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
85.96 3,603,886
Selling and administrative expense 3,331,844
49.57 2,227,593
19.91 1,857,656
Royalty fee 2,546,758
49.84 1,699,642
35.70 1,252,465
Profit from sales 5,396,794
94.52 2,774,416
461.89 493,765
Other income Gain on disposal of investment
2,405,885 4.43
2,303,878 122.15
1,037,101 in available-for-sales securities
Gain on disposal of other investment 178,007
_ _
Gain on disposal of investment in related 135,030
-4.72 141,716
30.42 108,661
parties Net gain on disposal of property, plant and
_ 15,556
-31.44 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
714,625 51.71
471,049 -8.08
512,437 Interest income
159,301 210.62
51,285 78.42
28,744 Others
53,366 -69.63
175,734 80.12
97,565 Other expenses
Write-off projects under development 13
77,520 -70.89
266,296 _
Write-off land compensation _
143,529 _
Net loss on disposal of property, plant and 4,366
_ _
equipment Directors remuneration
24 26,620
-232.24 20,130
36.20 14,780
Net loss on exchange rate 116,964
1803.09 6,146
-97.73 270,197
Operating profit 20
8,817,538 60.39
5,497,533 126.15
2,430,883
Share of profit of subsidiaries 4.4
_ _
_ Share of loss of joint ventures and associates
4.4 119,349
321.82 28,294
-104.93 573,561
Profit before interest and income tax 8,698,189
59.04 5,469,239
82.04 3,004,444
Debentures premium redemption _
_ 152,257
Interest expenses 509,314
23.66 411,880
-14.13 479,649
Financial expenses 220,379
56.48 140,832
-3.16 145,422
Income taxes 2,217,481
84.15 1,204,148
872.19 123,859
Profit before minorities 5,751,015
54.91 3,712,379
76.51 2,103,257
186,164 176.04
67,440 18.48
56,921
Net profit for the year 5,564,851
52.67 3,644,939
78.12 2,046,336
Basic earnings per share THB
21 20,48
13,42 7,75
Diluted earnings per share THB 21
20,48 13,42
7,75
Income Statement
Less Profit attributable to minorities
Lampiran.6 ANALISIS HORIZONTAL BALANCE SHEET PT.XYZ
PT . XYZ
For the year ended 31 December 2005 , 2004 , 2003 Description
2005 Changed
2004 Changed
2003
THB Thousand THB Thousand
THB Thousand
ASSETS
Cash and cash equivalents
5
9,130,256 51.64
6,021,318 82.50
3,211,311 Investment in held-for-trading securities
_ _
336,391 Trade accounts receivable, net
6 2,400,368
19.69 2,005,560
90.19 1,054,531
Amounts due from related parties 4,2
52,338 93.82
26,996 34.23
20,112 Advances to related parties
4,3 21
-99.29 2,923
-95.10 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
1,660,633 116.22
266,096 -10.02
851,402 Spare parts and machinery supplies
402,621 130.39
126,925 2.96
121,834 Others current assets
8 1,562,583
42.54 1,096,216
-6.65 1,124,242
Total Current Assets 15,214,320
50.70 10,096,084
46.42 6,895,491
Loans to employees 22,592
-0.89 22,801
122.12 10,265
Long-term loans to related parties 4,3
336,226 -1.20
342,548 -0.03
342,655 Long-term loans and advanced
15,142 -25.85
20,428 -1.32
20,202 to other companies
Investment in subsidiaries and 4,4
2,123,964 304.50
532,442 0.92
532,544 associaties
Other investment, net 9
10,821,862 -22.69
15,035,813 -8.52
16,436,260 Property, plant and equipment, net
10 10,202,686
31.24 8,124,143
40.22 5,223,169
Other non-current assets Deffered overburden expenses, net
11 1,652,928
15.03 1,432,001
-4.99 1,512,395
Mining property rights, net 12
1,962,201 4.34
1,881,125 43.89
1,302,339 Investment in land, net
_ 36,123
0.00 36,123
Machinery and sparepart pending for disposal _
249,588 -2.23
220,511 Project under development
13 1,052,402
3.26 1,019,142
26.66 526,902
Other non-current assets 14
1,083,004 5.99
1,021,838 262.42
228,114
Total Non-Current Asset 29,874,072
1.47 29,442,286
8.65 27,097,484
45,088,392 14.04
39,538,370 16.31
33,992,975
Description 2005
Changed 2004
Changed 2003
THB Thousand THB Thousand
THB Thousand THB Thousand
THB Thousand
LIABILITIES
Bank overdrafts and loans from 15
1,312,360 120.45
595,314 -42.49
1,133,281 banks and financial institutions
Trade account payable 436,551
-29.63 620,394
142.92 250,194
Advances from related parties 4,5
_ _
_ Current portion of long-term loans
12 1,191,610
40.80 846,341
22.82 688,809
Current portions of debentures 18
504,126 52.83
319,412 -36.09
499,812 Other current liabilities
Balance Sheets
Current
Assets
Non-Current
Assets
Total
Assets
Current
Liabilities
Accrued overburden and coal 1,192,063
-22.23 1,542,206
119.43 203,041
transportation cost Accrued interest expense
149,104 54.32
96,590 3.62
93,123 Accrued royalty expense
868,225 25.44
692,202 24.46
396,282 Accrued income tax expense
1,663,384 60.05
1,039,261 526.22
165,825 Other current liabilities
16 1,899,319
89.05 1,004,653
104.15 492,110
Total Current Liabilities 9,216,792
36.41 6,756,883
52.75 4,423,532
Long-term loans from related parties 4,5
_ _
_ _
_ Long-term loans, net
12 1,243,125
-15.28 1,426,102
52.15 920,155
Debentures, net 18
12,315,821 52.28
2,830,333 22.36
6,148,011 Other Liabilities
426,311 18.61
359,414 225.21
95,289
Total Non-Current Liabilities 13,985,257
44.69 9,665,854
33.99 7,213,955
23,202,049 41.28
16,422,737 41.12
11,637,487
Description 2005
Changed 2004
Changed 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 0.00
3,540,505 0.00
3,540,505 Issued and paid-up share capital
19 2,212,429
0.00 2,212,429
0.55 2,202,248
Premium on share capital 19
5,058,329 0.00
5,058,329 0.26
5,020,266 Fair value reserve: available-for-sale
25 6,914,095
-34.42 10,543,668
-12.81 12,092,928
securities Adjustment from foreign exchange
454,302 4.14
436,250 31.82
330,950 translation
Retained Earnings Appropriated
Legal reserve 26
399,642 2.31
390,613 0.04
390,448 Unappropriated
2,026,895 50.68
4,663,383 101.94
2,309,336 Total parents shareholders equity
21,662,133 -5.56
22,932,222 3.15
22,232,499 Minority Interest
224,210 25.62
128,411 51.21
112,989 21,886,343
-5.32 23,115,633
3.40 22,355,488
45,088,392 39,538,370
14,03 16.31
33,992,975
Non-Current
Liabilities
Total
Liabilities
Total
Shareholders Equity
Total
Liabilities AND
Total
Shareholders Equity
Lampiran.7 SKEMA ANALISIS SISTEM DU PONT MODEL.I PT.XYZ
PT.XYZ
For the year ended 31 December 2005 , 2
2003 2004
2005
ROI
2003 6.02
2004 9.22
2005 12.34
NET PROFIT MARGIN
2003 16.39
2004 21.17
2005 22.08
SALES NIAT
TOT
2003 12,482,256
2003 2,046,336
2003 2004
17,226,675 2004
3,644,939 2004
2005 25,208,684
2005 5,564,851
2005
TOTAL COSTS TOTAL REVENUE
2003 13,231,576
MINUS 2003
15,277,912 2004
16,712,660 2004
20,357,599 2005
23,170,698 2005
28,735,549
COST OF SALES FINANCIAL EXPENSE
2003 8,878,370
PLUS 2003
145,422 2004
10,525,024 2004
140,832 2005
13,933,288 2005
220,379
SELLING ADM. EXP.
DEBENTURE
2003 2003
1,857,656
PREMIUM REDEMPTION
PLUS 2004
2004 2,227,593
2003 152,257
2005 2005
3,331,844 PLUS
2004 -
2005 -
AnalBsBs Du Pont MODEL
OTHER
2003
ROYALTY FEE
TAX EXPENSE
PLUS 2004
2003 1,252,465
2003 123,859
2005 2004
1,699,642 PLUS
2004 1,204,148
2005 2,546,758
2005 2,217,481
SHA OF JOINT
OTHER OPERATING EXPENSE PROFIT ATTRIBUTABLE
2003 2003
284,977 TO MINISTRIES
PLUS 2004
2004 436,101
PLUS 2003
56,921 2005
2005 225,470
2004 67,440
2005 186,164
INTEREST EXPENSE
2003 479,649
2004 411,880
2005 509,314
.XYZ
, 2004 , 2003
ROE
9.15 15,77
25.43
EQUITY TOTAL ASSETS
2003 65.77
2004 58.46
2005 48,54
TATO
2003 0.37
2004 0.44
2005 0.56
TOTAL ASSETS SALES
33,992,975 2003
12,482,256 39,538,370
2004 17,226,675
45,088,392 2005
25,208,684
NON CURRENT ASSETS
PLUS 2003
27,097,484 2004
29,442,286 2005
29,874,072
CURRENT ASSETS
PLUS 2003
6,895,491 2004
10,096,084 2005
15,214,320
SALES
Cash Equivalent
12,482,256 2003
3.211.311 17,226,675
2004 6.021.318
25,208,684 2005
9.130.756
Trade Acc.Receivable
2003 1.054.531
2004 2.005.560
HER OPERATING INCOME
2005 2.400.368
2,222,095 3,159,218
Inventories
3,646,214 2003
851.4 2004
766.1 2005
1.660.633
SHARE OF LOSS JOINT VENTURES ASSOCIA
573,561 28,294
119,349