SET Releases

(unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Balance Sheet As of September 30, (In Thousands) Consolidated The company only ASSETS 1999 1998 1999 1998 Current assets Cash on hand and at banks 133,165 30,400 131,767 27,851 Fixed deposit 50,000 - 50,000 - Trade accounts and notes receivable 158,011 174,129 160,077 179,157 Less allowance for doubtful accounts (6,258) (13,669) (6,258) (13,669) Trade accounts and notes receivable, (net) 151,753 160,460 153,819 165,488 Short-term loans Related parties 112,400 157,300 173,400 222,735 Inventories 206,079 232,096 197,175 220,957 Other current assets Accrued revenue 32,930 12,356 32,935 13,102 Others 10,780 7,996 10,738 7,703 Total current assets 697,107 600,608 749,834 657,836 Investment Related parties 161,584 162,857 169,594 182,528 Others 4,346 16,223 4,346 16,223 Property, plant and equipment, (net) 449,465 445,119 381,359 369,420 Other assets Deposit 23,089 23,089 23,089 23,089 Deferred charges 966 4,611 1,123 1,808 Others 1,340 1,301 1,325 1,286 Total assets 1,337,897 1,253,808 1,330,670 1,252,190 (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Balance Sheet As of September 30, (In Thousands) Consolidated The company only LIABILITIES AND SHAREHOLDERS' EQUITY 1999 1998 1999 1998 Current liabilities Bank overdrafts and loansfrom financial institutions 2,241 224,577 433 224,577 Trade accounts and notes payable 111,834 168,921 105,665 168,516 Current portion of long-term liabilities - 9,295 - 9,295 Short-term loans from related parties - 31,415 - 27,914 Other current liabilities Accrued income tax 12,625 - 12,625 - Accrued expenses 22,355 6,858 20,391 7,418 Accrued royalty 7,517 7,143 7,517 7,143 Others 1,368 6,451 2,257 6,353 Total current liabilities 157,940 454,660 148,888 451,216 Debenture 300,000 - 300,000 - Long - term liabilities - 11,900 - 11,900 Other liabilities 1,377 958 1,377 958 Total liabilities 459,317 467,518 450,265 464,074 Minority interest * - - - - Shareholders' equity Share capital Authorized share capital, common shares 12,000,000 shares Par value Baht 10.00 per share 120,000 120,000 120,000 120,000 Issued and paid-up share capital 120,000 120,000 120,000 120,000 Paid-in capital Premium on share capital 181,125 181,125 181,125 181,125 Retained earnings Appropriated Legal reserve 12,000 12,000 12,000 12,000 General reserve 26,200 26,200 26,200 26,200 Unappropriated 524,523 456,713 526,348 458,539 Unrealized gain (loss) for marketable securities 14,732 (9,748) 14,732 (9,748) Total shareholders' equity 878,580 786,290 880,405 788,116 Total Liabilities and Shareholders' equity 1,337,897 1,253,808 1,330,670 1,252,190 Minority interest (Baht) * 164.26 397.51 - - (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Income Statement For the quarter 3 ending September 30, (In Thousands) Consolidated The company only 1 Jul- 1 Jul- 1 Jul- 1 Jul- 30Sep 1999 30Sep 1998 30Sep 1999 30Sep 1998 Revenues Sales 309,750 333,113 305,626 324,817 Other income Licensing income 2,142 2,279 2,142 2,279 Interest income 2,765 6,289 4,122 8,203 Consulting fee 15,399 13,960 13,926 13,960 Profit on exchanges 7,665 35,936 7,513 30,029 Others 4,876 6,321 6,666 7,493 Total revenues 342,597 397,898 339,995 386,781 Operating expenses Cost of sales 242,162 266,039 238,020 261,493 Selling and administrative expenses 37,529 57,003 36,948 55,531 Interest expenses 4,875 7,031 4,752 6,887 Licensing expenses 8,381 3,408 8,381 3,408 Loss on exchanges 1,405 23,008 1,212 21,531 Loss from impairment of assets 27,606 - 25,637 - Total operating expenses 321,958 356,489 314,950 348,850 Profit before income tax 20,639 41,409 25,045 37,931 Income tax 9,262 - 9,262 - Profit before realization from investment income based on the equity method 11,377 41,409 15,783 37,931 Add Investment income based on the equity method (426) (1,393) (4,832) 2,085 Net profit from operating 10,951 40,016 10,951 40,016 Less Profit of minor portion * - - - - Net profit of Thanulux's portion 10,951 40,016 10,951 40,016 Earnings per share (Baht) 0.91 3.33 0.91 3.33 *Profit of minor portion (Baht) 88.12 69.57 - - (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Retained Earnings Statement For the quarter 3 ending September 30, (In Thousands) Consolidated The company only 1Jul- 1Jul- 1Jul- 1Jul- 30Sep 1999 30Sep 1998 30Sep 1999 30Sep 1998 Unappropriated retained earnings : Beginning balance 513,572 417,480 515,397 419,306 Add Adjustment - (783) - (783) 513,572 416,697 515,397 418,523 Net profit for the period 10,951 40,016 10,951 40,016 Total unappropriated retained earnings 524,523 456,713 526,348 458,539 Appropriated retained earnings : Legal reserve 12,000 12,000 12,000 12,000 General reserve 26,200 26,200 26,200 26,200 Total appropriated retained earnings 38,200 38,200 38,200 38,200 Total retained earnings 562,723 494,913 564,548 496,739 (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Changes in Shareholders' Equity Statement For the quarter 3 ending September 30, (In Thousands) Consolidated The company only 1Jul- 1Jul- 1Jul- 1Jul- 30Sep 1999 30Sep 1998 30Sep 1999 30Sep 1998 Share capital Common shares Beginning balance 120,000 120,000 120,000 120,000 Increase - - - - Decrease - - - - Ending balance 120,000 120,000 120,000 120,000 Paid-in capital Premium on share capital Beginning balance 181,125 181,125 181,125 181,125 Increase - - - - Decrease - - - - Ending balance 181,125 181,125 181,125 181,125 Retained earnings Appropriated Legal reserve Beginning balance 12,000 12,000 12,000 12,000 Increase - - - - Decrease - - - - Ending balance 12,000 12,000 12,000 12,000 General reserve Beginning balance 26,200 26,200 26,200 26,200 Increase - - - - Decrease - - - - Ending balance 26,200 26,200 26,200 26,200 Unappropriated Beginning balance 513,572 417,480 515,397 419,306 Increase 10,951 40,016 10,951 40,016 Decrease - (783) - (783) Ending balance 524,523 456,713 526,348 458,539 Unrealized gain (loss) for marketable securities Beginning balance - (10,811) - (10,811) Increase 14,732 - 14,732 - Decrease - 1,063 - 1,063 Ending balance 14,732 (9,748) 14,732 (9,748) Total shareholders' equity 878,580 786,290 880,405 788,116 (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Cash Flow Statement Forthe quarter3 ending September 30, (In Thousands) Consolidated The company only 1 Jul- 1 Jul- 1 Jul- 1 Jul- 30Sep 1999 30Sep 1998 30Sep 1999 30Sep 1998 Cash flows from operating activities Net profit (loss) 10,951 40,016 10,951 40,016 Add (less) adjustments Depreciation and amortization 15,088 12,663 12,843 10,418 Investment income based on the equity method 426 1,393 4,832 (2,085) Loss from impairment of assets 27,606 - 25,637 - (Profit) Loss from disposal of fixed assets (9) (1,928) (12) (1,925) (Profit) Loss from disposal of securities (975) 10,118 (975) 10,118 Trade accounts and notes receivable (increase) decrease (10,241) 13,191 (11,194) 14,465 Inventories (increase) decrease 22,358 12,516 22,461 7,517 Current assets (increase) decrease (12,308) 1,594 (12,469) 1,178 Other liabilities increase (decrease) 123 58 123 58 Trade accounts and notes payable increase (decrease)6,667 (4,025) 3,980 (3,664) Other current liabilities increase (decrease) 8,095 (3,648) 7,996 (3,275) Accrued income tax increase (decrease) 8,992 - 8,992 - Profit of minor portion - - - - Net cash provided by operating activities 76,773 81,948 73,165 72,821 (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Cash Flow Statement For the quarter 3 ending September 30, (In Thousands) Consolidated The company only 1 Jul- 1 Jul- 1 Jul- 1 Jul- 30Sep 1999 30Sep 1998 30Sep 1999 30Sep 1998 Cash flows from investing activities Fixed deposit (increase) decrease (50,000) - (50,000) - Short-term loans (increase) decrease - Related parties (17,400) (230) (38,700) 7,265 Loans to employees (increase) decrease 2 5 2 5 Acquisition of securities - (increase) decrease - Related parties (26,842) (13,591) (26,842) (13,591) - Others (96) (750) (96) (750) Disposal of securities - (increase) decrease - Related parties 6,494 4,890 6,494 4,890 - Others - 2 - 2 Acquisition of fixed assets (1,762) (8,510) (1,716) (8,293) Disposal of fixed assets 16 2,037 16 2,037 Other assets (2,153) (172) (2,107) (127) Net cash used in investing activities (91,741) (16,319) (112,949) (8,562) Cash flows from financial activities Bank overdrafts and loans from financial institutions increase (decrease) (143,985) (54,465) (143,686) (54,201) Long-term liabilities and current portion of long - term liabilities increase (decrease) (11,900) (13,400) (11,900) (13,400) Short - term loans - Related parties increase (decrease) (25,000) (4,428) - (4,428) Debenture 300,000 - 300,000 - Net cash provided by financial activities 119,115 (72,293) 144,414 (72,029) Net increase (decrease) in cash 104,147 (6,664) 104,630 (7,770) Cash at beginning of period 29,018 37,064 27,137 35,621 Cash at end of period 133,165 30,400 131,767 27,851 Supplemental disclosures of cash flow information : Cash payment during the year Interest payment 548 6,894 1,303 6,406 Income tax 269 1,319 270 650 (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Income Statement For 9 months ending September 30, (In Thousands) Consolidated The company only 1 Jan- 1 Jan- 1 Jan- 1 Jan- 30Sep 1999 30Sep 1998 30Sep 1999 30Sep 1998 Revenues Sales 834,095 833,121 827,545 823,433 Other income (more)