ข่าวแจ้งตลาดหลักทรัพย์

UNREVIEWED THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED BALANCE SHEETS MAR 31,2000 DEC 31,1999 Baht Baht ASSETS Current Assets Cash on hand and at banks 1,041,710,534 690,095,663 Short -term investments 181,713,112 180,599,916 Trade accounts and notes receivable - Net 2,704,022,008 2,728,398,985 Inventories 4,763,147,763 4,985,356,039 Other current assets Materials and supplies 437,423,582 437,048,830 Others 609,912,424 654,023,094 Total Current Assets 9,737,929,423 9,675,522,527 Long Term Investments 30,000,000 30,000,000 Investments in Associated Companies 42,319,605 42,090,551 Tariff Prepayment 196,692,459 197,047,846 Property,Plant and Equipment-Net 16,502,070,929 16,759,019,546 Intangible Assets 1,253,302,646 1,271,290,328 Other Assets Long term investment - service station 675,851,249 669,209,444 Others 281,009,860 371,462,530 TOTAL ASSETS 28,719,176,171 29,015,642,772 (Signed) Somchai Richupan (Signed) Sirichai Sakornratanakul (Somchai Richupan (Sirichai Sakornratanakul) Chairman President LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Bank overdrafts and loans from financial institutions 5,839,421,084 7,839,118,511 Trade accounts payable 2,193,655,652 4,589,294,615 Current portion of long-term loan 2,463,885,987 2,467,348,427 Short-term loan from related parties - - Other current liabilities Accrued excise tax and oil stabilization fund 217,105,900 358,484,053 Accrued expenses 509,207,781 439,120,860 Others 498,743,923 616,697,248 Total Current Liabilities 11,722,020,327 16,310,063,714 Long Term Loans 8,919,894,900 4,551,631,721 Other Liabilities Long term liabiltiies for service station lease rights 201,476,125 216,433,358 Others 98,905,904 98,925,128 Total Liabilities 20,942,297,256 21,177,053,921 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 4,167,700,534 4,261,568,827 Retained earnings Appropriated Legal reserve 547,594,555 547,594,555 Unappropriated (4,166,776,245) (4,198,934,602) Deferred losses from foreign exchange fluctuations prior to year 1996 Total Shareholders' Equity 7,776,878,915 7,838,588,851 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 28,719,176,171 29,015,642,772 THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED STATEMENTS OF INCOME FOR THE FIRST QUARTER ENDED MARCH 31, 2000 AND 1999 2000 1999 Baht Baht Revenues Sales 11,980,647,612 7,719,747,662 Other income Interest income 8,151,684 40,328,746 Earnings from associated companies 229,053 1,638,241 Others 8,302,902 29,533,767 Total Revenues 11,997,331,251 7,791,248,415 Expenses Cost of sales 11,336,136,590 7,358,429,201 Administrative and selling expenses 239,356,396 241,961,750 Interest Expenses 298,608,486 278,530,508 Directors' remuneration 114,000 133,200 Other Expense Depreciation 69,688,535 85,773,240 Loss from foreign exchange fluctuations 21,268,887 96,491,987 Total Expenses 11,965,172,894 8,061,319,886 Profit (Loss) before Income Tax32,158,357 (270,071,471) Income Tax - - Net Profit (Loss) 32,158,357 (270,071,471) Earnings Per Share 0.06 (0.52) UNREVIEWED THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY AS OF MARCH 31,2000 Unit : Baht Share capital Premium on Surplus on Retained earning Total share capital fixed assets ( Accumulated Deficit) revaluation Balance at December 31,1998 5,220,409,400 2,007,950,671 4,682,210,416 (1,917,272,437) 9,993,298,050 Items not recognised in the income statement (420,641,589) (420,641,589) Net Profit (loss) for the period (1,734,067,610)(1,734,067,610) Dividend paid - - Issued share capital - common stock - - Balance at December 31,1999 5,220,409,400 2,007,950,671 4,261,568,827 (3,651,340,047) 7,838,588,851 Items not recognised in the income statement (93,868,293) (93,868,293) Net Profit (loss) for the period 32,158,357 32,158,357 Dividend paid - - Issued share capital - common stock - - Balance at March 31,2000 5,220,409,400 2,007,950,671 4,167,700,534 (3,619,181,690) 7,776,878,915 THE BANGCHAK PETROLEUM PUBLIC COMPANY LIMITED STATEMENTS OF CASH FLOWS FOR THE FIRST QUARTER ENDED MARCH 31, 2000 AND 1999 2000 1999 Baht Baht Cash Flows from Operating Activities : Net Profit (Loss) 32,158,357 (270,071,471) Adjustment to reconcile net profit(loss) to net cash provided by operating activities : Depreciation 234,524,892 220,294,868 Bad debts and doubtful debts 61,339 785,222 Amortization 37,208,645 84,691,251 Unrealized loss from foreign exchange fluctuations 24,106,681 78,077,733 Loss from fixed assets disposal 784,953 132,314 Pension fund 11,748,418 690,549 Deferred revenue (3,302,618) (3,595,774) Income from related company - (28,802,082) Earnings from associated companies (229,053) (1,638,241) Trade accounts and notes receivable,( increase ) decrease 24,315,638 (358,940,890) Inventories ,decrease 222,208,276 191,786,361 Other current assets,decrease 41,491,933 49,427,961 Trade accounts payable, increase ( decrease ) (2,392,791,881) 148,565,492 Other current liabilities, decrease (195,974,080) (219,091,144) Net Cash Used in Operating Activities (1,963,688,500) (107,687,851) Cash Flows from Investing Activities : Long term investments 355,389 6,633,900 Purchase of Property, plant and equipment (71,906,007) (127,249,592) Intangible Assets (4,362,637) (74,311,772) Other assets 64,917,249 (31,884,772) Net Cash Used in Investing Activities (10,996,006) (154,912,980) Cash Flows from Financing Activities : Bank overdrafts and loans from financial institutions (2,032,587,427) (574,023,677) Long term loans 4,360,000,000 762,679,064 Net Cash Provided by Financing Activities 2,327,412,573 188,655,387 Increase ( Decrease ) in Cash and Cash Equivalents 352,728,067 (73,945,444) Cash and Cash Equivalents as of 1 January 870,695,579 772,091,342 Cash and Cash Equivalents as of 31 March 1,223,423,646 698,145,898 Supplemental Cash Flow Information : Cash paid(refund) during quarter for : Interest expenses 278,042,991 189,741,638 Income tax 29,764,636 18,018,793