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During 1997, the company get loss from investment by equity method amounting Baht 2,526,276.40 and last year accumulated profit from the investment as equity method amounting Baht 812,892.18. * The companies do not require fully pay for their sales share values. ** The company is in the process of setting up the factory, so it does not get revenue and loss. The company only As of December 31, 1998 the company possessed 8 marketable securities worth Baht 25,448,526.90 (market value Baht 33,828,318.80) and 42 unlisted securities worth Baht 192,641,419.77 (this value has included allowance for loss on investment amounting Baht 1,050,000.00), loss on investment by equity method worth Baht 27,896,650.43. Of the latter, there are 3 companies that do not require fully pay for their sales share values amounting Baht 1,800,000.00. The company only 1998 (Unit : 1,000) Company Name Type of Business Relationship Paid-up % of Investment Dividend Market price Share capital Investment Cost method Equity method As of Dec. 31 Subsidiary company Thanulux Kabinburi Co., Ltd. Garment Co-Director 35,000 99.99 34,999 16,047 - - Associated companies Puning Xie Zhong Garment Garment Co-Director US$ 2,400 33.33 24,242 14,087 - - Co., Ltd. International Commercial Apparel Co-Director HK$ 1,000 20.00 663 1,874 147 - Coordination (Hong Kong) Ltd. Related companies P.T. Mesapro International Garment and Co-Director US$ 800 19.00 3,817 - - - Leatherware Thai Hamilton Co. Ltd. Garment Co-Director 20,000 19.00 12,104 - 250 - Thai Monster Co., Ltd. Garment Co-Director 20,000 19.00 5,566 - 420 - Total Way Image Co., Ltd. Leatherware Co-Director 20,000 19.00 7,132 - 1,050 - International Leather Fashion Leatherware Co-Director 50,000 15.00 7,500 - - - Corp., Ltd. Thai Mitsuboshi Co., Ltd. Garment Co-Director 20,000 15.00 3,000 - 945 - Champ Ace Co., Ltd. Garment Co-Director 40,000 15.00 6,000 - 900 - Peoples Garment Public Garment Co-Director 72,000 13.78 9,920 - - 9,526 Co., Ltd. Thai Takaya Co., Ltd. Jeans Co-Director 30,000 11.00 3,300 - 215 - Thai Poron Co., Ltd. Garment Co-Director 20,000 10.00 2,000 - - - Ascot International Co., Ltd. Knitwear Co-Shareholder 21,000 7.62 1,600 - - - Grand Star Industry Co., Ltd. Cloth Co-Shareholder 20,000 7.50 1,500 - 375 - Belle Maison (Thailand) Direct Sale Co-Shareholder 20,000 7.00 * 1,400 - - - Co., Ltd. SSDC (Tigertex) Co., Ltd. Dyeing Co-Shareholder 875,000 5.48 19,597 - - - Woven Fabric Sunrise Garment Co., Ltd. Garment Co-Shareholder 6,500 5.38 385 - - - Thai Le Jour Co., Ltd. Garment Co-Shareholder 20,000 5.00 1,000 - - - Saha Info Technology Information Co-Shareholder 10,000 5.00 * 250 - 50 - Co., Ltd. Technology Thai Staflex Co., Ltd. Powernet Co-Shareholder 60,000 4.00 2,400 - - - Thai Gunze Co., Ltd. Garment Co-Shareholder 180,000 4.00 7,200 - 1,080 - Thai Nakamura Label Co., Ltd. Label Co-Shareholder 30,000 4.00 1,200 - - - Treasure Hill Co., Ltd. Golf Course Co-Shareholder 200,000 4.00 6,300 - - - Value Added Textile Co., Ltd. Embroidery Co-Shareholder 50,000 3.00 1,500 - - - Thai Shikibo Co., Ltd. Cotton Yarn Co-Shareholder 187,500 3.00 5,625 - - - Sahapat Realestate Co., Ltd. Land Co-Shareholder 500,000 2.50 12,500 - - - Development Thai Janome Co., Ltd. Sewing MachineCo-Shareholder 88,000 2.00 1,760 - 238 - Sahapat Properties Co., Ltd. Land Co-Shareholder 20,000 1.00 200 - - - Development Thai Itokin Co., Ltd. Garment Co-Director 100,000 1.00 1,411 - - - I.C.C. International Public Cosmetics and Co-Director 290,634 0.99 13,214 - 263 20,626 Co., Ltd. Apparel Racha Uchino Co., Ltd. Cotton Towels Co-Director 81,000 0.49 163 - - - Far East Advertising Public Advertising Co-Shareholder 25,000 0.35 505 - 4 690 Co., Ltd. Textile Prestige Public Co., Ltd . EmbroideryLaceCo-Shareholder 108,000 0.35 285 - - 513 O.C.C. Public Co., Ltd. Consumer Co-Shareholder 60,000 0.13 41 - - 74 Products Saha Pathana Inter-Holding Investment Co-Director 494,034 0.08 724 - - 760 Public Co., Ltd. Saha Pathanapibul Public Consumer Co-Shareholder 275,875 0.07 495 - - 740 Co., Ltd. Products Total 201,498 32,008 5,937 32,929 During 1998, the company get revenue from investment by equity method amounting Baht 8,248,160.73 The company only 1997 Company Name Type of Business Relationship Paid-up % of Investment Dividend Market price Share capital Investment Cost method Equity method As of Dec. 31 Subsidiary companies Thanulux Kabinburi Co., Ltd. Garment Co-Director 35,000 99.99 34,999 9,554 - - Kunming Shenjian Fashion Garment and Co-Director US$ 500 90.00 ** 11,445 - - - Dress Co., Ltd. Leatherware Associated companies Puning Xie Zhong Garment Garment Co-Director US$ 2,400 33.33 24,242 18,340 - - Co., Ltd. Thai Hamilton Co. Ltd. Garment Co-Director 20,000 25.00 7,424 10,940 250 - Thai Monster Co., Ltd. Garment Co-Director 20,000 21.00 4,677 6,116 840 - Total Way Image Co., Ltd. Leatherware Co-Director 20,000 21.00 4,344 7,935 1,470 - International Commercial Apparel Co-Director HK$ 1,000 20.00 663 2,702 - - Coordination (Hong Kong) Ltd. Related companies P.T. Mesapro International Garment and Co-Director US$ 800 19.00 3,817 - - - Leatherware Thai Cest Bien Co., Ltd. Fashion Co-Director 35,000 18.00 * 6,300 - - - Accessory International Leather Fashion Leatherware Co-Director 50,000 15.00 7,500 - 1,125 - Corp., Ltd. Thai Mitsuboshi Co., Ltd. Garment Co-Director 20,000 15.00 3,000 - - - Champ Ace Co., Ltd. Garment Co-Director 40,000 15.00 6,000 - - - Thai Hishiya Co., Ltd. Necktie Co-Director 6,000 15.00 * 630 - - - Peoples Garment Public Garment Co-Director 72,000 13.75 9,900 - 1,386 5,544 Co., Ltd. Thai Takaya Co., Ltd. Jeans Co-Director 30,000 11.00 3,300 - 330 - Thai Poron Co., Ltd. Garment Co-Director 20,000 10.00 2,000 - - - Ascot International Co., Ltd. Knitwear Co-Shareholder 21,000 7.62 1,600 - - - Grand Star Industry Co., Ltd. Cloth Co-Shareholder 20,000 7.50 1,500 - 180 - Belle Maison (Thailand) Direct Sale Co-Shareholder 20,000 7.00 * 1,400 - - - Co., Ltd. Sunrise Garment Co., Ltd. Garment Co-Shareholder 20,000 7.00 1,435 - - - Thai Le Jour Co., Ltd. Garment Co-Shareholder 20,000 5.00 1,000 - - - Saha Info Technology Information Co-Shareholder 10,000 5.00 * 250 - - - Co., Ltd. Technology Thai Staflex Co., Ltd. Powernet Co-Shareholder 60,000 4.00 2,400 - - - Thai Gunze Co., Ltd. Garment Co-Shareholder 180,000 4.00 7,200 - - - Thai Nakamura Label Co., Ltd. Label Co-Shareholder 30,000 4.00 1,200 - - - Value Added Textile Co., Ltd. Embroidery Co-Shareholder 50,000 3.00 1,500 - - - Thai Shikibo Co., Ltd. Cotton Yarn Co-Shareholder 187,500 3.00 5,625 - - - Sahapat Realestate Co., Ltd. Land Co-Shareholder2,000,000 2.50 * 12,500 - 375 - Development Treasure Hill Co., Ltd. Golf Course Co-Shareholder 200,000 2.00 4,000 - - - Thai Janome Co., Ltd. Sewing Machine Co-Shareholder 88,000 2.00 1,760 - 211 - Siam Shikibo Dyeing Co., Ltd. Dyeing Co-Shareholder 375,000 2.00 7,500 - - - Woven Fabric Sahapat Properties Co., Ltd. Land Co-Shareholder 20,000 1.00 200 - - - Development I.C.C. International Public Cosmetics and Co-Director 147,076 0.89 7,793 - 658 5,264 Co., Ltd. Apparel Saha Pathana Inter-Holding Investment Co-Director 494,034 0.09 2,090 - 87 1,311 Public Co., Ltd. Far East Advertising Public Advertising Co-Shareholder 25,000 0.04 202 - 12 66 Co., Ltd. Boutique Newcity Public Apparel Co-Shareholder 120,000 0.02 124 - 2 7 Co., Ltd. Total 191,518 55,587 6,926 12,192 During 1997, the company get loss from investment by equity method amounting Baht 27,465,072.97 and last year accumulated profit from the investment as equity method amounting Baht 812,892.18. * The companies do not require fully pay for their sales share values. ** The company is in the process of setting up the factory, so it does not get revenue and loss. Investments-Others Investments in marketable securities comprise : Public Limited Companies 1998 1997 % of Investment % of Investment Investment Investment 1. Thai Toray Textile Mill 0.50 265,320.00 0.50 265,320.00 Investments in unlisted securities comprise : Limited Companies 1998 1997 % of Investment % of Investment Investment Investment 1. Thai Pleats 12.50 1,000,000.00 12.50 1,000,000.00 2. Builton (Thailand) 10.00 * 250,000.00 10.00 * 250,000.00 3. Miwaki SDN. BHD. 10.00 368,900.00 - - 4. Pan Asia Leather 5.00 5,000,000.00 5.00 5,000,000.00 5. The International Knitting Mills 3.75 1,500,000.00 3.75 1,500,000.00 6. Sunlots Enterprise 3.50 3,500,000.00 3.50 3,500,000.00 7. Khonkaen Vithes Suksa 1.67 1,000,000.00 1.67 * 250,000.00 8. Eastern Rubber 1.50 450,000.00 1.50 450,000.00 9. Thai Rung Rueng Weaving Factory - - 1.36 3,551,180.27 10. Thanara 1.25 750,000.00 1.25 750,000.00 11. Adventage Footwear 0.75 1,387,500.00 0.75 1,387,500.00 12. Sigma Holding 0.46 120,000.00 0.46 120,000.00 13. Praram 9 Hospital 0.25 1,000,000.00 0.25 1,000,000.00 Total investments 16,326,400.00 18,758,680.27 Total investments-Others 16,591,720.00 19,024,000.27 * The companies do not require fully pay for their sales share values. 8. Property, Plant and Equipment, net consist of (Unit : Baht 1,000) Consolidated The company only 1998 1997 1998 1997 Land 125,563 124,832 125,563 124,832 Land development cost 5,569 5,814 5,519 5,764 Buildings and construction 266,737 242,492 205,932 205,932 Machinery 175,383 176,111 157,310 158,037 Furniture and equipment 79,307 75,737 78,043 74,497 Vehicles 10,181 1,886 10,181 1,886 Furniture and fixtures 105,748 102,825 94,995 92,326 Constructions in progress 14,720 4,596 14,776 4,567 Total 783,208 734,293 692,319 667,841 Less accumulated depreciation 351,304 314,162 334,193 304,182 Net value 431,904 420,131 358,126 363,659 Add Leasehold (net) 20,112 21,027 20,112 21,027 Grand total 452,016 441,158 378,238 384,686 Total depreciation for year 44,713 37,587 9. Bank overdrafts and Loans from Financial Institutions consist of (Unit : Baht 1,000) Consolidated The company only 1998 1997 1998 1997 Bank overdrafts 1,268 8,218 1,268 7,628 Trust receipts 6,627 - 6,627 - Packing credit 13,711 - 13,458 - Promissory notes at call 178,681 285,336 178,681 285,336 Total 200,287 293,554 200,034 292,964 As of December 31, 1998 and 1997, the company received credits from 12 and 13 commercial banks comprising of bank overdrafts of Baht 122.02 million and Baht 120.02 million, letters of credit and trust receipts Baht 55.45 million and Baht 67.0 million, packing credits Baht 131.0 million and Baht 66.0 million, cheque discount Baht 1.0 million, promissory notes Baht 273.78 million (US$ 2.0 million facility included in this amount) and Baht 397.67 million and letters of guarantee Baht 111.0 million and Baht 116.0 million, respectively. In addition, the company also received forex line US$ 2.0 million (or Baht 73.78 million) and Baht 95.11 million and forward line US$ 10.93 million (or Baht 403.21 million) and Baht 118.89 million, respectively and in 1997 export line Baht 25.0 million. And the subsidiary company received credits from a commercial banks comprising of bank overdrafts of Baht 4.0 million and letters of credit and trust receipts Baht 5.0 million and letters of guarantee Baht 1.0 million. (more)