SET Releases

Licensing income 7,057 5,538 7,057 5,538 Interest income 11,035 21,630 15,172 25,673 Consulting fee 32,741 36,238 31,268 36,238 Profit on exchanges 13,579 195,068 13,242 166,900 Others 26,438 21,196 29,492 23,466 Total revenues 924,945 1,112,791 923,776 1,081,248 Operating expenses Cost of sales 644,730 630,829 640,600 631,609 Selling and administrative expenses 109,702 139,224 107,864 136,785 Interest expenses 13,800 23,232 12,772 22,770 Directors' remuneration 2,640 1,320 2,640 1,320 Licensing expenses 28,420 21,845 28,420 21,845 Loss on exchanges 4,921 168,204 4,680 148,899 Loss from impairment of assets 27,606 - 25,637 - Total operating expenses 831,819 984,654 822,613 963,228 Profit before income tax 93,126 128,137 101,163 118,020 Income tax 13,461 - 13,461 - Profit before realization from investment income based on the equity method 79,665 128,137 87,702 118,020 Add Investment income based on the equity method (2,828) 3,240 (10,865) 13,357 Net profit from operating 76,837 131,377 76,837 131,377 Less Profit of minor portion * - - - - Net profit of Thanulux's portion 76,837 131,377 76,837 131,377 Earnings per share (Baht) 6.40 10.95 6.40 10.95 * Profit of minor portion (Baht) (160.75) 202.35 - - (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Retained Earnings 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 Unappropriated retained earnings : Beginning balance 477,686 343,336 479,511 345,162 Less Appropriations : Dividends paid 30,000 18,000 30,000 18,000 Net profit for the period 76,837 131,377 76,837 131,377 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 retaine 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 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 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 477,686 343,336 479,511 345,162 Increase 76,837 131,377 76,837 131,377 Decrease 30,000 18,000 30,000 18,000 Ending balance 524,523 456,713 526,348 458,539 Unrealized gain (loss) for marketable securities Beginning balance - (7,259) - (7,259) Increase 14,732 (3,552) 14,732 (3,552) 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 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 Cash flows from operating activities Net profit (loss) 76,837 131,377 76,837 131,377 Add (less) adjustments Depreciation and amortization 40,125 37,340 33,460 31,231 Dividend of associated companies - 1,868 - 1,868 Loss from investment 900 1,050 900 1,050 Investment income based on the equity method 2,828 (3,240) 10,865 (13,357) Loss from impairment of assets 27,606 - 25,637 - (Profit) Loss from disposal of fixed assets (23) (2,115) (27) (2,109) (Profit) Loss from disposal of securities (841) 10,118 (841) 10,118 Trade accounts and notes receivable (increase) decrease 28,698 15,606 30,636 9,784 Inventories (increase) decrease 8,877 (52,060) 7,929 (47,070) Current assets (increase) decrease (25,628) (3,745) (24,977) (5,955) Other liabilities increase (decrease) 327 (424) 327 (424) Trade accounts and notes payable increase (decrease) (29,167) 60,903 (41,711) 58,755 Other current liabilities increase (decrease) 1,260 (13,647) 80 (11,108) Accrued income tax increase (decrease) 12,626 - 12,626 - Profit of minor portion - - - - Net cash provided by operating activities 144,425 183,031 131,741 164,160 (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Cash Flow 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 Cash flows from investing activities Fixed deposit (increase) decrease (50,000) - (50,000) - Short-term loans (increase) decrease - Related parties 25,100 39,267 29,535 35,227 - Others - 544 - 544 Loans to employees (increase) decrease 2 - 2 - Acquisition of securities - (increase) decrease - Related parties (27,192) (22,538) (27,192) (22,538) - Others (96) (750) (96) (750) Disposal of securities - (increase) decrease - Related parties 21,860 4,890 21,860 4,890 - Others - 2 - 2 Acquisition of fixed assets (34,622) (39,803) (34,538) (15,382) Disposal of fixed assets 512 2,372 512 2,372 Other assets (2,319) (1,312) (2,135) (1,133) Net cash used in investing activities (66,755) (17,328) (62,052) 3,232 Cash flows from financial activities Bank overdrafts and loans from financial institutions increase (decrease) (198,046) (68,977) (199,601) (68,387) Long-term liabilities and current portion of long - term liabilities increase (decrease) (12,600) (68,895) (12,600) (68,895) Short - term loans - Related parties increase (decrease) (25,489) (15,086) (12,489) (14,086) Debenture 300,000 - 300,000 - Dividend payments (30,000) (18,000) (30,000) (18,000) Net cash provided by financial activities 33,865 (170,958) 45,310 (169,368) (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Cash Flow 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 Net increase (decrease) in cash 111,535 (5,255) 114,999 (1,976) Cash at beginning of period 21,630 35,655 16,768 29,827 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 10,576 25,999 9,810 24,951 Income tax 838 2,241 836 1,572