THAI PETROCHEMICAL INDUSTRY PUBLIC COMPANY LIMITED AND SUBSIDIARIES
BALANCE SHEETS AS AT MARCH 31, 2001 AND DECEMBER 31, 2000
(Amounts : Thousand Baht)
Consolidated Balance SheetsCompany's Separate Balance Sheets
2001 2000 2001 2000
(Restated) (Restated)
ASSETS (Unaudited) (Audited) (Unaudited) (Audited)
CURRENT ASSETS
Cash on hand and at banks (Note 2.2) 2,096,553 926,266 1,616,095 530,187
Short-term investments - Fixed deposit
(Note 2.2) 200,445 199,759 80,824 80,602
Accounts receivable and notes receivable
Notes receivable - other 1,057,380 1,449,753 1,040,557 1,436,292
Accounts receivable (Note 2.3)
- Related parties (Note 2.1) 1,610,736 1,928,484 3,834,597 4,213,589
- Others 1,719,087 1,724,561 1,323,618 1,233,243
Total Accounts Receiva 3,329,823 3,653,045 5,158,215 5,446,832
Total Accounts Receivable and
Notes Receivable 4,387,203 5,102,798 6,198,772 6,883,124
Less Allowance for doubtful accounts
(Note 2.3) (277,293) (328,653) (154,090) (203,374)
Accounts Receivable and
Notes receivable - 4,109,910 4,774,145 6,044,682 6,679,750
Short-term loans and advance to
related parties (Note 2.1) 1,444,935 1,430,773 6,203,305 5,936,715
Inventories 12,871,817 13,459,427 11,524,619 12,131,344
Other current assets
Other receivables 1,738,072 1,617,272 1,625,083 1,507,081
Prepaid excise duty 135,245 209,811 135,245 209,810
Others 358,778 351,717 302,176 291,615
Total Other Current Assets 2,232,095 2,178,800 2,062,504 2,008,506
Total Current Assets 22,955,755 22,969,170 27,532,029 27,367,104
THAI PETROCHEMICAL INDUSTRY PUBLIC COMPANY LIMITED AND SUBSIDIARIES
BALANCE SHEETS AS AT MARCH 31, 2001 AND DECEMBER 31, 2000
(Amounts : Thousand Baht)
Consolidated Balance SheetsCompany's Separate Balance Sheets
2001 2000 2001 2000
(Restated) (Restated)
(Unaudited) (Audited) (Unaudited) (Audited)
INVESTMENTS
- Related parties (Notes 2.1 & 2.4) 2,067,917 2,860,191 2,710,465 4,501,362
- Others 757,098 772,514 717,894 734,894
Total Investments 2,825,015 3,632,705 3,428,359 5,236,256
OTHER LOANS 31,115 31,153 10,731 10,731
PROPERTY, PLANT AND
EQUIPMENT - NET (Notes 1.6, 2.5 & 2.12) 106,261,059 108,382,437 92,023,534 92,669,425
OTHER ASSETS
Notes receivable on land - net (Note 2.1) - - - -
Deferred charges 75,118 79,092 75,118 79,092
Dredging expenses 2,236,864 2,222,138 2,236,864 2,222,138
Rental deposits for office buildings
(Notes 2.6 & 2.15) 27,872 28,984 20,598 21,644
Others 348,174 360,556 305,063 319,622
Total Other Assets 2,688,028 2,690,770 2,637,643 2,642,496
Total Assets 134,760,972 137,706,235 125,632,296 127,926,012
THAI PETROCHEMICAL INDUSTRY PUBLIC COMPANY LIMITED AND SUBSIDIARIES
BALANCE SHEETS AS AT MARCH 31, 2001 AND DECEMBER 31, 2000
(Amounts : Thousand Baht)
Consolidated Balance SheetsCompany's Separate Balance Sheets
2001 2000 2001 2000
LIABILITIES AND DEFICIT IN (Restated) (Restated)
SHAREHOLDERS' EQUITY (Unaudited) (Audited) (Unaudited) (Audited)
CURRENT LIABILITIES
Bank overdrafts and loans from
financial institutions (Note 2.7) 75,869,195 76,835,656 67,639,941 68,685,633
Accounts payable - Related parties (Note 897,955 898,019 2,717,239 2,295,857
- Others 4,040,335 2,448,125 3,914,388 2,054,556
Total Accounts Payable 4,938,290 3,346,144 6,631,627 4,350,413
Long-term debts under debt restructuring 48,732,932 47,513,544 41,187,409 40,101,985
Short-term loans and advance from
related parties (Note 2.1) 193,052 160,843 2,776,939 2,704,013
Other current liabilities
Other payables 880,836 985,555 797,098 902,165
Accrued interest expenses 32,228,314 30,341,546 28,161,246 26,678,848
Accrued bank charges 1,232,203 1,229,599 1,232,203 1,229,599
Others 529,546 853,568 370,734 697,680
Total Other Current Liabilities 34,870,899 33,410,268 30,561,281 29,508,292
Total Current Liabilities 164,604,368 161,266,455 148,797,197 145,350,336
LONG-TERM DEBTS (Note 2.8) - - - -
OTHER LIABILITIES
Loss on investment in subsidiaries exceeding
carrying amount (Note 2.4) - - 7,392,334 6,820,290
Total Liabilities 164,604,368 161,266,455 156,189,531 152,170,626
THAI PETROCHEMICAL INDUSTRY PUBLIC COMPANY LIMITED AND SUBSIDIARIES
BALANCE SHEETS AS AT MARCH 31, 2001 AND DECEMBER 31, 2000
(Amounts : Thousand Baht)
Consolidated Balance SheetsCompany's Separate Balance Sheets
2001 2000 2001 2000
LIABILITIES AND DEFICIT IN (Restated) (Restated)
SHAREHOLDERS' EQUITY (Unaudited) (Audited) (Unaudited) (Audited)
DEFICIT IN SHAREHOLDERS' EQUITY
Share capital (Notes 2.10 & 2.19)
Authorized 8,100,000,000 shares in 2001 and
2,170,000,000 shares in 2000, Baht 10 81,000,000 21,700,000 81,000,000 21,700,000
Issued and fully paid 1,950,000,000 ordin 19,500,000 19,500,000 19,500,000 19,500,000
Paid-in capital
Premium on share capital 7,208,723 7,208,723 7,208,723 7,208,723
Premium on share from the sale of shares of an
associated company to the public exceeding
par value 2,250,839 2,250,839 2,250,839 2,250,839
Surplus on change in percentage of holding
in associated company (Note 2.11) 328,050 328,050 328,050 328,050
Surplus from sales of land to
related parties (Note 2.9) 28,031 28,031 9,425,172 9,425,172
Revaluation Surplus (Notes 1.6 & 2.12) 42,482,615 42,917,923 42,482,615 42,917,923
Retained earnings appropriated to legal r 1,960,000 1,960,000 1,960,000 1,960,000
Deficit (102,216,443) (96,391,387) (112,360,142) (106,526,489)
Unrealized loss on available-for-sales se (1,352,492) (1,308,832) (1,352,492) (1,308,832)
Own shares held by the subsidiaries
(Notes 1.3 & 2.13) (32,763) (53,611) - -
(29,843,440) (23,560,264) (30,557,235) (24,244,614)
Minority Interests 44 44 - -
Total Deficit in Shareholders' Equ (29,843,396) (23,560,220) (30,557,235) (24,244,614)
Total Liabilities Net of Deficit
in Shareholders' Equity 134,760,972 137,706,235 125,632,296 127,926,012
THAI PETROCHEMICAL INDUSTRY PUBLIC COMPANY LIMITED AND SUBSIDIARIES
STATEMENTS OF INCOME
FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2001 AND 2000
(UNAUDITED)
(Amounts : Thousand Baht Except Consolidated Company's Separate
Basic Loss per Share) Statements of Income Statements of Income
2001 2000 2001 2000
(Restated) (Restated)
REVENUE (Note 2.1)
Sales 19,189,443 18,140,712 20,275,971 19,581,311
Other income
Interest income 158,382 174,940 228,440 247,283
Others 31,615 51,146 23,902 42,177
Total Other income 189,997 226,086 252,342 289,460
Total Revenue 19,379,440 18,366,798 20,528,313 19,870,771
EXPENSES (Note 2.1)
Cost of sales 16,436,697 14,839,232 17,963,485 16,281,549
Selling and administrative expenses 1,879,162 1,704,454 1,835,885 1,599,054
Doubtful accounts 95,350 (57,815) 97,427 (7,079)
Rehabilitation expenses 366,475 - 358,529 -
Foreign exchange losses 1,811,883 87,596 1,583,292 76,067
Loss from revaluation and impairment
of assets (Notes 1.6 & 2.12) 1,923,271 - 687,409 -
Equity in loss of subsidiaries (Note 2.4) - - 1,432,539 391,882
Equity in loss of associated companies (N 32,436 296,806 33,977 296,806
Interest expense and interest expenses on 2,914,174 2,929,790 2,624,375 2,665,757
Directors' remuneration 1,623 - 1,623
Total Expenses 25,459,448 19,801,686 26,616,918 21,305,659
Loss before extraordinary items (6,080,008) (1,434,888) (6,088,605) (1,434,888)
Extraordinary items
- Gains on repurchase of debenture or debt
instrument or bill of exchange ( 240,065 -
Net Loss (6,080,008) (1,194,823) (6,088,605) (1,434,888)
THAI PETROCHEMICAL INDUSTRY PUBLIC COMPANY LIMITED AND SUBSIDIARIES
STATEMENTS OF INCOME
FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2001 AND 2000
(UNAUDITED)
(Amounts : Thousand Baht Except Consolidated Company's Separate
Basic Loss per Share) Statements of Income Statements of Income
2001 2000 2001 2000
(Restated) (Restated)
Basic loss per share (Baht) (Note 1.6)
Loss before extraordinary items (3.12) (0.73) (3.12) (0.73)
Extraordinary items 0.12 -
Net Loss (3.12) (0.61) (3.12) (0.73)
Diluted loss per share (Baht) (Note 1.6)
Loss before extraordinary items (3.12) (0.73) (3.12) (0.73)
Extraordinary items 0.12 -
Net Loss (3.12) (0.61) (3.12) (0.73)
THAI PETROCHEMICAL INDUSTRY PUBLIC COMPANY LIMITED AND SUBSIDIARIES
STATEMENTS OF CHANGES IN (DEFICIT IN) SHAREHOLDERS' EQUITY
FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2001 AND 2000
(UNAUDITED)
(Amounts : Thousand Baht)
Changes in (Deficit in) Changes in (Deficit in)
Shareholders' equity Shareholders' equity
2001 2000 2001 2000
(Restated) (Restated)
Share capital (Notes 2.10 & 2.19)
Ordinary share capital
Beginning balance 19,500,000 19,500,000 19,500,000 19,500,000
Increase during period -
Decrease during period -
Ending balance 19,500,000 19,500,000 19,500,000 19,500,000
Paid-in capital
Premium on share capital
Beginning balance 7,208,723 7,208,723 7,208,723 7,208,723
Increase during period -
Decrease during period -
Ending balance 7,208,723 7,208,723 7,208,723 7,208,723
Premium on share from the sale of shares of an
associated company to the public in exceeding
par value
Beginning balance 2,250,839 2,250,839 2,250,839 2,250,839
Increase during period -
Decrease during period -
Ending balance 2,250,839 2,250,839 2,250,839 2,250,839
Surplus on change in percentage of holding
in associated company (Note 2.11)
Beginning balance 328,050 328,050 -
Increase during period 328,050 328,050
Decrease during period -
Ending balance 328,050 328,050 328,050 328,050
Surplus from sales of land to
related parites (Note 2.9)
Beginning balance 28,031 9,425,172 -
Increase during period -
Decrease during period -
Ending balance 28,031 9,425,172 -
