Income Statement

Padaeng Industry Public Company Limited and Subsidiaries
Statements of income
For the years ended 31 December 2001 and 2000      
Consolidated
2001 2000
Baht Baht
Revenues
Sales 5,197,360,469 5,309,374,809
Interest income          4,974,577 4,349,266
Adjustment to the provision for guarantee 
   of a subsidiary                                              
Gain on exchange rate          4,632,567                       
Other incomes        15,052,586 1,727,946
Total revenues 5,222,020,199 5,315,452,021
Expenses
Cost of sales    4,391,469,733 4,217,143,871
Restoration expense                        6,972,808
Selling and administrative expenses      398,607,848 448,023,887
Loss on exchange rate                        166,072,043
Early retirement plan expense                        32,892,322
Stock revaluation loss        34,941,451 21,670,000
Investment impairment loss        10,010,000 4,441,626
Asset impairment loss      103,111,785 17,357,148
Withholding tax expense                        11,165,906
Interest expenses        92,910,905 233,677,748
Directors’ remuneration          4,157,970 3,554,603
Share of loss from subsidiaries                                              
Other expenses          1,042,926 5,155,782
Total expenses 5,036,252,618 5,168,127,744
Profit before minority interest,
gain from deconsolidation of
subsidiary and the result of operations 
of a subsidiary which ceased its
operations      185,767,581 147,324,277
Share of profit in subsidiaries
to minority interest           (857,625) (893,435)
Profit before gain from deconsolidation 
of subsidiary and  the result of 
operations of a subsidiary 
which ceased its operations   184,909,956 146,430,842
Gain from deconsolidation of   
subsidiary 150,868,077                       
Net income of a subsidiary 
which ceased its operations                        64,560,480
Income before tax 335,778,033 210,991,322
Income  tax (478,594)                       
Net  profit for the year 335,299,439 210,991,322
Basic  earnings  per  share
Profit before minority interest  1.49 1.28
Share of profit insubsidiary to
   minority interest (0.01) (0.01)
Net profit for the year 1.48 1.27