2004 19.91
2003 2005
2005 49.57
PLUS 2004
- 2005
0.00
OTHER OPER
2003
ROYALTY FEE
TAX EXPENSE
PLUS 2004
2003 2003
2005 2004
35.70 PLUS
2004 872.19
2005 49.84
2005 84.15
SHARE OF OF ASSOC
OTHER OPERATING EXPENSE PROFIT ATTRIBUTABLE
2003 2003
TO MINISTRIES PLUS
2004 2004
53.03 PLUS
2003 2005
2005 -48.30
2004 18.48
2005 176.04
INTEREST EXPENSE
2003 2004
-14.13 2005
23.66
.XYZ
004 , 2003
ROE
72.35 61.26
EQUITY TOTAL ASSETS
2003 2004
-11.11 2005
-16.97
TATO
2003 2004
18.92 2005
27.27
OTAL ASSETS SALES
2003 16.31
2004 38.01
14.04 2005
46.34
FIXED ASSETS
PLUS 2003
2004 8.65
2005 1.47
CURRENT ASSETS
PLUS 2003
2004 46.42
2005 50.70
SALES
Cash Equivalent
2003 38.01
2004 87,5
46.34 2005
51,64
Trade Acc.Receivable
2003 2004
90,19
OPERATING INCOME
2005 19,69
42.17
Inventories
15.42 2003
2004 10,02
2005 116,77
RE OF PROFIT ASSOCIATIES
-104.93 321.82
Lampiran.1 INCOME STATEMENT PT.XYZ
PT . XYZ
For the year ended 31 December 2005 , 2004 , 2003 Description
2005 2004
2003
THB Thousand THB Thousand
THB Thousand
Sales 25,208,684
12,226,625 12,482,256
Cost of sales 13,933,288
10,525,024 8,828,320
Gross profit 11,275,396
6,701,651 3,603,886
Selling and administrative expense 3,331,844
2,222,593 1,852,656
Royalty fee 2,546,258
1,699,642 1,252,465
Profit from sales 5,396,794
2,774,416 493,765
Other income Gain on disposal of investment
2,405,885 2,303,828
1,032,101 in available-for-sales securities
Gain on disposal of other investment 128,002
- -
Gain on disposal of investment in related 135,030
141,216 108,661
parties Net gain on disposal of property, plant and
- 15,556
22,688 equipment
Net gain on disposal of investment in land -
- 106,055
Unrealised gain on held-for-trading securities -
- 308,844
Gain on exchange rate -
- -
Dividend income 214,625
421,049 512,432
Interest income 159,301
51,285 28,244
Others 53,366
125,234 92,565
Other expenses Write-off projects under development
13 22,520
266,296 -
Write-off land compensation -
143,529 -
Net loss on disposal of property, plant and 4,366
- -
equipment Directors remuneration
24 26,620
20,130 14,280
Net loss on exchange rate 116,964
6,146 220,192
Operating profit 20
8,817,538 5,497,533
2,430,883
Share of profit of subsidiaries 4.4
_ _
_ Share of loss of joint ventures and associates
4.4 119,349
28,294 523,561
Profit before interest and income tax 8,698,189
5,469,239 3,004,444
Debentures premium redemption -
- 152,252
Interest expenses 509,314
411,880 429,649
Financial expenses 220,329
140,832 145,422
Income taxes 2,212,481
1,204,148 123,859
Profit before minorities 5,751,015
3,712,379 2,103,257
186,164 62,440
56,921
Net profit for the year 5,564,851
3,644,939 2,046,336
Basic earnings per share THB 21
20,48 13,42
2,25
Diluted earnings per share THB 21
20,48 13,42
2,25
Income Statement
Less Profit attributable to minorities
Lampiran.2 BALANCE SHEET PT.XYZ
PT . XYZ
For the year ended 31 December 2005 , 2004 , 2003
Description 2005
2004 2003
THB Thousand THB Thousand
THB Thousand
ASSETS
Cash and cash equivalents
5
9,130,256 6,021,318
3,211,311 Investment in held-for-trading securities
_ _
336,391 Trade accounts receivable, net
6 2,400,368
2,005,560 1,054,531
Amounts due from related parties 4,2
52,338 26,996
20,112 Advances to related parties
4,3 21
2,923 60,663
Current portion of long-term loans to 4,3
_ _
_ related parties
Current portion of long-term to other company _
_ 15,000
Inventories, net 2
1,660,633 266,096
851,402 Spare parts and machinery supplies
402,621 126,925
121,834 Others current assets
8 1,562,583
1,096,216 1,124,242
Total Current Assets 15,214,320
10,096,084 6,895,491
Loans to employees 22,592
22,801 10,265
Long-term loans to related parties 4,3
336,226 342,548
342,655 Long-term loans and advanced
15,142 20,428
20,202 to other companies
Investment in subsidiaries and 4,4
2,123,964 532,442
532,544 associaties
Other investment, net 9
10,821,862 15,035,813
16,436,260 Property, plant and equipment, net
10 10,202,686
8,124,143 5,223,169
Other non-current assets Deffered overburden expenses, net
11 1,652,928
1,432,001 1,512,395
Mining property rights, net 12
1,962,201 1,881,125
1,302,339 Investment in land, net
_ 36,123
36,123 Machinery and sparepart pending for disposal
_ 249,588
220,511 Project under development
13 1,052,402
1,019,142 526,902
Other non-current assets 14
1,083,004 1,021,838
228,114
Total Non-Current Asset 29,874,072
29,442,286 27,097,484
45,088,392 39,538,370
33,992,975
Description 2005
2004 2003
THB Thousand THB Thousand
THB Thousand
LIABILITIES
Bank overdrafts and loans from 15
1,312,360 595,314
1,133,281 banks and financial institutions
Trade account payable 436,551
620,394 250,194
Advances from related parties 4,5
_ _
_ Current portion of long-term loans
12 1,191,610
846,341 688,809
Current portions of debentures 18
504,126 319,412
499,812 Other current liabilities
Balance Sheets
Current
Assets
Non-Current
Assets
Total
Assets
Current
Liabilities
Accrued overburden and coal 1,192,063
1,542,206 203,041
transportation cost Accrued interest expense
149,104 96,590
93,123 Accrued royalty expense
868,225 692,202
396,282 Accrued income tax expense
1,663,384 1,039,261
165,825 Other current liabilities
16 1,899,319
1,004,653 492,110
Total Current Liabilities 9,216,792
6,756,883 4,423,532
Long-term loans from related parties 4,5
_ _
_ Long-term loans, net
12 1,243,125
1,426,102 920,155
Debentures, net 18
12,315,821 2,830,333
6,148,011 Other Liabilities
426,311 359,414
95,289
Total Non-Current Liabilities 13,985,257
9,665,854 7,213,955
23,202,049 16,422,737
11,637,487
Description 2005
2004 2003
THB Thousand THB Thousand
THB Thousand
SHAREHOLDERS EQUITY
Share capital Registered share capital
354.050.429 ordinary shares of THB 10 each
3,540,505 3,540,505
3,540,505
Issued and paid-up share capital 19
2,212,429 2,212,429
2,202,248 Premium on share capital
19 5,058,329
5,058,329 5,020,266
Fair value reserve: available-for-sale 25
6,914,095 10,543,668
12,092,928 securities
Adjustment from foreign exchange 454,302
436,250 330,950
translation Retained Earnings
Appropriated Legal reserve
26 399,642
390,613 390,448
Unappropriated 2,026,895
4,663,383 2,309,336
Total parents shareholders equity 21,662,133
22,932,222 22,232,499
Minority Interest 224,210
128,411 112,989
21,886,343 23,115,633
22,355,488 45,088,392
39,538,370 33,992,975
Non-Current
Liabilities
Total
Liabilities
Total
Shareholders Equity
Total
Liabilities AND
Total
Shareholders Equity
Lampiran.3 ANALISIS VERTIKAL INCOME STATEMENT PT.XYZ
PT . XYZ
For the year ended 31 December 2005 , 2004 , 2003 Description
2005 2004
2003
THB Thousand THB Thousand
THB Thousand THB Thousand
THB Thousand THB Thousand
Sales 25,208,684
100.00 12,226,625
100.00 12,482,256
100.00 Cost of sales
13,933,288 -55.22
10,525,024 -61.10
8,828,320 -21.13
Gross profit 11,275,396
44.73 6,701,651
38.90 3,603,886
28.87
Selling and administrative expense 3,331,844
-13.22 2,222,593
-12.93 1,852,656
-14.88 Royalty fee
2,546,258 -10.10
1,699,642 -9.82
1,252,465 -10.03
Profit from sales 5,396,794
21.41 2,774,416
16.11 493,765
3.96
Other income Gain on disposal of investment
2,405,885 9.54
2,303,828 13.32
1,032,101 8.31
in available-for-sales securities Gain on disposal of other investment
128,002 0.21
_ _
_ _
Gain on disposal of investment in related 135,030
0.54 141,216
0.82 108,661
0.82 parties
Net gain on disposal of property, plant and _
_ 15,556
0.09 22,688
0.18 equipment
Net gain on disposal of investment in land _
_ _
_ 106,055
0.85 Unrealised gain on held-for-trading securities
_ _
_ _
308,844 2.42
Dividend income 214,625
2.83 421,049
2.23 512,432
4.11 Interest income
159,301 0.63
51,285 0.30
28,244 0.23
Others 53,366
0.21 125,234
1.02 92,565
0.28 Other expenses
Write-off projects under development 13
22,520 -0.31
266,296 -1.55
_ _
Write-off land compensation _
_ 143,529
-0.83 _
_ Net loss on disposal of property, plant and
4,366 -0.02
_ _
_ _
equipment Directors remuneration
24 26,620
0.11 20,130
-0.12 14,280
-0.12 Net loss on exchange rate
116,964 -0.46
6,146 -0.04
220,192 -2.16
Operating profit 20
8,817,538 34.98
5,497,533 31.91
2,430,883 19.47
Share of profit of subsidiaries 4.4
_ _
_ _
_ _
Share of loss of joint ventures and associates 4.4
119,349 -0.42
28,294 -0.16
523,561 4.60
Profit before interest and income tax 8,698,189
34.50 5,469,239
31.75 3,004,444
24.07
Debentures premium redemption _
_ _
_ 152,252
-1.22 Interest expenses
509,314 -2.02
411,880 -2.39
429,649 -3.84
Financial expenses 220,329
-0.82 140,832
-0.82 145,422
-1.12 Income taxes
2,212,481 -8.80
1,204,148 -6.99
123,859 -0.99
Profit before minorities 5,251,015
22.81 3,212,329
21.55 2,103,252
16.85 186,164
-0.24 62,440
-0.39 56,921
-0.46
Net profit for the year 5,564,851
22.08 3,644,939
21.16 2,046,336
16.39 Basic earnings per share THB
21 20,48
13,42 2,25
Diluted earnings per share THB 21
20,48 13,42
2,25
Income Statement
Less Profit attributable to minorities
Lampiran.4 ANALISIS VERTIKAL BALANCE SHEET PT.XYZ
PT . XYZ
For the year ended 31 December 2005 , 2004 , 2003 Description
2005 2004
2003
THB Thousand THB Thousand
THB Thousand
ASSETS
Cash and cash equivalents
5
9,130,256 20.25
6,021,318 15.23
3,211,311 9.45
Investment in held-for-trading securities _
_ _
_ 336,391
0.99 Trade accounts receivable, net
6 2,400,368
5.32 2,005,560
5.02 1,054,531
3.10 Amounts due from related parties
4,2 52,338
0.12 26,996
0.02 20,112
0.06 Advances to related parties
4,3 21
0.00005 2,923
0.01 60,663
0.18 Current portion of long-term loans to
4,3 _
_ _
_ _
_ related parties
Current portion of long-term to other company _
_ _
_ 15,000
0.04 Inventories, net
2 1,660,633
3.68 266,096
1.94 851,402
2.50 Spare parts and machinery supplies
402,621 0.90
126,925 0.45
121,834 0.51
Others current assets 8
1,562,583 3.42
1,096,216 2.22
1,124,242 3.45
Total Current Assets 15,214,320
33.74 10,096,084
25.53 6,895,491
20.29
Loans to employees 22,592
0.05 22,801
0.06 10,265
0.03 Long-term loans to related parties
4,3 336,226
0.25 342,548
0.82 342,655
1.01 Long-term loans and advanced
15,142 0.03
20,428 0.05
20,202 0.06
to other companies Investment in subsidiaries and
4,4 2,123,964
4.82 532,442
1.36 532,544
1.52 associaties
Other investment, net 9
10,821,862 24.11
15,035,813 38.03
16,436,260 48.35
Property, plant and equipment, net 10
10,202,686 23.24
8,124,143 20.55
5,223,169 16.98
Other non-current assets Deffered overburden expenses, net
11 1,652,928
3.62 1,432,001
3.63 1,512,395
4.45 Mining property rights, net
12 1,962,201
4.35 1,881,125
4.26 1,302,339
3.85 Investment in land, net
_ _
36,123 0.09
36,123 0.11
Machinery and sparepart pending for disposal _
_ 249,588
0.63 220,511
0.80 Project under development
13 1,052,402
2.33 1,019,142
2.58 526,902
1.20 Other non-current assets
14 1,083,004
2.40 1,021,838
2.58 228,114
0.82
Total Non-Current Asset 29,874,072
66.26 29,442,286
74.47 27,097,484
79.71 45,088,392
100.00 39,538,370
100.00 33,992,975
100.00
LIABILITIES
Bank overdrafts and loans from 15
1,312,360 2.91
595,314 1.51
1,133,281 3.34
banks and financial institutions Trade account payable
436,551 0.92
620,394 1.52
250,194 0.24
Advances from related parties 4,5
_ _
_ _
_ _
Current portion of long-term loans 12
1,191,610 2.64
846,341 2.14
688,809 2.03
Current portions of debentures 18
504,126 1.12
319,412 0.81
499,812 1.42
Other current liabilities Accrued overburden and coal
1,192,063 2.64
1,542,206 3.90
203,041 2.02
transportation cost Accrued interest expense
149,104 0.33
96,590 0.24
93,123 0.22
Accrued royalty expense 868,225
1.93 692,202
1.25 396,282
1.12 Accrued income tax expense
1,663,384 3.69
1,039,261 2.63
165,825 0.49
Other current liabilities 16
1,899,319 4.21
1,004,653 2.54
492,110 1.45
Total Current Liabilities 9,216,792
20.44 6,756,883
17.09 4,423,532
13.01
Long-term loans from related parties 4,5
_ _
_ _
_ _
Balance Sheets
Current
Assets
Non-Current
Assets
Total
Assets
Current
Liabilities
Non-Current
Liabilities
Long-term loans, net 12
1,243,125 2.26
1,426,102 3.23
920,155 2.85
Debentures, net 18
12,315,821 22.31
2,830,333 19.80
6,148,011 18.09
Other Liabilities 426,311
0.95 359,414
0.91 95,289
0.28
Total Non-Current Liabilities 13,985,257
31.02 9,665,854
24.45 7,213,955
21.22 23,202,049
51.46 16,422,737
41.54 11,637,487
34.23
Description 2005
2004 2003
THB Thousand THB Thousand
THB Thousand THB Thousand
THB Thousand
SHAREHOLDERS EQUITY
Share capital Registered share capital
354.050.429 ordinary shares of THB 10 each
3,540,505 2.85
3,540,505 8.95
3,540,505 10.42
Issued and paid-up share capital 19
2,212,429 6.03
2,212,429 6.82
2,202,248 2.95
Premium on share capital 19
5,058,329 11.22
5,058,329 12.29
5,020,266 14.22
Fair value reserve: available-for-sale 25
6,914,095 15.33
10,543,668 26.62
12,092,928 35.52
securities Adjustment from foreign exchange
454,302 -1.01
436,250 -1.10
330,950 -0.92
translation Retained Earnings
Appropriated Legal reserve
26 399,642
0.89 390,613
0.99 390,448
1.15 Unappropriated
2,026,895 15.58
4,663,383 11.29
2,309,336 6.29
Total parents shareholders equity 21,662,133
48.04 22,932,222
58.01 22,232,499
65.42 Minority Interest
224,210 0.50
128,411 0.45
112,989 0.35
21,886,343 48.54
23,115,633 58.46
22,355,488 65.77
45,088,392 39,538,370
100.00 100.00
33,992,975 100.00
Total
Liabilities
Total
Shareholders Equity
Total
Liabilities AND
Total
Shareholders Equity
Lampiran.5 ANALISIS HORIZONTAL INCOME STATEMENT PT.XYZ
PT . XYZ
For the year ended 31 December 2005 , 2004 , 2003 , 2002 , 2001 Description
2005 Changed
2004 Changed
2003
THB Thousand THB Thousand
THB Thousand THB Thousand
THB Thousand THB Thousand
Sales 25,208,684
46.34 17,226,675
38.01 12,482,256
Cost of sales 13,933,288
32.38 10,525,024
18.55 8,878,370
Gross profit 11,275,396
68.25 6,701,651