SET Announcements

- Siam Wire Industry Company Limited 10,589 8,644 9,169 8,644 Close to market price - Sermmit Executive Company Limited 1,029 8,014 1,029 7,984 Close to market price - BC Post - Tensioning Company Limited - 14,618 - 4,836 Close to market price - Silasaicrete Limited Partnership 2,413 3,485 1,678 3,485 Close to market price - Expert Transport Company Limited 5,414 11,412 4,066 - Close to market price - Other related companies and related parties 6,433 24,041 2,988 2,043 Close to market price 25,878 70,214 18,930 26,992 Joint ventures - Joint Venture CH. Karnchang Public Company Limited, Bilfinger + Berger Bauaktiengesellschaft, Tokyu Construction Co., Ltd. and CH. Karnchang - Tokyu Construction Co., Ltd. 50,340 3,510 125,653 8,498 Close to market price - Joint Venture BBCD (Bilfinger + Berger Bauaktiengesellschaft, CH. Karnchang Public Company Limited and Dyckerhoff & Widmann AG) 249,035 252,931 382,885 384,702 Close to market price - Joint Venture BCKT (Bilfinger + Berger Bauaktiengesellschaft, CH. Karnchang Public Company Limited, Kumagai Gumi Co., Ltd. and Tokyu Construction Co., Ltd.) 33,385 30,856 43,959 33,314 Close to market price - The TWCK (Thames Water International (Thailand) Ltd. and CH. Karnchang Public Company Limited) Joint Venture - 13,952 - 27,904 Close to market price - Joint Venture CKSL (CH. Karnchang Public Company Limited and SNC - Lavalin Inc.) 6 - 3,349 - Close to market price - Joint Venture CKAE Consortium - - 8,476 - Close to market price - Other joint ventures 493 336 808 50 Close to market price 333,259 301,585 565,130 454,468 (UNAUDITED BUT REVIEWED) (Unit : Thousand Baht) Consolidated The Company Only Pricing policy 30 September 31 December 30 September 31 December 2000 1999 2000 1999 Other participants in joint ventures - Kumagai Gumi Co., Ltd. 20,118 20,068 - - Close to market price - Other participants in joint ventures 76 44 - - Close to market price 20,194 20,112 - - Total receivables from sales of construction materials and others 379,331 391,911 620,868 513,736 Less : Provision for doubtful debts (250,056) (250,919) (384,701) (384,701) Net receivables from sales of construction materials and others 129,275 140,992 236,167 129,035 Advance payments Joint Ventures - Joint Venture CKSL (CH. Karnchang Public Company Limited and SNC - Lavalin Inc.) - 2,643 - 5,285 - Total advance payments - 2,643 - 5,285 Loans and interest receivables Subsidiary - Bangkok Metro Company Limited - - - 139,833 Market interest rate - - - 139,833 Related companies - BC Post - Tensioning Company Limited - 10 - - Market interest rate - Expert Transport Company Limited - 2,058 - - Market interest rate - 2,068 - - Joint Ventures - Joint Venture Phuket Consortium consists of CH. Karnchang Public Company Limited Thames Water International (Thailand) Limited Index International Group Co., Ltd. and Trio Consultant Co., Ltd. 654 603 9,346 8,615 Market interest rate - Joint Venture BCKT (Bilfinger + Berger Bauaktiengesellschaft, CH. Karnchang Public Company Limited, Kumagai Gumi Co., Ltd. and Tokyu Construction Co., Ltd.) 47,745 40,873 59,621 54,497 Market interest rate - Joint Venture CKSL (CH. Karnchang Public Company Limited and SNC - Lavalin Inc.) 421 - 15,883 - Market interest rate 48,820 41,476 84,850 63,112 (UNAUDITED BUT REVIEWED) (Unit : Thousand Baht) Consolidated The Company Only Pricing policy 30 September 31 December 30 September 31 December 2000 1999 2000 1999 Associated company - Pathum Thani Water Company Limited 434,384 412,119 430,385 407,655 Market interest rate 434,384 412,119 430,385 407,655 Total loans and interest receivables 483,204 455,663 515,235 610,600 Dividend receivable Subsidiary - CH. Karnchang - Tokyu Construction Co., Ltd. - - 8,250 - Total dividend receivable - - 8,250 - 612,479 599,298 759,652 744,920 As at 30 September 2000, the Company had interest receivable from loans to subsidiary, associated and related companies and joint ventures totaling Baht 70.9 million (31 December 1999 : Baht 52.5 million). Loans : a) Bangkok Metro Company Limited The Company had a loan to Bangkok Metro Company Limited resulting from the Company's payment of a project advance made to the employer of that company's project. The outstanding balance as at 31 December 1999 totals Baht 129.5 million, with interest receivable of Baht 10.3 million. The loan was provided to pay for a project. Subsequently to August, 2000, Bangkok Metro Company Limited had repaid all indebtedness to the Company. (UNAUDITED BUT REVIEWED) b) Joint Venture BCKT (Bilfinger and Berger Bauaktiengesellschaft, CH. Karnchang Public Company Limited, Kumagai Gumi Co., Ltd. and Tokyu Construction Co., Ltd.) The balance of the Company's loan to the joint venture was approximately Baht 45.5 million as at 30 September 2000 and 31 December 1999. In addition, the joint venture had foreign currency loans from other participants of approximately Yen 1,319 million and Deutschmark 8.88 million, on which interest is charged at 2 and 6 percent per annum, respectively. All loans were scheduled for repayment in early 2000 but when repayment came due, the joint venture requested to reschedule it to May 2001. c) Pathum Thani Water Company Limited The Company's loan to Pathum Thani Water Company Limited was provided under the Sponsor Loan Agreement made with that company. The agreement does not stipulate a definite repayment schedule and the loan is not collateralised. In addition the Company's Board of Director's Meeting No. 11/1999, held on 7 December 1999 unanimously resolved to accept the transfer of loan and related accrued interest, totaling Baht 187.9 million, from a related company - CH. Karnchang Holding Company Limited. The amount is in proportion to the additional shareholding in Pathum Thani Water Company Limited which the Company purchased from that related company in 1999. d) Joint Venture BBCD (Bilfinger + Berger Bauaktiengesellschaft, CH. Karnchang Public Company Limited and Dyckerhoff & Widmann AG) As at 30 September 2000 and 31 December 1999, the joint venture had a foreign currency loan from another participant of Deutschmark 23 million for which the loan agreement scheduled full repayment in November 2000, and on which interest is charged at the inter bank rate plus a certain percentage. In 1999, the joint venture paid interest at rate of 4.4 percent per annum. (UNAUDITED BUT REVIEWED) 6. INVESTMENTS IN SUBSIDIARIES AND JOINT VENTURES (Unit : Thousand Baht) 30 September 2000 Percentage Paid up owned by Provision for loss Dividend or Company's name capital the Company Cost Equity on investments profit sharing percent Subsidiaries - Construction Material Supply Company Limited 15,000 99.99 15,000 - (3,788) - - CH. Karnchang Realestate Company Limited and Limited Partnership 160,000 99.00 158,400 249,157 - - - Bangkok Metro Company Limited 500,000 79.94 400,799 258,320 - - - CH. Karnchang - Tokyu Construction Company Limited and Joint Ventures 100,000 55.00 55,000 147,624 - 8,250 - Bangkok Concrete Industries Company Limited 170,000 49.99 74,732 55,990 - - Equity in Joint Ventures - Joint Venture CH. Karnchang Public Company Limited, Tokyu Construction Co., Ltd., C.H. Karnchang - Tokyu Construction Co., Ltd. Highway Project - 60.00 - 816 - - Expressway Project - 40.00 - 240 - - - Joint Venture CH. Karnchang Public Company Limited, Bilfinger + Berger Bauaktiengesellschaft, Tokyu Construction Co., Ltd., and CH. Karnchang - Tokyu Construction Co., Ltd. - Second Stage Expressway Project Sector B Route Phayathai - Bangkhlo - 53.20 - 55,949 - 15,300 - Second Stage Expressway Project Sector C + Route Chaeng Wattana - Bang Phun & Bang Sai - 59.99 - 46,805 - 194,935 - Second Stage Expressway Project Sector D Route Asoke - Srinakarin - 59.99 - 100,955 - 41,986 - Second Stage Expressway Project Sector C1A Route Ngam Wong Wan - Chaeng Wattana - 59.99 - 5,526 - 115,042 (UNAUDITED BUT REVIEWED) (Unit : Thousand Baht) 30 September 2000 Percentage Paid up owned by Provision for loss Dividend or Company's name capital the Company Cost Equity on investments profit sharing percent - The TWCK (Thames Water International (Thailand) Ltd. and CH. Karnchang Public Company Limited) Joint Venture - 50.00 - 23,509 - - - Joint Venture BCKT (Bilfinger + Berger Bauaktiengesellschaft, CH. Karnchang Public Company Limited, Kumagai Gumi Co., Ltd. and Tokyu Construction Co., Ltd.) - 25.00 - 147,288 - - - Joint Venture Phuket Consortium consists of CH. Karnchang Public Company Limited, Thames Water International (Thailand) Limited, Index International Group Co., Ltd. and Trio Consultant Co., Ltd. - 93.00 - - (3,872) - - Joint Venture BBCD (Bilfinger + Berger Bauaktiengesellschaft, CH. Karnchang Public Company Limited and Dyckerhoff & Widmann AG) - 35.00 - - (3,257,694) - - Joint Venture CKSL (CH. Karnchang Public Company Limited and SNC - Lavalin Inc.) - 99.90 - - (64,120) - - Joint Venture CKAE Consortium - 98.00 - - (7,813) - 703,931 1,092,179 (3,337,287) 375,513 (UNAUDITED BUT REVIEWED) (Unit : Thousand Baht) 31 December 1999 Percentage Paid up owned by Provision for loss Dividend or Company's name capital the Company Cost Equity on investments profit sharing percent Subsidiaries - Construction Material Supply Company Limited 15,000 99.99 15,000 17,446 - - - CH. Karnchang Realestate Company Limited and Limited Partnership 160,000 99.00 158,400 262,142 - - - Bangkok Metro Company Limited 1,000 79.94 799 - (25,678) - - CH. Karnchang - Tokyu Construction Company Limited and Joint Ventures 100,000 55.00 55,000 206,962 - 16,500 - Bangkok Concrete Industries Company Limited 170,000 49.99 74,732 72,369 - - Equity in Joint Ventures - Joint Venture CH. Karnchang Public Company Limited, Tokyu Construction Co., Ltd., CH. Karnchang - Tokyu Construction Co., Ltd. Highway Project - 60.00 - 864 - - Expressway Project - 40.00 - 240 - - - Joint Venture CH. Karnchang Public Company Limited, Bilfinger + Berger Bauaktiengesellschaft, Tokyu Construction Co., Ltd., and CH. Karnchang - Tokyu Construction Co., Ltd. - Second Stage Expressway Project Sector B Route Phayathai - Bangkhlo - 53.20 - 71,496 - - - Second Stage Expressway Project Sector C + Route Chaeng Wattana - Bang Phun & Bang Sai - 59.99 - 306,745 - 122,959 - Second Stage Expressway Project Sector D Route Asoke - Srinakarin - 59.99 - 18,076 - - - Second Stage Expressway Project Sector C1A Route Ngam Wong Wan - Chaeng Wattana - 59.99 - 110,064 - - - The TWCK (Thames Water International (Thailand) Ltd. and CH. Karnchang Public Company Limited) Joint Venture - 50.00 - 21,964 - 94,000 (UNAUDITED BUT REVIEWED) (Unit : Thousand Baht) 31 December 1999 Percentage Paid up owned by Provision for loss Dividend or Company's name capital the Company Cost Equity on investments profit sharing percent - Joint Venture BCKT (Bilfinger + Berger Bauaktiengesellschaft, CH. Karnchang Public Company Limited, Kumagai Gumi Co., Ltd. and Tokyu Construction Co., Ltd.) - 25.00 - 57,864 - - - Joint Venture Phuket Consortium consists of CH. Karnchang Public Company Limited, Thames Water International (Thailand) Limited, Index International Group Co., Ltd. and Trio Consultant Co., Ltd. - 93.00 - - (3,346) - - Joint Venture BBCD (Bilfinger + Berger Bauaktiengesellschaft, CH. Karnchang Public Company Limited and Dyckerhoff & Widmann AG) - 35.00 - - (3,025,181) - - Joint Venture CKSL (CH. Karnchang Public Company Limited and SNC - Lavalin Inc.) - 50.00 - - (2,635) - 303,931 1,146,232 (3,056,840) 233,459 7. INVESTMENT IN ASSOCIATED COMPANY (Unit : Thousand Baht) Investment Percentage Cost method Equity method Type of Paid up owned by 30 September 31 December 30 September 31 December Company's name relation capital the Company 2000 1999 2000 1999 percent Pathum Thani Water Company Investment 1,102,000 29.10 356,900 356,900 69,797 180,728 Limited 356,900 356,900 69,797 180,728 The Company has pledged share certificates for its holding in Pathum Thani Water Company Limited with a bank to secure a part of the long-term loans obtained from that bank by that company. (UNAUDITED BUT REVIEWED) 8. INVESTMENTS IN RELATED AND OTHER COMPANIES (Unit : Thousand Baht) Consolidated The Company Only Percentage of Investment Percentage of Investment investment 30 September 31 December investment 30 September 31 December Percent 2000 1999 Percent 2000 1999 Related company Bangkok Expressway Public Company Limited 14.25 2,196,132 2,133,070 13.00 2,055,693 1,992,631 Other companies Nava Finance and Securities Public Company Limited - 27,291 27,291 - 27,291 27,291 Bangkok Tokyu Department Store Co., Ltd. 19.00 2,280 2,280 - - - Kruasakul Co., Ltd. 10.14 43,750 43,750 10.14 43,750 43,750 The Bangkok Club Co., Ltd. 0.57 3,000 3,000 0.57 3,000 3,000 Chanthaburi Country Club Co., Ltd. 0.25 2,000 2,000 0.25 2,000 2,000 Other related joint ventures - 10,501 10,501 - 8,845 8,845 Total investments 2,284,954 2,221,892 2,140,579 2,077,517 Less : Provision for loss on diminution in value of investments (1,577,659) (239,089) (1,495,677) (273,630) Investments - net 707,295 1,982,803 644,902 1,803,887 The Company and its subsidiaries have pledged their investment in Bangkok Expressway Public Company Limited with banks as performance guarantees for Joint Venture CH. Karnchang Public Company Limited, Bilfinger + Berger Bauaktiengesellschaft, Tokyu Construction Co., Ltd. and CH. Karnchang - Tokyu Construction Co., Ltd., and to secure long - term loans from banks and the issuance of secured debentures. (UNAUDITED BUT REVIEWED) 9. ACCOUNTS PAYABLE AND LOANS FROM SUBSIDIARY AND RELATED COMPANIES AND JOINT VENTURES (Unit : Thousand Baht) Consolidated The Company Only Pricing policy 30 September 31 December 30 September 31 December 2000 1999 2000 1999 Trade accounts payable Subsidiaries - Construction Material Supply Company Limited - - 3,426 21,833 Close to market price - Bangkok Concrete Industries Company Limited - - 7,150 7,065 Close to market price - Other subsidiaries - - 977 128 Close to market price - - 11,553 29,026 Related companies - Mahasiri Company Limited 19,099 3,378 18,813 3,378 Close to market price - CK. Office Tower Company Limited 11,751 - 7,742 - Close to market price - Hicrete Products and Technology Company Limited 20,682 29,507 2,671 653 Close to market price - Hitech Equipment and Transport Company Limited 6,187 6,409 5,813 6,059 Close to market price (more)