Ple 05 by Brother Roger

➣ “√∫—≠ ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π‚¥¬ √ÿª 2 “ åπ®“°§≥–°√√¡°“√∫√‘…—∑ 3 √“¬ß“π§≥–°√√¡°“√µ√«® Õ∫ 4 ¢âÕ¡Ÿ≈∑—Ë«‰ª 5 ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘® 6 - ¿“æ√«¡°“√ª√–°Õ∫∏ÿ√°‘® 7 - ‚§√ß √â“ß√“¬‰¥â 9 °“√µ≈“¥·≈–¿“«–°“√·¢àß¢—π 10 √“¬°“√√–À«à“ß°—π 10 ªí®®—¬§«“¡‡ ’Ë¬ß 11 ‚§√ß √â“ß°“√∂◊ÕÀÿâπ·≈–°“√®—¥°“√ 13 - ºŸâ∂◊ÕÀÿâπ 13 - °“√®—¥°“√ 14 §”Õ∏‘∫“¬·≈–°“√«‘‡§√“–Àå∞“π–°“√‡ß‘π ·≈–º≈°“√¥”‡π‘πß“π 22 √“¬ß“π§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√∫√‘…—∑ µàÕ√“¬ß“π∑“ß°“√‡ß‘π 24 §à“µÕ∫·∑π¢ÕßºŸâ Õ∫∫—≠™’ 25 √“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ ·≈–ß∫°“√‡ß‘π 26

➣ Contents Financial Highlights Message from the Board of Directors Audit Committeeûs Report General Information Nature of Business - Overall Business Operation - Revenue Structure Conditions and Competition in the Construction Industry Related Party Transactions Risk Factors Structure of Shareholding and Management - Shareholders - Management Management Discussion and Analysis The Board of Directorsû Obligation for Financial Statements The Auditorûs Remuneration Report of Certified Public Accountant and Financial Statement

61 62 63 64 65 66 68 69 69 70 72 72 73 81 83 84 85

Annual Report 2005

¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π‚¥¬ √ÿª 2548

2547

2546

√“¬‰¥â®“°°“√„Àâ∫√‘°“√

(≈â“π∫“∑)

5,248

4,215

1,537

°”‰√¢—Èπµâπ

(≈â“π∫“∑)

708

529

296

°”‰√ ÿ∑∏‘

(≈â“π∫“∑)

241

276

124

‘π∑√—æ¬å√«¡

(≈â“π∫“∑)

5,426

2,803

1,633

Àπ’È ‘π√«¡

(≈â“π∫“∑)

2,270

1,555

789

à«π¢ÕßºŸâ∂◊ÕÀÿâπ

(≈â“π∫“∑)

3,156

1,248

845

∑ÿπ®¥∑–‡∫’¬π™”√–·≈â«

(≈â“π∫“∑)

503

269

210

¡Ÿ≈§à“∑’Ëµ√“‰«âµàÕÀÿâπ*

(∫“∑)

°”‰√ ÿ∑∏‘µàÕÀÿâπ

(∫“∑)

0.60

1.15

0.59

¡Ÿ≈§à“µ“¡∫—≠™’µàÕÀÿâπ

(∫“∑)

6.27

4.64

3.76

Õ—µ√“°”‰√¢—Èπµâπ

(√âÕ¬≈–)

13.49

12.56

19.28

Õ—µ√“°”‰√ ÿ∑∏‘µàÕ√“¬‰¥â√«¡

(√âÕ¬≈–)

4.59

6.53

7.97

Õ—µ√“º≈µÕ∫·∑π®“° ‘π∑√—æ¬å√«¡

(√âÕ¬≈–)

4.46

9.85

8.69

Õ—µ√“º≈µÕ∫·∑πµàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ

(√âÕ¬≈–)

7.71

22.13

15.36

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Annual Report 2005

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π“¬∑–‡∫’¬πÀ≈—°∑√—æ¬å ™◊ËÕ∫√‘…—∑ ∑’Ëµ—Èß ”π—°ß“π ‚∑√»—æ∑å ‚∑√ “√

: ∫√‘…—∑ »Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ : ‡≈¢∑’Ë 62 Õ“§“√µ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ∂ππ√—™¥“¿‘‡…° ·¢«ß§≈Õß‡µ¬ ‡¢µ§≈Õß‡µ¬ °√ÿß‡∑æ¡À“π§√ 10110 : 0-2229-2800, 0-2654-5999 : 0-2359-1262-3

ºŸâ Õ∫∫—≠™’ ™◊ËÕºŸâ Õ∫∫—≠™’ ™◊ËÕ∫√‘…—∑ ∑’Ëµ—Èß ”π—°ß“π ‚∑√»—æ∑å ‚∑√ “√

: π“¬«‘™—¬ ®µÿ√“ππ∑å ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ‡≈¢∑’Ë 1431 À√◊Õ π“¬ª√–¥‘…∞å √Õ¥≈Õ¬∑ÿ°¢å ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ‡≈¢∑’Ë 218 : ∫√‘…—∑ ‡Õ‡Õ ∑’ ¡“ ‡µÕ√å ®”°—¥ : ‡≈¢∑’Ë 790/12 ∑ÕßÀ≈àÕ∑“«‡«Õ√å ´Õ¬∑ÕßÀ≈àÕ 18 ∂ππ ÿ¢ÿ¡«‘∑ 55 ·¢«ß§≈Õßµ—π ‡¢µ§≈Õß‡µ¬ °√ÿß‡∑æ¡À“π§√ 10110 : 0-2714-8842-3, 0-2381-8016-7 : 0-2381-5716

Annual Report 2005

≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘® ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ®¥∑–‡∫’¬π®—¥µ—Èß‡ªìπ∫√‘…—∑®”°—¥ ‡¡◊ËÕ«—π∑’Ë 8 °√°Æ“§¡ 2531 ‡æ◊ËÕª√–°Õ∫ ∏ÿ√°‘®„Àâ∫√‘°“√ÕÕ°·∫∫ ®—¥À“ ·≈–√—∫‡À¡“µ‘¥µ—Èßß“π√–∫∫«‘»«°√√¡ ”À√—∫Õ“§“√ ”π—°ß“π Õ“§“√æ“≥‘™¬å ∑’ËÕ¬ŸàÕ“»—¬ ‚√ß·√¡ ‚√ßæ¬“∫“≈ »Ÿπ¬å°“√§â“ ‚√ßß“πÕÿµ “À°√√¡ ‡ªìπµâπ ∫√‘…∑— ‰¥â∑”°“√®¥∑–‡∫’¬π·ª√ ¿“æ‡ªìπ∫√‘…∑— ¡À“™π®”°—¥ ‡¡◊ÕË «—π∑’Ë 29 ‘ßÀ“§¡ 2545 ·≈–®¥∑–‡∫’¬π‡æ‘¡Ë ∑ÿπ®¥∑–‡∫’¬π®“°‡¥‘¡ 160,000,000 ∫“∑ ‡ªìπ 210,000,000 ∫“∑ ª√–°Õ∫¥â«¬Àÿπâ “¡—≠®”π«π 42,000,000 Àÿâπ ¡Ÿ≈§à“∑’Ëµ√“‰«âÀÿâπ≈– 5 ∫“∑ ·≈–π”Àÿâπ “¡—≠‡¢â“‡ªìπÀ≈—°∑√—æ¬å®¥∑–‡∫’¬π„πµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ‚¥¬Àÿâπ “¡—≠ ¢Õß∫√‘…—∑‰¥â‡√‘Ë¡∑”°“√´◊ÈÕ¢“¬„πµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬§√—Èß·√°‡¡◊ËÕ«—π∑’Ë 12 ∏—π«“§¡ 2545 ·≈–„π√–¬–‡«≈“∑’Ëºà“π¡“ ∫√‘…—∑‰¥â¡’°“√®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ·≈–‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“Àÿâπ∑’Ëµ√“‰«â¥—ßπ’È ë ‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“Àÿâπ®“°¡Ÿ≈§à“Àÿâπ≈– 5 ∫“∑ ®”π«π 42,000,000 Àÿâπ ‡ªìπ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑ ®”π«π 210,000,000 Àÿâπ ‚¥¬∫√‘…—∑‰¥â®¥∑–‡∫’¬π°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“Àÿâπ “¡—≠°—∫°√–∑√«ßæ“≥‘™¬å·≈â«‡¡◊ËÕ«—π∑’Ë 26 ¡’π“§¡ 2546 ë ‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π¢Õß∫√‘…—∑®“° 210,000,000 ∫“∑ ‡ªìπ 315,000,000 ∫“∑ (·∫àß‡ªìπÀÿâπ “¡—≠®”π«π 315,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑) ‚¥¬ÕÕ°·≈–®—¥ √√Àÿâπ “¡—≠‡æ‘Ë¡∑ÿπ®”π«π 105,000,000 Àÿâπ ¡Ÿ≈§à“∑’Ëµ√“‰«âÀÿâπ≈– 1 ∫“∑ ‡æ◊ËÕ √Õß√—∫°“√„™â ‘∑∏‘µ“¡„∫ ”§—≠· ¥ß ‘∑∏‘®”π«π 105,000,000 Àπà«¬ ∫√‘…—∑‰¥â®¥∑–‡∫’¬π°“√‡ª≈’Ë¬π·ª≈ß°“√‡æ‘Ë¡∑ÿπ¥—ß °≈à“«°—∫°√–∑√«ßæ“≥‘™¬å·≈â«‡¡◊ËÕ«—π∑’Ë 2 ‡¡…“¬π 2546 ·≈–ÕÕ°„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠®”π«π 105,000,000 Àπà«¬ „π√“§“‡ πÕ¢“¬ 0 ∫“∑ µàÕÀπà«¬ „Àâ·°àºŸâ∂◊ÕÀÿâπ‡¥‘¡„πÕ—µ√“ à«π 2 Àÿâπ‡¥‘¡µàÕ 1 Àπà«¬„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕ Àÿâπ “¡—≠ ‚¥¬ºŸâ∂◊Õ„∫ ”§—≠· ¥ß ‘∑∏‘ “¡“√∂®–´◊ÈÕÀÿâπ “¡—≠‰¥â 1 Àπà«¬µàÕ 1 Àÿâπ “¡—≠„π√“§“ 4 ∫“∑ „∫ ”§—≠· ¥ß ‘∑∏‘¡’Õ“¬ÿ 3 ªï π—∫®“°«—π∑’ËÕÕ°„∫ ”§—≠· ¥ß ‘∑∏‘ ë „∫ ”§—≠· ¥ß ‘∑∏‘ °”Àπ¥°“√„™â ∑‘ ∏‘§√—ßÈ ·√°„π«—π∑’Ë 30 °—π¬“¬π 2546 ·≈–§√—ßÈ µàÕÊ ‰ª„π«—π∑”°“√ ÿ¥∑â“¬¢Õß‡¥◊Õπ¡’π“§¡ ¡‘∂ÿπ“¬π °—π¬“¬π ·≈–∏—π«“§¡ µ≈Õ¥Õ“¬ÿ¢Õß„∫ ”§—≠· ¥ß ‘∑∏‘ ·≈–§√—Èß ÿ¥∑â“¬µ√ß°—∫«—π∑’Ë 11 ¡‘∂ÿπ“¬π 2549 ë „πªï 2547 ‡æ◊ÕË ‡ªìπ°“√¢¬“¬∏ÿ√°‘®¢Õß∫√‘…∑— §≥–°√√¡°“√∫√‘…∑— ‰¥â Õπÿ¡µ— „‘ Àâ∫√‘…∑— √à«¡≈ß∑ÿπ„π‚§√ß°“√ √â“ß‚√ß‰øøÑ“√à«¡ (Biomass Co-gen Power Plant Project) ‡æ◊ËÕº≈‘µ°√–· ‰øøÑ“·≈–‰ÕπÈ” °”≈—ß°“√º≈‘µ¢π“¥ 9.9 ‡¡°–«—µµå ‚¥¬„™â·°≈∫ ‡ªìπ‡™◊ÈÕ‡æ≈‘ß∑’ËÕ”‡¿Õ∑à“‡√◊Õ ®—ßÀ«—¥æ√–π§√»√’Õ¬ÿ∏¬“ ¥”‡π‘π°“√¢ÕÕπÿ≠“µ®—¥µ—Èß∫√‘…—∑„À¡à ™◊ËÕ∫√‘…—∑ ‡æ“‡«Õ√åæ√Õ ‡æ§ ®”°—¥ ®¥∑–‡∫’¬π∫√‘…—∑‡¡◊ËÕ«—π∑’Ë 23 æƒ»®‘°“¬π 2547 ‚¥¬∫√‘…—∑œ ‡¢â“√à«¡∂◊ÕÀÿâπ„πÕ—µ√“ à«π 55% ∫√‘…—∑ æ√Õ ·æ§ ®”°—¥ 40% ·≈–ºŸâ∫√‘À“√‚§√ß°“√ 5% ‚¥¬§Ÿà —≠≠“‰¡à¡’§«“¡‡°’Ë¬«‚¬ß·≈–§«“¡ —¡æ—π∏å°—∫∫√‘…—∑œ ë ªï2548 „π‡¥◊Õπ¡’π“§¡ ∫√‘…—∑‰¥â‡¢â“√à«¡∑ÿπ„π∫√‘…—∑ ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) ®”°—¥ (Today) ‡æ◊ËÕª√–°Õ∫°‘®°“√ ‚√ß·√¡∑’Ë®—ßÀ«—¥¿Ÿ‡°Áµ ‚¥¬∫√‘…—∑‡¢â“∂◊ÕÀÿâπ„π —¥ à«π√âÕ¬≈– 20 ¢Õß∑ÿπ®¥∑–‡∫’¬π¢Õß Today ‡ªìπ‡ß‘π®”π«π 50 ≈â“π∫“∑ (¢Õß∑ÿπ®¥∑–‡∫’¬π√«¡ 250 ≈â“π) ‚¥¬∫√‘…—∑®–‰¥â‡ªìπºŸâ√—∫‡À¡“ß“π°àÕ √â“ß‚√ß·√¡∑—ÈßÀ¡¥¥â«¬ ë ‡æ◊ËÕ‡ªìπ°“√‡æ‘Ë¡»—°¬¿“æ„π°“√¥”‡π‘π∏ÿ√°‘®‡æ‘Ë¡¢÷Èπ ∑—Èß°“√√—∫‡À¡“ß“π°àÕ √â“ß ∑—Èß¿“§√—∞ ·≈–‡Õ°™π ∫√‘…—∑ ¡§«√∑’Ë®– ¡’∑ÿπ®¥∑–‡∫’¬π Ÿß°«à“ 500 ≈â“π∫“∑ ‚¥¬‡¡◊ËÕ«—π∑’Ë 12 ‡¡…“¬π 2548 ∫√‘…—∑‰¥â‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π®“°‡¥‘¡ 315 ≈â“π∫“∑ ‡ªìπ 630 ≈â“π∫“∑ ·µà‡π◊ËÕß®“°¡’ºŸâ¡“„™â ‘∑∏‘„π°“√‡æ‘Ë¡∑ÿπ‰¡à§√∫ „π«—π∑’Ë 12 ¡°√“§¡ 2549 ∫√‘…—∑®÷ß‰¥â¥”‡π‘π°“√≈¥∑ÿπ ®¥∑–‡∫’¬π≈ß‡ªìπ 546,244,889 ∫“∑ ë ‡¡◊ËÕ‡¥◊Õπ¡‘∂ÿπ“¬π 2548 ∫√‘…—∑‰¥â‡¢â“∂◊ÕÀÿâπ√âÕ¬≈– 50 ¢Õß∑ÿπ®¥∑–‡∫’¬π¢Õß ∫√‘…—∑ ‡∑§‡πÕ√å ®”°—¥ ‡ªìπ‡ß‘π 5 ≈â“π∫“∑ (¢Õß∑ÿπ®¥∑–‡∫’¬π √«¡ 10 ≈â“π∫“∑) ‡æ◊ËÕ√—∫‡À¡“ß“π°àÕ √â“ß‚§√ß°“√∫â“π‡Õ◊ÈÕÕ“∑√¢Õß°“√‡§À–·Ààß™“µ‘ ‚¥¬§“¥«à“ ®–¡’¡Ÿ≈§à“ß“π√«¡‰¡àπâÕ¬°«à“ 2.2 æ—π≈â“π∫“∑

√“¬ß“πª√–®”ªï 2548 6

¿“æ√«¡°“√ª√–°Õ∫∏ÿ√°‘® ‚§√ß √â“ß°“√∂◊ÕÀÿâπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ∫√‘…—∑¡’°“√∂◊ÕÀÿâπ„π∫√‘…—∑¬àÕ¬ ·≈–∫√‘…—∑Õ◊ËπÊ ´÷Ëß√«¡∂÷ß°‘®°“√√à«¡§â“ ¥—ßπ’È ™◊ËÕ∫√‘…—∑ √âÕ¬≈–°“√∂◊ÕÀÿâπ ª√–‡¿∑∏ÿ√°‘® ∫√‘…∑— ¬àÕ¬ ∫√‘…—∑ ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ ∫√‘…—∑ ‡æ“‡«Õ√åæ√Õ ‡æ§ ®”°—¥ ∫√‘…—∑ ‡∑§‡πÕ√å ®”°—¥

99.99 55.00 50.00

√—∫‡À¡“°àÕ √â“ßß“π‚¬∏“∑—Ë«‰ª º≈‘µ·≈–®”Àπà“¬°√–· ‰øøÑ“·≈–æ≈—ßß“π‰ÕπÈ” √—∫‡À¡“°àÕ √â“ß

∫√‘…—∑√à«¡ ∫√‘…—∑ ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) ®”°—¥

20.00

∏ÿ√°‘®Õ —ßÀ“√‘¡∑√—æ¬å·≈–‚√ß·√¡

75.00

„Àâ∫√‘°“√µ‘¥µ—Èß«— ¥ÿÕÿª°√≥å ‚§√ß°“√ ‚∑√»—æ∑å∑“ß‰°≈™π∫∑√–¥—∫À¡Ÿà∫â“π‚´π 2

50.00

„Àâ∫√‘°“√µ‘¥µ—Èß‡§‡∫‘≈ ·≈–∑àÕ√âÕ¬ “¬ ‚∑√»—æ∑å„µâ¥‘π „Àâ∫√‘°“√µ‘¥µ—Èß‡§‡∫‘≈„µâ¥‘π·√ß Ÿß

°‘®°“√√à«¡§â“ 4 ·Ààß 1. °‘®°“√√à«¡§â“√–À«à“ß ∫√‘…—∑ ‰æ‚Õ‡π’¬√å ‡∑‡≈§Õ¡ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈– ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ 2. °‘®°“√√à«¡§â“ æ’·Õ≈Õ’ ·≈– «“¬.‡§.∑’. 3. ∫√‘…—∑‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ ·≈– ∫√‘…—∑Õ‘µ—≈‰∑¬«‘»«°√√¡ ®”°—¥ √à«¡§â“ 4. °‘®°“√√à«¡§â“ æ’·Õ≈Õ’ ·≈– ‡Õ .∑’.∑’. ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ ∫√‘…—∑ ™à“ß‡À¡“‰øøÑ“·≈–‡§√◊ËÕß°≈‰∑¬ ®”°—¥

50.00 50.00

4.17

„Àâ∫√‘°“√µ‘¥µ—Èß‡§‡∫‘≈·≈–∑àÕ√âÕ¬ “¬ ‚∑√»—æ∑å„µâ¥‘π „Àâ∫√‘°“√ÕÕ°·∫∫ ®—¥À“ ·≈–√—∫‡À¡“µ‘¥µ—Èß ß“π√–∫∫«‘»«°√√¡„πµà“ßª√–‡∑»

¿“æ√«¡°“√ª√–°Õ∫∏ÿ√°‘®¢Õß∫√‘…—∑ ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) (PLE) ∫√‘…—∑ª√–°Õ∫∏ÿ√°‘®„Àâ∫√‘°“√ÕÕ°·∫∫ ®—¥À“ ·≈–√—∫‡À¡“µ‘¥µ—Èßß“π√–∫∫«‘»«°√√¡Õ¬à“ß§√∫«ß®√ √—∫ß“π∑—Èß®“°¿“§‡Õ°™π ·≈–¿“§√—∞ ‚¥¬‡ªìπ∑—ÈßºŸâ√—∫‡À¡“‚¥¬µ√ß (Main Contractor) ·≈–‡ªìπºŸâ√—∫‡À¡“™à«ß (Sub-contractor) ´÷Ëßß“π®“°°“√√—∫‡À¡“‚¥¬µ√ß ·≈–√—∫‡À¡“™à«ßπ—ÈπÕ“®®–¡“®“°«‘∏’°“√ª√–¡Ÿ≈ À√◊Õ°“√‡®√®“µàÕ√Õß √«¡∂÷ß°“√√à«¡¡◊Õ°—∫∫√‘…—∑Õ◊Ëπ„π≈—°…≥–°‘®°“√√à«¡§â“ ∫√‘°“√¢Õß∫√‘…—∑ “¡“√∂·∫àßµ“¡≈—°…≥–¢Õß√–∫∫∑’Ëµ‘¥µ—Èß‰¥â‡ªìπ 5 ª√–‡¿∑À≈—° ‰¥â·°à (1) √–∫∫‰øøÑ“ (2) √–∫∫ ◊ËÕ “√‚∑√§¡π“§¡ (3) √–∫∫ª√—∫Õ“°“» (4) √–∫∫ ÿ¢“¿‘∫“≈·≈–√–∫∫ªÑÕß°—πÕ—§§’¿—¬ (5) ß“π°àÕ √â“ß‚¬∏“ ∫√‘…—∑ ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ ∫√‘…—∑ ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (ç¬Ÿπ‘¡“é) ®¥∑–‡∫’¬π®—¥µ—Èß‡¡◊ËÕ«—π∑’Ë 16 °√°Æ“§¡ 2530 ‡æ◊ËÕª√–°Õ∫∏ÿ√°‘®√—∫‡À¡“°àÕ √â“ß ß“π‚¬∏“∑—Ë«‰ª §√Õ∫§≈ÿ¡∂÷ß°“√°àÕ √â“ßÕ“§“√ ”π—°ß“π Õ“§“√æ“≥‘™¬å ‚√ßæ¬“∫“≈ »Ÿπ¬å°“√§â“ ∂“∫—π°“√»÷°…“ ‚√ß·√¡ ∑’Ëæ—° Õ“»—¬ ‚√ßß“πÕÿµ “À°√√¡ ‡ªìπµâπ ‚¥¬¬Ÿπ¡‘ “‡ªìπ∫√‘…∑— ºŸ√â ∫— ‡À¡“∑’¡Ë º’ ≈ß“π°—∫Àπà«¬ß“π√“™°“√À≈“¬·Ààß ‡™àπ °“√ª√–ª“ à«π¿Ÿ¡¿‘ “§ °√–∑√«ß “∏“√≥ ÿ¢ ·≈– °√–∑√«ß¡À“¥‰∑¬ ‡ªìπµâπ ∫√‘…∑— ‰¥â´ÕÈ◊ Àÿπâ “¡—≠¢Õß¬Ÿπ¡‘ “√âÕ¬≈– 99.99 ¢Õß∑ÿπ®¥∑–‡∫’¬π „π‡¥◊Õπ°—π¬“¬π 2543 ‚¥¬¡’«µ— ∂ÿª√– ß§å‡æ◊ÕË ¢¬“¬°“√ª√–°Õ∫ ∏ÿ√°‘®¢Õß∫√‘…—∑¥â“πß“π°àÕ √â“ß‚¬∏“ „π‡¥◊Õπ¡‘∂ÿπ“¬π 2548 ∫√‘…—∑‰¥â®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ®“°‡¥‘¡ 60 ≈â“π∫“∑ ‡ªìπ 300 ≈â“π∫“∑ 7

Annual Report 2005

∫√‘…—∑ ‡æ“‡«Õ√åæ√Õ ‡æ§ ®”°—¥ ∫√‘…—∑ ‡æ“‡«Õ√åæ√Õ ‡æ§ ®”°—¥ ®¥∑–‡∫’¬π‡¡◊ËÕ«—π∑’Ë 23 æƒ»®‘°“¬π 2547 ¡’∑ÿπ®¥∑–‡∫’¬π‡√‘Ë¡µâπ 10 ≈â“π∫“∑ ª√–°Õ∫ °‘®°“√‚√ßß“πº≈‘µ°√–· ‰øøÑ“¥â«¬«—µ∂ÿ¥‘∫∏√√¡™“µ‘ ®”Àπà“¬°√–· ‰øøÑ“·≈–®”Àπà“¬æ≈—ßß“π‰ÕπÈ” ‚¥¬‡æ“‡«Õ√åæ√Õ ‡æ§‡ªìπ ∫√‘…—∑∑’Ë‡°‘¥®“°∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑œ §√—Èß∑’Ë 5 ‡¡◊ËÕ«—π∑’Ë 19 µÿ≈“§¡ 2547 ¡’¡µ‘„Àâ √à«¡∑ÿπ¥”‡π‘π°“√‚§√ß°“√°àÕ √â“ß‚√ß ‰øøÑ“√à«¡ (Biomass Co-gen Power Plant Project) √–À«à“ß∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) 55% ∫√‘…—∑ æ√Õ ·æ§ ®”°—¥ ª√–°Õ∫∏ÿ√°‘®√—∫®â“ßº≈‘µ ·≈–®”Àπà“¬º≈‘µ¿—≥±åæ≈“ µ‘° ‡§√◊ËÕß„™âæ≈“ µ‘° ·≈–™‘Èπ à«πæ≈“ µ‘°∑ÿ°™π‘¥ ·≈–‡ªìπ‡®â“¢Õß ‚√ß ’π§√À≈«ß “¢“ 1 µ—ÈßÕ¬ŸàÕ”‡¿Õ∑à“‡√◊Õ ®—ßÀ«—¥æ√–π§√»√’Õ¬ÿ∏¬“ 40% ·≈–ºŸâ∫√‘À“√‚§√ß°“√ §◊Õπ“¬æß…å»—°¥‘Ï ‡≈’È¬ß»‘√‘ ‡ªìπºŸâ¡’ §«“¡ “¡“√∂∑“ß¥â“π«‘»«°√√¡ ·≈–¡’ª√– ∫°“√≥å¥“â πæ—≤π“‚§√ß°“√‰øøÑ“™’«–¡«≈ 5% ´÷ßË ¥√ß‰øøÑ“π’®È –¡’°”≈—ß°“√º≈‘µ¢π“¥ 9.9 ‡¡°°–«—µµå ‚¥¬„™â·°≈∫ ‡ªìπ‡™◊ÈÕ‡æ≈‘ß ∫√‘…—∑ ‡∑§‡πÕ√å ®”°—¥ ∫√‘…—∑ ‡∑§‡πÕ√å ®”°—¥ (TC) ®¥∑–‡∫’¬π‡¡◊ËÕ«—π∑’Ë 9 ¡’π“§¡ 2533¡’∑ÿπ®¥∑–‡∫’¬π 10 ≈â“π∫“∑ ª√–°Õ∫ ∏ÿ√°‘®√—∫‡À¡“°àÕ √â“ß ∑’Ëµ—Èß 140 ™—Èπ 10 Õ“§“√ «—π ·ª´‘øî§ ‡æ≈ ¬Ÿπ‘§ 1001 ∂ππ ÿ¢ÿ¡«‘∑ ·¢«ß§≈Õß‡µ¬ ‡¢µ§≈Õß‡µ¬ °√ÿß‡∑æ¡À“π§√ 10110 ‚¥¬∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ¡’¡µ‘®“°∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑ §√—Èß∑’Ë 4/2548 ‡¡◊ËÕ«—π∑’Ë 4 ¡‘∂ÿπ“¬π 2548 Õπÿ¡—µ‘„Àâ √à«¡≈ß∑ÿπ„π∫√‘…—∑ ‡∑§‡πÕ√å ®”°—¥ TC ‡¢â“∂◊ÕÀÿâπ„π —¥ à«π√âÕ¬≈– 50 ¢Õß∑ÿπ®¥∑–‡∫’¬π¢Õß TC ‡ªìπ®”π«π«ß‡ß‘π 5 ≈â“π∫“∑ ‰¥â ®à“¬™”√–‡ß‘π≈ß∑ÿπ·≈–√—∫‚ÕπÀÿâπ¢Õß TC ´÷Ëß®–∑”„Àâ TC ‡ªìπ∫√‘…—∑¬àÕ¬¢Õß PLE ‡æ◊ËÕ√—∫ß“π®“°°“√‡§À–·Ààß™“µ‘‚§√ß°“√∫â“π‡Õ◊ÈÕ Õ“∑√ ®“°°“√‡§À–·Ààß™“µ‘ ‚¥¬ PLE ‡ªìπºŸâ§È”ª√–°—π«ß‡ß‘π ‘π‡™◊ËÕ Letter of Garantee „Àâ°—∫ TC 100%„π«ß‡ß‘π‰¡à‡°‘π 2,000 ≈â“π ∫“∑ º≈ª√–‚¬™πå∑’Ë PLE ®–‰¥â√—∫®–‡ªìπ√“¬‰¥âº≈°”‰√·≈–‡ß‘πªíπº≈µ“¡ —¥ à«π¢ÕßºŸâ∂◊ÕÀÿâπ´÷Ëß§“¥«à“®–‰¥â√—∫π—∫®“°ªï 2548 ®π∂÷ßªï 2550 ∫√‘…—∑ ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) ®”°—¥ ∫√‘…—∑ ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) ®”°—¥ (Today) ®¥∑–‡∫’¬π®—¥µ—Èß ‡¡◊ËÕ«—π∑’Ë 27 ‘ßÀ“§¡ 2546 ‚¥¬¡’ ∂“πª√–°Õ∫°“√®¥ ∑–‡∫’¬πÕ¬Ÿà∑’Ë 9/151 À¡Ÿà 6 ∂πππ“«ßª√–™“æ—≤π“ ·¢«ß ’°—π ‡¢µ¥Õπ‡¡◊Õß °√ÿß‡∑æ¡À“π§√ 10210 ‡æ◊ËÕª√–°Õ∫∏ÿ√°‘®„Àâ‡™à“·≈– ¢“¬æ◊πÈ ∑’»Ë πŸ ¬å°“√§â“·≈–Õ“§“√æ“≥‘™¬å ·≈–ª√–°Õ∫°‘®°“√‚√ß·√¡¿Ÿ‡°Áµª“√“¥’ ‚¥¬¡µ‘∑ªË’ √–™ÿ¡¢Õß§≥–°√√¡°“√∫√‘…∑— ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) §√—Èß∑’Ë 2 / 2548 ‡¡◊ËÕ«—π∑’Ë 29 ¡’π“§¡ 2548 Õπÿ¡—µ‘„Àâ√à«¡≈ß∑ÿπ„π Today ‚¥¬‡¢â“∂◊ÕÀÿâπ„π —¥ à«π√âÕ¬≈– 20 ¢Õß∑ÿπ®¥∑–‡∫’¬π¢Õß Today ‡ªìπ‡ß‘π®”π«π 50 ≈â“π∫“∑ (¢Õß∑ÿπ®¥∑–‡∫’¬π√«¡ 250 ≈â“π∫“∑) ∫√‘…—∑‰¥â√—∫°“√‚ÕπÀÿâπ®”π«π ¥—ß°≈à“«·≈â« º≈ª√–‚¬™πå∑’Ë∫√‘…—∑®–‰¥â√—∫®“°°“√≈ß∑ÿπ®–‡ªìπ√“¬‰¥â º≈°”‰√ ·≈–‡ß‘πªíπº≈µ“¡ —¥ à«π¢ÕßºŸâ∂◊ÕÀÿâπ ´÷Ëß§“¥«à“®– ‰¥â√—∫π—∫®“°ªï 2549 ‡ªìπµâπ‰ª πÕ°®“°π—Èπ ∫√‘…—∑¬—ß‰¥â‡ªìπºŸâ√—∫‡À¡“ß“π°àÕ √â“ß‚√ß·√¡¿Ÿ‡°Áµª“√“¥’ ∑’Ë®—ßÀ«—¥¿Ÿ‡°Áµ ¡Ÿ≈§à“ß“π 450 ≈â“π∫“∑ ´÷Ëß§“¥«à“®–°àÕ √â“ß·≈â«‡ √Á®„π‡¥◊Õπ°—π¬“¬π 2549 π’È ∫√‘…—∑‰¥â√à«¡≈ß∑ÿπ„π°‘®°“√√à«¡§â“ 4 ·Ààß 1. √à«¡≈ß∑ÿπ °—∫ ∫√‘…—∑ ‰æ‚Õ‡π’¬√å ‡∑‡≈§Õ¡ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ‚¥¬„™â™◊ËÕ«à“ ç°‘®°“√√à«¡§â“√–À«à“ß ∫√‘…—∑ ‰æ‚Õ‡π’¬√å ‡∑‡≈ §Õ¡ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈– ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥é „π —¥ à«π√âÕ¬≈– 75 µ—Èß·µà«—π∑’Ë 11 ‡¡…“¬π 2543 ‡æ◊ËÕ„Àâ∫√‘°“√µ‘¥µ—Èß«— ¥ÿÕÿª°√≥å ‚§√ß°“√‚∑√»—æ∑å “∏“√≥–∑“ß‰°≈™π∫∑√–¥—∫À¡Ÿà∫â“π‚´π 2 ®”π«π 10,000 ‡≈¢À¡“¬ §√Õ∫§≈ÿ¡¿“§‡Àπ◊Õ ¿“§°≈“ß ¿“§„µâµÕπ∫π ·≈–¿“§„µâµÕπ≈à“ß √«¡ 21 ®—ßÀ«—¥ ‚¥¬‡¢â“√—∫ß“π®“°°‘®°“√√à«¡§â“≈ÁÕ°´‡≈¬å‡æ™√“«ÿ∏ ºŸ√â ∫— ‡À¡“À≈—°´÷ßË √—∫ß“π‚¥¬µ√ß®“°Õß§å°“√‚∑√»—æ∑å·Ààßª√–‡∑»‰∑¬ (ªí®®ÿ∫π— §◊Õ∫√‘…∑— ∑»∑ §Õ√åªÕ‡√™—πË ®”°—¥ (¡À“™π)) ‚§√ß°“√¡’¡Ÿ≈§à“∑—Èß ‘Èπ 440 ≈â“π∫“∑ ‚¥¬„πªí®®ÿ∫—π °‘®°“√√à«¡§â“œ ‰¥â∑”°“√ àß¡Õ∫ß“π∑—ÈßÀ¡¥‡ √Á® ‘Èπ·≈â« ·≈–Õ¬Ÿà„π¢—ÈπµÕπ °“√‡√’¬°‡°Á∫‡ß‘π ‚¥¬¿“¬À≈—ß®“°°“√¥”‡π‘π°“√∑—ÈßÀ¡¥·≈â«‡ √Á® °‘®°“√√à«¡§â“œ °Á®–∑”°“√™”√–∫—≠™’·≈–‡≈‘°°‘®°“√ 2. √à«¡≈ß∑ÿπ °—∫ ∫√‘…—∑ ¬ÿ§≈∏√§Õ¡¡‘«π‘‡§™—Ëπ ®”°—¥ „™â™◊ËÕ«à“ ç°‘®°“√√à«¡§â“ æ’·Õ≈Õ’ ·≈– «“¬.‡§.∑’.é „π —¥ à«π√âÕ¬≈– 50 µ—Èß·µà «—π∑’Ë 10 ¡’π“§¡ 2546 ‡æ◊ËÕ„Àâ∫√‘°“√µ‘¥µ—Èß‡§‡∫‘≈µâπ∑“ß - ª≈“¬∑“ß ·≈–∑àÕ√âÕ¬ “¬‚∑√»—æ∑å„µâ¥‘π À¡Ÿà∫â“πæƒ°…å¿‘√¡¬å ™ÿ¡ “¬∫“ßæ≈—¥¢Õß∫√‘…∑— ∑»∑ §Õ√åªÕ‡√™—πË ®”°—¥ (¡À“™π) ‚§√ß°“√¡’¡≈Ÿ §à“∑—ßÈ ‘πÈ 4.7 ≈â“π∫“∑ §“¥«à“®–·≈â«‡ √Á®„π‰µ√¡“ ∑’Ë 1 ªï 2547 ‚¥¬ªí®®ÿ∫—π°‘®°“√√à«¡§â“œ ‰¥â∑”°“√ àß¡Õ∫ß“π∑—ÈßÀ¡¥‡ √Á® ‘Èπ·≈â« ·≈–Õ¬Ÿà„π¢—ÈπµÕπ°“√‡√’¬°‡°Á∫‡ß‘π ‚¥¬¿“¬‰≈—ß ®“°°“√¥”‡π‘π°“√∑—ÈßÀ¡¥·≈â«‡ √Á® °‘®°“√√à«¡§â“œ °Á®–∑”°“√™”√–∫—≠™’·≈–‡≈‘°°‘®°“√ ´÷Ëß§“¥«à“®–·≈â«‡ √Á®„π‡¥◊Õπ¡‘∂ÿπ“¬π 2549 3. √à«¡≈ß∑ÿπ °—∫ ∫√‘…—∑ Õ‘µ—≈‰∑¬«‘»«°√√¡ ®”°—¥ „™â™◊ËÕ«à“ ç∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ·≈– ∫√‘…—∑ Õ‘µ—≈‰∑¬ «‘»«°√√¡ ®”°—¥ √à«¡§â“é „π —¥ à«π√âÕ¬≈– 50 µ—Èß·µà«—π∑’Ë 24 ‡¡…“¬π 2546 ‡æ◊ËÕ„Àâ∫√‘°“√µ‘¥µ—Èß‡§‡∫‘≈„µâ¥‘π·√ß Ÿß√–∫∫ 5115 ‡§«’ ∂“π’‰øøÑ“√–¬Õß 2 (°øº.) ∂“π’‰øøÑ“·√ß Ÿß√–¬Õß 2 (°øº.) ¢Õß°“√‰øøÑ“ à«π¿Ÿ¡¿‘ “§ ‚§√ß°“√¡’¡≈Ÿ §à“∑—ßÈ ‘πÈ 38.55 ≈â“π∫“∑ ¥”‡π‘π°“√·≈â«‡ √Á®„π‰µ√¡“ ∑’Ë 3 ªï 2548 §“¥«à“®–∑”°“√™”√–∫—≠™’·≈–‡≈‘°°‘®°“√¿“¬„π‡¥◊Õπ¡‘∂ÿπ“¬π 2549 4. √à«¡≈ß∑ÿπ °—∫ ∫√‘…—∑ »√’‰∑¬ ‡∑‡≈§Õ¡ ®”°—¥ „™â™◊ËÕ«à“ ç°‘®°“√√à«¡§â“ æ’·Õ≈Õ’ ·≈– ‡Õ .∑’.∑’.é „π —¥ à«π√âÕ¬≈– 50 µ—Èß·µà«—π∑’Ë 16 æƒ…¿“§¡ 2546 ‡æ◊ËÕ„Àâ∫√‘°“√µ‘¥µ—Èß‡§‡∫‘≈µâπ∑“ß - ª≈“¬∑“ß ·≈– ∑àÕ√âÕ¬ “¬‚∑√»—æ∑å„µâ¥‘π ™ÿ¡ “¬®√—≈ π‘∑«ß»å¢Õß∫√‘…—∑ ∑»∑ §Õ√åªÕ‡√™—Ëπ ®”°—¥ (¡À“™π) ‚§√ß°“√¡’¡Ÿ≈§à“∑—Èß ‘Èπ 7.4 ≈â“π∫“∑ §“¥«à“®–·≈â«‡ √Á®¿“¬„π‡¥◊Õπ¡‘∂ÿπ“¬π 2549

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99.99 50.00

5,248,696.02 100.00 4,214,875.35 100.00 1,537,078.98 100.00

√“¬‰¥âÕ◊Ëπ

48,942.63

13,567.42

12,042.26

√“¬‰¥â√«¡

5,297,638.65

4,228,442.77

1,549,121.24

Annual Report 2005

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√“¬°“√√–À«à“ß°—π „π√–À«à“ßªï 2547 ·≈– 2548 ∫√‘…—∑¡’√“¬°“√√–À«à“ß°—π°—∫∫ÿ§§≈∑’ËÕ“®¡’§«“¡‡°’Ë¬«¢âÕßÀ√◊Õ à«π‰¥â‡ ’¬°—∫∫√‘…—∑´÷ËßºŸâ Õ∫ ∫—≠™’‰¥â√–∫ÿ‰«â„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 5.

√“¬ß“πª√–®”ªï 2548 10

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1. §«“¡‡ ’Ë¬ß„π°“√æ÷Ëßæ“«‘»«°√ ≈—°…≥–∏ÿ√°‘®¢Õß∫√‘…∑— ‡ªìπ∏ÿ√°‘®∑’µË Õâ ßÕ“»—¬§«“¡√Ÿâ §«“¡ “¡“√∂¢Õß∫ÿ§≈“°√ ‚¥¬‡©æ“–Õ¬à“ß¬‘ßË «‘»«°√„π√–¥—∫ºŸÕâ ”π«¬°“√ ‚§√ß°“√ (Project Director) ºŸâ®—¥°“√‚§√ß°“√ (Project Manager) ·≈–«‘»«°√ºŸâ§«∫§ÿ¡ß“π (Project Engineer) ∑’Ë¡’§«“¡ “¡“√∂„π°“√ §«∫§ÿ¡·≈–∫√‘À“√‚§√ß°“√„Àâª√– ∫º≈ ”‡√Á® °“√ Ÿ≠‡ ’¬«‘»«°√‡À≈à“π’È¬àÕ¡¡’º≈°√–∑∫µàÕ§«“¡ “¡“√∂„π°“√√—∫ß“π·≈–º≈°“√ ¥”‡π‘πß“π¢Õß∫√‘…—∑„πÕπ“§µ

2. §«“¡‡ ’Ë¬ß¥â“π°“√∫√‘À“√®—¥°“√ °“√∑”ß“π¢Õß∫√‘…∑— ®–‡ªìπ≈—°…≥–·¬°‡ªìπÀπà«¬ß“πµà“ßÊ °√–®—¥°√–®“¬‰ªµ“¡æ◊πÈ ∑’‰Ë ¡à‰¥â√«¡‡ªìπ®ÿ¥‡¥’¬« ¥—ßπ—πÈ ·µà≈–Àπà«¬ ß“π®”‡ªìπµâÕßÕ“»—¬∫ÿ§≈“°√‡ªìπÀ≈—° §«“¡‰«â‡π◊ÈÕ‡™◊ËÕ„®∫ÿ§§≈∑’Ë®–‡ªìπºŸâÕ”π«¬°“√·≈–ºŸâ®—¥°“√‚§√ß°“√ ∫“ß§√—Èß¡’§«“¡‡ ’Ë¬ß∂÷ß ·¡â«à“®–¡’√–∫∫§«∫§ÿ¡∑’Ë¥’ ¥—ßπ—Èπ∫√‘…—∑®÷ß¡’π‚¬∫“¬°“√°√–®“¬Õ”π“®„π°“√∫√‘À“√ß“π ‚¥¬¡’§≥–°√√¡°“√∫√‘À“√ ·≈–ºŸâÕ”π«¬ °“√ΩÉ“¬µà“ßÊ ∑’Ë¡’§«“¡√Ÿâ§«“¡ “¡“√∂∑’Ë‡À¡“– ¡‡æ◊ËÕ¥Ÿ·≈„π “¬ß“πµà“ßÊ ∑”„Àâ≈¥§«“¡‡ ’Ë¬ß„π¥â“π°“√∫√‘À“√®—¥°“√≈ß‰¥â

3. §«“¡‡ ’Ë¬ß®“°°“√‡ª≈’Ë¬π·ª≈ß¢Õß√“§“«— ¥ÿ·≈–Õÿª°√≥å ∏ÿ√°‘®„Àâ∫√‘°“√ÕÕ°·∫∫ ®—¥À“ ·≈–√—∫‡À¡“µ‘¥µ—Èßß“π√–∫∫«‘»«°√√¡‡ªìπ∏ÿ√°‘®∑’ËµâÕß‡ πÕ√“§“√—∫‡À¡“·∫∫µ“¬µ—« µ—Èß·µà‡√‘Ë¡ ª√–¡Ÿ≈ß“π®π°√–∑—Ëßß“πµ‘¥µ—Èß·≈â«‡ √Á® „π√–À«à“ßπ—Èπ√“§“¢Õß«— ¥ÿ·≈–Õÿª°√≥åÕ—π‰¥â·°à Õÿª°√≥åÀ≈—°·≈–«— ¥ÿ∑—Ë«‰ª Õ“®¡’°“√ ‡ª≈’Ë¬π·ª≈ß Ÿß¢÷Èπ ´÷Ëß®– àßº≈„Àâ∫√‘…—∑¡’µâπ∑ÿπ„π°“√µ‘¥µ—Èß¢Õß‚§√ß°“√ Ÿß¢÷Èπµ“¡‰ª¥â«¬ ”À√—∫Õÿª°√≥åÀ≈—° ∫√‘…—∑¡’¡“µ√°“√ ·≈–π‚¬∫“¬„π°“√≈¥§«“¡‡ ’Ë¬ß¥â“π√“§“«—µ∂ÿ¥‘∫ ‚¥¬°“√‡®√®“µàÕ√Õß·≈–Õ“»—¬§«“¡ —¡æ—π∏å∑’Ë¥’°—∫ºŸâ®—¥®”Àπà“¬«—µ∂ÿ¥‘∫√“¬ „À≠à·≈–√“¬¬àÕ¬ ‡æ◊ËÕ„Àâ‰¥â√—∫°“√‡ πÕ√“§“´◊ÈÕ≈à«ßÀπâ“´÷Ëß à«π„À≠à®–∂Ÿ°°”Àπ¥„Àâ§ß∑’Ëµ≈Õ¥√–¬–‡«≈“¢Õß‚§√ß°“√ „π à«π¢Õß «— ¥ÿ∑—Ë«‰ª´÷Ëß¡’ºŸâ®—¥®”Àπà“¬À≈“¬√“¬ ∫√‘…—∑®–√«∫√«¡ª√‘¡“≥ —Ëß´◊ÈÕ®“°À≈“¬Ê ‚§√ß°“√ ‡æ◊ËÕ„Àâ¡’Õ”π“®„π°“√µàÕ√Õß·≈–‰¥â√“§“ µâπ∑ÿπµàÕÀπà«¬∑’Ë≈¥≈ß ¥â«¬Õ”π“®°“√µàÕ√Õß∑’Ë¡’§àÕπ¢â“ß Ÿß ∫√‘…—∑®÷ß “¡“√∂√—°…“√–¥—∫√“§“µâπ∑ÿπ„π à«π«— ¥ÿ∑—Ë«‰ª‰¥â„π√–¥—∫∑’Ë ‡À¡“– ¡ ∫√‘…—∑¡’°“√ª√—∫ª√ÿß°“√∫√‘À“√®—¥°“√¥â“π°“√®—¥´◊ÈÕ µ≈Õ¥®π‡«≈“‡æ◊ËÕ„Àâ∑—πµàÕ ∂“π°“√≥å ·≈–‡æ◊ËÕ≈¥§«“¡‡ ’Ë¬ß¢Õß °“√‡ª≈’Ë¬π·ª≈ß√“§“«— ¥ÿ·≈–Õÿª°√≥å

4. §«“¡‡ ’Ë¬ß®“°§«“¡≈à“™â“¢Õß‚§√ß°“√°àÕ √â“ß §«“¡‡ ’¬Ë ß‡π◊ÕË ß®“°§«“¡≈à“™â“¢Õß‚§√ß°“√π—∫‡ªìπ ‘ßË ∑’ Ë ”§—≠µàÕ°“√ª√–°Õ∫∏ÿ√°‘® ‚¥¬§«“¡≈à“™â“¢Õß‚§√ß°“√Õ“®®–‡ªìπº≈ ¡“®“°‡®â“¢Õß‚§√ß°“√‡Õß ‡™àπ °“√‡ª≈’Ë¬π·ª≈ß·∫∫°àÕ √â“ß·≈–µ‘¥µ—Èß °“√¢“¥·§≈π‡ß‘π∑ÿπ¢ÕßºŸâ«à“®â“ß‚§√ß°“√ ‡ªìπµâπ À√◊Õ Õ“®‡ªìπº≈‡π◊ËÕß®“°§«“¡≈à“™â“„π°“√µ‘¥µ—Èß¢Õß∑’¡ß“π¢Õß∫√‘…—∑ ”À√—∫§«“¡≈à“™â“∑’‡Ë ªìπº≈¡“®“°‡®â“¢Õß‚§√ß°“√ ∫√‘…∑— ®–¡’§«“¡‡ ’¬Ë ß„π°“√µâÕß·∫°√—∫§à“„™â®“à ¬∑’‡Ë æ‘¡Ë ¢÷πÈ ¢Õß‚§√ß°“√ ‡™àπ §à“·√ßß“π §à“ “∏“√≥Ÿª‚¿§ ‡ªìπµâπ ‚¥¬∫√‘…—∑‰¡à “¡“√∂∑’Ë®–‡√’¬°‡°Á∫‡ß‘π‡æ‘Ë¡‡µ‘¡®“°≈Ÿ°§â“‰¥â‡π◊ËÕß®“° —≠≠“«à“®â“ß‚¥¬ª°µ‘®– ‰¡à§√Õ∫§≈ÿ¡∂÷ß °“√ªÑÕß°—π§«“¡‡ ’Ë¬ß„π≈—°…≥–π’È§àÕπ¢â“ß∑”‰¥â¬“° Õ¬à“ß‰√°Áµ“¡º≈°√–∑∫¥—ß°≈à“« “¡“√∂∂Ÿ°®”°—¥‰¥â‚¥¬°“√ ≈¥°”≈—ß§π·≈–§à“„™â®à“¬„π‚§√ß°“√π—Èπ ·µà∑—Èßπ’ÈµâÕß‰¡à„Àâ¡’º≈°√–∑∫µàÕß“π∑’Ë∑”Õ¬Ÿà „π°√≥’∑’Ë§«“¡≈à“™â“¢Õß‚§√ß°“√‡ªìπº≈‡π◊ËÕß®“°§«“¡≈à“™â“„π°“√∑”ß“π¢Õß∫√‘…—∑ ∫√‘…—∑®–¡’§«“¡‡ ’Ë¬ß∑’Ë®–∂Ÿ°‡®â“¢Õß ‚§√ß°“√ª√—∫§à“‡ ’¬À“¬ °“√ªÑÕß°—π§«“¡‡ ’Ë¬ß„π≈—°…≥–π’È “¡“√∂∑”‰¥â‚¥¬°“√æ—≤π“§«“¡ “¡“√∂„π°“√®—¥°“√¢Õß∫ÿ§§≈“°√ ¢Õß∫√‘…—∑ ‚¥¬‡©æ“–Õ¬à“ß¬‘Ëß„π√–¥—∫ºŸâ®—¥°“√‚§√ß°“√ ·≈–°“√®—¥ √√∑’¡ß“π·≈–ºŸâ√—∫‡À¡“™à«ß„Àâ‡À¡“– ¡°—∫ª√‘¡“≥ß“π„π ·µà≈–‚§√ß°“√

11 Annual Report 2005

5. §«“¡‡ ’Ë¬ß∑“ß‡»√…∞°‘®·≈–°“√‡¡◊Õß §«“¡·ª√ª√«π¢Õß ¿“æ‡»√…∞°‘®À√◊Õ°“√‡ª≈’¬Ë π·ª≈ß∑“ß°“√‡¡◊Õß®–¡’º≈°√–∑∫‚¥¬µ√ßµàÕß∫ª√–¡“≥¢Õßª√–‡∑» ¿“«– ·≈–∫√√¬“°“»°“√≈ß∑ÿπ„πª√–‡∑» ´÷Ëß‡ªìπªí®®—¬ ”§—≠µàÕ°“√µ—¥ ‘π„®¢ÕßºŸâ≈ß∑ÿπ∑—Èß‚¥¬¿“§√—∞·≈–¿“§‡Õ°™π ´÷Ëß®– àßº≈°√–∑∫ µàÕ°“√¢¬“¬µ—«¢Õß∏ÿ√°‘®Õ —ßÀ“√‘¡∑√—æ¬å ·≈–°“√°àÕ √â“ß‚√ßß“πÕÿµ “À°√√¡ ·≈– àßº≈µàÕ‡π◊ÕË ß∂÷ß¿“«–∏ÿ√°‘®„Àâ∫√‘°“√ÕÕ°·∫∫ ®—¥À“ ·≈–√—∫‡À¡“µ‘¥µ—Èßß“π√–∫∫«‘»«°√√¡¥â«¬

6. §«“¡‡ ’Ë¬ß∑“ß°“√‡ß‘π §«“¡‡ ’Ë¬ß¥â“π√“¬‰¥â ‡π◊ËÕß®“°º≈‘µ¿—≥±å∑’Ë°àÕ„Àâ‡°‘¥√“¬‰¥â¢Õß∫√‘…—∑ ‡ªìπ°“√„Àâ∫√‘°“√„π≈—°…≥–‡ªìπ‚§√ß°“√ ‰¡à„™à‡ªìπ —≠≠“«à“®â“ß∑”ß“π√–¬– ¬“« ¥—ßπ—Èπ§«“¡µàÕ‡π◊ËÕß„π°√–· √“¬‰¥â¢Õß∫√‘…—∑®÷ß¢÷ÈπÕ¬Ÿà°—∫§«“¡ “¡“√∂„π°“√™π–ª√–¡Ÿ≈À√◊Õ‰¥â√—∫‡≈◊Õ°‡¢â“∑”ß“π„π·µà≈– ‚§√ß°“√ ∫√‘…—∑¡’π‚¬∫“¬∑’Ë®–¢¬“¬°“√≈ß∑ÿπ‰ª„π∏ÿ√°‘®∑’ËµàÕ‡π◊ËÕß°—π·≈–„Àâº≈µÕ∫·∑π„π√Ÿª¢Õß°√–· ‡ß‘π ¥∑’Ë ¡Ë”‡ ¡Õ ‡™àπ ß“π —¡ª∑“πµà“ßÊ ‡æ◊ËÕ≈¥§«“¡‡ ’Ë¬ß§«“¡·ª√º—π¢Õß√“¬‰¥â¥—ß°≈à“« §«“¡‡ ’Ë¬ß¥â“π‡ß‘π∑ÿπÀ¡ÿπ‡«’¬π ∫√‘…—∑√—∫‡À¡“µ‘¥µ—Èßß“π√–∫∫«‘»«°√√¡®–µâÕß¡’‡ß‘π∑ÿπÀ¡ÿπ‡«’¬π∑’Ë‡æ’¬ßæÕ„π°“√¥”‡π‘πß“π ´÷Ëß§‘¥‡ªìπª√–¡“≥√âÕ¬≈– 10-15 ¢Õß¡Ÿ≈§à“ß“π ‡æ◊ËÕ„™â„π°“√®—¥´◊ÈÕ«—µ∂ÿ¥‘∫„π°“√∫√‘°“√ §à“®â“ß·√ßß“π ‡ªìπÀ≈—°∑√—æ¬å§È”ª√–°—π°—∫∏π“§“√ ”À√—∫°“√¢ÕÀπ—ß ◊Õ§È” ª√–°—πµà“ßÊ ‡™àπ Àπ—ß ◊Õ§È”ª√–°—π —≠≠“ (Performance Bond) ·≈– Àπ—ß ◊Õ§È”ª√–°—πº≈ß“π (Retention Bond) ‡ªìπµâπ À“°¡’°“√ ‡ª≈’Ë¬π·ª≈ß¢Õß°“√™”√–‡ß‘π¢ÕßºŸâ«à“®â“ß®– àßº≈°√–∑∫µàÕ°“√∫√‘À“√‡ß‘π∑ÿπÀ¡ÿπ‡«’¬π¢Õß∫√‘…—∑ ¥—ßπ—Èπ ‡æ◊ËÕ≈¥§«“¡‡ ’Ë¬ß¥â“π‡ß‘π ∑ÿπÀ¡ÿπ‡«’¬π¥—ß°≈à“« „π°“√®—¥∑” —≠≠“«à“®â“ß¢Õß·µà≈–‚§√ß°“√ ∫√‘…—∑‰¥âæ¬“¬“¡‡®√®“„Àâ‰¥â¡“´÷Ëß‡ß◊ËÕπ‰¢°“√™”√–√“§“∑’Ë√—¥°ÿ¡ ·≈–∫√‘…—∑‰¥â¡’°“√µ√«® Õ∫ ∂“π–∑“ß°“√‡ß‘π¢ÕßºŸâ«à“®â“ß ª√–°Õ∫„π°“√¬◊Ëπª√–¡Ÿ≈ß“π∑ÿ°§√—Èß πÕ°®“°π’È¥â«¬ ∂“π–∑“ß°“√‡ß‘π ¢Õß∫√‘…—∑„πªí®®ÿ∫—π º≈°√–∑∫®“°°“√‡ª≈’Ë¬π·ª≈ß °“√™”√–‡ß‘π¢ÕßºŸâ«à“®â“ß®–¡’‰¡à¡“°π—°

7. §«“¡‡ ’Ë¬ß∑“ß¥â“πÕ—µ√“·≈°‡ª≈’Ë¬π ∫√‘…—∑¡’§«“¡‡ ’Ë¬ß∑“ß¥â“πÕ—µ√“·≈°‡ª≈’Ë¬πÕ¬Ÿà„π√–¥—∫µË”¡“° Õ—π‡π◊ËÕß¡“®“° à«π„À≠à∫√‘…—∑‡®√®“µàÕ√Õß —Ëß´◊ÈÕ«—µ∂ÿ¥‘∫ºà“π µ—«·∑π®—¥®”Àπà“¬¥â«¬‡ß‘π∫“∑ ·≈–„π à«π¢Õß√“¬‰¥â∫√‘…—∑¡’√“¬‰¥â‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑»„π —¥ à«π∑’ËπâÕ¬¡“° Õ¬à“ß‰√°Áµ“¡ ”À√—∫√“¬‰¥â∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑»·≈–«—µ∂ÿ¥‘∫∑’Ë —Ëß´◊ÈÕ¥â«¬‡ß‘πµ√“µà“ßª√–‡∑» ∫√‘…—∑¡’¡“µ√°“√≈¥§«“¡‡ ’Ë¬ß∑“ß¥â“πÕ—µ√“ ·≈°‡ª≈’Ë¬π¥—ß°≈à“«‚¥¬∑” —≠≠“´◊ÈÕ¢“¬‡ß‘πµ√“≈à«ßÀπâ“ (Forward Contracts)

√“¬ß“πª√–®”ªï 2548 12

‚§√ß √â“ß°“√∂◊ÕÀÿâπ·≈–°“√®—¥°“√ π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈ π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈¢Õß∫√‘…—∑ ∫√‘…∑— ¡’π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈„πÕ—µ√“ª√–¡“≥√âÕ¬≈– 50 ¢Õß°”‰√ ÿ∑∏‘À≈—ß®“°À—°¿“…’ ·≈– ”√Õßµ“¡°ÆÀ¡“¬ ∑—ßÈ π’§È ≥– °√√¡°“√¢Õß∫√‘…∑— ¡’Õ”π“®„π°“√æ‘®“√≥“¬°‡«âπ‰¡à¥”‡π‘π°“√µ“¡π‚¬∫“¬¥—ß°≈à“« À√◊Õ‡ª≈’¬Ë π·ª≈ßπ‚¬∫“¬¥—ß°≈à“«‰¥â‡ªìπ§√—ßÈ §√“« ‚¥¬Õ¬Ÿ¿à “¬„µâ‡ß◊ÕË π‰¢∑’°Ë “√¥”‡π‘π°“√¥—ß°≈à“«®–µâÕß°àÕ„Àâ‡°‘¥ª√–‚¬™πå ßŸ ÿ¥µàÕºŸ∂â Õ◊ Àÿπâ ‡™àπ „™â‡ªìπ∑ÿπ ”√Õß ”À√—∫°“√™”√–§◊π‡ß‘π°Ÿâ „™â‡ªìπ‡ß‘π≈ß∑ÿπ‡æ◊ËÕ¢¬“¬∏ÿ√°‘®¢Õß∫√‘…—∑ À√◊Õ°√≥’¡’°“√‡ª≈’Ë¬π·ª≈ß ¿“«–µ≈“¥ ´÷ËßÕ“®¡’º≈°√–∑∫µàÕ°√–· ‡ß‘π ¥¢Õß∫√‘…—∑„π Õπ“§µ π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈¢Õß∫√‘…—∑¬àÕ¬ ”À√—∫π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈¢Õß∫√‘…∑— ¬àÕ¬ §≥–°√√¡°“√¢Õß∫√‘…∑— ®–æ‘®“√≥“®“°°√–· ‡ß‘π ¥§ß‡À≈◊Õ‡∑’¬∫°—∫ß∫≈ß∑ÿπ ¢Õß∫√‘…—∑¬àÕ¬ À“°°√–· ‡ß‘π ¥§ß‡À≈◊Õ¡’‡æ’¬ßæÕ·≈–‰¥âµ—Èß ”√Õßµ“¡°ÆÀ¡“¬·≈â« §≥–°√√¡°“√¢Õß∫√‘…—∑¬àÕ¬®–æ‘®“√≥“ ®à“¬‡ß‘πªíπº≈‡ªìπ°√≥’‰ª

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310,822,991

61.79

2. Thailand Securities Depository Co., Ltd. for Depositors

125,823,964

25.01

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75,000

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50,000

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9. ∫√‘…—∑ ‡Õ ¥’‡Õ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ °√ÿäª ®”°—¥ 10. π“ß “« ÿπ‘ “ ‚ √—≠≠– √«¡ /1

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13 Annual Report 2005

°“√®—¥°“√ (1) ‚§√ß √â“ß§≥–°√√¡°“√ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ºŸ∂â Õ◊ Àÿπâ §≥–°√√¡°“√∫√‘…—∑ √“¬™◊ËÕ§≥–°√√¡°“√∫√‘…—∑ 1. 2. 3. 4. 5. 6. 7. 8. 9.

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‡≈¢“πÿ°“√§≥–°√√¡°“√∫√‘…—∑ 1. π“¬ ÿ∏’ 2. π“¬∏“¥“

1. 2. 3. 4. 5. 6.

µ—πµ‘«≥‘™™“ππ∑å ™ÿ¡–»“√∑Ÿ≈

§≥–°√√¡°“√∫√‘À“√

§≥–°√√¡°“√µ√«® Õ∫

√“¬™◊ËÕ§≥–°√√¡°“√∫√‘À“√ π“¬‡ «° »√’ ÿ™“µ ª√–∏“π°√√¡°“√ ∫√‘À“√ π“¬Õ”π«¬ °“≠®‚π¿“» √Õßª√–∏“π °√√¡°“√∫√‘À“√ π“¬æ‘ ‘∞ ‚√®π¡ß§≈ °√√¡°“√∫√‘À“√ π“¬ ¡»—°¥‘Ï §ÿªµ‡¡∏’ °√√¡°“√∫√‘À“√ π“¬æ‘ —πµå ®‘πµπ“¿—°¥’ °√√¡°“√∫√‘À“√ π“¬ ÿ∏’ µ—πµ‘«≥‘™™“ππ∑å °√√¡°“√∫√‘À“√

√“¬™◊ËÕ§≥–°√√¡°“√µ√«® Õ∫ 1. π“¬ ‘ßÀå™—¬ Õ√ÿ≥«ÿ≤‘æß»å ª√–∏“π°√√¡°“√ µ√«® Õ∫ 2. π“¬ ¡ª√– ß§å ∫ÿ≠¬–™—¬ °√√¡°“√µ√«® Õ∫ 3. æ≈µ√’ ‘π™—¬ πÿµ ∂‘µ¬å °√√¡°“√µ√«® Õ∫

‡≈¢“πÿ°“√§≥–°√√¡°“√∫√‘À“√ 1. π“¬∏“¥“ ™ÿ¡–»“√∑Ÿ≈

√“¬ß“πª√–®”ªï 2548 14

‡≈¢“πÿ°“√§≥–°√√¡°“√µ√«® Õ∫ 1. π“¬∏ß™—¬ ÿæ—π∑«’

§≥–°√√¡°“√∫√‘…—∑ °√√¡°“√≈”¥—∫∑’Ë 1-4 ‡ªìπ°√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡ºŸ°æ—π∫√‘…—∑ ‚¥¬°”Àπ¥„Àâ°√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡ºŸ°æ—π∫√‘…—∑ 2 §π ≈ß≈“¬¡◊Õ™◊ËÕ√à«¡°—π·≈–ª√–∑—∫µ√“ ”§—≠¢Õß∫√‘…—∑ ‚¥¬¡’π“¬ ÿ∏’ µ—πµ‘«≥‘™™“ππ∑å ∑”Àπâ“∑’Ë‡ªìπ‡≈¢“πÿ°“√∫√‘…—∑ ¢Õ∫‡¢µ Õ”π“®Àπâ“∑’Ë¢Õß§≥–°√√¡°“√∫√‘…—∑ °√√¡°“√µâÕßªØ‘∫—µ‘Àπâ“∑’Ë¥â«¬§«“¡´◊ËÕ —µ¬å ÿ®√‘µ ·≈–√–¡—¥√–«—ß√—°…“º≈ª√–‚¬™πå¢Õß∫√‘…—∑ ‚¥¬„Àâ‡ªìπ‰ªµ“¡«—µ∂ÿª√– ß§å ¢âÕ∫—ß§—∫¢Õß∫√‘…∑— µ≈Õ¥®π¡µ‘∑ªË’ √–™ÿ¡ºŸ∂â Õ◊ Àÿπâ ·≈–„π‡√◊ÕË ß∑’°Ë ÆÀ¡“¬°”Àπ¥„ÀâµÕâ ß‰¥â√∫— Õπÿ¡µ— ®‘ “°∑’ªË √–™ÿ¡ºŸ∂â Õ◊ Àÿπâ °àÕπ¥”‡π‘π°“√ ‡™àπ °“√∑”√“¬°“√‡°’Ë¬«‚¬ß°—π ·≈–°“√´◊ÈÕÀ√◊Õ¢“¬ ‘π∑√—æ¬å∑’Ë ”§—≠µ“¡°Æ‡°≥±å¢Õßµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ À√◊Õµ“¡∑’Ë Àπà«¬ß“π√“™°“√Õ◊ËπÊ °”Àπ¥ ‡ªìπµâπ ∑—Èßπ’È §≥–°√√¡°“√Õ“®¡Õ∫À¡“¬„Àâ°√√¡°“√§πÀπ÷ËßÀ√◊ÕÀ≈“¬§π ªØ‘∫—µ‘°“√Õ¬à“ß „¥Õ¬à“ßÀπ÷Ëß·∑π§≥–°√√¡°“√‰¥â ‚¥¬„π°“√¡Õ∫Õ”π“®π—Èπ®–µâÕßÕ¬Ÿà¿“¬„µâ¢Õ∫·ÀàßÕ”π“®¢Õß§≥–°√√¡°“√ ·≈–¡’°“√°”Àπ¥ ¢Õ∫‡¢µÕ”π“®Àπâ“∑’Ë¢ÕßºŸâ√—∫¡Õ∫Õ”π“®‰«âÕ¬à“ß™—¥‡®π ®”π«π§√—Èß¢Õß°“√ª√–™ÿ¡§≥–°√√¡°“√ ·≈–®”π«π§√—Èß∑’Ë°√√¡°“√·µà≈–√“¬‡¢â“ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑

√“¬™◊ËÕ§≥–°√√¡°“√

§√—Èß∑’Ë 1 §√—Èß∑’Ë 2 §√—Èß∑’Ë 3 §√—Èß∑’Ë 4 §√—Èß∑’Ë 5 §√—Èß∑’Ë 6 §√—Èß∑’Ë 7

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π“¬‡ «° »√’ ÿ™“µ

π“¬Õ”π«¬ °“≠®‚π¿“»

π“¬ ¡»—°¥‘Ï §ÿªµ‡¡∏’

π“¬æ‘ ‘∞ ‚√®π¡ß§≈

π“¬·Õπ¥√Ÿ °‘®«‘∑«—

π“¬æ‘ —πµå ®‘πµπ¿—°¥’

π“¬ ‘ßÀå™—¬ Õ√ÿ≥«ÿ≤‘æß»å

π“¬ ¡ª√– ß§å ∫ÿ≥¬–™—¬

æ≈µ√’ ‘π™—¬ πÿµ ∂‘µ¬å

π“ß ÿ√’¬å ‡∫≠®‚ÕÃ“√

π“ß “«ª√’¬“ π“§Õ‘π∑√å

π“¬ ÿ∏’ µ—πµ‘«≥‘™™“ππ∑å

π“¬∏“¥“ ™ÿ¡–»“√∑Ÿ≈

/ À¡“¬∂÷ß ‡¢â“√à«¡ª√–™ÿ¡ X À¡“¬∂÷ß ‰¡à‡¢â“√à«¡ª√–™ÿ¡ À¡“¬‡Àµÿ :

π“ß ÿ√’¬å ‡∫≠®‚ÕÃ“√ ≈“ÕÕ°®“°∫√‘…—∑œ «—π∑’Ë 1 °—π¬“¬π 2548 π“ß “«ª√’¬“ π“§Õ‘π∑√å ‡¥‘π∑“ß‰ª§«∫§ÿ¡ß“πµà“ßª√–‡∑» µ—Èß·µà‡¥◊Õπ °.§. 2548

15 Annual Report 2005

§≥–°√√¡°“√∫√‘À“√ ¢Õ∫‡¢µ Õ”π“®Àπâ“∑’Ë¢Õß§≥–°√√¡°“√∫√‘À“√ 1. °”Àπ¥π‚¬∫“¬ ∑‘»∑“ß °≈¬ÿ∑∏å ·≈–‚§√ß √â“ß°“√∫√‘À“√ß“πÀ≈—°„π°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑ ∑’Ë°”Àπ¥„Àâ Õ¥§≈âÕß·≈– π—∫ πÿπµàÕ ¿“æ∑“ß‡»√…∞°‘® ·≈–°“√·¢àß¢—π∑’‰Ë ¥â°”Àπ¥·≈–·∂≈ß‰«âµÕà ºŸ∂â Õ◊ Àÿπâ ‡æ◊ÕË ‡ πÕ„Àâ§≥–°√√¡°“√∫√‘…∑— ‡ÀÁπ™Õ∫ 2. °”Àπ¥·ºπ∏ÿ√°‘® ß∫ª√–¡“≥ ·≈–Õ”π“®°“√∫√‘À“√µà“ßÊ ¢Õß∫√‘…—∑ ‡æ◊ËÕ‡ πÕ„Àâ§≥–°√√¡°“√∫√‘…—∑‡ÀÁπ™Õ∫ 3. µ√«® Õ∫µ‘¥µ“¡°“√¥”‡π‘ππ‚¬∫“¬ ·≈–·π«∑“ß∫√‘À“√ß“π¥â“πµà“ßÊ ¢Õß∫√‘…—∑∑’Ë°”Àπ¥„Àâ‡ªìπ‰ªÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ ‡Õ◊ÈÕµàÕ ¿“æ°“√¥”‡π‘π∏ÿ√°‘® 4. µ√«® Õ∫µ‘¥µ“¡º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑∑’Ë°”Àπ¥„Àâ‡ªìπ‰ªµ“¡·ºπ∏ÿ√°‘®∑’Ë‰¥â√—∫Õπÿ¡—µ‘‰«â 5. æ‘®“√≥“‚§√ß°“√≈ß∑ÿπ¢Õß∫√‘…—∑ ‡æ◊ËÕ‡ πÕ„Àâ§≥–°√√¡°“√∫√‘…—∑‡ÀÁπ™Õ∫ 6. ¡’Õ”π“®·µàßµ—Èß ∂Õ¥∂Õπ ‡®â“Àπâ“∑’Ë¢Õß∫√‘…—∑„πµ”·Àπàß∑’Ë‰¡à Ÿß°«à“µ”·Àπàßª√–∏“π°√√¡°“√∫√‘À“√ 7. æ‘®“√≥“Õπÿ¡—µ‘·≈–¥”‡π‘π°“√ª√–¡Ÿ≈ß“πÀ√◊Õ√—∫®â“ß∑”¢Õß°—∫Àπà«¬ß“πÀ√◊Õ∫ÿ§§≈µà“ßÊ 8. ªØ‘∫—µ‘Àπâ“∑’ËÕ◊ËπÊ µ“¡∑’Ë‰¥â√—∫¡Õ∫À¡“¬®“°§≥–°√√¡°“√∫√‘…—∑‡ªìπ§√“«Ê ‰ª ·≈–¡’Õ”π“®„π°“√Õπÿ¡—µ‘°“√¥”‡π‘π°“√∑“ß°“√‡ß‘π ¥—ßπ’È 1. „π°√≥’∑°Ë’ ”Àπ¥‰«â„π·ºπ∏ÿ√°‘®À√◊Õß∫ª√–¡“≥∑’§Ë ≥–°√√¡°“√∫√‘…∑— Õπÿ¡µ— ‰‘ «â·≈â« ´÷ßË §≥–°√√¡°“√∫√‘À“√ “¡“√∂¥”‡π‘π °“√‰¥â‚¥¬‰¡à®”°—¥«ß‡ß‘π 2. „π°√≥’∑’Ë‰¡à‡¢â“°√≥’µ“¡¢âÕ 1. „Àâ§≥–°√√¡°“√∫√‘À“√¢Õß∫√‘…—∑¡’Õ”π“®„π°“√Õπÿ¡—µ‘°“√¥”‡π‘π°“√∑“ß°“√‡ß‘π„π«ß‡ß‘π ‰¡à‡°‘π 50 ≈â“π∫“∑ ‚¥¬Õ”π“®Õπÿ¡—µ‘∑“ß°“√‡ß‘π¥—ß°≈à“«®–√«¡∂÷ß °“√Õπÿ¡—µ‘§à“„™â®à“¬µà“ßÊ „π°“√¥”‡π‘π°“√µ“¡ª°µ‘ ∏ÿ√°‘® °“√≈ß∑ÿπ„π ‘π∑√—æ¬åΩÉ“¬∑ÿπ (Capital Expenditure) À√◊Õ ‘π∑√—æ¬å∂“«√ ·≈–¡’Õ”π“®„π°“√µ‘¥µàÕ¢Õ ‘π‡™◊ËÕ‡ªìπ ¿“√–ºŸ°æ—π∑“ß°“√‡ß‘π√«¡∑ÿ°‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π‚§√ß°“√≈–‰¡à‡°‘π 1,000 ≈â“π∫“∑ √«¡∑—Èß„π°‘®°“√√à«¡§â“ (¬°‡«âπ °“√„ÀâÀ≈—°ª√–°—πµ“¡‚§√ß°“√∑’Ëª√–¡Ÿ≈À√◊Õ√—∫®â“ß∑”¢Õß ´÷Ëß‰¡à®”°—¥«ß‡ß‘π) ·≈–‡¡◊ËÕ‰¥â¢âÕ √ÿª„Àâ√“¬ß“π§≥–°√√¡°“√ ∫√‘…—∑ ∑—Èßπ’È§≥–°√√¡°“√∫√‘À“√Õ“®¡Õ∫Õ”π“®™à«ß„Àâæπ—°ß“π√–¥—∫∫√‘À“√¢Õß∫√‘…—∑¡’Õ”π“®Õπÿ¡—µ‘∑“ß°“√‡ß‘π„π‡√◊ËÕß„¥‡√◊ËÕßÀπ÷Ëß À√◊ÕÀ≈“¬‡√◊ËÕß µ“¡∑’Ë§≥–°√√¡°“√∫√‘À“√æ‘®“√≥“‡ÀÁπ ¡§«√°Á‰¥â Õπ÷Ëß°“√Õπÿ¡—µ‘√“¬°“√¥—ß°≈à“«¢â“ßµâπ®–µâÕß‰¡à¡’≈—°…≥–‡ªìπ°“√Õπÿ¡—µ‘√“¬°“√∑’Ë∑”„Àâ§≥–°√√¡°“√∫√‘À“√À√◊ÕºŸâ√—∫¡Õ∫ Õ”π“®®“°§≥–°√√¡°“√∫√‘À“√ “¡“√∂Õπÿ¡—µ‘√“¬°“√∑’ËµπÀ√◊Õ∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß ¡’ à«π‰¥â‡ ’¬ À√◊ÕÕ“®¡’§«“¡¢—¥·¬âß ∑“ßº≈ª√–‚¬™πåÕ◊Ëπ„¥ (µ“¡¢âÕ∫—ß§—∫¢Õß∫√‘…—∑ ·≈–µ“¡∑’Ë ”π—°ß“π °.≈.µ. ª√–°“»°”Àπ¥) ∑”°—∫∫√‘…—∑ À√◊Õ∫√‘…—∑¬àÕ¬ ¬°‡«âπ ‡ªìπ°“√Õπÿ¡—µ‘√“¬°“√∑’Ë‡ªìπ‰ªµ“¡ª°µ‘∏ÿ√°‘® ∑’Ë¡’°“√°”Àπ¥¢Õ∫‡¢µ∑’Ë™—¥‡®π ¢Õ∫‡¢µ Õ”π“®Àπâ“∑’Ë¢Õßª√–∏“π°√√¡°“√∫√‘À“√ 1. ‡ªìπºŸâµ—¥ ‘π„®„π‡√◊ËÕß∑’Ë ”§—≠¢Õß∫√‘…—∑ °”Àπ¥¿“√°‘® «—µ∂ÿª√– ß§å ·π«∑“ß π‚¬∫“¬¢Õß∫√‘…—∑ √«¡∂÷ß °“√°”°—∫¥Ÿ·≈ °“√¥”‡π‘πß“π‚¥¬√«¡µ“¡∑’Ë§≥–°√√¡°“√∫√‘À“√¡Õ∫À¡“¬ ·≈–µâÕß√—∫º‘¥™Õ∫µàÕ§≥–°√√¡°“√∫√‘À“√ 2. ¡’Õ”π“®®â“ß ·µàßµ—Èß ª≈¥ÕÕ° „ÀâÕÕ° ‰≈àÕÕ° °”Àπ¥Õ—µ√“§à“®â“ß „Àâ∫”‡ÀπÁ®√“ß«—≈ ª√—∫¢÷Èπ‡ß‘π‡¥◊Õπ §à“µÕ∫·∑π ‡ß‘π ‚∫π— ¢Õßæπ—°ß“π∑—ÈßÀ¡¥¢Õß∫√‘…—∑„πµ”·ÀπàßµË”°«à“µ”·Àπàß°√√¡°“√∫√‘À“√µ≈Õ¥®π·µàßµ—Èßµ—«·∑πΩÉ“¬π“¬®â“ß„π §≥–°√√¡°“√°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ¢Õß∫√‘…—∑ 3. ¡’Õ”π“®Õπÿ¡µ— ·‘ ≈–¡Õ∫Õ”π“®™à«ßÕπÿ¡µ— °‘ “√‡∫‘°®à“¬‡æ◊ÕË °“√®—¥´◊ÕÈ ®—¥®â“ß´÷ßË ∑√—æ¬å π‘ ·≈–∫√‘°“√‡æ◊ÕË ª√–‚¬™πå¢Õß∫√‘…∑— ∑—ßÈ π’È ®–µâÕß‰¡à‡°‘π«ß‡ß‘π∑’Ë§≥–°√√¡°“√∫√‘À“√ “¡“√∂Õπÿ¡—µ‘‰¥â 4. ¡’Õ”π“®ÕÕ°§” —Ëß √–‡∫’¬∫ ª√–°“» ∫—π∑÷° ‡æ◊ËÕ„Àâ°“√ªØ‘∫—µ‘ß“π‡ªìπ‰ªµ“¡π‚¬∫“¬·≈–º≈ª√–‚¬™πå¢Õß∫√‘…—∑ ·≈– ‡æ◊ËÕ√—°…“√–‡∫’¬∫«‘π—¬°“√∑”ß“π¿“¬„πÕß§å°√ 5. Õπÿ¡—µ‘°“√·µàßµ—Èß∑’Ëª√÷°…“¥â“πµà“ßÊ ∑’Ë®”‡ªìπµàÕ°“√¥”‡π‘πß“π 6. ªØ‘∫—µ‘Àπâ“∑’ËÕ◊ËπÊ µ“¡∑’Ë‰¥â√—∫¡Õ∫À¡“¬®“°§≥–°√√¡°“√∫√‘…—∑À√◊Õ§≥–°√√¡°“√∫√‘À“√‡ªìπ§√“«Ê ‰ª 7. ¥”‡π‘π°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—∫°“√∫√‘À“√ß“π∑—Ë«‰ª¢Õß∫√‘…—∑

√“¬ß“πª√–®”ªï 2548 16

·µà∑—Èßπ’È Õ”π“®Àπâ“∑’Ë¢Õßª√–∏“π°√√¡°“√∫√‘À“√·≈–ºŸâ√—∫¡Õ∫Õ”π“®™à«ß¥—ß°≈à“«¢â“ßµâπ®–‰¡à√«¡∂÷ßÕ”π“®∑’Ë∑”„Àâª√–∏“π °√√¡°“√∫√‘À“√ “¡“√∂Õπÿ¡—µ‘√“¬°“√∑’ËµπÀ√◊Õ∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß¡’ à«π‰¥â‡ ’¬ À√◊ÕÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå„π ≈—°…≥–Õ◊Ëπ„¥ (µ“¡¢âÕ∫—ß§—∫¢Õß∫√‘…—∑·≈–µ“¡∑’Ë ”π—°ß“π °.≈.µ. ª√–°“»°”Àπ¥) ∑”°—∫∫√‘…—∑À√◊Õ∫√‘…—∑¬àÕ¬ ¬°‡«âπ‡ªìπ°“√ Õπÿ¡—µ‘√“¬°“√∑’Ë‡ªìπ‰ªµ“¡π‚¬∫“¬·≈–À≈—°‡°≥±å∑’Ë§≥–°√√¡°“√∫√‘…—∑‰¥âæ‘®“√≥“Õπÿ¡—µ‘‰«â √«¡∑—Èß°”Àπ¥„ÀâµâÕß¢Õ§«“¡‡ÀÁπ ™Õ∫®“°ºŸâ∂◊ÕÀÿâπ„π°“√∑”√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π·≈–°“√‰¥â¡“À√◊Õ®”Àπà“¬‰ª´÷Ëß ‘π∑√—æ¬å∑’Ë ”§—≠¢Õß∫√‘…—∑À√◊Õ∫√‘…—∑¬àÕ¬ ‡æ◊ËÕ„Àâ Õ¥§≈âÕß°—∫¢âÕ°”Àπ¥¢Õßµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬„π‡√◊ËÕß¥—ß°≈à“« §≥–°√√¡°“√µ√«® Õ∫ ¢Õ∫‡¢µ Õ”π“®Àπâ“∑’Ë¢Õß§≥–°√√¡°“√µ√«® Õ∫ 1. Õ∫∑“π„Àâ∫√‘…—∑¡’°“√√“¬ß“π∑“ß°“√‡ß‘πÕ¬à“ß∂Ÿ°µâÕß·≈–‡ªî¥‡º¬Õ¬à“ß‡æ’¬ßæÕ 2. «“ß·π«∑“ß·≈– Õ∫∑“π„Àâ∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π (Internal Control) ·≈–°“√µ√«® Õ∫¿“¬„π (Internal Audit) ∑’Ë ¡’§«“¡‡À¡“– ¡·≈–¡’ª√– ‘∑∏‘º≈ 3. Õ∫∑“π°“√¥”‡π‘π°“√¢Õß∫√‘…—∑„Àâ‡ªìπ‰ªµ“¡°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å ¢âÕ°”Àπ¥¢Õß µ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ À√◊Õ°ÆÀ¡“¬∑’Ë‡°’Ë¬«¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…—∑ 4. æ‘®“√≥“§—¥‡≈◊Õ°·≈–‡ πÕ·µàßµ—ÈßºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑ √«¡∂÷ßæ‘®“√≥“‡ πÕ§à“µÕ∫·∑π¢ÕßºŸâ Õ∫∫—≠™’ 5. æ‘®“√≥“°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈¢Õß∫√‘…—∑„π°√≥’∑’Ë‡°‘¥√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—πÀ√◊Õ√“¬°“√∑’ËÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå „Àâ¡’§«“¡∂Ÿ°µâÕß·≈–§√∫∂â«π 6. ¥”‡π‘π°“√Õ◊Ëπ„¥µ“¡∑’Ë§≥–°√√¡°“√¢Õß∫√‘…—∑¡Õ∫À¡“¬ ·≈–/À√◊Õ ∑’Ë§≥–°√√¡°“√µ√«® Õ∫‡ÀÁπ ¡§«√ 7. ®—¥∑”√“¬ß“π°‘®°√√¡¢Õß¢Õß§≥–°√√¡°“√µ√«® Õ∫‚¥¬‡ªî¥‡º¬‰«â„π√“¬ß“πª√–®”ªï¢Õß∫√‘…—∑ ´÷Ëß√“¬ß“π¥—ß°≈à“« µâÕß≈ßπ“¡‚¥¬ª√–∏“π§≥–°√√¡°“√µ√«® Õ∫ 8. ∑”°“√ª√–‡¡‘πº≈°“√ªØ‘∫—µ‘ß“π¢Õß§≥–°√√¡°“√µ√«® Õ∫

(2) °“√ √√À“°√√¡°“√·≈–ºŸâ∫√‘À“√ ·¡â«“à ∫√‘…∑— ®–‰¡à¡§’ ≥–°√√¡°“√ √√À“‡æ◊ÕË §—¥‡≈◊Õ°∫ÿ§§≈∑’®Ë –·µàßµ—ßÈ ‡ªìπ°√√¡°“√ ·µà∫√‘…∑— ¡’π‚¬∫“¬∑’®Ë – √√À“·≈–§—¥‡≈◊Õ° ∫ÿ§§≈∑’Ë®–¡“¥”√ßµ”·Àπàß°√√¡°“√‚¥¬æ‘®“√≥“®“°ªí®®—¬À≈“¬ª√–°“√ª√–°Õ∫ ‡™àπ §«“¡√Ÿâ §«“¡ “¡“√∂ ·≈–ª√– ∫°“√≥å∑’Ë ‡°’Ë¬«¢âÕß°—∫∏ÿ√°‘® ‡ªìπµâπ ‚¥¬‰¥â°”Àπ¥À≈—°‡°≥±å„π°“√·µàßµ—Èß·≈–∂Õ¥∂Õπ°√√¡°“√¥—ßπ’È 2.1 §≥–°√√¡°“√ª√–°Õ∫¥â«¬°√√¡°“√Õ¬à“ßπâÕ¬ 5 §π ·≈–‰¡à‡°‘π 10 §π ·≈–°√√¡°“√‰¡àπÕâ ¬°«à“°÷ßË Àπ÷ßË ¢Õß®”π«π°√√¡°“√ ∑—ÈßÀ¡¥π—ÈπµâÕß¡’∂‘Ëπ∑’ËÕ¬Ÿà„π√“™Õ“≥“®—°√ ·≈–°√√¡°“√¢Õß∫√‘…—∑®–µâÕß‡ªìπºŸâ∑’Ë¡’§ÿ≥ ¡∫—µ‘µ“¡∑’Ë°ÆÀ¡“¬°”Àπ¥ 2.2 ∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ‡ªìπºŸâ·µàßµ—Èß°√√¡°“√ ‚¥¬„™â‡ ’¬ß¢â“ß¡“°µ“¡À≈—°‡°≥±å·≈–«‘∏’°“√µàÕ‰ªπ’È 2.2.1 ºŸâ∂◊ÕÀÿâπ§πÀπ÷Ëß¡’§–·ππ‡ ’¬ß‡∑à“°—∫Àπ÷ËßÀÿâπµàÕÀπ÷Ëß‡ ’¬ß 2.2.2 „ÀâºŸâ∂◊ÕÀÿâπÕÕ°‡ ’¬ß≈ß§–·ππ‡≈◊Õ°µ—Èß°√√¡°“√‡ªìπ√“¬∫ÿ§§≈‰ª 2.2.3 ∫ÿ§§≈´÷Ëß‰¥â√—∫§–·ππ‡ ’¬ß Ÿß ÿ¥µ“¡≈”¥—∫≈ß¡“‡ªìπºŸâ‰¥â√—∫°“√‡≈◊Õ°µ—Èß‡ªìπ°√√¡°“√‡∑à“®”π«π°√√¡°“√∑’Ë®– æ÷ß¡’À√◊Õ®–æ÷ß‡≈◊Õ°µ—Èß„π§√—Èßπ—Èπ „π°√≥’∑’Ë∫ÿ§§≈´÷Ëß‰¥â√—∫°“√‡≈◊Õ°µ—Èß„π≈”¥—∫∂—¥≈ß¡“¡’§–·ππ‡ ’¬ß‡∑à“°—π ‡°‘π®”π«π∑’Ë®–æ÷ß¡’À√◊Õ®–æ÷ß‡≈◊Õ°µ—Èß„π§√—Èßπ—Èπ„ÀâºŸâ‡ªìπª√–∏“π‡ªìπºŸâÕÕ°‡ ’¬ß™’È¢“¥ 2.3 „π°“√ª√–™ÿ¡ “¡—≠ª√–®”ªï∑ÿ°§√—Èß „Àâ°√√¡°“√ÕÕ°®“°µ”·Àπàß 1 „π 3 ∂â“®”π«π°√√¡°“√∑’Ë®–·∫àßÕÕ°„Àâµ√ß‡ªìπ 3 à«π‰¡à‰¥â °Á„ÀâÕÕ°‚¥¬®”π«π∑’Ë„°≈â∑’Ë ÿ¥°—∫ à«π 1 „π 3 °√√¡°“√∑’Ë®–ÕÕ°®“°µ”·Àπàß„πªï·√°·≈–ªï∑’Ë 2 ¿“¬À≈—ß®¥ ∑–‡∫’¬π∫√‘…—∑π—Èπ „Àâ„™â«‘∏’®—∫ ≈“°°—π«à“ºŸâ„¥®–ÕÕ° à«πªïÀ≈—ßÊ µàÕ‰ª „Àâ°√√¡°“√§π∑’ËÕ¬Ÿà„πµ”·Àπàßπ“π∑’Ë ÿ¥π—Èπ ‡ªìπºŸâÕÕ°®“°µ”·Àπàß °√√¡°“√∑’ËÕÕ°µ“¡«“√–π—ÈπÕ“®‰¥â√—∫‡≈◊Õ°‡¢â“¡“¥”√ßµ”·Àπàß„À¡à°Á‰¥â 2.4 „π°√≥’∑µË’ ”·Àπàß°√√¡°“√«à“ß≈ß‡æ√“–‡ÀµÿÕπË◊ πÕ°®“°∂÷ß§√“«ÕÕ°µ“¡«“√–„Àâ§≥–°√√¡°“√‡≈◊Õ°∫ÿ§§≈´÷ßË ¡’§≥ ÿ ¡∫—µ‘ ·≈–‰¡à¡’≈—°…≥–µâÕßÀâ“¡µ“¡°ÆÀ¡“¬‡¢â“‡ªìπ°√√¡°“√·∑π„π°“√ª√–™ÿ¡§≥–°√√¡°“√§√“«∂—¥‰ª ‡«âπ·µà«“√–¢Õß °√√¡°“√®–‡À≈◊ÕπâÕ¬°«à“ 2 ‡¥◊Õπ ∫ÿ§§≈´÷Ëß‡¢â“‡ªìπ°√√¡°“√·∑π¥—ß°≈à“«®–Õ¬Ÿà„πµ”·Àπàß°√√¡°“√‰¥â‡æ’¬ß‡∑à“«“√–∑’Ë ‡À≈◊ÕÕ¬Ÿà¢Õß°√√¡°“√∑’Ëµπ·∑π

17 Annual Report 2005

(3) §à“µÕ∫·∑π°√√¡°“√·≈–ºŸâ∫√‘À“√ 3.1 §à“µÕ∫·∑π√«¡¢Õß§≥–°√√¡°“√∫√‘…—∑ ªï 2548 Àπà«¬ : æ—π∫“∑

√“¬™◊ËÕ°√√¡°“√ 1. 2. 3. 4. 5. 6. 7.

π“¬‡ «° π“¬Õ”π«¬ π“¬ ¡»—°¥‘Ï π“¬æ‘ ‘∞ π“¬·Õπ¥√Ÿ π“¬æ‘ —πµå π“¬ ‘ßÀå™—¬

8. æ≈µ√’ ‘π™—¬

»√’ ÿ™“µ °“≠®‚π¿“» §ÿªµ‡¡∏’ ‚√®π¡ß§≈ °‘®«‘∑«— ®‘πµπ¿—°¥’ Õ√ÿ≥«ÿ≤‘æß»å πÿµ ∂‘µ¬å

9. π“¬ ¡ª√– ß§å ∫ÿ≥¬–™—¬ 10. 11. 12. 13.

π“ß ÿ√’¬å π“ß “«ª√’¬“ π“¬ ÿ∏’ π“¬∏“¥“

‡∫≠®‚ÕÃ“√ π“§Õ‘π∑√å µ—πµ‘«“≥‘™™“ππ∑å ™ÿ¡–»“√∑Ÿ≈

§à“µÕ∫·∑π

®”π«π‡ß‘π

§à“‡∫’È¬ª√–™ÿ¡ §à“‡∫’È¬ª√–™ÿ¡ §à“‡∫’È¬ª√–™ÿ¡ §à“‡∫’È¬ª√–™ÿ¡ §à“‡∫’È¬ª√–™ÿ¡ §à“‡∫’È¬ª√–™ÿ¡ §à“‡∫’È¬ª√–™ÿ¡ §à“µÕ∫·∑π√“¬ªï §à“‡∫’È¬ª√–™ÿ¡ §à“µÕ∫·∑π√“¬ªï §à“‡∫’È¬ª√–™ÿ¡ §à“µÕ∫·∑π√“¬ªï §à“‡∫’È¬ª√–™ÿ¡ §à“‡∫’È¬ª√–™ÿ¡ §à“‡∫’È¬ª√–™ÿ¡ §à“‡∫’È¬ª√–™ÿ¡

70 50 70 70 50 70 140 140 140 120 140 120 50 40 20 30

√«¡

1,320 Àπà«¬ : æ—π∫“∑

§à“µÕ∫·∑π §à“‡∫’È¬ª√–™ÿ¡ §à“µÕ∫·∑π√“¬ªï √«¡

ªï 2548 ®”π«π√“¬ §à“µÕ∫·∑π√«¡

ªï 2547 ®”π«π√“¬ §à“µÕ∫·∑π√«¡

940

705

380 1,320

320 1,025

3.2 §à“µÕ∫·∑π§≥–°√√¡°“√∫√‘À“√·≈–ºŸâ∫√‘À“√ Àπà«¬ : æ—π∫“∑

§à“µÕ∫·∑π

ªï 2548 ®”π«π√“¬ §à“µÕ∫·∑π√«¡

ªï 2547 ®”π«π√“¬ §à“µÕ∫·∑π√«¡

‡ß‘π‡¥◊Õπ

10,880

10,320

‚∫π— √«¡

2,330 13,210

1,771 12,091

√“¬ß“πª√–®”ªï 2548 18

3.3 ‡ß‘π ¡∑∫°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ¢Õß§≥–°√√¡°“√∫√‘À“√·≈–ºŸâ∫√‘À“√ ‡ß‘π ¡∑∫°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ¢Õß§≥–°√√¡°“√∫√‘À“√·≈–ºŸâ∫√‘À“√ ®”π«π 8 √“¬ „πªï 2548 ‡ªìπ®”π«π‡ß‘π 195,703.20 ∫“∑ ‚¥¬∫√‘…∑— ‰¥â®¥∑–‡∫’¬π°Õß∑ÿπ ”√Õß‡≈’¬È ß™’æ ∑‘ ‚°â√«à ¡∑ÿπ 1 ‡©æ“– à«π ∫√‘…∑— ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘ßË ®”°—¥ (¡À“™π) ‡¡◊ËÕ«—π∑’Ë 1 °—π¬“¬π 2545

(4) °“√°”°—∫¥Ÿ·≈°‘®°“√ §≥–°√√¡°“√∫√‘…∑— µ√–Àπ—°∂÷ß§«“¡ ”§—≠¢Õß°“√°”°—∫¥Ÿ·≈°‘®°“√∑’¥Ë ·’ ≈–¥”‡π‘π°“√‡ªìπ‰ªÕ¬à“ßµàÕ‡π◊ÕË ß·≈–‰¥â®¥— √–∫∫°“√ °”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ¥—ßπ’È 4.1 π‚¬∫“¬‡°’Ë¬«°—∫°“√°”°—∫¥Ÿ·≈°‘®°“√ §≥–°√√¡°“√‰¥â°”Àπ¥π‚¬∫“¬‡°’¬Ë «°—∫°“√°”°—∫¥Ÿ·≈°‘®°“√ ‡π◊ÕË ß®“°‡ÀÁπ«à“‡ªìπ ‘ßË ∑’¡Ë §’ «“¡ ”§—≠·≈–®”‡ªìπµàÕ °“√¥”‡π‘π∏ÿ√°‘®„Àâ¡°’ “√‡®√‘≠‡µ‘∫‚µ∑’¬Ë ßË— ¬◊π §≥–°√√¡°“√∫√‘…∑— ¡’§«“¡¡ÿßà ¡—πË ·≈–µ—ßÈ „®∑’®Ë –ªØ‘∫µ— µ‘ “¡À≈—°°“√¥—ß°≈à“« ‚¥¬‰¥â°”Àπ¥π‚¬∫“¬·≈–∑‘»∑“ß°“√¥”‡π‘πß“π¢Õß∫√‘…∑— „Àâ§«“¡ ”§—≠µàÕ√–∫∫°“√§«∫§ÿ¡·≈–°“√µ√«® Õ∫¿“¬„π °”°—∫¥Ÿ·≈ΩÉ“¬∫√‘À“√„Àâ¥”‡π‘π°“√µ“¡π‚¬∫“¬Õ¬à“ß¡’ª√– ‘∑∏‘¿“æ ‡æ◊ËÕª√–‚¬™πå„π√–¬–¬“«¢ÕßºŸâ∂◊ÕÀÿâπ ¿“¬„µâ °√Õ∫¢âÕ°”Àπ¥¢Õß°ÆÀ¡“¬·≈–®√‘¬∏√√¡∑“ß∏ÿ√°‘® 4.2 ‘∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπ „πªï 2548 §≥–°√√¡°“√∫√‘…—∑‰¥â®—¥„Àâ¡’°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ 2 §√—Èß ·∫àß‡ªìπª√–™ÿ¡ “¡—≠ª√–®”ªï ®”π«π 1 §√—Èß ·≈–ª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ ®”π«π 1 §√—Èß ‚¥¬∑—Èß 2 §√—Èß ®—¥ª√–™ÿ¡∑’Ë‚√ß·√¡Õ‘¡æ’‡√’¬≈§«’π åª“√å§ ·≈–∫√‘…—∑‰¥â®—¥ àß Àπ—ß ◊Õπ—¥ª√–™ÿ¡æ√âÕ¡∑—Èß¢âÕ¡Ÿ≈ª√–°Õ∫°“√ª√–™ÿ¡µ“¡«“√–µà“ßÊ „ÀâºŸâ∂◊ÕÀÿâπ∑√“∫≈à«ßÀπâ“°àÕπ«—πª√–™ÿ¡ 7 «—π ·≈– 14 «—π ‚¥¬„π·µà≈–«“√–¡’§«“¡‡ÀÁπ¢Õß§≥–°√√¡°“√ª√–°Õ∫ ·≈–¡’°“√∫—π∑÷°°“√ª√–™ÿ¡∂Ÿ°µâÕß §√∫∂â«π ‡æ◊ËÕ„ÀâºŸâ ∂◊ÕÀÿâπ “¡“√∂µ√«® Õ∫‰¥â ·≈–§≥–°√√¡°“√∫√‘…∑— ‰¥â®¥— √√‡ß‘π°”‰√À≈—ßÀ—°¿“…’‡ß‘π‰¥â·≈–®—¥ √√‡ªìπ‡ß‘π ”√Õßµ“¡°ÆÀ¡“¬·≈â«®—¥ √√‡ªìπ ‡ß‘πªíπº≈„ÀâºŸâ∂◊ÕÀÿâπ„πÕ—µ√“∑’Ëπà“æ÷ßæÕ„® 4.3 ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬ ∫√‘…—∑‰¥â„Àâ§«“¡ ”§—≠µàÕ ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°°≈ÿà¡ ‰¡à«à“®–‡ªìπºŸâ¡’ à«π‰¥â‡ ’¬¿“¬„π ‰¥â·°à æπ—°ß“π·≈– ºŸâ ∫√‘À“√¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ À√◊ÕºŸâ¡’ à«π‰¥â‡ ’¬¿“¬πÕ° ‰¥â·°à §Ÿà·¢àß ‡®â“Àπ’È¿“§√—∞·≈–Àπà«¬ß“πÕ◊ËπÊ ∑’Ë‡°’Ë¬«¢âÕß ‡π◊ËÕß®“°∫√‘…—∑µ√–Àπ—°∂÷ß·√ß π—∫ πÿπ®“°ºŸâ¡’ à«π‰¥â‡ ’¬µà“ßÊ ´÷Ëß®– √â“ß§«“¡ “¡“√∂„π°“√·¢àß¢—π·≈– √â“ß°”‰√„Àâ °—∫∫√‘…—∑œ ´÷Ëß∂◊Õ«à“‡ªìπ°“√ √â“ß§«“¡ ”‡√Á®„π√–¬–¬“«¢Õß∫√‘…—∑ 4.4 °“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ „π°“√ª√–™ÿ¡ºŸ∂â Õ◊ Àÿπâ „πªï 2548 π—πÈ ª√–∏“π„π∑’ªË √–™ÿ¡‰¥â‡ªî¥‚Õ°“ „Àâº∂âŸ Õ◊ Àÿπâ ¡’ ∑‘ ∏‘Õ¬à“ß‡∑à“‡∑’¬¡°—π„π°“√µ√«® Õ∫°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ Õ∫∂“¡·≈–· ¥ß§«“¡§‘¥‡ÀÁπ·≈–¢âÕ‡ πÕ·π–µà“ßÊ √«¡∑—Èß∫—π∑÷°ª√–‡¥Áπ´—°∂“¡·≈– ¢âÕ§‘¥‡ÀÁπ∑’Ë ”§—≠‰«â„π√“¬ß“π°“√ª√–™ÿ¡ (∂â“¡’) 4.5 ¿“«–ºŸâπ”·≈–«‘ —¬∑—»πå §≥–°√√¡°“√‰¥â¡ ’ «à π√à«¡„π°“√°”Àπ¥«‘ ¬— ∑—»πå ¿“√°‘® °≈¬ÿ∑∏å ‡ªÑ“À¡“¬ ·ºπ∏ÿ√°‘® ·≈–ß∫ª√–¡“≥¢Õß∫√‘…∑— µ≈Õ¥®π°”°—∫¥Ÿ·≈„ÀâΩ“É ¬®—¥°“√¥”‡π‘π°“√„Àâ‡ªìπ‰ªµ“¡·ºπ∏ÿ√°‘®·≈–ß∫ª√–¡“≥∑’°Ë ”Àπ¥‰«âÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ·≈– ª√– ‘∑∏‘º≈ ‡æ◊ËÕ‡æ‘Ë¡¡Ÿ≈§à“∑“ß‡»√…∞°‘® Ÿß ÿ¥„Àâ·°à°‘®°“√ ·≈–§«“¡¡—Ëπ§ß Ÿß ÿ¥„Àâ·°àºŸâ∂◊ÕÀÿâπ 4.6 §«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå √“¬°“√∑’ÕË “®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå §≥–°√√¡°“√‰¥âµ√–Àπ—°∂÷ß√“¬°“√∑’¡Ë §’ «“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ·≈–√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π ·≈–‰¥âæ‘®“√≥“§«“¡‡À¡“– ¡Õ¬à“ß√Õ∫§Õ∫∑ÿ°§√—Èß √«¡∑—Èß¡’°“√ªØ‘∫—µ‘µ“¡À≈—°‡°≥±å¢Õß µ≈“¥À≈—°∑√—æ¬å ‚¥¬√“§“·≈–‡ß◊ÕË π‰¢‡ ¡◊Õπ∑”√“¬°“√°—∫∫ÿ§§≈¿“¬πÕ° (Armûs Length Basis) ·≈–‰¥â‡ªî¥‡º¬√“¬≈–‡Õ’¬¥ ¡Ÿ≈§à“√“¬°“√ µ“¡√“¬≈–‡Õ’¬¥„πÀ—«¢âÕ√“¬°“√√–À«à“ß°—π

19 Annual Report 2005

4.7 ®√‘¬∏√√¡∏ÿ√°‘® ∫√‘…∑— ‰¥âÕÕ°¢âÕæ÷ßªØ‘∫µ— ‡‘ °’¬Ë «°—∫®√√¬“∫√√≥¢Õß§≥–°√√¡°“√ ΩÉ“¬®—¥°“√ ·≈–æπ—°ß“π ‡æ◊ÕË „Àâº∑âŸ ‡Ë’ °’¬Ë «¢âÕß¬÷¥∂◊Õ ‡ªìπ·π«∑“ß„π°“√ªØ‘∫—µ‘Àπâ“∑’Ëµ“¡¿“√°‘®¢Õß∫√‘…—∑¥â«¬§«“¡´◊ËÕ —µ¬å ÿ®√‘µ ·≈–‡∑’Ë¬ß∏√√¡ ∑—Èß°“√ªØ‘∫—µ‘µàÕ∫√‘…—∑ ·≈–ºŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°°≈ÿà¡ “∏“√≥™π ·≈– —ß§¡ ‚¥¬„ÀâºŸâ∑’Ë‡°’Ë¬«¢âÕß‰¥â≈ßπ“¡√—∫∑√“∫·≈–∂◊ÕªØ‘∫—µ‘ ´÷Ëß∫√‘…—∑‰¥âµ‘¥µàÕ ◊ËÕ “√°—∫æπ—°ß“πÕ¬à“ß ¡Ë”‡ ¡Õ ·≈–µ‘¥µ“¡°“√ªØ‘∫—µ‘µ“¡·π«∑“ß¥—ß°≈à“«‡ªìπª√–®” √«¡∂÷ß°”Àπ¥∫∑≈ß‚∑…∑“ß «‘π—¬‰«â¥â«¬ 4.8 °“√∂à«ß¥ÿ≈¢Õß°√√¡°“√∑’Ë‰¡à‡ªìπºŸâ∫√‘À“√ §≥–°√√¡°“√∫√‘…—∑¡’®”π«π 9 ∑à“π ª√–°Õ∫¥â«¬ °√√¡°“√∑’Ë‡ªìπºŸâ∫√‘À“√ 5 ∑à“π °√√¡°“√∑’Ë‰¡à‰¥â‡ªìπºŸâ∫√‘À“√ 1 ∑à“π ·≈–°√√¡°“√∑’Ë‡ªìπÕ‘ √– 3 ∑à“π (§‘¥‡ªìπ√âÕ¬≈– 33.33 ¢Õß°√√¡°“√∑—Èß§≥–) 4.9 °“√√«¡À√◊Õ·¬°µ”·Àπàß ª√–∏“π°√√¡°“√°—∫°√√¡°“√ºŸ®â ¥— °“√‡ªìπ∫ÿ§§≈‡¥’¬«°—π Õ¬à“ß‰√°Áµ“¡‡æ◊ÕË „Àâ‡°‘¥°“√∂à«ß¥ÿ≈¬å·≈–°“√ Õ∫∑“π°“√ ∫√‘À“√ß“π ‚§√ß √â“ß§≥–°√√¡°“√¢Õß∫√‘…—∑ ª√–°Õ∫¥â«¬°√√¡°“√∑’Ë‡ªìπÕ‘ √– 1 „π 3 ¢Õß°√√¡°“√∑—Èß§≥– 4.10 §à“µÕ∫·∑π°√√¡°“√·≈–ºŸâ∫√‘À“√ §à“µÕ∫·∑πºŸ∫â √‘À“√‡ªìπ‰ªµ“¡À≈—°°“√·≈–π‚¬∫“¬∑’§Ë ≥–°√√¡°“√∫√‘…∑— °”Àπ¥ ´÷ßË ‡™◊ÕË ¡‚¬ß°—∫º≈°“√¥”‡π‘πß“π ¢Õß∫√‘…—∑·≈–º≈°“√¥”‡π‘πß“π¢ÕßºŸâ∫√‘À“√·µà≈–∑à“π ‚¥¬®”π«π§à“µÕ∫·∑π„πªï 2548 ‰¥â√–∫ÿ√“¬≈–‡Õ’¬¥„πÀ—«¢âÕ ‚§√ß √â“ß°“√∂◊ÕÀÿâπ·≈–°“√®—¥°“√ ¢âÕ (3) §à“µÕ∫·∑π°√√¡°“√·≈–ºŸâ∫√‘À“√ 4.11 °“√ª√–™ÿ¡§≥–°√√¡°“√ §≥–°√√¡°“√¡’°“√°”Àπ¥ª√–™ÿ¡‚¥¬ª°µ‘‡ªìπª√–®”∑ÿ°‰µ√¡“ ·≈–¡’°“√ª√–™ÿ¡æ‘‡»…‡æ‘¡Ë ‡µ‘¡µ“¡§«“¡®”‡ªìπ ‚¥¬¡’°“√°”Àπ¥«“√–™—¥‡®π≈à«ßÀπâ“ ·≈–¡’«“√–æ‘®“√≥“µ‘¥µ“¡º≈°“√¥”‡π‘πß“π‡ªìπª√–®” ΩÉ“¬‡≈¢“πÿ°“√∫√‘…—∑‰¥â ®—¥Àπ—ß ◊Õ‡™‘≠ª√–™ÿ¡æ√âÕ¡√–‡∫’¬∫«“√–°“√ª√–™ÿ¡·≈–‡Õ° “√°àÕπ°“√ª√–™ÿ¡≈à«ßÀπâ“ 7 «—π ‡æ◊ËÕ„Àâ§≥–°√√¡°“√‰¥â ¡’‡«≈“»÷°…“¢âÕ¡Ÿ≈Õ¬à“ß‡æ’¬ßæÕ°àÕπ‡¢â“√à«¡ª√–™ÿ¡ ª°µ‘°“√ª√–™ÿ¡·µà≈–§√—ßÈ ®–„™â‡«≈“ª√–¡“≥ 2 ™—«Ë ‚¡ß ‚¥¬„πªï 2548 ∑’Ëºà“π¡“ §≥–°√√¡°“√¡’°“√ª√–™ÿ¡®”π«π 7 §√—Èß 4.12 §≥–Õπÿ°√√¡°“√ §≥–°√√¡°“√∫√‘…—∑‰¥â·µàßµ—Èß§≥–Õπÿ°√√¡°“√‡æ◊ËÕ™à«¬„π°“√°”°—∫¥Ÿ·≈°‘®°“√¢Õß∫√‘…—∑œ ¥—ßπ’È §≥–°√√¡°“√µ√«® Õ∫ : ‰¥â®—¥µ—Èß¢÷Èπ‡¡◊ËÕ«—π∑’Ë 23 ‘ßÀ“§¡ 2545 ¡’«“√–°“√¥”√ßµ”·Àπàß§√“«≈– 2 ªï ª√–°Õ∫ ¥â«¬°√√¡°“√ 3 ∑à“π ∑ÿ°∑à“π‡ªìπ°√√¡°“√∑’Ë‡ªìπÕ‘ √– ·≈–‡¡◊ËÕ«—π∑’Ë 11 ‘ßÀ“§¡ 2547 ∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑§√—Èß∑’Ë 4/2547 Õπÿ¡—µ‘„Àâ°√√¡°“√∑—Èß 3 ∑à“π¥”√ßµ”·Àπàß°√√¡°“√µ√«® Õ∫Õ’°«“√–Àπ÷Ëß ´÷Ëß¡’¢Õ∫‡¢µÕ”π“®Àπâ“∑’Ëµ“¡√“¬ ≈–‡Õ’¬¥∑’Ë‰¥â√–∫ÿ„πÀ—«¢âÕ‚§√ß √â“ß°“√∂◊ÕÀÿâπ·≈–°“√®—¥°“√ ¢âÕ (1) ‚§√ß √â“ß§≥–°√√¡°“√ 4.13 √–∫∫°“√§«∫§ÿ¡·≈–°“√µ√«® Õ∫¿“¬„π µ“¡√“¬≈–‡Õ’¬¥∑’Ë√–∫ÿÕ¬Ÿà„πÀ—«¢âÕ‚§√ß √â“ß°“√∂◊ÕÀÿâπ·≈–°“√®—¥°“√ ¢âÕ (6) °“√§«∫§ÿ¡¿“¬„π 4.14 √“¬ß“π¢Õß§≥–°√√¡°“√ §≥–°√√¡°“√∫√‘…∑— ‡ªìπºŸ√â ∫— º‘¥™Õ∫µàÕß∫°“√‡ß‘π√«¡¢Õß∫√‘…∑— ·≈–∫√‘…∑— ¬àÕ¬ ·≈– “√ π‡∑»∑“ß°“√‡ß‘π∑’ªË √“°Ø „π√“¬ß“πª√–®”ªï ß∫°“√‡ß‘π¥—ß°≈à“«®—¥∑”¢÷Èπµ“¡¡“µ√∞“π°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª„πª√–‡∑»‰∑¬ ‚¥¬‡≈◊Õ°„™â π‚¬∫“¬∫—≠™’∑‡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≈ ”§—≠‡æ’¬ßæÕ„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π §≥–°√√¡°“√∫√‘…∑— ¡’§«“¡‡ÀÁπ«à“√–∫∫§«∫§ÿ¡¿“¬„π¢Õß∫√‘…∑— ‚¥¬√«¡Õ¬Ÿ„à π√–¥—∫∑’πË “à æÕ„® ·≈– “¡“√∂ √â“ß §«“¡‡™◊ËÕ¡—ËπÕ¬à“ß¡’‡Àµÿº≈µàÕ§«“¡‡™◊ËÕ∂◊Õ‰¥â¢Õßß∫°“√‡ß‘π¢Õß∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 4.15 §«“¡ —¡æ—π∏å°—∫ºŸâ≈ß∑ÿπ §≥–°√√¡°“√∫√‘…—∑µ√–Àπ—°¥’«à“¢âÕ¡Ÿ≈¢Õß∫√‘…—∑∑—Èß∑’Ë‡°’Ë¬«°—∫°“√‡ß‘π·≈–∑’Ë‰¡à„™à°“√‡ß‘π ≈â«π¡’º≈µàÕ°√–∫«π°“√ µ—¥ ‘π„®¢ÕßºŸâ≈ß∑ÿπ·≈–ºŸâ¡’ à«π‰¥â à«π‡ ’¬¢Õß∫√‘…—∑ ®÷ß‰¥â°”™—∫„ÀâΩÉ“¬∫√‘À“√¥”‡π‘π°“√„π‡√◊ËÕß∑’Ë‡°’Ë¬«°—∫°“√‡ªî¥‡º¬ ¢âÕ¡Ÿ≈∑’Ë§√∫∂â«π µ√ßµàÕ§«“¡‡ªìπ®√‘ß ‡™◊ËÕ∂◊Õ‰¥â ¡Ë”‡ ¡Õ ·≈–∑—π‡«≈“ ´÷ËßΩÉ“¬∫√‘À“√¢Õß∫√‘…—∑‰¥â„Àâ§«“¡ ”§—≠·≈– ¬÷¥∂◊ÕªØ‘∫—µ‘¡“‚¥¬µ≈Õ¥ „π à«π¢Õßß“π¥â“πºŸâ≈ß∑ÿπ —¡æ—π∏åπ—Èπ ∫√‘…—∑¬—ß‰¡à‰¥â®—¥µ—ÈßÀπà«¬ß“π¢÷Èπ‡©æ“– ·µà‰¥â¡Õ∫ À¡“¬„Àâ√Õßª√–∏“π°√√¡°“√∫√‘À“√ “¬∫—≠™’°“√‡ß‘π ∑”Àπâ“∑’Ëµ‘¥µàÕ ◊ËÕ “√°—∫ºŸâ≈ß∑ÿπ ∂“∫—π ºŸâ∂◊ÕÀÿâπ √«¡∑—Èßπ—° «‘‡§√“–Àå·≈–¿“§√—∞∑’Ë‡°’Ë¬«¢âÕß ‡π◊ËÕß®“°°‘®°√√¡„π‡√◊ËÕß¥—ß°≈à“«¬—ß‰¡à¡“°π—° ´÷ËßºŸâ≈ß∑ÿπ “¡“√∂µ‘¥µàÕ¢Õ∑√“∫¢âÕ¡Ÿ≈ ∫√‘…—∑‰¥â∑’Ë À¡“¬‡≈¢‚∑√»—æ∑å 0-2332-0345 (15 “¬) À√◊Õ∑’Ë Website : powerlinegroup.com

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(6) °“√§«∫§ÿ¡¿“¬„π ∫√‘…—∑‰¥â„Àâ§«“¡ ”§—≠µàÕ√–∫∫§«∫§ÿ¡¿“¬„π∑—Èß√–¥—∫∫√‘À“√ ·≈–√–¥—∫ªØ‘∫—µ‘ß“π ‚¥¬°”Àπ¥¿“√–Àπâ“∑’Ë·≈–Õ”π“®°“√ ¥”‡π‘π°“√¢ÕßºŸâ∫√‘À“√ ·≈–ºŸâªØ‘∫—µ‘ß“π‰«âÕ¬à“ß™—¥‡®π ¡’°“√§«∫§ÿ¡¥Ÿ·≈°“√„™â ‘π∑√—æ¬å¢Õß∫√‘…—∑„Àâ‡°‘¥ª√–‚¬™πå πÕ°®“°π’È¬—ß¡’ °“√§«∫§ÿ¡¿“¬„π∑’‡Ë °’¬Ë «°—∫√–∫∫°“√‡ß‘π ‚¥¬®—¥„Àâ¡√’ –∫∫°“√√“¬ß“π∑“ß°“√‡ß‘π‡ πÕºŸ∫â √‘À“√„π “¬ß“π∑’√Ë ∫— º‘¥¢Õ∫Õ¬à“ß ¡Ë”‡ ¡Õ ∫√‘…—∑¡’·ºπ°µ√«® Õ∫¿“¬„π∑”Àπâ“∑’Ëµ√«® Õ∫‡æ◊ËÕ„Àâ¡—Ëπ„®«à“°“√ªØ‘∫—µ‘ß“π·≈–°‘®°√√¡∑“ß°“√‡ß‘π∑’Ë ”§—≠¢Õß∫√‘…—∑ ‡ªìπ‰ªµ“¡·π«∑“ß∑’Ë°”Àπ¥·≈–¡’ª√– ‘∑∏‘¿“æ ·≈–‡æ◊ËÕ„Àâ·ºπ°¥—ß°≈à“«¡’§«“¡‡ªìπÕ‘ √– “¡“√∂∑”Àπâ“∑’Ëµ√«® Õ∫·≈–∂à«ß¥ÿ≈ ‰¥âÕ¬à“ß‡µÁ¡∑’Ë §≥–°√√¡°“√®÷ß°”Àπ¥„Àâ·ºπ°µ√«® Õ∫¿“¬„π√“¬ß“πº≈°“√µ√«® Õ∫‚¥¬µ√ßµàÕ§≥–°√√¡°“√ µ√«® Õ∫ ∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π∑’Ë¡’§«“¡‡æ’¬ßæÕ·≈–‡À¡“– ¡µ“¡‡°≥±å∑’Ë°”Àπ¥∑ÿ°ª√–°“√ πÕ°®“°π’È¬—ß¡’π‚¬∫“¬ §«∫§ÿ¡·≈–µ√«® Õ∫„π¥â“πµà“ßÊ 5 à«π §◊Õ Õß§å°√·≈– ¿“æ·«¥≈âÕ¡ °“√∫√‘À“√§«“¡‡ ’Ë¬ß °“√§«∫§ÿ¡°“√ªØ‘∫—µ‘ß“π¢ÕßΩÉ“¬ ∫√‘À“√ √–∫∫ “√ π‡∑»·≈–°“√ ◊ËÕ “√¢âÕ¡Ÿ≈ ·≈–√–∫∫°“√µ‘¥µ“¡ ‚¥¬‡©æ“–„π¥â“π°“√„™â®à“¬‡ß‘π∑ÿ°ª√–‡¿∑ ‡æ◊ËÕ„ÀâºŸâ∂◊ÕÀÿâπ‡°‘¥ §«“¡¡—Ëπ„®«à“∫√‘…—∑‰¥â„™â‡ß‘π¥â«¬§«“¡√–¡—¥√–«—ß·≈–¡’ª√– ‘∑∏‘¿“æ´÷Ëß∑”„Àâ∫√‘…—∑ “¡“√∂∫√√≈ÿ«—µ∂ÿª√– ß§å∑’Ëµ—Èß‰«â‰¥âÕ¬à“ß ª√–À¬—¥·≈– ¡‡Àµÿ ¡º≈ π‚¬∫“¬§«∫§ÿ¡¥—ß°≈à“«§√Õ∫§≈ÿ¡∂÷ß°“√„Àâ¡°’ “√ªØ‘∫µ— µ‘ “¡°Æ√–‡∫’¬∫·≈–π‚¬∫“¬µà“ßÊ °“√∫—π∑÷°√“¬°“√∑“ß∫—≠™’∑‡Ë’ ™◊ÕË ∂◊Õ‰¥â ‚¥¬¡’≈—°…≥–¥—ßπ’È ë ë ë ë

√“¬°“√∑ÿ°√“¬°“√‰¥â®—¥∑”¢÷Èπ‚¥¬¡’°“√Õπÿ¡—µ‘®“°ºŸâ∫√‘À“√ ·≈–/À√◊Õ ºŸâ¡’Õ”π“®‡©æ“– √“¬°“√∑ÿ°√“¬°“√∑’Ëπ”‰ª∫—π∑÷°∫—≠™’‡ªìπ√“¬°“√∑’Ë∂Ÿ°µâÕßµ“¡¡“µ√∞“π∫—≠™’∑’Ë√—∫√Õß‚¥¬∑—Ë«‰ª °“√‡¢â“∂÷ß ‘π∑√—æ¬åµà“ßÊ µâÕß‰¥â√—∫Õπÿ≠“µ®“°ºŸâ∫√‘À“√ ·≈–/À√◊Õ ºŸâ¡’Õ”π“®‡©æ“– ∫—π∑÷°√“¬°“√‡°’Ë¬«°—∫ ‘π∑√—æ¬åµà“ßÊ ¥â«¬§«“¡√–¡—¥√–«—ß·≈–¡’§«“¡√—∫º‘¥™Õ∫µàÕ¢âÕ¡Ÿ≈∑’Ë∫—π∑÷° ¡’°“√µ√«® Õ∫°—∫ ∑√—æ¬å ‘π®√‘ß ·≈–ª√–‡¡‘π√“§“µ“¡ ¿“æ∑’Ë·∑â®√‘ß

πÕ°®“°π’È ∫√‘…—∑¬—ß‰¥âπ”√–∫∫°“√§«∫§ÿ¡¿“¬„π¥—ß°≈à“«‰ª„™â°—∫¬Ÿπ‘¡“´÷Ëß‡ªìπ∫√‘…—∑¬àÕ¬¢Õß∫√‘…—∑¥â«¬ ¥—ßπ—Èππ—°≈ß∑ÿπ®÷ß “¡“√∂‡™◊ËÕ¡—Ëπ‰¥â«à“∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’°“√§«∫§ÿ¡¿“¬„π∑’Ë√—¥°ÿ¡‡æ’¬ßæÕ∑’Ë®–ªÑÕß°—π√—°…“∑√—æ¬å ‘π¡‘„Àâ‰¥â√—∫§«“¡‡ ’¬À“¬∑’Ë Õ“®‡°‘¥¢÷Èπ®“°°“√„™â·≈–®”Àπà“¬‚¥¬¡‘™Õ∫ À√◊Õ°√–∑”‚¥¬ºŸâ∑’Ë‰¡à¡’Õ”π“®Õ¬à“ß‡æ’¬ßæÕ √«¡∑—Èß∫√‘…—∑¬—ß„Àâ§«“¡ ”§—≠°—∫°“√ µ√«® Õ∫¿“¬„π (Internal Audit) ‚¥¬¡’·ºπ°µ√«® Õ∫¿“¬„π∑’Ë¡’§«“¡√Ÿâ §«“¡™”π“≠ ‡™◊ËÕ∂◊Õ‰¥â “¡“√∂ª√–‡¡‘πº≈·≈–√“¬ß“π º≈„Àâ§≥–°√√¡°“√µ√«® Õ∫·≈–°√√¡°“√∑√“∫‡ªìπ√–¬–Ê ¡Ë”‡ ¡Õ

21 Annual Report 2005

§”Õ∏‘∫“¬·≈–°“√«‘‡§√“–Àå∞“π–°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“π °“√«‘‡§√“–Àå∞“π–∑“ß°“√‡ß‘π ”À√—∫ªï 2548 ‡ª√’¬∫‡∑’¬∫ªï 2547 º≈°“√¥”‡π‘πß“π √“¬‰¥â √“¬‰¥â®“°°“√„Àâ∫√‘°“√¢Õß°≈ÿà¡∫√‘…—∑‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 24.52 ®“°®”π«π 4,214.87 ≈â“π∫“∑ „πªï 2547 ‡ªìπ®”π«π 5,248.69 ≈â“π∫“∑ „πªï 2548 ´÷Ëß¡’ “‡Àµÿ ”§—≠§◊Õ ∫√‘…—∑‰¥â‡√‘Ë¡¡’°“√√—∫√Ÿâ‚§√ß°“√∑’Ë‰¥â®“°ß“πµà“ßª√–‡∑»‚¥¬‡©æ“–ª√–‡∑»°“µ“√å

µâπ∑ÿπ„π°“√„Àâ∫√‘°“√ µâπ∑ÿπ„π°“√„Àâ∫√‘°“√¢Õß°≈ÿà¡∫√‘…—∑„πªï 2547 ·≈– 2548 ¡’®”π«π 3,685.67 ≈â“π∫“∑ ·≈– 4,540.22 ≈â“π∫“∑ ‚¥¬§‘¥‡ªìπ Õ—µ√“°”‰√¢—Èπµâπ¢Õß°≈ÿà¡∫√‘…—∑√âÕ¬≈– 12.55 ·≈–√âÕ¬≈– 13.49 µ“¡≈”¥—∫ °“√ª√—∫µ—«‡æ‘Ë¡¢÷Èπ¢ÕßÕ—µ√“°”‰√¢—Èπµâπ¢Õß°≈ÿà¡∫√‘…—∑¡’ “‡Àµÿ¡“®“°°“√®—¥°“√‚§√ß°“√·≈–°“√®—¥´◊ÈÕ∑’Ë¡’ª√– ‘∑∏‘¿“æ

§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘°“√ °≈ÿà¡∫√‘…—∑¡’§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘°“√¢Õß°≈ÿà¡ ”À√—∫ß«¥ªï 2547 ·≈– 2548 ®”π«π 166 ≈â“π∫“∑ ·≈– 355.1 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 3.9 ·≈– √âÕ¬≈– 6.76% ¢Õß√“¬‰¥â®“°°“√„Àâ∫√‘°“√ µ“¡≈”¥—∫ ‚¥¬ —¥ à«π∑’Ë‡æ‘Ë¡¢÷Èπ‡π◊ËÕß®“°§à“„™â®à“¬‡ß‘π‡¥◊Õπ·≈– «— ¥‘°“√æπ—°ß“π∑’Ë Ÿß¢÷Èπ Õ—π‡ªìπº≈¡“®“°°“√¢¬“¬ß“π¢Õß∫√‘…—∑ ‚¥¬∫√‘…—∑‰¥â«à“®â“ßæπ—°ß“π‡æ‘Ë¡¢÷Èπ®“°®”π«π 740 §π ≥ ‘Èπªï 2547 ‡ªìπ 807 §π ≥ ‘Èπªï 2548 ·≈–¡’°“√µ—Èß ”√ÕßÀπ’È Ÿ≠ ®”π«π 112 ≈â“π∫“∑

°”‰√®“°°“√¥”‡π‘πß“π °”‰√®“°°“√¥”‡π‘πß“π¢Õß°≈ÿà¡„πªï 2548 ‡∑à“°—∫ 400 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 24 ≈â“π∫“∑ ‡¡◊ËÕ‡∑’¬∫°—∫ªï 2547 ®”π«π 376 ≈â“π ∫“∑ ‡π◊ËÕß¡“®“°§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘°“√ Ÿß¢÷Èπ ª√–°Õ∫°—∫°“√µ—Èß ”√ÕßÀπ’È Ÿ≠∑’Ë‡æ‘Ë¡¢÷Èπ ·≈–§à“ª√—∫≈¥¡Ÿ≈§à“∑√—æ¬å ‘π Õ—µ√“°”‰√®“°°“√¥”‡π‘πß“π / √“¬‰¥â ®÷ß≈¥®“°ªï 2547 ∑’Ë 8.89% ‡ªìπ 7.56% „πªï 2548

°”‰√ ÿ∑∏‘ ®“°º≈°“√¥”‡π‘πß“π∑’Ë°≈à“«¡“¢â“ßµâπ°≈ÿà¡∫√‘…—∑¡’°”‰√ ÿ∑∏‘√«¡‡∑à“°—∫ 276.1 ≈â“π∫“∑ ·≈– 242 ≈â“π∫“∑ ”À√—∫ß«¥ªï 2547 ·≈– 2548 µ“¡≈”¥—∫ ´÷Ëß§‘¥‡ªìπÕ—µ√“ à«π°”‰√ ÿ∑∏‘‡∑à“°—∫√âÕ¬≈– 6.53 ·≈–√âÕ¬≈– 4.57 µ“¡≈”¥—∫

∞“π–°“√‡ß‘π ‘π∑√—æ¬å ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 °≈ÿà¡∫√‘…—∑¡’ ‘π√—æ¬å√«¡®”π«π 5,426.82 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 93.60 ®“°ªï 2547 ´÷Ëß¡’®”π«π 2,803.21 ≈â“π∫“∑ °“√¢¬“¬µ—«∑“ß∏ÿ√°‘®∑”„Àâ°≈ÿà¡∫√‘…—∑¡’≈Ÿ°Àπ’È‡æ‘Ë¡¢÷Èπ®“°ªï 2547 ®”π«π 1,072 ≈â“π∫“∑ ‡ªìπ®”π«π 2,790 ≈â“π∫“∑ „πªï 2548 √–¬–‡«≈“‡°Á∫Àπ’È‡©≈’Ë¬¢Õß°≈ÿà¡∫√‘…—∑‡æ‘Ë¡¢÷Èπ®“° 54 «—π „πªï 2547 ‡ªìπ 119 «—π „πªï 2548 ‡π◊ËÕß®“°‚§√ß°“√‚∫ä‡∫ä (∫®°. ∫”√ÿß‡¡◊Õß æ≈“´à“) ·≈–‚§√ß°“√®—ß´’≈Õπ (∫®°.¿Ÿ‡°Áµ ·§«√å) ¡’ªí≠À“°“√™”√–Àπ’È ´÷Ëßªí®®ÿ∫—π‰¥â¡’°“√‡®√®“‡æ◊ËÕ·°â‰¢Àπ’È·≈â« à«π‚§√ß°“√®—ß´’ ≈Õπ Õ¬Ÿà√–À«à“ß°“√æ‘®“√≥“§¥’„π»“≈≈â¡≈–≈“¬°≈“ß ¡’¡Ÿ≈§à“ß“π∑’Ë‡ √Á®·µà¬—ß‰¡à‡√’¬°‡°Á∫‡æ‘Ë¡¢÷Èπ®“°ªï 2547 ®”π«π 944 ≈â“π∫“∑ ‡ªìπ®”π«π 1,138 ≈â“π∫“∑„πªï 2548 √–¬–‡«≈“™”√–Àπ’È„πªï 2547 ·≈– 2548 ‡∑à“°—∫ 98 «—π ·≈– 114 «—π µ“¡≈”¥—∫ √–¬–‡«≈“ ™”√–Àπ’È ”À√—∫ªï 2548 ‡æ‘Ë¡¢÷Èπ‡¡◊ËÕ‡∑’¬∫°—∫ªï 2547 ‡π◊ËÕß®“°°≈ÿà¡∫√‘…—∑‰¥â‡®√®“·≈–‰¥â¡“´÷Ëß√–¬–‡«≈“°“√™”√–Àπ’È∑’Ë¬“«¢÷Èπ

√“¬ß“πª√–®”ªï 2548 22

¿“æ§≈àÕß Õ—µ√“ à«π ¿“æ§≈àÕß¢Õß°≈ÿà¡∫√‘…—∑„πªï 2548 ‡∑à“°—∫ 2.14 ‡∑à“ ·≈–„πªï 2547 ‡∑à“°—∫ 1.57 ‡∑à“ ‚¥¬Õ—µ√“ à«π ¿“æ§≈àÕß ¢Õß∫√‘…—∑‡æ‘Ë¡¢÷Èπ „π¥â“π§«“¡ “¡“√∂„π°“√™”√–Àπ’Èπ—Èπ ≥ ‘Èπªï 2547 ·≈– 2548 °≈ÿà¡∫√‘…—∑¡’Õ—µ√“ à«π§«“¡ “¡“√∂„π°“√™”√–¥Õ°‡∫’È¬ 81 ‡∑à“ ·≈– 11 ‡∑à“ µ“¡≈”¥—∫

·À≈àß∑’Ë¡“‡ß‘π∑ÿπ Àπ’ È π‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 °≈ÿà¡∫√‘…—∑¡’Àπ’È ‘π√«¡∑—Èß ‘Èπ 2,270.12 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 45.95 ®“°ªï 2547 ´÷Ëß¡’®”π«π 1,555.46 ≈â“π∫“∑ ´÷Ëß¡’ “‡Àµÿ¡“®“°°“√‡æ‘Ë¡¢÷Èπ¢Õßµâπ∑ÿπß“π∑’Ë¬—ß‰¡à∂÷ß°”Àπ¥™”√–·≈–‡ß‘π√—∫≈à«ßÀπâ“®“°≈Ÿ°§â“·≈–‡®â“Àπ’°“√§â“ ∑—Èßπ’È ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 °≈ÿà¡∫√‘…—∑¡’¡Ÿ≈§à“µâπ∑ÿπß“π∑’Ë¬—ß‰¡à∂÷ß°”Àπ¥™”√–®”π«π 311.18 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 134.32 ®“°¡Ÿ≈§à“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 ´÷Ëß‡∑à“°—∫ 132.80 ≈â“π∫“∑ ¡’‡ß‘π√—∫≈à«ßÀπâ“®“°≈Ÿ°§â“¡Ÿ≈§à“ 644.83 ≈â“π∫“∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ‡æ‘Ë¡¢÷Èπ√âÕ¬≈– 110.28 ®“°¡Ÿ≈§à“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 ´÷Ëß‡∑à“°—∫ 306.65 ≈â“π∫“∑ ·≈–‡®â“Àπ’È°“√§â“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ¡’¡Ÿ≈§à“ 526.12 ≈â“π∫“∑ ≈¥≈ß√âÕ¬≈– 33.88 ®“°¡Ÿ≈§à“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 ´÷Ëß‡∑à“°—∫ 795.59 ≈â“π∫“∑

à«π¢ÕßºŸâ∂◊ÕÀÿâπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ∫√‘…—∑¡’ à«π¢ÕßºŸâ∂◊ÕÀÿâπ 3,156.69 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπª√–¡“≥ 1,908.95 ≈â“π∫“∑ ®“°ªï 2547 ´÷Ëß®”π«π 1,247.74 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ‡π◊ËÕß®“°¡’°“√‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π·≈– à«π‡°‘π¡Ÿ≈§à“Àÿâπ ¡’°”‰√√–À«à“ªï 241.87 ≈â“π∫“∑ ∫√‘…—∑¡’°“√ª√–°“»®à“¬ªíπº≈„Àâ·°àºŸâ∂◊ÕÀÿâπ ®”π«π 163.87 ≈â“π∫“∑ Õ—µ√“Àπ’È ‘πµàÕ∑ÿπ≈¥≈ß®“° 1.25 ‡∑à“ „πªï 2547 ‡ªìπ 0.72 ‡∑à“ „πªï 2548

23 Annual Report 2005

√“¬ß“π§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√∫√‘…—∑µàÕ√“¬ß“π∑“ß°“√‡ß‘π §≥–°√√¡°“√∫√‘…—∑‡ªìπºŸâ√—∫º‘¥™Õ∫µàÕß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ß∫°“√‡ß‘π¥—ß°≈à“« ®—¥¢÷Èπµ“¡¡“µ√∞“π°“√ ∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ‚¥¬‡≈◊Õ°„™âπ‚¬∫“¬∫—≠™’∑’Ë‡À¡“– ¡·≈–∂◊ÕªØ‘∫—µ‘Õ¬à“ß ¡Ë”‡ ¡Õ ·≈–„™â¥ÿ≈¬æ‘π‘®Õ¬à“ß√–¡—¥√–«—ß·≈– ª√–¡“≥°“√∑’Ë¥’∑’Ë ÿ¥„π°“√®—¥∑” √«¡∑—Èß°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ”§—≠Õ¬à“ß‡æ’¬ßæÕ„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π §≥–°√√¡°“√∫√‘…—∑‰¥â®—¥„Àâ¡’·≈–¥”√ß√—°…“‰«â´÷Ëß√–∫∫°“√§«∫§ÿ¡¿“¬„π∑’Ë¡’ª√– ‘∑∏‘º≈ ‡æ◊ËÕ„Àâ¡—Ëπ„®‰¥âÕ¬à“ß¡’‡Àµÿº≈ «à“°“√∫—π∑÷°∫—≠™’¡’§«“¡∂Ÿ°µâÕß §√∫∂â«π ·≈–‡æ’¬ßæÕ∑’Ë®–¥”√ß√—°…“‰«â´÷Ëß∑√—æ¬å ‘π¢Õß∫√‘…—∑ „π°“√π’È §≥–°√√¡°“√∫√‘…∑— ‰¥â·µàßµ—ßÈ §≥–°√√¡°“√µ√«® Õ∫ ´÷ßË ª√–°Õ∫¥â«¬°√√¡°“√∑’‡Ë ªìπÕ‘ √– ‡ªìπºŸ¥â ·Ÿ ≈√—∫º‘¥™Õ∫‡°’¬Ë « °—∫§ÿ≥¿“æ¢Õß√“¬ß“π∑“ß°“√‡ß‘π·≈–√–∫∫°“√§«∫§ÿ¡¿“¬„π ·≈–§«“¡‡ÀÁπ¢Õß§≥–°√√¡°“√µ√«® Õ∫ ‡°’Ë¬«°—∫‡√◊ËÕßπ’Èª√“°Ø „π√“¬ß“π¢Õß§≥–°√√¡°“√µ√«® Õ∫´÷Ëß‰¥â· ¥ß‰«â„π√“¬ß“πª√–®”ªïπ’È·≈â« §≥–°√√¡°“√∫√‘…—∑¡’§«“¡‡ÀÁπ«à“ √–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑‚¥¬√«¡ ¡’§«“¡‡æ’¬ßæÕ·≈–‡À¡“– ¡ ·≈– “¡“√∂ √â“ß§«“¡‡™◊ËÕ¡—ËπÕ¬à“ß¡’‡Àµÿº≈µàÕ§«“¡‡™◊ËÕ∂◊Õ‰¥â¢Õßß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548

(π“¬‡ «° »√’ ÿ™“µ) ª√–∏“π°√√¡°“√

√“¬ß“πª√–®”ªï 2548 24

§à“µÕ∫·∑π¢ÕßºŸâ Õ∫∫—≠™’ ∫√‘…—∑œ ‰¥â„Àâ∫√‘…—∑ ‡Õ‡Õ ∑’ ¡“ ‡µÕ√å ®”°—¥ ‚¥¬π“¬«‘™—¬ ®µÿ√“ππ∑å ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ‡≈¢∑’Ë 1431 À√◊Õπ“¬ª√–¥‘…∞å √Õ¥≈Õ¬∑ÿ°¢å ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ‡≈¢∑’Ë 218 ‡ªìπºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑ ·≈–„πªï 2548 §≥–°√√¡°“√∫√‘…—∑‡ÀÁπ ¡§«√„Àâ·µàßµ—Èß ∫√‘…—∑ ‡Õ‡Õ ∑’ ¡“ ‡µÕ√å ®”°—¥ ‚¥¬π“¬«‘™—¬ ®µÿ√“ππ∑å ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ‡≈¢∑’Ë 1431 À√◊Õπ“¬ª√–¥‘…∞å √Õ¥≈Õ¬∑ÿ°¢å ºŸâ Õ∫ ∫—≠™’√—∫Õπÿ≠“µ‡≈¢∑’Ë 218 ‡ªìπºŸâ Õ∫∫—≠™’ª√–®”ªï 2548 ‚¥¬°”Àπ¥§à“µ√«® Õ∫∫—≠™’√“¬ªï 220,000 ∫“∑ §à“µ√«® Õ∫ß∫°“√‡ß‘π √«¡√“¬ªï 50,000 ∫“∑ §à“ Õ∫∑“πß∫°“√‡ß‘π 3 ‰µ√¡“ ‰µ√¡“ ≈– 60,000 ∫“∑ ·≈–§à“ Õ∫∑“πß∫°“√‡ß‘π√«¡ 3 ‰µ√¡“ ‰µ√¡“ ≈– 30,000 ∫“∑ √«¡‡ªìπ§à“µÕ∫·∑π∑—Èß ‘Èπ 540,000 ∫“∑ Àπà«¬ : æ—π∫“∑

√“¬°“√§à“µ√«® Õ∫ §à“µ√«® Õ∫∫—≠™’√“¬ªï

®”π«π 220

§à“µ√«® Õ∫ß∫°“√‡ß‘π√«¡√“¬ªï

§à“ Õ∫∑“πß∫°“√‡ß‘π 3 ‰µ√¡“

180

§à“ Õ∫∑“πß∫°“√‡ß‘π√«¡ 3 ‰µ√¡“ √«¡

90 540

25 Annual Report 2005

√“¬ß“π¢ÕßºŸâµ√«® Õ∫∫—≠™’√—∫Õπÿ≠“µ·≈–ß∫°“√‡ß‘π ‡ πÕ §≥–°√√¡°“√·≈–ºŸâ∂◊ÕÀÿâπ ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ¢â“æ‡®â“‰¥âµ√«® Õ∫ß∫¥ÿ≈√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°”‰√¢“¥∑ÿπ√«¡ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢Õß ºŸ∂â Õ◊ Àÿπâ √«¡·≈–ß∫°√–· ‡ß‘π ¥√«¡ ”À√—∫ªï πÈ‘ ÿ¥«—π‡¥’¬«°—π¢Õß·µà≈–ªï¢Õß ∫√‘…∑— ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘ßË ®”°—¥ (¡À“™π) ∫√‘…∑— ¬àÕ¬·≈–°‘®°“√√à«¡§â“ ·≈–‰¥âµ√«® Õ∫ß∫¥ÿ≈ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°”‰√¢“¥∑ÿπ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π ¢ÕßºŸ∂â Õ◊ Àÿπâ ·≈–ß∫°√–· ‡ß‘π ¥ ”À√—∫ªï πÈ‘ ÿ¥«—π‡¥’¬«°—π¢Õß·µà≈–ªï¢Õß ∫√‘…∑— ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘ßË ®”°—¥ (¡À“™π) ´÷ßË ºŸ∫â √‘À“√ ¢Õß°‘®°“√‡ªìπºŸâ√—∫º‘¥™Õ∫µàÕ§«“¡∂Ÿ°µâÕß·≈–§√∫∂â«π¢Õß¢âÕ¡Ÿ≈„πß∫°“√‡ß‘π‡À≈à“π’È à«π¢â“æ‡®â“‡ªìπºŸâ√—∫º‘¥™Õ∫„π°“√· ¥ß §«“¡‡ÀÁπµàÕß∫°“√‡ß‘π¥—ß°≈à“«®“°º≈°“√µ√«® Õ∫¢Õß¢â“æ‡®â“ ¢â“æ‡®â“‰¡à‰¥âµ√«® Õ∫ß∫°“√‡ß‘π¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß∑’Ë√«¡Õ¬Ÿà „πß∫°“√‡ß‘π√«¡ ·≈–ß∫°“√‡ß‘π¢Õß∫√‘…—∑√à«¡·ÀàßÀπ÷Ëß∑’Ë„™â„π°“√§”π«≥‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡µ“¡«‘∏’ à«π‰¥â‡ ’¬ ¡’¬Õ¥√«¡ ‘π∑√—æ¬å¢Õß∫√‘…—∑¬àÕ¬·≈–‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ®”π«π‡ß‘π√«¡ 360.1 ≈â“π∫“∑ (§‘¥‡ªìπ√âÕ¬≈– 6.6 ¢Õß¬Õ¥ ‘π∑√—æ¬å√«¡) ¬Õ¥√«¡√“¬‰¥â¢Õß∫√‘…—∑¬àÕ¬·≈– à«π·∫àß¢“¥∑ÿπ„π∫√‘…—∑√à«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ®”π«π‡ß‘π√«¡ 69.5 ≈â“π∫“∑ ·≈– 0.7 ≈â“π∫“∑ (§‘¥‡ªìπ√âÕ¬≈– 1.3 ·≈– √âÕ¬≈– 0.01 ¢Õß¬Õ¥√“¬‰¥â√«¡·≈–§‘¥‡ªìπ √âÕ¬≈– 28.7 ·≈– √âÕ¬≈– 0.3 ¢Õß¬Õ¥°”‰√ ÿ∑∏‘√«¡) µ√«® Õ∫‚¥¬ºŸâ Õ∫∫—≠™’Õ◊Ëπ πÕ°®“°π’È ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑´÷Ëß¡’‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ·≈–∫√‘…—∑√à«¡¥—ß°≈à“« ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 §”π«≥µ“¡«‘∏’ à«π‰¥â‡ ’¬®”π«π‡ß‘π√«¡ 60.1 ≈â“π∫“∑ (§‘¥‡ªìπ√âÕ¬≈– 1.2 ¢Õß ¬Õ¥ ‘π∑√—æ¬å√«¡) ·≈– à«π·∫àß°”‰√„π∫√‘…—∑¬àÕ¬·≈– à«π·∫àß¢“¥∑ÿπ„π∫√‘…—∑√à«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ®”π«π ‡ß‘π 5.8 ≈â“π∫“∑ ·≈– 0.7 ≈â“π∫“∑ µ“¡≈”¥—∫ (§‘¥‡ªìπ√âÕ¬≈– 0.1 ·≈– √âÕ¬≈– 0.01 ¢Õß√“¬‰¥â ·≈– §‘¥‡ªìπ√âÕ¬≈– 2.4 ·≈– √âÕ¬≈– 0.3 ¢Õß °”‰√ ÿ∑∏‘) §”π«≥®“°ß∫°“√‡ß‘π∑’Ëµ√«® Õ∫‚¥¬ºŸâ Õ∫∫—≠™’Õ◊Ëπ ¢â“æ‡®â“‰¥â√—∫√“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’π—Èπ·≈–°“√‡ πÕ √“¬ß“π°“√µ√«® Õ∫¢Õß¢â“æ‡®â“ „π à«π∑’Ë‡°’Ë¬«¢âÕß°—∫®”π«π‡ß‘π¢Õß√“¬°“√µà“ßÊ ¢Õß∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡¥—ß°≈à“« ´÷Ëß√«¡ Õ¬Ÿà„πß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑∂◊Õµ“¡√“¬ß“π°“√µ√«® Õ∫¢ÕßºŸâ Õ∫∫—≠™’Õ◊Ëππ—Èπ ¢â“æ‡®â“‰¥âªØ‘∫µ— ß‘ “πµ√«® Õ∫µ“¡¡“µ√∞“π°“√ Õ∫∫—≠™’∑√Ë’ ∫— √Õß∑—«Ë ‰ª ´÷ßË °”Àπ¥„Àâ¢“â æ‡®â“µâÕß«“ß·ºπ·≈–ªØ‘∫µ— ß‘ “π‡æ◊ÕË „Àâ‰¥â§«“¡‡™◊ËÕ¡—ËπÕ¬à“ß¡’‡Àµÿº≈«à“ ß∫°“√‡ß‘π· ¥ß¢âÕ¡Ÿ≈∑’Ë¢—¥µàÕ¢âÕ‡∑Á®®√‘ßÕ—π‡ªìπ “√– ”§—≠À√◊Õ‰¡à °“√µ√«® Õ∫√«¡∂÷ß°“√„™â «‘∏’°“√∑¥ Õ∫À≈—°∞“πª√–°Õ∫√“¬°“√∑—Èß∑’Ë‡ªìπ®”π«π‡ß‘π·≈–°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈„πß∫°“√‡ß‘π °“√ª√–‡¡‘π§«“¡‡À¡“– ¡¢ÕßÀ≈—° °“√∫—≠™’∑’Ë°‘®°“√„™â·≈–ª√–¡“≥°“√‡°’Ë¬«°—∫√“¬°“√∑“ß°“√‡ß‘π∑’Ë‡ªìπ “√– ”§—≠ ´÷ËßºŸâ∫√‘À“√‡ªìπºŸâ®—¥∑”¢÷Èπ µ≈Õ¥®π°“√ª√–‡¡‘π ∂÷ß§«“¡‡À¡“– ¡¢Õß°“√· ¥ß√“¬°“√∑’Ëπ”‡ πÕ„πß∫°“√‡ß‘π‚¥¬√«¡ ¢â“æ‡®â“‡™◊ËÕ«à“°“√µ√«® Õ∫¥—ß°≈à“«„Àâ¢âÕ √ÿª∑’Ë‡ªìπ‡°≥±å Õ¬à“ß‡À¡“– ¡„π°“√· ¥ß§«“¡‡ÀÁπ¢Õß¢â“æ‡®â“ ®“°°“√µ√«® Õ∫¢Õß¢â“æ‡®â“·≈–√“¬ß“π°“√ Õ∫∫—≠™’¢ÕßºŸ â Õ∫∫—≠™’ÕπË◊ ¢â“æ‡®â“‡ÀÁπ«à“ ß∫°“√‡ß‘π¢â“ßµâππ’·È ¥ß∞“π–°“√‡ß‘π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 º≈°“√¥”‡π‘πß“π·≈–°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π¢Õß·µà≈–ªï¢Õß ∫√‘…—∑ ‡æ“‡«Õ√å ‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ∫√‘…—∑¬àÕ¬·≈–°‘®°“√√à«¡§â“ ·≈–¢Õß ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ‚¥¬∂Ÿ° µâÕßµ“¡∑’Ë§«√„π “√– ”§—≠µ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª

(π“¬«‘™—¬ ®µÿ√“ππ∑å) ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ ‡≈¢∑’Ë 1431 ∫√‘…—∑ ‡Õ‡Õ ∑’ ¡“ ‡µÕ√å ®”°—¥ «—π∑’Ë 1 ¡’π“§¡ 2549

√“¬ß“πª√–®”ªï 2548 26

ß∫¥ÿ≈ ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ∫√‘…—∑¬àÕ¬·≈–°‘®°“√√à«¡§â“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫“∑ ‘π∑√—æ¬å ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π≈ß∑ÿπ™—Ë«§√“« ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π °‘®°“√Õ◊Ëπ ¡Ÿ≈§à“ß“π∑’Ë‡ √Á®·µà¬—ß‰¡à‡√’¬°‡°Á∫ ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫ - ∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π - ÿ∑∏‘ ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫ - °‘®°“√Õ◊Ëπ ≈Ÿ°Àπ’È‡ß‘πª√–°—πº≈ß“π ß“π√–À«à“ß°àÕ √â“ß ‡ß‘π®à“¬≈à«ßÀπâ“ ”À√—∫‚§√ß°“√ - ÿ∑∏‘ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ ≈Ÿ°Àπ’È¿“…’¡Ÿ≈§à“‡æ‘Ë¡ ¿“…’‡ß‘π‰¥â∂Ÿ°À—° ≥ ∑’Ë®à“¬ Õ◊ËπÊ √«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π ‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡ ‡ß‘π≈ß∑ÿπ„π°‘®°“√√à«¡§â“ ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ ‡ß‘π≈ß∑ÿπ„πµ√“ “√Àπ’È·≈–µ√“ “√∑ÿπ ‡ß‘π≈ß∑ÿπ„πÕ —ßÀ“√‘¡∑√—æ¬å - ÿ∑∏‘ ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘ §à“§«“¡π‘¬¡ - ÿ∑∏‘ ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ ‡ß‘πΩ“°ª√–®”∑’Ëµ‘¥¿“√–§È”ª√–°—π ‡ß‘π¡—¥®”§à“∑’Ë¥‘π Õ◊ËπÊ √«¡ ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π √«¡ ‘π∑√—æ¬å

À¡“¬‡Àµÿ

ß∫°“√‡ß‘π√«¡ 2548 2547 190,137,690 64,136,400

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

6 7

211,676,706 351,150,956

155,832,746 160,933,394

174,396,360 64,136,400

5.2,8 8 9

441,051,499 1,705,620,218 1,138,326,860

1,833,154 430,334,733 648,973,750 1,626,809,461 944,995,563 1,106,911,245

2,247,098 643,011,073 929,557,231

5.2

7,226,637

5,704,131

7,087,048

27,965,915

10 11 12 13

164,675,723 441,659,846 203,405,926 120,357,521

198,619,970 225,447,701 126,078,154

430,903,310 178,095,145 106,931,233

195,394,636 225,447,701 122,882,553

3,734,709 15,062,977 2,250,267 14,791,767 44,873,919 16,574,219 40,454,112 12,296,305 22,120,296 7,556,232 8,189,006 7,508,471 4,855,880,816 2,445,119,941 4,254,731,700 2,419,635,510

14 15 16

49,289,225 -

270,188,069 49,289,225 746,774

7,591,446 635,785

17 18 19 20

40,099,950 47,112,362 259,048,073 4,856,815

30,099,950 60,095,585 165,360,430 5,936,108

40,099,950 47,112,362 249,716,649 -

30,099,950 60,095,585 163,480,780 -

124,513,913 73,490,091 75,997,217 73,490,091 15,000,000 31,015,947 23,104,972 25,414,538 23,104,972 570,936,285 358,087,136 758,564,784 358,498,609 5,426,817,101 2,803,207,077 5,013,296,484 2,778,134,119

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È 27 Annual Report 2005

ß∫¥ÿ≈ (µàÕ) ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ∫√‘…—∑¬àÕ¬·≈–°‘®°“√√à«¡§â“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫“∑ Àπ’ È π‘ ·≈– à«π¢ÕßºŸ∂â Õ◊ Àÿπâ À¡“¬‡Àµÿ Àπ’È ‘πÀ¡ÿπ‡«’¬π ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π 22 ‡®â“Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 5.2 - °‘®°“√Õ◊Ëπ ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß®à“¬ ®“°∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 5.2 ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“°∫ÿ§§≈Õ◊Ëπ 23 Àπ’È ‘π¿“¬„µâ —≠≠“‡™à“´◊ÈÕ∑’Ë§√∫°”Àπ¥ ™”√–¿“¬„πÀπ÷Ëßªï 26 µâπ∑ÿπ∑’Ë¬—ß‰¡à∂÷ß°”Àπ¥™”√– 12 ‡®â“Àπ’È‡ß‘πª√–°—πº≈ß“π 24 ‡ß‘π√—∫≈à«ßÀπâ“®“°≈Ÿ°§â“ 25 ¿“…’‡ß‘π‰¥â·≈–§à“„™â®à“¬§â“ß®à“¬ Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡Àπ’È ‘πÀ¡ÿπ‡«’¬π Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π Àπ’È ‘π¿“¬„µâ —≠≠“‡™à“´◊ÈÕ - ÿ∑∏‘ 26 ”√Õß‡º◊ËÕ¿“√–Àπ’È ‘π¢Õß°‘®°“√√à«¡§â“ - ÿ∑∏‘ 27 √«¡Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π √«¡Àπ’È ‘π à«π¢ÕßºŸâ∂◊ÕÀÿâπ ∑ÿπ‡√◊ÕπÀÿâπ - ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑ 28 ∑ÿπ®¥∑–‡∫’¬π Àÿâπ “¡—≠ 630,000,000 Àÿâπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 315,000,000 Àÿâπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 ∑ÿπ∑’ËÕÕ°·≈–™”√–·≈â« Àÿâπ “¡—≠ 503,062,850 Àÿâπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 268,631,150 Àÿâπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 à«π‡°‘π¡Ÿ≈§à“Àÿâπ ‡ß‘π√—∫≈à«ßÀπâ“§à“Àÿâπ 28 °”‰√ – ¡ ®—¥ √√‡æ◊ËÕ ”√Õßµ“¡°ÆÀ¡“¬ 4,29 ∑’Ë¬—ß‰¡à‰¥â®—¥ √√ √«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ∫√‘…—∑„À≠à à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ √«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ √«¡Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

√“¬ß“πª√–®”ªï 2548 28

ß∫°“√‡ß‘π√«¡ 2548 2547 550,680,410 3,710,086 521,621,570

221,324,779 9,944,693 785,647,448

4,500,737 -

256,986 5,814,256

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 550,680,410 1,426,086 464,367,338

221,324,779 11,203,521 782,051,355

2,772,975 844,361 512,339 844,361 311,182,817 132,840,226 272,948,840 128,264,065 75,712,223 51,239,824 70,418,383 44,975,569 644,836,445 306,648,984 371,775,368 304,721,484 146,751,931 33,237,334 131,833,591 31,526,681 7,291,304 7,466,435 5,642,293 7,426,808 2,269,060,498 1,555,265,326 1,869,604,648 1,532,338,623 1,058,045 200,047 401,348 200,047 1,058,045 200,047 401,348 200,047 2,270,118,543 1,555,465,373 1,870,005,996 1,532,538,670

630,000,000

503,062,850 1,991,450,801 -

315,000,000

630,000,000

315,000,000

268,631,150 503,062,850 392,063,450 1,991,450,801 26,493,600 -

268,631,150 392,063,450 26,493,600

43,600,000 31,500,000 43,600,000 31,500,000 605,176,837 526,907,249 605,176,837 526,907,249 3,143,290,488 1,245,595,449 3,143,290,488 1,245,595,449 13,408,070 2,146,255 3,156,698,558 1,247,741,704 3,143,290,488 1,245,595,449 5,426,817,101 2,803,207,077 5,013,296,484 2,778,134,119

ß∫°”‰√¢“¥∑ÿπ ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ∫√‘…—∑¬àÕ¬·≈–°‘®°“√√à«¡§â“ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫“∑ À¡“¬‡Àµÿ √“¬‰¥â √“¬‰¥â®“°°“√„Àâ∫√‘°“√ ¥Õ°‡∫’È¬√—∫ °”‰√®“°Õ—µ√“·≈°‡ª≈’Ë¬π‡ß‘πµ√“µà“ßª√–‡∑» §à“§«“¡π‘¬¡µ‘¥≈∫√—∫√Ÿâ‡ªìπ√“¬‰¥â à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ·≈–°‘®°“√√à«¡§â“ µ“¡«‘∏’ à«π‰¥â‡ ’¬ √“¬‰¥âÕ◊Ëπ √«¡√“¬‰¥â

ß∫°“√‡ß‘π√«¡ 2548 2547

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

5,248,696,023 4,214,875,345 4,992,175,386 4,170,688,893 5,900,781 3,584,691 4,097,548 5,292,565 6,372,290 5,619,668 169,151 2,425,521 19,037,747 591,956 34,244,030 10,258,287 28,113,270 9,483,252 5,297,638,645 4,228,718,323 5,049,043,619 4,186,225,817

§à“„™â®“à ¬ µâπ∑ÿπ„π°“√„Àâ∫√‘°“√ §à“„™â®à“¬„π°“√∫√‘À“√ Àπ’È ß —¬®– Ÿ≠ ¢“¥∑ÿπ®“°Õ—µ√“·≈°‡ª≈’Ë¬π‡ß‘πµ√“µà“ßª√–‡∑» à«π·∫àß¢“¥∑ÿπ®“°‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ∫√‘…—∑√à«¡·≈–°‘®°“√√à«¡§â“ µ“¡«‘∏’ à«π‰¥â‡ ’¬ §à“µÕ∫·∑π°√√¡°“√ √«¡§à“„™â®à“¬ °”‰√°àÕπ¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â ¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥â °”‰√À≈—ß¿“…’‡ß‘π‰¥â (°”‰√)¢“¥∑ÿπ ÿ∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π∫√‘…—∑¬àÕ¬ °”‰√ ÿ∑∏‘ °”‰√µàÕÀÿâπ °”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√µàÕÀÿâπª√—∫≈¥

4,540,222,131 3,685,678,475 4,333,627,017 3,642,964,786 242,586,136 164,013,830 208,177,540 157,456,706 112,518,287 1,750,988 110,877,974 1,188,919 275,554 710,775 2,873,162 8,016,902 1,280,000 1,025,000 1,280,000 1,025,000 4,897,317,329 3,852,743,847 4,656,835,693 3,810,652,313 400,321,316 375,974,476 392,207,926 375,573,504 (34,592,320) (4,585,736) (34,155,256) (4,590,676) (122,275,366) (95,415,467) (116,185,334) (94,905,810) 243,453,630 275,973,273 241,867,336 276,077,018 (1,586,294) 103,745 241,867,336 276,077,018 241,867,336 276,077,018

31 0.60 0.56

1.15 1.01

0.60 0.56

1.15 1.01

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È 29 Annual Report 2005

ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ∫√‘…—∑¬àÕ¬·≈–°‘®°“√√à«¡§â“ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π√«¡ / ∫“∑ °”‰√ – ¡ ‡ß‘π√—∫ ®—¥ √√ ∑ÿπ∑’ËÕÕ°·≈– à«π‡°‘π ≈à«ßÀπâ“ ‡æ◊ÕË ”√Õß ∑’Ë¬—ß‰¡à À¡“¬‡Àµÿ ™”√–·≈â« ¡Ÿ≈§à“Àÿπâ §à“Àÿπâ µ“¡°ÆÀ¡“¬ ®—¥ √√ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2547 210,365,750 217,267,250 56,131,600 21,036,575 339,833,184 ‡ß‘π√—∫≈à«ßÀπâ“§à“Àÿâπ 28 203,423,600 ‡æ‘Ë¡∑ÿπ 28 58,265,400 174,796,200 (233,061,600) ‡ß‘πªíπº≈®à“¬ 30 (78,539,528) ”√Õßµ“¡°ÆÀ¡“¬ ”√Õßµ“¡°ÆÀ¡“¬ °àÕπª√—∫ª√ÿß 5,826,540 (5,826,540) √“¬°“√ª√—∫ª√ÿß ”À√—∫ ”√Õßµ“¡°ÆÀ¡“¬ 4 4,636,885 (4,636,885) ”√Õßµ“¡°ÆÀ¡“¬ À≈—ßª√—∫ª√ÿß 29 10,463,425 (10,463,425) °”‰√ ÿ∑∏‘ 276,077,018 º≈°√–∑∫®“°°“√´◊ÈÕ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ¢“¥∑ÿπ ÿ∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π∫√‘…—∑¬àÕ¬ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 À≈—ßª√—∫ª√ÿß 268,631,150 392,063,450 26,493,600 31,500,000 526,907,249 ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 °àÕπª√—∫ª√ÿß √“¬°“√ª√—∫ª√ÿß ”À√—∫ ”√Õßµ“¡°ÆÀ¡“¬ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 À≈—ßª√—∫ª√ÿß ‡ß‘π√—∫≈à«ßÀπâ“§à“Àÿâπ ‡æ‘Ë¡∑ÿπ ‡ß‘πªíπº≈®à“¬ ”√Õßµ“¡°ÆÀ¡“¬ °”‰√ ÿ∑∏‘ º≈°√–∑∫®“°°“√´◊ÈÕ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ °”‰√ ÿ∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π∫√‘…—∑¬àÕ¬ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548

28 28 30 29

268,631,150

392,063,450

26,493,600

26,863,115

531,544,134

4,636,885

(4,636,885)

268,631,150 392,063,450 26,493,600 1,807,325,451 234,431,700 1,599,387,351 (1,833,819,051) -

√«¡

844,634,359 203,423,600 (78,539,528

276,077,018

2,250,000

(103,745)

2,146,255 1,247,741,704

2,146,255 1,247,741,704 -

2,146,255 1,247,741,704 1,807,325,451 (151,497,748) 241,867,336

9,675,521

1,586,294

43,600,000

605,176,837

503,062,850 1,991,450,801

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

√“¬ß“πª√–®”ªï 2548 30

31,500,000 526,907,249 (151,497,748) 12,100,000 (12,100,000) 241,867,336

à«π¢Õß ºŸ∂â Õ◊ Àÿπâ à«ππâÕ¬

13,408,070 3,156,698,558

ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ (µàÕ) ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ∫√‘…—∑¬àÕ¬·≈–°‘®°“√√à«¡§â“ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ / ∫“∑ °”‰√ – ¡ ‡ß‘π√—∫ ®—¥ √√ ∑ÿπ∑’ËÕÕ°·≈– à«π‡°‘π ≈à«ßÀπâ“ ‡æ◊ÕË ”√Õß ∑’Ë¬—ß‰¡à À¡“¬‡Àµÿ ™”√–·≈â« ¡Ÿ≈§à“Àÿπâ §à“Àÿπâ µ“¡°ÆÀ¡“¬ ®—¥ √√ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2547 ‡ß‘π√—∫≈à«ßÀπâ“§à“Àÿâπ ‡æ‘Ë¡∑ÿπ ‡ß‘πªíπº≈®à“¬ ”√Õßµ“¡°ÆÀ¡“¬ ”√Õßµ“¡°ÆÀ¡“¬°àÕπª√—∫ª√ÿß √“¬°“√ª√—∫ª√ÿß ”À√—∫ ”√Õßµ“¡°ÆÀ¡“¬ ”√Õßµ“¡°ÆÀ¡“¬À≈—ßª√—∫ª√ÿß °”‰√ ÿ∑∏‘ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 À≈—ßª√—∫ª√ÿß ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 °àÕπª√—∫ª√ÿß √“¬°“√ª√—∫ª√ÿß ”À√—∫ ”√Õßµ“¡°ÆÀ¡“¬ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 À≈—ßª√—∫ª√ÿß ‡ß‘π√—∫≈à«ßÀπâ“§à“Àÿâπ ‡æ‘Ë¡∑ÿπ ‡ß‘πªíπº≈®à“¬ ”√Õßµ“¡°ÆÀ¡“¬ °”‰√ ÿ∑∏‘ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548

28 28 30

4 29

28 28 30 29

210,365,750 58,265,400 -

217,267,250 56,131,600 203,423,600 174,796,200 (233,061,600) -

√«¡

21,036,575 -

339,833,184 844,634,359 203,423,600 (78,539,528) (78,539,528)

5,826,540 4,636,885 10,463,425 -

(5,826,540) (4,636,885) (10,463,425) 276,077,018 276,077,018

268,631,150

392,063,450

26,493,600

31,500,000

526,907,249 1,245,595,449

268,631,150 -

392,063,450 -

26,493,600 -

26,863,115 1,245,595,449 4,636,885 (4,636,885)

268,631,150 392,063,450 26,493,600 1,807,325,451 234,431,700 1,599,387,351 (1,833,819,051) 503,062,850 1,991,450,801 -

31,500,000 526,907,249 1,245,595,449 1,807,325,451 (151,497,748) (151,497,748) 12,100,000 (12,100,000) 241,867,336 241,867,33 43,600,000 605,176,837 3,143,290,488

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È 31 Annual Report 2005

ß∫°√–· ‡ß‘π ¥ Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ∫√‘…—∑¬àÕ¬·≈–°‘®°“√√à«¡§âß∫· ¥ß°“√‡ª≈’ “ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫“∑ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 2548 2547 °√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π °”‰√ ÿ∑∏‘ 241,867,336 276,077,018 241,867,336 276,077,018 √“¬°“√ª√—∫°√–∑∫°”‰√ ÿ∑∏‘‡ªìπ‡ß‘π ¥ ÿ∑∏‘ „™â‰ª„π°‘®°√√¡¥”‡π‘πß“π §à“‡ ◊ËÕ¡√“§“ 29,709,935 20,734,789 27,381,914 18,996,116 ‚ª√·°√¡§Õ¡æ‘«‡µÕ√åµ—¥®à“¬ (322,044) (322,044) Àπ’È ß —¬®– Ÿ≠ 112,518,287 1,750,988 110,877,974 1,188,919 ¢“¥∑ÿπ°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπ„πÕ —ßÀ“√‘¡∑√—æ¬å 12,197,000 12,197,000 °”‰√∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®√‘ß®“°°“√µ’√“§“‡ß‘π≈ß∑ÿπ™—Ë«§√“« (2,707,700) (1,167,512) (767,423) (1,167,512) °”‰√®“°°“√®”Àπà“¬‡ß‘π≈ß∑ÿπ (7,077,420) (61,403) (6,513,370) (61,403) ¿“…’‡ß‘π‰¥âÀ—° ≥ ∑’Ë®à“¬µ—¥∫—≠™’ 114,152 581,141 581,141 §à“§«“¡π‘¬¡µ‘¥≈∫√—∫√Ÿâ‡ªìπ√“¬‰¥â (2,425,521) §à“§«“¡π‘¬¡µ—¥∫—≠™’ 1,079,293 1,079,293 (°”‰√)¢“¥∑ÿπ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®“°Õ—µ√“·≈°‡ª≈’Ë¬π (6,223,728) 146,802 (5,514,998) (17,850) (°”‰√)¢“¥∑ÿπ®“°°“√®”Àπà“¬ ‘π∑√—æ¬å∂“«√ (839,718) (279,630) 179,853 (279,630) º≈µà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘π∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑» 4,676,041 4,676,041 à«π·∫àßº≈°”‰√®“°‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ·≈–°‘®°“√√à«¡§â“ µ“¡«‘∏’ à«π‰¥â‡ ’¬ (19,037,747) (591,956) à«π·∫àßº≈¢“¥∑ÿπ®“°‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ °‘®°“√√à«¡§â“·≈–∫√‘…—∑√à«¡ µ“¡«‘∏’ à«π‰¥â‡ ’¬ 710,775 2,873,162 8,016,902 °”‰√ (¢“¥∑ÿπ) ÿ∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π∫√‘…—∑¬àÕ¬ 1,586,294 (103,745) °”‰√®“°°‘®°√√¡¥”‡π‘πß“π°àÕπ°“√‡ª≈’Ë¬π·ª≈ß „π ‘π∑√—æ¬å·≈–Àπ’È ‘π¥”‡π‘πß“π 384,862,982 298,757,741 367,897,698 302,741,745 ‘π∑√—æ¬å¥”‡π‘πß“π≈¥≈ß (‡æ‘Ë¡¢÷Èπ) ≈Ÿ°Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π (519,216,259) (1,600,478) (508,085,549) (1,871,964) ≈Ÿ°Àπ’È°“√§â“ - °‘®°“√Õ◊Ëπ (1,087,414,850) (386,525,™949) (1,014,063,590) (398,513,998) ¡Ÿ≈§à“ß“π∑’Ë‡ √Á®·µà¬—ß‰¡à‡√’¬°‡°Á∫ (193,331,297) (500,053,291) (177,354,014) (492,426,868) ≈Ÿ°Àπ’È‡ß‘πª√–°—πº≈ß“π (240,874,017) (63,522,317) (235,451,127) (76,291,649) ß“π√–À«à“ß°àÕ √â“ß 22,041,775 (207,108,830) 47,352,556 (212,796,176) ‡ß‘π®à“¬≈à«ßÀπâ“„Àâ·°àºŸâ√—∫‡À¡“™à«ß 10,607,107 (100,954,082) 15,951,320 (110,774,680) ≈Ÿ°Àπ’È¿“…’¡Ÿ≈§à“‡æ‘Ë¡ 11,328,268 (15,010,481) 12,541,500 (14,791,767) ¿“…’‡ß‘π‰¥â∂Ÿ°À—° ≥ ∑’Ë®à“¬ (28,148,901) 245,570 (28,157,807) 826,035 ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ (14,346,070) (2,641,034) (680,535) (2,637,025) ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ (22,478,931) (15,382,458) (1,987,522) (15,325,220) Àπ’È ‘π¥”‡π‘πß“π‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ‡®â“Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π (6,234,607) 6,429,836 (9,777,435) 6,338,226 ‡®â“Àπ’È°“√§â“ - °‘®°“√Õ◊Ëπ (264,151,977) 422,357,673 (317,684,017) 419,757,963 µâπ∑ÿπ∑’Ë¬—ß‰¡à∂÷ß°”Àπ¥™”√– 178,342,591 42,046,517 144,684,775 41,718,079 ‡®â“Àπ’È‡ß‘πª√–°—πº≈ß“π 24,472,399 33,959,894 25,442,814 35,066,818 ‡ß‘π√—∫≈à«ßÀπâ“®“°≈Ÿ°§â“ 330,860,245 77,416,910 67,053,884 82,592,226 ¿“…’‡ß‘π‰¥â·≈–§à“„™â®à“¬§â“ß®à“¬ 109,138,992 15,524,914 100,306,910 14,644,997 Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ (958,828) (12,013,193) (1,784,515) (11,503,446) ‡ß‘π ¥ ÿ∑∏‘„™â‰ª„π°‘®°√√¡¥”‡π‘πß“π (1,305,501,378) (408,073,058) (1,513,794,654) (433,246,704) √“¬ß“πª√–®”ªï 2548 32

ß∫°√–· ‡ß‘π ¥ (µàÕ) ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ∫√‘…—∑¬àÕ¬·≈–°‘®°“√√à«¡§â“ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547 °√–· ‡ß‘π ¥®“°°‘®°√√¡≈ß∑ÿπ ‡ß‘π≈ß∑ÿπ™—Ë«§√“«≈¥≈ß(‡æ‘Ë¡¢÷Èπ) ‡ß‘π≈ß∑ÿπ„πµ√“ “√Àπ’È‡æ‘Ë¡¢÷Èπ ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π≈¥≈ß ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫ - °‘®°“√Õ◊Ëπ‡æ‘Ë¡¢÷Èπ ‡ß‘π ¥®à“¬®“°°“√‡æ‘Ë¡∑ÿπ„π∫√‘…—∑¬àÕ¬ ‡ß‘π ¥®à“¬‡æ◊ËÕ´◊ÈÕ∫√‘…—∑¬àÕ¬ - ÿ∑∏‘®“°‡ß‘π ¥∑’Ë‰¥â¡“ (¢âÕ¡Ÿ≈°√–· ‡ß‘π ¥‡ªî¥‡º¬‡æ‘Ë¡‡µ‘¡) ‡ß‘π ¥®à“¬‡æ◊ËÕ´◊ÈÕ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ‡ß‘π ¥®à“¬‡æ◊ËÕ´◊ÈÕ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡ ‡ß‘π ¥√—∫®“°°“√®”Àπà“¬‡ß‘π≈ß∑ÿπ„πÕ —ßÀ“√‘¡∑√—æ¬å Õÿª°√≥å∑’Ë‰¥â¡“‚¥¬°“√™”√–‡ªìπ‡ß‘π ¥ (¢âÕ¡Ÿ≈°√–· ‡ß‘π ¥‡ªî¥‡º¬‡æ‘Ë¡‡µ‘¡) ‡ß‘π ¥√—∫®“°°“√®”Àπà“¬Õÿª°√≥å ‡ß‘πΩ“°ª√–®”∑’Ëµ‘¥¿“√–§È”ª√–°—π‡æ‘Ë¡¢÷Èπ ‡ß‘π ¥ ÿ∑∏‘„™â‰ª„π°‘®°√√¡≈ß∑ÿπ °√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π‡æ‘Ë¡¢÷Èπ ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß®à“¬®“°∫ÿ§§≈ ·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π‡æ‘Ë¡¢÷Èπ ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“°∫ÿ§§≈Õ◊Ëπ≈¥≈ß ‡ß‘π√—∫≈à«ßÀπâ“§à“Àÿâπ‡æ‘Ë¡¢÷Èπ ‡ß‘π ¥√—∫®“°°“√‡æ‘Ë¡∑ÿπ ‡ß‘πªíπº≈®à“¬ √—∫™”√–§à“Àÿâπ®“°ºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ ‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“°°‘®°√√¡®—¥À“‡ß‘π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥‡æ‘Ë¡¢÷Èπ(≈¥≈ß) - ÿ∑∏‘ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≥ «—πµâπªï ª√—∫º≈µà“ßÕ—µ√“·≈°‡ª≈’Ë¬π - ‡ß‘π ¥ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≥ «—π ‘Èπªï

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

(277,229,436) (10,000,000)

50,221,315 -

(89,516,201) (10,000,000)

50,221,315 -

5,744,901

10,923,289

22,799,724

35,872,355

(164,675,723) -

(242,750,000)

(1,666,413) (50,000,000) 786,223

(5,000,000) (50,000,000) 786,223

(2,750,000) -

(120,116,761) 1,477,695 (40,822,822) (656,502,336)

(82,550,550) 349,406 (47,779,025) (68,835,565)

(114,148,014) 219,657 (2,507,126) (490,115,737)

(82,512,260) 349,406 (47,779,025) (46,598,209)

326,897,141

180,195,429

329,296,268

180,195,429

256,986 26,493,600 176,930,000 1,807,325,451 (78,539,528) (151,497,748) 2,250,000 307,586,487 1,985,123,971 (169,322,136) (18,786,420) 359,168,440 174,396,360 291,386 222,806 190,137,690 155,832,746

26,493,600 176,930,000 (78,539,528) 305,079,501 (174,765,412) 348,882,277 279,495 174,396,360

4,243,751 (5,814,256) 1,807,325,451 (151,497,748) 2,250,000 1,983,404,339 21,400,625 190,137,690 138,391 211,676,706

33 Annual Report 2005

ß∫°√–· ‡ß‘π ¥ (µàÕ) ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ∫√‘…—∑¬àÕ¬·≈–°‘®°“√√à«¡§â“ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

¢âÕ¡Ÿ≈°√–· ‡ß‘π ¥‡ªî¥‡º¬‡æ‘Ë¡‡µ‘¡ 1. ‡ß‘π ¥®à“¬„π√–À«à“ßªï ”À√—∫ ¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥â

29,257,903 107,703,587

4,280,041 108,452,081

29,512,007 100,864,000

4,280,041 107,187,565

2. √“¬≈–‡Õ’¬¥Õÿª°√≥å∑’Ë‰¥â¡“„π√–À«à“ßªï Õÿª°√≥å∑’Ë‰¥â¡“√–À«à“ßªï Àπ’È ‘π¿“¬„µâ —≠≠“‡™à“´◊ÈÕ≈¥≈ß(‡æ‘Ë¡¢÷Èπ) Õÿª°√≥å∑’Ë‰¥â¡“‚¥¬°“√™”√–‡ªìπ‡ß‘π ¥

120,689,350 (572,589) 120,116,761

83,218,691 (668,141) 82,550,550

114,017,293 130,721 114,148,014

83,180,401 (668,141) 82,512,260 ∫“∑

3. °“√´◊ÈÕ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ √–À«à“ß‡¥◊Õπ¡‘∂ÿπ“¬π 2548 ∫√‘…—∑‰¥â´◊ÈÕ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ‚¥¬¡Ÿ≈§à“ ‘π∑√—æ¬å ÿ∑∏‘µ“¡∫—≠™’¢Õß∫√‘…—∑¬àÕ¬ ≥ «—π´◊ÈÕ ¡’¥—ßπ’È ‡ß‘π ¥·≈–‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·°à∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ≈Ÿ°Àπ’È‡ß‘πª√–°—πº≈ß“π ‡ß‘π®à“¬≈à«ßÀπâ“ ”À√—∫‚§√ß°“√ ¿“…’‡ß‘π‰¥â∂Ÿ°À—° ≥ ∑’Ë®à“¬ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ Õÿª°√≥å - ÿ∑∏‘ ‡ß‘πΩ“°ª√–®”∑’Ëµ‘¥¿“√–§È”ª√–°—π ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π ‡®â“Àπ’È°“√§â“ ‡ß‘π√—∫≈à«ßÀπâ“®“°≈Ÿ°§â“ ¿“…’‡ß‘π‰¥â·≈–§à“„™â®à“¬§â“ß®à“¬ Àπ’È ‘π¿“¬„µâ —≠≠“‡™à“´◊ÈÕ Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ ¡Ÿ≈§à“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬å ÿ∑∏‘∑’Ë‰¥â√—∫ À—° ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥∑’Ë¡’Õ¬Ÿà„π∫√‘…—∑¬àÕ¬ ≥ «—π´◊ÈÕ°‘®°“√ §à“§«“¡π‘¬¡µ‘¥≈∫ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ ≥ «—π∑’Ë´◊ÈÕ°‘®°“√ ‡ß‘π ¥®à“¬‡æ◊ËÕ´◊ÈÕ∫√‘…—∑¬àÕ¬ ÿ∑∏‘®“°‡ß‘π ¥∑’Ë‰¥â¡“

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

√“¬ß“πª√–®”ªï 2548 34

3,333,587 7,267,407 2,169,851 5,165,702 264,951 218,107 3,346,205 10,201,000 110,000 (2,399,128) (126,099) (7,327,216) (4,375,605) (2,214,023) (783,697) 14,851,042 (3,333,587) (2,425,521 (7,425,521) 1,666,413

À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π 1. ¢âÕ¡Ÿ≈∑—Ë«‰ª ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ‡ªìπ∫√‘…—∑¡À“™π®”°—¥ ·≈–‰¥â®¥∑–‡∫’¬π‡¢â“‡ªìπ∫√‘…—∑„πµ≈“¥À≈—°∑√—æ¬å ·Ààßª√–‡∑»‰∑¬„πªï 2545 ∫√‘…∑— ∫√‘…∑— ¬àÕ¬ ·≈–°‘®°“√√à«¡§â“ ª√–°Õ∫∏ÿ√°‘®√—∫‡À¡“µ‘¥µ—ßÈ ß“π√–∫∫‰øøÑ“ ◊ÕË “√ √–∫∫ª√—∫Õ“°“» √–∫∫ ÿ¢“¿‘∫“≈ √–∫∫ªÑÕß°—πÕ—§§’¿—¬ ß“π√—∫‡À¡“°àÕ √â“ß º≈‘µ·≈–®”Àπà“¬°√–· ‰øøÑ“ ·≈–æ≈—ßß“π‰ÕπÈ” ´÷Ëß¡’ ”π—°ß“π®¥ ∑–‡∫’¬πµ—ÈßÕ¬Ÿà ≥ ‡≈¢∑’Ë 2 ´Õ¬ ÿ¢ÿ¡«‘∑ 81 (»‘√‘æ®πå) ∂ππ ÿ¢ÿ¡«‘∑ ·¢«ß∫“ß®“° ‡¢µæ√–‚¢πß °√ÿß‡∑æ¡À“π§√

2. ‡°≥±å „π°“√®—¥∑”ß∫°“√‡ß‘π·≈–ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…∑— ‰¥â®¥— ∑”¢÷πÈ µ“¡À≈—°°“√∫—≠™’∑√Ë’ ∫— √Õß∑—«Ë ‰ª¿“¬„µâæ√–√“™∫—≠≠—µ°‘ “√∫—≠™’ æ.». 2543 ´÷ËßÀ¡“¬§«“¡∂÷ß¡“µ√∞“π°“√∫—≠™’¿“¬„µâæ√–√“™∫—≠≠—µ‘«‘™“™’æ∫—≠™’ æ.». 2547 ·≈–µ“¡¢âÕ°”Àπ¥¢Õß§≥–°√√¡°“√°”°—∫ À≈—°∑√—æ¬å«à“¥â«¬°“√®—¥∑”·≈–π”‡ πÕ√“¬ß“π∑“ß°“√‡ß‘π¿“¬„µâæ√–√“™∫—≠≠—µ‘À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å æ.». 2535 ß∫°“√‡ß‘π¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß∑’Ë√«¡Õ¬Ÿà„πß∫°“√‡ß‘π√«¡ ·≈–ß∫°“√‡ß‘π¢Õß∫√‘…—∑√à«¡·ÀàßÀπ÷Ëß∑’Ë„™â„π°“√§”π«≥‡ß‘π≈ß∑ÿπ „π∫√‘…—∑√à«¡µ“¡«‘∏’ à«π‰¥â‡ ’¬ ¡’¬Õ¥√«¡ ‘π∑√—æ¬å¢Õß∫√‘…—∑¬àÕ¬·≈–‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ®”π«π‡ß‘π √«¡ 360.1 ≈â“π∫“∑ (§‘¥‡ªìπ√âÕ¬≈– 6.6 ¢Õß¬Õ¥ ‘π∑√—æ¬å√«¡) ¬Õ¥√«¡√“¬‰¥â¢Õß∫√‘…—∑¬àÕ¬·≈– à«π·∫àß¢“¥∑ÿπ„π∫√‘…—∑√à«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ®”π«π‡ß‘π√«¡ 69.5 ≈â“π∫“∑ ·≈– 0.7 ≈â“π∫“∑ (§‘¥‡ªìπ√âÕ¬≈– 1.3 ·≈– √âÕ¬≈– 0.01 ¢Õß ¬Õ¥√“¬‰¥â√«¡·≈–§‘¥‡ªìπ √âÕ¬≈– 28.7 ·≈– √âÕ¬≈– 0.3 ¢Õß¬Õ¥°”‰√ ÿ∑∏‘√«¡) µ√«® Õ∫‚¥¬ºŸâ Õ∫∫—≠™’Õ◊Ëπ πÕ°®“°π’È ß∫°“√‡ß‘π ‡©æ“–∫√‘…—∑´÷Ëß¡’‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡¥—ß°≈à“« ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 §”π«≥µ“¡«‘∏’ à«π‰¥â‡ ’¬®”π«π‡ß‘π√«¡ 60.1 ≈â“π∫“∑ (§‘¥‡ªìπ√âÕ¬≈– 1.2 ¢Õß¬Õ¥ ‘π∑√—æ¬å√«¡) ·≈– à«π·∫àß°”‰√„π∫√‘…—∑¬àÕ¬·≈– à«π·∫àß¢“¥∑ÿπ„π∫√‘…—∑√à«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ®”π«π‡ß‘π 5.8 ≈â“π∫“∑ ·≈– 0.7 ≈â“π∫“∑ µ“¡≈”¥—∫ (§‘¥‡ªìπ√âÕ¬≈– 0.1 ·≈– √âÕ¬≈– 0.01 ¢Õß√“¬‰¥â ·≈– §‘¥‡ªìπ√âÕ¬≈– 2.4 ·≈– √âÕ¬≈– 0.3 ¢Õß°”‰√ ÿ∑∏‘) §”π«≥®“°ß∫°“√‡ß‘π∑’Ëµ√«® Õ∫‚¥¬ºŸâ Õ∫∫—≠™’Õ◊Ëπ ‡æ◊ËÕ§«“¡ –¥«°¢ÕßºŸâ„™âß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ®÷ß‰¥â¡’°“√·ª≈ßß∫°“√‡ß‘π¿“…“‰∑¬‡ªìπ¿“…“Õ—ß°ƒ… ß∫°“√‡ß‘π√«¡π’È‰¥â√«¡∫—≠™’µà“ßÊ ¢Õß∫√‘…—∑¬àÕ¬ ·≈–°‘®°“√√à«¡§â“´÷Ëß∫√‘…—∑¡’ à«π√à«¡„π°“√§«∫§ÿ¡¥—ßµàÕ‰ªπ’È Õ—µ√“ à«π√âÕ¬≈–∑’Ë∂◊Õ‚¥¬ ∫√‘…—∑À√◊ÕÕ—µ√“ √âÕ¬≈–¢Õß à«π·∫àß°”‰√ „π°‘®°“√√à«¡§â“ ™◊ËÕ°‘®°“√ ª√–‡¿∑∏ÿ√°‘® 2548 2547 ∫√‘…∑— ¬àÕ¬ ∫√‘…—∑ ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ √—∫‡À¡“°àÕ √â“ß·≈–ß“π‚¬∏“∑—Ë«‰ª 99.99 99.99 ∫√‘…—∑ ‡æ“‡«Õ√åæ√Õ ‡æ§ ®”°—¥ º≈‘µ·≈–®”Àπà“¬°√–· ‰øøÑ“ 55 55 ·≈–æ≈—ßß“π‰ÕπÈ” ∫√‘…—∑ ‡∑§‡πÕ√å ®”°—¥ √—∫‡À¡“°àÕ √â“ß 50 —¥ à«π„π°‘®°“√√à«¡§â“ °‘®°“√√à«¡§â“√–À«à“ß ¢“¬·≈–µ‘¥µ—Èß«— ¥ÿÕÿª°√≥å°àÕ √â“ß 75 75 ∫√‘…—∑ ‰æ‚Õ‡π’¬√å ‡∑‡≈§Õ¡ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ Õÿª°√≥å√–∫∫‰øøÑ“ ◊ËÕ “√ ·≈– ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ ·≈–‚∑√§¡π“§¡ °‘®°“√√à«¡§â“ æ’ ·Õ≈ Õ’ ·≈– ‡Õ .∑’.∑’ µ‘¥µ—Èß‡§‡∫‘È≈·≈–∑àÕ√âÕ¬ “¬‚∑√»—æ∑å„µâ¥‘π 50 50 °‘®°“√√à«¡§â“ æ’ ·Õ≈ Õ’ ·≈– «“¬.‡§.∑’ µ‘¥µ—Èß‡§‡∫‘È≈·≈–∑àÕ√âÕ¬ “¬‚∑√»—æ∑å„µâ¥‘π 50 50 ∫√‘…—∑‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) µ‘¥µ—Èß‡§‡∫‘È≈„µâ¥‘π·√ß Ÿß 50 50 ·≈–∫√‘…—∑ Õ‘µ—≈‰∑¬ «‘»«°√√¡ ®”°—¥ √à«¡§â“

35 Annual Report 2005

√“¬°“√∫—≠™’∑’Ë ”§—≠√–À«à“ß∫√‘…—∑ ∫√‘…—∑¬àÕ¬·≈–°‘®°“√√à«¡§â“∑’Ë√«¡„πß∫°“√‡ß‘π√«¡‰¥âÀ—°°≈∫≈∫°—π·≈â« ë „π√–À«à“ßªï 2547 ∫√‘…—∑‰¥â≈ß∑ÿπ„πÀÿâπ∑ÿπ∫√‘…—∑ ‡æ“‡«Õ√åæ√Õ ‡æ§ ®”°—¥ ®”π«π 2.75 ≈â“π∫“∑ ë „π√–À«à“ßªï 2548 ∫√‘…—∑‰¥â≈ß∑ÿπ„πÀÿâπ∑ÿπ∫√‘…—∑ ‡∑§‡πÕ√å ®”°—¥®”π«π 5 ≈â“π∫“∑ πÕ°®“°π’È ∫√‘…—∑ ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ ‰¥â‡æ‘Ë¡∑ÿπ®”π«π 240 ≈â“π∫“∑ ´÷Ëß®“°‡¥‘¡ 60 ≈â“π∫“∑‡ªìπ 300 ≈â“π∫“∑ ‚¥¬∫√‘…—∑‰¥â≈ß∑ÿπ„πÀÿâπ‡æ‘Ë¡∑ÿπ¥—ß °≈à“«∑—Èß®”π«π·≈–∫√‘…—∑‰¥â≈ß∑ÿπ‡æ‘Ë¡„πÀÿâπ∑ÿπ∫√‘…—∑ ‡æ“‡«Õ√åæ√Õ ‡æ§ ®”°—¥ ®”π«π 2.75 ≈â“π∫“∑ ë ‡¡◊ËÕ«—π∑’Ë 14 °—π¬“¬π 2548 ∫√‘…—∑‰¥â∑”∫—π∑÷°¢âÕµ°≈ß°—∫∫√‘…—∑ ∫”√ÿß‡¡◊Õßæ≈“´à“ ®”°—¥ ´÷Ëß‡ªìπ≈Ÿ°Àπ’È°“√§â“¢Õß∫√‘…—∑ „π°“√‡¢â“‰ª¡’Õ”π“®„π°“√§«∫§ÿ¡·≈–¥”‡π‘π°“√∫√‘À“√ß“π‡ªìπ°“√™—Ë«§√“« ®π∂÷ß«—π∑’Ë 30 ¡‘∂ÿπ“¬π 2549 ‡æ◊ËÕ„Àâ≈Ÿ°Àπ’È ¥—ß°≈à“« “¡“√∂™”√–Àπ’„È Àâ°∫— ∫√‘…∑— ‰¥â ∫√‘…∑— ‰¡à‰¥â√«¡∞“π–°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“π¢Õß∫√‘…∑— ∫”√ÿß‡¡◊Õßæ≈“´à“ ®”°—¥ ‰«â„πß∫°“√‡ß‘π√«¡ ”À√—∫ß«¥µ—Èß·µà«—π∑’Ë 14 °—π¬“¬π 2548 ∂÷ß«—π∑’Ë 31 ∏—π«“§¡ 2548 ‡π◊ËÕß®“°∫√‘…—∑µ—Èß„®®–§«∫§ÿ¡ ∫√‘…—∑¥—ß°≈à“«‡ªìπ°“√™—Ë«§√“« ·≈–®–§◊πÕ”π“®„π°“√∫√‘À“√ß“π∑—ÈßÀ¡¥·°à∫√‘…—∑¥—ß°≈à“«∑—π∑’ ‡¡◊ËÕ∫√‘…—∑‰¥â√—∫™”√–Àπ’È §◊π§√∫∂â«π ç∫√‘…—∑éÀ¡“¬∂÷ß ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ç°≈ÿà¡∫√‘…—∑é À¡“¬∂÷ß ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ∫√‘…—∑¬àÕ¬ ·≈–°‘®°“√√à«¡§â“¢â“ßµâπ

3. √ÿªπ‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠ 3.1 ∫—≠™’°≈ÿà¡∫√‘…—∑ - ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡ ·≈– à«π‰¥â‡ ’¬„π°‘®°“√√à«¡§â“ (1) ∫√‘…∑— ¬àÕ¬ ∫√‘…∑— ¬àÕ¬À¡“¬∂÷ß°‘®°“√∑’∫Ë √‘…∑— ¡’Õ”π“®„π°“√§«∫§ÿ¡π‚¬∫“¬°“√‡ß‘π·≈–°“√¥”‡π‘πß“π ∫√‘…∑— ¬àÕ¬¥—ß°≈à“«π”¡“ √«¡„π°“√®—¥∑”ß∫°“√‡ß‘π√«¡ ∫√‘…—∑¬àÕ¬∂Ÿ°π”√«¡µ—Èß·µà«—π∑’Ë∫√‘…—∑„À≠à‰¥â√—∫‚Õπ¡“´÷ËßÕ”π“®§«∫§ÿ¡·≈–µâÕß‰¡àπ”√«¡µ—Èß·µà«—π∑’ËÕ”π“®§«∫§ÿ¡ À¡¥‰ª ∫√‘…—∑„™â«‘∏’´◊ÈÕ ”À√—∫°“√∫—π∑÷°°“√‰¥â¡“´÷Ëß∫√‘…—∑¬àÕ¬ µâπ∑ÿπ°“√‰¥â¡“´÷Ëß∫√‘…—∑¬àÕ¬«—¥¡Ÿ≈§à“¥â«¬¡Ÿ≈§à“ ¬ÿµ‘∏√√¡¢Õß ‘π∑√—æ¬å∑’Ë àß¡Õ∫„Àâ„π°“√‰¥â¡“ ¡Ÿ≈§à“¢ÕßÀÿâπ∑’ËÕÕ°„Àâ À√◊ÕÀπ’È ‘π∑’ËµâÕß√—∫º‘¥™Õ∫ ≥ «—π∑’Ë‰¥â¡“ ·≈– ¬—ß√«¡∂÷ßµâπ∑ÿπ∑’Ë —¡æ—π∏å‚¥¬µ√ß°—∫°“√‰¥â¡“π—Èπ à«π¢Õß®”π«πµâπ∑ÿπ°“√‰¥â¡“´÷Ëß∫√‘…—∑¬àÕ¬∑’Ë Ÿß°«à“¡Ÿ≈§à“ ¬ÿµ‘∏√√¡¢Õß ‘π∑√—æ¬å ÿ∑∏‘¢Õß∫√‘…—∑¬àÕ¬∑’Ë‰¥â¡“®–∫—π∑÷°‡ªìπ§à“§«“¡π‘¬¡ µ“¡À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π 3.7 Õ∏‘∫“¬π‚¬∫“¬°“√∫—≠™’‡°’Ë¬«°—∫§à“§«“¡π‘¬¡ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬· ¥ß„πß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‚¥¬„™â«‘∏’ à«π‰¥â‡ ’¬ √“¬™◊ËÕ¢Õß∫√‘…—∑¬àÕ¬À≈—°¢Õß∫√‘…—∑‰¥â‡ªî¥‡º¬‰«â„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 5 (2) ∫√‘…—∑√à«¡ ‡ß‘π≈ß∑ÿπ„π∫√‘…∑— √à«¡‡ªìπ°“√≈ß∑ÿπ„π°‘®°“√∑’∫Ë √‘…∑— ∂◊ÕÀÿπâ √–À«à“ß√âÕ¬≈– 20 ∂÷ß√âÕ¬≈– 50 ¢Õß ‘∑∏‘„π°“√ÕÕ°‡ ’¬ß ∑—ÈßÀ¡¥ ·≈–°‘®°“√∑’Ë∫√‘…—∑ ¡’Õ‘∑∏‘æ≈Õ¬à“ß‡ªìπ “√– ”§—≠ ·µà‰¡à∂÷ß°—∫§«∫§ÿ¡ °”‰√¢“¥∑ÿπ∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ‰¥âµ—¥ ÕÕ°®“°ß∫°“√‡ß‘ππ’È·≈â« ‡«âπ·µà¡’À≈—°∞“π«à“ ‘π∑√—æ¬å∑’Ë‚Õπ√–À«à“ß°—π‡°‘¥°“√¥âÕ¬§à“ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡√«¡ ∂÷ß§à“§«“¡π‘¬¡∑’Ë‡°‘¥®“°°“√≈ß∑ÿπ‡¡◊ËÕ‰¥â¡“ «‘∏’ à«π‰¥â‡ ’¬®–‰¡àπ”¡“„™â‡¡◊ËÕ¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡‡ªìπ»Ÿπ¬å ‡«âπ·µàºŸâ≈ß∑ÿπ¡’¿“√–ºŸ°æ—πÀ√◊ÕµâÕß®à“¬‡ß‘π‡æ◊ËÕ™”√–¿“√–ºŸ°æ—π¢Õß∫√‘…—∑√à«¡´÷Ëß∫√‘…—∑‰¥â§È”ª√–°—πÀ√◊Õ„Àâ°“√ ¬‘π¬Õ¡‰«â ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡· ¥ß„πß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‚¥¬„™â«‘∏’ à«π‰¥â‡ ’¬ √“¬™◊ËÕ¢Õß∫√‘…—∑√à«¡À≈—°‰¥â‡ªî¥‡º¬‰«â„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 5 (3) à«π‰¥â‡ ’¬„π°‘®°“√√à«¡§â“ à«π‰¥â‡ ’¬¢Õß∫√‘…∑— „π°‘®°“√∑’§Ë «∫§ÿ¡√à«¡°—π· ¥ß„πß∫°“√‡ß‘π√«¡‚¥¬«‘∏√’ «¡µ“¡ —¥ à«π ´÷ßË ‡ªìπ«‘∏∑’ ∫Ë’ √‘…∑— √«¡ à«π ·∫àß√“¬‰¥â §à“„™â®à“¬ ‘π∑√—æ¬å Àπ’È ‘π·≈–°√–· ‡ß‘π ¥¢Õß°‘®°“√√à«¡§â“·µà≈–√“¬°“√„πß∫°“√‡ß‘π ∫√‘…—∑√—∫√Ÿâ à«π¢Õß∫√‘…—∑∑’ËÕ¬Ÿà„π√“¬°“√°”‰√À√◊Õ√“¬°“√¢“¥∑ÿπ®“°°“√¢“¬ ‘π∑√—æ¬å®“°∫√‘…—∑„Àâ°—∫°‘®°“√√à«¡§â“‡©æ“– à«π∑’Ë‡ªìπ à«π‰¥â‡ ’¬¢ÕßºŸâ√à«¡§â“Õ◊Ëπ ∫√‘…—∑µâÕß‰¡à√—∫√Ÿâ à«π·∫àß¢Õßµπ∑’ËÕ¬Ÿà„π√“¬°“√´◊ÈÕ ‘π∑√—æ¬å®“°°‘®°“√√à«¡§â“ ®π°«à“ºŸâ√à«¡§â“®–¢“¬µàÕ ‘π∑√—æ¬åπ—Èπ„Àâ°—∫∫ÿ§§≈Õ‘ √–Õ’°ΩÉ“¬Àπ÷Ëß Õ¬à“ß‰√°Á¥’ √“¬°“√¢“¥∑ÿπ®“°°“√´◊ÈÕ ‘π∑√—æ¬å ®“°°‘®°“√√à«¡§â“µâÕß√—∫√Ÿâ∑—π∑’‡¡◊ËÕ¡’À≈—°∞“π· ¥ß«à“‡°‘¥°“√≈¥≈ß„π¡Ÿ≈§à“ ÿ∑∏‘∑’Ë®–‰¥â√—∫¢Õß ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π À√◊Õ‡°‘¥°“√¥âÕ¬§à“¢÷Èπ à«π‰¥â‡ ’¬„π°‘®°“√√à«¡§â“· ¥ß„πß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑‚¥¬„™â«‘∏’ à«π‰¥â‡ ’¬ √“¬™◊ËÕ¢Õß°‘®°“√√à«¡§â“À≈—°‰¥â‡ªî¥‡º¬‰«â„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 5

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3.2 °“√„™âª√–¡“≥°“√ °“√®—¥∑”ß∫°“√‡ß‘π„Àâ Õ¥§≈âÕß°—∫À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª„πª√–‡∑»‰∑¬µâÕß„ÀâΩÉ“¬∫√‘À“√°”Àπ¥ª√–¡“≥°“√ ·≈–¢âÕ ¡¡µ‘ ´÷Ëß¡’º≈°—∫µ—«‡≈¢¢Õß ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë√“¬ß“π‰«â„πß∫°“√‡ß‘π °“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ‘π∑√—æ¬å∑’ËÕ“®‡°‘¥ ¢÷Èπ·≈–Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ ≥ «—π∑’Ë„πß∫°“√‡ß‘π·≈–µ—«‡≈¢√“¬‰¥â·≈–§à“„™â®à“¬„πªï∑’Ë√“¬ß“π‰«â„π ß∫°“√‡ß‘π ¥—ßπ—Èπº≈ ∑’Ë‡°‘¥®√‘ßÕ“®µà“ß‰ª®“°ª√–¡“≥°“√ 3.3 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ À¡“¬∂÷ß ‡ß‘π ¥„π¡◊Õ·≈–‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π ‡ß‘π ¥‡ªìπ‡ß‘π∑’Ë°≈ÿà¡∫√‘…—∑‡°Á∫‰«â„™â ‡æ◊ËÕ«—µ∂ÿª√– ß§å∑—Ë«‰ª à«π‡ß‘πΩ“° ∂“∫—π°“√‡ß‘ππ—Èπ√«¡∂÷ß‡ß‘πΩ“°ÕÕ¡∑√—æ¬å√–¬– —Èπ ´÷Ëß‡ªìπ‡ß‘π≈ß∑ÿπ∑’Ë¡’ ¿“æ§≈àÕß Ÿß ·≈–æ√âÕ¡ ∑’Ë®–‡ª≈’Ë¬π‡ªìπ‡ß‘π ¥∑’Ë·πàπÕπ‡¡◊ËÕ§√∫°”Àπ¥¿“¬„π “¡ (3) ‡¥◊Õπ À√◊ÕπâÕ¬°«à“´÷Ëß¡’§«“¡‡ ’Ë¬ß„π°“√ ‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“πâÕ¬ ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â‰¥â· ¥ß‰«â·¬°µà“ßÀ“°„π∫—≠™’ ç‡ß‘πΩ“°ª√–®”∑’Ë µ‘¥¿“√–§È”ª√–°—πé ¿“¬„µâ ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ„πß∫¥ÿ≈ 3.4 ≈Ÿ°Àπ’È°“√§â“ ≈Ÿ°Àπ’°È “√§â“· ¥ß¥â«¬¡Ÿ≈§à“µ“¡„∫·®âß√“¬°“√ À—°¥â«¬§à“‡º◊ÕË Àπ’ È ß —¬®– Ÿ≠´÷ßË ª√–¡“≥®“°°“√ Õ∫∑“π¬Õ¥§ß‡À≈◊Õ ≥ «—π ‘Èπªï¡Ÿ≈§à“¢Õß§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠°Á§◊Õº≈µà“ß√–À«à“ß√“§“µ“¡∫—≠™’¢Õß≈Ÿ°Àπ’È°“√§â“‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫ ¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫®“°≈Ÿ°Àπ’È°“√§â“ Àπ’È Ÿ≠∑’Ë‡°‘¥¢÷Èπ„π√–À«à“ßªïµ—¥‡ªìπ§à“„™â®à“¬‡¡◊ËÕ “¡“√∂√–∫ÿ‰¥â 3.5 ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å√—∫√Ÿâ‡¡◊ËÕ‡√‘Ë¡·√°µ“¡√“§“∑ÿπ ‘π∑√—æ¬å∑ÿ°ª√–‡¿∑¬°‡«âπ∑’Ë¥‘π · ¥ß„πß∫¥ÿ≈¥â«¬√“§“∑ÿπ‡¥‘¡À—° ¥â«¬§à“ ‡ ◊ËÕ¡√“§“ – ¡§à“‡ ◊ËÕ¡√“§“Õ“§“√·≈–Õÿª°√≥å §”π«≥‚¥¬«‘∏’‡ âπµ√ßµ“¡Õ“¬ÿ°“√„™âß“π‚¥¬ª√–¡“≥¢Õß ‘π∑√—æ¬å ¥—ßµàÕ‰ªπ’È ®”π«πªï Õ“§“√ 20 ‡§√◊ËÕß¡◊Õ·≈–Õÿª°√≥å 5 ‡§√◊ËÕßµ°·µàß·≈–‡§√◊ËÕß„™â ”π—°ß“π 3-7 ¬“πæ“Àπ– 5-7 ‡¡◊ÕË ¡’°“√¢“¬À√◊Õ‡≈‘°„™âß“π ‘π∑√—æ¬å °≈ÿ¡à ∫√‘…∑— ®–∫—π∑÷°µ—¥√“§“∑ÿπ·≈–§à“‡ ◊ÕË ¡√“§“ – ¡¢Õß ‘π∑√—æ¬åππÈ— ÕÕ°®“°∫—≠™’ ·≈–√—∫√Ÿâº≈°”‰√À√◊Õ¢“¥∑ÿπ®“°°“√®”Àπà“¬ ‘π∑√—æ¬å‡À≈à“π—Èπ„πß∫°”‰√¢“¥∑ÿπ „π°√≥’∑√Ë’ “§“µ“¡∫—≠™’ ßŸ °«à“¡Ÿ≈§à“∑’§Ë “¥«à“®–‰¥â√∫— §◊π´÷ßË §”π«≥®“°¡Ÿ≈§à“ªí®®ÿ∫π— ¢Õß°√–· ‡ß‘π ¥∑’§Ë “¥«à“®–‡°‘¥„π Õπ“§µ®“°°“√„™â ‘π∑√—æ¬åÕ¬à“ßµàÕ‡π◊ËÕß À√◊Õ®”π«π∑’Ë®–‰¥â√—∫®“°°“√®”Àπà“¬ ‘π∑√—æ¬åÀ—°¥â«¬µâπ∑ÿπ®“°°“√®”Àπà“¬ ‘π∑√—æ¬åπ—Èπ·≈â«·µà®”π«π„¥®– Ÿß°«à“ √“§“µ“¡∫—≠™’®–∂Ÿ°ª√—∫≈¥„Àâ‡∑à“°—∫¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π °“√´àÕ¡·´¡·≈–∫”√ÿß√—°…“ ®–√—∫√Ÿ„â πß∫°”‰√¢“¥∑ÿπ„π√–À«à“ßß«¥∫—≠™’∑‡Ë’ °‘¥√“¬°“√¢÷πÈ µâπ∑ÿπ¢Õß°“√ª√—∫ª√ÿß„Àâ¥¢’ πÈ÷ Õ¬à“ß ”§—≠®–∂Ÿ°√«¡‰«â„π√“§“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬å‡¡◊ËÕ¡’§«“¡‡ªìπ‰ª‰¥â§àÕπ¢â“ß·πà∑’Ëª√–‚¬™πå‡™‘ß‡»√…∞°‘®„π Õπ“§µ∑’Ë®–‰À≈‡¢â“ Ÿà∫√‘…—∑®–¡’¡Ÿ≈§à“ Ÿß‡°‘π°«à“¡“µ√∞“π°“√„™âª√–‚¬™πå‡¥‘¡¢Õß ‘π∑√—æ¬å∑’Ë¡’‰«âµ—Èß·µàµâπ‡¡◊ËÕ‰¥â¡“´÷Ëß ‘π∑√—æ¬å∑’Ë¡’Õ¬Ÿà„πªí®®ÿ∫—π °“√ª√—∫ª√ÿßÀ≈—°®–∂Ÿ°µ—¥§à“‡ ◊ËÕ¡√“§“µ≈Õ¥Õ“¬ÿ°“√„Àâª√–‚¬™πå∑’Ë‡À≈◊ÕÕ¬Ÿà¢Õß ‘π∑√—æ¬å∑’Ë ‡°’Ë¬«¢âÕß §à“´àÕ¡·´¡·≈–§à“∫”√ÿß√—°…“√—∫√Ÿâ‡ªìπ§à“„™â®à“¬„π√Õ∫√–¬–‡«≈“∫—≠™’∑’Ë‡°‘¥¢÷Èπ µâπ∑ÿπ¥Õ°‡∫’¬È ”À√—∫°“√°Ÿ¬â ¡◊ ‡æ◊ÕË ‡ªìπ‡ß‘π∑ÿπ„π°“√°àÕ √â“ß‡æ◊ÕË „Àâ‰¥â¡“´÷ßË ∑’¥Ë π‘ Õ“§“√·≈–Õÿª°√≥å‰¥â∫π— ∑÷°‡ªìπ à«πÀπ÷ßË ¢Õßµâπ∑ÿπ¢Õß ‘π∑√—æ¬åµ≈Õ¥™à«ß‡«≈“∑’®Ë – √â“ß„Àâ‡ √Á®·≈–‡µ√’¬¡ ‘π∑√—æ¬å„ÀâÕ¬Ÿ„à π ¿“ææ√âÕ¡∑’®Ë –„™â‰¥âµ“¡«—µ∂ÿª√– ß§å µâπ∑ÿπ°“√°Ÿ¬â ¡◊ ª√–°Õ∫¥â«¬¥Õ°‡∫’¬È ∑’‡Ë °‘¥®“°‡ß‘π°Ÿ¬â ¡◊ √–¬–¬“« ÿ∑∏‘®“°°“√µ—¥®”Àπà“¬§à“„™â®“à ¬∑“ß°“√‡ß‘π∑’‡Ë °’¬Ë «¢âÕß°—π °”‰√¢“¥∑ÿπ®“°°“√¢“¬∑’Ë¥‘π Õ“§“√ ·≈–Õÿª°√≥å°”Àπ¥¢÷Èπ®“°√“§“µ“¡∫—≠™’ ·≈–‰¥â√«¡Õ¬Ÿà„π°“√§”π«≥°”‰√®“° °“√ ¥”‡π‘πß“π 3.6 °“√¥âÕ¬§à“¢Õß ‘π∑√—æ¬å ∑’Ë¥‘π Õ“§“√ ·≈–Õÿª°√≥å ·≈– ‘π∑√—æ¬å∑’Ë‰¡à‡ªìπ ‘π∑√—æ¬å∑“ß°“√‡ß‘π ®–¡’°“√∑∫∑«π°“√¥âÕ¬§à“ ‡¡◊ËÕ¡’‡Àµÿ°“√≥åÀ√◊Õ ∂“π°“√≥å∫àß™’È«à“√“§“µ“¡∫—≠™’Õ“®µË”°«à“¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π √“¬°“√¢“¥∑ÿπ®“°°“√¥âÕ¬§à“®–√—∫√Ÿâ‡¡◊ËÕ√“§“ µ“¡∫—≠™’¢Õß ‘π∑√—æ¬å Ÿß°«à“¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π ´÷Ëß¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π§◊Õ®”π«π∑’Ë Ÿß°«à“√–À«à“ß√“§“ ¢“¬ ÿ∑∏‘‡∑’¬∫°—∫¡Ÿ≈§à“®“°°“√„™â ‘π∑√—æ¬å®–∂Ÿ°®—¥‡ªìπ°≈ÿà¡∑’Ë‡≈Á°∑’Ë ÿ¥´÷Ëß‡ªìπÀπà«¬∑’Ë°àÕ„Àâ‡°‘¥°√–· ‡ß‘π ¥∑’Ë “¡“√∂ ·¬°ÕÕ°¡“‰¥â ‡æ◊ËÕ«—µ∂ÿª√– ß§å¢Õß°“√ª√–‡¡‘π°“√¥âÕ¬§à“ ≥ «—π∑’Ë„πß∫¥ÿ≈ °≈ÿà¡∫√‘…—∑µâÕß°≈—∫∫—≠™’√“¬°“√¢“¥∑ÿπ ®“°¥âÕ¬§à“¢Õß ‘π∑√—æ¬å∑’Ë°≈ÿà¡∫√‘…—∑√—∫√Ÿâ„πß«¥°àÕπ ‡¡◊ËÕª√–¡“≥°“√∑’Ë„™â°”Àπ¥¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π‰¥â ‡ª≈’Ë¬π·ª≈ß‰ª¿“¬À≈—ß®“°∑’Ë°≈ÿà¡∫√‘…—∑‰¥â√—∫√Ÿâ√“¬°“√¢“¥∑ÿπ®“°°“√¥âÕ¬§à“·≈â« 37 Annual Report 2005

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3.9 °“√√—∫√Ÿâ√“¬‰¥â·≈–µâπ∑ÿπ °≈ÿà¡∫√‘…—∑√—∫√Ÿâ√“¬‰¥â®“°°“√„Àâ∫√‘°“√µ“¡ —≠≠“°àÕ √â“ß‚¥¬«‘∏’Õ—µ√“ à«π¢Õßß“π∑’Ë∑”‡ √Á® °≈ÿà¡∫√‘…—∑®–µ—Èß ”√Õß ‡º◊ËÕº≈¢“¥∑ÿπ®“°ß“π°àÕ √â“ß∑—π∑’∑’Ë∑√“∫«à“®–¡’º≈¢“¥∑ÿπ‡°‘¥¢÷Èπ √“¬‰¥â∑’Ë√—∫√Ÿâ·≈â«„πß«¥∑’Ë√“¬ß“π ”À√—∫ à«π∑’Ë‡°‘π °«à“√“¬‰¥â∑’Ë∂÷ß°”Àπ¥™”√–µ“¡ —≠≠“· ¥ß‰«â‡ªìπ ç¡Ÿ≈§à“ß“π∑’Ë‡ √Á®·µà¬—ß‰¡à‡√’¬°‡°Á∫é „πß∫¥ÿ≈ µâπ∑ÿπ°àÕ √â“ßª√–°Õ∫¥â«¬ §à“«— ¥ÿ §à“·√ßß“π∑“ßµ√ß ·≈–‚ Àÿâ¬„π°“√°àÕ √â“ß à«π§à“„™â®à“¬∑—Ë«‰ª·≈–§à“„™â®à“¬„π °“√∫√‘À“√ °≈ÿà¡∫√‘…—∑∂◊Õ‡ªìπ§à“„™â®à“¬„πß∫°”‰√¢“¥∑ÿπ„πß«¥∑’Ë‡°‘¥¢÷Èπ µâπ∑ÿπß“π°àÕ √â“ß∑’Ë®—¥ √√‡¢â“‡ªìπµâπ∑ÿπ„π °“√∫√‘°“√·≈â«·µà¬—ß‰¡à∂÷ß°”Àπ¥™”√–µ“¡ —≠≠“· ¥ß‰«â‡ªìπ çµâπ∑ÿπ∑’Ë¬—ß‰¡à∂÷ß°”Àπ¥™”√–é „πß∫¥ÿ≈ µâπ∑ÿπ∑’‡Ë °‘¥¢÷πÈ „π√–À«à“ßªï´ßË÷ ‡°’¬Ë «¢âÕß°—∫°‘®°√√¡„πÕπ“§µµ“¡ —≠≠“‰¡à‰¥â√«¡Õ¬Ÿ„à πµâπ∑ÿπ§à“°àÕ √â“ß·≈– ®–· ¥ß‡ªìπ ß“π√–À«à“ß°àÕ √â“ßµ“¡ —≠≠“ 3.10 —≠≠“‡™à“√–¬–¬“« —≠≠“‡™à“ ‘π∑√—æ¬å∑§Ë’ «“¡‡ ’¬Ë ß·≈–º≈µÕ∫·∑π¢Õß§«“¡‡ªìπ‡®â“¢Õß à«π„À≠à‰¥â‚Õπ‰ª„Àâ°∫— ºŸ‡â ™à“∂◊Õ‡ªìπ —≠≠“‡™à“°“√ ‡ß‘π —≠≠“‡™à“°“√‡ß‘π®–∫—π∑÷°‡ªìπ√“¬®à“¬ΩÉ“¬∑ÿπ¥â«¬¡Ÿ≈§à“¬ÿµ‘∏√√¡¢Õß ‘π∑√—æ¬å∑’Ë‡™à“ À√◊Õ¡Ÿ≈§à“ªí®®ÿ∫—π ÿ∑∏‘¢Õß ®”π«π‡ß‘π∑’ËµâÕß®à“¬µ“¡ —≠≠“‡™à“ ·≈â«·µà¡Ÿ≈§à“„¥®–µË”°«à“ ‚¥¬®”π«π‡ß‘π∑’ËµâÕß®à“¬®–ªíπ à«π√–À«à“ßÀπ’È ‘π·≈– §à“„™â®à“¬∑“ß°“√‡ß‘π‡æ◊ËÕ„Àâ‰¥âÕ—µ√“¥Õ°‡∫’È¬§ß∑’ËµàÕÀπ’È ‘π§ß§â“ßÕ¬Ÿà‚¥¬æ‘®“√≥“·¬°·µà≈– —≠≠“ ¿“√–ºŸ°æ—πµ“¡ —≠≠“‡™à“À—°§à“„™â®à“¬∑“ß°“√‡ß‘π®–∫—π∑÷°‡ªìπÀπ’È ‘π√–¬–¬“« à«π¥Õ°‡∫’È¬®à“¬®–∫—π∑÷°„πß∫°”‰√¢“¥∑ÿπµ≈Õ¥Õ“¬ÿ¢Õß —≠≠“‡™à“ ‘π∑√—æ¬å∑’Ë‰¥â¡“µ“¡ —≠≠“‡™à“°“√‡ß‘π®–§‘¥§à“ ‡ ◊ËÕ¡√“§“µ≈Õ¥Õ“¬ÿ°“√„™âß“π¢Õß ‘π∑√—æ¬å∑’Ë‡™à“ À√◊ÕÕ“¬ÿ¢Õß —≠≠“‡™à“ ·≈â«·µà√–¬–‡«≈“„¥®–µË”°«à“ —≠≠“√–¬–¬“«‡æ◊ÕË ‡™à“ ‘π∑√—æ¬å‚¥¬∑’§Ë «“¡‡ ’¬Ë ß·≈–º≈µÕ∫·∑π¢Õß§«“¡‡ªìπ‡®â“¢Õß à«π„À≠àµ°Õ¬Ÿ°à ∫— ºŸ„â Àâ‡™à“ ®–®—¥ ‡ªìπ —≠≠“‡™à“¥”‡π‘πß“π ‡ß‘π∑’ËµâÕß®à“¬¿“¬„µâ —≠≠“‡™à“¥”‡π‘πß“π ( ÿ∑∏‘®“° ‘ËßµÕ∫·∑π®Ÿß„®∑’Ë‰¥â√—∫®“°ºŸâ„Àâ‡™à“) ®–∫—π∑÷°„πß∫°”‰√¢“¥∑ÿπ‚¥¬„™â«‘∏’‡ âπµ√ßµ≈Õ¥Õ“¬ÿ¢Õß —≠≠“‡™à“π—Èπ 3.11 °“√·ª≈ß§à“‡ß‘πµ√“µà“ßª√–‡∑» °≈ÿà¡∫√‘…—∑·ª≈ß§à“√“¬°“√∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑»„Àâ‡ªìπ‡ß‘π∫“∑‚¥¬„™âÕ—µ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë∑’Ë‡°‘¥√“¬°“√ ·≈– ·ª≈ß§à“ ‘π∑√—æ¬å·≈–Àπ’ È π‘ ∑’‡Ë ªìπµ—«‡ß‘π∑’‡Ë ªìπ‡ß‘πµ√“µà“ßª√–‡∑» ≥ «—π∑’„Ë πß∫¥ÿ≈„Àâ‡ªìπ‡ß‘π∫“∑‚¥¬„™âÕµ— √“·≈°‡ª≈’¬Ë π ≥ «—π∑’Ë„πß∫¥ÿ≈ √“¬°“√°”‰√·≈–√“¬°“√¢“¥∑ÿπ∑’Ë‡°‘¥®“°√—∫À√◊Õ®à“¬™”√–∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑» ·≈–∑’Ë‡°‘¥°“√ ·ª≈ß§à“ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‡ªìπµ—«‡ß‘π¥—ß°≈à“« ‰¥â∫—π∑÷°∑—π∑’„πß∫°”‰√¢“¥∑ÿπ 3.12 °“√·ª≈ß§à“ß∫°“√‡ß‘π∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑» ß∫°“√‡ß‘π¢ÕßÀπà«¬ß“π·ÀàßÀπ÷Ëß„πµà“ßª√–‡∑»∑’Ëπ”¡“®—¥∑”ß∫°“√‡ß‘π√«¡‰¥â®—¥∑”¢÷Èπ‚¥¬„™â °ÿ≈‡ß‘πµ√“ µà“ßª√–‡∑» ¢Õßª√–‡∑»π—Èπ‡ªìπÀπà«¬‡ß‘πµ√“´÷Ëß„™â„π°“√√“¬ß“π ß∫°“√‡ß‘π¢ÕßÀπà«¬ß“π„πµà“ßª√–‡∑»¥—ß°≈à“«‰¥â∂Ÿ°·ª≈ß§à“‡ªìπ ‡ß‘π∫“∑‡æ◊ËÕ«—µ∂ÿª√– ß§å„π°“√®—¥∑”ß∫°“√‡ß‘π√«¡‚¥¬„™âÕ—µ√“·≈°‡ª≈’Ë¬π∂—«‡©≈’Ë¬¢Õß∏π“§“√ ≥ «—π∑’Ë„πß∫¥ÿ≈ °”‰√ ¢“¥∑ÿπ®“°°“√·ª≈ß§à“· ¥ß‰«â„π∫—≠™’ çº≈µà“ß®“°°“√·ª≈ß§à“ß∫°“√‡ß‘πé ∫—π∑÷°‡ªìπ√“¬‰¥âÀ√◊Õ§à“„™â®à“¬„πß∫°”‰√ ¢“¥∑ÿπ 3.13 ¿“…’‡ß‘π‰¥â °≈ÿà¡∫√‘…—∑ ∫—π∑÷°¿“…’‡ß‘π‰¥â‰«â‡∑à“°—∫®”π«π‡ß‘π∑’Ë®–µâÕß®à“¬®√‘ßµ“¡ª√–¡«≈√—…Æ“°√ 3.14 °”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π §”π«≥‚¥¬°“√À“√°”‰√ ÿ∑∏‘·≈–°”‰√ ÿ∑∏‘√«¡ ¥â«¬®”π«πÀÿâπ∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°¢Õß®”π«πÀÿâπ ∑’Ë™”√–·≈â«·≈–ÕÕ°®”Àπà“¬„π√–À«à“ßªï 3.15 °”‰√µàÕÀÿâπª√—∫≈¥ °”‰√µàÕÀÿπâ ª√—∫≈¥ §”π«≥‚¥¬°“√À“√°”‰√ ÿ∑∏‘ ”À√—∫ªïÀ≈—ß®“°ª√—∫ª√ÿßº≈°√–∑∫¢Õß√“¬°“√∑’‡Ë °’¬Ë «°—∫Àÿπâ “¡—≠‡∑’¬∫ ‡∑à“ª√—∫≈¥ ¥â«¬®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°∑’ËÕÕ°®”Àπà“¬„π√–À«à“ßªï∫«°¥â«¬®”π«π ∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—° ¢ÕßÀÿâπ “¡—≠∑’Ë∫√‘…—∑Õ“®µâÕßÕÕ° ‡æ◊ËÕ·ª≈ßÀÿâπ “¡—≠‡∑’¬∫‡∑à“ª√—∫≈¥∑—Èß ‘Èπ„Àâ‡ªìπÀÿâπ “¡—≠

39 Annual Report 2005

3.16 ‡§√◊ËÕß¡◊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∑ÿπ™—Ë«§√“« ≈Ÿ°Àπ’È°“√§â“ ¡Ÿ≈§à“ß“π∑’Ë‡ √Á®·µà¬—ß‰¡à‡√’¬°‡°Á∫ ≈Ÿ°Àπ’È‡ß‘πª√–°—πº≈ß“π ≈Ÿ°Àπ’ÈÕ◊Ëπ ·≈–‡ß‘π„Àâ°Ÿâ¬◊¡ Àπ’È ‘π∑“ß°“√‡ß‘π∑’Ë· ¥ß„πß∫¥ÿ≈ ª√–°Õ∫¥â«¬ ‡®â“Àπ’È°“√§â“ µâπ∑ÿπ∑’Ë¬—ß‰¡à∂÷ß°”Àπ¥™”√– Àπ’È ‘π¿“¬„µâ —≠≠“‡™à“´◊ÈÕ ‡®â“Àπ’È‡ß‘πª√–°—πº≈ß“π·≈–‡ß‘π °Ÿâ¬◊¡ ´÷Ëßπ‚¬∫“¬°“√∫—≠™’‡©æ“– ”À√—∫√“¬°“√·µà≈–√“¬°“√‰¥â‡ªî¥‡º¬·¬°‰«â„π·µà≈–À—«¢âÕ∑’Ë‡°’Ë¬«¢âÕß °≈ÿà¡∫√‘…—∑‰¡à ‰¥â„™â‡§√◊ÕË ß¡◊Õ∑“ß°“√‡ß‘πÕ◊πË ‡æ◊ÕË ≈¥§«“¡‡ ’¬Ë ß®“°°“√º—πº«π¢ÕßÕ—µ√“·≈°‡ª≈’¬Ë π‡ß‘πµ√“µà“ßª√–‡∑»·≈–Õ—µ√“¥Õ°‡∫’¬È 3.17 ∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫ÿ§§≈À√◊Õ°‘®°“√∑’‡Ë °’¬Ë «¢âÕß°—π°—∫∫√‘…∑— À¡“¬∂÷ß∫ÿ§§≈À√◊Õ°‘®°“√∑’¡Ë Õ’ ”π“®§«∫§ÿ¡∫√‘…∑— ∂Ÿ°§«∫§ÿ¡‚¥¬∫√‘…∑— ‰¡à«“à ®– ‡ªìπ‚¥¬∑“ßµ√ßÀ√◊Õ∑“ßÕâÕ¡ À√◊ÕÕ¬Ÿà¿“¬„µâ°“√§«∫§ÿ¡‡¥’¬«°—π°—∫∫√‘…—∑ √«¡∂÷ß∫√‘…—∑∑’Ë∑”Àπâ“∑’Ë∂◊ÕÀÿâπ ∫√‘…—∑¬àÕ¬ ·≈–°‘®°“√∑’Ë‡ªìπ∫√‘…—∑¬àÕ¬„π‡§√◊Õ‡¥’¬«°—π πÕ°®“°π’È∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π¬—ßÀ¡“¬√«¡∂÷ß∫√‘…—∑√à«¡·≈– ∫ÿ§§≈´÷Ëß∂◊ÕÀÿâπ∑’Ë¡’ ‘∑∏‘ÕÕ°‡ ’¬ß‰¡à«à“∑“ßµ√ßÀ√◊Õ∑“ßÕâÕ¡·≈–¡’Õ‘∑∏‘æ≈Õ¬à“ß‡ªìπ “√– ”§—≠°—∫∫√‘…—∑ ºŸâ∫√‘À“√ ”§—≠ °√√¡°“√À√◊Õ æπ—°ß“π¢Õß∫√‘…—∑ µ≈Õ¥∑—Èß ¡“™‘°„π§√Õ∫§√—«∑’Ë„°≈â™‘¥°—∫∫ÿ§§≈¥—ß°≈à“« ·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—∫ ∫ÿ§§≈‡À≈à“π—Èπ „π°“√æ‘®“√≥“§«“¡ —¡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¡“¬ 3.18 ª√–¡“≥°“√Àπ’È ‘π °≈ÿ¡à ∫√‘…∑— ®–∫—π∑÷°ª√–¡“≥°“√Àπ’ È π‘ ‡¡◊ÕË ¡’§«“¡‡ªìπ‰ª‰¥â§Õà π¢â“ß·πà¢Õß°“√‡°‘¥¿“√–ºŸ°æ—π„πªí®®ÿ∫π— µ“¡°ÆÀ¡“¬À√◊Õ ®“°°“√Õπÿ¡“πÕ—π‡ªìπº≈ ◊∫‡π◊ËÕß¡“®“°‡Àµÿ°“√≥å„πÕ¥’µ ¿“√–ºŸ°æ—π¥—ß°≈à“«§“¥«à“®– àßº≈„ÀâµâÕß‡°‘¥°“√‰À≈ÕÕ° ¢Õß∑√—æ¬“°√‡æ◊ËÕ®à“¬™”√–¿“√–ºŸ°æ—π·≈–®”π«π∑’ËµâÕß®à“¬ “¡“√∂ª√–¡“≥°“√‰¥âÕ¬à“ßπà“‡™◊ËÕ∂◊Õ √“¬®à“¬∑’Ë®–‰¥â√—∫ §◊π∫—π∑÷°‡ªìπ ‘π∑√—æ¬å·¬°µà“ßÀ“°°ÁµàÕ‡¡◊ËÕ°“√‰¥â√—∫§◊π§“¥«à“®–‰¥â√—∫Õ¬à“ß·πàπÕπ‡¡◊ËÕ‰¥â®à“¬™”√–ª√–¡“≥°“√Àπ’È ‘π‰ª·≈â«

4. √“¬°“√ª√—∫ª√ÿßß∫°“√‡ß‘πªï°àÕπ ∫√‘…—∑‰¥â·°â‰¢¢âÕº‘¥æ≈“¥∑“ß∫—≠™’®“°°“√∫—π∑÷° ”√Õßµ“¡°ÆÀ¡“¬µË”‰ª¥—ßπ—Èπ∫√‘…—∑‰¥â∫—π∑÷°√“¬°“√ª√—∫ª√ÿß ¥—ß°≈à“« ‚¥¬«‘∏ª’ √—∫¬âÕπÀ≈—ß ‚¥¬®—¥ √√ ”√Õßµ“¡°ÆÀ¡“¬‡æ‘¡Ë ‡µ‘¡„Àâ‡∑à“°—∫√âÕ¬≈– 10 ¢Õß∑ÿπ®¥∑–‡∫’¬π°“√ª√—∫ª√ÿßπ’∑È ”„Àâ°”‰√ – ¡ ≥ «—π∑’Ë 1 ¡°√“§¡ 2548 ≈¥≈ß 4,636,885 ∫“∑ ·≈– ”√Õßµ“¡°ÆÀ¡“¬‡æ‘Ë¡¢÷Èπ¥â«¬®”π«π∑’Ë‡∑à“°—π °“√ª√—∫ª√ÿß¥—ß°≈à“«‰¥â √—∫Õπÿ¡—µ‘®“°∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ‡¡◊ËÕ«—π∑’Ë 8 ‡¡…“¬π 2548

5. √“¬°“√∫—≠™’°—∫∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π °≈ÿà¡∫√‘…—∑¡’√“¬°“√∫—≠™’°—∫∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‘π∑√—æ¬å Àπ’È ‘π √“¬‰¥â ·≈– §à“„™â®à“¬ à«πÀπ÷Ëß‡°‘¥®“°√“¬°“√ °—∫∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π¥—ß°≈à“« °‘®°“√·≈–∫ÿ§§≈‡À≈à“π’È‡°’Ë¬«¢âÕß°—π‚¥¬‡ªìπ ºŸâ∂◊ÕÀÿâπ·≈–/À√◊Õ¡’ºŸâ∂◊ÕÀÿâπ·≈–À√◊Õ °√√¡°“√√à«¡°—π º≈¢Õß√“¬°“√¥—ß°≈à“«‰¥â√«¡‰«â„πß∫°“√‡ß‘ππ’È µ“¡‡°≥±å∑’Ë‰¥âæ‘®“√≥“√à«¡°—π«à“‡ªìπ‰ªµ“¡ª°µ‘„π ∑“ß°“√§â“√–À«à“ß°≈ÿà¡∫√‘…—∑ ∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π°—∫§Ÿà§â“Õ◊ËπÊ

√“¬ß“πª√–®”ªï 2548 40

5.1 ≈—°…≥–§«“¡ —¡æ—π∏å·≈–π‚¬∫“¬„π°“√°”Àπ¥√“§“ ≈—°…≥–§«“¡ —¡æ—π∏å·≈–π‚¬∫“¬„π°“√°”Àπ¥√“§“√–À«à“ß°≈ÿà¡∫√‘…—∑ °—∫∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π¡’¥—ßπ’È : ≈—°…≥–§«“¡ —¡æ—π∏å ∫√‘…—∑¬àÕ¬ : ∫®. ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß ∂◊ÕÀÿâπ‚¥¬∫√‘…—∑ ·≈–°√√¡°“√√à«¡°—π ∫®. ‡æ“‡«Õ√åæ√Õ ‡æ§ ∂◊ÕÀÿâπ‚¥¬∫√‘…—∑ ·≈–°√√¡°“√√à«¡°—π ∫®. ‡∑§‡πÕ√å ∂◊ÕÀÿâπ‚¥¬∫√‘…—∑ ·≈–°√√¡°“√√à«¡°—π °‘®°“√√à«¡§â“ : °‘®°“√√à«¡§â“√–À«à“ß ∫√‘…—∑‰æ‚Õ‡π’¬√å ‡∑‡≈§Õ¡ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥·≈– ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ ºŸâ√à«¡§â“ ·≈–°√√¡°“√√à«¡°—π °‘®°“√√à«¡§â“ æ’ ·Õ≈ Õ’ ·≈– ‡Õ .∑’.∑’. ºŸâ√à«¡§â“ ·≈–°√√¡°“√√à«¡°—π °‘®°“√√à«¡§â“ æ’ ·Õ≈ Õ’ ·≈– «“¬.‡§.∑’. ºŸâ√à«¡§â“ ·≈–°√√¡°“√√à«¡°—π ∫√‘…—∑‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑ Õ‘µ—≈‰∑¬ «‘»«°√√¡ ®”°—¥ √à«¡§â“ ºŸâ√à«¡§â“ ·≈–°√√¡°“√√à«¡°—π ∫√‘…—∑√à«¡ : ∫®. ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) ∂◊ÕÀÿâπ‚¥¬∫√‘…—∑ ·≈–°√√¡°“√√à«¡°—π ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π : ∫®. æ√Õ ·æ§ ºŸâ∂◊ÕÀÿâπ·≈–°√√¡°“√√à«¡°—π ∫®. ‡ø√¡ ‡∑§π‘§ °√√¡°“√√à«¡°—π ∫®. ‚ª√ µ“√å (ª√–‡∑»‰∑¬) °√√¡°“√√à«¡°—π ∫®. ¬Ÿ‰π‡µÁ¥ ‡æ“‡«Õ√å ‡ÕÁπ®‘‡π’¬√‘Ëß °√√¡°“√√à«¡°—π ∫®. Õ‘π∑‘‡°√∑ ‡ÕÁπ‡µÕ√å‰æ√ å °√√¡°“√√à«¡°—π ∫®. ÿ‚¢∑—¬ ‡ÕÁπ‡µÕ√å‰æ√ å °√√¡°“√√à«¡°—π ∫®. ·ÕÁ¥«ä“π´å ‡æ“‡«Õ√å ‡∑§‚π‚≈¬’ °√√¡°“√√à«¡°—π ∫®. √—µπ‚° ‘π∑√å ‡ÕÁπ‡µÕ√å‰æ√ å °√√¡°“√√à«¡°—π ∫®. ∫”√ÿß‡¡◊Õßæ≈“´à“ °√√¡°“√√à«¡°—π°—∫∫√‘…—∑¬àÕ¬ ∫®. ‰æ‚Õ‡π’¬√å ‡∑‡≈§Õ¡ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ºŸâ√à«¡§â“ ∫®. »√’‰∑¬‡∑‡≈§Õ¡ ºŸâ√à«¡§â“ ∫®. ¬ÿ§≈∏√ §Õ¡¡‘«π‘‡§™—Ëπ ºŸâ√à«¡§â“ ∫®. Õ‘µ—≈‰∑¬ «‘»«°√√¡ ºŸâ√à«¡§â“ ∫ÿ§§≈∑’Ë‡°’Ë¬«¢âÕß°—π : §ÿ≥™—™«“≈ ÿ¬–π—π∑πå °√√¡°“√∫√‘…—∑¬àÕ¬ §ÿ≥æ‘ —πµå ®‘πµπ“¿—°¥’ °√√¡°“√∫√‘…—∑ §ÿ≥ ¡»—°¥‘Ï §ÿªµ‡¡∏’ °√√¡°“√∫√‘…—∑ π‚¬∫“¬√“§“ π‚¬∫“¬„π°“√°”Àπ¥√“§“°—∫∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π : √“¬‰¥â®“°°“√„Àâ∫√‘°“√ √“§“ª°µ‘∏ÿ√°‘®‡∑à“°—∫√“§“∑’Ë§‘¥°—∫§Ÿà§â“√“¬Õ◊Ëπ √“¬‰¥âÕ◊Ëπ √“§“ª°µ‘∏ÿ√°‘®‡∑à“°—∫√“§“∑’Ë§‘¥°—∫§Ÿà§â“√“¬Õ◊Ëπ µâπ∑ÿπ„π°“√„Àâ∫√‘°“√ √“§“ª°µ‘∏ÿ√°‘®‡∑à“°—∫√“§“∑’Ë‰¥â√—∫®“°§Ÿà§â“√“¬Õ◊Ëπ §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ √“§“ª°µ‘∏ÿ√°‘®‡∑à“°—∫√“§“∑’Ë‰¥â√—∫®“°§Ÿà§â“√“¬Õ◊Ëπ ‡ß‘π„Àâ°Ÿâ¬◊¡ Õ—µ√“¥Õ°‡∫’È¬µ“¡∑’Ë„°≈â‡§’¬ßµâπ∑ÿπ°“√°Ÿâ¬◊¡¢Õß∫√‘…—∑À√◊ÕÕ—µ√“¥Õ°‡∫’È¬∑’Ëµ°≈ß√à«¡°—π ‡ß‘π°Ÿâ¬◊¡ Õ—µ√“¥Õ°‡∫’È¬µ“¡∑âÕßµ≈“¥À√◊ÕÕ—µ√“∑’Ëµ°≈ß√à«¡°—π °“√§È”ª√–°—π ‰¡à§‘¥§à“∏√√¡‡π’¬¡

41 Annual Report 2005

5.2 ¬Õ¥§ß‡À≈◊Õ√–À«à“ß∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ¬Õ¥§ß‡À≈◊Õ√–À«à“ß∫√‘…—∑°—∫∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ¡’¥—ßπ’È ∫“∑ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 2548 2547 ≈Ÿ°Àπ’È°“√§â“ ∫®. ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß 270,244 283,228 ∫®. ‡æ“‡«Õ√åæ√Õ ‡æ§ 5,100 ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑ Õ‘µ—≈‰∑¬ «‘»«°√√¡ ®”°—¥ √à«¡§â“ 1,000,000 2,000,000 °‘®°“√√à«¡§â“√–À«à“ß ∫√‘…—∑‰æ‚Õ‡π’¬√å ‡∑‡≈§Õ¡ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈–∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ 165,910 43,572 663,640 174,288 ∫®. ‡ø√¡ ‡∑§π‘§ 121,405 80,937 121,405 80,937 ∫®. ‚ª√ µ“√å (ª√–‡∑»‰∑¬) 18,360 12,240 18,360 12,240 ∫®. ¬Ÿ‰π‡µÁ¥ ‡æ“‡«Õ√å ‡ÕÁπ®‘‡π’¬√‘Ëß 152,108 1,651,405 152,108 1,651,405 ∫®. ·ÕÁ¥«ä“π´å ‡æ“‡«Õ√å ‡∑§‚π‚≈¬’ 45,000 45,000 ∫®. ∫”√ÿß‡¡◊Õßæ≈“´à“ 507,101,790 507,101,790 ∫®. ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) 12,489,840 √«¡ 521,049,413 1,833,154 510,332,647 2,247,098 À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ (À¡“¬‡Àµÿ 8) (79,997,914) (79,997,914) ≈Ÿ°Àπ’È°“√§â“ ÿ∑∏‘ - ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π 441,051,499 1,833,154 430,334,733 2,247,098 ≈Ÿ°Àπ’È‡ß‘πª√–°—πº≈ß“π ∫®. ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) ¡Ÿ≈§à“ß“π∑’Ë‡ √Á®·µà¬—ß‰¡à‡√’¬°‡°Á∫ °‘®°“√√à«¡§â“ æ’·Õ≈Õ’ ·≈– ‡Õ .∑’.∑’ ∫®. ∫”√ÿß‡¡◊Õßæ≈“´à“ ∫®. ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) √«¡ ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫ ‡ß‘πµâπ ë ∫®. ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï ¬Õ¥ ≥ «—πµâπªï ∫«° ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï (ªï 2547 : °ÿ≈‡ß‘πµ√“µà“ßª√–‡∑»®”π«π 60,000 ‡À√’¬≠ À√—∞Õ‡¡√‘°“) À—° ≈¥≈ß√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï

√“¬ß“πª√–®”ªï 2548 42

3,388,363

2,507,373 68,622,502 4,025,252 75,155,127

634,870 634,870

5,014,746 68,622,502 73,637,248

1,269,741 1,269,741

5-7 21,352,150

5-7 11,371,158

13,597,147 (34,949,297) -

15,995,652 (6,014,660) 21,352,150

∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547 ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫ ë °‘®°“√√à«¡§â“√–À«à“ß ∫√‘…—∑‰æ‚Õ‡π’¬√å ‡∑‡≈§Õ¡ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈–∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï ¬Õ¥ ≥ «—πµâπªï À—° ≈¥≈ß√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï ë ∫√‘…—∑‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑ Õ‘µ—≈‰∑¬ «‘»«°√√¡ ®”°—¥ √à«¡§â“ Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï ¬Õ¥ ≥ «—πµâπªï ∫«° ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï À—° ≈¥≈ß√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï ë ∫®. ∫”√ÿß‡¡◊Õßæ≈“´à“ Õ—µ√“¥Õ°‡∫’È¬ ¬Õ¥ ≥ «—πµâπªï ∫«° ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï ë §ÿ≥™—™«“≈ ÿ¬–π—π∑πå Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï ¬Õ¥ ≥ «—πµâπªï ∫«° ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï À—° ≈¥≈ß√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï ¥Õ°‡∫’È¬§â“ß√—∫ ∫®. ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß °‘®°“√√à«¡§â“√–À«à“ß ∫√‘…—∑‰æ‚Õ‡π’¬√å ‡∑‡≈§Õ¡ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈–∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑ Õ‘µ—≈‰∑¬ «‘»«°√√¡ ®”°—¥ √à«¡§â“ ∫®. ∫”√ÿß‡¡◊Õßæ≈“´à“ §ÿ≥™—™«“≈ ÿ¬–π—π∑πå √«¡¥Õ°‡∫’È¬§â“ß√—∫ √«¡‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫ À—° ”√Õß‡º◊ËÕ¿“√–Àπ’È ‘π¢Õß°‘®°“√√à«¡§â“ - µ“¡«‘∏’ à«π‰¥â‡ ’¬ (À¡“¬‡Àµÿ 27) ÿ∑∏‘

12 1,550,000 3,800,000 (5,350,000) -

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

2-7 10,250,000 (10,250,000) -

2-7 41,000,000 (41,000,000) -

12 10,050 1,800,000 (260,050) 1,550,000

12 3,100,000 7,600,000 (10,700,000) -

12 20,100 3,600,000 (520,100) 3,100,000

8 3,000,000 3,000,000

6 6,900,000 (6,900,000) -

1,300,476

4,114,383

16,457,534

35,506 76,748 4,226,637 7,226,637

39,748 4,154,131 5,704,131

35,506 16,493,040 19,493,040

79,496 17,837,506 42,289,656

7,226,637

5,704,131

(12,405,992) 7,087,048

(14,323,741) 27,965,915

43 Annual Report 2005

∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547 ‡ß‘π∑¥≈Õß®à“¬ ë ∫®. ‡æ“‡«Õ√åæ√Õ ‡æ§ ë °‘®°“√√à«¡§â“ æ’·Õ≈Õ’ ·≈– ‡Õ ∑’∑’ √«¡ ‡®â“Àπ’È°“√§â“ ∫®. ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß ∫®. ‡ø√¡ ‡∑§π‘§ ∫®. ‚ª√ µ“√å (ª√–‡∑»‰∑¬) ∫®. ¬Ÿ‰π‡µÁ¥ ‡æ“‡«Õ√å ‡ÕÁπ®‘‡π’¬√‘Ëß ∫®. Õ‘µ—≈‰∑¬ «‘»«°√√¡ √«¡ µâπ∑ÿπ∑’Ë¬—ß‰¡à∂÷ß°”Àπ¥™”√– ∫®. ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß®à“¬ ®“°∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ ë ∫®. Õ‘µ—≈‰∑¬«‘»«°√√¡ Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï ¬Õ¥ ≥ «—πµâπªï ∫«° ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï À—° ≈¥≈ß√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï ë §ÿ≥™—™«“≈ ÿ¬–π—π∑πå Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï ¬Õ¥ ≥ «—πµâπªï ∫«° ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï À—° ≈¥≈ß√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï ë §ÿ≥æ‘ —πµå ®‘πµπ“¿—°¥’ Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï ¬Õ¥ ≥ «—πµâπªï ∫«° ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï À—° ≈¥≈ß√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï ë §ÿ≥ ¡»—°¥‘Ï §ÿªµ‡¡∏’ Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï ¬Õ¥ ≥ «—πµâπªï ∫«° ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï À—° ≈¥≈ß√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï ¥Õ°‡∫’È¬§â“ß®à“¬ ë ∫®. Õ‘µ—≈‰∑¬«‘»«°√√¡ ë §ÿ≥™—™«“≈ ÿ¬–π—π∑πå √«¡¥Õ°‡∫’È¬§â“ß®à“¬ √«¡‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß®à“¬ ®“°∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

√“¬ß“πª√–®”ªï 2548 44

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

45,014 45,014

12,514 12,514

90,028 90,028

55,720 25,028 80,748

2,710,086 1,000,000 3,710,086

9,662,827 65,891 215,975 9,944,693

1,426,086 1,426,086

1,258,828 9,662,827 65,891 215,975 11,203,521

12,532,427

12 250,000 (250,000) -

12 250,000 250,000

6 5,710,000 (1,250,000) 4,460,000

7 3,300,000 (3,300,000) -

7 1,700,000 (1,700,000) -

6,986

256,986

40,737 40,737 4,500,737

6,986 -

5.3 √“¬‰¥â·≈–§à“„™â®à“¬ √“¬‰¥â·≈–µâπ∑ÿπ√–À«à“ß∫√‘…—∑°—∫∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ¡’¥—ßπ’È ∫“∑ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 2548 2547 √“¬‰¥â®“°°“√„Àâ∫√‘°“√ ∫®. ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑ Õ‘µ—≈‰∑¬ «‘»«°√√¡ ®”°—¥ √à«¡§â“ °‘®°“√√à«¡§â“ æ’ ·Õ≈ Õ’ ·≈– ‡Õ .∑’.∑’ °‘®°“√√à«¡§â“ æ’ ·Õ≈ Õ’ ·≈– «“¬.‡§.∑’ ∫®. ‡ø√¡‡∑§π‘§ ∫®. ¬Ÿ‰π‡µÁ¥‡æ“‡«Õ√å ‡ÕÁπ®‘‡π’¬√‘Ëß ∫®. ∫”√ÿß‡¡◊Õßæ≈“´à“ ∫®. ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) √«¡

1,946,902 13,000,000 168,115,498 71,792,513 245,854,913

374,830 277,370 445,302 7,000,000 3,824,800 11,922,302

¥Õ°‡∫’È¬√—∫ ∫®. ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß °‘®°“√√à«¡§â“√–À«à“ß ∫√‘…—∑ ‰æ‚Õ‡π’¬√å ‡∑‡≈§Õ¡ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈–∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑ Õ‘µ—≈‰∑¬ «‘»«°√√¡ ®”°—¥ √à«¡§â“ ∫®. ∫”√ÿß‡¡◊Õßæ≈“´à“ §ÿ≥™—™«“≈ ÿ¬–π—π∑πå √«¡ √“¬‰¥âÕ◊Ëπ ∫®. ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß ∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑ Õ‘µ—≈‰∑¬ «‘»«°√√¡ ®”°—¥ √à«¡§â“ ∫®. ‡æ“‡«Õ√åæ√Õ ‡æ§ ∫®. ‡ø√¡ ‡∑§π‘§ ∫®. ‚ª√ µ“√å (ª√–‡∑»‰∑¬) ∫®. ¬Ÿ‰π‡µÁ¥‡æ“‡«Õ√å ‡ÕÁπ®‘‡π’¬√‘Ëß √«¡ µâπ∑ÿπ„π°“√„Àâ∫√‘°“√ ∫®. ‡ø√¡ ‡∑§π‘§ ∫®. ¬Ÿ‰π‡µÁ¥ ‡æ“‡«Õ√å ‡ÕÁπ®‘‡π’¬√‘Ëß √«¡

240,050 35,507 76,747 352,304

234,500 39,748 274,248

1,045,904

3,893,805 13,000,000 168,115,498 186,055,207

749,660 554,741 890,604 7,000,000 3,824,800 13,019,805

455,911

968,510

938,000

480,099 35,507 971,517

79,496 1,986,006

6,000

11,926

1,262,577 532,696 77,848 661,112 2,534,233

524,973 78,355 655,612 1,258,940

2,525,154 61,200 532,696 77,848 661,112 3,864,010

524,973 78,355 655,612 1,270,866

22,017,110 2,267,877 24,284,987

17,533,006 24,195,601 41,728,607

20,817,110 2,267,877 23,084,987

17,533,006 24,195,601 41,728,607

45 Annual Report 2005

∫“∑

§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ ∫®. ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß ∫®. Õ‘µ—≈‰∑¬ «‘»«°√√¡ ∫®. ‡ø√¡ ‡∑§π‘§ ∫®. ‚ª√ µ“√å (ª√–‡∑»‰∑¬) √«¡ ¥Õ°‡∫’¬È ®à“¬ ∫®. Õ‘µ—≈‰∑¬«‘»«°√√¡ §ÿ≥™—™«“≈ ÿ¬–π—π∑πå §ÿ≥æ‘ —πµå ®‘πµπ“¿—°¥’ §ÿ≥ ¡»—°¥‘Ï §ÿªµ‡¡∏’ √«¡

ß∫°“√‡ß‘π√«¡ 2548 2547

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

1,000,000 891,842 297,137 2,188,979

710,363 384,607 1,094,970

2,493,843 891,842 297,137 3,682,822

4,785,728 710,363 384,607 5,880,698

14,055 40,737 51,986 26,781 133,559

6,986

6. ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ∫“∑ Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï 2548 2547 ‡ß‘π ¥ ‡ß‘πΩ“°°√–· √“¬«—π ‡ß‘πΩ“°ª√–‡¿∑‡º◊ËÕ‡√’¬° ‡ß‘πΩ“°ª√–®” √«¡

0.25 - 1.00 0.50 - 1.50

ß∫°“√‡ß‘π√«¡ 2548 2547 3,348,505 52,419,676 143,684,590 12,223,935 211,676,706

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

119,235 116,100,856 73,316,529 601,070 190,137,690

3,333,505 41,187,145 111,088,162 223,934 155,832,746

99,235 107,207,576 66,488,479 601,070 174,396,360

7. ‡ß‘π≈ß∑ÿπ™—Ë«§√“« ∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547 ‡ß‘π≈ß∑ÿπ™—Ë«§√“« - À≈—°∑√—æ¬å‡æ◊ËÕ§â“ À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ‰∑¬æ“≥‘™¬å ∫«° °”‰√∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®√‘ß®“°°“√µ’√“§“‡ß‘π≈ß∑ÿπ √«¡

√“¬ß“πª√–®”ªï 2548 46

348,443,256 2,707,700 351,150,956

62,968,888 1,167,512 64,136,400

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 160,165,971 767,423 160,933,394

62,968,888 1,167,512 64,136,400

≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ ∫“∑

≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑√à«¡·≈–°‘®°“√√à«¡§â“ (À¡“¬‡Àµÿ 5.1 ·≈– 5.2) ·¬°µ“¡Õ“¬ÿÀπ’È ª√–°Õ∫¥â«¬ : §â“ß™”√– 1 ‡¥◊Õπ ∂÷ß 3 ‡¥◊Õπ §â“ß™”√– 4 ‡¥◊Õπ ∂÷ß 6 ‡¥◊Õπ §â“ß™”√– 7 ‡¥◊Õπ ∂÷ß 12 ‡¥◊Õπ ¡“°°«à“ 12 ‡¥◊Õπ √«¡≈Ÿ°Àπ’È°“√§â“ - ∫√‘…—∑¬àÕ¬ ∫√‘…—∑√à«¡ ·≈–°‘®°“√√à«¡°“√§â“ °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π (À¡“¬‡Àµÿ 5.1 ·≈– 5.2) ·¬°µ“¡Õ“¬ÿÀπ’È ª√–°Õ∫¥â«¬ : §â“ß™”√– 1 ‡¥◊Õπ ∂÷ß 3 ‡¥◊Õπ §â“ß™”√– 4 ‡¥◊Õπ ∂÷ß 6 ‡¥◊Õπ §â“ß™”√– 7 ‡¥◊Õπ ∂÷ß 12 ‡¥◊Õπ ¡“°°«à“ 12 ‡¥◊Õπ √«¡≈Ÿ°Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ≈Ÿ°Àπ’È°“√§â“ ÿ∑∏‘ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ≈Ÿ°Àπ’È°“√§â“ ÿ∑∏‘ - ∫√‘…—∑¬àÕ¬ ∫√‘…—∑√à«¡ °‘®°“√√à«¡§â“·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π °‘®°√√¡Õ◊Ëπ ·¬°µ“¡Õ“¬ÿÀπ’È ª√–°Õ∫¥â«¬ : §â“ß™”√– 1 ‡¥◊Õπ ∂÷ß 3 ‡¥◊Õπ §â“ß™”√– 4 ‡¥◊Õπ ∂÷ß 6 ‡¥◊Õπ §â“ß™”√– 7 ‡¥◊Õπ ∂÷ß 12 ‡¥◊Õπ ¡“°°«à“ 12 ‡¥◊Õπ √«¡≈Ÿ°Àπ’È°“√§â“ - °‘®°“√Õ◊Ëπ ‡™Á§√—∫≈à«ßÀπâ“ - °‘®°“√Õ◊Ëπ √«¡ À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ - °‘®°“√Õ◊Ëπ ≈Ÿ°Àπ’È°“√§â“ ÿ∑∏‘ - °‘®°“√Õ◊Ëπ

ß∫°“√‡ß‘π√«¡ 2548 2547

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

12,450 34,888 1,096,786 21,786

43,572 -

146,131 318,565 2,387,144 87,144

270,473 128,617 58,426 -

1,165,910

43,572

2,938,984

457,516

98,049,496 58,106,315 159,030,917 204,696,775 519,883,503 (79,997,914) 439,885,589

1,744,582 45,000 1,789,582 1,789,582

85,559,656 58,106,315 159,030,917 204,696,775 507,393,663 (79,997,914) 427,395,749

1,744,582 45,000 1,789,582 1,789,582

441,051,499

1,833,154

430,334,733

2,247,098

417,528,385 662,741,967 52,960,628 412,299,939 138,209,390 427,373,026 50,537,435 168,825,764 659,235,838 1,671,240,696 20,908,552 16,495,327 680,144,390 1,687,736,023 (31,170,640) (60,926,562) 648,973,750 1,626,809,461

412,689,845 52,960,628 138,209,390 48,289,160 652,149,023 20,908,552 673,057,575 (30,046,502) 643,011,073

726,757,251 412,299,939 440,035,967 173,443,519 1,752,536,676 16,495,327 1,769,032,003 (63,411,785) 1,705,620,218

47 Annual Report 2005

≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ∫√‘…—∑¡’≈Ÿ°Àπ’È°“√§â“ 2 √“¬∑’Ë¡’ªí≠À“„π°“√™”√–§◊πÀπ’È·°à∫√‘…—∑¥—ßπ’È 1. ≈Ÿ°Àπ’È°“√§â“ ∫√‘…—∑ ∫”√ÿß‡¡◊Õßæ≈“´à“ ®”°—¥ (°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ¡’√“¬≈–‡Õ’¬¥°“√§â“ß™”√–¥—ßπ’È ≈Ÿ°Àπ’È°“√§â“ ¡Ÿ≈§à“ß“π∑’Ë‡ √Á®·µà¬—ß‰¡à‡√’¬°‡°Á∫ √«¡ À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ ≈Ÿ°Àπ’È°“√§â“¥—ß°≈à“«¡’√“¬≈–‡Õ’¬¥Õ“¬ÿÀπ’È¥—ßπ’È

∫“∑ 507,101,790 68,622,502 575,724,292 (79,997,914) 495,726,378

∫“∑ §â“ß™”√– 1 ‡¥◊Õπ ∂÷ß 3 ‡¥◊Õπ 85,267,783 §â“ß™”√– 4 ‡¥◊Õπ ∂÷ß 6 ‡¥◊Õπ 58,106,315 §â“ß™”√– 7 ‡¥◊Õπ ∂÷ß 12 ‡¥◊Õπ 159,030,917 ¡“°°«à“ 12 ‡¥◊Õπ 204,696,775 √«¡≈Ÿ°Àπ’È°“√§â“ - ∫®.∫”√ÿß‡¡◊Õßæ≈“´à“ 507,101,790 ‡¡◊ËÕ«—π∑’Ë 14 °—π¬“¬π 2548 ≈Ÿ°Àπ’È°“√§â“¥—ß°≈à“«‰¥â∑”∫—π∑÷°¢âÕµ°≈ß°—∫∑“ß∫√‘…—∑„π°“√¡Õ∫Õ”π“®∫√‘À“√ß“π„π°‘®°“√¢Õß≈Ÿ°Àπ’È ∑—ßÈ À¡¥„Àâ·°à∫√‘…∑— ‚¥¬∫√‘…∑— ®–‡¢â“¥”‡π‘π°“√°àÕ √â“ß·≈–∫√‘À“√®—¥°“√‚§√ß°“√¢Õß≈Ÿ°Àπ’„È Àâ·≈â«‡ √Á®¿“¬„π«—π∑’Ë 30 ¡‘∂πÿ “¬π 2549 ‡æ◊ËÕ„Àâ “¡“√∂™”√–§◊πÀπ’È∑’Ë§â“ß™”√–∑—ÈßÀ¡¥·°à∫√‘…—∑‰¥â πÕ°®“°π’Èµ“¡¢âÕµ°≈ß¥—ß°≈à“« ∫√‘…—∑®–‰¥â√—∫§à“∏√√¡‡π’¬¡„π°“√∫√‘À“√ ®—¥°“√®”π«π 150 ≈â“π∫“∑ ·≈–®–§◊πÕ”π“®°“√∫√‘À“√ß“π∑—ßÈ À¡¥§◊π·°à≈°Ÿ Àπ’¥È ß— °≈à“« ‡¡◊ÕË ‰¥â√∫— ™”√–§◊πÀπ’∑È §Ë’ “â ß™”√–·≈â«∑—ßÈ À¡¥ 2. ≈Ÿ°Àπ’È°“√§â“ ∫√‘…—∑ ¿Ÿ‡°Áµ ·§«√å ®”°—¥ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ¡’√“¬≈–‡Õ’¬¥°“√§â“ß™”√–¥—ßπ’È ∫“∑ ≈Ÿ°Àπ’È°“√§â“ 448,427,360 ¡Ÿ≈§à“ß“π∑’Ë‡ √Á®·µà¬—ß‰¡à‡√’¬°‡°Á∫ 5,237,659 ≈Ÿ°Àπ’È‡ß‘πª√–°—πº≈ß“π 66,979,500 À—° ‡ß‘π√—∫≈à«ßÀπâ“ (56,502,325) √«¡ 464,142,194 À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ (9,586,417) ÿ∑∏‘ 454,555,777 ≈Ÿ°Àπ’È°“√§â“¥—ß°≈à“«¡’√“¬≈–‡Õ’¬¥Õ“¬ÿÀπ’È¥—ßπ’È ∫“∑ §â“ß™”√– 1 ‡¥◊Õπ ∂÷ß 3 ‡¥◊Õπ 6,498,000 §â“ß™”√– 4 ‡¥◊Õπ ∂÷ß 6 ‡¥◊Õπ 24,688,818 §â“ß™”√– 7 ‡¥◊Õπ ∂÷ß 12 ‡¥◊Õπ 321,376,369 ¡“°°«à“ 12 ‡¥◊Õπ 95,864,173 √«¡≈Ÿ°Àπ’È°“√§â“ - ∫®.¿Ÿ‡°Áµ ·§«√å 448,427,360 „πªí®®ÿ∫π— ≈Ÿ°Àπ’°È “√§â“√“¬π’ÕÈ ¬Ÿ„à π¢—πÈ µÕπ¢Õß·ºπøóπô øŸ°®‘ °“√¢Õß»“≈≈â¡≈–≈“¬°≈“ß ´÷ßË µ“¡·ºπøóπô øŸ°®‘ °“√‰¥â√∫— °“√Õπÿ¡µ— ®‘ “° ‡®â“ Àπ’È·≈â« ‡¡◊ËÕ«—π∑’Ë 29 ∏—π«“§¡ 2548 ·≈–Õ¬Ÿà√–À«à“ß°“√√âÕß¢ÕµàÕ»“≈≈â¡≈–≈“¬°≈“ß µ“¡·ºπøóôπøŸ°‘®°“√¥—ß°≈à“« °”Àπ¥„Àâ≈Ÿ° Àπ’È∑”°“√‡æ‘Ë¡∑ÿπ„π¢—Èπ·√°®”π«π 750 ≈â“π∫“∑ ‡æ◊ËÕ„Àâ‚§√ß°“√·≈â«‡ √Á®æ√âÕ¡‡ªî¥‰¥â„π°≈“ßªï 2549 ·≈–¥”‡π‘π°“√™”√–§◊πÀπ’È„Àâ ·°à∫√‘…—∑‡µÁ¡®”π«πæ√âÕ¡¥Õ°‡∫’È¬∑’Ë‡°‘¥¢÷Èπ‚¥¬ºàÕπ™”√–‡ªìπß«¥Ê „Àâ‡ √Á® ‘Èπ¿“¬„π√–¬–‡«≈“‰¡à‡°‘π 1 ªï ΩÉ“¬∫√‘À“√¢Õß∫√‘…∑— ‰¥â»°÷ …“§«“¡‡ªìπ‰ª‰¥â¢Õß°“√™”√–§◊πÀπ’¢È Õß≈Ÿ°Àπ’°È “√§â“∑—ßÈ Õß√“¬¥—ß°≈à“«¢â“ßµâπ ·≈–‡™◊ÕË «à“∫√‘…∑— “¡“√∂ ‡√’¬°™”√–‡ß‘π§◊π®“°≈Ÿ°Àπ’È∑—Èß Õß√“¬¥—ß°≈à“«‰¥â§√∫∂â«π Õ¬à“ß‰√°Áµ“¡∫√‘…—∑‰¥â¡’°“√µ—Èß §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ”À√—∫≈Ÿ°Àπ’È Õß √“¬¥—ß°≈à“« µ“¡π‚¬∫“¬°“√µ—Èß§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠¢Õß∫√‘…—∑

√“¬ß“πª√–®”ªï 2548 48

9. ¡Ÿ≈§à“ß“π∑’Ë‡ √Á®·µà¬—ß‰¡à‡√’¬°‡°Á∫ ∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547 ¡Ÿ≈§à“ —≠≠“ √“¬‰¥â®“°°“√„Àâ∫√‘°“√∑’Ë√—∫√Ÿâ - √“¬‰¥â®“°°“√„Àâ∫√‘°“√∑’Ë√—∫√Ÿâ®π∂÷ßµâπªï - √“¬‰¥â®“°°“√„Àâ∫√‘°“√∑’Ë√—∫√Ÿâ„π√–À«à“ßªï √«¡√“¬‰¥â®“°°“√„Àâ∫√‘°“√∑’Ë√—∫√Ÿâ À—° ‡ß‘πß«¥∑’Ë‡√’¬°‡°Á∫®“°ºŸâ®â“ß ¡Ÿ≈§à“ß“π∑’Ë‡ √Á®·µà¬—ß‰¡à‡√’¬°‡°Á∫

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

34,833,288,755 13,221,926,746 32,057,496,709 12,668,867,644 5,993,703,819 5,248,696,023 11,242,399,842 (10,104,072,982) 1,138,326,860

4,575,068,628 4,214,875,345 8,789,943,973 (7,844,948,410) 944,995,563

5,933,020,914 4,992,175,386 10,925,196,300 (9,818,285,055) 1,106,911,245

4,221,810,426 4,170,688,893 8,392,499,319 (7,462,942,088) 929,557,231

10. ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫ - °‘®°“√Õ◊Ëπ ∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547 ‡ß‘π„Àâ°Ÿâ¬◊¡ ∫®. ‡Õ‡æÁ§´å §Õπ§√’∑ ‡∑§ Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï ¬Õ¥ ≥ «—πµâπªï ∫«° ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï À—° ≈¥≈ß√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï À®°. ª.‡®√‘≠«‘‡»… Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï ¬Õ¥ ≥ «—πµâπªï ∫«° ‡æ‘Ë¡¢÷Èπ√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï ¥Õ°‡∫’È¬§â“ß√—∫ ∫®. ‡Õ‡æÁ§´å §Õπ§√’∑ ‡∑§ À®°. ª.‡®√‘≠«‘‡»… √«¡¥Õ°‡∫’È¬§â“ß√—∫ √«¡‡ß‘π„Àâ°Ÿâ¬◊¡·≈–¥Õ°‡∫’È¬§â“ß√—∫

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

5-7 182,000,000 (22,000,000) 160,000,000

6 12,000,000 (12,000,000) -

6.75 1,400,000 1,400,000

3,275,205 518 3,275,723 164,675,723

11. ≈Ÿ°Àπ’È‡ß‘πª√–°—πº≈ß“π ≈Ÿ°Àπ’È‡ß‘πª√–°—πº≈ß“π‡ªìπ‡ß‘π∑’Ë≈Ÿ°§â“À—°‡ß‘πª√–°—πº≈ß“π„πÕ—µ√“√âÕ¬≈– 5 ∂÷ß√âÕ¬≈– 10 „π·µà≈– —≠≠“¢Õß®”π«π‡ß‘π∑’Ë °≈ÿà¡∫√‘…—∑ ‡√’¬°‡°Á∫®“°≈Ÿ°§â“„π·µà≈–ß«¥‚¥¬≈Ÿ°§â“®–§◊π‡ß‘πª√–°—ππ’È‡¡◊ËÕ‚§√ß°“√‡ √Á®µ“¡∑’Ë√–∫ÿ„π —≠≠“

49 Annual Report 2005

12. ß“π√–À«à“ß°àÕ √â“ß ∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547 µâπ∑ÿπ°“√„Àâ∫√‘°“√ - µâπ∑ÿπ∑’Ë∂÷ß°”Àπ¥™”√–®π∂÷ß ‘Èπªï - µâπ∑ÿπ∑’Ë¬—ß‰¡à∂÷ß°”Àπ¥™”√– √«¡µâπ∑ÿπ°“√„Àâ∫√‘°“√ À—° µâπ∑ÿπ„π°“√„Àâ∫√‘°“√∑’Ë√—∫√Ÿâ - µâπ∑ÿπ„π°“√„Àâ∫√‘°“√∑’Ë√—∫√Ÿâ®π∂÷ßµâπªï - µâπ∑ÿπ„π°“√„Àâ∫√‘°“√∑’Ë√—∫√Ÿâ„π√–À«à“ßªï √«¡µâπ∑ÿπ°“√„Àâ∫√‘°“√∑’Ë√—∫√Ÿâ ß“π√–À«à“ß°àÕ √â“ß

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

9,592,988,070 8,112,666,614 9,339,878,059 7,766,139,423 311,182,817 132,840,226 272,948,840 128,264,065 9,904,170,887 8,245,506,840 9,612,826,899 7,894,403,488 (5,160,542,830) (4,334,380,664) (5,101,104,737) (4,025,991,001) (4,540,222,131) (3,685,678,475) (4,333,627,017) (3,642,964,786) (9,700,764,961) (8,020,059,139) (9,434,731,754) (7,668,955,787) 203,405,926 225,447,701 178,095,145 225,447,701

13. ‡ß‘π®à“¬≈à«ßÀπâ“ ”À√—∫‚§√ß°“√ - ÿ∑∏‘ ∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547 120,636,749 126,078,154 (279,228) 120,357,521 126,078,154

‡ß‘π®à“¬≈à«ßÀπâ“ À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ÿ∑∏‘

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 106,931,233 122,882,553 106,931,233 122,882,553

14. ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ - µ“¡«‘∏’ à«π‰¥â‡ ’¬ —¥ à«π ∑ÿπ™”√–·≈â« (≈â“π∫“∑) ‡ß‘π≈ß∑ÿπ 2548 2547 (√âÕ¬≈–) ∫®. ¬Ÿπ‘¡“ ‡ÕÁπ®‘‡π’¬√‘Ëß (√—∫‡À¡“°àÕ √â“ß·≈– ß“π‚¬∏“∑—Ë«‰ª) 300 ∫®. ‡æ“‡«Õ√åæ√Õ ·æ§ (º≈‘µ°√–· ‰øøÑ“, ®”Àπà“¬°√–· ‰øøÑ“ ®”Àπà“¬æ≈—ßß“π‰ÕπÈ”) 10 ∫®. ‡∑§‡πÕ√å (√—∫‡À¡“°àÕ √â“ß) 10

∫“∑ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 «‘∏’√“§“∑ÿπ «‘∏ ’ «à π‰¥â‡ ’¬

2547 «‘∏’√“§“∑ÿπ «‘∏ ’ «à π‰¥â‡ ’¬

99.99

245,000,000

256,195,206

5,000,000

4,968,246

55.00

5,500,000

3,216,362

2,750,000

2,623,200

50.00

5,000,000 255,500,000

10,776,501 270,188,069

7,750,000

7,591,446

15. ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡ - µ“¡«‘∏’ à«π‰¥â‡ ’¬ —¥ à«π ∑ÿπ™”√–·≈â« ‡ß‘π≈ß∑ÿπ (≈â“π∫“∑) (√âÕ¬≈–) ∫®. ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) („Àâ∫√‘°“√‡™à“ ‡™à“´◊ÈÕ ·≈–´◊ÈÕ¡“¢“¬‰ª Õ —ßÀ“√‘¡∑√—æ¬å)

250

20.00

∫“∑ ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 «‘∏’√“§“∑ÿπ «‘∏ ’ «à π‰¥â‡ ’¬ «‘∏’√“§“∑ÿπ «‘∏ ’ «à π‰¥â‡ ’¬

50,000,000

49,289,225

‡¡◊ËÕ«—π∑’Ë 7 ¡‘∂ÿπ“¬π 2548 ∫√‘…—∑‰¥â≈ß∑ÿπÀÿâπ∫√‘…—∑ ∑Ÿ‡¥¬å ·Õ ‡´Á∑ (ª√–‡∑»‰∑¬) ®”°—¥ ®”π«π 50 ≈â“π∫“∑ (500,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 100 ∫“∑)

√“¬ß“πª√–®”ªï 2548 50

16. ‡ß‘π≈ß∑ÿπ„π°‘®°“√√à«¡§â“ ‘π∑√—æ¬å Àπ’È ‘π¢Õß°‘®°“√√à«¡§â“∑’Ë√«¡Õ¬Ÿà„πß∫°“√‡ß‘π√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 √“¬‰¥â∑’Ë√«¡Õ¬Ÿà„π ß∫°”‰√ ¢“¥∑ÿπ√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ¡’¥—ßπ’È ∫“∑ 2548 2547 —¥ à«π°“√√à«¡∑ÿπ„π°‘®°“√√à«¡§â“ °‘®°“√√à«¡§â“ æ’ ·Õ≈ Õ’ ·≈– ‡Õ .∑’.∑’. √âÕ¬≈– 50 √âÕ¬≈– 50 °‘®°“√√à«¡§â“ æ’ ·Õ≈ Õ’ ·≈– «“¬.‡§.∑’. √âÕ¬≈– 50 √âÕ¬≈– 50 ∫√‘…—∑‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ (¡À“™π) ·≈– ∫√‘…—∑Õ‘µ—≈‰∑¬ «‘»«°√√¡ ®”°—¥ √à«¡§â“ √âÕ¬≈– 50 √âÕ¬≈– 50 ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ‡ß‘π≈ß∑ÿπ„π°‘®°“√√à«¡§â“ 746,774 635,785 ß∫°“√‡ß‘π√«¡ ß∫¥ÿ≈ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π 5,583,651 8,743,357 Àπ’È ‘πÀ¡ÿπ‡«’¬π 1,284,490 5,870,440 ß∫°”‰√¢“¥∑ÿπ √“¬‰¥â 14,462,095 7,336,564

17. ‡ß‘π≈ß∑ÿπ„πµ√“ “√Àπ’È·≈–µ√“ “√∑ÿπ ∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547 ‡ß‘π≈ß∑ÿπ„πµ√“ “√Àπ’È ë ∫√‘…—∑ ªŸπ´’‡¡πµå‰∑¬ ®”°—¥ (¡À“™π) (Õ—µ√“¥Õ°‡∫’È¬√âÕ¬≈– 3.25 ∂÷ß√âÕ¬≈– 4.50 µàÕªï) 40,000,000 ‡ß‘π≈ß∑ÿπ„πµ√“ “√∑ÿπ ë ∫√‘…—∑ ™à“ß‡À¡“‰øøÑ“·≈–‡§√◊ËÕß°≈‰∑¬ ®”°—¥ (®”π«π 1,999 Àÿâπ) 99,950 √«¡ 40,099,950

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

30,000,000

40,000,000

30,000,000

99,950 30,099,950

99,950 40,099,950

99,950 30,099,950

∫√‘…—∑‰¥â®”π”µ√“ “√Àπ’È¥—ß°≈à“«‰«â‡ªìπÀ≈—°∑√—æ¬å§È”ª√–°—π‡ß‘π°Ÿâ®“° ∂“∫—π°“√‡ß‘π µ“¡∑’Ë°≈à“«‰«â„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫ °“√‡ß‘π 22

18. ‡ß‘π≈ß∑ÿπ„πÕ —ßÀ“√‘¡∑√—æ¬å - ÿ∑∏‘ ∫“∑

∑’Ë¥‘π Õ“§“√™ÿ¥ √«¡ À—° §à“‡º◊ËÕ°“√¥âÕ¬§à“¢Õß ‘π∑√—æ¬å ÿ∑∏‘

ß∫°“√‡ß‘π√«¡ 2548 2547 74,518,340 74,518,340 2,987,362 3,773,585 77,505,702 78,291,925 (30,393,340) (18,196,340) 47,112,362 60,095,585

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 74,518,340 74,518,340 2,987,362 3,773,585 77,505,702 78,291,925 (30,393,340) (18,196,340) 47,112,362 60,095,585

∫√‘…—∑‰¥â®¥®”πÕß∑’Ë¥‘π¡Ÿ≈§à“µ“¡∫—≠™’®”π«π 44.13 ≈â“π∫“∑ (2547 : 56.32 ≈â“π∫“∑) ‰«â‡ªìπÀ≈—°∑√—æ¬å§È”ª√–°—π‡ß‘π°Ÿâ®“° ∂“∫—π°“√‡ß‘πµ“¡∑’Ë°≈à“«‰«â„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π 22 51 Annual Report 2005

19. ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å

∑’¥Ë π‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 √“§“∑ÿπ 36,940,783 À—° §à“‡ ◊ËÕ¡√“§“ – ¡ ¡Ÿ≈§à“ ÿ∑∏‘ 36,940,783 ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ¡Ÿ≈§à“ ÿ∑∏‘¬°¡“ 36,940,783 √“§“µ“¡∫—≠™’ - ÿ∑∏‘ √—∫‚Õπ®“°°“√´◊ÈÕ∫√‘…—∑¬àÕ¬ ∫«° ´◊ÈÕ ‘π∑√—æ¬å 81,897,025 À—° ®”Àπà“¬ ‘π∑√—æ¬å §à“‡ ◊ËÕ¡√“§“ ¡Ÿ≈§à“ ÿ∑∏‘¬°‰ª 118,837,808 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 √“§“∑ÿπ 118,837,808 À—° §à“‡ ◊ËÕ¡√“§“ – ¡ ¡Ÿ≈§à“ ÿ∑∏‘ 118,837,808

≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 √“§“∑ÿπ À—° §à“‡ ◊ËÕ¡√“§“ – ¡ ¡Ÿ≈§à“ ÿ∑∏‘ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ¡Ÿ≈§à“ ÿ∑∏‘¬°¡“ ∫«° ´◊ÈÕ ‘π∑√—æ¬å À—° ®”Àπà“¬ ‘π∑√—æ¬å §à“‡ ◊ËÕ¡√“§“ ¡Ÿ≈§à“ ÿ∑∏‘¬°‰ª ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 √“§“∑ÿπ À—° §à“‡ ◊ËÕ¡√“§“ – ¡ ¡Ÿ≈§à“ ÿ∑∏‘

Õ“§“√

ß∫°“√‡ß‘π√«¡ / ∫“∑ ‡§√◊ËÕß¡◊Õ ‡§√◊ËÕßµ°·µàß ·≈– ·≈–‡§√◊ËÕß„™â Õÿª°√≥å ”π—°ß“π ¬“πæ“Àπ–

Õ“§“√ √–À«à“ß °àÕ √â“ß

√«¡

52,856,350 (11,343,199) 41,513,151

82,772,572 (20,827,928) 61,944,644

39,417,145 (22,629,528) 16,787,617

14,842,825 (6,668,590) 8,174,235

26,829,675 61,469,245) 65,360,430

41,513,151

61,944,644

16,787,617

8,174,235

65,360,430

(2,642,818) 38,870,333

15,006,168 (246,731) (17,138,720) 59,565,361

179,477 12,044,563 (162,345) (6,940,440) 21,908,872

3,166,728 9,037,904 (228,901) (2,987,957) 17,162,009

2,703,690 2,703,690

3,346,205 20,689,350 (637,977) 29,709,935) 59,048,073

52,856,350 (13,986,017) 38,870,333

90,968,076 (31,402,715) 59,565,361

50,490,451 (28,581,579) 21,908,872

26,437,484 (9,275,475) 17,162,009

2,703,690 2,703,690

42,293,859 83,245,786) 59,048,073

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ / ∫“∑ ‡§√◊ËÕß¡◊Õ ‡§√◊ËÕßµ°·µàß ·≈– ·≈–‡§√◊ËÕß„™â Õÿª°√≥å ”π—°ß“π ¬“πæ“Àπ–

∑’¥Ë π‘

Õ“§“√

√«¡

36,940,783 36,940,783

52,856,350 (11,343,199) 41,513,151

74,300,390 (14,161,587) 60,138,803

39,181,425 (22,467,617) 16,713,808

14,842,825 (6,668,590) 8,174,235

18,121,773 54,640,993) 63,480,780

36,940,783 81,897,025 118,837,808

41,513,151 (2,642,818) 38,870,333

60,138,803 14,772,918 (8,264) (15,663,809) 59,239,648

16,713,808 10,592,946 (162,345) (6,611,911) 20,532,498

8,174,235 6,754,404 (228,901) (2,463,376) 12,236,362

63,480,780 14,017,293 (399,510) 27,381,914) 49,716,649

118,837,808 118,837,808

52,856,350 (13,986,017) 38,870,333

89,062,644 (29,822,996) 59,239,648

48,623,637 (28,091,139) 20,532,498

20,987,256 30,367,695 (8,750,894) 80,651,046) 12,236,362 249,716,649

∫√‘…—∑‰¥â®¥®”πÕß∑’Ë¥‘π·≈–Õ“§“√¥—ß°≈à“«´÷Ëß¡’¡Ÿ≈§à“µ“¡∫—≠™’ ®”π«π 75.81 ≈â“π∫“∑ (2547: 78.45 ≈â“π∫“∑) ‰«â‡ªìπÀ≈—° ∑√—æ¬å§È”ª√–°—π«ß‡ß‘π ‘π‡™◊ËÕ®“° ∂“∫—π°“√‡ß‘π µ“¡∑’Ë°≈à“«‰«â „πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π 22

√“¬ß“πª√–®”ªï 2548 52

20. §à“§«“¡π‘¬¡ - ÿ∑∏‘ ∫“∑ §à“§«“¡π‘¬¡µ‘¥≈∫ §à“§«“¡π‘¬¡ 7,015,401 (1,079,293) 5,936,108 (2,425,521) (1,079,293) (2,425,521) 4,856,815 2,425,521 4,856,815

≥ «—π∑’Ë 1 ¡°√“§¡ 2547 À—° §à“§«“¡π‘¬¡µ—¥®”Àπà“¬ ”À√—∫ªï 2547 ¡Ÿ≈§à“ ÿ∑∏‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 §à“§«“¡π‘¬¡µ‘¥≈∫®“°°“√≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ À—° §à“§«“¡π‘¬¡µ—¥®”Àπà“¬ ”À√—∫ªï 2548 §à“§«“¡π‘¬¡µ‘¥≈∫√—∫√Ÿâ‡ªìπ√“¬‰¥â ¡Ÿ≈§à“ ÿ∑∏‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548

ÿ∑∏‘ 7,015,401 (1,079,293) 5,936,108 (2,425,521) (1,079,293) 2,431,294 2,425,521 4,856,815

21. ‡ß‘πΩ“°ª√–®”∑’Ëµ‘¥¿“√–§È”ª√–°—π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ‡ß‘πΩ“°ª√–®”®”π«π‡ß‘π 124.51 ≈â“π∫“∑ ·≈– 73.49 ≈â“π∫“∑ µ“¡≈”¥—∫ ”À√—∫ ß∫°“√‡ß‘π√«¡ ·≈–®”π«π‡ß‘π 76.00 ≈â“π∫“∑ ·≈– 73.49 ≈â“π∫“∑ µ“¡≈”¥—∫ ”À√—∫ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ´÷Ëß‰¥â®”π”‰«â ‡ªìπÀ≈—°∑√—æ¬å§È”ª√–°—π«ß‡ß‘π ‘π‡™◊ËÕ®“° ∂“∫—π°“√‡ß‘πµ“¡∑’Ë°≈à“«‰«â„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π 22

22. ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π Õ—µ√“¥Õ°‡∫’È¬ (√âÕ¬≈–) µàÕªï 2548 2547 ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π ∑√— µå√’´’∑ å µ—Î«·≈°‡ß‘π µ—Î« —≠≠“„™â‡ß‘π ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ √«¡

2.85 - 4.40 4.25 - 7.75 7.00

4.50 - 6.00 3.25 - 4.23 -

∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547

128,523,079 340,253,835 81,903,496 550,680,410

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547

1,324,779 220,000,000 221,324,779

128,523,079 340,253,835 81,903,496 550,680,4101

1,324,779 220,000,000 221,324,779

≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ∫√‘…—∑¡’«ß‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–«ß‡ß‘π°Ÿâ√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π„πª√–‡∑» À≈“¬·Ààß ´÷Ëß«ß‡ß‘π ‘π‡™◊ËÕ¥—ß°≈à“«„™â√à«¡°—π°—∫∫√‘…—∑¬àÕ¬¡’«ß‡ß‘π®”π«πª√–¡“≥ 1,164.2 ≈â“π∫“∑ ·≈– 35.9 ≈â“π‡À√’¬≠ À√—∞Õ‡¡√‘°“ ‡∑’¬∫‡∑à“‡ªìπ‡ß‘π‰∑¬®”π«π 1,478.2 ≈â“π∫“∑ „πªï 2548 (ªï 2547 : 1,282.4 ≈â“π∫“∑ ·≈– 10.5 ≈â“π‡À√’¬≠ À√—∞Õ‡¡√‘°“ ‡∑’¬∫‡∑à“‡ªìπ‡ß‘π‰∑¬®”π«π 411.63 ≈â“π∫“∑) «ß‡ß‘π ‘π‡™◊ËÕ¥—ß°≈à“«§È”ª√–°—π‚¥¬∑’Ë¥‘π Õ“§“√ ‡ß‘π≈ß∑ÿπ„πÕ —ßÀ“√‘¡∑√—æ¬å µ√“ “√Àπ’È·≈–‡ß‘πΩ“°ª√–®” µ“¡∑’Ë°≈à“«‰«â„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π 17, 18, 19 ·≈– 21 ·≈–‚Õπ ‘∑∏‘°“√√—∫‡ß‘π§à“ ß“π„π‚§√ß°“√∫“ß à«π·≈–°√√¡°“√¢Õß∫√‘…—∑

23. ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“°∫ÿ§§≈Õ◊Ëπ ∫“∑ ß∫°“√‡ß‘π√«¡ 2548 2547 ∫ÿ§§≈Õ◊Ëπ ¬Õ¥ ≥ «—πµâπªï À—° ≈¥≈ß√–À«à“ßªï ¬Õ¥ ≥ «—π ‘Èπªï

5,814,256 (5,814,256) -

5,814,256 5,814,256

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 -

‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ¥—ß°≈à“«‰¡à¡’°“√§‘¥¥Õ°‡∫’È¬

53 Annual Report 2005

24. ‡®â“Àπ’È‡ß‘πª√–°—πº≈ß“π °≈ÿà¡∫√‘…—∑À—°‡ß‘πª√–°—π°“√ªØ‘∫—µ‘µ“¡ —≠≠“®“°ºŸâ√—∫‡À¡“„πÕ—µ√“√âÕ¬≈– 5 ∂÷ß√âÕ¬≈– 20 ¢Õß¡Ÿ≈§à“ß“π°àÕ √â“ß∑’ËºŸâ√—∫‡À¡“ ‡√’¬°‡°Á∫ ‚¥¬°≈ÿà¡∫√‘…—∑®–§◊π‡ß‘πª√–°—ππ’È·°àºŸâ√—∫‡À¡“‡¡◊ËÕß“ππ—ÈπÊ ‰¥â·≈â«‡ √Á®·≈–ºŸâ√—∫‡À¡“‰¡à‰¥âº‘¥ —≠≠“¢âÕÀπ÷Ëß¢âÕ„¥

25. ‡ß‘π√—∫≈à«ßÀπâ“®“°≈Ÿ°§â“ ‡ß‘π√—∫≈à«ßÀπâ“®“°≈Ÿ°§â“‡ªìπ‡ß‘π√—∫≈à«ßÀπâ“®“°≈Ÿ°§â“„πÕ—µ√“√âÕ¬≈– 5 ∂÷ß√âÕ¬≈– 20 ¢Õß√“§“√«¡¢Õßß“π√—∫®â“ßÀ√◊Õ√“§“√«¡ ¢Õß ‘π§â“ ‚¥¬®–À—°®“°®”π«π‡ß‘π∑’Ë‡√’¬°‡°Á∫®“°≈Ÿ°§â“„π·µà≈–ß«¥

26. Àπ’È ‘π¿“¬„µâ —≠≠“‡™à“´◊ÈÕ - ÿ∑∏‘ ∫“∑ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 2548 2547 Àπ’È ‘π¿“¬„µâ —≠≠“‡™à“´◊ÈÕ 4,077,545 1,221,262 1,042,082 1,221,262 À—° ¥Õ°‡∫’È¬‡™à“´◊ÈÕ√Õµ—¥∫—≠™’ (246,525) (176,854) (128,395) (176,854) √«¡ 3,831,020 1,044,408 913,687 1,044,408 À—° à«π∑’Ë§√∫°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï (2,772,975) (844,361) (512,339) (844,361) ÿ∑∏‘ 1,058,045 200,047 401,348 200,047 °√√¡ ‘∑∏‘Ï„π ‘π∑√—æ¬å¿“¬„µâ —≠≠“‡™à“´◊ÈÕπ’È®–‚Õπ‡ªìπ¢Õß∫√‘…—∑°ÁµàÕ‡¡◊ËÕ‰¥â™”√–‡ß‘πß«¥ ÿ¥∑â“¬·≈â«

27. ”√Õß‡º◊ËÕ¿“√–Àπ’È ‘π¢Õß°‘®°“√√à«¡§â“ - µ“¡«‘∏’ à«π‰¥â‡ ’¬ ‘π∑√—æ¬å·≈–Àπ’È ‘π¢Õß°‘®°“√√à«¡§â“∑’Ë√«¡Õ¬Ÿà„πß∫°“√‡ß‘π√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 √“¬‰¥â∑’Ë√«¡Õ¬Ÿà„π ß∫°”‰√¢“¥∑ÿπ√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ¡’¥—ßπ’È ∫“∑ 2548 2547 —¥ à«π°“√√à«¡∑ÿπ„π°‘®°“√√à«¡§â“ °‘®°“√√à«¡§â“√–À«à“ß∫√‘…—∑‰æ‚Õ‡π’¬√å ‡∑‡≈§Õ¡ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈–∫√‘…—∑ ‡æ“‡«Õ√å‰≈πå ‡ÕÁπ®‘‡π’¬√‘Ëß ®”°—¥ √âÕ¬≈– 75 √âÕ¬≈– 75 ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ ”√Õß‡º◊ËÕ¿“√–Àπ’È ‘π¢Õß°‘®°“√√à«¡§â“ 12,405,992 14,323,741 À—° ‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–¥Õ°‡∫’È¬§â“ß√—∫ (À¡“¬‡Àµÿ 5.2) (12,405,992) (14,323,741) √«¡ ß∫°“√‡ß‘π√«¡ ß∫¥ÿ≈ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π 4,261,589 3,177,556 ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π 3,817,481 Àπ’È ‘πÀ¡ÿπ‡«’¬π 3,826,702 8,844,911 ß∫°”‰√¢“¥∑ÿπ √“¬‰¥â 885,506 4,563,222

√“¬ß“πª√–®”ªï 2548 54

28. ∑ÿπ‡√◊ÕπÀÿâπ à«π‡°‘π¡Ÿ≈§à“Àÿâπ ·≈–„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ ë ‡¡◊ËÕ«—π∑’Ë 26 ¡‘∂ÿπ“¬π 2546 „∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠¢Õß∫√‘…—∑ ®”π«π 104,999,998 Àπà«¬ ‰¥â√—∫Õπÿ≠“µ„Àâ ∑”°“√´◊ÈÕ¢“¬„πµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ‚¥¬°”Àπ¥„Àâ„™â ‘∑∏‘‰¥â∑ÿ°Ê 3 ‡¥◊Õπ ∑—Èßπ’È«—π„™â ‘∑∏‘§√—Èß·√°·≈–«—π„™â ‘∑∏‘§√—Èß ÿ¥∑â“¬µ√ß°—∫«—π∑’Ë 30 °—π¬“¬π 2546 ·≈–«—π∑’Ë 11 ¡‘∂ÿπ“¬π 2549 µ“¡≈”¥—∫ Àπà«¬ „∫ ”§—≠· ¥ß ‘∑∏‘ 104,999,998 °“√„™â ‘∑∏‘„π°“√´◊ÈÕÀÿâπ ≥ «—π∑’Ë 30 °—π¬“¬π 2546 (365,750) ≥ «—π∑’Ë 30 ∏—π«“§¡ 2546 (14,032,900) ≥ «—π∑’Ë 31 ¡’π“§¡ 2547 (13,289,300) ≥ «—π∑’Ë 30 ¡‘∂ÿπ“¬π 2547 (1,245,700) ≥ «—π∑’Ë 30 °—π¬“¬π 2547 (29,697,500) ≥ «—π∑’Ë 30 ∏—π«“§¡ 2547 (6,623,400) ≥ «—π∑’Ë 31 ¡’π“§¡ 2548 (195,900) ≥ «—π∑’Ë 30 ¡‘∂ÿπ“¬π 2548 (59,100) ≥ «—π∑’Ë 30 °—π¬“¬π 2548 (2,615,500) (68,125,050) „∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë¬—ß‰¡à∂Ÿ°„™â 36,874,948 ë ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 ∫√‘…—∑‰¥â∫—π∑÷°°“√√—∫‡ß‘π®“°°“√„™â ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠ ®”π«π 26.49 ≈â“π∫“∑ ‰«â„π∫—≠™’-‡ß‘π√—∫ ≈à«ßÀπâ“§à“Àÿâπ ¿“¬„µâ à«π¢ÕßºŸâ∂◊ÕÀÿâπ·≈–Àÿâπ‡æ‘Ë¡∑ÿπ®“°°“√„™â ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠ ∫√‘…—∑‰¥â®¥∑–‡∫’¬π°“√‡æ‘Ë¡∑ÿπ ”À√—∫ Àÿâπ‡æ‘Ë¡∑ÿπ®“°°“√„™â ‘∑∏‘¥—ß°≈à“«°—∫°√–∑√«ßæ“≥‘™¬å‡¡◊ËÕ«—π∑’Ë 12 ¡°√“§¡ 2548 ‡ªìπÀÿâπ “¡—≠ ®”π«π 6.62 ≈â“πÀÿâπ ‚¥¬Àÿâπ‡æ‘Ë¡∑ÿπ¥—ß°≈à“«‰¥â√—∫Õπÿ≠“µ„Àâ∑”°“√´◊ÈÕ - ¢“¬ „πµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ‡¡◊ËÕ«—π∑’Ë 18 ¡°√“§¡ 2548 Àÿâπ‡æ‘Ë¡∑ÿπ®“°°“√„™â ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠ ∫√‘…—∑‰¥âÕÕ°®”Àπà“¬„π√“§“ Ÿß°«à“¡Ÿ≈§à“∑’Ëµ√“‰«â¢ÕßÀÿâπ “¡—≠ ∑”„Àâ∫√‘…—∑¡’ à«π‡°‘π¡Ÿ≈§à“Àÿâπ‡æ‘Ë¡¢÷Èπ®”π«π‡ß‘π 19.87 ≈â“π∫“∑ ë ≥ «—π∑’Ë 31 ¡’π“§¡ 2548 ∫√‘…∑— ‰¥â∫π— ∑÷°°“√√—∫‡ß‘π®“°°“√„™â ∑‘ ∏‘´ÕÈ◊ Àÿπâ “¡—≠ ®”π«π 0.78 ≈â“π∫“∑ ∫√‘…∑— ‰¥â®¥∑–‡∫’¬π °“√‡æ‘Ë¡∑ÿπ ”À√—∫Àÿâπ‡æ‘Ë¡∑ÿπ®“°°“√„™â ‘∑∏‘¥—ß°≈à“«°—∫°√–∑√«ßæ“≥‘™¬å‡¡◊ËÕ«—π∑’Ë 5 ‡¡…“¬π 2548 ‡ªìπÀÿâπ “¡—≠ ®”π«π 0.19 ≈â“πÀÿπâ ‚¥¬Àÿπâ ‡æ‘¡Ë ∑ÿπ¥—ß°≈à“«‰¥â√∫— Õπÿ≠“µ„Àâ∑”°“√´◊ÕÈ - ¢“¬ „πµ≈“¥À≈—°∑√—æ¬å ·Ààßª√–‡∑»‰∑¬‡¡◊ÕË «—π∑’Ë 12 ‡¡…“¬π 2548 Àÿâπ‡æ‘Ë¡∑ÿπ®“°°“√„™â ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠ ∫√‘…—∑‰¥âÕÕ°®”Àπà“¬„π√“§“ Ÿß°«à“¡Ÿ≈§à“∑’Ëµ√“‰«â¢ÕßÀÿâπ “¡—≠ ∑”„Àâ ∫√‘…—∑¡’ à«π‡°‘π¡Ÿ≈§à“Àÿâπ‡æ‘Ë¡¢÷Èπ®”π«π‡ß‘π 0.59 ≈â“π∫“∑ ë „π°“√ª√–™ÿ¡‡¡◊ÕË «—π∑’Ë 22 °ÿ¡¿“æ—π∏å 2548 §≥–°√√¡°“√∫√‘…∑— ‰¥â¡°’ “√Õπÿ¡µ— „‘ Àâ∫√‘…∑— ‡æ‘¡Ë ∑ÿπ®¥∑–‡∫’¬π®“°‡¥‘¡ ®”π«π 315 ≈â“πÀÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑ ‡ªìπ ®”π«π 630 ≈â“πÀÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑ °“√‡æ‘Ë¡∑ÿπ¥—ß°≈à“«‰¥â√—∫Õπÿ¡—µ‘®“°ºŸâ∂◊ÕÀÿâπ ‡¡◊ËÕ«—π∑’Ë 8 ‡¡…“¬π 2548 ·≈–‰¥â®¥∑–‡∫’¬π°“√‡æ‘Ë¡∑ÿπ‡¡◊ËÕ«—π∑’Ë 21 ‡¡…“¬π 2548 ‚¥¬∫√‘…—∑‰¥â®”Àπà“¬Àÿâπ‡æ‘Ë¡∑ÿπ√–À«à“ß «—π∑’Ë 16 - 20 æƒ…¿“§¡ 2548 ¡’ºŸâ„™â ‘∑∏‘®Õß´◊ÈÕÀÿâπ®”π«π 222,578,639 Àÿâπ „π√“§“Àÿâπ≈– 8 ∫“∑ ∫√‘…—∑‰¥â®¥∑–‡∫’¬π °“√‡æ‘¡Ë ∑ÿπ ”À√—∫Àÿπâ ‡æ‘¡Ë ∑ÿπ®“°°“√„™â ∑‘ ∏‘¥ß— °≈à“«°—∫°√–∑√«ßæ“≥‘™¬å‡¡◊ÕË «—π∑’Ë 3 ¡‘∂πÿ “¬π 2548 ‚¥¬Àÿπâ ‡æ‘¡Ë ∑ÿπ¥—ß°≈à“« ‰¥â√—∫Õπÿ≠“µ„Àâ∑”°“√ ´◊ÈÕ - ¢“¬ „πµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬‡¡◊ËÕ«—π∑’Ë 8 ¡‘∂ÿπ“¬π 2548 ∫√‘…—∑‰¥âÕÕ°®”Àπà“¬„π √“§“ Ÿß°«à“¡Ÿ≈§à“∑’Ëµ√“‰«â¢ÕßÀÿâπ “¡—≠ ∑”„Àâ∫√‘…—∑¡’ à«π‡°‘π¡Ÿ≈§à“Àÿâπ‡æ‘Ë¡¢÷Èπ®”π«π‡ß‘π 1,558.05 ≈â“π∫“∑ ë ≥ «—π∑’Ë 30 ¡‘∂πÿ “¬π 2548 ∫√‘…∑— ‰¥â∫π— ∑÷°°“√√—∫‡ß‘π®“°°“√„™â ∑‘ ∏‘´ÕÈ◊ Àÿπâ “¡—≠ ®”π«π 0.24 ≈â“π∫“∑ ∫√‘…∑— ‰¥â®¥∑–‡∫’¬π °“√‡æ‘¡Ë ∑ÿπ ”À√—∫Àÿπâ ‡æ‘¡Ë ∑ÿπ®“°°“√„™â ∑‘ ∏‘¥ß— °≈à“«°—∫°√–∑√«ßæ“≥‘™¬å‡¡◊ÕË «—π∑’Ë 6 °√°Æ“§¡ 2548 ‡ªìπÀÿπâ “¡—≠ ®”π«π 0.07 ≈â“πÀÿâπ ‚¥¬Àÿâπ‡æ‘Ë¡∑ÿπ¥—ß°≈à“«‰¥â√—∫Õπÿ≠“µ„Àâ∑”°“√´◊ÈÕ - ¢“¬ „πµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬‡¡◊ËÕ«—π∑’Ë 13 °√°Æ“§¡ 2548 Àÿâπ‡æ‘Ë¡∑ÿπ®“°°“√„™â ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠ ∫√‘…—∑‰¥âÕÕ°®”Àπà“¬„π√“§“ Ÿß°«à“¡Ÿ≈§à“∑’Ëµ√“‰«â¢ÕßÀÿâπ “¡—≠ ∑”„Àâ∫√‘…—∑¡’ à«π‡°‘π¡Ÿ≈§à“Àÿâπ‡æ‘Ë¡¢÷Èπ®”π«π‡ß‘π 0.17 ≈â“π∫“∑ ë ∫√‘…—∑‰¥â®”Àπà“¬Àÿâπ‡æ‘Ë¡∑ÿπ®”π«π 1,901,704 Àÿâπ „Àâ·°à°√√¡°“√∑à“πÀπ÷Ëß‚¥¬‡©æ“–‡®“–®ß„π√“§“Àÿâπ≈– 8 ∫“∑√–À«à“ß «—π∑’Ë 16 - 17 ‘ßÀ“§¡ 2548 ∫√‘…—∑‰¥â®¥∑–‡∫’¬π°“√‡æ‘Ë¡∑ÿπ ”À√—∫Àÿâπ‡æ‘Ë¡∑ÿπ®“°°“√„™â ‘∑∏‘¥—ß°≈à“«°—∫°√–∑√«ß æ“≥‘™¬å‡¡◊ËÕ«—π∑’Ë 19 ‘ßÀ“§¡ 2548 ‚¥¬Àÿâπ‡æ‘Ë¡∑ÿπ¥—ß°≈à“«‰¥â√—∫Õπÿ≠“µ„Àâ∑”°“√´◊ÈÕ-¢“¬ „πµ≈“¥À≈—°∑√—æ¬å·Ààß ª√–‡∑»‰∑¬‡¡◊ËÕ«—π∑’Ë 24 ‘ßÀ“§¡ 2548 ∫√‘…—∑‰¥âÕÕ°®”Àπà“¬„π√“§“ Ÿß°«à“¡Ÿ≈§à“∑’Ëµ√“‰«â¢ÕßÀÿâπ “¡—≠ ∑”„Àâ∫√‘…—∑ ¡’ à«π‡°‘π¡Ÿ≈§à“Àÿâπ‡æ‘Ë¡¢÷Èπ®”π«π‡ß‘π 13.31 ≈â“π∫“∑ 55 Annual Report 2005

ë ≥ «—π∑’Ë 30 °—π¬“¬π 2548 ∫√‘…∑— ‰¥â∫π— ∑÷°°“√√—∫‡ß‘π®“°°“√„™â ∑‘ ∏‘´ÕÈ◊ Àÿπâ “¡—≠ ®”π«π 10.46 ≈â“π∫“∑ ∫√‘…∑— ‰¥â®¥∑–‡∫’¬π °“√‡æ‘Ë¡∑ÿπ ”À√—∫Àÿâπ‡æ‘Ë¡∑ÿπ®“°°“√„™â ‘∑∏‘¥—ß°≈à“«°—∫°√–∑√«ßæ“≥‘™¬å‡¡◊ËÕ«—π∑’Ë 6 µÿ≈“§¡ 2548 ‡ªìπÀÿâπ “¡—≠ ®”π«π 3.06 ≈â“πÀÿπâ ‚¥¬Àÿπâ ‡æ‘¡Ë ∑ÿπ¥—ß°≈à“«‰¥â√∫— Õπÿ≠“µ„Àâ∑”°“√´◊ÕÈ - ¢“¬ „πµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬‡¡◊ÕË «—π∑’Ë 14 µÿ≈“§¡ 2548 Àÿâπ‡æ‘Ë¡∑ÿπ®“°°“√„™â ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠ ∫√‘…—∑‰¥âÕÕ°®”Àπà“¬„π√“§“ Ÿß°«à“¡Ÿ≈§à“∑’Ëµ√“‰«â¢ÕßÀÿâπ “¡—≠ ∑”„Àâ ∫√‘…—∑¡’ à«π‡°‘π¡Ÿ≈§à“Àÿâπ‡æ‘Ë¡¢÷Èπ®”π«π‡ß‘π 7.40 ≈â“π∫“∑ ë µ“¡¡µ‘∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ ‡¡◊ËÕ«—π∑’Ë 29 ∏—π«“§¡ 2548 ºŸâ∂◊ÕÀÿâπ¡’¡µ‘„Àâ≈¥∑ÿπ®¥∑–‡∫’¬π®“°‡¥‘¡ 630 ≈â“π∫“∑ (Àÿâπ “¡—≠ 630,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑) ‡ªìπ 546,244,889 ∫“∑ (Àÿâπ “¡—≠ 546,244,889 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑) ∫√‘…—∑‰¥âπ”¡µ‘π’È‰ª®¥∑–‡∫’¬π°—∫°√–∑√«ßæ“≥‘™¬å‡¡◊ËÕ«—π∑’Ë 31 ¡°√“§¡ 2549

29. ”√Õßµ“¡°ÆÀ¡“¬ µ“¡æ√–√“™∫—≠≠—µ¡‘ À“™π®”°—¥ æ.». 2535 ∫√‘…∑— µâÕß®—¥ √√∑ÿπ ”√ÕßÕ¬à“ßπâÕ¬√âÕ¬≈– 5 ¢Õß°”‰√ª√–®”ªïÀ≈—ß®“°À—°¢“¥∑ÿπ – ¡µâπªï(∂â“¡’) ®π°«à“∑ÿπ ”√Õß¥—ß°≈à“«¡’®”π«π‡∑à“°—∫√âÕ¬≈– 10 ¢Õß∑ÿπ®¥∑–‡∫’¬π∑ÿπ ”√Õßπ’È‰¡àÕ“®π”‰ª®à“¬‡ªìπ ‡ß‘πªíπº≈‰¥â „πªï 2548 ·≈– 2547 ∫√‘…—∑‰¥â®—¥ √√‡ß‘π ”√Õß‡æ‘Ë¡‡µ‘¡‡ªìπ®”π«π‡ß‘π 12.1 ≈â“π∫“∑ ·≈– 10.5 ≈â“π∫“∑ µ“¡≈”¥—∫

30. ‡ß‘πªíπº≈®à“¬ „π°“√ª√–™ÿ¡‡¡◊ËÕ«—π∑’Ë 22 °ÿ¡¿“æ—π∏å 2548 §≥–°√√¡°“√∫√‘…—∑‰¥âÕπÿ¡—µ‘„Àâ∫√‘…—∑®à“¬‡ß‘πªíπº≈®“°°”‰√ ÿ∑∏‘ ”À√—∫ªï ‘Èπ ÿ¥ «—π∑’Ë 31 ∏—π«“§¡ 2547 ‡ªìπ®”π«π‡ß‘π 151.50 ≈â“π∫“∑ (275,450,450 Àÿâπ Àÿâπ≈– 0.55 ∫“∑) ·≈–‡ß‘πªíπº≈π’È‰¥â√—∫°“√Õπÿ¡—µ‘ ®“°ºŸâ∂◊ÕÀÿâπ‡¡◊ËÕ«—π∑’Ë 8 ‡¡…“¬π 2548 ‚¥¬‡ß‘πªíπº≈¥—ß°≈à“«∫√‘…—∑®à“¬„Àâ·°àºŸâ∂◊ÕÀÿâπ·≈â«‡¡◊ËÕ«—π∑’Ë 6 æƒ…¿“§¡ 2548 „π°“√ª√–™ÿ¡‡¡◊ËÕ«—π∑’Ë 21 °ÿ¡¿“æ—π∏å 2547 §≥–°√√¡°“√∫√‘…—∑‰¥âÕπÿ¡—µ‘„Àâ∫√‘…—∑®à“¬‡ß‘πªíπº≈®“°°”‰√ ÿ∑∏‘ ”À√—∫ªï ‘Èπ ÿ¥ «—π∑’Ë 31 ∏—π«“§¡ 2546 ‡ªìπ®”π«π‡ß‘π 78.54 ≈â“π∫“∑ (224,398,650 Àÿâπ Àÿâπ≈– 0.35 ∫“∑) ·≈–‡ß‘πªíπº≈π’È‰¥â√—∫°“√Õπÿ¡—µ‘ ®“°ºŸâ∂◊ÕÀÿâπ·≈â«‡¡◊ËÕ«—π∑’Ë 29 ¡’π“§¡ 2547 ‚¥¬‡ß‘πªíπº≈¥—ß°≈à“«∫√‘…—∑®à“¬„Àâ·°àºŸâ∂◊ÕÀÿâπ·≈â«‡¡◊ËÕ«—π∑’Ë 28 ‡¡…“¬π 2547

31. °”‰√µàÕÀÿâπ °”‰√ ÿ∑∏‘ (∫“∑) ®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—° (Àÿâπ) °”‰√µàÕÀÿâπ (∫“∑) 2548 2547 2548 2547 2548 2547 °”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√ ÿ∑∏‘ 241,867,336 º≈°√–∑∫¢ÕßÀÿâπ “¡—≠ ‡∑’¬∫‡∑à“ª√—∫≈¥ „∫ ”§—≠· ¥ß ‘∑∏‘ °”‰√µàÕÀÿâπª√—∫≈¥ °”‰√∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ “¡—≠ ¡¡µ‘«à“¡’°“√ ·ª≈ß‡ªìπÀÿâπ “¡—≠ 241,867,336

276,077,018

405,946,301

240,812,810

22,878,857

33,577,442

428,825,158

274,390,252

0.60

1.15

0.56

1.01

32. ‡ß‘π°Õß∑ÿπ ”√Õß‡≈’È¬ß™’ææπ—°ß“π ‡¡◊ËÕ«—π∑’Ë 1 °—π¬“¬π 2545 ∫√‘…—∑‰¥â®¥∑–‡∫’¬π®—¥µ—Èß°Õß∑ÿπ ”√Õß‡≈’È¬ß™’ææπ—°ß“πµ“¡æ√–√“™∫—≠≠—µ‘°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ æ.». 2530 µ“¡√–‡∫’¬∫°Õß∑ÿπ∫√‘…—∑®à“¬ ¡∑∫‡¢â“°Õß∑ÿππ’È‡∑à“°—∫ à«π∑’Ëæπ—°ß“π®à“¬„πÕ—µ√“√âÕ¬≈– 2 ¢Õß‡ß‘π‡¥◊Õπæπ—°ß“π ∫√‘…—∑‰¥â·µàßµ—ÈßºŸâ®—¥°“√°Õß∑ÿπ√—∫Õπÿ≠“µ·ÀàßÀπ÷Ëß ‡æ◊ËÕ∫√‘À“√°Õß∑ÿπ„Àâ‡ªìπ‰ªµ“¡¢âÕ°”Àπ¥¢Õßæ√–√“™∫—≠≠—µ‘°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ æ.». 2530 ´÷Ëß·°â‰¢‡æ‘Ë¡‡µ‘¡‚¥¬æ√–√“™∫—≠≠—µ‘°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ (©∫—∫∑’Ë2) æ.». 2542 ¿“¬„µâ°“√°”°—∫ ¥Ÿ·≈¢Õß ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å„πªï 2548 ·≈– 2547 ∫√‘…—∑®à“¬‡ß‘π ¡∑∫‡¢â“°Õß∑ÿπ ”√Õß‡≈’È¬ß™’ææπ—°ß“π‡ªìπ®”π«π‡ß‘πª√–¡“≥ 2.3 ≈â“π∫“∑ ·≈– 1.9 ≈â“π∫“∑ µ“¡≈”¥—∫

√“¬ß“πª√–®”ªï 2548 56

33. °“√®”·π°¢âÕ¡Ÿ≈µ“¡ à«πß“π °≈ÿà¡∫√‘…—∑·∫àßÕÕ°‡ªìπ à«πß“π∏ÿ√°‘® ¥—ßπ’È °. °“√æ—≤π“√–∫∫ß“π ¢. °“√°àÕ √â“ß‚¬∏“ πÕ°®“°π—Èπ°≈ÿà¡∫√‘…—∑¥”‡π‘πß“π 2 ‡¢µ¿Ÿ¡‘»“ µ√åÀ≈—° ¥—ßπ’È °. ª√–‡∑»‰∑¬ ‡ªìπª√–‡∑»·¡à∑’Ë∫√‘…—∑„À≠à¥”‡π‘πß“π∑“ß∏ÿ√°‘®‡ªìπÀ≈—°¢Õß∫√‘…—∑ ¢Õ∫‡¢µ°“√¥”‡π‘πß“πÀ≈—°∑’ËÕ¬Ÿà„π ‡¢µ¿Ÿ¡‘»“ µ√åπ’È ª√–°Õ∫¥â«¬ à«πß“πæ—≤π“√–∫∫·≈– à«πß“π‚¬∏“ ¢. ª√–‡∑»°“µ“√å °≈ÿà¡∫√‘…—∑¥”‡π‘πß“π‡©æ“– à«πß“π°“√æ—≤π“√–∫∫ß“π„π à«πß“π¿Ÿ¡‘»“ µ√åπ’È ‚¥¬√“¬‰¥â ·≈–§à“„™â®à“¬®”·π°µ“¡ à«πß“π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ‘π∑√—æ¬å ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ª√–°Õ∫¥â«¬ Àπà«¬ : æ—π∫“∑ °“√æ—≤π“√–∫∫ß“π °“√°àÕ √â“ß ∫√‘…—∑¬àÕ¬·≈– √“¬°“√ ª√–‡∑»‰∑¬ ª√–‡∑»°“µ“√å √«¡ ‚¬∏“ √«¡ °‘®°“√√à«¡§â“ µ—¥∫—≠™’ √«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 √“¬‰¥â®“°°“√„Àâ∫√‘°“√ 1,650,381 1,746,834 3,397,215 1,594,960 4,992,175 259,514 (2,993) 5,248,696 µâπ∑ÿπ„π°“√„Àâ∫√‘°“√ (1,421,963) (1,544,015) (2,965,978) (1,367,649) (4,333,627) (209,588) 2,993 (4,540,222) °”‰√¢—Èπµâπ 228,418 202,819 431,237 227,311 658,548 49,926 708,474 §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ (320,336) (38,793) 2,744 (356,385) °”‰√®“°°“√¥”‡π‘πß“π 338,212 11,133 2,744 352,089 à«π·∫àßº≈°”‰√®“° ‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬ 19,038 (19,038) à«π·∫àßº≈¢“¥∑ÿπ®“° ‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬ (2,873) 2,162 (711) ¥Õ°‡∫’È¬√—∫ 4,097 2,499 (696) 5,900 √“¬‰¥âÕ◊Ëπ 33,733 10,450 (1,141) 43,042 ¥Õ°‡∫’È¬®à“¬ (34,155) (1,133) 696 (34,592) ¿“…’‡ß‘π‰¥â (116,185) (6,090) (122,275) °”‰√À≈—ß¿“…’‡ß‘π‰¥â 241,867 16,859 (15,272) 243,453 °”‰√ ÿ∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π∫√‘…—∑¬àÕ¬ (1,586) (1,586) °”‰√ ÿ∑∏‘ 241,867 16,859 (16,858) 241,867 ‘π∑√—æ¬å∂“«√ - ÿ∑∏‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 249,717 9,331 259,048 ‘π∑√—æ¬åÕ◊Ëπ 4,763,579 674,530 (270,341) 5,167,769 ‘π∑√—æ¬å√«¡ 5,013,296 683,861 (270,341) 5,426,817

57 Annual Report 2005

Àπà«¬ : æ—π∫“∑ °“√°àÕ √â“ß ‚¬∏“ √«¡

°“√æ—≤π“√–∫∫ß“π ∫√‘…—∑¬àÕ¬·≈– √“¬°“√ ª√–‡∑»‰∑¬ ª√–‡∑»°“µ“√å √«¡ °‘®°“√√à«¡§â“ µ—¥∫—≠™’ √«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2547 √“¬‰¥â®“°°“√„Àâ∫√‘°“√ 2,653,501 14,035 2,667,536 1,503,153 4,170,689 45,284 (1,098) 4,214,875 µâπ∑ÿπ„π°“√„Àâ∫√‘°“√ (2,266,094) (10,972) (2,277,066) (1,365,899) (3,642,965) (43,811) 1,098 (3,685,678) °”‰√¢—Èπµâπ 387,407 3,063 390,470 137,254 527,724 1,473 529,197 §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ (159,670) (11,101) 3,706 (167,065) °”‰√(¢“¥∑ÿπ)®“°°“√¥”‡π‘πß“π 368,054 (9,628) 3,706 362,132 à«π·∫àßº≈°”‰√®“° ‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬ 592 (592) à«π·∫àßº≈¢“¥∑ÿπ®“° ‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬ (8,017) 8,017 ¥Õ°‡∫’È¬√—∫ 5,293 16 (1,724) 3,585 √“¬‰¥âÕ◊Ëπ 9,652 5,392 (4,786) 10,258 ¥Õ°‡∫’È¬®à“¬ (4,591) (1,719) 1,724 (4,586) ¿“…’‡ß‘π‰¥â (94,906) (510) (95,416) °”‰√(¢“¥∑ÿπ)À≈—ß¿“…’‡ß‘π‰¥â 276,077 (6,449) 6,345 275,973 ¢“¥∑ÿπ ÿ∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π∫√‘…—∑¬àÕ¬ 104 104 °”‰√(¢“¥∑ÿπ) ÿ∑∏‘ 276,077 (6,449) 6,449 276}077 ‘π∑√—æ¬å∂“«√ - ÿ∑∏‘ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2547 163,480 1,880 165,360 ‘π∑√—æ¬åÕ◊Ëπ 2,614,654 50,122 (26,929) 2,637,847 ‘π∑√—æ¬å√«¡ 2,778,134 52,002 (26,929) 2,803,207

34. ‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 °≈ÿà¡∫√‘…—∑‰¡à¡’π‚¬∫“¬∑’Ë®–ª√–°Õ∫∏ÿ√°√√¡µ√“ “√∑“ß°“√‡ß‘π∑’Ë‡ªìπµ√“ “√Õπÿæ—π∏å‡æ◊ËÕ°“√‡°Áß °”‰√À√◊Õ°“√§â“ 34.1 §«“¡‡ ’Ë¬ß¥â“π ¿“æ§≈àÕß §«“¡‡ ’¬Ë ß¥â“π ¿“æ§≈àÕßÀ√◊Õ§«“¡‡ ’¬Ë ß„π°“√√–¥¡∑ÿπ §◊Õ §«“¡‡ ’¬Ë ß∑’°Ë ≈ÿ¡à ∫√‘…∑— ®–‡º™‘≠°—∫§«“¡¬ÿßà ¬“°„π°“√√–¥¡ ∑ÿπ„Àâ‡æ’¬ßæÕ·≈–∑—π‡«≈“µàÕ°“√ªØ‘∫—µ‘µ“¡¿“√–ºŸ°æ—π∑’Ë√–∫ÿ‰«â„π‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π §«“¡‡ ’Ë¬ß¥â“π ¿“æ§≈àÕß Õ“®‡°‘¥®“°°“√∑’Ë°‘®°“√‰¡à “¡“√∂¢“¬ ‘π∑√—æ¬å∑“ß°“√‡ß‘π‰¥â∑—π‡«≈“¥â«¬√“§“∑’Ë„°≈â‡§’¬ß°—∫¡Ÿ≈§à“¬ÿµ‘∏√√¡ 34.2 §«“¡‡ ’Ë¬ß®“°Õ—µ√“·≈°‡ª≈’Ë¬π §«“¡‡ ’¬Ë ß®“°Õ—µ√“·≈°‡ª≈’¬Ë π¢Õß°≈ÿ¡à ∫√‘…∑— ‡°‘¥®“°°“√¢“¬∫“ß à«π¢Õß∫√‘…∑— ·≈–∫√‘…∑— ¬àÕ¬‡ªìπ°“√¢“¬‚¥¬‰¥â√∫— ‡ß‘π ‡ªìπ °ÿ≈‡ß‘πµà“ßª√–‡∑» °≈ÿà¡∫√‘…—∑‰¥â≈¥§«“¡‡ ’Ë¬ß¥—ß°≈à“«‚¥¬∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‰¥â∑” —≠≠“¢“¬‡ß‘πµ√“µà“ß ª√–‡∑»≈à«ßÀπâ“‡ªìπ§√—Èß§√“«µ“¡§«“¡®”‡ªìπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 °≈ÿà¡∫√‘…—∑¡’ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‰¡à‰¥â∑”°“√ªÑÕß°—π§«“¡‡ ’Ë¬ß ¥—ßπ’È

≈Ÿ°Àπ’È°“√§â“ ≈Ÿ°Àπ’È‡ß‘πª√–°—πº≈ß“π

√“¬ß“πª√–®”ªï 2548 58

°ÿ≈‡ß‘π ‡À√’¬≠ À√—∞Õ‡¡√‘°“ ‡À√’¬≠ À√—∞Õ‡¡√‘°“

∫√‘…—∑ 312,842 29,280

∫√‘…—∑¬àÕ¬ 318,111 -

34.3 §«“¡‡ ’Ë¬ß®“°Õ—µ√“¥Õ°‡∫’È¬ ‡ªìπ§«“¡‡ ’¬Ë ß∑’‡Ë °‘¥®“°°“√‡ª≈’¬Ë π·ª≈ß√–¥—∫Õ—µ√“¥Õ°‡∫’¬È ∑’ÕË “®‡°‘¥¢÷πÈ „πÕπ“§µ‡π◊ÕË ß®“°°≈ÿ¡à ∫√‘…∑— ¡’‡ß‘π‡∫‘°‡°‘π∫—≠™’ ∏π“§“√·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π·µà à«π„À≠à‡ªìπ‡ß‘π°Ÿâ√–¬– —Èπ¥—ßπ—Èπ§«“¡‡ ’Ë¬ß„π‡√◊ËÕßÕ—µ√“¥Õ°‡∫’È¬ ®÷ß ‰¡à°àÕ„Àâ‡°‘¥§«“¡‡ ’¬À“¬·°à∫√‘…—∑ª√–°Õ∫°—∫°“√∑’Ë°‘®°“√®–¡’°“√¢Õ‡ª≈’Ë¬π·ª≈ß‡ß◊ËÕπ‰¢°“√°Ÿâ¬◊¡À√◊Õ¡’°“√À“·À≈àß ‡ß‘π°Ÿâ„À¡à∑’Ë¡’¿“√–¥Õ°‡∫’È¬µË”¡“∑¥·∑π·À≈àß‡ß‘π°Ÿâ‡¥‘¡ 34.4 §«“¡‡ ’Ë¬ß¥â“π°“√„Àâ ‘π‡™◊ËÕ °≈ÿà¡∫√‘…—∑¡’§«“¡‡ ’Ë¬ß¥â“π°“√„Àâ ‘π‡™◊ËÕ∑’Ë‡°’Ë¬«‡π◊ËÕß°—∫≈Ÿ°Àπ’È¢Õß°‘®°“√ Õ¬à“ß‰√°Áµ“¡ À“°¡’≈°Ÿ Àπ’È∑’Ë°≈ÿà¡∫√‘…—∑ §“¥«à“ Õ“®®–¡’ªí≠À“¥â“π°“√™”√–‡ß‘π·≈â«ºŸâ∫√‘À“√¢Õß°‘®°“√¡’π‚¬∫“¬∑’Ë®–∫—π∑÷°§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠„Àâ‡æ’¬ßæÕ°—∫ ‚Õ°“ ∑’Ë®–‡°‘¥§«“¡ Ÿ≠‡ ’¬¥—ß°≈à“« 34.5 ¡Ÿ≈§à“¬ÿµ‘∏√√¡¢Õß‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π ¡Ÿ≈§à“¬ÿµ∏‘ √√¡ À¡“¬∂÷ß ®”π«π‡ß‘π∑’ºË ´âŸ ÕÈ◊ ·≈–ºŸ¢â “¬µ°≈ß·≈°‡ª≈’¬Ë π‡§√◊ÕË ß¡◊Õ∑“ß°“√‡ß‘π°—π„π¢≥–∑’∑Ë ßÈ— ÕßΩÉ“¬ ¡’§«“¡ √Õ∫√Ÿâ·≈–‡µÁ¡„®„π°“√·≈°‡ª≈’Ë¬π·≈– “¡“√∂µàÕ√Õß√“§“°—π‰¥âÕ¬à“ß‡ªìπÕ‘ √–„π≈—°…≥–¢ÕßºŸâ∑’Ë‰¡à¡’§«“¡‡°’Ë¬«¢âÕß°—π ¡Ÿ≈§à“¬ÿµ‘∏√√¡‰¥â¡“®“°√“§“µ≈“¥∑’Ë°”Àπ¥À√◊Õ°√–· ‡ß‘π ¥§‘¥≈¥ °≈ÿà¡∫√‘…—∑„™â«‘∏’°“√·≈– ¡¡µ‘∞“π¥—ßµàÕ‰ªπ’È„π°“√ª√–¡“≥¡Ÿ≈§à“¬ÿµ‘∏√√¡¢Õß‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π‡π◊ËÕß®“°‡§√◊ËÕß¡◊Õ ∑“ß°“√‡ß‘π‡À≈à“π’È®–§√∫°”Àπ¥„π√–¬–‡«≈“Õ—π —Èπ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥·≈–≈Ÿ°Àπ’È°“√§â“¡’√“§“µ“¡∫—≠™’„°≈â‡§’¬ß°—∫¡Ÿ≈§à“¬ÿµ‘∏√√¡ ‡®â“Àπ’È°“√§â“¡’¡Ÿ≈§à“¬ÿµ‘∏√√¡‚¥¬§‘¥®“°√“§“µ“¡∫—≠™’„πß∫¥ÿ≈ ‡ß‘π°Ÿâ¬◊¡¡’√“§“µ“¡∫—≠™’„°≈â‡§’¬ß°—∫¡Ÿ≈§à“¬ÿµ‘∏√√¡

35. ¿“√–ºŸ°æ—π·≈–Àπ’È ‘π∑’ËÕ“®®–‡°‘¥¢÷Èπ¿“¬Àπâ“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ë ∫√‘…∑— ¡’§¥’∂°Ÿ øÑÕß√âÕß‡√’¬°§à“‡ ’¬À“¬®“°∫√‘…∑— À≈“¬·Ààß‡ªìπ‡ß‘πª√–¡“≥ 45.77 ≈â“π∫“∑®“°°“√∑’∫Ë √‘…∑— ‰¡àªÆ‘∫µ— µ‘ “¡ —≠≠“®â“ß·≈–‡√’¬°√âÕß„Àâ∫√‘…—∑™¥„™â§à“‡ ’¬À“¬ º≈∑’Ë ÿ¥¢Õß§¥’¥—ß°≈à“« ‰¡à “¡“√∂∑√“∫‰¥â„π¢≥–π’È ΩÉ“¬∫√‘À“√¢Õß ∫√‘…—∑‡™◊ËÕ«à“∫√‘…—∑¡’‡Àµÿº≈∑’Ë¥’∑’Ë®–„™â‡ªìπ¢âÕµàÕ Ÿâ·≈–º≈§¥’®–‡ªìπª√–‚¬™πåµàÕ∫√‘…—∑ ¥—ßπ—Èπ ∫√‘…—∑®÷ß‰¡à‰¥â ”√Õß‡º◊ËÕº≈ ‡ ’¬À“¬∑’ËÕ“®‡°‘¥¢÷Èπ®“°º≈¢Õß§¥’¥—ß°≈à“«‰«â„πß∫°“√‡ß‘π ë ∫√‘…—∑¡’‡≈µ‡µÕ√åÕÕø‡§√¥‘µ∑’Ë¬—ß‰¡à‰¥â„™â¥—ßπ’È °ÿ≈‡ß‘π Àπà«¬ : ≈â“π ∫“∑ 35.80 ‡À√’¬≠ À√—∞Õ‡¡√‘°“ 7.15 ¬Ÿ‚√ 0.27 °“µ“√å√‘¬“¥ 36.97 ë Àπ’È ‘π∑’ËÕ“®®–‡°‘¥¢÷Èπ®“°°“√∑’Ë∏π“§“√ÕÕ°Àπ—ß ◊Õ§È”ª√–°—π°≈ÿà¡∫√‘…—∑ ª√–°Õ∫¥â«¬ Àπà«¬ : ≈â“π ∫√‘…—∑¬àÕ¬·≈– °ÿ≈‡ß‘π ∫√‘…—∑ °‘®°“√√à«¡§â“ √«¡ ¬Õ¥Àπ—ß ◊Õ§È” ∫“∑ 2,966.33 383.86 3,350.19 ª√–°—π¢Õß∏π“§“√ ‡À√’¬≠ À√—∞Õ‡¡√‘°“ 0.07 0.07 °“µ“√å √‘¬“¥ 40.45 40.45 §È”ª√–°—π‚¥¬ °√√¡°“√ ∫√‘…—∑„À≠à µ√“ “√Àπ’È ·≈–∑’Ë¥‘π ·≈– ‘Ëßª≈Ÿ° √â“ß ¢Õß∫√‘…—∑ 59 Annual Report 2005

ë ë

Àπ’È ‘π∑’ËÕ“®®–‡°‘¥¢÷Èπ®“°°“√∑’Ë∫√‘…—∑§È”ª√–°—π°“√„™â«ß‡ß‘π ‘π‡™◊ËÕ¢Õß∫√‘…—∑Õ◊Ëπ®”π«π 5.50 ≈â“π∫“∑ —≠≠“„Àâ∫√‘°“√°—∫≈Ÿ°§â“´÷Ëß¬—ß‰¡à‰¥â àß¡Õ∫À√◊Õ¬—ß‰¡à‰¥âªØ‘∫—µ‘ß“πª√–°Õ∫¥â«¬ Àπà«¬ : ≈â“π ∫√‘…—∑¬àÕ¬·≈– °ÿ≈‡ß‘π ∫√‘…—∑ °‘®°“√√à«¡§â“ √«¡ ∫“∑ 20,417.40 2,493.37 22,910.77 °“µ“√å √‘¬“¥ 61.69 61.69

∫√‘…—∑¬àÕ¬ ‰¥â∑” —≠≠“‡™à“Õ“§“√√–¬–¬“«‚¥¬¡’§à“‡™à“∑’Ë®–µâÕß®à“¬¥—ßπ’È ªï Àπà«¬ : ≈â“π∫“∑ 2547 0.34 2548 1.36 2549 1.36 2550 1.24

∫√‘…—∑‰¥â‡¢â“∑” —≠≠“§à“∑’Ëª√÷°…“∑“ß«‘»«°√√¡„π°“√°àÕ √â“ß‚√ß‰øøÑ“°—∫°“√‰øøÑ“ΩÉ“¬º≈‘µ·Ààßª√–‡∑»‰∑¬ ´÷Ëß¡’¿“√– ºŸ°æ—π∑’Ë®–µâÕß®à“¬®”π«π 10.75 ≈â“π∫“∑

36. ¢âÕ¡Ÿ≈‡æ‘Ë¡‡µ‘¡Õ◊ËπÊ à«πÀπ÷Ëß¢Õßµâπ∑ÿπ¢“¬·≈–§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ ”À√—∫·µà≈–ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2548 ·≈– 2547 ª√–°Õ∫¥â«¬

§à“‡ ◊ËÕ¡√“§“ (∫“∑) §à“„™â®à“¬‡°’Ë¬«°—∫æπ—°ß“π (∫“∑) ®”π«πæπ—°ß“π ≥ «—π∑’Ë 31 ∏—π«“§¡ (§π)

ß∫°“√‡ß‘π√«¡ 2548 2547 29,709,935 20,734,789 467,156,939 307,014,315 1,554 2,510

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑ 2548 2547 27,381,914 18,996,116 435,818,854 299,912,453 1,427 2,495

37. °“√®—¥ª√–‡¿∑√“¬°“√∫—≠™’ „À¡à ∫√‘…—∑‰¥â¡’°“√®—¥ª√–‡¿∑√“¬°“√∫—≠™’∫“ß√“¬°“√„πß∫°“√‡ß‘πªï 2547 „À¡à ‡æ◊ËÕ„Àâ Õ¥§≈âÕß°—∫°“√· ¥ß√“¬°“√„π ß∫°“√ ‡ß‘πªï 2548 ´÷Ëß‰¡à¡’º≈°√–∑∫µàÕ°”‰√ ÿ∑∏‘À√◊Õ à«π¢ÕßºŸâ∂◊ÕÀÿâπµ“¡∑’Ë√“¬ß“π‰«â·≈â«

38. °“√Õπÿ¡—µ‘ß∫°“√‡ß‘π ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑π’È‰¥â√—∫Õπÿ¡—µ‘®“°§≥–°√√¡°“√¢Õß∫√‘…—∑·≈â«

√“¬ß“πª√–®”ªï 2548 60

Financial Highlights 2005

2004

2003

Income from services

(Baht million)

5,248

4,215

1,537

Gross Profit

(Baht million)

708

529

296

Net Income

(Baht million)

241

276

124

Total Assets

(Baht million)

5,426

2,803

1,633

Total Liabilities

(Baht million)

2,270

1,555

789

Shareholders没 Equity

(Baht million)

3,156

1,248

845

Registered and Paid-up Capital

(Baht million)

503

269

210

Par Value*

(Baht)

Earning per Share

(Baht)

0.60

1.15

0.59

Book Value per Share

(Baht)

6.27

4.64

3.76

Gross Margin

(%)

13.49

12.56

19.28

Net Profit Margin

(%)

4.59

6.53

7.97

Return on Assets

(%)

4.46

9.85

8.69

Rrturn on Equity

(%)

7.71

22.13

15.36

Remark : * Par value of shares was changed from Baht 5 per share to Baht 1 per share on March 26, 2003

61 Annual Report 2005

Message from the Board of Directors In 2005 the company remained its continued growth satisfactorily although the slowing Thai economic growth of 4.5% as similarly as the growth of overall construction industry increased only 6.8%, which resulted mainly from the slow down in consumersû expenditure and compounded higher oil prices, rising interest and inflation together with the delay of governmentûs mega-project investment. The company recorded its satisfactory performance respectively in the 2005. The companyûs total assets increased substantially by 93.6% to Baht 5.4 billion as well as the increase in total shareholdersû equity up by 153.1% to Baht 3.2 billion. With the effective strategies which enabled the company having been awarded the increased new orders of Baht 23.7 billion (including the low cost housing project from the government of Baht 16.8 billion and the oversea projects of Baht 2.3 billion)in 2005. Therefore total revenues was recorded increasingly by 24% to Baht 5.2 billion with its net profit of Baht 242 million, which generated the earning per share of Baht 0.60 being higher than other companies in the same industry. The companyûs continued success was supported by its sufficient capital and effective strategies of financials and business operation together with the strong effort of all staffs and management improving their works to be more effective and efficiency. We are confident that in the year 2006, the company will be able to continue its growth successfully which are supported by its back log orders carried from 2005 of Baht 22.7 billion and expected order received in 2006 of Baht 8.0 billion, of which should encourage the substantially increased revenues in the 2006. Concentrating on the installation of mechanical and electrical system and civil construction for the projects in domestic and overseas together with the low cost housing project from the government will be the main drivers for the increased revenues. Apart from its core business the company continues to capture value added business opportunities through searching business alliance and investing in good prospected business, which can generate consistent income and create further business opportunities in order that the company can continue its growth and development effectively and consistently. We continue to support our human resource development to improve and enhance our staffsû capabilities together with transparency and good corporate governance in order to meet our clientsû most satisfaction and add more value to all stakeholders and society through our ultimate accomplishment. The successfully continued growth since the company established in 1988 and transformed to be public company and listed in the Stock Exchange of Thailand in 2002 through the present has always been supported by the good cooperation of clients, shareholders, financial institutions, governmental agencies and all staffs. On behalf of the management, we would like to express our gratitude to all and wish everyone having happiness, prosperity, good health and the best success in all desired.

(Mr. Swake Srisuchart) Chairman of the Board

√“¬ß“πª√–®”ªï 2548 62

Audit Committeeûs Report The Audit Committee consists of 3 directors appointed by the Board of Directors. These 3 directors who are not in the Executive Committee have performed their duties and responsibilities as assigned by the Board of Directors in line with the rules and regulation prescribed by the Stock Exchange of Thailand.† The main tasks are to examine and revise financial statements, to establish suitable internal control system for operational transparency according to the companyûs regulations and relevant law, to prevent conflict of interests and to recommend the appointment of auditor. In 2005, the Audit Committee held 4 meetings on the following agenda : Examination of Financial Statments The Audit Committee examined and revised the quarterly and annual financial statements in 2005 and inquired the management about the significant points in order to have the financial statement having accurate information in accordance with the general accounting standards and principles prescribed by the authorities.† The Audit Committee had meeting with the auditor to the auditorûs comments on financial statements, debt collection and internal audit control which there were no misstatement, then propose their useful comments to the management. Internal Control System The Audit Committee assessed the sufficiency of internal control system by revising the effective and efficiency of the internal control system in 5 areas i.e. organization and circumstance, risk management, managementûs operational control, information system and data communication as well as follow-up system, and it was found that the internal system was efficient and suitable for existing business. Internal Audit The Audit Committee supervised the companyûs internal audit in consideration of scope and plan of internal audit section, advised and considered the result of internal audit section, then reported to the management for corrective action, as the case may be, and followed up the progress after such improvement.

On behalf of the Audit Committee

(Mr. Singchai Arunvuthiphong) Chairman of the Audit Committee

63 Annual Report 2005

General Information General Information Company Name Head Office

: Power Line Engineering Public Company Limited : 2 Soi Sukhumvit 81 (Siripot), Sukhumvit Road, Bangjak

Phrakhanong, Bangkok 10260, Thailand Registration No. Website Registered Capital Paid Up Capital Telephone Fax

: : : : : :

40854500694 www.powerlinegroup.com Baht 546,244,889 divided into 546,244,889 Ordinary shares at par value of 1 Baht each Baht 503,062,850 divided into 503,062,850 Ordinary shares at par value of 1 Baht each 0-2332-0345 (15 Line) 0-2311-0851

Securities Registrar Company Name Address

: Thailand Securities Depository Company Limited. : 62 The Stock Exchange of Thailand Building,

Rachadapise Road, Klongtoey, Bangkok 10110,Thailand Telephone Fax

: 0-2229-2800, 0-2654-5999 : 0-2359-1262-3

Auditors Auditros

: Mr. Vichai Jaturanonda C.P.A No. 1431 or

Company Name Address

Mr.Pradit Rodloytuk C.P.A No. 218 : AST Master Company Limited. : 790/12 Thonglor Tower Thonglor 15, Sukhumvit 55 Road, Klongton, Klong Toey, Bangkok 10110, Thailand.

Telephone Fax

: 0-2714-8842-3, 0-2381-8016-7 : 0-2381-5716

√“¬ß“πª√–®”ªï 2548 64

Nature of Business Power Line Engineering Public Co., Ltd was established on July 8th , 1988 to engage in the services of the design, engineering and installation of mechanical and electrical (M&E) systems and civil construction for both private and government sectors. The services can be classified into 5 main areas, according to the systems being installed, including electrical system, telecommunication system, air-conditioning system, plumbing & sanitary and fire protection system and civil construction. The company was registered to be a public company on 29 August 2002 as well as increased its capital from Baht 160,000,000 to Baht 210,000,000 which consist of the ordinary share of 42,000,000 shares of which its par value is 5 Baht per share. The shares were listed and floated in the Stock,000 through issuing Share Warrant of 105,000,000 units, which were allocated to the existing shareholders at the ratio of 2 existing shares to 1 share warrant at the price of Baht 0 per warrant. The warrant holders will have the Exchange of Thailand on 12 December 2002. During the past years, the companyûs capital and its par value have been changed as follow: ë March 26th, 2003, The par value of 5 Baht per share for 42,000,000 shares have been changed to the par value of Baht 1 per share for 210,000,000 shares and registered with the Commerce Registry Department. ë April 2nd, 2003, The company increased the capital from Baht 210,000,000 to Baht 315,000right to exercise for a new ordinary share at the price of Baht 4 during the period of 3 years starting from the first date of the right to exercise on September 30th, 2003 and the next last day of March, June, September and December until the last date of exercise on June 11th, 2006. ë The first exercise date is on September 30, 2003, and for the followings, the warrant is exercisable on the last business day of March, June, September and December throughout the term of warrants. The last exercise date is on June 11, 2006 or the following business day in case it falls on a holiday of commercial banks. ë During the 2004, in order to expand the business further the Board of Directors have approved the investment in the Biomass Co-gen Power Project engaging in power plant with capacity of 9.9 megawatt which will be used rice husk being fuel as well as generating stream as a by-product. November 23, 2004, this project has registered the new company namely Power Prospect co., Ltd, which is owned by Powerline Engineering Public Company Limited 55%, Prospect Co., Ltd 40% and Project management 5%. ë In March 2005, in order to expand business further and have consistent income for medium to long the Board of Directors have approved the investment in Today Asset (Thailand) Co.,Ltd (Today) by holding 20% of Todayûs registered capital being Baht 50 million from Todayûs paid up capital of Baht 250 million. Power Line will benefit from the income generated by Todayûs hotel business and also be the contractor for the construction of Todayûs hotel in Phuket valued Baht 450 million. ë In April 2005, in order to increase the companyûs capabilities and to be qualified for bidding the larger private and governmental projects, the company increased its capital from Baht 315million to Baht 630million. However, not all the new shares were exercised, therefore in January 2006, the company reduced the registered capital to Baht 546,244,889, which is sufficient to do business. ë In June 2005, the Board of Directors approved to invest in Techner Co.,Ltd by holding 50% of Technerûs registered capital being Baht 5 million from its capital of Baht 10million in order to engage in the construction of the governmentûs low cost housing project, which Techner being awarded in the amount of Baht 2.2 billion.

65 Annual Report 2005

Overall Business Operation Structure of Shareholding As of December 31, 2005 the Company holds its shares in the following subsidiaries companies and joint venture companies as follows: Company % of shares held Type of Business Subsidiaries Company Unima Engineering Co., Ltd. Power Prospect Co., Ltd. Techner Co.,Ltd.

99.99 55.00 50.00

Construction Services Power electric and Power steam supplies Construction Services

Affiliated Company Today Asset (Thailand) Co.,Ltd.

20.00

Property business and Hotel

75.00

Sales and installation of construction, electrical and communication system Installation underground telephone duct & cable Installation underground telephone duct & cable Installation High Voltage underground cable

Joint Venture Company 1. Pioneer Telecom International Co., Ltd. Power Line Engineering Co., Ltd. Joint Venture 2. PLE & Y.K.T. Joint Venture 3. PLE & S.T.T. Joint Venture 4. Joint Venture of Powerline Engineering Public Co,. Ltd. And Italthai Engineering Co,. Ltd. Other investment Thai Electrical and Mechanical Contractor Co.,Ltd.

50.00 50.00 50.00

4.17

Designing, procurement and installation of mechanical and electrical system in oversea market.

Power Line Engineering Public Co., Ltd. The Company offers the services of design, procurement and installation of complete systems for government and private sectors The works are generated from direct bidding, business negotiation and in the form of joint venture company. The main 5 systems in the services (1) Electrical System (2) Telecommunication System (3) Air Conditioning System (4) Sanitary and Fire Protection System (5) General Civil Construction Unima Engineering Co., Ltd. Established on July 16, 1987, Unima Engineering Co., Ltd. (UNIMA) rendered the services in General Civil Construction for Office buildings, Hospitals, Shopping Complexes, Institutions, Hotels, Industrial Plants and Government facilities. Our government customers include Provincial Water Works, Ministry of Health, and Ministry of Interior etc. Power Line Engineering Public Company Limited owned 99.99 of Unimaûs shareholding capital in order to engage in civil construction business. In June 2005, Unimaûs registered paid up capital increased from Baht 60 million to Baht 300 million.

√“¬ß“πª√–®”ªï 2548 66

Power Prospect Co., Ltd. Established on November 23, 2004 an electricity production factory from natural resource, electricity distributor and steam distributor. Power Prospect Co., Ltd. is a joint venture of Biomass Co-gen Power Plant Project between PLE. 55% and Prospack Co., Ltd. 40% which is a plastics and super ware producer. Prospack is also own the Nakornluang Rice Mill branch 1, which located on Ta Ruea district, Ayutthaya province. The last share holder is and project manager, Mr. Pongsak Liangsiri who is an expert in engineering and experience in biomass power plant development 5 %. This factoryûs capacity is 9.9 megawatt and use husk as a fuel. Techner Co.,Ltd. Techner Co.,Ltd (TC) was established on March 9th,1990 with registered paid up capital of Baht 10 million engaging in construction service business. TC is located on 140 Pacific Place One Building, unit 1001, Sukhumvit road, Klong Toey, Bangkok 10110. On 4 June 2005, Power Line Engineering Public Company Limited(PLE)ûs Board of Directors approved to invest in TC by holding 50% of TC shares being Baht 5.0 million in order to proceed the governmentûs low cost housing project approximately valued of Baht 2.2 billion during the period of 3 years. This low cost housing project will generate the income to PLE based on shareholding basis starting from 2005 to 2008. Today Asset (Thailand) Co.,Ltd. Today Asset (Thailand) Co.,Ltd (Today) was established on August 7th, 2003 with the registered paid up capital of Baht 250 million to engage in property development business and hotel. On March 29th, 2005 Power Line Engineering Public Company Limited (PLE)ûs Board of Directors approved to invest in Today by holding 20% of Today shares being Baht 50million. This investment will encourage PLE to have consistent income in the future from its hotel business and PLE have also been awarded for the construction of Todayûs hotel project in Phuket, of which the construction contract value is Baht 450million. Pioneer Telecom International Co., Ltd. and Power Line Engineering Co., Ltd. Joint Venture The Company has entered a joint venture agreement with Pioneer Telecom International Co., Ltd. on April 11, 2000 by holding 75% of registered capital to render the service of equipment installation to Long Distance Telephone for Rural Area Zone 2 Project of 100,000 numbers covering Northern, Central, Upper South and Lower South Parts of Thailand totaling 21 provinces in corporate with Joint Venture Loxley- Petcharawut as the main contractor. The project cost is 454 M Baht which has already been completed. PLE & S.T.T Joint Venture Power Line Engineering Co., Ltd. now in contract call çPLEé and Srithai Telecom International Co., Ltd. now in contract call çS.T.T.é. The companies had joint in commerce PLE and S.T.T. Joint Venture in share of 50:50 since May 16, 2003 for auction in TOT Corporation Public Co,.Ltd.ûs cable setting from start-end way and underground telephone duct & cable Charansanitwong telephone exchange. PLE is an agent of joint venture who coordinates and carries out the activities with TOT Corporation Public Co., Ltd. The project worth 5.5 M Baht and after all the proceed are done. The Joint venture will clear up all accounting and wind up. PLE & Y.K.T Joint Venture Power Line Engineering Co., Ltd. now in contract call çPLEé and Yukonthon Communication Co., Ltd. now in contract call çY.K.Té. The companies had joint in commerce PLE and Y.K.T. Joint Venture in share of 50:50 since March 10, 2003 for auction in TOT Corporation Public Co,.Ltd.ûs cable setting from start-end way and underground telephone duct & cable Pruekpirom village, Bang-plad telephone exchange. PLE is an agent of joint venture who coordinates and carries out the activities with TOT Corporation Public Co., Ltd. The project worth 4.6 M Baht and after all the proceed are done. The Joint venture will clear up all accounting and wind up. Joint Venture of Powerline Engeering Public Co., Ltd. and Italthai Engineering Co., Ltd. The Company has entered a joint venture agreement with Italthai Engineering Co., Ltd. on April 24, 2003, by holding 50% of registered capital to render of installation high voltage underground cable 115 KV. System at Rayong 2 substation of PEA. The project cost is 38.55 M Baht. We have got license gives start work on September 1, 2004 which is expected to be completed in the first quarter of 2005.

67 Annual Report 2005

Revenue Structure Unit : Thousand Baht

2005 Services

Performed by

Share Structure

Revenues

2003 %

- PLE

Telecommunication Sustem

- PLE - UNIMA - JV.PTI&PLE - JV.PLE&YKT - JV.PLE&STT - JV.PLE&ITL

Air Conditioning System

- PLE

978,725.65 18.65

920,353.98 21.84

398,700.44 25.94

Sanitary and Fire - PLE Protection System

855,405.31 16.30

530,621.46 12.59

311,583.51 20.27

1,593,914.07 30.37 1,503,821.96 35.68 179,661.97 3.42 23,730.77 0.56 65,419.92 1.25 -

164,776.29 10.93 12,696.45 0.82 -

- PLE - UNIMA - TECHNER

Services Revenue

75.00 50.00 50.00 50.00

99.99 50.00

1,490,653.43 28.40 1,195,598.76 28.37

Revenues

Electrical System

Civil Construction

Revenues

2004

70,484.12 2,043.83 12,387.72

1.34 0.04 0.24

19,195.22 9,914.76 4,301.86 473.08 279.54 6,583.94

0.45 0.23 0.10 0.01 0.01 0.16

555,345.57 36.13 84,484.96 137.50 9,354.21 -

5,248,696.02 100.00 4,214,875.35 100.00 1,537,078.98 100.00

Other Income

48,942.63

13,567.42

12,042.26

Total Revenue

5,297,638.65

4,228,442.77

1,549,121.24

√“¬ß“πª√–®”ªï 2548 68

5.50 0.01 0.61 -

Conditions and Competition in the Construction Industry Construction Industry Outlook In 2005 the Thai construction industry remained its continued growth of 6.8% lowering than its growth in the 2004 which resulted from the delay of the governmentûs investment in mega-projects in line with the slowing growth domestic products of 4.5%, which were effected by the slow-down in private consumption and investment, raising oil price, inflation and interest rate. However, National Economic and Social Development Bureau (NESDB) have forecast that the Thai economy in the 2006 will remain its growth rate of approximately 5% based on the increased investments from private and government sectors of 12% and 15% accordingly. Moreover the governmentûs expenditures in the mega-projects in the amount of Baht 1.8 trillion during the 2006 to 2009 will enable the continued growth in the Thai construction industry. As this circumstance the company as one of the leading contractors having competitive strategies and overall strength should benefit from this development through being awarded as main contractor and sub-contractor in new various construction projects. Apart from this development, the company has already been awarded to proceed the governmentûs low cost housing project amounting Baht 16.8 billion since December 2005, which will generate the works and revenues to the company approximately Baht 4 billion per year in the period of 2006 to 2009.

Competition Although the competition in the Thai construction industry is highly competitive whereas the demand for the engineering design, procurement and installation of mechanical and electrical systems for the new projects and the projects required the renovation continues to grow effectively. The contractors who particularly have well recognition and their strength in financial, team works and sophisticated strategies will be advantage in this aspect. The company having outstanding works references, strong financial position, project management capability, personnel with extensive knowledge and experience, flexibility to work for small, medium and large scale projects and bargaining power with supplier, would have and advantage in the market over the competitors of which the companyûs successes having been records during the past years with the high standard of on time works completed reaching the clientsû most satisfaction and the growth rate of performance and profits. Based on the companyûs overall businesses covering clients from both private and public sectors and involving in the wide range of various construction activities i.e. residential building, commercial offices and shopping complex, industrial facilities and public infrastructures, thus a slowdown in any one industry would have very limited adverse impact on the company comparing to other competitors. Furthermore the companyûs business expansion in Qatar and U.A.E, where the construction business expands rapidly and substantially and continues to growth at least in the next 2 to 3 consecutive years, will create very good prospects for the company to continue its growth respectively and accordingly. Apart from the competition amongst Thai contractors, the foreign contractors and joint-ventures and consortium of foreign and Thai contractors are also having strong influences in domestic construction industry. However currently there is no actual numbers from any institutions evaluating the market shares in Thai construction industry and classifying Thai construction contractors in specific type of their business. Most of the contractors have their own specific strengths and strategies including marketing niches, long term experiences, recognized quality of works to operate their business expansion.

Related Party Transactions During 2004 and 2005 the Company has certain related party transactions with person and related companies as per the auditorûs note section 5 in the 2005 financial statement.

69 Annual Report 2005

Risk Factors The company has sustained risks in business operation from several causes which is summarized as follows :

1. Risk related to the engineer Since the business of company is depended on the knowledge and capability of its personnel especially engineer in the level of project director project manager and project engineer who can successfully supervise and manage the project. Loose of those engineers shall affect to the capacity of the company to take on work and carry out the business of the company in the future.

2. Management risk The work system of the company is divided into units spreading around the areas. Even the risk is sometimes well controlled but each unit is mainly depended on the personnel and trustfulness to the project director and project manager. Therefore the company has the policy to disseminate the management power by appointing the Executive Board and the Director of each unit who is suitably qualified to oversee the work in each unit to reduce management risk.

3. Risk from change of materials and accessories price The business related to the designing, procurement and installation the engineering system is required to quote the fixed price commencing from the bidding until the completion of work. During operation, the price of materials and accessories, such as, major accessories and general materials may be higher which shall affect higher cost of the project. For major accessories, the company has a measure and policy to reduce risk about raw material price by mean of negotiation and good relationship to the major and minor suppliers to obtain quotation in advance which shall be fixed price during the project period. For general materials, the company shall purchase for several projects at the same time in order to negotiate for lower price. With high negotiable power, the company can maintain the cost price of general material at the suitable level. The company continues to improve its procurement management in order to mitigate the risk of raising in the cost of materials and equipments.

4. Risk from the delay of construction project This is an important factor to the business operation. Delay of construction project may be resulted from the project owner, such as, change of construction and installation plan, lack of capital, etc. or the delay in installation of the companyûs teamwork. In case of delay is caused by the project owner, the company is risk to bear additional expense of the project, such as, labor cost, public utility cost, etc. as the company is unable to claim additional payment from the customer as the employment contract did not cover this matter, the risk prevention in this case is somewhat difficult. However, such affect can be limited by reducing the laborer and expense of such project provided that it shall not affect to the current work. In case of delay of the project is caused by the delay in working of the company, the company is risk to be fined by the project owner. The prevention of such risk is possible by the improvement of management ability of the companyûs personnel especially the project manger and allocation of teamwork and sub-contractor that suitable to the work quantity in each project.

√“¬ß“πª√–®”ªï 2548 70

5. Economic and political risk The fluctuation of economic and change of politic shall directly affect to the budget of and investment atmosphere within the country which is an important factor to the consideration of investor both in the public and private sectors and also affect to the expansion of immovable property business and industrial factory construction and continuously affect to the business related to the designing, procurement and installation of engineering system.

6. Financial risk Income risk

As the product that generate income of the company is derived from service in the type of project operation, not the long-term employment contract. Therefore, the continuity of income of the company is depended on the ability to win the bidding or being selected to undertake the work in each project. The company has planed to expand its investment to the relative businesses and to get remuneration in form of continuous cash flow, such as, the work related to successions in order to reduce risk of fluctuated income. Revolving capital risk

The company engaging in the business of engineering system installation shall have sufficient revolving capital for operation which is equivalent to approx. 10-15% of the cost of work to spend for purchasing of raw material, wage, guarantee with the bank to obtain guarantee letters, such as, performance bond, retention bond, etc. In case of change of payment of the employer, it shall affect to the revolving capital management of the company. Therefore, to reduce such risk, the company has tried to negotiate in order to reach the strict condition related to payment of each project. In addition, the company has planed to examine the financial status of the employer supporting all bidding. With the present financial status of the company, this kind of affect is still not much occurred.

7. Currency exchange risk The company has very low risk of currency exchange as the company has mostly negotiated to purchase the raw materials from the suppliers in the form of Thai baht and the company has very low proportion of foreign currency income. However, the company has also provide measure to reduce this kind or risk by execution of forward contract.

71 Annual Report 2005

Structure of Shareholding and Management Dividend Policy The Companyûs dividend policy The companyûs dividend is set to be paid at 50% of net profit after tax deduction and legal reserves. However the Board of Directors has the authority to proceed or amend the dividend policy from time to time in order to maintain the most benefit for the shareholders i.e. using the dividend as a reserved fund for repaying the companyûs loan and a capital investment for the expansion or being working capital in case of market condition changed, which will impact to the companyûs future cash flow. The subsidiary and affiliated companiesû dividend policy The companyûs subsidiary and affiliated companiesû dividend will be paid based on their sufficient cash flow after legal reserve under their Board of Directorsû decision on case by case basis.

Shareholders List of top 10 shareholders as of December 31, 2005 /1

Shareholder

Percentage (%)

1. Thailand Securities Depository Company Limited for Depositors - Local

310,822,991

61.79

2. Thailand Securities Depository Company Limited for Depositors - Foreign

125,823,964

25.01

3. Mr. Swake Srisuchart

37,360,000

7.43

4. Mr. Amnuay Karnjanopas

10,000,000

1.99

5. Mr. Pisit Rojanamongkol

8,533,000

1.70

6. Mr. Andrew Kitvithawat

6,815,000

1.35

7. Mr. Somsak Kuptamatee

1,901,704

0.38

8. Mr. Pisant Chintanapakdee

1,600,000

0.32

75,000

0.01

10. Miss. Sunisa Soraiya

50,000

0.01

Total

502,981,659

99.99

9. SDS International Group Company Limited

No. of Shares

Report from Thailand Securities Depository Company Limited for Depositors

√“¬ß“πª√–®”ªï 2548 72

Management (1) Board of Directors as of December 31, 2005 Shareholders Board of Director 1. Mr. Swake

2. 3. 4. 5. 6. 7. 8. 9.

Srisuchart Karnjanopas Rojanamongkol Kuptamatee Kitvithawat Chintanapakdee Aroonvuthiphong Boonyachai Nutsatid

Mr. Amnuay Mr. Pisit Mr. Somsak Mr. Andrew Mr. Phisant Mr. Singchai Mr. Somprasong Maj.Gen. Sinchai

Chairman of the Board Vice Chairman Director Director Director Director Independent Director Independent Director Independent Director

Secretary the Board of Directors 1. Mr. Sutee 2. Mr. Thada

Tantivanichanon Chumasaratul

Executive Board 1. Mr. Swake Srisuchart 2. Mr. Amnuay Karnjanopas 3. Mr. Pisit

Rojanamongkol

4. Mr. Somsak Kuptamatee 5. Mr. Phisant Chintanapakdee 6. Mr. Sutee

Tantivanichanon

Chief Executive Officer Senior Executive Vice President Executive Vice President Executive Vice President Executive Vice President Executive Vice President

Audit Committee 1. Mr. Singchai

Aroonvuphiphong Chairman of Audit Committee 2. Mr. Somprasong Boonyachai Audit Committee 3. Maj.Gen.Sinchai Nusatit Audit Committee Secretary the Audit Committee 1. Mr. Thongchai Supanthavee

Secretary the Executive Board 1. Mr. Thada Chumasaratul

73 Annual Report 2005

The Board of Directors The Company Director No. 1-4 are authorized to sign on behalf of the company whereby two of them must co-sign and affix with company seal, having Mr. Sutee Tuntivanichanon to act as secretary of the company. The Board of Directorsû duty responsibility and authority The directors shall sincerely and faithfully perform their duties and carefully take care the interest of the company to be in accordance with the objectives, rules and regulations of the company and the resolution of the shareholdersû meeting and the matter legally required the approval of the shareholdersû meeting prior to operation, such as, preparation of combination item, sale or purchase of important assets according to the principles of SET or of other government authorities, etc. In this regard, the Board of Director may assign one or several directors to take any action on behalf of the Board whereby such assignment must be under its scope of power of power whereby the scope of powers and duties of such assignee must be clearly specified. In 2005, there were seven meetings of the Board of Directors as follows :

Board of Director

No. 1

No. 2

No. 3

No. 4

No. 5

No. 6

No. 7

Total

Mr. Swake Srisuchart

Mr. Amnuay Karnjanopas

Mr. Somsak Kuptamatee

Mr. Pisit Rojanamongkol

Mr. Andrews Kitvithawat

Mr. Phisant Chintanapakdee

Mr. Singchai Aroonvuthiphong

Mr. Somprasong Boonyachai

Maj.Gen.Sinchai Nutsatid

Mrs. Suree Benjaoran

Miss. Preeya Nark-in

Mr. Sutee Tantivanichanon

Mr. Thada Chumasaratul

/ Attend Meeting X Not attend meeting Remarks :

Mrs. Suree Benjaoran Miss. Preeya Nark-in

√“¬ß“πª√–®”ªï 2548 74

Resigned from the company in September 2005. Transferred to work in Qatar in Jyly 2005.

The Executive Board The Executive Board没s duty, responsibility and authority 1. Prescribe the policy, direction, strategy and structure of major management work for business operation of the company to respond and support the economic situation and competition as prescribed and declared to the shareholders and propose for approval of the Board of Directors. 2. Prescribe business plan, budget and management power of the company and propose for approval of the Board of Directors. 3. Inspect, follow up the policy and management guidelines in several aspects whether it is efficiently exercised to benefit the business operation of the company. 4. Inspect, follow up the result of business operation whether it is in accordance with the approved business plan. 5. Consider the large investment project of the company and propose for approval of the Board of Directors. 6. Appoint, withdraw the employee of the company in the position not higher than CEO. 7. Consider, approve and tender the bidding or hireling of goods for other work units, or persons. 8. Perform other duties as being assigned by the Board of Directors time to time. And the authority to approve financial matter as follows :1. In case of such matter is already prescribed in the business plan or budget duly approved by the Board of Directors, the Executive Board shall be entitled to take any action with unlimited amount. 2. In any matter other than those specified in clause 1, the Executive Board is empowered to approve not exceeding 50 million baht of which such approval shall include the approval of expenditure in normal course of business operation, investment in the capital expenditure or permanent asset, and authorization in contract of credit finance all finance systems limited amount baht 1,000 million including joint venture (except security according to the bidding project or hireling of good on unlimited amount) and report to the Board of Directors. The Executive Board may empower the management employee of the company to approve any or several financial matter as deemed appropriate. In this regard, the approval as mentioned above shall not in the manner that enable the Executive Board or its assignee to approve any item that it or any other person shall have the benefit or may oppose against any benefit (according to the Articles of Association of the company and as prescribed by SEC) with the company or its affiliate except such approval is grant to the item incurred in normal course of business under the clear limit. CEO没s duty, responsibility and authority 1. Decide the important matter of the company, prescribe the duties, objectives, guidelines, policies of the company including control an oversee the overall business operation duly assigned by the Executive Board and responsible for the Executive Board. 2. Appoint, discharge, dismiss, fire; prescribe wage, pension, and reward; adjust and increase salary, remuneration, bonus of all employees of the company in the position lower than Executive Director including to appoint the employer没s representative to work in the Provident Fund Committee of the company. 3. Approve and authorize for withdrawal and payment for purchase of property and employment of service for benefit of the company but not exceeding the amount limited to the power of the Executive Board. 4. Issue orders, regulations, notifications, records; effect the operation according to the policies and for benefits of the company and maintain the working disciplines of the company. 5. Approve the appointment of consultants in several aspects as deemed necessary for business operation. 6. Perform other duties duly assigned by the Board of Directors or Executive Board time to time. 7. Carry on general management work of the company. 75 Annual Report 2005

In this regard, the approval as mentioned above shall not in the manner that enable the Executive Board or its assignee to approve any item that it or any other person shall have the benefit or may oppose against any benefit (according to the Articles of Association of the company and as prescribed by SEC) with the company or its affiliate except the approval according to the policy and principles approved by the Board of Directors that required an approval of the shareholders in preparing the combination item and obtainment or disposal of important asset of the company, affiliate companies to correspond with the requirement of SET related to such matter. Auditing Board The Auditing Boardûs duty, responsibility and authority 1. Examine the company to sufficiently prepare the correct and clear financial items. 2. Prescribe and examine the company to have efficient and effective internal control and internal audit system. 3. Examine the operation of company to be in accordance with the law of SEC, requirement of SET or other laws related to the business of the company. 4. Select and nominate the auditor of the company including consider the remuneration of the auditor. 5. Disclose the information of the company in case of there is any combination items or any items which may be object to the benefit of the company to be correct and complete information. 6. Perform any action as being assigned by the Board of Directors or as deemed appropriate by Auditing Board. 7. Prepare report related to the activity of the Auditing Board in the annual report of the company of which such report must be signed by the Chairman of the Auditing Board. 8. Evaluate the performance of the Auditing Board.

(2) Recruitment of directors and executives Even the company have no any recruitment committee to recruit the director but it has policy to recruit by consideration on several factors, such as, knowledge, capability and experience related to the business, etc. and has prescribed principles to appoint and withdraw the directors as follows : 2.1 The Board of Directors is consisted of at least 5 persons but not exceeding 10 persons and not less than half of total directors must domicile in the kingdom and duly qualified according to the requirement of the law. 2.2 The shareholdersû meeting shall appoint the directors based on majority votes according to the principles and methods as follows :2.2.1 One shareholder shall have one share per one vote. 2.2.2 The shareholder shall vote to elect the director individually. 2.2.3 The person earned highest mark respectively shall be elected as director equal to the number of directors required or elected in such election. In case of equal vote, the Chairman shall cast the final vote. 2.3 In every annual ordinary meeting, 1/3 of directors shall be resigned from their position. In case of number of directors are not equally separated into 3 parts, the nearest number to 1/3 of the directors resigned in first or second years after company formation shall be resigned by mean of lot drawing. For subsequent year, the directors assuming his position for the longest time shall be resigned, such resigned director may be re-elected to assume the position. 2.4 In case of vacancy by any reason other than the rotation, the Board of Directors shall elect any qualified person who is not prohibited by law to assume such position in the following meeting except in case of the remaining period is less than 2 months, such elected director shall retain the position only for such remaining period.

√“¬ß“πª√–®”ªï 2548 76

(3) Remuneration of the Board of Directors and the Management 3.1 Remuneration of the Board of Directors in 2005 Unit : 첫000 Baht 1. 2. 3. 4. 5. 6. 7.

Board of Directors Mr. Swake Srisuchart Mr. Amnuay Karnjanopas Mr. Somsak Kuptamatee Mr. Pisit Rojanamongkol Mr. Andrews Kitvithawat Mr. Phisant Chintanapakdee Mr. Singchai Aroonvuthiphong

8. Maj.Gen.Sinchai Nutsatid 9. Mr. Somprasong Boonyachai 10. 11. 12. 13.

Mrs. Suree Miss.Preeya Mr.Sutee Mr.Thada

Benjaoran Nark-in Tantivanichanon Chumasaratul

Descriptions Meeting Allowance Meeting Allowance Meeting Allowance Meeting Allowance Meeting Allowance Meeting Allowance Meeting Allowance Annual Allowance Meeting Allowance Annual Allowance Meeting Allowance Annual Allowance Meeting Allowance Meeting Allowance Meeting Allowance Meeting Allowance

Amount 70 50 70 70 50 70 140 140 140 120 140 120 50 40 20 30

Total

1,320 Unit : 첫000 Baht

2005

Remuneration

2004

No.

Amount

No.

Amount

Meeting Allowance

940

705

Annual Allowance Total

380 1,320

320 1,025

3.2 Remuneration of the Executive Board and the Management Unit : 첫000 Baht

2005

Remuneration

2004

No.

Amount

No.

Amount

Salaries

10,880

10,320

Bonuses Total

2,330 13,210

1,771 12,091

77 Annual Report 2005

3.3 Provident Fund of the Executive Board and the Management The Provident Fund contribution to 8 management in 2005 are Baht 195,703.20 and the company have appointed TISCO Provident Fund 1 as the fund manger for Power Line Engineering Public Company Limited on September 1, 2002.

(4) Corporate Governance The Board of Director (BOD) are well aware of the importance of good corporate governance as follows : 4.1 Corporate Governance Policy The BOD are entitled to set the Standard for the Corporate Governance since this will lead to continuing growth of the business. The BOD have a strong determination to implement an effective Corporate Governance appropriate to the business regarding safeguarding the benefits of the shareholders which comply to both the law and business ethics. 4.2 Shareholdersû Rights In the year 2005, The BOD have held 2 shareholdersû meetings which include one ordinary meeting and one extraordinary meeting at Imperial Queens Park Hotel. The agendas for all the meetings including BODûs comment and recommendation were distributed to the Companyûs shareholders 7 days and 14 day in advance. The BOD have recommended a certain sum of dividend to shareholders for shareholder meetingûs approval. 4.3 Stakeholders Right The Company express their concern to all parties involved internal, from the staffs and Management Team of the Company and Subsidiaries Companies to the external stakeholders such as competitors, government and private sectors. Since the cooperation from these parties concerned will benefit the Company in terms of competitiveness and create profitability for the Company in the long run. 4.4 Shareholdersû Meeting During the meetings in the year 2005, the Chairman of the meeting allowed the shareholders to raise any questions arisen from the Company Operations and also welcome any good suggestions for further implementation. (if any) 4.5 Leadership and Vision The BOD have set the vision, mission, goals, business plan and company budget and ways to monitor the company management to perform according to the approved business plans and budget in order to create profitability for the Company and benefits to the shareholders. 4.6 Conflicts of Interest In case of Conflicts of Interest in the business, the BOD are well aware of the consequences and will perform in the most appropriate way in accordance with the regulations of The Stock Exchange of Thailand (SET). The price and condition shall be regarded as the Arms Length Basis. The detailed transaction value shall be explained in the Connected Transactions. 4.7 Business Ethics The Company have set general practice for the management and staffs to perform the operation with good governance manner and to treat every parties equally and trustworthy. The relevant parties shall acknowledge and comply accordingly in which the Company always Communicates with the employees, follow up the performance of such practice and set the disciplinary punishment.

√“¬ß“πª√–®”ªï 2548 78

4.8 The Balance of Power Within the nine members of Company Directors, there are 5 Directors from management team, 1 from non management and 3 independent directors (one third of the whole committee) 4.9 Combination or Separation Position The President and the Managing Director appointed is the same person and in order to balance the power in general management, one third of the directors are selected from outsider as the independent directors. 4.10 Remuneration of the Board of Directors and the Management Remuneration of the Board of Directors and the Management is conformed to the approved rules and regulations of the Company and in accordance with the performance of each individual management and the Company as a whole. The Remuneration for the year 2005 is listed in the structure and Shareholding Item No. (3) Remuneration of the Board of Directors and the Management. 4.11 The Management没s Meeting The BOD hold an ordinary meeting quarterly and any extraordinary meeting when necessary. The agendas of the meeting are distributed 7 days before the meeting date in order that the BOD have time to scrutinize each and every items before the meeting. Generally each meeting shall take approx. 2 hours. In 2005, there were seven meetings of the Board of Directors. 4.12 Subcommittee The BOD appoints the subcommittee as follows : The Audit Committee : on August 23, 2002 consisting of 3 independent directors for the period of 2 years, consisting of 3 directors. All directors are independent. On August 11, 2004, in 4th/2004 committee meeting, The Committee approved the 3 independent directors to be the Audit Committee for another term and restricted power specified in the structure of Shareholding and Management, Item (1), Structure of Board of Directors. 4.13 Internal Control and Audit. As detailed in the structure of Shareholding and Management item (6) Internal Control and Audit. 4.14 The BOD没s Report The BOD are responsible for the combined financial statements of the Company and Subsidiaries Companies. Such reports are made in conformity with accounting principles and practices generally accepted in Thailand. The appropriate accounting policies are selected and applied. The budget management shall be carefully planned and considered. The important data shall be adequately shown in the appendix of financial statements. 4.15 Investor Relationship The Board of Director realizes that financial and non-financial data affects the investors没 decision and beneficiary, therefore the Company requested the management to show the complete, correct, reliable and updated data in which the management always gives the importance and strictly complies accordingly. Regarding the investor relations, the Company has not establish the specific section, however it assigns the Executive Vice President Accounting and Financial to communicate with the investors, shareholders, analysts and relevant government sectors because the activities are not of high volume. The shareholders are welcomed to visit the company没s website at : powerlinegroup.com or through telephone no. 02-332 -0345 (15 lines)

79 Annual Report 2005

(5) Internal Information Auditing and Complianse The company has prescribed the regulations related to the utilization of internal information for private benefit as follows :5.1 Director, executive, staff and employee of the company shall strictly keep confidential of secret and/or internal information of the company. 5.2 Director, executive, staff and employee of the company shall not disclose secret and/or internal information of the company nor directly or indirectly and with or without remuneration seek for any benefit for oneself or for other person. 5.3 Director, executive, staff and employee of the company shall not purchase, sell, transfer or accept transfer of security of the company and/or enter to any legal action by using secret and/or internal information of the company which may directly or indirectly cause damage to the company. This provision is inclusively enforced to the spouse and immature children of the director, executive, staff and employee of the company. Failure to comply with this provision shall be regarded as serious offense. The company has the policy that the superior in each level shall oversee and supervise its subordinate to comply with such above provision. Failure to comply with the same,the company shall grant verbal warning, written warning or dismiss as the case may be.

(6) Internal Control The company has devoted itself to the importance of internal control systems by having them practiced by all levels of managements and employees. To be performed efficiently, their duties and authorizations were clearly set in writing. There is a control upon utilization of companyûs assets and, to that effect of proper balance and check. In addition, for the internal control that related to the companyûs financial issue, the company has set a financial report system to be submitted to the relevant line management for his acknowledgment. The company also has an internal audit to observe to the effect that the companyûs essential financial activities and its core business are being performed effectively and in compliance with the set policy. The internal audit is independent in auditing and balance checking has assigned the internal audit committee to report to the audit committee. The company has suitable internal control according to the prescribed requirement in every respect. In addition, there are also the policies to control and audit in 5 respects, namely, organization and environment, risk management, executive performance control, information technology system and data communication and follow up system especially in the aspect related to all expenditure to ensure the shareholders that the company has carefully and efficiently spent its budget. This enable the company to achieve the prescribed goals on the basis of economy and reasonable. Such control policy is covered the compliance with the rules, regulations and policies and credible accounting as follows :ë ë ë ë

All items are prepared with approval of the executive and /or specific authorized person. All items are correct according to the general certified accounting standard. Accessing to the assets must be approved by the executive and/or specific authorized person. The item related to the assets is carefully record and responsibility to the recorded data. All assets are inspected and assessed at its actual condition.

In addition, the company has applied such internal control system to use with the business of the affiliate companies to ensure the investors that the company has strict internal control system to prevent assets from any damage which may be occurred from illegal use or disposal including the company has emphasized on the internal audit by employing the internal auditing firm that possess full knowledge, experience and credible who can periodically assess and report to the Auditing Board and the Board of Directors regularly.

√“¬ß“πª√–®”ªï 2548 80

Management Discussion and Analysis Explanation and Analysis of Operating Result and Financial Analysis for the year 2005 compared to 2004. Operating Performance Income The income from all services in the 2005 increased satisfactorily by 24.52% to Baht 5.25 billion compared to Baht 4.2 billion in the 2004 mainly resulted from the increased recognized income from the projects in Qatar.

Cost of Services The cost of services in the 2005 was recorded at Baht 4.54 billion compared to Baht 3.68 billion in the 2004. The improvement of cost of services to sales was due mainly to the effective and efficient procurement and improved project management, which resulted in raising the gross profit margin in the 2005 of 13.49% compared to 12.55% in 2004.

Selling and Administration Expenses Selling and Administration Expenses in the 2005 increased to Baht 242.5 million compared to Baht 164 million in the 2004 which resulted to Selling and Admin Expenses / revenues raising to 4.62% in the 2005 compared to 3.89% in the 2004, which was due mainly to the increases in wage and salary of increased staffs from 740 in the 2004 to 807 in the 2005 and provision set for doubtful accounts of Baht 112 million.

Operating Profit Operating profit increased to Baht 400 million, up by Baht 24.4 million compared to Baht 375.9 million in the 2004 while operating profit margin decreased from 8.89% to 7.56% in the 2005 as the result of raising in selling and administration expenses.

Net Profit The company recorded the decreased in net profit from Baht 276.1 million in the 2004 to Baht 242 million in the 2005, down by 12.4% resulted mainly by higher selling and admin expenses, interest charged and provision for doubtful accounts and impairment of assets. Net profit margin in the 2005 dropped to 4.57% compared to 6.53% in the 2004.

Financial Status Assets Total assets as the end of 31 December 2005 increased substantially to Baht 5.43 billion, up by 93.6% compared to Baht 2.8 billion. Similarly the account receivables increased from Baht 1.1 billion to Baht 2.79 billion with lengthened collection period of 119 days compared to 54 days in 2004 which was resulted mainly by the 2 doubtful accounts i.e. Boa Bae project (Bumrung Muang Plaza Co.,Ltd)and Jungceylon project (Phuket Square Co.,Ltd). The increased unbilled completed works was recorded at Baht 1.1 billion compared to Baht 944 million in the 2004. Account payable period lengthened to 114 days compared to 98 days in the 2004 due to longer creditor terms provided by the supplier.

81 Annual Report 2005

Liquidity The companyûs liquidity improved with higher current ratio of 2.14 times compared to 1.57 times whereas interest cover ratio was recorded at 11 times in the 2005 and 81 time in the 2004.

Source of Fund Liability Total liabilities increased by 45.9% to Baht 2.3 billion compared to Baht 1.55 billion in the 2004 due mainly to the companyûs increased businesses, which resulted to the increases in short term borrowing, unbilled cost of construction, advanced received from customers and retention payable. The companyûs credit facilities with financial institutions as the end of 31 December 2005 were Baht 6.5 billion, which enabled the company to handle works valued more than Baht 20 billion.

Equity Shareholderûs equity increased substantially from Baht 1.9 billion in the 2004 to Baht 3.2 billion in the 2005 due mainly to increased capital and premium on share capital. The increase also resulted to the improvement of Debt to Equity ratio from1.25 time in the 2004 to 0.72 time in the 2005.

√“¬ß“πª√–®”ªï 2548 82

The Board of Directors没 Obligation for Financial Statements The Board of Directors are responsible for the company没s financial statements and consolidated financial statements. The financial statements were prepared and audited under general accounting standards through appropriated accounting policy and practice including to disclose sufficient significant information for the notes in financial statements. The Board of Directors has arranged and maintained the internal audit control system to be effective and efficient in order to ensure that all accounting records are actually correct and proceeded properly. The Audit Committee are appointed from 3 independence directors to respond for the quality of internal control system and financial statements, which their opinion regarding on this has already mentioned in this annual report. The Board of Directors are confident that the overall internal audit control system is sufficient and appropriated for reasonably ensuring the confidence in the company没s financial statements and consolidated financial statements as of 31 December 2005.

(Mr. Swake Srisuchart) Chairman of the Board

83 Annual Report 2005

The Auditorûs Remuneration The company has set A.S.T. MASTER CO., LTD. By Mr. Vichai Chaturanon, an auditor with license no. 1431 or Mr. Pradit Rodloitook, an auditor with license no. 218 to be the companyûs auditor in 2005. The committees agree to this and set the annual audit fee at 220,000 baht, the annual consolidated financial statement audit fee at 50,000 baht, and the review 3-quarter financial statement audit fee at 60,000 baht and the review 3-quarter consolidated financial statement audit fee at 30,000 baht. The total audit fees are 540,000 baht. Unit : ù000 Baht

Descriptions The annual audit fee The annual financial statement audit fee The review 3-quarter financial statement audit fee The review 3-quarter total financial statement audit fee Total

√“¬ß“πª√–®”ªï 2548 84

Amount 220 50 180 90 540

Report of Certified Public Accountant and Financial Statements To The Board of Directors and The Shareholders of Power Line Engineering Public Company Limited I have audited the consolidated balance sheets of Power Line Engineering Public Company Limited, Subsidiaries and Joint Ventures as at December 31, 2005 and 2004, the Consolidated statements of income, changes in shareholdes没 equity and cash flows for the years then ended. I have audited the balance sheets of Power Line Engineering Public Company Limited as at December 31, 2005 and 2004, the statements of income, changes in shareholders没 equity and cash flows for the years then ended. These financial statements are the responsibility of the Company没s management as to their correctness and completeness of the presentation. My responsibility is to express an opinion on these financial statements based on my audits. I have not audited the financial statements of a certain subsidiary which were included in the consolidated financial statements and the financial statements of associated company which were used as a basis for accounting for the investment in associated company at the equity method had total assets of subsidiary and investment in associated company as at December 31, 2005 amounted to Baht 360.1 million (equivalent to 6.6 % of total assets), total revenues of subsidiary and share of loss in associated company for year ended December 31, 2005 amounted to Baht 69.5 million and Baht 0.7 million (equivalent to 1.3% and 0.01% of total revenues and equivalent to 28.7 % and 0.3 % of total net income) were audited by other auditors. In addition, the Company financial statements had investments in such subsidiary and associated company at the equity method as at December 31, 2005 amounted to Baht 60.1 million (equivalent to 1.2 % of total assets) and share of profits in subsidiary and share of loss associated company for the year ended December 31, 2005 amounted to Baht 5.8 million and Baht 0.7 million, respectively (equivalent to 0.1% and 0.01% of revenues and equivalent to 2.4 % and 0.3 % of net income) calculated based on the audited financial statements by other auditors. The financial statements of such subsidiary and associate company were audited by other auditors whose audit reports have been furnished to me, in so far as it relates to the amounts included for such subsidiary and associated company, are based solely upon the reports of other auditors. I conducted my audits in accordance with generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. I believe that my audits provide a reasonable basis for my opinion. In my opinion, base on my audits and the reports of other auditors, the financial statements referred to above present fairly, in all material respects, the financial position of Power Line Engineering Public Company Limited, Subsidiaries and Joint Ventures and of Power Line Engineering Public Company Limited as at December 31, 2005 and 2004, the results of their operations and their cash flows for the years then ended in conformity with generally accepted accounting principles.

(Mr. Vichai Jaturananda) Certified Public Accountant Registration No.1431 Ast Master Co., Ltd. March 1, 2006

85 Annual Report 2005

Balance Sheets POWER LINE ENGINEERING PUBLIC COMPANY LIMITED, SUBSIDIARIES AND JOINT VENTURES AS AT DECEMBER 31, 2005 AND 2004 In Baht Consolidated The Compnay Only ASSETS Notes 2005 2004 2005 2004 CUURET ASSETS Cash and cash equivalents Current investments Trade accounts receivable - net Related companies Other companies Unbilled completed works Short-term loans to and interest receivable from related persons and related companies - net Short-term loans to and interest receivable other companies Retention receivable Construction in progress Advance payment to subcontractors - net Other current assets Value added tax receivable Withhold income tax deducted at source Others Total Current Assets NON - CURRENT ASSETS Investments at equity method Investments in subsidiaries Investments in associate Investments in joint ventures Other long - term investments Investments in debt and equity securities Investments in properties - net Property, plant and equipment - net Goodwill - net Other non - current assets Fixed deposits pledged as collateral Land deposits Others Total Non - Current Assets TOTAL ASSETS

6 7

211,676,706 351,150,956

5.2,8 8 9

441,051,499 1,705,620,218 1,138,326,860

5.2

7,226,637

5,704,131

7,087,048

27,965,915

10 11 12 13

164,675,723 441,659,846 203,405,926 120,357,521

198,619,970 225,447,701 126,078,154

430,903,310 178,095,145 106,931,233

195,394,636 225,447,701 122,882,553

155,832,746 160,933,394

174,396,360 64,136,400

1,833,154 430,334,733 648,973,750 1,626,809,461 944,995,563 1,106,911,245

2,247,098 643,011,073 929,557,231

3,734,709 15,062,977 2,250,267 14,791,767 44,873,919 16,574,219 40,454,112 12,296,305 22,120,296 7,556,232 8,189,006 7,508,471 4,855,880,816 2,445,119,941 4,254,731,700 2,419,635,510

14 15 16

49,289,225 -

270,188,069 49,289,225 746,774

7,591,446 635,785

17 18 19 20

40,099,950 47,112,362 259,048,073 4,856,815

30,099,950 60,095,585 165,360,430 5,936,108

40,099,950 47,112,362 249,716,649 -

30,099,950 60,095,585 163,480,780 -

The accompanying notes are an integral part of these financial statements.

√“¬ß“πª√–®”ªï 2548 86

190,137,690 64,136,400

Balance Sheets (Continued) POWER LINE ENGINEERING PUBLIC COMPANY LIMITED, SUBSIDIARIES AND JOINT VENTURES AS AT DECEMBER 31, 2005 AND 2004 In Baht Consolidated The Compnay Only LIABILITIES AND SHAREHOLDERS没 EQUITY Notes 2005 2004 2005 2004 CURRENT LIABILITIES Short - term loans from financial institutions 22 550,680,410 221,324,779 550,680,410 221,324,779 Trade accounts payable - Related companies 5.2 3,710,086 9,944,693 1,426,086 11,203,521 - Other companie 521,621,570 785,647,448 464,367,338 782,051,355 Short - term loans and accrued interest expenses from related persons related companies 5.2 4,500,737 256,986 Short - term loans from other person 23 5,814,256 Current portion of liabilities under hire - purchase contracts 26 2,772,975 844,361 512,339 844,361 Unbilled cost of constructions 12 311,182,817 132,840,226 272,948,840 128,264,065 Retention payables 24 75,712,223 51,239,824 70,418,383 44,975,569 Advances received from customers 25 644,836,445 306,648,984 371,775,368 304,721,484 Income tax payable and accrued expenses 146,751,931 33,237,334 131,833,591 31,526,681 Other current liabilities 7,291,304 7,466,435 5,642,293 7,426,808 Total Current Liabilities 2,269,060,498 1,555,265,326 1,869,604,648 1,532,338,623 NON - CURRENT LIABILITIES Liabilities under hire - purchase contracts - net 26 1,058,045 200,047 401,348 200,047 Provision for liabilities of Joint Ventures - net 27 Total Non - Current Liabilities 1,058,045 200,047 401,348 200,047 Total Liabilities 2,270,118,543 1,555,465,373 1,870,005,996 1,532,538,670 SHAREHOLDERS - EQUITY Share Capital - Baht 1 Par Value 28 Authorized Shares 630,000,000 shares as at December 31, 2005 and 315,000,000 shares as at December 31, 2004 630,000,000 315,000,000 630,000,000 315,000,000 Issued and Paid - Up Shares 503,062,850 shares as at December 31, 2005 268,631,150 shares as at December 31, 2004 503,062,850 268,631,150 503,062,850 268,631,150 Premium on share capital 1,991,450,801 392,063,450 1,991,450,801 392,063,450 Cash receipt from share subscriptions 28 26,493,600 26,493,600 Retained earnings Appropriated for legal reserve 4,29 43,600,000 31,500,000 43,600,000 31,500,000 Unappropriated 605,176,837 526,907,249 605,176,837 526,907,249 Total Parent没s Shareholders - Equity 3,143,290,488 1,245,595,449 3,143,290,488 1,245,595,449 Minority Interest 13,408,070 2,146,255 Total Shareholders - Equity 3,156,698,558 1,247,741,704 3,143,290,488 1,245,595,449 TOTAL LIABILITIES AND SHAREHOLDERS - EQUITY5,426,817,1012,803,207,0775,013,296,484 2,778,134,119 The accompanying notes are an integral part of these financial statements. 87 Annual Report 2005

Statements of Income POWER LINE ENGINEERING PUBLIC COMPANY LIMITED, SUBSIDIARIES AND JOINT VENTURES FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004 In Baht Consolidated The Compnay Only Notes 2005 2004 2005 2004 REVENUES Service income Interest income Gain on exchange rate Negative goodwill recognised as income 20 Share of profit from investments in subsidiaried and joint ventures at equity method Other income Total Revenues

EXPENSES Cost of services Administrative expenses Doubtful accounts Loss on exchange rate Share of losses from in vestments in subsidiaries, associate and joint ventures at equity method Directorûs remuneration Total Expenses Income before interest expenses and income tax Interest expenses Income tax Income after income tax Minority interest in net (income) loss of subsidiaries Net income Earnings per share Basic earnings per share Diluted earnings per share

31 0.60 0.56

The accompanying notes are an integral part of these financial statements.

√“¬ß“πª√–®”ªï 2548 88

1.15 1.01

0.60 0.56

1.15 1.01

Statements of Changes in Shareholders没 Equity POWER LINE ENGINEERING PUBLIC COMPANY LIMITED, SUBSIDIARIES AND JOINT VENTURES FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004 Consolidated / In Baht Retained Earnings Issued and Premiun Cash Receipt Appropriated Paid-up on Share from Share for Legal Minority Notes Share Capital Capital Subscriptions Reserve Unappropriated Interest Total Balance as at January 1, 2004 210,365,750 217,267,250 56,131,600 21,036,575 339,833,184 - 844,634,359 Cash receipt from share subscriptions 28 203,423,600 203,423,600 Increase in share capital 28 58,265,400 174,796,200 (233,061,600) Dividends paid 30 (78,539,528) (78,539,528 Legal reserve Legal reserve before adjustment 5,826,540 (5,826,540) Adjustment for legal reserve 4 4,636,885 (4,636,885) Legal reserve after adjustment 29 10,463,425 (10,463,425) Net income 276,077,018 276,077,018 The effect from acquisition of investment in subsidiary 2,250,000 2,250,000 Minority interest in net loss of subsidiary (103,745) (103,745) Balance as at December 31, 2004 (After adjustment) 268,631,150 392,063,450 26,493,600 31,500,000 526,907,249 2,146,255 1,247,741,704 Balance as at January 1, 2005 (Before adjustment)

Adjustment for legal reserve Balance as at January 1, 2005 (After adjustment) Cash receipt from share subscriptions Increase in share capital Dividends paid Legal reserve Net income The effect from acquisition of investment in subsidiaries

Minority interest in net income of subsidiaries Balance as at December 31, 2005

28 28 30 29

268,631,150

392,063,450

26,493,600

26,863,115

531,544,134

4,636,885

(4,636,885)

268,631,150

392,063,450

26,493,600

31,500,000

526,907,249

1,807,325,451 234,431,700 1,599,387,351 (1,833,819,051) -

(151,497,748) 12,100,000 (12,100,000) 241,867,336

2,146,255 1,247,741,704 -

1,807,325,451 (151,497,748) 241,867,336

9,675,521

1,586,294

43,600,000

605,176,837

503,062,850 1,991,450,801

13,408,070 3,156,698,558

The accompanying notes are an integral part of these financial statements. 89 Annual Report 2005

Statements of Changes in Shareholdersû Equity (Continued) POWER LINE ENGINEERING PUBLIC COMPANY LIMITED, SUBSIDIARIES AND JOINT VENTURES FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004 The Company Only / In Baht Retained Earning Issued and Premiun Cash Receipt Appropriated Paid-up on Share from Share for Legal Notes Share Capital Capital Subscriptions Reserve Unappropriated Balance as at January 1, 2004 Cash receipt from share subscriptions Increase in share capital Dividends paid Legal reserve Legal reserve before adjustment Adjustment Legal reserve after adjustment Net income Balance as at December 31, 2004 (After adjustment) Balance as at January 1, 2005 (Before adjustment) Adjustment for legal reserve Balance as at January 1, 2005 (After adjustment) Cash receipt from share subscriptions Increase in share capital Dividends paid Legal reserve Net income Balance as at December 31, 2005

28 28 30

4 29

28 28 30 29

210,365,750 58,265,400 -

217,267,250 56,131,600 203,423,600 174,796,200 (233,061,600) -

21,036,575 -

339,833,184 844,634,359 203,423,600 (78,539,528) (78,539,528)

5,826,540 4,636,885 10,463,425 -

(5,826,540) (4,636,885) (10,463,425) 276,077,018 276,077,018

268,631,150

392,063,450

26,493,600

31,500,000

526,907,249 1,245,595,449

268,631,150 -

392,063,450 -

26,493,600 -

26,863,115 1,245,595,449 4,636,885 (4,636,885)

268,631,150 392,063,450 26,493,600 1,807,325,451 234,431,700 1,599,387,351 (1,833,819,051) 503,062,850 1,991,450,801 -

The accompanying notes are an integral part of these financial statements.

√“¬ß“πª√–®”ªï 2548 90

Total

31,500,000 526,907,249 1,245,595,449 1,807,325,451 (151,497,748) (151,497,748) 12,100,000 (12,100,000) 241,867,336 241,867,33 43,600,000 605,176,837 3,143,290,488

Statements of Cash Flows Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ POWER LINE ENGINEERING PUBLIC COMPANY LIMITED, SUBSIDIARIESß∫· ¥ß°“√‡ª≈’ AND JOINT VENTURES FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004 In Baht Consolidated The Compnay Only 2005 2004 2005 2004 CASH FLOWS FROM OPERATING ACTIVITIES Net income 241,867,336 276,077,018 241,867,336 276,077,018 Adjustments to reconcile net income to net cash used in operating activities : Depreciation 29,709,935 20,734,789 27,381,914 18,996,116 Amortization of software (322,044) (322,044) Doubtful accounts 112,518,287 1,750,988 110,877,974 1,188,919 Loss on imprament of investment in properties 12,197,000 12,197,000 Unrealized gain on current investment valuation (2,707,700) (1,167,512) (767,423) (1,167,512) Gain on disposal of current investments (7,077,420) (61,403) (6,513,370) (61,403) Withhold income tax deducted at source written - off 114,152 581,141 581,141 Negative Goodwill recognized as income (2,425,521) Amortization of goodwill 1,079,293 1,079,293 Unrealized (gain)loss on foreign exchange rate (6,223,728) 146,802 (5,514,998) (17,850) (Gain)Loss on disposal of fixed assets (839,718) (279,630) 179,853 (279,630) Currency translation differences 4,676,041 4,676,041 Share of profits from investments in subsidiaries and joint ventures at equity method (19,037,747) (591,956) Share of losses from investments in subsidiaries joint ventures and associates at equity method 710,775 2,873,162 8,016,902 Minority interest in net gain (loss) of subsidiaries 1,586,294 (103,745) Income before changes in operating assets and liabilities 384,862,982 298,757,741 367,897,698 302,741,745 Decrease (Increase) in operational assets Trade accounts receivable - related companies (519,216,259) (1,600,478) (508,085,549) (1,871,964) Trade accounts receivable - other companies (1,087,414,850) (386,525,™949) (1,014,063,590) (398,513,998) Unbilled completed works (193,331,297) (500,053,291) (177,354,014) (492,426,868) Retention receivables (240,874,017) (63,522,317) (235,451,127) (76,291,649) Construction in progress 22,041,775 (207,108,830) 47,352,556 (212,796,176) Advance payment to subcontractors 10,607,107 (100,954,082) 15,951,320 (110,774,680) Value added tax receivable 11,328,268 (15,010,481) 12,541,500 (14,791,767) Withhold income tax deducted at source (28,148,901) 245,570 (28,157,807) 826,035 Other current assets (14,346,070) (2,641,034) (680,535) (2,637,025) Other non - current assets (22,478,931) (15,382,458) (1,987,522) (15,325,220) Increase (Decrease) in Operating Liabilities Trade accounts payable - related companies (6,234,607) 6,429,836 (9,777,435) 6,338,226 Trade accounts payable - other companies (264,151,977) 422,357,673 (317,684,017) 419,757,963 Unbilled cost of constructions 178,342,591 42,046,517 144,684,775 41,718,079 Retention payables 24,472,399 33,959,894 25,442,814 35,066,818 Advances received from customers 330,860,245 77,416,910 67,053,884 82,592,226 Income tax payable and accrued expenses 109,138,992 15,524,914 100,306,910 14,644,997 Other current liabilities (958,828) (12,013,193) (1,784,515) (11,503,446) Net Cash Used in Operating Activities (1,305,501,378) (408,073,058) (1,513,794,654) (433,246,704) 91 Annual Report 2005

Statements of Cash Flows (Continued) POWER LINE ENGINEERING PUBLIC COMPANY LIMITED, SUBSIDIARIES AND JOINT VENTURES FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004 In Baht Consolidated The Compnay Only 2005 2004 2005 2004 CASH FLOWS FROM INVESTING ACTIVITIES (Increase) Decrease Current investments (Trading) Increase in investments in debt securities Decrease in Short-term loans to and interest receivable from related companies Increase in Short-term loans to and interest receivable other company Cash paid for investment in subsidiary Cash paid for acquisition of subsidiary, net of cash acquired (supplement disclosure of cash flows information) Cash paid for investment acquisition of subsidiary Cash paid for investment acquisition of associate Cash received from disposal investment in properties Cash paid for purchase of equipment (supplement disclosure of cash flows information) Proceeds from disposal of equipment Decrease in fixed deposits pledged as collateral Net Cash Used in Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Increase in short - term loans from financial institutions Increase in short - term loans and accrued interest expenses from related persons related Companies Decrease in short - term loans from other person Increase in cash receipt from share subscriptions Proceeds from issue of share capital Dividends paid Cash received for share from minority interest Net Cash Provided by Financing Activities Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents, Beginning of years Currency translation differences - cash Cash and Cash Equivalents, End of years

√“¬ß“πª√–®”ªï 2548 92

(277,229,436) (10,000,000)

50,221,315 -

(89,516,201) (10,000,000)

50,221,315 -

5,744,901

10,923,289

22,799,724

35,872,355

(164,675,723) -

(242,750,000)

(1,666,413) (50,000,000) 786,223

(5,000,000) (50,000,000) 786,223

(2,750,000) -

(120,116,761) 1,477,695 (40,822,822) (656,502,336)

(82,550,550) 349,406 (47,779,025) (68,835,565)

(114,148,014) 219,657 (2,507,126) (490,115,737)

(82,512,260) 349,406 (47,779,025) (46,598,209)

326,897,141

180,195,429

329,296,268

180,195,429

256,986 26,493,600 176,930,000 1,807,325,451 (78,539,528) (151,497,748) 2,250,000 307,586,487 1,985,123,971 (169,322,136) (18,786,420) 359,168,440 174,396,360 291,386 222,806 190,137,690 155,832,746

26,493,600 176,930,000 (78,539,528) 305,079,501 (174,765,412) 348,882,277 279,495 174,396,360

4,243,751 (5,814,256) 1,807,325,451 (151,497,748) 2,250,000 1,983,404,339 21,400,625 190,137,690 138,391 211,676,706

Statements of Cash Flows (Continued) POWER LINE ENGINEERING PUBLIC COMPANY LIMITED, SUBSIDIARIES AND JOINT VENTURES FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004 In Baht Consolidated The Compnay Only 2005 2004 2005 2004 Supplement information for cash flows 1. Cash paid during the years for : Interest expenses Income tax

29,257,903 107,703,587

2. The detail of cash paid for purchase of equipment is as follow : Additions during the years 120,689,350 Decrease (increase) in liabilities under hire purchase agreements (572,589) Cash paid for purchase of equipment 120,116,761

4,280,041 108,452,081

29,512,007 100,864,000

4,280,041 107,187,565

83,218,691

114,017,293

83,180,401

(668,141) 82,550,550

130,721 114,148,014

(668,141) 82,512,260 ∫“∑

3. Cash paid for acquisition of subsidiary During June 2005, the company has acquired the business of subsidiary. The book value of net assets as at acquisition date was as follow : Cash and cash from financial institutions Short-term loans to from related persons and companies Retention receivable Advance payment to projects Withhold income tax deducted at source Other current assets Equipment - net Fixed deposits pledged as collateral Other non - current assets Overdrafts and short - term loans from financial institutions Trade accounts payable Advances received from customers Income tax payable and accrued expenses Liabilities under hire - purchase contracts Other non - current liabilities Book value of net assets acquired

3,333,587 7,267,407 2,169,851 5,165,702 264,951 218,107 3,346,205 10,201,000 110,000 (2,399,128) (126,099) (7,327,216) (4,375,605) (2,214,023) (783,697) 14,851,042

Less Cash and cash equivalents of subsidiary at acquisition date Negative goodwill Minority interest at acquisition date Cash paid for acquisition of subsidiary, net of cash acquired

(3,333,587) (2,425,521 (7,425,521) 1,666,413

The accompanying notes are an integral part of these financial statements. 93 Annual Report 2005

Notes to Financial Statements 1. GENERAL INFORMATION Power Line Engineering Public Company Limited was a public company limited and was listed on the Stock Exchange of Thailand in 2002. The Company, Subsidiaries and Joint Ventures are engaged in services in the installation of electrical, communication, air condition, sanitary, fire protection, construction system, power electric and power steam supplies. The Companyûs address of its registered office is 2, Soi Sukhumvit 81 (Siripoj), Sukhumvit Road, Bangjark, Prakanong, Bangkok.

2. BASIS FOR FINANCIAL STATEMENTS AND CONSOLIDATED FINANCIAL STATEMENTS 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 under the Accounting Profession Act B.E. 2547, and the financial reporting requirements of the Securities and Exchange Commission under the Securities and Exchange Act B.E. 2535. The financial statements of a certain subsidiary were included in the consolidated financial statements and the financial statements of associated company were used as a basis for accounting for the investment in associated company at the equity method had total assets of subsidiary and investment in associated company as at December 31, 2005 amounted to Baht 360.1 million (equivalent to 6.6% of total assets), total revenues of subsidiary and share of loss in associated company for year ended December 31, 2005 amounted to Baht 69.5 million and Baht 0.7 million (equivalent to 1.3% and 0.01% of total revenues and equivalent to 28.7% and 0.3% of total net income) were audited by other auditors. In addition, the Company financial statements had investments in such subsidiary and associated company at the equity method as at December 31, 2005 amounted to Baht 60.1 million (equivalent to 1.2% of total assets) and share of profits in subsidiary and share of loss associated company for the year ended December 31, 2005 amounted to Baht 5.8 million and Baht 0.7 million, respectively (equivalent to 0.1% and 0.01% of revenues and equivalent to 2.4% and 0.3% of net income) calculated based on the audited financial statements by other auditors. 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. The consolidated financial statements included the account of Subsidiaries and Joint Ventures that the Company being influence over the control are as follows : Percentage of Holding by Company or Percentage of Share of Profit in joint Venture Company Name Nature of Business 2005 2004 Subsidiary Unima Engineering Co.,Ltd. Construction Services 99.99 99.99 Power Prospect Co.,Ltd. Power electric and power steam supplies 55 55 Techner Co.,Ltd. Construction Services 50 Proportion in Joint Ventures Pioneer Telecom International Co.,Ltd. Sales and installation of construction, 75 75 and Power Line Engineering Co.,Ltd. Joint Venture electrical and communication system PLE & S.T.T Joint Venture Installation underground telephone duct & cable 50 50 PLE & Y.K.T Joint Venture Installation underground telephone duct & cable 50 50 Joint Venture of Powerline Engineering Public Co., Ltd. Installation High Voltage underground cable 50 50 and Italthai Engineering Co., Ltd.

√“¬ß“πª√–®”ªï 2548 94

Significant intercompany transactions with Subsidiary and Joint Ventures in the consolidated financial statements have been eliminated. ë During 2004, The Company invested in share capital of Power Prospect Co., Ltd. amounting to Baht 2.75 million. ë During 2005, The Company invested in share capital of Techner Co., Ltd. amounting to Baht 5 million. In addition, Unima Engineering Co., Ltd. increased its authorized share capital amount 240 million from Baht 60 million to Baht 300 million. The increased share capitals had been purchased by the Company and the Company invested in share capital of Power Prospect Co., Ltd. amounting to Baht 2.75 million. ë On September 14, 2005, the Company had entered in Memorandum of Understanding with its accounts receivable, Bumrungmuang Plaza Company Limited to take the temporary control in operation and management of such company until June 30, 2006. The control was made in order that the account receivable would be able to repay outstanding debt. The Company has not included the financial position and the results of operations of Bumrungmuang Plaza Company Limited in the Consolidated financial statements for the period from September 14, 2005 to December 31, 2005 because the control is intended to be temporary and the Company will give the controls back when all outstanding debt is fully paid off. çThe Companyé represents çPower Line Engineering Public Company Limited,é while çThe Groupé represents çPower Line Engineering Public Company Limitedé, the above subsidiaries and joint ventures.

3. SIGNIFICANT ACCOUNTING POLICIES 3.1 The Group Accounting - Investments in subsidiaries and associate and interests in joint ventures (1) Subsidiaries Subsidiaries, which are those entities in which the Company has power to govern the financial and operating policies, are consolidated. Subsidiaries are consolidated from the date on which control is transferred to the Company and are no longer consolidated from the date that control ceases. The purchase method of accounting is used to account for the acquisition of subsidiaries. The cost of an acquisition is measured as the fair value of the assets given up, shares issued or liabilities undertaken at the date of acquisition plus costs directly attributable to the acquisition. The excess of the cost of acquisition over the fair value of the net assets of the subsidiary acquired is recorded as goodwill. See Note 3.7 for the accounting policy on goodwill. In the Companyûs separate financial statements, investments in subsidiaries are reported by using the equity method of accounting. A list of the Companyûs principal subsidiaries is set out in Note 5. (2) Associate Investments in associate company are undertakings in which The Company generally has between 20% and 50% of the voting rights, or over which The Company has significant influence, but which it does not control. Unrealized gains on transactions between The Company and its associate undertakings are eliminated to the extent of The Companyûs interest in the associate undertakings; unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. The Companyûs investment in associate undertakings includes goodwill on acquisition. Equity accounting is discontinued when the carrying amount of the investment in an associate undertaking reaches zero, unless The Company has incurred obligations or guaranteed obligations in respect of the associate undertaking. Investments in associates are reported by using the equity method of accounting in The Consolidated and Company financial statements. A list of the Companyûs principal associates is set out in Note 5. (3) Joint Ventures The Companyûs interests in jointly controlled entities are accounted for by proportionate consolidation in the consolidated financial statements. The Company combines its share of the joint venturesû individual income and expenses, assets and liabilities and cash flows on a line-by-line basis with similar items in the Groupûs financial statements. The Company recognizes the portion of gains or losses on the sale of assets by the Company to the joint venture that it is attributable to the other ventures. The Company does not recognizes its share of profits or losses from the joint venture that result from the purchase of assets by the Company from the joint venture until it resells the assets to an independent party. However, if a loss on the transaction provides evidence of a reduction in the net realizable value of current assets or an impairment loss, the loss is recognised immediately. Interests in joint ventures are reported by using the equity method of accounting in The Consolidated and Company financial statements. A list of the Companyûs principal joint ventures is set out in Note 5. 95 Annual Report 2005

3.2 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. 3.3 Cash and cash equivalents Cash and cash equivalents include cash on hand and cash deposits at financial institutions. The Group maintain cash on hand for general use. Cash deposits at financial institutions, including short - term saving deposits, are highly liquid investments that are readily convertible to known amounts with original maturities of three (3) months or less and that are subject to an insignificant risk of change in value. Cash deposits at financial institutions that are restricted in use are presented as çFixed deposits pledged as collateralé as part of other non-current assets in the balance sheets. 3.4 Trade accounts receivable Trade accounts receivable are carried at original invoice amount less allowance for doubtful receivables based on a review of all outstanding amounts at the year end. The amount of the allowance is the difference between the carrying amount of the receivable and the amount expected to be collectible. Bad debts are written off during the year in which they are identified. 3.5 Property, plant and equipment Property, plant and equipment are initially recorded at cost. All assets, except for land, are stated at historical cost less accumulated depreciation. Depreciation of plant and equipment is calculated on the straight line method over their estimated useful lives are as follows : No. of Years Buildings 20 Machinery and equipment 5 Fixtures and office equipment 3-7 Vehicles 5-7 When assets are sold or retired, the Company, Subsidiary and Joint Ventures will eliminated their costs and accumulated depreciation from the accounts and any gain or loss resulting from their disposal is included in the statements of income. 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. Repairs and maintenance are charged to the income statement during the financial period in which they are incurred. The cost of major renovations is included in the carrying amount of the asset when it is probable that future economic benefits in excess of the originally assessed standard of performance of the existing asset will flow to the Company. Major renovations are depreciated over the remaining useful life of the related asset. Interest costs on borrowings to finance the construction of property, plant and equipment are capitalized as part of cost of the asset, during the period of time required to complete and prepare the property for its intended use. The borrowing costs include interest on long-term borrowing net of amortization of related deferred financial cost. Gains and losses on disposals are determined by comparing proceeds with the carrying amount and are included in operating profit 3.6 Impairment of assets Property, plant and equipment and other non-financial assets, and intangible assets are reviewed for impairment losses whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carrying amount of the assets exceeds its recoverable amount which is the higher of an assetûs net selling price and value in use. For the purposes of assessing impairment, assets are grouped at the lowest level for which there is separately identifiable cash flows (cash-generating units). Non-financial assets that suffered impairment are reviewed for possible reversal of the impairment at each reporting date.

√“¬ß“πª√–®”ªï 2548 96

3.7 Goodwill and negative goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of the Company没s investment proportionate in net assets of the acquired subsidiary and associate undertaking at the date of acquisition. Goodwill on acquisitions is presented in the consolidated balance sheets as non-current assets and is amortized by using the straight-line method over its estimated useful lives 10 years. Negative goodwill represents the excess of the fair value of the Company没s share of the net assets acquired over the cost of acquisition. Negative goodwill is presented in the same balance sheet classifications as goodwill. To the extent that negative goodwill relates to expectations of future losses and expenses that are identified in the Company没s plan for the acquisition and to the extent that these can be measured reliably, but which do not represent identifiable liabilities, that portion of negative goodwill is recognised in the statement of income when the future losses and expenses are recognised. Any remaining negative goodwill, not exceeding the fair values of the non-monetary assets acquired, is recognised in the statement of income over the remaining weighted average useful life of those assets; negative goodwill in excess of the fair values of those assets is recognised in the statement of income immediately. 3.8 Investments Investments other than investments in subsidiaries, associates and interests in joint ventures are classified into the following four categories: trading, held-to-maturity, available-for-sale and general investments. The classification is dependent on the purpose for which the investments were acquired. Management determines the appropriate classification of its investments at the time of the purchase and re-evaluates such designation on a regular basis. 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; for the purpose of these financial statements short term is defined as three months. 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, except for maturities within 12 months from the balance sheet date which are classified as 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; and 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. Investments in non-marketable equity securities are classified as general investments. Purchases and sales of investments are recognised on the trade date, which is the date that the Group commits to purchase or sell the investments. Trading and available-for-sale investments are subsequently carried at fair value. Held-tomaturity investments are carried at amortised cost using the effective yield method. Realised and unrealised gains and losses arising from changes in the fair value of trading investments are included in the income statement in the period in which they arise. Unrealised gain and losses arising from changes in the fair value of investments classified as available-for-sale are recognised in equity. The fair value of investments are based on quoted bid price by reference to the Stock Exchange of Thailand and the Thai Bond Dealing Center. When investments classified as available-for-sale are sold or impaired, the accumulated fair value adjustments are included in the income statement as gains and losses from investment in securities. Trading investments are traded in active markets and valued at market value at the close of business on the balance sheet date by reference to the Stock Exchange of Thailand quoted bid price. In the statement of income, the unrealised gains and losses of trading investments are recognised in the other income. General investments 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没s holding of a particular investment in debt or equity securities, the carrying amount of the disposed part is determined by the weight average carrying amount of the total holding of the investment. 97 Annual Report 2005

3.9 Income and cost recognition The Group recognised revenues from construction contracts under the percentage-of-completion method. Full provision is made for losses on unprofitable contracts as soon as losses can be foreseen. Revenues recognised to date in excess of amounts billed are classified in balance sheets under the caption of çUnbilled completed worké. Costs incurred in construction include direct materials, direct labor and construction overheads. General and administrative expenses are charged to the statements of income as incurred. The recognised cost of services which has not yet been due for payment as per contracts has been shown under the caption of çUnbilled cost of constructioné in the balance sheets. Costs incurred in the year in connection with future activity on a contract are excluded and shown as work in progress. 3.10 Leases Leases of assets which substantially transfer all the risks and rewards of ownership 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 so as to achieve a constant periodic rate of interest on the remaining balance of the liability for each period. The property, plant or equipment acquired under finance leases is depreciated over the shorter of the useful life of the asset or the lease term. Leases not transferring a significant portion of the risks and rewards of ownership to the lessee are classified as operating leases. Payments made under operating leases (net of any incentives received from the lessor) are charged to the statement of income on a straight-line basis over the period of the lease. 3.11 Foreign currency translation Foreign currency transactions are translated into Thai Baht using the exchange rates prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currency are translated to Thai Baht at the exchange rate prevailing at the balance sheet date. Gains and losses resulting from the settlement of foreign currency transactions and from the translation of monetary assets and liabilities denominated in foreign currencies, are recognised in the statement of income. 3.12 Translation of foreign currency financial statements The financial statements of a subsidiary in foreign country have been prepared in the currency of the countries in where it is domiciled. For consolidation purposes, these financial statements in foreign country have been translated into Baht by the average exchange rates of the Bank at the balance sheet dates. Gain (loss) on translation is presented as çCurrency translation differencesé under the income or expense in statements of income. 3.13 Income tax The Group records income tax based on the actual amount currently payable according to the Revenue Code. 3.14 Basic earnings per share Basic earnings per share is determined based on by dividing the net income and consolidated net income by the weighted average number of common shares which issued and paid up during the years. 3.15 Diluted earnings per share Diluted earnings per share is calculated by dividing net income for the years after adjusting the effects of all transactions relating to dilutive potential common shares by the weighted average number of common shares to be issued for conversion of all dilutive potential common shares into common shares.

√“¬ß“πª√–®”ªï 2548 98

3.16 Financial instruments Financial assets carried on the balance sheet include cash and cash equivalents, current investments, trade accounts receivable, unbilled completed works, other accounts receivable and short-term loans to related and other companies. Financial liabilities carried on the balance sheet include trade account payable, unbilled cost of constructions, liabilities under hire-purchase contracts, retention payable and loans from financial institutions. The particular recognition methods adopted are disclosed in the individual policy statements associated with each item. The Company did not adopt any derivative strategies to manage the fluctuation of foreign currency and interest rates. 3.17 Related parties 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. 3.18 Provisions Provisions are recognised when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and a reliable estimate of the amount can be made. Where the Group expects a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognised as a separate asset but only when the reimbursement is virtually certain.

4. ADJUSTMENT The Company made adjustment for prior year error from under recording legal reserve. The adjustment, which has been accounted for retrospectively, are made in order to appropriate legal reserve to reach 10% of the authorized share capital. The effects of the adjustment caused the retain earning as at January 1, 2005 to decrease by Baht 4,636,885 and legal reserve to increase by the same amount. The adjustment has been approved by the Shareholdes没 meeting on April 8, 2005.

5. TRANSECTION WITH PERSON AND RELATED COMPANIES The Group have certain transactions with their person and related companies. A portion of assets, liabilities, revenues and expenses arose from transactions with said person and related companies. These person and related companies are related through common shareholding and/or directorships. The effects of these transactions are reflected in the accompanying financial statements on the bases mutually considered by the companies concerned, with persons and related company with other entities, normal course of business.

99 Annual Report 2005

5.1 Relationships and pricing policies The relationship and pricing policies among the Group and related companies are as follows : Relationships Subsidiaries : Unima Engineering Co., Ltd. Power Prospect Co., Ltd. Techner Co., Ltd. Joint Ventures : Pioneer Telecom international Co., Ltd. And Power Line Engineering Co.,Ltd. Joint Venture PLE and S.T.T. Joint Venture PLE and Y.K.T. Joint Venture Joint Venture of Powerline Engineering Public Co., Ltd. and Italthai Engineering Co., Ltd. Associated Company : Today Asset (Thailand) Co., Ltd. Related Companies : Prospack Co., Ltd. Flamtechnic Co., Ltd. Prostar (Thailand) Co., Ltd. United Power Engineering Co., Ltd. Integrate Enterprise Co., Ltd. Sukhothai Enterprise Co., Ltd. Advance Power Technology Co., Ltd. Rattanakosin Enterprise Co., Ltd. Bamrung Maung Plaza Co.,Ltd. Pioneer Telecom International Co.,Ltd. Srithai Telecom Co., Ltd. Yukonthon Communication Co., Ltd. Italthai Engineering Co., Ltd. Related Persons : Jajaval Suyanan Phisant Chintanapakdee Somsak Kuptamathee Pricing Policies for the Related Parties : Service Income Other Income Cost of Services Selling and Administrative Expenses Loan to Loan from Guarantee

√“¬ß“πª√–®”ªï 2548 100

Shareholding, and Directorship Shareholding, and Directorship Shareholding, and Directorship Partnership, and Directorship Partnership, and Directorship Partnership, and Directorship Partnership, and Directorship

Shareholding, and Directorship Common shareholder, and Directorship Directorship Directorship Directorship Directorship Directorship Directorship Directorship Directorship with subsidiary Partnership Partnership Partnership Partnership Subsidiaryûs Director Director Director Pricing Policy

At normal business prices, as same as other entities At normal business prices, as same as other entities At normal business prices, as same as other entities At normal business prices, as same as other entities Approximate to the Companyûs cost of debt or under the negotiated term At market interest rates or under negotiated term No fee charged

5.2 Balances of transactions with Related Persons and Companies Balances of transactions with related persons and companies as at December 31, 2005 and 2004 are as follows : In Baht Consolidated The Company Only 2005 2004 2005 2004 Trade accounts receivable Unima Engineering Co., Ltd. 270,244 283,228 Power Prospect Co., Ltd. 5,100 Joint Venture of Powerline Engineering Public Co., Ltd. and Italthai Engineering Co., Ltd. 1,000,000 2,000,000 Pioneer Telecom International Co., Ltd. And Power Line Engineering Co.,Ltd. Joint Venture 165,910 43,572 663,640 174,288 Flamtechnic Co., Ltd. 121,405 80,937 121,405 80,937 Prostar (Thailand) Co., Ltd. 18,360 12,240 18,360 12,240 United Power Engineering Co., Ltd. 152,108 1,651,405 152,108 1,651,405 Advance Power Technology Co., Ltd. 45,000 45,000 Bamrung Muang Plaza Co., Ltd. 507,101,790 507,101,790 Today Asset (Thailand) Co., Ltd. 12,489,840 Total 521,049,413 1,833,154 510,332,647 2,247,098 Less Allowance for Doubtful Account (Note 8) (79,997,914) (79,997,914) Trade Accounts Receivable - Related Companies- Net 441,051,499 1,833,154 430,334,733 2,247,098 Retention receivable Today Asset (Thailand) Co.,Ltd.

3,388,363

Unbilled completed works PLE and S.T.T. Joint Venture Bamrung Muang Plaza Co., Ltd. Today Asset (Thailand) Co., Ltd. Total

2,507,373 68,622,502 4,025,252 75,155,127

Short-term loans to and interest receivable Principal ĂŤ Unima Engineering Co., Ltd. Interest Rate (%) p.a. Balance, beginning of years Add : Increase during the years (Foreign Currencies in USD 60,000 ) Less : Decrease during the years Balance, end of years (2004 : Foreign Currencies in USD 60,000 )

634,870 634,870

5,014,746 68,622,502 73,637,248

1,269,741 1,269,741

5-7 21,352,150

5-7 11,371,158

13,597,147 (34,949,297) -

15,995,652 (6,014,660) 21,352,150

101 Annual Report 2005

In Baht Consolidated 2005 2004 Short-term loans to and interest receivable ë Pioneer Telecom International Co.,Ltd. and Power Line Engineering Co.,Ltd. Joint venture Interest Rate (%) p.a. Balance, beginning of years Less : Decrease during the years Balance, end of years ë Joint Venture of Powerline Engineering Public Co., Ltd. and Italthai Engineering Co., Ltd. Interest Rate (%) p.a. Balance, beginning of years Add : Increase during the years Less : Decrease during the years Balance, end of years ë Bamrung Muang Plaza Co., Ltd. Interest Rate Balance, beginning of years Add : Increase during the years Balance, end of years ë Jajaval Suyanan Interest Rate (%) p.a. Balance, beginning of years Add : Increase during the years Less : Decrease during the years Balance, end of years Interest receivable Unima Engineering Co., Ltd. Pioneer Telecom International Co.,Ltd. And Power Line Engineering Co.,Ltd. Joint Venture Joint Venture of Powerline Engineering Public Co.,Ltd. and Italthai Engineering Co., Ltd. Bamrung Muang Plaza Co., Ltd. Jajaval Suyanan Total interest receivable Total short-term loans to and interest receivable Less Provision for Liabilities of Joint - Venturesû at equity method (Note 27) Net

√“¬ß“πª√–®”ªï 2548 102

The Company Only 2005 2004

2-7 10,250,000 (10,250,000) -

2-7 41,000,000 (41,000,000) -

12 1,550,000 3,800,000 (5,350,000) -

12 10,050 1,800,000 (260,050) 1,550,000

12 3,100,000 7,600,000 (10,700,000) -

12 20,100 3,600,000 (520,100) 3,100,000

8 3,000,000 3,000,000

6 6,900,000 (6,900,000) -

1,300,476

4,114,383

16,457,534

35,506 76,748 4,226,637 7,226,637

39,748 4,154,131 5,704,131

35,506 16,493,040 19,493,040

79,496 17,837,506 42,289,656

7,226,637

5,704,131

(12,405,992) 7,087,048

(14,323,741) 27,965,915

In Baht Consolidated 2005 2004 Advance payment ë Power Prospect Co., Ltd. ë PLE and S.T.T. Joint Venture Total Trade accounts payable Unima Engineering Co., Ltd. Flamtechnic Co., Ltd. Prostar (Thailand) Co., Ltd. United Power Engineering Co., Ltd. talthai Engineering Co., Ltd. Total Unbilled cost of constructions Today Asset (Thailand) Co., Ltd. Short-term loans and accrued interest expenses Short-term loans ë Italthai Engineering Co., Ltd. Interest Rate (%) p.a. Balance, beginning of years Add : Increase during the years Less : Decrease during the years Balance, end of years ë Jajaval Suyanan Interest Rate (%) p.a. Balance, beginning of years Add : Increase during the years Less : Decrease during the years Balance, end of years ë Phisant Chintanapakdee Interest Rate (%) p.a. Balance, beginning of years Add : Increase during the years Less : Decrease during the years Balance, end of years ë Somsak Kuptamathee Interest Rate (%) p.a. Balance, beginning of years Add : Increase during the years Less : Decrease during the years Balance, end of years Accrued interest expenses ë Italthai Engineering Co., Ltd. ë Jajaval Suyanan Total accrued interest Total Shot - term loans and accrued interest expenses

The Company Only 2005 2004

45,014 45,014

12,514 12,514

90,028 90,028

55,720 25,028 80,748

2,710,086 1,000,000 3,710,086

9,662,827 65,891 215,975 9,944,693

1,426,086 1,426,086

1,258,828 9,662,827 65,891 215,975 11,203,521

12,532,427

12 250,000 (250,000) -

12 250,000 250,000

6 5,710,000 (1,250,000) 4,460,000

7 3,300,000 (3,300,000) -

7 1,700,000 (1,700,000) -

40,737 40,737

6,986

256,986

4,500,737

6,986

103 Annual Report 2005

5.3 Revenues and Costs Revenues and cost between the Company with related persons and companies for the years ended December 31, 2005 and 2004 are as follows : In Baht Consolidated The Company Only 2005 2004 2005 2004 Service income Unima Engineering Co., Ltd. Pioneer Telecom International Co.,Ltd. and Power Line Engineering Co.,Ltd. Joint Venture PLE & S.T.T Joint Venture PLE & Y.K.T Joint Venture Flamtechnic Co., Ltd. United Power Engineering Co., Ltd. Bamrung Muang Plaza Co.,Ltd. Today Asset (Thailand) Co.,Ltd. Total Interest income Unima Engineering Co., Ltd. Pioneer Telecom International Co.,Ltd. and Power Line Engineering Co.,Ltd. Joint Venture Joint Venture of Powerline Engineering Public Co., Ltd. and Italthai Engineering Co., Ltd. Bamrung Muang Plaza Co.,Ltd. Jajaval Suyanan Total Other income Unima Engineering Co., Ltd. Joint Venture of Powerline Engineering Public Co., Ltd. and Italthai Engineering Co., Ltd. Power Prospect Co., Ltd. Flamtechnic Co., Ltd. Prostar (Thailand) Co., Ltd. United Power Engineering Co., Ltd. Total Cost of services Flamtechnic Co., Ltd. United Power Engineering Co., Ltd. Total

√“¬ß“πª√–®”ªï 2548 104

1,946,902 13,000,000 168,115,498 71,792,513 245,854,913

374,830 277,370 445,302 7,000,000 3,824,800 11,922,302

240,050 35,507 76,747 352,304

234,500 39,748 274,248

1,045,904

3,893,805 13,000,000 168,115,498 186,055,207

749,660 554,741 890,604 7,000,000 3,824,800 13,019,805

455,911

968,510

938,000

480,099 35,507 971,517

79,496 1,986,006

6,000

11,926

1,262,577 532,696 77,848 661,112 2,534,233

524,973 78,355 655,612 1,258,940

2,525,154 61,200 532,696 77,848 661,112 3,864,010

524,973 78,355 655,612 1,270,866

22,017,110 2,267,877 24,284,987

17,533,006 24,195,601 41,728,607

20,817,110 2,267,877 23,084,987

17,533,006 24,195,601 41,728,607

In Baht

Selling and administrative expenses Unima Engineering Co., Ltd. talthai Engineering Co., Ltd. Flamtechnic Co., Ltd. Prostar (Thailand) Co., Ltd. Total Interest expenses Italthai Engineering Co., Ltd. Jajaval Suyanan Phisant Chintanapakdee Somsak Kuptamathee Total

Consolidated 2005 2004

The Company Only 2005 2004

1,000,000 891,842 297,137 2,188,979

710,363 384,607 1,094,970

2,493,843 891,842 297,137 3,682,822

4,785,728 710,363 384,607 5,880,698

14,055 40,737 51,986 26,781 133,559

6,986

6. CASH AND CASH EQUIVALENTS In Baht Interest rate (%) per annum 2005 2004 Cash on hand Regular checking accounts Deposits at call Fixed deposits Total

0.25 - 1.00 0.50 - 1.50

Consolidated 2005 2004 3,348,505 52,419,676 143,684,590 12,223,935 211,676,706

The Company Only 2005 2004

119,235 116,100,856 73,316,529 601,070 190,137,690

3,333,505 41,187,145 111,088,162 223,934 155,832,746

99,235 107,207,576 66,488,479 601,070 174,396,360

7. SHORT - TERM INVESTMENT In Baht Consolidated 2005 2004 Short - Term Investment Trading Securities SCB Asset Management Add : Unrealized gain on investment valuation Total

348,443,256 2,707,700 351,150,956

62,968,888 1,167,512 64,136,400

The Company Only 2005 2004 160,165,971 767,423 160,933,394

62,968,888 1,167,512 64,136,400

105 Annual Report 2005

TRADE ACCOUNTS RECEIVABLE - NET In Baht

Trade Accounts Receivable Subsidiaries, Associate and Joint Ventures (Notes 5.1 and 5.2) Classified by their ages : Over due within one to three months Over due within four to six months Over due within seven to twelve months Over twelve months Total Trade Accounts Receivable Subsidiaries, Associate and Joint Ventures Related Companies (Notes 5.1 and 5.2) Classified by their ages : Over due within one to three months Over due within four to six months Over due within seven to twelve months Over twelve months Total Trade Accounts Receivable - Related Companies Less Allowance for Doubtful Accounts - Related Company Trade Accounts Receivable - Related Companies - Net Trade Accounts Receivable - Subsidiaries, Associate Joint Ventures and Related Companies - Net Other Companies Classified by their ages : Over due within one to three months Over due within four to six months Over due within seven to twelve months Over twelve months Total Trade Accounts Receivable - Other Companies Post-Dated Cheques Received Total Less Allowance for Doubtful Accounts - Other Companies Trade Accounts Receivable -Other Companies - Net

√“¬ß“πª√–®”ªï 2548 106

Consolidated 2005 2004

The Company Only 2005 2004

12,450 34,888 1,096,786 21,786

43,572 -

146,131 318,565 2,387,144 87,144

270,473 128,617 58,426 -

1,165,910

43,572

2,938,984

457,516

98,049,496 58,106,315 159,030,917 204,696,775 519,883,503 (79,997,914) 439,885,589

1,744,582 45,000 1,789,582 1,789,582

85,559,656 58,106,315 159,030,917 204,696,775 507,393,663 (79,997,914) 427,395,749

1,744,582 45,000 1,789,582 1,789,582

441,051,499

1,833,154

430,334,733

2,247,098

412,689,845 52,960,628 138,209,390 48,289,160 652,149,023 20,908,552 673,057,575 (30,046,502) 643,011,073

726,757,251 412,299,939 440,035,967 173,443,519 1,752,536,676 16,495,327 1,769,032,003 (63,411,785) 1,705,620,218

As at December 31, 2005, the Company has two trade accounts receivable, who have trouble in repayment, as follows: 1. Trade account receivable - Bumrung Muang Plaza Company Limited (Related company) As at December 31, 2005, there is outstanding debts as follows : Baht Trade account receivable 507,101,790 Unbilled completed work 68,622,502 Total 575,724,292 Less Allowance for Doubtful Account (79,997,914) Net 495,726,378 Classified by their ages : Baht Over due within one to three months 85,267,783 Over due within four to six months 58,106,315 Over due within seven to twelve months 159,030,917 Over twelve months 204,696,775 Total Trade Accounts Receivable - Bumrung Muang Plaza Company Limited 507,101,790 On September 14, 2005, the Company had entered into Memorandum of Understanding with the debtor to take the temporary control over its operation and management. The Company will take over the construction and management of its current project. The control will take place until the completion of the project on June 30, 2006.The control will be returned to the debtor, when the outstanding debt is expected to be fully paid off. Besides, regarding to the Memorandum of Understanding, the Company entities to receive the management fee of Baht 150 million. 2. Trade account receivable - Phuket Square Company Limited As at December 31, 2005, there is outstanding debts as follows : Baht Trade account receivable 448,427,360 Unbilled completed work 5,237,659 Retention receivable 66,979,500 Less : Advances received (56,502,325) Total 464,142,194 Less : Allowance for Doubtful Account (9,586,417) Net 454,555,777 Classified by their ages : Baht Over due within one to three months 6,498,000 Over due within four to six months 24,688,818 Over due within seven to twelve months 321,376,369 Over twelve months 95,864,173 Total Trade Accounts Receivable - Phuket Square Company Limited 448,427,360 At the present, Phuket Square Company Limited is in the process under rehabilitation plan to the Central Bankruptcy Court. On December 29, 2005, the rehabilitation plan, that is approved by creditors and is in the request process to the Central Bankruptcy Court, mentioned that the debtor has to increase in capital at the first time amounting of Baht 750 million in order to complete its project and be ready to launch in the first half year 2006. And the debtor will repay all debts including the interest by installments within one year. The Company没s management has studied the probability of debts repayment from the above two trade accounts receivable and believes that the Company can get all debts repayment from the above trade accounts receivable. However, the Company has set up the allowance for doubtful accounts for these two debtors based on the Company没s allowance for doubtful account policy. 107 Annual Report 2005

9. UNBILLED COMPLETED WORKS In Baht Consolidated 2005 2004 Contract value 34,833,288,755 Recognition of service income - Recognition of service income up to beginning of years 5,993,703,819 - Recognition of service income during the years 5,248,696,023 Total recognition of service income 11,242,399,842 Less Progress billings (10,104,072,982) Unbilled completed works 1,138,326,860

The Company Only 2005 2004

13,221,926,746 32,057,496,709 12,668,867,644 4,575,068,628 4,214,875,345 8,789,943,973 (7,844,948,410) 944,995,563

5,933,020,914 4,992,175,386 10,925,196,300 (9,818,285,055) 1,106,911,245

4,221,810,426 4,170,688,893 8,392,499,319 (7,462,942,088) 929,557,231

10. SHORT - TERM LOANS AND INTEREST RECEIVABLE - OTHER COMPANIES In Baht Consolidated 2005 2004 Loan to Apex Concrete Tech Co., Ltd. Interest Rate (%) p.a. Balance, beginning of years Add : Increase during the years Less : Decrease during the years Balance, end of years P.jaroanvised Partnership Limited Interest Rate (%) p.a. Balance, beginning of years Add : Increase during the years Balance, end of years Interest Receivable Apex Concrete Tech Co., Ltd. P.jaroanvised Partnership Limited Total Total Shot - term loans and interest receivable

The Company Only 2005 2004

5-7 182,000,000 (22,000,000) 160,000,000

6 12,000,000 (12,000,000) -

6.75 1,400,000 1,400,000

3,275,205 518 3,275,723 164,675,723

11. RETENTION RECEIVABLES Retention receivables are money withheld by the customers at the rates ranging from 5% to 10% of each contract of amount billed by the Group at the time of customerûs payment. The retention money shall be refunded to the Group upon the completion of the project stipulated in the contracts.

√“¬ß“πª√–®”ªï 2548 108

12. CONSTRUCTION IN PROGRESS In Baht Consolidated 2005 2004 Cost of services - Billed cost of constructions up to end of years - Unbilled cost of constructions Total cost of services Less Recognition of cost of services - Recognition of cost of services up to beginning of years - Recognition of cost of services during the years Total recognition of cost of services Construction in progress

The Company Only 2005 2004

13. ADVANCE PAYMENT TO SUBCONTRACTORS - NET In Baht Consolidated 2005 2004 120,636,749 126,078,154 (279,228) 120,357,521 126,078,154

Advance payment Less Allowance for Doubtful Accounts Net

The Company Only 2005 2004 106,931,233 122,882,553 106,931,233 122,882,553

14. INVESTMENTS IN SUBSIDIARIES - AT EQUITY METHOD Paid-Up Capital Proportion of (Million Baht) Share Holding 2005 2004 (%) Unima Engineering Co.,Ltd. (Construction services) 300 Power Prospect Co.,Ltd. (Power Electric and power steam Supply) 10 Techner Co., Ltd. (Construction services) 10 Total

In Baht The Company Only 2005

2004

At Cost

At Equity

At Cost

At Equity

99.99

245,000,000

256,195,206

5,000,000

4,968,246

55.00

5,500,000

3,216,362

2,750,000

2,623,200

50.00

5,000,000 255,500,000

10,776,501 270,188,069

7,750,000

7,591,446

15. INVESTMENT IN ASSOCIATED COMPANY - AT EQUITY METHOD Paid-Up Proportion of Capital Share Holding (Million Baht) (%) Today Asset (Thailand) Co.,Ltd. (Rental Leasing and Property Trading)

250

20.00

In Baht Consolidated and The Company Only 2005 2004 At Cost At Equity At Cost At Equity 50,000,000

49,289,225

On June 7, 2005, The Company invests in share capital of Today Asset (Thailand) Co., Ltd. amounting to Baht 50 million (500,000 share at the price of Baht 100 per share).

109 Annual Report 2005

16. INVESTMENTS IN JOINT VENTURES Joint Venturesû assets and liabilities in the Consolidated financial statements as at December 31, 2005 and 2004 revenues in the Consolidated statements of income for December 31, 2005 and 2004 are as follows : In Baht 2005 2004 Proportion in Joint Ventures PLE & S.T.T. Joint Venture 50% 50% PLE & Y.K.T. joint Venture 50% 50% Joint Venture of Powerline Engineering Public Co., Ltd. and Italthai Engineering Co., Ltd. 50% 50% The Company Only Investments in Joint Ventures 746,774 635,785 Consolidated Balance sheets Current Assets 5,583,651 8,743,357 Current Liabilities 1,284,490 5,870,440 Statements of income Revenues 14,462,095 7,336,564

17. INVESTMENTS IN DEBT AND EQUITY SECURITIES In Baht Consolidated 2005 2004 Investment in debt security ë The Siam Cement Public Company Limited (interest at 3.25% to 4.50 % per annum) 40,000,000 Investment in equity security ë Thai Electrical & Mechanical Contractors Co., Ltd. (1,999 Shares) 99,950 Total 40,099,950

The Company Only 2005 2004

30,000,000

40,000,000

30,000,000

99,950 30,099,950

99,950 40,099,950

99,950 30,099,950

The Company has pledged debt security as collateral to finance institutions as discussed in note 22 to financial statements.

18. INVESTMENTS IN PROPERTY - NET In Baht

Land Condominium Total Less Provision for impairment of assets Net

Consolidated 2005 2004 74,518,340 74,518,340 2,987,362 3,773,585 77,505,702 78,291,925 (30,393,340) (18,196,340) 47,112,362 60,095,585

The Company Only 2005 2004 74,518,340 74,518,340 2,987,362 3,773,585 77,505,702 78,291,925 (30,393,340) (18,196,340) 47,112,362 60,095,585

Such land with net book value of Baht 44.13 million (2004 : Baht 56.32 million) are mortgaged as collateral for loans from finance institutions as discussed in note 22 to financial statements.

√“¬ß“πª√–®”ªï 2548 110

19. PROPERTY, PLANT AND EQUIPMENT - NET

Land As at December 31, 2004 Cost 36,940,783 Less Accumulated Depreciation Net book amount 36,940,783 For the year ended December 31,2005 Net book value, Beginning of year 36,940,783 Net book value transferred from acquired subsidiary Add Acquisitions 81,897,025 Less Disposals Depreciation Net book value, Ending of year 118,837,808 As at December 31, 2005 Cost 118,837,808 Less Accumulated Depreciation Net book value 118,837,808

Buildings

Consolidated / In Baht Machinery Fixtures and and office Equipment Equipment Vehicles

52,856,350 (11,343,199) 41,513,151

82,772,572 (20,827,928) 61,944,644

39,417,145 (22,629,528) 16,787,617

14,842,825 (6,668,590) 8,174,235

26,829,675 61,469,245) 65,360,430

41,513,151

61,944,644

16,787,617

8,174,235

65,360,430

(2,642,818) 38,870,333

15,006,168 (246,731) (17,138,720) 59,565,361

179,477 12,044,563 (162,345) (6,940,440) 21,908,872

3,166,728 9,037,904 (228,901) (2,987,957) 17,162,009

2,703,690 2,703,690

3,346,205 20,689,350 (637,977) 29,709,935) 59,048,073

52,856,350 (13,986,017) 38,870,333

90,968,076 (31,402,715) 59,565,361

50,490,451 (28,581,579) 21,908,872

26,437,484 (9,275,475) 17,162,009

2,703,690 2,703,690

42,293,859 83,245,786) 59,048,073

Land As at December 31, 2004 Cost Less Accumulated Depreciation Net book amount For the year ended December 31,2005 Net book value, Beginning of year Add acquisitions Less Disposals Depreciation Net book value, Ending of year As at December 31, 2005 Cost Less Accumulated Depreciation Net book value

Buildings under Construction

The Company Only / In Baht Machinery Fixtures and and office Buildings Equipment Equipment Vehicles

Total

36,940,783 36,940,783

52,856,350 (11,343,199) 41,513,151

74,300,390 (14,161,587) 60,138,803

39,181,425 (22,467,617) 16,713,808

14,842,825 (6,668,590) 8,174,235

18,121,773 54,640,993) 63,480,780

36,940,783 81,897,025 118,837,808

41,513,151 (2,642,818) 38,870,333

60,138,803 14,772,918 (8,264) (15,663,809) 59,239,648

16,713,808 10,592,946 (162,345) (6,611,911) 20,532,498

8,174,235 6,754,404 (228,901) (2,463,376) 12,236,362

63,480,780 14,017,293 (399,510) 27,381,914) 49,716,649

118,837,808 118,837,808

52,856,350 (13,986,017) 38,870,333

89,062,644 (29,822,996) 59,239,648

48,623,637 (28,091,139) 20,532,498

20,987,256 30,367,695 (8,750,894) 80,651,046) 12,236,362 249,716,649

Such land and buildings with net book value amounted to Baht 75.81 million (2004 : Baht 78.45 million) are mortgaged collateral of credit facilities to financial institutions as discussed in note 22 to financial statements.

111 Annual Report 2005

20. GOODWILL - NET Baht Goodwill 7,015,401 (1,079,293) 5,936,108 (1,079,293) 4,856,815 4,856,815

Negative goodwill (2,425,521) (2,425,521) 2,425,521 -

As at January 1, 2004 Less amortization during for the year 2004 Net value as at December 31, 2004 Negative goodwill arise from investment in subsidiary Less amortization during for the year 2005 Negative goodwill recognised as income Net value as at December 31, 2005

Net 7,015,401 (1,079,293) 5,936,108 (2,425,521) (1,079,293) 2,431,294 2,425,521 4,856,815

21. FIXED DEPOSITS PLEDGED AS COLLATERAL As at December 31, 2005 and 2004, fixed deposits amounted to Baht 124.51 million and Baht 73.49 million, respectively for the Consolidated financial statement and amount to Baht 76.00 million and Baht 73.49 million, respectively for the Company financial statements, was pledged as collateral of credit facilities to financial institutions as discussed in note 22 to financial statements.

22. ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π Interest rate (%) per annum 2005 2004 Short - term loans form financial institutions Trust receipts Bill of exchanges Promissory notes Short term loans Total

2.85 - 4.40 4.25 - 7.75 7.00

4.50 - 6.00 3.25 - 4.23 -

In Baht Consolidated 2005 2004

128,523,079 340,253,835 81,903,496 550,680,410

The Company Only 2005 2004

1,324,779 220,000,000 221,324,779

128,523,079 340,253,835 81,903,496 550,680,4101

1,324,779 220,000,000 221,324,779

As at December 31, 2005 and 2004 the Company has the overdraft and short - term loan facilities with several domestic finance institutions. Such credit facilities are shared with its subsidiaries, with credit line of Baht 1,164.2 million and USD 35.9 million equivalent to Thai Baht 1,478.2 million (2004 : Baht 1,282.4 million and US Dollar 10.5 million equivalent to Thai Baht 411.63 million). Such credit facilities are guaranteed by land, buildings, investments in properties, investment in debt securities and fixed deposits and the as discussed in notes 17, 18, 19 and 21 to financial statements and also guaranteed by the Companyûs directors and by transferring the right to collect revenues of certain projects.

23. SHORT-TERM LOAN FROM OTHER PERSON In Baht Consolidated 2005 2004 Other person Balance, beginning of years Less : Decrease during the years Balance, end of years Short - term loan this no interest charge.

√“¬ß“πª√–®”ªï 2548 112

5,814,256 (5,814,256) -

5,814,256 5,814,256

The Company Only 2005 2004 -

24. RETENTION PAYABLES The Group withheld retention money from the contractors as security for their work performance, at the rates ranging from of 5% to 20% of the contractors没 billings. The retention money shall be refunded to the contractors upon the completion of works and whenever the contractors do not infringe upon the conditions set forth in the agreements.

25. ADVANCES RECEIVED FROM CUSTOMERS Advances received from customers represent cash advances from customers at the rate ranging from of 5% to 20% of total contracted amount or total goods price. These advances are applied as part of each customer没s payment.

26. LIABILITIES UNDER HIRE - PURCHASE CONTRACTS - NET In Baht Consolidated 2005 2004 4,077,545 1,221,262 (246,525) (176,854) 3,831,020 1,044,408

The Company Only 2005 2004 1,042,082 1,221,262 (128,395) (176,854) 913,687 1,044,408

Liabilities under hire-purchase contracts Less : Deferred interest Total Less : Current portion of liabilities under hire-purchase contracts (2,772,975) (844,361) (512,339) (844,361) Net 1,058,045 200,047 401,348 200,047 The ownership of the assets under hire purchase contracts will be transferred to the Company when the last installment is paid.

27. PROVISION FOR LIABILITIES OF JOINT VENTURES没 AT EQUITY METHOD Joint Venture没s assets and liabilities in the consolidated financial statements as at December 31, 2005 and 2004 and revenues in the consolidated statements of income for the years ended December 31, 2005 and 2004 are as follows : In Baht 2005 2004 Proportion in Joint Ventures Pioneer Telecom International Co.,Ltd. and Power Line Engineering Co.,Ltd.Joint Venture 75% 75% The Company Only Provision for liabilities of Joint Ventures 12,405,992 14,323,741 Less : Short-term loan to and interest receivable (Note 5.2) (12,405,992) (14,323,741) Total Consolidated Balance sheets Current Assets 4,261,589 3,177,556 Non-Current Assets 3,817,481 Current Liabilities 3,826,702 8,844,911 Statements of income Revenues 885,506 4,563,222

113 Annual Report 2005

28. SHARE CAPITAL, PREMIUM ON SHARE CAPITAL AND SHARE WARRANTS ë On September 26, 2003, 104,999,998 share warrants of the Company were approved to be traded in the Stock Exchange of Thailand and can be exercised in each quarter. The first and last exercise dates will be on September 30, 2003 and June 11, 2006, respectively. Units Share warrants 104,999,998 Warrants exercised As at September 30, 2003 (365,750) As at December 31, 2003 (14,032,900) As at March 31, 2004 (13,289,300) As at June 30, 2004 (1,245,700) As at September 30, 2004 (29,697,500) As at December 30, 2004 (6,623,400) As at March 31, 2005 (195,900) As at June 30, 2005 (59,100) As at September 30, 2005 (2,615,500) (68,125,050) Warrants had not been exercised 36,874,948 ë The Company recorded cash receipt from warrants exercise of Baht 26.49 million as at December 31, 2004 in the account çCash receipt from share subscriptionsé under shareholdersû equity. The Company registered the increase in paid-up share capital from such exercise with the Ministry of Commerce on January 12, 2005, common shares 6.62 million. The increase share capital was approved to be traded in Stock Exchange of Thailand on January 18, 2005. The increase capital from warrants exercises were issued above par value of common share which resulted the increasing of premium on share capital amounted to Baht 19.87 million. ë The Company recorded cash receipt from warrant exercise of Baht 0.78 million as at March 31, 2005 in the account çCash receipt from share subscriptionsé under shareholdersû equity. The Company registered the increase in paid-up share capital from such exercise with the Ministry of Commerce on April 5, 2005, common shares 0.19 million. The increase share capital was approved to be traded in Stock Exchange of Thailand on April 12, 2005. The increase capital from warrants exercise were issued above par value of common share which resulted the increasing of premium on share capital amounted to Baht 0.59 million. ë At the meeting held on February 22, 2005 the Board of Directors approved the increase of authorized share capital of 315 million shares at par value of Baht 1 per share (630 million shares at Baht 1 per share). This increase of share capital was approved in the shareholdersû meeting held on April 8, 2005 and the company registered the increase of share capital with the Ministry of Commerce on April 21, 2005. The increased share capitals have been sold from May 16, 2005 to May 20, 2005. Total share capital increasing from right offering was 222,578,639 shares (with a par value of Baht 8 per share). The Company registered such capital increase resulted from share warrant with the Ministry of Commerce on June 3, 2005. The increased share capital was approved to be traded in stock exchange of Thailand on June 8, 2005. The shares were sold at the price over their par value resulting in the increase in the premium on share capital of Baht 1,558.05 million. ë The Company recorded cash receipt from warrant exercise of Baht 0.24 million as at June 30, 2005 in the account çCash receipt from share subscriptionsé under shareholdersû equity. The Company registered the increase in paid-up share capital from such exercise with the Ministry of Commerce on July 6, 2005, common shares 0.07 million. The increase share capital was approved to be traded in Stock Exchange of Thailand on July 13, 2005. The increase capital from warrants exercise were issued above par value of common share which resulted the increasing of premium on share capital amounted to Baht 0.17 million. ë The Company had issued 1,901,704 common shares to a director (Private Placement) at the offering price of Baht 8 per share during August 16 17, 2005. The Company registered the increase in paid-up share capital from such exercise with the Ministry of Commerce on August 19, 2005. The increase share capital was approved to be traded in Stock Exchange of Thailand on August 24, 2005. The increase capital from private placement were issued above par value of common share which resulted the increasing of premium on share capital amounted to Baht 13.31 million.

√“¬ß“πª√–®”ªï 2548 114

ë The Company recorded cash receipt from warrant exercise of Baht 10.46 million as at September 30, 2005 in the account çCash receipt from share subscriptionsé under shareholdersû equity. The Company registered the increase in paid-up share capital from such exercise with the Ministry of Commerce on October 6, 2005, common shares 3.06 million. The increase share capital was approved to be traded in Stock Exchange of Thailand on October 14, 2005. The increase capital from warrants exercises were issued above par value of common share which resulted the increasing of premium on share capital amounted to Baht 7.40 million. ë At the extraordinary shareholdersû meeting held on December 29, 2005, the shareholder were approved the decrease in paid up share capital from Baht 630,000,000 (630,000,000 common shares with a par value of Baht 1 per share) to Baht 546,244,889 (546,244,889 common shares with a par value of Baht 1 per share). The Company registered with the ministry of commerce on January 31, 2006.

29. LEGAL RESERVE Under the provisions of the Limited Public Company Act B.E 2535, the Company is required to appropriate at least 5% of its annual net income after deduction of the deficit brought forward (if any) as reserve fund until the reserve reaches 10% of the authorized capital. This reserve fund is not available for dividend distribution. In 2005 and 2004, the Company has provided additional appropriated for legal reserve amounted to approximately Baht 12.1 million and Baht 10.5 million, respectively.

30. DIVIDENDS PAID At the meeting held on February 22, 2005, the Board of Directors approved the payment of dividends out of the net income for the year ended December 31, 2004 amounted to Baht 151.50 million (275,450,450 shares at Baht 0.55 per share). This dividend was approved in the shareholdersû meeting held on April 8, 2005. The Company has already paid such dividends to shareholders on May 6, 2005. At the meeting held on February 21, 2004, the Board of Directors approved the payment of dividends out of the net income for the year ended December 31, 2003 amounted to Baht 78.54 million (224,398,650 shares at Baht 0.35 per share). This dividend was approved in the shareholdersû meeting held on March 29, 2004. The Company has already paid such dividends to shareholders on April 28, 2004.

31. EARNINGS PER SHARE Net income (In Baht) 2005 Basic earnings per share Net income 241,867,336 Effect of dilutive potential Common shares Warrants Dilutes earnings per shares Income of Common Shareholders assuming The conversion of Dilutive potential Common shares 241,867,336

2004 276,077,018

276,077,018

Weighted average number of Common shares (Shares) 2005 2004 405,946,301

240,812,810

22,878,857

33,577,442

428,825,158

274,390,252

Earnings per share (In Baht) 2005

2004 0.60

1.15

0.56

1.01

115 Annual Report 2005

32. PROVIDENT FUND On September 1, 2002, the Company established a contributory registered provident fund in accordance with the Provident Fund Act. B.E. 2530. Under the provident fund, the Company contributes an amount equivalent to the employeesû contribution, which is 2% of their basic salary. The Company appointed a fund manager to manage the fund in accordance with the Provident Fund Act B.E. 2530, which was amended by the Provident Fund Act (No.2) B.E. 2542, under supervision of the Office of the Securities and Exchange Commission. In 2005 and 2004, the Companyûs contribution to the provident fund amounted to Baht 2.3 million and Baht 1.9 million, respectively.

33. SEGMENTATION The Group is organized into 2 business segments as follow : A : Installation of system B : Civil construction Moreover, the Group operates in 2 main geographical areas as follows : A. Thailand : This is the home country of the parent company which is also the main operating company. The business segments include in this geographical area are both installation of system and civil construction. B. Qatar : In this segment, the only predominant activity is installation of system. Revenues and expenses classified by segment for the years ended December 31, 2005 and 2004. Assets as at December 31, 2005 and 2004 are as follows : Unit : Thousand Baht Subsidiaries Eliminated Installatin of system Civil and Jointed InterThailand Qatar Total Construction Total Ventures Company Total For the year ended December 31, 2005 Service income 1,650,381 1,746,834 3,397,215 1,594,960 4,992,175 259,514 (2,993) 5,248,696 Cost of services (1,421,963) (1,544,015) (2,965,978) (1,367,649) (4,333,627) (209,588) 2,993 (4,540,222) Gross profit 228,418 202,819 431,237 227,311 658,548 49,926 708,474 Selling and administrative expenses (320,336) (38,793) 2,744 (356,385) Income from operating 338,212 11,133 2,744 352,089 Share of profit from investments at equity method 19,038 (19,038) Share of loss from investments at equity method (2,873) 2,162 (711) Interest income 4,097 2,499 (696) 5,900 Other income 33,733 10,450 (1,141) 43,042 Interest expenses (34,155) (1,133) 696 (34,592) Income tax (116,185) (6,090) (122,275) Income after income Tax 241,867 16,859 (15,272) 243,453 Loss attributable to minorities, net of income tax of subsidiaries (1,586) (1,586) Net income 241,867 16,859 (16,858) 241,867 Fixed assets - net as at December 31, 2005 249,717 9,331 259,048 Other Assets 4,763,579 674,530 (270,341) 5,167,769 Total Assets 5,013,296 683,861 (270,341) 5,426,817

√“¬ß“πª√–®”ªï 2548 116

Unit : Thousand Baht Installatin of system Civil Thailand Qatar Total Construction Total For the year ended December 31, 2004 Service income 2,653,501 14,035 2,667,536 1,503,153 4,170,689 Cost of services (2,266,094) (10,972) (2,277,066) (1,365,899) (3,642,965) Gross profit 387,407 3,063 390,470 137,254 527,724 Selling and administrative expenses (159,670) Income (loss) from operating 368,054 Share of profit from investments at equity method 592 Share of loss from investments at equity method (8,017) Interest income 5,293 Other income 9,652 Interest expenses (4,591) Income tax (94,906) Income (loss) after income Tax 276,077 Loss attributable to minorities, net of income tax of subsidiaries Net income (loss) 276,077 Fixed assets - net as at December 31, 2004 163,480 Other Assets 2,614,654 Total Assets 2,778,134

Subsidiaries Eliminated and Jointed InterVentures Company 45,284 (43,811) 1,473 (11,101) (9,628)

Total

(1,098) 4,214,875 1,098 (3,685,678) 529,197 3,706 (167,065) 3,706 362,132

(592)

16 5,392 (1,719) (510) (6,449)

8,017 (1,724) (4,786) 1,724 6,345

3,585 10,258 (4,586) (95,416) 275,973

(6,449)

104 6,449

104 276}077

1,880 50,122 52,002

(26,929) (26,929)

165,360 2,637,847 2,803,207

34. FINANCIAL INSTRUMENTS As at December 31, 2005, the Group are not engaged in the trading of any derivative financial instruments for speculative purposes. 34.1 Liquidity Risk Liquidity risk, or funding risk, is the risk that the Subsidiaries will encounter difficulty in raising funds to meet commitments associated with financial instruments. Liquidity risk may result from an inability to sell a financial asset quickly at close to its fair value. 34.2 Foreing Currency Risk and Risk management The Groups没 exposure to foreign currency risk almost relates to selling in foreign currency. The Group primarily utilizes forward exchange contracts to hedge exchange rate risk occasionally if its necessary. As at December 31, 2005, assets and liabilities of the Group which are not hedged as follows :

Trade accounts receivable Retention receivable

Currencies U.S. Dollar U.S. Dollar

Company 312,842 29,280

Subsidiary 318,111 -

117 Annual Report 2005

34.3 Interest Rate Risk and Risk Management Interest rate risk arises from the potential for future changes in the prevailing level of interest rates. The Companyûs exposures to interest rate risk relates to bank overdrafts and short-term loans from financial institutions. Since they are mainly short-term loans, consequently, interest rate risks do not significantly affect the Company. In addition, they can negotiate with the loan creditor for better loan settlement conditions or refinancing with any new creditors for lower interest rate, in order to mitigate any potential risks. 34.4 Credit Risk and Risk Management The Group are exposed to credit risks mainly relating to their trade accounts receivable. However, the management has policies to provide adequate allowances for any possible losses that might be incurred in connection with their receivables. 34.5 Fair Value of Financial Instruments Fair value is defined as the amount at which the instrument could be exchanged in a current transaction between knowledgeable willing parties in an armûs length transaction. Fair values are obtained from quoted market prices or discounted cash flow models or net assets as appropriate. The following methods and assumptions are used to estimate the fair value of each class of financial instruments: Cash and cash equivalents and trade accounts receivable; the carrying values approximate their fair values. Trade accounts payable; the fair value based on the carrying value in the balance sheets. Loans the carrying values approximate their fair values.

35. COMMITMENTS AND CONTINGENT LIABILITIES As at December 31, 2005 ë The Company has lawsuits with several companies for damage claimed amounting approximately Baht 45.77 million for the Companyûs defaulting on the condition of the agreements. The ultimate outcome cannot be determined at present. The Companyûs management is confident that the outcome of the case will be favorable to the Company, therefore, the Company has not made any provision for possible losses in the financial statements. ë The Company has letters of credit at non used as follows : Currencies Unit : Million Baht 35.80 U.S. Dollars 7.15 Euro 0.27 Qatar Riyals 36.97

ë the banks in favor collateral are as follows :

Bank Guarantees

Guaranteed By

√“¬ß“πª√–®”ªï 2548 118

Currencies Baht U.S. Dollars Qatar Riyals

Unit : Million Subsidiaries and Company Joint Ventures 2,966.33 383.86 0.07 40.45 Directors, debt Parent security and company Companyûs land and structures

Total 3,350.19 0.07 40.45

ë ë

Contingent liable for being guarantor of other company for the issued of bank guarantees, totaling of Baht 5.50 Million. Commitments regarding to the agreements for construction in progress are as follows : Unit : Million Subsidiaries and Currencies Company Joint Ventures Total Baht Qatar Riyals

20,417.40 61.69

2,493.37 -

22,910.77 61.69

The subsidiary has entered into the lease agreement for rental of building that has rental payment as follows : Year Unit : Million 2004 0.34 2005 1.36 2006 1.36 2007 1.24

The Subsidiary has entered the engineering consultant services agreement in the Biomass power plant construction with Electricity Generating Authority of Thailand which has the commitment to be paid in the amounting of Baht 10.75 million.

36. OTHERS ADDITIONAL INFORMATION The portion of cost of sales and selling and administrative expenses for the years ended December 31, 2005 and 2004 are as follows :

Depreciation (Baht) Staff cost (Baht) No. of staff as at December 31, (person)

Consolidated 2005 2004 29,709,935 20,734,789 467,156,939 307,014,315 1,554 2,510

The Company Only 2005 2004 27,381,914 18,996,116 435,818,854 299,912,453 1,427 2,495

37. RECLASSIFICATION OF ACCOUNTS Certain accounts in 2004 financial statements have been reclassified to conform with the 2005 financial statement presentation with no effect on previously reported net earnings or shareholderûs equity.

38. APPROVAL OF FINANCIAL STATEMENTS These Consolidated and Company financial statements have been approved by the board of directors of the Company.

119 Annual Report 2005