SET Releases

of receiving revenue. 8 years 8 years 8 years 2. Tax exempt for dividends as mentioned in article 1. 8 years 8 years 8 years 3. The deduction of 50% of normal corporate tax since the expiry date of promotional period. 5 years 5 years 5 years 4. The double amount of expenses for public utility. 10 years 10 years 10 years Beside the privilege, the company has to practice along the BOI regulation. 14. Business transaction with the related company The company has 74 domestic and export customers which are separated according to the age of accounts receivable. (Unit : Baht 1,000) Consolidated The company only September 30, 1999 September 30, 1998 Within credit term 137,037 139,876 Over due 1 - 3 months 7,624 7,624 Over due 3 - 6 months 4,585 4,585 Over due 6 12 months 2,800 2,800 Over due more than 12 months 5,192 5,192 Total 157,238 160,077 The company has made Baht 6.26 million of allowance for doubtful account. 15. Computer Development plan for the problem in the year 2000 The process of soulving the year 2000, the company has completely executed the plan and tested the system in September 1999. 16. Presentation The presentation of the financial statements ended September 30, 1998 has been reclassified in compliance with the Ministerial Regulation No. 7 (B.E. 1996) as empowered under the Public Limited Companies Act B.E. 2535 dated October 25, 1996 for comparative purposes with the financial statements of the third quarter ended September 30, 1999. 17. The alter of accounting principle The company had changed the accounting principle for evaluation of investment for securities for trading from "The Lower of aggregate cost or market value." to "Fair value" in accordance with "Thai accounting standards" chapter 40th accounting for investment in debt and equity securities. The result of the new accounting principle, the company gained Baht 14.73 million from adjusting the asset value which showed in the shareholders'.