01 สิงหาคม 2544
ADDITIONAL INFORMATION ON FINANCIAL STATE 1ST QUARTER 2001
July 30, 2001
To: President
Stock Exchange of Thailand
Re: Additional information on our financial statements for the 1st quarter of 2001.
Referring to: Your letter ref: Kor Tor 393/2544 dated July 19, 2001.
As you have asked the company by the above mentioned referenced letter for
additional information on the short-term loan given by the company to our subsidiary,
BEC-TERO Entertainment Co., Ltd. which is amounting to Baht 196.33 million as at
March 31, 2001, we are showing below the required information.
1. Shareholding structure of BEC-TERO Entertainment Co., Ltd., list of its management
and directors: BEC-TERO Entertainment Co., Ltd. is a subsidiary of the company.
The company holds 60% of its capital whereas Mr. Brian Linsay Marcar , who is
not a connected person, holds the other 40%. Its managements are Mr. Prasarn
Maleenont as Chief Executive Officer and Mr. Brian Linsay Marcar as Managing
Director. Its Board of Director as well as the authority of the director are as
described in the attached affidavit.
2. Objective of the loan: To invest and park the company's cash as loan to its subsidiaries
as usual.
3. Key conditions of the loan: It is short-term loan to be repaying within a year. Its
interest rate is fixed on the transaction date at a higher rate than the highest rate
the company is able to obtain as bank deposit. Thus the actual rates are varying
between 4.75- 5.75 per annum.
4. The view of the company: The company views that the loan to subsidiary is a
normal business transaction carrying out in an usual business manner. As the
company has a lot of cash that is need to be parked as deposits, investments
and loans and the subsidiary is expanding and requires funds as borrowings,
thus the loan from the company to its subsidiary is for mutual benefits and
the company earns a better return. The company understand the these
connected transactions (loan) are exempted under clause 8 of the relevant
announce of the SET that the company do not required to report and
disclose when the transaction is agreed, but the company did disclose the
transactions fully in its financial statements. Anyhow, as these loans may be
viewed by the others as some kinds of financial support the company grants
to its subsidiary that it has not more than 90% interest, therefore the company
is submitting the enclosed statements disclosing information on the loans
granted to its subsidiaries which the company has not more than 90% interest
i.e. BEC - TERO Entertainment Co., Ltd. and TVB 3 Network Co., Ltd.
Please be informed accordingly.
Sincerely Yours,
(Chatchai Thiamtong)
Vice President- Finance
Information of transactions between company and its subsidiary which the company's
holding is not exceeding 90% of the paid-up capital of the subsidiary.
Report date: 31 July 2001
1. Type of transaction: Short term loans to subsidiary which the company's
holding not exceeding 90%.
2. Parties: Between BEC World Plc. (lender) [BEC] and
BEC-TERO Entertainment Co.,Ltd.(borrower) [BEC-TERO]
Related: BEC-TERO is a subsidiary of BEC, which BEC holds 60% of
BEC-TERO and Mr.Brian Lindsay Marcar who is not a
connected person holds 40%.
3. Transaction:
Transaction No. Transactions Date Amount of money (Unit : Thousand Baht)
1. 9 August 2000 6,700.00
2. 21 August 2000 2,000.00
3. 25 August 2000 2,000.00
4. 28 August 2000 5,500.00
5. 30 August 2000 11,606.66
6. 31 August 2000 5,510.30
7. 21 September 2000 3,000.00
8. 9 October 2000 5,800.00
9. 30 October 2000 8,500.00
10. 17 November 2000 12,000.00
11. 20 November 2000 7,250.00
12. 29 November 2000 4,095.00
13. 1 December 2000 19,500.00
14. 19 December 2000 17,000.00
15. 20 December 2000 12,329.63
16. 14 February 2001 5,238.15
17. 22 February 2001 3,142.89
18. 25 February 2001 1,728.59
19. 29 March 2001 2,215.46
20. 28 April 2001 1,107.73
21. 29 April 2001 4,430.93
22. 18 May 2001 10,475.00
23. 19 May 2001 10,475.00
24. 20 May 2001 553.87
25. 26 May 2001 13,244.33
26. 28 June 2001 6,913.50
27. 24 July 2001 4,000.00
28. 29 July 2001 5,288.29
Total 191,605.32
4. Characteristic of transaction: The transaction is short-term loan to be repaying
within a year supported by promissory note. Its
interest rate is fixed on the transaction date at a
higher rate than the banks' deposit rate. The
actual rates are varying between 4.75% to 5.75%
per annum.
Information on transactions between company and its subsidiary which the company's
holding is not exceeding 90% of the paid-up capital of the subsidiary.
Report date: 31 July 2001
1. Type of transaction: Short term loans to subsidiary which the company's
holding not exceeding 90%.
2. Parties: Between BEC World Plc. (lender) [BEC] and
TVB 3 Network Co.,Ltd.(borrower) [TVB 3]
Related: BEC has effectively 60% interest in TVB 3, through its
100% subsidiary BEC-International Distribution Co.,Ltd.
The other 40% is held by TVB Oversea Co., Ltd. [TVB]
a company in Television Broadcasts Limited (Hong Kong)
Group. TVB is not a connected person.
3. Transaction:
Transaction No. Transactions Date Amount of money (Unit : Thousand Baht)
1. 31 August 2000 500.00
2. 18 October 2000 500.00
3. 23 November 2000 1,200.00
4. 28 July 2001 500.00
Total 2,700.00
4. Characteristic of transaction: The transaction is short-term loan to be repaying
within a year supported by promissory note. Its
interest rate is fixed on the transaction date at a
higher rate than the banks' deposit rate. The rate
is 5.00% per annum.