ข่าวแจ้งตลาดหลักทรัพย์

REVIEWED THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED BALANCE SHEETS AS OF JUNE 30,1998 AND 1997 1998 1997 Baht Baht ASSETS Current Assets Cash on hand and at banks 90,855,134 28,026,924 Short -term investments 267,895,675 8,370,095,181 Trade accounts and notes receivable - Net (Note 2) 2,222,931,856 2,573,483,629 Inventories 3,183,945,310 3,258,170,574 Other current assets Materials and supplies 455,159,784 559,292,145 Others 539,906,064 548,519,823 Total Current Assets 6,760,693,823 15,337,588,276 Investments and Loans to Related Parties (Note 3) 424,360,985 415,127,424 Property,Plant and Equipment-Net (Note 4) 18,609,500,978 12,870,517,942 Other Assets Deferred income tax (Note 9) 1,582,215,449 - Deferred charges 201,978,427 178,407,651 Long term investment - service station 213,493,011 272,325,731 Others 163,113,033 86,866,103 TOTAL ASSETS 27,955,355,706 29,160,833,127 The accompanying notes are an integral part of these statements. (Sign) Vuthichai Pongprasit (Sign) (Sophon Suphapong) (Mr.Vuthichai Pongprasit) (Mr.Sophon Suphapong) Chairman President LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Bank overdrafts and loans from financial institutions (Note 5) 1,995,244,042 11,711,098,014 Trade accounts payable 8,148,814,829 4,228,991,724 Current portion of long-term loan (Note 6) 362,012,450 219,640,000 Short-term loan from related parties 6,250,000 - Other current liabilities Accrued excise tax and oil stabilization fund 255,027,660 244,898,050 Accrued expenses 459,911,544 245,269,123 Others 349,129,561 190,668,247 Total Current Liabilities 11,576,390,086 16,840,565,158 Long - Term Loan (Note 6) 5,994,393,011 3,112,697,358 Other Liabilities Deferred Revenue 83,043,033 90,651,250 Others 38,102,176 17,411,868 Total Liabilities 17,691,928,306 20,061,325,634 Shareholders' Equity Share capital Authorized share capital Common stock 522,040,940 shares par value at Baht 10 per share 5,220,409,400 5,220,409,400 Issued and paid-up share capital Common stock 522,040,940 shares par value at Baht 10 per share 5,220,409,400 5,220,409,400 Paid - in capital Premium on share capital 2,007,950,671 2,007,950,671 Surplus on fixed assets revaluation (Note 4) 4,916,542,076 - Retained earnings Appropriated Legal reserve 547,594,555 547,594,555 Unappropriated (2,387,389,983) 1,386,977,917 Deferred losses from foreign exchange fluctuations prior to year 1996 (41,679,319) (63,425,050) Total Shareholders' Equity 10,263,427,400 9,099,507,493 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 27,955,355,706 29,160,833,127 The accompanying notes are an integral part of these statements. REVIEWED THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED STATEMENTS OF INCOME FOR THE SECOND QUARTER ENDED JUNE 30, 1998 AND 1997 SECOND QUARTER FOR SIX MONTH ENDING 30 JUN 1998 1997 1998 1997 Baht Baht Baht Baht Revenues Sales 8,952,945,401 8,918,734,073 18,853,432,232 17,695,810,806 Other income Interest income 35,124,271 277,219,001 99,376,530 472,973,957 Others 71,856,602 112,594,951 133,886,338 203,034,234 Total Revenues 9,059,926,274 9,308,548,025 19,086,695,100 18,371,818,997 Expenses Cost of sales 9,056,414,627 8,604,576,588 17,839,629,213 17,201,911,013 Administrative and selling expenses 288,079,456 259,420,021 556,048,073 504,202,037 Interest expenses 173,382,543 324,759,849 399,065,792 621,663,076 Directors' remuneration 118,800 1,046,750 250,200 1,211,750 Losses from foreign exchange fluctuations 41,326,507 61,397 246,039,143 15,379,725 Total Expenses 9,559,321,933 9,189,864,605 19,041,032,421 18,344,367,601 Profit (Loss) before income tax (499,395,659) 118,683,420 45,662,679 27,451,396 Income Tax (150,875,417) 4,753,327 12,826,958 4,753,327 Net Profit (Loss) (348,520,242) 113,930,093 32,835,721 22,698,069 Earnings Per Share Net Profit (Loss) (0.67) 0.22 0.06 0.04 The accompanying notes are an integral part of these statements.