Balance Sheets

Padaeng Industry Public Company Limited
Balance Sheets
As at 31 December 2001 and 2000      
Consolidated
2001 2000
Baht Baht
Assets
Current Assets
Cash in hand and at banks 492,966,410 391,901,824
Deposit at bank used as
collateral                        200,000
Short-term deposit         30,054,136                       
Trade accounts receivable – net
         – Other companies      242,639,175 345,492,096
         – related companies          9,330,192                       
Short-term loans and advances to
           related companies – net                        2,019,224
Inventories – net      935,156,755 1,264,721,647
Withholding tax          6,874,971 7,716,033
Account receivable – Revenue
Department        75,829,293 15,257,153
Other receivables        14,479,346 1,505,153
Forward contract receivable – net             290,268 15,018,000
Other current assets        19,300,535 6,933,011
Total Current Assets 1,826,921,081 2,050,764,141
Non current assets
     Long-term deposit                        30,054,136
     Investment in subsidiaries – net                                              
     Long-term general investments – net                        10,010,000
     Property, plant and equipment – net    2,587,164,276 2,787,010,509
     Assets held for sale                        12,500,004
     Other  assets       238,132,925 230,210,793
Total Assets 4,652,218,282 5,120,549,583
Liabilities and Shareholders’ Equity
Current Liabilities
Loans from  financial institutions      330,510,100 574,035,903
Trade accounts and notes payable
  – Other companies      204,956,958 261,720,217
  – Related companies                    
Current portion of long-term loans      235,000,000 723,225,558
Short-term loans
   from  related companies           124,198,021
Accrued interest expenses        11,108,322 57,044,194
Accrued electricity expenses      151,382,253 122,533,864
Provision for tax penalty            32,170,000
Other current liabilities      101,416,060 97,767,278
Total Current Liabilities 1,034,373,693 1,992,695,035
Non current liabilities
       Loans  from  related companies                    
       Long – term loans      690,000,000 529,018,532
       Provision  for  restoration expense        62,617,126 69,765,617
Total Liabilities 1,786,990,819 2,591,479,184
Shareholders’ Equity
Share  capital  
Authorized share capital
226,000,000 ordinary shares
    of Baht 10 each  2,260,000,000 2,260,000,000
Issued and paid-up share capital
226,000,000 ordinary shares
   of Baht 10 each, fully paid 2,260,000,000 2,260,000,000
Premium  on  share  capital 1,128,971,765 1,128,971,765
Retained  earnings  (deficit)
     Appropriated
      – Legal reserve  98,200,000 98,200,000
      – Reserve for business expansion           1,969,000,000
     Unappropriated  retained earnings (deficit)     (625,846,778) (2,930,146,217)
Total Company shareholders’ equity    2,861,324,987 2,526,025,548
Minority interest          3,902,476 3,044,851
Total shareholders’equity    2,865,227,463    2,529,070,399
Total Liabilities and
  Shareholders’ Equity    4,652,218,282    5,120,549,583