Pr 03 by Brother Roger

√“¬ß“πª√–®”ªï 2546 ANNUAL REPORT 2003

∫√‘ …— ∑ ‡æ√´‘‡ ¥π∑å ‰√´å ‚ª√¥—° å ®”°—¥ (¡À“™π) PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

®ÿ¥‡¥àπ„π√Õ∫ªï “√®“°§≥–°√√¡°“√ §≥–°√√¡°“√∫√‘…—∑ ‚§√ß √â“ß°“√∫√‘À“√ π‚¬∫“¬§ÿ≥¿“æ Õ“™’«Õπ“¡—¬ §«“¡ª≈Õ¥¿—¬ ‘Ëß·«¥≈âÕ¡ °“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’¢Õß∫√‘…—∑ ¿“«–‡»√…∞°‘®ªï 2546 ·≈– ·π«‚πâ¡ªï 2547 ¿“«–Õÿμ “À°√√¡‡ âπÀ¡’Ë ·≈–°ã«¬‡μ’Î¬«°÷Ëß ”‡√Á®√Ÿª ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘® §”Õ∏‘∫“¬·≈–°“√«‘‡§√“–Àå∞“π–°“√‡ß‘π ·≈–º≈°“√¥”‡π‘πß“π ∞“π–∑“ß°“√‡ß‘π Õ—μ√“ à«π∑“ß°“√‡ß‘π ªï 2546 «‘‡§√“–Àå Dupont °“√μ≈“¥„πªï 2546 °“√«‘®—¬·≈–æ—≤π“‡∑§‚π‚≈¬’ ªí®®—¬§«“¡‡ ’¬Ë ß “√®“°§≥–ºŸâ∫√‘À“√ √“¬ß“π§≥–°√√¡°“√μ√«® Õ∫ª√–®”ªï 2546 √“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ß∫¥ÿ≈·≈–À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π√«¡ °“√°√–®“¬°“√∂◊ÕÀÿâπμ“¡ª√–‡¿∑¢Õß∫ÿ§§≈∑’Ë∂◊Õ √“¬°“√√–À«à“ß°—π ¢âÕ¡Ÿ≈®”‡æ“– ∂‘μ‘ß∫°“√‡ß‘π ¥—™π’· ¥ß√“¬°“√μ“¡·∫∫·ºπ 56-2

2 3 4 5 8 10 22 24 26 29 32 33 34 36 38 39 40 41 43 44 87 88 89 90 91

“√∫—≠

Highlights of the year

Message from the Board of Directors

Board of Directors

Organization Chart

Quality Policy, Occupational Health, and Environmental Safety

Good Corporate Governance And Audits

Economic For 2003 and Economic Trend In 2004

Industrial Situation of the Instant White Noodle Products

Business Profile

Notes and Analysis to the Financial Position and Performance

Financial Status

Financial Ratio

Dupont Analysis (PR)

Marketing in 2003

Research and Development of Technology

Risk Factors

Message from the Management

Report from the Audit Committee for 2003

Auditorâ&#x20AC;&#x2122;s Report

Balance Sheet and Notes to Consolidated Financial Statements

CONTENTS

Type of Shareholders

Connection Items

Company Profile

Financial Statistics

Index of Report in Accordance

®ÿ¥‡¥àπ„π√Õ∫ªï 2546 2003

ß∫°“√‡ß‘π√«¡ ∞“π–°“√‡ß‘π (≈â“π∫“∑)

HIGHLIGHTS OF THE YEAR

2545 2002

2544 2001

2543 2000

2542 1999 CONSOLIDATED BALANCE SHEET FINANCIAL STATUS (MILLION BAHT)

4,789 291 5,407 3,862 1,545 5,407

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‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ■ ∑’Ë¥‘πÕ“§“√·≈–Õÿª°√≥å ■ ‘π∑√—æ¬å√«¡ ■ Àπ’ È π‘ √«¡ ■ à«π¢ÕßºŸâ∂◊ÕÀÿâπ ■ Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ

º≈ª√–°Õ∫°“√ (≈â“π∫“∑)

2,879 269 3,493 2,105 1,389 3,493

2,519 902 3,493 1,919 1,574 3,493

1,609 864 2,549 1,204 1,345 2,549

1,641 614 2,347 1,206 1,141 2,347

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Current Assets

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Land Buildings and Equipment

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Total Assets

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Total Liabilities

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Total Shareholders Equity

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Liabilities and Shareholders’ Equity

OPERATION (MILLION BAHT)

9,201 8,241 192

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√“¬‰¥â®“°°“√¢“¬ ■ μâπ∑ÿπ¢“¬ ■ °”‰√ ÿ∑∏‘

¢âÕ¡Ÿ≈μàÕÀÿâπ (∫“∑)

8,343 7,498 201

7,554 6,540 229

6,097 5,187 198

5,940 5,144 169

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Sales Revenues

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Cost of Goods Sold

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Net Profit

DATA PER SHARE (BAHT)

15.98 16.72 19.04 16.48 5.70 6.05 5.60 5.25 128.73 115.74 131.13 112.08

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°”‰√ ÿ∑∏‘μÕà Àÿπâ ■ ‡ß‘πªíπº≈μàÕÀÿâπ ■ ¡Ÿ≈§à“Àÿâπμ“¡∫—≠™’

Õ—μ√“º≈μÕ∫·∑π (%)

14.10 4.00 95.08

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Net Earnings Per Share

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Dividend Per Share

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Book Value Per Share

RATE OF RETURN (%)

2.08 12.41 3.55

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Õ—μ√“°”‰√ ÿ∑∏‘μàÕ√“¬‰¥â√«¡ ■ Õ—μ√“º≈μÕ∫·∑πμàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ ■ Õ—μ√“º≈μÕ∫·∑πμàÕ ‘π∑√—æ¬å√«¡

2.40 14.44 5.74

3.02 14.52 6.54

3.24 14.70 7.76

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Net Earnings Rate

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Return on Equity Rate

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Return on Assets Rate

5,407

(≈â“π∫“∑/ Million baht) 9,201

(≈â“π∫“∑/ Million baht)

2.80 14.83 7.21

240

4,800

210

4,200

180

3,600

5,500

150

3,000

4,400

120

2,400

3,300

1,800

600

2,200

1,200

400

1,100

600

200

0 2542 1999

2543 2000

2544 2001

2545 2002

2546 2003

1,545

1,389

1,600 1,400

3,493

1,345

3,493

1,141

1,800

1,200

2,549

2,347

229

8,343 201

198 169

6,097

5,940

7,700 6,600

7,554

8,800

1,574

5,400

192

270

9,900

1,000 800

0 2542 1999

2543 2000

2544 2001

2545 2002

2546 2003

√“¬‰¥â®“°°“√¢“¬

°”‰√ ÿ∑∏‘

‘π∑√—æ¬å√«¡

à«π¢ÕßºŸâ∂◊ÕÀÿâπ

Sales Revenues

Net Profit

Total Assets

Total Shareholder’s Equity

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

“√®“°§≥–°√√¡°“√

MESSAGE FROM THE BOARD OF DIRECTORS

➛ „π√Õ∫ªï 2546 ∑’Ëºà“π¡“¿“«–‡»√…∞°‘®‚≈°·≈–‡»√…∞°‘®¿“¬„π ª√–‡∑»¡’Õ—μ√“°“√‡μ‘∫‚μ¥’ ·≈– ”À√—∫¿“«–‡»√…∞°‘®„πª√–‡∑»∑’Ë¡’ °“√¢¬“¬μ— « ·≈–¡’ ‡ ∂’ ¬ √¿“æ∑“ß‡»√…∞°‘ ® „Àâ ‡ ÀÁ π ‰¥â Õ ¬à “ ß™— ¥ ‡®π ‚¥¬¡’Õ—μ√“°“√‡μ‘∫‚μ¢Õß‡»√…∞°‘®∂÷ß√âÕ¬≈– 6.3 ·≈–§“¥°“√≥å«à“®– ‡æ‘Ë¡ Ÿß¢÷Èπ‡ªìπ√âÕ¬≈– 7.0 „πªï 2547 Õ¬à“ß‰√°Áμ“¡ ”À√—∫Õÿμ “À°√√¡ ∫–À¡’Ë°÷Ëß ”‡√Á®√Ÿª¡’Õ—μ√“°“√‡μ‘∫‚μ‡æ’¬ß 0.7% ‡∑à“π—Èπ ´÷Ëß‰¡à‡ªìπ‰ª„π ∑‘»∑“ß‡¥’¬«°—π°—∫Õ—μ√“°“√‡μ‘∫‚μ¢Õß‡»√…∞°‘®„πª√–‡∑» ªí®®—¬∑’Ë àß º≈°√–∑∫¥—ß°≈à“«‰¥â·°à Õ—μ√“°“√∫√‘‚¿§ ‘π§â“ª√–‡¿∑π’È§àÕπ¢â“ßÕ‘Ë¡μ—« ·≈– —¥ à«π°“√„™â®à“¬„π§√—«‡√◊Õπ∑’Ë‡ª≈’Ë¬π‰ª ‚¥¬ºŸâ∫√‘‚¿§‰¥âÀ—π¡“„™â ®à“¬¥â“πÕ◊ËπÊ ¡“°¢÷Èπ ‡™àπ ¥â“π ◊ËÕ “√ §«“¡∫—π‡∑‘ß·≈– ‘π§â“§ß∑π ‡ªìπμâπ ‚¥¬‡©æ“–μ≈“¥‡ âπ¢“«°÷Ëß ”‡√Á®√Ÿª∑’Ë‡ªìπμ≈“¥ ‘π§â“°≈ÿà¡ ‡¥’¬«°—π°—∫∫–À¡’Ë°Ë÷ß ”‡√Á®√Ÿª¬—ß§ß≈¥≈ß®“°ªï°àÕπ ‡π◊ËÕß¥â«¬μ≈Õ¥ √–¬–‡«≈“ 3 ªï∑’Ëºà“π¡“ ¡’°“√·¢àß¢—π°—πÕ¬à“ß√ÿπ·√ß„π√–À«à“ßºŸâº≈‘μ ∫–À¡’Ë°÷Ëß ”‡√Á®√Ÿª ¡’°“√„™âß∫ª√–¡“≥°“√‚¶…≥“·≈– àß‡ √‘¡°“√¢“¬ ‡ªìπ®”π«π‡ß‘π¡“° ∑”„Àâ —¥ à«π°“√¢“¬¢Õß‡ âπ¢“«„πÕÿμ “À°√√¡ À¥μ— « ≈ß ¥â « ¬¡’ ß ∫ª√–¡“≥‡æ◊Ë Õ °‘ ® °√√¡¥— ß °≈à “ «πâ Õ ¬ ”À√— ∫ º≈ ª√–°Õ∫°“√‚¥¬√«¡¢Õß∫√‘…—∑œ „πªï 2546 ¡’º≈°”‰√ ÿ∑∏‘ 191.77 ≈â“π∫“∑ ≈¥≈ß®“°ªï°àÕπ§‘¥‡ªìπÕ—μ√“√âÕ¬≈– 4.41 ´÷Ëß°“√≈¥≈ß‡ªìπº≈ ‚¥¬μ√ß®“°¬Õ¥¢“¬‡©æ“–∫√‘…—∑œ ‚¥¬≈¥≈ß®“°ªï°àÕπ§‘¥‡ªìπÕ—μ√“ √âÕ¬≈– 8.08 ∂÷ß·¡â«à“„πªï∑’Ëºà“π¡“∫√‘…—∑œ ‰¥â „™âß∫ª√–¡“≥ à«πÀπ÷Ëß „π°“√ àß‡ ‘√¡°“√¢“¬‡æ◊ËÕ∑’Ë®–º≈—°¥—π·≈–°√–μÿâπ¬Õ¥¢“¬°Áμ“¡ ➛ §≥–°√√¡°“√∫√‘…—∑œ ‰¥âμ√–Àπ—°¥’∂÷ß¿“«–°“√·¢àß¢—π∑“ß°“√ μ≈“¥∑’ËºŸâ∫√‘‚¿§¡’«‘∂’„π°“√∫√‘‚¿§∑’Ë‡ª≈’Ë¬π‰ª μ≈Õ¥®π∂÷ßæƒμ‘°√√¡°“√ „™â®à“¬„π§√—«‡√◊Õπ∑’Ë‡ª≈’Ë¬π‰ª ∑’ËÕ“®‡ªìπ “‡ÀμÿÀπ÷Ëß∑’Ë∑”„Àâ∫√‘…—∑œ ‰¥â √—∫º≈°√–∑∫„π°“√¥”‡π‘πß“π ∫√‘…—∑œ ®÷ß‰¥â°”Àπ¥π‚¬∫“¬∑’Ë‡ªìπ‰ª ‰¥â „π‡™‘ßªØ‘∫—μ‡æ◊ËÕ„™â‡ªìπ°≈¬ÿ∑∏å ”À√—∫ªï 2547 ¥—ßπ’È √â“ß§«“¡·¢Áß·°√àß„Àâ·°à∏ÿ√°‘® „™âπ‚¬∫“¬ª√– ‘∑∏‘¿“æ‡æ◊ËÕ ‡æ‘Ë¡º≈º≈‘μ ´÷Ëß°àÕ„Àâ‡°‘¥μâπ∑ÿπ∑’Ë “¡“√∂·¢àß¢—π‰¥â ‡æ‘Ë¡¡Ÿ≈§à“„Àâº≈‘μ¿—≥±å‚¥¬π«—μ°√√¡„À¡àÊ ‡æ◊ËÕμÕ∫ πÕß æƒμ‘°√√¡¢ÕßºŸâ∫√‘‚¿§ «‘®—¬·≈–æ—≤π“°√–∫«π°“√º≈‘μ„Àâ∑—π ¡—¬ μ“¡¡“μ√∞“π “°≈ ‡æ◊ËÕ≈¥¡“μ√°“√°“√°’¥°—π∑“ß°“√§â“ ➛ ∑â“¬∑’Ë ÿ¥§≥–°√√¡°“√∫√‘…—∑œ ¢Õ¢Õ∫æ√–§ÿ≥∑ÿ°∑à“π∑’Ë¡’ à«π ‡°’Ë¬«¢âÕß·≈–„Àâ°“√ π—∫ πÿπº≈‘μ¿—≥±å∫√‘…—∑œ ¥â«¬¥’μ≈Õ¥¡“ μ≈Õ¥ ∑—ÈßºŸâ∂◊ÕÀÿâπ ·≈–æπ—°ß“π∑ÿ°∑à“π∑’Ë ‰¥â∑ÿà¡‡∑∑”ß“π ‡æ◊ËÕ„Àâ “¡“√∂øíπΩÉ“ Õÿª √√§·≈–¡’ ‚Õ°“ ª√– ∫§«“¡ ”‡√Á®√à«¡°—πμ≈Õ¥‰ª ■

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π“¬æ‘æ—≤ æ–‡π’¬ß‡«∑¬å ª√–∏“π°√√¡°“√

➛

Treading through 2003, the world economics and the Thai economics were enjoying the better situation of improved growth rate. Thailand has obviously witnessed a significant expansion and stability of economics with a 6.3 percent growth rate and a would-be 7.0 percent in 2004. However, the industry of instant noodle products has seen a mere 0.7 percent growth, contrary to the country’s economic direction. The causes to such effect are, for instances, the rather saturated consumption of this kind of instant foods and the changing pattern of household expending where consumers tend to expend more in other spheres such as communication, entertainment and durable goods. The white noodle product group has seen all the more decrease in growth in the general decline of the whole market for instant noodle goods, which have been continued from the previous year. The downturn seems to have stemmed from the highly intense competitions among manufacturers as cumulative for the past 3 years. There has been a great number of expenditures in advertising and hard sales in the industry which has inevitably put off the growth for the white noodle segment who has smaller budget for advertising and hard sales activities. Our company’s total performance in 2003 generated net earnings of 191.77 millions baht less than the previous year by 4.41 percent. The decrease is a direct result from the drop in the company’s own sales revenue which fell from the previous year by 8.08 percent, despite that the company had already spent some budget on hard sales promotion in an attempt to push and spur sales turnover during the year. ➛ The Board of Directors is well aware of the intense competition in the market whilst consumers are steadily changing their consumption preference and readjusting their household spending behavior which would also make another unfavorable factor to impact on the company’s performance. In order to cope with this situation, it is only practical to form and carry out an urgent policy with feasibility profile to be implemented as our 2004 business strategy as follows: ■ Strengthening our business by employing the efficiency-for-productivity policy which will provide a competitive production cost. ■ Adding value to the products by means of innovations so as to answer to the changing preference of consumers. ■ Research and development of production process with the latest technology and complying to the international standards so as to overcome the international trade hindrances. ➛ Last but not least, our Board of Directors would like to express our sincere thanks to our supporters and all those who participate in supporting our company and our products for all those past years, as well as to our shareholders, and our employees who have dedicated their efforts by all means so that our business, together with all of you, shall be thriving on any obstacles and succeeding well in the future.

MR. PIPAT PANIANGVAIT CHAIRMAN

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

§≥–°√√¡°“√∫√‘…—∑

BOARD OF DIRECTORS

π“¬‰°√¬ß ∏π¬ßæ‘∫Ÿ≈

π“¬æ‘æ—≤ æ–‡π’¬ß‡«∑¬å

MR. KRAIYONG TANAYONGPIBUL

MR. PIPAT PANIANGVAIT

ª√–∏“π°√√¡°“√ MBA ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å μ”·Àπàßªí®®ÿ∫—π °√√¡°“√ºŸâÕ”π«¬°“√ ∫√‘…∑— ‰∑¬‡æ√´‘‡¥π∑åø¥Ÿ å ®”°—¥ (¡À“™π) ª√–∏“π°√√¡°“√ ∫√‘…—∑ ‡æ√´‘‡¥π∑å Õ–°√‘ ‡∑√¥¥‘Èß ®”°—¥ ∫√‘…∑— ‡æ√´‘‡¥π∑å‡∫‡°Õ√’Ë ®”°—¥ (¡À“™π) ∫√‘…—∑ ‰¥Õ‘™‘ ·æ§‡°®®‘Èß ®”°—¥ ∫√‘…—∑ ¬“¡° ‘°‘® ‰´‚≈ ®”°—¥ °√√¡°“√ ∫√‘…—∑ ‡æ√´‘‡¥π∑åÕ‘π‡μÕ√åøŸ¥ ®”°—¥ ∫√‘…—∑ ‡æ√´‘‡¥π∑å‚Œ≈¥‘Èß ®”°—¥ ∫√‘…—∑ ‡æ√´‘‡¥π∑å‡¥π‘™øŸ¥ å ®”°—¥ ∫√‘…—∑ ∑’ ‡ÕÁ¡ øŸ¥ å ®”°—¥ ■

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Chairman of the Board

√Õßª√–∏“π°√√¡°“√ ª√‘≠≠“μ√’ øî ‘° å ¡À“«‘∑¬“≈—¬®ß´“π

MBA, Thammasat University Current Position ■

μ”·Àπàßªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ ‡æ√´‘‡¥π∑å Õ–°√‘ ‡∑√¥¥‘Èß ®”°—¥

President Thai President Foods Public Co., Ltd.

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Chairman

π“¬∫ÿ≠‡ªïò¬¡ ‡Õ’Ë¬¡√ÿàß‚√®πå

President Bakery Public Co., Ltd. Dai-Ichi Packaging Co., Ltd.

MR. BOONPIAM EAMROONGROJ

Siam Kasikij Silo Co., Ltd. ■

Director President Inter Food Co., Ltd.

°√√¡°“√ºŸâ®—¥°“√ MBA ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å μ”·Àπàßªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ ‡æ√´‘‡¥π∑å Õ–°√‘ ‡∑√¥¥‘Èß ®”°—¥ ∫√‘…∑— ‡æ√´‘‡¥π∑å‡∫‡°Õ√’Ë ®”°—¥ (¡À“™π) ∫√‘…—∑ ¿Ÿæ‘ß§å ·¥√’Ë ‚ª√¥—° å ®”°—¥ ∫√‘…—∑ ‡æ√´‘‡¥π∑åÕ‘π‡μÕ√åøŸ¥ ®”°—¥

President Holding Co., Ltd. President Danish Food Co., Ltd. TM Foods Co., Ltd.

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LT.GEN.PHISAL THEPSITHAR

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Director President Agri Trading Co., Ltd. President Bakery Public Co., Ltd. Phuphing Dairy Products Co., Ltd. President Inter Food Co., Ltd.

Current Position ■

Chairman of Audit Committee/

°√√¡°“√∫√‘À“√ MBA ∂“∫—π∫—≥±‘μæ—≤π∫√‘À“√»“ μ√å

Independent Director Rockworth Public Co., Ltd. ■

President the Dental Association of Thailand

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Director President Bakery Public Co., Ltd.

μ”·Àπàßªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ ‡æ√´‘‡¥π∑å Õ–°√‘ ‡∑√¥¥‘Èß ®”°—¥ ■

π“¬·æ∑¬å ÿ√æ®πå ÿ«√√≥æ“π‘™

Executive Director MBA, The National Institute of Development Administration

Current Position ■

Director President Agri Trading Co., Ltd.

π“ß ¥„ À“≠™π–

DR. SURAPOCH SUWONPANICH

MS. SODSAI HARNCHANA

Audit Committee/Independent Director

°√√¡°“√∫√‘À“√ MIM, ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å μ”·Àπàßªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ ‡æ√´‘‡¥π∑åÕ‘π‡μÕ√åøŸ¥ ®”°—¥

MBA, Thammasat Univesity

Current Position

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President Kasemrad Hospital, Saraburi

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π“ß„®√—°…å °âÕπ∑Õß °√√¡°“√μ√«® Õ∫/°√√¡°“√Õ‘ √– ‡πμ‘∫—≥±‘μ ‡πμ‘∫—≥±‘μ ¿“ μ”·Àπàßªí®®ÿ∫—π √ÕßºŸâÕ”π«¬°“√ΩÉ“¬°ÆÀ¡“¬ ∏π“§“√ÕÕ¡ ‘π

Executive Director MIM, Thammasat University

Current Position ■

Director President Inter Food Co., Ltd.

π“¬Õ¿‘™“μ‘ ∏√√¡¡‚π¡—¬

MS. JAIRUK KONTHONG

MR. APICHART THAMMANOMAI

Audit Committee/Independent Director

°√√¡°“√ Mini MBA ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å μ”·Àπàßªí®®ÿ∫—π °√√¡°“√ºŸâÕ”π«¬°“√ ∫√‘…∑— ‡æ√´‘‡¥π∑å‡∫‡°Õ√’Ë ®”°—¥ (¡À“™π) °√√¡°“√ ∫√‘…∑— ‰∑¬‡æ√´‘‡¥π∑åø¥Ÿ å ®”°—¥ (¡À“™π) ∫√‘…—∑ ‰∑¬øŸ®‘¬à“ ®”°—¥

Barrister at Law, Thai Association Bar

Current Position

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Deputy Director, Legal Department Government Savings Bank

π“ß‡æÁ≠π¿“ ∏π “√»‘≈ªá

MS. PENNAPHA DHANASARNSILP

°√√¡°“√ MBA ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å μ”·Àπàßªí®®ÿ∫—π °√√¡°“√ ∫√‘…—∑ Àæ—≤πæ‘∫Ÿ≈ ®”°—¥ (¡À“™π) ∫√‘…∑— ‰∑¬‡æ√´‘‡¥π∑åø¥Ÿ å ®”°—¥ (¡À“™π) ∫√‘…—∑ π‘™™‘π øŸ¥ å (‰∑¬·≈π¥å) ®”°—¥ ∫√‘…—∑ °‘Ë«‰ªÑ (ª√–‡∑»‰∑¬) ®”°—¥ ■

MBA, Thammasat University

Current Position

MS. HATAIRAT KWANGCHIT-AREE

MBA Thammasat University

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°√√¡°“√μ√«® Õ∫/°√√¡°“√Õ‘ √– MBA ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å μ”·Àπàßªí®®ÿ∫—π °√√¡°“√ºŸâÕ”π«¬°“√ √æ.‡°…¡√“…Æ√å √–∫ÿ√’

Managing Director

π“ß “«À∑—¬√—μπå °«â“ß®‘μμåÕ“√’¬å

Chairman of Audit Committee/Independent Director

MBA ¡À“«‘∑¬“≈—¬∏√√¡»“ μ√å μ”·Àπàßªí®®ÿ∫—π ª√–∏“π°√√¡°“√μ√«® Õ∫/ °√√¡°“√Õ‘ √– ∫√‘…—∑ √âÕ§‡«‘∏ ®”°—¥ (¡À“™π) π“¬°∑—πμ·æ∑¬ ¡“§¡·Ààßª√–‡∑»‰∑¬ °√√¡°“√ ∫√‘…∑— ‡æ√´‘‡¥π∑å‡∫‡°Õ√’Ë ®”°—¥ (¡À“™π)

BSC, (Physics) Chung-San University, China Current Position ■ Director President Agri Trading Co., Ltd.

President Agri Trading Co., Ltd.

æ≈‚∑æ‘»“≈ ‡∑æ ‘∑∏“ ª√–∏“π°√√¡°“√μ√«® Õ∫/°√√¡°“√Õ‘ √–

Vice Chairman

Director MBA, Thammasat University

Current Position ■

Director Sahapathanapibul Public Co., Ltd. Thai President Foods Public Co., Ltd. Nissin Foods (Thailand) Co., Ltd. Kewpie (Thailand) Co., Ltd.

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

Director Mini MBA, Thammasat University

Current Position

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President President Bakery Public Co., Ltd. Director Thai President Foods Public Co., Ltd. Thai Fujiya Co., Ltd.

‚§√ß √â“ß°“√∫√‘À“√

ORGANIZATION CHART

à«πß“π°“√μ≈“¥„πª√–‡∑»

DOMESTIC MARKETING DEPT.

à«πß“π°“√μ≈“¥μà“ßª√–‡∑»

à«πß“π∫ÿ§§≈·≈–∏ÿ√°“√

OVERSEAS MARKETING DEPT.

PERSONNEL AND ADMINISTRATIVE DEPT.

°“√μ≈“¥

à«πß“π®—¥´◊ÈÕ

MARKETING

PURCHASING DEPT.

à«πß“π∫—≠™’·≈–°“√‡ß‘π

·ºπ°«‘®—¬¢∫«π°“√º≈‘μ

ACCOUNTING & FINANCIAL DEPT.

°“√∫√‘À“√

PRODUCTION PROCESS ANALYSIS SECTION

·ºπ°æ—≤π“√–∫∫

ADMINISTRATION

SYSTEM DEVELOPMENT SECTION

à«πß“π§ÿ≥¿“æ

QUALITY CONTROL SECTION ■

·ºπ°æ—≤π“‡∑§‚π‚≈¬’

°√√¡°“√ºŸâ®—¥°“√

Center Lab Section

TECHNOLOGY DEVELOPMENT SECTION

MANAGING DIRECTOR

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à«πß“π´àÕ¡∫”√ÿß

MAINTENANCE DEPT. ■

‚§√ß°“√æ‘‡»…

à«πß“π∫√‘À“√

ADMINISTRATIVE DEPT. ■

Àπà«¬ß“π§≈—ß ‘π§â“ Warehouse Section

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à«πß“π«‘®—¬·≈–æ—≤π“º≈‘μ¿—≥±å

PRODUCT RESEARCH & DEVELOPMENT SECTION

Rice Analysis Section ■

Àπà«¬ß“π QC Line QC Line Section

·ºπ°´àÕ¡∫”√ÿß

Àπà«¬ß“π∫—≠™’·≈–°“√‡ß‘π

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·ºπ°∫√‘À“√ß“π´àÕ¡

Repair Administrative Section ■

·ºπ° Utility

Utility Section ■

·ºπ°‰øøÑ“

Electricity Section

Accounting & Financial Section ■

Àπà«¬ß“π∫ÿ§§≈·≈–∏ÿ√°“√

Personel & Administrative Section

à«πß“πº≈‘μ

PRODUCTION DEPT. ■

·ºπ°«“ß·ºπ Planning Section

FACTORY

Àπà«¬«‘®—¬¢â“«

Check & Repair Section

SPECIAL PROJECTS

‚√ßß“π

Àπà«¬ß“π Center Lab

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·ºπ°º≈‘μ‡ âπÀ¡’Ë

Rice Vermicelli Section ■

·ºπ°º≈‘μ°ã«¬‡μ’Î¬«

Rice Noodles Section ■

·ºπ°·æÁ§ ‚®ä° °ã«¬®—Í∫ Packing Section

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

π‚¬∫“¬§ÿ≥¿“æ Õ“™’«Õπ“¡—¬ §«“¡ª≈Õ¥¿—¬ ‘Ëß·«¥≈âÕ¡ QUALITY POLICY, OCCUPATIONAL HEALTH, AND ENVIRONMENTAL SAFETY

➛ ªí®®ÿ∫π— √–∫∫¡“μ√∞“π “°≈√–À«à“ßª√–‡∑» ¡’°“√ª√–°“» „™â À ≈“°À≈“¬√–∫∫¥â « ¬°— π ∑—È ß π’È ¡’ “‡Àμÿ ¡ “®“°°“√∑’Ë · μà ≈ – ª√–‡∑»„π‚≈°μà“ß°Á „Àâ§«“¡ ”§—≠¥â“π§ÿ≥¿“æ ‘π§â“·≈–§«“¡ ª≈Õ¥¿—¬¢Õß ‘π§â“¡“°¬‘Ëß¢÷Èπ πÕ°®“°π—Èπ¬—ß„Àâ§«“¡„ à „®°—∫ ‘Ëß ·«¥≈âÕ¡√Õ∫Ê μ—« ´÷Ëß Õ¥§≈âÕß°—∫π‚¬∫“¬°“√¥”‡π‘πß“π¢Õß ∫√‘…—∑œ ¥—ßπ—Èπ®÷ß¡’°“√π”√–∫∫¡“μ√∞“π “°≈μà“ßÊ ∑’Ë Õ¥§≈âÕß °—π‡¢â“¡“∂◊ÕªØ‘∫—μ‘¿“¬„πÕß§å°√ Õ—π‰¥â·°à

¥â“π§ÿ≥¿“æ ·≈–§«“¡ª≈Õ¥¿—¬¢ÕßÕ“À“√ ISO 9002 : 1994 ‡ªìπ√–∫∫°“√®—¥°“√¥â“π§ÿ≥¿“æ ‚¥¬°“√¥”‡π‘ π °“√°”Àπ¥¡“μ√∞“π„π°“√ªØ‘ ∫— μ‘ ß “π„π·μà ≈ – ¢—ÈπμÕπ„Àâæπ—°ß“π∂◊ÕªØ‘∫—μ‘ ‡æ◊ËÕ„Àâ¡—Ëπ„®«à“§ÿ≥¿“æ¢Õßº≈‘μ ¿—≥±å∑’Ë ‰¥âμ√ßμ“¡§«“¡μâÕß°“√¢Õß≈Ÿ°§â“ ´÷Ëß°√–∫«π°“√μà“ßÊ π—πÈ ‡√‘¡Ë μ—ßÈ ·μà°“√√—∫§” —ßË ´◊ÕÈ ®“°≈Ÿ°§â“ °“√®—¥´◊ÕÈ «— ¥ÿ-«—μ∂ÿ¥∫‘ μà“ßÊ ■

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Nowadays, our world has seen various international standard

systems launched to actions because there have been much increased concerns among several countries regarding the consumable product qualities and its usage safety as well as the environmental conservation. Along this line laid our company’s management policy which has eventually set the company to adopted some relevant international standard systems to serve our various objectives as follows: FOR QUALITY AND SAFETY OF OUR FOOD PRODUCTS ■

ISO 9002 : 1994, a system for quality management,

requires a certain standard to achieve by the staff in each step of the operations, all are for the assurance that the product quality will meet with the customers’ maximum satisfactions. The procedure is taken from order receiving from customers, procuring raw materials and supplies for use in the production, every single step in the production, quality checking before packing, keeping goods, and delivering goods to customers. Once the staff operates according to the required standard of operation, the goods produced for the customer will have the quality as with their requirement every time. The company has been certified under ISO 9002 : 1994 by SGS Co., Ltd. in 2001 and 2003. Likewise, the company has also improved our standards for operations to keep up with those of ISO 9001 : 2000 which in general are close in nature to the standards of ISO 9002 : 1994, but more focusing on measuring customer’s satisfaction which will be applied in fine tuning the desired operation standard, then backed by the constant

∑’Ë®–π”¡“„™â „π°“√º≈‘μ ¢—ÈπμÕπ°“√º≈‘μ∑ÿ°¢—ÈπμÕπ °“√μ√«® Õ∫§ÿ≥¿“æº≈‘μ¿—≥±å°àÕπ∫√√®ÿ °“√®—¥‡°Á∫ ·≈–°“√ àß¡Õ∫ ‘π§â“„Àâ°—∫≈Ÿ°§â“ ‡¡◊ËÕºŸâªØ‘∫—μ‘ß“πªØ‘∫—μ‘μ“¡¡“μ√∞“π°“√ªØ‘∫—μ‘ ß“π∑’Ë°”Àπ¥‰«â º≈‘μ¿—≥±å∑’Ë àß¡Õ∫„Àâ°—∫≈Ÿ°§â“®–¡’§ÿ≥¿“æμ√ß μ“¡§«“¡μâÕß°“√¢Õß≈Ÿ°§â“∑ÿ°§√—Èß ∑—Èßπ’È∫√‘…—∑œ‰¥â√—∫°“√√—∫√Õß √–∫∫ ISO 9002 : 1994 ‚¥¬∫√‘…—∑ SGS „πªï 2544 ·≈–ªï 2546 ∫√‘…—∑œ¬—ß‰¥âª√—∫ª√ÿß√–∫∫¡“μ√∞“π°“√ªØ‘∫—μ‘ß“π„Àâ Õ¥§≈âÕß °—∫¢âÕ°”Àπ¥¢Õß¡“μ√∞“π ISO 9001 : 2000 ´÷Ëß‚¥¬¿“æ√«¡ ¢Õß¢âÕ°”Àπ¥®–„°≈â‡§’¬ß°—∫ ISO 9002 : 1994 ·μà®–¡ÿàß‡πâπ °“√«—¥§«“¡æ÷ßæÕ„®¢Õß≈Ÿ°§â“ ‡æ◊ËÕπ”¡“ª√—∫ª√ÿß¡“μ√∞“π°“√ ªØ‘∫—μ‘ß“π¢Õß∫√‘…—∑œ„Àâ¥’¬‘Ëß¢÷Èπ μ≈Õ¥®π¡’°“√μ‘¥μ“¡·≈–æ—≤π“ Õ¬à“ß‡ªìπ√–∫∫·≈–‡ªìπ‰ªÕ¬à“ßμàÕ‡π◊ËÕß ‡æ◊ËÕ∑’Ë®–‰¥âª√—∫ª√ÿß·°â ‰¢ ·≈–¥”‡π‘ π °“√„Àâ ∫ √√≈ÿ ‡ ªÑ “ À¡“¬∑’Ë ‰ ¥â °”Àπ¥‰«â ®“°§«“¡ æ¬“¬“¡∑’®Ë –æ—≤π“·≈–ª√—∫ª√ÿß°“√ªØ‘∫μ— ß‘ “πμ≈Õ¥ªï 2546 ∫√‘…∑— œ ‰¥â√—∫°“√√—∫√Õß √–∫∫ ISO 9001 : 2000 ®“°∫√‘…—∑ SGS „π «—π∑’Ë 14-15 μÿ≈“§¡ 2546 Good Manufacturing Practice (GMP) À≈—°‡°≥±å ÿ¢≈—°…≥–∑’Ë¥’„π°“√º≈‘μÕ“À“√ ‡ªìπ‡√◊ËÕß‡°’Ë¬«°—∫°“√§«∫§ÿ¡¥Ÿ·≈ ■

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

follow-up system, and maintained systematically and continuously. After all these efforts, the objectives will, therefore, be met. Due to the unfailing effort to develop and better our performance through 2003, the company has been certified with ISO 9001: 2000 by the authorized body, SGS, on 15thOctober, 2003. ■

Good Manufacturing Practice (GMP). The criterion for

food manufacturing sanitation involves the control on various manufacturing factors, namely, staff, machine, supplies, raw materials, place of manufacturing, manufacturing process which can prevent contamination to the food. The company has also been certified with GMP from the Office of Standard For Industrial Products in 2000. Now, GMP standard is legalized as a Regulation by the Ministry of Public Health required to be met with certification by every food factory. ■

Hazard Analysis Critical Control Point (HACCP).

The

system to ensure the safety of food products that the company’s products will not bear any hazardous content brought by contamination, chemicals and germs liable to cause disease. This

ªí®®—¬„π°“√º≈‘μ Õ—π‰¥â·°à æπ—°ß“π ‡§√◊ÕË ß®—°√Õÿª°√≥å„π°“√º≈‘μ «— ¥ÿ-«—μ∂ÿ¥‘∫ ∂“π∑’Ëº≈‘μ °√√¡«‘∏’ °“√º≈‘μ„Àâ‡À¡“– ¡‰¡à°àÕ„Àâ ‡°‘¥°“√ªπ‡ªóôÕπ¢Õß ‘Ëß °ª√°μà“ßÊ ≈ß„πº≈‘μ¿—≥±å∑’Ëº≈‘μ¢÷Èπ ∫√‘…—∑œ‰¥â√—∫°“√√—∫√Õß√–∫∫ GMP ®“° ”π—°ß“π¡“μ√∞“π º≈‘μ¿—≥±åÕÿμ “À°√√¡„πªï 2543 ·≈–ªí®®ÿ∫—π¡“μ√∞“π GMP °Á ‰¥âª√–°“»‡ªìπ°ÆÀ¡“¬‚¥¬°√–∑√«ß “∏“√≥ ÿ¢∑’Ë∫—ß§—∫„Àâ∑ÿ° ‚√ßß“π∑’Ë∑”°“√º≈‘μÕ“À“√μâÕß‰¥â√—∫°“√√—∫√Õß √–∫∫ Hazard Analysis Critical Control Point (HACCP) ‡ªìπ√–∫∫∑’Ëª√–°—π§«“¡ª≈Õ¥¿—¬¢Õßº≈‘μ¿—≥±å„ Àâ ¡—Ëπ„®«à“„πº≈‘μ¿—≥±å¢Õß∫√‘…—∑œ ®–‰¡à¡’ ‘Ëß∑’Ë‡ªìπÕ—πμ√“¬®“° ‘Ëß ·ª≈°ª≈Õ¡μà“ßÊ “√‡§¡’ ·≈–‡™◊ÈÕ®ÿ≈‘π∑√’¬å∑’Ë®–°àÕ„Àâ‡°‘¥‚√§ ‚¥¬°“√«‘‡§√“–ÀåÀ“®ÿ¥Õ—πμ√“¬μà“ßÊ „π∑ÿ°¢—ÈπμÕπ°“√º≈‘μ∑’Ë¡’ ‚Õ°“ ∑’®Ë –‡°‘¥¢÷πÈ μ—ßÈ ·μà«μ— ∂ÿ¥∫‘ ∑’‡Ë ¢â“¡“ °√–∫«π°“√º≈‘μ·μà≈–¢—πÈ °“√®—¥‡°Á∫ ·≈–°“√¢π àß ‘π§â“‰ª àß¡Õ∫„Àâ°—∫ºŸâ∫√‘‚¿§ ‡¡◊ËÕæ∫ «à“„π¢—ÈπμÕπ„¥∑’Ë¡’ ‚Õ°“ ∑’ËÕ—πμ√“¬®–À≈ÿ¥√Õ¥‰ª∂÷ßºŸâ∫√‘‚ ¿§‰¥â ∑“ß∫√‘…—∑œ®–¡’°“√°”Àπ¥«‘∏’°“√„π°“√‡ΩÑ“√–«—ß ¡’ºŸâ√—∫º‘¥™Õ∫ „π°“√‡ΩÑ“√–«—ß®ÿ¥¥—ß°≈à“«μ≈Õ¥‡«≈“ ‡æ◊ËÕ„Àâ¡—Ëπ„®«à“Õ—πμ√“¬ ‡À≈à “ π—È π ∂Ÿ ° °”®— ¥ ÕÕ°®“°º≈‘ μ ¿— ≥ ±å °à Õ π à ß ¡Õ∫„Àâ °— ∫ ºŸâ ∫ √‘ ‚ ¿§ ·≈–∫√‘…—∑œ‰¥â√—∫°“√√—∫√Õß√–∫∫ HACCP ®“° ∫√‘…—∑ SGS „πªï 2545 ■

¥â“π ‘Ëß·«¥≈âÕ¡ ➛ πÕ°®“°°“√º≈‘μ ‘π§â“„Àâ¡§’ ≥ ÿ ¿“æ·≈–¡’§«“¡ª≈Õ¥¿—¬μàÕ ºŸâ∫√‘‚¿§·≈â« ∫√‘…—∑œ¬—ß¡’§«“¡Àà«ß„¬·≈–„ à „®°—∫ ¿“æ·«¥≈âÕ¡ ·≈–™ÿ¡™π√Õ∫¢â“ß ®÷ß‰¥âπ”√–∫∫ ISO 14001 : 1996 ´÷ßË ‡ªìπ√–∫∫ °“√®—¥°“√¥â“π ‘Ëß·«¥≈âÕ¡ ‚¥¬°“√ª√–‡¡‘π°“√„™â∑√—æ¬“°√μà“ßÊ „π∑ÿ°¢—πÈ μÕπ ¡≈¿“«–∑’‡Ë °‘¥¢÷πÈ ®“°°√–∫«π°“√º≈‘μ √«¡∑—ßÈ ¢Õß‡ ’¬ μà“ßÊ ∑’Ë‡°‘¥¢÷Èπ ‡æ◊ËÕ°”Àπ¥¡“μ√°“√§«∫§ÿ¡„Àâ¡’°“√„™â∑√—æ¬“°√ μà“ßÊ ‡ªìπ‰ªÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ ≈¥°“√‡°‘¥¢Õß‡ ’¬ ·≈–¢Õß ‡ ’¬∑’Ë‡°‘¥¢÷Èπ¡’°“√°”®—¥À√◊Õ∫”∫—¥Õ¬à“ß∂Ÿ°μâÕß ‡æ◊ËÕ‰¡à „Àâ àßº≈ °√–∑∫°—∫ ‘Ëß·«¥≈âÕ¡·≈–™ÿ¡™π√Õ∫¢â“ß ¡’°“√§«∫§ÿ¡¥Ÿ·≈ °“√ ¥”‡π‘πß“π¢Õß∫√‘…∑— œ„Àâ Õ¥§≈âÕß°—∫°ÆÀ¡“¬ ·≈–¢âÕ°”Àπ¥Õ◊πË Ê ¥â“π ‘ßË ·«¥≈âÕ¡ ®π‰¥â√∫— °“√√—∫√Õß√–∫∫ ISO 14001 : 1996 ®“° ∫√‘…—∑ SGS „π‡¥◊Õπ¡°√“§¡ 2547 ´÷ßË √–∫∫ ISO 14001 πÕ°®“° ®–™à«¬≈¥º≈°√–∑∫μàÕ ‘Ëß·«¥≈âÕ¡·≈â« ¬—ß™à«¬≈¥μâπ∑ÿπ°“√º≈‘μ ‰¥â‡π◊ËÕß®“°¡’°“√„™â«—μ∂ÿ¥‘∫μà“ßÊÕ¬à“ß‡μÁ¡ª√– ‘∑∏‘¿“æ ‡°‘¥¢Õß ‡ ’¬πâÕ¬∑”„Àâ§à“„™â®à“¬„π°“√∫”∫—¥À√◊Õ°”®—¥¢Õß‡ ’¬≈¥≈ß¥â«¬ ➛ „πªï 2547 ∫√‘…—∑œ ¡’π‚¬∫“¬„π°“√∑’Ë®–π”√–∫∫°“√ ®— ¥ °“√¥â “ πÕ“™’ « Õπ“¡— ¬ ·≈–§«“¡ª≈Õ¥¿— ¬ „π°“√∑”ß“π (TIS/OHSAS 18001) ‡¢â“¡“ª√–¬ÿ°μå„™â „π∫√‘…—∑œ ‡æ◊ËÕ‡ªìπ°“√ §«∫§ÿ¡¥Ÿ·≈ ¿“«–·«¥≈âÕ¡ ·≈–«‘∏’°“√ªØ‘∫—μ‘ß“π¢Õßæπ—°ß“π„Àâ ‡°‘¥§«“¡ª≈Õ¥¿—¬·°àæπ—°ß“πºŸâªØ‘∫—μ‘ß“π ‚¥¬°“√«‘‡§√“–Àå§«“¡ ‡ ’Ë¬ß∑’Ë®–‡°‘¥Õ—πμ√“¬°—∫æπ—°ß“π„π·μà≈–¢—ÈπμÕπ ·≈–°”Àπ¥ ¡“μ√°“√§«∫§ÿ¡„π®ÿ¥∑’Ë¡’§«“¡‡ ’Ë¬ß Ÿß ´÷Ëß®–∑”„Àâæπ—°ß“π¡’¢«—≠ ·≈–°”≈—ß„®∑’Ë¥’„π°“√ªØ‘∫—μ‘ß“π

requires analysis on various hazardous points possible to happen in every step of the manufacturing process, from receiving raw materials, each manufacturing step, storing and delivering processes up to end-consumers. Once any step therein found to be possibly hazard lurking to consumers, there, the company will set up a measure for close monitoring, perhaps, constant surveillance by man, so as to assure that all the possible hazards will be rid of the finished products before delivery to the consumers. Therefore, the company has been certified with HACCP by the authorized body, SGS, in 2002. FOR OUR ENVIRONMENT

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To manufacture goods of quality and safety standard is not

only our goal. Our company has striven further with the environmental conservation for the benefits of the surrounding communities. That has led the company to adopt the standard system of ISO 14001 : 1996 which is the system for environmental management by means of estimating the resource used in every procedure and the pollution generated from the production process including the possible wastes coming along, so as to impose a measure to maximize the efficient use of resources and to reduce the generation of pollution and the side-effect wastes as well as to rid and treat correctly the wastes so that they will not pose any trouble to the environment and the nearby areas. Meanwhile, the company still must obey the laws and rules in this sphere as a guideline of our operation. With all these unfailing efforts towards the environment, the company has been certified for its environmental management system with ISO 14001 : 1996 from the authorized body, SGS, in January 2004. The system of ISO 14001 is not only to help conserve our environments by minimizing the unwanted impacts on them, but also help reducing the production cost because all the resources will be used with most efficiency producing minimum waste and so minimized the waste treatment cost.

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In 2004, our company has planned a policy to adopt the

management system for occupational health and workplace safety (TIS/OHSAS 18001) for applying with our organization so as to control and ensure the safety of the workplace environment and practice of the staff.

By means of analyzing the possibility of

hazardous risk to happen among workers in each step of the operation and imposing a measure to monitor the high risk points for benefits to the workers to have the high morale to cherish while working in the workplace.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’¢Õß∫√‘…—∑

GOOD CORPORATE GOVERNANCE AND AUDITS

➛ ¤ ∑“ß§≥–°√√¡°“√∫√‘…∑— ‰¥âμ√–Àπ—°¥’∂ß÷ §ÿ≥ª√–‚¬™πå·≈– §«“¡ ”§—≠¢Õß°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’¿“¬„π∫√‘…—∑ ·≈–‡æ◊ËÕ ‡æ‘Ë¡§«“¡‚ª√àß„ „π°“√ √â“ß§«“¡‡™◊ËÕ¡—Ëπ„Àâ·°àºŸâ∂◊ÕÀÿâπ ºŸâ≈ß∑ÿπ ·≈–ºŸâ∑’Ë‡°’Ë¬«¢âÕß°—π ¥—ßπ—Èπ∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑ §√—Èß∑’Ë 3/ 2546 ‡¡◊ËÕ«—π∑’Ë 18 ¡’π“§¡ 2546 ‰¥â¡’¡μ‘°”Àπ¥π‚¬∫“¬‡°’Ë¬«°—∫ °“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ æ√âÕ¡·π«∑“ß„π°“√ªØ‘∫—μ‘®”π«π 15 ¢âÕ¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ·≈–‰¥âºà“π°“√∑∫∑«π ®“°∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑ §√—Èß∑’Ë 2/2547 ‡¡◊ËÕ«—π∑’Ë 17 °ÿ¡¿“æ—π∏å 2547 ¥—ßπ’È

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The Board of Directors is concerned with the benefits and

importance of the good governance to be imbued within the organization in order to bring up the transparency of management and to gain more confidence from the shareholders, the investors and the concerned parties. In the meeting of the Board of Directors No. 3/2003 held on 18th March 2003, the policy for implementing the good governance along with its15 guidelines as imposed by the Security Exchange of Thailand, which were reviewed by the Board of Director meeting No. 2/2003 held on 17th February 2003, were approved, as follows:

À≈—°°“√¢âÕ 1 π‚¬∫“¬‡°’Ë¬«°—∫°“√°”°—∫¥Ÿ·≈°‘®°“√ ➛ ¤ ‰¥â¥”‡π‘π°“√ àß‡ √‘¡„Àâ∫√‘…∑— ¡’√–∫∫°“√∫√‘À“√ °“√§«∫§ÿ¡ ¿“¬„π·≈–°“√¥”‡π‘π°“√„Àâ¡’§ÿ≥¿“æ∑’Ë¥’¬‘Ëß¢÷ÈπÕ¬à“ßμàÕ‡π◊ËÕß ¥—ßπ’È

√–∫∫°“√∫√‘À“√ ¡ÿàß¡—Ëπ„π°“√ √â“ß¡Ÿ≈§à“‡æ‘Ë¡„Àâ·°à ∫√‘…—∑¥â«¬§«“¡√Õ∫§Õ∫·≈–√–¡—¥√–«—ß ∫√‘À“√ß“π¥â«¬§«“¡ “¡“√∂·≈–¡’ª√– ‘∑∏‘¿“æ∑’Ë‡æ’¬ßæÕ‡æ◊ËÕ„Àâ‡°‘¥ª√–‚¬™πå Ÿß ÿ¥ μàÕºŸâ∂◊ÕÀÿâπ °“√§«∫§ÿ¡¿“¬„π ¥â«¬°“√√—°…“‰«â´ß÷Ë √–∫∫°“√§«∫§ÿ¡ ·≈–μ√«® Õ∫¿“¬„π‚¥¬‰¡à‡®“–®ßÀ√◊Õ¡ÿàß‡πâπ°“√§«∫§ÿ¡¿“¬„π ‡©æ“–‡√◊ËÕß À“°·μà§√Õ∫§≈ÿ¡„Àâ‡°‘¥§«“¡∂Ÿ°μâÕß ÿ®√‘μ §«“¡ ‡ªìπ∏√√¡ ·≈– √â“ß§«“¡ª≈Õ¥¿—¬μàÕ¢âÕ¡Ÿ≈Õ—π‡ªìπ§«“¡≈—∫∑“ß∏ÿ√°‘® ‡æ◊ËÕª√–‚¬™πå Ÿß ÿ¥¢Õß∫√‘…—∑ °“√¥”‡π‘π°“√¥â«¬§«“¡‚ª√àß„ ™—¥‡®π ‚¥¬‰¡à‡≈◊Õ° ªØ‘∫—μ‘¥â«¬°“√°”Àπ¥¢âÕæ÷ßªØ‘∫—μ‘∑’Ë¥’ ∑’ËºŸâ∫√‘À“√·≈–æπ—°ß“π∑ÿ° √–¥—∫æ÷ß¡’®‘μ«‘≠≠“≥∑’Ë¥’μàÕºŸâ∂◊ÕÀÿâπ ≈Ÿ°§â“ ∫√‘…—∑§Ÿà§â“ ·≈– —ß§¡ Õ¬à“ß¡’®√‘¬∏√√¡∑“ß∏ÿ√°‘® ■

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PRINCIPLE 1: POLICY FOR THE GOOD GOVERNANCE

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Encouragement for the company to form an internal audit

system and to continue its furthermore quality management system as follows: ■

Our management system aims to bring forward the value

added to our book value with care and caution always in exercise and with competency and efficiency being sufficient to maximize the benefits of our shareholders. ■

Our internal controls and audits are carried out

ubiquitously without specifying and limiting to some particular areas so that such ubiquity will create integrity, righteousness, fairness to the shareholders as well as providing safety of corporate data which is the business secret, for maximum benefits of our company. ■

The Management is performed with transparency and

clarity without prejudice and also abiding by the rules of conduct for the managerial and staff levels to give to our shareholders, customers, partners and our society best treats of business ethic and etiquette.

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

À≈—°°“√¢âÕ 2 ‘∑∏‘·≈–§«“¡‡∑à“‡∑’¬¡°—π¢ÕßºŸâ∂◊ÕÀÿâπ ➛ ¤ ∫√‘…∑— ‰¥âªØ‘∫μ— μ‘ Õà ºŸ∂â Õ◊ Àÿπâ Õ¬à“ß‡∑à“‡∑’¬¡°—π ‚¥¬‡©æ“–Õ¬à“ß ¬‘Ëß„π°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ‰¥âªØ‘∫—μ‘Õ¬à“ß∂Ÿ°μâÕßμ“¡¢—ÈπμÕπμ—Èß·μà °“√‡√’¬°ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ °“√®—¥∑”‡ªìπÀπ—ß ◊Õπ—¥ª√–™ÿ¡À√◊Õ ‡Õ° “√∑’Ë‡°’Ë¬«¢âÕß √–∫ÿ ∂“π∑’Ë «—π ‡«≈“ √–‡∫’¬∫«“√–°“√ ª√–™ÿ¡‰«âÕ¬à“ß™—¥‡®π ·≈–√–∫ÿ‡√◊ËÕß∑’Ë®–‡ πÕ‡æ◊ËÕ∑√“∫ ‡æ◊ËÕ Õπÿ¡—μ‘À√◊Õ‡æ◊ËÕæ‘®“√≥“·≈â«·μà°√≥’ √«¡∑—Èß§«“¡‡ÀÁπ¢Õß§≥– °√√¡°“√∫√‘…—∑„Àâ°—∫ºŸâ∂◊ÕÀÿâπ‰¥â¡’‡«≈“»÷°…“¢âÕ¡Ÿ≈¥—ß°≈à“«‡ªìπ°“√ ≈à«ßÀπâ“ ·≈–‰¥â®—¥ àß√“¬≈–‡Õ’¬¥¥—ß°≈à“«„ÀâºŸâ∂◊ÕÀÿâπ‡ªìπ°“√≈à«ß Àπâ“‰¡àπâÕ¬°«à“ 7 «—π ‡¡◊ËÕ‡√‘Ë¡°“√ª√–™ÿ¡ª√–∏“π§≥–°√√¡°“√ ¢Õß∫√‘…—∑®–™’È·®ß ‘∑∏‘·≈–Àπâ“∑’Ë „π°“√≈ß§–·ππ‡ ’¬ßμ“¡¢âÕ ∫—ß§—∫¢Õß∫√‘…—∑ °”Àπ¥„Àâπ—∫®”π«πÀÿâπ “¡—≠ 1 Àÿâπ ¡’ ‘∑∏‘„π °“√≈ß§–·ππ‡ ’¬ß 1 ‡ ’¬ß °“√≈ß§–·ππ„Àâ°√–∑”‚¥¬‡ªî¥‡º¬

PRINCIPLE 2: Rights and Equality of the Shareholders

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There have been equal treats to the shareholders, especially

during the shareholders’ meetings where rules and regulations of formality are strictly observed from the calling for the meeting, issuing invitational letters and other concerned circulation which indicate the venue, date, time, and the meeting agenda clearly as well as the matters for acknowledgement, for approval or for consideration depending on the cases. Also given to the shareholders is the opinions of the Board of Directors which has been formed after prior study of the data and sent to the shareholders at least 7 days prior to the meeting. At the start of anyone of the shareholders’ meetings, the Chairman of the Board of Directors will indicate the rights and duties of the shareholders in casting their votes according to the company’s regulations which require one common share stock to exercise one vote. The voting procedure is conducted with transparency by having the dissident or abstaining shareholders to raise the sign boards; if agreeing, they shall not raise the sign boards. In the meeting, the Chairman of the Board of Directors shall welcome the shareholders to present their inquiries, opinions and suggestions on the various issues. These will be recorded as Q&A and points of consideration in the minutes of the shareholders’ meeting in a completed and accurate manner so that the shareholders will be able to check and review. Furthermore, the shareholders will be able to empower the Independent Directors to attend the meeting on their behalves in the event that they are not available to attend the meeting

‚¥¬„™â«‘∏’ ∑à“π„¥‰¡à‡ÀÁπ¥â«¬°—∫§«“¡‡ÀÁπ¢Õß§≥–°√√¡°“√ À√◊Õ ß¥ÕÕ°‡ ’ ¬ ß¢Õ„Àâ ¬ °ªÑ “ ¬¢÷È π ∂â “ ‡ÀÁ π ¥â « ¬‰¡à μâ Õ ß¬°ªÑ “ ¬ „π √–À«à“ß°“√ª√–™ÿ¡∑à“πª√–∏“π°√√¡°“√¢Õß∫√‘…—∑¬—ß‡ªî¥‚Õ°“ „Àâº∂Ÿâ Õ◊ Àÿπâ Õ∫∂“¡ ·≈–· ¥ß§«“¡§‘¥‡ÀÁπæ√âÕ¡¢âÕ‡ πÕ·π–μà“ßÊ ‡æ◊ËÕ∫—π∑÷°ª√–‡¥Áπ´—°∂“¡·≈–¢âÕ§‘¥‡ÀÁπ∑’Ë ”§—≠‰«â „π√“¬ß“π°“√ ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπÕ¬à“ß∂Ÿ°μâÕß §√∫∂â«π ‡æ◊ËÕ„ÀâºŸâ∂◊ÕÀÿâπ “¡“√∂ μ√«® Õ∫‰¥â ·≈–ºŸâ∂◊ÕÀÿâπ¬—ß “¡“√∂¡Õ∫Õ”π“®„Àâ°—∫°√√¡°“√ Õ‘ √–‡¢â“ª√–™ÿ¡·∑π „π°√≥’∑º’Ë ∂Ÿâ Õ◊ Àÿπâ ‰¡à “¡“√∂‡¢â“√à«¡ª√–™ÿ¡‰¥â

themselves.

PRINCIPLE 3: Rights of the Stakeholders

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The company has emphasized the rights of our stakeholders

of every group and realized the supports from all groups of our stakeholders who have played an important role in building our competitiveness and profitability in the long run. Therefore, there is a guideline for practice as follows: ■

À≈—°°“√¢âÕ 3 ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬ ➛ ∫√‘…∑— ‰¥â „Àâ§«“¡ ”§—≠μàÕ ‘∑∏‘¢ÕßºŸ¡â ’ «à π‰¥â‡ ’¬∑ÿ°°≈ÿ¡à ·≈– μ√–Àπ—°∂÷ß·√ß π—∫ πÿπ®“°ºŸâ¡’ à«π‰¥â‡ ’¬μà“ßÊ ´÷Ëß®– √â“ß§«“¡ “¡“√∂„π°“√·¢àß¢—π·≈– √â“ß°”‰√„Àâ°—∫∫√‘…—∑‰¥â „π√–¬–¬“« ®÷ß‰¥â°”Àπ¥·π«∑“ß„π°“√ªØ‘∫—μ‘ ¥—ßπ’È

Employees : Employees receive fair and equal opportunities and appropriate remunerations according to the law pertaining to minimum wage limit and relative welfare.

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Business Partners : purchase of goods and services according to the trade tradition including honoring the agreements with all.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

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æπ—°ß“π : ∫√‘…—∑‰¥âªØ‘∫—μ‘°—∫æπ—°ß“πÕ¬à“ß‡∑à“‡∑’¬¡ ‡ªìπ∏√√¡ ·≈–„Àâº≈μÕ∫·∑π∑’Ë‡À¡“– ¡ ‰¡à ¢— ¥ μà Õ °ÆÀ¡“¬·√ßß“π¢—È π μË” ·≈– «— ¥‘°“√∑’‡Ë °’Ë¬«¢âÕß §Ÿà§â“ : ∫√‘…∑— ¡’°“√´◊ÕÈ ‘π§â“·≈–∫√‘°“√®“°§Ÿ§à “â ‡ªìπ ‰ªμ“¡‡ß◊ËÕπ‰¢∑“ß°“√§â“ √«¡∂÷ß°“√ªØ‘∫—μ‘ μ“¡ —≠≠“μàÕ§Ÿà§â“ ‡®â“Àπ’È : ∫√‘…∑— ªØ‘∫μ— μ‘ “¡‡ß◊ÕË π‰¢°“√°Ÿ¬â ¡◊ ‡ß‘πμ“¡¢âÕ μ°≈ß ≈Ÿ°§â“ : ∫√‘…—∑‡Õ“„®„ à·≈–√—∫º‘¥™Õ∫μàÕ≈Ÿ°§â“ º≈‘μ ‘ π §â “ ∑’Ë ¡’ §ÿ ≥ ¿“æ·≈–¡“μ√∞“π √— ° …“ §«“¡≈—∫¢Õß≈Ÿ°§â“ ·≈–¡’Àπà«¬ß“πÀ√◊Õ ∫ÿ§§≈∑’Ë∑”Àπâ“∑’Ë√—∫¢âÕ√âÕß‡√’¬π¢Õß≈Ÿ°§â“ ‡æ◊ËÕ√’∫¥”‡π‘π°“√„Àâ·°à≈Ÿ°§â“‚¥¬‡√Á«∑’Ë ÿ¥

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Creditors : Honoring terms and conditions of the loan agreements.

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Customers : Responsiveness and responsibility to customers by manufacturing quality products of reliable standard, keeping customers’ secrets and providing hotline center for customers to post their complaints and to receive remedies from the in charge department as fast as possible.

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Competitors : Observing fair rules of competition, preserving the good business norm in competitive market, and avoiding malpractice aimed to jeopardize competitors.

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Community : We take full responsibilities for the social environment and the community surroundings as well as complying with the pertinent laws i.e. following the rules and regulations of the governing laws so that the rights of these stakeholders shall be truly upheld.

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Therefore, the company shall comply with all the rules, laws

and regulations as pertinent so that the stakeholders shall receive a good protection to their rights.

PRINCIPLE 4: The Meetings of the Shareholders

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The Board of Directors imposes a schedule for the Annual

General Shareholders’ Meeting to be held once a year in the month of April. Before the meeting day, the company shall send out written

§Ÿà·¢àß : ∫√‘…∑— ª√–æƒμ‘μ“¡°√Õ∫°μ‘°“°“√·¢àß¢—π∑’Ë ¥’ √—°…“∫√√∑—¥∞“π¢Õß¢âÕæ÷ßªØ‘∫—μ‘„π°“√ ·¢àß¢—πÀ≈’°‡≈’Ë¬ß«‘∏’°“√‰¡à ÿ®√‘μ‡æ◊ËÕ∑”≈“¬ §Ÿ·à ¢àß ™ÿ¡™π : ¡’ § «“¡√— ∫ º‘ ¥ ™Õ∫μà Õ ¿“æ·«¥≈â Õ ¡¢Õß ™ÿ¡™π ·≈– —ß§¡ μ≈Õ¥®π°ÆÀ¡“¬∑’Ë ‡°’Ë¬«¢âÕß ➛ ∑—Èßπ’È ∫√‘…—∑®–ªØ‘∫—μ‘μ“¡¢âÕ°”Àπ¥¢Õß°ÆÀ¡“¬·≈–°Æ √–‡∫’¬∫μà“ßÊ ∑’Ë‡°’Ë¬«¢âÕß ‡æ◊ËÕ„Àâ ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬‡À≈à“π’È ‰¥â √—∫°“√¥Ÿ·≈Õ¬à“ß¥’ ■

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invites to the meeting to all the shareholders together with the circulation of other details to be incorporated in the meeting agenda, at least 7 days prior to the meeting day. Also enclosed is Proxy Letter for use in case the shareholders want to delegate someone or even the Independent Directors to vote on their behalves if they are not available to attend the meeting. Besides, there will be announcements in the local Thai newspapers for at least 3 days straight, to make known to the public of the meeting schedule.

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In every one of the shareholders’ meetings, every member of

the Board of Directors will take part in it and so will the company’s

À≈—°°“√¢âÕ 4 °“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ➛ §≥–°√√¡°“√∫√‘…∑— ‰¥â°”Àπ¥„Àâ¡°’ “√ª√–™ÿ¡ “¡—≠ºŸ∂â Õ◊ Àÿπâ ª√–®”ªï ∑ÿ°‡¥◊Õπ‡¡…“¬π ‚¥¬„π°“√ª√–™ÿ¡∫√‘…—∑‰¥â®—¥ àß Àπ—ß ◊Õπ—¥ª√–™ÿ¡æ√âÕ¡∑—Èß¢âÕ¡Ÿ≈√“¬≈–‡Õ’¬¥ª√–°Õ∫°“√ª√–™ÿ¡ μ“¡«“√–μà“ßÊ „Àâº∂Ÿâ Õ◊ Àÿπâ ∑√“∫≈à«ßÀπâ“°àÕπ«—πª√–™ÿ¡‰¡àπÕâ ¬°«à“ 7 «—π ·≈–‰¥â·π∫Àπ—ß ◊Õ¡Õ∫©—π∑–‰ªæ√âÕ¡°—∫Àπ—ß ◊Õπ—¥ª√–™ÿ¡ √“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

Auditor, public certified one, or its representative so as to partake in the question and answer session with the shareholders in every meeting thereof. The essential agenda of the Annual General Shareholders’ Meeting will be the report from the Board of Directors on the company’s performance in the previous year to the meeting. Following will be the consideration and approval of the Balance Sheet

‡æ◊ËÕ„ÀâºŸâ∂◊ÕÀÿâπ∑’Ëª√– ß§å®–¡Õ∫©—π∑–„Àâ∫ÿ§§≈Õ◊ËπÀ√◊Õ°√√¡°“√ Õ‘ √–¡“ª√–™ÿ ¡ „π°√≥’ ∑’Ë ºŸâ ∂◊ Õ Àÿâ π ‰¡à “¡“√∂‡¢â “ √à « ¡ª√–™ÿ ¡ ‰¥â πÕ°®“°π’È ∫√‘…—∑‰¥â∑”°“√ª√–°“»≈ß„πÀπ—ß ◊Õæ‘¡æå√“¬«—π¿“…“ ‰∑¬‡æ◊ËÕ∫Õ°°≈à“«‡√’¬°ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπμ‘¥μàÕ°—π‰¡àπâÕ¬°«à“ 3 «—π ➛ „π°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ°√√¡°“√¢Õß∫√‘…—∑∑ÿ°∑à“π®–¡’ à«π √à«¡„π°“√ª√–™ÿ¡∑ÿ°§√—Èß √«¡∂÷ßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μÀ√◊Õμ—« ·∑π®–‡¢â“√à«¡™’È·®ßμÕ∫¢âÕ´—°∂“¡„Àâ°—∫ºŸâ∂◊ÕÀÿâπ¥â«¬ “√– ”§—≠ ∑’Ëæ÷ß°√–∑”„π°“√ª√–™ÿ¡ “¡—≠ª√–®”ªï §◊Õ °“√√“¬ß“π¢Õß §≥–°√√¡°“√∑’Ë‡ πÕμàÕ∑’Ëª√–™ÿ¡„π√Õ∫ªï∑’Ëºà“π¡“ °“√æ‘®“√≥“ ·≈–Õπÿ¡—μ‘ß∫¥ÿ≈ °“√®—¥ √√‡ß‘π°”‰√(∂â“¡’) °“√‡≈◊Õ°°√√¡°“√ ·∑π°√√¡°“√∑’ËÕÕ°μ“¡«“√– °“√·μàßμ—ÈßºŸâ Õ∫∫—≠™’·≈–°”Àπ¥ §à“μÕ∫·∑π ·≈–«“√–Õ◊ËπÊ∑’ËμâÕß°“√π”‡ πÕ À“°¡’°“√ª√–™ÿ¡ πÕ°‡Àπ◊Õ®“°°“√ª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ ∫√‘…—∑°Á®–„Àâ¡’°“√‡√’¬° ª√–™ÿ¡«‘ “¡—≠ À√◊ÕºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑√«¡°—πμ“¡¢âÕ°”Àπ¥„π ¢âÕ∫—ß§—∫¢Õß∫√‘…—∑°Á “¡“√∂∑”Àπ—ß ◊Õ„Àâ°√√¡°“√‡√’¬°ª√–™ÿ¡ «‘ “¡—≠ºŸâ∂◊ÕÀÿâπ‰¥â

and the appropriation of the earnings (if any), the election of new Directors to replace the duly resigned Directors, the appointment of the Auditor and imposition of their fee and other issues to be raised for consideration. Other meetings than the General Shareholders’ Meeting are also possibly held and called as Extraordinary Shareholders’ Meetings.

Otherwise, the shareholders collectively

ask, according to the regulation in the company’s by-laws, the directors to call for a meeting to be held as an extraordinary meeting of the shareholders upon written request.

PRINCIPLE 5: Leadership and Leader’s Vision

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The company’s Board of Directors possesses its leadership

and a vision to foster its independent decision making which shall provide for the maximum benefits of the whole company and its shareholders. The Board of Directors participates in forming and approving any concepts, strategies, objectives and budgeting of the company including supervising the Management to comply with

À≈—°°“√¢âÕ 5 ¿“«–ºŸâπ”·≈–«‘ —¬∑—»πå ➛ §≥–°√√¡°“√∫√‘…—∑¡’¿“«–ºŸâπ” ¡’«‘ —¬∑—»πå ·≈–¡’§«“¡ ‡ªìπÕ‘ √–„π°“√μ—¥ ‘π„® ‡æ◊ËÕª√–‚¬™πå Ÿß ÿ¥¢Õß∫√‘…—∑·≈–ºŸâ∂◊Õ Àÿâπ‚¥¬√«¡ §≥–°√√¡°“√∫√‘…—∑‰¥â¡’ à«π√à«¡„π°“√°”Àπ¥ ·≈– „Àâ§«“¡‡ÀÁπ™Õ∫„π‡√◊ËÕß«‘ —¬∑—»πå °≈¬ÿ∑∏å ‡ªÑ“À¡“¬ ·≈–ß∫ ª√–¡“≥¢Õß∫√‘…—∑ μ≈Õ¥®π°“√°”°—∫¥Ÿ·≈„ÀâΩÉ“¬®—¥°“√¥”‡π‘π °“√„Àâ‡ªìπ‰ªμ“¡·ºπ∏ÿ√°‘® ➛ °√√¡°“√∑ÿ ° ∑à “ π¡’ §ÿ ≥ ¡∫— μ‘ μ “¡°Æ¢â Õ ∫— ß §— ∫ ¢Õß μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ·≈–‡ªìπºŸ∑â ¡’Ë §’ «“¡√Ÿâ §«“¡ “¡“√∂ ¡’»—°¬¿“æ ·≈–¡’°√√¡°“√ 2 ∑à“π‡ªìπºŸâ¡’§ÿ≥«ÿ≤‘∑“ß¥â“π°“√‡ß‘π ·≈–∫—≠™’ ·≈–°√√¡°“√Õ’° 2 ∑à“π‰¥âº“à π°“√Õ∫√¡¢Õß ∂“∫—π IOD „πÀ≈—° Ÿμ√ Directors Certification Program ¢Õß ¡“§¡ àß ‡ √‘¡ ∂“∫—π°√√¡°“√∫√‘…—∑‰∑¬ §◊Õ ∑à“πª√–∏“π§≥–°√√¡°“√ μ√«® Õ∫·≈–°√√¡°“√ºŸâ®—¥°“√¢Õß∫√‘…—∑ à«π°√√¡°“√∑à“π∑’Ë ‡À≈◊Õ∑ÿ°∑à“π‰¥âºà“πÀ≈—° Ÿμ√ Director Accreditation Program „πªï 2546

the company’s business plan.

➛

Every Director shall have the qualification as required by

the Regulations of the Security Exchange of Thailand and be a knowledgeable, capable and resourceful person. Two Directors of the Board possess degrees in finance and accountancy. Another two Directors, who also serve as Audit Committee Chairman and Managing Director of the company, have passed a training course Directors Certification Program, by Institution of Directors of Thai Corporate Directors Support Association. All the other Directors also have passed the program - Director Accreditation Program in 2003.

ROLE MODELS, DUTIES AND RESPONSIBILITIES OF THE BOARD OF DIRECTORS 1. The Board of Directors must be knowledgeable, competent and skillful to benefit the business administration, and having full interest in the business of the company for whom they

∫∑∫“∑ Àπâ“∑’Ë ·≈–§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√∫√‘…—∑ 1. °√√¡°“√μâÕß¡’§«“¡√Ÿâ §«“¡ “¡“√∂ ·≈–ª√– ∫°“√≥å ∑’Ë‡ªìπª√–‚¬™πåμàÕ°“√¥”‡π‘π∏ÿ√°‘® ¡’§«“¡ π„®„π°‘®°“√¢Õß ∫√‘…—∑∑’Ëμπ‡Õß‡ªìπ°√√¡°“√ ¡’§«“¡μ—Èß„®·≈–¡’®√‘¬∏√√¡„π°“√ ¥”‡π‘π∏ÿ√°‘® 2. °√√¡°“√μâ Õ ßªØ‘ ∫— μ‘ À πâ “ ∑’Ë „ Àâ ‡ ªì π ‰ªμ“¡°ÆÀ¡“¬ «—μ∂ÿª√– ß§å·≈–¢âÕ∫—ß§—∫¢Õß∫√‘…—∑ μ≈Õ¥®π¡μ‘∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ¥â«¬§«“¡´◊ËÕ —μ¬å ÿ®√‘μ √–¡—¥√–«—ß√—°…“º≈ª√–‚¬™πå¢Õß∫√‘…—∑

are directors, also committed to doing business with dedications and ethic. 2. The Board of Directors must carry their duties with integrity according to the laws, the objectives and regulations of the company as well as obeying the resolutions of the Shareholders’ meeting, and also treasuring the company’s benefits and interests and constantly accountable to the shareholders.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

·≈–¡’§«“¡√—∫º‘¥™Õ∫μàÕºŸâ∂◊ÕÀÿâπ‚¥¬ ¡Ë”‡ ¡Õ 3. §≥–°√√¡°“√∫√‘ …— ∑ ¡’ À πâ “ ∑’Ë °”Àπ¥π‚¬∫“¬·≈– ∑‘»∑“ß°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ ·≈–°”°—∫§«∫§ÿ¡¥Ÿ·≈„ÀâΩÉ“¬ ®— ¥ °“√¥”‡π‘ π °“√„Àâ ‡ ªì π ‰ªμ“¡π‚¬∫“¬∑’Ë °”Àπ¥‰«â Õ ¬à “ ß¡’ ª√– ‘∑∏‘¿“æ·≈–ª√– ‘∑∏‘º≈ ‡æ◊ËÕ‡æ‘Ë¡¡Ÿ≈§à“∑“ß‡»√…∞°‘® Ÿß ÿ¥ „Àâ·°à°‘®°“√·≈–§«“¡¡—Ëß§—Ëß Ÿß ÿ¥„Àâ·°àºŸâ∂◊ÕÀÿâπ 4. §≥–°√√¡°“√§«√μ‘¥μ“¡°“√¥”‡π‘π°“√¢Õß∫√‘…—∑ μ≈Õ¥‡«≈“ ·≈–§«√‰¥â√—∫√Ÿâ∂÷ß°“√ªØ‘∫—μ‘μ“¡°ÆÀ¡“¬·≈–¢âÕ °”Àπ¥„π —≠≠“∑’Ë‡°’Ë¬«¢âÕß¢Õß∫√‘…—∑ ·≈–§«√°”™—∫„ÀâΩÉ“¬ ®—¥°“√∫Õ°°≈à“«‡√◊ËÕß∑’Ë ”§—≠¢Õß∫√‘…—∑ ‡æ◊ËÕ„Àâ°“√¥”‡π‘π°“√ ¢Õß∫√‘…—∑‡ªìπ‰ªÕ¬à“ß¡’ª√– ‘∑∏‘º≈ 5. §≥–°√√¡°“√§«√¥”‡π‘ π °“√„Àâ ∫ √‘ …— ∑ ¡’ √ –∫∫°“√ §«∫§ÿ¡¿“¬„π ·≈–°“√μ√«® Õ∫¿“¬„π∑’Ë¡’ª√– ‘∑∏‘º≈ 6. °√√¡°“√∑’Ë ‡ ªì π Õ‘ √–·≈–°√√¡°“√®“°¿“¬πÕ°Õ◊Ë π

3. The Board of Directors has the duty of setting forth the policy and the direction for the company’s business operation and also supervising the management to run the operation according to the imposed policy with efficiency and effectiveness so that the company’s business value the shareholder’s prosperity shall be best increased. 4. The Board of Directors shall constantly follow up the company’s business operation and shall acknowledge the company’s abiding by law and complying with terms and conditions under agreements binding on the company. Furthermore, they shall insist on the communications from the management on the important matters of the company so as to make sure that the business is running effectively. 5. The Board of Directors shall enact to establish an internal control system for the company and also an effective internal audit system. 6. The independent directors and other directors from outside shall be ready to exercise their freedom of judgement in considering and planning corporate strategies, administration, resource management, director appointment and performance standard as well as being prompted to object the actions of any director or of the management in case of any dispute risen over the influence on the equality of every shareholder. 7. If need be, the Board of Directors shall seek professional opinions from outside counsellors pertaining to business

§«√æ√âÕ¡∑’Ë®–„™â¥ÿ≈¬æ‘π‘®¢ÕßμπÕ¬à“ß‡ªìπÕ‘ √– „π°“√æ‘®“√≥“ °”Àπ¥°≈¬ÿ∑∏å °“√∫√‘À“√ß“π °“√„™â∑√—æ¬“°√ °“√·μàßμ—Èß °√√¡°“√ ·≈–°“√°”Àπ¥¡“μ√∞“π°“√¥”‡π‘π°‘®°“√ μ≈Õ¥®π æ√âÕ¡∑’Ë®–§—¥§â“π°“√°√–∑”¢Õß°√√¡°“√Õ◊ËπÊ À√◊ÕΩÉ“¬®—¥°“√ „π°√≥’∑’Ë¡’§«“¡‡ÀÁπ¢—¥·¬âß„π‡√◊ËÕß∑’Ë¡’º≈°√–∑∫μàÕ§«“¡‡∑à“‡∑’¬¡ °—π¢ÕßºŸâ∂◊ÕÀÿâπ∑ÿ°√“¬ 7. „π°√≥’∑’Ë®”‡ªìπ §≥–°√√¡°“√Õ“®· «ßÀ“§«“¡‡ÀÁπ ∑“ß«‘™“™’æ®“°∑’Ëª√÷°…“¿“¬πÕ°‡°’Ë¬«°—∫°“√¥”‡π‘π°‘®°“√¥â«¬§à“ „™â®à“¬¢Õß∫√‘…—∑ 8. §≥–°√√¡°“√§«√®—¥„Àâ¡’‡≈¢“πÿ°“√∫√‘…—∑ ‡æ◊ËÕ™à«¬ ¥Ÿ·≈°‘®°√√¡μà“ßÊ ¢Õß§≥–°√√¡°“√ ·≈–™à«¬„Àâ§≥–°√√¡°“√ ·≈–∫√‘…—∑ªØ‘∫—μ‘„Àâ‡ªìπ‰ªμ“¡°ÆÀ¡“¬·≈–√–‡∫’¬∫¢âÕ∫—ß§—∫∑’Ë ‡°’Ë¬«¢âÕßμà“ßÊ 9. §≥–°√√¡°“√§«√®— ¥ „Àâ ¡’ ∫ ∑∫— ≠ ≠— μ‘ ‡ °’Ë ¬ «°— ∫ ®√√¬“ ∫√√≥∑“ß∏ÿ√°‘® ‰¥â·°à ®√‘¬∏√√¡∑“ß∏ÿ√°‘® ®√‘¬∏√√¡¢Õß°√√¡°“√ ¢ÕßºŸâ∫√‘À“√·≈–æπ—°ß“π‡æ◊ËÕ‡ªìπ·π«∑“ßªØ‘∫—μ‘¿“¬„πÕß§å°√

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

management on the company’s expense. 8. The Board of Directors shall provide a corporate secretary to look after the activities of the Board and assist the Board and the company in complying with the pertinent laws, rules and regulations 9. The Board of Directors shall provide the code of conduct of business etiquette which includes ethics of the corporate and of the directors, the management and employees so that there would be a guideline for practice in the organization.

PRINCIPLE 6 : Conflict of Interest

➛

To prevent any conflict of interest, the Board of Directors

has taken sufficient caution whenever any probably conflict of interest happens by means of imposing a policy and procedure of approving the connection items in writings including setting a policy and approach in deterring those in the Management and other relevant persons to make use of the company’s internal information

À≈—°°“√¢âÕ 6 §«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ➛ ‡æ◊ÕË ªÑÕß°—π§«“¡¢—¥·¬âß∑“ßª√–‚¬™πå §≥–°√√¡°“√‰¥â¥·Ÿ ≈ Õ¬à“ß√Õ∫§Õ∫ ‡¡◊ÕË ‡°‘¥√“¬°“√∑’ÕË “®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ‚¥¬°”Àπ¥π‚¬∫“¬·≈–¢—ÈπμÕπ°“√Õπÿ¡—μ‘√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π‰«â ‡ªìπ≈“¬≈—°…≥åÕ—°…√ √«¡∑—Èß°”Àπ¥π‚¬∫“¬·≈–«‘∏’°“√¥Ÿ·≈‰¡à „Àâ ºŸâ ∫ √‘ À “√·≈–ºŸâ ‡ °’Ë ¬ «¢â Õ ßπ”¢â Õ ¡Ÿ ≈ ¿“¬„π¢Õß∫√‘ …— ∑ ‰ª„™â ‡ æ◊Ë Õ ª√–‚¬™πå à«πμπ ¥—ßπ’È ➛ √“¬°“√∑’Ë Õ “®¡’ § «“¡¢— ¥ ·¬â ß ∑“ßº≈ª√–‚¬™πå : §≥– °√√¡°“√‰¥â∑√“∫∂÷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¢Õßμ≈“¥À≈—°∑√—æ¬å ‚¥¬√“§“·≈–‡ß◊ËÕπ‰¢‡ ¡◊Õπ∑”√“¬°“√°—∫∫ÿ§§≈¿“¬πÕ° ·≈–‰¥â ‡ªî¥‡º¬√“¬≈–‡Õ’¬¥ ¡Ÿ≈§à“√“¬°“√ §Ÿà —≠≠“ ‡Àμÿº≈·≈–§«“¡ ®”‡ªìπ‰«â „π√“¬ß“πª√–®”ªï ·≈–·∫∫ 56-1 ➛ °“√¥Ÿ·≈‡√◊ÕË ß°“√„™â¢Õâ ¡Ÿ≈¿“¬„π : °”Àπ¥„Àâº∫Ÿâ √‘À“√√“¬ß“π °“√‡ª≈’Ë¬π·ª≈ß°“√∂◊ÕÀ≈—°∑√—æ¬åμàÕ ”π—°ß“π°”°—∫À≈—°∑√—æ¬å ·≈–μ≈“¥À≈—°∑√—æ¬å μ“¡¡“μ√“ 59 ·Ààßæ√–√“™∫—≠≠—μ‘À≈—° ∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å æ.». 2535 ·≈–Àâ“¡‰¡à „ÀâºŸâ∫√‘À“√ À√◊ÕÀπà«¬ß“π∑’Ë ‰¥â√—∫∑√“∫¢âÕ¡Ÿ≈¿“¬„π·≈–‡ªî¥‡º¬¢âÕ¡Ÿ≈¿“¬„π ·°à∫ÿ§§≈¿“¬πÕ°·≈–∫ÿ§§≈∑’Ë ‰¡à¡’Àπâ“∑’Ë‡°’Ë¬«¢âÕß ®÷ß‰¥â°”Àπ¥ ¡“μ√°“√ªÑÕß°—π°√√¡°“√ ºŸâ∫√‘À“√·≈–ºŸâ‡°’Ë¬«¢âÕß„™âª√–‚¬™πå ®“°¢âÕ¡Ÿ≈¿“¬„π ¥—ßπ’È 1. ¢âÕ¡Ÿ≈Õ—π‡ªìπ§«“¡≈—∫∑“ß∏ÿ√°‘®∂◊Õ‡ªìπ‡Õ° “√§«∫§ÿ¡ ®–∂Ÿ°‡¢â“∂÷ß ‡©æ“–ºŸâ‡°’Ë¬«¢âÕß®√‘ßÊ ·≈–‰¡àÕπÿ≠“μ„Àâ¡’°“√∑” ”‡π“ ”À√—∫¢âÕ¡Ÿ≈¥—ß°≈à“« ¡’°“√°”Àπ¥ºŸâ√—∫º‘¥™Õ∫„π°“√®—¥ ‡°Á∫¢âÕ¡Ÿ≈¥—ß°≈à“« 2. ∫√‘…—∑‰¥âªØ‘∫—μ‘μ“¡¢âÕ°”Àπ¥¢Õß ”π—°ß“π °≈μ. ∑’Ë ®–„Àâ¡°’ “√√“¬ß“π°“√´◊ÕÈ ¢“¬À≈—°∑√—æ¬å¢Õß°√√¡°“√·≈–ºŸ∫â √‘À“√ μàÕ ”π—°ß“π °≈μ. 3. æπ—°ß“π√“¬‡¥◊Õπ¢Õß∫√‘…—∑∑ÿ°§π „Àâ√“¬ß“π°“√´◊ÈÕ ¢“¬À≈—°∑√—æ¬åμàÕΩÉ“¬∫ÿ§§≈¿“¬„π 3 «—π À≈—ß«—π∑’Ë¡’°“√´◊ÈÕ¢“¬ À≈—°∑√—æ¬å À≈—°°“√¢âÕ 7 ®√‘¬∏√√¡∏ÿ√°‘® ➛ ∫√‘…—∑‰¥âÕÕ°¢âÕæ÷ßªØ‘∫—μ‘‡°’Ë¬«°—∫®√√¬“∫√√≥¢ÕßºŸâ∫√‘À“√ ΩÉ“¬®—¥°“√·≈–æπ—°ß“π‡æ◊ËÕ„ÀâºŸâ∑’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§¡ ‚¥¬μ‘¥ª√–°“»∂“«√„ÀâºŸâ∑’Ë‡°’Ë¬«¢âÕß‰¥â√—∫ ∑√“∫·≈–∫Õ°°≈à“«„Àâæπ—°ß“π‰¥â∑√“∫„π‚Õ°“ μà“ßÊ

for personal benefits, as follows:

➛

Items of probably conflict of interest : the Board of Directors

realizes the nature of the conflict of interest items as well as the connection items and has retrospectively considered the righteousness of each case. Moreover, there is constant compliance with the norm of the Security Exchange of Thailand wherein the records of price and condition are same as those made with the outsiders. And also, there are still enough disclosures in our Annual Report and in Form 56-1 of the details, each transactional amount, names of concerned parties, reasons and needs in each case.

➛

Use of internal information is well taken care of: The

executives are required to report on changes in their securities holding to the Office of the Security Exchange Commission according to Section 59 of Securities and Security Exchange Act B.E. 2535. Further, the executives who know the internal information to outsiders and to those not involved. There is a measure to prevent directors and executives and also others from making use of internal information as follows: 1. Data considered business secret shall be kept under control and shall be accessible to only those actually involved and shall not be allowed to make duplicate copy of such and there shall be in charge person appointed to safely keep those business secret data. 2. Trading of securities held by directors and executives shall be reported to the Office of the Security Exchange Commission according to the Regulations of the Securities Exchange of Thailand with which the company must comply. 3. Trading of securities held by salary employees of the company shall be reported to the Personnel Department within 3 days after trading such securities.

PRINCIPLE 7: BUSINESS ETHIC

➛

There are rules of practice on the ethic to be cherished by

the executives, the management and employees so that all concerned parties shall abide by the rule in performing their duties for the company with integrity and fair play towards the company, all groups of stakeholders, the public sector and the society. The rules have been permanently affixed on the bulletin board of the company so that all those concerned shall acknowledge and also notified to our employees in various occasions from time to time.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

À≈—°°“√¢âÕ 8 °“√∂à«ß¥ÿ≈¢Õß°√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√ ➛ Õß§åª√–°Õ∫¢Õß§≥–°√√¡°“√∫√‘…—∑ ¡’®”π«π 10 ∑à“π ª√–°Õ∫¥â«¬ °√√¡°“√∑’‡Ë ªìπºŸ∫â √‘À“√ 4 ∑à“π ¥”√ßμ”·Àπàßª√–∏“π §≥–°√√¡°“√∫√‘…—∑ 1 ∑à“π °√√¡°“√ºŸâ®—¥°“√ 1 ∑à“π ·≈–°√√¡°“√∫√‘À“√ 2 ∑à“π °√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√ 3 ∑à“π ¥”√ßμ”·Àπàß√Õß ª√–∏“π§≥–°√√¡°“√∫√‘…—∑ 1 ∑à“π ·≈–°√√¡°“√ ®“°∫√‘…—∑„π°≈ÿà¡ 2 ∑à“π °√√¡°“√∑’Ë‡ªìπÕ‘ √– 3 ∑à“π ¥”√ßμ”·Àπàßª√–∏“π §≥–°√√¡°“√μ√«® Õ∫ 1 ∑à“π·≈–°√√¡°“√μ√«® Õ∫ 2 ∑à“π §‘¥‡ªìπ√âÕ¬≈– 30 ¢Õß°√√¡°“√∑—Èß§≥– ‚§√ß √â“ß§≥–°√√¡°“√¢Õß∫√‘…∑— ª√–°Õ∫¥â«¬°√√¡°“√∑’Ë ‡ªìπÕ‘ √–·≈–°√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√∂÷ß√âÕ¬≈– 60 ¢Õß °√√¡°“√∑—Èß§≥– ´÷Ëß®–∑”„Àâ‡°‘¥°“√∂à«ß¥ÿ≈·≈–°“√ Õ∫∑“π °“√∫√‘À“√ß“π

PRINCIPLE 8: Balanced Power By the Non-Executive Directors

➛

which there are: ■

■

4 Executive Directors - one being appointed Chairman

of the Board of Directors, another being appointed Managing Director and the other two being Executive Directors ■

■

3 Non-executive Directors, one being appointed Vice

Chairman of the Board of Directors and the other two selected from directors of our affiliated companies. ■

■

À≈—°°“√¢âÕ 9 °“√√«¡À√◊Õ°“√·¬°μ”·Àπàß ➛ ª√–∏“π°√√¡°“√∫√‘ …— ∑ ‡ªì π Àπ÷Ë ß „πºŸâ ∂◊ Õ Àÿâ π √“¬„À≠à ∂◊ÕÀÿâπª√–¡“≥√âÕ¬≈– 12 ¢ÕßÀÿâπ∑—ÈßÀ¡¥ ·≈–¥”√ßμ”·Àπàß‡ªìπ ª√–∏“π°√√¡°“√∫√‘ À “√¥â « ¬ ·μà ‰ ¡à ‡ ªì π ∫ÿ § §≈‡¥’ ¬ «°— π °— ∫ °√√¡°“√ºŸâ®—¥°“√ ·≈–°√√¡°“√ºŸâ®—¥°“√°Á ‰¡à ‰¥â‡ªìπμ—«·∑π¢ÕßºŸâ ∂◊ÕÀÿâπ ¥—ßπ—Èπª√–∏“π°√√¡°“√·≈–°√√¡°“√ºŸâ®—¥°“√®÷ß¡’§«“¡ ‡ªìπÕ‘ √–„π°“√∫√‘À“√ß“πμ“¡∫∑∫“∑·≈–Õ”π“®Àπâ“∑’Ë∑’Ë·¬°°—π

Constitution of our board of Directors have 10 Directors in

3 Independent Directors, one being appointed Chairman

of the Audit Committee and two being Audit Committee Members. This part accounts for 30% of the whole board. The structure of our Board of Directors is constituted that Independent Directors plus Non-Executive Directors integrate into 60% of the whole board which will enable balance of power and cross checks in the administration.

PRINCIPLE 9: Dual Role or Separated Role

➛

The company’s Chairman of the Board of Directors is one of

the major shareholders of the company, holding approximately 12 percent of the total shares. While being the Chairman of the Executive Board, he is not the company’s Managing Director. Meanwhile, the Managing Director is not the Shareholders’ representative. Therefore, both the Chairman of the Executive Board and the Managing Director are independent at work from each

À≈—°°“√¢âÕ 10 §à“μÕ∫·∑π¢Õß°√√¡°“√·≈–ºŸâ∫√‘À“√ ➛ ∫√‘…∑— ‰¥â°”Àπ¥π‚¬∫“¬§à“μÕ∫·∑π°√√¡°“√‰¥âÕ¬à“ß™—¥‡®π ·≈–‚ª√àß„ ‚¥¬§à“μÕ∫·∑πÕ¬Ÿà „π√–¥—∫‡¥’¬«°—∫Õÿμ “À°√√¡ ·≈– Ÿ ß ‡æ’ ¬ ßæÕ∑’Ë ® –¥Ÿ · ≈·≈–√— ° …“°√√¡°“√∑’Ë ¡’ §ÿ ≥ ¡∫— μ‘ μ “¡ μâÕß°“√ ·≈–‰¥â¢ÕÕπÿ¡—μ‘®“°∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ„π«ß‡ß‘π‰¡à‡°‘π 4 ≈â“π∫“∑ ‡æ◊ËÕ®à“¬‡ªìπ‡∫’È¬ª√–™ÿ¡ ∫”‡ÀπÁ® ·≈–§à“„™â®à“¬Õ◊ËπÊ ·°à §≥–°√√¡°“√ ‚¥¬„Àâ§≥–°√√¡°“√π”‰ª®—¥ √√‡Õß °√√¡°“√∑’Ë ‰¥â√—∫¡Õ∫À¡“¬„Àâ‡ªìπ°√√¡°“√μ√«® Õ∫‰¥â√—∫§à“μÕ∫·∑π‡æ‘Ë¡ μ“¡ª√‘¡“≥ß“π∑’Ë‡æ‘Ë¡¢÷Èπ §à“μÕ∫·∑πºŸâ∫√‘À“√‡ªìπ‰ªμ“¡À≈—°°“√ ·≈–π‚¬∫“¬∑’Ë Õ¥§≈âÕß°—∫º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑·≈–º≈ °“√¥”‡π‘πß“π¢ÕßºŸâ∫√‘À“√·μà≈–∑à“π ➛ §à“μÕ∫·∑π„πªï 2546 ∫√‘…—∑‰¥â®à“¬§à“μÕ∫·∑πμà“ßÊ „Àâ ·°à°√√¡°“√·≈–ºŸâ∫√‘À“√ ¥—ßπ’È 1. §à“μÕ∫·∑π°√√¡°“√ ”À√—∫ªï 2546 √«¡ 10 ∑à“π ‡ªìπ®”π«π‡ß‘π 3,868,000.-∫“∑ ‡ªìπº≈μÕ∫·∑π¢Õß‡∫’È¬ª√–™ÿ¡ ª√–®”‡¥◊Õπ ∫”‡ÀπÁ®°√√¡°“√ª√–®”ªï·≈–§à“μÕ∫·∑π§≥– °√√¡°“√μ√«® Õ∫ √“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

other, having separated role and capacity.

PRINCEPLE 10: Remuneration for the Board of Directors and the Executives

➛

The company has imposed a policy for remunerating the

directors in clear and transparent manner. The rate of remuneration is according to the industrial value level and high enough to take care of and maintain the qualified directors as needed. The extent of remuneration as approved by the Shareholders’ Meeting is not exceeding 4 millions baht for expensing as meeting allowances, bonus and other expenditures for the Board of Directors and which the Board shall take care of allotting its amount. The directors elected as the Audit Committee shall receive higher remuneration according to the increased tasks. The director remuneration is set to follow the principles and policy which are in line with the company’s operational result and the individual performance of each director.

2. §à“μÕ∫·∑π°√√¡°“√∫√‘À“√·≈–ºŸ∫â √‘À“√¢Õß∫√‘…∑— √«¡ 6 ∑à“π ªï 2546 ‡ªìπ®”π«π‡ß‘π 18,550,760.- ∫“∑ ·≈–‰¥â√—∫ ‡ß‘π∑ÿπ ”√Õß‡≈’¬È ß™’æ à«π∑’®Ë “à ¬‚¥¬∫√‘…∑— √«¡°—π 438,544.75 ∫“∑ §à“μÕ∫·∑πÕ◊ËπÊ ∑’Ë ‰¡à „™àμ—«‡ß‘π - √∂ª√–®”μ”·Àπàß¢Õß ΩÉ“¬∫√‘À“√·≈–°√√¡°“√∫“ß∑à“π ·≈–ºŸâ∫√‘À“√ 1 ∑à“π¡’∫â“πæ—°

➛

The Remuneration in 2003 was paid to our directors and

executives in various expenditures as follows: 1. The remuneration for the 10 Directors of 2003 amounted to 3,868,000 baht for being monthly meeting allowance , annual director reward, and Audit Commission reward. 2. Remuneration for executive directors and the

À≈—°°“√¢âÕ 11 °“√ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑ ➛ ∫√‘…∑— ‰¥â®¥— ª√–™ÿ¡§≥–°√√¡°“√∫√‘…∑— Õ¬à“ß ¡Ë”‡ ¡ÕÕ¬à“ß πâÕ¬‡¥◊Õπ≈– 1 §√—ßÈ ‚¥¬ª°μ‘‡ªìπª√–®”∑ÿ°«—πÕ—ß§“√∑’Ë 3 ¢Õß‡¥◊Õπ ·≈–¡’°“√ª√–™ÿ¡æ‘‡»…‡æ‘Ë¡μ“¡§«“¡®”‡ªìπ ‚¥¬¡’°“√°”Àπ¥ «“√–™—¥‡®π ‡æ◊ËÕ∑∫∑«π·≈–æ‘®“√≥“º≈ª√–°Õ∫°“√·≈–°“√ ªØ‘∫—μ‘°“√¢Õß∫√‘…—∑ μ≈Õ¥®πß∫°“√‡ß‘πª√–®”‡¥◊Õπ·≈–°”Àπ¥ π‚¬∫“¬°“√∫√‘À“√∑’Ë ”§—≠·≈–®”‡ªìπ ‚¥¬¡’‡≈¢“πÿ°“√∫√‘…—∑·®âß «“√–°“√ª√–™ÿ¡„Àâ§≥–°√√¡°“√∑√“∫ ¥â«¬°“√®—¥ àßÀπ—ß ◊Õ ‡™‘≠ª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑·≈–‡Õ° “√ª√–°Õ∫°“√ª√–™ÿ¡ ≈à«ßÀπâ“ °àÕπ«—πª√–™ÿ¡‰¡àπâÕ¬°«à“ 7 «—π ª°μ‘°“√ª√–™ÿ¡·μà≈– §√—Èß®–„™â‡«≈“ª√–¡“≥ 2 - 3 ™—Ë«‚¡ß ‚¥¬„πªï 2546 ∑’Ëºà“π¡“ §≥–°√√¡°“√¡’°“√ª√–™ÿ¡μ“¡«“√–ª°μ‘®”π«π 12 §√—Èß ·≈– ª√–™ÿ¡μ“¡«“√–æ‘‡»… ®”π«π 1 §√—Èß √«¡∑—Èß ‘Èπ 13 §√—Èß ‚¥¬ °“√‡¢â“√à«¡ª√–™ÿ¡¢Õß§≥–°√√¡°“√∫√‘…∑— ·μà≈–∑à“π √ÿª‰¥â ¥—ßπ’È

√“¬™◊ËÕ

«“√–°“√¥”√ß μ”·Àπàß (ªï∑’Ë) Office Term (Which year)

1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

π“¬æ‘æ—≤ æ–‡π’¬ß‡«∑¬å π“¬‰°√¬ß ∏π¬ßæ‘∫Ÿ≈ π“¬∫ÿ≠‡ªïò¬¡ ‡Õ’Ë¬¡√ÿàß‚√®πå π“¬Õ¿‘™“μ‘ ∏√√¡¡‚π¡—¬ π“ß‡æÁ≠π¿“ ∏π “√»‘≈ªá π“ß “«À∑—¬√—μπå °«â“ß®‘μμåÕ“√’¬å π“ß ¥„ À“≠™π– π“ß„®√—°…å °âÕπ∑Õß æ≈‚∑ æ‘»“≈ ‡∑æ ‘∑∏“ π“¬·æ∑¬å ÿ√æ®πå ÿ«√√≥æ“π‘™

3 4 2 2 2 1 1 1 3 3

management of the company total 6 persons in 2003 amounted to 18,550,760 and received provident funds to which the company had allocated total 438,544.75 baht Other non-monetary remuneration - cars for executives and some directors and a residence for one executive.

PRINCIPLE 11 : Holding the Meetings of the Board of Directors

➛

The company would hold meetings of the Board of Directors

consecutively at least once every month normally on the third Tuesday of the month. And there would be special meetings in addition also, if need be. The agenda of the meetings is clearly set forth for the reviews and considerations made on the company’s operational result and performances and also the monthly financial statements as well as for contemplating the necessary and needed

°“√‡¢â“√à«¡ª√–™ÿ¡/°“√ª√–™ÿ¡∑—ÈßÀ¡¥ (§√—Èß) Meeting participation/total number of meeting (times)

°“√ª√–™ÿ¡«“√–ª°μ‘ °“√ª√–™ÿ¡«“√–æ‘‡»… Ordinary meeting Extraordinary meeting

12/12 12/12 12/12 9/12 12/12 12/12 11/12 12/12 11/12 12/12

1/1 1/1 1/1 1/1 1/1 1/1 1/1

Name

√«¡ Total

13/13 13/13 13/13 9/13 12/13 13/13 12/13 12/13 12/13 13/13

Mr. Pipat Paniangvait Mr. Kraiyong Tanayongpibul Mr. Boonpiam Eamroongroj Mr. Apichart Thammanomai Ms. Pennapha Dhanasarnsilp Ms. Hatairat Kwangchit-Aree Ms. Sodsai Harnchana Ms. Jairuk Konthong LT.Gen.Phisal Thepsithar Dr. Surapoch Suwonpanich

À¡“¬‡Àμÿ: «“√–°“√ª√–™ÿ¡‡√‘Ë¡μ—Èß·μà‡¥◊Õπ¡°√“§¡ ∂÷ß ∏—π«“§¡ 2546 Remark:

The meeting started from January to December 2003

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

∑—Èßπ’È ‰¥â¡’°“√®¥∫—π∑÷°°“√ª√–™ÿ¡‡ªìπ≈“¬≈—°…≥åÕ—°…√ ·≈–®—¥‡°Á∫√“¬ß“π°“√ª√–™ÿ¡∑’Ëºà“π°“√√—∫√Õß®“°§≥–°√√¡°“√ ¢Õß∫√‘…—∑ ‚¥¬°√√¡°“√·μà≈–∑à“π‰¥â√—∫√“¬ß“π°“√ª√–™ÿ¡≈à«ß Àπâ“°àÕπ°“√√—∫√Õß‰¡àπâÕ¬°«à“ 7 «—π

policy for the time. The directors shall be notified of the next meeting schedule and agenda by the invitational letters sent by the corporate secretary together with attachments if any for use in the meeting at least 7 days prior to the meeting day. Each meeting, normally, would take 2-3 hours time. In 2003, there were 12 normal

À≈—°°“√¢âÕ 12 §≥–Õπÿ°√√¡°“√ ➛ §≥–°√√¡°“√∫√‘…∑— ‰¥â·μàßμ—ßÈ §≥–Õπÿ°√√¡°“√‡æ◊ÕË ™à«¬„π °“√°”°—∫¥Ÿ·≈°‘®°“√¢Õß∫√‘…—∑ ‚¥¬®—¥μ—Èß§≥–°√√¡°“√μ√«® Õ∫ ¢÷Èπ‡ªìπ§√—Èß·√°‡¡◊ËÕ«—π∑’Ë 19 μÿ≈“§¡ 2542 ➛ §≥–°√√¡°“√μ√«® Õ∫™ÿ¥ªí®®ÿ∫π— ‰¥â√∫— °“√·μàßμ—ßÈ ‡¡◊ÕË «—π∑’Ë 28 ‡¡…“¬π 2546 ¡’«“√–°“√¥”√ßμ”·Àπàß§√“«≈– 1 ªï À√◊Õ¡’ «“√–‡∑à “ ‡æ’ ¬ ß®”π«π∑’Ë ¬— ß §ß¡’ Õ ¬Ÿà „ π§≥–°√√¡°“√∫√‘ …— ∑ °√√¡°“√∑’Ëæâπ®“°μ”·Àπàßμ“¡«“√–¡’ ‘∑∏‘Ï ‰¥â√—∫‡≈◊Õ°°≈—∫‡¢â“¡“ „À¡à ‰¥â ·≈–°”Àπ¥™à«ß¢Õß«“√–°“√¥”√ßμ”·Àπàß§≥–°√√¡°“√

monthly meetings and the other one special meetings, total 13 meetings. The presenting of each director in any of the meetings was also made of record.

➛

By the way, each meeting was recorded as minutes of the

meeting which has to be approved by the Board of Directors before being kept in the file. Every director shall receive the minutes of the meeting at least 7 days before endorsing their approval.

PRINCIPLE 12 : Board of Committee

➛

The Board of Directors has appointed other board of

committee to assist in supervising the corporate management such as the Audit Committee which was firstly set up on 19th October, 1999.

➛

The present Audit Committee has been appointed since 28th

April 2003 with a 1-year office term or the term equal to the remaining term in the directorship of the committee. However, Directors who finished their directorship term can be reelected. The office term of the Audit Committee is set at the same length as of the term of the directorship. The present Audit Committee is consisted of the 3 Independent Directors as follows:

μ√«® Õ∫‡À¡◊Õπ°—∫§≥–°√√¡°“√∫√‘…—∑ ª√–°Õ∫¥â«¬°√√¡°“√ Õ‘ √– 3 ∑à“π ¥—ßπ’È 1. æ≈‚∑ æ‘»“≈ ‡∑æ ‘∑∏“ ª√–∏“π°√√¡°“√ μ√«® Õ∫ 2. π“¬·æ∑¬å ÿ√æ®πå ÿ«√√≥æ“π‘™ °√√¡°“√μ√«® Õ∫ 3. π“ß„®√—°…å °âÕπ∑Õß °√√¡°“√μ√«® Õ∫ 4. π“ß “«À∑—¬√—μπå °«â“ß®‘μμåÕ“√’¬å ‡≈¢“πÿ°“√§≥–(ºŸâ®—¥°“√∫√‘À“√) °√√¡°“√μ√«® Õ∫ ➛ °√√¡°“√μ√«® Õ∫¡’°“√ª√–™ÿ¡ ¡Ë”‡ ¡Õ ·≈–√“¬ß“πμàÕ §≥–°√√¡°“√∫√‘…∑— ∑ÿ°Ê 3 ‡¥◊Õπ ·≈–‡¡◊ÕË ¡’°√≥’æ‡‘ »… „πªï 2546 ¡’°“√ª√–™ÿ¡∑—Èß ‘Èπ 9 §√—Èß ‡ªìπ°“√ª√–™ÿ¡¢Õß§≥–°√√¡°“√ μ√«® Õ∫ 8 §√—Èß æ∫°—∫ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ¢Õß∫√‘…—∑ 1 §√—Èß ➛ ¢Õ∫‡¢μ Àπâ“∑’·Ë ≈–§«“¡√—∫º‘¥™Õ∫·≈–°“√√“¬ß“πμàÕ§≥– °√√¡°“√∫√‘…—∑ ¥—ßμàÕ‰ªπ’È 1. Õ∫∑“π„Àâ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ¡’°“√√“¬ß“π°“√‡ß‘π Õ¬à“ß∂Ÿ°μâÕß·≈–‡ªî¥‡º¬Õ¬à“ß‡æ’¬ßæÕ ‚¥¬°“√ª√– “πß“π°—∫ºŸâ

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

LT-General Pisal Thepsithar

Audit Committee Chairman

Dr. Surapoj Suwonpanich

Audit Committee

Ms. Jairak Konthong

Audit Committee

Ms.Hatairat Kwangchit-Aree

Secretary to

(Executive Manager)

➛

the Audit Committee

The Audit Committee would hold meeting consecutively and

report to the Board of Directors every 3 months and whenever special event arises. In 2003, there were 9 meetings held, 8 meetings with the company’s Auditor and 1 meetings with the Management.

➛

Scope of Duties and Responsibilities and Accountability to

the Board of Directors - As Follows : 1. Reviewing that the company and its subsidiaries have correct financial reports with adequate disclosure by means of consulting with the external auditor and the management who is responsible for making out the financial reports on both quarterly

Õ∫∫— ≠ ™’ ¿ “¬πÕ° ·≈–ºŸâ ∫ √‘ À “√∑’Ë √— ∫ º‘ ¥ ™Õ∫®— ¥ ∑”√“¬ß“π ∑“ß°“√‡ß‘π∑—Èß√“¬‰μ√¡“ ·≈–ª√–®”ªï 2. Õ∫∑“π„Àâ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ¡’√–∫∫°“√§«∫§ÿ¡ ¿“¬„π·≈–°“√μ√«® Õ∫¿“¬„π∑’Ë ¡’ § «“¡‡À¡“– ¡·≈–¡’ ª√– ‘∑∏‘¿“æ ‚¥¬ Õ∫∑“π√à«¡°—∫ºŸâ Õ∫∫—≠™’¿“¬πÕ°·≈–ºŸâμ√«® Õ∫¿“¬„π∂÷ ß §«“¡‡æ’ ¬ ßæÕ¢Õß√–∫∫°“√μ√«® Õ∫·≈–°“√ §«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑ 3. Õ∫∑“π°“√ªØ‘∫—μ‘¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ „Àâ‡ªìπ‰ª μ“¡°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ¢âÕ°”Àπ¥ ¢Õßμ≈“¥À≈—°∑√—æ¬å ·≈–°ÆÀ¡“¬Õ◊Ëπ∑’Ë‡°’Ë¬«¢âÕß 4. æ‘ ® “√≥“§— ¥ ‡≈◊ Õ °·≈–‡ πÕ·μà ß μ—È ß ºŸâ Õ∫∫— ≠ ™’ ¢ Õß ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ √«¡∂÷ßæ‘®“√≥“‡ πÕ§à“μÕ∫·∑π¢ÕßºŸâ Õ∫ ∫—≠™’ 5. æ‘®“√≥“‡ªî¥‡º¬¢âÕ¡Ÿ≈¢Õß∫√‘…—∑„π°√≥’∑’Ë‡°‘¥√“¬°“√ ‡°’Ë¬«‚¬ß À√◊Õ√“¬°“√∑’ËÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå„Àâ¡’ §«“¡∂Ÿ°μâÕß·≈–§√∫∂â«π 6. ®— ¥ ∑”√“¬ß“π°‘ ® °√√¡¢Õß§≥–°√√¡°“√μ√«® Õ∫ ‚¥¬‡ªî¥‡º¬‰«â „π√“¬ß“πª√–®”ªï¢Õß∫√‘…—∑ ´÷Ëß√“¬ß“π¥—ß°≈à“«≈ß π“¡‚¥¬ª√–∏“π°√√¡°“√μ√«® Õ∫ 7. ¿“√–°‘®Õ◊πË Ê μ“¡∑’§Ë ≥–°√√¡°“√∫√‘…∑— °”Àπ¥À√◊Õ¡Õ∫ À¡“¬ ➛ ∫√‘…∑— ¬—ß‰¡à¡Õ’ πÿ°√√¡°“√°”Àπ¥§à“μÕ∫·∑π ·μà¡π’ ‚¬∫“¬ §à“μÕ∫·∑π°√√¡°“√·≈–°√√¡°“√∫√‘À“√‰«âÕ¬à“ß™—¥‡®π ·≈– ‚ª√àß„ ‚¥¬§à“μÕ∫·∑π°√√¡°“√‰¥â√—∫Õπÿ¡—μ‘®“°∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ·≈–‰¥â ‡ ªî ¥ ‡º¬®”π«π§à “ μÕ∫·∑πμà “ ßÊ ∑’Ë ∫ √‘ …— ∑ ®à “ ¬„Àâ · °à °√√¡°“√„π√“¬ß“πª√–®”ªï¢Õß∫√‘…—∑ ·≈–„πªï 2546 ∫√‘…—∑ ‰¡à¡’°“√·μàßμ—ÈßÕπÿ°√√¡°“√ √√À“ ‡π◊ËÕß®“°°√√¡°“√¢Õß∫√‘…—∑ ¥”√ßμ”·Àπàß§√∫∂â«π

À≈—°°“√¢âÕ 13 √–∫∫°“√§«∫§ÿ¡·≈–°“√μ√«® Õ∫¿“¬„π ➛ §≥–°√√¡°“√∫√‘ …— ∑ ‰¥â ®— ¥ ·≈–ÕÕ°·∫∫„Àâ ¡’ √ –∫∫°“√ §«∫§ÿ¡¿“¬„π ‡æ◊ËÕ„Àâ‡°‘¥§«“¡¡—Ëπ„®Õ¬à“ß‡À¡“– ¡«à“√–∫∫∫—≠™’ ·≈–∑√—æ¬å ‘π¢Õß∫√‘…—∑®–‰¥â√—∫°“√§ÿâ¡§√Õß®“°§«“¡‡ ’¬À“¬ ·≈–°“√¥”‡π‘π∏ÿ√°‘®‰¥â∂Ÿ°ªØ‘∫—μ‘·≈–∫—π∑÷°Õ¬à“ß∂Ÿ°μâÕß®π¡—Ëπ„® „π√–¥—∫Àπ÷Ëß«à“ ¡’°“√§«∫§ÿ¡¿“¬„π∑’Ë‡æ’¬ßæÕ ∑—Èßπ’È „π√–∫∫°“√ §«∫§ÿ¡¥—ß°≈à“«‰¡à ‰¥â‡®“–®ßÀ√◊Õ¡ÿàß‡πâπ°“√§«∫§ÿ¡¿“¬„π‡©æ“– ‡√◊ËÕß ‡™àπ „π‡√◊ËÕß°“√∑”∏ÿ√°√√¡°—∫ºŸâ∂◊ÕÀÿâπ√“¬„À≠à °√√¡°“√ ºŸâ∫√‘À“√ À√◊ÕºŸâ∑’Ë‡°’Ë¬«¢âÕß°—∫∫ÿ§§≈¥—ß°≈à“« À“°·μà§√Õ∫§≈ÿ¡„Àâ ‡°‘¥§«“¡∂Ÿ°μâÕß ÿ®√‘μ §«“¡‡ªìπ∏√√¡ ‚¥¬‰¡à‡≈◊Õ°ªØ‘∫—μ‘ ·≈– §«“¡ª≈Õ¥¿—¬μàÕ¢âÕ¡Ÿ≈Õ—π‡ªìπ§«“¡≈—∫∑“ß∏ÿ√°‘® ‡æ◊ËÕª√–‚¬™πå Ÿß ÿ¥¢ÕßÕß§å°√ ➛ §≥–°√√¡°“√∫√‘…—∑ ‰¥â¡Õ∫À¡“¬„Àâ§≥–°√√¡°“√μ√«®

and yearly basis. 2. Reviewing that the company and its subsidiaries have appropriate and efficient internal control and internal audit systems by making the evaluation with the external auditor and internal auditor to make sure that the company has adequacy of the internal audit and control systems 3. Reviewing that the performances of the company and its subsidiaries are in accordance with the law governing securities and security exchange and the Regulations of the Stock Exchange of Thailand and also other pertinent rules. 4. Considering and selecting the auditors for the company and its subsidiaries and their auditing fees. 5. Considering the correct and comprehensive disclosure of corporate information and data in case any events of connection and probably conflict of interest arise. 6. Making a correct report on the activities of the Audit Committee as shown in the company’s Annual Report and signed by the Chairman of the Audit Committee. 7. Carrying other tasks as requested or assigned by the Board of Directors.

➛

The company has not yet set any committee for considering

remuneration but there is a policy of running the remuneration for our committee and executive directors in a clear and transparent manner. However, the remuneration for the committee and directors must be first approved by the Shareholders’ Meeting, then disclosed in the company’s Annual Report. In 2003, the company did not form a selecting committee as the company’s directors had all remained in their term fully.

PRINCIPLE 13: Internal Control and Audit System

➛

The Board of Directors has arranged and devised the internal

control and audit system to assure a reasonable confidence that the company’s accounting system and assets will receive a protection from losses and damages. Meanwhile, every business transaction shall be conducted and recorded as accurately as to ensure that there is a sufficient internal control. Nevertheless, the said internal control will not be specific to or focus on particular issues such as transactions with large shareholders, directors, executives or those concerned with the afore-mentioned persons, whereas it will be ubiquitous with accuracy, integrity and fairness without prejudice.And protection for information which is the business secret and the company’s highest value.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

Õ∫‡ªì π ºŸâ ¥Ÿ · ≈·≈– Õ∫∑“π√–∫∫°“√§«∫§ÿ ¡ ¿“¬„π∂÷ ß §«“¡ ‡À¡“– ¡·≈–¡’ª√– ‘∑∏‘¿“æ ‚¥¬ Õ∫∑“π√à«¡°—∫ºŸâ Õ∫∫—≠™’ ¿“¬πÕ°·≈–ºŸâ Õ∫∫—≠™’¿“¬„π∂÷ß§«“¡‡æ’¬ßæÕ¢Õß√–∫∫°“√ μ√«® Õ∫·≈–°“√§«∫§ÿ¡¿“¬„π ´÷Ëß„πªï 2546 §≥–°√√¡°“√ μ√«® Õ∫‰¥â√à«¡À“√◊Õ°—∫ΩÉ“¬∫√‘À“√¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬„π °“√«“ß·ºπ°“√ª√–‡¡‘π°“√§«∫§ÿ¡¿“¬„π ‚¥¬„™â∫√‘…—∑ª√–‡¡‘π °“√§«∫§ÿ ¡ ¿“¬„π®“°·À≈à ß ¿“¬πÕ°‡æ◊Ë Õ ª√–‡¡‘ π √–∫∫°“√ §«∫§ÿ¡¿“¬„π¢Õß∫√‘…∑— „π¥â“πμà“ßÊ §◊Õ Õß§å°√·≈– ¿“æ·«¥≈âÕ¡ °“√∫√‘À“√§«“¡‡ ’Ë¬ß °“√§«∫§ÿ¡°“√ªØ‘∫—μ‘ß“π¢ÕßΩÉ“¬∫√‘À“√ √–∫∫ “√ π‡∑»·≈–°“√ ◊ËÕ “√¢âÕ¡Ÿ≈ ·≈–√–∫∫°“√μ‘¥μ“¡

➛

The Board of Directors has assigned the Audit Committee

to act as the body to monitor and review the adequacy, suitability and efficiency of the internal control system through the cooperation between the external auditor and the internal auditor to decide the adequacy of the internal audit and control system. In 2003, the Audit Committee in consultation with the Management teams of the company and the subsidiary has planned out the evaluation scheme for the internal control system. By outsourcing the outside evaluation firm, specialized for internal control system to evaluate the company’s internal control system in various aspects, for instance, organization and environment, risk management,

À≈—°°“√¢âÕ 14 °“√√“¬ß“π¢Õß§≥–°√√¡°“√ ➛ §≥–°√√¡°“√∫√‘…—∑‡ªìπºŸâ√—∫º‘¥™Õ∫μàÕß∫°“√‡ß‘π√«¡¢Õß ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ·≈– “√ π‡∑»∑“ß°“√‡ß‘π∑’Ëª√“°Ø„π

√“¬ß“πª√–®”ªï ®÷ß‰¥â®—¥∑”ß∫°“√‡ß‘πª√–®”‡¥◊Õπ ß∫°“√‡ß‘π √“¬‰μ√¡“ ·≈–ß∫°“√‡ß‘π ‘Èπß«¥∫—≠™’ μ“¡¡“μ√∞“π°“√∫—≠™’ ∑’Ë√—∫√Õß∑—Ë«‰ª„πª√–‡∑»‰∑¬ ‚¥¬‡≈◊Õ°„™âπ‚¬∫“¬∫—≠™’∑’Ë‡À¡“– ¡·≈–∂◊ÕªØ‘∫—μ‘Õ¬à“ß ¡Ë”‡ ¡Õ ·≈–„™â¥ÿ≈¬æ‘π‘®Õ¬à“ß√–¡—¥√–«—ß ·≈–ª√–¡“≥°“√∑’Ë¥’∑’Ë ÿ¥„π°“√®—¥∑” √«¡∑—Èß¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ”§—≠Õ¬à“ß‡æ’¬ßæÕ„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π ´÷Ëß‰¥âºà“π °“√ Õ∫∑“πß∫°“√‡ß‘π®“°§≥–°√√¡°“√μ√«® Õ∫ ·≈–ºà“π°“√ μ√«® Õ∫®“°ºŸ â Õ∫∫—≠™’√∫— Õπÿ≠“μ∑’Ë‰¥â√∫— °“√√—∫√Õß®“° ”π—°ß“π °≈μ. ®π¡’§«“¡¡—Ëπ„®«à“¡’§«“¡∂Ÿ°μâÕß §√∫∂â«π·≈–‚ª√àß„ „π°“√¥”‡π‘π°‘®°“√¢Õß∫√‘…—∑ ➛ §≥–°√√¡°“√∫√‘…—∑‰¥â®—¥„Àâ¡’°“√¥”√ß√—°…“‰«â´÷Ëß√–∫∫ §«∫§ÿ¡¿“¬„π∑’Ë¡’ª√– ‘∑∏‘º≈ ‡æ◊ËÕ„Àâ¡—Ëπ„®‰¥âÕ¬à“ß¡’‡Àμÿº≈«à“°“√ ∫—π∑÷°¢âÕ¡Ÿ≈∑“ß∫—≠™’¡’§«“¡∂Ÿ°μâÕß §√∫∂â«π·≈–‡æ’¬ßæÕ∑’Ë®– ¥”√ß√—°…“‰«â´÷Ëß∑√—æ¬å ‘π ·≈–‡æ◊ËÕ„Àâ∑√“∫®ÿ¥ÕàÕπ‡æ◊ËÕªÑÕß°—π‰¡à „Àâ‡°‘¥°“√∑ÿ®√‘μÀ√◊Õ°“√¥”‡π‘π°“√∑’Ëº‘¥ª°μ‘Õ¬à“ß¡’ “√– ”§—≠ ➛ „π°“√π’È §≥–°√√¡°“√∫√‘…∑— ‰¥â·μàßμ—ßÈ §≥–°√√¡°“√μ√«® Õ∫ ´÷Ëßª√–°Õ∫¥â«¬°√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√‡ªìπºŸâ¥Ÿ·≈√—∫º‘¥ √“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

control on the performance of the management, IT and communication system, and follow-up system.

PRINCIPLE 14: Procedure of Report from the Board of Directors

➛

The Board of Directors is responsible for arranging the

consolidated and individual financial statements of the company and its subsidiaries as well as communicating information on financial issue as in the company’s Annual Report. The preparation of financial statements was made in accordance with the generally acceptable accounting principles in Thailand on yearly, quarterly and monthly basis. In addition, there is an adoption of appropriate accounting policy and implementation of the policy is constant as well as exercise of optimum discretion and reasonable forecast in preparing the financial statements. There was also adequate disclosure of key information in the Notes to the financial statements which had been reviewed and examined by both the Audit Committee and the Auditor who had been approved before by the Office of the Security Exchange Commission so that there shall be highest confidence in the correctness, comprehensiveness and transparency of all of the company’s business operation.

™Õ∫‡°’Ë¬«°—∫§ÿ≥¿“æ¢Õß√“¬ß“π∑“ß°“√‡ß‘π·≈–√–∫∫§«∫§ÿ¡ ¿“¬„π ·≈–§«“¡‡ÀÁπ¢Õß§≥–°√√¡°“√μ√«® Õ∫‡°’Ë¬«°—∫‡√◊ËÕßπ’È ª√“°Ø„π√“¬ß“π¢Õß§≥–°√√¡°“√μ√«® Õ∫´÷Ë ß · ¥ß‰«â „ π √“¬ß“πª√–®”ªï·≈â« ➛ §≥–°√√¡°“√∫√‘…∑— ¡’§«“¡‡ÀÁπ«à“√–∫∫§«∫§ÿ¡¿“¬„π¢Õß ∫√‘…—∑‚¥¬√«¡ Õ¬Ÿà „π√–¥—∫∑’Ëπà“æÕ„®·≈– “¡“√∂ √â“ß§«“¡‡™◊ËÕ ¡—ËπÕ¬à“ß¡’‡Àμÿº≈μàÕ§«“¡‡™◊ËÕ∂◊Õ‰¥â¢Õßß∫°“√‡ß‘π¢Õß∫√‘…—∑·≈– ∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546

➛

The Board of Directors has so maintained the effectiveness

of the internal control system that there shall derive a reasonable confidence in the correct, comprehensive and adequate records of the accounting which shall in return save the company’s assets and identify weaknesses of the operation in order to prevent any potential fraud and malfunction therein. In this regard, the Board of Directors has appointed the Audit Committee comprising nonexecutive directors who are in charge of the quality of the company’s financial reports and the internal control system. The opinion of

À≈—°°“√¢âÕ 15 §«“¡ —¡æ—π∏å°—∫ºŸâ≈ß∑ÿπ ➛ §≥–°√√¡°“√∫√‘…∑— μ√–Àπ—°¥’«“à ¢âÕ¡Ÿ≈¢Õß∫√‘…∑— ∑—ßÈ ∑’‡Ë °’¬Ë « °—∫°“√‡ß‘π·≈–∑’Ë ‰¡à „™à°“√‡ß‘π ≈â«π¡’º≈μàÕ°√–∫«π°“√μ—¥ ‘π„® ¢ÕßºŸâ≈ß∑ÿπ·≈–ºŸâ∑’Ë¡’ à«π‰¥â‡ ’¬¢Õß∫√‘…—∑ ®÷ß‰¥â°”™—∫„ÀâΩÉ“¬ ∫√‘À“√¥”‡π‘π°“√„π‡√◊ËÕß∑’Ë‡°’Ë¬«°—∫°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈∑’Ë§√∫∂â«π

the Audit Committee regarding this matter was shown in the report from the Audit Committee as included in the Annual Report.

➛

The Board of Directors believes that the overview of the

company’s internal control system is in satisfactory level and brings about the reasonable confidence in the reliability of the financial statements of the company and its subsidiaries as of 31st December, 2003.

PRICIPLE 15: Relationship with the Investors

➛

The company fully acknowledges that the data regarding

to financial issue and non-financial shall influence the decision process of the investors and the stakeholders to the company. Then, the Management has so been insisted to manage the matter pertaining to the data disclosure in a manner that is complete, reflecting the true circumstances, reliable, consistent and punctual which is always upheld by the Management. The work about

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®—¥μ—ÈßÀπà«¬ ß“π¢÷Èπ‡©æ“– ·μà ‰¥â¡Õ∫À¡“¬„ÀâºŸâ®—¥°“√∫√‘À“√ ∑”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 ”π—°ß“π°√ÿß‡∑æ¢Õß∫√‘…∑—

investor relation upkeep has not yet been assigned to anyone to be in charge but assigned to the Executive Manager to take care of the communications with the investor institutes, the shareholders including the security analysts and the relevant government agencies. Since work in the investor relation is still not much, the investors are thus welcome to ask for information of the company at the company’s headquarter in Bangkok.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

¿“«–‡»√…∞°‘®ªï 2546 ·≈–·π«‚πâ¡ªï 2547 ECONOMIC FOR 2003 AND ECONOMIC TREND IN 2004

¿“«–‡»√…∞°‘®„πªï 2546 ¤➛ ‡»√…∞°‘®‰∑¬„πªï 2546 ¢¬“¬μ—«„π‡°≥±å ŸßÕ¬à“ßμàÕ‡π◊ËÕß ®“°ªï°àÕπ ∂÷ß·¡â«à“®–¡’ªí®®—¬≈∫®“°μà“ßª√–‡∑»À≈“¬ª√–°“√ ¥â«¬°—π ‡™àπ °“√·æ√à√–∫“¥¢Õß SARS ·≈– ß§√“¡√–À«à“ß À√—∞œ °—∫Õ‘√—° ∑—Èßπ’È ”π—°ß“π§≥–°√√¡°“√æ—≤π“°“√‡»√…∞°‘®·≈– —ß§¡·Ààß™“μ‘ª√–‡¡‘π„π‡∫◊ÈÕßμâπ«à“‡»√…∞°‘®‰∑¬‡μ‘∫‚μ∂÷ß√âÕ¬≈– 6.3 „πªï 2546 ´÷ßË ∂◊Õ‡ªìπÕ—μ√“∑’ Ë ßŸ ÿ¥π—∫μ—ßÈ ·μà‡°‘¥«‘°ƒμ‘‡»√…∞°‘® ªï 2540 ‡ªìπμâπ¡“ ¤➛ ªí®®—¬º≈—°¥—π‡»√…∞°‘®∑’ Ë ”§—≠„πªï 2546 ‰¥â·°à °“√ àßÕÕ° ∑’Ë¢¬“¬μ—« Ÿß‡ªìπª√–«—μ‘°“√≥å ‚¥¬¬Õ¥¢“¬°“√ àßÕÕ°μ≈Õ¥ªï ‡æ‘Ë¡¢÷Èπ∂÷ß 17.4% ®“°ªï°àÕπ à«π°“√„™â®à“¬¿“¬„πª√–‡∑»°Á ¬—ß§ßÕ¬Ÿà „π‡°≥±å¥’‡™àπ°—π ‚¥¬°“√∫√‘‚ ¿§¿“¬„πª√–‡∑»¬—ß§ß ·¢Áß·°√àßÕ¬Ÿà ‡π◊ËÕß®“°ºŸâ∫√‘‚¿§¡’§«“¡‡™◊ËÕ¡—ËπμàÕ‡»√…∞°‘® Ÿß¢÷Èπ

à«π°“√≈ß∑ÿπ¿“§‡Õ°™π°Á‡√‘Ë¡¢¬“¬μ—«Õ¬à“ßμàÕ‡π◊ËÕß μ“¡Õ—μ√“ °“√„™â°”≈—ß°“√º≈‘μ∑’Ë‡√‘Ë¡μ÷ßμ—«¢÷Èπ„πÀ≈“¬ Ê Õÿμ “À°√√¡ ¤➛ ∂÷ß·¡â‡»√…∞°‘®®–¡’°“√‡μ‘∫‚μÕ¬à“ß√«¥‡√Á« ‡ ∂’¬√¿“æ‚¥¬ √«¡¬—ß§ßÕ¬Ÿà„π‡°≥±å¥’ —ß‡°μ‰¥â®“°°“√∑’ÕË μ— √“‡ß‘π‡øÑÕ¢Õßªï 2546 Õ¬Ÿà∑’Ë√–¥—∫ 1.8% ´÷ËßÕ¬Ÿà „π™à«ß√–¥—∫‡ªÑ“À¡“¬ 0 - 3.5% ∑’Ë ∏π“§“√·Ààßª√–‡∑»‰∑¬°”Àπ¥‰«â ∑”„Àâ “¡“√∂¥”‡π‘ππ‚¬∫“¬ ∑“ß°“√‡ß‘π·∫∫ºàÕπ§≈“¬‰¥âÕ¬à“ßμàÕ‡π◊ËÕß πÕ°®“°π’È Õ—μ√“·≈° ‡ª≈’Ë¬π‡ß‘πμ√“√–À«à“ßª√–‡∑»°Á¡’‡ ∂’¬√¿“æ‡™àπ°—π ‡æ√“–∂÷ß·¡â §à“‡ß‘π∫“∑®–·¢Áß§à“¢÷Èπ„π™à«ß§√÷ËßÀ≈—ß¢Õßªï ·μà°Á ‰¡à ‰¥â¡’§«“¡ º—πº«π¡“°®π àßº≈‡ ’¬μàÕ°“√ àßÕÕ° ∑—Èßπ’È §à“‡ß‘π∫“∑„πªï 2546 Õ¬Ÿà∑’Ë 41.50 ∫“∑μàÕ¥Õ≈≈“√å À√—∞œ ·¢Áß§à“¢÷Èπ®“°√–¥—∫ 43.00 ∫“∑μàÕ¥Õ≈≈“√å À√—∞œ „πªï 2545 πÕ°®“°π’È ‡ß‘π∑ÿπ ”√Õß √–À«à“ßª√–‡∑» ≥ ‘ÈπªïÕ¬Ÿà∑’Ë 42.1 æ—π≈â“π¥Õ≈≈“√å À√—∞œ ´÷Ëß Ÿß¢÷Èπ®“° ‘Èπªï°àÕπ ∂÷ß·¡â ‰∑¬®–‰¥â¡’°“√™”√–Àπ’È IMF ≈à«ßÀπâ“ „π™à«ßªï∑’Ëºà“π¡“

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

ECONOMIC SITUATION IN 2003

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The Thai economics in 2003 experienced a high level of

improvement, continuous from the earlier year despite the numerous unfavorable factors from abroad such as the outbreak of SARS and the Iraqi warfare. It enabled the Office of the National Socioeconomic Development Board to estimate the Thai economic growth would have hit the new height of 6.3 percent of the past 6 years since the economic collapse in 1997.

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The major factors believed to push up the 2003 Thai

economics had been the unprecedented surge in the Thai exports wherein the yearly total turnover had increased by 17.4 percent from the year before. Whereas the domestic expenditure had been maintained at a good level which was shared by the heightened

domestic consumption as a result of the boosted confidence of the consumers in the Thai economics. Meanwhile, the private sector had joined in with cumulative investments in proportion to the tightened up production capacities appeared in various industries.

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The economics, however, had been expanding rapidly, still

maintained with a reliable stability in overall as attested by the inflation rate of 2003 at 1.8 percent which was within the expected range between 0.3-5 percent proposed by the Bank of Thailand. This also facilitated the country to extend the implementation of the more relaxed financial policy. By the way, the exchange rate for Thai Baht also became more stable, although it had been getting stronger during the later half of the year, but without too much fluctuation that would have jeopardized the export sector. It was noted that Thai Baht in 2003 against US dollars was 41.50, appreciated from 43.00 level in 2002. Besides, the international

·π«‚πâ¡‡»√…∞°‘®„πªï 2547 ¤➛ ‡»√…∞°‘®‰∑¬„πªï 2547 §“¥«à“®–¬—ß§ß‡μ‘∫‚μ Ÿß¢÷ÈπÕ¬à“ß μàÕ‡π◊ËÕß ‚¥¬ ”π—°ß“π§≥–°√√¡°“√æ—≤π“°“√‡»√…∞°‘®·≈– —ß§¡·Ààß™“μ‘ª√–¡“≥°“√‡»√…∞°‘®®–¢¬“¬μ—«∂÷ß√âÕ¬≈– 7 ∑—Èßπ’È °“√≈ß∑ÿ π ∑—È ß ®“°¿“§‡Õ°™π·≈–®“°¿“§√— ∞ ®–‡ªì π μ— « º≈— ° ¥— π ‡»√…∞°‘®∑’Ë ”§—≠ ‚¥¬°“√≈ß∑ÿπ¿“§‡Õ°™π„πÀ≈“¬Õÿμ “À°√√¡ ∑’Ë¡’°”≈—ß°“√º≈‘μ„°≈â‡§’¬ß°—∫™à«ß°àÕπ‡°‘¥«‘°ƒμ‘‡»√…∞°‘®ªï 2540 ‡™àπ ¬“π¬πμå ªî‚μ√‡≈’¬¡ Õ‘‡≈Á°∑√Õπ‘° å Õ“À“√·≈–‡À≈Á° πà“®– ¡’°“√≈ß∑ÿπ‡æ‘Ë¡¢÷Èπ‡æ◊ËÕ‡æ‘Ë¡°”≈—ß°“√º≈‘μ ”À√—∫°“√≈ß∑ÿπ¿“§√—∞ ®–¡’ ° “√¢¬“¬μ— « Õ¬à “ ß¡“°μ“¡°“√≈ß∑ÿ π „π‚§√ß √â “ ßæ◊È π ∞“π À≈“¬‚§√ß°“√ ‚¥¬√—∞∫“≈‰¥â¡’°“√μ—Èßß∫ª√–¡“≥¢“¥¥ÿ≈‡∑à“°—∫ 99,000 ≈â“π∫“∑„πªï 2547 Õ’°∑—Èß¬—ß®–¡’°“√π”‡ß‘π√“¬‰¥â∑’Ë‡°Á∫ ‰¥â‡°‘π‡ªìπ®”π«π 135,000 ≈â“π∫“∑ ¡“‡æ◊ÕË π—∫ πÿπÕ’° à«πÀπ÷ßË

reserve of the country at the year end accumulated to 42.1 billions US dollars, much higher than the previous yearend, even though there had been a premature loan settlement to IMF during the year.

THE THAI ECONOMIC TREND FOR 2004

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The Thai economics in 2004 is expected to keep soaring in

procession and the Office of the National Socioeconomic Development Board has forecasted that it would soar to 7 percent growth rate in which both investments made by private and government sectors would be the major players in the economic boosting.

Particularly, investments from the private sector in

various industries, whose production capacities have been remained close to the levels seen before the economic collapse in 1997, such as in auto, petrol, electronic, food and steel industries, their investments in expansions of production capacities are very likely to increase this year. Likewise, the investments from the government sector are also on the sharp rise in light of the looming investments in various infra-structure projects, whereas the government has proposed an allowance for deficit budgeting at the extent of 99,000 millions baht for 2004, plus the forecasted surplus in revenue of 135,000 millions baht would also play a major support for the government’s expending for 2004.

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The people consumers would still enjoy the same good level

of consumption, though with some slowdowns since the people’s

¤ ➛ à«π°“√∫√‘‚¿§¿“§‡Õ°™π§“¥«à“¬—ß§ßÕ¬Ÿà „π‡°≥±å¥’ ∂÷ß·¡â ®–™–≈Õμ—«≈ß∫â“ß ‡æ√“–ª√–™“™π¡’§«“¡‡™◊ËÕ¡—ËπμàÕ‡»√…∞°‘® §àÕπ¢â“ß¡“° –∑âÕπ„Àâ‡ÀÁπ®“°¥—™π’§«“¡‡™◊ËÕ¡—ËπºŸâ∫√‘‚¿§∑’Ëª√—∫ μ—« Ÿß¢÷ÈπÕ¬à“ßμàÕ‡π◊ËÕß ‚¥¬„π‡¥◊Õπ∏—π«“§¡ 2546 ¥—™π’§«“¡‡™◊ËÕ ¡—ËπºŸâ∫√‘‚¿§„πÕπ“§μÕ¬Ÿà∑’Ë 115.4 ´÷Ëß· ¥ß«à“ ºŸâ∫√‘‚¿§¡’§«“¡‡™◊ËÕ ¡—ËπμàÕ¿“«–‡»√…∞°‘®·≈–¡’·π«‚πâ¡∑’Ë®–‡æ‘Ë¡°“√∫√‘‚¿§¡“°¬‘Ëß¢÷Èπ ¥â“π°“√ àßÕÕ°¬—ß§ß¡’·π«‚πâ¡∑’Ë ¥„ ‡™àπ°—π ·μàÕ—μ√“°“√‡μ‘∫‚μ Õ“®®–‰¡à Ÿß¡“°π—° ‡π◊ËÕß®“°‰¥â¡’°“√ª√—∫μ—«‰ª§àÕπ¢â“ß¡“°·≈â« „π™à«ß 2 ªï∑’Ëºà“π¡“

confidence in the country’s economics have been mended and improved. This has been reflected in the constant rise in the confidence indicator in which the future indicator for consumers’ confidence polled at December 2003 resulted at 115.4. This only portrays the stronger confidence of the consumers in the future economics and in turn showing an inclination for increasing consumption. As to the export sector, there is a promising future, even if its growth rate might not be noticeably high since it has already been considerably revamped during the past 2 years.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

¿“«–Õÿμ “À°√√¡‡ âπÀ¡’Ë ·≈–°ã«¬‡μ’Î¬«°÷Ëß ”‡√Á®√Ÿª INDUSTRIAL SITUATION OF THE INSTANT WHITE NOODLE PRODUCTS

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Õÿμ “À°√√¡‡ âπÀ¡’Ë·≈–°ã«¬‡μ’Î¬«°÷Ëß ”‡√Á®√Ÿª„πª√–‡∑»¡’ Õ—μ√“≈¥≈ßμàÕ‡π◊ËÕßμ≈Õ¥ 3 ªï∑’Ëºà“π¡“ ‡π◊ËÕß®“° —¥ à«π¢Õß μ≈“¥‡ âπ¢“«≈¥≈ß„π¿“æ√«¡∑’Ëª√–°Õ∫¥â«¬∫–À¡’Ë·≈–‡ âπÀ¡’Ë°÷Ëß ”‡√Á®√Ÿª °“√≈¥≈ß¥—ß°≈à“«‡ªìπº≈¡“®“° ¿“æ°“√·¢àß¢—π∑’Ë∑«’ §«“¡√ÿπ·√ß∑—Èßμ≈“¥¿“¬„π·≈–μà“ßª√–‡∑»¢Õßº≈‘μ¿—≥±å∫–À¡’Ë °÷Ëß ”‡√Á®√Ÿª ∑’ËºŸâº≈‘μ·μà≈–√“¬μà“ß°Á „™â°≈¬ÿ∑∏å∑“ß°“√μ≈“¥∑’Ë À≈“°À≈“¬√Ÿª·∫∫ ‡æ◊ËÕ‡æ‘Ë¡ à«π·∫àß∑“ß°“√μ≈“¥ ®÷ß àßº≈ °√–∑∫μ≈“¥‡ âπÀ¡’Ë°÷Ëß ”‡√Á®√ŸªÕ¬à“ßÀ≈’°‡≈’Ë¬ß‰¡à ‰¥â ‡π◊ËÕß®“°¡’ °≈ÿà¡≈Ÿ°§â“‡ªÑ“À¡“¬°≈ÿà¡‡¥’¬«°—π Õ’°∑—Èß∫–À¡’Ë°÷Ëß ”‡√Á®√Ÿª‡ªìπ º≈‘μ¿—≥±å∑¡’Ë √’ “§“„°≈â‡§’¬ß°—π ·≈–¡’§«“¡ –¥«°„π°“√√—∫ª√–∑“π ªí®®—¬¥—ß°≈à“«¢â“ßμâπ®÷ß‡ªìπ “‡Àμÿ ”§—≠∑’Ë∑”„Àâμ≈“¥‡ âπ¢“«À¥ μ—«≈ßÕ¬à“ßμàÕ‡π◊ËÕß

¤➛ „π√Õ∫ªï∑’Ëºà“π¡“„π·μà≈–Õÿμ “À°√√¡μà“ß°Áª√– ∫ªí≠À“ ¥â“πμâπ∑ÿπ°“√º≈‘μ ‡π◊ËÕß®“°πÈ”¡—π‡™◊ÈÕ‡æ≈‘ß¡’√“§“ª√—∫ Ÿß¢÷Èπ ·≈–‰¥â√—∫º≈°√–∑∫®“°§à“‡ß‘π∫“∑∑’Ë·¢Áß§à“¢÷Èπ®“°ªï°àÕπ ´÷Ëß Õÿμ “À°√√¡‡ âπÀ¡’Ë·≈–°ã«¬‡μ’Î¬«°÷Ëß ”‡√Á® √Ÿª°Áª√– ∫ªí≠À“‡™àπ ‡¥’¬«°—π πÕ°®“°π—Èπ ¿“æ°“√·¢àß¢—π„πμ≈“¥μà“ßª√–‡∑»∑’Ë¡’§Ÿà ·¢àß∑“ß°“√μ≈“¥®“°ª√–‡∑»„π¿Ÿ¡‘¿“§‡¥’¬«°—π ‰¥â·°à ®’π ·≈– ‡«’¬μπ“¡ ´÷ßË º≈‘μ ‘π§â“∑’¡Ë ®’ ¥ÿ ‡¥àπ„π¥â“π√“§“ ‚¥¬¡’μπâ ∑ÿπ∑’μË Ë”°«à“ ‡π◊ËÕß®“°§«“¡‰¥â‡ª√’¬∫„π‡™‘ß«—μ∂ÿ¥‘∫·≈–·√ßß“π ¤➛ Õ¬à“ß‰√°Áμ“¡º≈‘μ¿—≥±å‡ âπÀ¡’·Ë ≈–°ã«¬‡μ’¬Î «°÷ßË ”‡√Á®√Ÿª ¬—ß §ß¡’»—°¬¿“æ∑’Ë “¡“√∂‡μ‘∫‚μ‰¥âÕ’°„πμ≈“¥μà“ßª√–‡∑» ‡π◊ËÕß®“° «—μ∂ÿ¥‘∫¢â“«‰∑¬ ‡ªìπ¢â“«∑’Ë¡’§ÿ≥¿“æ‡ªìπ∑’Ë¬Õ¡√—∫‰ª∑—Ë«‚≈° ∑—Èß¬—ß ¡’√ ™“μ‘∑’Ë‡ªìπ‡Õ°≈—°…≥å‡©æ“–∑’Ë¡’§«“¡‡ªìπ‡Õ‡™’¬Õ¬Ÿà¥â«¬ À“°·μà §«“¡°â“«Àπâ“∑“ß‡∑§‚π‚≈¬’‰¥â°àÕ„Àâ‡°‘¥°“√‡ª≈’Ë¬π·ª≈ß ‡ªìπ‚≈° ·Ààß°“√§â“‡ √’ ‰√âæ√¡·¥π∑’Ë¡’°“√·¢àß¢—π Ÿß ºŸâº≈‘μ®÷ßμâÕß„Àâ§«“¡ ”§—≠°—∫§«“¡μâÕß°“√¢ÕßºŸâ∫√‘‚¿§‡ªìπÀ≈—° ‚¥¬°“√æ—≤π“ ‘π§â“ „π¥â“πμà“ßÊ ‡™àπ √Ÿª·∫∫∫√√®ÿ¿—≥±å √ ™“μ‘ ·≈–°“√‡æ‘Ë¡§ÿ≥§à“ ∑“ß‚¿™π“°“√ μ≈Õ¥®π„Àâ¡’§«“¡‡¢â¡ß«¥„π√–∫∫μ√«® Õ∫ √“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

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The domestic industry of instant white noodle products has

been steadily declining for 3 years straight because the market share of the instant white noodles is decreasing , following the slowdown of the whole market for instant noodles which mainly comprises the wheat and the rice noodles. The decline is due to the severely high competitions in both the domestic and overseas markets for instant noodle products. Every manufacturer tends to employ all sorts of marketing strategies to win more market share for their products which has inevitably effected the market share of the white noodle products as they address the same target group. Whilst the wheat noodles are retailed at almost the same price as the rice noodles and they serve the same purpose of providing convenience

of consumption, this is all the more the reasons why the rice noodle products have experienced the steadily shrinking market.

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During the year, every industry seemed to encounter the

rising cost of production as an aftermath of the increase in fuel price and the appreciation of the Thai currency from the previous year’s rate. Likewise, the instant noodle industry - both wheat and rice noodles, shared the same fate. Furthermore, the competition situation has become more critical in overseas where tough competitors from the same Asia, like Chinese and Vietnamese, who enjoy the cutting edge of lower pricing due to their lower production cost as benefited from their lower wages and less costly sources of raw materials.

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However, instant white noodle products still own the growth

potentials in overseas markets, especially those based from rice since Thai rice are famous for its quality around the world, whilst the unique tastes and flavors of the oriental foods are currently trendy in the market. Nevertheless, the technological advancements have

§ÿ≥¿“æ ·≈–¡“μ√∞“π§«“¡ –Õ“¥ ·≈–§«“¡ª≈Õ¥¿—¬ ∑’Ë‡ªìπ∑’Ë ¬Õ¡√—∫„πμ≈“¥μà“ßª√–‡∑» °“√«“ß·ºπ‡™‘ß°≈¬ÿ∑∏åμà“ßÊ ≈â«ππ” ‰ª Ÿàº≈≈—æ∏å„π‡™‘ß∫«°∑’Ë¡’¡Ÿ≈§à“‡æ‘Ë¡∑—Èßπ“¡∏√√¡·≈–√Ÿª∏√√¡

caused the upheavals in the world trade, bringing along liberation and all the more boundless and hard-won competitions globally. Manufacturers must see the importance of learning the consumers’ demand as vitals such as attractive packaging, more nutritional contents and fine tastes by means of comprehensive product developments as well as adhering to the quality control system and complying to the world-class hygienic and safety standards so that the finished products will gain acceptance from worldwide consumers. All strategic policies would induce only the optimistic result to the company which contributes to the increased value of its goodwill and book value.

μ≈“¥ àßÕÕ°‡ âπÀ¡’Ë °ã«¬‡μ’Î¬« 10 √“¬·√°¢Õß‰∑¬ EXPORT SHARE OF NOODLES IN 10 FIRST LIST

Àπà«¬ : ≈â“π∫“∑ / Value : Million Baht

≈”¥—∫ 1 2 3 4 5 6 7 8 9 10

∑’Ë¡“ :

2546 2003

2545 2002

2544 2001

2543 2000

2542 1999

366.10 249.00 240.00 86.50 57.50 48.10 27.80 47.70 62.60 27.80 1,213.10 153.40 1,366.50

345.00 73.20 252.40 84.40 54.70 55.80 26.50 60.00 60.00 29.70 1,041.70 138.80 1,180.50

306.60 271.70 250.80 85.20 50.30 67.20 26.40 26.90 52.30 35.80 1,173.20 121.80 1,295.00

253.10 185.70 195.00 71.60 40.10 56.10 26.60 19.60 56.00 31.90 935.70 100.30 1,036.00

214.10 198.20 219.20 62.70 34.50 64.30 23.20 22.00 38.80 36.20 913.20 101.90 1,015.10

ITEMS

À√—∞Õ‡¡√‘°“ ≠’ËªÿÉπ ¡“≈“‡´’¬ ·§ππ“¥“ ‡π‡∏Õ√å·≈π¥å ŒàÕß°ß Ω√—ßË ‡» Õ—ß°ƒ… ÕÕ ‡μ√‡≈’¬ ‘ß§‚ª√å √«¡ 10 ª√–‡∑» Õ◊ËπÊ ¡Ÿ≈§à“√«¡

United States of America Japan Malaysia Canada Netherlands Hong Kong France United Kingdom Australia Singapore Total 10 Nations Other Total Value

°√¡‡®√®“°“√§â“√–À«à“ßª√–‡∑»

Source : Information and communication technology center with cooperation of the customs department

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘® ª√–«—μ‘§«“¡‡ªìπ¡“ ➛ ∫√‘…∑— °àÕμ—ßÈ ¢÷πÈ „πªï 2524 ¡’ ‚√ßß“πº≈‘μ·Ààß·√°μ—ßÈ Õ¬Ÿ∑à π’Ë §‘ ¡ Õÿμ “À°√√¡∫“ßªŸ º≈‘μº≈‘μ¿—≥±åÕ“À“√°÷Ëß ”‡√Á®√Ÿª ª√–‡¿∑‡ âπ À¡’Ë ‡ â π ‡≈Á ° ‡ â π „À≠à ·≈–°ã « ¬®—Í ∫ °÷Ë ß ”‡√Á ® √Ÿ ª ¿“¬„μâ ‡§√◊ÕË ßÀ¡“¬°“√§â“ MAMA, MAMY, PAPA, PAMA œ≈œ „πªï 2531 ∫√‘…—∑‰¥â√—∫‡¢â“‡ªìπ∫√‘…—∑√—∫Õπÿ≠“μ„πμ≈“¥À≈—°∑√—æ¬åœ ·≈–‰¥â μ—Èß‚√ßß“πº≈‘μ·Ààß∑’Ë 2 ∑’Ë®—ßÀ«—¥√“™∫ÿ√’ ´÷Ëß‰¥â√—∫°“√ àß‡ √‘¡°“√ ≈ß∑ÿπ „πªï 2536 ‰¥â¬â“¬‚√ßß“π·Ààß·√°‰ª√«¡°—∫·Ààß∑’Ë 2 μàÕ ¡“‰¥â√à«¡∑ÿπ®—¥μ—Èß∫√‘…—∑¬àÕ¬ §◊Õ ∫√‘…—∑ ‡æ√´‘‡¥π∑åÕ–°√‘ ‡∑√¥¥‘Èß ®”°—¥ ‡ªìπ∏ÿ√°‘®®”Àπà“¬¢â“«∑—Èß„π·≈–μà“ßª√–‡∑» ·≈–≈ß∑ÿπ„π ∫√‘…—∑¬àÕ¬Õ’°·Ààß §◊Õ ∫√‘…—∑ ‡æ√´‘‡¥π∑å‡∫‡°Õ√’Ë ®”°—¥ ´÷Ëß ª√–°Õ∫∏ÿ√°‘®º≈‘μ¢π¡ªíß™π‘¥μà“ßÊ ¿“¬„μâ‡§√◊ËÕßÀ¡“¬°“√§â“ çø“√å¡‡Œâ“ åé „πªï 2537 ∫√‘…—∑ ¡’°“√‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π‡ªìπ 120 ≈â“π∫“∑ ·≈–‰¥â·ª√ ¿“æ‡ªìπ∫√‘…—∑¡À“™π „πª≈“¬ªï 2545

∫√‘…—∑ ‡æ√´‘‡¥π∑å‡∫‡°Õ√’Ë ®”°—¥ (¡À“™π) ‰¥â¢“¬Àÿâπ„Àâ°—∫ ª√–™“™π∑—Ë«‰ª ´÷Ëß¡’º≈„Àâ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑¬àÕ¬≈¥≈ß ·≈–‡ª≈’Ë¬π ∂“π–‡ªìπ∫√‘…—∑√à«¡ „πªí®®ÿ∫—π∫√‘…—∑¡’º≈‘μ¿—≥±å‡æ‘Ë¡ ¡“°¢÷πÈ ‡™àπ ‚®ä° ¢â“«μâ¡ ¢â“«Õ∫‰¡‚§√‡«ø ·≈–«ÿπâ ‡ âπ°÷ßË ”‡√Á®√Ÿª

BUSINESS PROFILE

HISTORY :

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The company first set up in 1981 with the first plant found

in Bangpoo Industrial Park manufacturing rice vermicelli, thin rice strips, flat rice strips and rice chips, all in the form of semi-cooked under the brands: “MAMA”, “MAMY”, “PAPA”, “PAMA” and other private brands. In 1988, our company was listed in the stock market of Thailand and set up the second plant at Rajburi Province under the Promotion from the Board of Investment. In 1993, the first plant was moved to combine with the second plant. Later, the first subsidiary was found which is President Agri Trading Co., Ltd. for distributing rice grains in and out of the country . The second subsidiary is from investing in President Bakery Co., Ltd. for manufacturing various kinds of bread items under “Farmhouse” brand. In 1994, the company increased the registered capital to

120 millions baht and transformed to be a public company. In late 2002, President Bekery Public Co., Ltd. increased the registered capital by selling its stocks to public. This has led the company to hold a smaller proportion of shareholders in the subsidiary and transform to a joint business. At present, the company manufactures

¿“æ√«¡°“√ª√–°Õ∫∏ÿ√°‘®¢Õß∫√‘…—∑ ∫√‘…—∑¬àÕ¬ ·≈–∫√‘…—∑√à«¡ ➛ ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π) ‡ªìπºŸâº≈‘μ „πª√–‡¿∑¢ÕßÕÿ μ “À°√√¡Õ“À“√°÷Ë ß ”‡√Á ® √Ÿ ª ¿“¬„μâ ‡§√◊ËÕßÀ¡“¬°“√§â“ ç¡“¡à“é ¡’·π«∑“ß„π°“√ª√–°Õ∫∏ÿ√°‘®¥—ßπ’È 1. ∏ÿ √ °‘ ® À≈— ° º≈‘μº≈‘μ¿—≥±å‡ âπ¢“« ‚®ä° ¢â“«μâ¡°÷Ëß ”‡√Á®√Ÿª ‚¥¬¡’π‚¬∫“¬¡ÿàß‡πâπ¥â“π§ÿ≥¿“æ μâπ∑ÿπ°“√º≈‘μ ·≈– °“√∑”«‘®—¬æ—≤π“§âπ§«â“‡æ◊ËÕ„Àâº≈‘μ¿—≥±å‡ªìπÕ—π¥—∫Àπ÷Ëß ”À√—∫ μ≈“¥„πª√–‡∑» ·≈– “¡“√∂·¢àß¢—π‰¥â „πμ≈“¥μà“ßª√–‡∑» 2. °“√≈ß∑ÿπ ∫√‘…—∑œ ‰¥â¡ÕßÀ“≈Ÿà∑“ß„π∏ÿ√°‘®Õ◊Ëπ‡æ◊ËÕ °√–®“¬§«“¡‡ ’Ë¬ß®“°∏ÿ√°‘®À≈—° º≈μÕ∫·∑π¢ÕßºŸâ≈ß∑ÿπ¥â«¬°“√ ≈ß∑ÿπ‰ª¬—ß∏ÿ√°‘®ª√–‡¿∑Õ◊Ëπ ´÷Ëß„π™à«ß∑’Ëºà“π¡“‰¥â≈ß∑ÿπ„π∫√‘…—∑ ¬àÕ¬·≈–∫√‘…∑— √à«¡√«¡ 2 ·Ààß „π “¬∏ÿ√°‘®º≈‘μÕ“À“√¥â«¬°—π ¥—ßπ’È √“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

many more product lines such as instant rice porridge, microwavable rice dish and instant been thread

OVERVIEW OF THE OPERATIONS OF THE COMPANY, SUBSIDIARY AND A JOINT BUSINESS

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President Rice Products Public Co., Ltd. is a manufacturer

for instant or semicooked food products under “MAMA” brand having 2 business approaches as follows: 1. Main business - manufacturing white rice noodle products, rice porridge, boiled rice soup, all in instant form - focusing on product quality and effective cost of production and research to develop top products for the domestic market and competitive

1. ∫√‘…∑— ‡æ√´‘‡¥π∑åÕ–°√‘‡∑√¥¥‘ßÈ ®”°—¥ ¡’ ¥— à«π°“√ ≈ß∑ÿπ√âÕ¬≈– 51 ¢Õß∑ÿπ®¥∑–‡∫’¬π 2. ∫√‘…—∑ ‡æ√´‘‡¥π∑å‡∫‡°Õ√’Ë ®”°—¥ (¡À“™π) ¡’ —¥ à«π°“√≈ß∑ÿπ√âÕ¬≈– 37.51 ¢Õß∑ÿπ®¥∑–‡∫’¬π

products for foreign markets. 2. Investment business - locating investments in other businesses to spread risks from the main business and seek after return on investments.During the past, there were investments in a subsidiary and a joint business, total 2 business.

∫√‘…—∑ ‡æ√´‘‡¥π∑å Õ–°√‘ ‡∑√¥¥‘Èß ®”°—¥ ➛ °àÕμ—ßÈ ¢÷πÈ „πªï 2535 ¥â«¬∑ÿπ®¥∑–‡∫’¬π 2 ≈â“π∫“∑ ª√–°Õ∫ ∏ÿ√°‘®´◊ÈÕ-¢“¬º≈‘μº≈∑“ß°“√‡°…μ√ ª√–‡¿∑¢â“« “√∫√√®ÿ∂ÿß ·≈–ª≈“¬¢â“« ªí®®ÿ∫—π¡’∑ÿπ®¥∑–‡∫’¬π 120 ≈â“π∫“∑ ¡’ ‚√ßß“π ª√—∫ª√ÿß§ÿ≥¿“æ¢â“« “√ ∑’Ë Õ.∫“ß¡Ÿ≈π“° ®.æ‘®‘μ√ ´÷Ëß‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπ®“°§≥–°√√¡°“√ àß‡ √‘¡°“√≈ß∑ÿπ °“√®—¥À“ «—μ∂ÿ¥‘∫®–À“‰¥â®“°¿“¬„πª√–‡∑»∑—ÈßÀ¡¥ ´÷Ëß¡’√“§“º—πº«πμ“¡ ƒ¥Ÿ°“≈ ·≈–§ÿ≥ ¡∫—μ‘¢Õß¢â“«·μà≈– “¬æ—π∏ÿå «‘∏’°“√®—¥À“‚¥¬ °“√√—∫´◊ÈÕ‚¥¬μ√ß®“°‚√ß ’„π∑âÕß∂‘Ëπμà“ßÊ ·≈– à«πÀπ÷Ëß®–®—¥´◊ÈÕ ºà“ππ“¬Àπâ“ ➛ „π¥â“π°“√μ≈“¥ “¡“√∂®”·π°‡ âπ∑“ß°“√®”Àπà“¬ÕÕ° ‡ªìπ 2 ‡ âπ∑“ß°“√®”Àπà“¬ ¥—ßπ’È μ≈“¥„πª√–‡∑» ®–®”Àπà“¬‚¥¬μ√ß·°à≈Ÿ°§â“°≈ÿà¡∑’Ë®– π”º≈‘ μ ¿— ≥ ±å ‰ª·ª√√Ÿª‡ªìπº≈‘μ¿—≥±åÕ◊Ëπ ‡™àπ ‚√ßß“π‡ âπÀ¡’Ë à«π¢â“« “√∫√√®ÿ∂ßÿ ®–®”Àπà“¬ºà“πμ—«·∑π®”Àπà“¬ ·≈– √â“π§â“ àß μ≈“¥μà“ßª√–‡∑» ®–®”Àπà“¬‚¥¬ºà“ππ“¬Àπâ“ ºŸπâ ”‡¢â“ ºŸâ§â“ª≈’° °“√‰¥â ‚§«μâ“®—¥ √√®“°¿“§√—∞œ Õ’°∑—Èß¬—ß∑”°“√μ‘¥μàÕ ®”Àπà“¬‚¥¬μ√ß°—∫ºŸâ àßÕÕ° ➛ ¥â«¬°“√¬÷¥·π«π‚¬∫“¬°“√¥”‡π‘π∏ÿ√°‘® ∑’¡Ë ßÿà ‡πâπ°“√§—¥ √√ º≈‘μ¿—≥±å∑’Ë πÕßμàÕ§«“¡μâÕß°“√¢Õß≈Ÿ°§â“ ∑—Èß„π¥â“π§ÿ≥¿“æ ¢Õßº≈‘μ¿—≥±å ·≈–¡’¢π“¥∫√√®ÿ∑’ËÀ≈“°À≈“¬ ‚¥¬‡©æ“–Õ¬à“ß¬‘Ëß μ≈“¥μà“ßª√–‡∑» ∑’Ë „™âÀ≈—°°“√º≈‘μº≈‘μ¿—≥±å∑’Ë¡’§ÿ≥¿“æμ√ß μ“¡¡“μ√∞“π°“√ àßÕÕ° °“√ àß¡Õ∫ ‘π§â“μ√ß°”Àπ¥‡«≈“ Õ’° ∑—Èß°“√√—°…“√–¥—∫√“§“∑’Ë¬ÿμ‘∏√√¡·≈– “¡“√∂·¢àß¢—π‰¥â ´÷Ëß ∑—ÈßÀ¡¥‡ªìπ ‘Ëß∑’Ë √â“ß§«“¡‡™◊ËÕ∂◊Õ‰¥â∑“ß°“√§â“„Àâ‡°‘¥·°à∏ÿ√°‘® ■

1. President Agri Trading Co., Ltd. holding a 51% share of the registered capital 2. President Bakery Public Co., Ltd. holding a 37.51% share of the registered capital

PRESIDENT AGRI TRADING CO., LTD.

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Set up in 1992 with an initial registered capital of 2 million

baht for trading in agricultural produces such as packaging rice grains and broken rice in bulk. Now, the registered capital reaches 120 millions baht and there is a plant for upgrading rice grains at Amphoe Bangmoonnak, Pichit Province found under the promotion from the Board of Investment. Sourcing raw rice is within the country and price varies to season and attributes of rice strand. Procurement is by buying directly from local rice millers and partly through selling agents.

➛

■

Marketing is based on two distribution channels as follows: ■

Domestic distribution : cater directly to clients whose

businesses are to process rice grains into other products such as rice vermicelli manufacturers. Rice in packages is distributed via distributors and wholesalers. ■

Foreign distribution : distributions are through export

agents, importers and retailers with allocation quota granted by the government. Direct sales to rice exporters are also enabled.

➛

Not only shipping right goods to meet the foreign market

demand in terms of quality and packaging specification, the company also ensures that each shipment is up to export standard and punctual deliver with reasonable and competitive price. All these

∫√‘…—∑ ‡æ√´‘‡¥π∑å‡∫‡°Õ√’Ë ®”°—¥ (¡À“™π) ➛ ª√–°Õ∫∏ÿ √ °‘ ® º≈‘ μ ¢π¡ªí ß ·≈–‡∫‡°Õ√’Ë ¿“¬„μâ ‡§√◊ËÕßÀ¡“¬°“√§â“ çø“√å¡‡Œâ“ åé ¡’ ‚√ßß“πº≈‘μμ—ÈßÕ¬Ÿà∑’Ëπ‘§¡ Õÿμ “À°√√¡≈“¥°√–∫—ß °“√®—¥À“«—μ∂ÿ¥∫‘ À≈—° ´÷ßË ª√–°Õ∫‰ª¥â«¬ ·ªÑß “≈’·≈–‰¢¡—π ®–¡’·À≈àß°“√®—¥À“¿“¬„πª√–‡∑» ‚¥¬®– ‡ªìπ°“√´◊ÈÕ®“°ºŸâ¢“¬À≈“¬√“¬ ‡æ◊ËÕ≈¥§«“¡‡ ’Ë¬ß„π¥â“π°“√º≈‘μ ‚¥¬„™â°“√®—¥´◊ÕÈ ·∫∫‡ªî¥‡ √’„Àâ·°àº¢Ÿâ “¬À≈“¬√“¬ “¡“√∂·¢àß¢—π‰¥â ‚¥¬„™â‡°≥±å°“√æ‘®“√≥“À≈“¬Ê ‡°≥±å §◊Õ §ÿ≥ ¡∫—μ‘·≈– §ÿ≥¿“æ¢Õß ‘π§â“ √“§“∑’Ë‡ªìπ∏√√¡ °“√∫√‘°“√∑’Ë¥’´÷Ëß√«¡∂÷ß°“√ ∫√‘°“√À≈—ß°“√¢“¬¥â«¬

have endorsed the credibility of the company.

PRESIDENT BAKERY PUBLIC CO., LTD.

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A manufacturer for bread and bakery owning “Farmhouse”

brand having a factory in Ladkrabang Industrial Estate. Sourcing raw materials such as wheat flour and fat mostly in Thailand from many suppliers to distribute risk of supply, if any. Procurement, based on liberal bidding , is made at most competitive bid offered by a supplier whereas quality, specification and price of supplies as well as before and after-sales service of suppliers are considered.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

➛ °“√®—¥®”Àπà“¬º≈‘μ¿—≥±å∑ß—È „π‡¢μ°√ÿß‡∑æœ ·≈–μà“ß®—ßÀ«—¥ ∑’¡Ë »’ πŸ ¬å°“√°√–®“¬ ‘π§â“ ·≈–‰¥â«“ßμ≈“¥‰ª¬—ß√â“π§â“ª≈’°¥—ßÈ ‡¥‘¡ ·≈–√â“π§â“ª≈’° ¡—¬„À¡à ª√–‡¿∑√â“π –¥«°´◊ÈÕ ‡™àπ 7-11, ·ø¡‘≈’Ë¡“√å∑, ∂“π’∫√‘°“√πÈ”¡—π ·≈–ª√–‡¿∑¥‘ ‡§“πå ‚μ√å ‡™àπ ‡∑ ‚°â ‚≈μ— §“√åøŸ√å ·≈–∫‘Í°´’ ‡ªìπμâπ ‚¥¬∑’Ë∫√‘…—∑¡’π‚¬∫“¬°“√ §ß§«“¡ ¥„À¡à¢Õßº≈‘μ¿—≥±å ·≈–¡’°“√«“ß°≈¬ÿ∑∏å°“√¢“¬∑’¥Ë ‡’ ¬’¬Ë ¡ ´÷Ëß àßº≈„Àâ¡’º≈‘μ¿—≥±å‡¥‘¡μ°§â“ß„π∑âÕßμ≈“¥πâÕ¬¡“°‡¡◊ËÕ‡∑’¬∫ °—∫§Ÿà·¢àß¢—π

➛

The

distribution channels of the company’s products in

Bangkok and provincial, centers nationwide in addition to the old channels via conventional retail shops and modernized convenient store such as 7-11,Family Mart, shops inside fuel stations and discount stores like Tesco-Lotus, Carrefour, Big-C, and so on. Still, There are policies for guaranteeing the products’ validity on shelves in combination with the unfailing sales plan which have helped lessening the number of unsold goods in the market considerably as compared to the competitors’ goods.

—¥ à«π√“¬‰¥âμ“¡°≈ÿà¡∏ÿ√°‘® ➛ ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ ¥”‡π‘π°‘®°“√„π à«πß“π∑“ß ∏ÿ√°‘®‡¥’¬« °≈à“«§◊Õ ∫√‘…∑— „À≠à¥”‡π‘π∏ÿ√°‘®º≈‘μ·≈– àßÕÕ°º≈‘μ‡ âπ ¢“«°÷Ëß ”‡√Á®√Ÿª ∫√‘…—∑¬àÕ¬‰¥â·°à ∫√‘…—∑ ‡æ√´‘‡¥π∑å Õ–°√‘ ‡∑√¥¥‘Èß ®”°—¥ ¥”‡π‘π∏ÿ√°‘®¢“¬·≈– àßÕÕ°º≈‘μº≈∑“ß°“√‡°…μ√ ª√–‡¿∑ ¢â“« ∑—ÈßÀ¡¥¥”‡π‘π∏ÿ√°‘®„π à«πß“π∑“ß¿Ÿ¡‘»“ μ√å‡¥’¬« §◊Õ ª√–‡∑»‰∑¬ ¥—ßπ—Èπ√“¬‰¥â °”‰√ ·≈– ‘π∑√—æ¬å∑—ÈßÀ¡¥∑’Ë· ¥ß„π ß∫°“√‡ß‘ π ®÷ ß ‡°’Ë ¬ «¢â Õ ß°— ∫ à « πß“π∏ÿ √ °‘ ® ·≈– à « πß“π∑“ß ¿Ÿ¡‘»“ μ√åμ“¡∑’Ë°≈à“«‰«â

BUSINESS GROUP’S INCOME STRUCTURE

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President Rice Products Public Co., Ltd. and its subsidiaries

have been each regarded as single business unit . In sort, the main business operates to manufacture and export rice based noodle strips whereas its subsidiaries, President Agri Trading Co., Ltd. selling and exporting agricultural produces, mainly rice grains. All are operating in the same geographical which is Thailand. Therefore, incomes, earnings and assets shown in the Financial Statements refer to each individual single business unit and to the geographical boundary as mentioned.

‚§√ß √â“ß°“√¢“¬º≈‘μ¿—≥±å¢Õß∫√‘…—∑ ·≈–∫√‘…—∑¬àÕ¬ SALES STRUCTURE OF THE COMPANY AND SUBSIDIARY

Àπà«¬ : ≈â“π∫“∑ / Unit : Million Baht º≈‘μ¿—≥±å ‡ âπ¢“«°÷Ëß ”‡√Á®√Ÿª ¢â“«μâπ ª≈“¬¢â“« À¡“¬‡Àμÿ

¥”‡π‘π°“√‚¥¬

% °“√∂◊ÕÀÿâπ

√“¬‰¥â / Revenues

%Share

2546

2545

2544

Operated BY

Owner ship

2003

2002

2001

PR PA

686.76

747.13

732.13

8,513.88

7,595.93

5,491.15

51.00

Remark

1. PR = ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π) 2. PA = ∫√‘…—∑ ‡æ√´‘‡¥π∑å Õ–°√‘ ‡∑√¥¥‘Èß ®”°—¥

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

Products

Instant Rice Vermicelli Rice, Small Broken Rice

= President Rice Products Public Company Limited

= President Agri Trading Co., Ltd.

§”Õ∏‘∫“¬·≈–°“√«‘‡§√“–Àå∞“π–°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“π NOTES AND ANALYSIS TO THE FINANCIAL POSITION AND PERFORMANCE

º≈°“√¥”‡π‘πß“π√«¡ ➛ ”À√—∫„πªï 2546 ß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑œ ª√–°Õ∫¥â«¬ ∫√‘…—∑¬àÕ¬ 1 ·Ààß‰¥â·°à ∫√‘…—∑ ‡æ√´‘‡¥π∑åÕ–°√‘ ‡∑√¥¥‘Èß ®”°—¥ ´÷Ëß¡’ —¥ à«π°“√≈ß∑ÿπ§‘¥‡ªìπ√âÕ¬≈– 51 ·≈–¡’∫√‘…—∑√à«¡ 1 ·Ààß ‰¥â·°à ∫√‘…—∑ ‡æ√´‘‡¥π∑å‡∫‡°Õ√’Ë ®”°—¥ (¡À“™π) ¡’ —¥ à«π°“√ ≈ß∑ÿπ√âÕ¬≈– 37.51 ‚¥¬„π√Õ∫ªï∑’Ëºà“π¡“∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’ √“¬‰¥â®“°°“√¢“¬√«¡∑—Èß ‘Èπ 9,201 ≈â“π∫“∑ ª√–°Õ∫¥â«¬¬Õ¥ ¢“¬„πª√–‡∑» 1,024 ≈â“π∫“∑ ·≈–¬Õ¥¢“¬μà“ßª√–‡∑» 8,177 ≈â“π∫“∑ §‘¥‡ªìπ√“¬‰¥â®“°°“√¢“¬√«¡‡æ‘Ë¡¢÷Èπ®“°ªï°àÕπÕ—μ√“ √âÕ¬≈– 10.28 ´÷ËßÕ—μ√“∑’Ë‡æ‘Ë¡¢÷Èπ¢Õß√“¬‰¥â√«¡‡ªìπº≈®“°√“¬‰¥â ®“°°“√¢“¬¢â“«„πª√–‡∑»¢Õß∫√‘…∑— ¬àÕ¬∑’‡Ë æ‘¡Ë ¢÷πÈ 247.40 ≈â“π∫“∑ §‘¥‡ªìπÕ—μ√“√âÕ¬≈–∑’Ë‡æ‘Ë¡ 60.58 ‡¡◊ËÕ‡∑’¬∫°—∫ªï°àÕπ ‡π◊ËÕß®“°„πªï 2546 ∫√‘…—∑¬àÕ¬‰¥â‡√‘Ë¡¢“¬¢â“«‡ª≈◊Õ°„Àâ°—∫∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß Õ’° ∑—Èß‰¥â‡æ‘Ë¡°“√®”Àπà“¬¢â“« 5% ¿“¬„πª√–‡∑»¥â«¬ ·μà ”À√—∫

¬Õ¥¢“¬‡©æ“–¢Õß∫√‘…∑— œ „π à«π¢Õßº≈‘μ¿—≥±åÕ“À“√°÷ßË ”‡√Á®√Ÿª ¡’Õ—μ√“∑’Ë≈¥≈ß®“°ªï°àÕπ§‘¥‡ªìπ√âÕ¬≈– 8.08 ´÷Ëß‡ªìπº≈°√–∑∫ ®“°¿“«–μ≈“¥√«¡¢Õß‡ âπÀ¡’°Ë ß÷Ë ”‡√Á®√Ÿª„πªï 2546 ∑’¬Ë ß— §ß≈¥≈ß ·¡â«“à ¿“«–‡»√…∞°‘®„πª√–‡∑»®–¡’Õμ— √“°“√¢¬“¬μ—«‡æ‘¡Ë ¢÷πÈ °Áμ“¡ ªí®®—¬À≈—°∑’Ë àßº≈°√–∑∫μàÕ¬Õ¥¢“¬„πª√–‡∑»¢Õß∫√‘…—∑œ ‡°‘¥ ®“°¿“«–·¢àß¢—π∑’Ë√ÿπ·√ß„π°“√ √â“ßμ√“ ‘π§â“ (Brand Name) ¢Õß∫–À¡’Ë·≈–§Ÿà·¢àß¢—π ‚¥¬μà“ß„™â°≈¬ÿ∑∏å¥â“π√“§“·≈–ÕÕ° ‘π§â“√ ™“μ‘„À¡àÊ √«¡∑—Èß°“√„™â ◊ËÕ‚¶…≥“„πÀ≈“¬√Ÿª·∫∫ ‡æ◊ËÕ ®Ÿß„®·≈–‡æ‘Ë¡∑“ß‡≈◊Õ°„À¡à „Àâ·°àºŸâ∫√‘‚¿§Õ¬à“ßμàÕ‡π◊ËÕß à«π¬Õ¥ ¢“¬μà“ßª√–‡∑»¢Õß ∫√‘…—∑œ ¡’ —¥ à«π≈¥≈ß¥â«¬‡™àπ‡¥’¬«°—π “‡Àμÿ À π÷Ë ß ‡°‘ ¥ ®“°º≈°√–∑∫¢ÕßÕ— μ √“·≈°‡ª≈’Ë ¬ π °ÿ ≈ ‡ß‘ π ¥Õ≈≈“√å∑·’Ë ¢Áß§à“¢÷πÈ ª√–°Õ∫°—∫„π™à«ßμâπªï¡°’ “√·æ√à√–∫“¥¢Õß‚√§ SARS „π¿Ÿ¡‘¿“§‡Õ‡™’¬ àßº≈„Àâμ≈“¥ àßÕÕ°∑’Ë ”§—≠„π·∂∫ ‡Õ‡™’¬¢Õß∫√‘…—∑œ ™–≈Õμ—«≈ß‰ª¥â«¬

OVERVIEW OF THE CONSOLIDATED PERFORMANCE

➛

In 2003, our company’s consolidated financial statements

comprised 1 subsidiary, President Agri Trading Co., Ltd., in which the company’s investment accounts for 51 percent, and 1 joint business, President Bakery Public Co., Ltd. of which 37.51 percent the company has invested. For the whole past year, the company and subsidiary had a total sales revenue of 9,201 millions baht, composed of domestic sales turnover of 1,024 millions baht and foreign turnover 8,177 millions baht which is increased from the past year’s total sales revenue by 10.28 percent. The increased revenue was due to the sharp rise in the domestic sales revenue from rice trading of the subsidiary which was 247.40 millions baht increased, or 60.58 percent up from the earlier year. Since 2003, the subsidiary has started selling whole grained rice to its associated

businesses and also increasing its domestic sale of 5 percent rice. However, the turnover for those instant products of the company has started to fall from the year earlier by 8.08 percent as impacted by the further decline in the overall market for instant white noodle products in the country in 2003 in spite of the expansion of the country’s economics. The major factor which has impacted on the company’s dropping domestic performance is the extremely strong competition in the instant noodles domestic market situation where competitors’ brand buildings have been intensive with hard sales strategies being used such as price cutting and launching new items more frequently as well as extensively employing various kinds of media to maintain the old and create new demands of and more choices of supply for consumers. The foreign sales turnover was also down owing to the appreciating Thai currency against U.S. dollar plus the SARS outbreaks in Asia, all which had dampened the company’s key export markets in Asia to some degree.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

➛ à«πμâπ∑ÿπ¢“¬·≈–§à“„™â®à“¬„π°“√¥”‡π‘πß“π¢Õß∫√‘…—∑œ μâπ∑ÿπ√«¡¡’°“√‡ª≈’Ë¬π·ª≈ß‡æ‘Ë¡¢÷Èπ®“°ªï°àÕπ ‚¥¬ªí®®—¬∑’Ë àßº≈ °√–∑∫μàÕμâπ∑ÿπ‰¥â·°à √“§“πÈ”¡—π‡™◊ÈÕ‡æ≈‘ß∑’Ë‡æ‘Ë¡ Ÿß¢÷ÈπÕ¬à“ß¡“° ª√–°Õ∫°—∫√“§“«—μ∂ÿ¥‘∫‡§√◊ËÕßª√ÿß∫“ß à«π ¡’°“√ª√—∫√“§“ Ÿß¢÷Èπ „π¢≥–‡¥’¬«°—π∫√‘…—∑œ¬—ß¡’§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√√«¡ ‡æ‘Ë¡¢÷Èπ‡¡◊ËÕ‡∑’¬∫°—∫ªï°àÕπ ‡ªìπ§à“„™â®à“¬„π à«π¢Õß∫√‘…—∑¬àÕ¬∑’Ë ‡æ‘Ë¡ Ÿß¢÷Èπ§‘¥‡ªìπÕ—μ√“√âÕ¬≈– 50.05 ´÷Ëß à«π„À≠à‡ªìπ§à“„™â®à“¬ ‡°’Ë¬«°—∫°“√ àßÕÕ°¢â“«‰ªμà“ßª√–‡∑» ·μà ”À√—∫§à“„™â®à“¬‡©æ“– ¢Õß∫√‘…—∑œ≈¥≈ß§‘¥‡ªìπÕ—μ√“√âÕ¬≈– 17.55 ‡¡◊ËÕ‡∑’¬∫°—∫ªï°àÕπ∑’Ë ∫√‘…—∑œ¡’°“√„™â®à“¬ß∫ª√–¡“≥‡°’Ë¬«°—∫°“√‚¶…≥“ ‘π§â“·≈–°“√ àß‡ √‘¡°“√¢“¬¢Õßº≈‘μ¿—≥±å„À¡à Ÿß°«à“ªïªí®®ÿ∫—π¡“°

∞“π–°“√‡ß‘π ‘π∑√—æ¬å ➛ ‘π∑√—æ¬å√«¡ ÿ∑∏‘„πªï 2546 ¡’®”π«π 5,407.08 ≈â“π∫“∑ ª√–°Õ∫¥â«¬ ‘π∑√—æ¬å∂“«√ 290.58 ≈â“π∫“∑ ‡ß‘π≈ß∑ÿπ®”π«π 296.23 ≈â“π∫“∑ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π 4,789.36 ≈â“π∫“∑ ·≈– ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π 30.91 ≈â“π∫“∑ ‘π∑√—æ¬å∑’Ë¡’ —¥ à«π Ÿß¢÷Èπ ¡“°‡¡◊ËÕ‡∑’¬∫°—∫ªï∑’Ëºà“π¡“ ‰¥â·°à ≈Ÿ°Àπ’È°“√§â“´÷Ëß‡æ‘Ë¡¢÷ÈπÕ—μ√“ √âÕ¬≈– 95.72 ‚¥¬‡ªìπ à«π¢Õß∫√‘…—∑¬àÕ¬∑’Ë¡’¬Õ¥¢“¬‡æ‘Ë¡¢÷Èπ

➛

The cost of goods sold and the sales and administration

expenses of the company saw some changes though. The consolidated cost of goods sold increased from the previous year as with the steeple costs of fuel and some raw materials for condiment stuff. Meanwhile, the consolidated sales and administration expenses were also up from the year before of which 50.05 percent went to the subsidiary mainly as its increased expenses in exporting rice to overseas whereas the sales and administration expenses solely of the company were decreased by 17.55 percent, year on year, because there were less advertisement for new products and sales promotion activities than the year before.

FINANCIAL POSITION: Assets

➛

The consolidated assets for 2003 totaled 5,407.08 millions

baht, composed of the fixed assets of 290.58 millions baht, investments of 296.23 millions baht, revolving assets of 4,789.36 millions baht and non-revolving assets of 30.91 millions baht. The highest increase in the asset side compared to the year before went to the account receivables which rose by 95.72 percent which belonged to the subsidiary who had much improved sales revenue.

Àπ‘È ‘π ➛ Àπ’ È π‘ √«¡„πªï 2546 ¡’®”π«π 3,862.35 ≈â“π∫“∑ ª√–°Õ∫ ¥â«¬Àπ’ È π‘ À¡ÿπ‡«’¬π 3,826.77 ≈â“π∫“∑ ·≈–Àπ’ È π‘ √–¬–¬“« 35.58 ≈â“π∫“∑ „π à«π¢ÕßÀπ’È ‘πÀ¡ÿπ‡«’¬π∑’Ë‡æ‘Ë¡¡“°¢÷Èπ ‡°‘¥®“°‡ß‘π°Ÿâ ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π‡æ‘Ë¡¢÷Èπ§‘¥‡ªìπÕ—μ√“√âÕ¬≈– 79.0 ´÷Ëß‡ªìπ à«π∑’Ë∫√‘…—∑¬àÕ¬°Ÿâ¬◊¡‡æ◊ËÕ„™â‡ªìπ∑ÿπÀ¡ÿπ‡«’¬π√–¬– —Èπ„π °‘®°“√ ·≈–¡’¬Õ¥‡®â“Àπ’°È “√§â“∑’‡Ë æ‘¡Ë ¡“°¢÷πÈ ®”π«π 437.99 ≈â“π∫“∑

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

Liabilities

➛

The Consolidated liabilities in 2003 were raised to 3,862.35

millions baht, comprising revolving liabilities of 3,826.77 millions baht, and long-term liabilities of 35.58 millions baht. The revolving liabilities, accounting for 79.0 percent, soared from the short-term loans obtained from the financial institutes by the subsidiary for

§‘¥‡ªìπÕ—μ√“√âÕ¬≈– 191.77 ‡¡◊ËÕ‡∑’¬∫°—∫ªï°àÕπ ´÷Ëß‡ªìπ‡®â“Àπ’È°“√ §â“°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π®”π«π 336.17 ≈â“π∫“∑ ∑’Ë‡√‘Ë¡‡°‘¥¢÷Èπ„πªï 2546 ‡π◊ËÕß®“°∫√‘…—∑¬àÕ¬‰¥â¡’°“√®”Àπà“¬¢â“«‡ª≈◊Õ°„Àâ·°à∫√‘…—∑ ∑’Ë‡°’Ë¬«¢âÕß°—π

use as its short-term working capital in its business and there was also soaring the account payables of 437.99 millions baht, or 191.77 percent up, year on year. Some 336.17 millions baht of the account payables were related to associated companies and happened since 2003 from selling whole grained rice to the associated companies.

à«π¢ÕßºŸâ∂◊ÕÀÿâπ ➛ „πªï 2546 à«π¢ÕßºŸâ∂◊ÕÀÿâπ®”π«π 1,031.84 ≈â“π∫“∑ ‰¥â √«¡ à«π¢Õß°”‰√ ÿ∑∏‘√«¡‰«â®”π«π 191.77 ≈â“π∫“∑ ´÷Ëß≈¥≈ß §‘¥‡ªìπÕ—μ√“√âÕ¬≈– 4.41 ‡¡◊ËÕ‡∑’¬∫®“°ªï°àÕπ ‚¥¬°”‰√ ÿ∑∏‘√«¡ ª√–°Õ∫¥â«¬º≈°”‰√®“°°“√¥”‡π‘πß“π‡©æ“–¢Õß∫√‘…—∑ ®”π«π 104.96 ≈â“π∫“∑ ´÷Ëß≈¥≈ß§‘¥‡ªìπÕ—μ√“√âÕ¬≈– 11.85 ·μà¡’º≈ °”‰√®“°°“√≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡®”π«π 86.81 ≈â“π ∫“∑ ´÷Ëß‡æ‘Ë¡¢÷Èπ§‘¥‡ªìπÕ—μ√“√âÕ¬≈– 6.45 ·≈–‡¡◊ËÕÀ—°‡ß‘π ¥ªíπº≈ ®à“¬®”π«π 71.95 ≈â“π∫“∑·≈â« àßº≈„Àâ à«π¢ÕßºŸâ∂◊ÕÀÿâπ¢Õß∫√‘ …—∑œ„πªï 2546 ‡æ‘Ë¡¢÷Èπ ÿ∑∏‘ 119.82 ≈â“π∫“∑ §‘¥‡ªìπÕ—μ√“∑’Ë‡æ‘Ë¡ ¢÷Èπ√âÕ¬≈– 10.14 ➛ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 ∫√‘…—∑œ ¡’¡Ÿ≈§à“μ“¡∫—≠™’μàÕÀÿâπ ‡∑à“°—∫ 108.49 ∫“∑ ·≈–¡’°”‰√μàÕÀÿâπ 15.98 ∫“∑ ´÷Ëß≈¥≈ß®“°ªï °àÕπ∑’Ë¡’°”‰√μàÕÀÿâπ 16.72 ∫“∑ §‘¥‡ªìπ —¥ à«π∑’Ë≈¥≈ß√âÕ¬≈– 4.43

Shareholders’ Equity

➛

In 2003, there was shareholders’ equity of 1,031.84 millions

baht, including the portion of consolidated net earnings of 191.77 millions baht which was falling from the previous year by 4.41 percent. The consolidated net earnings were composed of the earnings from the operational result solely of the company of 104.96 millions baht, dropped from the previous year by 11.85 percent. However, the returns from the investments in the subsidiary and the joint business amounted to 86.81 millions baht which were increased by 6.45 percent. And after deducting the dividend payable of 71.95 millions baht, the shareholders’ equity for 2003 soared by 119.82 millions baht, or a 10.14 percent increase, year on year.

➛

As at 31st December, 2003, the company struck a book value

per share 108.49 baht and enjoyed an earning per share of 15.98 baht

¿“æ§≈àÕß¢Õß∫√‘…—∑ ➛ °√–· ‡ß‘π ¥ ÿ∑∏‘¢Õß∫√‘…—∑œ ”À√—∫ªï 2546 ¡’®”π«π 237.01 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 25.78 ≈â“π∫“∑ ®“°ªï 2545 ´÷Ëß¡’®”π«π 211.23 ≈â“π∫“∑ §‘¥‡ªìπ —¥ à«π∑’‡Ë æ‘¡Ë ¢÷πÈ √âÕ¬≈– 12.20 °“√∑’∫Ë √‘…∑— œ ¬—ß§ß ¿“æ§≈àÕß‰«â Ÿß ‡π◊ËÕß®“°∫√‘…—∑œ ¡’°“√ ”√Õß‡ß‘π‡æ◊ËÕ°“√ ®à“¬≈ß∑ÿπ„πªï 2547 ”À√—∫‚§√ß°“√°àÕ √â“ß‚√ßß“π·Ààß„À¡à∑’Ë ®—ßÀ«—¥√“™∫ÿ√’ ‘Èπªï 2546 ∫√‘…—∑œ ‰¥â¥”‡π‘π°“√®—¥´◊ÈÕ∑’Ë¥‘π ”À√—∫‚√ßß“π·Ààß„À¡à‡π◊ÈÕ∑’Ëª√–¡“≥ 122 ‰√à ‰«â‡√’¬∫√âÕ¬·≈â«

which fell from 16.72 baht in the earlier year, or 4.43 percent lower.

Liquidity Position

➛

The company’s cash flow in 2003 was made up of 237.01

millions baht, increased by 25.78 millions baht from 211.23 millions baht of 2002, or 12.20 percent up. The company still managed to maintain its high liquidity position because it decided to reserve fund for more investments in 2004 in the new plant building project in Rajburi Province at the end of the year 2003, the company already bought a plot of land of 122 rai (1 rai = 1,600 square meters), approximately, for building its new plant.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

∞“π–∑“ß°“√‡ß‘π

FINANCIAL STATUS

WORKING CAPITAL

SHAREHOLDERS' EQUITY

(≈â“π∫“∑/ Million baht)

700

1,302

557

560

590

1,400

630

1,260 408

1,182

490

341

420

215 172

210

1,051

280

1,120

240

350

104

888

980 140 70

2537 1994

2538 1995

2539 1996

2540 1997

2541 1998

2542 1999

2543 2000

2544 2001

2545 2002

840

2546 2003

741

700 617

FIXED ASSETS (≈â“π∫“∑/ Million baht) 180

499

560 152

162

337

110

357

126

420

105

108

107

112

121

126

419

144

280

90 72 54

140 36 18 0

2537 1994

2538 1995

2539 1996

2540 1997

2541 1998

2542 1999

2543 2000

2544 2001

2545 2002

2546 2003

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

2537 1994

2538 1995

2539 1996

2540 1997

2541 1998

2542 1999

2543 2000

2544 2001

2545 2002

2546 2003

Õ—μ√“ à«π∑“ß°“√‡ß‘πªï 2546 º≈°”‰√

FINANCIAL RATIO

¬Õ¥¢“¬·≈–¬Õ¥º≈‘μ

Profitability

Total Sale & Actual Productions

(≈â“π∫“∑/ Million baht)

(μ—π/ Tons) 10,000

720

9,000

640

8,000

560

7,000

480

6,000

Total Productions

400

5,000

¬Õ¥¢“¬√«¡

320

4,000

Total Sale

240

3,000

¬Õ¥¢“¬„πª√–‡∑»

160

2,000

Domestic Sales

1,000

¬Õ¥¢“¬μà“ßª√–‡∑»

Export Sales

148

800

160

145

180

100

105

114

120

80 60

119

140

40 20 0

0 2537 1994

2538 1995

2539 1996

2540 1997

2541 1998

2542 1999

2543 2000

2544 2001

2545 2002

Õ—μ√“ à«π∑“ß°“√‡ß‘π (‡©æ“–¢Õß∫√‘…—∑) Õ—μ√“ à«π ¿“æ§≈àÕß LIQIDITY RATIO Õ—μ√“ à«π ¿“æ§≈àÕß Liqidity ratio Õ—μ√“ à«π ¿“æ§≈àÕßÀ¡ÿπ‡√Á« Current liquidity ratio Õ—μ√“ à«π ¿“æ§≈àÕß°√–· ‡ß‘π ¥ Cash flow liquidity ratio Õ—μ√“ à«πÀ¡ÿπ‡«’¬π≈Ÿ°Àπ’È°“√§â“ Account receivable turnover ratio √–¬–‡«≈“‡°Á∫Àπ’‡È ©≈’Ë¬ Average collection period Õ—μ√“ à«πÀ¡ÿπ‡«’¬π ‘π§â“§ß‡À≈◊Õ Inventory turnover ratio √–¬–‡«≈“¢“¬ ‘π§â“‡©≈’Ë¬ Day’s sales in inventory Õ—μ√“ à«πÀ¡ÿπ‡«’¬π‡®â“Àπ’È°“√§â“ Account payable turnover ratio √–¬–‡«≈“™”√–Àπ’È Payment period Cash Cycle Õ—μ√“ à«π· ¥ß§«“¡ “¡“√∂„π°“√À“°”‰√ PROFITABILITY RATIO Õ—μ√“°”‰√¢—Èπμâπ Preliminary profit margin Õ—μ√“°”‰√®“°°“√¥”‡π‘πß“π Operational profit ratio Õ—μ√“°”‰√Õ◊Ëπ Other profit ratio Õ—μ√“ à«π‡ß‘π ¥μàÕ°“√∑”°”‰√ Cash to profitability ratio Õ—μ√“°”‰√ ÿ∑∏‘ Net earnings rate Õ—μ√“º≈μÕ∫·∑πºŸâ∂◊ÕÀÿâπ Return on equity rate Õ—μ√“ à«π· ¥ßª√– ‘∑∏‘¿“æ„π°“√¥”‡π‘πß“π ACTIVITY RATIO Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬å Return on assets rate Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬å∂“«√ Return on fixed assets rate Õ—μ√“°“√À¡ÿπ¢Õß ‘π∑√—æ¬å Total assets turnover Õ—μ√“ à«π«‘‡§√“–Àåπ‚¬∫“¬∑“ß°“√‡ß‘π RATIOS FRON FINANCIAL ANALYSIS Õ—μ√“ à«πÀπ’È ‘πμàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ Ratios of total liabilities to shareholders’ equity Õ—μ√“ à«π§«“¡ “¡“√∂™”√–¥Õ°‡∫’È¬ Ratio of interest earned Õ—μ√“ à«π§«“¡ “¡“√∂™”√–¿“√–ºŸ°æ—π Liability settled ratio Õ—μ√“°“√®à“¬‡ß‘πªíπº≈ Dividend proportion

2546 2003

2537 1994

2538 1995

2539 1996

2540 1997

2546

2545

2544

2003

2002

2001

2541 1998

2542 1999

2543 2000

2544 2001

2545 2002

º≈º≈‘μ

2546 2003

Õ—μ√“ à«π ¿“æ§≈àÕß

8.70 8.23 1.69 6.14 59 14.05 26 10.99 33 52

6.88 6.46 1.44 5.98 60 13.31 27 10.90 33 54

5.57 5.09 2.00 5.90 61 12.57 29 10.28 35 55

33.47 15.28 0.02 137.64 24.40 15.41

34.57 15.94 0.03 111.34 23.93 17.97

35.74 20.16 0.15 118.25 27.68 23.57

14.42 151.62 0.59

16.53 184.28 0.69

21.36 257.54 0.77

0.06 622.88 0.61 37.60

0.08 949.55 0.35 31.09

0.09 513.14 0.66 28.87

∫√‘…—∑œ ¡’ ¿“æ§≈àÕß„πÕ—μ√“ à«π∑’Ë‡æ‘Ë¡¢÷Èπ∑ÿ°ªï ‚¥¬‡©æ“–„πªï 2546 ¡’ ¿“æ§≈àÕß Ÿß‡æ‘Ë¡¢÷Èπ∂÷ß 8.70 ‡∑à“ ‡ªìπº≈®“°°“√∑’Ë∫√‘…—∑œ ¡’ °”‰√®“°°“√¥”‡π‘πß“πμàÕ‡π◊ËÕß¡“‚¥¬μ≈Õ¥ ª√–°Õ∫°—∫„πªïπ’È°“√ À¡ÿπ‡«’¬π¢Õß≈Ÿ°Àπ’È°“√§â“¡’Õ—μ√“‡æ‘Ë¡ Ÿß¢÷Èπ ·≈–√–¬–‡«≈“„π°“√‡°Á∫ Àπ’È‡©≈’Ë¬≈¥≈ß àßº≈„Àâ∫√‘…—∑œ ¡’°√–· ‡ß‘π ¥‰À≈‡¢â“ Ÿà∫√‘…—∑œ ‡æ‘Ë¡¢÷Èπ LIQUIDITY RATIO The company’s liquidity ratio is increasing year by year, especially in 2003, the liquidity ratio surged to 8.70 times as a result of the company’s cumulative earnings from its many years of profitable operation. Also one thing, in the previous year, there was a higher ratio of account receivable turnover and a lower average of debt collecting period which enabled the company to have higher inflow of cash.

Õ—μ√“ à«π· ¥ß§«“¡ “¡“√∂„π°“√À“°”‰√

§«“¡ “¡“√∂„π°“√∑”°”‰√¢Õß∫√‘…—∑œ „πªï 2546 ≈¥≈ß‡≈Á°πâÕ¬ ‡°‘¥®“°√“¬‰¥â®“°°“√¢“¬¢Õß∫√‘…—∑œ ≈¥≈ß §‘¥‡ªìπÕ—μ√“ 8.08% àßº≈„ÀâÕμ— √“°”‰√®“°°“√¥”‡π‘πß“π≈¥≈ß®“° 15.94 % ¡“‡ªìπ 15.28% „πªï 2546 ·μàÕ¬à“ß‰√°Áμ“¡Õ—μ√“°”‰√ ÿ∑∏‘¡’ —¥ à«π‡æ‘Ë¡¢÷Èπ‡≈Á°πâÕ¬ ‡π◊ËÕß¡“®“°¡’ à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπ„π∫√‘…—∑œ¬àÕ¬ ·≈–∫√‘…—∑œ √à«¡‡æ‘Ë¡¢÷Èπ®”π«π 5.26 ≈â“π∫“∑ EARNING ACHIEVEMENT RATIO The company’s earning achievement ratio in 2003 was slightly reduced because the sales revenue fell by 8.08 percent causing the earnings to fall from 15.94 percent of the year before to 15.28 percent in 2003. However, the net earnings were still increased, though slightly, as there were increased returns from the investments in the subsidiary and the joint business by total 5.26 millions baht.

Õ—μ√“ à«π· ¥ßª√– ‘∑∏‘¿“æ„π°“√¥”‡π‘πß“π ªï 2546 ª√– ‘∑∏‘¿“æ„π°“√¥”‡π‘πß“π«—¥®“°Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬∂“«√™≈Õμ—«≈ß ◊∫‡π◊ËÕß¡“®“°∫√‘…—∑œ ¡’°“√®—¥ √√‡ß‘π≈ß∑ÿπ „π ‘π∑√—æ¬å∂“«√‡æ‘Ë¡¢÷Èπ ‚¥¬¡’°“√´◊ÈÕ∑’Ë¥‘π¡Ÿ≈§à“ 27.90 ≈â“π∫“∑ ‡æ◊ËÕ °àÕ √â“ß‚√ßß“π·Ààß„À¡à ·≈–°“√ª√—∫ª√ÿßª√– ‘∑∏‘¿“æ¢Õß‡§√◊ËÕß®—°√ Õ¬à“ßμàÕ‡π◊ËÕß ‡æ◊ËÕ¢¬“¬Õ—μ√“°“√º≈‘μ„πÕπ“§μ PERFORMANCE EFFICIENCY RATIO In 2003, the company’s performance efficiency was evaluated from the rate of return from the fixed assets’ performance that had slowed down since the company allocated more investments in the fixed assets. For instances, buying a plot of land of 27.90 millions baht cost for building a new factory as well as updating the efficiency of the existing machine continuously which are to be put in place before the future production expansion is realized.

Õ—μ√“ à«π«‘‡§√“–Àåπ‚¬∫“¬∑“ß°“√‡ß‘π ‚§√ß √â“ßÀπ’È ‘πμàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑œ ¡’·π«‚πâ¡≈¥≈ß Õ¬à“ßμàÕ‡π◊ËÕß®π∂÷ßªí®®ÿ∫—π ∑—Èßπ’È‡æ√“–∫√‘…—∑œ ‰¡à ‰¥â°àÕ¿“√–Àπ’È ‘π √–¬–¬“«‡æ‘Ë¡¢÷Èπ ª√–°Õ∫°—∫ à«π¢ÕßºŸâ∂◊ÕÀÿâπ¡’¡Ÿ≈§à“‡æ‘Ë¡¢÷Èπμ“¡º≈ °”‰√ – ¡∑’Ë‡æ‘Ë¡¢÷Èπ ∑”„Àâ∫√‘…—∑œ “¡“√∂®à“¬‡ß‘πªíπº≈„π·μà≈–ªïμ“¡ π‚¬∫“¬¢Õß∫√‘…—∑œ ¥â«¬¥’‡ ¡Õ¡“ FINANCIAL POLICY ANALYSIS RATIO The liabilities-to-the-shareholders’ equity ratio has been dropping all the way until now because the company has not increased any burden in the long-term liabilities. Whereas the shareholders’ equity has been rising gradually as reflecting the cumulative retained earnings which has enabled the company to honor the dividend payments to its shareholders until now which is fit to its policy.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

«‘‡§√“–Àå Dupont

DUPONT ANALYSIS (PR)

Total Sales 744,601 756,928 697,565

Profit Margin

Net Income PR

30.69%

147,581

26.50%

119,063

27.49%

104,963

+ Subsidiary Return on Investment

80,955

23.26%

81,548

20.37%

86,812

20.05% Total Sales 744,601 (Times) Investment Turnover 0.76% 0.77% 0.73% Unit : Thousand Baht

756,928 697,565

Invested Capital 982,424 984,900

For Jan-Dec 2001

956,429 For Jan-Dec 2002 For Jan-Dec 2003

Note : Calculations are based on average figures obtained at beginning of year and end of year.

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

Cost of Goods Sold 63.18% 64.58% 65.50% Selling Expenses 3.52% 6.88%

Total Sales 100% 100% 100%

4.09% Admin Expenses 8.12% 8.21% 10.17% Interest

Cost of Sales

0.06%

80.18%

0.02% 0.00%

84.27% 84.95%

Tax 25%

Finish Goods

5.30%

7,321

4.57%

6,429

5.19%

5,214

Cash 254,489

Day’s 11

129

20,732

224,123

116

17,970

37,418

378,637

123

Stock 22,020

271,986

Inventory

Working Capital

Days’ Cash

Day’s

Days’ Inv. 19

Material 8,077

Day’s 4

36,735

9,575

32,513

9,330

A/R 128,084

Days’ Rec. 62

Other CL.+S. Loan

Day’s

40,620

124,863

44,213

346,367

111,918

40,881

288,321

Other CA. 46,066

Days’ Others CA.

Day’s

1,029

4,862

Non CA.

3,024

5,490

603,786

Current LIA

638,532 668,108

Days’ Current

3,259 A/P

Day’s

87,419

45,770

92,079

44,843

41,584

85,724

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

°“√μ≈“¥„πªï 2546 μ≈“¥„πª√–‡∑» ➛ ¿“æ√«¡¢Õßμ≈“¥∫–À¡’·Ë ≈–‡ âπÀ¡’°Ë ß÷Ë ”‡√Á®√Ÿª„πª√–‡∑» ”À√—∫ªï∑’Ëºà“π¡“ ¡’¬Õ¥¢“¬≈¥‡≈Á°πâÕ¬ ‡π◊ËÕß®“°¿“«–°“√·¢àß ¢—π„πμ≈“¥°≈ÿà¡π’È¡’§«“¡√ÿπ·√ßÕ¬à“ßμàÕ‡π◊ËÕß‡ ¡Õ¡“ ‚¥¬‡©æ“– º≈‘μ¿—≥±å∫–À¡’Ë°÷Ëß ”‡√Á®√Ÿª 3 μ√“À≈—°Ê ‰¥â·°à ¡“¡à“ ‰«‰« ·≈– ¬”¬” ®“°‡Àμÿ°“√≥å¥—ß°≈à“«§ß‰¡àÕ“®À≈’°‡≈’Ë¬ß‰¥â∑’Ëμ≈“¥‡ âπÀ¡’Ë ·≈–°ã«¬‡μ’Î¬«°÷Ëß ”‡√Á®√Ÿª À√◊Õ∑’Ë√«¡‡√’¬°«à“ º≈‘μ¿—≥±å‡ âπ¢“« ®–‰¥â√—∫º≈°√–∑∫‚¥¬μ√ß àßº≈„Àâ¬Õ¥¢“¬√«¡„πª√–‡∑»≈¥≈ß Õ¬à“ßμàÕ‡π◊ËÕßμ≈Õ¥√–¬–‡«≈“ 3 ªï∑’Ëºà“π¡“ ‡π◊ËÕß®“°‡ªìπ ‘π§â“∑’Ë ¡’≈Ÿ°§â“°≈ÿà¡‡ªÑ“À¡“¬‡¥’¬«°—π “¡“√∂∑¥·∑π°—π‰¥â∑—Èß„π¥â“π §«“¡ –¥«°√«¥‡√Á« §«“¡À≈“°À≈“¬¢Õß√Ÿª·∫∫∫√√®ÿ¿—≥±å √ ™“μ‘ ·≈–§«“¡Õ√àÕ¬ ➛ º≈‘μ¿—≥±å‡ âπ¢“« ´÷Ëß‡ªìπº≈‘μ¿—≥±åÀ≈—°¢Õß∫√‘…—∑œ ¡’ —¥ à«π„πμ≈“¥‡ âπÀ¡’Ë·≈–∫–À¡’Ë°÷Ëß ”‡√Á®√Ÿª„πª√–‡∑»√âÕ¬≈– 7 ‚¥¬¡’ºŸâ·∑π®”Àπà“¬„πª√–‡∑»‡æ’¬ß√“¬‡¥’¬« §◊Õ ∫¡®. Àæ—≤π

æ‘∫Ÿ≈ ´÷Ëß‡ªìπ∫√‘…—∑ºŸâ®—¥®”Àπà“¬ ‘π§â“Õÿª‚¿§∫√‘‚¿§√“¬„À≠à∑’Ë ÿ¥ √“¬Àπ÷Ëß¢Õßª√–‡∑» Õ’°∑—Èß‡ªìπºŸâ∑’Ë¡’¢’¥§«“¡ “¡“√∂„π°“√ °√–®“¬ ‘π§â“‰ª ŸàºŸâ∫√‘‚¿§„π·μà≈–¿Ÿ¡‘¿“§¢Õßª√–‡∑»‰¥âÕ¬à“ß¡’ ª√– ‘∑∏‘¿“æ °“√°√–®“¬ ‘π§â“ à«πÀπ÷Ëß®–„™â«‘∏’°√–®“¬‰ª¬—ß Modern Trade ∑’Ë¡’ª√‘¡“≥¡“°·≈–®–¡“°¢÷Èπ‡√◊ËÕ¬Ê „πÕπ“§μ ´÷Ëß∂◊Õ‡ªìπ™àÕß∑“ß°“√®”Àπà“¬∑’Ë¥’Õ’°∑“ßÀπ÷Ëß °“√®—¥°‘®°√√¡ à ß ‡ √‘ ¡ °“√¢“¬ °“√‚¶…≥“ª√–™“ — ¡ æ— π ∏å ºà “ π ◊Ë Õ μà “ ßÊ ∫√‘…—∑œ ‰¥âª√– “πß“π°—∫ºŸâ·∑π®”Àπà“¬Õ¬à“ß„°≈â™‘¥∑—Èßπ’È‡æ◊ËÕ μ‘¥μ“¡æƒμ‘°√√¡¢ÕßºŸâ∫√‘‚ ¿§∑’Ë¡’°“√‡ª≈’Ë¬π·ª≈ßÕ¬à“ß√«¥‡√Á« „π¬ÿ§ªí®®ÿ∫π— ➛ à«πμ≈“¥°≈ÿ¡à º≈‘μ¿—≥±å‚®ä°-¢â“«μâ¡°÷ßË ”‡√Á®√Ÿª ¡’ª√‘¡“≥ °“√¢“¬≈¥≈ß√âÕ¬≈– 3 ‡¡◊ËÕ‡∑’¬∫°—∫ªï∑’Ëºà“π¡“ ´÷Ëßμ≈“¥„π°≈ÿà¡π’È ®—¥‡ªìπμ≈“¥∑’Ëπà“ π„® ·≈–∫√‘…—∑œ ‰¥â®—¥°‘®°√√¡‡æ◊ËÕ°√–μÿâπ¬Õ¥ ¢“¬μ≈Õ¥∑—ßÈ ªï ´÷ßË §“¥«à“°‘®°√√¡¥—ß°≈à“«πà“®– àßº≈¥’°∫— ¬Õ¥¢“¬ªï 2547 ‰¥â∫â“ß ➛ Õ¬à“ß‰√°Áμ“¡ ·¡â«“à ¿“«°“√≥å·¢àß¢—π„πμ≈“¥®–§àÕπ¢â“ß ¡’§«“¡√ÿπ·√ß¡“°¢÷ÈπÕ¬à“ßμàÕ‡π◊ËÕß ∫√‘…—∑œ¬—ß§ßæ¬“¬“¡∑’Ë®–

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

MARKETING IN 2003

DOMESTIC MARKET

➛

The overview of the market for instant noodles in the

country during the previous year depicted a slight decline in the market under the circumstances of lasting and cumulative competition in the arena, especially among the leading brands Mama, Wai-Wai, and Yum-Yum. The situation has inevitably and directly impacted the market of the white noodle products such as rice vermicelli and rice strips as well causing the company’s domestic sales for the past 3 years to gradually decrease because the products are of the same category which means they share the same target group and the same features, namely, convenient consumption, packaging form, taste style and deliciousness.

➛

The instant white noodles, as the company’s major product,

have a market share of 7 percent in the whole market of instant noodles and are distributed by a sole distributor who is

Sahapattanapibul Public Co., Ltd. - one of the largest distributor firms for consumer products of the country who has high efficiency in the distribution capacity to cover and to reach every consumer in every part of the country.

One of the distribution channels,

considered largely efficient is through the modern trade businesses which usually take large volume and would take further more in the future. Other sales promotion and advertising activities are also carried on whereas the company is constant in closely cooperating with the distributor so as to keep an eye on the consumers’ rapidly changing behavior in nowadays.

➛

As to other products such as instant congees and porridges

also experienced the sales dropped by 3 percent from the previous year whereas the market for these products is an interesting segment and the company has held continuously marketing activities to push the sales all year round and hopefully, they would pay off some favors to the sales of 2004.

➛

However, even if the competition situation in the domestic

ª√—∫μ—«‡æ◊ÕË √—∫·≈–√ÿ°μ≈“¥Õ¬Ÿ‡à ¡Õ √«¡∂÷ß°“√√—°…“°≈ÿ¡à ≈Ÿ°§â“‡¥‘¡ °“√‡æ‘Ë¡°≈ÿà¡‡ªÑ“À¡“¬∑“ß°“√μ≈“¥°≈ÿà¡„À¡à ”À√—∫°“√«‘®—¬·≈– æ—≤π“º≈‘μ¿—≥±å ‰¥â¡’°“√§‘¥§âπ‡æ◊ËÕÀ“º≈‘μ¿—≥±å∑’Ë¡’√ ™“μ‘·≈– √Ÿª·∫∫∑’Ë¡’§«“¡‡À¡“– ¡·≈–μÕ∫ πÕßºŸâ∫√‘‚¿§„Àâ¥’μ≈Õ¥‰ª

μ≈“¥μà“ßª√–‡∑» ➛ ¬Õ¥¢“¬„πμà“ßª√–‡∑»ªï 2546 ¡’ª√‘¡“≥≈¥≈ßÕ—μ√“ √âÕ¬≈– 5 À√◊Õ√âÕ¬≈– 7.8 ‚¥¬¡Ÿ≈§à“ ∑—Èßπ’È ◊∫‡π◊ËÕß®“°º≈°√–∑∫ ®“°°“√·æ√à√–∫“¥¢Õß‚√§´“√å „π§√÷Ëßªï·√° ∑’Ë¡’°“√·æ√à√–∫“¥ Õ¬à“ßÀπ—°„πæ◊Èπ∑’Ë∑’Ë‡ªìπμ≈“¥À≈—°¢Õß∫√‘…—∑ §◊Õ ®’π ŒàÕß°ß ¡“‡≈‡´’¬·≈– ‘ß§‚ª√å ∑”„Àâ∏ÿ√°‘®„π™ÿ¡™πμ≈“¥®’π·≈–μ≈“¥ ‡«’¬¥π“¡„πª√–‡∑»∑’Ë‡ªìπ°≈ÿà¡‡ªÑ“À¡“¬∑“ß°“√¢“¬¢Õß∫√‘…—∑ À¬ÿ¥™–ß—°‰ª„π™à«ß√–¬–‡«≈“Àπ÷Ëß ·≈–®“°°“√∑’Ë∫√‘…—∑œ¡’ —¥ à«π °“√ àßÕÕ° ‘π§â“√âÕ¬≈– 45 ¢Õß¬Õ¥¢“¬√«¡ ´÷Ëß„πªï∑’Ëºà“π¡“ ‚¥¬‡©≈’Ë¬·≈â«¡Ÿ≈§à“°“√ àßÕÕ°∑’Ë≈¥≈ßÕ—π‡π◊ËÕß¡“®“°°“√·¢Áß§à“

market still continues toughly and increasingly, the company would keep adapting itself to act and counteract with the market at all times. This will include keeping the old customers and seeking to add the new target groups as well as innovating through products research and development to derive more saleable products with taste and style to fit in and to serve better the consumers trend. FOREIGN MARKETS

➛

The overseas turnover in 2003 showed a decline by 5 percent

by the volume shipped or by 7.8 percent by the value paid because of the outbreaks of SARS during the early year when they were most severe in the target territories of the company’s exports such as China, Hong Kong, Malaysia and Singapore where the Chinese and Vietnamese communities in these respective target countries held back their businesses for a length of time during the outbreaks. Furthermore, the company enjoyed an export proportion of 45 percent, approximately, of the total sales turnover during the last year, however, the export turnover was still decreased due to the appreciation of the Thai currency of about 5 percent on average, from 42 baht/US$ to 39.50 baht/US$.

➛

The foreign markets have portrayed the heightened

competitions product-wise and price-wise since many countries have been impacted by the flooding of cheap goods from China and Vietnam where production costs are their cutting edge due to their abundant raw materials and cheaper wages. Anyhow, there are still the markets of Europe and America and Japan where consumers are concerned with quality rather than price and the company’s

¢Õß‡ß‘π∫“∑Õ¬Ÿ∑à ª’Ë √–¡“≥ 5% ‚¥¬∑’§Ë “à ‡ß‘π∫“∑ª√—∫μ—«®“° 42 ∫“∑/ ‡À√’¬≠ À√—∞ ‡ªìπ 39.50 ∫“∑/‡À√’¬≠ À√—∞ ➛ ”À√—∫μ≈“¥μà“ßª√–‡∑» ¡’°“√·¢àß¢—π∑“ß¥â“π ‘π§â“·≈– √“§“¡“°¢÷È π à « π„À≠à ® –‰¥â √— ∫ º≈°√–∑∫®“° ‘ π §â “ ∑’Ë ¡ “®“° ª√–‡∑»®’π·≈–ª√–‡∑»‡«’¬¥π“¡´÷Ëß¡’§«“¡‰¥â‡ª√’¬∫¥â“π√“§“ ‡π◊ËÕß®“°¡’§«“¡‰¥â‡ª√’¬∫„π‡™‘ß«—μ∂ÿ¥‘∫·≈–§à“·√ßß“π∑’ËμË”°«à“ ·μàμ≈“¥∑’Ë∫√‘…—∑œ¬—ß¡’§«“¡‰¥â‡ª√’¬∫Õ¬Ÿà ‰¥â·°à μ≈“¥„π∑«’ª¬ÿ‚√ª Õ‡¡√‘°“ ·≈–≠’ËªÿÉπ ´÷ËßºŸâ∫√‘‚¿§¬—ß„Àâ§«“¡ ”§—≠„π‡√◊ËÕß§ÿ≥¿“æ ¡“°°«à“√“§“ ·≈–°“√®”Àπà“¬ ‘π§â“‰ª¬—ßª√–‡∑»μà“ßÊ ¡—°®–¡’ °Ø‡°≥±å„À¡à‡æ‘Ë¡¢÷Èπ¡“ ´÷Ëß∫√‘…—∑‰¥âæ¬“¬“¡ª√—∫ª√ÿß§ÿ≥¿“æ·≈– ¡“μ√∞“π°“√º≈‘μÕ¬Ÿà‡ ¡Õ „π√–À«à“ßªï 2546 ®“°§«“¡¡ÿàß¡—Ëπ ·≈–√à«¡¡◊Õ¢Õß∑ÿ°Ê ΩÉ“¬ ∑”„Àâ∫√‘…—∑ª√– ∫§«“¡ ”‡√Á® ·≈–‰¥â √—∫°“√√—∫√Õß‡æ‘¡Ë ‡μ‘¡ ”À√—∫√–∫∫§ÿ≥¿“æ ISO 9001 : 2000 ·≈– ISO 14000 : 1996 ®“° ∂“∫—π UKAS ª√–‡∑»Õ—ß°ƒ… ´÷Ëß®– “¡“√∂∑”„Àâ ºŸâ ∫ √‘ ‚ ¿§·≈–§Ÿà §â “ ‡°‘ ¥ §«“¡¡—Ë π „®„π§ÿ ≥ ¿“æ¢Õß º≈‘μ¿—≥±å¢Õß∫√‘…—∑œ‰¥â¡“°¢÷Èπ

products are still more welcome there. From time to time, there are also adoptions of new import regulations in the target countries which exporters, like our company, have to comply with by means of unfailing developments in quality and production standards in order to keep abreast. During 2003, through hard workings and cooperation from every department, our company has succeeded in achieving the additional certifications for ISO9001 : 2000 and ISO14000 : 1996 Quality Systems from the British certifying body, UKAS which will contribute to the higher trust and confidence in our company’s products from the consumers and the trade partners.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

°“√«‘®—¬·≈–æ—≤π“‡∑§‚π‚≈¬’

RESEARCH AND DEVELOPMENT OF TECHNOLOGY

➛ ∫√‘…∑— œ ‰¥â®¥— μ—ßÈ ΩÉ“¬«‘®¬— ·≈–æ—≤π“‡∑§‚π‚≈¬’ ‡æ◊ÕË ∑”Àπâ“∑’Ë «‘®—¬ æ—≤π“ ÕÕ°·∫∫‡§√◊ËÕß®—°√·≈–º≈‘μ¿—≥±å‚¥¬‡©æ“– ‚¥¬¡’ ‡ªÑ“À¡“¬∑’Ë ”§—≠ §◊Õ º≈—°¥—π„Àâ‡°‘¥°“√æ—≤π“À√◊Õ°“√ √â“ß π«— μ °√√¡„À¡à „ π°√–∫«π°“√º≈‘ μ √«¡∑—È ß °“√ÕÕ°·∫∫·≈– æ—≤π“º≈‘μ¿—≥±å∑’Ë¡’§«“¡·μ°μà“ß ·≈–‡æ‘Ë¡¡Ÿ≈§à“¢Õßº≈‘μ¿—≥±å ‡æ◊ËÕ √â“ß§«“¡æ÷ßæÕ„®„Àâ·°àºŸâ∫√‘‚¿§ „π°“√¥”‡π‘πß“π∫√‘…—∑œ ‰¥â®¥— À“π—°«‘®¬— ∑’¡Ë §’ «“¡√Ÿâ §«“¡ “¡“√∂ ·≈–¡’∑°— …–„π°“√∑”ß“π ‡ªìπºŸâ¥Ÿ·≈√—∫º‘¥™Õ∫ß“πª√–®” πÕ°®“°π—Èπ¬—ß‰¥â√—∫§«“¡√à«¡¡◊Õ ®“°Àπà«¬ß“π¿“§√—∞ ‰¥â®—¥ àßπ—°«‘®—¬∑’Ë¡’§«“¡√Ÿâ‡©æ“–∑“ß‡¢â“¡“ √à«¡°—π»÷°…“·π«∑“ß ·≈–π”§«“¡√Ÿâ „ π‡™‘ ß ‡∑§‚π‚≈¬’ ‡ ¢â “ ¡“ ∑”°“√«‘‡§√“–Àå√à«¡°—π Õ—π®–‡ªìπ°“√‡æ‘Ë¡æŸπ§«“¡√Ÿâ·≈–‡°‘¥ ·π«§‘¥„À¡à „π°“√«‘®—¬æ—≤π“¥â«¬ ➛ „πß“π«‘®—¬·≈–æ—≤π“‡§√◊ËÕß®—°√ ·≈–°√–∫«π°“√º≈‘μ¡’ °“√«‘®—¬·≈–æ—≤π“Õ¬à“ßμàÕ‡π◊ËÕß‡ ¡Õ¡“ ‚¥¬‰¥â∑”°“√∑¥≈Õß ‡æ◊ËÕ √â“ß‡§√◊ËÕß®—°√μâπ·∫∫∑’Ë¡’ª√– ‘∑∏‘¿“æ Ÿß Õ—π‡°‘¥®“°°“√

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The company has set up the Department of Research and

Development Of Technology in order to particularly do research and development on the designing of hardware and finished products. The major objective is to encourage development or innovation related to the production process including designing and revamping the company’s products to have more novelty and more value added and eventually the consumers will be best satisfied. In our attempt in this regard, we have recruited capable, knowledgeable and skillful researchers to be responsible for the inhouse research task. Moreover, there is also a support from the government wherein cooperation from government agency is available and some sent research experts who have special knowledge to create a research pool and apply the technological know-how to the joint analysis which will only enhance the knowledge pool and provide a strong ground for new innovations in R&D to flourish.

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The R&D on both hardware and production process are

constant and continuous in which there have been experiments to create a hardware prototype with higher efficiency as a result of a hybrid between a latest innovation and an old efficient technology. This has provided a possibility to build a special characteristic of the machine which will allow maximum convenience of operation and maintenance without interrupting the production process while still producing clean and hygienic products and conserving energy and production input in every step as well. Given such, the company will have a better cutting edge from its cost-effectiveness to rely on.

º ¡º “π√–À«à “ ßπ«— μ °√√¡„À¡à ‡ ¢â “ °— ∫ ‡∑§‚π‚≈¬’ ‡ °à “ ∑’Ë ¡’ ª√– ‘∑∏‘¿“æ ∑”„Àâ‡°‘¥§«“¡‡ªìπ‰ª‰¥â „π°“√ √â“ß≈—°…≥–æ‘‡»… ¢Õß‡§√◊ËÕß®—°√∑’Ë¡’§«“¡ –¥«°„π°“√„™âß“π ·≈–°“√∫”√ÿß√—°…“ Õ’°∑—Èß¡’§«“¡μàÕ‡π◊ËÕß„π°√–∫«π°“√º≈‘μ πÕ°®“°π—Èπ¬—ß∑”„Àâ ‰¥â º≈‘μ¿—≥±å∑’Ë –Õ“¥ ∂Ÿ° ÿ¢Õπ“¡—¬ “¡“√∂ª√–À¬—¥æ≈—ßß“π·≈– ªí®®—¬°“√º≈‘μ„π·μà≈–¢—ÈπμÕπ Õ—π®– àßº≈„Àâ∫√‘…—∑œ ¡’μâπ∑ÿπ º≈‘μ¿—≥±å∑’Ë “¡“√∂·¢àß¢—π‰¥â ➛ à«π°“√«‘®—¬ æ—≤π“·≈–ÕÕ°·∫∫º≈‘μ¿—≥±å ¡’°“√§‘¥§âπ ·≈–· «ßÀ“·π«§‘¥„À¡à‡æ◊ËÕæ—≤π“º≈‘μ¿—≥±å„Àâ¡’§«“¡‚¥¥‡¥àπ °«à“§Ÿà·¢àß¢—π ·≈–μÕ∫ πÕß§«“¡μâÕß°“√¢ÕßºŸâ∫√‘‚¿§∑’ËÀ≈“° À≈“¬¡“°¢÷Èπ Õ’°∑—Èß¡’°“√«‘®—¬ æ—≤π“√Ÿª·∫∫ ·≈–¢π“¥∫√√®ÿ ¿—≥±å∑’Ë ‰¥â¡“μ√∞“π ·≈–‡À¡“– ¡°—∫ºŸâ∫√‘‚¿§ °“√®—¥‡°Á∫ ·≈– °“√¢π àß °“√¥”‡π‘π°“√«‘®—¬„π à«ππ’È¡’°“√ª√– “π°“√∑”ß“π √à«¡°—π‡ªìπ∑’¡®“°À≈“¬Àπà«¬ß“π ∑—Èßπ’È‡æ◊ËÕ· «ßÀ“‚Õ°“ „π °“√ √â“ß∏ÿ√°‘®„À¡à∑’Ë‡°’Ë¬«‡π◊ËÕß ·≈–‡ªìπ°“√ π—∫ πÿπ∏ÿ√°‘®À≈—° ·≈–‡ªìπ°“√√à«¡°—π»÷°…“§«“¡‡ªìπ‰ª‰¥â „π°“√º≈‘μº≈‘μ¿—≥±å®√‘ß ‡æ◊ËÕ‡°‘¥ª√–‚¬™πå„π‡™‘ßæ“≥‘™¬åμàÕ‰ª

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

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On the other hand, the R&D on the designing of finished

products have been carried on with innovation and new concepts to be sought after so as to develop some new products so superior to those from the competitors and more answerable to various demands of the consumers. More so the R&D will further down to the style and size of packaging to catch up with the standard and suitability the consumers would want.

Still, the R&D under

cooperation with various task forces and departments will see to it that the storage and delivery of goods, in their routine running, can open more opportunities for the company to diversity into other related businesses and still supporting its main business and also providing ground for the joint feasibility study from the actual production operation in the hope for further commercial benefits.

ªí®®—¬§«“¡‡ ’Ë¬ß ªí®®—¬§«“¡‡ ’Ë¬ß∑’ËÕ“®®–‡°‘¥º≈°√–∑∫μàÕ º≈ª√–°Õ∫°“√¢Õß∫√‘…—∑ 1. °“√®”Àπà “ ¬ ‘ π §â “ ¿“¬„πª√–‡∑»ºà “ πºŸâ ®— ¥ ®”Àπà “ ¬ √“¬„À≠à‡æ’¬ß√“¬‡¥’¬«„πª√–‡∑» §◊Õ ∫√‘…—∑ Àæ—≤πæ‘∫Ÿ≈ ®”°—¥ (¡À“™π) ´÷Ëß¡’§” —Ëß´◊ÈÕ ‘π§â“§‘¥‡ªìπ√âÕ¬≈– 50 ¢Õß√“¬‰¥â√«¡„π ™à«ßªï 2546 ®“°°“√∑”∏ÿ√°‘®§Ÿà§â“√–À«à“ß°—π ∫√‘…—∑¡’§«“¡ —¡æ—π∏å∑’Ë¥’°—∫≈Ÿ°§â“√“¬π’È¡“‚¥¬μ≈Õ¥ ‚¥¬∑”°“√§â“√–À«à“ß°—π‰¡à πâÕ¬°«à“ 16 ªï ·≈–∫√‘…—∑‰¡à¡’°“√∑” —≠≠“¢“¬ ‘π§â“°—∫≈Ÿ°§â“ √“¬π’È‡π◊ËÕß®“°¡’§«“¡ —¡æ—π∏å°—πÕ¬à“ß‡Àπ’¬«·πàπ ®“°°“√‡ªìπ ∫√‘…—∑„π‡§√◊Õ¢Õß≈Ÿ°§â“√“¬π’È À“°∫√‘…—∑μâÕß Ÿ≠‡ ’¬≈Ÿ°§â“√“¬π’È ®–¡’º≈μàÕ√“¬‰¥â¢Õß∫√‘…—∑À“°‰¡à “¡“√∂À“≈Ÿ°§â“¡“∑¥·∑π·≈– Õ“®¡’º≈μàÕ∏ÿ√°‘®∫√‘…—∑„π√–¬–¬“« 2. °“√´◊ÈÕ«—μ∂ÿ¥‘∫∑’Ë¡’ —¥ à«π°“√´◊ÈÕ¡“°°«à“√âÕ¬≈– 35 ¢Õß¬Õ¥´◊ÈÕ ‚¥¬´◊ÈÕ«—μ∂ÿ¥‘∫ª√–‡¿∑‡§√◊ËÕßª√ÿß®“°∫√‘…—∑∑’ËÕ¬Ÿà „π ‡§√◊Õ‡¥’¬«°—π ¥â«¬π‚¬∫“¬∑’ËμâÕß°“√§«∫§ÿ¡§ÿ≥¿“æ¢Õß√ ™“μ‘ ·≈–ªÑÕß°—π Ÿμ√°“√º≈‘μ¢Õß√ ™“μ‘‰ª Ÿà¿“¬πÕ° ‚¥¬√à«¡°—π æ—≤π“ Ÿμ√°“√º≈‘μ ®“°°“√∑”∏ÿ√°‘®§Ÿà§â“√–À«à“ß°—π ∫√‘…—∑¡’ §«“¡ —¡æ—π∏å∑’Ë¥’μàÕ°—π·≈–°√√¡°“√¢Õß∫√‘…—∑ 1 ∑à“π‡ªìπºŸâ ∫√‘À“√√–¥—∫ Ÿß¢Õß∫√‘…—∑ºŸâ¢“¬ ‚¥¬∫√‘…—∑ºŸâ¢“¬¡’À≈—°‡°≥±å∑’Ë ™—¥‡®π„π°“√°”Àπ¥√“§“¢“¬ ∫√‘…—∑‰¡à ¡’ — ≠ ≠“´◊È Õ «— μ ∂ÿ ¥‘ ∫ °— ∫ ∫√‘…—∑ºŸâ¢“¬ À“°∫√‘…—∑ Ÿ≠‡ ’¬ºŸâ¢“¬«—μ∂ÿ¥‘∫√“¬π’È ‰ªÀ√◊Õ¡’°“√¢÷Èπ √“§“ ®–¡’º≈μàÕº≈‘μ¿—≥±å·≈–∏ÿ√°‘®¢Õß∫√‘…—∑ 3. ‡§√◊ËÕßÀ¡“¬°“√§â“ ç¡“¡à“é ‡ªìπ‡§√◊ËÕßÀ¡“¬°“√§â“∑’Ë ‰¥â√—∫ à«π·∫àß∑“ß¥â“π°“√μ≈“¥‡ªìπÕ—π¥—∫Àπ÷Ëß„πª√–‡∑»‰∑¬ ¿“¬„μâ‡§√◊ËÕßÀ¡“¬°“√§â“π’È∫√‘…—∑‡™à“¡“®“°∫√‘…—∑ ‰∑¬‡æ√´‘ ‡¥π∑åøŸ¥ å ®”°—¥ (¡À“™π) ´÷Ëß‡ªìπ∫√‘…—∑∑’ËÕ¬Ÿà „π‡§√◊Õ‡¥’¬«°—π ‡§√◊ËÕßÀ¡“¬°“√§â“„™â‡©æ“–º≈‘μ¿—≥±å∑’Ë∑”¡“®“°¢â“« ‡™àπ ‡ âπÀ¡’Ë °ã«¬‡μ’¬Î « °ã«¬®—∫Í ¢â“«μâ¡ ‚®ä° ‡ªìπμâπ ‚¥¬¡’√–¬–‡«≈“°“√‡™à“∑ÿ°Ê 3 ªï ·≈–Õ“®∫Õ°‡≈‘° —≠≠“‡™à“‰¥â‡¡◊ËÕ§√∫°”Àπ¥ ªí®®ÿ∫—π¬—ß‰¡à¡’ º≈°√–∑∫μàÕ°“√‡™à“‡§√◊ËÕßÀ¡“¬°“√§â“π’È À“°¡’°“√¬°‡≈‘°°“√ ‡™à“‡§√◊ËÕßÀ¡“¬°“√§â“π’È®–¡’º≈°√–∑∫μàÕ¬Õ¥¢“¬‡©æ“–¿“¬„π ª√–‡∑» 4. °“√≈ß∑ÿπ¢Õß∫√‘…—∑„π∫√‘…—∑¬àÕ¬ §◊Õ ∫√‘…—∑ ‡æ√´‘ ‡¥π∑åÕ–°√‘ ‡∑√¥¥‘Èß ®”°—¥ ¥”‡π‘π∏ÿ√°‘®§â“¢â“«‡æ◊ËÕ°“√ àßÕÕ°‡ªìπ À≈—° ¡’ªí®®—¬§«“¡‡ ’Ë¬ß∑’Ë‡°‘¥®“°§«“¡º—πº«π¢Õß√“§“¢â“«·≈– º≈°“√‡æ“–ª≈Ÿ ° ¿“¬„πª√–‡∑»·≈–μà “ ßª√–‡∑»∑’Ë ‡ ªì π §Ÿà · ¢à ß Õ—μ√“·≈°‡ª≈’Ë¬π‡ß‘πμ√“μà“ßª√–‡∑»·≈–°“√„™â‡ß‘π∑ÿπÀ¡ÿπ‡«’¬π „π√–¥—∫∑’Ë Ÿß ‡ªìπªí®®—¬§«“¡‡ ’Ë¬ß¢Õß°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑ ·≈–Õ“® àßº≈°√–∑∫μàÕ°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑¬àÕ¬·≈–ß∫ °“√‡ß‘π¢Õß∫√‘…—∑¥â«¬ ➛ ¡“μ√°“√√Õß√—∫∑’∫Ë √‘…∑— ‰¥â«“ß‡ªìππ‚¬∫“¬„Àâ°∫— ∫√‘…∑— ¬àÕ¬ ·Ààßπ’È ‡æ◊ËÕ§«∫§ÿ¡§«“¡‡ ’Ë¬ß¥—ß°≈à“«‚¥¬°“√°”Àπ¥√–¥—∫ ‘π§â“ §ß§≈—ß„π√–¥—∫∑’Ë‡À¡“– ¡‰¡à¡“°‡°‘π‰ªμàÕ°“√¥”‡π‘π∏ÿ√°‘® ·≈– ªî¥§«“¡‡ ’Ë¬ß„π‡√◊ËÕßÕ—μ√“·≈°‡ª≈’Ë¬π∑—π∑’‡¡◊Ë Õ ¡’ §” —Ë ß ´◊È Õ ®“° ≈Ÿ°§â“μà“ßª√–‡∑»

RISK FACTORS

RISK FACTORS POSSIBLE TO IMPACT THE COMPANY’S PERFORMANCE 1. The sole distributor: Currently, there is only a sole exclusive distributor for the company, who is Sahapattanpibul Public Co., Ltd., who has been taking care of the domestic distribution of the goods. The turnover made by the sole distributor accounts for about 50 percent of the total sales turnover of the company in 2003. The manufacturer-distributor relationship between the two has always been good and amicable for over 16 years. There was no need to sign up a sales contract with this distributor before in consideration of the mutual trust and affiliation to the same group of companies. In the event that the company lost this distributor and could not find another distributor who is on par with the old one, there would be a jeopardy to the business of the company in the long run. 2. The major supplier: Currently, the company has a major supplier for raw materials, mainly condiment ingredients, who is also in the same group of companies, from whom the company has purchased totally more than 35 percent of the total purchase turnover. It is as according to the company’s policy to control the product quality about taste and flavor, and to prevent the production formulas from being stolen to outside as well as to render cooperation in the research and development area. The relationship with this supplier has always been good and one director of the company is also acting a high level executive of the supplier’s company. Meanwhile, the supplier has an apparent criterion in price quoting whereas there has been no signed purchase contract with this supplier. In the event of losing this supplier for raw materials or price increasing, there would be some impacts on the company’s existing products and business. 3. The “Mama” Trade Mark: This trade mark is the highest market-share earner in the current instant noodles market of Thailand. The company has been licensed to use this trademark from Thai President Foods Public Co., Ltd., who is in the same group of companies. The products which are branded with this trade mark are only those made from rice flour such as rice vermicelli, rice noodles, rice chips, porridge, rice soup, and the likes. The licensing agreement is renewable every 3 years and can be terminated after any end of the 3 years term. At the moment, there is still no impact on the licensing of the trademark. In the event of terminating the licensing agreement, there would be some impact on the domestic sales revenue only. 4. The investment in an subsidiary. There have been some investment in President Agri Trading Co., Ltd., one subsidiary, for operating in the rice trading, mainly rice export. The concerns are largely involved with the fluctuated rice price and the yearly rice crop both domestic and in the countries of competitors, the exchange rate and the high level of working capital to be injected to the business. All these could be the risks to impact on the subsidiary’s performance and also, in turn, the result of the company’s investment in it which will be entered to the company’s financial statements finally.

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The contingent plans that the company has devised to help control

the afore-mentioned risks is to fix a reasonable level of inventory for the subsidiary to keep which will not be too big or too small to run the business, and to cut the exchange rate risk immediately once the order from abroad is placed with the subsidiary.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

“√®“°§≥–ºŸâ∫√‘À“√

MESSAGE FROM THE MANAGEMENT

➛ §≥–ºŸ∫â √‘À“√¢Õß ∫¡®.‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ‡ªìπºŸ√â ∫— º‘¥ ™Õ∫¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π·≈–¢âÕ¡Ÿ≈°“√ªØ‘∫—μ‘ß“π ∑’ËÕ¬Ÿà „π√“¬ß“π ª√–®”ªï√«¡∑—Èßß∫°“√‡ß‘π∑’Ë√«∫√«¡‰«â „π√“¬ß“πºŸâ Õ∫∫—≠™’ ß∫ °“√‡ß‘π¥—ß°≈à“«‰¥â®—¥∑”¢÷Èπ„Àâ Õ¥§≈âÕß°—∫¡“μ√∞“π°“√∫—≠™’∑’Ë √—∫√Õß∑—«Ë ‰ª √«¡∂÷ß°“√ª√–‡¡‘π·≈–«‘π®‘ ©—¬„π à«πμà“ß Ê ∑’®Ë ”‡ªìπ ➛ ∫√‘…∑— √—°…“‰«â´ß÷Ë √–∫∫°“√∫—≠™’·≈–√–∫∫°“√§«∫§ÿ¡¿“¬„π ∑’ËÕÕ°·∫∫¡“ ‡æ◊ËÕ„Àâ‡°‘¥§«“¡¡—Ëπ„®Õ¬à“ß‡À¡“– ¡ „π√–∫∫ ªÑÕß°—π«à“∑√—æ¬å ‘π®–‰¥â√—∫°“√§ÿâ¡§√Õß®“°§«“¡‡ ’¬À“¬·≈–°“√ ¥”‡π‘π∏ÿ√°‘®‰¥â∂Ÿ°ªØ‘∫—μ‘·≈–∫—π∑÷°Õ¬à“ß∂Ÿ°μâÕß ®π¡—Ëπ„®«à“¢âÕ¡Ÿ≈ ∑“ß°“√‡ß‘π‡ªìπ∑’Ë‡™◊ËÕ∂◊Õ‰¥â „π°“√®—¥∑”ß∫°“√‡ß‘π ➛ à«π ”§—≠¢Õß√–∫∫°“√§«∫§ÿ¡‡À≈à“π’È §”π÷ß∂÷ß ¥”‡π‘π°“√¥â«¬§«“¡‚ª√àß„ ™—¥‡®π μ“¡¢âÕæ÷ßªØ‘∫—μ‘∑’Ë ¥’¢ÕßºŸ∫â √‘À“√·≈–æπ—°ß“π∑ÿ°√–¥—∫æ÷ß¡’®μ‘ «‘≠≠“≥∑’¥Ë ’ ‡ªÑ“À¡“¬°“√¥”‡π‘π∏ÿ√°‘®∑’Ë™—¥‡®π·≈–«—¥º≈‰¥â °“√®—¥∑”‚¥¬æ‘®“√≥“§«“¡ ¡¥ÿ≈¢Õßπ‚¬∫“¬·≈– ·ºπ°“√ªØ‘∫—μ‘ß“π √–À«à“ßΩÉ“¬∫—≠™’·≈–ΩÉ“¬∫√‘À“√ ªí®®—¬‡ ’Ë¬ß∑’Ë¡’º≈°√–∑∫¡“®“°¿“¬„π·≈–¿“¬πÕ° ·ºπ°“√μ√«® Õ∫º≈°“√ªØ‘∫—μ‘ß“πÕ¬à“ßμàÕ‡π◊ËÕß ¡“μ√°“√μ‘¥μ“¡„Àâ°“√¥”‡π‘πß“π‡ªìπ‰ªμ“¡°ÆÀ¡“¬∑’Ë ‡°’Ë¬«¢âÕß °“√§—¥‡≈◊Õ°·≈–°“√Õ∫√¡∫ÿ§§≈∑’Ë¡’§ÿ≥ ¡∫—μ‘ ➛ ß∫°“√‡ß‘π¢Õß∫√‘…∑— œ ‰¥â√∫— °“√ Õ∫∑“π‚¥¬§≥–°√√¡°“√ μ√«® Õ∫ ´÷Ëßª√–°Õ∫¥â«¬°√√¡°“√Õ‘ √–®“°¿“¬πÕ°∑—ÈßÀ¡¥ §≥–°√√¡°“√μ√«® Õ∫π’È¡’°“√ª√–™ÿ¡°—∫ºŸâ Õ∫∫—≠™’·≈–ΩÉ“¬ ∫√‘À“√‡ªìπ§√—Èß§√“« ‡æ◊ËÕæ‘®“√≥“∑∫∑«πß∫°“√‡ß‘π√“¬‰μ√¡“ ß∫°“√‡ß‘πª√–®”ªï ·≈–°“√μ√«® Õ∫¿“¬„π ´÷Ëß§≥–°√√¡°“√ μ√«® Õ∫‰¥âμ‘¥μàÕ°—∫ºŸâ Õ∫∫—≠™’ ‚¥¬μ√ß ■

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The Management of President Rice Products Public Co., Ltd.

is responsible for the financial and operational information presented in the Annual Report including the financial Statements mentioned in the Auditor’s Report. The said Financial Statements have been prepared in accordance with the generally accepted accounting principles and so have the assessment and analysis made to various parts as necessary.

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The company has maintained the accounting and the

internal control systems which are designed to provide an appropriate assurance on the asset protection system and that the assets shall receive protection against loss while business transactions have been performed and recorded correctly and a reliable monitoring system is already in place which can ensure that the

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financial data is credible for presenting in the financial statements.

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The principles of all these assurance system are based on: ■

The implementations have been carried out in a

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transparent and clear manner in accordance with the

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principles of etiquette and ethic borne by both our

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executives and all staff of every level.

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Operational goal which is clear and measurable.

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Consideration of the harmony between policy and operational plan for between the Accounting Department and the Management.

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Risk factors impacting both internally and externally.

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Evaluation plan for evaluating operational result consecutively

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Monitoring measure to keep the operation in accord with the relevant rules.

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Selecting and training qualified personnel

The Financial statements being reviewed by the audit

Commission which is composed of all independent. Directors from outside and periodically they had meetings with the Auditor and the Management for jointly considering the quarterly and the annual financial statements and for doing internal audit when the Audit commission made direct contacts with the Auditor.

π“¬∫ÿ≠‡ªïò¬¡ ‡Õ’Ë¬¡√ÿàß‚√®πå °√√¡°“√ºŸâ®—¥°“√

MR. BOONPIAM EAMROONGROJ MANAGING DIRECTOR

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

√“¬ß“π¢Õß§≥–°√√¡°“√μ√«® Õ∫ ➛ §≥–°√√¡°“√μ√«® Õ∫¢Õß∫√‘…∑— ‡æ√´‘‡¥π∑å‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π) ª√–°Õ∫¥â«¬°√√¡°“√Õ‘ √–®”π«π 3 ∑à“π §◊Õ æ≈‚∑æ‘»“≈ ‡∑æ ‘∑∏“ ª√–∏“π°√√¡°“√μ√«® Õ∫ π“¬·æ∑¬å √ÿ æ®πå ÿ«√√≥æ“π‘™ ·≈–π“ß„®√—°…å °âÕπ∑Õß ‚¥¬¡’π“ß “«À∑—¬√—μπå °«â“ß®‘μμåÕ“√’¬å ºŸâ®—¥°“√∫√‘À“√¢Õß∫√‘…—∑œ ‡ªìπ‡≈¢“πÿ°“√§≥–°√√¡°“√μ√«® Õ∫ ‰¥â√—∫·μàßμ—Èß®“°§≥–°√√¡°“√∫√‘…—∑ ‡¡◊ËÕ«—π∑’Ë 30 ‡¡…“¬π 2546 „Àâ ¥”√ßμ”·Àπàß§≥–°√√¡°“√μ√«® Õ∫¢Õß∫√‘…—∑ (¡’«“√– 1 ªï) ‚¥¬ ¡’Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫μ“¡∑’Ë ‰¥â√—∫¡Õ∫À¡“¬®“°§≥–°√√¡°“√ ∫√‘…—∑ ➛ §≥–°√√¡°“√μ√«® Õ∫ ‰¥âªØ‘∫—μ‘Àπâ“∑’Ëμ“¡∑’Ë ‰¥â√—∫¡Õ∫À¡“¬ ¥—ßπ’È 1. ‰¥â¡’°“√ª√–™ÿ¡§≥–°√√¡°“√μ√«® Õ∫ ‡æ◊ËÕªØ‘∫—μ‘μ“¡ ¿“√°‘® μ“¡ª√–°“» ¢âÕ°”Àπ¥·≈–·π«∑“ß¢Õß ”π—°ß“π§≥–°√√¡°“√ °”°—∫μ≈“¥À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ·≈–μ≈“¥À≈—°∑√—æ¬å·Ààß ª√–‡∑»‰∑¬ ¿“¬„μâ°Æ∫—μ√¢Õß§≥–°√√¡°“√μ√«® Õ∫´÷ßË ∫√‘…∑— °”Àπ¥ ®”π«π 9 §√—Èß 2. §≥–°√√¡°“√μ√«® Õ∫‰¥â Õ∫∑“π√“¬ß“π∑“ß°“√‡ß‘π ¢Õß∫√‘…∑— ·≈–∫√‘…∑— ¬àÕ¬ ∑—ßÈ ß∫‰μ√¡“ ·≈–ß∫°“√‡ß‘πª√–®”ªï¢Õß∫√‘…∑— ∑—Èß„π¥â“π§«“¡∂Ÿ°μâÕß·≈–°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈Õ¬à“ß‡æ’¬ßæÕ ‚¥¬‰¥âÀ“√◊Õ °—∫ºŸâ Õ∫∫—≠™’ °“√ Õ∫∑“π‰¡àæ∫¢âÕ¡Ÿ≈∑’Ë‡ªìπ “√– ”§—≠Õ—π· ¥ß«à“ √“¬ß“π∑“ß°“√‡ß‘π¢“¥§«“¡πà“‡™◊ËÕ∂◊Õ 3. §≥–°√√¡°“√μ√«® Õ∫‰¥â Õ∫∑“π„Àâ∫√‘…—∑·≈–∫√‘…—∑ ¬àÕ¬¡’√–∫∫§«∫§ÿ¡¿“¬„π·≈–°“√μ√«® Õ∫¿“¬„π∑’Ë¡’§«“¡‡À¡“– ¡ ·≈–¡’ª√– ‘∑∏‘¿“æ ‚¥¬‰¥â‡ πÕμàÕ§≥–°√√¡°“√∫√‘…—∑ „Àâ«à“®â“ß ∫ÿ § §≈¿“¬πÕ°¡“∑”°“√ª√–‡¡‘ π °“√§«∫§ÿ ¡ ¿“¬„π¢Õß∫√‘ …— ∑ ·≈– ∫√‘…—∑¬àÕ¬ ‚¥¬¡ÿàß‡πâπ‡√◊ËÕß§«“¡‡ ’Ë¬ß·≈–º≈ª√–‚¬™πå∑’Ë¢—¥·¬âß°—π∑’Ë ‡°’Ë¬«¢âÕß°—∫°“√ª√–°Õ∫°‘®°“√¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ´÷Ëß‰¥â√—∫ §«“¡‡ÀÁπ™Õ∫®“°§≥–°√√¡°“√¢Õß∫√‘…—∑·≈â« ‚¥¬®–¥”‡π‘π°“√‰¥â „π ªï 2547 4. §≥–°√√¡°“√μ√«® Õ∫‰¥â Õ∫∑“π°“√¥”‡π‘πß“π¢Õß ∫√‘ …— ∑ „Àâ Õ¥§≈â Õ ß·≈–‡ªì π ‰ªμ“¡°ÆÀ¡“¬«à “ ¥â « ¬À≈— ° ∑√— æ ¬å · ≈– μ≈“¥À≈—°∑√—æ¬å ¢âÕ°”Àπ¥¢Õßμ≈“¥À≈—°∑√—æ¬å ·≈–°ÆÀ¡“¬∑’‡Ë °’¬Ë «¢âÕß ‡æ◊ÕË „Àâ∫√‘…∑— ¡’°“√°”°—∫¥Ÿ·≈°‘®°“√∑’¥Ë ’ (Good Corporate Governance) 5. „πªï 2546 °√√¡°“√μ√«® Õ∫ ‰¥â‡¢â“√—∫°“√Õ∫√¡ —¡¡π“ °“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ √“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π¢Õß∫√‘…—∑®¥∑–‡∫’¬π ∑’Ë μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ·≈– ∂“∫—πÕ◊Ëπ®—¥¢÷Èπ 6. „πªï 2546 §≥–°√√¡°“√μ√«® Õ∫‰¥â‡ πÕ·μàßμ—Èß π“ß “¬Ωπ Õ‘π∑√å·°â« ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ‡≈¢∑–‡∫’¬π 4434 ∫√‘…—∑ ”π—°ß“π ‡Õ‘π å∑ ·Õπ¥å ¬—ß ®”°—¥ ‡ªìπºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑ ‚¥¬‰¥â √—∫§«“¡‡ÀÁπ™Õ∫®“°§≥–°√√¡°“√∫√‘…—∑·≈–∑’Ëª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ

REPORT FROM THE AUDIT COMMITTEE

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The Audit Committee of President Rice Products Public Co., Ltd. is Composed of 3 Independent Directors who are Lt.Gen. Phisal Thepsithar, Chairman of the Committee, Dr.Surapoch Suwonpanich and Ms.Jairak Konthong having Ms.Hatairat Kwangchit-Aree, Executive Manager of the company, as Secretary to the Committee. All received appointments from the Board of Directors since 30 April, 2002 to be the Audit Committee of the company for a period of 1 Year having duties and being in charge of assignments from the Board of Directors. ➛ The Audit Commission has performed duties as assigned as follows : 1. Holding 9 meetings of the Audit Committee for implementing tasks according to the regulations and guideline of the Office of the Security Exchange and Security market Commission and the Security Exchange of Thailand under the Code of Audit Committee imposed by the company. 2. Reviewing the Financial Statements of both the company and its subsidiaries of quarterly and annual basis in terms of accuracy and sufficient disclosure in consultation with the Auditor. The result was there was no finding of data considered significant to indicate that the financial statements were losing credibility. 3. The Audit Committee has reviewed that the company and its subsidiaries should have the appropriate and efficient Internal Control System and Internal Audit. The committee has proposed to the Board of Directors that the company should appoint the external firm to assess the company and its subsidiaries’ Internal Control System by emphasizing on the risks and the conflicted benefits which are related to the company and its subsidiaries’ business operations. The Board of Directors has approved the proposal and the implementation will be brought in 2004. 4. The Audit Committee reviewed the company’s performances that they are in accordance and in line with the laws pertaining to the Securities Exchange Commission and the Thai stock market as well as all concerned regulations and rules in terms of good corporate governance which is to be enforced in all listed companies. 5. In 2002, the Audit Committee Member received training and seminar on the Good Corporate Governance and Connected Items of the listed companies which were organized by Securities Exchange of Thailand and other institutions of business under Directors Certification Program provided by Thai Institute Of Director and attended other 2 seminars on good corporate governance provided by other institutes as well. 6. In 2003, the Audit Committee appointed Ms.Saifon Inkaew, the Auditor having a Licence No. 4434 from Ernst & Young Office Limited. to be our company’s Auditor after obtaining approvals from the Board of Directors’ Meeting and from the General Shareholders’ Meeting.

æ≈‚∑ æ‘»“≈ ‡∑æ ‘∑∏“ ª√–∏“π§≥–°√√¡°“√μ√«® Õ∫ LT.GEN.PHISAL THEPSITHAR CHAIRMAN OF AUDIT COMMITTEE

«—π∑’Ë 3 ¡’π“§¡ 2547 / March 3, 2004

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

ß∫°“√‡ß‘π

FINANCIAL STATEMENTS

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√“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ

‡ πÕμàÕºŸâ∂◊ÕÀÿâπ·≈–§≥–°√√¡°“√¢Õß

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ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

ß∫¥ÿ≈ ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 ·≈– 2545 (Àπà«¬ : ∫“∑)

ß∫°“√‡ß‘π√«¡ 2546

À¡“¬‡Àμÿ ‘π∑√—æ¬å ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π≈ß∑ÿπ™—Ë«§√“« ≈Ÿ°Àπ’È·≈–μ—Î«‡ß‘π√—∫°“√§â“ °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π Õ◊Ëπ Ê - ÿ∑∏‘ ≈Ÿ°Àπ’È·≈–μ—Î«‡ß‘π√—∫°“√§â“ - ÿ∑∏‘ ‘π§â“§ß‡À≈◊Õ ‡ß‘π®à“¬≈à«ßÀπâ“§à“ ‘π§â“ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π ‡ß‘πΩ“°∏π“§“√∑’Ë¡’¿“√–§È”ª√–°—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´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬ ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ - ÿ∑∏‘ ∑’Ë¥‘π Õ“§“√ ·≈–Õÿª°√≥å - ÿ∑∏‘ ‘π∑√—æ¬å∑’Ë ‰¡à ‰¥â „™âß“π §à“§«“¡π‘¬¡ ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡ ‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π √«¡ ‘π∑√—æ¬å

4 5 6

259,604,959 298,000,000

317,003,065 273,000,000

237,011,048 298,000,000

211,235,735 273,000,000

65,455,746 1,797,881,181 1,863,336,927 1,903,403,046 432,432,402 32,584,128 4,789,361,462

62,864,610 889,186,366 952,050,976 1,194,533,775 121,410,836 21,438,329 2,879,436,981

62,216,465 33,400,674 95,617,139 29,117,569 6,781,705 666,527,461

62,864,610 65,354,171 128,218,781 35,908,734 3,247,526 651,610,776

16,001,000

57,880,773

296,125,281 296,125,281 99,945 281,382,543 9,200,483 7,565,785 7,346,342 617,721,379 5,407,082,841

271,064,372 271,064,372 99,945 260,199,324 9,200,483 8,322,363 7,258,612 614,025,872 3,493,462,853

4 8

9 10 11 8

2545

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À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È √“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

255,605,907 303,691,066 559,296,973 99,945 143,011,835 9,200,483 299,035 711,908,271 1,378,435,732

218,129,875 279,386,735 497,516,610 99,945 117,056,810 9,200,483 1,384,047 625,257,895 1,276,868,671

ß∫¥ÿ≈ ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ (μàÕ) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 ·≈– 2545 (Àπà«¬ : ∫“∑)

À¡“¬‡Àμÿ Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ Àπ’È ‘πÀ¡ÿπ‡«’¬π ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ ®“° ∂“∫—π°“√‡ß‘π 12 ‡®â“Àπ’È°“√§â“ °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 6 Õ◊Ëπ Ê √«¡‡®â“Àπ’È°“√§â“ ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«∑’Ë∂÷ß°”Àπ¥™”√– ¿“¬„πÀπ÷Ëßªï 13 ‡®â“Àπ’ÈÕ◊Ëπ Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈§â“ß®à“¬ §à“„™â®à“¬§â“ß®à“¬ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 6 §à“„™â®à“¬§â“ß®à“¬ - ∫√‘…—∑Õ◊Ëπ Ê ‡ß‘πªíπº≈§â“ß®à“¬ 14 Õ◊Ëπ Ê √«¡Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡Àπ’È ‘πÀ¡ÿπ‡«’¬π Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« - ÿ∑∏‘®“° à«π∑’Ë∂÷ß°”Àπ¥ ™”√–¿“¬„πÀπ÷Ëßªï 13 Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π √«¡Àπ’È ‘π à«π¢ÕßºŸ∂â Õ◊ Àÿπâ ∑ÿπ‡√◊ÕπÀÿâπ ∑ÿπ®¥∑–‡∫’¬π ÕÕ°®”Àπà“¬·≈–™”√–‡μÁ¡¡Ÿ≈§à“·≈â« Àÿπâ “¡—≠ 12,000,000 Àÿπâ ¡Ÿ≈§à“Àÿπâ ≈– 10 ∫“∑ à«π‡°‘π¡Ÿ≈§à“Àÿâπ à«πμË”°«à“∑ÿπ®“°°“√‡ª≈’Ë¬π·ª≈ß —¥ à«π °“√∂◊ÕÀÿπâ „π∫√‘…—∑√à«¡ °”‰√ – ¡ ®—¥ √√·≈â« - ”√Õßμ“¡°ÆÀ¡“¬ 14 ¬—ß‰¡à ‰¥â®—¥ √√ √«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑„À≠à à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬¢Õß∫√‘…—∑¬àÕ¬ √«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ √«¡Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ

ß∫°“√‡ß‘π√«¡ 2546

2545

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3,043,525,801

1,700,337,773

2,528,228

3,989,091

353,339,072 313,037,236 666,376,308

18,161,956 210,228,607 228,390,563

17,173,617 21,519,911 38,693,528

18,161,956 26,311,775 44,473,731

16,000,000 25,016,953

12,728,800 18,823,375

20,135,016 208,686 44,849,121 781,995 9,883,949 75,858,767 3,826,777,829

21,753,336 5,640,433 53,728,052 696,297 9,554,835 91,372,953 2,051,653,464

20,135,016 208,686 10,094,390 781,995 4,157,208 35,377,295 76,599,051

21,753,336 5,640,433 13,030,441 696,297 5,264,800 46,385,307 94,848,129

34,200,000 1,375,000 35,575,000 3,862,352,829

52,662,157 239,744 52,901,901 2,104,555,365

76,599,051

94,848,129

120,000,000 100,970,839

(6,965,563)

12,000,000 1,075,831,405 1,301,836,681 242,893,331 1,544,730,012 5,407,082,841

12,000,000 956,015,266 1,182,020,542 206,886,946 1,388,907,488 3,493,462,853

12,000,000 1,075,831,405 1,301,836,681 1,301,836,681 1,378,435,732

12,000,000 956,015,266 1,182,020,542 1,182,020,542 1,276,868,671

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

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

ß∫°”‰√¢“¥∑ÿπ ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2546 ·≈– 2545 (Àπà«¬ : ∫“∑)

ß∫°“√‡ß‘π√«¡ 2546

À¡“¬‡Àμÿ √“¬‰¥â √“¬‰¥â®“°°“√¢“¬ √“¬‰¥âÕ◊Ëπ à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπμ“¡«‘∏’ à«π‰¥â‡ ’¬ √«¡√“¬‰¥â §à“„™â®à“¬ μâπ∑ÿπ¢“¬ §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ §à“μÕ∫·∑π°√√¡°“√ √«¡§à“„™â®à“¬ °”‰√°àÕπ¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â ·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ ¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ °”‰√°àÕπ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ °”‰√ ÿ∑∏‘ à«π∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ °”‰√ ÿ∑∏‘ ”À√—∫ªï

2545

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2546 2545

9,200,645,283 91,643,092 41,379,934 9,333,668,309

8,342,885,959 14,267,973 41,003,587 8,398,157,519

686,762,045 10,802,720 86,811,966 784,376,731

747,129,208 9,798,924 81,547,811 838,475,943

8,240,717,067 748,885,284 4,588,004 8,994,190,355

7,497,661,497 552,648,074 3,408,000 8,053,717,571

456,934,580 95,580,362 3,868,000 556,382,942

488,841,023 111,256,571 2,964,000 603,061,594

339,477,954 (67,862,862) (36,189,962) 235,425,130 (43,650,385) 191,774,745

344,439,948 (70,247,601) (34,627,074) 239,565,273 (38,954,254) 200,611,019

227,993,789 (29,082) (36,189,962) 191,774,745 191,774,745

235,414,349 (176,256) (34,627,074) 200,611,019 200,611,019

15.98

16.72

15.98

16.72

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ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

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

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À¡“¬‡Àμÿ

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2546 ·≈– 2545

100,970,839 100,970,839 100,970,839

120,000,000 120,000,000

à«π‡°‘π ¡Ÿ≈§à“Àÿπâ

120,000,000

∑ÿπ‡√◊ÕπÀÿâπ∑’ËÕÕ° ·≈–™”√–·≈â«

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ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ

(6,965,563) (6,965,563) (6,965,563)

12,000,000 12,000,000

12,000,000

200,611,019 (62,362,745) 956,015,266 191,774,745 (71,958,606) 1,075,831,405

817,766,992

à«πμË”°«à“∑ÿπ®“° °“√‡ª≈’Ë¬π·ª≈ß °”‰√ – ¡ —¥ à«π°“√∂◊ÕÀÿâπ ®—¥ √√·≈â« ¬—ß‰¡à‰¥â®¥— √√ „π∫√‘…—∑¬àÕ¬ ”√Õßμ“¡°ÆÀ¡“¬

ß∫°“√‡ß‘π√«¡

(348,535,828) 38,954,254 (6,468,000) 206,886,946 43,650,385 (7,644,000) 242,893,331

522,936,520

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(348,535,828) (6,965,563) 239,565,273 (68,830,745) 1,388,907,488 235,425,130 (79,602,606) 1,544,730,012

1,573,674,351

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191,774,745

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(81,547,811) 17,134,477 1,564,548 88,636 5,361,879 177,484 143,390,232

(914,240,577) (709,130,275) (311,021,566) (966,235) (139,641)

190,897,165 (488,786,152) (121,410,836) (13,129,211) (2,378,609)

29,647,016 6,530,161 (3,534,179) 1,033,100

(12,250,013) 88,180 (1,221,133) (1,053,600)

437,985,745 6,193,578 (11,626,886) (239,744) (1,298,588,588)

32,318,311 33,512,920 (112,462) (137,422,773)

(5,780,203) (11,008,012) 144,466,838

(738,179) 4,344,800 132,560,287

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ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

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41,879,773 (25,000,000) 16,319,025 338,372 (48,385,153) (14,847,983)

(24,702,723) (273,000,000) 17,177,026 112,545,000 281,204 (43,193,721) (210,893,214)

(25,000,000) 24,275,025 14,727 (44,561,808) (45,272,056)

(273,000,000) 3,500,000 119,277,000 225,129 (33,590,381) (183,588,252)

1,343,188,028 (15,190,957) (71,958,606) 1,256,038,465 (57,398,106) 317,003,065 259,604,959

425,775,507 (12,728,800) (68,830,745) (10,040,675) 334,175,287 (14,140,700) 331,144,765 317,004,065

(1,460,863) (71,958,606) (73,419,469) 25,775,313 211,235,735 237,011,048

1,930,663 (62,362,745) (10,040,675) (70,472,757) (121,500,722) 332,736,457 211,235,735

64,294,734 38,103,628

75,898,388 32,789,334

29,083 37,808,282

176,256 32,773,011

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ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

3.3 ≈Ÿ°Àπ’È°“√§â“·≈–§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ≈Ÿ°Àπ’°È “√§â“· ¥ßμ“¡¡Ÿ≈§à“ ÿ∑∏‘∑®’Ë –‰¥â√∫— ∫√‘…∑— œ ·≈–∫√‘…∑— ¬àÕ¬μ—ßÈ §à“‡º◊ÕË Àπ’ È ß —¬®– Ÿ≠ ”À√—∫º≈¢“¥∑ÿπ‚¥¬ª√–¡“≥ ∑’ËÕ“®‡°‘¥¢÷Èπ®“°°“√‡°Á∫‡ß‘π®“°≈Ÿ°Àπ’È ‰¡à ‰¥â ‚¥¬æ‘®“√≥“®“°ª√– ∫°“√≥å„π°“√‡°Á∫‡ß‘π„πÕ¥’μ·≈–μ“¡ ∂“π–ªí®®ÿ∫—π¢Õß≈Ÿ° Àπ’È§ß§â“ß ≥ «—π∑’Ë „πß∫¥ÿ≈ 3.4 ‘π§â“§ß‡À≈◊Õ ‘π§â“§ß‡À≈◊Õ· ¥ß¡Ÿ≈§à“μ“¡√“§“∑ÿπ À√◊Õ¡Ÿ≈§à“ ÿ∑∏‘∑’Ë®–‰¥â√—∫·≈â«·μàÕ¬à“ß„¥®–μË”°«à“ ‚¥¬√“§“∑ÿπ¢Õß ‘π§â“ ”‡√Á®√Ÿª «—μ∂ÿ¥‘∫ «— ¥ÿÀ’∫ÀàÕ·≈–«— ¥ÿ‚√ßß“π¢Õß∫√‘…—∑œ ∫—π∑÷°μ“¡«‘∏’ ‡¢â“°àÕπÕÕ°°àÕπ ”À√—∫√“§“∑ÿπ¢Õß ‘π§â“ ”‡√Á®√Ÿª «— ¥ÿÀ’∫ÀàÕ ¢Õß∫√‘…—∑¬àÕ¬∫—π∑÷°μ“¡«‘∏’‡¢â“°àÕπÕÕ°°àÕπ à«π√“§“∑ÿπ¢Õß«—μ∂ÿ¥‘∫∫—π∑÷°‚¥¬«‘∏’∂—«‡©≈’Ë¬ 3.5 ‡ß‘π≈ß∑ÿπ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ · ¥ß¡Ÿ≈§à“μ“¡«‘∏’ «à π‰¥â‡ ’¬ ‡ß‘π≈ß∑ÿπ√–¬–¬“«„πμ√“ “√∑ÿπ∑’Ë ‰¡àÕ¬Ÿà„π§«“¡μâÕß°“√¢Õßμ≈“¥ ´÷Ëß∂◊Õ‡ªìπ‡ß‘π≈ß∑ÿπ∑—Ë«‰ª· ¥ß„π√“§“∑ÿπ ¢“¥∑ÿπ®“° °“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπ (∂â“¡’) ®–√«¡Õ¬Ÿà„π°“√§”π«≥º≈°“√¥”‡π‘πß“π 3.6 ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å/§à“‡ ◊ËÕ¡√“§“ ∑’¥Ë π‘ · ¥ß¡Ÿ≈§à“μ“¡√“§“∑ÿπ Õ“§“√·≈–Õÿª°√≥å· ¥ß¡Ÿ≈§à“μ“¡√“§“∑ÿπÀ≈—ßÀ—°§à“‡ ◊ÕË ¡√“§“ – ¡ §à“‡ ◊ÕË ¡√“§“¢ÕßÕ“§“√ ·≈–Õÿª°√≥å§”π«≥®“°√“§“∑ÿπ‚¥¬«‘∏’‡ âπμ√ßμ“¡Õ“¬ÿ°“√„™âß“π‚¥¬ª√–¡“≥¢Õß ‘π∑√—æ¬å¥—ßμàÕ‰ªπ’È :Õ“§“√·≈– ‘Ëßª≈Ÿ° √â“ß 20 ªï ‡§√◊ËÕß®—°√·≈–Õÿª°√≥å‚√ßß“π 5 - 20 ªï ‡§√◊ËÕßμ°·μàß μ‘¥μ—Èß·≈–‡§√◊ËÕß„™â ”π—°ß“π 5 ªï ¬“πæ“Àπ– 5 ªï ‰¡à¡’°“√§‘¥§à“‡ ◊ËÕ¡√“§“ ”À√—∫∑’Ë¥‘π ·≈– ‘π∑√—æ¬å√–À«à“ßμ‘¥μ—Èß 3.7 ‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π ∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬‰¡à¡π’ ‚¬∫“¬∑’®Ë –ª√–°Õ∫∏ÿ√°√√¡μ√“ “√∑“ß°“√‡ß‘ππÕ°ß∫¥ÿ≈∑’‡Ë ªìπμ√“ “√Õπÿæπ— ∏å‡æ◊ÕË °“√‡°Áß°”‰√ À√◊Õ‡æ◊ËÕ°“√§â“ ‡§√◊ÕË ß¡◊Õ∑“ß°“√‡ß‘π∑’·Ë ¥ß„πß∫¥ÿ≈ª√–°Õ∫¥â«¬‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√ ‡ß‘π‡∫‘°‡°‘π∫—≠™’∏π“§“√·≈–‡ß‘π°Ÿ¬â ¡◊ ≈Ÿ°Àπ’È ·≈–‡®â“Àπ’È°“√§â“ ´÷Ëßπ‚¬∫“¬°“√∫—≠™’‡©æ“– ”À√—∫√“¬°“√·μà≈–√“¬°“√‰¥â‡ªî¥‡º¬·¬°‰«â„π·μà≈–À—«¢âÕ∑’Ë‡°’Ë¬«¢âÕß 3.8 ‡ß‘πμ√“μà“ßª√–‡∑» √“¬°“√∑’‡Ë ªìπ‡ß‘πμ√“μà“ßª√–‡∑»´÷ßË ‡°‘¥¢÷πÈ „π√–À«à“ßªï‰¥â·ª≈ß§à“‡ªìπ‡ß‘π∫“∑‚¥¬„™âÕμ— √“·≈°‡ª≈’¬Ë π ≥ «—π∑’∑Ë ‡’Ë °‘¥√“¬°“√ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‡ªìπ‡ß‘πμ√“μà“ßª√–‡∑»§ß‡À≈◊ÕÕ¬Ÿà ≥ «—π∑’Ë„πß∫¥ÿ≈‰¥â·ª≈ß§à“‡ªìπ‡ß‘π∫“∑‚¥¬„™âÕ—μ√“·≈°‡ª≈’Ë¬π ≥ «—π ∑’Ë„πß∫¥ÿ≈ °”‰√·≈–¢“¥∑ÿπ∑’Ë‡°‘¥®“°°“√‡ª≈’Ë¬π·ª≈ß„πÕ—μ√“·≈°‡ª≈’Ë¬π‰¥â√«¡Õ¬Ÿà„π°“√§”π«≥º≈°“√¥”‡π‘πß“π —≠≠“´◊ÕÈ ¢“¬‡ß‘πμ√“μà“ßª√–‡∑»≈à«ßÀπâ“∑’¬Ë ß— ‰¡à§√∫°”Àπ¥ ≥ «—π∑’Ë„πß∫¥ÿ≈‰¥â·ª≈ß§à“‡ªìπ‡ß‘π∫“∑‚¥¬„™âÕμ— √“·≈°‡ª≈’¬Ë π ≥ «—π∑’Ë „πß∫¥ÿ≈ °”‰√À√◊Õ¢“¥∑ÿπ®“°°“√·ª≈ß§à“∂◊Õ‡ªìπ √“¬‰¥âÀ√◊Õ§à“„™â®à“¬„πß∫°”‰√¢“¥∑ÿπ ·≈–º≈μà“ß√–À«à“ßÕ—μ√“·≈° ‡ª≈’Ë¬π≈à«ßÀπâ“°—∫Õ—μ√“·≈°‡ª≈’Ë¬π∑—π∑’ ≥ «—π∑’Ë∑” —≠≠“´◊ÈÕ¢“¬‡ß‘πμ√“μà“ßª√–‡∑»≈à«ßÀπâ“√—∫√Ÿâ‡ªìπ√“¬‰¥âÀ√◊Õ§à“„™â®à“¬μ“¡ Õ“¬ÿ¢Õß —≠≠“ 3.9 °”‰√μàÕÀÿâπ °”‰√μàÕÀÿπâ ∑’·Ë ¥ß„πß∫°”‰√¢“¥∑ÿπ‡ªìπ°”‰√μàÕÀÿπâ ¢—πÈ æ◊πÈ ∞“π´÷ßË §”π«≥‚¥¬°“√À“√°”‰√ ÿ∑∏‘ ”À√—∫ªï¥«â ¬®”π«πÀÿπâ “¡—≠ ∑’ËÕÕ°Õ¬Ÿà „π√–À«à“ßªï 3.10 °“√„™âª√–¡“≥°“√∑“ß∫—≠™’ „π°“√®—¥∑”ß∫°“√‡ß‘πμ“¡À≈—°°“√∫—≠™’∑√’Ë ∫— √Õß∑—«Ë ‰ª „π∫“ß°√≥’Ω“É ¬∫√‘À“√Õ“®μâÕß„™â°“√ª√–¡“≥°“√√“¬°“√∫—≠™’∫“ß √“¬°“√ ´÷Ëß¡’º≈°√–∑∫μàÕ®”π«π‡ß‘π∑’Ë· ¥ß„πß∫°“√‡ß‘π·≈–À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π ¥â«¬‡Àμÿπ’È º≈∑’Ë‡°‘¥¢÷Èπ®√‘ß„π¿“¬ À≈—ß®÷ßÕ“®·μ°μà“ß‰ª®“°®”π«π∑’Ëª√–¡“≥‰«â

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

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ß∫°“√‡ß‘π√«¡ 2546 ‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√ ‡ß‘πΩ“°∏π“§“√ª√–‡¿∑ª√–®” μ—Î« —≠≠“„™â‡ß‘π ∂“∫—π°“√‡ß‘π À—° : ‡ß‘πΩ“°∏π“§“√∑’Ë¡’¿“√–§È”ª√–°—π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥

44,604,959 16,001,000 215,000,000 275,605,959 (16,001,000) 259,604,959

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166,882,815 16,001,023 192,000,000 374,883,838 (57,880,773) 317,003,065

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2546 2545 22,011,048 215,000,000 237,011,048 237,011,048

19,235,735 192,000,000 211,235,735 211,235,735

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62,254,506 3,201,240 65,455,746

62,864,610 62,864,610

62,216,465 62,216,465

62,864,610 62,864,610

1,748,823,668

861,743,282

27,625,038

37,742,494

48,986,341 1,046,805 7,454,839 1,806,311,653 (8,430,472) 1,797,881,181

20,965,736 4,558,786 7,449,034 894,716,838 (5,530,472) 889,186,366

6,582,676 7,454,839 41,662,553 (8,261,879) 33,400,674

20,965,736 4,558,786 7,449,034 70,716,050 (5,361,879) 65,354,171

1,863,336,927

952,050,976

95,617,139

128,218,781

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

√“¬°“√∏ÿ√°‘®°—∫°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

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Õ—μ√“√âÕ¬≈– 1 ¢Õß à«π‡°‘π°“√ ∂◊ÕÀÿâπμ“¡«ß‡ß‘π ‘π‡™◊ËÕ∑’Ë„™â ‡∫‘° „π·μà≈–‡¥◊Õπ Õ—μ√“¥Õ°‡∫’È¬‡ß‘π‡∫‘°‡°‘π∫—≠™’ ¢—ÈπμË” (MOR) √“§“∑ÿπ∫«°°”‰√¢—Èπμâπ ¬Õ¥μ“¡¡Ÿ≈§à“ ‘π§â“§Ÿ≥Õ—μ√“§ß∑’Ë √“§“„°≈â‡§’¬ß°—∫√“§“μ≈“¥‚¥¬ §”π÷ß∂÷ßª√‘¡“≥°“√´◊ÈÕÀ√◊Õ √“§“μ≈“¥ ¬Õ¥μ“¡¡Ÿ≈§à“ ‘π§â“§Ÿ≥Õ—μ√“ §ß∑’Ë·≈–√“§“μ“¡ —≠≠“ Õ—μ√“¥Õ°‡∫’È¬μ“¡Õ—μ√“¢Õßμ≈“¥ ´÷Ëß‡ªìπ‰ªμ“¡‡ß◊ËÕπ‰¢¢Õß∫√‘…—∑œ

¬Õ¥§ß§â“ß¢Õß√“¬°“√√–À«à“ß°—π¢â“ßμâπ‰¥â· ¥ß·¬°μà“ßÀ“°„πß∫¥ÿ≈ ´÷Ëß¡’√“¬≈–‡Õ’¬¥¥—ßπ’È :(Àπà«¬ : ∫“∑)

ß∫°“√‡ß‘π√«¡ 2546 ≈Ÿ°Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑ Àæ—≤πæ‘∫Ÿ≈ ®”°—¥ (¡À“™π) ∫√‘…—∑ ‰∑¬‡æ√´‘‡¥π∑åøŸ¥ å ®”°—¥ (¡À“™π) ∫√‘…—∑ ∑’‡ÕÁ¡ øŸ¥ å ®”°—¥ ∫√‘…—∑ ¬“¡° ‘°‘® ‰´‚≈ ®”°—¥ √«¡≈Ÿ°Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡®â“Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑ ‰∑¬‡æ√´‘‡¥π∑åøŸ¥ å ®”°—¥ (¡À“™π) ∫√‘…—∑ ∑’‡ÕÁ¡ øŸ¥ å ®”°—¥ ∫√‘…—∑ ‰¥Õ‘™‘ ·æ§‡°Á®®‘Èß ®”°—¥ ∫√‘…—∑ ¬“¡° ‘°‘® ‰´‚≈ ®”°—¥ √«¡‡®â“Àπ’È°“√§â“ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

2545

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2546 2545

51,661,665 10,202,740 352,060 3,239,281 65,455,746

52,593,103 9,966,986 304,521 62,864,610

51,661,665 10,202,740 352,060 62,216,465

52,593,103 9,966,986 304,521 62,864,610

10,125,156 2,831,785 4,216,676 336,165,455 353,339,072

14,448,538 156,460 3,556,958 18,161,956

10,125,156 2,831,785 4,216,676 17,173,617

14,448,538 156,460 3,556,958 18,161,956

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

(Àπà«¬ : ∫“∑)

ß∫°“√‡ß‘π√«¡ 2546 Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑ Àæ—≤πæ‘∫Ÿ≈ ®”°—¥ (¡À“™π) ∫√‘…—∑ ‰∑¬‡æ√´‘‡¥π∑åøŸ¥ å ®”°—¥ (¡À“™π) √«¡Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π

208,686 208,686

2545 5,168,192 472,241 5,640,433

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2546 2545 208,686 208,686

‘π§â“§ß‡À≈◊Õ

(Àπà«¬ : ∫“∑)

ß∫°“√‡ß‘π√«¡ 2546 ‘π§â“ ”‡√Á®√Ÿª «—μ∂ÿ¥∫‘ «— ¥ÿÀ∫’ ÀàÕ «— ¥ÿ‚√ßß“π ‘π§â“§ß‡À≈◊Õ

5,168,192 472,241 5,640,433

768,233,039 1,105,151,392 27,333,364 2,685,251 1,903,403,046

2545

406,597,789 760,333,550 25,446,855 2,155,581 1,194,533,775

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2546 2545 5,070,647 8,028,643 13,333,028 2,685,251 29,117,569

5,356,462 10,631,129 17,765,562 2,155,581 35,908,734

➛ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ∫√‘…∑— ¬àÕ¬‰¥âπ” ‘π§â“§ß‡À≈◊Õª√–‡¿∑¢â“« “√§‘¥‡ªìπ®”π«π‡ß‘πª√–¡“≥ 184.2 ≈â“π∫“∑ ‰ª„™â‡ªìπÀ≈—°ª√–°—π ”À√—∫·æ§°‘Èß‡§√¥‘μ®“°∏π“§“√æ“≥‘™¬å·ÀàßÀπ÷Ëßμ“¡∑’Ë°≈à“«‰«â „πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 12 Õ¬à“ß‰√°Áμ“¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 ∫√‘…—∑¬àÕ¬‰∂à∂ÕπÀ≈—°ª√–°—π¥—ß°≈à“«·≈â«

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

™◊ËÕ∫√‘…∑—

√«¡‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬„π ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ ∫√‘…—∑√à«¡ ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‡∫‡°Õ√’Ë ®”°—¥ (¡À“™π) √«¡‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡ „πß∫°“√‡ß‘π√«¡ ∫«° : §à“§«“¡π‘¬¡ ( ÿ∑∏‘®“° §à“μ—¥®”Àπà“¬ – ¡) √«¡‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡„π ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑œ

º≈‘μ·≈–®”Àπà“¬¢π¡ªíß

º≈‘μ·≈–®”Àπà“¬¢â“« “√ ·≈–º≈‘μ¿—≥±å¢â“« “√∑—Èß„π ª√–‡∑»·≈–μà“ßª√–‡∑»

ª√–‡¿∑°‘®°“√

‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬

∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡æ√´‘‡¥π∑å Õ–°√‘ ‡∑√¥¥‘Èß ®”°—¥

300,000,000

120,000,000

∑ÿπ™”√–·≈â«

37.51

51.00

Õ—μ√“√âÕ¬≈–¢Õß °“√∂◊ÕÀÿâπ

8,322,363 303,691,066 279,386,735

7,565,785

16,319,025 112,545,000

6,732,000

200,080,000 200,080,000 296,125,281 271,064,372

7,956,000

‡ß‘πªíπº≈ 2546 2545

16,319,025 112,545,000

61,200,000 255,233,745 218,129,875

«‘∏’ à«π‰¥â‡ ’¬ 2546 2545

200,080,000 200,080,000 296,125,281 271,064,372

61,200,000

‡ß‘π≈ß∑ÿπ √“§“∑ÿπ 2546 2545

(Àπà«¬ : ∫“∑)

‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ

(Àπà«¬ : ∫“∑)

ß∫°“√‡ß‘π√«¡ 2546 ‡ß‘π≈ß∑ÿπ∑—Ë«‰ª ∫√‘…—∑ ‚√ßæ¬“∫“≈À¡Õ™ÿ¡™π ®”°—¥ ∫√‘…—∑ ‡Õ ·æÁ§·Õπ¥åæ√‘Èπ∑å ®”°—¥ √«¡ À—° : §à“‡º◊ËÕ°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπ ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ - ÿ∑∏‘

3,970,000 99,945 4,069,945 (3,970,000) 99,945

2545 3,970,000 99,945 4,069,945 (3,970,000) 99,945

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2546 2545 3,970,000 99,945 4,069,945 (3,970,000) 99,945

3,970,000 99,945 4,069,945 (3,970,000) 99,945

10. ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å

(Àπà«¬ : ∫“∑)

ß∫°“√‡ß‘π√«¡

∑’¥Ë π‘ √“§“∑ÿπ : 31 ∏—π«“§¡ 2545 ´◊ÈÕ‡æ‘Ë¡ ®”Àπà“¬ ‚Õπ‡¢â“ (‚ÕπÕÕ°) 31 ∏—π«“§¡ 2546 §à“‡ ◊ËÕ¡√“§“ – ¡ : 31 ∏—π«“§¡ 2545 §à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï §à“‡ ◊ËÕ¡√“§“¢Õß ‘π∑√—æ¬å∑’Ë®”Àπà“¬ 31 ∏—π«“§¡ 2546 ¡Ÿ≈§à“ ÿ∑∏‘μ“¡∫—≠™’ : 31 ∏—π«“§¡ 2545 31 ∏—π«“§¡ 2546 §à“‡ ◊ËÕ¡√“§“∑’Ë√«¡Õ¬Ÿà„πß∫°”‰√¢“¥∑ÿπ ”À√—∫ªï 2545 2546

‡§√◊ËÕßμ°·μàß ß“π√–À«à“ß ‡§√◊ËÕß®—°√ μ‘¥μ—Èß·≈– Õ“§“√·≈– °àÕ √â“ß·≈– ·≈–Õÿª°√≥å ‡§√◊ÕË ß„™â ‘Ëßª≈Ÿ° √â“ß μ‘¥μ—Èß ‚√ßß“π ”π—°ß“π ¬“πæ“Àπ– ‘∑∏‘°“√‡™à“

19,340,560 97,912,137 7,391,087 290,176,086 18,897,979 12,043,465 28,041,735 189,240 14,057,081 8,257,115 874,166 (5,607,690) (45,700) 2,832,300 (14,960,918) 12,128,618 47,382,295 100,933,677 6,487,250 304,954,129 19,726,445 12,043,465 -

32,222,936 5,063,962 37,286,898

19,340,560 65,689,201 47,382,295 63,646,779

326,248 446,087,562 51,419,337 (86,999) (5,740,389) 239,249 491,766,510

134,088,479 12,965,220 6,611,603 20,156,626 2,281,826 1,499,108 (4,472,349) (33,444) 149,772,756 15,213,602 8,110,711

7,391,087 156,087,607 6,487,250 155,181,373

5,932,759 4,512,843

5,431,862 3,932,754

√«¡

185,888,238 29,001,522 (4,505,793) 210,383,967

326,248 260,199,324 239,249 281,382,543

26,905,736 29,001,522

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

(Àπà«¬ : ∫“∑)

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ

∑’¥Ë π‘

√“§“∑ÿπ : 31 ∏—π«“§¡ 2545 7,040,961 45,406,862 7,391,087 186,514,387 8,932,809 ´◊ÈÕ‡æ‘Ë¡ 28,041,735 2,480 14,057,081 2,317,177 302,520 ®”Àπà“¬ (4,504,690) ‚Õπ‡¢â“(‚ÕπÕÕ°) 2,832,300 (14,960,918) 12,128,618 31 ∏—π«“§¡ 2546 35,082,696 48,241,642 6,487,250 196,455,492 9,235,329 §à“‡ ◊ËÕ¡√“§“ – ¡ : 31 ∏—π«“§¡ 2545 21,741,407 113,812,401 6,487,464 §à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï 2,319,889 14,157,217 947,684 §à“‡ ◊ËÕ¡√“§“¢Õß ‘π∑√—æ¬å∑’Ë®”Àπà“¬ (4,265,650) 31 ∏—π«“§¡ 2546 24,061,296 123,703,968 7,435,148 ¡Ÿ≈§à“ ÿ∑∏‘μ“¡∫—≠™’ : 31 ∏—π«“§¡ 2545 7,040,961 23,665,455 7,391,087 72,701,986 2,445,345 31 ∏—π«“§¡ 2546 35,082,696 24,180,346 6,487,250 72,751,524 1,800,181 §à“‡ ◊ËÕ¡√“§“∑’Ë√«¡Õ¬Ÿà„πß∫°”‰√¢“¥∑ÿπ ”À√—∫ªï 2545 2546

9,080,323 9,080,323 5,594,595 1,015,139 6,609,734 3,485,728 2,470,589

√«¡

326,248 264,692,677 44,720,993 (86,999) (4,591,689) 239,249 304,821,981 -

147,635,867 18,439,929 (4,265,650) 161,810,146

326,248 117,056,810 239,249 143,011,835

16,990,723 18,439,929

➛ ∫√‘…∑— ¬àÕ¬‰¥âπ”∑’¥Ë π‘ æ√âÕ¡ ‘ßË ª≈Ÿ° √â“ß·≈–‡§√◊ÕË ß®—°√¢Õß∫√‘…∑— ¬àÕ¬‰ª‡ªìπÀ≈—°ª√–°—π ”À√—∫«ß‡ß‘π ‘π‡™◊ÕË ·≈–‡ß‘π°Ÿ¬â ¡◊ √–¬–¬“«°—∫∏π“§“√ æ“≥‘™¬å·ÀàßÀπ÷Ëßμ“¡∑’Ë°≈à“«„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 12 ·≈– 13 ➛ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬¡’Õÿª°√≥å·≈–¬“πæ“π–®”π«πÀπ÷Ëß ´÷Ëßμ—¥§à“‡ ◊ËÕ¡√“§“À¡¥·≈â«·μà¬—ß„™âß“πÕ¬Ÿà √“§“ ∑ÿπ√«¡°àÕπÀ—°§à“‡ ◊ËÕ¡√“§“ – ¡¢Õß ‘π∑√—æ¬å¥—ß°≈à“«¡’®”π«π‡ß‘πª√–¡“≥ 101 ≈â“π∫“∑ (‡©æ“–¢Õß∫√‘…—∑œ : 96 ≈â“π∫“∑)

11. ‘π∑√—æ¬å∑’Ë ‰¡à ‰¥â „™âß“π

(Àπà«¬ : ∫“∑)

ß∫°“√‡ß‘π√«¡·≈– ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑œ 2546 2545 11,496,733 (2,296,250) 9,200,483

∑’Ë¥‘π - √“§“∑ÿπ À—° : §à“‡º◊ËÕ°“√°“√¥âÕ¬§à“ ‘π∑√—æ¬å∑’Ë ‰¡à ‰¥â „™âß“π - ÿ∑∏‘

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

11,496,733 (2,296,250) 9,200,483

12. ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π

(Àπà«¬ : ∫“∑)

ß∫°“√‡ß‘π√«¡ 2546 16,569,995 2,872,228,000 154,727,806 3,043,525,801

‡ß‘π‡∫‘°‡°‘π∫—≠™’∏π“§“√ ·æ§°‘Èß‡§√¥‘μ®“°∏π“§“√ ‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√ √«¡

2545

8,489,878 1,016,807,838 675,040,057 1,700,337,773

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2546 2545 2,528,228 2,528,228

3,989,091 3,989,091

➛ ‡ß‘π‡∫‘°‡°‘π∫—≠™’ ·æ§°‘ßÈ ‡§√¥‘μ·≈–‡ß‘π°Ÿ¬â ¡◊ √–¬– —πÈ ®“°∏π“§“√æ“≥‘™¬å∑’Ë„Àâ·°à∫√‘…∑— ¬àÕ¬ §È”ª√–°—π¥â«¬‡ß‘πΩ“°ª√–®” ·≈–°“√®¥®”πÕß ∑’Ë¥‘π ‘Ëßª≈Ÿ° √â“ß·≈–‡§√◊ËÕß®—°√¢Õß∫√‘…—∑¬àÕ¬·≈–°√√¡°“√¢Õß∫√‘…—∑¬àÕ¬§È”ª√–°—π à«πμ—«∑à“πÀπ÷Ëß √«¡∑—Èß°“√‚Õπ‡ß‘π√—∫μ“¡ —≠≠“´◊ÈÕ¢“¬ ¢â“«„π®”π«π∑’Ë√–∫ÿ„π —≠≠“ ➛ πÕ°®“°π’È ·æ§°‘Èß‡§√¥‘μ®“°∏π“§“√æ“≥‘™¬å∑’Ë „Àâ·°à∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 §È”ª√–°—π‚¥¬¢â“« “√´÷Ëß‡ªìπ ‘π§â“§ß‡À≈◊Õ¢Õß ∫√‘…—∑¬àÕ¬‡ªìπ®”π«π‡ß‘π 184.2 ≈â“π∫“∑ Õ¬à“ß‰√°Áμ“¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 ∫√‘…—∑¬àÕ¬‰¥â ‰∂à∂Õπ°“√§È”ª√–°—π‚¥¬ ‘π§â“§ß‡À≈◊Õ‡æ◊ËÕ‡ªìπ ª√–°—π ”À√—∫·æ§°‘Èß‡§√¥‘μ®“°∏π“§“√æ“≥‘™¬å¥—ß°≈à“«·≈â«

13. ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« 2546

(Àπà«¬ : ∫“∑)

2545

‡ß‘π°Ÿâ¬◊¡√–¬–¬“« À—° : à«π¢Õß‡ß‘π°Ÿâ¬◊¡√–¬–¬“«∑’Ë∂÷ß °”Àπ¥™”√–¿“¬„πÀπ÷ßË ªï √«¡‡ß‘π°Ÿâ¬◊¡√–¬–¬“« - ÿ∑∏‘®“° à«π∑’Ë∂÷ß °”Àπ¥™”√–¿“¬„πÀπ÷ßË ªï

ß∫°“√‡ß‘π√«¡ 2546

2545

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ

50,200,000

65,390,957

(16,000,000)

(12,728,800)

34,200,000

52,662,157

➛ ‡ß‘π°Ÿ¬â ¡◊ √–¬–¬“«¥—ß°≈à“«‡ªìπ‡ß‘π°Ÿ¬â ¡◊ √–¬–¬“«¢Õß∫√‘…∑— ¬àÕ¬´÷ßË ‰¥â√∫— ®“°∏π“§“√æ“≥‘™¬å„πª√–‡∑»·ÀàßÀπ÷ßË ‡ªìπ °ÿ≈‡ß‘π∫“∑ ´÷ßË „π√–À«à“ß ªïªí®®ÿ∫—π ∫√‘…—∑¬àÕ¬°Ÿâ¬◊¡‡ß‘π®“°∏π“§“√æ“≥‘™¬å·Ààßπ’È ‡æ◊ËÕ™”√–Àπ’È‡ß‘π°Ÿâ¬◊¡‡¥‘¡ (Refinance) ·°à∏π“§“√æ“≥‘™¬åÕ’°·ÀàßÀπ÷Ëß —≠≠“°Ÿâ¬◊¡‡ß‘π¥—ß °≈à“«¡’Õ“¬ÿ —≠≠“ 4 ªï·≈–§‘¥¥Õ°‡∫’È¬‡∑à“°—∫Õ—μ√“¥Õ°‡∫’È¬‡ß‘π°Ÿâ¬◊¡¢—ÈπμË” (Minimum Loan Rate) À—°Õ—μ√“§ß∑’ËμàÕªï ‚¥¬®–®à“¬‡ß‘πμâπ·≈– ¥Õ°‡∫’È¬∑ÿ° 3 ‡¥◊Õπ·≈– 1 ‡¥◊Õπμ“¡≈”¥—∫ ‚¥¬®–®à“¬§◊π‡ß‘πμâπ„Àâ·≈â«‡ √Á®¿“¬„π 4 ªï π—∫®“°°“√‡∫‘°„™â‡ß‘πß«¥·√° ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«¥—ß°≈à“« §È”ª√–°—π‚¥¬ ‡ß‘πΩ“°ª√–®”·≈–°“√®¥®”πÕß∑’Ë¥‘π ‘Ëßª≈Ÿ° √â“ß·≈–‡§√◊ËÕß®—°√¢Õß∫√‘…—∑¬àÕ¬

14. ‡ß‘πªíπº≈®à“¬·≈– ”√Õßμ“¡°ÆÀ¡“¬

∫√‘…—∑œ ➛ ‡¡◊ËÕ«—π∑’Ë 28 ‡¡…“¬π 2546 ∑’Ëª√–™ÿ¡ “¡—≠ª√–®”ªï 2545 ¢ÕßºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑œ ‰¥â¡’¡μ‘Õπÿ¡—μ‘°“√®à“¬‡ß‘πªíπº≈·°àºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑œ „πÕ—μ√“Àÿâπ≈– 6.05 ∫“∑ §‘¥‡ªìπ‡ß‘πªíπº≈∑—Èß ‘Èπ 72.6 ≈â“π∫“∑ Õ¬à“ß‰√°Áμ“¡ ∫√‘…—∑œ ‰¥â®à“¬‡ß‘πªíπº≈√–À«à“ß°“≈‰ª·≈â« Àÿâπ≈– 2.10 ∫“∑ „π ‡¥◊Õπμÿ≈“§¡ 2545 ¥—ßπ—Èπ ¬—ß§ß§â“ß‡ß‘πªíπº≈Õ’° Àÿâπ≈– 3.95 ∫“∑ √«¡‡ªìπ®”π«π‡ß‘π∑—Èß ‘Èπ 47.4 ≈â“π∫“∑ ´÷Ëß∫√‘…—∑œ ‰¥â®à“¬‡ß‘πªíπº≈¥—ß°≈à“« ·≈â«„π«—π∑’Ë 26 æƒ…¿“§¡ 2546 ➛ ‡¡◊ËÕ«—π∑’Ë 16 °—π¬“¬π 2546 ∑’Ëª√–™ÿ¡§≥–°√√¡°“√¢Õß∫√‘…—∑œ ¡’¡μ‘Õπÿ¡—μ‘°“√®à“¬‡ß‘πªíπº≈√–À«à“ß°“≈®“°º≈°“√¥”‡π‘πß“π 6 ‡¥◊Õπ ·√°¢Õßªï 2546 „πÕ—μ√“Àÿâπ≈– 2.05 ∫“∑ √«¡‡ªìπ‡ß‘π 24.6 ≈â“π∫“∑ ´÷Ëß∫√‘…—∑œ ‰¥â®à“¬‡ß‘πªíπº≈¥—ß°≈à“«·≈â«„π«—π∑’Ë 15 μÿ≈“§¡ 2546

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

➛ ‡¡◊ËÕ«—π∑’Ë 25 ‡¡…“¬π 2545 ∑’Ëª√–™ÿ¡ “¡—≠ª√–®”ªï 2544 ¢ÕßºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑œ ‰¥â¡’¡μ‘Õπÿ¡—μ‘°“√®à“¬‡ß‘πªíπº≈ ”À√—∫§√÷ËßªïÀ≈—ß¢Õßªï 2544 ·°àºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑œ „πÕ—μ√“Àÿâπ≈– 3.10 ∫“∑ §‘¥‡ªìπ‡ß‘πªíπº≈∑—Èß ‘Èπ 37.2 ≈â“π∫“∑ ´÷Ëß∫√‘…—∑œ ‰¥â®à“¬‡ß‘πªíπº≈¥—ß°≈à“«·≈â«„π«—π∑’Ë 28 æƒ…¿“§¡ 2545 ➛ ‡¡◊ËÕ«—π∑’Ë 17 °—π¬“¬π 2545 ∑’Ëª√–™ÿ¡§≥–°√√¡°“√¢Õß∫√‘…—∑œ¡’¡μ‘Õπÿ¡—μ‘°“√®à“¬‡ß‘πªíπº≈√–À«à“ß°“≈®“°º≈°“√¥”‡π‘πß“π 6 ‡¥◊Õπ ·√°¢Õßªï 2545 „πÕ—μ√“Àÿâπ≈– 2.10 ∫“∑ √«¡‡ªìπ‡ß‘π 25.2 ≈â“π∫“∑ ´÷Ëß∫√‘…—∑œ ‰¥â®à“¬‡ß‘πªíπº≈¥—ß°≈à“«·≈â«„π«—π∑’Ë 16 μÿ≈“§¡ 2545 ➛ μ“¡æ√–√“™∫—≠≠—μ‘∫√‘…—∑¡À“™π®”°—¥ æ.». 2535 ∫√‘…—∑œ ®–μâÕß®—¥ √√°”‰√ ÿ∑∏‘ª√–®”ªï à«πÀπ÷Ëß‰«â‡ªìπ∑ÿπ ”√Õßμ“¡°ÆÀ¡“¬‰¡àπâÕ¬ °«à“√âÕ¬≈– 5 ¢Õß°”‰√ ÿ∑∏‘ª√–®”ªïÀ—°¥â«¬¢“¥∑ÿπ – ¡¬°¡“ (∂â“¡’) ®π°«à“∑ÿπ ”√Õßπ’È®–¡’®”π«π‰¡àπâÕ¬°«à“√âÕ¬≈– 10 ¢Õß∑ÿπ®¥∑–‡∫’¬π¢Õß ∫√‘…—∑ ‡ß‘π ”√Õßμ“¡°ÆÀ¡“¬¥—ß°≈à“«‰¡à “¡“√∂π”‰ª®à“¬‡ªìπ‡ß‘πªíπº≈‰¥â

∫√‘…—∑¬àÕ¬ ➛ ‡¡◊ËÕ«—π∑’Ë 22 ‡¡…“¬π 2546 ∑’Ëª√–™ÿ¡ “¡—≠ª√–®”ªï 2545 ¢ÕßºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑¬àÕ¬‰¥â¡’¡μ‘Õπÿ¡—μ‘°“√®à“¬‡ß‘πªíπº≈·°àºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ¬àÕ¬ ”À√—∫º≈°“√¥”‡π‘πß“πª√–®”ªï 2545 „πÕ—μ√“Àÿâπ≈– 1.30 ∫“∑ √«¡‡ªìπ®”π«π‡ß‘π∑—Èß ‘Èπ 15.6 ≈â“π∫“∑ ‚¥¬∫√‘…—∑¬àÕ¬‰¥â®à“¬‡ß‘πªíπº≈¥—ß °≈à“«·≈â«„π«—π∑’Ë 21 æƒ…¿“§¡ 2546 ➛ ‡¡◊ËÕ«—π∑’Ë 30 ‡¡…“¬π 2545 ∑’Ëª√–™ÿ¡ “¡—≠ª√–®”ªï 2544 ¢ÕßºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑¬àÕ¬‰¥â¡’¡μ‘Õπÿ¡—μ‘°“√®à“¬‡ß‘πªíπº≈·°àºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ¬àÕ¬ ”À√—∫º≈°“√¥”‡π‘πß“πª√–®”ªï 2544 „πÕ—μ√“Àÿâπ≈– 1.10 ∫“∑ √«¡‡ªìπ®”π«π‡ß‘π∑—Èß ‘Èπ 13.2 ≈â“π∫“∑ ➛ ¿“¬„μâª√–¡«≈°ÆÀ¡“¬·æàß·≈–æ“≥‘™¬å¢Õßª√–‡∑»‰∑¬ ∫√‘…—∑œ μâÕß®—¥ √√∑ÿπ ”√Õß‰¡àπâÕ¬°«à“√âÕ¬≈– 5 ¢Õß®”π«πº≈°”‰√´÷Ëß∫√‘…—∑œ ∑”¡“À“‰¥â∑ÿ°§√“«∑’Ë®à“¬‡ß‘πªíπº≈®π°«à“∑ÿπ ”√Õßπ—Èπ®–¡’®”π«π‰¡àπâÕ¬°«à“√âÕ¬≈– 10 ¢Õß∑ÿπ®¥∑–‡∫’¬π¢Õß∫√‘…—∑œ

15. §à“μÕ∫·∑π°√√¡°“√

➛ §à“μÕ∫·∑π°√√¡°“√π’‡È ªìπº≈ª√–‚¬™πå∑®’Ë “à ¬„Àâ·°à°√√¡°“√¢Õß∫√‘…∑— œ μ“¡¡“μ√“ 90 ¢Õßæ√–√“™∫—≠≠—μ∫‘ √‘…∑— ¡À“™π®”°—¥ ‚¥¬‰¡à√«¡ ‡ß‘π‡¥◊Õπ·≈–º≈ª√–‚¬™πå∑’Ë‡°’Ë¬«¢âÕß∑’Ë®à“¬„Àâ°—∫°√√¡°“√∫√‘À“√

16. ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈

➛ ¿“…’‡ß‘π‰¥âπμ‘ ∫‘ §ÿ §≈¢Õß∫√‘…∑— œ ”À√—∫ªï 2546 ·≈– 2545 ‰¥â§”π«≥¢÷πÈ ®“°°”‰√°àÕπ¿“…’ ”À√—∫ªïÀ≈—ß®“°ª√—∫ª√ÿß¥â«¬§à“„™â®“à ¬·≈– ”√Õß μà“ßÊ ∑’Ë ‰¡àÕπÿ≠“μ„Àâ∂◊Õ‡ªìπ√“¬®à“¬„π°“√§”π«≥¿“…’ ➛ ∫√‘…—∑¬àÕ¬‰¡à¡’¿“√–¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈‡π◊ËÕß®“°°”‰√ ÿ∑∏‘ ”À√—∫ªï 2546 ·≈– 2545 ¢Õß∫√‘…—∑¬àÕ¬„π à«πß“π∑’Ë ‰¡à ‰¥â√—∫°“√ àß‡ √‘¡°“√ ≈ß∑ÿπ “¡“√∂À—°º≈¢“¥∑ÿπ – ¡∑“ß¿“…’¢Õß à«πß“π∑’Ë ‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπ∑’Ë‡°‘¥®“°°“√ª√—∫ª√ÿß°”‰√¥â«¬ ‘∑∏‘ª√–‚¬™πå∑“ß¿“…’μ“¡∫—μ√ àß‡ √‘¡œ®÷ß∑”„Àâº≈°”‰√ à«π∑’Ë ‰¡à ‰¥â√—∫°“√ àß‡ √‘¡œ‰¡à¡’¿“√–¿“…’∑’ËμâÕß™”√–

17. ®”π«π·≈–§à“„™â®à“¬‡°’Ë¬«°—∫æπ—°ß“π 2546

2545

®”π«πæπ—°ß“π ≥ «—π ‘Èπªï (§π) §à“„™â®à“¬‡°’Ë¬«°—∫æπ—°ß“π ”À√—∫ªï (æ—π∫“∑)

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

ß∫°“√‡ß‘π√«¡ 2546 1,151 143,215

2545 1,273 145,123

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑œ 993 100,938

1,105 99,350

18. °“√®”·π°¢âÕ¡Ÿ≈∑“ß°“√‡ß‘πμ“¡ à«πß“π

➛ ∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬¥”‡π‘π∏ÿ√°‘®À≈—°„πªí®®ÿ∫π— §◊Õ º≈‘μ·≈–®”Àπà“¬Õ“À“√°÷ßË ”‡√Á®√Ÿª·≈– ¢â“« “√ ·≈–¡’ «à πß“π∑“ß¿Ÿ¡»‘ “ μ√å∑¥’Ë ”‡π‘π ß“π„πª√–‡∑»‰∑¬ Õ¬à“ß‰√°Áμ“¡ ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬®—¥®”Àπà“¬ ‘π§â“¥—ß°≈à“«∑—Èß„πª√–‡∑»·≈–μà“ßª√–‡∑» 18.1 ¢âÕ¡Ÿ≈‡°’¬Ë «°—∫°“√¥”‡π‘πß“πμ“¡ª√–‡¿∑ à«πß“π∑“ß∏ÿ√°‘®·≈–μ≈“¥„πß∫°“√‡ß‘π√«¡ ”À√—∫ªï π‘È ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2546 ·≈– 2545 ‡ªìπ¥—ßπ’È :(Àπà«¬ : ≈â“π∫“∑)

º≈‘μ·≈–®”Àπà“¬ Õ“À“√°÷Ëß ”‡√Á®√Ÿª 2546 2545 √“¬‰¥â®“°°“√¢“¬„πª√–‡∑» √“¬‰¥â®“°°“√ àßÕÕ° √«¡√“¬‰¥â®“°°“√¢“¬ μâπ∑ÿπ¢“¬ °”‰√¢—Èπμâπ à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπμ“¡ «‘∏’ à«π‰¥â‡ ’¬ §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ °”‰√®“°°“√¥”‡π‘πß“π √“¬‰¥âÕ◊Ëπ ¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥â °”‰√ ÿ∑∏‘°àÕπ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ °”‰√ ÿ∑∏‘ à«π∑’Ë‡ªìπºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ °”‰√ ÿ∑∏‘

373 314 687 (457) 230

396 351 747 (489) 258

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2546

408 7,188 7,596 (7,009) 587

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2545

1,024 8,177 9,201 (8,241) 960

804 7,539 8,343 (7,498) 845

41 (754) 247 91 (68) (36) 234 (43) 191

41 (556) 330 14 (70) (34) 240 (39) 201

18.2 ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π®”·π°μ“¡ à«πß“π∑“ß∏ÿ√°‘® ”À√—∫ß∫¥ÿ≈√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 ·≈– 2545 ‡ªìπ¥—ßπ’È :(Àπà«¬ : ≈â“π∫“∑) º≈‘μ·≈– ®”Àπà“¬Õ“À“√ °÷Ëß ”‡√Á®√Ÿª 2546 2545 ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘ ‘π∑√—æ¬åÕ◊Ëπ ‘π∑√—æ¬å√«¡

152 1,226

126 1,151

º≈‘μ·≈–®”Àπà“¬ ¢â“« “√·≈– º≈‘μ¿—≥±å¢â“« “√ 2546 2545 139 4,154

143 2,291

√“¬°“√μ—¥∫—≠™’ 2546 2545 (255)

(218)

√«¡ 2546 2545 291 5,125 5,416

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

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

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20. ‡Àμÿ°“√≥å¿“¬À≈—ß«—π∑’Ë „πß∫°“√‡ß‘π

➛ ¿“¬À≈—ß«—π∑’Ë„πß∫°“√‡ß‘π∫√‘…∑— ¬àÕ¬‰¥â∑” —≠≠“¢“¬‡ß‘πμ√“μà“ßª√–‡∑»≈à«ßÀπâ“°—∫∏π“§“√æ“≥‘™¬åÀ≈“¬·Ààß ‚¥¬¡’«μ— ∂ÿª√– ß§å‡æ◊ÕË ªÑÕß°—π §«“¡‡ ’Ë¬ß®“°°“√√—∫™”√–‡ß‘π§à“¢â“« “√„π√–À«à“ß‡¥◊Õπ¡°√“§¡ ∂÷ß‡¥◊Õπ ‘ßÀ“§¡ 2547 ‡ªìπ®”π«π‡ß‘π 58.69 ≈â“π‡À√’¬≠ À√—∞Õ‡¡√‘°“∑’ËÕ—μ√“ ·≈°‡ª≈’Ë¬π≈à«ßÀπâ“ 39 - 39.39 ∫“∑μàÕÀπ÷Ëß‡À√’¬≠ À√—∞Õ‡¡√‘°“ 21. ‘∑∏‘·≈–ª√–‚¬™πåμ“¡∫—μ√ àß‡ √‘¡°“√≈ß∑ÿπ ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπμ“¡æ√–√“™∫—≠≠—μ‘ àß‡ √‘¡°“√≈ß∑ÿπ æ.». 2520 μ“¡√“¬≈–‡Õ’¬¥¥—ßπ’È :21.1 ∫√‘…—∑œ ∫√‘…—∑œ ‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπ‡æ◊ËÕ àßÕÕ°„π°‘®°“√ª√–‡¿∑º≈‘μ‡ âπÀ¡’Ë°÷Ëß ”‡√Á®√Ÿª‡ âπ°ã«¬‡μ’Î¬«°÷Ëß ”‡√Á®√Ÿª·≈–°ã«¬®—Í∫°÷Ëß ”‡√Á®√Ÿª ‡¡◊ËÕ«—π∑’Ë 24 μÿ≈“§¡ 2531 ‚¥¬¡’¢π“¥·≈–°”≈—ß°“√º≈‘μ∑—ÈßÀ¡¥ªï≈– 1,144,000 À’∫·≈–μâÕß àßº≈‘μ¿—≥±å∑’Ëº≈‘μÀ√◊Õ ª√–°Õ∫‰¥âÕÕ°‰ª®”Àπà“¬ μà“ßª√–‡∑»∑—Èß ‘Èπ μàÕ¡“‡¡◊ÕË «—π∑’Ë 23 æƒ»®‘°“¬π 2537 ∫√‘…∑— œ‰¥â√∫— Õπÿ¡μ— „‘ Àâ‡ª≈’¬Ë π·ª≈ß‡ß◊ÕË π‰¢®“°°“√∑’∫Ë √‘…∑— œ®–μâÕß àßº≈‘μ¿—≥±å∑º’Ë ≈‘μÀ√◊Õª√–°Õ∫ ‰¥âÕÕ°‰ª®”Àπà“¬μà“ßª√–‡∑»∑—ßÈ ‘πÈ ¡“‡ªìπ°“√ àßÕÕ°‰¡àπÕâ ¬°«à“√âÕ¬≈– 80 ¢Õß¡Ÿ≈§à“¬Õ¥¢“¬∑—ßÈ À¡¥μ—ßÈ ·μà«π— ∑’Ë 5 °—π¬“¬π 2537 ‘∑∏‘ª√–‚¬™πå∑’Ë ”§—≠μ“¡∫—μ√ àß‡ √‘¡ °. ‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ ”À√—∫°”‰√ ÿ∑∏‘∑’Ë ‰¥â®“°°“√ª√–°Õ∫°‘®°“√∑’Ë ‰¥â√—∫°“√ àß‡ √‘¡¡’°”Àπ¥‡«≈“ 7 ªï π—∫·μà «—π∑’Ë‡√‘Ë¡¡’√“¬‰¥â®“°°“√ª√–°Õ∫°‘®°“√π—Èπ Ê ´÷Ëß ‘Èπ ÿ¥·≈â«‡¡◊ËÕ«—π∑’Ë 30 ¡‘∂ÿπ“¬π 2540 ¢. ‰¥â√∫— ≈¥À¬àÕπ¿“…’‡ß‘π‰¥âπμ‘ ∫‘ §ÿ §≈ ”À√—∫°”‰√ ÿ∑∏‘∑’Ë‰¥â√∫— ®“°°“√≈ß∑ÿπ„πÕ—μ√“√âÕ¬≈– 50 ¢ÕßÕ—μ√“ª°μ‘¡°’ ”Àπ¥‡«≈“ 5 ªï π—∫ ®“°«—π∑’æË πâ °”Àπ¥√–¬–‡«≈“ 7 ªï ®“°«—π∑’‡Ë √‘¡Ë ¡’√“¬‰¥â®“°°“√ª√–°Õ∫°‘®°“√π—πÈ Ê ´÷ßË ‘πÈ ÿ¥·≈â«‡¡◊ÕË «—π∑’Ë 30 ¡‘∂πÿ “¬π 2545 §. ‰¥â√—∫¬°‡«âπ‰¡àμâÕßπ”‡ß‘πªíπº≈®“°°‘®°“√∑’Ë ‰¥â√—∫°“√ àß‡ √‘¡ ´÷Ëß‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âμ“¡¢âÕ °. μ≈Õ¥√–¬–‡«≈“∑’Ë ‰¥â√—∫ °“√ àß‡ √‘¡ ´÷Ëß ‘Èπ ÿ¥·≈â«‡¡◊ËÕ«—π∑’Ë 30 ¡‘∂ÿπ“¬π 2540 ß. ‰¥â√∫— ≈¥À¬àÕπ„ÀâÀ°— ‡ß‘π‰¥âæß÷ ª√–‡¡‘π‡ªìπ®”π«π‡∑à“°—∫√âÕ¬≈–Àâ“¢Õß√“¬‰¥â∑‡’Ë æ‘¡Ë ¢÷πÈ ®“°ªï°Õà π®“°°“√ àßÕÕ°‡ªìπ√–¬–‡«≈“ 10 ªï π—∫·μà«—π∑’Ë‡√‘Ë¡¡’√“¬‰¥â®“°°“√ª√–°Õ∫°‘®°“√π—Èπ Ê ´÷Ëß ‘Èπ ÿ¥·≈â«‡¡◊ËÕ«—π∑’Ë 30 ¡‘∂ÿπ“¬π 2543 21.2 ∫√‘…—∑¬àÕ¬ ∫√‘…—∑¬àÕ¬‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπª√–‡¿∑°‘®°“√§—¥§ÿ≥¿“æº≈‘μº≈°“√‡°…μ√‡¡◊ËÕ«—π∑’Ë 9 °—π¬“¬π 2540 ‚¥¬¡’°”≈—ß°“√§—¥ §ÿ≥¿“æ¢â“« “√ªï≈–ª√–¡“≥ 282,800 μ—π μàÕ¡“‡¡◊ËÕ«—π∑’Ë 21 æƒ…¿“§¡ 2542 ∫√‘…—∑œ‰¥â√—∫Õπÿ¡μ— ‘„Àâ¢¬“¬°”≈—ß°“√§—¥§ÿ≥¿“æ ¢â“« “√μ“¡∫—μ√ àß‡ √‘¡°“√≈ß∑ÿπ¥—ß°≈à“«‡ªìπªï≈– 525,600 μ—π ∑—Èßπ’Èμ—Èß·μà«—π∑’Ë 11 ¡°√“§¡ 2542 ‘∑∏‘ª√–‚¬™πå∑’Ë ”§—≠μ“¡∫—μ√ àß‡ √‘¡ °. ‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ ”À√—∫°”‰√ ÿ∑∏‘∑’Ë ‰¥â®“°°“√ª√–°Õ∫°‘®°“√∑’Ë ‰¥â√—∫°“√ àß‡ √‘¡¡’°”Àπ¥‡«≈“ 8 ªï π—∫·μà«—π ∑’Ë‡√‘Ë¡¡’√“¬‰¥â®“°°“√ª√–°Õ∫°‘®°“√π—Èπ Ê ¢. ‰¥â√—∫≈¥À¬àÕπ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ ”À√—∫°”‰√ ÿ∑∏‘∑’Ë ‰¥â√—∫®“°°“√≈ß∑ÿπ„πÕ—μ√“√âÕ¬≈– 50 ¢ÕßÕ—μ√“ª°μ‘¡’°”Àπ¥‡«≈“ 8 ªï ®“°«—π∑’Ë‡√‘Ë¡¡’√“¬‰¥â®“°°“√ª√–°Õ∫°‘®°“√π—Èπ Ê §. ‰¥â√—∫≈¥À¬àÕπ„ÀâÀ—°§à“¢π àß §à“‰øøÑ“·≈–§à“ª√–ª“ Õß‡∑à“¢Õß§à“„™â®à“¬¥—ß°≈à“« „π°“√§”π«≥¿“…’‡ªìπ√–¬–‡«≈“ 10 ªï π—∫·μà«—π∑’Ë‡√‘Ë¡¡’√“¬‰¥â¢Õß·μà≈–°‘®°“√ ß. ‰¥â√—∫¬°‡«âπ‰¡àμâÕßπ”‡ß‘πªíπº≈®“°°‘®°“√∑’Ë ‰¥â√—∫°“√ àß‡ √‘¡ ´÷Ëß‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈‰ª√«¡§”π«≥‡æ◊ËÕ‡ ’¬¿“…’ ‡ß‘π‰¥âμ≈Õ¥√–¬–‡«≈“∑’Ë ‰¥â√—∫°“√ àß‡ √‘¡ ¬Õ¥¢“¬∑—ÈßÀ¡¥¢Õß∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬·¬°μ“¡ª√–‡¿∑∏ÿ√°‘®∑’Ë ‰¥â√—∫°“√ àß‡ √‘¡·≈–‰¡à ‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2546 ·≈– 2545 ª√–°Õ∫¥â«¬ :(Àπà«¬ : ∫“∑)

ß∫°“√‡ß‘π√«¡ 2546 ∏ÿ√°‘®∑’Ë ‰¥â√—∫°“√ àß‡ √‘¡ ∏ÿ√°‘®∑’Ë ‰¡à ‰¥â√—∫°“√ àß‡ √‘¡ √«¡

8,237,504,550 963,104,693 9,200,645,283

2545

7,888,254,960 454,802,999 8,343,057,959

ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑œ 2546 2545 353,825,108 332,936,937 686,762,045

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

396,146,290 350,982,918 747,129,208

22. ‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π 22.1 π‚¬∫“¬°“√∫√‘À“√§«“¡‡ ’Ë¬ß∑“ß°“√‡ß‘π ∫√‘…∑— œ ·≈–∫√‘…∑— ¬àÕ¬¡’§«“¡‡ ’¬Ë ß®“°§«“¡º—πº«π¢ÕßÕ—μ√“¥Õ°‡∫’¬È ·≈–¢ÕßÕ—μ√“·≈°‡ª≈’¬Ë π‡ß‘πμ√“μà“ßª√–‡∑»„πμ≈“¥ ·≈–¡’§«“¡ ‡ ’Ë¬ß®“°°“√∑’Ë§Ÿà —≠≠“‰¡àªØ‘∫—μ‘μ“¡ —≠≠“ ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬‰¡à¡’π‚¬∫“¬ª√–°Õ∫∏ÿ√°√√¡μ√“ “√Õπÿæ—π∏å∑“ß°“√‡ß‘π‡æ◊ËÕ°“√‡°Áß°”‰√À√◊Õ ‡æ◊ÕË °“√§â“ 22.2 §«“¡‡ ’Ë¬ß®“°Õ—μ√“¥Õ°‡∫’È¬ §«“¡‡ ’¬Ë ß®“°Õ—μ√“¥Õ°‡∫’¬È π’‡È °‘¥¢÷πÈ ®“°§«“¡º—πº«π¢ÕßÕ—μ√“¥Õ°‡∫’¬È „πμ≈“¥„πÕπ“§μ ´÷ßË ®– àßº≈°√–∑∫μàÕº≈°“√¥”‡π‘πß“π·≈– °√–· ‡ß‘π ¥¢Õß∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬ ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬¡’§«“¡‡ ’Ë¬ß®“°Õ—μ√“¥Õ°‡∫’È¬‡π◊ËÕß®“°¡’‡ß‘πΩ“°°—∫ ∂“∫—π°“√‡ß‘π ‡ß‘π‡∫‘°‡°‘π ∫—≠™’∏π“§“√·≈–‡ß‘π°Ÿâ¬◊¡ ‡π◊ÕË ß®“° ‘π∑√—æ¬å·≈–Àπ’ È π‘ ∑“ß°“√‡ß‘π¥—ß°≈à“« à«π„À≠à®¥— Õ¬Ÿà„πª√–‡¿∑√–¬– —πÈ ·≈–¡’Õμ— √“¥Õ°‡∫’¬È ª√—∫¢÷πÈ ≈ßμ“¡Õ—μ√“μ≈“¥ ∫√‘…∑— œ ·≈–∫√‘…—∑¬àÕ¬®÷ß¡‘‰¥â „™âμ√“ “√Õπÿæ—π∏å∑“ß°“√‡ß‘π‡æ◊ËÕªÑÕß°—π§«“¡‡ ’Ë¬ß¥—ß°≈à“« (√“¬≈–‡Õ’¬¥¢Õß‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ·≈–√–¬–¬“«®“° ∂“∫—π°“√ ‡ß‘π‰¥â· ¥ß‰«â „πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 11 ·≈– 12 μ“¡≈”¥—∫) 22.3 §«“¡‡ ’Ë¬ß®“°Õ—μ√“·≈°‡ª≈’Ë¬π ∫√‘…∑— œ ·≈–∫√‘…∑— ¬àÕ¬¡’§«“¡‡ ’¬Ë ß®“°Õ—μ√“·≈°‡ª≈’¬Ë πÕ—π‡°’¬Ë «‡π◊ÕË ß°—∫°“√√—∫™”√–§à“ ‘π§â“‡ªìπ‡ß‘πμ√“μà“ßª√–‡∑» ∫√‘…∑— ¬àÕ¬ªÑÕß°—π §«“¡‡ ’Ë¬ß‚¥¬∑” —≠≠“¢“¬‡ß‘πμ√“μà“ßª√–‡∑»≈à«ßÀπâ“´÷Ëß¡’¬Õ¥§ß‡À≈◊ÕÕ¬Ÿà ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 ®”π«π 115.02 ≈â“π‡À√’¬≠ À√—∞Õ‡¡√‘°“∑’ËÕ—μ√“·≈°‡ª≈’Ë¬π≈à«ßÀπâ“ 39.46 - 39.95 ∫“∑ μàÕÀπ÷Ëß‡À√’¬≠ À√—∞Õ‡¡√‘°“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2546 ∫√‘…∑— œ ·≈–∫√‘…∑— ¬àÕ¬¡’ π‘ ∑√—æ¬å·≈–Àπ’ È π‘ ∑’‡Ë ªìπ‡ß‘πμ√“μà“ßª√–‡∑» ´÷ßË ‰¡à ‰¥â¡°’ “√∑” —≠≠“ªÑÕß°—π§«“¡ ‡ ’Ë¬ß¥â“πÕ—μ√“·≈°‡ª≈’Ë¬π¥—ßπ’È :Õ—μ√“·≈°‡ª≈’Ë¬π∂—«‡©≈’Ë¬ ≥ °ÿ≈‡ß‘π ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑œ «—π ‘Èπªï 31 ∏—π«“§¡ 2546 ‘π∑√—æ¬å Àπ’ È π‘ ‘π∑√—æ¬å Àπ’ È π‘ (∫“∑μàÕÀπà«¬‡ß‘πμ√“ (æ—π) (æ—π) (æ—π) (æ—π) μà“ßª√–‡∑») ‡À√’¬≠ À√—∞Õ‡¡√‘°“ ‡À√’¬≠ ‘ß§‚ª√å

599 156

60 -

599 156

39.6382 23.4541

22.4 §«“¡‡ ’Ë¬ß¥â“π°“√„Àâ ‘π‡™◊ËÕ §«“¡‡ ’Ë¬ß∑“ß¥â“π ‘π‡™◊ËÕ §◊Õ §«“¡‡ ’Ë¬ß∑’Ë≈Ÿ°§â“À√◊Õ§Ÿà§â“‰¡àªØ‘∫—μ‘μ“¡ —≠≠“À√◊Õ‰¡à “¡“√∂™”√–Àπ’Èμ“¡‡ß◊ËÕπ‰¢∑’Ëμ°≈ß‰«â ∑”„Àâ‡°‘¥ §«“¡‡ ’¬À“¬∑“ß°“√‡ß‘π·°à∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬ ∑—Èßπ’È∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬‰¥â°”Àπ¥π‚¬∫“¬„π°“√ªÑÕß°—π§«“¡‡ ’Ë¬ß¥—ß°≈à“« ‚¥¬°“√ «‘‡§√“–Àå∞“π–∑“ß°“√‡ß‘π¢Õß≈Ÿ°§â“·≈–§Ÿà —≠≠“ ·≈–°”Àπ¥√–‡∫’¬∫°“√æ‘®“√≥“°“√„Àâ‡§√¥‘μ·≈–√–¬‡«≈“°“√‡√’¬°‡°Á∫Àπ’È°—∫≈Ÿ°§â“®“°°“√¢“¬ ‘π§â“ μ“¡∏√√¡‡π’¬¡°“√ªØ‘∫—μ‘∑“ß°“√§â“‚¥¬∑—Ë«‰ª πÕ°®“°π’È ∫√‘…—∑œ¬—ß‰¥â∑” —≠≠“ª√–°—π°“√ àßÕÕ°∫“ß à«π°—∫∑“ß∏π“§“√ √«¡∑—Èß∫√‘…—∑ ¬àÕ¬¬—ß‰¥â „Àâ≈Ÿ°§â“„πμà“ßª√–‡∑»‡ªî¥‡≈Áμ‡μÕ√åÕÕø‡§√¥‘μ°àÕπ∑’Ë®– àß ‘π§â“ 22.5 ¡Ÿ≈§à“¬ÿμ‘∏√√¡ ‡π◊ÕË ß®“° ‘π∑√—æ¬å·≈–Àπ’ È π‘ ∑“ß°“√‡ß‘π à«π„À≠àÕ¬Ÿà„πª√–‡¿∑√–¬– —πÈ ·≈–‡ß‘π°Ÿ¬â ¡◊ ¡’Õμ— √“¥Õ°‡∫’¬È „°≈â‡§’¬ß°—∫Õ—μ√“¥Õ°‡∫’¬È „πμ≈“¥ ΩÉ“¬∫√‘À“√¢Õß∫√‘…—∑œ®÷ß‡™◊ËÕ«à“¡Ÿ≈§à“¬ÿμ‘∏√√¡¢Õß ‘π∑√—æ¬å·≈–Àπ’È ‘π∑“ß°“√‡ß‘π¥—ß°≈à“«®–‰¡à·μ°μà“ßÕ¬à“ß‡ªìπ “√– ”§—≠®“°¡Ÿ≈§à“μ“¡∫—≠™’

23. °“√· ¥ß√“¬°“√„πß∫°“√‡ß‘π

➛ °“√· ¥ß√“¬°“√„πß∫°“√‡ß‘ππ’È ‰¥â®—¥∑”¢÷Èπ‡æ◊ËÕ„Àâ‡ªìπ‰ªμ“¡¢âÕ°”Àπ¥„πª√–°“»°√¡æ—≤π“∏ÿ√°‘®°“√§â“≈ß«—π∑’Ë 14 °—π¬“¬π 2544 ÕÕ° μ“¡§«“¡„πæ√–√“™∫—≠≠—μ‘°“√∫—≠™’ æ.». 2543 ➛ ∫√‘…∑— œ‰¥â¡°’ “√®—¥ª√–‡¿∑√“¬°“√∫—≠™’„πß∫°“√‡ß‘π ”À√—∫ªï π‘È ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 „À¡à ‡æ◊ÕË „Àâ Õ¥§≈âÕß°—∫°“√®—¥ª√–‡¿∑√“¬°“√ ∫—≠™’¢Õßªïªí®®ÿ∫—π´÷Ëß‰¡à¡’º≈°√–∑∫μàÕ°”‰√ ÿ∑∏‘À√◊Õ à«π¢ÕßºŸâ∂◊ÕÀÿâπμ“¡∑’‰¥â√“¬ß“π‰ª·≈â«

24. °“√Õπÿ¡—μ‘ß∫°“√‡ß‘π ➛

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

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

REPORT OF AUDITOR

TO THE BOARD OF DIRECTORS AND SHAREHOLDERS OF President Rice Products Public Company Limited

➛

I have audited the accompanying consolidated balance sheet of President Rice Products

Public Company Limited as at 31 December 2003, and the related consolidated statements of earnings, changes in shareholders’ equity, and cash flows for the year then ended, and the separate financial statements of President Rice Products Public Company Limited for the same period. These financial statements are the responsibility of the Company’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 audit. The financial statements of President Rice Products Public Company Limited and its subsidiary and the separate financial statements of President Rice Products Public Company Limited as at 31 December 2002 and for the year then ended, as presented herein for comparative purposes, were audited by another auditor who, under his report dated 21 February 2003, expressed a qualified opinion on those financial statements with regard to his not observing the physical count of inventories and spare parts as at 31 December 2001.

➛

I conducted my audit 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 audit provides a reasonable basis for my opinion.

➛

In my opinion, the financial statements referred to above present fairly, in all material

respects, the financial position of President Rice Products Public Company Limited and its subsidiary company, and of President Rice Products Public Company Limited as at 31 December 2003, and the results of their operations, and cash flows for the year then ended in accordance with generally accepted accounting principles.

SAIFON INKAEW Certified Public Accountant (Thailand) No. 4434 Ernst & Young Office Limited Bangkok : 6 February 2004

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

BALANCE SHEETS

PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY As at 31 December 2003 and 2002 (Unit : Baht)

CONSOLIDATED

THE COMPANY ONLY

Note

2003

2002

2003

2002

259,604,959

317,003,065

237,011,048

211,235,735

298,000,000

273,000,000

298,000,000

273,000,000

65,455,746

62,864,610

62,216,465

62,864,610

ASSETS CURRENT ASSETS Cash and cash equivalents Current investments Trade accounts and notes receivable Related parties

5 6

Others - net Trade accounts and notes receivable - net Inventories

Advance for purchase of goods

1,797,881,181

889,186,366

33,400,674

65,354,171

1,863,336,927

952,050,976

95,617,139

128,218,781

1,903,403,046

1,194,533,775

29,117,569

35,908,734

432,432,402

121,410,836

32,584,128

21,438,329

6,781,705

3,247,526

4,789,361,462

2,879,436,981

666,527,461

651,610,776

16,001,000

57,880,773

Other current assets TOTAL CURRENT ASSETS

NON-CURRENT ASSETS Restricted bank deposits

Investments accounted for under equity method

8 -

Investment in subsidiary company

255,605,907

218,129,875

296,125,281

271,064,372

303,691,066

279,386,735

296,125,281

271,064,372

559,296,973

497,516,610

99,945

Property, plant and equipment - net

281,382,543

260,199,324

143,011,835

117,056,810

Non-operating asset - net

9,200,483

7,565,785

8,322,363

7,346,342

7,258,612

299,035

1,384,047

617,721,379

614,025,872

711,908,271

625,257,895

5,407,082,841

3,493,462,853

1,378,435,732

1,276,868,671

Investment in associated company Total investments accounted for under equity method Other long-term investments - net

Goodwill Other non-current assets TOTAL NON-CURRENT ASSETS TOTAL ASSETS

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

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BALANCE SHEETS

PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY (Continued) As at 31 December 2003 and 2002 (Unit : Baht)

CONSOLIDATED Note

THE COMPANY ONLY

2003

2002

2003

2002

3,043,525,801

1,700,337,773

2,528,228

3,989,091

353,339,072

18,161,956

17,173,617

18,161,956

LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES Bank overdrafts and short-term loans from financial institutions Trade accounts payable Related parties Others Total trade accounts payable Current portion of long-term loan

Others payable

313,037,236

210,228,607

21,519,911

26,311,775

666,376,308

228,390,563

38,693,528

44,473,731

16,000,000

12,728,800

25,016,953

18,823,375

20,135,016

21,753,336

20,135,016

21,753,336

208,686

5,640,433

208,686

5,640,433

44,849,121

53,728,052

10,094,390

13,030,441

781,995

696,297

781,995

696,297

Other current liabilities Income tax payable Accrued expenses - related parties

Accrued expenses - other companies Dividend payable

Others Total other current liabilities TOTAL CURRENT LIABILITIES

9,883,949

9,554,835

4,157,208

5,264,800

75,858,767

91,372,953

35,377,295

46,385,307

3,826,777,829

2,051,653,464

76,599,051

94,848,129

34,200,000

52,662,157

NON-CURRENT LIABILITIES Long-term loan - net of current portion

Other non-current liabilities

1,375,000

239,744

TOTAL NON-CURRENT LIABILITIES

35,575,000

52,901,901

3,862,352,829

2,104,555,365

76,599,051

94,848,129

120,000,000

100,970,839

TOTAL LIABILITIES SHAREHOLDERS’ EQUITY Share capital Registered, issued and fully paid-up 12,000,000 ordinary shares of Baht 10 each Share premium Discount from change in interests in

(6,965,563)

12,000,000

1,075,831,405

956,015,266

1,075,831,405

956,015,266

1,301,836,681

1,182,020,542

1,301,836,681

1,182,020,542

242,893,331

206,886,946

TOTAL SHAREHOLDERS’ EQUITY

1,544,730,012

1,388,907,488

1,301,836,681

1,182,020,542

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

5,407,082,841

3,493,462,853

1,378,435,732

1,276,868,671

associated company Retained earnings Appropriated - statutory reserve

Unappropriated Equity Attributable to Parent Company’s Shareholders Minority Interests - Equity Attributable to Minority Shareholders of Subsidiary

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

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

STATEMENTS OF EARNINGS

PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY For the Years Ended 31 December 2003 and 2002 (Unit : Baht)

CONSOLIDATED

THE COMPANY ONLY

Note

2003

2002

2003

2002

9,200,645,283

8,342,885,959

686,762,045

747,129,208

91,643,092

14,267,973

10,802,720

9,798,924

41,379,934

41,003,587

86,811,966

81,547,811

9,333,668,309

8,398,157,519

784,376,731

838,475,943

8,240,717,067

7,497,661,497

456,934,580

488,841,023

748,885,284

552,648,074

95,580,362

111,256,571

4,588,004

3,408,000

3,868,000

2,964,000

8,994,190,355

8,053,717,571

556,382,942

603,061,594

339,477,954

344,439,948

227,993,789

235,414,349

(67,862,862)

(70,247,601)

REVENUES Sales Other income Share of profits from investments under equity method TOTAL REVENUES EXPENSES Cost of sales

Selling and administrative expenses Directors’ remunerations

TOTAL EXPENSES EARNINGS BEFORE INTEREST EXPENSES, INCOME TAX AND MINORITY INTEREST INTEREST EXPENSES

(29,082)

(176,256)

(36,189,962)

(34,627,074)

(36,189,962)

(34,627,074)

EARNINGS BEFORE MINORITY INTEREST

235,425,130

239,565,273

191,774,745

200,611,019

MINORITY INTEREST IN NET EARNINGS

(43,650,385)

(38,954,254)

NET EARNINGS FOR THE YEAR

191,774,745

200,611,019

191,774,745

200,611,019

15.98

16.72

15.98

16.72

CORPORATE INCOME TAX

BASIC EARNINGS PER SHARE Net earnings

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

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ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

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

Balance - as at 31 December 2003 120,000,000

Dividend payment 14

120,000,000

Net earnings for the year

Balance - as at 31 December 2002

Dividend payment

120,000,000

Share premium

100,970,839

(6,965,563)

company

in associated

issued and fully paid

change in interests

Discount from Share capital

Net earnings for the year

shareholding in the subsidiary company

Change in the Company’s percentage of

statements of a subsidiary company

Eliminated due to exclusion of the financial

Balance - as at 1 January 2002

Note

For the Years Ended 31 December 2003 and 2002

PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY

STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

12,000,000

reserve

statutory

Appropriated -

1,075,831,405

(71,958,606)

191,774,745

956,015,266

(62,362,745)

200,611,019

817,766,992

Unappropriated

Retained earnings

CONSOLIDATED

242,893,331

(7,644,000)

43,650,385

206,886,946

(6,468,000)

38,954,254

(348,535,828)

522,936,520

interest

Minority

1,544,730,012

(79,602,606)

235,425,130

1,388,907,488

(68,830,745)

239,565,273

(6,965,563)

(348,535,828)

1,573,674,351

Total

(Unit : Baht)

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

Balance - as at 31 December 2003 120,000,000

Dividend payment

120,000,000

fully paid Share premium

100,970,839

(6,965,563)

company

in associated

issued and

Note

change in interests

Discount from

12,000,000

reserve

statutory

Appropriated

1,075,831,405

(71,958,606)

191,774,745

956,015,266

(62,362,745)

200,611,019

817,766,992

Unappropriated

Retained earnings

THE COMPANY ONLY

Share capital

Net earnings for the year

Balance - as at 31 December 2002

Dividend payment

Net earnings for the year

statements of a subsidiary company

Eliminated due to exclusion of the financial

Balance - as at 1 January 2002

For the Years Ended 31 December 2003 and 2002

PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY (Continued)

STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

1,301,836,681

(71,958,606)

191,774,745

1,182,020,542

(62,362,745)

200,611,019

(6,965,563)

1,050,737,831

Total

(Unit : Baht)

STATEMENTS OF CASH FLOWS

PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY For the Years Ended 31 December 2003 and 2002 (Unit : Baht)

CONSOLIDATED

THE COMPANY ONLY

2003

2002

2003

2002

191,774,745

200,611,019

191,774,745

200,611,019

(41,379,934)

(41,003,587)

(86,811,966)

(81,547,811)

29,140,432

27,108,201

19,335,419

17,134,477

Loss on write off of inventory

261,004

1,564,548

261,004

1,564,548

Loss on sales of fixed assets

650,040

53,344

65,127

88,636

2,900,000

4,591,083

2,900,000

5,361,879

Cash flow from operating activities Net earnings for the year Adjustments to reconcile earnings to net cash provided by (paid from) operating activities:Share of profit from investment under equity method Depreciation and amortisation

Allowance for doubtful debts Amortisation of goodwill Unrealised loss (gain) on exchange

756,579

(15,512,238)

(212,761)

54,626

177,484

36,006,385

38,954,254

204,597,013

231,666,101

127,578,955

143,390,232

Trade accounts and notes receivable

(914,240,577)

190,897,165

29,647,016

(12,250,013)

Inventories

(709,130,275)

(488,786,152)

6,530,161

Advances for purchase of goods

Minority interest in net earnings

Decrease (increase) in operating assets :

88,180

(311,021,566)

(121,410,836)

Other current assets

(996,235)

(13,129,211)

(3,534,179)

(1,221,133)

Other non-current assets

(139,641)

(2,378,609)

1,033,100

(1,053,600)

32,318,311

(5,780,203)

Increase (decrease) in operating liabilities : Trade accounts payable Others payable Other current liabilities Other non-current liabilities Net cash from (used in) operating activities

437,985,745 6,193,578

(11,626,886)

33,512,920

(239,744)

(112,462)

(1,298,588,588)

(137,422,773)

(11,008,012) 144,466,838

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

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

(738,179) 4,344,800 132,560,287

STATEMENTS OF CASH FLOWS

PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY (Continued) For the Years Ended 31 December 2003 and 2002 (Unit : Baht)

CONSOLIDATED

THE COMPANY ONLY

2003

2002

2003

2002

(25,000,000)

(273,000,000)

Cash flow from investing activities 41,879,773

(24,702,723)

(25,000,000)

(273,000,000)

Decrease in restricted bank deposits Increase in current investments Decrease in short-term loans to related party

Decrease in other long-term investments

17,177,026

3,500,000 -

Dividend received from subsidiary and associated companies Proceeds from disposal of fixed assets Acquisition of property, plant and equipment Net cash used in investing activities

16,319,025

112,545,000

24,275,025

119,277,000

338,372

281,204

14,727

225,129

(48,385,153)

(43,193,721)

(44,561,808)

(33,590,381)

(14,847,983)

(210,893,214)

(45,272,056)

(183,588,252)

425,775,507

(1,460,863)

Cash flow from financing activities Increase (decrease) in bank overdrafts and short-term loans from financial institutions

1,343,188,028

Decrease in long-term loans

(15,190,957)

(12,728,800)

Payment of dividends

(71,958,606)

(68,830,745)

(71,958,606) -

1,930,663 (62,362,745)

Decrease in directors’ and employees’ deposits

(10,040,675)

Net cash from (used in) financing activities

1,256,038,465

334,175,287

(73,419,469)

(70,472,757)

(57,398,106)

(14,140,700)

25,775,313

(121,500,722)

317,003,065

331,144,765

211,235,735

332,736,457

259,604,959

317,004,065

237,011,048

211,235,735

Interest expenses

64,294,734

75,898,388

29,083

176,256

Income tax

38,103,628

32,789,334

37,808,282

32,773,011

(10,040,675)

Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the year

Supplementary disclosures of cash flows information Cash paid during the year for :-

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

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NOTES TO INTERIM FINANCIAL STATEMENTS

PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY 1.

GENERAL INFORMATION

➛

The Company was incorporated as a limited company, subsequently the Company has changed to be public company under

Thai law on 24 April 1981. The Company operates in Thailand and its principal activity is manufacture and sales of semi-instant foods both in local and oversea markets. Its registered office is located at 278 Srinakarin Road, Huamark, Bangkapi, Bangkok and its factory is located at 115 Soi Rai Khun Pen, Song Pol Road, Pakrad, Banpong, Ratchaburi.

➛

President Agri Trading Company Limited, a subsidiary company, was incorporated as a limited company under Thai law on

16 January 1992. The Company operates in Thailand and its principal activity is manufacture and sales of rice and rice products both in local and oversea markets. Its registered office is located at 557/1 Soi Sutthiporn, Prachasongkrao Road, Din Daeng, Bangkok, and its factory is located at 25/1 Moo 3, Tambon Hor-Krai, Amphur Bangmoonnak, Pichit. 2.

BASIS OF PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS a)

These consolidated financial statements include the financial statements of President Rice Products Public Company Limited (hereinafter referred to as “the Company”) and the subsidiary company (hereinafter referred to as “the subsidiary company”) as follows :Percentage of total assets of

Subsidiary

Nature of business

President Agri Trading

Manufacturing and sales

Company Limited

of rice and rice products

Percentage of total sales of

the subsidiary included in

Percentage of holding

consolidated total assets

consolidated total sales for

by the Company

as at 31 December

the year ended 31 December

2003

2002

2003

2002

2003

2002

both in local and oversea markets

➛

During the year 2002, President Bakery Public Company Limited, its subsidiary at that time, increased its share capital by

allocating shares to its directors and employees and the public. Since the Company did not purchase the additional shares, its ownership interest in the subsidiary has been reduced to 37.51 percent of registered share capital and its status thus changed from subsidiary to an associated company in the 4th quarter of the year 2002. As a result the consolidated statements of earnings still include the associated company’s statements of earnings until the 3rd quarter of the year 2002. b)

Outstanding balances and significant intercompany transactions between the Company and its subsidiary company, investments in subsidiary company, and the share capital of the subsidiary company have been eliminated in the consolidated financial statements.

SIGNIFICANT ACCOUNTING POLICIES

➛

The financial statements have been prepared in accordance with accounting standards pronounced by the Institute of

Certified Accountants and Auditors of Thailand, which are effective under the Accounting Act B.E. 2543.

➛

Significant accounting policies adopted by the Company and its subsidiary company are summarised below :3.1 Sales Sales represent the invoiced value, excluding value added tax, of goods supplied after deducting discounts, allowances and goods returned. 3.2 Cash and cash equivalents Cash and cash equivalents include cash and deposits at banks with an original maturity of 3 months or less and free from commitments.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

3.3 Trade accounts receivable and allowance for doubtful accounts Trade accounts receivable are stated at the net realisable value. Allowance for doubtful accounts is provided for the estimated losses that may be incurred in collection of receivables. The allowance is based on collection experience and the current status of receivables outstanding at the balance sheet date. 3.4 Inventories Inventories are valued at the lower of cost and net realisable value. Finished goods, raw materials and supplies of the Company are recorded on the first in - first out method. Finished goods and packages of its subsidiary company are valued using first in - first out method, while raw materials are recorded on the moving average method. 3.5 Investments Investments in subsidiary and associated companies in the Company’s financial statements are accounted for under the equity method. Investments in non-marketable equity securities which are classified as other investments are valued at cost. Losses on impairment (if any) of the investments are included in determining earnings. 3.6 Property, plant and equipment and depreciation Land is stated at cost. Plant and equipment are stated at cost less accumulated depreciation. Depreciation of plant and equipment is calculated by reference to their costs on the straight line basis over their estimated useful lives, which are as follows :-

Building and building improvements

20 years

Machinery and equipment

5 - 20 years

Furniture, fixtures, and office equipment

5 years

Vehicles

5 years

No depreciation has been provided for land and assets under installations. 3.7 Financial instruments The Company and its subsidiary company do not speculate or trade in any derivative financial instruments. Financial instruments presented in the balance sheets comprise cash and deposit at banks, bank overdrafts and loans from financial institutions, trade accounts receivable and trade accounts payable. The accounting policy for each transaction is separately and individually disclosed. 3.8 Foreign currencies Foreign currency transactions during the year are translated into Baht at the rates ruling on the transaction dates. Assets and liabilities denominated in foreign currency outstanding on the balance sheet date have been translated into Baht at the rates ruling on the balance sheet date. Exchange gains and losses are included in determining earnings. Forward exchange contracts outstanding as at the balance sheet date have been translated into Baht at the rate ruling on the balance sheet date. Gains and losses on exchange are recognised as income or expenses in the statements of earnings. In addition, the difference between the forward rate and spot rate as at the contract date is deferred and recorded as income or expenses over the period of forward contract. 3.9 Earnings per share Earnings per share as presented in the statement of earnings is basic earnings per share, calculated by dividing net earnings for the year by the number of ordinary shares in issue during the year. 3.10 Use of accounting estimates Preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates for certain accounting transactions, affecting amounts reported in the financial statements and notes related thereto. Subsequent actual results may differ from these estimates.

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CASH AND CASH EQUIVALENTS / RESTRICTED BANK DEPOSITS

➛

Cash and cash equivalents as at 31 December 2003 and 2002 consist of the following:(Unit :Baht)

CONSOLIDATED

THE COMPANY ONLY

2003

2002

2003

2002

Cash on hand and at banks

44,604,959

166,882,815

22,011,048

19,235,735

Cash at banks - fixed deposits

16,001,000

16,001,023

215,000,000

192,000,000

215,000,000

192,000,000

275,605,959

374,883,838

237,011,048

211,235,735

Less : Restricted bank deposits

(16,001,000)

(57,880,773)

Cash and cash equivalents

259,604,959

317,003,065

237,011,048

211,235,735

Promissory notes

➛

As at 31 December 2003 and 2002, the subsidiary company has restricted bank deposits of Baht 16 million, which have been

pledged as collateral for its short-term and long-term loans from a commercial bank. In addition, as at 31 December 2002, a bank deposit of Baht 41.9 million was pledged to secure the issuance of letters of guarantee by another commercial bank to a government agency, in accordance with an agreement to purchase/sell rice for export. However, during the third quarter of 2003, the subsidiary company redeemed such collateral. 5.

TRADE ACCOUNTS RECEIVABLE

➛

The outstanding balances of trade accounts and notes receivable as at 31 December 2003 and 2002 can be classified by aging

as follows :(Unit :Baht)

CONSOLIDATED

THE COMPANY ONLY

2003

2002

2003

2002

62,254,506

62,864,610

62,216,465

62,864,610

3,201,240

65,455,746

62,864,610

62,216,465

62,864,610

1,748,823,668

861,743,282

27,625,038

37,742,494

48,986,341

20,965,736

6,582,676

20,965,736

- 3 to 6 months

1,046,805

4,558,786

- More than 12 months

7,454,839

7,449,034

7,454,839

7,449,034

1,806,311,653

894,716,838

41,662,553

70,716,050

(8,261,879)

(5,361,879)

Related parties Not yet due Overdue - less than 3 months Total accounts and notes receivable-related parties Other Not yet due Overdue - Less than 3 months

Total Less : Allowance for doubtful accounts

(8,430,472)

(5,530,472)

4,558,786

Trade accounts and notes receivable - other - net

1,797,881,181

889,186,366

33,400,674

65,354,171

Total trade accounts and notes receivable - net

1,863,336,927

952,050,976

95,617,139

128,218,781

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

RELATED PARTY TRANSACTIONS

➛

During the year, the Company had significant business transactions with its subsidiary and related companies (related by the

way of common shareholders and/or common directors) principally in respect of purchases and sales of goods. Such transactions, which were concluded in the ordinary course of business, are summarized below :(Unit : Thousand Baht)

CONSOLIDATED 2003

THE COMPANY ONLY

2002

2003

PRICING POLICY

2002

Transactions with subsidiary (eliminated from the consolidated financial statements) Guarantee fee for long-term loans

384

The rate of 1 percent per minority interest, based on the drawn down of the credit term each month

Interest income

178

Sales of goods

524,764

432,724

399,344

432,724

Other income

181

548

181

548

Minimum overdrafts rate (MOR)

Transactions with related parties Cost plus margin Price of goods multiplied by fixed percent Purchases of goods and raws materials

957,623

154,144

125,634

154,144

Approximately market price based on purchase volume or market price

Other expenses

5,028

8,996

2,081

8,996

Price of goods multiplied by fixed percent and contracted price

Interest expense - employees’ deposits

144,814

Interest rate at the market rate, according to the Company’s policy

The outstanding balances of the above transactions have been separately shown in the balance sheets as detailed as follows :(Unit : Baht)

CONSOLIDATED

THE COMPANY ONLY

2003

2002

2003

2002

Saha Pathanapibul Public Co., Ltd.

51,661,665

52,593,103

51,661,665

52,593,103

Thai President Foods Public Co., Ltd.

10,202,740

9,966,986

10,202,740

9,966,986

352,060

304,521

352,060

304,521

Trade accounts receivable - related parties

TM Foods Co., Ltd.

3,239,281

Siam Kasikij Silo Co., Ltd. Total trade accounts receivable - related parties

65,455,746

62,864,610

62,216,465

62,864,610

Trade accounts payable - related parties 10,125,156

14,448,538

10,125,156

14,448,538

TM Foods Co., Ltd.

2,831,785

156,460

2,831,785

156,460

Dai-Ichi Packaging co., Ltd.

4,216,676

3,556,958

4,216,676

3,556,958

Thai President Foods Public Co., Ltd.

Siam Kasikij Silo Co., Ltd.

336,165,455

Total trade accounts payable - related parties

353,339,072

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18,161,956

17,173,617

18,161,956

(Unit : Baht)

CONSOLIDATED 2003

THE COMPANY ONLY 2002

2003

2002

Other current liabilities - related parties Saha Pathanopibul Public Co., Ltd.

Thai President Foods Public Co., Ltd.

208,686

472,241

208,686

472,241

Total other current liabilities - related parties

208,686

5,640,433

208,686

5,640,433

5,168,192

INVENTORIES (Unit : Baht)

CONSOLIDATED

Finished goods Raw materials Packages Factory supplies Total inventories

â&#x17E;&#x203A;

THE COMPANY ONLY

2003

2002

2003

2002

768,233,039

406,597,789

5,070,647

5,356,462

1,105,151,392

760,333,550

8,028,643

10,631,129

27,333,364

25,446,855

13,333,028

17,765,562

2,685,251

2,155,581

2,685,251

2,155,581

1,903,403,046

1,194,533,775

29,117,569

35,908,734

As at 31 December 2002, the subsidiary company pledged milled rice inventories amounting to Baht 184.2 million as collateral

for a packing credit obtained from a commercial bank, as discussed in note 12 to the financial statements. However, as at 31 December 2003 the subsidiary company has already redeemed such collateral.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

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Company’s name

financial statements

company in the Company’s

Total investments in associated

accumulated amortisation)

Add : Goodwill (net of

financial statements

company in the consolidated

Total investment in associated

Co., Ltd.

President Bakery Public

Associated company

financial statements

company in the Company’s

Total investment in subsidiary

President Agri Trading Co., Ltd.

of bakery products

Manufacturing and sales

local and overseas markets

rice and rice products both in

Manufacturing and sales of

Type of business

INVESTMENTS ACCOUNTED FOR UNDER EQUITY METHOD

Subsidiary company

300,000,000

120,000,000

capital

Paid-up

37.51

51.00

shareholding

Percentage of

200,080,000

61,200,000

200,080,000

61,200,000

2002

Cost method 2003

303,691,066

7,565,785

296,125,281

255,233,745

279,386,735

8,322,363

271,064,372

218,129,875

2002

Equity method 2003

Investment

16,319,025

7,956,000

2002

112,545,000

6,732,000

Dividend

7,956,000

2003

(Unit : Baht)

OTHER LONG-TERM INVESTMENTS (Unit : Baht)

CONSOLIDATED

THE COMPANY ONLY

2003

2002

2003

2002

3,970,000

Other investments Mochumchon Hospital Co., Ltd.

99,945

4,069,945

(3,970,000)

S. Pack and Print Co., Ltd. Total Less : Allowance for impairment loss on investments

99,945

Other long-term investments - net

10.

99,945

PROPERTY, PLANT AND EQUIPMENT (Unit : Baht)

CONSOLIDATED Assets under

Land

Building

construction

and building

and

Machinery

Furniture

and

and office

equipment

Vehicle

7,391,087 290,176,086

18,897,979

12,043,465

improvement installation

Leasehold

Total

Cost : 31 December 2002

19,340,560

97,912,137

Addition

28,041,735

189,240

Disposals

Transfer in (out)

31 December 2003

2,832,300

14,057,081

8,257,115

874,166

(5,607,690)

(45,700)

(14,960,918)

12,128,618

6,487,250 304,954,129

19,726,445

12,043,465

326,248 (86,999) 239,249

446,087,562 51,419,337 (5,740,389) -

47,382,295

100,933,677

491,766,510

31 December 2002

32,222,936

134,088,479

12,965,220

6,611,603

185,888,238

Depreciation for the year

5,063,962

20,156,626

2,281,826

1,499,108

29,001,522

Accumulated depreciation :

Accumulated depreciation of disposed assets

(4,472,349)

(33,444)

37,286,898

149,772,756

15,213,602

8,110,711

31 December 2002

19,340,560

65,689,201

7,391,087 156,087,607

5,932,759

5,431,862

326,248

260,199,324

31 December 2003

47,382,293

63,646,779

6,487,250 155,181,373

4,512,843

3,932,754

239,249

281,382,543

31 December 2003

(4,505,793)

210,383,967

Net book value :

Depreciation charge included in the earnings statement for the year 2002

26,905,736

2003

29,001,522

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

(Unit : Baht)

THE COMPANY ONLY Assets under

Land

Building

construction

and building

and

Machinery

Furniture

and

and office

equipment

7,391,087 186,514,387

8,932,809

improvement installation

Vehicle

Leasehold

Total

Cost : 31 December 2002

7,040,961

45,406,862

Addition

28,041,735

2,480

Disposals

Transfer in (out)

2,832,300

35,082,696

48,241,642

31 December 2002

21,741,407

Depreciation for the year

2,319,889

31 December 2003

14,057,081 (14,960,918)

2,317,177

302,520

9,080,323 -

326,248 -

264,692,677 44,720,993

(4,504,690)

12,128,618

9,235,329

9,080,323

113,812,401

6,487,464

5,594,595

147,635,867

14,157,217

947,684

1,015,139

18,439,929

6,487,250 196,455,492

(86,999)

(4,591,689)

239,249

304,821,981

Accumulated depreciation :

Accumulated depreciation of disposed assets

31 December 2003

24,061,296

123,703,968

(4,265,650)

7,435,148

6,609,734

(4,265,650)

31 December 2002

7,040,961

23,665,455

7,391,087

72,701,986

2,445,345

3,485,728

326,248

117,056,810

31 December 2003

35,082,696

24,180,346

6,487,250

72,751,524

1,800,181

2,470,589

239,249

143,011,835

161,810,146

Net book value :

Depreciation charge included in the earnings statement for the year 2002

16,990,723

2003

18,439,929

➛

The subsidiary company has pledged its land and construction thereon, and machinery, as collateral for credit facilities and

long-term loans from a commercial bank as discussed in notes 12 and 13 to the financial statements.

➛

As at 31 December 2003, certain equipment and vehicle items of the Company and its subsidiary have been fully depreciated

but are still in use. The consolidated original cost, before deducting accumulated depreciation, of those assets amounted to Baht 101 million (the Company Only : Baht 96 million). 11.

NON-OPERATING ASSET (Unit : Baht)

CONSOLIDATED AND THE COMPANY ONLY 2003

2002

Land - cost

11,496,733

Less : Allowance for impairment

(2,296,250)

9,200,483

Non-operating asset - net

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12.

BANK OVERDRAFTS AND SHORT-TERM LOANS FROM FINANCIAL INSTITUTIONS (Unit : Baht)

CONSOLIDATED

Bank overdraft Packing credit Short-term loans from banks Total

➛

THE COMPANY ONLY

2003

2002

2003

2002

16,569,995

8,489,878

2,528,228

3,989,091

2,872,228,000

1,016,807,838

154,727,806

675,040,057

3,043,525,801

1,700,337,773

2,528,228

3,989,091

Bank overdrafts, packing credits and short-term loans from banks of the subsidiary are secured by the pledge of fixed

deposits, the mortgage of land and construction thereon and machinery of the subsidiary company, the personal guarantee of a director of the subsidiary company and assignment of the collection under purchase/sell rice agreement as stipulated in such agreement.

➛

In addition, as at 31 December 2002 the subsidiary’s inventories of milled rice totaling Baht 184.2 million were pledged as

collateral for a packing credit obtained from a commercial bank. However, as at 31 December 2003, the subsidiary has already redeemed such collateral. 13.

LONG-TERM LOAN (Unit : Baht)

CONSOLIDATED

THE COMPANY ONLY

2003

2002

50,200,000

65,390,957

Less : Current portion of long-term loan

(16,000,000)

(12,728,800)

Long-term loan - net of current portion

34,200,000

52,662,157

Long-term loan

➛

2003

2002

This represents a Thai Baht loan which the subsidiary obtained from a local commercial bank. During the current year the

subsidiary company used this loan to refinance another loan previously obtained from another commercial bank. The loan agreement covers a 4 years period and interest is charged at the rate of MLR minus a certain rate per annum and payable on a monthly basis. Principal is repayable in quarterly installments within 4 years commencing as from the date of first drawdown. Fixed deposits, land and construction thereon, and the machinery of the subsidiary have been pledged as collateral for such long-term loan. 14.

DIVIDEND PAYMENT/STATUTORY RESERVE The Company

➛

On 28 April 2003, the Annual General Meeting of the Company’s shareholders approved the payment of dividend from the

earnings for the year 2002 to the Company’s shareholders at Baht 6.05 per share, totaling approximately Baht 72.6 million. However, the Company already paid interim dividend at Baht 2.10 per share in October 2002, leaving the remaining dividend of Baht 3.95 per share, totaling approximately Baht 47.4 million which was paid on 26 May 2003.

➛

On 16 September 2003, the meeting of the Company’s Board of Directors approved the payment of interim dividend from

the earnings for the first half of the year 2003 to the Company’s shareholders at Baht 2.05 per share, totaling approximately Baht 24.6 million. The Company already paid this dividend on 15 October 2003.

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

➛

On 25 April 2002, the Annual General Meeting of the Company’s shareholders approved the payment of dividend from the

earnings for the second half of the year 2001 to the Company’s shareholders at Baht 3.10 per share, totaling approximately Baht 37.2 million which was paid on 28 May 2002.

➛

On 17 September 2002, the meeting of the Company’s Board of Directors approved the payment of dividend from the

operating results for the first half of the year 2002 to the Company’s shareholders at Baht 2.10 per share, totaling approximately Baht 25.20 million. The Company already paid this dividend on 16 October 2002

➛

According to the Public Limited Companies Act B.E, 2535, the Company is required to set aside a statutory reserve at least

5% of its net profit after deducting accumulated deficit brought forward (if any) until the reserve reaches 10% of the registered share capital. The statutory reserve could not be used for dividend payment Subsidiary company

➛

On 22 April 2003, the Annual General Meeting of the subsidiary’s shareholders approved the payment of dividend from the

earnings for the year 2002 to the subsidiary’s shareholders at Baht 1.30 per share, totaling approximately Baht 15.6 million. The subsidiary paid the dividend on 21 May 2003.

➛

On 30 April 2002, the Annual General Meeting of the subsidiary’s shareholders approved the payment of dividend from the

earnings for the year 2001 to the subsidiary’s shareholders at Baht 1.10 per share, totaling approximately bath 13.2 million.

➛

Under the Thai Civil and Commercial Code, at each distribution of dividend the subsidiary company is required to set aside

to a statutory reserve at least five percent of its net earnings each time the dividend is declared, until the reserve reaches ten percent of registered share capital. 15.

DIRECTORS’ REMUNERATION

➛

Directors’ remuneration represents the benefits paid to the Company’s directors in accordance with Section 90 of the Public

Limited Companies Act, exclusive of salaries and related benefits payable to executive directors. 16.

CORPORATE INCOME TAX

➛

Corporate income tax of the Company for the year 2003 and 2002 have been calculated on earnings before tax after adding

back expenses and provision for expenses which are disallowed for tax computation purpose.

➛

The subsidiary company has no tax liabilities as its earnings for 2003 and 2002 from non-promoted activities could be offset

by accumulated loss of promoted activities, after adjusting earnings with promotion privileges. This results in no tax liabilities on earnings from non-promoted activities. 17.

NUMBER OF EMPLOYEES AND RELATED COSTS CONSOLIDATED 2003

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2003

2002

1,151

1,273

993

1,105

143,215

145,123

100,938

99,350

Number of employees at the end of year (persons) Employee costs for the year (Thousand Baht)

THE COMPANY ONLY 2002

18.

FINANCIAL INFORMATION BY SEGMENT

➛

The major operations of the Company and subsidiary company involve the manufacturing and sales of semi-instant foods

and rice with geographical area in Thailand. However, the Company and the subsidiary sell the products to both local and overseas markets. 18.1 Financial information classified by type of business and market of the Company’s and its subsidiary for the years ended 31 December 2003 and 2002 are as follows :(Unit : Million Baht)

MANUFACTURING

AND SALE OF

AND SALE OF RICE

SEMI-INSTANT FOODS

AND RICE PRODUCTS

2003

2002

2003

TOTAL

2002

2003

2002

Revenue from the sales of goods - domestic

373

396

651

408

1,024

804

Revenue from the sales of goods - export

314

351

7,863

7,188

8,177

7,539

Total revenues from the sale of goods

687

747

8,514

7,596

9,201

8,343

Cost of sales

(457)

(489)

(7,784)

(7,009)

(8,241)

(7,498)

Gross profit

230

258

730

587

960

845

(754)

(556)

247

330

Interest expenses

(68)

(70)

Income tax expenses

(36)

(34)

Net profit before minority interest

234

240

Minority interest in net earnings

(43)

(39)

Net profit

191

201

Share of profits from investments under equity method Selling and administrative expenses Operating profit Other income

18.2 As at 31 December 2003 and 2002, consolidated assets classified by type of business are as follows :(Unit : Million Baht))

MANUFACTURING

AND SALE OF

AND SALE OF RICE

SEMI-INSTANT FOODS AND RICE PRODUCTS ELIMINATING ENTRIES

NET TOTAL

2003

2002

2003

2002

2003

2002

2003

2002

152

126

139

143

291

269

1,226

1,151

4,154

2,291

5,125

3,224

5,416

3,493

Property, plant and equipment - net Other assets Total assets

(255)

(218)

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

19.

COMMITMENTS AND CONTINGENT LIABILITIES

➛

As at 31 December 2003, commitments and contingent liabilities consisted of: 19.1 The Company a)

The Company is obliged to pay a guarantee fee in the amount of Baht 0.04 million per annum to the local branches of two foreign banks to have them guarantee as follows :-

•

A gold class importer and exporter in the amount of Baht 5 million

•

The utilization of electricity in the amount of Baht 1.59 million

•

Exports goods guarantee in the amount of Baht 0.4 million

The Company has a commitment in respect of remaining uncalled portion of the ordinary shares of Mohchumchon Hospital Company Limited of Baht 3.97 million, as discussed in note 9 to the financial statements. However, as the hospital has been unable to operate its business and is expected to unable to continue as a going concern, the call for the remaining unpaid share capital is suspended.

Under the office rental and related services agreement of the Company with a related company, parking lots of factory of the Company and residence with lessors, both of which have the remaining period of 7-9 months, the Company is obliged to pay such rental and services amounting to Baht 0.7 million and Baht 0.33 million, respectively.

The Annual General Meeting of the Company’s Shareholders held on 28 April 2003, passed a resolution to approve the allocation of a credit line to President Agri Trading Company Limited and President Bakery Public Company Limited, a subsidiary company and an associated company, respectively, when including current and long-term liabilities of the Company, in the amount not exceeding 0.5 times the shareholders’ equity of the Company, which was in the credit line of Baht 590 million. The Meeting also approved the allocation of loan guarantee for such subsidiary and associated companies in the credit line of, when including current liabilities, long-term liabilities and loans provided to the subsidiary and associated company, not exceeding 1 time of the shareholders’ equity of the Company, or Baht 1,180 million to assist and support funds to such subsidiary and associated companies. However, the allocation of such credit line and loan guarantee will not exceed 1 time the shareholders’ equity of the Company as at 31 December 2002.

19.2 Subsidiary company a)

The subsidiary is obliged to keep, transmute and deliver rice in accordance with an agreement dated 3 November 2003 between the subsidiary and a government agency. A commercial bank is the guarantor of such consignment by providing a credit line as discussed in Note 19.2b). As at 31 December 2003 milled rice amounting to 7,699.50 tons was still to be delivered.

The subsidiary is obliged to pay guarantee fees to 4 commercial banks at rates of 1 - 2% of the guarantee line per annum, in order that those banks to provide the following guarantees:•

A guarantee of Baht 244.1 million for the purchase, delivery, and quality development of milled rice under an agreement

with a government agency .

•

A guarantee of Baht 7.4 million for rice quality development as agreed with a government agency.

•

A guarantee of Baht 1.62 million for the utilization of electricity.

•

A guarantee of 0.20 million for the establishment of a warehouse agreed with the Customs Department .

•

A guarantee of Baht 12.16 million for the payment of tax or penalties to the Customs Department.

Under the office rental contract with a lessor and the warehouse rental contracts with two lessors, both of which have 6 months remaining, the subsidiary is obliged to pay monthly rental fees amounting to Baht 0.03 million and Baht 3.3 million, respectively.

Under the agreements to purchase/sell rice for export executed between the subsidiary and a Thai government agency dated 29 January 2002, 25 October 2002, 27 May 2003, 11 September 2003, and 31 December 2003, the subsidiary is obliged to purchase milled rice for export. Three commercial banks are guarantors of such purchase with the credit line as discussed in Note 19.2 b). As at 31 December 2003, milled rice amounting to 567,402.22 tons was still to be delivered. The purchase of 33,159.99 tons of such rice is already past due, but the subsidiary has not purchased the rice due to the problems relating to the quality of the milled rice, which does not meet stipulated criteria. However, the subsidiary company has already purchased such rice in 2004.

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20.

SUBSEQUENT EVENTS

â&#x17E;&#x203A;

Subsequent to the balance sheets date, the subsidiary entered into forward contracts with several banks to sell USD 58.69

million at forward rates of Baht 39 - 39.39 per 1 USD, in order to hedge the risk in respect of collections in foreign currency during the period of January to August 2004. 21.

PROMOTIONAL PRIVILEGES

â&#x17E;&#x203A;

The Company and its subsidiary have been granted promotional privileges under the Investment Promotion Act B.E. 2520,

with significant information as follow :21.1 The Company The Company has been granted promotional privileges for export on 24 October 1988, for semi-instant rice noodle, with capacity of approximately 1,144,000 cartons per annum with the condition that all manufactured products are exported. Subsequently, on 23 November 1994 the Company has been approved to change the terms of exporting all manufactured products to overseas to exporting not less than 80% of the total sales, which has been effective as from 5 September 1994. Significant privileges under the Investment Promotion a)

Exemption from corporate income tax on net earnings from the promoted activity for a period of seven years, commencing as from the date of first earning operating income. The promotion already expired on 30 June 1997.

A fifty percent reduction of the normal rate of corporate income tax on net earnings derived from the promoted activity for a period of five years after the expiration of the seven years, commencing as from the date of first earning operating income. The promotion already expired on 30 June 2002.

Exemption from income tax on dividends received from the promoted operations during the corporate income tax exemption period as mentioned in a) throughout the promotion period. The promotion already expired on 30 June 1997.

Permission to deduct net income at the rate of 5% of the increased amount of export sales from that of the previous year for the period of ten years, starting from the date of first earning income from such operation. The promotion already expired on 30 June 2000.

21.2 The subsidiary company The subsidiary company has been granted tax privileges under the Investment Promotion Act B.E. 2520, as approved by the Board of Investment on 9 September 1997, for assorted agricultural products, with capacity of approximately 282,800 tons per annum. Subsequently, the Board of Investment approved the expansion of the capacity to 525,600 tons per annum on 21 May 1999 which are effective as from 11 January 1999. Significant privileges under the Investment Promotion a)

Exemption from corporate income tax on net earnings from the promoted activity for a period of eight years, commencing as from the date of first earning operating income.

A fifty percent reduction of the normal rate of corporate income tax on net earnings derived from the promoted activity for a period of eight years after the expiration of the above corporate income tax exemption period.

Permission to double deduct transportation fees, and electricity and water charges for a period of ten years, commencing as from the date of earning operating income.

Exemption from income tax on dividends received from the promoted operations during the corporate income tax exemption period.

All sales of the Company and its subsidiary can be segregated between promoted and non-promoted activities for the year ended 31 December 2003 and 2002 as follows :(Unit : Baht)

CONSOLIDEATED

Promoted activities Non-promoted activities Total

THE COMPANY ONLY

2003

2002

2003

2002

8,237,504,590

7,888,254,960

353,825,108

396,146,290

963,104,693

454,802,999

332,936,937

350,982,918

9,200,645,283

8,343,057,959

686,762,045

747,129,208

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

22.

FINANCIAL INSTRUMENTS 22.1 Financial risk management and policies The Company and its subsidiary are exposed to risks from changes in market interest rates and in currency exchange

rates and from nonperformance of contractual obligations by the counterparties. However, the Company and its subsidiary do not hold or issue derivative financial instruments for speculative or trading purposes. 22.2 Interest rate risk The interest rate risk is the risk that future movements in market interest rates will affect the results of the Company’s and its subsidiary’s operations and their cash flows. The Company’s and its subsidiary’s exposure to interest rate risk relates primarily to cash at bank, bank overdrafts and loans from financial institutions. Since the majority of these financial assets and liabilities are short-term and carry interest at the rates following the market interest rates, the Company and its subsidiary do not use derivative financial instruments to hedge such risk. (The details of short-term and long-term are discussed in notes 11 and 12 to the financial statements No. 11 and 12, respectively). 22.3 Foreign currency risk The Company and its subsidiary had foreign currency risk in respect of collection in foreign currency. The subsidiary has entered into forward contracts to hedge against such risk, and as at 31 December 2003 has outstanding forward contracts to sell USD 115.02 million at forward rates of Baht 39.46 - 39.95 per 1 USD. As at 31 December 2003, the Company’s and its subsidiary’s assets and liabilities denominated in foreign currency, which were not hedged against foreign exchange rate risk are summarised below :AVERAGE EXCHANGE RATE CURRENCY

CONSOLIDATED ASSETS

LIABILITIES

THE COMPANY ONLY ASSETS

LIABILITIES

(THOUSAND) (THOUSAND) (THOUSAND) (THOUSAND)

AS AT 31 DECEMBER 2003 (BAHT PER UNIT OF FOREIGN CURRENCY)

US Dollar

599

39.6382

Singapore Dollar

156

23.4541

22.4 Credit risk Credit risk refers to a customers or counter-parties defaulting on their contractual obligation or fail to meet debt repayment conditions, resulting in financial loss to the Company and its subsidiary. However, the Company and its subsidiary make policies to hedge such risks through analysis of the financial position of their customers and counter-parties and determination of the regulations for considering credit lines and term according to normal course of business. Furthermore, the Company has also entered into a guarantee agreement with a bank for a part of export sales, and the subsidiary requires its overseas customers to open letters of credit before goods shipment. 22.5 Fair value Since the majority of the financial assets and liabilities are short-term and that the loans carry interest at rates close to current market rates, the management believes that the fair value of the Company’s and its subsidiary’s financial assets and liabilities do not materially differ from their carrying value. 23.

PRESENTATION

➛

The presentation of the financial statements has been made in compliance with the stipulations of the Notification of the

Department of Business Development dated 14 September 2001 as empowered under the Accounting Act B.E. 2543.

➛

Certain amounts in the financial statements for the year ended 31 December 2002 have been reclassified to conform to the

current year classifications, with no effect to previously reported net earnings or shareholders’ equity. 24.

APPROVAL OF FINANCIAL STATEMENTS

➛

These financial statements have been approved by the Company’s directors.

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°“√°√–®“¬°“√∂◊ÕÀÿâπμ“¡ª√–‡¿∑¢Õß∫ÿ§§≈∑’Ë∂◊Õ

TYPE OF SHAREHOLDERS

2546 / 2003

ª√–‡¿∑

®”π«πºŸâ∂◊ÕÀÿâπ (∫ÿ§§≈)

®”π«πÀÿπâ

No. of shareholders

No. of share

2545 / 2002

®”π«πºŸâ∂◊ÕÀÿâπ (∫ÿ§§≈)

®”π«πÀÿπâ

No. of shareholders

No. of share

(person)

Type

(person)

π‘μ∫‘ §ÿ §≈ —≠™“μ‘‰∑¬ —≠™“μ‘μà“ß¥â“« √«¡

8 1 9

8,003,504 66.70 908,648 7.57 8,912,152 74.27

10 1 11

7,703,644 64.20 1,127,948 9.40 8,831,592 73.60

∫ÿ§§≈∏√√¡¥“ —≠™“μ‘‰∑¬ —≠™“μ‘μà“ß¥â“« √«¡

239 3 242

2,986,250 24.89 101,598 0.85 3,087,848 25.73

250 3 253

3,066,810 25.56 101,598 0.85 3,168,408 26.40

¬Õ¥√«¡∑—Èß ‘Èπ

251

12,000,000 100.00

264

12,000,000 100.00

Juristic Persons Thai Foreigners Total Private Individuals Thai Foreigners Total Grand Total

°“√∂◊ÕÀÿâπ¢Õß°√√¡°“√„π°≈ÿà¡∫√‘…—∑ SHAREHOLDERS’ EQUITY OF THE DIRECTORS IN THE ASSOCIATED COMPANIES

≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 / As of 31 December 2002 √“¬™◊ËÕ 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.

π“¬æ‘æ—≤ π“¬‰°√¬ß π“¬∫ÿ≠‡ªïò¬¡ π“ß “«À∑—¬√—μπå π“ß ¥„ π“¬Õ¿‘™“μ‘ π“ß‡æÁ≠π¿“ æ≈‚∑æ‘»“≈ πæ. ÿ√æ®πå π“ß„®√—°…å

æ–‡π’¬ß‡«∑¬å ∏π¬ßæ‘∫Ÿ≈ ‡Õ’Ë¬¡√ÿß‚√®πå °«â“ß®‘μμåÕ“√’¬å À“≠™π– ∏√√¡¡‚π¡—¬ ∏π “√»‘≈ªá ‡∑æ ‘∑∏“ ÿ«√√≥æ“π‘™ °âÕπ∑Õß

1,448,878 138,965 65,500 12,797 7,800 25,000 1,998 -

30,000 12,000 24,000 -

244,559 28,261 20,000 900 308,419 30,000 -

NAME

Mr. Pipat

Paniangvait

Mr. Kraiyong

Tanayongpibul

Mr. Boonpiam

Eamroongroj

Ms. Hatairat

Kwangchit-Aree

Ms. Sodsai

Harnchana

Mr. Apichart

Thammanomai

Ms. Pennapa

Dhanasarnsilp

Lt. Gen. Phisal

Thepsithar

Dr. Surapoch

Suwonpanich

Ms. Jairuk

Konthong

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

√“¬°“√√–À«à“ß°—π

CONNECTION ITEMS

➛ ∫√‘…∑— œ ‰¥â‡ªî¥‡º¬¢âÕ¡Ÿ≈√“¬°“√√–À«à“ß°—π„πÀ¡“¬‡Àμÿª√–°Õ∫ ß∫°“√‡ß‘π¢âÕ 6 - √“¬°“√∏ÿ√°‘®°—∫°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ´÷Ëß√“¬°“√ √–À«à“ß°—π∑’Ë¡’ “√– ”§—≠ √ÿª‰¥â¥—ßπ’È

➛

The company has disclosed the contents of the

connection items in Notes to the Financial Statement, Article 6 - Related Party Transaction of which the essentials are summarized as follows:

∫√‘…∑—

√“¬°“√√–À«à“ß°—π

¡Ÿ≈§à“ (≈â“π∫“∑)

≈—°…≥–§«“¡ —¡æ—π∏å

Company

Connection Items

Value (Million Baht)

Association Pattern

∫¡®. Àæ—≤πæ‘∫Ÿ≈

μ—«·∑π®”Àπà“¬ ‘π§â“„πª√–‡∑»

Sahapattanapibul Pcl.

Domestic distributor

344.95

∫¡®.‰∑¬‡æ√´‘‡¥π∑åøŸ¥ å

´◊ÈÕ¢“¬ ‘π§â“·≈–«—μ∂ÿ¥‘∫

Thai President Foods Pcl.

Goods and raw materials trading partner

°√√¡°“√√à«¡°—π∫“ß à«π Partially similar Directors

141.92

ºŸâ∂◊ÕÀÿâπ·≈–ºŸâ∫√‘À“√√à«¡°—π Partially similar shareholders

‡™à“Õ“§“√ ”π—°ß“π·≈–Õ◊ËπÊ

3.20

∫“ß à«π

Office building rental provider,

and executives

and Others

‡Àμÿº≈·≈–§«“¡®”‡ªìπ

REASONS AND REQUISITES

➛ √“¬°“√√–À«à“ß°—π°—∫∫√‘…∑— „π‡§√◊Õ‡ªìπ°“√¥”‡π‘π∏ÿ√°‘®μ“¡ª°μ‘ ·≈–‡ªìπ‰ªμ“¡‡ß◊ËÕπ‰¢°“√§â“‚¥¬∑—Ë«‰ª ‚¥¬‡©æ“–§«“¡®”‡ªìπ„π°“√ ´◊ÈÕ«—μ∂ÿ¥‘∫ ‰¥â·°à ‡§√◊ËÕßª√ÿß®“°∫√‘…—∑„π‡§√◊Õ ‡ªìπ‡Àμÿº≈‡π◊ËÕß¡“®“° «—μ∂ÿ¥‘∫∑’Ë∫√‘…—∑œ μâÕß°“√¡’§«“¡æ‘‡»… ·≈–¡’≈—°…≥–‡©æ“–„π¥â“π √ ™“μ‘∑’Ë‡°‘¥®“°°“√«‘®—¬·≈–°“√æ—≤π“√à«¡°—π

➛

The connection items occurred with the associated

companies were of normal business process and in line with the conventional trade principles. The reasons and requisites for the connection are that some raw materials such as condiment materials must be supplied by the affiliated companies because of its particular and unique characteristics of taste which have been derived from the earlier mutual researches and developments.

°≈ÿà¡ºŸâ∂◊ÕÀÿâπ Ÿß ÿ¥ 10 √“¬°“√ TOP 10 OF STOCKHOLDERS

≥ «—π∑’Ë 15 μÿ≈“§¡ 2546 / As of 15 October 2003 °≈ÿ¡à ºŸ∂â Õ◊ Àÿπâ

∫√‘…—∑ ‡æ√´‘‡¥π∑å‚Œ≈¥‘Èß ®”°—¥ °≈ÿà¡æ–‡π’¬ß‡«∑¬å °ÿ≈à¡μμ‘¬°«’ °≈ÿ¡à ∏π¬ßæ‘∫≈Ÿ ∫√‘…—∑ Àæ—≤π“Õ‘π‡μÕ√å‚Œ≈¥‘Èß ®”°—¥ °≈ÿà¡æŸπ»—°¥‘ÏÕÿ¥¡ ‘π ¡‘ ‡μÕ√åªï‡μÕ√å Õ’√‘§ ‡¥π‘ ¡‘ ‡μÕ√å‡§π‡π∏ √Ÿ¥’È ‡§¡Õπ °≈ÿà¡‚Õ ∂“πÿ‡§√“–Àå °≈ÿ¡à ‰°√ƒ°…å

®”π«πÀÿâπ

√âÕ¬≈–

No. of Share

3,891,960 1,487,360 802,800 438,965 360,000 291,300 244,800 221,500 205,700 157,000

32.43 12.39 6.69 3.66 3.00 2.43 2.04 1.85 1.71 1.31

Major shareholders

President Holding Company Limited Paniangvait Group Tatiyakavee Group Tanayongpibul Group Saha Pathana Inter holding Public Co. Ltd. Punsakudomsin Group Mr. Peter Eric Denis Mr. Kenneth Rudy Kamon Osathanugrah Group Krailork Group

À¡“¬‡Àμÿ : ∫√‘…—∑ ‡æ√´‘‡¥π∑å‚Œ≈¥‘Èß ®”°—¥ ¡‘‰¥â àß∫ÿ§§≈‡¢â“‡ªìπ°√√¡°“√ºŸâ¡’Õ”π“®¥”‡π‘π°“√„π°‘®°“√¢Õß∫√‘…—∑œ Remark :

President Holding Co., Ltd. has not appointed any persons as the Authorized Director to Manager the Company’s Business.

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

¢âÕ¡Ÿ≈®”‡æ“– ¢âÕ¡Ÿ≈®”‡æ“– COMPANY PROFILE

∑ÿπ®¥∑–‡∫’¬π

COMPANY PROFILE

™◊ËÕ ∂“π∑’Ëμ—Èß ”π—°ß“π„À≠à ª√–‡¿∑∏ÿ√°‘® ‚∑√»—æ∑å ‚∑√ “√ ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

Name, Location of Head office Type of business, Tel. And Fax. President Rice Products Public Company Limited

120 Million Baht. Comprising 12,000,000

REGISTERED CAPITAL

120 ≈â“π∫“∑ ·∫àß‡ªìπÀÿâπ “¡—≠ 12,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ∑’Ëμ√“‰«â Àÿâπ≈– 10 ∫“∑

∏ÿ√°‘®À≈—°

ºŸâº≈‘μ‡ âπÀ¡’Ë°ã«¬‡μ’Î¬«°÷Ëß ”‡√Á®√Ÿª

Manufacturer of Instant Rice Noodles

278 Õ“§“√∑’‡Õø ™—Èπ 9 ∂.»√’π§√‘π∑√å À—«À¡“° ∫“ß°–ªî °√ÿß‡∑æœ 10240 ‚∑√ “√ 0-2377-5145 ‚∑√ “√ 0-2374-7956 http:/www.mama.th.com

278 TF Building Srinakarin Road, Huamark Bangkapi,

115 À¡Ÿà 15 ´.‰√à§ÿ≥‡æÁ≠ ∂.∑√ßæ≈ μ.ª“°·√μ Õ.∫â“π‚ªÉß ®.√“™∫ÿ√’ 70110 ‚∑√»—æ∑å 0-3220-1503-4 ‚∑√ “√ 0-3220-1248

115 Moo 15 Soi Rai Khun Pen, Songpol Rd., Tumbol

∫√‘…—∑ »Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ ™—Èπ 4, 7 Õ“§“√μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ‡≈¢∑’Ë 62 ∂ππ√—™¥“¿‘‡…° ‡¢μ§≈Õß‡μ¬ °√ÿß‡∑æœ 10110 ‚∑√»—æ∑å 0-2229-2800 ‚∑√ “√ 0-2359-1259

Thailand Securities Depository Company Limited

§ÿ≥ “¬Ωπ Õ‘π∑√å·°â« ∫√‘…—∑ ”π—°ß“π ‡Õ‘π å∑ ·Õπ¥å ¬—ß ®”°—¥ ™—Èπ 33 Õ“§“√‡≈§√—™¥“ 193/136-137 ∂.√—™¥“¿‘‡…° §≈Õß‡μ¬ °√ÿß‡∑æœ 10110 μŸâ ª.≥. 1047, °√ÿß‡∑æœ 10501

Ms. Saifon Inkaew

∫√‘…—∑ »Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥

Thailand Securities Depository Company Limited

∏π“§“√°√ÿß‡∑æ ®”°—¥ (¡À“™π) ∏π“§“√° ‘°√‰∑¬ ®”°—¥ (¡À“™π) ∏π“§“√°√ÿß»√’Õ¬ÿ∏¬“ ®”°—¥ (¡À“™π) ∏π“§“√ ·μπ¥“√å¥™“√å‡μÕ√å¥ ∏π“§“√Õ“§“√ ß‡§√“–Àå ∏π“§“√´‘μ·’È ∫ß§å ∏π“§“√ ‡§√¥‘μ Õ–°√‘°Õ≈ Õ‘π‚¥ ÿ‡Õ™ ∏π“§“√ ‡æ◊ËÕ°“√ àßÕÕ°·≈–π”‡¢â“·Ààßª√–‡∑»‰∑¬

Bangkok Bang Public Company Limited

Ordinary Shares. Par Value 10 Baht per Share

MAIN BUSINESSS

∑’Ëμ—Èß ”π—°ß“π HEAD OFFICE

∑’Ëμ—Èß‚√ßß“π FACTORY

∫ÿ§§≈Õâ“ßÕ‘ßÕ◊ËπÊ REFERENCE PERSON

ºŸâμ√«® Õ∫∫—≠™’ AUDITOR

π“¬∑–‡∫’¬π

Bangkok 10240, Thailand Tel. 0-2377-5145 Fax. 0-2374-7956 http://www.mama.th.com

Pakrad, Amphoe Banpong, Ratchaburi Province 70110 Tel. 0-3220-1503-4 Fax. 0-3220-1248

4, 7 Floor, The Stock Exchang of Thailand Building 62 Rajadapisek Road, Klongtoey Bangkok, 10110 Tel. 0-2229-2800 Fax. 0-2359-1259

Ernst & Young Office Limited 33rd Floor, Lake Rajada Office Complex 193/136-137 Rajadapisek Road Klongtoey Bangkok 10110 G.P.O. Box 1047 Bangkok 10501 Thailand

REGISTRAR

∏π“§“√ BANK

Kasikorn Bank Bang of Ayudhya Public Company Limited Standard Chartered Bank Government Housing Bank Citibank Credit Agricole Indosuez Export-Import Bank of Thailand

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

∂‘μ‘ß∫°“√‡ß‘π

FINANCIAL STATISTICS

Àπà«¬ : æ—π∫“∑ / Unit : Thousand Baht √ÿªº≈√“¬‰¥â®“°°“√¥”‡π‘πß“π REPORT ON OPERATION

2546 2003

2545 2002

2544 2001

2543 2000

2542 1999

2541 1998

686,762

747,129

732,134

740,788

661,104

585,068

97,615

91,347

93,422

73,830

73,853

99,545

456,935

488,841

470,469

484,932

450,419

421,817

99,448

114,221

86,653

91,652

82,139

89,729

176

418

596

1,423

1,338

36,190

34,627

39,480

39,676

31,776

20,879

191,775

200,611

228,536

197,762

169,200

150,850

15.98

16.72

19.04

16.48

14.10

12.57

5.70

6.05

5.60

5.25

4.00

2.75

666,527

651,611

497,332

426,857

354,448

285,979

76,599

94,848

89,311

85,528

114,383

71,484

152,212

126,257

110,058

78,154

82,659

95,257

√“¬‰¥â®“°°“√¢“¬ Sales

√“¬‰¥âÕ◊Ëπ Ê Other Revenues

μâπ∑ÿπ¢“¬ Cost of Goods Sold

§à“„™â®à“¬°“√¢“¬·≈–∫√‘À“√ Sales and Administrative Expenses

¥Õ°‡∫’È¬®à“¬ Interest Expenses

¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ Corporate Income Tax

°”‰√ ÿ∑∏‘ Net Profit

°”‰√ ÿ∑∏‘μàÕÀÿâπ (∫“∑) Net Profit Per Share (Baht)

‡ß‘πªíπº≈μàÕÀÿâπ (∫“∑) Dividend Per Share (Baht)

¡Ÿ≈§à“Àÿâπ∑’Ëμ√“‰«â (∫“∑) Par Value (Baht) Per Share

‘π∑√—æ¬å Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ

Assets, Liabilities and Shareholders Equity

‘π∑√—æ¬åÀ¡ÿπ‡«’¬π Current Assets

Àπ’È π‘ À¡ÿπ‡«’¬π Current Liabilities

∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å Land, Buildings and Equipment

Àπ’È ‘πμ“¡ —≠≠“‡™à“°“√‡ß‘π Liabilities under Financial Lease

730

à«π¢ÕßºŸâ∂◊ÕÀÿâπ Shareholders Equity

1,301,837

1,182,021

1,050,738

888,070

741,309

617,108

108.49

98.50

87.56

74.01

61.78

51.43

14.73

16.97

21.75

22.27

22.82

24.44

100,938

99,350

102,586

90,605

80,641

71,271

993

1,105

1,185

1,164

1,080

999

à«π¢ÕßºŸâ∂◊ÕÀÿâπμàÕÀÿâπ Shareholders Equity Per Share

Õ—μ√“º≈μÕ∫·∑π„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ (%) Shareholder Rate of Return (%)

¢âÕ¡Ÿ≈°“√®â“ßß“π

Employment Information

‡ß‘π‡¥◊Õπ§à“®â“ß Employee Expenses

®”π«πæπ—°ß“π (§π) Number of Employees

√“¬ß“πª√–®”ªï 2546 ∫√‘…—∑ ‡æ√´‘‡¥π∑å ‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

¥—™π’· ¥ß√“¬°“√μ“¡·∫∫·ºπ 56-2 À—«¢âÕ 1. ¢âÕ¡Ÿ≈∑—Ë«‰ª 1.1 ∫√‘…—∑ 1.2 π‘μ‘∫ÿ§§≈∑’Ë∫√‘…—∑∂◊ÕÀÿâπ μ—Èß·μà√âÕ¬≈– 10 ¢÷Èπ‰ª 1.3 ∫ÿ§§≈Õâ“ßÕ‘ßÕ◊ËπÊ 2. §”™’È·®ß¢Õßª√–∏“π°√√¡°“√À√◊Õ§≥–°√√¡°“√ 3. §”™’È·®ß¢Õß§≥–°√√¡°“√μ√«® Õ∫ 4. ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π‚¥¬ √ÿª¢Õß∫√‘…—∑ 4.1 ¢âÕ¡Ÿ≈®“°ß∫°“√‡ß‘π 4.2 Õ—μ√“ à«π∑“ß°“√‡ß‘π 5. ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘® 5.1 ‚§√ß √â“ß√“¬‰¥â 5.2 °“√‡ª≈’Ë¬π·ª≈ß„πªï∑’Ëºà“π¡“ 6. ¿“«–Õÿμ “À°√√¡·≈–°“√·¢àß¢—π 7. ºŸâ∂◊ÕÀÿâπ·≈–°“√®—¥°“√ 7.1 ºŸâ∂◊ÕÀÿâπ 7.2 ºŸâ∫√‘À“√ 7.3 §à“μÕ∫·∑πºŸâ∫√‘À“√ 8. ∫ÿ§§≈∑’Ë¡’º≈ª√–‚¬™πå√à«¡·≈–√“¬°“√√–À«à“ß°—π 9. ªí®®—¬§«“¡‡ ’Ë¬ß 10. ªí®®—¬Õ◊Ëπ∑’ËÕ“®¡’º≈°√–∑∫μàÕ°“√μ—¥ ‘π„®≈ß∑ÿπ 11. ¢âÕ¡Ÿ≈‡°’Ë¬«°—∫Àÿâπ°ŸâÀ√◊Õμ—Î«‡ß‘π ‡©æ“–°√≥’∫√‘…—∑∑’Ë‡§¬‡ πÕ¢“¬ Àÿâπ°ŸâÀ√◊Õμ—Î«‡ß‘π ·≈–Àÿâπ°Ÿâ À√◊Õμ—Î«‡ß‘π¥—ß°≈à“«¬—ß‰¡à‰¥â‰∂à∂Õπ 12. §”Õ∏‘∫“¬·≈–°“√«‘‡§√“–Àå¢ÕßΩÉ“¬®—¥°“√ 12.1 §«“¡‡À¡“– ¡¢Õß‚§√ß √â“ß‡ß‘π∑ÿπ §«“¡‡æ’¬ßæÕ¢Õß ¿“æ§≈àÕß §ÿ≥¿“æ ‘π∑√—æ¬å §«“¡ “¡“√∂„π°“√∑”°”‰√ ·≈–ª√– ‘∑∏‘¿“æ„π°“√¥”‡π‘πß“π 12.2 “‡Àμÿ¢Õß°“√‡ª≈’Ë¬π·ª≈ß√“¬°“√À√◊ÕÕ—μ√“ à«π∑’Ë ”§—≠ 12.3 √“¬°“√æ‘‡»…À√◊Õ√“¬°“√∑’Ë¡‘‰¥â‡°‘¥®“°°“√¥”‡π‘πß“πμ“¡ ª°μ‘ ·≈–¡’º≈μàÕ∞“π–°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“πÕ¬à“ß ¡’ “√– ”§—≠ 12.4 “‡Àμÿ∑’Ëº≈°“√¥”‡π‘πß“πªï≈à“ ÿ¥·μ°μà“ß®“°ªï°àÕπ À√◊Õ ª√–¡“≥°“√Õ¬à“ß¡’π—¬ ”§—≠ 12.5 °“√‡ª≈’¬Ë π·ª≈ß∑’ Ë ”§—≠∑’‡Ë °‘¥¢÷πÈ ¿“¬À≈—ß«—π∑’Ë„πß∫°“√‡ß‘π ≈à“ ÿ¥ ·≈–º≈°√–∑∫∑’ËÕ“®¡’μàÕ∞“π–°“√‡ß‘π·≈–º≈°“√ ¥”‡π‘πß“π 12.6 º≈°√–∑∫®“°°“√ª√—∫‚§√ß √â“ß°“√∂◊ÕÀÿπâ ¢Õß∫√‘…∑— „π°≈ÿ¡à 12.7 °“√§È”ª√–°—π„Àâ∫§ÿ §≈Õ◊πË Àπ’ È π‘ ∑’ÕË “®‡°‘¥¢÷πÈ °“√ºŸ°æ—π°“√ ≈ß∑ÿπ„π‚§√ß°“√À√◊Õ¿“√–ºŸ°æ—πÕ◊Ëπ„π≈—°…≥–‡¥’¬«°—π

INDEX OF REPORT IN ACCORDANCE INFORMATION CONTENTS

Àπâ“/Page

1. General Information 1.1 Company Profile 1.2 Juristic persons in which the company holds

89 -

at least 10% equit interest. 1.3 Others references

2. Statement from the president or Board of Directors

3. Statement of the Audit Committee

4. Financial Highlights 4.1 Figures from financial statements

4.2 Financial ratios

5. Business Nature

5.1 Revenue structure

5.2 Changes in the past year

6. Industry and Competition

7. Shareholders and Management 7.1 Shareholders

7.2 Management team

7.3 Management remuneration

8. Matual Interest and Connected Transactions

9. Risks Factors

10. Other Factor That May Impact Investors Decision

11. Information Concerning Debentunes or

Promissory Notes 12. Management Discussion and analysis 12.1 Capital structure suitability liquidity sufficiency

29 30

asset quality profitability and operation efficiency

12.2 Causes of changes in principal ratio

12.3 Extraordinary items that significantly effect the company’s financial position and performance

12.4 Causes of significant deviation of performance

from the previous year or the forecast 12.5 Significant changes occurred after the date in the

recent financial statements and results of business operation 12.6 Impact from the Groups Shareholding restructure

12.7 Guarantee commitment indebtedness to be incurred in the future investment commitment or

other commitments

13. ß∫°“√‡ß‘π

13 Financial Statements

ANNUAL REPORT 2003 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

∫√‘…—∑ ‡æ√´‘‡¥π∑å‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π) PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED

∫√‘…—∑ ‡æ√´‘‡¥π∑å‰√´å‚ª√¥—° å ®”°—¥ (¡À“™π)

”π—°ß“π„À≠à : 278 Õ“§“√∑’‡Õø ∂ππ»√’π§√‘π∑√å ·¢«ßÀ—«À¡“° ‡¢μ∫“ß°–ªî °√ÿß‡∑æœ 10240 ‚∑√. 0-2377 5145 ‚∑√ “√ (66) 2374 7956 ‚√ßß“πº≈‘μ : 115 ´Õ¬‰√à§ÿ≥‡æÁ≠ ∂ππ∑√ßæ≈ μ”∫≈ª“°·√μ Õ”‡¿Õ∫â“π‚ªÉß ®—ßÀ«—¥√“™∫ÿ√’ 70110 ‚∑√. 032-201 503-4 ‚∑√ “√ (66) 032-201 248 PRESIDENT RICE PRODUCTS PUBLIC COMPANY LIMITED Head Office : 278 T.F. Building Srinakarin Rd., Huamark, Bangkapi, Bangkok 10240 Tel. 0-2377 5145 Fax : (66) 2374 7956 Plant : 115 Soi Rai Khun Pen, Tumbol Pakrad, Amphoe Banpong, Ratchaburi Province 70110 Tel. 032-201 503-4 Fax : (66) 032-201 248