PLUS PLUS 61.26 2005 2005 2005 2003 Menilai Kinerja Keuangan PT XYZ Dengan Menggunakan Analisa Rasio Keuangan, Analisa Horizontal dan Vertikal, Serta Analisis Sistem Du Pont Model.

1.51 1,133,281 3.34 1.52 250,194 0.24 _ _ _ 2.14 688,809 2.03 0.81 499,812 1.42 3.90 203,041 2.02 0.24 93,123 0.22 1.25 396,282 1.12 2.63 165,825 0.49 2.54 492,110 1.45

17.09 4,423,532

13.01 _ _ _ 3.23 920,155 2.85 19.80 6,148,011 18.09 0.91 95,289 0.28

24.45 7,213,955

21.22 41.54

11,637,487 34.23 2003 THB Thousand 8.95 3,540,505 10.42 6.82 2,202,248 2.95 12.29 5,020,266 14.22 26.62 12,092,928 35.52 -1.10 330,950 -0.92 0.99 390,448 1.15 11.29 2,309,336 6.29 58.01 22,232,499 65.42 0.45 112,989 0.35

58.46 22,355,488

65.77 100.00 33,992,975 100.00 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 THB Thousand THB Thousand THB Thousand THB Thousand Sales 25,208,684 46.34 17,226,675 38.01 Cost of sales 13,933,288 32.38 10,525,024 18.55 Gross profit 11,275,396

68.25 6,701,651

85.96 Selling and administrative expense 3,331,844 49.57 2,227,593 19.91 Royalty fee 2,546,758 49.84 1,699,642 35.70 Profit from sales 5,396,794

94.52 2,774,416

461.89 Other income Gain on disposal of investment 2,405,885 4.43 2,303,878 122.15 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 parties Net gain on disposal of property, plant and _ 15,556 -31.44 equipment Net gain on disposal of investment in land _ _ Unrealised gain on held-for-trading securities _ _ Gain on exchange rate _ _ Dividend income 714,625 51.71 471,049 -8.08 Interest income 159,301 210.62 51,285 78.42 Others 53,366 -69.63 175,734 80.12 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 Net loss on exchange rate 116,964 1803.09 6,146 -97.73 Operating profit 20 8,817,538

60.39 5,497,533

126.15 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 Profit before interest and income tax 8,698,189

59.04 5,469,239

82.04 Debentures premium redemption _ _ Interest expenses 509,314 23.66 411,880 -14.13 Financial expenses 220,379 56.48 140,832 -3.16 Income taxes 2,217,481 84.15 1,204,148 872.19 Profit before minorities 5,751,015

54.91 3,712,379

76.51 186,164 176.04 67,440 18.48 Net profit for the year 5,564,851

52.67 3,644,939

78.12 Basic earnings per share THB

21 20,48 13,42 Income Statement Less Profit attributable to minorities Diluted earnings per share THB 21 20,48 13,42 2003 THB Thousand THB Thousand 12,482,256 8,878,370 3,603,886 1,857,656 1,252,465 493,765 1,037,101 _ 108,661 22,688 106,055 308,844 _ 512,437 28,744 97,565 _ _ _ 14,780 270,197 2,430,883 _ 573,561 3,004,444 152,257 479,649 145,422 123,859 2,103,257 56,921 2,046,336 7,75 7,75 Lampiran.6 ANALISIS HORIZONTAL BALANCE SHEET PT.XYZ PT . XYZ For the year ended 31 December 2005 , 2004 , 2003 Description 2005 Changed 2004 THB Thousand THB Thousand ASSETS Cash and cash equivalents 5 9,130,256 51.64 6,021,318 Investment in held-for-trading securities _ _ Trade accounts receivable, net 6 2,400,368 19.69 2,005,560 Amounts due from related parties 4,2 52,338 93.82 26,996 Advances to related parties 4,3 21 -99.29 2,923 Current portion of long-term loans to 4,3 _ _ related parties Current portion of long-term to other company _ _ Inventories, net 2 1,660,633 116.22 266,096 Spare parts and machinery supplies 402,621 130.39 126,925 Others current assets 8 1,562,583 42.54 1,096,216 Total Current Assets 15,214,320

50.70 10,096,084

Loans to employees 22,592 -0.89 22,801 Long-term loans to related parties 4,3 336,226 -1.20 342,548 Long-term loans and advanced 15,142 -25.85 20,428 to other companies Investment in subsidiaries and 4,4 2,123,964 304.50 532,442 associaties Other investment, net 9 10,821,862 -22.69 15,035,813 Property, plant and equipment, net 10 10,202,686 31.24 8,124,143 Other non-current assets Deffered overburden expenses, net 11 1,652,928 15.03 1,432,001 Mining property rights, net 12 1,962,201 4.34 1,881,125 Investment in land, net _ 36,123 Machinery and sparepart pending for disposal _ 249,588 Project under development 13 1,052,402 3.26 1,019,142 Other non-current assets 14 1,083,004 5.99 1,021,838 Total Non-Current Asset 29,874,072

1.47 29,442,286

45,088,392 14.04 39,538,370 Description 2005 Changed 2004 Balance Sheets Current Assets Non-Current Assets Total Assets THB Thousand THB Thousand THB Thousand THB Thousand LIABILITIES Bank overdrafts and loans from 15 1,312,360 120.45 595,314 banks and financial institutions Trade account payable 436,551 -29.63 620,394 Advances from related parties 4,5 _ _ Current portion of long-term loans 12 1,191,610 40.80 846,341 Current portions of debentures 18 504,126 52.83 319,412 Other current liabilities Accrued overburden and coal 1,192,063 -22.23 1,542,206 transportation cost Accrued interest expense 149,104 54.32 96,590 Accrued royalty expense 868,225 25.44 692,202 Accrued income tax expense 1,663,384 60.05 1,039,261 Other current liabilities 16 1,899,319 89.05 1,004,653 Total Current Liabilities 9,216,792

36.41 6,756,883

Long-term loans from related parties 4,5 _ _ _ Long-term loans, net 12 1,243,125 -15.28 1,426,102 Debentures, net 18 12,315,821 52.28 2,830,333 Other Liabilities 426,311 18.61 359,414 Total Non-Current Liabilities 13,985,257

44.69 9,665,854

23,202,049 41.28 16,422,737 Description 2005 Changed 2004 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 Issued and paid-up share capital 19 2,212,429 0.00 2,212,429 Premium on share capital 19 5,058,329 0.00 5,058,329 Fair value reserve: available-for-sale 25 6,914,095 -34.42 10,543,668 securities Adjustment from foreign exchange 454,302 4.14 436,250 translation Retained Earnings Appropriated Legal reserve 26 399,642 2.31 390,613 Current Liabilities Non-Current Liabilities Total Liabilities Unappropriated 2,026,895 50.68 4,663,383 Total parents shareholders equity 21,662,133 -5.56 22,932,222 Minority Interest 224,210 25.62 128,411 21,886,343 -5.32 23,115,633 45,088,392 39,538,370 14,03 Total Shareholders Equity Total Liabilities AND Total Shareholders Equity