ข่าวแจ้งตลาดหลักทรัพย์

Foreign loans Foreign loans were USD 38.22 million. 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 7.50 to 8.25 % 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 and trustee 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 Share capital The Company issued the registered share capital and paid up 522.04 million share, par value of Baht 10, totaling Baht 5,220.40 million. On May 9, 2000, the Company has increased it register capital in amount of 2,500 million by issueing 250 million common shares with par value at Baht 10,to the public so as depart from being a State Enterprise. As of September 30,2000, the Company's registered common share capital is 772.04 million shares with par value of Baht 10, totaling Baht 7,720.40 million. Of this amount, 522.04 million shares with par value of Baht 10, totaling Baht 5,220.40 million, has been paid up. 3.12 Risk Management 3.12.1 Foreign Currency Risk Management To minimize foreign exchange risk exposure, the Company has a forward foreign exchange contract outstanding of USD 26.19 million as of September 30,2000.The premium or discount related with this will be amortized over the period of the contract. 3.12.2 Oil Price Risk Management As of September 30, 2000, the Company has an agreement guaranteeing the sale price of oil product of 1.63 million barrels, so as to reduce the risk of changes in the oil price. 3.13 Reclassification of Account The classification of items in balance sheet as of December 31,1999 and financial statement for the nine months ended September 30,1999 were reclassified to conform with those in 2000, which do not affect net profit or shareholders equity previously reported. 3.14 Cash and cash equivalence Cash and cash equivalence in statements of cash flow as of September 30,2000 and as of December 31,1999 is comprised of : Million Baht 2000 1999 Cash on hand and at banks 188.20 366.27 Short-term investments 182.77 178.17 Total 370.97 544.44 3.15 Contingent Liabilities The Companys contingent liabilities consisted of : 3.15.1 Obligations Bank guarantees issued by the banks on behalf of the Company as of September 30,2000 were of Baht 140.66 million, which mainly consist of guarantees for payment of import tax on crude oil to the Customs Department,the payment of ship rental, and the payment of electricity and telephone charges. 3.15.2 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.