ข่าวแจ้งตลาดหลักทรัพย์

3.10 Long - Term Loans ( Accounting Policy 2.11 ) Million Baht 2000 1999 Foreign loans International Bank for 1,282.78 1,398.98 Reconstruction and Development Domestic loans Government Saving Bank 3,500.00 4,250.00 Debentures 9,980.00 1,370.00 Total long term loans 14,762.78 7,018.98 Less Current portion of long-term loans 2,826.04 2,467.35 Balance 11,936.74 4,551.63 Foreign loans Foreign loans comprised of the USD 60 million loan of which USD 32.66 million have been withdrawn. The repayment period of this loan is 12 years with the first repayment on February 1,2001. The settlement of both the principal and interest will be semi-annually with interests rates ranging from 5.87 to 8.61 % per annum. Domestic Loans Domestic loans are loans from the Government Saving Bank , with repayment period of 3-5 years and with interest rates ranging from 7.75 to 8.50 % per annum. Debentures In this period, the company issued debentures as follow ; Unsecured ,unsubordinated registered debentures with the holders names totaling 5,010,000 units with face value of Baht 1,000 per unit, for a total of Baht 5,010 million.The interest rates vary from 7.75 to 8.75 % per annum. Maturity Date Interest Due No. 6/2543 Feb. 2 , 2003 Feb 2 and Aug 2 of each year No. 7/2543 Feb. 2 , 2005 Feb 2 and Aug 2 of each year No. 8/2543 Mar. 31, 2004 Mar 31 and Sep 30 of each year No. 9/2543 Mar. 31 ,2004 Mar 31 and Sep 30 of each year No. 10/2543 Mar. 31 ,2006 Mar 31 and Sep 30 of each year No. 13/2543 May. 3 ,2006 May 3 and Nov 3 of each year Guaranteed registered debentures with the holders names totaling 3,600,000 units with face value of Baht 1,000 per unit, for a total of Baht 3,600 million.The debenture guaranteed by the Ministry of Finance. Maturity Date Interest Due No. 15/2543 Jun. 14 , 2003 Jun 14 and Dec 14 of each year 3.11 Risk Management To minimize foreign exchange risk exposure, the Company has a forward foreign exchange contract outstanding of USD 12 million as of June 30,2000.The premium or discount related with this will be amortized over the period of the contract. 3.12 Reclassification of Account The classification of items in balance sheet as of December 31,1999 and financial statement for the six months ended June 30,1999 were reclassified to conform with those in 2000, which do not affect net profit or shareholders equity previously reported. 3.13 Cash and cash equivalence Cash and cash equivalence in statements of cash flow as of June 30,2000 and as of December 31,1999 is comprised of : Million Baht 2000 1999 Cash on hand and at banks 197.02 690.09 Short-term investments 182.43 180.60 Total 379.45 870.69 3.14 Contingent Liabilities As of June 30 ,2000 and December 31,1999, the Companys contingent liabilities consisted of : 3.14.1 Obligations Bank guarantees issued by the banks on behalf of the Company as of June 30,2000 and December 31,1999 were of Baht 142.37 and 139.01 million,respectively. 3.14.2 Allegation The Ministry of Finance(the first defendant) was alleged in a land right transgression case (The claim for damages,which was filed with the civil court, amounts to Baht 1,055 million). The land in question ,which is located at the pier of the Refinery,was leased from the Ministry of Finance. The Company,as the lessee of land owned by the Ministry of Finance,was alleged as the fifth defendant along with the Ministry of Finance. According to the Companys Legal Office opinion,regardless as to the outcome of the case, the Company would not be liable for any losses associated with the above mentioned claim as it is protected under a lease agreement. The case is being appealed with the civil court.