SET Announcements
) MD&A Q.2 (30 June 2007)
dollar related basis and records transactions as trade payable and trade
receivable respectively. Since the Company has assets greater than
liabilities, the appreciation of Thai Baht will cause the decrease in net
assets and vise versa. However, the Company has had the policy to leveling
differences of US dollar assets and liabilities whenever it becomes
appropriate. In the mean time, the Company has partly mitigated this risk by
utilizing some financial instruments. The Company has appointed a specific
department and from a special committee called Price Risk Management
Committee (PRMC) which consists of top management executives to keep a close
look on the situation and to give policy to perform risk management on the
matter.