CENTRAL PATTANA PUBLIC COMPANY LIMITED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) FOR THE THREE-MONTH PERIOD ENDED 30 JUNE Consolidated Company 1999 1998 1999 1998 Baht'000 Baht'000 Baht'000 Baht'000 Share capital Balance, beginning of period 1,000,000 1,000,000 1,000,000 1,000,000 Add: Transactions during period - - - - Balance, end of period 1,000,000 1,000,000 1,000,000 1,000,000 Share premium Balance, beginning of period 1,185,000 1,185,000 1,185,000 1,185,000 Add: Transactions during period - - - - Balance, end of period 1,185,000 1,185,000 1,185,000 1,185,000 Surplus on revaluation of land Balance, beginning of period 112,594 112,594 112,594 112,594 Add: Transactions during period - - - - Balance, end of period 112,594 112,594 112,594 112,594 Unrealised gain (loss) of investment in securities available-for-sale Balance, beginning of period - (16,650) - (16,650) Add: Transactions during period 1,191 (2,000) 1,191 (2,000) Balance, end of period 1,191 (18,650) 1,191 (18,650) Retained earnings Appropriated retained earnings - legal reserve Balance, beginning of period 121,000 97,343 121,000 97,343 Add: Additional reserve - - - - Balance, end of period 121,000 97,343 121,000 97,343 Unappropriated retained earnings Balance, beginning of period 940,112 978,884 940,112 978,884 Less: Dividend (100,000) - (100,000) - Add: Net income (loss) for period 100,885 (275,960) 100,885 (275,960) Balance, end of period 940,997 702,924 940,997 702,924 TOTAL SHAREHOLDERS' EQUITY 3,360,782 3,079,211 3,360,782 3,079,211 The accounting policies and notes to interim financial statements on pages 14 to 30 form an integral part of these interim financial statements. CENTRAL PATTANA PUBLIC COMPANY LIMITED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) FOR THE SIX-MONTH PERIOD ENDED 30 JUNE Consolidated Company 1999 1998 1999 1998 Baht'000 Baht'000 Baht'000 Baht'000 Share capital Balance, beginning of period 1,000,000 1,000,000 1,000,000 1,000,000 Add: Transactions during period - - - - Balance, end of period 1,000,000 1,000,000 1,000,000 1,000,000 Share premium Balance, beginning of period 1,185,000 1,185,000 1,185,000 1,185,000 Add: Transactions during period - - - - Balance, end of period 1,185,000 1,185,000 1,185,000 1,185,000 Surplus on revaluation of land Balance, beginning of period 112,594 112,594 112,594 112,594 Less: Transactions during period - - - - Balance, end of period 112,594 112,594 112,594 112,594 Unrealised gain (loss) of investment in securities available-for-sale Balance, beginning of period - (18,750) - (18,750) Less: Transactions during period 1,191 100 1,191 100 Balance, end of period 1,191 (18,650) 1,191 (18,650) Retained earnings Appropriated retained earnings - legal reserve Balance, beginning of period 121,000 97,343 121,000 97,343 Add: Additional reserve - - - - Balance, end of period 121,000 97,343 121,000 97,343 Unappropriated retained earnings Balance, beginning of period 838,998 504,540 838,998 504,540 Less: Dividend (100,000) - (100,000) - Add: Net income for period 201,999 198,384 201,999 198,384 Balance, end of period 940,997 702,924 940,997 702,924 TOTAL SHAREHOLDERS' EQUITY 3,360,782 3,079,211 3,360,782 3,079,211 The accounting policies and notes to interim financial statements on pages 14 to 30 form an integral part of these interim financial statements. CENTRAL PATTANA PUBLIC COMPANY LIMITED STATEMENTS OF RETAINED EARNINGS (UNAUDITED) FOR THE THREE-MONTH PERIOD ENDED 30 JUNE Consolidated Company 1999 1998 1999 1998 Baht'000 Baht'000 Baht'000 Baht'000 Unappropriated retained earnings Balance, beginning of period 940,112 978,884 940,112 978,884 Less: Dividend (100,000) - (100,000) - Add: Net income (loss) for period 100,885 (275,960) 100,885 (275,960) Balance, end of period 940,997 702,924 940,997 702,924 Appropriated retained earnings - legal reserve Balance, beginning of period 121,000 97,343 121,000 97,343 Add: Transactions during period - - - - Balance, end of period 121,000 97,343 121,000 97,343 TOTAL RETAINED EARNINGS 1,061,997 800,267 1,061,997 800,267 The accounting policies and notes to interim financial statements on pages 14 to 30 form an integral part of these interim financial statements. CENTRAL PATTANA PUBLIC COMPANY LIMITED STATEMENTS OF RETAINED EARNINGS (UNAUDITED) FOR THE SIX-MONTH PERIOD ENDED 30 JUNE Consolidated Company 1999 1998 1999 1998 Baht'000 Baht'000 Baht'000 Baht'000 Unappropriated retained earnings Balance, beginning of period 838,998 504,540 838,998 504,540 Less: Dividend (100,000) - (100,000) - Add: Net income for period 201,999 198,384 201,999 198,384 Balance, end of period 940,997 702,924 940,997 702,924 Appropriated retained earnings - legal reserve Balance, beginning of period 121,000 97,343 121,000 97,343 Add: Transactions during period - - - - Balance, end of period 121,000 97,343 121,000 97,343 TOTAL RETAINED EARNINGS 1,061,997 800,267 1,061,997 800,267 The accounting policies and notes to interim financial statements on pages 14 to 30 form an integral part of these interim financial statements. CENTRAL PATTANA PUBLIC COMPANY LIMITED STATEMENTS OF CASH FLOWS (UNAUDITED) FOR THE THREE-MONTH PERIOD ENDED 30 JUNE Consolidated Company 1999 1998 1999 1998 Baht'000 Baht'000 Baht'000 Baht'000 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) for period 100,885 (275,960) 100,885 (275,960) Minority interests 6,743 (10,550) - - Interest expense 95,663 142,551 64,604 84,890 Income tax 45,269 (191,459) 41,015 (192,106) Income (loss) before interest expense and tax 248,560 (335,418) 206,504 (383,176) Adjustments to reconcile income before interest and tax to net cash from operating activities:- Depreciation and amortisation 112,891 106,900 45,404 45,951 Share of (income) loss in subsidiaries - - (8,228) 33,193 Impairment charge and doubtful accounts 46,634 300,669 38,640 295,774 Loss (gain) on exchange (37,666) 190,638 (37,666) 190,638 Movement in working capital (Note 17) 22,725 30,518 35,164 31,002 Cash in flow from operating activities before interest and tax 393,144 293,307 279,818 213,382 Interest expense paid (126,878) (122,164) (96,135) (64,503) Income tax paid (203,772) - (194,693) - Net cash from operating activities 62,494 171,143 (11,010) 148,879 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (60,869) (136,396) (2,086) (7,585) Decrease (increase) in advances and loans to related company 83 (6,492) 25,118 (42,277) Investment in subsidiaries - - - (119,870) Dividend received - - - 75,000 Net cash (used in) from investing activities (60,786) (142,888) 23,032 (94,732) The accounting policies and notes to interim financial statements on pages 14 to 30 form an integral part of these interim financial statements CENTRAL PATTANA PUBLIC COMPANY LIMITED STATEMENTS OF CASH FLOWS , CONT' (UNAUDITED) FOR THE THREE-MONTH PERIOD ENDED 30 JUNE Consolidated Company 1999 1998 1999 1998 Baht'000 Baht'000 Baht'000 Baht'000 CASH FLOWS FROM FINANCING ACTIVITIES: (Decrease) increase in loans from banks (25,789) (35,489) 8,363 (17,110) (Decrease) increase in advances and loans from related companies (79) (4,314) 3,342 (68,394) Dividend paid (100,000) - (100,000) - Net cash (used in) financing activities (125,868) (39,803) (88,295) (85,504) Net (decrease) in cash and cash equivalents (124,160) (11,548) (76,273) (31,357) Cash and cash equivalents at beginning of period 594,191 814,323 475,988 704,930 Cash and cash equivalents at end of period 470,031 802,775 399,715 673,573 The accounting policies and notes to interim financial statements on pages 14 to 30 form an integral part of these interim financial statements. (more)