:: Annual Report 2002 ::

ISB

N : 974-91028-2-7

∫√‘…—∑ ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)KCE ELECTRONICS PUBLIC COMPANY LIMITED

∫√‘…—∑ ‡§’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) KCE ELECTRONICS PUBLIC COMPANY LIMITED

Annual Report 2002 √“¬ß“πª√–®”ªï 2545

Annual Report 2002√“¬ß“πª√–®”ªï 2545

¡àÿß¡—Ëπ àŸ§«“¡‡ªìπ‡≈‘»IN SEARCH OF EXCELLENCE

“√∫—≠

CONTENTS

§≥–°√√¡°“√∫√‘…—∑Companyûs Directors

‡®â“Àπâ“∑’Ë√–¥—∫ºŸâ∫√‘À“√Management Staff√“¬ß“π°“√°”°—∫¥Ÿ·≈¢Õß§≥–°√√¡°“√Directorsû Report on The Practices of Good Corporate Governance

¿“«–Õÿµ “À°√√¡·≈–°“√·¢àß¢—πIndustrial Status and Competition

§”Õ∏‘∫“¬·≈–«‘‡§√“–Àå¢ÕßΩÉ“¬®—¥°“√Management Analysis

∫ÿ§§≈∑’Ë¡’º≈ª√–‚¬™πå√à«¡·≈–√“¬°“√√–À«à“ß°—πPersons with vested interest and cross over transactions

ªí®®—¬§«“¡‡ ’Ë¬ßRisk Factors

¢âÕ¡Ÿ≈∑—Ë«‰ªGeneral Information

√“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’·≈–ß∫°“√‡ß‘πAuditorûs Report and Financial Statements

√“¬°“√∑’Ë°”Àπ¥µ“¡·∫∫ 56-2Check List of 56-2

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®ÿ¥‡¥àπ„π√Õ∫ªï 25452002 Financial Highlights

¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π‚¥¬ √ÿª¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬Summarized Financial Data

√“¬ß“π¢Õß§≥–°√√¡°“√Directorsû Report

√“¬ß“π¢Õß§≥–°√√¡°“√µ√«® Õ∫The Audit Committee Report

≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘®Nature of Business

‚§√ß √â“ß√“¬‰¥â¢Õß∫√‘…—∑œ ∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡Revenues Structure of KCE Electronics Public CompanyLimited, Subsidiaries and Affiliated Companies

ºŸâ∂◊ÕÀÿâπ·≈–°“√®—¥°“√Shareholder and Management

24

26

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31

33

112

1√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

π‚¬∫“¬§ÿ≥¿“æº≈‘µ·≈–∫√‘°“√≈Ÿ°§â“„Àâ ‰¥âµ“¡∑’Ëµ°≈ßÀ√◊Õ¥’°«à“

‚¥¬ª√—∫ª√ÿß§ÿ≥¿“æÕ¬à“ßµàÕ‡π◊ËÕß ·≈–∑”„Àâ∂Ÿ°µâÕß„π§√—Èß‡¥’¬«

QUALITY POLICYKCE commits to provide products and services to meet

or exceed agreed requirements for all of our customers throughcontinuous improvement and by doing it right the first time.

2Annual Report 2002

KCE ELECTRONICS PCL

2002 FINANCIAL HIGHLIGHTS

√“¬√—∫∑—Èß ‘Èπ Total Revenues

°”‰√ (¢“¥∑ÿπ) °àÕπ¿“…’‡ß‘π‰¥â Profit Before Income Taxes,

Àπ’È ß —¬®– Ÿ≠·≈–√“¬°“√æ‘‡»… Provision for Doubtful Accounts,

Loss on Decline in Value of

Investment and Extraordinary Item

°”‰√ ÿ∑∏‘ (¢“¥∑ÿπ) Net Profit (loss)

‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“°°‘®°√√¡ Net Cash Provided by

°“√¥”‡π‘πß“π Operating Activities

°”‰√ (¢“¥∑ÿπ) µàÕÀâÿπ / Net Profit (loss) per Share /

∂—«‡©≈’Ë¬ (∫“∑) Average (Baht)

®”π«πÀâÿπ (∂—«‡©≈’Ë¬) (æ—πÀâÿπ) Share Outstanding (Weighted

Average) (Thousand Shares)

®”π«πæπ—°ß“π (§π) Number of Employees (Person)

‘π∑√—æ¬å√«¡ Total assets

‡ß‘π°âŸ√–¬–¬“« Long Term Obligations

√«¡ à«π¢ÕßºâŸ∂◊ÕÀâÿπ∫√‘…—∑„À≠à Total Shareholdersû Equity of the Company

∑ÿπ™”√–·≈â« Issued and paid up capital

% ‡ß‘πªíπº≈ / °”‰√ ÿ∑∏‘ % Dividends / Net Profit

Àπà«¬ : ≈â“π∫“∑/Unit : Million Baht

2545 2544 25432002 2001 2000

3,735.393 3,575.280 3,890.526

213.910 54.855 607.164

148.040 3.233 520.469

341.847 484.506 435.271

4.85 0.11 17.64

30,555 30,159 29,507

2,251 2,006 2,086

5,783,215 4,736.864 4,904.580

1,635.787 1,502.331 518.033

1,793.714 1,623.801 1,642.553

308.270 302.300 300.900

41.280

°”‰√ ÿ∑∏‘ (¢“¥∑ÿπ)Net Profit (loss)≈â“π∫“∑/Million Baht

√“¬√—∫∑—Èß ‘ÈπTotal Revenues≈â“π∫“∑/Million Baht

®ÿ¥‡¥àπ„π√Õ∫ªï 2545

3,9003,8603,8003,7503,7003,6503,6003,5503,5003,4503,400

3,890.526

3,575.280

3,735.393

2543/20002544/2001

2545/2002

600

500

400

300

200

100

03.2332544/2001

2545/2002

148.040

2543/2000

520.469

3√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

2545 2544 25432002 2001 2000

‘π∑√—æ¬å√«¡ Total Assets

Àπ’È ‘π√«¡ Total Liabilities

√«¡ à«π¢ÕßºâŸ∂◊ÕÀâÿπ∫√‘…—∑„À≠à Total Shareholdersû Equity of the Company

√“¬‰¥â®“°°“√¢“¬ Sales Revenue

°”‰√¢—Èπµâπ Gross Profit

°”‰√ ÿ∑∏‘ (¢“¥∑ÿπ) Net Profit (Loss)

‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“°°‘®°√√¡°“√¥”‡π‘πß“π Net Cash Provided by Operating Activities

√“¬‰¥â√«¡ Total Revenues

Õ—µ√“ à«π∑“ß°“√‡ß‘π Financial Ratios

Õ—µ√“°”‰√ ÿ∑∏‘µàÕ√“¬‰¥â¢“¬ Net Income : Total Sales

Õ—µ√“º≈µÕ∫·∑πµàÕ à«π¢ÕßºâŸ∂◊ÕÀâÿπ Return on Shareholderûs Equity

Õ—µ√“º≈µÕ∫·∑πµàÕ ‘π∑√—æ¬å√«¡ Return on Assets

‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“°°‘®°√√¡°“√ Net Cash Provided by Operating

¥”‡π‘πß“πµàÕ¬Õ¥¢“¬ Activities / Sales

‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“°°‘®°√√¡ Net Cash Provided by Operating

°“√¥”‡π‘πß“πµàÕ à«π¢ÕßºâŸ∂◊ÕÀâÿπ Activities / Shareholderûs Equity

°”‰√ ÿ∑∏‘µàÕÀâÿπ (∫“∑µàÕÀâÿπ) Earning Per Share (Baht)

‡ß‘πªíπº≈µàÕÀâÿπ (∫“∑µàÕÀâÿπ) Dividend Per Share (Baht)

¡Ÿ≈§à“µ“¡∫—≠™’µàÕÀâÿπ (∫“∑µàÕÀâÿπ) Book Value Per Share (Baht)

Àπà«¬ : ≈â“π∫“∑/Unit : Million Baht

5,783.215 4,736.864 4,904.580

3,948.064 3,071.653 3,223.173

1,793.714 1,623.801 1,642.553

3,619.329 3,501.560 3,756.457

769.067 641.454 1,097.181

148.040 3.233 520.469

341.847 484.506 435.271

3,735.393 3,575.280 3,890.526

2545 2544 25432002 2001 2000

4.09% 0.09% 13.86%

8.25% 0.20% 31.69%

2.56% 0.07% 10.61%

9.45% 13.84% 11.59%

19.06% 29.84% 26.50%

4.85 0.11 17.64

- - -

58.70 53.84 55.67

¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π‚¥¬ √ÿª¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬

SUMMARIZED FINANCIAL DATA

· ¥ß¢âÕ¡Ÿ≈°“√‡ª√’¬∫‡∑’¬∫∑“ß°“√‡ß‘π Financial Data

à«π¢ÕßºŸâ∂◊ÕÀÿâπShareholdersû Equity

≈â“π∫“∑/Million Baht

‘π∑√—æ¬å√«¡Total Assets

≈â“π∫“∑/Million Baht

1,800

1,750

1,700

1,650

1,600

1,550

1,500

6,000

5,000

4,000

3,000

2,000

1,000

02544/2001

2544/20012543/2000

4,904.580

2545/2002

5,783.215

2543/2000

1,642.553

2545/2002

1,793.714

4,736.864

1,623.801

4Annual Report 2002

KCE ELECTRONICS PCL

√“¬ß“π¢Õß§≥–°√√¡°“√

DIRECTORSû REPORT

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°”‰√ ÿ∑∏‘ 44.2 ≈â“π∫“∑

5√“¬ß“πª√–®”ªï 2545

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Despite a slow start to 2002, a trend continuing from the previous year, KCE sales

revenue increased progressively as time went by.

The worldûs electronic sector was still in depression with the erosion of prices in both

Europe and America, as a consequence of a worsening oversupply situation. However, with

the management maintaining a high level of morale, our sales teams managed to secure an

improving order book, which combined with the implementation of heavy cost reduction

programs, produced a very satisfactory outcome.

KCE and its subsidiaries all managed to obtain a profit, except for KCE Technology.

However, KCE Technology, which started operation only last year, was able to reduce its losses

significantly down to Baht 15.2 million based on revenue of Baht 1,161 million and compared to

a loss of Baht 250.4 million from the previous year, on revenue of Baht 363 million.

KCE sales revenue was Baht 1,793 million with profits of Baht 18 million, KCE

International sales of Baht 1,066 million with profits of Baht 126.3 million, Thai Laminate

Manufacturers sales revenue was Baht 429 million with profits of Baht 44.2 million.

6Annual Report 2002

KCE ELECTRONICS PCL

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¢Õ∫§ÿ≥µàÕ∑à“πºŸâ∂◊ÕÀÿâπ ∂“∫—π°“√‡ß‘π ≈Ÿ°§â“∑—ÈßÀ≈“¬ ·≈–∫√‘…—∑ºŸâ¢“¬ (Suppliers) ∑’Ë ‰¥â„Àâ°“√

π—∫ πÿπ°‘®°√√¡¢Õß∫√‘…—∑œ ¥â«¬¥’µ≈Õ¥¡“ ·≈–¢Õ¢Õ∫§ÿ≥æπ—°ß“π∑ÿ°§π∑’Ë‰¥âªÆ‘∫—µ‘ß“πÕ¬à“ß‡µÁ¡

§«“¡ “¡“√∂„π√Õ∫ªï∑’Ëºà“π¡“ ∫√‘…—∑œ À«—ß‡ªìπÕ¬à“ß¬‘Ëß«à“§ß®–‰¥â√—∫°“√ π—∫ πÿπ·≈–§«“¡√à«¡¡◊Õ

®“°∑ÿ°∑à“π ∑’Ë°≈à“«¡“¥â«¬¥’µ≈Õ¥‰ª

7√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

The combined result in the consolidated accounts shows an increase in revenue of Baht

116 million or 3.31%, an increase in net profit of Baht 144.9 million or 4,528% compared to

previous year.

While the electronic market remains difficult, KCE have a powerful answer in the

package we offer to our customers. The manufacturing base is çState of the Arté being fully

integrated and highly qualified; our network of sales and distribution offices provide a local

service second to none, we offer a comprehensive warehousing hub operation, qualified

engineering backup and all the usual administration functions available worldwide through

KCE Europe, KCE America, KCE Singapore and Enzmann Germany. KCE also have a presence

in Japan and most recently in Korea. The local market in Thailand is continuing to grow

satisfactorily.

KCE Technology started the second phase of expansion during March for inner layer;

following on with an increase in outer layer capacity in October. This phase was completed by

the year end.

Thai Laminate Manufacturer is expanding its lamination capacity, with a new building

becoming available in January 2003, and machinery installation to be completed by May 2003.

Our attention to pollution controls and environmental friendly technology, has earned

KCE, KCE International and KCE Technologyûs ISO 14001 certification and we are

currently working towards TS 16949 approval.

Once more there are uncertainties around the world, both economic and political, but we

feel that we are in a very strong position and more than capable of meeting these challenges.

Finally, we take this opportunity to express a sincere thank you to our customers,

shareholders, suppliers, financial institutions and staff for their continued support.

8Annual Report 2002

KCE ELECTRONICS PCL

‡√’¬π ∑à“πºŸâ∂◊ÕÀÿâπ

§≥–°√√¡°“√µ√«® Õ∫‰¥âªØ‘∫—µ‘Àπâ“∑’ËÕ¬à“ßÕ‘ √–µ“¡¿“√°‘®·Ààß§«“¡√—∫º‘¥™Õ∫¢Õß°“√°”°—∫¥Ÿ·≈µ√«® Õ∫ ·≈–√—∫∑√“∫¢âÕ™’È·®ß„π “√– ”§—≠‡°’Ë¬«°—∫°“√ª√–°Õ∫∏ÿ√°‘®¢Õß∫√‘…—∑œ„π√Õ∫ªï æ.». 2545 ‡æ◊ËÕ§«“¡∂Ÿ°µâÕß™—¥‡®π ‚¥¬‰¥âª√–™ÿ¡√à«¡°—∫ºŸâµ√«® Õ∫¿“¬„π¢Õß∫√‘…—∑œ‡®â“Àπâ“∑’ËΩÉ“¬∫—≠™’·≈–°“√‡ß‘π ·≈–ºŸâ∫√‘À“√ √«¡ 6 §√—Èß ·≈–‰¥âª√–™ÿ¡√à«¡°—∫§≥–ºŸâ Õ∫∫—≠™’¿“¬πÕ°√«¡ 4 §√—Èß

∑’Ëª√–™ÿ¡‰¥âÀ“√◊Õ·≈–·≈°‡ª≈’Ë¬π¢âÕ§‘¥‡ÀÁπ‡°’Ë¬«°—∫¢âÕ¡Ÿ≈·≈–ª√–‡¥Áπ∑’Ë¡’ “√– ”§—≠®“°√“¬ß“π°“√µ√«® Õ∫¢ÕßºŸâµ√«® Õ∫¿“¬„π´÷Ëß‰¥â¥”‡π‘πµ“¡·ºπ°“√µ√«® Õ∫¿“¬„πª√–®”ªï æ.». 2545∑’Ë ‰¥â«“ß‰«â ·≈–„πªïπ’È ºŸâµ√«® Õ∫¿“¬„π‰¥âµ√«® Õ∫√à«¡°—∫∑’¡°“√ª√–‡¡‘π°“√ªØ‘∫—µ‘ß“πµ“¡¡“µ√∞“πQS 9000 ∑’Ë∫√‘…—∑¬÷¥∂◊ÕªØ‘∫—µ‘Õ’° 2 §√—Èß §≥–°√√¡°“√µ√«® Õ∫¡’§«“¡‡ÀÁπ«à“ °“√µ√«® Õ∫¿“¬„π¢Õß∫√‘…—∑œ „π√Õ∫ªï∑’Ëºà“π¡“‰¥â°√–∑”‰ªÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ∑—Èß¥â“π°“√µ√«® Õ∫‡™‘ßªØ‘∫—µ‘°“√·≈–‡™‘ß‡Õ° “√ ·≈–§≥–°√√¡°“√µ√«® Õ∫‰¥âπ” àß√“¬ß“π°“√ª√–™ÿ¡¢Õß§≥–°√√¡°“√µ√«® Õ∫∑ÿ°§√—ÈßµàÕ§≥–°√√¡°“√∫√‘…—∑œ ‡æ◊ËÕ„Àâ‰¥â√—∫∑√“∫

§≥–°√√¡°“√µ√«® Õ∫‰¥â√à«¡æ‘®“√≥“ß∫∫—≠™’·≈–°“√‡ß‘π‡ªìπ√“¬‰µ√¡“ ·≈–ß∫°“√‡ß‘π√«¡ª√–®”ªï æ.». 2545 °—∫ºŸâ Õ∫∫—≠™’¿“¬πÕ° Õ¿‘ª√“¬ª√–‡¥Áπ∑’Ë‡ªìπ “√– ”§—≠·Ààß§«“¡∂Ÿ°µâÕß·≈–‡À¡“– ¡ æ√âÕ¡∑—Èß‰¥â√—∫øíßª√–‡¥Áπ°“√ª√—∫ª√ÿß·≈–¢âÕ‡ πÕ·π–µà“ßÊ Õ—π‡ªìπª√–‚¬™πå®“°ºŸâ Õ∫∫—≠™’¿“¬πÕ° ‡æ◊ËÕ§«“¡πà“‡™◊ËÕ∂◊Õµ“¡À≈—°°“√∫—≠™’∑’Ë‡ªìπ∑’Ë√—∫√Õß ·≈–¡’¢âÕ¡Ÿ≈‡ªî¥‡º¬‡æ’¬ßæÕ

”À√—∫°“√≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ §◊Õ∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ (KCE Technology Co., Ltd.)‡æ◊ËÕ¢¬“¬°“√º≈‘µ ‘π§â“·ºß«ß®√Õ‘‡≈Á°∑√Õπ‘° åµ“¡·π«‡∑§‚π‚≈¬’„À¡àπ—Èπ ∫√‘…—∑‰¥â¥”‡π‘π°“√µ“¡·ºπ∑’Ë«“ß‰«â∑—Èß¥â“π°“√≈ß∑ÿπ·≈–°“√º≈‘µÕ¬à“ß‡À¡“– ¡ §≥–°√√¡°“√µ√«® Õ∫æ∫«à“‚√ßß“π„À¡à·Ààßπ’È ‰¥â¥”‡π‘π°“√º≈‘µ ‘π§â“®π‡µÁ¡°”≈—ß°“√º≈‘µ„π¢≥–π’È ·≈–®–‡æ‘Ë¡°”≈—ß°“√º≈‘µµàÕ‰ªÕ’°µ“¡·ºπ°“√‡æ‘Ë¡‡µ‘¡‡§√◊ËÕß®—°√¢Õß‚√ßß“π„πªïæ.». 2546

√“¬ß“π¢Õß§≥–°√√¡°“√µ√«® Õ∫

THE AUDIT COMMITEE REPORT

®“°°“√æ‘®“√≥“»÷°…“¢âÕ¡Ÿ≈·≈– “√– ”§—≠„π°“√∫√‘À“√·≈–°“√¥”‡π‘π°‘®°“√¢Õß∫√‘…—∑œ „π√Õ∫ªïæ.». 2545 §≥–°√√¡°“√µ√«® Õ∫¡’§«“¡‡ÀÁπ«à“ ºŸâ∫√‘À“√¢Õß∫√‘…—∑œ ‰¥â∫√‘À“√°‘®°“√·≈–∫√‘À“√§«“¡‡ ’Ë¬ß¥â«¬À≈—°∫√‘À“√ß“π∑’Ë¥’ ¡’°“√ª√—∫ª√ÿß·≈–æ—≤π“√–∫∫°“√∑”ß“π„Àâ¥’¢÷Èπ Õ—π Õ¥§≈âÕß°—∫ ¿“«–°“√≥å¢Õß‚≈°‡ªìπÕ¬à“ß¥’ “¡“√∂ √â“ß √√§åº≈‘µ¿—≥±å∑’Ë¡’§ÿ≥¿“æ¥’‡¥àπ ®π∑”„Àâ∫√‘…—∑œ¡’™◊ËÕ‡ ’¬ßµ‘¥Õ—π¥—∫∫√‘…—∑º≈‘µ™‘Èπ à«πÕ‘‡≈Á°∑√Õπ‘° å™—Èππ”¢Õß‚≈° ·≈– “¡“√∂ √â“ßº≈°”‰√‡æ‘Ë¡¢÷Èπ°«à“„π√Õ∫ªï∑’Ë·≈â«¡“ ·¡â«à“„π¢≥–π’È ¿“«–°“√≥å‡»√…∞°‘®¢Õß‚≈°¬—ßµ°µË”Õ¬Ÿà°Áµ“¡

§≥–°√√¡°“√µ√«® Õ∫‰¥â· ¥ß§«“¡‡ÀÁπµ“¡π—¬·ÀàßÀπâ“∑’ËµàÕ§≥–°√√¡°“√∫√‘…—∑œ „π°“√§—¥‡≈◊Õ°ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ∑’Ë‡ÀÁπ«à“¡’§ÿ≥ ¡∫—µ‘·≈–§à“µÕ∫·∑π∑’Ë‡À¡“– ¡ ‡æ◊ËÕ®–‰¥âπ”‡ πÕ„π∑’Ëª√–™ÿ¡„À≠à “¡—≠ª√–®”ªï¢ÕßºŸâ∂◊ÕÀÿâπ „Àâæ‘®“√≥“·µàßµ—Èß‡ªìπºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ¢Õß∫√‘…—∑œ ”À√—∫ªïæ.». 2546 µàÕ‰ª

π“¬·æ∑¬å∑Õß¥’ ™—¬æ“π‘™ª√–∏“π §≥–°√√¡°“√µ√«® Õ∫

7 ¡’π“§¡ 2546

9√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

To ShareholdersIn the fiscal year of 2002, the Audit Committee in fulfilling its duties and responsibilities

to audit and review the Company's performance and progress, convened six meetings with theinternal auditor. The meetings were also joined by the chief accountant and management fordiscussion and clarification of certain significant issues during the review.

The internal auditor presented detailed reports of activities performed according to thefiscal year plan to the audit committee. This year the internal auditor team also participated intwo jointed auditing processes with the QS 9000 audit team. With review and discussion onkey-issues made in the meetings, the audit committee was fully satisfied with the results of theinternal auditing process and documentation. Minute of each audit committee meeting has beensubmitted to the Board of Directors.

In addition, the audit committee held four meetings with the independent auditors toreview the quarterly and fiscal financial statements of the company and subsidiaries for thefiscal year 2002. The committee also met with the management to ensure that the essential dataare appropriate, adequate, and accurately presented duly to all relevant regulations andlegislation.

The audit committee realized that the investment in a new subsidiary company,KCE Technology Co., Ltd., with new advanced technology, is at present operating in fullproduction capacity. The company plans to add more production machinery in the next phaseof expansion within 2003.

According to the audit committee's review of the Company's performance and progressduring the year 2002, the results indicated that the company has been well managed by anefficient management team leading to manufacturing high quality electronic products withworldwide recognition. The company has been able to make profit during the fiscal year 2002,despite the current situation of the world economic recession.

For the fiscal year 2003, the audit committee has sought and recommended a qualifiedcertified independent auditor firm with appropriate remuneration, to be presented at theAnnual Shareholders Meeting for appointment approval as the Companyûs auditor.

Dr. Thongdee ShaipanichChairman of Audit Committee

7 th March, 2003

10Annual Report 2002

KCE ELECTRONICS PCL

∫√‘…—∑ ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ‡ªìπºŸâº≈‘µ·≈–®”Àπà“¬·ºàπæ‘¡æå«ß®√Õ‘‡≈Á°∑√Õπ‘° å

(PRINTED CIRCUIT BOARD À√◊Õ PCB) ‚¥¬‡ªìπ°“√º≈‘µ‡æ◊ËÕ àßÕÕ°‡ªìπ à«π„À≠à ∫√‘…—∑ ‡§ ’Õ’

Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) º≈‘µ PCB ª√–‡¿∑ MULTILAYER °«à“ 80% µàÕ¡“ ‘π§â“ª√–‡¿∑π’È

‰¥â¡’°“√æ—≤π“Õ¬à“ßµàÕ‡π◊ËÕßÕ’°∑—Èß§«“¡µâÕß°“√„πµ≈“¥‚≈°‡æ‘Ë¡¢÷Èπ ∑”„Àâ∫√‘…—∑œ ‰¥â¡’°“√¢¬“¬

‚√ßß“πº≈‘µ·≈–µ—«·∑π®”Àπà“¬ ªí®®ÿ∫—π∫√‘…—∑œ ¡’∫√‘…—∑¬àÕ¬ ‰¥â·°à ∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈

®”°—¥ º≈‘µ·≈–®”Àπà“¬·ºàπ PCB ª√–‡¿∑ DOUBLE SIDED PTH ‚¥¬∫√‘…—∑ ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å

®”°—¥ (¡À“™π) ‰¥â∂◊ÕÀÿâπÕ¬Ÿà®”π«π 94.99% ∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ ´÷Ëß∫√‘…—∑

‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ‰¥â∂◊ÕÀÿâπÕ¬Ÿà®”π«π 97.63% ∫√‘…—∑π’È∑”°“√º≈‘µ COPPER CLAD

LAMINATE ·≈– PREPREG ´÷Ëß‡ªìπ«—µ∂ÿ¥‘∫ ”§—≠„π°“√º≈‘µ·ºàπæ‘¡æå«ß®√Õ‘‡≈Á°∑√Õπ‘° å ·≈–

∫√‘…—∑ ‡§ ’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ º≈‘µ·≈–®”Àπà“¬ PRINTED CIRCUIT BOARD (PCB) ∫√‘…—∑ ‡§´’Õ’

Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ∂◊ÕÀÿâπÕ¬Ÿà®”π«π 100% πÕ°®“°π’È¬—ß¡’∫√‘…—∑„π‡§√◊Õ ´÷Ëß∑”Àπâ“∑’Ë‡ªìπ

µ—«·∑π®”Àπà“¬ PCB §◊Õ∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥ ·≈–∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å

æ’∑’Õ’ ®”°—¥

‚§√ß √â“ß√“¬‰¥â¢Õß∫√‘…—∑REVENUES STRUCTURE

NATURE OF BUSINESS

≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘®

∫®°.‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈KCEI

23.89%

∫¡®.‡§´’Õ’ Õ’‡≈§‚∑√π‘§ åKCE

24.38% 24.38% 23.89%

‡§´’Õ’ Õ‡¡√‘°“ ‡§ ’Õ’ ‘ß§‚ª√åKCEA KCES

94.99%

11√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

KCE Electronics Public Company Limited (KCE) is the manufacturer and distributor of

Printed Circuit Board (PCB). Most of the products are for export. Since the products are under

continuous developing and the global demand are rising, KCE expanded its business by

establishing subsidiaries and associated companies. The subsidiaries are consisting of 1) K C E

International Co., Ltd., manufactures double sided PCB (94.99% own by KCE), 2) Thai Laminate

Manufacturer Co., Ltd., manufactures of the copper clad laminated and prepreg, the important

materials for PCB (97.63% own by KCE), 3) KCE Technology Co., Ltd., manufactures the Printed

Circuit Board (100% own by KCE). The associated companies are consisting of 1) KCE America

Corporation Inc. - the Sales Representative in U.S.A. and 2) KCE Singapore Pte. Ltd. - the Sales

Representative in Singapore.

100%

47.37% 52.63%

∫®°.‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√åTLM

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13√“¬ß“πª√–®”ªï 2545

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°≈ÿà¡ºŸâ∂◊ÕÀÿâπ√“¬„À≠à 10 √“¬·√° ≥ «—π∑’Ë 27 ∏—π«“§¡ 2545TOP TEN SHAREHOLDERS FROM SHAREHOLDER LIST AS AT DECEMBER 27, 2002

ºâŸ∂◊ÕÀâÿπ·≈–°“√®—¥°“√

™◊ËÕ ®”π«πÀÿâπ √âÕ¬≈–

Shareholders Number of Percentage

Shares

THAILAND SECURITES THAILAND SECURITES 8,448,178 27.41

∫√‘…—∑»Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) Thailand Securities Depository

Company Limited for Depositor 14,846,394 48.16

π“¬ªí≠®– ‡ π“¥‘ —¬ Mr. Panja Senadisai 1,288,860 4.18

π“¬∫—≠™“ Õß§å‚¶…‘µ Mr. Bancha Ongkosit 1,079,992 3.50

∫√√…—∑‡ß‘π∑ÿπÕÿµ “À°√√¡·Ààßª√–‡∑»‰∑¬ Industrial Finance Corporation

of Thailand 800,000 2.60

π“ß«√≈—°…≥å Õß§å‚¶…‘µ Mrs. Voraluksana Ongkosit 866,000 2.81

·æ∑¬åÀ≠‘ß®—π∑‘¡“ Õß§å‚¶…‘µ Chantima Ongkosit M.D. 422,450 1.37

π“ßÕÿ∫≈ ®‘√–¡ß§≈ Mrs. Ubol Chiramongkol 364,010 1.18

π“ß “«®«∫®—π∑√å ¿‘√¡¬å¿—°¥’ Ms. Chuabchan Bhirombhakdi 286,250 0.93

π“¬·æ∑¬å‡°√’¬ß‰°√ Õ—§√«ß»å Kriangkrai Akarawong M.D. 250,520 0.81

æ≈‡Õ° ‡ √‘¡ ≥ π§√ Gen. Serm Na Nakorn 192,000 0.62

SHAREHOLDERS AND MANAGEMENT


KCE ELECTRONICS PCL

π“¬∫—≠™“ Õß§å‚¶…‘µ ª√–∏“π°√√¡°“√·≈–°√√¡°“√ºŸâ®—¥°“√

Mr. Bancha Ongkosit Chairman and Managing Director

π“¬ªí≠®– ‡ π“¥‘ —¬ °√√¡°“√

Mr. Panja Senadisai Director

·æ∑¬åÀ≠‘ß®—π∑‘¡“ Õß§å‚¶…‘µ °√√¡°“√

Chantima Ongkosit M.D. Director

π“ß«√≈—°…≥å Õß§å‚¶…‘µ °√√¡°“√

Mrs. Voraluksana Ongkosit Director

π“ß»‘√‘æ√√≥ —π∏π–æ—π∏å °√√¡°“√

Mrs. Siriphan Suntanaphan Director

π“¬·æ∑¬å∑Õß¥’ ™—¬æ“π‘™ °√√¡°“√·≈–ª√–∏“π°√√¡°“√µ√«® Õ∫

Thongdee Shaibhanich M.D. Director and Chairman of Audit Committee

æ≈‚∑ π“¬·æ∑¬å ÿª√’™“ ‚¡°¢–‡« °√√¡°“√·≈–°√√¡°“√µ√«® Õ∫

Lt. Gen. Suprija Mokkhavesa M.D. Director and Audit Committee

π“ßÕÿ∫≈ ®‘√–¡ß§≈ °√√¡°“√·≈–°√√¡°“√µ√«® Õ∫

Mrs. Ubol Chiramongkol Director and Audit Committee

COMPANYûS DIRECTORS

§≥–°√√¡°“√∫√‘…—∑

15√“¬ß“πª√–®”ªï 2545

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™◊ËÕ µ”·Àπàß ª√– ∫°“√≥å

π“¬∫—≠™“ Õß§å‚¶…‘µ °√√¡°“√ºŸâ®—¥°“√ 2525-ªí®®ÿ∫—π : ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)π“ß«√≈—°…≥å Õß§å‚¶…‘µ ºŸâÕ”π«¬°“√ ”π—°∫√‘À“√ 2532-ªí®®ÿ∫—π : ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)π“ß»‘√‘æ√√≥ —π∏π–æ—π∏å ºŸâ®—¥°“√∑—Ë«‰ª 2536-ªí®®ÿ∫—π : ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)π“¬Õ“∑‘µ¬å ‰°√ƒ°…å ºŸâÕ”π«¬°“√ΩÉ“¬°“√‡ß‘π 2535-ªí®®ÿ∫—π : ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)π“¬«‘∑°√ ‡≈‘»‰æ»“≈ ºŸâÕ”π«¬°“√ΩÉ“¬ªØ‘∫—µ‘°“√º≈‘µ 2527-ªí®®ÿ∫—π : ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)π“¬™Ÿƒ°…å ‚™µ‘¡“√—µπå ºŸâÕ”π«¬°“√ΩÉ“¬∏ÿ√°“√∑—Ë«‰ª 2532-ªí®®ÿ∫—π : ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)π“¬πæ¥≈ ∑—∫‡∑’Ë¬ß ºŸâÕ”π«¬°“√ΩÉ“¬§ÿ≥¿“æ 2531-ªí®®ÿ∫—π : ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)π“ß ÿ≥’ ‡Õ°∏’√®‘µµå ºŸâÕ”π«¬°“√ΩÉ“¬∫—≠™’ 2540-ªí®®ÿ∫—π : ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)π“ß‡ “«≈—°…≥å «√“¡‘µ√ °ÿ≈ ºŸâÕ”π«¬°“√ΩÉ“¬ π—∫ πÿπ°“√º≈‘µ 2526-ªí®®ÿ∫—π : ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)

NAME POSITION EXPERIENCE

Mr. Bancha Ongkosit Managing Director 1982-Present : KCE Electronics Public Company LimitedMrs. Voraluksana Ongkosit Executiveûs Office 1989-Present : KCE Electronics Public Company Limited

DirectorMrs. Siriphan Suntanaphan General Manager 1993-Present : KCE Electronics Public Company LimitedMr. Athit Krairisksh Finance Director 1992-Present : KCE Electronics Public Company LimitedMr. Vitagora Lerdpisarn Manufacturing Operation 1984-Present : KCE Electronics Public Company Limited

DirectorMr. Chulerg Chotimarat General Administration 1989-Present : KCE Electronics Public Company Limited

DirectorMr. Noppadol Tabtieang Quality Director 1988-Present : KCE Electronics Public Company LimitedMrs. Sunee Ek-Teerachit Accounting Director 1997-Present : KCE Electronics Public Company LimitedMrs. Saovalak Waramitsakul Manufacturing Support 1983-Present : KCE Electronics Public Company Limited

Director

MANAGEMENT STAFF

‡®â“Àπâ“∑’Ë√–¥—∫ºŸâ∫√‘À“√

§à“µÕ∫·∑π¢ÕßºŸâ∫√‘À“√§à“µÕ∫·∑π°√√¡°“√∫√‘…—∑œ §π≈– 300,000 ∫“∑§à“µÕ∫·∑πºŸâ∫√‘À“√ ®”π«πºŸâ∫√‘À“√∑—Èß ‘Èπ 9 §π √«¡∂÷ß

°√√¡°“√∫√‘À“√¢Õß∫√‘…—∑œ 3 §π ´÷Ëß∑”ß“π„π∫√‘…—∑œ„π√Õ∫√–¬–‡«≈“ 1 ªï ∑’Ëºà“π¡“ (ªï 2545)

§à“µÕ∫·∑π ÷Ëßª√–°Õ∫‰ª¥â«¬‡ß‘π‡¥◊Õπ·≈–‚∫π— √«¡∂÷ß‡ß‘π ¡∑∫°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ √«¡‡ªìπ®”π«π‡ß‘π23,509,651 ∫“∑ (‰¡à¡’º≈ª√–‚¬™πåÕ◊ËπÊ ∑’Ë ‰¥â°≈à“«¡“¢â“ßµâπ)

§à“µÕ∫·∑π§≥–°√√¡°“√µ√«® Õ∫∑—Èß 3 §π ‰¥â§à“µÕ∫·∑π§π≈– 150,000 ∫“∑

Remuneration

Directorsû remuneration is Baht 300,000 per person.

Managements staff of 9 persons remuneration and

3 directors, consisting of monthly salary and bonus,

were totaling Baht 23,509,651.

The remuneration for the Audit Committee, including

3 directors, is Baht 150,000 per person.


KCE ELECTRONICS PCL

DIRECTORSû REPORT ON THE PRACTICES OF

GOOD CORPORATE GOVERNANCE

√“¬ß“π°“√°”°—∫¥Ÿ·≈¢Õß§≥–°√√¡°“√

1. π‚¬∫“¬‡°’Ë¬«°—∫°“√°”°—∫¥Ÿ·≈°‘®°“√§≥–°√√¡°“√∫√‘…—∑œ ‰¥âµ√–Àπ—°∂÷ß§«“¡ ”§—≠¢Õß°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ¡’π‚¬∫“¬

π—∫ πÿπ°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¡’ª√– ‘∑∏‘¿“æ·≈–§«“¡®”‡ªìπ∑’ËµâÕßª√–°Õ∫∏ÿ√°‘®∑’Ë∂Ÿ°µâÕßµ“¡°ÆÀ¡“¬·≈–®√‘¬∏√√¡¥â«¬§«“¡´◊ËÕ —µ¬å ÿ®√‘µ ¡’√–∫∫°“√®—¥°“√∑’Ë¥’‡∑’¬∫‰¥â°—∫∫√‘…—∑∑’Ë¥’Õ◊ËπÊ ∑—Ë«‰ª¥”‡π‘πß“π¥â«¬§«“¡‚ª√àß„ “¡“√∂µ√«® Õ∫‰¥â ‚¥¬‡ªî¥‡º¬¢âÕ¡Ÿ≈Õ¬à“ß‡æ’¬ßæÕ·°àºŸâ∑’Ë‡°’Ë¬«¢âÕß∑ÿ°ΩÉ“¬À≈’°‡≈’Ë¬ß‰¡à„Àâ¡’°“√¢—¥·¬âßº≈ª√–‚¬™πå‡°‘¥¢÷Èπ √—∫º‘¥™Õ∫µàÕ°“√ªØ‘∫—µ‘Àπâ“∑’Ë¥â«¬§«“¡ “¡“√∂·≈–¡’ª√– ‘∑∏‘¿“æ∑’Ë‡æ’¬ßæÕ‡æ◊ËÕ„Àâ‡°‘¥ª√–‚¬™πå Ÿß ÿ¥µàÕºŸâ∂◊ÕÀÿâπ πÕ°®“°π’È ∫√‘…—∑œ ¡’§«“¡¡ÿàß¡—Ëπ∑’Ë®–ªØ‘∫—µ‘µ“¡¢âÕ∫—ß§—∫¢Õßµ≈“¥À≈—°∑√—æ¬å·≈–‡™◊ËÕ«à“°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¡’ª√– ‘∑∏‘¿“æ®–∑”„Àâº≈°“√ªØ‘∫—µ‘ß“π¢Õß∫√‘…—∑¥’¬‘Ëß¢÷Èπ·≈–®–‡ªìπª√–‚¬™πå Ÿß ÿ¥°—∫ºŸâ∂◊ÕÀÿâπ„π√–¬–¬“«‚¥¬∑—Ë«°—π à«πÀπ÷Ëß∑’Ë∑”„Àâ∫√√≈ÿº≈ ”‡√Á®„π¿“√–Àπâ“∑’Ë°Á§◊Õ °“√∑’Ë§≥–°√√¡°“√‰¥â¡’°“√¡Õ∫À¡“¬Àπâ“∑’Ë §«“¡√—∫º‘¥™Õ∫„Àâ·°à§≥–°√√¡°“√∫√‘À“√·≈–§≥–°√√¡°“√µ√«® Õ∫Õ¬à“ß™—¥‡®π ‚¥¬∑’Ë§≥–°√√¡°“√∫√‘…—∑œ ¬—ß§ß√—∫º‘¥™Õ∫°“√¥”‡π‘πß“π¢Õß∫√‘…—∑œ Õ¬à“ß‡µÁ¡∑’Ë ·≈–πÕ°®“°π’È §≥–°√√¡°“√·≈–§≥–°√√¡°“√∫√‘À“√‰¥â„Àâ§«“¡ ”§—≠·°àºŸâ∂◊ÕÀÿâπ ‡§“√æ„π ‘∑∏‘·≈–§«“¡‡∑à“‡∑’¬¡°—π¢ÕßºŸâ∂◊ÕÀÿâπ ‚¥¬∑’Ë∑ÿ°ΩÉ“¬„Àâ§«“¡‰«â«“ß„®·≈–‡™◊ËÕ¡—Ëπ´÷Ëß°—π·≈–°—π„π°“√¡ÿàß∑’Ë®– √â“ßº≈ª√–‚¬™πå Ÿß ÿ¥·°à∫√‘…—∑œ

2. ‘∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπ§≥–°√√¡°“√·≈–°√√¡°“√∫√‘À“√∫√‘…—∑œ ‰¥â®—¥„Àâ¡’√–∫∫´÷Ëß„Àâ§«“¡¡—Ëπ„®«à“ºŸâ∂◊ÕÀÿâπ®–‰¥â

√—∫√ŸâÕ¬à“ß∑—Ë«∂÷ß‚¥¬‡∑à“‡∑’¬¡°—π ºŸâ∂◊ÕÀÿâπ∑’Ë¡’Õ”π“®§«∫§ÿ¡ΩÉ“¬®—¥°“√®–§”π÷ß∂÷ßº≈ª√–‚¬™πå¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬Õ¬à“ß√Õ∫§Õ∫·≈–ºŸâ∂◊ÕÀÿâπ à«ππâÕ¬‰¡à§«√¬—∫¬—Èß°“√°√–∑”¢Õß∫√‘…—∑‚¥¬‰¡à¡’‡Àµÿº≈ ·≈–§≥–°√√¡°“√∫√‘…—∑œ æ¬“¬“¡Õ¬à“ß‡µÁ¡∑’Ë„π°“√‡¢â“√à«¡°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ∑ÿ°§√—Èß

„πªï 2546 ∫√‘…—∑œ ¡’°“√ª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ 1 §√—Èß ‚¥¬‰¥â àßÀπ—ß ◊Õπ—¥ª√–™ÿ¡ √“¬ß“πª√–®”ªï ·≈–¢âÕ¡Ÿ≈ª√–°Õ∫°“√ª√–™ÿ¡µ“¡«“√–µà“ßÊ „ÀâºŸâ∂◊ÕÀÿâπ∑√“∫≈à«ßÀπâ“ 14 «—π∑”°“√ ‚¥¬„π·µà≈–«“√–¡’§«“¡‡ÀÁπ¢Õß§≥–°√√¡°“√ ¡µ‘∑’Ëª√–™ÿ¡ ¡’°“√∫—π∑÷°°“√ª√–™ÿ¡∂Ÿ°µâÕß §√∫∂â«π·≈–¡’°“√ àß√“¬ß“π°“√ª√–™ÿ¡„Àâ°—∫µ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬

3. ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬

∫√‘…—∑œ ‰¥â„Àâ§«“¡ ”§—≠µàÕ ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°°≈ÿà¡ ‚¥¬‡©æ“–Õ¬à“ß¬‘Ëßæπ—°ß“π™ÿ¡™π·≈– ‘Ëß·«¥≈âÕ¡ ‚¥¬∑’Ëºà“π¡“∫√‘…—∑œ ‰¥â„Àâ§«“¡ ”§—≠Õ¬à“ß¬‘ËßµàÕ√–∫∫§«“¡ª≈Õ¥¿—¬·≈–

17√“¬ß“πª√–®”ªï 2545

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1. Policy on Corporate Governance

The KCE Board of Directors recognizes the importance of good corporategovernance and implements the policy to comply with the principles and guidelines of goodcorporate governance set by the Stock Exchange of Thailand, believing that good governancewill improve corporate performance and maximize the benefits of the shareholders.The company has professional management system, in accordance with generally acceptedcorporate practices as other recognized listed companies and conduct the business with trans-parency, accountability and integrity, avoiding any potential conflict of interest. To achieve suchduty, the Board clearly defines and delegates the responsibilities to the management team andthe audit committee. The Board assumes full responsibility in relation to the operations of thecompany; to ensure that business is conducted with high standards of corporate governance,with legally and ethically accepted corporate practices. The Board assumes all responsibilitiesregarding the operation of the company. The Board and the management shall respect therights and facilitate equal treatments for all shareholders.

All parties including the shareholders shall adopt an attitude of mutual respect andtrust towards each other for the interest of the company.

2. Shareholders : Rights and Equitable Treatment

The Board of Directors and management committee establish a system to ensureequal treatment and information disclosure for all shareholders. The major shareholders shouldconsider the interest of the minority shareholders while the minority should not restraincorporate actions unreasonably. The Chairman and directors shall try their best to attend theshareholderûs meeting.

The Ordinary Annual General Meeting of shareholders was held once in 2002.The meeting agendas, annual report and all other relevant documents were sent to allshareholders 14 working days prior to the meeting. Each agenda included the Board of Directorsûresolutions were carefully recorded and disclosed to the Stock Exchange of Thailand.

3. Various groups of Stakeholders

The Management recognizes the importance of various stakeholders especially theemployees, the community and the environment. The Board respects the stakeholdersû legallyrights and ensure that those rights are protected and treated with care.

The KCE management recognizes the importance of the protection of theenvironment. The company has been awarded ISO 14001 certification from SGS Thailand foreffective environmental management system, demonstrating the company sound environmentalperformance. The company policy emphasizes efficient utilisation of energy and naturalresources. Large investment was spent on water, chemical and air treatment systems. All plantsbelonging to the company are located in the Industrial Estates, all of which provide strictprotection and reduction of industrial effects on environment.

The company values the importance of contributing to society, as a responsiblemember of the community the company has contributed as follows :


KCE ELECTRONICS PCL

‘Ëß·«¥≈âÕ¡·≈–µ√–Àπ—°‡ªìπÕ¬à“ß¬‘Ëß∂÷ß§«“¡ ”§—≠„π°“√√—°…“ ¿“æ·«¥≈âÕ¡„Àâ¬—Ëß¬◊π ´÷Ëß®–‡ÀÁπ‰¥â«à“∫√‘…—∑œ ‰¥âºà“π°“√µ√«® Õ∫√–∫∫ ISO 14001 ®“°∫√‘…—∑ SGS ª√–‡∑»‰∑¬ ®”°—¥ ´÷Ëß‡ªìπ¡“µ√∞“πÕÿµ “À°√√¡¥â“π ‘Ëß·«¥≈âÕ¡ ∫√‘…—∑œ ‰¥â¥”‡π‘ππ‚¬∫“¬°“√º≈‘µ∑’Ë„™âæ≈—ßß“π·≈–∑√—æ¬“°√∏√√¡™“µ‘Õ¬à“ß¡’§ÿ≥¿“æ ·≈–‰¥â≈ß∑ÿπ‡ªìπÕ¬à“ß¡“°‡æ◊ËÕ°“√∫”∫—¥¡≈æ‘…∑“ßπÈ”·≈–∑“ßÕ“°“» Õ’°∑—Èß‚√ßß“π∑ÿ°·Ààß¢Õß∫√‘…—∑œ„π°≈ÿà¡µ—ÈßÕ¬Ÿà„π‡¢µÕÿµ “À°√√¡ ÷Ëß®”‡ªìπµâÕßªÑÕß°—π·≈–≈¥º≈°√–∑∫µàÕ ‘Ëß·«¥≈âÕ¡Õ¬à“ß®√‘ß®—ß

πÕ°®“°π’È ∫√‘…—∑œ ¬—ß‰¥â„Àâ§«“¡ ”§—≠„π°“√¥”‡π‘π∏ÿ√°‘®¥â«¬§«“¡√—∫º‘¥™Õ∫µàÕ —ß§¡ ‚¥¬‰¥â„Àâ§«“¡™à«¬‡À≈◊Õ·≈–æ—≤π“™ÿ¡™π ¥—ßπ’È

- °àÕ √â“ß‚√ßÕ“À“√„Àâ·°à‚√ß‡√’¬π∑à“À«– µ”∫≈ √–‡Õ’Ë¬¡ Õ”‡¿Õ Õß ®—ßÀ«—¥·æ√à- °àÕ √â“ßÕ“§“√Õ‡π°ª√– ß§å·≈–ÀâÕßπÈ” ∑’Ë‚√ß‡√’¬π∫â“π„À¡à √–∫ÿ√’ Õ”‡¿Õ«—ßπÈ”‡¬Áπ ®—ßÀ«—¥ √–·°â«- ∫√‘®“§∑ÿπ°“√»÷°…“„Àâ·°àπ—°»÷°…“ §≥–·æ∑¬»“ µ√å ¡À“«‘∑¬“≈—¬¡À‘¥≈- ∫√‘®“§‡ ◊ÈÕºâ“·≈–Õÿª°√≥å°“√»÷°…“„Àâ·°à‚√ß‡√’¬π‡ πàÀåæ√àÕß Õ”‡¿Õ —ß¢≈–∫ÿ√’ ®—ßÀ«—¥°“≠®π∫ÿ√’- ∫√‘®“§‡ ◊ÈÕºâ“ ‘Ëß¢Õß·≈–‡ß‘π π—∫ πÿπ„Àâ·°à∫â“π‰√â∑’Ëæ÷Ëß ∫â“π∑—∫°«“ß Õ”‡¿Õ∑—∫°«“ß ®—ßÀ«—¥ √–∫ÿ√’- ∫√‘®“§‡ß‘π√à«¡°—∫¡Ÿ≈π‘∏‘°“√π‘§¡Õÿµ “À°√√¡·Ààßª√–‡∑»‰∑¬ ™à«¬ºŸâª√– ∫¿—¬πÈ”∑à«¡

4. °“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ„π°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ „πªï 2545 ¡’°√√¡°“√‡¢â“√à«¡°“√ª√–™ÿ¡§√∫∑—Èß ‘Èπ√«¡ 8 ∑à“π (¥—ß√“¬≈–‡Õ’¬¥„π√“¬ß“π

ª√–®”ªï) ª√–∏“π„π∑’Ëª√–™ÿ¡‰¥â‡ªî¥‚Õ°“ „ÀâºŸâ∂◊ÕÀÿâπ¡’ ‘∑∏‘Õ¬à“ß‡∑à“‡∑’¬¡°—π„π°“√ Õ∫∂“¡ · ¥ß§«“¡§‘¥‡ÀÁπ √—∫øíß¢âÕ‡ πÕ·π–„π·µà≈–«“√–°“√ª√–™ÿ¡

5. ¿“«–ºŸâπ”·≈–«‘ —¬∑—»πå§≥–°√√¡°“√‰¥â¡’ à«π√à«¡„π°“√°”Àπ¥ (À√◊Õ„Àâ§«“¡‡ÀÁπ™Õ∫) «‘ —¬∑—»πå ¿“√°‘® °≈¬ÿ∑∏å ‡ªÑ“À¡“¬ ·ºπ∏ÿ√°‘®

·≈–ß∫ª√–¡“≥¢Õß∫√‘…—∑œ µ≈Õ¥®π°”°—∫¥Ÿ·≈„ÀâΩÉ“¬®—¥°“√¥”‡π‘π°“√„Àâ‡ªìπ‰ªµ“¡·ºπ∏ÿ√°‘®·≈–ß∫ª√–¡“≥∑’Ë°”Àπ¥‰«âÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ·≈–ª√– ‘∑∏‘º≈ ‡æ◊ËÕ‡æ‘Ë¡¡Ÿ≈§à“∑“ß‡»√…∞°‘® Ÿß ÿ¥„Àâ·°à°‘®°“√ ·≈–§«“¡¡—Ëπ§ß Ÿß ÿ¥„Àâ·°àºŸâ∂◊ÕÀÿâπ

6. §«“¡¢—¥·¬âß¢Õßº≈ª√–‚¬™πå§≥–°√√¡°“√ª√“√∂π“∑’Ë®–À≈’°‡≈’Ë¬ß·≈–ªÑÕß°—π‰¡à„Àâ¡’°“√¢—¥·¬âß¢Õßº≈ª√–‚¬™πå‡°‘¥¢÷Èπ Õ“®¡’‡ªìπ§√—Èß§√“«

∑’Ë¡’§«“¡¢—¥·¬âß‡°‘¥¢÷Èπ °√√¡°“√®–æ‘®“√≥“¥”‡π‘π°“√·°â‰¢ªí≠À“‡ªìπ√“¬Ê ‰ªÕ¬à“ß√Õ∫§Õ∫·≈–¥â«¬®√‘¬∏√√¡·≈–§«“¡‚ª√àß„ ‡æ◊ËÕº≈ª√–‚¬™πå Ÿß ÿ¥¢Õß∫√‘…—∑œ ‡ªìπ ”§—≠ ·≈–‡ªî¥‡º¬„ÀâºŸâ∂◊ÕÀÿâπ∑√“∫

∫√‘…—∑œ ¡’π‚¬∫“¬·≈–«‘∏’°“√§«∫§ÿ¡¢âÕ¡Ÿ≈¿“¬„π ¥—ßπ’È- °“√„Àâ§«“¡√Ÿâ·°àºŸâ∫√‘À“√„πΩÉ“¬µà“ßÊ ‡°’Ë¬«°—∫Àπâ“∑’Ë∑’ËºŸâ∫√‘À“√µâÕß√“¬ß“π°“√∂◊ÕÀ≈—°∑√—æ¬å¢Õß∫√‘…—∑œ ·≈–

∫∑°”Àπ¥‚∑…µ“¡æ√–√“™∫—≠≠—µ‘À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å æ.». 2535 ·≈–µ“¡¢âÕ°”Àπ¥¢Õßµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬

- °”Àπ¥„ÀâºŸâ∫√‘À“√√“¬ß“π°“√‡ª≈’Ë¬π·ª≈ß°“√∂◊ÕÀ≈—°∑√—æ¬åµàÕ ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬åµ“¡¡“µ√“ 59 ·Ààßæ√–√“™∫—≠≠—µ‘À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å æ.». 2535

- ¥”‡π‘π°“√·®âß„ÀâºŸâ∫√‘À“√∑√“∫«à“ºŸâ∫√‘À“√∑’Ë ‰¥â√—∫∑√“∫¢âÕ¡Ÿ≈¿“¬„π‰¡à§«√´◊ÈÕÀ√◊Õ¢“¬À≈—°∑√—æ¬å¢Õß∫√‘…—∑œ „π™à«ß 1 ‡¥◊Õπ°àÕπ∑’Ëß∫°“√‡ß‘π‡º¬·æ√àµàÕ “∏“√≥™π

7. ®√‘¬∏√√¡∏ÿ√°‘®∫√‘…—∑œ ‰¥â°”Àπ¥¢âÕæ÷ßªØ‘∫—µ‘‡°’Ë¬«°—∫®√√¬“∫√√≥¢Õß§≥–°√√¡°“√ ΩÉ“¬®—¥°“√ ·≈–æπ—°ß“π ‡æ◊ËÕ„Àâ¬÷¥∂◊Õ

‡ªìπ·π«∑“ß„π°“√ªØ‘∫—µ‘Àπâ“∑’Ëµ“¡¿“√°‘®¢Õß∫√‘…—∑œ ¥â«¬§«“¡´◊ËÕ —µ¬å ÿ®√‘µ ·≈–‡∑’Ë¬ß∏√√¡∑—Èß°“√ªØ‘∫—µ‘µàÕ∫√‘…—∑œ·≈–ºŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°°≈ÿà¡ “∏“√≥™π·≈– —ß§¡ ‚¥¬ºŸâ∑’Ë‡°’Ë¬«¢âÕß‰¥â≈ßπ“¡√—∫∑√“∫·≈–µ°≈ß∑’Ë®–∂◊ÕªØ‘∫—µ‘·≈–∫√‘…—∑œ‰¥â ◊ËÕ “√°—∫æπ—°ß“πÕ¬à“ß ¡Ë”‡ ¡Õ·≈–µ‘¥µ“¡¥â«¬°“√ªØ‘∫—µ‘µ“¡·π«∑“ß¥—ß°≈à“«‡ªìπª√–®” √«¡∂÷ß°”Àπ¥∫∑≈ß‚∑…∑“ß«‘π—¬‰«â¥â«¬ πÕ°®“°π’È ∑“ß∫√‘…—∑œ ¬—ß‰¥â√—∫°“√√—∫√Õß®“°√–∫∫ ISO 9002 ÷Ëß¡’¡“µ√∞“π®√‘¬∏√√¡§√Õ∫§≈ÿ¡®√‘¬∏√√¡∏ÿ√°‘®Õ’°¥â«¬

8. °“√∂à«ß¥ÿ≈¢Õß°√√¡°“√∑’Ë ‰¡à‡ªìπºŸâ∫√‘À“√§≥–°√√¡°“√¢Õß∫√‘…—∑œ ¡’®”π«π 8 ∑à“π ª√–°Õ∫¥â«¬- °√√¡°“√∑’Ë‡ªìπºŸâ∫√‘À“√ 3 ∑à“π- °√√¡°“√∑’Ë‰¡à‡ªìπºŸâ∫√‘À“√ 2 ∑à“π

19√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

- a building to be used as school cafeteria for Tava School, Tambon Sra-eiam, Amphur Song, Phrae.- a multipurpose building and toilet facilities for Ban Mai School, Wang Num Yen, Srakaew.- providing scholarship to medical students at Mahidol University.- providing clothes and educational material for handicapped students at Saneh Prong, Amphur

Sungkaburi, Kanchanaburi.- Donate money, clothes and other necessities to the homeless, (Barn Rai Ti Pung), Barn Tub Kwang,

Amphur Tub Kwang, Saraburi.- Contributed to the Thai Industrial Estate Foundation to help the flood victims in Pichit.

4. Shareholdersû MeetingsIn 2002 all 8 directors of the KCE Board attended the Ordinary Annual General Meeting of

shareholders (see detail in Annual Report) The Chairman encouraged equal opportunities for shareholders toexpress their opinions and raise any question at the meeting, according to the agenda and the issues presented.

5. Leadership and VisionThe Board provides leadership, vision, developes policies and strategies, advises and monitors the

performance of the management to reach the objectives of the company and to maximize benefits to the share-holders.

6. Conflict of InterestThe Board prevents any potential conflict of interest for the best interest of the company. However, if

the conflict of interest should occur, the matter would be determined case by case with care and ethically withtransparency and fully disclosed.

In order to control inside information, the company

- Informs managers of their responsibility to accurately report on the activities of the companyûsstocks in accordance with the Securities and Exchange Act B.E. 2535 as well as thenotifications of the Stock Exchange of Thailand (SET).

- Requires the managers to report on any change in stock holding in accordance with Section 59of the Securities and Exchange Act B.E. 2525.

- Notifies managers that those possessing inside information should not buy or sell the companyûsstocks in the month prior to public disclosure of the financial statement.

7. Business EthicsCode of ethics and statement of business conduct are issued to all directors and employees to ensure

that they are aware of, understands, and would keep monitoring the code of conduct as expected by the companyand its shareholders. The company issues rules, regulations, corrective actions and penalty for nonconformities foreffective enforcement. KCE also has been awarded ISO 9000 certifying effective quality management system.

8. Balance of power for Non-Executive Directors (See sample)The company board have eight directors which consists of :- Three executive directors- Two non-executive directors- Three audit committee

(Two out of eight members are independent directors).


KCE ELECTRONICS PCL

- °√√¡°“√µ√«® Õ∫ 3 ∑à“π(2 „π 8 ¢Õß§≥–°√√¡°“√∫√‘…—∑œ ‡ªìπ°√√¡°“√Õ‘ √–®”π«π 2 ∑à“π)

9. °“√√«¡À√◊Õ·¬°µ”·Àπàßª√–∏“π°√√¡°“√¥”√ßµ”·Àπàß°√√¡°“√ºŸâ®—¥°“√‚¥¬∑’Ë∫∑∫“∑ Õ”π“® Àπâ“∑’Ë §«“¡√—∫º‘¥™Õ∫ ¡’°“√

·∫àß·¬°Õ¬à“ß™—¥‡®π ¥—ß· ¥ß‰«â„π√“¬ß“πª√–®”ªï

10. §à“µÕ∫·∑π°√√¡°“√·≈–ºŸâ∫√‘À“√∫√‘…—∑œ ‰¥â°”Àπ¥π‚¬∫“¬§à“µÕ∫·∑π°√√¡°“√‰«âÕ¬à“ß™—¥‡®π ‚¥¬§à“µÕ∫·∑πÕ¬Ÿà„π√–¥—∫„°≈â‡§’¬ß°—∫

Õÿµ “À°√√¡™π‘¥‡¥’¬«°—π·≈–‰¥â¢ÕÕπÿ¡—µ‘®“°∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ·≈â« ¥—ß· ¥ß‰«â„π√“¬ß“πª√–®”ªï

11. °“√ª√–™ÿ¡§≥–°√√¡°“√§≥–°√√¡°“√∫√‘…—∑œ ¡’°“√ª√–™ÿ¡‚¥¬ª°µ‘∑ÿ°«—πÕ—ß§“√∑’Ë 3 ¢Õß‡¥◊Õπ·≈–¡’°“√ª√–™ÿ¡æ‘‡»…‡æ‘Ë¡µ“¡§«“¡

®”‡ªìπ ‚¥¬¡’°“√°”Àπ¥«“√–∑’Ë™—¥‡®π≈à«ßÀπâ“·≈–¡’«“√–æ‘®“√≥“µ“¡º≈°“√¥”‡π‘πß“π‡ªìπª√–®” ΩÉ“¬‡≈¢“πÿ°“√∫√‘…—∑œ‰¥â®—¥Àπ—ß ◊Õ‡™‘≠ª√–™ÿ¡æ√âÕ¡√–‡∫’¬∫«“√–°“√ª√–™ÿ¡·≈–‡Õ° “√°àÕπ°“√ª√–™ÿ¡≈à«ßÀπâ“ 7 «—π ‡æ◊ËÕ„Àâ§≥–°√√¡°“√‰¥â¡’‡«≈“»÷°…“¢âÕ¡Ÿ≈Õ¬à“ß‡æ’¬ßæÕ°àÕπ‡¢â“√à«¡°“√ª√–™ÿ¡ ·≈–À“°°√√¡°“√∑à“π„¥µâÕß°“√ “√ π‡∑»‡æ‘Ë¡‡µ‘¡Õ“®µ‘¥µàÕ¢Õ‰¥â®“°‡≈¢“πÿ°“√§≥–°√√¡°“√ ‚¥¬ª°µ‘°“√ª√–™ÿ¡·µà≈–§√—Èß®–„™â‡«≈“ª√–¡“≥ 3 ™—Ë«‚¡ß ‚¥¬„πªï 2545 ∑’Ëºà“π¡“§≥–°√√¡°“√∫√‘…—∑œ ¡’°“√ª√–™ÿ¡µ“¡«“√–ª°µ‘®”π«π 12 §√—Èß ∑—Èßπ’È‰¥â¡’°“√®¥∫—π∑÷°°“√ª√–™ÿ¡‡ªìπ≈“¬≈—°…≥åÕ—°…√®—¥‡°Á∫√“¬ß“π°“√ª√–™ÿ¡∑’Ëºà“π°“√√—∫√Õß®“°§≥–°√√¡°“√æ√âÕ¡„Àâ§≥–°√√¡°“√·≈–ºŸâ∑’Ë‡°’Ë¬«¢âÕßµ√«® Õ∫‰¥â

12. §≥–°√√¡°“√µ√«® Õ∫ª√–°Õ∫‰ª¥â«¬°√√¡°“√ 3 ∑à“π ∑ÿ°∑à“π‡ªìπ°√√¡°“√∑’Ë‡ªìπÕ‘ √–µ“¡§”®”°—¥§«“¡·≈–§ÿ≥ ¡∫—µ‘∑’Ë°”Àπ¥

‚¥¬µ≈“¥À≈—°∑√—æ¬å §≥–°√√¡°“√µ√«® Õ∫®–ª√–™ÿ¡Õ¬à“ßπâÕ¬ªï≈– 4 §√—Èß ‚¥¬¡’«“√–°“√ª√–™ÿ¡°”Àπ¥‰«â≈à«ßÀπâ“ §≥–°√√¡°“√µ√«® Õ∫ “¡“√∂‡¢â“∂÷ß·≈–ª√–™ÿ¡°—∫ºŸâ Õ∫∫—≠™’¿“¬πÕ°·≈–ºŸâµ√«® Õ∫¿“¬„π‰¥âÕ¬à“ß‡ √’ ‚¥¬‰¡à¡’ΩÉ“¬®—¥°“√‡¢â“√à«¡¥â«¬

13. √–∫∫°“√§«∫§ÿ¡·≈–°“√µ√«® Õ∫¿“¬„π°√√¡°“√∫√‘À“√¢Õß∫√‘…—∑œ ‡ªìπºŸâ√—∫º‘¥™Õ∫‡°’Ë¬«°—∫ß∫°“√‡ß‘π·≈– “√ π‡∑»∑“ß°“√‡ß‘π„π√“¬ß“πª√–®”ªï

´÷Ëßß∫°“√‡ß‘π¥—ß°≈à“«‰¥â®—¥∑”¢÷Èπµ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ÷Ëß√«¡∂÷ß°“√„™â¥ÿ≈¬æ‘π‘®Õ¬à“ß√–¡—¥√–«—ß·≈–ª√–¡“≥°“√∑’Ë¥’∑’Ë ÿ¥¢ÕßΩÉ“¬®—¥°“√ ΩÉ“¬®—¥°“√¬—ß¡’§«“¡√—∫º‘¥™Õ∫„π°“√®—¥√—°…“‰«â´÷Ëß√–∫∫§«∫§ÿ¡¿“¬„π‡°’Ë¬«°—∫√“¬ß“π∑“ß°“√‡ß‘π·≈–ªÑÕß°—π∑√—æ¬å ‘π¢Õß∫√‘…—∑œ

∫√‘…—∑œ ¡Õ∫À¡“¬„Àâ°√√¡°“√µ√«® Õ∫´÷Ëßª√–°Õ∫¥â«¬°√√¡°“√∑’Ë‰¡à‡ªìπºŸâ∫√‘À“√‡ªìπºŸâ√—∫º‘¥™Õ∫‡°’Ë¬«°—∫§ÿ≥¿“æ¢Õß√“¬ß“π∑“ß°“√‡ß‘πÕ¬à“ß‡À¡“– ¡·≈–∂Ÿ°µâÕß °“√§«∫§ÿ¡¿“¬„π∑’ËΩÉ“¬®—¥°“√¢Õß∫√‘…—∑œ‹ ∑”¢÷Èπ ¢Õ∫‡¢µ°“√∑”ß“π¢Õß§≥–°√√¡°“√™ÿ¥π’Èª√“°Ø„π√“¬ß“πª√–®”ªï·≈â« ·≈–§≥–°√√¡°“√∫√‘…—∑œ ‰¥âµ√–Àπ—°¥’«à“¬àÕ¡¡’¢âÕ®”°—¥‡°’Ë¬«°—∫ª√– ‘∑∏‘¿“æ¢Õß√–∫∫§«∫§ÿ¡¿“¬„π ·≈–√–∫∫§«∫§ÿ¡¿“¬„π∑’Ë¡’Õ¬Ÿà “¡“√∂„Àâ§«“¡¡—Ëπ„®Õ¬à“ß¡’‡Àµÿº≈„π à«π∑’Ë‡°’Ë¬«°—∫°“√®—¥∑”ß∫°“√‡ß‘π

¥â«¬§«“¡æ¬“¬“¡∑’Ë¥’∑’Ë ÿ¥∑’Ë®–„Àâ¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π∑’Ë¡’ª√– ‘∑∏‘º≈·≈–¥â«¬§«“¡√à«¡¡◊Õ®“°‡®â“Àπâ“∑’Ë∑ÿ°√–¥—∫ ΩÉ“¬®—¥°“√‡™◊ËÕ«à“ ¿“æ·«¥≈âÕ¡°“√§«∫§ÿ¡¿“¬„π·≈–√–∫∫ß“π∑’Ë‡ªìπÕ¬Ÿà„Àâ§«“¡‡™◊ËÕ¡—ËπÕ¬à“ß¡’‡Àµÿº≈∂÷ß§«“¡πà“‡™◊ËÕ∂◊Õ‰¥â¢Õß√“¬ß“π∑“ß°“√‡ß‘π·≈–°“√√—°…“ ‘π∑√—æ¬å¢Õß∫√‘…—∑œ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545

§≥–°√√¡°“√∫√‘…—∑œ ‰¥âª√÷°…“√à«¡°—∫ΩÉ“¬®—¥°“√·≈–ºŸâ Õ∫∫—≠™’‡°’Ë¬«°—∫°“√ª√–‡¡‘π√–∫∫§«∫§ÿ¡¿“¬„π·≈â« √ÿª«à“√–∫∫°“√§«∫§ÿ¡°“√ªØ‘∫—µ‘ß“π¢ÕßΩÉ“¬∫√‘À“√ √–∫∫ “√ π‡∑»·≈–°“√ ◊ËÕ “√¢âÕ¡Ÿ≈¢Õß∫√‘…—∑œ ¡’°“√§«∫§ÿ¡¿“¬„π∑’Ë‡æ’¬ßæÕ·≈â«

14. √“¬ß“π¢Õß§≥–°√√¡°“√§≥–°√√¡°“√∫√‘…—∑œ ‰¥â∑”√“¬ß“πÕ∏‘∫“¬∂÷ß§«“¡√—∫º‘¥™Õ∫„π°“√®—¥∑”√“¬ß“π∑“ß°“√‡ß‘π ‚¥¬· ¥ß§«∫§Ÿà

°—π‰ª°—∫√“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’‰«â„π√“¬ß“πª√–®”ªï

15. §«“¡ —¡æ—π∏å°—∫ºŸâ≈ß∑ÿπ∫√‘…—∑œ ®—¥„Àâ¡’·À≈àß¢âÕ¡Ÿ≈∑’Ë‡æ’¬ßæÕ„π°“√µ‘¥µàÕ°—∫ºŸâ≈ß∑ÿπ π—°«‘‡§√“–ÀåÀ≈—°∑√—æ¬å·≈–„Àâ§«“¡™à«¬‡À≈◊Õ„π°“√

æ—≤π“§«“¡√Ÿâ§«“¡ “¡“√∂¢Õß∫ÿ§≈“°√„π°“√®—¥∑”·≈–π”‡ πÕ¢âÕ¡Ÿ≈ºà“π∑“ß‡«Á∫‰´µå¢Õß∫√‘…—∑œ

21√“¬ß“πª√–®”ªï 2545

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9. Aggregation or Segregation of PositionsThe Chairman of the Board holds the position of the Managing Director, but the responsibilities and

authorities of each position are clearly defined as shown in the annual report.

10. Remuneration for Directors and the ManagementThe remuneration policy and the level of remuneration paid to directors which are comparable with

the industry and are disclosed and approved by shareholders as shown in the annual report.

11. Board of Directors Meetings

Board of directors meetings are regularly scheduled on the 3rd Tuesday of the month, usually lasting3 hours. Important information and data are provided in advance to directors, seven days in advance. If anymember wishes to have additional information for the purpose, he shall contact the Company secretary. Everymember is free to suggest any additional issue (s). In 2002 there were 12 Board of Directorsû meetings, all of whichrecorded and approved by the directors.

12. Committees

The Audit Committee consists of three board members as defined by the Stock Exchange of Thailand.The committee shall meet at least 4 times a year with an agenda fixed in advance. The audit committee can accessand have meetings freely with the external and internal auditors without the presence of management.

13. Controlling System and Internal Audit

The management is responsible for the financial statements and financial reports contained in theannual report. The financial statements conform with the generally accepted accounting principles and include thecareful judgments and the best estimates by the management. The management also establishes and maintainseffective internal control for financial reporting and to safeguard assets.

The Audit Committee, comprising of non-executive directors, assumes the responsibility for thefinancial report quality and the reviews of the internal control activities. The work of the Audit Committee isoutlined in the report included in this annual report. Because of the inherent limitations in the effectiveness ofany internal control system, the management utilizes its best efforts and cooperation from all to maintain aneffective system of internal control. The management believes its systems provide reasonable assurance as to theintegrity and reliability of the financial reporting and the safeguarding of assets as of December 31, 2002.

After reviewing with the management and auditors, the Board of Directors concluded that thecompanyûs overall management of internal control system, management of operational system, communicationand information system are adequate.

14. Directorsû Reporting

The Board provides a report on financial statements and the past year performance exhibited withthe auditorûs report in the companyûs annual report.

15. Relations with Investors

The Board assigns an investor relation to communicate with individual and institutional investors andstock analysts. Information is disclosed correctly, timely and transparently. The company also provide companyinformation on its website.


KCE ELECTRONICS PCL

INDUSTRIAL STATUS AND COMPETITION

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Õÿµ “À°√√¡·ºàπæ‘¡æå«ß®√Õ‘‡≈Á°∑√Õπ‘° å ‡°’Ë¬«‡π◊ËÕß‚¥¬µ√ß°—∫Õÿµ “À°√√¡Õ‘‡≈Á°∑√Õπ‘° å´÷Ëß‡ªìπÕÿµ “À°√√¡∑’Ë¡’Õ—µ√“°“√¢¬“¬µ—«¡“°∑’Ë ÿ¥™π‘¥Àπ÷Ëß¢Õß‚≈° ª√–¡“≥«à“¿“«–°“√§â“·ºàπæ‘¡æå«ß®√Õ‘‡≈Á°∑√Õπ‘° åå„πªï∑’Ëºà“π¡“¢¬“¬µ—«„πÕ—µ√“√âÕ¬≈– 7 ·≈–§“¥«à“°“√¢¬“¬µ—«®– Ÿß∂÷ß 9.5% „π ªï §.». 2004

∫√‘…—∑ ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) àß ‘π§â“∑—ÈßÀ¡¥¢“¬„πµ≈“¥‚≈° ‚¥¬∑’Ë≈Ÿ°§â“‡ªìπ∫√‘…—∑¢π“¥„À≠à∑’Ë¡’™◊ËÕ‡ ’¬ß‡ªìπ∑’Ë√Ÿâ®—°°—π∑—Ë«‰ª ∫√‘…—∑œ ®÷ßµâÕßª√—∫µ—«„Àâ‡¢â“°—∫¡“µ√∞“π “°≈„π‡√◊ËÕßµâπ∑ÿπ‡∑§‚π‚≈¬’ ·≈–°“√§«∫§ÿ¡§ÿ≥¿“æ·≈– àß¡Õ∫ ‘π§â“µ“¡‡«≈“∑’Ë°”Àπ¥ ≈Ÿ°§â“¢Õß∫√‘…—∑œ à«π¡“°®–¡’ SUPPLIER BASEÀ≈“¬∫√‘…—∑®÷ßµâÕßÕ¬Ÿà„π¿“«–°“√·¢àß¢—π°—∫∫√‘…—∑ºŸâº≈‘µ√“¬Õ◊Ëπµ≈Õ¥¡“ ÷Ëß∫√‘…—∑œ “¡“√∂∑”‰¥â¥—ß®–‡ÀÁπ‰¥â«à“∫√‘…—∑œ ¡’¬Õ¥¢“¬‡æ‘Ë¡¢÷Èπ„πÕ—µ√“∑’Ë Ÿß°«à“Õ—µ√“°“√‡®√‘≠‡µ‘∫‚µ¢ÕßÕÿµ “À°√√¡‚¥¬√«¡

ªí®®—¬„π°“√ª√– ∫§«“¡ ”‡√Á®

∑—Èß∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ µà“ß¡ÿàß‡πâπ„π‡√◊ËÕß ”§—≠ 3 ª√–‡¥Áπ §◊Õ1. °“√º≈‘µ ‘π§â“∑’Ë¡’§ÿ≥¿“æ HIGH QUALITY PRODUCT ´÷Ëß‰¥â√—∫°“√√—∫√Õß¡“µ√∞“π ISO 9002,

QS 9000 and ISO 140012. °“√ àß¡Õ∫ ‘π§â“„Àâµ√ßµ“¡°”Àπ¥‡«≈“∑’Ë≈Ÿ°§â“µâÕß°“√„Àâ‰¥â∂÷ß 99%3. °“√∫√‘°“√¥â“π°“√¢“¬·≈–°“√∫√‘°“√À≈—ß°“√¢“¬ ∫√‘…—∑œ ¡’ SALES OFFICE Õ¬ŸàÀ≈“¬·Ààß∑—Ë«‚≈°

´÷Ëß “¡“√∂„Àâ∫√‘°“√≈Ÿ°§â“‰¥â∑—π∑à«ß∑’„π∑ÿ°æ◊Èπ∑’Ë∑—Ë«‚≈°

‚Õ°“ ·≈–Õÿª √√§

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·µàÕ¬à“ß‰√°Áµ“¡‡π◊ËÕß®“°°“√ π—∫ πÿπ∑“ß¿“§√—∞„π¥â“πÕÿµ “À°√√¡Õ‘‡≈Á°∑√Õπ‘° å¬—ß‰¡à‡æ’¬ßæÕ ®÷ß∑”„Àâ¢“¥·§≈π∑√—æ¬“°√∫ÿ§§≈∑’Ë¡’§«“¡√Ÿâ ·≈–§«“¡‡™’Ë¬«™“≠∑“ß¥â“π‡∑§‚π‚≈¬’°“√º≈‘µ∑’Ë∑—π ¡—¬ ´÷Ëß®”‡ªìπ®–µâÕß∑”„Àâ¡’°“√®â“ßß“πµà“ßª√–‡∑»‡¢â“¡“∑”ß“π √«¡∑—Èß®–µâÕßπ”‡∑§‚π‚≈¬’„À¡àÊ®“°µà“ßª√–‡∑»‡¢â“¡“

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¿“æ°“√·¢àß¢—π·≈– à«π·∫àßµ≈“¥

‡π◊ËÕß®“°§«“¡µâÕß°“√¢Õß PCB „πµ≈“¥‚≈°¡’¡Ÿ≈§à“ Ÿß∂÷ß USD 40,000.00 ≈â“π ª√‘¡“≥SUPPLY ¡’¡“°·≈–¡’°“√·¢àß¢—π°—π Ÿß„π°“√º≈‘µ‡æ◊ËÕ„Àâ‡æ’¬ßæÕ°—∫§«“¡µâÕß°“√¢Õßµ≈“¥‚≈° ªí®®ÿ∫—π∫√‘…—∑œ¡’ à«π·∫àß„π°“√µ≈“¥‡æ’¬ß 0.25% ´÷Ëß¬—ß¡’»—°¬¿“æ„π°“√·¢àß¢—π Ÿß

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Õ”π“®µàÕ√Õß¢ÕßºŸâ´◊ÈÕ·≈–ºŸâ¢“¬

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23√“¬ß“πª√–®”ªï 2545

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PCB industry is directly related to the Electronics manufacturing, one of the fastest growing

sectors of all. The growth rate is 7% per annum to date and forecasted to grow 9.5 % during 2004.

Since KCE is primarily an exporter to internationally known customers, the company has had to

adjust and meet recognized international standards.

Furthermore, most customers do not source exclusively, exposing KCE to stiff

competition

Key success factors

KCE and its subsidiaries pay particular attention to the following factors:

1. High standard of quality; KCE has been awarded ISO 9200, QS 9000 and ISO 14001

certification. These are internationally recognized quality standards

2. On time delivery; the companyûs target is 99%.

3. Sales and After Sales Service; KCE has established a representative and sales office

network worldwide, to provide a comprehensive service to our customers

Opportunities and obstacles

With labour costs low compared to the USA and Europe. Thailand has seized the opportunity

and attracted heavy investment into the electronics industry, but lack of sufficient support from the

government has resulted in a shortage of qualified manpower in the technology field. Thailand has no

choice, but to import skill technicians.

External factors currently effecting our company and industry in general

Economic difficulties in major countries around the world caused a cutback in sales in the

electronics industry. Falling demand and downward pressure on prices hit all PCB manufacturers.

Competitiveness and market share

The global market for PCBs was US$ 40,000 million during 1999. Over supply to a soft market

stirred fierce competition amongst PCB suppliers. KCE by being competitive maintained .025% of the

world market with good expansion potential.

Entry of new competitors

In this industry reliability and repetitive quality is hard to achieve and at present, there is no

substitute for PCB technology.

Bargaining power

Product quality is the key bargaining power of the manufacturer.


KCE ELECTRONICS PCL

MANAGEMENT ANALYSIS

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º≈ª√–°Õ∫°“√‡»√…∞°‘®¢Õßª√–‡∑» À√—∞Õ‡¡√‘°“‰¥â‡°‘¥°“√∂¥∂Õ¬Õ¬à“ßµàÕ‡π◊ËÕß π—∫µ—Èß·µàª≈“¬ªï 2544 ‡ªìπµâπ¡“ ‚¥¬

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µâπ∑ÿπ¢“¬µàÕ¬Õ¥¢“¬„πªï 2545 ∑’Ë 78.8% ´÷ËßµË”°«à“ªï 2544 ∑’Ë 81.7% π—Èπ‡°‘¥®“°°“√‡æ‘Ë¡ª√– ‘∑∏‘¿“æ°“√º≈‘µ °“√ª√—∫≈¥µâπ∑ÿπ°“√º≈‘µ‰¥â∑—π°—∫°“√‡ª≈’Ë¬π·ª≈ß¢Õß√“§“¢“¬ ª√–°Õ∫°—∫∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’®”°—¥ ¡’Õ—µ√“°“√„™â°”≈—ß°“√º≈‘µ∑’Ë‡æ‘Ë¡ Ÿß¢÷ÈπÕ¬à“ßµàÕ‡π◊ËÕß∑”„Àâµâπ∑ÿπ°“√º≈‘µ ‘π§â“§àÕ¬Ê≈¥µË”≈ß ”À√—∫¥Õ°‡∫’È¬®à“¬π—Èπ‰¥âª√—∫≈¥®“° 150.2 ≈â“π∫“∑ (Àπ÷Ëß√âÕ¬Àâ“ ‘∫≈â“π Õß· π∫“∑) ‡ªìπ 136.9 ≈â“π∫“∑ (Àπ÷Ëß√âÕ¬ “¡ ‘∫À°≈â“π‡°â“· π∫“∑) ÷Ëß à«π„À≠à‡°‘¥®“°Õ—µ√“¥Õ°‡∫’È¬∑’Ë¬—ß§ßÕ¬Ÿà„π√–¥—∫µË”°—∫°“√∑’Ë∫√‘…—∑œ ·≈–∫√‘…—∑„π‡§√◊Õ§◊Õ ∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈–∫√‘…—∑‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ¡’‡ß‘π∑ÿπÀ¡ÿπ‡«’¬π®“°°“√ª√–°Õ∫°“√¡“°¢÷Èπ ®÷ß≈¥°“√æ÷Ëßæ“·À≈àß‡ß‘π∑ÿπ®“°¿“¬πÕ° ¬°‡«âπ·µà ∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’®”°—¥ ´÷Ëß°”≈—ßÕ¬Ÿà√–À«à“ß°“√¢¬“¬°”≈—ß°“√º≈‘µ ®÷ß¡’§«“¡µâÕß°“√„™â‡ß‘π°Ÿâ ‚¥¬‚§√ß°“√„π‡ø ∑’Ë 2 ‰¥â‡ √Á®≈ß„π‡¥◊Õπ∏—π«“§¡ 2545 ∑’Ëºà“π¡“ ªí®®ÿ∫—π∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ ‰¥â‡√‘Ë¡„™â°”≈—ß°“√º≈‘µ„π‡ø ∑’Ë 2·≈â«µ—Èß·µà‡¥◊Õπ¡°√“§¡ 2546

°“√∫√‘À“√‡ß‘πµ√“µà“ßª√–‡∑» ∫√‘…—∑œ¡’π‚¬∫“¬¥”√ß ‘π∑√—æ¬å·≈–Àπ’È ‘π„π °ÿ≈µà“ßª√–‡∑» °ÿ≈À≈—°Ê‡™àπ ‡ß‘π¥Õ≈≈à“√å À√—∞·≈–¬Ÿ‚√ „Àâ¡’ª√‘¡“≥·≈–‡ß◊ËÕπ‰¢∑’Ë ¡¥ÿ≈°—π „πªï 2545 ‰¥â¡’‡ß‘π°Ÿâ„π °ÿ≈µà“ßª√–‡∑»∫“ß à«π∑’Ë∂÷ß°”Àπ¥™”√–∑”„Àâ∫√‘…—∑œ ‰¡àÕ“®¥”√ßπ‚¬∫“¬¥—ß°≈à“«‰¥â ¡’º≈„Àâ„πªï∑’Ëºà“π¡“ ∫√‘…—∑œ ¡’°”‰√®“°Õ—µ√“·≈°‡ª≈’Ë¬π∂÷ß 56.3 ≈â“π∫“∑ (Àâ“ ‘∫À°≈â“π “¡· π∫“∑) ´÷Ëß Ÿß°«à“ªï°àÕπ∂÷ß 41.5 ≈â“π∫“∑ ( ’Ë ‘∫‡ÕÁ¥≈â“πÀâ“· π∫“∑)

®“°º≈ ”‡√Á®¢Õß·ºπ°“√µ≈“¥ °“√‡æ‘Ë¡ª√– ‘∑∏‘¿“æ„π°“√º≈‘µ µ≈Õ¥®π°“√§«∫§ÿ¡§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ ∑”„Àâ∫√‘…—∑œ “¡“√∂‡æ‘Ë¡§«“¡ “¡“√∂„π°“√∑”°”‰√‰¥â¥’¢÷Èπ®“°°”‰√ 3.2 ≈â“π∫“∑ „πªï 2544 ‡æ‘Ë¡‡ªìπ 148.0 ≈â“π∫“∑ (Àπ÷Ëß√âÕ¬ ’Ë ‘∫·ª¥≈â“π∫“∑) „πªï 2545 ¡’°”‰√µàÕÀÿâπ∑’Ë 4.85 ∫“∑

∞“π–°“√‡ß‘π·≈–§ÿ≥¿“æ ‘π∑√—æ¬å‡π◊ËÕß®“°°“√∂¥∂Õ¬¢Õß‡»√…∞°‘®Õ¬à“ßµàÕ‡π◊ËÕß¥—ß‰¥â°≈à“«·≈â« ‰¥â àßº≈„Àâ∏ÿ√°‘®µà“ßÊµâÕß‡º™‘≠°—∫§«“¡

¬“°≈”∫“°„π°“√∫√‘À“√∏ÿ√°‘®·≈– ‘π∑√—æ¬å¢Õß∫√‘…—∑œ ¥—ßπ—ÈπΩÉ“¬∫√‘À“√¢Õß∫√‘…—∑œ ®÷ß‰¥â«“ßπ‚¬∫“¬„Àâ∑ÿ° à«πß“π∫√‘À“√ ‘π∑√—æ¬å·≈–Àπ’È ‘πÕ¬à“ß√–¡—¥√–«—ß ·≈–¡’ª√– ‘∑∏‘¿“æ ·≈–‡πâπ°“√„™â‡ß‘π∑ÿπ¿“¬„π°‘®°“√ ÷Ëß àßº≈„Àâ≈Ÿ°Àπ’È°“√§â“¢Õß∫√‘…—∑œ “¡“√∂¢¬“¬µ—«Õ¬à“ß¡’§ÿ≥¿“æ ·≈–≈¥√–¥—∫ ‘π§â“§ß‡À≈◊Õ≈ß‡æ◊ËÕ‡æ‘Ë¡‡ß‘π∑ÿπÀ¡ÿπ‡«’¬π„π à«πÕ◊Ëπ

”À√—∫ ‘π∑√—æ¬å∂“«√‰¥â‡æ‘Ë¡®“° 4,149 ≈â“π∫“∑ ‡ªìπ 4,975 ≈â“π∫“∑ ‚¥¬ ‘π∑√—æ¬å à«π„À≠à‡°‘¥®“°‚§√ß°“√¢¬“¬°”≈—ß°“√º≈‘µ„π√–¬–∑’Ë 2 ¢Õß∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ ·≈–°“√¢¬“¬°”≈—ßº≈‘µ¢Õß∫√‘…—∑‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ ‚¥¬‚§√ß°“√∑—Èß Õß ®–µâÕß„™â‡ß‘π°Ÿâ√–¬–¬“«‡æ‘Ë¡¢÷Èπª√–¡“≥ 802≈â“π∫“∑ (·ª¥√âÕ¬ Õß≈â“π∫“∑) ·µàÀ“°¥Ÿ à«π¢Õß‡ß‘π°Ÿâ√–¬–¬“«®–æ∫«à“‚¥¬√«¡·≈â«¡’‡ß‘π°Ÿâ√–¬–¬“« ≥ «—π∑’Ë31 ∏—π«“§¡ 2545 ‡ªìπ®”π«π‡ß‘π 2,056 ≈â“π∫“∑ ( Õßæ—πÀâ“ ‘∫À°≈â“π∫“∑) ÷Ëß‡æ‘Ë¡®“°ªï°àÕπ‡æ’¬ß 288≈â“π∫“∑ ( Õß√âÕ¬ ·ª¥ ‘∫·ª¥≈â“π∫“∑) ´÷Ëß®”π«π‡ß‘π°Ÿâ√–¬–¬“«∑’Ë‡æ‘Ë¡¢÷ÈπµË”°«à“®”π«π«ß‡ß‘π°Ÿâ¢Õß‚§√ß°“√‡π◊ËÕß®“°∫√‘…—∑œ‰¥â„Àâ§«“¡ π„®µàÕ°“√„™â‡ß‘π∑ÿπ¿“¬„π®“°º≈ª√–°Õ∫°“√¡“°°«à“ Õ—µ√“ à«πÀπ’È ‘π√«¡µàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπª√—∫µ—« Ÿß¢÷Èπ‡≈Á°πâÕ¬®“° 1.89:1 „πªï 2544 ‡æ‘Ë¡‡ªìπ 2.2 : 1 „πªï 2545 ·µà∂â“À“°æ‘®“√≥“®“°Õ—µ√“ à«πÀπ’È ‘π√«¡µàÕ ‘π∑√—æ¬å√«¡®–‡ÀÁπ«à“Õ—µ√“ à«π„πªï 2545 ·≈– 2544 π—Èπ„°≈â‡§’¬ß°—π§◊Õ 0.65 : 1 ·≈–0.68 : 1

Õ¬à“ß‰√°Áµ“¡∫√‘…—∑œ µâÕß∂◊Õ«à“ªï 2545 ‡ªìπÕ’°ªïÀπ÷Ëß∑’Ë∫√‘…—∑œ ª√– ∫º≈ ”‡√Á®∑’Ë “¡“√∂∑”„Àâ¡Ÿ≈§à“∑“ß∫—≠™’ ÿ∑∏‘µàÕÀÿâπª√—∫®“° 53.84 ∫“∑µàÕÀÿâπ ‡ªìπ 58.70 ∫“∑µàÕÀÿâπ ´÷Ëßª√—∫µ—« Ÿß¢÷Èπ 9%

25√“¬ß“πª√–®”ªï 2545

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2002 PerformanceThe slowdown in the U.S. economy, which persisted into the year 2002, also affected the

European economy and as a consequence the global electronics market. The worldwide demand forelectronics products decreased by approximately 6%. However, the efforts of the management,concentrating on expansion of the customer base, the improvement of production efficiency, and heavycost reduction programs, resulted in a satisfactory increase in sales revenue from Baht 3,501 million toBaht 3,619 million.

The expansion of our customer base, and an increase in business from existing customers,resulted in a significant improvement in market share. At present the geographical marketsegmentation in the Far East has increased significantly in both Asia and Thailand from 10.2% and 3%in 2001 to 14.6% and 6.5% respectively. The trend is expected to be increasingly favorable as newcustomers place more orders.

Cost of sales in 2002 was 78.8% compared to 81.7% the previous year. This reduction resultedfrom an increase in efficiency and a co-ordinated reduction in the cost of production in response to thefall in sales prices. Meanwhile, production at KCE Technology increased progressively, thus loweringthe costs accordingly. Interest costs declined from Baht 150.2 million to Baht 136.9 million. Interest ratesremained low, while cash flow generated by the company and its subsidiaries, K.C.E. International andThai Laminate increased significantly, reducing the need for external funding, except for the 2nd phaseof capacity expansion of KCE Technology, which was completed in December 2002. Production fromthe 2nd phase at KCE Technology will begin January 2003.

In general, the company has employed a financial policy which balances both foreign currencyassets and liabilities. This was adjusted temporarily as some foreign loan repayments were due thisyear. The profit from foreign exchange therefore increased to Baht 56.3 million, which was Baht 41.5million higher than 2001.

The success of improved strategy; in the marketing plan, the increased production plan and costcontrols resulted in an improvement in profit from Baht 3.2 million in 2001 to Baht 148 million thisyear. Earnings per share were Baht 4.85 for 2002.

Financial Status

The problem in the overall economy called for conservative and effective financial managementof assets and liabilities with the maximum utilization of internal cash flow.

The implementation of this policy has contributed to account receivables growth and improvedinventory turnover, which generated an increase in working capital.

Assets in property and plant & equipment increased from Baht 4,149 million to Baht 4,975million, the majority of which was from the phase 2 expansion of KCE Technology and expansion ofThai Laminate Manufacturer. Both expansions require additional Baht 802 million in long term loan.However, total outstanding long term loan at year end 31 December 2002 was Baht 2,056 million, anincrease of Baht 288 million only as the company utilized internal cashflow rather than externalfunding. The debt to equity ratio increased slightly from l.89:1 in year 2001 to 2.2:1 in 2002, but theratio of total liabilities to total assets for year 2001 and 2002 remained similar at 0.65:1 and 0.68:l.

The year 2002 was deemed another profitable year for KCE. The book value increased fromBaht 53.84 per share last year to Baht 58.70 per share this year, an increase of 9%.


KCE ELECTRONICS PCL

PERSONS WITH VESTED INTEREST AND

CROSS OVER TRANSACTIONS

∫ÿ§§≈∑’Ë¡’º≈ª√–‚¬™πå√à«¡·≈–√“¬°“√√–À«à“ß°—π

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∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ‡ªìπ°√√¡°“√

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ ‡ªìπ°√√¡°“√

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∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ ‡ªìπ°√√¡°“√

π“ß«√≈—°…≥å Õß§å‚¶…‘µ °√√¡°“√ ¡’º≈ª√–‚¬™πå√à«¡°—π„π∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡ ¥—ßπ’È

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ‡ªìπ°√√¡°“√

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∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ ‡ªìπ°√√¡°“√

∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥ ‡ªìπ°√√¡°“√

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ ‡ªìπ°√√¡°“√

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∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ ‡ªìπ°√√¡°“√

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∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ‡ªìπ°√√¡°“√

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ ‡ªìπ°√√¡°“√

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ ‡ªìπ°√√¡°“√

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∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ‡ªìπ°√√¡°“√

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π“ß»‘√‘æ√√≥ —π∏π–æ—π∏å °√√¡°“√ ¡’º≈ª√–‚¬™πå√à«¡°—π„π∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡ ¥—ßπ’È

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ‡ªìπ°√√¡°“√

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∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ ‡ªìπ°√√¡°“√

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- §«“¡‡ÀÁπ°√√¡°“√/ºŸâ™”π“≠°“√Õ‘ √– ∂÷ß§«“¡ ¡‡Àµÿº≈¢Õß√“¬°“√„πÀπ—ß ◊Õ· ¥ß§«“¡‡ÀÁπ¢Õß°√√¡°“√/ºŸâ™”π“≠°“√Õ‘ √– (‰¡à¡’)

- §«“¡‡ÀÁπ°√√¡°“√Õ‘ √–‡°’Ë¬«°—∫°“√ªÆ‘∫—µ‘µ“¡¢âÕºŸ°æ—π∑’Ë√–∫ÿ‰«â„π FILING „πÀπ—ß ◊Õ· ¥ß§«“¡‡ÀÁπ¢Õß°√√¡°“√Õ‘ √– (‰¡à¡’)

27√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

Cross over entries between persons and companies with vested interest :Mr. Bancha Ongkosit (Including Mrs. Voraluksana Ongkosit, his wife and immature children)

K.C.E. International Co., Ltd. DirectorThai Laminate Manufacturer Co., Ltd. DirectorKCE Technology Co., Ltd DirectorKCE America Inc. DirectorKCE Singapore Pte, Ltd. Director

Mrs. Voraluksana OngkositK.C.E. International Co., Ltd. DirectorThai Laminate Manufacturer Co., Ltd. DirectorKCE Technology Co., Ltd. DirectorKCE America Inc. DirectorKCE Singapore Pte,Ltd. Director

Chantima Ongkosit M.D.K.C.E. International Co., Ltd. DirectorThai Laminate Manufacturer Co., Ltd. DirectorKCE Technology Co., Ltd. Director

Mr. Panja SenadisaiK.C.E. International Co., Ltd. DirectorThai Laminate Manufacturer Co., Ltd. DirectorKCE Technology Co., Ltd. Director

Lt. Gen. Suprija Mokkavesa M.D.K.C.E. International Co., Ltd. DirectorThai Laminate Manufacturer Co., Ltd. Director

Mrs. Siriphan SuntanaphanK.C.E. International Co., Ltd. DirectorThai Laminate Manufacturer Co., Ltd. DirectorKCE Technology Co., Ltd. DirectorKCE Singapore Pte, Ltd. Director

- Opinion of an independent director or the professional on the transactions / None.

- Opinion of an independent director on the compliance with the condition stated in the independent directorsû filing / None.


KCE ELECTRONICS PCL

RISK FACTORS

ªí®®—¬§«“¡‡ ’Ë¬ß

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∫√‘…—∑œ º≈‘µ·≈–®”Àπà“¬·ºàπæ‘¡æå«ß®√Õ‘‡≈Á°∑√Õπ‘° å (PRINTED CIRCUIT BOARD)

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2. °“√‡ª≈’Ë¬π·ª≈ß¢Õß ‘π§â“·≈–‡∑§‚π‚≈¬’

‘π§â“Õ‘‡≈Á°∑√Õπ‘° å¡’°“√¢¬“¬µ—«Õ¬à“ßµàÕ‡π◊ËÕß∑”„Àâ‡°‘¥°“√‡ª≈’Ë¬π·ª≈ßÕ¬à“ß√«¥‡√Á«¢Õß‡∑§‚π‚≈¬’

∑’Ë „™â ∫√‘…—∑œº≈‘µ ‘π§â“„π°≈ÿà¡¢ÕßÕÿµ “À°√√¡™‘Èπ à«π§Õ¡æ‘«‡µÕ√å °≈ÿà¡∏ÿ√°‘® ◊ËÕ “√ ‚∑√§¡π“§¡ °≈ÿà¡

Õÿµ “À°√√¡¬“π¬πµå ·≈–°≈ÿà¡Õÿµ “À°√√¡∑—Ë«‰ª ∫√‘…—∑œ√—∫√Ÿâ«‘«—≤π“°“√·≈–°“√‡ª≈’Ë¬π·ª≈ß‰¥âµ≈Õ¥‡«≈“

®÷ß “¡“√∂°â“«∑—π«‘«—≤π“°“√·≈–‡∑§‚π‚≈¬’ ®÷ß¢÷ÈπÕ¬Ÿà°—∫§«“¡ “¡“√∂„π°“√«‘®—¬ ÕÕ°·∫∫ ·≈–æ—≤π“‡æ◊ËÕ„Àâ

‰¥â ‘π§â“∑’Ë¡’§ÿ≥¿“æ¥’¢÷Èπ„π√“§“µâπ∑ÿπ°“√º≈‘µ∑’Ë∂Ÿ°≈ßÀ√◊Õ„™â‡«≈“„π°“√º≈‘µ∑’Ë —Èπ≈ß ‚¥¬„Àâ Õ¥§≈âÕß°—∫√–¥—∫

‡∑§‚π‚≈¬’·≈–§«“¡µâÕß°“√¢Õßµ≈“¥„π¢≥–π—Èπ

3. §«“¡‡ ’Ë¬ß®“°°“√π”‡¢â“«—µ∂ÿ¥‘∫À≈—°∫“ßª√–‡¿∑®“°µà“ßª√–‡∑»

∫√‘…—∑œπ”‡¢â“«—µ∂ÿ¥‘∫®“°µà“ßª√–‡∑» 45% ¢Õß¬Õ¥¢“¬‡æ◊ËÕ°“√º≈‘µ ∂â“‡°‘¥°“√¢“¥·§≈πÀ√◊Õ°“√

‡ª≈’Ë¬π·ª≈ß√“§“¢Õß«—µ∂ÿ¥‘∫®–¡’º≈µàÕ°“√¥”‡π‘πß“π¢Õß∫√‘…—∑œ Õ¬à“ß‰√°Á¥’∫√‘…—∑œ¡’π‚¬∫“¬®—¥À“

·À≈àß«—µ∂ÿ¥‘∫À≈“°À≈“¬ ”À√—∫«—µ∂ÿ¥‘∫·µà≈–ª√–‡¿∑∑—Èß„π·≈–πÕ°ª√–‡∑» πÕ°®“°π’È∫√‘…—∑œ „π°≈ÿà¡ KCE

¬—ß¡’∫√‘…—∑¬àÕ¬¢Õß∫√‘…—∑œ ‡ªìπºŸâº≈‘µ«—µ∂ÿ¥‘∫ àß„Àâ∫√‘…—∑œ

4. §«“¡‡ ’Ë¬ß¥â“π°“√º≈‘µ

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∑’ËµâÕß¡’∑—°…– §«“¡√Ÿâ §«“¡‡¢â“„®µàÕ¢∫«π°“√º≈‘µ À“°·√ßß“π¢“¥§ÿ≥ ¡∫—µ‘À√◊Õ¡’ªí≠À“‡√◊ËÕß·√ßß“π ®– àß

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æ√âÕ¡∑—Èß‰¥âπ”‡§√◊ËÕß®—°√‡¢â“¡“„™â„π°“√º≈‘µ ‡æ◊ËÕ≈¥ªí≠À“µâπ∑ÿπ°“√º≈‘µ à«π§«“¡‡ ’Ë¬ß∑“ß¥â“π°“√®—¥´◊ÈÕ

«—µ∂ÿ¥‘∫®“°µà“ßª√–‡∑»Õ—π‡π◊ËÕß®“°°“√¢π àß∑’Ë≈à“™â“À√◊Õ°“√¢“¥·§≈π ∫√‘…—∑œ‰¥â¡’π‚¬∫“¬·≈–¢—ÈπµÕπ

°“√®—¥´◊ÈÕ«—µ∂ÿ¥‘∫ ‚¥¬¡’°“√‡≈◊Õ° SUPPLIERS ∑’Ë¡’™◊ËÕ‡ ’¬ß·≈–°‘®°“√¡—Ëπ§ß ¡’°“√µ√«® Õ∫√“§“«—µ∂ÿ¥‘∫

Õ¬à“ßµàÕ‡π◊ËÕß ¡’°“√ ”√Õß«—µ∂ÿ¥‘∫Õ¬à“ß‡æ’¬ßæÕ ∑”„Àâ°“√º≈‘µ‡ªìπ‰ªÕ¬à“ßµàÕ‡π◊ËÕß

5. §«“¡‡ ’Ë¬ß¥â“πÕ—µ√“·≈°‡ª≈’Ë¬π

§«“¡º—πº«π¢ÕßÕ—µ√“·≈°‡ª≈’Ë¬πÀ≈“¬ªï∑’Ëºà“π¡“ àßº≈°√–∑∫µàÕ¬Õ¥¢“¬·≈–°”‰√ ÿ∑∏‘¢Õß

∫√‘…—∑œ ‡™àπ‡¥’¬«°—∫∫√‘…—∑Õ◊ËπÊ Õ¬à“ß‰√°Áµ“¡∫√‘…—∑œ‰¥â∑” —≠≠“´◊ÈÕ¢“¬‡ß‘πµ√“≈à«ßÀπâ“ ‡æ◊ËÕ≈¥§«“¡‡ ’Ë¬ß ¢Õß

§«“¡º—πº«π¢Õß§à“‡ß‘π∑’Ë¡’µàÕ°“√∫√‘À“√‡ß‘π ¥¢Õß∫√‘…—∑œ „π·µà≈–¢≥– ·≈–∫√‘…—∑œ‰¥âæ¬“¬“¡√—°…“ —¥ à«π

√–À«à“ß∑√—æ¬å ‘π∑’Ë‡ªìπ °ÿ≈‡ß‘πµ√“µà“ßª√–‡∑»·≈–Àπ’È ‘π∑’Ë‡ªìπ °ÿ≈‡ß‘πµ√“µà“ßª√–‡∑»„ÀâÕ¬Ÿà„π®”π«π„°≈â‡§’¬ß°—π

29√“¬ß“πª√–®”ªï 2545

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The followings are the major risk factors that may affect the companyûs performance:

1. Electronics Industry Risk

KCE manufactures and exports Printed Circuit Board, an essential component of electronic

products. However, the rapid change and the fierce competitiveness of the electronics industry can

instigate undesirable change in sales volume and price. KCE has diversified its customer base in order

to diminish such impact.

2. Technology Risk

Electronics Industry is dynamic with demand for newer and better technology. KCE has

kept ahead with advanced technology and has invested in R&D to be foremost in the industry.

3. Raw Material Risk

KCE imports 45% of raw material for manufacturing activities. Shortage of necessary raw

material would effect the companyûs operation. To protect against such shortage, KCE has retained

various suppliers globally as well as invested in a subsidiary company to manufacture laminate for

KCE Printed Circuit Board production.

4. Production Risk

While cost of labour appears low when compared to the total cost of manufacturing, the

knowledge and skill of the KCE staff is crucial to KCE success. Shortage or any labour related problem

would result in low productivity. KCE provides continuous staff training and education to ensure

maximum growth and development of KCE staff. Automated machineries have also been added to

reduce the cost of production.

To safeguard against shortage of raw material, KCE suppliers are reputable, and selected on

the basis of reliability. Global price of raw material is closely monitored and inventories assured to be

adequate for smooth and continuous operation.

5. Foreign Exchange and Interest Risk

The volatility of the foreign currency exchange rates have affected the performance of

KCE as well as other companies. The company uses financial instrument, such as forward exchange

contracts for hedging part of the reliabilities of foreign currencies to reduce the effect of foreign

currency volatility. A change in interest rate may also have adverse effect in the earning of the

company.


KCE ELECTRONICS PCL

6. Economic, Political and International Trade Policies RiskDepending on whether the economic, political and international trade policies of the major customer

countries such as U.K., Germany and U.S.A. is positive or negative, this factor may affect the company accord-ingly. KCE has maintained a balanced customer base to minimize any unpredicted impact.

7. Investment RiskKCE has continued to expand through investments in new subsidiary companies and associated

companies. The new starting subsidiary companyûs performance is not expected to be profitable yet, however,these investments are anticipated to contribute to the future strengths and benefits of the company.

8. Policy change in Major Customers RiskSignificant changes have occurred in the electronics industry such as merging of companies and

take-overs as well as the changes in the business strategies and buying policies. Any such change in KCE majorcustomer would affect the performance of the company.

9. War, Unrest and Terrorism RiskThe impact of the above may affect KCE indirectly unless the incidence has major global effect or bears

direct effect to major customer countries.

6. §«“¡‡ ’Ë¬ß¿“«–‡»√…∞°‘®·≈–°“√‡¡◊Õß π‚¬∫“¬°“√§â“√–À«à“ßª√–‡∑»§Ÿà§â“ ”§—≠

¿“«–‡»√…∞°‘®·≈–°“√‡¡◊Õß π‚¬∫“¬°“√§â“√–À«à“ßª√–‡∑»§Ÿà§â“ ”§—≠ ‡™àπ Õ—ß°ƒ… Ω√—Ëß‡» ‡¬Õ√¡—π ·≈–

À√—∞Õ‡¡√‘°“ ‡¡◊ËÕ¡’°“√‡ª≈’Ë¬π·ª≈ß∑“ß‡»√…∞°‘®„πÀ¡Ÿàª√–‡∑»∑’Ë‡ªìπ≈Ÿ°§â“¬àÕ¡ àßº≈°√–∑∫∑—Èß∑“ß¥â“π∫«°·≈–∑“ß≈∫

‡¡◊ËÕ¿“«–‡»√…∞°‘®·≈–°“√‡¡◊Õß¥’¢÷Èπ®–¡’°“√ —Ëß´◊ÈÕ ‘π§â“®“°∫√‘…—∑œ ¡“°¢÷Èπ·≈–¡’º≈°√–∑∫µ√ß¢â“¡‡¡◊ËÕ¿“«–‡»√…∞°‘®

∂¥∂Õ¬≈ß ∫√‘…—∑œ‰¥âæ¬“¬“¡√—°…“ ¡¥ÿ≈„π°“√§â“°—∫§Ÿà§â“ ‚¥¬¡‘‰¥â‡πâπ§Ÿà§â“„πª√–‡∑»„¥‡ªìπæ‘‡»…

7. §«“¡‡ ’Ë¬ß„π¥â“π°“√≈ß∑ÿπ

„π√–¬–∑’Ëºà“π¡“∫√‘…—∑œ‰¥â¡’°“√≈ß∑ÿπ∫√‘…—∑¬àÕ¬ ÷Ëß∫√‘…—∑¬àÕ¬‡À≈à“π’È „π√–¬–·√°π—Èπº≈°“√¥”‡π‘πß“π¬—ß‰¡à

‡µÁ¡∑’Ë Õ¬à“ß‰√°Áµ“¡∫√‘…—∑œ§“¥«à“∫√‘…—∑œ‡À≈à“π’È®–¥”‡π‘π°“√‰¥â‡µÁ¡∑’Ë„π‰¡à™â“π’È ‚¥¬°“√≈ß∑ÿπ¢Õß∫√‘…—∑œπ—Èπ ®–‡πâπ„π°“√

¢¬“¬¢Õ∫‡¢µ∏ÿ√°‘®„Àâ¡“°¢÷Èπ ‚¥¬ºà“π∫√‘…—∑¬àÕ¬ √«¡∑—Èß°“√≈ß∑ÿπ„π∏ÿ√°‘®∑’Ë®– “¡“√∂ àß‡ √‘¡ ‘π§â“¢Õß∫√‘…—∑œ„Àâ¡’§«“¡

·¢Áß·°√àß¡“°¢÷Èπ ÷Ëß®– àßº≈µÕ∫·∑π∑’Ë¥’¡“ ŸàºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑œ„πÕπ“§µ

8. §«“¡‡ ’Ë¬ß®“°°“√‡ª≈’Ë¬π·ª≈ß∑’Ë¡’ “√– ”§—≠„π°≈ÿà¡∞“π≈Ÿ°§â“√“¬„À≠à

ªí®®—¬§«“¡‡ ’Ë¬ß¢Õß∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ §◊Õ °“√‡ª≈’Ë¬π·ª≈ß∑’Ë¡’ “√– ”§—≠„π°≈ÿà¡∞“π≈Ÿ°§â“√“¬„À≠à

´÷ËßÕ“®‡°‘¥¢÷Èπ‰¥â‡π◊ËÕß®“°ªí®®—¬¿“¬πÕ° ‡™àπ °“√‡ª≈’Ë¬π·ª≈ß¢Õß‡®â“¢Õß°‘®°“√ À√◊Õ°“√‡ª≈’Ë¬π·ª≈ß∑“ß¥â“π‚ª√·°√¡

¢Õßº≈‘µ¿—≥±å ∂÷ß·¡â«à“°≈¬ÿ∑∏å¢Õß∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ §◊Õ °“√¡’∞“π≈Ÿ°§â“∑’ËÕ¬Ÿà„πÀ≈“¬Õÿµ “À°√√¡ °“√‡ª≈’Ë¬π·ª≈ß

∑’Ë‡ªìπ “√– ”§—≠¢Õß≈Ÿ°§â“√“¬„À≠à°Á “¡“√∂ àßº≈°√–∑∫µàÕº≈ª√–°Õ∫°“√¢Õß∫√‘…—∑œ ‰¥â

9. ß§√“¡ §«“¡‰¡à ß∫ ·≈–°“√°àÕ°“√√â“¬

Õ“®¡’º≈°√–∑∫‰¥âµàÕ°“√¥”‡π‘πß“π¢Õß∫√‘…—∑œ∂â“‡°‘¥ ∂“π°“√≥å‡™àππ—Èπ º≈°√–∑∫¬àÕ¡¡’µàÕ∑—Èßµ≈“¥‚≈° À√◊Õ

ªí≠À“¥—ß°≈à“«¡’º≈‚¥¬µ√ßµàÕª√–‡∑»§Ÿà§â“À√◊Õª√–‡∑»‰∑¬

31√“¬ß“πª√–®”ªï 2545

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GENERAL INFORMATION

¢âÕ¡Ÿ≈∑—Ë«‰ª

∫√‘…—∑ ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ‡¥‘¡™◊ËÕ ∫√‘…—∑ §«ß‡®√‘≠ Õ’‡≈§‚∑√π‘§ å ®”°—¥ ”π—°ß“π·≈–‚√ßß“πµ—ÈßÕ¬Ÿà‡≈¢∑’Ë 125-125/1, 1 À¡Ÿà 4 π‘§¡Õÿµ “À°√√¡≈“¥°√–∫—ß ∂ππ©≈Õß°√ÿß ·¢«ß≈”ª≈“∑‘« ‡¢µ≈“¥°√–∫—ß °√ÿß‡∑æœ‚∑√»—æ∑å (662) 326-0196 ‚∑√ “√ (662) 326-0300

‡§´’Õ’œ ‡√‘Ë¡°àÕµ—Èß„πªï 2525 ‰¥â‡¢â“®¥∑–‡∫’¬π„πµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬„πªï 2531 ·≈–‰¥â·ª√ ¿“æ∫√‘…—∑¡À“™π„πªï 2535 ªí®®ÿ∫—π¡’∑ÿπ®¥∑–‡∫’¬π 450 ≈â“π∫“∑ ∑’Ë‡√’¬°™”√–·≈â«√«¡ 308.1 ≈â“π∫“∑

‡§´’Õ’œ ‡ªìπºŸâº≈‘µ·≈–®”Àπà“¬·ºàπæ‘¡æå«ß®√Õ‘‡≈Á°∑√Õπ‘° å À√◊Õ PCB (PRINTED CIRCUIT BOARD) ´÷Ëß‡ªìπ·ºàπ EPOXY GLASS ∑’Ë¡’ ◊ËÕπ”‰øøÑ“ ‡™àπ µ–°—Ë« ∑Õß·¥ß‡§≈◊Õ∫Õ¬Ÿà¿“¬„µâ‡§√◊ËÕßÀ¡“¬°“√§â“ çKCEé º≈‘µ¿—≥±å¥—ß°≈à“«‡ªìπ™‘Èπ à«π ”§—≠¢—Èπæ◊Èπ∞“π„π°“√ª√–°Õ∫‡§√◊ËÕß§Õ¡æ‘«‡µÕ√å ‡§√◊ËÕß¡◊Õ ◊ËÕ “√ ‚∑√§¡π“§¡ ‡§√◊ËÕß¡◊ÕÕ‘‡≈Á°∑√Õπ‘° å‡°◊Õ∫∑ÿ°ª√–‡¿∑

∫√‘…—∑ ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ∫√‘…—∑·¡à‡ªìπºŸâº≈‘µ·ºàπ PCB ª√–‡¿∑ MULTILAYER ªí®®ÿ∫—π¡’∫√‘…—∑¬àÕ¬§◊Õ

1) ∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ‚¥¬∫√‘…—∑œ ‰¥â∂◊ÕÀÿâπÕ¬Ÿà®”π«π 94.99% ¡’‚√ßß“πÕ¬Ÿà∑’Ëπ‘§¡Õÿµ “À°√√¡∫“ßªŸº≈‘µ‡©æ“–·ºàπ PCB ª√–‡¿∑ DOUBLE SIDED

2) ∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ ‡ªìπºŸâº≈‘µ Prepreg ·≈– Laminate ´÷Ëß‡ªìπ«—µ∂ÿ¥‘∫∑’Ë ”§—≠ „π°“√º≈‘µ PCB ∫√‘…—∑œ ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ‰∑¬≈“¡‘‡πµ Õ¬Ÿà®”π«π 97.63%

3) ∫√‘…—∑ ‡§ ´’ Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ ´÷Ëß∫√‘…—∑∂◊ÕÀÿâπÕ¬Ÿà®”π«π 100% º≈‘µ·≈–®”Àπà“¬·ºàπ PCB ‚√ßß“πµ—ÈßÕ¬Ÿà∑’Ëπ‘§¡Õÿµ “À°√√¡‰Œ-‡∑§ ®—ßÀ«—¥æ√–π§√»√’Õ¬ÿ∏¬“

∫√‘…—∑œ ¡’ ”π—°ß“π¢“¬„π¬ÿ‚√ª Õ‡¡√‘°“ ·≈– ‘ß§å‚ª√å ´÷Ëß®–¥”‡π‘πß“π¥â“π°“√¢“¬ ·≈–°“√µ≈“¥‡æ◊ËÕµ‘¥µàÕ°—∫≈Ÿ°§â“„πª√–‡∑»µà“ßÊ∑—Ë«‚≈° ‚¥¬∫√‘…—∑œ ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å Õ¬Ÿà 48.75% ·≈–∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’®”°—¥ Õ¬Ÿà 47.77%

∫ÿ§§≈Õâ“ßÕ‘ß

π“¬∑–‡∫’¬π∫√‘…—∑ »Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬ ) ®”°—¥62 Õ“§“√µ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ™—Èπ 4, 6-7∂ππ√—™¥“¿‘‡…° ·¢«ß§≈Õß‡µ¬ ‡¢µ§≈Õß‡µ¬ °√ÿß‡∑æœ 10110‚∑√»—æ∑å : 02-3591200 ‚∑√ “√ : 02-3591259

ºŸâ Õ∫∫—≠™’π“¬π‘µ‘ ®÷ßπ‘®π‘√—π¥√å ºŸâ Õ∫∫—≠™’Õπÿ≠“µ‡≈¢∑’Ë 3809π“ß “«®ß®‘µµå À≈’°¿—¬ ºŸâ Õ∫∫—≠™’Õπÿ≠“µ‡≈¢∑’Ë 2649π“ß “«π—™√’ ∫ÿ≠≠–°“√°ÿ»≈ ºŸâ Õ∫∫—≠™’Õπÿ≠“µ‡≈¢∑’Ë 3126¥√. »ÿ¿¡‘µ√ ‡µ≈–¡πµ√’°ÿ≈ ºŸâ Õ∫∫—≠™’Õπÿ≠“µ‡≈¢∑’Ë 3356·Ààß∫√‘…—∑ ¥’≈Õ¬∑å ∑Ÿâ™ ‚∏¡—∑ ÿ ‰™¬¬» ®”°—¥Õ“§“√√—®π“°“√ ™—Èπ 25, 183 ∂ππ “∏√„µâ ·¢«ß¬“ππ“«“‡¢µ “∏√ °√ÿß‡∑æœ 10120‚∑√»—æ∑å : 02-676-5700 ‚∑√ “√ : 02-676-5757

∑’Ëª√÷°…“∑“ß°ÆÀ¡“¬∫√‘…—∑ ”π—°ß“π∑π“¬§«“¡ ™—¬«—∏ - ∫—≥±Ÿ√¬å ®”°—¥92/22 ™—Èπ 10 Õ“§“√ “∏√∏“π’ 2 ∂ππ “∏√‡Àπ◊Õ ‡¢µ∫“ß√—°°√ÿß‡∑æœ 10500‚∑√»—æ∑å : 02-238-3689 ‚∑√ “√ : 02-236-4980


KCE ELECTRONICS PCL

Other ReferencesRegistrar

Thailand Securities Depository Company Limited4, 6-7th Floor, 62 The Stock Exchange of Thailand BuildingRatchadapisek Road, Klongtoey,Bangkok 10110 Thailand

AuditorMr. Niti Jungnitnirundr, Certified Public Accountant No. 3809Ms. Chongchitt Leekbhai, Certified Public Accountant No. 2649Ms. Nutchalee Boonyakarnkul Certified Public Accountant No. 3126Ms. Suphamit Techamontrikul Certified Public Accountant No. 3356Deloitte Touche Tohmatsu Jaiyos Company LimitedRachanakarn Building, 25th Floor, Sathorn Tai Road, Yannawa,Sathorn, Bangkok 10120Tel. 02- 676-5700 Fax : 02-676-5757

Law Consultant OfficeC.B. Law Office92/22, 10th Floor, Sathornthani Building 2North Sathorn Road, Bangrak, Bangkok 10500Tel. 02-238-3689 Fax : 02-236-4980

KCE ELECTRONICS PUBLIC COMPANY LIMITED, Originally known as Kuang Charoen ElectronicsCompany Limited, is located at 125-125/1, 1 Moo 4 Lat Krabang Industrial Estate, Chalongkrung Road, KwangLumplatew, Lat Krabang, Bangkok 10520 Tel. (662) 326-0196 Fax : (662) 326-0300

Founded in 1982, the company became a public company listed on the Stock Exchange of Thailand in 1988,and conversed its status from a limited company to a Public Company Limited in 1992. The registered capital isnow Baht 450 million, paid up Baht 308.1 million.

The core business of the company is the production and distribution of Printed Circuit Board (PCB),essentially electrically conductive circuits manufactured from an epoxy glass copper lead laminated under theçKCEé trademark.

Group of PCBs manufacturing is consisting of 3 subsidiaries. The multilayer PCBs with higher layer countproduces at KCE Electronics Public Company Limited (Parent Company) at Lat Krabang Industrial Estate. Thedouble sided PCBs produces at K.C.E. International Co., Ltd., a subsidiary of KCE (94.99% owned) at BangpooIndustrial Estate. Thai Laminate Manufacturers Co., Ltd., a subsidiary Of KCE (97.63% owned) produces a majorPCB raw material, prepreg and laminate. KCE Technology Co., Ltd., a new subsidiary of KCE (100% owned)at Hi-Tech Industrial Estate to expand the capacity of PCB manufacturing

KCE has a network of sales offices in Singapore, KCE Singapore Pte. Ltd. (47.77% owned), in America,KCE America Inc. (48.75% owned), and in Europe, offering full commercial and technical support to thecustomers worldwide.

33√“¬ß“πª√–®”ªï 2545

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¢â“æ‡®â“‰¥âµ√«® Õ∫ß∫¥ÿ≈√«¡¢Õß∫√‘…—∑ ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ·≈–ß∫¥ÿ≈‡©æ“–¢Õß∫√‘…—∑ ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ß∫°”‰√¢“¥∑ÿπ√«¡ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ√«¡·≈–ß∫°√–· ‡ß‘π ¥√«¡ ·≈–ß∫°”‰√¢“¥∑ÿπ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ ·≈–ß∫°√–· ‡ß‘π ¥‡©æ“–¢Õß∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π´÷Ë ßºŸâ∫√‘À“√¢Õß°‘®°“√‡ªìπºŸâ√—∫º‘¥™Õ∫µàÕ§«“¡∂Ÿ°µâÕß·≈–§√∫∂â«π¢Õß¢âÕ¡Ÿ≈„πß∫°“√‡ß‘π‡À≈à“π’È à«π¢â“æ‡®â“‡ªìπºŸâ√—∫º‘¥™Õ∫ „π°“√· ¥ß§«“¡‡ÀÁπµàÕß∫°“√‡ß‘π¥—ß°≈à“« ®“°º≈°“√µ√«® Õ∫¢Õß¢â“æ‡®â“ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 (°àÕπ°“√ª√—∫ª√ÿßµ“¡∑’Ë°≈à“«∂÷ß„π«√√§∑’Ë ’Ë·≈–«√√§∑’ËÀâ“) µ√«® Õ∫‚¥¬ºŸâ Õ∫∫—≠™’Õ◊Ëπ„π ”π—°ß“π‡¥’¬«°—π ´÷Ëß‰¥â· ¥ß§«“¡‡ÀÁπÕ¬à“ß‰¡à¡’‡ß◊ËÕπ‰¢µ“¡√“¬ß“π°“√ Õ∫∫—≠™’≈ß«—π∑’Ë 11 °ÿ¡¿“æ—π∏å 2545 ‚¥¬¡’«√√§Õ∏‘∫“¬‡°’Ë¬«°—∫°“√∑’Ë∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ Õß·Ààß ‰¥â‡ª≈’Ë¬π«‘∏’°“√∫—≠™’ ”À√—∫∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å ®“°«‘∏’√“§“∑’Ëµ’„À¡à¡“‡ªìπ«‘∏’√“§“∑ÿπ ≥ «—π∑’Ë 30 ¡‘∂ÿπ“¬π 2544

¢â“æ‡®â“‰¥âªØ‘∫—µ‘ß“πµ√«® Õ∫µ“¡¡“µ√∞“π°“√ Õ∫∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ÷Ëß°”Àπ¥„Àâ¢â“æ‡®â“µâÕß«“ß·ºπ·≈–ªØ‘∫—µ‘ß“π‡æ◊ËÕ„Àâ ‰¥â§«“¡‡™◊ËÕ¡—ËπÕ¬à“ß¡’‡Àµÿº≈«à“ ß∫°“√‡ß‘π· ¥ß¢âÕ¡Ÿ≈∑’Ë¢—¥µàÕ¢âÕ‡∑Á®®√‘ßÕ—π‡ªìπ “√– ”§—≠À√◊Õ‰¡à °“√µ√«® Õ∫√«¡∂÷ß°“√„™â«‘∏’°“√∑¥ Õ∫À≈—°∞“πª√–°Õ∫√“¬°“√∑—Èß∑’Ë‡ªìπ®”π«π‡ß‘π·≈–°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈„πß∫°“√‡ß‘π °“√ª√–‡¡‘π§«“¡‡À¡“– ¡¢ÕßÀ≈—°°“√∫—≠™’∑’Ë°‘®°“√„™â·≈–ª√–¡“≥°“√‡°’Ë¬«°—∫√“¬°“√∑“ß°“√‡ß‘π∑’Ë‡ªìπ “√– ”§—≠ ´÷ËßºŸâ∫√‘À“√‡ªìπºŸâ®—¥∑”¢÷Èπµ≈Õ¥®π°“√ª√–‡¡‘π∂÷ß§«“¡‡À¡“– ¡¢Õß°“√· ¥ß√“¬°“√∑’Ëπ”‡ πÕ„πß∫°“√‡ß‘π‚¥¬√«¡ ¢â“æ‡®â“‡™◊ËÕ«à“°“√µ√«® Õ∫¥—ß°≈à“«„Àâ¢âÕ √ÿª∑’Ë‡ªìπ‡°≥±åÕ¬à“ß‡À¡“– ¡„π°“√· ¥ß§«“¡‡ÀÁπ¢Õß¢â“æ‡®â“

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µ“¡∑’Ë°≈à“«‰«â„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√–À«à“ß°“≈¢âÕ 10.2 ∫√‘…—∑‰¥âª√—∫ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 ¬âÕπÀ≈—ß ”À√—∫∫—≠™’ à«π·∫àß¢“¥∑ÿπ®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬¢Õß∫√‘…—∑√à«¡ ‡π◊ËÕß®“°∫√‘…—∑‰¥â√—∫ß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥

°√ÿß‡∑æ¡À“π§√«—π∑’Ë 25 °ÿ¡¿“æ—π∏å 2546


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ß∫¥ÿ≈

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‘π∑√—æ¬å

‘π∑√—æ¬åÀ¡ÿπ‡«’¬π

‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ 369,659,063 329,624,339 144,219,640 169,966,635

‡ß‘π≈ß∑ÿπ™—Ë«§√“« 5

‡ß‘πΩ“°∏π“§“√ª√–‡¿∑‡ß‘πΩ“°ª√–®” - 334,664 - 334,664

≈Ÿ°Àπ’È°“√§â“ 936,639,085 605,211,594 431,475,618 330,019,492

≈Ÿ°Àπ’È°“√§â“°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 16 110,170,602 60,846,564 48,614,908 50,102,398

1,046,809,687 666,058,158 480,090,526 380,121,890

À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ (3,619,447) (4,253,590) (3,619,447) (3,133,977)

≈Ÿ°Àπ’È°“√§â“- ÿ∑∏‘ 1,043,190,240 661,804,568 476,471,079 376,987,913

‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–‡ß‘π∑¥√Õß

·°à°√√¡°“√·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 16 - 742,267 2,952,789 3,867,400

‘π§â“§ß‡À≈◊Õ- ÿ∑∏‘ 9 678,456,919 611,801,307 292,202,089 351,960,844

‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ

≈Ÿ°Àπ’È°√¡ √√æ“°√ 5,587,170 5,872,273 1,935,930 2,932,610

§à“„™â®à“¬®à“¬≈à«ßÀπâ“ 13,148,440 5,401,634 6,041,717 2,079,035

≈Ÿ°Àπ’ÈÕ◊Ëπ 10,805,515 15,246,745 492,394 -

Õ◊ËπÊ 4,870,068 2,049,780 2,110,024 305,485

√«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π 2,125,717,415 1,632,877,577 926,425,662 908,434,586

À¡“¬‡Àµÿ¢âÕ

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‘π∑√—æ¬å ‰¡àÀ¡ÿπ‡«’¬π

‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬ 10 40,693,371 39,012,956 1,520,860,841 1,223,803,230

‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ 426,398 426,398 426,398 426,398

∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å- ÿ∑∏‘ 11 3,599,992,186 3,033,376,032 778,818,336 725,622,962

§à“§«“¡π‘¬¡- ÿ∑∏‘ 10.5 6,302,097 12,332,204 - -

‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ

‡ß‘π¡—¥®” 10,043,432 18,799,315 5,183,653 17,939,326

Õ◊ËπÊ 40,000 40,000 40,000 40,000

√«¡ ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π 3,657,497,484 3,103,986,905 2,305,329,228 1,967,831,916

√«¡ ‘π∑√—æ¬å 5,783,214,899 4,736,864,482 3,231,754,890 2,876,266,502

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KCE ELECTRONICS PCL

ß∫¥ÿ≈ (µàÕ)∫√‘…—∑ ‡§ ’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬∫√‘…—∑ ‡§ ’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬

Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ

Àπ’È ‘πÀ¡ÿπ‡«’¬π

‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ

®“° ∂“∫—π°“√‡ß‘π 12 945,317,983 824,973,661 603,643,683 417,489,889

‡®â“Àπ’È°“√§â“ 521,882,970 288,532,308 152,913,438 118,832,546

‡®â“Àπ’È°“√§â“°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 16 77,766,967 27,029,989 186,561,910 135,928,226

‡ß‘π°Ÿâ¬◊¡√–¬–¬“«∑’Ë∂÷ß°”Àπ¥

™”√–¿“¬„πÀπ÷Ëßªï 13 420,995,366 265,870,145 180,279,848 208,996,506

‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ·≈–‡ß‘π∑¥√Õß

®“°°√√¡°“√·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 16 3,265,627 1,779,323 1,119,204 652,468

Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ

¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈§â“ß®à“¬ 14,904,008 15,419,729 - -

§à“„™â®à“¬§â“ß®à“¬ 68,901,998 50,982,901 31,972,195 27,763,419

‡®â“Àπ’ÈÕ◊Ëπ 24,724,835 7,148,605 - 2,200,000

‡®â“Àπ’ÈÕ◊Ëπ®“°°“√´◊ÈÕ ‘π∑√—æ¬å∂“«√ 220,382,150 75,051,827 49,467,744 6,397,687

¥Õ°‡∫’È¬§â“ß®à“¬ 9,569,368 11,368,356 2,103,766 2,568,579

Õ◊ËπÊ 4,565,815 1,165,742 1,042,220 575,634

√«¡Àπ’È ‘πÀ¡ÿπ‡«’¬π 2,312,277,087 1,569,322,586 1,209,104,008 921,404,954

Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π

‡ß‘π°Ÿâ¬◊¡√–¬–¬“« 13 1,635,787,265 1,502,330,910 210,203,195 305,379,050

√«¡Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π 1,635,787,265 1,502,330,910 210,203,195 305,379,050

√«¡Àπ’È ‘π 3,948,064,352 3,071,653,496 1,419,307,203 1,226,784,004

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à«π¢ÕßºŸâ∂◊ÕÀÿâπ

∑ÿπ‡√◊ÕπÀÿâπ 18

∑ÿπ®¥∑–‡∫’¬π

Àÿâπ “¡—≠ 45,000,000 Àÿâπ

¡Ÿ≈§à“Àÿâπ≈– 10.00 ∫“∑ 450,000,000 450,000,000 450,000,000 450,000,000

∑ÿπ∑’ËÕÕ°·≈–™”√–·≈â«

Àÿâπ “¡—≠ 30,827,000 Àÿâπ

¡Ÿ≈§à“Àÿâπ≈– 10.00 ∫“∑ ™”√–§√∫·≈â« 308,270,000 308,270,000

Àÿâπ “¡—≠ 30,230,000 Àÿâπ

¡Ÿ≈§à“Àÿâπ≈– 10.00 ∫“∑ ™”√–§√∫·≈â« 302,300,000 302,300,000

„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®– ◊ÈÕÀÿâπ

„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ ®”π«π

636,000 Àπà«¬ ¡Ÿ≈§à“Àπà«¬≈– 0 ∫“∑ - -

„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ ®”π«π

1,270,000 Àπà«¬ ¡Ÿ≈§à“Àπà«¬≈– 0 ∫“∑ - -

à«π‡°‘π∑ÿπ

à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠ 1,007,405,000 998,450,000 1,007,405,000 998,450,000

°”‰√ – ¡

®—¥ √√·≈â«

”√Õßµ“¡°ÆÀ¡“¬ 45,000,000 45,000,000 45,000,000 45,000,000

¬—ß‰¡à‰¥â®—¥ √√ 451,772,687 303,732,498 451,772,687 303,732,498

Àÿâπ¢Õß∫√‘…—∑∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬ 5 (22,881,799) (25,681,871) - -

à«π‡°‘π¡Ÿ≈§à“Àÿâπ - Àÿâπ¢Õß∫√‘…—∑∑’Ë∂◊Õ

‚¥¬∫√‘…—∑¬àÕ¬ 5 4,147,798 - - -

√«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ∫√‘…—∑„À≠à 1,793,713,686 1,623,800,627 1,812,447,687 1,649,482,498

à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ 41,436,861 41,410,359 - -

√«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ 1,835,150,547 1,665,210,986 1,812,447,687 1,649,482,498

√«¡Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ 5,783,214,899 4,736,864,482 3,231,754,890 2,876,266,502

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KCE ELECTRONICS PCL

ß∫°”‰√¢“¥∑ÿπ


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√“¬‰¥â®“°°“√¢“¬ 3,619,328,967 3,501,559,726 1,793,163,528 2,150,907,365

√“¬‰¥âÕ◊Ëπ

°”‰√®“°Õ—µ√“·≈°‡ª≈’Ë¬π 56,357,283 14,895,177 18,734,896 23,774,901

¥Õ°‡∫’È¬√—∫ 31,746,778 32,258,879 30,418,882 31,812,048

Õ◊ËπÊ 26,279,230 26,566,211 17,737,977 17,506,980

à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ àà«π‰¥â‡ ’¬

¢Õß∫√‘…—∑¬àÕ¬ - - 128,367,396 -

à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬

¢Õß∫√‘…—∑√à«¡ 10.1 1,680,415 - 1,680,415 -

√«¡√“¬‰¥â 3,735,392,673 3,575,279,993 1,990,103,094 2,224,001,294

§à“„™â®à“¬

µâπ∑ÿπ¢“¬ 2,850,261,903 2,860,105,996 1,526,419,093 1,752,307,008

§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ 517,986,671 485,832,341 230,097,560 233,303,209

§à“„™â®à“¬Õ◊Ëπ

Àπ’È ß —¬®– Ÿ≠ - °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 29,942,635 29,942,634 29,942,635 29,942,634

Õ◊ËπÊ 16,328,956 19,236,221 12,661,627 12,983,263

à«π·∫àß¢“¥∑ÿπ®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬

¢Õß∫√‘…—∑¬àÕ¬ - - - 122,286,349

à«π·∫àß¢“¥∑ÿπ®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬

¢Õß∫√‘…—∑√à«¡ 10.1 - 5,006,842 - 5,006,842

√«¡§à“„™â®à“¬ 3,414,520,165 3,400,124,034 1,799,120,915 2,155,829,305

Àπà«¬ : ∫“∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡

2544ª√—∫ª√ÿß„À¡à

2544ª√—∫ª√ÿß„À¡à


ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑2545 2545

39√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å


°”‰√°àÕπÀ—°¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â 320,872,508 175,155,959 190,982,179 68,171,989

À—° ¥Õ°‡∫’È¬®à“¬ 136,904,937 150,243,619 42,941,990 64,938,804

À—° ¿“…’‡ß‘π‰¥â 28,891,080 16,128,495 - -

°”‰√À≈—ßÀ—°¿“…’‡ß‘π‰¥â 155,076,491 8,783,845 148,040,189 3,233,185

À—° °”‰√ ÿ∑∏‘ à«π∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ 7,036,302 5,550,660 - -

°”‰√ ÿ∑∏‘ 148,040,189 3,233,185 148,040,189 3,233,185

°”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π 5 4.85 0.11 4.85 0.11

®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—° (Àÿâπ) 18.5 30,555,156 30,159,041 30,555,156 30,159,041

°”‰√µàÕÀÿâπª√—∫≈¥ 5 4.79 0.11 4.79 0.11

®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°ª√—∫≈¥ (Àÿâπ) 18.5 30,930,697 30,757,936 30,930,697 30,757,936

Àπà«¬ : ∫“∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡

2544ª√—∫ª√ÿß„À¡à

2544ª√—∫ª√ÿß„À¡à


ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑2545 2545


KCE ELECTRONICS PCL

ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß à«π¢ÕßºŸâ∂◊ÕÀÿâπ

Àπà«¬ : ∫“∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡


ß∫°“√‡ß‘π√«¡

À¡“¬‡Àµÿ ∑ÿπ∑’ËÕÕ° à«π‡°‘π °”‰√ – ¡ Àÿâπ¢Õß∫√‘…—∑ à«π‡°‘π¡Ÿ≈§à“Àÿâπ- à«π¢ÕßºŸâ∂◊ÕÀÿâπ √«¡

¢âÕ ·≈– ¡Ÿ≈§à“Àÿâπ “¡—≠ ®—¥ √√·≈â« ¬—ß‰¡à ‰¥â®—¥ √√ ∑’Ë∂◊Õ‚¥¬ Àÿâπ¢Õß∫√‘…—∑∑’Ë à«ππâÕ¬™”√–·≈â« ∫√‘…—∑¬àÕ¬ ∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬

¬Õ¥§ß‡À≈◊Õµâπß«¥ (ª√—∫ª√ÿß„À¡à) (ª√—∫ª√ÿß„À¡à) (ª√—∫ª√ÿß„À¡à) (ª√—∫ª√ÿß„À¡à) (ª√—∫ª√ÿß„À¡à)

≥ «—π∑’Ë 1 ¡°√“§¡ 2544 300,900,000 996,350,000 45,000,000 300,303,242 - - 38,853,564 1,681,406,806

º≈ – ¡®“°°“√‡ª≈’Ë¬π·ª≈ß

π‚¬∫“¬°“√∫—≠™’ 5 - - - 196,071 (1,621,606) - 10,335 (1,415,200)

¬Õ¥¬°¡“À≈—ß°“√ª√—∫ª√ÿß 300,900,000 996,350,000 45,000,000 300,499,313 (1,621,606) - 38,863,899 1,679,991,606

°”‰√ ÿ∑∏‘ - - - 3,233,185 - - 5,550,660 8,783,845

Àÿâπ “¡—≠ 1,400,000 - - - - - - 1,400,000

à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠ - 2,100,000 - - - - - 2,100,000

‡ß‘πªíπº≈ - - - - - - (3,004,200) (3,004,200)

∫√‘…—∑¬àÕ¬´◊ÈÕÀÿâπ “¡—≠¢Õß∫√‘…—∑ - - - - (24,060,265) - - (24,060,265)

¬Õ¥§ß‡À≈◊Õª≈“¬ß«¥

≥ «—π∑’Ë 31 ∏—π«“§¡ 2544 302,300,000 998,450,000 45,000,000 303,732,498 (25,681,871) - 41,410,359 1,665,210,986

¬Õ¥§ß‡À≈◊Õµâπß«¥

≥ «—π∑’Ë 1 ¡°√“§¡ 2545 302,300,000 998,450,000 45,000,000 302,744,804 - - 41,113,188 1,689,607,992

º≈ – ¡®“°°“√‡ª≈’Ë¬π·ª≈ß

π‚¬∫“¬°“√∫—≠™’ 5 - - - 7,229,079 (25,681,871) - 297,171 (18,155,621)

º≈ – ¡®“°°“√·°â‰¢¢âÕº‘¥æ≈“¥

∑“ß∫—≠™’ 10.2 - - - (6,241,385) - - - (6,241,385)

¬Õ¥¬°¡“À≈—ß°“√ª√—∫ª√ÿß 302,300,000 998,450,000 45,000,000 303,732,498 (25,681,871) - 41,410,359 1,665,210,986

°”‰√ ÿ∑∏‘ - - - 148,040,189 - - 7,036,302 155,076,491

Àÿâπ “¡—≠ 5,970,000 - - - - - - 5,970,000

à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠ - 8,955,000 - - - - - 8,955,000

∫√‘…—∑¬àÕ¬´◊ÈÕÀÿâπ “¡—≠¢Õß∫√‘…—∑ - - - - (17,613,511) - - (17,613,511)

∫√‘…—∑¬àÕ¬¢“¬Àÿâπ “¡—≠¢Õß∫√‘…—∑ - - - - 20,413,583 - - 20,413,583

à«π‡°‘π¡Ÿ≈§à“Àÿâπ - Àÿâπ¢Õß∫√‘…—∑

∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬ - - - - - 4,147,798 - 4,147,798

‡ß‘πªíπº≈ - - - - - - (7,009,800) (7,009,800)

¬Õ¥§ß‡À≈◊Õª≈“¬ß«¥

≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 308,270,000 1,007,405,000 45,000,000 451,772,687 (22,881,799) 4,147,798 41,436,861 1,835,150,547

41√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡


ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑À¡“¬‡Àµÿ ∑ÿπ∑’ËÕÕ° à«π‡°‘π °”‰√ – ¡ √«¡

¢âÕ ·≈– ¡Ÿ≈§à“Àÿâπ “¡—≠ ®—¥ √√·≈â« ¬—ß‰¡à ‰¥â®—¥ √√™”√–·≈â« ª√—∫ª√ÿß„À¡à ª√—∫ª√ÿß„À¡à

¬Õ¥§ß‡À≈◊Õµâπß«¥ ≥ «—π∑’Ë 1 ¡°√“§¡ 2544 300,900,000 996,350,000 45,000,000 300,303,242 1,642,553,242

º≈ – ¡®“°°“√‡ª≈’Ë¬π·ª≈ß

π‚¬∫“¬°“√∫—≠™’ 5 - - - 196,071 196,071

¬Õ¥¬°¡“À≈—ß°“√ª√—∫ª√ÿß 300,900,000 996,350,000 45,000,000 300,499,313 1,642,749,313

°”‰√ ÿ∑∏‘ - - - 3,233,185 3,233,185

Àÿâπ “¡—≠ 1,400,000 - - - 1,400,000

à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠ - 2,100,000 - - 2,100,000

¬Õ¥§ß‡À≈◊Õª≈“¬ß«¥ ≥ «—π∑’Ë

31 ∏—π«“§¡ 2544 302,300,000 998,450,000 45,000,000 303,732,498 1,649,482,498

¬Õ¥§ß‡À≈◊Õµâπß«¥ ≥ «—π∑’Ë

1 ¡°√“§¡ 2545 302,300,000 998,450,000 45,000,000 302,744,804 1,648,494,804

º≈ – ¡®“°°“√‡ª≈’Ë¬π·ª≈ß

π‚¬∫“¬°“√∫—≠™’ 5 - - - 7,229,079 7,229,079

º≈ – ¡®“°°“√·°â‰¢¢âÕº‘¥æ≈“¥

∑“ß∫—≠™’ 10.2 - - - (6,241,385) (6,241,385)

¬Õ¥¬°¡“À≈—ß°“√ª√—∫ª√ÿß 302,300,000 998,450,000 45,000,000 303,732,498 1,649,482,498

°”‰√ ÿ∑∏‘ - - - 148,040,189 148,040,189

Àÿâπ “¡—≠ 5,970,000 - - - 5,970,000

à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠ - 8,955,000 - - 8,955,000

¬Õ¥§ß‡À≈◊Õª≈“¬ß«¥ ≥ «—π∑’Ë

31 ∏—π«“§¡ 2545 308,270,000 1,007,405,000 45,000,000 451,772,687 1,812,447,687

Àπà«¬ : ∫“∑


KCE ELECTRONICS PCL

ß∫°√–· ‡ß‘π ¥


Àπà«¬ : ∫“∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡

2544ª√—∫ª√ÿß„À¡à

2544ª√—∫ª√ÿß„À¡à


°√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π

°”‰√ ÿ∑∏‘ 148,040,189 3,233,185 148,040,189 3,233,185

∫«° (À—°) √“¬°“√ª√—∫ª√ÿß‡æ◊ËÕ°√–∑∫¬Õ¥

°”‰√ ÿ∑∏‘‡ªìπ‡ß‘π ¥ ÿ∑∏‘

à«π·∫àß (°”‰√) ¢“¥∑ÿπ®“°‡ß‘π≈ß∑ÿπ

µ“¡«‘∏’ à«π‰¥â‡ ’¬¢Õß∫√‘…—∑¬àÕ¬ - - (128,367,396) 122,286,349

à«π·∫àß (°”‰√) ¢“¥∑ÿπ®“°‡ß‘π≈ß∑ÿπ

µ“¡«‘∏’ à«π‰¥â‡ ’¬¢Õß∫√‘…—∑√à«¡ (1,680,415) 5,006,842 (1,680,415) 5,006,842

§à“‡ ◊ËÕ¡√“§“ 302,581,775 270,278,388 104,521,323 105,778,137

§à“§«“¡π‘¬¡µ—¥®”Àπà“¬ 6,030,107 6,030,107 - -

Àπ’È ß —¬®– Ÿ≠ 29,000,592 29,942,634 29,000,592 29,942,634

Àπ’È Ÿ≠ (‚Õπ°≈—∫) 2,890 (1,305,886) - (1,345,351)

§à“‡º◊ËÕ°“√≈¥¡Ÿ≈§à“ ‘π§â“§ß‡À≈◊Õ 757,333 3,509,317 - -

¢“¥∑ÿπ®“°Õ—µ√“·≈°‡ª≈’Ë¬π 21,214,874 7,631,648 4,888,677 1,915,591

°”‰√®“°°“√¢“¬ ‘π∑√—æ¬å∂“«√ (6,398,983) (9,657,830) (5,999,947) (7,172,399)

¢“¥∑ÿπ®“°°“√µ—¥®”Àπà“¬ ‘π∑√—æ¬å∂“«√ 202,784 3,853,992 145,866 2,108,378

à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π°”‰√ ÿ∑∏‘

¢Õß∫√‘…—∑¬àÕ¬ 7,036,302 5,550,660 - -

§à“µ—¥®”Àπà“¬ à«π≈¥®“°°“√∑” —≠≠“´◊ÈÕ¢“¬

‡ß‘πµ√“µà“ßª√–‡∑»≈à«ßÀπâ“ (37,477) 649,092 - -

¢“¥∑ÿπ®“°°“√µ—¥®”Àπà“¬¿“…’∂Ÿ°À—° ≥ ∑’Ë®à“¬ 13,855 - 13,855 -

°”‰√®“°°“√µ—¥®”Àπà“¬‡®â“Àπ’È°“√§â“ (5,450,873) (3,594,563) (5,450,873) (3,533,267)

¥Õ°‡∫’È¬√—∫®“°∫√‘…—∑√à«¡ (29,942,635) (29,942,634) (29,942,635) (29,942,634)

¢“¥∑ÿπ®“°°“√µ—¥®”Àπà“¬ ‘π§â“§ß‡À≈◊Õ 14,939,895 12,589,070 14,939,895 12,589,070

°”‰√®“°°“√¥”‡π‘πß“π°àÕπ°“√‡ª≈’Ë¬π·ª≈ß

„π ‘π∑√—æ¬å·≈–Àπ’È ‘π¥”‡π‘πß“π 486,310,213 303,774,022 130,109,131 240,866,535

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑2545 2545

43√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

Àπà«¬ : ∫“∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡

2544ª√—∫ª√ÿß„À¡à

2544ª√—∫ª√ÿß„À¡à


°√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π (µàÕ)

‘π∑√—æ¬å¥”‡π‘πß“π (‡æ‘Ë¡) ≈¥

≈Ÿ°Àπ’È°“√§â“ (331,696,309) 255,593,825 (100,602,441) 207,272,161

≈Ÿ°Àπ’È°“√§â“∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π (48,750,210) 55,854,729 2,061,318 72,996,615

‘π§â“§ß‡À≈◊Õ (82,352,840) 198,080,334 44,818,860 114,716,190

‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–‡ß‘π∑¥√Õß·°à°√√¡°“√

·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 742,267 - (305,489) (22,678)

≈Ÿ°Àπ’È°√¡ √√æ“°√ 285,103 15,905,354 996,680 3,939,464

§à“„™â®à“¬®à“¬≈à«ßÀπâ“ (7,746,806) (1,621,488) (3,962,682) (813,229)

≈Ÿ°Àπ’ÈÕ◊Ëπ 4,441,230 (15,246,745) (492,394) 708,172

‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ (2,904,304) 1,766,255 (1,818,394) 101,681

‡ß‘π¡—¥®” (4,680,790) 879,893 (681,000) (179,887)

Àπ’È ‘π¥”‡π‘πß“π‡æ‘Ë¡¢÷Èπ (≈¥≈ß)

‡®â“Àπ’È°“√§â“ 236,545,976 (210,784,988) 37,635,126 (110,665,681)

‡®â“Àπ’È°“√§â“∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π 51,818,430 (34,484,057) 51,715,136 (67,922,664)

‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ·≈–‡ß‘π∑¥√Õß

®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π 256,531 (109,927) (52,468) (61,580,950)

¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈§â“ß®à“¬ (515,721) (14,673,281) - -

§à“„™â®à“¬§â“ß®à“¬ 18,965,018 (58,842,364) 5,140,250 (32,531,757)

¥Õ°‡∫’È¬§â“ß®à“¬ (1,798,988) (11,927,843) (464,813) (2,396,055)

‡®â“Àπ’ÈÕ◊Ëπ 19,776,230 2,877,158 - -

Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ 3,151,641 (2,534,401) 466,586 (302,963)

‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“°°‘®°√√¡¥”‡π‘πß“π 341,846,671 484,506,476 164,563,406 364,184,954

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑2545 2545


KCE ELECTRONICS PCL

ß∫°√–· ‡ß‘π ¥ (µàÕ)∫√‘…—∑ ‡§ ’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬∫√‘…—∑ ‡§ ’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬

Àπà«¬ : ∫“∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡

2544ª√—∫ª√ÿß„À¡à

2544ª√—∫ª√ÿß„À¡à


°√–· ‡ß‘π ¥®“°°‘®°√√¡≈ß∑ÿπ

‡ß‘πΩ“°∏π“§“√ª√–‡¿∑‡ß‘πΩ“°ª√–®”

(‡æ‘Ë¡¢÷Èπ) ≈¥≈ß 334,664 (3,046) 334,664 (3,046)

‡ß‘π ¥√—∫®“°°“√¢“¬ ‘π∑√—æ¬å∂“«√ 9,880,836 10,964,954 28,917,325 11,372,565

‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬‡æ‘Ë¡¢÷Èπ - (300,000,000) -

‡ß‘π ¥®à“¬®“°°“√ ◊ÈÕ ‘π∑√—æ¬å∂“«√ (718,011,854) (589,169,681) (124,611,283) (134,698,936)

‡ß‘πªíπº≈√—∫ - - 132,990,200 56,995,800

‡ß‘π ¥√—∫®“°°“√¢“¬‡ß‘π≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ - 47 - 47

‡ß‘π ¥ ÿ∑∏‘„™â‰ª„π°‘®°√√¡≈ß∑ÿπ (707,796,354) (578,207,726) (262,369,094) (66,333,570)

°√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π

‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡

®“° ∂“∫—π°“√‡ß‘π‡æ‘Ë¡¢÷Èπ (≈¥≈ß) 112,224,176 (825,311,174) 182,728,333 (113,405,511)

‡ß‘π°Ÿâ¬◊¡√–¬–¬“«‡æ‘Ë¡¢÷Èπ (≈¥≈ß) 281,097,161 1,020,472,904 (123,394,640) (173,161,358)

Àÿâπ¢Õß∫√‘…—∑∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬‡æ‘Ë¡¢÷Èπ (17,613,511) (24,060,265) - -

‡ß‘π ¥√—∫®“°°“√¢“¬Àÿâπ¢Õß∫√‘…—∑∑’Ë∂◊Õ

‚¥¬∫√‘…—∑¬àÕ¬ 24,561,381 - - -

‡ß‘π ¥√—∫®“°°“√„™â ‘∑∏‘¢Õß„∫ ”§—≠· ¥ß ‘∑∏‘ 12,725,000 5,700,000 12,725,000 5,700,000

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à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ (7,009,800) (3,004,200) - -

‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“° („™â‰ª„π)

°‘®°√√¡®—¥À“‡ß‘π 405,984,407 173,797,265 72,058,693 (280,866,869)

‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥‡æ‘Ë¡¢÷Èπ

(≈¥≈ß)- ÿ∑∏‘ 40,034,724 80,096,015 (25,746,995) 16,984,515

‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥

≥ «—π∑’Ë 1 ¡°√“§¡ 329,624,339 249,528,324 169,966,635 152,982,120

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≥ «—π∑’Ë 31 ∏—π«“§¡ 6.2 369,659,063 329,624,339 144,219,640 169,966,635


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1. §«“¡º—πº«π∑“ß‡»√…∞°‘®„π¿Ÿ¡‘¿“§‡Õ‡™’¬·ª ‘øî°ª√–‡∑»‰∑¬·≈–ª√–‡∑»„π¿Ÿ¡‘¿“§‡Õ‡™’¬·ª ‘øî°À≈“¬ª√–‡∑»‰¥âª√– ∫ªí≠À“∑“ß‡»√…∞°‘® ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–

¢Õß∫√‘…—∑π’È ‰¥â√«¡º≈°√–∑∫¢Õß ∂“π°“√≥å∑“ß‡»√…∞°‘®∑’Ë¡’µàÕ∞“π–°“√‡ß‘π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬µ“¡∑’ËºŸâ∫√‘À“√‰¥âª√–‡¡‘π‰«â·≈â«

2. °“√¥”‡π‘πß“π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬∫√‘…—∑ ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π) ‡ªìπ∫√‘…—∑∑’Ë®¥∑–‡∫’¬π„πµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ‚¥¬¡’ ”π—°ß“π„À≠à·≈–

‚√ßß“πÕ¬Ÿà∑’Ë 125 - 125/1, 1 À¡Ÿà 4 π‘§¡Õÿµ “À°√√¡≈“¥°√–∫—ß ·¢«ß≈”ª≈“∑‘« ‡¢µ≈“¥°√–∫—ß °√ÿß‡∑æ¡À“π§√ ∫√‘…—∑ª√–°Õ∫∏ÿ√°‘®

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«—µ∂ÿª√– ß§åÀ≈—°¢Õß∫√‘…—∑¬àÕ¬§◊Õ º≈‘µ·≈–®”Àπà“¬·ºß«ß®√Õ‘‡≈Á°∑√Õπ‘° å ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑¬àÕ¬

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∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑¬àÕ¬ ‡ªìπ∫√‘…—∑®¥∑–‡∫’¬π„πª√–‡∑»‰∑¬ ¡’ ∂“πª√–°Õ∫°“√

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139 §π ·≈– 150 §π µ“¡≈”¥—∫

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ ´÷Ëß‡ªìπ∫√‘…—∑¬àÕ¬ ‡ªìπ∫√‘…—∑®¥∑–‡∫’¬π„πª√–‡∑»‰∑¬ ¡’ ∂“πª√–°Õ∫°“√®¥∑–‡∫’¬πµ—ÈßÕ¬Ÿà∑’Ë

117 À¡Ÿà 1 π‘§¡Õÿµ “À°√√¡‰Œ‡∑§ µ”∫≈∫â“π‡≈π Õ”‡¿Õ∫“ßª–Õ‘π ®—ßÀ«—¥æ√–π§√»√’Õ¬ÿ∏¬“ «—µ∂ÿª√– ß§åÀ≈—°¢Õß∫√‘…—∑¬àÕ¬§◊Õ

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501 ≈â“π∫“∑ ·≈– 468 ≈â“π∫“∑ µ“¡≈”¥—∫ ·≈–„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑‡ªìπ®”π«π∑—Èß ‘Èπ 225 ≈â“π∫“∑ ·≈– 241 ≈â“π∫“∑

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3. ‡°≥±å°“√‡ πÕß∫°“√‡ß‘π

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¢Õß°√¡∑–‡∫’¬π°“√§â“≈ß«—π∑’Ë 14 °—π¬“¬π 2544 ‡√◊ËÕß °”Àπ¥√“¬°“√¬àÕ∑’ËµâÕß¡’„πß∫°“√‡ß‘π æ.». 2544 ·≈–ß∫°“√‡ß‘π√«¡·≈–ß∫

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ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545

∫√‘…—∑®—¥∑”ß∫°“√‡ß‘πµ“¡°ÆÀ¡“¬‡ªìπ¿“…“‰∑¬µ“¡¡“µ√∞“π°“√∫—≠™’·≈–«‘∏’ªØ‘∫—µ‘∑“ß°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª„πª√–‡∑»‰∑¬

3.2 ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑‰¥â√«¡√“¬°“√∫—≠™’¢Õß∫√‘…—∑¬àÕ¬ 3 ∫√‘…—∑ ·≈–∫√‘…—∑√à«¡ 2 ∫√‘…—∑

√“¬°“√·≈–¬Õ¥§ß‡À≈◊Õ√–À«à“ß°—π∑’Ë ”§—≠‰¥âµ—¥∫—≠™’·≈â« °“√∂◊ÕÀÿâπ„π∫√‘…—∑¬àÕ¬¡’¥—ßπ’È


KCE ELECTRONICS PCL

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2545 2544

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ 94.99 94.99

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥

(∂◊ÕÀÿâπ‚¥¬∑“ßµ√ß·≈–∑“ßÕâÕ¡) 97.63 97.63

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ 100.00 100.00

4. π‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠

4.1 √“¬‰¥â

∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬√—∫√Ÿâ√“¬‰¥â‡¡◊ËÕ¡’°“√ àß ‘π§â“·≈–°√√¡ ‘∑∏‘Ï„π ‘π§â“‰¥â‚Õπ„Àâ·°àºŸâ´◊ÈÕ·≈â«

4.2 §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠

§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠§”π«≥®“°®”π«πÀπ’È∑’Ë§“¥«à“®–‡√’¬°‡°Á∫‡ß‘π‰¡à‰¥â

4.3 ‘π§â“§ß‡À≈◊Õ

‘π§â“§ß‡À≈◊Õ· ¥ß„π√“§“∑ÿπÀ√◊Õ¡Ÿ≈§à“ ÿ∑∏‘∑’Ë®–‰¥â√—∫·≈â«·µà√“§“„¥®–µË”°«à“ √“§“∑ÿπ§”π«≥‚¥¬«‘∏’‡¢â“°àÕπ-ÕÕ°°àÕπ

µâπ∑ÿπ¢Õß ‘π§â“ ”‡√Á®√Ÿª·≈–ß“π√–À«à“ß∑”§”π«≥®“°§à“«—µ∂ÿ¥‘∫ §à“·√ß·≈–§à“‚ Àÿâ¬°“√º≈‘µ

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4.4 ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ∫√‘…—∑√à«¡·≈–∫√‘…—∑Õ◊Ëπ

‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑√à«¡· ¥ßµ“¡«‘∏’ à«π‰¥â‡ ’¬ ¬°‡«âπ°√≥’∑’Ë‡°‘¥°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπ®–√—∫√Ÿâº≈¢“¥∑ÿπ

„πß∫°”‰√¢“¥∑ÿπ

À≈—°∑√—æ¬å‡æ◊ËÕ§â“ §◊Õ À≈—°∑√—æ¬å∑’Ë∂◊Õ‰«â„π√–¬– —Èπ ·≈–· ¥ßµ“¡¡Ÿ≈§à“¬ÿµ‘∏√√¡ °”‰√À√◊Õ¢“¥∑ÿπ®“°°“√‡ª≈’Ë¬π·ª≈ß

„π¡Ÿ≈§à“¬ÿµ‘∏√√¡√—∫√Ÿâ‡ªìπ√“¬‰¥âÀ√◊Õ§à“„™â®à“¬„πß∫°”‰√¢“¥∑ÿπ

À≈—°∑√—æ¬å‡º◊ËÕ¢“¬· ¥ßµ“¡¡Ÿ≈§à“¬ÿµ‘∏√√¡ °”‰√À√◊Õ¢“¥∑ÿπ®“°°“√‡ª≈’Ë¬π·ª≈ß„π¡Ÿ≈§à“¬ÿµ‘∏√√¡√—∫√Ÿâ„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ

Àÿâπ¢Õß∫√‘…—∑∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬· ¥ßµ“¡√“§“∑ÿπ ´÷Ëß· ¥ßÀ—°„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ °”‰√À√◊Õ¢“¥∑ÿπ®“°°“√®”Àπà“¬√—∫√Ÿâ

„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ

‡ß‘π≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ‡ªìπÀ≈—°∑√—æ¬å‡æ◊ËÕ°“√≈ß∑ÿπ∑—Ë«‰ª· ¥ßµ“¡√“§“∑ÿπ

4.5 ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å

∑’Ë¥‘π· ¥ß„π√“§“∑ÿπ

Õ“§“√·≈–Õÿª°√≥å· ¥ß„π√“§“∑ÿπÀ—°§à“‡ ◊ËÕ¡√“§“ – ¡

§à“‡ ◊ËÕ¡√“§“§”π«≥‚¥¬„™â«‘∏’‡ âπµ√ßµ“¡Õ“¬ÿ°“√„™âß“π‚¥¬ª√–¡“≥¢Õß ‘π∑√—æ¬åµ“¡Õ—µ√“¥—ßπ’È

Õ“§“√·≈–‚√ßß“π 20 - 25 ªï

‡§√◊ËÕß®—°√·≈–Õÿª°√≥å 10 - 20 ªï

¬“πæ“Àπ– 5 ªï

‡§√◊ËÕßµ°·µàßµ‘¥µ—Èß·≈–Õÿª°√≥å ”π—°ß“π 5 - 10 ªï

à«πª√—∫ª√ÿß‚√ßß“π·≈– ”π—°ß“π 5 - 25 ªï

47√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

4.6 §à“§«“¡π‘¬¡

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µ—¥®”Àπà“¬¿“¬„π 10 ªï

4.7 µâπ∑ÿπ‡§√◊ËÕß®—°√·≈–Õÿª°√≥å√–À«à“ßµ‘¥µ—Èß

¥Õ°‡∫’È¬®à“¬‡ß‘π°Ÿâ¬◊¡ ·≈–§à“„™â®à“¬Õ◊Ëπ∑’Ë‡°’Ë¬«¢âÕß‚¥¬µ√ß°—∫ß“π√–À«à“ßµ‘¥µ—Èß∫—π∑÷°‡ªìπµâπ∑ÿπ¢Õß‡§√◊ËÕß®—°√·≈–Õÿª°√≥å

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4.8 √“¬°“√∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑»

‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑»·ª≈ß§à“‡ªìπ‡ß‘π∫“∑ ‚¥¬„™âÕ—µ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë‡°‘¥√“¬°“√ ¬Õ¥§ß‡À≈◊Õ

¢Õß ‘π∑√—æ¬å ·≈–Àπ’È ‘π∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑» ·≈– —≠≠“´◊ÈÕ¢“¬‡ß‘πµ√“µà“ßª√–‡∑»≈à«ßÀπâ“ ≥ «—π ‘Èπªï·ª≈ß§à“‡ªìπ‡ß‘π∫“∑ ‚¥¬

„™âÕ—µ√“Õâ“ßÕ‘ß¢Õß∏π“§“√·Ààßª√–‡∑»‰∑¬ ≥ «—ππ—Èπ

°”‰√À√◊Õ¢“¥∑ÿπ®“°Õ—µ√“·≈°‡ª≈’Ë¬π√—∫√Ÿâ‡ªìπ√“¬‰¥âÀ√◊Õ§à“„™â®à“¬„πß∫°”‰√¢“¥∑ÿπ

4.9 —≠≠“ ◊ÈÕ¢“¬‡ß‘πµ√“µà“ßª√–‡∑»≈à«ßÀπâ“

∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‰¥â∑” —≠≠“´◊ÈÕ¢“¬‡ß‘πµ√“µà“ßª√–‡∑»≈à«ßÀπâ“ „π°“√∫√‘À“√§«“¡‡ ’Ë¬ß¢Õß ‘π∑√—æ¬å·≈–Àπ’È ‘π

∑’Ë‡°‘¥®“°§«“¡‡ª≈’Ë¬π·ª≈ß¢ÕßÕ—µ√“·≈°‡ª≈’Ë¬π‡ß‘πµ√“µà“ßª√–‡∑»

à«πµà“ß¢ÕßÕ—µ√“·≈°‡ª≈’Ë¬π®“° —≠≠“ ◊ÈÕ¢“¬‡ß‘πµ√“≈à«ßÀπâ“∑’Ë¬—ß‰¡à§√∫°”Àπ¥ ‡ªìπº≈µà“ß¢ÕßÕ—µ√“·≈°‡ª≈’Ë¬π

·∫∫∑—π∑’„π —≠≠“´◊ÈÕ¢“¬‡ß‘πµ√“µà“ßª√–‡∑»≈à«ßÀπâ“°—∫Õ—µ√“·≈°‡ª≈’Ë¬πÕâ“ßÕ‘ß ≥ «—π ‘Èπªï¢Õß∏π“§“√·Ààßª√–‡∑»‰∑¬ ·≈–∫—π∑÷°

‡ªìπ√“¬‰¥âÀ√◊Õ§à“„™â®à“¬„πªï

º≈µà“ß√–À«à“ßÕ—µ√“·≈°‡ª≈’Ë¬π„π —≠≠“´◊ÈÕ¢“¬‡ß‘πµ√“µà“ßª√–‡∑»≈à«ßÀπâ“°—∫Õ—µ√“·≈°‡ª≈’Ë¬π∑—π∑’ ≥ «—π∑” —≠≠“

≈à«ßÀπâ“π”¡“‡©≈’Ë¬√—∫√Ÿâ‡ªìπ√“¬‰¥âÀ√◊Õ§à“„™â®à“¬µ“¡Õ“¬ÿ¢Õß —≠≠“

4.10 ¿“…’‡ß‘π‰¥â

§à“¿“…’‡ß‘π‰¥â∫—π∑÷°µ“¡®”π«π∑’Ë®à“¬·≈–∑’Ë‰¥âµ—Èß§â“ß®à“¬‰«â ”À√—∫ªï

4.11 °”‰√µàÕÀÿâπ

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 °”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π§”π«≥®“°°“√À“√°”‰√ ÿ∑∏‘¥â«¬®”π«πÀÿâπ “¡—≠

∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°¢ÕßÀÿâπ “¡—≠∑’ËÕÕ°√–À«à“ßªï

°”‰√µàÕÀÿâπª√—∫≈¥§”π«≥‚¥¬ª√—∫®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°¥â«¬º≈°√–∑∫¢ÕßÀÿâπ “¡—≠‡∑’¬∫‡∑à“µ“¡¡“µ√∞“π

°“√∫—≠™’©∫—∫∑’Ë 38 ‡√◊ËÕß °”‰√µàÕÀÿâπ (¥ŸÀ¡“¬‡Àµÿ¢âÕ 18)

4.12 °“√„™âª√–¡“≥°“√∑“ß∫—≠™’

„π°“√®—¥∑”ß∫°“√‡ß‘π‡æ◊ËÕ„Àâ‡ªìπ‰ªµ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ΩÉ“¬®—¥°“√¢Õß∫√‘…—∑µâÕß„™â°“√ª√–¡“≥·≈–

¢âÕ ¡¡µ‘∞“πÀ≈“¬ª√–°“√ ´÷Ëß¡’º≈°√–∑∫µàÕ®”π«π‡ß‘π∑’Ë‡°’Ë¬«°—∫ ‘π∑√—æ¬å Àπ’È ‘π √“¬‰¥â·≈–§à“„™â®à“¬ ·≈–°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈‡°’Ë¬«°—∫

‘π∑√—æ¬å·≈–Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ ´÷Ëßº≈∑’Ë‡°‘¥¢÷Èπ®√‘ßÕ“®·µ°µà“ß‰ª®“°®”π«π∑’Ë‰¥âª√–¡“≥‰«â

5. °“√‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬°“√∫—≠™’„πªï 2545 ∫√‘…—∑‰¥â‡ª≈’Ë¬π«‘∏’°“√∫—≠™’ ”À√—∫Àÿâπ¢Õß∫√‘…—∑∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬ Õß·Ààß (∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥

· ≈ –

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥) ®“°°“√∫—π∑÷°‡ªìπ‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å™—Ë«§√“« ÷Ëß· ¥ß‡ªìπ ‘π∑√—æ¬å „πß∫¥ÿ≈√«¡ ¡“∫—π∑÷°


KCE ELECTRONICS PCL

‡ªìπ∫—≠™’Àÿâπ¢Õß∫√‘…—∑∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬·≈–· ¥ßÀ—°„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ ÷Ëß‡ªìπ‰ªµ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ‚¥¬∫√‘…—∑

‰¥âª√—∫ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 ∑’Ëπ”¡“· ¥ß‡ª√’¬∫‡∑’¬∫¬âÕπÀ≈—ß‡æ◊ËÕ·

¥ßº≈°√–∑∫¢Õß°“√„™â«‘∏’ªØ‘∫—µ‘∑“ß∫—≠™’„À¡à¥—ß°≈à“«·≈â«

º≈°√–∑∫¢Õß°“√‡ª≈’Ë¬π·ª≈ß«‘∏’°“√∫—≠™’µàÕß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡

2545 ·≈– 2544 ¡’¥—ßπ’È

≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2544

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“– ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–

¢Õß∫√‘…—∑ ¢Õß∫√‘…—∑

∫“∑ ∫“∑ ∫“∑ ∫“∑

‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å™—Ë«§√“« (≈¥≈ß) (20,454,140) - (18,155,621) -

‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬‡æ‘Ë¡¢÷Èπ (≈¥≈ß) - (1,697,639) - 7,229,079

Àÿâπ¢Õß∫√‘…—∑∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬‡æ‘Ë¡¢÷Èπ 22,881,799 - 25,681,871 -

à«π‡°‘π¡Ÿ≈§à“Àÿâπ-Àÿâπ¢Õß∫√‘…—∑

∑’Ë∂◊Õ‚¥¬∫√‘…—∑¬àÕ¬‡æ‘Ë¡¢÷Èπ 4,147,798 - - -

°”‰√ – ¡‡æ‘Ë¡¢÷Èπ (≈¥≈ß) (1,697,639) (1,697,639) 7,229,079 7,229,079

à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬‡æ‘Ë¡¢÷Èπ (≈¥≈ß) (22,500) - 297,171 -

”À√—∫ªï ‘Èπ ÿ¥ ”À√—∫ªï ‘Èπ ÿ¥

«—π∑’Ë 31 ∏—π«“§¡ 2545 «—π∑’Ë 31 ∏—π«“§¡ 2544

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“– ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–

¢Õß∫√‘…—∑ ¢Õß∫√‘…—∑

∫“∑ ∫“∑ ∫“∑ ∫“∑

°”‰√ ÿ∑∏‘‡æ‘Ë¡¢÷Èπ (≈¥≈ß) (8,926,718) (8,926,718) 7,033,008 7,033,008

°”‰√µàÕÀÿâπ‡æ‘Ë¡¢÷Èπ (≈¥≈ß) (0.29) (0.29) 0.23 0.23

°”‰√µàÕÀÿâπª√—∫≈¥‡æ‘Ë¡¢÷Èπ (≈¥≈ß) (0.29) (0.29) 0.23 0.23

6. ¢âÕ¡Ÿ≈‡æ‘Ë¡‡µ‘¡‡°’Ë¬«°—∫°√–· ‡ß‘π ¥

6.1 ‡ß‘π ¥∑’Ë®à“¬ ”À√—∫¥Õ°‡∫’È¬·≈–¿“…’‡ß‘π‰¥â ¡’¥—ßπ’È

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

¥Õ°‡∫’È¬ 145,027,717 175,507,286 46,253,581 67,893,763

¿“…’‡ß‘π‰¥â 29,887,962 24,671,033 91,948 204,622

49√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

6.2 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ª√–°Õ∫¥â«¬

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√ 369,659,063 329,624,339 144,219,640 169,966,635

‡ß‘π≈ß∑ÿπ√–¬– —Èπ - 334,664 - 334,664

À—° ‡ß‘πΩ“°´÷Ëß¡’°”Àπ¥‡«≈“

‡°‘π°«à“ 3 ‡¥◊Õπ - (334,664) - (334,664)

369,659,063 329,624,339 144,219,640 169,966,635

6.3 √“¬°“√∑’Ë ‰¡à‡°’Ë¬«¢âÕß°—∫‡ß‘π ¥∑’Ë ”§—≠ ¡’¥—ßπ’È

6.3.1 √“¬°“√°‘®°√√¡≈ß∑ÿπ ´÷Ëß‰¡à‰¥â· ¥ß„πß∫°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ¡’¥—ßπ’È

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å 220,087,339 52,561,582 60,393,702 876,344

≈Ÿ°Àπ’ÈÕ◊Ëπ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π - (2,597,500) 1,846,984 (3,197,500)

∫«° (À—°) ‡ß‘π¡—¥®”‚Õπ‡ªìπ ‘π∑√—æ¬å∂“«√ (13,436,673) - (13,436,673) -

‡®â“Àπ’ÈÕ◊Ëπ®“°°“√´◊ÈÕ ‘π∑√—æ¬å∂“«√ (205,657,589) (61,853,296) (47,805,936) 1,721,156

‡®â“Àπ’ÈÕ◊Ëπ®“°°“√´◊ÈÕ ‘π∑√—æ¬å∂“«√

°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π (189,837) (2,428,165) (194,837) 600,000

§à“„™â®à“¬§â“ß®à“¬ (803,240) - (803,240) -

¢“¥∑ÿπ®“°Õ—µ√“·≈°‡ª≈’Ë¬π - 13,105,567 - -

√“¬°“√ª√—∫ª√ÿß

‘π∑√—æ¬å∂“«√‚Õπ‡ªìπ ‘π§â“§ß‡À≈◊Õ - 684,585 - -

‘π∑√—æ¬å∂“«√‚Õπ‡ªìπ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π - 527,227 - -

- - - -


KCE ELECTRONICS PCL

6.3.2 √“¬°“√°‘®°√√¡®—¥À“‡ß‘π ÷Ëß‰¡à‰¥â· ¥ß„πß∫°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ¡’¥—ßπ’È

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

Àÿâπ “¡—≠ 880,000 - 880,000 -

à«π‡°‘π¡Ÿ≈§à“Àÿâπ “¡—≠ 1,320,000 - 1,320,000 -

À—° ‡ß‘π√—∫≈à«ßÀπâ“§à“Àÿâπ (2,200,000) - (2,200,000) -

- - - -

7. π‚¬∫“¬°“√∫√‘À“√§«“¡‡ ’Ë¬ß ”À√—∫ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’ËÕ¬Ÿà„π√Ÿª‡ß‘πµ√“µà“ßª√–‡∑»

7.1 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ¡’π‚¬∫“¬°“√∫√‘À“√ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’ËÕ¬Ÿà„π

√Ÿª¢Õß‡ß‘πµ√“µà“ßª√–‡∑» ‚¥¬‡©æ“– °ÿ≈‡ß‘π¥Õ≈≈“√å À√—∞ ‡ß‘πªÕπ¥å ‡µÕ√å≈‘ß ·≈–‡ß‘π¬Ÿ‚√ „Àâ ‘π∑√—æ¬å·≈–Àπ’È ‘π¥—ß°≈à“«¡’ª√‘¡“≥

·≈–‡ß◊ËÕπ‰¢∑’Ë ¡¥ÿ≈°—π‚¥¬‡πâπ„Àâ°“√√—∫-®à“¬ Õ¬Ÿà„π√–¬–‡«≈“„°≈â‡§’¬ß°—π ”À√—∫‡ß‘π °ÿ≈Õ◊ËπÊ ‰¡à¡’ “√– ”§—≠

7.2 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬∑—ÈßÀ¡¥¡’π‚¬∫“¬„™â‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘πÕ◊Ëπ ‡™àπ —≠≠“´◊ÈÕ¢“¬‡ß‘πµ√“µà“ßª√–‡∑»≈à«ßÀπâ“„π°“√

ªÑÕß°—π§«“¡‡ ’Ë¬ß ÷Ëß¢÷ÈπÕ¬Ÿà°—∫ ¿“«–µ≈“¥‡ß‘π

51√“¬ß“πª√–®”ªï 2545

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KCE ELECTRONICS PCL

„π√–À«à“ßªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬∑—ÈßÀ¡¥ ‰¥â∑” —≠≠“ªÑÕß°—π§«“¡‡ ’Ë¬ß ”À√—∫

‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑»∫“ß à«π

9. ‘π§â“§ß‡À≈◊Õ - ÿ∑∏‘ ‘π§â“§ß‡À≈◊Õ ª√–°Õ∫¥â«¬

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

‘π§â“ ”‡√Á®√Ÿª 130,599,754 104,928,112 53,830,701 46,345,433

ß“π√–À«à“ß∑” 127,995,480 148,610,189 62,342,595 106,525,302

«—µ∂ÿ¥‘∫ 128,407,315 110,968,439 43,787,224 55,461,168

«— ¥ÿ ‘Èπ‡ª≈◊Õß 155,528,079 130,800,082 77,375,147 68,985,041

Õ–‰À≈à·≈–Õÿª°√≥å 109,408,145 93,006,925 53,025,946 60,710,313

‘π§â“√–À«à“ß∑“ß 30,784,795 26,996,877 1,840,476 13,933,587

682,723,568 615,310,624 292,202,089 351,960,844

À—° §à“‡º◊ËÕ°“√≈¥¡Ÿ≈§à“ ‘π§â“§ß‡À≈◊Õ (4,266,649) (3,509,317) - -

678,456,919 611,801,307 292,202,089 351,960,844

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20,86

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51,2

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3,371

39,01

2,956


KCE ELECTRONICS PCL

10.1 à«π·∫àß°”‰√ (¢“¥∑ÿπ) ®“°‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬¢Õß∫√‘…—∑√à«¡

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 à«π·∫àß°”‰√ (¢“¥∑ÿπ) ®“°‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬¢Õß

∫√‘…—∑√à«¡ Õß·Ààß„πß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑§”π«≥®“°ß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—πµ“¡≈”¥—∫ ‡¡◊ËÕ

§‘¥‡ªìπ√âÕ¬≈–¢Õß°”‰√ (¢“¥∑ÿπ) ÿ∑∏‘ ·≈â«¡’¥—ßµàÕ‰ªπ’È

2545 2544

Õ—µ√“°“√ √âÕ¬≈–¢Õß°”‰√ ®”π«π‡ß‘π√âÕ¬≈–¢Õß°”‰√ ®”π«π‡ß‘π

(¢“¥∑ÿπ) ÿ∑∏‘ ∫“∑∂◊ÕÀÿâπ√âÕ¬≈– (¢“¥∑ÿπ) ÿ∑∏‘ ∫“∑

(ª√—∫ª√ÿß„À¡à) (ª√—∫ª√ÿß„À¡à)

∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥

(∂◊ÕÀÿâπ‚¥¬∑“ßµ√ß·≈–∑“ßÕâÕ¡) 48.75 1.50 2,217,076 (142.01) (4,591,620)

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥

(∂◊ÕÀÿâπ‚¥¬∑“ßµ√ß·≈–∑“ßÕâÕ¡) 47.77 (0.36) (536,661) (12.84) (415,222)

1.14 1,680,415 (154.85) (5,006,842)

à«π·∫àß°”‰√ (¢“¥∑ÿπ) ®“°‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬¢Õß∫√‘…—∑√à«¡·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥)

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 §”π«≥®“°ß∫°“√‡ß‘π¢Õß∫√‘…—∑√à«¡¥—ß°≈à“« ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π ´÷Ëß¬—ß‰¡à‰¥â

ºà“π°“√µ√«® Õ∫‚¥¬ºŸâ Õ∫∫—≠™’Õ◊Ëπ ‡π◊ËÕß®“°∫√‘…—∑√à«¡¥—ß°≈à“«Õ¬Ÿà„πµà“ßª√–‡∑» ·≈–‰¡àÕ¬Ÿà¿“¬„µâ°“√§«∫§ÿ¡¢ÕßΩÉ“¬∫√‘À“√

∑’Ë®–„Àâ¡’°“√µ√«® Õ∫ß∫°“√‡ß‘π¥—ß°≈à“«‰¥â

à«π·∫àß°”‰√ (¢“¥∑ÿπ) ®“°‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬¢Õß∫√‘…—∑√à«¡Õ’°·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å

®”°—¥) ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 §”π«≥®“°ß∫°“√‡ß‘π¢Õß∫√‘…—∑√à«¡¥—ß°≈à“« ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π ´÷Ëß¬—ß‰¡à‰¥âºà“π

°“√µ√«® Õ∫‚¥¬ºŸâ Õ∫∫—≠™’Õ◊Ëπ ‡π◊ËÕß®“°∫√‘…—∑√à«¡¥—ß°≈à“«Õ¬Ÿà„πµà“ßª√–‡∑» ·≈–‰¡àÕ¬Ÿà¿“¬„µâ°“√§«∫§ÿ¡¢ÕßΩÉ“¬∫√‘À“√∑’Ë®–„Àâ¡’

°“√µ√«® Õ∫ß∫°“√‡ß‘π¥—ß°≈à“«‰¥â

10.2 ∫√‘…—∑‰¥âª√—∫ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 ¬âÕπÀ≈—ß‡æ◊ËÕ· ¥ß

º≈°√–∑∫¢Õß°“√·°â‰¢¢âÕº‘¥æ≈“¥ ”À√—∫∫—≠™’ à«π·∫àß¢“¥∑ÿπ ÿ∑∏‘®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬¢Õß∫√‘…—∑√à«¡·ÀàßÀπ÷Ëß (∫√‘…—∑

‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥) ®”π«π 6.24 ≈â“π∫“∑ ‡π◊ËÕß®“°∫√‘…—∑‰¥â√—∫ß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 ¢Õß∫√‘…—∑√à«¡

¥—ß°≈à“«∑’Ë ‰¥âºà“π°“√µ√«® Õ∫·≈â«„πªï 2545 ‚¥¬·µà‡¥‘¡∫√‘…—∑‰¥â„™â¢âÕ¡Ÿ≈®“°ß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 ¢Õß

∫√‘…—∑√à«¡¥—ß°≈à“« ∑’Ë¬—ß¡‘‰¥â¡’°“√µ√«® Õ∫„π°“√∫—π∑÷°∫—≠™’ à«π·∫àß¢“¥∑ÿπ ÿ∑∏‘®“°‡ß‘π≈ß∑ÿπµ“¡«‘∏’ à«π‰¥â‡ ’¬¥—ß°≈à“«

º≈°√–∑∫¢Õß°“√·°â‰¢¢âÕº‘¥æ≈“¥∑“ß∫—≠™’µàÕß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31

∏—π«“§¡ 2545 ·≈– 2544 ¡’¥—ßπ’È

ß∫¥ÿ≈√«¡·≈–ß∫¥ÿ≈‡©æ“–¢Õß∫√‘…—∑

≥ «—π∑’Ë 31 ∏—π«“§¡

2545 2544

∫“∑ ∫“∑

‡ß‘π≈ß∑ÿπ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬

‡æ‘Ë¡¢÷Èπ (≈¥≈ß) 6,241,385 (6,241,385)

°”‰√ – ¡‡æ‘Ë¡¢÷Èπ (≈¥≈ß) 6,241,385 (6,241,385)

55√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

ß∫°”‰√¢“¥∑ÿπ√«¡·≈–ß∫°”‰√¢“¥∑ÿπ‡©æ“–¢Õß∫√‘…—∑

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡

2545 2544

∫“∑ ∫“∑

°”‰√ ÿ∑∏‘‡æ‘Ë¡¢÷Èπ - 6,241,385

°”‰√µàÕÀÿâπ‡æ‘Ë¡¢÷Èπ - 0.21

°”‰√µàÕÀÿâπª√—∫≈¥‡æ‘Ë¡¢÷Èπ - 0.20

”À√—∫ à«π·∫àß°”‰√ (¢“¥∑ÿπ) ®“°‡ß‘π≈ß∑ÿπ¢Õß∫√‘…—∑√à«¡Õ’°·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥) ´÷Ëß‰¥â√«¡Õ¬Ÿà

„πß∫°“√‡ß‘π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 §”π«≥®“°ß∫°“√‡ß‘π´÷Ëß¬—ß¡‘‰¥âºà“π°“√µ√«® Õ∫ ‚¥¬∫√‘…—∑‰¥â√—∫ß∫°“√‡ß‘π¢Õß

∫√‘…—∑√à«¡¥—ß°≈à“«∑’Ë ‰¥âºà“π°“√µ√«® Õ∫·≈â«„πªï 2545 ·≈–‰¡à‰¥â¡’°“√ª√—∫ª√ÿßß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 ∑’Ëπ”¡“· ¥ß‡ª√’¬∫‡∑’¬∫¬âÕπÀ≈—ß ‡π◊ËÕß®“°º≈°√–∑∫‰¡à¡’ “√– ”§—≠

10.3 „πªï 2541 ∫√‘…—∑√à«¡·ÀàßÀπ÷Ëß (∫√‘…—∑ Õ«“µ“ ®”°—¥) ¡’°√–· ‡ß‘π ¥∑’Ë‰¡à‡æ’¬ßæÕµàÕ°“√¥”‡π‘πß“π ·≈–‰¡à “¡“√∂®—¥À“

‡ß‘π∑ÿπ‡æ◊ËÕ‡ √‘¡ ¿“æ§≈àÕß‰¥â ‡ªìπº≈„Àâ∫√‘…—∑√à«¡¥—ß°≈à“«ªî¥°‘®°“√≈ß πÕ°®“°π’È∫√‘…—∑¬àÕ¬¢Õß∫√‘…—∑√à«¡¥—ß°≈à“« (∫√‘…—∑ Õ«“µ“

´‘ ‡µÁ¡ å §Õ√åªÕ‡√™—Ëπ) ´÷Ëßª√–°Õ∫°‘®°“√Õ¬Ÿà∑’Ëª√–‡∑» À√—∞Õ‡¡√‘°“ ‰¥â¬◊Ëπ¥”‡π‘π°“√‡æ◊ËÕ™”√–∫—≠™’¿“¬„µâ°ÆÀ¡“¬¢Õß À√—∞Õ‡¡√‘°“

(Chapter 7 of the U.S. Federal Bankruptcy Code) „π‡¥◊Õπ°—π¬“¬π 2541 ∫√‘…—∑‰¥âµ—¥¢“¥∑ÿπ®“°°“√≈¥§à“‡ß‘π≈ß∑ÿπ„π∫√‘…—∑√à«¡

¥—ß°≈à“«∑—Èß®”π«π ‡π◊ËÕß®“°ºŸâ∫√‘À“√‰¥âª√–‡¡‘π·≈â««à“¡Ÿ≈§à“¬ÿµ‘∏√√¡≈¥≈ß

„πªï 2542 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ‰¥â¬◊ËπøÑÕß¥”‡π‘π§¥’≈â¡≈–≈“¬°—∫≈Ÿ°Àπ’È

∫√‘…—∑ Õ«“µ“ ®”°—¥ µàÕ»“≈≈â¡≈–≈“¬°≈“ß ´÷Ëß¡’§” —Ëß„Àâ∫√‘…—∑ Õ«“µ“ ®”°—¥ ‡ªìπ≈Ÿ°Àπ’È≈â¡≈–≈“¬‡¡◊ËÕ«—π∑’Ë 6 °√°Æ“§¡ 2543

≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ‰¥â®à“¬™”√–

Àπ’È ‘π∑’Ë‡°‘¥¢÷Èπ®“°°“√§È”ª√–°—π‡ß‘π°Ÿâ¬◊¡¢Õß∫√‘…—∑√à«¡ (∫√‘…—∑ Õ«“µ“ ®”°—¥) ·≈–∫√‘…—∑¬àÕ¬¢Õß∫√‘…—∑√à«¡¥—ß°≈à“« (∫√‘…—∑ Õ«“µ“

´‘ ‡µÁ¡ å §Õ√åªÕ‡√™—Ëπ) ‡ªìπ®”π«π‡ß‘π√«¡ª√–¡“≥ 925.03 ≈â“π∫“∑ „πß∫°“√‡ß‘π√«¡·≈–‡ªìπ®”π«π‡ß‘π√«¡ª√–¡“≥ 785.86

≈â“π∫“∑ „πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬∫—π∑÷°√“¬°“√¥—ß°≈à“«‡ªìπ‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π

·≈–‰¥âµ—Èß§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠∑—Èß®”π«π·≈â« (¥ŸÀ¡“¬‡Àµÿ¢âÕ 10.4)

10.4 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ºŸâ∫√‘À“√¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ (∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥)

‰¥âæ‘®“√≥“µ—Èß§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠∑ÿ°∫—≠™’∑’Ë‡°’Ë¬«¢âÕß°—∫∫√‘…—∑√à«¡·≈–∫√‘…—∑¬àÕ¬¢Õß∫√‘…—∑√à«¡¥—ß°≈à“«µ“¡∑’Ë°≈à“«‰«â„πÀ¡“¬‡Àµÿ

¢âÕ 10.3 ¥—ßπ’È

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

≈Ÿ°Àπ’È°“√§â“ 2,998,784 2,998,784 2,998,784 2,998,784

‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–‡ß‘π∑¥√Õß 925,032,852 925,032,852 785,862,852 785,862,852

¥Õ°‡∫’È¬§â“ß√—∫ 185,262,981 155,320,347 167,572,838 137,630,203

§à“‡™à“§â“ß√—∫ 8,700,000 8,700,000 8,700,000 8,700,000

1,121,994,617 1,092,051,983 965,134,474 935,191,839


KCE ELECTRONICS PCL

10.5 §à“§«“¡π‘¬¡ - ÿ∑∏‘

§à“§«“¡π‘¬¡ª√–°Õ∫¥â«¬

ß∫°“√‡ß‘π√«¡

≥ «—π∑’Ë 31 ∏—π«“§¡

2545 2544

∫“∑ ∫“∑

§à“§«“¡π‘¬¡ 57,204,718 57,204,718

À—° §à“§«“¡π‘¬¡µ—¥®”Àπà“¬ – ¡ (50,902,621) (44,872,514)

6,302,097 12,332,204

§à“§«“¡π‘¬¡µ—¥®”Àπà“¬ ”À√—∫ªï 6,030,107 6,030,107

10.6 ‡¡◊ËÕ«—π∑’Ë 26 ‡¡…“¬π 2544 ∑’Ëª√–™ÿ¡„À≠à “¡—≠ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥)

‰¥â¡’¡µ‘‡ªìπ‡Õ°©—π∑åÕπÿ¡—µ‘ª√–°“»®à“¬‡ß‘πªíπº≈„Àâ·°àºŸâ∂◊ÕÀÿâπ„πÕ—µ√“ 6 ∫“∑µàÕÀÿâπ √«¡‡ªìπ‡ß‘π∑—Èß ‘Èπ 60 ≈â“π∫“∑

‡¡◊ËÕ«—π∑’Ë 29 ‡¡…“¬π 2545 ∑’Ëª√–™ÿ¡„À≠à “¡—≠ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑¬àÕ¬¥—ß°≈à“« ‰¥â¡’¡µ‘‡ªìπ‡Õ°©—π∑åÕπÿ¡—µ‘ª√–°“»

®à“¬‡ß‘πªíπº≈„Àâ·°àºŸâ∂◊ÕÀÿâπ„πÕ—µ√“ 6 ∫“∑µàÕÀÿâπ √«¡‡ªìπ‡ß‘π∑—Èß ‘Èπ 60 ≈â“π∫“∑

‡¡◊ËÕ«—π∑’Ë 14 æƒ»®‘°“¬π 2545 ∑’Ëª√–™ÿ¡§≥–°√√¡°“√¢Õß∫√‘…—∑¬àÕ¬¥—ß°≈à“« ‰¥â¡’¡µ‘‡ªìπ‡Õ°©—π∑åÕπÿ¡—µ‘ª√–°“»

®à“¬‡ß‘πªíπº≈„Àâ·°àºŸâ∂◊ÕÀÿâπ„πÕ—µ√“ 8 ∫“∑µàÕÀÿâπ √«¡‡ªìπ‡ß‘π∑—Èß ‘Èπ 80 ≈â“π∫“∑

11. ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘

11.1 ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ª√–°Õ∫¥â«¬

ß∫°“√‡ß‘π√«¡

¬Õ¥§ß‡À≈◊Õ ‡æ‘Ë¡¢÷Èπ/ (®”Àπà“¬)/ ¬Õ¥§ß‡À≈◊Õ

≥ «—π∑’Ë ‚Õπ‡¢â“ (‚ÕπÕÕ°) ≥ «—π∑’Ë

31 ∏—π«“§¡ 31 ∏—π«“§¡

2544 2545

∫“∑ ∫“∑ ∫“∑ ∫“∑

µâπ∑ÿπ :

∑’Ë¥‘π 167,521,570 - - 167,521,570

Õ“§“√·≈–‚√ßß“π 434,966,172 - - 434,966,172

‡§√◊ËÕß®—°√·≈–Õÿª°√≥å‚√ßß“π 2,993,034,211 274,595,763 (80,800,285) 3,186,829,689

à«πª√—∫ª√ÿß‚√ßß“π 49,241,215 2,021,527 - 51,262,742

‡§√◊ËÕßµ°·µàß µ‘¥µ—Èß·≈–Õÿª°√≥å ”π—°ß“π 277,011,231 8,115,385 (1,638,483) 283,488,133

à«πª√—∫ª√ÿß ”π—°ß“π 9,277,052 7,700 - 9,284,752

¬“πæ“Àπ– 26,286,063 1,666,852 (1,913,337) 26,039,578

à«πª√—∫ª√ÿß‚√ßß“π√–À«à“ß∑” 4,767,081 34,700,385 - 39,467,466

à«πª√—∫ª√ÿß ”π—°ß“π√–À«à“ß∑” 1,137,907 242,400 - 1,380,307

‡§√◊ËÕß®—°√·≈–Õÿª°√≥å√–À«à“ß∑“ß - 53,519,708 - 53,519,708

57√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å


≥ «—π∑’Ë ‚Õπ‡¢â“ (‚ÕπÕÕ°) ≥ «—π∑’Ë

31 ∏—π«“§¡ 31 ∏—π«“§¡

2544 2545

∫“∑ ∫“∑ ∫“∑ ∫“∑

‡§√◊ËÕß®—°√·≈–Õÿª°√≥å√–À«à“ßµ‘¥µ—Èß 175,487,420 766,872,266 (231,822,696) 710,536,990

‚√ßß“π√–À«à“ß°àÕ √â“ß 11,168,290 - - 11,168,290

√«¡∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å 4,149,898,212 1,141,741,986 (316,174,801) 4,975,465,397

§à“‡ ◊ËÕ¡√“§“ – ¡

Õ“§“√·≈–‚√ßß“π (75,569,780) (18,988,942) - (94,558,722)

‡§√◊ËÕß®—°√·≈–Õÿª°√≥å‚√ßß“π (940,745,314) (244,184,201) 40,684,479 (1,144,245,036)

à«πª√—∫ª√ÿß‚√ßß“π (36,732,676) (2,558,477) - (39,291,153)

‡§√◊ËÕßµ°·µàßµ‘¥µ—Èß·≈–Õÿª°√≥å ”π—°ß“π (49,359,000) (31,239,598) 1,582,416 (79,016,182)

à«πª√—∫ª√ÿß ”π—°ß“π (3,669,158) (676,323) - (4,345,481)

¬“πæ“Àπ– (10,446,252) (4,934,234) 1,363,849 (14,016,637)

√«¡§à“‡ ◊ËÕ¡√“§“ – ¡ (1,116,522,180) (302,581,775) 43,630,744 (1,375,473,211)

∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å- ÿ∑∏‘ 3,033,376,032 3,599,992,186

§à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï 270,278,388 302,581,775

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑


≥ «—π∑’Ë ‚Õπ‡¢â“ (‚ÕπÕÕ°) ≥ «—π∑’Ë

31 ∏—π«“§¡ 31 ∏—π«“§¡

2544 2545

∫“∑ ∫“∑ ∫“∑ ∫“∑

µâπ∑ÿπ :

∑’Ë¥‘π 51,192,734 - - 51,192,734

Õ“§“√·≈–‚√ßß“π 69,045,756 - - 69,045,756

‡§√◊ËÕß®—°√·≈–Õÿª°√≥å‚√ßß“π 1,110,551,302 118,857,825 (92,111,908) 1,137,297,219

à«πª√—∫ª√ÿß‚√ßß“π 33,184,420 1,141,651 - 34,326,071

‡§√◊ËÕßµ°·µàß µ‘¥µ—Èß·≈–Õÿª°√≥å ”π—°ß“π 16,264,250 1,083,783 (12,400) 17,335,633

à«πª√—∫ª√ÿß ”π—°ß“π 8,693,659 - - 8,693,659

¬“πæ“Àπ– 13,714,174 1,666,852 (1,913,337) 13,467,689

à«πª√—∫ª√ÿß‚√ßß“π√–À«à“ß∑” 4,767,081 - - 4,767,081

à«πª√—∫ª√ÿß ”π—°ß“π√–À«à“ß∑” 1,137,907 - - 1,137,907

‡§√◊ËÕß®—°√·≈–Õÿª°√≥å√–À«à“ßµ‘¥µ—Èß 35,552,316 145,944,959 (87,706,831) 93,790,444

‡§√◊ËÕß®—°√√–À«à“ß∑“ß - 16,111,629 - 16,111,629

√«¡∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å 1,344,103,599 284,806,699 (181,744,476) 1,447,165,822


KCE ELECTRONICS PCL


≥ «—π∑’Ë ‚Õπ‡¢â“ (‚ÕπÕÕ°) ≥ «—π∑’Ë

31 ∏—π«“§¡ 31 ∏—π«“§¡

2544 2545

∫“∑ ∫“∑ ∫“∑ ∫“∑

§à“‡ ◊ËÕ¡√“§“ – ¡

Õ“§“√·≈–‚√ßß“π (34,659,737) (3,452,286) - (38,112,023)

‡§√◊ËÕß®—°√·≈–Õÿª°√≥å‚√ßß“π (532,513,932) (94,794,695) 53,283,553 (574,025,074)

à«πª√—∫ª√ÿß‚√ßß“π (28,872,627) (1,755,957) - (30,628,584)

‡§√◊ËÕßµ°·µàß µ‘¥µ—Èß·≈–Õÿª°√≥å ”π—°ß“π (12,816,835) (1,420,477) 7,073 (14,230,239)

à«πª√—∫ª√ÿß ”π—°ß“π (3,568,145) (434,680) - (4,002,825)

¬“πæ“Àπ– (6,049,361) (2,663,228) 1,363,848 (7,348,741)

√«¡§à“‡ ◊ËÕ¡√“§“ – ¡ (618,480,637) (104,521,323) 54,654,474 (668,347,486)

∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å- ÿ∑∏‘ 725,622,962 778,818,336

§à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï 105,778,137 104,521,323

11.2 ∫√‘…—∑‰¥â®¥®”πÕß∑’Ë¥‘π∫“ß à«π·≈–®¥®”πÕß‡§√◊ËÕß®—°√·≈–Õÿª°√≥å‚√ßß“π∫“ß à«π‡ªìπÀ≈—°ª√–°—π‡ß‘π°Ÿâ¬◊¡°—∫∏π“§“√

Õ¬à“ß‰√°Áµ“¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ∫√‘…—∑‰¥â‰∂à∂Õπ°“√®¥®”πÕß‡§√◊ËÕß®—°√·≈–Õÿª°√≥å‚√ßß“π∑’Ë„™â‡ªìπÀ≈—°ª√–°—π·≈â« ‚¥¬µ“¡

—≠≠“‡ß‘π°Ÿâ¬◊¡°—∫∏π“§“√√–∫ÿ‡ß◊ËÕπ‰¢«à“ ∫√‘…—∑®–‰¡à®”Àπà“¬ ®à“¬‚Õπ ®”πÕß À√◊Õ°àÕ¿“√–ºŸ°æ—π„¥Ê ∫π∑’Ë¥‘πæ√âÕ¡ ‘Ëßª≈Ÿ° √â“ß¢Õß

∫√‘…—∑¥—ß°≈à“«

µ“¡ —≠≠“‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√¢Õß∫√‘…—∑¬àÕ¬ Õß·Ààß (∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈–

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥) √–∫ÿ‡ß◊ËÕπ‰¢«à“∫√‘…—∑¬àÕ¬¥—ß°≈à“«®–‰¡à®”Àπà“¬ ®à“¬‚Õπ ®”πÕßÀ√◊Õ°àÕ¿“√–ºŸ°æ—π„¥Ê

∫π∑’Ë¥‘πæ√âÕ¡ ‘Ëßª≈Ÿ° √â“ß¢Õß∫√‘…—∑¬àÕ¬¥—ß°≈à“«

≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑¬àÕ¬Õ’°·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥) ‰¥â®¥®”πÕß∑’Ë¥‘πæ√âÕ¡ ‘Ëß

ª≈Ÿ° √â“ß·≈–‡§√◊ËÕß®—°√ à«π„À≠à‡ªìπÀ≈—°ª√–°—π ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π (¥ŸÀ¡“¬‡Àµÿ¢âÕ 12.4)

11.3 ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥) ‰¥â∫—π∑÷°¥Õ°‡∫’È¬

®à“¬‰«â‡ªìπ à«πÀπ÷Ëß¢Õßµâπ∑ÿπ‡§√◊ËÕß®—°√·≈–Õÿª°√≥å ‡ªìπ®”π«π∑—Èß ‘Èπ 3.48 ≈â“π∫“∑ ·≈– 11.97 ≈â“π∫“∑ µ“¡≈”¥—∫

11.4 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ Õß·Ààß (∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈– ∫√‘…—∑

‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥) ¡’‡§√◊ËÕß®—°√·≈–Õÿª°√≥å∫“ß√“¬°“√´÷Ëß¡’µâπ∑ÿπ‡ªìπ®”π«π 375.68 ≈â“π∫“∑ ·≈– 365.76

≈â“π∫“∑ µ“¡≈”¥—∫ „πß∫°“√‡ß‘π√«¡ ·≈– 272.09 ≈â“π∫“∑ ·≈– 237.34 ≈â“π∫“∑ µ“¡≈”¥—∫ „πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ´÷Ëß

µ—¥§à“‡ ◊ËÕ¡√“§“À¡¥·≈â« ·µà∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬„™âß“πÕ¬Ÿà

59√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

12. ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π ª√–°Õ∫¥â«¬

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

‡ß‘π‡∫‘°‡°‘π∫—≠™’ 1,163,157 60,534,369 - 2,930,055

‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√ 344,811,595 529,336,178 234,797,950 235,156,720

‘π‡™◊ËÕ‡æ◊ËÕ°“√ àßÕÕ° 457,400,000 222,800,000 347,400,000 167,100,000

∑√— µå√’´’∑ å 141,943,231 12,303,114 21,445,733 12,303,114

945,317,983 824,973,661 603,643,683 417,489,889

12.1 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√¢Õß∫√‘…—∑ ¡’∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß

(∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ·≈–ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑√“¬Àπ÷Ëß‡ªìπºŸâ§È”ª√–°—π

12.2 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ’ Õ’

Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ¡’°“√§È”ª√–°—π‚¥¬∫√‘…—∑

12.3 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√¢Õß∫√‘…—∑¬àÕ¬Õ’°·ÀàßÀπ÷Ëß (∫√‘…—∑

‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥) ∫“ß à«π¡’°“√§È”ª√–°—π‚¥¬∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈

®”°—¥)

12.4 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√¢Õß∫√‘…—∑¬àÕ¬Õ’°·ÀàßÀπ÷Ëß (∫√‘…—∑

‡§ ’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥) ¡’°“√®¥®”πÕß∑’Ë¥‘π·≈– ‘Ëßª≈Ÿ° √â“ß·≈–‡§√◊ËÕß®—°√ à«π„À≠à¢Õß∫√‘…—∑¬àÕ¬¥—ß°≈à“«‡ªìπÀ≈—°ª√–°—π·≈–§È”ª√–°—π

‚¥¬∫√‘…—∑ (¥ŸÀ¡“¬‡Àµÿ¢âÕ 11.2)

13. ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«‡ß‘π°Ÿâ¬◊¡√–¬–¬“« ª√–°Õ∫¥â«¬

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

Õ—µ√“¥Õ°‡∫’È¬√âÕ¬≈– 2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

‡ß‘π°Ÿâ¬◊¡®“°∏π“§“√

‡ß‘π∫“∑ MLR-4% ∂÷ß MLR 1,527,983,043 1,674,466,075 390,483,043 494,466,076

‡ß‘π¥Õ≈≈“√å À√—∞Õ‡¡√‘°“ SIBOR+1.75% 489,334,071 - - -

‡ß‘π¬Ÿ‚√ 4.95% 39,465,517 93,734,980 - 19,909,480

2,056,782,631 1,768,201,055 390,483,043 514,375,556

À—° à«π¢ÕßÀπ’È ‘π√–¬–¬“«

∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï (420,995,366) (265,870,145) (180,279,848) (208,996,506)

1,635,787,265 1,502,330,910 210,203,195 305,379,050


KCE ELECTRONICS PCL

13.1 ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«¢Õß∫√‘…—∑ ¡’¥—ßπ’È

≈”¥—∫∑’Ë «—π∑’Ë∑” ºŸâ „Àâ°Ÿâ «ß‡ß‘π°Ÿâ¬◊¡ √–¬–‡«≈“ ª≈Õ¥™”√– ™”√–§◊π Õ—µ√“ à«π

—≠≠“ ∫“∑ ‡ß‘π°Ÿâ ‡ß‘πµâπ ‡ß‘πµâπ Àπ’È ‘πµàÕ

à«π¢Õß

ºŸâ∂◊ÕÀÿâπ

1. 8 ‡¡…“¬π 2541 ∏π“§“√ 50,000,000 4 ªï - 3 ‡¥◊Õπ -

2. 11 ∏—π«“§¡ 2541 ∏π“§“√ 339,235,126 6 ªï 1 ªï 3 ‡¥◊Õπ ‰¡à‡°‘π 2 : 1

3. 12 æƒ…¿“§¡ 2543 ∏π“§“√ 33,000,000 5 ªï - 1 ‡¥◊Õπ -

4. 29 ¡‘∂ÿπ“¬π 2543 ∏π“§“√ 60,000,000 2 ªï - 3 ‡¥◊Õπ -

5. 10 °√°Æ“§¡ 2543 ∂“∫—π°“√‡ß‘π 80,000,000 2 ªï 1 ªï 3 ‡¥◊Õπ -

6. 26 °√°Æ“§¡ 2543 ∏π“§“√ 20,000,000 3 ªï 1 ªï 3 ‡¥◊Õπ -

7. 3 æƒ»®‘°“¬π 2543 ∏π“§“√ 22,000,000 4 ªï 6 ‡¥◊Õπ 3 ‡¥◊Õπ -

8. 22 ∏—π«“§¡ 2543 ∏π“§“√ 95,000,000 5 ªï 1 ªï 3 ‡¥◊Õπ ‰¡à‡°‘π 2.5 : 1

9. 2 æƒ»®‘°“¬π 2544 ∏π“§“√ 50,000,000 3 ªï 6 ‡¥◊Õπ 1 ªï 3 ‡¥◊Õπ -

10. 29 ¡°√“§¡ 2545 ∏π“§“√ 30,000,000 2 ªï - 3 ‡¥◊Õπ -

11. 30 µÿ≈“§¡ 2545 ∏π“§“√ 33,295,039 2.5 ªï 6 ‡¥◊Õπ 3 ‡¥◊Õπ -

12. 21 µÿ≈“§¡ 2545 ∂“∫—π°“√‡ß‘π 2,158,600 2 ªï - 3 ‡¥◊Õπ -

13. 3 ∏—π«“§¡ 2545 ∂“∫—π°“√‡ß‘π 7,153,070 2 ªï - 3 ‡¥◊Õπ -

14. 19 ∏—π«“§¡ 2545 ∂“∫—π°“√‡ß‘π 1,612,314 2 ªï - 3 ‡¥◊Õπ -

15. 23 ∏—π«“§¡ 2545 ∂“∫—π°“√‡ß‘π 21,584,968 2 ªï - 3 ‡¥◊Õπ -

‡ß‘π°Ÿâ¬◊¡√–¬–¬“«¢Õß∫√‘…—∑¡’Õ—µ√“¥Õ°‡∫’È¬√–À«à“ß MLR (Minimum Loan Rate) ∂÷ß MLR ≈∫√âÕ¬≈– 4 µàÕªï ‡ß‘π°Ÿâ¬◊¡

¥—ß°≈à“«§È”ª√–°—π‚¥¬∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ·≈–∫√‘…—∑‰¥â®¥®”πÕß∑’Ë¥‘π‡ªìπÀ≈—°ª√–°—π

(¥ŸÀ¡“¬‡Àµÿ¢âÕ 11.2)

≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ∫√‘…—∑‰¥â®à“¬™”√–Àπ’È‡ß‘π°Ÿâ¬◊¡√–¬–¬“«°àÕπ§√∫°”Àπ¥™”√– ®”π«π 19.96 ≈â“π∫“∑ °—∫

∏π“§“√·ÀàßÀπ÷Ëß ”À√—∫‡ß‘π°Ÿâ√“¬°“√∑’Ë 2 ¥—ß°≈à“«¢â“ßµâπ ‚¥¬‰¡à¡’§à“∏√√¡‡π’¬¡„π°“√™”√–°àÕπ§√∫°”Àπ¥

13.2 ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∏π“§“√¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ‡ªìπ‡ß‘π°Ÿâ °ÿ≈‡ß‘π∫“∑

µ“¡ —≠≠“≈ß«—π∑’Ë 21 ∏—π«“§¡ 2541 ‚¥¬¡’«ß‡ß‘π°Ÿâ¬◊¡®”π«π 30 ≈â“π∫“∑ ¡’√–¬–‡«≈“‡ß‘π°Ÿâ 4 ªï ‚¥¬ª≈Õ¥™”√–§◊π‡ß‘πµâπ 1 ªï 4 ‡¥◊Õπ

·≈–¡’Õ—µ√“¥Õ°‡∫’È¬ MLR (Minimum Loan Rate) µàÕªï ®à“¬™”√–§◊π‡ß‘πµâπ∑ÿ°Ê 3 ‡¥◊Õπ ‚¥¬‡√‘Ë¡®à“¬™”√–ß«¥·√°„π‡¥◊Õπ‡¡…“¬π

2543 ‡ß‘π°Ÿâ¥—ß°≈à“«§È”ª√–°—π‚¥¬∫√‘…—∑

‡¡◊ËÕ«—π∑’Ë 26 °—π¬“¬π 2544 ∫√‘…—∑¬àÕ¬¥—ß°≈à“«‰¥â∑” —≠≠“‡ß‘π°Ÿâ°—∫∏π“§“√Õ’°·ÀàßÀπ÷Ëß®”π«π 2 ≈â“π¬Ÿ‚√ ·≈–

¡’Õ—µ√“¥Õ°‡∫’È¬≈Õ¬µ—«Õâ“ßÕ‘ßµ“¡Õ—µ√“¥Õ°‡∫’È¬‡ß‘π¬Ÿ‚√ ´÷Ëß¡’°”Àπ¥™”√–§◊π‡ªìπß«¥Ê ∑ÿ°‰µ√¡“ ®π∂÷ßªï 2546 ‡ß‘π°Ÿâ¬◊¡¥—ß°≈à“«

§È”ª√–°—π‚¥¬∫√‘…—∑

13.3 ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∏π“§“√¢Õß∫√‘…—∑¬àÕ¬Õ’°·ÀàßÀπ÷Ëß (∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥) ‡ªìπ‡ß‘π°Ÿâ

°ÿ≈‡ß‘π∫“∑ µ“¡ —≠≠“≈ß«—π∑’Ë 14 °—π¬“¬π 2543 ‚¥¬¡’«ß‡ß‘π 40 ≈â“π∫“∑ ·≈–¡’Õ—µ√“¥Õ°‡∫’È¬ MLR (Minimum Loan Rate) µàÕªï

61√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

¡’√–¬–‡«≈“‡ß‘π°Ÿâ 5 ªï ‚¥¬ª≈Õ¥™”√–‡ß‘πµâπ 1 ªï π—∫®“°«—π∑” —≠≠“ À≈—ß®“°π—ÈπºàÕπ™”√–‡ß‘πµâπ‡ªìπß«¥ ß«¥≈– 6 ‡¥◊Õπ ‡ß‘π°Ÿâ¬◊¡

√–¬–¬“«¥—ß°≈à“« §È”ª√–°—π‚¥¬°“√®¥®”πÕß‡§√◊ËÕß®—°√∫“ß à«π¢Õß∫√‘…—∑¬àÕ¬‡ªìπÀ≈—°ª√–°—π·≈–§È”ª√–°—π‚¥¬∫√‘…—∑

≥ «—π∑’Ë 26 ‡¡…“¬π 2545 ∫√‘…—∑¬àÕ¬¥—ß°≈à“«‰¥â®à“¬™”√–Àπ’È‡ß‘π°Ÿâ¬◊¡√–¬–¬“«¥—ß°≈à“«°àÕπ§√∫°”Àπ¥™”√–®”π«π‡ß‘π

30 ≈â“π∫“∑ ‚¥¬‰¡à¡’§à“∏√√¡‡π’¬¡„π°“√™”√–°àÕπ§√∫°”Àπ¥ ·≈– ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ∫√‘…—∑¬àÕ¬¥—ß°≈à“«‰¥â‰∂à∂Õπ°“√

®¥®”πÕß‡§√◊ËÕß®—°√∑’Ë‡ªìπÀ≈—°ª√–°—π·≈â«

‡¡◊ËÕ«—π∑’Ë 18 °√°Æ“§¡ 2545 ∫√‘…—∑¬àÕ¬¥—ß°≈à“«‰¥â∑” —≠≠“‡ß‘π°Ÿâ°—∫∏π“§“√Õ’°·ÀàßÀπ÷Ëß‡ªìπ®”π«π 340 ≈â“π∫“∑ ¡’Õ—µ√“

¥Õ°‡∫’È¬√âÕ¬≈– 4.5 µàÕªï ‡ß‘π°Ÿâ¬◊¡¥—ß°≈à“«§È”ª√–°—π‚¥¬∫√‘…—∑ºŸâ∂◊ÕÀÿâπ„À≠à (∫√‘…—∑ ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)) ´÷Ëß ≥ «—π∑’Ë

31 ∏—π«“§¡ 2545 ∫√‘…—∑¬àÕ¬¬—ß¡‘‰¥â‡∫‘°‡ß‘π°Ÿâ¬◊¡¥—ß°≈à“«

13.4 ‡¡◊ËÕ«—π∑’Ë 9 °ÿ¡¿“æ—π∏å 2544 ∫√‘…—∑¬àÕ¬Õ’°·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥) ‰¥â∑” —≠≠“‡ß‘π°Ÿâ°—∫∏π“§“√·ÀàßÀπ÷Ëß

‡ªìπ‡ß‘π°Ÿâ¬◊¡ °ÿ≈‡ß‘π∫“∑ ®”π«π 1,070 ≈â“π∫“∑ ·≈–¡’Õ—µ√“¥Õ°‡∫’È¬ MLR (Minimum Loan Rate) ≈∫√âÕ¬≈– 0.5 µàÕªï ‡ß‘π°Ÿâ¥—ß°≈à“«

¡’√–¬–‡«≈“‡ß‘π°Ÿâ 6 ªï 3 ‡¥◊Õπ ‚¥¬ª≈Õ¥™”√–‡ß‘πµâπ 2 ªï ®à“¬™”√–‡ß‘πµâπ∑ÿ°Ê 3 ‡¥◊Õπ ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«¥—ß°≈à“«§È”ª√–°—π‚¥¬

°“√®¥®”πÕß∑’Ë¥‘πæ√âÕ¡ ‘Ëßª≈Ÿ° √â“ß·≈–®¥®”π”‡§√◊ËÕß®—°√ à«π„À≠à¢Õß∫√‘…—∑¬àÕ¬ ·≈–§È”ª√–°—π‚¥¬∫√‘…—∑

‡¡◊ËÕ«—π∑’Ë 13 æƒ»®‘°“¬π 2544 ∫√‘…—∑¬àÕ¬¥—ß°≈à“«‰¥â∑” —≠≠“‡ß‘π°Ÿâ¬◊¡√–¬–¬“«°—∫∏π“§“√¥—ß°≈à“«‡ªìπ‡ß‘π°Ÿâ¬◊¡ °ÿ≈‡ß‘π

¥Õ≈≈“√å À√—∞ ‡ªìπ®”π«π 17.50 ≈â“π¥Õ≈≈“√å À√—∞ ‚¥¬«ß‡ß‘π°Ÿâ¬◊¡√–¬–¬“«¥—ß°≈à“«¡’√–¬–‡«≈“°Ÿâ 6 ªï ª≈Õ¥™”√–‡ß‘πµâπ 2 ªï

π—∫®“°«—π‡∫‘°‡ß‘π°Ÿâß«¥·√° ·≈–¡’Õ—µ√“¥Õ°‡∫’È¬ SIBOR ∫«°√âÕ¬≈– 1.75 µàÕªï ®à“¬™”√–‡ß‘πµâπ∑ÿ°Ê 3 ‡¥◊Õπ ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«

¥—ß°≈à“«§È”ª√–°—π‚¥¬°“√®¥®”πÕß∑’Ë¥‘πæ√âÕ¡ ‘Ëßª≈Ÿ° √â“ß ®–®¥®”π”‡§√◊ËÕß®—°√¢Õß∫√‘…—∑¬àÕ¬°—∫∏π“§“√ ·≈–§È”ª√–°—π‚¥¬∫√‘…—∑

·≈–¡’‡ß◊ËÕπ‰¢„π —≠≠“∑’Ë ”§—≠§◊Õ ∑ÿπ®¥∑–‡∫’¬π¢Õß∫√‘…—∑¬àÕ¬µàÕ®”π«π‡ß‘π°Ÿâ∑’Ë¢Õ‡∫‘°„π —¥ à«π 30 : 70

‡¡◊ËÕ«—π∑’Ë 12 æƒ»®‘°“¬π 2544 ∫√‘…—∑¬àÕ¬¥—ß°≈à“«‰¥â∑” —≠≠“‡ß‘π°Ÿâ¬◊¡√–¬–¬“«°—∫∏π“§“√Õ’°·ÀàßÀπ÷Ëß‡ªìπ‡ß‘π°Ÿâ °ÿ≈‡ß‘π

∫“∑ ‚¥¬¡’«ß‡ß‘π°Ÿâ¬◊¡®”π«π 60 ≈â“π∫“∑ ¡’√–¬–‡«≈“‡ß‘π°Ÿâ 2 ªï ‚¥¬ª≈Õ¥™”√–§◊π‡ß‘πµâπ 1 ªï 6 ‡¥◊Õπ ·≈–¡’Õ—µ√“¥Õ°‡∫’È¬ MLR

(Minimum Loan Rate) ≈∫√âÕ¬≈– 1.5 µàÕªï ®à“¬™”√–§◊π‡ß‘πµâπ∑ÿ°Ê 3 ‡¥◊Õπ ‚¥¬‡√‘Ë¡®à“¬™”√–ß«¥·√°„π‡¥◊Õπæƒ…¿“§¡ 2546

‡ß‘π°Ÿâ¬◊¡¥—ß°≈à“«§È”ª√–°—π‚¥¬∫√‘…—∑

14. ”√Õßµ“¡°ÆÀ¡“¬µ“¡æ√–√“™∫—≠≠—µ‘∫√‘…—∑¡À“™π®”°—¥ ∫√‘…—∑®–µâÕß®—¥ √√°”‰√ ÿ∑∏‘ª√–®”ªï à«πÀπ÷Ëß‰«â‡ªìπ∑ÿπ ”√Õß ‰¡àπâÕ¬°«à“√âÕ¬≈–Àâ“¢Õß

°”‰√ ÿ∑∏‘ª√–®”ªïÀ—°¥â«¬¬Õ¥¢“¥∑ÿπ – ¡¬°¡“ (∂â“¡’) ®π°«à“∑ÿπ ”√Õßπ’È®–¡’®”π«π‰¡àπâÕ¬°«à“√âÕ¬≈– ‘∫¢Õß∑ÿπ®¥∑–‡∫’¬π

15. °Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ Õß·Ààß (∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈–∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥)‰¥â®—¥

¥—È ß

°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ ”À√—∫æπ—°ß“π¢Õß∫√‘…—∑∑’Ë ¡—§√‡ªìπ ¡“™‘°¢Õß°Õß∑ÿπ ‚¥¬æπ—°ß“π®à“¬ – ¡®“°‡ß‘π‡¥◊Õπ à«πÀπ÷Ëß·≈–

∫√‘…—∑®à“¬ ¡∑∫„ÀâÕ’° à«πÀπ÷Ëß ∫√‘…—∑‰¥â·µàßµ—ÈßºŸâ®—¥°“√°Õß∑ÿπ‡æ◊ËÕ∫√‘À“√°Õß∑ÿπ¥—ß°≈à“«µ“¡°Æ‡°≥±å·≈–¢âÕ°”Àπ¥æ√–√“™∫—≠≠—µ‘

°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ æ.». 2530

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ‡ß‘π ¡∑∫¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ÷Ëß‰¥â∫—π∑÷°‡ªìπ§à“„™â®à“¬„π°“√¢“¬·≈–

∫√‘À“√„πß∫°“√‡ß‘π√«¡¡’®”π«π 10.63 ≈â“π∫“∑ ·≈– 11.93 ≈â“π∫“∑ µ“¡≈”¥—∫ ·≈–„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ¡’®”π«π 7.45


KCE ELECTRONICS PCL

≈â“π∫“∑ ·≈– 8.54 ≈â“π∫“∑ µ“¡≈”¥—∫

16. √“¬°“√°—∫°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π¬Õ¥§ß‡À≈◊Õ·≈–√“¬°“√∑’Ë ”§—≠°—∫°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ÷Ëß‡°’Ë¬«¢âÕß°—π‚¥¬°“√∂◊ÕÀÿâπ ·≈–/À√◊Õ¡’ºŸâ∫√‘À“√√à«¡°—π ª√–°Õ∫¥â«¬

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

≥ «—π∑’Ë 31 ∏—π«“§¡

2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

≈Ÿ°Àπ’È°“√§â“

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ - - 528,409 1,967,923

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ - - 871,741 589,060

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ - - 1,390,421 9,395,122

∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥ 89,408,815 48,278,828 33,913,515 31,579,230

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ 17,763,003 9,568,952 8,912,038 3,572,279

∫√‘…—∑ Õ«“µ“ ®”°—¥ 2,998,784 2,998,784 2,998,784 2,998,784

110,170,602 60,846,564 48,614,908 50,102,398

À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠

∫√‘…—∑ Õ«“µ“ ®”°—¥ (2,998,784) (2,998,784) (2,998,784) (2,998,784)

107,171,818 57,847,780 45,616,124 47,103,614

‡®â“Àπ’È°“√§â“

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ - - 270,841 963,943

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ - - 49,037,626 85,735,552

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ - - 97,995,849 32,679,201

∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥ 8,499,388 5,366,132 6,110,002 4,512,546

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ 69,267,579 21,663,857 33,147,592 12,036,984

77,766,967 27,029,989 186,561,910 135,928,226

≈Ÿ°Àπ’ÈÕ◊Ëπ

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ - - 1,957,400 3,197,500

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ - - 20,000 -

∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥ - 725,792 - -

- 725,792 1,977,400 3,197,500

‡ß‘π„Àâ°Ÿâ¬◊¡√–¬– —Èπ·≈–‡ß‘π∑¥√Õß·°à

∫√‘…—∑ Õ«“µ“ ®”°—¥

‡ß‘π„Àâ°Ÿâ¬◊¡ (Õ—µ√“¥Õ°‡∫’È¬√âÕ¬≈–

7.5 µàÕªï ‰¡à¡’À≈—°ª√–°—π) 525,797,727 525,797,727 386,627,727 386,627,727

¥Õ°‡∫’È¬§â“ß√—∫ 63,749,320 63,749,320 46,059,176 46,059,176

§à“‡™à“§â“ß√—∫ 8,700,000 8,700,000 8,700,000 8,700,000

598,247,047 598,247,047 441,386,903 441,386,903

À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ (598,247,047) (598,247,047) (441,386,903) (441,386,903)

- - - -

63√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

≥ «—π∑’Ë 31 ∏—π«“§¡

2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

∫√‘…—∑ Õ«“µ“ ‘ ‡µÁ¡ å §Õ√åªÕ‡√™—Ëπ

‡ß‘π„Àâ°Ÿâ¬◊¡ (Õ—µ√“¥Õ°‡∫’È¬√âÕ¬≈–

7.5 µàÕªï ‰¡à¡’À≈—°ª√–°—π) 399,235,126 399,235,126 399,235,126 399,235,126

¥Õ°‡∫’È¬§â“ß√—∫ 121,513,662 91,571,027 121,513,662 91,571,027

520,748,788 490,806,153 520,748,788 490,806,153

À—° §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ (520,748,788) (490,806,153) (520,748,788) (490,806,153)

- - - -

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ - - 945,979 626,865

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ - - 23,032 43,035

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ - - 6,378 -

°√√¡°“√ - 16,475 - -

- 16,475 975,389 669,900

- 742,267 2,952,789 3,867,400

‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ·≈–‡ß‘π∑¥√Õß®“°

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ - - - 47,345

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ - 5,123 - 5,123

- 5,123 - 52,468

§à“π“¬Àπâ“§â“ß®à“¬

∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥ - 987,231 - -

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ 1,020,689 722,928 919,527 -

1,020,689 1,710,159 919,527 -

‡®â“Àπ’ÈÕ◊Ëπ

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ - - 5,000 600,000

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ 521,494 64,041 194,677 -

521,494 64,041 199,677 600,000

§à“„™â®à“¬§â“ß®à“¬

∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥ 1,723,444 - - -

1,723,444 - - -

3,265,627 1,779,323 1,119,204 652,468


KCE ELECTRONICS PCL

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡

2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

§à“¢“¬

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ - - 15,481,238 23,857,132

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ - - 3,371,788 9,297,045

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ - - 29,146,508 30,936,613

∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥ 324,926,711 285,385,812 143,885,130 203,405,240

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ 105,706,350 79,380,469 54,423,772 49,042,268

430,633,061 364,766,281 246,308,436 316,538,298

§à“´◊ÈÕ

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ - - 5,606,738 12,698,596

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ - - 174,223,468 314,936,553

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ - - 309,790,637 222,877,445

∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥ - 7,561,208 - 7,561,208

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ 249,520,336 187,489,460 129,911,821 111,304,162

249,520,336 195,050,668 619,532,664 669,377,964

§à“‡™à“®à“¬

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ - - 882,000 882,000

- - 882,000 882,000

¥Õ°‡∫’È¬√—∫

(Õ—µ√“¥Õ°‡∫’È¬√âÕ¬≈– 7.5 µàÕªï ‰¡à¡’À≈—°ª√–°—π)

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ - - - 88,151

∫√‘…—∑ Õ«“µ“ ´‘ ‡µÁ¡ å §Õ√åªÕ‡√™—Ëπ 29,942,635 29,942,634 29,942,635 29,942,634

29,942,635 29,942,634 29,942,635 30,030,785

¥Õ°‡∫’È¬®à“¬

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ - - - 712,329

- - - 712,329

§à“π“¬Àπâ“®à“¬

∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥ - 7,242,628 - -

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ 20,840,757 17,119,825 11,855,562 8,968,539

20,840,757 24,362,453 11,855,562 8,968,539

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

65√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡

2545 2544 2545 2544

∫“∑ ∫“∑ ∫“∑ ∫“∑

§à“¢“¬ ‘π∑√—æ¬å∂“«√

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ - - 13,293,973 3,446,366

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ - - 4,493,000 56,051,098

- - 17,786,973 59,497,464

§à“´◊ÈÕ ‘π∑√—æ¬å∂“«√

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ - - 1,359,000 -

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ - - 6,599,293 -

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ 1,080,160 - 859,500 -

1,080,160 - 8,817,793 -

§à“„™â®à“¬ (√“¬‰¥â) Õ◊ËπÊ

∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ - - - 259,044

∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ - - 26,262 1,157,234

∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥ - - (920,938) (6,967,550)

∫√‘…—∑ ‡§´’Õ’ Õ‡¡√‘°“ Õ‘ß§å ®”°—¥ 35,374,901 15,498,679 22,096,601 15,495,670

∫√‘…—∑ ‡§´’Õ’ ‘ß§‚ª√å æ’∑’Õ’ ®”°—¥ 2,880,553 183,538 1,723,937 183,538

38,255,454 15,682,217 22,925,862 10,127,936

°“√ ◊ÈÕ·≈–°“√¢“¬ ‘π§â“‡ªìπ‰ªµ“¡√“§“µ≈“¥·≈–√“§“∑’Ëµ°≈ß°—π¢Õßß“π —Ëß∑”·µà≈–º≈‘µ¿—≥±å ¬°‡«âπ°“√ ◊ÈÕ·≈–°“√¢“¬

«—µ∂ÿ¥‘∫°—∫∫√‘…—∑¬àÕ¬´÷Ëß‡ªìπ‰ª„π√“§“∑ÿπ ·≈–¡’‡ß◊ËÕπ‰¢‡°’Ë¬«°—∫°“√°”Àπ¥Õ—µ√“·≈°‡ª≈’Ë¬π„π°“√®à“¬™”√–Àπ’È√–À«à“ß°—π

§à“π“¬Àπâ“‡ªìπ‰ªµ“¡√“§“µ≈“¥·≈–√“§“∑’ËµàÕ√Õß°—π¢Õßß“π —Ëß∑”·µà≈– ‘π§â“

17. §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’°“√∑”∏ÿ√°√√¡°—∫∫√‘…—∑∑’Ë¡’ªí≠À“„π°“√™”√–Àπ’È ·¬°µ“¡Õ“¬ÿÀπ’È

∑’Ë§â“ß™”√–‰¥â¥—ßπ’È (‰¡à‰¥â√«¡∑ÿ°√“¬°“√¢Õß∫√‘…—∑√à«¡∑’Ë¡’ªí≠À“„π°“√™”√–Àπ’Èµ“¡∑’Ë°≈à“«„πÀ¡“¬‡Àµÿ¢âÕ 16)

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

31 ∏—π«“§¡ 2545 31 ∏—π«“§¡ 2544 31 ∏—π«“§¡ 2545 31 ∏—π«“§¡ 2544

®”π«π√“¬ ®”π«π‡ß‘π ®”π«π√“¬ ®”π«π‡ß‘π ®”π«π√“¬ ®”π«π‡ß‘π ®”π«π√“¬ ®”π«π‡ß‘π

∫“∑ ∫“∑ ∫“∑ ∫“∑

≈Ÿ°Àπ’È°“√§â“∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π

¡“°°«à“ 12 ‡¥◊Õπ¢÷Èπ‰ª 1 2,998,784 1 2,998,784 1 2,998,784 1 2,998,784

≈Ÿ°Àπ’È°“√§â“∫√‘…—∑Õ◊Ëπ

¡“°°«à“ 3 ‡¥◊Õπ∂÷ß 6 ‡¥◊Õπ 10 1,652,738 6 3,265,800 6 1,231,447 3 2,977,323

¡“°°«à“ 6 ‡¥◊Õπ∂÷ß 9 ‡¥◊Õπ 1 160 5 234,214 1 160 2 140,404


KCE ELECTRONICS PCL

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

31 ∏—π«“§¡ 2545 31 ∏—π«“§¡ 2544 31 ∏—π«“§¡ 2545 31 ∏—π«“§¡ 2544

®”π«π√“¬ ®”π«π‡ß‘π ®”π«π√“¬ ®”π«π‡ß‘π ®”π«π√“¬ ®”π«π‡ß‘π ®”π«π√“¬ ®”π«π‡ß‘π

∫“∑ ∫“∑ ∫“∑ ∫“∑

¡“°°«à“ 9 ‡¥◊Õπ∂÷ß 12 ‡¥◊Õπ 2 27,334 - - 1 26,488 - -

¡“°°«à“ 12 ‡¥◊Õπ¢÷Èπ‰ª 1 49,958 10 1,441,847 1 49,958 8 322,235

1,730,190 4,941,861 1,308,053 3,439,962

®”π«πÀπ’È∑’Ë¡’ªí≠À“ 4,728,974 7,940,645 4,306,837 6,438,746

®”π«π§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠

∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π

(¥ŸÀ¡“¬‡Àµÿ¢âÕ 16) (2,998,784) (2,998,784) (2,998,784) (2,998,784)

∫√‘…—∑Õ◊Ëπ (620,663) (1,254,806) (620,663) (135,193)

(3,619,447) (4,253,590) (3,619,447) (3,133,977)

18. ∑ÿπ‡√◊ÕπÀÿâπ

18.1 «—π∑’Ë 27 µÿ≈“§¡ 2542 ∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ¡’¡µ‘„ÀâÕÕ°„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠¢Õß∫√‘…—∑®”π«π

1,500,000 Àπà«¬ ‚¥¬‡ πÕ¢“¬„Àâ·°à°√√¡°“√·≈–/À√◊Õæπ—°ß“π¢Õß∫√‘…—∑„π√“§“Àÿâπ≈– 0 ∫“∑ ·≈–„∫ ”§—≠· ¥ß ‘∑∏‘ 1 Àπà«¬

¡’ ‘∑∏‘„π°“√®Õß ◊ÈÕÀÿâπ “¡—≠„À¡à 1 Àÿâπ „π√“§“‡∑à“°—∫√âÕ¬≈– 25 ¢Õß√“§“ªî¥∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°¢ÕßÀÿâπ “¡—≠¢Õß∫√‘…—∑∑’Ë´◊ÈÕ¢“¬

„πµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ≥ «—π∑’Ë ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬åÕπÿ¡—µ‘ ·µà‰¡àµË”°«à“ 10 ∫“∑

√–¬–‡«≈“„™â ‘∑∏‘∑ÿ°«—π∑’Ë 15 ¢Õß‡¥◊Õπ¡’π“§¡ ¡‘∂ÿπ“¬π °—π¬“¬π ·≈–∏—π«“§¡¢Õß·µà≈–ªï ‚¥¬°”Àπ¥„Àâ„™â ‘∑∏‘¿“¬„π 5 ªï π—∫µ—Èß·µà

«—π∑’ËÕÕ°„∫ ”§—≠· ¥ß ‘∑∏‘

18.2 ‡¡◊ËÕ«—π∑’Ë 26 ‡¡…“¬π 2544 ∑’Ëª√–™ÿ¡„À≠à “¡—≠ºŸâ∂◊ÕÀÿâπ ¡’¡µ‘·°â‰¢°“√ÕÕ°„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ “¡—≠¢Õß∫√‘…—∑

®”π«π 1.5 ≈â“πÀπà«¬ ®“°°“√‡ πÕ¢“¬„Àâ·°à°√√¡°“√·≈–/À√◊Õæπ—°ß“π¢Õß∫√‘…—∑‡ªìπ°“√‡ πÕ¢“¬„Àâ·°à°√√¡°“√·≈–/À√◊Õæπ—°ß“π

¢Õß∫√‘…—∑·≈–/À√◊Õ∫√‘…—∑¬àÕ¬

18.3 ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544 ‰¥â¡’°“√„™â ‘∑∏‘µ“¡„∫ ”§—≠· ¥ß ‘∑∏‘ ®”π«π 140,000 Àπà«¬ ‡æ◊ËÕ´◊ÈÕÀÿâπ “¡—≠·≈â«

„π√“§“ 25 ∫“∑µàÕÀÿâπ “¡—≠„À¡à 1 Àÿâπ ·≈–∫√‘…—∑‰¥â®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ™”√–·≈â«®“° 300,900,000 ∫“∑ ‡ªìπ 302,300,000 ∫“∑

°—∫°√¡∑–‡∫’¬π°“√§â“·≈â« ‚¥¬ÕÕ°Àÿâπ “¡—≠„À¡à ®”π«π 140,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10.00 ∫“∑

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ‰¥â¡’°“√„™â ‘∑∏‘µ“¡„∫ ”§—≠· ¥ß ‘∑∏‘®”π«π 597,000 Àπà«¬ ‡æ◊ËÕ´◊ÈÕÀÿâπ “¡—≠·≈â«

„π√“§“ 25 ∫“∑µàÕÀÿâπ “¡—≠„À¡à 1 Àÿâπ ·≈–∫√‘…—∑‰¥â®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ™”√–·≈â«®“° 302,300,000 ∫“∑ ‡ªìπ 308,270,000 ∫“∑

°—∫°√¡∑–‡∫’¬π°“√§â“·≈â« ‚¥¬ÕÕ°Àÿâπ “¡—≠„À¡à ®”π«π 597,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10.00 ∫“∑

18.4 ‡¡◊ËÕ«—π∑’Ë 18 ¡°√“§¡ 2545 ∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑¬àÕ¬ (∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥) ¡’¡µ‘æ‘‡»…„Àâ‡æ‘Ë¡∑ÿπ

®¥∑–‡∫’¬π®”π«π 100 ≈â“π∫“∑ ®“°∑ÿπ®¥∑–‡∫’¬π 600 ≈â“π∫“∑ ‡ªìπ∑ÿπ®¥∑–‡∫’¬π 700 ≈â“π∫“∑ ‚¥¬ÕÕ°Àÿâπ„À¡à 10 ≈â“πÀÿâπ ¡Ÿ≈§à“

Àÿâπ≈– 10.00 ∫“∑ ·≈–‰¥â¥”‡π‘π°“√®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ°—∫ ”π—°ß“π∑–‡∫’¬πÀÿâπ à«π∫√‘…—∑ ‡¡◊ËÕ«—π∑’Ë 21 ¡°√“§¡ 2545 ∫√‘…—∑¬àÕ¬

¥—ß°≈à“«‰¥â√—∫™”√–§à“Àÿâπ‡æ‘Ë¡∑ÿπ¥—ß°≈à“«§√∫∂â«π·≈â«®”π«π 100 ≈â“π∫“∑

‡¡◊ËÕ«—π∑’Ë 11 ‡¡…“¬π 2545 ∑’Ëª√–™ÿ¡„À≠à “¡—≠ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑¬àÕ¬¥—ß°≈à“« ¡’¡µ‘æ‘‡»…„Àâ‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π®”π«π 200

≈â“π∫“∑ ®“°∑ÿπ®¥∑–‡∫’¬π 700 ≈â“π∫“∑ ‡ªìπ∑ÿπ®¥∑–‡∫’¬π 900 ≈â“π∫“∑ ‚¥¬ÕÕ°Àÿâπ„À¡à 20 ≈â“πÀÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10.00 ∫“∑ ·≈–

‰¥â¥”‡π‘π°“√®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ°—∫ ”π—°ß“π∑–‡∫’¬πÀÿâπ à«π∫√‘…—∑ ‡¡◊ËÕ«—π∑’Ë 24 ‡¡…“¬π 2545 ∫√‘…—∑¬àÕ¬¥—ß°≈à“«‰¥â√—∫™”√–§à“Àÿâπ

‡æ‘Ë¡∑ÿπ¥—ß°≈à“«§√∫∂â«π·≈â«®”π«π 200 ≈â“π∫“∑

67√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

18.5 ®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°

≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑§”π«≥Àÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—° ¥—ßπ’È

ß∫°“√‡ß‘π√«¡·≈–

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

2545 2544

Àÿâπ Àÿâπ

¬Õ¥¬°¡“µâπªï 30,230,000 30,090,000

Àÿâπ„À¡à∑’ËÕÕ°√–À«à“ßªï (597,000 Àÿâπ

„πªï 2545 ·≈– 140,000 Àÿâπ „πªï 2544) 325,156 69,041

®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—° 30,555,156 30,159,041

„∫ ”§—≠· ¥ß ‘∑∏‘§ß‡À≈◊Õ (0.67 ≈â“πÀÿâπ

„πªï 2545 ·≈– 1.27 ≈â“πÀÿâπ „πªï 2544) 375,541 598,895

®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°ª√—∫≈¥ 30,930,697 30,757,936

19. °“√‡ πÕ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π®”·π°µ“¡ à«πß“π∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¥”‡π‘π°‘®°“√„π à«πß“π §◊Õ °“√º≈‘µ·≈–®”Àπà“¬º≈‘µ¿—≥±å·ºß«ß®√Õ‘‡≈Á°∑√Õπ‘° å æ√’‡æ°·≈–≈“¡‘‡πµ

√“¬°“√√–À«à“ß°—π§◊Õ§à“¢“¬æ√’‡æ°·≈–≈“¡‘‡πµ¢Õß∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ „Àâ°—∫∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ Õß·Ààß

(∫√‘…—∑ ‡§ ’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ·≈–∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥) ÷Ëß√“§“¢“¬‡ªìπ‰ªµ“¡√“§“µ≈“¥ ‚¥¬®”·π°µ“¡¿Ÿ¡‘»“ µ√å

¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π‡°’Ë¬«°—∫°“√¥”‡π‘πß“π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬®”·π°µ“¡¿Ÿ¡‘»“ µ√å ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈–

2544 ¡’¥—ßπ’È

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2545

∏ÿ√°‘® æ√’‡æ° ∏ÿ√°‘®·ºß«ß®√Õ‘‡≈Á°∑√Õπ‘° å √«¡

·≈–≈“¡‘‡πµ

Õ‡¡√‘°“ ¬ÿ‚√ª ‡Õ‡™’¬ √«¡

∫“∑ ∫“∑ ∫“∑ ∫“∑ ∫“∑ ∫“∑

√“¬‰¥â

√“¬‰¥â®“°°“√¢“¬ 428,822,647 859,336,436 2,004,738,680 755,253,851 3,619,328,967 4,048,151,614

√“¬‰¥âÕ◊Ëπ 7,196,083 - - - 108,867,623 116,063,706

À—° √“¬°“√√–À«à“ß°—π - - - - (428,822,647) (428,822,647)

√«¡√“¬‰¥â 436,018,730 859,336,436 2,004,738,680 755,253,851 3,299,373,943 3,735,392,673

°”‰√°àÕπ¿“…’‡ß‘π‰¥â 51,757,681 132,209,890 183,967,571

À—° ¿“…’‡ß‘π‰¥â (8,353,735) (20,537,345) (28,891,080)

43,403,946 111,672,545 155,076,491

À—° à«π¢ÕßºŸâ∂◊ÕÀÿâπ

à«ππâÕ¬„π°”‰√ ÿ∑∏‘√«¡ (7,036,302)

°”‰√ ÿ∑∏‘ 148,040,189


KCE ELECTRONICS PCL

∏ÿ√°‘® æ√’‡æ° ∏ÿ√°‘®·ºß«ß®√Õ‘‡≈Á°∑√Õπ‘° å √«¡

·≈–≈“¡‘‡πµ

Õ‡¡√‘°“ ¬ÿ‚√ª ‡Õ‡™’¬ √«¡

∫“∑ ∫“∑ ∫“∑ ∫“∑ ∫“∑ ∫“∑

‘π∑√—æ¬å∑’Ë„™â„π à«πß“π 279,054,251 - - - 3,320,937,936 3,599,992,187

‘π∑√—æ¬å à«π°≈“ß 214,610,659 - - - 1,968,612,053 2,183,222,712

‘π∑√—æ¬å√«¡ 493,664,910 - - - 5,289,549,989 5,783,214,899

”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2544

∏ÿ√°‘® æ√’‡æ° ∏ÿ√°‘®·ºß«ß®√Õ‘‡≈Á°∑√Õπ‘° å √«¡

·≈–≈“¡‘‡πµ

Õ‡¡√‘°“ ¬ÿ‚√ª ‡Õ‡™’¬ √«¡

∫“∑ ∫“∑ ∫“∑ ∫“∑ ∫“∑ ∫“∑

√“¬‰¥â

√“¬‰¥â®“°°“√¢“¬ 506,188,709 831,341,417 2,188,405,876 481,812,433 3,501,559,726 4,007,748,435

√“¬‰¥âÕ◊Ëπ 2,715,247 - - - 71,005,020 73,720,267

À—° √“¬°“√√–À«à“ß°—π - - - - (506,188,709) (506,188,709)

√«¡√“¬‰¥â 508,903,956 831,341,417 2,188,405,876 481,812,433 3,066,376,037 3,575,279,993

°”‰√°àÕπ¿“…’‡ß‘π‰¥â 18,572,304 6,340,036 24,912,340

À—° ¿“…’‡ß‘π‰¥â (640,276) (15,488,219) (16,128,495)

17,932,028 (9,148,183) 8,783,845

À—° à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬

„π°”‰√ ÿ∑∏‘√«¡ (5,550,660)

°”‰√ ÿ∑∏‘ 3,233,185

‘π∑√—æ¬å∑’Ë„™â„π à«πß“π 233,925,663 - - - 2,799,450,369 3,033,376,032

‘π∑√—æ¬å à«π°≈“ß 275,449,884 - - - 1,428,038,566 1,703,488,450

‘π∑√—æ¬å√«¡ 509,375,547 - - - 4,227,488,935 4,736,864,482

20. Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ ¿“√–ºŸ°æ—π·≈–«ß‡ß‘π ‘π‡™◊ËÕ∫“ß à«π∑’Ë¬—ß‰¡à ‰¥â„™â

20.1 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬∑—ÈßÀ¡¥ (∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥ ∫√‘…—∑

‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥ ·≈–∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥) ¡’Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ®“°°“√„Àâ∏π“§“√ÕÕ°Àπ—ß ◊Õ

§È”ª√–°—π‡ªìπ®”π«π‡ß‘π 27.06 ≈â“π∫“∑ ·≈–®”π«π 26.93 ≈â“π∫“∑ µ“¡≈”¥—∫

20.2 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’‡≈µ‡µÕ√åÕÕø‡§√¥‘µ∑’Ë¬—ß‰¡à‰¥â„™â‡ªìπ®”π«π‡ß‘πª√–¡“≥ 2,110.79 ≈â“π∫“∑ ·≈– 32.41 ≈â“π¥Õ≈≈“√å

À√—∞ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈–®”π«π‡ß‘πª√–¡“≥ 2,458.71 ≈â“π∫“∑ ·≈– 41.04 ≈â“π¥Õ≈≈“√å À√—∞ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2544

20.3 ∫√‘…—∑¡’Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ®“°°“√§È”ª√–°—π«ß‡ß‘π°Ÿâ¬◊¡·≈–«ß‡ß‘π ‘π‡™◊ËÕ∑ÿ°ª√–‡¿∑¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ’ Õ’

Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ‡ªìπ®”π«π‡ß‘π 720.71 ≈â“π∫“∑ ·≈– 6.25 ≈â“π¥Õ≈≈“√å À√—∞ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– ‡ªìπ®”π«π‡ß‘π

762.08 ≈â“π∫“∑ ·≈– 1.25 ≈â“π¥Õ≈≈“√å À√—∞ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2544

69√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

20.4 ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ¡’Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ®“°°“√§È”ª√–°—π‡ß‘π°Ÿâ¬◊¡·≈–«ß‡ß‘π

‘π‡™◊ËÕ∑ÿ°ª√–‡¿∑¢Õß∫√‘…—∑‡ªìπ®”π«π‡ß‘πª√–¡“≥ 475.31 ≈â“π∫“∑ ·≈– 2 ≈â“π¥Õ≈≈“√å À√—∞ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈–

®”π«π‡ß‘πª√–¡“≥ 723.46 ≈â“π∫“∑ ·≈– 2 ≈â“π¥Õ≈≈“√å À√—∞ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2544

20.5 ∫√‘…—∑¡’Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ®“°°“√§È”ª√–°—π«ß‡ß‘π°Ÿâ¬◊¡·≈–«ß‡ß‘π ‘π‡™◊ËÕ∑ÿ°ª√–‡¿∑¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§´’Õ’

‡∑§‚π‚≈¬’ ®”°—¥) ‡ªìπ®”π«π‡ß‘π 2,490 ≈â“π∫“∑ ·≈– 50 ≈â“π¥Õ≈≈“√å À√—∞ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈–®”π«π‡ß‘π 2,160 ≈â“π∫“∑

·≈– 41.50 ≈â“π¥Õ≈≈“√å À√—∞ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2544

20.6 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ¡’Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ®“°°“√§È”ª√–°—π

‡ß‘π°Ÿâ¬◊¡·≈–«ß‡ß‘π ‘π‡™◊ËÕ∑ÿ°ª√–‡¿∑¢Õß∫√‘…—∑¬àÕ¬Õ’°·ÀàßÀπ÷Ëß (∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥) ‡ªìπ®”π«π‡ß‘π 155

≈â“π∫“∑ ·≈– 3 ≈â“π¥Õ≈≈“√å À√—∞ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈–‡ªìπ®”π«π‡ß‘π 195 ≈â“π∫“∑ ·≈– 3 ≈â“π¥Õ≈≈“√å À√—∞ ≥ «—π∑’Ë 31

∏—π«“§¡ 2544

20.7 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥) ¡’Àπ’È ‘π

∑’ËÕ“®‡°‘¥¢÷Èπ®“°°“√§È”ª√–°—π‡ß‘π°Ÿâ¬◊¡¢Õß∫√‘…—∑¬àÕ¬Õ’°·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ‡ªìπ®”π«π 10 ≈â“π∫“∑

·≈– 5 ≈â“π¥Õ≈≈“√å À√—∞

20.8 ∫√‘…—∑¡’Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ®“°°“√§È”«ß‡ß‘π ‘π‡™◊ËÕ¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥)

‡ªìπ®”π«π‡ß‘π 463 ≈â“π∫“∑ ·≈– 19.4 ≈â“π¥Õ≈≈“√å À√—∞ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈–®”π«π‡ß‘π 63 ≈â“π∫“∑ ·≈– 3.9 ≈â“π

¥Õ≈≈“√å À√—∞ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2544

20.9 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ‡√Õ√å ®”°—¥) ¡’¿“√–Àπ’È ‘π®“°°“√

∑” —≠≠“°àÕ √â“ß à«π¢¬“¬‚√ßß“π°—∫∫√‘…—∑·ÀàßÀπ÷Ëß‡ªìπ®”π«π‡ß‘πª√–¡“≥ 7.95 ≈â“π∫“∑ ÷Ëß —≠≠“¥—ß°≈à“«®– √â“ß‡ √Á®¿“¬„πªï 2546

21. ‘∑∏‘·≈–Àπâ“∑’Ë„π°“√√—∫ àß‡ √‘¡°“√≈ß∑ÿπ

21.1 ∫√‘…—∑‰¥â√—∫ ‘∑∏‘ª√–‚¬™πå∫“ßª√–°“√„π∞“π–ºŸâ‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπµ“¡æ√–√“™∫—≠≠—µ‘ àß‡ √‘¡°“√≈ß∑ÿπ æ.». 2520

´÷Ëß√«¡∂÷ß°“√¬°‡«âπÕ“°√¢“‡¢â“ ”À√—∫‡§√◊ËÕß®—°√µ“¡∑’Ë§≥–°√√¡°“√æ‘®“√≥“Õπÿ¡—µ‘ ·≈–‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈ ”À√—∫

°”‰√ ÿ∑∏‘‡ªìπ√–¬–‡«≈“ 3 ªï π—∫µ—Èß·µà«—π∑’Ë 1 ¡°√“§¡ 2539 ”À√—∫∫—µ√ àß‡ √‘¡‡≈¢∑’Ë 1292/2539 ¬°‡«âπÕ“°√¢“‡¢â“ ”À√—∫

‡§√◊ËÕß®—°√µ“¡∑’Ë§≥–°√√¡°“√æ‘®“√≥“Õπÿ¡—µ‘ ·≈–‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈ ”À√—∫°”‰√ ÿ∑∏‘‡ªìπ√–¬–‡«≈“ 3 ªï π—∫µ—Èß·µà

«—π∑’Ë 8 ‘ßÀ“§¡ 2541 ”À√—∫∫—µ√ àß‡ √‘¡‡≈¢∑’Ë 1062/2541 ·≈–‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈ ”À√—∫°”‰√ ÿ∑∏‘‡ªìπ√–¬–‡«≈“ 3 ªï

π—∫µ—Èß·µà«—π∑’Ë 2 ¡‘∂ÿπ“¬π 2543 ”À√—∫∫—µ√ àß‡ √‘¡‡≈¢∑’Ë 1065/2543

21.2 ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§ ´’ Õ’ Õ‘π‡µÕ√å‡π™—Ëπ·π≈ ®”°—¥) ‰¥â√—∫ ‘∑∏‘ª√–‚¬™πå∫“ßª√–°“√„π∞“π–ºŸâ‰¥â√—∫°“√ àß‡ √‘¡

°“√≈ß∑ÿπµ“¡æ√–√“™∫—≠≠—µ‘ àß‡ √‘¡°“√≈ß∑ÿπ æ.». 2520 ÷Ëß√«¡∂÷ß°“√¬°‡«âπÕ“°√¢“‡¢â“ ”À√—∫‡§√◊ËÕß®—°√µ“¡∑’Ë§≥–°√√¡°“√

æ‘®“√≥“Õπÿ¡—µ‘·≈–‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈ ”À√—∫°”‰√ ÿ∑∏‘‡ªìπ√–¬–‡«≈“ 3 ªï π—∫µ—Èß·µà«—π∑’Ë 13 µÿ≈“§¡ 2542 ”À√—∫

∫—µ√ àß‡ √‘¡‡≈¢∑’Ë 1015/2542 πÕ°®“°π’ÈºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑®—°‰¥â√—∫ª√–‚¬™πå®“°°“√‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥â ”À√—∫‡ß‘πªíπº≈∑’Ë®–‰¥â√—∫

®“°∫√‘…—∑µ≈Õ¥‡«≈“∑’Ë∫√‘…—∑‰¥â√—∫°“√¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈Õ’°ª√–°“√Àπ÷Ëß¥â«¬

21.3 ∫√‘…—∑¬àÕ¬Õ’°·ÀàßÀπ÷Ëß (∫√‘…—∑ ‰∑¬≈“¡‘‡πµ ·¡πŸ·ø§‡®Õ√å‡√Õ√å ®”°—¥) ‰¥â√—∫ ‘∑∏‘ª√–‚¬™πå∫“ßª√–°“√„π∞“π–ºŸâ‰¥â√—∫

°“√ àß‡ √‘¡°“√≈ß∑ÿπµ“¡æ√–√“™∫—≠≠—µ‘ àß‡ √‘¡°“√≈ß∑ÿπ æ.». 2520 ´÷Ëß√«¡∂÷ß°“√¬°‡«âπÕ“°√¢“‡¢â“ ”À√—∫‡§√◊ËÕß®—°√µ“¡∑’Ë

§≥–°√√¡°“√æ‘®“√≥“Õπÿ¡—µ‘ ·≈–‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈ ”À√—∫°”‰√ ÿ∑∏‘‡ªìπ√–¬–‡«≈“ 3 ªï π—∫µ—Èß·µà«—π∑’Ë 16 ¡°√“§¡ 2540

”À√—∫∫—µ√ àß‡ √‘¡‡≈¢∑’Ë 1618/2538 ·≈–‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈ ”À√—∫°”‰√ ÿ∑∏‘‡ªìπ√–¬–‡«≈“ 3 ªï π—∫µ—Èß·µà«—π∑’Ë 3 æƒ»®‘°“¬π

2544 ”À√—∫∫—µ√ àß‡ √‘¡‡≈¢∑’Ë 1099/2544


KCE ELECTRONICS PCL

21.4 ≥ «—π∑’Ë 5 ‡¡…“¬π 2543 ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß (∫√‘…—∑ ‡§´’Õ’ ‡∑§‚π‚≈¬’ ®”°—¥) ‰¥â√—∫ ‘∑∏‘ª√–‚¬™πå∫“ßª√–°“√„π∞“π–

ºŸâ ‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπµ“¡æ√–√“™∫—≠≠—µ‘ àß‡ √‘¡°“√≈ß∑ÿπ æ.». 2520 ÷Ëß√«¡∂÷ß°“√‰¥â√—∫¬°‡«âπÕ“°√¢“‡¢â“ ”À√—∫‡§√◊ËÕß®—°√

µ“¡∑’Ë§≥–°√√¡°“√æ‘®“√≥“Õπÿ¡—µ‘‰¥â√—∫¬°‡«âπÕ“°√¢“‡¢â“ ”À√—∫«—µ∂ÿ¥‘∫·≈–«— ¥ÿ®”‡ªìπ∑’ËµâÕßπ”‡¢â“®“°µà“ßª√–‡∑» ‡æ◊ËÕ„™â„π

°“√º≈‘µ‡æ◊ËÕ°“√ àßÕÕ°‡ªìπ√–¬–‡«≈“ 1 ªï π—∫·µà«—ππ”‡¢â“§√—Èß·√°·≈–‰¥â√—∫¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈ ”À√—∫°”‰√ ÿ∑∏‘‡ªìπ√–¬–‡«≈“

7 ªï π—∫·µà«—π∑’Ë‡√‘Ë¡¡’√“¬‰¥â®“°°“√ª√–°Õ∫°‘®°“√∑’Ë‰¥â√—∫°“√ àß‡ √‘¡ ·≈–ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑¥—ß°≈à“«®—°‰¥â√—∫ª√–‚¬™πå®“°°“√‰¥â√—∫

¬°‡«âπ¿“…’‡ß‘π‰¥â ”À√—∫‡ß‘πªíπº≈∑’Ë®–‰¥â√—∫®“°∫√‘…—∑µ≈Õ¥‡«≈“∑’Ë∫√‘…—∑‰¥â√—∫°“√¬°‡«âπ¿“…’‡ß‘π‰¥âπ‘µ‘∫ÿ§§≈Õ’°ª√–°“√Àπ÷Ëß¥â«¬

πÕ°®“°π’È∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‰¥â√—∫Õπÿ≠“µ„ÀâÀ—°‡ß‘π‰¥âæ÷ßª√–‡¡‘π‡ªìπ®”π«π‡∑à“°—∫√âÕ¬≈– 5 ¢Õß√“¬‰¥â∑’Ë‡æ‘Ë¡¢÷Èπ®“°

ªï°àÕπ®“°°“√ àßÕÕ°‡ªìπ√–¬–‡«≈“ 10 ªï π—∫·µà«—π∑’Ë¡’√“¬‰¥â®“°°“√ª√–°Õ∫°‘®°“√∑’Ë‰¥â√—∫°“√ àß‡ √‘¡

∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬®÷ßµâÕßªØ‘∫—µ‘µ“¡‡ß◊ËÕπ‰¢µà“ßÊ ∑’Ë°”Àπ¥‰«â„π∫—µ√ àß‡ √‘¡°“√≈ß∑ÿπ

21.5 √“¬‰¥â∑’Ë ‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπ

√“¬‰¥âµ“¡ª√–¡«≈√—…Æ“°√∑’Ë‰¥â√—∫°“√ àß‡ √‘¡°“√≈ß∑ÿπª√–°Õ∫¥â«¬

ß∫°“√‡ß‘π√«¡

2545

∏ÿ√°‘®∑’Ë ‰¥â√—∫ ∏ÿ√°‘®∑’Ë ‰¡à ‰¥â√—∫ ¬Õ¥√«¡

°“√ àß‡ √‘¡ °“√ àß‡ √‘¡

∫“∑ ∫“∑ ∫“∑

√“¬‰¥â

√“¬‰¥â®“°°“√¢“¬ ‘π§â“ àßÕÕ° 2,631,803,874 1,629,931,869 4,261,735,743

√“¬‰¥â®“°°“√¢“¬ ‘π§â“„πª√–‡∑» 105,572,341 82,529,794 188,102,135

√“¬‰¥â¥Õ°‡∫’È¬ 1,754,557 29,992,222 31,746,779

√“¬‰¥âÕ◊Ëπ 55,110,124 38,619,045 93,729,169

√«¡√“¬‰¥â 2,794,240,896 1,781,072,930 4,575,313,826

2544

∏ÿ√°‘®∑’Ë ‰¥â√—∫ ∏ÿ√°‘®∑’Ë ‰¡à ‰¥â√—∫ ¬Õ¥√«¡

°“√ àß‡ √‘¡ °“√ àß‡ √‘¡

∫“∑ ∫“∑ ∫“∑

√“¬‰¥â

√“¬‰¥â®“°°“√¢“¬ ‘π§â“ àßÕÕ° 2,589,367,468 1,569,644,652 4,159,012,120

√“¬‰¥â®“°°“√¢“¬ ‘π§â“„πª√–‡∑» 58,149,856 74,597,268 132,747,124

√“¬‰¥â¥Õ°‡∫’È¬ 2,250,219 32,862,239 35,112,458

√“¬‰¥âÕ◊Ëπ 26,523,945 25,476,584 52,000,529

√«¡√“¬‰¥â 2,676,291,488 1,702,580,743 4,378,872,231

71√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑

2545

∏ÿ√°‘®∑’Ë ‰¥â√—∫ ∏ÿ√°‘®∑’Ë ‰¡à ‰¥â√—∫ ¬Õ¥√«¡

°“√ àß‡ √‘¡ °“√ àß‡ √‘¡

∫“∑ ∫“∑ ∫“∑

√“¬‰¥â

√“¬‰¥â®“°°“√¢“¬ ‘π§â“ àßÕÕ° 861,908,775 847,610,231 1,709,519,006

√“¬‰¥â®“°°“√¢“¬ ‘π§â“„πª√–‡∑» 44,333,216 40,254,584 84,587,800

√“¬‰¥â¥Õ°‡∫’È¬ 474,085 29,944,796 30,418,881

√“¬‰¥âÕ◊Ëπ 14,199,460 22,268,085 36,467,545

√«¡√“¬‰¥â 920,915,536 940,077,696 1,860,993,232

2544

∏ÿ√°‘®∑’Ë ‰¥â√—∫ ∏ÿ√°‘®∑’Ë ‰¡à ‰¥â√—∫ ¬Õ¥√«¡

°“√ àß‡ √‘¡ °“√ àß‡ √‘¡

∫“∑ ∫“∑ ∫“∑

√“¬‰¥â

√“¬‰¥â®“°°“√¢“¬ ‘π§â“ àßÕÕ° 1,523,271,959 521,306,943 2,044,578,902

√“¬‰¥â®“°°“√¢“¬ ‘π§â“„πª√–‡∑» 15,865,898 49,884,440 65,750,338

√“¬‰¥â¥Õ°‡∫’È¬ 1,778,028 30,034,020 31,812,048

√“¬‰¥âÕ◊Ëπ 24,797,337 9,312,146 34,109,483

√«¡√“¬‰¥â 1,565,713,222 610,537,549 2,176,250,771

22. °“√‡ªî¥‡º¬¢âÕ¡Ÿ≈‡°’Ë¬«°—∫µ√“ “√∑“ß°“√‡ß‘π

22.1 π‚¬∫“¬°“√∫—≠™’

π‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠‰¥â‡ªî¥‡º¬‰«â„πÀ¡“¬‡Àµÿ¢âÕ 4

22.2 §«“¡‡ ’Ë¬ß®“°°“√‰¡àªØ‘∫—µ‘µ“¡ —≠≠“

§«“¡‡ ’Ë¬ß®“°°“√‰¡àªØ‘∫—µ‘µ“¡ —≠≠“‡°‘¥®“°°“√∑’Ë§Ÿà —≠≠“‰¡àªØ‘∫—µ‘µ“¡¢âÕ°”Àπ¥„π —≠≠“ ÷Ëß°àÕ„Àâ‡°‘¥§«“¡‡ ’¬À“¬·°à

∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’§«“¡‡ ’Ë¬ß‡°’Ë¬«°—∫°“√„Àâ ‘π‡™◊ËÕ´÷Ëß‡°‘¥®“°≈Ÿ°Àπ’È°“√§â“‰¡à¡“° ‡π◊ËÕß®“°≈Ÿ°§â“¢Õß∫√‘…—∑

·≈–∫√‘…—∑¬àÕ¬¡’ª√–«—µ‘¢Õß°“√™”√–Àπ’È∑’Ë¡’ªí≠À“πâÕ¬¡“°

§«“¡‡ ’Ë¬ß‡°’Ë¬«°—∫°“√°√–®ÿ°µ—«¢Õß ‘π‡™◊ËÕ ÷Ëß‡°‘¥®“°≈Ÿ°Àπ’È°“√§â“Õ¬Ÿà„π√–¥—∫µË” ‡π◊ËÕß®“°≈Ÿ°Àπ’È¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬

°√–®“¬Õ¬Ÿà∑—Ë«‰ª

”À√—∫ ‘π∑√—æ¬å∑“ß°“√‡ß‘π∑’Ë· ¥ß„πß∫¥ÿ≈ √“§“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬åÀ≈—ß®“°À—°§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠∂◊Õ‡ªìπ¡Ÿ≈§à“ Ÿß ÿ¥

¢Õß§«“¡‡ ’Ë¬ß∑’Ë‡°‘¥®“°°“√‰¡àªØ‘∫—µ‘µ“¡ —≠≠“¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬


KCE ELECTRONICS PCL

22.3 §«“¡‡ ’Ë¬ß‡°’Ë¬«°—∫Õ—µ√“¥Õ°‡∫’È¬

§«“¡‡ ’Ë¬ß‡°’Ë¬«°—∫Õ—µ√“¥Õ°‡∫’È¬‡°‘¥®“°°“√∑’ËÕ—µ√“¥Õ°‡∫’È¬®–‡ª≈’Ë¬π·ª≈ß‰ª ´÷Ëß°àÕ„Àâ‡°‘¥º≈‡ ’¬À“¬·°à∫√‘…—∑·≈–

∫√‘…—∑¬àÕ¬„πß«¥ªí®®ÿ∫—π·≈–ß«¥µàÕÊ ‰ª ÷Ëß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬§“¥«à“º≈°√–∑∫®“°Õ—µ√“¥Õ°‡∫’È¬∑’ËÕ“®®–‡ª≈’Ë¬π·ª≈ß Ÿß¢÷Èπ„πÕπ“§µ

Õ“®¡’ “√– ”§—≠µàÕ¥Õ°‡∫’È¬®à“¬

22.4 §«“¡‡ ’Ë¬ß®“°Õ—µ√“·≈°‡ª≈’Ë¬π

§«“¡‡ ’Ë¬ß®“°Õ—µ√“·≈°‡ª≈’Ë¬π‡°‘¥®“°°“√‡ª≈’Ë¬π·ª≈ß¢ÕßÕ—µ√“·≈°‡ª≈’Ë¬π‡ß‘πµ√“µà“ßª√–‡∑» ÷Ëß°àÕ„Àâ‡°‘¥º≈‡ ’¬À“¬

·°à∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬„πß«¥ªí®®ÿ∫—π·≈–„πß«¥µàÕÊ ‰ª ´÷Ëß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬§“¥«à“º≈°√–∑∫®“°Õ—µ√“·≈°‡ª≈’Ë¬π‡ß‘πµ√“

µà“ßª√–‡∑»∑’ËÕ“®‡ª≈’Ë¬π·ª≈ß„πÕπ“§µ ´÷Ëß¡’º≈µàÕ√“¬°“√´◊ÈÕ·≈–√“¬°“√¢“¬„π °ÿ≈‡ß‘πµ√“µà“ßª√–‡∑» Õ“®¡’ “√– ”§—≠µàÕ

º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ Õ¬à“ß‰√°Áµ“¡∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ‰¥â∑” —≠≠“ªÑÕß°—π§«“¡‡ ’Ë¬ß ”À√—∫Àπ’È ‘π∑’Ë‡ªìπ

‡ß‘πµ√“µà“ßª√–‡∑»∫“ß à«π (¥ŸÀ¡“¬‡Àµÿ¢âÕ 8)

22.5 √“§“¬ÿµ‘∏√√¡¢Õßµ√“ “√∑“ß°“√‡ß‘π

¡“µ√∞“π°“√∫—≠™’©∫—∫∑’Ë 48 ‡√◊ËÕß °“√· ¥ß√“¬°“√·≈–°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ”À√—∫‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π°”Àπ¥„Àâ‡ªî¥‡º¬

¡Ÿ≈§à“¬ÿµ‘∏√√¡ ´÷ËßµâÕß„™â¥ÿ≈¬æ‘π‘®„π°“√ª√–¡“≥¡Ÿ≈§à“¬ÿµ‘∏√√¡ ¥—ßπ—Èπ ¡Ÿ≈§à“¬ÿµ‘∏√√¡∑’Ëª√–¡“≥¢÷Èπ∑’Ë‡ªî¥‡º¬„πÀ¡“¬‡Àµÿª√–°Õ∫

ß∫°“√‡ß‘ππ’È®÷ß‰¡à®”‡ªìπµâÕß∫àß™’È∂÷ß®”π«π‡ß‘π ´÷Ëß‡°‘¥¢÷Èπ®√‘ß„π°“√·≈°‡ª≈’Ë¬π„πµ≈“¥ªí®®ÿ∫—π

≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544 ‘π∑√—æ¬å∑“ß°“√‡ß‘π·≈–Àπ’È ‘π∑“ß°“√‡ß‘π∑’Ë¡’¡Ÿ≈§à“µ“¡∑’Ëª√“°Ø„πß∫°“√‡ß‘π

·µ°µà“ß®“°¡Ÿ≈§à“¬ÿµ‘∏√√¡ ¡’¥—ßµàÕ‰ªπ’È

Àπà«¬ : ≈â“π∫“∑

ß∫°“√‡ß‘π√«¡

31 ∏—π«“§¡ 2545 31 ∏—π«“§¡ 2544

√“§“µ“¡ ¡Ÿ≈§à“ √“§“µ“¡ ¡Ÿ≈§à“

∫—≠™’ ¬ÿµ‘∏√√¡ ∫—≠™’ ¬ÿµ‘∏√√¡

≈Ÿ°Àπ’È —≠≠“ ◊ÈÕ‡ß‘πµ√“µà“ßª√–‡∑»≈à«ßÀπâ“- ÿ∑∏‘ 11.83 11.84 51.12 51.33

∫√‘…—∑‰¡à¡’ —≠≠“´◊ÈÕ¢“¬‡ß‘πµ√“µà“ßª√–‡∑»§ß‡À≈◊Õ„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2545 ·≈– 2544

∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬„™â«‘∏’°“√·≈–¢âÕ ¡¡µ‘∞“π¥—ßµàÕ‰ªπ’È „π°“√ª√–¡“≥√“§“¬ÿµ‘∏√√¡¢Õßµ√“ “√∑“ß°“√‡ß‘π

‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√ ‡ß‘π≈ß∑ÿπ√–¬– —Èπ ≈Ÿ°Àπ’È°“√§â“·≈–‡®â“Àπ’È°“√§â“¡’√“§“¬ÿµ‘∏√√¡‡∑à“°—∫√“§“µ“¡∫—≠™’

‚¥¬ª√–¡“≥

‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å®¥∑–‡∫’¬π √“§“¬ÿµ‘∏√√¡∂◊Õµ“¡√“§“∑’Ë´◊ÈÕ¢“¬°—π„πµ≈“¥ ”À√—∫‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å∑’Ë¡‘„™à

À≈—°∑√—æ¬å®¥∑–‡∫’¬π√“§“¬ÿµ‘∏√√¡ª√–¡“≥®“°¡Ÿ≈§à“ ‘π∑√—æ¬å ÿ∑∏‘ ‚¥¬„™â¢âÕ¡Ÿ≈®“°ß∫°“√‡ß‘π≈à“ ÿ¥‡∑à“∑’Ë¡’¢Õß∫√‘…—∑π—Èπ

‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π ´÷Ëß¡’Õ—µ√“¥Õ°‡∫’È¬≈Õ¬µ—«√“§“¬ÿµ‘∏√√¡∂◊Õ√“§“µ“¡∫—≠™’

23. ‡Àµÿ°“√≥å ”§—≠¿“¬À≈—ß«—π ‘Èπß«¥≥ «—π∑’Ë 16 ¡°√“§¡ 2546 ∫√‘…—∑‰¥â∑” —≠≠“®–´◊ÈÕ®–¢“¬‡æ◊ËÕ´◊ÈÕ∑’Ë¥‘π°—∫∏π“§“√·ÀàßÀπ÷Ëß‡ªìπ®”π«π‡ß‘π 60 ≈â“π∫“∑

73√“¬ß“πª√–®”ªï 2545

∫¡®. ‡§ ’Õ’ Õ’ ‡≈§‚∑√π‘§ å

TO THE SHAREHOLDERS AND BOARD OF DIRECTORSKCE ELECTRONICS PUBLIC COMPANY LIMITED

We have audited the consolidated balance sheet of KCE Electronics Public CompanyLimited and subsidiaries and the balance sheet of KCE Electronics Public Company Limited asat December 31, 2002, and the related consolidated and the Companyûs statements of income,changes in shareholdersû equity and cash flows for the year then ended. These financialstatements are the responsibility of the Companyûs management as to their correctness andcompleteness of the presentation. Our responsibility is to express an opinion on these financialstatements based on our audit. The consolidated and the Companyûs financial statements for theyear ended December 31, 2001 (before the adjustments referred to in paragraphs four and five)were audited by another auditor of the same firm, whose report thereon dated February 11,2002 expressed an unqualified opinion and there was an emphasis of a matter paragraphthat as at June 30, 2001, the Company and its two subsidiary companies had changed theiraccounting policy for property, plant and equipment from revaluation method to cost method.

We conducted our audit in accordance with generally accepted auditing standards.Those standards require that we plan and perform the audit to obtain reasonable assurance asto whether the financial statements are free of material misstatement. An audit includesexamining, on a test basis, evidence supporting the amounts and disclosures in the financialstatements. An audit also includes assessing the accounting principles used and significantestimates made by management, as well as evaluating the overall financial statementpresentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the aforementioned consolidated and the Companyûs financial statementspresent fairly, in all material respects, the financial position of KCE Electronics Public CompanyLimited and its subsidiaries and of KCE Electronics Public Company Limited as at December 31,2002, and the results of the operations and the cash flows for the year then ended in conformitywith generally accepted accounting principles.

Without qualifying our opinion, as described in Note 5 to the financial statements, in theyear 2002, the Company has changed its accounting policy for the Companyûs shares held by itssubsidiaries from recording as current investments in securities to recording as Companyûsshares held by its subsidiaries. The consolidated and the Companyûs financial statements for theyear ended December 31, 2001, have been adjusted for the effects of applying the new methodof accounting retroactively. We have reviewed the adjustments affecting such consolidated andsuch Companyûs financial statements.

As described in Note 10.2 to the financial statements, the consolidated and the Companyûsfinancial statements for the year ended December 31, 2001, have been retroactively adjusted forthe share of loss from investment using the equity method of associated companies due to theCompany having received an associated companyûs financial statements for the year endedDecember 31, 2001, which have been audited by other auditor in the 2002.

REPORT OF THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

KCE ELECTRONICS PUBLIC COMPANY LIMITED AND SUBSIDIARIES

Niti JungnitnirundrCertified Public Accountant (Thailand)

Registration No. 3809DELOITTE TOUCHE TOHMATSU JAIYOS

BANGKOKFebruary 25, 2003


KCE ELECTRONICS PCL

ASSETS

CURRENT ASSETS

Cash and cash equivalents 369,659,063 329,624,339 144,219,640 169,966,635

Current investments 5

Fixed deposits at banks - 334,664 - 334,664

Trade account receivables 936,639,085 605,211,594 431,475,618 330,019,492

Trade account receivables - related parties 16 110,170,602 60,846,564 48,614,908 50,102,398

1,046,809,687 666,058,158 480,090,526 380,121,890

Less Allowance for doubtful accounts (3,619,447) (4,253,590) (3,619,447) (3,133,977)

Trade account receivables, net 1,043,190,240 661,804,568 476,471,079 376,987,913

Short-term loans and advance to director

and related parties 16 - 742,267 2,952,789 3,867,400

Inventories, net 9 678,456,919 611,801,307 292,202,089 351,960,844

Other current assets

Revenue Department receivable 5,587,170 5,872,273 1,935,930 2,932,610

Prepaid expenses 13,148,440 5,401,634 6,041,717 2,079,035

Other receivable 10,805,515 15,246,745 492,394 -

Others 4,870,068 2,049,780 2,110,024 305,485

Total Current Assets 2,125,717,415 1,632,877,577 926,425,662 908,434,586

BALANCE SHEETS


Unit : BahtAs At December 31,

CONSOLIDATED THE COMPANY ONLY

2002 20022001Restated

2001Restated

Note

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Notes to the financial statements form an integral part of these statements

NON - CURRENT ASSETS

Investments using the equity method 10 40,693,371 39,012,956 1,520,860,841 1,223,803,230

Other long-term investments 426,398 426,398 426,398 426,398

Property, plant and equipment, net 11 3,599,992,186 3,033,376,032 778,818,336 725,622,962

Goodwill, net 10.5 6,302,097 12,332,204 - -

Other non-current assets

Deposits 10,043,432 18,799,315 5,183,653 17,939,326

Others 40,000 40,000 40,000 40,000

Total Non - Current Assets 3,657,497,484 3,103,986,905 2,305,329,228 1,967,831,916

TOTAL ASSETS 5,783,214,899 4,736,864,482 3,231,754,890 2,876,266,502


2001Restated

2001Restated

NoteCONSOLIDATED THE COMPANY ONLY

2002 2002


KCE ELECTRONICS PCL


2001Restated

2001Restated

Note

LIABILITIES AND SHAREHOLDERSû

EQUITY

CURRENT LIABILITIES

Bank overdrafts and short-term loans

from financial institutions 12 945,317,983 824,973,661 603,643,683 417,489,889

Trade account payables 521,882,970 288,532,308 152,913,438 118,832,546

Trade account payables-related parties 16 77,766,967 27,029,989 186,561,910 135,928,226

Current portion of long-term loans 13 420,995,366 265,870,145 180,279,848 208,996,506

Short-term loans and advance from director

and related parties 16 3,265,627 1,779,323 1,119,204 652,468

Other current liabilities

Accrued income tax 14,904,008 15,419,729 - -

Accrued expenses 68,901,998 50,982,901 31,972,195 27,763,419

Other payables 24,724,835 7,148,605 - 2,200,000

Other payable-purchase of fixed assets 220,382,150 75,051,827 49,467,744 6,397,687

Accrued interest 9,569,368 11,368,356 2,103,766 2,568,579

Others 4,565,815 1,165,742 1,042,220 575,634

Total Current Liabilities 2,312,277,087 1,569,322,586 1,209,104,008 921,404,954

NON - CURRENT LIABILITIES

Long-term loans 13 1,635,787,265 1,502,330,910 210,203,195 305,379,050

Total Non - Current Liabilities 1,635,787,265 1,502,330,910 210,203,195 305,379,050

TOTAL LIABILITIES 3,948,064,352 3,071,653,496 1,419,307,203 1,226,784,004

BALANCE SHEETS (Continued)


2002 2002


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2001Restated

2001Restated

Note

LIABILITIES AND SHAREHOLDERSûEQUITY (CONTINUED)

SHAREHOLDERSû EQUITYSHARE CAPITAL 18

Authorized share capital45,000,000 ordinary sharesof Baht 10.00 each 450,000,000 450,000,000 450,000,000 450,000,000

Issued and paid-up share capital30,827,000 ordinary sharesof Baht 10.00 each, fully paid 308,270,000 308,270,000

30,230,000 ordinary sharesof Baht 10.00 each, fully paid 302,300,000 302,300,000

WARRANTS636,000 units of share warrantsof Baht 0 each, - -

1,270,000 units of share warrantsof Baht 0 each, - -

ADDITIONAL PAID - IN CAPITALPremium on ordinary shares 1,007,405,000 998,450,000 1,007,405,000 998,450,000

RETAINED EARNINGSAppropriated

Statutory reserve 45,000,000 45,000,000 45,000,000 45,000,000Unappropriated 451,772,687 303,732,498 451,772,687 303,732,498

COMPANYûS SHARES HELD BYSUBSIDIARIES 5 (22,881,799) (25,681,871) - -

PREMIUM ON COMPANYûS SHARESHELD BY SUBSIDIARIES 5 4,147,798 - - -TOTAL SHAREHOLDERSû EQUITY OFTHE COMPANY 1,793,713,686 1,623,800,627 1,812,447,687 1,649,482,498

MINORITY INTEREST 41,436,861 41,410,359 - -TOTAL SHAREHOLDERSû EQUITY 1,835,150,547 1,665,210,986 1,812,447,687 1,649,482,498

TOTAL LIABILITIES ANDSHAREHOLDERSû EQUITY 5,783,214,899 4,736,864,482 3,231,754,890 2,876,266,502



2002 2002


KCE ELECTRONICS PCL

Unit : BahtFor the Years Ended December 31,

2001Restated

2001Restated

Note

REVENUES

Revenues from the sale of goods 3,619,328,967 3,501,559,726 1,793,163,528 2,150,907,365

Other revenues

Gain on exchange rate 56,357,283 14,895,177 18,734,896 23,774,901

Interest income 31,746,778 32,258,879 30,418,882 31,812,048

Others 26,279,230 26,566,211 17,737,977 17,506,980

Share of profit from investments using the

equity method of subsidiary companies - - 128,367,396 -

Share of profit from investments using the

equity method of associated companies 10.1 1,680,415 - 1,680,415 -

Total Revenues 3,735,392,673 3,575,279,993 1,990,103,094 2,224,001,294

EXPENSES

Cost of sales 2,850,261,903 2,860,105,996 1,526,419,093 1,752,307,008

Selling and administrative expenses 517,986,671 485,832,341 230,097,560 233,303,209

Other expenses

Provision for doubtful accounts -

related parties 29,942,635 29,942,634 29,942,635 29,942,634

Other 16,328,956 19,236,221 12,661,627 12,983,263

Share of loss from investments using the

equity method of subsidiary companies - - - 122,286,349

Share of loss from investments using the

equity method of associated companies 10.1 - 5,006,842 - 5,006,842

Total Expenses 3,414,520,165 3,400,124,034 1,799,120,915 2,155,829,305

STATEMENTS OF INCOME


2002 2002


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Profit before interest and income tax expenses 320,872,508 175,155,959 190,982,179 68,171,989

Less Interest expense 136,904,937 150,243,619 42,941,990 64,938,804

Less Income tax expenses 28,891,080 16,128,495 - -

Profit after tax 155,076,491 8,783,845 148,040,189 3,233,185

Less Net profit of minority interest 7,036,302 5,550,660 - -

NET PROFIT 148,040,189 3,233,185 148,040,189 3,233,185

BASIC EARNINGS PER SHARE 5 4.85 0.11 4.85 0.11

WEIGHTED AVERAGE NUMBER

OF ORDINARY SHARES

SHARES 18.5 30,555,156 30,159,041 30,555,156 30,159,041

DILUTED EARNINGS PER SHARE 5 4.79 0.11 4.79 0.11

DILUTED WEIGHTED AVERAGE

NUMBER OF ORDINARY SHARES

SHARES 18.5 30,930,697 30,757,936 30,930,697 30,757,936


2001Restated

2001Restated

Note



2002 2002


KCE ELECTRONICS PCL


CONSOLIDATED

ISSUED AND PREMIUM COMPANYûS PREMIUM ON

Note PAID UP ON ORDINARY RETAINED EARNINGS SHARES HELD COMPANYûS MINORITY TOTAL

SHARE SHARES APPROPRIATED UNAPPROPRIATED BY SUBSIDIARIES SHARES HELD INTEREST

CAPITAL BY SUBSIDIARIES

OPENING BALANCE (Restatedà) (Restatedà) (Restatedà) (Restatedà) (Restatedà)AS AT JANUARY 1, 2001 300,900,000 996,350,000 45,000,000 300,303,242 - - 38,853,564 1,681,406,806

CUMULATIVE EFFECT OF CHANGEIN ACCOUNTING POLICY 5 - - - 196,071 (1,621,606) - 10,335 (1,415,200)

BALANCE BROUGHTFORWARD ADJUSTED 300,900,000 996,350,000 45,000,000 300,499,313 (1,621,606) - 38,863,899 1,679,991,606

NET PROFIT - - - 3,233,185 - - 5,550,660 8,783,845ORDINARY SHARES 1,400,000 - - - - - - 1,400,000PREMIUM ON ORDINARY

SHARES - 2,100,000 - - - - - 2,100,000DIVIDENDS PAID - - - - - - (3,004,200) (3,004,200)SUBSIDIARIES PURCHASE OF

ORDINARY SHARES OFTHE COMPANY - - - - (24,060,265) - - (24,060,265)

ENDING BALANCEAS AT DECEMBER 31, 2001 302,300,000 998,450,000 45,000,000 303,732,498 (25,681,871) - 41,410,359 1,665,210,986

OPENING BALANCE AS ATJANUARY 1, 2002 302,300,000 998,450,000 45,000,000 302,744,804 - - 41,113,188 1,689,607,992

CUMULATIVE EFFECT OF CHANGEIN ACCOUNTING POLICY 5 - - - 7,229,079 (25,681,871) - 297,171 (18,155,621)

CUMULATIVE EFFECT OFFUNDAMENTAL ERRORSADJUSTMENT 10.2 - - - (6,241,385) - - - (6,241,385)

BALANCE BROUGHTFORWARD ADJUSTED 302,300,000 998,450,000 45,000,000 303,732,498 (25,681,871) - 41,410,359 1,665,210,986

NET PROFIT - - - 148,040,189 - - 7,036,302 155,076,491ORDINARY SHARES 5,970,000 - - - - - - 5,970,000PREMIUM ON ORDINARY

SHARES - 8,955,000 - - - - - 8,955,000SUBSIDIARIES PURCHASE OF

ORDINARY SHARES OFTHE COMPANY - - - - (17,613,511) - - (17,613,511)

SUBSIDIARIES SALE OF ORDINARYSHARES OF THE COMPANY - - - - 20,413,583 - - 20,413,583

PREMIUM ON COMPANYûS SHARESHELD BY SUBSIDIARIES - - - - - 4,147,798 - 4,147,798

DIVIDENDS PAID - - - - - - (7,009,800) (7,009,800)ENDING BALANCE AS AT

DECEMBER 31, 2002 308,270,000 1,007,405,000 45,000,000 451,772,687 (22,881,799) 4,147,798 41,436,861 1,835,150,547

STATEMENTS OF CHANGES IN SHAREHOLDERSû EQUITY


81√“¬ß“πª√–®”ªï 2545

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For the Years Ended December 31,

THE COMPANY ONLY

Note ISSUED AND PREMIUM RETAINED EARNINGS TOTAL

PAID UP ON ORDINARY APPROPRIATED UNAPPROPRIATEDSHARE CAPITAL SHARES Restated Restated

OPENING BALANCE

AS AT JANUARY 1, 2001 300,900,000 996,350,000 45,000,000 300,303,242 1,642,553,242

CUMULATIVE EFFECT OF CHANGE

IN ACCOUNTING POLICY 5 - - - 196,071 196,071

BALANCE BROUGHT FORWARD

ADJUSTED 300,900,000 996,350,000 45,000,000 300,499,313 1,642,749,313

NET PROFIT - - - 3,233,185 3,233,185

ORDINARY SHARES 1,400,000 - - - 1,400,000

PREMIUM ON ORDINARY SHARES - 2,100,000 - - 2,100,000

ENDING BALANCE AS AT

DECEMBER 31, 2001 302,300,000 998,450,000 45,000,000 303,732,498 1,649,482,498

OPENING BALANCE AS AT

JANUARY 1, 2002 302,300,000 998,450,000 45,000,000 302,744,804 1,648,494,804

CUMULATIVE EFFECT OF CHANGE

IN ACCOUNTING POLICY 5 - - - 7,229,079 7,229,079

CUMULATIVE EFFECT OF

FUNDAMENTAL ERRORS

ADJUSTMENT 10.2 - - - (6,241,385) (6,241,385)

BALANCE BROUGHT FORWARD

ADJUSTED 302,300,000 998,450,000 45,000,000 303,732,498 1,649,482,498

NET PROFIT - - - 148,040,189 148,040,189

ORDINARY SHARES 5,970,000 - - - 5,970,000

PREMIUM ON ORDINARY SHARES - 8,955,000 - - 8,955,000

ENDING BALANCE AS AT

DECEMBER 31, 2002 308,270,000 1,007,405,000 45,000,000 451,772,687 1,812,447,687


Unit : Baht


KCE ELECTRONICS PCL

STATEMENTS OF CASH FLOWS

CASH FLOWS FROM OPERATING

ACTIVITIES

Net profit 148,040,189 3,233,185 148,040,189 3,233,185

Add (less) Adjustment to reconcile net

profit to net cash flows

Share of (profit) loss from investments using

the equity method of subsidiary companies - - (128,367,396) 122,286,349

Share of (profit) loss from investments using

the equity method of associated companies (1,680,415) 5,006,842 (1,680,415) 5,006,842

Depreciation 302,581,775 270,278,388 104,521,323 105,778,137

Amortization of goodwill 6,030,107 6,030,107 - -

Provision for doubtful accounts 29,000,592 29,942,634 29,000,592 29,942,634

Bad debts (reversal) 2,890 (1,305,886) - (1,345,351)

Provision for a decline in carrying value of

inventories 757,333 3,509,317 - -

Loss on exchange rate 21,214,874 7,631,648 4,888,677 1,915,591

Gain on sale of fixed assets (6,398,983) (9,657,830) (5,999,947) (7,172,399)

Loss from writing - off fixed assets 202,784 3,853,992 145,866 2,108,378

Minority interest in net income of

subsidiary companies 7,036,302 5,550,660 - -

Amortization of discount on

forward contract (37,477) 649,092 - -

Loss from writing - off withholding tax 13,855 - 13,855 -

Gain from writing - off accounts payable (5,450,873) (3,594,563) (5,450,873) (3,533,267)

Interest income - associated companies (29,942,635) (29,942,634) (29,942,635) (29,942,634)

Loss from writing - off inventory 14,939,895 12,589,070 14,939,895 12,589,070

Profit from operations before changes

in operating assets and liabilities 486,310,213 303,774,022 130,109,131 240,866,535


2001Restated

2001Restated

NoteCONSOLIDATED THE COMPANY ONLY

2002 2002


83√“¬ß“πª√–®”ªï 2545

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CASH FLOWS FROM OPERATING

ACTIVITIES (CONTINUED)

Operating assets (increase) decrease

Trade account receivables (331,696,309) 255,593,825 (100,602,441) 207,272,161

Trade account receivables - related parties (48,750,210) 55,854,729 2,061,318 72,996,615

Inventories (82,352,840) 198,080,334 44,818,860 114,716,190

Short-term loans and advances to director and

related companies 742,267 - (305,489) (22,678)

Revenue Department receivable 285,103 15,905,354 996,680 3,939,464

Prepaid expenses (7,746,806) (1,621,488) (3,962,682) (813,229)

Other receivable 4,441,230 (15,246,745) (492,394) 708,172

Other current assets (2,904,304) 1,766,255 (1,818,394) 101,681

Doposits (4,680,790) 879,893 (681,000) (179,887)

Operating liabilities increase (decrease)

Trade account payables 236,545,976 (210,784,988) 37,635,126 (110,665,681)

Trade account payables - related parties 51,818,430 (34,484,057) 51,715,136 (67,922,664)

Short-term loans and advances from related

companies 256,531 (109,927) (52,468) (61,580,950)

Accrued income tax (515,721) (14,673,281) - -

Accrued expenses 18,965,018 (58,842,364) 5,140,250 (32,531,757)

Accrued interest expenses (1,798,988) (11,927,843) (464,813) (2,396,055)

Other payables 19,776,230 2,877,158 - -

Other current liabilities 3,151,641 (2,534,401) 466,586 (302,963)

Net cash provided by operating activities 341,846,671 484,506,476 164,563,406 364,184,954


2001Restated

2001Restated

Note



2002 2002


KCE ELECTRONICS PCL


2001Restated

2001Restated

Note

CASH FLOWS FROM INVESTING

ACTIVITIES

Fixed deposits at banks (increase) decrease 334,664 (3,046) 334,664 (3,046)

Proceeds from sales of fixed assets 9,880,836 10,964,954 28,917,325 11,372,565

Investments in subsidiary increase - - (300,000,000) -

Cash payment for purchase of fixed assets (718,011,854) (589,169,681) (124,611,283) (134,698,936)

Dividend income - - 132,990,200 56,995,800

Proceeds from sales of other investment - 47 - 47

Net cash used in investing activities (707,796,354) (578,207,726) (262,369,094) (66,333,570)

CASH FLOWS FROM FINANCING

ACTIVITIES

Bank overdrafts and loans from

financial institutions increase (decrease) 112,224,176 (825,311,174) 182,728,333 (113,405,511)

(Decrease) increase in long-term loans 281,097,161 1,020,472,904 (123,394,640) (173,161,358)

Companyûs shares held by subsidiaries increase (17,613,511) (24,060,265) - -

Proceeds from sales of companyûs shares held

by subsidiary companies 24,561,381 - - -

Cash received from issuance of share warrants 12,725,000 5,700,000 12,725,000 5,700,000

Dividend paid to minority interest

by subsidiary companies (7,009,800) (3,004,200) - -

Net cash provided by (used in)

financing activities 405,984,407 173,797,265 72,058,693 (280,866,869)

Net increase (decrease) in cash and

cash equivalents 40,034,724 80,096,015 (25,746,995) 16,984,515

Cash and cash equivalents as at January 1, 329,624,339 249,528,324 169,966,635 152,982,120

Cash and cash equivalents as at December 31, 6.2 369,659,063 329,624,339 144,219,640 169,966,635


STATEMENTS OF CASH FLOWS (Continued)



2002 2002

85√“¬ß“πª√–®”ªï 2545

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For The Years Ended December 31, 2002 and 2001

1. ECONOMIC TURMOIL IN THE ASIA-PACIFIC REGION

Thailand and many Asia-Pacific countries continue to experience economic difficulties. The accompanyingconsolidated and the Companyûs financial statements reflect managementûs current assessment of the possible impact of theeconomic conditions on the financial position of the Company and its subsidiaries.

2. OPERATIONS OF THE COMPANY AND SUBSIDIARIES

The Company (KCE Electronics Public Company Limited) is a listed company in The Stock Exchange of Thailandwith the head office and factory located at 125-125/1, 1 Moo 4 Lat Krabang Industrial Estate, Kwang Lumplatew, LatKrabang, Bangkok. The Companyûs main business is to manufacture and sell printed circuit board products. As at December31, 2002 and 2001 the Company has total staff of 763 and 788 respectively.

K.C.E. International Company Limited, a subsidiary company, is a registered company in Thailand. The registeredoffice is located at 677 Moo 4 Export Processing Zone, Bangpoo Industrial Estate, Sukhumvit Road, Tambon Phraksa,Amphur Muang, Samutprakarn Province. The main objective of the subsidiary company is to manufacture and sell printedcircuit board products. The subsidiary company has total staff of 577 and 586 as at December 31, 2002 and 2001,respectively.

Thai Laminate Manufacturer Co., Ltd., a subsidiary company, is a registered company in Thailand. The registeredoffice is located at 115/2 Moo 4 Export Processing Zone, Lat Krabang Industrial Estate, Kwang Lumplatew, Lat Krabang,Bangkok. The main objective of the subsidiary company is to manufacture and sell prepreg and laminate products to theCompany and two subsidiary companies (K.C.E. International Company Limited and KCE Technology Co., Ltd.). Thesubsidiary company has total staff of 139 and 150 as at December 31, 2002 and 2001, respectively.

KCE Technology Co., Ltd., a subsidiary company, is a registered company in Thailand. The registered office is locatedat 117 Moo 1, Hi-Tech Industrial Estate, Tambon Ban Lain, Amphur Bang Pa-In, Pranakornsriayuthaya Province. The mainobjective of the subsidiary company is to manufacture and sell printed circuit board products. The subsidiary company hastotal staff of 789 and 482 as at December 31, 2002 and 2001, respectively.

For the years ended December 31, 2002 and 2001, the Company and its subsidiaries have staff costs of Baht 501million and Baht 468 million, respectively, in the consolidated financial statements and Baht 225 million and Baht 241million, respectively, in the Companyûs financial statements.

3. BASIS FOR PREPARATION OF THE FINANCIAL STATEMENTS

3.1 The brief particulars in the consolidated and the Companyûs financial statements for the year ended December31, 2002 are shown in accordance with the Notification of the Department of Commercial Registration dated September 14,2001 regarding çThe Brief Particulars in the Financial Statements B.E. 2544 (2001)é and the consolidated and the Companyûsfinancial statements for the year ended December 31, 2001 have been reclassified to conform to the consolidated and theCompanyûs financial statements for the year ended December 31, 2002.

The Company maintains its statutory financial statements in the Thai language in conformity with accountingstandards and practices generally accepted in Thailand.

3.2 The consolidated and the Companyûs financial statements include all three subsidiaries and two associatedcompanies. Material intercompany transactions and balances have been eliminated. The holdings in subsidiaries are asfollows :

NOTES TO THE FINANCIAL STATEMENTS



KCE ELECTRONICS PCL

% of shareholding2002 2001

K.C.E. International Co., Ltd. 94.99 94.99Thai Laminate Manufacturer Co., Ltd.(direct and indirect holding) 97.63 97.63

KCE Technology Co., Ltd. 100.00 100.00

4. SIGNIFICANT ACCOUNTING POLICIES

4.1 RevenuesRevenues of the Company and subsidiary companies are recognized when goods are shipped and title is passed

to the buyer.

4.2 Allowance for doubtful debtsAllowance for doubtful debts is calculated on the expected uncollectible debts.

4.3 InventoriesInventories are valued at the lower of cost or net realizable value. Cost is determined by the first-in, first-out

method.Cost of the finished goods and work in process is calculated from raw materials, wages and manufacturing

overheads. The net realizable value of inventory is estimated from the estimated selling price in the ordinary course ofbusiness, less the estimated costs to complete the sale.

4.4 Investments in subsidiary, associated and other companiesInvestments in subsidiary and associated companies are presented by the equity method except in the case an

impairment in value of investment has occurred, the resultant loss is recognized in the statement of income.Trading securities are hold for a short period and are stated at fair value. Gain or loss on the change in fair value

is recognized as income or expense in the statement of income.Securities available for sale are stated at fair value. Gain or loss on the change in fair value is presented as an

item in shareholdersû equity.Companyûs shares held by subsidiaries are stated at cost and are presented as a deduction from shareholderûs

equity. Gain or loss from sales is presented as an item in shareholderûs equity.Investments in other companies are general investments which are stated at cost.

4.5 Property, plant and equipmentLand is stated at cost.Plant and equipment are stated at cost less accumulated depreciation.Depreciation is calculated by the straight-line method, based on the estimated useful lives of the assets which are

as follows :

Building and plant 20 - 25 yearsMachinery and equipment 10 - 20 yearsVehicles 5 yearsFurniture, fixtures and office equipment 5 - 10 yearsPlant and office improvement 5 - 25 years

87√“¬ß“πª√–®”ªï 2545

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4.6 GoodwillExcess of cost over book value of investment in subsidiary company at the time of acquisition was accounted for

as goodwill and is amortized over 10 years.

4.7 Cost of machinery and equipment-under installationInterest expenses and other expenses related to the installation were capitalized as part of cost of machinery and

equipment-under installation of a subsidiary company (KCE Technology Co., Ltd.) which management has determined to bedirectly related to installing or bringing the assets to its working condition.

4.8 Foreign currency transactionsAssets and liabilities denominated in foreign currencies are translated into Baht at rates of exchange prevailing

at the transaction dates. All balances of assets and liabilities in foreign currencies and forward exchange contracts at the endof the year are converted at the reference exchange rates established by the Bank of Thailand (BOT) at the end of the year.

All foreign exchange gains or losses are recognized in the statement of income.

4.9 Forward foreign exchange contractsThe Company and its subsidiary companies use forward exchange contracts in asset and liability management

activities to control exposure to fluctuations in foreign exchange rates.Differences of exchange rate from undue forward foreign exchange contracts are the differences between the

spot rate of the forward foreign exchange contract and the reference exchange rates of the BOT and recorded as revenue andexpense for the year.

Differences between the forward rate and the spot rate in forward foreign exchange contracts are amortized intorevenue and expenses over the contract-period.

4.10 Income taxIncome tax expenses are based on tax paid and accrued for the year.

4.11 Earnings per shareFor the years ended December 31, 2002 and 2001, basic earnings per share are calculated by dividing the net

income with the weighted average number of ordinary shares issued during the year.Diluted earnings per share are computed by adjusting the weighted average number of shares with effects of all

dilutive potential original shares according to Thai Accounting Standard No. 38 çEarnings per shareé (see Note 18).

4.12 Use of accounting estimatesThe preparation of financial statements in conformity with generally accepted accounting principles requires

management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expensesand disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

5. CHANGE IN ACCOUNTING POLICY

In the year 2002, the Company has changed its accounting policy for the Companyûs shares held by its two subsidiarycompanies (K.C.E. International Co., Ltd. and Thai Laminate Manufacturer Co., Ltd.) from recording as current investmentsin securities, shown in assets in the consolidated balance sheet to recording as Companyûs shares held by its subsidiaries,presented as a deduction from shareholdersû equity in accordance with the generally accepted accounting principles. Theconsolidated and the Companyûs financial statements for the year ended December 31, 2001, which are presented forcomparison, have been adjusted for the effects of applying the new method of accounting retroactively.


KCE ELECTRONICS PCL

The effects of the change in the consolidated and the Companyûs financial statements for the year ended December31, 2002 and 2001 were as follows :

AS AT DECEMBER 31, 2002 AS AT DECEMBER 31, 2001CONSOLIDATED THE COMPANY CONSOLIDATED THE COMPANY

ONLY ONLYBaht Baht Baht Baht

Investments in securities (decrease) (20,454,140) - (18,155,621) -Investments in subsidiarycompanies increase (decrease) - (1,697,639) - 7,229,079

Companyûs shares held bysubsidiaries increase 22,881,799 - 25,681,871 -

Premium on Companyûs sharesheld by subsidiaries increase 4,147,798 - - -

Retained earnings increase (decrease) (1,697,639) (1,697,639) 7,229,079 7,229,079Minority interest increase (decrease) (22,500) - 297,171 -

FOR THE YEAR ENDED FOR THE YEAR ENDEDDECEMBER 31, 2002 DECEMBER 31, 2001

CONSOLIDATED THE COMPANY CONSOLIDATED THE COMPANYONLY ONLY

Baht Baht Baht Baht

Net profit increase (decrease) (8,926,718) (8,926,718) 7,033,008 7,033,008Earnings per share increase (decrease) (0.29) (0.29) 0.23 0.23Diluted earnings per share increase(decrease) (0.29) (0.29) 0.23 0.23

6. SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION6.1 Cash paid for interest and income tax is as follows :

CONSOLIDATED THE COMPANY ONLY2002 2001 2002 2001Baht Baht Baht Baht

Interest 145,027,717 175,507,286 46,253,581 67,893,763Income tax 29,887,962 24,671,033 91,948 204,622

89√“¬ß“πª√–®”ªï 2545

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6.2 Cash and cash equivalents consist of the following :


Cash in hand and at banks 369,659,063 329,624,339 144,219,640 169,966,635Short-term investments - 334,664 - 334,664Less Deposits with maturity

of more than 3 months - (334,664) - (334,664)369,659,063 329,624,339 144,219,640 169,966,635

6.3 Significant non-cash items are as follows :

6.3.1 For the years ended December 31, 2002 and 2001, non-cash transactions for investing activities which arenot shown in the statements of cash flows are as follows :


Property, plant and equipment 220,087,339 52,561,582 60,393,702 876,344Other receiveable-related companies - (2,597,500) 1,846,984 (3,197,500)Add (less) Deposit transferred to

fixed assets (13,436,673) - (13,436,673) -Other payable-fixed assets (205,657,589) (61,853,296) (47,805,936) 1,721,156Other payable-fixed assets-relatedcompany (189,837) (2,428,165) (194,837) 600,000

Accrued expenses (803,240) - (803,240) -Loss on exchange rate - 13,105,567 - -Adjustments :

Fixed asset transferredto inventory - 684,585 - -

Fixed asset transferred tocurrent asset - 527,227 - -

- - - -


KCE ELECTRONICS PCL

6.3.2 For the years ended December 31, 2002 and 2001, non-cash transactions for financing activities which arenot shown in the statements of cash flows are as follows :


Ordinary shares 880,000 - 880,000 -Premium on ordinary shares 1,320,000 - 1,320,000 -Less Advance from share subscription (2,200,000) - (2,200,000) -

- - - -

7. RISK MANAGEMENT POLICIES FOR ASSETS AND LIABILITIES IN FOREIGN CURRENCIES

7.1 Assets and liabilities in foreign currencies, especially US dollar, Pound Sterling and Euro currencies of theCompany and a subsidiary (K.C.E. International Co., Ltd.) are managed by balancing volume and conditions of those assetsand liabilities by controlling their maturities to be in the similar period. For other currencies they are not material.

7.2 The Company and its subsidiary companies have a policy for using other financial instruments, such as forwardexchange contracts for hedging which depends on money market situation.

91√“¬ß“πª√–®”ªï 2545

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KCE ELECTRONICS PCL

During the years ended December 31, 2002 and 2001, the Company and all subsidiary companies have forwardexchange contracts for hedging part of assets and liabilities in foreign currencies.

9. INVENTORIES, NETInventories consist of the following :


Finished goods 130,599,754 104,928,112 53,830,701 46,345,433Work in process 127,995,480 148,610,189 62,342,595 106,525,302Raw materials 128,407,315 110,968,439 43,787,224 55,461,168Supplies 155,528,079 130,800,082 77,375,147 68,985,041Spare parts and equipment 109,408,145 93,006,925 53,025,946 60,710,313Goods in transit 30,784,795 26,996,877 1,840,476 13,933,587

682,723,568 615,310,624 292,202,089 351,960,844Less Allowance for decline in

carrying value of inventories (4,266,649) (3,509,317) - -678,456,919 611,801,307 292,202,089 351,960,844

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39,01

2,956


KCE ELECTRONICS PCL

10.1 Share of profit (loss) from investments using the equity method of associated companiesFor the year ended December 31, 2002 and 2001, share of profit (loss) from investments using the equity method

of two associated companies included in the consolidated and the Companyûs financial statements are computed from thefinancial statements for the year then ended, respectively, and can be stated as percentages of net profit (loss) as follows :

2002 2001% of % of Net Amount % of Net Amount

shareholding income (loss) Baht income (loss) BahtRestated Restated

KCE America, Inc.(direct and indirect holding) 48.75 1.50 2,217,076 (142.01) (4,591,620)

KCE Singapore Pte., Ltd.(direct and indirect holding) 47.77 (0.36) (536,661) (12.84) (415,222)

1.14 1,680,415 (154.85) (5,006,842)

For the year ended December 31, 2002 and 2001, share of profit (loss) from investments using the equity methodof an associated company (KCE Singapore Pte., Ltd.) was computed from the financial statements which had not beenaudited because the associated company is located in foreign country and is not under the control of the Companyûsmanagement so that it could have the financial statements of such associated company being audited.

For the year ended December 31, 2002, share of profit (loss) from investments using the equity method ofanother associated company (KCE America, Inc.) was computed from the financial statements which had not been auditedbecause the associated company is located in foreign country and is not under the control of the Companyûs managementso that it could have the financial statements of such associated company being audited.

10.2 The consolidated and the Companyûs financial statements for the year ended December 31, 2001 have beenretroactively adjusted for the effects of the fundamental error in recording the share of loss from investment using the equitymethod of an associated company (KCE America, Inc.) of Baht 6.24 million due to the Company having received theassociated companyûs financial statements for the year ended December 31, 2001, which have been audited in the year 2002.Formerly, the share of loss form investment using the equity method was recorded using information of the associatedcompanyûs financial statements for the year ended December 31, 2001, which have not been audited.

The effects of the fundamental error in the consolidated and the Companyûs financial statements for the yearsended December 31, 2002 and 2001 were as follows :

The consolidated and the Companyûs balance sheetAs at December 31,

2002 2001Baht Baht

Investments using the equity method increase (decrease) 6,241,385 (6,241,385)Retained earnings increase (decrease) 6,241,385 (6,241,385)

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The consolidated and the Companyûs statements of income

For the years ended December 31,2002 2001Baht Baht

Net profit increase - 6,241,385Earnings per share increase - 0.21Diluted earnings per share increase - 0.20

Share of profit (loss) from investments of another associated company (KCE Singapore Pte., Ltd.) included in thefinancial statements for the year ended December 31, 2001 was computed from the financial statements which have not beenaudited. The Company has subsequently received the financial statements of such associated company in the year 2002which have been audited. The consolidated and the Companyûs financial statements for the year ended December 31, 2001,which are presented for comparison, have not been retroactively adjusted, as its effect was immaterial.

10.3 In 1998 an associated company (Avatar Co., Ltd.) had been experiencing negative cash flows and not been ableto obtain sufficient liquidity to fund operations, resulting in the closure of its operations. In addition, a subsidiary of suchassociated company (Avatar Systems Corporation) filed for liquidation proceedings under Chapter 7 of the U.S. FederalBankruptcy Code in September 1998. Therefore, the financial statements of the Company for the year ended December 31,1998 fully recognized the total loss on decline in value of this investment on such associated company reflecting theCompany managementûs assessment of the decline in its fair value.

In 1999, the Company and a subsidiary company (K.C.E. International Co., Ltd.) filed a lawsuit for bankruptcyagainst Avatar Co., Ltd. with the Central Bankruptcy Court which has ordered the Company to be bankrupt on July 6, 2000.

As at December 31, 2002 and 2001, the Company and a subsidiary company (K.C.E. International Co., Ltd.) maderepayments of commitment on guarantee of the loans of an associated company (Avatar Co., Ltd.) and a subsidiary of suchassociated company (Avatar Systems Corporation) totaling approximately Baht 925.03 million in the consolidated financialstatements and totaling approximately Baht 785.86 million in the Companyûs financial statements.

As at December 31, 2002 and 2001, the Company and a subsidiary company presented such items as çloans torelated companiesé and have made a full provision for such amount (see Note 10.4).

10.4 As at December 31, 2002 and 2001, management of the Company and a subsidiary company (K.C.E.International Co., Ltd.) have made a full allowance for all accounts with the associated company and its subsidiary companyas mentioned in Note 10.3 as follows :


- Trade account receivables 2,998,784 2,998,784 2,998,784 2,998,784- Short term loans and advance 925,032,852 925,032,852 785,862,852 785,862,852- Accrued interest income 185,262,981 155,320,347 167,572,838 137,630,203- Accrued rental income 8,700,000 8,700,000 8,700,000 8,700,000

1,121,994,617 1,092,051,983 965,134,474 935,191,839


KCE ELECTRONICS PCL

10.5 Goodwill, netGoodwill consists of the followings :

ConsolidatedAs at December 31,

2002 2001Baht Baht

Goodwill 57,204,718 57,204,718Less Accumulated amortization of goodwill (50,902,621) (44,872,514)

6,302,097 12,332,204Amortization of goodwill for the year 6,030,107 6,030,107

10.6 On April 26, 2001, the ordinary shareholderûs meeting of a subsidiary company (K.C.E. International Co., Ltd.)has approved to declare dividends distribution to shareholders at Baht 6 per share totaling Baht 60 million.

On April 29, 2002, the ordinary shareholderûs meeting of such subsidiary company has approved to declaredividends distribution to shareholders at Baht 6 per share totaling Baht 60 million.

On November 14, 2002, the directorsû meeting of such subsidiary company has approved to declare dividendsdistribution to shareholders at Baht 8 per share totaling Baht 80 million.

11. PROPERTY, PLANT AND EQUIPMENT, NET11.1 Property, plant and equipment as at December 31, 2002 and 2001 are as follows :

The Consolidated financial statements

Balance as at Additions/ (Disposals)/ Balance as atDecember 31, Transfer in (Transfer out) December 31,

2001 2002Baht Baht Baht Baht

Cost :Land 167,521,570 - - 167,521,570Building and structures 434,966,172 - - 434,966,172Machinery and equipment 2,993,034,211 274,595,763 (80,800,285) 3,186,829,689Plant improvement 49,241,215 2,021,527 - 51,262,742Furniture, fixtures and office equipment 277,011,231 8,115,385 (1,638,483) 283,488,133Office improvement 9,277,052 7,700 - 9,284,752Vehicles 26,286,063 1,666,852 (1,913,337) 26,039,578Plant improvement in progress 4,767,081 34,700,385 - 39,467,466Office improvement in progress 1,137,907 242,400 - 1,380,307

Machinery and equipment in transit - 53,519,708 - 53,519,708Machinery and equipment-under installation 175,487,420 766,872,266 (231,822,696) 710,536,990Construction in progress - plant 11,168,290 - - 11,168,290

Total property, plant and equipment 4,149,898,212 1,141,741,986 (316,174,801) 4,975,465,397Accumulated depreciation :

Building and structures (75,569,780) (18,988,942) - (94,558,722)Machinery and equipment (940,745,314) (244,184,201) 40,684,479 (1,144,245,036)

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Plant improvement (36,732,676) (2,558,477) - (39,291,153)Furniture, fixtures and office equipment (49,359,000) (31,239,598) 1,582,416 (79,016,182)Office improvement (3,669,158) (676,323) - (4,345,481)Vehicles (10,446,252) (4,934,234) 1,363,849 (14,016,637)

Total accumulated depreciation (1,116,522,180) (302,581,775) 43,630,744 (1,375,473,211)Property, plant and equipment, net 3,033,376,032 3,599,992,186

Depreciation for the year 270,278,388 302,581,775

The Companyûs financial statements

Balance as at Additions/ (Disposals)/ Balance as atDecember 31, Transfer in (Transfer out) December 31,

2001 2002Baht Baht Baht Baht

Cost :Land 51,192,734 - - 51,192,734Building and structures 69,045,756 - - 69,045,756Machinery and equipment 1,110,551,302 118,857,825 (92,111,908) 1,137,297,219Plant improvement 33,184,420 1,141,651 - 34,326,071Furniture, fixtures and office equipment 16,264,250 1,083,783 (12,400) 17,335,633Office improvement 8,693,659 - - 8,693,659Vehicles 13,714,174 1,666,852 (1,913,337) 13,467,689Construction in progress 4,767,081 - - 4,767,081Office improvement in progress 1,137,907 - - 1,137,907Machinery and equipment-under installation 35,552,316 145,944,959 (87,706,831) 93,790,444Machinery in transit - 16,111,629 - 16,111,629

Total property, plant and equipment 1,344,103,599 284,806,699 (181,744,476) 1,447,165,822Accumulated depreciation :

Building and structures (34,659,737) (3,452,286) - (38,112,023)Machinery and equipment (532,513,932) (94,794,695) 53,283,553 (574,025,074)Plant improvement (28,872,627) (1,755,957) - (30,628,584)Furniture, fixtures and office equipment (12,816,835) (1,420,477) 7,073 (14,230,239)Office improvement (3,568,145) (434,680) - (4,002,825)Vehicles (6,049,361) (2,663,228) 1,363,848 (7,348,741)

Total accumulated depreciation (618,480,637) (104,521,323) 54,654,474 (668,347,486)Property, plant and equipment, net 725,622,962 778,818,336

Depreciation for the year 105,778,137 104,521,323

Balance as at Additions/ (Disposals)/ Balance as at

December 31, Transfer in (Transfer out) December 31,

2001 2002

Baht Baht Baht Baht


KCE ELECTRONICS PCL

11.2 The Company mortgaged part of land, machinery and equipment as collateral for loan with bank. However, asat December 31, 2002, the Company has redeemed machinery and equipment which are mortgaged as security. Under thebanksû loan agreements, there are conditions that the Company will not sell, dispose of, transfer, mortgage or provide anylien on land and structures of the Company.

Under the bank overdrafts and loans from bank agreements of two subsidiary companies (K.C.E. InternationalCo., Ltd. and Thai Laminate Manufacturer Co., Ltd.), there are conditions that the subsidiary companies will not sell, disposeof, transfer, mortgage or provide any lien on land and structures of the subsidiary companies.

As at December 31, 2002 and 2001, another subsidiary company (KCE Technology Co., Ltd.) mortgaged land andstructures and most of machinery as collateral for bank overdrafts and loans from financial institutions (see Note 12.4).

11.3 For the years ended December 31, 2002 and 2001, a subsidiary company (KCE Technology Co., Ltd.) has totalinterest expense of Baht 3.48 million and Baht 11.97 million, respectively capitalized as part of cost of machinery andequipment.

11.4 As at December 31, 2002 and 2001, the Company and two subsidiary companies (K.C.E. International Co., Ltd.and Thai Laminate Manufacturer Co., Ltd.) certain machinery and equipment with acquisition cost of Baht 375.68 millionand Baht 365.76 million, respectively in the consolidated financial statements and Baht 272.09 million and Baht 237.34million, respectively in the Companyûs financial statements were fully depreciated but still in use by the Company andsubsidiaries.

12. BANK OVERDRAFTS AND LOANS FROM FINANCIAL INSTITUTIONSBank overdrafts and loans from financial institutions consist of the following :


Bank overdrafts 1,163,157 60,534,369 - 2,930,055Loans from banks 344,811,595 529,336,178 234,797,950 235,156,720Packing credit 457,400,000 222,800,000 347,400,000 167,100,000Trust receipts 141,943,231 12,303,114 21,445,733 12,303,114

945,317,983 824,973,661 603,643,683 417,489,889

12.1 As at December 31, 2002 and 2001, bank overdrafts and loans from banks of the Company are guaranteed bya subsidiary company (K.C.E. International Co., Ltd.) and a shareholder of the Company.

12.2 As at December 31, 2002 and 2001, bank overdrafts and loans from banks of a subsidiary company (K.C.E.International Co., Ltd.) are guaranteed by the Company.

12.3 As at December 31, 2002 and 2001, certain bank overdrafts and loans from banks of another subsidiarycompany (Thai Laminate Manufacturer Co., Ltd.) are guaranteed by the Company and a subsidiary company (K.C.E.International Co., Ltd.).

12.4 As at December 31, 2002 and 2001, bank overdrafts and loans from banks of another subsidiary company(KCE Technology Co., Ltd.) are guaranteed by the mortgage of land and structures and most of machinery of suchsubsidiary company and guaranteed by the Company (see Note 11.2).

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13. LONG-TERM LOANSLong-term loans consist of the following :

RATE OF INTEREST CONSOLIDATED THE COMPANY ONLY2002 2001 2002 2001Baht Baht Baht Baht

Loans from banks :BAHT MLR-4% to MLR 1,527,983,043 1,674,466,075 390,483,043 494,466,076US$ SIBOR+1.75% 489,334,071 - - -EURO 4.95% 39,465,517 93,734,980 - 19,909,480

2,056,782,631 1,768,201,055 390,483,043 514,375,556Less Current portion (420,995,366) (265,870,145) (180,279,848) (208,996,506)

1,635,787,265 1,502,330,910 210,203,195 305,379,050

13.1 Long-term loans of the Company consist of the following :

No. Agreement Lender Loan Period Principal Repayable Debt toDated Baht Grace Equity Ratio

Period1. April 8, 1998 Bank 50,000,000 4 years - 3 Months -2. December 11, 1998 Bank 339,235,126 6 years 1 year 3 Months Not exceed 2 : 13. May 12, 2000 Bank 33,000,000 5 years - 1 Month -4. June 29, 2000 Bank 60,000,000 2 years - 3 Months -5. July 10, 2000 Financial 80,000,000 2 years 1 year 3 Months -

Institution6. July 26, 2000 Bank 20,000,000 3 years 1 year 3 Months -7. November 3, 2000 Bank 22,000,000 4 years 6 months 3 Months -8. December 22, 2000 Bank 95,000,000 5 years 1 year 3 Months Not exceed 2.5 : 19. November 2, 2001 Bank 50,000,000 3 years and 6 months 1 year 3 Months -

10. January 29, 2002 Bank 30,000,000 2 years - 3 Months -11. October 30, 2002 Bank 33,295,039 2.5 years 6 months 3 Months -12. October 21, 2002 Financial 2,158,600 2 years - 3 Months -

Institution13. December 3, 2002 Financial 7,153,070 2 years - 3 Months -



Institution

Long-term loans of the Company bear interest between MLR (Minimum Loan Rate) and MLR less 4% perannum. Such loans are guaranteed by a subsidiary company (K.C.E. International Co., Ltd.) and the Company mortgagedpart of land as collateral (See note 11.2).


KCE ELECTRONICS PCL

As at December 31, 2002, the Company paid long-term loan prior to maturity of Baht 19.96 million with a bankfor loan No. 2 as mentioned above, which has no prepayment fee for long-term loan paid prior to maturity.

13.2 Long-term loan from bank of a subsidiary company (K.C.E. International Co., Ltd.) is loan in Baht, under anagreement dated December 21, 1998, the loan amount is for Baht 30 million for a period of 4 years with the one year andfour months grace period for the principal and with the interest rate of MLR (Minimum Loan Rate) per annum. The loanis repayable in quarterly installments commencing from April 2000, and is guaranteed by the Company.

On September 26, 2001, such subsidiary company entered into loan agreements with another bank of EURO 2million with the floating interest rate by reference to interest rate of Euro money which are repayable by quarterlyinstallment up to 2003, and are guaranteed by the Company.

13.3 Long-term loan from bank of another subsidiary company (Thai Laminate Manufacturer Co., Ltd.) is Baht loanunder an agreement dated September 14, 2000 with the availment of Baht 40,000,000 for a period of 5 years with the oneyear grace period from the agreement date for the principal and with the interest rate of MLR (Minimum Loan Rate) perannum. The loan is repayable in semi-annual installment and is secured by the mortgage of part of machinery of thesubsidiary company and guaranteed by the Company.

As at April 26, 2002, the subsidiary company paid such long-term loan prior to maturity of Bath 30 millionwhich has no prepayment fee of long-term loan paid prior to maturity. As at December 31, 2002, such subsidiary companyhas redeemed machinery which are mortgaged as security.

On July 18, 2002, the subsidiary entered into a loan agreement with another bank of Baht 340 million with theinterest rate of 4.5% per annum. Such loan is guaranteed by the major shareholder company (KCE Electronics Public Co.,Ltd.). As at December 31, 2002, the subsidiary has not made the drawn down of such loan.

13.4 On February 9, 2001, another subsidiary company (KCE Technology Co., Ltd.) entered into a loan agreementwith a bank of Baht 1,070 million which is loan in Baht. Such loan is repayable within 6 years and 3 months with the twoyear grace period for the principal with the interest rate of MLR (Minimum Loan Rate) less 0.5% per annum. The loan isrepayable in quarterly installments. Such long-term loan is secured by the mortgage of land and structures and most ofmachinery of the subsidiary and guaranteed by the Company.

On November 13, 2001, the subsidiary company entered into a long term loan agreement with such bank, whichis loan in US Dollar. The credit facilities amount is USD 17.50 million. Such loan is repayable within 6 years with thetwo-year grace period for the principal from the first drawdown date with the interest rate of SIBOR plus 1.75% per annum.The loan is repayable in quarterly installments. Such long-term loan is secured by the mortgage of land and structures of thesubsidiary, secured by the mortgage of machinery of the subsidiary with bank and guaranteed by the Company. Loanagreement has a significant condition that the ratio of the subsidiaryûs registered share capital to loan drawndown ratio mustbe at 30:70.

On November 12, 2001, the subsidiary company entered into a long term loan agreement with another bank ofBaht 60 million, which is loan in Baht, for a period of 2 years with the one year and six months grace period for the principaland with the interest rate of MLR (Minimum Loan Rate) less 1.5% per annum. The loan is repayable in quarterlyinstallments commencing from May 2003, and is guaranteed by the Company.

14. STATUTORY RESERVEUnder the Public Companies Act, the Company is required to set aside as a statutory reserve at least 5% of its net

profit after accumulated deficit brought forward (if any) until the reserve is not less than 10% of the authorized capital.

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15. PROVIDENT FUNDThe Company and two subsidiary companies (K.C.E. International Co., Ltd. and Thai Laminate Manufacturer

Co., Ltd.) have a provident fund for those employees who indicated their willingness to join. The contributions fromemployees are paid from the monthly salaries, with the Company matching the individualsû contributions. The fund ismanaged by an authorized fund manager in accordance with the Provident Fund Act (B.E. 2530) 1987.

For the years ended December 31, 2002 and 2001, the Company and subsidiaries contributions included in selling andadministrative expenses amounting to Baht 10.63 million and Baht 11.93 million, respectively in the consolidated financialstatements and Baht 7.45 million and Baht 8.54 million respectively in the Companyûs financial statements.

16. TRANSACTIONS WITH RELATED PARTIESMain balances and transactions with related companies, which the relationship may by shareholding and/or same

managements are as follows :

CONSOLIDATED THE COMPANY ONLYAS AT DECEMBER 31,

2002 2001 2002 2001Baht Baht Baht Baht

Trade account receivables- K.C.E. International Co., Ltd. - - 528,409 1,967,923- Thai Laminate Manufacturer Co., Ltd. - - 871,741 589,060- KCE Technology Co., Ltd. - - 1,390,421 9,395,122- KCE America, Inc. 89,408,815 48,278,828 33,913,515 31,579,230- KCE Singapore Pte., Ltd. 17,763,003 9,568,952 8,912,038 3,572,279- Avatar Co., Ltd. 2,998,784 2,998,784 2,998,784 2,998,784

110,170,602 60,846,564 48,614,908 50,102,398Less Allowance for doubtful

accounts-Avatar Co., Ltd. (2,998,784) (2,998,784) (2,998,784) (2,998,784)107,171,818 57,847,780 45,616,124 47,103,614

Trade account payables- K.C.E. International Co., Ltd. - - 270,841 963,943- Thai Laminate Manufacturer Co., Ltd. - - 49,037,626 85,735,552- KCE Technology Co., Ltd. - - 97,995,849 32,679,201- KCE America, Inc. 8,499,388 5,366,132 6,110,002 4,512,546- KCE Singapore Pte., Ltd. 69,267,579 21,663,857 33,147,592 12,036,984

77,766,967 27,029,989 186,561,910 135,928,226Other receivables

- K.C.E. International Co., Ltd. - - 1,957,400 3,197,500- KCE Technology Co., Ltd. - - 20,000 -- KCE America, Inc. - 725,792 - -

- 725,792 1,977,400 3,197,500


KCE ELECTRONICS PCL

Short-term loans and advances to- Avatar Co., Ltd.

Loans (Interest rate at 7.5% per annum, with no collateral) 525,797,727 525,797,727 386,627,727 386,627,727Accrued interest income 63,749,320 63,749,320 46,059,176 46,059,176Accrued rental income 8,700,000 8,700,000 8,700,000 8,700,000

598,247,047 598,247,047 441,386,903 441,386,903Less Allowance for doubtful accounts (598,247,047) (598,247,047) (441,386,903) (441,386,903)

- - - -- Avatar Systems Corporation

Loans (Interest rate at 7.5% per annum,with no collateral) 399,235,126 399,235,126 399,235,126 399,235,126

Accrued interest income 121,513,662 91,571,027 121,513,662 91,571,027520,748,788 490,806,153 520,748,788 490,806,153

Less Allowance for doubtful accounts (520,748,788) (490,806,153) (520,748,788) (490,806,153)- - - -

- K.C.E. International Co., Ltd. - - 945,979 626,865- Thai Laminate Manufacturer Co., Ltd - - 23,032 43,035- KCE Technology Co., Ltd. - - 6,378 -- Director - 16,475 - -

- 16,475 975,389 669,900- 742,267 2,952,789 3,867,400

Short-term loans and advances from- KCE Technology Co., Ltd. - - - 47,345- KCE Singapore Pte., Ltd. - 5,123 - 5,123

- 5,123 - 52,468Accrued commission expenses

- KCE America, Inc. - 987,231 - -- KCE Singapore Pte., Ltd. 1,020,689 722,928 919,527 -

1,020,689 1,710,159 919,527 -Other payables

- K.C.E. International Co., Ltd. - - 5,000 600,000- KCE Singapore Pte., Ltd. 521,494 64,041 194,677 -

521,494 64,041 199,677 600,000Accrued expenses

- KCE America, Inc. 1,723,444 - - -1,723,444 - - -3,265,627 1,779,323 1,119,204 652,468

CONSOLIDATED THE COMPANY ONLYAS AT DECEMBER 31,


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CONSOLIDATED THE COMPANY ONLYFOR THE YEARS ENDED DECEMBER 31,


Sales- K.C.E. International Co., Ltd. - - 15,481,238 23,857,132- Thai Laminate Manufacturer Co., Ltd. - - 3,371,788 9,297,045- KCE Technology Co., Ltd. - - 29,146,508 30,936,613- KCE America, Inc. 324,926,711 285,385,812 143,885,130 203,405,240- KCE Singapore Pte., Ltd. 105,706,350 79,380,469 54,423,772 49,042,268

430,633,061 364,766,281 246,308,436 316,538,298Purchases

- K.C.E. International Co., Ltd. - - 5,606,738 12,698,596- Thai Laminate Manufacturer Co., Ltd. - - 174,223,468 314,936,553- KCE Technology Co., Ltd. - - 309,790,637 222,877,445- KCE America, Inc. - 7,561,208 - 7,561,208- KCE Singapore Pte., Ltd. 249,520,336 187,489,460 129,911,821 111,304,162

249,520,336 195,050,668 619,532,664 669,377,964Rental expenses

- Thai Laminate Manufacturer Co., Ltd. - - 882,000 882,000- - 882,000 882,000

Interest received(Interest rate at 7.5% per annum, with no collateral)- KCE Technology Co., Ltd. - - - 88,151- Avatar System Corporation 29,942,635 29,942,634 29,942,635 29,942,634

29,942,635 29,942,634 29,942,635 30,030,785Interest expense

- K.C.E. International Co., Ltd. - - - 712,329- - - 712,329

Commission expenses- KCE America, Inc. - 7,242,628 - -- KCE Singapore Pte., Ltd. 20,840,757 17,119,825 11,855,562 8,968,539

20,840,757 24,362,453 11,855,562 8,968,539Sales of fixed assets

- K.C.E. International Co., Ltd. - - 13,293,973 3,446,366- KCE Technology Co., Ltd. - - 4,493,000 56,051,098

- - 17,786,973 59,497,464Purchase of fixed assets

- K.C.E. International Co., Ltd. - - 1,359,000 -- KCE Technology Co., Ltd. - - 6,599,293 -


KCE ELECTRONICS PCL

- KCE Singapore Pte., Ltd. 1,080,160 - 859,500 -1,080,160 - 8,817,793 -

Other (revenue) expenses- K.C.E. International Co., Ltd. - - - 259,044- Thai Laminate Manufacturer Co., Ltd. - - 26,262 1,157,234- KCE Technology Co., Ltd. - - (920,938) (6,967,550)- KCE America, Inc. 35,374,901 15,498,679 22,096,601 15,495,670- KCE Singapore Pte., Ltd. 2,880,553 183,538 1,723,937 183,538

38,255,454 15,682,217 22,925,862 10,127,936

Purchase and sale items are at market price and negotiated price per job order for each product, except for purchaseand sale of raw materials with subsidiary companies which are at cost and there is a condition about fixed exchange rateupon settlement.

Commission items are at the market price and negotiated price per job order for each product.

17. ALLOWANCE FOR DOUBTFUL ACCOUNTS

As at December 31, 2002 and 2001, the Company and subsidiaries have activities with companies which havedifficulty in making repayments. The following summarizes such accounts receivable aging (all of items with associatedcompanies which have difficulty in making repayments referred to in Note 16 are not included) :

CONSOLIDATED THE COMPANY ONLYDecember 31, 2002 December 31, 2001 December 31, 2002 December 31, 2001Number Amounts Number Amounts Number Amounts Number Amounts

of of of ofaccounts Baht accounts Baht accounts Baht accounts Baht

Trade account receivables -associated companyMore than 12 months 1 2,998,784 1 2,998,784 1 2,998,784 1 2,998,784

Trade account receivables - othersMore than 3 months up to

6 months 10 1,652,738 6 3,265,800 6 1,231,447 3 2,977,323More than 6 months up to

9 months 1 160 5 234,214 1 160 2 140,404More than 9 months up to

12 months 2 27,334 - - 1 26,488 - -More than 12 months 1 49,958 10 1,441,847 1 49,958 8 322,235

1,730,190 4,941,861 1,308,053 3,439,962Total problem trade accountreceivables 4,728,974 7,940,645 4,306,837 6,438,746

CONSOLIDATED THE COMPANY ONLYFOR THE YEARS ENDED DECEMBER 31,


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Allowance for doubtful accountsAssociated company(see Note 16) (2,998,784) (2,998,784) (2,998,784) (2,998,784)

Other companies (620,663) (1,254,806) (620,663) (135,193)(3,619,447) (4,253,590) (3,619,447) (3,133,977)

18. SHARE CAPITAL18.1 On October 27, 1999, the extraordinary shareholdersû meeting passed resolution to issue 1,500,000 units of share

warrants which will be offered for sale to the directors and/or employees of the Company at the price of Baht 0 (zero) perone unit of share warrant, the holder of one unit of share warrant being entitled to buy 1 ordinary share at 25% of theweighted average closing price of ordinary shares which is traded in the Stock Exchange of Thailand on the date approvedby the Office of the Securities and Exchange Commission but not less than Baht 10 per share. The exercise period is everyMarch, June, September and December 15 of the year. The exercise period will be effective within five years from the dateon which warrants are issued.

18.2 On April 26, 2001, the ordinary shareholdersû meeting has a resolution to amend an allotment of 1.5 millionunits of share warrants from being offered for sale to the directors and/or employees of the Company to being offered forsale to the directors and/or employees of the Company and/or subsidiary companies.

18.3 For the year ended December 31, 2001, 140,000 share warrants were exercised at Baht 25 per a new ordinaryshare and the Company has registered to increase the issued and paid-up share capital from Baht 300,900,000 toBaht 302,300,000 by issuing 140,000 shares of Baht 10.00 par value each with the Commercial Registration Department.

For the year ended December 31, 2002, 597,000 share warrants were exercised at Baht 25 per a new ordinaryshare and the Company has registered to increase the issued and paid-up share capital from Baht 302,300,000 toBaht 308,270,000 by issuing 597,000 shares of Baht 10.00 par value each with the Commercial Registration Department.

18.4 On January 18, 2002, the extraordinary shareholdersû meeting of a subsidiary company (KCE Technology Co.,Ltd.) passed a special resolution to increase the registered capital by Baht 100 million, from Baht 600 million to Baht 700million by issuing 10 million shares of Baht 10.00 par value each. The subsidiary company duly registered the increase inshare capital with the Registrar of Partnerships and Companies on January 21, 2002. Such subsidiary company receivedsubscriptions for increased share capital of Baht 100 million.

On April 11, 2002, the ordinary shareholdersû meeting of the subsidiary company passed a special resolution toincrease the registered capital by Baht 200 million, from Baht 700 million to Baht 900 million by issuing 20 million sharesof Baht 10.00 par value each. The subsidiary company duly registered the increase in share capital with the Registrar ofPartnerships and Companies on April 24, 2002. Such subsidiary company received subscriptions for increased share capitalof Baht 200 million.

CONSOLIDATED THE COMPANY ONLYDecember 31, 2002 December 31, 2001 December 31, 2002 December 31, 2001Number Amounts Number Amounts Number Amounts Number Amounts

of of of ofaccounts Baht accounts Baht accounts Baht accounts Baht


KCE ELECTRONICS PCL

18.5 Weighted average number of ordinary sharesAs at December 31, 2002 and 2001, the weighted average number of ordinary shares is calculated as follows :

CONSOLIDATED ANDTHE COMPANY ONLY

2002 2001Shares Shares

Balance brought forward 30,230,000 30,090,000New shares issued during the year

(597,000 shares in 2002 and 140,000 shares in 2001) 325,156 69,041Weighted average number of ordinary shares 30,555,156 30,159,041Share warrants remaining

(0.67 million shares in 2002 and1.27 million shares in 2001) 375,541 598,895

Diluted weighted average number of ordinary shares 30,930,697 30,757,936

19. FINANCIAL INFORMATION BY SEGMENTThe Company and its subsidiariesû operations involve an industry segment in electronic, prepreg and laminate

products and carried on the geographical segment. Intersegment revenues consist of sales from Thai Laminate ManufacturerCo., Ltd. to the Company and two subsidiary companies (K.C.E. International Co., Ltd. and KCE Technology Co., Ltd.) whichsales price are at market price. Geographical segment information of the Company and its subsidiaries for the years endedDecember 31, 2002 and 2001 are as follows :

For the year ended December 31, 2002

Prepreg and Electronic business Totallaminate business

America Europe Asia TotalBaht Baht Baht Baht Baht Baht

Revenues- Revenues from the sale

of good 428,822,647 859,336,436 2,004,738,680 755,253,851 3,619,328,967 4,048,151,614- Other revenues 7,196,083 - - - 108,867,623 116,063,706

Less Related transactions - - - - (428,822,647) (428,822,647)Total revenues 436,018,730 859,336,436 2,004,738,680 755,253,851 3,299,373,943 3,735,392,673Profit before income tax expenses 51,757,681 132,209,890 183,967,571Less Income tax expenses (8,353,735) (20,537,345) (28,891,080)

43,403,946 111,672,545 155,076,491Less Minority interest in

consolidated net profit (7,036,302)Net profit 148,040,189Intersegment assets 279,054,251 - - - 3,320,937,936 3,599,992,187General assets 214,610,659 - - - 1,968,612,053 2,183,222,712Total assets 493,664,910 - - - 5,289,549,989 5,783,214,899

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For the year ended December 31, 2001

Prepreg and Electronic business Totallaminate business

America Europe Asia TotalBaht Baht Baht Baht Baht Baht

Revenues- Revenue from the sale

of goods 506,188,709 831,341,417 2,188,405,876 481,812,433 3,501,559,726 4,007,748,435- Other revenues 2,715,247 - - - 71,005,020 73,720,267

Less Related transactions - - - - (506,188,709) (506,188,709)Total revenues 508,903,956 831,341,417 2,188,405,876 481,812,433 3,066,376,037 3,575,279,993Profit before income taxexpenses 18,572,304 6,340,036 24,912,340

Less Income tax expenses (640,276) (15,488,219) (16,128,495)17,932,028 (9,148,183) 8,783,845

Less Minority interest inconsolidated net profit (5,550,660)

Net profit 3,233,185Intersegment assets 233,925,663 - - - 2,799,450,369 3,033,376,032General assets 275,449,884 - - - 1,428,038,566 1,703,488,450Total assets 509,375,547 - - - 4,227,488,935 4,736,864,482

20. COMMITMENTS, CONTINGENCIES AND CERTAIN UNUSED CREDIT FACILITIES20.1 As at December 31, 2002 and 2001, the Company and all subsidiary companies (K.C.E. International Co., Ltd.,

Thai Laminate Manufacturer Co., Ltd. and KCE Technology Co., Ltd.) have contingent liabilities to banks in respect ofguarantees issued on their behalf amounting to Baht 27.06 million and Baht 26.93 million, respectively.

20.2 The Company and subsidiary companies have unused letters of credit of approximately Baht 2,110.79 millionand USD 32.41 million as at December 31, 2002 and approximately Baht 2,458.71 million and USD 41.04 million as atDecember 31, 2001.

20.3 The Company has contingent liabilities for a guarantee of loans and every type of credit of a subsidiarycompany (K.C.E. International Co., Ltd.) as at December 31, 2002, amounting to Baht 720.71 million and USD 6.25 millionand as at December 31, 2001, amounting to Baht 762.08 million and USD 1.25 million.

20.4 A subsidiary company (K.C.E. International Co., Ltd.) has contingent liabilities for guarantees of the Companyûsloans and every type of credit of approximately Baht 475.31 million and USD 2 million as at December 31, 2002 andapproximately Baht 723.46 million and USD 2 million as at December 31, 2001.

20.5 The Company has contingent liabilities for a guarantee of loans and every type of credit of a subsidiarycompany (KCE Technology Co., Ltd.) as at December 31, 2002, amounting to Baht 2,490 million and USD 50 million and asat December 31, 2001, amounting to Baht 2,160 million and USD 41.50 million.

20.6 The Company and a subsidiary company (K.C.E. International Co., Ltd.) have contingent liabilities for guaranteeof loans and every type of credit of another subsidiary company (Thai Laminate Manufacturer Co., Ltd.) of approximately


KCE ELECTRONICS PCL

Baht 155 million and USD 3 million as at December 31, 2002 and approximately Baht 195 million and USD 3 million as at

December 31, 2001.

20.7 As at December 31, 2002 and 2001, the Company and a subsidiary company (Thai Laminate Manufacturer Co.,

Ltd.) have contingent liabilities of Baht 10 million and USD 5 million, for guarantees of loans of another subsidiary company

(K.C.E. International Co., Ltd.).

20.8 The Company has contingent liabilities for a guarantee of loans and every type of credit of a subsidiary

company (Thai Laminate Manufacturer Co., Ltd.) of approximately Baht 463 million and USD 19.4 million as at December

31, 2002 and approximately Baht 63 million and USD 3.9 million as at December 31, 2001.

20.9 As at December 31, 2002, a subsidiary company (Thai Laminate Manufacturer Co., Ltd.) has commitment for

construction agreement of extension of factory with a company of approximately Baht 7.95 million. Such agreement will be

completed within 2003.

21. INVESTMENT PROMOTION PRIVILEGES

21.1 The Company is granted certain rights and privileges as a promoted industry under the Investment Promotion

Act B.E. 2520 (1977) including exemption from customs duties for machinery which are approved by the Board of

Investment, and exemption from company income tax for three years from January 1, 1996 under promotion certificate

No. 1292/1996 and exemption from customs duties for machinery which are approved by the Board of Investment, and

exemption from company income tax for three years from August 8, 1998 under promotion certificate No. 1062/1998 and

exemption from company income tax for three years from June 2, 2000 under promotion Certificate No. 1065/2000.

21.2 A subsidiary company (K.C.E. International Co., Ltd.) is granted certain rights and privileges as a promoted

industry under the Investment Promotion Act B.E. 2520 (1977) including exemption from customs duties for machinery

which are approved by the Board of Investment and exemption from company income tax for three years from October 13,

1999 under promotion certificate No. 1015/1999. Shareholders of the Company will be exempted from tax on dividend

received during the period in which the company is granted exemption from company income tax.

21.3 A subsidiary company (Thai Laminate Manufacturer Co., Ltd.) is granted certain rights and privileges as a

promoted industry under the Investment Promotion Act B.E. 2520 (1977) including exemption from customs duties for

machinery which are approved by the Board of Investment and exemption from company income tax for three years from

January 16, 1997 under promotion certificate No. 1618/1995 and exemption from company income tax for three years from

November 3, 2001 under promotion certificate No. 1099/2001.

21.4 As at April 5, 2000, a subsidiary company (KCE Technology Co., Ltd.) was granted certain rights and privileges

as a promoted industry under the Investment Promotion Act B.E. 2520 (1977), including exemption from customs duties for

machineries which are approved by the Board of Investment, exemption from customs duties for imported raw materials

and significant supplies used in export production for a period of one year from the first import date and exemption from

company income tax for seven years from the date the company commences receiving operating revenues. The shareholders

of such company will be exempted from tax on dividend received during the period in which the company is granted

exemption from company income tax.

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The Company and subsidiary companies are also permitted to deduct from net income 5% of the increase in

export sales over the prior years of 10 years as from the date they commenced receiving operating revenues.

The Company and subsidiary companies thus have to comply with certain conditions in the promotion

certificates.

21.5`Revenues from Promoted Business

Revenues under the Revenue Code from promoted business consist of the following :

The consolidated financial statements :

2002Promoted Non-Promoted Total

Baht Baht BahtRevenue

Revenue from export sales 2,631,803,874 1,629,931,869 4,261,735,743Revenue from local sales 105,572,341 82,529,794 188,102,135Interest income 1,754,557 29,992,222 31,746,779Other revenues 55,110,124 38,619,045 93,729,169

Total revenues 2,794,240,896 1,781,072,930 4,575,313,826



Revenue from export sales 2,589,367,468 1,569,644,652 4,159,012,120Revenue from local sales 58,149,856 74,597,268 132,747,124Interest income 2,250,219 32,862,239 35,112,458Other revenues 26,523,945 25,476,584 52,000,529

Total revenues 2,676,291,488 1,702,580,743 4,378,872,231

The Companyûs financial statements :



Revenue from export sales 861,908,775 847,610,231 1,709,519,006Revenue from local sales 44,333,216 40,254,584 84,587,800Interest income 474,085 29,944,796 30,418,881Other revenues 14,199,460 22,268,085 36,467,545

Total revenues 920,915,536 940,077,696 1,860,993,232


KCE ELECTRONICS PCL

2001

Promoted Non-Promoted Total

Baht Baht Baht

Revenue

Revenue from export sales 1,523,271,959 521,306,943 2,044,578,902

Revenue from local sales 15,865,898 49,884,440 65,750,338

Interest income 1,778,028 30,034,020 31,812,048

Other revenues 24,797,337 9,312,146 34,109,483

Total revenues 1,565,713,222 610,537,549 2,176,250,771

22. DISCLOSURE OF FINANCIAL INSTRUMENTS

22.1 Accounting policies

Details of significant accounting policies are disclosed in Note 4.

22.2 Credit risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in a financial

loss to the Company and its subsidiaries. The credit risk with respect to trade receivable is low, due to the fact that the

customers of the Company and its subsidiaries have low history of repayment problems.

The Company and subsidiary companies have low concentration of credit risk due to the customers of the

Company and its subsidiaries are diverse.

In the case of recognized financial assets, the carrying amount of the assets recorded in the balance sheet, net of

a portion of allowance for doubtful accounts, represents the Company and its subsidiaries maximum exposure to credit risk.

22.3 Interest rate risk

Interest rate risk arises from the potential for a change in interest rates to have an adverse effect on the net

interest earnings of the Company and its subsidiaries in the current reporting period and in future period. The Company

and subsidiary companies anticipate that the interest rate which may increase in the future may have a material effect on

their interest expenses.

22.4 Foreign exchange risk

Foreign exchange risk arises from the change in foreign currency exchange rate to have an adverse effect on the

Company and its subsidiaries in the current reporting period and in future years. The Company and subsidiary companies

anticipate that the exchange rate which may change in the future and will affect the purchase and sale transactions in foreign

currency may have a material effect on their results of operations. However, the Company and its subsidiaries have forward

contracts for hedging part of their liabilities in foreign currencies (see Note 8).

22.5 Fair value of financial instruments

Accounting Standard No. 48, çFinancial Instruments Disclosure and Presentationé requires certain fair value

disclosures. Considerable judgement is necessarily required in estimation of fair value. Accordingly, the estimates presented

herein are not necessarily indicative of the amount that could be realized in a current market exchange.

111√“¬ß“πª√–®”ªï 2545

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As at December 31, 2002 and 2001, the value of financial assets and financial liabilities presented in the financial

statements, which were different from the estimated fair value were as follows :

Baht : Million

CONSOLIDATED

DECEMBER 31, 2002 DECEMBER 31, 2001

Carrying Value Fair Value Carrying Value Fair Value

Receivables from forward contracts, net 11.83 11.84 51.12 51.33

In the Companyûs financial statements as at December 31, 2002 and 2001, the Company has no remaining forward

contracts.

The following methods and assumptions were used by the Company and its subsidiaries in estimating fair values

of financial instruments as disclosed herein :

Cash in hand and at banks, short-term investments, accounts receivable and accounts payable; the carrying values

approximate their fair values.

Investment; fair value for listed securities is based on quoted market prices. The current net assets value of non-listed

securities based on the latest available financial statements of those companies approximate fair values.

Bank overdrafts and loans from financial institutions with floating rate of interest; the carrying values approximate

their fair values.

23. SUBSEQUENT EVENT

As at January 16, 2003, the Company entered into a contract to buy to sell for land purchase with a bank of Baht

60 million.

Annual Report 2002

KCE ELECTRONICS PCL112

CHECK LIST OF 56-2

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√“¬°“√/Items Àπâ“/Page

1. ¢âÕ¡Ÿ≈∑—Ë«‰ª 31-32General Information

2. ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π‚¥¬ √ÿª 2-3Financial Highlights of the Company

3. ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘® 10-12Business Overview

4. ªí®®—¬§«“¡‡ ’Ë¬ß 28-30Risk Factors

5. ‚§√ß √â“ß°“√∂◊ÕÀÿâπ·≈–°“√®—¥°“√ 13-15Shareholders and Management Structure

5.1 ºŸâ∂◊ÕÀÿâπ 13(Shareholders)

5.2 °“√®—¥°“√ 13-15(Management)

5.3 °“√°”°—∫¥Ÿ·≈°‘®°“√ 16-21(Corporate Good Governance)

6. √“¬°“√√–À«à“ß°—π 26-27Connected Transactions

7. §”Õ∏‘∫“¬·≈–°“√«‘‡§√“–Àå∞“π–°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“π 24-25Management Discussion and Analysis

8. ß∫°“√‡ß‘π 33-111Financial Statements

Design &

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125-125/1, 1 À¡Ÿà 4 π‘§¡Õÿµ “À°√√¡≈“¥°√–∫—ß ·¢«ß≈”ª≈“∑‘« ‡¢µ≈“¥°√–∫—ß °√ÿß‡∑æœ 10520125-125/1, 1 Moo 4 Lat Krabang Industrial Estate, Kwang Lumplatew, Lat Krabang, Bangkok 10520, ThailandTel. (662) 326-0196 Fax. (662) 326-0300

∫√‘…—∑ ‡§´’Õ’ Õ’‡≈§‚∑√π‘§ å ®”°—¥ (¡À“™π)KCE ELECTRONICS PUBLIC COMPANY LIMITED

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