ข่าวแจ้งตลาดหลักทรัพย์

UNAUDITED THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED BALANCE SHEETS AS OF DECEMBER 31,1999 AND 1998 1999 1998 Baht Baht ASSETS Current Assets Cash on hand and at banks 690,095,663 772,091,342 Short -term investments 180,599,916 173,386,200 Trade accounts and notes receivable - Net 2,731,490,138 1,695,648,389 Inventories 4,985,356,039 2,265,849,929 Other current assets Materials and supplies 432,173,592 437,354,760 Others 668,380,277 433,939,683 Total Current Assets 9,688,095,625 5,778,270,303 Investments and Loans to Related Parties 450,893,098 427,198,292 Property,Plant and Equipment-Net 17,990,946,504 18,967,117,080 Other Assets Deferred income tax 40,125,561 1,563,588,822 Deferred charges 180,582,431 193,256,183 Long term investment - service station 701,753,294 449,261,781 Others 136,737,830 18,463,581 TOTAL ASSETS 29,189,134,343 27,397,156,042 (Signed) Somchai Richupan (Signed) Sirichai Sakornratanakul (Somchai Richupan) (Sirichai Sakornratanakul) Chairman President LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Bank overdrafts and loans from financial institution 7,839,118,511 6,211,041,253 Trade accounts payable 4,589,294,615 2,783,502,391 Current portion of long-term loan 2,467,348,427 1,063,565,000 Other current liabilities Accrued excise tax and oil stabilization fund 358,484,053 255,579,163 Accrued expenses 439,120,860 486,543,280 Other accounts payable 47,603,860 315,272,741 Others 557,898,282 433,612,082 Total Current Liabilities 16,298,868,608 11,549,115,910 Long - Term Loan 4,551,631,721 5,685,335,446 Other Liabilities Deferred Revenue 78,450,675 84,952,503 Others 248,102,917 46,673,218 Total Liabilities 21,177,053,921 17,366,077,077 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 4,261,568,827 4,682,210,416 Retained earnings Appropriated Legal reserve 547,594,555 547,594,555 Unappropriated (4,016,382,310) (2,396,279,624) Deferred losses from foreign exchange fluctuations prior to year 1996 (9,060,721) (30,806,453) Total Shareholders' Equity 8,012,080,422 10,031,078,965 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 29,189,134,343 27,397,156,042 UNAUDITED THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED STATEMENTS OF INCOME FOR THE YEAR ENDED DECEMBER 31, 1999 AND 1998 1999 1998 Baht Baht Revenues Sales 38,337,569,490 34,303,400,322 Other income Interest income 81,088,733 159,752,748 Earnings from associated companies 3,289,783 5,737,855 Others 76,879,587 173,836,973 Total Revenues 38,498,827,593 34,642,727,898 Expenses Cost of sales 35,818,784,373 32,689,132,980 Administrative and selling expenses 1,473,358,060 1,274,068,737 Interest Expenses 1,134,490,058 1,021,615,161 Directors' remuneration 464,400 468,600 Losses (Gains) from foreign exchange fluctuations 168,370,126 (406,393,683) Total Expenses 38,595,467,017 34,578,891,795 Profit (Loss) before Income Tax (96,639,424) 63,836,103 Income Tax 1,523,463,262 24,929,866 Net Profit (Loss) (1,620,102,686) 38,906,237 Earnings Per Share (3.10) 0.07 UNAUDITED THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY AS OF DECEMBER 31,1999 Unit : Baht Share capital Premium on Surplus on Deferred losses from Retained Total share capital fixed assets foreign exchange earning revaluation prior to year 1996 Balance at December 31,1997 5,220,409,400 2,007,950,671 5,164,565,549 (52,552,184) (1,872,631,149) 10,467,742,287 Accumulated adjustment - - - - (14,960,157) (14,960,157) Ending balance after adjustment 5,220,409,400 2,007,950,671 5,164,565,549 (52,552,184) (1,887,591,306) 10,452,782,130 Items not recognised in the income statement (482,355,133) (482,355,133) Items recognised in the income statement 21,745,731 21,745,731 Net Profit for the period 38,906,237 38,906,237 Dividend paid - - Issued share capital - common stock - - - Balance at December 31,1998 5,220,409,400 2,007,950,671 4,682,210,416 (30,806,453) (1,848,685,069) 10,031,078,965 Items not recognised in the income statement (420,641,589) (420,641,589) Items recognised in the income statement 21,745,732 21,745,732 Net Profit for the period (1,620,102,686) (1,620,102,686) Dividend paid - - Issued share capital - common stock - - - Balance at December 31,1999 5,220,409,400 2,007,950,671 4,261,568,827 (9,060,721) (3,468,787,755) 8,012,080,422 THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED STATEMENTS OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 1999 AND 1998 1999 1998 Baht Baht Cash Flows from Operating Activities : Net Profit (Loss) (1,620,102,686) 38,906,237 Adjustment to reconcile net profit(loss) to net cash provided by operating activities : Depreciation 927,709,086 737,546,891 Bad debts and doubtful debts 48,160,295 12,149,231 Amortization 163,760,005 116,559,164 Unrealized losses(gains) from foreign exchange fluctuations 158,948,562 (863,435,692) Income tax 1,523,463,262 24,929,866 Losses (gain) from fixed assets disposal (832,819) 2,636,123 Pension fund 2,987,562 1,369,374 Deferred revenue (12,683,241) (6,888,588) Income from related company (28,802,082) - Earnings from associated companies(3,289,784) (5,737,855) Trade accounts and notes receivable,( increase ) decrease (1,134,173,480) 867,040,277 Inventories ,(increase) decrease (2,719,506,109) 1,745,642,991 Other current assets,(increase) decrease (236,571,446) 83,528,565 Trade accounts payable, increase ( decrease ) 1,805,792,224 (5,526,152,877) Other current liabilities, increase ( decrease ) (124,517,387) 446,663,105 Other liabilities, increase ( decrease ) 6,181,413 1,811,450 Net Cash Used in Operating Activities (1,243,476,625) (2,323,431,738) Cash Flows from Investing Activities : Short-term investments, increase (7,213,717) (58,879,900) Long-term investments,decrease 8,397,060 - Purchase of Property, plant and equipment, ( increase ) (438,345,650) (1,596,968,210) Other assets,increase (198,354,161) (83,819,583) Net Cash Used in Investing Activities (635,516,468) (1,739,667,693) Cash Flows from Financing Activities : Bank overdrafts and loans from financial institution, increase (decrease) 1,549,971,058 1,657,872,826 Long-term loan, increase (decrease) 247,026,356 996,905,754 Net Cash Provided by Financing Activities 1,796,997,414 2,654,778,580 Increase ( Decrease ) in Cash and Cash Equivalents (81,995,679) (1,408,320,851) Cash and Cash Equivalents as of 31 January 772,091,342 2,180,412,193 Cash and Cash Equivalents as of 31 December 690,095,663 772,091,342 Supplemental Cash Flow Information : Cash paid(refund) during the year for : Interest expenses 1,217,112,041 856,302,462 Income tax 104,818,033 (34,785,120)