ข่าวแจ้งตลาดหลักทรัพย์

REVIEWED THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED BALANCE SHEETS AS OF SEPTEMBER 30,1998 AND 1997 1998 1997 Baht Baht ASSETS Current Assets Cash on hand and at banks 484,864,222 51,896,770 Short -term investments (Note 2) 2,028,106,968 215,814,917 Trade accounts and notes receivable - Net (Note 3) 1,920,669,841 2,758,019,750 Inventories 3,421,169,338 5,094,718,144 Other current assets Materials and supplies 446,537,696 445,075,970 Others 448,210,911 367,675,869 Total Current Assets 8,749,558,976 8,933,201,420 Investments and Loans to Related Parties (Note 4) 427,082,035 423,366,227 Property,Plant and Equipment-Net(Note 4) 18,635,135,931 13,275,375,946 Other Assets Deferred income tax (Note 9) 1,495,849,767 - Deferred charges 201,809,159 178,792,365 Long term investment - service station 281,264,896 274,446,345 Others 138,626,324 87,151,218 TOTAL ASSETS 29,929,327,088 23,172,333,521 The accompanying notes are an integral part of these statements. (Sign) Somchai Richupan (Sign) Sophon Suphapong (Mr.Somchai Richupan) (Sophon Suphapong) Chairman President LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Bank overdrafts and loans from financial institutions (Note 5) 6,424,749,314 2,112,006,410 Trade accounts payable 5,505,620,205 8,617,964,693 Current portion of long-term loan (Note 5) 585,526,450 4,055,332,750 Short-term loan from related parties 15,430,000 - Other current liabilities Accrued excise tax and oil stabilization fund 241,129,909 243,034,759 Accrued expenses 572,874,442 173,497,376 Others 312,901,681 334,867,293 Total Current Liabilities 13,658,232,001 15,536,703,281 Long - Term Loan (Note 6) 5,836,113,390 642,515,549 Other Liabilities Deferred Revenue 88,182,220 84,433,360 Others 37,404,182 17,911,868 Total Liabilities 19,619,931,793 16,281,564,058 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) 4,799,343,710 - Retained earnings Appropriated Legal reserve 547,594,555 547,594,555 Unappropriated -2,229,660,155 -827,196,545 Deferred losses from foreign exchange fluctuations prior to year 1996 -36,242,886 -57,988,618 Total Shareholders' Equity 10,309,395,295 6,890,769,463 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 29,929,327,088 23,172,333,521 The accompanying notes are an integral part of these statements. REVIEWED THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED STATEMENTS OF INCOME FOR THE THIRD QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 1998 AND 1997 THIRD QUARTER FOR NINE MONTHS ENDED 30 SEP 1998 1997 1998 1997 Baht Baht Baht Baht Revenues Sales 8,063,313,467 9,491,882,314 26,916,745,698 27,187,693,120 Other income Interest income 33,566,902 38,859,296 132,943,432 511,833,253 Others 62,413,900 63,629,525 196,300,239 266,663,759 Total Revenues 8,159,294,269 9,594,371,135 27,245,989,369 27,966,190,132 Expenses Cost of sales 7,690,959,252 8,401,885,378 25,530,588,465 25,603,796,390 Administrative and selling expenses 327,610,734 292,376,241 883,658,807 796,578,278 Interest expenses 319,842,958 142,699,431 718,908,750 764,362,508 Directors' remuneration 79,200 93,000 329,400 1,304,750 Losses (Gains) from foreign exchange fluctuations -311,712,961 5,435,256 -185,690,680 20,814,981 Total Expenses 8,026,779,183 8,842,489,306 26,947,794,742 27,186,856,907 Profit (Loss) before income tax 132,515,086 751,881,829 298,194,627 779,333,225 Income Tax 43,836,904 -4,753,327 92,668,921 0 Profit before extraordinary items 88,678,182 756,635,156 205,525,706 779,333,225 Extraordinary Items Losses from foreign exchange fluctuations-Managed float - -2,970,809,617 - -2,970,809,617 Net Profit (Loss) 88,678,182 -2,214,174,461 205,525,706 -2,191,476,392 Earnings Per Share Profit before extraordinary items 0.17 1.45 0.39 1.49 Extraordinary items - -5.69 - -5.69 Net Profit (Loss) 0.17 -4.24 0.39 -4.20 The accompanying notes are an integral part of these statements.