CPN Annual Report 2003 by Howard Woon

CENTRAL PATTANA ANNUAL REPORT 2003

C O N T E N T S Chairman Statement “√®“°ª√–∏“π°√√¡°“√ ............................................................................................. 8

Board†of†Director §≥–°√√¡°“√∫√‘…—∑ .......................................................................................................12

Audit†Committee §≥–°√√¡°“√µ√«® Õ∫ ..............................................................................................17

Executive†Committee†&†Management†Team §≥–°√√¡°“√∫√‘À“√¢Õß∫√‘…—∑·≈–ºŸâ∫√‘À“√ ...............................................18

Organization†Chart º—ßÕß§å°√∫√‘…—∑†‡´Áπ∑√—≈æ—≤π“†®Ì“°—¥†(¡À“™π) ................................... 22

Audit†Committee†Report √“¬ß“π®“°ª√–∏“π§≥–°√√¡°“√µ√«® Õ∫ ............................................ 24

Report†on†Business†Operations √“¬ß“πº≈°“√¥Ì“‡π‘πß“π ........................................................................................ 28

Future†Projects ‚§√ß°“√„πÕπ“§µ .......................................................................................................... 50

Business†Structure†and†Holdings ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘®¢Õß∫√‘…—∑†·≈–∫√‘…—∑¬àÕ¬ ............................ 53

Financial†Statements ß∫°“√‡ß‘π·≈–√“¬ß“πºŸâµ√«® Õ∫∫—≠™’ ............................................................131

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∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®Ì“°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ Central Pattana Public Company Limited And Subsidiaries

®ÿ¥‡¥àπ∑“ß°“√‡ß‘π Consolidated Financial Highlights & Statistics by Year ≥ 31 ∏—π«“§¡ As at 31 December

(1)

Àπà«¬ : æ—π∫“∑ (Unit : K Baht) 2544 2545 2546 2001 2002 2003

2542 1999 (1)

2543 2000

2,544,744

2,808,861

3,101,185

3,855,959

5,540,022

2,410,226

2,620,553

2,949,839

3,610,058

5,181,208

1,247,128

1,306,282

1,398,032

1,720,376

2,819,119

1,163,098

1,314,271

1,551,807

1,889,682

2,362,089

368,775

308,120

629,300

947,859

1,196,877

º≈°“√¥”‡π‘πß“π√«¡ Consolidated Operating Results √“¬‰¥â√«¡ (2) Total Revenue (2) √“¬‰¥â®“°°“√‡™à“·≈–∫√‘°“√, ¢“¬Õ“À“√ ·≈–‡§√◊ËÕß¥◊Ë¡ Revenue From Rental & Service, Food & Beverage µâπ∑ÿπ§à“‡™à“·≈–∫√‘°“√, ¢“¬Õ“À“√ & ‡§√◊ËÕß¥◊Ë¡ Cost Of Rental & Service, Food & Beverage °”‰√¢—Èπµâπ Gross Profit °”‰√ ÿ∑∏‘ Net Profit

∞“π–∑“ß°“√‡ß‘π√«¡ Consolidated Financial Position ‘π∑√—æ¬å√«¡ Total Assets Àπ’ È π‘ √«¡ Total Liabilities Àπ’È ‘π∑’Ë¡’¿“√–¥Õ°‡∫’È¬ Interest Bearing Debt à«π¢ÕßºŸâ∂◊ÕÀÿâπ (3) Shareholders's Equity (3) °”‰√ – ¡ Retained Earning ∑ÿπ Capital ®”π«πÀÿâπ Total Number of Shares

11,114,887 11,610,230 14,743,958 21,373,120 23,549,873 7,460,280

7,792,594 10,514,348 15,334,404 15,954,251

3,838,025

4,275,985

4,934,983

7,583,155

7,997,818

3,654,607

3,817,635

4,229,610

6,038,716

7,955,621

1,163,262

1,346,381

1,825,682

2,498,507

3,295,361

1,000,000

1,000,123

2,000,245

2,178,816

100,000

100,012

200,025

435,763

1.05

1.12

1.17

1.26

1.01

48.26

50.15

52.61

52.34

45.59

14.49

10.97

20.29

24.58

21.60

3.32

2.65

4.27

4.43

5.08

10.66

8.46

15.26

16.35

15.76

1.84

1.54

1.71

2.57

2.99

Õ—µ√“ à«π∑“ß°“√‡ß‘π√«¡ Consolidated Financial Ratios Õ—µ√“ à«π¢ÕßÀπ’È ‘π∑’Ë¡’ ¿“√–¥Õ°‡∫’È¬µàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ Interest Bearing Debt / Equity Õ—µ√“°”‰√¢—Èπµâπ (%) Gross Profit Margin (%) Õ—µ√“°”‰√ ÿ∑∏‘ (%) Net Profit Margin (%) Õ—µ√“º≈µÕ∫·∑π¢Õß ‘π∑√—æ¬å (%) ROA Õ—µ√“º≈µÕ∫·∑π¢ÕßºŸâ∂◊ÕÀÿâπ (%) ROE °”‰√µàÕÀÿâπ (4) EPS (4)

(1) ß∫°“√‡ß‘πª√–®”ªï 2542 ‰¥â¡’°“√ª√—∫ª√ÿß„À¡à ‡æ◊ËÕ· ¥ß∂÷ßº≈¢Õß°“√‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬°“√∫—≠™’ „Àâ Õ¥§≈âÕß°—∫·¡à∫∑°“√∫—≠™’ (Financial Statements for 1999 was restated to reflect the effects from change in accounting policy to comply with new accounting framework) (2) √“¬‰¥â√«¡†‰¡à√«¡∂÷ß°”‰√®“°Õ—µ√“·≈°‡ª≈’Ë¬π, °”‰√®“°°“√´◊ÈÕ§◊πÀÿâπ°Ÿâ ·≈–°”‰√®“°°“√¢“¬‡ß‘π≈ß∑ÿπ (Total Revenue excluded gain from exchange rate, gain from ECD buyback and gain from disposal of assets) (3) √«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π∫√‘…—∑¬àÕ¬ (Include Minority Interest in Subsidiaries) (4) °Ì“‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π ‡©æ“– à«π∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ “¡—≠ °Ì“‰√µàÕÀÿâπªïï 2542-2544 ‰¥â¡’°“√ª√—∫ª√ÿß„À¡à‡æ◊ËÕ„Àâ Õ¥§≈âÕß°—∫°“√·µ°¡Ÿ≈§à“Àÿâπ„π‡¥◊Õπ¡°√“§¡ªï†2546 (Basic†Earnings†per share only attributable to ordinary shareholders, EPS was restated to reflect the decrease of par value (par split) in January 2003

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∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®Ì“°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ Central Pattana Public Company Limited And Subsidiaries

®ÿ¥‡¥àπ∑“ß°“√‡ß‘π Consolidated Financial Highlights & Statistics by Year

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∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®Ì“°—¥ (¡À“™π) Central Pattana Public Company Limited

®ÿ¥‡¥àπ∑“ß°“√‡ß‘π Financial Highlights & Statistics by Year ≥ 31 ∏—π«“§¡ As at 31 December

Àπà«¬ : æ—π∫“∑ (Unit : K Baht) 2544 2545 2546 2001 2002 2003

2542 (1) 1999 (1)

2543 2000

1,526,524

1,731,522

1,864,488

2,079,171

2,335,956

1,364,628

1,533,228

1,674,325

1,863,952

2,009,270

465,903

508,863

517,853

633,248

715,934

898,725

1,024,365

1,156,472

1,230,704

1,293,336

368,775

308,120

629,300

947,859

1,196,877

º≈°“√¥”‡π‘πß“π Operating Results √“¬‰¥â√«¡ (2) Total Revenue (2) √“¬‰¥â®“°°“√‡™à“·≈–∫√‘°“√ Revenue From Rental & Service µâπ∑ÿπ§à“‡™à“·≈–∫√‘°“√ Cost Of Rental & Service °”‰√¢—Èπµâπ Gross Profit °”‰√ ÿ∑∏‘ Net Profit

∞“π–∑“ß°“√‡ß‘π Financial Position ‘π∑√—æ¬å√«¡ Total Assets Àπ’ È π‘ √«¡ Total Liabilities Àπ’È ‘π∑’Ë¡’¿“√–¥Õ°‡∫’È¬ Interest Bearing Debt à«π¢ÕßºŸâ∂◊ÕÀÿâπ Shareholders's Equity °”‰√ – ¡ Retained Earning ∑ÿπ Capital ®”π«πÀÿâπ Total Number of Shares

8,963,052

9,622,228 10,487,473 15,417,307 13,554,598

5,504,552

5,980,480

6,364,403

9,619,857

5,959,006

3,213,186

3,909,119

3,959,414

7,060,668

3,508,789

3,458,500

3,641,748

4,123,070

5,797,450

7,595,592

1,163,262

1,346,381

1,825,682

2,498,507

3,295,361

1,000,000

1,000,123

2,000,245

2,178,816

100,000

100,012

200,025

435,763

0.93

1.07

0.96

1.22

0.46

65.86

66.81

69.07

66.03

64.37

24.16

17.79

33.75

45.59

51.24

4.11

3.20

6.00

6.15

8.83

10.66

8.46

15.26

16.35

15.76

1.84

1.54

1.71

2.57

2.99

1.25

1.50

2.75

1.00

1.10

Õ—µ√“ à«π∑“ß°“√‡ß‘π Financial Ratios Õ—µ√“ à«π¢ÕßÀπ’È ‘π∑’Ë¡’ ¿“√–¥Õ°‡∫’È¬µàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ Interest Bearing Debt / Equity Õ—µ√“°”‰√¢—Èπµâπ (%) Gross Profit Margin (%) Õ—µ√“°”‰√ ÿ∑∏‘ (%) Net Profit Margin (%) Õ—µ√“º≈µÕ∫·∑π¢Õß ‘π∑√—æ¬å (%) ROA Õ—µ√“º≈µÕ∫·∑π¢ÕßºŸâ∂◊ÕÀÿâπ (%) ROE °”‰√µàÕÀÿâπ (3) EPS (3) ‡ß‘πªíπº≈µàÕÀÿâπ (®à“¬ªï∂—¥‰ª) DPS (pay in the following year)

(1) ß∫°“√‡ß‘πª√–®”ªï 2542†‰¥â¡’°“√ª√—∫ª√ÿß„À¡à ‡æ◊ËÕ· ¥ß∂÷ßº≈¢Õß°“√‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬°“√∫—≠™’ „Àâ Õ¥§≈âÕß°—∫·¡à∫∑°“√∫—≠™’ (Financial Statements for 1999 was restated to reflect the effects from change in accounting policy to comply with new accounting framework) (2) √“¬‰¥â√«¡†‰¡à√«¡∂÷ß°”‰√®“°Õ—µ√“·≈°‡ª≈’Ë¬π, °”‰√®“°°“√´◊ÈÕ§◊πÀÿâπ°Ÿâ ·≈–°”‰√®“°°“√¢“¬‡ß‘π≈ß∑ÿπ (Total Revenue excluded gain from exchange rate, gain from ECD buyback and gain from disposal of assets) (3) °Ì“‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π ‡©æ“– à«π∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ “¡—≠ °Ì“‰√µàÕÀÿâπªïï 2542-2544 ‰¥â¡’°“√ª√—∫ª√ÿß„À¡à‡æ◊ËÕ„Àâ Õ¥§≈âÕß°—∫°“√·µ°¡Ÿ≈§à“Àÿâπ„π‡¥◊Õπ¡°√“§¡ªï†2546 (Basic†Earnings†per share only attributable to ordinary shareholders, EPS was restated to reflect the decrease of par value (par split) in January 2003

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∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®Ì“°—¥ (¡À“™π) Central Pattana Public Company Limited

®ÿ¥‡¥àπ∑“ß°“√‡ß‘π Financial Highlights & Statistics by Year

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“√®“°ª√–∏“π°√√¡°“√ ªï†2546†π—∫‡ªìπªï·Ààß°“√‡µ‘∫‚µ¢Õß∫√‘…—∑†‡´Áπ∑√—≈æ—≤π“†®”°—¥†(¡À“™π)†Õ’°ªïÀπ÷Ëß À≈—ß®“°∫√‘…—∑‰¥â‡ªî¥‚§√ß°“√‡´Áπ∑√—≈†æ≈“´“†æ√–√“¡†2†·≈–‡¢â“´◊ÈÕ‚§√ß°“√‡´Áπ∑√—≈ ‡«‘ ≈ ¥å † æ≈“´“†„π‡¥◊ Õ π∏— π «“§¡†2545†∑’Ë ºà “ π¡“†ªï π’È ∫ √‘ …— ∑ ‰¥â ‡ ªî ¥ ‚§√ß°“√†‡´Á π ∑√— ≈ ·Õ√å æ Õ√å µ †æ≈“´“†‡™’ ¬ ß„À¡à † ‡ø †2†∫’ † „π‡¥◊ Õ π‡¡…“¬π†2546†‚§√ß°“√„À¡à ∑—È ß † 3†‚§√ß°“√π’È‡ªìπ à«π ”§—≠∑’Ë∑”„Àâ√“¬‰¥â§à“‡™à“·≈–§à“∫√‘°“√·≈–°”‰√ ÿ∑∏‘ ”À√—∫ªï†2546 ‡æ‘Ë¡ Ÿß¢÷Èπ®“°ªï†2545 ¡“°°«à“†44% ·≈–†26%†µ“¡≈”¥—∫ ·¡â «à “ ∫√‘ …— ∑ ®–ª√– ∫º≈ ”‡√Á ® „π°“√‡ªî ¥ ‚§√ß°“√„À¡à · ≈– “¡“√∂ √â “ ßÕ— µ √“°“√ ‡µ‘ ∫ ‚µ„π√“¬‰¥â · ≈–º≈°”‰√Õ¬à “ ßµà Õ ‡π◊Ë Õ ß„π™à « ß†4-5†ªï ∑’Ë ºà “ π¡“†·µà ∫ √‘ …— ∑ ¡‘‰ ¥â À ¬ÿ ¥ π‘Ë ß ¬— ß §ß¡ÿà ß æ— ≤ π“·≈–ª√— ∫ ª√ÿ ß §ÿ ≥ ¿“æ°“√∫√‘ À “√»Ÿ π ¬å ° “√§â “ Õ¬Ÿà µ ≈Õ¥‡«≈“†ªí ® ®ÿ ∫— π ∫√‘ …— ∑ Õ¬Ÿà √ –À«à “ ß°“√ª√— ∫ ª√ÿ ß »Ÿ π ¬å ° “√§â “ ‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†„Àâ ‡ ªì π »Ÿ π ¬å ° “√§â “ ∑— π ¡— ¬ §√∫«ß®√„π¬à “ π„®°≈“ß°√ÿ ß ‡∑æœ†‚¥¬§“¥«à “ °“√ª√— ∫ ª√ÿ ß ®–·≈â « ‡ √Á ® ¿“¬„πªï † 2549 ·≈–∫√‘ …— ∑ ¬— ß Õ¬Ÿà √ –À«à “ ß°à Õ √â “ ßÕ“§“√ ”π— ° ß“π†ç‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † ∑“«‡«Õ√å é †∑’Ë µ—È ß Õ¬Ÿà „ π∫√‘ ‡ «≥‚§√ß°“√‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†‚¥¬§“¥«à “ ®– “¡“√∂‡ªî ¥ ¥”‡π‘ π °“√‰¥â ¿ “¬„π‡¥◊ Õ π°— π ¬“¬π†2547†´÷Ë ß ®– ™à«¬ √â“ß§«“¡·¢Áß·°√àß·≈–‡ªìπ°“√‡æ‘Ë¡∞“π≈Ÿ°§â“„Àâ°—∫»Ÿπ¬å°“√§â“†‡´Áπ∑√—≈†‡«‘≈¥å†æ≈“´“†‰¥â‡ªìπÕ¬à“ß¥’†πÕ°®“°π’È „π‡¥◊Õπ ∏—π«“§¡†2546†π’È∫√‘…—∑‰¥â‡¢â“´◊ÈÕ‚§√ß°“√ ¬“¡®— ‚°â†√—µπ“∏‘‡∫»√å†´÷Ëß∂◊Õ‡ªìπ»Ÿπ¬å°“√§â“∑’Ë¡’√Ÿª·∫∫·µ°µà“ß®“°»Ÿπ¬å°“√§â“∑’Ë ∫√‘ …— ∑ ¡’ Õ ¬Ÿà „ πªí ® ®ÿ ∫— π †°“√‡¢â “ ´◊È Õ ‚§√ß°“√π’È π Õ°®“°™à « ¬„Àâ ∫ √‘ …— ∑ ¡’ à « π·∫à ß °“√µ≈“¥‡æ‘Ë ¡ ¢÷È π ·≈–¢¬“¬∞“π≈Ÿ ° §â “ ‰ª¬— ß ∑‘ » µ–«— π µ°‡©’ ¬ ß‡Àπ◊ Õ ¢Õß°√ÿ ß ‡∑æœ†·≈–®— ß À«— ¥ ππ∑∫ÿ √’ † ´÷Ë ß ®–™à « ¬µÕ°¬È” §«“¡‡ªì π ºŸâ π”„π∏ÿ √ °‘ ® æ— ≤ π“Õ — ß À“√‘ ¡ ∑√— æ ¬å ¥â “ π§â “ ª≈’ ° ‰¥â Õ ¬à “ ß·∑â ® √‘ ß ·≈â « ∫√‘ …— ∑ ¬— ß “¡“√∂æ— ≤ π“‚§√ß°“√„À¡à ∫ π∑’Ë ¥‘ π ¥— ß °≈à “ «‰¥â „πÕπ“§µÕ’°¥â«¬ ®“°°“√∑’Ë ∫ √‘ …— ∑ ¡’ ° “√¢¬“¬∏ÿ √ °‘ ® Õ¬à “ ßµà Õ ‡π◊Ë Õ ß∑”„Àâ ∫ √‘ …— ∑ ®–µâ Õ ß®— ¥ À“‡ß‘ π ≈ß∑ÿ π „Àâ ‡ æ’ ¬ ßæÕ´÷Ë ß ∫√‘ …— ∑ ‰¥â √— ∫ §«“¡ ‰«â « “ß„®®“° ∂“∫— π °“√‡ß‘ π µà “ ßÊ†„π°“√„Àâ ‡ ß‘ π °Ÿâ ‡ æ◊Ë Õ ¢¬“¬∏ÿ √ °‘ ® ‡ªì π Õ¬à “ ß¥’ † Õ¬à “ ß‰√°Á µ “¡‡æ◊Ë Õ „Àâ ∫ √‘ …— ∑ ‡µ‘ ∫ ‚µÕ¬à “ ß¡—Ë ß §ß ·≈–¬—Ë ß ¬◊ π †∫√‘ …— ∑ ‰¥â °”Àπ¥π‚¬∫“¬„Àâ ¥”√ßÕ— µ √“ à « π‡ß‘ π °Ÿâ ∑’Ë ¡’ ¿ “√–¥Õ°‡∫’È ¬ ÿ ∑ ∏‘ µà Õ ∑ÿ π †(Gearing†Ratio)†„πÕ— µ √“‰¡à ‡ °‘ π 1†‡∑à “ †∫√‘ …— ∑ ®÷ ß ‰¥â ‡ æ‘Ë ¡ ∑ÿ π ®¥∑–‡∫’ ¬ π®”π«πª√–¡“≥†1,000†≈â “ π∫“∑†´÷Ë ß ‰¥â ™à « ¬‡æ‘Ë ¡ §«“¡·¢Á ß ·°√à ß µà Õ ∞“π–°“√‡ß‘ π ¢Õß ∫√‘…—∑‚¥¬∫√‘…—∑ª√– ∫§«“¡ ”‡√Á®„π°“√¢“¬Àÿâπ‡æ‘Ë¡∑ÿπ¥—ß°≈à“«„Àâ°—∫°Õß∑ÿπ‡æ◊ËÕ°“√√à«¡≈ß∑ÿπ†(Thailand†Equity†Fund) ‡¡◊ËÕ‡¥◊Õπ°√°Æ“§¡†2546†´÷Ëß°≈ÿà¡ºŸâ≈ß∑ÿπ„π°Õß∑ÿπª√–°Õ∫¥â«¬ ∂“∫—π∑—Èß„πª√–‡∑»·≈–µà“ßª√–‡∑»†Õ—π‰¥â·°à†International Finance†Corporation†(IFC),†CalifIornia†Public†Employees†Retirement†System†(CalPERS)†·≈–†Asian†Development Bank†‡ªì π µâ π †∫√‘ …— ∑ ‡≈Á ß ‡ÀÁ π «à “ °“√∑’Ë ° ≈ÿà ¡ ºŸâ ≈ ß∑ÿ π ´÷Ë ß ≈â « π·µà ‡ ªì π ºŸâ ∑’Ë ¡’ ™◊Ë Õ ‡ ’ ¬ ß√–¥— ∫ ‚≈°¡’ § «“¡™”π“≠·≈–¡’ ‡ §√◊ Õ ¢à “ ¬„π ∏ÿ√°‘®µà“ßÊ†¡“°¡“¬∑—Èß„π·≈–µà“ßª√–‡∑»®–°àÕ„Àâ‡°‘¥ª√–‚¬™πå „π°“√™à«¬ π—∫ πÿπ¥â“π°“√‡ß‘π·≈–°“√¢¬“¬µ—«¢Õß∏ÿ√°‘® „Àâ °— ∫ ∫√‘ …— ∑ „πÕπ“§µ†„π°“√π’È ° Õß∑ÿ π ‡æ◊Ë Õ °“√√à « ¡≈ß∑ÿ π ‰¥â · µà ß µ—È ß µ— « ·∑π‡¢â “ √à « ¡‡ªì π °√√¡°“√∫√‘ …— ∑ ®”π«π†1†∑à “ π πÕ°®“°π’È∫√‘…—∑‰¥â „Àâ§«“¡ ”§—≠°—∫À≈—°°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ‚¥¬„πªï†2547†®–¡’°“√¥”‡π‘π°“√ª√—∫ª√ÿß√–∫∫°“√∫√‘À“√ ®— ¥ °“√µà “ ßÊ†‡æ◊Ë Õ „Àâ ‡ ªì π ‰ªµ“¡À≈— ° °“√¢Õß∫√√…— ∑ ¿‘ ∫ “≈§«∫§Ÿà ‰ ª°— ∫ °“√¢¬“¬∏ÿ √ °‘ ® ‡æ◊Ë Õ √â “ ß§«“¡‡™◊Ë Õ ¡—Ë π „Àâ °— ∫ ºŸâ ∂◊ Õ Àÿâ π ∑’Ë‡ªìπª√–™“™π∑—Ë«‰ª π—°≈ß∑ÿπ·≈– ∂“∫—π°“√‡ß‘πµà“ßÊ ∑â “ ¬∑’Ë ÿ ¥ π’È º ¡„ππ“¡¢Õß§≥–°√√¡°“√∫√‘ …— ∑ „§√à ¢ Õ¢Õ∫§ÿ ≥ †ºŸâ ∂◊ Õ Àÿâ π †§≥–ºŸâ ∫ √‘ À “√†æπ— ° ß“π†√â “ π§â “ †≈Ÿ ° §â “ ∂“∫—π°“√‡ß‘π ºŸâ√à«¡∑ÿπ µ≈Õ¥®πºŸâ∑’Ë „Àâ°“√ π—∫ πÿπ¥â«¬¥’´÷Ëß∑ÿ°ΩÉ“¬¡’ à«π ”§—≠„π°“√ √â“ß§«“¡ ”‡√Á®„π°“√¥”‡π‘πß“π ¢Õß∫√‘…—∑†º¡¡—Ëπ„®«à“∫√‘…—∑†‡´Áπ∑√—≈æ—≤π“†®”°—¥†(¡À“™π)†®– “¡“√∂√—°…“Õ—µ√“°“√‡®√‘≠‡µ‘∫‚µ¢Õß∫√‘…—∑·≈–§«“¡‡ªìπ ºŸâ π”¥â “ π∏ÿ √ °‘ ® æ— ≤ π“Õ — ß À“√‘ ¡ ∑√— æ ¬å ¥â “ π§â “ ª≈’ ° †µ≈Õ¥®π √â “ ß¡Ÿ ≈ §à “ ‡æ‘Ë ¡ „Àâ · °à ºŸâ ∂◊ Õ Àÿâ π ‰¥â Õ ¬à “ ßµà Õ ‡π◊Ë Õ ßµ≈Õ¥‰ª

(«— π ™— ¬ †®‘ √ “∏‘ «— ≤ πå ) ª√–∏“π°√√¡°“√

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Chairman Statement

2003†was†a†year†of†continuing†growth†for†Central†Pattana†Public†Company†Limited†(CPN) as†a†result†of†the†opening†of†Central†Plaza†Rama†II,†the†acquisition†of†the†Central†World†Plaza (December†2002)†and†the†opening†Phase†2B†of†the†Central†Airport†Plaza†Chiang†Mai†(April†2003). These†openings†and†acquisition†contributed†significant†growth†in†rental†and†service†income,†and net†profits†in†2003†which rose by†44% and 26%, respectively, over 2002. In†addition†to†the†successful†openings†of†new†projects†and†continuous†growth†in†revenues and†profits†during†the†last†4†-†5†years,†CPN†has†been†improving†quality†of†its†shopping†center†all†along. CPN†is†currently†renovating†the†Central†World†Plaza†as†a†modern†mixed-use†complex†and†this program†will†be†fully†completed†in†2006.†The†first†milestone†of†this†project†will†come†in†September†2004 when†the†Central†World†Tower†office†building†will†be†finished†and†will†begin†to†increase†customer†flows to further support the complex. In†December†2003,†CPN†has†acquired†the†former†Siam†Jusco†Rattanathibet,†which was†a different†format†from†its†existing†shopping†centers.†This†acquisition†created†an†opportunity†to†expand market†share†and establish a firm customer base in the north western area of Bangkok.†It†also†included a large vacant plot of land†suitable for the future development of a†large-scale project. During†the†continuing†expansion†of†CPN,†the†company†has†enjoyed†cordial†relationships†with numerous†financial†institutions†and†has†maintained†a†policy†limiting†debt†to†equity†ratio†of†1:1†in†order to†ensure†sustainable†growth†in†the†long†run.†To†comply†with†this†policy,†CPN†increased†its†capital by†Baht†1,000†million†by†way†of†new†shares†sold†to†the†Thailand†Equity†Fund†in†July†2003.†Investors†in the†Thailand†Equity†Fund†include†leading†international†and†Thai†institutions†such†as†the†International Finance†Corporation,†CalPERS†(the†California†Public†Employees†Retirement†System)†and†the†Asian Development†Bank.†The†Fund†has†nominated†1†Director†to†the†Board†of†CPN.†This†investor†is†well†positioned to†source†business†partners†for†CPN†through†their†combined†global†networks†and†assist†in†future capital†market activities. Throughout†2004,†CPN†will†continue†to†strive†for†improvement†in†its†management†systems in†accordance†with†the†good†corporate†governance†and†codes†of†best†business†practices†in†order to†ensure†the†highest†levels†of†transparency†and†investor†confidence,†both†public†and†institutional. Finally,†on†behalf†of†the†Board†of†Directors†of†CPN,†I†would†like†to†extend†my†sincere†thanks to†our†shareholders,†tenants†and†customers,†business†partners†and†financial†institutions,†and†our management†and†staff†for†the†support†and†contributions†they†have†made†to†make†our†company†successful. I†am†confident†that†CPN†will†maintain†its,†leading†position†in†the†Thai†retail†property†business†and†will continue†to†create†sustainable†added†value†for†all†shareholders†for†many†years†to†come.

Vanchai Chirathivat Chairman

Board of Directors §≥–°√√¡°“√∫√‘…—∑ ............................................................................................................12

Audit Commitee §≥–°√√¡°“√µ√«® Õ∫ ...................................................................................................17

Executive Committee & Management Team §≥–°√√¡°“√∫√‘À“√¢Õß∫√‘…—∑·≈–ºŸâ∫√‘À“√ ....................................................18

Organization Chart º—ßÕß§å°√∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®Ì“°—¥ (¡À“™π) ........................................ 22

Audit Committee Report √“¬ß“π®“°ª√–∏“π§≥–°√√¡°“√µ√«® Õ∫ ................................................. 24

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§≥–°√√¡°“√∫√‘…—∑ Board of Directors

π“¬«—π™—¬†®‘√“∏‘«—≤πå Mr. Vanchai Chirathivat µ”·Àπàß : ª√–∏“π°√√¡°“√ / Chairman ªí®®ÿ∫—π : - ª√–∏“π∫√‘À“√∫√‘…—∑„π‡§√◊Õ‡´Áπ∑√—≈ - ª√–∏“π°√√¡°“√ ∫√‘…—∑ Àâ“ß‡´Áπ∑√—≈¥’æ“√å∑‡¡π∑å ‚µ√å ®”°—¥ - ª√–∏“π°√√¡°“√ ∫√‘…—∑ ‡´Áπ∑√—≈‡∑√¥¥‘Èß ®”°—¥ - ª√–∏“π°√√¡°“√ ∫√‘…—∑ ‚√ß·√¡‡´Áπ∑√—≈æ≈“´“ ®”°—¥ (¡À“™π) - ª√–∏“π°‘µµ‘¡»—°¥‘Ï∂“«√ ¡Ÿ≈π‘∏‘ àß‡ √‘¡»’≈∏√√¡ - √Õßª√–∏“π¡Ÿ≈π‘∏‘ ‚√ßæ¬“∫“≈‡∑’¬πøÑ“ - °√√¡°“√ àß‡ √‘¡°“√≈ß∑ÿπ°“√§â“‰∑¬ - ®’π - π“¬°°‘µµ‘¡»—°¥‘Ï∂“«√ ¡“§¡‰ÀÀπ”·Ààßª√–‡∑»‰∑¬ - ∑’Ëª√÷°…“√Õßπ“¬°√—∞¡πµ√’ (π“¬‚¿§‘π†æ≈°ÿ≈)

π“¬‡Õπ° ‘∑∏‘ª√–»“ πå Mr. Anek Sithiprasasana µ”·Àπàß : √Õßª√–∏“π°√√¡°“√ Vice Chairman ª√– ∫°“√≥å : - √—∞¡πµ√’™à«¬«à“°“√°√–∑√«ß¡À“¥‰∑¬ - ª√–∏“π°√√¡°“√ Õß§å°“√ ◊ËÕ “√¡«≈™π·Ààßª√–‡∑»‰∑¬ - ª≈—¥ ”π—°π“¬°√—∞¡πµ√’ - ª≈—¥°√–∑√«ß¡À“¥‰∑¬ - Õ∏‘∫¥’°√¡°“√ª°§√Õß - ºŸâ«à“√“™°“√®—ßÀ«—¥π§√»√’∏√√¡√“™ - ºŸâ«à“√“™°“√®—ßÀ«—¥Õÿ¥√∏“π’

π“¬ ÿ∑∏‘™—¬ ®‘√“∏‘«—≤πå Mr. Suthichai Chirathivat µ”·Àπàß : °√√¡°“√ / Director ªí®®ÿ∫—π : - ª√–∏“π°√√¡°“√∫√‘À“√∫√‘…—∑„π‡§√◊Õ‡´Áπ∑√—≈ - °√√¡°“√∫√‘À“√ ∫√‘…—∑ ‚æ µåæ—∫≈‘™™‘Ëß ®”°—¥ (¡À“™π) - °√√¡°“√∫√‘À“√ ∫√‘…—∑ ‚√ß·√¡‡´Áπ∑√—≈æ≈“´“ ®”°—¥ (¡À“™π) - °√√¡°“√ ∫√‘…—∑ √Õ¬—≈ªÕ√å´‡≈π ®”°—¥

ª√– ∫°“√≥å : - √Õßª√–∏“π°√√¡°“√∫√‘À“√·≈– ª√–∏“πÕ”π«¬°“√ΩÉ“¬°“√‡ß‘π·≈–∫—≠™’ ∫√‘…∑— „π‡§√◊Õ‡´Áπ∑√—≈ - ºŸâ™à«¬ºŸâ®—¥°“√„À≠à ∫√‘…—∑ Àâ“ß‡´Áπ∑√—≈ ¥’æ“√å∑‡¡π∑å ‚µ√å ®”°—¥ - ºŸâ®—¥°“√ “¢“ Àâ“ß‡´Áπ∑√—≈ “¢“ ’≈¡ - ºŸâ™à«¬ºŸâ®—¥°“√ “¢“ Àâ“ß‡´Áπ∑√—≈ “¢“ ’≈¡

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§≥–°√√¡°“√∫√‘…—∑ Board of Directors

π“¬‰æ±Ÿ√¬å ∑«’º≈ Mr. Paitoon Taveebhol µ”·Àπàß : °√√¡°“√Õ‘ √– ·≈–ª√–∏“π°√√¡°“√µ√«® Õ∫ Independent Director and Chairman of Audit Committee ªí®®ÿ∫—π : - Õÿªπ“¬° ¡“§¡π—°∫—≠™’ ·≈–ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ·Ààßª√–‡∑»‰∑¬ - ª√–∏“π Àæ—π∏åπ—°∫—≠™’Õ“‡´’¬π

ª√– ∫°“√≥å : - °√√¡°“√ºŸâÕ”π«¬°“√ ∫√‘…—∑ ∑’Ëª√÷°…“∏ÿ√°‘® Õ“√å‡∏Õ√å ·Õπ ‡§Õ√å‡´àπ ®”°—¥ - °√√¡°“√ ∫√‘…—∑ ”π—°ß“π ‡Õ ®’ «’ ≥ ∂≈“ß ®”°—¥ - Õÿªπ“¬° ¡“§¡µ√«® Õ∫¿“¬„π ·Ààßª√–‡∑»‰∑¬ - ‡≈¢“∏‘°“√·≈–°√√¡°“√ ¡“§¡π—°∫—≠™’ ·≈–ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ·Ààßª√–‡∑»‰∑¬ - ‡≈¢“∏‘°“√ Àæ—π∏åπ—°∫—≠™’Õ“‡´’¬π

π“¬®—°°å™—¬ æ“π‘™æ—≤πå Mr. Chakchai Panichapat µ”·Àπàß : °√√¡°“√Õ‘ √– ·≈–°√√¡°“√µ√«® Õ∫ Independent Director and Audit Committee

π“ß ÿπ—π∑“ µÿ≈¬∏—≠ Ms. Sunandha Tulayadhan µ”·Àπàß : °√√¡°“√Õ‘ √– ·≈–°√√¡°“√µ√«® Õ∫ Independent Director and Audit Committee

ªí®®ÿ∫—π :

- ª√–∏“π°√√¡°“√ ∫√‘…—∑ æ√‘´‘æ“√å∑ ®”°—¥ - ª√–∏“π°√√¡°“√∫√‘À“√ ∫√‘…∑— †Õ¡µ–´‘µ’È†®”°—¥ - °√√¡°“√ ∫√‘…—∑ À¬Ÿ‡π’Ë¬π ®”°—¥ (¡À“™π) - °√√¡°“√ ∫√‘…—∑ ‡∑æ∏“π’°√’±“ ®”°—¥ (¡À“™π) - °√√¡°“√ ∫√‘…—∑ ‰∑¬≈‘ø∑åÕ‘π¥— µ√’ å ®”°—¥ (¡À“™π) - °√√¡°“√ ∫√‘…—∑ ‡§ Õ“√å æ√‘´‘™—Ëπ ®”°—¥ (¡À“™π) - °√√¡°“√ ∫√‘…—∑ °—π¬ßÕ’‡≈§∑√‘° ®”°—¥ (¡À“™π)

- ª√–∏“π°≈ÿà¡∫√‘…—∑ WPP ª√–‡∑»‰∑¬ ·≈–‡«’¬µπ“¡

ª√– ∫°“√≥å : - √Õß‡≈¢“∏‘°“√ §≥–°√√¡°“√ àß‡ √‘¡°“√≈ß∑ÿπ - °√√¡°“√æ—≤π“«‘∑¬“»“ µ√å ·≈–‡∑§‚π‚≈¬’·Ààß™“µ‘ °√–∑√«ß«‘∑¬“»“ µ√å‡∑§‚π‚≈¬’ ·≈– ‘Ëß·«¥≈âÕ¡ - °√√¡°“√°“√ª√–°Õ∫∏ÿ√°‘®§πµà“ß¥â“« °√–∑√«ßæ“≥‘™¬å - °√√¡°“√°“√π‘§¡Õÿµ “À°√√¡ ·Ààßª√–‡∑»‰∑¬

ª√– ∫°“√≥å : - ª√–∏“π°≈ÿà¡ ∫√‘…—∑ ‚Õ°‘≈«’Ë ·Õπ¥å ‡¡‡∏Õ√å ª√–‡∑»‰∑¬ ·≈–‡«’¬µπ“¡ - °√√¡°“√∫√‘À“√ ‚Õ°‘≈«’Ë ·Õπ¥å ‡¡‡∏Õ√å ¿“§æ◊Èπ‡Õ‡´’¬ ·ª´‘øî§ - °√√¡°“√∫Õ√å¥ ‚Õ°‘≈«’Ë ·Õπ¥å ‡¡‡∏Õ√å ‡«‘≈¥å«“¬¥å

PAGE 014

§≥–°√√¡°“√∫√‘…—∑ Board of Directors

π“¬ ÿ∑∏‘‡°’¬√µ‘ ®‘√“∏‘«—≤πå Mr. Suthikiati Chirathivat µ”·Àπàß : °√√¡°“√ / Director

π“¬ ÿ∑∏‘™“µ‘ ®‘√“∏‘«—≤πå Mr. Suthichart Chirathivat µ”·Àπàß : °√√¡°“√ / Director

π“¬ ÿ∑∏‘»—°¥‘Ï ®‘√“∏‘«—≤πå Mr. Sudhisak Chirathivat µ”·Àπàß : °√√¡°“√ / Director

ªí®®ÿ∫—π :

ªí®®ÿ∫π— :

- ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√ ‚√ß·√¡√’ Õ√å∑ ·≈–ø“ µåøŸÑ¥„π‡§√◊Õ‡´Áπ∑√—≈ - √Õßª√–∏“π°√√¡°“√∫√‘À“√ ∫√‘…∑— „π‡§√◊Õ‡´Áπ∑√—≈ - ª√–∏“π°√√¡°“√∫√‘À“√ Àπ—ß ◊Õæ‘¡æå∫“ß°Õ°‚æ µå ·≈– Àπ—ß ◊Õæ‘¡æå ‚æ µå∑Ÿ‡¥¬å

- ª√–∏“π°√√¡°“√ ∫√‘…—∑ ∫‘Í°´’´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) - °√√¡°“√·≈–‡À√—≠≠‘° ¡“§¡°’Ã“∫‘≈‡≈’¬¥·Ààßª√–‡∑»‰∑¬ - °√√¡°“√ ∫√‘…—∑ ‡¥Õ–«‘π‡∑® §≈—∫ ®”°—¥

ª√– ∫°“√≥å :

- ºŸâ™à«¬ºŸâ®—¥°“√ ∫√‘…—∑ ‡´Áπ∑√—≈‡∑√¥¥‘Èß ®”°—¥ - √ÕßºŸ®â —¥°“√„À≠à ∫√‘…—∑ Àâ“ß‡´Áπ∑√—≈¥’æ“√å∑‡¡π∑å ‚µ√å ®”°—¥ - ‡ªìπÀπ÷Ëß„πºŸâ√‘‡√‘Ë¡‚§√ß°“√ »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ æ≈“´“ ≈“¥æ√â“« - ‡ªìπºŸâπ”‡¢â“ ·≈–‡ªìπºŸâ√‘‡√‘Ë¡‡ªìπ§π·√° ∑’Ëπ”∫“√å ‚§â¥¡“„™â „πª√–‡∑»‰∑¬ - ‡ªìπºŸâ°àÕµ—Èß ·≈–π“¬° ¡“§¡ ºŸâ§â“ª≈’°Àâ“ß √√æ ‘π§â“ - ‡ªìπºŸâ√‘‡√‘Ë¡√–∫∫·ø√π‰™ å „π¥â“π Õ“À“√‡ªìπ§π·√°„πª√–‡∑» ‡™àπ KFC, Mister Donut, Baskin Robbins

- ª√–∏“π ¡“§¡ºŸâ§â“ª≈’°‰∑¬ - ª√–∏“π§≥–°√√¡°“√∏ÿ√°‘®°“√§â“ª≈’° ÀÕ°“√§â“‰∑¬ - ∑’Ëª√÷°…“ ¿“ÀÕ°“√§â“·Ààßª√–‡∑»‰∑¬ - °√√¡°“√·≈–‡À√—≠≠‘° ¡Ÿ≈π‘∏‘‡æ◊ËÕ ‘Ëß·«¥≈âÕ¡

- °√√¡°“√∫√‘À“√ ∫√‘…—∑°≈ÿà¡‡´Áπ∑√—≈ ®Ì“°—¥ - °√√¡°“√·≈–°√√¡°“√∫√‘À“√ ∫√‘…—∑ ‚√ß·√¡‡´Áπ∑√—≈æ≈“´“ ®Ì“°—¥ (¡À“™π) - °√√¡°“√ ∫√‘…∑— †‡´Áπ∑√—≈√’‡∑≈§Õ√åªÕ‡√™—πË †®”°—¥ - °√√¡°“√ ∫√‘…—∑ ‡´Áπ∑√—≈√’‡∑≈≈Õ®‘ µ‘° å ®”°—¥ - °√√¡°“√ ∫√‘…∑— Àâ“ß √√æ ‘π§â“‡™’¬ß„À¡à†®”°—¥ - °√√¡°“√ ∫√‘…∑— †‡´Áπ∑√—≈°“‡¡π∑å·ø§∑Õ√’†Ë ®”°—¥ - °√√¡°“√ ∫√‘…—∑ ´’‡∑√§ “°≈ ®”°—¥ - °√√¡°“√ ∫√‘…—∑ ‡´Áπ∑√—≈‡∑√¥¥‘Èß ®”°—¥ - °√√¡°“√ ∫√‘…∑— †‡´Áπ∑√—≈¡“√å‡°Áµµ‘ßÈ °√ÿªä †®”°—¥

µ”·Àπàß∑“ß —ß§¡ :

ª√– ∫°“√≥å :

- °√√¡°“√ ¡“§¡Õ— —¡™—≠ - √Õßª√–∏“π§≥–°√√¡°“√ ∂“∫—π —≠≈—°…≥å√À— ·Ààßª√–‡∑»‰∑¬ - ∑’Ëª√÷°…“ ¿“Õÿµ “À°√√¡·Ààßª√–‡∑»‰∑¬ - ∑’Ëª√÷°…“°‘µ‘¡»—°¥‘Ï¢Õß ¡“§¡ºŸâ®—¥æ‘¡æå ·≈–ºŸâ®Ì“Àπà“¬Àπ—ß ◊Õ·Ààßª√–‡∑»‰∑¬ - °√√¡°“√ ¡“§¡°“√§â“‰∑¬Õÿµ “À°√√¡ ‡æ◊ËÕ°“√∑àÕß‡∑’Ë¬« - °√√¡°“√∑’Ëª√÷°…“ ¡“§¡ Y.M.C.A. °√ÿß‡∑æœ - °√√¡°“√ ¡“§¡‚√ß·√¡‰∑¬ - °√√¡°“√ ¡“§¡°“√§â“‰∑¬‰ÀÀ≈Ì“ - °√√¡°“√„π§≥–°√√¡°“√ª√–™“ —¡æ—π∏å ·≈–«“√ “√ÀÕ°“√§â“‰∑¬ - ¡“™‘° ¡“§¡π—°‡√’¬π‡°à“Õ—ß°ƒ…

- ª√–∏“π°√√¡°“√∫√‘À“√ ∫√‘…—∑ ‡´Áπ∑√—≈¡“√å‡°Áµµ‘Èß°√ÿäª ®”°—¥ - °√√¡°“√ºŸ®â ¥— °“√ ∫√‘…—∑ ‡´Áπ∑√—≈°“‡¡π∑å·ø§∑Õ√’Ë ®”°—¥ - °√√¡°“√ºŸ®â ¥— °“√ ∫√‘…—∑ ª√‘≠≠åÕ‘π‡µÕ√å‡∑√¥ ®”°—¥

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§≥–°√√¡°“√∫√‘…—∑ Board of Directors

π“¬ ÿ∑∏‘∏√√¡ ®‘√“∏‘«—≤πå Mr. Sudhitham Chirathivat µ”·Àπàß : °√√¡°“√ / Director

π“¬§√√™‘µ ∫ÿπ–®‘π¥“ Mr. Kanchit Bunajinda µ”·Àπàß : °√√¡°“√ / Director

π“¬ ÿ∑∏‘‡¥™ ®‘√“∏‘«—≤πå Mr. Sudthidej Chirathivat µ”·Àπàß : °√√¡°“√ / Director

ªí®®ÿ∫—π :

- °√√¡°“√∫√‘À“√ - ªØ‘∫—µ‘°“√ ∫√‘…—∑ °≈ÿà¡‡´Áπ∑√—≈ ®”°—¥ - °√√¡°“√ ∫√‘…—∑ ∑’∑’·Õπ¥å∑’ ®”°—¥ (¡À“™π) - ª√–∏“π°√√¡°“√ ∫√‘…—∑ ‡Õ‘√å∏·§√å ®”°—¥ (The Body Shop) - °√√¡°“√∫√‘À“√∫√‘…—∑ ‡¥Õ–«‘π‡∑® §≈—∫ ®Ì“°—¥ ( π“¡°Õ≈åø The Vintage Club)

ª√– ∫°“√≥å :

- √Õß°√√¡°“√ºŸâ®—¥°“√ ∫√‘…—∑ ‰æ√‡«∑ Õ‘§‘«µ’È ‰∑¬·≈π¥å ®Ì“°—¥ ∫√‘…—∑„π‡§√◊Õ ≈Õ¡∫“√åµ Õ‘π‡« ‡¡π∑å °√ÿäª

- ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√„À≠à “¬ß“πæ—≤π“‚§√ß°“√ ·≈–∫√‘À“√ß“π°àÕ √â“ß ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) - ºŸÕâ ”π«¬°“√ΩÉ“¬¢“¬ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) - ºŸâ®—¥°“√ΩÉ“¬¢“¬ ∫√‘…—∑ ∫“ßπ“‡´Áπ∑√—≈æ√ÁÕæ‡æÕ√åµ’È ®”°—¥ - ºŸâÕ”π«¬°“√ ∫√‘…—∑ øŸÑ¥æ“√å§ ®”°—¥ - ºŸâÕ”π«¬°“√ΩÉ“¬¢“¬·≈–°“√µ≈“¥ ∫√‘…—∑ ‡´Áπ∑√—≈‡∑√¥¥‘Èß ®”°—¥

ª√– ∫°“√≥å : - ∑’Ëª√÷°…“√—∞¡πµ√’«à“°“√ °√–∑√«ßæ“≥‘™¬å - °√√¡°“√ºŸâ®—¥°“√„À≠à ·≈–ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) (æ.». 2533-2545) - √Õß°√√¡°“√ºŸâ®—¥°“√„À≠à / ª√–∏“πΩÉ“¬®—¥´◊ÈÕ ∫√‘…—∑ Àâ“ß‡´Áπ∑√—≈ ¥’æ“√å∑‡¡âπ∑å ‚µ√å ®”°—¥ (æ.». 2524-2535) - ºŸâÕ”π«¬°“√ΩÉ“¬¢“¬ ·≈– ºŸâÕ”π«¬°“√ΩÉ“¬°“√µ≈“¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (æ.». 2523-2533) - π“¬° ¡“§¡»Ÿπ¬å°“√§â“‰∑¬ (æ.». 2540-2545) - ª√–∏“π°√√¡°“√ ∫√‘…—∑ §Õøøïòæ“√å∑‡πÕ√å ®”°—¥ (Starbucks) - §≥–°√√¡°“√ °“√ª√–°Õ∫∏ÿ√°‘®¢Õß§πµà“ß¥â“« - π“¬° ‚¡ √‚√µ“√’Ë ∫“ß‡¢π - °√√¡°“√ ¿“ÀÕ°“√§â“‰∑¬

ª√– ∫°“√≥å : - ºŸâÕÌ“π«¬°“√ΩÉ“¬Õ“«ÿ‚ ΩÉ“¬«“π‘™∏π°‘® - À—«Àπâ“§≥–∑Ì“ß“π¥â“π°“√§«∫√«¡°‘®°“√ ∫√‘…—∑ À≈—°∑√—æ¬å ‡¡Õ√‘≈ ≈‘π´å ¿—∑√ ®Ì“°—¥ (ªí®®ÿ∫—π‡ª≈’Ë¬π™◊ËÕ‡ªìπ ∫√‘…—∑ À≈—°∑√—æ¬å¿—∑√ ®Ì“°—¥)

PAGE 016

§≥–°√√¡°“√∫√‘…—∑ Board of Directors

π“¬ª√‘≠≠å ®‘√“∏‘«—≤πå Mr. Prin Chirathivat µ”·Àπàß : °√√¡°“√ / Director

π“¬°Õ∫™—¬ ®‘√“∏‘«—≤πå Mr. Kobchai Chirathivat µ”·Àπàß : °√√¡°“√ / Director

π“ß “« ÿ«‘¡≈ ®÷ß‚™µ‘°–æ‘»‘∞ Ms. Suwimon Chungjotikapisit µ”·Àπàß : °√√¡°“√ / Director

ªí®®ÿ∫—π :

- °√√¡°“√∫√‘À“√ ∫√‘…—∑ °≈ÿà¡‡´Áπ∑√—≈ ®”°—¥ - °√√¡°“√∫√‘À“√·≈–°√√¡°“√ ∫√‘…—∑ ‡´Áπ∑√—≈√’‡∑≈ §Õ√åªÕ‡√™—Ëπ ®”°—¥ - °√√¡°“√∫√‘À“√ ∫¡®. Õ‘π‡µÕ√å ‰≈øá ®ÕÀåπ·Œπ§Õ¥ ª√–°—π™’«‘µ - °√√¡°“√∫√‘À“√ ∫√‘…—∑† √√æ ‘π§â“‡´Áπ∑√—≈†®”°—¥ - °√√¡°“√∫√‘À“√ ∫√‘…—∑ ·ø∫√‘§°â“ ®”°—¥ - °√√¡°“√ ∫√‘…—∑ ∏π¡‘µ√ ·ø§µÕ√‘Ëß ®”°—¥ - °√√¡°“√ ∫√‘…—∑ Õ‘π∑√ª√–°—π¿—¬ ®”°—¥ (¡À“™π) - °√√¡°“√ ∫√‘…—∑ ¡“≈’ “¡æ√“π ®”°—¥ (¡À“™π) - °√√¡°“√∫√‘…—∑ ‡®‡πÕ√—≈ §“√å¥ ‡´Õ√å«‘ ‡´ ®”°—¥ - °√√¡°“√∫√‘À“√·≈–°√√¡°“√ ∫√‘…—∑ ‚√ß·√¡‡´Áπ∑√—≈æ≈“´“ ®”°—¥ (¡À“™π) - °√√¡°“√∫√‘…—∑À≈—°∑√—æ¬å ∫—«À≈«ß ®Ì“°—¥

- °√√¡°“√ ∫√‘…—∑ ‡´Áπ∑√—≈‚Œ≈¥‘Èß ®”°—¥

- °√√¡°“√¡Ÿ≈π‘∏‘‡æ◊ËÕ ‘Ëß·«¥≈âÕ¡

ª√– ∫°“√≥å :

- √Õß°√√¡°“√ºŸâ®—¥°“√„À≠à ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) - ºŸâÕ”π«¬°“√Õ“«ÿ‚ ΩÉ“¬æ—≤π“∏ÿ√°‘® ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) - ºŸâÕ”π«¬°“√ΩÉ“¬Õ“§“√·≈–∑√—æ¬å ‘π ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) - √Õß°√√¡°“√ºŸâ®—¥°“√ ∫√‘…—∑ ‡´Áπ∑√—≈‡∑√¥¥‘Èß ®”°—¥ - ºŸâ®—¥°“√ΩÉ“¬°“√µ≈“¥ ∫√‘…—∑ ‡´Áπ∑√—≈‡∑√¥¥‘Èß ®”°—¥ - ºŸâ™à«¬ºŸâ®—¥°“√ “¢“ ∫√‘…—∑ ‡´Áπ∑√—≈‡∑√¥¥‘Èß ®”°—¥

- ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√„À≠à “¬ß“π∫√‘À“√∑√—æ¬å π‘ - ºŸÕâ ”π«¬°“√ΩÉ“¬¢“¬ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) - ºŸâÕ”π«¬°“√ΩÉ“¬°“√µ≈“¥ ·≈–ª√–™“ —¡æ—π∏å ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) - ºŸâ®—¥°“√·ºπ° àß‡ √‘¡°“√¢“¬ ·≈–‚¶…≥“ ∫√‘…—∑ ‡´Áπ∑√—≈ ¥’æ“√å∑‡¡π∑å ‚µ√å ®”°—¥

ª√– ∫°“√≥å : - ‡®â“Àπâ“∑’ΩË “É ¬«“≥‘™∏π°‘® ∫¡®. ‡ß‘π∑ÿπÀ≈—°∑√—æ¬å ∏π™“µ‘

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§≥–°√√¡°“√µ√«® Õ∫ Audit Committee

π“¬‰æ±Ÿ√¬å ∑«’º≈ Mr. Paitoon Taveebhol µ”·Àπàß : ª√–∏“π§≥–°√√¡°“√µ√«® Õ∫ Chairman of Audit Committee

π“¬®—°°å™—¬ æ“π‘™æ—≤πå Mr. Chakchai Panichapat µ”·Àπàß : °√√¡°“√µ√«® Õ∫ Audit Committee

π“ß ÿπ—π∑“ µÿ≈¬∏—≠ Ms. Sunandha Tulayadhan µ”·Àπàß : °√√¡°“√µ√«® Õ∫ Audit Committee

ªí®®ÿ∫—π :

- ª√–∏“π°≈ÿà¡∫√‘…—∑ WPP ª√–‡∑»‰∑¬ ·≈–‡«’¬µπ“¡

- Õÿªπ“¬° ¡“§¡π—°∫—≠™’ ·≈–ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ·Ààßª√–‡∑»‰∑¬ - ª√–∏“π Àæ—π∏åπ—°∫—≠™’Õ“‡´’¬π

PAGE 018

§≥–°√√¡°“√∫√‘À“√¢Õß∫√‘…—∑†·≈–ºŸâ∫√‘À“√ Executive†Committee†&†Management†Team

π“¬ ÿ∑∏‘™—¬ ®‘√“∏‘«—≤πå Mr. Suthichai Chirathivat µ”·Àπàß : ª√–∏“π°√√¡°“√∫√‘À“√ Executive Chairman

π“¬ ÿ∑∏‘‡°’¬√µ‘ ®‘√“∏‘«—≤πå Mr. Suthikiati Chirathivat µ”·Àπàß : √Õßª√–∏“π°√√¡°“√∫√‘À“√ Executive Vice Chairman

ªí®®ÿ∫—π :

- ª√–∏“π°√√¡°“√∫√‘À“√ ∫√‘…∑— „π‡§√◊Õ‡´Áπ∑√—≈ - °√√¡°“√∫√‘À“√ ∫√‘…—∑ ‚æ µåæ—∫≈‘™™‘Ëß ®”°—¥ (¡À“™π) - °√√¡°“√∫√‘À“√ ∫√‘…—∑ ‚√ß·√¡‡´Áπ∑√—≈æ≈“´“ ®”°—¥ (¡À“™π) - °√√¡°“√ ∫√‘…—∑ √Õ¬—≈ªÕ√å´‡≈π ®”°—¥

ª√– ∫°“√≥å : - ºŸâ™à«¬ºŸâ®—¥°“√ “¢“ Àâ“ß‡´Áπ∑√—≈ “¢“ ’≈¡ - ºŸ®â —¥°“√ “¢“ Àâ“ß‡´Áπ∑√—≈ “¢“ ’≈¡ - ºŸ™â à«¬ºŸâ®—¥°“√„À≠à ∫√‘…—∑ Àâ“ß‡´Áπ∑√—≈ ¥’æ“√å∑‡¡π∑å ‚µ√å ®”°—¥ - √Õßª√–∏“π°√√¡°“√∫√‘À“√·≈– ª√–∏“πÕ”π«¬°“√ΩÉ“¬°“√‡ß‘π·≈–∫—≠™’ ∫√‘…∑— „π‡§√◊Õ‡´Áπ∑√—≈

ªí®®ÿ∫—π :

ª√– ∫°“√≥å : - ºŸâ™à«¬ºŸâ®—¥°“√ ∫√‘…—∑ ‡´Áπ∑√—≈‡∑√¥¥‘Èß ®”°—¥ - √ÕßºŸ®â —¥°“√„À≠à ∫√‘…—∑ Àâ“ß‡´Áπ∑√—≈¥’æ“√å∑‡¡π∑å ‚µ√å ®”°—¥ - ‡ªìπÀπ÷Ëß„πºŸâ√‘‡√‘Ë¡‚§√ß°“√ »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ æ≈“´“ ≈“¥æ√â“« - ‡ªìπºŸâπ”‡¢â“ ·≈–‡ªìπºŸâ√‘‡√‘Ë¡‡ªìπ§π·√° ∑’Ëπ”∫“√å ‚§â¥¡“„™â „πª√–‡∑»‰∑¬ - ‡ªìπºŸâ°àÕµ—Èß ·≈–π“¬° ¡“§¡ ºŸâ§â“ª≈’°Àâ“ß √√æ ‘π§â“ - ‡ªìπºŸâ√‘‡√‘Ë¡√–∫∫·ø√π‰™ å „π¥â“π Õ“À“√‡ªìπ§π·√°„πª√–‡∑» ‡™àπ KFC, Mister Donut, Baskin Robbins

µ”·Àπàß∑“ß —ß§¡ : - °√√¡°“√ ¡“§¡Õ— —¡™—≠ - √Õßª√–∏“π§≥–°√√¡°“√ ∂“∫—π —≠≈—°…≥å√À— ·Ààßª√–‡∑»‰∑¬ - ∑’Ëª√÷°…“ ¿“Õÿµ “À°√√¡·Ààßª√–‡∑»‰∑¬ - ∑’Ëª√÷°…“°‘µ‘¡»—°¥‘Ï¢Õß ¡“§¡ºŸâ®—¥æ‘¡æå ·≈–ºŸâ®Ì“Àπà“¬Àπ—ß ◊Õ·Ààßª√–‡∑»‰∑¬ - °√√¡°“√ ¡“§¡°“√§â“‰∑¬Õÿµ “À°√√¡ ‡æ◊ËÕ°“√∑àÕß‡∑’Ë¬« - °√√¡°“√∑’Ëª√÷°…“ ¡“§¡ Y.M.C.A. °√ÿß‡∑æœ - °√√¡°“√ ¡“§¡‚√ß·√¡‰∑¬ - °√√¡°“√ ¡“§¡°“√§â“‰∑¬‰ÀÀ≈Ì“ - °√√¡°“√„π§≥–°√√¡°“√ª√–™“ —¡æ—π∏å ·≈–«“√ “√ÀÕ°“√§â“‰∑¬ - ¡“™‘° ¡“§¡π—°‡√’¬π‡°à“Õ—ß°ƒ…

π“¬ ÿ∑∏‘™“µ‘ ®‘√“∏‘«—≤πå Mr. Suthichart Chirathivat µ”·Àπàß : °√√¡°“√∫√‘À“√-∑√—æ¬“°√¡πÿ…¬å Executive Director Human Resources ªí®®ÿ∫—π : - ª√–∏“π°√√¡°“√ ∫√‘…—∑ ∫‘Í°´’´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) - °√√¡°“√·≈–‡À√—≠≠‘° ¡“§¡°’Ã“∫‘≈‡≈’¬¥·Ààßª√–‡∑»‰∑¬ - °√√¡°“√ ∫√‘…—∑ ‡¥Õ–«‘π‡∑® §≈—∫ ®”°—¥

ª√– ∫°“√≥å : - ª√–∏“π ¡“§¡ºŸâ§â“ª≈’°‰∑¬ - ª√–∏“π§≥–°√√¡°“√∏ÿ√°‘®°“√§â“ª≈’° ÀÕ°“√§â“‰∑¬ - ∑’Ëª√÷°…“ ¿“ÀÕ°“√§â“·Ààßª√–‡∑»‰∑¬ - °√√¡°“√·≈–‡À√—≠≠‘° ¡Ÿ≈π‘∏‘‡æ◊ËÕ ‘Ëß·«¥≈âÕ¡

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§≥–°√√¡°“√∫√‘À“√¢Õß∫√‘…—∑†·≈–ºŸâ∫√‘À“√ Executive†Committee†&†Management†Team

π“¬ ÿ∑∏‘»—°¥‘Ï ®‘√“∏‘«—≤πå Mr. Sudhisak Chirathivat µ”·Àπàß : °√√¡°“√∫√‘À“√ - ªØ‘∫—µ‘°“√ Executive Director - Operation

π“¬ ÿ∑∏‘∏√√¡ ®‘√“∏‘«—≤πå Mr. Sudhitham Chirathivat µ”·Àπàß : °√√¡°“√∫√‘À“√ - ªØ‘∫—µ‘°“√ Executive Director - Operation

π“¬ª√‘≠≠å ®‘√“∏‘«—≤πå Mr. Prin Chirathivat µ”·Àπàß : °√√¡°“√∫√‘À“√ - °“√‡ß‘π Executive Director - Finance

ªí®®ÿ∫π— :

ªí®®ÿ∫—π :

ª√– ∫°“√≥å : - ª√–∏“π°√√¡°“√∫√‘À“√ ∫√‘…—∑ ‡´Áπ∑√—≈¡“√å‡°Áµµ‘Èß°√ÿäª ®”°—¥ - °√√¡°“√ºŸ®â ¥— °“√ ∫√‘…—∑ ‡´Áπ∑√—≈°“‡¡π∑å·ø§∑Õ√’Ë ®”°—¥ - °√√¡°“√ºŸ®â ¥— °“√ ∫√‘…—∑ ª√‘≠≠åÕ‘π‡µÕ√å‡∑√¥ ®”°—¥

ª√– ∫°“√≥å : - ‡®â“Àπâ“∑’ΩË “É ¬«“≥‘™∏π°‘® ∫¡®. ‡ß‘π∑ÿπÀ≈—°∑√—æ¬å ∏π™“µ‘

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§≥–°√√¡°“√∫√‘À“√¢Õß∫√‘…—∑†·≈–ºŸâ∫√‘À“√ Executive†Committee†&†Management†Team

π“ß “« ÿ«‘¡≈ ®÷ß‚™µ‘°–æ‘»‘∞ Ms. Suwimon Chungjotikapisit µ”·Àπàß : √Õß°√√¡°“√ºŸâ®—¥°“√„À≠à “¬ß“π∫√‘À“√∑√—æ¬å ‘π Executive Vice President Operation Management

ªí®®ÿ∫—π :

π“¬ ÿ∑∏‘‡¥™ ®‘√“∏‘«—≤πå Mr. Sudthidej Chirathivat µ”·Àπàß : √Õß°√√¡°“√ºŸâ®—¥°“√„À≠à “¬ß“πæ—≤π“‚§√ß°“√·≈– ∫√‘À“√ß“π°àÕ √â“ß Executive Vice President Development & Construction

- °√√¡°“√ ∫√‘…—∑ ‡´Áπ∑√—≈‚Œ≈¥‘Èß ®”°—¥

ª√– ∫°“√≥å :

- °√√¡°“√¡Ÿ≈π‘∏‘‡æ◊ËÕ ‘Ëß·«¥≈âÕ¡

ª√– ∫°“√≥å :

π“¬°Õ∫™—¬ ®‘√“∏‘«—≤πå Mr. Kobchai Chirathivat µ”·Àπàß : °√√¡°“√ºŸâ®—¥°“√„À≠à ·≈– ª√–∏“π§≥–‡®â“Àπâ“∑’Ë∫√‘À“√ President and Chief Executive Officer

ªí®®ÿ∫—π :

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§≥–°√√¡°“√∫√‘À“√¢Õß∫√‘…—∑†·≈–ºŸâ∫√‘À“√ Executive†Committee†&†Management†Team

π“¬π√‘» ‡™¬°≈‘Ëπ Mr. Naris Cheyklin µ”·Àπàß : √Õß°√√¡°“√ºŸâ®—¥°“√„À≠à “¬ß“π°“√‡ß‘π·≈–∫—≠™’ Exeutive Vice President Finance & Accounting

π“¬ ÿ∑∏‘¿—§ ®‘√“∏‘«—≤πå Mr. Sudhipak Chirathivat µ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√„À≠àΩÉ“¬æ—≤π“∏ÿ√°‘® Senior Vice President - New Business Development

ª√– ∫°“√≥å :

- ºŸâ®—¥°“√Õ“«ÿ‚ ΩÉ“¬°“√∫—≠™’ ∏π“§“√π§√À≈«ß‰∑¬ ®”°—¥ (¡À“™π) - °√√¡°“√·≈–°√√¡°“√∫√‘À“√ ∫√‘…—∑ ¬“¡´‘µ’ÈÕ‘π™—«√—π å ®”°—¥ - °√√¡°“√·≈–ºŸâÕ”π«¬°“√ ΩÉ“¬°“√‡ß‘π·≈–∫√‘À“√ °≈ÿà¡∫√‘…—∑ ‰∑¬«“ ®”°—¥ (¡À“™π) - ºŸâÕ”π«¬°“√ΩÉ“¬∫—≠™’·≈–°“√‡ß‘π ∫√‘…—∑ ∏π“¬ß ®”°—¥ (¡À“™π) - Computer Audit Supervisor ∫√‘…—∑ ”π—°ß“π ‡Õ ®’«’ ≥ ∂≈“ß ®”°—¥

π“¬∏’√–™“µ‘ πÿ¡“π‘µ Mr. Terachart Numanit µ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√„À≠à “¬ß“πæ—≤π“‚§√ß°“√ ·≈–∫√‘À“√ß“π°àÕ √â“ß

π“ß«‘®‘µ√“ ‡¢¡≈“¿ Mrs. Wichitra Khemalaap µ”·Àπàß : ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√„À≠à ΩÉ“¬°“√µ≈“¥ Senior Vice President - Marketing.

Senior Vice President-Project Development & Construction

ª√– ∫°“√≥å :

Project Director, Itochu (Thailand) Special Project Director, K-Tech Construction & Engineering Co.,Ltd. Project Manager, New York City, Transit Authority, NYC. USA Project Engineer, Parson Brinckerhoff, New York City, USA

ºŸâÕ”π«¬°“√ΩÉ“¬æ—≤π“∏ÿ√°‘® ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) ºŸâ®—¥°“√Õ“«ÿ‚ ΩÉ“¬¢“¬·≈–°“√µ≈“¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√„À≠à ∫√‘…—∑ ‰∑¬Õ‘π‡µÕ√å‡π™—Ëπ·π≈ø“ µåøŸÑ¥ ®”°—¥ ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√„À≠à ∫√‘…—∑ ‡´Áπ∑√—≈°“‡¡π∑å·ø§∑Õ√’Ë ®”°—¥ ºŸâ®—¥°“√ΩÉ“¬°“√µ≈“¥ ∫√‘…—∑ ‡´Áπ∑√—≈°“√å‡¡π∑å·ø§∑Õ√’Ë ®”°—¥

Unilever, Best Foods, Regional VP-Brand Development for Asia-Knorr. Bangkok Public Relations, Associate Director. DYR-Wunderman, General Manager for Direct Marketing Division. American Express (Thai) Senior Card Marketing and Communications Manager. Diethelm & Co., Ltd. Consumer Products Division, Beiersdorf (Nivea) Department Manager.

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º—ßÕß§å°√ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®Ì“°—¥ (¡À“™π) Master Organization Chart Central Pattana Public Company Limited §≥–°√√¡°“√∫√‘…—∑ Board of Directors §≥–°√√¡°“√µ√«® Õ∫ AUDIT COMMITTEE

§≥–°√√¡°“√∫√‘À“√ Board of Executive Directors

Ì“π—°ß“πµ√«® Õ∫¿“¬„π INTERNAL AUDIT

°√√¡°“√ºŸâ ®— ¥ °“√„À≠à President & CEO

√Õß°√√¡°“√ºŸâ ®— ¥ °“√„À≠à “¬ß“π°“√‡ß‘π·≈–∫—≠™’ Executive Vice President Finance & Accounting

ΩÉ “ ¬∫— ≠ ™’ Accounting ·ºπ°°ÆÀ¡“¬ Legal

ΩÉ“¬°“√‡ß‘π (ªØ‘∫—µ‘°“√) Finance Operation

ΩÉ“¬°“√‡ß‘π Finance Treasury

ΩÉ“¬‡∑§‚π‚≈¬’ “√ π‡∑» Information Technology

ΩÉ “ ¬∑√— æ ¬“°√¡πÿ … ¬å Human Resources

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Total Staff

2000

2001

2002

2003

196 141 45 117 42 66 77 99 187 -

184 145 47 119 44 99 85 73 177 -

187 154 47 124 46 76 85 70 181 144 79 -

225 163 51 127 46 80 130 78 216 147 207 33

778

979

1,193

1,503

Head office Lardprao Ramindra Pinklao Pattaya Rama 3 Chiangmai Food Division Bangna Rama 2 World Trade Center Rattanathibet

TOTAL

Ì“π—°ß“π °√√¡°“√ºŸâ®—¥°“√„À≠à Office of the President

√Õß°√√¡°“√ºŸâ®—¥°“√„À≠à “¬ß“πæ—≤π“‚§√ß°“√·≈– ∫√‘À“√ß“π°àÕ √â“ß Executive Vice President Project Development & Construction ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√„À≠à “¬æ—≤π“‚§√ß°“√ ·≈–∫√‘À“√ß“π°àÕ √â“ß Senior Vice President Project Development & Construction

ΩÉ“¬æ—≤π“‚§√ß°“√ ·≈–∫√‘À“√ß“π°àÕ √â“ß Project Development & Construction

ΩÉ“¬æ—≤π“∏ÿ√°‘® New Business Development

√Õß°√√¡°“√ºŸâ ®— ¥ °“√„À≠à “¬ß“π∫√‘ À “√∑√— æ ¬å ‘ π Executive Vice President Property Management

ºŸâ™à«¬°√√¡°“√ºŸâ®—¥°“√„À≠à ΩÉ“¬°“√µ≈“¥ Senior Vice President Maketing

ΩÉ“¬°“√µ≈“¥ Marketing

ΩÉ“¬ªØ‘∫—µ‘°“√»Ÿπ¬å°“√§â“ Shopping Center Operation

»Ÿπ¬å°“√§â“ 10 “¢“

·ºπ°°“√µ≈“¥ Marketing

·ºπ°ª√–™“ —¡æ—π∏å ·≈–≈Ÿ°§â“ —¡æ—π∏å Public Relations & Customer Relations

ΩÉ“¬ àß‡ √‘¡°“√¢“¬ Sales†Promotion

·ºπ° «’¥’ ‚Õ«Õ≈≈å VDO WALL

ΩÉ“¬¢“¬ Leasing

·ºπ° ÕÕ°·∫∫ Visual Merchandise

·ºπ° µ√«®·∫∫√â“π§â“ I.A. Tenants Co.

·ºπ° æ—≤π“°“√§â“ª≈’° Retail Development

·ºπ°æ—≤π“ ∏ÿ√°‘®Õ“À“√ Food Business Development

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√“¬ß“π®“°§≥–°√√¡°“√µ√«® Õ∫

‡√’ ¬ π

∑à “ πºŸâ ∂◊ Õ Àÿâ π †∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)

§≥–°√√¡°“√µ√«® Õ∫‰¥â √— ∫ °“√·µà ß µ—È ß ®“°§≥–°√√¡°“√¢Õß∫√‘ …— ∑ œ†µ—È ß ·µà «— π ∑’Ë † 9†°√°Æ“§¡†2545 ª√–°Õ∫¥â « ¬°√√¡°“√∑’Ë ¡’ § «“¡‡ªì π Õ‘ √–†3†∑à “ π†´÷Ë ß ‰¡à ¡’ à « π√à « ¡„π°“√∫√‘ À “√ß“π·≈–‰¡à ‰ ¥â ‡ ªì π ≈Ÿ ° ®â “ ß¢Õß∫√‘ …— ∑ †·≈– 1 „ππ—Èπ‡ªìπºŸâ¡’§«“¡√Ÿâ·≈–ª√– ∫°“√≥å¥â“π°“√∫—≠™’ °“√ªØ‘ ∫— µ‘ À πâ “ ∑’Ë ¢ Õß§≥–°√√¡°“√µ√«® Õ∫¡’ «— µ ∂ÿ ª √– ß§å ‡ æ◊Ë Õ „Àâ ∫ √‘ …— ∑ ¡’ ° “√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’ † ‡ªì π °“√ ‡ √‘ ¡ √â “ ßª√– ‘ ∑ ∏‘ ¿ “æ„π°“√¥”‡π‘ π °“√·≈–‡æ‘Ë ¡ ¡Ÿ ≈ §à “ „Àâ °— ∫ ∫√‘ …— ∑ †´÷Ë ß ªí ® ®— ¬ ”§— ≠ ∑’Ë π— ∫ πÿ π „Àâ ∫ √√≈ÿ «— µ ∂ÿ ª √– ß§å ¥— ß °≈à “ «‰¥â † °Á §◊ Õ †°“√∑’Ë § ≥–°√√¡°“√µ√«® Õ∫ “¡“√∂¢Õ¢â Õ ¡Ÿ ≈ ‰¥â ‚ ¥¬‰¡à ¡’ ¢â Õ ®”°— ¥ ·≈–ª√÷ ° …“À“√◊ Õ ‡ªì π °“√‡©æ“–°— ∫ ΩÉ “ ¬®— ¥ °“√ ”π— ° µ√«® Õ∫¿“¬„π·≈–ºŸâ Õ∫∫— ≠ ™’ ‰ ¥â Õ ¬à “ ß‡µÁ ¡ ∑’Ë † √«¡∑—È ß ¡’ Õ”π“®„π°“√«à “ ®â “ ßºŸâ ‡ ™’Ë ¬ «™“≠‡©æ“–¥â “ π¡“ ª√÷ ° …“À“√◊ Õ ·≈–„Àâ § «“¡‡ÀÁ π ‰¥â µ “¡∑’Ë æ‘ ® “√≥“‡ÀÁ π «à “ ®”‡ªì π „πªï † 2546†§≥–°√√¡°“√µ√«® Õ∫¡’ ° “√ª√–™ÿ ¡ √«¡†12†§√—È ß †‡æ◊Ë Õ ªØ‘ ∫— µ‘ À πâ “ ∑’Ë °”°— ∫ ¥Ÿ · ≈°‘ ® °“√µ“¡¢Õ∫‡¢µ §«“¡√— ∫ º‘ ¥ ™Õ∫∑’Ë ‰ ¥â √ –∫ÿ ‰ «â „ π¢â Õ ∫— ß §— ∫ ‡°’Ë ¬ «°— ∫ §≥–°√√¡°“√µ√«® Õ∫„Àâ Õ¥§≈â Õ ß°— ∫ ¢â Õ °”Àπ¥¢Õßµ≈“¥À≈— ° ∑√— æ ¬å ·Àà ß ª√–‡∑»‰∑¬†´÷Ë ß √ÿ ª ‰¥â ¥— ß π’È 1.† Õ∫∑“π·≈–„Àâ§«“¡‡ÀÁπ™Õ∫ß∫°“√‡ß‘π√“¬‰µ√¡“ ·≈–ª√–®”ªï†«à“‰¥â¡’°“√ªØ‘∫—µ‘µ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß ∑—Ë « ‰ª†¡’ ° “√‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ ∑’Ë ”§— ≠ †√“¬°“√∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π ·≈–√“¬°“√∑’Ë Õ “®°à Õ „Àâ ‡ °‘ ¥ §«“¡¢— ¥ ·¬â ß ∑“ßº≈ª√–‚¬™πå Õ¬à “ ß‡æ’ ¬ ßæÕ °à Õ π‡ πÕ§≥–°√√¡°“√∫√‘ …— ∑ ‡æ◊Ë Õ æ‘ ® “√≥“Õπÿ ¡— µ‘ † √«¡∑—È ß ‡ πÕ§«“¡§‘ ¥ ‡ÀÁ π µà Õ ·ºπ°“√µ√«® Õ∫·≈– º≈°“√µ√«® Õ∫¢ÕßºŸâ Õ∫∫—≠™’ 2.†æ‘ ® “√≥“·≈–‡ πÕ·π–·ºπ°“√µ√«® Õ∫ª√–®”ªï · ≈–√“¬ß“πº≈°“√µ√«® Õ∫¢Õß ”π— ° µ√«® Õ∫¿“¬„π °”°— ∫ ¥Ÿ · ≈ß“πµ√«® Õ∫¿“¬„π„Àâ ¡’ ª √– ‘ ∑ ∏‘ ¿ “æ¡“°¢÷È π ·≈–‡ªì π ‰ªµ“¡¡“µ√∞“π«‘ ™ “™’ æ “°≈†√«¡∑—È ß æ‘ ® “√≥“·≈–„Àâ ° “√ π— ∫ πÿ π ¥â “ πÕ— µ √“°”≈— ß ·≈–°“√æ— ≤ π“∫ÿ § ≈“°√ 3.† Õ∫∑“πΩÉ “ ¬®— ¥ °“√„Àâ ¡’ ° “√§«∫§ÿ ¡ ¥Ÿ · ≈Àπà « ¬ß“π¿“¬„πµà “ ßÊ†„Àâ ª Ø‘ ∫— µ‘ µ “¡°ØÀ¡“¬«à “ ¥â « ¬À≈— ° ∑√— æ ¬å ·≈–µ≈“¥À≈— ° ∑√— æ ¬å † ¢â Õ °”Àπ¥¢Õßµ≈“¥À≈— ° ∑√— æ ¬å · Àà ß ª√–‡∑»‰∑¬·≈–°ØÀ¡“¬∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— ∫ ∏ÿ √ °‘ ® ¢Õß∫√‘ …— ∑ Õ¬à “ ß ¡Ë” ‡ ¡Õ†‡æ◊Ë Õ „Àâ æ π— ° ß“π∑ÿ ° √–¥— ∫ µ√–Àπ— ° ∂÷ ß §«“¡ ”§— ≠ ¢Õß‡√◊Ë Õ ßπ’È 4.† Õ∫∑“π°“√‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ √“¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ßÀ√◊ Õ √“¬°“√∑’Ë Õ “®°à Õ „Àâ ‡ °‘ ¥ §«“¡¢— ¥ ·¬â ß ∑“ßº≈ª√–‚¬™πå 5.† π— ∫ πÿ π ·≈– à ß ‡ √‘ ¡ „Àâ ∫ √‘ …— ∑ ¡’ ° √–∫«π°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√·≈–°√–∫«π°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ßÕ¬à “ ß‡ªì π √–∫∫·≈–™— ¥ ‡®π¬‘Ë ß ¢÷È π 6.†æ‘ ® “√≥“‡ª√’ ¬ ∫‡∑’ ¬ ∫¢â Õ ‡ πÕß“π∫√‘ ° “√ Õ∫∫— ≠ ™’ · ≈–§à “ µÕ∫·∑π®“°∫√‘ …— ∑ Õ∫∫— ≠ ™’ À ≈“¬·Àà ß †·≈â « ®÷ ß „Àâ §«“¡§‘ ¥ ‡ÀÁ π ‡ªì π ·π«∑“ß„π°“√§— ¥ ‡≈◊ Õ °†®π‰¥â ‡ πÕ§≥–°√√¡°“√∫√‘ …— ∑ „Àâ · µà ß µ—È ß †∫√‘ …— ∑ †‰æ√´å « Õ‡µÕ√å ‡ Œ“ å † §Ÿ ‡ ªÕ√å ‡Õ∫’ ‡ Õ‡Õ †®”°— ¥ †‡ªì π ºŸâ Õ∫∫— ≠ ™’ ¢ Õß∫√‘ …— ∑ ”À√— ∫ ªï † 2547†µà Õ ‰ªÕ’ ° Àπ÷Ë ß ªï † ‡æ◊Ë Õ π”‡ πÕÕπÿ ¡— µ‘ µà Õ ∑’Ë ª √–™ÿ ¡ “¡— ≠ ºŸâ ∂◊ Õ Àÿâ π §≥–°√√¡°“√µ√«® Õ∫¡’ § «“¡‡ÀÁ π «à “ †∫√‘ …— ∑ œ†¡’ ° √–∫«π°“√®— ¥ ∑”·≈–°“√‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ „π√“¬ß“π∑“ß °“√‡ß‘ π ∑’Ë ‡ À¡“– ¡·≈–‡™◊Ë Õ ∂◊ Õ ‰¥â † √«¡∑—È ß ¡’ √ –∫∫§«∫§ÿ ¡ ¿“¬„π∑’Ë ‡ æ’ ¬ ßæÕ

(π“¬‰æ±Ÿ √ ¬å † ∑«’ º ≈) ª√–∏“π°√√¡°“√µ√«® Õ∫ 12 °ÿ¡¿“æ—π∏å 2547

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Audit Committee Report

To the Shareholders of Central Pattana Public Company Limited The†Audit†Committee†was†formally†appointed†by†the†Board†of†Directors†on†July†9†2002,†and comprises†of†three†independent†Directors†who†do†not†participate†in†the†day-to-day†operations†or management†of†the†company,†nor†are†they†employees†of†Central†Pattana†PCL.†One†committee†member has direct knowledge and experience in accounting. The†Audit†Committee†performs†its†duties†to†ensure†good†corporate†governance,†enhancement of†the†efficiency†of†operations†and†to†add†value†to†the†company.†In†order†for†the†Audit†Committee†to function†effectively,†the†company†has†fully†provided†it†with†all†necessary†information†and†it†is†empowered to†freely†discuss†all†matters†with†the†management,†internal†audit†department†and†external†auditors. Should†the†need†arise,†the†Audit†Committee†is†also†authorized†to†engage†or†invite†specialists†for consultation†and†to offer advice on any matter it may deem necessary. During†2003,†the†Audit†Committee†convened†12†meetings†and†has†rigorously†complied†with the†Audit†Committee†Charter†regarding†its†duties†and†responsibilities,†as†described†in†the†regulations of the†Stock Exchange of Thailand. These can be summarized, as follows: 1.†Timely†review†and†verification†of†the†Quarterly†and†Annual†Financial†Statements†before submission†to†the†Board†of†Directors†for†final†approval†and†offering†advice†and†observations†on†the†audit plan,†and†the†findings†of†the†external†auditor.†Key†considerations†were†ensuring†the†preparation†of†all reports†was†in†accordance†with†generally†accepted†accounting†principles†and†disclosure†of†all†important information,†particularly†with†regards†to†related†transactions†and†the†identification†of†any†potential conflicts of interest. 2.†Regular†monitoring†and†review†of†the†annual†audit†plan†and†reports†of†the†internal†audit department†to†ensure†continuous†maintenance†of†the†highest†professional†standards,†including†consideration of the manpower and personnel development plans. 3.†Review†to†ensure†that†management†effectively†supervises†all†responsible†departments†and employees†to†strictly†and†regularly†comply†with†the†rules†and†regulations†of†the†Stock†Exchange†of Thailand and all applicable laws and regulations. 4.†Review†of†disclosure†of†related†transactions†and†all†possible†conflicts†of†interest†transactions. 5.†Promotion†and†enhancement†of†good†corporate†governance†and†risk†management†processes within the company. 6.†Comparison†of†the†proposals†for†services†and†fees†from†certain†auditing†firms†and†giving advice†on†selection†criterions.†In†this†regard,†the†Audit†Committee†has†proposed†to†the†Board†of Directors†that†Pricewaterhouse†Coopers†ABAS†Co.,Ltd.†be†re-appointed†as†the†company's†auditor†for†the year†ending†December†31,†2004.†This†will†be†officially†proposed†to†the†General†Meeting†of†the†Shareholders for approval. The†Audit†Committee†is†of†the†opinion†that†the†preparation†and†disclosures†made†in†the company's†financial†reports†are†sufficient†and†reliable,†and†the†internal†control†systems†are†adequate.

(Paitoon Taveebhol) Chairman of the Audit Committee February 12th, 2004

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√“¬ß“π§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√µàÕ√“¬ß“π∑“ß°“√‡ß‘π

§≥–°√√¡°“√∫√‘…—∑†‡´Áπ∑√—≈æ—≤π“†®”°—¥†(¡À“™π)†‡ªìπºŸâ√—∫º‘¥™Õ∫µàÕß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑†‡´Áπ∑√—≈æ—≤π“ ®”°—¥†(¡À“™π)†·≈–∫√‘…∑— ¬àÕ¬†·≈– “√ π‡∑»∑“ß°“√‡ß‘π∑’ªË √“°Æ„π√“¬ß“πª√–®”ªï†´÷ßË ß∫°“√‡ß‘π¥—ß°≈à“«†®—¥∑”¢÷πÈ µ“¡¡“µ√∞“π °“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª„πª√–‡∑»‰∑¬†‚¥¬‡≈◊Õ°„™âπ‚¬∫“¬∫—≠™’∑’Ë‡À¡“– ¡·≈–∂◊ÕªØ‘∫—µ‘Õ¬à“ß ¡Ë”‡ ¡Õ†·≈–„™â¥ÿ≈¬æ‘π‘®Õ¬à“ß √–¡—¥√–«—ß·≈–ª√–¡“≥°“√∑’Ë¥’∑’Ë ÿ¥„π°“√®—¥∑”†√«¡∑—Èß¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ”§—≠Õ¬à“ß‡æ’¬ßæÕ„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π §≥–°√√¡°“√‰¥â ®— ¥ „Àâ ¡’ · ≈–¥”√ß√— ° …“‰«â ´÷Ë ß √–∫∫§«∫§ÿ ¡ ¿“¬„π∑’Ë ¡’ ª √– ‘ ∑ ∏‘ º ≈†‡æ◊Ë Õ „Àâ ¡—Ë π „®‰¥â Õ ¬à “ ß¡’ ‡ Àµÿ º ≈«à “ °“√∫— π ∑÷ ° ¢â Õ ¡Ÿ ≈ ∑“ß∫— ≠ ™’ ¡’ § «“¡∂Ÿ ° µâ Õ ß†§√∫∂â « π†·≈–‡æ’ ¬ ßæÕ∑’Ë ® –¥”√ß√— ° …“‰«â ´÷Ë ß ∑√— æ ¬å ‘ π †·≈–‡æ◊Ë Õ „Àâ ∑ √“∫®ÿ ¥ Õà Õ π‡æ◊Ë Õ ªÑ Õ ß°— π ‰¡à „ Àâ ‡ °‘ ¥ °“√∑ÿ ® √‘ µ À√◊ Õ °“√¥”‡π‘ π °“√∑’Ë º‘ ¥ ª°µ‘ Õ ¬à “ ß¡’ “√– ”§— ≠ „π°“√π’È † §≥–°√√¡°“√∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†‰¥â · µà ß µ—È ß §≥–°√√¡°“√µ√«® Õ∫´÷Ë ß ª√–°Õ∫ ¥â«¬°√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√‡ªìπºŸâ¥Ÿ·≈√—∫º‘¥™Õ∫‡°’Ë¬«°—∫§ÿ≥¿“æ¢Õß√“¬ß“π∑“ß°“√‡ß‘π·≈–√–∫∫§«∫§ÿ¡¿“¬„π†·≈–§«“¡‡ÀÁπ ¢Õß§≥–°√√¡°“√µ√«® Õ∫†‡°’Ë¬«°—∫‡√◊ËÕßπ’Èª√“°Æ„π√“¬ß“π¢Õß§≥–°√√¡°“√µ√«® Õ∫·≈â« §≥–°√√¡°“√¡’§«“¡‡ÀÁπ«à“√–∫∫§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑†‡´Áπ∑√—≈æ—≤π“†®”°—¥†(¡À“™π)†‚¥¬√«¡Õ¬Ÿà „π√–¥—∫ ∑’Ë πà “ æÕ„®†·≈– “¡“√∂ √â “ ß§«“¡‡™◊Ë Õ ¡—Ë π Õ¬à “ ß¡’ ‡ Àµÿ º ≈µà Õ §«“¡‡™◊Ë Õ ∂◊ Õ ‰¥â ¢ Õßß∫°“√‡ß‘ π √«¡¢Õß∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“ ®”°—¥†(¡À“™π)†·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546

(π“¬«—π™—¬ ®‘√“∏‘«—≤πå) ª√–∏“π°√√¡°“√

(π“¬°Õ∫™—¬ ®‘√“∏‘«—≤πå) °√√¡°“√ºŸâ ®— ¥ °“√„À≠à

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Responsibility of the Board of Directors to Financial Statement

The†Board†of†Directors†of†Central†Pattana†Public†Company†Limited†(çthe†Companyé)†is responsible†for†the†consolidated†financial†statement†of†the†Company†and†its†subsidiaries†as†well†as financial†information†in†the†annual†report.†The†financial†statement†is†prepared†in†accordance†with†generally accepted†accounting†standards†in†Thailand†which†is†appropriately†applied†on†a†consistent†basis.†Conservative judgment†and†best†estimate†are†adopted†in†this†preparation.†In†addition,†all†important†information†are adequately disclosed in notes to financial†statement. The†Board†of†Directors†has†set†up†and†maintained†an†effective†internal†control†to†reasonably ensure†that†all†accounting†records†are†accurate,†complete†and†sufficient†to†secure†its†assets. Moreover,†all†possible†weakness†could†be†found†to†prevent†fraud†or†material†unusual†transactions. The†Board†of†Directors†has†appointed†the†audit†committee†which†comprise†of†independent directors,†to†control†quality†of†financial†report†and†internal†control†system.†The†opinion†of†the†audit committee†on this matter has already been†presented†in†the†audit†committee†report. The†Board†of†Directors,†is†of†an†opinion†that†internal†control†systems†of†the†Company†are†in the†satisfactory†and†sufficient†level†to†reasonably†build†the†confidence†in†the†reliability†of†the consolidated financial statement of the Company and its subsidiaries as of December 31, 2003

(Mr. Vanchai Chirathivat) Chairman

(Mr.Kobchai Chirathivat) President & CEO

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√“¬ß“πº≈°“√¥”‡π‘πß“π„π√Õ∫ªï 2546

∑‘»∑“ß°“√∫√‘À“√·≈–®—¥°“√ªï 2546 °“√æ— ≤ π“√–∫∫°“√∫√‘ À “√®— ¥ °“√·≈–°“√æ— ≤ π“‡æ◊Ë Õ ‡æ‘Ë ¡ ¢’ ¥ §«“¡ “¡“√∂¢Õß∫ÿ § ≈“°√‰¥â ¥”‡π‘ π °“√æ√â Õ ¡Ê °— π Õ¬à “ ßµà Õ ‡π◊Ë Õ ß†‡æ◊Ë Õ √Õß√— ∫ °“√¢¬“¬∏ÿ √ °‘ ® µ“¡·ºπ¬ÿ ∑ ∏»“ µ√å √ –¬–¬“«¢Õß∫√‘ …— ∑†(Long†Term Plan) µ≈Õ¥ªï†2546†¡ÿàß‡πâπ„π°“√µ√«® Õ∫§ÿ≥¿“æ¢Õß°“√∫√‘À“√®—¥°“√¢Õß∑ÿ°»Ÿπ¬å°“√§â“†‡æ◊ËÕ„Àâ¡“µ√∞“π∑’Ë°”Àπ¥‰«â ‰¥â À ¬—Ë ß √“°≈ß„π¿“§ªØ‘ ∫— µ‘ Õ ¬à “ ß®√‘ ß ®— ß †‚¥¬„™â √ –∫∫°“√µ√«® Õ∫†2†√Ÿ ª ·∫∫†§◊ Õ †Mystery†Check†‡ªì π √“¬ — ª ¥“Àå † ·≈– √Ÿª·∫∫°“√ ”√«®§«“¡æ÷ßæÕ„®¢Õß∑—Èß√â“π§â“ºŸâ‡™à“·≈–ºŸâ∫√‘‚¿§†(Tenant†&†Customer†Satisfaction†Survey)†‡ªìπ√“¬‰µ√¡“ º≈®“°°“√µ√«® Õ∫∑—Èß†2†√Ÿª·∫∫†‰¥â∂Ÿ°π”¡“·°â ‰¢ª√—∫ª√ÿß°“√ªØ‘∫—µ‘ß“π ·≈–∂Ÿ°°”Àπ¥„Àâ‡ªìπµ—««—¥§«“¡ “¡“√∂†(KPI) „π°“√∫√‘ À “√®— ¥ °“√µ— « Àπ÷Ë ß „πªï µà Õ ‰ª πÕ°®“°π’È † °“√„Àâ § «“¡ ”§— ≠ „π°“√≈¥§«“¡‡ ’Ë ¬ ß¥â “ πÕ— § §’ ¿— ¬ †·≈–°“√°à Õ «‘ π “»°√√¡†‰¥â æ— ≤ π“¡“µ√°“√ °“√ªÑ Õ ß°— π †·≈–°”Àπ¥„Àâ Ωñ ° ´â Õ ¡∑’ ¡ †Fireman†√«¡∑—È ß †°“√µ√«® Õ∫Õÿ ª °√≥å ¥— ∫ ‡æ≈‘ ß „Àâ ¡’ ª √– ‘ ∑ ∏‘ ¿ “æ·≈–‡æ’ ¬ ßæÕ µ≈Õ¥‡«≈“Õ¬à “ ß ¡Ë” ‡ ¡Õ†‡Àµÿ ° “√≥å ° “√°à Õ °“√√â “ ¬„π¿Ÿ ¡‘ ¿ “§·≈–°“√∑’Ë ª √–‡∑»‰∑¬†‰¥â ‡ ªì π ‡®â “ ¿“æ°“√ª√–™ÿ ¡ Õß§å ° √ §«“¡√à « ¡¡◊ Õ ∑“ß‡»√…∞°‘ ® „π¿Ÿ ¡‘ ¿ “§†‡Õ‡™’ ¬ †-†·ª´‘ øî ° †(APEC)†∑’Ë ° √ÿ ß ‡∑æœ†‡¡◊Ë Õ µÿ ≈ “§¡†2546†∫√‘ …— ∑ ®÷ ß ‰¥â ¡’ ° “√‡æ‘Ë ¡ ¡“µ√°“√„π°“√ªÑ Õ ß°— π ·≈–√— ° …“§«“¡ª≈Õ¥¿— ¬ ‡æ◊Ë Õ ¡’ § «“¡æ√â Õ ¡√— ∫ ∂“π°“√≥å „ π»Ÿ π ¬å ° “√§â “ ·≈–‚¥¬‡©æ“–Õ¬à “ ß¬‘Ë ß ‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†´÷Ë ß µ—È ß Õ¬Ÿà „π∫√‘‡«≥°≈“ß„®‡¡◊Õß °“√√–∫“¥¢Õß‰¢â À «— ¥ †SARS†„π‰µ√¡“ Õß†¡’ º ≈°√–∑∫‡æ’ ¬ ß‡≈Á ° πâ Õ ¬°— ∫ »Ÿ π ¬å ° “√§â “ ∑’Ë Õ ¬Ÿà „ π∑”‡≈∑’Ë ¡’ π—°∑àÕß‡∑’Ë¬«™“«µà“ß™“µ‘¡“°†§◊Õ†»Ÿπ¬å°“√§â“‡´Áπ∑√—≈†‡«‘≈¥å†æ≈“´“†·≈–‡´Áπ∑√—≈ ‡ø µ‘«—≈ ‡´Áπ‡µÕ√å æ—∑¬“ °‘®°√√¡∑’Ë ”§—≠„π√–À«à“ßªï†2546†»Ÿπ¬å°“√§â“‡´Áπ∑√—≈†·Õ√åæÕ√åµ†æ≈“´“†‡™’¬ß„À¡à†‰¥â‡ªî¥„Àâ∫√‘°“√Õ¬à“ß‰¡à‡ªìπ ∑“ß°“√†‡¡◊Ë Õ ‡¥◊ Õ π‡¡…“¬π†¥â « ¬§«“¡ ¡∫Ÿ √ ≥å · ∫∫‡ªì π »Ÿ π ¬å ° “√§â “ √–¥— ∫ ¿Ÿ ¡‘ ¿ “§¢Õß∑“ß‡Àπ◊ Õ †·≈–‰¥â ‡ ªî ¥ µ— « Õ¬à “ ß ‡ªì π ∑“ß°“√‡¡◊Ë Õ ‡¥◊ Õ π°√°Æ“§¡„πªï ‡ ¥’ ¬ «°— π †´÷Ë ß ‰¥â √— ∫ °“√µâ Õ π√— ∫ ®“°ª√–™“™π∑“ß¿“§‡Àπ◊ Õ Õ¬à “ ß¥’ ¬‘Ë ß †·≈–„π™à « ß ª≈“¬ªï † ‡¡◊Ë Õ «— π ∑’Ë † 23†∏— π «“§¡†‰¥â ¡’ ° “√®— ¥ °‘ ® °√√¡‡ªî ¥ µ— « ‚©¡„À¡à ¢ Õß‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“†´÷Ë ß ‰¥â ¡’ ° “√ª√— ∫ ª√ÿ ß µ°·µà ß ‡ª≈’Ë ¬ π‚©¡„À¡à ∑—È ß »Ÿ π ¬å ° “√§â “ ¿“¬πÕ°·≈–¿“¬„π§√—È ß „À≠à † ·≈–‡¡◊Ë Õ «— π ∑’Ë † 30†∏— π «“§¡†2546†∫√‘ …— ∑ ‰¥â ‡ ¢â “ ´◊È Õ °‘ ® °“√ ·≈–∫√‘À“√‚§√ß°“√®— ‚°â √—µπ“∏‘‡∫»√å ´÷Ëß‡ªìπ‰ª¥â«¬§«“¡‡√’¬∫√âÕ¬ °“√∫√‘ À “√√“¬‰¥â † §à “ „™â ®à “ ¬†·≈–µâ π ∑ÿ π ‡ªì π ‰ªµ“¡ß∫ª√–¡“≥∑’Ë « “ß‰«â ¿ “¬„µâ ° √Õ∫¢Õß°“√‡æ‘Ë ¡ ª√– ‘ ∑ ∏‘ ¿ “æ °“√®— ¥ ‡°Á ∫ √“¬‰¥â † °“√À“√“¬‰¥â † ·≈–§«∫§ÿ ¡ §à “ „™â ®à “ ¬†‚¥¬√–∫∫µ√«® Õ∫·≈–∑∫∑«πº≈°“√¥”‡π‘ π ß“π‡ªì π √“¬‡¥◊ Õ π (Monthly Performance Review)

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°“√æ—≤π“‡æ◊ËÕ§«“¡æ÷ßæÕ„®¢Õß≈Ÿ ° §â “ ‡æ◊Ë Õ „Àâ ° “√∫√‘ À “√»Ÿ π ¬å ° “√§â “ ¢Õß∫√‘ …— ∑ †¬°√–¥— ∫ ∑— ¥ ‡∑’ ¬ ¡»Ÿ π ¬å ° “√§â “ „π√–¥— ∫ ¿Ÿ ¡‘ ¿ “§·≈–¡’ § «“¡·µ°µà “ ß ∑’Ë ™— ¥ ‡®π¡“°¬‘Ë ß ¢÷È π „πµ≈“¥†®÷ ß ‡ªì π Õ’ ° ªï À π÷Ë ß †∑’Ë ° “√„Àâ § «“¡ ”§— ≠ §«“¡æ÷ ß æÕ„®¢Õß≈Ÿ ° §â “ ºŸâ ‡ ™à “ †(Tenant)†·≈–≈Ÿ ° §â “ ºŸâ ∫ √‘ ‚¿§ (Customer)†‰¥â¥”‡π‘π°“√Õ¬à“ßµàÕ‡π◊ËÕß ¥—ßπ’È §«“¡æ÷ßæÕ„®¢Õß≈Ÿ ° §â “ºŸâ ‡ ™à “ (Tenant) √â “ π§â “ ºŸâ ‡ ™à “ †π— ∫ ‡ªì π ≈Ÿ ° §â “ §π·√°¢Õß∫√‘ …— ∑ †®÷ ß ¡ÿà ß ‡πâ π °“√„Àâ ∫ √‘ ° “√ºŸâ ‡ ™à “ „Àâ √ «¥‡√Á « †¡’ § «“¡‚ª√à ß „ †·≈–‡ªì π ¡“µ√∞“π†‚¥¬‰¥â æ— ≤ π“√–∫∫°“√∫√‘ À “√®— ¥ °“√†√«¡∑—È ß °‘ ® °√√¡µà “ ßÊ†∑’Ë π— ∫ πÿ π °“√æ— ≤ π“†Õ“∑‘ ‡ ™à π - °“√¢¬“¬√–∫∫†ISO†9001-2000†‰ª¬— ß »Ÿ π ¬å ° “√§â “ ¢π“¥„À≠à ∑—È ß À¡¥†§◊ Õ † “¢“ªîò π ‡°≈â “ †æ√–√“¡†3 ∫“ßπ“ æ√–√“¡ 2 ·≈–‡´Áπ∑√—≈ ‡«‘≈¥å - °“√®— ¥ °“√·¢à ß ¢— π °“√„Àâ ∫ √‘ ° “√„π√–À«à “ ß∑ÿ ° »Ÿ π ¬å ° “√§â “ „π‚ª√·°√¡†CPN†Best†Quality†‡ªì π ªï ∑’Ë † 4 µ‘¥µàÕ°—π √«¡∑—Èß°‘®°√√¡ 5 . - °“√ √â “ ß — ¡ æ— π ∏¿“æ„Àâ ºŸâ ∫ √‘ À “√√–¥— ∫ Ÿ ß ‰¥â ¡’ ‚ Õ°“ æ∫ª– — ß √√§å Õ ¬à “ ß„°≈â ™‘ ¥ °— ∫ ºŸâ ‡ ™à “ „π°‘ ® °√√¡µà “ ßÊ ∑—È ß °“√®— ¥ — ¡ ¡π“°“√·≈°‡ª≈’Ë ¬ π§«“¡§‘ ¥ ‡ÀÁ π - °‘®°√√¡¥â“π§«“¡ª≈Õ¥¿—¬„π°“√„Àâ§«“¡√Ÿâ·≈–´—°´âÕ¡°“√ªÑÕß°—πÕ—§§’¿—¬ ‡ªìπµâπ §«“¡æ÷ßæÕ„®¢Õß≈Ÿ ° §â “ºŸâ ∫ √‘ ‚¿§ (Customer) ≈Ÿ ° §â “ §π ”§— ≠ ∑’Ë Õß†§◊ Õ ºŸâ ∫ √‘ ‚ ¿§®–‰¥â √— ∫ °“√µÕ∫ πÕß∑“ß¥â “ π§«“¡ –¥«°†§«“¡ –Õ“¥†§«“¡ª≈Õ¥¿— ¬ √«¡∑—Èßª≈Õ¥‚ª√àß¢Õß∫√√¬“°“» Õ“∑‘‡™àπ - ª√—∫ª√ÿß„Àâ¡’√–∫∫ª√—∫Õ“°“»‡¬Áπ ∫“¬„πÀâÕß ÿ¢“ ≈“¥æ√â“« - ®— ¥ „Àâ ¡’ § «“¡ –¥«°„π°“√®Õ¥√∂ ”À√— ∫ ≈Ÿ ° §â “ ¢“ª√–®”√“¬„À≠à ‡ ªì π æ‘ ‡ »…†‚¥¬®— ¥ „Àâ ¡’ † VIP†Parking†„π “¢“ ≈“¥æ√â“« ªîòπ‡°≈â“ ∫“ßπ“ ·≈– æ√–√“¡ 3 - ‡æ‘Ë¡°“√ªÑÕß°—π·≈–¡’§«“¡ª≈Õ¥¿—¬†‚¥¬ª√—∫ª√ÿß·≈–µ‘¥µ—Èß√–∫∫‚∑√∑—»πå«ß®√ªî¥†(CCTV)†‡æ‘Ë¡¢÷Èπ∑—Èß¿“¬„π »Ÿ π ¬å ° “√§â “ †·≈–„πÕ“§“√∑’Ë ® Õ¥√∂†√«¡∑—È ß ®— ¥ „Àâ ¡’ “¬µ√«®∑—È ß „π‡§√◊Ë Õ ß·∫∫·≈–πÕ°‡§√◊Ë Õ ß·∫∫†«“ß·ºπ°“√∑”ß“π √à « ¡°— ∫ µ”√«®„π∑â Õ ß∑’Ë ∑ÿ ° »Ÿ π ¬å ° “√§â “ - ‡æ‘Ë ¡ §«“¡ª≈Õ¥¿— ¬ ‚¥¬µ‘ ¥ µ—È ß √–∫∫‚∑√»— æ ∑å · ®â ß ‡Àµÿ ©ÿ ° ‡©‘ π Õ— µ ‚π¡— µ‘ † (Emergency†Call)†„π®ÿ ¥ ≈— ∫ µ“§π „π “¢“‡´Áπ∑√—≈†‡«‘≈¥å†·≈–æ√–√“¡†3 - ª√—∫ª√ÿß°“√®—¥°“√®√“®√ ·≈– Signage†√«¡∑—Èß· ß «à“ßÕ“§“√∑’Ë®Õ¥√∂∫“ßπ“ - ¢¬“¬∑’Ë®Õ¥√∂‡æ‘Ë¡¢÷Èπ∫π∑’Ë¥‘π 10 ‰√à ∑’Ë‡´Áπ∑√—≈ ·Õ√åæÕ√åµ æ≈“´“ ‡™’¬ß„À¡à

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¥â“π°“√µ≈“¥ °“√ª√— ∫ ª√ÿ ß »Ÿ π ¬å ° “√§â “ †∑—È ß ∑“ß°“√µ°·µà ß „Àâ ¡’ ∫ √√¬“°“» «¬ß“¡†°“√ª√— ∫ ‡ª≈’Ë ¬ π¥â “ π ‘ π §â “ ‚¥¬°“√π” √â “ π§â “ „À¡à ∑’Ë ‡ ªì π ∑’Ë π‘ ¬ ¡¢ÕßºŸâ ∫ √‘ ‚ ¿§†°“√ √â “ ß·¡à ‡ À≈Á ° ‡æ‘Ë ¡ ¢÷È π †‡ªì π °‘ ® °√√¡∑“ß°“√µ≈“¥‡æ◊Ë Õ µÕ∫ πÕß§«“¡µâ Õ ß°“√ ¢ÕßºŸâ ∫ √‘ ‚ ¿§†‚¥¬∫√‘ …— ∑ ¡ÿà ß ‡πâ π ‰ª∑—È ß ¥â “ π°“√√— ° …“∞“π≈Ÿ ° §â “ ‡¥‘ ¡ ‰«â † ·≈–¢¬“¬∞“π≈Ÿ ° §â “ „À¡à „π‡«≈“‡¥’¬«°—π -†°“√ª√— ∫ ª√ÿ ß ‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“§√—È ß „À≠à † ‰¥â ¥”‡π‘ π °“√µ≈Õ¥∑—È ß ªï † ∑—È ß »Ÿ π ¬å ° “√§â “ ·≈–®— ¥ ß“π‡ªî ¥ ‚©¡„À¡à çRefresh Renew Reinventé†‡¡◊ËÕ ‘Èπªï -†¥”‡π‘ π °“√°à Õ √â “ ß «π “∏“√≥–·≈–≈“π‡Õπ°ª√– ß§å ∫ π‡π◊È Õ ∑’Ë † 40†‰√à † ¥â “ πÀ≈— ß †‡´Á π ∑√— ≈ †æ≈“´“ æ√–√“¡†2†‡æ◊Ë Õ „Àâ ‡ ªì π ∑’Ë æ— ° ºà Õ π¢Õßª√–™“™π¬à “ πΩíò ß „µâ ¢ Õß°√ÿ ß ‡∑æœ†´÷Ë ß §“¥«à “ ®–‡ªî ¥ „Àâ ∫ √‘ ° “√„πµâ π ªï À πâ “ †·≈–®–°≈“¬ ‡ªì π ·¡à ‡ À≈Á ° µ— « „À¡à ¢ Õß»Ÿ π ¬å ° “√§â “ -†‡æ‘Ë¡ ’ —π„Àâ™—Èπ†3†¢Õß‡´Áπ∑√—≈†æ≈“´“†≈“¥æ√â“«†‚¥¬ª√—∫‡ª≈’Ë¬π√â“π§â“‡ªìπ ‘π§â“ª√–‡¿∑·ø™—Ëπ‡æ‘Ë¡¡“°¢÷Èπ -†‡æ‘Ë ¡ †Zone†IT†„Àâ ‚ ¥¥‡¥à π ¡“°¬‘Ë ß ¢÷È π †‚¥¬π”†Category†Killer†ª√–‡¿∑†IT†§◊ Õ †IT†City†‡ªî ¥ „πæ√–√“¡†3 ∫“ßπ“ ·≈–‡´Áπ∑√—≈ ·Õ√åæÕ√åµ æ≈“´“ ‡™’¬ß„À¡à ¥â«¬æ◊Èπ∑’Ë¢π“¥„À≠à°«à“æ—πµ“√“ß‡¡µ√ -†¥”‡π‘ π °“√ª√— ∫ ª√ÿ ß »Ÿ π ¬å ° “√§â “ ‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†(‡«‘ ≈ ¥å ‡ ∑√¥†‡´Á π ‡µÕ√å † ‡¥‘ ¡ )†∑—È ß „πÕ“§“√∑’Ë ® Õ¥√∂ ·≈–¿“¬„π»Ÿ π ¬å ° “√§â “ †‚¥¬‡æ‘Ë ¡ · ß «à “ ß†ª√— ∫ ‡æ‘Ë ¡ †Signage,†ª√— ∫ ª√ÿ ß Àâ Õ ß ÿ ¢ “†œ≈œ†‡æ‘Ë ¡ ’ — π ‡æ◊Ë Õ √â “ ß∫√√¬“°“» §«“¡ª≈Õ¥¿— ¬ †´÷Ë ß ∂◊ Õ «à “ ‡ªì π °“√†Cosmetic†„π√–À«à “ ß√Õ°“√ª√— ∫ ª√ÿ ß §√—È ß „À¡à † µ“¡√Ÿ ª ·∫∫°“√æ— ≤ π“‡µÁ ¡ √Ÿ ª ·∫∫„À¡à „πªï ∂— ¥ ‰ª -†®— ¥ „Àâ ¡’ † Education†Zone†‡æ‘Ë ¡ ¢÷È π †‚¥¬π”‚√ß‡√’ ¬ π‡ √‘ ¡ ∑— ° …–µà “ ßÊ†‡ªî ¥ ∑’Ë ∫ √‘ ‡ «≥™—È π †6†‡´Á π ∑√— ≈ †æ≈“´“ √—™¥“ - æ√–√“¡ 3 -†‡ª≈’Ë ¬ π·ª≈ß∫√√¬“°“»¢Õß»Ÿ π ¬å Õ “À“√∑’Ë ‡ ´Á π ∑√— ≈ †æ≈“´“†√— ™ ¥“-æ√–√“¡†3†„Àâ ¡’ · ß «à “ ß† ’ — π † –Õ“¥µ“ µ“¡ Trend ¢Õßµ≈“¥ πÕ°®“°π’È † °“√®— ¥ °‘ ® °√√¡∑“ß°“√µ≈“¥∑—È ß ‡æ◊Ë Õ π— ∫ πÿ π °“√‡æ‘Ë ¡ ¬Õ¥¢“¬„Àâ √â “ π§â “ ºŸâ ‡ ™à “ †·≈–‡æ◊Ë Õ °‘ ® °√√¡¢Õß — ß §¡·≈–™ÿ ¡ ™π¬— ß °√–∑”Õ¬à “ ßµà Õ ‡π◊Ë Õ ß„π∑ÿ ° »Ÿ π ¬å ° “√§â “ µ≈Õ¥∑—È ß ªï

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ß“πª√–™“ —¡æ—π∏å·≈–≈Ÿ ° §â “ — ¡ æ— π ∏å πÕ°®“°π’È ΩÉ “ ¬°“√µ≈“¥¬— ß ¡’ À πà « ¬ß“π¿“¬„µâ ° “√°”°— ∫ ¥Ÿ · ≈†´÷Ë ß ‡ªì π Õß§å ª √–°Õ∫∑’Ë ”§— ≠ Õ’ ° †2† à « π†∑’Ë ™à « ¬ º≈— ° ¥— π „Àâ Õ ß§å ° √°â “ «¢÷È π Ÿà · ∂«Àπâ “ „π§«“¡‡ªì π ºŸâ π”„π∏ÿ √ °‘ ® Õ — ß À“√‘ ¡ ∑√— æ ¬å ¥â “ π§â “ ª≈’ ° ¢Õßª√–‡∑»‰∑¬†§◊ Õ †·ºπ° ª√–™“ — ¡ æ— π ∏å † ·≈–≈Ÿ ° §â “ — ¡ æ— π ∏å † ‚¥¬·ºπ°ª√–™“ — ¡ æ— π ∏å ‰ ¥â ¡’ ∫ ∑∫“∑„π°“√ √â “ ß √√§å °‘ ® °√√¡‡æ◊Ë Õ à ß ‡ √‘ ¡ ¿“æ≈— ° …≥å ∑’Ë ¥’ ¢ ÕßÕß§å ° √†·≈– π— ∫ πÿ π °‘ ® °√√¡¢ÕßΩÉ “ ¬°“√µ≈“¥†µ≈Õ¥®π°“√ ◊Ë Õ “√†‡æ◊Ë Õ à ß ‡ √‘ ¡ „Àâ ‡ °‘ ¥ §«“¡‡¢â “ „®Õ— π ¥’ √ –À«à “ ß Õß§å ° √†√â “ π§â “ ºŸâ ‡ ™à “ æ◊È π ∑’Ë † ·≈–ª√–™“™π∑—Ë « ‰ª†∑—È ß „π√Ÿ ª ·∫∫¢Õß°“√®— ¥ °‘ ® °√√¡‡æ◊Ë Õ ª√–‚¬™πå ∑ “ß — ß §¡†Õ“∑‘ † ‚§√ß°“√ çTo†Be†Number†One†Teen†Arobicé†·≈–‚§√ß°“√ÕÕ°·∫∫ µ‘Í ° ‡°Õ√å √ ≥√ß§å µà Õ µâ “ π¬“‡ æµ‘ ¥ †çStick†Not†Addict... µ‘ ¥ ‡æ◊Ë Õ ‰¡à µ‘ ¥ é†‡æ◊Ë Õ π— ∫ πÿ π „Àâ § π‰∑¬Àà “ ß‰°≈¬“‡ æµ‘ ¥ ,†‚§√ß°“√∫√‘ ® “§§Õ¡æ‘ « ‡µÕ√å · ≈–Õÿ ª °√≥å µà Õ æà « ß†·≈– ‚§√ß°“√Õ◊Ë π Ê†∑’Ë π— ∫ πÿ π °‘ ® °√√¡∑“ß — ß §¡„Àâ °— ∫ ª√–‡∑»™“µ‘ † √«¡∑—È ß „π√Ÿ ª ·∫∫¢Õß°“√‡º¬·æ√à ¢à “ «ª√–™“ — ¡ æ— π ∏å °‘®°√√¡¢Õß»Ÿπ¬å°“√§â“†‡´Áπ∑√—≈†æ≈“´“†∑ÿ° “¢“†·≈–§«“¡°â“«Àπâ“¢ÕßÕß§å°√†‚¥¬‡©æ“–‚§√ß°“√†‡´Áπ∑√—≈†‡«‘≈¥å†æ≈“´“ ‡ªìπ‚§√ß°“√∑’Ë¬‘Ëß„À≠à∑’Ë ÿ¥¢Õß∫√‘…—∑œ†´÷Ëß„πªï∑’Ëºà“π¡“†∑“ß∫√‘…—∑œ†‰¥â¬◊π¬—π∂÷ß»—°¬¿“æ„π°“√∫√‘À“√ß“π·≈–§«“¡ ”‡√Á® ∑“ß∏ÿ√°‘® ‚¥¬¡’‡Àµÿ°“√≥å ”§—≠µà“ßÊ†¥—ßπ’È æƒ…¿“§¡ 2546 -†‡ªî ¥ µ— « °“√°à Õ √â “ ß†Õ“§“√ ”π— ° ß“π†‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † ∑“«‡«Õ√å † ‡°√¥‡Õ†45†™—È π †´÷Ë ß ‡ªì π à « π ”§— ≠ à « πÀπ÷Ë ß ¢Õß‚§√ß°“√ ‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´“ ¡‘ ∂ÿ π“¬π 2546 -†»Ÿ π ¬å ° “√§â “ ‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†‡ªî ¥ µ— « ¿“æ≈— ° …≥å § «“¡≈È” ¡— ¬ ¢Õß‚§√ß°“√¥â « ¬°“√πÌ “ ‡ πÕ‰≈∑å ∫ Õ°´å √Ÿª·∫∫„À¡à∑’Ë¬“«∑’Ë ÿ¥„π„®°≈“ß‡¡◊Õß°√ÿß‡∑æ¡À“π§√ ‡æ◊ËÕ √â“ß ’ —π„Àâ·°à™âÕªªîôß µ√’∑ -†ºŸâ ∫ √‘ À “√∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†ª√– ∫§«“¡ ”‡√Á ® „π°“√√–¥¡∑ÿ π ºà “ π°Õß∑ÿ π √«¡∏ÿ √ °‘ ® ‰∑¬†4†´÷Ë ß ‡ªì π °Õß∑ÿ π Õ — ß À“√‘ ¡ ∑√— æ ¬å ∑’Ë ®— ¥ µ—È ß ¢÷È π ‡æ◊Ë Õ ‡¢â “ ≈ß∑ÿ π „π‚§√ß°“√†‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†‚¥¬√–¥¡∑ÿ π ™à « ß·√° ®”π«π 1,575 ≈â“π∫“∑ ¢“¬„Àâ°—∫ ∂“∫—π°“√‡ß‘π °√°Æ“§¡ 2546 -†∫√‘…—∑ª√– ∫§«“¡ Ì“‡√Á®„π°“√‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π†‚¥¬¢“¬Àÿâπ‡æ‘Ë¡∑ÿπª√–¡“≥†1,000†≈â“π∫“∑†„Àâ°—∫°Õß∑ÿπ ‡æ◊ËÕ°“√√à«¡∑ÿπ†Thailand†Equity†Fund

Equity Fund

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µÿ ≈“§¡ 2546 - À≈— ß ®“°ª≈¥ªÑ “ ¬†ç‡«‘ ≈ ¥å ‡ ∑√¥‡´Á π ‡µÕ√å é †°≈ÿà ¡ ‡´Á π ∑√— ≈ ‰¥â µ‘ ¥ µ—È ß ªÑ “ ¬†ç‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“é†æ√â Õ ¡ ”À√— ∫ °“√·¢àß¢—π„π¬à“π√“™ª√– ß§å ·≈–¡ÿàß Ÿà™âÕªªîôßæ“√“‰¥ å¢Õß‡Õ‡™’¬ °—π¬“¬π 2546 - ©≈Õß§«“¡§◊ ∫ Àπâ “ ¢Õß°“√°à Õ √â “ ßÕ“§“√ ”π— ° ß“π†‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † ∑“«‡«Õ√å † µ√ßµ“¡‡«≈“‡ √Á ® æ√â Õ ¡‡¢â “ ∑”ß“π°≈“ßªï†2547 ∏—π«“§¡ 2546 - ß“π®ÿ¥‡∑’¬π™—¬∂«“¬æ√–æ√†‡π◊ËÕß„π‚Õ°“ «—π‡©≈‘¡æ√–™π¡æ√√…“æ√–∫“∑ ¡‡¥Á®æ√–‡®â“Õ¬ŸàÀ—«¿Ÿ¡‘æ≈Õ¥ÿ≈¬‡¥™ - ∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†‰¥â ∫— π ∑÷ ° ¢â Õ µ°≈ß√à « ¡°— ∫ ‚√ß·√¡·≈–√’ Õ√å ∑ †„π‡§√◊ Õ ‡´Á π ∑√— ≈ ‚§√ß°“√‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†‡æ◊Ë Õ ∫√‘ À “√°‘ ® °“√‚√ß·√¡‚¥¬¡’ ¡Ÿ ≈ §à “ ‚§√ß°“√†2,500†≈â “ π∫“∑†®”π«π†500†Àâ Õ ß §“¥«à“·≈â«‡ √Á® „πªï 2549 - Bangkok†Countdown†2004†°‘ ® °√√¡ ”§— ≠ ª√–®”ªï † ´÷Ë ß ‡ªì π ß“π√–¥— ∫ ª√–‡∑»†œæ≥œπ“¬°√— ∞ ¡πµ√’ ∑— ° …‘ ≥ †™‘ π «— µ √‡ªì π ª√–∏“π‡ªî ¥ ß“π

·ºπ°≈Ÿ ° §â “ — ¡ æ— π ∏å † ¡’ ∫ ∑∫“∑ ”§— ≠ „π°“√ √â “ ß — ¡ æ— π ∏¿“æÕ— π ¥’ √ –À«à “ ß√â “ π§â “ ºŸâ ‡ ™à “ æ◊È π ∑’Ë °— ∫ ∫√‘ …— ∑ œ†µ≈Õ¥®π®— ¥ °‘ ® °√√¡‡æ◊Ë Õ à ß ‡ √‘ ¡ π— ∫ πÿ π °“√ª√–°Õ∫∏ÿ √ °‘ ® ¢Õß√â “ π§â “ ºŸâ ‡ ™à “ æ◊È π ∑’Ë † ‡æ◊Ë Õ ‡æ‘Ë ¡ ¢’ ¥ §«“¡ “¡“√∂ ∑“ß°“√·¢à ß ¢— π †·≈– √â “ ß§«“¡·µ°µà “ ß®“°»Ÿ π ¬å ° “√§â “ Õ◊Ë π „π¥â “ π°“√„Àâ ∫ √‘ ° “√·°à √â “ π§â “ ºŸâ ‡ ™à “ æ◊È π ∑’Ë † ‚¥¬¥”‡π‘ π °‘ ® °√√¡ ∑’Ë ‚¥¥‡¥à π „π√Ÿ ª ·∫∫µà “ ßÊ†Õ“∑‘ ‡ ™à π †°“√®— ¥ ß“π√— ∫ ª√–∑“πÕ“À“√§Ë” ‡æ◊Ë Õ ·≈°‡ª≈’Ë ¬ π§«“¡§‘ ¥ ‡ÀÁ π †æ√â Õ ¡√— ∫ øí ß ∫√√¬“¬ æ‘ ‡ »…®“°†œæ≥œ†√— ∞ ¡πµ√’ «à “ °“√°√–∑√«ßæ“≥‘ ™ ¬å † π“¬«— ≤ π“†‡¡◊ Õ ß ÿ ¢ †„πÀ— « ¢â Õ †ç∑‘ » ∑“ß‡»√…∞°‘ ® †·≈–π‚¬∫“¬ ¢Õß√— ∞ ∫“≈∑’Ë à ß º≈µà Õ ∏ÿ √ °‘ ® §â “ ª≈’ ° „πªï † 2547é†‡æ◊Ë Õ ºŸâ ª √–°Õ∫°“√√â “ π§â “ ®–‰¥â π”‰ª«“ß·ºπ°“√ª√–°Õ∫∏ÿ √ °‘ ® „Àâ Õ¥√— ∫ °— ∫ π‚¬∫“¬¢Õß√— ∞ ∫“≈†·≈–‡µ√’ ¬ ¡§«“¡æ√â Õ ¡ ”À√— ∫ °“√·¢à ß ¢— π ∑“ß∏ÿ √ °‘ ® „πÕπ“§µ†πÕ°®“°π’È ¬— ß ‰¥â ®— ¥ °“√·¢à ß ¢— π °Õ≈å ø ª√–®”ªï † Central†Pattana†Golf†Championship†2003†´÷Ë ß ‰¥â √— ∫ §«“¡ π„®®“°√â “ π§â “ „π°“√‡¢â “ √à « ¡°‘ ® °√√¡Õ¬à “ ß πÿ ° π“π† ‘Ë ß π’È ‡ ªì π — ≠ ≠“≥¢Õß — ¡ æ— π ∏¿“æ∑’Ë ¥’ † ´÷Ë ß πÕ°®“°®–‡ªì π µ— « ™’È „ Àâ ‡ ÀÁ π ∂÷ ß §«“¡ ”‡√Á ® ·≈â « †¬— ß ‡ªì π °“√∂à “ ¬∑Õ¥ „Àâ ‡ ÀÁ π ∂÷ ß §«“¡µ—È ß „®·≈–ª√– ‘ ∑ ∏‘ ¿ “æ„π°“√∫√‘ À “√ß“π»Ÿ π ¬å ° “√§â “ Õ¬à “ ß¡◊ Õ Õ“™’ æ ¢Õß∫√‘ …— ∑ ®“°°“√¥”‡π‘ π ß“π„πªï π’È ¢ ÕßΩÉ “ ¬°“√µ≈“¥†·ºπ°ª√–™“ — ¡ æ— π ∏å † ·≈–≈Ÿ ° §â “ — ¡ æ— π ∏å † ≈â « π –∑â Õ π„Àâ ‡ ÀÁ π ∂÷ ß ‡®µπ“√¡≥å¢Õß†∫√‘…—∑†‡´Áπ∑√—≈æ—≤π“†®”°—¥†(¡À“™π)†∑’Ë¡ÿàß¡—Ëπæ—≤π“∏ÿ√°‘®„Àâ‡µ‘∫‚µÕ¬à“ßµàÕ‡π◊ËÕß†·≈– π—∫ πÿπ°‘®°√√¡ ‡æ◊Ë Õ — ß §¡Õ— π ®–‡ªì π ª√–‚¬™πå µà Õ ª√–‡∑»™“µ‘ ¬‘Ë ß ¢÷È π µ≈Õ¥‰ª

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Report on Business Operations in the year 2003

2003†Management†and†Business†Operations In†accordance†with†the†Company's†long-term†strategic†plans,†human†resource†and†management development†have†continued†to†strengthen†operations†in†order†to†cope†with†the†Company's†growth. Throughout†2003,†the†Company†focused†on†quality†control†in†all†it's†shopping†centers†by setting†up†standards†to†be†implemented†at†all†levels†of†operation.†To†ensure†achievement,†two†evaluation methods†were†applied:†'Mystery'†checks†on†a†weekly†basis†and†Tenants†&†Customer†Satisfaction†surveys on†a†quarterly†basis.†These†have†resulted†in†improvements†in†operations†which†will†be†utilized†in†establishing Key†Performance Indicators (KPI) for 2004. As†the†Company†maintains†a†strong†emphasis†on†the†importance†of†fire†risk†reduction†and sabotage†attack†prevention,†fireman†training,†fire†extinguisher†inspection†and†maintenance†programs have†been†established†to†achieve†the†highest†levels†of†effectiveness.†Against†a†background†of†possible regional†terrorist†threats,†Thailand†hosted†the†APEC†summit†in†October†2003†and†strict†prevention†and safety†codes†were†enforced,†especially†at†the†Central†World†Plaza†Shopping†Center†and†other†locations in CBD. The†SARS†outbreak†in†the†second†quarter†of†2003†slightly†affected†Company†centers†which targeted†foreign†visitors†and†customers,†such†as†Central†World†Plaza†Bangkok†and†Central†Festival Center Pattaya, but the overall effect was minimal. Activity highlights during the year 2003, include: - The†soft†opening†of†the†Central†Airport†Plaza†Chiang†Mai,†in†April,†and†its'†official†grand opening†in†July.†This†center†is†set†to†become†the†leading†shopping†center†in†northern†of†Thailand†and its' introduction has received a warm welcome from customers. - The†introduction†of the new look of Central City Bangna on December 23 rd - The acquisition of Jusco Ratnathibej on December 30th Income,†expenses†and†capital†expenditures†have†been†maintained†in†accordance†with†the Company's†revenue†management†and†expenditure†optimization†strategies†as†laid†out†in†the†budget†plan, and†was†effectively monitored by Monthly Performance Reviews.

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Developing Customers Satisfaction To†upgrade†the†Company's†shopping†centers†to†international†standards†in†order†to†compete regionally†and†to†differentiate†from†local†competitors,†the†Company†has†focused†on†both†tenant†and customer satisfaction. The following activities were implemented: ë†Tenant†Satisfaction Tenants†are†valued†as†the†primary†customer†of†the†Company†and†quick†service,†transparency and†standardized†policies†enhanced†their†satisfaction.†To†achieve†these†goals,†the†following†operation development activities were conducted: - Extending†the†working†process†of†ISO†9001-2000†to†all†large†sized†shopping†centers†in†the Company: Pinklao, Rama 3, Bangna, Rama 2, and the Central World Plaza. - Arranging,†for†the†fourth†year,†the†çCPN†Best†Qualityé†campaign†amongst†branches†as†well†as the ç5-S Contesté†campaign. - Arranging†customers'†relationship†programs†with†company's†executives†meeting†tenants†in seminars and programmed opinion discussions. - Arranging safety programs for fire prevention. ë†Customers'†Satisfaction For†shoppers†and†visitors,†we†ensured†convenience,†cleanliness,†safety†and†pleasant†atmosphere at†CPN†shopping†centers.†To†maintain†these†standards,†improvements†are†continuously†introduced†: - Installation of air-conditioning in restrooms at Central Plaza Lardprao. -†Arranging†VIP†Parking†lots†at†Lardprao,†Pinklao,†Bangna,†and†Rama†3†to†offer†convenience†for special customers. -†Improving†and†increasing†the†number†of†Closed†Circuit†Television†(CCTV)†systems†in†shopping centers†and†parking†lots,†and†increasing†guard†patrols†and†cooperation†with†local†police†stations†to ensure the highest customer safety levels.

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- Installing†Emergency†Call†units†at†potentially†sensitive†spots†at†Central†World†Plaza†and Rama 3 branches to ensure the highest safety standards. - Improving the traffic, signage, and lighting in the at Bangna branch parking lot. - Extending†a†10-rai†plot†of†land†for†use†as†an†additional†parking†lot†at†Central†Airport Plaza Chiang Mai. Marketing Development To†maintain†its†loyal†customers†and†create†a†new†customer†base,†the†company†has†continued to†differentiate†itself†by†consistently†introducing†new†features†and†magnets,†maintaining†a†pleasant atmosphere,†and†developing†attractive†merchandise†mixes.†Major†examples†of†this†marketing†strategy can be illustrated by: - The†remodeling†and†transformation†of†Central†City†Bangna†and†its'†relaunch†in†December 2003 - The†construction†and†landscaping†of†a†40-rai†plot†of†land†behind†Central†Plaza†Rama†2†into a†public†recreation†park†as†a†contribution†to†the†community†of†southern†Bangkok.†The†park†will†be opened†in 2004 and is expected to be a major feature for the Rama 2 location. - Adding†atmosphere†and†excitement†to†the†third†floor†of†Central†Plaza†Lardprao†by†featuring†more fashion items. - Highlighting†IT†Zones,†with†more†than†1,000†sq.m.†of†space,†featuring†category†killer†'IT†City' shops at Rama 3, Bangna, Central Airport Plaza Chiang Mai. - Improving†the†shopping†atmosphere†and†customer†safety†at†Central†World†Plaza†(the†former World†Trade†Center)†by†increasing†lighting†lumination†and†signage†at†the†parking†lot,†restrooms†and†internal areas†under†an†interim†phase†of†the†renovation†master†plan†which†will†be†fully completed in 2004 - Introducing the Education Zone on the sixth floor of Central Plaza Ratchada-Rama 3. - Changing†the†atmosphere†of†the†Food†Center†at†Central†Plaza†Ratchada-Rama†3†by introducing new color schemes and improved lighting in line with modern trends. - Arranging sales promotion activities to generate sales growth for tenants - Organizing†social†and†community†activities†at†all†branches†throughout†the†year†2003†to†support many local and national initiatives.

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Public and Customer Relations Activities 2†key†sections†in†the†Marketing†Department,†which†have†supported†the†Company†in reaching†the†top†rank†of†Thailand's†retail†property†development†industry,†are†the†Public†Relations and the†Customer Relations Sections. The†Public†Relations†Section†creates†activities†to†promote†the†Company's†corporate†image and supports the various marketing programs through general public communications including: -†Various†forms†of†public†and†socially†oriented†activities,†such†as†the†anti-drug†use†campaigns çTo Be Number One Teen Aerobicé project and the sticker design contest çStick Not Addicté; -†Donating computers and accessories. -†Developing†news†releases†to†promote†activities†of†all†Central†Plaza†Shopping†Centers†and announce†company†achievements;†for†example†the†Company's†success†in†its†efficient†acquisition and management of the largest project for the Company to date: the Central World Plaza. Notable highlights: ë†May 2003 -†Announcing†the†construction†of†the†Central†World†Tower,†the†45-storey,†grade-A†office development phase of the Central World Plaza project. ë June 2003 -†Installation†of†the†longest†light†box†hoarding†in†the†central†business†district†of†Bangkok†to strengthen†the†trendy†image†of†the†Central†World†Plaza†project†and†to†add†color†to†the†area†in†front†of the shopping center. -†Announcing†the†Company's'†success†in†finalizing†the†Thai†Business†Fund†4†financial†deal in†which†the†fund†was†established†for†investment†in†the†Central†World†Plaza.†The†first†issue†worth 1,575†million†Baht was sold to financial institutes. ë July 2003 - The†Company†successfully†increased†its†capital†by†1,000 million baht†by†way†of†new†shares sold†to†the†Thailand†Equity†Fund. ë September 2003 - Announcing†the†construction†progress†of†the†Central†World†Tower,†which†will†be†completed as expected in mid 2004.

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ë October 2003 - Conversion†of†the†çWorld†Trade†Centeré†signage†to†çCentral†World†Plazaé,†and†positioning the Rajprasong area to become a major shopping paradise in Asia. ë December 2003 - Celebrated†His†Majesty†The†King's†Birthday†Anniversary†on†December†5 th†with†a†candle lighting†Ceremony. - Announcing†that†Central†Pattana†Public†Co.,†Ltd.†signed†a†memorandum†of†understanding (MOU)†with†the†Central†Plaza†Hotel†and†Resort†Group†for†the†operation†of†a†hotel†within†the†Central World†Plaza†project.†The 500-room hotel worth 2,500 million Baht will be completed in 2006. - Hosting†the†National†Bangkok†Count†Down†2004,†which†was†presided†over†by†the†Prime Minister, Police Lieutenant Colonel Taksin Shinawatra at the Central World Plaza.

The†Customer†Relations†Section†plays†a†major†role†in†creating†good†relationships†between tenants†and†the†Company.†It†has†arranged†a†variety†of†activities†to support†tenant†business†operations, leverage†their†competitive abilities and to differentiate the Company's services. Highlights of the year were: -†A†dinner†talk†with†the†Deputy†Minister†of†Commerce,†Mr.†Wattana†Muengsook,†as†the†key note†speaker,†on†çThe†Government's†Economic†Direction†and†Policies†that†will†effect†retail†businesses in†2004é,†in†order†to†inform†tenants†and†Company†executives†and†assist†them†in†their†business†planning. -†The†Central†Pattana†Golf†Championship†2003,†which†received†a†warm†welcome†from†tenants and†Company†guests.†These†events†have†helped†develop†the†good†relationships†which†have†been†key to†the†continuation†of†the†Company's†business†successes†and†are†a†reflection†of†its'†professionalism in shopping center operations. Overall,†the†activities†of†the†Public†and†Customer†Relations†Sections,†featured†above,†affirm the†Company's commitment to contribute to society and its' valued business partners.

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·ºπß“π àß‡ √‘¡°“√¢“¬ªï 2546

‡ªÑ “ À¡“¬À≈— ° ¢ÕßΩÉ “ ¬ à ß ‡ √‘ ¡ °“√¢“¬„πªï † 2546†π—È π †¡ÿà ß ‡πâ π °“√ √â “ ß†Traffic†„π«— π ∏√√¡¥“†‡æ◊Ë Õ ‡ªì π °“√¢¬“¬∞“π ·≈–‡æ‘Ë ¡ ®”π«π≈Ÿ ° §â “ „Àâ ¡’ § «“¡°«â “ ß¢«“ß¡“°¬‘Ë ß ¢÷È π †·≈–°“√ π— ∫ πÿ π °“√®— ¥ °‘ ® °√√¡µà “ ßÊ†‡æ◊Ë Õ — ß §¡¢ÕßÀπà « ¬ß“π¢Õß ¿“§√—∞·≈–‡Õ°™π†´÷Ëß‡ªìπ ‘Ëß∑’Ë∑“ßΩÉ“¬ àß‡ √‘¡°“√¢“¬¥”‡π‘π°“√¡“Õ¬à“ßµàÕ‡π◊ËÕß Õ“∑‘‡™àπ 1.†‡æ◊Ë Õ ‡ªì π °“√ π— ∫ πÿ π π‚¬∫“¬¢Õß√— ∞ ∫“≈„π¥â “ π«— ≤ π∏√√¡†·≈–°“√∑à Õ ß‡∑’Ë ¬ «†‰¥â √à « ¡°— ∫ ∫√‘ …— ∑ †°“√∫‘ π ‰∑¬ ®”°— ¥ †(¡À“™π)†®— ¥ ß“π†çÕ≈— ß °“√†3†«— ≤ π∏√√¡é,†√à « ¡°— ∫ °“√∑à Õ ß‡∑’Ë ¬ «·Àà ß ª√–‡∑»‰∑¬†®— ¥ ß“π†çAmazing†Thailand Grand†Saleé,†·π–π”°“√∑àÕß‡∑’Ë¬«¢Õß‡Õ‡™’¬†(ITA†Travel Fair 2003) „π‡¥◊Õπ ¡‘∂ÿπ“¬π 2546 ∑’Ëºà“π¡“ 2.†°“√ √â “ ß†Traffic†„π«— π ∏√√¡¥“†‚¥¬°“√®— ¥ °‘ ® °√√¡·≈–√“¬°“√ à ß ‡ √‘ ¡ °“√¢“¬µà “ ßÊ†¿“¬„µâ ™◊Ë Õ çWeek†Day†Life†‡µ‘ ¡ ‡µÁ ¡ ∑ÿ ° ‘Ë ß „Àâ ™’ «‘ µ „π«— π ∏√√¡¥“é†‡æ◊Ë Õ ‡ªì π °“√™à « ¬ √â “ ß¬Õ¥¢“¬„Àâ · °à √â “ π§â “ ¿“¬„π»Ÿ π ¬å œ †„π «— π ∏√√¡¥“†Õ“∑‘ ‡ ™à π †°“√·®°†Week†Day†Life†Coupon,†√“¬°“√™‘ ß ‚™§‚∑√»— æ ∑å ‡ §≈◊Ë Õ π∑’Ë † „π√–∫∫†Hutch,†√“¬°“√ ™â Õ ª√— ∫ ™ÿ ¥ ‡§√◊Ë Õ ß ”Õ“ß§å † Maybelline†´÷Ë ß √“¬°“√¥— ß °≈à “ «‰¥â √— ∫ º≈µÕ∫√— ∫ Õ— π ¥’ ® “°≈Ÿ ° §â “ ·≈– √â “ ß§«“¡æ÷ ß æÕ„®µà Õ √â “ π§â “ ¿“¬„π»Ÿ π ¬å œ 3.†°“√ π— ∫ πÿ π °‘ ® °√√¡µà “ ßÊ†¢ÕßÀπà « ¬ß“π∑—È ß ¿“§√— ∞ ·≈–‡Õ°™π†‡æ◊Ë Õ “∏“√≥ª√–‚¬™πå Õ’ ° ∑—È ß ¬— ß ‡ªì π °“√ §◊ π °”‰√„Àâ · °à — ß §¡†∑—È ß π’È „ π°“√®— ¥ °‘ ® °√√¡µà “ ßÊ†¥— ß °≈à “ «†∑“ß»Ÿ π ¬å ° “√§â “ ®— ¥ æ◊È π ∑’Ë „ Àâ „ ™â ‚ ¥¬‰¡à §‘ ¥ §à “ „™â ®à “ ¬·µà Õ ¬à “ ß„¥ Õ“∑‘‡™àπ†√à«¡°—∫†Mc†Donald's†®—¥ß“π†World†Children's†Day†2003,†‡ªî¥‚Õ°“ ∏ÿ√°‘®†·≈–†·ø√π‰™ å†§√—Èß∑’Ë†7,†«—ÆÆ– ¡À°√√¡À“ß“π·≈–°“√»÷ ° …“µà Õ †§√—È ß ∑’Ë † 10,†√«¡æ≈— ß µâ “ π¿— ¬ ¬“‡ æµ‘ ¥ ,†Cool†Charity†√à « ¡°— ∫ §≈◊Ë π «‘ ∑ ¬ÿ † FM†98.0, ß“π√à«¡„®∑”‰∑¬„Àâ –Õ“¥ ‚¥¬√à«¡°—∫ Õß§å°“√ Àª√–™“™“µ‘,†· µ¡ªá∑Õß§”†125†ªï†¢Õß°√¡‰ª√…≥’¬å†‡ªìπµâπ

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4.†°“√®— ¥ · ¥ßπ«— µ °√√¡·≈–‡∑§‚π‚≈¬’ „ À¡à Ê †‡æ◊Ë Õ ‡ªì π °“√ √â “ ß§«“¡·ª≈°„À¡à · ≈–¬— ß ‡ªì π °“√‡æ‘Ë ¡ æŸ π §«“¡√Ÿâ „ Àâ · °à ≈Ÿ ° §â “ ∑’Ë ‡ ¢â “ ¡“„™â ∫ √‘ ° “√¿“¬„π»Ÿ π ¬å œ †Õ“∑‘ ‡ ™à π †°“√‡ªî ¥ µ— « ‡§√◊Ë Õ ß¬πµå √ÿà π „À¡à ¢ Õß†çTOYOTAé,†Nikon†Expo ß“π· ¥ß‡∑§‚π‚≈¬’¥â“π°“√∂à“¬¿“æ ‡ªìπµâπ 5.†°“√®—¥°‘®°√√¡‡æ◊ËÕ°“√°ÿ»≈·≈– ¡∑∫∑ÿπ„π¡Ÿ≈π‘∏‘µà“ßÊ†‡æ◊ËÕª√–‚¬™πåµàÕ —ß§¡†Õ“∑‘‡™àπ†°“√®—¥°“√ª√–¡Ÿ≈ ¢Õß√— ° ®“°¥“√“π— ° √â Õ ß†‡æ◊Ë Õ π”√“¬‰¥â ‡ ¢â “ ¡Ÿ ≈ π‘ ∏‘ «— ≥ ‚√§¥◊È Õ ¬“†„πæ√–Õÿ ª ∂— ¡ ªá ¢ Õß ¡‡¥Á ® æ√–æ’Ë π “ß‡∏Õ‡®â “ øÑ “ °— ≈ ¬“π‘ «— ≤ π“ √à«¡°—∫¡Ÿ≈π‘∏‘»‘√‘√“™æ¬“∫“≈†®—¥°‘®°√√¡†ç√–∫“¬ ’ ¥„ †Àà«ß„¬§π√Õ∫¢â“ßé†‡æ◊ËÕ‡ªìπ°“√√≥√ß§å°“√µ‘¥‡™◊ÈÕ∑“ß‡¥‘πÀ“¬„® √à«¡°—∫°√¡ ÿ¢¿“æ®‘µ®—¥°‘®°√√¡¢Õß‚§√ß°“√†çTo†Be†Number†1é†‡æ◊ËÕ π—∫ πÿπ„Àâ§π‰∑¬Àà“ß‰°≈¬“‡ æµ‘¥,†®—¥‚§√ß°“√ ÕÕ°·∫∫ µ‘ ° ‡°Õ√å √ ≥√ß§å µà Õ µâ “ π¬“‡ æµ‘ ¥ †çµ‘ ¥ ‡æ◊Ë Õ ‰¡à µ‘ ¥ é†‡ªì π µâ π 6.†°“√ π— ∫ πÿ π °‘ ® °√√¡∑’Ë à ß ‡ √‘ ¡ „Àâ ‡ ¬“«™π„™â ‡ «≈“«à “ ß„Àâ ‡ °‘ ¥ ª√–‚¬™πå † ·≈–‡æ◊Ë Õ ‡ªì π °“√‡ √‘ ¡ √â “ ß∑— ° …–¢Õß ‡¬“«™π†‚¥¬®— ¥ °‘ ® °√√¡°“√·¢à ß ¢— π †Crossword†1†™‘ ß ·™¡ªá ª √–‡∑»‰∑¬†‡ªì π ß“π∑’Ë ®— ¥ µà Õ ‡π◊Ë Õ ß¡“°«à “ †10†ªï , †U†School Stage†on†Stage†‡ªì π °“√‡ªî ¥ ‚Õ°“ „Àâ π— ° ‡√’ ¬ π∑—Ë « ª√–‡∑»‰∑¬· ¥ß§«“¡ “¡“√∂‡™‘ ß √â “ ß √√§å , †Doraemon†&†His Friend†Singing†Contest.

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∂‘ µ‘ ¢ ÕßºŸâ ∫ √‘ ‚ ¿§∑’Ë ‡ ¢â “ ¡“„™â ∫ √‘ ° “√ ‡ªÑ“À¡“¬Õ’°ª√–°“√Àπ÷Ëß„π°“√®—¥°‘®°√√¡µà“ßÊ†‡æ◊ËÕ‡æ‘Ë¡ª√‘¡“≥°“√‡¢â“¡“„™â∫√‘°“√¢Õß∑ÿ°»Ÿπ¬å°“√§â“†‚¥¬°‘®°√√¡ ∑’Ë ®— ¥ ®– –∑â Õ π§«“¡∑— π ¡— ¬ †§«“¡µà Õ ‡π◊Ë Õ ß·≈–‡°‘ ¥ ª√–‚¬™πå Ÿ ß ÿ ¥ ¢Õß·µà ≈ –æ◊È π ∑’Ë † (‚ª√¥¥Ÿ µ “√“ß √ÿ ª ¬Õ¥ºŸâ ¡ “„™â ∫ √‘ ° “√ ªï†2545-2546†ª√–°Õ∫)

µ“√“ß √ÿ ª ¬Õ¥ºŸâ ¡ “„™â ∫ √‘ ° “√†ªï † 2545

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2003 Sales Promotion Plan

The†major†goal†in†2003†was†to†attract†more†customers†to†the†Company's†shopping†centers during†weekdays†and†to†expand†the†Company's†brand-loyal†customer†base†by†attracting†new†visitors. In†addition,†the†Company†has†continued†to†support†a†broad†spectrum†of†social†activities†from†both government and private sectors throughout the year, including: 1.†Organizing†the†çExtravaganza†3†Culturesé†event†in†conjunction†with†Thai†Airways†International Co.,†Ltd.,†the†Amazing†Thailand†Grand†Sale†with†the†Tourist†Authority†of†Thailand,†and†the†Visit†Malaysia Campaign (ITA Travel Fair 2003)†in†June. 2.†To†attract†more†customers†during†weekdays,†the†çWeek†Day†Lifeé†campaign†was†implemented featuring†many†sales†promotions,†such†as†the†Week†Day†Life†Coupon,†a†Lucky†Draw†to†win†Hutch†mobile phones†and†a†contest†to†win†Maybelline†cosmetic†sets.†These†activities†were†very†well†received†by†both customers and tenants, whose sales were increased. 3.†Offering†common†areas†of†the†Company's†shopping†centers†to†promote†social†projects†of both†the†Government†and†private†sectors.†For†example:†the†World†Children's†Day†2003†with†McDonald's, the†7th†Business†Franchise†Fair,†the†Wat-da†10th†Job†and†Education†Fair,†an†Anti-Drug†Campaign, çCool†Charityé†with†FM†98.0,†the†Thailand† Cleanliness†Campaign†with†the†United†Nations†and†the Golden Stamp Fair to celebrate 125th Anniversary of Communication Authority of Thailand.

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4.†Featuring†new†technology†events†and†exhibitions†for†excitement†and†customer†information such†as†the†launch†of†the†Toyota's†newest†engine,†and†the†latest†camera†technology†at†Nikon†Expo. 5.†Organizing†numerous†charity†events†to†raise†funds†for†various†social†welfare†foundations. For†example,†the†Star†Auction,†with†the†Drug†Resistant†TB†Foundation†under†the†royal†patronage†of HRH†Princess†Galayaniwattana,†selling†personal†items†donated†by†celebrities;†a†painting†contest, in†cooperation†with†the†Siriraj†Hospital†Foundation,†in†support†of†SARS†research;†and†a†celebrity sticker†design,†'Stick†not†addicted'†campaign,†with†the†Department†of†Mental†Health†and†the çTo Be Number 1 Clubé to persuade Thais against drug usage. 6.†Supporting†activities†aimed†at†encouraging†teenagers†to†spend†their†time†wisely†and to†practice†their†skills†including:†Thailand†Crossword†1†(which†has†been†organized†at†the†Company's shopping†centers†for†over†10†years),†the†U†School†çStage†on†Stageé†contest†to†support†the†creativity and talents of students nationwide and the Doraemon & His Friend Singing Contest.

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Statistic of Visitors: Moreover,†the†company†set†another†goal†to†attract†more†customers†into†shopping†centers. Activities†were†intended†to†reflect†trendy†setting,†continuity,†and†space†utilization†of†common†areas. (Number of 2002 and 2003 visitors)

VISITOR (Compare to 2002)

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π‚¬∫“¬°“√æ—≤π“∫ÿ§≈“°√·≈–Õß§å°“√

Õß§å ° √®–¥”‡π‘ π ∏ÿ √ °‘ ® ‰ª‰¥â Õ ¬à “ ßµà Õ ‡π◊Ë Õ ß·≈–¡’ § «“¡‡µ‘ ∫ ‚µπ—È π †∫ÿ § ≈“°√‡ªì π ºŸâ ∑’Ë ¡’ à « π ”§— ≠ Õ¬à “ ß¬‘Ë ß ·≈–¬— ß ‡ªì π ∑ÿ π ¡πÿ … ¬å ∑’Ë ¡’ §à “ ∑’Ë ÿ ¥ ¢ÕßÕß§å ° √†∫√‘ …— ∑ ®÷ ß ®— ¥ „Àâ ¡’ ° “√æ— ≤ π“·≈–‡æ‘Ë ¡ æŸ π §«“¡√Ÿâ † §«“¡ “¡“√∂¢Õßæπ— ° ß“π Õ¬à “ ßµà Õ ‡π◊Ë Õ ß†„π√Ÿ ª ·∫∫°“√Ωñ ° Õ∫√¡·≈– — ¡ ¡π“∑—È ß ¿“¬„π·≈–¿“¬πÕ°∫√‘ …— ∑ œ†µ≈Õ¥∑—È ß ®— ¥ °‘ ® °√√¡°“√æ— ≤ π“Õß§å ° √ ·≈–æ—≤π“∫ÿ§§≈„Àâæπ—°ß“π‰¥â¡’ à«π√à«¡†πÕ°®“°π’È¬—ß‰¥â π—∫ πÿπ„Àâæπ—°ß“π‡¢â“√—∫°“√»÷°…“µàÕ„π√–¥—∫°“√»÷°…“∑’Ë Ÿß¢÷Èπ ΩÉ “ ¬∑√— æ ¬“°√¡πÿ … ¬å † ´÷Ë ß √— ∫ º‘ ¥ ™Õ∫¥â “ π°“√§— ¥ ‡≈◊ Õ °·≈– √√À“∫ÿ § ≈“°√†æ— ≤ π“Õß§å ° √†æ— ≤ π“∫ÿ § ≈“°√†·≈– °“√∫√‘ À “√ß“π∫ÿ § §≈†πÕ°®“°π’È ¬— ß ‰¥â √à « ¡°— ∫ ∑ÿ ° “¬ß“π·≈–·ºπ°†¥”‡π‘ π °“√æ— ≤ π“Õß§å ° √·≈–æπ— ° ß“π„πÀ≈“¬·¢πß µ≈Õ¥ªï † 2546†¥— ß π’È ë °“√æ— ≤ π“Õß§å ° √ 1. π”√–∫∫°“√∑”ß“π∑’Ë ‰¥â√—∫°“√√—∫√Õß¡“µ√∞“π†ISO†9001:2000†‰ª„™âªØ‘∫—µ‘ß“π„π∑ÿ° “¢“†‡æ◊ËÕ„Àâ°“√∑”ß“π ¢Õß∑ÿ ° ·ºπ°¡’ ¡ “µ√∞“π‡¥’ ¬ «°— π †·≈–¥”‡π‘ π °“√µ√«®µ‘ ¥ µ“¡¿“¬„π∑’Ë “¢“ªîò π ‡°≈â “ †·≈– “¢“Õ◊Ë π Ê†µà Õ ‰ª 2. ‡æ◊Ë Õ „Àâ Õ ß§å ° √‰¥â æ— ≤ π“Õ¬à “ ßµà Õ ‡π◊Ë Õ ß·≈–æπ— ° ß“π∑ÿ ° √–¥— ∫ ‰¥â ¡’ à « π√à « ¡†∫√‘ …— ∑ œ†‰¥â ¥”‡π‘ π °“√®— ¥ ª√–°«¥ ‚§√ß°“√»Ÿπ¬å°“√§â“¥’‡¥àπ†À√◊Õ‚§√ß°“√†CPN†Best†Quality†Award†§√—È ß ∑’Ë † 3†‡æ◊Ë Õ à ß ‡ √‘ ¡ „Àâ ∑ÿ ° “¢“¥”‡π‘ π °‘®°√√¡∑’Ë™à«¬æ—≤π“„π¥â“π°“√ª√–À¬—¥æ≈—ßß“π†°“√∫√‘°“√†·≈–°“√æ—≤π“√–∫∫ß“π 3. ‡æ◊Ë Õ „Àâ æ π— ° ß“π “¡“√∂ªØ‘ ∫— µ‘ ß “π‰¥â ¡’ ª √– ‘ ∑ ∏‘ ¿ “æ¡“°¬‘Ë ß ¢÷È π †µ≈Õ¥®π∑”„Àâ Õ ß§å ° √¡’ ¿“æ·«¥≈â Õ ¡∑’Ë πà “ ∑”ß“π∑“ß∫√‘…—∑œ†‰¥â¥”‡π‘π°‘®°√√¡†5† †Õ¬à“ßµàÕ‡π◊ËÕß†®÷ß‰¥â®—¥°“√ª√–°«¥†The†Best†5S†¢÷Èπ‚¥¬¥”‡π‘π°“√ ·¢àß¢—π “¢“¥’‡¥àπ¥â“π 5 4. ∫√‘…—∑œ†‰¥â§”π÷ß∂÷ß§«“¡ ”§—≠¢Õß°“√«“ß·ºπ†°“√∫√‘À“√†·≈–°“√æ—≤π“Õß§å°√‚¥¬„Àâæπ—°ß“π„π√–¥—∫∫√‘À“√ ∑ÿ°√–¥—∫¡’ à«π√à«¡†®÷ß‰¥â®—¥°“√ª√–™ÿ¡†The†Ninth†Annual†Management†Conference†2003†¢÷Èπ„π‡¥◊Õπµÿ≈“§¡ 2546†≥†®—ßÀ«—¥√–¬Õß ‚¥¬¡’æπ—°ß“πµ—Èß·µà√–¥—∫ºŸâ®—¥°“√Õ“«ÿ‚ ¢÷Èπ‰ª®π∂÷ßª√–∏“π§≥–°√√¡°“√∫√‘À“√‡¢â“√à«¡ °“√ª√–™ÿ ¡ ‡™‘ ß ªØ‘ ∫— µ‘ ° “√π’È † ‚¥¬„πªï † 2546†π’È ‰ ¥â ‡ πâ π °“√ª√–™ÿ ¡ ¥â “ π°“√ √â “ ß«— ≤ π∏√√¡Õß§å ° √†°“√‡™◊Ë Õ ¡‚¬ß æƒµ‘ ° √√¡†·≈–«— ≤ π∏√√¡°— ∫ «— µ ∂ÿ ª √– ß§å ∑ “ß∏ÿ √ °‘ ® †√«¡∑—È ß °“√®— ¥ ∑”‡ªÑ “ À¡“¬ à « πµπ‡æ◊Ë Õ „Àâ Õ¥§≈â Õ ß °— ∫ æƒµ‘ ° √√¡∑’Ë ¬÷ ¥ ∂◊ Õ ªÆ‘ ∫— µ‘ · ≈–«— ≤ π∏√√¡¢ÕßÕß§å ° √†‡æ◊Ë Õ ‡µ√’ ¬ ¡∫ÿ § ≈“°√†·≈–‡µ√’ ¬ ¡Õß§å ° √√Õß√— ∫ °“√ ¢¬“¬µ— « ∑“ß∏ÿ √ °‘ ® 5. ‰¥â ®— ¥ µ—È ß §≥–∑”ß“π√à « ¡°— ∫ «‘ ∑ ¬“°√∑’Ë ª √÷ ° …“®“°®ÿ Ã “≈ß°√≥å ¡ À“«‘ ∑ ¬“≈— ¬ †®— ¥ ∑”µ— « ™’È «— ¥ ∑—È ß √–¥— ∫ Õß§å ° √√–¥— ∫ “¬ß“π,†ΩÉ“¬,†»Ÿπ¬å°“√§â“·≈–·ºπ°‡ √Á®‡√’¬∫√âÕ¬ ·≈–ª√–°“»„™âÕ¬à“ß‡ªìπ∑“ß°“√„πªï 2547 πÕ°®“°π’È ¬— ß ‰¥â „ Àâ § «“¡√Ÿâ °— ∫ ºŸâ ∫ √‘ À “√∑ÿ ° ∑à “ π‡°’Ë ¬ «°— ∫ †æ◊È π ∞“π°“√µ— ¥ ‘ π „®°“√≈ß∑ÿ π †·≈–†‡°¡ å ∏ÿ √ °‘ ® ‡æ◊Ë Õ √â “ ß ·π«§‘ ¥ „π°“√æ— ≤ π“∏ÿ √ °‘ ® „Àâ ¥’ ¢÷È π

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ë °“√æ— ≤ π“∫ÿ §≈“°√ ∫√‘ …— ∑ œ†‰¥â ®— ¥ °“√Ωñ ° Õ∫√¡æπ— ° ß“πÕ¬à “ ßµà Õ ‡π◊Ë Õ ß†‚¥¬‡πâ π „π°“√æ— ≤ π“∑’Ë µ √ß°— ∫ §«“¡®”‡ªì π „π°“√ªØ‘ ∫— µ‘ ß “π ¢Õßæπ—°ß“π ‚¥¬‰¥â·∫àß·π«∑“ß°“√æ—≤π“∫ÿ§≈“°√‰«â 3 ª√–‡¿∑ ¥—ßπ’È 1. °“√æ— ≤ π“∫ÿ § ≈“°√µ“¡¡“µ√∞“πµ”·Àπà ß †‡æ◊Ë Õ „Àâ æ π— ° ß“π∑ÿ ° √–¥— ∫ ™—È π ¡’ § «“¡ “¡“√∂„π¥â “ π°“√®— ¥ °“√ °“√∫√‘ À “√µ“¡µ”·Àπà ß ß“π†‡™à π †°“√æ— ≤ π“°“√®— ¥ °“√„π√–¥— ∫ ºŸâ ∫ √‘ À “√,†°“√∫√‘ ° “√∑’Ë ‡ ªì π ‡≈‘ » ,†°“√ Õπ·≈– ·π–π”ß“π, °“√∑”ß“π·≈–æ—≤π“∑’¡ß“π ‡ªìπµâπ 2. °“√æ—≤π“∫ÿ§≈“°√µ“¡¡“µ√∞“π«‘™“™’æ†‡æ◊ËÕ„Àâæπ—°ß“π„π·ºπ°µà“ßÊ†¡’§«“¡√Ÿâ†∑—°…–∑’Ë “¡“√π”‰ªªØ‘∫—µ‘ß“π „πÀπâ “ ∑’Ë ¢ Õßµπ‰¥â ¥’ ¬‘Ë ß ¢÷È π †·≈–‡ªì π °“√µ‘ ¥ µ“¡æ— ≤ π“°“√¢Õß “¬«‘ ™ “™’ æ µπ πÕ°®“°°“√Ωñ ° Õ∫√¡·≈â « ∑“ß∫√‘ …— ∑ œ†¬— ß ‰¥â ®— ¥ „Àâ ¡’ ° “√ — ¡ ¡π“ª√–®”ªï ¢ Õß·µà ≈ –ΩÉ “ ¬†‡æ◊Ë Õ „Àâ æ π— ° ß“π‰¥â √— ∫ §«“¡√Ÿâ „ À¡à Ê ∑“ß¥â “ π “ ¬ Õ “ ™’ æ ¢ Õ ß µ π , † π ‚ ¬ ∫ “ ¬ ° “ √ ¥” ‡ π‘ π ß “ π ¢ Õ ß ΩÉ “ ¬ † · ≈ – ° “ √ · ≈ ° ‡ ª ≈’Ë ¬ π § « “ ¡ √Ÿâ † ª √ – ∫ ° “ √ ≥å ¢Õßæπ— ° ß“π®“°·µà ≈ –»Ÿ π ¬å œ 3. °“√æ—≤π“∫ÿ§≈“°√µ“¡‡ªÑ“ª√– ß§å¢Õß∫√‘…—∑œ†‡æ◊ËÕ„Àâ∫ÿ§≈“°√¡’§«“¡√Õ∫√Ÿâ „π¥â“π°“√®—¥°“√À√◊Õ«‘∑¬“°“√µ“¡ ∑’Ë∫√‘…—∑œ†µâÕß°“√†‡™àπ†5† †‡æ◊ËÕ°“√‡æ‘Ë¡º≈º≈‘µ„ÀâÕß§å°√, √–∫∫ ISO 9001:2000 ‡ªìπµâπ πÕ°®“°°“√Ωñ ° Õ∫√¡¥— ß °≈à “ «¢â “ ßµâ π ·≈â « †„πªï † 2546†∫√‘ …— ∑ œ†¬— ß ‰¥â ¥”‡π‘ π ®— ¥ ∑”·ºπ ◊ ∫ ∑Õ¥µ”·Àπà ß ·≈– æ— ≤ π“Õ“™’ æ †(Succession†Plan†and†Career†Development)†„Àâ æ π— ° ß“π√–¥— ∫ ºŸâ ®— ¥ °“√∑—Ë « ‰ª»Ÿ π ¬å ° “√§â “ ·≈–ºŸâ®—¥°“√ ·ºπ°µà“ßÊ†¢Õß»Ÿπ¬å°“√§â“†‡æ◊ËÕ‡ªìπ°“√‡µ√’¬¡°“√∑¥·∑πæπ—°ß“π·≈–æ—≤π“æπ—°ß“π„Àâ‡µ‘∫‚µ„π “¬Õ“™’æ ë °“√∫√‘ À“√ß“π∫ÿ § §≈ ∫√‘ …— ∑ œ†‰¥â ¡’ ° “√®— ¥ «— ¥‘ ° “√„Àâ · °à æ π— ° ß“πÕ¬à “ ßµà Õ ‡π◊Ë Õ ß†‡æ◊Ë Õ ‡ªì π °“√ √â “ ß¢«— ≠ ·≈–°”≈— ß „®„Àâ æ π— ° ß“π ‚¥¬®— ¥ √√ «— ¥‘ ° “√µà “ ßÊ†Õ“∑‘ † ‡™à π † «— ¥‘ ° “√¥â “ π°’ Ã “†°“√√— ° …“æ¬“∫“≈† — π ∑π“°“√†°“√µ√«® ÿ ¢ ¿“æª√–®”ªï °‘ ® °√√¡ — ß √√§å ª √–®”ªï † œ≈œ†‡ªì π µâ π †·≈–„πªï † 2546†π’È † ∑“ß∫√‘ …— ∑ œ‰¥â √à « ¡°— ∫ »Ÿ π ¬å ° “√»÷ ° …“πÕ°‚√ß‡√’ ¬ π °√–∑√«ß»÷°…“∏‘°“√‚§√ß°“√∑Õ¥ºâ“ªÉ“†‚¥¬‰¥â√—∫∫√‘®“§Àπ—ß ◊Õ®“°ª√–™“™π∑’Ë¡’®‘µ»√—∑∏“∑—Ë«‰ªµ“¡»Ÿπ¬å°“√§â“µà“ßÊ ¢Õß∫√‘ …— ∑ πÕ°®“°π’È ∫ √‘ …— ∑ œ†¬— ß ‰¥â ª √— ∫ ª√ÿ ß ´Õø·«√å ∫ √‘ À “√ß“π∫ÿ § §≈„Àâ ∑— π ¡— ¬ ·≈–‡À¡“– ¡°— ∫ √–∫∫∫√‘ À “√ß“π¢Õß ∫√‘ …— ∑ œ†¡“°¬‘Ë ß ¢÷È π ë »Ÿ π ¬å §— ¥ ‡≈◊ Õ °·≈– √√À“∫ÿ § ≈“°√ ∫√‘ …— ∑ œ†‰¥â ®— ¥ µ—È ß »Ÿ π ¬å §— ¥ ‡≈◊ Õ °·≈– √√À“∫ÿ § ≈“°√†‡æ◊Ë Õ §— ¥ ‡≈◊ Õ °·≈– √√À“æπ— ° ß“πªÑ Õ π∑ÿ ° Àπà « ¬ß“π† à ß º≈ „Àâ∫√‘…—∑œ†‡æ‘Ë¡¡“µ√∞“π„π°“√§—¥‡≈◊Õ°·≈– √√À“æπ—°ß“π·≈–‰¥âæπ—°ß“π∑’Ë§ÿ≥¿“æ·≈–¡’§ÿ≥ ¡∫—µ‘µ√ßµ“¡∑’ËµâÕß°“√

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Human Resource and Organization Development

The†human†resources†of†the†Company†are†the†most†important†assets†for†its'†sustainable success†and†growth.†The†Company,†as†a†result,†has†supported†various†activities†to†develop†employee's capability†and†knowledge†including†internal†and†external†seminars,†as†well†as†supporting†further†education programs for employees. In†2003,†the†Human†Resource†Department†-†in†charge†of†recruitment,†corporate,†and†human resource†development†as†well†as†personnel†administration†-†has†achieved†these†goals,†in†cooperation with the various internal departments, as follows:

Organization Development 1.

3. 4.

Extending†the†certified†working†processes†of†ISO9001-2000†to†all†branches†in†order†to†standardize the†output†from†all†service†units.†In†addition,†internal†controls†were†set†up†at†Central†Plaza Pinklao, and other branches. Ensuring†continuity†in†organizational†development†and†cooperation†among†staff†at†all†levels, the†3rd†çCPN†Best†Quality†Awardé†campaign†was†arranged†in†order†to†improve†daily†operations, the ongoing energy saving program, and productivity. Arranging†the†ç5-S†Contesté†amongst†branches†to†promote†systematic†and†orderly†cleanliness. Following†the†Company†requirement†that†all†levels†of†management†be†involved†in†the†establishment of†corporate†policy,†management†systems,†and†development,†the†Ninth†Annual†Management Conference†2003†was†held†in†October†2003,†in†Rayong†province.†The†conference†included participation†from†senior†managers†and†the†President†of†the†Company†and†focused†on†the continuing†development†of†a†positive†corporate†culture.†One†that†was†consistent†with†correlation behavior,†establishing†a†common†business†purpose†and†incorporating†individual†goals†in†order to prepare the staff and organization to cope with the Company's growth. The†company†set†up†a†working†committee†to†cooperate†with†advisors†from†Chulalongkorn University†to†establish†benchmarks†for†all†levels†of†organization†and†these†will†be†officially introduced in 2004.

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Personnel Development The company has planned 3 on-going types of human resource development: 1. Position†Standardization†to†assure†that†all†staff†fully†understands†Company†management†principles; for example: Management Development, Service Excellence, and Team Building techniques 2. Professional†Standardization†:†to†assure†that†all†staff†is†regularly†updated†on†skills,†new†technologies, and innovations. 3. Staff†Development†in†accordance†with†the†Company's†objectives†to†ensure†commonality†and consistency throughout the organization. In†2003,†a†variety†of†training†courses†were†arranged†such†as†Productivity†by†5-S†and†ISO 9001:2000†programs.†Besides†internal†training†programs,†departmental†annual†seminars†were also†arranged†to†update†staff†on†policy†issues†and†to†promote†a†forum†for†the†exchange†of best†working†experiences†and†practices. In†addition,†the†company†has†established†a†Succession†Plan†and†Career†Development†program applicable†to†General†Manager†of†shopping†centers†and†Department†Managers†to†assure†human development, job replacement, and attainable career paths.

Personnel Administration The†company†offered†salary†and†several†fringe†benefit†programs†to†motivate†and†reward†the staff,†such†as†sports†activities,†health†and†recreation†programs,†and†staff†parties.†In†2003,†the†company organized†the†'Used†Book†Donation'†campaign†in†all†shopping†centers†in†conjunction†with†the†Department of Non-formal Education, Ministry of Education. The†human†resource†management†software†was†upgraded†to†ensure†the†accuracy†and†compatibility with the Company's management system.

Recruitment and Selection Center The†Company†has†also†set†up†a†Recruitment†and†Selection†Center†to†serve†as†a†central coordination†facility†for†recruitment†for†all†units†of†the†Company.†As†a†result,†the†Company†has†improved its†recruitment†standards†and†ensured†a†sufficient†number†of†qualified†candidates†to†meet†its requirement.

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‚§√ß°“√„πÕπ“§µ

‚§√ß°“√√–À«à“ß°àÕ √â“ß·≈–ª√—∫ª√ÿß ªí®®ÿ∫—π∫√‘…—∑Õ¬Ÿà√–À«à“ß°“√°àÕ √â“ß·≈–ª√—∫ª√ÿß‚§√ß°“√‡´Áπ∑√—≈†‡«‘≈¥å†æ≈“´“†‚¥¬¡’‡ªÑ“À¡“¬‡æ◊ËÕ‡ªìπ»Ÿπ¬å°“√§â“ ‡Õπ°ª√– ß§å¢π“¥„À≠à∑’Ë ÿ¥„®°≈“ß‡¡◊Õß°√ÿß‡∑æœ†´÷Ëß¡’√“¬≈–‡Õ’¬¥‚§√ß°“√¥—ßµàÕ‰ªπ’È ≈—°…≥–‚§√ß°“√ - µ—ÈßÕ¬Ÿàæ◊Èπ∑’Ë°«à“ 64 ‰√à ∫√‘‡«≥ ’Ë·¬°√“™ª√– ß§å¥â“π∂ππ√“™¥”√‘·≈–∂ππæ√–√“¡ 1 - Õ“§“√»Ÿπ¬å°“√§â“‡´Áπ∑√—≈†‡«‘≈¥å†æ≈“´“†¢≥–π’ÈÕ¬Ÿà√–À«à“ß°“√ÕÕ°·∫∫‡æ◊ËÕ°àÕ √â“ß à«π¢¬“¬¢Õß»Ÿπ¬å°“√§â“ ‚¥¬®–‡æ‘Ë ¡ æ◊È π ∑’Ë §â “ ª≈’ ° Õ’ ° °«à “ †70,000†µ“√“ß‡¡µ√†(®“°‡¥‘ ¡ †130,000†µ“√“ß‡¡µ√)†„π à « π¢Õß »Ÿπ¬å°“√§â“ªí®®ÿ∫—π®–ª√—∫ª√ÿß¿“æ≈—°…≥å¿“¬„π·≈–¿“¬πÕ°»Ÿπ¬å°“√§â“†µ≈Õ¥®π ‘ËßÕ”π«¬§«“¡ –¥«°µà“ßÊ °“√®— ¥ ‚´ππ‘Ë ß ·≈–Õß§å ª √–°Õ∫¢Õß√â “ π§â “ „À¡à † ‡æ◊Ë Õ „Àâ ‡ ªì π »Ÿ π ¬å ° “√§â “ ∑— π ¡— ¬ §√∫«ß®√°≈“ß°√ÿ ß ‡∑æœ πÕ°®“°π’È ∫ √‘ ‡ «≥≈“π¥â “ πÀπâ “ »Ÿ π ¬å ° “√§â “ †∫√‘ …— ∑ œ®–®— ¥ °‘ ® °√√¡‡æ◊Ë Õ à ß ‡ √‘ ¡ °“√∑à Õ ß‡∑’Ë ¬ «·≈–°‘ ® °√√¡Õ◊Ë π „π«“√– ”§— ≠ µà “ ßÊ†‚¥¬§“¥«à “ ®–·≈â « ‡ √Á ® „πªï † 2549†„π°“√°à Õ √â “ ß·≈–ª√— ∫ ª√ÿ ß »Ÿ π ¬å ° “√§â “ π’È ∫√‘…—∑œ†§“¥«à“®–„™â‡ß‘π≈ß∑ÿπ„π°“√°àÕ √â“ß·≈–ª√—∫ª√ÿß√«¡ª√–¡“≥†2,600†≈â“π∫“∑ - ç‡´Áπ∑√—≈†‡«‘≈¥å†∑“«‡«Õ√åé†¢≥–π’ÈÕ¬Ÿà√–À«à“ß°àÕ √â“ß‡ªìπÕ“§“√ ”π—°ß“π‡°√¥†A† Ÿß†45†™—Èπ†∑’Ë ¡∫Ÿ√≥å·∫∫ ¥â « ¬‡∑§‚π‚≈¬’ ∑’Ë ∑— π ¡— ¬ ∑’Ë ÿ ¥ ¢ÕßÕ“§“√ ”π— ° ß“π„π°√ÿ ß ‡∑æœ†æ√â Õ ¡√–∫∫ “∏“√≥Ÿ ª ‚¿§∑’Ë ¡∫Ÿ √ ≥å · ∫∫ ¡’ æ◊È π ∑’Ë „Àâ ‡ ™à “ °«à “ †80,000†µ“√“ß‡¡µ√†·≈–≈“π®Õ¥√∂∑’Ë ∑— π ¡— ¬ ‰¥â ¡ “µ√∞“π†´÷Ë ß §“¥«à “ ®–·≈â « ‡ √Á ® „π‰µ√¡“ ∑’Ë†3†ªï†2547†‚¥¬„™â‡ß‘π≈ß∑ÿπª√–¡“≥†2,000†≈â“π∫“∑ - Sky†Walk†∑“ß‡¥‘π‡™◊ËÕ¡√–À«à“ß†3†®ÿ¥†§◊Õ†®“°‚§√ß°“√‡´Áπ∑√—≈†‡«‘≈¥å†æ≈“´“†·≈–‡´Áπ∑√—≈†‡«‘≈¥å†∑“«‡«Õ√å ‰ª¬— ß ∂“π’ √ ∂‰øøÑ “ ™‘ ¥ ≈¡·≈– ∂“π’ ¬“¡ ·§«√å † ´÷Ë ß π— ∫ «à “ ‡ªì π ‘Ë ß Õ”π«¬§«“¡ –¥«°Õ¬à “ ß¬‘Ë ß ”À√— ∫ ºŸâ ‡ ™à “ Õ“§“√ ”π—°ß“π†·≈–ºŸâ∑’Ë®–‡¥‘π∑“ß¡“™Õªªîôß„π»Ÿπ¬å°“√§â“´÷Ëß„™â‡ß‘π≈ß∑ÿπ†200†≈â“π∫“∑ - ç‚√ß·√¡†‡´Áπ∑√—≈†‡«‘≈¥å†æ≈“´“é†§Õπ‡«π™—Ëπ‚Œ‡µÁ≈„À≠à∑’Ë ÿ¥„π‡Õ‡™’¬·ª´‘øî°†√–¥—∫†4-5†¥“«†´÷Ëß®–¡’ÀâÕßª√–™ÿ¡ ¢π“¥ª√–¡“≥†16,000†µ“√“ß‡¡µ√†‚¥¬∫√‘…—∑œ†‰¥â∑” —≠≠“‡™à“/‡™à“™à«ß„Àâ·°à†∫√‘…—∑†‚√ß·√¡‡´Áπ∑√—≈æ≈“´“ ®”°— ¥ †(¡À“™π)†‡ªì π ºŸâ ‡ ™à “ ™à « ß∑’Ë ¥‘ π ·≈–‡ªì π ºŸâ æ— ≤ π“‚√ß·√¡¥— ß °≈à “ «†´÷Ë ß §“¥«à “ ®–·≈â « ‡ √Á ® µâ π ªï † 2549

‚§√ß°“√∑’ËÕ¬Ÿà√–À«à“ß°“√»÷°…“·≈–∑∫∑«π§«“¡‡ªìπ‰ª‰¥â¢Õß‚§√ß°“√ - ‚§√ß°“√æ√–√“¡ 9 - ‚§√ß°“√¢Õπ·°àπ - ‚§√ß°“√™≈∫ÿ√’

∫√‘‡«≥ ’Ë·¬°∂ππ√—™¥“¿‘‡…°µ—¥°—∫∂ππæ√–√“¡9 ∫π∂ππ¡‘µ√¿“æ†µ.„π‡¡◊Õß†Õ.‡¡◊Õß†®.¢Õπ·°àπ ∫π∂ππ ÿ¢ÿ¡«‘∑†µ.†‡ ¡Á¥†Õ.‡¡◊Õß†®.™≈∫ÿ√’

∑—È ß †3†‚§√ß°“√¬— ß Õ¬Ÿà √ –À«à “ ß°“√»÷ ° …“√Ÿ ª ·∫∫·≈– §«“¡‡ªìπ‰ª‰¥â¢Õß‚§√ß°“√†´÷ËßÀ“° “¡“√∂‡√‘Ë¡ß“π°àÕ √â“ß ‰¥â „ π™à « ßµâ π ªï † 2548†°Á ® – “¡“√∂‡ªî ¥ ¥”‡π‘ π °“√ ‰¥â √ “«ª≈“¬ªï † 2549†·µà Õ ¬à “ ß‰√°Á µ “¡¢≥–π’È ∫ √‘ …— ∑ œ ¬— ß ‰¡à ‰ ¥â ¢â Õ √ÿ ª ”À√— ∫ °“√≈ß∑ÿ π „π†3†‚§√ß°“√¥— ß °≈à “ «

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Future Projects

Project under construction and renovation Currently,†the†Company†is†constructing†and†renovating†the†Central†World†Plaza†project†to be†the†largest†mix-used†complex†in†Central†Business†District†of†Bangkok.†The†details†of the project are as follow; Project features - Located†on†the†land†area†of†64†Rai†on†the†Rajaprasong†intersection,†Rajadamri†Road and Rama I Road - The†expansion†of†çCentral†World†Plazaé†(CWP),†shopping,†center,†is†on†design†phase†which will†increase†rental†space†of†70,000†Sq.m.†(from†130,000†Sq.m.).†While†the†existing shopping†center†is†under†improvement†and†renovation†of†interior†and†exterior†including facilities,†and†zoning†rearrangement†which†is†expected†to†be†complete†in†2006.†After completion†of†expansion†and†renovation,†CWP†will†be†the†most†modern†mix-used†shopping†center in†Central†Business†District†of†Bangkok.†Moreover†the†space†in†the†front†of†the†shopping center†is†organized†to†support†traveling†and†other†activities†in†any†occasions.†Total†expansion and renovation†cost†is expected approximately 2,600 Million Baht - çCentral†World†Toweré†(CWT),†a†grade†A†45-storey†office†tower†with the†most†modern†technology†and†facilities†for†office†building†in†Bangkok, is†under†construction†and†expected†to†be†completed†in†the†3rd†quarter of†the†year†2004†with†approximately†2,000†Million†Baht†cost.†CWT†will comprise†of†80,000†Sq.m.†leasable†areas†and†modern†and†high†standard parking lots. - çSky†Walké,†walkway†will†connect†3†main†points,†CWP†and†CWT†to†Chidlom and†Siam†Square†BTS†station†which†will†be†very†convenient†for†tenants of†office†tower†and†shoppers†of†shopping†center.†The†investment†cost†is approximately†200†Million†Baht. - çCentral†World†Plaza†Hotelé†the†4-5†star†largest†convention†hotel†in†Asia Pacific†with†convention†hall†of†16,000†Sq.m..†Central†Plaza†Hotel†Public Company†Limited†lease/sublease†land†in†this†project†from†the†Company to†develop†hotel†which†is†expected†to†completed†in†the†early 2006

Project†under†study and review of project feasibility study - Rama IX project

located on the intersection of Ratchadapisek and Rama IX road - Khon Kean project located on Mittraphap Road, Naimuang Sub-district, Muang, Khon Kean - Chonburi project located on Sukhumvit Road, Samed Sub-district,†Muang, Chonburi All†3†projects†are†still†under†study.†They†are†expected†to be†started†construction†in†early†of†year†2005†and†opened†in late†of†year†2006.†However†the†Company†have†not†finalized†the investment†plan of such 3 projects yet.

Àπâ“π’È ‰¡à‡Õ“

≈— ° …≥–°“√ª√–°Õ∫∏ÿ √ °‘ ® ¢Õß∫√‘ …— ∑ †·≈–∫√‘ …— ∑ ¬à Õ ¬ BUSINESS†STRUCTURE†AND†HOLDINGS

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≈— ° …≥–°“√ª√–°Õ∫∏ÿ √ °‘ ® ¢Õß∫√‘ …— ∑ ·≈–∫√‘ …— ∑ ¬à Õ ¬

∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†¥”‡π‘ π ∏ÿ √ °‘ ® æ— ≤ π“Õ — ß À“√‘ ¡ ∑√— æ ¬å ‡ æ◊Ë Õ °“√§â “ ª≈’ ° ¡“π“π°«à “ †20†ªï ‚¥¬µ≈Õ¥‡«≈“∑’Ë ºà “ π¡“†∫√‘ …— ∑ œ†‡πâ π °“√æ— ≤ π“∏ÿ √ °‘ ® »Ÿ π ¬å ° “√§â “ ‡æ◊Ë Õ π”æ◊È π ∑’Ë Õ Õ°„Àâ ‡ ™à “ Õ¬à “ ßµà Õ ‡π◊Ë Õ ß†®πªí ® ®ÿ ∫— π ∫√‘ …— ∑ œ ‰¥â æ— ≤ π“·≈–‡ªì π ºŸâ ∫ √‘ À “√»Ÿ π ¬å ° “√§â “ ∑—È ß ‘È π †10†‚§√ß°“√†´÷Ë ß ∏ÿ √ °‘ ® ¢Õß∫√‘ …— ∑ œ·≈–∫√‘ …— ∑ ¬à Õ ¬† “¡“√∂·∫à ß ÕÕ°‰¥â 6†ª√–‡¿∑†¥—ßπ’È

1) »Ÿπ¬å°“√§â“ ∫√‘…—∑¡’»Ÿπ¬å°“√§â“∑’Ë‡ªî¥¥”‡π‘π°“√·≈â«†10†‚§√ß°“√†‰¥â·°à ‚§√ß°“√ (1) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈æ≈“´“ ≈“¥æ√â“« (2) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈æ≈“´“ √“¡Õ‘π∑√“ (3) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈æ≈“´“ ªîòπ‡°≈â“ (4) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈‡ø µ‘«—≈ ‡´Áπ‡µÕ√å æ—∑¬“ (5) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈·Õ√åæÕ√åµ æ≈“´“ ‡™’¬ß„À¡à (6) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈æ≈“´“ √—™¥“ æ√–√“¡ 3 (7) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ ´‘µ’È ∫“ßπ“ (8) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ æ≈“´“ æ√–√“¡ 2 (9) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´“ (10) »Ÿπ¬å°“√§â“√—µπ“∏‘‡∫»√å ∑“«πå ‡´Áπ‡µÕ√å

¥”‡π‘π°“√„ππ“¡ ∫¡®. ‡´Áπ∑√—≈æ—≤π“ ∫¡®. ‡´Áπ∑√—≈æ—≤π“ ∫¡®. ‡´Áπ∑√—≈æ—≤π“ ∫¡®. ‡´Áπ∑√—≈æ—≤π“ ∫®. ‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à ∫®. ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 3 ∫®. ∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È ∫®. ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 4 ∫®. ‡´Áπ∑√—≈æ—≤π“ √—µπ“∏‘‡∫»√å

‡√‘Ë¡¥”‡π‘π°“√/‡¢â“´◊ÈÕ ∏—π«“§¡ 2525 æƒ»®‘°“¬π 2536 ¡’π“§¡ 2538 °√°Æ“§¡ 2538 ¡’π“§¡ 2539 µÿ≈“§¡ 2540 °—π¬“¬π 2544 (‡¢â“´◊ÈÕ) ∏—π«“§¡ 2545 ∏—π«“§¡ 2545 (‡¢â“´◊ÈÕ) ∏—π«“§¡ 2546 (‡¢â“´◊ÈÕ)

2) Õ“§“√ ”π—°ß“π °“√æ— ≤ π“Õ“§“√ ”π— ° ß“π‡æ◊Ë Õ „Àâ ‡ ™à “ ¢Õß∫√‘ …— ∑ †®–‡ªì π °“√¥”‡π‘ π ß“π§«∫§Ÿà °— ∫ °“√æ— ≤ π“»Ÿ π ¬å ° “√§â “ ‡π◊ËÕß®“°¡’Õÿª ß§å∑’Ë àß‡ √‘¡°—π†‚¥¬¡’Õ“§“√ ”π—°ß“π∑’Ë‡ªî¥¥”‡π‘π°“√·≈â«†3†·Ààß†„π†3†∑”‡≈¥—ßµàÕ‰ªπ’È ∂“π∑’Ëµ—Èß (1) ‚§√ß°“√‡´Áπ∑√—≈æ≈“´“ ≈“¥æ√â“« (2) ‚§√ß°“√‡´Áπ∑√—≈æ≈“´“ ªîòπ‡°≈â“ (3) ‚§√ß°“√‡´Áπ∑√—≈ ´‘µ’È ∫“ßπ“

¥”‡π‘π°“√„ππ“¡ ∫¡®. ‡´Áπ∑√—≈æ—≤π“ ∫¡®. ‡´Áπ∑√—≈æ—≤π“ ∫®. ∫“ßπ“†‡´Áπ∑√—≈†æ√ÁÕæ‡æÕ√åµ’È

‡√‘Ë¡¥”‡π‘π°“√/‡¢â“´◊ÈÕ ∏—π«“§¡ 2525 ¡’π“§¡ 2538 °—π¬“¬π†2544†(‡¢â“´◊ÈÕ)

”À√— ∫ Õ“§“√ ”π— ° ß“π„π‚§√ß°“√‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†™◊Ë Õ Õ“§“√†ç‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † ∑“«‡«Õ√å é †π—È π †¬— ß Õ¬Ÿà √–À«à “ ß°“√°à Õ √â “ ß†´÷Ë ß §“¥«à “ ®–·≈â « ‡ √Á ® ·≈–‡ªî ¥ „Àâ ∫ √‘ ° “√‰¥â ¿ “¬„π‰µ√¡“ ∑’Ë † 3†ªï † 2547†(√“¬≈–‡Õ’ ¬ ¥‚§√ß°“√Õ¬Ÿà „πÀ—«¢âÕ†ç‚§√ß°“√„πÕπ“§µé)

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3) Õ“§“√ ”À√—∫æ—°Õ“»—¬ ∫√‘…—∑¥”‡π‘π°“√∏ÿ√°‘®æ—≤π“Õ“§“√„Àâ‡™à“ ”À√—∫æ—°Õ“»—¬Õ¬Ÿà 2 ‚§√ß°“√§◊Õ ‚§√ß°“√ (1)†‚§√ß°“√À≈—ß «π‚§‚≈‡πµ (2) ‚§√ß°“√‡´Áπ∑√—≈ ´‘µ’È ‡√ ´‘‡¥π´å

¥”‡π‘π°“√„ππ“¡ ‡√‘Ë¡¥”‡π‘π°“√/‡¢â“´◊ÈÕ ∫®. À≈—ß «π ‡√’¬≈µ’È ¡‘∂πÿ “¬π 2536 ∫®. ∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È °—π¬“¬π†2544†(‡¢â“´◊ÈÕ)

4) ∏ÿ√°‘®Õ“À“√·≈–‡§√◊ËÕß¥◊Ë¡ ∏ÿ√°‘®»Ÿπ¬åÕ“À“√¿“¬„π»Ÿπ¬å°“√§â“‡ªî¥¥”‡π‘π°“√·≈â« 8 ·Ààß ‰¥â·°à ∑’Ëµ—Èß»Ÿπ¬åÕ“À“√ (1) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈æ≈“´“ ≈“¥æ√â“« (2) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈æ≈“´“ ªîòπ‡°≈â“ (3) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈·Õ√åæÕ√åµ æ≈“´“ ‡™’¬ß„À¡à (4) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ ´‘µ’È ∫“ßπ“ (5) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈æ≈“´“ √—™¥“ æ√–√“¡ 3 (6) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ æ≈“´“ æ√–√“¡ 2 (7) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´“ (8) »Ÿπ¬å°“√§â“√—µπ“∏‘‡∫»√å ∑“«πå ‡´Áπ‡µÕ√å

¥”‡π‘π°“√„ππ“¡ ∫®. ‡´Áπ∑√—≈øŸÑ¥Õ‡«π‘« ∫®. ‡´Áπ∑√—≈øŸÑ¥Õ‡«π‘« ∫®. ‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à ∫®. ∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È ∫®. ‡´Áπ∑√—≈‡√’¬≈µ’È ‡´Õ√å«‘ æ√–√“¡ 3 ∫®. ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 ∫®. ‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´“ ∫®. ‡´Áπ∑√—≈æ—≤π“ √—µπ“∏‘‡∫»√å

5) ∏ÿ√°‘® «ππÈ”·≈– «π πÿ° ∏ÿ√°‘® «ππÈ”·≈– «π πÿ°¿“¬„π»Ÿπ¬å°“√§â“†·¡â ‰ ¡à ‰¥â‡ªìπ∏ÿ√°‘®À≈—°¢Õß∫√‘…—∑œ†·µà “¡“√∂ √â“ß§«“¡§√∫§√—π ‡æ◊ËÕµÕ∫ πÕß§«“¡µâÕß°“√†·≈–«‘∂’™’«‘µ¢Õß≈Ÿ°§â“‰¥â‡ªìπÕ¬à“ß¥’†ªí®®ÿ∫—π¡’‡ªî¥¥”‡π‘π°“√Õ¬Ÿà†2†·Ààß†‰¥â·°à ™◊ËÕ‚§√ß°“√ (1) «ππÈ”·≈– «π πÿ° ≈’ ‚Õ·≈π¥å (2) ‰Õ´å ‡°µ

∂“π∑’µË ß—È ¥”‡π‘π°“√„ππ“¡ »Ÿπ¬å°“√§â“‡´Áπ∑√—≈†´‘µ’È ∫“ßπ“ ∫®.†∫“ßπ“†‡´Áπ∑√—≈†æ√ÁÕæ‡æÕ√åµ’È »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´“ °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬†4

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6) ∏ÿ√°‘®°“√„Àâ∫√‘°“√∑’Ë‡°’Ë¬«‡π◊ËÕß°—∫∏ÿ√°‘®Õ —ßÀ“√‘¡∑√—æ¬å „π∞“π–ºŸâ ∫ √‘ À “√»Ÿ π ¬å ° “√§â “ †∫√‘ …— ∑ œ†‰¥â ¥”‡π‘ π ∏ÿ √ °‘ ® °“√„Àâ ∫ √‘ ° “√∑’Ë ‡ °’Ë ¬ «‡π◊Ë Õ ß°— ∫ °“√æ— ≤ π“»Ÿ π ¬å ° “√§â “ §«∫§Ÿà ‰ª¥â « ¬†Õ— π ‰¥â · °à † ∏ÿ √ °‘ ® °“√„Àâ ∫ √‘ ° “√√–∫∫ “∏“√≥Ÿ ª ‚¿§†∫√‘ ° “√√— ° …“§«“¡ª≈Õ¥¿— ¬ †·≈–∫√‘ ° “√√— ° …“§«“¡ –Õ“¥ ¿“¬„π»Ÿπ¬å°“√§â“ ‚§√ß°“√ (1) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈æ≈“´“ ≈“¥æ√â“« (2) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈æ≈“´“ √“¡Õ‘π∑√“ (3) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈æ≈“´“ ªîòπ‡°≈â“ (4) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈‡ø µ‘«—≈ ‡´Áπ‡µÕ√å æ—∑¬“ (5) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈·Õ√åæÕ√åµ æ≈“´“ ‡™’¬ß„À¡à (6) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈´‘µ’È ∫“ßπ“ (7) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈æ≈“´“ √—™¥“ æ√–√“¡ 3 (8) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ æ≈“´“ æ√–√“¡ 2 (9) »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´“ (10) »Ÿπ¬å°“√§â“√—µπ“∏‘‡∫»√å ∑“«πå ‡´Áπ‡µÕ√å

¥”‡π‘π°“√„ππ“¡ ∫¡®.†‡´Áπ∑√—≈æ—≤π“ ∫®.†‡´Áπ∑√—≈‡√’¬≈µ’È‡´Õ√å«‘ ∫®.†‡´Áπ∑√—≈‡√’¬≈µ’È‡´Õ√å«‘ ∫®. ‡´Áπ∑√—≈‡√’¬≈µ’È‡´Õ√å«‘ ∫®.†‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à ∫®.†∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È ∫®.†‡´Áπ∑√—≈‡√’¬≈µ’È‡´Õ√å«‘ æ√–√“¡3 ∫®.†‡´Áπ∑√—≈æ—≤π“ æ√–√“¡2 ∫®.†‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´“ ∫®.†‡´Áπ∑√—≈æ—≤π“ √—µπ“∏‘‡∫»√å

πÕ°®“°π’È†∫¡®.‡´Áπ∑√—≈æ—≤π“†¬—ßª√–°Õ∫∏ÿ√°‘®√—∫®â“ß∫√‘À“√‚§√ß°“√†∫√‘À“√°“√¢“¬†·≈–∫√‘À“√»Ÿπ¬å°“√§â“¥â«¬ ‚¥¬‡√’¬°‡°Á∫§à“∏√√¡‡π’¬¡·≈–§à“∫√‘°“√¥—ß°≈à“«

PAGE 057

Nature of Business

Central†Pattana†Public†Company†Limited†has†operated†retail†property†business†for†more†than 20†years†by†focusing†on†continuous†development†of†retail†space†for†rent.†Currently,†the†Company has†managed†and†owned†10†projects.†The†business†of†the†Company†and†its†subsidiaries, †comprises of 6 following categories; 1) Shopping Center The Company has 10 existing shopping centers as follows; Project (1) Central Plaza Lardprao (2) Central Plaza Ramindra (3) Central Plaza Pinklao (4) Central Festival Center Pattaya (5) Central Airport Plaza Chiangmai (6) Central Plaza Ratchada Rama III (7) Central City Bangna (8) Central Plaza Rama II (9) Central World Plaza (10) Rattanathibet Town Center

Operated by Central Pattana Plc. Central Pattana Plc. Central Pattana Plc. Central Pattana Plc. Central Pattana Chiangmai Co.,Ltd. Central Pattana Rama 3 Co.,Ltd. Bangna Central Property Co.,Ltd. Central Pattana Rama 2 Co.,Ltd. Thai Business Fund 4 Central Pattana Rattanathibet Co.,Ltd.

Opening/Acquiring December 1982 November 1993 March 1995 July 1995 March 1996 October 1997 September 2001 (Acquiring) December 2002 December 2002 (Acquiring) December 2003 (Acquiring)

2) Office Building Office buildings†have†been†developed†to†compliment†with†the†shopping†centers.†There†are 3 existing office buildings in 3 locations as follows; Location (1) Central Plaza Lardprao (2) Central Plaza Pinklao (3) Central City Bangna

Operated by Central Pattana Plc. Central Pattana Plc. Bangna Central Property Co.,Ltd.

Opening/Acquiring December 1982 March 1995 September 2001 (Acquiring)

Central†World†Tower†Co.,Ltd.,†its†80%†subsidiary†is†constructing†the†çCentral†World†Toweré, an†office†building†in†the†Central†World†Plaza†project†which†expected†to†finish†and†open†in†the†3rd†quarter of†the†year†2004†(details†as†in†çFuture†Projecté)

PAGE 058

3) Residential The Company has 2 residential buildings as follow; Project (1) Langsuan Colonnade (2)†Central City Residence

Operated by Opening/Acquiring Langsuan Realty Co.,Ltd. June 1993 Bangna Central Property Co.,Ltd. September 2001

4) Food and Beverages The Company has 8 food centers in shopping centers as follow; Location (1) Central Plaza Lardprao (2) Central Plaza Pinklao (3) Central Airport Plaza Chiangmai (4) Central City Bangna (5) Central Plaza Ratchada Rama III (6) Central Plaza Rama II (7) Central World Plaza (8) Rattanathibet Town Center

Operated by Central Food Avenue Co.,Ltd. Central Food Avenue Co.,Ltd. Central Pattana Chiangmai Co.,Ltd. Bangna Central Property Co.,Ltd. Central Realty Services Rama III Co.,Ltd Central Pattana Rama 2 Co.,Ltd. Central World Plaza Co.,Ltd. Central Pattana Rattanathibet Co.,Ltd.

5) Amusement & Water Park Although†amusement†&†water†park†is†not†the†main†business†of†the†Company,†it†can†create customer traffic and serve their life style. There are currently 2 projects as follow; Project Location Operated by (1) LeoLand Amusement & Water Park Central City Bangna Bangna Central Property Co.,Ltd. (2) Ice Skate Central World Plaza Thai Business Fund 4

PAGE 059

6) Shopping Center Services The Company has provided services and facilities which related to the existing shopping centers such as utilities, security and cleaning service. Project (1) Central Plaza Lardprao (2) Central Plaza Ramindra (3) Central Plaza Pinklao (4) Central Festival Center Pattaya (5) Central Airport Plaza Chiangmai (6) Central City Bangna (7) Central Plaza Ratchada Rama III (8) Central Plaza Rama II (9) Central World Plaza (10) Rattanathibet Town Center

Operated by Central Pattana Plc. Central Realty Services Co.,Ltd. Central Realty Services Co.,Ltd. Central Realty Services Co.,Ltd. Central Pattana Chiangmai Co.,Ltd. Bangna Central Property Co.,Ltd. Central Realty Services Rama III Co.,Ltd Central Pattana Rama 2 Co.,Ltd. Central World Plaza Co.,Ltd. Central Pattana Rattanathibet Co.,Ltd.

In†addition,†the†Company†also†provides†management†services†including†development, leasing†and†property†management.†It†charges†management†fee†and†leasing†fee†for†such†services.

PAGE 060

·ºπ¿Ÿ¡‘· ¥ß∫√‘…—∑œ ∫√‘…—∑¬àÕ¬ ·≈–∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß

∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) Central Pattana Public Company Limited

99.99%

∫®.‡´Áπ∑√—≈‡√’¬≈µ’È ‡´Õ√å«‘ Central Realty Services Co.,Ltd.

99.99%

∫®.‡´Áπ∑√—≈øŸÑ¥ Õ‡«π‘« Central Food Avenue Co.,Ltd.

99.99%

∫®.À≈—ß «π ‡√’¬≈µ’È Langsuan Realty Co.,Ltd.

➔

99.99%

➔

∫®.‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 Central Pattana Rama 2 Co.,Ltd.

99.99%

∫®.‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à Central†Pattana†Chiangmai†Co.,Ltd.

99.99%

∫®.‡´Áπ∑√—≈æ—≤π“ √—µπ“∏‘‡∫»√å* Central Pattana Rattanathibet Co.,Ltd.

78.13%

∫®.‡´Áπ∑√—≈æ—≤π“ ¢Õπ·°àπ Central Pattana Khon Kaen Co.,Ltd.

60.53%

∫®.‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 3 Central Pattana Rama 3 Co.,Ltd.

60.00%

∫®.‡´Áπ∑√—≈æ—≤π“ ™≈∫ÿ√’ Central Pattana Chonburi Co.,Ltd.

60.00%

∫®.‡´Áπ∑√—≈æ—≤π“†‰ππå† ·§«√å Central†Pattana†Nine†Square†Co.,Ltd.

➔

98.99%

➔

∫®.∫“ßπ“‡´Á π ∑√— ≈ æ√Á Õ æ‡æÕ√å µ’È Bangna Central Property Co.,Ltd.

∑“ßµ√ß (Direct) 12.00%➔ ∑“ßÕâÕ¡ (Indirect) 3.00%

∫®. ¬“¡√’ ‡ ∑≈¥’ ‡ «≈≈Á Õ ª‡¡â π ∑å Siam Retail Development Co.,Ltd.

12.00%

∫®. ·§«√å √‘∑´å æ≈“´à“ Square Ritz Plaza Co.,Ltd.

11.85%

∫®.Õ¬ÿ∏¬“‡°…µ√∏“π’ Ayudhya Agrocity Co.,Ltd.

99.99%

∫®.‡´Áπ∑√—≈ ‡√’È¬≈µ’È ‡´Õ√å«‘ æ√–√“¡ 3 Central Realty Service Rama 3 Co.,Ltd.

➔

PAGE 061

100.00%**

81.58%**

°Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 4 Thai Business Fund 4

100.00%**

°Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 5 Thai Business Fund 5

➔

°Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 2 Thai Business Fund 2

➔

°Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 1 Thai Business Fund 1

➔

60.53%**

18.41%

18.13%➔

∫®.‡´Áπ∑√—≈†‡«‘≈¥å ∑“«‡«Õ√å Central World Tower Co.,Ltd.

➔

18.13%➔

∫®.‡´Áπ∑√—≈†‡«‘≈¥å æ≈“´“ Central World Plaza Co.,Ltd.

➔

80.00%➔

∫®.‡´Áπ∑√—≈ ‡æ≈¬å ·≈π¥å Central Play Land Co.,Ltd.

* ∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†√— µ π“∏‘ ‡ ∫»√å † ®Ì “ °— ¥ †‡ª≈’Ë ¬ π™◊Ë Õ ®“°†∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†‚§√“™†®Ì “ °— ¥ †‡¡◊Ë Õ «— π ∑’Ë † 8†∏— π «“§¡†2546 Central†Pattana†Rattanathibet†Co.,†Ltd.†had†renamed†from†Central†Pattana†Ko†Raj†Co.,†Ltd.†on†December†8,†2003 ** · ¥ß‡©æ“– —¥ à«π¢ÕßºŸâ∂◊ÕÀπà«¬≈ß∑ÿπª√–‡¿∑‡®â“¢Õß†‰¡à√«¡ºŸâ∂◊ÕÀπà«¬≈ß∑ÿπª√–‡¿∑‡®â“Àπ’È Show†only†the†part†of†owner†type†unitholder,†not†include†lender†type†unitholder

75.20%

61.87%

PAGE 062

‚§√ß √â“ß√“¬‰¥â¢Õß∫√‘…—∑ ·≈–∫√‘…—∑¬àÕ¬

ª√–‡¿∑¢Õß√“¬‰¥â / ¥”‡π‘π°“√‚¥¬

√“¬‰¥â§à“‡™à“·≈–§à“∫√‘°“√®“° - ∫¡®.†‡´Áπ∑√—≈æ—≤π“ (1) - ∫®.†‡´Áπ∑√—≈‡√’¬≈µ’È ‡´Õ√å«‘ (1) - ∫®.†‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 3(2) - ∫®.†‡´Áπ∑√—≈‡√’¬≈µ’È ‡´Õ√å«‘ æ√–√“¡ 3 (2) - ∫®.†‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à - ∫®.†∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È - ∫®.†‡´Áπ∑√—≈ ‡æ≈¬å ·≈π¥å - ∫®.†‡´Áπ∑√—≈æ—≤π“ ¢Õπ·°àπ - ∫®.†À≈—ß «π‡√’¬≈µ’È - ∫®.†‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 (4) - ∫®.†‡´Áπ∑√—≈ ‡«‘≈¥å†æ≈“´“ (5) - ∫®.†‡´Áπ∑√—≈æ—≤π“ √—µπ“∏‘‡∫»√å (6) √“¬‰¥â®“°°“√¢“¬Õ“À“√·≈–‡§√◊ËÕß¥◊Ë¡ - ∫®. ‡´Áπ∑√—≈øŸÑ¥Õ‡«π‘« (3) - ∫®. ‡´Áπ∑√—≈‡√’¬≈µ’È ‡´Õ√å«‘ æ√–√“¡3 (2) - ∫®. ‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à - ∫®. ∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È - ∫®. ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 (4) - ∫®. ‡´Áπ∑√—≈ ‡«‘≈¥å†æ≈“´“ (5) - ∫®. ‡´Áπ∑√—≈æ—≤π“ √—µπ“∏‘‡∫»√å (6) ¥Õ°‡∫’¬È √—∫ Õ◊πË Ê √«¡√“¬‰¥â

% ªï 2546 °“√∂◊ÕÀÿâπ ®Ì“π«π %

ªï 2545 ®Ì“π«π %

ªï 2544 ®Ì“π«π %

4,840

87.4%

3,361

87.2%

2,720

87.7%

342

6.2%

249

6.5%

230

7.4%

33 325

0.6% 5.9%

83 163

2.2% 4.2%

39 112

1.3% 3.6%

99.99% 60.53% 60.53% 99.99% 98.99% 80.00% 78.13% 99.99% 99.99% 80.00% 99.99% 99.99% 60.53% 99.99% 98.99% 99.99% 80.00% 99.99%

5,540 100.0%

3,856 100.0%

3,101 100.0%

À¡“¬‡Àµÿ : ‰¡à√«¡°”‰√®“°Õ—µ√“·≈°‡ª≈’Ë¬π, °”‰√®“°°“√´◊ÈÕÀÿâπ°Ÿâ·ª≈ß ¿“æ, ·≈–°”‰√®“°°“√®”Àπà“¬‡ß‘π≈ß∑ÿπ (1) √“¬‰¥â§à“‡™à“·≈–√“¬‰¥â§à“∫√‘°“√‡ªìπ√“¬‰¥â∑’Ë¡“®“°‚§√ß°“√‡´Áπ∑√—≈ æ≈“´“ ≈“¥æ√â“«, ‡´Áπ∑√—≈ æ≈“´“ √“¡Õ‘π∑√“, ‡´Áπ∑√—≈ æ≈“´“ ªîòπ‡°≈â“ ·≈–‡´Áπ∑√—≈ ‡ø µ‘«—≈ ‡´Áπ‡µÕ√å æ—∑¬“ (2) ∫√‘…—∑‰¥â „™â«‘∏’√«¡µ“¡ —¥ à«π„π°“√π”‡ πÕß∫°“√‡ß‘π√«¡ µ—Èß·µà«—π∑’Ë 1 ¡°√“§¡ 2543 (3) √“¬‰¥â®“°°“√¢“¬Õ“À“√·≈–‡§√◊ËÕß¥◊Ë¡‡ªìπ√“¬‰¥â∑’Ë¡“®“°‚§√ß°“√‡´Áπ∑√—≈ æ≈“´“ ≈“¥æ√â“« ·≈–‡´Áπ∑√—≈ æ≈“´“ ªîòπ‡°≈â“ (4) ∫√‘…—∑√«¡√“¬‰¥â ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 ®”°—¥ µ—Èß·µà‡ªî¥¥”‡π‘π°“√„π«—π∑’Ë 5 ∏—π«“§¡ 2545 (5) ∫√‘…—∑√«¡√“¬‰¥â ∫√‘…—∑ ‡´Áπ∑√—≈†‡«‘≈¥å æ≈“´“ ®”°—¥†µ—Èß·µà‡¢â“´◊ÈÕ‚§√ß°“√·≈–‡√‘Ë¡∫√‘À“√ß“π„π«—π∑’Ë 23 ∏—π«“§¡†2545 (6) ∫√‘…—∑√«¡√“¬‰¥â ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“†√—µπ“∏‘‡∫»√å ®”°—¥ µ—Èß·µà‡¢â“´◊ÈÕ‚§√ß°“√·≈–‡√‘Ë¡∫√‘À“√ß“π„π«—π∑’Ë 30 ∏—π«“§¡ 2546

PAGE 063

The Revenue Structure of the Company and it Subsidiaries

Type of Revenue / Operated By

Rental and Service Revenues - Central Pattana PLC. (1) - Central Realty Services Co., Ltd. (1)(2) - Central Pattana Rama 3 Co., Ltd. - Central Realty Services Rama 3 Co., Ltd. (2) - Central Pattana Chiangmai Co., Ltd. - Bangna Central Property Co.,Ltd. - Central Play Land Co.,Ltd - Central Pattana Khon Kaen Co.,Ltd. - Langsuan Realty Co.,Ltd. - Central Pattana Rama 2 Co.,Ltd. (4) - Central World Plaza Co.,Ltd. (5) - Central Pattana Rattanathibet Co.,Ltd. (6) Food and Beverage Revenue (3) - Central Food Avenue Co., Ltd. - Central Realty Services Rama 3 Co., Ltd. (2) - Central Pattana Chiangmai Co., Ltd. - Bangna Central Property Co.,Ltd. (4) - Central Pattana Rama 2 Co.,Ltd. - Central World Plaza Co.,Ltd. (5) - Central Pattana Rattanathibet Co.,Ltd. (6) Interest Income Others Total Revenue

% Year 2003 Shareholders Amount %

Year 2002 Amount %

Year 2001 Amount %

4,840

87.4%

3,361

87.2%

2,720

87.7%

342

6.2%

249

6.5%

230

7.4%

33 325

0.6% 5.9%

83 163

2.2% 4.2%

39 112

1.3% 3.6%

99.99% 60.53% 60.53% 99.99% 98.99% 80.00% 78.13% 99.99% 99.99% 80.00% 99.99%

99.99% 60.53% 99.99% 98.99% 99.99% 80.00% 99.99%

5,540 100.0%

3,856 100.0%

Remark : Excluded gain on exchage rate, gain from ECD buyback, and gain from disposal of assets. (1) Rental and Service Revenues were derived from Central Plaza Lardprao, Central Plaza Ramindra, Central Plaza Pinklao and Central Festival Center Pattaya. (2) Since January 1st, 1999, the Company has consolidated revenues in proportion of stake in its subsidiaries. (3) Food and Beverage Revenues were derived from Central Plaza Lardprao and Central Plaza Pinklao (4) The revenues of Central Pattana Rama†2 Co.,Ltd. has consolidated in the financial statement since December 5, 2002 (opening date) (5) The revenues of Central World Plaza Co.,Ltd. has consolidated in the financial statement since December 23, 2002 (acquisition date) (6) The revenues of Central Pattana Rattanathibet Co., Ltd.†has consolidated†in†the†financial†statement since December†30,†2003†(acquisition date)

3,101 100.0%

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°“√‡ª≈’Ë¬π·ª≈ß∑’Ë Ì“§—≠„πªï 2546

„πªï † 2546†∑’Ë ºà “ π¡“∫√‘ …— ∑ œ¬— ß §ß¡ÿà ß ‡πâ π ‰ª∑’Ë ° “√¢¬“¬ß“π·≈–ª√— ∫ ª√ÿ ß »Ÿ π ¬å ° “√§â “ ªí ® ®ÿ ∫— π ‡æ◊Ë Õ „Àâ Õ¥§≈â Õ ß°— ∫ «‘ ∂’ ™’ «‘ µ †·≈–§«“¡µâ Õ ß°“√¢Õß∑—È ß ºŸâ ‡ ™à “ æ◊È π ∑’Ë † ·≈–ºŸâ ‡ ¢â “ ¡“„™â ∫ √‘ ° “√„π»Ÿ π ¬å ° “√§â “ †‰¡à «à “ ®–‡ªì π °“√‡¢â “ ´◊È Õ ‚§√ß°“√‡æ◊Ë Õ ¢¬“¬ ∞“π≈Ÿ ° §â “ ÕÕ°‰ª„π∑”‡≈„À¡à Ê †À√◊ Õ °“√ª√— ∫ ª√ÿ ß √Ÿ ª ≈— ° …≥å ∑—È ß ¿“¬„π·≈–¿“¬πÕ°»Ÿ π ¬å ° “√§â “ ∑’Ë ¡’ Õ ¬Ÿà „ Àâ ∑— π ¡— ¬ µ≈Õ¥‡«≈“ √«¡∂÷ß°“√¥÷ßºŸâª√–°Õ∫°“√„À¡àÊ†‡¢â“¡“‡ªî¥¥”‡π‘π°“√„π»Ÿπ¬å°“√§â“†‡™àπ†øîµ‡π ‡´Áπ‡µÕ√å†√â“π§â“·ø™—Ëπ†‚√ß¿“æ¬πµ√å √–∫∫¡— ≈ µ‘ ‡ æ≈Á ° ´å † ·≈–¿— µ µ“§“√µà “ ßÊ†‡æ◊Ë Õ √â “ ß§«“¡·ª≈°„À¡à · ≈–§√∫§√— π „Àâ °— ∫ ºŸâ ¡ “„™â ∫ √‘ ° “√ ‚¥¬ √ÿ ª „πªï ∑’Ë ºà “ π¡“∫√‘ …— ∑ œ¡’ ° “√‡ª≈’Ë ¬ π·ª≈ß∑’Ë ”§— ≠ Ê†¥— ß µà Õ ‰ªπ’È ë 3 ¡°√“§¡ 2546 ®¥∑–‡∫’¬π≈¥¡Ÿ≈§à“Àÿâπ¢Õß∫√‘…—∑†‚¥¬°“√·µ°¡Ÿ≈§à“Àÿâπ®“°Àÿâπ≈–†10†∫“∑†‡ªìπ¡Ÿ≈§à“Àÿâπ≈–†5†∫“∑†‡æ◊ËÕ‡æ‘Ë¡ ¿“æ§≈à Õ ß„Àâ °— ∫ Àÿâ π ¢Õß∫√‘ …— ∑ œ ë 6 ¡’π“§¡ 2546 ∫√‘ …— ∑ œ†‰¥â ®— ¥ µ—È ß °Õß∑ÿ π √«¡∏ÿ √ °‘ ® ‰∑¬†5†‡æ◊Ë Õ √–¥¡∑ÿ π ‰«â „ Àâ ∫ √‘ …— ∑ †‡´Á π ∑√— ≈ †‡æ≈¬å † ·≈π¥å † ®”°— ¥ †™”√–Àπ’È µ “¡ — ≠ ≠“ª√— ∫ ‚§√ß √â “ ßÀπ’È · °à ∫ √√…— ∑ ∫√‘ À “√ ‘ π ∑√— æ ¬å ‰ ∑¬†·≈–‡ªì π ‡ß‘ π ≈ß∑ÿ π ”À√— ∫ °“√ª√— ∫ ª√ÿ ß ‚§√ß°“√ ‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“ ë 2 ‡¡…“¬π 2546 ∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑†§√—Èß∑’Ë†2/2546†Õπÿ¡—µ‘°“√®à“¬‡ß‘π™¥‡™¬†·≈–§à“‡™à“‡æ‘Ë¡‡µ‘¡„Àâ°—∫°“√√∂‰ø·Ààß ª√–‡∑»‰∑¬†®”π«π†314.94†≈â“π∫“∑†‚¥¬·∫àß‡ªìπ‡ß‘π™¥‡™¬√“¬‰¥â °àÕπªï†2546†®”π«π†95.7†≈â “π∫“∑, §à “ ‡™à “ ‡æ‘Ë ¡ ‡µ‘ ¡ ”À√— ∫ ªï † 2546†®”π«π†24.94†≈â “ π∫“∑†·≈–‡ªì π §à “ ‡™à “ ‡æ‘Ë ¡ ‡µ‘ ¡ ”À√— ∫ ªï † 2547†‡ªì π µâ π ‰ª ®”π«π†194.3†´÷Ëß®–·∫àß™”√–‡ªìπ√“¬ªï†ªï≈–†38.86†≈â“π∫“∑†®π°«à“®–§√∫°”Àπ¥Õ“¬ÿ —≠≠“‡™à“„πªï†2551 ë 9 ‡¡…“¬π 2546 ‡ªî ¥ ¥”‡π‘ π °“√‚§√ß°“√‡´Á π ∑√— ≈ †·Õ√å æ Õ√å µ †æ≈“´“†‡™’ ¬ ß„À¡à † ‡ø †2†∫’ † ¥â « ¬Õ— µ √“°“√‡™à “ æ◊È π ∑’Ë Ÿ ß °«à “ †85% · ¥ß„Àâ ‡ ÀÁ π ∂÷ ß º≈µÕ∫√— ∫ ∑’Ë ¥’ ® “°ºŸâ ‡ ™à “ æ◊È π ∑’Ë † ´÷Ë ß √Ÿ ª ·∫∫¢Õß»Ÿ π ¬å ° “√§â “ ‰¥â º ¡º “π°“√§â “ ª≈’ ° ¡— ¬ „À¡à °— ∫ «— ≤ π∏√√¡¿“§‡Àπ◊ Õ ‰«â ‡ ªì π Õ¬à “ ß¥’ † ‚¥¬°“√ √â “ ß‚´π ‘ π §â “ æ◊È π ‡¡◊ Õ ß∑“ß¿“§‡Àπ◊ Õ †Õ— π ‰¥â · °à † °“¥À≈«ß (µ≈“¥ ¥µ‘¥·Õ√å)†Northern†Village†(‚´π¢“¬ ‘π§â“æ◊Èπ‡¡◊Õß∑“ß¿“§‡Àπ◊Õ)†πÕ°®“°π’È¬—ß‰¥â √â“ß†AQUARIUM ´÷Ë ß √«∫√«¡ª≈“∑–‡≈À≈“°™π‘ ¥ †‡æ◊Ë Õ ‡ªì π ·À≈à ß §«“¡√Ÿâ „Àâ°—∫‡¬“«™π„π¿“§‡Àπ◊Õ ë 18 °√°Æ“§¡ 2546 ‡æ‘Ë ¡ ∑ÿ π ®”π«π†999,997,600†∫“∑†‚¥¬°“√‡ πÕ¢“¬Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ · ª≈ß ¿“æ‡ªì π Àÿâ π “¡— ≠ ‰¥â „ Àâ · °à °Õß∑ÿ π ‡æ◊Ë Õ °“√√à « ¡≈ß∑ÿ π †(Thailand†Equity†Fund)†´÷Ë ß ‡ªì π °Õß∑ÿ π ∑’Ë ®— ¥ µ—È ß ‚¥¬§«“¡√à « ¡¡◊ Õ ¢Õß√— ∞ ∫“≈‰∑¬ °—∫°≈ÿà¡π—°≈ß∑ÿπ ∂“∫—π∑’Ë¡’™◊ËÕ‡ ’¬ß∑—Èß„π·≈–µà“ßª√–‡∑»†®”π«π†35,714,200†Àÿâπ†„π√“§“Àÿâπ≈–†28†∫“∑ æ√âÕ¡∑—Èß·µàßµ—Èß§ÿ≥§√√™‘µ†∫ÿπ–®‘π¥“†µ—«·∑π®“°°Õß∑ÿπ‡æ◊ËÕ°“√√à«¡≈ß∑ÿπ†‡¢â“‡ªìπ°√√¡°“√∫√‘…—∑†µ“¡¡µ‘ ∑’Ë ª √–™ÿ ¡ §≥–°√√¡°“√∫√‘ …— ∑ †§√—È ß ∑’Ë † 4/2546†‡¡◊Ë Õ «— π ∑’Ë † 20†æƒ…¿“§¡†2546†‚¥¬À≈— ß ®“°°“√‡æ‘Ë ¡ ∑ÿ π ∫√‘…—∑¡’∑ÿπ®¥∑–‡∫’¬π√«¡∑—Èß ‘Èπ 2,178,816,000 ∫“∑

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ë 11 ∏—π«“§¡ 2546 ®—¥ ß“π†çRefresh†Renew†Reinventé†‡æ◊Ë Õ ‡ªî ¥ ‚©¡„À¡à ‚ §√ß°“√‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“†À≈— ß ®“°‰¥â ∑”°“√ª√— ∫ ‡ª≈’Ë¬π¿“æ≈—°…≥å „À¡à∑—Èß¿“¬„π·≈–¿“¬πÕ°»Ÿπ¬å°“√§â“ ´÷Ëß§“¥«à“®– “¡“√∂¥÷ß¥Ÿ¥≈Ÿ°§â“„Àâ¡“„™â∫√‘°“√‡æ‘Ë¡¡“°¢÷Èπ Õ— π ®– à ß º≈„Àâ ∫ √‘ …— ∑ œ† “¡“√∂‡æ‘Ë ¡ √“¬‰¥â §à “ ‡™à “ ®“°»Ÿ π ¬å ° “√§â “ π’È ‰ ¥â „πÕπ“§µ†3-5†ªï¢â“ßÀπâ“ ë 19 ∏—π«“§¡ 2546 ∫√‘ …— ∑ †‡´Á π ∑√— ≈ †‡æ≈¬å † ·≈π¥å † ®”°— ¥ †‰¥â ®à “ ¬™”√–§◊ π Àπ’È µ “¡ — ≠ ≠“ª√— ∫ ‚§√ß √â “ ßÀπ’È ∑—È ß ®”π«πµ“¡ — ≠ ≠“ ª√— ∫ ‚§√ß √â “ ßÀπ’È „ Àâ °— ∫ ∫√√…— ∑ ∫√‘ À “√ ‘ π ∑√— æ ¬å ‰ ∑¬†‡ªì π ®”π«π‡ß‘ π ª√–¡“≥†415†≈â “ π∫“∑† à ß º≈„Àâ ∫ √‘ …— ∑ ¡’°”‰√®“°°“√®à“¬™”√–§◊πÀπ’È¥—ß°≈à“«ª√–¡“≥ 67 ≈â“π∫“∑†„πªï†2546 ë 30 ∏—π«“§¡ 2546 ∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†√— µ π“∏‘ ‡ ∫»√å † ®”°— ¥ †∫√‘ …— ∑ ¬à Õ ¬∑’Ë ∫ √‘ …— ∑ ∂◊ Õ Àÿâ π †99.99%†‡¢â “ ´◊È Õ ‚§√ß°“√√— µ π“∏‘ ‡ ∫»√å ∑“«πå † ‡´Á π ‡µÕ√å † (ç ¬“¡®— ‚°â † √— µ π“∏‘ ‡ ∫»√å é †‡¥‘ ¡ )†‡ªì π »Ÿ π ¬å ° “√§â “ „π√Ÿ ª ·∫∫†Stand†Alone†Shopping Center†µ—È ß Õ¬Ÿà ∫ πæ◊È π ∑’Ë ¥‘ π ¢π“¥†48†‰√à † ¥â “ πÀπâ “ µ‘ ¥ ∂ππ√— µ π“∏‘ ‡ ∫»√å † ¥â « ¬‡ß‘ π ≈ß∑ÿ π †650†≈â “ π∫“∑ ´÷Ëß°“√‡¢â“´◊ÈÕ‚§√ß°“√π’È™à«¬„Àâ∫√‘…—∑¡’ à«π·∫àß°“√µ≈“¥‡æ‘Ë¡¢÷Èπ·≈–¢¬“¬∞“π≈Ÿ°§â“‰ª¬—ß∑‘»µ–«—πµ°‡©’¬ß‡Àπ◊Õ ¢Õß°√ÿ ß ‡∑æœ†·≈–®— ß À«— ¥ ππ∑∫ÿ √’ † ·≈–∫√‘ …— ∑ œ¡’ · ºπ∑’Ë ® –æ— ≤ π“‚§√ß°“√„À¡à ∫ π∑’Ë ¥‘ π ¥— ß °≈à “ «„πÕπ“§µ ”À√—∫‚§√ß°“√‡´Áπ∑√—≈†‡«‘≈¥å†æ≈“´“†Õ¬Ÿà√–À«à“ß°“√ª√—∫ª√ÿßÕ“§“√»Ÿπ¬å°“√§â“†·≈–°àÕ √â“ßÕ“§“√ ”π—°ß“π ‡´Áπ∑√—≈ ‡«‘≈¥å ∑“«‡«Õ√å (‚ª√¥¥Ÿ√“¬≈–‡Õ’¬¥„πÀ—«¢âÕ†ç‚§√ß°“√„πÕπ“§µé)

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Major Events in 2003

In†2003,†the†Company†focused†on†its†business†expansion†and†improvement†of†existing properties†in†order†to†satisfy†needs†of†both†tenants†and†customers.†This†included†acquisition†of project†in†new†location†and†renovation†of†interior†and†exterior†of†existing†shopping†centers†to ensure†that†they†are†always†in†trend.†The†Company†also†brought†in†a†lot†of†new†tenants†into†its shopping†center†such†as†fitness†centers,†fashion,†multiplex†cinema†and†restaurants†to†create†more varieties for customers. In†summary,†in†the year 2003 the Company has major changes and events as follow; - January 3, 2003 Decreased†the†Company , s†share†value†by†par†split†from†10†Baht†per†share†to†5†Baht†per share†to increase liquidity of its share in the Stock Exchange of Thailand. - March 6,†2003 Set†up†the†Thai†Business†Fund†5.†The†proceed†was†used†to†finance†the†repayment†of†loan of†Central†Play†Land†Co.,Ltd†from†Thai†Asset†Management†Corporation†and†the†renovation of†Central City Bangna project. - April 2, 2003 The†Board†of†Directors†meeting†no.†2/2003†approved†the†payment†of†compensation and†additional†rental†to†the†State†Railway†of†Thailand†amounted†to†314.94†Million†Baht. This†comprise†of†compensation†for†revenue†of†the†years†prior†to†2003†amounted†to 95.7†Million†Baht,†additional†rental†for†the†year†2003†amounted†to†24.94†Million†Baht and†additional†rental†of†194.3†Million†Baht†divided†into†38.86†Million†Baht†per†annum commencing 2004 until the maturity of the lease in 2008. - April 9, 2003 Opened†the†Central†Airport†Plaza†Chiangmai†Phase†2B†with†over†85%†occupancy†rate. It†shown†good†response†from†tenants.†The†format†of†this†center†is†a†right†mixture†of modern†retail†trend†and†the†northern†culture†by†having†traditional†products†zone†such†as Kard†Luang†(Air†conditioned , †fresh†market),†Northern†Village†(Sell†traditional†products). Moreover†there†is†an†aquarium†which†collect†various†type†of†marine†fish†to†educate the†youths†in†the†north†part.

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- July 18, 2003 Increase†of†capital†amounted†to†999,997,600†Baht†by†issuance†of†convertible†preferred shares†of†35,714,200†shares†at†28†Baht†per†share†offer†to†Thailand†Equity†Fund,†a†special purpose†mutual†fund†participated†by†Thai†Government,†leading†international†and†local institutions.†Mr.Kanchit†Bunajinda,†the†representative†from†Thailand†Equity†Fund†has†been appointed†to†be†director†of†the†Company†according†to†the†resolution†of†Board†of†Directors Meeting†No.4/2003†on†May†20,†2003.†After†the†increase†of†capital,†the†Registered†capital of†the†Company is†2,178,816,000 Baht. - December 11, 2003 Launched†çRefresh†Renew†Reinventé†campaign,†to†re-launch†Central†City†Bangna†after its†major†renovation†of†both†interior†and†exterior.†Number†of†shoppers†are†expected†to increase†substantially.†Therefore†the†Company†expected†to†increase†rental†revenue†from this center in the future,†within†3-5†years. - December 19, 2003 Central†Play†Land†Co.,Ltd.†has†prepaid†loan†from†the†Thai†Asset†Management†Corporation amounted†to†415†Million†Baht†resulting†in†gain†amounted†to†67†Million†Baht†for†the†year†2003. - December 30, 2003 Central†Pattana†Rattanathibet†Co.,Ltd.†,†a†99.99%†subsidiary†acquired†Rattanathibet Town†Center†(çSiam†Jusco†Rattanathibeté),†which†is†a†Stand†Alone†Shopping†Center†with land†area†of†48†Rai†on†Rattanathibet†Road.†Investment†in†this†project†is†650†Million†Baht. Such†acquisition†will†help†the†Company†to†increase†market†share†and†expand†its†customer base†to†the†Northwest†of†Bangkok†and†Nonthaburi.†The†Company†plans†to†redevelop†this project in the future. For†Central†World†Plaza†project†is†under†renovation†of†Shopping†Center†and†construction of†office†building†çCentral†World†Toweré. (Please†see†the†details in†çFuture†Projecté)

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¿“«–Õÿµ “À°√√¡·≈–°“√·¢àß¢—π ¿“«–Õÿ µ “À°√√¡§â“ª≈’°ªï 2546 ¿“«–∑—Ë « ‰ª „πªïæ.».†2546†∑’Ëºà“π¡“π—Èπ†¿“«–‡»√…∞°‘®¢Õß‰∑¬¡’‡ ∂’¬√¿“æ‡»√…∞°‘®Õ¬Ÿà „π‡°≥±å∑’Ëπà“æÕ„®†‚¥¬µ—«‡≈¢°“√º≈‘µ ¿“¬„πª√–‡∑»¡’°“√¢¬“¬µ—«Õ¬à“ßµàÕ‡π◊ËÕß†‡°‘π°«à“∑’Ë§“¥°“√≥å ‰«â ‚¥¬‡©æ“–ªïÀπâ“†°“√®â“ßß“π¢¬“¬µ—«µàÕ‡π◊ËÕß†Õ—µ√“‡ß‘π‡øÑÕ ∑√ßµ—«„π√–¥—∫µË”†¥ÿ≈°“√§â“·≈–¥ÿ≈∫—≠™’‡¥‘π –æ—¥¬—ß§ß‡°‘π¥ÿ≈ ·≈–‡ß‘π ”√Õß√–À«à“ßª√–‡∑»Õ¬Ÿà „π√–¥—∫ ŸßµàÕ‡π◊ËÕß†µ≈Õ¥®π ¿“«–°“√≈ß∑ÿ π ¢Õß¿“§‡Õ°™π·≈–°“√º≈‘ µ ‡æ◊Ë Õ °“√ à ß ÕÕ°¬— ß ¡’ · π«‚πâ ¡ ∑’Ë ¥’ µà Õ ‡π◊Ë Õ ß†¢≥–∑’Ë √ “¬‰¥â ‡ °…µ√°√®“°æ◊ ™ º≈À≈— ° °Á ¬— ß ‡æ‘Ë ¡ Ÿ ß †·≈–®”π«ππ— ° ∑à Õ ß‡∑’Ë ¬ «µà “ ß™“µ‘ ¢ ¬“¬µ— « ¥’ † à « πÀπ÷Ë ß ‡æ√“–π— ° ∑à Õ ß‡∑’Ë ¬ «µà “ ß™“µ‘ ‰ ¥â ™ –≈Õ°“√‡¥‘ π ∑“ß®“°™à « ß µâ π ªï ∑’Ë ¡’ § «“¡°— ß «≈‡°’Ë ¬ «°— ∫ ‚√§∑“ß‡¥‘ π À“¬„®‡©’ ¬ ∫æ≈— π √ÿ π ·√ß†(SARS)†¡“∑à Õ ß‡∑’Ë ¬ «„πƒ¥Ÿ ° “√∑à Õ ß‡∑’Ë ¬ «™à « ßª≈“¬ªï „π¥â “ π°“√§â “ ª≈’ ° ‡Õßπ—È π †ªï † 2546†π— ∫ «à “ ‡ªì π ªï ∑’Ë ¡’ ° “√·¢à ß ¢— π ·≈–¡’ ° “√¢¬“¬µ— « ¢Õß∏ÿ √ °‘ ® Ÿ ß †¥— ß ®–‡ÀÁ π ‰¥â®“°°“√‡√àß¢¬“¬ “¢“·≈–ª√–°“»‡ªî¥‚§√ß°“√„À¡àÊ†„Àâ∫√‘°“√„π™à«ßª≈“¬ªïÕ¬à“ßµàÕ‡π◊ËÕß Õ¬à“ß‰√°Áµ“¡ °Á¬—ß§ß¡’ªí®®—¬µà“ßÊ ∑—Èß¿“¬„π·≈–¿“¬πÕ°ª√–‡∑»∑’Ë¡’º≈µàÕÕÿµ “À°√√¡§â“ª≈’°¥—ßπ’È ªí ® ®— ¬ ∫«° - °“√ª√—∫Õ—π¥—∫§«“¡πà“‡™◊ËÕ∂◊Õ‚¥¬¡Ÿ¥’ å·≈– ·µπ¥“√å¥·Õπ¥åæ—« å°—∫µ√“ “√∑“ß°“√‡ß‘π∑’ËÕÕ°‚¥¬ ∂“∫—π°“√‡ß‘π‰∑¬ - ¿“«–¥Õ°‡∫’È ¬ µË” - °“√®â“ßß“π - ¿“«–°“√√–∫“¥¢Õß‚√§∑“ß‡¥‘πÀ“¬„®‡©’¬∫æ≈—π√ÿπ·√ß(SARS) ‡√‘Ë¡¬ÿµ‘ ºŸâ∫√‘‚¿§¡’§«“¡‡™◊ËÕ¡—Ëπ„π°“√ÕÕ°®“°∫â“π ‰ª®— ∫ ®à “ ¬¡“°¢÷È π - ß§√“¡Õ‘ √— ° ∑’Ë ‰¡à¬◊¥‡¬◊ÈÕµ“¡∑’Ë§“¥ àßº≈∑”„Àâ¿“«–‡»√…∞°‘®·≈–µ≈“¥Àÿâπ¥’¢÷Èπ∑—Èß„π À√—∞·≈–‰∑¬ ªí ® ®— ¬ ≈∫ - °“√ÕÕ°°ÆÀ¡“¬‡°’Ë¬«°—∫º—ß‡¡◊Õß∑—Ë«ª√–‡∑»„π√Õ∫„À¡à ¬—ß¡’§«“¡‰¡à·πàπÕπ ∑”„Àâ°“√¢¬“¬µ—«‚§√ß°“√„À¡àÊ ™–≈Õµ— « ‡æ◊Ë Õ ¥Ÿ § «“¡™— ¥ ‡®π - °“√¬ÿ µ‘ ¢ Õß‚√§∑“ß‡¥‘ π À“¬„®‡©’ ¬ ∫æ≈— π √ÿ π ·√ß†(SARS)†∑”„Àâ ª √–‡∑»µà “ ßÊ†„π‡Õ‡™’ ¬ †‡™à π †Œà Õ ß°ß† ‘ ß §‚ª√å ‡√à ß °“√øóô π µ— « ´÷Ë ß µâ Õ ß°√–µÿâ π ∑—È ß °“√∑à Õ ß‡∑’Ë ¬ «·≈– ‘ π §â “ †‚¥¬‡©æ“– ‘ π §â “ ·ø™—Ë π §ß®–¡’ ° “√≈¥√“§“ ‘ π §â “ ‡æ◊Ë Õ √–∫“¬ ‘ π §â “ ∑’Ë §â “ ß µÁ Õ °†π— ° ™Á Õ ª/π— ° ∑à Õ ß‡∑’Ë ¬ «§π‰∑¬®–‡¥‘ π ∑“ß‰ªµà “ ßª√–‡∑»°— π ¡“°¢÷È π »Ÿ π ¬å ° “√§â “ ∑’Ë ¡’ ∑”‡≈¥’ † ‡™à π †„®°≈“ß‡¡◊ Õ ß†À√◊ Õ ™“π‡¡◊ Õ ß´÷Ë ß ‡ªì π ™ÿ ¡ ™πÀπ“·πà π †¬— ß ‡ªì π ∑’Ë µâ Õ ß°“√¢ÕßºŸâ §â “ ª≈’ ° ∑’ËµâÕß°“√¢¬“¬∏ÿ√°‘®†‚¥¬∑”‡≈‡¥àπÊ†∫√‘‡«≥·¬°√“™ª√– ß§å-√“™¥”√‘- ÿ¢ÿ¡«‘∑†∂◊Õ‰¥â«à“‡ªìπæ◊Èπ∑’Ë†‡°√¥‡Õ†®–‡ªìπ∫√‘‡«≥ ∑’Ë ¡’ ° “√·¢à ß ¢— π Ÿ ß ¢Õß»Ÿ π ¬å ° “√§â “ ∑’Ë ¡’ ° ≈ÿà ¡ ≈Ÿ ° §â “ ∑ÿ ° √–¥— ∫ „π¬à “ ππ’È † ¥— ß π—È π »Ÿ π ¬å ° “√§â “ ‡Õßµâ Õ ß‡æ‘Ë ¡ »— ° ¬¿“æ°“√·¢à ß ¢— π ‚¥¬„™â ° ≈¬ÿ ∑ ∏å ° “√«“ßµ”·Àπà ß »Ÿ π ¬å † °“√ √â “ ß¿“æ≈— ° …≥å ° “√µ≈“¥·≈–°“√ª√–™“ — ¡ æ— π ∏å ‡ æ◊Ë Õ √â “ ß¡Ÿ ≈ §à “ ‡æ‘Ë ¡ „Àâ °— ∫ »Ÿ π ¬å ° “√§â “ ¡“°¢÷È π

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°“√·¢à ß ¢— π „π∏ÿ √ °‘ ® §â “ ª≈’ ° -†π‚¬∫“¬√—∞∫“≈‰¥â°”Àπ¥π‚¬∫“¬„π°“√º≈‘µ ‘π§â“Àπ÷Ëßµ”∫≈Àπ÷Ëßº≈‘µ¿—≥±å†(‚Õ∑ÁÕª)†‡æ◊ËÕ‡æ‘Ë¡Õ“™’æ·≈–√“¬‰¥â „Àâ °— ∫ ™ÿ ¡ ™π„π√–¥— ∫ √“°À≠â “ †‚¥¬¥÷ ß ·π«§‘ ¥ Àπ÷Ë ß µ”∫≈Àπ÷Ë ß º≈‘ µ ¿— ≥ ±å † ¢÷È π Àâ “ ß √√æ ‘ π §â “ Õ¬à “ ß‡´Á π ∑√— ≈ †„π™à « ß°“√®— ¥ ª√–™ÿ¡‡Õ‡ª§†·≈–°â“« Ÿàµ≈“¥‚≈°‚¥¬°“√π” ‘π§â“‚Õ∑ÁÕª‰ª· ¥ß„πß“π· ¥ß ‘π§â“„πµà“ßª√–‡∑»‡æ◊ËÕ„Àâ‡¢â“∂÷ßºŸâ´◊ÈÕ‚¥¬µ√ß -†°“√¢¬“¬µ—«¢Õß∏ÿ√°‘®§â“ª≈’°¢π“¥„À≠àª√– ∫°—∫°“√√«¡µ—«¢ÕßºŸâª√–°Õ∫°“√√“¬¬àÕ¬·≈–Õß§å°√ à«π∑âÕß∂‘Ëπ √«¡∂÷ ß ¡“µ√°“√°“√§«∫§ÿ ¡ ¢Õß∑“ß°“√‚¥¬‡©æ“–Õ¬à “ ß¬‘Ë ß °“√π”‡Õ“‡√◊Ë Õ ßº— ß ‡¡◊ Õ ß¡“‡ªì π ¡“µ√°“√Àπ÷Ë ß „π°“√¥Ÿ · ≈·≈– §«∫§ÿ ¡ ∏ÿ √ °‘ ® §â “ ª≈’ ° π’È † „π¢≥–‡¥’ ¬ «°— π ºŸâ ª √–°Õ∫°“√∏ÿ √ °‘ ® §â “ ª≈’ ° √“¬„À≠à ° ≈ÿà ¡ ¥‘ ‡§“πå ‚µ√å † µà “ ß°Á æ ¬“¬“¡∑’Ë ® –À— π ¡“„Àâ §«“¡ ”§— ≠ °— ∫ °“√®— ¥ °‘ ® °√√¡‡æ◊Ë Õ — ß §¡„π√Ÿ ª ·∫∫µà “ ßÊ†¡“°¢÷È π †‚¥¬æ¬“¬“¡®–‡πâ π ª√–™“ — ¡ æ— π ∏å „ Àâ “∏“√≥™π·≈– ºŸâ ∫ √‘ ‚ ¿§√— ∫ √Ÿâ «à “ †‰¥â ∑”ª√–‚¬™πå µ Õ∫·∑π — ß §¡‰∑¬·≈–°“√‡ªì π à « πÀπ÷Ë ß „π°“√æ— ≤ π“ — ß §¡‰∑¬Õ¬à “ ß‰√∫â “ ß -†¿“æ√«¡æ◊Èπ∑’Ë∏ÿ√°‘®§â“ª≈’°„π¬à“π™ÿ¡™π†À√◊Õµ“¡∂ππ‡ âπ ”§—≠¢Õß°√ÿß‡∑æœ†∑’Ë‡ªìπæ◊Èπ∑’Ë‡°√¥‡Õ†À“¬“°¡“°¢÷Èπ ∏ÿ √ °‘ ® ¥‘ ‡§“∑å ‚µ√å ¢ ÕßºŸâ ª √–°Õ∫°“√√“¬„À≠à · ≈–µà “ ß™“µ‘ ® –≈¥¢π“¥≈ßÕ— π ‡π◊Ë Õ ß®“°ª√–°“»¢Õß°√–∑√«ß¡À“¥‰∑¬ ·≈–ª√–°“»Õ∏‘ ∫ ¥’ ° √¡‚¬∏“∏‘ ° “√†·≈–º— ß ‡¡◊ Õ ß à ß º≈°√–∑∫µà Õ °“√§â “ ª≈’ ° √“¬„À≠à ∑’Ë ¡’ æ◊È π ∑’Ë ¡ “°°«à “ 1,000†µ“√“ß‡¡µ√ °”Àπ¥„Àâ µ—È ß Àà “ ß®“°‡¢µ‡¡◊ Õ ß†15†°‘ ‚ ≈‡¡µ√π—È π †∑”„Àâ ° “√¢¬“¬µ— « ¢Õß´Ÿ ‡ ªÕ√å ‚µ√å † ‰Œ‡ªÕ√å ¡ “√å ‡ °Á µ †¢¬“¬ “¢“≈”∫“° ·¡â ® –À— π ¡“ π„®≈ß∑ÿ π √â “ π§â “ ª≈’ ° ¢π“¥‡≈Á ° †À√◊ Õ §Õπ«’ ‡ π’Ë ¬ π ‚µ√å † ∑’Ë „ ™â æ◊È π ∑’Ë µË” °«à “ †300†µ“√“ß‡¡µ√†‡æ◊Ë Õ À≈’ ° ‡≈’Ë ¬ ß ¢âÕ°”Àπ¥º—ß‡¡◊Õß Õ“®¡’°“√™–≈Õ°“√¢¬“¬ “¢“‡ªìπ√–¬–‡«≈“ 6-12 ‡¥◊Õπ -†°≈ÿà ¡ Àâ “ ß √√æ ‘ π §â “ „À≠à Ê †‡™à π †‡´Á π ∑√— ≈ †‚√∫‘ π — π †·≈–‡¥Õ–¡Õ≈≈å † °√ÿä ª †æ¬“¬“¡‡πâ π √â “ ß§«“¡·µ°µà “ ß ‚¥¬°“√‡®“–‰≈øá ‰µ≈å¢Õß§π‡¡◊Õß¡“°°«à“°“√¢“¬ ‘π§â“√“§“∂Ÿ°†·≈–‡πâπ ‘π§â“·ø™—Ëπ·∫√π¥å‡π¡†·≈–„Àâ∫√‘°“√„π≈—°…≥– ¢Õß‡ÕÁπ‡µÕ√å‡∑π‡¡π∑å§√∫«ß®√

°“√·¢àß ¢—π ¢Õß»Ÿ π ¬å ° “√§â “ ”À√— ∫ »Ÿ π ¬å ° “√§â “ ∑’Ë ‡ ªî ¥ „Àâ ∫ √‘ ° “√·≈â « π—È π †·µà ≈ –»Ÿ π ¬å œ †‡πâ π °“√®— ¥ °‘ ® °√√¡ à ß ‡ √‘ ¡ °“√¢“¬‡æ◊Ë Õ ¥÷ ß ¥Ÿ ¥ ≈Ÿ ° §â “ ‰¡à«à“®–‡ªìπ°“√®—¥· ¥ß ‘π§â“µà“ßÊ†‡ªî¥µ—« ‘π§â“„À¡à†≈¥√“§“†°“√®—¥ª√–°«¥†Contest†µà“ßÊ†œ≈œ†‚¥¬°“√∑”†Promotion √à « ¡°— ∫ √â “ π§â “ „π»Ÿ π ¬å œ ‡æ◊Ë Õ °√–µÿâ π °”≈— ß ´◊È Õ ¢ÕßºŸâ ∫ √‘ ‚¿§ πÕ°®“°°‘ ® °√√¡ à ß ‡ √‘ ¡ °“√¢“¬»Ÿ π ¬å ° “√§â “ ·≈–Àâ “ ß √√æ ‘ π §â “ ¬— ß „Àâ § «“¡ ”§— ≠ °— ∫ °“√ª√— ∫ ª√ÿ ß ·≈–æ— ≤ π“ æ◊È π ∑’Ë „ À¡à Ê -†Àâ“ß √√æ ‘π§â“‡´Áπ∑√—≈† “¢“øî«‡®Õ√å†æ“√å§†√—ß ‘µ†√à«¡°—∫†4†æ—π∏¡‘µ√§◊Õ†‚Œ¡‡«‘√å§†‡æ“‡«Õ√å∫“¬´Ÿ‡ªÕ√å ªÕ√åµ ·≈–∫’ ∑Ÿ ‡ Õ †ª√— ∫ ª√ÿ ß æ◊È π ∑’Ë ¿ “¬„π¢ÕßÀâ “ ß„Àâ ¡’ ’ — π π„®‡¢â “ °— ∫ ‰≈øá ‰µ≈å ¢ Õß°≈ÿà ¡ ≈Ÿ ° §â “ æ√â Õ ¡‡æ‘Ë ¡ ·∫√π¥å ‘ π §â “ ™—È π π”µà “ ßÊ ‡æ◊Ë Õ „Àâ ‡ ªì π †One†Stop†Shopping†Õ¬à “ß·∑â®√‘ß -†°“√ª√— ∫ ‚©¡Õ— ¡ √‘ π ∑√å † æ≈“´“†¿“¬„µâ ™◊Ë Õ ‚§√ß°“√„À¡à † çErawan†Bangkoké†‚¥¬ª√— ∫ æ◊È π ∑’Ë »Ÿ π ¬å ° “√§â “ †5†™—È π °«à“ 13,000 µ“√“ß‡¡µ√ «“ß Concept ‡ªìπ Urban Chic -†‡¥Õ–¡Õ≈≈å ª √— ∫ ‚©¡†Sport†Mall† “¢“ß“¡«ß»å « “π‡¡◊Ë Õ «— π ∑’Ë † 1†æ.¬.†46†æ◊È π ∑’Ë ∑—È ß À¡¥†3,600†µ“√“ß‡¡µ√ √Ÿ ª ·∫∫¥’ ‰ ´πå ‡ ªì π ·∫∫∫Ÿ µ‘ § -†Big†C†√“™¥”√‘ª√—∫æ◊Èπ∑’Ë°«à“†25,000†µ“√“ß‡¡µ√†®—¥∑”‡ªìπ†EGV†Metropolis†Complex†ª√–°Õ∫‰ª¥â«¬øîµ‡π ‚∫«å ≈‘Ë ß †·≈–√â “ πÕ“À“√†∫π™—È π †5-6-7

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-†°“√®— ¥ ß“π†Grand†Launch†çRefresh-Renew-Reinvent†Central†City†Bangnaé† ”À√— ∫ °“√ª√— ∫ ‚©¡ ™—È π †5†6†·≈–†7†¢Õß»Ÿ π ¬å ° “√§â “ ‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“†„Àâ ‡ ªì π »Ÿ π ¬å √ «¡√â “ π§â “ ¬à Õ ¬†√â “ πÕ“À“√†·≈–»Ÿ π ¬å √ «¡ ‘ π §â “ ·ø™—Ë π ”À√— ∫ ºŸâ ∑’Ë ™◊Ë π ™Õ∫§«“¡∑— π ¡— ¬ -†°“√‡ªî¥µ—«¢Õß†Central Airport Plaza Chiang Mai »Ÿπ¬å°“√§â“„À¡à∑’Ë‡ªî¥„Àâ∫√‘°“√†§◊Õ†·ø™—Ëπ¡Õ≈≈åÕπÿ “«√’¬å™—¬œ†‡ªî¥∫√‘°“√‡¡◊ËÕ«—π∑’Ë†31†µ.§.†46†·≈–ª√–µŸπÈ”‡´Áπ‡µÕ√å ‡ªî¥∫√‘°“√‡¡◊ËÕ«—π∑’Ë 18 ∏.§. 46 à « π»Ÿ π ¬å ∑’Ë ¬— ß æ— ≤ π“Õ¬Ÿà §◊ Õ †Siam†Paragon†¢≥–π’È¥”‡π‘π°“√°àÕ √â“ß·≈–§“¥«à“®–‡ √Á®„πªï æ.». 2549

°“√æ—≤π“∑“ß°“√µ≈“¥·≈–‚§√ß°“√„À¡àÊ†¢Õß‡´Áπ∑√—≈æ—≤π“ ‡´Á π ∑√— ≈ æ— ≤ π“†‰¥â æ— ≤ π“‚§√ß°“√„À¡à Ê †·≈–ª√— ∫ ª√ÿ ß æ◊È π ∑’Ë ¢ Õß»Ÿ π ¬å ° “√§â “ µ“¡π‚¬∫“¬¢Õß∫√‘ …— ∑ §◊ Õ °“√‡ªì π ºŸâ π”„π°“√ √â “ ßπ«— µ °√√¡„À¡à Ê †∑’Ë Õ¥§≈â Õ ß·≈–µÕ∫√— ∫ °— ∫ æƒµ‘ ° √√¡¢ÕßºŸâ ∫ √‘ ‚ ¿§†´÷Ë ß ‡ª≈’Ë ¬ π·ª≈ßÕ¬Ÿà µ ≈Õ¥‡«≈“ à ß º≈ „Àâ »Ÿ π ¬å ° “√§â “ ∑’Ë ∫ √‘ À “√Õ¬Ÿà “¡“√∂ √â “ ß§«“¡æ÷ ß æÕ„®·≈– √â “ ß†Brand†Loyalty†Õ¬à “ ß Ÿ ß „Àâ °— ∫ ∑—È ß °≈ÿà ¡ √â “ π§â “ †(Tenants) ·≈–°≈ÿà ¡ ≈Ÿ°§â “†(Shoppers) „πªï 2546 ‰¥â¡’°“√ª√—∫ª√ÿß √â“ß‚´π„À¡à Ê ¿“¬„π·µà≈–»Ÿπ¬å°“√§â“„Àâ¡’§«“¡∑—π ¡—¬¥—ßπ’È§◊Õ 1.†‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“† ’Ë · ¬°√“™ª√– ß§å † ‡ªì π ‚§√ß°“√∑’Ë ∑ “ß∫√‘ …— ∑ ‡´Á π ∑√— ≈ æ— ≤ π“‰¥â √— ∫ ¡“æ— ≤ π“µà Õ ‡æ◊Ë Õ ∑”„Àâ ‡ ªì π »Ÿ π ¬å ° “√§â “ ∑’Ë „ À≠à ∑’Ë ÿ ¥ ¢Õßª√–‡∑»‰∑¬†„Àâ ‡ ªì π †Landmark†„À¡à † ‚¥¬¡’ Õ ß§å ª √–°Õ∫∑’Ë § √∫∂â « π†°≈à “ «§◊ Õ ‡ªì π ‚§√ß°“√·∫∫†Mixed-use†∑’Ë ¡∫Ÿ √ ≥å ∑’Ë ÿ ¥ †¡’ æ◊È π ∑’Ë √ «¡∑—È ß ‘È π †¡“°°«à “ Õß· π ’Ë À ¡◊Ë π µ“√“ß‡¡µ√†¡’ ‚ √ß·√¡√–¥— ∫ Àâ “ ¥“« °«à“†500†ÀâÕß·≈–†Convention†Center†√«¡∑—Èß†Office†Tower†‡°√¥‡Õ†45†™—Èπ†´÷Ëß∑—ÈßÀ¡¥π’È§“¥«à“‚§√ß°“√®–‡ √Á® ¡∫Ÿ√≥å „πªï†æ.».†2549 2.†°“√‡ªî¥µ—«¢Õß†Central†Airport Plaza Chiang Mai °“√¢¬“¬æ◊Èπ∑’Ë»Ÿπ¬å°“√§â“‡´Áπ∑√—≈†·Õ√åæÕ√åµ†æ≈“´“†‡™’¬ß„À¡à ‡ø †2B†®.‡™’¬ß„À¡à ‰ ¥â ‡ ªî ¥ „Àâ ∫ √‘ ° “√‰¥â „π‡¥◊Õπ ‡¡…“¬π∑”„Àâ ‡ ªì π »Ÿ π ¬å ° “√§â “ ∑’Ë ¡∫Ÿ √ ≥å · ∫∫¡“°∑’Ë ÿ ¥ „π¿“§‡Àπ◊ Õ †‚¥¬¡’ ° “√®— ¥ ß“π‡ªî ¥ ‚§√ß°“√Õ¬à “ ß¬‘Ë ß „À≠à · ≈–‰¥â √— ∫ °“√µÕ∫√—∫®“°ºŸâ∫√‘ ‚¿§Õ¬à“ß¥’¬‘Ëß†‡π◊ËÕß®“°¿“¬„π‚§√ß°“√ª√–°Õ∫¥â«¬·¡à‡À≈Á°¢π“¥„À≠à†‡™àπ†√â“π§â“∑’Ë¡’™◊ËÕ‡ ’¬ß®”π«π¡“° ∑—È ß ·ø™—Ë π †·≈–√â “ πÕ“À“√®”π«π°«à “ †200†√â “ π§â “ †≈â “ ππ“ŒÕ≈≈å † Àâ Õ ß‡Õπ°ª√– ß§å ¢ π“¥„À≠à ´÷Ë ß √Õß√— ∫ °“√®— ¥ ß“π‰¥â À≈“°À≈“¬†E-Center†»Ÿ π ¬å √ «¡ ‘ π §â “ §Õ¡æ‘ « ‡µÕ√å † ‚∑√»— æ ∑å ¡◊ Õ ∂◊ Õ ·≈–Õÿ ª °√≥å ‡ √‘ ¡ †πÕ√å ∏ ‡∑‘ √å π †«‘ ≈ ‡≈®†»Ÿ π ¬å √ «¡ ‘ π §â “ À— µ ∂°√√¡®“°∑“ß¿“§‡Àπ◊ Õ †°“¥À≈«ß†»Ÿ π ¬å √ «¡Õ“À“√·≈– ‘ π §â “ ∑’Ë √ –≈÷ ° ¢Õß∑“ß¿“§‡Àπ◊ Õ †·≈–∂◊ Õ «à “ ‡ªì π ‰Œ‰≈∑å ¢ Õß »Ÿ π ¬å ° “√§â “ ·Àà ß π’È † πÕ°®“°π’È ¬— ß ¡’ ®ÿ ¥ ¥÷ ß ¥Ÿ ¥ ∑’Ë ”§— ≠ †§◊ Õ †‡´Á π ∑√— ≈ †Õ–§«Õ‡√’Ë ¬ ¡†·∑ä ß §å ª ≈“∑–‡≈¢π“¥„À≠à † ´÷Ë ß ‡ªì π ®ÿ ¥ ∑’Ë ≈Ÿ ° §â “ ∑’Ë ‡ ¢â “ ¡“„™â ∫ √‘ ° “√‰¥â · «–‡«’ ¬ π¡“‡¬’Ë ¬ ¡™¡Õ¬à “ ß‰¡à ¢ “¥ “¬ 3.†ª√—∫ª√ÿß™—Èπ†4†»Ÿπ¬å°“√§â“‡´Áπ∑√—≈†´‘µ’È†∫“ßπ“†„Àâ‡ªìπ‚´π†E-Center†»Ÿπ¬å√«¡√â“π§â“§Õ¡æ‘«‡µÕ√å∑—Èß†Hardware ·≈–†Software†‚√ß‡√’¬π Õπ§Õ¡æ‘«‡µÕ√å†‚¥¬¡’√â“π§â“¢π“¥„À≠à∑’Ë‡ªìπ·¡à‡À≈Á°¿“¬„π‚´π§◊Õ √â“π IT†City ª√— ∫ ª√ÿ ß ¥â “ πÀπâ “ Õ“§“√»Ÿ π ¬å ° “√§â “ ‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“†„Àâ ¡’ § «“¡∑— π ¡— ¬ ·≈–‡¢â “ °— ∫ †Trend†∑’Ë‡ ª≈’Ë¬π·ª≈ß‰ª ·≈–‰¥â ®— ¥ ß“π‡ªî ¥ ‚©¡„À¡à „π‡¥◊Õπ∏—π«“§¡ „π¥â“π à«π·∫àß°“√µ≈“¥¢Õß‡´Áπ∑√—≈æ—≤π“π—Èπ†∫√‘…—∑œ†¡’ à«π·∫àß°“√µ≈“¥∑’Ë†32%†´÷Ëßπ—∫‰¥â«à“∫√‘…—∑œ†¡’ à«π ·∫àß∑“ß°“√µ≈“¥‡ªìπÕ—π¥—∫∑’Ë†1†¢Õßµ≈“¥»Ÿπ¬å°“√§â“∑—ÈßÀ¡¥¢Õßª√–‡∑»‰∑¬†(√“¬ß“π®“°†CB Richard Ellis)

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Industry and Competitive Analysis

Retail Industry in 2003 Overview Thailand's†economy†in†the†year†2003†experienced†steady†growth†and†domestic†production has†continued†to†increase†at†a†rate†better†than†expected.†Additional†jobs†have†been†created†and this†trend†is†expected†be†maintained†during†the†year†2004.†Low†inflation†rate,†a†positive†trade†and current†account†balance,†and†healthy†international†reserve†funds†have†resulted†from†increases†in private†sector†investments†and†growth†of†major†exports.†The†agricultural†sector†has†also†shown†strengths and†a†steady†flow†of†income†from†its'†major†products.†Despite†the†impact†of†SARS†during†the†early†part of†the†year,†the†number†of†tourists†have†still†increased,†year†on†year,†as†tourists†delayed†their†travel plans until the later months of 2003. On†the†retail†industry†front,†the†year†2003†witnessed†a†sharp†increase†in†investment activities,†and†heightened†competition†in†the†market†with†multiple†new†store†openings†throughout Bangkok†and other major cities in Thailand. However,†the†positive†aspects†for†the†Thai†retail†industry†were†tempered†by†a†corresponding number of negative factors and both can be summarized, as follows: Positive Factors ë†Both†Moody's†Investors†Service†and†Standard†&†Poor's†Corp.,†have†upgraded†Thailand's†credit ratings for financial instruments. ë Low interest rates. ë Growth of employment opportunities in the labour market ë†The†SARS†epidemic†was†controlled†and†overcome†and†retail†consumer†confidence†has returned to higher levels. ë†The†war†in†Iraq†ended†quickly†and†this†has†had†positive†overall†effects†on†the†US†and Thai economies and their respective Stock Markets. Negative Factors ë†Uncertainties†regarding†Thailand's†new†urban†planning†laws†have†created†an†unclear†picture for future development and expansion projects. ë†As†a†result†of†the†SARS†epidemic,†retail†spending†in†countries†such†as†Hong†Kong†and Singapore†were†greatly†impacted†and†sales†plummeted,†resulting†in†major†overstocks.†The†Governments of†these†countries†have†responded†actively†are†now†heavily†promoting†tourism†to†reactivate†their economies.†As†such,†a†greater†number†of†Thais†are†now†travelling†abroad†on†shopping†trips†rather than spending locally.

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Most†retail†shop†owners†now†prefer†Shopping†Centers†located†in†favorable†trading†areas, such†as†downtown†or†crowded†suburban†districts,†for†future†expansion†plans†and†Ratchaprasong, Ratchadamri,†and†Sukumvit†are†considered†grade-A†areas,†where†competition†is†the†most†active†in the†shopping†center†industry.†As†a†consequence,†Shopping†Center†operators†have†had†to†make increasing†efforts†to†increase†their†competitive†efficiency†by†focusing†on†the†positioning†and†marketing identity†of†their†developments†and†employ†extensive†public†relations†campaigns†to†promote†their competitive advantages. Retail Business Competition ë†The†government†policy to†promote†Thai†villagers'†know-how†and†generate†income†to grass-root†communities†under†the†'One†Tambon,†One†Product†(OTOP)'†campaign†has†led†to new†sales†activities†in†Department†stores†such†as†Central†Department†Store,†particularly†during the APEC Summit. ë†The†continuous†expansion†by†large†retail†operators†has†led†to†confrontations†with†smaller store†associations†and†the†Government†has†responded†with†new†urban†planning†regulations.†In†response, discount†stores†have†arranged†various†activities,†highlighting†their†contribution†to†communities in an effort to reinforce their public image and value to a large population of Thai†consumers. ë†Retail†space†in†the†central†business†district†and†busy†suburban†areas†has†become saturated,†especially†in†Grade†A†locations.†Large†Discount†Store†Chains†and†International†Operators have†downsized†their†new†store†developments†to†comply†with†the†new†urban†planning†laws.†These stipulate†retail†store†formats,†larger†than†1,000†sq.m.,†must†be†located†at†least†15†km.†from†any†city center†and†this†has†noticeably†curbed†the†expansion†of†both†Superstores†and†hyper-markets.†However, new†smaller†convenience†stores†of†300†sq.m.,†or†less,†are†being†considered,†with†expansion†plans being†held for†6-12†months. ë†Operators†of†large†Department†Stores†such†as†Central†Department†Stores,†Robinson Department†Stores,†and†The†Mall†Group†made†efforts†to†differentiate†themselves†by†focusing†more towards urban†residents' lifestyles and trends, rather than pricing. ë†Shopping†centers†are†concentrating†more†on†brand†names†and†expanding†their†services into one-stop Entertainment Centers. Shopping Center Competition Existing†shopping†centers,†have†focused†on†sales†promotion†activities†to†draw†customers and†to†generate†increased†sales,†including:†consumer†exhibitions,†new†product†launches,†price discounts, and contests as well as joint promotion with their tenants to generate sales. Additionally†many†Shopping†Centers†have†renovated†their†existing†facilities†and†developed new sections based on lifestyle concepts and extended brand offers. For example:

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ë†Central†Department†Stores†at†Future†Park†Rangsit†joined†with†Homeworks,†Power†Buy, Super†Sports,†and†B2S,†and†remodeled†the†interior†design†of†their†department†store†to†be†in†line with†customer's†lifestyles,†adding†more†leading†brand†name†merchandise†and†accomplishing†a one-stop shopping concept. ë†The†remodeling†and†re-introduction†of†the†Amarin†Plaza,†under†its†new†name:†the†Erawan Bangkok†and†the†conversion†of†the†5-floor,†13,000†sq.m.,†shopping†center†into†an†urban,†chic, fashion center. ë†On†November†1,†The†Mall†re-launched†its†3,600†sq.m.†Sport†Mall†at†their†Ngamwongwan branch in a Boutique style. ë†The†Big†C†branch†at†Ratchadamri†remodeled†25,000†sq.m†of†its†space†on†its†5,†6,†and†7th floors, which now house an EGV Metropolis Complex, a fitness center, bowling lanes and restaurants ë†Central†Pattana†completed†the†renovation†of†the†5,†6,†and†7th†floors†of†the†Central City†Bangna,†which†now†features†retail†shops,†restaurants†and†is†a†fashion†center†for†trendy†people. This†re-development†was†promoted†through†the†successful†'Refresh-Renew-Reinvent†Central†City Bangna' event. ë Central Pattana also staged the grand opening of Central Airport Plaza Chiang Mai. New†Shopping†Centers†opened†during†2003†were†the†Fashion†Mall†at†Victory†Monument, which commenced its operations on 31st October, and the Pratunam Center, on 18th December. One†new†shopping†center†under†construction†is†the†Siam†Paragon†development,†which is expected to commence operations in the year 2006. Central Pattana's Marketing Developments and New Projects Central†Pattana†has†positioned†itself†as†the†leading†brand†for†innovative†and†modern†shopping centers†in†Thailand,†by†responding†to†its†customers'†ever-changing†lifestyles†and†their†shopping and†entertainment†needs.†The†Company†has†developed†new†projects†and†renovated†shopping†spaces of†its†existing†projects†to†maintain†continuous†satisfaction†levels†and†to†strengthen†its'†brand loyalty among tenants and customers. In†2003,†the†Company†introduced†new†look†shopping†spaces†at†a†number†of†its†locations: 1. The Central World Plaza, at Ratchaprasong Intersection. Following†the†Company's†acquisition†of†this†property,†development†work†has†begun†to†transform it†into†the†largest†and†most†complete†mixed-use†complex†and†shopping†center†in†Thailand.†Destined

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to†become†a†major†landmark†in†the†central†business†district†of†Bangkok,†the†expansion†phase†will total†over†245,000†sq.m.†consisting†of†a†500†rooms†5-Star†Hotel,†Convention†Center,†and†a†premium 45-story Office Tower. This expansion is scheduled to be fully completed in 2006. 2. The Opening of Central Airport Plaza Chaing Mai The†completed†expansion,†phase†2B,†of†Central†Airport†Plaza†Chaing†Mai,†opened†in†April†2003 and†this†property†is†now†the†leading†shopping†center†in†the†north†of†Thailand.†The†project†consists of†over†200-leading†retailers†of†fashion†and†food,†a†Telecommunications†and†IT†E-center,†the†Northern Village†selling†regional†arts†and†handicrafts†and†the†Kad†Luang†fresh†food†and†souvenir†market. Supporting†the†retail†activities†are†the†Lanna†Multipurpose†Hall†and†an†outstanding†magnet†is the†Central†Aquarium,†one†of†the†largest†in†Thailand,†which†has†received†an†extremely†good†response from customers. 3. Renovation of the 4th Floor and Building Exterior of Central City Bangna. The†4th†floor†has†been†re-launched†as†the E-center†and†now†features†an†IT†CITY,†and†retail shops†for†telecommunications†and†IT†equipment,†hardware,†software,†in†addition†to†computer†schools. The†frontage†area†of†the†building†has†also†been†refined†using†modern†designs†and†graphics†to enhance its visual appearance and attractiveness. According†to†CB†Richard†Ellis,†Central†Pattana†now†enjoys†a†market†share†of†32%,†and†is the number one ranking Shopping Center operator in Thailand.

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1) §«“¡‡ ’Ë¬ß„π°“√ª√–°Õ∫∏ÿ √ °‘ ® §«“¡ ”‡√Á®¢Õß‚§√ß°“√„À¡à†: ‚§√ß°“√¢Õß∫√‘ …— ∑ œ à « π„À≠à ‡ ªì π ‚§√ß°“√¢π“¥„À≠à † °“√æ— ≤ π“‚§√ß°“√„À¡à µâ Õ ß„™â ‡ ß‘ π ≈ß∑ÿ π Ÿ ß †¥— ß π—È π §«“¡ ”‡√Á ® ¢Õß‚§√ß°“√„À¡à † Õ“® à ß º≈°√–∑∫µà Õ ∞“π–°“√‡ß‘ π ·≈–º≈°“√¥”‡π‘ π ß“π¢Õß∫√‘ …— ∑ œ†Õ¬à “ ß‰√°Á µ “¡§«“¡‡ªì π ¡◊ Õ Õ“™’ æ †´÷Ë ß ¡’ ª √– ∫°“√≥å Õ— π ¬“«π“π„π°“√∫√‘ À “√»Ÿ π ¬å ° “√§â “ †Õ— π ‡ªì π ∏ÿ √ °‘ ® À≈— ° ¢Õß∫√‘ …— ∑ œ†ª√–°Õ∫°— ∫ °“√∑’Ë ∫ √‘ …— ∑ ¡’ ª√—™≠“°“√¥”‡π‘π∏ÿ√°‘®Õ¬à“ß√–¡—¥√–«—ß√Õ∫§Õ∫ ®– “¡“√∂ √â“ß§«“¡¡—Ëπ„®„π§«“¡ ”‡√Á®¢Õß‚§√ß°“√„À¡à „ Àâ °— ∫ π— ° ≈ß∑ÿ π ‰¥â ‡ ªì π Õ¬à “ ß¥’ °“√™–≈Õ‚§√ß°“√ : À≈—ß®“°«‘°ƒµ‡»√…∞°‘®†∫√‘…—∑œ†‰¥â™–≈Õ°“√°àÕ √â“ß‚§√ß°“√¢Õß∫√‘…—∑¬àÕ¬†´÷Ëßª√–°Õ∫¥â«¬‚§√ß°“√†æ√–√“¡†9, ‚§√ß°“√™≈∫ÿ √’ † ·≈–‚§√ß°“√¢Õπ·°à π †‚¥¬∫√‘ …— ∑ œ‰¥â µ—È ß ”√Õß‡º◊Ë Õ ¡Ÿ ≈ §à “ ∑’Ë ≈ ¥≈ß¢Õß‡ß‘ π ≈ß∑ÿ π ¥— ß °≈à “ «‰«â ‡ µÁ ¡ ®”π«π ªí®®ÿ∫—π∫√‘…—∑œ‰¥â∑”°“√»÷°…“‡æ◊ËÕª√—∫ª√ÿß√Ÿª·∫∫† à«πª√–°Õ∫†·≈–¢π“¥¢Õß‚§√ß°“√‰ª·≈â«„π∫“ß à«π†‚¥¬§“¥«à“Õ“®®– “¡“√∂‡√‘Ë ¡ °à Õ √â “ ß‚§√ß°“√¥— ß °≈à “ «‰¥â „π™à«ß†1-3 ªï¢â“ßÀπâ“ µâ π∑ÿ π §à “ °à Õ √â “ ß : ‡π◊Ë Õ ß®“°‚§√ß°“√·µà ≈ –‚§√ß°“√¢Õß∫√‘ …— ∑ œ†‡ªì π ‚§√ß°“√¢π“¥„À≠à † ´÷Ë ß µâ Õ ß„™â ‡ ß‘ π ≈ß∑ÿ π Ÿ ß †°“√‡æ‘Ë ¡ ¢÷È π ¢Õß √“§“«— ¥ÿ °à Õ √â “ ß„πµ≈“¥π—È π à ß º≈°√–∑∫‚¥¬µ√ß°— ∫ µâ π ∑ÿ π §à “ °à Õ √â “ ß¢Õß∫√‘ …— ∑ œ†·µà Õ ¬à “ ß‰√°Á µ “¡‚¥¬ª°µ‘ ∫ √‘ …— ∑ œ ®–¡’ ° “√‡ªî ¥ ª√–¡Ÿ ≈ ß“π°à Õ √â “ ß†·≈–§— ¥ ‡≈◊ Õ °ºŸâ √— ∫ ‡À¡“† ”À√— ∫ ß“π„π à « πµà “ ßÊ†∑—È ß ‚§√ß°“√†°à Õ π‡√‘Ë ¡ ß“π°à Õ √â “ ß ´÷Ë ß À“°√“§“«— ¥ÿ °à Õ √â “ ß‡æ‘Ë ¡ Ÿ ß ¢÷È π ¿“¬À≈— ß †ºŸâ √— ∫ ‡À¡“®–‡ªì π ºŸâ √— ∫ §«“¡‡ ’Ë ¬ ß∑—È ß À¡¥ °ÆÀ¡“¬∑’Ë ‡ °’Ë ¬ «¢â Õ ß : °ÆÀ¡“¬º— ß ‡¡◊ Õ ß·≈–°ÆÀ¡“¬§â “ ª≈’ ° „À¡à † Õ“® à ß º≈°√–∑∫°— ∫ ‚§√ß°“√„À¡à „ πÕπ“§µ¢Õß∫√‘ …— ∑ œ†·µà ∫ √‘ …— ∑ œ ¡—Ë π „®«à “ ®–‰¡à ‰ ¥â √— ∫ º≈°√–∑∫‚¥¬µ√ß¡“°π— ° †‡æ√“–°ÆÀ¡“¬¥— ß °≈à “ «¡ÿà ß ∑’Ë ® –§«∫§ÿ ¡ ºŸâ ª √–°Õ∫°“√´ÿ ª ‡ªÕ√å ¡ “√å ‡ °Á µ †·≈– ´ÿª‡ªÕ√å ‚µ√å ‰¡à „ ™à »Ÿ π ¬å ° “√§â “ ¿—¬®“°°“√°àÕ°“√√â“¬·≈–‚√§√–∫“¥ : ‡π◊Ë Õ ß®“°™à « ßªï ∑’Ë ºà “ π¡“¡’ ° √–· ‡√◊Ë Õ ß°“√°à Õ °“√√â “ ¬·≈–‚√§√–∫“¥∑—È ß ¿“¬„π·≈–¿“¬πÕ°ª√–‡∑»§à Õ π¢â “ ß¡“° à ß º≈„Àâ ∫ √‘ …— ∑ œ∑—È ß „π∞“π–‡®â “ ¢Õß∑√— æ ¬å ‘ π †·≈–ºŸâ ∫ √‘ À “√»Ÿ π ¬å ° “√§â “ †´÷Ë ß ‡ªì π ·À≈à ß ™ÿ ¡ πÿ ¡ ™π†µâ Õ ß§”π÷ ß ∂÷ ß ‡√◊Ë Õ ß§«“¡ ª≈Õ¥¿— ¬ ‡ªì π æ‘ ‡ »…†Õ¬à “ ß‰√°Á µ “¡†∫√‘ …— ∑ œ†‰¥â ‡ µ√’ ¬ ¡¡“µ√°“√ªÑ Õ ß°— π ¿— ¬ ®“°°“√°à Õ °“√√â “ ¬‰«â Õ ¬à “ ß√— ¥ °ÿ ¡ †„π à « π¢Õß ‚√§√–∫“¥†∫√‘ …— ∑ œ†¡’ ° “√µ‘ ¥ µ“¡¢à “ « “√Õ¬à “ ß„°≈â ™‘ ¥ †‡æ◊Ë Õ °”Àπ¥¡“µ√°“√ªÑ Õ ß°— π ‰¥â ∑— π ∑à « ß∑’ † πÕ°®“°π’È ∫ √‘ …— ∑ œ†‰¥â ∑” ª√–°— π ¿— ¬ ®“°°“√°à Õ «‘ π “»°√√¡´÷Ë ß §√Õ∫§≈ÿ ¡ §«“¡‡ ’ ¬ À“¬®“°°“√°à Õ °“√√â “ ¬‰«â Õ’ ° ¥â « ¬

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2) §«“¡‡ ’Ë¬ß„π°“√∫√‘À“√·≈–®—¥°“√ §«“¡µà Õ ‡π◊Ë Õ ß¢Õß‚§√ß°“√®“° — ≠ ≠“‡™à “ ∑’Ë ¥‘ π√–¬–¬“« : °“√∑’Ë ∫ √‘ …— ∑ œ†¡‘ ‰ ¥â ‡ ªì π ‡®â “ ¢Õß∑’Ë ¥‘ π ”À√— ∫ »Ÿ π ¬å ° “√§â “ ∫“ß‚§√ß°“√† à ß º≈„Àâ ∫ √‘ …— ∑ œ†¡’ § «“¡‡ ’Ë ¬ ß∑’Ë ® –‰¡à ‰ ¥â √— ∫ °“√µàÕÕ“¬ÿ ≠— ≠“‡™à“∑’¥Ë π‘ ∑’µË ß—È ‚§√ß°“√†´÷ßË °√≥’∑‡’Ë ®â“¢Õß∑’¥Ë π‘ ‡ªìπ∫√‘…∑— „π°≈ÿ¡à ‡´Áπ∑√—≈†Õ—π‰¥â·°à†‚§√ß°“√‡´Áπ∑√—≈†æ≈“´“†ªîπò ‡°≈â“ ·≈–‚§√ß°“√‡´Áπ∑√—≈†æ≈“´“†√“¡Õ‘π∑√“†‚Õ°“ ∑’Ë∫√‘…—∑®–‰¡à ‰¥â√—∫°“√µàÕÕ“¬ÿ —≠≠“‡™à“ÕÕ°‰ª¡’πâÕ¬¡“°† à«π°√≥’∑’Ë‡®â“¢Õß ∑’Ë ¥‘ π ‡ªì π ∫ÿ § §≈¿“¬πÕ°π—È π ¢÷È π Õ¬Ÿà °— ∫ ‡ß◊Ë Õ π‰¢°“√µà Õ — ≠ ≠“∑’Ë √ –∫ÿ ‰ «â „ π — ≠ ≠“‡™à “ †´÷Ë ß ¡’ √ “¬≈–‡Õ’ ¬ ¥¥— ß µà Õ ‰ªπ’È

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-†°“√§È”ª√–°—πÀπ’È ‘π ·≈–°“√„Àâ°Ÿâ ¬◊¡‡ß‘π·°à∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡ : πÕ°®“°°“√∑’Ë ∫ √‘ …— ∑ œ‰¥â ‡ ¢â “ §È” ª√–°— π °“√™”√–Àπ’È „ Àâ · °à ° Õß∑ÿ π √«¡Õ — ß À“√‘ ¡ ∑√— æ ¬å † µ“¡¿“√–Àπ’È ∑’Ë ° Õß∑ÿ π √«¡ Õ —ßÀ“√‘¡∑√—æ¬å¡’µàÕºŸâ∂◊ÕÀπà«¬≈ß∑ÿπª√–‡¿∑‡®â“Àπ’È†„π∞“π–∑’Ë‡ªìπ∫√‘…—∑·¡à¢Õß‡®â“¢Õß‚§√ß°“√π—ÈπÊ†´÷Ëß∫√‘…—∑œ†‰¥â∫—π∑÷° ¿“√–Àπ’È ¥— ß °≈à “ «‡ªì π √“¬°“√Àπ’È ‘ π · ¥ß‰«â „ πß∫°“√‡ß‘ π ‡√’ ¬ ∫√â Õ ¬·≈â « †·≈–¿“√–Àπ’È ¥— ß °≈à “ «≈â « π¡’ ∑ √— æ ¬å ‘ π ‡ªì π À≈— ° ª√–°— π †Õ’ ° ∑—È ß √“§“ª√–‡¡‘ π ¢Õß∑√— æ ¬å ‘ π ∑’Ë ‡ ªì π À≈— ° ª√–°— π ‚¥¬ºŸâ ª √–‡¡‘ π Õ‘ √–π—È π Ÿ ß °«à “ ¿“√–Àπ’È ∑’Ë ¡’ Õ ¬Ÿà à ß º≈„Àâ ∫ √‘ …— ∑ œ ‰¡à¡’§«“¡‡ ’Ë¬ß®“°°“√§È”ª√–°—π¥—ß°≈à“«†∫√‘…—∑œ†‰¥â‡¢â“§È”ª√–°—π«ß‡ß‘πª√–‡¿∑‡ß‘π‡∫‘°‡°‘π∫—≠™’†·≈–«ß‡ß‘π§È”ª√–°—π°“√„™â‰øøÑ“ ¢Õß∫√‘…—∑¬àÕ¬†·≈–∫√‘…—∑√à«¡µà“ßÊ†¢Õß∫√‘…—∑†°—∫ ∂“∫—π°“√‡ß‘π†´÷Ëß§È”ª√–°—π„Àâ „π∞“π–∫√‘…—∑·¡à†‚¥¬‰¡à ‰¥â«“ßÀ≈—°∑√—æ¬å §È” ª√–°— π „¥Ê†‰«â † ‡¡◊Ë Õ æ‘ ® “√≥“∂÷ ß ®”π«π«ß‡ß‘ π †‡ªì π — ¥ à « π‡æ’ ¬ ß‡≈Á ° πâ Õ ¬‡¡◊Ë Õ ‡ª√’ ¬ ∫‡∑’ ¬ ∫°— ∫ ‘ π ∑√— æ ¬å ¢ Õß∫√‘ …— ∑ œ Õ’ ° ∑—È ß ¬— ß ¡’ ° “√‡√’ ¬ °‡°Á ∫ §à “ ∏√√¡‡π’ ¬ ¡°“√§È” ª√–°— π ®“°∫√‘ …— ∑ π—È π Ê†¥â « ¬†· ¥ß„Àâ ‡ ÀÁ π «à “ ∫√‘ …— ∑ œ¡’ § «“¡‡ ’Ë ¬ ß®“°°“√‡ªì π ºŸâ §È” ª√–°— π µË” † à « π°“√„Àâ °Ÿâ ¬◊ ¡ ‡ß‘ π ·°à ∫ √‘ …— ∑ ¬à Õ ¬†·≈–∫√‘ …— ∑ √à « ¡†°Á ‡ ªì π °“√„Àâ °Ÿâ ¬◊ ¡ µ“¡ — ¥ à « π°“√∂◊ Õ Àÿâ π †·≈– ∫√‘ …— ∑ œ†¡’ ° “√§‘ ¥ ¥Õ°‡∫’È ¬ ‡ß‘ π °Ÿâ µ “¡√“§“µ≈“¥ -†°“√‡ª≈’Ë ¬ π·ª≈ß¢ÕßÕ— µ √“¥Õ°‡∫’È ¬ : ‚¥¬ª°µ‘ ∏ÿ √ °‘ ® ∫√‘ …— ∑ œµâ Õ ß„™â ‡ ß‘ π ≈ß∑ÿ π ®”π«π¡“°†´÷Ë ß ‡ß‘ π ≈ß∑ÿ π à « πÀπ÷Ë ß ¡“®“°·À≈à ß ‡ß‘ π ∑ÿ π ¿“¬πÕ° ‰¡à«à“®–‡ªìπ°“√ÕÕ°µ—Î«‡ß‘π√–¬– —Èπ†°“√ÕÕ°Àÿâπ°Ÿâ†°“√¢“¬Àπà«¬≈ß∑ÿπ„π°Õß∑ÿπ√«¡ ·≈–°“√°Ÿâ¬◊¡‡ß‘π®“° ∂“∫—π°“√‡ß‘π ´÷Ë ß µâ π ∑ÿ π ‡ß‘ π ∑ÿ π ®–¢÷È π Õ¬Ÿà °— ∫ Õ— µ √“¥Õ°‡∫’È ¬ „πµ≈“¥†‚¥¬∫“ß à « π®–‡ªì π ª√–‡¿∑Õ— µ √“§ß∑’Ë † ·≈–∫“ß à « π®–‡ªì π Õ— µ √“º— π ·ª√†Õ¬à “ ß‰√°Á µ “¡∫√‘ …— ∑ œ†‰¥â ∑”†Interest†Rate†Swap†‡æ◊Ë Õ ªÑ Õ ß°— π §«“¡‡ ’Ë ¬ ß®“°°“√‡ª≈’Ë ¬ π·ª≈ß ¢ÕßÕ— µ √“¥Õ°‡∫’È ¬ ‰«â Ì “ À√— ∫ ‡ß‘ π °Ÿâ ∫ “ß à « π†∑Ì “ „Àâ ‡ ß‘ π °Ÿâ ¬◊ ¡ ¡“°°«à “ †80%†¢Õß∫√‘ …— ∑ œ†¡’ Õ— µ √“¥Õ°‡∫’È ¬ §ß∑’Ë „π™à«ß√–¬–‡«≈“ ª√–¡“≥†2-3†ªï † ·≈–„π√–¬–¬“«∫√‘ …— ∑ œ†¡’ · π«‚πâ ¡ ∑’Ë ® –®— ¥ À“·À≈à ß ‡ß‘ π ∑ÿ π ∑’Ë ¡’ Õ— µ √“¥Õ°‡∫’È ¬ §ß∑’Ë ‡ æ◊Ë Õ ≈¥§«“¡‡ ’Ë ¬ ß ®“°°“√‡ª≈’Ë¬π·ª≈ß¢ÕßÕ—µ√“¥Õ°‡∫’È¬

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Risk Factors

1) Business Risk Success of new projects Most†of†the†Company,s†new†projects†are†large†scaled†projects,†which†require†high†investment. As†a†result,†success†of†new†projects†may†have†an†impact†on†the†Company,s†financial†position†and operation.†However,†with†professionalism†and†long†term†experience†in†shopping†center†management, which†is†the†Company,s†core†business,†together†with†conservative†philosophy†in†business†management, investors†can†be†reasonable†assured†that†the†Company,s†new†projects†will†be†successful. Suspension of project development Due†to†the†economic†recession,†the†Company†has†suspended†development†of†Rama†9,†Chonburi and†Khon†Kean.†The†provision†for†loss†on†these†investment†has†already†been†adequately†reserved. Currently,†the†Company†have†studied†to†modify†project†design,†component†and†size.†Such†projects are expected to start construction in the next 1-3 years. Construction Cost As†most†of†the†Company , s†new†projects†are†large,†increase†in†construction†material†price will†directly†affect†the†Company , s†construction†cost.†However,†all†construction†contractor†is normally†procured†by†open†biding.†Most†contractors†are†awarded†before†starting†construction of†the†project.†Therefore,†increase†in†material†price†thereafter†will†be†under†contractors,†responsibility. Relevant Law New†zoning†and†retail†law†will†have†an†impact†to†new†development†project†of†the†Company. Nevertheless,†the†Company†is†confident†that†they†will†not†have†direct†impact†as†the†purpose†of this†new†laws†are†to†control†expansion†of†supermarkets†and†superstores†not†shopping†centers. Terrorism and infectious disease During†last†year,†there†are†concerns†of†terrorism†and†infectious†disease†from†both†inside†and outside†Thailand.†As†the†owner†and†management†of†shopping†centers†which†are†public†places, the†Company†has†to†pay†more†attention†to†the†safety†and†security†measures.†It†has†established a †comprehensive†plans†to†protect†terrorism.†It†also†closely†monitor†all†news†and†information about†infectious†disease†in†order†to†set†protection†plan†promptly.†Moreover,†the†Company†also has†an†insurance†policy†to†cover†losses†from†terrorism.

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2) Operational Risk Continuance of project under long term land lease The†company†has†risk†on†continuance†of†projects†on†leasehold†land.†For†those†projects which†land†is†leased†from†Central†Group†such†as†Central†Plaza†Pinklao†and†Central†Plaza†Ramindra, the†lease†should†be†extended.†While†projects†on†the†third†party,s†land,†the†lease†could†be†extended according to the condition in the lease agreements as follow; Project

Land Lord

Year of Lease Expire

Condition for lease extension When the lease is expired, the title of building will be transferred to the land lord. The Company has the first right of refusal to renew the lease agreement for the periods of not less than 10 years. Lease agreement can be renewed in the same term that Central Pattaya Co.,Ltd. can renew its lease with the land lord. Renewal of the lease agreement can be negotiated 1 year before expiration. Lease agreement can be extended for 5 years, in case land lord not need to make use of such land. Renewal of the lease agreement can be negotiated 1 year before expiration. Lease agreement can be extended for another 30 years. All 3 lease agreements can be extended for another period of not less than 15 years by written notice 1 year before expiration.

Central Plaza Lardprao

The State Railway of Thailand

2008

Central Festival Center Pattaya

Mr.†Prinya†Chaovalitthamrong

2015

Central Plaza Ramindra

Hang Central Department Store Co.,Ltd. (Central Group)

2023

Langsuan Collonade

Bureau of the Crown Property

2020

Central Plaza Pinklao Hang Central Department Store Co.,Ltd. (Central Group)

2025

Central World Plaza

Bureau of the Crown Property

2032

Central Plaza Rama 2 Mr. Somboon Rimsamootchai Mr. Yarndej Thongsima Mr. Surawut Jitkllar

2021 2025 2030

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Guarantee†for†subsidiary†and†related†company†,s†liabilities and†loan†to†subsidiary†and†related company The†company,†as†a†parent†company,†has†guaranteed†for†the†loan†repayment†to†lender type†of†property†funds.†However†such†loan†has†already†been†recorded†in†the†financial†statement. In†addition,†the†appraised†value†of†their†collaterals†by†independent†appraisor†are†higher. As†a†results,†there†are†no†risk†to†the†company†in†this†case. The†Company,†as†a†parent†company,†has†also†guaranteed†for†subsidiary†and†related†company,s liabilities which are†mostly†bank†overdraft†and†letter†of†guarantee†for†the†consumption†of†electricity with†no†collateral.†Total†amount†of†guarantee†is†immaterial†as†compared†to†total†asset†of†the Company.†As†a†result,†risk†to†the†Company†as†a†guarantor†is†very†low.†Moreover,†the†Company has†charged guarantee fee from such company. Loans†to†subsidiary†and†related†company†are†granted†according†to†the†percentage†of†share holding. Interest on that loan is also on market rate. Change of market interest rate Generally†the†Company†requires†high†investment†for†its†businesses.†External†source†of†fund are†such†as†issuance†of†short-term†bill†of†exchange,†debenture,†sale†of†unit†trust†in†the†property fund†and†loan†from†financial†institutions.†Cost†of†those†funds,†which†are†partly†fixed†rate†and partly†are†floating†rate,†depends†on†market†interest†rate.†However,†the†Company†has†entered into†an†interest†rate†swap†agreement†to†protect†risk†from†change†in†market†interest†rate†for certain†part†of†the†loans.†Currently,†more†than†80%†of†total†Company†, s†loan†is†on†fixed†interest rate†loan†for†approximate†2-3†years.†The†Company†also†has†a†policy†to†borrow†using†fixed†interest rate in order to lower risk from change of market interest rate.

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¢âÕæ‘æ“∑∑“ß°ÆÀ¡“¬·≈–§¥’§«“¡

1.†„πªï † æ.».†2538†∫√‘ …— ∑ †‚Õ.æ’ . ‡π‡™Õ√— ≈ ‚ª√¥— ° å † ®”°— ¥ †‰¥â øÑ Õ ß√â Õ ß∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π) (∫√‘ …— ∑ œ)†§«“¡º‘ ¥ ∞“π≈–‡¡‘ ¥ †·≈–‡√’ ¬ °§à “ ‡ ’ ¬ À“¬†®”π«π∑ÿ π ∑√— æ ¬å † 85.8†≈â “ π∫“∑†§¥’ ‰ ¥â ‘È π ÿ ¥ ·≈â « „πªï † æ.».†2545 ‚¥¬»“≈Æ’ ° “æ‘ æ “°…“„Àâ ∫ √‘ …— ∑ œ†™π–§¥’ 2.†„πªï † æ.».2539†∫√‘ …— ∑ †‚Õ.æ’ . ‡π‡™Õ√— ≈ ‚ª√¥— ° å † ®”°— ¥ †·≈–∫√‘ …— ∑ †‡Õ ‡Õ ¬Ÿ æ’ † °√ÿ ß ‡∑æ†1991†®”°— ¥ †(‚®∑°å ) ‰¥â √à « ¡°— π øÑ Õ ß√â Õ ß∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†·≈–∫√‘ …— ∑ †‡´Á π ∑√— ≈ ‡√’ ¬ ≈µ’È † ‡´Õ√å «‘ †®”°— ¥ †(®”‡≈¬) ∞“πº‘ ¥ — ≠ ≠“‡™à “ ·≈–≈–‡¡‘ ¥ †®”π«π∑ÿ π ∑√— æ ¬å † 83.4†≈â “ π∫“∑†∫√‘ …— ∑ œ†‰¥â øÑ Õ ß·¬â ß ‡√’ ¬ °§à “ ‡ ’ ¬ À“¬∞“π≈–‡¡‘ ¥ †‚¥¬‡√’ ¬ ° §à“‡ ’¬À“¬®”π«π†2.5 ≈â“π∫“∑†„π‡¥◊Õπµÿ≈“§¡†æ.».†2544†»“≈™—Èπµâπæ‘æ“°…“„Àâ∫√‘…—∑™π–§¥’†‚¥¬„Àâ¬°øÑÕß¢Õß‚®∑°å ¢≥–π’È Õ ¬Ÿà √ –À«à “ ß°“√æ‘ ® “√≥“¢Õß»“≈Õÿ ∑ ∏√≥å 3.†„πªï†æ.».†2541†∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“‚§√“™†®”°—¥†(‚®∑°å ) †‰¥â ¬◊Ë π øÑ Õ ß√â Õ ß∫√‘ …— ∑ †‰∑¬ ß«π∫√‘ ° “√†®”°— ¥ (®”‡≈¬)†ºŸâ „Àâ ‡ ™à “ ∑’Ë ¥‘ π ·Àà ß Àπ÷Ë ß µà Õ »“≈™—È π µâ π †‡π◊Ë Õ ß®“°º‘ ¥ — ≠ ≠“‡™à “ ∑’Ë ¥‘ π ·≈–‡√’ ¬ °√â Õ ß§à “ ‡ ’ ¬ À“¬®”π«π‡ß‘ π †444 ≈â “ π∫“∑†®”‡≈¬„π§¥’ ¥— ß °≈à “ «¢â “ ßµâ π øÑ Õ ß·¬â ß ‚®∑°å µà Õ »“≈„Àâ ™”√–‡ß‘ π §à “ µÕ∫·∑π°“√‡™à “ ∑’Ë ∂÷ ß °”Àπ¥™”√–·≈–§à “ ‡ ’ ¬ À“¬ ®”π«π‡ß‘ π √«¡†1,249†≈â “ π∫“∑†(·∫à ß ‡ªì π §à “ µÕ∫·∑π°“√‡™à “ ®”π«π‡ß‘ π ª√–¡“≥†349†≈â “ π∫“∑†·≈–§à “ §«“¡‡ ’ ¬ À“¬ ‡π◊Ë Õ ß®“°º‘ ¥ — ≠ ≠“®”π«π‡ß‘ π ª√–¡“≥†900†≈â “ π∫“∑)†§¥’ ‰ ¥â ‘È π ÿ ¥ ≈ß·≈â « †‚¥¬»“≈‰¥â æ‘ æ “°…“µ“¡ — ≠ ≠“ª√–π’ ª √–πÕ¡ ¬Õ¡§«“¡†‡¡◊Ë Õ «— π ∑’Ë † 6†¡’ π “§¡†2546†‚¥¬®”‡≈¬µ°≈ß™”√–‡ß‘ π ®”π«π†1†≈â “ π∫“∑„Àâ · °à ∫ √‘ …— ∑ œ†·≈–∫√‘ …— ∑ œ†µ°≈ß ®¥∑–‡∫’ ¬ π¬°‡≈‘ ° °“√‡™à “ ∑’Ë ¥‘ π „Àâ · °à ®”‡≈¬‡√’ ¬ ∫√â Õ ¬·≈â « 4.†„πªï † æ.».2542†∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†æ√–√“¡†3†®”°— ¥ †·≈–†∫√‘ …— ∑ †‡´Á π ∑√— ≈ ‡√’ ¬ ≈µ’È † ‡´Õ√å «‘ †æ√–√“¡†3 ®”°— ¥ †·≈–∫√‘ …— ∑ † √√æ ‘ π §â “ √— ™ ¥“ππ∑√’ ¬å † ®”°— ¥ †(ºŸâ «à “ ®â “ ß)†ΩÉ “ ¬Àπ÷Ë ß †°— ∫ ∫√‘ …— ∑ †øî ≈‘ æ æå † ŒÕ≈≈å · ¡ππå † (‰∑¬)†®”°— ¥ †·≈– ∫√‘ …— ∑ †´’ æ’ ‡ Õ™†‡∑√¥¥‘È ß †®”°— ¥ †(ºŸâ √— ∫ ‡À¡“)†Õ’ ° ΩÉ “ ¬Àπ÷Ë ß †‰¥â √à « ¡°— π ¬◊Ë π ‡ πÕ¢â Õ æ‘ æ “∑µà Õ ”π— ° ß“πÕπÿ ≠ “‚µµÿ ≈ “°“√ °√–∑√«ß¬ÿ µ‘ ∏ √√¡ ‚¥¬µà “ ßΩÉ “ ¬µà “ ß¬◊Ë π ¢â Õ ‡√’ ¬ °√â Õ ß§à “ ‡ ’ ¬ À“¬®“°Õ’ ° ΩÉ “ ¬Àπ÷Ë ß †‡π◊Ë Õ ß®“°º‘ ¥ — ≠ ≠“√— ∫ ‡À¡“°à Õ √â “ ß ‚¥¬ºŸâ «à “ ®â “ ß‡√’ ¬ °√â Õ ß‡ß‘ π §à “ ‡ ’ ¬ À“¬‡ªì π ®”π«π‡ß‘ π ∑—È ß ‘È π †1,518†≈â “ π∫“∑†( — ¥ à « π¢Õß°≈ÿà ¡ ∫√‘ …— ∑ §‘ ¥ ‡ªì π ®”π«π‡ß‘ π 821†≈â“π∫“∑)† à«πºŸâ√—∫‡À¡“‡√’¬°√âÕß„ÀâºŸâ«à“®â“ß√—∫º‘¥™Õ∫™¥„™â‡ß‘π§à“‡ ’¬À“¬‡ªìπ®”π«π∑—Èß ‘Èπ†488†≈â“π∫“∑†( —¥ à«π ¢Õß°≈ÿà ¡ ∫√‘ …— ∑ §‘ ¥ ‡ªì π ®”π«π‡ß‘ π †295†≈â “ π∫“∑)†‚¥¬§≥–Õπÿ ≠ “‚µµÿ ≈ “°“√¡’ §”™’È ¢ “¥‡¡◊Ë Õ «— π ∑’Ë † 21†æƒ»®‘ ° “¬π†2546 „Àâ ºŸâ «à “ ®â “ ß™”√–‡ß‘ π „Àâ · °à ºŸâ √— ∫ ‡À¡“‡ªì π ‡ß‘ π ∑—È ß ‘È π †272.95†≈â “ π∫“∑†·≈–„Àâ ºŸâ √— ∫ ‡À¡“™”√–‡ß‘ π „Àâ · °à ºŸâ «à “ ®â “ ß‡ªì π ‡ß‘ π ∑—È ß ‘È π †8.54†≈â “ π∫“∑†´÷Ë ß ·¡â «à “ †∫√‘ …— ∑ ®–‰¡à ‡ ÀÁ π ¥â « ¬°— ∫ §”™’È ¢ “¥¥— ß °≈à “ «†·≈–Õ¬Ÿà √ –À«à “ ß°“√æ‘ ® “√≥“¬◊Ë π §— ¥ §â “ π§”™’È ¢ “¥ ¢Õß§≥–Õπÿ≠“‚µµÿ≈“°“√µàÕ»“≈„Àâæ‘æ“°…“Õ’°§√—Èß†¿“¬„π†90†«—ππ—∫µ—Èß·µà«—π∑’Ë¡’§”™’È¢“¥†·µà∑—Èßπ’È†∫√‘…—∑‰¥â∫—π∑÷° ”√Õß §à “ §«“¡‡ ’ ¬ À“¬®”π«π‡ß‘ π ¥— ß °≈à “ «‰«â „ πß∫°“√‡ß‘ π ª√–®”ªï † 2546†‰«â § √∫∂â « π·≈â « †‚¥¬¡’ º ≈∑”„Àâ ‘ π ∑√— æ ¬å ¢ Õß∫√‘ …— ∑ ‡æ‘Ë ¡ ¢÷È π †162.42†≈â “ π∫“∑†·≈–°”‰√ ÿ ∑ ∏‘ † (À≈— ß ¿“…’ ) †≈¥≈ß†60.82†≈â “ π∫“∑†µ“¡≈”¥— ∫ 5.†„πªï † æ.».†2546†π“¬ ¡∫ÿ ≠ †√‘ ¡ ¡ÿ ∑ √‰™¬†·≈–π“¬ «— ¥‘Ï † æπ“æß»å « »‘ π †°— ∫ æ«°√«¡†20†§π†‰¥â øÑ Õ ß√â Õ ß ∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†æ√–√“¡†2†®”°— ¥ †°— ∫ ºŸâ √— ∫ ‡À¡“§«“¡º‘ ¥ ∞“π≈–‡¡‘ ¥ †‡π◊Ë Õ ß®“°°“√°à Õ √â “ ß‚§√ß°“√‡´Á π ∑√— ≈ æ≈“´“ æ√–√“¡†2†∑”„Àâ∑√—æ¬å ‘π¢Õß‚®∑°å‡ ’¬À“¬†·≈–∑”„Àâ ‚®∑°å¢“¥ª√–‚¬™πå „π°“√„™â∑√—æ¬å ‘π∑’Ë‡™à“†®”π«π∑ÿπ∑√—æ¬å†52†≈â“π∫“∑ ·≈–†12.8†≈â“π∫“∑†µ“¡≈”¥—∫†´÷Ëß¢≥–π’ÈÕ¬Ÿà√–À«à“ß°“√æ‘®“√≥“¬◊Ëπ§”„Àâ°“√µàÕ Ÿâ§¥’†·≈–¬—ß‰¡à¡’¢âÕ √ÿª†À√◊Õ§«“¡™—¥‡®π„¥Ê

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6.†∫√‘ …— ∑ †‡´Á π ∑√— ≈ Õ‘ π ‡µÕ√å æ— ≤ π“†®”°— ¥ †´÷Ë ß ‡ªì π ∫√‘ …— ∑ ∑’Ë ‡ ªì π §Ÿà — ≠ ≠“°— ∫ °“√√∂‰ø·Àà ß ª√–‡∑»‰∑¬†·≈–‡ªì π ºŸâ „Àâ‡™à“™à«ß∑’Ë¥‘π∫“ß à«π„Àâ·°à∫√‘…—∑†‡´Áπ∑√—≈æ—≤π“†®”°—¥†(¡À“™π)†‰¥â√—∫°“√·®âß®“°°“√√∂‰ø·Ààßª√–‡∑»‰∑¬«à“‰¥â∑”°“√ µà Õ ‡µ‘ ¡ ¥— ¥ ·ª≈ß·°â ‰ ¢Õ“§“√·≈– ‘Ë ß ª≈Ÿ ° √â “ ßº‘ ¥ ‰ª®“°·∫∫·ª≈πµ“¡ — ≠ ≠“‡™à “ ∑’Ë ¥‘ π ∑’Ë ‰ ¥â ∑”‰«â °— ∫ °“√√∂‰ø·Àà ß ª√–‡∑»‰∑¬ ¢≥–π’È ∫ √‘ …— ∑ †‡´Á π ∑√— ≈ Õ‘ π ‡µÕ√å æ— ≤ π“†®”°— ¥ †°”≈— ß ¥”‡π‘ π °“√‡®√“®“°— ∫ °“√√∂‰ø†´÷Ë ß ºŸâ ∫ √‘ À “√¢Õß∫√‘ …— ∑ ¡’ § «“¡‡ÀÁ π «à “ ‚§√ß°“√»Ÿπ¬å°“√§â“π’È†∫√‘…—∑†‡´Áπ∑√—≈Õ‘π‡µÕ√åæ—≤π“†®”°—¥†‡™à“‡æ’¬ß∑’Ë¥‘π®“°°“√√∂‰ø·Ààßª√–‡∑»‰∑¬†·µà ‰ ¡à ‰¥â‡™à“Õ“§“√ ∫√‘ …— ∑ „π∞“π–ºŸâ ‡ ™à “ Õ“§“√†®÷ ß ¡’ ‘ ∑ ∏‘ ∑’Ë ® –æ‘ ® “√≥“§«“¡‡À¡“– ¡¢Õß°“√„™â ª √–‚¬™πå æ◊È π ∑’Ë ¢ ÕßÕ“§“√‚§√ß°“√‰¥â † ·≈–‰¡à ‡ªì π °“√°√–∑”∑’Ë º‘ ¥ — ≠ ≠“‡™à “ ·µà Õ ¬à “ ß„¥†‡æ◊Ë Õ „Àâ ¢â Õ æ‘ æ “∑¬ÿ µ‘ ‚ ¥¬‡√Á « ·≈–‰¡à à ß º≈°√–∑∫µà Õ º≈°“√¥”‡π‘ π ß“π„πÕπ“§µ ∫√‘ …— ∑ †‡´Á π ∑√— ≈ Õ‘ π ‡µÕ√å æ— ≤ π“†®”°— ¥ †®÷ ß ‰¥â ‡ ®√®“ª√–π’ ª √–πÕ¡†·≈–‰¥â ¢â Õ ¬ÿ µ‘ † ‡¡◊Ë Õ «— π ∑’Ë † 26†¡’ π “§¡†2546†‚¥¬∫√‘ …— ∑ ‡´Á π ∑√— ≈ †Õ‘ π ‡µÕ√å æ— ≤ π“†®”°— ¥ †µ°≈ß™”√–§à “ ™¥‡™¬„Àâ · °à ° “√√∂‰ø·Àà ß ª√–‡∑»‰∑¬†‡ªì π ®”π«π†540†≈â “ π∫“∑†·≈–„Àâ ∫√‘ …— ∑ †‡´Á π ∑√— ≈ †Õ‘ π ‡µÕ√å æ— ≤ π“†®”°— ¥ †¬— ß §ß¡’ ‘ ∑ ∏‘ µ “¡ — ≠ ≠“‡™à “ ∑’Ë ¥‘ π ‡™à π ‡¥‘ ¡ ∑ÿ ° ª√–°“√ ∑—È ß π’È † ∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†„π∞“π–ºŸâ ‡ ™à “ ™à « ß†‰¥â √— ∫ ·®â ß ®“°†∫√‘ …— ∑ †‡´Á π ∑√— ≈ Õ‘ π ‡µÕ√å æ— ≤ π“ ®”°— ¥ †„Àâ √— ∫ º‘ ¥ ™Õ∫°“√®à “ ¬‡ß‘ π ™¥‡™¬†·≈–§à “ ‡™à “ ‡æ‘Ë ¡ ‡µ‘ ¡ „Àâ °— ∫ °“√√∂‰ø·Àà ß ª√–‡∑»‰∑¬†®”π«π†314.94†≈â “ π∫“∑ ‚¥¬·∫àß‡ªìπ‡ß‘π™¥‡™¬√“¬‰¥â°àÕπªï†2546†®”π«π†95.7†≈â“π∫“∑,†§à“‡™à“‡æ‘Ë¡‡µ‘¡ ”À√—∫ªï†2546†®”π«π†24.94†≈â“π∫“∑ ·≈–‡ªìπ§à“‡™à“‡æ‘Ë¡‡µ‘¡ ”À√—∫ªï†2547†‡ªìπµâπ‰ª†®”π«π†194.3†´÷Ëß®–·∫àß™”√–‡ªìπ√“¬ªï†ªï≈–†38.86†≈â“π∫“∑†®π°«à“ ®–§√∫°”Àπ¥Õ“¬ÿ —≠≠“‡™à“†„πªï†2551

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Legal Dispute

1.†In†1995,†O.P†Natural†Products†Co.,†Ltd.†filed†a†case†with†the†Court†against†the†company or breach†of†violation†amounting†to†Baht†85.8†million.†The†Supreme†Court†gave†verdict†in†favor†of the company. 2.†In†1996,†O.P†Natural†Products†Co.,†Ltd.†and†SSUP†Bangkok†1991†Co.,†Ltd.†filed†another†case with†the†Court†against†Central†Pattana†Public†Co.,†Ltd.†and†Central†Realty†Service†Co.,†Ltd.†for†breach of†rental†agreement†and†violation†amounted†to†Baht†83.4†million.†The†company†filed†a†counter-claim with†the†Court†against†that†company†in†the†offence†of†wrongful†acts,†causing†injury†to†the†property and†claimed†for†a†damage†of†Baht†2.5†million.†In†2001,†the†First†Instance†Court†gave†a†positive†verdict to†the†company.†The†case†is†being†tried†in†the†Appeal†Court. 3.†In†1998,†Central†Pattana†KoRaj†Co.,†Ltd.†(plaintiff)†filed†a†case†with†the†Court†against†Thai Sa-Ngun†Service†Co.,†Ltd.†(defendant)†for†breach†of†land†lease†agreement†amounted†to†Baht†444†million. The†defendant†filed†a†counter-claim†with†the†Court†against†for†the†payment†of†land†rental†and†damage amounting†to†Baht†1,249†million†(consist†of†rental†approximately†Baht†349†million†and†claim†loss†for breach†the†agreement†of†approximately†Baht†900†million.).†On†March†6,†2003,†the†Court†gave†a†verdict for†a†settlement.†The†defendant†agreed†to†disburse†the†company†at†the†amount†of†Baht†1†million†and the†company†agreed†to†terminate†the†land†lease†agreement†with†the†defendant. 4.†In†1999,†Central†Pattna†Rama†3†Co.,†Ltd.,†Central†Realty†Service†Rama†3†Co.,†Ltd.†and Rachada†Nonsee†Department†Store†Co.,†Ltd.†(employer)†and†Phillip†Halzmann†(Thai)†Co.,†Ltd.†and†CPH Trading†Co.,†Ltd.†(contractor)†had†co-instituted†the†case†to†the†Arbitrator†of†the†Ministry†of†Justice against†and†claimed†for†compensation†and†damages†from†each†other†for†breach†of†construction†contract amounted†to†Baht†1,518†million†(the†subsidiary†holds†share†of†Baht†of†821†million)†while†the†contractor counter†claimed†for†damages†totaling†Baht†488†million†(the†subsidiary†holds†share†of†Baht†of†295†million). On†21†November†2003,†the†Arbitration†finally†sentenced†the†employer†to†disburse†the†amount†of†Baht 272.95†million†to†the†contractor.†In†addition,†the†contractor†shall†pay†an†amount†of†Baht†8.54†million to†the†employer.†The†case†is†under†defending†with†the†Court†within†90†days†after†the†Arbitration sentence.†However,†the†reserved†damage†payment†is†presented†in†the†company†2003†financial†statement resulting†the†company†asset†increases†to†amounting†of†Baht†162.42†million†and†net†profit†(after†taxed) decreases at amounting of Baht†60.82†million,†respectively.

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5.†In†2003,†Mr.†Somboon†Rimsamutchai,†Mr.†Sawat†Panapongwasin,†and†a†party†of†20†persons filed†a†case†with†the†Court†against†Central†Pattana†Rama†2†Co.,†Ltd.†and†contractor†for†breach†of violation†from†the†construction†of†the†Central†Plaza†Rama†2†Shopping†Center.†The†construction†has caused†damages†to†plaintiff's†asset†and†has†failed†to†their†leased†asset†usage.†The†case†has†amounting to†Baht†52†million†and†12.8†million,†respectively.†The†case†is†under†testifying†and†the†ultimate†outcome is not be determined at present. 6.†Central†InterPattana†Co.,†Ltd.,†a†lease†contractor†with†the†State†Railway†of†Thailand,†having subleased†out†part†of†the†land†to†Central†Pattana†Public†Co.,†Ltd.,†received†a†notice†from†the†State Railway†of†Thailand†that†the†company†violated†the†lease†terms†for†unauthorized†modification†to†the building†and†construction†plan.†Central†InterPattana†Co.,†Ltd.,†is†presently†negotiating†with†the†State Railway†of†Thailand.†However,†the†company†executive†stated†that†Central†InterPattana†Co.,†Ltd.,†agreed to†lease†the†land†only†from†the†State†Railway†of†Thailand†but†not†the†building.†Thus,†the†company,†as a†lease†contractor†for†the†building,†has†full†rights†on†the†building†usage†and†has†not†violated†the†lease terms.†To†put†an†end†to†the†dispute†and†to†remain†unaffected†for†future†business†operation,†Central InterPattana†Co.,†Ltd.,†called†for†a†settlement.†On†March†26,†2003†the†dispute†ended†with†Central InterPattana†Co.,†Ltd.,†agreeing†to†pay†a†compensation†of†540†million†Baht†to†the†State†Railway†of Thailand while keeping full rights in the original lease contract. Central†Pattana†Public†Co.,†Ltd.,†as†the†sub-lessee,†was†informed†by†Central†InterPattana Co.,†Ltd.,†to†be†responsible†for†payment†of†compensation†and†additional†rental†fee†amounting†to†Baht 314.94†million†to†State†Railway†of†Thailand.†The†payment†covers†the†compensation†prior†to†2003 of†Baht†95.7†million,†plus†additional†rental†fee†for†the†same†year†of†Baht†24.94†million,†as†well†as†an additional†rental†fee†of†Baht†194.3†million†for†the†year†2004†and†the†consecutive†years.†The†amount of Baht 38.86 million will be annually paid until the termination of†lease†contract†in 2008.

PAGE 085

¢â Õ ¡Ÿ ≈ ‡°’Ë ¬ «°— ∫ Àÿâ π °Ÿâ

Àÿâ π°Ÿâ · ∫∫‰¡à ¡’ À ≈— ° ª√–°— π „π‡¥◊Õπ¡’π“§¡†2543†∫√‘…—∑‰¥âÕÕ°Àÿâπ°Ÿâ·∫∫‰¡à¡’À≈—°ª√–°—π·≈–‰¡à¥âÕ¬ ‘∑∏‘†√«¡†900†≈â“π∫“∑†‚¥¬·∫àß‡ªìπ Àÿâ π °Ÿâ Õ— µ √“¥Õ°‡∫’È ¬ µ“¡Õ— µ √“‡ß‘ π °Ÿâ ¬◊ ¡ ¢—È π µË” †(MLR)†-0.5%†µà Õ ªï † ®”π«π†780†≈â “ π∫“∑†·≈–Àÿâ π °Ÿâ Õ— µ √“¥Õ°‡∫’È ¬ §ß∑’Ë 7.75%†µàÕªï†®”π«π†120†≈â“π∫“∑ Àÿâπ°Ÿâ¥—ß°≈à“«¡’Õ“¬ÿ†3†ªï†§√∫°”Àπ¥‰∂à∂Õπ«—π∑’Ë†30†¡’π“§¡†2546†´÷Ëß∫√‘…—∑‰¥â ‰∂à∂Õπ Àÿâ π °Ÿâ ¥— ß °≈à “ «∑—È ß ®”π«π‡ªì π ∑’Ë ‡ √’ ¬ ∫√â Õ ¬·≈â « †‡¡◊Ë Õ §√∫°Ì “ Àπ¥‰∂à ∂ Õπ „π‡¥◊ Õ π¡‘ ∂ÿ π “¬π†2544†∫√‘ …— ∑ ‰¥â Õ Õ°Àÿâ π °Ÿâ ™ π‘ ¥ ∑¬Õ¬§◊ π ‡ß‘ π µâ π †‰¡à ¡’ À ≈— ° ª√–°— π †·≈–‰¡à ¥â Õ ¬ ‘ ∑ ∏‘ † ®”π«π 1,000†≈â “ π∫“∑†Õ— µ √“¥Õ°‡∫’È ¬ µ“¡Õ— µ √“‡ß‘ π °Ÿâ ¬◊ ¡ ¢—È π µË” †(MLR)†-0.375%†µà Õ ªï † Õ“¬ÿ † 5†ªï † §√∫°”Àπ¥‰∂à ∂ Õπ†«— π ∑’Ë 28†¡‘∂ÿπ“¬π†2549 ∫√‘…—∑œ†¡’Àπâ“∑’ËµâÕß¥”√ß ∂“π–∑“ß°“√‡ß‘π†„Àâ‡ªìπ‰ªµ“¡¢âÕ°”Àπ¥ ‘∑∏‘ µ≈Õ¥Õ“¬ÿ¢ÕßÀÿâπ°Ÿâ ¥—ßπ’È 1. ®”π«π√«¡¢ÕßÀπ’È ‘π µàÕ†®”π«π√«¡¢Õß à«π¢ÕßºŸâ∂◊ÕÀÿâπ ‰¡à‡°‘π 2.5 : 1 2. ®”π«π√«¡¢Õß‡ß‘π°Ÿâ¬◊¡ µàÕ ®”π«π√«¡¢Õß à«π¢ÕßºŸâ∂◊ÕÀÿâπ ‰¡à‡°‘π 1.75 : 1 3. ®”π«π√«¡¢Õß ‘π∑√—æ¬åÀ≈—ß®“°À—°¿“√–ºŸ°æ—π µàÕ ‡ß‘π°Ÿâ¬◊¡∑’Ë ‰¡à¡’À≈—°ª√–°—π ‰¡àµË”°«à“ 1.5 : 1 ≥†«— π ∑’Ë † 31†∏— π «“§¡†2546†∫√‘ …— ∑ œ†¬— ß §ß “¡“√∂¥”√ß ∂“π–∑“ß°“√‡ß‘ π „Àâ ‡ ªì π ‰ªµ“¡¢â Õ °”Àπ¥ ‘ ∑ ∏‘ ∑ÿ°ª√–°“√

Information of Bonds Unsecured Debentures In†March†2000,†the†Company†issued†900†million†Baht†Unsecured†Debentures;†divided†into Unsecured†Debentures†bearing†interest†at†minimum†loan†rate†(MLR)†-0.50%†per†annum,†780†million Baht†and†Unsecured†Debentures†bearing†fixed†interest†at†7.75%†per†annum,†120†million†Baht. These†bonds†shall†be†effective†for†a†period†of†3†years†until†March†30,†2003.†The†Company†has already†redeemed such bonds on it maturity. In†June†2001,†the†Company†issued†1,000†million†Baht†Unsecured†Debentures†bearing interest†at†minimum†loan†rate†(MLR)†-0.375%†per†annum.†These†bonds†shall†be†effective†for†a period†of†5†years until June 28, 2006. Under†the†terms†and†conditions†of†the†debentures,†the†Company†has†to†maintain†the financial covenants as follows: 1.†Total†Liabilities†(exclude†guarantee†for†leasehold†right)†to†Shareholder†Equity†not†exceed†2.5†:†1 2.†Total Borrowing to Shareholder Equity not exceed 1.75 : 1 3.†Unsecured Asset to Unsecured Loan not less than 1.5 : 1 As of December 31, 2003, the Company can maintain all of the financial covenants.

PAGE 086

√ÿ ª ¢â Õ ¡Ÿ ≈ ∑—Ë « ‰ª¢Õßπ‘ µ‘ ∫ÿ § §≈∑’Ë ∫ √‘ …— ∑ ∂◊ Õ √â Õ ¬≈–†10†¢÷È π ‰ª General†Information†of†Businesses†held†by†the†Company†10%†upward ∫√‘…—∑ Company 1. ∫√‘…—∑ ‡´Áπ∑√—≈‡√’¬≈µ’È ‡´Õ√å«‘ ®”°—¥ Central Realty Services Co.,Ltd. 1693 ∂ππæÀ≈‚¬∏‘π†≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1693 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555 2. ∫√‘…—∑ ‡´Áπ∑√—≈øŸâ¥Õ‡«π‘« ®”°—¥ Central Food Avenue Co.,Ltd. 1697/329 ∂ππæÀ≈‚¬∏‘π ≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1697/329 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555 3. ∫√‘…—∑ À≈—ß «π‡√’¬≈µ’È ®”°—¥ Lang Suan Realty Co.,Ltd. 1693 ∂ππæÀ≈‚¬∏‘π ≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1693 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555 4. ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 ®”°—¥ Central Pattana Rama 2 Co.,Ltd. 1693 ∂ππæÀ≈‚¬∏‘π ≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1693 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555 5. ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à ®”°—¥ Central Pattana Chiangmai Co.,Ltd. 2 ∂ππ¡À‘¥≈ µ.À“¬¬“ Õ.‡¡◊Õß ‡™’¬ß„À¡à 50100 ‚∑√ 0-5328-1660 2 Mahidol Road, Haiya, Muang, Chiangmai 50100 Tel 0-5328-1660 6. ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ √—µπ“∏‘‡∫»√å ®”°—¥ Central Pattana Rattanathibet Co.,Ltd. 1693 ∂ππæÀ≈‚¬∏‘π ≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1693 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555 7. ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ¢Õπ·°àπ ®”°—¥ Central Pattana Khon Kaen Co.,Ltd. 1693 ∂ππæÀ≈‚¬∏‘π ≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1693 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555 8. ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 3 ®”°—¥ Central Pattana Rama 3 Co.,Ltd. 1693 ∂ππæÀ≈‚¬∏‘π ≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1693 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555

ª√–‡¿∑∏ÿ√°‘® Nature of Business

∑ÿπ®¥∑–‡∫’¬π Registered Capital

—¥ à«π°“√∂◊ÕÀÿâπ Percentage†of Shareholding

„Àâ∫√‘°“√ “∏“√≥Ÿª‚¿§ ¿“¬„π»Ÿπ¬å°“√§â“ Servicing of Shopping Center Facilities

1,000,000

99.99%

„Àâ∫√‘°“√»Ÿπ¬åÕ“À“√ ¿“¬„π»Ÿπ¬å°“√§â“ Restaurant operations and servicing of shopping complex food center

1,000,000

99.99%

Õ“§“√∑’Ëæ—°Õ“»—¬ ·≈–æ◊Èπ∑’Ë√â“π§â“„Àâ‡™à“ Residential condominium and shop space for rent

1,000,000,000

99.99%

»Ÿπ¬å°“√§â“ Shopping Center

1,500,000,000

99.99%

»Ÿπ¬å°“√§â“ Shopping Center

1,000,000,000

99.99%

»Ÿπ¬å°“√§â“ Shopping Center

200,000,000

99.99%

»Ÿπ¬å°“√§â“ Shopping Center

260,000,000

78.13%

»Ÿπ¬å°“√§â“ Shopping Center

126,667,000

60.53%

PAGE 087

∫√‘…—∑ Company 9. ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ™≈∫ÿ√’ ®”°—¥ Central Pattana Chonburi Co.,Ltd. 1693 ∂ππæÀ≈‚¬∏‘π ≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1693 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555 10. ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ‰ππå ·§«√å ®”°—¥ Central Pattana Nine Square Co.,Ltd. 1693 ∂ππæÀ≈‚¬∏‘π ≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1693 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555 11. ∫√‘…—∑ ‡´Áπ∑√—≈‡√’È¬≈µ’È ‡´Õ√å«‘ æ√–√“¡ 3 ®”°—¥ Central Realty Service Rama 3 Co.,Ltd. 1693 ∂ππæÀ≈‚¬∏‘π ≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1693 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555 12. ∫√‘…—∑ ∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È ®”°—¥ Bangna Central Property Co.,Ltd. 1091, 1093 À¡Ÿà 12 ∂ππ∫“ßπ“-µ√“¥ (°¡. 3) ∫“ßπ“ °∑¡. 10260 ‚∑√ 0-2361-0888 1091, 1093 M.12 Bangna-Trad (KM 3) Bangna BKK. 10260 Tel 0-2361-0888 13. ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å ∑“«‡«Õ√å ®Ì“°—¥ Central World Tower Co.,Ltd. 1693 ∂ππæÀ≈‚¬∏‘π ≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1693 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555 14. ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´“ ®Ì“°—¥ Central World Plaza Co.,Ltd. 1693 ∂ππæÀ≈‚¬∏‘π ≈“¥¬“« ®µÿ®—°√ °∑¡. 10900 ‚∑√ 0-2937-1555 1693 Paholyothin Rd, Ladyao, Chatuchak, BKK. 10900 Tel 0-2937-1555 15. ∫√‘…—∑ ‡´Áπ∑√—≈ ‡æ≈¬å·≈π¥å ®”°—¥ Central Play Land Co.,Ltd. 1094 À¡Ÿà 12 ∂ππ∫“ßπ“-µ√“¥ (°¡. 3) ∫“ßπ“ °∑¡. 10260 ‚∑√ 0-2361-0888 1094 Moo 12 Bangna-Trad (KM 3) Bangna BKK. 10260 Tel 0-2361-0888

ª√–‡¿∑∏ÿ√°‘® Nature of Business

∑ÿπ®¥∑–‡∫’¬π Registered Capital

—¥ à«π°“√∂◊ÕÀÿâπ Percentage†of Shareholding

»Ÿπ¬å°“√§â“ Shopping Center

350,000,000

60.00%

»Ÿπ¬å°“√§â“ Shopping Center

600,000,000

60.00%

„Àâ∫√‘°“√ “∏“√≥Ÿª ‚¿§ ¿“¬„π»Ÿπ¬å°“√§â“ Servicing of Shopping Center Facilities

175,000,000

99.99% (∂◊Õºà“π ∫®.‡´Áπ∑√—≈ æ—≤π“ æ√–√“¡ 3)

»Ÿπ¬å°“√§â“ / Õ“§“√ ”π—°ß“π / ∑’Ëæ—°Õ“»—¬ / «π πÿ° Shopping Center / Office / Residential / Playland Õ“§“√ Ì“π—°ß“π Office

600,000,000

98.99% (∂◊Õºà“π ∫.À≈—ß «π‡√’¬≈µ’È)

1,000,000,000

93.33% (∂◊Õºà“π ∫®.∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È 18.13%)

„Àâ∫√‘°“√ “∏“√≥Ÿª ‚¿§ ¿“¬„π»Ÿπ¬å°“√§â“ Servicing of Shopping Center Facilities

850,000,000

80.00% (∂◊Õºà“π ∫®.∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È 18.13%)

»Ÿπ¬å°“√§â“ Shopping Center

518,000,000

80.00% (∂◊Õºà“π ∫®.∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ)’È

PAGE 088

∫√‘…—∑ Company 16. ∫√‘…—∑ ¬“¡√’‡∑≈ ¥’‡«≈≈ÁÕª‡¡âπ∑å ®”°—¥ Siam Retail Development Co.,Ltd. 5/5 À¡Ÿà 7 ∂ππ√“¡Õ‘π∑√“ ‡¢µ§—ππ“¬“« °√ÿß‡∑æœ ‚∑√ 0-2947-5000 5/5 M.7 Ramindra Road, Kannayao, BKK. Tel 0-2947-5000 17. ∫√‘…—∑ ·§«√å√‘∑´å æ≈“´à“ ®”°—¥ Square Ritz Plaza Co.,Ltd. 5/5 À¡Ÿà 7 ∂ππ√“¡Õ‘π∑√“ ‡¢µ§—ππ“¬“« °√ÿß‡∑æœ ‚∑√ 0-2947-5000 5/5 M.7 Ramindra Road, Kannayao, BKK. Tel 0-2947-5000 18. ∫√‘…—∑ Õ¬ÿ∏¬“‡°…µ√∏“π’ ®”°—¥ Ayudhya Agrocity Co.,Ltd. 47 À¡Ÿà 2 ∂ππ∫“ßπ“-µ√“¥ ‡¢µ∫“ßæ≈’ ¡ÿ∑√ª√“°“√ 10540 ‚∑√ 0-2750-4290 47 M.2 Bangna-Trad Road, Bangplee, Samutprakarn 10540 Tel 0-2750-4290 19. °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 1 ∫√‘À“√ß“π‚¥¬ ∫¡®.À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ°√ÿß‰∑¬ Thai Business Fund 1 Managed by Krung Thai Asset Management Pcl. 11 Õ“§“√§‘«‡Œâ“ å “∑√ ™—Èπ M ∂ππ “∑√„µâ ·¢«ß∑ÿàß¡À“‡¡¶ ‡¢µ “∑√ °∑¡. 10120 ‚∑√. 0-2670-4900 11 Q House Sathorn Building, M Floor, South Sathorn Road, BKK. 10120 Tel. 0-2670-4900 20. °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 2 ∫√‘À“√ß“π‚¥¬ ∫¡®.À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ°√ÿß‰∑¬ Thai Business Fund 2 Managed by Krung Thai Asset Management Pcl. 11 Õ“§“√§‘«‡Œâ“ å “∑√ ™—Èπ M ∂ππ “∑√„µâ ·¢«ß∑ÿàß¡À“‡¡¶ ‡¢µ “∑√ °∑¡. 10120 ‚∑√. 0-2670-4900 11 Q House Sathorn Building, M Floor, South Sathorn Road, BKK. 10120 Tel. 0-2670-4900 21. °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 4 ∫√‘À“√ß“π‚¥¬ ∫¡®.À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ°√ÿß‰∑¬ Thai Business Fund 4 Managed by Krung Thai Asset Management Pcl. 11 Õ“§“√§‘«‡Œâ“ å “∑√ ™—Èπ M ∂ππ “∑√„µâ ·¢«ß∑ÿàß¡À“‡¡¶ ‡¢µ “∑√ °∑¡. 10120 ‚∑√. 0-2670-4900 11 Q House Sathorn Building, M Floor, South Sathorn Road, BKK. 10120 Tel. 0-2670-4900 21. °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 5 ∫√‘À“√ß“π‚¥¬ ∫¡®.À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ°√ÿß‰∑¬ Thai Business Fund 5 Managed by Krung Thai Asset Management Pcl. 11 Õ“§“√§‘«‡Œâ“ å “∑√ ™—Èπ M ∂ππ “∑√„µâ ·¢«ß∑ÿàß¡À“‡¡¶ ‡¢µ “∑√ °∑¡. 10120 ‚∑√. 0-2670-4900 11 Q House Sathorn Building, M Floor, South Sathorn Road, BKK. 10120 Tel. 0-2670-4900

ª√–‡¿∑∏ÿ√°‘® Nature of Business

∑ÿπ®¥∑–‡∫’¬π Registered Capital

—¥ à«π°“√∂◊ÕÀÿâπ Percentage†of Shareholding

»Ÿπ¬å°“√§â“ Shopping Center

500,000,000

15.00% (∂◊Õºà“π ∫®. À≈—ß «π‡√’¬≈µ’È ·≈–∫®. ·§«√å √‘∑´å æ≈“´à“)

≈ß∑ÿπ„π∏ÿ√°‘® Business Investing

125,000,000

12.00% (∂◊Õºà“π ∫®.À≈—ß «π‡√’¬≈µ’È)

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

400,000,000

11.85% (∂◊Õºà“π ∫®.À≈—ß «π‡√’¬≈µ’È)

≈ß∑ÿπ„π∏ÿ√°‘®Õ —ßÀ“√‘¡∑√—æ¬å Property Investing

450,000,000

60.53% (¢ÕßºŸâ∂◊ÕÀπà«¬ ª√–‡¿∑‡®â“¢Õß)

≈ß∑ÿπ„π∏ÿ√°‘®Õ —ßÀ“√‘¡∑√—æ¬å Property Investing

500,000,000

100.00% (¢ÕßºŸâ∂◊ÕÀπà«¬ ª√–‡¿∑‡®â“¢Õß)

≈ß∑ÿπ„π∏ÿ√°‘®Õ —ßÀ“√‘¡∑√—æ¬å Property Investing

1,575,000,000

100.00% (¢ÕßºŸâ∂◊ÕÀπà«¬ ª√–‡¿∑‡®â“¢Õß) ‚¥¬∂◊Õºà“π ∫®.∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È 18.41%

≈ß∑ÿπ„π∏ÿ√°‘®Õ —ßÀ“√‘¡∑√—æ¬å Property Investing

400,000,000

100.00% (¢ÕßºŸâ∂◊ÕÀπà«¬ ª√–‡¿∑‡®â“¢Õß)

PAGE 089

¢â Õ ¡Ÿ ≈ ∫ÿ § §≈Õâ “ ßÕ‘ ß Õ◊Ë π Ê Reference Firms ∫√‘ …— ∑ Company

∂“π– As

∑’Ë Õ ¬Ÿà Address

Àÿâ π “¡—≠·≈–Àÿâπ∫ÿ√‘¡ ‘∑∏‘ Common Share & Preferred Share 1. ∫√‘…—∑ »Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ Thailand Securities Depository Co., Ltd.

π“¬∑–‡∫’¬πÀÿâπ Registrar

62 ∂ππ√—™¥“¿‘‡…° ·¢«ß§≈Õß‡µ¬ ‡¢µ§≈Õß‡µ¬ °√ÿß‡∑æœ 10110 ‚∑√ 0-2229-2800 62 Ratchadapisek Road Klongtoey, Bangkok, 10110 Tel 0-2229-2800

Àÿâ π°Ÿâ ‰¡à¡’ª√–°—π / Unsecured Debentures 1. ∏π“§“√‰∑¬æ“≥‘™¬å ®”°—¥ (¡À“™π) Siam Commercial Bank Public Company Limited.

π“¬∑–‡∫’¬πÀÿâπ°Ÿâ ·≈–ºŸâ·∑π„π°“√®à“¬ ¥Õ°‡∫’È¬·≈–‡ß‘πµâπ Registrar and Principal Agent

9 ∂ππ√—™¥“¿‘‡…° ·¢«ß≈“¥¬“« ‡¢µ®µÿ®—°√ °√ÿß‡∑æœ 10900 ‚∑√ 0-2544-3942 9 Ratchadapisek Road, Lardyao, Chatuchak, Bangkok, 10900 Tel 0-2544-3942

ºŸâ Õ∫∫—≠™’

179/74-80 Õ“§“√∫“ß°Õ°´‘µ’È∑“«‡«Õ√å ™—Èπ 15 ∂ππ “∑√„µâ ·¢«ß∑ÿàß¡À“‡¡¶ ‡¢µ “∑√ °√ÿß‡∑æœ 10120 ‚∑√ 0-2286-9999 15th Floor Bangkok City Tower 179/74-80 , South Sathorn Road, Sathorn, Bangkok, 10120 Tel 0-2286-9999 ™—Èπ 18 Õ“§“√ “∏√´‘µ’È∑“«‡«Õ√å 175 ∂ππ “∑√„µâ ‡¢µ “∑√ °√ÿß‡∑æœ 10120 ‚∑√ 0-2679-6005 18th Floor, Sathorn City Tower, 175, South Sathorn Road, Bangkok, 10120 Tel 0-2679-6005 ™—Èπ 24-25 Õ“§“√‰∑¬«“∑“«‡«Õ√å 2, 21/147-150 ∂ππ “∑√„µâ†‡¢µ “∑√ °√ÿß‡∑æœ†10120†‚∑√ 0-2679-1333 24-25th Floor, Thai Wah Tower 2, 21/147-150, South Sathorn Road, Sathorn, Bangkok, 10120 Tel 0-2679-1333

ºŸâ Õ∫∫—≠™’ / ∑’Ëª√÷°…“°ØÀ¡“¬ Auditors and Legal Consultants 1. ∫√‘…—∑ ‰æ√â´«Õ‡µÕ√å‡Œ“ å§Ÿ‡ªÕ√å ‡Õ∫’‡Õ‡Õ ®”°—¥

Pricewaterhouse Coopers ABAS Ltd.

2. ∫√‘…—∑ ∑’Ëª√÷°…“°ØÀ¡“¬ “°≈ ®”°—¥

Auditors

∑’Ëª√÷°…“°ØÀ¡“¬

International Legal Counsellors Thailand Ltd.

Legal Consultant

3. ∫√‘…—∑ ”π—°ß“π°ØÀ¡“¬ ¬“¡æ√’‡¡’¬√å

∑’Ëª√÷°…“°ØÀ¡“¬

Siam Premier International Law Office Limited

Legal Consultant

PAGE 090

∫√‘ …— ∑ Company 4. ∫√‘…—∑ «‘§‡§Õ√’Ë ·Õπ¥å «√™—¬ ®”°—¥

Vickery and Worachai Law Office

5. ”π—°ß“π°ØÀ¡“¬»“ µ√“®“√¬åæ‘»‘…Æå- π¿¥≈ ·≈–‡æ◊ËÕπ ®”°—¥ Professor Pisit - Nopadol and Associates Law Office Co., Ltd. 6. ∫√‘…—∑ ”π—°°ØÀ¡“¬ Õ‘π¥‘‡æπ‡¥π´å ®”°—¥

∂“π– As ∑’Ëª√÷°…“°ØÀ¡“¬

Legal Consultant

∑’Ëª√÷°…“°ØÀ¡“¬

Legal Consultant

∑’Ëª√÷°…“°ØÀ¡“¬

Independent Law Office

Legal Consultant

7. ”π—°ß“π°ÆÀ¡“¬ Õ‘π‡∑≈≈Õ«å

∑’Ëª√÷°…“°ØÀ¡“¬

Intel Law Attorneys

Legal Consultant

8. ∫√‘…—∑ ‰«â∑å ·Õπ¥å ‡§ (ª√–‡∑»‰∑¬) ®”°—¥

∑’Ëª√÷°…“°ØÀ¡“¬

White & Case ( Thailand ) Limited

Legal Consultant

∑’Ë Õ ¬Ÿà Address ™—Èπ 16 Õ“§“√¥’∑·Œ≈å¡∑“«‡«Õ√å ‡Õ, 93/1 ∂ππ«‘∑¬ÿ ·¢«ß≈ÿ¡æ‘π’ ‡¢µª∑ÿ¡«—π °√ÿß‡∑æœ 10330 ‚∑√ 0-2256-6311-4 16th Floor, Diethlam Tower A, 93/1 Wireless Road, Lumpini, Patumwan, Bangkok,10330 Tel 0-2256-6311-4 1421 ∂ππª√–™“™◊Ëπ ·¢«ß∫“ß´◊ËÕ ‡¢µ∫“ß´◊ËÕ °∑¡. 10800 ‚∑√ 0-2951-7812 1421 Prachachuen Road, Bangsue, Bangkok, 10800 Tel 0-2951-7812 31 Õ“§“√æ≠“‰∑ ™—Èπ 8 ∂ππæ≠“‰∑ ‡¢µ√“™‡∑«’ °√ÿß‡∑æœ 10400 ‚∑√ 0-2642-7642 31 Phayathai Building, 8th Floor, Phayathai Road, Ratchathewi Bangkok, 10400 Tel 0-2642-7642 ™—Èπ 4 Õ“§“√«—ß‡¥Á° 2 19/1-2 ∂ππ«‘¿“«¥’√—ß ‘µ ·¢«ß≈“¥¬“« ‡¢µ®µÿ®—°√ °√ÿß‡∑æœ 10900 ‚∑√ 0-2617-5959 4th Floor, Wangdek Building 2 19/1-2 Viphawadirangsit Road, Ladyao, Chatuchak, Bangkok 10900 Tel 0-2617-5959 ™—Èπ 5 Õ“§“√‡°…√‡æ≈ (‡° √æ≈“´à“) 999 ∂ππ‡æ≈‘π®‘µ ≈ÿ¡æ‘π’ ª∑ÿ¡«—π °√ÿß‡∑æœ 10330 ‚∑√ 0-2656-1721-32 5th Floor Gaysorn Place (Gaysorn Plaza) 999 Ploenchit Road, Lumpini, Pathumwan, Bangkok10330 Tel 0-2656-1721-32

PAGE 091

∫√‘ …— ∑ Company 9. ”π—°ß“π°ØÀ¡“¬Õ¡√ Õπÿ√ÿ∑∏‘°√

Amorn Anuruthikorn Law Office

10. ”π—°ß“π∑π“¬§«“¡ ¬Ÿ‰π‡µÁ¥

United Law Office

11. ∫√‘…—∑ Àâ“ß √√æ ‘π§â“ ‡´Áπ∑√—≈¥’æ“√å∑‡¡π∑å ‚µ√å ®”°—¥ (ΩÉ“¬°ÆÀ¡“¬)

∂“π– As ∑’Ëª√÷°…“°ØÀ¡“¬

Legal Consultant

∑’Ëª√÷°…“°ØÀ¡“¬

Legal Consultant

∑’Ëª√÷°…“°ØÀ¡“¬

Central Department Store Co.,Ltd. (Legal Department)

Legal Consultant

12. ∫√‘…—∑ ‡πµ‘√—∞ ∑π“¬§«“¡·≈–°“√∫—≠™’ ®”°—¥

∑’Ëª√÷°…“°ØÀ¡“¬

Naetirat Lawyer & Accounting Co.,Ltd.

Legal Consultant

13. ∫√‘…—∑ §≈‘øøÕ√å¥ ™“π´å (ª√–‡∑»‰∑¬) ®”°—¥

∑’Ëª√÷°…“°ØÀ¡“¬

Clifford Chance (Thailand) Limited

Legal Consultant

∑’Ë Õ ¬Ÿà Address 11/30-31 ∂ππ»√’π§√‘π∑√å ·¢«ßÀ—«À¡“° ‡¢µ∫“ß°–ªî °√ÿß‡∑æœ 10240 ‚∑√ 0-2379-4618 11/30-31 Srinakarin Road, Huamark, Bangkapi, Bangkok 10240 Tel 0-2379-4618 ™—Èπ 3 Õ“§“√ 4, 60/1 ∂.√“™¥”‡π‘π°≈“ß ‡¢µæ√–π§√ °√ÿß‡∑æœ 10200 ‚∑√. 0-2224-1033, 0-2622-1516 3rd Floor, Bldg.4 60/1 Rajadamnoenklang Rd., Pranakorn District Bangkok 10200 Tel 0-2224-1033, 0-2622-1516 Àâ“ß √√æ ‘π§â“‡´Áπ∑√—≈¥’æ“√å∑‡¡π∑å ‚µ√å ™—Èπ 9 306 ∂ππ ’≈¡ ·¢«ß ÿ√‘¬«ß»å ‡¢µ∫“ß√—° °√ÿß‡∑æœ 10500 ‚∑√ 0-2266-5088 Hang Central Department Store, 9th Floor 306 Silom Road, Suriyawong, Bangrak, Bangkok 10500 Tel 0-2266-5088 322/190 Õ¬Ÿà‡®√‘≠ 18 ∂ππÕ‚»°¥‘π·¥ß ‡¢µ¥‘π·¥ß °√ÿß‡∑æœ 10400 ‚∑√ 0-2245-7660 322/190 Youcharearn 18 Osoke-dindeang Road, Dindeang Bangkok 10400 Tel 0-2245-7660 ™—Èπ 21 Õ“§“√ ‘π∏√∑“«‡«Õ√å 3 130-132 ∂ππ«‘∑¬ÿ ‡¢µª∑ÿ¡«—π °√ÿß‡∑æœ 10330 ‚∑√ 0-2263-2250 21th Floor, Sindhorn Building Tower 3 130-132 Wireless Road, Pathumwan, Bangkok 10330 Tel 0-2263-2250

PAGE 092

√“¬™◊Ë Õ ºŸâ ∂◊ Õ Àÿâ π „À≠à List of Major Shareholders ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 / December 31, 2003 ≈”¥— ∫ No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

ºŸâ ∂◊ Õ Àÿâ π Shareholder ∫√‘…—∑ ‡´Áπ∑√—≈‚Œ≈¥‘Èß ®”°—¥ Central Holding Co.,Ltd. °Õß∑ÿ π ‡æ◊Ë Õ °“√√à « ¡≈ß∑ÿ π Thailand Equity Fund π“¬ ÿ ∑ ∏‘ ∏ √√¡ ®‘ √ “∏‘ «— ≤ πå Mr.Sudhitham Chirathivat π“¬°Õ∫™—¬ ®‘ √ “∏‘ «— ≤ πå Mr.Kobchai Chirathivat π“¬ª√‘ ≠ ≠å ®‘ √ “∏‘ «— ≤ πå Mr.Prin Chirathivat π“¬«— π ™— ¬ ®‘ √ “∏‘ «— ≤ πå Mr.Vanchai Chirathivat π“ß ÿ ®‘ µ √“ ¡ß§≈°‘ µ‘ Mrs.Suchitra Mongkolkiti π“¬ ÿ ∑ ∏‘ æ— π ∏å ®‘ √ “∏‘ «— ≤ πå Mr.Suthiphand Chirathivat π“ß “«‡πµ√Õπß§å ®‘ √ “∏‘ «— ≤ πå Ms.Nate-anong Chirathivat π“¬ ÿ ∑ ∏‘ ‡ ¥™ ®‘ √ “∏‘ «— ≤ πå Mr.Sudthidej Chirathivat

®”π«πÀÿâ π ∑’Ë ∂◊ Õ Number of shares

117,634,396

27.00

35,714,200

8.20

24,129,898

5.54

16,088,776

3.69

12,267,232

2.82

12,104,242

2.78

12,065,066

2.77

12,065,066

2.77

8,497,828

1.95

6,434,702

1.48

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°“√ √√À“°√√¡°“√∫√‘…—∑

§≥–°√√¡°“√¢Õß∫√‘ …— ∑ ¡’ ®”π«π∑—È ß ‘È π †15†∑à “ π†‚¥¬¡’ ° √√¡°“√∫ÿ § §≈¿“¬πÕ°†(°√√¡°“√Õ‘ √–)†4†∑à “ π ¡’Õ”π“®Àπâ“∑’Ë „π°“√°”°—∫¥Ÿ·≈°“√∫√‘À“√·≈–°‘®°“√ß“πµà“ßÊ†¢Õß∫√‘…—∑†√«¡∑—Èß°“√®—¥À“√‘‡√‘Ë¡†·≈–√à«¡°—πæ—≤π“‚§√ß°“√ „À¡à Ê †‡æ◊Ë Õ „Àâ ∏ÿ √ °‘ ® ¢Õß∫√‘ …— ∑ œ†¥”‡π‘ π ‰ªÕ¬à “ ß¡’ ª √– ‘ ∑ ∏‘ ¿ “æ†´÷Ë ß „πªï † 2546†∫√‘ …— ∑ œ†¡’ ° “√‡ª≈’Ë ¬ π·ª≈ß„π§≥–°√√¡°“√ ∫√‘…—∑œ 2†§√—Èß ¥—ßµàÕ‰ªπ’È -†π“¬«‘ ‚ √®πå † ¿Ÿà µ √–°Ÿ ≈ †‰¥â ∂÷ ß ·°à Õ π‘ ® °√√¡†‡¡◊Ë Õ «— π ∑’Ë † 16†°ÿ ¡ ¿“æ— π ∏å † 2546† à ß º≈„Àâ µ”·Àπà ß °√√¡°“√ ∫√‘ …— ∑ œ«à “ ß≈ß -†«— π ∑’Ë † 26†¡‘ ∂ÿ π “¬π†2546†§≥–°√√¡°“√∫√‘ …— ∑ œ†‰¥â ‡ πÕ·µà ß µ—È ß π“¬§√√™‘ µ †∫ÿ π –®‘ π ¥“†µ— « ·∑π∑’Ë ∑ “ß °Õß∑ÿ π ‡æ◊Ë Õ °“√√à « ¡≈ß∑ÿ π †(Thailand†Equity†Fund)†´÷Ë ß ‡ªì π ºŸâ ∂◊ Õ Àÿâ π „À≠à ≈”¥— ∫ ∑’Ë † 2†¢Õß∫√‘ …— ∑ œ†‡ πÕ™◊Ë Õ ‡¢â “ ‡ªì π °√√¡°“√∫√‘ …— ∑ œ†µà Õ ∑’Ë ª √–™ÿ ¡ «‘ “¡— ≠ ºŸâ ∂◊ Õ Àÿâ π †§√—È ß ∑’Ë † 1/2546†À≈— ß ®“°‰¥â æ‘ ® “√≥“§ÿ ≥ ¡∫— µ‘ «à “ ‡ªì π ‰ªµ“¡¢â Õ ∫— ß §— ∫ ∫√‘ …— ∑ œ†∑’Ë ª √–™ÿ ¡ œ†‰¥â ¡’ ¡ µ‘ · µà ß µ—È ß π“¬§√√™‘ µ †∫ÿ π –®‘ π ¥“†‡¢â “ ¥”√ßµ”·Àπà ß °√√¡°“√∫√‘ …— ∑ œ†¥â « ¬§–·ππ‡ ’ ¬ ß‡ÀÁ π ¥â « ¬ 311,425,726†‡ ’ ¬ ß†‰¡à ‡ ÀÁ π ¥â « ¬†-†‡ ’ ¬ ß†·≈–‰¡à Õ Õ°‡ ’ ¬ ß†18,841,200†‡ ’ ¬ ß†À√◊ Õ §‘ ¥ ‡ªì π ºŸâ ∂◊ Õ Àÿâ π ∑’Ë ‡ ÀÁ π ¥â « ¬†94.30% ¢ÕßºŸâ∂◊ÕÀÿâπ∑’Ë¡“ª√–™ÿ¡ ·≈–¡’ ‘∑∏‘ÕÕ°‡ ’¬ß ”À√— ∫ ¢â Õ °”Àπ¥‡√◊Ë Õ ß°“√·µà ß µ—È ß †·≈–∂Õ¥∂Õπ°√√¡°“√∫√‘ …— ∑ œ†‰¥â √ –∫ÿ ‰ «â „ π¢â Õ ∫— ß §— ∫ ∫√‘ …— ∑ œ†´÷Ë ß ¡’ √ “¬≈–‡Õ’ ¬ ¥ ¥— ß µà Õ ‰ªπ’È 1. °√√¡°“√¢Õß∫√‘ …— ∑ ‰¡à ®”‡ªì π µâ Õ ß¡“®“°ºŸâ ∂◊ Õ Àÿâ π ¢Õß∫√‘ …— ∑ †∫ÿ § §≈¿“¬πÕ°´÷Ë ß ¬‘ π ¬Õ¡‡ªì π °√√¡°“√¢Õß∫√‘ …— ∑ †·≈– ‰¥â √— ∫ °“√·µà ß µ—È ß ®“°∑’Ë ª √–™ÿ ¡ ·≈â « ¬à Õ ¡‡ªì π °√√¡°“√¢Õß∫√‘ …— ∑ ‰¥â 2. §≥–°√√¡°“√¢Õß∫√‘ …— ∑ ¡’ ®”π«π‰¡à πâ Õ ¬°«à “ †5†§π†·≈–§≥–°√√¡°“√‰¡à πâ Õ ¬°«à “ °÷Ë ß Àπ÷Ë ß ¢Õß®”π«π°√√¡°“√ ∑—È ß À¡¥µâ Õ ß¡’ ∂‘Ë π ∞“πÕ¬Ÿà „π√“™Õ“≥“®—°√ 3. °√√¡°“√®–µâÕß‡ªìπ∫ÿ§§≈∏√√¡¥“·≈– 3.1 ∫√√≈ÿ π‘ µ‘ ¿ “«– 3.2 ‰¡à‡ªìπ∫ÿ§§≈≈â¡≈–≈“¬ §π‰√â§«“¡ “¡“√∂ ·≈–§π‡ ¡◊Õπ‰√â§«“¡ “¡“√∂ 3.3 ‰¡à ‡ §¬‰¥â √— ∫ ‚∑…®”§ÿ ° ‚¥¬§”æ‘ æ “°…“∂÷ ß ∑’Ë ÿ ¥ „Àâ ®”§ÿ ° „π§«“¡º‘ ¥ ‡°’Ë ¬ «°— ∫ ∑√— æ ¬å ∑’Ë ‰ ¥â ° √–∑”‚¥¬∑ÿ ® √‘ µ 3.4 ‰¡à‡§¬∂Ÿ°≈ß‚∑… ‰≈àÕÕ° À√◊Õª≈¥ÕÕ°®“°√“™°“√ À√◊ÕÕß§å°√ À√◊ÕÀπà«¬ß“π¢Õß√—∞ ∞“π∑ÿ®√‘µµàÕÀπâ“∑’Ë 4. „Àâ ∑’Ë ª √–™ÿ ¡ ºŸâ ∂◊ Õ Àÿâ π ‡ªì π ºŸâ ‡ ≈◊ Õ °µ—È ß °√√¡°“√µ“¡À≈— ° ‡°≥±å · ≈–«‘ ∏’ ° “√†¥— ß µà Õ ‰ªπ’È 4.1 „π°“√≈ß§–·ππ‡ ’ ¬ ß‡≈◊ Õ °µ—È ß °√√¡°“√„Àâ „ ™â ‡ ’ ¬ ß¢â “ ß¡“°†‚¥¬„Àâ ∂◊ Õ «à “ ºŸâ ∂◊ Õ Àÿâ π ·µà ≈ –§π¡’ § –·ππ‡ ’ ¬ ß‡∑à “ °— ∫ 1†Àÿâ π †µà Õ †1†‡ ’ ¬ ß 4.2 „Àâ ºŸâ ∂◊ Õ Àÿâ π ≈ß§–·ππ‡ ’ ¬ ß∑—È ß À¡¥∑’Ë µ π¡’ Õ ¬Ÿà ‡ ≈◊ Õ °∫ÿ § §≈∑’Ë ‰ ¥â √— ∫ °“√‡ πÕ™◊Ë Õ ‡ªì π °√√¡°“√∑’ ≈ –§π 4.3 ∫ÿ § §≈´÷Ë ß ‰¥â √— ∫ §–·ππ‡ ’ ¬ ß Ÿ ß ÿ ¥ µ“¡≈”¥— ∫ ≈ß¡“‡ªì π ºŸâ ‰ ¥â √— ∫ °“√‡≈◊ Õ °µ—È ß ‡ªì π °√√¡°“√‡∑à “ ®”π«π°√√¡°“√æ÷ ß ®–¡’ À √◊ Õ æ÷ ß ®–‡≈◊ Õ °µ—È ß „π§√—È ß π—È π †„π°√≥’ ∫ÿ § §≈´÷Ë ß ‰¥â √— ∫ °“√‡≈◊ Õ °µ—È ß „π≈”¥— ∫ ∂— ¥ ≈ß¡“¡’ § –·ππ‡ ’ ¬ ß ‡∑à “ °— π ‡°‘ π ®”π«π°√√¡°“√∑’Ë æ÷ ß ®–¡’ † „Àâ ª √–∏“π∑’Ë ª √–™ÿ ¡ ÕÕ°‡ ’ ¬ ß„Àâ ‡ æ‘Ë ¡ ¢÷È π Õ’ ° †1†‡ ’ ¬ ß†‡ªì π ‡ ’ ¬ ß™’È ¢ “¥

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5. „π°“√ª√–™ÿ ¡ “¡— ≠ ª√–®”ªï ∑ÿ ° §√—È ß †„Àâ ° √√¡°“√Àπ÷Ë ß „π “¡ÕÕ°®“°µ”·Àπà ß †∂â “ ®”π«π°√√¡°“√∑’Ë Õ Õ°·∫à ß „Àâ µ √ß ‡ªìπ “¡ à«π‰¡à ‰¥â†„ÀâÕÕ°‚¥¬®”π«π∑’Ë „°≈â∑’Ë ÿ¥°—∫Àπ÷Ëß„π “¡†‚¥¬°√√¡°“√∑’Ë®–µâÕßÕÕ°®“°µ”·Àπàß„πªï·√°·≈–ªï∑’Ë Õß¿“¬À≈— ß ®¥∑–‡∫’ ¬ π∫√‘ …— ∑ π—È π „Àâ ®— ∫ ≈“°°— π «à “ ºŸâ „¥®–ÕÕ° à«πªïÀ≈—ßÊ†µàÕ‰ª„Àâ ° √√¡°“√§π∑’Ë Õ ¬Ÿà „πµ”·Àπàßπ“π ∑’Ë ÿ ¥ π—È π ‡ªì π ºŸâ Õ Õ°®“°µ”·Àπà ß 6. πÕ°®“°°“√æâπµ”·Àπàßµ“¡«“√–·≈â«†°√√¡°“√®–æâπ®“°µ”·Àπàß‡¡◊ËÕ 6.1 µ“¬ 6.2 ≈“ÕÕ° 6.3 ¢“¥§ÿ≥ ¡∫—µ‘µ“¡¢âÕ 3 6.4 ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ¡’¡µ‘ „ Àâ Õ Õ° 6.5 »“≈¡’§” —Ëß„ÀâÕÕ° 7. °√√¡°“√§π„¥®–≈“ÕÕ°®“°µ”·Àπàß„Àâ¬◊Ëπ„∫≈“ÕÕ°µàÕ∫√‘…—∑†‚¥¬°“√≈“ÕÕ°π’È®–¡’º≈µ—Èß·µà«—π∑’Ë „∫≈“ÕÕ°‰ª∂÷ß∫√‘…—∑ °√√¡°“√´÷Ëß≈“ÕÕ°µ“¡«√√§Àπ÷Ëß†®–·®âß°“√≈“ÕÕ°¢Õßµπ„Àâπ“¬∑–‡∫’¬π∑√“∫¥â«¬°Á ‰ ¥â 8. „π°√≥’ ∑’Ë µ”·Àπà ß °√√¡°“√«à “ ß≈ß‡æ√“–‡Àµÿ Õ◊Ë π πÕ°®“°∂÷ ß §√“«ÕÕ°µ“¡«“√–†„Àâ § ≥–°√√¡°“√‡≈◊ Õ °∫ÿ § §≈Àπ÷Ë ß ´÷Ëß¡’§ÿ≥ ¡∫—µ‘·≈–‰¡à¡’≈—°…≥–µâÕßÀâ“¡µ“¡¢âÕ†3†‡¢â“‡ªìπ°√√¡°“√·∑π„π°“√ª√–™ÿ¡§≥–°√√¡°“√§√“«∂—¥‰ª†‡«âπ·µà «“√–¢Õß°√√¡°“√®–‡À≈◊ Õ πâ Õ ¬°«à “ †2†‡¥◊ Õ π†‚¥¬∫ÿ § §≈´÷Ë ß †‡¢â “ ‡ªì π °√√¡°“√·∑π¥— ß °≈à “ «®–Õ¬Ÿà „ πµ”·Àπà ß °√√¡°“√ ‰¥â ‡ æ’ ¬ ß‡∑à “ «“√–∑’Ë ¬— ß ‡À≈◊ Õ Õ¬Ÿà ¢ Õß°√√¡°“√∑’Ë µ π·∑π ¡µ‘ ¢ Õß§≥–°√√¡°“√µ“¡«√√§Àπ÷Ë ß µâ Õ ßª√–°Õ∫¥â « ¬§–·ππ‡ ’ ¬ ß‰¡à πâ Õ ¬°«à “ †3†„π†4†¢Õß®”π«π°√√¡°“√ ∑’Ë ¬— ß ‡À≈◊ Õ Õ¬Ÿà 9. ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπÕ“®≈ß¡µ‘ „Àâ°√√¡°“√§π„¥ÕÕ°®“°µ”·Àπàß°àÕπ∂÷ß§√“«ÕÕ°µ“¡«“√–‰¥â†¥â«¬§–·ππ‡ ’¬ß‰¡àπâÕ¬°«à“ 3†„π†4†¢Õß®”π«πºŸâ ∂◊ Õ Àÿâ π ∑’Ë ¡ “ª√–™ÿ ¡ †·≈–¡’ ‘ ∑ ∏‘ Õ Õ°‡ ’ ¬ ß†·≈–¡’ Àÿâ π π— ∫ √«¡°— π ‰¥â ‰ ¡à πâ Õ ¬°«à “ °÷Ë ß Àπ÷Ë ß ¢Õß®”π«π Àÿâ π ∑’Ë ∂◊ Õ ‚¥¬ºŸâ ∂◊ Õ Àÿâ π ∑’Ë ¡ “ª√–™ÿ ¡ †·≈–¡’ ‘ ∑ ∏‘ Õ Õ°‡ ’ ¬ ß

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Board of Directors

Board†of†Directors†comprises†of†15†directors,†including†4†independent†directors.†The†Board†is responsible†for†monitoring†and†supervising†the†management†and†operation†of†the†Company†as†well†as initiating†and†developing†new†project†to†enhance†the†Company,s†operational†efficiency.†In†2003,†there were 2 changes in the Board of Directors as follow; - Mr. Viroj Phutrakul passed away on February 16, 2003. - Mr.Kanchit†Bunajinda,†the†representative†from†Thailand†Equity†Fund,†the†2nd†largest shareholder,†whose†qualification†is†in†accordance†with†the†articles†of†association,†is appointed†a†director†of†the†Company†at†an†Extraordinary†General†Meeting†of†Shareholders No.1/2003†on†June†26,†2003.†The†resolution†was†passed†by†311,425,726†votes,†no†disagree votes†and†not†vote†at†18,841,200†votes†or†94.30%†of†attentive†shareholders†who†have right to†vote has agreed. The†rules†to†nominate†and†retire†the†directors†are†defined†in†the†articles†of†association†of the Company as follow: 1. The†directors†of†the†Company†need†not†to†be†elected†from†among†the†shareholders†of†the†Company. The†third†person†who†is†appointed†by†the†meeting†of†shareholders,†and†giving†his†consent†to such appointment shall be eligible to be the director of the Company. 2. Number†of†Directors†of†the†Company†shall†not†be†less†than†5†members†and†more†than†half†of all members shall be resident of Thailand. 3. The 3.1 3.2 3.3 3.4

directors should be individual who: are sui juris; are not bankrupt, incompetence or quasi-incompetence; not used to be imprisoned by final judgement for dishonesty offences relating to asset; not†used†to†be†penalized,†dismissed†or†removed†from†government†service,†or†a†government organization or a government agency for dishonesty in performing their duties.

4. The†meeting†of†shareholders†shall†elect†directors†in†accordance†with†the†following†rules†and procedures : 4.1 Election†of†directors†shall†be†made†by†majority†vote†whereby†each†shareholder†shall†have 1 share, 1 vote. 4.2 Each†shareholder†shall†exercise†all†of†his†voting†rights†to†elect†the†nominees,†one†at†a†time. 4.3 The†nominees†whom†receiving†the†highest†votes†shall†be†appointed†to†be†directors respectively†until†the†number†of†directors†of†the†Company,†or†the†number†of†directors†to be†elected†at†such†election†is†reached.†In†case†of†tie†votes†causing†the†number†of†elected nominee†exceed†the†number†of†directors†to†be†elected,†the†chairman†shall†have†a†casting†vote.

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5. At†every†annual†ordinary†meeting†of†shareholders,†one-third†(1/3)†of†the†directors†of†the†Company shall†retire.†If†the†number†of†directors†cannot†be†divided†into†a†multiple†of†three,†the†number†of directors†nearest†to†one-third†(1/3)†shall†retire.†The†directors†who†must†be†retired†in†the†first and†second†year†after†the†Company,s†registration,†shall†be†made†by†drawing†lots.†For†subsequent years, the directors who have longest term shall retire. 6. Other than retirement by rotation, the directors shall be vacated upon: 6.1 death; 6.2 resignation; 6.3 loss of qualifications or disqualification under Article 3 hereof; 6.4 removal by†resolution of the meeting of shareholders; 6.5 removal by†court order. 7. Any†director†desires†to†resign†shall†submit†the†resignation†letter†to†the†Company†and†the†resignation shall be effective on the date that the Company received the resignation letter. The director who has resigned under the first paragraph may notify the Registrar of his resignation. 8. In†case†of†any†vacancy†occurs†in†the†Board†of†Directors†other†than†by†rotation,†the†Board†of†Directors shall†elect†a†person†who†has†the†qualifications†and†who†is†not†disqualified†under†Article†3†hereof to†be†the†director†as†replacement†at†the†following†meeting†of†the†Board†of†Directors†unless†the remaining†term†is†less†than†2†(two)†months.†New†directors†shall†be†in†office†for†the†remaining term of the directors whom they replace. The†resolution†of†the†Board†of†Directors†under†the†first†paragraph†shall†be†supported†by†a vote of not less than three-quarters (3/4) of remaining directors. 9. The†meeting†of†shareholders†may†pass†a†resolution†removing†any†director†prior†to†retirement by†rotation†by†a†vote†of†not†less†than†three-quarters†(3/4)†of†the†number†of†shareholders†attending the†meeting†and†are†eligible†to†vote†and†having†shares†collectively†not†less†than†one†half†of†the number†of†shares†held†by†shareholders†attending†the†meeting†and†are†eligible†to†vote.

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§à “ µÕ∫·∑π°√√¡°“√·≈–ºŸâ ∫ √‘ À “√∫√‘ …— ∑ Remuneration for Directors and Management §à“µÕ∫·∑π°√√¡°“√·≈–ºŸâ∫√‘À“√¢Õß∫√‘…—∑„πªï 2546 ‡ªìπ¥—ßπ’È The remuneration for Directors and Management for 2003 was as follows :-

√Ÿª·∫∫¢Õß§à“µÕ∫·∑π

°√√¡°“√ 15 ∑à“π Directors (15 Persons)

‡∫’È ¬ ª√–™ÿ ¡ Director Allowance

°√√¡°“√∫√‘À“√·≈–ºŸâ∫√‘À“√†7†∑à“ π Executive Directors and Management (5 Persons)

‡ß‘ π ‡¥◊ Õ π·≈–† «— ¥‘ ° “√ Salary and Welfare

®”π«π‡ß‘π (∫“∑)

1,760,000

24,482,400

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π‚¬∫“¬°“√°Ì “ °— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’

§≥–°√√¡°“√∫√‘ …— ∑ ¡’ § «“¡‡™◊Ë Õ ¡—Ë π «à “ °√–∫«π°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’ ‡ ªì π ªí ® ®— ¬ ”§— ≠ ¬‘Ë ß „π°“√‡æ‘Ë ¡ ¡Ÿ ≈ §à “ ·≈– º≈µÕ∫·∑π Ÿ ß ÿ ¥ ·°à ºŸâ ∂◊ Õ Àÿâ π ¢Õß∫√‘ …— ∑ „π√–¬–¬“«†∑”„Àâ ∫ √‘ …— ∑ ¡’ § «“¡¡—Ë π §ß·≈–æ— ≤ π“µà Õ ‰ª‰¥â Õ ¬à “ ßµà Õ ‡π◊Ë Õ ß·≈– ¬—Ë ß ¬◊ π ¿“¬„µâ ° “√¥”‡π‘ π °“√Õ¬à “ ß¡’ ® √√¬“∫√√≥·≈–‡ªì π ‰ªµ“¡°ØÀ¡“¬∑’Ë ‡ °’Ë ¬ «¢â Õ ß†®÷ ß ‰¥â °”Àπ¥π‚¬∫“¬‡°’Ë ¬ «°— ∫ °“√ °”°— ∫ ¥Ÿ · ≈°‘ ® °“√¢÷È π †‡æ◊Ë Õ ¬°√–¥— ∫ °“√ªØ‘ ∫— µ‘ ∑’Ë ¡’ Õ ¬Ÿà · ≈â « †„Àâ ¡’ § «“¡‡ªì π √–∫∫¡“µ√∞“π™— ¥ ‡®π·≈–°√–®“¬°“√ªØ‘ ∫— µ‘ ‰ ª Ÿà ∑ÿ ° √–¥— ∫ ·≈–∑ÿ ° §π∑—Ë « ∑—È ß ∫√‘ …— ∑ †Õ— π ‡ªì π °“√‡ √‘ ¡ √â “ ß„Àâ ‡ °‘ ¥ «— ≤ π∏√√¡°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√Õ¬à “ ß·∑â ® √‘ ß †§≥–°√√¡°“√ ‰¥â ¡ Õ∫À¡“¬ºŸâ √— ∫ º‘ ¥ ™Õ∫°”°— ∫ ¥Ÿ · ≈„Àâ ¡’ ° “√ªØ‘ ∫— µ‘ µ “¡π‚¬∫“¬Õ¬à “ ßµà Õ ‡π◊Ë Õ ß·≈– ¡Ë” ‡ ¡Õ·≈–¥”‡π‘ π °“√µ‘ ¥ µ“¡º≈ ·≈–ª√— ∫ ª√ÿ ß „Àâ ¡’ § «“¡‡À¡“– ¡¬‘Ë ß ¢÷È π ë §≥–°√√¡°“√∫√‘ …— ∑ 1. Õß§åª√–°Õ∫ 1.1 §≥–°√√¡°“√†ª√–°Õ∫¥â « ¬†°√√¡°“√∑’Ë ‡ ªì π ºŸâ ∫ √‘ À “√†°√√¡°“√∑’Ë ‡ ªì π µ— « ·∑π¢ÕßºŸâ ∂◊ Õ Àÿâ π √“¬„À≠à µ “¡ —¥ à«π¬ÿµ‘∏√√¡·≈–°√√¡°“√∑’Ë‡ªìπÕ‘ √–†´÷Ëß¡’®”π«π°√√¡°“√∑’Ë‡À¡“– ¡°—∫°“√¥”‡π‘πß“π„Àâ·°à∫√‘…—∑‰¥âÕ¬à“ß ¡’ª√– ‘∑∏‘¿“æ†‚¥¬√«¡·≈â«¡’®”π«π‰¡àπâÕ¬°«à“ 5 §π 1.2 ª√–∏“π°√√¡°“√·≈–°√√¡°“√ºŸâ®—¥°“√„À≠à†µâÕß‰¡à‡ªìπ∫ÿ§§≈‡¥’¬«°—π†‡æ◊ËÕ„Àâ¡’°“√·∫àß·¬°∫∑∫“∑Õ¬à“ß ™— ¥ ‡®π·≈–¡’ ° “√∂à « ß¥ÿ ≈ „πÕ”π“®¥”‡π‘ π ß“π 2.

§ÿ ≥ ¡∫— µ‘ · ≈–°“√·µà ß µ—È ß °√√¡°“√µâ Õ ß‰¥â √— ∫ °“√·µà ß µ—È ß ®“°∑’Ë ª √–™ÿ ¡ ºŸâ ∂◊ Õ Àÿâ π †¡’ « “√–°“√¥”√ßµ”·Àπà ß §√“«≈–†3†ªï † ·≈–‡¡◊Ë Õ §√∫°”Àπ¥ ÕÕ°µ“¡«“√–†¡’ ‘ ∑ ∏‘ ‰ ¥â √— ∫ °“√‡≈◊ Õ °µ—È ß „Àâ ° ≈— ∫ ¡“¥”√ßµ”·Àπà ß µà Õ ‰ª‰¥â † ‚¥¬¡’ § ≥–°√√¡°“√ √√À“†∑”Àπâ “ ∑’Ë §— ¥ ‡≈◊ Õ °®“°ºŸâ ∑ √ß§ÿ ≥ «ÿ ≤‘ ∑’Ë ¡’ §ÿ ≥ ¡∫— µ‘ µ “¡∑’Ë °”Àπ¥‰«â „ π¢â Õ ∫— ß §— ∫ ¢Õß∫√‘ …— ∑ ·≈–‡ªì π ºŸâ ¡’ §ÿ ≥ ∏√√¡·≈–®√‘ ¬ ∏√√¡ √«¡∑—Èß¡’§«“¡ “¡“√∂„π°“√· ¥ß§«“¡§‘¥‡ÀÁπÕ¬à“ß‡ªìπÕ‘ √–

∫∑∫“∑ Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫ 3.1 °√√¡°“√µâÕß‡ªìπ∫ÿ§§≈∑’Ë¡’§«“¡´◊ËÕ —µ¬å ÿ®√‘µ ¡’®√‘¬∏√√¡„π°“√¥”‡π‘π∏ÿ√°‘® 3.2 °√√¡°“√µâ Õ ß¡’ § «“¡√Ÿâ † §«“¡ “¡“√∂†·≈–ª√– ∫°“√≥å ∑’Ë ® –‡ªì π ª√–‚¬™πå µà Õ °“√¥”‡π‘ π ∏ÿ √ °‘ ® ·≈–¡’ § «“¡ π„®„π°‘ ® °“√¢Õß∫√‘ …— ∑ Õ¬à “ ß·∑â ® √‘ ß 3.3 µâ Õ ß¡’ § «“¡√— ∫ º‘ ¥ ™Õ∫µà Õ ºŸâ ∂◊ Õ Àÿâ π Õ¬à “ ß ¡Ë” ‡ ¡Õ†·≈–¥”‡π‘ π ß“π‚¥¬√— ° …“º≈ª√–‚¬™πå ¢ ÕßºŸâ ∂◊ Õ Àÿâ π ∑ÿ ° √“¬Õ¬à “ ß‡∑à “ ‡∑’ ¬ ¡°— π 3.4 µâ Õ ß®— ¥ „Àâ ¡’ ° “√‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ µà Õ ºŸâ ∂◊ Õ Àÿâ π †ºŸâ ≈ ß∑ÿ π ·≈–ºŸâ ¡’ à « π‰¥â à « π‡ ’ ¬ ∑ÿ ° °≈ÿà ¡ Õ¬à “ ß∂Ÿ ° µâ Õ ß†§√∫∂â « π ¡’¡“µ√∞“π†‚ª√àß„ ·≈–∑—π‡«≈“ 3.5 µâ Õ ßªØ‘ ∫— µ‘ À πâ “ ∑’Ë „Àâ‡ªìπ‰ªµ“¡°ØÀ¡“¬†«—µ∂ÿª√– ß§å·≈–¢âÕ∫—ß§—∫¢Õß∫√‘…—∑†µ≈Õ¥®π¡µ‘∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ¥â«¬§«“¡´◊ËÕ —µ¬å ÿ®√‘µ ¡’®√‘¬∏√√¡·≈–√–¡—¥√–«—ß√—°…“º≈ª√–‚¬™πå¢Õß∫√‘…—∑ 3.6 §≥–°√√¡°“√¡’ À πâ “ ∑’Ë °”Àπ¥«‘ — ¬ ∑— » πå † °≈¬ÿ ∑ ∏å † π‚¬∫“¬·≈–∑‘ » ∑“ß°“√¥”‡π‘ π ß“π¢Õß∫√‘ …— ∑ ·≈– °“√§«∫§ÿ ¡ ¥Ÿ · ≈„Àâ ΩÉ “ ¬®— ¥ °“√¥”‡π‘ π ß“π„Àâ ‡ ªì π ‰ªµ“¡π‚¬∫“¬∑’Ë °”Àπ¥‰«â Õ ¬à “ ß¡’ ª √– ‘ ∑ ∏‘ ¿ “æ·≈– ª√– ‘∑∏‘º≈ ‡æ◊ËÕ‡æ‘Ë¡¡Ÿ≈§à“ Ÿß ÿ¥„Àâ·°à∫√‘…—∑·≈–ºŸâ∂◊ÕÀÿâπÕ¬à“ß¡—Ëπ§ß·≈–¬—Ëß¬◊π

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3.7 §≥–°√√¡°“√§«√µ‘ ¥ µ“¡º≈°“√¥”‡π‘ πß“π¢Õß∫√‘…—∑Õ¬à“ßµà Õ‡π◊Ë Õß·≈– ¡Ë”‡ ¡Õ 3.8 ®—¥„Àâ¡’√–∫∫§«∫§ÿ¡¿“¬„π·≈–°“√µ√«® Õ∫¿“¬„π∑’Ë¡’ª√– ‘∑∏‘¿“æ 3.9 ®— ¥ „Àâ ¡’ ° √–∫«π°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß∑’Ë ¡’ ª √– ‘ ∑ ∏‘ ¿ “æ·≈–¡’ ° “√µ‘ ¥ µ“¡º≈Õ¬à “ ß ¡Ë” ‡ ¡Õ 3.10 ®— ¥ „Àâ ¡’ · ≈–°”°— ∫ ¥Ÿ · ≈„Àâ ¡’ ° “√¥”‡π‘ π ß“πµ“¡À≈— ° °“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’ 3.11 ®— ¥ „Àâ ¡’ ‡ ≈¢“πÿ ° “√∫√‘ …— ∑ ‡æ◊Ë Õ ™à « ¬¥Ÿ · ≈°‘ ® °√√¡µà “ ßÊ†¢Õß§≥–°√√¡°“√·≈–™à « ¬„Àâ § ≥–°√√¡°“√·≈– ∫√‘ …— ∑ ªØ‘ ∫— µ‘ „ Àâ ‡ ªì π ‰ªµ“¡°ØÀ¡“¬·≈–¢â Õ °”Àπ¥∑’Ë ‡ °’Ë ¬ «¢â Õ ß 3.12 ®— ¥ „Àâ ¡’ √ –‡∫’ ¬ ∫®√√¬“∫√√≥∏ÿ √ °‘ ® ¢Õß°√√¡°“√†ºŸâ ∫ √‘ À “√·≈–æπ— ° ß“π†‡æ◊Ë Õ ‡ªì π ¡“µ√∞“π°“√ªØ‘ ∫— µ‘ ß “π ¿“¬„π∫√‘ …— ∑ 3.13 °√√¡°“√∑’Ë ‡ ªì π Õ‘ √–§«√„™â ¥ÿ ≈ ¬æ‘ π‘ ® Õ¬à “ ß‡ªì π Õ‘ √–„π°“√æ‘ ® “√≥“°”Àπ¥°≈¬ÿ ∑ ∏å † °“√∫√‘ À “√ß“π °“√„™â∑√—æ¬“°√†°“√·µàßµ—Èß°√√¡°“√·≈–°“√°”Àπ¥¡“µ√∞“π°“√¥”‡π‘π∏ÿ√°‘®†√«¡∑—Èßæ√âÕ¡∑’Ë®–§—¥§â“π °“√°√–∑”¢ÕßΩÉ “ ¬®— ¥ °“√À√◊ Õ °√√¡°“√Õ◊Ë π †„π°√≥’ ∑’Ë ¡’ § «“¡‡ÀÁ π ¢— ¥ ·¬â ß „π‡√◊Ë Õ ß∑’Ë ¡’ º ≈°√–∑∫µà Õ §«“¡ ‡∑à “ ‡∑’ ¬ ¡°— π ¢ÕßºŸâ ∂◊ Õ Àÿâ π ∑ÿ ° √“¬ 3.14 §≥–°√√¡°“√ “¡“√∂· «ßÀ“§«“¡‡ÀÁ π ∑“ß«‘ ™ “™’ æ ∑’Ë ‡ °’Ë ¬ «°— ∫ °“√¥”‡π‘ π ∏ÿ √ °‘ ® ¥â « ¬°“√«à “ ®â “ ß∑’Ë ª √÷ ° …“ ¿“¬πÕ°¥â « ¬§à “ „™â ®à “ ¬¢Õß∫√‘ …— ∑ 4.

°“√¥”√ßµ”·Àπàß°√√¡°“√ 4.1 °√√¡°“√§«√æ‘®“√≥“§«“¡‡À¡“– ¡¢Õß®”π«π∫√‘…—∑∑’Ë®–√—∫µ”·Àπàß‡ªìπ°√√¡°“√„π¢≥–π—ÈπÊ 4.2 °√√¡°“√§«√„Àâ § «“¡¡—Ë π „®‰¥â «à “ ¡’ ‡ «≈“‡æ’ ¬ ßæÕ„π°“√‡¢â “ √à « ¡ª√–™ÿ ¡ §≥–°√√¡°“√‡æ◊Ë Õ µ‘ ¥ µ“¡ º≈°“√¥”‡π‘ π ß“π¢Õß∫√‘ …— ∑ 4.3 °√√¡°“√ºŸâ ®— ¥ °“√„À≠à ® –¥”√ßµ”·Àπà ß π’È „ Àâ °— ∫ Àπ÷Ë ß ∫√‘ …— ∑ ®¥∑–‡∫’ ¬ π‡∑à “ π—È π ‡æ◊Ë Õ „Àâ ¡’ ‡ «≈“‡æ’ ¬ ßæÕ„π °“√°”°— ∫ ¥Ÿ · ≈°“√¥”‡π‘ π ∏ÿ √ °‘ ® ¢Õß∫√‘ …— ∑ „Àâ ∫ √√≈ÿ «— µ ∂ÿ ª √– ß§å ∑’Ë °”Àπ¥‰«â 4.4 °√√¡°“√‰¡à § «√√— ∫ ‡ªì π °√√¡°“√„Àâ °— ∫ ∫√‘ …— ∑ ∑’Ë °à Õ „Àâ ‡ °‘ ¥ §«“¡¢— ¥ ·¬â ß ∑“ßº≈ª√–‚¬™πå °— ∫ ∫√‘ …— ∑ ®¥∑–‡∫’ ¬ π ∑’Ë µ π¥”√ßµ”·Àπà ß ‡ªì π °√√¡°“√Õ¬Ÿà

°“√ª√–™ÿ ¡¢Õß§≥–°√√¡°“√ 5.1 ∫√‘…—∑®—¥„Àâ¡’°“√ª√–™ÿ¡§≥–°√√¡°“√Õ¬à“ß ¡Ë”‡ ¡Õ ‰µ√¡“ ≈– 1 §√—Èß‡ªìπÕ¬à“ßπâÕ¬ 5.2 °”Àπ¥„Àâ¡’°√√¡°“√‡¢â“√à«¡ª√–™ÿ¡§√∫Õß§åª√–™ÿ¡†‡¡◊ËÕ¡’°“√æ‘®“√≥“≈ß¡µ‘ „π‡√◊ËÕß ”§—≠Ê†‡™àπ†√“¬°“√ ‰¥â ¡ “À√◊ Õ ®”Àπà “ ¬∑√— æ ¬å ‘ π ¢Õß∫√‘ …— ∑ ·≈–∫√‘ …— ∑ ¬à Õ ¬∑’Ë ¡’ º ≈°√–∑∫ ”§— ≠ µà Õ ∫√‘ …— ∑ †°“√¢¬“¬‚§√ß°“√ ≈ß∑ÿπ†°“√°”Àπ¥√–¥—∫Õ”π“®∫√‘À“√ß“π†°“√°”Àπ¥π‚¬∫“¬∫√‘À“√°“√‡ß‘π·≈–°“√∫√‘À“√§«“¡‡ ’Ë¬ß†‡ªìπµâπ 5.3 „π∑’Ë ª √–™ÿ ¡ †À“°°√√¡°“√§π„¥‡ªì π ºŸâ ¡’ à « π‰¥â à « π‡ ’ ¬ „π«“√–∑’Ë æ‘ ® “√≥“†µâ Õ ßÕÕ°®“°∑’Ë ª √–™ÿ ¡ °à Õ π‡√‘Ë ¡ °“√æ‘ ® “√≥“‡√◊Ë Õ ß„π«“√–π—È π Ê 5.4 ®— ¥ „Àâ ¡’ ° “√ à ß Àπ— ß ◊ Õ ‡™‘ ≠ ª√–™ÿ ¡ †«“√–°“√ª√–™ÿ ¡ ·≈–‡Õ° “√ª√–°Õ∫°“√ª√–™ÿ ¡ „Àâ ° √√¡°“√≈à « ßÀπâ “ Õ¬à“ß‡À¡“– ¡·≈–‡ªìπ‰ªµ“¡∑’Ë°”Àπ¥‰«â „π¢âÕ∫—ß§—∫¢Õß∫√‘…—∑ ‡æ◊ËÕ„Àâ¡’‡«≈“æ‘®“√≥“¢âÕ¡Ÿ≈Õ¬à“ß‡æ’¬ßæÕ

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5.5 °√√¡°“√∑ÿ ° §π¡’ ‘ ∑ ∏‘ ∑’Ë ® –µ√«® Õ∫‡Õ° “√ª√–°Õ∫°“√ª√–™ÿ ¡ ·≈–‡Õ° “√ ”§— ≠ Õ◊Ë π Ê†À“°¡’ ¢â Õ ß — ¬ °√√¡°“√Õ◊Ë π ·≈–ΩÉ “ ¬®— ¥ °“√µâ Õ ß¥”‡π‘ π °“√‡æ◊Ë Õ µÕ∫¢â Õ ß — ¬ π—È π 5.6 ‡≈¢“πÿ ° “√∫√‘ …— ∑ À√◊ Õ ºŸâ ‰ ¥â √— ∫ ¡Õ∫À¡“¬µâ Õ ß®— ¥ ∑”√“¬ß“π°“√ª√–™ÿ ¡ §≥–°√√¡°“√„Àâ § √∫∂â « π ¡∫Ÿ √ ≥å ¿“¬„π‡«≈“∑’Ë°ØÀ¡“¬°”Àπ¥‰«â 6.

°“√·µà ß µ—È ß §≥–Õπÿ°√√¡°“√ §≥–°√√¡°“√∫√‘ …— ∑ ®–·µà ß µ—È ß §≥–Õπÿ ° √√¡°“√™ÿ ¥ µà “ ßÊ†µ“¡∑’Ë æ‘ ® “√≥“«à “ ®”‡ªì π ·≈–‡À¡“– ¡‡æ◊Ë Õ °”°— ∫ ¥Ÿ·≈ß“π∑’ËµâÕß°“√§«“¡‡™’Ë¬«™“≠‡©æ“–¥â“π·≈–°≈—Ëπ°√Õßß“π‡À≈à“π—Èπ·∑πÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ†√«¡∑—Èß°”Àπ¥ „Àâ § ≥–Õπÿ ° √√¡°“√µâ Õ ß√“¬ß“πº≈°“√ªØ‘ ∫— µ‘ ß “πµà Õ §≥–°√√¡°“√∫√‘ …— ∑ ¿“¬„π‡«≈“∑’Ë °”Àπ¥‰«â ‡ ªì π ª√–®” ´÷Ë ß §≥–Õπÿ ° √√¡°“√·µà ≈ –§≥–¡’ « “√–°“√¥”√ßµ”·Àπà ß §√“«≈–†3†ªï † Õ¬à “ ß‰√°Á µ “¡†«“√–°“√¥”√ßµ”·Àπà ß ¢ÕßÕπÿ ° √√¡°“√·µà ≈ –§ππ—È π ®–Õ¬Ÿà „ πµ”·Àπà ß ‰¥â ‡ æ’ ¬ ß‡∑à “ «“√–∑’Ë ¬— ß ‡À≈◊ Õ Õ¬Ÿà ¢ Õß°“√¥”√ßµ”·Àπà ß °√√¡°“√ ∫√‘…—∑ ‰¥â·°à 6.1 §≥–°√√¡°“√µ√«® Õ∫†ª√–°Õ∫¥â«¬°√√¡°“√Õ‘ √–†3†§π·≈–Õ¬à“ßπâÕ¬†1†§πµâÕß‡ªìπºŸâ∑’Ë¡’§«“¡√Ÿâ¥â“π °“√∫— ≠ ™’ À √◊ Õ °“√‡ß‘ π †∑”Àπâ “ ∑’Ë Õ∫∑“π„Àâ ∫ √‘ …— ∑ ¡’ ° “√√“¬ß“π∑“ß°“√‡ß‘ π Õ¬à “ ß∂Ÿ ° µâ Õ ß·≈–‡ªî ¥ ‡º¬ Õ¬à “ ß‡æ’ ¬ ßæÕ†¡’ √ –∫∫§«∫§ÿ ¡ ¿“¬„π·≈–°“√µ√«® Õ∫¿“¬„π∑’Ë ¡’ § «“¡‡À¡“– ¡·≈–¡’ ª √– ‘ ∑ ∏‘ ¿ “æ ¡’ ° “√ªØ‘ ∫— µ‘ „ Àâ ‡ ªì π ‰ªµ“¡¢â Õ °”Àπ¥·≈–°ØÀ¡“¬∑’Ë ‡ °’Ë ¬ «¢â Õ ß†¡’ ° “√‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ „π°√≥’ ∑’Ë ‡ °‘ ¥ √“¬°“√ ∑’Ë ‡ °’Ë ¬ «‚¬ß°— π À√◊ Õ √“¬°“√∑’Ë Õ “®°à Õ „Àâ ‡ °‘ ¥ §«“¡¢— ¥ ·¬â ß ∑“ßº≈ª√–‚¬™πå „ Àâ ∂Ÿ ° µâ Õ ß·≈–§√∫∂â « π†√«¡∑—È ß π— ∫ πÿ π ·≈– à ß ‡ √‘ ¡ „Àâ ∫ √‘ …— ∑ ¡’ ° √–∫«π°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’ · ≈–¡’ ° √–∫«π°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß Õ¬à“ß‡ªìπ√–∫∫¡“µ√∞“π·≈–¡’ª√– ‘∑∏‘¿“æ 6.2 §≥–°√√¡°“√°”Àπ¥§à“µÕ∫·∑π†ª√–°Õ∫¥â«¬°√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√Õ¬à“ßπâÕ¬†2†§π·≈–°√√¡°“√Õ‘ √– 1†§π†∑”Àπâ“∑’Ë‡ πÕπ‚¬∫“¬°“√æ‘®“√≥“§à“µÕ∫·∑π·≈–º≈ª√–‚¬™πåµÕ∫·∑πÕ◊ËπÊ†·°à°√√¡°“√∫√‘…—∑ ·≈–ºŸâ ∫ √‘ À “√†√«¡∑—È ß À“·π«∑“ß·≈–«‘ ∏’ ° “√®à “ ¬§à “ µÕ∫·∑π†æ‘ ® “√≥“∑∫∑«π‚§√ß √â “ ß·≈–√–∫∫°“√®à “ ¬ ·≈–Õ— µ √“§à “ µÕ∫·∑π„Àâ Õ¥§≈â Õ ß°— ∫ ¿“«–µ≈“¥†≥†ªí ® ®ÿ ∫— π ·≈–‡À¡“– ¡°— ∫ º≈°“√¥”‡π‘ π ß“π¢Õß ∫√‘ …— ∑ †‡æ◊Ë Õ „Àâ “¡“√∂√— ° …“§π¥’ ∑’Ë ¡’ § «“¡ “¡“√∂„Àâ § ßÕ¬Ÿà °— ∫ ∫√‘ …— ∑ ‰«â ‰ ¥â † √«¡∑—È ß ‡ªì π ·√ß®Ÿ ß „® ”§— ≠ ∑’Ë ® – ∑”„Àâ ° √√¡°“√·≈–ºŸâ ∫ √‘ À “√∑ÿ ° §πªØ‘ ∫— µ‘ À πâ “ ∑’Ë „ π°“√∫√‘ À “√·≈–æ— ≤ π“∫√‘ …— ∑ „Àâ ‡ ®√‘ ≠ °â “ «Àπâ “ µà Õ ‰ª‰¥â Õ¬à “ ß¡—Ë π §ß 6.3 §≥–°√√¡°“√ √√À“†ª√–°Õ∫¥â«¬°√√¡°“√∑’Ë ‰ ¡à ‡ ªì π ºŸâ ∫ √‘ À “√Õ¬à “ ßπâ Õ ¬†2†§π·≈–°√√¡°“√Õ‘ √–†1†§π ∑”Àπâ “ ∑’Ë ‡ πÕπ‚¬∫“¬°“√ √√À“°√√¡°“√·≈–ºŸâ ∫ √‘ À “√√–¥— ∫ Ÿ ß † √√À“†§— ¥ ‡≈◊ Õ °·≈–‡ πÕ∫ÿ § §≈∑’Ë ∑ √ß §ÿ ≥ «ÿ ≤‘ † ¡’ §ÿ ≥ ∏√√¡†®√‘ ¬ ∏√√¡·≈–§ÿ ≥ ¡∫— µ‘ ‡ À¡“– ¡∑’Ë ¡§«√‰¥â √— ∫ °“√·µà ß µ—È ß ‡ªì π °√√¡°“√·≈– À√◊ Õ ºŸâ ∫ √‘ À “√·≈â « ·µà ° √≥’ † ∑∫∑«π√–∫∫ª√–‡¡‘ π º≈°“√ªØ‘ ∫— µ‘ ß “π¢Õß°√√¡°“√·≈–ºŸâ ∫ √‘ À “√†¥Ÿ · ≈„Àâ ¡’ ·ºπ ◊ ∫ ·∑πµ”·Àπà ß ∑’Ë ‡ ©æ“–‡®“–®ß¢ÕßºŸâ ∫ √‘ À “√√–¥— ∫ Ÿ ß ·≈–¡’ √ “¬™◊Ë Õ ºŸâ ∑’Ë ¡’ §ÿ ≥ ¡∫— µ‘ µ “¡‡°≥±å ∑’Ë ® –‰¥â √— ∫ °“√æ‘ ® “√≥“√«¡∑—È ß ¡’ ° “√∑∫∑«π„Àâ ‡ À¡“– ¡·≈–‡ªì π ªí ® ®ÿ ∫— π

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6.4 §≥–°√√¡°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß†∫√‘ …— ∑ ®–°”Àπ¥„Àâ ¡’ ‚ §√ß √â “ ß·≈–§≥–°√√¡°“√∑’Ë ® –∑”Àπâ “ ∑’Ë æ‘ ® “√≥“ °”Àπ¥π‚¬∫“¬·≈–√–∫∫°“√∫√‘À“√§«“¡‡ ’Ë¬ß†µ‘¥µ“¡º≈°“√¥”‡π‘π°“√∫√‘À“√§«“¡‡ ’Ë¬ßµ—Èß·µà°√–∫«π °“√∫à ß ™’È † «‘ ‡ §√“–Àå † ª√–‡¡‘ π †®— ¥ °“√†µ‘ ¥ µ“¡·≈–°“√√“¬ß“πÕ¬à “ ß‡ªì π √–∫∫†√«¡∑—È ß „Àâ ° “√ π— ∫ πÿ π ‚¥¬ ®— ¥ „Àâ ¡’ ° “√·π–π”°√–∫«π°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß·°à À πà « ¬ß“π¿“¬„πµà “ ßÊ†µ≈Õ¥®πµ‘ ¥ µ“¡„Àâ ¡’ ° “√ ªØ‘ ∫— µ‘ Õ ¬à “ ßµà Õ ‡π◊Ë Õ ß·≈– ¡Ë” ‡ ¡Õ∑—Ë « ∑—È ß ∫√‘ …— ∑

ë °“√‡ªî ¥ ‡º¬¢â Õ¡Ÿ≈·≈–§«“¡‚ª√àß„ §≥–°√√¡°“√„Àâ§«“¡ ”§—≠µàÕ°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈∑’Ë¡’§«“¡∂Ÿ°µâÕß†§√∫∂â«π†‚ª√àß„ †∑—Ë«∂÷ß·≈–∑—π‡«≈“∑—Èß¢âÕ¡Ÿ≈ ∑“ß°“√‡ß‘ π ·≈–∑’Ë ‰ ¡à „ ™à ° “√‡ß‘ π †‡æ◊Ë Õ „Àâ π— ° ≈ß∑ÿ π ·≈–ºŸâ ¡’ à « π‰¥â à « π‡ ’ ¬ ∑ÿ ° °≈ÿà ¡ ‰¥â ¡’ ¢â Õ ¡Ÿ ≈ ∑’Ë ‡ ™◊Ë Õ ∂◊ Õ ‰¥â · ≈–‡æ’ ¬ ßæÕª√–°Õ∫ °“√µ— ¥ ‘ π „®†®÷ ß ‰¥â ¡ Õ∫À¡“¬„Àâ ΩÉ “ ¬®— ¥ °“√°”Àπ¥ºŸâ √— ∫ º‘ ¥ ™Õ∫∑”Àπâ “ ∑’Ë „ π°“√µ‘ ¥ µà Õ ◊Ë Õ “√·≈–‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ „Àâ ∫ √√≈ÿ «— µ ∂ÿ ª √– ß§å ∑’Ë °”Àπ¥‰«â Õ ¬à “ ß¡’ ª √– ‘ ∑ ∏‘ ¿ “æ†√«¡∑—È ß °”°— ∫ ¥Ÿ · ≈„Àâ ΩÉ “ ¬®— ¥ °“√ª√— ∫ ª√ÿ ß «‘ ∏’ ° “√·≈–‡æ‘Ë ¡ ™à Õ ß∑“ß°“√µ‘ ¥ µà Õ ◊ËÕ “√¢âÕ¡Ÿ≈„Àâ¡’§«“¡À≈“°À≈“¬ ∑—π ¡—¬ ∑—π‡«≈“ ‡¢â“∂÷ß‰¥â√«¥‡√Á«

ë °“√ª√–™ÿ¡ ºŸâ ∂◊ ÕÀÿâ π §≥–°√√¡°“√®—¥„Àâ¡’°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ‡ªìπ°“√ª√–™ÿ¡ “¡—≠ª√–®”ªï†¿“¬„π†4†‡¥◊Õππ—∫·µà«—π ‘Èπ ÿ¥¢Õß√Õ∫ªï ∫—≠™’¢Õß∫√‘…—∑ ·≈–¡’π‚¬∫“¬Õ”π«¬§«“¡ –¥«°·°àºŸâ∂◊ÕÀÿâπ∑ÿ°§πÕ¬à“ß‡∑à“‡∑’¬¡°—π„π°“√‡¢â“√à«¡ª√–™ÿ¡†‚¥¬°“√°”Àπ¥ «— π †‡«≈“†·≈– ∂“π∑’Ë ®— ¥ °“√ª√–™ÿ ¡ Õ¬à “ ß‡À¡“– ¡°“√‰¥â √— ∫ ¢â Õ ¡Ÿ ≈ ¢à “ « “√µà “ ßÊ†°“√‡ªî ¥ ‚Õ°“ „Àâ ´— ° ∂“¡¢â Õ ß — ¬ ·≈–„™â ‘∑∏‘ÏÕÕ°‡ ’¬ß≈ß§–·ππ‰¥âÕ¬à“ß‡µÁ¡∑’Ë†πÕ°®“°π’È¬—ß®—¥„Àâ¡’°“√ àßÀπ—ß ◊Õ‡™‘≠ª√–™ÿ¡ «“√–°“√ª√–™ÿ¡·≈–‡Õ° “√ª√–°Õ∫°“√ ª√–™ÿ ¡ „Àâ °— ∫ ºŸâ ∂◊ Õ Àÿâ π ≈à « ßÀπâ “ Õ¬à “ ß‡À¡“– ¡·≈–‡ªì π ‰ªµ“¡∑’Ë °”Àπ¥‰«â „ π¢â Õ ∫— ß §— ∫ ¢Õß∫√‘ …— ∑ †‡æ◊Ë Õ „Àâ ¡’ ‡ «≈“æ‘ ® “√≥“¢â Õ ¡Ÿ ≈ Õ¬à“ß‡æ’¬ßæÕ √«¡∑—Èß®—¥„Àâ¡’°“√®—¥∑”√“¬ß“π°“√ª√–™ÿ¡„Àâ§√∫∂â«π ¡∫Ÿ√≥å¿“¬„π‡«≈“∑’Ë°ØÀ¡“¬°”Àπ¥‰«â

ë °“√§«∫§ÿ ¡¿“¬„π §≥–°√√¡°“√„Àâ § «“¡ ”§— ≠ µà Õ °“√¡’ √ –∫∫§«∫§ÿ ¡ ¿“¬„π·≈–°“√µ√«® Õ∫¿“¬„π∑’Ë ¡’ ª √– ‘ ∑ ∏‘ ¿ “æ†¥â « ¬°“√ ®— ¥ „Àâ ¡’ √ –∫∫§«∫§ÿ ¡ ¿“¬„π∑’Ë ¡’ ª √– ‘ ∑ ∏‘ ¿ “æ·≈–‡æ’ ¬ ßæÕ†‚¥¬¬— ß §ß‰«â ´÷Ë ß §«“¡§≈à Õ ßµ— « „π°“√ªØ‘ ∫— µ‘ ß “π†´÷Ë ß §√Õ∫§≈ÿ ¡ °“√ ªØ‘ ∫— µ‘ ß “π∑ÿ ° ¥â “ π∑—È ß ¥â “ π°“√ªØ‘ ∫— µ‘ ß “π†¥â “ π°“√‡ß‘ π †·≈–°“√ªØ‘ ∫— µ‘ „ Àâ ‡ ªì π ‰ªµ“¡¢â Õ °”Àπ¥°ØÀ¡“¬∑’Ë ‡ °’Ë ¬ «¢â Õ ß†·≈–®— ¥ „Àâ ¡’ ”π— ° µ√«® Õ∫¿“¬„π‡ªì π Àπà «¬ß“πÕ‘ √–¡’ “¬°“√∫—ß§—∫∫—≠™“¢÷Èπµ√ßµàÕ§≥–°√√¡°“√µ√«® Õ∫†∑”Àπâ“∑’Ëµ√«® Õ∫ ¿“¬„π·≈–„Àâ § «“¡‡ÀÁ π ‡°’Ë ¬ «°— ∫ √–∫∫§«∫§ÿ ¡ ¿“¬„π„π∑ÿ ° Ê†√–∫∫ß“π†‡æ◊Ë Õ „Àâ § «“¡¡—Ë π „®Õ¬à “ ß ¡‡Àµÿ ¡º≈«à “ √–∫∫ §«∫§ÿ ¡ ¿“¬„π∑’Ë ¡’ Õ ¬Ÿà † ¬— ß ¡’ ª √– ‘ ∑ ∏‘ ¿ “æ‡æ’ ¬ ßæÕ·≈–æπ— ° ß“π∑ÿ ° √–¥— ∫ ·≈–∑ÿ ° §π‰¥â ª Ø‘ ∫— µ‘ µ “¡Õ¬à “ ßµà Õ ‡π◊Ë Õ ß ¡Ë” ‡ ¡Õ √«¡∑—È ß °”°— ∫ ¥Ÿ · ≈„Àâ ”π— ° µ√«® Õ∫¿“¬„π√— ° …“·≈–§ß‰«â ´÷Ë ß §«“¡‡ªì π Õ‘ √–†‚¥¬¡’ § ≥–°√√¡°“√µ√«® Õ∫°”°— ∫ ¥Ÿ · ≈„Àâ ¡’ ° “√ªØ‘ ∫— µ‘ ß “πµ√«® Õ∫¿“¬„πµ“¡¡“µ√∞“πÕ¬à “ ß¡’ ª √– ‘ ∑ ∏‘ ¿ “æ†πÕ°®“°π’È § ≥–°√√¡°“√¬— ß ‰¥â °”°— ∫ ¥Ÿ · ≈·≈– à ß ‡ √‘ ¡ „Àâ ΩÉ “ ¬®— ¥ °“√µ√–Àπ— ° ∂÷ ß §«“¡ ”§— ≠ ¢Õß√–∫∫§«∫§ÿ ¡ ¿“¬„π·≈–°“√¡’ µ √«® Õ∫¿“¬„π†‚¥¬°”™— ∫ „Àâ ΩÉ “ ¬®— ¥ °“√ π— ∫ πÿ π ·≈– àß‡ √‘¡√–∫∫§«∫§ÿ¡¿“¬„π·≈–ª√—∫ª√ÿß„Àâ¡’§«“¡‡æ’¬ßæÕ·≈–‡À¡“– ¡Õ¬Ÿà‡ ¡Õ

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ë °“√∫√‘À “√§«“¡‡ ’Ë ¬ ß §≥–°√√¡°“√µ√–Àπ—°∂÷ß§«“¡ ”§—≠¢Õß°“√∫√‘À“√§«“¡‡ ’Ë¬ß·≈–‡ÀÁπ«à“°√–∫«π°“√¥—ß°≈à“«‡ªìπÕß§åª√–°Õ∫Àπ÷Ëß ∑’Ë ”§—≠∑’Ë ÿ¥¢Õß°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’†®÷ß®—¥„Àâ¡’°√–∫«π°“√∫√‘À“√§«“¡‡ ’Ë¬ß∑’Ë‡ªìπ√–∫∫¡“µ√∞“π·≈–¡’ª√– ‘∑∏‘¿“æ¢÷Èπ ‚¥¬¡Õ∫À¡“¬„Àâ ΩÉ “ ¬∫√‘ À “√°”Àπ¥π‚¬∫“¬†«— µ ∂ÿ ª √– ß§å † °≈¬ÿ ∑ ∏å „ π°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß·≈–√–¥— ∫ §«“¡‡ ’Ë ¬ ß∑’Ë ∫ √‘ …— ∑ ¬Õ¡√— ∫ ‰¥â † √«¡∑—È ß ™’È · ®ß‡√◊Ë Õ ß‡À≈à “ π’È „ Àâ ∑ÿ ° §π„πÕß§å ° √‰¥â √— ∫ ∑√“∫‡æ◊Ë Õ ®–‰¥â µ √–Àπ— ° ∂÷ ß §«“¡ ”§— ≠ ·≈–‡ªì π °“√ √â “ ß «— ≤ π∏√√¡„π°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß„Àâ ‡ °‘ ¥ „π∑ÿ ° √–¥— ∫ ¢Õß∫√‘ …— ∑ †„Àâ “¡“√∂π”‰ªªØ‘ ∫— µ‘ Õ ¬à “ ßµà Õ ‡π◊Ë Õ ß ¡Ë” ‡ ¡Õ†„Àâ ∑— π µà Õ ∂“π°“√≥å ∑’Ë ‡ ª≈’Ë ¬ π·ª≈ß‰ª‡æ◊Ë Õ „Àâ ‡ ªì π °“√ªØ‘ ∫— µ‘ ß “π∫πæ◊È π ∞“π¢Õß°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß†√«¡∑—È ß ¥Ÿ · ≈„Àâ ¡’ ° “√ °”Àπ¥«‘ ∏’ µ‘ ¥ µ“¡º≈°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß∑’Ë ‡ À¡“– ¡†‡π◊Ë Õ ß®“°‡ªì π ¢—È π µÕπ ÿ ¥ ∑â “ ¬∑’Ë ”§— ≠ ¡’ º ≈µà Õ §«“¡ ”‡√Á ® ¢Õß°“√ ∫√‘À “√§«“¡‡ ’Ë ¬ ß·≈–°”Àπ¥„ÀâµâÕß√“¬ß“πº≈µàÕ§≥–°√√¡°“√∫√‘…—∑‡ªìπª√–®”

ë ®√√¬“∫√√≥∏ÿ √ °‘ ® §≥–°√√¡°“√‰¥â Õ πÿ ¡— µ‘ √ –‡∫’ ¬ ∫«à “ ¥â « ¬®√√¬“∫√√≥¢Õß§≥–°√√¡°“√†ºŸâ ∫ √‘ À “√·≈–æπ— ° ß“π†‡æ◊Ë Õ à ß ‡ √‘ ¡ „Àâ æπ— ° ß“π∑ÿ ° √–¥— ∫ ¬÷ ¥ ∂◊ Õ ªØ‘ ∫— µ‘ Õ ¬à “ ß ¡Ë” ‡ ¡Õ‡ªì π ª°µ‘ «‘ — ¬ †´÷Ë ß æπ— ° ß“π∑ÿ ° §π∑ÿ ° √–¥— ∫ ‰¥â ≈ ßπ“¡√— ∫ ‡Õ° “√‡°’Ë ¬ «°— ∫ √–‡∫’ ¬ ∫ ¥— ß °≈à “ «·≈–¬◊ π ¬— π °“√ªØ‘ ∫— µ‘ µ “¡´÷Ë ß ∂◊ Õ ‡ªì π °√Õ∫¡“µ√∞“π°“√ªØ‘ ∫— µ‘ ß “π¢Õß∫√‘ …— ∑ †Õ’ ° ∑—È ß §≥–°√√¡°“√‰¥â ¡ Õ∫À¡“¬ „Àâ ¡’ ºŸâ √— ∫ º‘ ¥ ™Õ∫∑”Àπâ “ ∑’Ë µ‘ ¥ µ“¡º≈°“√ªØ‘ ∫— µ‘ Õ ¬à “ ßµà Õ ‡π◊Ë Õ ß·≈–ª√— ∫ ª√ÿ ß √–‡∫’ ¬ ∫¥— ß °≈à “ «„Àâ ‡ À¡“– ¡Õ¬Ÿà ‡ ¡Õ §≥–°√√¡°“√∫√‘ …— ∑ ¡’ § «“¡µ—È ß „®Õ¬à “ ß¬‘Ë ß ∑’Ë ® – √â “ ß°√–∫«π°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’ ∑’Ë ‡ ªì π ¡“µ√∞“π·≈–„Àâ °√–®“¬°“√ªØ‘ ∫— µ‘ ‰ ª Ÿà ∑ÿ ° √–¥— ∫ ∑ÿ ° §π∑—Ë « ∑—È ß ∫√‘ …— ∑ †‡æ◊Ë Õ „Àâ ‡ °‘ ¥ «— ≤ π∏√√¡°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’ Õ ¬à “ ß·∑â ® √‘ ß †®÷ ß ¢Õ„Àâ °√√¡°“√ ºŸâ∫√‘À“√·≈–æπ—°ß“π∑ÿ°§π¬÷¥∂◊ÕªØ‘∫—µ‘µ“¡π‚¬∫“¬©∫—∫π’È†µ—Èß·µà«—π∑’Ë†26†°ÿ¡¿“æ—π∏å†æ.».†2547†‡ªìπµâπ‰ª ª√–°“»†≥†«—π∑’Ë†25 °ÿ¡¿“æ—π∏å æ.». 2547

(π“¬«—π™—¬ ®‘√“∏‘«—≤πå) ª√–∏“π°√√¡°“√

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Corporate Governance Policy

The†Board†of†Directors†recognizes†that†principles†of†good†corporate†governance,†complying†with a†strict†code†of†conduct†and†all†applicable†laws†and†regulations,†are†essential†factors†in†maximizing long-term†shareholder's†wealth†and†maintaining†continuous†and†sustainable†growth†for†the†Company. It†has†established†a†written†Policy†of†Good†Corporate†Governance†to†establish†a†clear†set†of†standards and†has†distributed†the†document†to†all†levels†of†management†and†staff,†as†a†reference†for†the†promotion of†a†culture†of†good†corporate†governance†throughout†the†Company.†The†Board†requires†management†to supervise†and†regularly†monitor†compliance†with†the†Policy†and†ensure†its'†appropriate†implementation.

ë THE BOARD of DIRECTORS 1.

Composition 1.1 The†Board†of†Directors†consists†of†Executive†and†Non-Executive†Directors†as†representatives of†the†major†shareholders†(proportionate†to†their†holdings),†and†Independent†Directors. In†total,†this†shall†not†be†less†than†5†persons†although†the†Company†may†appoint†a greater number of directors in order to manage the business efficiently. 1.2 The†Chairman†of†the†Board†of†Directors†and†the†President†of†the†Company†are†separate positions,†which†are†not†held†by†the†same†person.†This†is†to†ensure†clarification†of†roles and the maintenance of an appropriate balance of power. Qualifications and Appointment Directors†are†appointed†by†the†Annual†Meeting†of†Shareholders†for†a†term†of†3†years. On†completion†of†their†appointment,†out-going†Directors†retain†the†right†to†be†re-elected. The†Nomination†Committee†is†responsible†for†the†selection†and†recruitment†of†suitable Directors†whose†qualifications†meet†the†criteria,†laid†out†in†the†article†of†association†of the†Company.†Candidates†are†required†to†possess†the†highest†moral†and†ethical†standards and capable of expressing independent opinions. Roles, Duties, Responsibilities and Accountabilities 3.1 Directors must conduct themselves with honesty and integrity, at all times. 3.2 Directors†must†be†competent,†knowledgeable†and†experienced†in†operating†businesses, and actively interested in the development of the Company. 3.3 Directors†are†accountable†to†all†shareholders†and†are†expected†to†maintain†their†interests equitably in running the Company. 3.4 Directors†must†provide†full†information†disclosure†to†Company†shareholders,†stakeholders and investors in a timely and transparent manner. 3.5 Directors†must†discharge†their†duties,†morally,†honestly†and†with†integrity,†and†comply with†all†applicable†laws,†regulations,†the†articles†of†association†of†the†Company†and all shareholders meeting resolutions, in good faith.

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3.6 The†Board†of†Directors†is†responsible†for†establishing†the†vision,†strategies,†policies, direction†and†governance†of†the†Company†and†the†effective†supervision†of†the†management to ensure goals are met and the maximization of shareholders'†value. 3.7 The†Board†of†Directors†must†regularly†and†continuously†monitor†and†supervise†the†performance of the Company. 3.8 The†Board†of†Directors†should†adequately†provide†for†internal†controls†and†monitor†the effective internal audit systems. 3.9 The†Board†of†Directors†is†responsible†for†effective†risk†management†system†implementation and supervision. 3.10 The†Board†of†Directors†must†use†the†principles†of†good†corporate†governance†in†supervising and monitoring the operations of the Company. 3.11 The†Board†of†Directors†is†required†to†appoint†a†company†secretary†to†administer†Directors activities†and†obligations†of†the†Company†in†full†compliance†with†all†relevant†laws†and related regulations. 3.12 The†Board†of†Directors†must†establish†and†adhere†to†the†code†of†conduct†of†the†Company and ensure full compliance by all management and staff. 3.13 Independent†Directors†are†expected†to†exercise†unbiased†judgement†in†matters†relating to†the†strategy,†management†of†the†Company†and†the†utilization†of†its'†assets,†and†the appointment†of†Directors.†They†are†also†required†to†ensure†the†equitable†protection†of all†shareholder†rights†and†to†note†any†disagreements†with†Company†decisions†in†the minutes of Board of Directors meetings. 3.14 The†Board†of†Directors†is†empowered†to†seek†external†expert†opinion,†as†may†be†required, on matters related to Company expenditure. Positioning 4.1 Directors†should†ensure†that†they†only†hold†positions†on†other†boards†of†an†appropriate number of listed companies, at any one time. 4.2 Directors†should†be†confident†that†they†have†adequate†available†time†to†attend†Board Meetings to effectively supervise and monitor the performance of the Company. 4.3 The†President†of†the†Company†is†not†permitted†to†hold†a†similar†position†in†any†other listed†company.†This†is†to†ensure†adequate†time†and†focus†for†the†appointee†to†exercise the required governance of the Company and the achievement of its' business goals. 4.4 Directors†should†avoid†positions†in†other†companies,†which†may†possibly†lead†to†any conflicts of interest with the Company.

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Board Meetings 5.1 Board of Directors Meeting should be arranged and held at least once a quarter. 5.2 All†Directors†are†required†to†attend†Board†meetings†where†decisions†are†to†be†made†on matters†considered†to†be†of†significance†for†a†listed†company.†These†include†:†the†acquisition and†disposal†of†Company†assets,†investments†in†new†projects†or†expansions,†new†policy implementation or major risk management issues. 5.3 Should†any†Director†has†interest†in†any†agenda†item,†that†Director†shall†absent†themselves from the meeting during discussion of that specific item. 5.4 Notices†and†supporting†documentation†for†Board†Meetings†are†to†be†distributed†to all†Directors†prior†to†any†meeting†in†accordance†with†the†time†schedule†stated†in†the articles of association of the Company. 5.5 All Directors have an undeniable right of access to all documentation relating to meetings of the Board of Directors. Management is obligated to explain any doubts expressed by Directors, quickly, clearly and fully. 5.6 Minutes of meetings of the Board of Directors are to be compiled by the Company Secretary, or representative, and studiously reviewed by Directors within the timeline stipulated by law. 6. Sub Committee Appointments The Board of Directors has established various sub-committees, which it has deemed necessary to ensure good corporate governance and efficiency of operations. These sub-committees report to the Board at its' regular meetings and members have a term of office of 3 years duration. However, each director in sub-committees shall be able to hold that position only equal a rest period term of holding the directorship in the Board of Directors. Such as : 6.1 Audit Committee. Comprises of 3 Independent Directors, at least one of whom is an expert in accounting or finance. The Audit Committee is responsible for: - Reviews of the Company's financial reports, ensuring the integrity, reliability and accuracy of all information, and full disclosure - Ensuring the effectiveness and appropriateness of internal controls and internal audit procedures - Compliance with applicable laws and regulations - Full disclosure of all transactions with related businesses that could lead to possible conflicts of interest - Supporting and promoting good corporate governance and risk management in a systematic, standardized and efficient manner.

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6.2 Remuneration Committee. Comprises of at least 2 Non-Executive and 1 Independent Director. The Remuneration Committee is responsible for: - Proposing policies on remuneration for Directors and Management of the Company - Providing guidelines for methods of payment - Maintaining the Company's remuneration structure in line with prevailing market conditions and the Company's performance as a reference for the Board and an incentive for Management to attain continuous business growth. 6.3 Nomination Committee. Comprises of at least 2 Non-Executive and 1 Independent Director. The Nomination Committee is responsible for: - Proposing nomination policies for the appointment of Directors and senior Management - The†selection†and†recruitment†of†candidates†who†possess†high†moral†standards†and honesty†and†who are qualified to be Directors or senior Management†of†the†Company. - Revision of performance evaluation systems. - The provision of an effective succession plan for high level executives positions within the Company and the identification of suitable candidates for development and promotion. 6.4 Risk†Management†Committee.†The Board†of†Directors†will†establish†a†structure†for†this committee, which will have the following responsibilities: - Establishing†suitable†and†appropriate†risk†management†policies,†their†systematic implementation and regular reviews. - Developing†practical†analytical†evaluation†methods†to†monitor†risk†management†effectively. - Regularly†supporting†and†promoting†a†concept†of†risk†management†utilization†throughout all divisions and departments of the Company.

ë DISCLOSURE and TRANSPARENCY The†Board†of†Directors†recognizes†the†importance†of†disclosing†all†financial†and†non-financial information†completely,†accurately,†transparently†and†in†a†timely†manner.†This†is†to†ensure†that†shareholders, stakeholders†and†investors†will†have†adequate†information†for†decision-making†and†confidence†in its'†integrity.†In†order†to†ensure†this†process,†the†Board†has†directed†management†to†assign†qualified personnel†to†be†responsible†for†internal†and†external†communications†via†a†wide†spectrum†of†channels.

ë SHAREHOLDER MEETINGS The†Board†of†Directors†arranges†the†General†Meeting†of†Shareholders†within†4†months†of†the end†of†the†financial†year†on†an†agreed†date,†time†and†location,†which†is†of†convenience†to†all†shareholders. In†order†to†facilitate†shareholder†needs,†notice†and†relevant†supporting†documentation†are†distributed†in advance†of†the†meeting†in†accordance†with†the†articles†of†association†of†the†Company.†After†each meeting,†full†minutes†are†prepared,†in†a†timely†fashion†and†sent†to†all†shareholders,†as†required†by†law.

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ë INTERNAL CONTROLS The†Board†of†Directors†has†established†adequate†and†efficient†internal†control†systems†to oversee†Company†operations†at†all†functional†levels,†but†still†maintain†good†level†of†flexibility†and†ensure compliance†with†all†laws†and†regulations.†The†Internal†Audit†department†ensures†the†efficiency†and effectiveness†of†the†internal†controls†and†is†an†independent†function,†reporting†directly†to†the†Audit Committee.†In†addition,†the†Internal†Audit†department†consults†on†internal†control†systems†in†all†areas of†the†Company's†operations†and†gives†advice†and†guidance†to†ensure†continuous†compliance†by†staff and†overall†system†effectiveness.†The†Board†of†Directors†has†entrusted†the†Audit†Committee†to†maintain its†independence†in†controlling†the†Internal†Audit†department,†to†the†highest†professional†standards, and†improving†the†efficiency†of†the†Company†through†the†active†involvement†of†all†management and staff.

ë RISK MANAGEMENT The†Board†of†Directors†views†the†incorporation†of†risk†management†strategies†in†the†Company's operations†as†a†most†important†element†of†good†corporate†governance.†Management†has†been†assigned to†establish†appropriate†policy†strategies,†which†prioritize†risk†assessments†and†communicates suitable†timely†responses†to†all†levels†of†the†Company.†Attention†has†also†been†given†to†the†monitoring functions of risk management to ensure that risk situations are correctly handled†and,†if†necessary, escalated to appropriate levels of action and regularly brought to the attention of the Board.

ë CODE of CONDUCT The†Board†of†Directors†has†approved†a†Code†of†Conduct†policy†that†applies†to†all†Directors, Management†and†Employees†of†the†Company†and†requires†consistent†compliance.†All†personnel†have signed†their†agreement†to†the†Code†and†have†received†copies†of†the†document†to†serve†as†their guideline†and†reference.†Furthermore,†the†Board†has†assigned†personnel†to†monitor†the†effectiveness of the Code in Company operations and advise on improvements, as necessary. The†Board†of†Directors†has†unanimously†determined†that†the†principles†of†good†corporate governance†will†be†the†standard†guidelines†for†all†operations†and†become†an†integral†part†of†the corporate†culture†of†the†Company.†To†facilitate†this†goal,†all†Directors,†Management†and†Employees have†been†instructed†to†fully†comply†with†this†policy,†effective 26th February 2004. Announcement dated 25th February 2004.

Vanchai Chirathivat Chairman

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√“¬ß“π°“√ªØ‘ ∫— µ‘ µ “¡À≈— ° °“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’

1. π‚¬∫“¬°“√°”°—∫¥Ÿ · ≈°‘ ® °“√ ∫√‘ …— ∑ ¡’ § «“¡‡™◊Ë Õ ¡—Ë π «à “ °“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’ ‡ ªì π ªí ® ®— ¬ ”§— ≠ ¬‘Ë ß „π°“√‡æ‘Ë ¡ ¡Ÿ ≈ §à “ ·≈–º≈µÕ∫·∑π Ÿ ß ÿ ¥ ·°à ºŸâ ∂◊ Õ Àÿâ π ¢Õß∫√‘ …— ∑ „π√–¬–¬“«·≈–∑”„Àâ ∫ √‘ …— ∑ ¡’ § «“¡¡—Ë π §ß·≈–æ— ≤ π“µà Õ ‰ª‰¥â Õ ¬à “ ßµà Õ ‡π◊Ë Õ ß·≈–¬—Ë ß ¬◊ π †®÷ ß ‰¥â °”Àπ¥ π‚¬∫“¬‡°’Ë ¬ «°— ∫ °“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√‡ªì π ≈“¬≈— ° …≥å Õ— ° …√µ“¡∑’Ë ª √“°Ø„πÀπâ “ ∑’Ë † 98†∂÷ ß †102†‚¥¬§≥–°√√¡°“√ Õπÿ¡—µ‘·≈–ª√–°“»„™â‡¡◊ËÕ«—π∑’Ë†25†°ÿ¡¿“æ—π∏å†2547†‡æ◊ËÕ¬°√–¥—∫°“√ªØ‘∫—µ‘∑’Ë¡’Õ¬Ÿà·≈â«„Àâ¡’§«“¡‡ªìπ¡“µ√∞“π™—¥‡®π Õ— π ®–‡ªì π °“√‡ √‘ ¡ √â “ ß„Àâ ‡ °‘ ¥ «— ≤ π∏√√¡°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑—Ë « ∑—È ß Õß§å ° √Õ¬à “ ß‡ªì π √Ÿ ª ∏√√¡†´÷Ë ß π‚¬∫“¬¥— ß °≈à “ « ‰¥â ° ≈à “ «∂÷ ß ·π«∑“ß·≈–¡“µ√∞“π°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ”§— ≠ §√Õ∫§≈ÿ ¡ À≈— ° °“√¥— ß π’È ë ë ë ë ë

‘∑∏‘·≈–§«“¡‡∑à“‡∑’¬¡°—π¢ÕßºŸâ∂◊ÕÀÿâπ·≈–∫∑∫“∑µàÕºŸâ¡’ à«π‰¥â à«π‡ ’¬ §≥–°√√¡°“√: ‚§√ß √â“ß†∫∑∫“∑ Àπâ“∑’Ë §«“¡√—∫º‘¥™Õ∫·≈–§«“¡‡ªìπÕ‘ √– °“√‡ªî¥‡º¬¢âÕ¡Ÿ≈·≈–§«“¡‚ª√àß„ °“√§«∫§ÿ¡¿“¬„π·≈–°“√∫√‘À“√§«“¡‡ ’Ë¬ß ®√√¬“∫√√≥∑“ß∏ÿ√°‘®

∫√‘ …— ∑ ¡ÿà ß ¡—Ë π ∑’Ë ® – à ß ‡ √‘ ¡ ·≈–æ— ≤ π“°√–∫«π°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’ „ Àâ ‡ °‘ ¥ ¢÷È π „πÕß§å ° √†Õ¬à “ ß·∑â ® √‘ ß †‡æ◊Ë Õ ‡ªì π °“√ √â “ ß«— ≤ π∏√√¡∑’Ë ¥’ „ πÕß§å ° √†®÷ ß ‰¥â °”Àπ¥·π«∑“ßªØ‘ ∫— µ‘ „Àâ¡’°“√ ◊ËÕ “√·≈–‡º¬·æ√àºà“π ◊ËÕµà“ßÊ†¿“¬„πÕß§å°√ Õ¬à “ ßµà Õ ‡π◊Ë Õ ß†®— ¥ Õ∫√¡‡√◊Ë Õ ß°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’ „ Àâ · °à § ≥–ºŸâ ∫ √‘ À “√·≈–æπ— ° ß“π∑ÿ ° §π‡æ◊Ë Õ °√–µÿâ π ·≈–º≈— ° ¥— π „Àâ ¬÷ ¥ ªØ‘ ∫— µ‘ Õ ¬à “ ß®√‘ ß ®— ß ¡Ë” ‡ ¡Õ†®— ¥ „Àâ ¡’ ° “√µ‘ ¥ µ“¡ª√–‡¡‘ π º≈°“√ªØ‘ ∫— µ‘ µ “¡π‚¬∫“¬¥— ß °≈à “ «Õ¬à “ ßµà Õ ‡π◊Ë Õ ß·≈–„Àâ √“¬ß“πµà Õ §≥–°√√¡°“√æ√â Õ ¡§«“¡‡ÀÁ π „π·π«∑“ßªØ‘ ∫— µ‘ · ≈–¢â Õ ‡ πÕ·π–‡æ◊Ë Õ ª√— ∫ ª√ÿ ß µ“¡§«“¡‡À¡“– ¡√«¡∑—È ß „Àâ ¡’ ° “√‡º¬·æ√à µà Õ “∏“√≥™π·≈–ºŸâ ¡’ à « π‰¥â à « π‡ ’ ¬ ∑ÿ ° °≈ÿà ¡

2. ‘ ∑ ∏‘ · ≈–§«“¡‡∑à “ ‡∑’ ¬ ¡°— π ¢ÕßºŸâ ∂◊ ÕÀÿâ π „πªï † 2546†∫√‘ …— ∑ ¡’ ° “√ª√–™ÿ ¡ ºŸâ ∂◊ Õ Àÿâ π ∑—È ß À¡¥†2†§√—È ß †·∫à ß ‡ªì π °“√ª√–™ÿ ¡ “¡— ≠ ª√–®”ªï † 2546†®”π«π 1†§√—È ß ·≈–«‘ “¡— ≠ †1†§√—È ß †‚¥¬®— ¥ °“√ª√–™ÿ ¡ ∑’Ë ∫ √‘ …— ∑ †≥†Õ“§“√‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†(‡¥‘ ¡ ™◊Ë Õ †‡«‘ ≈ ¥å ‡ ∑√¥‡´Á π ‡µÕ√å ) ∫√‘ …— ∑ ‰¥â ®— ¥ à ß Àπ— ß ◊ Õ ‡™‘ ≠ ª√–™ÿ ¡ æ√â Õ ¡∑—È ß ¢â Õ ¡Ÿ ≈ ª√–°Õ∫°“√ª√–™ÿ ¡ ·µà ≈ –«“√–„Àâ ºŸâ ∂◊ Õ Àÿâ π ≈à « ßÀπâ “ ‚¥¬‡©≈’Ë ¬ †10†«— π °àÕπ«—πª√–™ÿ¡†„π·µà≈–«“√–¡’§«“¡‡ÀÁπ¢Õß§≥–°√√¡°“√ª√–°Õ∫†´÷Ëß∫√‘…—∑‰¥â‡æ‘Ë¡∑“ß‡≈◊Õ°„Àâ°—∫ºŸâ∂◊ÕÀÿâπ “¡“√∂¡Õ∫ Õ”π“®„Àâ ° √√¡°“√Õ‘ √–†1†„π†3†∑à “ π‡ªì π ºŸâ √— ∫ ¡Õ∫Õ”π“®„π°√≥’ ∑’Ë ºŸâ ∂◊ Õ Àÿâ π ‰¡à “¡“√∂‡¢â “ √à « ¡ª√–™ÿ ¡ ‰¥â † √«¡∑—È ß ‰¥â ‡æ‘Ë ¡ √“¬≈–‡Õ’ ¬ ¥¢â Õ ‡∑Á ® ®√‘ ß ·≈–‡Àµÿ º ≈¢Õß‡√◊Ë Õ ß‡æ◊Ë Õ æ‘ ® “√≥“ ∫√‘ …— ∑ ¡’ · π«∑“ß∑’Ë ® –¢¬“¬°”Àπ¥‡«≈“„π°“√®— ¥ à ß Àπ— ß ◊ Õ ‡™‘ ≠ ª√–™ÿ ¡ æ√â Õ ¡∑—È ß ¢â Õ ¡Ÿ ≈ ª√–°Õ∫°“√ª√–™ÿ ¡ µ“¡«“√–µà “ ßÊ†„Àâ ºŸâ ∂◊ Õ Àÿâ π ≈à « ßÀπâ “ ‰¡à πâ Õ ¬°«à “ †14†«— π °à Õ π«— π ª√–™ÿ ¡ †(‡¥‘ ¡ †‰¡à πâ Õ ¬°«à “ †7†«— π )†‡æ◊Ë Õ „Àâ ºŸâ ∂◊ Õ Àÿâ π ¡’ ‡ «≈“ ¡“°æÕ∑’Ë®–»÷°…“¢âÕ¡Ÿ≈°àÕπ°“√ª√–™ÿ¡†√«¡∑—Èß¢¬“¬‡«≈“°“√≈ß∑–‡∫’¬π°àÕπ‡¢â“ª√–™ÿ¡‡ªìπ†2†™—Ë«‚¡ß†(‡¥‘¡†1†™—Ë«‚¡ß)

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3. ‘ ∑ ∏‘ ¢ ÕßºŸâ ¡’ à « π‰¥â à « π‡ ’ ¬ ∫√‘ …— ∑ ‰¥â „ Àâ § «“¡ ”§— ≠ µà Õ ‘ ∑ ∏‘ ¢ ÕßºŸâ ¡’ à « π‰¥â à « π‡ ’ ¬ ∑ÿ ° °≈ÿà ¡ †¥— ß π’È ë æπ— ° ß“π†:†∫√‘ …— ∑ ‰¥â ª Ø‘ ∫— µ‘ °— ∫ æπ— ° ß“πÕ¬à “ ß‡∑à “ ‡∑’ ¬ ¡†‡ªì π ∏√√¡·≈–„Àâ º ≈µÕ∫·∑π∑’Ë ‡ À¡“– ¡†‚¥¬¡’ √ –‡∫’ ¬ ∫ ªØ‘ ∫— µ‘ „ π‡√◊Ë Õ ßµà “ ßÊ∑’Ë ‡ °’Ë ¬ «¢â Õ ß´÷Ë ß ‰¥â °”Àπ¥À≈— ° ‡°≥±å ‰«âÕ¬à“ß‡À¡“– ¡·≈–™—¥‡®π ë ‡®â“Àπ’È : ∫√‘…—∑ªØ‘∫—µ‘µ“¡‡ß◊ËÕπ‰¢°“√°Ÿâ¬◊¡‡ß‘πµ“¡¢âÕµ°≈ß ë ≈Ÿ ° §â “ †:†∫√‘ …— ∑ ‡Õ“„®„ à · ≈–√— ∫ º‘ ¥ ™Õ∫µà Õ ≈Ÿ ° §â “ †„Àâ ∫ √‘ ° “√∑’Ë ¡’ §ÿ ≥ ¿“æ·≈–¡“µ√∞“π†√— ° …“§«“¡≈— ∫ ¢Õß≈Ÿ ° §â “ ·≈–¡’ À πà « ¬ß“πÀ√◊ Õ ∫ÿ § §≈∑’Ë ∑”Àπâ “ ∑’Ë √— ∫ ¢â Õ √â Õ ß‡√’ ¬ π¢Õß≈Ÿ ° §â “ ·≈–‡√à ß ¥”‡π‘ π °“√„Àâ ‚ ¥¬‡√Á « ∑’Ë ÿ ¥ ë §Ÿà · ¢à ß †:†∫√‘ …— ∑ ª√–æƒµ‘ µ “¡°√Õ∫°µ‘ ° “°“√·¢à ß ¢— π ∑’Ë ¥’ † √— ° …“∫√√∑— ¥ ∞“π¢Õß¢â Õ æ÷ ß ªØ‘ ∫— µ‘ „ π°“√·¢à ß ¢— π À≈’ ° ‡≈’Ë ¬ ß«‘ ∏’ ° “√‰¡à ÿ ® √‘ µ ‡æ◊Ë Õ ∑”≈“¬§Ÿà · ¢à ß ë ™ÿ¡™π†:†∫√‘…—∑„Àâ°“√ π—∫ πÿπ·°à ‚§√ß°“√·≈–°‘®°√√¡∑’Ë‡ªìπª√–‚¬™πåµàÕ™ÿ¡™π·≈– —ß§¡‚¥¬√«¡‡æ‘Ë¡¡“°¢÷Èπ µ“¡√“¬≈–‡Õ’ ¬ ¥ª√“°Ø„πÀ— « ¢â Õ †ß“π®— ¥ °‘ ® °√√¡¢Õß∑ÿ ° »Ÿ π ¬å ° “√§â “ †Àπâ “ ∑’Ë † 38†·≈–À— « ¢â Õ †ß“πª√–™“ — ¡ æ— π ∏å · ≈– ≈Ÿ ° §â “ — ¡ æ— π ∏å † Àπâ “ ∑’Ë † 31

4. °“√ª√–™ÿ ¡ºŸâ ∂◊ ÕÀÿâ π °“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ„πªï†2546†¡’°√√¡°“√·≈–°√√¡°“√Õ‘ √–‡¢â“√à«¡∑ÿ°§√—Èß†´÷Ëßª√–∏“π„π∑’Ëª√–™ÿ¡‰¥â‡ªî¥‚Õ°“ „ÀâºŸâ∂◊ÕÀÿâπ¡’ ‘∑∏‘‡∑à“‡∑’¬¡°—π„π°“√µ√«® Õ∫°“√¥”‡π‘πß“π¢Õß∫√‘…—∑†‚¥¬®—¥ √√‡«≈“„ÀâÕ¬à“ß‡æ’¬ßæÕ·≈–‡À¡“– ¡ „π°“√ à ß ‡ √‘ ¡ „Àâ ¡’ ° “√ Õ∫∂“¡·≈–· ¥ß§«“¡§‘ ¥ ‡ÀÁ π ·≈–¢â Õ ‡ πÕ·π–µà “ ßÊ†√«¡∑—È ß ¡’ √ –∫∫°“√®— ¥ ‡°Á ∫ √“¬ß“π°“√ ª√–™ÿ ¡ ºŸâ ∂◊ Õ Àÿâ π ∑’Ë √— ¥ °ÿ ¡ ‡æ’ ¬ ßæÕ ∫√‘…—∑¡’·π«∑“ß∑’Ë®–ª√—∫ª√ÿß°“√®—¥∑”√“¬ß“π°“√ª√–™ÿ¡‚¥¬‡æ‘Ë¡√“¬™◊ËÕ°√√¡°“√∑’Ë‡¢â“√à«¡·≈–‰¡à‡¢â“√à«¡ª√–™ÿ¡ ·≈–¡’ “√– ”§—≠§√∫∂â«π™—¥‡®π†‡™àπ†¡’§”™’È·®ß†§”∂“¡†§«“¡§‘¥‡ÀÁπ∑’Ë¡’ “√– ”§—≠†«‘∏’°“√≈ß·≈–π—∫§–·ππ†¡’°“√ ∫—π∑÷°§–·ππ‡ ’¬ß·¬°‡ªìπ§–·ππ∑’Ë‡ÀÁπ¥â«¬†‰¡à‡ÀÁπ¥â«¬†À√◊Õß¥ÕÕ°‡ ’¬ß„π«“√–∑’ËµâÕß≈ß¡µ‘ ‚¥¬∂◊Õ‡Õ“§–·ππ‡ ’¬ß µ“¡®”π«π∑’Ë ° ØÀ¡“¬°”Àπ¥

5. ¿“«–ºŸâ π”·≈–«‘ — ¬ ∑— » πå §≥–°√√¡°“√¡’ à « π√à « ¡„π°“√°”Àπ¥·≈–„Àâ § «“¡‡ÀÁ π ™Õ∫«‘ — ¬ ∑— » πå † ¿“√°‘ ® †°≈¬ÿ ∑ ∏å † ‡ªÑ “ À¡“¬†·ºπ∏ÿ √ °‘ ® ·≈– ß∫ª√–¡“≥¢Õß∫√‘…—∑·≈–·∫àß·¬°∫∑∫“∑Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫√–À«à“ß§≥–°√√¡°“√†§≥–°√√¡°“√µ√«® Õ∫·≈– ΩÉ“¬∫√‘À“√Õ¬à“ß™—¥‡®π†µ≈Õ¥®π°”°—∫¥Ÿ·≈„Àâ§≥–°√√¡°“√∫√‘À“√¥”‡π‘π°“√„Àâ‡ªìπ‰ªµ“¡·ºπ∏ÿ√°‘®·≈–ß∫ª√–¡“≥ ∑’Ë °”Àπ¥‰«â Õ ¬à “ ß¡’ ª √– ‘ ∑ ∏‘ ¿ “æ·≈–ª√– ‘ ∑ ∏‘ º ≈ §≥–°√√¡°“√¡’ · π«∑“ß∑’Ë ® –µ‘ ¥ µ“¡º≈°“√¥”‡π‘ π °“√„π°√–∫«π°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ßÕ¬à “ ß ¡Ë” ‡ ¡Õ„π°“√ ª√–™ÿ¡§≥–°√√¡°“√

6. §«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå §≥–°√√¡°“√‰¥â ¥Ÿ · ≈Õ¬à “ ß√Õ∫§Õ∫‡¡◊Ë Õ ‡°‘ ¥ √“¬°“√∑’Ë Õ “®¡’ § «“¡¢— ¥ ·¬â ß ∑“ßº≈ª√–‚¬™πå † ‚¥¬°”Àπ¥π‚¬∫“¬ ·≈–¢—È π µÕπ°“√Õπÿ ¡— µ‘ √ “¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ß°— π √«¡∑—È ß °”Àπ¥π‚¬∫“¬·≈–«‘ ∏’ ° “√¥Ÿ · ≈‰¡à „ Àâ ºŸâ ∫ √‘ À “√·≈–ºŸâ ‡ °’Ë ¬ «¢â Õ ß π”¢â Õ ¡Ÿ ≈ ¿“¬„π¢Õß∫√‘ …— ∑ ‰ª„™â ‡ æ◊Ë Õ ª√–‚¬™πå à « πµπ†¥— ß π’È

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ë √“¬°“√∑’ËÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå†:†§≥–°√√¡°“√‰¥â∑√“∫∂÷ß√“¬°“√∑’Ë¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ·≈–√“¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ß°— π †·≈–‰¥â æ‘ ® “√≥“§«“¡‡À¡“– ¡Õ¬à “ ß√Õ∫§Õ∫∑ÿ ° §√—È ß †√«¡∑—È ß ¡’ ° “√ªØ‘ ∫— µ‘ µ “¡À≈— ° ‡°≥±å ¢Õßµ≈“¥À≈— ° ∑√— æ ¬å · Àà ß ª√–‡∑»‰∑¬·≈–‰¥â ‡ ªî ¥ ‡º¬√“¬≈–‡Õ’ ¬ ¥†¡Ÿ ≈ §à “ √“¬°“√†§Ÿà — ≠ ≠“†‡Àµÿ º ≈/§«“¡®”‡ªì π †‰«â „ π √“¬ß“πª√–®”ªï·≈–·∫∫ 56-1 ë °“√¥Ÿ·≈‡√◊ËÕß°“√„™â¢âÕ¡Ÿ≈¿“¬„π : - °”Àπ¥„Àâ ºŸâ ∫ √‘ À “√√“¬ß“π°“√‡ª≈’Ë ¬ π·ª≈ß°“√∂◊ Õ §√ÕßÀ≈— ° ∑√— æ ¬å µà Õ ”π— ° ß“π§≥–°√√¡°“√°”°— ∫ À≈— ° ∑√— æ ¬å · ≈–µ≈“¥À≈— ° ∑√— æ ¬å † ¿“¬„π†3†«— π ∑”°“√π— ∫ µ—È ß ·µà «— π ∑’Ë ¡’ ° “√‡ª≈’Ë ¬ π·ª≈ß°“√∂◊ Õ §√ÕßÀ≈— ° ∑√— æ ¬å - Àâ “ ¡°√√¡°“√·≈–ºŸâ ∫ √‘ À “√√«¡∂÷ ß æπ— ° ß“π∑’Ë ‰ ¥â √— ∫ ∑√“∫¢â Õ ¡Ÿ ≈ ¿“¬„π†∑”°“√´◊È Õ †¢“¬†‚ÕπÀ√◊ Õ √— ∫ ‚Õπ À≈—°∑√—æ¬å¢Õß∫√‘…—∑„π™à«ß 1 ‡¥◊Õπ°àÕπ·≈–À≈—ß«—π∑’Ëß∫°“√‡ß‘π‡º¬·æ√àµàÕ “∏“√≥™π

7. ®√√¬“∫√√≥∑“ß∏ÿ √ °‘ ® „πªï † 2546†∫√‘ …— ∑ ‰¥â ¥”‡π‘ π °“√„Àâ § ≥–°√√¡°“√†ºŸâ ∫ √‘ À “√·≈–æπ— ° ß“π∑ÿ ° §π≈ßπ“¡√— ∫ ·≈–√— ∫ ∑√“∫µ°≈ß ∑’Ë®–ªØ‘∫—µ‘µ“¡√–‡∫’¬∫«à“¥â«¬®√√¬“∫√√≥¢Õß§≥–°√√¡°“√ ºŸâ∫√‘À“√·≈–æπ—°ß“π ∫√‘ …— ∑ ¡’ · π«∑“ß∑’Ë ® –µ‘ ¥ µ“¡º≈°“√ªØ‘ ∫— µ‘ µ “¡√–‡∫’ ¬ ∫¥— ß °≈à “ «‡ªì π ª√–®”·≈–°”Àπ¥∫∑≈ß‚∑…∑“ß«‘ π— ¬ ‰«â ‡æ◊Ë Õ √â “ ß§«“¡¡—Ë π „®«à “ æπ— ° ß“π∑ÿ ° §π¬÷ ¥ ∂◊ Õ ªØ‘ ∫— µ‘ ‡ ªì π ª°µ‘ Õ ¬à “ ß®√‘ ß ®— ß

8. °“√∂à «ß¥ÿ ≈ ¢Õß°√√¡°“√∑’Ë ‰ ¡à ‡ ªì πºŸâ ∫ √‘ À “√ §≥–°√√¡°“√∫√‘…—∑¡’®”π«π†15†∑à“πª√–°Õ∫¥â«¬ °√√¡°“√∑’Ë ‡ ªì π ºŸâ ∫ √‘ À “√ 5 ∑à “ π °√√¡°“√∑’Ë ‰ ¡à ‰ ¥â ‡ ªì π ºŸâ ∫ √‘ À “√ 7 ∑à“π (‡ªìπµ—«·∑πºŸâ∂◊ÕÀÿâπ„À≠à) °√√¡°“√∑’Ë ‡ ªì π Õ‘ √– 3 ∑à “ π ¥— ß π—È π ∫√‘ …— ∑ ¡’ ° √√¡°“√∑’Ë ‡ ªì π Õ‘ √–∑—È ß À¡¥†3†∑à “ π†§‘ ¥ ‡ªì π √â Õ ¬≈–†20†¢Õß°√√¡°“√∑—È ß §≥–Õ¬à “ ß‰√°Á µ “¡ ∫√‘ …— ∑ ¡’ ° √√¡°“√®”π«πÀπ÷Ë ß ‡ªì π ‰ªµ“¡ — ¥ à « πÕ¬à “ ß¬ÿ µ‘ ∏ √√¡¢Õß‡ß‘ π ≈ß∑ÿ π ¢ÕßºŸâ ∂◊ Õ Àÿâ π „π∫√‘ …— ∑ †§‘ ¥ ‡ªì π √â Õ ¬≈–†73 ¢Õß°√√¡°“√∑—È ß §≥–†®÷ ß ¡—Ë π „®‰¥â «à “ °√√¡°“√¥— ß °≈à “ «¡’ ° “√ªØ‘ ∫— µ‘ À πâ “ ∑’Ë Õ ¬à “ ß‡µÁ ¡ ∑’Ë „ π∞“π–∑’Ë ‡ ªì π µ— « ·∑π¢ÕßºŸâ ∂◊ Õ Àÿâ π ·≈–¡’ ° “√∂à « ß¥ÿ ≈ °— π Õ¬à “ ß‡À¡“– ¡

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

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10. §à“µÕ∫·∑π¢Õß°√√¡°“√·≈–ºŸâ ∫ √‘ À “√ §à “ µÕ∫·∑π°√√¡°“√†:†∫√‘ …— ∑ ‰¥â °”Àπ¥π‚¬∫“¬§à “ µÕ∫·∑π°√√¡°“√„Àâ Õ ¬Ÿà „ π√–¥— ∫ ‡¥’ ¬ «°— π °— ∫ ∏ÿ √ °‘ ® ·≈– Ÿ ß ‡æ’ ¬ ßæÕ∑’Ë ® –¥÷ ß ¥Ÿ ¥ ·≈–√— ° …“°√√¡°“√∑’Ë ¡’ §ÿ ≥ ¡∫— µ‘ ∑’Ë µâ Õ ß°“√·≈–‰¥â ¢ ÕÕπÿ ¡— µ‘ ® “°∑’Ë ª √–™ÿ ¡ ºŸâ ∂◊ Õ Àÿâ π †°√√¡°“√ ∑’Ë ‰¥â √— ∫ ¡Õ∫À¡“¬Àπâ “ ∑’Ë · ≈–§«“¡√— ∫ º‘ ¥ ™Õ∫‡æ‘Ë ¡ ¡“°¢÷È π †®–‰¥â √— ∫ §à “ µÕ∫·∑π∑’Ë ‡ À¡“– ¡°— ∫ Àπâ “ ∑’Ë § «“¡√— ∫ º‘ ¥ ™Õ∫ ∑’Ë ‰¥â √— ∫ ¡Õ∫À¡“¬‡æ‘Ë ¡ ¡“°¢÷È π ¥â « ¬ §à “ µÕ∫·∑πºŸâ ∫ √‘ À “√†:†‰¥â °”Àπ¥„Àâ ‡ ªì π ‰ªµ“¡À≈— ° °“√·≈–π‚¬∫“¬∑’Ë § ≥–°√√¡°“√∫√‘ …— ∑ °”Àπ¥´÷Ë ß ‡™◊Ë Õ ¡‚¬ß °— ∫ º≈°“√¥”‡π‘ π ß“π¢Õß∫√‘ …— ∑ ·≈–º≈°“√¥”‡π‘ π ß“π¢ÕßºŸâ ∫ √‘ À “√·µà ≈ –∑à “ π ®”π«π§à“µÕ∫·∑π„πªï 2546 ¡’√“¬≈–‡Õ’¬¥µ“¡∑’Ëª√“°Ø„πÀπâ“∑’Ë 97

11. °“√ª√–™ÿ¡§≥–°√√¡°“√ §≥–°√√¡°“√∫√‘ …— ∑ ¡’ °”Àπ¥°“√ª√–™ÿ ¡ ‚¥¬ª°µ‘ Õ ¬à “ ßπâ Õ ¬‰µ√¡“ ≈–§√—È ß ·≈–¡’ ° “√ª√–™ÿ ¡ æ‘ ‡ »…‡æ‘Ë ¡ µ“¡ §«“¡®”‡ªì π ‚¥¬¡’ ° “√°”Àπ¥«“√–≈à « ßÀπâ “ ™— ¥ ‡®π·≈–¡’ « “√–æ‘ ® “√≥“µ‘ ¥ µ“¡º≈°“√¥”‡π‘ π ß“π‡ªì π ª√–®”†´÷Ë ß ‰¥â ¡’ °“√®— ¥ à ß Àπ— ß ◊ Õ ‡™‘ ≠ ª√–™ÿ ¡ æ√â Õ ¡√–‡∫’ ¬ ∫«“√–°“√ª√–™ÿ ¡ ·≈–‡Õ° “√ª√–°Õ∫≈à « ßÀπâ “ Õ¬à “ ßπâ Õ ¬†7†«— π †‡æ◊Ë Õ „Àâ §≥–°√√¡°“√¡’ ‡ «≈“»÷ ° …“¢â Õ ¡Ÿ ≈ ‡æ’ ¬ ßæÕ°à Õ π‡¢â “ √à « ¡ª√–™ÿ ¡ †‚¥¬ª°µ‘ ° “√ª√–™ÿ ¡ ®–„™â ‡ «≈“ª√–¡“≥†2†™—Ë « ‚¡ß†¡’ ° “√ ®— ¥ ∑”·≈–√— ∫ √Õß√“¬ß“π°“√ª√–™ÿ ¡ †¡’ √ –∫∫°“√®— ¥ ‡°Á ∫ ‡Õ° “√ª√–°Õ∫°“√ª√–™ÿ ¡ ·≈–√“¬ß“π°“√ª√–™ÿ ¡ ∑’Ë √— ¥ °ÿ ¡ ‡æ’ ¬ ßæÕ‡æ◊Ë Õ „™â „π°“√Õâ“ßÕ‘ß·≈–µ√«® Õ∫‰¥â „πªï†2546†§≥–°√√¡°“√¡’°“√ª√–™ÿ¡√«¡†6†§√—Èß†‚¥¬·∫àß‡ªìπ«“√–ª°µ‘®”π«π†4†§√—Èß·≈–«“√–æ‘‡»…†®”π«π 2 §√—Èß

12. §≥–Õπÿ °√√¡°“√ §≥–°√√¡°“√µ√«® Õ∫†‰¥â √— ∫ °“√·µà ß µ—È ß ®“°§≥–°√√¡°“√∫√‘ …— ∑ †‡¡◊Ë Õ «— π ∑’Ë † 9†°√°Æ“§¡†2545†ª√–°Õ∫¥â « ¬ °√√¡°“√∑’Ë ‡ ªì π Õ‘ √–†®”π«π†3†∑à “ π†·≈–¡’ ¢â Õ ∫— ß §— ∫ «à “ ¥â « ¬§≥–°√√¡°“√µ√«® Õ∫†°”Àπ¥Õ”π“®†Àπâ “ ∑’Ë · ≈–§«“¡ √— ∫ º‘ ¥ ™Õ∫‰«â „ Àâ Õ¥§≈â Õ ß°— ∫ ¢â Õ °”Àπ¥¢Õßµ≈“¥À≈— ° ∑√— æ ¬å · Àà ß ª√–‡∑»‰∑¬ ∫√‘ …— ∑ ¬— ß ‰¡à ¡’ § ≥–°√√¡°“√°”Àπ¥§à “ µÕ∫·∑π†·µà ¡’ ° √–∫«π°“√æ‘ ® “√≥“§à “ µÕ∫·∑π‡∫◊È Õ ßµâ π ∑’Ë ‡ À¡“– ¡ ‚¥¬„™â ¢â Õ ¡Ÿ ≈ §à “ µÕ∫·∑π¢Õß∫√‘ …— ∑ „π∏ÿ √ °‘ ® ‡¥’ ¬ «°— π ·≈–¡’ ¢ π“¥„°≈â ‡ §’ ¬ ß°— π †√«¡∑—È ß º≈ª√–°Õ∫°“√¢Õß∫√‘ …— ∑ ª√–°Õ∫°“√æ‘®“√≥“°”Àπ¥ ∫√‘ …— ∑ ¬— ß ‰¡à ¡’ § ≥–°√√¡°“√ √√À“†·µà ¡’ ° √–∫«π°“√ √√À“∫ÿ § ≈“°√·µà ≈ –√–¥— ∫ ∑’Ë ‡ À¡“– ¡‚¥¬§≥–°√√¡°“√ ·≈–§≥–ºŸâ ∫ √‘ À “√

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13. √–∫∫§«∫§ÿ¡¿“¬„π·≈–°“√µ√«® Õ∫¿“¬„π §≥–°√√¡°“√µ√–Àπ— ° ·≈–‡¢â “ „®‡ªì π Õ¬à “ ß¥’ «à “ †√–∫∫§«∫§ÿ ¡ ¿“¬„π†À¡“¬∂÷ ß †°√–∫«π°“√ªØ‘ ∫— µ‘ ß “π∑’Ë ∑ÿ ° §π „πÕß§å ° √µ—È ß ·µà § ≥–°√√¡°“√†ºŸâ ∫ √‘ À “√∑ÿ ° √–¥— ∫ ·≈–æπ— ° ß“π∑ÿ ° §π√à « ¡°— π °”Àπ¥¢÷È π ‡æ◊Ë Õ „Àâ § «“¡¡—Ë π „®Õ¬à “ ß ¡‡Àµÿ ¡º≈„π°“√∫√√≈ÿ«—µ∂ÿª√– ß§å∑—Èß¥â“π°“√¥”‡π‘πß“πÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ·≈–ª√– ‘∑∏‘º≈√«¡∂÷ß°“√„™â∑√—æ¬“°√µà“ßÊ Õ¬à“ß§ÿâ¡§à“†¥â“π√“¬ß“π∑“ß°“√‡ß‘π·≈–∑’Ë ‰ ¡à „™à∑“ß°“√‡ß‘π¢Õß∫√‘…—∑¡’§«“¡∂Ÿ°µâÕß‡™◊ËÕ∂◊Õ‰¥â·≈–∑—π‡«≈“†·≈–¥â“π°“√ ªØ‘∫—µ‘µ“¡°ØÀ¡“¬ ¢âÕ°”Àπ¥·≈–°Ø‡°≥±å∑’Ë‡°’Ë¬«¢âÕß∑—Èß¿“¬„π·≈–¿“¬πÕ° §≥–°√√¡°“√¡’ À πâ “ ∑’Ë √— ∫ º‘ ¥ ™Õ∫„π°“√®— ¥ „Àâ ¡’ √ –∫∫§«∫§ÿ ¡ ¿“¬„π∑’Ë ¡’ ª √– ‘ ∑ ∏‘ º ≈·≈–∫√‘ À “√§«“¡‡ ’Ë ¬ ß„Àâ Õ ¬Ÿà „π√–¥—∫∑’Ë¬Õ¡√—∫‰¥â ‚¥¬°“√°”Àπ¥π‚¬∫“¬‡°’Ë¬«°—∫√–∫∫§«∫§ÿ¡¿“¬„π·≈–°“√∫√‘À“√§«“¡‡ ’Ë¬ß†√«¡∑—Èß∑”°“√µ‘¥µ“¡ ª√–‡¡‘πº≈Õ¬à“ß ¡Ë”‡ ¡Õ«à“√–∫∫∑’Ë«“ß‰«â¬—ß§ß¥”‡π‘π‰ª‰¥âÕ¬à“ß¡’ª√– ‘∑∏‘º≈†ΩÉ“¬∫√‘À“√¡’Àπâ“∑’Ë√—∫º‘¥™Õ∫„π°“√π” π‚¬∫“¬∑’Ë § ≥–°√√¡°“√°”Àπ¥‰ªªØ‘ ∫— µ‘ „ Àâ ∫ √√≈ÿ «— µ ∂ÿ ª √– ß§å † à « πæπ— ° ß“π∑ÿ ° §π¡’ À πâ “ ∑’Ë √— ∫ º‘ ¥ ™Õ∫„π°“√ªØ‘ ∫— µ‘ „Àâ ‡ ªì π ‰ªµ“¡√–∫∫§«∫§ÿ ¡ ¿“¬„π∑’Ë ΩÉ “ ¬∫√‘ À “√«“ß‰«â ¬‘Ë ß ‰ª°«à “ π—È π †§≥–°√√¡°“√‰¥â ¡ Õ∫À¡“¬„Àâ § ≥–°√√¡°“√µ√«® Õ∫√— ∫ º‘ ¥ ™Õ∫ Õ∫∑“π§«“¡‡æ’ ¬ ßæÕ·≈– §«“¡¡’ ª √– ‘ ∑ ∏‘ ¿ “æ¢Õß√–∫∫§«∫§ÿ ¡ ¿“¬„π∑’Ë ΩÉ “ ¬∫√‘ À “√®— ¥ „Àâ ¡’ † ‡æ◊Ë Õ ≈¥§«“¡‡ ’Ë ¬ ß„π°“√¥”‡π‘ π ∏ÿ √ °‘ ® †ªÑ Õ ß°— π §ÿâ ¡ §√Õß∑√— æ ¬å ‘ π ¡‘ „ Àâ Ÿ ≠ À“¬À√◊ Õ √—Ë « ‰À≈„π∑“ß¡‘ ™ Õ∫†™à « ¬„Àâ √ “¬ß“π∑“ß°“√‡ß‘ π ¡’ § «“¡∂Ÿ ° µâ Õ ß‡™◊Ë Õ ∂◊ Õ ‰¥â · ≈– ™à « ¬„Àâ ∫ÿ § ≈“°√∑ÿ ° §πªØ‘ ∫— µ‘ µ “¡¢â Õ °”Àπ¥†°ØÀ¡“¬∑’Ë ‡ °’Ë ¬ «¢â Õ ß†·≈–¡’ ”π— ° µ√«® Õ∫¿“¬„π‡ªì π Àπà « ¬ß“πÕ‘ √– ¡’ “¬°“√∫— ß §— ∫ ∫— ≠ ™“¢÷È π µ√ßµà Õ §≥–°√√¡°“√µ√«® Õ∫†∑”Àπâ “ ∑’Ë Õ∫∑“π√–∫∫§«∫§ÿ ¡ ¿“¬„π‡æ◊Ë Õ „Àâ § «“¡¡—Ë π „® Õ¬à“ß ¡‡Àµÿ ¡º≈„π§«“¡‡æ’¬ßæÕ·≈–§«“¡¡’ª√– ‘∑∏‘¿“æ ∑—Èßπ’È √–∫∫§«∫§ÿ¡¿“¬„π∑’Ë¡’ª√– ‘∑∏‘º≈ µâÕß¡’Õß§åª√–°Õ∫ ”§—≠ 5 ª√–°“√ §◊Õ ë ¿“æ·«¥≈â Õ ¡¢Õß°“√§«∫§ÿ ¡ †‡ªì π √“°∞“π ”§— ≠ ‡°’Ë ¬ «°— ∫ °“√ √â “ ß®‘ µ ”π÷ ° ·≈–∫√√¬“°“»¢Õß°“√§«∫§ÿ ¡ ¿“¬„π†„Àâ ∫ÿ § ≈“°√∑ÿ ° §π‡¢â “ „®·≈–¡’ ®‘ µ ”π÷ ° ∑’Ë ¥’ „ π°“√§«∫§ÿ ¡ ·≈–°“√ªØ‘ ∫— µ‘ ß “πµ“¡§«“¡√— ∫ º‘ ¥ ™Õ∫†‚¥¬∫√‘ …— ∑ ¡’ √ –‡∫’ ¬ ∫«à “ ¥â « ¬®√√¬“∫√√≥¢Õß§≥–°√√¡°“√†ºŸâ ∫ √‘ À “√·≈–æπ— ° ß“π†¡’ ‚§√ß √â“ß°“√®—¥Õß§å°√·≈–°“√∫√‘À“√ß“π ·≈–∑√— æ ¬“°√¡πÿ … ¬å † ¡’ ° “√°”Àπ¥Õ”π“®·≈–§«“¡√— ∫ º‘ ¥ ™Õ∫†√«¡∑—È ß ¡’ π ‚¬∫“¬°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√·≈–·π«∑“ß ¥â “ π°√–∫«π°“√ªØ‘ ∫— µ‘ ß “π∑’Ë ™— ¥ ‡®π·≈–‡À¡“– ¡ ë °√–∫«π°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß†∫√‘ …— ∑ „Àâ § «“¡ ”§— ≠ °— ∫ °“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß·≈–¡’ · ºπ°“√ª√–‡¡‘ π §«“¡‡ ’Ë ¬ ßÕ¬à “ ßµà Õ ‡π◊Ë Õ ß¡“‚¥¬µ≈Õ¥†„πªï † 2546†∫√‘ …— ∑ ‰¥â ®— ¥ °“√ — ¡ ¡π“‡√◊Ë Õ ß°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß„Àâ °— ∫ √–¥— ∫ °√√¡°“√·≈–ºŸâ ∫ √‘ À “√√–¥— ∫ Ÿ ß ‡æ◊Ë Õ ªŸ æ◊È π ∞“π·≈–„Àâ µ √–Àπ— ° ∂÷ ß §«“¡ ”§— ≠ †´÷Ë ß ∫√‘ …— ∑ Õ¬Ÿà √ –À«à “ ßæ‘ ® “√≥“«à “ ®â “ ß ∫√‘ …— ∑ ∑’Ë ª √÷ ° …“¿“¬πÕ°‡æ◊Ë Õ ‡ªì π ∑’Ë ª √÷ ° …“·≈–„Àâ ∫ √‘ ° “√°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß√à « ¡°— ∫ §≥–°√√¡°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß ¢Õß∫√‘ …— ∑ ∑’Ë ¡’ · π«∑“ß®–®— ¥ µ—È ß ¢÷È π ‚¥¬‡√Á « †‡æ◊Ë Õ „Àâ ° √–∫«π°“√∫√‘ À “√§«“¡‡ ’Ë ¬ ß¢Õß∫√‘ …— ∑ ¡’ § «“¡‡ªì π √–∫∫¡“µ√∞“π ¡’ ª √– ‘ ∑ ∏‘ ¿ “æ·≈–™— ¥ ‡®π¬‘Ë ß ¢÷È π ë °‘ ® °√√¡°“√§«∫§ÿ ¡ †∫√‘ …— ∑ ‰¥â °”Àπ¥π‚¬∫“¬†√–‡∫’ ¬ ∫·≈–«‘ ∏’ ° “√ªØ‘ ∫— µ‘ ß “π†‡æ◊Ë Õ „Àâ ¡—Ë π „®«à “ ·π«∑“ß ∑’Ë ΩÉ “ ¬∫√‘ À “√«“ß‰«â ‡ æ◊Ë Õ ≈¥§«“¡‡ ’Ë ¬ ß·≈–‡æ◊Ë Õ „Àâ ∫ √‘ …— ∑ “¡“√∂∫√√≈ÿ ‡ ªÑ “ À¡“¬π—È π †‰¥â √— ∫ °“√¬Õ¡√— ∫ ·≈–ªØ‘ ∫— µ‘ µ “¡ ®“°∫ÿ§≈“°√∑ÿ°§π„π∫√‘…—∑†‡™àπ†√–‡∫’¬∫Õπÿ¡—µ‘®à“¬‡ß‘π†√–‡∫’¬∫ß∫ª√–¡“≥†√–‡∫’¬∫∫√‘À“√∑√—æ¬“°√¡πÿ…¬å†√–‡∫’¬∫ °“√®— ¥ ´◊È Õ ®— ¥ ®â “ ß†·≈–§Ÿà ¡◊ Õ °“√ªØ‘ ∫— µ‘ ß “π„π°√–∫«π°“√µà “ ßÊ†‡ªì π µâ π

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ë √–∫∫ “√ π‡∑»·≈–°“√ ◊Ë Õ “√¢â Õ ¡Ÿ ≈ †∫√‘ …— ∑ ®— ¥ „Àâ ¡’ “√ π‡∑»∑’Ë ¥’ † §◊ Õ †¡’ ‡ π◊È Õ À“∑’Ë ®”‡ªì π µà Õ °“√µ— ¥ ‘ π „® ∂Ÿ°µâÕß ¡∫Ÿ√≥å†‡ªìπªí®®ÿ∫—π†‡¢â“„®ßà“¬·≈– –¥«°µàÕ°“√‡¢â“∂÷ß†∑—Èß¢âÕ¡Ÿ≈∑’Ë‡ªìπ∑“ß°“√‡ß‘π·≈–∑’Ë ‰ ¡à „™à∑“ß°“√‡ß‘πµà“ßÊ „Àâ § «“¡ ”§— ≠ °— ∫ √–∫∫‡∑§‚π‚≈¬’ “√ π‡∑»·≈–°“√§«∫§ÿ ¡ √— ° …“§«“¡ª≈Õ¥¿— ¬ †√«¡∂÷ ß ®— ¥ „Àâ ¡’ ° √–∫«π°“√ ◊Ë Õ “√ ∑—Èß¿“¬„π·≈–¿“¬πÕ°∑’Ë¡’ª√– ‘∑∏‘¿“æ ∑—π‡«≈“†‡π◊ËÕß®“°‡ÀÁπ«à“‡ªìπ ‘Ëß®”‡ªìπÕ¬à“ß¬‘ËßµàÕ°“√ªØ‘∫—µ‘ß“π¢Õß∫ÿ§≈“°√ ∑ÿ ° §π·≈–∑ÿ ° √–¥— ∫ ë √–∫∫°“√µ‘¥µ“¡·≈–°“√ª√–‡¡‘πº≈ ∫√‘…—∑µâÕß°“√„Àâ‡°‘¥§«“¡¡—Ëπ„®«à“√–∫∫§«∫§ÿ¡¿“¬„π∑’Ë«“ß‰«â¡’ª√– ‘∑∏‘¿“æ ‰¥â √— ∫ °“√ªØ‘ ∫— µ‘ µ “¡Õ¬à “ ßµà Õ ‡π◊Ë Õ ß†‰¥â √— ∫ °“√ª√— ∫ ª√ÿ ß „Àâ ‡ À¡“– ¡·≈–∑— π ¡— ¬ µ“¡ ∂“π°“√≥å ∑’Ë ‡ ª≈’Ë ¬ π·ª≈ß‰ª √«¡∂÷ ß ¢â Õ ∫°æ√à Õ ß∑’Ë ¡’ Õ ¬Ÿà ‰ ¥â √— ∫ °“√·°â ‰ ¢Õ¬à “ ß∑— π ∑à « ß∑’ † ¥— ß π—È π ®÷ ß ‰¥â ®— ¥ „Àâ ¡’ ° √–∫«π°“√µ‘ ¥ µ“¡·≈–ª√–‡¡‘ π º≈∑’Ë ¡’ ª√– ‘∑∏‘¿“æ†™—¥‡®π·≈–‡æ’¬ßæÕ†∑—Èß‚¥¬ºŸâ∫√‘À“√√–¥—∫·ºπ°†ΩÉ“¬† “¬ß“π†§≥–°√√¡°“√™ÿ¥µà“ßÊ†·≈–®“°Àπà«¬ß“π Õ‘ √–¿“¬„π§◊Õ† ”π—°µ√«® Õ∫¿“¬„π†·≈–®“°Àπà«¬ß“πÕ‘ √–¿“¬πÕ°§◊ÕºŸâ Õ∫∫—≠™’†¬‘Ëß‰ª°«à“π—Èπ†∫√‘…—∑¡’·π«∑“ß ∑’Ë ® –π”·π«§‘ ¥ „π°“√§«∫§ÿ ¡ ¡— ¬ „À¡à ¡ “„™â „ π√–¥— ∫ §≥–°√√¡°“√°à Õ π†π—Ë π §◊ Õ †°“√ª√–‡¡‘ π µπ‡Õß‡æ◊Ë Õ °“√§«∫§ÿ ¡

14. √“¬ß“π¢Õß§≥–°√√¡°“√ §≥–°√√¡°“√∫√‘ …— ∑ ‡ªì π ºŸâ √— ∫ º‘ ¥ ™Õ∫µà Õ ß∫°“√‡ß‘ π √«¡¢Õß∫√‘ …— ∑ ·≈–∫√‘ …— ∑ ¬à Õ ¬†·≈– “√ π‡∑»∑“ß°“√‡ß‘ π ∑’Ëª√“°Ø„π√“¬ß“πª√–®”ªï†®÷ß‰¥â· ¥ß§«“¡√—∫º‘¥™Õ∫·≈–§«“¡‡ÀÁπ‰«â „π†√“¬ß“π§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√ µàÕ√“¬ß“π∑“ß°“√‡ß‘π†‚¥¬‰¥â√—∫°“√≈ßπ“¡®“°ª√–∏“π°√√¡°“√·≈–°√√¡°“√ºŸâ®—¥°“√„À≠à¢Õß∫√‘…—∑†µ“¡∑’Ëª√“°Ø „πÀπâ “ ∑’Ë † 26

15. §«“¡ — ¡ æ— π ∏å °— ∫ºŸâ ≈ ß∑ÿπ §≥–°√√¡°“√∫√‘ …— ∑ „Àâ § «“¡ ”§— ≠ µà Õ °“√‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ ∑’Ë ¡’ § «“¡∂Ÿ ° µâ Õ ß†§√∫∂â « π†‚ª√à ß „ †∑—Ë « ∂÷ ß ·≈–∑— π ‡«≈“ ∑—È ß ¢â Õ ¡Ÿ ≈ ∑“ß°“√‡ß‘ π ·≈–∑’Ë ‰ ¡à „ ™à ° “√‡ß‘ π †‡æ◊Ë Õ „Àâ π— ° ≈ß∑ÿ π ·≈–ºŸâ ¡’ à « π‰¥â à « π‡ ’ ¬ ∑ÿ ° °≈ÿà ¡ ‰¥â ¡’ ¢â Õ ¡Ÿ ≈ ∑’Ë ‡ ™◊Ë Õ ∂◊ Õ ‰¥â · ≈– ‡æ’ ¬ ßæÕª√–°Õ∫°“√µ— ¥ ‘ π „®†®÷ ß ‰¥â ¡ Õ∫À¡“¬„Àâ ºŸâ Õ”π«¬°“√ΩÉ “ ¬°“√‡ß‘ π † à « π°“√≈ß∑ÿ π †∑”Àπâ “ ∑’Ë µ‘ ¥ µà Õ ◊Ë Õ “√°— ∫ ºŸâ ≈ ß∑ÿ π ∂“∫— π †ºŸâ ∂◊ Õ Àÿâ π †√«¡∑—È ß π— ° «‘ ‡ §√“–Àå · ≈–¿“§√— ∞ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß†‡π◊Ë Õ ß®“°°‘ ® °√√¡„π‡√◊Ë Õ ß¥— ß °≈à “ «¬— ß ¡’ ‰ ¡à ¡ “°π— ° ·≈–‡º¬·æ√à ¢â Õ ¡Ÿ ≈ µà “ ßÊ†ºà “ π†Website†¢Õß∫√‘ …— ∑ †´÷Ë ß ∫√‘ …— ∑ ¡’ · π«∑“ß∑’Ë ® –ª√— ∫ ª√ÿ ß °“√‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ „Àâ ¡∫Ÿ √ ≥å §√∫∂â«π ∑—π‡«≈“Õ¬Ÿà‡ ¡Õ†∑—Èßπ’ÈºŸâ≈ß∑ÿπ “¡“√∂µ‘¥µàÕ¢Õ∑√“∫¢âÕ¡Ÿ≈¢Õß∫√‘…—∑‰¥â∑’ËÀ¡“¬‡≈¢‚∑√»—æ∑å†0-2937-1555 À√◊Õ∑’Ë Website: www.centralpattana.co.th†À√◊Õ∑’Ë†e-mail†address:†srnaparat@central.co.th

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Good Corporate Governance Report 1. Policy on Corporate Governance The†company†is†convinced†that†good†corporate†governance†is†a†key†factor†in†maintaining shareholder†confidence,†enhancing†value†and†promoting†the†Company's†sustainable†growth.†The Company†has†clearly†stated†its†written†policy†on†corporate†governance†as†shown†from†page 103†to†107.†The†Board†of†Directors†has†approved†and†officially†announced†this†policy†on†February 25th,†2004†in†order†to†establish†and†promote†the†practice.†This†policy†includes†good†corporate governance†practices†and†procedure,†as†follows: ë The rights and equitable treatment of shareholders and the role of stakeholders. ë The Board of Directors: Structure, roles, responsibilities, accountabilities and independence. ë Disclosure and Transparency. ë Internal Controls and Risk Management. ë Business Ethics. The†Company†is†committed†to†strongly†promote†and†develop†a†culture†of†good†corporate governance†practices†within†the†organization.†This†commitment†has†been†continuously†reinforced by†action,†and†conveyed†to†all†management†and†staff†through†internal†communication†media. Executive†and†staff†seminars†are†regularly†arranged,†monitored, †evaluated†and†reported†to†the†Board of†Directors.†The†responsible†management†also†proposes†opinions†and†advice†on†guidance†and procedures,†as†well†as†issuing†periodic†announcements†to†the†general†public†and†stakeholders.

2. Shareholders: Rights and Equitable Treatment In†2003,†the†company†arranged†two†Shareholders†meetings,†the†Annual†General†Meeting†and an†Extraordinary†Meeting†and†both†meetings†were†arranged†at†the†Central†World†Plaza†(Formerly World†Trade†Center).†Shareholders†meeting†invitations,†along†with†the†Board's†opinions†and supporting†documentation†for†each†item†of†the†agenda†were†distributed†to†all†shareholders†at least†10†days†prior†to†each†meeting.†The†Company†also†permitted†shareholders,†who†could†not attend†in†person,†to†sign†proxies†authorizing†one†of†the†three†Independent†Directors†to†vote†on their†behalf. The†Company†now†has†a†policy†to†send†invitations†with†detailed†supporting†documentation for†each†item†of†agenda†to†all†shareholders†at†least†14†days†in†advance†to†allow†shareholders more†time†to†study†information†before†meetings.†Additionally,†shareholders†registration†at†meetings will†be†extended from†1 to 2 hours.

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3. Stakeholders: Rights and Equitable Treatment The Company recognizes the rights of all groups of stakeholders, namely: ë Employees†:†The†Company†stresses†equality,†fairness†in†treatment,†and†appropriate compensation†for all staff as published in the Company's Codes. ë Lenders†:†The†Company†is†committed†and†determined†to†comply†with†all†loan†agreement conditions. ë Customers†:†The†Company†strives†to†ensure†that†highest†quality†of†services†are†provided†to customers†at†all†times.†The†confidentiality†of†customer†information†will†be†strictly†protected†and all†customer service staff is directed to process customer inquiries quickly. ë Competitors†:†The†Company†competes†in†the†market†fairly,†in†an†appropriate†manner†and†in strict adherence to established criteria avoiding any dishonest business practices. ë Community†:†The†Company†regularly†supports†and†promotes†activities†which†are†beneficial to†the†community†at†large.†These†are†shown†on†page†36†and†41.

4. Shareholders Meeting Directors†and†Independent†Directors†participated†at†all†shareholders†meetings†during†2003 and†the†chairperson†of†the†meeting†granted†equal†rights†to†all†shareholders†to†scrutinize†on the†Company's†operations.†Proper†sessions†were†provided†for†questions†and†suggestions. The†Company†has†maintained†reliable†filing†system†for†its†minutes†of†shareholders†meeting. In†the†future,†the†Company†will†improve†the†contents†of†minutes†by†including†names†of†present and†absent†Board†members†and†other†important†information,†such†as†explanations,†questions, opinions,†voting†and†counting†methods,†agreements†and†disagreements.†Any†abstentions†will†be noted,†as†required†by†law,†for†items†on†Agenda†that†required†voting.

5. Leadership and Vision The†Board†of†Directors†has†devoted†great†attention†to†developing†and†refining†the†company vision,†mission,†strategy,†goals,†business†plan†and†budget.†The†Board†has†clearly†delegated responsibilities†among†the†Directors,†Audit†Committee†and†management.†It†consistently†monitors the†performance†of†operations†to†ensure†corporate†efficiency†and†to†comply†with†business†plans. The†Board†utilizes†a†monitoring†process†and†follows†up†regularly†on†risk†management†processes during its' meetings.

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6. Conflicts of Interest The†Board†of†Directors†carefully†monitors†potential†conflicts†of†interest†in†all†transactions†of the†Company's†business†operations.†A†clear†procedure†has†been†established†for†approval†of†related company†transactions†and†The†Board†strictly†prohibits†any†misuse†of†privileged†inside†information by its employees. These include: ë Potential†Conflicts†of†Interest†Transaction:†The†Board†of†Directors†is†informed†about†any potential†conflicts†of†interest†in†related†company†transactions†and†acts†with†prudence†in†all†cases. Full†and†accurate†disclosure†of†any†such†transactions†is†openly†reported†in†accordance†with†the regulations of the Stock Exchange of Thailand, in the Annual Report and in form 56-1. ë Monitoring the Use of Inside Information: - Management†is†required†to†report†any†changes†in†their†company†shareholding†to†the†Stock Exchange of Thailand, within 3 working days from the transaction date. - Directors,†management†and†insiders†who†have†access†to†privileged†Company†information are†prohibited†from†trading†or†disposing†of†company†shares†within†a†period†of†one†month†before, and†after such information is made public in financial statements.

7. Business Ethics In†2003,†the†company†required†all†Directors,†management,†and†employees†to†sign†their†acceptance and†commitment†to†the†Code†of†Conduct†for†Directors,†Management,†and†Employees†policy†document. The†Company†also established monitoring and disciplinary procedures to ensure full compliance.

8. Balance of Power of Non-Executive Directors The Board of Directors comprises: - Executive Directors 5 persons - Non-Executive Directors 7 persons (Representatives of major shareholders) - Independent Directors 3 persons The†3†Independent†Directors†represent†20%†of†the†Board†of†Directors.†However,†the†Executive Directors†of†the†Company,†through†their†combined†shareholdings†represent†73%†of†the†whole†Board of†Directors†and†fully†perform†their†duties†as†shareholders†representatives†and†conduct†appropriate checks and balances.

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9. Separation of Position The†Chairman†of†the†Board†of†Directors†and†the†President†are†separate†positions,†held†by different†persons†but†both†are†representatives†of†major†shareholders†of†the†Company.†However,†the 3†Independent†Directors†are†not†affiliated†to†any†shareholder†groups†and†assure†that†checks†and balances are maintained.

10. Remuneration of Directors and Management Remuneration†for†Directors.†The†Board†of†Directors†has†established†a†remuneration†policy†to attract†and†retain†qualified†Directors†who†meet†the†need†of†the†Board†and†the†acceptance†of†the Shareholder's†meetings.†In†addition,†Directors†who†are†assigned†additional†responsibilities†receive appropriate increased remuneration. Remuneration†for†Management.†The†Board†of†Directors†has†established†remuneration†policies for management, which relate in some measure to individual performance. Details of remuneration paid in 2003 are shown on page†97.

11. Meeting of the Board of Directors The†Board†of†Directors†regularly†holds†quarterly†meetings.†Extraordinary†meetings†may†be held†when†required.†Agendas†are†clearly†stated†in†the†notice†as†well†as†the†follow-up†matters. Notice†and†full†supporting†documentation†are†distributed†to†each†Director†at†least†7†days†prior to†the†meeting†to†allow†for†appropriate†preparation.†Each†meeting†normally†lasts†2†hours.†The Company†maintains†an†effective†document†filing†procedure†for†reports†of†minutes,†to†provide accurate†and†adequate†records. In†2003,†the†Board†of†Directors†held†6†meetings†including†4†ordinary†meeting†and†2 extraordinary†meetings.

12. Sub Committee The†Board†of†Directors†established†the†Audit†Committee†on†July†9,†2002,†comprising†of†the 3†Independent†Directors.†The†Audit†Committee†discharges†its†duties†and†responsibilities†in accordance†with†the†regulations†of†the†Stock†Exchange†of†Thailand. The†company†has†not†yet†established†a†Remuneration†Committee†but†has†set†in†place effective†policies†and†procedures,†which†maintain†remuneration†scales†based†on†the†principles of†market†norms†and†the†Company's†performance. The†company†has†not†yet†established†a†Nomination†Committee†but†has†an†effective†nominating procedures for the Board of Directors and senior management.

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13. Internal Control and Internal Audit The†Board†of†Directors†has†realized†the†importance†of†internal†controls†and†recognized†that internal†control†processes†require†unity†from†all†levels†of†management†and†employees,†to†assist in†the†design†of†appropriate†procedures†to†achieve†effective†goals.†These†procedures†control†the use†of†the†Company's†assets,†compiling†reliable†financial†statements†and†communicating non- financial†information†in†a†timely†manner,†and†in†full†compliance†with†all†laws,†regulations†and applicable rules. The†Board†of†Directors†is†responsible†for†establishing†internal†control†and†risk†management policies†and†performing†continuous†monitoring†to†ensure†all†directives†and†targets†are†met.†The management†is†responsible†for†the†day†to†day†implementation†of†these†policies†and†staff†is required†to†strictly†adhere†to†the†guidelines†issued†to†them. In†addition,†the†Board†of†Directors†has†assigned†the†Audit†Committee†to†monitor†that†internal controls†are†adequate†and†effective†in†order†to†reduce†business†operation†risk,†to†protect†company assets,†and†in†the†preparation†of†accurate†financial†statements†and†that†all†staff†perform†their duties†in†accordance†with†all†applicable†laws.†The†Internal†Audit†Department†assists†in†these†tasks and is an independent body that reports directly to the Audit Committee. Effective Internal Control consists of 5 elements: ë Control†Environment:†The†Company†considers†this†to†be†the†most†important†foundation†to establish†goodwill†and†a†culture†of†internal†control.†All†employees†are†actively†encouraged†to understand†and†show†a†positive†awareness†towards†internal†controls†in†the†daily†execution†of their†duties.†The†Company†has†the†Code†of†Conduct†Policy,†the†clear†organization's†structure†and human†resource†management†policies,†authority†levels†and†duties,†as†well†as†the†Company's corporate†governance†policy. ë Risk†Management:†The†Company†recognizes†the†importance†of†risk†assessment†and management,†and†in†2003,†the†Company†held†a†seminar†on†risk†management†for†middle†executive and†executive†directors.†To†ensure†the†effective,†on-going†maintenance†of†risk†management,†the Company†in†the†process†of†selecting†an†external†consultant†to†work†alongside†with†its†Internal Risk Management Committee, and an appointment is expected soon.

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ë Control†Activities:†Effective†guides†for†management†to†reduce†risk†and†to†achieve†goals have†been†set†up†and†accepted.†Furthermore,†the†Company†has†established†clear†codes†and regulations†for†all†business†practices,†including:†financial†payment,†budgeting,†human†resources, purchasing,†and†handbooks†for†each†operation†are†used. ë Information†and†Communication:†The†Company†has†established†adequate,†reliable,†accurate, accessible†and†constantly†updated†financial†and†non-financial†information†systems†to†support†decisionmaking†processes.†At†the†same†time,†it†has†maintained†appropriate†levels†of†security†of†information accessibility†as†well†as†an†effective,†on†time,†internal†and†external†communications†supporting management at each level. ë Monitoring†and†Evaluation:†To†ensure†that†established†internal†controls†are†effective,†the Company†has†instituted†qualified†monitoring†and†evaluation†procedures†which†are†performed†by division†and†department†managers, committees, the Internal Audit Office and External Auditor. In†addition,†the†Company†plans†to†adopt†a†self-evaluation†control†scheme,†part†of†a†new†concept of internal†control†(Control†Self†Assessment),†which†will†be†administered†by†the†Board†of†Directors.

14. Directors' Report The†Board†of†Directors†is†responsible†for†the†accuracy†of†the†company's†financial†statements, as†well†as†those†of†its†subsidiaries†included†in†the†Annual†Report.†Thus,†the†Board†has†expressed†its responsibilities†and†opinions†in†the†Board†of†Directors†responsibilities†to†financial†statement†report, and†this†has†been†confirmed†by†Chairman†and†President†of†the†company,†as†shown†on†page†27.

15. Investors Relations The†Board†of†Directors†emphasizes†that†information†disclosed†to†investors†and†stakeholders must†be†accurate,†clear,†open,†in†good†faith†and†always†in†a†timely†manner.†To†ensure†this,†the Board†has†authorized†and†assigned†the†Vice†President,†Corporate†Finance,†to†be†responsible†for all†communications†with†institutional†and†individual†investors,†stock†analysts†and†government agencies. For†further†information,†interested†parties†are†invited†to†contact†the†company,†by†telephone at†number†(02)†937-1555†or†visit†our†website†at:†www.centralpattana.co.th†or,†by†e-mail†to†: srnaparat@central.co.th

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√“¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ß°— π

√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π „πªï 2546 ·∫àßµ“¡ª√–‡¿∑√“¬°“√‰¥â¥—ßµàÕ‰ªπ’È 1. √“¬°“√§â “ ∑’Ë ‡ ªì π∏ÿ √ °‘ ® ª°µ‘ ¢ Õß∫√‘ …— ∑ 1.1 √“¬°“√°—∫¿“§√—∞ - ‰¡à¡’ 1.2 √“¬°“√¢“¬ ‘ π §â “ ·≈–∫√‘ ° “√∑’Ë ‡ ªì π ∏ÿ √ °‘ ® ª°µ‘ † µ“¡‡ß◊Ë Õ π‰¢°“√§â “ ∑—Ë « ‰ª - ¥—ß√“¬≈–‡Õ’¬¥„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 27 2. √“¬°“√‡°’Ë ¬ «°— ∫ ‘ π ∑√— æ ¬å À √◊ Õ ∫√‘ ° “√ - πÕ°®“°√“¬°“√∑’Ë ‰ ¥â ‡ ªî ¥ ‡º¬‰«â · ≈â « „πÀ¡“¬‡Àµÿ ª √–°Õ∫ß∫°“√‡ß‘ π ¢â Õ ∑’Ë † 27†∫√‘ …— ∑ †‡´Á π ∑√— ≈ †‡æ≈¬å † ·≈π¥å ®”°— ¥ †∫√‘ …— ∑ ¬à Õ ¬∑’Ë ∫ √‘ …— ∑ œ†∂◊ Õ Àÿâ π †80%†¥”‡π‘ π ∏ÿ √ °‘ ® «ππÈ” ·≈– «π πÿ ° †∫√‘ ‡ «≥¥“¥øÑ “ Àâ “ ß √√æ ‘ π §â “ „π‚§√ß°“√ ‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“†‰¥â ‡ ¢â “ ∑”∫— π ∑÷ ° ¢â Õ µ°≈ßµà Õ ∑â “ ¬ — ≠ ≠“‡™à “ æ◊È π ∑’Ë ∫ √‘ ‡ «≥¥— ß °≈à “ «†°— ∫ ∫√‘ …— ∑ † √√æ ‘ π §â “ ∫“ßπ“†®”°— ¥ (‡®â “ ¢ÕßÕ“§“√Àâ “ ß √√æ ‘ π §â “ )†‡¡◊Ë Õ «— π ∑’Ë † 19†∏— π «“§¡†2546†‡æ◊Ë Õ ¢¬“¬ ‘ ∑ ∏‘ ° “√‡™à “ ÕÕ°‰ªÕ’ ° †10†ªï † π— ∫ µ—È ß ·µà «— π ∑’Ë 1 ¡°√“§¡†2567†∂÷ß†31†∏—π«“§¡†2576†‚¥¬®à“¬™”√–§à“ ‘∑∏‘°“√‡™à“¥—ß°≈à“«‡ªìπ®”π«π‡ß‘π∑—Èß ‘Èπ†18,760,200†∫“∑ √“¬°“√¥—ß°≈à“«‰¥â√—∫Õπÿ¡—µ‘®“°∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑†§√—Èß∑’Ë 8/2545 ‡¡◊ËÕ«—π∑’Ë 12 æƒ»®‘°“¬π 2545 3. √“¬°“√§«“¡™à«¬‡À≈◊Õ∑“ß°“√‡ß‘π - ¥—ß√“¬≈–‡Õ’¬¥„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 27 ´÷Ëß‡ªìπ√“¬°“√∑’Ë‡°‘¥¢÷Èπµ“¡ —¥ à«π°“√∂◊ÕÀÿâπ

§«“¡‡ÀÁ π ¢Õß°√√¡°“√Õ‘ √–·≈–ºŸâ Õ∫∫— ≠ ™’ ‡ °’Ë ¬ «°— ∫ √“¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ß°— π ºŸâ Õ∫∫— ≠ ™’ ¢ Õß∫√‘ …— ∑ ‰¥â µ √«® Õ∫·≈â « «à “ †Õ— µ √“§à “ ‡™à “ †·≈–§à “ ∫√‘ ° “√∑’Ë ∫ √‘ …— ∑ ·≈–∫√‘ …— ∑ ¬à Õ ¬‡√’ ¬ °‡°Á ∫ ®“°√â “ π§â “ ¢Õß∫√‘…—∑„π°≈ÿà¡ ‡¡◊ËÕ‡∑’¬∫‡§’¬ß°—∫√â“π§â“Õ◊Ëπ∑’Ë‡™à“Õ¬Ÿà „π∫√‘‡«≥µ‘¥°—π†·≈–/À√◊Õ „°≈â‡§’¬ß„π™—Èπ‡¥’¬«°—π†·≈–/À√◊Õ†„°≈â‡§’¬ß „π™—Èπ‡¥’¬«°—π∑—Èßπ’È¢÷ÈπÕ¬Ÿà°—∫∑”‡≈†¢π“¥æ◊Èπ∑’Ë √–¬–‡«≈“∑’Ë‡™à“ ‡«≈“ ·≈–ª√–‡¿∑¢Õß°“√‡™à“

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¢—È π µÕπÕπÿ ¡— µ‘ ° “√∑”√“¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ß°— π ¢—È π µÕπÕπÿ ¡— µ‘ ° “√∑”√“¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ß°— π ‰¡à · µ°µà “ ß®“°√“¬°“√§â “ ª°µ‘ ∑—Ë « ‰ª†‚¥¬®–‡ªì π ‰ªµ“¡√–‡∫’ ¬ ∫°“√ Õπÿ ¡— µ‘ ¢ Õß∫√‘ …— ∑ ∑’Ë ‰ ¥â ª √–°“»‰«â † Õ“∑‘ ‡ ™à π †°√≥’ ° “√„Àâ à « π≈¥§à “ ‡™à “ ®–µâ Õ ßºŸâ ¡’ Õ”π“®Õπÿ ¡— µ‘ † ‰¥â · °à † ºŸâ Õ”π«¬°“√ΩÉ “ ¬¢“¬ ºŸâ ™à « ¬°√√¡°“√ºŸâ ®— ¥ °“√„À≠à † ΩÉ “ ¬¢“¬·≈–°“√µ≈“¥†√Õß°√√¡°“√ºŸâ ®— ¥ °“√„À≠à † °√√¡°“√ºŸâ ®— ¥ °“√„À≠à † µ“¡≈”¥— ∫ †Õ¬à “ ß‰√ °Á µ “¡∫√‘ …— ∑ ®— ¥ „Àâ ¡’ ºŸâ Õ∫∫— ≠ ™’ √ÿ ª §«“¡‡ÀÁ π ‡°’Ë ¬ «°— ∫ Õ— µ √“§à “ ‡™à “ ∑’Ë „ Àâ °— ∫ ∫√‘ …— ∑ „π‡§√◊ Õ «à “ ‡∑’ ¬ ∫‡§’ ¬ ß°— ∫ √â “ π§â “ Õ◊Ë π ∑’Ë Õ ¬Ÿà „π ∫√‘ ‡ «≥µ‘ ¥ °— π ·≈–/À√◊ Õ †„°≈â ‡ §’ ¬ ß„π™—È π ‡¥’ ¬ «°— π À√◊ Õ ‰¡à † „πß∫°“√‡ß‘ π ¢Õß∫√‘ …— ∑ †·≈–„π°√≥’ ∑’Ë ¡’ ° “√‡¢â “ ∑”√“¬°“√∑’Ë ‡°’Ë ¬ «‚¬ß°— π ∑’Ë ‡ ¢â “ ‡°≥±å ∑’Ë ® –µâ Õ ß‡ªî ¥ ‡º¬ “√ π‡∑»µà Õ µ≈“¥À≈— ° ∑√— æ ¬å · Àà ß ª√–‡∑»‰∑¬†∫√‘ …— ∑ ¡’ À πà « ¬ß“π∑’Ë √— ∫ º‘ ¥ ™Õ∫ „π°“√‡ªî ¥ ‡º¬ “√ π‡∑»¥— ß °≈à “ «‚¥¬µ√ß†‡æ◊Ë Õ „Àâ ¥”‡π‘ π °“√‡ªì π ‰ªµ“¡¢â Õ °”Àπ¥¢Õßµ≈“¥À≈— ° ∑√— æ ¬å · Àà ß ª√–‡∑»‰∑¬

π‚¬∫“¬À√◊Õ·π«‚πâ¡°“√∑”√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π„πÕπ“§µ ∫√‘ …— ∑ §“¥«à “ π‚¬∫“¬À√◊ Õ ·π«‚πâ ¡ °“√∑”√“¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ß°— π „πÕπ“§µ¬— ß §ß¡’ ≈— ° …≥–„°≈â ‡ §’ ¬ ß°— ∫ ªï ∑’Ë ºà “ π¡“

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Connected Transactions

Connected transactions in the year 2003 classified by categories as follow; 1. An ordinary and usual course of business transaction 1.1 Transaction with the government agencies - N/A 1.2 An ordinary and usual course of business transaction with normal commercial terms - As disclosed in the note 27 to the financial statements. 2. An assets or services transaction -†Beside†the†connected†transactions†in†the†note†27†to†the†financial†statements,†Central†Play Land†Co.,Ltd.,†80%†subsidiary†and†operator†of†waterpark†and†playland†on†the†roof†of†Central†Department Store†in†Central†City†Bangna,†had†entered†into†the†amendment†of†the†lease†agreement†with†Bangna Department†Store†Co.,Ltd.†(the†owner†of†Central†Department†Store†in†Central†City†Bangna)†on†December 19,†2003†to†extend†leasehold†right†of†such†area†for†another†10†years†from†January†1,†2024†to†December 31,†2033.†The†payment†for†the†lease†extension†was†18,760,200†Baht.†This†transaction†was†approved by†the†Board of Directors Meeting No.8/2002 held on November 12, 2002. 3. A financial support transaction -†As†disclosed†in†the†note†27†to†the†financial†statements.†All†transactions†were†done†in proportion of shareholders' stake.

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Comments of independent directors and auditors on connected transactions The†auditors†had†already†examined†and†confirmed†that†rental†and†service†rate†charged†to those†shops†of†the†Group†Companies†were†approximately†the†same†rate†that†charged†to†other†nearby shops†in†the†same†category.†Those†rates†were†subject†to†location,†lease†space,†lease†term,†timing and†type†of†lease.

The approval procedure for connected transactions The†approval†procedure†for†connected†transactions†are†as†same†as†those†for†normal†trade transactions†which†have†to†comply†with†the†Company's†policy.†For†instance,†approvals†on†rental†discounts have†to†be†executed†by†authorizers,†such†as†Vice†President†leasing†&†marketing,†Senior†Vice†President†leasing†&†marketing,†Executive†Vice†President,†and†President†respectively.†However,†in†order†to†monitor these†connected†transactions,†the†Company†engages†the†auditors†to†examine†and†confirm†in†its†financial statements†that†rental†and†service†rate†charged†to†shops†of†Group†Companies†were†approximately the†same†rates†that†charged†to†other†nearby†shops.†The†connected†transactions†must†be†disclosed to†the†Stock†Exchange†of†Thailand†per†its†stipulated†rules†and†relations†by†the†responsible†department.

Connected†transaction†policy and its occurrence's trend in the future Connected†transaction†policy†and†its†further†occurrence's†trend†are†likely†to†be†similar†as†those in the past.

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§”Õ∏‘∫“¬·≈–°“√«‘‡§√“–Àåº≈°“√¥”‡π‘πß“π†·≈–∞“π–°“√‡ß‘π

º≈°“√¥”‡π‘πß“π„πªï†2546 √“¬‰¥â ∫√‘ …— ∑ ·≈–∫√‘ …— ∑ ¬à Õ ¬¡’ √ “¬‰¥â √ «¡ ”À√— ∫ ªï † æ.».†2546†®”π«π†5,506.5†≈â “ π∫“∑†‡æ‘Ë ¡ ¢÷È π †1,733.1†≈â “ π∫“∑ À√◊ Õ †46.0%†®“°ªï † 2545† à « π„À≠à ‡ °‘ ¥ ®“°√“¬‰¥â §à “ ‡™à “ ·≈–§à “ ∫√‘ ° “√∑’Ë ‡ æ‘Ë ¡ ¢÷È π †1,479.1†≈â “ π∫“∑†À√◊ Õ †44%†‰¥â · °à √“¬‰¥â®“°‡´Áπ∑√—≈ æ≈“´“ æ√–√“¡ 2 ‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´“†·≈–‡´Áπ∑√—≈†·Õ√åæÕ√åµ†æ≈“´“†‡™’¬ß„À¡à†‡ø †2†∫’†·≈– °“√‡æ‘Ë ¡ ¢÷È π ¢ÕßÕ— µ √“°“√‡™à “ †®“°°“√¢¬“¬æ◊È π ∑’Ë ‚ √ß¿“æ¬πµ√å ‡ æ‘Ë ¡ Ÿ ß ¢÷È π „π‡´Á π ∑√— ≈ †æ≈“´“†ªîò π ‡°≈â “ †·≈–†‡´Á π ∑√— ≈ †´‘ µ’È ∫“ßπ“†√«¡∑—Èß°“√‡ªî¥√â“πª√–‡¿∑ ∂“∫—π‡ √‘¡§«“¡ß“¡† ∂“∫—π°“√‡ß‘π†√â“π§â“ª√–‡¿∑·ø™—Ëπ†»Ÿπ¬å√«¡√â“π§â“ª≈’°§Õ¡æ‘«‡µÕ√å ·≈–‚∑√»—æ∑å¡◊Õ∂◊Õ†¿“¬„π‚§√ß°“√µà“ßÊ†πÕ°®“°π’È√“¬‰¥â§à“‡™à“®“° —≠≠“‡√’¬°‡°Á∫‡ªìπ‡ªÕ√å‡´πµåµàÕ¬Õ¥¢“¬†·≈–√“¬‰¥â®“° °“√„Àâ‡™à“æ◊Èπ∑’Ë à«π°≈“ß‰¥â‡æ‘Ë¡ Ÿß¢÷Èπ†‚¥¬‡©æ“–Õ¬à“ß¬‘Ëß®“° “¢“≈“¥æ√â“«†ªîòπ‡°≈â“†·≈–†æ—∑¬“†¥â“π√“¬‰¥â®“°°“√¢“¬Õ“À“√ ·≈–‡§√◊Ë Õ ß¥◊Ë ¡ ‡æ‘Ë ¡ ¢÷È π †92.0†≈â “ π∫“∑†À√◊ Õ †36.9%†®“°°“√‡ªî ¥ »Ÿ π ¬å Õ “À“√„π‡´Á π ∑√— ≈ †æ≈“´“†æ√–√“¡†2†·≈–‡´Á π ∑√— ≈ ‡«‘ ≈ ¥å † æ≈“´“†πÕ°®“°π’È † °“√ª√— ∫ ª√ÿ ß »Ÿ π ¬å Õ “À“√¢Õß†‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“†·≈–†‡´Á π ∑√— ≈ †·Õ√å æ Õ√å µ †æ≈“´“†‡™’ ¬ ß„À¡à ∑”„Àâ ®”π«π≈Ÿ ° §â “ ∑’Ë ¡ “„™â ∫ √‘ ° “√‡æ‘Ë ¡ Ÿ ß ¢÷È π †„π à « π¢Õß√“¬‰¥â Õ◊Ë π ‡æ‘Ë ¡ ¢÷È π †162†≈â “ π∫“∑†À√◊ Õ †99.2%†°”‰√®“°°“√®à “ ¬ ™”√–§◊ π ‡ß‘ π °Ÿâ ® “°°“√ª√— ∫ ‚§√ß √â “ ßÀπ’È ¢ Õß∫√‘ …— ∑ †‡´Á π ∑√— ≈ ‡æ≈¬å † ·≈π¥å † ®”°— ¥ †°à Õ π°”Àπ¥†®”π«π†67.4†≈â “ π∫“∑ µâ π∑ÿ π ·≈–§à “ „™â ®à “ ¬ „πªï†2546†∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’µâπ∑ÿπ·≈–§à“„™â®à“¬„π°“√¥”‡π‘πß“π†®”π«π†2,819.1†≈â“π∫“∑†·≈–†804.6 ≈â “ π∫“∑†‡æ‘Ë ¡ ¢÷È π †1,098.7†≈â “ π∫“∑†·≈–†183.1†≈â “ π∫“∑†®“°ªï °à Õ π†À√◊ Õ †63.9%†·≈–†29.5%†µ“¡≈”¥— ∫ † à « π„À≠à ‡°‘ ¥ ®“°µâ π ∑ÿ π ¢Õß‡´Á π ∑√— ≈ †æ≈“´“†æ√–√“¡†2†·≈–‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†‚¥¬‡©æ“–§à “ “∏“√≥Ÿ ª ‚¿§†§à “ ‡™à “ ∑’Ë ¥‘ π †·≈– §à“‡ ◊ËÕ¡√“§“†·≈–°“√‡æ‘Ë¡¢÷Èπ¢Õß§à“¿“…’ ‚√ß‡√◊Õπ·≈–‡∫’È¬ª√–°—π¿—¬† ”À√—∫§à“„™â®à“¬„π°“√¥”‡π‘πß“π·≈–∫√‘À“√∑’Ë‡æ‘Ë¡¢÷Èπ ‡ªìπ§à“„™â®à“¬¢Õß‡´Áπ∑√—≈†æ≈“´“†æ√–√“¡†2†‡´Áπ∑√—≈†‡«‘≈¥å†æ≈“´“†·≈–‡´Áπ∑√—≈†·Õ√åæÕ√åµ†æ≈“´“†‡™’¬ß„À¡à†‡ø †2†∫’ §à “ ‚¶…≥“®“°°“√‡ªî ¥ ‡´Á π ∑√— ≈ †·Õ√å æ Õ√å µ †æ≈“´“†‡™’ ¬ ß„À¡à † ‡ø †2∫’ † ·≈–°“√‡ªî ¥ µ— « √Ÿ ª ‚©¡„À¡à ¢ Õß‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“ °”‰√®“°°“√¥”‡π‘ π ß“π†·≈–†°”‰√ ÿ ∑ ∏‘ „πªï†2546†∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’°”‰√®“°°“√¥”‡π‘πß“π†®”π«π†1,916.3†≈â“π∫“∑†·≈–¡’°”‰√ ÿ∑∏‘†®”π«π 1,196.9†≈â “ π∫“∑†‡æ‘Ë ¡ ¢÷È π ®“°ªï °à Õ π†500†≈â “ π∫“∑†·≈–†249†≈â “ π∫“∑†À√◊ Õ †35.3%†·≈–†26.3%†µ“¡≈”¥— ∫ ‡ªì π º≈¡“®“°°“√‡æ‘Ë ¡ ¢÷È π ¢Õß√“¬‰¥â µ “¡∑’Ë ° ≈à “ «¢â “ ßµâ π †ª√–°Õ∫°— ∫ „πªï °à Õ π∫√‘ …— ∑ ¡’§à “ „™â ®à “ ¬‡°’Ë ¬ «°— ∫ ¿“…’ ¡Ÿ ≈ §à “ ‡æ‘Ë ¡ ·≈–¿“…’´÷Ëß‡ªìπ√“¬°“√æ‘‡»…®”π«π†97.9†≈â“π∫“∑†®÷ß∑”„Àâ°”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π¢Õßªï†2546†‰¥â‡∑à“°—∫†2.99†∫“∑/Àÿâπ ‡æ‘Ë¡¢÷Èπ®“° 2.57 ∫“∑/Àÿâπ „πªï 2545

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¿“æ√«¡∞“π–∑“ß°“√‡ß‘π ªï 2546 ‘ π ∑√— æ ¬å ≥†«— π ∑’Ë † 31†∏— π «“§¡†2546†∫√‘ …— ∑ ·≈–∫√‘ …— ∑ ¬à Õ ¬¡’ ‘ π ∑√— æ ¬å √ «¡†23,549.9†≈â “ π∫“∑†‡æ‘Ë ¡ ¢÷È π ®“°†«— π ∑’Ë † 31 ∏— π «“§¡†2545†®”π«π†2,176.8†≈â “ π∫“∑†À√◊ Õ †10.2%†‚¥¬√“¬°“√ ”§— ≠ §◊ Õ †°“√ª√— ∫ ª√ÿ ß ·≈–°à Õ √â “ ß‡´Á π ∑√— ≈ ‡«‘ ≈ ¥å † æ≈“´“†°“√‡¢â “ ´◊È Õ ¬“¡®— ‚°â † √— µ π“∏‘ ‡ ∫»√å † (ªí ® ®ÿ ∫— π ‡ª≈’Ë ¬ π™◊Ë Õ ‡ªì π †√— µ π“∏‘ ‡ ∫»√å † ∑“«πå † ‡´Á π ‡µÕ√å ) †°“√ª√— ∫ ª√ÿ ß ‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“†§à “ °à Õ √â “ ß·≈–§à “ ´◊È Õ ∑’Ë ¥‘ π ‡æ‘Ë ¡ ‡µ‘ ¡ ¢Õß‡´Á π ∑√— ≈ †·Õ√å æ Õ√å µ †æ≈“´“†‡™’ ¬ ß„À¡à † ‡ø †2∫’ † ‡ªì π µâ π ∫√‘ …— ∑ ¡’ ‘ π ∑√— æ ¬å À ¡ÿ π ‡«’ ¬ π√«¡‡æ‘Ë ¡ ¢÷È π †1,063.4†≈â “ π∫“∑†À√◊ Õ †60.5%†®“°°“√‡æ‘Ë ¡ ¢÷È π ¢Õß‡ß‘ π ¥·≈–√“¬°“√‡∑’ ¬ ∫‡∑à “ ‡ß‘π ¥∑’Ë‡æ‘Ë¡®“°°√–· ‡ß‘π ¥®“°°“√¥”‡π‘πß“π†·≈–°“√≈ß∑ÿπ‡æ‘Ë¡¢÷Èπ„πÀ≈—°∑√—æ¬å‡º◊ËÕ¢“¬ª√–‡¿∑µ√“ “√Àπ’È†„π¢≥–∑’Ë ≈Ÿ°Àπ’È°“√§â“≈¥≈ß®“°°“√‡√’¬°‡°Á∫§à“‡™à“‰¥â‡√Á«¢÷Èπ ‚¥¬‡©æ“–‡´Áπ∑√—≈ æ≈“´“ æ√–√“¡2 Àπ’È ‘ π ∫√‘ …— ∑ ·≈–∫√‘ …— ∑ ¬à Õ ¬¡’ À π’È ‘ π √«¡†15,594.3†≈â “ π∫“∑†‡æ‘Ë ¡ ¢÷È π ®“° ‘È π ªï † 2545†‡ªì π ®”π«π†259.9†≈â “ π∫“∑ À√◊ Õ †1.7%†‡ªì π º≈®“°°“√‡æ‘Ë ¡ ¢÷È π ¢Õß‡ß‘ π °Ÿâ √ –¬–¬“«‡æ◊Ë Õ ∑¥·∑π°“√„™â ‡ ß‘ π °Ÿâ √ –¬– —È π ¢Õßªï † 2545†‚¥¬°“√®— ¥ µ—È ß °Õß∑ÿ π √«¡Õ — ß À“√‘ ¡ ∑√— æ ¬å † Õ— π ‰¥â · °à † °Õß∑ÿ π √«¡∏ÿ √ °‘ ® ‰∑¬†4† ”À√— ∫ ‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†°Õß∑ÿ π √«¡∏ÿ √ °‘ ® ‰∑¬†5† ”À√— ∫ ‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“†·≈–†‡ß‘ π °Ÿâ √ –¬–¬“« ”À√— ∫ ‡´Á π ∑√— ≈ †·Õ√å æ Õ√å µ †æ≈“´“†‡™’ ¬ ß„À¡à † ‡ø †2†∫’ † ·≈–‡´Á π ∑√— ≈ †æ≈“´“ æ√–√“¡†2†∑”„Àâ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« Ÿß¢÷Èπ®“°†3,453.1†≈â“π∫“∑†≥† ‘Èπªï†2545†‡ªìπ†6,961.6†≈â“π∫“∑†≥† ‘Èπªï†2546 à « π¢Õß‡ß‘ π °Ÿâ ¬◊ ¡ √–¬–¬“«∑’Ë ∂÷ ß °”Àπ¥™”√–¿“¬„π†1†ªï † ≈¥≈ß®“°†4,085.5†≈â “ π∫“∑†≥† ‘È π ªï † 2545†‡ªì π †1,033.5 ≈â “ π∫“∑†≥† ‘È π ªï † 2546†πÕ°®“°π’È † ∫√‘ …— ∑ ¬— ß ‰¥â ®à “ ¬™”√–§◊ π ‡ß‘ π °Ÿâ ¬◊ ¡ ®“°∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π Õ’ ° ®”π«π†43.5†≈â “ π∫“∑ √“¬°“√Àπ’È ‘ π Õ◊Ë π ∑’Ë ≈ ¥≈ß†‰¥â · °à † ‡ß‘ π §È” ª√–°— π ‘ ∑ ∏‘ ° “√‡™à “ ®“°°“√∑” — ≠ ≠“‚Õπ ‘ ∑ ∏‘ ° “√‡™à “ ¢Õß‡´Á π ∑√— ≈ †æ≈“´“ æ√–√“¡†2†∑’Ë ‡ √Á ® ‘È π„πªï † 2546†„Àâ · °à ºŸâ ‡ ™à “ †‡®â “ Àπ’È ºŸâ √— ∫ ‡À¡“°à Õ √â “ ß≈¥≈ß†‡π◊Ë Õ ß®“°†‡¡◊Ë Õ ‘È π ªï † 2545†∫√‘ …— ∑ Õ¬Ÿà √ –À«à “ ß °“√æ— ≤ π“‡´Á π ∑√— ≈ †æ≈“´“†æ√–√“¡†2†‡´Á π ∑√— ≈ †·Õ√å æ Õ√å µ †æ≈“´“†‡™’ ¬ ß„À¡à † ‡ø †2ªï † ·≈–‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“†´÷Ë ß ß“π à « π„À≠à · ≈â « ‡ √Á ® ¿“¬„πªï † 2546†®÷ ß ∑”„Àâ ¬ Õ¥‡®â “ Àπ’È ¥— ß °≈à “ «≈¥≈ß¡“°† ”À√— ∫ √“¬‰¥â §à “ ‡™à “ ·≈–§à “ ∫√‘ ° “√√— ∫ ≈à « ßÀπâ “ ·≈–‡ß‘π¡—¥®”√—∫®“°≈Ÿ°§â“¡’®”π«π Ÿß¢÷Èπ®“°°“√‡ªî¥‡´Áπ∑√—≈ ·Õ√åæÕ√åµ æ≈“´“†‡™’¬ß„À¡à ‡ø 2 ∫’ à « π¢ÕßºŸâ ∂◊ ÕÀÿâ π ∫√‘ …— ∑ œ†¡’ à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π †≥†«— π ∑’Ë † 31†∏— π «“§¡†2546†‡∑à “ °— ∫ †7,955.6†≈â “ π∫“∑† Ÿ ß ¢÷È π ®“° ‘È π ªï † 2545 ®”π«π†1,916.9†≈â “ π∫“∑†‡ªì π º≈®“°°”‰√ ÿ ∑ ∏‘ ”À√— ∫ ªï † 2546†·≈–°“√‡æ‘Ë ¡ ∑ÿ π ‚¥¬°“√ÕÕ°Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ · ª≈ß ¿“æ ‡ªì π Àÿâ π “¡— ≠ †®”π«π†35,714,200†Àÿâ π †¡Ÿ ≈ §à “ √«¡†1,000†≈â “ π∫“∑†‚¥¬Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ ∑—È ß À¡¥‰¥â ‡ πÕ¢“¬„Àâ ° Õß∑ÿ π ‡æ◊Ë Õ °“√√à « ¡≈ß∑ÿ π †(Thailand†Equity†Fund)†„π√“§“Àÿâ π ≈–†28†∫“∑†‚¥¬°≈ÿà ¡ºŸâ ≈ ß∑ÿ π ∑’Ë ”§— ≠ ‰¥â · °à † International Finance†Corporation†(IFC),†California†Public†Employees†Retirement†System†(CalPERS)†·≈–†Asian†Development Bank†‡ªì π µâ π †∑—È ß π’È ∫ √‘ …— ∑ ‰¥â ®à “ ¬‡ß‘ π ªí π º≈¢Õßº≈°“√¥”‡π‘ π ß“π¢Õßªï † 2545†®”π«π†400†≈â “ π∫“∑†‡¡◊Ë Õ «— π ∑’Ë † 17 æƒ…¿“§¡ 2546

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°√–· ‡ß‘π ¥·≈– ¿“æ§≈àÕß†ªï†2546 ∫√‘ …— ∑ ¡’ ° √–· ‡ß‘ π ¥®“°°“√¥”‡π‘ π ß“π„πªï † 2546†®”π«π†3,164†≈â “ π∫“∑†‡æ‘Ë ¡ ¢÷È π ®“°†2,426.9†≈â “ π∫“∑ ¢Õßªï † 2545†®”π«π†737.1†≈â “ π∫“∑†À√◊ Õ †30.4%†‡ªì π º≈®“°√“¬‰¥â ∑’Ë ‡ æ‘Ë ¡ ¢÷È π ®“°°“√¥”‡π‘ π ß“π¢Õß†‡´Á π ∑√— ≈ †æ≈“´“ æ√–√“¡†2†‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´“ ·≈– ‡´Áπ∑√—≈ ·Õ√åæÕ√åµ æ≈“´“ ‡™’¬ß„À¡à ‡ø 2 ∫’ °√–· ‡ß‘π ¥®“°°‘®°√√¡≈ß∑ÿπ„πªï†2546†¡’®”π«π†2,849.7†≈â“π∫“∑†≈¥≈ß®“°ªï†2545†®Ì“π«π†3,308.1†≈â“π∫“∑ À√◊Õ†53.7%†‡π◊ËÕß®“°„πªï†2545†∫√‘…—∑¡’√“¬®à“¬‡æ◊ËÕ°“√≈ß∑ÿπ®“°°“√‡¢â“´◊ÈÕ‡´Áπ∑√—≈†‡«‘≈¥å†æ≈“´“†·≈–°“√°àÕ √â“ß‚§√ß°“√ ‡´Á π ∑√— ≈ †æ≈“´“†æ√–√“¡†2†‡ªì π ®”π«π¡“°† ”À√— ∫ „πªï † 2546†∫√‘ …— ∑ ¡’ ° “√≈ß∑ÿ π „π°“√ª√— ∫ ª√ÿ ß ‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“ °“√®à “ ¬§à “ °à Õ √â “ ßª√— ∫ ª√ÿ ß ‡´Á π ∑√— ≈ †´‘ µ’È † ∫“ßπ“†‡´Á π ∑√— ≈ †æ≈“´“†æ√–√“¡†2†·≈–†‡´Á π ∑√— ≈ †·Õ√å æ Õ√å µ †æ≈“´“†‡™’ ¬ ß„À¡à ‡ø 2 ∫’ √«¡∑—Èß°“√‡¢â“´◊ÈÕ‚§√ß°“√ ¬“¡®— ‚°â √—µπ“∏‘‡∫»√å „π‡¥◊Õπ∏—π«“§¡ 2546 ∑’Ëºà“π¡“ °√–· ‡ß‘ π ¥®“°°‘ ® °√√¡®— ¥ À“‡ß‘ π „πªï † 2546†¡’ ®”π«π†1,203.8†≈â “ π∫“∑†≈¥≈ß®“°ªï † 2545†∑’Ë ¡’ ®”π«π 3,265.9†≈â “ π∫“∑†‡∑à “ °— ∫ †2,062†≈â “ π∫“∑†À√◊ Õ †63.1%†‡π◊Ë Õ ß®“°°“√™”√–§◊ π ‡ß‘ π °Ÿâ ® “°°“√ª√— ∫‚§√ß √â “ ßÀπ’È ¢ Õß ∫√‘ …— ∑ †‡´Á π ∑√— ≈ †‡æ≈¬å † ·≈π¥å † ®”°— ¥ †°à Õ π°”Àπ¥·≈–°“√®à “ ¬™”√–§◊ π ‡ß‘ π °Ÿâ ”À√— ∫ ‡´Á π ∑√— ≈ †æ≈“´“†æ√–√“¡†2†·≈– µ—Î « ·≈°‡ß‘ π √–¬– —È π ·¡â «à “ ∫√‘ …— ∑ ®–¡’ ° “√¢¬“¬°“√≈ß∑ÿ π „π‚§√ß°“√µà “ ßÊ†‡ªì π Õ¬à “ ß¡“°„π†2-3†ªï ∑’Ë ºà “ π†∫√‘ …— ∑ “¡“√∂¥”√ß Õ— µ √“ à « πÀπ’È ‘ π ∑’Ë ¡’ ¿ “√–¥Õ°‡∫’È ¬ ÿ ∑ ∏‘ µà Õ à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π „Àâ ‡ ªì π ‰ªµ“¡π‚¬∫“¬¢Õß∫√‘ …— ∑ †´÷Ë ß Õ¬Ÿà „ π√–¥— ∫ ∑’Ë ‰ ¡à ‡ °‘ π †1†‡∑à “ ‚¥¬†≥†«— π ∑’Ë † 31†∏— π «“§¡†2546†∫√‘ …— ∑ ¡’ Õ— µ √“ à « πÀπ’È ‘ π ∑’Ë ¡’ ¿ “√–¥Õ°‡∫’È ¬ ÿ ∑ ∏‘ µà Õ à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π †‡∑à “ °— ∫ †0.7†‡∑à “ ‡ªì π º≈¡“®“°°“√‡æ‘Ë ¡ ∑ÿ π ‚¥¬°“√ÕÕ°Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ · ª≈ß ¿“æ‡ªì π Àÿâ π “¡— ≠ ¡Ÿ ≈ §à “ √«¡†1,000†≈â “ π∫“∑†°“√‡æ‘Ë ¡ ¢÷È π ¢Õß °√–· ‡ß‘ π ¥®“°°“√¥”‡π‘ π ß“π¢Õß‚§√ß°“√„À¡à † ·≈–°“√®à “ ¬™”√–§◊ π ‡ß‘ π °Ÿâ ® “°°“√ª√— ∫ ‚§√ß √â “ ßÀπ’È ¢ Õß∫√‘ …— ∑ ‡´Á π ∑√— ≈ †‡æ≈¬å † ·≈π¥å † ®”°— ¥ †°à Õ π°”Àπ¥„π‰µ√¡“ ∑’Ë ’Ë ¢ Õßªï † 2546

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Analysis of Financial Statements

Performance for the year 2003 Revenue Consolidated†revenue†of†the†Company†and†subsidiaries†in†2003†amounted†to†5,506.5†MB., increased†by†1,733.1†MB.†or†46.0%†from†2002.†It†was†mainly†due†to†higher†rental†and†service†income which†account†for†1,479.1†MB.†or†44.0%.†This†included†rental†and†service†income†from†Central†Plaza Rama†2,†Central†World†Plaza†and†Central†Airport†Plaza†Chiangmai†Phase2B.†There†were†also†higher occupancy†rate†and†increase†in†salable†space†for†Cinema†operator†at†Central†Plaza†Pinklao†and†Central City†Bangna,†opening†of†beauty center,†bank†office,†fashion†stores,†IT†zone†and†mobile†phone†zone†in†all existing†projects.†Moreover,†rental†income†from†percentage†of†tenantsû†sales†contract†and†income†from promotion†activities†at†common†areas†also†increase,†especially†Central†Plaza†Lardprao,†Pinklao†and Pattaya.†Sales†of†food†and†beverage†for†2003†were†also†higher†Y-O-Y†by†92.0†MB.†or†36.9%†which†were mainly†came†from†food†center†at†Central†Plaza†Rama†2†and†Central†World†Plaza,†as†well†as†higher†traffic from†renovation†of†food†center†at†Central†City†Bangna†and†Central†Airport†Plaza†Chiangmai.†Other†income for†the†year†2003†was†higher†Y-O-Y†by†162†MB.†or†99.2%†due†to†gain†from†early†repayment†of†restructured debt of Central Play Land Co., Ltd. amounted to 67.4 MB. Cost and Administrative expenses Consolidated†cost†and†expenses†of†the†Company†and†subsidiaries†in†2003†amounted†to 2,819.1†MB.†and†804.6†MB.†which†increased†from†2002†by†1,098.7†MB.†(63.9%)†and†183.1†MB.†(29.5%) respectively.†It†was†mainly†due†to†land†lease†cost,†depreciation,†property†tax†and†insurance†of†Central Plaza†Rama†2†and†Central†World†Plaza.†Administrative†expenses†was†also†higher†from†new†projects and†advertising†expenses†for†grand†opening†of†Central†Airport†Plaza†Chiangmai†Phase2B†and†relaunch of Central City Bangna. Operating profit and Net income Consolidated†operating†profit†and†net†income†for†the†year†2003†was†1,916.3†MB.†and 1,196.9†MB.†which†increased†from†2002†by†500†MB.†(35.3%)†and†249†MB.†(26.3%)†respectively.†This was†mainly†contribution†from†new†projects†as†mentioned†above†while†there†was†tax†expenses†amounted to†97.9†MB†incurred†only†in†2002.†As†a†result,†earnings†per†share†in†2003†was†2.99†Baht/Share, which increased from†2.57 Baht/Share in 2002.

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Financial Position†as†at†the†year†ended†December†31,†2003 Assets As†at†December†31,†2003,†consolidated†assets†were†23,549.9†MB,†increased†from†December 31,†2002†by†2,176.8†MB.†or†10.2%†mainly†came†from†development†and†renovation†of†Central†World Plaza,†acquisition†cost†of†Siam†Jusco†Rattanathibet,†renovation†of†Central†City†Bangna†and†construction and land†cost†of†Central†Airport†Plaza†Chiangmai†Phase2B.†Current†assets†increased†by†1,063.4†MB. or†60.5%†due†to†higher†cash†and†cash†equivalent†from†cash†flow†from†operation†and†higher†short-term investment†in†mutual†fund.†Accounts†receivable†was†lower†than†last†year†due†to†a†more†efficient collection especially at Central Plaza Rama2 Liabilities In†2003,†consolidated†liabilities†were†15,594.3†MB,†increased†from†2002†by†259.9†MB.†or 1.7%†due†to†more†long†term†borrowing†to†refinance†short†term†borrowing†carried†over†from†last†year. The†Company†has†set†up†the†property†funds,†Thai†Business†Fund†4†for†Central†World†Plaza,†and†Thai Business†Fund†5†for†Central†City†Bangna†and†drawndown†loan†of†Central†Airport†Plaza†Chiangmai Phase†2B†and†Central†Plaza†Rama†2.†As†a†result,†long†term†loan†increased†from†3,453.1†MB†in†2002 to†6,961.6†MB†at†the†end†of†2003,†while†current†portion†of†long†term†loan†decreased†from†4,085.5†MB in†2002†to†1,033.5†MB†in†2003.†The†Company†also†repaid†the†long-term†loan†from†related†parties amounted†to†43.5†MB.†Guarantee†for†leasehold†right†decreased†from†last†year†due†to†completion†of transfer†of†long†term†lease†contract†of†Central†Plaza†Rama†2†to†tenants†during†2003.†Contractor†payable at†the†end†of†year†2003†was†lower†than†last†year†because†construction†work†of†Central†Plaza†Rama†2, Central†Airport†Plaza†Chiangmai†Phase2B†and†Central†City†Bangna†has†mostly†been†completed†within the†year†2003.†Unearned†income†and†deposits†received†from†customers†in†2003†increased†from†2002 due†to opening of Central Airport Plaza†Chiangmai†Phase2B. Shareholderûs Equity Shareholdersû†equity†as†at†December†31,†2003†was†7,955.6†MB.,†higher†from†the†end†of†2002 by†1,916.9†MB.†This†were†mainly†due†to†net†income†of†the†year†2003†and†increase†in†share†capital†from issuance†of†35,714,200†convertible†preferred†stock†worth†1,000†MB†sold†to†Thailand†Equity†Fund†at 28†Baht/share.†This†fund†was†joinly†owned†by†International†Finance†Corporation†(IFC),†California†Public Employees†Retirement†System†(CalPERS)†and†Asian†Development†Bank,†etc.†Dividend†from†net†profit of 2002 was paid on May†17, 2003 amounted to 400 MB.

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Cash Flow Status and Financial Leverage for the year 2003 Consolidated†cash†flow†from†operation†for†2003†totaling†3,164†MB.,†higher†than†2,426.9†MB. of†2002†by†737.1†MB.†(30.4%),†was†due†to†higher†cash†flow†from†operation†of†Central†Plaza†Rama†2, Central†World Plaza, and Central Airport Plaza Chiangmai Phase2B. Cash†flow†for†investment†for†2003†amounted†to†2,849.7†MB.,†decreased†from†2002†by 3,308.1†MB.†(53.7%)†due†to†there†were†acquisition†of†Central†World†Plaza†and†construction†cost†of Central†Plaza†Rama†2†in†2002.†While†there†were†only†renovation†of†Central†World†Plaza,†construction cost†of†Central†Airport†Plaza†Chiangmai†Phase†2B,†and†acquisition†cost†of†Siam†Jusco†Rattanathibet†in†2003. Cash†flow†from†financing†activities†for†2003†amounted†to†1,203.8†MB.,†decreased†from†3,265.9 MB.†of†last†year†by†2,062†MB.†(63.1%)†due†to†early†repayment†of†restructured†debt†of†Central†Play†Land Co.,†Ltd.†and†repayment†of†project†financing†loan†of†Central†Plaza†Rama†2†and†short†term†bill†of†exchange. Although†the†company†has†expanded†business†continuously†during†in†the†past†2-3†years,†its net†interest†bearing†debt†to†total†equity†ratio†(net†gearing†ratio)†could†be†maintained†in†accordance with†its†policy†which†is†less†than†1†time.†As†a†December†2003,†net†gearing†ratio†was†reduced†to†0.7 times,†which†was†mainly†due†to†capital†increase†by†issuance†of†convertible†preferred†stock†of†1,000†MB, higher†cash†flow†from†operation†contributed†by†new†projects†as†well†as†early†repayment†of†restructured debt of Central Play Land Co.,†Ltd.†in†Q4/2003.

∫√‘…—∑‡´Áπ∑√—≈æ—≤π“†®Ì“°—¥†(¡À“™π)†·≈–∫√‘…—∑¬àÕ¬ ß∫°“√‡ß‘π·≈–ß∫°“√‡ß‘π√«¡ Ì“À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë†31†∏—π«“§¡†2546†·≈–†2545 ·≈– √“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ

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√“¬ß“π¢ÕßºŸâ Õ∫∫— ≠ ™’ √— ∫ Õπÿ ≠ “µ

‡ πÕ

ºŸâ∂◊ÕÀÿâπ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π)

¢â “ æ‡®â “ ‰¥â µ √«® Õ∫ß∫¥ÿ ≈ √«¡·≈–ß∫¥ÿ ≈ ‡©æ“–∫√‘ …— ∑ †≥†«— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†·≈–†æ.».†2545 ß∫°”‰√¢“¥∑ÿ π √«¡·≈–ß∫°”‰√¢“¥∑ÿ π ‡©æ“–∫√‘ …— ∑ †ß∫· ¥ß°“√‡ª≈’Ë ¬ π·ª≈ß„π à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π √«¡·≈–ß∫· ¥ß°“√ ‡ª≈’Ë ¬ π·ª≈ß„π à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π ‡©æ“–∫√‘ …— ∑ †·≈–ß∫°√–· ‡ß‘ π ¥√«¡·≈–ß∫°√–· ‡ß‘ π ¥‡©æ“–∫√‘ …— ∑ † ”À√— ∫ ªï ‘È π ÿ ¥ «— π ‡¥’ ¬ «°— π ¢Õß·µà ≈ –ªï ∑’Ë · π∫¡“π’È ¢ Õß∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†·≈–∫√‘ …— ∑ ¬à Õ ¬·≈–¢Õß‡©æ“–∫√‘ …— ∑ ‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†µ“¡≈”¥— ∫ †´÷Ë ß ºŸâ ∫ √‘ À “√¢Õß°‘ ® °“√‡ªì π ºŸâ √— ∫ º‘ ¥ ™Õ∫µà Õ §«“¡∂Ÿ ° µâ Õ ß·≈–§√∫∂â « π¢Õß¢â Õ ¡Ÿ ≈ „πß∫°“√‡ß‘π‡À≈à“π’È† à«π¢â“æ‡®â“‡ªìπºŸâ√—∫º‘¥™Õ∫„π°“√· ¥ß§«“¡‡ÀÁπµàÕß∫°“√‡ß‘π¥—ß°≈à“«®“°º≈°“√µ√«® Õ∫¢Õß¢â“æ‡®â“ ¢â “ æ‡®â “ ‰¥â ª Ø‘ ∫— µ‘ ß “πµ√«® Õ∫µ“¡¡“µ√∞“π°“√ Õ∫∫— ≠ ™’ ∑’Ë √— ∫ √Õß∑—Ë « ‰ª†´÷Ë ß °”Àπ¥„Àâ ¢â “ æ‡®â “ µâ Õ ß«“ß·ºπ·≈– ªØ‘ ∫— µ‘ ß “π‡æ◊Ë Õ „Àâ ‰ ¥â § «“¡‡™◊Ë Õ ¡—Ë π Õ¬à “ ß¡’ ‡ Àµÿ º ≈«à “ †ß∫°“√‡ß‘ π · ¥ß¢â Õ ¡Ÿ ≈ ∑’Ë ¢— ¥ µà Õ ¢â Õ ‡∑Á ® ®√‘ ß Õ— π ‡ªì π “√– ”§— ≠ À√◊ Õ ‰¡à °“√µ√«® Õ∫√«¡∂÷ ß °“√„™â «‘ ∏’ ° “√∑¥ Õ∫À≈— ° ∞“πª√–°Õ∫√“¬°“√∑—È ß ∑’Ë ‡ ªì π ®”π«π‡ß‘ π ·≈–°“√‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ „πß∫°“√‡ß‘ π °“√ª√–‡¡‘π§«“¡‡À¡“– ¡¢ÕßÀ≈—°°“√∫—≠™’∑’Ë°‘®°“√„™â·≈–ª√–¡“≥°“√‡°’Ë¬«°—∫√“¬°“√∑“ß°“√‡ß‘π∑’Ë‡ªìπ “√– ”§—≠†´÷ËßºŸâ∫√‘À“√ ‡ªìπºŸâ®—¥∑”¢÷Èπ µ≈Õ¥®π°“√ª√–‡¡‘π∂÷ß§«“¡‡À¡“– ¡¢Õß°“√· ¥ß√“¬°“√∑’Ëπ”‡ πÕ„πß∫°“√‡ß‘π‚¥¬√«¡†¢â“æ‡®â“‡™◊ËÕ«à“ °“√µ√«® Õ∫¥—ß°≈à“«„Àâ¢âÕ √ÿª∑’Ë‡ªìπ‡°≥±åÕ¬à“ß‡À¡“– ¡„π°“√· ¥ß§«“¡‡ÀÁπ¢Õß¢â“æ‡®â“ ¢â“æ‡®â“‡ÀÁπ«à“†ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑¢â“ßµâππ’È†· ¥ß∞“π–°“√‡ß‘π√«¡·≈–∞“π–°“√‡ß‘π‡©æ“– ∫√‘…—∑†≥†«—π∑’Ë†31†∏—π«“§¡†æ.».†2546†·≈–†æ.».†2545†º≈°“√¥”‡π‘πß“π√«¡·≈–º≈°“√¥”‡π‘πß“π‡©æ“–∫√‘…—∑†·≈– °√–· ‡ß‘π ¥√«¡·≈–°√–· ‡ß‘π ¥‡©æ“–∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π¢Õß·µà≈–ªï¢Õß∫√‘…—∑†‡´Áπ∑√—≈æ—≤π“†®”°—¥†(¡À“™π) ·≈–∫√‘ …— ∑ ¬à Õ ¬·≈–¢Õß‡©æ“–∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†µ“¡≈”¥— ∫ †‚¥¬∂Ÿ ° µâ Õ ßµ“¡∑’Ë § «√„π “√– ”§— ≠ µ“¡ À≈— ° °“√∫— ≠ ™’ ∑’Ë √— ∫ √Õß∑—Ë « ‰ª

∫ÿ ≠ ¡’ † ß¥ß“¡«ß»å ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ ‡≈¢∑’Ë 3673 ∫√‘…—∑ ‰æ√â´«Õ‡µÕ√å‡Œ“ å§Ÿ‡ªÕ√å ‡Õ∫’‡Õ‡Õ ®”°—¥ °√ÿß‡∑æ¡À“π§√ 25 °ÿ¡¿“æ—π∏å æ.». 2547

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133

∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)

ß∫¥ÿ ≈ ≥†«—π∑’Ë†31†∏—π«“§¡†æ.».†2546†·≈–†2545

∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

À¡“¬‡Àµÿ

‘π∑√—æ¬å ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π≈ß∑ÿπ™—«Ë §√“« ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ ‡ß‘π„Àâ°Ÿâ¬◊¡·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π

3 4 5 27 6

1,816,542,474 462,900,581 105,781,692 16,193,666 420,971,920 2,822,390,333

1,128,069,801 145,083,415 114,096,628 13,092,816 358,677,242 1,759,019,902

296,898,204 102,279,589 52,009,719 189,199,624 112,965,898 753,353,034

618,863,978 990,000 50,959,566 1,212,492,275 148,407,508 2,031,713,327

27 7 8 9 10 11 12

22,131,838 254,453,841 20,342,164,655 108,732,048 20,727,482,382

27,736,064 22,791,887 163,693,275 19,331,913,236 67,965,416 19,614,099,878

2,018,488,328 7,826,126,893 1,000,000 149,630,266 2,742,083,387 63,916,088 12,801,244,962

3,531,561,470 6,772,682,952 1,000,000 136,772,190 2,875,575,752 68,001,661 13,385,594,025

23,549,872,715

21,373,119,780

13,554,597,996

15,417,307,352

‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π ‡ß‘π„Àâ°Ÿâ¬◊¡·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡§â“ ‡ß‘π≈ß∑ÿπÕ◊πË - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π - ∫√‘…—∑Õ◊Ëπ ¿“…’‡ß‘π‰¥â√Õ°“√µ—¥∫—≠™’ ∑’Ë¥‘π Õ“§“√ ·≈–Õÿª°√≥å - ÿ∑∏‘ ‘π∑√—æ¬åÕ◊Ëπ √«¡ ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π

√«¡ ‘π∑√—æ¬å

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

PAGE

134

∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)

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∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

11,174,174 1,105,865

10,411,346 457,188

2,579,169

2,187,300

2,740,265

1,294,155

704,531,608

1,222,103,147

1,033,469,200 186,915,924 141,366,846 2,269,082,448 3,645,854,722

4,085,495,155 127,814,204 752,817,722 2,160,531,025 7,138,820,795

611,590,000 157,221,339 4,139,684 250,879,530 1,730,941,330

3,495,135,587 106,843,243 6,831,502 328,467,706 5,161,568,485

‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π 27 ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« 13 √“¬‰¥â§à“‡™à“·≈–§à“∫√‘°“√√—∫≈à«ßÀπâ“ ‡ß‘π¡—¥®”√—∫®“°≈Ÿ°§â“ ‡ß‘π§È”ª√–°—π ‘∑∏‘°“√‡™à“ √«¡Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π

6,961,609,123 3,531,772,007 1,408,120,987 46,894,659 11,948,396,776

43,300,000 3,453,066,060 3,310,665,685 1,197,063,627 191,487,512 8,195,582,884

1,346,515,849 846,150,769 1,349,997,397 681,087,186 4,313,843 4,228,065,044

1,532,735,849 810,692,943 1,490,622,648 619,923,713 4,313,843 4,458,288,996

√«¡Àπ’ È π‘

15,594,251,498

15,334,403,679

5,959,006,374

9,619,857,481

À¡“¬‡Àµÿ

Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ Àπ’È ‘πÀ¡ÿπ‡«’¬π ‡ß‘π‡∫‘°‡°‘π∫—≠™’∏π“§“√·≈–‡ß‘π°Ÿâ¬◊¡ ®“° ∂“∫—π°“√‡ß‘π ‡®â“Àπ’È°“√§â“ ‡ß‘π°Ÿâ¬◊¡®“°°‘®°“√·≈–∫ÿ§§≈ ∑’Ë‡°’Ë¬«¢âÕß°—π à«π¢Õß‡ß‘π°Ÿâ¬◊¡√–¬–¬“«∑’Ë∂÷ß°”Àπ¥ ™”√–¿“¬„πÀπ÷Ëßªï ¿“…’‡ß‘π‰¥â§“â ß®à“¬ ‡®â“Àπ’ÈºŸâ√—∫‡À¡“°àÕ √â“ß Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡Àπ’È ‘πÀ¡ÿπ‡«’¬π

Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

PAGE

135

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∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

À¡“¬‡Àµÿ

Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«π¢ÕßºŸâ∂◊ÕÀÿâπ ∑ÿπ‡√◊ÕπÀÿπâ ∑ÿπ®¥∑–‡∫’¬π

2,178,816,000

2,000,245,000

2,178,816,000

2,000,245,000

15 15 2.9

2,178,816,000 2,007,565,850 112,594,465

2,000,245,000 1,186,139,250 112,594,465

2,178,816,000 2,007,565,850 112,594,465

2,000,245,000 1,186,139,250 112,594,465

1,254,233

35,356)

1,254,233

à«π¢ÕßºŸ∂â Õ◊ Àÿπâ à«ππâÕ¬

200,024,500 3,095,336,574 7,595,591,622 360,029,595

121,000,000 2,377,506,512 5,797,449,871 241,266,230

200,024,500 3,095,336,574 7,595,591,622 -

121,000,000 2,377,506,512 5,797,449,871 -

√«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ

7,955,621,217

6,038,716,101

7,595,591,622

5,797,449,871

23,549,872,715

21,373,119,780

13,554,597,996

15,417,307,352

∑ÿπ∑’ËÕÕ°·≈–™”√–·≈â« à«π‡°‘π¡Ÿ≈§à“Àÿâπ §à“§«“¡π‘¬¡µ‘¥≈∫ °”‰√ (¢“¥∑ÿπ) ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ¢Õß ‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å‡º◊ËÕ¢“¬ °”‰√ – ¡ ®—¥ √√·≈â«- ”√Õßµ“¡°ÆÀ¡“¬ ¬—ß‰¡à ‰¥â®—¥ √√

√«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ∫√‘…—∑„À≠à

√«¡Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ

(

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35,356)

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À¡“¬‡Àµÿ

√“¬‰¥â √“¬‰¥â®“°§à“‡™à“·≈–§à“∫√‘°“√ √“¬‰¥â®“°°“√¢“¬Õ“À“√·≈–‡§√◊ËÕß¥◊Ë¡ µâπ∑ÿπ§à“‡™à“·≈–§à“∫√‘°“√ µâπ∑ÿπÕ“À“√·≈–‡§√◊ËÕß¥◊Ë¡

°”‰√¢—Èπµâπ §à“„™â®à“¬„π°“√∫√‘À“√

°”‰√®“°°“√„Àâ‡™à“ °“√¢“¬·≈–∫√‘°“√ ¥Õ°‡∫’¬È √—∫ √“¬‰¥âÕπ◊Ë ¿“…’¡Ÿ≈§à“‡æ‘Ë¡·≈–¿“…’Õ◊ËπÊ §à“µÕ∫·∑π°√√¡°“√

17 19

°”‰√®“°°“√¥”‡π‘πß“π

à«π·∫àßº≈°”‰√®“°‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ·≈–°‘®°“√√à«¡§â“µ“¡«‘∏’ à«π‰¥â‡ ’¬ 7

°”‰√°àÕπ¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â

4,839,687,434 341,520,501 (2,563,331,276) ( 255,788,454) 2,362,088,205 ( 802,780,098) 1,559,308,107 33,486,390 325,328,148 ( 1,807,088) 1,916,315,557

3,360,565,832 249,493,053 (1,532,221,484) ( 188,155,474) 1,889,681,927 ( 620,067,917) 1,269,614,010 82,557,012 163,342,922 ( 97,853,114) ( 1,387,000) 1,416,273,830

2,009,269,706 ( 715,933,865) 1,293,335,841 ( 402,598,977) 890,736,864 46,935,150 279,751,013 ( 1,807,088) 1,215,615,939

1,863,952,251 ( 633,247,831) 1,230,704,420 ( 414,548,895) 816,155,525 79,971,308 135,248,210 ( 64,177,119) ( 1,387,000) 965,810,924

1,916,315,557

1,416,273,830

551,631,198 1,767,247,137

453,382,579 1,419,193,503

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

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∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)

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À¡“¬‡Àµÿ °”‰√°àÕπ¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â ¥Õ°‡∫’¬È ®à“¬ ¿“…’‡ß‘π‰¥â °”‰√À≈—ß¿“…’‡ß‘π‰¥â (°”‰√) ¢“¥∑ÿπ¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ „π∫√‘…—∑¬àÕ¬ °”‰√®“°°“√¥”‡π‘πß“πª°µ‘ √“¬°“√æ‘‡»… °”‰√ ÿ∑∏‘ ”À√—∫ªï

18 20

1,916,315,557 ( 400,249,837) ( 321,505,808) 1,194,559,912

1,416,273,830 ( 282,838,968) ( 254,382,791) 879,052,071

1,767,247,137 ( 248,864,767) ( 321,505,808) 1,196,876,562

1,419,193,503 ( 216,952,156) ( 254,382,791) 947,858,556

2,316,650 1,196,876,562

(28,709,384) 850,342,687 97,515,869 947,858,556

1,196,876,562 1,196,876,562

947,858,556 947,858,556

21 1,196,876,562

°”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π (∫“∑) °”‰√®“°°“√¥”‡π‘πß“πª°µ‘ √“¬°“√æ‘‡»… °”‰√ ÿ∑∏‘ ”À√—∫ªï

°”‰√µàÕÀÿâπª√—∫≈¥ (∫“∑) °”‰√ ÿ∑∏‘ ”À√—∫ªï

2.99

(ª√—∫„À¡à) 2.31 0.26 2.57

2.87

2.99 -

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

2.99

(ª√—∫„À¡à) 2.57 2.57

2.87

2.99 -

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ß∫· ¥ß°“√‡ª≈’Ë ¬ π·ª≈ß„π à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π Ì “ À√— ∫ ªï ‘È π ÿ ¥ «— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†·≈–†2545

∑ÿπ‡√◊ÕπÀÿâπ ∑’ÕË Õ° ·≈–™Ì“√–·≈â«

¬Õ¥§ß‡À≈◊Õµâπß«¥ æ.». 2546 °“√‡ª≈’¬Ë π·ª≈ß „π¡Ÿ≈§à“¬ÿµ∏‘ √√¡ °”‰√ ÿ∑∏‘ ”À√—∫ªï ‡ß‘πªíπº≈ (À¡“¬‡Àµÿ 23) Àÿπâ ∫ÿ√¡‘ ‘∑∏‘ (À¡“¬‡Àµÿ 15) ‡æ‘¡Ë ∑ÿπ

à«π‡°‘π ¡Ÿ≈§à“Àÿπâ

∫“∑ ß∫°“√‡ß‘π√«¡ °Ì“‰√ (¢“¥∑ÿπ) §à“§«“¡π‘¬¡ ∑’Ë¬—ß‰¡à‡°‘¥¢Õß Ì“√Õß °Ì“‰√ – ¡ µ‘¥≈∫ À≈—°∑√—æ¬å µ“¡°ÆÀ¡“¬ ¬—ß‰¡à®—¥ √√ ‡º◊ËÕ¢“¬

2,000,245,000 1,186,139,250 112,594,465 -

178,571,000 821,426,600 -

¬Õ¥§ß‡À≈◊Õª≈“¬ß«¥ 31 ∏—π«“§¡ æ.». 2546 2,178,816,000 2,007,565,850 112,594,465 ¬Õ¥§ß‡À≈◊Õµâπß«¥ æ.». 2545

1,000,122,500 1,186,139,250 112,594,465

°“√‡ª≈’¬Ë π·ª≈ß „π¡Ÿ≈§à“¬ÿµ∏‘ √√¡ °”‰√ ÿ∑∏‘ ”À√—∫ªï ‡ß‘πªíπº≈ (À¡“¬‡Àµÿ 23) Àÿπâ “¡—≠ (À¡“¬‡Àµÿ 15) 1,000,122,500 ´◊ÕÈ °‘®°“√ ¬Õ¥§ß‡À≈◊Õª≈“¬ß«¥ 31 ∏—π«“§¡ æ.». 2545 2,000,245,000 1,186,139,250 112,594,465

ºŸâ∂◊ÕÀÿâπ à«ππâÕ¬

√«¡

(35,356) 121,000,000 2,377,506,512 241,266,230 6,038,706,101 1,289,589 -

- 1,196,876,562 (2,316,650) - (400,022,000) 121,080,015

1,289,589 1,194,559,912 (400,022,000) 999,997,600 121,080,015

1,254,233 200,024,500 3,095,336,574 360,029,595 7,955,621,217 (1,467,578) 121,000,000 1,704,681,643 106,539,768 4,229,610,048 1,432,222 -

947,858,556 28,709,384 - (275,033,687) 106,017,078

1,432,222 976,567,940 (275,033,687) 1,000,122,500 106,017,078

(35,356) 121,000,000 2,377,506,512 214,266,230 6,038,716,101

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

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∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)

ß∫· ¥ß°“√‡ª≈’Ë ¬ π·ª≈ß„π à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π Ì “ À√— ∫ ªï ‘È π ÿ ¥ «— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†·≈–†2545 ∫“∑

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ °Ì“‰√ (¢“¥∑ÿπ) ∑ÿπ‡√◊ÕπÀÿâπ ∑’¬Ë ß— ‰¡à‡°‘¥¢Õß Ì“√Õß °Ì“‰√ – ¡ ∑’ËÕÕ°·≈– à«π‡°‘π §à“§«“¡π‘¬¡ À≈—°∑√—æ¬å µ“¡°ÆÀ¡“¬ ¬—ß‰¡à®—¥ √√ ¢Ì“√–·≈â« ¡Ÿ≈§à“Àÿâπ µ‘¥≈∫ ‡º◊ËÕ¢“¬

¬Õ¥§ß‡À≈◊Õµâπß«¥ æ.». 2546 °“√‡ª≈’Ë¬π·ª≈ß„π¡Ÿ≈§à“¬ÿµ‘∏√√¡ Ì“√Õß√–À«à“ßªï (À¡“¬‡Àµÿ 16) °”‰√ ÿ∑∏‘ ”À√—∫ªï ‡ß‘πªíπº≈ (À¡“¬‡Àµÿ 23) Àÿâπ∫ÿ√‘¡ ‘∑∏‘ (À¡“¬‡Àµÿ 15)

2,000,245,000 1,186,139,250 112,594,465 178,571,000 821,426,600 -

(35,356) 121,000,000 1,289,589 79,024,500 -

¬Õ¥§ß‡À≈◊Õª≈“¬ß«¥ 31 ∏—π«“§¡ 2546

2,178,816,000 2,007,565,850 112,594,465

1,254,233 200,024,500 3,095,336,574 7,595,591,622

¬Õ¥§ß‡À≈◊Õµâπß«¥ æ.». 2545

2,377,506,512 (79,024,500) 1,196,876,562 (400,022,000) -

√«¡

°“√‡ª≈’Ë¬π·ª≈ß„π¡Ÿ≈§à“¬ÿµ‘∏√√¡ °”‰√ ÿ∑∏‘ ”À√—∫ªï ‡ß‘πªíπº≈ (À¡“¬‡Àµÿ 23) Àÿâπ “¡—≠ (À¡“¬‡Àµÿ 15)

1,000,122,500 1,186,139,250 112,594,465 (1,467,578) 121,000,000 1,704,681,643 1,432,222 947,858,556 (275,033,687) 1,000,122,500 -

¬Õ¥§ß‡À≈◊Õª≈“¬ß«¥ 31 ∏—π«“§¡ æ.». 2545

2,000,245,000 1,186,139,250 112,594,465

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

5,797,449,871 1,289,589 1,196,876,562 (400,022,000) 999,997,600

4,123,070,280 1,432,222 947,858,556 (275,033,687) 1,000,122,500

(35,356) 121,000,000 2,377,506,512 5,797,449,871

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140

∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)

ß∫°√–· ‡ß‘π ¥ Ì “ À√— ∫ ªï ‘È π ÿ ¥ «— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†·≈–†2545

∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

À¡“¬‡Àµÿ

°√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π ‡ß‘π ¥®“°°“√¥”‡π‘πß“π À—° ‡ß‘π ¥®à“¬ ¥Õ°‡∫’¬È ®à“¬ ¿“…’‡ß‘π‰¥â ‡ß‘π ¥ ÿ∑∏‘®“°°‘®°√√¡¥”‡π‘πß“π

3,163,988,567

2,426,924,032

1,317,563,554

1,195,201,632

( 476,496,406) ( 353,164,653) 2,334,327,508

( 233,592,862) ( 211,978,300) 1,981,352,870

( 290,669,150) ( 248,623,028) 778,271,376

( 252,992,499) ( 166,050,106) 776,159,027

94,071,598 ( 432,400,000) ( 4,901,758) (2,508,281,314)

1,648,825,226 (1,647,366,854) ( 10,000,000) (6,167,314,157)

802,805,913 ( 100,000,000) ( 754,366,854) (1,225,288,220) (4,647,983,194) ( 47,523,737) ( 53,625,824)

1,800,908

( 13,039,771) 5,487,880

(1,230,423,742) (1,773,264,179) 3,761,653,766 823,193,565

°√–· ‡ß‘π ¥®“°°‘®°√√¡≈ß∑ÿπ ‡ß‘π ¥√—∫®“°°“√¢“¬/≈¥‡ß‘π≈ß∑ÿπ™—Ë«§√“« ‡ß‘π ¥®à“¬®“°°“√´◊ÈÕ‡ß‘π≈ß∑ÿπ™—Ë«§√“« 4 ‡ß‘π„Àâ°Ÿâ¬◊¡·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π ¥®à“¬‡æ◊ËÕ´◊ÈÕ∑’Ë¥‘π Õ“§“√ 11

·≈–Õÿ ª °√≥å ‡ß‘π ¥®à“¬‡æ◊ËÕ≈ß∑ÿπ‡æ‘Ë¡„π∫√‘…—∑¬àÕ¬ 7 ‡ß‘π ¥®à“¬≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ ‡ß‘π„Àâ°Ÿâ¬◊¡√—∫™”√–§◊π®“°°‘®°“√ ∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π ¥√—∫®“°°“√¢“¬‡ß‘π≈ß∑ÿπ„π°‘®°“√ ∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π ¥√—∫®“°‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ª√–‡¿∑°Õß∑ÿπÕ —ßÀ“√‘¡∑√—æ¬å 7 ‡ß‘πªíπº≈√—∫ 7

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

(2,849,710,566)

25,650,000 (6,157,757,676)

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

134,498,709 558,749,775 1,851,666,551

75,813,344 254,600,132 (5,272,827,097)

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141

∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)

ß∫°√–· ‡ß‘π ¥ Ì “ À√— ∫ ªï ‘È π ÿ ¥ «— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†·≈–†2545

∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

À¡“¬‡Àµÿ

°√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π ‡ß‘π ¥√—∫®“°‡ß‘π°Ÿâ¬◊¡®“°°‘®°“√ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π ®à“¬™”√–§◊π‡ß‘π°Ÿâ¬◊¡®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π ¥√—∫®“°‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π ‡ß‘π ¥®à“¬§◊π‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π ‡ß‘π ¥√—∫®“°°“√‡æ‘Ë¡∑ÿπ 15 ‡ß‘π ¥√—∫®“°‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ¢ÕßºŸ∂â Õ◊ Àÿπâ à«ππâÕ¬ ‡ß‘πªíπº≈®à“¬„Àâ·°àºŸâ∂◊ÕÀÿâπ ‡ß‘π ¥ ÿ∑∏‘‰¥â¡“ („™â ‰ª) ®“°°‘ ®°√√¡®—¥À“‡ß‘ π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ÿ∑∏‘ ¬Õ¥§ß‡À≈◊Õµâπªï ¬Õ¥§ß‡À≈◊Õª≈“¬ªï

1,720,747

4,982,566

1,419,835,358

1,281,480,000

(43,574,638) 1,865,000,000 (1,340,345,993) 999,997,600

(6,063,195) 4,075,000,000 (1,635,589,887) 1,000,122,500

(2,123,626,898) 570,000,000 (3,418,087,761) 999,997,600

(412,848,633) 3,675,000,000 (1,474,038,766) 1,000,122,500

121,080,015 (400,022,000) 1,203,855,731

102,510,805 (275,033,688) 3,265,929,101

(400,022,000) (2,951,903,701)

(275,033,688) 3,794,681,413

688,472,673 1,128,069,801 1,816,542,474

(910,475,705) 2,038,545,506 1,128,069,801

(321,965,774) 618,863,978 296,898,204

(701,986,657) 1,320,850,635 618,863,978

611,450,876

1,952,817,722

2,691,818

6,831,502

√“¬°“√∑’Ë ‰¡à°√–∑∫‡ß‘π ¥ °‘®°√√¡≈ß∑ÿπ ´◊ÈÕ∑’Ë¥‘π Õ“§“√ ·≈–Õÿª°√≥å ‚¥¬°“√°àÕÀπ’È

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

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∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®Ì “ °— ¥ †(¡À“™π)

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡·≈–°“√ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ Ì “ À√— ∫ ªï ‘È π ÿ ¥ «— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†·≈–†æ.».†2545 1. ¢â Õ¡Ÿ ≈ ∑—Ë « ‰ª ∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†(∫√‘ …— ∑ )†‡ªì π ∫√‘ …— ∑ ¡À“™π®”°— ¥ †´÷Ë ß ®— ¥ µ—È ß ·≈–¥”‡π‘ π ß“πµ“¡∑’Ë Õ ¬Ÿà ∑’Ë ‰ ¥â ®¥∑–‡∫’ ¬ π‰«â ¥— ß π’È 1693†∂ππæÀ≈‚¬∏‘π†·¢«ß≈“¥¬“«†‡¢µ®µÿ®—°√†°√ÿß‡∑æ¡À“π§√ 10900 ∫√‘ …— ∑ ‡ªì π ∫√‘ …— ∑ ®¥∑–‡∫’ ¬ π„πµ≈“¥À≈— ° ∑√— æ ¬å · Àà ß ª√–‡∑»‰∑¬ °“√ª√–°Õ∫°“√∏ÿ√°‘®¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ (°≈ÿà¡∫√‘…—∑) “¡“√∂ √ÿª ‰¥â ¥— ß π’È (1) °àÕ √â“ßÕ“§“√»Ÿπ¬å°“√§â“ Õ“§“√ ”π—°ß“π ÀâÕß™ÿ¥æ—°Õ“»—¬·≈–Õ“§“√√â“π§â“‡æ◊ËÕ„Àâ‡™à“ (2) „Àâ ∫ √‘ ° “√¥â “ π “∏“√≥Ÿ ª ‚¿§¿“¬„π»Ÿ π¬å °“√§â “ (3) ®”Àπà “ ¬Õ“À“√·≈–‡§√◊Ë Õ ß¥◊Ë ¡ ¿“¬„π»Ÿ π ¬å ° “√§â “ (4) „Àâ ∫ √‘ ° “√ «ππÈ” ·≈– «π πÿ ° „π»Ÿ π ¬å ° “√§â “ (5) ≈ß∑ÿ π „πÕ — ß À“√‘ ¡ ∑√— æ ¬å ≥†«—π∑’Ë†31†∏—π«“§¡†æ.».†2546†°≈ÿà¡∫√‘…—∑¡’æπ—°ß“π®”π«πª√–¡“≥†1,503†§π†(æ.».†2545†:†1,127†§π)

2. π‚¬∫“¬°“√∫—≠ ™’ ∑’Ë ”§—≠ π‚¬∫“¬°“√∫— ≠ ™’ ∑’Ë ”§— ≠ ∑’Ë „ ™â „ π°“√®— ¥ ∑”ß∫°“√‡ß‘ π √«¡·≈–ß∫°“√‡ß‘ π ‡©æ“–∫√‘ …— ∑ ¡’ ¥— ß µà Õ ‰ªπ’È 2.1 ‡°≥±å „π°“√®—¥∑”ß∫°“√‡ß‘π ß∫°“√‡ß‘ π √«¡·≈–ß∫°“√‡ß‘ π ‡©æ“–∫√‘ …— ∑ ‰¥â ®— ¥ ∑”¢÷È π µ“¡À≈— ° °“√∫— ≠ ™’ ∑’Ë √— ∫ √Õß∑—Ë « ‰ª¿“¬„µâ æ √–√“™∫— ≠ ≠— µ‘ °“√∫— ≠ ™’ † æ.».†2543†´÷Ë ß À¡“¬§«“¡∂÷ ß ¡“µ√∞“π°“√∫— ≠ ™’ ∑’Ë Õ Õ°‚¥¬ ¡“§¡π— ° ∫— ≠ ™’ · ≈–ºŸâ Õ∫∫— ≠ ™’ √— ∫ Õπÿ ≠ “µ·Àà ß ª√–‡∑»‰∑¬´÷Ë ß §≥–°√√¡°“√§«∫§ÿ ¡ °“√ª√–°Õ∫«‘ ™ “™’ æ Õ∫∫— ≠ ™’ · µà ß µ—È ß ‚¥¬√— ∞ ¡πµ√’ «à “ °“√°√–∑√«ßæ“≥‘ ™ ¬å ¿ “¬„µâ æ√–√“™∫— ≠ ≠— µ‘ ºŸâ Õ∫∫— ≠ ™’ † æ.».†2505†‰¥â ¡’ ¡ µ‘ „ Àâ ª √–°“»„™â · ≈â « †·≈–µ“¡¢â Õ °”Àπ¥¢Õß§≥–°√√¡°“√°”°— ∫ À≈— ° ∑√— æ ¬å · ≈–µ≈“¥À≈— ° ∑√— æ ¬å «à “ ¥â « ¬°“√®— ¥ ∑”·≈–π”‡ πÕ√“¬ß“π∑“ß°“√‡ß‘ π ß∫°“√‡ß‘ π √«¡·≈–ß∫°“√‡ß‘ π ‡©æ“–∫√‘ …— ∑ ‰¥â ®— ¥ ∑”¢÷È π ‚¥¬„™â ‡ °≥±å √ “§“∑ÿ π ‡¥‘ ¡ „π°“√«— ¥ ¡Ÿ ≈ §à “ ¢ÕßÕß§å ª √–°Õ∫ ¢Õßß∫°“√‡ß‘ π †¬°‡«â π ‡ß‘ π ≈ß∑ÿ π ∫“ßª√–‡¿∑´÷Ë ß „™â ¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡µ“¡∑’Ë Õ ∏‘ ∫ “¬„ππ‚¬∫“¬°“√∫— ≠ ™’ ‡æ◊Ë Õ §«“¡ –¥«°¢ÕßºŸâ „ ™â ß ∫°“√‡ß‘ π ‡©æ“–∫√‘ …— ∑ †®÷ ß ‰¥â ¡’ ° “√·ª≈ß∫°“√‡ß‘ π ‡ªì π ¿“…“Õ— ß °ƒ…®“°ß∫°“√‡ß‘ π ∑’Ë ®— ¥ ∑”‡ªì π ¿“…“‰∑¬

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2.2 ß∫°“√‡ß‘π√«¡ °)†∫√‘ …— ∑ ¬à Õ ¬ ∫√‘ …— ∑ ¬à Õ ¬À¡“¬∂÷ ß ∫√‘ …— ∑ ∑’Ë ∫ √‘ …— ∑ „À≠à „ π°≈ÿà ¡ ∫√‘ …— ∑ ¡’ Õ”π“®„π°“√§«∫§ÿ ¡ π‚¬∫“¬°“√‡ß‘ π ·≈–°“√¥”‡π‘ π ß“π ¢Õß∫√‘ …— ∑ ¬à Õ ¬†∫√‘ …— ∑ ¬à Õ ¬¥— ß °≈à “ «‰¥â ∂Ÿ ° π”¡“√«¡„π°“√®— ¥ ∑”ß∫°“√‡ß‘ π ‚¥¬‡√‘Ë ¡ µ—È ß ·µà «— π ∑’Ë ∫ √‘ …— ∑ „À≠à ¡’ Õ”π“®§«∫§ÿ ¡ ®π∂÷ß«—π∑’Ë∫√‘…—∑„À≠à Ÿ≠‡ ’¬Õ”π“®„π°“√§«∫§ÿ¡∫√‘…—∑¬àÕ¬†√“¬°“√·≈–¬Õ¥§ß‡À≈◊Õ√–À«à“ß°≈ÿà¡∫√‘…—∑†µ≈Õ¥®π°”‰√ ∑’Ë ¬— ß ‰¡à ‡ °‘ ¥ ¢÷È π ‰¥â µ— ¥ ÕÕ°®“°ß∫°“√‡ß‘ π √«¡π’È · ≈â « ¢“¥∑ÿ π ∑’Ë ¬— ß ‰¡à ‡ °‘ ¥ ¢÷È π ®–∂Ÿ ° µ— ¥ ÕÕ°®“°ß∫°“√‡ß‘ π √«¡π’È ¬ °‡«â π √“¬°“√¢“¥∑ÿ π ∑’Ë ‰ ¡à Õ “®‰¥â √— ∫ §◊ π †π‚¬∫“¬°“√∫— ≠ ™’ ”À√— ∫ ∫√‘ …— ∑ ¬à Õ ¬®–¡’ ° “√ª√— ∫ ª√ÿ ß †‡æ◊Ë Õ „Àâ „ ™â π ‚¬∫“¬°“√∫— ≠ ™’ ‡¥’ ¬ «°— π °— ∫ °≈ÿà ¡ ∫√‘ …— ∑ „π°“√®— ¥ ∑”ß∫°“√‡ß‘ π √«¡†ºŸâ ∂◊ Õ Àÿâ π à « ππâ Õ ¬®–∂Ÿ ° · ¥ß‡ªì π √“¬°“√·¬°µà “ ßÀ“°„πß∫¥ÿ ≈ √«¡ ·≈–ß∫°”‰√¢“¥∑ÿπ√«¡ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬· ¥ß„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‚¥¬„™â«‘∏’ à«π‰¥â‡ ’¬†°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ∂â “ ¡’ ® –∫— π ∑÷ ° ‡ªì π §à “ ‡º◊Ë Õ °“√ª√— ∫ ¡Ÿ ≈ §à “ ‡ß‘ π ≈ß∑ÿ π †«‘ ∏’ à « π‰¥â ‡ ’ ¬ ‡ªì π °“√∑’Ë ∫ √‘ …— ∑ √— ∫ √Ÿâ à « π·∫à ß °”‰√À√◊ Õ ¢“¥∑ÿ π ”À√— ∫ ªï ¢Õß∫√‘…—∑¬àÕ¬†¥—ßπ—Èπ¡Ÿ≈§à“¢Õß‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬∑’Ë· ¥ß„πß∫¥ÿ≈‡©æ“–¢Õß∫√‘…—∑ –∑âÕπ„Àâ‡ÀÁπ∂÷ß à«π·∫àß¢Õß ‘ π ∑√— æ ¬å ÿ ∑ ∏‘ „ π∫√‘ …— ∑ ¬à Õ ¬†´÷Ë ß √«¡§à “ §«“¡π‘ ¬ ¡µ‘ ¥ ≈∫∑’Ë ‡ °‘ ¥ ®“°°“√≈ß∑ÿ π √“¬™◊Ë Õ ¢Õß∫√‘ …— ∑ ¬à Õ ¬¢Õß°≈ÿà ¡ ∫√‘ …— ∑ ‰¥â ‡ ªî ¥ ‡º¬‰«â „πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 28 ¢)† à « π‰¥â ‡ ’ ¬ „π°‘ ® °“√√à « ¡§â “ ‡ß‘π≈ß∑ÿπ„π°‘®°“√∑’Ë§«∫§ÿ¡√à«¡°—π· ¥ß„πß∫°“√‡ß‘π√«¡‚¥¬«‘∏’√«¡µ“¡ —¥ à«π†´÷Ëß‡ªìπ«‘∏’∑’Ë°≈ÿà¡∫√‘…—∑√«¡ à«π·∫àß √“¬‰¥â † §à “ „™â ®à “ ¬† ‘ π ∑√— æ ¬å † Àπ’È ‘ π ·≈–°√–· ‡ß‘ π ¥¢Õß°‘ ® °“√√à « ¡§â “ ·µà ≈ –√“¬°“√„πß∫°“√‡ß‘ π ‡ß‘ π ≈ß∑ÿ π „π°‘ ® °“√∑’Ë § «∫§ÿ ¡ √à « ¡°— π · ¥ß„πß∫°“√‡ß‘ π ‡©æ“–∫√‘ …— ∑ ‚¥¬„™â «‘ ∏’ à « π‰¥â ‡ ’ ¬ 2.3 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥· ¥ß„πß∫¥ÿ≈µ“¡√“§“∑ÿπ†‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ª√–°Õ∫¥â«¬ ‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√ª√–‡¿∑®à“¬§◊π‡¡◊ËÕ∑«ß∂“¡†√«¡∑—Èß‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’°”Àπ¥√–¬–‡«≈“‰∂à∂Õπ§◊π ‡∑à “ °— ∫ À√◊ Õ πâ Õ ¬°«à “ †3†‡¥◊ Õ π†·≈–‡ß‘ π ≈ß∑ÿ π √–¬– —È π Õ◊Ë π ∑’Ë ¡’ ¿“æ§≈à Õ ß„π°“√‡ª≈’Ë ¬ π¡◊ Õ 2.4 ≈Ÿ ° Àπ’È ° “√§â “ ≈Ÿ ° Àπ’È ° “√§â “ · ¥ß¥â « ¬¡Ÿ ≈ §à “ µ“¡„∫·®â ß Àπ’È À— ° §à “ ‡º◊Ë Õ Àπ’È ß — ¬ ®– Ÿ ≠ †°≈ÿà ¡ ∫√‘ …— ∑ ª√–¡“≥§à “ ‡º◊Ë Õ Àπ’È ß — ¬ ®– Ÿ ≠ ‚¥¬Õ“»— ¬ °“√ª√–‡¡‘ π º≈¢ÕßΩÉ “ ¬∫√‘ À “√‡°’Ë ¬ «°— ∫ §«“¡ Ÿ ≠ ‡ ’ ¬ ∑’Ë Õ “®®–‡°‘ ¥ ¢÷È π ®“°¬Õ¥≈Ÿ ° Àπ’È ∑’Ë § ß§â “ ßÕ¬Ÿà † ≥†«— π ‘È π ß«¥ °“√ª√–‡¡‘π¥—ß°≈à“«†‰¥â§”π÷ß∂÷ßª√– ∫°“√≥å°“√™”√–‡ß‘π„πÕ¥’µ ‡ß‘π¡—¥®”√—∫®“°≈Ÿ°§â“·≈–ªí®®—¬Õ¬à“ßÕ◊Ëπ µ≈Õ¥®π ¿“«– ∑“ß‡»√…∞°‘ ® ¿“¬„πª√–‡∑»†°≈ÿà ¡ ∫√‘ …— ∑ ∫— π ∑÷ ° Àπ’È Ÿ ≠ ∑’Ë ‡ °‘ ¥ ¢÷È π „π√–À«à “ ßªï ‡ ªì π §à “ „™â ®à “ ¬∑— π ∑’ ∑’Ë ‡ °‘ ¥ ¢÷È π °“√°√–®ÿ ° µ— « ¢Õß§«“¡‡ ’Ë ¬ ß¥â “ π°“√„Àâ ‘ π ‡™◊Ë Õ ∑’Ë ‡ ªì π º≈®“°≈Ÿ ° Àπ’È ° “√§â “ †‡°‘ ¥ ¢÷È π ·∫∫®”°— ¥ ‡π◊Ë Õ ß®“°°≈ÿà ¡ ∫√‘ …— ∑ ¡’≈Ÿ°§â“®”π«π¡“°√“¬†·≈–≈Ÿ°§â“‡À≈à“π—Èπ¡’µ≈“¥∑’Ë°√–®“¬Õ¬à“ßÀ≈“°À≈“¬†¥â«¬‡Àµÿº≈‡À≈à“π’È∑”„ÀâΩÉ“¬∫√‘À“√‡™◊ËÕ«à“ ‰¡à¡’°“√‡æ‘Ë¡‡µ‘¡§«“¡‡ ’Ë¬ß®“°°“√„Àâ ‘π‡™◊ËÕ‡°‘π®”π«π‡ß‘π∑’Ë√—∫√Ÿâ „π√“¬°“√¢“¥∑ÿπ®“°°“√‡√’¬°‡°Á∫´÷Ëß‰¥â√«¡§”π«≥ „π≈Ÿ ° Àπ’È ° “√§â “

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2.5 °“√ª√— ∫ ‚§√ß √â “ ßÀπ’È ∑’Ë ¡’ ªí ≠ À“„π°√≥’ ∑’Ë °≈ÿà ¡ ∫√‘ …— ∑ ‡ªì π≈Ÿ ° Àπ’È °“√ª√—∫‚§√ß √â“ßÀπ’È∑’Ë‡°‘¥®“°°“√‡ª≈’Ë¬π·ª≈ß‡ß◊ËÕπ‰¢„π°“√™”√–Àπ’È†°≈ÿà¡∫√‘…—∑∫—π∑÷°º≈°√–∑∫¢Õß°“√ª√—∫ ‚§√ß √â “ ßÀπ’È π— ∫ µ—È ß ·µà «— π ∑’Ë ª √— ∫ ‚§√ß √â “ ßÀπ’È ® π∂÷ ß «— π §√∫°”Àπ¥¢ÕßÀπ’È µ “¡‡ß◊Ë Õ π‰¢„À¡à † Õ¬à “ ß‰√°Á µ “¡†√“§“µ“¡ ∫— ≠ ™’ ¢ ÕßÀπ’È † ≥†«— π ∑’Ë ª √— ∫ ‚§√ß √â “ ßÀπ’È ® –‰¡à ‡ ª≈’Ë ¬ π·ª≈ß†πÕ°®“°«à “ √“§“µ“¡∫— ≠ ™’ ¢ ÕßÀπ’È ® – Ÿ ß °«à “ ®”π«π‡ß‘ π ∑’Ë µâ Õ ß®à “ ¬„πÕπ“§µµ“¡‡ß◊Ë Õ π‰¢„À¡à † ´÷Ë ß ‰¡à ¡’ ° “√§‘ ¥ ≈¥„¥Ê†∑—È ß ‘È π †À“°√“§“µ“¡∫— ≠ ™’ ¢ ÕßÀπ’È Ÿ ß °«à “ ®”π«π‡ß‘ π ∑’Ë µâ Õ ß®à “ ¬„πÕπ“§µµ“¡‡ß◊Ë Õ π‰¢„À¡à † √“§“µ“¡∫— ≠ ™’ ¢ ÕßÀπ’È ® –ª√— ∫ ≈¥„Àâ ‡ ∑à “ °— ∫ ®”π«π‡ß‘ π ∑’Ë µâ Õ ß®à “ ¬„πÕπ“§µ ·≈–∫— π ∑÷ ° à « π¢ÕßÀπ’È ∑’Ë ≈ ¥≈ß‡ªì π °”‰√®“°°“√ª√— ∫ ‚§√ß √â “ ßÀπ’È „πß∫°”‰√¢“¥∑ÿπ 2.6 ‡ß‘ π ≈ß∑ÿπ °≈ÿà ¡ ∫√‘ …— ∑ ‰¥â ®— ¥ ª√–‡¿∑‡ß‘ π ≈ß∑ÿ π ‰¥â · °à † À≈— ° ∑√— æ ¬å ‡ æ◊Ë Õ §â “ À≈— ° ∑√— æ ¬å ∑’Ë ∂◊ Õ ®π§√∫°”Àπ¥†·≈–À≈— ° ∑√— æ ¬å ‡ º◊Ë Õ ¢“¬ À≈— ° ∑√— æ ¬å ∑’Ë ´◊È Õ ¡“‡æ◊Ë Õ À«— ß °”‰√®“°°“√‡ª≈’Ë ¬ π·ª≈ß√“§“„π√–¬– —È π ‰¥â ∂Ÿ ° ®— ¥ ª√–‡¿∑‡ªì π À≈— ° ∑√— æ ¬å ‡ æ◊Ë Õ §â “ ·≈–· ¥ß „π ‘ π ∑√— æ ¬å À ¡ÿ π ‡«’ ¬ π†(°≈ÿà ¡ ∫√‘ …— ∑ ‰¡à ‰ ¥â ∂◊ Õ ‡ß‘ π ≈ß∑ÿ π ª√–‡¿∑π’È „ π√–À«à “ ßªï ) †‡ß‘ π ≈ß∑ÿ π ∑’Ë ¡’ Õ “¬ÿ § ß∑’Ë ´÷Ë ß ºŸâ ∫ √‘ À “√µ—È ß „® ·≈–¡’ § «“¡ “¡“√∂∂◊ Õ ®π§√∫°”Àπ¥‰¥â ∂Ÿ ° ®— ¥ ª√–‡¿∑‡ªì π À≈— ° ∑√— æ ¬å ∑’Ë ∂◊ Õ ®π§√∫°”Àπ¥·≈–· ¥ß„π ‘ π ∑√— æ ¬å ‰¡à À ¡ÿ π ‡«’ ¬ π†‡ß‘ π ≈ß∑ÿ π ∑’Ë ‰ ¡à √ –∫ÿ ™à « ß‡«≈“∑’Ë · πà π Õπ´÷Ë ß Õ“®¢“¬‡æ◊Ë Õ ‡ √‘ ¡ ¿“æ§≈à Õ ßÀ√◊ Õ ‡ª≈’Ë ¬ πÕ— µ √“¥Õ°‡∫’È ¬ ∑’Ë ‰ ¥â √— ∫ ‰¥â ∂Ÿ ° ®— ¥ ª√–‡¿∑‡ªì π À≈— ° ∑√— æ ¬å ‡ º◊Ë Õ ¢“¬†·≈–· ¥ß„π ‘ π ∑√— æ ¬å ‰ ¡à À ¡ÿ π ‡«’ ¬ π†‡«â π ·µà ºŸâ ∫ √‘ À “√®–· ¥ß‡®µ®”πß‡æ◊Ë Õ ∂◊ÕÀ≈—°∑√—æ¬å ‰«âπâÕ¬°«à“†12†‡¥◊Õππ—∫®“°«—π∑’Ë „πß∫¥ÿ≈À√◊Õ‡«âπ·µàºŸâ∫√‘À“√µâÕß°“√¢“¬‡æ◊ËÕ‡æ‘Ë¡‡ß‘π∑ÿπ„π°“√ª√–°Õ∫ °‘ ® °“√´÷Ë ß ®–®— ¥ ª√–‡¿∑‡ªì π ‘ π ∑√— æ ¬å À ¡ÿ π ‡«’ ¬ π†ºŸâ ∫ √‘ À “√°”Àπ¥°“√®— ¥ ª√–‡¿∑‡ß‘ π ∑ÿ π ‡¡◊Ë Õ ´◊È Õ ·≈–ª√–‡¡‘ π ®ÿ ¥ ª√– ß§å „ À¡à Õ ¬à “ ß ¡Ë” ‡ ¡Õ ‡ß‘ π ≈ß∑ÿ π ‡º◊Ë Õ ¢“¬´÷Ë ß à « π„À≠à ª √–°Õ∫¥â « ¬‡ß‘ π ≈ß∑ÿ π „πµ√“ “√Àπ’È · ≈–µ√“ “√∑ÿ π ∑’Ë ¡’ µ ≈“¥√Õß√— ∫ †´÷Ë ß ®–¡’ ° “√ «— ¥ ¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡†≥†«— π ∑”°“√ ÿ ¥ ∑â “ ¬†31†∏— π «“§¡†¢Õß∑ÿ ° ªï ”À√— ∫ ‡ß‘ π ≈ß∑ÿ π ‡º◊Ë Õ ¢“¬∑’Ë ¡’ µ ≈“¥´◊È Õ ¢“¬§≈à Õ ß √Õß√— ∫ ®–«— ¥ ¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡¥â « ¬°“√Õâ “ ßÕ‘ ß √“§“‡ πÕ´◊È Õ ¢Õßµ≈“¥À≈— ° ∑√— æ ¬å · Àà ß ª√–‡∑»‰∑¬·≈–»Ÿ π ¬å ´◊È Õ ¢“¬µ√“ “√ Àπ’È ‰∑¬ ‡ß‘ π ≈ß∑ÿ π „πµ√“ “√∑ÿ π ∑’Ë ‰ ¡à ¡’ µ ≈“¥√Õß√— ∫ ∑’Ë ®— ¥ ª√–‡¿∑‡ªì π ‡ß‘ π ≈ß∑ÿ π ∑—Ë « ‰ª†· ¥ß„πß∫¥ÿ ≈ ¥â « ¬√“§“∑ÿ π À— ° §à “ ‡º◊Ë Õ °“√¥â Õ ¬§à “ ¢Õß‡ß‘ π ≈ß∑ÿ π °≈ÿà¡∫√‘…—∑®–∑¥ Õ∫°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπµàÕ‡¡◊ËÕ¡’¢âÕ∫àß™’È«à“‡ß‘π≈ß∑ÿππ—ÈπÕ“®¡’°“√¥âÕ¬§à“‡°‘¥¢÷Èπ∂â“√“§“µ“¡ ∫— ≠ ™’ ¢ Õß‡ß‘ π ≈ß∑ÿ π Ÿ ß °«à “ ¡Ÿ ≈ §à “ ∑’Ë § “¥«à “ ®–‰¥â √— ∫ §◊ π †º≈¢“¥∑ÿ π ®“°°“√¥â Õ ¬§à “ ∑’Ë ‡ °‘ ¥ ¢÷È π ∫— π ∑÷ ° „πß∫°”‰√¢“¥∑ÿ π ∑— π ∑’ „π°“√®”Àπà “ ¬‡ß‘ π ≈ß∑ÿ π †º≈µà “ ß√–À«à “ ß‡ß‘ π ¥ ÿ ∑ ∏‘ ∑’Ë ‰ ¥â √— ∫ ®“°°“√®”Àπà “ ¬°— ∫ √“§“µ“¡∫— ≠ ™’ ¢ Õß‡ß‘ π ≈ß∑ÿ π π—È π ®–∫— π ∑÷ ° „πß∫°”‰√¢“¥∑ÿ π ∑— π ∑’ ‡¡◊ËÕ‡ß‘π≈ß∑ÿπ„πµ√“ “√Àπ’ÈÀ√◊Õµ√“ “√∑ÿπ™π‘¥‡¥’¬«°—π¡’°“√®”Àπà“¬‡æ’¬ß∫“ß à«π†√“§“µ“¡∫—≠™’¢Õß‡ß‘π≈ß∑ÿπ ∑’Ë ®”Àπà “ ¬§”π«≥‚¥¬„™â «‘ ∏’ ∂— « ‡©≈’Ë ¬ ∂à « ßπÈ” Àπ— ° ®“°®”π«π∑’Ë ∂◊ Õ §√Õß∑—È ß À¡¥

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2.7 ∑’Ë¥‘π Õ“§“√†·≈–Õÿª °√≥å ∑’Ë ¥‘ π †Õ“§“√†·≈–Õÿ ª °√≥å † ª√–°Õ∫¥â « ¬ ‘ ∑ ∏‘ ° “√‡™à “ †∑’Ë ¥‘ π †∑√— æ ¬å ‘ π „Àâ ‡ ™à “ ·≈–‡§√◊Ë Õ ßµ°·µà ß µ‘ ¥ µ—È ß ·≈–Õÿ ª °√≥å ∑’Ë¥‘π†· ¥ßµ“¡√“§“∑ÿπ†Õ“§“√·≈–Õÿª°√≥å†· ¥ßµ“¡√“§“∑ÿπÀ—°¥â«¬§à“‡ ◊ËÕ¡√“§“ – ¡†π‚¬∫“¬ ”À√—∫ ‘∑∏‘°“√‡™à“· ¥ß √“¬≈–‡Õ’¬¥„ππ‚¬∫“¬°“√∫—≠™’ ”À√—∫ —≠≠“‡™à“√–¬–¬“« §à “ ‡ ◊Ë Õ ¡√“§“§”π«≥‚¥¬«‘ ∏’ ‡ â π µ√ß†(¬°‡«â π ∑’Ë ¥‘ π ´÷Ë ß ¡’ Õ “¬ÿ ° “√„™â ß “π‰¡à ®”°— ¥ )†‡æ◊Ë Õ ≈¥√“§“µ“¡∫— ≠ ™’ ¢ Õß ‘ π ∑√— æ ¬å · µà ≈ –™π‘ ¥ ®π∂÷ ß ¡Ÿ ≈ §à “ ´“°µ“¡Õ“¬ÿ ° “√„™â ß “π‚¥¬ª√–¡“≥¢Õß ‘ π ∑√— æ ¬å À √◊ Õ µ“¡Õ“¬ÿ — ≠ ≠“‡™à “ ‘ ∑ ∏‘ ° “√‡™à “ ∑’Ë ¥‘ π æ√â Õ ¡ ‘Ë ß ª≈Ÿ ° √â “ ß ‘ ∑ ∏‘ ° “√‡™à “ ∑’Ë ¥‘ π Õ“§“√·≈– à«πª√—∫ª√ÿß ‡§√◊ËÕßµ°·µàß µ‘¥µ—Èß·≈–Õÿª°√≥å ¬“πæ“Àπ–

30 25 - 30 25 - 30 5 - 15 5

ªï ªï (µ“¡Õ“¬ÿ —≠≠“‡™à“) ªï ªï ªï

„π°√≥’∑’Ë√“§“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬å Ÿß°«à“¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π†√“§“µ“¡∫—≠™’®–∂Ÿ°ª√—∫≈¥„Àâ‡∑à“°—∫¡Ÿ≈§à“ ∑’Ë§“¥«à“®–‰¥â√—∫§◊π†¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π§”π«≥®“°¡Ÿ≈§à“ªí®®ÿ∫—π¢Õß°√–· ‡ß‘π ¥∑’Ë§“¥«à“®–‰¥â√—∫„πÕπ“§µ®“°°“√ „™â ‘π∑√—æ¬åÕ¬à“ßµàÕ‡π◊ËÕß†À√◊Õ®”π«π∑’Ë®–‰¥â√—∫®“°°“√¢“¬ ‘π∑√—æ¬åÀ—°¥â«¬µâπ∑ÿπ®“°°“√®”Àπà“¬ ‘π∑√—æ¬åπ—Èπ·≈â«·µà ®”π«π„¥®– Ÿ ß °«à “ °”‰√¢“¥∑ÿ π ®“°°“√¢“¬∑’Ë ¥‘ π †Õ“§“√†·≈–Õÿ ª °√≥å §”π«≥¢÷È π ‚¥¬‡ª√’ ¬ ∫‡∑’ ¬ ∫°— ∫ √“§“µ“¡∫— ≠ ™’ † ·≈–‰¥â √ «¡Õ¬Ÿà „π°“√§”π«≥°”‰√®“°°“√¥”‡π‘πß“π µâ π ∑ÿ π °“√°Ÿâ ¬◊ ¡ ¢Õß‡ß‘ π °Ÿâ ∑’Ë „ ™â „ π°“√°à Õ √â “ ß ‘ π ∑√— æ ¬å „ Àâ ‡ √Á ® ¡∫Ÿ √ ≥å À √◊ Õ ‡µ√’ ¬ ¡ ‘ π ∑√— æ ¬å „ Àâ Õ ¬Ÿà „π ¿“ææ√âÕ¡ ∑’Ë ® –„™â ‰ ¥â µ “¡ª√– ß§å ‰ ¥â ∫— π ∑÷ ° √«¡‡ªì π √“§“∑ÿ π ¢Õß ‘ π ∑√— æ ¬å † µâ π ∑ÿ π °“√°Ÿâ ¬◊ ¡ ª√–°Õ∫¥â « ¬¥Õ°‡∫’È ¬ ∑’Ë ‡ °‘ ¥ ®“°‡ß‘ π °Ÿâ ¬◊ ¡ ∑—È ß √–¬– —È π ·≈–√–¬–¬“«†°“√µ—È ß µâ π ∑ÿ π °“√°Ÿâ ¬◊ ¡ ‡ªì π √“§“∑ÿ π ¢Õß ‘ π ∑√— æ ¬å ® –À¬ÿ ¥ æ— ° ≈ß‡¡◊Ë Õ °“√°à Õ √â “ ß∑√— æ ¬å ‘ π À¬ÿ ¥ ™–ß— ° ≈ß‡ªì π ‡«≈“µà Õ ‡π◊Ë Õ ß Õ— µ √“°“√µ—È ß ¢÷È π ‡ªì π ∑ÿ π ∑’Ë „ ™â §”π«≥µâ π ∑ÿ π °“√°Ÿâ ¬◊ ¡ ∑’Ë √ «¡‡ªì π √“§“∑ÿ π ¢Õß ‘ π ∑√— æ ¬å † §◊ Õ †Õ— µ √“¥Õ°‡∫’È ¬ ∂— « ‡©≈’Ë ¬ ¢Õß¬Õ¥‡ß‘ π °Ÿâ ∑—È ß √–¬– —È π ·≈–√–¬–¬“«„π√–À«à “ ßªï † „π°√≥’ ∑’Ë ‡ ß‘ π °Ÿâ ¬◊ ¡ ‡°‘ ¥ ¢÷È π ‚¥¬‡©æ“–‡æ◊Ë Õ ´◊È Õ †°à Õ √â “ ß†À√◊ Õ º≈‘ µ ‘ π ∑√— æ ¬å † ®”π«πµâ π ∑ÿ π °“√°Ÿâ ¬◊ ¡ ∑’Ë √ «¡‡ªì π √“§“∑ÿ π ¢Õß ‘ π ∑√— æ ¬å ® –‡ªì π µâ π ∑ÿ π °“√°Ÿâ ¬◊ ¡ ∑’Ë ‡ °‘ ¥ ®√‘ ß „π√–À«à “ ßß«¥¢Õß ‡ß‘ π °Ÿâ π—È π À— ° ¥â « ¬√“¬‰¥â ∑’Ë ‡ °‘ ¥ ®“°°“√π”‡ß‘ π °Ÿâ ¥— ß °≈à “ «‰ª≈ß∑ÿ π ‡ªì π °“√™—Ë « §√“« √“¬®à “ ¬‡°’Ë ¬ «°— ∫ °“√µà Õ ‡µ‘ ¡ †°“√µà Õ Õ“¬ÿ † À√◊ Õ °“√ª√— ∫ ª√ÿ ß ‘ π ∑√— æ ¬å „ Àâ ¥’ ¢÷È π †´÷Ë ß ∑”„Àâ √ “§“‡ª≈’Ë ¬ π·∑π„πªí ® ®ÿ ∫— π ¢Õß ‘π∑√—æ¬å‡æ‘Ë¡¢÷ÈπÕ¬à“ß‡ªìπ “√– ”§—≠®–√«¡‡ªìπ√“§“∑ÿπ¢Õß ‘π∑√—æ¬å† à«π§à“´àÕ¡·´¡·≈–§à“∫”√ÿß√—°…“√—∫√Ÿâ‡ªìπ §à “ „™â ®à “ ¬„π√Õ∫√–¬–‡«≈“∫— ≠ ™’ ∑’Ë ‡ °‘ ¥ ¢÷È π

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2.8 °“√∫—≠™’ ”À√— ∫ — ≠ ≠“‡™à “ √–¬–¬“« °√≥’ ∑’Ë °≈ÿà ¡ ∫√‘ …— ∑ ‡ªì πºŸâ ‡ ™à “ — ≠ ≠“‡™à “ ∑’Ë ¥‘ π †Õ“§“√†·≈–Õÿ ª °√≥å ∑’Ë § «“¡‡ ’Ë ¬ ß·≈–º≈µÕ∫·∑π¢Õß§«“¡‡ªì π ‡®â “ ¢Õß à « π„À≠à ‰ ¥â ‚Õπ‰ª„Àâ °— ∫ ºŸâ ‡ ™à “ ∂◊ Õ ‡ªì π — ≠ ≠“‡™à “ °“√‡ß‘ π † — ≠ ≠“‡™à “ °“√‡ß‘ π ®–∫— π ∑÷ ° ‡ªì π √“¬®à “ ¬ΩÉ “ ¬∑ÿ π µ“¡¡Ÿ ≈ §à “ ªí ® ®ÿ ∫— π ÿ ∑ ∏‘ ¢ Õß®”π«π‡ß‘ π ∑’Ë µâ Õ ß®à “ ¬µ“¡ — ≠ ≠“‡™à “ †‚¥¬®”π«π‡ß‘ π ∑’Ë µâ Õ ß®à “ ¬®–ªí π à « π√–À«à “ ßÀπ’È ‘ π ·≈–§à “ „™â ®à “ ¬∑“ß°“√‡ß‘ π ‡æ◊Ë Õ „Àâ ‰ ¥â Õ— µ √“ ¥Õ°‡∫’È ¬ §ß∑’Ë µà Õ Àπ’È ‘ π §ß§â “ ßÕ¬Ÿà † ¿“√–ºŸ ° æ— π µ“¡ — ≠ ≠“‡™à “ À— ° §à “ „™â ®à “ ¬∑“ß°“√‡ß‘ π ®–∫— π ∑÷ ° ‡ªì π Àπ’È ‘ π √–¬–¬“« à « π¥Õ°‡∫’È ¬ ®à “ ¬®–∫— π ∑÷ ° „πß∫°”‰√¢“¥∑ÿ π µ≈Õ¥Õ“¬ÿ ¢ Õß — ≠ ≠“‡™à “ † ‘ π ∑√— æ ¬å ∑’Ë ‡ °‘ ¥ ®“° — ≠ ≠“‡™à “ °“√‡ß‘ π ®–§‘ ¥ §à “ ‡ ◊Ë Õ ¡√“§“µ≈Õ¥Õ“¬ÿ ° “√„™â ß “π¢Õß ‘ π ∑√— æ ¬å π—È π — ≠ ≠“‡™à “ ‘ π ∑√— æ ¬å ‚ ¥¬∑’Ë § «“¡‡ ’Ë ¬ ß·≈–º≈µÕ∫·∑π¢Õß§«“¡‡ªì π ‡®â “ ¢Õß à « π„À≠à µ °Õ¬Ÿà °— ∫ ºŸâ „ Àâ ‡ ™à “ ®–®— ¥ ‡ªì π — ≠ ≠“‡™à “ ¥”‡π‘ π ß“π†‡ß‘ π ∑—È ß À¡¥∑’Ë µâ Õ ß®à “ ¬¿“¬„µâ — ≠ ≠“‡™à “ ¥”‡π‘ π ß“π®–∫— π ∑÷ ° „πß∫°”‰√¢“¥∑ÿ π ‚¥¬„™â «‘ ∏’ ‡ â π µ√ß µ≈Õ¥Õ“¬ÿ ¢ Õß — ≠ ≠“‡™à “ π—È π †„π à « π¢Õß — ≠ ≠“‡™à “ ‘ π ∑√— æ ¬å ∑’Ë ° ≈ÿà ¡ ∫√‘ …— ∑ ‰¡à ‰ ¥â ‡ ¢â “ §√Õ∫§√Õßæ◊È π ∑’Ë ¢ Õß ‘ π ∑√— æ ¬å π—È π ∑—È ß À¡¥µ—È ß ·µà «— π ·√°∑’Ë ∑” — ≠ ≠“‡™à “ ‡ß‘ π ∑—È ß À¡¥∑’Ë µâ Õ ß®à “ ¬¿“¬„µâ — ≠ ≠“‡™à “ ¥”‡π‘ π ß“π®–∫— π ∑÷ ° „πß∫°”‰√¢“¥∑ÿ π ‚¥¬„™â «‘ ∏’ µ— ¥ ®à “ ¬∑’Ë ‡ ªì π √–∫∫´÷Ë ß Õâ “ ßÕ‘ ß ®“°®”π«πæ◊È π ∑’Ë ∑’Ë ‰¥â§√Õ∫§√Õß„π·µà≈–ªï §à “ „™â ®à “ ¬∑’Ë ‡ °‘ ¥ ¢÷È π ®“°°“√¬°‡≈‘ ° — ≠ ≠“‡™à “ ¥”‡π‘ π ß“π°à Õ πÀ¡¥Õ“¬ÿ ° “√‡™à “ †‡™à π ‡∫’È ¬ ª√— ∫ ∑’Ë µâ Õ ß®à “ ¬„Àâ · °à ºŸâ „ Àâ ‡ ™à “ ®–∫— π ∑÷ ° ‡ªì π §à “ „™â ®à “ ¬„π√Õ∫√–¬–‡«≈“∫— ≠ ™’ ∑’Ë ° “√¬°‡≈‘ ° π—È π ‡°‘ ¥ ¢÷È π °√≥’ ∑’Ë °≈ÿà ¡ ∫√‘ …— ∑ ‡ªì πºŸâ „Àâ ‡ ™à “ — ≠≠“‡™à “ ¥”‡π‘ π ß“π ‘ π ∑√— æ ¬å ∑’Ë „Àâ‡™à“¿“¬„µâ —≠≠“‡™à“¥”‡π‘πß“π· ¥ß√«¡Õ¬Ÿà „π∑’Ë¥‘π†Õ“§“√†·≈–Õÿª°√≥å „πß∫¥ÿ≈†·≈–µ—¥§à“‡ ◊ËÕ¡√“§“ µ≈Õ¥Õ“¬ÿ ° “√„™â ß “π¢Õß ‘ π ∑√— æ ¬å ‡ ™à π ‡¥’ ¬ «°— ∫ ‘ π ∑√— æ ¬å ∂ “«√∑’Ë ¡’ ≈— ° …≥–‡À¡◊ Õ π°— π †√“¬‰¥â † §à “ ‡™à “ √— ∫ √Ÿâ ‚ ¥¬«‘ ∏’ ‡ â π µ√ß µ“¡√–¬–‡«≈“°“√„Àâ‡™à“ 2.9 ‘ π ∑√— æ ¬å ‰ ¡à ¡’ µ— « µπ §à “ §«“¡π‘ ¬ ¡µ‘ ¥ ≈∫ §à “ §«“¡π‘ ¬ ¡µ‘ ¥ ≈∫‡ªì π à « π‡°‘ π ¢Õß¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡¢Õß à « π‰¥â ‡ ’ ¬ „π ‘ π ∑√— æ ¬å ÿ ∑ ∏‘ ¢ Õß∫√‘ …— ∑ ¬à Õ ¬°«à “ √“§“µâ π ∑ÿ π „π°“√´◊È Õ §à“§«“¡π‘¬¡µ‘¥≈∫∑’Ë‡°‘¥®“°°“√´◊ÈÕ°‘®°“√¿“¬À≈—ß«—π∑’Ë†1†¡°√“§¡†æ.».†2543†´÷Ëß‡ªìπ√–¬–‡«≈“¿“¬À≈—ß®“°¡“µ√∞“π °“√∫—≠™’©∫—∫∑’Ë†43†-†°“√√«¡∏ÿ√°‘® ¡’º≈∫—ß§—∫„™â®–®—¥ª√–‡¿∑‡ªìπ ‘π∑√—æ¬å·≈–· ¥ß§à“§«“¡π‘¬¡µ‘¥≈∫π—Èπ‡ªìπ√“¬°“√ À—°®“° ‘π∑√—æ¬åÕ◊Ëπ„πß∫¥ÿ≈†‡π◊ËÕß®“°§à“§«“¡π‘¬¡µ‘¥≈∫π’È¡‘ ‰¥â —¡æ—π∏å°—∫º≈¢“¥∑ÿπ·≈–§à“„™â®à“¬„πÕπ“§µ†¥—ßπ—Èπ®÷ß ®–√— ∫ √Ÿâ §à “ §«“¡π‘ ¬ ¡µ‘ ¥ ≈∫ à « π∑’Ë ‰ ¡à ‡ °‘ π ¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡¢Õß ‘ π ∑√— æ ¬å ∑’Ë ‰ ¡à ‡ ªì π µ— « ‡ß‘ π †‡ªì π √“¬‰¥â „ πß∫°”‰√¢“¥∑ÿ π ‚¥¬„™â«‘∏’‡ âπµ√ßµ≈Õ¥Õ“¬ÿ°“√„™âß“π∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°·≈–Õ“¬ÿ°“√„Àâª√–‚¬™πå∑’Ë‡À≈◊ÕÕ¬Ÿà¢Õß ‘π∑√—æ¬å∑’Ë‡ ◊ËÕ¡ ¿“æ‰¥â

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§à “ §«“¡π‘ ¬ ¡µ‘ ¥ ≈∫∑’Ë ‡ °‘ ¥ °à Õ π«— π ∑’Ë † 1†¡°√“§¡†æ.».†2543†´÷Ë ß ‡°‘ ¥ ®“°¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡¢Õß ‘ π ∑√— æ ¬å ÿ ∑ ∏‘ ¢ Õß ∫√‘ …— ∑ ¬à Õ ¬·Àà ß Àπ÷Ë ß †´÷Ë ß ‰¥â · °à † ∑’Ë ¥‘ π †¡’ ¡Ÿ ≈ §à “ Ÿ ß °«à “ µâ π ∑ÿ π „π°“√´◊È Õ ∑’Ë · ¥ß¿“¬„µâ à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π „πß∫¥ÿ ≈ ‡ªì π §à “ §«“¡π‘ ¬ ¡µ‘ ¥ ≈∫°à Õ π¡“µ√∞“π°“√∫— ≠ ™’ © ∫— ∫ ∑’Ë † 43†-†°“√√«¡∏ÿ √ °‘ ® ¡’ º ≈∫— ß §— ∫ „™â ° ≈ÿà ¡ ∫√‘ …— ∑ ‡≈◊ Õ °∑’Ë ® –‰¡à ª √— ∫ ¬â Õ πÀ≈— ß §à “ §«“¡π‘ ¬ ¡µ‘ ¥ ≈∫¥— ß °≈à “ «†Õ¬à “ ß‰√°Á µ “¡À“°‰¥â ¡’ ° “√ª√— ∫ ¬â Õ πÀ≈— ß °”‰√ – ¡®–‡æ‘Ë ¡ ¢÷È π ‡ªì π ®”π«π‡¥’ ¬ «°— π °≈ÿà ¡ ∫√‘ …— ∑ ®–¡’ ° “√æ‘ ® “√≥“∑∫∑«π¡Ÿ ≈ §à “ ¢Õß§à “ §«“¡π‘ ¬ ¡∑’Ë · ¥ß„πß∫¥ÿ ≈ †·≈–‡¡◊Ë Õ ¡’ ¢â Õ ∫à ß ™’È ∑”„Àâ ‡ ™◊Ë Õ ‰¥â «à “ Õ“®‡°‘ ¥ °“√¥â Õ ¬§à “ ‡°‘ ¥ ¢÷È π †°Á ® –ª√–‡¡‘ π ·≈–ª√— ∫ ≈¥¡Ÿ ≈ §à “ ¢Õß§à “ §«“¡π‘ ¬ ¡‡æ◊Ë Õ „Àâ ‰ ¡à ‡ °‘ π ¡Ÿ ≈ §à “ ∑’Ë § “¥«à “ ®–‰¥â √— ∫ §◊ π 2.10 ‡ß‘ π°Ÿâ ¬◊ ¡ ‡ß‘ π °Ÿâ ¬◊ ¡ ∫— π ∑÷ ° ‡¡◊Ë Õ ·√°µ“¡®”π«π‡ß‘ π ∑’Ë ‰ ¥â √— ∫ ÿ ∑ ∏‘ ® “°µâ π ∑ÿ π ∑’Ë ‡ °’Ë ¬ «¢â Õ ß‡ß‘ π °Ÿâ ¬◊ ¡ · ¥ß„πß∫¥ÿ ≈ µ“¡ √“§“µâπ∑ÿπµ—¥®”Àπà“¬µ“¡«‘∏’Õ—µ√“¥Õ°‡∫’È¬∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°†º≈µà“ß√–À«à“ß‡ß‘π∑’Ë ‰¥â√—∫°—∫√“§“∑’ËµâÕß™”√–®–∫—π∑÷° ‡ªì π ¥Õ°‡∫’È ¬ ®à “ ¬„πß∫°”‰√¢“¥∑ÿ π µ≈Õ¥Õ“¬ÿ — ≠ ≠“ 2.11 ¿“…’ ‡ ß‘ π ‰¥â √ Õ°“√µ— ¥ ∫—≠™’ ¿“…’ ‡ ß‘ π ‰¥â √ Õ°“√µ— ¥ ∫— ≠ ™’ µ—È ß ‡µÁ ¡ ®”π«πµ“¡«‘ ∏’ À π’È ‘ π †‡¡◊Ë Õ ‡°‘ ¥ º≈µà “ ß™—Ë « §√“«√–À«à “ ß∞“π¿“…’ ¢ Õß∑√— æ ¬å ‘ π ·≈– Àπ’È ‘ π †·≈–¡Ÿ ≈ §à “ µ“¡ß∫°“√‡ß‘ π †º≈·µ°µà “ ß™—Ë « §√“« à « π„À≠à ¢ Õß°≈ÿà ¡ ∫√‘ …— ∑ ‡°‘ ¥ ¢÷È π ®“°§à “ ‡º◊Ë Õ °“√¥â Õ ¬§à “ ‘ π ∑√— æ ¬å §à “ ‡º◊Ë Õ Àπ’È ß — ¬ ®– Ÿ ≠ ·≈– ”√ÕßÕ◊Ë π Ê Õ—µ√“¿“…’∑’Ëª√–°“»„™â ≥†«—π∑’Ë „ πß∫¥ÿ ≈ ‡ªì π µ— « «— ¥ ¿“…’ ‡ ß‘ π ‰¥â √ Õ°“√µ— ¥ ∫— ≠ ™’ ‘ π ∑√— æ ¬å ¿ “…’ ‡ ß‘ π ‰¥â √ Õµ— ¥ ∫— ≠ ™’ ® –√— ∫ √Ÿâ ‡ ¡◊Ë Õ ¡’ § «“¡‡ªì π ‰ª‰¥â§àÕπ¢â“ß·πà ∑’Ë∫√‘…—∑®–¡’°”‰√∑“ß¿“…’‡æ’¬ßæÕµàÕ°“√ π”®”π«πº≈·µ°µà “ ß™—Ë « §√“«π—È π ¡“„™â ª √–‚¬™πå 2.12 °“√√— ∫√Ÿâ √ “¬‰¥â ∫√‘ …— ∑ √— ∫ √Ÿâ √ “¬‰¥â §à “ ‡™à “ ‡ªì π √“¬‰¥â ‚ ¥¬«‘ ∏’ ‡ â π µ√ßµ“¡√–¬–‡«≈“¢Õß — ≠ ≠“‡™à “ †(À¡“¬‡Àµÿ † 2.8)†·≈–√— ∫ √Ÿâ §à “ ∫√‘ ° “√‡ªì π √“¬‰¥â ‡ ¡◊Ë Õ ‰¥â „ Àâ ∫ √‘ ° “√·°à ≈Ÿ ° §â “ ·≈â « †∫√‘ …— ∑ √— ∫ √Ÿâ √ “¬‰¥â §à “ ‡™à “ ·≈–§à “ ∫√‘ ° “√√— ∫ ≈à « ßÀπâ “ ‡ªì π √“¬‰¥â µ “¡ «‘∏’‡ âπµ√ßµ“¡√–¬–‡«≈“¢Õß —≠≠“‡™à“ ∫√‘…—∑√—∫√Ÿâ√“¬‰¥â®“°°“√®”Àπà“¬Õ“À“√·≈–‡§√◊ËÕß¥◊Ë¡†‡ªìπ√“¬‰¥â‡¡◊ËÕ®”Àπà“¬Õ“À“√·≈–‡§√◊ËÕß¥◊Ë¡„Àâ≈Ÿ°§â“·≈â«‡ √Á® √“¬‰¥â Õ◊Ë π √— ∫ √Ÿâ µ “¡‡°≥±å ¥— ß µà Õ ‰ªπ’È √“¬‰¥â ¥ Õ°‡∫’È ¬ - √—∫√Ÿâµ“¡‡°≥±å§ß§â“ß ¬°‡«âπ¡’§«“¡‰¡à·πàπÕπ∑’Ë®–‰¥â√—∫ √“¬‰¥â ‡ ß‘ π ªí π º≈ - √—∫√Ÿâ‡¡◊ËÕ¡’ ‘∑∏‘ ‰ ¥â √— ∫ ‡ß‘ π ªí π º≈ √“¬°“√¢“¬∑’Ë ‡ °‘ ¥ ¢÷È π √–À«à “ ß°≈ÿà ¡ ∫√‘ …— ∑ ‰¥â µ— ¥ ∫— ≠ ™’ · ≈â « ‡æ◊Ë Õ ®— ¥ ∑”ß∫°“√‡ß‘ π √«¡

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2.13 ‡§√◊Ë Õ ß¡◊ Õ ∑“ß°“√‡ß‘ π ‘ π ∑√— æ ¬å ∑ “ß°“√‡ß‘ π ∑’Ë · ¥ß„πß∫¥ÿ ≈ ª√–°Õ∫¥â « ¬‡ß‘ π ¥·≈–√“¬°“√‡∑’ ¬ ∫‡∑à “ ‡ß‘ π ¥†‡ß‘ π ≈ß∑ÿ π †≈Ÿ ° Àπ’È ° “√§â “ Àπ’È ‘ π ∑“ß°“√‡ß‘ π ∑’Ë · ¥ßÕ¬Ÿà „ πß∫¥ÿ ≈ †ª√–°Õ∫¥â « ¬†‡®â “ Àπ’È ° “√§â “ † — ≠ ≠“‡™à “ ∑“ß°“√‡ß‘ π †·≈–‡ß‘ π °Ÿâ ¬◊ ¡ †´÷Ë ß π‚¬∫“¬ °“√∫—≠™’‡©æ“– ”À√—∫√“¬°“√·µà≈–√“¬°“√‰¥â‡ªî¥‡º¬·¬°‰«â „ π·µà ≈ –À— « ¢â Õ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß ∫√‘ …— ∑ „™â — ≠ ≠“·≈°‡ª≈’Ë ¬ πÕ— µ √“¥Õ°‡∫’È ¬ ‡æ◊Ë Õ ªÑ Õ ß°— π §«“¡‡ ’Ë ¬ ß∑’Ë ‡ °‘ ¥ ®“°°“√‡ª≈’Ë ¬ π·ª≈ß¢ÕßÕ— µ √“¥Õ°‡∫’È ¬ º≈µà “ ß∑’Ë ‰¥â√—∫À√◊ÕµâÕß®à“¬™”√–µ“¡ —≠≠“·≈°‡ª≈’Ë¬πÕ—µ√“¥Õ°‡∫’È¬‰¥â∫—π∑÷°‡ªìπ à«πÀπ÷Ëß¢Õß§à“„™â®à“¬¥Õ°‡∫’È¬µ≈Õ¥ Õ“¬ÿ¢Õß —≠≠“†°”‰√·≈–¢“¥∑ÿπ®“°°“√¬°‡≈‘° —≠≠“À√◊Õ°“√™”√–§◊π‡ß‘π°Ÿâ¬◊¡°àÕπ°”Àπ¥∂â“¡’®–∫—π∑÷°‰«â „πß∫°”‰√¢“¥∑ÿπ („π√–À«à “ ßªï ‰ ¡à ¡’ ° “√¬°‡≈‘ ° — ≠ ≠“) °“√‡ªî¥‡º¬¢âÕ¡Ÿ≈‡°’Ë¬«°—∫‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π´÷Ëß°≈ÿà¡∫√‘…—∑‡ªìπ§Ÿà —≠≠“‰¥â· ¥ß‰«â „πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π ¢âÕ 26 2.14 °Õß∑ÿ π ”√Õß‡≈’È ¬ ß™’ æ ∫√‘ …— ∑ ‰¥â ®— ¥ µ—È ß °Õß∑ÿ π ”√Õß‡≈’È ¬ ß™’ æ æπ— ° ß“πµ“¡§«“¡„πæ√–√“™∫— ≠ ≠— µ‘ ° Õß∑ÿ π ”√Õß‡≈’È ¬ ß™’ æ †æ.».†2530 ·≈–‡¢â “ ‡ªì π °Õß∑ÿ π ®¥∑–‡∫’ ¬ π„πªï † æ.».†2541†‚¥¬ ‘ π ∑√— æ ¬å ¢ Õß°Õß∑ÿ π ·¬°ÕÕ°®“° ‘ π ∑√— æ ¬å ¢ Õß°≈ÿà ¡ ∫√‘ …— ∑ ·≈– ∫√‘ À “√‚¥¬ºŸâ ®— ¥ °“√°Õß∑ÿ π ∑’Ë ‰ ¥â √— ∫ Õπÿ ≠ “µ·Àà ß Àπ÷Ë ß †°Õß∑ÿ π ”√Õß‡≈’È ¬ ß™’ æ ¥— ß °≈à “ «‰¥â √— ∫ ‡ß‘ π ‡¢â “ ¡∑∫°Õß∑ÿ π ®“°æπ— ° ß“π·≈–°≈ÿà ¡ ∫√‘ …— ∑ †‡ß‘ π ®à “ ¬ ¡∑∫°Õß∑ÿ π ”√Õß‡≈’È ¬ ß™’ æ ∫— π ∑÷ ° ‡ªì π §à “ „™â ®à “ ¬„πß∫°”‰√¢“¥∑ÿ π ”À√— ∫ √Õ∫√–¬–‡«≈“∫—≠™’∑’Ë‡°‘¥√“¬°“√π—Èπ†(À¡“¬‡Àµÿ 19) 2.15 ∫ÿ § §≈À√◊ Õ °‘ ® °“√∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π ∫ÿ § §≈À√◊ Õ °‘ ® °“√∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π °— ∫ ∫√‘ …— ∑ À¡“¬∂÷ ß ∫ÿ § §≈À√◊ Õ °‘ ® °“√∑’Ë ¡’ Õ”π“®§«∫§ÿ ¡ ∫√‘ …— ∑ †À√◊ Õ ∂Ÿ ° §«∫§ÿ ¡ ‚¥¬ ∫√‘ …— ∑ ‰¡à «à “ ®–‡ªì π ‚¥¬∑“ßµ√ßÀ√◊ Õ ∑“ßÕâ Õ ¡†À√◊ Õ Õ¬Ÿà ¿ “¬„µâ ° “√§«∫§ÿ ¡ ‡¥’ ¬ «°— π °— ∫ ∫√‘ …— ∑ †√«¡∂÷ ß ∫√‘ …— ∑ ∑’Ë ∑”Àπâ “ ∑’Ë ∂◊ Õ Àÿâ π †∫√‘ …— ∑ ¬à Õ ¬†·≈–°‘ ® °“√∑’Ë ‡ ªì π ∫√‘ …— ∑ ¬à Õ ¬„π‡§√◊ Õ ‡¥’ ¬ «°— π †πÕ°®“°π’È ∫ÿ § §≈À√◊ Õ °‘ ® °“√∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π ¬— ß À¡“¬ √«¡∂÷ ß ∫√‘ …— ∑ √à « ¡·≈–∫ÿ § §≈´÷Ë ß ∂◊ Õ Àÿâ π ∑’Ë ¡’ ‘ ∑ ∏‘ Õ Õ°‡ ’ ¬ ß‰¡à «à “ ∑“ßµ√ßÀ√◊ Õ ∑“ßÕâ Õ ¡·≈–¡’ Õ‘ ∑ ∏‘ æ ≈Õ¬à “ ß‡ªì π “√– ”§— ≠ °— ∫ ∫√‘ …— ∑ †ºŸâ ∫ √‘ À “√ ”§— ≠ †°√√¡°“√À√◊ Õ æπ— ° ß“π¢Õß∫√‘ …— ∑ †µ≈Õ¥∑—È ß ¡“™‘ ° „π§√Õ∫§√— « ∑’Ë „ °≈â ™‘ ¥ °— ∫ ∫ÿ § §≈¥— ß °≈à “ « ·≈–°‘ ® °“√∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— ∫ ∫ÿ § §≈‡À≈à “ π—È π „π°“√æ‘®“√≥“∂÷ß§«“¡ —¡æ—π∏å√–À«à“ß∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π°—∫∫√‘…—∑·µà≈–√“¬°“√†∫√‘…—∑§”π÷ß∂÷ß‡π◊ÈÕÀ“ ¢Õß§«“¡ —¡æ—π∏å¡“°°«à“√Ÿª·∫∫∑“ß°ÆÀ¡“¬ 2.16 °“√„™âª√–¡“≥°“√ °“√®— ¥ ∑”ß∫°“√‡ß‘ π „Àâ Õ¥§≈â Õ ß°— ∫ À≈— ° °“√∫— ≠ ™’ ∑’Ë √— ∫ √Õß∑—Ë « ‰ª„πª√–‡∑»‰∑¬†µâ Õ ß„Àâ ΩÉ “ ¬∫√‘ À “√°”Àπ¥ ª√–¡“≥°“√·≈–¢â Õ ¡¡µ‘ ∞ “π´÷Ë ß ¡’ º ≈°— ∫ µ— « ‡≈¢¢Õß ‘ π ∑√— æ ¬å · ≈–Àπ’È ‘ π ∑’Ë √ “¬ß“π‰«â „ πß∫°“√‡ß‘ π †°“√‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ ‘ π ∑√— æ ¬å ∑’Ë Õ “®‡°‘ ¥ ¢÷È π ·≈–Àπ’È ‘ π ∑’Ë Õ “®‡°‘ ¥ ¢÷È π †≥†«— π ∑’Ë „πß∫°“√‡ß‘π†·≈–µ—«‡≈¢√“¬‰¥â·≈–§à“„™â®à“¬„πß«¥∑’Ë√“¬ß“π‰«â „πß∫°“√‡ß‘ π †¥— ß π—È π º≈∑’Ë ‡ °‘ ¥ ®√‘ ß Õ“®µà “ ß‰ª®“°ª√–¡“≥°“√

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3. ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 ‡ß‘π ¥ ‡ß‘πΩ“°∏π“§“√ª√–‡¿∑®à“¬§◊π‡¡◊ËÕ∑«ß∂“¡ ‡ß‘πΩ“°∏π“§“√ª√–‡¿∑Ω“°ª√–®”·≈– µ—Î«‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π√–¬–‡«≈“πâÕ¬°«à“ À√◊Õ‡∑à“°—∫ 3 ‡¥◊Õπ

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

5,190 1,730,854

5,143 894,902

729 296,104

859 617,941

80,498 1,816,542

228,025 1,128,070

65 296,898

64 618,864

‡ß‘πΩ“°∏π“§“√ª√–‡¿∑®à“¬§◊π‡¡◊ËÕ∑«ß∂“¡†·≈–µ—Î«‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π¡’Õ—µ√“¥Õ°‡∫’È¬∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°√âÕ¬≈– 0.99 µàÕªï (æ.». 2545†: √âÕ¬≈– 1.65 µàÕªï)

4. ‡ß‘ π ≈ß∑ÿ π ™—Ë « §√“« æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

‡ß‘ π ≈ß∑ÿ π ∑—Ë « ‰ª ‡ß‘πΩ“°∏π“§“√ª√–‡¿∑ª√–®” √«¡‡ß‘ π ≈ß∑ÿ π ∑—Ë « ‰ª

13,470 13,470

28,293 28,293

À≈— ° ∑√— æ ¬å ‡ º◊Ë Õ ¢“¬ µ√“ “√Àπ’È µ√“ “√∑ÿπ ∫«° (À—°) §à“‡º◊ËÕ°“√ª√—∫¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ √«¡À≈—°∑√—æ¬å‡º◊ËÕ¢“¬ - ÿ∑∏‘ √«¡‡ß‘ π ≈ß∑ÿ π ™—Ë « §√“«

447,150 1,025 1,255 ( 449,430 462,900

115,800 1,025 35) 116,790 145,083

100,000 1,025 1,255 ( 102,280 102,280

1,025 35) 990 990

‡ß‘πΩ“°ª√–®”¡’Õ—µ√“¥Õ°‡∫’È¬∂—«‡©≈’Ë¬√âÕ¬≈–†1.13†µàÕªï†(æ.».†2545†:†√âÕ¬≈–†1.88†µàÕªï)†‡ß‘πΩ“°ª√–®”®”π«π 9.6†≈â“π∫“∑†‰¥âπ”‰ª„™â §È” ª√–°— π °“√„Àâ ∏ π“§“√ÕÕ°Àπ— ß ◊ Õ §È” ª√–°— π „Àâ ° ≈ÿà ¡ ∫√‘ …— ∑

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°“√‡ª≈’Ë ¬ π·ª≈ß„πÀ≈— ° ∑√— æ ¬å ‡ º◊Ë Õ ¢“¬„π√–À«à “ ßªï ¡’ ¥— ß π’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

À≈— ° ∑√— æ ¬å ‡ º◊Ë Õ ¢“¬ √“§“µ“¡∫—≠™’µâπªï - ÿ∑∏‘ ´◊È Õ ‡ß‘ π ≈ß∑ÿ π ®”Àπà “ ¬‡ß‘ π ≈ß∑ÿ π °“√‡ª≈’Ë ¬ π·ª≈ß„π¡Ÿ ≈ §à “ ‡ß‘ π ≈ß∑ÿ π √“§“µ“¡∫—≠™’ª≈“¬ªï - ÿ∑∏‘

116,790 432,400 ( 101,050) ( 1,290 449,430

2,400 115,800 4,061) 2,651 116,790

990 100,000 ( 1,290 102,280

2,400 4,061) 2,651 990

5. ≈Ÿ °Àπ’È°“√§â“ - ÿ ∑ ∏‘ æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 ≈Ÿ°Àπ’°È “√§â“ - ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π (À¡“¬‡Àµÿ 27 ©) - Õ◊ËπÊ (∫ÿ§§≈¿“¬πÕ°) À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ( ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘

12,645 100,628 7,491) ( 105,782

15,178 104,357 5,438) 114,097

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

(

26,109 26,158 257) ( 52,010

24,758 26,721 519) 50,960

°≈ÿà ¡ ∫√‘ …— ∑ ‰¡à ¡’ ° “√°√–®ÿ ° µ— « ¢Õß§«“¡‡ ’Ë ¬ ß¥â “ π°“√„Àâ ‘ π ‡™◊Ë Õ ·°à ≈Ÿ ° Àπ’È † ‡π◊Ë Õ ß®“°°≈ÿà ¡ ∫√‘ …— ∑ ¡’ ≈Ÿ ° §â “ ®”π«π¡“° ·≈–Õ¬Ÿà „π°≈ÿà ¡ ∏ÿ √ °‘ ® ∑’Ë µà “ ß°— π †ºŸâ ∫ √‘ À “√¢Õß°≈ÿà ¡ ∫√‘ …— ∑ ‡™◊Ë Õ «à “ °≈ÿà ¡ ∫√‘ …— ∑ ‰¡à ¡’ § «“¡‡ ’Ë ¬ ß¥â “ π°“√„Àâ ‘ π ‡™◊Ë Õ Õ◊Ë π πÕ°‡Àπ◊ Õ ®“°®”π«π§à “ ‡º◊Ë Õ Àπ’È ß — ¬ ®– Ÿ ≠ ∑’Ë ‰ ¥â ∫— π ∑÷ ° „πß∫°“√‡ß‘ π ·≈â « †´÷Ë ß ª√–‡¡‘ π ®“°ª√– ∫°“√≥å ° “√™”√–‡ß‘ π „πÕ¥’µ†‡ß‘π¡—¥®”√—∫®“°≈Ÿ°§â“†·≈–ªí®®—¬Õ◊Ëπ†µ≈Õ¥®π ¿“«–∑“ß‡»√…∞°‘®¿“¬„πª√–‡∑»

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≈Ÿ ° Àπ’È ° “√§â “ †≥†«— π ∑’Ë † 31†∏— π «“§¡†·¬°µ“¡Õ“¬ÿ À π’È ∑’Ë §â “ ß™”√–‰¥â ¥— ß π’È æ—π∫“∑ ß∫°“√‡ß‘π√«¡ ∫√‘…—∑ ∑’‡Ë °’¬Ë «¢âÕß ¿“¬„π 3 ‡¥◊Õπ 3 - 6 ‡¥◊Õπ 6 - 12 ‡¥◊Õπ ‡°‘π°«à“ 12 ‡¥◊Õπ À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠

‡ß‘ π ¡— ¥ ®”√— ∫ ®“°≈Ÿ ° §â “

æ.». 2546 ∫ÿ§§≈ ¿“¬πÕ°

√«¡

∫√‘…—∑ ∑’‡Ë °’¬Ë «¢âÕß

æ.». 2545 ∫ÿ§§≈ ¿“¬πÕ°

√«¡

6,268 73,314 79,582 5,069 17,342 22,411 220 7,333 7,553 1,088 2,639 3,727 12,645 100,628 113,273 ( 7,491) ( 7,491) 12,645 93,137 105,782

10,289 90,061 100,350 2,456 6,406 8,862 1,200 1,568 2,768 1,233 6,322 7,555 15,178 104,357 119,535 ( 5,438) ( 5,438) 15,178 98,919 114,097

21,470 117,756 139,226

20,557 124,824 145,381

æ—π∫“∑ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ∫√‘…—∑ ∑’‡Ë °’¬Ë «¢âÕß ¿“¬„π 3 ‡¥◊Õπ 3 - 6 ‡¥◊Õπ 6 - 12 ‡¥◊Õπ ‡°‘π°«à“ 12 ‡¥◊Õπ À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠

‡ß‘ π ¡— ¥ ®”√— ∫ ®“°≈Ÿ ° §â “

æ.». 2546 ∫ÿ§§≈ ¿“¬πÕ°

√«¡

∫√‘…—∑ ∑’‡Ë °’¬Ë «¢âÕß

æ.». 2545 ∫ÿ§§≈ ¿“¬πÕ°

√«¡

22,456 22,155 44,611 3,140 3,121 6,261 186 416 602 327 466 793 26,109 26,158 52,267 ( 257) ( 257) 26,109 25,901 52,010

20,512 22,809 43,321 2,356 1,223 3,579 1,346 705 2,051 544 1,984 2,528 24,758 26,721 51,479 ( 519) ( 519) 24,758 26,202 50,960

20,812

19,610

82,922 103,734

89,307 108,917

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152

6. ‘ π ∑√— æ ¬å À¡ÿ π ‡«’ ¬ πÕ◊Ë π æ— π ∫“∑

√“¬‰¥â §â “ ß√— ∫ ≈Ÿ ° Àπ’È Õ◊Ë π ‡ß‘π∑¥√Õß®à“¬ §à “ „™â ®à “ ¬®à “ ¬≈à « ßÀπâ “ ‘ π §â “ §ß‡À≈◊ Õ ¥Õ°‡∫’È ¬ §â “ ß√— ∫ ‡ß‘ π ≈à « ßÀπâ “ §à “ °à Õ √â “ ß

ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

210,530 160,026 22,054 21,234 2,800 2,198 2,130 420,972

95,935 3,639 284 13,018 8 82 112,966

120,208 191,220 2,552 20,983 2,461 5,390 15,863 358,677

75,203 58,741 507 12,141 8 1,808 148,408

7. ‡ß‘ π ≈ß∑ÿ π „π∫√‘ …— ∑ ¬à Õ ¬·≈–°‘ ® °“√√à « ¡§â “ °“√‡ª≈’Ë ¬ π·ª≈ß„π‡ß‘ π ≈ß∑ÿ π „π∫√‘ …— ∑ ¬à Õ ¬·≈–°‘ ® °“√√à « ¡§â “ „π√–À«à “ ßªï ¡’ ¥— ß π’È æ— π ∫“∑ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 √“§“µ“¡∫—≠™’µâπªï - ÿ∑∏‘ à « π·∫à ß º≈°”‰√°à Õ π¿“…’ à « π·∫à ß ¿“…’ „π∫√‘…—∑¬àÕ¬ (À¡“¬‡Àµÿ 20) à « π·∫à ß º≈°”‰√À≈— ß ¿“…’ ´◊È Õ Àÿâ π ‡æ‘Ë ¡ ∑ÿ π „π∫√‘ …— ∑ ¬à Õ ¬ ‡æ‘Ë ¡ ∑ÿ π „π∫√‘ …— ∑ ¬à Õ ¬ ®”Àπà “ ¬·≈–≈¥‡ß‘ π ≈ß∑ÿ π °”‰√®“°°“√∑’Ë ¬— ß ‰¡à √— ∫ √Ÿâ ® “°√“¬°“√√–À«à “ ß∫√‘ …— ∑ ‡ß‘ π ªí π º≈√— ∫ √“§“µ“¡∫—≠™’ª≈“¬ªï - ÿ∑∏‘

6,772,683 4,857,216 551,631 453,382 ( 35,363) ( 48,978) 516,268 404,404 1,230,425 1,598,308 175,000 ( 134,499) ( 75,813) 68,168 ( 558,750) ( 254,600) 7,826,127 6,772,683

PAGE

∏ÿ √ °‘ ® À≈— °

∑ÿ π ™Ì “ √–·≈â « 2546 2545 ≈â“π∫“∑ ≈â“π∫“∑

153

— ¥ à « π‡ß‘ π ≈ß∑ÿ π ∑“ßµ√ß 2546 2545 √â Õ ¬≈– √â Õ ¬≈–

‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à ®”°—¥

(1) (1), (2) ·≈– (4) (3) (1)

1,500.0 1,000.0

1,360.0 1,000.0

100.0 100.0

830.0 200.0

100.0 100.0

1.0 1.0 900.0

100.0 100.0 84.0

260.0 399.5

260.0 212.5

78.1 62.0

402.0

60.0

(1) (1)

300.0 315.1

60.5 60.0

(5) (5) (5) (5)

289.7 405.3 1,575.0 379.0

395.4 450.0 1,450.0 -

60.5 100.0 58.1 100.0

60.5 100.0 54.5 -

∫√‘…—∑ À≈—ß «π ‡√’¬≈µ’È ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ √—µπ“∏‘‡∫»√å ®”°—¥ (™◊ËÕ‡¥‘¡ ç∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ‚§√“™é) ∫√‘…—∑ ‡´Áπ∑√—≈ ‡√’¬≈µ’È ‡´Õ√å«‘ ®”°—¥ (2) ∫√‘…—∑ ‡´Áπ∑√—≈ øŸÑ¥Õ‡«π‘« ®”°—¥ (4) ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å ∑“«‡«Õ√å (1) (™◊ËÕ‡¥‘¡ ç∫√‘…—∑ ‡´Áπ∑√—≈ ´’∫’¥’ ®”°—¥é) ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ¢Õπ·°àπ ®”°—¥ (1) ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´à“ ®”°—¥ (2) ·≈– (4) (™◊ËÕ‡¥‘¡ ç∫√‘…—∑ ‡´Áπ∑√—≈ ´’∫’¥’ ‡√’¬≈µ’È ‡´Õ√å«‘ ®”°—¥é) ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ‰ππå ·§«√å ®”°—¥ (1)

‡ß‘π≈ß∑ÿπ„π°‘®°“√√à«¡§â“ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 3 ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ™≈∫ÿ√’ ®”°—¥

‡ß‘π≈ß∑ÿπ„π°Õß∑ÿπ√«¡ °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬

1 2 4 5

∏ÿ √ °‘ ® À≈— ° ¢Õß∫√‘ …— ∑ ¬à Õ ¬·≈–°‘ ® °“√√à « ¡§â “ (1) (2) (3) (4) (5)

°à Õ √â “ ßÕ“§“√»Ÿ π ¬å ° “√§â “ ·≈–Õ“§“√ ”π— ° ß“π‡æ◊Ë Õ „Àâ ‡ ™à “ „Àâ ∫ √‘ ° “√¥â “ π “∏“√≥Ÿ ª ‚¿§¿“¬„π»Ÿ π¬å °“√§â “ °à Õ √â “ ßÀâ Õ ß™ÿ ¥ æ— ° Õ“»— ¬ ·≈–Õ“§“√√â “ π§â “ ‡æ◊Ë Õ „Àâ ‡ ™à “ ¢“¬Õ“À“√·≈–‡§√◊Ë Õ ß¥◊Ë ¡ ≈ß∑ÿ π „π∏ÿ √ °‘ ® Õ — ß À“√‘ ¡ ∑√— æ ¬å ∑ÿ π ™”√–·≈â « ·≈– — ¥ à « π‡ß‘ π ≈ß∑ÿ π „π°Õß∑ÿ π √«¡∑—È ß À¡¥‡ªì π ∑ÿ π ∑’Ë ™”√–·≈â « ·≈–‡ªì π — ¥ à « π°“√≈ß∑ÿ π „πÀπà « ¬ ≈ß∑ÿ π ∑’Ë ¡’ ‘ ∑ ∏‘Ï „ π°“√√— ∫ ‡ß‘ π ªí π º≈À≈— ß ®“°∑’Ë À πà « ¬≈ß∑ÿ π ª√–‡¿∑Õ◊Ë π ‰¥â √— ∫ ‰ª·≈â «

PAGE

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æ— π ∫“∑ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ‡ß‘ π ≈ß∑ÿ π «‘ ∏’ √ “§“∑ÿ π ‡ß‘ π ≈ß∑ÿ π «‘ ∏’ à « π‰¥â ‡ ’ ¬ 2546 2545 2546 2545 ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à ®”°—¥ ∫√‘…—∑ À≈—ß «π ‡√’¬≈µ’È ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ √—µπ“∏‘‡∫»√å ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡√’¬≈µ’È ‡´Õ√å«‘ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ øŸÑ¥Õ‡«π‘« ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å ∑“«‡«Õ√å ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´à“ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ¢Õπ·°àπ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ‰ππå ·§«√å ®”°—¥ ‡ß‘π≈ß∑ÿπ„π°‘®°“√√à«¡§â“ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 3 ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ™≈∫ÿ√’ ®”°—¥ ‡ß‘π≈ß∑ÿπ„π°Õß∑ÿπ√«¡ °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 1 °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 2 °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 4 °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 5 √«¡

1,500,000 1,000,000 830,000 199,999 1,000 1,000 676,874 247,182 203,149 241,200

1,360,000 1,000,000 830,000 199,999 1,000 1,000 676,874 131,480 203,149 241,200

1,475,363 934,542 1,015,388 5,989 101,465 8,713 676,674 132,425 98,495 236,571

1,243,754 936,503 1,023,891 99,186 11,183 676,813 131,473 92,944 237,024

524,934 189,084

699,840 134,555

698,175 143,976

210,586 450,570 1,364,608 376,680 8,016,866

272,385 499,950 789,910 6,920,965

175,284 401,199 1,352,944 376,680 7,826,127

237,082 450,579 790,100 6,772,683

‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬∑—ÈßÀ¡¥‡ªìπ‡ß‘π≈ß∑ÿπ„πÀÿâπ “¡—≠¢Õß∫√‘…—∑†·≈–‰¡à¡’°“√‡ª≈’Ë¬π·ª≈ß®“°ªï†æ.».†2545 ¬°‡«â π ‡ß‘ π ≈ß∑ÿ π „π∫√‘ …— ∑ ¥— ß µà Õ ‰ªπ’È

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155

„π‡¥◊ Õ π¡’ π “§¡†æ.».†2546†°≈ÿà ¡ ∫√‘ …— ∑ ‰¥â √à « ¡≈ß∑ÿ π „π°Õß∑ÿ π √«¡∏ÿ √ °‘ ® ‰∑¬†5†‚¥¬°Õß∑ÿ π √«¡∏ÿ √ °‘ ® ‰∑¬†5 ‡ªì π °Õß∑ÿ π ´÷Ë ß ®¥∑–‡∫’ ¬ π®— ¥ µ—È ß °— ∫ §≥–°√√¡°“√°”°— ∫ À≈— ° ∑√— æ ¬å · ≈–µ≈“¥À≈— ° ∑√— æ ¬å ‡ ªì π ª√–‡¿∑°Õß∑ÿ π √«¡Õ — ß À“ √‘¡∑√—æ¬å·≈– ‘∑∏‘‡√’¬°√âÕßª√–‡¿∑‰¡à√—∫´◊ÈÕ§◊πÀπà«¬≈ß∑ÿπ†‰¡à°”Àπ¥Õ“¬ÿ‚§√ß°“√†≥†«—π∑’Ë†31†∏—π«“§¡†æ.».†2546 °≈ÿà ¡ ∫√‘ …— ∑ ¡’ — ¥ à « π∂◊ Õ Àπà « ¬≈ß∑ÿ π ∑—È ß ∑“ßµ√ß·≈–∑“ßÕâ Õ ¡„π — ¥ à « π√â Õ ¬≈–†100†¢ÕßºŸâ ∂◊ Õ Àπà « ¬≈ß∑ÿ π ª√–‡¿∑†§ ´÷Ë ß ®–‰¥â √— ∫ ‡ß‘ π ªí π º≈∑’Ë ‡ À≈◊ Õ À≈— ß ®“°ºŸâ ∂◊ Õ Àπà « ¬≈ß∑ÿ π ª√–‡¿∑Õ◊Ë π ‰¥â √— ∫ ‰ª·≈â « „π√–À«à“ßªï†æ.».†2546†∫√‘…—∑‰¥â≈ß∑ÿπ„πÀÿâπ‡æ‘Ë¡∑ÿπ¢Õß∫√‘…—∑†‡´Áπ∑√—≈†æ—≤π“†æ√–√“¡†2†®”°—¥†·≈–†∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´à“ ®”°—¥ ‡ªìπ®”π«π‡ß‘π 140.0 ≈â“π∫“∑ ·≈– 115.7 ≈â“π∫“∑†µ“¡≈”¥—∫ ∫√‘ …— ∑ ‰¥â π”ß∫°“√‡ß‘ π ¢Õß°Õß∑ÿ π √«¡∑—È ß À¡¥¡“√«¡„π°“√®— ¥ ∑”ß∫°“√‡ß‘ π √«¡†‚¥¬°Õß∑ÿ π √«¡∏ÿ √ °‘ ® ‰∑¬†1 ‰¥â π”¡“√«¡µ“¡«‘ ∏’ √ «¡µ“¡ — ¥ à « π†‡π◊Ë Õ ß®“°°≈ÿà ¡ ∫√‘ …— ∑ ·≈–ºŸâ ∂◊ Õ Àπà « ¬≈ß∑ÿ π ª√–‡¿∑†¢†Õ◊Ë π §«∫§ÿ ¡ °Õß∑ÿ π π’È √à « ¡°— π à«π°Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬†2†°Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬†4†·≈–°Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬†5†‰¥âπ”¡“√«¡∑—Èßß∫°“√‡ß‘π†(‡ ¡◊Õπ ∫√‘ …— ∑ ¬à Õ ¬)†‡æ√“–°≈ÿà ¡ ∫√‘ …— ∑ “¡“√∂§«∫§ÿ ¡ °“√¥”‡π‘ π ß“π¢Õß°Õß∑ÿ π π’È ‰ ¥â ∑—È ß À¡¥

8. ‡ß‘ π ≈ß∑ÿ π Õ◊Ë π †-†°‘ ® °“√∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π °“√‡ª≈’Ë¬π·ª≈ß„π‡ß‘π≈ß∑ÿπÕ◊Ëπ -†°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π„π√–À«à“ßªï¡’¥—ßπ’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 √“§“µ“¡∫— ≠ ™’ µâ π ªï - ÿ ∑ ∏‘ ®”Àπà “ ¬‡ß‘ π ≈ß∑ÿ π §à “ ‡º◊Ë Õ °“√¥â Õ ¬§à “ √“§“µ“¡∫— ≠ ™’ ª ≈“¬ªï - ÿ ∑ ∏‘

( (

27,736 1,039) ( 26,697) -

53,386 25,650) 27,736

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 -

PAGE

156

2546 °“√∂◊ Õ Àÿâ π √â Õ¬≈–

æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 2546 2545

‡ß‘π≈ß∑ÿπÕ◊Ëπ - ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑ ¬“¡ √’‡∑≈ ¥’‡«≈≈ÁÕª‡¡âπ∑å ®”°—¥ ∫√‘…—∑ Õ¬ÿ∏¬“‡°…µ√∏“π’ ®”°—¥ ∫√‘…—∑ ·§«√å√‘∑´å æ≈“´à“ ®”°—¥ √«¡‡ß‘π≈ß∑ÿπ - √“§“∑ÿπ À—° §à“‡º◊ËÕ°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπ

15 12 12

66,250 66,250 50,397 50,397 15,000 15,000 131,647 131,647 ( 131,647) ( 103,911) 27,736

9. ‡ß‘ π ≈ß∑ÿ π √–¬–¬“«Õ◊Ë π

°“√∂◊ Õ Àÿâ π √â Õ¬≈–

æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 2546 2545

‡ß‘ π ≈ß∑ÿ π „π∫√‘ …— ∑ Õ◊Ë π ∫√‘…—∑ ∫“ß°Õ°§≈—∫ ®”°—¥

‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π √«¡‡ß‘ π ≈ß∑ÿ π Õ◊Ë π

0.1

1,000 21,132 22,132

1,000 21,792 22,792

1,000 1,000

‡ß‘ π Ω“° ∂“∫— π °“√‡ß‘ π ®”π«π†19.9†≈â “ π∫“∑†≥†«— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†‰¥â π”‰ª§È” ª√–°— π °“√„™â ‰ øøÑ “ °— ∫ Õß§å ° “√√— ∞ «‘ “À°‘ ® ·Àà ß Àπ÷Ë ß

PAGE

157

10. ¿“…’ ‡ ß‘ π ‰¥â √ Õ°“√µ— ¥ ∫—≠™’ ‘ π ∑√— æ ¬å · ≈–Àπ’È ‘ π ¿“…’ ‡ ß‘ π ‰¥â √ Õµ— ¥ ∫— ≠ ™’ † ®”π«π¥— ß µà Õ ‰ªπ’È · ¥ßÕ¬Ÿà „πß∫¥ÿ≈√«¡·≈–ß∫¥ÿ≈‡©æ“–∫√‘…—∑ æ— π ∫“∑

‘ π ∑√— æ ¬å ¿ “…’ ‡ ß‘ π ‰¥â √ Õ°“√µ— ¥ ∫— ≠ ™’ Àπ’È ‘ π ¿“…’ ‡ ß‘ π ‰¥â √ Õ°“√µ— ¥ ∫— ≠ ™’

ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

747,857 693,125 ( 493,403) ( 529,432) 254,454 163,693

590,779 599,086 ( 441,149) ( 462,314) 149,630 136,772

°“√‡ª≈’Ë ¬ π·ª≈ß„π¿“…’ ‡ ß‘ π ‰¥â √ Õµ— ¥ ∫— ≠ ™’ √ –À«à “ ßªï ¡’ ¥— ß π’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

693,125 813,933 89,731 135,769 34,999) ( 256,577) 747,857 693,125

599,086 38,218 46,525) ( 590,779

‘ π ∑√— æ ¬å ¿ “…’ ‡ ß‘ π ‰¥â √ Õ°“√µ— ¥ ∫— ≠ ™’ ¬Õ¥¬°¡“µâ π ªï ‡æ‘Ë ¡ ¢÷È π √–À«à “ ßªï ≈¥≈ß√–À«à “ßªï ¬Õ¥§ß‡À≈◊Õª≈“¬ªï

(

570,696 50,146 21,756) 599,086

Àπ’È ‘ π ¿“…’ ‡ ß‘ π ‰¥â √ Õ°“√µ— ¥ ∫— ≠ ™’ ¬Õ¥¬°¡“µâ π ªï ‡æ‘Ë ¡ ¢÷È π √–À«à “ ßªï ≈¥≈ß√–À«à “ßªï ¬Õ¥§ß‡À≈◊Õª≈“¬ªï

( 529,432) ( 735,650) 36,029 206,218 ( 493,403) ( 529,432)

( 462,314) ( 501,412) 21,165 39,098 ( 441,149) ( 462,314)

PAGE

158

31 ∏—π«“§¡ æ.». 2546 æ—π∫“∑ ß∫°“√‡ß‘π√«¡ §à“‡º◊ÕË Àπ’È §à“‡º◊ÕË Õ“§“√¿“¬„µâ ‡ß‘π¡—¥®Ì“√—∫ ß —¬®– Ÿ≠ °“√¥âÕ¬§à“ —≠≠“¢“¬Ω“° ®“°≈Ÿ°§â“

Ì“√Õß Õ◊πË Ê

√«¡

‘ π ∑√— æ ¬å ¿ “…’ ‡ ß‘ π ‰¥â √Õ°“√µ— ¥ ∫— ≠ ™’ ¬Õ¥¬°¡“µâ π ªï ∫—π∑÷°/ (À—°) ‡¢â“ß∫°”‰√¢“¥∑ÿπ ¬Õ¥§ß‡À≈◊Õª≈“¬ªï

50,464 70,783 521,208 615 ( 35,692) (27,429) 51,079 35,091 493,779

29,269 53,223 82,492

√“¬‰¥â√—∫ ≈à«ßÀπâ“

21,401 693,125 64,015 54,732 85,416 747,857

æ—π∫“∑ Õ◊πË Ê

√«¡

Àπ’È ‘ π ¿“…’ ‡ ß‘ π ‰¥â √ Õ°“√µ— ¥ ∫— ≠ ™’ ¬Õ¥¬°¡“µâ π ªï ∫—π∑÷°/ (À—°) ‡¢â“ß∫°”‰√¢“¥∑ÿπ ¬Õ¥§ß‡À≈◊Õª≈“¬ªï

521,208 8,224 529,432 ( 27,429) ( 8,600) ( 36,029) 493,779 ( 376) 493,403

PAGE

159

31 ∏—π«“§¡ æ.». 2546 æ—π∫“∑ ß∫°“√‡ß‘π√«¡‡©æ“–∫√‘…—∑ §à“‡º◊ÕË Àπ’È §à“‡º◊ÕË Õ“§“√¿“¬„µâ ‡ß‘π¡—¥®Ì“√—∫ ß —¬®– Ÿ≠ °“√¥âÕ¬§à“ —≠≠“¢“¬Ω“° ®“°≈Ÿ°§â“

Ì“√Õß Õ◊πË Ê

48,988 37,613 462,303 ( 89) ( 10,246) (20,777) 48,899 27,367 441,526

20,913 599,086 8,787 ( 8,307) 29,700 590,779

√«¡

29,269 14,018 43,287

√“¬‰¥â√—∫ ≈à«ßÀπâ“

æ—π∫“∑ Õ◊πË Ê

√«¡

462,303 ( 20,777) ( 441,526 (

11 462,314 388) ( 21,165) 377) 441,149

¿“…’ ‡ ß‘ π ‰¥â √ Õ°“√µ— ¥ ∫— ≠ ™’ ∑’Ë · ¥ß„πß∫¥ÿ ≈ ª√–°Õ∫¥â « ¬√“¬°“√¥— ß π’È æ— π ∫“∑

‘ π ∑√— æ ¬å ¿ “…’ ‡ ß‘ π ‰¥â √ Õµ— ¥ ∫— ≠ ™’ ´÷Ë ß ®–‰¥â √— ∫ ª√–‚¬™πå°≈—∫§◊π¿“¬À≈—ß 12 ‡¥◊Õπ Àπ’È ‘ π ¿“…’ ‡ ß‘ π ‰¥â √ Õµ— ¥ ∫— ≠ ™’ ´÷Ë ß ®–‰¥â √— ∫ ª√–‚¬™πå°≈—∫§◊π¿“¬À≈—ß 12 ‡¥◊Õπ

ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

466,350

493,966

420,749

441,606

466,350

493,966

420,749

441,606

PAGE

160

11. ∑’Ë ¥‘ π †Õ“§“√†·≈–Õÿ ª °√≥å æ—π∫“∑ ß∫°“√‡ß‘π√«¡ ∑’¥Ë π‘

‘∑∏‘°“√‡™à“ √∂¬πµå Õ“§“√æ√âÕ¡ ‘∑∏‘°“√‡™à“ Õ“§“√·≈– ·≈–Õÿª°√≥å ß“π√–À«à“ß ‘ßË ª≈Ÿ° √â“ß ∑’¥Ë π‘ à«πª√—∫ª√ÿß Ì“π—°ß“π °àÕ √â“ß

‚§√ß°“√ √–À«à“ß °“√æ—≤π“

√«¡

≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2546 √“§“∑ÿπ À—° §à“‡ ◊ÕË ¡√“§“ – ¡ √“§“µ“¡∫—≠™’ - ÿ∑∏‘

2,212,437 2,212,437

4,292,520 4,292,520

1,234,032 (322,300) 911,732

13,248,764 (3,935,139) 9,313,625

534,479 (353,675) 180,804

19,494 19,494

2,457,770 (56,469) 2,401,301

23,999,496 (4,667,583) 19,331,913

2,212,437

4,292,520

911,732

9,313,625

180,804

19,494

2,401,301

19,331,913

313,645

790,215

123,780

318,471

212,835

2,230,832

”À√—∫ªï π‘È ÿ¥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2546 √“§“µ“¡∫—≠™’µπâ ªï - ÿ∑∏‘ ´◊ÕÈ ‘π∑√—æ¬å / ‚Õπ‡¢â“ √–À«à“ßªï ®”Àπà“¬ ‘π∑√—æ¬å/ ‚ÕπÕÕ° √–À«à“ßªï ‚Õπ√–À«à“ß°—π ®—¥ª√–‡¿∑„À¡à §à“‡ ◊ÕË ¡√“§“ Àπ’ È π‘ ¿“¬„µâ ≠— ≠“‡™à“ √–¬–¬“« √“§“µ“¡∫—≠™’ª≈“¬ªï- ÿ∑∏‘

471,886

223,600 -

(35,579) (1,200,000) (25,124)

(95,727)

(24,965) 869,161 (297,578) (687,151)

(1,358) (71,516)

(24,270) (91,895) -

(114,319) (965,287) 1,497,578 (3,552)

(164,912) (883,070)

2,907,923

(156,013) 2,875,804

(16,586) 1,113,064

9,963,307

231,710

221,800

3,028,556

(172,599) 20,342,164

2,907,923 -

3,092,520 (60,703)

1,564,263 (434,613)

14,650,742 (4,687,435)

624,471 (392,761)

221,800 -

3,088,577 (60,021)

26,150,296 (5,635,533)

2,907,923

(156,013) 2,875,804

(16,586) 1,113,064

9,963,307

231,710

221,800

3,028,556

(172,599) 20,342,164

≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2546 √“§“∑ÿπ À—° §à“‡ ◊ÕË ¡√“§“ – ¡ Àπ’ È π‘ ¿“¬„µâ ≠— ≠“‡™à“ √–¬–¬“« √“§“µ“¡∫—≠™’- ÿ∑∏‘

∑’Ë ¥‘ π †Õ“§“√·≈–Õÿ ª °√≥å à « π„À≠à ‡ ªì π ‘ π ∑√— æ ¬å ´÷Ë ß ¡’ ‰ «â „ Àâ ‡ ™à “ ≈— ° …≥– — ≠ ≠“‡™à “ ¥”‡π‘ π ß“π °≈ÿà¡∫√‘…—∑‰¥âπ”∑’Ë¥‘π†Õ“§“√†·≈– à«πª√—∫ª√ÿßÕ“§“√´÷Ëß¡’¡Ÿ≈§à“µ“¡∫—≠™’®”π«π†9,016†≈â“π∫“∑†(æ.».†2545: 2,658†≈â“π∫“∑)†‰ª«“ß‡ªìπÀ≈—°ª√–°—π ”À√—∫‡ß‘π°Ÿâ¬◊¡†(À¡“¬‡Àµÿ 13) °≈ÿà ¡ ∫√‘ …— ∑ ¡’ À π’È ‘ π µ“¡∫— ≠ ™’ ¿ “¬„µâ — ≠ ≠“‡™à “ √–¬–¬“«®”π«π†173†≈â “ π∫“∑†∑’Ë ‡ °‘ ¥ ®“°º≈·µ°µà “ ß¢Õß®”π«π ‡ß‘ π ∑’Ë ®à “ ¬‰ª®√‘ ß µ“¡ — ≠ ≠“‡™à “ °— ∫ «‘ ∏’ µ— ¥ ®à “ ¬∑’Ë ‡ ªì π √–∫∫µ“¡¡“µ√∞“π°“√∫— ≠ ™’ ‡ √◊Ë Õ ß — ≠ ≠“‡™à “ √–¬–¬“«†°≈ÿà ¡ ∫√‘ …— ∑ ‰¥â π”Àπ’È ‘ π ¿“¬„µâ — ≠ ≠“‡™à “ √–¬–¬“«¡“À— ° °≈∫≈∫°— ∫ ‘ ∑ ∏‘ ° “√‡™à “ Õ“§“√æ√â Õ ¡ ‘Ë ß ª≈Ÿ ° √â “ ß∑’Ë ®à “ ¬ÕÕ°‰ª≈à « ßÀπâ “ ‡π◊Ë Õ ß®“°Àπ’È ‘ π ·≈– ‘ π ∑√— æ ¬å ¥— ß °≈à “ «‡ªì π ®”π«π∑’Ë µâ Õ ß®à “ ¬·≈–‰¥â ®à “ ¬‰ª‡æ◊Ë Õ „Àâ ‰ ¥â ¡ “´÷Ë ß ‚§√ß°“√‡¥’ ¬ «°— π

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‚§√ß°“√√–À«à “ ß°“√æ— ≤ π“† ”À√— ∫ ªï ‘È π ÿ ¥ «— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†‰¥â √ «¡µâ π ∑ÿ π °“√°Ÿâ ¬◊ ¡ ´÷Ë ß ‰¥â · °à ¥Õ°‡∫’È¬®à“¬∑’Ë∫—π∑÷°‡ªìπµâπ∑ÿπ¢Õß ‘π∑√—æ¬å®”π«π†4†≈â“π∫“∑†(æ.».†2545†:†71†≈â“π∫“∑)†‚¥¬§”π«≥®“°Õ—µ√“µ—Èß¢÷Èπ‡ªìπ∑ÿπ „πÕ— µ √“√â Õ ¬≈–†5.50†´÷Ë ß ‡ªì π Õ— µ √“¥Õ°‡∫’È ¬ ∂— « ‡©≈’Ë ¬ ∂à « ßπÈ” Àπ— ° ¢Õß‡ß‘ π °Ÿâ ¬◊ ¡ ∑—È ß ‘È π ∑’Ë °Ÿâ ¬◊ ¡ ¡“‡æ◊Ë Õ «— µ ∂ÿ ª √– ß§å ∑—Ë « ‰ª ‚§√ß°“√√–À«à “ ß°“√æ— ≤ π“‡ªì π »Ÿ π ¬å ° “√§â “ ·≈– ”π— ° ß“πª√–°Õ∫¥â « ¬‚§√ß°“√∑—È ß À¡¥†5†‚§√ß°“√ Õ¬à “ ß‰√°Á µ “¡‚§√ß°“√®”π«π†4†‚§√ß°“√†„π‡¢µ°√ÿ ß ‡∑æ·≈–µà “ ß®— ß À«— ¥ ¢Õß∫√‘ …— ∑ ¬à Õ ¬‰¥â ∂Ÿ ° ™–≈Õ‡ªì π °“√™—Ë « §√“« °“√µ— ¥ ‘ π „®¢ÕßºŸâ ∫ √‘ À “√„π°“√¥”‡π‘ π °“√°à Õ √â “ ß‚§√ß°“√¥— ß °≈à “ «¢÷È π Õ¬Ÿà °— ∫ ∂“π°“√≥å ∑ “ß‡»√…∞°‘ ® „πÕπ“§µ ·≈–§«“¡ “¡“√∂„π°“√À“‡ß‘ π ∑ÿ π ‡æ‘Ë ¡ ‡µ‘ ¡ †¡Ÿ ≈ §à “ √«¡¢Õß‚§√ß°“√∑—È ß À¡¥∑’Ë ∂Ÿ ° ™–≈Õ‰«â ™—Ë « §√“«†·≈–§à “ ‡º◊Ë Õ °“√¥â Õ ¬§à “ ¢Õß ‚§√ß°“√†≥†«—π∑’Ë†31†∏—π«“§¡†æ.».†2546†¡’®”π«π†1,044†≈â“π∫“∑†·≈–†420†≈â“π∫“∑†(æ.».†2545†:†®”π«π†1,044 ≈â “ π∫“∑†·≈–†420†≈â “ π∫“∑†µ“¡≈”¥— ∫ )†µ“¡≈”¥— ∫ †ºŸâ ∫ √‘ À “√‡™◊Ë Õ «à “ „π¢≥–π’È ‘ π ∑√— æ ¬å ‡ À≈à “ π’È ¡’ ¡Ÿ ≈ §à “ ∑’Ë ® –‰¥â √— ∫ §◊ π ‰¡à πâ Õ ¬°«à “ ¡Ÿ ≈ §à “ ÿ ∑ ∏‘ ¢ Õß ‘ π ∑√— æ ¬å π—È π

∑’¥Ë π‘

æ—π∫“∑ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ‘∑∏‘°“√‡™à“ Õ“§“√·≈– √∂¬πµåå ß“π√–À«à“ß ∑’¥Ë π‘ à«πª√—∫ª√ÿß ·≈–Õÿª°√≥å °àÕ √â“ß Ì“π—°ß“π

√«¡

≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2545 √“§“∑ÿπ À—° §à“‡ ◊ËÕ¡√“§“ – ¡ √“§“µ“¡∫—≠™’ ÿ∑∏‘

209,681 568,416 3,844,519 255,587 ( 187,926) (1,613,717) ( 212,781) 209,681 380,490 2,230,802 42,806

11,797 4,890,000 (2,014,424) 11,797 2,875,576

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ æ.». 2546 √“§“µ“¡∫—≠™’µâπªï - ÿ∑∏‘ ´◊ÈÕ ‘π∑√—æ¬å / ‚Õπ‡¢â“√–À«à“ßªï ®”Àπà“¬ ‘π∑√—æ¬å / ‚ÕπÕÕ°√–À«à“ßªï §à“‡ ◊ËÕ¡√“§“ √“§“µ“¡∫—≠™’ª≈“¬ªï - ÿ∑∏‘

209,681 380,490 2,230,802 42,806 11,797 2,875,576 8,098 24,177 23,468 55,743 ( 463) ( 10,402) ( 10,865) ( 24,966) ( 136,398) ( 17,006) ( 178,370) 209,681 355,524 2,102,502 49,514 24,863 2,742,084

≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2546 √“§“∑ÿπ À—° §à“‡ ◊ËÕ¡√“§“ – ¡ √“§“µ“¡∫—≠™’ - ÿ∑∏‘

209,681 568,416 3,852,617 279,301 ( 212,892) (1,750,115) ( 229,787) 209,681 355,524 2,102,502 49,514

24,863 4,934,878 (2,192,794) 24,863 2,742,084

∫√‘ …— ∑ ‰¥â π”∑’Ë ¥‘ π †Õ“§“√·≈– à « πª√— ∫ ª√ÿ ß Õ“§“√´÷Ë ß ¡’ ¡Ÿ ≈ §à “ µ“¡∫— ≠ ™’ ®”π«π†1,472†≈â “ π∫“∑†(æ.».†2545: 1,539 ≈â“π∫“∑) ¢Õß∫√‘…—∑‰ª«“ß‡ªìπÀ≈—°ª√–°—π ”À√—∫‡ß‘π°Ÿâ¬◊¡ (À¡“¬‡Àµÿ 13)

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162

12. ‘ π ∑√— æ ¬å Õ◊Ë π

æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 ¿“…’‡ß‘π‰¥âÀ—° ≥ ∑’Ë®à“¬ ‡ß‘ π ¡— ¥ ®”·≈–§à “ ‘ ∑ ∏‘ ‡ß‘ π ª√–°— π ‘ ∑ ∏‘ ° “√‡™à “ §à“§«“¡π‘¬¡µ‘¥≈∫ - ÿ∑∏‘

(

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

109,321 27,805 34,723 63,117) (

34,115 14,746 85,777 66,673)

29,193 34,723 -

361 29,831 37,810 -

108,732

67,965

63,916

68,002

°“√‡ª≈’Ë ¬ π·ª≈ß¢Õß§à “ §«“¡π‘ ¬ ¡µ‘ ¥ ≈∫√–À«à “ ßªï ¡’ ¥— ß π’È

æ— π ∫“∑

§à “ §«“¡π‘ ¬ ¡µ‘ ¥ ≈∫ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ æ.». 2546 ¬Õ¥µâ π ªï µ— ¥ ®”Àπà “ ¬‡ªì π √“¬‰¥â √ –À«à “ ßªï ¬Õ¥ª≈“¬ªï

( (

66,673) 3,556 63,117)

≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2546 √“§“∑ÿπ À— ° §à“µ—¥®”Àπà“¬ – ¡ ¬Õ¥ª≈“¬ªï

( (

71,118) 8,001 63,117)

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163

13. ‡ß‘ π°Ÿâ ¬◊ ¡ æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 à « π¢Õß‡ß‘ π °Ÿâ ¬◊ ¡ √–¬–¬“« ∑’Ë ∂÷ ß °”Àπ¥™”√–¿“¬„πÀπ÷Ë ß ªï ‡ß‘ π °Ÿâ ¬◊ ¡ ®“° ∂“∫— π °“√‡ß‘ π µ—Î « — ≠ ≠“„™â ‡ ß‘ π ¢“¬≈¥ ÿ ∑ ∏‘ Àÿâ π °Ÿâ Õ Õ°„Àâ · °à ∂“∫— π °“√‡ß‘ π ‡ß‘ π °Ÿâ ¬◊ ¡ ®“°∫√‘ …— ∑ Õ◊Ë π

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

421,879 361,590 250,000 1,033,469

390,359 2,220,136 1,275,000 200,000 4,085,495

361,590 250,000 611,590

2,220,136 1,275,000 3,495,136

‡ß‘ π °Ÿâ ¬◊ ¡ ®“° ∂“∫— π °“√‡ß‘ π µ—Î « — ≠ ≠“„™â ‡ ß‘ π ¢“¬≈¥ ÿ ∑ ∏‘ Àÿâ π °Ÿâ Õ Õ°„Àâ · °à ∂“∫— π °“√‡ß‘ π

6,115,459 471,150 375,000 6,961,609

2,644,221 183,845 625,000 3,453,066

471,150 375,000 846,150

1,848 183,845 625,000 810,693

√«¡‡ß‘ π °Ÿâ ¬◊ ¡

7,995,078

7,538,561

1,457,740

4,305,829

‡ß‘ π °Ÿâ ¬◊ ¡ √–¬–¬“«

‡ß‘ π °Ÿâ ¬◊ ¡ ∑—È ß À¡¥¡’ À ≈— ° ª√–°— π ‡ªì π ∑’Ë ¥‘ π †Õ“§“√·≈– à « πª√— ∫ ª√ÿ ß Õ“§“√¢Õß∫√‘ …— ∑ ·≈–∫√‘ …— ∑ ¬à Õ ¬µ“¡∑’Ë ° ≈à “ « „πÀ¡“¬‡Àµÿ ª √–°Õ∫ß∫°“√‡ß‘ π ¢â Õ †11†¬°‡«â π ‡ß‘ π °Ÿâ ¬◊ ¡ ®“° ∂“∫— π °“√‡ß‘ π ®”π«π†1,457†≈â “ π∫“∑¢Õß∫√‘ …— ∑ ∑’Ë ‰ ¡à ¡’ À≈— ° ª√–°— π ·≈–®”π«π†1,575†≈â “ π∫“∑¢Õß°≈ÿà ¡ ∫√‘ …— ∑ ∑’Ë §È” ª√–°— π ‚¥¬∫√‘ …— ∑ ‡Õß §«“¡‡ ’Ë ¬ ß®“°Õ— µ √“¥Õ°‡∫’È ¬ ¢Õß‡ß‘ π °Ÿâ ¬◊ ¡ ¢Õß°≈ÿà ¡ ∫√‘ …— ∑ ·≈–∫√‘ …— ∑ †¡’ ¥— ß µà Õ ‰ªπ’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 ‡ß‘ π °Ÿâ ¬◊ ¡ ∑—È ß ‘È π - Õ—µ√“§ß∑’Ë - Õ—µ√“≈Õ¬µ—« - ‰¡à¡’¥Õ°‡∫’È¬

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

6,619,420 1,375,658 -

2,723,981 4,263,582 550,998

832,740 625,000 -

2,523,981 1,781,848 -

7,995,078

7,538,561

1,457,740

4,305,829

PAGE

164

√â Õ ¬≈– ß∫°“√‡ß‘π√«¡ 2546 2545 Õ—µ√“¥Õ°‡∫’È¬∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°µàÕªï - ‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√·≈– ∂“∫—π°“√‡ß‘π - ‡ß‘π°Ÿâ¬◊¡®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π - ‡ß‘π°Ÿâ¬◊¡®“°∫√‘…—∑Õ◊Ëπ

4.94 5.11 -

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

4.89 6.95 4.50

4.87 5.00 -

4.96 4.08 -

‡ß‘π°Ÿâ¬◊¡®”π«π†551†≈â“π∫“∑†≥†31†∏—π«“§¡†æ.».†2545†‡ªìπ‡ß‘π°Ÿâ¬◊¡¢Õß∫√‘…—∑¬àÕ¬∑’Ë ‰¡à¡’¥Õ°‡∫’È¬†‡π◊ËÕß®“° ‡ªìπ√“§“µ“¡∫—≠™’´÷Ëß√«¡®”π«π¥Õ°‡∫’È¬∑’Ë®–µâÕß®à“¬®”π«π†49†≈â“π∫“∑†®“°°“√ª√—∫‚§√ß √â“ßÀπ’È†(À¡“¬‡Àµÿ†21) ¡Ÿ≈§à“µ“¡∫—≠™’·≈–¡Ÿ≈§à“¬ÿµ‘∏√√¡¢Õß‡ß‘π°Ÿâ¬◊¡√–¬–¬“«†≥ «—π∑’Ë 31 ∏—π«“§¡ ¡’¥—ßπ’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ ¡Ÿ ≈ §à “ µ“¡∫— ≠ ™’ 2546 2545 - ‡ß‘ π °Ÿâ ¬◊ ¡ ®“°∏π“§“√·≈– ∂“∫— π °“√‡ß‘ π ·≈–∫√‘ …— ∑ Õ◊Ë π - ‡ß‘ π °Ÿâ ¬◊ ¡ ®“°∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π

7,995,078 -

7,538,561 43,300

¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡ 2546 2545 8,197,050 -

7,774,239 43,300

æ— π ∫“∑ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ¡Ÿ ≈ §à “ µ“¡∫— ≠ ™’ ¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡ 2546 2545 2546 2545 - ‡ß‘ π °Ÿâ ¬◊ ¡ ®“°∏π“§“√·≈– ∂“∫— π °“√‡ß‘ π - ‡ß‘ π °Ÿâ ¬◊ ¡ ®“°∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π

1,457,740 2,051,048

4,305,829 2,754,839

1,542,623 2,051,048

4,445,000 2,754,839

¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡¢Õß‡ß‘ π °Ÿâ ¬◊ ¡ ®“°∏π“§“√·≈– ∂“∫— π °“√‡ß‘ π ·≈–‡ß‘ π °Ÿâ ¬◊ ¡ ®“°∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π §”π«≥®“° °√–· ‡ß‘ π ¥§‘ ¥ ≈¥‚¥¬Õ— µ √“§‘ ¥ ≈¥∑’Ë „ ™â „ π°“√§”π«≥‡ªì π Õ— µ √“§‘ ¥ ≈¥∑’Ë Õâ “ ßÕ‘ ß ®“°Õ— µ √“¥Õ°‡∫’È ¬ ‡ß‘ π °Ÿâ ∑’Ë ° √√¡°“√ ∫√‘ …— ∑ §“¥«à “ ∫√‘ …— ∑ “¡“√∂®— ¥ À“‡ß‘ π °Ÿâ ‰¥â ≥ «—π∑’Ë „πß∫°“√‡ß‘π

PAGE

165

√–¬–‡«≈“°“√§√∫°”Àπ¥¢Õß‡ß‘π°Ÿâ¬◊¡√–¬–¬“« ¡’¥—ßµàÕ‰ªπ’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 §√∫°”Àπ¥¿“¬„π 1 ªï §√∫°”Àπ¥‡°‘π°«à“ 1 ªï ·µà ‰¡à‡°‘π 2 ªï §√∫°”Àπ¥‡°‘π°«à“ 2 ªï ·µà ‰¡à‡°‘π 5 ªï §√∫°”Àπ¥‡°‘π°«à“ 5 ªï

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

1,033,469 1,768,078 2,163,652 3,029,879

4,085,495 572,386 1,825,600 1,055,080

611,590 707,090 139,060 -

3,495,136 185,693 625,000 -

7,995,078

7,538,561

1,457,740

4,305,829

°≈ÿà ¡ ∫√‘ …— ∑ ¡’ « ß‡ß‘ π ‘ π ‡™◊Ë Õ ∑’Ë ¬— ß ¡‘ ‰¥â‡∫‘°„™â ≥ «—π∑’Ë 31 ∏—π«“§¡ ¥—ßπ’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

«ß‡ß‘ π ‘ π ‡™◊Ë Õ ∑’Ë ¬— ß ¡‘ ‰ ¥â ‡ ∫‘ ° „™â ‡ß‘ π °Ÿâ ¬◊ ¡ Õ— µ √“¥Õ°‡∫’È ¬ ≈Õ¬µ— «

1,908,000 1,908,000

2,078,000 2,078,000

93,000 93,000

«ß‡ß‘ π °Ÿâ ¬◊ ¡ ‡À≈à “ π’È ® –§È” ª√–°— π ‚¥¬∫√‘ …— ∑ †·≈–∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π ·Àà ß Àπ÷Ë ß †·≈–°“√¡Õ∫ ‘ ∑ ∏‘ ° “√‡™à “ ·≈– °“√®¥®”πÕß ‘Ë ß ª≈Ÿ ° √â “ ß∑’Ë ¡’ Õ ¬Ÿà „ π¢≥–π’È ¢ Õß∫√‘ …— ∑ ¬à Õ ¬†´÷Ë ß ¡’ ¡Ÿ ≈ §à “ µ“¡∫— ≠ ™’ ®”π«π†174.3†≈â “ π∫“∑†·≈–/À√◊ Õ ∑’Ë ® –¡’ ¢÷È π „πÕπ“§µ¢Õß∫√‘ …— ∑ ¬à Õ ¬‡¡◊Ë Õ ‰¥â ¡’ ° “√‡∫‘ ° ‡ß‘ π °Ÿâ ¬◊ ¡

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14. Àπ’È ‘ π À¡ÿ π ‡«’ ¬ πÕ◊Ë π æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 ‡®â “ Àπ’È Õ◊Ë π §à “ „™â ®à “ ¬§â “ ß®à “ ¬ ‡ß‘ π ª√–°— π º≈ß“π§â “ ß®à “ ¬ ¥Õ°‡∫’È ¬ ®à “ ¬§â “ ß®à “ ¬ Õ◊Ë π †Ê

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

1,602,206 448,114 123,275 7,852 87,635

1,478,292 368,789 152,227 84,099 77,124

54,826 145,414 5,010 7,852 37,777

108,937 139,293 4,953 49,657 25,628

2,269,082

2,160,531

250,879

328,468

‡®â “ Àπ’È Õ◊Ë π „πß∫°“√‡ß‘ π √«¡®”π«π†1,200†≈â “ π∫“∑†‡ªì π Àπ’È § ß§â “ ß∑’Ë µâ Õ ß®à “ ¬‡æ◊Ë Õ „Àâ ‰ ¥â ¡ “´÷Ë ß ‘ ∑ ∏‘ „π‚§√ß°“√ √–À«à “ ß°“√æ— ≤ π“·Àà ß Àπ÷Ë ß

√«¡

200,024,500 200,024,500 200,024,500 200,024,500 35,714,200 35,714,200

400,049,000 35,714,200 435,763,200

≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2546

100,012,250 100,012,250

≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2545 °“√≈¥√“§“µ√“¢ÕßÀÿâπ∑ÿπ °“√ÕÕ°Àÿπâ

100,012,250 100,012,250

≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2544 °“√ÕÕ°Àÿπâ

∑ÿπ∑’ËÕÕ°·≈–™”√–·≈â«

∑ÿπ®¥∑–‡∫’¬π ≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2546 400,049,000 35,714,200 435,763,200

Àÿπâ ®Ì“π«πÀÿπâ Àÿπâ “¡—≠ Àÿâπ∫ÿ√‘¡ ‘∑∏‘

15. ∑ÿ π ‡√◊ Õ πÀÿâ π ·≈– à « π‡°‘ π¡Ÿ ≈ §à “Àÿâ π

2,000,245

2,000,245 -

1,000,123 1,000,122

2,000,245

178,571

®Ì“π«π‡ß‘π Àÿπâ “¡—≠ Àÿâπ∫ÿ√‘¡ ‘∑∏‘

2,178,816

2,000,245 178,571

1,000,123 1,000,122

2,178,816

√«¡

1,186,139

1,186,139 -

821,426

2,007,565

1,186,139 821,426

1,186,139 -

à«π‡°‘π¡Ÿ≈§à“Àÿ—π Àÿπâ “¡—≠ Àÿâπ∫ÿ√‘¡ ‘∑∏‘ √«¡

æ—π∫“∑

4,186,381

3,186,384 999,997

2,186,262 1,000,122

2,178,816

√«¡

PAGE

167

PAGE

168

Àÿâ π “¡— ≠ ®¥∑–‡∫’ ¬ π∑—È ß À¡¥¡’ ®”π«π†400,049,000†Àÿâ π †(æ.».†2545†:†200,024,500†Àÿâ π )†´÷Ë ß ¡’ √ “§“ ¡Ÿ≈§à“Àÿâπ≈– 5 ∫“∑ (æ.». 2545†:†10†∫“∑)†Àÿâπ∑—ÈßÀ¡¥‰¥â™”√–‡µÁ¡¡Ÿ≈§à“·≈â« „π°“√ª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ†‡¡◊ËÕ«—π∑’Ë†15†æƒ»®‘°“¬π†æ.».†2545†ºŸâ∂◊ÕÀÿâπ‰¥â¡’¡µ‘Õπÿ¡—µ‘≈¥∑ÿπ®¥∑–‡∫’¬π ¢Õß∫√‘ …— ∑ „π à « π∑’Ë ”√Õß‰«â ”À√— ∫ Àÿâ π °Ÿâ · ª≈ß ¿“æ·≈–‰¡à ‰ ¥â ¡’ ° “√„™â ‘ ∑ ∏‘ ®”π«π†20,987,750†Àÿâ π †¡Ÿ ≈ §à “ Àÿâ π ≈– 10†∫“∑†∑”„Àâ∫√‘…—∑¡’∑ÿπ®¥∑–‡∫’¬π°àÕπ°“√‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π„À¡à‡∑à“°—∫†100,012,250†Àÿâπ†¡Ÿ≈§à“Àÿâπ≈–†10†∫“∑ ·≈–„π°“√ª√–™ÿ ¡ «‘ “¡— ≠ ºŸâ ∂◊ Õ Àÿâ π „π«— π ‡¥’ ¬ «°— π †ºŸâ ∂◊ Õ Àÿâ π ‰¥â ¡’ ¡ µ‘ Õ πÿ ¡— µ‘ ‡ æ‘Ë ¡ ∑ÿ π ®¥∑–‡∫’ ¬ π¢Õß∫√‘ …— ∑ ®“°Àÿâ π “¡— ≠ ®”π«π†100,012,250†Àÿâπ†´÷Ëß¡’¡Ÿ≈§à“∑’Ëµ√“‰«âÀÿâπ≈–†10†∫“∑†‡ªìπÀÿâπ “¡—≠®”π«π†200,024,500†Àÿâπ†´÷Ëß¡’¡Ÿ≈§à“∑’Ëµ√“‰«â Àÿâ π ≈–†10†∫“∑†∫√‘ …— ∑ ‰¥â √— ∫ §à “ Àÿâ π ”À√— ∫ Àÿâ π ‡æ‘Ë ¡ ∑ÿ π †‡¡◊Ë Õ «— π ∑’Ë † 16†∏— π «“§¡†æ.».†2545†‡ªì π ®”π«π‡ß‘ π ∑—È ß À¡¥ 1,000,122,500†∫“∑†∫√‘ …— ∑ ‰¥â ® ¥∑–‡∫’ ¬ π‡æ‘Ë ¡ ∑ÿ π °— ∫ °√–∑√«ßæ“≥‘ ™ ¬å † ‡¡◊Ë Õ «— π ∑’Ë † 17†∏— π «“§¡†æ.».†2545 ®“°°“√ª√–™ÿ ¡ «‘ “¡— ≠ ºŸâ ∂◊ Õ Àÿâ π †‡¡◊Ë Õ «— π ∑’Ë † 26†¡‘ ∂ÿ π “¬π†æ.».†2546†ºŸâ ∂◊ Õ Àÿâ π ‰¥â Õ πÿ ¡— µ‘ „ Àâ ∫ √‘ …— ∑ ‡æ‘Ë ¡ ∑ÿ π ®¥∑–‡∫’ ¬ π¢Õß∫√‘ …— ∑ ®“°‡¥‘ ¡ †2,000,245,000†∫“∑†‡ªì π †2,178,816,000†∫“∑†‚¥¬°“√ÕÕ°‡ªì π Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ ·ª≈ß ¿“æ‡ªìπÀÿâπ “¡—≠‰¥â®”π«π†35,714,200†Àÿâπ†¡Ÿ≈§à“Àÿâπ≈–†5†∫“∑†‚¥¬·∫àß‡ªìπÀÿâπ “¡—≠®”π«π†400,049,000†Àÿâπ ¡Ÿ≈§à“Àÿâπ≈–†5†∫“∑†·≈–Àÿâπ∫ÿ√‘¡ ‘∑∏‘®”π«π†35,714,200†Àÿâπ†¡Ÿ≈§à“Àÿâπ≈–†5†∫“∑†∫√‘…—∑‰¥â∑”°“√®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ °—∫°√–∑√«ßæ“≥‘™¬å†‡¡◊ËÕ«—π∑’Ë†18†°√°Æ“§¡ æ.». 2546 Àÿâπ∫ÿ√‘¡ ‘∑∏‘·ª≈ß ¿“æ‡ªìπÀÿâπ “¡—≠‰¥â∑—ÈßÀ¡¥®”π«π†35,714,200†Àÿâπ†‰¥â∂Ÿ°¢“¬„Àâ°—∫ºŸâ≈ß∑ÿπª√–‡¿∑°Õß∑ÿπ „π√“§“Àÿâ π ≈–†28†∫“∑†‡ªì π ®”π«π‡ß‘ π ∑—È ß À¡¥†999,997,600†∫“∑†∫√‘ …— ∑ ‰¥â √— ∫ ™”√–§à “ Àÿâ π ‡µÁ ¡ ®”π«π„π«— π ∑’Ë † 18 °√°Æ“§¡†æ.».†2546 ‘ ∑ ∏‘ ¢ ÕßÀÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ ∑’Ë Õ Õ°„À¡à ¡’ ¥— ß µà Õ ‰ªπ’È 1. Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ “¡“√∂·ª≈ß ¿“æ‡ªì π Àÿâ π “¡— ≠ ‰¥â † „πÕ— µ √“Àπ÷Ë ß Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ µà Õ Àπ÷Ë ß Àÿâ π “¡— ≠ „π‡«≈“„¥Ê†µ“¡∑’Ë ºŸâ∂◊ÕÀÿâπ∫ÿ√‘¡ ‘∑∏‘‡ÀÁπ ¡§«√§√“«≈–‰¡àµË”°«à“†1,000,000 Àÿâπ 2. Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ · µà ≈ –Àÿâ π ¡’ ‘ ∑ ∏‘ „ π°“√ÕÕ°‡ ’ ¬ ß≈ß§–·ππ‡∑à “ °— ∫ Àÿâ π “¡— ≠ 3. Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ · µà ≈ –Àÿâ π ¡’ ‘ ∑ ∏‘ ∑’Ë ® –‰¥â √— ∫ ‡ß‘ π ªí π º≈‡™à π ‡¥’ ¬ «°— ∫ Àÿâ π “¡— ≠ ¢Õß∫√‘ …— ∑ 4. ºŸâ ∂◊ Õ Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ ¡’ ‘ ∑ ∏‘ ‰ ¥â √— ∫ ‡ß‘ π §◊ π ∑ÿ π „π°√≥’ ∑’Ë ∫ √‘ …— ∑ ≈â ¡ ≈–≈“¬†À√◊ Õ †‡≈‘ ° ∫√‘ …— ∑ †À√◊ Õ ¡’ ° “√™”√–∫— ≠ ™’ ∑ √— æ ¬å ‘ π

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·≈–/À√◊ Õ ‡ß‘ π ®”π«π„¥Ê†∑’Ë § ß‡À≈◊ Õ À≈— ß ®“°°“√™”√–Àπ’È · ≈–¿“√–ºŸ ° æ— π Õ◊Ë π Ê†∑—È ß À¡¥¢Õß∫√‘ …— ∑ ¥— ß π’È 4.1 ºŸâ ∂◊ Õ Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ ® –‰¥â √— ∫ ‡ß‘ π ∑ÿ π §◊ π †„π®”π«π∑’Ë ‡ ∑à “ °— ∫ √“§“∑—È ß À¡¥∑’Ë ‰ ¥â ™”√–§à “ Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ „ Àâ · °à ∫√‘…—∑†(¡Ÿ≈§à“Àÿâπ∫«° à«π≈È”¡Ÿ≈§à“Àÿâπ)†°àÕπ®à“¬‡ß‘π∑ÿπ§◊π„Àâ·°àºŸâ∂◊ÕÀÿâπ “¡—≠†„π°√≥’∑’Ë∑√—æ¬å ‘π†·≈–/À√◊Õ ‡ß‘ π §ß‡À≈◊ Õ ∑’Ë ∑”°“√§◊ π ‰¡à ‡ æ’ ¬ ßæÕ∑’Ë ® –®à “ ¬‡ß‘ π ∑ÿ π §◊ π „Àâ · °à ºŸâ ∂◊ Õ Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ · ª≈ß ¿“æ‰¥â ∑—È ß À¡¥„Àâ · ∫à ß ∑√— æ ¬å ‘ π †·≈–/À√◊ Õ ‡ß‘ π §ß‡À≈◊ Õ „π√–À«à “ ßºŸâ ∂◊ Õ Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ µ “¡ — ¥ à « π¢Õß®”π«πÀÿâ π ∑’Ë µ π∂◊ Õ Õ¬Ÿà ‘ ∑ ∏‘ ¢ ÕßÀÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ ∑’Ë Õ Õ°„À¡à ¡’ ¥— ß µà Õ ‰ªπ’È 4.2 À≈— ß ®“°·∫à ß ∑√— æ ¬å ‘ π †·≈–/À√◊ Õ ‡ß‘ π „Àâ · °à ºŸâ ∂◊ Õ Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ · ≈â « †À“°¡’ ∑ √— æ ¬å ‘ π ·≈–/À√◊ Õ ‡ß‘ π ‡À≈◊ Õ Õ¬Ÿà „Àâ · ∫à ß ∑√— æ ¬å ‘ π †·≈–/À√◊ Õ ‡ß‘ π ∑’Ë ‡ À≈◊ Õ Õ¬Ÿà π—È π „Àâ · °à ºŸâ ∂◊ Õ Àÿâ π “¡— ≠ †‡æ◊Ë Õ ‡ªì π °“√§◊ π ‡ß‘ π ∑ÿ π „π®”π«π∑’Ë ‡ ∑à “ °— ∫ ¡Ÿ ≈ §à “ Àÿâ π ∑’Ë ‰ ¥â ™”√–‰«â † ∫«°¥â « ¬∑√— æ ¬å ‘ π À√◊ Õ ‡ß‘ π ∑’Ë ¡’ ¡Ÿ ≈ §à “ ‡∑à “ °— ∫ à « π≈È” ¡Ÿ ≈ §à “ Àÿâ π ¢ÕßÀÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ µà Õ Àÿâ π „π°√≥’ ∑’Ë ∑ √— æ ¬å ‘ π †·≈–/À√◊ Õ ‡ß‘ π §ß‡À≈◊ Õ ∑’Ë ∑”°“√§◊ π „Àâ · °à ºŸâ ∂◊ Õ Àÿâ π “¡— ≠ ‰¡à ‡ æ’ ¬ ßæÕ∑’Ë ® –®à “ ¬‡ß‘ π ∑ÿ π §◊ π „Àâ · °à ºŸâ ∂◊ Õ Àÿâ π “¡— ≠ π’È ‰ ¥â ∑—È ß À¡¥†„Àâ · ∫à ß ∑√— æ ¬å ‘ π ·≈–/À√◊ Õ ‡ß‘ π §ß‡À≈◊ Õ „π√–À«à “ ßºŸâ ∂◊ Õ Àÿâ π “¡— ≠ †µ“¡ — ¥ à « π ¢Õß®”π«πÀÿâ π ∑’Ë µ π∂◊ Õ Õ¬Ÿà 4.3 ∑√— æ ¬å ‘ π †·≈–/À√◊ Õ ‡ß‘ π ∑ÿ π à « π∑’Ë ‡ À≈◊ Õ À≈— ß ®“°°“√§◊ π ‡ß‘ π „π¢â Õ †4.1†·≈–†4.2†·≈â « „Àâ · ∫à ß „Àâ · °à ºŸâ ∂◊ Õ Àÿâ π ∑ÿ ° √“¬√«¡∂÷ ß ºŸâ ∂◊ Õ Àÿâ π ∫ÿ √‘ ¡ ‘ ∑ ∏‘ · ≈–ºŸâ ∂◊ Õ Àÿâ π “¡— ≠ †µ“¡ — ¥ à « π¢Õß®”π«πÀÿâ π ∑’Ë ºŸâ ∂◊ Õ Àÿâ π ·µà ≈ –√“¬∂◊ Õ §√ÕßÕ¬Ÿà

16. ”√Õßµ“¡°ÆÀ¡“¬ µ“¡æ√–√“™∫—≠≠—µ‘∫√‘…—∑†¡À“™π†®”°—¥†∫√‘…—∑®–µâÕß®—¥ √√°”‰√ ÿ∑∏‘ª√–®”ªï à«πÀπ÷Ëß‰«â‡ªìπ∑ÿπ ”√Õß‰¡àπâÕ¬°«à“ √â Õ ¬≈–Àâ “ ¢Õß°”‰√ ÿ ∑ ∏‘ ª √–®”ªï † À— ° ¥â « ¬¢“¥∑ÿ π – ¡†(∂â “ ¡’ ) †®π°«à “ ∑ÿ π ”√Õßπ’È ® –¡’ ®”π«π‰¡à πâ Õ ¬°«à “ √â Õ ¬≈– ‘ ∫ ¢Õß ∑ÿ π ®¥∑–‡∫’ ¬ π†´÷Ë ß ”√Õßµ“¡°ÆÀ¡“¬π’È ® –‰¡à “¡“√∂π”‰ª®à “ ¬‡ß‘ π ªí π º≈‰¥â † ∫√‘ …— ∑ ‰¥â ®— ¥ √√‡ß‘ π ”√Õß§√∫∂â « π·≈â « Õ¬à“ß‰√°Áµ“¡∫√‘…—∑®–®—¥ √√°”‰√ ÿ∑∏‘ª√–®”ªï‡ªìπ ”√Õßµ“¡°ÆÀ¡“¬‡¡◊ËÕ‰¥â√—∫Õπÿ¡—µ‘®“°∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘À“√·≈â« ‡¡◊ËÕ«—π∑’Ë†26†°ÿ¡¿“æ—π∏å†æ.».†2546†§≥–°√√¡°“√¢Õß∫√‘…—∑‰¥â¡’¡µ‘Õπÿ¡—µ‘ „Àâ®—¥ √√°”‰√ ÿ∑∏‘®”π«π†79†≈â“π∫“∑ ‡ªìπ ”√Õßµ“¡°ÆÀ¡“¬

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17. √“¬‰¥â Õ◊Ë π æ— π ∫“∑

§à “ „™â ®à “ ¬‡√’ ¬ °‡°Á ∫ ®“°√â “ π§â “ °”‰√®“°°“√™”√–§◊ π ‡ß‘ π °Ÿâ °à Õ π°”Àπ¥ √“¬‰¥â§à“∏√√¡‡π’¬¡°“√®—¥°“√ √“¬‰¥â Õ◊Ë π

ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

162,441 67,374 13,498 82,015

63,830 8,167 91,346

55,079 127,328 97,344

35,654 54,142 45,452

325,328

163,343

279,751

135,248

°”‰√®“°°“√™”√–§◊ π ‡ß‘ π °Ÿâ °à Õ π°”Àπ¥‡ªì π °”‰√∑’Ë ‡ °‘ ¥ ®“°°“√∑’Ë ° ≈ÿà ¡ ∫√‘ …— ∑ ™”√–§◊ π ‡ß‘ π °Ÿâ µ “¡ — ≠ ≠“ª√— ∫ ‚§√ß √â “ ßÀπ’È °— ∫ ∂“∫— π °“√‡ß‘ π °à Õ π°”Àπ¥†∑”„Àâ ° ≈ÿà ¡ ∫√‘ …— ∑ ‰¡à µâ Õ ß®à “ ¬¥Õ°‡∫’È ¬ ∑’Ë ‡ §¬∫— π ∑÷ ° ‰«â · ≈â « °— ∫ ºŸâ „ Àâ °Ÿâ (À¡“¬‡Àµÿ 21)

18. ¥Õ°‡∫’È ¬ ®à “ ¬ æ— π ∫“∑

¥Õ°‡∫’È ¬ ®à “ ¬ - Àÿâπ°ŸâÕÕ°„Àâ·°à ∂“∫—π°“√‡ß‘π - °“√°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π - ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π

ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

71,167 329,083 400,250

71,167 44,316 133,382 248,865

128,432 148,765 5,642 282,839

6,927 88,520 121,505 216,952

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19. °”‰√®“°°“√¥”‡π‘ π ß“π √“¬°“√∫“ß√“¬°“√∑’Ë√ «¡Õ¬Ÿà „π°“√§”π«≥°”‰√®“°°“√¥”‡π‘πß“π “¡“√∂π”¡“·¬°µ“¡≈—°…≥–‰¥â¥—ßπ’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 §à“‡ ◊ËÕ¡√“§“¢Õß∑’Ë¥‘π Õ“§“√ ·≈–Õÿª°√≥å (À¡“¬‡Àµÿ 11) - ‘π∑√—æ¬å¢Õß°‘®°“√ - ‘π∑√—æ¬å¢Õß°‘®°“√µ“¡ —≠≠“‡™à“ ¥”‡π‘πß“π §à“„™â®à“¬‡°’Ë¬«°—∫æπ—°ß“π ‡ß‘π™¥‡™¬§à“‡™à“∑’Ë¥‘π†(°) (√«¡Õ¬Ÿà „π ù§à“„™â®à“¬„π°“√∫√‘À“√û) ¢“¥∑ÿπ®“°°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπÕ◊Ëπ ·≈–‚§√ß°“√√–À«à“ß°“√æ—≤π“ (√«¡Õ¬Ÿà „π ù§à“„™â®à“¬„π°“√∫√‘À“√û) ‡ß‘π ∫∑∫‡¢â“°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ §à“¿“…’¡Ÿ≈§à“‡æ‘Ë¡·≈–¿“…’Õ◊Ëπ (¢) (√«¡Õ¬Ÿà „π ù§à“„™â®à“¬„π°“√∫√‘À“√û) Àπ’È ß —¬®– Ÿ≠ ‡ß‘π„Àâ°Ÿâ¬◊¡∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π °“√µ—¥®”Àπà“¬¿“…’À—° ≥ ∑’Ë®à“¬∑’Ë ‰¡à¢Õ§◊π (√«¡Õ¬Ÿà „π ù§à“„™â®à“¬„π°“√∫√‘À“√û) °“√µ—¥®”Àπà“¬¢Õß ‘π∑√—æ¬å ‰¡à¡’µ—«µπ - §à“§«“¡π‘¬¡µ‘¥≈∫ (√«¡Õ¬Ÿà „π√“¬‰¥âÕ◊Ëπ)

(

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

787,343

524,205

153,404

146,475

95,727 302,379

36,515 253,988

24,966 201,225

24,999 188,129

45,700

50,000

45,700

50,000

26,697 5,611

27,815 4,809

97,853

64,177

9,959

27,780

3,556) (

3,556)

4,692

3,959

(°) §≥–°√√¡°“√¢Õß°≈ÿà ¡ ∫√‘ …— ∑ Õπÿ ¡— µ‘ „ Àâ ∫ √‘ …— ∑ √— ∫ º‘ ¥ ™Õ∫®à “ ¬‡ß‘ π ™¥‡™¬§à “ ‡™à “ ∑’Ë ¥‘ π °— ∫ °“√√∂‰ø·Àà ß ª√–‡∑»‰∑¬ ‚¥¬‡ß‘ π ™¥‡™¬∑’Ë · ¥ß¢â “ ßµâ π ‡ªì π ®”π«π‡ß‘ π ∑’Ë ¡’ º ≈°√–∑∫µà Õ °”‰√®“°°“√¥”‡π‘ π ß“π ”À√— ∫ ªï (¢) „πªï † æ.».†2545†°≈ÿà ¡ ∫√‘ …— ∑ ·≈–∫√‘ …— ∑ ‰¥â ®à “ ¬§à “ ¿“…’ ¡Ÿ ≈ §à “ ‡æ‘Ë ¡ ”À√— ∫ √“¬‰¥â §à “ ∫√‘ ° “√°“√„Àâ „ ™â æ◊È π ∑’Ë à « π°≈“ß ”À√— ∫ ªï † æ.».†2540†-†æ.».†2545†‡ªì π ®”π«π‡ß‘ π †78†≈â “ π∫“∑†·≈–†64†≈â “ π∫“∑†µ“¡≈”¥— ∫ †·≈– ¿“…’ ‡ ß‘ π ‰¥â π‘ µ‘ ∫ÿ § §≈¢Õß°≈ÿà ¡ ∫√‘ …— ∑ „π√–À«à “ ß†æ.».†2542†-†æ.».†2545†„Àâ · °à ° √¡ √√æ“°√‡ªì π ®”π«π 20 ≈â“π∫“∑

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20. ¿“…’ ‡ ß‘ π ‰¥â ¿“…’ ‡ ß‘ π ‰¥â ∑’Ë · ¥ßÕ¬Ÿà „ πß∫°”‰√¢“¥∑ÿ π √«¡·≈–ß∫°”‰√¢“¥∑ÿ π ‡©æ“–∫√‘ …— ∑ ¡’ ¥— ß µà Õ ‰ªπ’È æ— π ∫“∑

§à “ „™â ®à “ ¬¿“…’ ‡ ß‘ π ‰¥â „ πªí ® ®ÿ ∫— π √“¬‰¥â (§à “ „™â ®à “ ¬¿“…’ ‡ ß‘ π ‰¥â √ Õ°“√µ— ¥ ∫— ≠ ™’ ÿ ∑ ∏‘ ) ( ¿“…’‡ß‘π‰¥â¢Õß∫√‘…—∑¬àÕ¬ (À¡“¬‡Àµÿ 7) ¿“…’ ‡ ß‘ π ‰¥â

ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

408,275

339,792

299,001

272,893

86,769) ( 321,506

85,409) 254,383

12,858) ( 35,363 321,506

67,488) 48,978 254,383

(

°“√§”π«≥¿“…’ ‡ ß‘ π ‰¥â „ πß∫°”‰√¢“¥∑ÿ π √«¡·≈–ß∫°”‰√¢“¥∑ÿ π ‡©æ“–∫√‘ …— ∑ ¡’ ¥— ß µà Õ ‰ªπ’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 °”‰√°àÕπ¿“…’ (À≈—ß√“¬°“√æ‘‡»…) ¿“…’‡ß‘π‰¥â§”π«≥∑’ËÕ—µ√“¿“…’ 30% √“¬‰¥â∑’Ë ‰¡àµâÕß‡ ’¬¿“…’ ( §à“„™â®à“¬∑’ËÀ—°‡ªìπ§à“„™â®à“¬∑“ß¿“…’‰¡à ‰¥â (‰¥â) ¿“…’‡ß‘π‰¥â¢Õß∫√‘…—∑¬àÕ¬ ¿“…’‡ß‘π‰¥â

1,518,382 455,515 159,180) ( 25,171 321,506

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

1,202,242 360,673 126,148) 19,858 254,383

(

966,751

748,858

290,025 3,882) ( 35,363 321,506

224,657 19,252) 48,978 254,383

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21. √“¬°“√æ‘‡»… ‡¡◊Ë Õ «— π ∑’Ë † 15† ‘ ß À“§¡†æ.».†2545†∫√‘ …— ∑ †‡´Á π ∑√— ≈ †‡æ≈¬å · ≈π¥å † ®”°— ¥ †´÷Ë ß ‡ªì π ∫√‘ …— ∑ ¬à Õ ¬‰¥â ∑” — ≠ ≠“ª√— ∫ ‚§√ß √â “ ßÀπ’È ‡ ß‘ π °Ÿâ ®”π«π†508†≈â “ π∫“∑°— ∫ ∫√√…— ∑ ∫√‘ À “√ ‘ π ∑√— æ ¬å ‰ ∑¬†‚¥¬∫√√…— ∑ ¬‘ π ¬Õ¡‡ª≈’Ë ¬ π·ª≈ß‡ß◊Ë Õ π‰¢ °“√™”√–Àπ’È „ π à « π∑’Ë ‡ À≈◊ Õ ¥— ß π’È -†≈¥‡ß‘πµâπ¢Õß‡ß‘π°Ÿâ§ß‡À≈◊Õ‡ªìπ®”π«π‡ß‘π 492 ≈â“π∫“∑ -†≈¥¥Õ°‡∫’È¬§â“ß™”√–∑—ÈßÀ¡¥‚¥¬§ß‡À≈◊Õ‰«â®”π«π‡ß‘π 27 ≈â“π∫“∑ -†¬◊ ¥ √–¬–°“√™”√–Àπ’È ‰ª®π∂÷ß«—π∑’Ë†14† ‘ßÀ“§¡†æ.».†2554†‚¥¬¡’°“√∑¬Õ¬®à“¬‡ß‘πµâπ∑ÿ°Ê†3†‡¥◊Õπ -†≈¥Õ—µ√“¥Õ°‡∫’È¬‡ªìπÕ—µ√“√âÕ¬≈–†3†„πªï∑’Ë†1†∂÷ßªï∑’Ë†3†Õ—µ√“√âÕ¬≈–†4†„πªï∑’Ë†4†∂÷ßªï∑’Ë†5†·≈–‡ªìπÕ—µ√“¥Õ°‡∫’È¬ ‡ß‘ π °Ÿâ ≈Ÿ ° §â “ ™—È π ¥’ „πªï∑’Ë 6 ∂÷ßªï∑’Ë 9 ®“°°“√ª√— ∫ ‚§√ß √â “ ßÀπ’È § √—È ß π’È ‡ ªì π º≈„Àâ ° ≈ÿà ¡ ∫√‘ …— ∑ ¡’ °”‰√®“°°“√ª√— ∫ ‚§√ß √â “ ßÀπ’È ®”π«π†98†≈â “ π∫“∑ „πªï æ.». 2545 ( ÿ∑∏‘®“°¿“…’®”π«π»Ÿπ¬å∫“∑·≈– ÿ∑∏‘®“°ºŸâ∂◊ÕÀÿâπ à«ππâÕ¬®”π«π 24 ≈â“π∫“∑) „π√–À«à“ßªï†æ.».†2546†°≈ÿà¡∫√‘…—∑‰¥â™”√–§◊π‡ß‘π°Ÿâ§ß‡À≈◊ÕÀ≈—ß°“√ª√—∫‚§√ß √â“ßÀπ’È∑—ÈßÀ¡¥‡√Á«°«à“°”Àπ¥‡¥‘¡ ∑”„Àâ ° ≈ÿà ¡ ∫√‘ …— ∑ ¡’ °”‰√‡ªì π ®”π«π‡ß‘ π †67†≈â “ π∫“∑†(„π®”π«ππ’È √ «¡ à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π à « ππâ Õ ¬®”π«π†13†≈â “ π∫“∑)

22. °”‰√µà ÕÀÿâ π °”‰√µà Õ Àÿâ π ¢—È π æ◊È π ∞“π§”π«≥‚¥¬°“√À“√°”‰√ ÿ ∑ ∏‘ ∑’Ë ‡ ªì π ¢ÕßºŸâ ∂◊ Õ Àÿâ π “¡— ≠ ¥â « ¬®”π«πÀÿâ π “¡— ≠ ∂— « ‡©≈’Ë ¬ ∑’Ë ∂à « ßπÈ” Àπ— ° ∑’Ë ∂◊ Õ ‚¥¬∫ÿ § §≈¿“¬πÕ°„π√–À«à “ ßªï † °”‰√µà Õ Àÿâ π ª√— ∫ ≈¥§”π«≥‚¥¬„™â ¢â Õ ¡¡µ‘ «à “ ¡’ ° “√·ª≈ß ¿“æ Àÿâ π “¡— ≠ ‡∑’ ¬ ∫‡∑à “ µ—È ß ·µà «— π ·√°∑’Ë Õ Õ°

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°Ì“‰√µàÕÀÿπâ ¢—Èπæ◊Èπ∞“π °”‰√ ÿ∑∏‘∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ “¡—≠ (æ—π∫“∑) ®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬ ∑’Ë∂◊Õ‚¥¬∫ÿ§§≈¿“¬πÕ° √–À«à“ßªï (æ—πÀÿâπ) °”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π (∫“∑) °”‰√µàÕÀÿπâ ª√—∫≈¥ °”‰√ ÿ∑∏‘∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ “¡—≠ (æ—π∫“∑) ®”π«πÀÿâπ “¡—≠‡∑’¬∫‡∑à“ (æ—πÀÿâπ) °”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π (∫“∑)

ß∫°“√‡ß‘π√«¡ 2546 2545 (ª√— ∫ „À¡à )

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 (ª√— ∫ „À¡à )

1,196,876

947,859

1,196,876

947,859

400,049 2.99

368,890 2.57

400,049 2.99

368,890 2.57

1,196,876 416,389 2.87

∫√‘ …— ∑ ‰¥â ª √— ∫ ª√ÿ ß °”‰√µà Õ Àÿâ π ”À√— ∫ ªï † æ.».†2545†‚¥¬°“√ª√— ∫ ®”π«πÀÿâ π “¡— ≠ ∂— « ‡©≈’Ë ¬ ∑’Ë ∂◊ Õ ‚¥¬∫ÿ § §≈ ¿“¬πÕ°„À¡à † ‡π◊Ë Õ ß®“°∫√‘ …— ∑ ‰¥â ‡ æ‘Ë ¡ ®”π«πÀÿâ π “¡— ≠ ®“°†200,024,500†Àÿâ π †¡Ÿ ≈ §à “ Àÿâ π ≈–†10†∫“∑†‡ªì π ®”π«πÀÿâ π 400,049,000†Àÿâπ†‚¥¬≈¥¡Ÿ≈§à“∑’Ëµ√“‰«â‡ªìπ¡Ÿ≈§à“Àÿâπ≈–†5†∫“∑ „πªï æ.». 2546 (À¡“¬‡Àµÿ 15)

23. ‡ß‘ π ªí π º≈ ®“°°“√ª√–™ÿ ¡ “¡— ≠ ª√–®”ªï ºŸâ ∂◊ Õ Àÿâ π ‡¡◊Ë Õ «— π ∑’Ë † 17†‡¡…“¬π†æ.».†2546†(ª√–®”ªï † 2544†:†°“√ª√–™ÿ ¡ “¡— ≠ ª√–®”ªï † ºŸâ ∂◊ Õ Àÿâ π ®— ¥ ‡¡◊Ë Õ «— π ∑’Ë † 29†¡’ π “§¡†æ.».†2545)†ºŸâ ∂◊ Õ Àÿâ π ‰¥â Õ πÿ ¡— µ‘ „ Àâ ®à “ ¬‡ß‘ π ªí π º≈ ”À√— ∫ ªï † æ.».†2545 ®”π«π†1.00†∫“∑µà Õ Àÿâ π “¡— ≠ †(æ.».†2544†®”π«π†2.75†∫“∑†µà Õ Àÿâ π “¡— ≠ )†√«¡‡ªì π ®”π«π‡ß‘ π ∑—È ß ‘È π †400 ≈â “ π∫“∑†(275†≈â “ π∫“∑)†∫√‘ …— ∑ ®–‰¡à √— ∫ √Ÿâ ‡ ß‘ π ªí π º≈®à “ ¬®π°«à “ ®–¡’ ° “√„Àâ — µ ¬“∫— π „π°“√ª√–™ÿ ¡ “¡— ≠ ª√–®”ªï ß∫°“√‡ß‘ π π’È ‰ ¡à ∫— π ∑÷ ° ‡ß‘ π ªí π º≈§â “ ß®à “ ¬†´÷Ë ß Õ“®√«¡Õ¬Ÿà „ π à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π ‚¥¬°“√®— ¥ √√°”‰√ – ¡†≥†«— π ∑’Ë † 31 ∏—π«“§¡ æ.».†2546

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24. °√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π °“√°√–∑∫¬Õ¥°”‰√ ÿ∑∏‘ „ Àâ ‡ ªì π °√–· ‡ß‘ π ¥®“°°‘ ® °√√¡¥”‡π‘ π ß“π¡’ ¥— ß µà Õ ‰ªπ’È ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

À¡“¬‡Àµÿ °”‰√ ÿ∑∏‘ ¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥â à«π¢ÕßºŸ∂â Õ◊ Àÿπâ à«ππâÕ¬ °”‰√°àÕπ¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â √“¬°“√ª√—∫ª√ÿß §à“‡ ◊ËÕ¡√“§“·≈–§à“µ—¥®”Àπà“¬ Àπ’È ß —¬®– Ÿ≠√—∫§◊π µ—¥®”Àπà“¬¿“…’À—° ≥ ∑’Ë®à“¬ Àπ’È ß —¬®– Ÿ≠®“°‡ß‘π„Àâ°Ÿâ¬◊¡ ·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ¢“¥∑ÿπ®“°°“√¥âÕ¬§à“„π‚§√ß°“√ √–À«à“ß°“√æ—≤π“ 11 ¢“¥∑ÿπ®“°°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπÕ◊Ëπ √—∫√Ÿâ√“¬‰¥â§à“‡™à“√—∫≈à«ßÀπâ“ à«π·∫àßº≈ (°”‰√) „π∫√‘…—∑¬àÕ¬ §à“§«“¡π‘¬¡µ‘¥≈∫µ—¥®”Àπà“¬ 12 ¢“¥∑ÿπ (°”‰√) ®“°°“√®”Àπà“¬‡ß‘π≈ß∑ÿπ (°”‰√) ®“°°“√ª√—∫‚§√ß √â“ßÀπ’È 21 °“√‡ª≈’Ë¬π·ª≈ß¢Õß ‘π∑√—æ¬å ·≈–Àπ’È ‘π¥”‡π‘πß“π - ≈Ÿ°Àπ’°È “√§â“ - ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊πË - ‘π∑√—æ¬åÕπ◊Ë - ‡®â“Àπ’È - Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ - √“¬‰¥â§à“‡™à“·≈–§à“∫√‘°“√ √—∫≈à«ßÀπâ“ - ‡ß‘π¡—¥®”√—∫®“°≈Ÿ°§â“ - ‡ß‘πª√–°—π ‘∑∏‘°“√‡™à“ ‡ß‘π ¥®“°°“√¥”‡π‘πß“π

1,196,876,562 400,249,837 321,505,808 ( 2,316,650) 1,916,315,557 871,036,787 2,053,402 -

947,858,556 282,838,968 254,382,791 28,709,384 1,513,789,699

(

561,302,283 8,902,351) 27,779,576

1,196,876,562 248,864,767 321,505,808 1,767,247,137

(

26,697,000 ( 241,559,493) ( 3,555,892) 21,800,826 ( 67,374,072)

( ( (

6,261,535 ( 62,294,679) ( 21,667,913) 648,676 186,496,511 462,665,815 211,057,360 ( 144,592,853) 3,163,988,567

2,143,595 ( 180,410,349) 12,145,274 ( 5,778,321) 411,267,246 4,368,399 320,432,092 76,210,332 2,426,924,032

(

27,814,502 1,219,600 232,909,377) 3,555,888) 2,476,411) 97,515,869)

178,324,283 262,241) -

947,858,556 216,952,156 254,382,791 1,419,193,503

(

171,758,723 52,385) 27,779,576 9,958,615

( 84,141,538) ( 551,631,198) -

1,219,600 ( 84,510,112) ( 453,382,579) -

(

( 17,233,173) ( 8,798,204) 58,309,168 72,394 51,027,865 ( 42,440,709) 62,299,350 1,195,201,632

787,912) 35,441,610 4,085,574 391,869 ( 35,784,330) ( 56,483,173) 61,163,473 1,317,563,554

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25. ¢â Õ¡Ÿ ≈ ∑“ß°“√‡ß‘ π ®”·π°µ“¡ à «πß“π ¢â Õ ¡Ÿ ≈ ∑“ß°“√‡ß‘ π µ“¡ à « πß“π∏ÿ √ °‘ ® æ—π∫“∑ Ì“À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ æ.». 2546 ∏ÿ√°‘®„Àâ‡™à“Õ“§“√ ∏ÿ√°‘®¢“¬Õ“À“√ ß∫°“√‡ß‘π√«¡ ·≈–„Àâ∫√‘°“√ ·≈–‡§√◊ËÕß¥◊Ë¡ √“¬‰¥â º≈°“√¥Ì“‡π‘πß“πµ“¡ à«πß“π ¥Õ°‡∫’È ¬ √— ∫ √“¬‰¥â Õ◊Ë π µâ π ∑ÿ π ∑’Ë ‰ ¡à “¡“√∂ªí π à « π‰¥â °”‰√®“°°“√¥”‡π‘ πß“π ¥Õ°‡∫’È ¬ ®à “ ¬ °”‰√°à Õ π¿“…’ ‡ ß‘ π ‰¥â ¿“…’ ‡ ß‘ π ‰¥â °”‰√À≈— ß ¿“…’ ‡ ß‘ π ‰¥â à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π à « ππâ Õ ¬ °”‰√ ÿ ∑ ∏‘ ‘ π ∑√— æ ¬å ∂ “«√¢Õß à « πß“π (≥ «—π∑’Ë 31 ∏—π«“§¡ æ. ». 2546) ‘ π ∑√— æ ¬å √ «¡¢Õß à « πß“π (≥ «—π∑’Ë 31 ∏—π«“§¡ æ. ». 2546)

4,839,687 2,276,356

341,521 85,732

5,181,208 2,362,088 33,486 325,328 ( 804,587) 1,916,315 ( 400,250) 1,516,065 ( 321,506) 1,194,559 2,317 1,196,876

20,338,584

3,581

20,342,165

23,521,746

28,127

23,549,873

°≈ÿà¡∫√‘…—∑¥”‡π‘π∏ÿ√°‘®‡©æ“–„πª√–‡∑»‰∑¬†®÷ß‰¡à¡’¢âÕ¡Ÿ≈®”·π°µ“¡‡¢µ¿Ÿ¡‘»“ µ√å· ¥ß‡ªìπ¢âÕ¡Ÿ≈µ“¡√Ÿª·∫∫√Õß °≈ÿà¡∫√‘…—∑¥”‡π‘π∏ÿ√°‘®À≈—° 2 à«πß“π‰¥â·°à -†∏ÿ√°‘®„Àâ‡™à“Õ“§“√»Ÿπ¬å°“√§â“†Õ“§“√ ”π—°ß“πÀâÕß™ÿ¥æ—°Õ“»—¬†·≈–„Àâ∫√‘°“√¥â“π “∏“√≥Ÿª ‚¿§† «π πÿ°·≈– «ππÈ” „πÕ“§“√¥— ß °≈à “ « -†∏ÿ √ °‘ ® ¢“¬Õ“À“√·≈–‡§√◊Ë Õ ß¥◊Ë ¡ „π»Ÿ π ¬å ° “√§â “ √“§“¢“¬√–À«à“ß à«πß“π§‘¥√“§“µ“¡√“§“µ≈“¥‚¥¬¡’ à«π≈¥‰¡à‡°‘π√âÕ¬≈– 10

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¢â Õ ¡Ÿ ≈ ∑“ß°“√‡ß‘ π µ“¡ à « πß“π∏ÿ √ °‘ ®

æ—π∫“∑ Ì“À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ æ.». 2546 ∏ÿ√°‘®„Àâ‡™à“Õ“§“√ ∏ÿ√°‘®¢“¬Õ“À“√ ß∫°“√‡ß‘π√«¡ ·≈–„Àâ∫√‘°“√ ·≈–‡§√◊ËÕß¥◊Ë¡ √“¬‰¥â º≈°“√¥”‡π‘πß“πµ“¡ à«πß“π ¥Õ°‡∫’È ¬ √— ∫ √“¬‰¥â Õ◊Ë π µâ π ∑ÿ π ∑’Ë ‰ ¡à “¡“√∂ªí π à « π‰¥â °”‰√®“°°“√¥”‡π‘πß“π ¥Õ°‡∫’È ¬ ®à “ ¬ °”‰√°à Õ π¿“…’ ‡ ß‘ π ‰¥â ¿“…’ ‡ ß‘ π ‰¥â °”‰√À≈— ß ¿“…’ ‡ ß‘ π ‰¥â à « π¢ÕßºŸâ ∂◊ Õ Àÿâ π à « ππâ Õ ¬ °”‰√®“°°“√¥”‡π‘ π ß“πª°µ‘ √“¬°“√æ‘‡»… °”‰√ ÿ ∑ ∏‘ ‘ π ∑√— æ ¬å ∂ “«√¢Õß à « πß“π (≥ «—π∑’Ë 31 ∏—π«“§¡ æ. ». 2545) ‘ π ∑√— æ ¬å √ «¡¢Õß à « πß“π (≥ «—π∑’Ë 31 ∏—π«“§¡ æ. ». 2545)

3,360,566 1,828,345

249,493 61,338

( ( ( (

3,610,059 1,889,683 82,557 163,343 719,308) 1,416,275 282,839) 1,133,436 254,383) 879,053 28,709) 850,344 97,515 947,859

19,328,342

3,571

19,331,913

21,342,150

30,970

21,373,120

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26. ‡§√◊Ë Õ ß¡◊ Õ ∑“ß°“√‡ß‘ π §«“¡‡ ’Ë ¬ ß∑“ß°“√‡ß‘ π ∑’Ë ”§— ≠ ”À√— ∫ °≈ÿà ¡ ∫√‘ …— ∑ ‰¥â · °à † §«“¡‡ ’Ë ¬ ß®“°Õ— µ √“¥Õ°‡∫’È ¬ †·≈–§«“¡‡ ’Ë ¬ ß®“° ‘ π ‡™◊Ë Õ ‚¥¬°≈ÿà ¡ ∫√‘ …— ∑ ‰¥â °Ÿâ ¬◊ ¡ ‡ß‘ π ‡æ◊Ë Õ „™â „ π°“√¥”‡π‘ π ß“π´÷Ë ß µâ Õ ß®à “ ¬Õ— µ √“¥Õ°‡∫’È ¬ ∑—È ß ·∫∫§ß∑’Ë · ≈–·∫∫≈Õ¬µ— « †§«“¡‡ ’Ë ¬ ß ®“° ‘ π ‡™◊Ë Õ ‡°‘¥ ®“°§«“¡ “¡“√∂„π°“√‡√’¬°‡°Á∫§à“‡™à“ °≈ÿà ¡ ∫√‘ …— ∑ ‰¡à ‰ ¥â „™â ‡ §√◊Ë Õ ß¡◊ Õ ∑“ß°“√‡ß‘ π ‡æ◊Ë Õ ≈¥§«“¡‰¡à · πà π Õπ¢Õß°√–· ‡ß‘ π ¥„πÕπ“§µ∑’Ë ‡ °‘ ¥ ®“°°“√ ‡ª≈’Ë¬π·ª≈ß¢ÕßÕ—µ√“¥Õ°‡∫’È¬„πªï†æ.».†2545†·µàÕ¬à“ß‰√°Áµ“¡„π√–À«à“ßªï†æ.».†2546†∫√‘…—∑‰¥â∑” —≠≠“·≈°‡ª≈’Ë¬π Õ— µ √“¥Õ°‡∫’È ¬ ‡æ◊Ë Õ ‡ª≈’Ë ¬ π·ª≈ß≈— ° …≥–¥Õ°‡∫’È ¬ ¢Õß‡ß‘ π °Ÿâ ¬◊ ¡ √–¬–¬“«®“° ∂“∫— π °“√‡ß‘ π ®”π«π†1,910†≈â “ π∫“∑ ‚¥¬‡ª≈’Ë ¬ π·ª≈ßÕ— µ √“¥Õ°‡∫’È ¬ µ“¡ — ≠ ≠“‡ß‘ π °Ÿâ ¬◊ ¡ ‡¥‘ ¡ ®“°Õ— µ √“¥Õ°‡∫’È ¬ ·∫∫≈Õ¬µ— « ‡ªì π Õ— µ √“¥Õ°‡∫’È ¬ §ß∑’Ë † ¿“¬„µâ —≠≠“·≈°‡ª≈’Ë¬πÕ—µ√“¥Õ°‡∫’È¬†º≈·µ°µà“ß√–À«à“ß®”π«π¥Õ°‡∫’È¬·∫∫Õ—µ√“§ß∑’Ë·≈–Õ—µ√“≈Õ¬µ—«Õâ“ßÕ‘ß†Õ—µ√“¥Õ°‡∫’È¬ ‡ß‘ π „Àâ °Ÿâ ¬◊ ¡ ·°à ≈Ÿ ° §â “ ™—È π ¥’ ¢ Õß∏π“§“√À— ° √â Õ ¬≈–†1†´÷Ë ß §”π«≥®“°®”π«π‡ß‘ π µâ π µ“¡ — ≠ ≠“∑’Ë µ °≈ß‰«â „π·µà≈–™à«ß‡«≈“ ∑’Ë °”Àπ¥†≥†«— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†Õ— µ √“¥Õ°‡∫’È ¬ §ß∑’Ë Õ ¬Ÿà „ πÕ— µ √“√â Õ ¬≈–†5.25†·≈–Õ— µ √“¥Õ°‡∫’È ¬ ≈Õ¬µ— « ¡’Õ—µ√“√âÕ¬≈– 5.50 ≥†«— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546† — ≠ ≠“·≈°‡ª≈’Ë ¬ πÕ— µ √“¥Õ°‡∫’È ¬ ¡’ Õ “¬ÿ § ß‡À≈◊ Õ †3†ªï † ¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡ §”π«≥‚¥¬∏π“§“√‡ ¡◊ Õ π«à “ ‰¥â ¬ °‡≈‘ ° — ≠ ≠“‡À≈à “ π—È π †≥†«— π ∑’Ë „ πß∫¥ÿ ≈ ¡’ ¡Ÿ ≈ §à “ ‡ªì π ‘ π ∑√— æ ¬å ®”π«π†15†≈â “ π∫“∑ °) §«“¡‡ ’Ë ¬ ß®“°°“√„Àâ ‘ π ‡™◊Ë Õ °≈ÿà ¡ ∫√‘ …— ∑ ¡’ π ‚¬∫“¬ªí ® ®ÿ ∫— π ∑’Ë °”Àπ¥‰«â ‡ æ◊Ë Õ ªÑ Õ ß°— π §«“¡‡ ’Ë ¬ ß®“°°“√„Àâ ‘ π ‡™◊Ë Õ †‰¥â · °à ë °”Àπ¥„Àâ¡’°“√‡√’¬°‡°Á∫‡ß‘π¡—¥®”§à“‡™à“≈à«ßÀπâ“ ´÷Ëß‚¥¬∑—Ë«‰ª ‡ªìπ®”π«π 6 ‡∑à“¢Õß§à“‡™à“√“¬‡¥◊Õπ ë ∫Õ°‡≈‘° —≠≠“‡™à“ ”À√—∫≈Ÿ°§â“∑’Ë§â“ß™”√–§à“‡™à“‡°‘π°«à“ 90 «—π ¢) §«“¡‡ ’Ë ¬ ß¥â “ π ¿“æ§≈à Õ ß §«“¡‡ ’Ë¬ß¥â“π ¿“æ§≈àÕß§◊Õ§«“¡‡ ’Ë¬ß∑’Ë°≈ÿà¡∫√‘…—∑®–‡º™‘≠§«“¡¬ÿàß¬“°„π°“√√–¥¡∑ÿπ„Àâ‡æ’¬ßæÕ·≈–∑—π‡«≈“ µàÕ°“√ªØ‘∫—µ‘µ“¡¿“√–ºŸ°æ—π∑’Ë√–∫ÿ‰«â „π‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π†ªí®®ÿ∫—πºŸâ∫√‘À“√¢Õß°≈ÿà¡∫√‘…—∑Õ¬Ÿà „π√–À«à“ß°“√æ‘®“√≥“ ®—¥À“‡ß‘π∑ÿπ‡æ‘Ë¡‡µ‘¡ ´÷Ëß§“¥«à“®–‡ √Á®„πªï 2547 §) ¡Ÿ ≈ §à “¬ÿ µ‘ ∏ √√¡ √“§“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬å∑“ß°“√‡ß‘π·≈–Àπ’È ‘π∑“ß°“√‡ß‘π†Õ—π‰¥â·°à†‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√†‡ß‘π≈ß∑ÿπ ≈Ÿ ° Àπ’È · ≈–‡®â “ Àπ’È ° “√§â “ †≈Ÿ ° Àπ’È · ≈–‡®â “ Àπ’È Õ◊Ë π †‡ß‘ π „Àâ °Ÿâ ¬◊ ¡ ·°à ∫ √‘ …— ∑ ¬à Õ ¬†‡ß‘ π °Ÿâ ¬◊ ¡ √–¬– —È π †‡ß‘ π °Ÿâ ¬◊ ¡ √–¬–¬“«·∫∫Õ— µ √“ ¥Õ°‡∫’È ¬ ≈Õ¬µ— « †¡’ ¡Ÿ ≈ §à “ „°≈â ‡ §’ ¬ ß°— ∫ ¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡†¢â Õ ¡Ÿ ≈ ‡°’Ë ¬ «°— ∫ ¡Ÿ ≈ §à “ ¬ÿ µ‘ ∏ √√¡¢Õß‡ß‘ π °Ÿâ ¬◊ ¡ ‰¥â · ¥ß‰«â „πÀ¡“¬‡Àµÿ ª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 13

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27. √“¬°“√°—∫°‘®°“√·≈–∫ÿ § §≈∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π °≈ÿà ¡ ∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π ‡ªì π ∫√‘ …— ∑ ∑’Ë ¡’ ° √√¡°“√À≈“¬§π¢Õß∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†‡ªì π °√√¡°“√∑’Ë ¡’ Õ”π“®„π°“√µ— ¥ ‘ π ∑“ß°“√‡ß‘ π ·≈–°“√¥”‡π‘ π ß“π¢Õß∫√‘ …— ∑ ¥— ß °≈à “ «†∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π ∑’Ë ° ≈ÿà ¡ ∫√‘ …— ∑ ¡’ √ “¬°“√§â “ √–À«à “ ß°— π “¡“√∂π”¡“·¬°µ“¡°≈ÿà ¡ ∫√‘ …— ∑ ‰¥â ¥— ß µà Õ ‰ªπ’È °≈ÿà ¡ ∫√‘ …— ∑ Àâ “ ß √√æ ‘ π §â “ ‡´Á π ∑√— ≈†ª√–°Õ∫¥â«¬ ∫√‘ …— ∑ † √√æ ‘ π §â “ ‡´Á π ∑√— ≈ †®”°— ¥ ∫√‘…—∑† √√æ ‘π§â“√—™¥“ππ∑√’¬å ®”°—¥ ∫√‘ …— ∑ †´’ Õ “√å † ‡™’ ¬ ß„À¡à † (ª√–‡∑»‰∑¬)†®”°— ¥ ∫√‘ …— ∑ †Àâ “ ß‡´Á π ∑√— ≈ ¥’ æ “√å ∑ ‡¡π∑å ‚µ√å † ®”°— ¥ ∫√‘ …— ∑ † √√æ ‘ π §â “ ∫“ßπ“†®”°— ¥ °≈ÿà ¡ ∫√‘ …— ∑ ¢“¬Õ“À“√ø“ µåøŸÑ¥ †ª√–°Õ∫¥â«¬ ∫√‘ …— ∑ †‡´Á π ∑√— ≈ ‰Õ»§√’ ¡ †®”°— ¥ ∫√‘ …— ∑ †‡´Á π ∑√— ≈ ‡√ µ√Õß å † °√ÿä ª †®”°— ¥ ∫√‘ …— ∑ †‰∑¬‡ø√π‰™´‘Ë ß †®”°— ¥ ∫√‘ …— ∑ †‰∑¬Õ‘ π ‡µÕ√å ‡ π™—Ë π ·π≈ø“ µå øŸÑ ¥ †®”°— ¥ ∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ‘ ´ ´à “ †®”°— ¥ ∫√‘ …— ∑ †‡´Á π ∑√— ≈ ø“ øŸÑ ¥ †°√ÿä ª †®”°— ¥ ∫√‘ …— ∑ †øŸÑ ¥ ‚π‡«≈µ’È † ®”°— ¥ °≈ÿà ¡ ∫√‘ …— ∑ ∫‘Í ° ´’´Ÿ ‡ ªÕ√å ‡ ´Á π ‡µÕ√å ª√–°Õ∫¥â«¬ ∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ∫√‘…—∑ ‡´Áπ∑√—≈æ—∑¬“ ®”°—¥ ∫√‘…—∑ ∫‘Í°´’·ø√’Ë ®”°—¥

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°≈ÿà ¡ ∫√‘ …— ∑ §â “ ª≈’ ° ·≈–Õ◊Ë π Ê ª√–°Õ∫¥â«¬ ∫√‘…—∑ ‡´Áπ∑√—≈«—µ —π ®”°—¥ ∫√‘…—∑ ´’‡∑√§ “°≈ ®”°—¥ ∫√‘…—∑ ´’Õ“√å´’ ‡Õ‚Œ≈¥å ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ Õ‘π‡µÕ√åæ—≤π“ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈‡∑√¥¥‘Èß ®”°—¥ ∫√‘…—∑ ‡µ’¬ß ®‘√“∏‘«—≤πå ®”°—¥ ∫√‘…—∑ ∫‘Í°·™¡ªá ®”°—¥ ∫√‘…—∑ ª√‘≠≠åÕ‘π‡µÕ√å‡∑√¥ ®”°—¥ ∫√‘…—∑ ¿—µµ“§“√≠’ËªÿÉπ øŸ®‘ ®”°—¥ ∫√‘…—∑ √“°“´‡´ ‡§√◊ËÕßÀπ—ß ®”°—¥ ∫√‘…—∑ ÿ«‘¡≈ ®”°—¥ ∫√‘…—∑ ÀâÕßÕ“À“√´“°ÿ√–®”°—¥ ∫√‘…—∑ ‡Õ‘√å∏·§√å ®”°—¥ ∫√‘…—∑ ´’ Õ“√å ´’ ªÕ√åµ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈°“‡¡π∑å·ø§∑Õ√’Ë ®”°—¥ ∫√‘…—∑ æ√–√“¡ 3 §«‘´’π ®”°—¥ ∫√‘…—∑ ´’ Õ“√å ´’ ‡Õ‚Œ≈¥å ·Õ√åæÕ√åµ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ √’‡∑≈ §Õ√åªÕ‡√™—Ëπ ®”°—¥ ∫√‘…—∑ ÕÕøøî™§≈—∫ (ª√–‡∑»‰∑¬) ®”°—¥ ∫√‘…—∑ ª“√å‡°µµ’È ·ø§∑Õ√’Ë ®”°—¥

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°≈ÿà ¡ ∫√‘ …— ∑ ¡’ √ “¬°“√∫— ≠ ™’ ∑’Ë ‡ °‘ ¥ ¢÷È π °— ∫ °‘ ® °“√·≈–∫ÿ § §≈∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π †´÷Ë ß ‡ªì π √“¬°“√∑’Ë ‡ °‘ ¥ ¢÷È π ‡ªì π ª°µ‘ ¢ Õß °“√¥”‡π‘π∏ÿ√°‘®†√“¬°“√∑’Ë¡’ “√– ”§—≠ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31†∏—π«“§¡†¡’¥—ßπ’È °) √“¬‰¥â§à“‡™à“ §à“∫√‘°“√·≈–§à“∫√‘À“√ß“π æ— π ∫“∑ Ì“À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 2546 2545

√“¬‰¥â §à “ ‡™à “ ·≈–§à “ ∫√‘ ° “√ ∫√‘ …— ∑ ¬à Õ ¬ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡√’¬≈µ’È ‡´Õ√å«‘ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ øŸÑ¥Õ‡«π‘« ®”°—¥ ∫√‘ …— ∑ ¬à Õ ¬Õ◊Ë π

58,215 24,245 207 82,667

51,819 22,945 646 75,410

°‘ ® °“√√à « ¡§â “ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“™≈∫ÿ√’ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 3 ®”°—¥

131 10 141

2,279 245 2,524

328 24 352

5,698 358 6,056

149,937 56,431 14,010 238,419 458,797

79,845 17,680 11,321 225,210 334,056

28,736 21,197 14,010 126,764 190,707

30,276 9,129 11,321 140,092 190,818

458,938

336,580

273,726

272,284

∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π °≈ÿà ¡ ∫√‘ …— ∑ Àâ “ ß √√æ ‘ π §â “ ‡´Á π ∑√— ≈ °≈ÿà ¡ ∫√‘ …— ∑ ¢“¬Õ“À“√ø“ µå øŸÑ ¥ ∫√‘ …— ∑ ‚√ß·√¡‡´Áπ ∑√—≈æ≈“´“ °≈ÿà ¡ ∫√‘ …— ∑ §â “ ª≈’ ° ·≈–Õ◊Ë π Ê

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Õ— µ √“§à “ ‡™à “ †§à “ ∫√‘ ° “√·≈–§à “ ∫√‘ ° “√ “∏“√≥Ÿ ª ‚¿§∑’Ë §”π«πµ“¡æ◊È π ∑’Ë ‡ ™à “ µà Õ µ“√“ß‡¡µ√„π»Ÿ π ¬å ° “√§â “ ‡´Á π ∑√— ≈ æ≈“´“†≈“¥æ√â “ «†»Ÿ π ¬å ° “√§â “ ‡´Á π ∑√— ≈ †æ≈“´“†√“¡Õ‘ π ∑√“†»Ÿ π ¬å ° “√§â “ ‡´Á π ∑√— ≈ †æ≈“´“†ªîò π ‡°≈â “ †»Ÿ π ¬å ° “√§â “ ‡´Áπ∑√—≈†‡ø µ‘«—≈†æ—∑¬“†»Ÿπ¬å°“√§â“‡´Áπ∑√—≈†·Õ√åæÕ√åµ†æ≈“´“†»Ÿπ¬å°“√§â“‡´Áπ∑√—≈†√—™¥“-æ√–√“¡†3†»Ÿπ¬å°“√§â“ ∫“ßπ“†´‘ µ’È † »Ÿ π ¬å ° “√§â “ ‡´Á π ∑√— ≈ †æ≈“´“†æ√–√“¡†2†·≈–»Ÿ π ¬å ° “√§â “ ‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“† ”À√— ∫ ªï ‘È π ÿ ¥ «— π ∑’Ë † 31 ∏— π «“§¡†æ.».†2546†·≈–†æ.».†2545†∑’Ë ∫ √‘ …— ∑ ·≈–∫√‘ …— ∑ ¬à Õ ¬†(∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†®”°— ¥ †(¡À“™π)†∫√‘ …— ∑ ‡´Á π ∑√— ≈ †‡√’ ¬ ≈µ’È † ‡´Õ√å «‘ †®”°— ¥ †∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†‡™’ ¬ ß„À¡à † ®”°— ¥ †∫√‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†æ√–√“¡†3†®”°— ¥ ∫√‘ …— ∑ †‡´Á π ∑√— ≈ †‡√’ ¬ ≈µ’È † ‡´Õ√å «‘ †æ√–√“¡†3†®”°— ¥ †∫√‘ …— ∑ †∫“ßπ“†‡´Á π ∑√— ≈ †æ√Á Õ æ‡æÕ√å µ’È † ®”°— ¥ †∫√‘ …— ∑ ‡´Á π ∑√— ≈ æ— ≤ π“†æ√–√“¡†2†®”°— ¥ †∫√‘ …— ∑ †‡´Á π ∑√— ≈ †‡«‘ ≈ ¥å † æ≈“´“†®”°— ¥ †·≈–°Õß∑ÿ π √«¡∏ÿ √ °‘ ® ‰∑¬†4)†„Àâ ∫ √‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π ‡™à “ ·≈–√â “ π§â “ Õ◊Ë π ∑’Ë ‡ ™à “ Õ¬Ÿà „ π∫√‘ ‡ «≥µ‘ ¥ °— π †·≈–/À√◊ Õ „°≈â ‡ §’ ¬ ß„π™—È π ‡¥’ ¬ «°— π †¡’ Õ— µ √“„°≈â ‡ §’ ¬ ß°— π ‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫√â“π§â“Õ◊Ëπ∑’ËÕ¬Ÿà „π∫√‘‡«≥µ‘¥°—π†·≈–/À√◊Õ†„°≈â‡§’¬ß„π™—Èπ‡¥’¬«°—π†∑—Èßπ’È¢÷ÈπÕ¬Ÿà°—∫∑”‡≈†®”π«πæ◊Èπ∑’Ë √–¬–‡«≈“∑’Ë‡™à“‡«≈“·≈–ª√–‡¿∑¢Õß°“√‡™à“ æ— π ∫“∑ Ì“À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 2546 2545

√“¬‰¥â §à “ ∫√‘ À “√ß“π ∫√‘ …— ∑ ¬à Õ ¬ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡√’¬≈µ’È ‡´Õ√å«‘ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à ®”°—¥ ∫√‘ …— ∑ ¬à Õ ¬Õ◊Ë π

59,060 22,912 16,625 2,414 101,011

200 30,656 30,856

°‘ ® °“√√à « ¡§â “ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 3 ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡√’¬≈µ’È ‡´Õ√å«‘ æ√–√“¡ 3 ®”°—¥

4,861

5,192

12,153

12,980

2,036 6,897

2,271 7,463

5,091 17,244

5,678 18,658

669 669

2,555 2,032 4,587

8,132

122,842

∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π °≈ÿà ¡ ∫√‘ …— ∑ Àâ “ ß √√æ ‘ π §â “ ‡´Á π ∑√— ≈ ∫√‘ …— ∑ Õ◊Ë π

4,355 2,032 6,387 13,284

669 669 50,183

§à “ ∏√√¡‡π’ ¬ ¡®— ¥ °“√·≈–§à “ ∑’Ë ª √÷ ° …“®à “ ¬‡ªì π §à “ „™â ®à “ ¬∑’Ë ‡ √’ ¬ °‡°Á ∫ ¥â « ¬Õ— µ √“‡¥’ ¬ «°— ∫ Õ— µ √“∑’Ë ∫ √‘ …— ∑ Õ◊Ë π „π∏ÿ √ °‘ ® ‡¥’ ¬ «°— π ‡√’ ¬ °‡°Á ∫

PAGE

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¢) µâ π∑ÿ π §à “ ‡™à “ ·≈–§à “ ∫√‘ ° “√ æ— π ∫“∑ Ì“À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 2546 2545 µâ π ∑ÿ π §à “ ‡™à “ ·≈–§à “ ∫√‘ ° “√ ∫√‘ …— ∑ ¬à Õ ¬ °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 2 ∫√‘ …— ∑ ¬à Õ ¬Õ◊Ë π ∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π °≈ÿà ¡ ∫√‘ …— ∑ Àâ “ ß √√æ ‘ π §â “ ‡´Á π ∑√— ≈ °≈ÿà ¡ ∫√‘ …— ∑ §â “ ª≈’ ° ·≈–Õ◊Ë π Ê

134,221 134,221

85,806 87 85,893

16,467 39,133 55,600

16,763 13,488 30,251

16,450 35,800 52,250

16,746 10,654 27,400

55,600

30,251

186,471

113,293

§à “ ‡™à “ ·≈–§à “ ∫√‘ ° “√∑’Ë ‡ °‘ ¥ ¢÷È π °— ∫ ∫√‘ …— ∑ ¢â “ ßµâ π ‡°Á ∫ „π√“§“∑’Ë ‡ °Á ∫ ®“°∫ÿ § §≈¿“¬πÕ° §) µâ π∑ÿ π ¢“¬Õ“À“√·≈–‡§√◊Ë Õ ß¥◊Ë ¡ æ— π ∫“∑ Ì“À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 2546 2545 µâ π ∑ÿ π ¢“¬Õ“À“√·≈–‡§√◊Ë Õ ß¥◊Ë ¡ °‘ ® °“√√à « ¡§â “ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡√’¬≈µ’È ‡´Õ√å«‘ æ√–√“¡ 3 ®”°—¥ ∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π °≈ÿà ¡ ∫√‘ …— ∑ Àâ “ ß √√æ ‘ π §â “ ‡´Á π ∑√— ≈

1,060 12 1,072

97 97

√“¬°“√µâ π ∑ÿ π ¢“¬Õ“À“√·≈–‡§√◊Ë Õ ß¥◊Ë ¡ ∑’Ë ‡ °‘ ¥ ¢÷È π °— ∫ ∫√‘ …— ∑ ¢â “ ßµâ π ∑”µ“¡ª√–‡æ≥’ ° “√§â “ ·≈–√“§“µ≈“¥

PAGE

184

ß)

√“¬‰¥â · ≈–§à “ „™â ®à “ ¬Õ◊Ë π

æ— π ∫“∑ Ì“À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 2546 2545

∫√‘ …— ∑ ¬à Õ ¬ ¥Õ°‡∫’È ¬ √— ∫ √“¬‰¥â Õ◊Ë π §à “ „™â ®à “ ¬„π°“√∫√‘ À “√ ¥Õ°‡∫’È ¬ ®à “ ¬

2,578 515 15,319) ( 27) (

336 3,086 99) 2,631)

347 30,982 45,239) ( (

38 7,281 38,982) 3,011)

29,357 16,938 44,574 12,742 ( 2,434) ( 9,096) ( 133,382) ( 121,505)

°‘ ® °“√√à « ¡§â “ ¥Õ°‡∫’È ¬ √— ∫ √“¬‰¥â Õ◊Ë π §à “ „™â ®à “ ¬„π°“√∫√‘ À “√ ¥Õ°‡∫’È ¬ ®à “ ¬

( (

84 7,212

7,704 144)

(

6,530)

282 23,553 43,485) ( -

31 1,162 38,444) -

∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π ¥Õ°‡∫’È ¬ √— ∫ √“¬‰¥â Õ◊Ë π §à “ „™â ®à “ ¬„π°“√∫√‘ À “√ ¥Õ°‡∫’È ¬ ®à “ ¬

(

¥Õ°‡∫’È ¬ ®à “ ¬∫√‘ …— ∑ ¬à Õ ¬ à « π„À≠à ®à “ ¬„Àâ · °à ° Õß∑ÿ π √«¡∏ÿ √ °‘ ® ‰∑¬†2†„πÕ— µ √“‡ß‘ π „Àâ °Ÿâ ¬◊ ¡ ·°à ≈Ÿ ° §â “ ™—È π ¥’ † (MLR)†≈∫ √â Õ ¬≈–†1†µà Õ ªï † §à “ „™â ®à “ ¬„π°“√∫√‘ À “√®“°∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π † à « π„À≠à ®à “ ¬„Àâ ∫ √‘ …— ∑ „π°≈ÿà ¡ ‡´Á π ∑√— ≈ „πÕ— µ √“ √âÕ¬≈– 0.8 ¢Õß√“¬‰¥â¢Õß°≈ÿà¡∫√‘…—∑·µà ‰ ¡à µË” °«à “ ‡¥◊ Õ π≈–†3†≈â “ π∫“∑ ®)††††º≈µÕ∫·∑π°√√¡°“√ º≈µÕ∫·∑π∑—È ß À¡¥†´÷Ë ß ‰¥â · °à ‡ ß‘ π ‡¥◊ Õ π·≈–†º≈ª√–‚¬™πå Õ◊Ë π †√«¡∑—È ß ‡∫’È ¬ ª√–™ÿ ¡ °√√¡°“√∑’Ë · ¥ß‡ªì π §à “ „™â ®à “ ¬ „πß∫°”‰√¢“¥∑ÿπ¢Õß°√√¡°“√·≈–ºŸâ∫√‘À“√¢Õß∫√‘…—∑ ”À√—∫ªï†æ.».†2546†¡’®”π«π‡ß‘π√«¡∑—Èß ‘Èπ†35.55†≈â“π∫“∑ (æ.».†2545 : 36.56 ≈â“π∫“∑)

PAGE

185

©) ††¬Õ¥§â“ß™”√–∑’Ë‡°‘¥®“°§à“‡™à“ §à“∫√‘°“√·≈–§à“∫√‘À“√ß“π (À¡“¬‡Àµÿ 5)

æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

≈Ÿ°Àπ’È∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡√’¬≈µ’È ‡´Õ√å«‘ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ æ—≤π“ æ√–√“¡ 2 ®”°—¥ ∫√‘…—∑ ∫“ßπ“‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈‡«‘≈¥å æ≈“´à“ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“‡™’¬ß„À¡à ®”°—¥ ∫√‘…—∑Õ◊Ëπ

5,365 3,872 2,164 1,757 1,437 43

8,809 1,588 1,633 1,153 1,412

°‘®°“√√à«¡§â“ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 3 ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡√’¬≈µ’È ‡´Õ√å«‘ æ√–√“¡ 3 ®”°—¥

7,392 1,424 3,829 12,645

2,187 6,435 6,475 15,178

2,800 624

3,038 -

≈Ÿ°Àπ’È°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑‚√ß·√¡‡´Áπ∑√—≈æ≈“´à“ ®”°—¥ √√æ ‘π§â“‡´Áπ∑√—≈ ∫√‘…—∑Õ◊Ëπ

1,424 4,312 2,311 26,109

2,187 1,483 3,455 24,758

PAGE

186

™)††††‡ß‘π„Àâ°Ÿâ¬◊¡·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π °“√‡ª≈’Ë ¬ π·ª≈ß„π‡ß‘ π „Àâ °Ÿâ ¬◊ ¡ ·°à °‘ ® °“√∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π „π√–À«à “ ßªï ¡’ ¥— ß π’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

‡ß‘ π „Àâ °Ÿâ ¬◊ ¡ ∑—È ß √–¬– —È π ·≈–√–¬–¬“« ¬Õ¥¬°¡“µâ π ªï ‡ß‘ π „Àâ °Ÿâ √ –À«à “ ßªï √— ∫ ™”√–§◊ π Àπ’È ß — ¬ ®– Ÿ ≠ ¬Õ¥§ß‡À≈◊Õª≈“¬ªï

(

13,093 4,902 1,801) ( 16,194

8,581 10,000 5,488) 13,093

4,744,053 929,223 1,225,288 4,647,983 ( 3,761,653) ( 823,194) ( 9,959) 2,207,688 4,744,053

¬Õ¥§ß‡À≈◊Õ¢Õß‡ß‘π„Àâ°Ÿâ¬◊¡·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ≥ «—π∑’Ë 31 ∏—π«“§¡ ¡’¥—ßπ’È

æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à∫√‘…—∑¬àÕ¬ °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 4 ∫√‘…—∑ À≈—ß «π ‡√’¬≈µ’È

‡ß‘π∑¥√Õß®à“¬·°à∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π

16,194

√«¡‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ

16,194

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

188,340 -

290,000 921,564

13,093

860

928

13,093

189,200

1,212,492

PAGE

187

æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

‡ß‘π„Àâ°¬Ÿâ ¡◊ √–¬–¬“« ‡ß‘π„Àâ°¬Ÿâ ¡◊ ·°à∫√‘…∑— ¬àÕ¬·≈–°‘®°“√√à«¡§â“ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ √—µπ“∏‘‡∫»√å ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ¢Õπ·°àπ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ™≈∫ÿ√’ ®”°—¥ ∫√‘…—∑ À≈—ß «π ‡√’¬≈µ’È ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´à“ ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å ∑“«‡«Õ√å ®”°—¥ À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠

746,258 62,978 729,261 731,882 342,781‹ 1,592,907 201,993 189,440 8,154 2,347 961,741 150 75 ( 9,959) ( 9,959) 2,018,488 3,531,561

‡ß‘π„Àâ°Ÿâ¬◊¡·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑ ¬“¡ √’‡∑≈ ¥’‡«≈≈ÁÕª‡¡âπ∑å ®”°—¥ 162,739 162,739 À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ( 162,739) ( 162,739) -

162,739 162,739 ( 162,739) ( 162,739) -

√«¡‡ß‘π„Àâ°Ÿâ¬◊¡√–¬–¬“«

2,018,488

3,531,561

√«¡‡ß‘π„Àâ°Ÿâ¬◊¡·°à°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

16,194

13,093

2,207,608

4,744,053

PAGE

188

‡ß‘ π „Àâ °Ÿâ ¬◊ ¡ ·°à ∫ √‘ …— ∑ ¬à Õ ¬·≈–∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π †‡ªì π ‡ß‘ π „Àâ °Ÿâ ¬◊ ¡ ∑’Ë ‰ ¡à ¡’ À ≈— ° ª√–°— π „π °ÿ ≈ ‡ß‘ π ∫“∑†¬°‡«â π ‡ß‘ π „Àâ °Ÿâ ¬◊ ¡ ·°à ∫ √‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“†¢Õπ·°à π †®”°— ¥ †´÷Ë ß ‡ªì π ∫√‘ …— ∑ ¬à Õ ¬¡’ À ≈— ° ª√–°— π ‡ªì π ∑’Ë ¥‘ π ¢Õß∫√‘ …— ∑ ¬à Õ ¬¥— ß °≈à “ « ‚¥¬¡’√“§“µ“¡∫—≠™’¢Õß∑’Ë¥‘π®”π«π‡ß‘π†326†≈â“π∫“∑†(æ.».†2545†:†326†≈â“π∫“∑)†‡ß‘π„Àâ°Ÿâ¬◊¡¥—ß°≈à“«†¡’°”Àπ¥ ™”√–§◊π‡¡◊ËÕ∑«ß∂“¡†‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑¬àÕ¬∑’Ë∫√‘…—∑„À≠à∂◊ÕÀÿâπ√âÕ¬≈–†100†¡’¥Õ°‡∫’È¬‡∑à“°—∫Õ—µ√“¥Õ°‡∫’È¬¢Õß‡ß‘πΩ“° ª√–®”¢Õß∫√‘…—∑„À≠à†‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑¬àÕ¬Õ◊Ëπ·≈–∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π¡’Õ—µ√“¥Õ°‡∫’È¬‡∑à“°—∫Õ—µ√“‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√ ¢Õß∫√‘ …— ∑ „À≠à ‡ß‘ π „Àâ °Ÿâ ¬◊ ¡ ·°à ∫ √‘ …— ∑ † ¬“¡√’ ‡ ∑≈†¥’ ‡ «≈≈Á Õ ª‡¡â π ∑å † ®”°— ¥ †‡ªì π ‡ß‘ π „Àâ °Ÿâ ¬◊ ¡ ∑’Ë ‰ ¡à ¡’ ‘ ∑ ∏‘ ‡ √’ ¬ °√â Õ ß‡Àπ◊ Õ ‡®â “ Àπ’È √ “¬Õ◊Ë π µ“¡ — ¥ à « π°“√∂◊ Õ Àÿâ π ¢Õß°≈ÿà ¡ ∫√‘ …— ∑ †≥†«— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†°≈ÿà ¡ ∫√‘ …— ∑ ¡’ ‡ ß‘ π ≈ß∑ÿ π „πÀÿâ π “¡— ≠ ‡ªì π — ¥ à « π√â Õ ¬≈–†15†¢Õß®”π«πÀÿâ π ∑’Ë Õ Õ°·≈–®”Àπà “ ¬¢Õß∫√‘ …— ∑ † ¬“¡√’ ‡ ∑≈†¥’ ‡ «≈≈Á Õ ª‡¡â π ∑å † ®”°— ¥ †´÷Ë ß ‰¥â ¥”‡π‘ π °“√ ª√— ∫ ‚§√ß √â “ ßÀπ’È °— ∫ ‡®â “ Àπ’È ‡ √Á ® ‡√’ ¬ ∫√â Õ ¬·≈â « †Õ¬à “ ß‰√°Á µ “¡†µ“¡·ºπøóô π øŸ † ∫√‘ …— ∑ ®–‰¥â √— ∫ §◊ π ∫“ß à « π¢Õß‡ß‘ π °Ÿâ „π√–¬–‡«≈“π“π„πÕπ“§µ†´÷Ë ß °à Õ „Àâ ‡ °‘ ¥ §«“¡‰¡à · πà π Õπ„π°“√‰¥â √— ∫ ™”√–‡ß‘ π „π¿“¬Àπâ “ †¥— ß π—È π ºŸâ ∫ √‘ À “√µ— ¥ ‘ π „® ∑’Ë ® –µ—È ß §à “ ‡º◊Ë Õ Àπ’È ß — ¬ ®– Ÿ ≠ ‡µÁ ¡ ®”π«π ”À√— ∫ ≈Ÿ ° Àπ’È √ “¬π’È ´) ‡ß‘ π°Ÿâ ¬◊ ¡ ®“°°‘ ® °“√∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π °“√‡ª≈’Ë ¬ π·ª≈ß„π‡ß‘ π °Ÿâ ¬◊ ¡ ®“°°‘ ® °“√∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π „π√–À«à “ ßªï ¡’ ¥— ß π’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 ¬Õ¥¬°¡“µâ π ªï ‡ß‘ π °Ÿâ ¬◊ ¡ √–À«à “ ßªï ™”√–§◊ π ¬Õ¥§ß‡À≈◊Õª≈“¬ªï

(

44,594 1,721 43,575) ( 2,740

45,675 4,982 6,063) 44,594

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 2,754,838 1,886,208 1,419,836 1,281,480 ( 2,123,626) ( 412,850) 2,051,048 2,754,838

PAGE

189

¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ ¡’¥—ßπ’È æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

‡ß‘π∑¥√Õß®à“¬·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ ‡ß‘π°Ÿâ¬◊¡®“°∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡´Áπ∑√—≈‡√’¬≈µ’È ‡´Õ√å«‘ ®”°—¥ °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 2 ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å ∑“«‡«Õ√å ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´à“ ®”°—¥

545,042 158,990 500 -

551,053 159,023 337,861 174,166

‡ß‘π°Ÿâ¬◊¡®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑ ·ø√’Ë æ≈“´à“ ®”°—¥ ∫√‘…∑— Õ◊πË √«¡‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ ®“°°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

731 2,009

536 758

2,740

1,294

704,532

1,222,103

‡ß‘π°Ÿâ¬◊¡√–¬–¬“« ‡ß‘π°Ÿâ¬◊¡®“°∫√‘…—∑¬àÕ¬ °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 2

1,130,951

1,289,940

215,565

242,795

43,300 43,300

1,346,516

1,532,735

44,594

2,051,048

2,754,838

‡ß‘π°Ÿâ¬◊¡®“°°‘®°“√√à«¡§â“ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 3 ®”°—¥

‡ß‘π°Ÿâ¬◊¡®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π °≈ÿà¡∫√‘…—∑ √√æ ‘π§â“‡´Áπ∑√—≈ √«¡‡ß‘π°Ÿâ¬◊¡√–¬–¬“«°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π √«¡

2,740

‡ß‘ π °Ÿâ ¬◊ ¡ √–¬– —È π ®“°∫√‘ …— ∑ ¬à Õ ¬†‡ªì π ‡ß‘ π °Ÿâ ¬◊ ¡ ∑’Ë ‰ ¡à ¡’ À ≈— ° ª√–°— π „π °ÿ ≈ ‡ß‘ π ∫“∑†‡ß‘ π °Ÿâ ¬◊ ¡ ¥— ß °≈à “ «¡’ °”Àπ¥ ™”√–§◊ π ‡¡◊Ë Õ ∑«ß∂“¡†·≈–¡’ Õ— µ √“¥Õ°‡∫’È ¬ ‡∑à “ °— ∫ Õ— µ √“¥Õ°‡∫’È ¬ ‡ß‘ π Ω“°ª√–®”¢Õß∏π“§“√·≈–†Õ— µ √“¥Õ°‡∫’È ¬ „Àâ °Ÿâ ¬◊ ¡ ·°à ≈Ÿ ° §â “ ™—È π ¥’ ¢ Õß∏π“§“√À— ° †√â Õ ¬≈–†1 ‡ß‘ π °Ÿâ ¬◊ ¡ √–¬–¬“«®“°°‘ ® °“√√à « ¡§â “ ‡ªì π ‡ß‘ π °Ÿâ ¬◊ ¡ ∑’Ë ‰ ¡à ¡’ À ≈— ° ª√–°— π „π °ÿ ≈ ‡ß‘ π ∫“∑†‡ß‘ π °Ÿâ ¬◊ ¡ ¥— ß °≈à “ «¡’ °”Àπ¥ √–¬–‡«≈“™”√–§◊ π ∑—È ß ‘È π †10†ªï † ‚¥¬™”√–§◊ π ‡ªì π ß«¥Ê†ß«¥≈–‡∑à “ Ê†°— π †·≈–¡’ Õ— µ √“¥Õ°‡∫’È ¬ √â Õ ¬≈–†2†µà Õ ªï

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¨) √“¬°“√°— ∫ ∫√‘ …— ∑ ∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π „π‡¥◊ Õ π∏— π «“§¡†æ.».†2546†∫√‘ …— ∑ ¬à Õ ¬¢Õß°≈ÿà ¡ ∫√‘ …— ∑ ‰¥â ≈ ßπ“¡„π∫— π ∑÷ ° §«“¡‡¢â “ „®°— ∫ ∫√‘ …— ∑ †‚√ß·√¡ ‡´Áπ∑√—≈†æ≈“´à“†®”°—¥†(¡À“™π)†(ç‚√ß·√¡é)†‚¥¬∫√‘…—∑¬àÕ¬µ°≈ß®–„Àâ ‚ √ß·√¡‡™à “ ™à « ß∑’Ë ¥‘ π †·≈– ‘Ë ß °à Õ √â “ ß à « πÀπ÷Ë ß ´÷Ëßµ—ÈßÕ¬Ÿà∫√‘‡«≥‡´Áπ∑√—≈†‡«‘≈¥å†æ≈“´à“†‡ªìπ‡«≈“†29†ªï†‚¥¬∑“ßºŸâ®–‡™à“µ°≈ß®–„™âæ◊Èπ∑’Ë·≈– ‘Ëß°àÕ √â“ß¥—ß°≈à“«æ—≤π“ ‚§√ß°“√‚√ß·√¡†∑’Ë ® Õ¥√∂†·≈–†Convention†Hall†≥†«— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†√“¬≈–‡Õ’ ¬ ¥¢Õß — ≠ ≠“ À≈— ° Õ¬Ÿà „π√–À«à“ß°“√æ‘®“√≥“

28. ∫√‘ …— ∑ ¬à Õ ¬∑’Ë ”§—≠ ∫√‘ …— ∑ ¬à Õ ¬∑’Ë √ «¡Õ¬Ÿà „ πß∫°“√‡ß‘ π √«¡¡’ ¥— ß π’È ∑ÿ π ™Ì “ √–·≈â «

∏ÿ √ °‘ ® À≈— ° ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 2 ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ‡™’¬ß„À¡à ®”°—¥

(1) (1), (2) ·≈– (4) (3) (1)

— ¥ à « π‡ß‘ π ≈ß∑ÿ π ∑—Èß∑“ßµ√ß·≈–∑“ßÕâÕ¡ 31 ∏—π«“§¡ 31 ∏—π«“§¡ æ.». 2546 æ.». 2545 æ.». 2546 æ.». 2545 ≈â“π∫“∑ ≈â“π∫“∑ √â Õ ¬≈– √â Õ ¬≈– 1,500.0 1,000.0

1,360.0 1,000.0

100.0 100.0

830.0 200.0

100.0 100.0

1.0 1.0 402.0 900.0

100.0 100.0 99.0 93.3

399.5

212.5

80.0

5‹ 18.0 260.0 4‹ 02.0

135.0 260.0 4‹ 02.0

79.2 78.1 60.0

(1)

300.0

60.5

(2) (1)

175.0 315.1

60.5 60.0

(6) (6) (6) (6)

289.7 405.3 1,365.0 379.0

395.4 450.0 1,450.0 -

60.5 100.0 100.0 100.0

60.5 100.0 100.0 -

∫√‘…—∑ À≈—ß «π ‡√’¬≈µ’È ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ √—µπ“∏‘‡∫»√å ®”°—¥ (™◊ÕË ‡¥‘¡ ç∫√‘…∑— ‡´Áπ∑√—≈æ—≤π“ ‚§√“™ ®”°—¥é) ∫√‘…—∑ ‡´Áπ∑√—≈ ‡√’¬≈µ’È ‡´Õ√å«‘ ®”°—¥ (2) ∫√‘…—∑ ‡´Áπ∑√—≈ øŸÑ¥Õ‡«π‘« ®”°—¥ (4) ∫√‘…—∑ ∫“ßπ“ ‡´Áπ∑√—≈ æ√ÁÕæ‡æÕ√åµ’È ®”°—¥ (1) ∂÷ß (5) ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å∑“«‡«Õ√å ®”°—¥ (1) (™◊ËÕ‡¥‘¡ ç∫√‘…—∑ ‡´Áπ∑√—≈ ´’∫’¥’ ®”°—¥é) ∫√‘…—∑ ‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´à“ ®”°—¥ (2) ·≈– (4) (™◊ËÕ‡¥‘¡ ç∫√‘…—∑ ‡´Áπ∑√—≈ ´’∫’¥’ ‡√’¬≈µ’È‡´Õ√å«‘ ®”°—¥é) ∫√‘…—∑ ‡´Áπ∑√—≈ ‡æ≈¬å ·≈π¥å ®”°—¥ (1) ·≈– (5) ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ¢Õπ·°àπ ®”°—¥ (1)‹ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ‰ππå ·§«√å ®”°—¥ (1)

‡ß‘π≈ß∑ÿπ„π°‘®°“√√à«¡§â“ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ æ√–√“¡ 3 ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ ‡√’¬≈µ’È ‡´Õ√å«‘ æ√–√“¡ 3 ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ™≈∫ÿ√’ ®”°—¥

‡ß‘π≈ß∑ÿπ„π°Õß∑ÿπ√«¡ °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 1 °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 2 °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 4 °Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 5

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∑ÿπ™”√–·≈â«¢Õß·≈– —¥ à«π°“√≈ß∑ÿπ„π°Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬†1†°Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬†2†°Õß∑ÿπ√«¡∏ÿ√°‘®‰∑¬ 4†·≈–°Õß∑ÿ π √«¡∏ÿ √ °‘ ® ‰∑¬†5†‡ªì π ∑ÿ π ·≈– — ¥ à « π¢ÕßÀπà « ¬≈ß∑ÿ π ∑’Ë ¡’ ‘ ∑ ∏‘ „ π°“√√— ∫ ‡ß‘ π ªí π º≈À≈— ß ®“°∑’Ë À πà « ¬ ≈ß∑ÿ π ª√–‡¿∑Õ◊Ë π ‰¥â √— ∫ ‰ª·≈â « ∏ÿ √ °‘ ® À≈— ° (1) °à Õ √â “ ßÕ“§“√»Ÿ π ¬å ° “√§â “ ‡æ◊Ë Õ „Àâ ‡ ™à “ (2) „Àâ ∫ √‘ ° “√¥â “ π “∏“√≥Ÿ ª ‚¿§¿“¬„π»Ÿ π¬å °“√§â “ (3) °à Õ √â “ ßÀâ Õ ß™ÿ ¥ æ— ° Õ“»— ¬ ·≈–Õ“§“√√â “ π§â “ ‡æ◊Ë Õ „Àâ ‡ ™à “ (4) ¢“¬Õ“À“√·≈–‡§√◊Ë Õ ß¥◊Ë ¡ (5) „Àâ ∫ √‘ ° “√ «π πÿ ° ·≈– «ππÈ” ∫π»Ÿ π ¬å ° “√§â “ (6) ≈ß∑ÿ π „πÕ — ß À“√‘ ¡ ∑√— æ ¬å

29. Àπ’È ‘ π ∑’Ë Õ “®®–‡°‘ ¥ ¢÷È π „π¿“¬Àπâ “ ¿“√–§È” ª√–°— π °) ≥†«— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†∫√‘ …— ∑ ·≈–∫√‘ …— ∑ ¬à Õ ¬¡’ À π’È ‘ π ∑’Ë Õ “®‡°‘ ¥ ¢÷È π „π¿“¬Àπâ “ ®“°°“√∑’Ë ∏ π“§“√ ÕÕ°Àπ—ß ◊Õ§È”ª√–°—π∫√‘…—∑„Àâ°—∫Õß§å°“√√—∞«‘ “À°‘®·ÀàßÀπ÷Ëß†‡æ◊ËÕ§È”ª√–°—π°“√„™â ‰øøÑ“®”π«π‡ß‘π√«¡ª√–¡“≥ 155†≈â“π∫“∑†(æ.».†2545†:†125†≈â“π∫“∑) (¢) ≥†«— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†∫√‘ …— ∑ ‰¥â ¡’ ¿ “√–®“°°“√§È” ª√–°— π °“√ªØ‘ ∫— µ‘ µ “¡ — ≠ ≠“¢Õß°‘ ® °“√√à « ¡§â “ ¥— ß π’È - ∫√‘…—∑‡´Áπ∑√—≈æ—≤π“æ√–√“¡†3†®”°—¥†·≈–∫√‘…—∑¬àÕ¬†¿“¬„µâ —≠≠“‡™à“Õ“§“√·≈– —≠≠“‡™à“ß“π√–∫∫√–À«à“ß ∫√‘…—∑‡´Áπ∑√—≈æ—≤π“æ√–√“¡ 3 ®”°—¥ ·≈–∫√‘…—∑¬àÕ¬°—∫°Õß∑ÿπ√«¡‰∑¬∏ÿ√°‘® 1 - ∫√‘ …— ∑ ‡´Á π ∑√— ≈ æ— ≤ π“æ√–√“¡†3†®”°— ¥ ·≈–∫√‘ …— ∑ ¬à Õ ¬†¿“¬„µâ — ≠ ≠“«à “ ®â “ ßºŸâ ∫ √‘ À “√Õ — ß À“√‘ ¡ ∑√— æ ¬å √ –À«à “ ß ∫√‘…—∑‡´Áπ∑√—≈æ—≤π“æ√–√“¡ 3 ®”°—¥ ·≈–∫√‘…—∑¬àÕ¬°—∫°Õß∑ÿπ√«¡‰∑¬∏ÿ√°‘® 1 ¿“√–ºŸ ° æ— π À√◊ Õ Àπ’È ‘ π „¥Ê†∑’Ë ∫ √‘ …— ∑ §È” ª√–°— π „Àâ · °à ∫ √‘ …— ∑ †‡´Á π ∑√— ≈ æ— ≤ π“æ√–√“¡†3†®”°— ¥ ·≈–∫√‘ …— ∑ ¬à Õ ¬∑’Ë ¡’ °—∫°Õß∑ÿπ√«¡‰∑¬∏ÿ√°‘®†1†µ“¡ —≠≠“§È”ª√–°—π¥—ß°≈à“«¢â“ßµâπ†¡’«ß‡ß‘π√«¡∑—Èß ‘Èπ†474.3†≈â“π∫“∑†´÷Ëß‡ªìπ‰ª µ“¡ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑‡´Áπ∑√—≈æ—≤π“æ√–√“¡ 3 ®”°—¥·≈–∫√‘…—∑¬àÕ¬

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(§) ≥†«— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546†∫√‘ …— ∑ ¡’ ¿ “√–§È” ª√–°— π ‡ß‘ π °Ÿâ ¢ Õß∫√‘ …— ∑ ¬à Õ ¬„π«ß‡ß‘ π †1,575†≈â “ π∫“∑ ¢â Õ æ‘ æ “∑ (ß) ¢â Õ æ‘ æ “∑√–À«à “ ß∫√‘ …— ∑ ·≈–°“√√∂‰ø·Àà ß ª√–‡∑»‰∑¬∑’Ë ‡ °‘ ¥ „πæ.».†2545†‰¥â ‘È π ÿ ¥ ·≈â « „π√–À«à “ ßªï ‚ ¥¬ ∫√‘ …— ∑ ¬‘ π ¬Õ¡®à “ ¬‡ß‘ π ™¥‡™¬„Àâ °— ∫ °“√√∂‰ø·Àà ß ª√–‡∑»‰∑¬†(À¡“¬‡Àµÿ † 19)†‡ªì π ®”π«π‡ß‘ π ∑—È ß ‘È π „π à « π ¢Õß∫√‘…—∑†314.94 ≈â“π∫“∑ µ≈Õ¥√–¬–‡«≈“ 6 ªï §¥’§«“¡ §¥’ § «“¡∑’Ë ¡’ “√– ”§— ≠ °— ∫ ∫√‘ …— ∑ ·≈–°≈ÿà ¡ ∫√‘ …— ∑ †·≈–§«“¡§◊ ∫ Àπâ “ ¢Õß§¥’ ® π∂÷ ß †«— π ∑’Ë † 31†∏— π «“§¡†æ.».†2546 ¡’ ¥— ß π’È (®)††„πªï † æ.».†2541†∫√‘ …— ∑ ¬à Õ ¬·Àà ß Àπ÷Ë ß ‰¥â ¬◊Ë π øÑ Õ ß√â Õ ß∫√‘ …— ∑ ºŸâ „ Àâ ‡ ™à “ ∑’Ë ¥‘ π ·Àà ß Àπ÷Ë ß µà Õ »“≈™—È π µâ π †‡π◊Ë Õ ß®“° º‘ ¥ — ≠ ≠“‡™à “ ∑’Ë ¥‘ π ·≈–‡√’ ¬ °√â Õ ß§à “ ‡ ’ ¬ À“¬®”π«π‡ß‘ π †444†≈â “ π∫“∑†®”‡≈¬„π§¥’ ¥— ß °≈à “ «¢â “ ßµâ π øÑ Õ ß·¬â ß ∫√‘…—∑¬àÕ¬µàÕ»“≈„Àâ™”√–‡ß‘π§à“µÕ∫·∑π°“√‡™à“∑’Ë∂÷ß°”Àπ¥™”√–·≈–§à“‡ ’¬À“¬®”π«π‡ß‘π√«¡†1,249†≈â“π∫“∑ (·∫àß‡ªìπ§à“µÕ∫·∑π°“√‡™à“®”π«π‡ß‘πª√–¡“≥†349†≈â“π∫“∑†·≈–§à“§«“¡‡ ’¬À“¬‡π◊ËÕß®“°º‘¥ —≠≠“®”π«π‡ß‘π ª√–¡“≥†900†≈â“π∫“∑)†§¥’§«“¡¥—ß°≈à“«‰¥â¬ÿµ‘≈ß‚¥¬∫√‘…—∑¬àÕ¬·≈–ºŸâ „Àâ‡™à“‰¥â∑” —≠≠“ª√–π’ª√–πÕ¡¬Õ¡§«“¡ ‡ πÕµàÕ»“≈·æàß‡¡◊ËÕ«—π∑’Ë†6†¡’π“§¡†æ.».†2546†·≈–»“≈‰¥âæ‘æ“°…“µ“¡ —≠≠“¥—ß°≈à“«†´÷ËßºŸâ „Àâ‡™à“∑’Ë¥‘π¬‘π¬Õ¡ ®à “ ¬‡ß‘ π „Àâ ∫ √‘ …— ∑ ¬à Õ ¬‡ªì π ®”π«π†1†≈â “ π∫“∑·≈–∫√‘ …— ∑ ¬à Õ ¬¬‘ π ¬Õ¡¬°‡≈‘ ° — ≠ ≠“∑’Ë ¥‘ π ¥— ß °≈à “ «·≈â « (©)††„πªï † æ.».†2538†∫√‘ …— ∑ „πª√–‡∑»·Àà ß Àπ÷Ë ß †‰¥â øÑ Õ ß√â Õ ß∫√‘ …— ∑ §«“¡º‘ ¥ ∞“πº‘ ¥ — ≠ ≠“‡™à “ ®”π«π∑ÿ π ∑√— æ ¬å 85.8 ≈â“π∫“∑ §¥’ ‰¥â ‘Èπ ÿ¥·≈â«„πªï†æ.». 2545 ‚¥¬»“≈Æ’°“æ‘æ“°…“„Àâ∫√‘…—∑™π–§¥’ „πªï†æ.».†2539†∫√‘…—∑¥—ß°≈à“«‰¥âøÑÕß√âÕß∫√‘…—∑†∞“πº‘¥ —≠≠“‡™à“Õ’°Àπ÷Ëß§¥’†®”π«π∑ÿπ∑√—æ¬å†83.4†≈â“π∫“∑ ∫√‘…—∑‰¥âøÑÕß·¬âß‡√’¬°§à“‡ ’¬À“¬∞“π≈–‡¡‘¥†‚¥¬‡√’¬°§à“‡ ’¬À“¬®”π«π†2.5†≈â“π∫“∑†„π‡¥◊Õπµÿ≈“§¡†æ.».†2544 »“≈™—È π µâ π æ‘ æ “°…“„Àâ ∫ √‘ …— ∑ ™π–§¥’ † ¢≥–π’È Õ ¬Ÿà √ –À«à “ ß°“√æ‘ ® “√≥“¢Õß»“≈Õÿ ∑ ∏√≥å (™)††§¥’§«“¡Õ◊Ëπ¢Õß°‘®°“√√à«¡§â“ µ“¡∑’Ë°≈à“«‰«â „πÀ¡“¬‡Àµÿ¢âÕ 31

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30. ¿“√–ºŸ ° æ— π ¿“√–ºŸ ° æ— π ¢Õß§à “ „™â ®à “ ¬ΩÉ “ ¬∑ÿπ √“¬®à “ ¬ΩÉ “ ¬∑ÿ π ∑’Ë ∂◊ Õ ‡ªì π ¿“√–ºŸ ° æ— π †≥†«— π ∑’Ë „ πß∫¥ÿ ≈ ·µà ‰ ¡à ‰ ¥â √— ∫ √Ÿâ „ πß∫°“√‡ß‘ π †¡’ ¥— ß µà Õ ‰ªπ’È ≈â“π∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å

2,219

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545

531

¿“√–ºŸ ° æ— π ®“° —≠≠“‡™à“¥”‡π‘πß“π - ∫√‘…—∑‡ªìπºŸâ ‡ ™à “ ®”π«π‡ß‘ π ¢—È π µË” ∑’Ë µâ Õ ß®à “ ¬„πÕπ“§µµ“¡ — ≠ ≠“‡™à “ ¥”‡π‘ π ß“π∑’Ë ‰¡à “¡“√∂¬°‡≈‘°‰¥â ¡’¥—ßπ’È ≈â“π∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 ¿“¬„π 1 ªï ¿“¬„π 2 ªï ·µà ‰¡à‡°‘π 5 ªï ‡°‘π°«à“ 5 ªï

171 814 15,494 16,479

164 714 15,765 16,643

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2546 2545 324 1,296 972 2,592

324 1,296 1,296 2,916

¿“√–ºŸ ° æ— π ¥— ß °≈à “ «‰¡à √ «¡¿“√–ºŸ ° æ— π µ“¡ — ≠ ≠“‡™à “ ∑’Ë ¡’ ° “√™–≈Õ‚§√ß°“√°à Õ √â “ ß´÷Ë ß °”≈— ß Õ¬Ÿà „ π√–À«à “ ß°“√ ‡®√®“ —≠≠“‡™à“„À¡à (°)†·≈–†(¢)

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(°) °≈ÿà ¡ ∫√‘ …— ∑ ‰¥â ≈ ßπ“¡„π — ≠ ≠“‡™à “ ∑’Ë ¥‘ π °— ∫ ∫ÿ § §≈¿“¬πÕ°‡æ◊Ë Õ „™â „ π°“√°à Õ √â “ ß»Ÿ π ¬å ° “√§â “ „Àâ ‡ ™à “ — ≠ ≠“‡™à “ π’È ¡’√–¬–‡«≈“†30†ªï† ‘Èπ ÿ¥„π‡¥◊Õπæƒ…¿“§¡†æ.».†2570†µ“¡‡ß◊ËÕπ‰¢¢Õß —≠≠“°≈ÿà¡∫√‘…—∑µâÕß®à“¬§à“‡™à“≈à«ßÀπâ“ ´÷Ëß‰¥â∫—π∑÷°‰«â „πß∫¥ÿ≈¿“¬„µâ†çÕ“§“√·≈–Õÿª°√≥å-‚§√ß°“√√–À«à“ß°“√æ—≤π“é†·≈–®–µâÕß®à“¬§à“‡™à“‡ªìπ√“¬‡¥◊Õπ ‚¥¬§à“‡™à“®–ª√—∫‡æ‘Ë¡∑ÿ°†5†ªï†„πÕ—µ√“√âÕ¬≈–†10†¢Õß§à“‡™à“ ÿ¥∑â“¬†Õ¬à“ß‰√°Áµ“¡‚§√ß°“√¥—ß°≈à“«‰¥â™–≈ÕÕÕ°‰ª (¢) °≈ÿà¡∫√‘…—∑‰¥â≈ßπ“¡„π —≠≠“‡™à“æ◊Èπ∑’Ë°—∫∫√‘…—∑„πª√–‡∑»·ÀàßÀπ÷Ëß‡æ◊ËÕ„™â „π°“√°àÕ √â“ß»Ÿπ¬å°“√§â“„Àâ‡™à“† —≠≠“‡™à“π’È ¡’√–¬–‡«≈“†30†ªï† ‘Èπ ÿ¥„π‡¥◊Õπ¡‘∂ÿπ“¬π†æ.».†2573†µ“¡‡ß◊ËÕπ‰¢¢Õß —≠≠“°≈ÿà¡∫√‘…—∑®–µâÕß®à“¬§à“‡™à“≈à«ßÀπâ“ ‚¥¬ à«π∑’Ë®à“¬·≈â«†‰¥â∫—π∑÷°‰«â „πß∫¥ÿ≈¿“¬„µâ ‚§√ß°“√√–À«à“ß°“√æ—≤π“†·≈–µâÕß®à“¬§à“‡™à“‡ªìπ√“¬‡¥◊Õπ†‚¥¬§à“‡™à“ ®–ª√— ∫ ‡æ‘Ë ¡ ∑ÿ ° †3†ªï † „πÕ— µ √“√â Õ ¬≈–†15†¢Õß§à “ ‡™à “ ªï ÿ ¥ ∑â “ ¬† — ≠ ≠“ “¡“√∂µà Õ Õ“¬ÿ µà Õ ‰ª‰¥â Õ’ ° ‚¥¬¡’ °”Àπ¥ √–¬–‡«≈“‡™à “ ‡™à π ‡¥’ ¬ «°— ∫ ∑’Ë ºŸâ „Àâ‡™à“‰¥â‡™à“®“°‡®â“¢Õß∑’Ë ¥‘π†°√√¡ ‘∑∏‘ „ πÕ“§“√·≈– ‘Ë ßª≈Ÿ ° √â “ß∫πæ◊Èπ∑’Ë ¥— ß°≈à“ « ®–µ°‡ªì π ¢ÕßºŸâ „ Àâ ‡ ™à “ ‡¡◊Ë Õ ‘È π ÿ ¥ — ≠ ≠“‡™à “ †„π√–À«à “ ßªï † æ.».†2546†°≈ÿà ¡ ∫√‘ …— ∑ ¡‘ ‰ ¥â ®à “ ¬§à “ ‡™à “ ≈à « ßÀπâ “ µ“¡ —≠≠“∑’Ë°≈à“«‰«â¢â“ßµâπ‡π◊ËÕß®“°‚§√ß°“√‰¥â∂Ÿ°™–≈Õ‰«â‡ªìπ°“√™—Ë«§√“«†°”Àπ¥√–¬–‡«≈“‡™à“·≈–‡ß◊ËÕπ‰¢„π°“√‡™à“ Õ¬Ÿà „π√–À«à“ß°“√æ‘®“√≥“·°â ‰ ¢‚¥¬§Ÿà — ≠ ≠“∑—È ß ÕßΩÉ “ ¬ (§) °≈ÿà ¡ ∫√‘ …— ∑ ‰¥â ≈ ßπ“¡„π — ≠ ≠“‡™à “ ∑’Ë ¥‘ π ∑’Ë „ ™â „ π°“√°à Õ √â “ ß»Ÿ π ¬å ° “√§â “ „Àâ ‡ ™à “ ·≈– — ≠ ≠“‡™à “ Õ“§“√æ“≥‘ ™ ¬å °— ∫ ∫ÿ § §≈¿“¬πÕ°√«¡†3†©∫— ∫ † — ≠ ≠“‡™à “ †2†©∫— ∫ ‡ªì π — ≠ ≠“‡™à “ ∑’Ë ¥‘ π †¡’ √ –¬–‡«≈“†30†ªï † ‘È π ÿ ¥ „π‡¥◊ Õ π ‘ ß À“§¡ æ.».†2568†·≈–‡¥◊Õπ¡‘∂ÿπ“¬π†æ.».†2573†·≈– —≠≠“‡™à“Õ’°†1†©∫—∫‡ªìπ —≠≠“‡™à“Õ“§“√æ“≥‘™¬å†¡’√–¬–‡«≈“ 26†ªï† ‘Èπ ÿ¥„π‡¥◊Õπ°√°Æ“§¡†æ.».†2564†µ“¡‡ß◊ËÕπ‰¢¢Õß —≠≠“°≈ÿà¡∫√‘…—∑®–µâÕß®à“¬§à“‡™à“≈à«ßÀπâ“·≈–‡ß‘π §È”ª√–°—π ‘∑∏‘†´÷Ëß‰¥â∫—π∑÷°‰«â „πß∫¥ÿ≈¿“¬„µâ†çÕ“§“√·≈–Õÿª°√≥å-‚§√ß°“√√–À«à“ß°“√æ—≤π“·≈–‡ß‘πª√–°—π°“√‡™à“ ∑’Ë¥‘πé†πÕ°®“°π’È°≈ÿà¡∫√‘…—∑µâÕß®à“¬§à“‡™à“‡ªìπ√“¬‡¥◊Õπ·≈–®–ª√—∫§à“‡™à“∑ÿ°†5†ªï†‚¥¬°≈ÿà¡∫√‘…—∑‰¥â√—∫™”√–§◊π‡ß‘π §È”ª√–°—π ‘∑∏‘°“√‡™à“®”π«π†20†≈â“π∫“∑„πªï†æ.».†2540†·≈–®–‰¥â√—∫™”√–§◊π‡ß‘π§È”ª√–°—π ‘∑∏‘°“√‡™à“®”π«π 298.6†≈â“π∫“∑†π—∫·µàªï°“√‡™à“∑’Ë†21†®π∂÷ßªï°“√‡™à“∑’Ë†30† —≠≠“‡™à“∑’Ë¥‘π “¡“√∂µàÕÕ“¬ÿµàÕ‰ª‰¥âÕ’°‰¡àπâÕ¬°«à“ 15†ªï † ‚¥¬°“√·®â ß ‡ªì π ≈“¬≈— ° …≥å Õ— ° …√≈à « ßÀπâ “ Àπ÷Ë ß ªï °à Õ π§√∫°”Àπ¥Õ“¬ÿ ° “√‡™à “ †·≈–‡¡◊Ë Õ ‘È π ÿ ¥ — ≠ ≠“‡™à “ °≈ÿà ¡ ∫√‘ …— ∑ ®–¡Õ∫°√√¡ ‘ ∑ ∏‘ „ πÕ“§“√»Ÿ π ¬å ° “√§â “ ·≈– ‘Ë ß ª≈Ÿ ° √â “ ß∫π∑’Ë ¥‘ π ¥— ß °≈à “ «„Àâ · °à ºŸâ „ Àâ ‡ ™à “ (ß) „πªï † æ.».†2546†°≈ÿà ¡ ∫√‘ …— ∑ ‰¥â ≈ ßπ“¡„π — ≠ ≠“‡™à “ ∑’Ë ¥‘ π æ√â Õ ¡ ‘Ë ß ª≈Ÿ ° √â “ ß°— ∫ ”π— ° ß“π∑√— æ ¬å ‘ π à « π æ√–¡À“°…— µ √‘ ¬å † — ≠ ≠“‡™à “ π’È ¡’ √ –¬–‡«≈“†30†ªï † ‘È π ÿ ¥ „π‡¥◊ Õ π∏— π «“§¡†æ.».†2575†µ“¡‡ß◊Ë Õ π‰¢¢Õß — ≠ ≠“ ∫√‘…—∑®–µâÕß®à“¬§à“‡™à“‡ªìπ√“¬‡¥◊Õπ†‚¥¬ —≠≠“ “¡“√∂µàÕÕ“¬ÿÕÕ°‰ª‰¥âÕ’°§√“«≈–†30†ªï†·≈– ‘Ëßª≈Ÿ° √â“ß„¥Ê ‡æ‘Ë ¡ ‡µ‘ ¡ „π‚§√ß°“√π’È ® –µ°‡ªì π ¢ÕßºŸâ „ Àâ ‡ ™à “ ∑— π ∑’ „ π«— π ∑” — ≠ ≠“‡™à “ (®)†††„πªï†æ.».†2545†∫√‘…—∑‰¥â≈ßπ“¡„π —≠≠“‡™à“Õ“§“√»Ÿπ¬å°“√§â“‡´Áπ∑√—≈†æ≈“´“†ªîòπ‡°≈â“†°—∫†°Õß∑ÿπ√«¡∏ÿ√°‘® ‰∑¬†2†´÷Ëß‡ªìπ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π† —≠≠“‡™à“π’È¡’√–¬–‡«≈“†3†ªï† ‘Èπ ÿ¥„π‡¥◊Õπ∏—π«“§¡†æ.».†2547†µ“¡‡ß◊ËÕπ‰¢ ¢Õß — ≠ ≠“∫√‘ …— ∑ ®–µâ Õ ß®à “ ¬§à “ ‡™à “ ‡ªì π √“¬‡¥◊ Õ π†‚¥¬§à “ ‡™à “ Õ“®®–ª√— ∫ ‡æ‘Ë ¡ ¢÷È π À√◊ Õ ≈¥≈ß‰¥â µ—È ß ·µà ‡ ¥◊ Õ π¡°√“§¡ æ.».†2546†„πÕ—µ√“‰¡à‡°‘π√âÕ¬≈–†15†¢Õß§à“‡™à“‡©≈’Ë¬„πªï∑’Ëºà“π¡“† —≠≠“ “¡“√∂µàÕÕ“¬ÿµàÕ‰ª‰¥âÕ’°§√“«≈–†3†ªï ‚¥¬®–¡’ Õ “¬ÿ — ≠ ≠“√«¡‰¡à ‡ °‘ π †10†ªï † ‡æ◊Ë Õ ‡ªì π À≈— ° ª√–°— π °“√ªØ‘ ∫— µ‘ µ “¡¢â Õ °”Àπ¥„π — ≠ ≠“‡™à “ π’È † ∫√‘ …— ∑ ‰¥â ∑” —≠≠“‚Õπ ‘∑∏‘°“√‡™à“·≈–Àπâ“∑’Ë¿“¬„µâ —≠≠“‡™à“∑’Ë¥‘π´÷Ëß‡ªìπ∑’Ëµ—ÈßÀâ“ß √√æ ‘π§â“‡´Áπ∑√—≈†æ≈“´“†ªîòπ‡°≈â“†·≈– „Àâ ∫ √‘ …— ∑ †‡´Á π ∑√— ≈ ‡√’ ¬ ≈µ’È † ‡´Õ√å «‘ †®”°— ¥ †´÷Ë ß ‡ªì π ∫√‘ …— ∑ ¬à Õ ¬†®”π”ß“π√–∫∫‡æ◊Ë Õ ‡ªì π À≈— ° ª√–°— π

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31. à « π‰¥â ‡ ’ ¬ „π°‘ ® °“√√à « ¡§â “ à « π·∫à ß ¢Õß°≈ÿà ¡ ∫√‘ …— ∑ „π ‘ π ∑√— æ ¬å † Àπ’È ‘ π †√“¬‰¥â · ≈–§à “ „™â ®à “ ¬¢Õß°‘ ® °“√√à « ¡§â “ ∑’Ë √ «¡Õ¬Ÿà „ πß∫°“√‡ß‘ π √«¡ ¢Õß∫√‘…—∑†ª√–°Õ∫¥â«¬ æ— π ∫“∑ ß∫°“√‡ß‘π√«¡ 2546 2545 ‘ π ∑√— æ ¬å À ¡ÿ π ‡«’ ¬ π ‘ π ∑√— æ ¬å ‰ ¡à À ¡ÿ π ‡«’ ¬ π Àπ’È ‘ π À¡ÿ π ‡«’ ¬ π Àπ’È ‘ π ‰¡à À ¡ÿ π ‡«’ ¬ π √“¬‰¥â §à “ „™â ®à “ ¬ °”‰√°à Õ π¿“…’ ‡ ß‘ π ‰¥â ¿“…’ ‡ ß‘ π ‰¥â °”‰√ ÿ ∑ ∏‘

515,792 507,860 1,639,507 1,672,645 ( 190,968) ( 85,876) ( 1,140,397) ( 1,197,521)

( ( ( (

439,640 433,484 455,110) ( 404,412) 15,470) 29,072 16,776) ( 18,692) 32,246) 10,380

®”π«π‡©≈’Ë¬¢Õßæπ—°ß“π¢Õß°‘®°“√√à«¡§â“„πªï†æ.».†2546†¡’®”π«πæπ—°ß“π†96†§π†(æ.».†2545†:†®”π«π æπ—°ß“π 89 §π) §¥’ § «“¡¢Õß°‘ ® °“√√à « ¡§â “ „πªï † æ.».†2542†°‘ ® °“√√à « ¡§â “ ·Àà ß Àπ÷Ë ß √à « ¡¬◊Ë π ‡ πÕ¢â Õ æ‘ æ “∑µà Õ ”π— ° ß“πÕπÿ ≠ “‚µµÿ ≈ “°“√°√–∑√«ß ¬ÿµ‘∏√√¡ ‚¥¬‡√’¬°√âÕß‡ß‘π·≈–§à“‡ ’¬À“¬®“°∫√‘…—∑ Õß·Ààß„πª√–‡∑»‡π◊ËÕß®“°º‘¥ —≠≠“√—∫‡À¡“°àÕ √â“ß†‚¥¬µà“ßΩÉ“¬ µà “ ß¬◊Ë π ¢â Õ ‡√’ ¬ °√â Õ ß†°‘ ® °“√√à « ¡§â “ ‡√’ ¬ °√â Õ ß‡ß‘ π §à “ ‡ ’ ¬ À“¬‡ªì π ®”π«π‡ß‘ π ∑—È ß ‘È π †1,518†≈â “ π∫“∑†( — ¥ à « π¢Õß°≈ÿà ¡ ∫√‘ …— ∑ §‘ ¥ ‡ªì π ®”π«π‡ß‘ π †821†≈â “ π∫“∑)† à « π∫√‘ …— ∑ §Ÿà æ‘ æ “∑¥— ß °≈à “ «‡√’ ¬ °√â Õ ß„Àâ °‘ ® °“√√à « ¡§â “ √à « ¡√— ∫ º‘ ¥ ™¥„™â ‡ ß‘ π §à“‡ ’¬À“¬‡ªìπ®”π«π∑—Èß ‘Èπ†488†∫“∑†( —¥ à«π¢Õß°≈ÿà¡∫√‘…—∑§‘¥‡ªìπ®”π«π‡ß‘π 295 ≈â“π∫“∑) „π«— π ∑’Ë † 27†æƒ»®‘ ° “¬π†æ.».†2546† ”π— ° ß“πÕπÿ ≠ “‚µµÿ ≈ “°“√¡’ §”™’È ¢ “¥†„Àâ °‘ ® °“√√à « ¡§â “ ™”√–§à “ ‡ ’ ¬ À“¬ ‡ªì π ®”π«π‡ß‘ π √«¡∑—È ß ‘È π †273†≈â “ π∫“∑†‚¥¬¡’ º ≈°√–∑∫µà Õ ß∫°”‰√¢“¥∑ÿ π ®”π«π†61†≈â “ π∫“∑†( à « π¢Õß°≈ÿà ¡ ∫√‘…—∑§‘¥‡ªìπ®”π«π‡ß‘π†37†≈â“π∫“∑)†ºŸâ∫√‘À“√‰¥âµ—Èß ”√Õß§à“§«“¡‡ ’¬À“¬¥—ß°≈à“«„πß∫°“√‡ß‘π·≈â«†·µàÕ¬à“ß‰√°Áµ“¡ °≈ÿà ¡ ∫√‘ …— ∑ Õ¬Ÿà „π√–À«à“ß°“√æ‘®“√≥“‡æ◊ËÕ¥”‡π‘π°“√µ“¡°ÆÀ¡“¬„π™—Èπ»“≈µàÕ‰ª

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32. ¢â Õ¡Ÿ ≈ ‡°’Ë ¬ «°— ∫§ÿ ≥ ¿“æ¢Õß ‘ π ∑√— æ ¬å §ÿ ≥ ¿“æ¢Õß ‘ π ∑√— æ ¬å ®”·π°µ“¡ª√–‡¿∑∑’Ë °”Àπ¥‚¥¬ ”π— ° ß“π§≥–°√√¡°“√°”°— ∫ À≈— ° ∑√— æ ¬å · ≈–µ≈“¥ À≈—°∑√—æ¬å ≥ «—π∑’Ë†31†∏—π«“§¡ æ.». 2546†·≈– æ.». 2545 ¡’¥—ßπ’È ‡ß‘π≈ß∑ÿπ„πµ√“ “√∑ÿπ ß∫°“√‡ß‘π√«¡ 2546 2545 ®Ì“π«π√“¬ √“§“∑ÿπ ¡Ÿ ≈ §à “ §à “ ‡º◊Ë Õ ®Ì“π«π√“¬ √“§“∑ÿπ ¡Ÿ ≈ §à “ §à “ ‡º◊Ë Õ ‘π∑√—æ¬å ÿ∑∏‘ °“√ª√—∫¡Ÿ≈§à“ ‘π∑√—æ¬å ÿ∑∏‘ °“√ª√—∫¡Ÿ≈§à“ æ—π∫“∑ æ—π∫“∑ æ—π∫“∑ æ—π∫“∑ æ—π∫“∑ æ—π∫“∑ ∫√‘ …— ∑ ∑’Ë ¡’ ªí ≠ À“º‘ ¥ π— ¥ ™”√–¥Õ°‡∫’È ¬

3 131,647 (156,152) (131,647) 3 131,647 (156,152) (131,647)

3 131,647 (116,999) (103,911) 3 131,647 (116,999) (103,911)

¡Ÿ ≈ §à “ ‘ π ∑√— æ ¬å ÿ ∑ ∏‘ ‰ ¥â ® “°¡Ÿ ≈ §à “ ‘ π ∑√— æ ¬å ÿ ∑ ∏‘ µ “¡ — ¥ à « π°“√∂◊ Õ Àÿâ π ¢Õß°≈ÿà ¡ ∫√‘ …— ∑ ®“°ß∫°“√‡ß‘ π ∑’Ë µ √«® Õ∫ ‚¥¬ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ†≥†«—π∑’Ë†31†∏—π«“§¡†æ.».†2545†(æ.».†2545†:†®“°ß∫°“√‡ß‘π∑’Ëµ√«® Õ∫‚¥¬ºŸâ Õ∫∫—≠™’ √—∫Õπÿ≠“µ ≥ «—π∑’Ë 31 ∏—π«“§¡ æ.». 2544)

33. ‡Àµÿ ° “√≥å ¿ “¬À≈— ß «— π ∑’Ë „πß∫°“√‡ß‘π ‡¡◊Ë Õ «— π ∑’Ë † 25†°ÿ ¡ ¿“æ— π ∏å † æ.».†2547†§≥–°√√¡°“√¢Õß∫√‘ …— ∑ ‰¥â ¡’ ¡ µ‘ Õ πÿ ¡— µ‘ „ Àâ ®— ¥ √√°”‰√ ÿ ∑ ∏‘ ®”π«π 17,857,100 ∫“∑ ‡ªìπ ”√Õßµ“¡°ÆÀ¡“¬ „π«—π∑’Ë 25 °ÿ¡¿“æ—π∏å†æ.».†2547†§≥–°√√¡°“√¢Õß∫√‘…—∑‰¥âÕπÿ¡—µ‘ß∫°“√‡ß‘ππ’È

CENTRAL PATTANA PUBLIC COMPANY LIMITED AND SUBSIDIARIES FINANCIAL STATEMENTS AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2003 AND 2002 AND REPORT OF CERTIFIED PUBLIC ACCOUNTANT EXPRESSED IN Thai Baht

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AUDITOR'S REPORT

To the Shareholders of Central Pattana Public Company Limited I†have†audited†the†accompanying†consolidated†and†company†balance†sheets†as†at†31†December 2003†and†2002†and†the†related†consolidated†and†company†statements†of†income,†changes†in†shareholders' equity,†and†cash†flows†for†the†years†then†ended†of†Central†Pattana†Public†Company†Limited†and†its subsidiaries†and†of†Central†Pattana†Public†Company†Limited,†respectively.†These†financial†statements are†the†responsibility†of†the†Company's†management.†My†responsibility†is†to†express†an†opinion†on†these financial†statements†based†on†my†audits. I†conducted†my†audits†in†accordance†with†generally†accepted†auditing†standards.†Those standards†require†that†I†plan†and†perform†the†audits†to†obtain†reasonable†assurance†about†whether the†financial†statements†are†free†of†material†misstatement.†An†audit†includes†examining,†on†a†test basis,†evidence†supporting†the†amounts†and†disclosures†in†the†financial†statements.†An†audit also†includes†assessing†the†accounting†principles†used†and†significant†estimates†made†by†management, as†well†as†evaluating†the†overall†financial†statement†presentation.†I†believe†that†my†audits†provide a reasonable basis for my opinion. In†my†opinion,†the†consolidated†and†company†financial†statements†referred†to†above†present fairly,†in†all†material†respects,†the†consolidated†and†company†financial†position†as†at†31†December†2003 and†2002†and†the†consolidated†and†company†results†of†operations†and†cash†flows†for†the†years†then ended†of†Central†Pattana†Public†Company†Limited†and†its†subsidiaries†and†of†Central†Pattana†Public Company†Limited,†respectively†in†accordance†with†generally accepted accounting principles.

BOONMEE NGOTNGAMWONG Certified Public Accountant (Thailand) No. 3673 PricewaterhouseCoopers ABAS Limited Bangkok 25 February 2004

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Central Pattana Public Company Limited

Balance Sheets As at 31 December 2003 and 2002

Baht Consolidated 2003 2002

Company 2003

2002

Notes

ASSETS Current Assets Cash and cash equivalents Short-term investments Trade accounts receivable,net Loans to related parties Other current assets Total Current Assets

3 4 5 27 6

1,816,542,474 462,900,581 105,781,692 16,193,666 420,971,920 2,822,390,333

1,128,069,801 145,083,415 114,096,628 13,092,816 358,677,242 1,759,019,902

296,898,204 102,279,589 52,009,719 189,199,624 112,965,898 753,353,034

618,863,978 990,000 50,959,566 1,212,492,275 148,407,508 2,031,713,327

Non-Current Assets Loans to related parties Investments in subsidiaries and joint venture Other general investments - related parties - others Deferred tax assets Property and equipment, net Other assets Total Non-Current Assets

Total Assets

2,018,488,328

3,531,561,470

7,826,126,893

6,772,682,952

22,131,838 254,453,841 20,342,164,655 108,732,048 20,727,482,382

27,736,064 22,791,887 163,693,275 19,331,913,236 67,965,416 19,614,099,878

1,000,000 149,630,266 2,742,083,387 63,916,088 12,801,244,962

1,000,000 136,772,190 2,875,575,752 68,001,661 13,385,594,025

23,549,872,715

21,373,119,780

13,554,597,996

15,417,307,352

8 9 10 11 12

The†notes†to†the†consolidated†and†company†financial†statements form†an†integral†part†of†these†financial†statements.

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Central Pattana Public Company Limited

Balance Sheets As at 31 December 2003 and 2002

Baht Consolidated 2003 2002

Company 2003

2002

Notes LIABILITIES AND SHAREHOLDERSû EQUITY

Current Liabilities Bank overdrafts and loans from financial institutions Trade accounts payable Loans from related parties Current portion of long-term borrowings Income tax payable Contractor payable Other current liabilities Total Current Liabilities

27 13

11,174,174 1,105,865 2,740,265

10,411,346 457,188 1,294,155

2,579,169 704,531,608

2,187,300 1,222,103,147

1,033,469,200 186,915,924 141,366,846 2,269,082,448 3,645,854,722

4,085,495,155 127,814,204 752,817,722 2,160,531,025 7,138,820,795

611,590,000 157,221,339 4,139,684 250,879,530 1,730,941,330

3,495,135,587 106,843,243 6,831,502 328,467,706 5,161,568,485

6,961,609,123

43,300,000 3,453,066,060

1,346,515,849 846,150,769

1,532,735,849 810,692,943

3,531,772,007 1,408,120,987 46,894,659 11,948,396,776 15,594,251,498

3,310,665,685 1,197,063,627 191,487,512 8,195,582,884 15,334,403,679

1,349,997,397 681,087,186 4,313,843 4,228,065,044 5,959,006,374

1,490,622,648 619,923,713 4,313,843 4,458,288,996 9,619,857,481

Non-Current Liabilities Long-term loans from related parties 27 Long-term borrowings 13 Unearned rental and service income Deposits received from customers Guarantees for leasehold right Total Non-Current Liabilities

Total Liabilities

The†notes†to†the†consolidated†and†company†financial†statements form†an†integral†part†of†these†financial†statements.

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201

Central Pattana Public Company Limited

Balance Sheets As at 31 December 2003 and 2002

Baht Consolidated 2003 2002

Company 2003

2002

Notes

LIABILITIES AND SHAREHOLDERSû EQUITY (Contûd) Shareholdersû Equity Share capital Authorised share capital Issued and paid-up share capital

2,178,816,000

2,000,245,000

2,178,816,000

2,000,245,000

2,178,816,000

2,000,245,000

2,178,816,000

2,000,245,000

Premium on share capital 15 Negative goodwill 2.9 Unrealised gain (loss) on investment in available-for-sale securities 4 Retained earnings Appropriated-legal reserve 16 Unappropriated

2,007,565,850 112,594,465

1,186,139,250 112,594,465

2,007,565,850 112,594,465

1,186,139,250 112,594,465

1,254,233

(35,356)

1,254,233

(35,356)

200,024,500 3,095,336,574

121,000,000 2,377,506,512

200,024,500 3,095,336,574

121,000,000 2,377,506,512

Total Parent's Shareholdersû Equity

7,595,591,622

5,797,449,871

7,595,591,622

5,797,449,871

360,029,595

241,266,230

Total Shareholdersû Equity

7,955,621,217

6,038,716,101

7,595,591,622

5,797,449,871

Total Liabilities and Shareholders' Equity

23,549,872,715

21,373,119,780

13,554,597,996 15,417,307,352

Minority interest

The†notes†to†the†consolidated†and†company†financial†statements form†an†integral†part†of†these†financial†statements.

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202

Central Pattana Public Company Limited

Statement of Income For the Years†ended 31 December 2003 and 2002

Baht Consolidated 2003 2002

Company 2003

2002

Notes

Revenues Rental and service income Food and beverage sales Cost of rental and service Cost of food and beverage sales

4,839,687,434 341,520,501 (2,563,331,276) (255,788,454) 2,362,088,205 (802,780,098) 1,559,308,107

3,360,565,832 249,493,053 (1,532,221,484) ( 188,155,474) 1,889,681,927 ( 620,067,917) 1,269,614,010

2,009,269,706 ( 715,933,865) 1,293,335,841 ( 402,598,977) 890,736,864

1,863,952,251 ( 633,247,831) 1,230,704,420 ( 414,548,895) 816,155,525

33,486,390 325,328,148 ( 1,807,088) 1,916,315,557

82,557,012 163,342,922 ( 97,853,114) ( 1,387,000) 1,416,273,830

46,935,150 279,751,013 ( 1,807,088) 1,215,615,939

79,971,308 135,248,210 ( 64,177,119) ( 1,387,000) 965,810,924

18 20

1,916,315,557 ( 400,249,837) ( 321,505,808) 1,194,559,912

1,416,273,830 ( 282,838,968) ( 254,382,791) 879,052,071

551,631,198 1,767,247,137 ( 248,864,767) ( 321,505,808) 1,196,876,562

453,382,579 1,419,193,503 ( 216,952,156) ( 254,382,791) 947,858,556

2,316,650 1,196,876,562 1,196,876,562

( 28,709,384) 850,342,687 97,515,869 947,858,556

1,196,876,562 1,196,876,562

947,858,556 947,858,556

Gross profit Administrative expenses

Profit from rental, sales and service Interest income Other income VAT and other tax expenses Directors' remuneration

17 19

Operating profit

Share of profit of investment in subsidiaries and joint venture - equity method

Profit before interest and tax Interest expense Income tax

Profit after tax Share of (profit) loss in subsidiaries attributed to minority interests

Profit from ordinary activities Extraordinary item, net

Net profit for the year Basic earnings per share (Baht) 22 Profit before extraordinary item Extraordinary item, net Net profit for the year

2.99 2.99

(Restated) 2.31 0.26 2.57

2.99 2.99

(Restated) 2.57 2.57

Diluted earnings per share (Baht) 22 Net profit for the year

2.87

The†notes†to†the†consolidated†and†company†financial†statements form†an†integral†part†of†these†financial†statements.

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203

Central Pattana Public Company Limited

Statement†of†Change†in†Shareholders'†Equity For the Years†ended†31†December 2003†and†2002

Issued and Share paid up Premium share capital

Begining Balance 2003

2,000,245,000 1,186,139,250 112,594,465

Change in fair value Legal reserve (Note 16) Net profit for the year Dividend (Note 23) Preferred share (Note 15) 178,571,000 821,426,600 Increase in capital -

Ending balance 31 December 2003 Beginning balance 2002

Baht Consolidated Unrealised gain (loss) of Negative investment Legal Unappropriated Minority Goodwill in available for reserve retained Interest sale securities earning

Total

(35,356) 121,000,000 2,377,506,512 241,266,230 6,038,716,101 1,289,589 -

79,024,500 (79,024,500) - 1,196,876,562 (2,316,650) - (400,022,000) 121,080,015

1,289,589 1,194,559,912 (400,022,000) 999,997,600 121,080,015

2,178,816,000 2,007,565,850 112,594,465

1,254,233 200,024,500 3,095,336,574 360,029,595 7,955,621,217

1,000,122,500 1,186,139,250 112,594,465

(1,467,578) 121,000,000 1,704,681,643 106,539,768 4,229,610,048

Change in fair vaule Net profits fot the year Dividend (Note 23) Common share (Note 15) 1,000,122,500 Acquisition -

Ending balance 31 December 2002 2,000,245,000 1,186,139,250 112,594,465

1,432,222 -

947,858,556 28,709,384 - (275,033,687) 106,017,078

1,432,222 976,567,940 (275,033,687) 1,000,122,500 106,017,078

(35,356) 121,000,000 2,377,506,512 241,266,230 6,038,716,101

The†notes†to†the†consolidated†and†company†financial†statements form†an†integral†part†of†these†financial†statements.

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204

Central Pattana Public Company Limited

Statement†of†Change†in†Shareholders'†Equity For the Years ended†31†December 2003†and†2002 Baht

Issued and Share paid up Premium share capital

Beginning balance 2003

Company Unrealised gain (loss) of investment in Legal Unappropriated Total Negative available for reserve retained goodwill sale securities earnings

Change in fair vaule Legal reserve (Note 16) Net profit for the year Dividend (Note 23) Perferred shares (Note 15)

2,000,245,000 1,186,139,250 112,594,465 178,571,000 821,426,600 -

(35,356) 121,000,000 1,289,589 79,024,500 -

Ending balance 31 December 2003

2,178,816,000 2,007,565,850 112,594,465

1,254,233 200,024,500 3,095,336,574 7,595,591,622

Beginning balance 2002

2,377,506,512 (79,024,500) 1,196,876,562 (400,022,000) -

Change in fair value Net profit fr the year Dividend (Note 23) Commin shares (Note 15)

1,000,122,500 1,186,139,250 112,594,465 (1,467,578) 121,000,000 1,704,681,643 1,432,222 947,858,556 (275,033,687) 1,000,122,500 -

Ending balance 31 December 2002

2,000,245,000 1,186,139,250 112,594,465

5,797,449,871 1,289,589 1,196,876,562 (400,022,000) 999,997,600

4,123,070,280 1,432,222 947,858,556 (275,033,687) 1,000,122,500

(35,356) 121,000,000 2,377,506,512 5,797,449,871

The†notes†to†the†consolidated†and†company†financial†statements form†an†integral†part†of†these†financial†statements.

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205

Central Pattana Public Company Limited

Statement of Cash†Flows For the Years ended 31 December 2003 and 2002

Baht Consolidated 2003 2002 Notes Cash flows from operating activities Cash generated from operations 24 Less :Cash paid Interest expense Income tax Net cash from operating activites

Company 2003

2002

3,163,988,567

2,426,924,032

1,317,563,554

1,195,201,632

( 476,496,406) ( 353,164,653) 2,334,327,508

( 233,592,862) ( 211,978,300) 1,981,352,870

( 290,669,150) ( 248,623,028) 778,271,376

( 252,992,499) ( 166,050,106) 776,159,027

94,071,598

1,648,825,226

( 432,400,000) ( 4,901,758)

(1,647,366,854) ( 10,000,000)

( 100,000,000) ( 754,366,854) (1,225,288,220) (4,647,983,194)

(2,508,281,314)

(6,167,314,157)

( 47,523,737)

( 13,039,771)

Cash flows from investing activities Disposals of short-term investments Purchases of short-term 4 investments Loans to related parties Purchases of property 11 and equipment Additional paid-up capital of subisidaries 7 Purchase of other long term investment Loans repayments received from related parties Disposal of investment in related companies Decrease of investment 7 in property fund Dividend received 7 Net cash from (used in) investing activities

1,800,908 -

802,805,913

( 53,625,824)

(1,230,423,742) (1,773,264,179) -

5,487,880

3,761,653,766

25,650,000

823,193,565 -

134,498,709 558,749,775

75,813,344 254,600,132

(2,849,710,566)

(6,157,757,676)

1,851,666,551

(5,272,827,097)

The†notes†to†the†consolidated†and†company†financial†statements form†an†integral†part†of†these†financial†statements.

PAGE

206

Central Pattana Public Company Limited

Statement of Cash†Flows For the Years ended 31 December 2003 and 2002

Baht Consolidated 2003 2002

Company 2003

2002

4,982,566

1,419,835,358

1,281,480,000

6,063,195)

(2,123,626,898) ( 412,848,633)

Notes

Cash flows from financing activities Proceeds from loans from related companies Repayments on loans from related parties Proceeds from borrowings from financial institutions Payments on borrowings from financial institutions Proceeds from capital increase 15 Proceeds from investment from minority interest Dividends paid to the shareholders

1,720,747 ( 43,574,638)

(

1,865,000,000

4,075,000,000

570,000,000

3,675,000,000

(1,340,345,993) 999,997,600

(1,635,589,887) 1,000,122,500

(3,418,087,761) 999,997,600

(1,474,038,766) 1,000,122,500

121,080,015 (400,022,000)

102,510,805 (275,033,688)

(400,022,000)

(275,033,688)

Net cash receipts from (used in) financing activities

1,203,855,731

3,265,929,101

(2,951,903,701)

3,794,681,413

Net increase (decrease) in cash and cash equivalents Beginning balance Ending balance

688,472,673 1,128,069,801 1,816,542,474

(910,475,705) 2,038,545,506 1,128,069,801

(321,965,774) 618,863,978 296,898,204

(701,986,657) 1,320,850,635 618,863,978

611,450,876

1,952,817,722

2,691,818

6,831,502

Non cash transactions Investing activities Purchases of property and equipment by credit

The†notes†to†the†consolidated†and†company†financial†statements form†an†integral†part†of†these†financial†statements.

PAGE

207

Central Pattana Public Company Limited

Notes†to†the†Consolidated†and†Company†Financial Statements For the Years ended†31†December 2003†and†2002

1. General information Central†Pattana†Public†Company†Limited†(the†Company)†is†a†public†limited†company,†which is incorporated and domiciled in Thailand. The address of its registered office is as follows: 1693 Phaholyothin Road, Lardyao, Chatuchak, Bangkok 10900. The Company is listed on the Stock Exchange of Thailand. The†principal†business†operations†of†the†Company†and†its†subsidiaries†(the†Group)†are summarised†as follows: (1) Construction of shopping center buildings, office buildings, condominiums and shophouses for rent; (2) Provision of utility services in shopping centers; (3) Sales of food and beverage in shopping centers; (4) Operator of water theme park and play land in shopping centers; and (5) Investment in real estate. As at 31 December 2003, the Group employed 1,503 persons (2002 : 1,127 persons).

2. Significant accounting policies The principal accounting policies adopted in the preparation of these consolidated and company financial statements are set out below: 2.1 Basis of preparation The†consolidated†and†company†financial†statements†have†been†prepared†in†accordance with†Thai†Generally†Accepted†Accounting†Principles†under†the†Accounting†Act,†B.E.†2543,†being those†Thai†Accounting†Standards†issued†by†the†Institute†of†Certified†Accountants†and†Auditors of†Thailand†and†approved†under†law†by†the†Board†of†Supervision†of†Auditing†Practices†appointed by†the†Minister†of†Commerce†under†the†Auditor†Act,†B.E.†2505,†and†the†financial†reporting requirements of the Securities and Exchange Commission. The†consolidated†and†company†financial†statements†have†been†prepared†under†the†historical cost†convention†except†for†certain†investments†which†are†fair†valued†as†disclosed†in†the†accounting policies below. For†the†convenience†of†the†user,†an†English†translation†of†the†consolidated†and†company financial†statements†has†been†prepared†from†the†statutory†financial†statements†that†are†issued in†the Thai language.

PAGE

208

2.2 Consolidation a) Subsidiary undertaking Subsidiary†undertakings,†which†are†those†companies†in†which†the†Group†has†power†to exercise†control†over†the†financial†and†operating†policies,†have†been†consolidated.†Subsidiaries are†consolidated†from†the†date†on†which†effective†control†is†transferred†to†the†Group†and†are no†longer†consolidated†from†the†date†that†control†ceases.†All†intercompany†transactions, balances†and†unrealised†gains†on†transactions†between†group†companies†have†been†eliminated; unrealised†losses†are†also†eliminated†unless†the†losses†cannot†be†recovered.†Where†necessary, accounting†policies†for†subsidiaries†have†been†changed†to†ensure†consistency†with†the†policies adopted†by†the†Group.†Separate†disclosure†is†made†for†minority†interests†in†the†consolidated balance sheets and consolidated income statements. Investments†in†subsidiary†undertakings†are†accounted†for†in†the†company†financial†statements by†the†equity†method†of†accounting.†Provisions†are†recorded†for†impairment†in†value.†Equity accounting†involves†recognising†in†the†income†statement†the†Company's†share†of†the†subsidiaries' profit†or†loss†for†the†year.†The†Company's†interest†in†the†subsidiary†is†carried†in†the†balance sheet†at†an†amount†that†reflects†its†share†of†the†net†assets†of†the†subsidiary†and†includes negative goodwill on the acquisition. A list of the group's principal subsidiaries is shown in Note 28. b) Interests in joint venture The†Group's†interest†in†a†jointly†controlled†entity†is†accounted†for†by†proportionate†consolidation. Under†this†method†the†Group†includes†its†share†of†the†joint†venture's†individual†income†and†expenses, assets and†liabilities and cash flows in the relevant components of the financial statements. The†interest†in†a†jointly†controlled†entity†is†accounted†for†in†the†Company†financial†statements by the equity method of accounting. 2.3 Cash and cash equivalents Cash†and†cash†equivalents†are†carried†in†the†balance†sheet†at†cost.†Cash†and†cash†equivalents comprise†cash†on†hand†and†at†banks†and†deposits†with†financial†institutions†with†original†maturity of 3 months or less and short-term highly liquid investments.

PAGE

209

2.4 Trade receivables Trade†receivables†are†carried†at†original†invoice†amount†less†an†estimate†made†for†doubtful receivables†based†on†a†review†of†all†outstanding†amount†at†the†year†end.†The†estimate†encompasses consideration†of†past†collection†experience,†customers'†deposits†and†other†factors†such†as†local economic conditions. Bad debts are written off during the year in which they are identified. Concentrations†of†credit†risk†with†respect†to†trade†receivables†are†limited†due†to†the†Group's large†number†of†customers,†and†a†variety†of†end†markets.†Due†to†these†factors,†management believes that†no†additional†credit†risk†beyond†the†amounts†provided†for†collection†losses†is†inherent in the Group's trade receivable. 2.5 Troubled debt restructuring, where the group company is the debtor Where†the†debt†restructuring†involves†modification†of†terms†of†payables,†the†group†accounts for the effects of the restructuring prospectively†from†the†time†of†restructuring†and†does†not†change the†carrying†amount†of†the†payable†at†the†time†of†the†restructuring†unless†the†carrying†amount exceeds†the†total†undiscounted†future†cash†payment†specified†by†the†new†terms.†If†it†does†exceed the†total†undiscounted†future†cash†payment,†the†carrying†amount†of†the†payable†is†reduced†to†the amount†equal†to†the†total†undiscounted†future†cash†payments†specified†by†the†new†terms†and†a gain on restructuring is recognised in the statement of income. 2.6 Investments The†Group†classifies†investments†into†the†following†categories:†trading,†held-to-maturity and†available-for-sale.†Investments†that†are†acquired†principally†for†the†purpose†of†generating a†profit†from†short-term†fluctuations†in†price†are†classified†as†trading†investments†and†included in†current†assets†(the†group†does†not†hold†this†category†of†investment†during†this†year).†Investments with†fixed†maturity†that†the†management†has†the†intent†and†ability†to†hold†to†maturity†are†classified as†held-to-maturity†and†are†included†in†non-current†assets.†Investments†intended†to†be†held†for an†indefinite†period†of†time,†which†may†be†sold†in†response†to†liquidity†needs†or†changes†in†interest rates,†are†classified†as†available-for-sale;†these†are†included†in†non-current†assets†unless†management has†expressed†the†intention†of†holding†the†investment†for†less†than†12†months†from†the†balance sheet†date†or†unless†they†will†need†to†be†sold†to†raise†operating†capital,†in†which†case†they†are included†in†current†assets.†Management†determines†the†appropriate†classification†of†its†investments at†the†time†of†the†purchase†and†re-evaluates such designation on a regular basis.

PAGE

210

The†available-for-sale†investments,†comprising†marketable†debts†and†equity†securities,†are fair†valued†annually†at†the†close†of†business†on†31†December.†For†investments†traded†in†an†active market,†fair†value†is†determined†by†reference†to†bid†price†in†the†Stock†Exchange†of†Thailand†and the Thai Bond Dealing Center. Investments†in†non-marketable†equity†securities†are†classified†as†general†investments†and are carried at cost less impairment. A†test†for†impairment†is†carried†out†when†there†is†a†factor†indicating†that†an†investment might†be†impaired.†If†the†carrying†value†of†the†investment†is†higher†than†its†recoverable†amount, impairment†loss is charged to the statement of income. On†disposal†of†an†investment,†the†difference†between†the†net†disposal†proceeds†and†the carrying amount is charged or credited to the statement of income. When†disposing†of†part†of†the†group's†holding†of†a†particular†investment†in†debt†or†equity securities,†the†carrying†amount†of†the†disposed†part†is†determined†by†the†weighted†average of the total holding of the investment. 2.7 Property and equipment Property†and†equipment†comprise†leasehold†rights,†land,†assets†for†lease†and†operating furniture,†fixtures†and†equipment.†Land†is†recorded†at†cost.†All†other†property†and†equipment is†stated†at†historical†cost†less†depreciation.†The†accounting†policy†for†leasehold†rights†is disclosed in detail in the accounting policy of long-term leases. Depreciation†is†calculated†on†the†straight-line†basis†to†write†off†the†cost†of†each†asset†except for†land,†as†it†is†deemed†to†have†an†indefinite†life,†to†their†residual†values†over†their†estimated useful life or over the period of lease. Leasehold rights to land and building 30 years Leasehold rights to land 25-30 years (over the period of lease) Buildings and improvements 25-30 years Furniture, fixtures and equipment 5-15 years Motor vehicles 5 years Where†the†carrying†amount†of†an†asset†is†greater†than†its†estimated†recoverable†amount, it†is†written†down†immediately†to†its†recoverable†amount.†Estimated†recoverable†amount†is the†higher†of†the†anticipated†discounted†cash†flows†from†the†continuing†use†of†the†asset†and the amount obtainable from the sale of the asset less any costs of disposal. Gains†and†losses†on†disposal†of†property†and†equipment†are†determined†by†reference†to their carrying amount and are taken into account in determining operating profit.

PAGE

211

Borrowing†costs†to†finance†the†construction†of†property†and†equipment†are†capitalised†as part†of†cost†of†the†asset†during†the†period†of†time†that†is†required†to†complete†and†prepare the†property†for†its†intended†use.†The†borrowing†costs†include†interest†on†short-term†and long-term†borrowings.†Capitalisation†of†borrowing†costs†will†be†suspended†during†extended periods†in†which†active†development†is†interrupted. The†capitalisation†rate†used†to†determine†the†amount†of†borrowing†costs†to†be†capitalised is†the†weighted†average†interest†rate†applicable†to†the†Group's†outstanding†short-term†and long-term†borrowings†during†the†year.†Where†funds†are†borrowed†specifically†for†the†acquisition, construction†or†production†of†property†and†equipment,†the†amount†of†borrowing†costs†eligible for†capitalisation†on†that†asset†is†determined†as†the†actual†borrowing†costs†incurred†on that†borrowing†during†the†period†less†any†investment†income†on†the†temporary†investment†of those borrowings. Expenditures†for†addition,†renewal†and†betterment,†which†result†in†a†substantial†increase†in an†asset's†current†replacement†value,†are†capitalised.†Repair†and†maintenance†costs†are†recognised as an expense when incurred. 2.8 Accounting for long-term leases Where a group company is the lessee Leases†of†property†or†equipment†which†substantially†transfer†all†the†risks†and†rewards†of ownership†to†the†lessees†are†classified†as†finance†leases.†Finance†leases†are†capitalised†at the†inception†of†the†lease†at†the†lower†of†the†fair†value†of†the†leased†property†or†the†present value†of†the†minimum†lease†payments.†Each†lease†payment†is†allocated†to†the†principal†and†to the†finance†charges†so†as†to†achieve†a†constant†rate†on†the†finance†balance†outstanding. The†outstanding†rental†obligations,†net†of†finance†charges,†are†included†in†other†long-term†payables. The†interest†element†of†the†finance†cost†is†charged†to†the†statement†of†income†over†the†lease period.†The†property†or†equipment†acquired†under†finance†leases†is†depreciated†over†the†useful life of the asset. Leases†not†tansferring†a†significant†portion†of†the†risks†and†rewards†of†ownership†to†the†lessee are†classified†as†operating†leases.†Payments†made†under†operating†leases†are†charged†to†the statement†of†income†on†a†straight-line†basis†over†the†period†of†the†lease.†For†long-term†leases where†the†group†does†not†occupy†the†entire†areas†at†the†lease†inception†date,†lease†expenses are†charged†to†the†statement†of†income†on†a†systematic†basis†over†the†period†of†the†lease in proportion to the area that group occupies in each year.

PAGE

212

When†an†operating†lease†is†terminated†before†the†lease†period†has†expired,†any†payment required†to†be†made†to†the†lessor†by†way†of†penalty†is†recognised†as†an†expense†in†the†period in which termination takes place. Where a group company is the lessor Operating leases Assets†leased†out†under†operating†leases†are†included†in†property†and†equipment†in†the balance†sheet.†They†are†depreciated†over†their†expected†useful†lives†on†a†basis†consistent with†other†similar†property†and†equipment†owned†by†the†group.†Rental†income†is†recognised on a straight-line basis over the lease term.

2.9 Intangible assets Negative goodwill Negative†goodwill†represents†the†excess†of†the†fair†value†of†the†Group's†share†of†net†asset acquired over the cost of the acquisition. Negative†goodwill†occurring†on†acquisitions†of†subsidiaries†after†1†January†2000,†the†effective date†of†Thai†Accounting†Standard†No.†43†-†Business†Combinations†is†classified†under†assets and†is†presented†as†a†deduction†from†other†assets†in the†balance†sheet.†As†this†negative goodwill†does†not†relate†to†future†losses†or†expenses,†this†negative†goodwill,†not†exceeding the†fair†values†of†the†non-monetary†assets†acquired,†is†recognised†in†the†income†statement†on a†straight-line†method†over†the†remaining†weighted†average†useful†life†of†the†depreciable†assets. Negative†goodwill†occurring†on†acquisitions†of†subsidiaries†before†1†January†2000†represents the†excess†of†fair†value†of†land†over†the†cost†of†acquisition and†is†presented†under†shareholders' equity†in†the†balance†sheet.†This†is†negative†goodwill†which†occurred†before†the†effective†date of†Thai†Accounting†Standard†No.†43†-†Business†Combinations.†The†Group†chose†not†to†restate the financial statements on adoption of Thai Accounting Standard No. 43. The†carrying†amount†of†goodwill†is†reviewed†annually.†Where†an†indication†of†impairment exists,†the†carrying†amount†of†goodwill†is†assessed†and†written†down†immediately†to†its†recoverable amount. 2.10 Borrowing Borrowings†are†recognised†initially†at†the†amount†equivalent†to†proceeds†received,†net†of transaction†costs†incurred.†In†subsequent†periods,†borrowings†are†stated†at†amortised†cost†using the†effective†yield†method.†Any†difference†between†proceeds†and†the†redemption†value†is†recognised in the income statement over the period of the borrowings.

PAGE

213

2.11 Deferred income taxes Deferred†income†tax†is†provided†in†full,†using†the†liability†method,†on†temporary†differences arising†from†differences†between†the†tax†base†of†assets†and†liabilities†and†their†carrying†amounts in†the†financial†statements.†The†principal†temporary†differences†of†the†Group†arise†from†allowances for impairment in value of assets, allowances for doubtful accounts, and other provisions. Tax rates enacted at the balance sheet date are used to determine deferred income tax. Deferred†tax†assets†are†recognized†to†the†extent†that†it†is†probable†that†future†taxable profit will be available against which the temporary differences can be utilized. 2.12 Revenue recognition Rental†income†is†recognised†as†income†over†the†lease†period†(Note†2.8).†Service†income†is recognised†as†services†are†rendered.†Unearned†rental†and†service†income†are†recognised†using the straight-line method over the period of lease. Revenue from foods and beverage sales is recognised upon delivery of goods to customers. Other revenues earned by the Group are recognised on the following basis: Interest income - as it accrues unless collectibility is in doubt. Dividend income - when the shareholder's right to receive payment is established. In the consolidated financial statements, inter-group sales are eliminated. 2.13 Financial instruments Financial†assets†carried†on†the†balance†sheet†include†cash†and†cash†equivalents,†investments and†receivables.†Financial†liabilities†carried†on†the†balance†sheet†include†trade†creditors,†leases†and borrowings.†The†particular†recognition†methods†adopted†are†disclosed†in†the†individual†policy statements associated with each item. The†Company†has†entered†into†an†interest†rate†swap†contract†to†protect†it†from†risks†incurring from†movements†in†interest†rates.†The†difference†in†the†amount†to†be†received†or†paid†under†the interest†rate†swap†contract†is†recorded†as†interest†expense†over†the†contract†period.†Profit†and†loss from†termination†of†the†contract†or†loan†repayment†before†maturity†(if†any)†is†recorded†in†income statement (There have been no terminations of contracts this year). Disclosures†about†financial†instruments†to†which†the†group†is†a†party†to†are†provided†in†Note†26.

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214

2.14 Provident fund The†Group†established†a†provident†fund†scheme†under†the†Provident†Fund†Act†B.E.†2530.†The fund†was†registered†in†1998.†The†assets†in†the†trust†fund†are†separated†from†the†assets†of†the Group†and†are†managed† by†an†approved†fund†manager.†The†provident†fund†is†funded†by†payments from†employees†and†by†the†Group†companies.†Contributions†to†the†provident†fund†are†charged†to the statement of income in the year to which they relate (Note 19). 2.15 Related companies Enterprises†and†individuals†that†directly†or†indirectly,†through†one†or†more†intermediaries, control,†or†are†controlled†by,†or†are†under†common†control†with,†the†Company,†including†holding companies,†subsidiaries†and†fellow†subsidiaries†are†related†parties†of†the†Company.†Associates and†individuals†owning,†directly†or†indirectly,†an†interest†in†the†voting†power†of†the†Company†that gives†them†significant†influence†over†the†enterprise,†key†management†personnel,†including†directors and†officers†of†the†Company†and†close†members†of†the†family†of†these†individuals†and†companies associated with these individuals also constitute related parties. In†considering†each†possible†related†party†relationship,†attention†is†directed†to†the†substance of the relationship, and not merely the legal form. 2.16 Use of estimates The†preparation†of†financial†statements†in†conformity†with†Thai†generally†accepted†accounting principles†requires†management†to†make†estimates†and†assumptions†that†affect†the†reported amounts†of†assets†and†liabilities,†the†disclosure†of†contingent†assets†and†liabilities†at†the†date of†the†financial†statements†and†the†amounts†of†revenues†and†expenses†in†the†reported†periods. Actual results may differ from those estimates.

PAGE

215

3. Cash and cash equivalents Baht'000 Consolidated 2003 2002 Cash Deposits at call with banks Fixed bank deposits and promissory notes with financial institutions maturing in less than or equal to 3 months

Company 2003

2002

5,190 1,730,854

5,143 894,902

729 296,104

859 617,941

80,498 1,816,542

228,025 1,128,070

65 296,898

64 618,864

The†weighted†average†interest†rate†of†deposits†at†call†with†banks†and†promissory†notes†with financial institutions is 0.99% per annum (2002 : 1.65% per annum).

4. Short-term investments

Baht'000 Consolidated 2003 2002

Company 2003

2002

General investments Fixed bank deposits Total general investments

13,470 13,470

28,293 28,293

Securities: available-for-sale Debt securities Equity security Less : Fair value gains/(losses) Securities available-for-sale, net Total short-term investments

447,150 1,025 1,255 ( 449,430 462,900

115,800 1,025 35) 116,790 145,083

100,000 1,025 1,255 ( 102,280 102,280

1,025 35) 990 990

PAGE

216

The†average†interest†rate†of†fixed†deposits†with†banks†and†financial†institutions†is†1.13% per†annum†(2002†:†1.88%†per†annum).†Fixed†deposits†amounting†to†Baht†9.6†million†were†pledged with commercial banks for letters of guarantee issued by the banks on†behalf†of†the†Group. The movements of available-for-sale securities during the year are as follows:

Baht'000 Consolidated 2003 2002 Available-for-sale securities Opening net book amount Additions Disposals Fair values gains/(losses) Closing net book amount

116,790 432,400 ( 101,050) ( 1,290 449,430

Company 2003

2,400 115,800 4,061) 2,651 116,790

2002

990 100,000 ( 1,290 102,280

2,400 4,061) 2,651 990

5. Trade accounts receivable, net Baht'000 Consolidated 2003 2002 Gross trade accounts receivable - Related companies (Note 27 (f) ) - Others (third parties) Less Allowance for doubtful accounts (

12,645 100,628 7,491) (

15,178 104,357 5,438)

Trade accounts receivable, net

105,782

114,097

Company 2003

(

2002

26,109 26,158 257) (

24,758 26,721 519)

52,010

50,960

PAGE

217

The†Group†has†no†concentrations†of†credit†risk†due†to†the†Group†has†a†large†number†of†tenants in†various†businesses.†The†Group's†management†is†of†opinion†that†the†Group†does†not†have†credit risk†other†than†that†provided†in†the†allowance†for†doubtful†accounts†as†presented†in†the†financial statements.†The†estimate†for†allowance†for†doubtful†accounts†encompasses†consideration†of†past collection experiences, customers' deposits and other factors such as the†local†economic†conditions. Outstanding†trade†accounts†receivable†as†at†31†December can be aged as follows: Baht'000 Consolidated 2003 Related Third Total Companies parties Within 3 months 3 - 6 months 6 - 12 months Over 12 months Less Allowance for doubtful accounts Deposits from customers

Consolidated 2002 Related Third Total Companies parties

6,268 73,314 79,582 5,069 17,342 22,411 220 7,333 7,553 1,088 2,639 3,727 12,645 100,628 113,273

10,289 90,061 100,350 2,456 6,406 8,862 1,200 1,568 2,768 1,233 6,322 7,555 15,178 104,357 119,535

( 7,491) ( 7,491) 12,645 93,137 105,782 21,470 117,756 139,226

( 5,438) ( 5,438) 15,178 98,919 114,097 20,557 124,824 145,381

Baht'000 Company 2003 Related Third Total Companies parties Within 3 months 3 - 6 months 6 - 12 months Over 12 months Less Allowance for doubtful accounts Deposits from customers

22,456 3,140 186 327 26,109

22,155 3,121 416 466 26,158

Company 2002 Related Third Total Companies parties

44,611 6,261 602 793 52,267

20,512 2,356 1,346 544 24,758

22,809 1,223 705 1,984 26,721

43,321 3,579 2,051 2,528 51,479

( 257) ( 257) 26,109 25,901 52,010 20,812 82,922 103,734

24,758 19,610

( 519) ( 519) 26,202 50,960 89,307 108,917

PAGE

218

6. Other current assets Baht'000 Consolidated 2003 2002 Accrued income Other accounts receivable Advance payments Prepaid expenses Inventories Accrued interest income Advances to contractors

Company 2003

2002

210,530 160,026 22,054 21,234 2,800 2,198 2,130

120,208 191,220 2,552 20,983 2,461 5,390 15,863

95,935 3,639 284 13,018 8 82 -

75,203 58,741 507 12,141 8 1,808 -

420,972

358,677

112,966

148,408

7. Investments in subsidiaries and joint ventures Movements of investments in subsidiaries and joint ventures can be summarised as follows: Baht'000 Company 2003 Opening net book amount Share of results before tax Share of tax in subsidiaries (Note 20) Share of results after tax Investment in subsidiaries Increase in share capital in subsidiary Disposals and decrease of investment interest Inter-group unrealised gain Dividend received Closing net book amount

2002

6,772,683 4,857,216 551,631 453,382 ( 35,363) ( 48,978) 516,268 404,404 1,230,425 1,598,308 175,000 ( 134,499) ( 75,813) 68,168 ( 558,750) ( 254,600) 7,826,127

6,772,683

Investment and decrease of investment does not agree with the number on he following page.

PAGE

Principal activities

Paid-up share capital 2003 2002 Million Baht Million Baht

219

Percentage of Direct Holding 2003 2002 % %

Investments in Subsidiaries Central Pattana Rama 2 Co., Ltd. Central Pattana Chiangmai Co., Ltd.

(1) (1), (2) and (4) Lang Suan Realty Service Co., Ltd. (3) Central Pattana Rattanathibet Co., Ltd. (1) (Formerly named çCentral Pattana Ko Raj Co., Ltd.é) Central Realty Service Co., Ltd. (2) Central Food Avenue Co., Ltd. (4) Central World Tower Co., Ltd. (1) (Formerly named çCentral CBD Co., Ltd.é) Central Pattana Khon Kaen Co., Ltd. (1) Central World Plaza Co., Ltd. (2) and (4) (Formerly named çCentral CBD Realty Service Co., Ltd.é) Central Pattana Nine Square Co., Ltd. (1)

1,500.0 1,000.0

1,360.0 1,000.0

100.0 100.0

830.0 200.0

100.0 100.0

1.0 1.0 900.0

100.0 100.0 84.0

260.0 399.5

260.0 212.5

78.1 62.0

402.0

60.0

(1) (1)

300.0 315.1

60.5 60.0

(5) (5) (5) (5)

289.7 405.3 1,575.0 379.0

395.4 450.0 1,450.0 -

60.5 100.0 58.1 100.0

60.5 100.0 54.5 -

Investments in Joint Ventures Central Pattana Rama 3 Co., Ltd Central Pattana Chonburi Co., Ltd.

Funds Thai Business Fund 1 Thai Business Fund 2 Thai Business Fund 4 Thai Business Fund 5

Main business of subsidiaries and joint ventures (1) Construction of shopping center buildings and office building for rent (2) Utility services in shopping centers (3) Construction of condominiums and shophouses for rent (4) Sales of food and beverage (5) Investment in real estate Interests†in†the†Thai†Business†Funds†represent†unit†holdings†with†a†subordinate†right†to†receive dividends after other classes of unit holders.

PAGE

220

Baht'000 Company Investment at cost method Investment at equity method 2003 2002 2003 2002

Investments in Subsidiaries Central Pattana Rama 2 Co., Ltd. Central Pattana Chiangmai Co., Ltd. Lang Suan Realty Co., Ltd. Central Pattana Rattanathibet Co., Ltd. Central Realty Service Co., Ltd. Central Food Avenue Co., Ltd. Central World Tower Co., Ltd. Central World Plaza Co., Ltd. Central Pattana Khon Kaen Co., Ltd. Central Pattana Nine Square Co., Ltd.

1,500,000 1,000,000 830,000 199,999 1,000 1,000 676,874 247,182 203,149 241,200

1,360,000 1,000,000 830,000 199,999 1,000 1,000 676,874 131,480 203,149 241,200

1,475,363 934,542 1,015,388 5,989 101,465 8,713 676,674 132,425 98,495 236,571

1,243,754 936,503 1,023,891 99,186 11,183 676,813 131,473 92,944 237,024

524,934 189,084

699,840 134,555

698,175 143,976

210,586 450,570 1,364,608 376,680 8,016,866

272,385 499,950 789,910 6,920,965

175,284 401,199 1,352,944 376,680 7,826,127

237,082 450,579 790,100 6,772,683

Investments in Joint Ventures Central Pattana Rama 3 Co., Ltd Central Pattana Chonburi Co., Ltd.

Investment in Funds Thai Business Fund 1 Thai Business Fund 2 Thai Business Fund 4 Thai Business Fund 5 Total

All†holdings†are†investments†in†the†ordinary†share†capital†of†the†undertaking†concerned†and are unchanged from 2002, except for the investments in the following companies:In†March†2003,†the†Group†invested†in†Thai†Business†Fund†5.†The†Thai†Business†Fund†5†is registered†with†the†Securities†and†Exchange†Commission†as†a†property†fund.†The†Fund†is†of†the closed†end†non-redeemable†type†with†no†specified†maturity†date.†As†at†31†December†2003, the†Group†had†a†direct†and†indirect†investment†in†the†Thai†Business†Fund†5†representing†100% of†Class†C†units.†The†class C†units†will†receive†dividend†after†all†other†classes†of†units. During†the†year†2003,†the†Company†invested†in†capital†increase†in†shares†of†Central†Pattana Rama†2†Co.,†Ltd.†and†Central†World†Plaza†Co.,†Ltd.†amounting†to†Baht†140.0†million†and†Baht 115.7†million,†respectively.

PAGE

221

The†financial†statements†of†the†funds†are†consolidated†in†the†consolidated†financial†statements. The†Thai†Business†Fund†1†is†accounted†for†by†proportionate†consolidation†because†the†Group and†another†unit†holders†in†the†class†B†units†have†joint†control†ove†the†Fund.†The†Thai†Business Fund†2,†The†Thai†Business†Fund†4†and†The†Thai†Business†Fund†5†are†consolidated†(as†subsidiaries) because†the†Group†has†the†power†to†control†operations†of†these†funds.

8. Other general†investment†-†related†parties Movement of other general investment - related parties can be summarised as follows: Baht'000 Consolidated 2003 2002 Opening net book amount Disposals Impairment charge Closing net book amount

( (

27,736 1,039) ( 26,697) -

2003 Holding %

Company

53,386 25,650) 27,736

2003

2002

Baht'000 Consolidated 2003 2002

Company 2003 2002

Investments Siam Retail Development Co., Ltd. Ayudhaya Agrocity Co., Ltd. Square Ritz Plaza Co., Ltd. Total investment, at cost Less: Allowance for impairment

15 12 12

66,250 66,250 50,397 50,397 15,000 15,000 131,647 131,647 ( 131,647) ( 103,911) 27,376

PAGE

222

9. Other general investment - others Baht'000 Holding %

Consolidated 2003 2002

Company 2003 2002

Investment in other company Bangkok Club Co., Ltd

0.1

Deposit at financial institution Total other investments

1,000 21,132 22,132

1,000 21,792 22,792

1,000 1,000

Deposit†amounted†to†Baht†19.9†million†as†at†31†December†2003†were†pledged†with†a state enterprise for the consumption of electricity.

10. Deferred†income†tax The following amounts are included in the consolidated and the company balance sheets: Baht'000 Consolidated 2003 2002 Deferred tax assets Deferred tax liabilities

747,857 693,125 ( 493,403) ( 529,432) 254,454

163,693

Company 2003

2002

590,779 599,086 ( 441,149) ( 462,314) 149,630

136,772

PAGE

223

Movements of deferred income tax can be summarised as follows: Baht'000 Consolidated 2003 2002

Company 2003

2002

693,125 813,933 89,731 135,769 34,999) ( 256,577) 747,857 693,125

599,086 38,218 46,525) ( 590,779

570,696 50,146 21,756) 599,086

Deferred tax assets Beginning balance Increase during the year Decrease during the year Ending balance

(

Deferred tax liabilities Beginning balance Increase during the year Decrease during the year Ending balance

( 529,432) ( 735,650) 36,029 206,218 ( 493,403) ( 529,432)

( 462,314) ( 501,412) 21,165 39,098 ( 441,149) ( 462,314)

31 December 2003 Baht'000 Consolidated Allowance Allowance Building under Deposit Other for doubtful for consignment from provisions accounts impairment sale customers Deferred tax assets Beginning balance Charged/(credit) to P/L Ending balance

50,464 70,783 521,208 615 ( 35,692) (27,429) 51,079 35,091 493,779

29,269 53,223 82,492

21,401 693,125 64,015 54,732 85,416 747,857

Baht'000 Unearned Other Income Deferred tax liabilities Beginning balance Charged/(credit) to P/L Ending balance

Total

521,208 8,224 529,432 ( 27,429) ( 8,600) ( 36,029) 493,779 ( 376) 493,403

PAGE

224

31 December 2003 Baht'000 Company Allowance Allowance Building under Deposit Other for doubtful for consignment from provisions accounts impairment sale customers

Total

Deferred tax assets Beginning balance Charged/(credit) to P/L Ending balance

48,988 37,613 462,303 ( 89) ( 10,246) (20,777) 48,899 27,367 441,526

29,269 14,018 43,287

20,913 599,086 8,787 (8,307) 29,700 590,779

Baht'000 Unearned Other Income

Total

Deferred tax liabilities Beginning balance Charged/(credit) to P/L Ending balance

462,303 ( 20,777) ( 441,526 (

11 462,314 388) ( 21,165) 377) 441,149

The amounts shown in the balance sheet include the following: Baht'000

Deferred tax assets to be recovered after 12 months Deferred tax liabilities to be recovered after 12 months

Consolidated 2003 2002

Company 2003

2002

466,350

493,966

420,749

441,606

466,350

493,966

420,749

441,606

PAGE

225

11. Property and equipment Baht'000 Consolidated Land Leasehold Leasehold Building & Vehicles Construction Project rights to land Land improvement and office in progress under and building rights equipment development

Total

At 31 December 2002 Cost Less Accumulated depreciation Net book amount

2,219,437

4,292,520

1,234,032

13,248,764

534,479

19,494

2,457,770

23,999,496

2,212,437

4,292,520

(322,300) 911,732

(3,935,139) 9,313,625

(353,675) 180,804

19,494

(56,469) 2,401,301

(4,667,583) 19,331,913

2,212,437

4,292,520

911,732

9,313,625

180,804

19,494

2,401,301

19,331,913

313,645

790,215

123,780

318,471

212,835

2,230,832

Year ended 31 December 2003 Opening net book amount Additions/ Transferred in Disposals/ Transferred out Transferred Reclassification Depreciation charge Obligation under long term lease agreement Closing net book amount

471,886

223,600 -

(35,579) (1,200,000) (25,124)

(95,727)

(24,965) 869,161 (297,578) (687,151)

(1,358) (71,516)

(24,270) (91,895) -

(114,319) (965,287) 1,497,578 (3,552)

(164,912) (883,070)

2,907,923

(156,013) 2,875,804

(16,586) 1,113,064

9,963,307

231,710

221,800

3,028,556

(172,599) 20,342,164

2,907,923 -

3,092,520 (60,703)

1,564,263 (434,613)

14,650,742 (4,687,435)

624,471 (392,761)

221,800 -

3,088,577 (60,021)

26,150,296 (5,635,533)

2,907,923

(156,013) 2,875,804

(16,586) 1,113,064

9,963,307

231,710

221,800

3,028,556

(172,599) 20,342,164

At 31 December 2003 Cost Less Accumulated depreciation Obligation under long term lease Net book amount

Most of the Group's property plant and equipment are leased out under operating leases. Long-term†borrowings†(Note†13)†are†secured†by†the†Group's†properties†with†book†values†of Baht 9,016 million (2002: Baht 2,658 million). The†Group†has†liability†under†long-term†lease†agreement†amounting†to†Baht†173†million†resulting from†the†difference†between†the†actual†amount†paid†according†to†the†contract†and†amortisation†on systematic†basis†according†to†Thai†Accounting†Standard†No.29†çLong-tem†lease†agreementé. Liabilities†under†long-term†lease†agreement†are†deducted†from†the†advance†paid†for†leasehold†right on land and building because both accounts relate to acquisition of the same project.

PAGE

226

Total†interest†capitalised†to†projects†under†development†for†the†year†ended†31†December 2003†was†Baht†4†million†(2002†:†Baht†71†million).†The†capitalisation†rate†of†5.55%†was†used representing the weighted average interest rate of general purposes borrowings. The†Group's†project†under†development†for†shopping†centers†and†office†comprise†on†which construction†has†been†suspended†a†total†of†5†projects,†inclusive†of†development†costs†of†4†projects located†in†Bangkok†and†up-country.†The†management's†decision†to†continue†the†construction of†these†projects†depends†on†future†economic†conditions†and†the†ability†to†obtain†additional†funds. The†total†costs†of†these†projects,†and†related†allowance†for†impairment†as†of†31†December†2003 amount†to†Baht†1,044†million†and†420†million,†respectively†(2002†:†Baht†1,044†million†and†Baht 420†million,†respectively).†The†management†believes†that,†at†present,†the†assets†could†be†recovered at values not less than their net carrying values.

Land

At 31 December 2002 Cost Less Accumulated depreciation Net book amount

Baht'000 Company Leasehold Building & Vehicles Construction Land improvement and office in progress right equipment

209,681 568,416 3,844,519 255,587 ( 187,926) (1,613,717) ( 212,781) 209,681 380,490 2,230,802 42,806

Total

11,797 4,890,000 (2,014,424) 11,797 2,875,576

Year ended 31 December 2003 Opening net book amount Additions/ Transferred in Disposals/ Transferred out Depreciation charge Closing net book amount

209,681 380,490 2,230,802 42,806 11,797 2,875,576 8,098 24,177 23,468 55,743 ( 463) ( 10,402) ( 10,865) ( 24,966) ( 136,398) ( 17,006) ( 178,370) 209,681 355,524 2,102,502 49,514 24,863 2,742,084

At 31 December 2003 Cost Less Accumulated depreciation Net book amount

209,681 568,416 3,852,617 279,301 ( 212,892) (1,750,115) ( 229,787) 209,681 355,524 2,102,502 49,514

24,863 4,934,878 (2,192,794) 24,863 2,742,084

Long-term†borrowings†(Note†13)†are†secured†by†the†Company's†properties†with†book†values of Baht 1,472 million (2002: Baht 1,539 million).

PAGE

227

12. Other assets Baht'000 Consolidated 2003 2002 Withholding tax deducted at source Deposit and other rights Guarantee for leasehold rights Negative goodwill, net (

Company 2003

2002

109,321 27,805 34,723 63,117) (

34,115 14,746 85,777 66,673)

29,193 34,723 -

361 29,831 37,810 -

108,732

67,965

63,916

68,002

Movement of negative goodwill during the year is as follows:

Baht'000

Negative goodwill For the year ended 31 December 2003 Opening net book amount Amortisation credited to revenue during the year Closing net book amount

( (

66,673) 3,556 63,117)

As at 31 December 2003 Cost Less Accumulated amortisation Net book amount

( (

71,118) 8,001 63,117)

PAGE

228

13. Borrowings Baht'000 Consolidated 2003 2002

Company 2003

2002

Current portion of long-term borrowings Financial institution borrowings Bill of exchange, net Bonds issued to financial institutions Other company

421,879 361,590 250,000 1,033,469

390,359 2,220,136 1,275,000 200,000 4,085,495

361,590 250,000 611,590

2,220,136 1,275,000 3,495,136

6,115,459 471,150 375,000 6,961,609 7,995,078

2,644,221 183,845 625,000 3,453,066 7,538,561

471,150 375,000 846,150 1,457,740

1,848 183,845 625,000 810,693 4,305,829

Long-term borrowings Financial institution borrowings Bill of exchange, net Bonds issued to financial institutions Total borrowings

All†loans†are†secured†with†land†and†buildings†and†improvement†of†the†Company†and†its†subsidiaries as†mentioned†in†Note†11†to†the†financial†statements,†except†for†Company†loans†which†have†no collateral†from†financial†institutions†amounting†to†Baht†1,457†million†and†loans†amounting†to Baht 1,575 million of the Group which was guaranteed by the Company.

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229

The exposure of the borrowings of the Group to interest rate changes are as follows:

Baht'000 Consolidated 2003 2002 Total borrowings: - at fixed rates - at floating rates - no interest

6,619,420 1,375,658 -

2,723,981 4,263,582 550,998

7,995,078

7,538,561

Company 2003

2002

832,740 625,000 1,457,740

2,523,981 1,781,848 4,305,829

Weighted average effective interest rates: % Consolidated 2003 2002 - Loan from banks and financial institutions - Loans from related companies - Loans from other companies

4.94 5.11 -

4.89 6.95 4.50

Company 2003

2002

4.87 5.00 -

4.96 4.08 -

The†loan†amounting†to†Baht†551†million†as†of†31†December†2002†is†a†subsidiary's†loan†which has†no†interest†as†it†is†inclusive†of†interest†payable†of†Baht†49†million†as†a†result†of†a†debt restructuring (Note 21).

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230

The†carrying†amounts†and†fair†values†of†long-term†borrowings†as†at†31†December†are as follows: Baht'000 Consolidated Carrying amount 2003 2002 - Bank, financial institutions and other company borrowings - Loan from related companies

7,995,078 -

Fair value 2003

7,538,561 43,300

2002

8,197,050 -

7,774,239 43,300

Baht'000 Campany Carrying amount 2003 2002 - Bank, financial institutions borrowings - Loan from related companies

1,457,740 2,051,048

4,305,829 2,754,839

Fair value 2003 1,542,623 2,051,048

2002 4,445,000 2,754,839

The†fair†values†of†Bank†and†financial†institution†borrowings†and†loan†from†related†companies are†based†on†discounted†cash†flows†using†a†discount†rate†based†upon†the†borrowing†rate†which the directors expect would be available to the Group at the balance sheet date.

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231

Maturity of long-term borrowings:

Baht'000 Consolidated 2003 2002 Less than 1 year Later than 1 year and not later than 2 years Later than 2 years and not later than 5 years More than 5 years

Company 2003

2002

1,033,469

4,085,495

611,590

3,495,136

1,768,078

572,386

707,090

185,693

2,163,652 3,029,879

1,825,600 1,055,080

139,060 -

625,000 -

7,995,078

7,538,561

1,457,740

4,305,829

As†at†31†December,†the†group†has†the†following†undrawn†committed†borrowing†facilities as follows: Baht'000 Consolidated 2003 2002 Unused credit lines Floating rate

Company 2003

2002

1,908,000

2,078,000

93,000

1,908,000

2,078,000

93,000

These†loan†facilities†are†guaranteed†by†the†Company†and†a†related†company†and†leasehold right†and†mortgage†of†the†existing†properties†of†a†subsidiary,†with†a†book†value†of†Baht†174.3 million†and/or†the†properties†of†the†subsidiary†in†the†future†when†these†borrowings†are†drawn†down.

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232

14. Other current liabilities Baht'000 Consolidated 2003 2002 Other accounts payable Accrued expenses Retention payable Accrued interest expenses Others

Company 2003

2002

1,602,206 448,114 123,275 7,852 87,635

1,478,292 368,789 152,227 84,099 77,124

54,826 145,414 5,010 7,852 37,777

108,937 139,293 4,953 49,657 25,628

2,269,082

2,160,531

250,879

328,468

Other†accounts†payable†in†the†consolidated†financial†statements†of†Baht†1,200†million†is†an outstanding payable in order to obtain the rights to one project under development.

200,024,500 200,024,500 200,024,500 200,024,500 35,714,200 35,714,200

400,049,000 35,714,200 435,763,200

As 31 December 2002 Decrease of par value Issued of shares

At 31 December 2003

100,012,250 100,012,250

100,012,250 100,012,250 -

400,049,000 35,714,200 435,763,200

At 31 December 2001 Issued of shares

Issued and paid-up share capital

At 31 December 2003

Authorised share capital

share Number of share Common Preferred Total

15. Share capital and premium on share capital

2,000,245

2,000,245 -

1,000,123 1,000,122

2,000,245

178,571

Amount Common Preferred share capital share capital

2,178,816

2,000,245 178,571

1,000,123 1,000,122

2,178,816

Total

1,186,139

1,186,139 -

821,426

2,007,565

1,186,139 821,426

1,186,139 -

Premium on share capital Common Preferred Total share capital share capital

Baht'ooo

4,186,381

3,186,384 999,997

2,186,262 1,000,122

2,178,816

Total

PAGE

233

PAGE

234

The†total†authorised†and†registered†number†of†ordinary†shares†is†400,049,000†shares†(2002†: 200,024,500†shares)†with†a†par†value†of†Baht†5†per†share†(2002†:†Baht†10†per†share).†All†issued shares are fully†paid. On†15†November†2002,†the†shareholders†at†the†Extraordinary†Meeting†passed†a†resolution†to approve†the†decrease†of†authorized†share†capital†had†been†reserved†for†unexercised†convertible bonds†amounting†to†20,987,750†shares†at†Baht†10†each.†As†a†result,†the†registered†shares†were reduced†to†100,012,250†ordinary†shares†with†a†par†value†of†Baht†10†per†share.†In†addition,†the shareholders†at†the†Extraordinary†Meeting†passed†a†resolution†to†approve†an†increase†of†authorized share†capital†from†100,012,250†ordinary†shares†with†a†par†value†of†Baht†10†per†share†to 200,024,500†ordinary†shares†with†a†par†value†of†Baht†10†per†share.†On†16†December†2002, the†Company†received†subscription†to†new†shares†of†Baht†1,000,122,500.†The†Company†registered the increased share capital with the Ministry of Commerce on 17 December 2002. At†an†Extraordinary†General†Meeting†on†26†June†2003,†the†shareholders†approved†an increase†of†registered†capital†of the†Company†from†Baht†2,000,245,000†to†Baht†2,178,816,000 by†issuing†convertible†preferred†shares†totaling†35,714,200†shares†at†a†par†value†of†Baht†5†per share. These†shares†can†be†divided†into†400,049,000†ordinary†shares†with†a†par†value†of†Baht†5 per†share†and†35,714,200†preferred†shares†with†a†par†value†of†Baht†5†per†share.†The†Company registered the increase of registered capital with the Ministry of Commerce on†18†July†2003. The†newly†issued†preferred†shares,†being†35,714,200†shares,†were†sold†to†a†fund†at†Baht†28 per†share†totalling†Baht†999,997,600.†The†full†amount†of†the†share†subscription†were†received on†18 July 2003. The†preferred shares rights are as follow: 1. One†preferred†share†can†be†converted†into†one†ordinary†share†at†any†time,†in†lots†of†not†less than 1 million shares. 2. Each preferred share has equal voting rights to each common share. 3. Each†preferred†share†shall†be†entitled†to†the†same dividend†rights†as†that†of†each†of†the Company's common shares.

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235

4. Preferred†share†shareholders†are†entitled†in†case†of†bankruptcy†or†termination†or†liquidation,†to receive†the†remaining†assets†after†settlement†of†all†liabilities†and†other†commitments†as†follows: 4.1 Preferred†shareholders†shall†be†entitled†to†receive†a†return†of†the†full†amount†of†the†purchase price†for†the†Company's†preferred†share†(par†value†plus†share†premium)†before†ordinary†shareholders. In†case†assets†and/or†cash†are†inadequate†to†return†to†all†convertible†preferred†shareholders, such assets and/or cash will be proportionately allocated to preferred shareholders. 4.2 Any†assets†and/or†cash†thereafter†remaining†will†be†distributed†to†ordinary†shareholders†who shall†be†entitled†to†receive†up†to†the†par†value†of†such†ordinary†shares†plus†an†amount†up to†the†share†premium†of†the†preferred†shares.†In†case†assets†and/or†cash†are†inadequate to†return†to†all†ordinary†shareholders,†such†assets†and/or†cash†will†be†proportionately allocated to ordinary shareholders. 4.3 The†remaining†assets†and/or†cash†after†the†payment†of†the†clauses†4.1†and†4.2†will†be distributed†proportionately†based†on†number†of†shares†held†to†all†shareholders,†including preferred share and ordinary shareholders.

16. Legal reserve Under†the†Public†Companies†Act,†the†Company†is†required†to†set†aside†as†a legal†reserve†at†least 5†percent†of†its†net†profit†after†accumulated†deficit†brought†forward†(if†any)†until†the†reserve†is†not less†than†10†percent†of†the†registered†capital.†The†legal†reserve†is†not†distributable†as†dividend. The†Company†will†set†aside†its†net†profit†as†a†legal†reserve†when†the†Board†of†Directors†pass†a resolution to approve the reserve. On†26†February†2003,†the†Board†of†Directors†passed†a†resolution†to†set†aside†net†profit†amounting to Baht 79 million as a legal reserve.

PAGE

236

17. Other operating income Baht'000 Consolidated 2003 2002 Expenses claimed from tenants Gain from early extinguishment of debt Management income Other

Company 2003

2002

162,441 67,374 13,498 82,015

63,830 8,167 91,346

55,079 127,328 97,344

35,654 54,142 45,452

325,328

163,343

279,751

135,248

The†gain†from†early†extinguishment†of†debt†is†a†gain†from†the†full†settlement†of†restructuring loans†by†the†Group†earlier†than†the†agreed†date.†As†a†result,†the†Group†does†not†have†to†pay interest payable previously recorded to the lender. (Note 21).

18. Interest expense Baht'000

Interest expense - Bonds - Financial institution borrowings - Related parties

Consolidated 2003 2002

Company 2003

2002

71,167 329,083 -

128,432 148,765 5,642

71,167 44,316 133,382

6,927 88,520 121,505

400,250

282,839

248,865

216,952

PAGE

237

19. Operating profit The†following†expenditures,†classified†by†nature,†have†been†charged†in†arriving†at†operating†profit: Baht'000 Consolidated 2003 2002 Depreciation on property and equipment (Note 11) - owned assets - owned assets leased under operating leases Staff costs Compensation for land (A) (included in administrative expenses) Impairment charge on other investment and projects under development (included in administrative expenses) Contribution to provident fund VAT and other tax (B) (included in administrative expenses) Doubtful debts on loan to related company Write-off of unclaimed withholding tax other general investment (included in administrative expenses) Amortisation of intangible assets - Negative goodwill (included in other operating income) (

Company 2003

2002

787,343

524,205

153,404

146,475

95,727 302,379

36,515 253,988

24,966 201,225

24,999 188,129

45,700

50,000

45,700

50,000

26,697 5,611

27,815 4,809

97,853

64,177

9,959

27,780

3,556) (

3,556)

4,692

3,959

(A) The†Board†of†Directors†of†the†Group†has†approved†the†Company†to†make†compensation payments†of†land†rental†to†the†State†Railway†of†Thailand.†The†above†compensation†represent the effect for the current period. (B) In†2002,†the†Group†and†the†Company†paid†additional†value†added†tax†for†central†area services†for†the†years†1997-2002†amounting†to†Baht†78†million†and†Baht†64†million,†respectively, and†the†Group's†corporate†income†tax†of†the†years†1999-2002†amounting†to†Baht†20†million†to the Revenue Department.

PAGE

238

20. Income tax Income†taxes in the consolidated and the Company's statement of income are stated as follows: Baht'000 Consolidated 2003 2002 Current tax charge Deferred tax credit Share of tax of subsidiaries (Note 7) Income tax charge

(

408,275 86,769) ( 321,506

Company

339,792 85,409) 254,383

(

2003

2002

299,001 12,858) ( 35,363 321,506

272,893 67,488) 48,978 254,383

The†calculation†of†income†tax†in†the†consolidated†and†company†statements†of†income†are†as†follows:†Baht'000 Consolidated 2003 2002 Profit before tax (after extraordinary item) 1,518,382 1,202,242 Tax calculated at a tax rate of 30% 455,515 360,673 Income not subject to tax ( 159,180) ( 126,148) Expenses not deductible (deductible) for tax purposes 25,171 19,858 Share of tax of subsidiaries Income tax 321,506 254,383

Company 2003

(

2002

966,751 290,025 -

748,858 224,657 -

3,882) ( 35,363 321,506

19,252) 48,978 254,383

21. Extraordinary item On 15 August 2002, Central Play Land Company Limited, a subsidiary, entered into a debt restructuring agreement amounting to Baht 508 million with the Thai Assets Management Corporation. The Corporation agreed to amend the terms of its loan as follow: - Reduce the loan principal to Baht 492 million. - Reduce the interest payable to Baht 27 million. - Extend†the†period†of†repayment†to†14†August†2011,†with†repayment†by†installment†every†3†months. - Decrease†interest†rate†to†3%†per†annum†for†the†1st†-†3rd†year,†4%†per†annum†for†the†4th†-†5th year and minimum lending rate per annum for the 6th - 9th year. As†a†result†of†the†restructuring,†the†Group†recognized†a†profit†amounting†to†Baht†98†million†in†2002 (net from income tax of Baht zero and net from sharing of minority interest of Baht 24 million). In†2003,†the†Group†early†extinguished†this†debt.†As†a†result,†the†Group†has†recognized†a†gain†from this†early†extinguishment†in†the†amount†of†Baht†67†million†(inclusive†of†the†profit†attributed†to†minority interest of Baht 13 million).

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239

22. Earnings per share Basic†earnings†per†share†is†calculated†by†dividing†the†net†profit†attributable†to†shareholders by†the†weighted†average†number†of†ordinary†shares†in†issue†during†the†year.†Diluted†earnings per†share†is†calculated†adjusting†the†weighted†average†number†of†ordinary†shares†outstanding to†assume†conversion†of†all†dilutive†potential†ordinary†shares†(convertible†preferred†shares†issued in†2003).

Basic Earnings per share Net profit attributable to shareholders (Baht' 000) Weighted average number of ordinary shares in issue ('000 shares) Basic earnings per share (Baht) Diluted Earnings per share Net profit attributable to shareholders (Baht' 000) Weighted average number of ordinary shares for diluted earnings per share ('000 shares) Diluted earnings per share (Baht)

Consolidated 2003 2002 (Restated)

Company 2003

1,196,876

947,859

1,196,876

947,859

400,049 2.99

368,890 2.57

400,049 2.99

368,890 2.57

2002 (Restated)

1,196,876

416,389 2.87

The†Company†had†restated†earnings†per†share†for†the†year†2002†by†adjusting†the†number†of weighted†average†ordinary†shares.†This†is†because†the†Company†increased†the†number†of†ordinary shares†from†200,024,500†shares†with†a†par†value†of†Baht†10†per†share†to†400,049,000†shares by reducing the par value to Baht 5 per share in 2003 (see Note 15).

23. Dividends At†the†annual†general†meeting†of†shareholders†on†17†April†2003†(For†the†year†2002:†the†annual general†meeting†of†shareholders†was†held†on†29†March†2002),†a†dividend†in†respect†of†the†year†2002 of†Baht†1†per†common†share†(2001:†Baht†2.75†per†common†share)†amounting†to†a†total†of†Baht†400 million†(Baht†275†million)†was†approved.†Dividends†payable†are†not†accounted†for†until†they†have†been ratified†at†the†Annual†General†Meeting.†These†financial†statements†do†not†reflect†dividends†payable which†may†be†appropriated†from†retained†earnings†as†at†31†December†2003.

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240

24. Cash†flows†from†operating†activities Reconciliation of net profit to cash flows from operating activities: Baht Consolidated 2003 2002 Notes Net profit Interest expense Income tax Minority interest Profit before interest and tax Adjustments for: Depreciation and amortisation Doubtful debts Write-off of unclaimed withholding tax Doubtful debts on loan to related company Impairment charge on project under development 11 Impairment of other investment 8 Recognition of unearned income Share of (profit) of subsidiaries 7 Amortisation of negative goodwill 12 Loss (gain) on disposal of investments (Gain) on debt restructuring 21 Changes in operating assets and liabilities: - trade accounts receivable - other current assets - other assets - trade accounts payable - other current liabilities - unearned rental and service income - deposit from customers - guarantee for leasehold Cash generated from operations

Company 2003

2002

1,196,876,562 400,249,837 321,505,808 ( 2,316,650) 1,916,315,557

947,858,556 282,838,968 254,382,791 28,709,384 1,513,789,699

1,196,876,562 248,864,767 321,505,808 1,767,247,137

947,858,556 216,952,156 254,382,791 1,419,193,503

871,036,787 2,053,402 -

561,302,283 ( 8,902,351) 27,779,576

178,324,283 ( 262,241) -

171,758,723 ( 52,385) 27,779,576

26,697,000 ( 241,559,493) ( 3,555,892)

27,814,502 1,219,600 ( 232,909,377) ( 3,555,888)

( 84,141,538) ( 551,631,198) -

1,219,600 ( 84,510,112) ( 453,382,579) -

21,800,826 ( 67,374,072)

( 2,476,411) ( 97,515,869)

6,261,535 ( 62,294,679) ( 21,667,913) 648,676 186,496,511 462,665,815 211,057,360 ( 144,592,853)

2,143,595 ( 180,410,349) 12,145,274 ( 5,778,321) 411,267,246 4,368,399 320,432,092 76,210,332

787,912) 35,441,610 4,085,574 391,869 ( 35,784,330) ( 56,483,173) 61,163,473 -

( 17,233,173) ( 8,798,204) 58,309,168 72,394 51,027,865 ( 42,440,709) 62,299,350 -

3,163,988,567

2,426,924,032

1,317,563,554

1,195,201,632

(

9,958,615

PAGE

241

25. Segment information Financial information by business segments Baht'000 For the year ended 31 December 2003 Rental and Food and Consolidated services beverage Revenues Segment results Interest income Other income Unallocated costs Operating profit Interest expense Profit before tax Income tax Group profit Minority interest Net profit Fixed assets by segment (As at 31 December 2003) Total assets by segment (As at 31 December 2003)

4,839,687 2,276,356

341,521 85,732

5,181,208 2,362,088 33,486 325,328 ( 804,587) 1,916,315 ( 400,250) 1,516,065 ( 321,506) 1,194,559 2,317 1,196,876

20,338,584

3,581

20,342,165

23,521,746

28,127

23,549,873

The†Group†operates†only†in†Thailand.†Therefore,†no†geographical†segmental†information†is presented as secondary information. The Group is organised into two main business segments: -†Development†of†shopping†center†buildings,†office†building†and†condominiums†for†rent†including provision of utility services, operator of play land and water theme park in the shopping center buildings; -†Sales of food and beverage Selling price between segments is based on market rates with a discount not exceeding 10%.

PAGE

242

Financial information by business segments Baht'000 For the year ended 31 December 2002 Rental and Food and Consolidated services beverage Revenues Segment results Interest income Other income Unallocated costs Operating profit Interest expense Profit before tax Income tax Profit after tax Minority interest Operating profit Extraordinary item Net profit Fixed assets by segment (As at 31 December 2002) Total assets by segment (As at 31 December 2002)

3,360,566 1,828,345

249,493 61,338 ( ( ( (

3,610,059 1,889,683 82,557 163,343 719,308) 1,416,275 282,839) 1,133,436 254,383) 879,053 28,709) 850,344 97,515 947,859

19,328,342

3,571

19,331,913

21,342,150

30,970

21,373,120

26. Financial instruments The†principal†financial†risks†faced†by†the†Group†are†interest†rate†risk†and†credit†risk.†The†Group borrows†at†both†fixed†and†floating†rates†of†interest†to†finance†its†operations.†Credit†risk†arises†from the risk in the collectability of rental fees. In†2002,†the†Group†did†not†use†financial†instruments†to†reduce†uncertainties†over†future†cash flows†arising†from†movements†in†interest†rates.†However,†in†2003,†the†Group†entered†into†an†interest rate†swap†contract†that†entitles†it†to†receive†interest†at†floating†rates†on†a†notional†principal amount†of†Baht†1,190†million†and†obliges†it†to†pay†interest†at†a†fixed†rate†of†5.25%†per†annum (floating†rate†was†5.5%).†Under†the†swap†contract,†the†difference†in†interest†amount†between the†fixed†rate†and†the†floating†rates†(bank†minimum†lending†interest†rate†minus†1%)†is†calculated by†reference†to†the†agreed†notional†principal†amounts.

PAGE

243

As†at†31†December†2003,†the†remaining†terms†of†the†interest†rate†swap†contracts†were 3†years,†and†their†aggregate†fair†value,†which†has†been†calculated†by†a†bank†assuming†the†contracts are terminated at the balance sheet date, was Baht 15 million. a)

Credit risks The current policies established by the Group to manage credit risk are: ë To collect an advance equivalent to 6 months rental from customers. ë To terminate rental contracts for tenants whose rental fees are outstanding over 90 days.

b) Liquidity risks The†liquidity†risk†is†the†risk†that†the†Group†will†encounter†difficulty†in†raising†funds†to†meet commitments†associated†with†financial†instruments.†The†management†is†considering†to†raise†more funds, the plan for which is expected to be finalized in 2004. c)

Fair values The†carrying†amounts†of†the†following†financial†assets†and†financial†liabilities†approximate†to†their fair†values:†cash†and†cash†at†banks,†investments,†trade†accounts†receivables†and†payables,†other receivables†and†payables,†loans†to†subsidiaries,†short†term†borrowings†and†floating†interest†rate long-term borrowings. Information on the fair values of borrowings is included in Note 13.

27. Related party transactions Related†companies†are†the†companies†which†have†common†directors,†who†have†authority†in†making financial†and†operating†decision.†The†related†companies†which†have†trading†transactions†could†be grouped as follows: Central Department Store Group comprises the following companies: Central Department Store Company Limited Rachada Nonsee Department Store Company Limited C.R. Chiangmai (Thailand) Limited Harg Central Department Store Limited Bangna Central Department Store

PAGE

244

Fast Food Group comprises the following companies: Central Ice Creme Company Limited Central Restaurant Group Company Limited Thai Franchising Company Limited Thai International Fast Food Company Limited Central Pizza Company Limited Central Fastfood Group Company Limited Food Novelty Company Limited Big C Super Center Group comprises the following companies: Big C Super Center Public Company Limited Central Pattaya Company Limited Big C Fairy Company Limited Retail Group and others comprises the following companies: Central Watson Company Limited Cetreck Company Limited CRC A Hold Company Limited Central Inter Pattana Company Limited Central Trading Company Limited Thiang Chirathivat Company Limited Big Champ Company Limited Prin Intertrade Company Limited Fuji Restaurant Company Limited Rakase Leather Company Limited Suwimon Company Limited Sakura Restaurant Company Limited Earth Care Company Limited CRC Sport Company Limited Central Garment Factory Company Limited Rama 3 Cruisin Company Limited CRC A Hold Airport Company Limited Central Retail Corporation Company Limited Office Club (Thailand) Company Limited Spaghetti Factory Company Limited

PAGE

245

The†Group†enters†into†transactions†with†related†companies†in†the†normal†course†of†business. Significant transactions for the years ended 31 December can be summarised as follows: a) Rental, services and management income Baht'000 Consolidated 2003 2002

Company 2003

2002

For†the years†ended 31†December Rental and service income Subsidiaries Central Realty Service Co., Ltd. Central Food Avenue Co., Ltd. Other subsidiaries

58,215 24,245 207 82,667

51,819 22,945 646 75,410

Joint Ventures Central Pattana Chonburi Co., Ltd. Central Pattana Rama 3 Co., Ltd.

131 10 141

2,279 245 2,524

328 24 352

5,698 358 6,056

149,937 56,431 14,010 238,419 458,797 458,938

79,845 17,680 11,321 225,210 334,056 336,580

28,736 21,197 14,010 126,764 190,707 273,726

30,276 9,129 11,321 140,092 190,818 272,284

Related companies Central Department Store Group Fast Food Group Central Plaza Hotel Company Limited Retail Group and others

Rate†of†rental†service†and†utilities†services†charged†per†square†meter†of†Central†Ladprao shopping†center,†Central†Ramindra†shopping†center,†Central†Pinklao†shopping†center†and†Central Festival†Pattaya,†Airport†Plaza†shopping†center,†Central†Ratchada†Rama†III†shopping†center,†Central City†Bangna†shopping†center,†Central†Plaza†Rama†II†shopping†center†and†Central†World†Plaza†shoping center†for†the†years†ended†31†December†2003†and†2002,†which†the†Company†and†its†subsidiaries (Central†Pattana†Public†Co.,†Ltd.,†Central†Realty†Service†Co.,†Ltd.,†Central†Pattana†Chiangmai†Co.,†Ltd, Central†Pattana†Rama†3†Co.,†Ltd,†and†Central†Realty†Service†Rama†3†Co.,†Ltd.†Bangna†Central Property†Co.,†Ltd.†and†Central†Pattana†Rama†II†Co.,†Ltd.,†Central†World†Plaza†Co.,†Ltd.†and†Thai Business†Fund†4)†charge†to†related†companies†and†other†connected†shops†and/or†nearby†shops†on the†same†floor†are†at†rates†close†to†those†charged†to†other†connected†shops†and/or†nearby†shops on†the†same†floor.†These†rates†are†determined†according†to†location,†lease†space,†lease†term, timing and type of lease.

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246

Baht'000 Consolidated 2003 2002

Company 2003

2002

For†the years†ended 31†December Management fee Subsidiaries Central Pattana Rama 2 Co., Ltd. Central Realty Service Co., Ltd. Central Pattana Chiangmai Co., Ltd. Other

59,060 22,912 16,625 2,414 101,011

200 30,656 30,856

5,192 2,271 7,463

12,153 5,091 17,244

12,980 5,678 18,658

669 669 8,132

2,555 2,032 4,587 122,842

Joint Ventures Central Pattana Rama 3 Co., Ltd. Central Realty Service Rama 3 Co., Ltd.

4,861 2,036 6,897

Related companies Central Department Store Group Others

4,355 2,032 6,387 13,284

669 669 50,183

Management†and†consultant†fees†are†charged†at†the†rates†being†charged†by†other†companies in the similar business. b) Cost of rental and services Baht'000 Consolidated 2003 2002

Company 2003

2002

For†the years†ended 31†December Cost of rental and services Subsidiaries Thai Business Fund 2 Subsidiaries

134,221 134,221

85,806 87 85,893

16,467 39,133 55,600 55,600

16,763 13,488 30,251 30,251

16,450 35,800 52,250 186,471

16,746 10,654 27,400 113,293

Related companies Central Department Store Group Retails Group and others

Rental and service from the above companies were carried out at the rates charged to third parties.

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247

c) Cost of food and beverage Baht'000 Consolidated 2003 2002

Company 2003

2002

For†the years†ended 31†December Cost of food and beverage Joint venture Central Realty Service Rama 3 Co., Ltd.

1,060

Related Companies Central Department Store Group

12 1,072

97 97

Transactions†in†food†and†beverage†with†the†above†companies†were†carried†at†commercial†terms and at market price. d) Other income and other expenses Baht'000 Consolidated 2003 2002

Company 2003

2002

For†the years†ended 31†December Subsidiaries Interest income Other income Administrative expenses Interest expenses

2,578 515 15,319) ( 27) (

336 3,086 99) 2,631)

347 30,982 45,239) ( (

38 7,281 38,982) 3,011)

29,357 16,938 44,574 12,742 ( 2,434) ( 9,096) ( 133,382) ( 121,505)

Joint Ventures Interest income Other income Administrative expenses Interest expenses

( (

(

84 7,212 6,530)

282 23,553 43,485) ( -

31 1,162 38,444) -

7,704 144)

( -

Related companies Interest income Other income Administrative expenses Interest expenses

(

Interest†expense†was†mostly†paid†to†the†Thai†Business†Fund†2†at†minimum†lending†rate†(MLR)†-†1% per†annum.†Administrative†expense†charged†from†related†companies†are†mostly†paid†to†the†Central Group†at†the†rate†of†0.8%†of†consolidated†incomes†of†the†Group†but†not†less†than†Baht†3†million†per†month. e) Directors' remuneration In†2003,†the†total†salaries†and†other†benefits,†including†directors'†fee†shown†as†an†expense†in†the statements†of†income,†of†the†directors†and†management†was†Baht†35.55†million†(2002†:†Baht†36.56†million).

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248

Outstanding†balances†arising†from†rental,†services†and†management†fee†(Note†5) Baht'000 Consolidated 2003 2002

Company 2003

2002

Accounts receivable Subsidiaries Central Realty Service Co., Ltd. Central Pattana Rama 2 Co., Ltd. Bangna Central Property Co., Ltd. Central World Plaza Co., Ltd. Central Pattana Chiangmai Co., Ltd. Other subsidiaries

5,365 3,872 2,164 1,757 1,437 43

8,809 1,588 1,633 1,153 1,412

Joint Venture Central Pattana Rama 3 Co., Ltd. Central Realty Service Rama 3 Co., Ltd.

81 -

7,392 1,424 3,829 12,645

2,187 6,435 6,475 15,178

2,800 624

3,038 -

Related companies Central Plaza Hotel Co., Ltd. Central Department Store Co., Ltd. Others

1,424 4,312 2,311 26,109

2,187 1,483 3,455 24,758

g) Loans†to†related†parties Movement†of†loans†to†related†parties†during†the year†is†as†follows: Baht'000 Consolidated 2003 2002

Company 2003

2002

Short-term and long-term loans Beginning balance Loans made to related companies Loans payments Allowance for doubtful debts Ending balance

(

13,093 4,902 1,801) ( 16,194

8,581 10,000 5,488) 13,093

4,744,053 929,223 1,225,288 4,647,983 ( 3,761,653) ( 823,194) ( 9,959) 2,207,688 4,744,053

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249

Outstanding balance as at 31 December : Baht'000 Consolidated 2003 2002

Company 2003

2002

Short-term loans loans to subsidiaries The Thai Business Fund 4 Langsuan Realty Co., Ltd

188,340 -

290,000 921,564

Advances to related companies

16,194

13,093

860

928

Total short-term loans

16,194

13,093

189,200

1,212,492

Long-term loans Loans to subsidiaries and joint venture Central Pattana Rattanathibet Co., Ltd. Central Pattana Chiang Mai Co., Ltd. Central Pattana Rama 2 Co., Ltd. Central Pattana Khon Kaen Co., Ltd. Central Pattana Chonburi Co.,Ltd Lang Suan Realty Co., Ltd. Central World Plaza Co., Ltd. Central World Tower Co.,Ltd. Less Allowance for doubtful accounts

746,258 62,978 729,261 731,882 342,781 1,592,907 201,993 189,440 8,154 2,347 961,741 150 75 ( 9,959) ( 9,959) 2,018,488 3,531,561

Loans to related company Siam Retail Development Co., Ltd. Less: Allowance for doubtful accounts

(

162,739

162,739) ( -

162,739) -

( 162,739) ( -

162,739) -

Total long-term loans

2,018,488

3,531,561

Total loans to related companies

16,194

13,093

2,207,608

4,744,053

PAGE

250

Loans†to†subsidiaries†and†related†companies†are†unsecured†and†denominated†in†Thai†Baht, except†a†loan†to†Central†Pattana†Khon†Kaen†Co.,†Ltd.,†a†subsidiary,†which†is†secured†by†plots†of land†owned†by†the†subsidiary†with†a†net†book†value†of†land†of†Baht†326†million†(2002:†Baht†326 million).†All†loans†are†repayable†on†demand.†Loans†to†subsidiaries†wholly†owned†by†the†Company carry†interest†at†the†Company's†fixed†deposit†rate.†Loans†to†other†subsidiaries†and†related†companies carry†interest†at†the†Company'†s†borrowing†rate. Loans†to†Siam†Retail†Development†Co.,†Ltd.,†(SRDC)†represent†subordinated†shareholders'†loans in†the†Group's†shareholding†proportion.†As†of†31†December†2003,†the†Group†holds†an†investment†in ordinary†shares†representing†15%†of†the†total†shares†outstanding†of†SRDC†where†a†restructuring†of its†debts†with†its†lenders†has†been†completed.†However,†according†to†the†restructuring†plan†the Group†will†receive†certain†amounts†over†a†very†long†period†of†time†resulting†in†an†uncertainty in†future†settlement.†Therefore,†management†has†decided†to†make†full†allowance†for†doubtful†account. h) Loans from†related†companies Movement of loans from related companies during the year is as follows: Baht'000 Consolidated 2003 2002 Beginning balance Loan received Loan payment Ending balance

(

44,594 1,721 43,575) ( 2,740

45,675 4,982 6,063) 44,594

Company 2003

2002

2,754,838 1,886,208 1,419,836 1,281,480 ( 2,123,626) ( 412,850) 2,051,048 2,754,838

PAGE

251

Baht'000 Consolidated 2003 2002

Company 2003

2002

Outstanding balance as at 31 December

Advance and short-term loan Loans from subsidiaries Central Realty Service Co., Ltd. Thai Business Fund 2 Central Word Tower Co., Ltd. Central World Plaza Co., Ltd.

545,042 158,990 500 -

Loans from related companies Fairy Plaza Co., Ltd. Others

731 2,009

536 758

Total short-term loans from related companies

2,740

1,294

551,053 159,023 337,861 174,166 -

704,532

1,222,103

Long-term loans Loans from subsidiary Thai Business Fund 2

1,130,951

1,289,940

215,565

242,795

Central Department Store Co., Ltd.

43,300

Total long-term loans from related companies

43,300

1,346,516

1,532,735

44,594

2,051,048

2,754,838

Loans from joint venture Central Pattana Rama 3 Co., Ltd.

Loan from related companies

Total

2,740

Short-term†loans†from†related†companies†are†unsecured†and†denominated†in†Baht.†The†loans†are repayable†on†demand†and†carry†interest†at†the†rate†of†Fixed†Deposit†Rate†and†Minimum†Lending†Rate (MLR) minus†1%. Long-term†loans†from†joint†venture†is†unsecured†and†denominated†in†Baht.†The†loan†repayment†period is 10 years by equal installment and the loans carry interest at the rate of 2% per annum.

PAGE

252

Related party transactions In†December†2003,†a†subsidiary†of†the†Group†has†entered†into†Memorandum†of†Understanding (MOU)†with†Central†Plaza†Hotel†Public†Company†Limited†to†lease†or†sublease†its†leasehold†land†and part†of†its†construction†located†at†Central†World†Plaza†for†29†years.†According†to†the†agreement, the†potential†lessee†agreed†to†use†land†and†its†constructions†to†develop†a†hotel,†a†parking†lot†and a†convention†hall.†As†at†31†December†2003,†the†details†of†the†master†agreement†are†under consideration.

28. Principal subsidiaries undertaking Subsidiaries included in the consolidated financial statements comprise the following: Paid up capalal

Percentage of direct and indirect holding 31 December 31 December 2003 2002 2003 2002 Business Million Baht Million Baht % % Subsidiaries Central Pattana Rama 2 Co., Ltd. Central Pattana Chiangmai Co., Ltd.

(1) (1), (2) and (4) Langsuan Realty Co., Ltd. (3) Central Pattana Rattanathibet Co., Ltd. (1) (Formerly named çCentral Pattana Ko Raj Co., Ltd.é Central Realty Service Co., Ltd. (2) Central Food Avenue Co., Ltd. (4) Bangna Central Property Co., Ltd. (1) ∂÷ß (5) Central World Tower Co., Ltd. (1) (Formerly named çCentral CBD Co., Ltd.é) Central World Plaza Co., Ltd. (2) ·≈– (4) (Formerly named çCentral CBD Realty Services Co., Ltd.é) Central Play Land Co., Ltd. (1) ·≈– (5) Central Pattana Khon Kaen Co., Ltd. (1)‹ Central Pattana Nine Square Co., Ltd. (1)

1,500.0 1,000.0

1,360.0 1,000.0

100.0 100.0

830.0 200.0

100.0 100.0

1.0 1.0 402.0 900.0

100.0 100.0 99.0 93.3

399.5

212.5

80.0

5‹ 18.0 260.0 4‹ 02.0

135.0 260.0 4‹ 02.0

79.2 78.1 60.0

(1) (2) (1)

300.0 175.0 315.1

60.5 60.5 60.0

(6) (6) (6) (6)

289.7 405.3 1,365.0 379.0

395.4 450.0 1,450.0 -

60.5 100.0 100.0 100.0

60.5 100.0 100.0 -

Joint Ventures Central Pattana Rama 3 Co., Ltd. Central Realty Service Rama 3 Co., Ltd. Central Pattana Chonburi Co., Ltd.

Funds The Thai Business Fund 1 The Thai Business Fund 2 The Thai Business Fund 4 The Thai Business Fund 5

PAGE

253

Paid†up†capital†of†and†percentage†of†holding†in†The†Thai†Business†Fund†1,†The†Thai†Business Fund†2,†The†Thai†Business†Fund†4†and†The†Thai†Business†Fund†5†are†capital†of,†and†holdings†in, units that have rights to receive dividends after all other classes of unit holders. Main business (1) Construction of shopping center buildings for rent (2) Provision of utilities services in shopping centers (3) Construction of condominiums and shop houses for rent (4) Sales of food and beverage (5) Operator of play land and water theme park on shopping center (6) Investment in real estate

29. Contingent liabilities Guarantee (a) As†at†31†December†2003,†the†Company†and†its†subsidiaries†have†contingent†liabilities†in respect†of†letters†of†guarantees†issued†by†banks†in†favor†of†a†state†enterprise†for†the consumption†of†electricity†totaling†Baht†155†million†(2002:†Baht†125†million). (b) As†at†31†December†2003,†the†Company†has†entered†into†a†performance†guarantee†agreement for the debts and obligations of joint ventures as follows: -†Central†Pattana†Rama†3†Co.,†Ltd.†and†its†subsidiary†under†the†Building†Lease†Agreement†and System†Lease†Agreement†made†between†Central†Pattana†Rama†3†Co.,†Ltd.†and†its†subsidiary and†Thai†Business†Fund†1 -†Central†Pattana†Rama†3†Co.,†Ltd.†and†its†subsidiary†under†the†Property†Management†Agreement made between Central Pattana Rama 3 and its subsidiaries and Thai Business Fund 1. The†debts†and†obligations†under†the†above†guarantee†to†Central†Pattana†Rama†3†Co.,†Ltd.†and its†subsidiary†are†limited†to†the†total†amount†of†Baht†474.3†million†which†is†proportionate†to the†Company's†interest†in†Central†Pattana†Rama†3†Co.,†Ltd.†and†its†subsidiaries. (c) As†at†31†December†2003,†the†Company†has†entered†into†a†loan†guarantee†agreement†for subsidiaries totalling Baht 1,575 million.

PAGE

254

Dispute (d) The†dispute†between†the†Company†and†The†State†Railway†of†Thailand†which†occurred†in 2002†had†been†resolved†in†2003.†The†Company†agreed†to†pay†the†compensation†to†the State†Railway†of†Thailand†(Note†19)†totaling†of†the†Company's†portion†of†Baht†314.94 million†over†the†6†years. Litigation The†significant†litigation†of†the†Company†and†the†Group†as†at†31†December†2003†is†as†follows: (e) In†1998,†a†subsidiary†filed†a†case†with†the†first†court†against†a†lessor†company†for†breach of†land†lease†agreement†amounting†to†Baht†444†million.†The†defendant†filed†a†counter-claim†with the†court†against†the†subsidiary†for†the†payment†of†land†rental†and†damages†amounting†to Baht†1,249†million†(consisting†of†rental†fees†of†approximately†Baht†349†million†and†claim†for losses†for†breach†of†the†agreement†of†approximately†Baht†900†million).†These†cases†were finalized†by†the†subsidiary†and†lessor†entering†into†a†compromising†agreement†through†the Court†on†6†March†2003. The†Court†ordered†the†lessor†to†pay†the†sum†of†Baht†1†million†and the†subsidiary†agreed†to†cancel†the†land†lease†agreement. (f) In†1995,†a†local†company†filed†a†case†with†the†court†against†the†Company†for†breach of†rental†agreement†amounting†to†Baht†85.8†million.†The†case†was†finalised†in†2002. The†supreme†court†gave†a†verdict†in†favor†of†the†Company. Subsequently,†in†1996,†that†local†company†filed†another†case†with†the†court†against†the Company†for†breach†of†rental†agreement†amounting†to†Baht†83.4†million.†The†Company†filed a†counter-claim†with†the†court†against†that†company†for†damages†of†Baht†2.5†million. In†October†2001,†the†first†court†gave†its†verdict†in†favor†of†the†Company.†At†present, the†case†has†been†appealed†to†the†appeal†court. (g) Other†cases†involving†the†joint†venture are described in Note 31.

PAGE

255

30. Commitments Capital commitments Capital expenditure contracted for at the balance sheet date but not recognised in the financial statements is as follows: Million Baht Consolidated 2003 2002 Property and equipment

2,219

Company 2003

2002

531

Operating lease commitments - where a group company is the lessee The future minimum lease payments under non-cancelable operating lease are as follows: Million Baht Consolidated 2003 2002 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years

Company 2003

2002

171

164

324

814 15,494

714 15,765

1,296 972

1,296 1,296

16,479

16,643

2,592

2,916

The†above†minimum†lease†payments†exclude†lease†commitments†of†the†suspended†projects which are under negotiation for renewal of contracts as detailed in (a) and (b).

PAGE

256

(a) The†Group†has†entered†into†a†land†lease†agreement†with†a†third†party.†The†land†was†leased for†the†construction†of†a†building†for†lease.†The†lease†agreement†was†for†a†period†of†thirty years†ending†in†May†2027.†Under†the†conditions†in†the†agreement,†the†Group†paid†advance rental†which†is†presented†in†the†balance†sheets†under†Property†and†equipment†Project†under†development†and†has†to†pay†monthly†rental.†The†rental†will†be†increased†every five†years†at†the†rate†of†10%†of†the†latest†month†rental.†However,†this†project†has been†suspended. (b) The†Group†has†entered†into†a†land†lease†agreement†with†a†local†company.†Land†was†leased for†the†construction†of†a†shopping†center†for†lease.†The†lease†agreement†was†for†a†period of†30†years†ending†in†June†2030.†Under†the†conditions†in†the†agreement,†the†Group†paid advance†rental†which†is†presented†in†the†balance†sheet†under†Project†under†development, and†has†to†pay†monthly†rental.†The†rental†will†be†increased†every†3†years†at†the†rate†of†15% of†the†latest†rental.†The†agreement†can†be†renewed†for†the†same†period†that†the†lessor can†renew†it†from†the†landlord.†The†lessor†would†obtain†the†rights†of†buildings†and improvements†thereon†at†the†lease†expiration†date.†During†2003,†the†Group†has†not paid†the†lease†payments†under†this†agreement†since†the†project†has†been†temporarily suspended.†The†lease†term†and†conditions†are†under†consideration†to be amended by both parties. (c) The†Group†has†entered†into†three†lease†agreements†with†third†parties†for†construction†of shop†buildings†for†lease†and†shophouses.†Two†land†lease†agreements†were†for†a†period†of thirty†years†ending†in†August†2025†and†in†July†2030,†respectively.†One†other†agreement†is for†a†lease†of†shophouses†for†a†period†of†26†years†ending†in†July†2021.†Under†the conditions†in†the†agreements,†the†Group†has†to†pay†advance†rental†which†are†presented in†the†balance†sheets†under†Property†and†equipment†-†Project†under†development†and guarantee†for†leasehold†right.†In†addition,†the†Group†has†to†pay†monthly†rental which†it†will†be†revised†every†5†years.†The†Group†received†a†refundable†guarantee†deposit amounting†to†Baht†20†million†in†1997†and†will†receive†the†remaining†balance†of†the refundable†guarantee†deposit†amounting†to†Baht†298.6†million†from†the†21st†year†of†lease to†the†30th†year†of†lease.†The†lease†agreements†can†be†renewed†for†a†period†of†not†less than†15†years†though†a†one†year†advance†written†notification†before†expiration.†The†lessor†will obtain†the†ownership†rights†of†buildings†and†improvements†thereon†at†the†lease†expiration†date. (d) In†2003,†the†Group†has†entered†into†a†land†and†building†lease†agreement†with†The†Bureau of†the†Crown†Property†as†lessee.†The†lease†agreement†was†for†a†period†of†thirty†years ending†in†December†2032†which†the†Group†has†to†pay†monthly†rental.†Under†the†conditions in†the†agreement†the†agreement†can†be†renewed†for†another†30†year†period.†The†lessor obtains†the†ownership†rights of building and improvements on the first day of lease.

PAGE

257

(e) In†2002,†the†Company†has†entered†into†a†lease†agreement†of†Central†Plaza†Pinklao†shopping center†building†with†a†related†company,†Thai†Business†Fund†2.†The†lease†agreement†is†for a†period†of†3†years†ending†in†December†2004.†Under†the†conditions†in†the†agreement, the†Company†has†to†pay†monthly†rental.†The†rental†rate†can†be†revised†either†up†or†down†from January†2003,†at†a†rate†not†exceeding†15%†of†the†average†rental†of†the†previous†year. The†agreement†can†be†renewed†for†a†3-year†period†at†a†time†but†not†over†10†years†in†total. To†warrant†the†Company's†performance†regarding†its†obligations†under†this†agreement, the†Company†transferred†its†right†on†the†land†where†the†shopping†center†was†located†and Central†Realty†Service†Company†Limited,†a†subsidiary,†mortgaged its utility systems as collateral.

31. Interest in joint venture The†following†amounts†represent†the†Group's†share†of†the†assets†and†liabilities†and†revenue and†expenses†of†the†joint†ventures†which†are†included†in†the†consolidated†balance†sheets†and income statements:

Baht'000 Consolidated 2003 2002 Current assets Non-current assets Current liabilities Non-current liabilities Revenues Expenses Profit before tax Taxation Net profit

515,792 507,860 1,639,507 1,672,645 ( 190,968) ( 85,876) ( 1,140,397) ( 1,197,521)

( ( ( (

439,640 433,484 455,110) ( 404,412) 15,470) 29,072 16,776) ( 18,692) 32,246) 10,380

The†average†number†of†employees†in†joint†ventures†in†2003†was†96†persons†(2002†:†89†persons).

PAGE

258

Litigation of Joint Venture In†1999,†a†joint†venture†has†co-instituted†a†case†to†the†Arbiter†of†Ministry†of†Justice†and claimed†compensation†and†damage†from†2†local†companies†for†breach†of†a†construction†contract. Both†parties†have†claimed†compensation.†The†joint†venture†claimed†for†compensation†amounting to†Baht†1,518†million†(the†proportionate†interest†for†the†Company†is†Baht†821†million)†while†the other†parties†claimed†a†total†of†Baht†488†million†against†the†joint†venture†(the†proportionate interest for the Company is Baht 295 million). On†27†November†2003,†the†Arbiter†of†Ministry†of†Justice†gave†a†verdict†in†favor†of†other parties.†The†joint†venture†has†to†pay†the†counter†parties†Baht†273†million,†with†an†impact†on†net profit†of†Baht†61†million†(the†Company's†proportion†is†Baht†37†million).†Provision†had†been†fully†set up for this amount, however, further legal proceeding by the Group is under consideration.

32. Information on quality of assets The†quality†of†assets†classified†in†accordance†with†the†guidelines†of†the†Securities†Exchange Commission as at 31 December 2003 and 2002 are as follows; Investment in equity securities

Number

Conpanies which have defaulted on interest payment

Consolidated 2003 Cost Net asset Allowance Number value Baht'000 Baht'000 Baht'000

3 131,647 (156,152) (131,647) 3 131,647 (156,152) (131,647)

2002 Net asset Allowance value Baht'000 Baht'000 Baht'000 Cost

3 131,647 (116,999) (103,911) 3 131,647 (116,999) (103,911)

The†net†asset†value†is†derived†from†net†asset†value†attributable†to†the†Group,†based†on†the audited†financial†statements†as†at†31†December†2002†(2002†:†based†on†the†audited†financial statements as at 31 December 2001).

33. Post balance sheet events On†25†February†2004,†the†Board†of†Directors†passed†a†resolution†to†set†aside†net†profit amounting to Baht 17,857,100 as a legal reserve. On†25†February†2004,†these†financial†statements†were†approved†by†the†Board†of†Directors.

PAGE

√“¬™◊ËÕ‚§√ß°“√¿“¬„µâ°“√∫√‘À“√ß“π¢Õß∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) 1. »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ æ≈“´“ ≈“¥æ√â“« ºŸâ®—¥°“√»Ÿπ¬å°“√§â“ : §ÿ≥¿—∑√“ ∑√—æ¬ª√–¿“ ∑’ËÕ¬Ÿà : 1693 ∂ππæÀ≈‚¬∏‘π ·¢«ß≈“¥¬“« ‡¢µ®µÿ®—°√ °√ÿß‡∑æœ 10900 ‚∑√»—æ∑å : + 66 (0) 2937-1555 ‚∑√ “√ : + 66 (0) 2541-1341

2. »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ æ≈“´“ √“¡Õ‘π∑√“ ºŸâ®—¥°“√»Ÿπ¬å°“√§â“ : §ÿ≥‡©≈‘¡æ≈ ‚æ∏‘«‘À§ ∑’ËÕ¬Ÿà : 109/10 À¡Ÿà 3 ∂ππ√“¡Õ‘π∑√“ ·¢«ßÕπÿ‡ “«√’¬å ‡¢µ∫“ß‡¢π °√ÿß‡∑æœ 10220 ‚∑√»—æ∑å : + 66 (0) 2552-5503 ‚∑√ “√ : + 66 (0) 2552-5499

3. »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ ´‘µ’È ∫“ßπ“ ºŸâ®—¥°“√»Ÿπ¬å°“√§â“ : Õ∏‘«ÿ≤‘ ÿ«√√≥®‘π¥“ ∑’ËÕ¬Ÿà : 1091,1093 À¡Ÿà 12 ∂ππ∫“ßπ“-µ√“¥ ·¢«ß∫“ßπ“ ‡¢µ∫“ßπ“ °√ÿß‡∑æœ 10260 ‚∑√»—æ∑å : + 66 (0) 2361-0888 ‚∑√ “√ : + 66 (0) 2398-8941

4. »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ æ≈“´“ ªîòπ‡°≈â“ ºŸâ®—¥°“√»Ÿπ¬å°“√§â“ : Õ—≠™≈’ æ—≤πÕπ—πµå ÿ¢ ∑’ËÕ¬Ÿà : 7/222 ∂ππ∫√¡√“™™ππ’ ·¢«ßÕ√ÿ≥Õ—¡√‘π∑√å ‡¢µ∫“ß°Õ°πâÕ¬ °√ÿß‡∑æœ 10700 ‚∑√»—æ∑å : + 66 (0) 2884-8100 ‚∑√ “√ : + 66 (0) 2884-8486

5. »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ æ≈“´“ æ√–√“¡ 2 ºŸâ®—¥°“√»Ÿπ¬å°“√§â“ : §ÿ≥ª≥‘¥“ ÿ¢»√’¥“°ÿ≈ ∑’ËÕ¬Ÿà : 128 À¡Ÿà 6 ∂ππæ√–√“¡ 2 ·¢«ß· ¡¥” ‡¢µ∫“ß¢ÿπ‡∑’¬π °√ÿß‡∑æœ 10150 ‚∑√»—æ∑å : + 66 (0) 2866-4300 ‚∑√ “√ : + 66 (0) 2872-4560

6. »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ æ≈“´“ √—™¥“-æ√–√“¡ 3 ºŸâ®—¥°“√»Ÿπ¬å°“√§â“ : §ÿ≥∏‘¥“ ·°â«Õ—¡æ√ ∑’ËÕ¬Ÿà : 79 ∂ππ “∏ÿª√–¥‘…∞å ·¢«ß™àÕßππ∑√’ ‡¢µ¬“ππ“«“ °√ÿß‡∑æœ 10900 ‚∑√»—æ∑å : + 66 (0) 2673-1333 ‚∑√ “√ : + 66 (0) 2673-6009

7. »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ ‡«‘≈¥å æ≈“´“ ºŸâ®—¥°“√»Ÿπ¬å°“√§â“ : §ÿ≥ª≥—∞ ‰°√‚√®π“π—π∑å ∑’ËÕ¬Ÿà : ‡≈¢∑’Ë 4 ∂ππ√“™¥”√‘Àå ·¢«ßª∑ÿ¡«—π ‡¢µª∑ÿ¡«—π °√ÿß‡∑æœ 10330 ‚∑√»—æ∑å : + 66 (0) 2255-9500 ‚∑√ “√ : + 66 (0) 2255-9767

8. »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ ‡ø µ‘«—≈ ‡´Áπ‡µÕ√å æ—∑¬“ ºŸâ®—¥°“√»Ÿπ¬å°“√§â“ : §ÿ≥∏π ¡∫—µ‘ π‘∑«ß»å ≥ Õ¬ÿ∏¬“ ∑’ËÕ¬Ÿà : 78/54 À¡Ÿà 9 ∂ππæ—∑¬“ “¬ 2 µ.ÀπÕßª√◊Õ Õ.∫“ß≈–¡ÿß ®.™≈∫ÿ√’ 20220 ‚∑√»—æ∑å : + 66 (0) 3836-1443 ‚∑√ “√ + 66 (0) 3836-1443 #1225

9. »Ÿπ¬å°“√§â“‡´Áπ∑√—≈ ·Õ√åæÕ√åµ æ≈“´“ ‡™’¬ß„À¡à ºŸâ®—¥°“√»Ÿπ¬å°“√§â“ : §ÿ≥Õ√™√ ®—π∑√å«‘«—≤π“ ∑’ËÕ¬Ÿà: 2 ∂ππ¡À‘¥≈ µ.À“¬¬“ Õ.‡¡◊Õß ®. ‡™’¬ß„À¡à 50100 ‚∑√»—æ∑å : + 66 (0) 5328-1660-80 ‚∑√ “√ + 66 (0) 5328-1658

10. »Ÿπ¬å°“√§â“√—µπ“∏‘‡∫»√å ∑“«‡´Áπ‡µÕ√å ºŸâ®—¥°“√»Ÿπ¬å°“√§â“ : §ÿ≥«—π‡æÁ≠ °Õ·°â«∫—« ∑’ËÕ¬Ÿà : 68/100 ∂. √—µπ“∏‘‡∫»√å µ. ∫“ß°√– Õ Õ. ‡¡◊Õß ®. ππ∑∫ÿ√’ 11000 ‚∑√»—æ∑å : + 66 (0) 2526-6004 ‚∑√ “√ : + 66 (0) 2526-6092

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Existing Project, Managed by Central Pattana 1. CENTRAL PLAZA LARDPRAO General Manager : Pattra Sapyaprapa Address : 1693 Phaholyothin Road, Lardyao, Chatuchak, Bangkok 10900 Tel : + 66 (0) 2937-1555 Fax : + 66 (0) 2541-1341

2. CENTRAL PLAZA RAMINDRA General Manager : Chaletrmphol Photivihok Address : 109/10 Moo 3 , Ramindra Road, Bangkhen, Bangkok 10220 Tel : + 66 (0) 2552-5503 Fax : + 66 (0) 2552 - 5499

3. CENTRAL CITY BANGNA General Manager : Athivut Suwanchinda Address : 1091, 1093 Moo 12 Bangna-Trad (KM3), Bangna, Bangkok 10260 Tel : + 66 (0) 2361-0888 Fax : + 66 (0) 2398-8941

4. CENTRAL PLAZA PINKLAO General Manager : Ancharee Pattanaanunsuk Address : 7/222 Baromrachachonnanee Road, Bankoknoi, Bangkok 10700 Tel : + 66 (0) 2884-8100 Fax : + 66 (0) 2884-8486

5. CENTRAL PLAZA RAMA II General Manager : Panida Sooksridakul Address : 128 Moo 6 Rama 2 Road, Samaedum, Bangkhuntian , Bangkok 10150 Tel : + 66 (0) 2866-4300 Fax : + 66 (0) 2872-4560

6. CENTRAL PLAZA RATCHADA RAMA III General Manager : Thida Kaewumporn Address : 79 Sathupradit Road, Chongnonsee, Yannawa, Bangkok 10120 Tel : + 66 (0) 2673-6000 Fax : + 66 (0) 2673-6009

7. CENTRAL WORLD PLAZA General Manager : Panat Krairojananan Address : 4 Ratchadumri Road, Patumwan, Bangkok 10330 Tel : + 66 (0) 2255-9500 Fax : + 66 (0) 2255-9767

8. CENTRAL FESTIVAL CENTER PATTAYA General Manager : Thanasombat Sanitwonge Address : 78/54 Moo 9, Pattaya 2 Road, Banglamung, Chonburi 20220 Tel : + 66 (0) 3836-1443 Fax : + 66 (0) 3836-1443 #1225

9. CENTRAL AIRPORT PLAZA CHIANGMAI General Manager : Orachorn Chanwiwattana Address : 2 Mahidol Road, Haiya, Muang, Chiangmai 50100 Tel : + 66 (0) 5328-1660-80 Fax : + 66 (0) 5328-1658

10. RATTANATIBAT TOWN CENTER General Manager : Wanphen Kawbuakaew Address : 68/100 Rattanatibat Road, Bangkrasor, Muang, Nontaburi 11000 Tel : + 66 (0) 2526-6004 Fax : + 66 (0) 2526-6092

CENTRAL PATTANA ANNUAL REPORT 2003