SET Releases

(unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Balance Sheet . (In Thousands) Consolidated The company only ASSETS As of Sep.30, As of Dec.31, As of Sep.30, As of Dec.31, 2000 1999 2000 1999 Audited Audited Current assets Cash on hand and at banks 61,917 53,549 61,432 50,677 Fixed deposit 156,456 165,000 156,456 165,000 Trade accounts and notes receivable 242,866 241,785 236,930 242,158 Less allowance for doubtful accounts 183 5,538 183 5,538 Trade accounts and notes receivable, net 242,683 236,247 236,747 236,620 Short-term loans - Related parties 63,000 87,000 108,000 145,500 Inventories 323,233 192,374 315,484 180,789 Other current assets Accrued revenue 17,262 29,339 17,614 29,343 Advances 2,626 1,546 2,626 1,546 Others 3,037 2,932 2,662 3,238 Total current assets 870,214 767,987 901,021 812,713 Investments - Related parties 239,103 184,884 257,856 196,594 - Others 57,967 24,058 57,967 24,058 Property, plant and equipment, net 468,689 449,661 405,799 382,749 Other assets Advances - 23,089 - 23,089 Deferred charges 1,779 2,481 1,629 2,441 Others 4,313 4,122 4,294 4,103 Total assets 1,642,065 1,456,282 1,628,566 1,445,747 (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Balance Sheet (In Thousands) Consolidated The company only LIABILITIES AND SHAREHOLDERS' EQUITY As of Sep.30, As of Dec.31, As of Sep.30, As of Dec.31, 2000 1999 2000 1999 Audited Audited Current liabilities Bank overdrafts and loans from- financial institutions 373 331 13 331 Trade accounts and notes payable 213,857 151,822 209,466 42,853 Short-term loans from related parties 10,000 4,000 - - Other current liabilities Accrued income tax 10,336 13,050 10,336 13,050 Accrued expenses 6,748 37,771 6,828 38,728 Accrued bonus 31,077 14,658 30,484 14,370 Accrued royalty 10,649 11,211 10,649 11,211 Others 3,490 4,401 3,429 4,401 Total current liabilities 286,530 237,244 271,205 224,944 Debenture 300,000 300,000 300,000 300,000 Other liabilities 1,880 1,593 1,880 1,532 Total liabilities 588,410 538,837 573,085 526,476 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 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 31,200 26,200 31,200 26,200 Unappropriated 686,940 558,405 688,766 560,231 Minority interest * - - - - Unrealized gain (loss) for marketable securities 22,390 19,715 22,390 19,715 Total shareholders' equity 1,053,655 917,445 1,055,481 919,271 Total Liabilities and Shareholders' equity 1,642,065 1,456,282 1,628,566 1,445,747 Minority interest * (Baht) 379.63 239.62 - - (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Income Statement For the 3 months ending September 30, . (In Thousands) Consolidated The company only 2000 1999 2000 1999 Revenues Sales 417,704 311,160 399,803 305,626 Other income Profit on exchanges 6,985 7,665 5,462 7,513 Licensing income 2,995 2,142 2,995 2,142 Interest income 3,604 2,765 4,710 4,122 Consulting fee 10,558 13,989 10,558 13,926 Dividend income 63 - 63 - Others 5,708 4,876 6,017 6,666 Total revenues 447,617 342,597 429,608 339,995 Operating expenses Cost of sales 303,850 242,162 294,558 238,020 Selling and administrative expenses 51,385 37,529 50,124 36,948 Directors' remuneration 256 - 256 - Loss on exchanges 876 1,405 853 1,212 Licensing expenses 12,066 8,381 12,066 8,381 Interest expenses 6,360 4,875 6,264 4,752 Loss from impairment of assets - 27,606 - 25,637 Total operating expenses 374,793 321,958 364,121 314,950 Profit before income tax 72,824 20,639 65,487 25,045 Income tax 11,265 9,262 11,265 9,262 Profit before realization profit sharing- from Subsidiaries and- Associated companies 61,559 11,377 54,222 15,783 Add Profit (loss) sharing from Subsidiaries and- Associated companies - (426) 7,337 (4,832) Net profit from operating 61,559 10,951 61,559 10,951 Less Profit of minor Portion * - - - - Net profit 61,559 10,951 61,559 10,951 Earnings per share (Baht) 5.13 0.91 5.13 0.91 Profit of minor Portion * (Baht) 146.73 (88.12) - - (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Income Statement For the 9 months ending September 30, . (In Thousands) Consolidated The company only 2000 1999 2000 1999 Revenues Sales 1,098,871 835,568 1,071,725 827,545 Other income Profit on exchanges 15,388 13,579 13,697 13,242 Licensing income 7,710 7,057 7,710 7,057 Interest income 12,163 11,035 16,002 15,172 Consulting fee 57,338 31,268 57,338 31,268 Dividend income 16,509 9,263 16,509 9,263 Others 17,804 17,175 18,778 20,229 Total revenues 1,225,783 924,945 1,201,759 923,776 Operating expenses Cost of sales 806,848 644,730 793,392 640,600 Selling and administrative expenses 148,677 109,702 145,411 107,864 Directors' remuneration 3,612 2,640 3,612 2,640 Loss on exchanges 4,950 4,921 4,895 4,680 Loss from impairment of assets 1,101 27,606 1,058 25,637 Licensing expenses 34,835 28,420 34,835 28,420 Interest expenses 19,056 13,800 18,853 12,772 Total operating expenses 1,019,079 831,819 1,002,056 822,613 Profit before income tax 206,704 93,126 199,703 101,163 Income tax 31,169 13,461 31,169 13,461 Profit before realization profit sharing- from Subsidiaries and- Associated companies 175,535 79,665 168,534 87,702 Add Profit (loss) sharing from Subsidiaries and- Associated companies - (2,828) 7,001 (10,865) Net profit from operating 175,535 76,837 175,535 76,837 Less Profit of minor Portion * - - - - Net profit 175,535 76,837 175,535 76,837 Earnings per share (Baht) 14.63 6.40 14.63 6.40 Profit (loss) of minor Portion * (Baht) 140.01 (160.75) - - (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Changes in Shareholders' Equity Statement For the 9 months ending September 30, (In Thousands) Consolidated The company only 2000 1999 2000 1999 Share capital Common shares Beginning balance 120,000 120,000 120,000 120,000 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 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 Ending balance 12,000 12,000 12,000 12,000 General reserve Beginning balance 26,200 26,200 26,200 26,200 Increase 5,000 - 5,000 - Ending balance 31,200 26,200 31,200 26,200 Unappropriated Beginning balance 558,405 477,686 560,231 479,511 Net profit 175,535 76,837 175,535 76,837 General reserve (5,000) - (5,000) - Dividend payments (42,000) (30,000) (42,000) (30,000) Ending balance 686,940 524,523 688,766 526,348 Unrealized gain (loss) for marketable securities Beginning balance 19,715 - 19,715 - Increase 2,675 14,732 2,675 14,732 Ending balance 22,390 14,732 22,390 14,732 Total shareholders' equity 1,053,655 878,580 1,055,481 880,405 (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Cash Flow Statement For the 9 months ending September 30, (In Thousands) Consolidated The company only 2000 1999 2000 1999 Cash flows from operating activities Net profit (loss) 175,535 76,837 175,535 76,837 Add (less) adjustments Depreciation and amortization 35,050 40,125 30,564 33,460 (Profit) loss sharing from Subsidiaries and Associated companies - 2,828 (7,001) 10,865 Loss from investment - 900 - 900 Loss from impairment of assets 1,101 27,606 1,058 25,637 (Profit) Loss from disposal of fixed assets (1,363) (23) (1,360) (27) (Profit) Loss from disposal of securities (312) (841) (300) (841) Trade accounts and notes receivable (increase) decrease (6,436) 28,698 (127) 30,636 Inventories (increase) decrease (130,858) 8,877 (134,696) 7,929 Current assets (increase) decrease 10,892 (25,628) 11,224 (24,977) Other liabilities increase (decrease) 287 327 349 327 Trade accounts and notes payable increase (decrease) 62,035 (29,167) 66,613 (41,711) Accrued income tax increase (decrease) (2,714) 12,626 (2,714) 12,626 Other current liabilities increase (decrease) (16,079) 1,260 (17,321) 80 Net cash provided by operating activities 127,138 144,425 121,824 131,741 Cash flows from investing activities Fixed deposit (increase) decrease 8,544 (50,000) 8,544 (50,000) Short-term loans (increase) decrease - Related parties 24,000 25,100 37,500 29,535 Loans to employees (increase) decrease 6 2 6 2 Acquisition of securities - Related parties (52,444) (27,192) (52,444) (27,192) - Others (35,109) (96) (35,109) (96) Acquisition of fixed assets (31,346) (34,622) (30,924) (34,538) Disposal of fixed assets 2,572 512 2,572 512 Disposal of securities - Related parties - 21,860 - 21,860 - Others 1,312 - 1,300 - Other assets (increase) decrease (347) (2,319) (197) (2,135) Net cash used in investing activities (82,812) (66,755) (68,752) (62,052) (unaudited) (reviewed) Thanulux Public Company Limited and Subsidiaries Cash Flow Statement For the 9 months ending September 30, . (In Thousands) Consolidated The company only 2000 1999 2000 1999 Cash flows from financing activities Bank overdrafts and loans from financial institutions increase (decrease) 43 (198,046) (317) (199,601) Short - term loans - Related parties increase (decrease) 6,000 (25,489) - (12,489) Long-term liabilities - (12,600) - (12,600) Debenture - 300,000 - 300,000 Dividend payments (42,000) (30,000) (42,000) (30,000) Net cash provided by financing activities (35,957) 33,865 (42,317) 45,310 Net increase (decrease) in cash 8,369 111,535 10,755 114,999 Cash at beginning of period 53,548 21,630 50,677 16,768 Cash at end of period 61,917 133,165 61,432 131,767 Supplemental disclosures of cash flow information : Cash payment during the year Interest payment 30,194 10,576 25,973 9,810 Income tax 33,883 838 33,883 836