Jmart 07

1 J A Y M A R T P U B L I C C O M P A N Y L I M I T E D

A n n u a l R e p o r t 2 0 0 7

Vision :

Mission :

§ÿ≥¿“æ‡Àπ◊Õ‡∑§‚π‚≈¬’‰√â “¬Õ—®©√‘¬–

Quality Beyond Intelligent Wireless Technology

ë ºŸâπ”„π∏ÿ√°‘®§â“ª≈’° Õÿª°√≥å ◊ËÕ “√‰√â “¬

ë „Àâ∫√‘°“√‡æ◊ËÕ§«“¡æ÷ßæÕ„® Ÿß ÿ¥„Àâ·°à≈Ÿ°§â“

ë ¥”√ß°“√‡ªìπ∫√√…—∑¿‘∫“≈ ·≈–√—∫º‘¥™Õ∫μàÕºŸâ∂◊ÕÀÿâπ§Ÿà§â“

æπ—°ß“π·≈– —ß§¡

ë Leader in Wireless Telecommunication Retailing

ë Provide the most satisfactory service to the customer

ë Being good corporate governance with great

responsibility towards our shareholders, business

partners, employee and society

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A n n u a l R e p o r t 2 0 0 7

Message from Director and Chief Executive Officer

Year 2007 was another year of success for JAY MART Public Co., Ltd. The company has growth continuously both sales volume and net profit by having total revenue of baht 5,898 million according to the financial statement (increase from previous year which is at baht 5,192 million). The total revenue of the company was baht 67 million (increase from previous year which is at 39 million baht) it was the result from our ability to meet and satisfy our customer needs continuously and direct to their mind. With our fully determination to develop our service quality including present our service which was direct to our consumer consistently, in the year 2007 JAY MART has presented variety of services by adding from our strength point that we have had, such as Mr. Mobile services which is respond to our customer need in replace the mobile which was continuously growth in each year. Apart from this, JAY MART has increased service for utility payment, water, electricity and service charge at our branches in order to facilitate to our customer. JAY MART also has Member card called çMobile Plus Clubé which the member can have benefit both better guarantee period and high trade price. Another importace of JAY MART strength was to aim to develop the ability of every single staff to be realized to the heart of service mind, product knowledge and services and be able to update new technology at all time product. For space management and space allocation (IT Junction), in the year 2007 JAY MART started to develop a first complete center which is J-Venue Shopping Center at Navanakorn Industrial Zone. J-Venue was a fully Shopping Center by develop it in pattern of Community Mall Concept, which was well accepted. In the part of Debt Collection and NPL management of JMT Network Services Co., Ltd., our company had operation result at past year end 31 December 2007, gain from total revenue in financial statement at baht 164 million and net profit baht 17 million as our company buy NPL to manage can be able to increase our channel for business group to have a chance to do the business that can build strength within 3-5 year in the future. JAY MART would like to take this opportunity to thank our shareholders, customers, business partners who have trust, confident and contributed to our companyûs continuous growth. JAY MART has confident that with our determination to step forward and offer new product and services continuously including develop our organization efficiency and have transparent management according to good corporate governance, these will make JAY MART success in maintain our leadership and be successful in the future. (Mr. Adisak Sukhumvitaya) Director and Chief Executive Officer JAY MART Public Co., Ltd.

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¢âÕ¡Ÿ≈∑—Ë«‰ª¢Õß∫√‘…—∑ ∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) (JAY MART Public Company Limited) ™◊ËÕ¬àÕ„πμ≈“¥À≈—°∑√—æ¬åœ : JMART ∂“π∑’Ëμ—Èß ”π—°ß“π„À≠à : ‡≈¢∑’Ë 9/121-3, 126-7 Õ“§“√¬Ÿ‡ÕÁ¡∑“«‡«Õ√å ™—Èπ 12 ∂ππ√“¡§”·Àß ·¢«ß «πÀ≈«ß ‡¢μ «πÀ≈«ß °√ÿß‡∑æ¡À“π§√ ‚∑√»—æ∑å 0-2308-8000 ‚∑√ “√ 0-2308-8117 ‡≈¢∑–‡∫’¬π∫√‘…—∑ : 0107545000055 (‡¥‘¡‡≈¢∑’Ë 40854500678) ‡«Á∫‰´μå : www.jaymart.co.th ª√–‡¿∑∏ÿ√°‘® : ®—¥®”Àπà“¬‚∑√»—æ∑å¡◊Õ∂◊Õ Õÿª°√≥å‡ √‘¡ ·≈–„Àâ‡™à“æ◊Èπ∑’Ë ·≈–°“√„Àâ∫√‘°“√ “∏“√≥Ÿª‚¿§μà“ßÊ ∑ÿπ®¥∑–‡∫’¬π : 300,000,000 Àÿâπ ∑ÿπ™”√–·≈â« : 225,000,000 Àÿâπ ¡Ÿ≈§à“∑’Ëμ√“‰«âμàÕÀÿâπ : 1 ∫“∑ ∑ÿπ™”√–·≈â« : 225,000,000 ∫“∑ ¢âÕ¡Ÿ≈∑—Ë«‰ª¢Õß∫√‘…—∑„π‡§√◊Õ ∫√‘…—∑ ‡® ‡ÕÁ¡ ∑’ ‡πÁ∑‡«Õ√å§ ‡´Õ√å«‘ ‡´Á ®”°—¥ (JMT Network Services Co.,Ltd.) ∂“π∑’Ëμ—Èß ”π—°ß“π„À≠à : ‡≈¢∑’Ë 9/143,144,145 Õ“§“√¬Ÿ‡ÕÁ¡∑“«‡«Õ√å ™—Èπ 14 ∂ππ√“¡§”·Àß ·¢«ß «πÀ≈«ß ‡¢μ «πÀ≈«ß °√ÿß‡∑æ¡À“π§√ ‚∑√»—æ∑å 0-2308-9999, 0-2308-9907 ‚∑√ “√ 0-2308-9900, 0-2308-9941 ‡≈¢∑–‡∫’¬π∫√‘…—∑ : 0105537028181 (‡¥‘¡‡≈¢∑’Ë ( 2 ) 1014/2537) ‡«Á∫‰´μå : www.jmtnetwork.co.th ª√–‡¿∑∏ÿ√°‘® : ∏ÿ√°‘®‡√àß√—¥μ‘¥μ“¡Àπ’È ‘π ·≈–∫√‘À“√Àπ’È¥âÕ¬§ÿ≥¿“æ ∑ÿπ®¥∑–‡∫’¬π : 400,000 Àÿâπ ∑ÿπ™”√–·≈â« : 400,000 Àÿâπ ¡Ÿ≈§à“∑’Ëμ√“‰«âμàÕÀÿâπ : 100 ∫“∑ ∑ÿπ™”√–·≈â« : 40,000,000 ∫“∑ —¥ à«π°“√∂◊ÕÀÿâπ¢Õß JMART : 99.99% ºŸâ Õ∫∫—≠™’ : π“¬ ¡§‘¥ ‡μ’¬μ√–°Ÿ≈ ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ‡≈¢∑’Ë 2785 π“ß ÿ¡“≈’ ‚™§¥’Õπ—πμå ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ‡≈¢∑’Ë 3322 ∫√‘…—∑ ·°√π∑å ∏Õπμ—π ®”°—¥ ‡≈¢∑’Ë 87/1 Õ“§“√·§ªªîμÕ≈ ∑“«‡«Õ√å ÕÕ≈´’´—π ‡æ≈ ™—Èπ 18 ∂ππ«‘∑¬ÿ ·¢«π≈ÿ¡æ‘π’ ‡¢μª∑ÿ¡«—π °√ÿß‡∑æ¡À“π§√ 10330 ‚∑√»—æ∑å : 0-2654-3330 ‚∑√ “√ : 0-2654-3339 ∑’Ëª√÷°…“°ØÀ¡“¬ : ∫√‘…—∑ ‡∑æ ®”°—¥ ‡≈¢∑’Ë 1193 Õ“§“√‡ÕÁ°´‘¡ ™—Èπ 11 ÀâÕß 1107-1108 ∂ππæÀ≈‚¬∏‘π ·¢«ß “¡‡ π„π ‡¢μæ≠“‰∑ °√ÿß‡∑æ 10400


A n n u a l R e p o r t 2 0 0 7

General Information of the Company, Subsidiary and Associated Company

General Information of the Company Name : JAY MART (Public) Co., Ltd. Symbol : JMART Head Office : 9/121-3, 126-7 UM Tower, 12th Floor, Ramkhamheang Rd., Suanluang, Suanluang, Bangkok 10250 Tel. 0-2308-8000 Fax. 0-2308-8117 Registration Number : 0107545000055 (Former Registration Number 40854500678) Website : www.jaymart.co.th Type of Business : Distributing Mobile Phone, Accessory, Providing Space Rental and Utilities Service Registered Capital : 300,000,000 Shares Paid-up Capital : 225,000,000 Shares Par Value : 1 Baht Paid-up Capital : 225,000,000 Baht General Information of the Subsidiary and Associated Company Name : JMT Network Services Co., Ltd. Head Office : 9/143,144,145 UM Tower, 14th Floor, Ramkhamheang Rd., Suanluang, Suanluang, Bangkok 10250 Tel. 0-2308-9999, 0-2308-9907 Fax. 0-2308-9900, 0-2308-9941 Registration Number : 0105537028181 (Former Registration Number (2) 1014/2537) Website : www.jmtnetwork.co.th Type of Business : Debt Collection Business and Non Performing Loan Management Registered Capital : 400,000 Shares Paid- up Capital : 400,000 Shares Par Value : 100 Baht Paid- up Capital : 40,000,000 Baht Share Holdings Percentagef of JMART : 99.99% Auditors : Mr. Somckid Tiatragul, Certified Public Accountant Number 2785 Mrs. Sumalee Chokdeeanan, Certified Public Accountant Number 3322 Grant Thornton Ltd. 87/1 Capital Tower, All Seasons Place, 18th Floor, Wireless Road, Lumpini, Pathumwan Bangkok 10330 Tel: 0-2654-3330 Fax: 0-2654-3339 Legal Consultant : Thep Co., Ltd. 1193 EXIM Building, 11th Floor, Room 1107-1108, Phaholyothin Rd., Samsean-nai, Phayathai, Bangkok 10400

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∫√‘…—∑ ‡® ¡“√å∑ ®Ì“°—¥ (¡À“™π) °àÕμ—Èß¢÷Èπ‡¡◊ËÕ«—π∑’Ë 27 ∏—π«“§¡ æ.». 2531 ‚¥¬π“¬Õ¥‘»—°¥‘Ï ÿ¢ÿ¡«‘∑¬“ ·≈–π“ß “«¬ÿ«¥’ æß…åÕ—™¨“ ¥â«¬∑ÿπ®¥∑–‡∫’¬π‡√‘Ë¡·√°®”π«π 2,000,000 ∫“∑ ‡æ◊ËÕ‡ªìπºŸâ·∑π®”Àπà“¬‡§√◊ËÕß„™â‰øøÑ“ ∑ÿ°¬’ËÀâÕ„π√–∫∫‡ß‘πºàÕπ °àÕπ‡√‘Ë¡¢¬“¬™àÕß∑“ß°“√®”Àπà“¬‡¢â“‰ª„πμ≈“¥¢“¬ àß ‚¥¬¡’ ‘π§â“À≈—° §◊Õ ‚∑√∑—»πå ‡§√◊ËÕß‡≈àπ«’¥’‚Õ ·≈–‡§√◊ËÕßª√—∫Õ“°“» μàÕ¡“„πªï 2535 ∫√‘…—∑‰¥â‡√‘Ë¡¥”‡π‘π∏ÿ√°‘®°“√®”Àπà“¬‡§√◊ËÕß‚∑√»—æ∑å‡§≈◊ËÕπ∑’Ë·≈– ‘π§â“‡°’Ë¬«‡π◊ËÕßºà“π√–∫∫‡ß‘π ¥ √–∫∫ºàÕπ™”√– ·≈–√–∫∫¢“¬ àß ‚¥¬°“√‡ªìπæ—π∏¡‘μ√°—∫∑ÿ°‡§√◊Õ¢à“¬ ·≈–∑ÿ°·∫√π¥å ®π‰¥â√—∫√“ß«—≈¥’‡¥àπμà“ßÊ ®“°§Ÿà§â“„π·μà≈–ªï ¡’°“√ √â“ß·∫√π¥å„Àâ‡ªìπ∑’Ë√Ÿâ®—°ºà“π°≈¬ÿ∑∏å°“√μ≈“¥∑’Ë·ª≈°„À¡àμàÕ‡π◊ËÕßμ≈Õ¥ Õ“∑‘‡™àπ °“√®—¥ß“π Exhibition μ“¡»Ÿπ¬å°“√§â“¿“¬„μâ™◊ËÕß“π Jay Mart Mobile Festival ·≈–ß“π Bangkok Mobile Show, ·≈–°“√„Àâ∫√‘°“√ Jay Mart Home Delivery 1117, °“√¢“¬ ‘π§â“ online ·≈–Õ◊ËπÊ ¡’°“√¢¬“¬ “¢“∑—Ë«ª√–‡∑» ·≈–¡’°“√≈ß∑ÿπ„π¥â“π‡∑§‚π‚≈¬’ “√ π‡∑» ‡æ◊ËÕ™à«¬Õß§å°√·≈–æ—≤π“∫ÿ§≈“°√„Àâ¡’§ÿ≥¿“æ·≈–ª√– ‘∑∏‘¿“æ ®π‰¥â√—∫„∫√—∫√Õß¡“μ√∞“πß“π§ÿ≥¿“æ ISO 9001: 2000 ®“° ∂“∫—π√—∫√Õß¡“μ√∞“π SGS ·≈– ‡°’¬√μ‘∫—μ√ Superbrands „π “¢“∫√‘…—∑§â“ª≈’°¡◊Õ∂◊Õ√“¬·√°·≈–√“¬‡¥’¬«„πª√–‡∑»‰∑¬ ªí®®ÿ∫—π °≈ÿà¡∏ÿ√°‘®À≈—° ª√–°Õ∫‰ª¥â«¬ 3 Àπà«¬ ¥—ßπ’È 1. °≈ÿà¡∏ÿ√°‘®¢“¬‚∑√»—æ∑å‡§≈◊ËÕπ∑’Ë Õÿª°√≥å∑’Ë‡°’Ë¬«¢âÕß·≈– ‘π§â“∑“ß¥â“π‡∑§‚π‚≈¬’ “√ π‡∑» - ‡ªìπμ—«·∑π ‘π§â“∑ÿ°·∫√π¥å·≈–∑ÿ°‡§√◊Õ¢à“¬ - ¢“¬ª≈’°ºà“π “¢“‚¥¬„™â™◊ËÕ√â“π∑“ß°“√§â“«à“ ç‡® ¡“√å∑ (JAY MART)é ∑—Ë«ª√–‡∑» ∑—Èß√–∫∫‡ß‘π ¥·≈–‡ß‘πºàÕπ ¥â«¬æπ—°ß“π ∑’Ë¡’§ÿ≥¿“æ°«à“ 500 §π - ¢“¬ àß°—∫§Ÿà§â“„πμ≈“¥∑—Ë«‰ª - ¡’°“√„Àâ∫√‘°“√¥â“πμà“ßÊ ∑’Ë‡°’Ë¬«‡π◊ËÕß ‡™àπ Home Delivery ®ÿ¥∫√‘°“√√—∫™”√–‡ß‘π (Pay point) ·≈–®ÿ¥∫√‘°“√√—∫ àß‡§√◊ËÕß´àÕ¡ ”À√—∫‚∑√»—æ∑å‡§≈◊ËÕπ∑’Ë (Drop Point) ‡ªìπμâπ 2. °≈ÿà¡∏ÿ√°‘®„Àâ∫√‘À“√æ◊Èπ∑’Ë‡™à“ ”À√—∫∏ÿ√°‘®§â“ª≈’°‚∑√»—æ∑å‡§≈◊ËÕπ∑’Ë ¿“¬„μâ™◊ËÕ çIT Junctioné - ®—¥À“æ◊Èπ∑’Ë¢π“¥°≈“ß®“°»Ÿπ¬å°“√§â“∑’Ë¡’™◊ËÕ‡ ’¬ß ‡™àπ ‚Œ¡‚ª√ ·≈–∫‘Í°´’ ‡ªìπμâπ - æ—≤π“‡æ◊ËÕ„Àâ∫√‘°“√‡™à“·°à√â“π§â“¬àÕ¬∑’ËμâÕß°“√§â“ª≈’°‚∑√»—æ∑å‡§≈◊ËÕπ∑’Ë - ¢¬“¬∏ÿ√°‘®‰ª∑” —≠≠“√–¬–¬“«„π°“√æ—≤π“·≈–∫√‘À“√æ◊Èπ∑’Ë§â“ª≈’°∑—ÈßÀ¡¥¢ÕßÀâ“ß √√æ ‘π§â“„π∫√‘‡«≥æ◊Èπ∑’Ë„°≈â‡§’¬ß°—∫ π‘§¡Õÿμ “À°√√¡π«π§√ ®—ßÀ«—¥ª∑ÿ¡∏“π’ ´÷Ëß¡’æ◊Èπ∑’Ë∫√‘À“√°«à“ 7,400 μ“√“ß‡¡μ√ ¿“¬„μâ·∫√π¥åÀâ“ß √√æ ‘π§â“¢Õß∫√‘…—∑‡Õß §◊Õ ‡®-‡«π‘« (J-Venue) 3. °≈ÿà¡∏ÿ√°‘®„Àâ∫√‘°“√‡√àß√—¥μ‘¥μ“¡Àπ’È ‘π øÑÕß ◊∫∑√—æ¬å ∫—ß§—∫§¥’ ‚¥¬ºà“π∫√‘…—∑„π‡§√◊Õ §◊Õ ∫√‘…—∑ ‡® ‡ÕÁ¡ ∑’ ‡πÁ∑‡«Õ√å§ ‡´Õ√å«‘ ‡ Á́ ®”°—¥ (ç‡®‡ÕÁ¡∑’é) ÷́Ëß‡ªìπ∫√‘…—∑∑’Ë¥”‡π‘π∏ÿ√°‘® ∑—Ë«ª√–‡∑»‰∑¬ ·≈–¥”‡π‘π°“√´◊ÈÕÀπ’È∑’Ë¥âÕ¬§ÿ≥¿“æ®“° ∂“∫—π°“√‡ß‘π·≈–∫√‘…—∑ºŸâ„Àâ∫√‘°“√Õ◊ËπÊ ‡æ◊ËÕπ”¡“¥”‡π‘π°“√μ‘¥μ“¡Àπ’È·≈–À“º≈ª√–‚¬™πå


A n n u a l R e p o r t 2 0 0 7

Nature of Business

JAY MART (Public) Co., Ltd. was established on December 27, 1988 by Mr. Adisak Sukhumvitaya and Miss Yuvadee Pong-acha with 2,000,0000 baht as the initial registered capital and starting the business from being a distributor of a wide variety of installable electronical appliances, then expanded to distribution channels in for the wholesale market by having television, VDO player and air-conditioner as a main merchandise product. In the year 1992, The company has started to sell mobile phone and accessory through cash system, installment system and wholesale system by become as an alliance with every system and every brand. The company has received many achievement awards from business partners in every year. We have built a brand image through a new marketing strategy continuously such as having an Exhibition in Shopping Center under the name çJay Mart Mobile Festivalé and çBangkok Mobile Show, giving services under the name ç Jay Mart Home Delivery 1117é, selling product online and many more. We expand our branches over the country, invest in the field of Information Technology System for supporting organization development and develop the quality and efficiency of our man power. The company was the first mobile phone retailer in Thailand to be awarded and certified of Quality management Systems : ISO 9001 : 2000 from the renowned SGS certifying body and two consecutive year of superbrands award. Current of the company core business are as follows: 1. Group of Business: selling mobile phone and accessories and information technology product. - Being an agent for every brands and every system - Sell by retail through branches, under the shop named çJAY MARTé all over the country both in cash and installment with more than 500 quality staff. - Sell by wholesale with our business partner in general market - Provide services which related such as Home Delivery, Pay Point and Drop Point etc. 2. Group of Business: Rental Space Management for Mobile Phone Retail Business under the name of çIT Junctioné - Provide medium size space from well known shopping center such as Home Pro and Big C etc. - Develop space in order to give a rent to small retail mobile phone shop. - Expand business to make a long term contact in order to develop and manage all retail space of the Shopping Center which is near Navanakorn Industrial Zone, Patumtanee which have a space to manage for more than 7,400 square meters under our Shopping Center Brand which is J-Venue 3. Group of Business: Debt Collection, Charge for property detect and Legal Execution Through our subsidiary company called JMT Network Services Co., Ltd. (JMT), which is the company that offers service in debt collection all over Thailand and buy the NPL from financial institute and other services company in order to collect the debt and gains some benefit.

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√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

√“¬ß“π®“°§≥–°√√¡°“√μ√«® Õ∫

§≥–°√√¡°“√μ√«® Õ∫ ∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥(¡À“™π) ª√–°Õ∫¥â«¬°√√¡°“√Õ‘ √– 4 ∑à“π 1. π“¬æ‘»‘…∞å ¥—™≥“¿‘√¡¬å ª√–∏“π§≥–°√√¡°“√μ√«® Õ∫ 2. π“¬æ‘™‘μ π‘Ë¡°ÿ≈ °√√¡°“√μ√«® Õ∫ 3. π“¬‡¥™ ∫ÿ≈ ÿ¢ °√√¡°“√μ√«® Õ∫ 4. π“¬ ÿ«‘∑¬å °‘Ëß·°â« °√√¡°“√μ√«® Õ∫ ªï 2550 §≥–°√√¡°“√μ√«® Õ∫‰¥â®—¥„Àâ¡’°“√ª√–™ÿ¡∑—ÈßÀ¡¥ 6 §√—Èß ‚¥¬‰¥âªØ‘∫—μ‘Àπâ“∑’Ëμ“¡·π«∑“ß°Æ‡°≥±å ¢âÕ°”Àπ¥ ·≈–°ÆÀ¡“¬ √«¡∑—Èßæ‘®“√≥“§—¥‡≈◊Õ°‡ πÕ·μàßμ—ÈßºŸâ Õ∫∫—≠™’·≈–‡ πÕ§à“ Õ∫∫—≠™’¢Õß∫√‘…—∑œ §≥–°√√¡°“√μ√«® Õ∫¬—ß‰¥â«à“®â“ß ”π—°ß“π ‡Õ‘π å∑ ·Õπ¥å ¬—ß ®”°—¥ ‡ªìπºŸâμ√«® Õ∫¿“¬„π °“√μ√«® Õ∫¥—ß°≈à“«‰¥â§√Õ∫§≈ÿ¡√–∫∫°“√∑”ß“π∑’Ë ”§—≠¢Õß∫√‘…—∑ ‰¥â·°à °√–∫«π°“√¢“¬ ‘π§â“Àπâ“√â“π ·≈–°“√®—¥‡°Á∫√“¬‰¥â®“°°“√‡™à“æ◊Èπ∑’Ë °“√ª√–¡Ÿ≈´◊ÈÕÀπ’È ·≈–°“√‡√àß√—¥Àπ’È ‘π ´÷Ëßº≈°“√μ√«® Õ∫¿“¬„π “¡“√∂ª√–‡¡‘π‰¥âÕ¬à“ß¡—Ëπ„®«à“√–∫∫°“√ªØ‘∫—μ‘ß“π¢Õß∫√‘…—∑ ·≈–∫√‘…—∑„π‡§√◊Õ ¡’°“√§«∫§ÿ¡¿“¬„π∑’Ë¡’ª√– ‘∑∏‘¿“æ ¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π∑’Ë¥’ ‡æ’¬ßæÕ·≈–‡À¡“– ¡°—∫ ¿“æ∏ÿ√°‘®∑’Ë¡’°“√·¢àß¢—π Ÿß ·≈–‡ÀÁπ«à“ §≥–°√√¡°“√μ≈Õ¥®πºŸâ∫√‘À“√¢Õß∫√‘…—∑¡’®√‘¬∏√√¡·≈–§«“¡¡ÿàß¡—Ëπ„π°“√ªØ‘∫—μ‘Àπâ“∑’Ë‡æ◊ËÕ„Àâ∫√√≈ÿ‡ªÑ“À¡“¬¢Õß∫√‘…—∑ Õ¬à“ß¡’§ÿ≥¿“æ Õ¬à“ß‰√°Áμ“¡§≥–°√√¡°“√μ√«® Õ∫¬—ß§ß¡’§«“¡¡ÿàß¡—Ëπ∑’Ë®–ª√—∫ª√ÿß„Àâ∫√‘…—∑œ ¡’√–∫∫§«∫§ÿ¡¿“¬„π∑’Ë¥’¬‘ËßÊ ¢÷Èπ‰ª ·¡â«à“ªï∑’Ëºà“π¡“ ∫√‘…—∑œ ®–¡’ªí®®—¬À≈“¬ª√–°“√∑’Ë¡’º≈°√–∑∫μàÕ°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑ ·μà°Á‡™◊ËÕ¡—Ëπ«à“∫√‘…—∑®– “¡“√∂∫√‘À“√®—¥°“√μàÕªí®®—¬μà“ßÊ ¥—ß°≈à“« ‡æ◊ËÕ„Àâ‡°‘¥º≈ª√–°Õ∫°“√∏ÿ√°‘®∑’Ë‡μ‘∫‚μ¥’¢÷Èπ‰¥â„πÕπ“§μ (π“¬æ‘»‘…∞å ¥—™≥“¿‘√¡¬å) ª√–∏“π§≥–°√√¡°“√μ√«® Õ∫


A n n u a l R e p o r t 2 0 0 7

The Report of the Audit Committee

The Audit Committee of JAY MART (Public) Co., Ltd. comprises of four Independent directors as follows: 1. Mr. Phisit Dachanabhirom Chairman of Audit Committee 2. Mr. Pichit Nimkul Audit Committee 3. Mr. Dej Bulsuk Audit Committee 4. Mr. Suwit Kingkaew Audit Committee Year 2007 the Audit Committee held a total of six meetings to perform duties according to regulations, rule and law, including to select and proposed to appoint Companyûs Auditor and proposed companyûs audit expenses. The audit committee hired Ernst and Young Office Limited as an Internal Auditor. The mentioned audit covers an important company working system such as shop window selling process, earns from space rental, debt bidding, and debt collection. As the result from Internal Audit we have confidence that the company and subsidiary company have an effective and good control for internal control system, and appropriate for the business situation that have a high competition. We have found that committee as well as management team of company has ethics and determination to work in order to fulfill company goal and to improve Internal Control System so company can have better system. Even though the past year the company had many factors which effected to the companyûs operating performance but the company still have a confidence to manage all mentioned factors in order to increase our business profit in the near future. (Mr. Phisit Dachanabhirom) Chairman of Audit Committee

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√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

“¬ß“π√–∫∫ “√ π‡∑»

Information Technology

System

“¬ß“π ªØ‘∫—μ‘°“√

Operation

≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ‚§√ß √â“ß°“√®—¥°“√¢Õß∫√‘…—∑ª√–°Õ∫¥â«¬

§≥–°√√¡°“√®”π«π 4 ™ÿ¥ §◊Õ

1. §≥–°√√¡°“√∫√‘…—∑

2. §≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π

3. §≥–°√√¡°“√μ√«® Õ∫

4. §≥–°√√¡°“√∫√‘À“√

At December 31, 2007,

Organization Structure consist of 4 groups of committee:

1. Board of Directors

2. Nomination and Remuneration Committee

3. Audit Committee

4. Executive Committee

§≥–°√√¡°“√ √√À“ ·≈–°”Àπ¥§à“μÕ∫·∑π

”π—°∫√‘À“√

Exceutive Office

Nomination and Remuneration Committee

‚§√ß √â“ß°“√®—¥°“√ / Organization Structure


A n n u a l R e p o r t 2 0 0 7

“¬ß“π°“√μ≈“¥ ·≈–°“√¢“¬

Marketing and Sales

“¬ß“π∫—≠™’ ·≈–°“√‡ß‘π

Accounting and

Finance

§≥–°√√¡°“√

∫√‘À“√

§≥–°√√¡°“√∫√‘…—∑

§≥–°√√¡°“√ μ√«® Õ∫

ª√–∏“π ‡®â“Àπâ“∑’Ë∫√‘À“√

·ºπ°μ√«® Õ∫¿“¬„π

Board of Directors

Audit Committee

Executive Committee

Internal Audit

Chief Executive Officer

∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) JAY MART PUBLIC CO., LTD.

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√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

ªí®®ÿ∫—π∫√‘…—∑¡’∫√‘…—∑¬àÕ¬∑’Ë¥”‡π‘π∏ÿ√°‘®Õ¬Ÿà 1 ∫√‘…—∑ §◊Õ∫√‘…—∑ ‡® ‡ÕÁ¡ ∑’ ‡πÁ∑‡«Õ√å§ ‡´Õ√å«‘ ‡´Á ®”°—¥ (ç‡®‡ÕÁ¡∑’é) ´÷Ëß∫√‘…—∑∂◊ÕÀÿâπÕ¬Ÿà„πÕ—μ√“√âÕ¬≈– 99.99 ‚¥¬¡’∑ÿπ®¥∑–‡∫’¬π™”√–‡μÁ¡·≈â«®”π«π 40 ≈â“π∫“∑ ‚§√ß √â“ß§≥–°√√¡°“√∫√‘…—∑ ‚§√ß √â“ß°√√¡°“√∫√‘…—∑ª√–°Õ∫¥â«¬ (1) §≥–°√√¡°“√∫√‘…—∑ (2) §≥–°√√¡°“√μ√«® Õ∫ (3) §≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π (4) §≥–°√√¡°“√∫√‘À“√ ¡’√“¬≈–‡Õ’¬¥¥—ßμàÕ‰ªπ’È (1) §≥–°√√¡°“√∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 §≥–°√√¡°“√∫√‘…—∑ ª√–°Õ∫¥â«¬°√√¡°“√®”π«π 9 ∑à“π ¥—ßπ’È 1. π“¬æ‘»≥ÿ æß…åÕ—™¨“ ª√–∏“π°√√¡°“√ 2. π“¬Õ¥‘»—°¥‘Ï ÿ¢ÿ¡«‘∑¬“ °√√¡°“√ 3. π“ß “«¬ÿ«¥’ æß…åÕ—™¨“ °√√¡°“√ 4. π“ß¡≥’ ÿπ∑√«“∑‘π °√√¡°“√ 5. π“¬ª√–™“ μ—π‡ π’¬å °√√¡°“√ 6. π“¬æ‘»‘…∞å ¥—™≥“¿‘√¡¬å ª√–∏“π°√√¡°“√μ√«® Õ∫/°√√¡°“√Õ‘ √– 7. π“¬‡¥™ ∫ÿ≈ ÿ¢ °√√¡°“√μ√«® Õ∫/°√√¡°“√Õ‘ √– 8. π“¬ ÿ«‘∑¬å °‘Ëß·°â« °√√¡°“√μ√«® Õ∫/°√√¡°“√Õ‘ √– 9. π“¬æ‘™‘μ π‘Ë¡°ÿ≈ °√√¡°“√μ√«® Õ∫/°√√¡°“√Õ‘ √– °√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡·∑π∫√‘…—∑μ“¡Àπ—ß ◊Õ√—∫√Õß¢Õß∫√‘…—∑ „π°“√≈ß≈“¬¡◊Õ™◊ËÕ∑’ËºŸ°æ—π°—∫∫√‘…—∑ °”Àπ¥„Àâ π“¬Õ¥‘»—°¥‘Ï ÿ¢ÿ¡«‘∑¬“ À√◊Õ π“ß “«¬ÿ«¥’ æß…åÕ—™¨“ À√◊Õ π“¬æ‘»≥ÿ æß…åÕ—™¨“ ≈ß≈“¬¡◊Õ™◊ËÕ√à«¡°—∫ π“ß¡≥’ ÿπ∑√«“∑‘π À√◊Õ π“¬ª√–™“ μ—π‡ π’¬å √«¡‡ªìπ Õß§π ·≈–ª√–∑—∫μ√“ ”§—≠¢Õß∫√‘…—∑ ¢Õ∫‡¢μ Õ”π“®Àπâ“∑’Ë ¢Õß§≥–°√√¡°“√∫√‘…—∑ 1. ∫√‘À“√®—¥°“√·≈–¥”‡π‘π°‘®°“√¢Õß∫√‘…—∑„Àâ‡ªìπ‰ªμ“¡°ÆÀ¡“¬ «—μ∂ÿª√– ß§å ¢âÕ∫—ß§—∫¢Õß∫√‘…—∑œ μ≈Õ¥®π¡μ‘¢Õß∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ 2. Õ”π“®·μàßμ—Èß°√√¡°“√ ·≈–/À√◊ÕºŸâ∫√‘À“√¢Õß∫√‘…—∑œ √«¡∑—Èß¡’Õ”π“®·μàßμ—Èß·≈–¡Õ∫Õ”π“®„Àâ∫ÿ§§≈Õ◊Ëπ„¥¥”‡π‘π°“√Õ¬à“ß„¥ Õ¬à“ßÀπ÷ Ëß·∑π§≥–°√√¡°“√‰¥â ‚¥¬Õ¬Ÿ à¿“¬„μâ°“√§«∫§ÿ¡¢Õß§≥–°√√¡°“√·≈–¡’Õ”π“®¬°‡≈‘° ‡æ‘°∂Õπ ·°â‰¢ À√◊Õ ‡ª≈’Ë¬π·ª≈ßÕ”π“®¥—ß°≈à“«‰¥âμ“¡∑’Ë‡ÀÁπ ¡§«√ 3. °”Àπ¥‡ªÑ“À¡“¬ ·π«∑“ß π‚¬∫“¬ ·ºπ°“√¥”‡π‘πß“π ·≈–ß∫ª√–¡“≥¢Õß∫√‘…—∑œ √«¡∂÷ß§«∫§ÿ¡¥Ÿ·≈°“√∫√‘À“√·≈–°“√ ®—¥°“√¢ÕßΩÉ“¬∫√‘À“√ À√◊Õ¢Õß∫ÿ§§≈„¥Ê ∑’Ë‰¥â√—∫¡Õ∫À¡“¬„Àâ¥”‡π‘πß“π¥—ß°≈à“«„Àâ‡ªìπ‰ªμ“¡π‚¬∫“¬∑’Ë§≥–°√√¡°“√‰¥â„Àâ‰«â 4. æ‘®“√≥“∑∫∑«π μ√«® Õ∫ ·≈–Õπÿ¡—μ‘π‚¬∫“¬ ∑‘»∑“ß °≈¬ÿ∑∏å ·ºπß“π°“√¥”‡π‘π∏ÿ√°‘® ‚§√ß°“√≈ß∑ÿπ¢π“¥„À≠à¢Õß∫√‘…—∑œ ∑’Ë‡ πÕ‚¥¬ΩÉ“¬∫√‘À“√ 5. μ‘¥μ“¡º≈°“√¥”‡π‘πß“π„Àâ‡ªìπ‰ªμ“¡·ºπß“π·≈–ß∫ª√–¡“≥Õ¬à“ßμàÕ‡π◊ËÕß 6. æ‘®“√≥“Õπÿ¡—μ‘°“√≈ß∑ÿπ„π°“√¢¬“¬∏ÿ√°‘® μ≈Õ¥®π‡¢â“√à«¡∑ÿπ°—∫ºŸâª√–°Õ∫°‘®°“√Õ◊ËπÊ À√◊Õ≈ß∑ÿπ„π∫√‘…—∑À√◊Õ°‘®°“√μà“ßÊ 7. °”Àπ¥π‚¬∫“¬ ∑‘»∑“ß °≈¬ÿ∑∏å §«∫§ÿ¡ ¥Ÿ·≈ ∫√‘À“√ß“π¢Õß∫√‘…—∑¬àÕ¬·≈–/À√◊Õ∫√‘…—∑„π‡§√◊Õ 8. °”Àπ¥√–‡∫’¬∫μà“ßÊ ¢Õß∫√‘…—∑œ 9. æ‘®“√≥“·≈–Õπÿ¡—μ‘°‘®°“√Õ◊ËπÊ ∑’Ë ”§—≠Õ—π‡°’Ë¬«°—∫∫√‘…—∑œ À√◊Õ∑’Ë‡ÀÁπ ¡§«√®–¥”‡π‘π°“√π—ÈπÊ ‡æ◊ËÕ„Àâ‡°‘¥ª√–‚¬™πå·°à∫√‘…—∑œ

‚§√ß √â“ß°≈ÿà¡∫√‘…—∑

∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π)

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99.99%

At present the company has an operation subsidiary company which is JMT Network Services Co., Ltd., (JMT). The company holds shares at 99.99% and has a paid up capital for the amount of 40 million baht. Board of Directorsû structure Board of Directorsû structure comprise of (1) Board of Directors (2) Audit Committee (3) Nomination and Remuneration Committee (4) Executive Committee, details are as follows: (1) Board of Directors At December 31, 2007, Board of Directors comprising nine directors as follows: 1. Mr. Pisnu Pong-acha Chairman of the Board 2. Mr. Adisak Sukumvitaya Committee 3. Miss Yuvadee Pong-acha Committee 4. Mrs. Manee Soonthornvatin Committee 5. Mr. Pracha Tansaenee Committee 6. Mr. Phisit Dachanabhirom Chairman of Audit Committee/ Independent Committee 7. Mr. Dej Bulsuk Audit Committee / Independent Committee 8. Mr. Suwit Kingkaew Audit Committee / Independent Committee 9. Mr. Pichit Nimkul Audit Committee / Independent Committee Directors with Signatory Authority In act as joint corporate signatories comprising Mr. Adisak Sukumvitaya or Miss Yuvadee Pong-acha or Mr. Pisnu Pong-acha signing together with Mrs. Manee Soonthornvatin or Mr.Pracha Tansaenee as two persons, together with the Companyûs seal. Scope and Authority of Board of Directors 1. Manage and operate company in accordance with companyûs law, objective, rule including the resolution of Shareholderûs meeting. 2. Has authority to appoint company committee and/or executive also has authority to appoint and authorized other person to perform one or another task on behalf of the committee which is under control of Board of Committee. Has authority to cancel, withdraw, revise or change the mentioned authority appropriately. 3. Determine company target, direction, policy, plan and budget including control and administration of management team or other person who was appointed to operate mentioned tasks in accordance with the policies established by the Board. 4. Review, investigate and approve the policy, direction, strategy, business plan and company big investment project which propose by Management team. 5. Follow up the operation to be in line with plan and budget continuously. 6. Approve the investment for expanding business as well as joint venture with other trader or invest in company or other business. 7. Determine policy, direction, strategy, control, administration for Subsidiaries Company and/or Associated Company. 8. Set up companyûs rules and regulation. 9. Consider and approve other important business which is concerned with company or appropriate to do in order to make benefit for company.


A n n u a l R e p o r t 2 0 0 7

Organization Structure

JAY MART (Public) Co., Ltd.

JMT Network Services Co., Ltd.

99.99%

14 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

(2) §≥–°√√¡°“√μ√«® Õ∫ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 §≥–°√√¡°“√μ√«® Õ∫ ¡’®”π«π 4 ∑à“π ¥—ßπ’È 1. π“¬æ‘»‘…∞å ¥—™≥“¿‘√¡¬å ª√–∏“π°√√¡°“√μ√«® Õ∫ 2. π“¬æ‘™‘μ π‘Ë¡°ÿ≈ °√√¡°“√μ√«® Õ∫ 3. π“¬‡¥™ ∫ÿ≈ ÿ¢ °√√¡°“√μ√«® Õ∫ 4. π“¬ ÿ«‘∑¬å °‘Ëß·°â« °√√¡°“√μ√«® Õ∫ ¢Õ∫‡¢μ Õ”π“®Àπâ“∑’Ë ¢Õß§≥–°√√¡°“√μ√«® Õ∫ 1. Õ∫∑“π„Àâ∫√‘…—∑œ ¡’°“√√“¬ß“π∑“ß°“√‡ß‘πÕ¬à“ß∂Ÿ°μâÕß·≈–‡ªî¥‡º¬Õ¬à“ß‡æ’¬ßæÕ 2. «“ß·π«∑“ß·≈– Õ∫∑“π„Àâ∫√‘…—∑œ ¡’√–∫∫°“√§«∫§ÿ¡¿“¬„π (Internal Control) ·≈–°“√μ√«® Õ∫¿“¬„π (Internal Audit) ∑’Ë¡’ §«“¡‡À¡“– ¡·≈–¡’ª√– ‘∑∏‘º≈ 3. Õ∫∑“π°“√¥”‡π‘π°“√¢Õß∫√‘…—∑œ „Àâ‡ªìπ‰ªμ“¡°ÆÀ¡“¬«à“¥â«¬À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ¢âÕ°”Àπ¥¢Õßμ≈“¥ À≈—°∑√—æ¬å À√◊Õ°ÆÀ¡“¬∑’Ë‡°’Ë¬«¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…—∑œ 4. æ‘®“√≥“§—¥‡≈◊Õ°·≈–‡ πÕ·μàßμ—ÈßºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑ √«¡∂÷ßæ‘®“√≥“‡ πÕ§à“μÕ∫·∑π¢ÕßºŸâ Õ∫∫—≠™’ 5. „Àâ§«“¡‡ÀÁπ™Õ∫æ‘®“√≥“√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π ·≈–/À√◊Õ°“√‰¥â¡“À√◊Õ®”Àπà“¬‰ª ÷́Ëß ‘π∑√—æ¬å¢Õß∫√‘…—∑À√◊Õ∫√‘…—∑¬àÕ¬ √«¡∑—Èßæ‘®“√≥“ ‡ªî¥‡º¬¢âÕ¡Ÿ≈¢Õß∫√‘…—∑„π°√≥’∑’Ë‡°‘¥√“¬°“√‡°’Ë¬«‚¬ßÀ√◊Õ√“¬°“√∑’ËÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå„Àâ¡’§«“¡∂Ÿ°μâÕß·≈–§√∫∂â«π 6. ¥”‡π‘π°“√Õ◊Ëπ„¥μ“¡∑’Ë§≥–°√√¡°“√∫√‘…—∑¡Õ∫À¡“¬ ·≈–/À√◊Õ ∑’Ë§≥–°√√¡°“√μ√«® Õ∫‡ÀÁπ ¡§«√ 7. ®—¥∑”√“¬ß“π°“√°”°—∫¥Ÿ·≈°‘®°“√¢Õß§≥–°√√¡°“√μ√«® Õ∫‚¥¬‡ªî¥‡º¬‰«â„π√“¬ß“πª√–®”ªï¢Õß∫√‘…—∑œ 8. ∑”°“√ª√–‡¡‘πº≈°“√ªØ‘∫—μ‘ß“π¢Õß§≥–°√√¡°“√μ√«® Õ∫ 9. ¥”‡π‘π°“√Õ◊Ëπ„¥μ“¡∑’Ë§≥–°√√¡°“√∫√‘…—∑¡Õ∫À¡“¬ (3) §≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 §≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π ¡’®”π«π 4 ∑à“π ¥—ßπ’È 1. π“¬ ÿ«‘∑¬å °‘Ëß·°â« ª√–∏“π°√√¡°“√ 2. π“¬Õ¥‘»—°¥‘Ï ÿ¢ÿ¡«‘∑¬“ °√√¡°“√ 3. π“¬æ‘»‘…∞å ¥—™≥“¿‘√¡¬å °√√¡°“√ 4. π“¬æ‘™‘μ π‘Ë¡°ÿ≈ °√√¡°“√ ¢Õ∫‡¢μ Õ”π“®Àπâ“∑’Ë¢Õß§≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“μÕ∫·∑π 1. √√À“ §—¥‡≈◊Õ° ·≈–‡ πÕ∫ÿ§§≈„Àâ¥”√ßμ”·Àπàß°√√¡°“√∫√‘…—∑ ‡æ◊ËÕ°√√¡°“√ ‡æ◊ËÕ‡ πÕμàÕºŸâ∂◊ÕÀÿâπ „π°√≥’∑’Ëμ”·Àπàß«à“ß≈ß ‡π◊ËÕß®“°§√∫«“√–·≈–„π°√≥’Õ◊ËπÊ 2. √√À“ §—¥‡≈◊Õ° ·≈–‡ πÕ∫ÿ§§≈„Àâ¥”√ßμ”·Àπàßª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√ „π°√≥’∑’Ëμ”·Àπàß«à“ß≈ß √«¡∑—Èß°”Àπ¥À≈—°‡°≥±å „π°“√ ◊∫∑Õ¥μ”·ÀπàßºŸâ∫√‘À“√√–¥—∫ Ÿß 3. ‡ πÕπ‚¬∫“¬º≈μÕ∫·∑π ·π«∑“ß°“√®à“¬§à“μÕ∫·∑π·≈–º≈ª√–‚¬™πåÕ◊ËπÊ ”À√—∫°√√¡°“√„π§≥–°√√¡°“√∫√‘…—∑ §≥– Õπÿ°√√¡°“√ ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√ ·≈–‡®â“Àπâ“∑’Ë∫√‘À“√„Àâ‡À¡“– ¡°—∫Àπâ“∑’Ë§«“¡√—∫º‘¥™Õ∫ Õ¥§≈âÕß°—∫º≈°“√¥”‡π‘πß“π ¢Õß∫√‘…—∑·≈–¿“«–μ≈“¥Õ¬Ÿà‡ ¡Õ 4. ª√–‡¡‘πº≈ ”‡√Á®¢ÕßÕß§å°√ ‡æ◊ËÕ°”Àπ¥‚∫π— ·≈–Õ—μ√“°“√¢÷Èπ‡ß‘π‡¥◊Õπª√–®”ªï 5. æ‘®“√≥“°≈—Ëπ°√Õß ‚§√ß √â“ß‡ß‘π‡¥◊Õπ·≈–º≈ª√–‚¬™πåμÕ∫·∑πÕ◊Ëπ Ê ¢Õß∫√‘…—∑ 6. ªØ‘∫—μ‘ß“πÕ◊Ëπ„¥μ“¡∑’Ë§≥–°√√¡°“√¢Õß∫√‘…—∑¡Õ∫À¡“¬ (4) §≥–°√√¡°“√∫√‘À“√ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 §≥–°√√¡°“√∫√‘À“√ ª√–°Õ∫¥â«¬®”π«π 5 ∑à“π 1. π“¬Õ¥‘»—°¥‘Ï ÿ¢ÿ¡«‘∑¬“ ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√ 2. π“ß¡≥’ ÿπ∑√«“∑‘π °√√¡°“√∫√‘À“√ 3. π“¬°‘μμ‘æß»å °π°«‘‰≈√—μπå °√√¡°“√∫√‘À“√ 4. π“¬ª√–™“ μ—π‡ π’¬å °√√¡°“√∫√‘À“√ 5. π“ßπß≈—°…≥å ≈—°…≥–‚¿§‘π °√√¡°“√∫√‘À“√


A n n u a l R e p o r t 2 0 0 7

(2) Audit Committee At December 31, 2007, Audit Committee comprising four directors as follows: 1. Mr. Phisit Dachanabhirom Chairman of Audit Committee 2. Mr. Pichit Nimkul Audit Committee 3. Mr. Dej Bulsuk Audit Committee 4. Mr. Suwit Kingkaew Audit Committee Scope and Authority of Audit Committee 1. To review company financial report to have accurate and sufficient disclosure information. 2. To direct and review Internal Control and Internal Audit of the company in order to make them appropriate and efficient 3. To review the compliance of the company with the securities and exchange laws. Stock Exchange of Thailand rule and any other laws relevant to the businesses of the company. 4. To consider, select and propose the appointment of the company auditors and to remuneration the auditor of the company. 5. To agree related transaction and/or receive or sell assets of the company or subsidiary company, including consider company discloser information in the event of connected transaction or transaction that may cause conflict of interest, to ensure accuracy and completeness. 6. To conduct other duty as assign by Board of Director and/ or see as an appropriate by Audit committee. 7. To do business control report of Audit Committee by disclosure in the Companyûs Annual Report. 8. To do the performance evaluation of Audit Committee. 9. Process other duty as assign by Board of Director. (3) Nomination and Remuneration Committee At December 31, 2007, Nomination and Remuneration Committee comprising four directors as follows: 1. Mr. Suwit Kingkaew Chairman 2. Mr. Adisak Sukumvitaya Committee 3. Mr. Phisit Dachanabhirom Committee 4. Mr. Pichit Nimkul Committee Scope and Authority of Nomination and Remuneration Committee 1. To recruit, select and propose an appointment company director for committee and to propose to shareholder in case the position is available due to its term or other cases. 2. To examine, select and propose and appointment company Chief Executive Officer, in case the position is available, including set up the rule for hand down high level of management. 3. Propose policy for remuneration and way to pay it and other benefit for committee in Board of Directors, committee, Chief Executive Officer and executive office for an appropriate with their responsibility which always conforms to company operation and marketing situation. 4. To evaluate company accomplishment in order to set up bonus and increase annual salary rate. 5. To review salary structure and other company benefits. 6. Process other duty as assign by Board of Director. (4) Executive Committee At December 31, 2007, Executive Committee comprising five diectors as follows: 1. Mr. Adisak Sukumvitaya Chief Executive Officer 2. Mrs. Manee Soonthornvatin Executive Committee 3. Mr. Kittipong Kanokvilairat Executive Committee 4. Mr. Pracha Tansaenee Executive Committee 5. Mrs. Nonglak Laksanapokin Executive Committee

16 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

¢Õ∫‡¢μ Õ”π“®Àπâ“∑’Ë¢Õß§≥–°√√¡°“√∫√‘À“√ 1. æ‘®“√≥“·≈–°”Àπ¥π‚¬∫“¬ ∑‘»∑“ß °≈¬ÿ∑∏å ·≈–‚§√ß √â“ß°“√∫√‘À“√ß“π ·≈–À≈—°°“√„π°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑ √«¡∑—Èß μ√«® Õ∫μ‘¥μ“¡º≈°“√¥”‡π‘π°“√¢Õß∫√‘…—∑∑’Ë°”Àπ¥‰«â 2. æ‘®“√≥“°”Àπ¥·ºπ∏ÿ√°‘® ß∫ª√–¡“≥ ·≈–Õ”π“®∫√‘À“√μà“ßÊ ¢Õß∫√‘…—∑ ‡æ◊ËÕ‡ πÕ„Àâ§≥–°√√¡°“√∫√‘…—∑æ‘®“√≥“‡ÀÁπ™Õ∫μàÕ‰ª 3. μ√«® Õ∫ μ‘¥μ“¡·≈–¥”‡π‘ππ‚¬∫“¬·≈–·π«∑“ß∫√‘À“√ß“π¥â“πμà“ßÊ ¢Õß∫√‘…—∑∑’Ë°”Àπ¥„Àâ‡ªìπ‰ªÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ 4. æ‘®“√≥“°”Àπ¥Õ—μ√“§à“μÕ∫·∑πæπ—°ß“π ·≈–‚§√ß √â“ß‡ß‘π‡¥◊Õπ 5. æ‘®“√≥“®—¥º—ß‚§√ß √â“ßÕß§å°√·≈–°“√∫√‘À“√ ·≈–°√√¡°“√∫√‘À“√ ·≈–·μàßμ—ÈßºŸâ∫√‘À“√√–¥—∫ Ÿß 6. æ‘®“√≥“·≈–Õπÿ¡—μ‘°“√„™âß∫ª√–¡“≥ª√–®”ªïμ“¡∑’Ë‰¥â√—∫Õπÿ¡—μ‘®“°§≥–°√√¡°“√∫√‘…—∑ 7. ¥”‡π‘π°“√Õ◊ËπÊ μ“¡∑’Ë§≥–°√√¡°“√∫√‘…—∑¡Õ∫À¡“¬

Scope and Authority of Executive Committee 1. To consider, set up direction, strategy administration structure and company operation principle, including monitor and follow up company operation as specify. 2. To set up business plan, budget and other company management authority in order to propose to Board of Directors for consideration. 3. To monitor and follow up, process according to policy and other company management direction as specify effectively. 4. To consider remuneration for employee and salary structure. 5. To consider organization structure and management, management team and appoint high level of management officer. 6. To consider and approve yearly budget usage according to the approval of the Board of Director. 7. Process other duty as assign by Board of Director.


A n n u a l R e p o r t 2 0 0 7

18 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

‡æ◊ËÕ°“√‡ªìπ∫√‘…—∑∏√√¡“¿‘∫“≈∑’Ë¥’ ∫√‘…—∑®÷ß‰¥â°”Àπ¥„Àâ‡ªìπ¢âÕæ÷ßªØ‘∫—μ‘∑’Ë¥’ ”À√—∫°√√¡°“√∫√‘…—∑®¥∑–‡∫’¬π (Code of Best Practice) π—Èπ ∫√‘…—∑‰¥â°”Àπ¥π‚¬∫“¬‡°’Ë¬«°—∫°“√¥Ÿ·≈°‘®°“√ ‡æ◊ËÕ§«“¡‚ª√àß„ „π°“√¥”‡π‘πß“π¢Õß∫√‘…—∑∑ÿ°√–¥—∫™—Èπ ∑—Èß„π à«π¢Õß æπ—°ß“π√–¥—∫ªØ‘∫—μ‘ß“π ºŸâ∫√‘À“√ μ≈Õ¥®π§≥–°√√¡°“√ ´÷Ëß‡ªìπæ◊Èπ∞“π ”§—≠„π°“√ª√—∫ª√ÿßª√– ‘∑∏‘¿“æ·≈–‡æ‘Ë¡ª√– ‘∑∏‘º≈„π°“√ª√–°Õ∫°‘®°“√¢Õß∫√‘…—∑‡æ◊ËÕª√–‚¬™πå„π√–¬–¬“«¢Õß∫√‘…—∑ ·≈–ºŸâ∂◊ÕÀÿâπ ¥—ßπ—Èπ∫√‘…—∑®÷ß‰¥â∂◊ÕªØ‘∫—μ‘μ“¡À≈—°°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ∑—Èß 15 ¢âÕ μ“¡·π«∑“ß¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬¥—ßπ’È 1. π‚¬∫“¬‡°’Ë¬«°—∫°“√°”°—∫¥Ÿ·≈°‘®°“√ §≥–°√√¡°“√¢Õß∫√‘…—∑„Àâ§«“¡ ”§—≠„π°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ °“√¡’¡“μ√∞“π∑’Ë‡ªìπ “°≈ ·≈–§«“¡ Õ¥§≈âÕß°—∫π‚¬∫“¬¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ‚¥¬‰¥â®—¥μ—Èß§≥–°√√¡°“√μ√«® Õ∫‡æ◊ËÕ™à«¬°”°—∫¥Ÿ·≈°‘®°“√„π¥â“πμà“ßÊ ‡æ◊ËÕ π—∫ πÿπ«—≤π∏√√¡Õß§å°√ ·≈–®√√¬“∫√√≥„π°“√¥”‡π‘π∏ÿ√°‘®∑’Ë¥’ §≥–°√√¡°“√∫√‘…—∑¡’§«“¡‡™◊ËÕ¡—Ëπ‡ªìπÕ¬à“ß¬‘Ëß«à“ °√–∫«π°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ®–™à«¬ àß‡ √‘¡º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ ·≈–‡ªìπÀ—«„®„π°“√∫√√≈ÿ‡ªÑ“À¡“¬æ◊Èπ∞“π∑’Ë ”§—≠¬‘ËßÕ¬à“ßÀπ÷Ëß Õ—π®– àßº≈„Àâ‡°‘¥°“√‡æ‘Ë¡¡Ÿ≈§à“ Ÿß ÿ¥·°àºŸâ∂◊ÕÀÿâπ §ÿ≥§à“∑’Ë∫√‘…—∑¡ÿàßÀ«—ß ·≈–§“¥À«—ß„Àâ°√√¡°“√ ·≈–æπ—°ß“π∑ÿ°§π∂◊ÕªØ‘∫—μ‘„π∑ÿ°¿“√°‘®‰¥â·°à ë °“√ªØ‘∫—μ‘ß“π¥â«¬§«“¡√Ÿâ§«“¡ “¡“√∂Õ¬à“ß¡◊ÕÕ“™’æ¥â«¬§«“¡´◊ËÕ —μ¬å ·≈–¡’§ÿ≥∏√√¡ ë °“√ √â“ß§«“¡ “¡—§§’„π°“√∑”ß“π√à«¡°—π ë °“√¬÷¥¡—Ëπ„πÀ≈—°°“√¢Õß√–‡∫’¬∫«‘π—¬„π°“√ªØ‘∫—μ‘ß“π∑’Ë¥’‡æ◊ËÕ™à«¬æ—≤π“∫√‘…—∑ª√–‡∑»™“μ‘ ·≈– —ß§¡‚¥¬√«¡ ë °“√¡’ªØ‘ —¡æ—π∏å√à«¡°—π ·≈–¡’§«“¡æ√âÕ¡„π°“√μÕ∫ πÕßμàÕ∑ÿ° ∂“π°“√≥å 2. ‘∑∏‘·≈–§«“¡‡∑à“∑’¬¡°—π¢ÕßºŸâ∂◊ÕÀÿâπ ∫√‘…—∑‰¥â°”Àπ¥„Àâ®—¥ àßÀπ—ß ◊Õ‡™‘≠ª√–™ÿ¡æ√âÕ¡‡Õ° “√ª√–°Õ∫°àÕπ°“√ª√–™ÿ¡≈à«ßÀπâ“Õ¬à“ßπâÕ¬ 7 «—π ‡æ◊ËÕ„Àâ‡ªìπμ“¡√–¬–‡«≈“¢—ÈπμË”∑’Ë°ÆÀ¡“¬°”Àπ¥ πÕ°®“°π’È∫√‘…—∑¡’π‚¬∫“¬∑’Ë®–ªØ‘∫—μ‘μàÕºŸâ∂◊ÕÀÿâπ∑ÿ°√“¬Õ¬à“ß‡∑à“‡∑’¬¡°—π ºŸâ∂◊ÕÀÿâπ “¡“√∂„™â ‘∑∏‘ÕÕ°‡ ’¬ß ≈ß§–·ππ‰¥âÕ¬à“ß‡ªìπÕ‘ √–„π°“√‡≈◊Õ°§≥–°√√¡°“√∫√‘…—∑ °“√≈ß¡μ‘ °“√· ¥ß§«“¡§‘¥‡ÀÁπ ·≈–°“√μ—Èß§”∂“¡„¥Ê μàÕ∑’Ëª√–™ÿ¡ μ“¡√–‡∫’¬∫«“√–°“√ª√–™ÿ¡ ·≈–‡√◊ËÕß∑’Ë‡ πÕºŸâ∂◊ÕÀÿâπ∑ÿ°√“¬¡’ ‘∑∏‘·≈–§«“¡‡∑à“‡∑’¬¡°—π„π°“√√—∫∑√“∫ “√ π‡∑»∑’Ë∂Ÿ°μâÕß·≈–§√∫∂â«π ∑—πμàÕ‡Àμÿ°“√≥å ·≈– “¡“√∂μ√«® Õ∫¢âÕ¡Ÿ≈μà“ßÊ ‰¥â ∑—Èßπ’È ¿“¬À≈—ß®“°∫√‘…—∑‡¢â“®¥∑–‡∫’¬π„πμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬·≈â« ∫√‘…—∑¡’ π‚¬∫“¬∑’Ë®–‡æ‘Ë¡∑“ß‡≈◊Õ°„Àâ°—∫ºŸâ∂◊ÕÀÿâπ‚¥¬„Àâ°√√¡°“√Õ‘ √–‡ªìπºŸâ√—∫¡Õ∫©—π∑–®“°ºŸâ∂◊ÕÀÿâπ „π°√≥’∑’ËºŸâ∂◊ÕÀÿâπ‰¡à “¡“√∂‡¢â“√à«¡ª√–™ÿ¡‰¥â 3. ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬°≈ÿà¡μà“ßÊ ∫√‘…—∑‰¥â„Àâ§«“¡ ”§—≠μàÕ ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°°≈ÿà¡ ‰¡à«à“®–‡ªìπºŸâ¡’ à«π‰¥â‡ ’¬¿“¬„π ‰¥â·°à æπ—°ß“π·≈–ºŸâ∫√‘À“√¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ À√◊ÕºŸâ¡’ à«π‰¥â‡ ’¬¿“¬πÕ° ‰¥â·°à ≈Ÿ°§â“ §Ÿà§â“ §Ÿà·¢àß ‡®â“Àπ’È ¿“§√—∞·≈–Àπà«¬ß“πÕ◊ËπÊ ∑’Ë‡°’Ë¬«¢âÕß ‚¥¬∫√‘…—∑ªØ‘∫—μ‘μ“¡¢âÕ°”Àπ¥¢Õß°ÆÀ¡“¬·≈–°Æ√–‡∫’¬∫μà“ßÊ ∑’Ë‡°’Ë¬«¢âÕß ‡æ◊ËÕ„Àâ ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬‡À≈à“π’È‰¥â√—∫°“√¥Ÿ·≈Õ¬à“ß¥’ μ≈Õ¥°“√¥”‡π‘πß“π∑’Ëºà“π¡“∫√‘…—∑‰¥â¡’°“√ªØ‘∫—μ‘μàÕæπ—°ß“πÕ¬à“ß‡∑à“‡∑’¬¡·≈–‡ªìπ∏√√¡‚¥¬„Àâº≈μÕ∫·∑π∑’Ë‡À¡“– ¡ °“√´◊ÈÕ ‘π§â“·≈–∫√‘°“√®“°§Ÿà§â“‡ªìπ‰ªμ“¡‡ß◊ËÕπ‰¢ √«¡∂÷ß°“√ªØ‘∫—μ‘μ“¡ —≠≠“μàÕ§Ÿà§â“ ¡’§«“¡‡Õ“„®„ à·≈–√—∫º‘¥™Õ∫μàÕ≈Ÿ°§â“ √—°…“§«“¡≈—∫¢Õß≈Ÿ°§â“ Õ’°∑—Èß®√√¬“∫√√≥¢Õß∫√‘…—∑‰¥â¡’°“√√–∫ÿ∂÷ß°“√ª√–æƒμ‘ªØ‘∫—μ‘¿“¬„μâ°√Õ∫°μ‘°“¢Õß°“√·¢àß¢—π∑’Ë¥’ ‰¡à· «ßÀ“¢âÕ¡Ÿ≈∑’Ë‡ªìπ§«“¡≈—∫¢Õß§Ÿà·¢àß∑“ß°“√§â“¥â«¬«‘∏’°“√∑’Ë‰¡à ÿ®√‘μ‰¡à‡À¡“– ¡ ·≈–∫√‘…—∑¡’π‚¬∫“¬∑’Ë®–ª√–°Õ∫∏ÿ√°‘®‚¥¬§”π÷ß∂÷ß°“√æ—≤π“·≈–‡®√‘≠‡μ‘∫‚μ§«∫§Ÿà‰ª°—∫™ÿ¡™π 4. °“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ∫√‘…—∑¡’°“√®—¥ àßÀπ—ß ◊Õπ—¥ª√–™ÿ¡ ·≈–¢âÕ¡Ÿ≈ª√–°Õ∫°“√æ‘®“√≥“μ“¡«“√–μà“ßÊ ∂÷ßºŸâ∂◊ÕÀÿâπ≈à«ßÀπâ“Õ¬à“ßπâÕ¬ 7 «—π°àÕπ«—πª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ∫√‘…—∑¡’π‚¬∫“¬∑’Ë®–‡ªî¥‚Õ°“ „ÀâºŸâ∂◊ÕÀÿâπ¡’ ‘∑∏‘‡∑à“‡∑’¬¡°—π„π°“√μ√«® Õ∫°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ Õ∫∂“¡ · ¥ß§«“¡§‘¥‡ÀÁπ·≈–„Àâ¢âÕ‡ πÕ·π–μà“ßÊ μ≈Õ¥®π¡’°“√∫—π∑÷°ª√–‡¥Áπ´—°∂“¡ ·≈–¢âÕ§‘¥‡ÀÁπ∑’Ë ”§—≠‰«â„π√“¬ß“π°“√ª√–™ÿ¡ ∑—Èßπ’È ¿“¬À≈—ß®“°∫√‘…—∑‡¢â“®¥∑–‡∫’¬π„πμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬·≈â« ∫√‘…—∑¡’π‚¬∫“¬∑’Ë®–‡æ‘Ë¡∑“ß‡≈◊Õ°„Àâ°—∫ºŸâ∂◊ÕÀÿâπ ‚¥¬„Àâ°√√¡°“√Õ‘ √–‡ªìπºŸâ√—∫¡Õ∫©—π∑–®“°ºŸâ∂◊ÕÀÿâπ „π°√≥’∑’ËºŸâ∂◊ÕÀÿâπ‰¡à “¡“√∂‡¢â“√à«¡ª√–™ÿ¡‰¥â

°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’

To be good governance, the company determines a principle for code of best practice. The company specifies policy for corporate governance to reveal the procedure of all level including employee, executive and the committee which it is the basic in improving the efficiency and increasing the effectiveness of corporateûs performance for the long-term benefit and shareholder therefore the company has carried out the 15 procedures according to the good governance principles of Stock Exchange of Thailand. 1. Corporate Governance policy The companyûs committee has emphasized the good business governance, having an international standard and conform to Stock Exchange of Thailand policy by set up the Audit Committee to review sufficiency and adeqerey of the organization to support corperate culture and ethics in proceeding a good business governance. The company committee believes that corporate governance procedure will enhance the overall operation of the company to accomplish the basic goal which will affect increasing the maximum value for shareholder. Values that the company expects for the committee and every employee to perform are ë Work with professional capability, honesty and moral ë Build a unity ë Adherence the discipline in working to develop company, country and society as a whole. ë Intercourse and ready to respond every kind of situation 2. Right and equality of shareholder The company shall deliver the meeting invitation letter agenda including its decumentary not less than 7 days before the meeting to shareholder. The company has policy to treat the shareholder equally. Shareholders have the right in voting the company executive freely, resolution, share their opinions and questioning according to agenda and concerned issue, shareholders have equally right in hearing complete information and checking the information. After company registers in Stock Exchange of Thailand, the company has policy to increase the alternative choice for shareholders by let an independent committee be the proxy from shareholders in case shareholders canût attend the meeting. 3. Right of a Group Stakeholder. The company gives precedence to the right of every group of stakeholder no matter they are an internal group such as employees, management team, and Subsidiary Company or external group such as customers, business partners, competitors, debtors, public sectors and other related offices. The company will process according to related law and rules, in order to treat the stakeholder fairly and equally. Throughout the past operation period, the company treated employees equally and fairly by giving an appropriate compensation. Buying and selling with business partner is according to the condition by the same time we also act upon the business partner agreement. Taking care and take responsibility to customer, keep customer secret. Our company ethics has defined to play under the rule of good competition. Not find out the competitor secret information by using dishonest and inappropriate way. Company also has policy to do the business by consideration of development and growth together with the community. 4. Shareholders meeting The company shall deliver the invitation letter, agenda including its documentary to shareholders at least 7 days before shareholders meeting. Shareholders have equal right in checking company procedure, questioning and give comment including record the question and important opinion into the transactions so that after company register in Stock Exchange of Thailand, company has policy to increase the alternative choice for shareholders by let independent committee be the proxy from shareholders in case shareholders canût attend the meeting.


A n n u a l R e p o r t 2 0 0 7

Good Corporate Governance

20 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

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A n n u a l R e p o r t 2 0 0 7

5. Leadership and Vision Board of directors consists of qualified persons who have business experiences in different fields. Their duties are to specify company policy, vision, strategy, target, mission, business plan and company budget including managing administration to be in specify policy with effectiveness and efficiency under law, purpose, regulation and the shareholders meeting resolution with responsibility, honesty and caution according to good procedure to increase maximum economical value to the business and high stability for shareholders. Moreover company gives precedence to internal control system, internal audit and risk management code including having check up system to make procedure be in the line with law and have good controlling to make internal system becomes effectively and makes high profit to the company. Moreover the Board of Directors consider specify and separate role and responsibility between the committees, audit committees, Board of Director and Chief Executive Officer. 6. Conflict of Interest Through all the procedure, the Board of Directors and managment consider the way to eliminate the conflict of interest carefully with honesty, justified and independently under moral for the best benefit of the company, to make equity and prevent personal interests. Company makes order to carry out in preventing committee, executive and employee not to reveal company information and subsidiary company also not to use company information for self benefit. Moreover if there are any report that involve or having the list about acquisition or selling the company asset or subsidiary asset, the company will proceed follow rules and method of the Stock Exchange of Thailand. 7. Business Ethics The company persists in doing the right thing as the principles to do business, Every committees, executive and staff has responsibility in procedure business with honesty inaccordance with appplicable laws and each responsibility including the consideration in deciding business and conduct oneself to another. Exclude any action that will make any risk for company and public even though that action seems to help company. The company has provided the Code of Conduct and Code of Business ethics which has been approved by the Board of Directors on 20th November 2007 and has been abide through every staff. 8. Balance of check of committee Committee consists of 9 persons as follows : ë Committees also serving as executive 4 persons. ë Committee that wasnût executive; 1 person. ë Independent committees; 4 persons count as 44 percent of the whole committee 9. Combine position or Separate position. Chairman of the Board of Directors is not be the same person as the Chief Executive Director in order to create a balance of check mechanism of the performance of the management. The structuce of the Board of Director consist of non-executive directors and independent directors to be more than half of the committee to separate authority and function that will make the management policy to be more effectiveness in order that the company will specify the range, power, duty and responsibility of the Chief Executive Officer clearly by not giving unlimited power. 10. Remuneration of Directors and Management The company appoints the committee to consider the benefit and remuneration of the Directors ranging from the Chief Executive Officer level. The remuneration is in line with industry practice and the profits of the company and expected contribution from the directors. The company determines to reveal the remuneration of directors and managment committees and executive payment as the Securities and Exchange Commission regulation.

22 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

11. °“√ª√–™ÿ¡§≥–°√√¡°“√ ¢âÕ∫—ß§—∫¢Õß∫√‘…—∑ °”Àπ¥„Àâ°“√®—¥ àßÀπ—ß ◊Õ‡™‘≠ª√–™ÿ¡æ√âÕ¡‡Õ° “√ª√–°Õ∫ „Àâ·°à°√√¡°“√‡æ◊ËÕæ‘®“√≥“°àÕπ°“√ª√–™ÿ¡≈à«ßÀπâ“Õ¬à“ßπâÕ¬ 7 «—π ·≈–‡æ◊ËÕ„Àâ‡ªìπ‰ªμ“¡√–¬–‡«≈“¢—ÈπμË”μ“¡∑’Ë°ÆÀ¡“¬°”Àπ¥„πªï 2549 §≥–°√√¡°“√¡’°“√ª√–™ÿ¡√«¡∑—Èß ‘Èπ 6 §√—Èß ‰¥â¡’°“√®¥∫—π∑÷°°“√ª√–™ÿ¡‡ªìπ≈“¬≈—°…≥åÕ—°…√ ·≈–®—¥‡°Á∫√“¬ß“π°“√ª√–™ÿ¡∑’Ëºà“π°“√√—∫√Õß®“°§≥–°√√¡°“√ æ√âÕ¡„Àâ°√√¡°“√·≈–ºŸâ∑’Ë‡°’Ë¬«¢âÕßμ√«® Õ∫‰¥â 12. §≥–Õπÿ°√√¡°“√ ∫√‘…—∑‰¥â¡’°“√·μàßμ—Èß§≥–°√√¡°“√μ√«® Õ∫ ‡æ◊ËÕ™à«¬„π°“√°Ì“°—∫¥Ÿ·≈°‘®°“√¢Õß∫√‘…—∑‚¥¬§≥–°√√¡°“√μ√«® Õ∫ª√–°Õ∫¥â«¬°√√¡°“√∑’Ë‡ªìπÕ‘ √–®Ì“π«π 4 ∑à“π ‚¥¬ 1 ∑à“π ‡ªìπºâŸ∑’Ë¡’§«“¡√Ÿâ¥â“π∫—≠™’ À√◊Õ°“√‡ß‘π ¡’¢Õ∫‡¢μ·≈–ÕÌ“π“®Àπâ“∑’Ëμ“¡∑’Ë√–∫ÿ‰«â„π√“¬≈–‡Õ’¬¥¢Õ∫‡¢μ ·≈–ÕÌ“π“®Àπâ“∑’Ë¢Õß§≥–°√√¡°“√μ√«® Õ∫ πÕ°®“°π’È∫√‘…—∑‰¥â®—¥„Àâ¡’§≥–Õπÿ°√√¡°“√μà“ßÊ ∑’Ë®–‡¢â“¡“°”°—∫¥Ÿ·≈°‘®°“√„π·μà≈–¥â“πª√–°Õ∫¥â«¬ 1. §≥–Õπÿ°√√¡°“√°“√¥”‡π‘πß“π (Management Subcommittee) ¡’Àπâ“∑’Ë°”°—∫°‘®°“√„π°“√¥”‡π‘πß“π‡ªìπÀ≈—° ‡ πÕ ß∫ª√–¡“≥ª√–®”ªï ‡ πÕ·μàßμ—Èß·≈–‚¬°¬â“¬æπ—°ß“π„Àâ°—∫§≥–°√√¡°“√∫√‘À“√ 2. §≥–Õπÿ°√√¡°“√°”°—∫§à“„™â®à“¬ (Cost Control Subcommittee) ¡’Àπâ“∑’Ë°”°—∫¥Ÿ·≈°“√„™â®à“¬Õß§å°√„Àâ‡ªìπ‰ªμ“¡ß∫ª√–¡“≥ ∑’Ë«“ß‰«â·≈–‡ πÕß∫ª√–¡“≥„Àâ°—∫§≥–°√√¡°“√∫√‘À“√ 3. §≥–Õπÿ°√√¡°“√«‘π—¬·≈–√âÕß∑ÿ°¢å (Disciplinary & Grievance Subcommittee) ¡’Àπâ“∑’Ë√—∫·≈–æ‘®“√≥“¢âÕ√âÕß∑ÿ°¢å¢Õßæπ—°ß“π ·≈–§Ÿà§â“ √«¡∂÷ßæ‘®“√≥“μ—¥ ‘π°√≥’æπ—°ß“π∑”º‘¥«‘π—¬√â“¬·√ßÀ√◊Õ∑ÿ®√‘μ 4. §≥–Õπÿ°√√¡°“√ ‘π§â“§ß§≈—ß (Inventory Subcommittee) ¡’Àπâ“∑’Ë§«∫§ÿ¡ ‘π§â“§ß§≈—ß„Àâ‡ªìπ‰ªμ“¡·ºπß“π·≈–‡ πÕ ·π–·π«∑“ß„π°“√®—¥°“√ ‘π§â“§ß§≈—ß„Àâ°—∫ΩÉ“¬°“√μ≈“¥·≈–ΩÉ“¬¢“¬ 5. §≥–Õπÿ°√√¡°“√°”°—∫¥Ÿ·≈§«“¡ª≈Õ¥¿—¬¢Õß¢âÕ¡Ÿ≈·≈–‡§√◊Õ¢à“¬ (Information& Networking Security Steering Subcommittee) ¡’Àπâ“∑’Ë«“ßπ‚¬∫“¬«—μ∂ÿª√– ß§å·≈–‡ªÑ“À¡“¬‡√◊ËÕß§«“¡ª≈Õ¥¿—¬¢âÕ¡Ÿ≈ 13. √–∫∫°“√§«∫§ÿ¡·≈–°“√μ√«® Õ∫¿“¬„π ∫√‘…—∑‰¥â°”Àπ¥¿“√– Àπâ“∑’Ë Õ”π“®°“√¥”‡π‘π°“√¢ÕßºŸâªØ‘∫—μ‘ß“π·≈–ºŸâ∫√‘À“√ ‰«â‡ªìπ≈“¬≈—°…≥åÕ—°…√Õ¬à“ß™—¥‡®π ¡’°“√§«∫§ÿ¡¥Ÿ·≈°“√„™â∑√—æ¬å ‘π¢Õß∫√‘…—∑„Àâ‡°‘¥ª√–‚¬™πå ·≈–¡’°“√·∫àß·¬°Àπâ“∑’Ë¢ÕßºŸâªØ‘∫—μ‘ß“π ºŸâ§«∫§ÿ¡·≈–ª√–‡¡‘πº≈ÕÕ°®“°°—π ‡æ◊ËÕ„Àâ‡°‘¥°“√∂à«ß¥ÿ≈·≈–μ√«® Õ∫√–À«à“ß°—πÕ¬à“ß‡À¡“– ¡ ∫√‘…—∑¡’·ºπ°μ√«® Õ∫¿“¬„π ∑”Àπâ“∑’Ëμ√«® Õ∫ «“ß·ºπ μ‘¥μ“¡ ·≈–ª√– “πß“π‡æ◊ËÕ„Àâ¡—Ëπ„®«à“ °“√ªØ‘∫—μ‘ß“πÀ≈—°∑’Ë ”§—≠¢Õß∫√‘…—∑‰¥â¥”‡π‘π°“√μ“¡·π«∑“ß∑’Ë°”Àπ¥·≈–¡’ª√– ‘∑∏‘¿“æ ·ºπ°μ√«® Õ∫¿“¬„π¡’§«“¡‡ªìπÕ‘ √– “¡“√∂∑”Àπâ“∑’Ëμ√«® Õ∫·≈–∂à«ß¥ÿ≈‰¥âÕ¬à“ß‡μÁ¡∑’Ë ‚¥¬·ºπ°μ√«® Õ∫¿“¬„π “¡“√∂√“¬ß“πº≈°“√μ√«® Õ∫‚¥¬μ√ßμàÕ§≥–°√√¡°“√μ√«® Õ∫ „πªï 2550 π—Èπ ∫√‘…—∑‰¥â«à“®â“ßºŸâμ√«® Õ∫¿“¬„π (Outsource) §◊Õ ∫√‘…—∑ ‡Õ‘π å∑ ·Õπ¥å ¬—ß §Õ√åª‡√∑ ‡´Õ√å«‘ ‡´ ®”°—¥ ¿“¬„μâ°“√°”°—∫·≈–°”Àπ¥·ºπß“π¢Õß§≥–°√√¡°“√μ√«® Õ∫ ‡æ◊ËÕ°“√μ√«® Õ∫√–∫∫§«∫§ÿ¡¿“¬„π¥â“πμà“ßÊ ∑—Èßπ’ÈºŸâμ√«® Õ∫¿“¬„πμâÕß√“¬ß“πº≈°“√μ√«® Õ∫·≈–¢âÕ‡ πÕ·π–‚¥¬μ√ß ‡æ◊ËÕ„Àâ§≥–°√√¡°“√μ√«® Õ∫æ‘®“√≥“ ‚¥¬¡’·ºπ°“√μ√«® Õ∫√–∫∫§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ „π∑ÿ°‰μ√¡“ 14. √“¬ß“π¢Õß§≥–°√√¡°“√ §≥–°√√¡°“√∫√‘…—∑‡ªìπºŸâ√—∫º‘¥™Õ∫μàÕß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ·≈– “√ π‡∑»∑“ß°“√‡ß‘π∑’Ëª√“°Ø„π√“¬ß“πª√–®”ªï ‚¥¬®—¥„Àâ¡’√–∫∫§«∫§ÿ¡¿“¬„π∑’Ë¡’ª√– ‘∑∏‘º≈ ‡æ◊ËÕ„Àâ¡—Ëπ„®‰¥â«à“°“√∫—π∑÷°¢âÕ¡Ÿ≈∑“ß∫—≠™’¡’§«“¡∂Ÿ°μâÕß §√∫∂â«π ·≈–‡æ’¬ßæÕ ∑’Ë®–¥”√ß√—°…“‰«â´÷Ëß∑√—æ¬å ‘π ∑”„Àâ∑√“∫®ÿ¥ÕàÕπ·≈– “¡“√∂ªÑÕß°—π‰¡à„Àâ‡°‘¥°“√∑ÿ®√‘μÀ√◊Õ¥”‡π‘π°“√∑’Ëº‘¥ª°μ‘Õ¬à“ß¡’ “√– ”§—≠ ∑’Ëª√–™ÿ¡§≥–°√√¡°“√§√—Èß∑’Ë 1/2545 „π«—π∑’Ë 29 ¡’π“§¡ 2545 ‰¥â¡’¡μ‘·μàßμ—Èß§≥–°√√¡°“√μ√«® Õ∫ „Àâ‡ªìπºŸâ¥Ÿ·≈√—∫º‘¥™Õ∫‡°’Ë¬«°—∫§ÿ≥¿“æ¢Õß√“¬ß“π∑“ß°“√‡ß‘π·≈–√–∫∫§«∫§ÿ¡¿“¬„π

11. The Board of Directorsû meeting Company regulation specify that invitation letter, agenda and its documentary will be sent to the Board of Directors to consider 7 days before the meeting according to the law. The Board of Directors had entire 6 times meeting in year 2006 which has been written as minutes and has been certified and kept in place where the Board of Directors and concern person can check. 12. Sub-committees Company appoints the audit committee to monitor and review corporate operations. The audit committee consists of 4 persons. One of them has knowledge in accounting or finance. The range of duties and authority of the audit committee is specified. Moreover, the company arranges other subcommittees to manage the business as below. 1. Management Sub-committee; manage, present budget, propose name to the company for appointment and relocate employee. 2. Cost Control Sub-committee; manage the organization expense to be in line with the budget and present the budget to the management committee. 3. Disciplinary and Grievance Sub-committee; consider grievance of the employee and business partner also judge corruption case or other disciplinary case of employees. 4. Inventory Sub-committee; control and monitoring inventory as planned and advise the way of arranging inventory to marketing department and sales department. 5. Information and Networking Security Steering Sub-committee; determine policy and objective of information security. 13. Control system and Internal Audit The company has determined the duties and authorities of employee and executive clearly in writing for controlling and maximizing the usage. of the company asset as possible and separating duties and reponsibilities of employee, controller and assessor duties. This will make a proper balance of checks. Internal Audit section has duties and responsibility in checking, planning, concerning and co-ordinating to make sure that the main purpose of the company has been on the specify procedure. The internal audit section is independent and has a full authority in auditing and can send the result directly to the auditing committee. In 2007, the company has used auditing service from is Earns & Young office Limited under of the audit committee to examine internal control system. Outsource auditor must send the auditing report and suggestion directly to the auditing committee for consideration by having an annual internal control system plan in the company and also subsidiary company. 14. Committee Report The Board of Directors will be the undertaker for financial report of the company and subsidiary company and financial information that appear on annual report by arranging an effectiveness internal system. To make sure that financial information has been recorded fully and correctly. To realize the weak point and prevent it not to have any corrupt or unusual procedure. The minutes of the Board of Directors 1/2003 dated 23 March 2003 resolves to establish the auditing committee to in charge for the quality of financial report and internal control system. 15. Investor Relationship After the company register into Stock Exchange of Thailand, the company has policy to arrange Investor Relations to responsible of revealing information that it must be correct, fully, fair and all including financial information and general information along with the important information that effect the share price of the company in Stock Exchange of Thailand by publicize the company information to investor and general public through all channels.


A n n u a l R e p o r t 2 0 0 7

24 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

15. §«“¡ —¡æ—π∏å°—∫ºŸâ≈ß∑ÿπ ¿“¬À≈—ß∫√‘…—∑ ‡¢â“®¥∑–‡∫’¬π„πμ≈“¥À≈—°∑√—æ¬å ∫√‘…—∑¡’π‚¬∫“¬∑’Ë®–®—¥„Àâ¡’ºŸâ¥Ÿ·≈ß“ππ—°≈ß∑ÿπ —¡æ—π∏å‡æ◊ËÕ¥Ÿ·≈‡√◊ËÕß°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈∑’Ë¡’§«“¡∂Ÿ°μâÕß §√∫∂â«π ‚ª√àß„ ·≈–∑—Ë«∂÷ß∑—Èß√“¬ß“π¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π ·≈–¢âÕ¡Ÿ≈∑—Ë«‰ªμ≈Õ¥®π¢âÕ¡Ÿ≈ ”§—≠∑’Ë¡’º≈°√–∑∫μàÕ√“§“À≈—°∑√—æ¬å¢Õß∫√‘…—∑ ‚¥¬‡º¬·æ√à¢âÕ¡Ÿ≈ “√ π‡∑»¢Õß∫√‘…—∑μàÕπ—°≈ß∑ÿπ·≈– “∏“√≥™πºà“π™àÕß∑“ßμà“ßÊ Õ¬à“ß∑—Ë«∂÷ß Õ¬à“ß‰√°Áμ“¡ ∫√‘…—∑Õ¬Ÿ à√–À«à“ß°“√®—¥∑”§Ÿ à¡◊Õ°“√°”°—∫¥Ÿ·≈°‘®°“√ ”À√—∫¢âÕæ÷ßªØ‘∫—μ‘¥—ß°≈à“«¢â“ßμâπ ‚¥¬®–π”‡ πÕ„Àâ §≥–°√√¡°“√μ√«® Õ∫‰¥â Õ∫∑“π ‡æ◊ËÕπ”‡ πÕμàÕ§≥–°√√¡°“√¢Õß∫√‘…—∑„Àâæ‘®“√≥“Õπÿ¡—μ‘ ·≈–„™âªØ‘∫—μ‘ ”À√—∫°√√¡°“√ ºŸâ∫√‘°“√ ·≈–æπ—°ß“π∑ÿ°√–¥—∫¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬μàÕ‰ª √–‡∫’¬∫¢âÕ∫—ß§—∫„π°“√π”¢âÕ¡Ÿ≈¿“¬„π¢Õß∫√‘…—∑‰ª„™â 1. °√√¡°“√ ºŸâ∫√‘À“√ æπ—°ß“π ·≈–≈Ÿ°®â“ß¢Õß∫√‘…—∑®–μâÕß√—°…“§«“¡≈—∫ ·≈–/À√◊Õ ¢âÕ¡Ÿ≈¿“¬„π¢Õß∫√‘…—∑ 2. °√√¡°“√ ºŸâ∫√‘À“√ æπ—°ß“π ·≈–≈Ÿ°®â“ß¢Õß∫√‘…—∑®–μâÕß‰¡àπ”§«“¡≈—∫ ·≈–/À√◊Õ ¢âÕ¡Ÿ≈¿“¬„π¢Õß∫√‘…—∑‰ª‡ªî¥‡º¬ À√◊Õ· «ßÀ“º≈ª√–‚¬™πå·°àμπ‡ÕßÀ√◊Õ‡æ◊ËÕª√–‚¬™πå·°à∫ÿ§§≈Õ◊Ëπ„¥‰¡à«à“‚¥¬∑“ßμ√ßÀ√◊Õ∑“ßÕâÕ¡ ·≈–‰¡à«à“®–‰¥â√—∫º≈μÕ∫·∑πÀ√◊Õ‰¡à°Áμ“¡ 3. °√√¡°“√ ºŸâ∫√‘À“√ æπ—°ß“π ·≈–≈Ÿ°®â“ß¢Õß∫√‘…—∑®–μâÕß‰¡à∑”°“√´◊ÈÕ¢“¬ ‚ÕπÀ√◊Õ√—∫‚Õπ À≈—°∑√—æ¬å¢Õß∫√‘…—∑‚¥¬„™â§«“¡≈—∫·≈–/À√◊Õ ¢âÕ¡Ÿ≈¿“¬„π∫√‘…—∑ ·≈–/À√◊Õ‡¢â“∑”π‘μ‘°√√¡Õ◊Ëπ„¥‚¥¬„™â§«“¡≈—∫·≈–/À√◊Õ¢âÕ¡Ÿ≈¿“¬„π¢Õß∫√‘…—∑ Õ—πÕ“®°àÕ„Àâ‡°‘¥§«“¡‡ ’¬À“¬μàÕ∫√‘…—∑ ‰¡à«à“‚¥¬∑“ßμ√ßÀ√◊Õ∑“ßÕâÕ¡ ¢âÕ°”Àπ¥π’È„Àâ√«¡§«“¡∂÷ß§Ÿà ¡√ ·≈–∫ÿμ√∑’Ë¬—ß‰¡à∫√√≈ÿπ‘μ‘¿“«–¢Õß°√√¡°“√ ºŸâ∫√‘À“√ æπ—°ß“π ·≈–≈Ÿ°®â“ß¢Õß∫√‘…—∑¥â«¬ ºŸâ„¥∑’ËΩÉ“Ωóπ√–‡∫’¬∫¢âÕ∫—ß§—∫¥—ß°≈à“«®–∂◊Õ«à“‰¥â°√–∑”º‘¥Õ¬à“ß√â“¬·√ß

However, company is now on the way of making the policy above into corporate governance manual. This will present to the audit committee to review and will present to the board of directors for approval and this will comply to directors, managment and every employee level in the company and subsidiary company. Regulation for Internal Information Usage 1. Directors, managment, staff and employee of company must keep internal information as secret. 2. Directors, managment, staff and employee of company must not reveal secret or any internal information or seek for their own benefit or any person benefit no matter directly or indirectly, no matter will receive or not receive any benefit. 3. Directors, managment, staff and employee in the company must not buy, transfer or receive transfer asset by using secret and/or internal information and/or any juristic act by using secret and/or internal information that may cause damage for company, no matter directly or indirectly and no matter will receive or not receive any benefit.


A n n u a l R e p o r t 2 0 0 7

26 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π∑’Ë ”§—≠

∑’Ë¡“ : ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑

Àπà«¬ : ≈â“π∫“∑

2550 2549 2548 2547 2546

º≈°“√¥”‡π‘πß“π·≈–∞“π–°“√‡ß‘π

√“¬‰¥â√«¡ 5,768.42 5,061.36 5,543.05 5,249.70 3,234.91

°”‰√¢—Èπμâπ 615.89 487.04 662.17 717.92 560.86

°”‰√ ÿ∑∏‘ 79.61 22.74 119.59 84.73 64.12

‘π∑√—æ¬å√«¡ 1,550.72 1,412.92 1,151.37 1,394.47 903.63

Àπ’È ‘π√«¡ 1,185.79 1,087.10 793.53 1,111.21 667.60

à«π¢ÕßºŸâ∂◊ÕÀÿâπ 364.93 325.82 357.84 283.26 236.03

Õ—μ√“ à«π∑“ß°“√‡ß‘π∑’Ë ”§—≠ (Key Financial Ratio)

Õ—μ√“°”‰√ ÿ∑∏‘μàÕ√“¬‰¥â√«¡ 1.38% 0.45% 2.16% 1.61% 1.98%

Õ—μ√“º≈μÕ∫·∑πμàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ (ROE) 21.82% 6.98% 33.42% 29.91% 27.17%

Õ—μ√“º≈μÕ∫·∑πμàÕ ‘π∑√—æ¬å√«¡ (ROA) 5.13% 1.61% 10.39% 6.08% 7.10%

°”‰√μàÕÀÿâπ¢—Èπμâπæ◊Èπ∞“π (∫“∑μàÕÀÿâπ) (Earning per share) 0.35 0.12 0.80 0.56 2.14

∑’Ë¡“ : ß∫°“√‡ß‘π√«¡ (Consolidate F/S)

Àπà«¬ : ≈â“π∫“∑

2550 2549 2548 2547 2546

º≈°“√¥”‡π‘πß“π·≈–∞“π–°“√‡ß‘π

√“¬‰¥â√«¡ 5,897.58 5,191.98 5,629.29 5,426.28 3,585.69

°”‰√¢—Èπμâπ 639.17 547.59 691.96 757.11 589.87

°”‰√ ÿ∑∏‘ 66.51 39.38 119.59 84.73 64.12

‘π∑√—æ¬å√«¡ 1,603.83 1,505.74 1,160.12 1,409.16 898.87

Àπ’È ‘π√«¡ 1,203.09 1,131.01 802.28 1,125.91 662.85

à«π¢ÕßºŸâ∂◊ÕÀÿâπ 400.74 374.73 357.84 283.25 236.02

Õ—μ√“ à«π∑“ß°“√‡ß‘π∑’Ë ”§—≠ (Key Financial Ratio)

Õ—μ√“°”‰√ ÿ∑∏‘μàÕ√“¬‰¥â√«¡ 1.13% 0.76% 2.12% 1.56% 1.79%

Õ—μ√“º≈μÕ∫·∑πμàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ (ROE) 16.60% 10.51% 33.42% 29.91% 27.17%

Õ—μ√“º≈μÕ∫·∑πμàÕ ‘π∑√—æ¬å√«¡ (ROA) 4.15% 2.62% 10.31% 6.01% 7.13%

°”‰√μàÕÀÿâπ¢—Èπμâπæ◊Èπ∞“π (∫“∑μàÕÀÿâπ) (Earning per share) 0.30 0.21 0.80 0.56 2.14

À¡“¬‡Àμÿ ROE : Return On Equity ROA : Return On Assets


A n n u a l R e p o r t 2 0 0 7

Financial Highlight

Sources : Company Financial Statement

Unit : Million Baht

2007 2006 2005 2004 2003

Operating Results and Financial status

Total Revenue 5,768.42 5,061.36 5,543.05 5,249.70 3,234.91

Gross Profit 615.89 487.04 662.17 717.92 560.86

Net Profit 79.61 22.74 119.59 84.73 64.12

Total Assets 1,550.72 1,412.92 1,151.37 1,394.47 903.63

Total Liabilities 1,185.79 1,087.10 793.53 1,111.21 667.60

Shareholdersû Equity 364.93 325.82 357.84 283.26 236.03

Key Financial Ratio

Net Profit Margin 1.38% 0.45% 2.16% 1.61% 1.98%

Return on Equity (ROE) 21.82% 6.98% 33.42% 29.91% 27.17%

Return on Assets (ROA) 5.13% 1.61% 10.39% 6.08% 7.10%

Basic Earning per share 0.35 0.12 0.80 0.56 2.14

Sources : Consolidate Financial Statement

Unit : Million Baht

2007 2006 2005 2004 2003

Operating Results and Financial Status

Total Revenue 5,897.58 5,191.98 5,629.29 5,426.28 3,585.69

Gross Profit 639.17 547.59 691.96 757.11 589.87

Net Profit 66.51 39.38 119.59 84.73 64.12

Total Assets 1,603.83 1,505.74 1,160.12 1,409.16 898.87

Total Liabilities 1,203.09 1,131.01 802.28 1,125.91 662.85

Shareholdersû Equity 400.74 374.73 357.84 283.25 236.02

Key Financial Ratio

Net Profit Margin 1.13% 0.76% 2.12% 1.56% 1.79%

Return on Equity (ROE) 16.60% 10.51% 33.42% 29.91% 27.17%

Return on Assets (ROA) 4.15% 2.62% 10.31% 6.01% 7.13%

Basic Earning per share 0.30 0.21 0.80 0.56 2.14

À¡“¬‡Àμÿ ROE : Return On Equity

ROA : Return On Assets

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A n n u a l R e p o r t 2 0 0 7

Operating Result Analysis

Overall past business performance The company was a distributor of the ICT goods in both wholesale and retail. The company specific on mobile phone and accessory of all main brands such as Nokia, Motorola, Sony-Ericsson and Samsung. The company was established to be an official distributor of Motorola and Sony-Ericsson mobile phone and is the premier mobile phone distributor of, Nokia, Samsung and mobile system facilitator such as GSM, DTAC, GSM1800, True etc. The company sells products through various channels. On 31 December 2007, the company had at least 197 spots which cover Bangkok area and surrounding including the main province such as Chiang Mai, Khon Kan, Song Kla and Phuket etc. Besides, company has expanded the business to any related service such as IT Junction. The company manages rental space to be retail area and let the retailer rent for selling the mobile phone. The company has expanded business to another retail developing area which focused on mobile phone and technology. Now company develops retail area near Navanakorn Industrial Zone, Phatumthani, which has more than 7,400 square metre under shopping center called J-venue. Apart from company own operation, company has operated through a subsidiary company which is J.M.T Network Services Co., Ltd. This company operation is to offer service in debt collection, buying debt, provide law service and in delivering document and parcel service under the brand name Mr. Speed. Company Operation Result and subsidiary company operation result conclude as follow ë Revenues Total revenues of company have increased from Baht 5,191.98 million in 2006 to Baht 5,897.58 million in 2007, growth rate 13.59 percent. The causes of increasing are from the list below. 1. Revenue from sales which is the main income from selling mobile phone, sim card, pre-paid card and accessories which increased from Baht 4,848.56 million in 2006 to Baht 5,414.79 million in 2007 or increasing Baht 566.23 million, or 11.68 percent. This is from expanding the branch for other retail customer. 2. Services income from debt collection and other services increased from Baht 145.04 millio in 2006 to Baht 164.09 million in 2007 or increasing Baht 19.05 million or 13.13%, it is a proportion from bidding from credit service companies at discounted values for debt collection between buying NPL to manage and collect. 3. Rental income from rent out the space in the form of managing space in shopping center or in the form of Stand Alone which increase from Baht 117.40 million in 2006 to Baht 128.15 million in 2550 or which increase Baht 10.75 million, or 9.15 percent, from the renting fee information from J-venue project that operated in 2007 4. Revenues from sales promotion and incentive, which was from mobile phone supplier in many form no matter it would be activity support and other compensation which increased from Baht 52.41 million in 2006 to Baht 150.28 million in 2007 or increased Baht 97.87 million, growth rate 86.72 percent, For other incomes, increased from Baht 28.57 million in 2006 to Baht 40.28 million in 2007 or increased Baht 11.71 million, growth rate 41.02 percent. ë Cost of Sales and Services In 2007 and 2006, company had cost of sales and services Baht 5,258.41 million and Baht 4,644.38 million in turn which cost of sales and services had been increased. Inline of increased revenue for the proportion ratio of selling cost and revenues of direct sales was increased from 92.78 percent of 2006 selling incomes into, 93.72 percent for 2007. The cost of sales and services comprised of mobile phone set cost and accessories which bought from mobile phone manufacturer or agent both of domestic and international, moreover it has rental space cost of services and rental from managing retail space business, cost from buying debt and hiring debt collector cost in debt collection business and managing debt.

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√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

ë §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ „πªï 2550 ·≈–ªï 2549 ∫√‘…—∑¡’§à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ 489.60 ≈â“π∫“∑ ·≈– 446.65 ≈â“π∫“∑ μ“¡≈”¥—∫ ‡æ‘Ë¡¢÷Èπ 42.95 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 9.62 ‡¡◊ËÕ‡∑’¬∫°—∫ªï°àÕπ “‡ÀμÿÀ≈—°‡°‘¥®“° §à“„™â®à“¬‡°’Ë¬«°—∫ºŸâ∫√‘À“√·≈–æπ—°ß“π §à“‡™à“·≈–§à“∫√‘°“√ ”À√—∫æ◊Èπ∑’Ë “¢“¢Õß∫√‘…—∑ §à“π“¬Àπâ“æπ—°ß“π ·≈–§à“„™â®à“¬ àß‡ √‘¡°“√¢“¬‡æ‘Ë¡¢÷Èπ ´÷Ëß‡ªìπº≈®“°°“√¢¬“¬∏ÿ√°‘®¢Õß∫√‘…—∑ ë °”‰√ ÿ∑∏‘ „πªï 2550 ∫√‘…—∑¡’°”‰√¢—Èπμâπ 639.17 ≈â“π∫“∑ ·≈–„πªï 2549 ¡’°”‰√¢—Èπμâπ 547.60 ≈â“π∫“∑ ‚¥¬‡æ‘Ë¡¢÷Èπ„πÕ—μ√“√âÕ¬≈– 16.72 ‚¥¬∫√‘…—∑¡’Õ—μ√“ à«π°”‰√¢—ÈπμâπμàÕ√“¬‰¥â√«¡„°≈â‡§’¬ß°—∫ªï∑’Ëºà“π¡“° ®“°√âÕ¬≈–10.55 „πªï 2549 ‡ªìπ√âÕ¬≈– 10.84 „πªï 2550 ∑—Èßπ’È‡π◊ËÕß¡“®“°°“√‡æ‘Ë¡¢÷Èπ¢Õß√“¬‰¥â®“°°“√¢“¬ ‘π§â“ „π à«π¢Õß°”‰√®“°°“√¥”‡π‘πß“π „πªï 2550 ·≈– ªï 2549 ∫√‘…—∑¡’°”‰√®“°°“√¥”‡π‘πß“π°àÕπ¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â 149.57 ≈â“π∫“∑ ·≈– 100.95 ≈â“π∫“∑μ“¡≈”¥—∫ ‚¥¬‡æ‘Ë¡¢÷Èπ„πÕ—μ√“√âÕ¬≈– 48.16 „πªï 2550 ·≈– ªï 2549 ∫√‘…—∑¡’°”‰√ ÿ∑∏‘ 66.51 ≈â“π∫“∑ ·≈– 39.38 ≈â“π∫“∑μ“¡≈”¥—∫ ‚¥¬‡æ‘Ë¡¢÷Èπ„πÕ—μ√“√âÕ¬≈– 68.88 §‘¥‡ªìπ°”‰√μàÕÀÿâπ∑’Ë 0.30 ·≈– 0.21 ∫“∑μàÕÀÿâπ ∞“π–∑“ß°“√‡ß‘π

ë ‘π∑√—æ¬å ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ∫√‘…—∑¡’ ‘π∑√—æ¬å√«¡ 1,603.83 ≈â“π∫“∑ ·∫àß‡ªìπ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π 1,093.69 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 68.19 ¢Õß ‘π∑√—æ¬å√«¡ ·≈– ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π 510.14 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 31.81 ¢Õß ‘π∑√—æ¬å√«¡ ‡¡◊ËÕ‡∑’¬∫°—∫ ≥ ‘Èπªï 2549 ∫√‘…—∑¡’ ‘π∑√—æ¬å√«¡‡æ‘Ë¡¢÷Èπ 98.09 ≈â“π∫“∑ À√◊Õ√âÕ¬≈– 6.51 ‚¥¬ à«π„À≠à‡ªìπ°“√‡æ‘Ë¡¢÷Èπ¢Õß ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π®”π«π 173.03 ≈â“π∫“∑ „π¢≥–∑’Ë ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π≈¥≈ß 74.94 ≈â“π∫“∑ ‚¥¬¡’°“√‡ª≈’Ë¬π·ª≈ß¢Õß ‘π∑√—æ¬å∑’Ë‡ªìπ “√– ”§—≠„πªï 2550 ¥—ßπ’È ≈Ÿ°Àπ’È°“√§â“- ÿ∑∏‘ ‡∑à“°—∫ 179.65 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 11.20 ¢Õß ‘π∑√—æ¬å√«¡ ‡æ‘Ë¡¢÷Èπ®“°ªï°àÕπ 17.56 ≈â“π∫“∑ ‚¥¬‡æ‘Ë¡¢÷Èπμ“¡¬Õ¥¢“¬∑’Ë‡æ‘Ë¡¢÷Èπ ‚¥¬„π¥â“π§ÿ≥¿“æ¢Õß≈Ÿ°Àπ’È°“√§â“ ∫√‘…—∑¡’≈Ÿ°Àπ’È∑’Ë¬—ß‰¡à§√∫°”Àπ¥·≈–§â“ß™”√–‰¡à‡°‘π 30 «—π §‘¥‡ªìπ√âÕ¬≈– 96.76 ¢Õß≈Ÿ°Àπ’È°“√§â“∑—ÈßÀ¡¥ ·≈–≈Ÿ°Àπ’È§â“ß™”√–‡°‘π 30 «—π ‡æ’¬ß√âÕ¬≈– 3.24 ‡∑à“π—Èπ ‘π§â“§ß‡À≈◊Õ- ÿ∑∏‘ ‡∑à“°—∫ 697.02 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 43.46 ¢Õß ‘π∑√—æ¬å√«¡ ‡æ‘Ë¡¢÷Èπ®“°ªï°àÕπ 124.64 ≈â“π∫“∑ ‡π◊ËÕß®“° ∫√‘…—∑‰¥â —Ëß´◊ÈÕ ‘π§â“‡æ‘Ë¡¢÷Èπ„π™à«ßª≈“¬ªï 2550 ‡æ◊ËÕ√Õß√—∫°“√¢“¬∑’Ë®–‡æ‘Ë¡¢÷Èπ„π™à«ßª≈“¬ªï ®÷ß¡’§«“¡®”‡ªìπ∑’Ë®–μâÕß‡°Á∫ ‘π§â“„πª√‘¡“≥∑’Ë‡æ’¬ßæÕ·°à°“√®”Àπà“¬Õ¬à“ßμàÕ‡π◊ËÕß Õ¬à“ß‰√°Áμ“¡∫√‘…—∑„Àâ§«“¡ ”§—≠°—∫°“√®—¥°“√ ‘π§â“§ß‡À≈◊Õ„ÀâÕ¬Ÿà„π√–¥—∫‡À¡“– ¡‡æ◊ËÕ≈¥§«“¡‡ ’Ë¬ß®“°°“√¥âÕ¬§à“¢Õß ‘π§â“ ‚¥¬ ≥ ‘Èπªï 2550 π—Èπ ∫√‘…—∑¡’√–¬–‡«≈“¢“¬ ‘π§â“‡©≈’Ë¬ 43 «—π ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â ‡∑à“°—∫ 276.89 ≈â“π∫“∑ §‘¥‡ªìπ√âÕ¬≈– 17.26 ¢Õß ‘π∑√—æ¬å√«¡ ≈¥≈ß®“°ªï°àÕπ 58.95 ≈â“π∫“∑ μ“¡¬Õ¥‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π∑’Ë≈¥≈ß ‡π◊ËÕß®“°∫√‘…—∑¡’‡ß‘πΩ“°ª√–®”∑’Ë«“ß‰«â°—∫∏π“§“√‡æ◊ËÕ‡ªìπÀ≈—°ª√–°—π«ß‡ß‘π‡∫‘°‡°‘π∫—≠™’ ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π ë Àπ’È ‘π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ∫√‘…—∑¡’Àπ’È ‘π√«¡ 1,203.08 ≈â“π∫“∑ ‡¡◊ËÕ‡∑’¬∫°—∫ ≥ ‘Èπªï 2549 ·≈â« ‡æ‘Ë¡¢÷Èπ 72.07 ≈â“π∫“∑ À√◊Õ √âÕ¬≈– 6.37 ‚¥¬‡ªìπ°“√‡æ‘Ë¡¢÷Èπ¢ÕßÀπ’È ‘πÀ¡ÿπ‡«’¬π 75.77 ≈â“π∫“∑ „π¢≥–∑’ËÀπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π≈¥≈ß 3.70 ≈â“π∫“∑ ‚¥¬¡’°“√‡ª≈’Ë¬π·ª≈ß¢ÕßÀπ’È ‘π∑’Ë‡ªìπ “√– ”§—≠„πªï 2550 ¥—ßπ’È ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π ‡∑à“°—∫ 781.99 ≈â“π∫“∑ ≈¥≈ß 59.41 ≈â“π∫“∑ ´÷Ëß‡°‘¥®“°°“√‰¥â√—∫‡§√¥‘μ∑“ß°“√§â“®“°ºŸâº≈‘μ·≈–ºŸâ·∑π®”Àπà“¬‚∑√»—æ∑å‡§≈◊ËÕπ∑’Ë‡æ‘Ë¡¢÷Èπ ‡®â“Àπ’È°“√§â“ ‡∑à“°—∫ 309.06 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 117.51 ≈â“π∫“∑ ‡π◊ËÕß®“°‰¥â‡§√¥‘μ∑“ß°“√§â“¥’¢÷Èπ®“°°“√‡ªìπμ—«·∑π®”Àπà“¬ ®“°‡¥‘¡∑’Ë‡§¬„™â√–∫∫‡ß‘π ¥∑—ÈßÀ¡¥ ¿“æ§≈àÕß ”À√—∫„π ªï 2550 ∫√‘…—∑¡’√“¬°“√‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥≈¥≈ß ÿ∑∏‘ 4.04 ≈â“π∫“∑ ‚¥¬·¬°‡ªìπ√“¬≈–‡Õ’¬¥°√–· ‡ß‘π ¥·μà≈–°‘®°√√¡¥—ßπ’È ªï 2550 ªï 2549 °√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π 76.46 (85.71) °√–· ‡ß‘π ¥®“°°‘®°√√¡≈ß∑ÿπ 26.01 (47.73) °√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π (106.51) 157.54 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ÿ∑∏‘ (4.04) 24.10


A n n u a l R e p o r t 2 0 0 7

ë Selling and administrative expenses. In 2007 and 2006, the company has sales and operation cost Baht 489.60 million and Baht 446.65 million in turn, increased Baht 42.95 million, equal to 9.62 percent compare to last year. The main causes were from management and staff expenses, rent fee and service charge for branch area, employee brokerage and promotion cost which resulting from business. ë Net Profit In 2007, the company had gross profit Baht 639.17 million in 2006 and Baht 547.60 million which increase 16.72 percent. The ratio of gross profit margin was closed to last year from 10.55 percent in 2006 to 10.84 percent in 2007. This is from the increase of sales revenue. In the part of operation profit in 2007 and 2006 company had earned income before interest expense and income tax Baht 149.57 million and Baht 100.95 million in turn, growth rate 48.16 percent. In 2007 and 2006, the company had net profit after income tax Baht 66.51 million and Baht 39.38 million in turn, equal to 68.88 percent, earning per share Baht 0.30 and Baht 0.21 per share. Financial Status ë Assets As of 31 December 2007, company had total assets was Baht 1,603.83 million which divided to be current assets Baht 1,093.69 million, or 68.19 percent from total asset and current turn over assets Baht 510.14 million, 31.81 percent from total assets compare to end of 2006 year, the company had net assets increase Baht 98.09 million or 6.51 percent. Most of it is from increasing of current assets Baht 173.03 million. While non-current assets decreased Baht 74.94 million. The changing of asset in 2007 as follows: Net trade accounts receivable equal to Baht 179.65 million, 11.20 percent from total assets, increase from last year Baht 17.56 million which from the increase of sales revenues. The quality of accounts receivable, company has premature debtor and overdued debtor less than 30 days, 96.76 percent of total trade accounts receivable and less than 30 days debtor, 3.24 percent. Net inventories equal to Baht 697.02 million, 43.46 percent from total asset, increase from last year Baht 124.64 million. Which resulting from increasing more order of goods in end of 2007 to support increase of sales volumn at end of year, it is very necessary that company must have adequate goods for selling continuously. However, company emphasizes inventory stock to be on suitable level and to reduce the risk from devalued of the goods. At the end of 2007, the company had average sales period 43 days. Restricted deposits with financial institutionû equal Baht 276.85 million, 17.26 percent from net assets, reduce from last year Baht 58.95 million from short term loans from the financial institutions that decrease. The company had fixed deposits in bank to be a guarantee in overdue the short term loans from financial institutions. ë Liabilities As of 31 December 2007, company had total liabilities Baht 1,203.08 million compare to 2006, it increased Baht 72.07 million or 6.37 percent which is from the increase of current liabilities Baht 75.77 million. While the non-current liabilities decrease Baht 3.70 million which the change of liabilities in 2007 as follow. Bank overdraftts and shert-term loans from financial institutions equal Baht 781.99 million decreased Baht 59.41 million which was from the fraud credit that receive more from mobile phone manufacturer and mobile phone agent. Trade account payable equal Baht 309.06 million increase Baht 117.51 million which was accepted better credit in trading from being distributor agent instead of using cash system as before. Liquidity For 2007, the company had cash and cash equivalents, decreased 4.04 million Baht. The detail of each activities cash flow follows below.

32 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

°√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π „πªï 2550 ∫√‘…—∑¡’°√–· ‡ß‘π ¥√—∫®“°°‘®°√√¡°“√¥”‡π‘πß“π 76.46 ≈â“π∫“∑ ´÷Ëß‡°‘¥®“°°“√‡æ‘Ë¡¢÷Èπ¢Õß ‘π§â“§ß‡À≈◊Õ·≈–‡®â“Àπ’È°“√§â“ ”À√—∫ªï 2549 ∫√‘…—∑¡’°√–· ‡ß‘π ¥®à“¬®“°°‘®°√√¡°“√¥”‡π‘πß“π 85.71 ≈â“π∫“∑ “‡Àμÿ‡°‘¥®“°°“√‡æ‘Ë¡¢÷Èπ¢Õß ‘π§â“§ß‡À≈◊Õ·≈–‡®â“Àπ’È°“√§â“‡™àπ‡¥’¬«°—π °√–· ‡ß‘π ¥®“°°‘®°√√¡≈ß∑ÿπ „πªï 2550 ∫√‘…—∑¡’°√–· ‡ß‘π√—∫®“°°‘®°√√¡°“√≈ß∑ÿπ 26.01 ≈â“π∫“∑ ´÷Ëß‡°‘¥®“°‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â≈¥≈ß „π¢≥–∑’Ëªï 2549 ∫√‘…—∑¡’°√–· ‡ß‘π ¥®à“¬®“°°‘®°√√¡°“√≈ß∑ÿπ 47.73 ≈â“π∫“∑ ‡°‘¥®“°∫√‘…—∑¡’°“√≈ß∑ÿπ¥â“πÕÿª°√≥å·≈– ‘∑∏‘°“√‡™à“‡æ‘Ë¡¢÷Èπ °√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π „πªï 2550 ∫√‘…—∑¡’°√–· ‡ß‘π ¥®à“¬®“°°‘®°√√¡®—¥À“‡ß‘π 106.51 ≈â“π∫“∑ ´÷Ëß “‡ÀμÿÀ≈—°‡°‘¥®“°°“√®à“¬§◊π‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π·≈–°“√®à“¬‡ß‘πªíπº≈ „π¢≥–∑’Ëªï 2549 ∫√‘…—∑¡’°√–· ‡ß‘π ¥√—∫®“°°‘®°√√¡®—¥À“‡ß‘π 157.54 ≈â“π∫“∑ ®“°°“√°Ÿâ¬◊¡‡ß‘π√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π‡æ‘Ë¡¢÷Èπ ·≈–¡’°“√‡æ‘Ë¡∑ÿπ∫√‘…—∑ ¥â“πÕ—μ√“ à«π ¿“æ§≈àÕß¢Õß∫√‘…—∑ ‡∑à“°—∫ 0.94 ‡∑à“ „πªï 2550 ‡∑’¬∫°—∫ 0.85 ‡∑à“„πªï 2549 ∫√‘…—∑¡’Õ—μ√“ à«π ¿“æ§≈àÕß‡æ‘Ë¡¢÷Èπ ‚¥¬∫√‘…—∑¡’ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π‡æ‘Ë¡¢÷Èπ∑—Èß„π à«π ‘π§â“§ß‡À≈◊Õ ·≈–≈Ÿ°Àπ’È°“√§â“ „π¢≥–‡¥’¬«°—π∫√‘…—∑¡’‡®â“Àπ’È°“√§â“‡æ‘Ë¡¢÷Èπ ·À≈àß∑’Ë¡“¢Õß‡ß‘π∑ÿπ ·À≈àß‡ß‘π∑ÿπ∑’Ë ”§—≠¢Õß∫√‘…—∑ª√–°Õ∫¥â«¬ ‡ß‘π∑ÿπ®“°ºŸâ∂◊ÕÀÿâπ·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π ‚¥¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ∫√‘…—∑¡’ à«π¢ÕßºŸâ∂◊ÕÀÿâπ√«¡ 400.74 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®“°ªï 2549 ‡∑à“°—∫ 26.01 ≈â“π∫“∑ À√◊Õ√âÕ¬≈– 6.94 ‚¥¬‡ªìπ°“√‡æ‘Ë¡¢÷Èπ¢Õß°”‰√ – ¡∑’Ë¬—ß‰¡à‰¥â®—¥ √√ 23.51 ≈â“π∫“∑ ·≈– ”√Õßμ“¡°ÆÀ¡“¬ 2.5 ≈â“π∫“∑ ∑—Èßπ’È„π√–À«à“ßªï 2550 ∫√‘…—∑‰¥â¡’°“√®à“¬‡ß‘πªíπº≈„Àâ·°àºŸâ∂◊ÕÀÿâπ 2 §√—Èß √«¡®”π«π‡ß‘π 40.50 ≈â“π∫“∑ ‚¥¬·∫àß‡ªìπ°“√®à“¬‡ß‘πªíπº≈ ”À√—∫º≈ª√–°Õ∫°“√ªï 2549 ®”π«π 20.25 ≈â“π∫“∑ ·≈–®à“¬‡ß‘πªíπº≈√–À«à“ß°“≈®“°º≈ª√–°Õ∫°“√„π√Õ∫ªï 2550 ®”π«π 20.25 ≈â“π∫“∑ „π à«π¢Õß‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π ≥ 31 ∏—π«“§¡ 2550 ‡∑à“°—∫ 781.99 ≈â“π∫“∑ ≈¥≈ß®“°ªï°àÕπ 59.41 ≈â“π∫“∑ À√◊Õ√âÕ¬≈– 7.06


A n n u a l R e p o r t 2 0 0 7

2007 2006 Cash flows from operating activities 76.46 (85.71) Cash flows from investing activities 26.01 (47.73) Cash flows from financing activities (106.51) 157.54 Net increase (decrease) in cash and cash equivalents (4.04) 24.10 Cash flows from operating activities In 2007, the company had cash flow from operating activities Baht 76.46 million resulting from increasing inventories and trade accounts payable. For 2006 company has cash flow from operating activities Baht 85.71 million and resulting from increasing inventories and trade accounts payable too. Cash flows from investing activities In 2007, the company had cash flow from investing activities Baht 26.01 million which was from increase of in restricted deposits with cash paid for leasehold rights. While 2006, the company had cash flow from investing activities Baht 47.73 million which was because the company had purchased of fixed assets and leasehold rights. Cash flow from financing activities In 2007, the company used in cash flow from financing activities Baht 106.51 million, the main cause was from the repayments of bank overdraft and short-term loans from financial institutions paymant for cash dividend. While in 2006, company had cash flow from Financing activities Baht 157.54 million which was from increasing short-term loans and share capital. The liquidity ratio equaled to 0.94 time in 2007 and 0.85 time in 2006. The company had more liquidity ratio. The company had more current asset, both inventories and accounts receivable. Meanwhile, the company had more trade accounts payable. Source of fund The main source of fund for the company consisted of shareholdersû equity and short-term loans from financial institutions. On the date 31 December 2007, the company had total shareholdersû equity Baht 400.74 million, increased from 2006 equal Baht 26.01 million or 6.94 percent. The increase of unappropriated retained earnings Baht 23.51 million and legal reserve money Baht 2.5 million. Between 2007, the company paid dividend to shareholders twice, total amount Baht 40.50 million which divided by the dividend payment for operating result in 2006 Baht 20.25 million and dividend payment during the operating result in 2007 Baht 20.25 million. In the part of short-term loan from financial institutions on 31 December 2007 equal Baht 781.99 million, decreased from last year Baht 59.41 million, 7.06 percent

34 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

√“¬ß“π§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√∫√‘…—∑μàÕ√“¬ß“π∑“ß°“√‡ß‘π

ß∫°“√‡ß‘π¢Õß ∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–ß∫°“√‡ß‘π√«¡¢Õß ∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ‰¥â®—¥∑”¢÷Èπ¿“¬„μâπ‚¬∫“¬¢Õß§≥–°√√¡°“√∫√‘…—∑´÷Ëß°”Àπ¥„ÀâªØ‘∫—μ‘ μ“¡¡“μ√∞“π°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ‚¥¬‡≈◊Õ°„™âπ‚¬∫“¬∫—≠™’∑’Ë‡À¡“– ¡·≈–∂◊ÕªØ‘∫—μ‘Õ¬à“ß ¡Ë”‡ ¡Õ ·≈–„™â¥ÿ≈¬æ‘π‘®Õ¬à“ß√–¡—¥√–«—ß ·≈–ª√–¡“≥°“√∑’Ë¥’∑’Ë ÿ¥„π°“√®—¥∑” √«¡∑—Èß„Àâ¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈∑’Ë ”§—≠Õ¬à“ß‡æ’¬ßæÕ„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π ‡æ◊ËÕ„Àâ‡ªìπª√–‚¬™πåμàÕºŸâ∂◊ÕÀÿâπ·≈–π—°≈ß∑ÿπ∑—Ë«‰ªÕ¬à“ß‚ª√àß„ §≥–°√√¡°“√∫√‘…—∑‰¥â®—¥„Àâ¡’√–∫∫∫√‘À“√§«“¡‡ ’Ë¬ß ·≈–„Àâ¡’°“√¥”√ß√—°…“‰«â´÷Ëß√–∫∫§«∫§ÿ¡¿“¬„π∑’Ë‡À¡“– ¡·≈–¡’ª√– ‘∑∏‘º≈ ‡æ◊ËÕ„Àâ¡—Ëπ„®‰¥âÕ¬à“ß¡’‡Àμÿº≈«à“¢âÕ¡Ÿ≈∑“ß∫—≠™’¡’§«“¡∂Ÿ°μâÕß §√∫∂â«π ·≈–‡æ’¬ßæÕ∑’Ë®–¥”√ß√—°…“‰«â´÷Ëß∑√—æ¬å ‘π μ≈Õ¥®π‡æ◊ËÕ‰¡à„Àâ‡°‘¥°“√∑ÿ®√‘μÀ√◊Õ°“√¥”‡π‘π°“√∑’Ëº‘¥ª°μ‘Õ¬à“ß¡’ “√– ”§—≠ „π°“√π’È§≥–°√√¡°“√∫√‘…—∑‰¥â·μàßμ—Èß§≥–°√√¡°“√μ√«® Õ∫ ‡æ◊ËÕ∑”Àπâ“∑’Ë Õ∫∑“ππ‚¬∫“¬°“√∫—≠™’·≈–§ÿ≥¿“æ¢Õß√“¬ß“π∑“ß°“√‡ß‘π Õ∫∑“π√–∫∫°“√§«∫§ÿ¡¿“¬„π °“√μ√«® Õ∫¿“¬„π √–∫∫°“√∫√‘À“√§«“¡‡ ’Ë¬ß μ≈Õ¥®πæ‘®“√≥“°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈√“¬°“√√–À«à“ß°—π ‚¥¬§«“¡‡ÀÁπ¢Õß§≥–°√√¡°“√μ√«® Õ∫‡°’Ë¬«°—∫‡√◊ËÕßπ’Èª√“°Æ„π√“¬ß“π¢Õß§≥–°√√¡°“√μ√«® Õ∫´÷Ëß· ¥ß‰«â„π√“¬ß“πª√–®”ªï·≈â« ß∫°“√‡ß‘π¢Õß∫√‘…—∑ ·≈–ß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‰¥â√—∫°“√μ√«® Õ∫‚¥¬ºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑ §◊Õ ∫√‘…—∑ ·°√π∑å ∏Õπμ—π ®”°—¥ „π°“√μ√«® Õ∫π—Èπ∑“ß§≥–°√√¡°“√∫√‘…—∑‰¥â π—∫ πÿπ¢âÕ¡Ÿ≈·≈–‡Õ° “√μà“ßÊ ‡æ◊ËÕ„ÀâºŸâ Õ∫∫—≠™’ “¡“√∂μ√«® Õ∫·≈–· ¥ß§«“¡‡ÀÁπ‰¥âμ“¡¡“μ√∞“π°“√ Õ∫∫—≠™’ ‚¥¬§«“¡‡ÀÁπ¢ÕßºŸâ Õ∫∫—≠™’‰¥âª√“°Æ„π√“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’´÷Ëß· ¥ß‰«â„π√“¬ß“πª√–®”ªï·≈â« §≥–°√√¡°“√¡’§«“¡‡ÀÁπ«à“√–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑‚¥¬√«¡Õ¬Ÿà„π√–¥—∫∑’Ëπà“æÕ„® ·≈– “¡“√∂ √â“ß§«“¡‡™◊ËÕ¡—ËπÕ¬à“ß ¡’‡Àμÿº≈‰¥â«à“ß∫°“√‡ß‘π¢Õß ∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–ß∫°“√‡ß‘π√«¡¢Õß ∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ¡’§«“¡πà“‡™◊ËÕ∂◊Õ‰¥â ‚¥¬∂◊ÕªØ‘∫—μ‘μ“¡¡“μ√∞“π°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª·≈–ªØ‘∫—μ‘∂Ÿ°μâÕßμ“¡°ÆÀ¡“¬·≈–°Æ√–‡∫’¬∫∑’Ë‡°’Ë¬«¢âÕß (π“¬Õ¥‘»—°¥‘Ï ÿ¢ÿ¡«‘∑¬“) ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√ (π“¬æ‘»≥ÿ æß…åÕ—™¨“) ª√–∏“π°√√¡°“√


A n n u a l R e p o r t 2 0 0 7

Board of Directorsû Responsibility for Financial Statements

Financial Statement of JAY MART (Public) Co., Ltd. and Consolidated Financial Statement of JAY MART (Public) Co., Ltd. and Subsidiary Company are prepared under the Board of Directorsû policy in accordance with generally accepted accounting principle, using appropriate accounting policy, usually in practice, careful judgment and the best estimation. As well as important information is transparently disclosed in the note of Financial Statement in order to be the most beneficial for general investor. The Board of Directors has provided a risk management system and maintained the appropriate and effective internal control system to ensure that accounting transactions are accurate, reliable and adequate to protect its assets and uncover any fraud or materially irregular operations. In this regards, Board of Directors has appointed Audit Committee to be responsible in reviewing accounting policy, quality of Financial Report, Internal control System, Internal Audit, Risk Management System. The Audit Committee also reviewed a disclosure of related partiesû transactions. All their comments on these issues have been included in the auditorûs report as shown in this annual report. The financial statements of the company and the consolidated financial statements of the company and its subsidiary have been audited by Auditor from Grant Thornton Co., Ltd. To conduct an audit, Board of Directors has supported information and documents for Auditor to audit and expresses opinion in accordance with the generally accepted auditing standard. The auditorûs opinion is presented in the auditorûs report as shown in this annual report. The Board of Directors believes that the overall of the companyûs internal control system has functioned up to a satisfactory level and rendered credibility and reliability to Financial Statements of JAY MART (Public) Co., Ltd. and Consolidated Financial Statements of JAY MART (Public) Co., Ltd. and Subsidiary Company for the year ended 31 December 2007. All these financial statements have been prepared in accordance with generally accepted accounting principle and related rules and regulations. (Mr. Adisak Sukhumvitaya) Chief Executive Officer (Mr. Pisnu Pong-acha) Chairman

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√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

√“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ

‡ πÕ ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ¢â“æ‡®â“‰¥âμ√«® Õ∫ß∫¥ÿ≈√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ·≈–ß∫°”‰√¢“¥∑ÿπ√«¡ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß„π à«π¢Õß ºŸâ∂◊ÕÀÿâπ√«¡ ·≈–ß∫°√–· ‡ß‘π ¥√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π·μà≈–ªï¢Õß ∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ·≈–‰¥â μ√«® Õ∫ß∫¥ÿ≈ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ·≈–ß∫°”‰√¢“¥∑ÿπ ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ ·≈–ß∫°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π·μà≈–ªï‡©æ“–¢Õß∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ´÷ËßºŸâ∫√‘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“ ¢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®—¥∑”¢÷Èπ μ≈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“ ¢â“æ‡®â“‡ÀÁπ«à“ ß∫°“√‡ß‘π¥—ß°≈à“«¢â“ßμâπ · ¥ß∞“π–°“√‡ß‘π√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ·≈–º≈°“√¥”‡π‘πß“π√«¡ ·≈–°√–· ‡ß‘π ¥√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π·μà≈–ªï¢Õß∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ·≈–· ¥ß∞“π–°“√‡ß‘π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ·≈–º≈°“√¥”‡π‘πß“π ·≈–°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π·μà≈–ªï ‡©æ“–¢Õß ∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ‚¥¬∂Ÿ°μâÕßμ“¡∑’Ë§«√„π “√– ”§—≠μ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ¥—ß°≈à“«‰«â„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 3 μ—Èß·μà«—π∑’Ë 1 ¡°√“§¡ 2550 ∫√‘…—∑‰¥â‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬°“√∫—≠™’ ”À√—∫°“√∫—π∑÷°‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ®“°«‘∏’ à«π‰¥â‡ ’¬‡ªìπ«‘∏’√“§“∑ÿπ ‡æ◊ËÕ„Àâ‡ªìπ‰ªμ“¡¡“μ√∞“π°“√∫—≠™’ · ¥ß‚¥¬∑”°“√ª√—∫ª√ÿß¬âÕπÀ≈—ß„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑„πªï°àÕπ ∑’Ëπ”¡“‡ª√’¬∫‡∑’¬∫ ‡ ¡◊Õπ«à“∫√‘…—∑‰¥â· ¥ß‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬¥â«¬«‘∏’√“§“∑ÿπ¡“‚¥¬μ≈Õ¥ ¢â“æ‡®â“‰¥âμ√«® Õ∫º≈°√–∑∫®“°°“√‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬°“√∫—≠™’·≈â«·≈–æ∫«à“√“¬°“√¥—ß°≈à“«‰¥â¡’°“√∫—π∑÷°∫—≠™’Õ¬à“ß‡À¡“– ¡ π“¬ ¡§‘¥ ‡μ’¬μ√–°Ÿ≈ ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ∑–‡∫’¬π‡≈¢∑’Ë 2785 °√ÿß‡∑æ¡À“π§√ 12 ¡’π“§¡ 2551


A n n u a l R e p o r t 2 0 0 7

Report of The Independent Auditor

To the Shareholders of Jay Mart Public Company Limited I have audited the accompanying consolidated balance sheets of Jay Mart Public Company Limited and subsidiary as at 31 December 2007 and 2006, and the related consolidated statements of income, changes in shareholdersû equity and cash flows for the years then ended. I have also audited the separate balance sheets of Jay Mart Public Company Limited as at 31 December 2007 and 2006, and the related statements of income, changes in shareholdersû equity and cash flows for the years then ended. These financial statements are the responsibility of the Companyûs management as to their correctness and completeness of the presentation. My responsibility is to express an opinion on these financial statements based on my audits. I conduct my audits in accordance with generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. I believe that my audits provide a reasonable basis for my opinion. In my opinion, the financial statements referred to above present fairly, in all materials respects, the consolidated financial position of Jay Mart Public Company Limited and subsidiary as at 31 December 2007 and 2006 and their consolidated results of operations and cash flows for the years then ended , and the separate financial position of Jay Mart Public Company Limited at 31 December 2007 and 2006 and its results of operations and cash flows for the years then ended in conformity with generally accounting principles. As discussed in Note 3 to the financial statements, effective 1 January 2007, the Company changed its accounting policy to record investment in subsidiary company in its separate financial statements, from the equity method to the cost method, to conform with Accounting Standard, by making retroactive adjustment to its separate financial statements for the previous year, presented for comparative purpose, as if it had consistently accounted for its investment by the cost method. I have audited the effects of the change in accounting policy and noted that they were properly recorded in the books. Mr. Somckid Tiatragul Certified Public Accountant Registration No. 2785 Bangkok, Thailand 12 March 2008

38 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

ß∫¥ÿ≈

(Àπà«¬ : ∫“∑) ‘π∑√—æ¬å ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ 5 52,700,473 56,741,892 48,769,595 44,837,981 ‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å‡æ◊ËÕ§â“ 6 - 2,100,000 - 2,100,000 ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ 7 167,233,160 144,662,533 160,288,118 138,716,162 ≈Ÿ°Àπ’È°“√§â“ - ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß 27 12,417,635 17,432,122 9,491,789 13,191,576 ‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È 8 38,031,820 38,880,972 - - ‘π§â“§ß‡À≈◊Õ - ÿ∑∏‘ 9 697,017,407 572,374,484 697,017,407 572,374,484 √“¬‰¥â§â“ß√—∫ 10 91,084,359 56,731,660 72,614,693 41,235,282 ¿“…’¡Ÿ≈§à“‡æ‘Ë¡√Õ‡√’¬°§◊π 15,991,765 13,286,176 15,991,765 13,286,176 ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ 19,210,581 18,445,662 18,192,716 17,502,935 √«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π 1,093,687,200 920,655,501 1,022,366,083 843,244,596 ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ 11 - - 39,999,300 9,998,600 ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â 12 276,885,566 335,837,423 275,150,000 332,907,953 Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘ 13 91,479,693 97,866,660 80,792,745 87,122,029 ‚ª√·°√¡§Õ¡æ‘«‡μÕ√å - ÿ∑∏‘ 14 11,184,688 17,101,015 3,224,278 6,788,907 ‘∑∏‘°“√‡™à“Õ“§“√·≈–§à“‡™à“®à“¬≈à«ßÀπâ“ › ÿ∑∏‘ 15 58,528,340 64,293,671 58,528,340 64,293,671 ‡ß‘π¡—¥®” 72,061,385 69,983,274 70,660,989 68,562,742 √«¡ ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π 510,139,672 585,082,043 528,355,652 569,673,902 √«¡ ‘π∑√—æ¬å 1,603,826,872 1,505,737,544 1,550,721,735 1,412,918,498

∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 2550 2549 À¡“¬‡Àμÿ (ª√—∫ª√ÿß„À¡à)

À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È


A n n u a l R e p o r t 2 0 0 7

Balance Sheets

(Unit : Baht) ASSETS CURRENT ASSETS Cash and cash equivalents 5 52,700,473 56,741,892 48,769,595 44,837,981 Investment in securities held for trading 6 - 2,100,000 - 2,100,000 Trade accounts receivable - net 7 167,233,160 144,662,533 160,288,118 138,716,162 Trade account receivable - related company 27 12,417,635 17,432,122 9,491,789 13,191,576 Investments in accounts receivable 8 38,031,820 38,880,972 - - Inventories › net 9 697,017,407 572,374,484 697,017,407 572,374,484 Accrued income 10 91,084,359 56,731,660 72,614,693 41,235,282 Refundable value added tax 15,991,765 13,286,176 15,991,765 13,286,176 Other current assets 19,210,581 18,445,662 18,192,716 17,502,935 Total Current Assets 1,093,687,200 920,655,501 1,022,366,083 843,244,596 NON - CURRENT ASSETS Investment in subsidiary company 11 - - 39,999,300 9,998,600 Restricted deposits with financial institutions 12 276,885,566 335,837,423 275,150,000 332,907,953 Buildings and equipment - net 13 91,479,693 97,866,660 80,792,745 87,122,029 Computer software - net 14 11,184,688 17,101,015 3,224,278 6,788,907 Leasehold rights and prepaid rent - net 15 58,528,340 64,293,671 58,528,340 64,293,671 Deposits 72,061,385 69,983,274 70,660,989 68,562,742 Total Non - Current Assets 510,139,672 585,082,043 528,355,652 569,673,902 TOTAL ASSETS 1,603,826,872 1,505,737,544 1,550,721,735 1,412,918,498

CONSOLIDATED SEPARATE F/S 2007 2006 2007 2006 Notes (Restated)

JAY MART PUBLIC COMPANY LIMITED AND SUBSIDIARY As At 31 December 2007 And 2006

The accompanying notes form an integral part of these financial statements.

40 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

ß∫¥ÿ≈ (μàÕ)

(Àπà«¬ : ∫“∑) Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ Àπ’È ‘πÀ¡ÿπ‡«’¬π ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π 16 781,994,888 841,405,032 781,994,888 841,405,032 ‡®â“Àπ’È°“√§â“ 309,056,787 191,546,771 302,345,467 157,727,385 à«π∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï - Àπ’È ‘πμ“¡ —≠≠“‡™à“∑“ß°“√‡ß‘π·≈–‡™à“´◊ÈÕ 17 3,449,770 3,349,438 3,449,770 3,349,438 - ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« 18 2,552,000 3,252,000 2,552,000 3,252,000 ‡®â“Àπ’ÈÕ◊Ëπ › ∫√‘…—∑¬àÕ¬ 27 - - 23,100 1,000 §à“„™â®à“¬§â“ß®à“¬ 19 35,267,106 24,917,218 29,043,835 20,869,056 ¿“…’‡ß‘π‰¥â§â“ß®à“¬ 14,590,601 6,707,568 11,980,927 3,621,375 Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ 11,672,423 11,630,463 9,902,999 8,671,636 √«¡Àπ’È ‘πÀ¡ÿπ‡«’¬π 1,158,583,575 1,082,808,490 1,141,292,986 1,038,896,922 Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π Àπ’È ‘πμ“¡ —≠≠“‡™à“∑“ß°“√‡ß‘π·≈–‡™à“´◊ÈÕ - ÿ∑∏‘®“° à«π∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï 17 1,619,100 5,068,870 1,619,100 5,068,870 ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« › ÿ∑∏‘®“° à«π∑’Ë∂÷ß°”Àπ¥™”√– ¿“¬„πÀπ÷Ëßªï 18 12,959,000 15,511,000 12,959,000 15,511,000 ‡®â“Àπ’È‡ß‘πª√–°—π°“√‡™à“ › ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß 27 804,528 774,528 804,528 774,528 Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ 20 29,119,231 26,847,533 29,119,231 26,847,533 √«¡Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π 44,501,859 48,201,931 44,501,859 48,201,931 √«¡Àπ’È ‘π 1,203,085,434 1,131,010,421 1,185,794,845 1,087,098,853

∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549




A n n u a l R e p o r t 2 0 0 7

Balance Sheets (Continued)

(Unit : Baht) LIABILITIES AND SHAREHOLDERSû EQUITY CURRENT LIABILITIES Bank overdrafts and short - term loans from financial institutions 16 781,994,888 841,405,032 781,994,888 841,405,032 Trade accounts and notes payable 309,056,787 191,546,771 302,345,467 157,727,385 Current portion of - Liabilities under financial leases and hire - purchase agreements 17 3,449,770 3,349,438 3,449,770 3,349,438 - Long - term loans 18 2,552,000 3,252,000 2,552,000 3,252,000 Other payable › subsidiary company 27 - - 23,100 1,000 Accrued expenses 19 35,267,106 24,917,218 29,043,835 20,869,056 Income tax payable 14,590,601 6,707,568 11,980,927 3,621,375 Other current liabilities 11,672,423 11,630,463 9,902,999 8,671,636 Total Current Liabilities 1,158,583,575 1,082,808,490 1,141,292,986 1,038,896,922 NON - CURRENT LIABILITIES Liabilities under financial leases and hire - purchase agreements - net of current portion 17 1,619,100 5,068,870 1,619,100 5,068,870 Long - term loans › net of current portion 18 12,959,000 15,511,000 12,959,000 15,511,000 Rental deposit - related company 27 804,528 774,528 804,528 774,528 Other non - current liabilities 20 29,119,231 26,847,533 29,119,231 26,847,533 Total Non - Current Liabilities 44,501,859 48,201,931 44,501,859 48,201,931 TOTAL LIABILITIES 1,203,085,434 1,131,010,421 1,185,794,845 1,087,098,853




42 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

ß∫¥ÿ≈ (μàÕ)

(Àπà«¬ : ∫“∑) Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ (μàÕ) à«π¢ÕßºŸâ∂◊ÕÀÿâπ ∑ÿπ‡√◊ÕπÀÿâπ Àÿâπ “¡—≠ ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑ ∑ÿπ®¥∑–‡∫’¬π 225,000,000 Àÿâπ 21 225,000,000 225,000,000 225,000,000 225,000,000 ∑ÿπ∑’Ë√—∫™”√–‡μÁ¡¡Ÿ≈§à“·≈â« 225,000,000 Àÿâπ 225,000,000 225,000,000 225,000,000 225,000,000 °”‰√ – ¡ ®—¥ √√·≈â« - ”√Õßμ“¡°ÆÀ¡“¬ 22 22,500,000 20,000,000 22,500,000 20,000,000 ¬—ß‰¡à‰¥â®—¥ √√ 153,240,738 129,726,423 117,426,890 80,819,645 √«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ 400,740,738 374,726,423 364,926,890 325,819,645 à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π∫√‘…—∑¬àÕ¬ 700 700 - - √«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ 400,741,438 374,727,123 364,926,890 325,819,645 √«¡Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ 1,603,826,872 1,505,737,544 1,550,721,735 1,412,918,498

∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549




A n n u a l R e p o r t 2 0 0 7

Balance Sheets (Continued)

(Unit : Baht) LIABILITIES AND SHAREHOLDERSû EQUITY (CONTINUE) SHAREHOLDERSû EQUITY Share capital, common shares at Baht 1 par value Registered 225,000,000 shares 21 225,000,000 225,000,000 225,000,000 225,000,000 Issued and paid - up 225,000,000 shares 225,000,000 225,000,000 225,000,000 225,000,000 Retained earnings Appropriated for statutory reserve 22 22,500,000 20,000,000 22,500,000 20,000,000 Unappropriated 153,240,738 129,726,423 117,426,890 80,819,645 Total Equity of Companyûs Sharelolders 400,740,738 374,726,423 364,926,890 325,819,645 Minority interest in subsidiary company 700 700 - - TOTAL SHAREHOLDERSû EQUITY 400,741,438 374,727,123 364,926,890 325,819,645 TOTAL LIABILITIES AND SHAREHOLDERû EQUITY 1,603,826,872 1,505,737,544 1,550,721,735 1,412,918,498




44 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

ß∫°”‰√¢“¥∑ÿπ

(Àπà«¬ : ∫“∑) √“¬‰¥â 27 √“¬‰¥â®“°°“√¢“¬ 5,414,785,124 4,848,560,724 5,415,011,779 4,848,584,182 √“¬‰¥â®“°°“√„Àâ∫√‘°“√μ‘¥μ“¡Àπ’È ‘π·≈–∫√‘°“√Õ◊Ëπ 164,087,426 145,040,353 - - √“¬‰¥â§à“‡™à“ 128,145,258 117,401,333 128,145,258 117,482,648 √“¬‰¥â‡ß‘π√“ß«—≈·≈– àß‡ √‘¡°“√¢“¬ 150,280,776 52,414,155 150,280,776 52,414,155 √“¬‰¥â§à“∫√‘À“√ß“π¢“¬ - - 4,176,000 3,600,000 √“¬‰¥â®“°‡ß‘πªíπº≈ 11 - - 30,396,173 11,000,000 √“¬‰¥âÕ◊Ëπ 40,283,925 28,565,593 40,409,743 28,283,980 √«¡√“¬‰¥â 5,897,582,509 5,191,982,158 5,768,419,729 5,061,364,965 μâπ∑ÿπ·≈–§à“„™â®à“¬ 27 μâπ∑ÿπ¢“¬ 5,074,625,338 4,498,345,605 5,074,625,338 4,504,239,514 μâπ∑ÿπ§à“∫√‘°“√μ‘¥μ“¡Àπ’È ‘π 105,882,087 75,978,417 - - μâπ∑ÿπ§à“∫√‘°“√·≈–§à“‡™à“ 77,901,802 70,059,413 77,901,802 70,082,871 §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ 486,196,078 444,485,991 462,630,202 410,423,240 §à“μÕ∫·∑π°√√¡°“√ 25 3,405,000 2,160,000 3,405,000 2,160,000 √«¡μâπ∑ÿπ·≈–§à“„™â®à“¬ 5,748,010,305 5,091,029,426 5,618,562,342 4,986,905,625 °”‰√°àÕπ¥Õ°‡∫’È¬®à“¬·≈–¿“…’‡ß‘π‰¥â 149,572,204 100,952,732 149,857,387 74,459,340 ¥Õ°‡∫’È¬®à“¬ (43,357,885) (44,337,948) (43,356,574) (44,311,153) ¿“…’‡ß‘π‰¥â 24 (39,700,004) (17,229,504) (26,893,568) (7,410,186) °”‰√À≈—ß¿“…’‡ß‘π‰¥â 66,514,315 39,385,280 79,607,245 22,738,001 °”‰√ ÿ∑∏‘ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ - - - - °”‰√ ÿ∑∏‘ ”À√—∫ªï 66,514,315 39,385,280 79,607,245 22,738,001 °”‰√μàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√ ÿ∑∏‘ (Àπà«¬ : ∫“∑) 0.30 0.21 0.35 0.12 ®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—° (Àÿâπ) 225,000,000 187,500,000 225,000,000 187,500,000 ¡Ÿ≈§à“Àÿâπ Àÿâπ≈– (∫“∑) 1 1 1 1

∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549




A n n u a l R e p o r t 2 0 0 7

Statements Of Income

(Unit : Baht) REVENUES 27 Sales 5,414,785,124 4,848,560,724 5,415,011,779 4,848,584,182 Services income from debt collection and others 164,087,426 145,040,353 - - Rental income 128,145,258 117,401,333 128,145,258 117,482,648 Sales promotion and incentive 150,280,776 52,414,155 150,280,776 52,414,155 Management fee income - - 4,176,000 3,600,000 Dividend income 11 - - 30,396,173 11,000,000 Other income 40,283,925 28,565,593 40,409,743 28,283,980 TOTAL REVENUES 5,897,582,509 5,191,982,158 5,768,419,729 5,061,364,965 COSTS AND EXPENSES 27 Costs of sales 5,074,625,338 4,498,345,605 5,074,625,338 4,504,239,514 Cost of services from debt collection 105,882,087 75,978,417 - - Cost of services and rental 77,901,802 70,059,413 77,901,802 70,082,871 Selling and administrative expenses 486,196,078 444,485,991 462,630,202 410,423,240 Directorsû remuneration 25 3,405,000 2,160,000 3,405,000 2,160,000 TOTAL COSTS AND EXPENSES 5,748,010,305 5,091,029,426 5,618,562,342 4,986,905,625 INCOME BEFORE INTEREST EXPENSE AND INCOME TAX 149,572,204 100,952,732 149,857,387 74,459,340 Interest expense (43,357,885) (44,337,948) (43,356,574) (44,311,153) Income tax 24 (39,700,004) (17,229,504) (26,893,568) (7,410,186) INCOME AFTER INCOME TAX 66,514,315 39,385,280 79,607,245 22,738,001 Minority interest in net income - - - - NET INCOME FOR THE YEAR 66,514,315 39,385,280 79,607,245 22,738,001 BASIC EARNINGS PER SHARE Net income (Unit : Baht) 0.30 0.21 0.35 0.12 Weighted average number of shares (Shares) 225,000,000 187,500,000 225,000,000 187,500,000 Par value (Baht) 1 1 1 1


JAY MART PUBLIC COMPANY LIMITED AND SUBSIDIARY For The Years Ended 31 December 2007 And 2006


46 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ

(Àπà«¬ : ∫“∑)

∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549

°”‰√ à«π¢Õß ∑ÿπ‡√◊ÕπÀÿâπ∑’Ë ”√Õßμ“¡ – ¡∑’Ë¬—ß ºŸâ∂◊ÕÀÿâπ À¡“¬‡Àμÿ √—∫™”√–·≈â« °ÆÀ¡“¬ ‰¡à®—¥ √√ à«ππâÕ¬ √«¡ ß∫°“√‡ß‘π√«¡ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2549 150,000,000 20,000,000 187,841,143 1,300 357,842,443 ÕÕ°Àÿâπ “¡—≠‡æ‘Ë¡√–À«à“ßªï 21 75,000,000 - - - 75,000,000 ‡ß‘πªíπº≈®à“¬ 23 - - (97,500,000) - (97,500,000) à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬≈¥≈ß®“°∫√‘…—∑¬àÕ¬ ‡≈‘°°‘®°“√ - - - (600) (600) °”‰√ ÿ∑∏‘ ”À√—∫ªï - - 39,385,280 - 39,385,280 ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 225,000,000 20,000,000 129,726,423 700 374,727,123 ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2550 225,000,000 20,000,000 129,726,423 700 374,727,123 ”√Õßμ“¡°ØÀ¡“¬ 22 - 2,500,000 (2,500,000) - - ‡ß‘πªíπº≈®à“¬ 23 - - (40,500,000) - (40,500,000) °”‰√ ÿ∑∏‘ ”À√—∫ªï - - 66,514,315 - 66,514,315 ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 225,000,000 22,500,000 153,240,738 700 400,741,438



A n n u a l R e p o r t 2 0 0 7

Statements Of Changes In Shareholdersû Equity

(Unit : Baht)


Paid - up Unappropriated Share Statutory retained Minority Notes Capital reserve earnings interest Total CONSOLIDATED Balance as at 1 January 2006 150,000,000 20,000,000 187,841,143 1,300 357,842,443 Increased share capital during the year 21 75,000,000 - - - 75,000,000 Dividend payment 23 - - (97,500,000) - (97,500,000) Decrease in minority interest from liquidation of subsidiary - - - (600) (600) Net income for the year - - 39,385,280 - 39,385,280 Balance as at 31 December 2006 225,000,000 20,000,000 129,726,423 700 374,727,123 Balance as at 1 January 2007 225,000,000 20,000,000 129,726,423 700 374,727,123 Appropriation for statutory reserve 22 - 2,500,000 (2,500,000) - - Dividend payment 23 - - (40,500,000) - (40,500,000) Net income for the year - - 66,514,315 - 66,514,315 Balance as at 31 December 2007 225,000,000 22,500,000 153,240,738 700 400,741,438


48 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

ß∫· ¥ß°“√‡ª≈’Ë¬π·ª≈ß„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ (μàÕ)

(Àπà«¬ : ∫“∑)

∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549

°”‰√ ∑ÿπ‡√◊ÕπÀÿâπ∑’Ë ”√Õßμ“¡ – ¡∑’Ë¬—ß À¡“¬‡Àμÿ √—∫™”√–·≈â« °ÆÀ¡“¬ ‰¡à®—¥ √√ √«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2549 - μ“¡√“¬ß“πªï°àÕπ 150,000,000 20,000,000 187,841,143 357,841,143 º≈ – ¡¢Õß°“√‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬°“√∫—≠™’ 3 - - (32,259,499) (32,259,499) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2549 - ª√—∫ª√ÿß„À¡à 150,000,000 20,000,000 155,581,644 325,581,644 ÕÕ°Àÿâπ “¡—≠‡æ‘Ë¡√–À«à“ßªï 21 75,000,000 - - 75,000,000 ‡ß‘πªíπº≈®à“¬ 23 - - (97,500,000) (97,500,000) °”‰√ ÿ∑∏‘ ”À√—∫ªï - - 22,738,001 22,738,001 ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 225,000,000 20,000,000 80,819,645 325,819,645 ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2550 - μ“¡√“¬ß“πªï°àÕπ 225,000,000 20,000,000 129,726,423 374,726,423 º≈ – ¡¢Õß°“√‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬°“√∫—≠™’ 3 - - (48,906,778) (48,906,778) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2550 - ª√—∫ª√ÿß„À¡à 225,000,000 20,000,000 80,819,645 325,819,645 ”√Õßμ“¡°ØÀ¡“¬ 22 - 2,500,000 (2,500,000) - ‡ß‘πªíπº≈®à“¬ 23 - - (40,500,000) (40,500,000) °”‰√ ÿ∑∏‘ ”À√—∫ªï - - 79,607,245 79,607,245 ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 225,000,000 22,500,000 117,426,890 364,926,890



A n n u a l R e p o r t 2 0 0 7

Statements of Changes in Shareholdersû Equity (Continued)

(Unit : Baht)


Paid - up Unappropriated Share Statutory retained Notes Capital reserve earnings Total SEPARATE F/S Balance as at 1 January 2006 - as previously reported 150,000,000 20,000,000 187,841,143 357,841,143 Cumulative effects from change of accounting policy 3 - - (32,259,499) (32,259,499) Balance as at 1 January 2006 - restated 150,000,000 20,000,000 155,581,644 325,581,644 Increased share capital during the year 21 75,000,000 - - 75,000,000 Dividend payment 23 - - (97,500,000) (97,500,000) Net income for the year - - 22,738,001 22,738,001 Balance at 31 December 2006 225,000,000 20,000,000 80,819,645 325,819,645 Balance as at 1 January 2007 - as previously reported 225,000,000 20,000,000 129,726,423 374,726,423 Cumulative effects from change of accounting policy 3 - - (48,906,778) (48,906,778) Balance as at 1 January 2007 - restated 225,000,000 20,000,000 80,819,645 325,819,645 Appropriation for statutory reserve 22 - 2,500,000 (2,500,000) - Dividend payment 23 - - (40,500,000) (40,500,000) Net income for the year - - 79,607,245 79,607,245 Balance at 31 December 2007 225,000,000 22,500,000 117,426,890 364,926,890


50 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

ß∫°√–· ‡ß‘π ¥

(Àπà«¬ : ∫“∑) °√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π °”‰√ ÿ∑∏‘ ”À√—∫ªï 66,514,315 39,385,280 79,607,245 22,738,001 ª√—∫ª√ÿß°”‰√ ÿ∑∏‘‡ªìπ‡ß‘π ¥√—∫ (®à“¬) ®“°°‘®°√√¡¥”‡π‘πß“π:- ¢“¥∑ÿπ (°”‰√) ®“°°“√®”Àπà“¬ ‘π∑√—æ¬å 39,899 5,816,325 (104,676) 351,076 ¢“¥∑ÿπ (°”‰√) ®“°Õ—μ√“·≈°‡ª≈’Ë¬π∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®√‘ß (2,699,006) 1,429,026 (2,699,006) 1,429,026 °”‰√®“°°“√®”Àπà“¬‡ß‘π≈ß∑ÿπ (90,000) - (90,000) - ‡ß‘πªíπº≈√—∫®—¥ª√–‡¿∑‡ªìπ°‘®°√√¡≈ß∑ÿπ - - (30,396,173) (11,000,000) ‚Õπ°≈—∫º≈¢“¥∑ÿπ®“°°“√¥âÕ¬§à“¢Õß ‘π∑√—æ¬å - (6,782,357) - - ‘π§â“‡ ◊ËÕ¡ ¿“æμ—¥∫—≠™’ 55,521 14,107 55,521 14,107 §à“‡ ◊ËÕ¡√“§“·≈–§à“μ—¥®”Àπà“¬ 49,064,782 55,429,581 41,500,586 47,484,089 μ—¥®”Àπà“¬ ‘π∑√—æ¬å 2,149,891 2,889,513 2,149,891 2,889,513 §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠·≈–Àπ’È Ÿ≠ 1,313,807 2,926,120 1,313,807 2,969,740 §à“‡º◊ËÕ (‚Õπ°≈—∫§à“‡º◊ËÕ) º≈¢“¥∑ÿπ®“° ‘π§â“≈â“ ¡—¬ 4,810,936 (4,249,214) 4,810,936 (4,249,214) ‡ß‘π ¥√—∫®“°°“√¥”‡π‘πß“π°àÕπ°“√‡ª≈’Ë¬π·ª≈ß „π ‘π∑√—æ¬å·≈–Àπ’È ‘π¥”‡π‘πß“π 121,160,145 96,858,381 96,148,131 62,626,338 ‘π∑√—æ¬å¥”‡π‘πß“π≈¥≈ß (‡æ‘Ë¡¢÷Èπ) ≈Ÿ°Àπ’È°“√§â“ (23,884,434) (35,143,648) (22,885,763) (32,483,491) ≈Ÿ°Àπ’È°“√§â“ - ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß 5,014,487 4,371,890 3,699,787 5,391,522 ‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È 6,118,893 (7,776,194) - - ‘π§â“§ß‡À≈◊Õ (129,509,380) (226,403,673) (129,509,380) (226,403,673) √“¬‰¥â§â“ß√—∫ (34,352,699) (24,721,843) (31,379,412) (15,479,070) ≈Ÿ°Àπ’ÈÕ◊Ëπ - ∫√‘…—∑¬àÕ¬ - - - 379,000 ¿“…’¡Ÿ≈§à“‡æ‘Ë¡√Õ‡√’¬°§◊π (2,705,589) (4,972,041) (2,705,589) (5,236,265) ≈Ÿ°Àπ’È‡™à“´◊ÈÕ - 43,619 - - ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ 1,184,981 (910,502) 1,260,119 (1,157,079) ‡ß‘π¡—¥®” (2,078,111) (320,972) (2,098,247) (373,629) Àπ’È ‘π¥”‡π‘πß“π‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ‡®â“Àπ’È°“√§â“ 114,939,281 111,555,662 147,317,088 110,187,382 ‡®â“Àπ’È°“√§â“ - ∫√‘…—∑¬àÕ¬ - - 22,100 (7,019) ‡®â“Àπ’ÈÕ◊Ëπ - ∫√‘…—∑¬àÕ¬ - - - 1,000 §à“„™â®à“¬§â“ß®à“¬ 10,349,888 4,350,866 8,174,779 2,982,453 ¿“…’‡ß‘π‰¥â§â“ß®à“¬ 7,883,033 (9,741,631) 8,359,552 (12,827,824) Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ 41,960 2,057,715 1,231,363 1,781,851 ‡®â“Àπ’È‡ß‘πª√–°—π°“√‡™à“ › ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß 30,000 - 30,000 - Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ 2,271,698 5,040,986 2,271,698 5,015,986 ‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“° („™â‰ª„π) °‘®°√√¡¥”‡π‘πß“π 76,464,153 (85,711,385) 79,936,226 (105,602,518)

∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549


ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 2550 2549 (ª√—∫ª√ÿß„À¡à)


A n n u a l R e p o r t 2 0 0 7

Statements of Cash Flows

(Unit : Baht) Cash flows from operating activities :- Net income for the year 66,514,315 39,385,280 79,607,245 22,738,001 Adjustments to reconcile net income to net cash provided from (used in) operating activities:- Loss (gain) on sales of fixed assets 39,899 5,816,325 (104,676) 351,076 Unrealized loss (gain) on foreign exchange rate (2,699,006) 1,429,026 (2,699,006) 1,429,026 Gain from disposal of investment in securities held for trading (90,000) - (90,000) - Dividend received from subsidiary company - - (30,396,173) (11,000,000) Reversal of loss for impairment of assets - (6,782,357) - - Obsolete inventories written - off 55,521 14,107 55,521 14,107 Depreciation and amortization 49,064,782 55,429,581 41,500,586 47,484,089 Asset written - off 2,149,891 2,889,513 2,149,891 2,889,513 Allowance for doubtful accounts and bad debts 1,313,807 2,926,120 1,313,807 2,969,740 Allowance (reversal of allowance) for slow - moving and obsolete inventories 4,810,936 (4,249,214) 4,810,936 (4,249,214) Cash provided from operating activities before changes in operating assets and liabilities 121,160,145 96,858,381 96,148,131 62,626,338 Decrease (increase) in operating assets:- Trade accounts receivable (23,884,434) (35,143,648) (22,885,763) (32,483,491) Trade account receivable - related company 5,014,487 4,371,890 3,699,787 5,391,522 Investment in accounts receivable 6,118,893 (7,776,194) - - Inventories (129,509,380) (226,403,673) (129,509,380) (226,403,673) Accrued income (34,352,699) (24,721,843) (31,379,412) (15,479,070) Other receivable - subsidiary company - - - 379,000 Refundable value added tax (2,705,589) (4,972,041) (2,705,589) (5,236,265) Hire - purchases receivable - 43,619 - - Other current assets 1,184,981 (910,502) 1,260,119 (1,157,079) Deposits (2,078,111) (320,972) (2,098,247) (373,629) Increase (decrease) in operating liabilities: Trade accounts payable 114,939,281 111,555,662 147,317,088 110,187,382 Trade account payable - subsidiary company - - 22,100 (7,019) Other payable - subsidiary company - - - 1,000 Accrued expenses 10,349,888 4,350,866 8,174,779 2,982,453 Income tax payable 7,883,033 (9,741,631) 8,359,552 (12,827,824) Other current liabilities 41,960 2,057,715 1,231,363 1,781,851 Rental deposit - related company 30,000 - 30,000 - Other non - current liabilities 2,271,698 5,040,986 2,271,698 5,015,986 Net cash provided from (used in) operating activities 76,464,153 (85,711,385) 79,936,226 (105,602,518)

CONSOLIDATED SEPARATE F/S 2007 2006 2007 2006 (Restated)



52 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

ß∫°√–· ‡ß‘π ¥ (μàÕ)

(Àπà«¬ : ∫“∑) °√–· ‡ß‘π ¥®“°°‘®°√√¡≈ß∑ÿπ ‡ß‘π ¥®à“¬‡æ◊ËÕ´◊ÈÕ‡ß‘π≈ß∑ÿπ™—Ë«§√“«„πÀ≈—°∑√—æ¬å‡æ◊ËÕ§â“ - (2,100,000) - (2,100,000) ‡ß‘π ¥√—∫®“°°“√¢“¬‡ß‘π≈ß∑ÿπ™—Ë«§√“«„πÀ≈—°∑√—æ¬å‡æ◊ËÕ§â“ 2,190,000 - 2,190,000 - ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â≈¥≈ß (‡æ‘Ë¡¢÷Èπ) 58,951,857 (8,579,628) 57,757,953 (7,795,895) ‡ß‘π ¥®à“¬§à“ ‘∑∏‘°“√‡™à“ - (16,248,890) - (16,248,890) ‡ß‘π ¥√—∫®“°°“√®”Àπà“¬ ‘π∑√—æ¬å 1,622,512 4,089,886 1,107,102 2,178,671 ‡ß‘π ¥®à“¬‡æ◊ËÕ´◊ÈÕ ‘π∑√—æ¬å (36,758,359) (24,890,865) (30,944,258) (13,322,304) ‡ß‘π ¥‡ß‘πªíπº≈®“°∫√‘…—∑¬àÕ¬ - - 30,396,173 10,999,160 ®à“¬§◊πºŸâ∂◊ÕÀÿâπ à«ππâÕ¬„π°“√‡≈‘°°‘®°“√∫√‘…—∑¬àÕ¬ - (600) - - ‡ß‘π ¥√—∫®“°°“√‡≈‘°°‘®°“√¢Õß∫√‘…—∑¬àÕ¬ - - - 86,231 ‡ß‘π ¥®à“¬°“√≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ - - (30,000,000) (5,000,000) ‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“° („™â‰ª„π) °‘®°√√¡≈ß∑ÿπ 26,006,010 (47,730,097) 30,506,970 (31,203,027) °√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π ‡æ‘Ë¡¢÷Èπ (≈¥≈ß) (59,410,144) 168,940,937 (59,410,144) 168,940,937 ®à“¬§◊πÀπ’È ‘πμ“¡ —≠≠“‡™à“∑“ß°“√‡ß‘π·≈– —≠≠“‡™à“´◊ÈÕ 3,349,438) (5,949,823) (3,349,438) (3,569,866) ‡ß‘π ¥√—∫®“°‡ß‘π°Ÿâ¬◊¡√–¬–¬“« - 21,744,000 - 21,744,000 ®à“¬§◊π‡ß‘π°Ÿâ¬◊¡√–¬–¬“« (3,252,000) (4,695,063) (3,252,000) (4,695,063) ®à“¬‡ß‘πªíπº≈ (40,500,000) (97,500,000) (40,500,000) (97,500,000) ‡ß‘π ¥√—∫®“°°“√‡æ‘Ë¡∑ÿπ - 75,000,000 - 75,000,000 ‡ß‘π ¥ ÿ∑∏‘‰¥â¡“®“° („™â‰ª„π) °‘®°√√¡®—¥À“‡ß‘π (106,511,582) 157,540,051 (106,511,582) 159,920,008 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ÿ∑∏‘ (4,041,419) 24,098,569 3,931,614 23,114,463 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥μâπªï 56,741,892 32,643,323 44,837,981 21,723,518 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‘Èπªï 52,700,473 56,741,892 48,769,595 44,837,981 ¢âÕ¡Ÿ≈°√–· ‡ß‘π ¥‡ªî¥‡º¬‡æ‘Ë¡‡μ‘¡ 1. ‡ß‘π ¥®à“¬√–À«à“ßªï ”À√—∫ : ¥Õ°‡∫’È¬®à“¬ 43,380,836 43,649,810 43,379,524 43,623,016 ¿“…’‡ß‘π‰¥â 31,816,971 26,762,925 18,534,017 20,238,011 2. √“¬°“√∑’Ë¡‘„™à‡ß‘π ¥ ∫√‘…—∑¬àÕ¬´◊ÈÕ‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È‚¥¬°“√ºàÕπ™”√– ´÷Ëß‰¡à°√–∑∫°√–· ‡ß‘π ¥ 5,269,741 31,418,297 - -

∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549

ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 2550 2549 (ª√—∫ª√ÿß„À¡à)



A n n u a l R e p o r t 2 0 0 7

(Unit : Baht) Cash flows from investing activities:- Cash paid for investment in securities held for trading - (2,100,000) - (2,100,000) Cash received from disposal of investment in securities held for trading 2,190,000 - 2,190,000 - Increase (Decrease) in restricted deposits with Cash paid for leasehold rights 58,951,857 (8,579,628) 57,757,953 (7,795,895) Cash paid for leasehold rights - (16,248,890) - (16,248,890) Proceeds from disposal of fixed assets 1,622,512 4,089,886 1,107,102 2,178,671 Purchases of fixed assets (36,758,359) (24,890,865) (30,944,258) (13,322,304) Cash paid dividend classified as investment activity - - 30,396,173 10,999,160 Cash paid for minority interest in liquidation of subsidiary - (600) - - Cash received from liquidation of subsidiary - - - 86,231 Cash paid for additional investment in subsidiary - - (30,000,000) (5,000,000) Net cash provided from (used in) investing activities 26,006,010 (47,730,097) 30,506,970 (31,203,027) Cash flows from financing activities:- Increase (Decrease) in bank overdraft and short - term loans from financial institutions (59,410,144) 168,940,937 (59,410,144) 168,940,937 Repayment of liabilities under financial leases and hire - purchase agreements (3,349,438) (5,949,823) (3,349,438) (3,569,866) Proceeds from long - term loans - 21,744,000 - 21,744,000 Repayments of long - term loans (3,252,000) (4,695,063) (3,252,000) (4,695,063) Payment for cash dividend (40,500,000) (97,500,000) (40,500,000) (97,500,000) Proceeds from increased share capital - 75,000,000 - 75,000,000 Net cash provided from (used in) financing activities (106,511,582) 157,540,051 (106,511,582) 159,920,008 Net increase (decrease) in cash and cash equivalents (4,041,419) 24,098,569 3,931,614 23,114,463 Cash and cash equivalents - beginning of the year 56,741,892 32,643,323 44,837,981 21,723,518 Cash and cash equivalents - end of the year 52,700,473 56,741,892 48,769,595 44,837,981 Supplemental cash flows information: 1. Cash paid during the years for: Interest expense 43,380,836 43,649,810 43,379,524 43,623,016 Income tax 31,816,971 26,762,925 18,534,017 20,238,011 2. Non cash transactions A subsidiary company purchased investment in accounts receivable by installment not affecting the cash flows 5,269,741 31,418,297 - -

CONSOLIDATED SEPARATE F/S 2007 2006 2007 2006 (Restated)



Statements of Cash Flows (Continued)

54 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

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

«—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549

1. ¢âÕ¡Ÿ≈∑—Ë«‰ª 1.1 ∫√‘…—∑‰¥â®¥∑–‡∫’¬π®—¥μ—Èß‡ªìπ∫√‘…—∑®”°—¥ μ“¡ª√–¡«≈°ÆÀ¡“¬·æàß·≈–æ“≥‘™¬å¢Õß‰∑¬„πªï 2531 ·≈–‰¥â®¥∑–‡∫’¬π‡ª≈’Ë¬π ∂“π–‡ªìπ∫√‘…—∑¡À“™π®”°—¥ ‚¥¬‡ª≈’Ë¬π™◊ËÕ∫√‘…—∑‡ªìπ ∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) (ç∫√‘…—∑é) ‡¡◊ËÕ«—π∑’Ë 26 ¡’π“§¡ 2545 ∑’Ë∑”°“√¢Õß∫√‘…—∑μ—ÈßÕ¬Ÿàμ“¡∑’Ë®¥∑–‡∫’¬π‰«â ‡≈¢∑’Ë 9/121 - 3,126 - 7 Õ“§“√¬Ÿ‡ÕÁ¡∑“«‡«Õ√å ™—Èπ12 ∂ππ√“¡§”·Àß ·¢«ß «πÀ≈«ß ‡¢μ «πÀ≈«ß °√ÿß‡∑æ¡À“π§√ 1.2 ∫√‘…—∑ª√–°Õ∫∏ÿ√°‘®‡°’Ë¬«°—∫°“√ ´◊ÈÕ·≈–®—¥®”Àπà“¬º≈‘μ¿—≥±å·≈–Õÿª°√≥å‚∑√»—æ∑å¡◊Õ∂◊Õ º≈‘μ¿—≥±å·≈–Õÿª°√≥å§Õ¡æ‘«‡μÕ√å „Àâ‡™à“æ◊Èπ∑’Ë·≈–°“√„Àâ∫√‘°“√ “∏“√≥Ÿª‚¿§μà“ßÊ °“√„Àâ∫√‘°“√‡™à“æ◊Èπ∑’Ë√–¬– —Èπ ´÷Ëß¡’√–¬–‡«≈“°“√‡™à“μ—Èß·μà 1 - 3 ªï πÕ°®“°π’È ∫√‘…—∑¡’∫√‘…—∑¬àÕ¬∑’Ë∑”∏ÿ√°‘®‡°’Ë¬«°—∫°“√´◊ÈÕ≈Ÿ°Àπ’È¥âÕ¬§ÿ≥¿“æ¡“∫√‘À“√·≈–μ‘¥μ“¡‡√’¬°‡°Á∫‡ß‘π·≈–„Àâ∫√‘°“√μ‘¥μ“¡∑«ßÀπ’È 1.3 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ∫√‘…—∑¡’ºŸâ∂◊ÕÀÿâπ√“¬„À≠à¥—ßπ’È √âÕ¬≈– √“¬™◊ËÕ 2550 2549

π“¬ Õ¥‘»—°¥‘Ï ÿ¢ÿ¡«‘∑¬“ 34.5 34.4 π“ß “« ¬ÿ«¥’ æß…åÕ—™¨“ 31.4 29.5 π“ß “« ®ÿ±“¡“» ÿ¢ÿ¡«‘∑¬“ 12.1 11.9 ‡¥Á°™“¬ ‡Õ°™—¬ ÿ¢ÿ¡«‘∑¬“ 11.3 11.3 1.4 ∫√‘…—∑œ ¡’ “¢“·≈–æπ—°ß“πæ√âÕ¡∑—Èß§à“„™â®à“¬‡°’Ë¬«°—∫æπ—°ß“π ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ¥—ßπ’È ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 2550 2549

®”π«π “¢“ 197 183 197 183 ®”π«πæπ—°ß“π (§π) 1,323 1,222 833 758 §à“„™â®à“¬‡°’Ë¬«°—∫æπ—°ß“π ”À√—∫ªï (æ—π∫“∑) 189,324 166,512 139,271 126,655 2. ‡°≥±å„π°“√®—¥∑”ß∫°“√‡ß‘π·≈–π”‡ πÕß∫°“√‡ß‘π√«¡ 2.1 ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ‰¥â®—¥∑”¢÷Èπμ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ¿“¬„μâæ√–√“™∫—≠≠—μ‘°“√∫—≠™’ æ.». 2543 æ√–√“™∫—≠≠—μ‘«‘™“™’æ∫—≠™’ æ.». 2547 ·≈–μ“¡¢âÕ°”Àπ¥¢Õß§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å«à“¥â«¬°“√®—¥∑”·≈–π”‡ πÕ√“¬ß“π∑“ß°“√‡ß‘π¿“¬„μâæ√–√“™∫—≠≠—μ‘À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å æ.». 2535 ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ‰¥â®—¥∑”¢÷Èπμ“¡À≈—°√“§“∑ÿπ‡¥‘¡ ´÷ËßÕ“®ª√—∫ª√ÿß¥â«¬°“√μ’√“§“„À¡à¢Õß ‘π∑√—æ¬å∫“ß√“¬°“√∑’Ë‡ªìπ Õ“§“√·≈–Õÿª°√≥å (∂â“¡’) „π√–À«à“ßªï 2550 ¿“«‘™“™’æ∫—≠™’‰¥âª√–°“»‡√◊ËÕß¡“μ√∞“π°“√∫—≠™’´÷Ëß‰¥â¡’°“√ª√—∫ª√ÿß ·≈–®–¡’º≈∫—ß§—∫„™â ”À√—∫√Õ∫√–¬–‡«≈“∫—≠™’∑’Ë‡√‘Ë¡μâπ„πÀ√◊ÕÀ≈—ß«—π∑’Ë 1 ¡°√“§¡ 2551 À≈“¬©∫—∫ ∑—Èßπ’È ºŸâ∫√‘À“√§“¥«à“¡“μ√∞“π°“√∫—≠™’©∫—∫ª√—∫ª√ÿß¥—ß°≈à“«®–‰¡à¡’º≈°√–∑∫Õ¬à“ß‡ªìπ “√– ”§—≠μàÕ∫√‘…—∑ 2.2 ß∫°“√‡ß‘π√«¡π’È‰¥â√«¡ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬∑’Ë∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ∂◊ÕÀÿâπ¥—ßμàÕ‰ªπ’È


A n n u a l R e p o r t 2 0 0 7

Notes To Financial Statements JAY MART PUBLIC COMPANY LIMITED AND SUBSIDIARY AS AT 31 DECEMBER 2007 AND 2006

1. GENERAL INFORMATION 1.1 The Company registered its incorporation in accordance with the Thai Commerce Code as a limited company in the year 1988. The Company registered the change of its status to a public company and the change of its name to çJay Mart Public Company Limitedé (the Company) on 26 March 2002. The Companyûs registered office is located at 9/121 - 3, 126 - 7 UM - Tower, 12th Floor Ramkhamhaeng Road, Suanluang Sub - District, Suanluang District, Bangkok. 1.2 The Company is engaged in the trading of mobile phone, computers and related accessories and space rental and public utilities service. The space rental is for periods of 1 to 3 years. In addition, the Company has subsidiary engaged in purchase non-performing accounts receivable from Financial Institutions for debt collection, and debt collection service for Financial Institutions. 1.3 As at 31 December 2007 and 2006, the Company has Major shareholders as follows : Percentage of Shareholding Name 2007 2006

Mr. Adisak Sukumvitaya 34.5 34.4 Miss Yuvadee Pong › acha 31.4 29.5 Miss Juthamas Sukumvitaya 12.1 11.9 Master Ekachai Sukumvitaya 11.3 11.3 1.4 The Company has branches, employees and employee costs for the years ended 31 December 2007 and 2006 as follows : CONSOLIDATED SEPARATE F/S 2007 2006 2007 2006

Numbers of branches 197 183 197 183 Numbers of employees (persons) 1,323 1,222 833 758 Employee costs for the year (Thousand Baht) 189,324 166,512 139,271 126,655 2. BASIS OF FINANCIAL STATEMENTS PREPARATION AND PRINCIPLES OF CONSOLIDATION 2.1 The accompanying financial statements have been prepared in accordance with generally accepted accounting principles issued under the Accounting Act B.E. 2543 and the Federation of Accounting Professions Act B.E. 2547 and the regulations promulgated by the Securities Exchange Commission and the Stock Exchange of Thailand concerning the preparation and disclosure of financial information under the Securities Exchange Act B.E. 2535. The consolidated and Companyûs separate financial statements are prepared under the historical cost convention with some modification for the revaluation of assets as building and equipment (if any). During year 2007, the Federation of Accounting Professions has announced amendments to several accounting standards, which will be effective for the accounting periods beginning on or after 1 January 2008. The Companyûs management believe that there is no significant impact to the Company relating to the revised standards. 2.2 The consolidated financial statements include the financial statements of Jay Mart Public Company Limited and subsidiary, which are significantly influenced by the Company, as follows:

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∑ÿπ∑’Ë‡√’¬°™”√–·≈â« —¥ à«π°“√∂◊ÕÀÿâπ (≈â“π∫“∑) (√âÕ¬≈–) ™◊ËÕ∫√‘…—∑¬àÕ¬ 2550 2549 2550 2549 ≈—°…≥–∏ÿ√°‘®

∫√‘…—∑ ‡® ‡ÕÁ¡ ∑’ ‡πÁ∑‡«Õ√å§ ‡´Õ√å«‘ ‡´Á ®”°—¥ 40 10 99.99 99.99 „Àâ∫√‘°“√μ‘¥μ“¡Àπ’È ‘π Õ—μ√“ à«π¢Õß ‘π∑√—æ¬å·≈–√“¬‰¥â¢Õß∫√‘…—∑¬àÕ¬ ´÷Ëß√«¡Õ¬Ÿà„πß∫°“√‡ß‘π√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ¢Õß∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ √ÿª‰¥â¥—ßπ’È :- ‘π∑√—æ¬å√«¡¢Õß∫√‘…—∑¬àÕ¬ √“¬‰¥â√«¡¢Õß∫√‘…—∑¬àÕ¬§‘¥‡ªìπ §‘¥‡ªìπÕ—μ√“√âÕ¬≈–¢Õß ‘π∑√—æ¬å√«¡ Õ—μ√“√âÕ¬≈–¢Õß√“¬‰¥â√«¡ 2550 2549 2550 2549 ∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡® ‡ÕÁ¡ ∑’ ‡πÁ∑‡«Õ√å§ ‡´Õ√å«‘ ‡´Á ®”°—¥ 6 7 3 3 2.3 √“¬°“√∫—≠™’°—∫∫√‘…—∑¬àÕ¬∑’Ë¡’ “√– ”§—≠‰¥â∂Ÿ°À—°ÕÕ°®“°ß∫°“√‡ß‘π√«¡·≈â« 2.4 „π°√≥’∑’Ë∫√‘…—∑¬àÕ¬‡≈‘°°‘®°“√ ß∫°“√‡ß‘π√«¡®–√«¡º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑¬àÕ¬®π∂÷ß«—π∑’Ë∫√‘…—∑¬àÕ¬®¥∑–‡∫’¬π‡≈‘°°‘®°“√ 2.5 ß∫°“√‡ß‘π√«¡®—¥∑”¢÷Èπ‚¥¬„™âπ‚¬∫“¬°“√∫—≠™’‡¥’¬«°—π ”À√—∫√“¬°“√∫—≠™’∑’Ë‡À¡◊Õπ°—πÀ√◊Õ‡Àμÿ°“√≥å∑“ß∫—≠™’∑’Ë§≈â“¬§≈÷ß°—π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ 3. °“√‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬°“√∫—≠™’ μ—Èß·μà«—π∑’Ë 1 ¡°√“§¡ 2550 ∫√‘…—∑‰¥â‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬°“√∫—≠™’ ”À√—∫°“√∫—π∑÷°‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ®“°«‘∏’ à«π‰¥â‡ ’¬‡ªìπ«‘∏’√“§“∑ÿπ ‡æ◊ËÕ„Àâ‡ªìπ‰ªμ“¡¡“μ√∞“π°“√∫—≠™’ ©∫—∫∑’Ë 44 ‡√◊ËÕß ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–°‘®°“√ ‚¥¬∑”°“√ª√—∫ª√ÿß¬âÕπÀ≈—ß„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ”À√—∫ªï°àÕπ ∑’Ëπ”¡“‡ª√’¬∫‡∑’¬∫ ‡ ¡◊Õπ«à“∫√‘…—∑‰¥â· ¥ß‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬¥â«¬«‘∏’√“§“∑ÿπ¡“‚¥¬μ≈Õ¥ ∑—Èßπ’È ∫√‘…—∑‰¥âª√—∫ª√ÿßº≈ – ¡¢Õß à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπμ“¡«‘∏’ à«π‰¥â‡ ’¬¢Õß∫√‘…—∑¬àÕ¬°—∫∫—≠™’°”‰√ – ¡ ´÷Ëß¡’º≈„Àâ°”‰√ ÿ∑∏‘·≈–°”‰√ – ¡„πß∫°“√‡ß‘π√«¡ ·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑·μ°μà“ß°—π √“¬°“√ª√—∫ª√ÿß´÷Ëß¡’º≈°√–∑∫μàÕ°”‰√ – ¡μâπªï·μà≈–ªï„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑¡’¥—ßπ’È (Àπà«¬ : ∫“∑) ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 2549 °”‰√ – ¡μâπªï › μ“¡√“¬ß“π¢Õßªï°àÕπ 129,726,423 187,841,143 º≈ – ¡¢Õß°“√ª√—∫ª√ÿß à«πμà“ß¢Õß¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ®“°«‘∏’ à«π‰¥â‡ ’¬‡ªìπ«‘∏’√“§“∑ÿπ (48,906,778) (32,259,499) °”‰√ – ¡μâπªï › μ“¡∑’Ëª√—∫ª√ÿß„À¡à 80,819,645 155,581,644 √“¬°“√ª√—∫ª√ÿß´÷Ëß¡’º≈°√–∑∫μàÕß∫°”‰√¢“¥∑ÿπ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2549 „πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑¡’¥—ßπ’È (Àπà«¬ : ∫“∑) °”‰√ ÿ∑∏‘ - μ“¡√“¬ß“π¢Õßªï°àÕπ 39,385,280 ª√—∫ª√ÿßº≈°√–∑∫¢Õß‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬®“°«‘∏’ à«π‰¥â‡ ’¬ ‡ªìπ«‘∏’√“§“∑ÿπ (16,647,279) °”‰√ ÿ∑∏‘ › À≈—ßª√—∫ª√ÿß 22,738,001 °”‰√μàÕÀÿâπ≈¥≈ß (Àπà«¬ : ∫“∑) 0.09


A n n u a l R e p o r t 2 0 0 7

Paid › up share capital Percentage of (million Baht) Shareholding Subsidiary company 2007 2006 2007 2006 Type of business

JMT Network Services Company Limited 40 10 99.99 99.99 Debt col lect ion The percentage of subsidiaryûs assets and revenues included in the consolidated financial statements of Jay Mart Public Company Limited and subsidiary for the years ended 31 December 2007 and 2006 are as follows: Percentage of Percentage of subsidiaryûs total assets subsidiaryûs total revenues to consolidated total assets to consolidated total revenues 2007 2006 2007 2006 Subsidiary company JMT Network Services Company Limited 6 7 3 3 2.3 Significant intercompany transactions with subsidiary, included in the consolidated financial statements, have been eliminated. 2.4 In the event when subsidiary ceased the operations, the consolidated financial statements included the results of operations of subsidiary up to the date of liquidation. 2.5 The consolidated financial statements have been prepared with the same accounting policies for the same accounting transactions or accounting events used by the Company and subsidiary. 3. CHANGE IN ACCOUNTING POLICY Effective 1 January 2007, the Company changed its accounting policy to account for investment in subsidiary company in its separate financial statements, from the equity method to the cost method, to conform with the Accounting Standard No.44 çConsolidated and Separate financial statementsûû, by retroactively adjusting its financial statements for the previous year, shown for comparative purpose, as if it had consistently accounted for its investments by the cost method. The Company, therefore, adjusted the cumulative effects of equity in net income of subsidiary company with retained earnings. This causes the difference in net income and retained earnings in the consolidated and separate financial statements. The effects of such adjustments to beginning balances of retained earnings of each year in the separate financial statements are as follow : (Unit : Baht) For the years ended 31 December 2007 2006 Retained earning at beginnings of year › as previously reported 129,726,423 187,841,143 Adjustment for cumulative effects of the difference between equity method and cost method to investments in subsidiary company (48,906,778) (32,259,499) Retained earnings at beginning of year › as restated 80,819,645 155,581,644 The effects of such adjustments on statements of income in the separate financial statements for the year ended 31 December 2006 are as follow : (Unit : Baht) Net income › as previously reported 39,385,280 Effects of the change from equity method to cost method for investments (16,647,279) Net income › restated 22,738,001 Decrease in basic earnings per share (Unit : Baht) 0.09

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4. π‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠ π‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠∑’Ë„™â„π°“√®—¥∑”ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ¡’¥—ßμàÕ‰ªπ’È 4.1 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ª√–°Õ∫¥â«¬ ‡ß‘π ¥„π¡◊Õ ∫—μ√‡ß‘π ¥·≈–‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’Õ“¬ÿ‰¡à‡°‘π 3 ‡¥◊Õπ ‚¥¬‰¡à√«¡√“¬°“√‡ß‘πΩ“°∑’Ëμ‘¥¿“√–§È”ª√–°—π ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â · ¥ß‰«â¿“¬„μâ ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π„πß∫¥ÿ≈ 4.2 ‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å‡æ◊ËÕ§â“ ∫√‘…—∑∫—π∑÷°‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å‡æ◊ËÕ§â“¥â«¬¡Ÿ≈§à“¬ÿμ‘∏√√¡ ∫√‘…—∑∫—π∑÷°°“√‡ª≈’Ë¬π·ª≈ß¡Ÿ≈§à“¢ÕßÀ≈—°∑√—æ¬å‡ªìπ√“¬°“√°”‰√À√◊Õ¢“¥∑ÿπ„πß∫°”‰√¢“¥∑ÿπ 4.3 ≈Ÿ°Àπ’È°“√§â“ ≈Ÿ°Àπ’È°“√§â“ · ¥ß¥â«¬¡Ÿ≈§à“ ÿ∑∏‘∑’Ë§“¥«à“®–‰¥â√—∫ §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ª√–¡“≥®“°ª√– ∫°“√≥å°“√‡√’¬°‡°Á∫Àπ’È „πÕ¥’μ·≈–°“√«‘‡§√“–Àå ∂“π–¢Õß≈Ÿ°Àπ’È ≥ «—π ‘Èπªï Àπ’È Ÿ≠∑’Ë‡°‘¥¢÷Èπ„π√–À«à“ßªïμ—¥‡ªìπ§à“„™â®à“¬∑—π∑’‡¡◊ËÕ∫√‘…—∑ “¡“√∂√–∫ÿ‰¥â«à“®–‰¡à “¡“√∂‡√’¬°‡°Á∫‡ß‘π‰¥â ≈Ÿ°Àπ’È‡™à“´◊ÈÕ · ¥ß¥â«¬¬Õ¥§ß§â“ßμ“¡ —≠≠“¿“¬À≈—ß®“°À—°√“¬‰¥â∑“ß°“√‡ß‘π∑’Ë¬—ß‰¡à∂÷ß°”Àπ¥√—∫™”√–·≈–§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠·≈â« 4.4 ‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È ‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È · ¥ß„π√“§“∑ÿπ∑’Ë®à“¬´◊ÈÕ ÿ∑∏‘®“°§à“‡º◊ËÕ°“√¥âÕ¬§à“ (∂â“¡’) 4.5 ‘π§â“§ß‡À≈◊Õ ‘π§â“§ß‡À≈◊Õ· ¥ß¥â«¬√“§“∑ÿπÀ√◊Õ¡Ÿ≈§à“ ÿ∑∏‘∑’Ë§“¥«à“®–‰¥â√—∫·≈â«·μà√“§“„¥®–μË”°«à“ √“§“∑ÿπ¢Õß ‘π§â“§”π«≥‚¥¬«‘∏’‡¢â“°àÕπ - ÕÕ°°àÕπ μâπ∑ÿπ„π°“√´◊ÈÕª√–°Õ∫¥â«¬√“§“ ‘π§â“·≈–§à“„™â®à“¬∑“ßμ√ß∑’Ë‡°’Ë¬«¢âÕß°—∫°“√´◊ÈÕ ‘π§â“π—Èπ ‡™àπ §à“¿“…’Õ“°√ §à“¢π àß À—°¥â«¬ à«π≈¥·≈–‡ß‘π∑’Ë‰¥â√—∫§◊π®“°°“√´◊ÈÕ ‘π§â“ à«π¡Ÿ≈§à“ ÿ∑∏‘∑’Ë§“¥«à“®–‰¥â√—∫ ª√–¡“≥®“°√“§“∑’Ë§“¥«à“®–¢“¬‰¥âμ“¡ª°μ‘¢Õß∏ÿ√°‘® À—°¥â«¬§à“„™â®à“¬∑’Ë®”‡ªìπ‡æ◊ËÕ„Àâ ‘π§â“π—Èπ¢“¬‰¥â ∫√‘…—∑‰¥âμ—Èß§à“‡º◊ËÕ°“√≈¥¡Ÿ≈§à“ ”À√—∫ ‘π§â“≈â“ ¡—¬ ‘π§â“‡§≈◊ËÕπ‰À«™â“ À√◊Õ‡ ◊ËÕ¡§ÿ≥¿“æ ‚¥¬æ‘®“√≥“®“°°“√ª√–‡¡‘π ∂“π°“√≥å¥â“π°“√μ≈“¥‡ªìπ ”§—≠ ·≈–ª√–¡“≥°“√®“°Õ“¬ÿ¢Õß ‘π§â“§ß‡À≈◊Õ ¥—ßπ’È Õ—μ√“√âÕ¬≈–§à“‡º◊ËÕ¡Ÿ≈§à“≈¥≈ß 2550 2549

‘π§â“§ß‡À≈◊ÕÕ“¬ÿμ—Èß·μà 90 › 180 «—π 25 25 ‘π§â“§ß‡À≈◊ÕÕ“¬ÿμ—Èß·μà 181 › 270 «—π 25 › 50 25 - 50 ‘π§â“§ß‡À≈◊ÕÕ“¬ÿμ—Èß·μà 271 › 365 «—π 50 › 75 50 - 75 ‘π§â“§ß‡À≈◊ÕÕ“¬ÿμ—Èß·μà 1 ªï¢÷Èπ‰ª 100 100 4.6 ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬· ¥ß„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑μ“¡«‘∏’√“§“∑ÿπ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬¥—ß°≈à“«‡ªìπ°“√≈ß∑ÿπ„π°‘®°“√∑’Ë∫√‘…—∑∂◊ÕÀÿâπ¡“°°«à“√âÕ¬≈– 50 ¢Õß ‘∑∏‘„π°“√ÕÕ°‡ ’¬ß∑—ÈßÀ¡¥ ·≈–°‘®°“√∑’Ë∫√‘…—∑¡’Õ”π“®„π°“√§«∫§ÿ¡ 4.7 Õ“§“√·≈–Õÿª°√≥å Õ“§“√·≈–Õÿª°√≥å · ¥ß¥â«¬√“§“∑ÿπ‡¥‘¡À—°§à“‡ ◊ËÕ¡√“§“ – ¡ ·≈–√“¬°“√μ—¥∫—≠™’ ∫√‘…—∑§‘¥§à“‡ ◊ËÕ¡√“§“Õ“§“√·≈–Õÿª°√≥å ‚¥¬«‘∏’‡ âπμ√ßμ“¡Õ“¬ÿ°“√„™âß“π‚¥¬ª√–¡“≥¢Õß ‘π∑√—æ¬åμà“ßÊ ¥—ßπ’È


A n n u a l R e p o r t 2 0 0 7

4. SIGNIFICANT ACCOUNTING POLICIES The significant accounting policies adopted in the preparation of these consolidated and separate financial statements are set out below : 4.1 Cash and cash equivalents Cash and cash equivalents represent cash on hand, cash card and deposits with financial institutions with maturities of less than three months without restriction of usage or obligation. Restricted deposits with financial institutions are presented under other non › current assets in the balance sheet. 4.2 Investment in securities held for trading Investment in securities held for trading is determined at fair value. The Company recognised gains or losses arising from changes in the value of securities in statement of income. 4.3 Trade accounts receivable Trade accounts receivable are carried at anticipated realizable value. Allowance for doubtful accounts are based on historical collection experiences and the review of the current status of existing receivables at the year end. Bad debts are written off during the year in which they are identified to be uncollectible. Hire - purchases receivable are carried at contracted amounts deducted by deferred interest and allowance for doubtful accounts. 4.4 Investments in accounts receivable Investments in accounts receivable is carried at purchase cost less allowance for impairment (if any). 4.5 Inventories Inventories are stated at the lower of cost and net realizable value. Cost is determined by the first - in, first - out method. The cost of purchase comprises both the purchase price and costs directly attributable to the acquisition of the inventory, such as import duties and transportation charges, less all attribute discounts, allowances or rebates. Net realizable value is the estimate of the selling price in the ordinary course of business, less necessary costs to make inventories ready for sales. The Company set up provision for obsolete, slow - moving and defective inventories, where necessary, from the consideration of market situation and the aged inventories as follows : Allowance for diminution rate 2007 2006 Inventory aged between 90 › 180 days 25 25 Inventory aged between 181 › 270 days 25 › 50 25 › 50 Inventory aged between 271 › 365 days 50 -75 50 -75 Inventory aged over 1 year 100 100 4.6 Subsidiary company Investment in subsidiary company is accounted for in the Companyûs separate financial statements by the cost method. Such investment refers to investment which the Company has over 50% of the voting right, and over which the Company exercises control. 4.7 Buildings and Equipment Buildings and Equipment are stated at historical cost less depreciation and amortization. The Company depreciates its buildings and equipment by the straight - line method over their estimated useful lives as follows :

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ªï à«πª√—∫ª√ÿßÕ“§“√ 10 §à“μ°·μàß ”π—°ß“π 5 ‡§√◊ËÕß„™â ”π—°ß“π 5 ‡§√◊ËÕß¡◊Õ·≈–Õÿª°√≥å 3 › 5 ¬“πæ“Àπ– 5 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬§‘¥§à“‡ ◊ËÕ¡√“§“ ”À√—∫Õÿª°√≥å§Õ¡æ‘«‡μÕ√å∑’Ë´◊ÈÕμ—Èß·μàªï 2549 ‚¥¬«‘∏’‡ âπμ√ßμ“¡Õ“¬ÿ°“√„™âß“π 3 ªï „π°√≥’∑’Ë√“§“μ“¡∫—≠™’ Ÿß°«à“¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π √“§“μ“¡∫—≠™’®–∂Ÿ°ª√—∫≈¥„Àâ‡∑à“°—∫¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π ¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π§”π«≥®“°¡Ÿ≈§à“ªí®®ÿ∫—π¢Õß°√–· ‡ß‘π ¥∑’Ë§“¥«à“®–‡°‘¥„πÕπ“§μ®“°°“√„™â ‘π∑√—æ¬åÕ¬à“ßμàÕ‡π◊ËÕß À√◊Õ®”π«π∑’Ë®–‰¥â√—∫®“°°“√¢“¬ ‘π∑√—æ¬å À—°¥â«¬μâπ∑ÿπ®“°°“√®”Àπà“¬ ‘π∑√—æ¬åπ—Èπ·≈â«·μà®”π«π„¥®– Ÿß°«à“ °”‰√·≈–¢“¥∑ÿπ®“°°“√¢“¬Õÿª°√≥å §”π«≥®“°√“§“μ“¡∫—≠™’‡ª√’¬∫‡∑’¬∫°—∫§à“¢“¬ ·≈–∫—π∑÷°‰«â„πß∫°”‰√¢“¥∑ÿπ √“¬®à“¬‡°’Ë¬«°—∫°“√μàÕ‡μ‘¡ °“√μàÕÕ“¬ÿ À√◊Õ°“√ª√—∫ª√ÿß ‘π∑√—æ¬å„Àâ¥’¢÷Èπ ÷́Ëß∑”„Àâ√“§“‡ª≈’Ë¬π·∑π„πªí®®ÿ∫—π¢Õß ‘π∑√—æ¬å‡æ‘Ë¡¢÷ÈπÕ¬à“ß‡ªìπ “√– ”§—≠ ®–√«¡‡ªìπ√“§“∑ÿπ¢Õß ‘π∑√—æ¬å à«π§à“ à́Õ¡·´¡·≈–§à“∫”√ÿß√—°…“√—∫√Ÿâ‡ªìπ§à“„™â®à“¬„π√Õ∫√–¬–‡«≈“∫—≠™’∑’Ë‡°‘¥¢÷Èπ 4.8 ‚ª√·°√¡§Õ¡æ‘«‡μÕ√å §à“μ—¥®”Àπà“¬ §”π«≥‚¥¬«‘∏’‡ âπμ√ßμ“¡Õ“¬ÿ°“√„™âß“πμ“¡ª√–¡“≥‡ªìπ√–¬–‡«≈“ 5 ªï 4.9 μâπ∑ÿπ ‘∑∏‘°“√‡™à“ μâπ∑ÿπ°“√‰¥â¡“´÷Ëß ‘∑∏‘°“√‡™à“ μ—¥®”Àπà“¬‡ªìπ§à“„™â®à“¬‚¥¬«‘∏’‡ âπμ√ßμ“¡Õ“¬ÿ¢Õß —≠≠“‡™à“„π√–¬–‡«≈“ 6 - 26 ªï 4.10 ‡®â“Àπ’È‡™à“´◊ÈÕ ‡®â“Àπ’Èμ“¡ —≠≠“‡™à“´◊ÈÕ · ¥ß ÿ∑∏‘®“°¥Õ°‡∫’È¬‡™à“´◊ÈÕ ‡®â“Àπ’È‡™à“´◊ÈÕ¡’√–¬–‡«≈“ºàÕπ™”√– 24 - 60 ‡¥◊Õπ ‘π∑√—æ¬å´÷Ëß∫√‘…—∑‰¥â¡“¿“¬„μâ —≠≠“‡™à“´◊ÈÕ ®–∫—π∑÷°‡ªìπ ‘π∑√—æ¬å¢Õß∫√‘…—∑„π√“§“‡ß‘π ¥ ∫√‘…—∑®–®¥∑–‡∫’¬π‚Õπ ‘π∑√—æ¬å‡ªìπ¢Õß∫√‘…—∑‡¡◊ËÕ∫√‘…—∑ºàÕπ™”√–‡®â“Àπ’È‡™à“´◊ÈÕ‡√’¬∫√âÕ¬·≈â« 4.11 —≠≠“‡™à“√–¬–¬“« › °√≥’∑’Ë∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‡ªìπºŸâ‡™à“ °“√‡™à“Õÿª°√≥å ´÷Ëßæ‘®“√≥“«à“§«“¡‡ ’Ë¬ß·≈–º≈μÕ∫·∑π¢Õß§«“¡‡ªìπ‡®â“¢Õß∑—ÈßÀ¡¥‰¥â‚Õπ„Àâ∫√‘…—∑ ‘π∑√—æ¬å ®–∂Ÿ°®—¥‡ªìπ —≠≠“‡™à“°“√‡ß‘π —≠≠“‡™à“°“√‡ß‘π®–∫—π∑÷°‡ªìπ√“¬®à“¬ΩÉ“¬∑ÿπμ“¡¡Ÿ≈§à“¬ÿμ‘∏√√¡ ÿ∑∏‘¢Õß ‘π∑√—æ¬å∑’Ë‡™à“À√◊Õ¡Ÿ≈§à“ªí®®ÿ∫—π ÿ∑∏‘¢Õß®”π«π‡ß‘π∑’ËμâÕß®à“¬μ“¡ —≠≠“‡™à“ ·≈â«·μà®”π«π„¥®–μË”°«à“ ‚¥¬®”π«π‡ß‘π∑’ËμâÕß®à“¬®–·∫àß‡ªìπ à«π¢ÕßÀπ’È ‘π·≈–§à“„™â®à“¬∑“ß °“√‡ß‘π ‡æ◊ËÕ„Àâ®”π«π‡ß‘π∑’ËμâÕß®à“¬„π·μà≈–ß«¥¡’®”π«π§ß∑’Ë §à“‡™à“´÷ËßμâÕß®à“¬μ“¡¿“√–ºŸ°æ—πÀ—°°—∫§à“„™â®à“¬∑“ß°“√‡ß‘π®–∫—π∑÷°‡ªìπÀπ’È ‘π¿“¬„μâ —≠≠“‡™à“°“√‡ß‘π à«π¥Õ°‡∫’È¬®à“¬®–∫—π∑÷°„πß∫°”‰√¢“¥∑ÿπμ≈Õ¥Õ“¬ÿ¢Õß —≠≠“‡™à“ ‘π∑√—æ¬å¿“¬„μâ —≠≠“‡™à“°“√‡ß‘π ®–§‘¥§à“‡ ◊ËÕ¡√“§“μ≈Õ¥Õ“¬ÿ¢Õß°“√„™âß“π¢Õß ‘π∑√—æ¬åπ—Èπ °“√‡™à“ ‘π∑√—æ¬å‚¥¬∑’Ë§«“¡‡ ’Ë¬ß·≈–º≈μÕ∫·∑π¢Õß§«“¡‡ªìπ‡®â“¢Õßμ°Õ¬Ÿà°—∫ºŸâ„Àâ‡™à“ ®–∂Ÿ°®—¥‡ªìπ —≠≠“‡™à“¥”‡π‘πß“π °“√™”√–‡ß‘π¿“¬„μâ —≠≠“‡™à“¥”‡π‘πß“π ®–∫—π∑÷°‡ªìπ§à“„™â®à“¬„πß∫°”‰√¢“¥∑ÿπ‚¥¬«‘∏’‡ âπμ√ßμ≈Õ¥Õ“¬ÿ —≠≠“‡™à“ §à“„™â®à“¬∑’Ë‡°‘¥¢÷Èπ®“°°“√¬°‡≈‘° —≠≠“‡™à“¥”‡π‘πß“π°àÕπÀ¡¥Õ“¬ÿ°“√‡™à“ ‡™àπ ‡∫’È¬ª√—∫∑’ËμâÕß®à“¬„ÀâºŸâ„Àâ‡™à“ ®–∫—π∑÷°‡ªìπ§à“„™â®à“¬„π√Õ∫√–¬–‡«≈“∫—≠™’∑’Ë¡’°“√¬°‡≈‘° —≠≠“ 4.12 —≠≠“‡™à“√–¬–¬“« › °√≥’∑’Ë∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‡ªìπºŸâ„Àâ‡™à“ ‘π∑√—æ¬å∑’Ë„Àâ‡™à“¿“¬„μâ‡ß◊ËÕπ‰¢ —≠≠“‡™à“¥”‡π‘πß“π ®–∫—π∑÷°‡ªìπ ‘π∑√—æ¬å¿“¬„μâÀ—«¢âÕÕ“§“√·≈–Õÿª°√≥å„πß∫¥ÿ≈ ∫√‘…—∑§‘¥§à“‡ ◊ËÕ¡√“§“ ‘π∑√—æ¬å¥—ß°≈à“«μ“¡Õ“¬ÿ°“√„™âß“π‚¥¬ª√–¡“≥ „πÀ≈—°°“√‡¥’¬«°—∫ ‘π∑√—æ¬å∑’Ë¡’≈—°…≥–§≈â“¬§≈÷ß°—π √“¬‰¥â§à“‡™à“ ∫—π∑÷°„πß∫°”‰√¢“¥∑ÿπ‚¥¬«‘∏’‡ âπμ√ßμ≈Õ¥Õ“¬ÿ —≠≠“‡™à“ 4.13 °“√√—∫√Ÿâ√“¬‰¥â √“¬‰¥â®“°°“√¢“¬√—∫√Ÿâ‡¡◊ËÕ àß¡Õ∫ ‘π§â“ ·≈–≈Ÿ°§â“¬Õ¡√—∫ ‘π§â“π—Èπ √“¬‰¥â®“°°“√¢“¬ ‡ªìπ®”π«π∑’Ë ÿ∑∏‘®“°¿“…’¢“¬·≈– à«π≈¥ √“¬‰¥â¥Õ°‡∫’È¬ ·≈–√“¬‰¥âÕ◊Ëπ √—∫√Ÿâμ“¡‡°≥±å§ß§â“ß √“¬‰¥â§à“‡™à“ ·≈–§à“∫√‘°“√æ◊Èπ∑’Ë„Àâ‡™à“ √—∫√Ÿâ√“¬‰¥âμ“¡√–¬–‡«≈“¢Õß —≠≠“


A n n u a l R e p o r t 2 0 0 7

Years Building improvements 10 Office furniture 5 Office equipments 5 Tools and equipments 3 - 5 Vehicles 5 The Company and subsidiary, depreciate computer equipment acquired in the year 2006 onward, by the straight › line method over their estimate useful lives of 3 years. Where the carrying amount of an asset is greater than its estimated recoverable amount, the cost is written down immediately to its recoverable amount. Estimated recoverable amount is calculated from the anticipated discounted cash flows to their present value from the continuing use of the assets and the amount obtainable from the sale of the assets less any costs of disposal whichever is higher. Gains and losses on disposal of equipment are determined by reference to their carrying amount compared to the selling price and are taken into account in statement of income. Expenditures for expansion, renewal and betterment, which result in a substantial increase in an asset current replacement value, are capitalized. Repair and maintenance costs are recognized as an expense when incurred. 4.8 Computer software Amortisation is calculated by the straight - line method over their estimated useful lives of 5 years. 4.9 Leasehold rights cost Cost of obtaining the leasehold rights are amortized using the straight - line method over their contract lives of 6 to 26 years 4.10 Hire purchases payable These represent hire purchases payable less deferred interest. The hire purchase contracts are 24 › 60 months. The fixed assets acquired under hire purchase agreements are for recorded as assets of the Company at their cash price. The Company will register assets in the name of the Company upon the completion of payments. 4.11 Leases › where Company and subsidiary are the lessee Leases of equipment where the Company assumes substantially all the benefits and risks of ownership are classified as finance leases. Finance leases are capitalized at the fair value of leases of assets or estimated present value of the underlying lease payments whichever is lower. Each lease payment is allocated between the liability and finance charges so as to achieve a constant rate on the outstanding finance balance. Future lease payments net of financial charges are recognized as liabilities under financial lease agreements. The interest expense is charged to statement of income over the lease period. Assets acquired under finance lease agreements are depreciated over the useful lives of the assets. Leases of assets under which all the risks and benefits of ownership are effectively retained by the lessor are classified as operating leases. Payments made under operating leases are charged to statements of income on a straight › line basis over the lease period. When an operating lease is terminated before expiry date of the lease period, any payment required to be made to the lessor by way of penalty is recognized as an expense in the period in which termination takes place. 4.12 Leases › where Company and subsidiary are the lessor Assets leased out under operating leases are recorded as assets under building and equipment in the balance sheet. The Company calculates depreciation of these assets over their expected useful lives on a basis consistent with other similar assets. Rental income is recognized on a straight › line basis over the lease period. 4.13 Revenue recognition Sales are recognized upon delivery of merchandises to customers, net of sales taxes and discounts. Interest income and other income are recognized on an accrual basis.

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√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

√“¬‰¥â§à“ àß‡ √‘¡°“√¢“¬ √—∫√Ÿâ√“¬‰¥â‡¡◊ËÕ‰¥â√—∫Õπÿ¡—μ‘®“°ºŸâ¢“¬·≈â« ‡ß‘πªíπº≈√—∫ √—∫√Ÿâ‡ªìπ√“¬‰¥â‡¡◊ËÕ¡’ ‘∑∏‘„π°“√√—∫‡ß‘πªíπº≈ √“¬‰¥â®“°‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È √—∫√Ÿâ‚¥¬μ—¥®”Àπà“¬¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È·μà≈–ß«¥μ“¡«‘∏’Õ—μ√“¥Õ°‡∫’È¬∑’Ë·∑â®√‘ß ‚¥¬§‘¥≈¥¡Ÿ≈§à“ªí®®ÿ∫—π¢Õßª√–¡“≥°“√°√–· ‡ß‘π ¥√—∫∑’Ë§“¥«à“®–‡°Á∫‰¥â®“°¡Ÿ≈§à“‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È∑—ÈßÀ¡¥ ∫√‘…—∑¬àÕ¬ª√–‡¡‘π°√–· ‡ß‘π ¥∑’Ë§“¥«à“®–‡°Á∫‰¥â®“°‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’ÈÕ¬à“ß ¡Ë”‡ ¡Õ ‚¥¬®–√—∫√Ÿâ√“¬°“√¢“¥∑ÿπ®“°°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È¥—ß°≈à“«∑—π∑’ ‡¡◊ËÕ¡’À≈—°∞“πÕ¬à“ßπà“‡™◊ËÕ∂◊Õ«à“ª√–¡“≥°“√°√–· ‡ß‘π ¥≈¥≈ßÕ¬à“ß¡’ “√– ”§—≠ „π°√≥’∑’Ëæ∫«à“ª√–¡“≥°“√°√–· ‡ß‘π ¥∑’Ë§“¥«à“®–‰¥â√—∫®“°°“√‡√’¬°‡°Á∫Àπ’È‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È¡’®”π«π‡æ‘Ë¡¢÷Èπ ∫√‘…—∑¬àÕ¬®–∑”°“√§”π«≥Õ—μ√“¥Õ°‡∫’È¬∑’Ë·∑â®√‘ß¢Õß‡ß‘π≈ß∑ÿπ≈Ÿ°Àπ’È„À¡àπ—∫®“°ß«¥∑’Ë¡’°“√‡ª≈’Ë¬π·ª≈ß ·≈–°≈—∫√“¬°“√¢“¥∑ÿπ®“°°“√¥âÕ¬§à“∑’Ë∫—π∑÷°‰ª·≈â«°àÕπ∑’Ë®–‡√‘Ë¡„™âÕ—μ√“¥Õ°‡∫’È¬„À¡à ∫√‘…—∑¬àÕ¬√—∫√Ÿâ√“¬‰¥â§à“∫√‘°“√μ‘¥μ“¡Àπ’È ‘π‡¡◊ËÕ‰¥â„Àâ∫√‘°“√·°à≈Ÿ°§â“·≈â«μ“¡Õ—μ√“∑’Ëμ°≈ß°—π 4.14 ‡ß‘π°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‰¥â®—¥μ—Èß°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ ´÷Ëß°”Àπ¥„Àâæπ—°ß“π·≈–∫√‘…—∑®à“¬ ¡∑∫‡¢â“°Õß∑ÿπ ‚¥¬∑’Ë ‘π∑√—æ¬å¢Õß°Õß∑ÿπ‰¥â·¬°ÕÕ°®“° ‘π∑√—æ¬å¢Õß∫√‘…—∑ ·≈–∫√‘À“√‚¥¬ºŸâ®—¥°“√°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æºŸâ√—∫Õπÿ≠“μ ‡ß‘π®à“¬ ¡∑∫‡¢â“°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ¢Õß∫√‘…—∑∫—π∑÷°‡ªìπ§à“„™â®à“¬„πß∫°”‰√¢“¥∑ÿπ ”À√—∫√Õ∫√–¬–‡«≈“∫—≠™’ ∑’Ë‡°’Ë¬«¢âÕß 4.15 ¿“…’‡ß‘π‰¥â ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬μ—Èß§â“ß®à“¬¿“…’‡ß‘π‰¥â (∂â“¡’) μ“¡®”π«π∑’Ë§”π«≥‰¥âμ“¡‡ß◊ËÕπ‰¢∑’Ë°”Àπ¥‰«â„πª√–¡«≈√—…Æ“°√ 4.16 °“√·ª≈ß§à“‡ß‘πμ√“μà“ßª√–‡∑» ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬·ª≈ß§à“√“¬°“√∑’Ë‡ªìπ‡ß‘πμ√“μà“ßª√–‡∑»„Àâ‡ªìπ‡ß‘π∫“∑‡æ◊ËÕ°“√∫—π∑÷°∫—≠™’‚¥¬„™âÕ—μ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë∑’Ë‡°‘¥√“¬°“√ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‡ªìπμ—«‡ß‘π∑’Ë¡’¡Ÿ≈§à“‡ªìπ °ÿ≈‡ß‘πμ√“μà“ßª√–‡∑» ·≈–¡’¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë„πß∫¥ÿ≈ ·ª≈ß§à“‡ªìπ‡ß‘π∫“∑‚¥¬„™âÕ—μ√“·≈°‡ª≈’Ë¬π ≥ «—ππ—Èπ °”‰√·≈–¢“¥∑ÿπ∑’Ë‡°‘¥®“°°“√√—∫À√◊Õ®à“¬™”√–‡ß‘πμ√“μà“ßª√–‡∑»·≈–∑’Ë‡°‘¥®“°°“√·ª≈ß§à“ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë¡’¡Ÿ≈§à“‡ªìπ °ÿ≈‡ß‘πμ√“μà“ßª√–‡∑»¥—ß°≈à“« √—∫√Ÿâ‡ªìπ°”‰√À√◊Õ¢“¥∑ÿπ„πß∫°”‰√¢“¥∑ÿπ 4.17 ‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π ‘π∑√—æ¬å∑“ß°“√‡ß‘π∑’Ë· ¥ß„πß∫¥ÿ≈ª√–°Õ∫¥â«¬‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√ ‡ß‘π≈ß∑ÿπ ≈Ÿ°Àπ’È°“√§â“ Àπ’È ‘π∑“ß°“√‡ß‘π∑’Ë· ¥ß„πß∫¥ÿ≈ª√–°Õ∫¥â«¬‡®â“Àπ’È°“√§â“ —≠≠“‡™à“∑“ß°“√‡ß‘π ·≈–‡ß‘π°Ÿâ¬◊¡ π‚¬∫“¬°“√∫—≠™’‡©æ“– ”À√—∫√“¬°“√·μà≈–√“¬°“√‰¥â‡ªî¥‡º¬·¬°‰«â„π·μà≈–À—«¢âÕ∑’Ë‡°’Ë¬«¢âÕß 4.18 ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π®”·π°μ“¡ à«πß“π ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π®”·π°μ“¡ à«πß“π®–· ¥ß¢âÕ¡Ÿ≈‡°’Ë¬«°—∫º≈‘μ¿—≥±å·≈–∫√‘°“√μà“ßÊ ¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬π”‡ πÕ à«πß“π∏ÿ√°‘®‡ªìπ√Ÿª·∫∫À≈—°„π°“√√“¬ß“π ‚¥¬æ‘®“√≥“®“°√–∫∫°“√∫√‘À“√®—¥°“√ ·≈–‚§√ß √â“ß°“√√“¬ß“π∑“ß°“√‡ß‘π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‡ªìπ‡°≥±å„π°“√°”Àπ¥ à«πß“π 4.19 °“√®à“¬‡ß‘πªíπº≈ ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬∫—π∑÷°‡ß‘πªíπº≈®à“¬„πß∫°“√‡ß‘π„π√Õ∫√–¬–‡«≈“∫—≠™’´÷Ëß∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπÀ√◊Õ§≥–°√√¡°“√¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ‰¥âÕπÿ¡—μ‘°“√®à“¬‡ß‘πªíπº≈ 4.20 °”‰√μàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√μàÕÀÿâπ¢—Èπæ◊Èπ∞“π §”π«≥‚¥¬°“√À“√°”‰√ ÿ∑∏‘ ”À√—∫ªï¥â«¬®”π«π∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°¢ÕßÀÿâπ “¡—≠∑’Ë‰¥â√—∫™”√–·≈â«„π√–À«à“ßªï 4.21 °“√„™âª√–¡“≥°“√∑“ß°“√∫—≠™’ „π°“√®—¥∑”ß∫°“√‡ß‘πμ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª ΩÉ“¬∫√‘À“√¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬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


A n n u a l R e p o r t 2 0 0 7

Rental income and facilities services income on leased assets are recognized under the term of the agreements. Sales promotion and incentive income is recognized as income when obtained approval from suppliers. Dividend income is recognized when upon the declaration of the right to receive. Revenue from investments in accounts receivable is recognized on amortization of value in each period by using effective rate. Estimate recoverable amount of investments in accounts receivable is calculated from the anticipated discounted cash flows to their present value. The subsidiary company regularly re-assesses its cash flows from collection of investments in accounts receivable which recognized loss on impairment immediately, when there is an indication of significant decrease cash flows. In the event of the increase in estimated cash flows, the subsidiary company will re-calculate the new effective rates in investments in account receivable from the period of changes with the reversal of loss on impairment before using the new effective rates. The subsidiary company recognized service income from debt collection when service is rendered to the customers based on the agreed rates. 4.14 Provident fund The Company and subsidiary set up a registered provident fund contributed by employees and by the Company for which assets are held in a separate trusteed fund and manages by authorized fund manager. The Company contributions are charged to the statement of income in the period in which they relate. 4.15 Income tax The Company and subsidiary account for accrued income tax (if any) based on the provisions of the Revenue Code. 4.16 Foreign currency translation The Company and subsidiary translated foreign currency transactions into Thai Baht for bookkeeping purposes at the exchange rates prevailing at the dates of the transactions. Balances of monetary assets and liabilities, denominated in foreign currency, at the balance sheet date are translated into Baht at the exchange rates at that date. Gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities, denominated in foreign currencies, are recognized as gain or loss in the statement of income. 4.17 Financial instruments Financial assets in the balance sheet include cash and bank balances, investments and trade accounts receivable. Financial liabilities in the balance sheet include trade accounts payable, financial leases and borrowings. The accounting policies for each particular transaction are disclosed under separate sections associated with each item. 4.18 Segment information Segment information is presented in respect of the Company and subsidiary businesses. The primary format, business segments, is based on the Company and subsidiary management and internal reporting structure. 4.19 Dividend payment The Company records dividend payment in the financial statements in the period in which they are approved by the Shareholders or Board of Directors of the Company. 4.20 Basic earnings per share Basic earnings per share is determined by dividing net income for the year by the weighted average number of common shares outstanding during the year. 4.21 Use of accounting estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management of the Company and subsidiary to make estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenses and disclosure of contingent assets and liabilities. Actual results may differ from those estimates.

64 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

4.22 ª√–¡“≥°“√Àπ’È ‘π·≈–§à“„™â®à“¬ ·≈– ‘π∑√—æ¬å∑’ËÕ“®‡°‘¥¢÷Èπ ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬®–∫—π∑÷°ª√–¡“≥°“√Àπ’È ‘π·≈–§à“„™â®à“¬‰«â„πß∫°“√‡ß‘π‡¡◊ËÕ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’¿“√–ºŸ°æ—πμ“¡°ÆÀ¡“¬À√◊Õ‡ªìπ¿“√–ºŸ°æ—π∑’Ë§àÕπ¢â“ß·πàπÕπ∑’Ë¡’º≈ ◊∫‡π◊ËÕß®“°‡Àμÿ°“√≥å„πÕ¥’μ ´÷ËßÕ“®∑”„Àâ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬μâÕß™”√–À√◊Õ™¥„™âμ“¡¿“√–ºŸ°æ—ππ—Èπ ·≈–®”π«π∑’ËμâÕß™¥„™â¥—ß°≈à“« “¡“√∂ª√–¡“≥‰¥âÕ¬à“ß ¡‡Àμÿ ¡º≈ ‘π∑√—æ¬å∑’ËÕ“®‡°‘¥¢÷Èπ®–∂Ÿ°√—∫√Ÿâ‡ªìπ ‘π∑√—æ¬å·¬°μà“ßÀ“° ‡¡◊ËÕ¡’ªí®®—¬ π—∫ πÿπ«à“®–‰¥â√—∫§◊π·πàπÕπ 5. ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ª√–°Õ∫¥â«¬√“¬°“√¥—ßμàÕ‰ªπ’È :- (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 2550 2549

‡ß‘π ¥„π¡◊Õ 10,000 10,000 - - ‡ß‘π ¥®“°°“√¢“¬ ‘π§â“ √Õπ”Ω“°∏π“§“√ 14,328,814 14,775,756 14,328,814 14,775,756 ∫—μ√‡ß‘π ¥ 10,650 1,165,490 10,650 1,165,490 ‡ß‘πΩ“°°√–· √“¬«—π 37,425,819 31,459,212 34,371,440 28,807,600 ‡ß‘πΩ“°ÕÕ¡∑√—æ¬å 925,190 9,331,434 58,691 89,135 √«¡ 52,700,473 56,741,892 48,769,595 44,837,981 ‡ß‘πΩ“°ÕÕ¡∑√—æ¬å ¡’Õ—μ√“¥Õ°‡∫’È¬≈Õ¬μ—« μ“¡Õ—μ√“∑’Ë∏π“§“√°”Àπ¥ 6. ‡ß‘π≈ß∑ÿπ„πÀ≈—°∑√—æ¬å‡æ◊ËÕ§â“ (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 √“§“∑ÿπ ¡Ÿ≈§à“¬ÿμ‘∏√√¡ √“§“∑ÿπ ¡Ÿ≈§à“¬ÿμ‘∏√√¡

À≈—°∑√—æ¬å‡æ◊ËÕ§â“ À≈—°∑√—æ¬å®¥∑–‡∫’¬π - - 2,100,000 2,100,000 À—° : §à“‡º◊ËÕ°“√ª√—∫¡Ÿ≈§à“ - - - - À≈—°∑√—æ¬å‡æ◊ËÕ§â“ › ÿ∑∏‘ - - 2,100,000 2,100,000 7. ≈Ÿ°Àπ’È°“√§â“ ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ·¬°μ“¡Õ“¬ÿÀπ’È∑’Ë§â“ß™”√–‰¥â¥—ßπ’È : (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ Õ“¬ÿÀπ’È§â“ß™”√– 2550 2549 2550 2549

¬—ß‰¡à∂÷ß°”Àπ¥™”√– 137,115,354 125,070,162 135,813,876 122,754,565 §â“ß™”√– ‰¡à‡°‘π 3 ‡¥◊Õπ 24,695,784 16,454,110 22,600,630 12,940,884 3 - 6 ‡¥◊Õπ 1,946,299 1,456,914 1,670,317 1,349,086 6 - 12 ‡¥◊Õπ 1,602,133 2,003,127 314,045 1,992,407 ¡“°°«à“ 12 ‡¥◊Õπ 9,728,552 6,577,172 7,744,212 6,578,172 √«¡ 175,088,122 151,561,485 168,143,080 145,615,114 À—° : §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ (7,854,962) (6,898,952) (7,854,962) (6,898,952) ≈Ÿ°Àπ’È°“√§â“ › ÿ∑∏‘ 167,233,160 144,662,533 160,288,118 138,716,162


A n n u a l R e p o r t 2 0 0 7

4.22 Provisions for liabilities and expenses, and contingent assets The Company and subsidiary recognize provisions for liabilities and expenses in the financial statements when the Company and subsidiary have present legal or constructive obligations as a result of past events with probable outflow of resources to settle the obligation, and where a reliable estimate of the amount can be made. The contingent asset will be recognized as a separate asset only when the realization is virtually certain. 5. CASH AND CASH EQUIVALENTS The outstanding balances as at 31 December 2007 and 2006 are as follows : (Unit : Baht) CONSOLIDATED SEPARATE F/S 2007 2006 2007 2006

Cash on hand 10,000 10,000 - - Undeposited collection from sales 14,328,814 14,775,756 14,328,814 14,775,756 Cash cards 10,650 1,165,490 10,650 1,165,490 Bank deposits - current accounts 37,425,819 31,459,212 34,371,440 28,807,600 Bank deposits - saving accounts 925,190 9,331,434 58,691 89,135 Total 52,700,473 56,741,892 48,769,595 44,837,981 Saving deposits with banks bear interest at the floating rate of depository banks. 6. INVESTMENT IN SECURITIES HELD FOR TRADING (Unit : Baht) CONSOLIDATED AND SEPARATE F/S 2007 2006 Cost Fair value Cost Fair value

Securities for Trading : Listed security - - 2,100,000 2,100,000 Less : Change in fair value of securities - - - - Securities for Trading - net - - 2,100,000 2,100,000 7. TRADE ACCOUNTS RECEIVABLE The aged balances of accounts receivable as at 31 December 2007 and 2006 are as follows : (Unit : Baht) CONSOLIDATED SEPARATE F/S Ages of receivable 2007 2006 2007 2006

Not yet due 137,115,354 125,070,162 135,813,876 122,754,565 Past due Less than 3 months 24,695,784 16,454,110 22,600,630 12,940,884 3 - 6 months 1,946,299 1,456,914 1,670,317 1,349,086 6 - 12 months 1,602,133 2,003,127 314,045 1,992,407 Over 12 months 9,728,552 6,577,172 7,744,212 6,578,172 Total 175,088,122 151,561,485 168,143,080 145,615,114 Less : Allowance for doubtful accounts (7,854,962) (6,898,952) (7,854,962) (6,898,952) Trade accounts receivable - net 167,233,160 144,662,533 160,288,118 138,716,162

66 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

≈Ÿ°Àπ’È°“√§â“·¬°μ“¡ª√–‡¿∑∏ÿ√°‘®‰¥â¥—ßπ’È : (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 2550 2549

≈Ÿ°Àπ’È®“°°“√¢“¬ ‘π§â“ 164,649,931 140,723,152 164,649,930 140,723,152 ≈Ÿ°Àπ’È§à“‡™à“ ·≈–§à“∫√‘°“√∑’Ë‡°’Ë¬«¢âÕß 3,493,150 4,891,962 3,493,150 4,891,962 ≈Ÿ°Àπ’È§à“∫√‘°“√μ‘¥μ“¡Àπ’È ‘π 6,945,041 5,946,371 - - √«¡ 175,088,122 151,561,485 168,143,080 145,615,114 À—° : §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ (7,854,962) (6,898,952) (7,854,962) (6,898,952) ≈Ÿ°Àπ’È°“√§â“ › ÿ∑∏‘ 167,233,160 144,662,533 160,288,118 138,716,162 ∫√‘…—∑‰¥âª√–‡¡‘π§«“¡‡ ’Ë¬ß®“°°“√‡√’¬°‡°Á∫‡ß‘π®“°≈Ÿ°Àπ’ÈÕ¬à“ß ¡Ë”‡ ¡Õ ∑—Èßπ’È∫√‘…—∑‡™◊ËÕ«à“§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠∑’Ë‰¥â∫—π∑÷°‰«â„π∫—≠™’π—Èπ‡À¡“– ¡·≈â« ∫√‘…—∑¬àÕ¬‰¡à§“¥«à“®–¡’Àπ’È Ÿ≠®“°§à“∫√‘°“√μ‘¥μ“¡Àπ’È ‡π◊ËÕß®“°∫√‘…—∑√—∫√Ÿâ√“¬‰¥â§à“∫√‘°“√‡¡◊ËÕ¡’°“√¬◊π¬—π¬Õ¥°—∫ºŸâ„™â∫√‘°“√·≈â« 8. ‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È ‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È ‡ªìπ‡ß‘π≈ß∑ÿπ´÷Ëß∫√‘…—∑¬àÕ¬√—∫´◊ÈÕ≈¥ ‚¥¬°“√¬◊Ëπ´Õßª√–¡Ÿ≈®“°∫√‘…—∑ºŸâ„Àâ ‘π‡™◊ËÕ∑“ß°“√‡ß‘π ‡æ◊ËÕ°“√μ‘¥μ“¡‡√’¬°‡°Á∫Àπ’È ∑—Èßπ’È ‡ß‘π≈ß∑ÿπ¢Õß∫√‘…—∑¬àÕ¬·¬°μ“¡°≈ÿà¡≈Ÿ°Àπ’È‰¥â ¥—ßπ’È (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ 2550 2549 ®”π«π —≠≠“ ®”π«π‡ß‘π ®”π«π —≠≠“ ®”π«π‡ß‘π

≈Ÿ°Àπ’È‡™à“´◊ÈÕ 9,507 3,739,648 9,768 5,598,565 ≈Ÿ°Àπ’È ‘π‡™◊ËÕ‡ß‘π ¥π‘«¡‘π‘‡æ¬å 8,957 3,690,230 9,003 9,246,400 ≈Ÿ°Àπ’È ‘π‡™◊ËÕ‡ß‘π ¥ 11,692 9,060,001 11,837 14,987,730 ≈Ÿ°Àπ’È ‘π‡™◊ËÕ‡ß‘π ¥¡‘π‘‡æ¬å 8,183 5,717,782 8,244 9,048,277 ≈Ÿ°Àπ’È ‘π‡™◊ËÕ à«π∫ÿ§§≈ 6,085 15,824,159 - - √«¡ 44,424 38,031,820 38,852 38,880,972 ´÷Ëßμ“¡ —≠≠“´◊ÈÕ≈¥≈Ÿ°Àπ’È ∫√‘…—∑¬àÕ¬‰¡à¡’ ‘∑∏‘‰≈à‡∫’È¬®“°ºŸâ¢“¬Àπ’È„π°√≥’∑’Ë∫√‘…—∑¬àÕ¬‡√’¬°‡°Á∫‡ß‘π‰¡à‰¥â ∑—Èßπ’È∫√‘…—∑®–ª√–‡¡‘π¡Ÿ≈§à“¢Õß≈Ÿ°Àπ’È∑’Ë√—∫´◊ÈÕ≈¥·μà≈–√“¬‡ªìπ§√—Èß§√“« ·≈–®–μ—¥∫—≠™’≈Ÿ°Àπ’È·μà≈–√“¬‡¡◊ËÕæ‘®“√≥“‰¥â«à“ ®–‰¡à “¡“√∂‡√’¬°‡°Á∫Àπ’È√“¬π—ÈπÊ ‰¥â·≈â« ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ∫√‘…—∑¡’‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È§ß‡À≈◊Õ‡ªìπ®”π«π 38.03 ≈â“π∫“∑ ·≈– 38.89 ≈â“π∫“∑ μ“¡≈”¥—∫ „π√–À«à“ßªï ∫√‘…—∑¡’√“¬°“√‡§≈◊ËÕπ‰À«¢Õß‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È¥—ßμàÕ‰ªπ’È (Àπà«¬ : ∫“∑) 2549 ´◊ÈÕ‡ß‘π≈ß∑ÿπ‡æ‘Ë¡ μ—¥®”Àπà“¬√–À«à“ßªï 2550

‡ß‘π≈ß∑ÿπ„π≈Ÿ°Àπ’È‡æ‘Ë¡¢÷Èπ (≈¥≈ß) 38,880,972 15,895,725 (16,744,877) 38,031,820 9. ‘π§â“§ß‡À≈◊Õ (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡·≈– ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549

‘π§â“§ß‡À≈◊Õ 611,698,762 516,100,093 ‘π§â“√–À«à“ß∑“ß 93,299,501 59,444,311 À—° : ”√Õß‡º◊ËÕº≈¢“¥∑ÿπ®“° ‘π§â“‡ ◊ËÕ¡ ¿“æ ·≈–≈â“ ¡—¬ (7,980,856) (3,169,920) ‘π§â“§ß‡À≈◊Õ › ÿ∑∏‘ 697,017,407 572,374,484


A n n u a l R e p o r t 2 0 0 7

The trade accounts receivable classified by type of businesses are as follows : (Unit : Baht) CONSOLIDATED SEPARATE F/S 2007 2006 2007 2006

Accounts receivable from sales 164,649,931 140,723,152 164,649,930 140,723,152 Accounts receivable from rental and related services 3,493,150 4,891,962 3,493,150 4,891,962 Accounts receivable › debt collection 6,945,041 5,946,371 - - Total 175,088,122 151,561,485 168,143,080 145,615,114 Less : Allowance for doubtful accounts (7,854,962) (6,898,952) (7,854,962) (6,898,952) Trade accounts receivable - net 167,233,160 144,662,533 160,288,118 138,716,162 The Company regularly evaluates risk factor from the collection of receivables. The Company believes that the booked balance of allowance for doubtful accounts is appropriate. The subsidiary company does not expect to incur loss from debt collection service because the subsidiary company recognized service income after confirmation with customers. 8. INVESTMENTS IN ACCOUNTS RECEIVABLE The investments in accounts receivable represent investments which a subsidiary acquired from bidding from credit service companies at discounted values for debt collection. The investments portfolio classified by group of debtors are as follow : (Unit : Baht) CONSOLIDATED 2007 2006 No.of contracts Amount No. of contracts Amount

Accounts receivable › Hire purchases 9,507 3,739,648 9,768 5,598,565 Accounts receivable › Personal loans (New Mini Pay) 8,957 3,690,230 9,003 9,246,400 Accounts receivable › Personal loans (Cash) 11,692 9,060,001 11,837 14,987,730 Accounts receivable › Personal loans (Mini Pay) 8,183 5,717,782 8,244 9,048,277 Accounts receivable › Personal loans 6,085 15,824,159 - - Total 44,424 38,031,820 38,852 38,880,972 Under the purchase contracts at the discounted values of receivables, the subsidiary company takes all the risks in the collection without recourse. The subsidiary company regularly evaluates risk factor for each individual and write off accounts receivable when accounts are no longer collectible. As at 31 December 2007 and 2006, the Company has investments in accounts receivable totalling Baht 38.03 million and Baht 38.89 million, respectively. During the year, the Company had movement in investment in accounts receivable as follow : (Unit : Baht) 2006 Purchase investments Amortisation 2007

Increase (decrease) in investment in accounts receivable 38,880,972 15,895,725 (16,744,877) 38,031,820 9. INVENTORIES (Unit : Baht) CONSOLIDATED AND SEPARATE F/S 2007 2006 Inventories 611,698,762 516,100,093 Goods in transit 93,299,501 59,444,311 Less : Allowance for slow › moving and obsolete inventories (7,980,856) (3,169,920) Inventories › net 697,017,407 572,374,484

68 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

10. √“¬‰¥â§â“ß√—∫ (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 2550 2549

√“¬‰¥â®“°°“√¢“¬·≈–∫√‘°“√§â“ß√—∫ 37,649,941 33,518,399 15,680,336 18,022,020 ‡ß‘π™¥‡™¬§à“ ‘π§â“§â“ß√—∫ 34,818,542 13,186,943 34,818,542 13,186,944 √“¬‰¥â àß‡ √‘¡°“√¢“¬§â“ß√—∫ 16,384,317 5,850,306 16,384,317 5,850,306 Õ◊ËπÊ 2,231,559 4,176,012 5,731,498 4,176,012 √«¡ 91,084,359 56,731,660 72,614,693 41,235,282 11. ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ∑ÿπ™”√–·≈â« —¥ à«π‡ß‘π≈ß∑ÿπ (√âÕ¬≈–) «‘∏’√“§“∑ÿπ (ª√—∫ª√ÿß„À¡à) ª√–‡¿∑°‘®°“√ 2550 2549 2550 2549 2550 2549 ‡ß‘πªíπº≈√—∫ ∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡® ‡ÕÁ¡ ∑’ ‡πÁ∑‡«Õ√å§ ‡´Õ√å«‘ ‡´Á ®”°—¥ ∫√‘°“√μ‘¥μ“¡Àπ’È ‘π 40,000,000 10,000,000 99.99 99.99 39,999,300 9,998,600 30,396,173 √«¡ 39,999,300 9,998,600 30,396,173 12. ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’‡ß‘πΩ“°ª√–®”∑’Ë«“ß‰«â°—∫∏π“§“√‡æ◊ËÕ‡ªìπÀ≈—°ª√–°—π«ß‡ß‘π‡∫‘°‡°‘π∫—≠™’ ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« Àπ—ß ◊Õ§È”ª√–°—π∑’Ë∏π“§“√ÕÕ°„Àâ„ππ“¡¢Õß∫√‘…—∑ ·≈–∫√‘…—∑¬àÕ¬ ‡ªìπ®”π«π‡ß‘π√«¡ 276.9 ≈â“π∫“∑ ·≈– 335.8 ≈â“π∫“∑ μ“¡≈”¥—∫ ( à«π¢Õß∫√‘…—∑ : 275.1 ≈â“π∫“∑ ·≈– 332.9 ≈â“π∫“∑ μ“¡≈”¥—∫) ´÷Ëß¡’Õ—μ√“¥Õ°‡∫’È¬√âÕ¬≈– 2.00 › 3.00 μàÕªï ·≈– 1.75 - 4.87 μàÕªï μ“¡≈”¥—∫ 13. Õ“§“√ ·≈–Õÿª°√≥å (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ 2549 ‡æ‘Ë¡¢÷Èπ ≈¥≈ß ‚Õπ‡¢â“ (ÕÕ°) 2550

√“§“∑ÿπ à«πª√—∫ª√ÿßÕ“§“√ 18,980,000 - - - 18,980,000 §à“μ°·μàß ”π—°ß“π 103,188,922 19,217,459 6,276,639 365,552 116,495,294 ‡§√◊ËÕß„™â ”π—°ß“π 104,102,433 17,139,757 9,069,298 - 112,172,892 ‡§√◊ËÕß¡◊Õ·≈–Õÿª°√≥å 2,752,959 6,300 - - 2,759,259 ¬“πæ“Àπ– 31,714,389 - - - 31,714,389 ‘π∑√—æ¬å√–À«à“ß°àÕ √â“ß 365,552 - - (365,552) - √«¡ 261,104,255 36,363,516 15,345,937 - 282,121,834 À—° : §à“‡ ◊ËÕ¡√“§“ – ¡ à«πª√—∫ª√ÿßÕ“§“√ 7,123,999 1,898,000 - - 9,021,999 §à“μ°·μàß ”π—°ß“π 68,952,349 13,505,809 4,017,229 - 78,440,929 ‡§√◊ËÕß„™â ”π—°ß“π 68,537,170 17,562,756 7,507,067 - 78,592,859 ‡§√◊ËÕß¡◊Õ·≈–Õÿª°√≥å 2,670,570 51,638 - - 2,722,208 ¬“πæ“Àπ– 15,953,507 5,910,639 - - 21,864,146 √«¡ 163,237,595 38,928,842 11,524,296 - 190,642,141 Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘ 97,866,660 91,479,693


A n n u a l R e p o r t 2 0 0 7

10. ACCRUED INCOME (Unit : Baht) CONSOLIDATED SEPARATE F/S 2007 2006 2007 2006

Accrued income from sales and services 37,649,941 33,518,399 15,680,336 18,022,020 Accrued income on compensation for goods 34,818,542 13,186,943 34,818,542 13,186,944 Accrued promotion income 16,384,317 5,850,306 16,384,317 5,850,306 Others 2,231,559 4,176,012 5,731,498 4,176,012 Total 91,084,359 56,731,660 72,614,693 41,235,282 11. INVESTMENT IN SUBSIDIARY COMPANY (Unit : Baht) SEPARATE F/S Investment Percentage of Paid - up capital shareholding Cost method (Restated) Nature of business 2007 2006 2007 2006 2007 2006 Dividend Subsidiary company JMT Network Services Co., Ltd. Debt collection 40,000,000 10,000,000 99.99 99.99 39,999,300 9,998,600 30,396,173 Total 39,999,300 9,998,600 30,396,173 12. RESTRICTED DEPOSITS WITH FINANCIAL INSTITUTIONS As at 31 December 2007 and 2006, the Companyûs and its subsidiaryûs fixed deposits totalling Baht 276.9 million and Baht 335.8 million, respectively, (the Companyûs portions are Baht 275.1 million and Baht 332.9 million, respectively), have been placed with banks as collaterals for bank overdraft facilities and bank guarantees issued by banks on behalf of the Company and its subsidiary. These fixed deposits bear interest at rates of 2.00 to 3.00 percent per annum and 1.75 to 4.87 percent per annum, respectively. 13. BUILDING AND EQUIPMENT (Unit : Baht) CONSOLIDATED 2006 Increase Decrease Transfer in (out) 2007

Cost Building improvement 18,980,000 - - - 18,980,000 Office furniture 103,188,922 19,217,459 6,276,639 365,552 116,495,294 Office equipment 104,102,433 17,139,757 9,069,298 - 112,172,892 Tools and equipments 2,752,959 6,300 - - 2,759,259 Vehicles 31,714,389 - - - 31,714,389 Assets under installation 365,552 - - (365,552) - Total 261,104,255 36,353,516 15,345,937 - 282,121,834 Less : accumulated depreciation Building improvement 7,123,999 1,898,000 - - 9,021,999 Office furniture 68,952,349 13,505,809 4,017,229 - 78,440,929 Office equipment 68,537,170 17,562,756 7,507,067 - 78,592,859 Tools and equipment 2,670,570 51,638 - - 2,722,208 Vehicles 15,953,507 5,910,639 - - 21,864,146 Total 163,237,595 38,928,842 11,524,296 - 190,642,141

Building and equipment › net 97,866,660 91,479,693

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(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2549 ‡æ‘Ë¡¢÷Èπ ≈¥≈ß ‚Õπ‡¢â“ (ÕÕ°) 2550

√“§“∑ÿπ à«πª√—∫ª√ÿßÕ“§“√ 18,980,000 - - - 18,980,000 §à“μ°·μàß ”π—°ß“π 102,707,342 19,028,474 6,183,324 365,552 115,918,044 ‡§√◊ËÕß„™â ”π—°ß“π 85,499,494 11,731,990 8,189,071 - 89,042,413 ‡§√◊ËÕß¡◊Õ·≈–Õÿª°√≥å 2,745,959 3,700 - 2,749,659 ¬“πæ“Àπ– 29,542,123 - - - 29,542,123 ‘π∑√—æ¬å√–À«à“ß°àÕ √â“ß 365,552 - - (365,552) - √«¡ 239,840,470 30,764,164 14,372,395 - 256,232,239 À—° : §à“‡ ◊ËÕ¡√“§“ – ¡ à«πª√—∫ª√ÿßÕ“§“√ 7,123,999 1,898,000 - - 9,021,999 §à“μ°·μàß ”π—°ß“π 68,739,926 13,381,703 4,006,248 - 78,115,381 ‡§√◊ËÕß„™â ”π—°ß“π 59,866,720 12,862,229 7,213,134 - 65,515,815 ‡§√◊ËÕß¡◊Õ·≈–Õÿª°√≥å 2,669,404 49,969 - - 2,719,373 ¬“πæ“Àπ– 14,318,392 5,748,534 - - 20,066,926 √«¡ 152,718,441 33,940,435 11,219,382 - 175,439,494 Õ“§“√ ·≈–Õÿª°√≥å › ÿ∑∏‘ 87,122,029 80,792,745 §à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’®”π«π‡ß‘πª√–¡“≥ 38.9 ≈â“π∫“∑ ·≈– 44.3 ≈â“π∫“∑ μ“¡≈”¥—∫ ( à«π¢Õß∫√‘…—∑ª√–¡“≥ 33.9 ≈â“π∫“∑ ·≈– 38.6 ≈â“π∫“∑ μ“¡≈”¥—∫) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’Õÿª°√≥å®”π«πÀπ÷Ëß´÷Ëßμ—¥§à“‡ ◊ËÕ¡√“§“À¡¥·≈â«·μà¬—ß„™âß“πÕ¬Ÿà √“§“∑ÿπ°àÕπÀ—°§à“‡ ◊ËÕ¡√“§“ – ¡¢Õß ‘π∑√—æ¬å¥—ß°≈à“«¡’®”π«π‡ß‘πª√–¡“≥ 112.5 ≈â“π∫“∑ ·≈– 71.3 ≈â“π∫“∑ μ“¡≈”¥—∫ ( à«π¢Õß∫√‘…—∑ : 108.3 ≈â“π∫“∑ ·≈– 69.6 ≈â“π∫“∑ μ“¡≈”¥—∫) 14. ‚ª√·°√¡§Õ¡æ‘«‡μÕ√å (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ 2549 ‡æ‘Ë¡¢÷Èπ ≈¥≈ß 2550

√“§“∑ÿπ 46,922,185 394,842 32,000 47,285,027 À—° : §à“μ—¥®”Àπà“¬ – ¡ (29,821,170) (6,311,165) 31,996 (36,100,339) ÿ∑∏‘ 17,101,015 11,184,688 §à“μ—¥®”Àπà“¬ ”À√—∫ªï 8,577,600 6,311,165 (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2549 ‡æ‘Ë¡¢÷Èπ ≈¥≈ß 2550

√“§“∑ÿπ 34,271,115 180,095 32,000 34,419,210 À—° : §à“μ—¥®”Àπà“¬ – ¡ (27,482,208) (3,744,720) 31,996 (31,194,932) ÿ∑∏‘ 6,788,907 3,224,278 §à“μ—¥®”Àπà“¬ ”À√—∫ªï 6,398,687 3,744,720


A n n u a l R e p o r t 2 0 0 7

(Unit : Baht) SEPARATE F/S 2006 Increase Decrease Transfer in (out) 2007

Cost Building improvement 18,980,000 - - - 18,980,000 Office furniture 102,707,342 19,028,474 6,183,324 365,552 115,918,044 Office equipment 85,499,494 11,731,990 8,189,071 - 89,042,413 Tools and equipments 2,745,959 3,700 - 2,749,659 Vehicles 29,542,123 - - - 29,542,123 Assets under installation 365,552 - - (365,552) - Total 239,840,470 30,764,164 14,372,395 - 256,232,239 Less : accumulated depreciation Building improvement 7,123,999 1,898,000 - - 9,021,999 Office furniture 68,739,926 13,381,703 4,006,248 - 78,115,381 Office equipment 59,866,720 12,862,229 7,213,134 - 65,515,815 Tools and equipment 2,669,404 49,969 - - 2,719,373 Vehicles 14,318,392 5,748,534 - - 20,066,926 Total 152,718,441 33,940,435 11,219,382 - 175,439,494 Building and equipment - net 87,122,029 80,792,745 Depreciation for the years ended 31 December 2007 and 2006 of the Company and its subsidiary amounted to Baht 38.9 million and Baht 44.3 million, respectively, (the Companyûs portions are Baht 33.9 million and Baht 38.6 million, respectively). As at 31 December 2007 and 2006, a portion of the Companyûs and its subsidiaryûs equipment had been fully depreciated, but are remained in active use. The gross carrying amounts of such assets before accumulated depreciation are totalling Baht 112.5 million and Baht 71.3 million, respectively, (the Companyûs portions are Baht 108.3 million and Baht 69.6 million, respectively). 14. COMPUTER SOFTWARE (Unit : Baht) CONSOLIDATED F/S 2006 Increase Decrease 2007

Cost 46,922,185 394,842 32,000 47,285,027 Less : Accumulated amortization (29,821,170) (6,311,165) 31,996 (36,100,339) Computer software › net 17,101,015 11,184,688 Amortization 8,577,600 6,311,165 (Unit : Baht) SEPARATE F/S 2006 Increase Decrease 2007

Cost 34,271,115 180,095 32,000 34,419,210 Less : Accumulated amortization (27,482,208) (3,744,720) 31,996 (31,194,932) Computer software › net 6,788,907 3,224,278 Amortization 6,398,687 3,744,720

72 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

15. μâπ∑ÿπ ‘∑∏‘°“√‡™à“Õ“§“√·≈–§à“‡™à“®à“¬≈à«ßÀπâ“ (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2549 ‡æ‘Ë¡¢÷Èπ ≈¥≈ß 2550

μâπ∑ÿπ ‘∑∏‘°“√‡™à“Õ“§“√·≈–§à“‡™à“®à“¬≈à«ßÀπâ“ 74,341,840 - - 74,341,840 À—° : μâπ∑ÿπ ‘∑∏‘°“√‡™à“μ—¥®à“¬ – ¡ (10,048,169) (5,765,331) - (15,813,500) ÿ∑∏‘ 64,293,671 (5,765,331) - 58,528,340 μâπ∑ÿπ ‘∑∏‘°“√‡™à“·≈–§à“‡™à“®à“¬≈à«ßÀπâ“·≈–¬Õ¥§ß‡À≈◊Õ¢Õß∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ¡’¥—ßπ’È (Àπà«¬ : ∫“∑) μâπ∑ÿπ ‘∑∏‘°“√‡™à“ ‘∑∏‘°“√‡™à“·≈–§à“‡™à“ μâπ∑ÿπ ‘∑∏‘°“√‡™à“·≈–§à“‡™à“ §ß‡À≈◊ÕÀ≈—ß°“√μ—¥®”Àπà“¬ √–¬–‡«≈“ μ—¥®à“¬μàÕ‡¥◊Õπ ∑’Ë®à“¬≈à«ßÀπâ“μ“¡ —≠≠“ 2550 2549

25 ªï 9,144 2,743,106 1,620,913 1,730,637 23 ªï 17,174 4,740,000 3,540,179 3,746,266 26 ªï 45,641 14,240,000 10,175,704 10,723,396 18 ªï 34,722 7,500,000 4,787,661 5,194,901 21 ªï 17,857 4,500,000 3,068,299 3,281,738 25 ªï 83,500 25,050,000 23,046,000 24,048,000 6 ªï 188,197 15,526,174 8,694,474 11,799,708 12 ªï 12,633 1,819,125 1,742,705 1,819,125 20 ªï 8,125 1,949,900 1,852,405 1,949,900 √«¡ 58,528,340 64,293,671 ‘∑∏‘°“√‡™à“Õ“§“√¢Õß»Ÿπ¬å°“√§â“·ÀàßÀπ÷Ëß ‰¥âπ”‰ª„™â§È”ª√–°—π‡ß‘π°Ÿâ¬◊¡√–¬–¬“«¢Õß∫√‘…—∑ μ“¡À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π¢âÕ 18 16. ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 2550 2549

‡ß‘π‡∫‘°‡°‘π∫—≠™’∏π“§“√ - 1,416,194 - 1,416,194 μ—Î« —≠≠“„™â‡ß‘π ∂“∫—π°“√‡ß‘π 781,994,888 839,988,838 781,994,888 839,988,838 √«¡ 781,994,888 841,405,032 781,994,888 841,405,032 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 μ—Î« —≠≠“„™â‡ß‘π¡’Õ—μ√“¥Õ°‡∫’È¬√âÕ¬≈– 4.50 - 5.20 μàÕªï ·≈–√âÕ¬≈– 6.52 - 7.00 μàÕªï μ“¡≈”¥—∫ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ∫√‘…—∑¡’«ß‡ß‘π ‘π‡™◊ËÕ¿“¬„μâ —≠≠“∑√— μå√’´’∑ å ‡≈μ‡μÕ√åÕÕø‡§√¥‘μ —≠≠“´◊ÈÕ¢“¬‡ß‘πμ√“μà“ßª√–‡∑»≈à«ßÀπâ“ ·≈– ‘π‡™◊ËÕÕ◊ËπÊ ®”π«π 1,424.9 ≈â“π∫“∑ ·≈– 1,609.9 ≈â“π∫“∑ μ“¡≈”¥—∫ ‚¥¬¡’¥Õ°‡∫’È¬„πÕ—μ√“√âÕ¬≈– 4.50 - 5.20 μàÕªï ·≈– 6.52 - 7.00 μàÕªï μ“¡≈”¥—∫ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’«ß‡ß‘π‡∫‘°‡°‘π∫—≠™’®”π«π√«¡ 21.0 ≈â“π∫“∑ ·≈– 29.0 ≈â“π∫“∑ μ“¡≈”¥—∫ ( à«π¢Õß∫√‘…—∑ : 19.0 ≈â“π∫“∑ ·≈– 29.0 ≈â“π∫“∑ μ“¡≈”¥—∫) ‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ §È”ª√–°—π‚¥¬°“√®¥®”πÕß∑’Ë¥‘π¢Õß°√√¡°“√æ√âÕ¡ ‘Ëßª≈Ÿ° √â“ß∫π∑’Ë¥‘π∑’Ë¡’Õ¬Ÿà à«π„À≠à ‚¥¬°“√®”π”‡ß‘πΩ“°ª√–®”¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ·≈–‚¥¬°“√§È”ª√–°—π à«πμ—«¢Õß°√√¡°“√¢Õß∫√‘…—∑ 2 §π ‚¥¬¡’‡ß◊ËÕπ‰¢«à“ ∂â“∫√‘…—∑ ‰¥â‡ªìπ∫√‘…—∑®¥∑–‡∫’¬π„πμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬·≈â« ∏π“§“√μà“ßÊ ®–∂Õπ°“√§È”ª√–°—π¢Õß°√√¡°“√∑—Èß 2 §π¥—ß°≈à“« „π√–À«à“ßªï 2550 ·≈– 2549 ∫√‘…—∑‡ ’¬¥Õ°‡∫’È¬‡ß‘π‡∫‘°‡°‘π∫—≠™’„πÕ—μ√“√âÕ¬≈– 4.25 › 7.125 μàÕªï ·≈– 6.25 › 8.00 μàÕªï μ“¡≈”¥—∫


A n n u a l R e p o r t 2 0 0 7

15. LEASEHOLD RIGHTS AND PREPAID RENT (Unit : Baht) CONSOLIDATED AND SEPARATE F/S 2006 Increase Decrease 2007

Leasehold rights 74,341,840 - - 74,341,840 Less : Accumulated amortization (10,048,169) (5,765,331) - (15,813,500) Leasehold rights › net 64,293,671 (5,765,331) - 58,528,340 As at 31 December 2007 and 2006, the leasehold rights pre - payments and the outstanding leasehold right consisted of : (Unit : Baht) Leasehold and Leasehold Outstanding Leasehold Right Rental Amortisation Rights and Prepayments after amortisation Periods per month Prepaid Rent 2007 2006

25 years 9,144 2,743,106 1,620,913 1,730,637 23 years 17,174 4,740,000 3,540,174 3,746,266 26 years 45,641 14,240,000 10,175,704 10,723,396 18 years 34,722 7,500,000 4,787,661 5,194,901 21 years 17,857 4,500,000 3,068,299 3,281,738 25 years 83,500 25,050,000 23,046,000 24,048,000 6 years 188,197 15,526,174 8,694,474 11,799,708 12 years 12,633 1,819,125 1,742,705 1,819,125 20 years 8,125 1,949,900 1,852,405 1,949,900

Total 58,528,340 64,293,671 Leasehold rights of a commercial buildings have been assigned to the bank as collaterals for long › term loans referred to in Note 18 to the financial statements. 16. BANK OVERDRAFTS AND SHORT - TERM LOANS FROM FINANCIAL INSTITUTIONS (Unit : Baht) CONSOLIDATED SEPARATE F/S 2007 2006 2007 2006

Bank overdrafts - 1,416,194 - 1,416,194 Promissory notes payable to financial institutions 781,994,888 839,988,838 781,994,888 839,988,838 Total 781,994,888 841,405,032 781,994,888 841,405,032 As at 31 December 2007 and 2006, promissory notes payable bear interest at the rates of 4.50 to 5.20 percent and 6.52 to 7.00 percent per annum, respectively. As at 31 December 2007 and 2006, the Company has credit facilities covering liabilities under trust receipts, letters of credit, forward exchange contracts and other credits totalling Baht 1,424.9 million and Baht 1,609.9 million, respectively, with interest rates ranging from 4.50 to 5.20 percent and 6.52 to 7.00 percent per annum, respectively. As at 31 December 2007 and 2006, the Company and subsidiary have bank overdraft credit lines totalling Baht 21.0 million and Baht 29.0 million, respectively (the Companyûs portion are Baht 19.0 million and 29.0 million, respectively). Short - term loans from financial institutions are collateralized mostly by the mortgages of land and constructions thereon of the Companyûs directors, the pledges of fixed deposits of the Company and a subsidiary, and the personal guarantees of the two directors, with a condition to withdraw the guarantees of the two directors after the listing in the Stock Exchange of Thailand. For the year 2007 and 2006, the interest on bank overdraft is 4.25 to 7.125 percent per annum and 6.25 to 8.00 percent per annum, respectively.

74 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

17. Àπ’È ‘πμ“¡ —≠≠“‡™à“∑“ß°“√‡ß‘π·≈– —≠≠“‡™à“´◊ÈÕ (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 2550 2549

Àπ’È ‘πμ“¡ —≠≠“‡™à“∑“ß°“√‡ß‘π·≈– —≠≠“‡™à“´◊ÈÕ 5,479,824 9,330,252 5,479,824 9,330,252 À—° : ¥Õ°‡∫’È¬√Õμ—¥∫—≠™’ (410,954) (911,944) (410,954) (911,944) 5,068,870 8,418,308 5,068,870 8,418,308 À—° : à«π∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï (3,449,770) (3,349,438) (3,449,770) (3,349,438) Àπ’È ‘πμ“¡ —≠≠“‡™à“∑“ß°“√‡ß‘π·≈– —≠≠“‡™à“´◊ÈÕ - ÿ∑∏‘®“° à«π∑’Ë∂÷ß°”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï 1,619,100 5,068,870 1,619,100 5,068,870 ∫√‘…—∑‰¥â∑” —≠≠“‡™à“∑“ß°“√‡ß‘π·≈–‡™à“´◊ÈÕ¬“πæ“Àπ– ·≈–Õÿª°√≥å ”π—°ß“π‡æ◊ËÕ„™â„π°“√¥”‡π‘π°‘®°“√ ‚¥¬¡’√–¬–‡«≈“ºàÕπ™”√– 24 › 60 ‡¥◊Õπ 18. ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡·≈– ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 ‡ß‘π°Ÿâ¬◊¡¢Õß∫√‘…—∑ ´÷Ëß¡’Õ—μ√“¥Õ°‡∫’È¬‡ß‘πΩ“°ª√–®” +2.5 μàÕªï ·≈–¡’°”Àπ¥™”√–§◊π‡ß‘πμâπæ√âÕ¡ ¥Õ°‡∫’È¬‡ªìπ√“¬‡¥◊ÕπÊ ≈– 131,000 ∫“∑ ·≈–™”√–¥Õ°‡∫’È¬√–À«à“ß‡¥◊Õπμà“ßÀ“° ‡√‘Ë¡μ—Èß·μà‡¥◊Õπ °ÿ¡¿“æ—π∏å 2549 ∂÷ß‡¥◊Õπ°ÿ¡¿“æ—π∏å 2561 14,522,000 16,094,000 ‡ß‘π°Ÿâ¬◊¡¢Õß∫√‘…—∑ ´÷Ëß¡’Õ—μ√“¥Õ°‡∫’È¬‡ß‘πΩ“°ª√–®” +2.5 μàÕªï ¡’°”Àπ¥™”√–§◊π‡ß‘πμâπ ‡ªìπ√“¬‡¥◊ÕπÊ ≈– 140,000 ∫“∑ ·≈–™”√–¥Õ°‡∫’È¬√–À«à“ß‡¥◊Õπμà“ßÀ“° ‡√‘Ë¡μ—Èß·μà‡¥◊Õπ °ÿ¡¿“æ—π∏å 2549 ∂÷ß‡¥◊Õπ°ÿ¡¿“æ—π∏å 2552 989,000 2,669,000 √«¡ 15,511,000 18,763,000 À—° : à«π∑’Ë∂÷ß°”Àπ¥™”√–§◊π¿“¬„πÀπ÷Ëßªï (2,552,000) (3,252,000) ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« › ÿ∑∏‘®“° à«π∑’Ë∂÷ß°”Àπ¥™”√–§◊π¿“¬„πÀπ÷Ëßªï 12,959,000 15,511,000 ‡ß‘π°Ÿâ¬◊¡¥—ß°≈à“«§È”ª√–°—π‚¥¬°“√®¥®”πÕß ‘∑∏‘°“√‡™à“¢Õß»Ÿπ¬å°“√§â“·ÀàßÀπ÷Ëß ·≈–‚¥¬°“√§È”ª√–°—π à«πμ—«¢Õß°√√¡°“√¢Õß∫√‘…—∑ √«¡∑—Èß‡ß‘πΩ“°ª√–®”¢Õß∫√‘…—∑ „π√–À«à“ßªï ∫√‘…—∑‡ ’¬¥Õ°‡∫’È¬‡ß‘π°Ÿâ¬◊¡√–¬–¬“«„πÕ—μ√“√âÕ¬≈– 4.75 μàÕªï 19. §à“„™â®à“¬§â“ß®à“¬ (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 2550 2549

‚∫π— §â“ß®à“¬ 7,689,320 6,015,264 5,905,473 3,534,508 §à“∫√‘°“√Õ◊ËπÊ §â“ß®à“¬ 4,762,087 1,665,744 2,176,581 1,665,744 §à“‡™à“·≈– “∏“√≥Ÿª‚¿§§â“ß®à“¬ 3,859,824 1,424,093 3,859,824 1,424,093 §à“¿“…’‚√ß‡√◊Õπ§â“ß®à“¬ 2,167,512 1,554,617 2,167,512 1,554,617 §à“„™â®à“¬ àß‡ √‘¡°“√¢“¬§â“ß®à“¬ 1,795,000 2,493,334 1,795,000 2,493,334 §à“Õÿª°√≥å·≈–‡§√◊ËÕß„™â ”π—°ß“π§â“ß®à“¬ 1,615,358 1,382,588 1,375,582 1,179,629 Õ◊ËπÊ 13,378,005 10,381,578 11,763,863 9,017,131 √«¡ 35,267,106 24,917,218 29,043,835 20,869,056


A n n u a l R e p o r t 2 0 0 7

17. LIABILITIES UNDER FINANCIAL LEASE AND HIRE - PURCHASE AGREEMENTS Unit : Baht) CONSOLIDATED SEPARATE F/S 2007 2006 2007 2006

Liabilities under financial lease and hire › purchase agreements 5,479,824 9,330,252 5,479,824 9,330,252 Less : Deferred interest (410,954) (911,944) (410,954) (911,944) 5,068,870 8,418,308 5,068,870 8,418,308 Less : Current portion (3,449,770) (3,349,438) (3,449,770) (3,349,438) Liabilities under financial lease and hire - purchase agreements net of current portion 1,619,100 5,068,870 1,619,100 5,068,870 The Company entered into financial lease and hire - purchase agreements for the leases of vehicles and office equipment for use in their operations, with repayment schedules of 24 to 60 months. 18. LONG - TERM LOANS (Unit : Baht) CONSOLIDATED AND SEPARATE F/S 2007 2006 Loans carrying interest at fixed deposit rate + 2.5 per annum, with principal repayment of Baht 131,000 per month (exclusive of interest), from February 2006 to February 2018 14,522,000 16,094,000 Loans carrying interest at fixed deposit rate + 2.5 per annum, with principal repayment of Baht 140,000 per month (exclusive of interest) from February 2006 to February 2009 989,000 2,669,000 Total 15,511,000 18,763,000 Less : Current portion (2,552,000) (3,252,000) Long › term loans › net of current portion 12,959,000 15,511,000 The long - term loans are collateralized by the mortgages of the leasehold rights on a commercial buildings and the personal guarantees of the Companyûs directors and the Companyûs fixed deposits. During the year, the Company paid interest on long - term loans at the interest rate of 4.75 percent per annum. 19. ACCRUED EXPENSES (Unit : Baht) CONSOLIDATED SEPARATE F/S 2007 2006 2007 2006

Accrued bonuses 7,689,320 6,015,264 5,905,473 3,534,508 Accrued other services expenses 4,762,087 1,665,744 2,176,581 1,665,744 Accrued rental and utilities expenses 3,859,824 1,424,093 3,859,824 1,424,093 Accrued property tax 2,167,512 1,554,617 2,167,512 1,554,617 Accrued sale promotion expenses 1,795,000 2,493,334 1,795,000 2,493,334 Payables for equipment and supplies 1,615,358 1,382,588 1,375,582 1,179,629 Others 13,378,005 10,381,578 11,763,863 9,017,131 Total 35,267,106 24,917,218 29,043,835 20,869,056

76 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

20. Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡·≈– ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549

‡ß‘π¡—¥®”§à“‡™à“¢ÕßºŸâ‡™à“ 28,910,001 26,637,809 ‡ß‘πª√–°—πæπ—°ß“π 202,730 204,924 Õ◊ËπÊ 6,500 4,800 √«¡ 29,119,231 26,847,533 ‡ß‘π¡—¥®”¢ÕßºŸâ‡™à“‡ªìπ‡ß‘π¡—¥®”‡º◊ËÕ§«“¡‡ ’¬À“¬∑’ËÕ“®‡°‘¥¢÷Èπ ∫√‘…—∑®–®à“¬§◊π‡ß‘π¡—¥®”‡À≈à“π’È‡¡◊ËÕºŸâ‡™à“‡≈‘°‡™à“ 21. ∑ÿπ‡√◊ÕπÀÿâπ 21.1 „π°“√ª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ‡¡◊ËÕ«—π∑’Ë 29 æƒ…¿“§¡ 2549 ºŸâ∂◊ÕÀÿâπ‰¥â¡’¡μ‘„Àâ‡æ‘Ë¡∑ÿπ¢Õß∫√‘…—∑®“°‡¥‘¡ 200 ≈â“π∫“∑ (Àÿâπ “¡—≠ 200 ≈â“πÀÿâπ √“§“Àÿâπ≈– 1 ∫“∑) ‡ªìπ 225 ≈â“πÀÿâπ (Àÿâπ “¡—≠ 225 ≈â“πÀÿâπ ¡Ÿ≈§à“Àÿâπ≈– 1 ∫“∑) ∫√‘…—∑√—∫™”√–§à“Àÿâπ∑—Èß®”π«π·≈â« ·≈–‰¥â®¥∑–‡∫’¬π°“√‡æ‘Ë¡∑ÿπ¥—ß°≈à“«°—∫°√¡æ—≤π“∏ÿ√°‘®°“√§â“‡¡◊ËÕ«—π∑’Ë 4 °√°Æ“§¡ 2549 21.2 „π‡¥◊Õπ∏—π«“§¡ 2549 ∫√‘…—∑¬àÕ¬‡√’¬°™”√–§à“Àÿâπ‡æ‘Ë¡∑ÿπ®”π«π 5 ≈â“π∫“∑ ·≈–‰¥â®¥∑–‡∫’¬π‡æ‘Ë¡∑ÿπ¥—ß°≈à“«°—∫°√¡æ—≤π“∏ÿ√°‘®°“√§â“·≈â« 21.3 „π°“√ª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊ÕÀÿâπ§√—Èß∑’Ë 3/2550 ‡¡◊ËÕ«—π∑’Ë 27 °—π¬“¬π 2550 ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑¬àÕ¬‰¥â¡’¡μ‘„Àâ‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π¢Õß∫√‘…—∑®“°‡¥‘¡ 20 ≈â“π∫“∑ (Àÿâπ “¡—≠ 200,000 Àÿâπ √“§“Àÿâπ≈– 100 ∫“∑) ‡ªìπ 40 ≈â“π∫“∑ (Àÿâπ “¡—≠ 400,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈–100 ∫“∑) ´÷Ëß∫√‘…—∑¬àÕ¬√—∫™”√–§à“Àÿâπ∑—Èß®”π«π·≈â« ·≈–‰¥â®¥∑–‡∫’¬π°“√‡æ‘Ë¡∑ÿπ¥—ß°≈à“«°—∫°√¡æ—≤π“∏ÿ√°‘®°“√§â“‡¡◊ËÕ«—π∑’Ë 28 °—π¬“¬π 2550 22. ”√Õßμ“¡°ÆÀ¡“¬ μ“¡∫∑∫—≠≠—μ‘¢Õßæ√–√“™∫—≠≠—μ‘∫√‘…—∑¡À“™π ®”°—¥ æ.».2535 ∫√‘…—∑μâÕß®—¥ √√∑ÿπ ”√ÕßÕ¬à“ßπâÕ¬√âÕ¬≈– 5 ¢Õß°”‰√ ÿ∑∏‘ª√–®”ªï À≈—ßÀ—°¢“¥∑ÿπ – ¡¬°¡“ (∂â“¡’) ®π°«à“∑ÿπ ”√Õß¥—ß°≈à“«®–¡’®”π«π‰¡àπâÕ¬°«à“√âÕ¬≈– 10 ¢Õß∑ÿπ®¥∑–‡∫’¬π ∑ÿπ ”√Õßμ“¡°ÆÀ¡“¬π’È®–π”‰ª®à“¬‡ß‘πªíπº≈‰¡à‰¥â „π√–À«à“ßªï ºŸâ∫√‘À“√∫√‘…—∑‰¥â‡ πÕ®—¥ √√∑ÿπ ”√Õßμ“¡°ÆÀ¡“¬‡æ‘Ë¡®”π«π 2,500,000 ∫“∑ ‡æ◊ËÕ∑”„Àâ®”π«π∑ÿπ ”√Õß‡∑à“°—∫ √âÕ¬≈– 10 ¢Õß∑ÿπ®¥∑–‡∫’¬π ´÷Ëß®–∑”„Àâ∫√‘…—∑‰¡àμâÕß®—¥ √√°”‰√ – ¡‡ªìπ∑ÿπ ”√Õßμ“¡°ÆÀ¡“¬‡æ‘Ë¡‡μ‘¡Õ’°„πÕπ“§μ °“√®—¥ √√®”π«π¥—ß°≈à“«‰¥â°“√√—∫√Õß®“°∑’Ëª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ‡¡◊ËÕ«—π∑’Ë 26 ‡¡…“¬π 2550 23. °“√®—¥ √√°”‰√ ÿ∑∏‘ 23.1 „π°“√ª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ§√—Èß∑’Ë 1/2549 ‡¡◊ËÕ«—π∑’Ë 21 ‡¡…“¬π 2549 ºŸâ∂◊ÕÀÿâπ‰¥â¡’¡μ‘„Àâ∫√‘…—∑ ®à“¬‡ß‘πªíπº≈®“°°”‰√ ÿ∑∏‘À≈—ßÀ—°¿“…’·≈–®—¥ √√∑ÿπ ”√Õßμ“¡°ÆÀ¡“¬·≈â« ®“°º≈ª√–°Õ∫°“√„π√Õ∫ªï∫—≠™’ 2548 „πÕ—μ√“Àÿâπ≈– 0.75 ∫“∑ ∑—Èßπ’È‰¥â¡’°“√®à“¬‡ß‘πªíπº≈√–À«à“ß°“≈„Àâ°—∫ºŸâ∂◊ÕÀÿâπ·≈â«„πÕ—μ√“Àÿâπ≈– 0.10 ∫“∑ ¥—ßπ—Èπ §ß®à“¬‡ß‘πªíπº≈„Àâ°—∫ºŸâ∂◊ÕÀÿâπÕ’°„πÕ—μ√“Àÿâπ≈– 0.65 ∫“∑ ”À√—∫Àÿâπ “¡—≠®”π«π 150,000,000 Àÿâπ 23.2 „π∑’Ëª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ§√—Èß∑’Ë 1/2550 ‡¡◊ËÕ«—π∑’Ë 26 ‡¡…“¬π 2550 ºŸâ∂◊ÕÀÿâπ‰¥â¡’¡μ‘„Àâ∫√‘…—∑ ®à“¬‡ß‘πªíπº≈®“°°”‰√ ÿ∑∏‘À≈—ßÀ—°¿“…’ ®“°º≈ª√–°Õ∫°“√„π√Õ∫ªï∫—≠™’ 2549 „πÕ—μ√“Àÿâπ≈– 0.09 ∫“∑ ”À√—∫Àÿâπ “¡—≠®”π«π 225,000,000 Àÿâπ √«¡‡ªìπ‡ß‘π∑—Èß ‘Èπ 20.25 ≈â“π∫“∑ ·≈–∫√‘…—∑‰¥â®—¥ √√∑ÿπ ”√Õßμ“¡°ÆÀ¡“¬·≈â«„π√–À«à“ßß«¥‡ªìπ®”π«π‡ß‘π 2.5 ≈â“π∫“∑ 23.3 „π∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑§√—Èß∑’Ë 4/2550 ‡¡◊ËÕ«—π∑’Ë 31 ‘ßÀ“§¡ 2550 ºŸâ∂◊ÕÀÿâπ‰¥â¡’¡μ‘„Àâ∫√‘…—∑®à“¬‡ß‘πªíπº≈√–À«à“ß°“≈®“°º≈ª√–°Õ∫°“√„π√Õ∫ªï 2550 „πÕ—μ√“Àÿâπ≈– 0.09 ∫“∑ Àÿâπ “¡—≠®”π«π 225,000,000 Àÿâπ √«¡‡ªìπ®”π«π‡ß‘π∑—Èß ‘Èπ 20.25 ≈â“π∫“∑


A n n u a l R e p o r t 2 0 0 7

20. OTHER NON - CURRENT LIABILITIES (Unit : Baht) CONSOLIDATED AND SEPARATE F/S 2007 2006

Tenant rental deposits 28,910,001 26,637,809 Deposits from employees 202,730 204,924 Others 6,500 4,800 Total 29,119,231 26,847,533 Tenant deposits are deposits for possible damages. The Company will repay for those deposits upon the termination of the rent. 21. SHARE CAPITAL 21.1 At the extraordinary shareholder meeting held on 29 May 2006, the shareholders passed a resolution to increase the Companyûs authorized share capital from Baht 200 million (divided into 200 million common share at Baht 1 par value) to Baht 225 million (divided into 225 million common share at Baht 1 par value). The Company received the full amount from its shareholders and registered the increase in share capital with the Department of Business Development on 4 July 2006. 21.2 In December 2006, a subsidiary company call for additional share capital of Baht 5 million and registered the additional share capital with the Department of Business Development. 21.3 At the extraordinary shareholder meeting No. 3/2007 held on 27 September 2007, the shareholders of subsidiary passed a resolution to increase its authorized share capital from Baht 20 million (divided into 200,000 common share at Baht 100 par value) to Baht 40 million (divided into 400,000 common share at Baht 100 par value). The subsidiary company received the full amount from its shareholders and registered the increase in share capital with the Department of Business Development on 28 September 2007. 22. STATUTORY RESERVE Under the Public Companies Act, the Company is required to set aside as a statutory reserve at least 5 percent of its net income, after deduction of deficit (if any), until the reserve reaches 10 percent of the registered capital. The reserve is not distributable for dividends. During the year, the Companyûs management proposed appropriation for additional statutory reserve of Baht 2,500,000 to bring the reserve to 10 percent of the authorised share capital. The Company, therefore, is not required to make more appropriation of retained earnings to statutory reserve in the future. Such appropriation was ratified in the shareholder meeting on 26 April 2007. 23. APPROPRIATION OF NET INCOME 23.1 At the Annual General Meeting of the shareholders No. 1/2006, on 21 April 2006, the shareholders passed a resolution to appropriate cash dividend from net income after deduction of tax and statutory reserve for the year 2005 at Baht 0.75 per share, whereby part of it has been paid as interim dividend at Baht 0.10 per share. The Company, therefore, has to appropriate the remaining dividend at Baht 0.65 per share for 150,000,000 shares. 23.2 At the meeting of the Company shareholders No.1/2007 on 26 April 2007, the shareholders passed a resolution to appropriate cash dividend from net income after deduction of tax for the year 2006 at Baht 0.09 per share for 225,000,000 shares for a total amount of Baht 20.25 million, and to make additional appropriation as statutory reserve during the period of Baht 2.5 million. 23.3 At the meeting of the Companyûs committee No. 4/2007 on 31 August 2007, the shareholders passed a resolution to appropriate cash dividend from the year 2007 net income at Baht 0.09 per share for 225,000,000 shares for a total amount of Baht 20.25 million.

78 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

24. ¿“…’‡ß‘π‰¥â (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 2549 2550 2549

°”‰√ ÿ∑∏‘ 62.36 39.38 79.61 22.74 ¿“…’‡ß‘π‰¥â 39.70 17.23 26.89 7.41 °”‰√ ÿ∑∏‘°àÕπ¿“…’‡ß‘π‰¥â 102.06 56.61 106.50 30.15 ∫«° √“¬°“√∑’Ë¬—ß‰¡à∂◊Õ‡ªìπ§à“„™â®à“¬∑“ß¿“…’ 32.88 (0.06) 16.15 4.65 À—° √“¬‰¥â‡ß‘πªíπº≈®“°∫√‘…—∑¬àÕ¬·≈–√“¬‰¥âÕ◊Ëπ ∑’Ë‰¡àμâÕßπ”¡“§”π«≥¿“…’‡ß‘π‰¥â (2.61) 0.90 (33.00) (10.10) °”‰√ ÿ∑∏‘∑“ß¿“…’ 132.33 57.45 89.65 24.70 ¿“…’‡ß‘π‰¥â ”À√—∫ªï 39.70 17.23 26.89 7.41 25. §à“μÕ∫·∑π°√√¡°“√ §à“μÕ∫·∑π°√√¡°“√ ‡ªìπº≈ª√–‚¬™πå∑’Ë®à“¬„Àâ·°à°√√¡°“√¢Õß∫√‘…—∑μ“¡¡“μ√“ 90 ¢Õßæ√–√“™∫—≠≠—μ‘∫√‘…—∑¡À“™π®”°—¥ ‚¥¬‰¡à√«¡‡ß‘π‡¥◊Õπ·≈–º≈ª√–‚¬™πå‡°’Ë¬«¢âÕß∑’Ë®à“¬„Àâ·°à°√√¡°“√´÷Ëß¥”√ßμ”·Àπàß‡ªìπºŸâ∫√‘À“√¢Õß∫√‘…—∑ §à“μÕ∫·∑π°√√¡°“√¥—ß°≈à“«‰¥â√—∫Õπÿ¡—μ‘®“°∑’Ëª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπª√–®”ªï¢Õß∫√‘…—∑ 26. °Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ ‡¡◊ËÕ«—π∑’Ë 30 ‡¡…“¬π 2545 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ·≈–æπ—°ß“π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ‰¥â√à«¡°—π®—¥μ—Èß°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ¢÷Èπ¿“¬„μâ°“√Õπÿ¡—μ‘®“°°√–∑√«ß°“√§≈—ßμ“¡æ√–√“™∫—≠≠—μ‘°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ æ.». 2530 ´÷Ëßª√–°Õ∫¥â«¬‡ß‘π∑’Ëæπ—°ß“π®à“¬ – ¡·≈–‡ß‘π∑’Ë∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬®à“¬ ¡∑∫„Àâ„πÕ—μ√“√âÕ¬≈– 3 ¢Õß‡ß‘π‡¥◊Õπ ·≈–®–®à“¬„Àâ°—∫æπ—°ß“π„π°√≥’∑’ËÕÕ°®“°ß“πμ“¡√–‡∫’¬∫«à“¥â«¬°Õß∑ÿπ¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ °Õß∑ÿπ ”√Õß‡≈’È¬ß™’æπ’È∫√‘À“√®—¥°“√‚¥¬∫√‘…—∑À≈—°∑√—æ¬å®—¥°“√°Õß∑ÿπ√«¡ ∑‘ ‚°â ®”°—¥ „π√–À«à“ßªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‰¥â®à“¬ ¡∑∫°Õß∑ÿπœ‡ªìπ®”π«π‡ß‘π 0.9 ≈â“π∫“∑ ·≈– 0.6 ≈â“π∫“∑ ( à«π¢Õß∫√‘…—∑ : 0.8 ≈â“π∫“∑ ·≈– 0.6 ≈â“π∫“∑) μ“¡≈”¥—∫ 27. √“¬°“√∏ÿ√°‘®°—∫∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π „π√–À«à“ßªï ∫√‘…—∑¡’√“¬°“√∏ÿ√°‘®∑’Ë ”§—≠°—∫∫ÿ§§≈·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π (‡°’Ë¬«¢âÕß°—π‚¥¬°“√¡’ºŸâ∂◊ÕÀÿâπ·≈–/À√◊Õ°√√¡°“√·≈–°“√∫√‘À“√√à«¡°—π) √“¬°“√∏ÿ√°‘®¥—ß°≈à“«‡ªìπ‰ªμ“¡‡ß◊ËÕπ‰¢·≈–‡°≥±å∑’Ëμ°≈ß√à«¡°—π√–À«à“ß∫√‘…—∑°—∫∫ÿ§§≈·≈–°‘®°“√‡À≈à“π—Èπ ´÷Ëß‡°≥±å¥—ß°≈à“«Õ“®·μ°μà“ß®“°‡°≥±å∑’Ë„™â°—∫°‘®°“√∑’Ë‰¡à‡°’Ë¬«¢âÕß°—π ‚¥¬¡’¢âÕ¡Ÿ≈¥—ßπ’È : (Àπà«¬ : ≈â“π∫“∑) √“¬°“√∏ÿ√°‘®°—∫∫ÿ§§≈ ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ·≈–°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π π‚¬∫“¬°“√°”Àπ¥√“§“ 2550 2549 2550 2549

¢“¬ ‘π§â“ √“§“μ≈“¥ - - 0.2 - √“¬‰¥â§à“‡™à“ √“§“μ≈“¥ 1.6 1.6 1.6 1.6 √“¬‰¥â§à“ àß‡ √‘¡°“√¢“¬ μ“¡¢âÕμ°≈ß¢ÕßºŸâ¢“¬ 9.3 4.4 9.3 4.4 √“¬‰¥âμ‘¥μ“¡Àπ’È ‘π √“§“μ≈“¥ 45.1 39.5 - - √“¬‰¥â§à“∫√‘°“√√—∫ àß‡Õ° “√ √“§“μ≈“¥ 2.5 2.7 - - √“¬‰¥â§à“∫√‘À“√ß“π 3 · πÀâ“À¡◊Ëπ∫“∑„πªï 2550 ·≈– 3 · π∫“∑μàÕ‡¥◊Õπ „πªï 2549 - - 4.2 3.6 √“¬‰¥â‡ß‘πªíπº≈ æ‘®“√≥“®“°°”‰√ - - 30.4 11.0 §à“‡™à“Õ“§“√·≈–∑’Ë¥‘π μ“¡Õ—μ√“μ≈“¥ 1.0 1.1 1.0 1.1 §à“μÕ∫·∑π°√√¡°“√ μ“¡∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ 3.4 2.2 3.4 2.2 ¬Õ¥§ß‡À≈◊Õ¢Õß√“¬°“√¢â“ßμâπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ‰¥â· ¥ß·¬°μà“ßÀ“°„πß∫¥ÿ≈¿“¬„μâ√“¬°“√¥—ßμàÕ‰ªπ’È :


A n n u a l R e p o r t 2 0 0 7

24. INCOME TAX (Unit : Million Baht) CONSOLIDATED SEPARATE F/S For the years ended 31 December 2007 2006 2007 2006

Net income 62.36 39.38 79.61 22.74 Income tax 39.70 17.23 26.89 7.41 Net income before tax 102.06 56.61 106.50 30.15 Add Items not yet allowable as expenses under Revenue Code 32.88 (0.06) 16.15 4.65 Less Dividend income from subsidiary company and tax exempted income (2.61) 0.90 (33.00) (10.10) Net taxable income 132.33 57.45 89.65 24.70 Income tax for the year 39.70 17.23 26.89 7.41 25. DIRECTOR REMUNERATION Director remuneration represents the benefits paid to the Companyûs directors in accordance with section 90 of the Public Companies Act, exclusive of salaries and related benefits payable to executive directors. The director remuneration has been approved at the Company Annual General Meeting. 26. PROVIDENT FUND On 30 April 2002, the Company and subsidiary and their employees jointly established a provident fund plan as approved by the Ministry of Finance in accordance with the Provident Fund Act B.E. 2530. The fund is contributed to by employees and the Company and its subsidiaries at the rate of 3 percent of salaries. The provident fund will be paid to the employee upon termination of employment in accordance with the rules of the fund. The fund is managed by TISCO Asset Management Company Limited. During the years ended 31 December 2007 and 2006, the Company and subsidiary contributed a total of Baht 0.9 million and Baht 0.6 million (the Companyûs portion : Baht 0.8 million and Baht 0.6 million), respectively, to the fund. 27. RELATED PARTY TRANSACTIONS During the year, the Company had significant business transactions with its related persons and parties (related by way of common shareholding and/or management). Such transactions have been concluded on the terms and bases determined by the Company and related parties, the bases of which may be different from the bases used for transactions with unrelated parties, are summarised below : (Unit : Million Baht) Transactions with CONSOLIDATED SEPARATE F/S related parties Pricing policy 2007 2006 2007 2006

Sales Market price - - 0.2 - Rental income Market price 1.6 1.6 1.6 1.6 Sale promotion income As agreed by suppliers 9.3 4.4 9.3 4.4 Debt collection income Market price 45.1 39.5 - - Messenger services income Market price 2.5 2.7 - - Management fee income Baht 0.35 million per month for year 2007 and Baht 0.3 million per month for year 2006 - - 4.2 3.6 Dividend income Based on net profit - - 30.4 11.0 Office and land rental Market rate 1.0 1.1 1.0 1.1 Directorsû remuneration As approved at shareholder meeting 3.4 2.2 3.4 2.2

80 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549 2550 2549

≈Ÿ°Àπ’È°“√§â“ › ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß ∫√‘…—∑ Õ‘ÕÕπ ∏π ‘π∑√—æ¬å ®”°—¥ (¡À“™π) 12,417,635 17,432,122 9,491,789 13,191,576 √«¡ 12,417,635 17,432,122 9,491,789 13,191,576 ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ 2550 2549

‡®â“Àπ’ÈÕ◊Ëπ › ∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡® ‡ÕÁ¡ ∑’ ‡πÁ∑‡«Õ√å§ ‡´Õ√å«‘ ‡´Á ®”°—¥ 23,100 1,000 √«¡ 23,100 1,000 ‡®â“Àπ’È‡ß‘πª√–°—π°“√‡™à“ › ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß ∫√‘…—∑ Õ‘ÕÕπ ∏π ‘π∑√—æ¬å ®”°—¥ (¡À“™π) 804,528 774,528 √«¡ 804,528 774,528 28. ¿“√–ºŸ°æ—π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’¿“√–ºŸ°æ—π¥—ßμàÕ‰ªπ’È : ¿“√–ºŸ°æ—π√–À«à“ß∫ÿ§§≈·≈–∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π 28.1 ∫√‘…—∑‰¥â∑” —≠≠“√—∫®â“ß∫√‘À“√ß“π°—∫∫√‘…—∑¬àÕ¬ ¿“¬„μâ‡ß◊ËÕπ‰¢„π —≠≠“ ∫√‘…—∑®–„Àâ∫√‘°“√¥â“π°“√®—¥∑”∫—≠™’·≈–¬◊Ëπ¿“…’ °“√∫√‘À“√·≈–μ‘¥μ“¡Àπ’È ‘π ·≈–‡¡◊ËÕ§√∫°”Àπ¥μ“¡ —≠≠“·≈â« ∫√‘…—∑¬àÕ¬ “¡“√∂μàÕ —≠≠“‰¥âÕ’°∑ÿ°Ê ªï ‚¥¬∫√‘…—∑¬àÕ¬μâÕß·®âß„Àâ∫√‘…—∑∑√“∫‡ªìπ≈“¬≈—°…≥åÕ—°…√≈à«ßÀπâ“‰¡àπâÕ¬°«à“ 3 ‡¥◊Õπ°àÕπ§√∫ —≠≠“ ‚¥¬√–¬–‡«≈“μ“¡ —≠≠“·≈–Õ—μ√“§à“∫√‘°“√‡ªìπ¥—ßπ’È ∫√‘…—∑¬àÕ¬ √–¬–‡«≈“μ“¡ —≠≠“ Õ—μ√“§à“∫√‘°“√ ∫√‘…—∑ ‡® ‡ÕÁ¡ ∑’ ‡πÁ∑‡«Õ√å§ ‡´Õ√å«‘ ‡´Á ®”°—¥ 01/01/51 › 31/12/51 348,000 ∫“∑μàÕ‡¥◊Õπ 28.2 ∫√‘…—∑‰¥â∑” —≠≠“‡™à“æ◊Èπ∑’ËÕ“§“√°—∫°√√¡°“√∑à“πÀπ÷Ëß ‡æ◊ËÕ‡ªìπ ∂“π∑’Ë‡°Á∫ ‘π§â“ ‚¥¬∫√‘…—∑®–®à“¬™”√–§à“‡™à“æ◊Èπ∑’ËÕ“§“√μ“¡Õ—μ√“§à“‡™à“∑—Ë«Ê ‰ª ‡ªìπ®”π«π 70,000 ∫“∑μàÕ‡¥◊Õπ ‡ªìπ√–¬–‡«≈“ 3 ªï ‡√‘Ë¡μ—Èß·μà«—π∑’Ë 1 °√°Æ“§¡ 2550 ¿“√–ºŸ°æ—π°—∫∫ÿ§§≈¿“¬πÕ° 28.3 ∫√‘…—∑¡’¿“√–ºŸ°æ—π®“°°“√°√–®“¬Àÿâπ‡¢â“μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ‚¥¬°“√®”Àπà“¬Àÿâπ “¡—≠·°àª√–™“™π∑—Ë«‰ª (IPO) ¿“¬„μâ‡ß◊ËÕπ‰¢¢Õß —≠≠“ ∫√‘…—∑¡’¿“√–„π°“√®à“¬§à“∫√‘°“√¥—ßμàÕ‰ªπ’È :- 28.3.1 §à“∑’Ëª√÷°…“®”π«π∑—Èß ‘Èπ 1 ≈â“π∫“∑ ‚¥¬®à“¬§√—Èß·√°„π«—π∑” —≠≠“«—π∑’Ë 25 °√°Æ“§¡ 2550 ®”π«π 0.2 ≈â“π∫“∑ ·≈–®à“¬‡ªìπ√“¬‡¥◊Õπ ‡¥◊Õπ≈– 0.13 ≈â“π∫“∑ ‡ªìπ√–¬–‡«≈“ 5 ‡¥◊Õπ ‚¥¬®–®à“¬ à«π∑’Ë‡À≈◊Õ®”π«π 0.15 ≈â“π∫“∑ À≈—ß ®“°∫√‘…—∑‰¥â àß·∫∫§”¢ÕÕπÿ≠“μ·≈–‰¥â√—∫Õπÿ≠“μ®“° ”π—°ß“π§≥–°√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å 28.3.2 §à“∏√√¡‡π’¬¡°“√®—¥®”Àπà“¬·≈–√—∫ª√–°—π°“√®”Àπà“¬Õ—μ√“√âÕ¬≈– 3.0 ¢Õß¡Ÿ≈§à“°“√√—∫ª√–°—π°“√®”Àπà“¬ À√◊Õ 3.0 ≈â“π∫“∑ ·≈â«·μà®”π«π„¥®– Ÿß°«à“ §à“∏√√¡‡π’¬¡¥—ß°≈à“« ‰¥â∫—π∑÷°‡ªìπ§à“„™â®à“¬√Õμ—¥∫—≠™’‚¥¬®–π”‰ªÀ—°®“°‡ß‘π∑’Ë‰¥â√—∫®“°°“√¢“¬Àÿâπ„Àâ°—∫ª√–™“™π À≈—ß®“°∑’Ë∫√‘…—∑‡¢â“®¥∑–‡∫’¬π„πμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ 28.4 ∫√‘…—∑¡’¿“√–ºŸ°æ—π®“°°“√∑’Ë∏π“§“√ÕÕ°Àπ—ß ◊Õ§È”ª√–°—π„ππ“¡¢Õß∫√‘…—∑‡À≈◊ÕÕ¬Ÿà‡ªìπ®”π«π‡ß‘πª√–¡“≥ 47.7 ≈â“π∫“∑ ´÷Ëß‡°’Ë¬«‡π◊ËÕß°—∫¿“√–ºŸ°æ—π∑“ßªØ‘∫—μ‘∫“ßª√–°“√μ“¡ª°μ‘∏ÿ√°‘®¢Õß∫√‘…—∑ 28.5 ∫√‘…—∑¡’¿“√–ºŸ°æ—πμ“¡ —≠≠“„Àâ∫√‘°“√μà“ßÊ ∑’ËμâÕß™”√–„πÕπ“§μ‡ªìπ®”π«π 7.95 ≈â“π∫“∑


A n n u a l R e p o r t 2 0 0 7

As at 31 December 2007 and 2006, the outstanding balances of the related party transactions are separately shown in the balance sheet as follows : (Unit : Baht) CONSOLIDATED SEPARATE F/S 2007 2006 2007 2006

Trade account receivable › related company AEON Thanasin PCL 12,417,635 17,432,122 9,491,789 13,191,576 Total 12,417,635 17,432,122 9,491,789 13,191,576 SEPARATE F/S 2007 2006

Other payable › subsidiary company JMT Network Services Company Limited 23,100 1,000 Total 23,100 1,000 Rental deposit payable › related company AEON Thanasin PCL 804,528 774,528 Total 804,528 774,528 28. COMMITMENTS As at 31 December 2007, the Company and its subsidiary had outstanding commitments as follows : Commitments with related parties 28.1 The Company has agreements to provide management, accounting, tax filing and debt collection services for the subsidiary. The subsidiary can renew the agreement on an annual basis, with advance written notice at least 3 months before the expiration of the agreements. The contract period and service charges are as follows : Subsidiary Company Contract Period Services fee rate

JMT Network Services Company Limited 01/01/07 › 31/12/07 348,000 Baht per month 28.2 The Company entered into a building space rental contract with a director for a godown rental with a monthly rental of Baht 70,000 for 3 years started 1 July 2007. Commitments with third parties 28.3 The Company has outstanding commitments in respect of the proposed listing of its shares for trading on the Stock Exchange of Thailand (SET) by way of an initial public offering (IPO). Under the terms of the agreement, the Company is committed to pay the following service fees: 28.3.1 An advisory fee of Baht 1 million by installments. This will be initially paid at Baht 0.2 million as first installment upon the signing of the agreement on 25 July 2007 with subsequent 5 monthly installments of Baht 0.13 million. The remaining amount of Baht 0.15 million is payable after obtaining approval for its listing of shares from the Securities and Exchange Commission. 28.3.2 An underwriting and guarantee fees at 3.0 percent or Baht 3.0 million, whichever is higher, of the funds obtained from the listing.

The Company accounted for such fees as deferred expense. This will be deducted from cash proceeds from sales of share capital on the initial public offering after listing in the Stock Exchange of Thailand. 28.4 The Company has outstanding commitments of approximately Baht 47.7 million arising from outstanding bank guarantees issued by banks on behalf of the Company in respect of certain performance bonds as required in the ordinary courses of businesses of the Company.

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√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

28.6 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’¿“√–ºŸ°æ—πμ“¡ —≠≠“‡™à“ ·≈– —≠≠“∫√‘°“√√–¬–¬“« ´÷Ëß à«π„À≠à‡°’Ë¬«‡π◊ËÕß°—∫°“√‡™à“ ∂“π∑’Ë‡æ◊ËÕ„™â„π°“√¥”‡π‘πß“π√â“π§â“ª≈’° Õ“§“√ ”π—°ß“π ·≈– ∂“π∑’Ë‡°Á∫ ‘π§â“‚¥¬¡’§à“‡™à“·≈–§à“∫√‘°“√∑’ËμâÕß®à“¬μ“¡ —≠≠“∑’Ë¡’Õ¬Ÿà„πªí®®ÿ∫—π (¬—ß‰¡à√«¡§à“‡™à“∑’Ë®–‡ª≈’Ë¬π·ª≈ß‡¡◊ËÕ¡’°“√μàÕ —≠≠“) ¥—ßπ’È : (Àπà«¬ : ≈â“π∫“∑) ß∫°“√‡ß‘π ªï ß∫°“√‡ß‘π√«¡ ‡©æ“–¢Õß∫√‘…—∑

‰¡à‡°‘πÀπ÷Ëßªï 135.2 130.7 ‡°‘πÀπ÷Ëßªï·μà‰¡à‡°‘πÀâ“ªï 204.5 201.1 ‡°‘πÀâ“ªï 249.0 249.0 √«¡ 588.7 580.8 29. ‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π §«“¡‡ ’Ë¬ß¥â“π°“√„Àâ ‘π‡™◊ËÕ ‡π◊ËÕß®“°≈Ÿ°§â“¢Õß∫√‘…—∑‡ªìπ≈Ÿ°§â“√“¬¬àÕ¬®“°°“√§â“ª≈’°·μà∫√‘…—∑¡’°“√‡§√¥‘μ„Àâ≈Ÿ°§â“∫“ß√“¬∑’Ë¡’ ∂“π–∑“ß°“√‡ß‘π¡—Ëπ§ß à«π≈Ÿ°§â“¢Õß∫√‘…—∑¬àÕ¬ à«π„À≠à‡ªìπ ∂“∫—π°“√‡ß‘π ·≈–∫√‘…—∑∑’Ë¡’ ∂“π–∑“ß°“√‡ß‘π¡—Ëπ§ß ¥—ßπ—Èπ ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬®÷ß‰¡à§“¥«à“®–‰¥â√—∫§«“¡‡ ’¬À“¬∑’Ë‡ªìπ “√– ”§—≠®“°°“√‡√’¬°™”√–Àπ’È ®“°°“√„Àâ ‘π‡™◊ËÕ §«“¡‡ ’Ë¬ß¥â“πÕ—μ√“¥Õ°‡∫’È¬ ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’‡ß‘πΩ“°°—∫ ∂“∫—π°“√‡ß‘π ‡ß‘π‡∫‘°‡°‘π∫—≠™’∏π“§“√ ·≈–‡ß‘π°Ÿâ¬◊¡´÷Ëß¡’§«“¡‡ ’Ë¬ß®“°°“√‡ª≈’Ë¬π·ª≈ß¢ÕßÕ—μ√“¥Õ°‡∫’È¬„πμ≈“¥„πÕπ“§μ ´÷Ëß®– àßº≈°√–∑∫μàÕº≈°“√¥”‡π‘πß“π·≈–°√–· ‡ß‘π ¥¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ μ“¡√“¬≈–‡Õ’¬¥¥—ßπ’È : (Àπà«¬ : ≈â“π∫“∑) ß∫°“√‡ß‘π√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ¡’Õ—μ√“ ¡’Õ—μ√“ ¥Õ°‡∫’È¬≈Õ¬μ—« ¥Õ°‡∫’È¬§ß∑’Ë ‰¡à¡’¥Õ°‡∫’È¬ √«¡

‘π∑√—æ¬å/Àπ’È ‘π∑“ß°“√‡ß‘π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ 1 - 52 53 ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â - 277 - 277 ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π 782 - - 782 (Àπà«¬ : ≈â“π∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ¡’Õ—μ√“ ¡’Õ—μ√“ ¥Õ°‡∫’È¬≈Õ¬μ—« ¥Õ°‡∫’È¬§ß∑’Ë ‰¡à¡’¥Õ°‡∫’È¬ √«¡

‘π∑√—æ¬å/Àπ’È ‘π∑“ß°“√‡ß‘π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ - - 49 49 ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â - 275 - 275 ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π 782 - - 782


A n n u a l R e p o r t 2 0 0 7

28.5 The Company has outstanding commitments in respect of service agreements which are payable in the future totaling approximately Baht 7.95 million. 28.6 The Company and its subsidiary have commitments under long - term lease and service agreements, mainly relating to the rental of space for retail shops, office buildings and warehouses, with minimum future rental and service fees payable under the agreements (not include the changes that may incur upon renewal) as follows : (Unit : Million Baht) Year CONSOLIDATED SEPARATE F/S

Not over 1 year 135.2 130.7 Over 1 year but not over 5 years 204.5 201.1 Over 5 years 249.0 249.0 Total 588.7 580.8 29. FINANCIAL INSTRUMENTS Credit risk As the Companyûs customers are represented by individual persons and retailers from trading business, the Company provides credit terms for certain customers with stable financial status. Whereas most of customers of subsidiary company are represented by financial institutions and companies with stable financial status. The Company and subsidiary company, therefore do not expect the significant loss from collection of credit sales. Interest rate risk The interest rate risk is the risk that future movements in market interest rates will affect the results of the Companyûs and its subsidiaryûs operations and their cash flows. The Companyûs and its subsidiaryûs exposure to interest rate risk relates primarily to their deposits with financial institutions, bank overdrafts and loans as follows : (Unit : Million Baht) CONSOLIDATED As at 31 December 2007

Floating rate Fixed rate Non - interest Total

Financial assets/ liabilities Cash and cash equivalents 1 - 52 53 Restricted deposits with financial institutions - 277 - 277 Bank overdrafts and short - term loans from financial institutions 782 - - 782 (Unit : Million Baht) SEPARATE F/S As at 31 December 2007 Floating rate Fixed rate Non - interest Total

Financial assets/ liabilities Cash and cash equivalents - - 49 49 Restricted deposits with financial institutions - 275 - 275 Bank overdraft and short - term loans from financial institutions 782 - - 782 -

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(Àπà«¬ : ≈â“π∫“∑) ß∫°“√‡ß‘π√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ¡’Õ—μ√“ ¡’Õ—μ√“ ¥Õ°‡∫’È¬≈Õ¬μ—« ¥Õ°‡∫’È¬§ß∑’Ë ‰¡à¡’¥Õ°‡∫’È¬ √«¡

‘π∑√—æ¬å/Àπ’È ‘π∑“ß°“√‡ß‘π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ 9 - 48 57 ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â - 336 - 336 ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π 841 - - 841 (Àπà«¬ : ≈â“π∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ¡’Õ—μ√“ ¡’Õ—μ√“ ¥Õ°‡∫’È¬≈Õ¬μ—« ¥Õ°‡∫’È¬§ß∑’Ë ‰¡à¡’¥Õ°‡∫’È¬ √«¡

‘π∑√—æ¬å/Àπ’È ‘π∑“ß°“√‡ß‘π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ - - 45 45 ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â - 333 - 333 ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π 841 - - 841 ‘π∑√—æ¬å·≈–Àπ’È ‘π∑“ß°“√‡ß‘π∑’Ë¡’Õ—μ√“¥Õ°‡∫’È¬§ß∑’Ë·≈–«—π∑’Ë§√∫°”Àπ¥¢Õß‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π π—∫®“°«—π∑’Ë„πß∫¥ÿ≈ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ¡’¥—ßπ’È : (Àπà«¬ : ≈â“π∫“∑) ß∫°“√‡ß‘π√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ‡¡◊ËÕ∑«ß∂“¡ 1 - 6 ‡¥◊Õπ 6 - 12 ‡¥◊Õπ √«¡ Õ—μ√“¥Õ°‡∫’È¬

‘π∑√—æ¬å/Àπ’È ‘π∑“ß°“√‡ß‘π ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â - 277 - 277 2.00% - 3.00% ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π - 782 - 782 4.25% - 7.125% (Àπà«¬ : ≈â“π∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ‡¡◊ËÕ∑«ß∂“¡ 1 - 6 ‡¥◊Õπ 6 - 12 ‡¥◊Õπ √«¡ Õ—μ√“¥Õ°‡∫’È¬

‘π∑√—æ¬å/Àπ’È ‘π∑“ß°“√‡ß‘π ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â - 275 - 275 2.00% - 3.00% ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π - 782 - 782 4.25% - 7.125%


A n n u a l R e p o r t 2 0 0 7

(Unit : Million Baht) CONSOLIDATED As at 31 December 2006


Financial assets/ liabilities Cash and cash equivalents 9 - 48 57 Restricted deposits with financial institutions - 336 - 336 Bank overdrafts and short - term loans from financial institutions 841 - - 841 (Unit : Million Baht) SEPARATE F/S As at 31 December 2006


Financial assets/ liabilities Cash and cash equivalents - - 45 45 Restricted deposits with financial institutions - 333 - 333 Bank overdrafts and short - term loans from financial institutions 841 - - 841 Financial instruments as of 31 December 2007 and 2006 with fixed interest rates, and the period of time from the balance sheet date to their maturity dates are as follows : (Unit : Million Baht) CONSOLIDATED As at 31 December 2007 At call 1 - 6 months 7 - 12 months Total Interest Rate

Financial assets/ liabilities Restricted deposits with financial institutions - 277 - 277 2.00% - 3.00% Bank overdrafts and short - term loans from financial institutions - 782 - 782 4.25% - 7.125% (Unit : Million Baht) SEPARATE F/S As at 31 December 2007 At call 1 - 6 months 7 - 12 months Total Interest Rate

Financial assets/ liabilities Restricted deposits with financial institutions - 275 - 275 2.00% - 3.00% Bank overdrafts and short - term loans from financial institutions - 782 - 782 4.25% - 7.125%

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√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

(Àπà«¬ : ≈â“π∫“∑) ß∫°“√‡ß‘π√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ‡¡◊ËÕ∑«ß∂“¡ 1 - 6 ‡¥◊Õπ 6 - 12 ‡¥◊Õπ √«¡ Õ—μ√“¥Õ°‡∫’È¬

‘π∑√—æ¬å/Àπ’È ‘π∑“ß°“√‡ß‘π ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â - 248 88 336 1.75% - 4.87% ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π 1 840 - 841 6.25% - 8.00% (Àπà«¬ : ≈â“π∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ‡¡◊ËÕ∑«ß∂“¡ 1 - 6 ‡¥◊Õπ 6 - 12 ‡¥◊Õπ √«¡ Õ—μ√“¥Õ°‡∫’È¬

‘π∑√—æ¬å/Àπ’È ‘π∑“ß°“√‡ß‘π ‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π∑’Ë¡’¢âÕ®”°—¥„π°“√„™â - 245 88 333 1.75% - 4.87% ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ®“° ∂“∫—π°“√‡ß‘π 1 840 - 841 6.25% - 8.00% ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡‘‰¥â„™âμ√“ “√Õπÿæ—π∏å∑“ß°“√‡ß‘π‡æ◊ËÕªÑÕß°—π§«“¡‡ ’Ë¬ß®“°√“¬°“√¥—ß°≈à“«¢â“ßμâπ ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«¡’√“¬≈–‡Õ’¬¥μ“¡∑’Ëª√“°Ø„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π∑’Ë 18 ‡π◊ËÕß®“°‡ß‘π°Ÿâ¬◊¡√–¬–¬“«¥—ß°≈à“«¡’®”π«π‡ß‘π‰¡à‡ªìπ “√– ”§—≠ ∫√‘…—∑ ®÷ß‰¡à‰¥â„™âμ√“ “√Õπÿæ—π∏å‡æ◊ËÕªÑÕß°—π§«“¡‡ ’Ë¬ß®“°°“√‡ª≈’Ë¬π·ª≈ßÕ—μ√“¥Õ°‡∫’È¬ §«“¡‡ ’Ë¬ß¥â“πÕ—μ√“·≈°‡ª≈’Ë¬π ∫√‘…—∑¡’§«“¡‡ ’Ë¬ß®“°Õ—μ√“·≈°‡ª≈’Ë¬π´÷Ëß‡°‘¥®“°°“√´◊ÈÕ ‘π§â“∑’Ë‡ªìπ‡ß‘πμ√“μà“ßª√–‡∑» ≥ «—π∑’Ë 31 ∏—π«“§¡ 2550 ∫√‘…—∑¡’√“¬°“√ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‰¡à‰¥âªÑÕß°—π§«“¡‡ ’Ë¬ß®“°Õ—μ√“·≈°‡ª≈’Ë¬π‡ªìπ®”π«π¥—ßπ’È (Àπà«¬ : ¥Õ≈≈“√å À√—∞) 2550

‘π∑√—æ¬å∑’Ë‡ªìπ‡ß‘πμ√“μà“ßª√–‡∑» 614,945 Àπ’È ‘π∑’Ë‡ªìπ‡ß‘πμ√“μà“ßª√–‡∑» 3,318,236 ¡Ÿ≈§à“¬ÿμ‘∏√√¡ ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬„™â«‘∏’°“√·≈– ¡¡μ‘∞“π¥—ßμàÕ‰ªπ’È„π°“√ª√–¡“≥¡Ÿ≈§à“¬ÿμ‘∏√√¡¢Õß‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π : ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥·≈–‡®â“Àπ’È ¡’¡Ÿ≈§à“μ“¡∫—≠™’„°≈â‡§’¬ß°—∫¡Ÿ≈§à“¬ÿμ‘∏√√¡‡π◊ËÕß®“°‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π‡À≈à“π’È®–§√∫°”Àπ¥„π√–¬–‡«≈“Õ—π —Èπ ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« - ¡Ÿ≈§à“μ“¡∫—≠™’®–‰¡à·μ°μà“ß®“°¡Ÿ≈§à“¬ÿμ‘∏√√¡Õ¬à“ß¡’ “√– ”§—≠ ‡π◊ËÕß®“°‡ß‘π°Ÿâ¬◊¡√–¬–¬“«¡’Õ—μ√“¥Õ°‡∫’È¬„°≈â‡§’¬ß°—∫Õ—μ√“¥Õ°‡∫’È¬„πμ≈“¥ 30. °“√‡ πÕ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π®”·π°μ“¡ à«πß“π ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π®”·π°μ“¡ à«πß“π∏ÿ√°‘®®—¥®”Àπà“¬ ∏ÿ√°‘®μ‘¥μ“¡Àπ’È ‘π ∏ÿ√°‘®„Àâ‡™à“æ◊Èπ∑’Ë ·≈–Õ◊ËπÊ „πß∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2550 ·≈– 2549 ¡’¥—ßπ’È


A n n u a l R e p o r t 2 0 0 7

(Unit : Million Baht) CONSOLIDATED As at 31 December 2006 At call 1 - 6 months 7 - 12 months Total Interest Rate

Financial assets/ liabilities Restricted deposits with financial institutions - 248 88 336 1.75% - 4.87% Bank overdrafts and short - term loans from financial institutions 1 840 - 841 6.25% - 8.00% (Unit : Million Baht) SEPARATE F/S As at 31 December 2006 At call 1 - 6 months 7 - 12 months Total Interest Rate

Financial assets/ liabilities Restricted deposits with financial institutions - 245 88 333 1.75% - 4.87% Bank overdrafts and short - term loans from financial institutions 1 840 - 841 6.25% - 8.00% The Company and subsidiary do not use any derivative financial instruments to hedge risks. The details of long - term loans are presented in Note 18 to the financial statements. Since such long - term loans are immaterial, the Company does not use any financial instrument to hedge interest rate risk. Foreign currency risk The Company is exposed to foreign currency risk relating to purchases denominated in foreign currencies. As at 31 December 2007, the Company has unhedged assets and liabilities from foreign currency risk as follows : (Unit : US Dollar) 2007 Assets in foreign currency 614,945 Liabilities in foreign currency 3,318,236 Fair value The following methods and assumptions are used to estimate the fair value of each class of financial instruments. Cash and cash equivalent › the carrying values approximate their fair values due to the relatively short - term maturity of these financial instruments. Long - term loans › the carrying values are not materially different from the fair value since the loans carry interest at the rates close to market rates. 30. FINANCIAL INFORMATION BY SEGMENT The Companyûs and its subsidiaryûs segmental financial information, divided into the trading business, debt collection business, office rental business and others as presented in the consolidated financial statements for the years ended 31 December 2007 and 2006, are as follows :

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√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

(Àπà«¬ : ≈â“π∫“∑) ß∫°“√‡ß‘π√«¡ 2550 ∏ÿ√°‘® ∏ÿ√°‘® ∏ÿ√°‘® √“¬°“√ ®—¥®”Àπà“¬ μ‘¥μ“¡Àπ’È ‘π „Àâ‡™à“æ◊Èπ∑’Ë Õ◊ËπÊ μ—¥∫—≠™’ √«¡

√“¬‰¥â 5,415 161 128 227 (36) 5,898 μâπ∑ÿπ¢“¬ (5,074) (106) (78) - - (5,258) °”‰√¢—Èπμâπ 341 58 50 227 (36) 640 §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ (490) ¥Õ°‡∫’È¬®à“¬ (43) ¿“…’‡ß‘π‰¥â (40) °”‰√ ÿ∑∏‘ ”À√—∫ªï 67 ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ 157 7 3 - - 167 Õ“§“√·≈–Õÿª°√≥å › ÿ∑∏‘ 62 11 19 - - 92 ‚ª√·°√¡§Õ¡æ‘«‡μÕ√å- ÿ∑∏‘ 3 8 - - - 11 ‘∑∏‘°“√‡™à“Õ“§“√ › ÿ∑∏‘ 57 - 2 - - 59 ‘π∑√—æ¬åÕ◊Ëπ 1,182 71 26 40 (44) 1,275 ‘π∑√—æ¬å√«¡ 1,461 97 50 40 (44) 1,604 (Àπà«¬ : ≈â“π∫“∑) ß∫°“√‡ß‘π√«¡ 2549 ∏ÿ√°‘® ∏ÿ√°‘® ∏ÿ√°‘® √“¬°“√ ®—¥®”Àπà“¬ μ‘¥μ“¡Àπ’È ‘π „Àâ‡™à“æ◊Èπ∑’Ë Õ◊ËπÊ μ—¥∫—≠™’ √«¡

√“¬‰¥â 4,849 145 117 112 (32) 5,191 μâπ∑ÿπ¢“¬ (4,499) (75) (70) - - (4,644) °”‰√¢—Èπμâπ 350 70 47 112 (32) 547 §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ (447) ¥Õ°‡∫’È¬®à“¬ (44) ¿“…’‡ß‘π‰¥â (17) °”‰√ ÿ∑∏‘ ”À√—∫ªï 39 ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ 134 6 5 - - 145 Õ“§“√·≈–Õÿª°√≥å › ÿ∑∏‘ 76 11 11 - - 98 ‚ª√·°√¡§Õ¡æ‘«‡μÕ√å- ÿ∑∏‘ 7 10 - - - 17 ‘∑∏‘°“√‡™à“Õ“§“√ › ÿ∑∏‘ 62 - 2 - - 64 ‘π∑√—æ¬åÕ◊Ëπ 1,070 76 34 60 (58) 1,182 ‘π∑√—æ¬å√«¡ 1,349 103 52 60 (58) 1,506 31. °“√· ¥ß√“¬°“√„πß∫°“√‡ß‘π ∫√‘…—∑‰¥â¡’°“√®—¥ª√–‡¿∑√“¬°“√∑“ß∫—≠™’„πß∫°“√‡ß‘π ”À√—∫ªï 2549 „À¡à ‡æ◊ËÕ„Àâ Õ¥§≈âÕß°—∫°“√®—¥ª√–‡¿∑√“¬°“√¢Õßªïªí®®ÿ∫—π ´÷Ëß‰¡à¡’º≈°√–∑∫μàÕ°”‰√ ÿ∑∏‘À√◊Õ à«π¢ÕßºŸâ∂◊ÕÀÿâπμ“¡∑’Ë‰¥â√“¬ß“π‰ª·≈â« 32. °“√Õπÿ¡—μ‘ß∫°“√‡ß‘π ß∫°“√‡ß‘ππ’È‰¥â√—∫Õπÿ¡—μ‘®“°°√√¡°“√¢Õß∫√‘…—∑·≈â«‡¡◊ËÕ«—π∑’Ë 12 ¡’π“§¡ 2551


A n n u a l R e p o r t 2 0 0 7

(Unit : Million Baht) CONSOLIDATED 2007 Trading Debt collection Rental business business business Other Elimination Total

Revenues 5,415 161 128 227 (36) 5,898 Cost of sales (5,074) (106) (78) - - (5,258) Operating profit 341 58 50 227 (36) 640 Selling and administrative expenses (490) Interest expense (43) Income tax (40) Net income for the year 67 Trade accounts receivable - net 157 7 3 - - 167 Property and equipment - net 62 11 19 - - 92 Computer software - net 3 8 - - - 11 Leasehold rights and prepaid rent - net 57 - 2 - - 59 Other assets 1,182 71 26 40 (44) 1,275 Total Assets 1,461 97 50 40 (44) 1,604 (Unit : Million Baht) CONSOLIDATED 2006 Trading Debt collection Rental business business business Other Elimination Total

Revenues 4,849 145 117 112 (32) 5,191 Cost of sales (4,499) (75) (70) - - (4,644) Operating profit 350 70 47 112 (32) 547 Selling and administrative expenses (447) Interest expense (44) Income tax (17) Net income for the year 39 Trade accounts receivable - net 134 6 5 - - 145 Property and equipment - net 76 11 11 - - 98 Computer software - net 7 10 - - - 17 Leasehold rights and prepaid rent - net 62 - 2 - - 64 Other assets 1,070 76 34 60 (58) 1,182 Total Assets 1,349 103 52 60 (58) 1,506 31. PRESENTATION Certain accounts in the financial statements for the year ended 31 December 2006 have been reclassified to conform with the current year classification, with no effect on previously reported net income or shareholdersû equity. 32. APPROVAL OF FINANCIAL STATEMENTS These financial statements have been approved by the of the Companyûs directors on 12 March 2008

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√“¬°“√√–À«à“ß°—π

1. √“¬≈–‡Õ’¬¥√“¬°“√√–À«à“ß°—π ∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß ¡Ÿ≈§à“√“¬°“√ (∫“∑) §«“¡®”‡ªìπ·≈– ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘®/≈—°…≥–§«“¡ —¡æ—π∏å ªï 2550 ªï 2549 §«“¡ ¡‡Àμÿ ¡º≈¢Õß√“¬°“√ ¡.§.-∏.§. ¡.§.-∏.§.

π“¬ª√–¥‘…∞å ÿ¢ÿ¡«‘∑¬“ 200,000 240,000 ∫√‘…—∑μâÕß°“√¢¬“¬ “¢“‰ª¬—ß®—ßÀ«—¥¬–≈“ ¡’§«“¡ —¡æ—π∏å°—∫∫√‘…—∑ ¥—ßπ’È ‚¥¬æ◊Èπ∑’Ë¥—ß°≈à“«‡ªìπæ◊Èπ∑’Ë∑’ËÕ¬Ÿà„®°≈“ß‡¡◊Õß - ∫‘¥“§ÿ≥Õ¥‘»—°¥‘Ï ÿ¢ÿ¡«‘∑¬“ μ‘¥°—∫ ∂“π’√∂‰ø·≈–‡ªìπ∑’Ë™ÿ¡™π ¡’§πºà“π‰ª¡“¡“° (¬°‡≈‘° —≠≠“‡™à“ 1 ∏.§. 50) ‚¥¬Õ—μ√“§à“‡™à“‡ªìπ√“§“μ≈“¥‡¡◊ËÕ‡∑’¬∫°—∫ (1 °.§. 50 › 30 æ.¬. 50 Õ—μ√“§à“‡™à“ Õ—μ√“§à“‡™à“„πÀâ“ß √√æ ‘π§â“∫√‘‡«≥„°≈â‡§’¬ß°—π ‡¥◊Õπ≈– 10,000 ∫“∑) ´÷Ëß§≥–°√√¡°“√μ√«® Õ∫¡’§«“¡‡ÀÁπ«à“√“¬°“√ ¥—ß°≈à“«‡ªìπ√“¬°“√∑’Ë ¡‡Àμÿ ¡º≈·≈–¬ÿμ‘∏√√¡ π“¬æ‘»≥ÿ æß…åÕ—™¨“ 840,000 840,000 ∫√‘…—∑œ ¡’æ◊Èπ∑’Ë‰¡à‡æ’¬ßæÕ„π°“√®—¥‡°Á∫«— ¥ÿÕÿª°√≥å ¡’§«“¡ —¡æ—π∏å°—∫∫√‘…—∑ ¥—ßπ’È ·≈–‡§√◊ËÕßμ∫·μàß·≈– ∂“π∑’Ëμ—Èß¥—ß°≈à“« - ª√–∏“π°√√¡°“√∫√‘…—∑ Õ¬Ÿà„°≈â‡§’¬ß°—∫ ”π—°ß“π„À≠à¢Õß∫√‘…—∑œ - æ’Ë™“¬¢Õß§ÿ≥¬ÿ«¥’ æß…åÕ—™¨“ ´÷Ëß –¥«°μàÕ°“√¢π¬â“¬ ‚¥¬Õ—μ√“§à“‡™à“‡ªìπ - ºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑ √âÕ¬≈– 0.03 ¢Õß∑ÿπ √“§“μ≈“¥ ‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫Õ—μ√“§à“‡™à“ ”À√—∫ ™”√–·≈â« æ◊Èπ∑’Ë„π∫√‘‡«≥„°≈â‡§’¬ß ·≈–§≥–°√√¡°“√μ√«® Õ∫ ¡’§«“¡‡ÀÁπ«à“‡ªìπÕ—μ√“‡¥’¬«°—∫∑’Ë‡√’¬°‡°Á∫≈Ÿ°§â“ ∑—Ë«‰ª ∫√‘…—∑ Õ‘ÕÕπ ∏π ‘π∑√—æ¬å ®”°—¥ (¡À“™π) 1,642,735 1,642,735 ∫√‘…—∑∫√‘À“√æ◊Èπ∑’Ë‡™à“ ‚¥¬®—¥ √√„ÀâÕ‘ÕÕπ‡™à“μàÕ ¥”‡π‘π∏ÿ√°‘®„Àâ∫√‘°“√ ‘π‡™◊ËÕ‡™à“´◊ÈÕ ‘π‡™◊ËÕ ‚¥¬§à“‡™à“·≈–§à“∫√‘°“√ “∏“√≥Ÿª‚¿§¡’§«“¡ ∫—μ√‡§√¥‘μ ‘π‡™◊ËÕ à«π∫ÿ§§≈ ·≈–∏ÿ√°‘®°“√ ¡‡Àμÿ ¡º≈ ·≈–Õ—μ√“§à“‡™à“‡ªìπ√“§“μ≈“¥ ´◊ÈÕ ‘∑∏‘‡√’¬°√âÕß ‚¥¬¡’∑’Ëμ—Èß Ì“π—°ß“π„À≠à∑’Ë ‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫Õ—μ√“§à“‡™à“ ”À√—∫æ◊Èπ∑’Ë 159 ™—Èπ 1-2 Õ“§“√‡ √‘¡¡‘μ√ ∑“«‡«Õ√å ∂ππÕ‚»° „π∫√‘‡«≥„°≈â‡§’¬ß·≈–√“§“‡™àπ‡¥’¬«°—∫ºŸâ‡™à“√“¬Õ◊Ëπ ( ÿ¢ÿ¡«‘∑ 21) ·¢«ß§≈Õß‡μ¬‡Àπ◊Õ ‡¢μ«—≤π“ ·≈–§≥–°√√¡°“√μ√«® Õ∫¡’§«“¡‡ÀÁπ«à“ °√ÿß‡∑æœ 10110 ‡ªìπÕ—μ√“‡¥’¬«°—∫∑’Ë‡√’¬°‡°Á∫°—∫≈Ÿ°§â“∑—Ë«‰ª ¡’§«“¡ —¡æ—π∏å°—∫∫√‘…—∑ ¥—ßπ’È §ÿ≥‡¥™ ∫ÿ≈ ÿ¢ ¥”√ßμ”·Àπàß°√√¡°“√Õ‘ √– 9,269,259 4,481,265 °“√∑”∏ÿ√°‘®‡™à“´◊ÈÕºà“πÕ‘ÕÕπ ‡ªìπ°“√¥”‡π‘π ¢Õß∫√‘…—∑ ·≈–¥”√ßμ”·Àπàß°√√¡°“√Õ‘ √–·≈– ∏ÿ√°‘®μ“¡ª°μ‘¢Õß∫√‘…—∑œ ·≈–√“¬°“√ π—∫ πÿπ °√√¡°“√μ√«® Õ∫¢Õß∫¡®. Õ‘ÕÕπ ∏π ‘π∑√—æ¬å °“√¢“¬‡ªìπ‰ªμ“¡√“¬°“√∑’Ë‡°‘¥¢÷Èπ®√‘ß ·≈–§≥– °√√¡°“√μ√«® Õ∫‰¥â„Àâ§«“¡‡ÀÁπ«à“√“¬°“√¡’ §«“¡ ¡‡Àμÿ ¡º≈·≈–¬ÿμ‘∏√√¡ ·≈–‡ªìπ°“√ ¥”‡π‘πμ“¡ª°μ‘¢Õß∫√‘…—∑œ


A n n u a l R e p o r t 2 0 0 7

Related Party Transactions

1. Related Transaction in details Related parties that may have Transaction Value (Baht) Significant and necessary of the conflict of interest Year 2007 Year 2006 Transaction Type of Business/ Type of Relationship Jan.-Dec. Jan.-Dec.

Mr. Pradit Sukumvitaya 200,000 240,000 Company need to expand JAY MART branch to Yala Relationship with company as follows: province, mentioned space is in the middle - Mr. Adisak Sukumvitayaûs father of the town close to train station and community, (Cancelled rental contract on lot of people passed by. Rental fee is market December 1,2007) price when compare with rental fee in Shopping (1 Jul. 07 › 30 Nov.07 Rental Fee Center near by. Audit Committee found that 10,000 baht per month) mentioned transaction is reasonable and fair. Mr. Pisnu Pong-acha 840,000 840,000 Company has not enough space to store accessory Relationship with company as follows and decoration and mentioned space is near - Chairman of Board of Directors by company head office which is convenience - Miss Yuvadee Pong-achaûs Brother to move. Rental fee is market price when - Hold company share 0.03% of paid-up compare with rental fee in Shopping Center near by. capital Audit Committee found that mentioned transaction is the same price with ordinary customer. AEON Thana Sinsap Public Co., Ltd. 1,642,735 1,642,735 Company manage rental space by allocate to Provide hire-purchase credit, credit card, AEON for rental by rental and utility fee is personal loan and factoring. Head office: reasonable and rental fee is market price when 159 Floor 1-2 Sermmitr Tower, Asoke compare with rental fee for space near by and (Sukhumvit 21), Klongtoey Nua, Wattana the same price as other rental. Audit Committee Bangkok 10110 found that it is the same rate with the ordinary Relationship with company as follows customer. Mr. Dej Bulsuk Position: Company 9,269,259 4,481,265 Perform hire-purchase business is regular business Independent Committee and Independent of the company and sales promotion is truly Committee and Audit Committee of AEON happened. Audit Committee found that transaction Thana Sinsap PCL. has reasonable and fair and it is regular business of company.

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√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß ¡Ÿ≈§à“√“¬°“√ (∫“∑) §«“¡®”‡ªìπ·≈– ≈—°…≥–°“√ª√–°Õ∫∏ÿ√°‘®/≈—°…≥–§«“¡ —¡æ—π∏å ªï 2550 ªï 2549 §«“¡ ¡‡Àμÿ ¡º≈¢Õß√“¬°“√ ¡.§.-∏.§. ¡.§.-∏.§.

∫√‘…—∑ ‡® ‡ÕÁ¡ ∑’ ‡πÁ∑‡«Õ√å§ ‡´Õ√å«‘ ‡´Á ®”°—¥ 226,654 23,457 ¢“¬ ‘π§â“ °“√¢“¬‚∑√»—æ∑å‡§≈◊ËÕπ∑’Ë‡ªìπ°“√¥”‡π‘π ¥”‡π‘π∏ÿ√°‘®„Àâ∫√‘°“√μ‘¥μ“¡Àπ’È ‘π ‚¥¬¡’∑’Ëμ—Èß ∏ÿ√°‘®ª°μ‘¢Õß∫√‘…—∑·≈–√“§“∑’Ë¢“¬‡ªìπ√“§“∑’Ë ”π—°ß“π„À≠à∑’Ë 9/143,144,145 Õ“§“√¬Ÿ‡ÕÁ¡∑“«‡«Õ√å ‡À¡“– ¡ ‡π◊ËÕß®“°‡ªìπ√“§“μ≈“¥´÷Ëß “¡“√∂ ™—Èπ 14 ∂ππ√“¡§”·Àß ‡¢μ «πÀ≈«ß °√ÿß‡∑æœ ‡∑’¬∫‡§’¬ß°—∫≈Ÿ°§â“√“¬Õ◊ËπÊ ‰¥â ¡’§«“¡ —¡æ—π∏å°—∫∫√‘…—∑ ¥—ßπ’È 4,176,000 3,600,000 √“¬‰¥â§à“∫√‘À“√ß“π ∫√‘…—∑„Àâ∫√‘°“√°—∫ ‡® ‡ÕÁ¡ ∑’ - ∫√‘…—∑∂◊ÕÀÿâπ√âÕ¬≈– 99.99 ¢Õß∑ÿπ™”√–·≈â« ‡π◊ËÕß®“°‡® ‡ÕÁ¡ ∑’ ‡ªìπ∫√‘…—∑¬àÕ¬·≈–∂â“‡® ‡ÕÁ¡ ∑’ ®–¥”‡π‘π°“√ ¥—ß°≈à“« ∑—ÈßÀ¡¥‡Õß ®–‡°‘¥§à“„™â®à“¬ ∑’Ë Ÿß¢÷Èπ ∑—Èßπ’È¿“¬„μâ‡ß◊ËÕπ‰¢„π —≠≠“ ‡¡◊ËÕ§√∫°”Àπ¥ —≠≠“·≈â« “¡“√∂μàÕ —≠≠“‰¥âÕ’°∑ÿ°Ê ªï ‚¥¬μâÕß·®âß‡ªìπ≈“¬≈—°…≥åÕ—°…√≈à«ßÀπâ“‰¡àπâÕ¬°«à“ 3 ‡¥◊Õπ ·≈–§≥–°√√¡°“√μ√«® Õ∫‰¥â„Àâ§«“¡ ‡ÀÁπ«à“‡ªìπ√“¬°“√∑’Ë¡’§«“¡®”‡ªìπ·≈– ¡‡Àμÿ ¡º≈ ·≈–„πÕπ“§μ ∫√‘…—∑œ ®–¬—ß§ß¡’°“√„Àâ∫√‘°“√ ª√–‡¿∑π’ÈμàÕ‰ª Õ¬à“ß‰√°Áμ“¡ °√√¡°“√μ√«® Õ∫ ®–√à«¡°—π¥Ÿ·≈√“¬°“√¥—ß°≈à“«„Àâ‡ªìπ‰ªμ“¡ —≠≠“·≈–Õ¬à“ß ¡‡Àμÿ ¡º≈ - 81,315 „Àâ‡™à“æ◊Èπ∑’Ë §à“‡™à“·≈–§à“∫√‘°“√ “∏“√≥Ÿª‚¿§¡’ §«“¡ ¡‡Àμÿ ¡º≈ ‚¥¬Õ—μ√“§à“‡™à“‡ªìπ√“§“μ≈“¥ ‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫Õ—μ√“§à“‡™à“ ”À√—∫æ◊Èπ∑’Ë„π∫√‘‡«≥ „°≈â‡§’¬ß·≈–√“§“‡™àπ‡¥’¬«°—∫ºŸâ‡™à“√“¬Õ◊Ëπ ·≈– §≥–°√√¡°“√μ√«® Õ∫¡’§«“¡‡ÀÁπ«à“‡ªìπÕ—μ√“ ‡¥’¬«°—∫∑’Ë‡√’¬°‡°Á∫°—∫≈Ÿ°§â“∑—Ë«‰ª ∫√‘…—∑ ∑’.‡Õ.‡Õ . ·Õ ‡´Á∑ ®”°—¥ 46,200 46,200 ∫√‘…—∑®—¥ √√æ◊Èπ∑’Ë à«π∑’Ë‡À≈◊Õ„Àâ ∑’.‡Õ.‡Õ .·Õ ‡´Á∑ ¥”‡π‘π∏ÿ√°‘®‡°’Ë¬«°—∫Õ“§“√∑’Ëæ—°Õ“»—¬ ‚¥¬¡’ ‡™à“μàÕ‚¥¬§à“‡™à“æ◊Èπ∑’Ë¡’§«“¡ ¡‡Àμÿ ¡º≈ ∑’Ëμ—Èß ”π—°ß“π„À≠à∑’Ë 192 À¡Ÿà 1 À¡Ÿà∫â“π‚ªÉß·¬ß ‚¥¬Õ—μ√“§à“‡™à“‡ªìπ√“§“μ≈“¥ ‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫ ∂ππ·¡à√‘¡ –‡¡‘ß μ”∫≈‚ªÉß·¬ß Õ”‡¿Õ·¡à√‘¡ °—∫Õ—μ√“§à“‡™à“ ”À√—∫æ◊Èπ∑’Ë„π∫√‘‡«≥„°≈â‡§’¬ß ®—ßÀ«—¥‡™’¬ß„À¡à ·≈–√“§“‡™àπ‡¥’¬«°—∫ºŸâ‡™à“√“¬Õ◊Ëπ ·≈– ¡’§«“¡ —¡æ—π∏å°—∫∫√‘…—∑ ¥—ßπ’È §≥–°√√¡°“√μ√«® Õ∫¡’§«“¡‡ÀÁπ«à“ - π“ß “«¬ÿ«¥’ æß…åÕ—™¨“ ‡ªìπÕ—μ√“‡¥’¬«°—∫∑’Ë‡√’¬°‡°Á∫°—∫≈Ÿ°§â“∑—Ë«‰ª ¥”√ßμ”·Àπàß°√√¡°“√¢Õß∫√‘…—∑ ∫√‘…—∑ §Õøøïò ¡‘≈≈å ®”°—¥ 95,926 - ∫√‘…—∑μâÕß°“√´◊ÈÕ‡§√◊ËÕß„™â ”π—°ß“π‡æ‘Ë¡‡μ‘¡ ¥”‡π‘π∏ÿ√°‘® ¢“¬Õ“À“√ ·≈–‡§√◊ËÕß¥◊Ë¡ ‡æ◊ËÕ ”√Õß ”À√—∫ß“π∑’Ë¢¬“¬‡æ‘Ë¡¢÷Èπ ‚¥¬∑√—æ¬å ‘π ‚¥¬¡’∑’Ëμ—Èß ”π—°ß“π„À≠à∑’Ë 990 Õ“§“√Õ—∫¥ÿ≈√“Œ‘¡ ¥—ß°≈à“«¡’√“§“∂Ÿ°‡π◊ËÕß®“°‡ªìπ¢Õß„™â·≈â« ∂ππæ√–√“¡ 4 ·¢«ß ’≈¡ ‡¢μ∫“ß√—° ‡ªìπ√“§“∑’Ë‡À¡“– ¡ ‡π◊ËÕß®“°‡ªìπ√“§“μ≈“¥ - π“ß “«¬ÿ«¥’ æß…åÕ—™¨“ ´÷Ëß “¡“√∂‡∑’¬∫‡§’¬ß°—∫≈Ÿ°§â“√“¬Õ◊ËπÊ‰¥â ¥”√ßμ”·Àπàß°√√¡°“√ ¢Õß∫√‘…—∑ ´÷Ëß§≥–°√√¡°“√μ√«® Õ∫¡’§«“¡‡ÀÁπ«à“√“¬°“√ ¥—ß°≈à“«¡’§«“¡ ¡‡Àμÿ ¡º≈


A n n u a l R e p o r t 2 0 0 7

Related parties that may have Transaction Value (Baht) Significant and necessary of the conflict of interest Year 2007 Year 2006 Transaction Type of Business/ Type of Relationship Jan.-Dec. Jan.-Dec.

JMT Network Services Co., Ltd. 226,654 23,457 Selling mobile phone is regular business for Provide Debt Collection Business the company and selling price is reasonable price Head office: 9/143,144,145 UM Tower Floor 14, since it is market price which can compare with Ramkhamhang, Suanluang, Bangkok other customer. Relationship with company as follows 4,176,000 3,600,000 Company provides services to JMT because JMT - Hold Share of 99.99 % of paid-up capital is a subsidiary and if JMT need to operate all, the expenses will be increase. Under the contract condition when contract is due it can be extended every year by inform in written in advance not less than 3 months. Audit Committee found that it is a necessary and reasonably transaction and in the future company still have to give this kind of service. However Audit Committee will take care mentioned transaction to be in line with contract and be reasonable. - 81,315 Being reasonable for Rental fee and utilities fee, by rental fee is a market price when compare with the rental fee of the near by space and same price with other rental. Audit Committee found that it is the same rate as we collect for ordinary customer. T.A.S. Assets Co., Ltd. 46,200 46,200 Company allocated remaining space to T.A.S. Provide Housing Business Assets for rental and rental fee is reasonable. Head office 192 Moo 1, Pongyeang Village, By rental fee is market price when compare with Mae-rim Sameang Rd., Pongyeang, Mae-rim, rental fee of the space near by and price are Chiengmai the same as other renter. Audit Committee Relationship with company as follows found that it is the same rate as we collect for - Miss Yuvadee Pong-acha Position: ordinary customer. Company Director Coffee Mill Co., Ltd. 95,926 - Company need to buy more office equipment Provide Food and Beverage Business in order to reserve for business expansion. Head Office: 990 Abdul rahim Building, Mentioned assets are cheap since they are use. Rama 4 Rd., Silom, Bangrak, Bangkok Price is reasonable because it is market price - Miss Yuvadee Pong-acha Position: which can compare with other customers. Company Director Audit Committee found that mentioned transaction is a reasonable transaction.

94 ∫ √‘ …— ∑ ‡ ® ¡ “ √å ∑ ®Ì “ °— ¥ ( ¡ À “ ™ π )

√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

2 ¡“μ√°“√À√◊Õ¢—ÈπμÕπÕπÿ¡—μ‘√“¬°“√√–À«à“ß°—π ∫√‘…—∑‰¥â¡’°“√°”Àπ¥¡“μ√°“√·≈–¢—ÈπμÕπ°“√Õπÿ¡—μ‘°“√∑”√“¬°“√√–À«à“ß°—π ‚¥¬®–°”Àπ¥„ÀâºŸâ∫√‘À“√À√◊ÕºŸâ∑’Ë¡’ à«π‰¥â à«π‡ ’¬®–‰¡à “¡“√∂‡¢â“¡“¡’ à«π√à«¡„π°“√Õπÿ¡—μ‘√“¬°“√¥—ß°≈à“«‰¥â ·≈–°√≥’∑’Ë¡’√“¬°“√√–À«à“ß°—π¢Õß∫√‘…—∑À√◊Õ∫√‘…—∑¬àÕ¬°—∫∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ¡’ à«π‰¥â‡ ’¬ À√◊ÕÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå„πÕπ“§μ ∫√‘…—∑®–®—¥„Àâ¡’§«“¡‡ÀÁπ‚¥¬§≥–°√√¡°“√μ√«® Õ∫‡°’Ë¬«°—∫§«“¡®”‡ªìπ¢Õß°“√‡¢â“∑”√“¬°“√ §«“¡ ¡‡Àμÿ ¡º≈ ·≈–§«“¡‡À¡“– ¡¥â“π√“§“¢Õß√“¬°“√π—Èπ ‚¥¬æ‘®“√≥“¥Ÿ‡ß◊ËÕπ‰¢μà“ßÊ „Àâ‡ªìπ‰ªμ“¡≈—°…≥–°“√¥”‡π‘π°“√§â“ª°μ‘„πμ≈“¥ ·≈–¡’°“√‡ª√’¬∫‡∑’¬∫√“§“∑’Ë‡°‘¥¢÷Èπ°—∫∫ÿ§§≈¿“¬πÕ° „π°√≥’∑’Ë§≥–°√√¡°“√μ√«® Õ∫‰¡à¡’§«“¡™”π“≠„π°“√æ‘®“√≥“√“¬°“√√–À«à“ß°—π∑’ËÕ“®‡°‘¥¢÷Èπ ∫√‘…—∑®–®—¥„Àâ¡’∫ÿ§§≈∑’Ë¡’§«“¡√Ÿâ§«“¡™”π“≠æ‘‡»… ‡™àπ ºŸâ Õ∫∫—≠™’ À√◊ÕºŸâª√–‡¡‘π√“§“Õ‘ √– À√◊Õ ”π—°ß“π°ÆÀ¡“¬ ‡ªìπμâπ ∑’Ë‡ªìπÕ‘ √–®“°∫√‘…—∑·≈–∫ÿ§§≈∑’ËÕ“®¡’§«“¡¢—¥·¬âß‡ªìπºŸâ„Àâ§«“¡‡ÀÁπ‡°’Ë¬«°—∫√“¬°“√√–À«à“ß°—π¥—ß°≈à“« §«“¡‡ÀÁπ¢Õß∫ÿ§§≈∑’Ë¡’§«“¡√Ÿâ§«“¡™”π“≠æ‘‡»…®–∂Ÿ°π”‰ª„™âª√–°Õ∫°“√μ—¥ ‘π„®¢Õß§≥–°√√¡°“√μ√«® Õ∫ ·≈–/À√◊Õ§≥–°√√¡°“√∫√‘…—∑ ·≈–/À√◊ÕºŸâ∂◊ÕÀÿâπ·≈â«·μà°√≥’ ∑—Èßπ’È ∫√‘…—∑®–‡ªî¥‡º¬√“¬°“√√–À«à“ß°—π‰«â„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π∑’Ë‰¥â√—∫°“√μ√«® Õ∫®“°ºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑ 3 π‚¬∫“¬°“√∑”√“¬°“√√–À«à“ß°—π„πÕπ“§μ °“√‡¢â“∑”√“¬°“√√–À«à“ß°—π„πÕπ“§μ®–μâÕß¡’°“√μ√«® Õ∫‡ªìπ‰ªμ“¡¡“μ√°“√·≈–¢—ÈπμÕπ°“√Õπÿ¡—μ‘°“√∑”√“¬°“√√–À«à“ß°—πμ“¡∑’Ë∫√‘…—∑°”Àπ¥¥—ß∑’Ë‰¥â°≈à“«·≈â«¢â“ßμâπ ·≈–‡¡◊ËÕ∫√‘…—∑‡¢â“®¥∑–‡∫’¬π„πμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬·≈â« §≥–°√√¡°“√∫√‘…—∑®–μâÕß¥Ÿ·≈„Àâ∫√‘…—∑ªØ‘∫—μ‘„Àâ‡ªìπ‰ªμ“¡°ÆÀ¡“¬«à“¥â«¬°“√°”°—∫À≈—°∑√—æ¬å·≈–μ≈“¥À≈—°∑√—æ¬å ·≈–¢âÕ∫—ß§—∫ ª√–°“» §” —Ëß À√◊Õ¢âÕ°”Àπ¥¢Õßμ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ √«¡μ≈Õ¥∂÷ß°“√ªØ‘∫—μ‘μ“¡¢âÕ°”Àπ¥‡°’Ë¬«°—∫°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈°“√∑”√“¬°“√‡°’Ë¬«‚¬ß ·≈–°“√‰¥â¡“À√◊Õ®”Àπà“¬∑√—æ¬å ‘π∑’Ë ”§—≠¢Õß∫√‘…—∑À√◊Õ∫√‘…—∑¬àÕ¬ √«¡∑—ÈßªØ‘∫—μ‘μ“¡¡“μ√∞“π∫—≠™’∑’Ë°”Àπ¥‚¥¬ ¡“§¡π—°∫—≠™’


A n n u a l R e p o r t 2 0 0 7

2 Related Transaction Policy and Procedure Our Company has a policy on related transaction procedure by not allow the management or any person who have gain and loss in related transactions to join the mentioned related transaction approval. In case of company or subsidiary with individual have a conflict of interest, have gain and loss or may have a conflict of interest in the future, company will request an opinion from Audit committee concerned the necessity of involving in related transaction reasonably and appropriate price in each transaction, by reviewing each condition to be as the accepted market standard and compare with the reference to the market price. In case Audit Committee is not an expert in considering related transaction that may happened, company will arrange an expert such as Auditor or Independent Rater or Law office etc. who is an independent from company and person who may have conflict in giving an opinion of the related transaction. Opinion from an expert will be use as a supplement for the decision from Audit Committee and/or Board of Director and/or shareholders case by case. Company will disclose related transaction in the note of financial statement which is approved by Companyûs Auditor. 3 Policy and Trends for future Related Transaction Related transaction in the future has to comply with the standard and approval procedure of company. When company enter into the Stock Exchange of Thailand, Board of Directors need to process accordance with law of security control and stock exchange and regulation, announcement, word of command or rule of Stock Exchange of Thailand, including process according to the regulation of related transaction information disclosure and receive or sell an important assets of company or subsidiaries as well as process accordance with the accounting standard of Accountant Association.

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√ “ ¬ ß “ π ª √ – ® ” ªï 2 5 5 0

°‘®°√√¡‡æ◊ËÕ —ß§¡ ªï 2550 / Contributions to Society in Year 2007

∫√‘…—∑ ‡® ¡“√å∑ ®”°—¥ (¡À“™π) √à«¡°—∫ ”π—°ß“πμ”√«®·Ààß™“μ‘ ®—¥°‘®°√√¡√≥√ß§å ç‚∑√‰¡à¢—∫é ¢Õß°Õß∫—ß§—∫°“√μ”√«®®√“®√ ∑—Èßπ’È ‡æ◊ËÕ àß‡ √‘¡ «— ¥‘¿“æ·≈–§«“¡ª≈Õ¥¿—¬„π™’«‘μ·≈–∑√—æ¬å ‘π¢ÕßºŸâ¢—∫¢’Ë¬“πæ“Àπ–∫π∂ππ ·≈–¬—ß‰¥â√à«¡¡◊Õ°—∫°≈ÿà¡æ—π∏¡‘μ√ºŸâº≈‘μÀŸøíß·∫∫ “¬ ·≈–‰√â “¬ ¬’ËÀâÕ™—Èππ” ®—¥‚ª√‚¡™—Ëπæ‘‡»… ÿ¥Ê „Àâ·°àºŸâ∫√‘‚¿§ ‡æ◊ËÕ¢“π√—∫°ØÀ¡“¬ ç‚∑√‰¡à¢—∫é ∑’Ë®–¡’º≈∫—ß§—∫„™â„πªï 2551 π—∫ πÿπ°‘®°√√¡°“√®—¥À“∑ÿπ¢Õß ¡“§¡ àß‡ √‘¡ ∂“π¿“æ μ√’„πæ√–Õÿª∂—¡¿å æ√–‡®â“«√«ß»å‡∏Õ æ√–Õß§å‡®â“‚ ¡ «≈’ æ√–«√√“™“∑‘π—¥¥“¡“μÿ ‡æ◊ËÕ√à«¡∑”∫ÿ≠„Àâ°—∫∫â“πæ—°©ÿ°‡©‘π

JAYMART (Public) Co., Ltd., co-operated with the Royal Thai Police organize a campaign called çNo Call While Drivingé which is set up by Thai Traffic Police Bureau. This campaign is to promote safety and security in life and asset of driver on the road. By the same time company has cooperate with our alliance who produce leading brand name headphone and wireless headphone to set up special promotion for customer in order to response to the law for çNo Call While Drivingé which will be effective in the year 2008. Support raises fund activities for the Emergency Home of Association for the Promotion of the Status of Women under the Royal Patronage of HRH Princess Soamsawali.

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