23 February 2001
SUBMISSION OF FINANCIAL STATEMENTS FOR THE YEAR 2000.
February 22, 2001
To The President
Stock Exchange of Thailand
Re Submission of financial statements for the year 2000.
Enclosures Financial statements for the year 2000.
We are sending you herewith the enclosed financial statement
of the Company and the consolidated financial statement of the Company
and its subsidiary companies for the year ended 31st December, 2000 which
have been audited by our auditor, reviewed by our audit committee and
certified by our board of directors.
The consolidated operating result of the Company and its
subsidiary companies for the year 2000 is a net profit of Baht1,545million.
It is higher than that of the previous year by more than 40 percent.
This is because of the big increase of our sales revenues, especially
the sales of advertising air-time which is Baht1,292million higher,
up 37%, from the increased in the volume of the utilized air-time as
well as the up-ward adjustments of the rates. Even though we have
changed our accounting policy on the way we amortize the costs of
"Plays Charges" which has pushed our costs of sales up by Baht424
million, but the growth rate of the expenses is much lower than that
of the revenues thus our net profit increased over the previous year's
by Baht439 million.
Please be informed accordingly.
Sincerely Yours,
(Chatchai Thiamtong)
Vice President - Finance