ( 5. # F' & ! #> 9 "&- ># 8& & # "#' "

- & "B & *+ *+ ' & 6. #* N & -> #% ' & & E $ ' (>& F % #F *+# =& K E #' > & *+"/ & -D # / ' /

7. & E & ( -D # ( & , 1 - 8& . #% / #/ & 1. QR & / N # 'E & & / ' " & % & " ,+

D ( *+ $ #-D # & ' *+ $ #-D # Annual Report 2013

2. #* $ #-D # & ( & , 1 - 8& ,+ / & ' F' "9 % & & ' N & -> # "* & # 8& / & $ # ,+ " ( -D # & 3. #*% #F > - & > - O ,8 L ' > - & - - ># 8& > ># " > - ,+ $ " 4. QR & / <,8 % # *+ -D # & % & / ' & E

/ / > ( EF 9=&"9 % & & "9 % & <,8 % ' & 9F ! O F( "#

5. & E & ( & , 1 - 8& ( -D # D*#* J J / " ,+

% -> # : , %

# * 8& *8 -D # & > # #( >( 3 - <=+&-D # ! EF ' (& 8& / *+ / <,8 % ,+ ' F' # & ! #>& & ' & *+ / > $- & & % 8 ' # & & *+ ( ># ' >% & : >( #* & ( &H 8& " " *8 ' " *+ #' - -> # "*+ & & ,+ E ' *+ # "# *8 #* DG D - , # $ % #F $ &> - D #* 8&-D # & ,+ / *+ & ( > ( & - (&- *8-D # & &#* *+ / " ,+ %

# & D* *+ #( ! # *+-D # / > * 8& &#* *+ & E & ( -D # , ' D* *+#* J J / " ,+ % -> # : * & % & ' (&

! 2 B %=8 F( B % & -,

1. & " *8 #* > &' > & N & -> # "*+ & ( &H E $/ % &EF

" *8 (Credit Risk) "B - ( & <,8 % " *8 (Liquidity Risk) -> #E E> % & - <,8 % " *8 (Market Risk) ' -> #" # 9 $/ - % &-F(- , F - (Counterparty Risk) 2. & " ' " #* / > 9 "&- ' N # & *+$ ,+ "

- & ' > & *+ -D # / > = -> # "*+ &% & & & (# " # ( &H ,+ #( > & > % & *+#* - &" & ,8 L *+ * <=+&-> # "*+ & % & & # -> #E E> % & - (Market Risk) "B - ( & <,8 % > (Liquidity Risk) =& #* #' / & / > (Mark to Market Report) ,+ " EF *+ *+ >% & ' ,+ & E / & ' ' > #% &"B > ' (-D # ( D > *+ 31 > -# 2556 #* & & " ># 8&" 8 237.45 & & & ( > ! & & <=+& 8&-( E,+ -( (9 #*) ' '" & # - #' > Annual Report 2013

/#% 4 - # 2 " & * # & # ( 8&-( E,+ #F -( ' -( % & & & $ DG & ( *8 & & *+ ! -> # & % & <=+&9, > ,+ - '" & #F -( # = *+ ' & > #F -( % & & & ! / , % & / % : " : & & " *8 *+ 8& ' " # 99, >( - / '" & - / ( > %

-( % & & & E ( & >( & - *+<,8 # #F -( 9(9 % & " *8 9F ( > *

*8 *+' &

% & " *8 *+ ,

& & " *8' " <=+& ! -> # & % & , *+9, > ,+ - , 8& 9,

> - / B ! & & E,+ % ' '" & #F -( # *+ ' & > #F -( & & & ( > '" & ! &- ,+ % &"(> % & % & "(> % & % & > % -( % & & & F & / % : " : ' #,+ #* / ( & & & F E / , % *+ - = &- ,+ % &"(> % & % & "(> % & % & & % & / % : " : "/ D* *+ ! & & B *+#*

*8 & =

*8 & / % : " : > *

*8 *+' & & & " <=+& #( $( -> # & % & '" & - " -( E,+ -( (9 #*) #F -( #% & -> # & % & -/ >D - " <,8 &" D " 8 > / " % & % & ' (& ) #F -( #% & (> & & K -/ >D #F -( " " % & (> & #F -( #% & " *8-/ >D $ E ' " <,8 ( " % &"# -# " *8 = % -( (9 #*) % & & & & / % : " : #,+ - # $*"F& >( - *+-

>( -, & * ,#& / ,#& #* & ( / (># *+ *+ >% & ' #*) B # 8& " # 9 ,8 / % & #* / ' - >& # +&%=8 -/ =&9=&-> # # "# ' $ % & ' EF 9, ! "/ -

Annual Report 2013

5. && { #(#*- * *+ #*E ( " % & *+#* / > "F& >( 5 % &"(> % &EF 9, D > *+ 31 > -# 2556 ' #(#*- * *+#*E ( / % & ( &#* "/ -

Annual Report 2013

!" # $ % !" # & ' ( 6. 2 &#- 3 ,#&6 $,+ "9 *+ 8&

* % *+ B

* $/ ' > ' (&

: - *+ . / (# $ ) : 132 - " 1 $ 8 2 9 > '%>& # * % #> & 10330 ) 0-2205-7000 " 0-2205-7171 > < www.cgsec.co.th : 0107537000572 : B >& - & O "/ & -D # / ' B ( &H # ' ( 1. ! <,8 % 2. - 3. / ( 4. ! *+ = & 5. & ># 6. & "(> -- 7. ,#' ,# 8. & (># & - " <,8 % (>& "/ & -D # / ' ! >' <,8 % " <,8 % (>& - -> # : $ ! *+ = & & "/ & -D # / ' : 3,189,785,935 : 2,589,743,484 : " # 2,589,743,484 #F -( *+ > 1

Annual Report 2013

2 / &$- ,#&6 /#% / 10 7% 3 $,+ "9 *+ 8&

* % *+ B * $/ ' >

: & :# ;<* / (# $ ) : $ 8 * ' $ 8 21-23 - - # > > % *+ 199 9 $ B '%>& - & % - & & # - 10110 ) 0-2649 - 2000 " 0-2649 â&#x20AC;&#x201C; 2100, 0-2649 â&#x20AC;&#x201C; 2111 > < www.mfcfund.com : 0107536001371 : B & : 120,000,000 : 120,000,000

' (&

! / > *+9,

: " # 120,000,000 #F -( *+ > 1 29,903,500 - ! 24.92

- _ *

EF ' EF 9, F EF " $*

*+ = q #

: )F Q ( ) ) /

% *+ 62 - $ 8 4,7 9 $ B '%>&- & % - & & 10110 ) 0-2229-2800 " 0-2359-1259 : #(#* : $> * " L EF " $* % * 4301 * F $ # " $ ) " $* /

$ 8 25 - 183 9 " '%>& > % " & # - 10120 ) 0-2676-5700 " 0-2676-5757 : 1. *+ = q # "# - ' ,+ /

% *+ 122 9 ) '%>&) ( ", % - & 10200 ) 0-2224-2130 " 0-2226-1346 2. "/ q # $ # /

61/52 < >*# 8 9 # 9 '%>& > %> & % > %> & & 10310 ) 0-2246-2182 " 0-2643-9953 3. "/ q # " " # * #* /

999/9 -

;;K) )" ' <: > $ 8 26 9 # 1 '%>& #> % #> # 10330 ) 0-2646-1888 Annual Report 2013

" 0-2646-1919 4. "/ & q # *.>*. ". /

99/168 #F( 11 9 < " -# 1 '%>& > % > & 10230 ) 0-2980-5011 " 0-2942-1946 *+ = & & : #(#* *+ = , EF B " : #(#* "/ & " % % & D > *+ 31 > -# 2556 #* & ( *8 &$-/#% & 6 Ef "/ & " % > % *+ 1693 - <: <( " % > $ 8 11 9 '%>& > % & 10900 ) 0-2937-1292-8 " 0-2937-1292 "/ & " % &' % *+ 275 -

# " % &'- $ 8 6 9 $ # '%>& &'- ,

% &'- & 10160 ) 0-2454-9088-94 " 0-2454-9095 "/ & " % & #>&) > % *+ 30/39 - 50 -

# " % & #>&) > $ 8 12 9 & #>&) > / & % / B #, & & > * 11000 ) 0-2550-0522-8 " 0-2550-0529 % *+ 1293 - - ;F " % "/ & $ 8 2 #F( 4 9 " % #> / "/ & " % "/ & 1

/ B #, & & > "# 10270 "/ & " % "/ & 2 ) 0-2380-0333 " 0-2757-7100 ) 0-2380-1161-2 " 0-2380-1168 "/ & " % KÂ&#x2122; 1 % *+ 7/129-221 & % *+ 2604A - "/ & )F - <: <( KÂ&#x2122; $ 8 6 9 # $$ * '%>& D # % & & 10700 ) 0-2884-7054-9 " 0-2884-7053 "/ & " % KÂ&#x2122; 2 % *+ 7/3 - )F - <: ( <( KÂ&#x2122; $ 8 11 > > * & % *+ 41101 ( K / " % 1 q -# 2556) 41108 9 # $$ * '%>& D # % & & ) 0-2884-5301-9 " 0-2884-8957 "/ & " % "* # 1 % *+ 191 - "* #- # : < $ 8 19 & C 9 "* # '%>&"* # % & & 10500 ) 0-2231-8600 " 0-2231-8695 "/ & " % "* # 2 % *+ 191 - "* #- # : < $ 8 14 & A 9 "* # '%>&"* # % & & 10500 ) 0-2231-8700 " 0-2231-8791 Annual Report 2013

"/ & " % "* # 3

"/ & " % " ## ( K / " % > *+ 23 f) 2555) "/ & " % <: >

"/ & " %

"/ & " % ( #" % <( ) "/ & " % & > &

"/ & " % &

"/ & " % ' &> I

"/ & " % - > $

"/ & " % :# > >

"/ & " % $ * #( ( K / > *+ 18 f) 2556)

&$-/#% % *+ 191 - "* #- # : < $ 8 12 & D 9 "* # '%>&"* # % & & 10500 ) 0-2231-8900 " 0-2231-8997 % *+ 159 - " ## $ 8 11 < ) 9 " % #> '%>&- & ,

% > I & 10110 ) 0-2627-2400 " 0-2627-2427 % *+ 999/9 - "/ &

;;K) )" ' <: > & % *+ :# $ 2807 $ 8 28 9 # 1 '%>& #> % #> & 10330 ) 0-2613-1199 " 0-264-5421 % *+ 540 - # - > *+ $ 8 14 9 '%>& # * % #> & 10330 ) 0-2264-8555 " 0-2658-5919 % *+ 408/59 - " < <( & % *+ 412/44-45 $ 8 3 9. '%>&" # " % #. 10400 ) 0-2619-0600-2 " 0-2619-0599 % *+ 101/549 # .$ & > & 9. & > . " . & > & & > * 11100 ) 0-2571-1199 " 0-2571-3119 % *+1093/73 - <: < *8 > > $ 8 14 9 & - '%>& & % & #. 10260 ) 0-2745-6813-16 " 0-2745-6718 % *+ 99, 99/9 #F( *+ 2 & % *+ 1201 $ 8 12 9 ' &> I / &

/ B : & > * ) 0-2193-8170-74 " 0-2193-8176

- - > $ * - : < % *+ 57 & % *+ 1607 *-1608 $ 8 16 9 > '%>& # * % #> & 10330 ) 02-263-8500 " 02-263-8555-6

- :# > > % *+ 195 & % *+ 1406 $ 8 14 > > 3 9." '%>& > % " & 10120 ) 02-627-7888 " 02-627-7899

- # F E 1 % *+ 2884 $ 8 6 9 $ * #( '%>& & K % > %> & & 10310 ) 0-2716-5700 " . 0-2716-5713

% *+ 50/147-157 - Â? < <( ' - $ 8 4 9 > ' > / $ & E, / B #, & & > $* & #( 50300 Annual Report 2013

"/ & " % $* & #( 1 "/ & " % $* & #( 2 "/ & " % :

1 $* & #( "/ & " % :

2 $* & #( "/ & " % $* & #( 3

"/ & " % $* & #( 4

"/ & " % $* & 1 "/ & " % $* & 2 "/ & " % / & "/ & " % - "> - "/ & " % D

"/ & " % "/ & " % / F

&$-/#% ) 0-5322-4766-9 " 0-5322-4775 ) 0-5340-5242-6 " 0-5340-4390 ) 0-5322-3377-9 " 0-5322-3378 ) 0-5322-3663-4 " 0-5322-3378 % *+ 2/9-10 - - &- - # * # $ 8 *+ 1 9 $ f / $ & E,

/ B #, & $* & #( & > $* & #( 50300 ) 0-5321-2350 " 0-5321-2349 % *+ 224/1 $ 8 *+ 1 ' 2 #F( 2 / '#( * / B #, & & > $* & #( ) 0-5380-6044 " 0-5311-1262 % *+ 591/5-7 9 / >* & / B #, & & > $* & 57000 ) 0-5360-0828-30 " 0-5360-0833 ) 0-5374-0480-3 " 0-5374-0484 % *+ 500/1 - 3 9 " # * / " Â&#x2DC; / B #, & & > / & 52100 ) 0-5423-1740-8 " 0-5423-1749 % *+ 919/112 #F( *+ 10 . - "> - . #, & - "> - & > - "> - 60000 ) 0-5622-7241-3 " 0-5622-9899 % *+ 228/28 - 30 9 # 9 / #, & / B #, & & > D 65000 ) 0-5523-1981-7 " 0-5523-1980 % *+ 3/5 9 $ >. / >* & / B #, & & > 56000 ) 0-5441-0930-1 " 0-5441-0905 % *+ 12/5 9 # / #, & / B #, & & > / F 51000 ) 0-5351-0500 " 0-5356-1511

*/ "/ & " % ) (

"/ & " % - ) * # $ 1 "/ & " % - ) * # $ 2 "/ & " % - ) * # $ 3 "/ & " % & "/ & " % #, & BF :

% *+ 200 )F - ) ( <( $ 8 4 9 ) 3 / B ( & > "&% 90110 ) 0-7435-4699-705 " 0-7423-0176 % *+ 62, 64, 66, 68 < > * Â&#x161; 9 I -F%> & / #, & / B #, & & > - ) * # $ 80000 ) 0-7543-2021-9 " 0-7543-2031 ) 0-7543-2360-4 " 0-75322-605 ) 0-7543-2504-11 " 0-7543-2504 % *+ 59/5 - 7 9 >

/ *+ & / B #, & & > & 92000 ) 0-7521-6000-3 " 0-7521-6007 % *+ 154/14 - 16 9 && / ( / B #, & & > BF : 83000 ) 0-7623-2482-90 " 0-7623-2491 Annual Report 2013

"/ & " % "&% "/ & " % $ # "/ & " % * " <( (

&$-/#% % *+ 467 9 * / ( & / B #, & & > "&% 90000 ) 0-7443-7500 " 0-7443-6666 % *+ 1/9 9 >*" - / ( B / B #, & & > $ # 86000 ) 0-7751-2114-6 " 0-7751-2122 * " Â? / % *+ 29 - * " ( <( $ 8 6 & 607 9 $ O / B ( & > "&% 90110 ) 0-7435-2905-6 " 0-7435-2909-10

/ # x$ "/ & " % " "/ & " % ) *" "/ & " % *

"/ & " % % ' ( "/ & " % - $"*# "/ & " %

# - $"*#

"/ & " % " * > > $ *

"/ & " % * #

% *+ 7/8 9 ) L / #, & / B #, & & > " 32000 ) 0-4453-5033-35 " 0-4453-5045 % *+ 1036/1 - 4 9 > F ", / #, & / B #, & & > ) *" 33000 ) 0-4562-0860-66 " 0-4562-0867 % *+ 232/6 - ; - $ 8 2 9 q* / # '% & / B #, & & >

* 41000 ) 0-4223-0555 " 0-4223-0515 % *+ 238/8 - & < > & % *+ I7-I9 $ 8 2 9 / #, &

/ B #, & & > % ' ( 40000 ) 0-4333-4755 " 0-4323-8322 % *+ 166/1 - 2 9 # / #, & / B #, & & > - $"*# 30000 ) 0-4426-9802-11 " 0-4424-8990 % *+ 1242/2 "/ &

# - $"*# $ 8 *+ 6 & 3 9 # B / #, & / B #, & & > - $"*# ) 0-4428-8057-66 " 0-4428-8065 % *+ 512/8 - " * > > & % *+ 4C-1 $ 8 4 9 $ & F / #, &

/ B #, & & >

$ * 34000 ) 0-4535-5125 " 0-4531-6232 % *+ 8/47 - 48 9 #, & / #, & / B #, & & > * # 31000 ) 0-4462-5606-7 " 0-4460-1953

"/ & " % $ * "/ & " % - L# "/ & " % * "/ & " % " *

% *+ 399 #F( 1 9 $ # / (" # / B #, & & > $ * 76000 ) 0-3240-0941 " 0-3241-1744 % *+ 99 9 " / L# * / B #, & - L# & > - L# 73000 ) 0-3427-2800-6 " 0-3427-2807 % *+ 321 9 '"&$F / , / B #, & & > * 71000 ) 0-3462-4908-09 " 0-3462-5099 % *+ 591/19 9 / * > / B #, & & > " * 18000 ) 0-3631-8481-7 " 0-3631-8488 Annual Report 2013

"/ & " % R& $ *

&$-/#% % *+ 99/49-50 9 & / R& / B R& & > $ * 70110 ) 0-3230-1201-3 " 0-3230-1209

/ # "/ & " % &

"/ & " %

"/ & " % J $ &

"/ & " % 9 $ $ $ *

% *+ 115 - " <( $ 8 1 < )F - " 5 9 " % #> / $ &

/ B #, & & > & 21000 ) 0-3886-1153-8 " 0-3886-1160 % *+ 3/222 #F( 6 9 J # * / , / B & # & & > $ * 20150 ) 0-3837-1430-31 " 0-3837-1434 $ 8 2 - CIMB 16 9 ) * " #( / #, & / B #, & & > J $ & 24000 ) 0-3881-0671-3 " 0-3881-0690 % *+ 838/1 -838/1% 9 $ $ / & " / B #, & & > $ * 20000 ) 0-3879-2556-7 " 0-3879-2569

Annual Report 2013

)#"*( + " 7. 7.1

42 2 # & # ( 42 + & "& $ & L+ D > *+ 31 > -# 2556 #* * 3,189.79 * $/ ' > 2,589.74 ' (& ! " # 2,589,743,484 #F -( *+ > 1 ( * *+ ' &#F -( *+ > 10 ! 1 >

#( 10 #F -( *+ > 1 ' # 1 *+#*#F -( *+ > 10 ( >& D $ #,+ > *+ 9 #* -# 2550 ' +# <,8 % % & > #F -( *+ > 1 #,+ > *+ 19 #* -# 2550) #* > +# *+E( # & *8

# / " / : &$- "& $

& "& $ ( &)

10 f B -# 2545

2,414

9 " & -# 2545

4,916

24 > -# 2545

4,916

28 # -# 2547

4,916

23 # -# 2549

4,916

14 # -# 2552 14 # -# 2552 27 #* -# 2552 22 > -# 2552 23 > -# 2552

4,195 4,038 2,300 1,866 3,149

25 # -# 2553

3,149

& L+ #/ ( & &$- - # - & ( &) ( &) 665 2,008 ,+ & <,8 " # % & Indosuez W.I. Carr Securities (Thailand) Limited ' $ ! & # >* ,+ & % >% & % ' (EF 9,

# 2,008 ,+ & $ " # "/ - '" &" *+ <,8 " # $ *+ 3 ' 4 % & ># 8& " % & $ *+ 2 *+ & #( #

224 2,232 $ " <,8 " # % &EF 9, "/ - '" &" $ *+ 2 / > 22.39 991 3,223 $ " <,8 " # % &EF 9, "/ - '" &" $ *+ 3 / > 99.09 972 4,195 $ " <,8 " # % &EF 9, "/ - '" &" $ *+ 4 / > 97.28 4,195 * *+ & #( * $/ - 157 4,038 $ $ E % " "# (D > *+ 30 2551) - 1,738 2,300 -, & &"(> ' (EF 9, - 434 1,866 $ $ E % " "# (D > *+ 30 # 9 2552) 1,866 - ,+ & " % " # % & ' (EF 9,

#% & #" "(> / > *+9,

F( - ,+ & $ " # "/ - '" &" *+ <,8

" # % & ( *+ 5 - ,+ & $ " # "/ - '" &" *+ <,8

" # % & # - & " ' ( # ' & â&#x20AC;&#x153;ESOPâ&#x20AC;? - 8& *+ 1 464 2,330 ,+ $ ! & # >* ' ,+ & % >% & Annual Report 2013

# / " / : &$- "& $

& "& $ ( &)

& L+ & &$- - # - & ( &) ( &)

25 # -# 2556

3,149

0.05

2,330

3 f B -# 2556 7 f B -# 2556

2,330 3,189

21 f B -# 2556

3,189

258

2,589

#/ ( $ " <,8 " # % &EF 9, "/ - '" &" $ *+ 5 / > 47,529 * *+ & #( * $/ - ,+ & ( O E ! - ,+ & $ " # "/ - '" &" *+ <,8

" # % & # - & " ' ( # ' & â&#x20AC;&#x153;ESOPâ&#x20AC;? - 8& *+ 2 ( O E !

7.2

# 42 # * * /

' " % "/ - '" &" *+ <,8 " # % & ' ( # EF & ' / , *+ = % & # - & ESOP - 8& *+ 2 / > #( 600,000,000 (> #(- #F -( ' "/ - '" &" 1 (> " # 9 $ " <,8 " # 1 - 1.30 % & "/ - '" &" #( 3 > *+

' " % "/ - '" &" 7.3

,#&6 * - & %=8 F( -> # / ! ' -> # & $ & % &

7.4

# & # ( (NVDR) D > *+ 27 > -# 2556 : >* * /

NVDR *+ #* " # % & ! & & / > 63,335,972 - ! 2.45 % & *+$/ ' >% & (EF & " # 9- % #F *8 >: < % &

*+ www.set.or.th) ' ,+ & #*% / >( *+ / #

! NVDR #(#*"

"* & *+ $ #EF 9, % & * 8 H > D* $ " "* & ,+ &# *+ > 9 & ( > !

* (Delist) & 8 % & 9F / #

NVDR ! / > # / > *+#*"

"* &% & & <=+& / "

"* &% &EF 9, ,+ +#%=8 ,+ &

"* & &- ' *+ $ #EF 9, # % & *+ $ # EF 9, 9, #- ' "* &% &# % &EF 9, , EF # J <=+&# $ #'

"* & &- '

Annual Report 2013

7.5

42 $,+ EF 9, ( 10 ' D > *+ 18 > -# 2556 ! > *+ K "# * EF 9, - 8& ( " #* & *8 42 1. " > $ 2. "/ & # F E 3. > # 4. f b - 8>-$ 5. ##*+ $ 6. : >* * /

7. $ 8. CREDIT AGRICOLE (SUISSE) SA, SINGAPORE BRANCH 9. .". # B - # 10. :# ; Â? 8&" /

+ 286,045,153 185,091,011 147,200,000 128,510,583 100,555,632 74,878,772 71,367,777 67,817,678 59043384 54,666,776

% 11.05 7.15 5.68 4.96 3.88 2.89 2.76 2.62 2.28 2.11

! "#$ %& ' www.cgsec.co.th ( )*

+ ) , -

D > *+18 > -# 2556 (# F $ 9, 8& # ># 457,968,562 & # ( *8 42 + % 1. " > $ 286,045,153 11.05 2. $ 71,367,777 2.76 3. ##*+ $ 100,555,632 3.88

457,968,562 17.69 D > *+ 18 > -# 2556 (# F - 8>-$ (- 8> ) ) 9, 8& # ># 167,120,113 &#* # ( *8 42 + % 1. f b - 8>-$ 128,510,583 4.96 2. $ - >8 -$ 38,603,664 1.49 3. &$ ) - 8> ) 4,942 0.000191 4. &" > - 8> ) 924 0.000036

167,120,113 6.450227

Annual Report 2013

, ) 2534 " % " # +# % & ( $ $ +> *8

&", $*8$> <,8 " # +# &> *+ 8 #* -# 2534 <=+& 7 % & &",

& ( > 8 ( >9=& ( & O E % & > >( â&#x20AC;&#x153; D* -D # #* *+ " *+ $ #EF 9, % & D ( & O E / ' (EF 9, ' ( *+ #( +/ >( 60 % & / " & B * & -- / ' >â&#x20AC;? ( & O E & ( > *8 & #(#* *+ ' &

Annual Report 2013

" -

8. 8.1

D > *+ 31 > -# 2556 #*-D # 8& # 3 $ ' ( -D # -D # ' -D # > " &#* # & ( *8

) " F L $ / ) . . > I " $ . . . "#$ > D $ " * $ ) L $ " > $ " %> Â? & < < # f b - 8>-$ "#- ", F

,#&6 (/+ ) # # " # " # " # " # # # # #

&" >" I "

. . . >* & $,+ B * > " L ) " ##*+ $ $ $ B D

# # " # #

&" >)) > # " & &

/ :

(/+ )

/ (/+ ) # > " # # > "

# & #

*+ (EF 1) ' #

*+ ' #

&$- L #G42 + : 2556 - # &$- 22 , 2556 3" $ / - , 8& # *+ / ' (& #> 8& 5 ( ' ( 1) ) " F L 2) $ / ) 3) > I " $ 4) / > "#$ > D $ " * ' 5) > " L ) " > - ' "* &% &# % / & / ' (& # * > =+& &$- L E

#% &$- 6/2556 - # &$- 26 2556 3" $ / - ' (& 8& &" >" I " # EF " " 1 ' $ $ B D # EF " " 6 / & / ' (& # EF ( #*E ' (> *+ 1 q -# 2556 &$- L E

#% &$- 8/2556 - # &$- 27 2556 3" $ / - ' (& 8& &" >" I " # EF ( / & / ' (& # #*E ' (> *+ 1 2556 &$- L E

#% &$- 9/2556 - # &$- 30 # 2556 3" $ / - #

% & . " b ) *" > D # # ' *+ #*E ' (> *+ 1 f) 2556 - ' (& 8& &" >" I " # EF ( / & / ' (& *+ (EF ) #*E ' ( > *+ 1 f) 2556 - ' (& 8& $ $ B D # EF ( / & / ' (& *+ #*E ' (> *+ 1 f) 2556

# 9=& EF "F&" % & Annual Report 2013

- ' (& 8& $ $ B D # EF ( / & / ' (& # ( #(#* / ) #*E ' (> *+ 1 f) 2556 - ' (& 8& ##*+ $ # ( #(#* / ) / & / ' (& # (#* / ) #*E ' (> *+ 1 f) 2556

2556 -D # #* $ #> / > 12 - 8& > / & / ' (&' % (># $ # % & # ' ( ( " # 9" & *8

) " F L $ / ) . . > I " $ . . . "#$ > D $ " * $ ) L $ " > $ " %>

. " b ) *" > D(1) Â? & < < # f b - 8>-$ "#- ", F &" >" I " . . .>* & $,+ B * > " L ) " ##*+ $ $ $ B D (2) / :

"+ /+

L / L &#% " * : 2556 L L

/ ',

#. . 56 â&#x20AC;&#x201C; #. . 59 #. . 56 â&#x20AC;&#x201C; #. . 59 #. . 56 â&#x20AC;&#x201C; #. . 59 #. . 56 â&#x20AC;&#x201C; #. . 59 #. . 55 â&#x20AC;&#x201C; #. . 58 #. . 55 â&#x20AC;&#x201C; #. . 58 #. . 54 â&#x20AC;&#x201C; #. . 57 #. . 54 â&#x20AC;&#x201C; #. . 57 #. . 55 â&#x20AC;&#x201C; #. . 58 #. . 55 â&#x20AC;&#x201C; #. . 58 #. . 55 â&#x20AC;&#x201C; #. . 58 #. . 54 â&#x20AC;&#x201C; #. . 57 . . 54 â&#x20AC;&#x201C; #. . 57 #. . 56 â&#x20AC;&#x201C; #. . 59 .-. 55 â&#x20AC;&#x201C; #. . 57 . . 56 â&#x20AC;&#x201C; #. . 57

12/12 12/12 12/12 12/12 11/12 12/12 12/12 7/10 9/12 5/12 12/12 11/12 8/12 11/12 11/12 2/2

12/12 12/12 12/12 12/12 10/12 12/12 12/12 7/10 9/12 4/12 12/12 11/12 9/12 11/12 11/12 2/2

(1) . " b ) *" > D

/ ' (& # #*E ' (> *+ 1 f) 2556 (2) *+ $ #-D # - 8& *+ 9/2556 #,+ > *+ 30 2556 #*# ' (& 8& $ $ B D ! # ( #(#* / ) '

. " b ) *" > D *+

#*E ' (> *+ 1 f) 2556

* > / & / ' (&% & # ' ( ( " # 9" & *8 ' / ( 2 " " ,b( #,+ , # -# 2549 , 8& / & / ' (& # ' # *+

#,+ , #B 2549 -> # : $ "/ & . . . #,+ , # 2550 , 8& / & / ' (& # (

* > =+& #,+ , # 2553 , 8& / & / ' (& # (

* > =+& #,+ , # 2556 , 8& / & / ' (& # (

* > =+& "L + ' #,+ , -# 2548 , &8 / & / ' (& # ' # *+

#,+ , # -# 2549 -> # : $ "/ & . . . #,+ , # 2550 , 8& / & / ' (& # (

* > =+& #,+ , # 2553 , 8& / & / ' (& # (

* > =+& #,+ , # 2556 , 8& / & / ' (& # (

* > =+& Annual Report 2013

. . #F

L #,+ , # 2548 , 8& / & / ' (& # #,+ , f B -# 2548 -> # : $ "/ & . . . #,+ , # 2550 , 8& / & / ' (& # (

* > =+& #,+ , # 2553 , 8& / & / ' (& # (

* > =+& #,+ , # 2556 , 8& / & / ' (& # (

* > =+& ./. . L E L $ #,+ , # 2548 , 8& / & / ' (& # #,+ , f B -# 2548 -> # : $ "/ & . . . #,+ , # 2550 , 8& / & / ' (& # (

* > =+& #,+ , # 2553 , 8& / & / ' (& # (

* > =+& #,+ , # 2556 , 8& / & / ' (& # (

* > =+& L G / ' ,b(L# #,+ , f) 2550 , 8& / & / ' (& # ' # *+

/ ' (& ( - > #,+ , # -# 2551 -> # : $ "/ & . . . #,+ , # 2552 , 8& / & / ' (& # (

* > =+& #,+ , # 2555 , 8& / & / ' (& # (

* > =+& " /L #,+ , # 2549 , 8& / & / ' (& # #,+ , f B -# 2549 -> # : $ "/ & . . . #,+ , # 2552 , 8& / & / ' (& # (

* > =+& #,+ , # 2555 , 8& / & / ' (& # (

* > =+& #G* #GG #,+ , -# 2548 , &8 / & / ' (& # ' # *+

#,+ , # -# 2549 -> # : $ "/ & . . . #,+ , # -# 2550

! # &-& / & / ' (&EF #,+ , # 2550 , 8& / & / ' (& # ' # *+

#,+ , f B -# 2550 -> # : $ "/ & . . . #,+ , # 2551 , 8& / & / ' (& # (

* > =+& #,+ , # 2554 , 8& / & / ' (& # (

* > =+& | 3D D #,+ , # 9 2550 , 8& / & / ' (& # ' # *+

#,+ , " & -# 2550 -> # : $ "/ & . . . #,+ , # 2552 , 8& / & / ' (& # (

* > =+& #,+ , # 2555 , 8& / & / ' (& # (

* > =+& }& z % L #,+ , # 2550 , 8& / & / ' (& # ' # *+

/ ' (& ( - > #,+ , # 9 2550 -> # : $ "/ & . . . #,+ , # 2552 , 8& / & / ' (& # (

* > =+& Annual Report 2013

#,+ , # 2555 , 8& / & / ' (& # (

* > =+& " / 2 #,+ , f) 2551 , 8& / & / ' (& # ' # *+

#,+ , > -# 2551 -> # : $ "/ & . . . #,+ , # 2552 , 8& / & / ' (& # (

* > =+& #,+ , # 2555 , 8& / & / ' (& # (

* > =+& " . & z ' $

E #,+ , # 9 2552 , 8& / & / ' (& # ' / ' (& # *+>( & & #,+ , q -# 2552 -> # : $ "/ & . . . #,+ , # 2554 , 8& / & / ' (& # (

* > =+& " " #F ( #,+ , 2553 , / & / ' (& # ' # *+

/ ' (& ( - > #,+ , 2553 -> # : $ "/ & . . . #,+ , # 2554 , 8& / & / ' (& # (

* > =+& ././. $ ,( L - # "$ #,+ , -# 2554 , / & / ' (& # ' # *+

#,+ , f) 2554 -> # : $ "/ & . . . ( ,b & ' / ( #,+ , -# 2554 , / & / ' (& # " ' # *+

#,+ , f) 2554 -> # : $ "/ & . . . #,+ , # 2556 , 8& / & / ' (& # (

* > =+& & $- /L #,+ , # 2555 , / & / ' (& # ' # *+

/ ' (& ( - > #,+ , f B -# 2555 -> # : $ "/ & . . . L L#

E( #,+ , 2556 , / & / ' (& # ' # *+

/ ' (& ( - > #,+ , f) 2556 -> # : $ "/ & . . .

42 $ + & ,#&6 *+ $ #-D # - 8 & *+ 9/2556 #,+ > *+ 30 2556 #*# # ' % *+ ' &$,+ ' / > # *+#* / & #, $,+ ' # *+ >( â&#x20AC;&#x153; F L # , " > $ # - - =+& & #, $,+ ' "/ - % & , " %> " b ) *" > D ' &" >" I " # " & " #- *8 & #, $,+ (># ' "/ - % & â&#x20AC;? ! â&#x20AC;&#x153; F L # , " > $ # - - =+& & #, $,+ ' "/ - % & , " %> &" >" I " ' ##*+ $ # " & " #- *8 & #, $,+

(># ' "/ - % & â&#x20AC;?

Annual Report 2013

/ + &$- E

,#&6 *+ $ #-D # - 8& *+ 9/2547 #,+ > *+ 31 " & -# 2547 # % % / *+' -> # E $ % & -D # > & *8 1. / N # ' > 9 "&- / & % & ! # $ # $ / q' * % &"/ & -D # / ' ' (& ) ' (> & / F' B >#9=&# *+ $ # (EF 9, 2. D # 'E / & ' & # D / 3. ' (& 8&-D # ,+

/ & 4. / $,+ # EF #* / & #, $,+ ' 5. ' (& 8& -- ' # *+

( > 6. D ' (& 8& 9

# ' # EF ( ># 8& # & , -( ' , E $ ,+ H' ( -- & ( > 7. D # & & , " ' E $ ,+ % & & 8. D # *+ *+ > & ' " % & 9. / ,+ ,+ N # ' > 9 "&- % & 10. $ #-D # + &$- E

*+ $ #-D # - 8& *+ 6/2555 > *+ 29 f B -# 2555 # % % / *+' -> # E $ % & -D # > & *8 1. F' ' #E ' ! # N # > 9 "&- 'E

/ & ' & # D / <=+& E( -D # # ' > 2. D # ' (& 8& 9

9 -- , -- ! *+ = % &-D # ,+ / *+ -/ ' / , -/ = , *+ ! $ ' ( / & % & ># 8& # -( ' ' ( --

& ( > 3. D # ' ( & 8& 9

9 ' & 8& ' ( # EF %=8 >#9= & # & , -( ' , E $ ,+ H ' ( -- & ( > 4. D / ,+ & *+-D # # # 5. $ #-D # > J $*8% % & *+ $ # 9, "* &% &# # - =+&#* "* & =+& &- ' > ' ( # <=+&#*"(> "* ,+ & #(#*"

"* & ,+ & 8 9 - ' "* & ( #

"* & +#%=8 * "* & =+& ! "* &$*8%

=+& ,+ $ % & D* / ! ' (& (> # #* / D / ,

# ' -D # ,+ & ( &H *+ F( / % &-D # *+ > % & , D* # >

/ # *+ : >( # "# ' > & -D #

Annual Report 2013

+ &$- E

/ *+ $ #-D # - 8& *+ 5/2552 #,+ > *+ 26 f B -# 2552 # % % / *+' -> # E $ % & -D # > " > & *8 1. " #* & & & *+9F &' * &

2. " #* -> - #B ' > " B *+ # "#' #* " E ' D -> # ! " % &" > " ' / F'

-> # : $ D ' (& 8& & EF / > QR > " B , (> & ,+ *+ E $ *+ > > " B 3. " M # q # >( > ' % / % & ' q # *+ *+ >% & % & 4. D - , " ' (& 8& -- <=+&#*-> # ! " ,+ / *+ ! EF " $*% & ' " -( ' EF " $*% & ># 8& % (># $ # EF " $* #(#*QR % (># $ # > ( & 1 - 8& 5. D *+ *+ > & , *+ #*-> #% ' & &E $ ! # q # ' % / % & 8& *8 ,+ # + >( & ( >"# "#E ' ! $ "F&" ( 6. / & % &-D # > " K E > & / % & <=+& & & ( > & & # -D # > " ' & > % #F ( & & ( *8 6.1 -> # : *+ > -> #9F & - 9 > ! *+ $,+ 9, % & & & & % & 6.2 -> # : *+ > -> # * & % & -> - #B % & 6.3 -> # : *+ > M # q # >( > ' % / % & , q # *+ *+ >% & % & 6.4 -> # : *+ > -> # # "#% &EF " $* 6.5 -> # : *+ > *+ #*-> #% ' & &E $ 6.6 / > $ #-D # > " ' % (># $ #% & # > " ' ( ( 6.7 -> # : , % " & ># *+-D # > " M *+ # q (Charter) 6.8 ,+ *+ : >( EF 9, ' EF & +> -> B % % *+' -> # E $ *+ # # -D # 7. M ,+ # *+-D # % & # # > -> # : $ -D # > " 8. M *+% &-D # > " , #*% "&" >( #* , / & ( *8<=+& #* E ( &#* "/ - ( L & ' E / & % & -D # > " & (

-D # ,+

/ &' %B > *+-D # > " : "#-> 8.1 *+ -> #% ' & &E $ 8.2 , #*" +&E , #*-> # ( & *+"/ - -> - #B 8.3 QR QÂ&#x2022; q # >( > ' % / % & , q # *+ *+ >% & % & -D # % & , EF #( / #* & ' %B > #> - =+ & # > " =+& & >( #* , / #> - =+& ( "/ & -D # / '

, ' (& ) :

Annual Report 2013

+ &$- &$-

42 #" * G $ #-D # - 8& *+ 11/2552 #,+ > *+ 29 2552 # % % / *+' -> # E $ % & *+ ' # EF ( > & *8 1. # -D # ' -D # ' " & EF ' &

/ ' & / > % & ! # 'E / & ,+ N # ' & # D *+ # -D # 2. / * % / ) ' / F' M & % &"(> & ( &H ! # q * ,

% &- % & ' ! # q # >( > ' % / % & ' (& ) , q # *+ *+ >% & % & 3. #* / D # # *+ # # -D # ' -D # 4. "(& " #' I -> # F -> #" # 9' ) B % &EF ' & " -> #" # --* &- ,+

+#) B ' " B % & &- 5. '">& " & 8& - > D $ ' *+ *+ >% & ># 8& #( ,+ ! +# ' ( ' & 6. D # >& & $( $* & " $* - < Short Sell *+ ' &-/ " +&<,8

% # ' % <,8 % E % $* (Trading Error) ! >& & # *+ / > 8& *8 / ! # * *+-D # /

7. (># D # -( $ ( #* D ! & <=+&# / > & & , 'E / / "/ & $* H <=&+ #*>& & #( 500,000 ( # ' & -( $ ( -D # 8. (># D # -( $ ( / +> % & <=+&#*>& & #( 200,000 ( # 9. / " ( & "' 8&"/ & & " ' (># D # ( & "' (EF ' & D #E % & ' E M & % & & ,+ / " (

-D # D E ' ' / " -D # ,+

# 10. (># D # ( E ' ' ( *+ > *# ' EF " % ! # )% & ' (& ) 11. #* *+ & ( -D # ' -D # 12. (># D # && ' (& 8& 9

9 / ' (& & , F &% & / ' (& +/ >( # EF 13. (># D +# & , , -( &% & & , F &% & / ' (& +/ >( # EF 14. & &> & , F & #% &- / & % & 15. M *+ ,+ # *+ # # -D # ' -D # "/ / # *+ *+ > -( $ ( ' <,8 " % & 8 *+ $ #-D # - 8& *+ 11/2556 #,+ > *+ 29 f) 2556 # > & *8 1. -( $ ( / <,8 " *+#* & # D / <=+& # -D # ' >

Annual Report 2013

4. 5. 6.

1.1 "/ " & Front Office # # EF "F&" % &" % /QR , > " & , # EF , ( ( =+&% & # ! EF # 8& *8 ! # / " &- $ 1.2 "/ " & Back Office # # EF "F&" % &" & , ( ( =+&% & # ! EF # 8& *8 ! # / " &- $ -( $ ( / <,8 " *+ #(#* & # D / & / %

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

Annual Report 2013

L - /+ 42

D > *+ 31 > -# 2556 EF % & #* # & ( *8 L - - " > $ " %> .". " I " $ $ B D " > $ $F &) ) L & D* 9 & * $ ' &-/ ) B f $-" % &) .". $ D > D

/+ # & # *+ (EF ) *+ # EF ( # EF " > D $ # EF " " # EF " " # EF " " EF / & / ' (&"F&" " " $*' & ' EF $(> # EF " $*' &

*+ $ #-D # - 8& *+ 2/2553 #,+ > *+ 26 #B 2553 #*# ' (& 8&-D # " > $ ) L $ # " ' # > " / & / ' (& # " . . . "#$ > D $ " * # " ' # > " ' Â? & < < # # / & / ' (& # " ' /

/ *+ ' -> # E $ % &-D # " > & *8 1. D -> # # "#% & - &" &' &- % &-D # 2. / - D"# *+ # "#' DG " -- ,+

/ & / ' (& # ' EF "F& >#9=& # E M & % & # *+- / > ' EF "F& 3. / > * ' > * # - *+#*- D"# # "# ,+ - , -- *+"#-> "

$,+ / & / ' (& # ' EF "F& 4. / & M & " -D # ! /

( & : # , 8& # 2553 8 M #% &- % & <=+& / EF 9, - =+&#*- ' "* & =+& ( =+& "* & 8& *8 ,+ ! # $ # $ / .). 2535 % 21 9=&% 27 % & #> *+ 5 % &% &- % & / ,+ & *+ > , 8& # % & <=+&" # 9" "(> *+ ! " "/ - & *8 1. / # #* #( >( 5 - ' ( #( 15 - 2. - D"# % & # #* & *8 2.1 & ! EF *+ B > 2.2 #( ! -- # , -> #" # 9 2.3 #( - / - -/ -> #E *+ > *+ # 2.4 #( - 9F & (

$ , (> & % & L L ( *+ 3. , # % & / *+ $ #EF 9, # DG & ( *8 3.1 EF 9, =+&- #*- ' "* & ( =+& ( =+& "* & 3.2 , # $ > *

"* & &- ' , # ! -- - > - , - > - #' ( *+ $ #EF 9, : "#-> ' ( &# ' ( - 8&EF 9, &

"* & > - ' *+#* 8& #

' (&- ' "* &' (- , -D # * & #( 3.3

"* & &- ' , 8& # $ "* &% &# -- *+ - ' "F&" ' EF *+ - ' & &# ! EF , 8& ! # ( D* , - > - ) Annual Report 2013

3.4 D*- ' ( *+ $ # ! EF

"* & +#%=8 * =+& "* & ! "* &$*8%

4. # / ' (& #> ' > # / ' (& #,+

4.1 "* $*> 4.2

4.3 % - D"# , #* D & # # q # >( > # $ /

4.4 *+ $ #EF 9, &#

> - ' "* & #( >( " # "*+% & / > EF 9, *+# $ #' #* "

"* &' #* / > #( >( =+& =+&% & / > *+9, EF 9, *+# $ #' #* "

"* & 4.5 ) #*-/ " +&

5. D* *+ / ' (& # >( & & E ,+ - >

#> -D # , -- <=+& #* - D "# # *+ q # / % ! # ' > ' ( > % & # , >( " & , -D # #( , -- % # ! # ' : -- <=+& % # ! # ' & ( > F( / ' (& # * & ( > *+ ,

F(% & # *+ ' "/ ' (& 8& # " 8 -D # D ' (& 8& #- D"# <=+& ! #% / % 8 +/ # )-D # / ' #* *+ D * > *+ / > ) ' (& ) >(

> - D"# ' % % / & % &-D # > " & *8 1. 9, #( 1 % & / > *+#*"

"* & 8& # % & ( ( (># EF 9, ( , EF #* / -> - #% & 8& *8 ># 9, % &EF *+ *+ >% & # " 8 H > 2. #( ! , - ! # *+#*"(> (> # & F & & *+ = *+ & , / , EF #* / -> - #% & > ' ( #* D & ( ># ' > #( >( 2 ( ' (& 8& 8& *8 D & # & ( > #( >#9=& D* *+ # " *+ - ! % $ , *+ = % &"(> $ <=+& ! EF 9, ( , EF #* / -> - #% & 3. #( ! -- *+#*-> #" # &" , * # q # D *+ ! # -F("# " *+ & ' ># 8&-F("# "% & % &EF EF 9, ( EF #* / -> - # , -- *+ "

! EF , EF #* / -> - #% & , ( 4. #( - , - #*-> #" # & ( ( (># EF 9, ( , EF #* / -> - #% & D *+ ! % %> & $ > D ( & " % & ># 8& #( ! , - ! EF 9,

*+#* , EF #* / -> - #% &EF *+#*-> #" # & ( ( (># EF 9, ( , EF #* / -> - #% & > ' ( #* D & ( ># ' > #( >( 2 ( ' (& 8& 5. #( ! , - ! EF " $*% & ( ( (># EF 9, ( , EF #* / -> - #% & EF %

' #( ! EF 9, *+#* EF #* / -> - # , "(> % &"/ & " $* <=+&EF " $*% & ( ( (># EF 9, ( , EF #* / -> - #% & " &

F( > ' ( #* D & ( ># ' > #( >( 2 ( ' (& 8& 6. #( ! , - ! EF &> $ $* H <=+& >#9=& ! *+ = q # , *+ = & & <=+& -( >( 2 ( ( ( (># EF 9, ( , EF #* / -> - #% & ' #( ! EF 9, *+#* EF #* / -> - # , "(> % &EF &> $ $* 8 > > ' ( #* D & ( ># ' > #( >( 2 ( ' (& 8& 7. #( ! # *+ ' (& 8&%=8 ,+ ! >' % & # % & EF 9, ( , EF 9, <=+& ! EF *+ *+ >% & EF 9, ( Annual Report 2013

8. #( *+#*"B * > ' ! '%(&% *+#* % & , ( , #( ! "(> *+#* & "(> , ! # *+#*"(> (># & F & & *+ = *+ & , / , 9, 1 % & / > *+#*"

"* & 8& # % & ,+ <=+& *+#*"B ( & * > ' ! '%(&% *+#* % & , ( 9. #(#* D ,+ *+ / #(" # 9 -> # : ( & ! " *+ > / & % & ,#& -D # ' (& 8& &" >)) > # " & & EF / > "/ q # / *+ ! % ' % #F % & % # * *+ M " ' 1 &$- # 4 "L ,#& 1. -/ ' / ,8 & ' ( # *+ > % q # DG * ' % &- ( & H % & ' F' #* M ! # q # * ' % &- ( & H % & 2. "(& " # -D # #*-> # F -> # % *+ > / F' ' E #* M # 3. * # * > $ # " $ #EF 9, ' $ #-D # 4. $ #EF 9, ' $ #-D # ! # q # % &- % & ' ' > M *+ * 5. = & $ #EF 9, ' $ #-D # ># 8& # #* M ## *+ $ #EF 9, ' *+ $ #-D # 6. / ' : * # & / &", $ #EF 9, &", $ #-D # & $ #EF 9, ' & $ #-D # 7. / # ' EF / & #*"(> "* % & ' EF *+ *+ >% & # * + q # /

8. : & #*"(> "* *+ & # , EF # *+ q # /

9. F' #* K E % #F ' & " " ) "(> *+ E $ ( (> & *+ / F' 10. " & EF 9, ' (> & *+ / F' 11. M *+ ,+ H # *+-D # # # / &

% &- % & / # #*" & / : # >& & #( " % & / " % & 8& *8 F( % &-D # ' - D # #* " & -( & *8 $ # -( "> " ' -( ' ,+

#*" & -( &' -( $ ( H *+ > ,+ & / & # * % & >

Annual Report 2013

/ & &$- ! /# -( *8 $ # -( ' # > " ' -( ' -D # $ ( / *+ $ #EF 9, <=+& *+ $ #" # EF 9, / 2554 2555 ' 2556 # -( *8 $ # # -( ' # > " ' -( ' -D # $ ( # ( ! , & *8 / &$- L #G42 + : 2556 / & / " ( &)

/ &$- L #G42 + : 2555 / & / " ( &)

/ &$- L #G42 + : 2554 / & / " ( &)

,#& - # - & # - #

100,000 50,000 35,000

/ - # > " - # > "

30,000 20,000

L " - _* - - #

30,000 20,000

* / :

( J # *+# ! & % & ! # ( ! , J , *+#* $ #' ( J # *+ % (># $ #

1,200,000

400,000

600,000

200,000

" + # "2 &$-"$

E / &

$% L

) " F L - # $ / ) - & # - # > " . . > I " $ - & # . . . "#$ > D $ " * - # - # > " $ ) L $ - # - # > "

//+

- 2556 # / > 16 ( -( ' F -( *8 $ # / > 7.44 ' / : # / > 2.31 - # > " 3 ( -( ' L # > " ># 8&" 8 0.84 * ( -( ' -D # ' -D # $ ( 2556 ! & *8 / & ( &)

240,000 200,000 600,000 175,000 420,000

20,000

30,000

60,000

360,000 175,000 420,000 240,000

Annual Report 2013

" > $ - # " %> - #

. " b ) *" > D(1) - # Â? & < < # - # f b - 8>-$ - # "#- ", F - # - # & &" >" I " - # . . . >* & $,+ B * - # > " L ) " - # " ##*+ $ - # $ $ B D (1) - #

20,000

" + # "2 &$-"$

E / &

$% L

//+

/ & ( &)

140,000 420,000 140,000 420,000 350,000 140,000 420,000 70,000 420,000 175,000 420,000 360,000 140,000 420,000 70,000 420,000 140,000 420,000 140,000 420,000 70,000 7,440,000

2,305,000

840,000

360,000

70,000

60,000

/ : (1)

! # #*E #,+ > *+ 1 f) 2556 (2) ' (& 8& ! # ' # *+

# *+ $ #-D # - 8& *+ 9/2556 #,+ > *+ 30 2556 #*E #,+ > *+ 1 f) 2556

/ &

2556 # 4 ( ' EF / > 5 ( -( ' F % & & , " ' E '

,+ ( #( >#-( *8 $ #% & # *+ ( > > % & ) ># ( 180.46 / & - / & -

) " F L # / 9 "(> ># $ ' 9 / / ' (& ! EF E $ -( 8/ # ' -( <( # / & ( &H * 8& & ( -( "= $ 9 "(> > & ( > * , 50,000 / & - 42

#* & "/ & *8 &$* "# "(> 4 % & & , 2556 ( & "# & "/ & *8 &$* "/ EF 5 / > 0.815

Annual Report 2013

& + $% L$ *+ $ #-D # - 8& *+ 18/2545 #,+ > *+ 22 -# 2545 #*# / 8& & "/ & *8 &$* * ! & "/ & *8 &$* # $ & "/ & *8 &$* .). 2530 ' J ' % +# # .). 2542 <=+& / 8& & "/ & *8 &$* #,+ > *+ 25 > -# 2545 ' #,+ > *+ 1 f) 2549 *+ & "/ & *8 &$* & ;K <( / ( #$,+ & & / ) ! & : * ( ) ) / ' #,+ > *+ 1 q -# 2552 *+ & "/ & *8 &$* & : * ( ) ) / ! & :# ;<* / (# $ ) <=+& ! EF & # â&#x20AC;&#x153; & "/ & *8 &$* :# ;<* # " ;O <=+& * ' >â&#x20AC;? ! & "/ & *8 &$* B Master Pooled Fund ,+ & ! #% / % & $ & ( > # * % & & <=+& # *+ $ #-D # - 8& *+ 18/2545 8 / ( & "# % & ( "(> *+ & <=+& ! "# $ & ( & & ( > & ( & " "# % & % &-( & , & , H , # & *8

" 3 4 5

#( 3 # >( 3 ' ( #( 5 # >( 5 %=8

& "# *+ ( % & "/ " 8 " > *+ 31 > -# 2556 #* / > 14.39

D > *+ 31 > -# 2556 #* & 8&" 8 915 - ! & *+ / F( *+"/ & ( / > 331 - ' & / F( *+"/ & " % 59 ' (& / > 584 - <=+&" # 9' (& #" & & *8 614 - " & " & > D $ 17 - " & - *' " " ) 22 - " > - 10 - " $*' & 11 - 8 - " > " ' / F' " ' ,+ H 233 -

915 # # (& # 42

" > $ # ! % & ##*+ $ # #/ &+ 4 " Â&#x20AC; 42

- #(#* #GG &$-

$ 3" $ 3 " / " &$-&+ 7% : 2556 - #(#*

42 * ,#&* - #(#* â&#x20AC;&#x201C; Annual Report 2013

#" ,#&6 E # &$- 19 # ( 2557

Annual Report 2013

& -#

9. + # "2

+ # "2

-D # $,+ # + ! ( & +&>( *+ #* / F' *+ * ! O "/ - / "F(-> #"/ : ' N # *+"/ - "F&" >#9=& " #" & #* % & M & *+#* " B ! ,8 L % & ( &#* "9* B ' +& , ' ! $ ( EF 9, > -D # =& #* *+ "(& " # ' E / F' *+ * (> & ' - % & ( & ( ,+ & B % & *+<,+ " " (& " > " * *+ & -> #% ' & &E $ ' #* K E % #F *+9F & - 9 > ' # > &' E $ % & F - ' EF 9, (# ( & ( * # >#9=&-/ =&9=&-> # E $ ( " &-#

+ # "2 ,#&6 ! 5 " "# $% & 42 (Rights of Shareholders) 1.1 -D # F' ' - #- & EF 9, " % 8 ,8 L & *8 1) #(#*% / , > ' ( 8 ! / #* / > EF 9, ! -- *+ #( $(" $ 9, 49 % & / > *+

/ ( 8& #

2) " % #F %( >" *+9F & - 9 > ' > 3) " " $,+ ' (& 8& , 9

9 # ' -> # : $ ' (& 8&EF " $*

" 4) " (># " *+ ' & *+"/ - % & 5) " "(> ' (& / / & 6) " % (># $ # '

"* & &# $ #EF 9, & *8 - " $,+ ' (& 8& , 9

9 # - ' (& 8&EF " $* - " & O E - / , ' %% &- ' &", -D " - , +# - # ) - ,+ & ,+ H *+#*E ( # *+ q # /

1.2 EF 9, &", $ $ # ' % #F *+ > > > "9 *+ ' > $ # &",

# J ' * > * # J " # " ( & 1 - ! EF # /

% #F *+ *+ >% & ,+ & *+ & " *+ $ # ! (>& ( & * & ' > 1.3 / > -> #" > EF 9, $ " % (># $ # "9 *+' > *+ # "# ,+ EF 9, % (># $ # # *+"

1.4 / # - J ( & +& # > " % (># $ #EF 9, ,+ $*8' & , -/ 9 # ( EF 9,

Annual Report 2013

1.5 EF 9, " # 9% -D # +# ,+ & > $ # ' EF 9, " # 9 8&-/ 9 # % -/ ' '" &-> #- : ( & # "# 8 & *8 -D # #( + #> $ # #(' & EF 9, (>& 1.6 EF 9, q DG ( &H *+ $ $ # % 8

"* & &# >#9=& E ' (% #F > $ # > >: < % & ! (>& ( *+ "(& " ' (EF 9, ,+ ! K " EF 9, #* > )= % #F $ # (>&

( & * & ' K " EF 9, "(&-/ 9 # (>& ( > $ # 1.7 / #*- > # : % &-D # ' ( > ' #* = $ #

= : < 9 #' % - : *+"/ - > ( &9F &' - 9 > ,+ EF 9, ' EF *+ *+ >% &" # 9 > " " # 9 > & $ #" # / *+ > < % & 1.8 / # ' EF "F& - % & K E % #F -> #" # 8& & &' & # EF 9, ( , -- *+" # *+#* # *+ > & 2.

{ #/ / 42 & &$ # (Equitable Treatment of Shareholders) 2.1 #" L 42 &$- # * $ { #/ / 42 & & &$ # "# $% 1) "(& &", $ $ # ' (EF 9, (>& #( >( 14 > ( > $ #EF 9, ' E ' (% #F *+ > > > "9 *+ ' > $ # > >: < % & ( *+ "(& " ' (EF 9, ,+ EF 9, #* > )= % #F ( & * & ' K " EF 9, "(&-/ 9 # (>& ( > $ # 2) -D # K " EF 9, " # 9"(&-/ 9 # ! (>& 7 > %=8 ( > $ #EF 9, 3) #* ) & &", # > ( ( > $ # #( >( 3 > ,+ ( > * $ #EF 9, 4) / > -> #" > & * % $ #EF 9, $ - # > $(> & * ,+ -> #" > ' > :>' (EF 9, # *+"

5) $ #EF 9, #> > ' "9 *+ *+EF 9, " # 9 % (># $ # " > # *+ ' & ( EF 9, > #(#* *+ ' &"9 *+ $ # ( & / EF 9, #( " # 9 % (># $ # 6) -D # K " EF 9, $ &", # J F ' *+EF 9, " # 9 /

) & &- ' "* & ' " $,+ # " ( & 1 - ! & , # J % &EF 9, $ # EF 9, " # / 2556 #* EF 9, # / $ ) L $ <=+& ! # " *+ " ! EF # /

"* &' 7) *+ $ # ' & q DG *+ $ $ # % 8

"* & &# ' / > 9, % &EF % (># $ # EF 9, *+ $ #EF 9, 8) EF 9, *+ ! EF % & #(#* +#> $ # *+ #( ' & ! (>& 9) ' ( #*" ' "* & ( 8& *8 EF 9, #*"

"* & &- ' # / > *+ #* ' #* -> # ( * # % #F %( >" % & Annual Report 2013

10) *+ $ # +# $ # # / > *+ / > &", $ $ # 11) *+ $ # K " EF 9, < 9 #% #F ( & :# *+ 12) -D # " " #* $ &- ' "* & > J > *+"/ - $( / *+ > & / # , / ( <=+&" ' , 8& # ! 13) $ #EF 9, EF 9, 8&EF 9, *+ ! EF EF 9, *+ #( ! EF ' EF 9, ( &$ M *+ ( * # ' ! # 14) EF 9, *+ % (># $ #" # 9 $ " &- ' "* & D* ' ( " : > " #( : > ' " &

"* & 15) -D # K " EF 9, $ " ' (& 8& # ! - 8& *8 $ #" # EF 9, / 2556 #,+ > *+ 22 # 2556 % & #*EF 9, % (># $ #

> & 156 / > 303,456,999 #*EF # J EF 9, 164 / > 584,027,622 ># ! EF % (># $ # 8&" 8 320 / > 887,484,621 - ! 38.08 % & / > *+ / ( 8& # - ! &- $ # #% &- % & 2.2 ) # *L 2 * - 4 L (* / 42 - * & L #* ' q * % / ## # EF ' & / <,8 % , <,8 % " $ % #F B ' #*# N & ( > & F % #F B >( & (> & ' - % & $( 1) #*% / *+ > # ' % / #QR ' & *+ *+ >% & $ % #F *+ > Watch List , Restricted List ' Research List / <,8 % 2) / * ' # N & (>& F % #F B % & F - ' (> & B (Chinese Wall) 3)

) *+ > " " )B *+ & #( K E ( EF & +> 4)

) *+ > D% &EF ' & ! D ># 8& / & #* QR QÂ&#x2022; > > 5) #* ' (& 8&-D # > ' D ,+ D D*QR ' & #* M QR QÂ&#x2022; q * % &- % & , % & &- / F' B *+ /

2.3 ) # 3 *

42 *L /+ &$- - L ( / * & &$- L 1) / # ' EF % & & *+ ' & 9, - & (

"/ & -D # / ' ## 59 ' (& $ ' .).2535 2) # #( # EF ' & % & *+ *+ >% & % #F B K E % #F B ' ( -- B , -- *+ #(#* *+ *+ >% & 3) # #( # EF ' & % & *+ *+ >% & / & & & ,

% #F *+ *+ >% & ,+ <,8 % % & ( )& & Annual Report 2013

2.4 #" & 4 L ( 9, ! "/ - *+ #( # EF ' & % & '">& E $ "(> =& # #( # *+'%(&% * *+ & / *+ *+ > & & *+ ( -> #% ' & &E $ D* *+ / ! & / $( 8 -D # F' / 8 #*-> # (& " *+ & # "#, / -- B 8& *8 # EF ,

& *+#*"(> "(> "* 8 & #(#*"(> D # D* *+ % %( *+ *+ > & B )% &"/ & . . . , ' ( & ) -D # F' #* M # DG > * ' K E % #F *+ > & % & * ( & - (&-

2.5

# ,#&6 # ,#& ,#& ,#& * "# "$ # " 2 2.5.1 / &+

# / # -> - # / >( & % & ( (># ' ( * > -- *+ #*-> #% ' & &E $ #*"(> "(> "* ,

#*-> #% ' & &E $ - # )% &-D # . , -D # > " ! EF -> # : *+ > -> # / ! % / ' -> # # "# & - % & D &,+ % ( &H ! # D / - ' #* * * - *+ %=8 -- B D* *+-D # > " #(#*-> #$/ D >( & *+ %=8 #*EF $*+ >$ " , EF " $*% & ! EF -> # : *+ > >( & & ( > ,+ / " % &-D # ' / , -D # > " ' / , EF 9, #' ( D*<=+&EF *+ #*-> #% ' & &E $ , #*"(> "* / >( & #(#*"

"* &

# / >( & & ( > 8 / K E % #F / *+ *+ > & ' # ,

/ ( % &" *+"/ - % & ' ( #% / % &-D # . . . '

>#9=&# L $* *+ / "# -# $*' EF " $* ' (& ) 2.5.2 &+

# * / ( (># ' ( * > #* % / >( & -- *+ #*-> #% ' & &E $ - ! ' " " <=+&#* &,+ % & - +> -- *+ #*-> #% ' & &E $ J - , - *+ . / (# $ ) / / >( & #* &,+ % ( &H ! # D / - - <=+&" # 9 * * - *+ %=8 -- B <=+& ! # *+-D #

# > ' > # *+ / > $ ' ' M #" *+ & Annual Report 2013

(># ( & - (&- # 8& / - ' &,+ % ( &H $ ! # ' #( ( 9( E $ 8& *8 D* *+#* % / #( , #* *+ ' &% & - ' &,+ % *+' ( & #" > " ' / F' / *+ > " % #F ' / & ,+ -D # > " D ' -> # : 9=&-> # # "#% & - ' -> #"# "#E % & / & ( > H # " D* ' " " ' >( & ,+ H

/ ## -> - # / >( & *+ > % & 3.

+ 7 7 & & 42 $ 3" $ (Roles of Stakeholders) -D # #* *+ F' ' " # *+ q # / % &EF #*"(> "* (# <=+ & > (# F - EF 9, EF & *8 -F(- EF " $* " EF & B - L " &-# ' (> &

,+ H *+ *+ >% & ,+ EF #*"(> "* # + >( " & ( > - #- & ' M > -> # ( * # & *8 "2 - " # # &"B '> # % ,8 *+ / & # %=8 ,+ -> #'

/ & & #*- DB $*> *+ * ,+ & " &" - E & *+ * )' I -> #" # 9% & & F( "# * 8& / " %B & - "2 - / & # " # #* F' ,+ &-( ' / KPI # $ D -( ' #E M & % & & - ( & ( * # ! # ' #*- D # D -( ' ,+ D E ' *+ # "# #"/#% & + $% L$ # & "/ & *8 &$* -, & *+ &' F & (># 8&%=8 & % & & # & *+ F & ( "(> =+& * >( " & " "#â&#x20AC;?' & ( & % * "(> =+& * >( " & "# " + -, F &

# ' > & &$(> F &

# * ' & =+& > =& ( > >( 8& & "/ & *8 &$* ! F ' =+&% & "> " ' ( F & =&$(> " &' & F& F & / & & H 8& & "/ & *8 &$* / F &#*

# ( & ( ,+ & #*> ' #* &$(>

#' > &#* / &

E & & EF #,

$* *+ * >( " "

E *+ %=8 / # J *+ "# $ & - #" "(> % & & *+' ( - #* F( & #F ,#&6 #*-D # " ,+ - , - #* QÂ&#x2014; #B ' "(& - % & #B ,+ I -> #" # 9 / & ' ># 8&"(& " # & #*- D #' # M & ( &<,+ " " ' & : % #F % & ' % & F - > ! -> #

Annual Report 2013

&$- 3 $- # " & , L 1. " " ' - N &" # $ F' # % & % #*"(> *+ >% & (>& # " # $ $( #(" " &- $ ' && (Forced Labour) ( $ ' && : (Child Labour) 2. -> # - 9, ' M ( EF #*"(> "* QR > -> # ! # ,8 L % &) b) * -> # ! # #( , M #(' (&' 9 + / $,8 $ ) "*E > ) " "B ( & L $ F { #/ &$- !

# 4 "L / 2 #*-> ## (&# + " &-> # =& "F&" ' ( F - "(' E $ ( &#* DG

#* M *+$ ' ! # / F - ># 8& I F ' ' + #$( & & / & , ' ( F - % #F *+ - 9 > 9F & ' #( , % : & 8& *8 * #$( & & ,+ & & * ' ' & '" F - ' / % 8 M *+$ ,+ F - % & -> ## + >( #* M & *+ > :> # ' $,+ 9,

*8 % (># > "/ & . . . % >( & F - # D *+ / > )% &"/ & . . . F - " # 9 / % % "F( >

& ( > { #/ &$- !

# 4 "L / 2 " " ' "(& " # / & ( & ! # ' M # q * ' DG % & & ( & - (&- J ( & +& M # DG *+ > -( # * # ! <,8 % ' <,8 % " >#9=& ( E ' EF ( EF & ' > *#

{ #/ &$- !

# 4 "L / 2 / -F(- M # &,+ % " *+ / > <=+& & #( ",+ # "* ( , % ( q # H #( (>& # " & O $( $ ' #- # > *+#* %" b 9F & ! ' -/ =&9=&-> # "# B - / & ( & ! #' #* D { #/ &$- !

# 4 "L / $% = # + " ' 9, M # &,+ %' % & *+ / > " F ,# *8 , <,8 " - ' $/ -, &

*8 ' F' ' $/ -( <,8 " - ' { #/ $- # 3 "& # ( & CGG & z 1. & / ' "(& " # - M & B q # , % / *+ *+ > " " & O #(>( ! - ,+ & # - " %" b -> # & - ' " & O ,+ *+ q # /

Annual Report 2013

2. - % & #*" ' " " " &" - E & ( & " B q # *+ *+ >% & E & *+ M & # *+ , & *+ $ % #F % & , & *+ / %=8 ,+ J 9, ! " % & > ' ( D* *+ ( &$ >( 9,

! E & % &EF - - EF L EF > , -- ,+ 3. "(& " # - % & 9=&-> #"/ - % & - " " & O 8& *+ *+ >% & M & &' / $*> / > 4. / E & , % #F # $ M & EF *+ *+ >% & & > " # + >( #( ! # " & O % &EF ,+ { #/ $- # / / & / # / ( ( # L#- ) - 4 L ( & ,#&6 1. #* -> - #B ' # -> # "*+ & *+#* " B ' # "# ,+ N &

M *+ #( # "#% & - ' -- B *+ *+ >% &% & 2. "(& " # " &-( #-> #<,+ " " ' -> # E $ ! > I # &- ># 8 & -> # ' ( - % & >( ! " +& *+ #(-> M 3. #* & "9 & *+ ( & "' 9F &B # L $* *+ # " 4. #*$( & & ",+ " & ' EF #*"(> *+ >% &" # 9 *+ ' & '" % " ' , & * D* *+ > #*# - #- &" EF ' & '" 5. / #*# N & # , % & / " , $ ,+ *8 & & , -( $ ( *+ % % / <=+& #( ! # DG % & , ! QR QÂ&#x2022; q # ) *+ *+ >% & 6. / #*# N & " F ' #(>( / , + / > -> #" > , ,+

-> #" # / $ #(>( & & , & # 7. / <,8 & & / ( & (& " ! # B q * ' % 8 M *+ 9F & 8. / & - ,+ ) ' & " " B -> ! ( & ( & "' 9F & # q # ) *+ *+ >% & 9. #* "( & " # ' *+ -> # F " D ' ' > M *+ * >( & ,+ *+ F(

" # * > ># 8&EF #*"(> *+ >% & QR ,+ ! ' > (># M ' % (># # ( - $ + <=+& %=8 "# -# - , (> & / F'

,+ H

Annual Report 2013

{ #/ $- # # 9=& ' -> # E $ ( " &-# * 8& &#*-> ## (&# + *+ '" &-> # E $ (

" &-#' (EF #*"(> "(> "* ( ,+ & ! / " & # D"(> =+& ,+ / # / # &" &-# "(& " # )= / / &) " ' "(& " #- DB $*> &" &-# ( & $( 2556 / # )= 8& # 4 - & / / &) " 11 - & ' "(& " #- DB " &-# 11 - & " '7 , 1. " " )= ) / / # " / > 20 #> : ' (&$ #* : *+ % (># - & % ,8 *+ / / # " / > 3 & * ' : % ,8 *+ -* & * 3 & * ,+

! " #" &' & F& : #*-> # QR F QR * ' I -> # F % & : 2. " " * " % &-D > )> #) " ' -( >$ ( &H % &#F > )> #) " # > # 3. " " & VASU ># & % & & * > " >* 4. " " )= "# -#) ( DG > # > # ,+ "(& " # )= ' / : $ ( &H ( " &-# " &+ + ' 1. " " - & > "> # $ 8 *# > '#("F(> ( #*> 9 "&- , + (># J & $ * 2600 ' (& " F % & 2. " " - & $ " # D B -f F J # * ,+ & > " *+ "# : F( > & $ # 86 ,+ ! '" &

<=+&-> # & B * # $ ! " # D ,+ F QO&- D # D* *& #' (" &-# ,+ ! &' ",

) " # + -&"9 ", ( > " $ 3. " " #F # $ ,+ -

# $FB #B 9> E R " # --*# ) . $ / . $ * 4. (>#" &) * > #, & .% ># & ." B* . $* & #( 5. (>#

E R " # --* $ % &#F 14 D > O . * 6. (>#

L $ / 2556 ,+ /

9> ' ( "&Â&#x161; / D # >& > " & . " & . #, & $* & #( 7. (>#

$ E L / ) $ 2556 ,+ / 9> "&Â&#x161; / D D >

" ) $> # > 8. (>#

L " # --* > " # . & > / F 9. (>#

L " # --* " & %,+ - * " # : ' " & &- & > & :

> > & : . & : . &- . J $ & 10. (># ! B

L " # --* > ) & # # '%>& ( ' & % & % 11. " " - & $ " # D B -f F J # * "# : $" > " * ' & * #" # > " * Annual Report 2013

" E # 1. " " - & " ' " QO 8/ & D . $* & #( 2. " " - & ,+ &EF " &" &-# F " & / & ( & "

# ) - 8& *8 3. " " "# -#"(& " #"9 B " * )F )= ' QÂ&#x2014; $* " * ,+ * " QÂ&#x2014; $* " * 4. " " - & # ,+ ;Â&#x2022;Â&#x2013; ;F : >#9=& : ) #* " %B *+ * 5. " " $ # $ ' $ ICOMOS 2013 ,+ ' *+ -> # F *+ > ' ", " # > I # $* 6. " " #F - ,+ "(& " #' " " #' <,8

D '% * # % * # ' (- ' : : *+ F( > * 7. " " - & -> #$(> , "& - " > E F " ) / 2556 % &"# -# "& - " > # $F 9 #B ,+ / $(> , " > " 8. " " "# -#"(& " # $* - ,+ " " $(> , -/ ' / ' (- B -> # ,+

$* - 9. " " #F $(> - O ( ' (& ) # $ F 9 #B > ># $ # O ( > ,+ / % EF &" O *+ / & -> #$(> ,

- - # & >

E ' (> * N & ,+

B > O 10. " " - & > "*% > ># D &- B

" ,+ ,8

( EF R>

" % 9 F

8& 11. " " - & O :

<8/ < ,+ "# " & & * )= :

<8/ < .$ / . $ *

* $ *L & # $ & 1. F' " % & F( "B *+ $ & * ' N & " % & # "* , "F 2. D* *+ " % & *+#* & , -- -- =+& E $ F' -> # "* , "F - - 8 & E $ (># # *+ / > * % & - ,

( &H % & 3. $ " % & M *+ ( & ' F - D-( ,+ $ "F&" -/ =&9=& "B '> #' && -> -F( > 4. #( $ " H % & ,+ $ "(> > , -- ,+ # $ 8& & &' & # 5. #,+ "B ! - % & &"(&# " ( &H *+ $ M & >#9= &% #F *+ $ M & E & " + & L -, #(>( ! % #F *+ : > F ' H ' # = - , "/ % #F ( 8 ,+ / E ' ( , '">& E $ #(

Annual Report 2013

* $ * 2 Â&#x192;Â&#x201E; # * - - " 1. M # q # ' % &- *+ > " +&'> # ( & - (&-

2. "(& " # & % QÂ&#x2014; # -> # F *+ > " +& '> # ,+ " & "/ = ' -> # E $ ( " +&'> # 3. "(& " # & #* "' *+ -> # F ' " D *+ > " + & '> # >( & & > , >( & (> & ( &H % & 4. "(& " #' " " & #* "B '> #' & M & # "# "B '> # ( & ( ,+ &' "#+/ "#

5. #* #* N # ,+ N & #( E ( " +&'> # > ' # E / & % & ( & ( ,+ &' "#+/ "# ,+ # -> # > *8 -D # F 9=&" % &EF #*"(> "* # *+ q # / ' " " #* (>##, >( & EF #*"(> "* ,+ -> # % & ( &# + -&' +& , -/ =&9=& E $ % &EF #*"(> "* ( & ( * # ' K E % #F "/ - EF *+ *+ >% & QR

/ E( $( & &% & ' (& ) #> * ' B > *+ /

Â&#x2026;" 4 2 * (Disclosure and Transparency) 4.1 Â&#x2026;" 4 2 1) / #* / % #F ( &H ( &9F & - 9 > ' (& " >#9=&#* K E % #F ( & "#+/ "# 8 &B ' B & f E( $( & & ( &H $( > < % & ' #* &% #F ! O F( "#

2) / - - , (> & *+ ' (& 8& -D # , EF "F & ( 8 ! EF % #F EF 9, EF & > - ",+ #> $ ,

&- / F' 3) % #F *+ K E ( &"#+/ "# #* & *8 - % #F +> ' D - & & ' E % & >#9=&E > - ( &H - $,+ ' " "(> 9, % &EF 9, (/EF - O -> # "*+ &% & - -( ' % & # ' EF "F& - % #F - D"# % & # - / # EF *+ *+ > & - "/ - *+ *+ > & , EF #*"(> "* - D ' % =& M 4) / / & & , % #F & & ,+ '" &L & & ' E / & % & # *+ q # / ' K E % #F ,+ H *+ *+ >% & ( &- 9 > 9F & * &

' > ,+ EF 9, ' EF #*"(> "* % & +>9=& 5) / #* > " $* , & & EF > " $*B *+#*-> # ! " Annual Report 2013

6) / > -> #" > > - % #F % & ( -- B $( > - *+ = & - "9 -> # ( $,+ 9,

",+ #> $ ' &- / F' B ! ,+ $ " & % &EF & ,

,+ $ ,+ H 7) / K E & / F' *+ * ' E M # & ( > & / >: < % & ' K ) D *+ / "/ & ( ' "/ & " % ' (& 8) / K E ' *+% &-D # / > - 8&% & $ # / > - 8& *+ # ' ( ( % ( ># $ # -> # : % & # / *+ >#9=& K E F ' ' D % & ( -( ' # ' EF "F&' ( - & / ' >: < % & 9) / # #* *+ & <,8 % /9, - & % & -D # ! / , ,+ ! ## 59 ' ( & $ '

.).2535 4.2 E

,#&6 -D # #* & -> # E $ % &-D # ,+ && & % & ' ,+ & *+"/ - ( &H #% =& M *+ * *+ ' (& ) / '" &-> -F( & % & EF " $* & / 8& *8 - &" &-D # % & #* # " " "(> *+ * & 9(>& / > *+"

- & # DG % & (> & & *+ / "/ "(> % &-D # > " 8 #* $ / ) ' $ ) L $ ! EF #*-> # F ' " D * & *+ / *+ " -> # ( $,+ 9, % && & >#9=& K E % #F "/ - ( & * & # & & * 8& & / *+ " #* -> - #B *+ * & #* > " B *+ # L ' #* # -> # "*+ & *+#* " B "# #' # "# -D # > " , ' $ # (># " > " ' / F' ' EF " $*B ,+ & & & % & #*-> #9F &' - 9 > ' #* / & % &-D # > " K E > & / % & ' 2557 -D # > " D " ' (& 8&EF " $* / 2557 ' ( $> * " L ' / , +#) b >&) $ D ' / , =& ' / , &" > " &#D*

* F $ # " $ " " $* / # " D -( ' " $* ! / > 2,450,000 #(' ( & *+E( # 4.3 # # ( # 42 & -D # -> #"/ - K E % #F *+#*-> #9F & - 9 > (& " > ' " &- D-( & 8& "(> % & & % #F & & ' % #F +> >#9=&% #F "/ - *+#* E ( EF & ' EF *+ *+ >% & ( & +>9=& > ' #> * *+ ' (& ) / E ' (% #F & ( >E( $( & &' ",+ E ' (% #F % & ' (& ) ' E( > < % & *+ www.cgsec.co.th ' ,+ K E % #F % & #*-> #9F & - 9 > Annual Report 2013

( $,+ 9, ' & ! N & %( > , ( &H # # *+ ! EF E $ % < 9 # ' $*8' &% #F % & EF & ' EF *+ *+ >% & EF & " # 9 ( *+ # % ) 0-2205-7000 ( 1017 , *+ E-mail address: IR-CGS@sec.countrygroup.co.th *8 / " > " ' / F' ! )F & ' D ,+ & & * ' ' & '" " # 9 & * , ' & '" *+ # % ) 0-2205-7000 ( 1300-11 5.

# 4 "L E

,#&6 (Board Responsibilities) -D # #* "/ - / F' ' #*> " ) / 'E & # D ' -> # "*+ & #*-> # ! " " ,+ $ "F&" % & ' EF 9, ># 5.1 E

,#&6 1) "

&$-3 ! 42

-D # > # #( >( 5 ( ' #(# >( 15 ( & ! EF #* ' " D *+" # 9 $ > D D ( & ! " #*-> # ! EF / #*-> # F ,+ / # , *+ $ #-D # ' & ! EF #*- D"# # *+ q # / -D # > # " B <=+& ! EF #*-> # F -> #" # 9 ( & 1 3 % & / > # 8& #

( & / > 4 ( D > *+ 31 > -# 2556 -D # % & #* / > 15 ( > # *+ ! EF 5 ( # *+ #( ! EF 5 ( ' # " 5 ( (<=+& / > *8 / *+ ! # > " 3 ( ) 8& *8 ' (& 8&-D # ! #> *+ / > #*-> # (& "' $ " $,+ # ,+ ' (& 8&/ , 8& #* > % & # *+#* * * & ' K E > % & # - * ' - 8& *+#* *+ ' & # ( " D$ E( > < ' %( >" % & ># 8& K ) D *+ / "/ & ( ' "/ & " % ' (& 2)

/+ ,+ -> # ! " % & # ' ,+ ! ' (&' / ' *+ / / F' >#9=& & /

( &$ # =& #( ! -- * > # ' #( ! , "# $ -D # $ ( > # #(#* / ' (& ! EF % & #(#*E $ , "(> "* H #( >( & & , & # 8& & & ' & % & *8 ,+ #* 9(>& <=+& ' -D # / / *+ % &-D # -D # *+ ' # EF ( > ( &$ ! D ,+ #( -- -- =+&#* / #( / ' #(<8/ < -D # ! EF /

"(> -D # ! EF / & ( ># ,+ ( $ "F&"

Annual Report 2013

3) E #/ 42 &$-"+ /+

#(#* / / > # " EF *+ / & / ' (& # ' # " & ! EF *+#*- D"# # "# -/ = & 9=& -> # % & " D -> #" # 9 J *+ ! $ ># 8& ) > ' -> # # M *+ #(#* D & # # ) "/ & . . . ' #*- D"# - 9 > # $ # $ /

5.2 E

L " -D # ' -D # > " % & ' > -D # & D ' (& 8&-D # ' -D # $ ( &H & *8 1) E

& ,+ )= ' D & ,+ $*% & E ' "F&" #' > ' *+-D # / <=+&-D # & #*-> # !

" ' QR ' QR & ,+ H -D # & > + "# &$1

L - ", F

"#-

3 4 5

.". >& .". .".D L$

#" % Â&#x161; >& q " L

/+ # # ' & # EF / > &EF / > EF / > > "

! & # # # ' %

2) E

E / & ,+ / % & *+ > >( & DG -( ' ' > - &" &-( ' % & # ' EF "F& >#9=& D -> # # "#' - > # : $ D* *+ #* " % *+

#( ' ( # EF "F&' & -D # D -( ' > + "# &$1 2 3

L - $ ) L $ . . . "#$ > D $ " * Â? & < < #

/+ # " # " #

! -D # # -D # # -D #

3) E

,+ D -> # # "#% & - &" & ' &- % & -D # ' / - D"# *+ # "#% & # ' EF "F& ' DG " ,+

/ & / ' (& # ' EF "F& ># 8& # E M & % & # *+- / > ' EF "F& -D # " >

Annual Report 2013

+ "# &$1 2 3

L - $ ) L $ . . . "#$ > D $ " * Â? & < < #

/+ # " # " #

! -D # # -D # # -D #

4) E

" + # "2 &$- "$ ,+ / / F ' *+ * ' D% & # EF ' & ># 8&-> - # F' #* K E % #F M # /

F' *+ * > & / ( &- 9 > -D # / F' *+ * > / *+ 1

$,+

. . . "#$ > D $ " *

/ ' (&

3 4 5

& .". >& .".)) > #

* "9* #" % " & &

# " # ' & # & # EF EF / > % -D #

! -D # # -D # # -D # # -D # # -D #

-D # D ' (& 8&-D # $ ( ( &H ,+ & #* " B ' " E # +&%=8 #*-> #9F & - 9 > ' ! #% / % & &- / F' B $( 5) E

E D % # & # ( (Credit Committee) ,+ D DG K $* > >& & ' # >& & <,8 % ' / , " F - >#9= & DG ,+ H *+ *+ >% & <,8 % ' / , " ! ( &9F &' # "# -D # D >& & <,8 % > + "# &$-

L -

2 3 4 5 6 7 8

."." $ $ " > $ & D* $ ) B f .". >&

I " B D 9 & * ' &-/ $-" % &) #" %

# ' & # *+ (EF ) *+ # EF ( # EF " " # EF " " # EF " " EF "F&" " -> # "*+ &

Annual Report 2013

! # *+ = # # # # # # ' %

6) E

$- ,+ D -> # "*+ & ( &H ' /

# 8 + # #*- > # # "# #* -> - # ( & - ' # -D # -> # "*+ & > / *+

$,+

/ ' (&

2 3 4 5 6 7 8

."." $ $ " > $ & D* $ ) B f .". >&

I " B D 9 & * ' &-/ $-" % &) #" %

# ' & # *+ (EF ) *+ # EF ( # EF " " # EF " " # EF " " EF "F&" " -> # "*+ &

! # *+ = # # # # # # ' %

7) E

#" + # & # ( (Underwriting Committee) ,+ D / " ! EF / ( ' / ( #*-> # # "# ' #* -> - #-> # "*+ &% & / ( ( & - ' # ' ! # *+ &- / F' B / -D # / ( > + "# &$-

L -

2 3 4 5 6 7

."." $ $ $F &) .". $ .". >& B D &)

I " B D ) L

D > D #" % $ $ F

# ' & # *+ (EF ) *+ EF "F&" " > D $ EF "F&" " $*' & EF "F&" " -> # "*+ & & # EF " > D $

! # *+ = # # # # # ' %

8) E

E ,+ D / & *+ M & QR QÂ&#x2022; * DG ) % & - % & ' % & ( > & / F ' B -D # > ' D >

Annual Report 2013

+ "# &$-

L -

2 3 4 5 6 7 8 9 10

."." $ $ " > $ & D* $ ) B f & .".)) > # .".

I " B D 9 & * ' &-/ $-" % &) * "9* " & &

# ' & # *+ (EF ) *+ # EF ( # EF " " # EF " " # EF " " EF "F&" " > " ' / F' EF "F&" "/ q # EF "F&" " --

! # *+ = # # # # # # # # ' %

9) E

E $ ,+ D / ,+ & *+ *+ > % & * % & F - ! ( & # > :>' # "# -D # D % & * > + "# &$-

L -

2 3 4 5 6 7 8 9 10

."." $ $ " > $ & D* $ ) B f .".)) > # .". &

I " B D 9 & * ' &-/ $-" % &) " & &

)> * "9*

# ' & # *+ (EF ) *+ # EF ( # EF " " # EF " " # EF " " EF "F&" "/ q # EF "F&" " -- EF "F&" " > " ' / F'

! # *+ = # # # # # # # # ' %

10) E &+ 4 # "+ / - ,+ / % & !

( & ( ,+ & ' " # 9 F - # ( & > :>' #* " B > + "# &$-

L -

2 3 4

."." $ $ " > $

I " B D

# ' & # *+ (EF ) *+ # EF (

Annual Report 2013

! & # #

5 6 7 8

& D* $ ) B f " ) b

9 & * ' &-/ $-" % &) D $

D f

" >&)

10 11 12 13 14 15 16

$F & .".D L$ .". .". .". $ .".

) L q " L (& $

D > D

)> L#> D $

* "9*

18 19 20

.". >& &D L> * .".> >

#" %

$ 8&> I

# EF " " # EF " " # EF " " EF "F&" " I EF "F&" " > - ( EF "F&" " > D $ EF "F&" " & EF "F&" " M 1 EF "F&" " M 2 EF "F&" " $*' & EF "F&" " -- EF "F&" "

&- EF "F&" " > " ' / F' EF "F&" QR -> # "*+ & EF "F&" QR EF "F&" " - *" " )

# # # # # # # # # # # # # # # # ' %

*8- D # & #* D ' (& 8&-D # ' -D / & $ ( ,+ H ' ( - -D # D -> # "* ,+ D -> # E $ % & & *+ *+ >% & -> # "* *+ %=8 "(&-/ " +&<,8 % , " E ' *+ F - E

$/ -( <,8 , #F -( , > & +# >#9=&-> # "*+ & ,+ H *+ M & % & & ! ( & # "# - -D # -> #

B - * " " ) ,+ (> & ( &H " # 9 M # -> #

B - *" " )% & ( &#* " B ' " E # +&%=8 ' ! # *+ &- / F' B /

5.3 & & &$- # 4 "L E

1) 42 + # &#' ( ! * /#" * -D # #* *+' -> # E $ "F&" / D # ' > N # 'E & # D ' -> # "*+ &% &

-> - # F' QR " # 9 / ! # 'E & ' & # D ( &#* " B ' (& " *8 -D # -> #"/ - ,+ & / F' *+ * / / F' % & ! D # 8& -> # : $ > # E M # & ( > ( & 1 - 8& #* -> - #B *+ * #*# -> # "*+ & *+#* " B ># 8&#* # / ,+ & & ( > ( &"#+/ "# $ #-D # & 8 =& / ! ( & +& *+ Annual Report 2013

-D # &#*B > -> # ! EF / #*> " ) ' #*-> # ! " " ,+ $ "F&"

% & ' EF 9, O #*-D # ' -D # 8& # 7 $ ' ( -D # -D # > " -D # -D # & -D # D -( ' -D # " ' -D # / F' *+ * #* /

/ *+ ' -> # E $ % &-D # ' -D # ' ( $ ' % &QR > ( &$ <=+& / *+

& ( > >#9=& / # & & > > 8& *8 ,+ ! ' (&' / *+ ! # % & / F' *+ * ' ,+ & ! ( &#* " B ' (& " # *+ #* > " "#

2) #" & 4 L ( -D # / ! ' ' > M *+$ -> - # F' ' N & # -> #% ' & &E $ / % & & *8 - - &" &' &- % & ' % &-D # $ ( &H # / F' *+ * - "(& " # EF ' & - M & > -> #<,+ " " = # + D > $ $* ' #( -> #"/ - ( E $ "(> > , -> # E $ *+#* ( <=+& >#9=& -> # % & F - ' #( / % #F B % & ' F - K E ,

/ $ ,+ $ "(> , EF ,+ - " H *+ #*-> #% ' & &E $ , D* *+#* / & ( &<=+& ! $ ( ' ( #("

- & E $ *+' ( & % &EF #*"(> "* ' ( (# -D # ' QR D O & ( > ( & - > -> # # > & <,+ " " #* E ' ! " B # *+ * ,+ E $ % & ! "/ - ' K E EF 9, - 8& - D*#* : *+ #*-> #% ' & &E $ , ! / *+ *+ > & ,

! EF #*"(> *+ >% & , *+ > & *+ D <=+& # ( *+#*"(> "* > # ( 8 & K E % #F *+ $ # * ' #(#*" % (># $ # ' #(#*"

"* & > & ( > - # EF ' & - =& * *+ & / *+ ! % ( E $ % & #(>( ( EF *+ >% & $( F - -F('%(&% , $ " , % #F *+ ! # , & $ "(> , / *+'%(&% , / & ,+ , & % & <=+& "(&E (

M & *+ - # EF ' & - =& > 9, % &-F('%(&% & #*E / & > / *+-> / # *+ , #*E ( M & *+ D* *+ -- & ( > # ( ! # EF , & , ( *+ % / 8 , # # -- & ( > & & EF &- $ # / $ 8 ' "/ "(&" > " ' / F' - 8& Annual Report 2013

/ "F(-> #"/ : ' N # "F& " >#9=& #* M & *+ #* " B <=+& O *+"/ - =+& -, #* # / -D # 9=& -> #"/ - & ( > =& / % =& M *+ > D%=8 ,+ # (& 9=& #* # / ' M #% &- % & & ,+ # EF ' & - = 9, ! ' > & M *+ > -> #<,+ " " ' *+ & # 8& M ( F - EF 9, ' EF #*"(> "* (# >#9=& / & &> "/ EF QR QÂ&#x2022; , #( M # > > # # " > " ' / F' / *+ #' -> - # F' #* M #% =& M & ( > ! / 4) / *

& -D # -> #"/ - ( -> - #B ! ( & +& 8& ' M & #*-> # * & ' # "# / ,+ N & -> # "* *+ %=8 ># 8& & / & -> # "*+ & ' / F' M & =& /

*+ > -> - #' > " B & *8 - / QR % & E $ ( / & & & *+#*-> #9F & - 9 > ' > 8&& & # " - =+& ' - / #* -> - #' > " B *+#* " B ,+ # + >( #* M ## L ' q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

( , % ( &% & = $* , -> - #B % &

Annual Report 2013

5.4 L E

,#&6 1) -D # / $ #> (> & ! / , ' ( ,+

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

% -> # : *+ ! " *+ = B 7) QR ' EF "F& #* *+ % #F -/ = ' ( &H *+ # "# ' > ' (-D # 8) -D # #* # *+ #( ! EF #* " $ # >( & & ( & 2 - 8& ,+

B O ( &H #(#*QR (># > ' ' &E $ # & ( > ( # > 9) / % "(& &", $ $ # # > * > $ # ' " $ # ' ( > ' ( # ( $ # (>& #( >( 7 > ,+ # ( #* > * & *+ )= % #F ( &H ( % (># $ # ' ( - 8& 10) $ #-D # - 8& #* = & $ # ( &- 9 > > ! D ' : & & ( > *+E( & -D # ' > ,+ -D # ' / , EF *+ *+ >% &" # 9 > "

> 8& *8 2556 -D # #* $ # ># 8&" 8 13 - 8& ! $ #> 12 - 8& ' > ) 1 - 8& 5.5 / E

,#&6 -D # " " #* # &% &-D # -D # # E M & > & ! / ,+ -D # (># D E & O ' " - ,+ &' % ( <=+& # E & ( > ! # E M & % & -D # ># ' / , J & ,+ & ( 8 #( # (& *+ # ( ( =+& ! --

Annual Report 2013

5.6 / &

/ -( ' # ,+ & *8 $ # > ( &$ ' (& " <=+& -( '

& ( > # *+ $ #EF 9, D* # # # / *+ ' #*-> # E $ +## %=8 $( ! "# $ % &-D # $ ( ! -( ' +# *+ # "# *+' -> # E $ *+ # # +## %=8 #*-D # D -( ' / *+ / DG # E & % &EF "F&' / ( -( ' , -( & *+ ! # ' $ ' -> # : $ D* *+ #* " % *+

#( ( # EF "F& , & ' #* # EF "F& , & *+ " >( 5 % & / > 8& # *+ " 8& *8 & #(#* # *+ " >( 5 & ( > ! # -D # D -( ' 8& *8 -D # #* K E % #F *+ > -( ' % & # ' -( ' % &EF > & / ' >: < % & 5.7 #F

/ I # ' EF & *8 1) " ' / " q * ) ( &H *+ *+ >% & ># 8 & *+ #* *+ ' & *+ "/ - # ' EF ! / , 2) "(& " # # % # "F *+ > *+% & # > & ,+ #*- > # F -> # % *+% & # ' " # 9 M *+ ( &9F & - 9 > 3) # *+ , 8& , ' (& 8& #( - & -> # : $ "/ & -D # / ' ' (& ) ( M *+ L # 4) EF *+ / & / ' (& # - 8&' % #F % & q * ' -F(#, # % &

Annual Report 2013

) -. /, 10.

# 4 "L / # - *+ . / (# $ ) -> #"/ - ' 9=& ' -> # E $ (

" &-# ! ( &# ' / > -> # ! # ,+ / ( &# +&-&' +& , #" & ) - > I #% & / *+ > -> #<,+ " " #* - D # % & # EF ' & * 8& &#*-> ## (&# + *+ '" &-> # E $ ( " &-# ' (EF #*"(> "(> "* ( ,+ & ! / 8& *8 &#* *+ > ' > & *+<,8 " " (& " > " EF 9, ' " & $ ' -> # ! # ( EF #*"(> "* H QR 10.1

" !

" " ' "(& " # / & ( & ! # ' M # q * ' DG % & & ( & - (&- J ( & +& M # DG *+ > -( # * # ! <,8 % ' <,8 % " >#9=& ( E ' EF ( EF & ' > *#

/ -F(- M # &,+ % " *+ / > <=+& & #( ",+ # "* ( , % ( q # H #( (>& # " & O $( $ ' #- # > *+#* %" b9F & ! ' -/ =&9=&-> # "# B - / & ( & ! #' #* D = # + " ' 9, M # &,+ %' % & *+ / > " F ,# *8 , <,8 " - ' $/ -, &

*8 ' F' ' $/ -( <,8 " - ' 10.2

/ / & / ( # L#- #* ( ' # / ( " (- $ + ) ,+ E $ & % & & / *+ #( # "# #*-F(#, M & % & & *+ / %=8 ,+ $ ! ' > & M *+' M ! > -> #<,+ " " #('">& E $ , & * " &

"( & ( *+ 8& & &' & # 10.3

{ #/ / !

â&#x20AC;¢ " " # # # &"B '> # % ,8 *+ / & # %=8 , + -> #'

/ & & #*- DB $*> *+ * ,+ & " &" - E & *+ * )' I -> #" # 9% & &

F( "# * 8& / " %B & - â&#x20AC;¢ #F

#*- D # " ,+ - , - #* QÂ&#x2014; #B ' "( & - % & #B ,+ I -> #" # 9 / & ' ># 8& "( & " # & #* - D #' # M & ( &<,+ " " ' & : % #F % & ' % & F - > ! -> #

Annual Report 2013

â&#x20AC;˘

"2 - / & # " # #* F ' ,+ &-( ' / KPI # $ D -( ' #E M & % & & - ( & ( * # ! # ' #*- D # D -( ' ,+ D E ' *+ # "# â&#x20AC;˘

#"/#% & + $% L$ # & "/ & *8 &$* -, & *+ &' F & (># 8&%=8 & % & & # & *+ F & ( "(> =+ & * >( " & " "#â&#x20AC;?' & ( & % * "(> =+ & * >( " & "# " + -,

F &

#' > & &$(> F &

# * ' & =+& > =& ( > >( 8& & "/ & *8 & $* ! F ' =+&% & "> " ' ( F & =&$(> " &' & F& F & / & & H 8& & "/ & *8 &$* / F &#*

# ( & ( ,+ & #*> ' #* &$(>

#' > &#* / &

E & & EF #,

$* *+ * >( " "

E *+ %=8 / # J *+ "# $ & - #" "(> % & & *+' ( - #* F( & D > *+ 31 > -# 2556 #* & 8& # 915 - ' (& ! & / > 614 - & M 301 - *8 > *+ 1 #* -# 2557 # *+"/ - " &-> #" # *+ * & & -, & " &" - "/ & & #DG ' " % ( & & > ,+ ! % - D *+ (># : ,+ #

8& 2556 10.4 & , L " " ' - N &" # $ F' # % & % #*"(> *+ >% & (>& # " # $ $( #(" " &- $ ' && (Forced Labour) ( $ ' && : (Child Labour) >#9=& -> # - 9, ' M ( EF #*"(> "* QR > -> # ! # ,8 L % & ) b) *-> # ! # #( , M #(' (&' 9 + / $,8 $ ) "*E > ) " "B ( & L $ F 10.5 # 4 "L / 42 #*-> ## (&# + " &-> # =& "F&" ' ( F - "(' E $

( &#* DG

#* M *+ $ ' ! # / F - ># 8& I F ' ' + #$( & & / & , ' ( F - % #F *+- 9 > 9F & ' #( , % : & 8& *8 * #$( & & ,+ & & * ' ' & '" F - ' /

% 8 M *+$ ,+ F - % & -> ## + >( #* M & *+ > :> # ' $,+ 9, *8 % (># > "/ & . . . % >( & F - # D *+ / > )% &"/ & . . . F - " # 9 / % % "F( > & ( >

Annual Report 2013

100

10.6 "2 # , - " #* "(& " # #* -> # F ' QÂ&#x2014; # & ,+ &" +&'> # & *8 1. M # q # ' % &- *+ > " +&'> # ( & - (&-

2. "(& " # & % QÂ&#x2014; # -> # F *+ > " +&'> # ,+ " & "/ = ' -> # E $ ( " +&'> # 3. "(& " # & #* "' *+ -> # F ' " D *+ > " +&'> # >( & & > , >( & (> & ( &H % & 4. "(& " #' " " & #* "B '> #' & M & # "# "B '> # ( & ( ,+ &' "#+/ "#

#* #* N # ,+ N & #( E ( " +&'> # > ' # E / & % & ( & ( ,+ &' "#+/ "# ,+ #-> # > 10.7

#F L L # -> #"/ - $ #$ ' " &-# " &-# 2556 -> # F -> # % *+ > & ' ( * " )= F -

-- +> / > 85 - 8& ,+ -> # % *+ > &

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

Annual Report 2013

101

" &+ + ' 1. " " - & > "> # $ 8 *# > '#("F(> ( #*> 9 "&- ,+ (># J & $ * 2600 ' (& " F % & 2. " " - & $ " # D B -f F J # * ,+ & > " *+ "# : F( > & $ # 86 ,+ ! '" &

<=+&-> # & B * # $ ! " # D ,+

F QO&- D # D* *& #' (" &-# ,+ ! &' ",

) " # + -&"9 ", ( D > " $ 3. " " #F # $ ,+ -

# $FB# B 9> E R " # --*# ) . $ / . $ * 4. (>#" &) * > #, & .% ># & ." B* . $* & #( 5. (>#

E R " # --* $ % &#F 14 D > O . * 6. (>#

L $ / 2556 ,+ /

9> ' ( "&Â&#x161; / D # >&> " & . " & . #, & $* & #( 7. (>#

$ E L / ) $ 2556 ,+ / 9> "&Â&#x161; / D D > " ) $ > # > 8. (>#

L " # --* > " # . & > / F 9. (>#

L " # --* " & %,+ - * " # : ' " & &- & > & : > & :

. & : . &- . J $ & 10. (># ! B

L " # --* > ) & # # '%>& ( ' & % & % 11. " " - & $ " # D B -f F J # * "# : $" > " * ' & * #" # > " * " E # 1. " " - & " ' " QO 8/ & D & > $* & #( 2. " " - & ,+ &EF " &" &-# F " & / & ( & "

D '% * # % * # ' (- ' : : *+ F( > * 7. " " - & -> #$(> , "& - " > E F " ) / 2556 % &"# -# "& - " > # $F 9 #B ,+ / $(> , " > " 8. " " "# -#"(& " # $* - ,+ " " $(> , -/ ' / ' (- B -> # ,+

$* -

Annual Report 2013

102

9. " " #F $(> - O ( ' (& ) # $ F 9 #B > ># $ # O ( > ,+ / % EF &" O *+ / & -> #$(> , - - # & >

E ' (> * N & ,+

B > O 10. " " - & > "*% > ># D &- B

" ,+ ,8

( EF R>

" % 9F

8& 11. " " - & O :

<8/ < ,+ "# " & & * )= :

<8/ < . $ / . $ *

Annual Report 2013

103

0 + - 11. * #" $- / #*-D # > " <=+& ! # " ,+ / *+ D > -> # * &

% & -> - #B -> # "*+ & *+ # "# & & & ' K E % #F

( & * & - 9 > ' 9F & > M & ' I & % &" > " ' / F' #* " B

$ # (># QR ' EF " $* ,+ &' % ( & & & 8& *8 -D # > " / #* $ # ( & # " 1 - 8& 2556 -D # > " #* $ # ># 8& # 12 - 8& $ # -D # - 8& *+ 2/2557 #,+ > *+ 25 #B 2557 #* - D # > " % (># $ # > -D # # -> - #B % & D % #F ' & ( &H >#9=& < 9 # QR *+ > -> # * & % & -> - #B % & 8& 5

-, &- ' "B '> # -> # "*+ & -> - # M & % &QR " " )' ",+ " % #F ' # <=+&B & # ' > -D # #*-> # : >( #* -> - #B ,+ & & ( > ( & # "#' * & ' > "/ -> - #B ,+ H -D # : >( #* -> - #B *+ * & ' > $( ' 8& *8 EF " $*% & <=+& ! EF > " & & # "' / 2556 #( '" &-> # : & " $* >( #*% ( & H *+ > -> - #B / #*" & > " ' / F' M & ,+ / *+ > " ' / F' M & % & #* " B ' ! )F & / F' / % & ! # q # q * % &- ' DG % & (> & & *+ / F' / ' / " & E > " ' M & & ( -D # > " , ( / " (

-D # > D*#* / ! (& (> *+ &' & QR ' -D # ,+

/ * 8& *8 ' (& 8& & * "9* & # EF " > " ' /

F' / *+ ! > & > " ' > & / F' M & (Compliance) % & #,+ > *+ 2 > -# 2556 E( : $ -D # > " $ #- 8& *+ 12 / 2556 #,+ > *+ 11 > -# 2556 <=+& ! -- *+#* " D M & > " B ' & / F' M & ' "9 & ! > >( 15 #*- D"# ' E( # "F *+ *+ > M & 8& > " ' / F' M & # DG % &"/ & . . . *+ /

Annual Report 2013

104

12.

# # * $- #

# E

+ ,

Annual Report 2013

105

Annual Report 2013

106

("#$ > D $ " *) # " ' # > " - *+ . / (# $ ) > *+ 27 #B 2557

&$,+ . . .

Annual Report 2013

&$,+

( $ / ) ) # " ' # > " - *+ . / (# $ ) > *+ 27 #B 2557

107

/ -D # > " > # " % & / > 3 ( > (1) . . . "#$ > D $ " * ! # > " (2) $ / ) ' (3) $ ) L $ ! # > " #* $ / ) ' $ ) L $ ! EF #*-> # F ' " D * & *+ / *+ " -> # ( $,+ 9, % && & ' #* & * "9* & # EF " > " ' / F' / *+ ! % -D # > " 8& *8 # > " ' ( ( #( ! *+ = # F & , & % & ' #*- D"# - 9 > # DG *+"/ & -D # / ' ( . . .) /

-D # > " M *+ ( & " #% % *+ *+ / > q % & -D # > " -> # (>##, QR *+ *+ >% & -D # > " 9=&-> #"/ - % & -> - #B -> # "*+ & ' / F' *+ * ,+ #* -> - #B *+

* #* -> # "*+ & F( *+ # "#'

& & & *+#*-> # 9F & ' $,+ 9, 2556 -D # > " #* $ # ># 12 - 8& -D # > " ( % (># $ #- 9 > - 8& <=+& M & % &-D # > " #* : *+"/ - " & *8 1. " M & % &" > " ' / F' % & ># 8& # 'E > " / & E > " & E ' #E -D # > " % " & ' -/ ' / ,+ $(> > " B ' / F' M & % & #* " B +&%=8 2. " / F' *+ * -D # > " " / F' *+ * ' "(& " # #* B *+ * *+" # 9 > "

#* K E % #F

( & * & ' (& " ,+ " &-> # $,+ # + & (> & & *+ / F' EF #*"(> "* -D # > " #*-> # : >( #* / F' *+ * *+ *' # "#

"(& " # EF #*"(> "* % & #*"(> (>#' $ (># ( &' & 3. " -> # # "#% & -> - #B D (># EF " $*% & ' EF > " B ># 8& # -> - #B ' -> # "*+ &% & ( &H ' > >( #* -> - #B ' -> # "*+ & *+ # "#' # * & ( "9 D *+ *+ ' & 4. " M & % & ,+ #* / ! #% / % &"/ & -D # / ' ' (& )

( ) ) /

(# $ ) ' q # ,+ *+ *+ >% & % & 5. " ' -> # : % && & % & 8&& & # " ' & & / ( / " ( -D # D (># EF " $*B ' EF > " B % & -D # > " #*-> # : "

- & EF " $*B >( & & / 2556 / %=8 9F & # *+-> " "/ - ## L $* *+ & +> '" &-> # : ' #(#* &,+ % ' #* K E *+#*" "/ - # & & 9F & - 9 > 6. D " -D # ,+ ' (& 8&EF " $* / 2557 " $> * " L ' / , +#) b >&) $ D ' / , =& ' / , &" > " &#D* * F $ # " $ ) " $* / ! EF " $*% & / 2557 # 8& D -( ' " $* ,+ / " ( *+ $ #EF 9, ( Annual Report 2013

108

7. (># $ # D , ' ' *+ % - : EF % & ' EF " $*B ! - 8&- > ,+ % " & ' ' *+ -> #- : 8. D *+ *+ > & ' -> #% ' & &E $ #* M ! # *+ q # / ' K E % #F - 9 > 9F & -D # > " #*-> # : >( 2556 -D # ' EF % & -> #"/ - ! ( & +& ( / & B > / F' *+ * #* -> - #B ' -> # "*+ & 8& ' M & *+#*-> # * & ' # "# / QR #* -> ## ( & # + & % & # *+ * #* -> - # F ' M & ! # % / ' q # F( "# ' #* & E > " % &" > " ' / F ' & (

-D # > " # 8&#* #' % #% " ' ! H ' & E > " % & "/ & " $* * F $ # " $ ) " $* / <=+& ! EF " $* O % & #( : -> #E *+"/ - #* M & ! #% 8 *+ / > #* -> - #B *+ *' #* " B *+ # * &

$ #-D # - 8 & *+ 2/2557 #,+ > *+ 25 #B 2557 -D # D -> # * & % & -> - #B <=+&E( -> # : $ -D # > " ' > D % #F & ( &H ' < 9 # QR *+ > -> - #B *+"/ - 5 ' (

&- ' "B '> # -> # "*+ & -> - # M & % &QR " " )' ",+ " % #F ' # 8& *8 *+ $ # #*# : $ >( #* -> - #B *+ # "#' * &

. . . ("#$ > D $ " *) # > " 27 #B 2557

Annual Report 2013

109

!" # $ $ & ' 13. 2 & &$- + #G 13.1 EF " $* 2556 $> * " L EF " $* % * 4301 * F $ # " $ ) " $* /

13.2

" & > " % &EF " $* 3 *+E( # 2556 EF " $* -> # : & " ' #(#* &,+ %' (#*> - 2555 EF " $* -> # : & > " ' #(#* &,+ %' (#*> - ,+ &

,+ H 2554 EF " $* -> # : & > " ' #(#* &,+ %' (#*> -

/ & 42 #GL$ 1. / & #GL$ (Audit Fee) 2556 # *+ $ #" # EF 9, / 2556 / -( " $* ' (EF " $*% & ! & / > 2.45 2. - (Non Audit Fee) - #(#* -

Annual Report 2013

110

,#& # & # ( # & $- Â&#x2C6; + #" ( L ) " b E # &$- 31 # 2556 2555 2554 ( (> : )

& # ( & " ' * ( & "

& Q "9 & F *8"/ $* F *8 ' " <,8 % (>& " & & " & & (>#" *+ - ' D " " #(#* > " " B * & $* " +, "

& # ( $ % *8" *8"/ $* *8 *8" " " *8 *+

' & F #, , + *8" #" $( & B EF E $ % & & *8" , + ># *8" "(> % & % & , * " # 3,189,785,935 #F -( 1.00 * " # 3,149,549,316 #F -( 1.00 *+

' * $/ ' > " # 2,589,743,484 #F -( 1.00 *+

' * $/ ' > " # 2,330,759,812 #F -( 1.00 "(> #F -(

&- , + % &"(> % & % & / " "# " ' > "/ & # q # & #( " >#"(> % & % &

$ %

2556 +

&$- " & / $ 3" $ E # &$- 31 # 2555 ( # * ) 2554 % + % +

1,073,087,608 569,310,000 442,940,349 1,531,023,127 237,449,760 340,153,559 186,622,547 96,575,450 143,055,030 127,887,922 4,748,105,352

22.60 11.99 9.33 32.25 5.00 7.16 3.93 2.04 3.01 2.69 100.00

1,443,205,116 106,380,455 252,466,917 2,755,683,095 37,998,384 314,181,134 203,343,149 88,402,206 141,456,906 121,300,068 5,464,417,430

26.41 1.95 4.62 50.43 0.70 5.75 3.72 1.62 2.59 2.21 100.00

1,334,881,131 105,611,739 219,115,990 969,795,439 396,146,720 318,994,138 188,513,498 83,362,258 106,311,392 3,722,732,305

35.86 2.84 5.89 26.05 10.64 8.57 5.06 2.24 2.85 100.00

25,096,463 1,129,699,869 57,273 3,428,712 46,864,861 165,355,749 1,370,502,927

0.53 23.79 0.07 0.99 3.48 28.86

186,522,483 1,624,143,954 456,765 338,911,299 5,422,380 39,664,089 195,176,462 2,390,297,432

3.41 29.72 0.01 6.20 0.10 0.73 3.57 43.74

35,441,443 629,364,029 2,486,789 27,177,415 45,170,124 145,358,401 884,998,201

0.95 16.91 0.07 0.73 1.21 3.90 23.77

3,189,785,935 3,149,549,316

3,149,549,316

2,589,743,484

54.54

139,078,735 (8,940,060)

2.93 (0.18)

2,330,759,812 139,318,081 3,712,491

42.65 2.55 0.07

2,330,759,812 139,318,081 24,390,632

62.61 3.74 0.66

55,574,679 602,145,587 3,377,602,425 4,748,105,352

1.17 12.68 71.14 100.00

39,853,695 560,475,919 3,074,119,998 5,464,417,430

0.73 10.26 56.26 100.00

23,767,457 319,498,122 2,837,734,104 3,722,732,305

0.64 8.58 76.23 100.00

Annual Report 2013

111

,&# # & # ( # & $- Â&#x2C6; + #" ( L ) + 3 "& " + # / : % " # &$- 31 # 2556 2555 2554 ( (> : )

3" -( -( # * #' / & & / " "(> ' (& / & & #> *">( "*

*8 ' & O E

*8 & F ,# , + <,8 + ,

3" *L & & -( # * #' ( -( $ ( / & -( $ ( * + > & -( $ ( * + > - "9 *+' D -( ' # -( $ ( , + *8"F ' *8"&" "F ( )

*L / " ( B * & B * & + 3 & + 3 ( "& ) " + 3 & / (% ) : " : , + / (% ) > #F -( & & E,+ % &"(> > #F -( & & E,+ % *+% >( & / # D # -D ) " B "/ - & E $ & B * & * > &- % & / (% ) : " : , +

+ 3 ( "& ) " - & + 3 " / ( % 8 , 8 L ( ) / > " # 9 > J *+ 9(>& 8/

2556 +

&$ - " & / $ 3" $ + # : % " # &$- 31 # 2555 ( # * ) 2554 % + % +

1,695,680,086 39,588,808 66,150,446 19,723,499 86,424,302 90,959,489 56,604,590 13,707,904 2,068,839,124

81.96 1.91 3.20 0.95 4.18 4.40 2.74 0.66 100.00

1,269,677,471 18,776,393 80,900,069 20,810,298 50,793,506 85,101,807 74,110,923 15,108,743 1,615,279,210

78.60 1.16 5.01 1.29 3.14 5.27 4.59 0.94 100.00

1,240,366,587 10,842,298 86,212,308 13,622,124 48,195,915 73,387,740 59,612,633 14,961,795 1,547,201,400

80.17 0.70 5.57 0.88 3.12 4.74 3.85 0.97 100.00

53,583,831 156,610,947

2.59 7.57

42,571,603 122,168,959

2.64 7.56

20,366,793 114,270,566

1.32 7.39

1,072,167,248 194,926,006 11,145,000 144,756,121 15,931,601 1,649,120,754 419,718,370 (74,904,818) 344,813,552

51.82 9.42 0.54 7.00 0.77 79.71 20.29 (3.62) 16.67

850,379,711 192,260,120 11,255,000 132,697,931 (63,769,192) 1,287,564,132 327,715,078 (67,326,502) 260,388,576

52.65 11.90 0.70 8.21 (3.95) 79.71 20.29 (4.17) 16.12

854,745,058 176,002,648 8,881,000 132,036,948 (13,553,772) 1,292,749,241 254,452,159 254,452,159

55.24 11.38 0.57 8.53 (0.88) 83.55 16.45 16.45

344,813,552

16.67

260,388,576

16.12

254,452,159

16.45

(15,815,602)

(0.76)

4,421,325

0.27

(11,924,106)

(0.77)

(24,391,430)

(1.51)

(71,035,430)

(4.59)

7,365,728

0.46

656,604

0.04

3,230,654 (9,373,723) 251,014,853 0.112 2,330,759,812

0.20 (0.58) 15.54

(82,302,932) 172,149,227 0.109 2,330,759,812

(5.32) 11.13

3,163,051 (12,652,551) 332,161,001 0.138 2,491,133,102

0.15 (0.61) 16.06

Annual Report 2013

112

" E # &$- 1 2556 / &$ - 3 E " "# *+ ' & $*

-& , D > *+ 1 # -# 2556 *+ &' > *+ ' & >( & #+ "(> +/ >( #F -( & O E ( / (% ) : " : ># "/ & # q # " E # &$- 31 # 2556

" # * " " E # &$- 1 2555 / &$ - 3 E " "# *+ ' & $*

-& , D > *+ 1 # -# 2555 *+ &' > *+ ' & >( & & O E ( / (% ) : " : ># "/ & # q # " E # &$- 31 # 2555

(239,346) 139,078,735

258,983,672 2,589,743,484

Annual Report 2013

139,318,081 139,318,081

139,318,081

2,330,759,812 2,330,759,812 2,330,759,812

139,318,081 139,318,081

2,330,759,812 2,330,759,812

& &$ - $ L+

(12,652,551) (8,940,060)

4,420,527 (708,036) 3,712,491

(15,266,305) 3,712,491

24,390,632 (5,411,836) 18,978,796

15,720,984 55,574,679

39,853,695 39,853,695

16,086,238 39,853,695

23,767,457 23,767,457

(287,422,900) 344,813,552 (15,720,984) 602,145,587

418,018,865 142,457,054 560,475,919

(205,077,188) 266,281,158 (16,086,238) 560,475,919

319,498,122 195,860,065 515,358,187

&$- " & / $ 3" $ + 3 ( - #"

# 3 3" #"

(/- + ) & & + #" / Â&#x20AC; 2 &

,&# # & # ( # & $- Â&#x2C6; + #" ( L ) " $ - + # : % " # &$- 31 # 2556 2555

258,983,672 (239,346) (287,422,900) 332,161,001 3,377,602,425

2,932,370,980 141,749,018 3,074,119,998

(205,077,188) 251,014,853 3,074,119,998

2,837,734,104 190,448,229 3,028,182,333

( (> : )

113

Annual Report 2013

114

" +#- * $' . ( ! ) ( ) " / : & $' 31 & * 2556 " 2555 " 2554 : $' " & $ & $# 2556 ( ) ( )

!"# # $ # # " !$ % #&'* ' +#&. $ / ( ! )

;/ " '/ # # " '/ ;/ " <+ ;/ = > # = > # +? ' " @ # $ # +? ' " @ # A # # # # A ;/ B #> & "+ #C$> & # $<

# # B #> & "+ #C$ > & # $<

( ! ) "

# # # > & * / / #& # # > & * / / #& # # # " +? ' ( ! )

> &# # ( ) " ! > &# # C 1 # B " # $# % & $' 31 & *

2555 ( )

2554

(161,426,020) (494,444,085) (485,289) (5,264,630) (104,562,933) 229,857,711

151,081,040 994,779,925 (2,276,463) (11,445,130) 34,265,887 (309,489,178)

35,197,083 (544,631,715) 2,819,051 (472,570) (40,031,575) 419,293,474

(140,707,432) 1,018 (150,965,817) 80,000,000 249,464 50,835,950 (60,307,202)

(117,000,000) 444,334,905 3,866,346 73,216,000 (77,792,648)

(275,251,170) 90,800,590 (15,000,000) 5,987,323 86,720,150 4 (75,025,181)

2,227,523 (218,666,496)

39,252 326,663,855

5,776,516 (175,991,768)

364,550,018 (715,000,000) (2,180,166) 67,111 (28,745,686) (381,308,723)

678,870,140 (350,000,000) (32,643,644) (205,077,188) 91,149,308

(24,112,190) (256,356,261) (280,468,451)

(370,117,508) 1,443,205,116 1,073,087,608

Annual Report 2013

108,323,985 1,334,881,131 1,443,205,116

(37,166,745) 1,372,047,876 1,334,881,131

115

& $' * ; $' " & $ & $# / : & $' 31 & * 2556

& *& < (Profitability Ratio)

2555 ( )

2554

# <# (%) # <#( " ) " ! (%) # ' > '* F/ " (%) # ' > # " (%)

89.32 16.67 10.69 23.73

89.37 16.12 8.53 19.44

90.93 16.45 8.77 16.04

# ' > # $ (%) # # " # $ ( )

6.75 0.41

5.55 0.34

6.28 0.38

# # $ % B * ( ) # # $ # < * ( ) # # $B # $# (%) # # $ # < # $# (%) # ( ) # # +? ' (%)

* * 37.70 67.55 0.41 82.62

4.31 11.12 26.73 68.97 0.78 107.13

* * 45.95 89.47 0.31 70.00

# " @ # $ # $ (%) " % B " ! (%)

17.34 242.05

12.38 106.20

28.76 239.10

<# ( " ) " ! " / H ** ( ) +? ' " ( ) * B

" ( )

0.138 0.11 1.30

0.112 0.1233333333 1.32

0.109 0.088 1.22

(13.11) (42.66) 27.06 19.92 32.42

39.64 170.09 4.40 1.27 2.33***

(15.02) (37.54) (4.81) (9.47) 31.13

& = +

(Efficiency Ratio)

& & * - ># # (Financial Ratio)

; >

# $# (%) # (%) # < !"# # $ (%) B @ (%) <# ( " ) " ! (%)

Annual Report 2013

116

/ : - #* & Local Broker Network Limited (â&#x20AC;&#x153; ( â&#x20AC;?) <=+& ! ( % & - *+ . / (# $ ) ( 8&%=8 % ) Â?( & &' (&" D L $ $ * #,+ > *+ 21 2552 ' ( #( / # H ( # *+ $ #-D # % & #,+ > *+ 10 f) 2553 #*# # / $/ $* ( *8"/ & * Â?( & & # % 9 * % & ' # ' & #,+ > *+ 25 # -# 2554 ' > *+ 10 # 9 2554 # / & 8 =& #( / & & >#"/ " 8 " > *+ 31 > -# 2554 - / $* *+ > B * & $*# $ ! - 8&' "/ & & 2556 9, M ## L $*J *+ 12 ,+ & â&#x20AC;&#x153;B * & â&#x20AC;? & 8 % #F & & "/ " 8 " > *+ 31 > -# 2555 *+ / # * * =& ! % #F *+ / %=8 # $* #( E " "# *+ ' & $* ( & & #* & ( *8 & '" &L & (> : D > *+ 31 > -# 2555 " B * & $*

-& , ( *+ ' & $* +#%=8 % &" B * & $*

-& , & *+ ' & $*

141,456,906 141,456,906

&- ,+ % &"(> % & % &

-& , ( *+ ' & $* &% &" B * & $*

-& , & *+ ' & $*

4,420,527 (708,036) 3,712,491

/ " "# - & #( "

-& , ( *+ ' & $* +#%=8 % &" B * & $* +#%=8 % &" B * & $*% & (>#

-& , & *+ ' & $*

Annual Report 2013

418,018,865 141,451,131 1,005,923 560,475,919

117

& / % : " : (> : "/ " 8 "

> *+ 31 > -# 2555 B * & B * & ( *+ ' & $* +#%=8 % &B * & B * & & *+ ' & $* B * & *+ > &- % & / (% ) : " : ,+ B * & *+ > &- % & / (% ) : " : ,+ ( *+ ' & $* +#%=8 % &B * & *+ >

&- % & / (% ) : " : ,+ B * & *+ > &- % & / (% ) : " : ,+ & *+ ' & $* / " / " ( *+ ' & $* &% & / " / " & *+ ' & $*

15,003,795 52,322,707 67,326,502

3,230,654 3,230,654

312,318,441 (51,929,865) 260,388,576

/ " ( % 8 ,8 L / " ( % 8 ,8 L ( *+ ' & $* &% & / " ( % 8 ,8 L / " ( % 8 ,8 L & *+ ' & $*

0.134 (0.022) 0.112

* #(" # 9-/ >D ,+ & #(#* & F ,# ** 9 > J *+ 9(>& 8/ *** / " "/ " 8 " > *+ 31 > -# 2554 *+ / # -/ >D % & / " 2555 #( 9F / %=8 # $* #(

Annual Report 2013

118

+1 & ! 23 -

13.2 ( + Â&#x192;Â&#x160; #"

13.2.1 4 "+ 2556 #* / N # & ' (# F - *+$ ,+ /

/ ! ( &#* " B &-&#* L F - #' +#L F - (' ( >#9=& +#E B DG #( $( ,#' ,# ' # *+ > " *8 ! ,+ ' ( F - - >& *8 #* " # *#& > D $ '%:&' (&' #* " B # %=8 ,+ +#$( & & ' -> # "*+ & =+& & * & -( <,8 % * & ( & * > # 8& #* & - *" " )% & #*-> # "# ' #* "9* B F( "# ,+ & # D # *+ +#%=8 *8#F -( <,8 % J *+ ( > % & #( ># Proprietary Trading F( *+ 43,982 +#%=8 15,876 , 56.49 #,+

* 2555 *+#*#F -( <,8 % J *+ ( > % & #( ># Proprietary Trading F( *+ 28,106 ' "/ " <,8 % (>& # D <,8 % J *+ ( > F( *+ 68,017 " "F&"

8&' ( +# K <,8 % +#%=8 55.21% ( <=+& & ( >% & ! E - *+ . / (# $ ) #*E / & #& & *+'" & & & #> *"(> "* "/ " 8 " > *+ 31 > -# 2556 ! / " / > 344.81 +#%=8 84.42 , 32.42 #,+ * * &> * > % & ( *+#* / " / > 260.39 D > *+ 31 > -# 2556 #* / " "# / > 657.72 & * ( *8 - 3" "/ " 8 " > *+ 31 > -# 2556 / > 2,068.84 +#%=8 453.56 , 28.08 #,+ * * &> * > % & ( *+#* ># / > 1,615.28 ! E # 2556 #* * % & ' ( B " & *8 (> : + # : % " # &$- 31 #

3" # & # ( 2556 -( -( # * #' / & & / "

*8 ' & O E

*8 & F ,# ,+ <,8

3" # & # (

1,695,680,086 39,588,808 66,150,446 19,723,499 90,959,489 56,604,590 1,968,706,918

2555 1,269,677,471 18,776,393 80,900,069 20,810,298 85,101,807 74,110,923 1,549,376,961

2554 1,240,366,587 10,842,298 86,212,308 13,622,124 73,387,740 59,612,633 1,484,043,690

1. 3" # & # ( / > 1,968.71 +#%=8 419.33 , 27.06 #,+ * * &> * > % & ( *+ / > 1,549.38 ! E # 1.1 -( 1,695.68 +#%=8 426.00 , 33.55 #,+

* * &> * > % & ( *+ 1,269.68 ,+ & # D <,8 % +#%=8 Annual Report 2013

119

# D <,8 % J *+ ( > % & +#%=8 1,260 , 40.52 3,110 ! 4,370 <=+& ! # # D <,8 % % & *+ +#%=8 1.2 -( # * #' 39.59 +#%=8 20.81 , 110.81 #,+

* * &> * > % & ( *+ 18.78 "(> ( ,+ &# -( # * # / ( ' -( # * # ! *+ = & +#%=8 15.20 # # D F - *+ +#%=8 1.3 / & & ' " 85.87 & 15.84 , 15.57 #,+ * * &> * > % & ( *+ 101.71 "(> ( ! E # / <,8

% & 14.42 ,+ & &> * > % & ( #* % & & E,+ % ,+ / / 1.4

*8 ' & O E '

*8 & F ,# ,+ <,8 147.57 & 11.64 , 7.31 #,+ * * &> * > % & ( *+ 159.21 "(> ( ! E #

*8 & F ,# ,+ <,8 & 17.50

& F ,# ,+ <,8 J *+ *+ & ' & O E & 17.03 ,+ & &> * > % & ( #* % & & E,+ % ' #( #* & +# # %D *+

*8 +#%=8 22.88

& Q - J *+ *+ +#%=8 2. + 3 & / $ 3" $ / > 86.42 +#%=8 35.63 , 70.15 #,+ * * &> * > % & ( *+ / > 50.79 ,+ & (>##* / " +#%=8 72.27 - *L "/ " 8 " > *+ 31 > -# 2556 / > 1,649.12 +#%=8 361.56 , 28.08 #,+ * * &> * > % & ( *+ / > 1,287.56 "(> ( ! E # 1. / & & / > 53.58 +#%=8 11.01 , 25.86 #,+

* * &> * > % & ( *+ / > 42.57 ,+ &

*8 ( ' ( & Q % & F - +#%=8 10.52 # # D & Q % & F - J *+ *+ +#%=8

$ / > 156.61 +#%=8 34.44 , 28.19 #,+ * * &> * > % & ( *+ / > 122.17 <=+&' E # # D <,8 % ' " <,8 % (>& *+ +#%=8 3. *L * "+ / > 1,423.00 +#%=8 236.41 , 19.92 #,+ * * &> * > % & ( *+ / > 1,186.59 "(> ( +#%=8 -( $ ( *+ > & ,+ & -( $ ( *+' E # # D <,8 % Annual Report 2013

120

' " <,8 % (>& +#%=8 $( -( ' *+ ' "(> ' (& / *#- /"/ & " % ! *8-( $ ( / & & +#%=8 *+ #* % # %=8 % &" & " 8&' (- =+& &% & 2555 % "/ & " % +#%=8 =&#* EF ' & +#%=8 4. $% 2G $% # 2G / > 15.93 "(> ( % & F *8 ##*#F -( & ' ( $/ *8 F *8 / - * +#%=8 - " 4 + 3 & #& & *+'" & & & #> *"(> "* "/ " 8 " > *+ 31 > -# 2556 #* / " / > 344.81 (- ! / ( ( 0.138 ) +#%=8 84.42 ,

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

13.11 #,+ * * " 8 ( *+#*" ># / > 5,464.42 " % & ! & "

' * ( & " 22.60 & Q "9 & 11.99 F *8"/ $* 9.33 F *8 ' " <,8 % (>& " 32.25 & & " 5.00 & & (>#" 7.16 *+ - ' D " 3.93 ' "( > *+ , # D 7.74 ! " #( #* > " " B * & $*' " ,+ H *+ ' &% &" *+"/ - " & *8 1. " &$ & " Â&#x192; * # D > *+ 31 > -# 2556 #* / > 1,642.40 & 92.81 , 5.99 #,+ * * " 8 ( *+ / > 1,549.59 <=+& "(> ( & " ' * ( & " ' & Q "9 & % & F( F & Q & F ,# " 8 "9 & ' & Q *+#* B 3 , > *+ # ' ( #*-> # 8& *+ 9, ( F ' # ( Â?> ,+ #*-> #- ( & > / # $ ! & # >* "/ $/ -( <,8 % ' " <,8 % (>& " " # F ,# & ,+ <,8 ' / & / >

Annual Report 2013

121

2. 2 $% + # # #GL$ D > *+ 31 > -# 2556 #* / > 442.94 +#%=8 190.47 ,

75.44 #,+ * * " 8 ( *+ / > 252.47 <=+& F *8"/ $* *8#*-> #" # & #F -( <,8 % % & F - ' % & $* $(>& 3 > / " ( " 8 3. 2 $% # & # ( #GG D % & D > *+ 31 > -# 2556 #* / > 1,531.02 & 1,224.66 , 44.44 #,+ * * " 8 ( *+ / > 2,755.68 "(> ( ! & F *8<,8 > & " / > 529.32 ' F *8 & F ,# ,+ <,8 / > 673.93 <=+& F *8 *8#*-> #" # & #F -( <,8 % % & F - $(>& 3 > / " ( " 8 "/ 8&-( E,+ *8"&" "F #* 8&-( E,+ *8"&" "F # L F *8 ' ( <=+ & # *8 >#9= & D -> # "*+ & * $/ ' #F -( % & *+ $ -8/ 8&-( E,+ *8"&" "F #,+ *8 8 #* #( * & , #* " *+ F *8 $/ & '

*8 -, #(- / > 8 & *8 & M $ 8 *8 # DG *+ / > )% & "/ & -D # / ' *+ . 33/2543 &> *+ 25 " & -# 2543 ' . 5/2544 &> *+ 15 #B 2544 8&-( E,+ *8"&" "F "/ #F *8 *+ $ 8 "&" "F 8& / > ' > D > *+ 31 > -# 2556 #* *

& *8 +

" $%

L+

2 # # ( &)

2 $% & ( &)

+ $% # 2G ( &)

( )

( &)

1- 3 , > 3 < = 6 , > 6 < = 12 , > 12 < = 24 , # >( 24 ,

1 38

13.54

2 $% - 1- 3 , > 3 < = 6 , > 6 < = 12 , > 12 < = 24 , # >( 24 ,

&#% %

13.99

9 9 48

383.66 383.66 397.65

4 / "/

#GL$ " 0.45

44.70 44.70 44.70

0.45

13.54

13.99

338.96 338.96 352.95

Annual Report 2013

F( >( & #

26 F( >( & #' 12 F( >( & / - *

F( >( & / - *

122

4. & & D > *+ 31 > -# 2556 #* / > 237.45 +#%=8 199.45 , 524.87 #,+ * * " 8 ( *+ / > 38.00 ,+ & #* & Â?>' & " 8 +#%=8 76.40 & & & E,+ % <=+& ! * +#%=8 37.06 ' & (> & +#%=8 100.00 & & " *8 ! & & ,+ - 0.50 " *8 *+ - / $/ B 1 32.17 & & E,+ % 16.42 ' & & +> 50.91 <=+&"(> (% & & & ! * ' (> & *+ F( -> # & % &

8& *8 & & *+ F( F & & 8 #*-D # & F' & ,+ $* <=+& / *+ / ' > & & ( & - # 8& F -( E,+ #F -( ' -( E,+ -( > - 9 > ## L $* ' )% &"/ & . . . 6. &$-" E( & # (3 $/# / & D > *+ 31 > -# 2556 #* / > 283.20 & 8.55 , 2.93 #,+ * * " 8 ( *+ / > 291.75 ,+ & 2556 #* % 9 *+ #( $ & ' > *8 # * "/ & " % ' (& ,+ / & $ % D > *+ 31 > -# 2556 #* *8" ># 8&" 8 / > 1,370.50 & 1,019.80 , 42.66 #,+ * * " 8 ( *+#* *8" ># / > 2,390.30 &% & *8" ># "(> (# *8 & 494.44 *8"/ $* & 161.43 <=+& ! E % &#F -( <,8 % $(>& 3 > / " ( " 8 *8 *8" ># & & " *8 *+

338.91 ,+ & ( -, " *8 *+9=& / $/ ' $(>&- =+& & # D <,8 % % & &<=+& ! #B > <,8 % % & / #* & # >* * & & # ># =& #(#*

' " % " *8 +# # D > *+ 31 > -# 2556 #*"(> % & % & / > 3,377.60 +#%=8 303.48 , 9.87 #,+ * * " 8 ( *+#*"(> % & % & / > 3,074.12 "(> ( ,+ &# #* ( & O E / 2555 ' (EF 9, ( O E ! " # ># 8&" 8 258,936,143 ' ( O E ! & " - ! & / > 28,745,686 *8 #* / " "# +#%=8 E

/ & *+#* / " "/ " 8 " > *+ 31 > -# 2556 / > 344.81 $ & ,#& ' (& *+# % & & % & "(> (# & % & *8 #*>& & " $,+ *+ - D $ ( &H >#9=&

' " % " *8 ,+ ! ' (& & # >* ' & % & "/ "(> & & "B - ( &" % & D > *+ 31 > -# 2556 #*" "(> 242.05 <=+& &-& 9, >( #* "(> F( *+"F&# #,+ * * % 8 +/ *+"/ & . . . / & / & > *+ 7 Annual Report 2013

123

"/ / & "(> & & "B - ( &" % & 8 " # 9" & *8

2556 ,#& # & # ( # & $- Â&#x2C6; + #" ( L ) - & & "B - ( &" ( ) - *8" +> ' " *+ &> & ! ( ) - "(> & & "B - ( &" (NCR)

2,970.28 1,227.14 242.05%

E # &$- 31 # 2555 2,190.97 2,063.10 106.20%

1,969.73 823.81 239.10%

& '" & " % & M>( '" & " # / & "/ " 8 " > *+ 31 > -# 2556 #*

& " " # / > 229.86 ,+ & "( > ( ! E *+ ' &% & $* F *8' *8"/ $* F *8' *8 "/ '" & " # & "/ " 8 " > *+ 31 > -# 2556 #*

& " " $ / > 218.67 ,+ & #* & "B - ( &-& , *+" # 9 / # & ,+ " &E ' +# # #* & Â?>' & " / > 70.97 ' & & & E,+

% / > 140.71 *8#* ( <,8

- D ' " #(#* > / > 60.31 ,+ & - *" " )% & #* "9* B F( "#

"/ '" & " # & "/ " 8 " > *+ 31 > -# 2556 #*

& " " $ / > 381.31 "(> ( ,+ & ,+ & #* ( -, " *8 *+

' #(#*

' " % " *8 +# # ( > " ! *+#*L & *+'%:&' (&' #*"B - ( & & & "F& #*

"(> & & "B - ( &" (NCR) D > *+ 31 > -# 2556 "F&9=& 242.05 <=+& ! *+"F&# #,+

* * "( > *+"/ & . . . / & / & > *+ 7 *8 D > *+ 31 > -# 2556 &#* & " ' * ( & " "F&9= & 1,073.09 (- ! 22.60 % & " >#) #* "(> " - ( & > ( " ># *+ 37.70 #* "(> *8" ( "(> % & % & F( *+ 0.41 ( <=+ & & #,+ * * " 8 ( "/ "(> % & % & D > *+ 31 > -# 2556 #* / > 3,377.60 ' #* / " "# *+ & #( " / > 657.72 #* E ' EF 9, +#%=8 *+ 8.53 2555 ! 11.69 2556 ' #* E ' & +#%=8 *+ 19.44 2555 ! 23.73 2556

Annual Report 2013

2554

124

C # & # &$ - $4 / 4 "+ b * / O -> # "*+ &% & 2557 *+#*E ) L ' B > % & - % QE3 % &" L # D# , # QE3 : > ( & J #: & & *+ & & ( &$ - O #, &B ) &-&" &-> # &> ( & " # #, & &-& #("& "(&E & ( - % >% & ) L ) 2557 <=+& - ' (& ) - >( & 4-4.5 #*' > #% & *+ +/ >( - ( &

Annual Report 2013

125

- ) * $ 8 "F& & $* ( * ( ) ' ) " DG # > #) " "F # - Director Accreditation Program

- # #)= & *

"" #$ &

"L + ' # " # > " ' & #

E F & '7 ,

( :)

' / ( 2 " " ,b( #

L - - / /+

Annual Report 2013

2522 â&#x20AC;&#x201C; O 2530 â&#x20AC;&#x201C; 2545 2530 â&#x20AC;&#x201C; 2545 2530 â&#x20AC;&#x201C; 2544

2549 â&#x20AC;&#x201C; O

L 2549 â&#x20AC;&#x201C; O 2547 â&#x20AC;&#x201C; O 2536 â&#x20AC;&#x201C; O

# # (& #

#" (%)

L - /+ E

,#&6 42 ,#& E # &$- 31 # 2556

# " # > " ' & # # # # *+ = -D #

# # > " "(& " # # >

. " ' " *(1979) # . E # . F : ; > # - & / (# $ )

# . - *+ .

# . - *+ . # . $* <F # > F

,#&/ &

E(&+ * 5 : #

126

+ #"

/+ L E L $ # " ' # > "

( :)

L # " ' & #

L - - / /+

- L ) " ) " # DG ÂĄ & D # > - L ) " ) " DG & * / > "F # - Director Accreditation Program - Director Certification Program - Audit Committee Program - Finance for Non â&#x20AC;&#x201C; Finance Director

- )D* $ 8 "F& & B - L ' q # # $ "9 - L) " # DG # > #-/ ' & - ) " DG # > #-/ ' & - > N & $ D - > ) " DG & * # "F # - Director Accreditation Program

E F & '7 ,

#" (%)

Annual Report 2013

# # (& #

2548 â&#x20AC;&#x201C; 2549 2549 â&#x20AC;&#x201C; O 2546 â&#x20AC;&#x201C; 2548 2546 â&#x20AC;&#x201C; 2546 2543 â&#x20AC;&#x201C; 2545

2549 â&#x20AC;&#x201C; O

L 2549 â&#x20AC;&#x201C; O 2549 â&#x20AC;&#x201C; O 2534 â&#x20AC;&#x201C; 2549 2546 â&#x20AC;&#x201C; 2548 2543 â&#x20AC;&#x201C; 2549 2543 â&#x20AC;&#x201C; 2549 2543 â&#x20AC;&#x201C; 2549 2538 â&#x20AC;&#x201C; 2542 2534 â&#x20AC;&#x201C; 2543 2541 â&#x20AC;&#x201C; 2542 2539 â&#x20AC;&#x201C; 2542 2538 â&#x20AC;&#x201C; 2539

# " ' # > " # " ' # > " # " ' # > " # # &EF $ / > ' (&$

/+ # " ' & # & # # " & # "# $ > I "B ( . *) & # & # &- " "# $ > I "B ' # -# -# "# $ > I "B ) "F&"

+> &EF $ "F&"

# . BF : '; <* . < # . - *+ . "/ & / > ' (&$

# . - *+ .

,#&/ & # . - *+ . # . BF : '; <* # . < ; * > . < > I "B ( , 8&- 8& *+ 1) > I "B > I "B > I "B > I "B ( ' (& 8&) ) >& # & $ "F&"

E(&+ * 5 : #

127

+ #"

- # #)= & * "" #$ ) * $ ' & * <

- Honorable Degree (Business Administration), Kensington University, California, USA - Commerce Diploma, Davis School, Brighton, UK - ) ) " DG ( L) " ) # > #-/ ' & "F # - Director Accreditation Program - "F EF "F& "9 > (> .) ( *+ 12

" /L #

E F & '7 ,

( :)

L G / ' ,b(L# # " ' # > "

L - - / /+

11.05

#" (%)

Annual Report 2013

! % & ##*+ $

# # (& #

2555 â&#x20AC;&#x201C; O 2552 â&#x20AC;&#x201C; O 2537 â&#x20AC;&#x201C; O 2553 â&#x20AC;&#x201C; O 2553 â&#x20AC;&#x201C; O 2553 â&#x20AC;&#x201C; O 2549 â&#x20AC;&#x201C; O 2549 â&#x20AC;&#x201C; O 2548 â&#x20AC;&#x201C; O 2547 â&#x20AC;&#x201C; O

2549 â&#x20AC;&#x201C; 2550

2552 â&#x20AC;&#x201C; O 2550 â&#x20AC;&#x201C; 2552

2551 â&#x20AC;&#x201C; O 2551 â&#x20AC;&#x201C; 2551 2547 â&#x20AC;&#x201C; O 2528 â&#x20AC;&#x201C; 2550 2524 â&#x20AC;&#x201C; 2528 2556 â&#x20AC;&#x201C; O

# # ' # EF ( # ' # EF ( # ' # # ' # # "# -# # & # # # # #

# " ' # > " # # EF EF

128

. - *+ . "# -# - ' " # . < & "* N # . - *+ . * > : # . ;K > . ( $ . ' &-: - * > : # . ' # - * > : # .

# . & :# ; <*

$# #"(& " # - " # >( & ) * $ ( &- % & ) * ) # . - *+ .

. <* - # &' # $ < . " &

# . - *+ .

,#&/ &

E(&+ * 5 : #

+ #"

L - - / /+

( :)

E F & '7 ,

#" (%)

Annual Report 2013

# # (& #

-D # D 8& <,8 % " - (>&

"/ L# *

>&#

>& - &

>&#

129

>& D $

-D # * + = L# *>( >& D $ ( # $ ) -D *+ = L# *>( >&# ( $> & ) *+ = L# *$(> >( >& - & ( $ ) " "# ) *+ = L# *$(> >( >&# ( * $ $ $ > ) *+ = #) b L# * / "/ ( "> " b -/ ) #

& #

&- - &" - >& D $ "# -#EF - ( ) )

,#&/ &

E(&+ * 5 : #

+ #"

| 3D D #

( :)

#G* #GG # ' & #

L - - / /+

- # DG (MBA) " % > $ & , University of Washington, USA # > - > )> #) " DG " % > )> #

" , University of Washington, USA # > - > )> #) " DG " % ;;N , University of Washington "F # - Director Accreditation Program - Director Certification Program - "F EF "F& "9 > (> .) ( *+ 11 - Securitization Fannie Mae of USA - Finance and Banking HSBC (Hong Kong) - # #)= "9 < <; )" &-

E F & '7 ,

#" (%)

Annual Report 2013

# # (& #

2550 â&#x20AC;&#x201C; O 2543 â&#x20AC;&#x201C; O 2542 â&#x20AC;&#x201C; O

# # #

-D # > " # EF

2547 - 2553 2540 - 2545

2553 - 2555

2546 - O 2555 - O 2553 - 2555 2553 - 2555

2549 - O

/+ # # ' #

/ F' *+ * # ' & # # > " # # # -> # "*+ &

# > #

L 2554 - O

130

# . - *+ . . ' " $ + ' . * >:

# . -F > > . ( ) ) "# -# - ' " # ' (& ) ' (& ) ' (& ) # . " <,8 % (>& ( ) ) " / (# $ ) . "9 & " &

>& - &

. - *+ . / (# $ )

,#&/ & . :# ;<* . (# $ )

E(&+ * 5 : #

+ #"

}& z % L #

L - - / /+

( :)

- Master of Science in Management and Regulation of Risk, The London School of Economics and Political Science, London, UK - Bachelor of Engineering in Information Systems (Honors), Imperial College of Science, Technology and Medicine, London, UK "F # - Director Accreditation Program - Director Certification Program - Audit Committee Program - Finance for Non â&#x20AC;&#x201C; Finance Director - Director Diploma Examination, The Australian Institute of Directors Association, Australia

E F & '7 ,

4.96

#" (%)

Annual Report 2013

# # (& #

2550 â&#x20AC;&#x201C; O 2552 â&#x20AC;&#x201C; O 2551 â&#x20AC;&#x201C; O 2549 â&#x20AC;&#x201C; O

L # &EF ( ( ) # # EF (

# . - *+ . # . < ; * > # . BF : '; <* . -$ "

,#&/ &

E(&+ * 5 : #

131

+ #"

" / 2 #

L - - / /+

( :)

- I ) " # DG (MPA) " % L ) " ) " ( " D ' > &'E ) "9 DG I ) " (NIDA) - ) " DG ( . .) # > #-/ ' & "F # - #, & - & $ "/ "F& "9 ( *+ 10 ( .10) - Director Accreditation Program - Director Certification Program

E F & '7 , -

#" (%)

Annual Report 2013

# # (& #

*+ = q # *+ = # " ) L # F *+ = # # & # D> I "B *+ =

% EF >( $ & # - ( . ) > $ -EF $/ ' * + = -D # #' " # $

2545 â&#x20AC;&#x201C; O 2545 â&#x20AC;&#x201C; 2546 2544 â&#x20AC;&#x201C; 2544 2543 â&#x20AC;&#x201C; 2549

2539 â&#x20AC;&#x201C; 2543 2535 â&#x20AC;&#x201C; 2539

2541 â&#x20AC;&#x201C; 2542

2551 â&#x20AC;&#x201C; O 2552 â&#x20AC;&#x201C; O 2553 â&#x20AC;&#x201C; O

& # # > " # # & #

2556 â&#x20AC;&#x201C; O

"B EF ' q

&- ) ' (& ) ( #*$ >* > ) & # -

132

# . :-< - $ + ) # . * *8 > I "B ( . . #DF f F % ) "B EF ' q > I "B

# . - *+ .

# . " # * :- -"

,#&/ &

E(&+ * 5 : #

+ #"

( ,b & ' / ( # "

( :)

/+ / $ $ ,( L - # "$ #

L - - / /+

- I ) " # DG "9 DG I ) " - ) " DG # > #) " "F # - ) * "F EF "F& "9 > ( 12 - Director Accreditation Program

- I ) " # DG "9 DG I ) " - L ) " ) " # DG ÂĄ & D # > "F # - Director Accreditation Program ( *+ 86/2010

E F & '7 ,

#" (%)

Annual Report 2013

# # (& #

2542 â&#x20AC;&#x201C; O

2553 â&#x20AC;&#x201C; O

2551 â&#x20AC;&#x201C; 2551 2550 â&#x20AC;&#x201C; 2551 2554 â&#x20AC;&#x201C; O 2554 â&#x20AC;&#x201C; O

2551 â&#x20AC;&#x201C; 2552

2553 â&#x20AC;&#x201C; O 2552 â&#x20AC;&#x201C; O O O 2549 â&#x20AC;&#x201C; 2554 2552 â&#x20AC;&#x201C; 2553

2554 â&#x20AC;&#x201C; O 2553 â&#x20AC;&#x201C; O

L # # " ' # > " &EF $ / > BF B - 1 # " # # *+ = &EF $ "/ & & # D ' & &EF $ "/ & EF $ / > ' (&$ EF &- / > BF ." * EF &- / > BF . - # "# $ "B EF ' q ' $* $,+

# " # > " ' # " ' /

-( ' # " ' # > "

# . > $ .

# . ' - ' '

"/ & / > ' (&$ "/ & / > ' (&$ # . - *+ . "B EF ' q

"/ & / > ' (&$

133

"/ & / > ' (&$ # . - *+ . * > # . Â? 8> & . ;F" " # #, &' ( ( ) ) # . - *+ . "/ & / > ' (&$

# . - *+ . < & "* N /

,#&/ &

E(&+ * 5 : #

+ #"

& $- /L #

( :)

" " #F ( # # ' *+ (EF )

L - - / /+

- Master of Business Administration ( * #) "9 DG )) ' (& ÂĄ & D # > - * Bachelor of Law, University of New South Wales - * Bachelor of Commerce Finance Major ( * #) "F # - Director Accreditation Program - "F

" & # ( *+ 40

- L ) " ) " # DG # > - * # > ) " "F # - Director Accreditation Program

E F & '7 ,

3.88

#" (%)

Annual Report 2013

! % & " > $

# # (& #

2556 â&#x20AC;&#x201C; O 2556 â&#x20AC;&#x201C; O 2556 â&#x20AC;&#x201C; 2556 2553 â&#x20AC;&#x201C; O 2552 â&#x20AC;&#x201C; 2556 2550 â&#x20AC;&#x201C; 2552 2548 â&#x20AC;&#x201C; 2550 2547 â&#x20AC;&#x201C; 2548 2555 â&#x20AC;&#x201C; O O O

L *+ (EF ) # # EF ( # # EF # EF # EF # EF ( # # EF $(> # EF " I

. ; *" # . F :

. < # . - *+ . .< & "* N & :# ;<* / (# $ ) (MFC)

134

+ #"

# . - *+ .

,#&/ &

E(&+ * 5 : #

L #/ &( # EF (

E$ $ / # EF " "

( :)

L L#

E( # # ' *+

L - - / /+

- The University of Southern Mississippi, Hattiesburg, U.S.A. M.B.A. Management Major - Chulalongkorn University, Bangkok, Thailand , B.A. Economics, International Economics Major - MINI MBA # > #) " ( *+ 43 - " % & - # > -

- # DG "/ EF # > #-/ ' & - L) " # DG # > #-/ ' & - * " % & # > DG

E F & '7 ,

#" (%)

Annual Report 2013

# # (& #

2552 â&#x20AC;&#x201C; O 2547 â&#x20AC;&#x201C; 2552 2544 â&#x20AC;&#x201C; 2547 2542 â&#x20AC;&#x201C; 2544 2541 â&#x20AC;&#x201C; 2542 2538 â&#x20AC;&#x201C; 2540 2532 â&#x20AC;&#x201C; 2538 2522 â&#x20AC;&#x201C; 2532

2556 â&#x20AC;&#x201C; O 2552 â&#x20AC;&#x201C; 2556 2550 â&#x20AC;&#x201C; 2552 2546 â&#x20AC;&#x201C; 2549

L 2556 â&#x20AC;&#x201C; O 2556 â&#x20AC;&#x201C; O 2556 â&#x20AC;&#x201C; 2556 2555 â&#x20AC;&#x201C; O 2555 â&#x20AC;&#x201C; O 2554 â&#x20AC;&#x201C; 2555

# EF " " # EF EF $(> # EF EF / > QR EF / > QR EF / > QR EF $(> EF / > QR > "(> QR

# EF ( # EF " " *+ = # EF # EF

# *+ # EF ( # # EF " " & # EF *+ #

# . - *+ . # . *;K # . <*# . > ( .) # . F :

. & - >& - . & * ; . & > <* "

# . *;K / (# $ )

# . - *+ .

# . <*# # . : # . ;K <* < "

,#&/ & # . - *+ .

E(&+ * 5 : #

135

+ #"

L2 '( ' ,b

# EF " > D $

' }/ L '( # EF " "

/ L E

E EF "F&" " $*' & ' EF$ (> # EF " $*' &

( :)

"L + # EF " "

L - - / /+

- $*# DG Â¡ & D # > - $* D G # > #) "

- - ) " DG "9 $B q "&%

- MBA University of Detroit, USA

- > ) " DG # > ) "

E F & '7 ,

#" (%)

Annual Report 2013

# # (& #

2553 â&#x20AC;&#x201C; 2553 2550 â&#x20AC;&#x201C; 2553 2549 â&#x20AC;&#x201C; 2550

2553 â&#x20AC;&#x201C; 2554

2554 â&#x20AC;&#x201C; O

2551 â&#x20AC;&#x201C; O 2550 â&#x20AC;&#x201C; 2551 2546 â&#x20AC;&#x201C; 2550 2545 - 2546 2556 â&#x20AC;&#x201C; O 2554 â&#x20AC;&#x201C; 2556 2552 â&#x20AC;&#x201C; 2554 2548 â&#x20AC;&#x201C; 2552

L 2552 â&#x20AC;&#x201C; O 2550 â&#x20AC;&#x201C; 2552 2548 â&#x20AC;&#x201C; 2549 2544 â&#x20AC;&#x201C; 2547 2540 â&#x20AC;&#x201C; 2543

EF "F&" " $*' & ' EF $(> # EF " $*' & ' EF / > > " EF / > > " EF / > " $*' & EF / > (#> &'E '

# EF # EF & # EF # # EF " " EF $(> # EF " " 4 EF / > " " 4 EF $(> EF / >

/+ # EF " " # EF & # EF EF / > EF > "

# . - *+ .

# . *;K

# . - *+ . . - * * # . <*# # . ;K # . - *+ .

# . $* " # . <*#

,#&/ & # . - *+ . . *;K

E(&+ * 5 : #

136

+ #"

'' ( $

L - - / /+

( :)

- ) * q # - >( & )' & % ( *+ 1, DG "B - ) " DG # > #) " "F # - Corporate Secretary Development Program ( *+ 1, "# -#

* ' (& )

E F & '7 , -

#" (%)

Annual Report 2013

# # (& #

2548 â&#x20AC;&#x201C; 2553

2553 â&#x20AC;&#x201C; O

L % EF / > "/ q # % EF "/ *+

# . *;K

# . - *+ .

,#&/ &

E(&+ * 5 : #

137

+ #"

42 ,#&6 E # &$- 31 # 2556

L - ) " F L

,#& # & # ( # & $- Â&#x2C6; + #" ( L )

,#& ,#& # & # ( #" & Â&#x2039;D$ + #" ( L )

$ / )

B/C/E

. . > I " $

B/C

. . . "#$ > D $ " *

C/D

$ ) L $

C/E

" > $

F/G

" %>

F/H

F/I

Â? & < < #

f b - 8>-$

"#- ", F

. . . >* & $,+ B *

> " L ) "

."." I "

F/I/J*

##*+ $ $ $ B D

F F/I/J

" > $

$F &) ) L

& D* 9 & *

$ ' &-/

) B f $-" % &)

&" > $ D > D

/ : * M *+ L EF "F&" % & A = # B = & # C = # " D = # > " E = # > " F = # G = # H = & #

I J K L M

Annual Report 2013

= = = = =

# *+ # EF ( # EF EF / & / ' (&"F&" " $*' & ' EF$ (> # EF " $*' &

138

42 #GL$ # G / 42 E

,#& # & # ( # & $- Â&#x2C6; + #" ( L )

% > " & & *+ ' " & & & #> *"(> "* ' & & J % & - *+ . / (# $ ) <=+ & > & '" &L & *+'" & & & #> *"(> "* ' J D > *+ 31 > -# 2556 ' & / % : " : *+'" & & & #> *"(> "* ' J & '" & *+ ' &"(> % & % & *+'" & & & #> *"(> "* ' J ' & '" & " *+'" & & & #> *"(> "* ' J "/ " 8 " > * > >#9=& # " $* *+"/ - ' # ,+ & ,+ H

# 4 "L 42 / EF ! EF E $ / ' / " & & ( *8 9F & # *+-> ## L & & & ' E $ *+ > -> - #B *+EF D >( / ! ,+ " # 9 / & & *+ ) '" &% #F *+% (

% : & ! " "/ - #(>( , % E

# 4 "L 42 #GL$ % ! EF E $ '" &-> # : ( & & & ( > E > " % &% % M & > " ## L " $* <=+& / % M #% / D >#9=&> &'E ' M & > " ,+ -> # $,+ # + ( &"# "#E >( & & ) '" &% #F *+% ( % : & ! " "/ - , #( > " >#9=& $ > * > " ,+ # <=+& L " $* *+ > / > & ' K E % #F & & > * > " *+ , $ %=8 F( % &EF " $* <=+& >#9=& # -> # "*+ & '" &% #F *+% ( % : & ! " "/ - % && & #(>( , % E # -> # "*+ & & ( > EF " $* D -> - #B *+ *+ >% & / ' / " & & 9F & # *+-> % & ,+

' > * > " *+ # "# "9 D ' ( #( $( ,+ > 9 "&- '" &-> # : ( " E % & -> - #B % & > " >#9=& # -> # # "#% & $* *+EF $ ' -> #"# "#E % & # D & $* *+ / %=8 EF ># 8& # / " & & ># % $,+ >( L " $* *+% * & ' # "# ,+ $ ! DG '" &-> # : % &% % : >( & & *+'" & & & #> *"(> "* ' & & J % & *8 '" &L & % & - *+ . / (# $ ) D > *+ 31 > -# 2556 ' E / & ' '" & " "/ " 8 " > * > 9F & # *+-> " "/ - ## L & & &

Annual Report 2013

139

2 / E(&$- *+ # $( ! '" &-> # : ' #* &,+ % # *+ ( > # & & % 4 / # L $* J *+ 12 ,+ & â&#x20AC;&#x153;B * & â&#x20AC;? # $ ! - 8&' ' / && & *+'" & & & #> *"(> "* ' J D > *+ 31 > -# 2555

# D > *+ 1 # -# 2555 ' "/ " 8 " > *+ 31 > -# 2555 *+'" & * * ! # $* #(' >

> *+ 20 #B 2557

$> * " L EF " $* % * 4301 ,#& "$ &( &2 L #& 3L ' #GL$ + #"

Annual Report 2013

140

,#& # & # ( # & $- Â&#x2C6; + #" ( L ) " b E # &$- 31 # 2556 : & /

&$- " &

/ $ 3" $ E # &$-

E # &$-

31 #

2556

2555

2556

2555

" # * "

& # ( & " ' * ( & "

1,073,087,608

1,443,205,116

1,334,881,131

1,073,087,608

1,443,205,116

1,334,881,131

& Q "9 &

569,310,000

106,380,455

105,611,739

569,310,000

106,380,455

105,611,739

F *8"/ $*

442,940,349

252,466,917

219,115,990

442,940,349

252,466,917

219,115,990

1,531,023,127

2,755,683,095

969,795,439

1,531,023,127

2,755,683,095

969,795,439

& & "

237,449,760

37,998,384

396,146,720

237,449,760

37,998,384

396,146,720

& & (>#"

340,153,559

314,181,134

319,775,617

326,977,310

*+ - ' D "

186,622,547

203,343,149

188,513,498

186,622,547

203,343,149

188,513,498

" #(# * > "

96,575,450

88,402,206

83,362,258

96,575,450

88,402,206

83,362,258

" B * & $*

143,055,030

141,456,906

189,666,750

145,690,285

138,897,675

188,226,412

" ,+ "

127,887,922

121,300,068

106,311,392

127,887,922

121,300,068

106,311,392

4,748,105,352

5,464,417,430

3,913,180,534

4,737,564,358

5,474,654,375

3,918,941,889

F *8 ' " <, 8 % (>& "

& # (

# & & ! "(> =+&% && & *8

Annual Report 2013

141

,#& # & # ( # & $- Â&#x2C6; + #" ( L ) " b ( ( ) E # &$- 31 # 2556 : & /

&$- " &

/ $ 3" $ E # &$-

E # &$-

31 #

2555

2556

" # * "

2556

2555

" # * "

$% *8" *8"/ $* *8

25,096,463

186,522,483

35,441,443

25,096,463

186,522,483

35,441,443

1,624,143,954 456,765

629,364,029 2,486,789

1,129,699,869 57,273

1,624,143,954 456,765

629,364,029 2,486,789

338,911,299

*8" "

1,129,699,869 57,273

" *8 *+

' & F ,# ,+

*8" #" $( &

3,428,712

5,422,380

27,177,415

3,428,712

5,422,380

27,177,415

B EF E $ % & &

46,864,861

39,664,089

45,170,124

46,864,861

39,664,089

45,170,124

*8" ,+

165,355,749

195,176,462

145,358,401

165,355,749

195,176,462

145,358,401

1,370,502,927

2,390,297,432

884,998,201

1,370,502,927

2,390,297,432

884,998,201

3,149,549,316

2,330,759,812

139,318,081 856,902

139,318,081 19,542,219

># *8" "(> % & % & ,

* " # 3,189,785,935 #F -( 1.00

3,189,785,935

* " # 3,149,549,316 #F -( 1.00

3,189,785,935

3,149,549,316

' * $/ ' > " # 2,589,743,484 #F -( 1.00

2,589,743,484

' * $/ ' > " # 2,330,759,812 #F -( 1.00 "(> #F -(

&- ,+ % &"(> % & % &

23 11.3

139,078,735 (8,940,060)

2,330,759,812

139,318,081 3,712,491

139,318,081 18,978,796

139,078,735 (2,179,721)

/ " "# " ' > "/ & # q #

& #( "

55,574,679

39,853,695

23,767,457

55,574,679

39,853,695

23,767,457

602,145,587

560,475,919

515,358,187

584,844,254

573,568,453

520,556,119

>#"(> % & % &

3,377,602,425

3,074,119,998

3,028,182,333

3,367,061,431

3,084,356,943

3,033,943,688

4,748,105,352

5,464,417,430

3,913,180,534

4,737,564,358

5,474,654,375

3,918,941,889

# & & ! "(> =+&% && & *8

Annual Report 2013

142

,#& # & # ( # & $- Â&#x2C6; + #" ( L ) + 3 "& " + # : % " # &$- 31 # 2556 : & /

&$- " &

/ $ 3" $ 2556

2555 " # * "

2556

1,269,677,471

1,695,680,086

2555 " # * "

1,695,680,086

-( # * #'

39,588,808

18,776,393

39,588,808

18,776,393

/ & & / " "(> ' (& / & & #> *"(> "*

*8 ' & O E

*8 & F ,# ,+ <,8 + ,

11.4

66,150,446 19,723,499 86,424,302 90,959,489 56,604,590 13,707,904

80,900,069 20,810,298 50,793,506 85,101,807 74,110,923 15,108,743

66,150,446 19,723,499 141,795,439 56,604,590 13,707,904

80,900,069 20,810,298 144,908,807 74,110,923 15,108,743

2,068,839,124

1,615,279,210

2,033,250,772

1,624,292,704

53,583,831 156,610,947

42,571,603 122,168,959

53,583,831 156,610,947

42,571,603 122,168,959

1,072,167,248 194,926,006 11,145,000 144,756,121 15,931,601

850,379,711 192,260,120 11,255,000 132,697,931 (63,769,192)

1,072,167,248 194,926,006 11,145,000 144,756,121 15,931,601

850,379,711 192,260,120 11,255,000 132,697,931 (63,769,192)

1,649,120,754

1,287,564,132

1,649,120,754

1,287,564,132

419,718,370 (74,904,818)

327,715,078 (67,326,502)

384,130,018 (69,710,333)

336,728,572 (68,445,394)

344,813,552

260,388,576

314,419,685

268,283,178

11.5 30

># -( $ ( & & -( # * #' ( -( $ ( / & -( $ ( *+ > & -( $ ( *+ > - "9 *+' D -( ' # -( $ ( ,+ *8"F ' *8"&" "F ( )

32 33

>#-( $ ( / ( B * & B * & + 3 &

Annual Report 2013

1,269,677,471

143

# & & ! "(> =+&% && & *8

" E # &$- 1 2556 / &$- 3 E " "# *+ ' & $*

-& , D > *+ 1 # -# 2556 *+ &' > * + ' & >( & +# "(> + / >( #F -( & O E ( / (% ) : " : ># "/ & # q # " E # &$- 31 # 2556

" # * " " E # &$- 1 2555 / &$- 3 E " "# *+ ' & $*

-& , D > *+ 1 # -# 2555 *+ &' > * + ' & >( & & O E ( / (% ) : " : ># "/ & # q # " E # &$- 31 # 2555

139,318,081 139,318,081 (239,346) 139,078,735

2,330,759,812 2,330,759,812 258,983,672 2,589,743,484

Annual Report 2013

139,318,081

139,318,081 139,318,081

2,330,759,812

2,330,759,812 2,330,759,812

& &$- $ L+

(12,652,551) (8,940,060)

4,420,527 (708,036) 3,712,491

(15,266,305) 3,712,491

24,390,632 (5,411,836) 18,978,796

( - (/-+ ) & #" 2 &

+ 3

15,720,984 55,574,679

39,853,695 39,853,695

16,086,238 39,853,695

23,767,457 23,767,457

& + / Â&#x20AC;

&$- " & / $ 3" $

,#& # & # ( # & $- Â&#x2C6; + #" ( L ) " $- + # : % " # &$- 31 # 2556

(287,422,900) 344,813,552 (15,720,984) 602,145,587

418,018,865 142,457,054 560,475,919

(205,077,188) 266,281,158 (16,086,238) 560,475,919

319,498,122 195,860,065 515,358,187

# 3 3" #"

144

258,983,672 (239,346) (287,422,900) 332,161,001 3,377,602,425

2,932,370,980 141,749,018 3,074,119,998

(205,077,188) 251,014,853 3,074,119,998

2,837,734,104 190,448,229 3,028,182,333

: &

# & & ! "(> =&+ % && & *8

" E # &$- 1 2556 / &$- 3 E " "# *+ ' & $*

-& , D > *+ 1 # -# 2556 *+ &' > * + ' & >( & +# "(> + / >( #F -( & O E ( / (% ) : " : ># "/ & # q # " E # &$- 31 # 2556

-& , D > *+ 1 # -# 2555 *+ &' > * + ' & >( & & O E ( / (% ) : " : ># "/ & # q # " E # &$- 31 # 2555

E " "# *+ ' & $*

" # * " " E # &$- 1 2555 / &$- 3

139,318,081 139,318,081 (239,346) 139,078,735

2,330,759,812 2,330,759,812 258,983,672 2,589,743,484

Annual Report 2013

139,318,081

2,330,759,812

& &$- $ L+

(3,036,623) (2,179,721)

851,127 5,775 856,902

(18,685,317) 856,902

19,542,219

(5,580,233)

25,122,452

15,720,984 55,574,679

39,853,695 39,853,695

16,086,238 39,853,695

23,767,457

(287,422,900) 314,419,685 (15,720,984) 584,844,254

434,676,553 138,891,900 573,568,453

(205,077,188) 274,175,760 (16,086,238) 573,568,453

520,556,119

193,806,645

326,749,474

( - + 3 #"

# 3 3" #"

(/-+ ) & & + #" / Â&#x20AC; 2 &

,#& # & # ( # & $- Â&#x2C6; + #" ( L ) " $- ( ( ) + # : % " # &$- 31 # 2556

258,983,672 (239,346) (287,422,900) 311,383,062 3,367,061,431

2,945,459,268 138,897,675 3,084,356,943

(205,077,188) 255,490,443 3,084,356,943

3,033,943,688

188,226,412

2,845,717,276

: &

145

,#& # & # ( # & $- Â&#x2C6; + #" ( L ) " + # : % " # &$- 31 # 2556 : & &$- " &

/ $ 3" $ 2556

2555

2556

2555

" # * "

"+ / ( B * &

419,718,370

327,715,078

384,130,018

336,728,572

-( ",+ # - ' -( / (

64,047,127

68,179,653

64,047,127

68,179,653

*8"F ' *8"&" "F ( )

15,931,601

(63,769,192)

15,931,601

(63,769,192)

(78,923)

(412,229)

(78,923)

(412,229)

85,797

246,439

85,797

246,439

(66,072,048)

(46,283,505)

(66,072,048)

(46,283,505)

525

(34,204,335)

525

(34,204,335)

3,032,653

2,542,546

3,032,653

2,542,546

(86,424,302)

(50,793,506)

-( $ ( E $ % & &

12,465,402

13,304,823

12,465,402

13,304,823

& &

53,583,831

42,571,603

53,583,831

42,571,603

(147,564,079)

(159,212,730)

(198,400,029)

(219,019,730)

& "

135,939,639

139,968,975

135,939,639

139,968,975

& " (

(53,310,198)

(42,845,236)

(53,310,198)

(42,845,236)

& " ( B * &

(89,950,487)

(2,090,738)

(89,950,487)

(2,090,738)

261,404,908

194,917,646

261,404,908

194,917,646

& >

/ *+ & #( %=8 > #F -( & & , + - % *+ & #( %=8 > #F -( *8" " / % & & , + - % ( / ) % & & E, + % % % ' / ( - ' D ' " #(#* > "(> ' (& / & & #> *"(> "*

*8 ' & O E

/ / & ( *+ ' & " ' *8" / &

Annual Report 2013

146

,#& # & # ( # & $- Â&#x2C6; + #" ( L ) " ( ( ) + # : % " # &$- 31 # 2556 : & &$- " &

/ $ 3" $ 2556

2555

2556

2555

" # * "

"+ ( ( ) " / & ( +#%= 8 ) & & Q "9 &

(462,929,545)

(768,716)

(462,929,545)

(768,716)

F *8"/ $*

(190,473,432)

(33,350,927)

(190,473,432)

(33,350,927)

F *8 ' " <, 8 % (>&

1,208,591,250

1,208,591,250 (1,722,209,708)

(1,722,209,708)

& " ( <, 8 & & , + - (64,394,949,930) & " % & & , + -

(57,593,292,933)

(64,394,949,930)

(57,593,292,933)

64,474,955,300

57,680,735,107

64,474,955,300

57,680,735,107

97,868,654

(2,991,375)

97,868,654

(2,991,375)

1,573,463

1,066,469

1,573,463

1,066,469

*"8 / $*

(161,426,020)

151,081,040

(161,426,020)

151,081,040

* 8

(494,444,085)

994,779,925

(494,444,085)

994,779,925

*8" "

(485,289)

(2,276,463)

(485,289)

(2,276,463)

(5,264,630)

(11,445,130)

(5,264,630)

(11,445,130)

(104,562,933)

34,265,887

(104,562,933)

34,265,887

229,857,711

(309,489,178)

229,857,711

(309,489,178)

(140,707,432)

(117,000,000)

(140,707,432)

(117,000,000)

1,018

444,334,905

1,018

444,334,905

" ,+ " & " % -, B * & *8" / & +#%=8 ( &)

B EF E $ % & & *8" ,+ & " " # ( $ ) # / & "

& & " ( <, 8 & & E,+ % & " % & & E,+ % & " ( <, 8 Â?>' &

(150,965,817)

& " Â?>' &

80,000,000

& " & O E % & & &

249,464

3,866,346

249,464

3,866,346

& " & O E % & & & (>#

50,835,950

73,216,000

50,835,950

73,216,000

(60,307,202)

(77,792,648)

(60,307,202)

(77,792,648)

2,227,523

39,252

2,227,523

39,252

(218,666,496)

326,663,855

(218,666,496)

326,663,855

& " ( <, 8 - ' D ' " #(# * > & " % - ' D ' " #(#* > & " " # ( $ ) # &

Annual Report 2013

147

,#& # & # ( # & $- Â&#x2C6; + #" ( L ) " ( ( ) + # : % " # &$- 31 # 2556 : & &$- " &

/ $ 3" $ 2556

2555

2556

2555

" # * "

#" & " " *8 *+ ' & F ,# ,+ & " ( $/ " *8 *+

' & F ,# ,+ & " ( $/ *8" #" $( & & " +# & O E (

364,550,018

678,870,140

364,550,018

678,870,140

(715,000,000)

(350,000,000)

(715,000,000)

(350,000,000)

(2,180,166)

(32,643,644)

(2,180,166)

(32,643,644)

67,111

(28,745,686)

(205,077,188)

(28,745,686)

(205,077,188)

(381,308,723)

91,149,308

(381,308,723)

91,149,308

& " ' * ( & " +#%=8 ( &) "

(370,117,508)

108,323,985

(370,117,508)

108,323,985

& " ' * ( & " D > *+ 1 # -#

1,443,205,116

1,334,881,131

1,443,205,116

1,334,881,131

" &$ & " E # &$- 31 #

1,073,087,608

1,443,205,116

1,073,087,608

1,443,205,116

& " " # ( $ ) # &

Annual Report 2013

148

,#& # & # ( # & $- Â&#x2C6; + #" ( L ) / + # : % " # &$- 31 # 2556 1.

2 &#- 3 - *+ . / (# $ ) (â&#x20AC;&#x153; â&#x20AC;?) ! -- *+ 8&%=8 ) 2536 % !

* ' (& ) * ' &"B ! # $ / # q # >( > # $ / #,+ > *+ 17 #B 2537 #*"/ & ( * &8 F( % *+ 132 - " 1 $ 8 2 9 > '%>& # * % # > & 10330 D > *+ 31 > -# 2556 ' 2555 #*" % F( / > 50 " % #,+ > *+ 22 -# 2551 >& - & # ' % *+ -0002-01 ' ( ' # % *+ 51/2517 ' % *+ 18/2547 ' ! B & ( *8 1. 2. 3. 4. 5. 6. 7. 8.

! <,8 % - / ( ! *+ = & & ># & "(> -- ,#' ,# & (># &

-> # : $ ! *+ = & & 8 &' ( > *+ 21 #* -# 2555 9= & > *+ 20 #* -# 2560 "/ & -D # / '

Annual Report 2013

149

#,+ > *+ 13 " & -# 2551 % *+ 0007/2551 B ! <,8 % " <,8 % (>& -D # / ' 8& *8 #*E &8 ' (> *+ 31 q -# 2551 #,+ > *+ 12 q -# 2553 B ,#' ,# J L > (Principal) "/ & -D # / ' "/ B & ># & "(> -- ' & (># & +# / : ( #,+ -> # : $ "/ & -D # / ' ' > 2.

# Ef( #"&+ + 2.1 / $* ! & ' / & & # q # ! B ## L & & & ' > * M & $* *+ & +> ) ' / %=8 # )% &"/ & -D # / ' '" & & & *8 / %=8 ,+ ! ## L $* J *+ 1 ( & 2552) ,+ & â&#x20AC;&#x153; / " & & â&#x20AC;? ' #% / % &"/ & -D # / ' (â&#x20AC;&#x153; .â&#x20AC;?) *+ " / %/ . 53/2553 &> *+ 15 > -# 2553 ,+ & â&#x20AC;&#x153;' & & "/ â&#x20AC;? 2.2

/ # L & & & *+

#(' & #(# 9, M 8&' (> *+ 1 # -# 2556 / # L & & & *+

#(' & #(# 9, M <=+&

"B > $ $* $*<=+&#*E ( & & *+#* > $* *+ +# , &> *+ 1 # -# 2556 & ( *8 / b #GL$ J *+ 12 J *+ 20 ( & 2552)

B * & $*"/ & L ' K E % #F *+ > -> # $(> , L J *+ 21 ( & 2552) E *+ ' &% & ' *+ & ( & ) / b

& J *+ 8 "(> & / & /$ / b #GL$ J *+ 10 -> #$(> , L - D* *+ #(#*-> # *+ >% & ( & J & # / & J *+ 21 B * & - $ $ " *+ #( - -( ",+ # - *+ * - #( J *+ 25 B * & - *+ ' &"9 B &B *% & , % &EF 9, { #/ &

#GL$ ' > M & $* ,+ & ' " & &

Annual Report 2013

150

2.3

# L & & & *+

#(' & #( *+ )' >' ( & #(#*E &- $ "B > $ $* $*

) *+ *+ > # L & & & *-> ## L $* ' *-> ## L & & & <=+& ) $ ' > & ( *8 / b

& / /$ / b #GL$/ /$ / b

& / b #GL$ J *+ 1 ( & 2555) / " & & J *+ 7 ( & 2555) & '" & "

J *+ 12 ( & 2555) B * & J *+ 17 ( & 2555) " $( J *+ 18 ( & 2555) J *+ 19 ( & 2555) E $ % & & J *+ 21 ( & 2555) E *+ ' &% & ' *+ & ( & ) J *+ 24 ( & 2555) K E % #F *+ > -- , *+ *+ >% & J *+ 28 ( & 2555) & & (># J *+ 31 ( & 2555) "(> "* (>#- J *+ 34 ( & 2555) & & >( & J *+ 38 ( & 2555) " #(#* > / b

& J *+ 2 ( & 2555) ( $ ! DG J *+ 3 ( & 2555) ># J *+ 4 " B J *+ 5 ( & 2555) " #( # >* *+9 , > ,+ % ' / & *+ J *+ 8 ( & 2555) "(> & / &

Annual Report 2013

# &$- $4 # # *L

1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557

1 # -# 2557 1 # -# 2557 1 # -# 2559 1 # -# 2557 1 # -# 2557

151

/$ / b #GL$ J *+ 15 " $( / & -" +& F& *+ ' (EF $( J *+ 27 # ,8 " $( *+ / %=8 # F ' q # J *+ 29 K E % #F % &% &" # J *+ 32 " #(#* > - >: <

1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557

/$ / b

& J *+ 1 *+ ' & *8" *+ %=8 , 8 9 F D ' *8" *+#* D - - =& J *+ 4 # >( % & > " $( , #( J *+ 5 " "(> "* & ,8 9 F D ' &"B '> # J *+ 7 ,+ & & &B # L $* J *+ 29 ,+ & & & & "B ) L *+#*B > & ;N ' & J *+ 10 & & >( & ' -( J *+ 12 % &" # J *+ 13 ' #" ) ' ( F - J *+ 17 ( " *+ #( $( & " % & J *+ 18 " F -

1 # -# 2557 1 # -# 2557 1 # -# 2557

1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557 1 # -# 2557

EF % & - >( / # L & & & J *+ *+ >% & # +#9, M & & % & #,+ # L & ( >#*E &- $ EF % & F( >( & # E ( & & *+ +# $ # L & ( > 2.4

& & #> *"(> "* "(> ' (& / & & #> *"(> "* - ! % & ># & & *+'" & & & #> *"(> "* & *8

+ # : % " # &$- 31 # 2556 2555 â&#x20AC;&#x153; # * â&#x20AC;? & :# ;<* / (# $ ) ( > " EF " $* ,+ ) - "(> ' (& / & & #> *"(> "* ( ) - % & >#% &

Annual Report 2013

86,424,302 4.2

50,793,506 3.1

152

#GL$&$- + #G & & *8 / %=8 $ DG - # > #F -( % & &- % && & > # *+ K E $* $* *+"/ - % & " #* & ( *8 3.1 F -( -( <,8 % ' " <,8 % (>& 9, ! D > *+ -( # * #' -( # * # F # DG -&- & "(> -( 9, ! # "(> % && *+ / " : # *+ " / (% ) & & ' " / (% ) & & ' " F ! , -( $ ( D > *+

*8 & F ,# ,+ <,8

*8 9, ! # DG -&- & > ' (#*-> # #(' ( * : & '

*8 =&

*8 & ( > # DG -&- & D* & ( *8 9, >( #*-> # #(' ( * : & '

*8 1) F *8 +> *+#* +/ >( #F *8 2) F *8E( $/ *+#*&> $/ & #( " # , <=+&- &$/ & ,

*8 8&' (" # , %=8 3) F *8E( $/ *+#*&> $/ & >( " # , > ' (#* L *+$ ' #*-> # ! -( % &' ( *+ $/ *8 8& #

4) F *8"9 & *+#* O 5) F *8 ,+ *+- &$/

*8 8&' (" # , %=8 &,+ % & ( >% & ! # DG *+ / "/ & -D # / '

*8 ' & O E & &

*8 & & 9, ! # DG -&- & & O E & & 9, ! #,+ #* ) ( 3.2

F -( $ ( -( $ ( = # DG -&- & " $( / & " $( <=+&-> # "*+ &' E ' "(> (% & ! % &" &-& F( EF $( 9, ! " $(

/ & ( B " $( / & = & / % : " : > * " &

" $( $ *+ #" $( F & / % : " : ! "(> =+&% &-( $( 8&" 8 #" -( $( *+

%=8 = & / % : " : $* *+#* & ( >

Annual Report 2013

153

3.3

F ' $*" % & F - = & *+ F - > & > ,+ <,8 % $* & " <,8 % $* & Q <,8 % - < ' <,8 % " <,8 % (>& ! " ' *8" % & ' D > *+ & '" &L & & ( >

8& " ' *8" '" & J " ' *8" *+ ! % & ( 8

3.4

& " ' * ( & "

& " ' * ( & " > & " #, & Q - '" > & Q -

# & Q / *+#* -& , #( 3 , > *+ # ' #(#*B EF Â?> & B E,+ * ' Â?>" $ & *+#*> 9=& / B 3 , > *+ # <=+& ! # )"/ & -D # / '

3.5

& Q "9 & & Q "9 & ' ( & Q / Â? > " $ & *+ #* - & , >( 3 , > *+ # & Q *+#*B EF ' & Q *+#* B 3 , > *+ # ' ( #*-> # 8& *+ 9, ( F ' # ( Â?>

3.6

F *8' *8"/ $*

" F *8 , *8 *+ $/ - <,8 % ' " <,8 % (>& E( "/ $* % &)F Q ' ( > '

" F *8 , *8 ( & ) *+ $/ - <,8 % ( & )E( ( & ) '" & !

" F *8 , *8 "/ $* <= +& ! # )"/ & -D # / ' *+ " /%/ . 53/2553 ,+ & â&#x20AC;&#x153;' & & "/ â&#x20AC;? &> *+ 15 > -# 2553

3.7

F *8 ' " <,8 % (>& F *8 ' " <,8 % (>& # 9=&

" F *8 ' " <,8 % (>& & -( E,+ *8"&" "F F *8 ' (& ! 3 B -, F *8<,8 > & " F *8 & F ,# ,+ <,8 ' F *8 ,+ F *8<,8 > & " ! $* *+ F *8 &$/ - -( <,8 B 3 > / F *8 & F ,# ,+ <,8 ! $* *+ F *8" # 9 F ,# & ,+ <,8 &> & $/ *8 *+ #( +/ >( *+ ' (& ) / F *8 ,+ ># F *8<,8 ' " <,8

% (>& > & " *+ #(" # 9$/ & B > *+ / ' F *8 ' " <,8 % (>& *+ F( >( & / - * # *8 , E( $/

Annual Report 2013

154

9, M 8&-( E,+ *8"&" "F # L F *8' ( ' F * 8 ># D # q DG )% &"/ & -D # / ' *+ . 33/2543 ' . 5/2544 &> *+ 25 " & -# 2543 ' > *+ 15 #B 2544 # / <=+& # *8 >#9=& D -> # "*+ &' #F -( % & *+ $ -8/ 8&-( E,+ *8"&" "F "/ F *8 #,+ *8 8 #* #( * & ' / , #* " *+ F *8 $/ & '

*8 -, #(- / > 8& *8 9, ,8 L $ 8 *8 ' 8 &"/ & # DG *+ / "/ & -D # / ' #* *

& *8 ) #F *8 $ 8 "F # 9=& 1) #F *8% & F *8 *+ # >&9 # 9=& *+" ' > ' ( #( $/ *8 ' / / ( *8"F $* F *8 # q # B * ' > 2) #F *8 *+ / " *8 %) #F *8 $ 8 "&" # 9=& #F *8 J "(> *+"F& >( % & F *8 *+ % D & *8 1) F *8 +> F *8"9 & *+#* O ' F *8 ,+ *+#* +/ >( #F *8 2) F *8E( $/ *+#*&> $/ & #( " # , <=+&- &$/ & ,

*8 8&' (" # , %=8 3) F *8E( $/ *+#*&> $/ & >( " # , > ' (#* L *+$ ' #*-> # ! -( % &' ( *+ $/ *8 8& #

-) #F *8 $ 8 +/ >( # L # 9=&#F *8"(> *+ #("F& >( % & F *8 *+ % D # %) 8& *8 / ( F *8 $ 8 "F

$* * *+ ' 8&-( E,+ *8"&" "F #( +/ >( =+& % &#F *8 $ 8 "&" 8& / > 3.8

& & & & *+ ! -> # & % & <=+&9, > ,+ - '" & #F -( # = *+ ' & > #F -( % & & & ! / , % & / % : " : & & " *8 *+ 8& ' " # 99, >( - / '" & - / ( > %

-( % & & & E ( & >( & - *+<,8 # #F -( 9(9 % & " *8 9F ( > *

*8 *+ ' &

% & " *8 *+ ,

& & " *8' " <=+& ! -> # & % & , *+9, > ,+ - , 8& 9,

> - / B ! & & E,+ % ' '" & #F -( # *+ ' & > #F -( & &

& ( > '" & ! &- ,+ % &"(> % & % & "(> % & % & > % -( % & & & F & / % : " : ' #,+ #* / ( & & & F E / , % *+ - = &- ,+ % &"( > % & % & "( > % & % & & % & / % : " : "/ D* *+ ! & & B *+ #*

*8 & =

*8 & / % : " : > *

*8 *+' & & & " <=+& #( $( -> # & % & '" & - " -( E,+ -( (9 #*) #F -( #% & -> # & % & -/ >D - " <,8 &" D " 8 > / " % & % & ' (& ) #F -( #% & (> & & K -/ >D #F -(

Annual Report 2013

155

" " % & (> & #F -( #% & " *8-/ >D $ E ' " <,8 ( " % &"# -# " *8 -/ >D "/ & & " $ > *9 > J *+ 9(>& 8/ ' "/ & & " <,8 % (>& $ > * % (

( -( % -( (9 #*) % & & & = & / % : " : #,+ - # $*"F& >( - *+- >( -, 3.9

& & (># & & (># *+'" & F( & & *+'" & & & #> *"(> "* '" &#F -( #> *"(> "* & & (># *+'" & F( & & J '" &#F -( #> * -

D > *+<,8 & & F E ( & >( & % & & & #F -( # $*% &" *8" ' *8" *+ %=8 *+ (># ! -( -> # # <=+&'" & ># F( #F -( # $* & & = % -( (9 #*) % & & & (># & / % : " : 3.10

*+ - ' D *+ '" & - - ' D '" & > - -( ",+ # - " "#' -( E,+ -( (9 #*) -( ",+ # - = ! -( $ ( & / % : " : ' -/ >D > * " & # $ # D% & - ' D ' ( #,+

- ' D 8 # $ & # D $ '" & & *8

- "(> & - / - *+ $( - ,+ & ' (&' D "/ &

20 5 3-5 5

" *+ $( " $( *+ "(> (% &-> # "*+ &' E ' - - & " *+ $( 8 H > #" b & q # B ! " $( & & " *+ $( *+ # / " $( & & = ! " > #F -( # , #F -( O % & / > & % 8 +/ *+ & ( #" $( ' >' ( / > + / >( > +# % &" $( > -( ",+ # - " "#' % -( (9 #*) -( $( *+$ / ' ! "(> *+ ! -( $ ( & & ' "(> *+ *8 #" -( $ ( & & = & & / % : " : -(

- ' D #* " -( #,+ #*% (&$*8>( - ' D 8 -( / ' % / ( -/ >D * * " +& ' *+ - # $* ' = ># & / % : " :

Annual Report 2013

156

3.11

" #(#* > " #(#* > *+ $ ' ( '" & > - -( / ( " "# ' -( E,+ -( (9 #*) -( / ( = ! -( $ ( & / % : " : -/ >D > * " & # $ # D% &" #(#* > ' ( #,+ " #(#* > *+#* $ ' ( 8 # $ & # D $ '" & & *8 -( # * # $ " <,8 % (>& ' #- # >

1 - 5 5

" #(#* > *+ $ #( ' ( " -( #,+ #*% (&$*8>( " #(#* > 8

-( ' 8&-( E,+ -( (9 #*) 3.12

" *+9, > ,+ % " ! " *+9, > ,+ % #,+ #F -( # $* *+ -, "(> (# % # $(# $ " 8 ( <=+&EF % & - >( % #*-> # ! "F&# ' " & ( > &#* > ,+

% * "B O " *+9, > , + % > " & # <=+&'" & > - , #F -( # % ' >' ( - +/ >(

3.13

" $( " $( '" & > - -( / ( " "# ' -( E,+ -( (9 #*) -( / ( = ! -( $ ( & / % : " : -/ >D > * " & # " $(

3.14

" & # ,+ &

" & # ,+ & '" & > - -( ",+ # - " "#' -( E,+ -( (9 #*)

3.15

*8 *8 ! B % & ' " <,8 % (>& *+#* (

-- B

3.16

*8" " = B "/ - '" &" ! *8" ' = *+ ' &% &#F -( # & / % : " : #F -( #% & "/ - '" &" -/ >D - " % &" D " 8 > / " % & % & ' (& )

Annual Report 2013

157

3.17

& F ,# & F ,# F +#' > #F -( #% &" +& ' *+ > ( # & F ,#> #F -( > > * -

/ ( #> *

*8 *+' & E ( & >( &" +& ' #,+ * #F -( *+ ( -, ,+ $/ *8 8 F & / % : " :

$(>& > F ,#

3.18

# D *8" F # D *8" & & #,+ " # 9 # D#F -( *8" 8 ( & ( $,+ 9, ' ! B EF O #,+ #*-> # ! -( % &' ( *+ / "F "* *+#* $ $ & ) L ( ,+ ( $/ B EF & ( >

3.19

- ,+ &#, & & - ,+ &#, & & *+'" & & '" &L & > & " ' * ( & " & Q "9 & F *8"/ $* F *8 ' " <,8 % (>& & & & & (># *8 "/ $* *8 *8" " " *8 *+

' & F ,# ,+ ' *8" #" $( & <=+& $* J "/ ' ( K E ' > ' ( >% *+ *+ >% &

3.20

E $ & 3.20.1 & "/ & *8 &$* & ( "# & "/ & *8 &$* "/ & = ! -( $ ( #,+ 3.20.2

B EF E $ % & & -/ >DB EF E $ % & & &

& # $ - #- &' && % "## L &-D ) " B D > " 8 > & > > *- ' ( ( > *+ # D > (Projected Unit Credit Method) <=+& ! # D #F -( O % & '" & " % &E $ *+ - >( & ( - -/ >D ,8 L % &% "## L & -D ) " B ' ( & , &

# D & ' O

,+ H 8& *8 - *+ $ -/ >DB EF E $ % & & &

& 8

& & E ' % & L F -( $ ( - & E $ % & & &

& ! -( $ ( *+ > & & / % : " : E / # D # -D ) " B "/ - & E $ % & & &

& F / (% ) : " : ,+

3.21

B * & B * & > B * & O ' B * & $* B * & O = B * & O # / > *+- >( ( (> & : B *% & L -/ >D / & B * # DG *+ / q # B * B * & $*

Annual Report 2013

158

= B * & $*% &E ' ( &$ +>- > >( & - # $*% &" ' *8" D > " 8 > & L B *% &" ' *8" *+ *+ >% & 8 $ B * *+#*E &- $ D > " 8 > & F *8" B * & $*% &E ' ( &$ +>- > *+ & "* B * ' ( F " B * & $*" / E ' ( &$ +>- > *+ $ B * ># 8&E % &B * *+ & #( $ / > ( *+#*-> # ! -( % &' ( *+ #* / &B * - * & *+ $ $ E ' ( &$ +>- > *+ $ B *' E % &B * *+ & #( $ 8 > #F -( # $*% &" B * & $* " 8 > & ' / #F -( # $* & ( > #*-> # ! -( % &' (>( #(#* / &B * * & ( / " B * & $* 8& # , &"(> # $ $ = B * & $* & &"(> % & % & B * *+ %=8 *+ >% & *+ = & &"(> % & % & 3.22

/ ( % 8 ,8 L / ( % 8 ,8 L -/ >D / " "/ > / > 9 > J *+ 9(>& 8/ % & " # *+9, -- B *+

F( >( &

3.23

$* *+ ! & ( & ) ' &-( $* *+ ! " & ( & ) *+ %=8 >( &&> ! & > ' *+ D > *+

-& , % &" ' *8" *+ ! > & " & ( & ) D > *+ & & ' &-( ! & $ & &% & - ' (& ) D > 8 / , % > & ( & ) *+ ' &-( ' $/ & F ! , -( $ ( & / % : " :

3.24

$ # D & $* / & & ! # $* *+ & +> & ) % &EF /

$* # D ' 8&% "## L <=+&#*E ( '" & / > " *8" ' K E % #F *+ > " ' *8" *+ %=8 D > *+ & & ># 8& '" & ' -( $ ( % & $* 9=&'# >( # D % &EF D ( &"# "#E B D D %D 8 E *+ %=8 & #*-> #' ( & # D 8 # D & $*#* & ( *8 #F -( #% & - ,+ &#, & & K E #F -( #% & - ,+ &#, & & & $ # D#F -( # & 8 #F -( # *+ # D%=8 *+ K E # & & *8 =& #( / ! & (&$*89=& / > & <=+& %=8 &

' *+ O $ % "## L & ' / , > * # D *+ ' ( & #* E *+ #* " "/ - ( #F -( # *+ # D%=8

Annual Report 2013

159

$- #GL$ / $* *+ > B * & $*# $ ! - 8&' "/ & & "/ " 8 " > *+ 31 > -# 2556 9, M ## L $*J *+ 12 ,+ & â&#x20AC;&#x153;B * & â&#x20AC;? & 8 % #F & & "/ " 8 " > *+ 31 > -# 2555 ' > *+ 1 # -# 2555 *+ / # * * =& ! % #F *+ / %=8 # $* #( E " "# *+ ' & $* ( & & #* & ( *8 " b : & &$- " & / $ 3" $ E # &$E # &$31 # 1 2555 2555 & # ( ,$ 3" /#" #GL$

-& , ( *+ ' & $* +#%=8 % &" B * & $*

-& , & *+ ' & $*

141,456,906 141,456,906

189,666,750 189,666,750

( -

-& , ( *+ ' & $* &% &" B * & $*

-& , & *+ ' & $*

4,420,527 (708,036) 3,712,491

24,390,632 (5,411,836) 18,978,796

418,018,865 141,451,131 1,005,923 560,475,919

319,498,122 195,246,983 613,082 515,358,187

+ 3 - # 3 3" #"

-& , ( *+ ' & $* +#%=8 % &" B * & $* +#%=8 % &" B * & $*% & (>#

-& , & *+ ' & $*

Annual Report 2013

160

+ 3 "& " : & &$- " & / $ 3" $ + # : % " # &$- 31 # 2555

,$ 3" B * & ( *+ ' & $* +#%=8 % &B * & B * & & *+ ' & $*

,$ 3" $- # ( + 3 ( "& ) " - B * & * + > &- % & / (% ) : " : ,+ ( *+ ' & $* +#%=8 % &B * & *+ >

&- % & / (% ) : " : ,+ B * & * + > &- % & / (% ) : " : ,+ & *+ ' & $* + 3 & / " ( *+ ' & $* &% & / " / " & *+ ' & $* + 3 & / #% % b / " ( % 8 ,8 L ( *+ ' & $* &% & / " ( % 8 ,8 L / " ( % 8 ,8 L & *+ ' & $*

Annual Report 2013

15,003,795 52,322,707 67,326,502

3,230,654 3,230,654

312,318,441 (51,929,865) 260,388,576

0.134 (0.022) 0.112

161

" b : & x

E # &$E # &$31 # 1 2555 2555 & # ( ,$ 3" /#" #GL$

-& , ( *+ ' & $* +#%=8 % &" B * & $*

-& , & *+ ' & $* ( -

-& , ( *+ ' & $* +#%=8 ( &) % &" B * & $*

-& , & *+ ' & $* + 3 - # 3 3" #"

-& , ( *+ ' & $* +#%=8 % &" B * & $*

-& , & *+ ' & $*

138,897,675 138,897,675

188,226,412 188,226,412

851,127 5,775 856,902

25,122,452 (5,580,233) 19,542,219

434,676,553 138,891,900 573,568,453

326,749,474 193,806,645 520,556,119

+ 3 "& " : & x

+ # : % " # &$- 31 # 2555

,$ 3" B * & ( *+ ' & $* +#%=8 % &B * & B * & & *+ ' & $*

Annual Report 2013

15,003,795 53,441,599 68,445,394

162

+ 3 "& " : & x

+ # : % " # &$- 31 # 2555

,$ 3" $- # ( + 3 ( "& ) " - B * & * + > &- % & / (% ) : " : ,+ ( *+ ' & $* +#%=8 % &B * & *+ > &- % & / (% ) : " : ,+ B * & * + > &- % & / (% ) : " : ,+ & *+ ' & $* + 3 & / " ( *+ ' & $* &% & / " / " & *+ ' & $* + 3 & / #% % b / " ( % 8 ,8 L ( *+ ' & $* &% & / " ( % 8 ,8 L / " ( % 8 ,8 L & *+ ' & $*

Annual Report 2013

4,112,862 4,112,862

321,724,777 (53,441,599) 268,283,178

0.138 (0.023) 0.115

163

2 - / $- # " *+ #( *+ >% & & " #* & *8 5.1 " $( & "/ D ' #* & *8

*8" #" $( & # > <,8 +# ( ) " $( & " 8 " " ( ) & " ( >

*8 $* *8" #" $( & 5.2

&$- " & / $ 3" $ x

+ # : % " # &$- 31 # 2556 2555 & & 5,422,380 27,177,415 12,384,421 (1,762,500) (2,180,166) (32,643,644) 186,498 266,688 3,428,712 5,422,380

>( & " 8 " > *+ 31 > -# 2556 ' 2555 #*% > #F -( & & E,+ % ' & "(> > #F -( & & E,+ % *+% >( & '*+ " & ! &- ,+ % &"(> % & % & & & *+'" & & & #> "* (> "* / > # D 12.7 ' # D 15.3 # / ' & & J / > # D 3.0 ' # D 18.7 # /

Annual Report 2013

164

" &$ & " &$- " & / $ 3" $ x

E # &$- 31 # 2556 2555 & & & " & Q " 8 ' Â?>" $ & " 8 *+#* #( 3 , > *+ # ( ) & Q # ,+ F - * >#

1,747,942,993 (674,855,385) 1,073,087,608

2,203,273,437 (760,068,321) 1,443,205,116

(* # )% &"/ & -D # / ' & Q # ,+ F - #( &'" & ! " ' *8" & & ) 7.

Â&#x192; * # 7.1 D > *+ 31 > -# 2556 ' 2555 #* & Q "9 & & *8 &$- " & / $ 3" $ x

E # &$- 31 # 2556 E # &$- 31 # 2555 3

3 " 3 " / 3 " 3 " / 3 1 : 3 1 : & & & & & & & Q / 1,350,000,000 300,000,000 1,650,000,000 720,000,000 400,000,000 1,120,000,000 & Q *+ B EF 69,310,000 69,310,000 37,070,455 69,310,000 106,380,455 ( ) & Q # ,+ F - * (850,000,000) (300,000,000) (1,150,000,000) (720,000,000) (400,000,000) (1,120,000,000) ># 500,000,000 69,310,000 569,310,000 37,070,455 69,310,000 106,380,455

(* # )% &"/ & -D # / ' & Q # ,+ F - #( &'" & ! " ' *8" & & )

Annual Report 2013

165

7.2

D > *+ 31 > -# 2556 ' 2555 & Q "9 & % & / > & ! - & *8 &$- " & / $ 3" $ x

E # &$- 31 # 2556 2555 & & &", -8/ # &,+ %% &" <,8 /% % & < /

( F # % 36.2) -8/ >& & " $,+ & $*' & F ,#

,+ H >#

15,070,000 54,000,000 240,000 69,310,000

15,070,000 91,070,455 240,000 106,380,455

2 $% + # # #GL$

F *8"/ $* F *8 ( & ) ( ) F *8"/ $* # ,+ F - * >#

&$- " & / $ 3" $ x

E # &$- 31 # 2556 2555 & & 519,888,196 316,805,638 40,023,256 14,202,603 (116,971,103) (78,541,324) 442,940,349 252,466,917

(* # )% &"/ & -D # / ' F *8 "/ $* # ,+ F - #( &'" & ! " ' *8" & & )

Annual Report 2013

166

2 $% # & # ( #GG D % & &$- " & / $ 3" $ x

E # &$- 31 # 2556 2555 & & F *8 F *8<,8 > & "

& F ,# ,+ <,8 F *8 ,+ - F *8 *+ F( >( & / - * - F *8 / ' ,+ H ># F *8 ( ) -( E,+ *8"&" "F ( F # % 10) >#

888,615,382 597,706,948

1,417,938,038 1,271,641,012

396,739,119 912,648 1,883,974,097 (352,950,970) 1,531,023,127

402,529,185 457,113 3,092,565,348 (336,882,253) 2,755,683,095

F *8<,8 > & " % DG $ 8 ! F *8 #* &,+ % $/ & B 3 > / > *+ F - " +&<,8

D > *+ 31 > -# 2556 ' 2555 #* F *8 *+ & F / > # D 397.7 ' # D403.0 # / "/ & & *+'" & & & #> *"(> "* ' & & J <=+& 8&-( E,+ *8"&" "F "/ #F *8 *+ $ 8 "&" "F 8& / > ' > # )% &"/ & -D # / ' ,+ & â&#x20AC;&#x153; / $* *+ > F *8 - DB % & â&#x20AC;? *+ . 33/2543 &> *+ 25 " & -# 2543 <=+&' % +# # # &", *+ . 5/2544 &> *+ 15 #B 2544

Annual Report 2013

167

/ ' F *8 '

*8 - & # )% &"/ & -D # / '

,+ & â&#x20AC;&#x153; / $* *+ > F *8 - DB % & â&#x20AC;? <=+& * % & F *8 $ 8 " & *8 : & &$- " & / $ 3" $ x

E # &$- 31 # 2556 E # &$- 31 # 2555 2 $% 4 - 2 2 $% 2 $% 4 - 2 2 $% # & # ( $% # 2G # & # ( # & # ( $% # 2G # & # ( " $% # & " $% # & #F * 8 #F * 8 $ 8 +/ >( # L #F * 8 $ 8 "&" "F >#

10.

1,486.3 44.7 353.0 1,884.0

(353.0) (353.0)

1,486.3 44.7 1,531.0

2,689.6 66.1 336.9 3,092.6

(336.9) (336.9)

2,689.6 66.1 2,755.7

4 - $% # 2G &$- " & / $ 3" $ x

E # &$- 31 # 2556 & 336,882,253 16,068,717 352,950,970

( ) *8"&" "F ( )

Annual Report 2013

2555 & 400,560,201 (63,677,948) 336,882,253

168

11.

& & 11.1 - ' #F -( # &$- " & / $ 3" $ x

E # &$- 31 # 2556 E # &$- 31 # 2555

& / 2 /

& /#" + / /#" + /

/ #GL$

/ #GL$ & & & & & - : * ( ) -( E,+ #F -( ># & & ,+ - " / $%&$- + " * 1 : Â?>' & ( ) "(> (>& -( E,+ -( ># " *8 *+ - /

B 1 " & 4 - : (> & * > ( ) -( E,+ #F -( -( E,+ -( ( ) ># & & E,+ % " & &#- 3 (> & ( ) -( E,+ -( ># & & +> " >#

1,173,880 (880) 1,173,000

1,173,000 1,173,000

15,107,202 (79,802) 15,027,400

15,027,400 15,027,400

219,000,000 (3,604,336) (139,000,000)

76,395,664 -

139,000,000 (139,000,000)

76,395,664

1,000,000 46,420,754 (2,717,051) (5,713,322) 38,990,381

872,557 38,117,824 38,990,381

1,000,000 5,713,322 926,171 (5,713,322) 1,926,171

1,046,171 880,000 1,926,171

100,629,565 41,605,192 (21,344,042) 120,890,715 237,449,760

100,401,965 21,570,036 121,972,001 238,531,046

631,107 41,605,192 (21,191,486) 21,044,813 37,998,384

556,063 21,840,320 22,396,383 39,349,954

& & % & *8 #( ># *+ F - Q > ,+ > 9 "&- ! >' <,8

% ' F -

Annual Report 2013

169

11.2

& & " * 8 # -& , % &" &$- " & / $ 3" $ x

E # &$- 31 # 2556

* 1 : 1 - 5 : 5 :

& & & & " *8 *+ - /

76,395,664 76,395,664

D > *+ 31 > -# 2555 #* & & " *8 / > 139.0 <=+& 8&-( E,+ -( % & & & 8& / > ' > 11.3

/ (% ) *+ & #( %=8 > #F -( & & E,+ % *+ F &- ,+ % &"(> % & % & "(> % & % &

*+ ' & >( & - > #F -( - &"(> > #F -( & & E,+ % *+% *

&$- " & / $ 3" $ E # &$31 # 2556 2555 â&#x20AC;&#x153; # * â&#x20AC;? & & 3,712,491 18,978,796

E # &$31 # 2556 & 856,902

2555 â&#x20AC;&#x153; # * â&#x20AC;? & 19,542,219

(12,652,551)

9,125,125

(3,036,623)

5,706,113

(8,940,060)

(24,391,430) 3,712,491

(2,179,721)

(24,391,430) 856,902

(* & ( > - F ! / > #F -( & & & / % : " : ,+ ( "/ " 8 "

> *+ 31 > -# 2556 ' 2555 & & & ( > / (

' F ! / , % & & & / % : " : )

Annual Report 2013

170

11.4

/ & &

/ *+ & #( %=8 > #F -( & & ,+ - / % & & ,+ - / (% ) % & & E,+ % ># 11.5

*8 ' & O E

*8 & O E >#

11.6

&$- " & / $ 3" $ x

+ # : % " # &$- 31 # 2556 2555 & & 78,923 412,229 66,072,048 46,283,505 (525) 34,204,335 66,150,446 80,900,069

&$- " & / $ 3" $ + # : % " # &$- 31 # 2556 2555 & & 90,710,025 67,826,461 249,464 17,275,346 90,959,489 85,101,807

+ # : % " # &$- 31 # 2556 2555 & & 90,710,025 67,826,461 51,085,414 77,082,346 141,795,439 144,908,80 7

D > *+ 31 > -# 2556 ' 2555 #* & & *+#* O *+ > L & ' E / &

& *8

" #

&$- " & / $ 3" $ x

# &$- 31 # 2556 # &$- 31 # 2555

& / 2 4 -

/ /

" / /

" #GL$ #GL$ & & & & & & 21,116,442 21,116,442 21,116,442 21,116,442

Annual Report 2013

171

12.

& * ,#& & D > *+ 31 > -# 2556 ' 2555 #* & & (># & *8 L - ,#&

& : # ; <* /

(# $ ) ( ) -( E,+ -( >#

$ 3" $ E # &$31 # 2556 2555 â&#x20AC;&#x153; # * â&#x20AC;?

: & C 4 + # : % " # &$- 31 # 2556 2555

$ & E # &$31 # 2556 2555

340.2

314.2

532.6

50.8

59.8

340.2

314.2

(205.6) 327.0

50.8

59.8

* ' % #F & & " % & (># #* & *8 : & E # &$- 31 # 2556 2555 â&#x20AC;&#x153; # * â&#x20AC;? & :# ;<* / (# $ ) D : & ) *+ 8& : " "(> & & *+ 9, ( ) #F -( & & #> *"(> "* #F -( & & #> * - " * $/ " ># *8" >#

Annual Report 2013

24.9 340.2 327.0 120.0 1,638.6 286.1

24.9 314.2 327.0 120.0 1,462.6 208.4

172

: & + # : % " # &$- 31 # 2556 2555 â&#x20AC;&#x153; # * â&#x20AC;? 1,179.1 829.1 340.8 197.8 302.2 211.6

># / " / : " : >#

D > *+ 31 > -# 2554 & & (># & ( >% & / > 26 ' & / / )F Q ( ) ) / ,+ ! & F ,# "9 & >& & 120.0 #F -( % &

& ( > & #( +/ >( 2 ( % &>& & " $,+ *8 " * & $* & Q ,+ & O E % & & ( > >( - 30 % &>& & F ,# ! $/ *8 8& #

> ( # #,+ > *+ 20 #* -# 2555 9(9 & & (># & ( >% & *+ ' & / / > ,+ ! >& & F ,# "9 & / > 10 / -& , & & (># *+ / / ! / > 16 *+ % &' &,+ % ,+ #( *+ ' &

( & : # #,+ > *+ 20 # 9 2556 >& & " $,+ & ( >% & # 9( 9 *+ ! $/ *8 8& #

D > *+ 31 > -# 2555 #(#* $ >& & F ,# *8

Annual Report 2013

173

13.

&$-" E( & &$- " & / $ 3" $ x

" - 7% " / " E # &$( ) E # &$31 # 31 # 2555 2556 & & & & &

& *+

- "(> & - / - *+ $( - ,+ & ' (&' D "/ & "(> & - >( & ( " & ># -

30,293,000 19,572,300 253,829,655 387,760,357 49,518,697 1,720,560 742,694,569

5,009,890 23,150,392 23,704,293 51,864,575

(13,869,749) (14,255,814) (6,806,834) (34,932,397)

24,528,145 (24,528,145) -

30,293,000 19,572,300 269,497,941 396,654,935 42,711,863 896,708 759,626,747

- "(> & - / - *+ $( - ,+ & ' (&' D "/ & >#-( ",+ # - " "# -( E,+ -( >#

(15,501,327) (152,079,559) (325,203,031) (44,574,700) (537,358,617) (1,992,803) 203,343,149

(660,372) (30,201,380) (30,389,283) (2,073,966) (63,325,001) -

9,324,798 14,128,765 6,175,808 29,629,371 42,850

(16,161,699) (172,956,141) (341,463,549) (40,472,858) (571,054,247) (1,949,953) 186,622,547

Annual Report 2013

174

&$- " & / $ 3" $ x

" - 7% " / # " E # &$( ) E # &$31 # 31 # 2554 2555 & & & & & &

& *+

- "(> & - / - *+ $( - ,+ & ' (&' D "/ & "(> & - >( & ( " & ># -

30,293,000 19,572,300 200,115,275 379,017,006 49,518,697 17,505,200 696,021,478

1,034,332 37,363,890 46,291,767 84,689,989

- "(> & - / - *+ $( - ,+ & ' (&' D "/ & >#-( ",+ # - " "# -( E,+ -( >#

(14,519,658) (132,116,716) (311,717,250) (40,047,167) (498,400,791) (9,107,189) 188,513,498

(981,669) (25,242,850) (36,674,216) (4,527,533) (67,426,268) -

- + # : % " # &$- 31 # 2556 2555

(7,724,405) 60,404,453 (30,440,223) 1,671,954 (62,076,407) (38,164,628) -

5,280,007 23,188,435 28,468,442 7,114,386

147,730 147,730

30,293,000 19,572,300 253,829,655 387,760,357 49,518,697 1,720,560 742,694,569

(15,501,327) (152,079,559) (325,203,031) (44,574,700) (537,358,617) (1,992,803) 203,343,149

63,325,001

67,426,268

D > *+ 31 > -# 2556 ' 2555 #* - ' D / > =+&<=+& -( ",+ # - # ' > ' ( & $ & F( - ( -( ",+ # - " "#% & - ' D & ( >#* / > ># # D 356.0 ' # D 345.0 # / D > *+ 31 > -# 2556 ' 2555 #*" $( & "< +& )' (& =+& D > *+ 31 > -# 2556 ' 2555 #F -( # $*% & *+ $( #* / > ># # D 2.2 ' # D 3.0 # /

Annual Report 2013

175

14.

& # (3 $/# / & &$- " & / $ 3" $ x

/#" " - 7% " / /#" 4 - + E # &$( ) + " 31 # 2555 & & & & & & -( # * # $ " <, 8 % (>& " ' #- # > " -( "# $ " <, 8 % (>& ' #- # > >( & 8& >#

0 - 2 -

76,869 68,064,929 2,657,500 15,945,000 1,657,908 88,402,206

2,838,630 5,603,997 8,442,627

982,725 (982,725) -

(76,865) (192,518) (269,383)

" E # &$31 # 2556 &

4 71,693,766 2,657,500 15,945,000 6,279,180 96,575,450

&$- " & / $ 3" $ x

" - 7% " / # /#" 4 - " /#" E # &$( ) + " E # &$ + 31 # 31 # 2554 2555 & & & & & & & & -( # * # $ " <, 8 % (>& " ' #- # > " -( "# $ " <, 8 % (>& ' #- # > >( & 8&

0 - 1 183,430 0 - 3 63,272,657 -

2,657,500 15,945,000 1,303,671 83,362,258

1,597,57 0 3,889,51 0 5,487,08 0

/#" + + # : % " # &$- 31 # 2556 2555

3,387,543

(3,387,543) (147,730)

(147,730)

(106,561) (192,841)

76,869 68,064,929

2,657,500 15,945,000 1,657,908

(299,402)

88,402,206

269,383

299,402

D > *+ 31 > -# 2556 ' 2555 #*" #(#* > / > =+& <=+& / ( # ' >' ( & $ & F( - ( -( / ( " "#% &" #(#* > & ( >#* / > ># # D 10.5

Annual Report 2013

176

15.

& # ( ,$ 3" /#" #GL$ " B * & $* D > *+ 31 > -# 2556 ' 2555 #* *

& *8 &$- " & / $ 3" $ E # &$31 # 2556 2555 & & " B * & $*

E # &$31 # 2556 &

2555 &

143,055,030

141,456,906

145,690,285

138,897,675

143,055,030

141,456,906

145,690,285

138,897,675

- ,+ >% &" B * & $* *+ %=8 >( & #* & *8 &$- " & / $ 3" $ "/ : &$- # 2 * &$- # 2 * " : 1 + 3 + 3 " - 31 # 2556 "& 2556 & & & & E ' ( &$ +>- > -( E,+ *8"&" "F -( E,+ -( % & & & (># -( E,+ -( % & & & " B " $( & B EF E $ % & & "(> > #F -( & &

,+ H >#

62,702,132 43,677,228 27,800,000 475,807 6,459,672 5,775 336,292 141,456,906

Annual Report 2013

3,120,261 (5,194,486) (237,862) 2,913,300 237,755 838,968

759,156 759,156

65,822,393 38,482,742 27,800,000 237,945 9,372,972 764,931 574,047 143,055,030

177

&$- " & / $ 3" $ "/ : &$- # 2 * &$- # 2 * " : 1 + 3 + 3 ( "& ) 31 # "& 2555 " - 2555 & & & & E ' ( &$ +>- > -( E,+ *8"&" "F -( E,+ -( % & & & (># -( E,+ -( % & & & " B " $( & B EF E $ % & & "(> > #F -( & & % " "# &B *

,+ H >#

77,284,951 42,558,335 27,800,000 932,732 9,377,379 (5,580,233) 37,125,642 167,944 189,666,750

(14,582,819) 1,118,893 (456,925) (1,444,561) (37,125,642) 168,348 (52,322,706)

(1,473,146) 5,586,008 4,112,862

62,702,132 43,677,228 27,800,000 475,807 6,459,672 5,775 336,292 141,456,906

"/ : &$- # 2 * &$- # 2 * " : 1 + 3 "& + 3 " - 31 # 2556 2556 & & & & E ' ( &$ +>- > -( E,+ *8"&" "F -( E,+ -( % & & & (># -( E,+ -( % & & & " B " $( & B EF E $ % & & "(> > #F -( & &

,+ H >#

62,702,132 41,117,997 27,800,000 475,807 6,459,672 5,775 336,292 138,897,675

Annual Report 2013

3,120,261 (237,862) 2,913,300 237,755 6,033,454

759,156 759,156

65,822,393 41,117,997 27,800,000 237,945 9,372,972 764,931 574,047 145,690,285

178

"/ : 1 2555 & E ' ( &$ +>- > -( E,+ *8"&" "F -( E,+ -( % & & & (># -( E,+ -( % & & & " B " $( & B EF E $ % & & "(> > #F -( & & % " "# &B *

,+ H >#

77,284,951 41,117,997 27,800,000 932,732 9,377,379 (5,580,233) 37,125,642 167,944 188,226,412

&$- # 2 * &$- # 2 * " : + 3 + 3 ( "& ) 31 # "& " - 2555 & & & (14,582,819) (456,925) (1,444,561) (37,125,642) 168,348 (53,441,599)

(1,473,146) 5,586,008 4,112,862

62,702,132 41,117,997 27,800,000 475,807 6,459,672 5,775 336,292 138,897,675

$ B * 20 -/ >DB * & $*"/ " 8 " > *+ 31 > -# 2556 ' 2555

Annual Report 2013

179

16.

& # ( - &

B * & 9 F D *+ ( -( $ ( ( (>& & ' -> # "* $/ - ' "(&# F *8 & & ( ' & F ,#' ( & " $( "

" & # ,+ & " & # / - &

,+ H >#

&$- " & / $ 3" $ x

E # &$- 31 # 2556 2555 & & 1,293,644 1,573,463 6,616,664 8,287,939 41,047,484 36,035,231 8,533,060 12,509,769 1,452,499 1,905,241 24,066,779 24,066,779 26,638,047 26,286,618 16,457,553 9,080,918 1,782,192 1,554,110 127,887,922 121,300,068

D > *+ 31 > -# 2556 ' 2555 " & # ,+ & " & ( >% & / & > ! >& & " $,+ "9 & )' (& =+& 17.

$% / # ( D > *+ 31 > -# 2556 ' 2555 *8" " > &$- " & / $ 3" $ x

E # &$- 31 # 2556 E # &$- 31 # 2555 2 /

+ / #GG 2 /

+ / #GG & & & & / # ( - "/ - '" &"

57,273

Annual Report 2013

247,379

456,765

3,349,610

180

18.

/ $%&$- 2 - D > *+ 31 > -# 2555 " *8 *+

' & F ,# ,+ >

" *8 " 8 19.

&$- " & / $ 3" $ x

E # &$- 31 # 2555

$%&$- + "L+ #/ " $% 1 : 1 - 5 : 5 :

& & & & 4.85 - 5.50 338,911,299 338,911,299

$% / #GG L D > *+ 31 > -# 2556 ' 2555 / " $( B " $( & > #* / > & % 8 +/ *+ & ( "/ " $( & & *8

#( 1 >( 1 ' ( #( 5 ( )

*8 $* >#

&$- " & / $ 3" $ x

+ #% /-+ &$-/ 2 C # + #% /-+ &$-/ E # &$- 31 # E # &$- 31 # 2556 2555 2556 2555 & & & & 481,848 2,180,166 317,741 1,993,668 3,218,340 3,700,188 3,110,971 3,428,712 3,700,188 5,880,354 3,428,712 5,422,380 (271,476) (457,974) 3,428,712 5,422,380 3,428,712 5,422,380

Annual Report 2013

181

20.

42 # 4 L ( # #* - & E $ % & & &

& # $ - #- &' && <=+& ! - & E $ *+ / > *+ #( #* & / > *+ = & / % : " : "/ E $ % & & &

& #* & *8 &$- " & / $ 3" $ x

+ # : % " # &$- 31 # 2556 & 11,032,262 1,433,140 12,465,402

*8 >#

2555 & 11,831,631 1,473,192 13,304,823

*+ ' & #F -( O % &B EF #E $ % & & &

& #* & *8

# % &B EF E $ % & & O

*8 E / # D # -D ) " B "/ - & E $ % & & &

& ( ) E $ % & & ( >( &

Annual Report 2013

&$- " & / $ 3" $ x

+ # : % " # &$- 31 # 2556 2555 & & 39,664,089 45,170,124 11,032,262 11,831,631 1,433,140 1,473,192 (5,264,630) 46,864,861

(7,365,728) (11,445,130) 39,664,089

182

% "## L # D # -D ) " B *+ $ -/ >DB EF B - & E $ % & & &

& *+ / > D > *+ 31 > -# 2556 ' 2555 #* & ( *8 &$- " & / $ 3" $ x

E # &$- 31 # 2556 2555 ( / :) ( / :) % "## L & &

# >* % & &

+#%=8 % & & , *+- >

21.

3.6 0 â&#x20AC;&#x201C; 22.0 %=8 F( $(>& % & & 0 â&#x20AC;&#x201C; 4.0

$% -

"- & ( -( ' *+ - & ( "(> ' (& / " % / *# - & ( B * & D *+ ( ' B * J - & ( *8B *#F -( +# *8 ,+ B * & -- - & ( -( $ ( - & ( ,+

*8 - & ( >#

Annual Report 2013

&$- " & / $ 3" $ x

E # &$- 31 # 2556 2555 & & 50,993,350 41,297,213 2,729,837 15,228,967 29,951,252 32,562,229 8,831,718 14,016,904 3,935,444 9,009,854 16,229,712 15,613,611 12,913,057 52,684,436 53,719,559 815,068 165,355,749 195,176,462

183

22.

& #,+ > *+ 19 # -# 2553 " " # +# ' "/ - '" &" *+ <,8 " # % & ( *+ 5 ' (EF 9, # % & *+ &<,8 " # +# / > 464,393,602 - 1.30 ' 464,393,602 (> #(- #F -(

"(> 1 " # #( ( 1 (> "/ - '" &" # / & " " # +# - 8& *8 ! / > & ># 603,711,683 8& *8 "/ - '" &" 1 (> " # 9 $ " <,8 " # 1 - 1.50 "/ - '" &" 3 > *+

' " % "/ - '" &" 8& *8 ! # &,+ % $ " # "/ - '" & " EF 9, "/ - '" &" " # 9 $ " <,8 " # % & B & / > 6 , ' ( > *+

"/ - '" &" >( - % & "/ - '" &" ' / " # 9 $ " H 3 , > / " % & , #* -# # 9 ' > -#% &' (

% & "/ - '" &" / $ " - 8&' -, > *+ 30 2553 ' > / $ " - 8&" -, > *+ 18 # -# 2556 <=+& ! > *+ "/ - '" &" #* - / 3 ' (> *+

"/ - '" &" #,+ > *+ 25 # -# 2553 * +# *+

' * $/ ' > / > 464,393,602 # I - >& D $ ( # ' (& ) " # +# ' "/ - '" &" *+ <,8 " # % & ( *+ 5 ! * 8&' (> *+ 3 #B 2553 #,+ > *+ 8 # 2554 *+ $ #" # EF 9, / 2554 #*# # ( & O E ' (EF 9, *+ >( *+ / % / " % & "/ - '" &" *+ <,8 " # % & ( *+ 5 =& $ " ' - $ " #( # &,+ % " ! "/ - '" &" 1 (> " # 9 $ " <,8 " # 1.0625 - 1.412 #*E &- 8&' (> *+ 18 # 2554 ! #,+ > *+ 18 # -# 2556 "/ - '" &" *+ <,8 " # % & ( *+ 5 / > 464,393,602 (> 9=& / $ " - 8&" <,8 " # % & #*EF # % $ " / > 44,738 (> ' & ! " # / > 47,529 -

! 1.412 ! / > & 67,110.95 8 & *8#*E / #* *+

' * $/ ' > + #%=8 2,330,759,812 ! 2,330,807,341 / " # +# & ( > * *+ ' & *+

' * $/ ' > ( >& D $ #,+ > *+ 25 # -# 2556 ( # ' (& ) " # +# & ( > ! * 8&' (> *+ 30 # -# 2556 #,+ > *+ 22 # 2556 *+ $ #" # EF 9, / 2556 #*# # * % & > * *+ / ( #( # / > 818,741,975 ' #,+ > *+ 3 f B -# 2556 * * % & # I - >& D $ / * % & ! / > 2,330,807,341 #F -( *+ > 1.00 ! / > & ># 2,330,807,341 *8 *+ $ #" # EF 9, / 2556 #*# +# * % & # 2,330,807,341 ! 3,189,785,935

" # #( / > 858,978,594 #F -( *+ > 1.00 ,+ & ( & O E ! / > 258,978,594 ' $ " % &EF 9, "/ - '" &" *+ <,8 " # % & # - & ESOP - 8 & *+ 2 / > 600,000,000 ' #,+ > *+ 7 f B -# 2556 * +# * # I - >& D $ / * % & ! / > 3,189,785,935 #F -( *+ > 1.00 ! / > & ># 3,189,785,935

* 8& *+ $ #" # EF 9, / 2556 #*# # " " # +# / > 858,978,594 #F -( *+ > 1.00 # 2,330,807,341 ! 3,189,785,935 " " # #( / > 258,978,594 #F

Annual Report 2013

184

-( *+ > 1.00 ,+ & ( O E ! ' " " # #( / > 600,000,000 #F -( *+ > 1.00 ,+ & $ " % &EF 9, "/ - '" &" *+ <,8 % & # - & ESOP - 8& *+ 2 #,+ > *+ 20 f B -# 2556 ( O E ! " # ' (EF 9, % & 9 # ( 1 #( ># ! O E 8&" 8 258,936,143 ' #,+ > *+ 21 f B -# 2556 * + # *+

' * $/ ' > / > 258,936,143 # I - >& D $ ( # ' (& ) " # +# ! * 8&' (> *+ 23 f B -# 2556 D > *+ 31 > -# 2556 ' 2555 -/ >D " # 9 > J * + 9(>& 8/ & *8

" # *+

D > *+ 1 # -# E *+ +#%=8 >( & #G/ $ # x $- %+ # + # : % " # &$- 31 #

&$- " & / $ 3" $ x

+ # : % " # &$- 31 # 2556 2555 2,330,759,812 2,330,759,812 160,373,290 2,491,133,102

2,330,759,812

23.

2 # ' ( & $ # $ / .). 2535 # 51 D* *+ " % "F& >( #F -( *+ * > & / -( "(> *8 8& ! "/ & (â&#x20AC;&#x153;"(> #F -( â&#x20AC;?) "(> #F -( *8 / ( ! & O E #(

24.

* + #G " & &$- D % #G/ #"

# #,+ > *+ 28 > -# 2552

' " % "/ - '" &" *+ <,8 " # % & B $,+ EF 9, ' *+ #, #( / > 350,000,000 (> #(- #F -( ' ( # EF & ' / , *+ = % & # - & " ' ( # ' & (â&#x20AC;&#x153;ESOPâ&#x20AC;?) - 8& *+ 1 ## $ #> " # EF 9, - 8& *+ 2/2552 ' > "/ - '" &" 1 (> " # 9 $ " <,8 " # 1 - 1.50 EF 9, "/ - '" &" " # 9 $ " <,8 " # % & B & / > 6 , > *+

"/ - '" &" $ " , D > / " % &' ( ,

% & "/ - '" &" & *8 B *+ 1 " # 9 $ " <,8 " # % & #( 33 % & "/ - '" &" 8& # *+EF 9, "/ - '" & " ' ( - " ' " # 9 $ " - % & "/ - '" &"

Annual Report 2013

185

B *+ 2 " # 9 $ " <,8 " # % & #( 67 % & "/ - '" &" 8& # *+EF 9, "/ - '" &" ' ( - " ' " # 9 $ " - % & "/ - '" &" B *+ 3 " # 9 $ " # / > 8& # *+EF 9, "/ - '" &" ' ( - " 8& *8 > *+ " # 9 $ " - 8 &' (“> / $ " - 8&' ”) -, > *+ 30 # 9 2553 ' > " % & $ " (“> / $ " - 8&" ”) -, > *+ 27 > -# 2555 *8 "/ - '" &" *+

*8 #( % *

' (& ) ' ( / " # $ " % &EF 9, "/ - '" &" % ! * ' (& ) D > *+ 27 > -# 2555 <=+& ! > " % & $ " 8 #(#*EF # $ " <,8 " # #,+ > *+ 8 # 2554 *+ $ #" # EF 9, / 2554 #*# # ( & O E ' (EF 9, *+ >(

*+ / % / " % & "/ - '" &" *+ <,8 " # # - & " ' ( # ' & (“ESOP”) - 8& *+ 1 =& $ " ' - $ " #( # &,+ % " ! "/ - '" &" 1 (> " # 9 $ " <,8 " # 1.0625 - 1.412 #*E &- 8&' (> *+ 18 # 2554 ! #,+ > *+ 22 # 2556 *+ $ #" # EF 9, / 2556 #*# #

' " % "/ - '" &" *+ <,8 " # % & ' ( # EF & ' / , *+ = % & # - & ESOP - 8& *+ 2 / > #( 600,000,000 (> #(- #F -( % & "/ - '" &" #( 3 > *+

' " % "/ - '" &" &8 *8 "/ - '" &" 1 (> " # 9 $ " <,8 " # 1 - 1.30 ,+ & # L & & & J *+ 2 ,+ & “ ( $ ! DG ” #*E &- $ "/ > $* *+ +# , &> *+ 1 # -# 2554 "/ M $(>& *+ ' & *8 #( & M ## L & & & J *8"/ "/ - '" &" *+ <,8 " # <=+& # *+ $ #" # EF 9, ( > *+ 1 # -# 2554 ' ( &-& & K E % #F # *+ / # L & & & & ( > 25.

#" & > 9 "&- "(> % & ! ,+ / & > <=+&-> #" # 9 / & ( & ( ,+ & ,+ " & E ' ( EF 9, ,+ ! $ ( EF #*"(> "* ,+ ' ,+

/ & > <=+& - &" &% & *+ # "#

26.

C 4 #,+ > *+ 5 # 2555 *+ $ #" # EF 9, / 2555 #*# # " / " "# ,+ ( & O E / 2554 ' (EF 9, " # 0.088 ># ! & 8&" 8 205.1 & O E & ( > ( ' >> *+ 27 # 2555 #,+ > *+ 22 # 2556 *+ $ #" # EF 9, / 2556 #*# # " / " ! "/ & # q # / > 39,853,695 ' ( O E ! ' & "

& *8 - ( O E ! " # ' (EF 9, % & 9 # ( 1 #( ># ! O E 8&" 8 258,978,594 #F -( *+ > 1.00 - ! & / > 258,978,594 , - ! ( O E ( 0.111 ( D* *+#* ) ( & O E ! & " ' 0.111 ' - ( O E ! & " ' (EF 9, % & 0.012 - ! & / > 28,775,399 ,+ & B * D *+ ( # *+ q # /

Annual Report 2013

186

#,+ > *+ 20 f B -# 2556 ( & O E ' (EF 9, % & ! ' & "

& *8 - ( O E ! " # ># 8&" 8 258,936,143 - ( O E ! & " - ! & / > 28,745,686 27.

28.

& + / Â&#x20AC; # $ # $ / .). 2535 # 116 & " & "/ & ( & 5 % & / " / & % " "# # (9 #*) >( "/ & & ( >#* / > ( 10 % & * "/ & # q # & ( > #(" # 9 / ( ! & O E

-( <,8 % -( <,8 % " <,8 % (>& ># 29.

&$- " & / $ 3" $ x

+ # : % " # &$- 31 # 2556 2555 & & 1,617,009,051 1,187,306,837 78,671,035 82,370,634 1,695,680,086 1,269,677,471

&$- " & / $ 3" $ x

+ # : % " # &$- 31 # 2556 2555 & & 22,813,000 13,400,046 8,790,000 3,000,000 912,517 1,245,545 7,073,291 1,130,802 39,588,808 18,776,393

/ ( *+ = & *+ = &

,+ H >#

Annual Report 2013

187

30.

3" - &$- " & / $ 3" $ x

+ # : % " # &$- 31 # 2556 2555 & & 1,596,470 36,250 1,086,486 328,992 11,024,948 14,743,501 13,707,904 15,108,743

/ % " -( E $/

,+ H ># 31.

/ & &$- * 42 + #G = -( $ ( *+ > & , -( ' E $ ,+ *+ ! > & ' E $ &

& *+ ( ' (EF % & # # )% &"/ & -D # / '

' ( EF , EF / & / ' (& "*+ ' ( EF &# ' EF <=+& / & / ' (& * ( EF / & / ' (& *+"*+ & *8 &$- " & / $ 3" $ x

+ # : % " # &$- 31 # 2556 2555 & & 158,443,963 156,837,160 1,948,287 2,437,158 160,392,250 159,274,318

E $ " 8 E $ &

& >#

Annual Report 2013

188

32.

/ &

-( ' # *8 ! E $ *+ ( ' ( # % & ## 90 % & $ # $ / #( ># & , ' E $ *+ *+ >% & *+ ( # <=+& / & / ' (& ! EF % & > 8& *8 -( ' # # *+ $ #" # EF 9,

33.

*L -

-( B * -( # * #> $ $* ' -( # * # ,+ -( & -( 8/ # 9' -( & -( $ ( " " )' ",+ " -( - ,+ & %* ' # ' > " "/ & -( Â&#x161; D ' "(& " # %

,+ H ># 34.

&$- " & / $ 3" $ x

+ # : % " # &$- 31 # 2556 2555 & & 5,207,999 4,476,708 26,292,891 21,339,051 24,033,413 19,112,854 14,186,304 12,790,609 37,305,654 35,883,038 5,828,561 5,437,308 6,462,680 9,123,846 25,438,619 24,534,517 144,756,121 132,697,931

& + $% L$ #,+ > *+ 1 f) 2545 8& & "/ & *8 &$* "/ & % & *+"# - ! "# $ % & & & , % & & "( > =+ & ' ( "# * "( > =+ & O & :# ;<* / (# $ ) <=+& ! EF & # $ & "/ & *8 &$* .). 2530 "/ " 8 " > *+ 31 > -# 2556 ' 2555 ( & "# % & ! / > # D 14.4 ' # D 13.3 # /

Annual Report 2013

189

35.

,$ 3"

,+ B * *+' &

/ ( B * & / > B * # B * & E &B *% & ' -( $ ( *+ #(9, ! , -( $ ( &B * B * & #& / % : " :

&$- " & / $ 3" $ + # : % " # &$- 31 # 2556 2555 â&#x20AC;&#x153; # * â&#x20AC;? #/ ,$ #/ ,$ # & ( ) # & ( ) 419,718 20 327,715 23 83,944 75,374

(9,039) 74,905

(8,047) 67,327

+ # : % " # &$- 31 # 2556 2555 â&#x20AC;&#x153; # * â&#x20AC;? #/ ,$ #/ ,$ # & ( ) # & ( ) 384,130 20 336,729 23 76,826 77,448

(7,116) 69,710

(9,003) 68,445

$ f q* J *+ 555 .). 2555

#-> # #> q >( >

q <=+&#*E &- $ 8&' ( > *+ 27 > -# 2555

B * & -- 30 ! 23 % & / " "/ > $* *+ +# , &> *+ 1 # -# 2555 ' ( #( > *+ 31 > -# 2555 ' ! 20 % & / " "/ > $* *+ +# , &> *+ 1 # -# 2556 ' ( #( > *+ 31 > -# 2557

& 8 =& $ B * 20 ' 23 -/ >D-( $ ( B * & -- "/ " 8 " > *+ 31 > -# 2556 ' 2555 # / B * & *+ *+ >% & &- % & / (% ) : " : ,+ : & &$- " & / $ 3" $ + # : % " # &$- 31 # 2556 2555 + + 4 L ( + & 4 L (

,$ ( *L ) ( *L ) ,$ ,$

,$ "(> + / >( > #F -( & &

15,815,602 15,815,602

(3,163,051) (3,163,051)

Annual Report 2013

12,652,551 12,652,551

19,970,105 19,970,105

(4,703,800) (4,703,800)

+ & ,$

15,266,305 15,266,305

190

: & x

+ # : % " # &$- 31 # 2556 +

"(> + / >( > #F -( & &

3,795,778 3,795,778

2555

4 L (

+ &

( *L ) ,$

(759,155) (759,155)

3,036,623 3,036,623

24,271,325 24,271,325

4 L (

+ &

( *L ) ,$

(5,586,008) (5,586,008)

18,685,317 18,685,317

36. 42 # $% &$- " 7% * 36.1 D > *+ 31 > -# 2556 ' 2555 #*B EF " $( / & "/ - "/ & ' & *8

: & &$- " & / $ 3" $ x

E # &$- 31 # 2556 2555 70.2 69.5 56.6 102.4 126.8 171.9

#( 1 >( 1 ' ( #( 5 ># 36.2

#,+ > *+ 20 > -# 2556 / " - )' (& =+&

&", -8/ / > # D 15.1 # &,+ %% &" <,8 /% % & < / &", -8/ & ( > ! -8/ *+ > *8" *+ %=8 % & & ( > " - *-> #% &) #* & Q >-8/ ( F # % 7.2)

36.3

D > *+ 31 > -# 2556 ' 2555 #*B EF *+ & ( -( ' ' ( & #" *+ / " ' > ! / > 0.3 ' / > 25.8 # /

Annual Report 2013

191

37.

# ,&# &$- $- # -- ' *+ *+ >% & ' ( -- , ( &H *+#*-> # *+ >% & ( &H (# #*EF 9, (># ,

#* # (># $* >( & -- , *+ *+ >% & $ - ' &,+ % / - >( & &,+ % & / - "/ ' ( & ( *8 + " - <=+& ! * > *+- F - +> - *+ & <=+& # D # -

-( -( # * #' -( $ (

-& , *+#*" "/ - -- ' *+ *+ >% & D > *+ 31 > -# 2556 ' 2555 #* & *8 # ,E # # ( &$- " & / $ 3" $ x

E # &$- 31 # 2556 2555 & & Â&#x192; * ,#& - 2 -- *+ *+ >% & 4,747,247 275,942 -- *+ *+ >% & - *+ . * > # / (# $ ) *+ *+ >% & 26,622 26,192 ># 4,773,869 302,134 2 $% # & # ( & -- *+ *+ >% &

-- *+ *+ >% &

& & & ># *+ (># - *+ . * > # / (# $ ) >#

(># 100,401,965 *+ *+ >% & 76,395,664 176,797,629

Annual Report 2013

3,163,658

556,063 556,063

192

# ,E # # ( &$- " & / $ 3" $ x

E # &$- 31 # 2556 2555 & &

3" # - *+ . * > # / (# $ ) / $%&$- 2 - & :# ;<* / (# $ ) & ># *+ (># ># *L < & "* N /

*+ *+ >% &

428,000

(># (>#

49,864,700 179,478,742 229,343,442

*+ *+ >% &

Annual Report 2013

48,150

224,700

193

$* *+#*" "/ - >( & - - ' *+ *+ >% & "/ " 8 " > *+ 31 > -# 2556 ' 2555 #* & *8 # ,E # # (

D % # & # ( -- *+ *+ >% & & ># * + (># - *+ . * > # / (# $ ) >#

&$- " & / $ 3" $ + # : % " # &$- 31 # 2556 2555 & &

+ # : % " # &$- 31 # 2556 2555 & &

-- *+ *+ >% & (># *+ * + >% &

4,697,493 70,976,457 75,673,950

2,679,351 45,943,727 56,554 48,679,632

4,697,493 70,976,457 75,673,950

2,679,351 45,943,727 56,554 48,679,632

-- *+ *+ >% &

18,530

148,600

18,530

148,600

! /# & D % & & :# ;<* / (# $ )

(>#

343,334

308,603

343,334

308,603

-- *+ *+ >% & & :# ;<* / (# $ ) - *+ . * > # / (# $ )

-- *+ *+ >% & (># -- *+ *+ >% &

284,917 -

300,000 241,035 400,000

284,917 -

300,000 241,035 400,000

284,917

941,035

284,917

941,035

13,409,000 13,409,000

50,835,950 50,835,950

59,807,000 13,409,000 73,216,000

D % #GG D % -- * + *+ >% &

># C 4 # & :# ;<* / (# $ ) & ># * + (># ># " $% # -- *+ *+ >% &

(># (>#

-- *+ *+ >% &

817,232

-- *+ *+ >% & *+ * + >% &

162,424 434 162,858

9,528 57,931 67,459

162,424 434 162,858

9,528 57,931 67,459

*L $- # &$- E( * * * : " /

*+ * + >% &

1,210,337

1,125,895

1,210,337

1,125,895

*L - - Â&#x152;,E < & "* N /

*+ * + >% &

1,043,250

781,100

1,043,250

781,100

# -- *+ *+ >% & (>#

44,229,385 18,149,880 8,632,312 71,011,577

29,700,241 19,221,401 3,304,171 52,225,813

44,229,385 18,149,880 8,632,312 71,011,577

29,700,241 19,221,401 3,304,171 52,225,813

/ & & -- *+ *+ >% & - *+ . * > # / (# $ ) >#

C 4 -- *+ *+ >% & -- *+ *+ >% & & ># * + (># >#

Annual Report 2013

194

38.

2 "+ K E % #F "(> & / & ## L & & & J *+ 8 ,+ & "(> & / & # DG *+ " ' (EF #*

/ " "F&"

/ & % & ,+ $ " "(> & ' # E M & % & "(> & & ( > / 3 "(> & -, "(> & <,8 % ' " <,8 % (>& "(> & > $ "(> & - ' " <,8 % (>& ' / "(> & &BF# ) " ) % #F "(> & / & % & "/ " 8 " > *+ 31 > -# 2556 ' 2555 #* & ( *8 : # & &$- " & / $ 3" $ + # : % " # &$- 31 # # & # ( D % # & # ( #GG D % #GG D % L - _ 2556 2555 2556 2555 2556 2555 2556 2555

2556

2555

1,695,680 9,779 / & & ' " 1,267 "(> ' (& / & & #> *"(> "*

*8 ' & O E

*8 & F #, ,+ <,8 56,605 ,+ ># 1,763,331 -( # * #'

1,269,677 8,529 29,810 9,659 74,111 1,361,976 29,810

10,247 10,247

-( $ ( / ( B * & B * & / " "/

Annual Report 2013

84,607 249 84,856

92,051 17,275 109,326

86,424 90,710 13,708 190,842

1,695,680 1,269,677 39,589 18,776 85,874 101,710 50,794 86,424 50,794 67,827 90,959 85,102 56,605 74,111 15,109 13,708 15,109 133,730 2,068,839 1,615,279 (1,649,121) (1,287,564) 419,718 327,715 (74,905) (67,326) 344,813 260,389

195

: # & x

+ # : % " # &$- 31 # # & # ( D % # & # ( #GG D % #GG D % L - _ 2556 2555 2556 2555 2556 2555 2556 2555

2556

2555

-( -( # * #' / & & ' "

*8 ' & O E

*8 & F #, ,+ <,8 ,+ >#

1,695,680 1,269,677 9,779 8,529 29,810 1,267 9,659 56,605 74,111 1,763,331 1,361,976 29,810

10,247 10,247

84,607 249 84,856

92,051 17,275 109,326

141,546 13,708 155,254

-( $ ( / ( B * & B * & / " "/

1,695,680 1,269,677 39,589 18,776 85,874 101,710 127,634 141,795 144,909 56,605 74,111 15,109 13,708 15,109 142,743 2,033,251 1,624,292 (1,649,121) (1,287,564) 384,130 336,728 (69,710) (68,445) 314,420 268,283

" / ' #"(> / & : &

& # (/ "+ D > *+ 31 > -# 2556 D > *+ 31 > -# 2555

D % # & # ( #GG D %

2,142,902,339 3,186,035,239

2,366,083 2,520,653

# & # ( #GG D %

205,514,398 71,736,273

Annual Report 2013

2,350,782,820 3,260,292,165

& # (&$3 3" C

2,397,322,532 4,748,105,352 2,204,125,265 5,464,417,430

196

39.

$- 39.1 -> # "*+ & " $,+

-> # "*+ & " $,+ -, -> # "*+ & *+ -> # "* ", ,+ &# *+ -F(" % & #( " # 9 M #B EF *+ > - ,+ &#, & & " & & % & #( #*-> # "*+ & *+ > ># ' #F -( "F&" % &-> # "*+ &-, #F -( # $*% & - ,+ &#, & & > "/ & E,+ % # *+ '" & > & '" &L & 39.2 -> # "*+ &

*8 -> # "*+ &

*8 -, -> # "*+ & *+ #F -( % & - ,+ &#, & & *+ ' & ,+ & *+ ' &

*8 <=+&#*E ( E / & ' '" & " % & : & &$- " & / $ 3" $ E # &$- 31 # 2556 " - & &

+ " #GG + " #/ * #/ " $% # 7% 1 - 5 : 2 $% 3 $

#/ " $% ( ) / #/ / " 1 : 5 : " E " $% #/ /# #/ &$ & # (& & " ' * ( & "

& Q "9 & F *8"/ $* F *8 " & & " & & (>#" $% & *8"/ $* *8 *8" " *8" #" $( &

955.7 597.7 -

569.3 76.4 -

0.3

3.1

Annual Report 2013

117.4 1,073.1 0.13 - 2.35 569.3 1.90 - 2.40 442.9 442.9 933.3 1,531.0 5.75 - 18.00 161.0 237.4 7.00 340.2 340.2 -

25.1 25.1 1,129.7 1,129.7 0.1 0.1 3.4

7.33

197

: & &$- " & / $ 3" $ E # &$- 31 # 2555 " - & &

+ " #GG + " #/ * #/ " $% # 7% 1 - 5 : 2 $% 3 $

#/ " $% ( ) / #/ / " 1 : 5 : " E " $% #/ /# #/ &$ & # (& & " ' * ( & "

& Q "9 & F *8"/ $* F *8 " & & " & & (>#"

1,296.1 1,271.6 -

106.4 -

147.1 1,443.2 0.13 - 2.50 106.4 1.95 - 2.80 252.5 252.5 1,484.1 2,755.7 5.75 - 18.00 38.0 38.0 314.2 314.2 -

$% & *8"/ $* *8 *8" " " *8 *+

' & F ,# ,+ *8" #" $( &

338.9 0.3

3.4

186.5 186.5 1,624.1 1,624.1 0.5 0.5 338.9 1.7 5.4

4.85 - 5.50 7.33

: & x

E # &$- 31 # 2556 " - & &

+ " #GG + " #/ * #/ " $% # 7% 1 - 5 : 2 $% 3 $

#/ " $% ( ) / #/ / " 1 : 5 : " E " $% #/ /# #/ &$ & # (& & " ' * ( & "

& Q "9 & F *8"/ $* F *8 " & & " & & (>#" $% & *8" / $* *8 *8" " *8" #" $( &

955.7 597.7 -

569.3 76.4 -

0.3

3.1

Annual Report 2013

117.4 1,073.1 0.13 - 2.35 569.3 1.90 - 2.40 442.9 442.9 933.3 1,531.0 5.75 - 18.00 161.0 237.4 7.00 327.0 327.0 -

25.1 25.1 1,129.7 1,129.7 0.1 0.1 3.4

7.33

198

: & x

E # &$- 31 # 2555 " - & &

+ " #GG + " #/ * #/ " $% # 7% 1 - 5 : 2 $% 3 $ #/ " $% ( ) / #/ / " 1 : 5 : " E " $% #/ /# #/ &$ & # (& & " ' * ( & "

& Q "9 & F *8"/ $* F *8 " & & " & & (>#"

1,296.1 1,271.6 -

106.4 -

147.1 1,443.2 0.13 - 2.50 106.4 1.95 - 2.80 252.5 252.5 1,484.1 2,755.7 5.75 - 18.00 38.0 38.0 327.0 327.0 -

$% & *8" / $* *8 *8" " " *8 *+

' & F ,# ,+ *8" #" $( &

338.9 0.3

3.4

186.5 186.5 1,624.1 1,624.1 0.5 0.5 338.9 1.7 5.4

4.85 - 5.50 7.33

E ' J *+ % &" & & J *+ ' & J *+ % & *8 " & & J *+ % & "/ - ,+ &#, & & $ *+#*

*8 '" & > & ( *8 : & &$- " & / $ 3" $ E # &$- 31 # 2556 " # x $- " $% # / #/ 4 / & # x $- // & # x $- ( ) & # (& & " ' * ( & "

& Q "9 & F *8 " & & " & & (>#" $% & " *8 *+

' & F ,# ,+ *8" #" $( &

1,372.5 359.9 782.6 77.7 343.1

46.2 7.9 56.6 5.4 50.8

3.4 2.2 7.2 8.8 14.8

301.9 4.1

12.8 0.2

5.1 4.6

Annual Report 2013

199

: & &$- " & / $ 3" $ E # &$- 31 # 2555 " # x $- " $% # / #/ 4 / & # x $- // & # x $- ( ) & # (& & " ' * ( & "

& Q "9 & F *8 " & & (>#" $% & " *8 *+

' & F ,# ,+ *8" #" $( &

982.4 106.1 1,099.9 301.6

36.5 2.5 74.1 59.8

3.7 2.4 6.7 19.8

299.8 5.3

11.6 0.3

5.2 5.1 : &

E # &$- 31 # 2556 " # x $- " $% # / #/ 4 / & # x $- // & # x $- ( ) & # (& & " ' * ( & "

& Q "9 & F *8 " & & " & & (>#" $% & " *8 *+

' & F ,# ,+ *8" #" $( &

1,372.5 359.9 782.6 77.7 327.0

46.2 7.9 56.6 5.4 50.8

3.4 2.2 7.2 8.8 15.5

301.9 4.1

12.8 0.2

5.1 4.6

Annual Report 2013

200

: & x

E # &$- 31 # 2555 " # x $- " $% # / #/ 4 / & # x $- // & # x $- ( ) & # (& & " ' * ( & "

& Q "9 & F *8 " & & (>#" $% & " *8 *+

' & F ,# ,+ *8" #" $( &

982.4 106.1 1,099.9 327.0

36.5 2.5 74.1 59.8

3.7 2.4 6.7 18.3

299.8 5.3

11.6 0.3

5.2 5.1

39.3 -> # "*+ & "B - ( & -> # "*+ & "B - ( & -, -> # "*+ & *+ -> # "* ,+ & #(" # 9 * + " ! & " ' / , #(" # 9 & * & #-> # & ' ( > *+ & / $/ B EF #,+ - /

*8 # )-D # / ' *+ . 18/2549 ,+ & â&#x20AC;&#x153; / & & & "B - ( &" â&#x20AC;? / / & & & "B - ( &" #,+ " 8 > / H #( >( 15.0 ' #( >( 7 % & *8" +> " <,8 % (>& B >' <,8 % " <,8 % (>& # q # >(

> " <,8 % (>& & / & & & "B - ( &" #,+ " 8 > / H #( >( 25.0 ' #( >( 7 % & *8" +> ' " *+ &> & ! > ' ( ! D* *+ " <,8 % (>& B & ( > ' #* &", ' &-> # "&- & ( > ( "/ & -D # / ' ' > / & & & "B - ( &" #,+ " 8 > / H # *+ / > - *+ " &'

Annual Report 2013

201

*8 #% &- "# $ % &"/ $* ( ) ) / (â&#x20AC;&#x153;"/ $*â&#x20AC;?) #> 300 â&#x20AC;&#x153;"# $ â&#x20AC;? ,+ & â&#x20AC;&#x153;- D"# % &"# $ "# â&#x20AC;? / "# $ "# &#*"(> % & % & #( >( 150.0 ' / , #*L & & # DG *+ (> & <=+&#* *+ / F' % & -- & ( > / # q # D > *+ 31 > -# 2556 ' 2555 / & & & "B - ( &" / > # D 2,970.3 ' # D 2,191.0 # / - ! 242.1 ' 106.2 % & *8" +> ' " *+ &> & ! # / > *+ *+- / % & - ,+ &#, & & > *+ & '" &L & D > *+ 31 > -# 2556 ' 2555 #* & *8 : & &$- " & / $ 3" $ E # &$- 31 # 2556 " - & & - * 1 - 5 : 5 : 3 $ 2 $%

& 1 : + " " E & # (& & " ' * ( & "

& Q "9 & F *8"/ $* F *8 " & & " & & (>#" $% & *8"/ $* *8 *8" " *8" #" $( &

500.0 597.7 -

Annual Report 2013

400.0 442.9 888.6 77.5 159.9 -

25.1 1,129.7 0.1 0.3

3.1

673.1 69.3 44.7 340.2

1,073.1 569.3 442.9 1,531.0 237.4 340.2

25.1 1,129.7 0.1 3.4

202

: & &$- " & / $ 3" $ E # &$- 31 # 2555 " - & & - * 1 - 5 : 5 : 3 $ 2 $%

& 1 : + " " E & # (& & " ' * ( & "

& Q "9 & F *8"/ $* F *8 " & & " & & (>#" $% & *8"/ $* *8 *8" " " *8 *+

' & F ,# ,+ *8" #" $( &

252.5 1,271.6 1,417.9 15.0 -

186.5 1,624.1 0.5 338.9 2.0

23.0 -

1,443.2 106.4 66.2 314.2

1,443.2 106.4 252.5 2,755.7 38.0 314.2

3.4

186.5 1,624.1 0.5 338.9 5.4

: & x

E # &$- 31 # 2556 " - & & - * 1 - 5 : 5 : 3 $ 2 $%

& 1 : + " " E & # (& & " ' * ( & "

& Q "9 & F *8"/ $* F *8 " & & " & & (>#" $% & *8"/ $* *8 *8" " *8" #" $( &

500.0 597.7 -

400.0 442.9 888.6 77.5 -

25.1 1,129.7 0.1 0.3

Annual Report 2013

159.9 -

3.1

673.1 69.3 44.7 327.0

1,073.1 569.3 442.9 1,531.0 237.4 327.0

25.1 1,129.7 0.1 3.4

203

: & x

E # &$- 31 # 2555 " - & & - * 1 - 5 : 5 : 3 $ 2 $%

& 1 : + " " E & # (& & " ' * ( & "

& Q "9 & F *8"/ $* F *8 " & & " & & (>#" $% & *8"/ $* *8 *8" " " *8 *+

' & F ,# ,+ *8" #" $( &

252.5 1,271.6 1,417.9 15.0 -

186.5 1,624.1 0.5 338.9 2.0

23.0 -

1,443.2 106.4 66.2 327.0

1,443.2 106.4 252.5 2,755.7 38.0 327.0

3.4

186.5 1,624.1 0.5 338.9 5.4

39.4 -> # "*+ & "B >

#*-> # "*+ & "B > *+ -> #E E> % & - ' - % & " <=+& #*E / #F -( & & % & & ( &#* "/ - ( & : # #* -> # "*+ & "B > F( *+ # / -> # "*+ & / >$*8> ' -> # "*+ & *+ # "#

/ #* (> & #' -> - #-> # "*+ & ! # *+ % & /

39.5 -> # "*+ & ' *+ D > *+ 31 > -# 2556 ' 2555 #(#* - ,+ &#, & & *+ ! & ( & ) *+#*" "/ -

Annual Report 2013

204

39.6 #F -( # #F -( # # D% &" & & ' *8" & & "(> (9, # / > *+'" & & '" &L & ,+ & " & & ' *8" & & & ( > ! " ' *8" " 8 ' #F -( #( *+ ' & # *+ ' &% &

*8 > #F -( # # D% & & & <=+& & & ,+

- ' & & E,+ % #F -( #9, # - " <,8 &" D " 8 > / " % & % & ' (& ) "/ (> & & K ' & & +> <=+& #( $( * #F -( # # D #F -( " " ' "/ " *8 *+9, - / #F -( # # D > * "( > '" & "

*8 O ' > *+ 9, - / ' #F -( #% & "/ - '" &"

-/ >D - " % &" D " 8 > / " % & % & ' (& ) 40. #/ * & & "/ " 8 " > *+ 31 > -# 2556 #

& & # EF #* / & #% & #,+

> *+ 20 #B 2557

Annual Report 2013

205

& ! "/ & " % % & D > *+ 31 > -# 2556 #* & ( *8 &$-/#% & 6 Ef "/ & " % > % *+ 1693 - <: <( " % > $ 8 11 9 '%>& > % & 10900 ) 0-2937-1292-8 " 0-2937-1292 "/ & " % &' % *+ 275 -

# " % &'- $ 8 6 9 $ # '%>& &'- ,

% &'- & 10160 ) 0-2454-9088-94 " 0-2454-9095 "/ & " % & #>&) > % *+ 30/39 - 50 -

# " % & #>&) > $ 8 12 9 & #>&) > / & % / B #, & & > * 11000 ) 0-2550-0522-8 " 0-2550-0529 % *+ 1293 - - ;F " % "/ & $ 8 2 #F( 4 9 " % #> / "/ & " % "/ & 1

( K / " % > *+ 23 f) 2555) % > I & 10110 ) 0-2627-2400 " 0-2627-2427 "/ & " % <: > % *+ 999/9 - "/ &

;;K) )" ' <: > & % *+ :# $ 2807 $ 8 28 9 # 1 '%>& #> % #> & 10330 ) 0-2613-1199 " 0-264-5421 Annual Report 2013

206

"/ & " %

&$-/#% % *+ 540 - # - > *+ $ 8 14 9 '%>& # * % #> & 10330 ) 0-2264-8555 " 0-2658-5919

"/ & " % ( #" % <( )

% *+ 408/59 - " < <( & % *+ 412/44-45 $ 8 3 9. '%>&" # " % #. 10400 ) 0-2619-0600-2 " 0-2619-0599 % *+ 101/549 # .$ & > & 9. & > . " . & > & & > * 11100 ) 0-2571-1199 " 0-2571-3119 % *+1093/73 - <: < *8 > > $ 8 14 9 & - '%>& & % & #. 10260 ) 0-2745-6813-16 " 0-2745-6718 % *+ 99, 99/9 #F( *+ 2 & % *+ 1201 $ 8 12 9 ' &> I / &

/ B : & > * ) 0-2193-8170-74 " 0-2193-8176

- - > $ * - : < % *+ 57 & % *+ 1607 *-1608 $ 8 16 9 > '%>& # * % #> & 10330 ) 02-263-8500 " 02-263-8555-6

- :# > > % *+ 195 & % *+ 1406 $ 8 14 > > 3 9." '%>& > % " & 10120 ) 02-627-7888 " 02-627-7899

- # F E 1 % *+ 2884 $ 8 6 9 $ * #( '%>& & K % > %> & & 10310 ) 0-2716-5700 " . 0-2716-5713

"/ & " % & > &

"/ & " % &

"/ & " % ' &> I

"/ & " % - > $

"/ & " % :# > >

"/ & " % $ * #( ( K / > *+ 18 f) 2556)

"/ & " % $* & #( 1 "/ & " % $* & #( 2 "/ & " % :

1 $* & #( "/ & " % :

2 $* & #( "/ & " % $* & #( 3

"/ & " % $* & #( 4

"/ & " % $* & 1

% *+ 50/147-157 - Â? < <( ' - $ 8 4 9 > ' > / $ & E, / B #, & & > $* & #( 50300 ) 0-5322-4766-9 " 0-5322-4775 ) 0-5340-5242-6 " 0-5340-4390 ) 0-5322-3377-9 " 0-5322-3378 ) 0-5322-3663-4 " 0-5322-3378 % *+ 2/9-10 - - &- - # * # $ 8 *+ 1 9 $ f / $ & E,

207

"/ & " % $* & 2 "/ & " % / & "/ & " % - "> - "/ & " % D

"/ & " % "/ & " % / F

&$-/#% ) 0-5374-0480-3 " 0-5374-0484 % *+ 500/1 - 3 9 " # * / " Â&#x2DC; / B #, & & > / & 52100 ) 0-5423-1740-8 " 0-5423-1749 % *+ 919/112 #F( *+ 10 . - "> - . #, & - "> - & > - "> - 60000 ) 0-5622-7241-3 " 0-5622-9899 % *+ 228/28 - 30 9 # 9 / #, & / B #, & & > D 65000 ) 0-5523-1981-7 " 0-5523-1980 % *+ 3/5 9 $ >. / >* & / B #, & & > 56000 ) 0-5441-0930-1 " 0-5441-0905 % *+ 12/5 9 # / #, & / B #, & & > / F 51000 ) 0-5351-0500 " 0-5356-1511

*/ "/ & " % ) (

"/ & " % - ) * # $ 1 "/ & " % - ) * # $ 2 "/ & " % - ) * # $ 3 "/ & " % & "/ & " % #, & BF : "/ & " % "&% "/ & " % $ # "/ & " % * " <( (

/ *+ & / B #, & & > & 92000 ) 0-7521-6000-3 " 0-7521-6007 % *+ 154/14 - 16 9 && / ( / B #, & & > BF : 83000 ) 0-7623-2482-90 " 0-7623-2491 % *+ 467 9 * / ( & / B #, & & > "&% 90000 ) 0-7443-7500 " 0-7443-6666 % *+ 1/9 9 >*" - / ( B / B #, & & > $ # 86000 ) 0-7751-2114-6 " 0-7751-2122 * " Â? / % *+ 29 - * " ( <( $ 8 6 & 607 9 $ O / B ( & > "&% 90110 ) 0-7435-2905-6 " 0-7435-2909-10

/ # x$ "/ & " % " "/ & " % ) *"

% *+ 7/8 9 ) L / #, & / B #, & & > " 32000 ) 0-4453-5033-35 " 0-4453-5045 % *+ 1036/1 - 4 9 > F ", / #, & / B #, & & > ) *" 33000 ) 0-4562-0860-66 " 0-4562-0867 Annual Report 2013

208

"/ & " % *

"/ & " % % ' ( "/ & " % - $"*# "/ & " %

# - $"*#

"/ & " % " * > > $ *

"/ & " % * #

&$-/#% % *+ 232/6 - ; - $ 8 2 9 q* / # '% & / B #, & & >

* 41000 ) 0-4223-0555 " 0-4223-0515 % *+ 238/8 - & < > & % *+ I7-I9 $ 8 2 9 / #, &

/ B #, & & > % ' ( 40000 ) 0-4333-4755 " 0-4323-8322 % *+ 166/1 - 2 9 # / #, & / B #, & & > - $"*# 30000 ) 0-4426-9802-11 " 0-4424-8990 % *+ 1242/2 "/ &

# - $"*# $ 8 *+ 6 & 3 9 # B / #, & / B #, & & > - $"*# ) 0-4428-8057-66 " 0-4428-8065 % *+ 512/8 - " * > > & % *+ 4C-1 $ 8 4 9 $ & F / #, &

/ B #, & & >

$ * 34000 ) 0-4535-5125 " 0-4531-6232 % *+ 8/47 - 48 9 #, & / #, & / B #, & & > * # 31000 ) 0-4462-5606-7 " 0-4460-1953

"/ & " % $ * "/ & " % - L# "/ & " % * "/ & " % " * "/ & " % R& $ *

/ # "/ & " % &

"/ & " %

"/ & " % J $ &

% *+ 115 - " <( $ 8 1 < )F - " 5 9 " % #> / $ &

209

"/ & " % 9 $ $ $ *

&$-/#% % *+ 838/1 -838/1% 9 $ $ / & " / B #, & & > $ * 20000 ) 0-3879-2556-7 " 0-3879-2569

Annual Report 2013

210