Central Pattana Public Company Limited Balance Sheets As at 31 March 2001 and 31 December 2000 Consolidated Company 31-Mar 31-Dec 31-Mar 31-Dec 2001 2000 2001 2000 (unaudited) (audited) (unaudited) (audited) Notes Baht 000 Baht 000 Baht 000 Baht 000 ASSETS Current Assets Cash on hand and at banks 1,253,346 755,718 1,095,622 645,152 Short-term investments 932,718 1,382,000 932,055 1,380,510 Trade accounts receivable, net 5 118,120 117,336 79,013 72,466 Short-term loan and advances to related parties 15 5,400 6,813 - 19,550 Other current assets 6 123,242 132,409 62,574 69,768 Total Current Assets 2,432,826 2,394,276 2,169,264 2,187,446 Non-Current Assets Loans to related parties 15 38,840 38,840 1,009,388 918,578 Investments in subsidiaries and joint ventures 15 - - 3,033,654 2,999,746 Investment in related companies 113,877 113,877 20,313 20,313 Other long-term investments 47,817 47,817 47,817 47,817 Deferred tax assets 210,156 210,156 210,156 210,156 Property and equipment, net 7 8,329,583 8,345,701 3,069,568 3,109,879 Other assets 8 456,634 459,562 125,569 128,293 Total Non-Current Assets 9,196,907 9,215,953 7,516,465 7,434,782 Total Assets 11,629,733 11,610,229 9,685,729 9,622,228 Director Director The notes to the interim consolidated and company financial statements on pages 10 to 23 form an integral part of these interim fina Central Pattana Public Company Limited Balance Sheets As at 31 March 2001 and 31 December 2000 Consolidated Company 31-Mar 31-Dec 31-Mar 31-Dec 2001 2000 2001 2000 (unaudited) (audited) (unaudited) (audited) Notes Baht 000 Baht 000 Baht 000 Baht 000 LIABILITIES AND SHAREHOLDERS EQUITY Current Liabilities Bank overdrafts and loans from financial institutions 47,123 40,590 16,443 11,032 Trade accounts payable 20,802 17,727 21,143 16,323 Current portion of long-term borrowings 10 281,244 274,062 281,244 274,062 Euro convertible bonds due within one year 16 1,614,540 1,628,829 1,614,540 1,628,829 Loans from related parties 15 2,254 2,066 158,868 153,222 Income tax payable 128,855 77,092 93,194 56,547 Other current liabilities 9 468,047 511,741 221,376 262,662 Total Current Liabilities 2,562,865 2,552,107 2,406,808 2,402,677 Non-Current Liabilities Long-term borrowings 10 2,206,946 2,330,437 1,768,463 1,841,974 Unearned rental and service income 2,129,114 2,158,023 1,205,325 1,232,177 Deposits received from customer 705,116 699,071 502,776 499,238 Guarantee for leasehold right 51,922 52,956 4,414 4,414 Total Non-Current Liabilities 5,093,098 5,240,487 3,480,978 3,577,803 Total Liabilities 7,655,963 7,792,594 5,887,786 5,980,480 The notes to the interim consolidated and company financial statements on pages 10 to 23 form an integral part of these interim fina Central Pattana Public Company Limited Balance Sheets As at 31 March 2001 and 31 December 2000 Consolidated Company 31-Mar 31-Dec 31-Mar 31-Dec 2001 2000 2001 2000 (unaudited) (audited) (unaudited) (audited) Baht 000 Baht 000 Baht 000 Baht 000 LIABILITIES AND SHAREHOLDERS EQUITY (CONT D) Shareholders Equity Share capital Authorised share capital 1,210,000 1,210,000 1,210,000 1,210,000 Issued and paid-up share capital 1,000,000 1,000,000 1,000,000 1,000,000 Premium on share capital 1,185,000 1,185,000 1,185,000 1,185,000 Negative goodwill 112,594 112,594 112,594 112,594 Unrealised loss of investment in available-for-sale securities -1,704 -2,227 -1,704 -2,227 Retained earnings Appropriated - legal reserve 121,000 121,000 121,000 121,000 Unappropriated 1,381,053 1,225,381 1,381,053 1,225,381 Minority interests 175,827 175,887 - - Total Shareholders Equity 3,973,770 3,817,635 3,797,943 3,641,748 Total Liabilities and Shareholders Equity 11,629,733 11,610,229 9,685,729 9,622,228 The notes to the interim consolidated and company financial statements on pages 10 to 23 form an integral part of these interim fina Central Pattana Public Company Limited Statements of Income (Unaudited) For the three-month periods ended 31 March 2001 and 2000 Consolidated Company 2001 2000 2001 2000 Notes Baht 000 Baht 000 Baht 000 Baht 000 (Restated) Revenues Rental and service income 613,354 538,383 408,056 362,186 Food and beverage sales 51,850 108,046 - - Interest income 18,274 14,281 17,201 14,838 Other income 45,368 24,276 42,149 23,886 Total revenues 728,846 684,986 467,406 400,910 Expenses Cost of rental and service 272,680 241,740 124,702 118,925 Cost of food and beverage sales 38,756 83,882 - - Administrative expenses 68,768 81,361 47,529 49,403 Loss on exchange 36,327 11,089 36,327 11,096 Directors' remuneration 187 235 187 235 Interest expense 87,547 86,215 74,663 67,996 Total expenses 504,265 504,522 283,408 247,655 Operating profit 3 224,581 180,464 183,998 153,255 Share of profit in subsidiaries - - 40,633 28,160 Profit before tax 224,581 180,464 224,631 181,415 Income tax -68,969 -54,319 -68,959 -54,319 Profit before minority interests 155,612 126,145 155,672 127,096 Share of loss in subsidiaries to minority interests 60 951 - - Net profit for the period 155,672 127,096 155,672 127,096 Baht Baht Baht Baht Basic and diluted earnings per share 4 Profit before minority interests 1.56 1.26 1.56 1.27 Share of loss in subsidiaries to minority interests 0.01 - - Net profit for the period 1.56 1.27 1.56 1.27 The notes to the interim consolidated and company financial statements on pages 10 to 23 form an integral part of these interim fina Central Pattana Public Company Limited Statements of Changes in Shareholders Equity (Unaudited) For the three-month periods ended 31 March 2001 and 2000 Consolidated Company 2001 2000 2001 2000 Baht 000 Baht 000 Baht 000 Baht 000 (Restated) (Restated) Share Capital Beginning balance 1,000,000 1,000,000 1,000,000 1,000,000 Increase during the period - - - - Decrease during the period - - - - Ending balance 1,000,000 1,000,000 1,000,000 1,000,000 Premium on Share Capital Beginning balance 1,185,000 1,185,000 1,185,000 1,185,000 Increase during the period - - - - Decrease during the period - - - - Ending balance 1,185,000 1,185,000 1,185,000 1,185,000 Negative goodwill Beginning balance 112,594 112,594 112,594 112,594 Increase during the period - - - - Decrease during the period - - - Ending balance 112,594 112,594 112,594 112,594 Unrealised gain (loss) of investment in available-for-sale securities Beginning balance -2,227 -2,356 -2,227 -2,356 Increase during the period - -104 - -104 Decrease during the period 523 - 523 - Ending balance -1,704 -2,460 -1,704 -2,460 The notes to the interim consolidated and company financial statements on pages 10 to 23 form an integral part of these interim fina Central Pattana Public Company Limited Statements of Changes in Shareholders Equity (Unaudited) For the three-month periods ended 31 March 2001 and 2000 Consolidated Company 2001 2000 2001 2000 Note Baht 000 Baht 000 Baht 000 Baht 000 (Restated) (Restated) Retained Earnings Appropriated retained earnings Legal reserve Beginning balance 121,000 121,000 121,000 121,000 Increase during the period - - - - Decrease during the period - - - - Ending balance 121,000 121,000 121,000 121,000 Unappropriated retained earnings Beginning balance, as previously reported 1,225,381 1,045,473 1,225,381 1,045,473 Prior year adjustment 14 - -3,211 - -3,211 Beginning balance, as restated 1,225,381 1,042,262 1,225,381 1,042,262 Increase during the period 155,672 127,096 155,672 127,096 Decrease during the period - -125,000 - -125,000 Ending balance 1,381,053 1,044,358 1,381,053 1,044,358 Minority interests Beginning balance, as previously reported 175,887 685,703 - - Prior year adjustment 14 - -489,595 - - Beginning balance, as restated 175,887 196,108 - - Increase during the period - - - - Decrease during the period -60 -951 - - Ending balance 175,827 195,157 - - Total 3,973,770 3,655,649 3,797,943 3,460,492 The notes to the interim consolidated and company financial statements on pages 10 to 23 form an integral part of these interim fina Central Pattana Public Company Limited Statements of Retained Earnings (Unaudited) For the three-month periods ended 31 March 2001 and 2000 Consolidated Company 2001 2000 2001 2000 Note Baht 000 Baht 000 Baht 000 Baht 000 (Restated) (Restated) Unappropriated retained earnings Beginning balance, as previously reported 1,225,381 1,045,473 1,225,381 1,045,473 Prior year adjustment 14 - -3,211 - -3,211 Beginning balance, as restated 1,225,381 1,042,262 1,225,381 1,042,262 Less: Appropriation - Dividend - -125,000 - -125,000 Net profit for the period 155,672 127,096 155,672 127,096 Unappropriated retained earnings at end of the period 1,381,053 1,044,358 1,381,053 1,044,358 Appropriated retained earnings at end of the period Legal reserve 121,000 121,000 121,000 121,000 Retained earnings at end of the period 1,502,053 1,165,358 1,502,053 1,165,358 The notes to the interim consolidated and company financial statements on pages 10 to 23 form an integral part of these interim fina Central Pattana Public Company Limited Statements of Cash Flows (Unaudited) For the three-month periods ended 31 March 2001 and 2000 Consolidated Company 2001 2000 2001 2000 Notes Baht 000 Baht 000 Baht 000 Baht 00 (Restated) Cash flows from operating activities 12 307,550 154,569 211,676 88,510 Cash flows from investing activities Decrease (increase) in short-term investment 524,169 -22,203 524,835 -35,541 Purchases of property and equipment -133,838 -73,945 -2,770 -4,321 Purchases of marketable securities - -346 - -61,729 Loans made to related companies -13 - -112,810 - Proceeds from sales of equipment 28,724 - - - Long-term loans received from related companies - - 22,000 10,010 Short-term loans received from related companies - - 19,550 - Net proceeds on disposal of subsidiary 13 17,280 - - - Net cash (used in) investing activities 436,322 -96,494 450,805 -91,581 Cash flows from financing activities Proceeds from bonds issued to financial institutions - 900,000 - 900,000 Loans repayment from related companies 19,608 1,667 67,654 35,574 Loans from related companies - - -62,008 - Payments on long-term borrowings -109,776 -74,145 -60,919 -50,898 Purchases of convertible bonds -79,452 - -79,452 - Net cash (used in) receipts from financing activities -169,620 827,522 -134,725 884,676 Net increase in cash and cash equivalents 574,252 885,597 527,756 881,605 Beginning balance 1,368,372 634,981 1,257,144 532,277 Ending balance 1,942,624 1,520,578 1,784,900 ####### Cash and cash equivalents: Cash on hand and at banks 1,253,346 1,255,858 1,095,622 1,164,361 Investment in trade marketable securities 670,000 - 670,000 - Fixed deposits with maturity less or equal to 3 months 19,278 64,304 19,278 49,105 Promissory notes with financial institution with maturity less or equal to 3 months - 200,416 - 200,416 1,942,624 1,520,578 1,784,900 1,413,882 The notes to the interim consolidated and company financial statements on pages 10 to 23 form an integral part of these interim fina