SET Releases

Thanulux Public Company Limited and Subsidiaries Balance Sheet As of December 31, Consolidated The company only ASSETS 2000 (Baht) 1999 (Baht) 2000 (Baht) 1999 (Baht) Current assets Cash on hand and at banks 60,295,893.98 53,548,469.40 58,292,251.71 50,677,393.02 Fixed deposit (Note 4) 157,571,177.27 165,000,000.00 157,571,177.27 165,000,000.00 Trade accounts and notes receivable (Notes 3,5 ) 305,143,587.10 241,784,689.39 311,641,838.96 242,157,743.90 Less allowance for doubtful accounts 171,130.12 5,537,503.93 171,130.12 5,537,503.93 Trade accounts and notes receivable, net 304,972,456.98 236,247,185.46 311,470,708.84 236,620,239.97 Short-term loans (Note6 ) - Related parties 63,000,000.00 87,000,000.00 104,800,000.00 145,500,000.00 Inventories (Notes 3,7 ) 273,314,933.76 192,374,589.45 264,876,131.98 180,788,429.74 Other current assets Accrued revenue 13,169,616.25 29,339,115.67 13,491,481.35 29,342,866.37 Advances 376,178.44 1,545,987.53 376,178.44 1,545,987.53 Others 5,190,301.86 2,931,979.03 4,895,269.02 3,237,818.12 Total current assets 877,890,558.54 767,987,326.54 915,773,198.61 812,712,734.75 Investments (Notes 3,8 ) - Related parties 285,795,204.87 184,884,093.56 307,261,182.13 196,594,514.33 - Others 58,251,838.50 24,057,862.50 58,251,838.50 24,057,862.50 Property, plant and equipment, net (Notes 3,9 ) 479,718,307.81 451,873,308.38 417,926,530.10 384,920,754.45 Other assets Advances - 23,088,665.75 - 23,088,665.75 Deferred charges 150,916.29 268,944.29 150,916.29 268,944.29 Others 4,589,054.02 4,122,798.46 4,570,177.96 4,103,307.96 Total assets 1,706,395,880.03 1,456,282,999.48 1,703,933,843.59 1,445,746,784.03 Notes to the financial statements are part of all the financial statements. Thanulux Public Company Limited and Subsidiaries Balance Sheet As of December 31, Consolidated The company only LIABILITIES AND SHAREHOLDERS' EQUITY 2000 (Baht) 1999 (Baht) 2000 (Baht) 1999 (Baht) Current liabilities Bank overdrafts and loans from financial institutions (Note 10 ) 2,747,776.49 330,713.62 2,747,776.49 330,713.62 Trade accounts and notes payable 152,897,366.96 151,821,909.54 161,075,291.31 142,853,449.91 Short-term loans from related parties (Note 11) 10,000,000.00 4,000,000.00 - - Other current liabilities Accrued income tax 25,566,578.24 13,049,624.04 25,566,578.24 13,049,624.04 Accrued expenses 39,652,219.16 52,429,091.65 37,187,203.12 53,097,601.32 Accrued royalty 12,650,289.17 11,211,416.84 12,650,289.17 11,211,416.84 Others 9,016,340.34 4,401,241.42 9,016,340.34 4,401,241.42 Total current liabilities 252,530,570.36 237,243,997.11 248,243,478.67 224,944,047.15 Debenture (Note 12) 300,000,000.00 300,000,000.00 300,000,000.00 300,000,000.00 Other liabilities 1,253,095.46 1,593,226.34 1,253,095.46 1,531,711.34 Total liabilities 553,783,665.82 538,837,223.45 549,496,574.13 526,475,758.49 Shareholders' equity Share capital Authorized share capital, common shares 12,000,000 shares Par value Baht 10.00 per share 120,000,000.00 120,000,000.00 120,000,000.00 120,000,000.00 Issued and paid-up share capital 120,000,000.00 120,000,000.00 120,000,000.00 120,000,000.00 Premium on share capital 181,125,000.00 181,125,000.00 181,125,000.00 181,125,000.00 Retained earnings Appropriated Legal reserve 12,000,000.00 12,000,000.00 12,000,000.00 12,000,000.00 General reserve 31,200,000.00 26,200,000.00 31,200,000.00 26,200,000.00 Unappropriated 752,166,979.32 558,405,371.18 753,992,468.45 560,230,860.31 Minority interest 433.88 239.62 - - Unrealized gain for marketable securities 56,119,801.01 19,715,165.23 56,119,801.01 19,715,165.23 Total shareholders' equity 1,152,612,214.21 917,445,776.03 1,154,437,269.46 919,271,025.54 Total Liabilities and Shareholders' equity 1,706,395,880.03 1,456,282,999.48 1,703,933,843.59 1,445,746,784.03 Notes to the financial statements are part of all the financial statements. Thanulux Public Company Limited and Subsidiaries Income Statement For the year ended December 31, . Consolidated The company only Revenues 2000 (Baht) 1999 (Baht) 2000 (Baht) 1999 (Baht) Sales 1,612,710,304.93 1,227,323,492.95 1,594,253,109.01 1,215,829,920.75 Other income Licensing income 11,020,220.71 10,050,047.70 11,020,220.71 10,050,047.70 Interest income 16,301,151.22 17,247,429.54 21,084,034.04 22,892,366.71 Profit on exchanges 20,116,613.71 13,837,181.71 17,827,007.47 13,471,307.26 Consulting fee 64,014,382.91 53,801,552.97 64,014,382.91 53,801,552.97 Others 42,790,867.15 32,888,313.41 43,742,211.52 35,197,984.49 Total revenues 1,766,953,540.63 1,355,148,018.28 1,751,940,965.66 1,351,243,179.88 Operating expenses Cost of sales 1,188,346,277.85 947,165,009.77 1,189,827,946.68 942,550,485.16 Selling and administrative expenses 188,353,091.92 171,452,160.58 181,977,196.18 169,007,163.16 Loss on exchanges 8,170,601.53 9,215,390.78 8,116,180.31 9,215,390.78 Interest expenses 25,394,617.13 20,670,660.73 25,086,441.04 19,572,612.79 Licensing expenses 50,216,948.62 40,951,881.11 50,216,948.62 40,951,881.11 Directors' remuneration 3,863,000.00 2,640,000.00 3,863,000.00 2,640,000.00 Loss from impairment of assets 14,329,932.46 17,743,162.85 14,287,332.46 17,726,600.35 Other expenses 494,463.72 16,848,840.55 494,463.72 16,848,840.55 Total operating expenses 1,479,168,933.23 1,226,687,106.37 1,473,869,509.01 1,218,512,973.90 Profit before income tax 287,784,607.40 128,460,911.91 278,071,456.65 132,730,205.98 Income tax 47,022,805.00 14,912,799.00 47,022,805.00 14,912,799.00 Profit before realization sharing from Subsidiary company and Related company 240,761,802.40 113,548,112.91 231,048,651.65 117,817,406.98 Add Profit (loss) sharing from Subsidiary company and Related company - (2,828,119.79) 9,712,956.49 (7,097,328.47) Net profit from operating 240,761,802.40 110,719,993.12 240,761,608.14 110,720,078.51 Add Profit (loss) of minor Portion (194.26) 85.39 - - Net profit 240,761,608.14 110,720,078.51 240,761,608.14 110,720,078.51 Earnings per share 20.06 9.23 20.06 9.23 Notes to the financial statements are part of all the financial statements. Thanulux Public Company Limited and Subsidiaries Retained Earnings Statement For the year ended December 31, Consolidated The company only 2000 (Baht) 1999 (Baht) 2000 (Baht) 1999 (Baht) Unappropriated retained earnings : Beginning balance 558,405,371.18 477,685,292.67 560,230,860.31 479,510,781.80 Less Appropriations : General reserve 5,000,000.00 - 5,000,000.00 Dividends paid 42,000,000.00 30,000,000.00 42,000,000.00 30,000,000.00 Net profit for the year 240,761,608.14 110,720,078.51 240,761,608.14 110,720,078.51 Unappropriated retained earnings 752,166,979.32 558,405,371.18 753,992,468.45 560,230,860.31 Appropriated retained earnings : Legal reserve 12,000,000.00 12,000,000.00 12,000,000.00 12,000,000.00 General reserve 31,200,000.00 26,200,000.00 31,200,000.00 26,200,000.00 Total appropriated retained earnings 43,200,000.00 38,200,000.00 43,200,000.00 38,200,000.00 Total retained earnings 795,366,979.32 596,605,371.18 797,192,468.45 598,430,860.31 Notes to the financial statements are part of all the financial statements. Thanulux Public Company Limited and Subsidiaries Changes in Shareholders' Equity Statement For the year ended December 31, Consolidated The company only 2000 (Baht) 1999 (Baht) 2000 (Baht) 1999 (Baht) Share capital Common shares Beginning balance 120,000,000.00 120,000,000.00 120,000,000.00 120,000,000.00 Ending balance 120,000,000.00 120,000,000.00 120,000,000.00 120,000,000.00 Paid-in capital Premium on share capital Beginning balance 181,125,000.00 181,125,000.00 181,125,000.00 181,125,000.00 Ending balance 181,125,000.00 181,125,000.00 181,125,000.00 181,125,000.00 Retained earnings Appropriated Legal reserve Beginning balance 12,000,000.00 12,000,000.00 12,000,000.00 12,000,000.00 Ending balance 12,000,000.00 12,000,000.00 12,000,000.00 12,000,000.00 General reserve Beginning balance 26,200,000.00 26,200,000.00 26,200,000.00 26,200,000.00 Increase 5,000,000.00 - 5,000,000.00 - Ending balance 31,200,000.00 26,200,000.00 31,200,000.00 26,200,000.00 Unappropriated Beginning balance 558,405,371.18 477,685,292.67 560,230,860.31 479,510,781.80 Increase 240,761,608.14 110,720,078.51 240,761,608.14 110,720,078.51 Decrease 47,000,000.00 30,000,000.00 47,000,000.00 30,000,000.00 Ending balance 752,166,979.32 558,405,371.18 753,992,468.45 560,230,860.31 Minority interest Beginning balance 239.62 325.01 - - Increase 194.26 - - - Decrease - 85.39 - - Ending balance 433.88 239.62 - - Unrealized gain for marketable securities Beginning balance - - - - Increase 56,119,801.01 19,715,165.23 56,119,801.01 19,715,165.23 Decrease - - - - Ending balance 56,119,801.01 19,715,165.23 56,119,801.01 19,715,165.23 Total shareholders' equity 1,152,612,214.21 917,445,776.03 1,154,437,269.46 919,271,025.54 Notes to the financial statements are part of all the financial statements. Thanulux Public Company Limited and Subsidiaries Cash Flow Statement For the year ended December 31, Consolidated The company only 2000 (Baht) 1999 (Baht) 2000 (Baht) 1999 (Baht) Cash flows from operating activities Net profit (loss) 240,761,608.14 110,720,078.51 240,761,608.14 110,720,078.51 Add (less) adjustments Profit of minor portion 194.26 (85.39) - - Depreciation and amortization 49,365,952.49 55,190,208.59 43,326,942.09 44,595,384.65 Profit (loss) sharing from Subsidiary company and Related company - 2,828,119.79 (9,712,956.49) 7,097,328.47 Loss from investment - 900,000.00 - 900,000.00 Loss from impairment of assets 14,329,932.46 17,743,162.85 14,287,332.46 17,726,600.35 (Profit) Loss from disposal of fixed assets (1,658,181.97) (88,029.04) (1,653,816.05) (89,477.78) (Profit) Loss from disposal of securities 137,267.50 14,941,919.42 149,580.00 14,941,919.42 Trade accounts and notes receivable (increase) decrease (68,725,271.52) (55,796,821.37) (74,850,468.87) (52,165,571.02) Inventories (increase) decrease (80,940,344.31) 22,581,860.70 (84,087,702.24) 24,315,497.92 Current assets (increase) decrease 15,080,985.68 (18,476,027.59) 15,363,743.21 (18,168,753.09) Other liabilities increase (decrease) (340,130.88) 543,286.12 (278,615.88) 481,771.12 Trade accounts and notes payable increase (decrease) 1,075,457.42 10,820,392.90 18,221,841.40 (4,521,920.44) Accrued income tax increase (decrease) 12,516,954.20 13,049,624.04 12,516,954.20 13,049,624.04 Other current liabilities increase (decrease) (6,722,901.24) 38,061,670.14 (9,856,426.95) 38,625,444.06 Net cash provided by operating activities 174,881,522.23 213,019,359.67 164,188,015.02 197,507,926.21 Cash flows from investing activities Fixed deposit (increase) decrease 7,428,822.73 (165,000,000.00) 7,428,822.73 (165,000,000.00) Short-term loans (increase) decrease - Related parties 24,000,000.00 50,500,000.00 40,700,000.00 57,434,692.50 Loans to employees (increase) decrease 6,900.00 7,250.00 6,900.00 7,250.00 Acquisition of securities - (increase) decrease - Related parties (69,996,437.99) (70,392,422.92) (69,996,437.99) (70,325,222.92) - Others (44,484,276.00) (20,112,972.50) (44,484,276.00) (20,096,410.00) Acquisition of fixed assets (55,464,331.63) (47,596,105.22) (54,740,463.37) (46,855,726.19) Disposal of fixed assets 3,268,255.43 1,796,341.44 3,268,255.43 1,796,341.44 Disposal of securities - (increase) decrease - Related parties - 39,109,789.24 - 39,109,789.24 - Others 1,313,062.50 16,562.50 1,300,750.00 16,562.50 Other assets (increase) decrease (623,155.56) (5,384,410.66) (473,770.00) (4,894,216.17) Net cash used in investing activities (134,551,160.52) (217,055,968.12) (116,990,219.20) (208,806,939.60) Thanulux Public Company Limited and Subsidiaries Cash Flow Statement For the year ended December 31, Consolidated The company only 2000 (Baht) 1999 (Baht) 2000 (Baht) 1999 (Baht) Cash flows from financing activities Bank overdrafts and loans from financial institutions increase (decrease) 2,417,062.87 (199,956,498.94) 2,417,062.87 (199,703,498.94) Short - term loans - Related parties increase (decrease) 6,000,000.00 (21,488,519.66) - (12,488,519.66) Long-term liabilities increase (decrease) - (12,600,000.00) - (12,600,000.00) Debenture - 300,000,000.00 - 300,000,000.00 Dividend payments (42,000,000.00) (30,000,000.00) (42,000,000.00) (30,000,000.00) Net cash provided by financing activities (33,582,937.13) 35,954,981.40 (39,582,937.13) 45,207,981.40 Net increase (decrease) in cash 6,747,424.58 31,918,372.95 7,614,858.69 33,908,968.01 Cash at beginning of year 53,548,469.40 21,630,096.45 50,677,393.02 16,768,425.01 Cash at end of year 60,295,893.98 53,548,469.40 58,292,251.71 50,677,393.02 Notes to the financial statements are part of all the financial statements. Supplemental disclosures of cash flow information : Cash payment during the year Interest payment 31,249,125.12 16,321,291.12 25,977,341.59 9,827,373.01 Income tax 34,505,920.32 1,863,115.95 34,505,850.80 1,863,174.96