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)
Revaluation surplus (Note 1.6)
Beginning balance 42,917,923 64,397,388 42,917,923 64,397,388
Increase during period - - - -
Decrease during period (435,308) (611,373) (435,308) (611,373)
Ending balance 42,482,615 63,786,015 42,482,615 63,786,015
Retained earnings appropiated to legal reserve
Beginning balance 1,960,000 1,960,000 1,960,000 1,960,000
Increase during period - - - -
Decrease during period - - - -
Ending balance 1,960,000 1,960,000 1,960,000 1,960,000
Deficit
Beginning balance as previously report (96,391,387) (60,382,712) (106,526,489) (60,382,712)
Adjustment to unrealized gains on debenture
repurchase of the Company and subsidiaries
in previous year (Notes 1.3 & 2.1 - 1,437,282 - -
Beginning balance as restated (96,391,387) (58,945,430) (106,526,489) (60,382,712)
Increase during period
- net loss (6,080,008) (1,194,823) (6,088,605) (1,434,888)
- cumulative effect of change in accounting
policy (depreciation) (Note 254,952 457,559 254,952 457,559
Decrease during period - - - -
Ending balance (102,216,443) (59,682,694) (112,360,142) (61,360,041)
Unrealized loss on available for -
sales-securities
Beginning balance (1,308,832) (430,246) (1,308,832) (430,246)
Increase during period (43,660) (513,255) (43,660) (513,255)
Decrease during period - - - -
Ending balance (1,352,492) (943,501) (1,352,492) (943,501)
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)
Own shares held by the subsidiaries
Beginning balance (53,611) -
Increase during period -
Decrease during period 20,848 -
Ending balance (32,763) -
(29,843,440) 34,407,432 (30,557,235) 32,730,085
Minority interest
Beginning balance 44 44 -
Increase during period -
Decrease during period -
Ending balance 44 44 -
Total (Deficit in) Shareholders' E (29,843,396) 34,407,476 (30,557,235) 32,730,085
THAI PETROCHEMICAL INDUSTRY PUBLIC COMPANY LIMITED AND SUBSIDIARIES
STATEMENTS OF DEFICIT
FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2001 AND 2000
(UNAUDITED)
(Amounts : Thousand Baht)
Statements of Deficit Statements of Deficit
2001 2000 2001 2000
(Restated) (Restated)
Deficit
Beginning balance as previously reported (96,391,387) (60,382,712) (106,526,489) (60,382,712)
Adjustment to previous gains on debenture
repurchase of the Company and subsidiaries
(Notes 1.3 & 2.14) - 1,437,282 - -
Beginning balance as restated (96,391,387) (58,945,430) (106,526,489) (60,382,712)
Net loss (6,080,008) (1,194,823) (6,088,605) (1,434,888)
Cumulative effect of change in accounting policy
(depreciation) (Note 1.6) 254,952 457,559 254,952 457,559
Ending balance (102,216,443) (59,682,694) (112,360,142) (61,360,041)
Retained earnings appropriated to legal rese 1,960,000 1,960,000 1,960,000 1,960,000
Total Deficit (100,256,443) (57,722,694) (110,400,142) (59,400,041)
THAI PETROCHEMICAL INDUSTRY PUBLIC COMPANY LIMITED AND SUBSIDIARIES
STATEMENTS OF CASH FLOWS
FOR THE THREE-MONTH PERIODS ENDED MARCH 31, 2001 AND 2000
(UNAUDITED)
(Amounts : Thousand Baht)
Consolidated Company's Separate
Statements of Cash Flows Statements of Cash Flows
2001 2000 2001 2000
(Restated) (Restated)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss (6,080,008) (1,194,823) (6,088,605) (1,434,888)
Adjustments to reconcile net loss to net cash
provided by (used in)
operating activities:
Depreciation and amortization 961,673 1,177,382 824,171 1,001,348
Amortization 34,702 31,124 34,676 30,986
Doubtful accounts and bad debt 95,350 (57,815) 97,427 (7,079)
Unrealized loss on exchange rate 1,909,110 140,087 1,678,990 111,540
Realized gain on exchange rate (2,454) (2,454)
(Gain) loss on sales of equipment 6 (3) 6 -
Gains on repurchase of debenture, debt
instrument and bill of exchang (240,065) -
Loss from revaluation and impairme 1,923,271 687,409 -
Equity in loss of subsidiaries 1,432,539 391,882
Equity in loss of associated compa 32,436 296,806 33,977 296,806
Adjustment to previous gains on debenture
repurchase of the Company and s - (1,437,282) - -
Changing in operating assets and liabilities
(Increase) Decrease in accounts receivable and
notes receivable 728,983 (1,245,472) 696,051 (3,550,437)
Decrease in inventories 587,610 1,877,745 606,725 1,929,440
(Increase) Decrease in other receivables (120,800) 32,791 (118,002) 45,045
(Increase) Decrease in prepaid excise dut 74,565 (46,640) 74,565 (46,640)
Increase in other current assets (7,061) (101,855) (10,561) (75,876)
Increase (Decrease) in accounts payable 1,509,203 (655,603) 2,199,663 479,822
Increase (Decrease) in other payables (104,719) 33,839 (105,067) 59,556
Increase in accrued interest expense 1,886,768 2,463,720 1,482,398 2,204,132
Increase in accrued bank charge 2,604 104,145 2,604 104,145
Increase (Decrease) in other current liab (324,022) 71,626 (326,946) (822)
Net Cash Provided by Operating Activit 3,109,671 1,247,253 3,202,020 1,536,506
THAI PETROCHEMICAL INDUSTRY PUBLIC COMPANY LIMITED AND SUBSIDIARIES
STATEMENTS OF CASH FLOWS
FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2001 AND 2000
(UNAUDITED)
(Amounts : Thousand Baht)
Consolidated Company's Separate
Statements of Cash Flows Statements of Cash Flows
2001 2000 2001 2000
(Restated) (Restated)
CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) Decrease in short-term investm 31,508 (101,352) (103) (47,265)
Increase in short-term loans
and advance to related parties (160,845) (173,224) (381,144) (52,346)
(Increase) Decrease in investment and loa 454 (53,830) 43,800
Proceeds from sale of investments in subs 2,000 2,000 -
Increase in property, plant and equipment (280,160) (1,180,127) (185,840) (878,410)
Proceeds from sale of equipment 6 21 6 2
(Increase) Decrease in other assets (31,959) (21,392) (29,823) 66,688
Net Cash Used in Investing Activit (438,996) (1,529,904) (594,904) (867,531)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase (Decrease) in bank overdraft
and loans from financial institutions (1,582,588) 343,194 (1,578,127) (1,605,065)
Increase (Decrease) in short-term loans
and advance from related parties 32,209 (46,979) 52,502 290,755
Repayment of long-term debts 82,185 (473,516) 4,536 -
Net Cash Used in Financing Activit (1,468,194) (177,301) (1,521,089) (1,314,310)
NET INCREASE (DECREASE) IN
CASH AND CASH EQUIVALENTS 1,202,481 (459,952) 1,086,027 (645,335)
CASH AND CASH EQUIVALENTS
AT BEGINNING OF PERIOD (Note 2.2) 926,266 1,250,393 530,187 954,223
CASH AT BANK AND SHORT-TERM INVESTMENTS
PLEDGED AS COLLATERALS AT
BEGINNING OF PERIOD (Note 2.2) 134,484 - 56,937 -
CASH AT BANK AND SHORT-TERM INVESTMENTS
PLEDGED AS COLLATERALS AT
END OF PERIOD (Note 2.2) (166,678) 199,759 (57,056) 80,602
CASH AND CASH EQUIVALENT
AT END OF PERIOD (Note 2.2) 2,096,553 990,200 1,616,095 389,490
SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION :-
Cash paid during the period for:
Interest expense 1,321,843 465,737 1,094,612 2,454,213
Income tax 5,137 5,960 3,977 4,818
