Kwc 07

w

1 2 4 6 8 10 12 44 46 48 50

w

w

.

k

w

c

.

c

o

.

t

! "

"

#$ %" & !

' & %() & * !'

⌧ "

* !+ ,

# $ %

* -+⌫ "- $

h

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

/0 + 1 2 +

&

'()*+,-((.-+(

70 " +

80 + !+ 1 2 +

60 âŒŤ 2 (

& 2

&

& 0 1

30 4 25-

>0 ? @ )

A0 B

-((.-+(

-((.-+(

-((.-+(

-((.-+(

-((.-+(

& /

-((.-+(

& 6 7

& 6 #

90 " : 4( 4 âŒŤâŒŤ

<0 "= 4 (

/;0 2 "( âŒŤ+

-((.-+(

-((.-+(

-((.-+(

& 1 3

& 4 2 5 2

& 2 " 0 /

// 4 (

/70 2 "-

-((.-+(

-((.-+(

& 2

& " 0

0

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

⌫ ⌫ ⌫ ! " # ⌫ $%%& " '( ) * + +, , !- .⌦0 !1 2 34 5 ! # +, # 6# 2 7 2( ( 8 5 # 2 1" .1 " '( #1 9 ⌫.⌦0 "! - 9 , ! + 2: ! # ⌫ ! , ! " '( - 9 :!" 52 ( - 9".!1 :2 -1 7 , !- .⌦0 1 # +- 1 7 ; ⌫ 52 7 # ! <=>?@A@BC? DE=>?=> FG=GH?I?=> 9- - 9 ⌫ 1 (" 52 ⌫5 ! ⌫ ⌫ (0 5 #, ⌫ J K⌦ * + , ! - .⌦0 "! 1 # , 9 2 " -L 'M + ! 7 ! 2( ! 52 # - N1 ⌫ 2 1" 2 2 -29 !1 ⌫ $%%3 1 - N1 ( ( - L 2 " O -L 'M (M1- . - 9 ! 52 # 2 !-L 'M 2 21 ( 2 ! 7 ( *7 "52 2( ⌫ : .⌦0

# 2 ! ! 52 " +- 9 !1 (" - .⌦0 52 " #1 ! # .1 :"! 1 ⌫0 1( . ( .1 2 # 11 52 2 7 - L 9 ( , # ⌫ ( - 52 ( ( (0 ⌫ 0 + ! +- 7 ⌫ 2+" " '( ) ⌦ !1 ! + (6 (" (P ! 52 " - N 1 1" 1 ⌦ 1 : 7 .1 2: ! ! " ( ! 7 +- 1 # ⌫ -2N1 2 7 - 2 ⌫ ⌫ ( ( 52 - 21 (P "7 2 ! ⌫ :! * 1 2!1 (" L - " 7 ⌦ 2( " 2 52 +- 7 7 Q L8 1 L ⌫ .12 11 52 2 7 7 ( 78 , !2 11 - N1 "- '⌫ 1 7 2( .1.1" 7 (0 $ # ⌫ , ! 2 - 2 # - 9 52 ⌫ # # + " 52 L 7 # 2 !" '( ⌫ - " ⌫ ⌫ # ⌫ # 52 ⌫ $%%& " ' ( ⌫ 5 # (0 1 7 2 - 9 " 52 5 # (0 . "76 1 ( 5 2( - 9 5 2 7 7 ( 78 1 ⌫0 .1.1" 7 :!*N1 7! 2: ! :# ! 52 ( ⌫ ! # N152 (" 7 21 ⌫ ⌫ # 52 ( # - , ! + # ( - N 1 ! 8 - L, ! (P 1 # ( N 21 ,

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Message from Chairman V GI AW?GC?X >E B=YE@I ZE[ >SG> B= $&&\ >S? UEIAG=Z]C =?> A@EYB> B=U@?GC?X GC I[US GC 34 ^_ GW`?B> IGB=WZ X?@Ba?X Y@EI C?U[@B>B?C B=a?C>I?=>R bA?@G>B=H @?C[W>C EY C[`CBXBG@Z UEIAG=B?C GWCE BIA@Ea?X >E CEI? ?โ ง>?=>_ GC ?aBX?=U?X Y@EI >S? C>?GXZ H@Ed>S B= >S? =[I`?@ EY =?d U[C>EI?@C dSE >@[C>?X >S? UEIAG=Z >E IG=GH? G=X C>E@? >S?B@ `[CB=?CC XG>G G=X XEU[I?=>CR V= GXXB>BE=_ =?d `[CB=?CC a?=>[@? B= >S? YB?WX EY <=>?@A@BC? DE=>?=> FG=GH?I?=> SGC dE= dBX?@ @?UEH=B>BE=R eE=?>S?W?CC_ BIAGU> Y@EI ?UE=EIBU UE=XB>BE=C UG[C?X dG@?SE[CB=H G=X XEUfB=H `[CB=?CC aEW[I?C >E X?UWB=? CWBHS>WZR V= $&&g_ GAG@> Y@EI B=>?@=GW YGU>E@C_ >S? BIAGU> Y@EI >S? hT ?UE=EIBU U@BCBC BC WBf?WZ >E SGa? dBX?@ @?A?@U[CCBE=C W?GXB=H >E HWE`GW ?UE=EIBU CWEdXEd=R iBHS?@ @Gd IG>?@BGW G=X ?=?@HZ UEC>C dBWW GWCE >@BHH?@ A@BU? GXj[C>I?=>C YE@ YB=BCS?X A@EX[U>C G=X C?@aBU?C_ dB>S XB@?U> BIAGU> E= >S? @?CE[@U?C EY >S? UE=C[I?@CR b= >EA EY >SBC_ [=UW?G@ ABU>[@? EY XEI?C>BU A@EX[U>BE=_ ?โ งAE@>C G=X B=a?C>I?=>C dBWW IGf? `[CB=?CC ?=>?@A@BC?C ?a?= IE@? XBYYBU[W> >E UE=X[U>R V= aB?d EY U[@@?=> [=U?@>GB=>B?C_ >S? UEIAG=Z BC HBaB=H >EA A@BE@B>Z >E >S? X?a?WEAI?=> EY A@EX[U>C G=X C?@aBU?C >E IGโ งBIBk? U[C>EI?@ CG>BCYGU>BE= dB>SB= >S? Y@GI?dE@f EY ?YYBUB?=> IG=GH?I?=> EY EA?@G>B=H UEC>C_ C?W?U>Ba? B=a?C>I?=>C B= GAA@EA@BG>? IEX?@= >?US=EWEHZ_ G=X S[IG= @?CE[@U?C X?a?WEAI?=> >SG> BC UE=CBC>?=> dB>S >S? XB@?U>BE= EY `[CB=?CC H@Ed>S G=X UE@AE@G>? AEWBUZ @?HG@XB=H lEEX lEa?@=G=U? G=X m[CB=?CC <>SBUCR V >Gf? >SBC EAAE@>[=B>Z >E B=YE@I ZE[ >SG> >S? mEG@X EY nB@?U>E@C SGC GAAEB=>?X F@R o@[= DSB@GUSGaGWG GC <โ ง?U[>Ba? DSGB@IG=R pS? mEG@X GWCE GAAEB=>?X F@CR qG=fG=B>>G mEE=f@E=H_ G @?A@?C?=>G>Ba? EY >S? FB=BC>@Z EY rB=G=U?_ >E @?AWGU? F@CR qE@=ABIEW โ บ[@[`SG=X GC XB@?U>E@R F@R tBC[> uE=H>SE=HC@B SGC X?UBX?X =E> >E C??f @?v?W?U>BE= GC XB@?U>E@ G=X F@CR qE@=ABIEW โ บ[@[`SG=X SGC @?CBH=?X GC XB@?U>E@ [AE= S?@ @?>B@?I?=> Y@EI >S? FB=BC>@Z EY rB=G=U?R V >SG=f >S?I `E>S YE@ >S?B@ C?@aBU?C G=X UE=>@B`[>BE=C >E >S? mEG@X G=X >S? DEIAG=ZR FZ CB=U?@? >SG=fC G=X GAA@?UBG>BE= HE GWCE >E >S? CSG@?SEWX?@C_ U[C>EI?@C_ >@GX? AG@>=?@C G=X ?IAWEZ??C YE@ >S?B@ UE=>B=[E[C UEEA?@G>BE= G=X C[AAE@> X[@B=H >S? AGC> Z?G@R V WEEf YE@dG@X >E E[@ UE=>B=[B=H UEWWG`E@G>BE= B= A@EIE>B=H C[C>GB=G`W? X?a?WEAI?=> EY >S? pSGB =G>BE=R

F@R DSE>? TEASE=AG=BUS DSGB@IG=

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

⌫ !" #$ % $& ' () * + # ,

\) ,$+ ⌫]^+ _ & ]& ` & ⌫a ,$ \) % "a ⌫a JK b%( \ LNTc + 0 9 4 42 :

0 12 23456 :2; 7 3 2< = =40 8=>

7 8

d ⌫ LNNM \) ^+ ,$ T \ &] "a & & * \) % _e ,$ fa # JL \ &] g & e h & ` & # "a ) _e & + &i ` & % _e % _e & & ^

_e & & * ⌫ j ,⌫ ⌫a & a ^ ⌫\ ⌫ &` & + ` e & & & fa + !⌦& + ` e "a + ⌫a ' & # " ` +_ & & e ' , l ) _e *# +_ ( d & _e e ` & ( d ^+ fa + d ) + _ed# ⌫ # \ ⌫a & ⌫a # h & d# ^ ` *# +_e m# ]& ) \ + e" _e \ _ ,⌫ d ⌫ ⌫a % _e % ⌫` + *_e + ` ed & & & ⌫a # _e ,"a !" ^+ ⌫ \ \$ ( d * + _e_e # \ ⌫a & ⌫a ⌫ & ⌫ + # & #e )nl "a # & &' &d _e ⌫ h & #e * + _e ⌫a+⌫ ⌫a e +#e l_# & ^ *# +^

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Report of the Audit Committee A< Z72.87<D@8.4 <= o.?3O@786 Z<67<3 p?PD5C :<;623E q5;5>8@9

A754 0?@5> :<;;5>>88 B24 266<53>8@ 53 2CC<.@23C8 B5>7 >78 .84<D?>5<3 <= >78 C<;623EF4 G<2.@ <= H5.8C><.4 8==8C>5I8 =.<; -2E JK9 LMMN9 23@ C<;6.548@ >78 =<DD<B53O ;8;P8.4Q ! "# $ %& $ "!! $$ ' $ " ( ) $ * +$" "# $ %& $ "!! $$ ," !"- â˜ş% %/ & * +$" "# $ %& $ "!! $$ R3 LMMS9 >78 0?@5> :<;;5>>88 78D@ T ;88>53O4 2D><O8>78. >< C<345@8. 23@ .8I58B >78 C<;623EF4 =5323C52D 4>2>8;83>4 P8=<.8 >7848 4>2>8;83>4 B8.8 6.8483>8@ >< >78 G<2.@ <= H5.8C><.4/ A78 0?@5> :<;;5>>88 2D4< 78D@ JL 1<53> ;88>53O4 B5>7 >78 ;232O8;83> >< D54>83 >< >78 ;232O8;83>F4 68.=<.;23C8 .84?D>49 >< C<345@8. 23@ .8I58B I2.5<?4 2468C>4 <= >78 <68.2>5<34 <= >78 C<;623E 23@ 5>4 4?P45@52.5849 23@ >< .8I58B U?2.>8.DE 23@ 233?2D =5323C52D 4>2>8;83>4 53 2CC<.@23C8 B5>7 O838.2DDE 2CC86>8@ 2CC<?3>53O 4>23@2.@4/ R3 C<31?3C>5<3 B5>7 >78 ;232O8;83>9 >78 0?@5> :<;;5>>88 2D4< 24C8.>2538@ 4?==5C583> @54CD<4?.8 <= @2>2 2338⌧8@ >< >78 =5323C52D .86<.>49 53CD?@53O @54CD<4?.8 <= @2>2 2.5453O =.<; .8D2>8@ >.2342C>5<34 <. C<3=D5C> <= 53>8.84>4/ A78 0?@5> :<;;5>>88 2D4< C<345@8.8@ 23@ 266.<I8@ 53>8.32D 2?@5> 6D239 .8I58B8@ >78 .86<.>4 23@ 2?@5> .84?D>4 <= 53>8.32D 2?@5><.49 23@9 53 C<31?3C>5<3 B5>7 >78 ;232O8;83>9 24C8.>2538@ >72> 4?5>2PD8 .54W ;232O8;83> B24 53 6D2C8 23@ >72> <68.2>5<34 B8.8 C<3@?C>8@ 53 C<;6D523C8 B5>7 I2.5<?4 .?D84 23@ D2B49 53CD?@53O 48D8C>5<34 23@ .8C<;;83@2>5<34 C<3C8.353O 2?@5><.4F .8;?38.2>5<3/ H?.53O >78 624> E82.9 >78 C<;623E 23@ 5>4 4?P45@52.584 72@ 4?5>2PD8 23@ .8D52PD8 6.<C8@?.84 =<. 6.862.53O 23@ @54CD<453O @2>2 53 >78 =5323C52D 4>2>8;83>4/ R3>8.32D 4E4>8; >< C<3>.<D >78 <68.2>5<34 <= >78 C<;623E 23@ >< ;232O8 .54W4 B24 53 6D2C8 23@ 2@8U?2>8/ X8D2>8@ >.2342C>5<34 B8.8 @54CD<48@ 53 2CC<.@23C8 B5>7 84>2PD5478@ C.5>8.52 >< .8=D8C> ;232O8;83> >.23462.83CE 23@ <68.2>5<34 B8.8 53 2CC<.@23C8 B5>7 >78 6.53C56D8 <= Y<<@ Y<I8.323C8 24 @8>8.;538@ PE >78 Z><CW [⌧C723O8 <= A725D23@/

-./ 0.1 -232445.567839 :725.;23 <= >78 0?@5> :<;;5>>88

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

!" #$%&' () * + ,-./0 ⌫ ⌫ ! ⌫ "#$###$### % ⌫ & '( )*+ , ⌫ ) - . , / 01 !0 . , / ! 2 )#)3# % 4 5 #%6367%#8"9$ #%6367%9973$ #%6*7)%9)8)%+ 4 ' #%6367%#8"3 :;<=> ? =@ABCDEFCDEGEBGHI " ⌫ 2 23 2 ⌫ 6 2J 23 2 "45* 56⌫54 !% /4 - () * 2 ' 2K ! J 0 - ' 2K ⌫2 ' 2K 6 J& ⌫ 1 68$### ! ⌫ & '( )*+ , ⌫ ) - . , / 01 !0 . , / ! 2 )#)3# 4 5 #%6367%#8"9$ #%6367%9973$ #%6*7)%9)8)%+ 4 ' #%6367%#8"3 ⌫ ! ⌫ +$+##$### ⌫ 7 8!4 !% /4 - 9 :,3! )G 2 ' 2K ⌫ & ! 0 ⌫ )*3 , ⌫ ) - . , / 01 !0 . , / ! 2 )#)3# 6G 2 ' 2K '(! ⌫ & ! 0 ⌫ 3#+L) - ' 01 224 !0 ⌫ ! 2 )#"## 23 2 !" #4 !" %- () * M 0K , ! ' ⌫ & '( N )*+ , ⌫ ) - . , / 01 !0 . , / ! 2 )#)3# 4 5 #%6*7)%3++* 4 ' #%636*%7#77 ⌫ ! ⌫ )##$###$### 4 !" %- -! ; ! ⌫ & ! 0 ⌫ ))L) -

% ' O, (!O K 4 P 1 Q !R ! 63)3# 4 5 S#9*T +779"+%7 4 ' S#9*T +779"* 44 -! < /= /-2 ;" ⌫2/, / 5, M S ! 5U T ( R & 3$ "%7 2 ! 5U ! 0 ⌫ "6 - R O ! 01 2 ! ! V )#))# 4 5 #%6668%6### 4 ' #%6"+3%+"38 > % ?.⌫ / ?-7 G 1 R O ! ⌫ ( '( G1 R '4WW ! ' ! 0 ⌫ +)*L9 2 O / ⌫ R & 7 - ! 01

⌫ !0 1 ! V )#99# 4 5 #%66+#%#"93$ #%66+6%6*"#$ #%66++%6+)*$ #%66+3%*9*"%7 4 ' #%66+3%)6)#$ #%66++%6+)* ⌫ ⌦ - A, -2 '( . R & 3 2 ! 5 1!1 ! 0 ⌫ 6L3 - 1 01

⌫ !0 1 ! V )#99# 4 5 #%66+6%)6"#$ #%6"++%#7)) 4 ' #%66+6%))#3$ #%6"++%#7#*

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

BC D E F G H I JKC E L EC MIN O D E F P K D<X YZ[=XHZYZ\ D=HI < E<]=H<> BA ^<IH "# ;=>>=B@G _IZ EB;]<@` =@aZXHX =@ >=XHZ\ XHBECX =@ _IZ bZEcY=H=ZX :โ งEI<@[Z BA _I<=><@\ <@\ DBc>\ EB@X=\ZY \ZaZ>B]=@[ =HX ><@\ ABY eZHHZY ]YBA=H<e=>=H`G fBE<H=B@ ? )*+ gBB ) h<HecY<@< hB<\$ iD<@[ ^<@[]<CBC$ iIZH h<HecY<@<$ ^<@[CBC )#)3# _Z>Z]IB@Z ? #%6367%#8"9$ #%6367%9973$ #%6*7)%9)8)%+ j<EX=;=>Z #%6367%#8"3 :;<=> ? =@ABCDEFCDEGEBGHI BC LINQ K F D E Q G H5R5D5 R C IQ D E F P K D<X YZ[=XHZYZ\ D=HI < E<]=H<> BA ^<IH +G+ ;=>>=B@G kH =X >=EZ@XZ\ HB B]ZY<HZ D<YZIBcXZ ecX=@ZXXG fBE<H=B@ ? )*+ gBB ) h<HecY<@< hB<\$ iD<@[ ^<@[]<CBCG iIZH h<HecY<@<$ ^<@[CBC )#)3# _Z>Z]IB@Z ? #%6367%#8"9$ #%6367%9973$ #%6*7)%9)8)%+ j<EX=;=>Z #%6367%#8"3 R C IQ G )G ^<@[]<CBC )*3 gBB ) h<HecY<@< hB<\$ iD<@[ ^<@[]<CBC$ iIZH h<HecY<@<$ ^<@[CBC )#)3# 6G b<;Y<Z 3#+L) _<CX=@ hB<\$ iD<@[ ^cCC<>B$ iIZH _IB@ecY=$ ^<@[CBC )#"## H I JKC E S OI D E F P K D<X YZ[=XHZYZ\ D=HI < E<]=H<> BA ^<IH )## ;=>>=B@ HB ]YBa=\Z \BEc;Z@H XHBY<[Z <@\ \BEc;Z@H ;<@<[Z;Z@H XZYa=EZXG fBE<H=B@ ? )*+ gBB ) h<HecY<@< hB<\$ iD<@[ ^<@[]<CBC$ iIZH h<HecY<@<$ ^<@[CBC )#)3# _Z>Z]IB@Z ? #%6*7)%3++* j<EX=;=>Z #%636*%7#77 R C IQ G T JE U J fBE<H=B@ ? ))L) gBB ) l=;]<%b<@]c\<X hB<\$ b<@]c\<X$ ^<@]IB$ mI<EIBZ@[X<B 63)3# _Z>Z]IB@Z ? S#9*T +779"+%7 j<EX=;=>Z ? S#9*T +779"* V O G V J Q _I<=><@\ bZEcY=H=ZX nZ]BX=HBY` mBG$ fH\G 3$ "%7HI j>BBY$ _IZ bHBEC :โ งEI<@[Z oA _I<=><@\ ^c=>\=@[$ "6 h<HEI<\<]I=XZC hB<\$ i>B@[HBZ`$ ^<@[CBC )#))# _Z>Z]IB@Z ? #%6668%6### j<EX=;=>Z ? #%6"+3%+"38 WIK nYG p=Y<EI q]I=;ZHZZH<;YB@[ nYG p=Y<EI r qXXBE=<HZX +)*L9 l<@c@ZZ ^c=>\=@[$ hBB; 7#) j>BBY 7HI$ l>BZ@EI=H hB<\$ ^<@[CBC )#99# _Z>Z]IB@Z ? #%66+#%#"93$ #%66+6%6*"#$ #%66++%6+)*$ #%66+3%*9*"%7 j<EX=;=>Z ? #%66+3%)6)#$ #%66++%6+)* P J WKX Q nI<Y;@=H= f<D oAA=EZ 3HI j>BBY$ s<= fZYH _BDZY 6L3 t=YZ>ZXX hB<\$ fc;]I=@=$ ^<@[CBC )#99# _Z>Z]IB@Z ? #%66+6%)6"#$ #%6"++%#7)) j<EX=;=>Z ? #%66+6%))#3$ #%6"++%#7#*

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

(''+

3

('2,

3

('2.

3

⌫

⌫

!"#$%& #

$ %

&'()*(+

&++

&*,)*-.

&++

&&/)('(

&++

' ()*#+ ( ,( -. !(

/

(+)''&

&2

&-)--.

&*

&2)((-

&(

⌫ ⌫

- , 0⌫ + ( 0$ 1

(''+

('2,

('2.

1 ( 2( '3 !

(

/

/

/

1 ( ⌫ 1 !"#$%& #

(

/

/

/

1 ("31 04 "#$%& #

5

/

/

/

1 ("31 04 +(,

5

/

/

/

1 (,.6 7

5

/

/

/

,.6 1 #

0(

/

/

/

! 8 "31 #

0(

/

/

/

5

/

/

/

1 (,( + ( ! 8 "3

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

! "# (++-

3

(++/

3

(++'

3

9:;;<=> KEE<E>E

CB>@W KEE<E>E

CB>@W XA@GAWA>A<E

RS@;<SBWV<;EY HI:A>J

45 6 7 ! 8

&'()*(+

&++

&*,)*-.

&++

&&/)('(

&++

CB>@W ZQ<;@>A=[ Hโ งQ<=E<E

/

(+)''&

&2

&-)--.

&*

&2)((-

&(

9:;;<=> XA@GAWA>A<E

M=><;<E> Hโ งQ<=E<E 9 : 5

(++-

(++/

(++'

9:;;<=> ?@>AB

CAD<E

/

/

/

F<G> >B HI:A>J ?@>AB

CAD<E

/

/

/

?<>:;= B= HI:A>J

5

/

/

/

?<>:;= B= KEE<>E

5

/

/

/

L<> M=NBD<

5

/

/

/

O;BPA> Q<; RS@;<

T@S>

/

/

/

F<UAV<=V Q<; RS@;<

T@S>

/

/

/

5

/

/

/

O@JB:> ?@>AB

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ÅѡɳСÒûÃСͺ¸ØáԨ ⌫ ⌫ ⌦ ⌫ ⌫ !"# $% &' ( )$ " # ⌫# ⌦ $% ⌫ ⌫ ! *+ , - # . # !"# ( )$ * /. # ! ⌫ 0 ' " ⌫ $ ⌫ ! # , - .1 # $% /. # !, - ⌫ ' 2 1 * / 3'$45 ' 36 !- " # ⌫4 # # ⌦+ , -!- & 1 , # ⌦+ ! " " ⌫ $ % & " '( 7 8* . ⌫ !"# - 9: ;;;; . ! - ⌫ < < , !-) & $ -4 ( 6 $% $ & 1 , = 8* . # . # !"# - 99 99:> . ! - ⌫ 7;; , !-) & $ -4 ( 6 $% $ & 1 , ? . ! - ⌫ 1 # 6, $ - 2) ⌫ ⌫& " ⌫ * $ -4 ( 61 , '$ $ & ! )* +*,⌫ ) )- $ -# /. # ! # ⌦ ' 5 1 * ) . # !# # # 5 # - 3 ( 6 * # @ # , - '# )$ ( *+ ⌫ * #% , - ⌫ * " 8 ! ) ! $ -# /.# ! @ # # ' # , - # # @ # * %#4 # 6 ABCDEFGHI JKLMFE DHNOKP ⌫ - # ', ⌫ " ⌦ 8⌦ $ !! ⌫ ⌫& # - 1 # ⌫# 1 ! $% + 1 ⌫, ,& , - ⌫# ( - 4 4 ⌫ 24 ( BCDEFGHI , - - QKILCNH " - #, - & " 01 % # , -! 1 1

) - ( 4 ) # . - - ? $R m )

S TU! - V!

WXXO

WXYZ

WXY[

⌫ !"#

9: ;;;;

=? ??

=> ?n

?< ;n

@ # #

# . # !"#

99 99:>

nn <<

n= q>

n7 79

# .

# . 4 53 !"# A ( P

l

7; 7=

7; 7>

? ><

NOO

NOO

NOO

P $ Q%R

$R =<q9 ⌫ ) ! ## $ -# /. # ! - =? , -/. # ! @ # # - n> A! # ' !", # 1 /. # ! 1.$ -# # =;P

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

Business Operation ./0123456 786481 90:;<= >8?6@1A B<?<C53* B@13 35D5;86?@1C S TUH VKWN XKY CIOZOWKVV[ CXWHN J[ GUH LCDEKW[ XUOVH GUH XKIHUCFYH VCLKGHN CW YFLU VKWN UKY JHHW IHWGHN GC \ ] B ]KIHUCFYH BC ^ _GN ^ K YFJYONOKI[ LCDEKW[ `NNOGOCWKV VKWN EVCG UKaH JHHW KLbFOIHN KWN IHWGHN GC \IFWZNUHE cCLFDHWG BC ^ _GN ^ YFJYONOKI[ LCDEKW[ dCI dFIGUHI JFYOWHYY CEHIKGOCW eCYG Cd GUH LCDEKW[fY VKWN KIH OW K NHaHVCEHN KIHK YC GUHIH UKY JHHW K LUKWZH dICD XKIHUCFYH KWN OWNFYGIOKV KIHK GC JFYOWHYY KWN IHYONHWGOKV KIHK `dGHI GUH EFJVOL FGOVOGOHY KIH EICEHIV[ EICaONHN^ GUHIH XCFVN JH KW KDEVH CEECIGFWOG[ KWN JHGGHI IHGFIW CW OWaHYGDHWG E1D5FC?51C <1 F0:F<3<@/<5F @13 =8?6@1<5F ;<FC53 <1 75=0/<C<5F G⌧=4@125 8I J4@<;@13 7 TUH LCDEKW[ UKY OWaHYGHN OW 9: ;;;; gHILHWG Cd GUH IHZOYGHIHN LKEOGKV Cd < < DOVVOCW JKUG Cd \ ] B ]KIHUCFYH BC ^ _GN ^ K YFJYONOKI[ LCDEKW[ cOaONHWNY KIH H⌧EHLGHN dICD GUH YFJYONOKI[ = TUH LCDEKW[ UKY OWaHYGHN OW 99 99:> gHILHWG Cd GUH IHZOYGHIHN LKEOGKV Cd 7;; DOVVOCW JKUG Cd \IFWZNUHE cCLFDHWG BC ^ _GN ^ K YFJYONOKI[ LCDEKW[ cOaONHWNY KIH H⌧EHLGHN dICD GUH YFJYONOKI[ ? TUH LCDEKW[ UKY OWaHYGHN OW YHaHIKV LCDEKWOHY VOYGHN OW GUH iGCLM j⌧LUKWZH Cd TUKOVKWN XOGU ZCCN CEHIKGOWZ IHYFVG cOaONHWNY KIH H⌧EHLGHN dICD YFLU OWaHYGDHWG .*K*>* K@/5480F5 >8*L BC3*L @ F0:F<3<@/A =8?6@1A kG OY OWaCVaHN OW K XKIHUCFYH JFYOWHYY YFEHIaOYHN FWNHI GUH XKIHUCFYH IHbFOIHDHWGY Cd GUH kWGHIWKV TIKNH cHEKIGDHWG^ eOWOYG[ Cd BCDDHILH TUH JFYOWHYY OWaCVaHN OWLVFNHY K XKIHUCFYH YHIaOLH KWN XKIHUCFYH YEKLH IHWGKV YHIaOLH XUOVH GUHIH OY K XUKId KaKOVKJVH dCI VCKNOWZ KWN FWVCKNOWZ ./0123456 M8=0?@1C >8*L BC3*L @ F0:F<3<@/A =8?6@1A kG OY OWaCVaHN OW K NCLFDHWG XKIHUCFYH JFYOWHYY^ NCLFDHWG KWN OWdCIDKGOCW DKWKZHDHWG YHIaOLH KWN LCDEFGHI JKLMFE DHNOK YGCIKZOWZ YHIaOLH XOGU YFEHIaOYOCW Y[YGHD NHYOZWHN XOGU KXKIHWHYY CW ODEKLG GCXKINY NCLFDKWGY `W OWYEHLGOCW Y[YGHD UKY JHHW Y[YGHDKGOLKVV[ KIIKWZHN XOGU KON dICD GUH OWdCIDKGOCW GHLUWCVCZ[ Y[YGHD^ LCDEFGHIY KWN JKIlLCNH Y[YGHD GC dKLOVOGKGH GUH XCIM KWN GC IHNFLH GUH DOYGKMH TUH DKOW dCLFY OY CW IKEON YHKILU KWNCWlGODH NHVOaHI[ E1=8?5 FC/0=C0/5 % Revenue

75/D<=5F

>8?6@1A \@?5

]KIHUCFYH

\ ] B ]KIHUCFYH BC ^ _GN

cCLFDHWG YGCIKZH

\IFWZNUHE cCLFDHWG BC ^ _GN

kWaHYGDHWG KWN _KWN cHaHVCEDHWG

\IFWZNUHE iCEUCW gB_

S74@/548;3<12 FC/0=C0/5

WOO]

WOO^

WOOX

9: ;;;; 99 99:> l

=? ?? nn << 7; 7=

=> ?n n= q> 7; 7>

?< ;n n7 79 ? ><

NOO

NOO

NOO

kW =;;>^ OWLCDH dICD ]KIHUCFYH iHZDHWG =?m KWN cCLFDHWG iGCIKZH iHZDHWG n>m AiHH oOWKWLOKV OWdCIDKGOCW J[ JFYOWHYY YHZDHWGY pC =;P

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡ÒÃ

! " # $ % & #⌫( )* + & , )-- . ? )? J? I? -? L? >? *? H? ?

@A # & B CD @ E F +

, M#$ E F D . # & & N A ⌦(

⌫ CPN%$ @D @A # M#$Q N E F D .

D ⌫ CPN%$ @D

D CPN%$ @D

@" CPN%$ @D $"? ? ? Q MP @R @ &

@ @& % M ⌫ +& D

!"# $% G# G# G# G# G# G# G# G# G# G#

)*+ , &' ( -⌫&' ( /⌫!%-0% 12!⌫ ,-"3, /4

HIJKL* -J K - KLL> JJ*K> H J LK >IK)L > KJ)J -)KII I K )LK

-?>J *?*J *?JL -?L-?)> )?H )?*L )?-I )?JJ )?

#⌫( M @ & ?-S E & J ,@FMQT >*?I-S #⌫( G M @ ?-S E & )*H ,@FMQT ) ?--S

, 1 1'1"54 6)1%&1 7⌫ 899: )"11 1'1"54 6)1%&1 -⌫ 4⌫+ ,5 %;"- 1 ,2-<=!>? &'1"4 @/ A @A # ⌦ ,& PE, E F " @ #⌫(F⌫ M$ MQT Q #⌫( ⌫,& PE, FEM @ + @ #⌫( ( " MQT

$ k R

#⌫(P MP @ FEM @

⌫Q P@#+@N $ " M$@( Q P@#+@ " MP @ P ,& MD ( ( " # " , , ,

$

M ⌫( & # !( & # k P & P , " P@( &F" CF ⌦F " PE, E F " @ #⌫(F⌫F ⌫k?l &F#⌫( P@#+@

&F#⌫( ) Qm@ @ M# M#⌫

&F#⌫( J # # ⌫P & GF MP⌫ &F#⌫( I MQ@FM " " ,& CQ P &F#⌫( - ,& @FD ,%

1 7B%5"$%$ / )"11 1'1"54 6)1%&1 -⌫ 4⌫ /(4-⌫ C !%-0%+ , CD 1 $ * "1 ⌦,F( /!'F"#G !%-0%+ ,

,% ⌦ ,& PE, @A # #⌫( ⌫P@#+@ MQT M ⌫P@#+@ FP@ M ⌫( & MQ"⌫( Q" #⌫(PE, " ⌫ E

,& , @A #CF

# ,% n⌦( GF M" k M #E #⌫( # @A # ⌫

C ,& PE, P@#+@ # M# M#⌫ MQT + " MQT GQ E F o #⌫(M ⌫( & D P@#+@$ k R

MD P@#+@ M & Q D P@#+@ n k C P@#+@GF &P " @ P@#+@ ⌫P & EG @ GF Q Qk , , " P P P MP @ P D P@#+@GF M T #⌫( @F P " D P@#+@ M ( p @A #GF FM #⌫( " # P $ + G& F' / " " # " M $ &P " p @A ## h1=l7Y:1 q hhh?\h<?<5?:0 F &

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Shareholders and Management

/01 23456 703610589167 3: )* ;1<12=16 ) >

? )? J? I? -? L? >? *? H? ?

U3:3V3 W05:1 W5?K X:9? Z3V[\5\ Z3V\ ]WX? ^3_`a3\ b`V9 c67? Z55V76Y d5a05Va3VY<0 Z3V[\5\ eV7`63V<1 ]WX? c6? W03:6Y d5a05Va3VY<0 c6? W036V d5a05Va3VY<0 c6? f3=YV d5a05Va3VY<0 ]58?g1V?]63716: f`4Y63h5V[ c67? dY6Yh3V /Y3V[:3h3:

/03Y

HIJKL* -J K - KLL> JJ*K> H J LK

/03Y

>IK)L

-?>J *?*J *?JL -?L-?)>

/03Y

> KJ)J -)KII I K )LK

)?*L )?-I )?JJ )?

/03Y /03Y /03Y /03Y

/03Y /03Y /03Y

)?H

d03610589167 h05 0589 70361 2561 :03V ?-S i J a1675V7 >*?I-S 5j 703617 Y77`19?. d03610589167 h05 0589 70361 8177 :03V ?-S i )*H a1675V7 ) ?--S 5j 703617 Y77`19?.

H I J K L M N I I O I J J K

f138YrYV[ :01 Y2a56:3V<1 5j g559 g5s16V3V<1 37 3 \1_ j3<:56 YV 7`7:3YVYV[ =`7YV177 1V:16a6Y717K 3V9 :01 j5`V93:Y5V j56 5Vl[5YV[ 1jj56:7 :5 a6525:1 56[3VYr3:Y5V38 1jjY<Y1V<_ 3V9 a659`<:YsY:_K 3V9 :5 j57:16 <5VjY91V<1 325V[ 703610589167K YVs17:567K <`7:52167K :639YV[ a36:V167K 12a85_117 37 h188 37 388 6183:19 a36:Y17K YV<8`9YV[ 75<Y1:_ 3V9 :01 1VsY65V21V:K :01 <52a3V_ 037 395a:19 :01 j5885hYV[ a6YV<Ya817 5j g559 g5s16V3V<1ql W3:1[56_ d03610589167t 6Y[0:7 W3:1[56_ ) uv`Y:3=81 :613:21V: 5j 703610589167 W3:1[56_ J d:3\10589167t 65817 W3:1[56_ I ;3:3 9Y7<857`61 3V9 :63V7a361V<_ W3:1[56_ - w<<5`V:3=Y8Y:_ 5j :01 Z5369 5j ;Y61<:567

PQI Q R J J K I H N C O N

CD S N T N QI R O N

/01 Z5369 5j ;Y61<:567 6138Yr17 :01 Y2a56:3V<1 5j :01 <52a3V_t7 703610589167 h05 03s1 :01 6Y[0: 5j 5hV1670YaK :01 6Y[0: :5 23\1 91<Y7Y5V7 5V 23456 <03V[17K 3V9 :01 a5h16 :5 <5V:658 :01 <52a3V_ :065`[0 :01 Z5369 5j ;Y61<:567 h05 03s1 =11V 181<:19 :5 3<: 5V :01Y6 =1038jK :01 <52a3V_ 037 395a:19 :01 a58Y<_ 5j [YsYV[ 1v`38 Y2a56:3V<1 :5 :01 6Y[0: 5j 1s16_ 70361058916 YV 3<<5693V<1 hY:0 :01 a6YV<Ya81 5j 1v`38Y:_K j3Y6V177 37 h188 37 :01 6181s3V: 83h7 56 61[`83:Y5V7? d03610589167t =37Y< 6Y[0:7 7`<0 37 :01 6Y[0: :5 a36:Y<Ya3:1 YV 703610589167t 211:YV[7K :01 6Y[0: :5 =`_x7188x:63V7j16 703617K :5 5=:3YV 391v`3:1 =`7YV177 YVj5623:Y5VK 56 :5 61<1Ys1 3 70361 5j =`7YV177 a65jY:K hY88 =1 a65:1<:19 3V9 703610589167 hY88 =1 1V<5`63[19 :5 1โ ง16<Y71 :01Y6 6Y[0:7 :5 :01 j`8817: 1โ ง:1V:? /5 j3<Y8Y:3:1 <5V:3<: 3V9 1Vv`Y6_ 61[369YV[ 703610589167t 6Y[0:7 YV s36Y5`7 23::167K :01 <52a3V_ 037 3aa5YV:19 3V eVs17:56 f183:Y5V7 zjjY<16 h05 hY88 3V7h16 v`17:Y5V7 j652 703610589167 3V9 YVs17:567? ^36Y5`7 YVj5623:Y5V 3V9 93:3 5j :01 <52a3V_ 361 3875 a`=8Y<Yr19 5V h1=l7Y:1q hhh?\h<?<5?:0

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà ⌫ ! ⌫ " # $ ⌦ $ $ &'

⌫ !( ) * + ( " ,*, $( $ $ * + *⌦$, ! ⌦$ $ &' . $ ,

# $ ( ⌫ /"# ⌫ . . 0 +12&' ⌫ , 3" . 4 ⌫ * ⌫ # . # $ )⌫#$) ' $ ) ( " ,*'$ ( ⌫ & "$ &' 5 &'

⌫ .6 , & 5⌦ $ $ , $ " $ ' $( * 3" * 7 ( ( $- ⌫ . 8 3" " " $ ⌫97 : ! " + . 8 '$ ( " ' ⌫ &' " .⌫#. &' . 8 * &* $(' " ' )#2& $ 43 # ) , 3" . ⌫ ! # $% & " ' &' ⌫ ,

3" /"#$ # , ⌫ ;<<= . 8 " ! $7 ⌫ >? , ) ⌫ ;< 8 # ;<<= ' >>9?= 9 + $ 8 / $&

+ 1⌫# $42 & $ ⌫ ) # (. $ 9 5⌦ $ ,

3" /"# " '! ( ) " $ . ' " ) '&' . ) * + , &( ' 3" #&) ' $ 3 , @AB:CDEA F @@@9G@H9HI9EJ $. 8 * " $ &' * $ , ⌦$ ' $ 3 # >< 3 " #( $ ⌫ $ ! ,

.6 , ⌫

& 3" /"#. 8 3" * " $ $ .6 ( &.. ⌫ $) + #2 " 3 , ) 7$'$ 4. ' " , . $ $ ) )2 # ' ? ( "( ' $ , ⌫ ;<<= . 8 '$ 4 $ $ ) )2, ⌫ ;K:?= ⌫ ;<<= 3 # ? *! # $% & ( )⌫$ ( " , L . 8 3" * " * ⌫ ( .&' # " , 3" '$ .⌫# ' $ ' 3 # ; / $ . 8 3" . ' $ 3 , $ ) ( 2 , '$ .⌫# 3 " # " &' ( $ ,! &- ./ 0( 0 & %

1 ⌫2 " , ( &' . " . $* 7$ ⌫7 ) ⌫7&*$ 5 ( $- $ 7$ . , & , $ ⌫ /# 2& . 8 5⌦ $ 3" .

* # $"⌫ . # 4 $

⌫ $&'

⌫ &

⌫ $ 2* ⌫ . 8 $ , $ " # ⌫" $ ' , ! 7$ ⌫ >? ⌫ " #( $&'

.6 , & * ⌦$ ?M?NOM?NP " <N9>N Q $ * ! ⌫ * #3" &' 7$ "

& ⌫2 3 )/4 4 $ ⌫$ / , R ⌫ # * $. 8 ##

⌫ , R ⌫# . 8 *⌦$ /#. #, ⌫ * ." &', ⌫ S . ( ( # 7$ ⌫ . ⌫ 3 . &' ( $ 4 # $ ⌫# &' &' 3 ( ' +12 $ 0 # 5⌦ $3 )⌫#$ 6) , $ $ 7 $ 7 ) 7 R $ ⌫ 3" ' 3 $( &' 7 &( 3" ⌦$ S . ( ( # $ ⌫# , " &' , 'T #, , 3 /"# .&' 3 ⌫#. &' , &' . " # ' ⌫ # . 3" ⌫# ) 7 $

"&# $ $ ' /# 2" #

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

Shareholders and Management 567 89:6; ;< =>8;9?9=>;7 9@ A6>876<BC78DE F77;9@:D

UVWEDHDXVEDIY DY CJVWAJIZ[AWC\ ]AAEDY^C DC V _`Y[V]AYEVZ WD^JE I_ CJVWAJIZ[AWC VY[ JVC CD^YD_DHVYE D]XVHE IY EJA AYEAWXWDCA\C [AHDCDIY ]VGDY^ XWIHACCM JAYHA EJA aIVW[ ^DbAC [`A D]XIWEVYHA EI EJA WD^JE EI XVWEDHDXVEA DY cJVWAJIZ[AWC\ dAAEDY^C VY[ AYHI`WV^AC CJVWAJIZ[AWC EI A⌧AWHDCA EJADW WD^JE EI XVWEDHDXVEA DY CJVWAJIZ[AWC\ ]AAEDY^C EI EJA _`ZZACE A⌧EAYE9 cJVWAJIZ[AWC JVbA EJA WD^JE EI BA DY_IW]A[ I_ W`ZACM WA^`ZVEDIYC VY[ ]AEJI[C _IW XVWEDHDXVEDY^ DY C`HJ ]AAEDY^C VY[ EI WAHADbA EJA YAHACCVWf [VEV VY[ DY_IW]VEDIY WAZVEDY^ EJA ]AAEDY^ V^AY[V XWDIW EI EJA ]AAEDY^C CI EJVE EJAf @DZZ BA XWAXVWA[ EI HVCE EJADW bIEACM EI A⌧XWACC IXDYDIYC IW XICA g`ACEDIYC EI [DWAHEIWCM VY[ EI A⌧AWHDCA EJADW WD^JE EI VXXIDYE IEJAW XAIXZA VC XWI⌧f9 hJA HI]XVYf\C XIZDHf EI AYHI`WV^A CJVWAJIZ[AWC EI A⌧AWHDCA EJA VBIbA]AYEDIYA[ WD^JEC DC HZAVWZf AbD[AYE _WI] EJA bVWDI`C XWIHA[`WAC @JDHJ JVbA BAAY V[IXEA[ VC _IZZI@CF ! G@@<H@?9@: @7ID <J A6>876<BC78DE K77;9@:D ;68<H:6 =HLB9? F7C9>" @JAY EJA aIVW[ JVC WAVHJA[ V `YVYD]I`C [AHDCDIY WA^VW[DY^ EJA [VEAM ED]A VY[ XZVHA I_ EJA ]AAEDY^ VY[ JVC [AEAW]DYA[ EJA V^AY[V I_ EJA ]AAEDY^CM EJA HI]XVYf CJVZZ YIED_f EJA cEIHG i⌧HJVY^A I_ hJVDZVY[ CI EJVE EJA YA@C HVY BA WAZAVCA[ D]]A[DVEAZf EI CJVWAJIZ[AWC9 ! M<@N7@97@?7 9@ 7⌧78?9D9@: ;67 89:6; ;< >;;7@C F77;9@:D" EJA [VEAM ED]A VY[ XZVHA I_ EJA ]AAEDY^ ]`CE BA HIYbAYDAYE VY[ AVCf _IW CJVWAJIZ[AWC EI XVWEDHDXVEA9 jIW A⌧V]XZAM DY ;==PM EJA HI]XVYf CHJA[`ZA[ EJA >?EJ kW[DYVWf dAAEDY^ I_ cJVWAJIZ[AWC IY lXWDZ ;<M ;==P VE >>9?= V]M DY EJA mVYCV nII]M dIYEDAY mIEAZM c`WV@IY^CA n[9M cWDXJfV XWAHDYHEM aVY^WVG [DCEWDHEM aVY^GIG9 hJDC VWWVY^A]AYE ]V[A DE HIYbAYDAYE _IW CJVWAJIZ[AWC EI HI]A VY[ A⌧AWHDCA EJADW WD^JE EI XVWEDHDXVEA DY EJA ]AAEDY^9 '! P8<N9C9@: C>;> ;< DH==B7F7@; ;67 F77;9@: >:7@C>" YIED_DHVEDIY I_ EJA ]AAEDY^ EI^AEJAW @DEJ [VEV VY[ [IH`]AYEC WAZVEDY^ EI EJA V^AY[V DEA]C VWA VZCI [DCEWDB`EA[ DY V[bVYHA IY EJA HI]XVYf\C @AB:CDEAF @@@9G@H9HI9EJ BA_IWA [IH`]AYEC VWA CAYE I`E EI CJVWAJIZ[AWC9 oIH`]AYEC CJVZZ BA [DCXVEHJA[ EI CJVWAJIZ[AWC YI ZACC EJVY >< [VfC BA_IWA EJA [VEA I_ EJA ]AAEDY^9 p_ CJVWAJIZ[AWC VWA `YVBZA EI VEEAY[ EJA ]AAEDY^ DY XAWCIYM EJAf VWA DYbDEA[ EI V`EJIWDqA VXXWIXWDVEA XAWCIYC EI VEEAY[ EJA ]AAEDY^ IY EJADW BAJVZ_9 pY V[[DEDIY EI VEEVHJDY^ V XWI⌧f _IW] VXXWIbA[ Bf EJA dDYDCEWf I_ rI]]AWHA EI BA CD^YA[ Bf CJVWAJIZ[AWC @JI VWA `YVBZA EI VEEAY[ DY XAWCIYM EJA HI]XVYf YIW]VZZf XZVHAC YA@CXVXAW V[bAWEDCA]AYEC IY ? HIYCAH`EDbA [VfC EI VYYI`YHA EJA ]AAEDY^ CHJA[`ZAC9 UWDIW EI EJA ]AAEDY^ DY ;==PM YA@CXVXAW VYYI`YHA]AYEC @AWA ]V[A YI ZACC EJVY ? [VfCM YV]AZfM IY dVWHJ ;K:?=M ;==P9 *! M<@N7@97@; =87Q87:9D;8>;9<@" kY EJA [Vf I_ EJA ]AAEDY^M EJA HI]XVYf\C I__DHAWC CEVY[ WAV[f EI @AZHI]A VY[ VCCDCE CJVWAJIZ[AWC @JI @DCJ EI XWA:WA^DCEAW YI ZACC EJVY ; JI`WC BA_IWA EJA ]AAEDY^9 lC CJVWAJIZ[AWC\ [VEV VWA VZWAV[f CEIWA[ DY EJA HI]X`EAWM EJA WA^DCEWVEDIY XWIHACC DC CXAA[f VY[ VHH`WVEA9 ,! A6>876<BC78D >87 :9N7@ <==<8;H@9;R ;< >DS TH7D;9<@D >@C 7⌧=87DD ;6798 <=9@9<@" oDWAHEIWC VY[ JD^J ZAbAZ A⌧AH`EDbAC VEEAY[ kW[DYVWf dAAEDY^C I_ cJVWAJIZ[AWC EI I__AW HZVWD_DHVEDIYC VY[ WACXIY[ EI bVWDI`C g`ACEDIYC _WI] CJVWAJIZ[AWCs EJAf VZCI AYHI`WV^A CJVWAJIZ[AWC EI XWIXICA WAHI]]AY[VEDIYC DY ]VEEAWC EJVE BAYA_DE EJA HI]XVYf @JDHJ IBEVDY ^II[ HIIXAWVEDIY _WI] CJVWAJIZ[AWC9 hJA WAZV⌧A[ VY[ _WDAY[Zf VE]ICXJAWA I_ EJA ]AAEDY^ [WA@ HWAVEDbA WAHI]]AY[VEDIYC _WI] CJVWAJIZ[AWC9 lC V WAC`ZE I_ EJA VBIbA]AYEDIYA[ ]AEJI[ EI AYHI`WV^A CJVWAJIZ[AWC EI A⌧AWHDCA EJADW WD^JECM XVWEDHDXVYEC @JI VEEAY[A[ EJA >?EJ kW[DYVWf dAAEDY^ I_ cJVWAJIZ[AWC IW VXXIDYEA[ XWI⌧f EI VEEAY[ EJA ]AAEDY^ IY EJADW BAJVZ_ VHHI`YEA[ _IW ?M?NOM?NP CJVWACM Ag`DbVZAYE EI <N9>N Q I_ EJA EIEVZ Y`]BAW I_ IW[DYVWf CJVWAC DCC`A[9

M>;7:<8R UTH9;>LB7 ;87>;F7@; <J D6>876<BC78D

pY EJADW HVXVHDEf VC I@YAWC I_ EJA HI]XVYfM VZZ CJVWAJIZ[AWC CJVZZ JVbA Ag`VZ WD^JE VC CJVWAJIZ[AWC DY AbAWf WACXAHE9 pE DC EJAWA_IWA EJA HI]XVYf\C XIZDHf EI IbAWCAA VZZ CJVWAJIZ[AWCM DYHZ`[DY^ A⌧AH`EDbA IW YIY:A⌧AH`EDbA CJVWAJIZ[AWC I_ EJA HI]XVYf IW _IWAD^Y CJVWAJIZ[AWCM EI AYC`WA Ag`VZ VY[ _VDW EWAVE]AYE VC @AZZ VC HI]XZDVYHA @DEJ ZV@C HWDEAWDVM YIE IYZf DY WA^VW[ EI XWIEAHEDIY I_ EJA VBIbA]AYEDIYA[ BVCDH CJVWAJIZ[AWC\ WD^JECM B`E VZCI DYHZ`[DY^ Ag`VZ EWAVE]AYE VE CJVWAJIZ[AWC\ ]AAEDY^CM DYEAWYVZ [VEV HIYEWIZ EI AYC`WA EJVE EJAf VWA `CA[ XWIXAWZf VY[ YIE EI EVGA V[bVYEV^A I_ IEJAW CJVWAJIZ[AWC9 oDWAHEIWC VY[ A⌧AH`EDbAC VWA VZCI WAg`DWA[ EI [DCHZICA DY_IW]VEDIY WA^VW[DY^ EJADW XAWCIYVZ CEVGA JIZ[DY^C EI XWAbAYE HIY_ZDHE I_ DYEAWACEC9

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà !"# $ 3456789:;<=>=?9<=@AB;<=CD3E?EF<EG⌫IJ<GKL=MF8N 3LOEP==GQM7RS:T579U:EVU;=<W RS:T579U:EN<G<=T@NCFIJ<G39OE 9=57 XY;T<GRS:>=?9<= @ABG⌫NMJE=MJG8E;<=QYCN?E8Z [:7>YFIY>[7F>=?\YVZ⌦F^C:;D9EC89:3=567FV⌫6NDIY_` Q:7FED3NE7V⌫6L=BaUGRS:T579U:E 345674?Z<=b<89:IJ<G39OEa7>9=577EUGYQ?;M7E 3aME RA;<=CD3E?EF<E F>;<=3F?E ;<=ZYCN==;D^=[7FL⌫V⌫6RM<EG< ;<=3A57;QYcF ;==G;<= @AB;<=@QMFQYcFRS:N7>>Y_a⌫ 3LOEQ:E 8E;<=3=⌫W;L=BaUGRS:T579U:E E7;Z<;>=?\YVZB^C:3RW@4=M9EYFN57>7;;AM<JEYCL=BaUG@AB37;N<=L=B;7>8E $ [7F>=?\VY @A:J >=?\YVWYF^C:ZYCNMF9EYFN57>7;;AM<JEYCL=BaUG89:RTS: 579U:E3LOE;<=AMJF9E:<3LOE 3JA<^GME:7W;JM< %& JYE;M7EJYEL=BaUG@ABAFKd\b< ID>7;;AM<JEYCL=BaUG8E9EYFN574?G4e Q?CQM7;YE ( JYE 3LOE;<=AMJF9E:< ;M7EJYEL=BaUG^GME:7W;JM< ( JYE 8E9EYFN57>7;;AM<JEYCL=BaUGZB;D9ECJYE 3JA< NT<EV⌫6L=BaUG =B3>⌫W>J<=B;<=L=BaUG^J:I=>VU;3=567FQ<GV⌫6;f9G<W ;D9EC X⌦6FZBG⌫VYcF3=567FED3NE7V⌫6L=BaUGRS:T579U:E34567=Y>V=<>@AB345674?Z<=b<AFGQ? KCWG⌫IJ<G39OE[7FIbB;==G;<=>=?\YV 4=:7GC:JW[:7GSAL=B;7>;<=4?Z<=b<7WM<F34⌫WF47QM7;<=QYCN?E8Z8E@QMABJ<=B7WSM8E37;N<=@E>I=>VU;J<=B E7;Z<;EYEc 8E9EYFN57>7;;AM<JEYCL=BaUG^C:@Z:F89:R:TS 579U:EV=<>T⌦F37;N<=V⌫6Q:7F@NCF;M7E3[:<L=BaUG^J:3LOE[:7` 7WM<FaYC3ZE 4=:7GVYcF@E>9EYFN57G7>gYEVBQ<G@>>V⌫6;=BV=JF4<b?aWeL=B;<h;D9EC 8E=SL@>>V⌫6RS:T579U:E;D9ECV?hV<F;<=AFIB@EE^C: 3456789:R:TS 579U:EV⌫6L=BNFIeZBG7>gYEVB89:R:7S 56E3[:<L=BaUG@VE N<G<=TG7>gYEVB^C:Q<GL=BNFIe X⌦6F8E;<=L=BaUGRS:T579U:EL⌫ .&&/ >=?\VY ^C:34?6GV<F3A57;89:@;MRS:T579U:EKCW3NE7a567L=BP<E;==G;<=@AB;==G;<=7?N=BV⌫63LOEL=BP<E;==G;<=Q=JZN7>[7F>=?\YV 89:R:TS 579U:E^C:4?Z<=b<3A57;3LOERS=: Y>G7>gYEVB 345673[:<=MJGL=BaUG@AB77;3N⌫WFAFIB@EEQ<GIJ<GL=BNFIe[7FRS:T579U:E^C:C:JW 8EJYEL=BaUG >=?\YVZB3L?C89:RTS: 579U:EAFVB3>⌫WE3[:<=MJGL=BaUG^C:AMJF9E:<^GME:7W;JM< . aY6JKGF;M7E3JA<L=BaUG X⌦6FRS3: [:< =MJGL=BaUGE7;Z<;RS:T579U:EV⌫6G⌫=<Wa5673LOERS:T579U:E7WSM b JYEL?CVB3>⌫WE4Y;;<=K7E9U:E@ABRS:=Y>G7>gYEVBZ<;RS:T579U:E@A:J ;==G;<=>=?\YV@ABRS:>=?9<==BCY>NSF[7F>=?\YV;O^C:89:IJ<GNDIY_;Y>;<=3[:<=MJGL=BaUGRS:T579U:E34567=Y>iYFIDT<GIJ<GI?C39OE @AB[:73NE7@EB[7FRS:T579U:EVU;I=YcF 8E;<=L=BaUGRS:T579U:E 3A[<EU;<=IbB;==G;<=>=?\YVZB@Z:F=<Wa567;==G;<=>=?\VY V⌫63[:<=MJGL=BaUG 4=:7GC:JW9AY;3;bje 8E;<=77;3N⌫WFAFIB@EE89:V⌫6L=BaUGRS:T579U:E^C:=>Y V=<>;M7E3[:<NSM;<=L=BaUGQ<G=B3>⌫W>J<=B @AB=B9JM<F;<=L=BaUG L=BP<E V⌫6L=BaUG^C:3L?CK7;<N89:RTS: 579U:EVU;IEG⌫N?VP?7WM<F3VM<3V⌫WG;YE8E;<=Q=JZN7>;<=CD3E?EF<E[7F>=?\YV N7>T<G @NCFIJ<GI?C39OE @AB89:[:73NE7@EBQM<F` ^C:7WM<F3QOGV⌫6 KCWL=BP<E@ABRS:>=?9<=V⌫63;⌫6WJ[:7FZB3LOERSQ: 7>[:7XY;T<G[7FRST: 579U:E4=:7GVYcF=Y>iYF IJ<GI?C39OE@AB[:73NE7@EBQM<F` [7FRS:T579U:E 34567=MJG;YE4?Z<=b<9=57ED^LCD3E?E;<=Q<GV⌫639OENGIJ=QM7^L@AB89:G⌫ ;<=ZC>YEV⌦;8E=<WF<E;<=L=BaUG GQ?[7FV⌫6L=BaUGRS:T579U:EVU;J<=B RS:T579U:EG⌫N?VP?77;3N⌫WFAFIB@EE39OEC:JW ^GM39OEC:JW 9=57FC77;3N⌫WF^C:7WM<F7?N=B Q<GV⌫639OENGIJ= @AB8EJ<=B3A57;QYcF;==G;<=>=?\YV^C:;D9EC89:AFGQ?39OEC:JW ^GM39OEC:JW @ABFC77;3N⌫WF;==G;<=3LOE =<W>UIIA X⌦6F8E;<=AFGQ?@QMABJ<=BEYcE T:<^GMG⌫RS:T579U:EVM<E8CIYCI:<E ^GM39OEC:JW 9=57FC77;3N⌫WF 89:T57JM<VM<ERS:T579U:EG⌫ GQ?39OEa7>9=5739OEC:JWQ<GV⌫6>=?\YVED3NE7 9<;G⌫RS:T579U:EVM<E8CIYCI:<E ^GM39OEC:JW 9=57FC77;3N⌫WF >=?\YVZB@Z;8>AFIB@EE 89:3g4<BVM<ERS:T579U:EV⌫6IYCI:<E ^GM39OEC:JW 9=57FC77;3N⌫WF ;<=J?E?ZgYWa⌫c[<C[7FV⌫6L=BaUGRS:T579U:E >=?\YV^C:@Z:F89:V⌫6L=BaUGRS:T579U:EV=<>JM<8EJ<=BEYcE` G⌫R:TS 579U:EAFGQ?39OEC:JW AFGQ? ^GM39OEC:JW @ABFC77;3N⌫WF7WM<FAB;⌫63N⌫WF @AB89:T573N⌫WF[:<FG<;[7FRS:77;3N⌫WFAFIB@EEKCW89:EY> % 9U:E 3LOE % 3N⌫WF 3VM<;YEVYFc 9GCVU;=<W KCWG⌫;<=>YEV⌦;GQ?;Y>ZDEJEIB@EE3N⌫WF8E@QMABJ<=B @ABG⌫;<=ZYCVD>YEV⌦;=<WF<E;<=L=BaUGV⌫6TS;Q:7F I=>T:JE @A:JEDNMF=<WF<E;<=L=BaUGRS:T579U:E CYF;AM<J 89:@;M9EMJW=<a;<=V⌫63;⌫6WJ[:7Fk<W8E3JA<V⌫6;D9EC @AB3RW@4=M=<WF<E ;<=L=BaUGRS:T579U:EV<F $ [7F>=?\VY 3456789:R:TS 579U:E@AB>UIIAV⌫63;⌫6WJ[:7FN<G<=TQ=JZN7>^C:

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management

⌧ ⌧ !

" #

$ %& ' ( ( '

) *

+ ⌧ # , -

- + " # .//0 , ) *

, + , ⌧ 1 . +

⌧ - ⌧ - + " #

" ) *

* ,

⌧ ⌧ ⌧ , ⌧ ! "

" #

!

!

!

2 " # " ) * " #

! %

+ " # $

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà "#$%&'()$*+,-"#$./010,2&(3#4.5 34567897:;<=>?@AB;CC>;DCEFGHIJB C?ADCK⌫63;⌫6MNOB7:@PBOB7>IFQDM@= @=;DCR579 ODMAF<;KC<4MSAC57ADHF8CGTMP=S@ABE;UV=37: AC57HIB756=@=KD:>?P7J JC?W<KX⌦:>⌫=TMJDM;ZA=[@AB;CC>;DCEFGHIBJC?ADC\578]?J<V?VD>>DVCD & EAU:4CGCDPJ<^^<V?AF<;KC<4MS EFGVFD[AF<;KC<4MS 4$_$ %&'& [BNM;DCCDM:D=;DC\57AF<;KC<4MSO7:JC?WK< VU7`Z=<;:D=abG;CC>;DC;Z;<JAF<;KC<4MSEFG VFD[AF<;KC<4MSQDM@=CGMG3NFDK⌫6;ZA=[ 4CB7>K<9:CDM:D=@ABK⌫68CGPc>abG;CC>;DCJC?W<KKCDJ =7;XD;=⌫J9 C?W<Kd[B;ZA=[=TMJDM@AB\5738e=XCCMDJCCbKD:fcC;?XO7:JC?WK< NUD=7;XD;8]?J<V?VD>AF<;3;bgSK⌫6;hA>DM ;ZA=[EFBN d>U@AB38?[3HMaND>F<JO7:JC?WK< EFGFI;aBD d>U=ZOB7>IFaND>F<Jd8@PB345678CGTMP=SO7:V=37:AC57JcaaF756= R⌦6:\57 38e=N?=<M7MUD:A=⌦6:K⌫6;CC>;DC HIBJC?ADCEFG4=<;:D=VB7:\578]?J<V?T[M3aCU:aC<[

"#$"675%.70"$$2"#$'(89&0:$;7#$)<;%)9410,2&()"⌫+4>"?:@A>5B%0)@⌫4 @=;Cb⌫K⌫6>⌫fcC;CC>K⌫6;CC>;DCEFGHIBJC?ADCO7:JC?W<K>⌫`UN=d[B3`⌫M =TMJDMO7:JC?W<K;ZA=[@AB;CC>;DCEFGHIBJC?ADC O7:JC?W<KXGVB7:38?[3HMOB7>IF3;⌫6MN;<J`UN=d[B3`⌫MO7:V=EFGHIB3;⌫6MNOB7: 34567@ABabG;CC>;DCJC?W<K`D>DC\4?XDCbD3C567:K⌫6 7DX>⌫aND>O<[EMB:O7:HF8CGTMP=S;<JfcC;CC>O7:JC?WK< EFG`D>DC\V<[`?=@X34576 8CGTMP=SO7:JC?W<KT[MCN> K<9:=⌫;9 CC>;DC EFGHIBJC?ADCK⌫6>⌫`UN=d[B3`⌫M;<JfcC;CC>K⌫6KZ;<JJC?W<K d>U>⌫`UN=CUN>@=;DCV<[`?=@XKZfcC;CC>[<:;FUDN

72>%C⌫+ :C:#C1,-9&02⌫@A>5B%0)@⌫4 JC?W<KXGVCGA=<;@=aND>`Za<^O7:HIB\57AcB= R⌦6:38e=HIB>⌫`UN=d[B3`⌫M;FcU>A=⌦6:[<:K⌫6;FUDNOBD:VB=EFBN JC?W<KM<:>⌫=TMJDM@ABaND> `Za<^EFGVCGA=<;\⌦:`?Kf?O7:HIB>⌫`UN=d[B3`⌫M;FcU>756= K<9:@=;Fc>U 4=<;:D=O7:JC?W<K FI;aBD `\DJ<=;DC3:?=K⌫63;⌫6MNOB7: aIUaBD EFG`<:a> CN>K<9:>⌫;DC8]?J<V?VU7HIB>⌫`UN=d[B3`⌫MEVUFG;FcU>7MUD:38e=fCC> T8CU:@` EFG38e=d8VD>OB7;ZA=[O7:;hA>DMEFGCG3J⌫MJVUD:i K⌫63;⌫6MNOB7: K<9:=⌫39 4567@AB3;?[aND>CUN>>57;<=CGANUD:JC?W<K;<JHIB>⌫`UN=d[B3`⌫M;FcU>VUD:i Kc;;FcU> 7<=XG;U7@AB3;?[HF[⌫VU7;DC[Z3=?=:D=EFG`CBD:aND> ><6=a:@AB;<J7:aS;C T[MJC?W<Kd[B8]?J<V?VU7HIB>⌫`UN=d[B3`⌫M;FcU>VUD:i [<:=⌫$9 / 9&0D*,7E05 JC?W<K@ABaND>`Za<^EFG3aDC4VU7`?Kf?O7:HIB\57AcB=Kc;CDM7MUD:3`>7QDa >⌫;DCJC?ADCX<[;DC7:aS;CJ=AF<; EAU:aND>CG><[CGN<:EFG>⌫8CG`?Kf?QD4 34567@AB;?X;DCO7:JC?WK< >⌫aND>3XC?^3V?JTV;U7@AB3;?[HFV7JEK=K⌫63A>DG`>E;UHIB\57AcB= T[M>⌫;DCEXB:HF;DC[Z3=?=:D=EFG37;`DC3;⌫6MN;<J:J;DC3:?=E;UHB\I 57AcB=7MUD:\I;VB7: T8CU:@` EFGX<[;DC8CGPc> HI\B 57AcB=T[M EXB:OB7>IF@ABKCDJFUN:A=BD;U7=Kc;aC<9: F5?"-#5 JC?W<KX<[@AB>⌫`N<`[?;DCEFGHFV7JEK=K⌫63A>DG`>E;U4=<;:D= `=<J`=c=@AB4=<;:D=>⌫aND>3XC?^;BDNA=BD `U:3`C?>EFG4<j=DaND>CIBaND>`D>DC\O7:4=<;:D=7MUD:VU73=567:`>6Z3`>7 (&"G0# JC?W<KV<9:><6=7MIU@=aND>R567`<VMS `cXC?V C<;WDHF8CGTMP=S`I:`c[O7:FI;aBD `=7:aND>VB7:;DCO7:FI;aBD[BNM HF?VQ<bgSK⌫6>⌫acbQD4EFGJC?;DCK⌫6[⌫3F?_7MUD:3`>7QDa @ABOB7>IFOUDN`DCK⌫6aCJ\BN=\I;VB7: 38e=fCC> EFG@AB3;⌫MCV?FI;aBD7MIU3`>7 G&AG0# JC?W<K@ABaND>CUN>>57@=;DCEF;38F⌫6M=OB7>IFK⌫638e=8CGTMP=S @=;DC[Z3=?=fcC;?XCUN>;<= 34567HF<;[<=;DC[Z3=?=:D= O7:JC?W<K@AB8CG`JHF`Z3CeX V<9:><6=7MIU@=aND>R567`<VMS `cXC?V EFG3K⌫6M:fCC>VU7aIUaBD @?-G2 JC?W<K>⌫=TMJDM@ABaND>CUN>>57EFG`=<J`=c==TMJDMEFG;?X;DC:D=VUD:i O7:KD:QDaCDP;DCAC57QDa37;P= VD>`>aNCE;U;Cb⌫ [Z3=?=fcC;?XAC57aNJac>@AB>⌫;DC8]?J<V?7MIUQDM@VB;C7JO7:;hA>DM AF⌫;3F⌫6M:;DC@ABaND>CUN>>57AC57 ;DC`=<J`=c=HIBK⌫68CG;7JfcC;?X7<=d>UP7J[BNM;hA>DM AC57fcC;?XK⌫6`U:HF;CGKJVU7`?6:EN[FB7> `U:3`C?>EFG8FI;k<:X?V`Z=⌦; aND>C<JH?[P7JVU7Pc>P=EFG`<:a>`UN=CN>@AB3;?[O⌦9=@=JCC[D4=<;:D=EFGHIBJC?ADCKc;CG[<J7MUD:VU73=567:

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management

⌧ ⌧ !⌧ " #$!$ %&'& ( !⌧ ) # * $ +

) ) ) ) $ ⌧ ⌧

$ ⌧ + ⌧ ⌧ ) ) $ + ⌧ ) ) ⌧ $

, - ) ) -

)

) ) $ ) ) - $ ) ) ./ , - - ) $ )

) 0 $ " 0 $ " ) 1) $ +

) ⌧ - $ ⌧

) ) $ ! ) ⌧ 2

) $

$ # ) ) ) ) ) ) ) $ ⌧ ) $

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà $%&'(⌫* +,-./0'.12345%67879:&,%;/-<=>?

+,-./0'.12345%67

?@ABCDE⌫GHI?JIKLMNJ@OPQGAGRJGSTUNJ@?@ALJ@VCONJ@WXR?@ABDC QYZG[YOM\I]\JEHY@^RK__JEJ@`a@\V_X?[OMSTUKLM ]\JE_P]Cba^XNJ@QYAOQcIWMXEdT_P]CbD⌫eQN⌫eI\WMXRNC??@ABCD KLME⌫]\JE`dNaMXR ]@?`M\G @\OQ@Z\ HOI[OMQcISf@^WMXEdTW^J\_J@ a^JRg OCRNT^J\ QfheXKLMcMTd RDiGSTUcdMD⌫eQN⌫eI\WMXR[OM@?C D@J?j⌦eRGXNVJNNJ@QcISf@^c^JG\J@_J@a^JRgWXR?@ABCDSTM\ ICRE⌫NJ@QcISf@^ WMXEdTc^JGl^XRDJRSTU_heXNJ@QcISf@^WMXEdTa^JRg WXRaTJOLTCND@CfImSL^RY@UQDn[DI QYAOQcIKGS??S_OR@JINJ@WMXEdTY@UVPY⌫ !S?? #$ %& STU@JIRJGY@UVPY⌫ !S?? #$ '& @\E`⌦RQYAOQcIWMXEdTc^JG ) WXR?@ABDC HOIE⌫ NJ@Y@C?Y@iRWMXEdTKLMQYZGYCVVi?CGXI^JR_EePQ_EX WMXEdTQN⌫eI\NC??@ABCDD⌫e?@ABCDKLM]\JE_P]CbKGQ@hXe RWXRNJ@QYAOQcIWMXEdTOCRNT^J\ VU@\E`⌦R@JIRJGDJRNJ@QRAGSTUWMXEdT D⌫eEAKl^WMXEdTDJRNJ@QRAGa^JRg aJEWMXNPLGOWXR_PGCNRJG N T a aTJOLTCND@CfImSL^RY@UQDn[DI aTXOVGWMXEdTXheGD⌫eQN⌫eI\WMXR D⌫e_P]Cb[OMSN^ GHI?JINJ@NPNC?OdSTNAVNJ@STUNJ@YoA?CaAaJEGHI?JI GHI?JIQN⌫eI\NC?]\JE@C?cAOlX?a^X_CR]ESTUNJ@ YoA?CaAaJEGHI?JI GHI?JINJ@V^JI]^JaX?SDGN@@ENJ@ WMXEdTQN⌫eI\NC?N@@ENJ@STUNJ@DPLGMJD⌫eWXR]pUN@@ENJ@

-,2=,@(,=+,-.=0@879:&,%-AB10'C5B35=:D9+--%+,-E<5-,2=,@(,=+,-.=0@ ]pUN@@ENJ@?@ABCDQYZGcdM@C?cAOlX?a^XR?NJ@QRAGWXR?@ABCD STUR?NJ@QRAG@\EWXR?@ABCDSTU?@ABCDI^XI STU _J@_GQDnDJRNJ@QRAGD⌫eY@JNoKG@JIRJGY@UVPY⌫ ]pUN@@ENJ@V⌦ROdSTKLMR?NJ@QRAGOCRNT^J\ GXNVJNVUVCODPW⌦qGaJE EJa@rJGNJ@?Cbl⌫D⌫e@C?@XRDC\e [Y STUE⌫NJ@QYAOQcIWMXEdT_P]CbXI^JRQf⌫IRfXKGLEJIQLaiY@UNX?R?NJ@QRAG @\EDCqR[OM c^JGNJ@a@\V_X?VJNcdM_X??Cbl⌫@C?XGibJaSTUc^JGNJ@_X?DJGVJN]pUN@@ENJ@a@\V_X?STM\ ]pUN@@ENJ@ICR[OM VCODP@JIRJG]\JE@C?cAOlX?WXR]pUN@@ENJ@a^X@JIRJGDJRNJ@QRAG[\MKG@JIRJGY@UVPY⌫ !S?? #$ '& KGLC\WMX R?NJ@QRAG N^XG@JIRJGWXRcdM_X??Cbl⌫OM\I

@;2B,2+,-+F+AB'687+0G+,-879+,-/H0BAE0E,%@;2B,2 ?@ABCD[OMVCODPGHI?JINJ@NPNC?OdSTNAVNJ@QYZGTJITCNBpmXCNB@ j⌦eR[OM@C?]\JEQLZGlX?VJND⌫eY@UliE]pUN@@ENJ@ ?@ABCD HOIE⌫]\JEEi^RECeGKGNJ@OPQGAGsi@NAVKLMQYZG[YaJELTCNNJ@NPNC?OdSTNAVNJ@D⌫eO⌫ QfheXQYZGNJ@_^RQ_@AEKLMNJ@?@ALJ@ VCONJ@QYZG[YOM\I]\JEHY@^RK_ E⌫Y@U_ADsAtJfSTUY@U_ADsAcT N^XKLMQNAOY@UHIlGmSTUQNAO]\JEQlheXECeGa^XcdME⌫_^\G[OMQ_⌫I DiNueJI STUQfheXN^XKLMQNAO]\JEQWMJKVD⌫e`dNaMXRSTUNPLGO\As⌫YoA?CaA[YKGSG\DJRQO⌫I\NCG ueJI?@ALJ@D@CfIJN@?i]]TV⌦R QYZGcdM@C?cAOlX?KGNJ@VCOX?@El⌫qSVR STUSVNLTCNNJ@NPNC?OdSTNAVNJ@D⌫eO⌫WXR?@ABDC j⌦eRVCOfAEfmQYZGQT^EKLMfGCNRJG[OM D@J?STUYoA?CaAaJEGHI?JI f@MXEDCqRaAOaJENJ@YoA?CaA QfheXY@UQEAGcTSTUY@C?Y@iRKLMQLEJU_ENC?_tJfNJ@pmD⌫e QYT⌫eIGSYTR[Y STU[OMQcISf@^LTCNNJ@NPNC?OdSTNAVNJ@D⌫eO⌫WXR?@ABCDDJR )

" @;2B,2.+⌫*2&+AB:&,%-AB10'C5BE<5?A=:% 879+,-/H0BAE0E,%@;2B,2 ?@ABCDE⌫GHI?JIKLM]\JE@^\EEhXSTU_GC?_GiGGHI?JISTUNAVNJ@RJGa^JRg WXRDJRtJ]@JlNJ@L@hXtJ]QXNlG aJE]\@SN^N@p⌫ OPQGAGsi@NAVL@hX]\?]iEKLME⌫NJ@YoA?CaAXId^tJIKaMN@X?WXRNvLEJI LT⌫NQT⌫eIRNJ@KLM]\JE@^\EEhX L@hX NJ@_GC?_GiGcdDM ⌫eN@UDPNJ@XCG[E^lX?OM\INvLEJI L@hXD⌫e_^RcTN@UD?a^X_AeRS\OTMXE f@MXEDCqR_^RQ_@AESTUYTdNuCRVAa_PG⌦N NJ@@C?cAOlX?a^XliElGSTU_CR]E_^\G@\EKLMQNAOW⌦qGKG?@@OJfGCNRJGSTUcdM?@ALJ@DiN@UOC?XI^JRa^XQGheXR KG@X?Y⌫ '##6 ?@ABCD[OMVCONAVN@@EQfheX_CR]ED⌫e?@ABCDSTU?@ABCDI^XI[OMOPQGAGNAVN@@EXI^JRa^XQGheXR XJDAQl^G NJ@VCONAVN@@EH]@RNJ@ l^\IQLThX_CR]EOM\INJ@_^RQ_@AENJ@n⌦NBJWXRQIJ\lGDiNY⌫ HOI EX?DiGNJ@n⌦NBJ KLMGCNQ@⌫IGD⌫eWJOS]TGDiGNJ@n⌦NBJH@RQ@⌫IG\CO?JRYUNXN SW\R@JBv@m?d@pU NDE H]@RNJ@ 9*, l^\IGMXR HOINJ@QWMJ[Yl^\IOMJGNJ@n⌦NBJ Ql^G NJ@j^XESjEXJ]J@ _`JGD⌫e LMXRQ@⌫IG Y@C?Y@iR LMXR_EiO Y@C?Y@iRXJ]J@H@RXJLJ@ SVNliOGCNQ@⌫IG @\EDCqRQT⌫qIRXJLJ@NTJR\CGSN^QOZND⌫eWJOHXNJ_QLT^JG⌫q QfheX_@MJR HXNJ_DJRNJ@n⌦NBJ H]@RNJ@OCRNT^J\[OMVCODPEJ # ]@CqR STM\ ]hX Y⌫ '#<$ H@RQ@⌫IG?MJGLM\INR X _CRWTU?i@⌫ V NJbVG?i@⌫ Y⌫ '#<7 H@RQ@⌫IG?MJGuJNLM\I V _@USNM\ Y⌫ '#<w H@RQ@⌫IG?MJG_JIlG\G X YJNl^XR V G]@@Jl_⌫EJ Y⌫ '#<x H@RQ@⌫IGH]NaUQ]⌫IGRJE X fGE_J@]JE V yUQlARQD@J Y⌫ '##6 EdTGAsA_@MJR_@@]mQOZN !]@dLIiI& SW\RDi^R_XRLMXR QWaLTCN_⌫e NDE

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management

⌧ !" #$ %& !" #$ '& ( ) *

+ ⌧ ,

⌧ -

(

( . *

(

/ ( . *

( . *

⌧

0

+

/ ,

- . *

1 /

. *

/ 1 !" #$ '& " 1 /

! /

, 2 ( . *

(

2

2 - 3 1 *

4 2

2

( - 31

+ 5

- ( 2

2 )

" # -

-

⌧ '667 / 5

8 .

1 * . 9*, 5

- 5 # ) '66:) . 3

/ 9 ; '66<) . ;

; '66#) .

/ ; 0 1 ; '66$) 9 0

/ ; , ; '667) " .

= , !- > & - = .

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà ()*+,*-./0,123,*43,56+-7(01180,1-./9:;+1<=,1 6789:;<=>:?@⌦BCDE<F?>D=⌫9HI<JKDLEMNOPQR:NS:BTEELTDEHI<OU>NEPFDEE<QMN;UBHVWI<J?NEPXM=YQ>6ZPQ6O[?\[ND[ TDE]WD[JWDV:NH=?HTWTEELTDEHI<OU>NEPFDE NEPXM=YQ>H]>B]^?K?6BP?JWDV:NH=?TEELTDE=⌫9HVWI<J?YQ>ENM YK>_?FLKQ JKDLEMNOPQR:NS:BTEELTDE >;68:.?0⌫A*B0C+01180,1-./0,17D=(;,7⌫A>6E4F/01180,1 NEPXM=YQ>6ZPQ6O[ED[R89:TEELTDE TEELTDE:P;E< HI<TEELTDER`Q[W:[VWDBa EKL=MbB6ZPQ6O[ZE<KMVPS:BTEELTDE HVWI<J? HI<S>:LUI6T⌫9[KTMNN=ND=HI<F?>D=⌫9EKL=MbBTDE=^F?>D=⌫9S:BJc<TEELTDEHI<Jc<TEELTDER`Q[W:[_?E:NZ⌫ =⌫9OWD?LDYK>_?FLKQ JKDLEMNOPQR:NS:BTEELTDE 6789:_F>OU>@8:F`>?=EDN@⌦BZE<;NTDEcd JKDLEU>JKDL;DLDE@S:B TEELTDE_?TDE=⌫9]<RWK[;?MN;?`?TDEQ^6?P?e`ETP]S:BNEPXM=YQ>

4B,8GC8HC(IJ0C+9:;.E7K(

Jc<TEELTDE_F>JKDL;^JMfVW:TDE6ZPQ6O[S>:LUI=⌫9L⌫JKDL@UTV>:B JEN@>K? \ZEWB_; HI<=M9K@⌦B =MbBED[BD?S>:LUI=DB TDE6BP? HI<S>:LUI=M9KYZ VI:Q]?S>:LUI;^JMf=⌫9L⌫OITE<=NVW:EDJDFIMT=EM7[dS:BNEPX=M \Q[YQ>6O[H7EWS>:LUISWDK;DEVWDBa QMBTIWDK 6789:_F>OU>IB=`?HI<OU>=⌫96T⌫9[KS>:BYQ>EMN=EDN =MbB\Q[OWD?RW:B=DBHI<;89:TDE6O[H7EWS>:LUIVWDBa S:BVIDQFIMT=EM7[d :?⌦B9 NEPX=M YQ>:[UW_?E<FKWDBTDE7Mg?D6O[H7EWS>:LUIOWD? ( & S:BNEPX=M 6789:_F>O>@U 8:F`>?HI<?MTIB=`?;DLDE@=EDNS>:LUI =⌫9;^JMfHI<TP]TEELS:BNEPXM=:⌫T=DBF?⌦9BHI<_?;WK?S:BBD?Q>D??MTIB=`?;ML7M?ed?Mb? NEPXM=YQ>L:NFLD[_F>OU>]MQTDE=M9KYZ Q>D?NMfR⌫HI<TDE6BP?=^F?>D=⌫9VPQVW:;89:;DETMNOU>IB=`?;@DNM?OU@> 8:F`>?EKL=MbB?MTKP6JED<FdHI<CDJEMh=⌫96T⌫9[KS>:B i⌦9B;DLDE@VPQVW: YQ>=⌫9 FLD[6IS\=EjM7=d -. /01 2131 VW: .13 FE8: 4 " " 5"#

=8BL 4B,81C+9<LM6+>6E01180,1 )41EG1;,E0,12CL0,1

4F/01180,1+1<RC7 4F/01180,1+1<=,14B,8?G⌫A*E

4F/01180,1+1<=,1

4F/01180,151B2G6+

01180,19:;2CL0,1 9:;2CL0,1NO,*6,BK)G 51B2G6+

7⌫AP1⌦0R,6,BK)G ST 9:;2CL0,17CABVP 9:;2CL0,1NO,*6,BK)G U

9:;2CL0,1NA,*6,BK)G ST

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management ⌧ ⌧ ⌧ ! ⌧ " # #

! $ % !

& " '⌧ ! ( & # ) ) $ # % * + , #

-. /01 2131 '⌧ .13 4 " " 5"#

! " # $ % & " '

%

Y & " !

& " !

# !

& " "

' & "

WS # X

' # ST Z & " W[ X ' & " U

' & " ST

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà !"#$ % &#$""'$(")*#%+%(+ ,-.(+⌫0 1('"2%3456 %7 &#$""'$("

=>?@AAB@CADAEFGH IA?@JDKLMNIA?OCP@AAB@CA QR?@AAB@CAJSTPUPVWPMPH⌫TYZBC?[B@GD\PCK\J]@EV@CA\J] DAEFGH^ YBSTJAMBQRLMB⌫VWPMP =P _KNB⌫@AAB@CAH⌫TYI`PabLDAEZCAVWPMP =P @AAB@CAH⌫TcBdYI`PabLDAEZCAVWPMP # =P QR?B⌫@AAB@CAJE[A?VWPMP % =P =>?@AAB@CAB⌫ZPLCH⌫TIeEDGfEUZLYI`PcIfCB@gZBCN MGfhiIA?[]=j \LJDG]=GD\J]DAEFGH^ QR?BfEH⌫TIA?kiBabLhSJZiLP AMBHGl] @CAIeEDGfEUZLYI`PcIfCBZRG@Y@>mjQR?\LJDG]=GD\J]fRCKZRG@HAGnNjQZd]IA?YHocHN QR?[WPG@]CP=>?@AAB@CA@W@GDZRG@HAGnNj QR?fRCKZRG@HAGnNj =>?@AAB@CAB⌫=MCBAGDaEKkJDfdJabhL SJZiLPY@⌫TNM@GD@CAKWYPEPOiA@EV\J]DAEFHG ^ QR?@CA@W@GDKbQRUZL@CADAEZCAVGK@CA YI`PcIfCBYIlCZBCN QR?@dJUZLY@EKIA?_NkPj[b][iKQ@dabLhSJZiLP JNbdUP@AJD\J]@CAB⌫VAENOAABH⌫TK⌫ QR?=WP⌦]h⌦]aRIA?_NkPj \J]abBL ⌫[dMPcKLY[⌫NHi@qTCN =>?@AAB@CAYI`PabLQfd]fGl]@AAB@CAabVL GK@CAHWZPLCH⌫TIA?OCPYVLCZPLCH⌫TDAEZCA QR?@WZPK=dCfJDQHP HGl]P⌫l @AAB@CAabLVGK@CAfLJ]cBdJNbdUPfWQZPd]IA?OCP@AAB@CA =>?@AAB@CA@WZPKUZLYASTJ]KG]fdJcIP⌫l YI`PJWPCVZPLCH⌫T QR?=MCBAGDaEKkJD\J] =>?@AAB@CAH⌫TYI`PabLnEVCA>CJPiBGfE & P_NDCN NiHOoC[fAj@CAHWOiA@EV QaP]CP QR?]DIA?BC>IA?VWI⌫\J]DAEFGH^ & @CAUkLY]EPR]HiPY@EP@MdC]DR]HiPH⌫TcKLAGDJPiBGfE %& @CAHWOiA@AAB ZASJ@CA@A?HWUKr JGPB⌫aR@A?HDfdJsCP?HC]@CAY]EP tCA?ZP⌫[l EP NiHOoC[fAj@CAHWOiA@EVQR? kSTJY[⌫N]\J]DAEFGH #& @CAHWACN@CAY@⌫TNM_N]@GPA?ZMdC]DAEFGH^ DAEFGHNdJN ZASJ DAEFGHAdMB @GDDi==RH⌫TY@⌫TNM_N]@GP & OiA@AABUKr H⌫TB⌫aRUZL_=A][ALC]Y]EPHiP\J]DAEFGH^B⌫JGfAC[dMPZP⌫l[EPfdJHiPY@EP 0 5& @CAVdCNY]EPIGPaRA?ZMdC]@CR 6& @CAY[PJQfd]fGl]QR?@CA[ElP[iK[hCPtCn\J]@AAB@CA 7& @CA@WZPK=dCfJDQHP@AAB@CA 8& @CABJDJWPCVZPLCH⌫TUZLIA?OCP@AAB@CADAEFHG ^ @AAB@CAabVL GK@CA ZASJ@AAB@CADAEFGH^ =PUK=PZP⌦]T AMBh⌦] @CAIAGDIAi]YIR⌫TNPQIR]Q@Lc\@CABJDJWPCVZPLCH⌫TKG]@RdCM ;& @CAQfd]fGl]QR?@WZPKJWPCVZPLCH⌫TQ@d=>?@AAB@CANdJN & @CAVGKUZLB⌫QR?@W@GDKbQRUZLB⌫@CADAEZCAVGK@CAfCBZRG@@CA@W@GDKbQR@EV@CAH⌫TK⌫ $("!"#68'7 &#$""'$(" =>?@AAB@CA@WZPKUZLB⌫@CAIA?kiBJNdC]PLJNcfABC[R? =AGl] IA?OCP@AAB@CADAEFHG YI`PabLDAEZCA@CAIeEDGfEZPLCH⌫T\J]=>?@AAB@CA @WZPKA?YD⌫NDMCA?@CAIA?kiBKbQRUZL@AAB@CA cKLAGDYJ@[CA@CAIA?kiBRdM]ZPLC @dJP@CAIA?kiBYI`PYMRCYn⌫N]nJ[WZAGD@CAo⌦@FC QR?nEVCA>CYnSTJ@CAUZL=MCBYZ`P QR?@CAJJ@Y[⌫N]R]=?QPP KbQRUZLYJ@[CA@CAIA?kiBB⌫[CA?\LJBbR@CAMEY=AC?ZjQR?\LJY[PJQP? Yn⌫N]nJQR?YZBC?[B UPH⌫IT A?kiB IA?OCP@AAB@CAB⌫ZPLCH⌫T[AiIIA?YK`PYASJT ]UPMCA?@CAIA?kiB YnSTJ@CAnEVCA>C\J]@AAB@CA YIEK_J@C[ QR?[PGD[PiPUZL@AAB@CAQfdR?=PQ[K]=MCB=EKYZ`P QR?IA?BMR=MCBYZ`PY[PJ\LJ[AiIH⌫TcKLVC@H⌫TIA?kiB UP@CAIA?kiB@AAB@CA abBL ⌫[dMPcKLY[⌫N_KNPGN[W=GuUPYASTJ]H⌫TnEVCA>C fLJ]JJ@VC@H⌫TIA?kiBA?ZMdC]@CAnEVCA>CYASTJ]PGPl r UP@CAnEVCA>CYASTJ]ZP⌦T]YASTJ]UK @AAB@CAB⌫[EHOE\JKbZASJfAMVYJ@[CAH⌫TY@⌫TNM\LJ] \JUZLqTCNDAEZCAk⌫lQV]\LJBbR ACNR?YJ⌫NKYnETBYfEB fRJKVPY[PJUZLVKG ZCH⌫TIA⌦@FCZASJabYL k⌫TNMkCutCNPJ@BCUZL=MCBYZ`P_KNDAEFHG YI`PabLAGDaEKkJD =dCUkLVdCN @CAR]BfEUZLUkL=?QPPY[⌫N]\LC]BC@ QR?ZC@B⌫@AAB@CA=GK=LCPBfEKG]@RdCM UZLDGPH⌦@=W=GK=LCPcMLUPACN]CP@CAIA?kiB =>?@AAB@CA VGKUZLB⌫YR\CPi@CA=>?@AAB@CADAEFHG HWZPLCH⌫TUZL@CA[PGD[PiP @CAVGKYfA⌫NBA?YD⌫NDMCA?@CAIA?kiB HWZPG][SJYkEuIA?kiB KbQRQR?VGK@CAIA?kiB DGPH⌦@ACN]CP@CAIA?kiB QR?fEKfCBBfEH⌫TIA?kiB VGKY@`DYJ@[CAY@⌫TNM@GD @CAIA?kiB QR?UZL=WIA⌦@FCY@⌫TNM@GD@CAIeEDGfE\J]=>?@AAB@CA UZLYI`PcIfCB@gZBCN\LJDG]=GD QR?A?YD⌫NDfdC]r H⌫TY@⌫TNM\LJ]

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management ⌧ " # $ ⌧ " % & ' " ( ) ( * +⌧ +⌧ ( & " ' " ⌧ * * * & ) +⌧ " , " ) & & " & & -

. & / " ⌧ " " 0 %& . #& 1 $ " " . & 2 3 4 ⌧ 0 . 5& 1 " . 6& 2 . 7& . 8& ) 9 : . ;& 2 $ . & , " " < < " &

" 4 & ⌧ " " " & 4 & " " ⌧ 3 " " " " & *

& ⌧ " 4 ⌧ ⌧ " ⌧ & ' " & 1 ' ' & (

" " $ " " &

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà "#$%&$'(%#)*+$$,+($-.%/$0123

789:;;<:=;>;?@ABCDE:FGHD7FH?I=< :;;<:=;J?K;9 LJM>;?@ABCNEDAMH⌫P QRJGSEHC<TU:?H "# LJMVFHNHGSEHB⌫W<⌫K?BX?JJ:UK⌫IMBAPMG<DYH>;?@AB >;?@ABYHU7;RJ >;?@AB;TN< & C<T<⌫KTNH;TN<YH:=;>;?G=;M=H ;N<BAPMC<TUZ[H\]:VE=M ^HA:M=H B⌫WZ;⌦:@=B⌫WCDE;A>UM?HUDRJHZ;9VF G;RJ UZ[H`]E<⌫JFH=V 7N>7S<LJM>;?@AB G;RJ >;?@ABYHU7;RJ >;?@AB;TN< G;RJ UZ[H>S77\B⌫WJ=V<⌫7N=<LADaIEM bDIcEJMC<T<⌫`\Z;9bIdHe G;RJ KTNHCDEUK⌫IYH\A:@89DAM:\T=N<=a\ENUZ[HUN\=C<THEJI:NT= * Z⌫ * C<T<⌫7N=<KA<^AHXeB=MXS;:?V C<T<⌫`\Z;9bIdHeG;RJKTNHCDEUK⌫I C<TNT=B=Mc;MG;RJB=MJEJ< BAPMYHDE=H:=;UM?Ha\9 :=;>;?G=;M=HLJM>;?@AB >;?@ABYHU7;RJ >;?@AB;TN< G;RJ>S77\B⌫WJ=V<⌫7N=<LADaIEMYH\A:@89B⌫WV9BFYGEL=D7N=<UZ[H J?K;9 - C<TUZ[Hf=c?KH?B:A>`]E>;?G=; `]QE RJGSEH;=IYGfTLJM>;?@AB >;?@ABYHU7;RJ >;?@AB;TN< G;RJ`]EQRJGSEH;=IYGfT >S77\ B⌫WJ=V<⌫7N=<LADaIEM a\9C<TCDE;A>:=;acTMcAPMYGEUZ[HcANaBHU^RWJ;A:@=`\Z;9bIdHeLJM:;;<:=; 789:;;<:=;dSDITJIB⌫W789:;;<:=;>;?@BA CDEacTMcAPML⌦HP U^RWJdTNIYH:=;:F:A>D]a\:?V:=;LJM>;?@BA J⌫: * dSD CDEa:T + , 789:;;<:=;>;?G=; +&, 789:;;<:=;c;NVKJ> +*, 789:;;<:=;>;?G=;7N=<UK⌫WIM 789:;;<:=;acT\9789<⌫JM7eZ;9:J> 7S8K<>Ac? LJ>ULcJFH=VGHE=B⌫W DAMH⌫ P #)*+$$,+($/$04($ .%#56$*+./78*#9)&,/2:0 789:;;<:=;>;?G=; Z;9:J>DENI:;;<:=;>;?@ABVFHNHGH⌦WM g⌦WM789:;;<:=;>;?@ABUZ[H`]E^?V=;8=acTMcAPM 789:;;<:=;>;?G=;Z;9:J>DENI

H=IJ;S8 & H=IJAM78⌫ * H=IN?KSBX?q

$(EAF=. V?;dN=\= N;B;A^Ie NMmeBJMm;⌫

:G74;H% Z;9X=H:;;<:=;>;?G=; :;;<:=; :;;<:=;

B$0=,&0%4(#, C D I2@6$*A9, B-'(6$*A9, o o o p o r

bDI<⌫`]EVAD:=;J=NSbKhW=IB;A^I=:;<HS@IeUZ[HU\L=HS:=;789:;;<:=;>;?G=; 4;'(3⌫=78*#>(,$2/?0@A./ 789:;;<:=;>;?G=; <⌫LJ>ULcJFH=VGHE=B⌫Wa\97N=<;A>`?DdJ>DAMH⌫P 7N>7S<D]a\:=;>;?G=;:?V:=;LJM>;?@ABYGE>;;\Sc=<UZP=G<=I HbI>=I :\ISBXe a\9a`HXS;:?VB⌫W:FGHDCNE & 7N>7S<:=;DFUH?HM=HcT=Mi YGEUZ[HCZc=<:jG<=Ia\9;9U>⌫I>B⌫W>;?@AB:FGHD * :\AWH:;JMa`H:\ISBXe a`HXS;:?VZ;9VFZ⌫ M>Z;9<=87T=YdEVT=IZ;9UkBBSH UZP=G<=I:=;Zl?>Ac?M=H a`H M=Hb7;M:=;cT=Mi a\9HFUKHJ789:;;<:=;>;?@AB - B>BNH c;NVKJ> YGE7FUKHJaH9 a\9KAWM:=;YGE<⌫:=;Z;A>Z;SMa:ECL;9>>:=;>;?G=;M=H :;9>NH:=; BFM=HLJMhW=IM=HcT=Mi YGE<7⌫ N=<UG<=9K< BAHK<AI a\9KJD7\EJM:A>Kk=^Um;@n:?VB⌫WUZ\⌫WIHaZ\MYHBS:L89 " ^?V=;8=DFUH?H:=;U;RWJMcT=Mi c=<B⌫WCDE;A><J>G<=IV=:789:;;<:=;>;?@AB

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management ⌧ ! "# $ $ ! ! % & ' !

$ ⌧ $ $ ! ( $ ) $ ) $ $ ' * % * ) ' + , ! ! ) ! ) ( $ )

$ % - . $ ! ) ( ) ! ) ( $ ) $ ( $ )

! $

$ ! ! $ + , /⌧ $ 0 +&, 1 0 +*, 2 ' 3 ! 0 / ! ) 4 ) ⌧

/⌧ $ 0 $

/⌧ $ 0 N

3 1

0 $ & 3 1 !' s * 3 s t ! !

J K L CDDM N P

L N K o o o p o r

O /⌧ $ 0

5 3 ! 2 5 /⌧ $ 0 ! /⌧ $ 0 $ ! $ ! $ ( $ ) ) ! & $ $ ! % * 6 ! )

) $ ⌧ ! ) ! ) $ ( ! - $ ) ⌧ ) ! ' $ ) $ $ " $

6

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà !"##$"%#&#'()*+ *, -.#!"*+/0! 1 )$+2&3 :;<=>>?=@>A>BCDEF G><=EFHIBJ=>>?=@>F>KLMNO⌦QR?⌫:T;D?FMAKUGVW=>>?=@>EKD><CXWBW NY@W ZHJ :;<=>>?=@>F>KLMNUGVW[\I]KC@>;@^AYRAM_RA@?`aM=U=;bcdERAa@H`aM=N>M]Jc :;<=>>?=@>A>BCDEFG><=EFHIBJ

&# W@JE@C (# W@JFM;b> # W@R]>]K?a

#%><B9* ?WMDrK>KU]Vm aK_BG><UD>Kl CT>T]WocT

&C/45D, G><o@W=>>?=@>A>BCDEF =>>?=@> =>>?=@> sa@EE= & ATa@:? (**)t

.? @@A

(2;.#!<1$ / / /

=E6%.#!<1$ / /

ZHJ?⌫ [\ICMH=@>E@BTZDeQ@JA>BCDEFf@JgWUGVWUad@WT=@>:;<=>>?=@>A>BCDEF :;<=>>?=@>hTHGMCCTFMW?⌫B@><=@>HX>RAX^`WYR:>@Ba< G⌫ `>iEB@><dER=@>UGVW=>>?=@>F>KLMN WMFAM_R^AY & ]jLf@:? (*/3 456%7⌫9/0! '%$#2+:3;<*+ :;<=>>?=@>A>BCDEF?⌫`WI@N⌫Q>MF[KHhEF]KC@>;@^a<HXUWKW=@> HMRAYEkGW⌫_ &# H\^a>@JR@WN@R=@>URKWdERF>KLMNUGVWkGA@??@A>l@WFMmh⌫U]⌫JR]E^a<UhiQEniEkHI (# H\^ag`IF>KLMN?⌫><FF:BF:T?f@JgWN⌫QU`?@<D?^a<?⌫G><DKNoKf@] # ]KC@>;@ :MHUaiE=^a<UDWE^AYRAM_R[\IDEFFMmh⌫dERF>KLMN /# H\^ag`IF>KLMNGpKFMAKA@?dIE=X`WH^a<=q`?@JN⌫QU=⌫QJBdIER *# H\^ak?Yg`IU=KH:B@?dMH^JIRN@R[aG><ZJhWc><`BY@RFT::aN⌫QU=⌫QJBZJR=MW 0# CMHNX>@JR@WdER:;<=>>?=@>A>BCDEF kBIgW>@JR@WG><CXG⌫dERF>KLMN =@>G><hT?:;<=>>?=@>F>KLMN :>MR_ N⌫Q (2(*/3 U?iQE BMWN⌫Q & ]jLf@:? (*/3 kHI>FM >ER=qFMA>dER:;<=>>?=@> A>BCDEF^a<=qFMA>dERDXWM=R@WA>BCDEFf@JgW ^a<kHIG><=@rUGVW><UF⌫JF:XDMQR^aIB !"##$"%#+#34%# '%$=)⌫9>, *, -.#!"*+/0! 1 )$+2&3 :;<=>>?=@>F>K`@>:B@?UD⌫QJR G><=EFHIBJ=>>?=@>F>KLMNCXWBW NY@W O⌦QR:;<=>>?=@>F>KLNM UGVW[\I]KC@>;@ ^AYRAM_R #%><B9* &# W@JUhKHh\\ ZDf;]WKh (# W@JE@C ?WMDrK>KU]Vm # W@JZEB@N ]MWocTG>⌫h@=KC

&C/45D, G><o@W=>>?=@>F>K`@>:B@?UD⌫QJR =>>?=@> =>>?=@>

(2;.#!<1$ ( ( (

.? @@A

=E6%.#!<1$ ( ( (

ZHJ?⌫ W#D# =>>;K=@>c AM;bMJJc UGVWUad@WT=@>:;<=>>?=@>F>K`@>:B@?UD⌫QJR :;<=>>?=@>F>K`@>:B@?UD⌫QJRkHI>MF=@>^AYRAM_RC@=:;<=>>?=@>F>KLMNU?iQE &7 ]jLf@:? (*/7 456%7⌫9/0! '%$#2+:3;<*+ &# ]KC@>;@dM_WAEWBKo⌫F>K`@>:B@?UD⌫QJRdERF>KLMN^a<F>KLMNJYEJ (# ^AYRAM_ReQ@JF>K`@>dERF>KLMNgW=aTY?UdI@>YB?UGVW:;<NXR@WF>K`@>:B@?UD⌫QJR # ]KC@>;@^[WR@W^a<[a=@>HXUWKW=@>F>K`@>:B@?UD⌫QJRN⌫Q:;<NXR@WUDWE /# >@JR@W[a=@>F>K`@>:B@?UD⌫QJRAYE:;<=>>?=@>

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management

⌧ " ⌧ "

#

G &# $ # u $ (# $ # v # $ # w â˜ş

AAF

H

s " 4 #&'())7t

G I / / /

G I / /

$ " % ⌧

#

$ & ' ())* #

" " " +, &# - " . (# - ' . # '

- . /# " . *# . 0#

- # $ " 1 # (2(*/3 $ & ' ())*'

% ⌧ 4

#

5 $ "

- # G &# $ # (# $ # u $ # $ #4 w u

AAF

H

G I ( ( (

5 $ "

G I ( ( (

$ 6 5 $ "

# 5 $ "

- $ &7' ())/# &# " " . (# " " 8 " 9 5 $ " . # " 8 " 9 . /# " #

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà 9:;<==><?=@=AB?=9C?>DE⌫GHIJKLMNOINPQI9:;RSI?T@=AB?=9C?>DE⌫GHIU⌦GIW=;<X@KLCH <==><?=YZ[L PK<?= YZ[L PK<?=RPGCJW @=A\PR YZL[PK<?=X?C]^E_G?HR=P`H?<=@]99a YZL[PK<?=X?C]^E_G?HN=C[EX@b?HcT Ma;YZL[PK<?=X?C]^E_G?H cBL>⌫BTL?R⌫G =P@YAKdX@ KPIT⌫Q '( e⌦<\?Ma;W=;D>AT9C?>DE⌫GHI =;KP@9C?>DE⌫GHIR⌫G[;D<AKf⌦QT[?<WP[[PHb?HTX<Ma;+B=gXWP[[PHb?HcTYa<=;R@NOX<?= KSDTATI?T =C>RPQIDETXMTCR?I@=AB?=9C?>DE⌫GHI ,( KSDTAT<?=@=AB?=9C?>DE⌫GHIN?>MTCR?IR⌫G<SBTKJCL ( NAKN?>Ma;=?HI?T<?=KSDTATI?TNOX9:;<==><?=@=AB?=9C?>DE⌫GHI 9:;RSI?T@=AB?=9C?>DE⌫GHI<SBTK<?=E=]W=?HI?TNOX9:;<==><?=@=AB?=9C?>DE⌫GHI XHO?ITLXHW⌫a; , 9=PQI `A[?=:? D`gGXTSDETXNOX9:;<==><?=@=A\PR U⌦GIf:;T⌫QR]<BTOCHI?TR⌫GD<⌫GHCfLXIJKL=OC>CAD9=?;BhW=;D>AT9C?>DE⌫GHI Ma;[PKRSMYTI?T @=AB?=9C?>DE⌫GHIXHO?INOXDTgGXI `=LX><P@`PiT?W=P@W=]I D`gGXaK9C?>DE⌫GHIR⌫G[;>⌫Ya<=;R@NOX<?=KSDTATI?TfXI@=A\PR @=A\PRHPIJ>O>⌫9:;XT]<==><?=<SBTK9O?NX@MRTMa;E==B? MNO>⌫T^H@?H<=;@CT<?=`A[?=:?9O?NX@MRTD@gQXINLTR⌫G DB>?;E>^KHcdLfLX>Za9O?NX@MRTfXI@=A\PRcTj]=<A[W=;DbRDK⌫HC<PT Ma;>⌫fT?Kc<aLD9⌫HI<PT=C>RPQIYaW=;<X@<?=fXI @=A\PRW=;<X@<?=`A[?=:?<SBTK <OXTTSDETXfX9C?>DBkTNOXR⌫GW=;d]>YZLlgXB]LT

$%&'()'*+,%-./012$%&)&34%&'(%+56⌫8-9

$%&'()'*+,%-./ 9:;<==><?=<SBTKcBL>⌫=;D@⌫H@<?=WmA@PNAI?TXHO?IDWkTa?HaP<\:hXP<\= >⌫ESTP<N=C[EX@b?HcTRSBTL?R⌫GN=C[EX@ <?=WmA@PNAI?TfXIR]<BTOCHI?T RPQIBTOCHI?Tj]=<A[Ma;BTOCHI?TETP@ET]TcBLDWkTJWN?>=;D@⌫H@R⌫GC?IJCL=C>RPQIW=;D>AT W=;EARjAb?`Ma;9C?>D`⌫HI`XfXI<?=9C@9]>b?HcTfXIBTOCHI?TTPTQ n=C>RPQIW=;D>ATW=;EARjAb?`Ma;9C?>D`⌫HI`X fXI<?=9C@9]>b?HcTfXIBTOCHI?TTPQTn RPQIT⌫Q9:;<==><?=KZMacBLESTP<N=C[EX@b?HcT>⌫9C?>DWkTXAE=; E?>?=l RSBTL?R⌫GN=C[EX@Ma;lOCIK]aJKLXHO?IDNk>R⌫GMa;cBL=?HI?TYa<?=N=C[EX@^KHN=INOX9:;<==><?=N=C[EX@DWkTW=;[S N?>MYTI?TR⌫G<SBTKJCL $%&)&34%&'(%+56⌫8-9 9:;<==><?=<SBTKcBL>9⌫ :;D[L?BTL?R⌫G@=AB?=9C?>DE⌫GHI W=;D>ATWP[[PH9C?>DE⌫GHI U⌦GIX?[>⌫Ya<=;R@NOXDWQ?B>?H <?=KSDTATj]=<A[fXI@=A\RP Ma;RS<?=CAD9=?;Bhl⌦IDBN]<?=:hR⌫GRScBLD<AKWP[[PH9C?>DE⌫GHI <SBTK>?N=<?=@=AB?=9C?>DE⌫GHI cT<?=NAKN?>DBN]<?=:hR⌫GDWkTE?DBN]fXIWP[[PHDE⌫GHI Ma;DETX>?N=<?=cT<?=[PK<?=<P@9C?>DE⌫GHITPQT `=LX>cBLDETX XHZOcTMYTI@W=;>?:W=;[SW⌫

:&3-;&&+;*&$3:

9:;<==><?=@=A\PR JKL>⌫<?=W=P@W=]I 79ZO>gX[=AHj==>7 ESB=P@<?=W=;<X@j]=<A[ <SBTKfLXW=;`oNAWmA@PNA ESB=P@ cBL<==><?= YZ@L =AB?= Ma;`TP<I?T H⌦KlgXcT<?=WmA@NP AI?T Ma;JKL=C@=C>fLX`⌦IWmA@PNAKPI<aO?C[PKRSDWkTDX<E?= U⌦GI>⌫E?=; 9=X@9a]>=C>JWl⌦I<?=WmA@PNANOX`TP<I?T YZlL gXB]LT aZ<9L? 9ZO9L? 9ZOMfOIfPTR?I<?=9L? EPI9>Ma;EAGIMCKaLX>EOCT=C> Ma;KZMa cBL>⌫<?=WmA@PNA[=AI[PIXHO?ID9=OI9=PK

,%(2<=>/?012(36@-A@B/C

9:;<==><?=JKL>⌫EOCT=OC>cT<?=cBL9C?>DBkTdX@ CAEPHRPeTh b?=<A[ <aH]Rjh DWQ?B>?H MYTj]=<A[Ma;I@W=;>?: fXI@=A\RP NaXK[T<S<P@KZMacBL_G?H[PK<?=KSDTAT<?=cBLDWkTJWN?>MYTj]=<A[Ma;I@W=;>?: R⌫G<SBTKJCLXHO?I>⌫W=;EARjAb?` Ma;W=;EARjAYa D`gGXD`AG>>Za9O?R?IDe=\p<A[EZIE]KcBLM<O<A[<?= Ma;9C?>>PGT9IEZIE]KcBLM<OYZLlgXB]LT =C>RPQI>⌫<?=NAKN?><?= KSDTATI?TcTD=gGXIKPI<aO?CXHO?IE>GSDE>X cT<?=W=;d]>9:;<==><?=@=A\PR 9:;<==><?=JKL[KP cBL@=A\PR>⌫=;@@<?=9C@9]> b?HcTMa;<?=N=C[EX@b?HcT Ma;>?N=<?=@=AB?=9C?>DE⌫GHIR⌫G>⌫W=;EARjAYa 9:;<==><?=>⌫W=;E@<?=:hcTMNOa;KL?T W=;E?TI?T<P@YZL@=AB?=^KH<S<P@KZMacBL<?=@=AB?=KSDTAT<?=N?>T^H@?HR⌫G<SBTKJCL

$%&&(+4&DE0-$F?04/G9

W=;j?T<==><?=@=A\PRJ>ODWkT@]99aDK⌫HC<P@<==><?=YZL[PK<?= D`gGXDWkT<?=M@OIMH<BTL?R⌫GcT<?=<SBTKT^H@?H <?= <S<P@KZMa Ma;<?=@=AB?=XX<[?<<PT Ma;DN=⌫H>9C?>`=LX>`PiT?X@=>D[L?BTL?R⌫G@=AB?=

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management

!⌧

# $ %& '( ) * * ⌧ + ) * ( ,(

# ( #

(

)

# ) ) . )( / * 0 ) * #

( * * * $ ) )1 ( 2 3 $& ) ) ) $ 1 $ $ ) $ 4 # )1 # ( . 5 * ) $

4 # # # $ ) $) / 6 ) ( ) 5 ) $ * )( $ / 6 . * / 6 ) / $ ( .

* )

)1 $ $0 * )4 *

)

# *

$ $ ( )1 . * 7 . ! 7 # $ * $ $ * $) ⌧ * ) $ ( # * $ * # ) ) * $ * ) ) ⌧ ( . * )1 * ) $0 * $ $ # * * $

$ ) * ) ⌧ 4 )1 *

# ) ( 8 #& $ ) . 1 ( . )1 )

# *

( / . * ⌧ * ) #

* *

( ! " ⌧ . $

$ ) *

⌧ * * (

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà $%&'()*%$&&+$%&,-./012&34%&

56%+&0156%+781%9:9*$%&;<32(=34*1%>⌫@ @ABCDEFAGHIDJK⌦MNOPQRSNDTUVMNWGJAAQJPA E⌫YZGF[VMESHI[PE⌫Y\]^_RBE`BE⌫YQ⌫Va]bUVMc]Q[ ⌫RbOId\[eR⌫aEfJgYPaVabPMK]JF[VM ^_GehiI`AAQ ejkYVNOPQelkYVQDYIUVM@fNN_E⌫YeJ⌫YaOU[VM^_GNOPQeZABTUVMJBZJPAmIAGaGaPO @ABCDEZ⌦Md\[RAAHP@fNN_E⌫YQ⌫ NOPQA][NOPQRPQPAK^_GhAGR@JPAWnESMPIehiIVabPM\⌫ eU[PESHI[PE⌫YehiIJAAQJPAmINWGJAAQJPA@ABCED ejkYVESHI[PE⌫Y EDoMJPARV\RbVM\]^_JPAhpB@DFBFPQJqAGe@⌫a@FbPMr JPAVIfQFD B^cI`fAJBZ AOQEDoMJPARA[PMQPFAsPImIJPAJSJD@\]^_JBZJPA ^_GJSHI\EBtEPM^_G^cIJ_afE`nJPA\SeIBIMPImIVIPNF\[Oa ,/*$%&AB2>CD=E,4*FG,-.$%&'()*%/012&34%& ejkYVehiIJPAFAGeFA⌫aQjIDJMPIdO[AVMAD@FS^HIbMEPMJPA@ABHPA @ABCDEd\[ZD\ES^cIJPAjDuIPc][@ABHPA v\aQ⌫JPA jBZPAWPc][@ABHPAE⌫YQ⌫c_JPAhpB@DFBMPI\⌫e\bI ^_GQ⌫tDJawPj RPQPAKZGjDuIPmH[AD@wPAGHI[PE⌫YR]MU⌦oId\[dO[mI^Fb_GgYPaMPI ^_GQ⌫JPAFB\FPQc_RSeAiZmIJPAjDuIPejkYVJPA^FbMFDoMe_kYVIFS^HIbMh⌫_G , NADoM $%&H⌦$C2&+,-.$%&94156%+&01 @ABCDERbMeRABQmH[JAAQJPA c]@[ ABHPA ^_GjIDJMPI eU[PV@AQ^_GRDQQIPelBMhpB@DFBJPA ejkYVISNOPQA][QPlbOaJDIESMPI mH[eJB\hAGvalIn^Jbc][Q⌫RbOId\[eR⌫a mH[FAMFPQIva@PaeJ⌫YaOJD@JPAJSJD@\]^_JBZJPAE⌫Y\⌫E⌫YJSHI\dO[\[Oa mIh⌫ (xx) gYPajDuIPEADjaPJA@fNN_d\[ZD\mH[JAAQJPA^_Gc][@ABHPAQ⌫JPAg⌦JV@AQEDoMRBoIZSIOI ,* H_DJR]FA E⌫YRSNDTr VPEB elbI H_DJR]FA -. / ' 0-#1 -0 #'-'-2#0 . 1& 234 H_DJR]FA 2. / ' 0-#1 2-- 0 '#2#'15 . 1& 234 JPARDQQIPejkYVJPAJSJD@\]^_E⌫Y\⌫UVM@ABCDEZ\EGe@⌫aI H_DJR]FAvNAMJPAhoVMJDINOPQh_V\wDaU[VQ]_NVQjBOeFVAnNADoME⌫Y * c_JAGE@JPA^J[dU j"A"@"H_DJEADjan^_GF_P\H_DJEADjan eENIBNmIJPAjDuIPJPA@ABHPANOPQeR⌫YaMmH[Q⌫NfWNbP^_GaDYMakI ' # 2'5'5& & 17. 89())* ' 0%# . 2-#'-0% vNAMJPAhAD@hAfMQPFAsPI '%1 ;)),<())) ^IOEPMhAD@hAfMJPAJSJD@\]^_JBZJPAmIHQO\JPAhpB@DFBFbVc][KkVHf[I ^IOEPMhAD@hAfMJPAJSJD@\]^_JBZJPAmIHQO\NOPQAD@cB\lV@UVMJAAQJPA JPAAPaMPIJPAJSJD@\]^_JBZJPAFPQH_DJ -& mHQb H_DJR]FAZPJNOPQAD@cB\lV@FbVRDMNQdhR]bJPAjDuIPhAGeEtVabPMaDYMakI H_DJR]FA 0=061. '5#0& 2#0 + %#2 #0&> ?1 7%'50%% %7--0%%

5F%=C2,>*$&&+$%&,-./012&34%&

*JK2%K9*$%&:F%K5F%=C2,>*$&&+$%&2&3L(> NWGJAAQJPA@ABCDE Q⌫JPAJSHI\Iva@PaJPAZbPaNbPFV@^EI^_Gc_hAGvalIn v\aZbPaehiINbPFV@^EI^_GHAkV NbPjPHIGAPae\kVI Q⌫H_DJeJWynE⌫YlD\eZIvhAbMmR ^_GVa]bmIAG\D@E⌫YeHQPGRQ v\aNSI⌦MK⌦MUV@eUFUVMHI[PE⌫Y@E@PE^_G NOPQAD@cB\lV@UVMNWGJAAQJPA@ABCDE ^_GNWGVIfJAAQJPA^Fb_GNWG JPAZD\RAAeO_PE⌫YZGhpB@DFBHI[PE⌫YmH[JD@@ABCDE UIP\UVM@ABCED eQkYVehA⌫a@eE⌫a@JD@@ABCDEE⌫YQ⌫`fAJBZN_[PaN_⌦MJDI^_GF[VMehiIdhFPQJqHQPa^_GAGe@⌫a@E⌫YeJ⌫YaOU[VM EDoMI⌫o aDMd\[Q⌫JPAJSHI\^IOEPMJPAhAGeQBIc_MPIhAGZSh⌫UVMNWGJAAQJPA@ABCDE *JK2%K9*$%&:F%K5F%=C2,>*/012&34%&&.D(2A0G @ABCDEQ⌫Iva@PaZbPaNbPFV@^EIc][@ABHPAAG\D@R]MmIVDFAPE⌫YeHQPGRQ^_GdQbeJBIRQNOA v\aZGjBZPAWPUV@UbPaNOPQ AD@cB\lV@ wPAGHI[PE⌫YUVM^Fb_GFS^HIbMMPIE⌫YF[VMhpB@DFBmH[ehiIdhFPQNOPQNP\HODM HAkVehoPHQPaUVM@ABCDE NfWNbPUVM MPIE⌫YQ⌫FbV@ABCDE v\aZD\ESehiIvNAMRA[PMeMBIe\kVI ^_G^cIJPAZbPaNbPZ[PM mH[QN⌫ OPQeHQPGRQ ehiI`AAQ Q⌫JPAZ]MmZ RPQPAK eE⌫a@eN⌫aMd\[JD@J_fbQ@ABCDEE⌫YQ⌫`fAJBZN_[PaN_⌦MJDI ^_GF[VMehiIdhFPQJqHQPa^_GAGe@⌫a@E⌫YeJ⌫YaOU[VM EDoMI⌫oJPA@ABHPA NbPFV@^EIZGU⌦oIJD@JPAhAGeQBIc_MPIhAGZSh⌫UVMc]@[ ABHPA NbPFV@^EIZGdhmI^IOe\⌫aOJD@c_JPA\SeIBIMPIUVM@ABCED ^_GJPAhpB@DFBMPIUVMc][@ABHPA^Fb_GAPa

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management ⌧ ⌧ ⌧ ⌧ ! " # $ " ⌧

# ⌧ ⌧ ⌧

" % "

# ⌧ & & " ' ())* +

,* ⌧ -. / ' 0-#1 -0 #'-'-2#0 . 1& 234 2. / ' 0-#1 2-- 0 '#2#'15 . 1& 234 % & & 6 - # * % . - % ' 2 % 0⌧ 2

' # 2'5'5& & 17. 89())* ' 0%# . 2-#'-0% . : '%1 ;)),<())) &

& ! -& - < - % % 5

- < 0=061. '5#0& 2#0 + %# 2#0&> ?1 7%'50%% %7--0%% ⌧ ! "

# 9

!

" & ! " ! " # # ⌧ ' ! ⌧ ⌧

⌧ ⌧ ! " #

" ⌧ ! ⌧ "

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà 123456789 :9;⌫ %% 7=>;⌫ %#? 6@ABC8DEFG23H123456789423IJ :KF7L2L@@ML3@7=>NO6F @AK3@ PEHM⌫@3H=>Q5⌫HEECI9⌫R !"!⌫$%&'" ()%*+" ;<<=; < 1X>L@@ML3@6@AK3@ 1X>L@@ML3@4@YGZ56 123[3K9>L@@ML3@ <)= A>?")"< @BC*BDEF ;<<=; <GCH>(E; < IJGCH <+K < QIA9QE\59 P69CZ L5I8]9Z^@5IQ=⌫RHI_⌫[ <)=

, >?")"< @ # ' &# 3

>?")"%*+" #& % ?? 456 35

>?")"< @ # ' &# 3

, 36 >?")"%*+" & & U 454 .5

>?")"< @ % % %

, 36 >?")"%*+" &%& U & &'U % % % :5-635:6:

, >?")"< @ % % %

>?")"%*+" % % & &?& %#' 65, -5,4,

; <&<JOD= SJ;<<=; < 1X>L@@ML3@M⌫L^K9E;@>_]MPEH;L4AQ;q9;@>G^i3H:9 YC9 K=CIZAR9D4@M3Z8⌫m # 7=>i3H:9 #% YC9 8]LZAR9D4@M3Z 8⌫m & ' 7=>M⌫L3@;@>_]M[AQkBQ[AmM43M1Y3MG^Q;q9 PEHM⌫L3@L^K9EY3@>_CEQG9=2YIK9F3 7=>M⌫Y3@>4AE43MN=L3@E^Q9A9I39 Q;q9;@>G^ Q=t39]L3@6@ABC8DEFGCE8^K9CIZ\5Q_Ar;@>_]M[@F5M@>Q6⌫H6Y3@>L3@;@>_]M7=>Q5LZ3@L259L3@;@>_]M=2YIK9F3DM2 9F5HLY23 YC9 Q[\m5:KF1X>L@@ML3@DEFMQ⌫ Y=3k⌦LB3tF5MO=5H23IQ[⌫HI[5L259QtF3@2YM;@>_]M ;L4AL3@;@>_]M742=>1@CRIG>:_FQY=3 ;@>M3X ' _CmYPMI PEH:9;⌫ %% 8⌫mN239M3 1X>L@@ML3@M⌫L3@;@>_]M43MY3@>;L4A@YM8CRIZAR9 # 1@CIR 8CRI9⌫R DEFM⌫L3@GE6C98⌦L L3@;@>_]MQ;q9=3H=CLBXs5CLB@ GCEQLq6@3HI39L3@;@>_]M8⌫mN239L3@@C6@5IG3L1X>L@@ML3@ [@F5M:KF1X>L@@ML3@7=>NOF8⌫m QL⌫mHYtF5I4@YGZ56DEF Z@];L3@QtF3;@>_]Mt5I1X>L@@ML3@6@ABC87=>123456789@YM742=>8239ECI9⌫R < @OP$

&( ( '( #( %( ( ( U( ?( & ( &&( & ( &'( &#(

93HP_4A PZiX[9A_ [(4(5([C9kCLEAl YAQkBiCLE⌫ 93H6CXn@ =ARY;@>QZ@Ao 93HQ=3 4AI Dp 93H53G M9CZkA@AQ[qr 93H5CI1X⌫ Y@8@C[Hs 93H5@]X GA@_Y3=3 93HQ_AE_O PZiX[9A_ 93I[@[AM= G]@][C9j]s 93HYAZ]8jAl YIks85Ik@⌫ 93H5M@ 5CkY39C98s 93HP5Y38 [C9j]s;@⌫_3LAG 93I[@@Xt9A443 6]r1@5I 93HDL@Y]uA 9AY3k9C989s

? K" *

;@>j39L@@ML3@ L@@ML3@ L@@ML3@5AZ@> L@@ML3@ L@@ML3@5AZ@> L@@ML3@ L@@ML3@ L@@ML3@ L@@ML3@5AZ@> L@@ML3@ L@@ML3@ L@@ML3@ L@@ML3@5AZ@> L@@ML3@NOFGCEL3@

>?")" <(Q* !"<)= A !F %RH &<JOD=

#`# `# #`# '`# #`# #`# #`# '`# `# #`# #`# #`# &`# #`#

## # # # ?& &U #

K= @%K D 55L43MY3@>QM\m5 % QM(H( %

=355L & 4(1( %

QtF3:KM2 ? [(H( %

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management ⌧ , , . / 0 1 11 2 / 0 1 11 2 S⌧ ! # #& # & & T )

' % ' 0 &# ?? &# U 0 1 3 456 35 3 454 .5 7⌧ 9 , V W 0 1

/ % % %

, 0 1 11 2 % % & &?& %#' 65, -5,4,

, . 0 1 11 2 &%& U & &'U % % % :5-635:6:

/ % % %

! " # $ #% $ & '( " ( ) " " " " * " ( + , "+

"

" " "

" "( - " . ' ( # " ! ( / "

( 0 "

! " ⌧ ! ( ,

! + / " L / &( / ( ) , ( V ( ) ( V . a . '( / ( b

#( / ( b " W %( / ( T c / ( / ( T ". a ( / ( T ) U( / ( ) , ?( / ( V â˜ş & ( / ( a e " " &&( / ( T T

& ( / ( f V . c &'( / ( V .

. " &#( / ( g h

M ) ! ! ! ! ! ! ! ! ! ! ! ! / " " !

/ A N F #`# `# #`# '`# #`# #`# #`# '`# `# #`# #`# #`# &`# #`#

## # # # ?& &U #

/ 0 " " T %

0 " f &

â˜ş h ?

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà "#$%&'(#)*+,#"$

-.#()*+,#"$ /0(1()*+,#"$234)$56&78 9,:)$56&7;(<+$=3

?@ABCD E@FGHDIJKLM NOECP QRSTUVW ?@ABCD HX PC??YAZ [⌫ XYCGKAVX]T NOECP ?@ABCD E@FGHDIXYCGH^EKT@ NOECP $1C

D⌫ @ '$ '% )%

SV_Z` . XV D⌫ ?F '> '$ )) ?

G1&G-5"#$7⌫H)$56&78 ;I."&)%(&"4#( V^EHSVa^NTEET@bS]X_Tc^?dDVbV@efg^G HGAVHPa^V HGAVKRD?E^GDFVKO@^GHY⌫h`GU⌫I X_TY_ZGHZYT H?⌫h`HY⌫h`G H?⌫h`g`CV iYi dY]Z ?@ABCD`CGR⌫KZCKPAET@bS]EC?IVCEGTV ^TDA HU_V ET@f@jECVU⌫ZAcdYjKFgLTIEYF_R HX@a^k Gd??IVCEGTV ET@c@ZNKFgLTIf@jNOf⌫ HflVc]V "#$%&'(#)*+,#"$ ?@ABCDbS]XZTRKOXCmdE_IVCEGTV JP`na^Z_THflVD@CI`TE@KOXCmD⌫kKTRT@noYCEPCVbS] LT@EANg^G^GXpE@?@@YFoYKOH@lNcTR HfhTSRT`D⌫kEOSVPqZ]^`_TGR⌫f@jKADrALTIdYjf@jKADrAoY N⌦GEOSVPVJ`?T`K_GHK@ARbS]IVCEGTVqP]@C?ET@ICtVTXZTR@e] XZTRKTRT@n dYjDCEBjKOS@C?ET@fuA?CcAGTV^`_TGc_^HVak^GPCGV⌫h ET@ICtVT?FXYTE@d?_GHflV $ doVP]Z`ECV Xa^ % ET@^?@RfvRVAHDw KOS@C?IVCEGTVD⌫kNCP@C?bSR_DFEXV JP`R⌫ZCcnFf@jKGXp HIak^RF_GHflVET@K@]TGZCtVr@@Rg^G ^GXpE@ N⌦GEOSVPbS]IVCEGTVbSR_DFEXVc]^GHg]T@C?ET@^?@RfvRVAHDw dYjbVf⌫ '++( ?@ABCDqP]NCP^?@R @ZR % X@CGh ' doVET@x⌦E^?@R Q # W HflVf@jNODFEf⌫ dYjbVf⌫ '++( R⌫ET@NCPDOdoVx⌦E^?@R @ZRDChGKAhV +, SYCEKec@ Q%( SV_Z`GTVW $ doVET@x⌦E^?@RHK@ARDCEBjf@jNOf⌫ KOS@C?HN]TSV]TD⌫k?@AST@ dYjIVCEGTVDFE@jPC? JP`HflVET@NCP^?@RLT`bV dYjK_G^?@R`CGKnT?CVLT`V^E bVf⌫ '++( R⌫ET@NCP^?@RPCGV⌫.h $ % ET@NCP^?@RLT`bV ) SYCEKec@ /-01 -002 &3 45640 */4 * 78 HDXVAXET@NCPDOSV]TD⌫kGTV ET@fh^GECV^CXX⌫LC`bVKnTVf@jE^?ET@ :34 -/- 47433 8 - 7 7; JX@GET@f@C?f@FG@j??GTVRTc@vTV 3* <((%.'((( :7=-&478-0 3- $ ' KnT?CVLT`V^E ?@ABCDi K_GIVCEGTVqf^?@R`CGKnT?CV^?@RLT`V^E@ZR +% SYCEKec@

+1#CD,3-J&K;("#$DL5)&M54#(

?@ABCDqP]NCPK_GIVCEGTVdYjoe]?@AST@Hg]T@C?ET@^?@R SYCEKec@HN]TSV]TD⌫kXZTRfY^PLC`bVET@fuA?CcAGTV ET@^?@RXZTRfY^PLC` DFE@jPC?cTRD⌫kEySRT`EOSVP dYj`CGR⌫ET@^?@RLTXfuA?CcAbVET@fh^GECV^CXX⌫LC`dYjx⌦E[]^RET@fh^GECVD_TH@a^DFEz qc@RTK cTR@jH?⌫`?@TUET@ bVfCNNF?CVD_TH@a^g^G?@ABCDqP]@C?ET@@C?@^G 3*6 cTR 3 3 6 H@⌫`?@]^`dY]Z

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management

@@A '$ '% )%

1 3 60 1 / 6 / 6 0 1 = 6 0 >

: . @@B '> '$ )) ?

⌧

!

! " # ⌧

$ % &

! '(() ! % ' * # ! '(() ! %( +, $ - ⌧

! ⌧ '(() . ) /-01 -002 &3 45640 */4 * 78 8 9

#

:34 -/- 47433 8 - 7 7; # 3* <((%.'((( :7=-&478-0 3- 4⌧ 8

+% ⌧ ! 8

⌧ 9 ! 9 - " 3 3 6

3*6

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà ⌫ ⌫ ' ( # ) % *⌦ , /0 1 1"2#3

! " #$% & ! - ' %⌫ !. , %' % ⌫ 9 :: $;

$ %

- 23<=>2 $ , ⌫ @ !A@ (, B - 9 * 9& ⌫9B $ % @ ( , *⌫9

40 56 7 ! " 8

4'6> ?

9 :: $;

< , - (

- 86<Q24 $ % @ ⌫9 , (( 1 9B $ % @ ⌫9 , -

90 :;

4'23 ?

9 :4 $;

- =4<444 $ , ⌫ - 9 * 9 ((

8'34 ?

⌫ ! ''

! " ⌫ $ % ! &⌫' (') *$+, * $ % ! ⌫ ($ , ! - . / , ! - . /(01 ! / , * , & ! $⌫ 2334 5 - $ % 1% ! 6 7

$ % 6 7 - ' %⌫ !. , %' % ⌫ - 8 ! CDEFGHIE JGGEFKDHLHDIM NEIOELP CJN ⌫ -9 *'( ⌫9 ! '' $ % ! &⌫9 * ( & ! $⌫ 2334 5 - $ % 1% ! 6 7

$ % 6 7 - ' %⌫ !. , %' % ⌫ - 4 ! ! ''

! &⌫9 * ( RIPD⌧ TDPDHFK & ! $⌫ 2334 5 - $ % 1% ! > 7

$ % 6 7 - ' %⌫ !. , %' % ⌫ - 4 !

<0 ' "* 3.5

9 := $;

CDEFGHIE UFEHDVDGLHDIM NEIOELP CUN -9 ( @ * ( W ) X 9$ % B @ * /* & ! $⌫ 2334 5 - $ % 1% ! 6 7

$ % 6 7 - ' %⌫ !. , %' % ⌫ - 4 !

=0 (#⌫ % 3 $

9 c2 $;

⌫

< $ % 1% , - ( < - (⌫Y9

- X ⌫ 4? $ / @ !A@ (, B Z[ELG\]F ^MD_FE]DH[< `Fa RIEb< ^'Z'J $ , ⌫ @ !A@ (, B - 9 * 9 @ (, B

- X ⌫ $ / N\deDG JKPDMD]HELHDIM

fLE_LEK ^MD_FE]DH[ ^'Z'J' 8=c8 $ , ⌫ g'J'

gI]HIM ^MD_FE]DH[ ^'Z'J' 8=:8 $ , - 9 * 9$h 1 0 A - $' ' '2 $; 23>2

4?

⌫

CDEFGHIE JGGEFKDHLHDIM NEIOELP CJN $; 236Q $ % , - ( 0 $ % - - 9 * 9 $ % ' *- X 9 ⌫ ( ( , % - * $* % - * % - * $ % , - ( 0 $ % % - - . $ % ! 5 * ,X 9 ! '' < , - ( ' )*% . WY !B( Y )- * & ! $⌫ 2334 5 - $ % 1% ! 6 7

$ % 6 7 - ' %⌫ !. , %' % ⌫ - 8 !

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Shareholders and Management OEI?NFCID =GQ Kโ ง?NTFEZ?D<=>? @A? BCDEFECG RS=I?D KQTN=FECG ,- PI- [SCF? RCMSCGM=GENS

UkLDEPLM ZkLEF] 23<=>2 gLGkFeIE CFOEFF IV iGIMIPDG]< Z[KMF[ ^MD_FE]DH[< J\]HELeDL

HCIJEGA Kโ งM?IE?GN? OEI?NFCI P??FEGA =FF?GQ=GN?

US? GT>V?I CW VC=IQ MCDEFECGD =F =GCFS?I XEDF?Q NC>M=GY FS=F = QEI?NFCI SCXQ JOF :: RFLE] 4'6> ?

B=DF BI?D?GF

ZFMDIE iโ งFG\HD_F jDGF NEF]DKFMH< gLMObIb gLMb NUT' CDEFGHIE IV UEIaM ZFLe NUT' UkLDEPLM IV U'Z' ULlDHLe UI'< THK' iโ งFG\HD_F UkLDEPLM IV mEFFM ZlIH nkLDeLMK UI'< THK' oLMLODMO CDEFGHIE IV pLHLML UkIHF UI'< THK' CDEFGHIE IV ZIlkIMlLMDGk UI'< THK' CDEFGHIE IV UkIHF UkLeDH UI'< THK' OEI?NFCI P??FEGA =FF?GQ=GN? 6 nDPF] US? GT>V?I CW VC=IQ MCDEFECGD =F =GCFS?I XEDF?Q NC>M=GY FS=F = QEI?NFCI SCXQ 8

1- PI- \=GFSCIG ]?^MI=D?IF

JOF :: RFLE]

UI=EGEGA CDEFGHIE JGGEFKDHLHDIM NEIOELP CJN B=DF NEF]DKFMH IV J]DL UEFKDH NUT' BI?D?GF iโ งFG\HD_F UkLDEPLM IV J]DL pLEFkI\]F UI'< THK' OEI?NFCI P??FEGA =FF?GQ=GN? 6 nDPF] US? GT>V?I CW VC=IQ MCDEFECGD =F =GCFS?I XEDF?Q NC>M=GY FS=F = QEI?NFCI SCXQ 4

7- PI- ]=T UEGA `=E

JOF :4 RFLE]

BI?D?GF CDEFGHIE IV J]DL pLEFkI\]F UI'<THK' CDEFGHIE IV RIPDโ ง THK' OEI?NFCI P??FEGA =FF?GQ=GN? > nDPF] US? GT>V?I CW VC=IQ MCDEFECGD =F =GCFS?I XEDF?Q NC>M=GY FS=F = QEI?NFCI SCXQ 4

CDEFGHIE< J\KDH UIPPDHHFF ZkLEF] 86<Q24 4'23 ? UFEHDVDGLHF VEIP J]]\PlHDIM UIPPFEGDLe UIeeFOF UFEHDVDGLHF DM gLMbDMO

CDEFGHIE ZkLEF] =4<444 gLGkFeIE KFOEFF IV J]]\PlHDIM ^MD_FE]DH['

:- PI- @I_ P=G=DDEIEMS?G

JOF := RFLE]

CDEFGHIE< UkLDEPLM IV J\KDH UIPPDHHFF< CDEFGHIE IV HkF qD]b oLMLOFPFMH UIPPDHHFF ZkLEF] `IMF oL]HFE CFOEFF IV iGIMIPDG]< Z[ELG\]F ^MD_FE]DH[< `Fa RIEb< ^'Z'J' gLGkFeIE CFOEFF IV iGIMIPDG]< nkLPPL]LH ^MD_FE]DH[

;- PI- @GAJS=GE aCI=D=MS

8'34 ?

4?

JOF c2 RFLE]

iโ งFG\HD_F CDEFGHIE ZkLEF] `IMF oL]HFE CFOEFF DM N\deDG JKPDMD]HELHDIM LH fLE_LEK ^MD_FE]DH[< ^'Z'J' 8=c8 gLGkFeIE CFOEFF DM g\]DMF]] JKPDMD]HELHDIM LH HkF gI]HIM ^MD_FE]DH[< ^'Z'J' 8=:8 CFVFM]F UIeeFOF 8=Q=

4?

UI=EGEGA CDEFGHIE UFEHDVDGLHDIM NEIOELP CUN B=DF CDEFGHIE IV gLMObIb NIEH iโ งlIEH g\EFL\ nkLD qFlEF]FMHLHD_F DM pIEeK U\]HIP] rEOLMDsLHDIM OEI?NFCI P??FEGA =FF?GQ=GN? 6 nDPF] US? GT>V?I CW VC=IQ MCDEFECGD =F =GCFS?I XEDF?Q NC>M=GY FS=F = QEI?NFCI SCXQ 4 UI=EGEGA CDEFGHIE JGGEFKDHLHDIM NEIOELP CJN 2443 B=DF UkLDEPLM IV HkF J\KDH UIPPDHHFF VIE HkF oDMD]HE[ IV ^MD_FE]DH[ JVVLDE]' UkLDEPLM IV HkF ZDLP UDH[ gLMb NUT' CFl\H[ CDEFGHIE mFMMFELe IV HkF iโ งGD]F CFlLEHPFMH' CFl\H[ ^MKFE]FGEFHLE[ IV HkF oDMD]HE[ IV tDMLMGF UkLDEPLM IV HkF J\KDH UIPPDHHFF VIE oDMD]HE[ IV U\eH\EF' UkLDEPLM IV HkF UEFKDH g\EFL\ UI'< THK' BI?D?GF CDEFGHIE< J\KDH UIPPDHHFF IV mFMFELe iM_DEIMPFMHLe UIM]FE_LHDIM NUT' OEI?NFCI P??FEGA =FF?GQ=GN? 6 nDPF] US? GT>V?I CW VC=IQ MCDEFECGD =F =GCFS?I XEDF?Q NC>M=GY FS=F = QEI?NFCI SCXQ 8

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà D9:dEL8⌫:XLH⌫7:QH\GHDDOH9D>dEe^NGDT?9D 5678 89:; <=>?@AB P=@Q@?;N@ R;IQ;STK9BH9DU⌦HW9

CDEFGH9DIJK=B9@ H9DLMN9CDE5;O H9DX=DB<=>?@ABHDDOH9DY@HTPH9DK⌫7LC[@GDTW\KPXKELG⌫:@867@

0) @9:8D;I PTD5Q9d9

^HeR 55 Df

() @9:L5TX5^ _F`Ia@T5

^HeR !" Df

.) @9:QTF;KbTc QBUJK8BUD⌫

^HeR !) Df

DEFGHIJEEKJHELEMNHE Z[IXINR`I nKaK⌫ + DEMooHkQXMqXJEEKqHgYEr KNHXMQeHpPegsYIt^Er\ DEMooHYE⌫XMqXJEEKqHgYEr KNHXMQeHpPegsYIt^Er\

JEEKJHE DEFGHIbcFJEEKJHELEMNHEbXHKTg⌫heS Z[IXINR`I ' ( ') NR`I ' (* + & , - & . / 0

JEEKJHELEMNHE Z[IXINR`I nKaK⌫ + % ,1 % 3 . - 3 / 0 .

3 / & ,'*(! ,% .- 4

. . / 0 ,'*!!-

-) @9:_8Q9K a\@b;JCD⌫59HTP

^HeR 5! Df JEEKJHE JEEKJHELEMNHEbXHKTg⌫heS Z[IXINR`I " ! NR`I ) + DEMooHkQLEMNHEGREJMZ ,JHETSMI$ . / 0 / & DEMooHYE⌫UHcMVeqHgYErLPcuMY ,JHETSMIJHEGIHbHEKNHXMQeHpPeGEEKqHgYEr

,$) @9:8OD 8\UQ9@\@KJ

^HeR ! Df

JEEKJHE Z[IXINR`I nKaK⌫ + DEMooHYE⌫ LPoV⌫ ZR{HpSJEcrKNHXMQeHpPe % 8. ? & / 0

= / & & 2/& ⌧ 1 & / 0 EwXKJPL 2 . / 0 & < = B . 1

C & . / 0 1 0.

/ &

8GDO 1 , 1- Df "5)7 8X⌫< "#%]%&#%]-' JEEKJHEij`ZP\JHE]Noa GIHbHEIbENpXSnQe Z[JP\ ,KNHVIH9DLMN9CDE5;O ]IE^LD⌫ "55 T_`HEaXKDEFVRKbcFJEEKJHELEMOPQ ) bEPdS ZHJJHEDEFVRK ) bEPdS H9DX=DB<=>?@ABHDDOH9DY@HTPH9DK⌫7LC[@GDTW\KPXKELG⌫:@867@ Z[IXI LEMOPQ C\PP;G\@

"#%].&C\PP;G\@' DEFGHIJEEKJHELEMNHE LEMOPQ JERSTQUDEFJPIV⌫XMY Z[JP\ H9DLMN9CDE5;O ]IE^LD⌫ "55 T_`HEaXKDEFVRKbcFJEEKJHELEMOPQ bEPdS ZHJJHEDEFVRK ) bEPdS H9DX=DB<=>?@ABHDDOH9DY@HTPH9DK⌫7LC[@GDTW\KPXKELG⌫:@867@ Z[IXI LEMOPQ

8GDO 1 , 1- Df "5)5 8X⌫< "#%],&#%]]' JEEKJHEij`ZP\JHE LEMOPQ geHKbEMgkl Z[JP\ "#%4]&#%]]' JEEKJHEij`ZP\JHE LEMOPQ geHKKHJm^YkY Z[JP\ H9DLMN9CDE5;O ]IE^LD⌫ "55 T_`HEaXKDEFVRKbcFJEEKJHELEMOPQ ) bEPdS ZHJJHEDEFVRK ) bEPdS H9DX=DB<=>?@ABHDDOH9DY@HTPH9DK⌫7LC[@GDTW\KPXKELG⌫:@867@ Z[IXI LEMOPQ 8GDO 8X⌫<

1 , 1- Df "5)( ij`^[IXeJHEspFij`ZP\JHEvwHegMITVxh^ LEMOPQ TSMIQRI JERSTQUGIHQE Z[JP\ ,KNHVI JEEKJHE LEMOPQNpPJQEPUerL⌫tMQ Z[JP\ C\PP;G\@ IPJpSQRI^MgEF H9DLMN9CDE5;O ]IE^LD⌫ "55 T_`HEaXKDEFVRKbcFJEEKJHELEMOPQ ) bEPdS ZHJJHEDEFVRK ) bEPdS H9DX=DB<=>?@ABHDDOH9DY@HTPH9DK⌫7LC[@GDTW\KPXKELG⌫:@867@ y Z[IXI LEMOPQ 8GDO C\PP;G\@

= 1 . Df "5)( 1 , 1- Df "5)! 1 , 1- Df "5)!

"#%]0&C\PP;G\@'

JEEKJHELEMNHE GIHbHEQNHEnQe Z[JP\ ,KNHVI DEFGHIJEEKJHEYEXZg^L LEMOPQ DEFVH^HzEcr Z[JP\ ,KNHVI DEFGHIJEEKJHEYEXZg^L LEMOPQ gNkbTZI ,VpLRE⌫- Z[JP\ ,KNHVI JEEKJHEYEXZg^L LEMOPQ tHEr^⌫gYr \⌫\⌫L⌫ Z[JP\ ,KNHVI"#%]]&C\PP;G\@' JEEKJHEYEXZg^L LEMOPQ n^ l⌫ l⌫ ^MITY^ErTIVPhIsIp Z[JP\ ,KNHVI"#%4,&C\PP;G\@' JEEKJHE LEMOPQ L⌫T^mIT^V TK\MbPp TlmITY^Er Z[JP\ H9DLMN9CDE5;O ]IE^LD⌫ "55 T_`HEaXKDEFVRKbcFJEEKJHELEMOPQ ) bEPdS ZHJJHEDEFVRK ) bEPdS H9DX=DB<=>?@ABHDDOH9DY@HTPH9DK⌫7LC[@GDTW\KPXKELG⌫:@867@ Z[IXI 5 LEMOPQ

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Shareholders and Management ⌧ 1 )

0) ) * 1

⌧

! 55 #

⌧ & 2 % & 3 . â˜ş '*(7

& / 0 & 3 . 8

â˜ş '*(( & / 0

() ) *

!" #

$ % & ' ( ') & , - & . / 0

.) ) /

+

' (* +

!) #

⌧ & 2 % ,1 % 3 . - 3 / 0

. 3 / & ,'*(! ,% .- 4

. / 0 ,'*!!-

+

-) ) 21 3

5! #

,$) ) 1

! #

$ % & " ! ) + % ,9 - $ . / 0 / & ,9 : - / 0

& 2 + % ,9 - 8. ? & / 0

= / & , 0- . . / 0 & A2/& ⌧ 1

& / 0 2 . / 0 & < = B . 1

C & . / 0 1 0. / &

1 , 1- " 5 "#$$#&#$$0' 1 & 0 1 )

! "#$$%& ' ⌧

! + 1 , 1- " " ",--.&#$$,' % & 0 ",--,&#$$,' % & % ⌧ )

!

1 , 1- " ) ; 1 4 < 9 3 : 1 93 & 9 . 3 )

!

= 1 . " ) 1 , 1- " 1 , 1- "

"#$$4& ' ⌧ % 1

1 <. > ? 1 % @ 9 1 % @ 3 3 . 1 "#$$,& '

& , @ - 1 ",-..& ' 24 % . )

! 5

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

â¤Ã§ÊÌҧ¡Òö×ÍËØŒ¹áÅСÒèѴ¡Òà d ⌫ ' ⌫ + d gh # ! "# $⌦ & SST U "# # $ +

' ( # ⌫ * #&+ ' ⌫ "+K O

! " #$%&'( " &N?H?PK%? E!G!⌫ ;RR"S= " 89"(T9I: ;P" UK ;&8G" I@=V WX":'?:'LY;8: ;P" UK ;&VV;?= D &KZ"9 LD!P"H;=+"9'+ ;RR"8 ⌫ " 89"( !P"H;=+"9'+ 'WW'!J'R

SKT X #

Y!

FQ

"+K _ O

! " 1 ! " 8 H&W : &N?H?PK%? E!G!⌫ FQ ;RR"S= W"," " :'RJ⌫ !P"H;=+"9'+U !V"W8 D ;RR"8 ⌫ W"," " :'RJ⌫ !P"H;=+"9'+U !V"W8 D

SZT # + ^+

"+K O

#$&% '( " =']HE )*"+:'RJ⌫T9I " @ ;?1 @9,"?K " ALI ! " : ;<'= K @=[SWtL &N '( !P"J? &N?H?PK%? E!G!⌫

SMT `⌫ # # + '#a

! " 1 #$%&'( " =']HE : ;<'= @A0('::9;H0C⌫0A9' W;?A%" &N '( &N?H?PK%? E!G!⌫

SLT b X +c + + d

! " 1 #$%&'( " =']HE : ;<'= K @=[A9' @ W" &N '( &N?H?PK%? 1_ F PK%?

SRT ⌫ ⌫ "#

#$%&'( " )*"+ "HKSW )*"+8 H&W :t"+>? &N?H?PK%? E!G!⌫

SNT #b X Xe & +

#$%&'( " )*"+ "HKSW )*"+: ;P" = '[+" :KAA9 &N?H?PK%? E!G!⌫

SPT ! Xf

=⌫] ⌦ <" "HKSW pf &N?H?PK%? E!G!⌫

FQ

"+K w O FQ "+K w O

⌫ ⌫

'⌫

JKLMNOKLMPQ ! " #$%&'( " )*"+,"+ -. / 01 2 0 JKLMLOKLMRQ 3455/6 7 - 1 01 2 0 JKLMSOKLMMQ #$%&'( " )*"+ " 89"( 01 2 0 : ;<'=>?@A B C⌫@!?8DE=+ >? : ⌫ F @,%" GH! IJK!ALI ! " : ;<'= A 'M &" " IJK! A 'M ' ( # ⌫ * #&+ ' ⌫ &N?H? F : ;<'= + +

⌫

JKLLVO + + Q #$% N?H+ " WN?' : ;P" P9' = '[+D, '\

WN?' "?ALI ! " ?S+:"+ '\H;W"P ;& I= H " A9' ! " : ;<'= E <L⌫+DE=+ &N '( JKLMWO + + Q ! " WN?' "?U?"?K@A "IPD ! IJ"W @A "IPD JKLMNOKLLVQ #$%@J⌫]+HJ"R(%"? " ['^?" '\H;W"P ;& ?' H;J" " A9' JJ0 >? : ⌫ F @,%" GH! IJK!ALI ! " : ;<'= _ A 'M &" " IJK! A 'M @,%"@ `? ! " @!B] H'?=⌫] [aV&; "+? F ' ( # ⌫ * #&+ ' ⌫ &N?H? F : ;<'= ! "# $⌦ & ;RR"S=: ;P" UK ;& !P"H;=+"9'+ ' W;8 ;RR"8 ⌫:'RJ⌫ &KZ"9 LD!P"H;=+"9'+

I "V?⌫+:'8 ['^?"@9,"?K " : ;<'= b

! "# $⌦ & ;RR"S= -0h0 0 2 pg/ r n g 61 s m o d1 r030 0 ;RR"8 ⌫WX;8;V"W8 D &KZ"9 LD!P"H;=+"9'+ ! "# $⌦ & ;RR"8 ⌫H;=+"V"W8 D @ <8 !P"H;=+"9'+@ <8 V"W8 D

F0F Q "+K w O

! "# $⌦ & ;RR"8 ⌫:'RJ⌫ !P"H;=+"9'+U !V"W8 D

FQ "+K b O

! "# $⌦ & ;RR"8 ⌫H;=+"V"W8 D AL;8V"W8 D &KZ"9 LD!P"H;=+"9'+

FQ "+K w O FQ

! "# $⌦ & ;RR"S=: ;P" UK ;& &KZ"9 LD!P"H;=+"9'+ ;RR"8 ⌫WX;8;V"W8 D &KZ"9 LD!P"H;=+"9'+

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Shareholders and Management ?59/>6394 -7A ;โ ง/>D65\/4T ,-./ 01/ 23456537 BC-9/4 ;AD>-6537

839:571 ;โ ง=/95/7>/ ?59/>639 @//6571 -66/7A-7>/

EC/ 7D.F/9 3G F3-9A =34565374 -6 -736C/9 H546/A >3.=-7I 6C-6 - A59/>639 C3HA

SST @9T [95\D6 ,5\-47-7A-

o g - 37 g F FQ -0h0 0 - d p / h4g gg 3 g q 4 p g 4 h4g gg

g 74/ / d r n g 60 hh - d 1 gg4 5 r n g 6 h 0

SKT @94T 2-7:-7566- ]337:9371

_ o g

1 - l 7 4 37 g s -3 4 6 1 f7 g r n g 6 hh 4 6 1 f7 g r n g 6

SZT @544T [-775:- E-7A-II-

q / - k 3 6 7 h g . 4 7 5 3 57 20 37 g s

SMT @9T B-65/7 B5954-_-A

1 q / - .0x0 0 x 7 4g 01 2 0 37 g s

SLT @9T BD=-9= ED716959-6-7-:DH 1 q / - . 4 7 5 4 01 2 0 37 g 1_ F

SRT @9T 8/9- 8/9-_D6C5

3 - p / 4 37 g s

SNT @94T ,5=-=397 ]95>:4C-_-73 - zu 37 g s

SPT @9T [->C/7 ]C-7=-63 3 n g pf 37 g s

FQ

o g

FQ

w o g

E9-57571

2-46 JKVVMOKVVLQ c0 0- d e -. / 01 2 0 JKVVKOKVVZQ 3455/6 7 - e 01 2 0 JSWWPOKVVSQ - d - e 01 2 0 ?59/>639 @//6571 -66/7A-7>/ f g EC/ 7D.F/9 3G F3-9A =34565374 -6 -736C/9 H546/A >3.=-7I 6C-6 - A59/>639 C3HA F E9-57571 29/4/76

FFb

JKVVNO29/4/76Q eh4 4 / - 3 i 5 g

/ 6 j 1 - g 6 k f7 / g 01 2 0 JKVVRO29/4/76Q 4l/ m g7 5 j JKVVMOKVVNQ 3 35 / g 3 i 5 g n / 5 3 i 5 g / 6 j 1 - g 6 k ?59/>639 @//6571 -66/7A-7>/ _ f g EC/ 7D.F/9 3G F3-9A =34565374 -6 -736C/9 H546/A >3.=-7I 6C-6 - A59/>639 C3HA F ;AD>-6537

E9-57571

-0h0 0 u g r n g 60 h 7 / 4 1 74/ / d r n g 60 5 6 3 6 FFv

;AD>-6537 -0h0 0 2 pg/ r n g 61 s m o d1 r030 0 h030 3 g g1 74/ / d r n g 60

FQ

w o g

FF โ ซ FFb

;AD>-6537 h030 0 4/ 4 1 . g g r n g 60

F0F Q

w o g

;AD>-6537 h 7 / 4 1 f7 g r n g 60

FQ

b o g

;AD>-6537 h030 0 7 74/ / d r n g 60

FQ

w o g FQ

;AD>-6537 -0h0 0 74/ / d r n g 6 h030 g g 1 74/ / d r n g 60

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

¤Ó͸ԺÒÂáÅСÒÃÇÔà¤ÃÒÐË °Ò¹Ð¡ÒÃà§Ô¹áÅмšÒôÓà¹Ô¹¡Òà ⌫ ! "#$ %&'% ⌫ ( ) * +, #- . /⌦1 +2 #- 3' -'%#$ 4, 3.' ⌫% ⌫% ⌫ 56 % ⌫ #⌫.% " # ⌫. 7 8/' %( - "#$7& - & % ( - ⌫1 9:

"#$ %&'% ⌫ %( - * ⌫ * 4 +; #- . /⌦1 4 +6 #- 3' -'%#$ 6 $ ' -*%

%( - # # %< * * 45+ #- . /⌦1 4+ #- 3' -'%#$ 6 "#$ ⌫ %( - # /' %&'% 1 73' %( -7& & "#$7& = 7- "#$ ' * 44;+> #- . /⌦1 44+2 #- 3' -'%#$ 4 "#$ %( - & 3' >+, #- # # -'%#$ 45

"#$ %&'% ⌫7& - & % * ⌫ * 445+ #- . /⌦1 * + #- 3' -'%#$ ⌫ ' ⌫1% & % 6+ #- . /⌦1 * 4+ #- 3' -'%#$ 4; 3.' ⌫ 56 %&'% 7# ' ⌫ ' ⌫1% ⌫. ?-%3 3.' # 7# ' & @⌦. . 3.' 3' ⌫ 7 56 ⌦ ⌫ ⌦ ' ⌫1% = 7& - & % $ *& ⌫ * ,+, #- "A& ⌫ 7& - & % ' ⌫1% ⌦ = 7& - & % 1 ⌫ = 2+ #- ? *& ⌫ 56 * 4+6 #- 3' -'%#$ 6

B $ /' "#$ %&'% ⌫ 3.' ⌫% ⌫% ⌫ 56 ⌫ #⌫.% " # ⌫. 7 8 ⌫1 9 :

"#$ %&'% ⌫ %< * * ⌫. ;4 ) * 7 * 5 +6 #- # # * +2 #- 3' -'%#$ 5 3.' ⌫% ⌫% %< * * 5>;+> #- * 1 ⌫ 56 ⌫ ⌫ %< *⌫% * 4 >+4 #- "#$ %<( & *⌫% * ;5 +6 #- 1 ⌫ 1 %< *⌫% ⌫ . 7 8 73' # *. 7 * * >5+; #- 3' -'%#$ ,6 /' %< *⌫% 1 # .*7 * . /⌦1 ⌫ &' 5+, #- 3.' C ⌫ # A# # %< . /⌦1 5+ #- %<( & *⌫% ⌫ % ⌫. 7 8 73' ⌫. ' 7 "#$' < * ;5 +6 #- # # * 46+4 #- 3.' ⌫ # . A ⌫% #= -'% &* 8&# # 3.' A 7& 3.' 7 = 7& - & % $ ⌫

⌫!

"#$ %&'% ⌫ ⌫ 1 * * ⌫. ;4 ) * 7 * 452+4 #- # # * ;4+ #- 3'

-'%#$ 4> 3.' ⌫% ⌫% ⌫1 * * 4>6+; #- * 1 ⌫ 56 ⌫ ⌫ ⌫ 1 *⌫% * ,>+ #- "#$ ⌫1 ( & *⌫% * 2 +, #- ⌫1 *⌫% # # ⌫ &' * + #- 3' -'%#$ 5 "#$ ⌫1 ( & *⌫% # # * 2+> #- 3' -'%#$ , 3'. ⌫ $73 ?- $%$% */' %&'%

/% %7# ' . A 1 "A& 3' D 7

"# $ %&# '

"#$ %&'% ⌫ &* /' E?F- 3' - * 1 ⌫ * ; ;+> #- . /⌦1 * 4 + #- 3' -'%#$ 5 3.' ⌫% ⌫% &* /' E?-F3' - /' 1 ⌫ 56 C ⌫' A ⌫1 A&' &* /' E?-F3' - +56 & # # +4 & 3.' ⌫% ⌫% ⌫ 56 @⌦. ⌫' A &* +,4 &

( #

"#$ %&'% ⌫ 7#&' . /⌦1 #= -'% ' A &* 7#&' ⌫ $ 4+ 6 & 3.' ⌫% ⌫% ⌫ 56 @⌦. ⌫' A &* 4+ , &

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

Explanation and analysis of financial position and operating results )*+,-./0+, 12341. 4* 4321+./*5 1267,.68

GH >I JKLHMNOPQ RSQOSH TUV+ WHX YNZ ZL[ZYXYWKYPZ PWKHPX HPN YH\S]P S^ _WON +, ]Y``YSHI WH YH\KPWZPX S^ _WON +2 ]Y``YSH SK 4, QPK\PHN \S]QWKPX NS ,+ RYMHY^Y\WHN \OWHMPZ YH KPaPHLPZ WHX P⌧QPHXYNLKPZ WKP ZL]]WKYcPX [P`Sd+ 92:2*726 GH >I \SHZS`YXWNPX KPaPHLPZ S^ NOP \S]QWHe WHX YNZ ZL[ZYXYWKYPZ W]SLHNYHM NS _WON 4 +; ]Y``YSHI WH YH\KPWZPX S^ _WON 4 +6 ]Y``YSH SK 6 QPK\PHN \S]QKYZPX S^ _WON 45+ ]Y``YSH YH\S]P ^KS] ZP\LKYNYPZ YHaPZN]PHNI WH YH\KPWZPX S^ _WON 4+ ]Y``YSH SK 6 QPK\PHN WHX QKYH\YQW` KPaPHLPZ S^ NOP NdS ZL[ZYXYWKe \S]QWHYPZI HW]P`eI KPHNW` YH\S]P WHX ZNSKWMP ^PPZ ^SK MSSXZ WHX XS\L]PHNZ OP`X YH ZNSKWMP W]SLHNYHM NS _WON 44;+> ]Y``YSHI WH YH\KPWZPX S^ _WON 44+2 ]Y``YSH SK 4 QPK\PHN WHX _WON >+, ]Y``YSH YH\S]P ^KS] XS\f ZPKaY\PZI W XP\KPWZPX S^ 45 QPK\PHNI \S]QWKPX NS , KPZQP\NYaP`e+ ;⌧32*=/.7126 GH >I \SHZS`YXWNPX P⌧QPHXYNLKPZ S^ NOP \S]QWHe WHX YNZ ZL[ZYXYWKYPZ W]SLHNYHM NS _WON 445+ ]Y``YSH YH\KPWZPX [e _WON + ]Y``YSH SK QPK\PHN+ gOP \S]QWHehZ YHNPKPZN QWe]PHN S^ _WON 6+ ]Y``YSH YH\KPWZPX [e _WON 4+ ]Y``YSH SK 4; QPK\PHNI [P\WLZP YH , NOP ZL[ZYXYWKe \S]QWHeI JKLHMXOPQ iS\L]PHN US+I VNX+I YH\LKKPX ^KS] YHNPKPZN QWe]PHN SH [SKKSdYHMZ NS YHaPZN YH NOP HPd XS\L]PHN dWKPOSLZYHM ^W\Y`YNe dOY\O \S]]PH\PX SQPKWNYSH YH jWK\O ,I OPH\P YHNPKPZN QWe]PHN S^ _WON ,+, ]Y``YSH dWZ KP\SKXPX WZ P⌧QPHXYNLKPZ NOWN S\\LKKPX XLKYHM NOP ePWKI dOPKPWZ YH >I YHNPKPZN QWe]PHN dWZ KP\SKXPX WZ W NSNW` WHHLW` P⌧QPHXYNLKP S^ _WON 2+ ]Y``YSHI WH YH\KPWZP S^ _WON 4+6 ]Y``YSH SK 6 QPK\PHN \S]QWKPX NS ,+

)*+,-./0+, 12341. 4* >/*+*0/+, 346/./4*6

RYMHY^Y\WHN \OWHMPZ YH NOP ^YHWH\YW` QSZYNYSHZ S^ NOP \S]QWHe WHX YNZ ZL[ZYXYWKYPZ YH > WZ \S]QWKPX NS , WKP WZ ^S``SdZ9 )662.6 kZ S^ iP\P][PK ;4I >I NOP \S]QWHe WHX YNZ ZL[ZYXYWKYPZ OWX NSNW` WZZPNZ S^ _WON 5 +6 ]Y``YSHI W XP\KPWZPX S^ _WON +2 ]Y``YSH SK 5 QPK\PHN \S]QWKPX NS NSNW` WZZPNZ S^ _WON 5>;+> ]Y``YSH WZ S^ ePWK:PHX ,+ GH >I \LKKPHN WZZPNZ W]SLHNPX NS _WON 4 >+4 ]Y``YSHI HSH:\LKKPHN WZZPNZ _WON ;5 +6 ]Y``YSH+ RYMHY^Y\WHN \LKKPHN WZZPNZ \S]QKYZPX S^ NP]QSKWKe ZOSKN:NPK] YHaPZN]PHNZ S^ _WON >5+; ]Y``YSH PlLYaW`PHN NS ,6 QPK\PHN NS NSNW` \LKKPHN WZZPNZI kH YH\KPWZPX S^ _WON 5+, ]Y``YSH \S]QWKPX NS ,I KPZL`NYHM ^KS] _WON 5+ ]Y``YSH YH\KPWZPX YH NOP \S]QWHehZ YHaPZN]PHN YH NOP RNS\f m⌧\OWHMP+ jWnSK HSH:\LKKPHN WZZPNI HW]P`e `WHXI [LY`XYHMZ WHX PlLYQ]PHN dSKNO _WON ;5 +6 ]Y``YSHI W XP\KPWZPX [e _WON 46+4 ]Y``YSH [P\WLZP WXXYNYSHW` YHaPZN]PHNZ dPKP HSN ZL[ZNWHNYW` dOY`P XPQKP\YWNYSH KP\SKXPX WZ WHHLW` P⌧QPHXYNLKP dWZ NOP ]WYH ^W\NSK \SHNKY[LNYHM NS NOP XP\`YHP YH HSH:\LKKPHN WZZPNZ+ ?/+@/,/./26 kZ S^ iP\P][PK ;4I >I NSNW` `YW[Y`YNYPZ S^ NOP \S]QWHe WHX YNZ ZL[ZYXYWKYPZ W]SLHNPX NS _WON 452+4 ]Y``YSHI W XP\KPWZPX S^ _WON ;4+ ]Y``YSH SK 4> QPK\PHN \S]QWKPX NS _WON 4>6+; ]Y``YSH WZ S^ ePWK:PHX ,+ gSNW` \LKKPHN `YW[Y`YNYPZ W]SLHNPX NS _WON ,>+ ]Y``YSHI HSH:\LKKPHN `YW[Y`YNYPZ _WON 2 +, ]Y``YSH+ ULKKPHN `YW[Y`YNYPZ XP\KPWZPX [e _WON + ]Y``YSH SK 5 QPK\PHN dOY`P HSH:\LKKPHN `YW[Y`YNYPZ XP\KPWZPX [e _WON 2+> ]Y``YSH SK , QPK\PHN XLP NS KPQWe]PHN S^ `SHM NPK] `SWH [e ZL[ZYXYWKe \S]QWHYPZ NS ^YHWH\P P⌧QWHZYSH S^ XS\L]PHN dWKPOSLZYHM ^W\Y`YNYPZI ZNWKNYHM ^KS] ☺L`e >+ AB+12B4,=216C ;D7/.kZ S^ iP\P][PK ;4I >I NSNW` ZOWKPOS`XPKZh PlLYNe S^ NOP \S]QWHe WHX YNZ ZL[ZYXYWKYPZ dPKP _WON ; ;+> ]Y``YSHI WH YH\KPWZPX S^ _WON 4 + ]Y``YSH SK 5 QPK\PHN \S]QWKPX NS ZOWKPOS`XPKZh PlLYNe WZ S^ ePWK:PHX ,+ gOP `YW[Y`YNYPZp ZOWKPOS`XPKZh PlLYNe KWNYS XP\KPWZPX [e +4 94 NS +5694 \S]QWKPX NS NOP KWNYS S^ +,494 KP\SKXPX YH ,+ ?/D7/=/.GH ,I NOP `YlLYXYNe KWNYS S^ NOP \S]QWHe WHX YNZ ZL[ZYXYWKYPZ dWZ 4+ 694I Z`YMON`e OYMOPK NOWH NOP QKPaYSLZ ePWKhZ KWNYS S^ 4+ ,94+

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ÃÒ§ҹ¤ÇÒÁÃѺ¼Ô´ªÍº¢Í§¤³Ð¡ÃÃÁ¡Òõ‹ÍÃÒ§ҹ·Ò§¡ÒÃà§Ô¹ ! ! " " # ⌫% &' ! () ⌫ ( ) ⌦+ , - ⌫ ⌫% % . ' #. ! / !' /! ! - ⌫ ⌫% 0 " 12 &

! " %) " ' 3 !4 ( ! ⌫% ⌫ ⌫%"3 ' ( ) + ⌫ ! ") - ! 4⌫! 4 ' 0 ! 0 3 . ( '0 ⌫ ) . 5⌦% 3 6 !' ⌫% ⌫ " 7 42% '0 % '(. ! ⌫ 0 3 ⌦ - ⌫ ⌫ 1 1 4⌫! 4 ⌫%( ) . 5⌦% 4!8" 42% '0 (3 42% + . '0 3( 0 2 ) ⌫% ! ⌫" ") . + (" ⌫%! 3 6 4 ! 3 6 !' 0 (" ⌫%! 2% ⌫+ &' ! (" 5⌦% " . ' ! () ⌫ ⌫ 0 3 6 !' / ! ! ' ⌫% 4 '( " 1" 2% % ! ⌫ 0 3 2% 12 . ! ! ⌫% 9: 7 ;<<=

> !/ /"6 4 ? 7

> !. 3@ # 8? +(

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

Report of the Board of Directors' Responsibilities for Financial Statements ABC DEFGH EI JKGCLMEGN KN FLLEOPMFQRC IEG MBC LEPNEHKHFMCH IKPFPLKFR NMFMCSCPMN EI MBC LESTFPU FPH KMN NOQNKHKFGKCN FN VCRR FN IKPFPLKFR HFMF FPH KPIEGSFMKEP MBFM FTTCFG KP MBC FPPOFR GCTEGMW ABCNC IKPFPLKFR NMFMCSCPMN VCGC TGCTFGCH KP FLLEGHFPLC VKMB FLLEOPMKPX NMFPHFGH MBFM FGC XCPCGFRRU FLLCTMCH KP ABFKRFPHY QFNCH EP FTTGETGKFMC FPH LEPNKNMCPM FLLEOPMKPX TGKPLKTRCNY ONKPX LFGCIOR ZOHXSCPM FN VCRR FN [ QCNM LFNC NLCPFGKE[ TGEZCLMKEPN ME TGCTFGC FPH HKNLRENC FLC\OFMC HFMF KP MBC PEMCN FLLESTFPUKPX MBC IKPFPLKFR NMFMCSCPMNW ]M MBC DEFGH EI JKGCLMEGN FNMFQRKNBCH FPH SFKPMFKPCH FP CIICLMK^C KPMCGPFR LEPMGER NUNMCSY MBCGC KN GCFNEPFQRC FNNOGFPLC MBFM GCLEGHCH FLLEOPMKPX HFMF FGC LEGGCLMY LESTGCBCPNK^CY FPH FHC\OFMC IEG MBC TOGTENC EI SFKPMFKPKPX FNNCMN FPH KHCPMKIUKPX VCF_PCNNCN FPH TGC^CPMKPX HKNBEPCNM FLMKEPN EG SFZEG FPESFRKCN KP MBC LESTFPU`N ETCGFMKEPNW ABC DEFGH EI JKGCLMEGN FTTEKPMCH MBC ]OHKM aESSKMMCC ME QC GCNTEPNKQRC IEG MBC \OFRKMU EI MBC IKPFPLKFR GCTEGM FPH MBC KPMCGPFR LEPMGER NUNMCSW ABC ETKPKEP EI MBC ]OHKM aESSKMMCC EP MBKN SFMMCG FTTCFGN KP MBC GCTEGM EI MBC ]OHKM aESSKMMCC FN NBEVP KP MBC FPPOFR GCTEGMW ABC DEFGH EI JKGCLMEGN KN EI MBC ETKPKEP MBFM MBC LESTFPU`N KPMCGPFR LEPMGER NUNMCS KN XCPCGFRRU NFMKNIFLMEGUY XK^KPX GKNC ME GCFNEPFQRC FNNOGFPLC FN ME MBC GCRKFQKRKMU EI MBC IKPFPLKFR NMFMCSCPMN EI MBC LESTFPU FPH KMN NOQNKHKFGKCN FN EI JCLCSQCG 9:Y ;==bW

>cGW aBEMC dETBEPTFPKLB? aBFKGSFP

>cGW eGK^OM fK^FNPFPHF? cFPFXKPX JKGCLMEG

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ÃÒ§ҹ¢Í§¼ÙŒÊͺºÑ-ªÕÃѺ͹Ø-Òµ ! ⌫ ! " # $% &' " & ( ⌫ ) "( * +, -. / " # & #" 0 '/ (⌫ 01 ⌫) & " * #(⌫ 02 & 3 4 '& 5 / 6 7 " # 02 )* ) " # & 0 8 #&0 & 02 & 3 4 '& 5 / 6 7 6* ⌫) & 9⌦ +, 0/ &0 & (; +, +0 6 * -,& " # - , < & 0 / * ⌫1 * (; +, +0 6 < & " /; * & 0 & * &+ & (=0 0 > & ?6⌫ ⌫ ( 9⌦ &'/ </ "+ " #(=0 0 . </ 6. )* ⌫ / + * & 0 " , ⌫ * ; 0 (; # ' ?/ . * & -⌦ & <6 0 ⌫& / &> ( #& )& 1 ⌫ (; ' 0 " #& (0 +) , < & 0 & ( # 0 / # / && ?6⌫ ⌫ &0 & <6 " #( # & &⌫ ) & )& & 0 ⌫ (; # ' ? 9⌦ +, 0/ (; +, ' ⌦1 & ( # 0 -⌦ / # & " )& ⌫ ' < & 0 3 ) 6. * & & * </ ( ⌫ (; & @A )* / # < & " /; /; * & 0 ⌫1" > #& 0 ⌫ ! " # $% + & ' 0 & ( ⌫ ) "( < * +, -. / " #& #" 0 '/ (⌫ 01 ⌫) & " * #(⌫ 02 & 3 4 '& 5 / 6 7 " # 02 )* ) " # 8 # 02 & 3 4 '& 5 / 6 7 3 )-,& ⌫ < # ' ? / && ?6⌫ ⌫ (

/ ) / ( #& & 0 < (⌫ ! 02 ( ⌫ ) "( 3) )& ?6⌫ '/ 0 < 02 )* ) & 0 ⌫ * ⌫) (; 0 ⌫ '/ & 0 8 #&0 & . </ (; ( > & ?6⌫8 ⌫ $$ 5( ( !7 . & 0 " # & 0 8 #&0 & < & ( ⌫ ) "( 3) )& ?6⌫ & * 02 ( ) / & 0 8 # &0 & '/ (⌫ 01 ⌫ $% -⌦ &' # ⌫ & ! " # $%

& 4 A

5 B 0 6 40 ⌫ ' 7 +, ?6⌫ ? # ⌫) CD

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Auditor's Report "# "$% &$'(%$#)*%(+ #, -(./0*$%1 &#1$#/ 2.3)45 6#71'/8 9474:%* E FGHI GJKLMIK MFI NOPQORLKGMIK SGRGPNI QFIIMQ OT UVJPWKFIX YOXFOP ZJSRLN [O\XGP] ^L\LMIK GPK QJSQLKLGVLIQ GQ GM _INI\SIV ` !!C GPK !!a` MFI VIRGMIK NOPQORLKGMIK QMGMI\IPMQ OT LPNO\I` NFGPWIQ LP QFGVIFORKIVQb IcJLM] GPK NGQF TROdQ TOV MFI ]IGVQ MFIP IPKIK GPK MFI QIXGVGMI TLPGPNLGR QMGMI\IPMQ OT UVJPWKFIX YOXFOP ZJSRLN [O\XGP] ^L\LMIK TOV MFI QG\I XIVLOKQB eFIQI TLPGPNLGR QMGMI\IPMQ GVI MFI VIQXOPQLSLRLM] OT MFI [O\XGP]bQ \GPGWI\IPMB f] VIQXOPQLSLRLM] LQ MO Iโ งXVIQQ GP OXLPLOP OP MFIQI TLPGPNLGR QMGMI\IPMQ SGQIK OP \] GJKLMB E NOPKJNMIK \] GJKLM LP GNNOVKGPNI dLMF WIPIVGRR] GNNIXMIK GJKLMLPW QMGPKGVKQB eFOQI QMGPKGVKQ VIcJLVI MFGM E XRGP GPK XIVTOV\ MFI GJKLM MO OSMGLP VIGQOPGSRI GQQJVGPNI GSOJM dFIMFIV MFI TLPGPNLGR QMGMI\IPMQ GVI TVII OT \GMIVLGR \LQQMGMI\IPMB hP GJKLM LPNRJKIQ Iโ งG\LPLPW` OP G MIQM SGQLQ` IHLKIPNI QJXXOVMLPW MFI G\OJPMQ GPK KLQNROQJVIQ LP MFI TLPGPNLGR QMGMI\IPMQB hP GJKLM GRQO LPNRJKIQ GQQIQQLPW MFI GNNOJPMLPW XVLPNLXRIQ JQIK GPK QLWPLTLNGPM IQML\GMIQ \GKI S] \GPGWI\IPM` GQ dIRR GQ IHGRJGMLPW MFI OHIVGRR TLPGPNLGR QMGMI\IPM XVIQIPMGMLOPB E SIRLIHI MFGM \] GJKLM XVOHLKIQ G VIGQOPGSRI SGQLQ TOV \] OXLPLOPB EP \] OXLPLOP` MFI GTOVI\IPMLOPIK TLPGPNLGR QMGMI\IPMQ XVIQIPM TGLVR]` LP GRR \GMIVLGR VIQXINMQ` MFI TLPGPNLGR XOQLMLOP OT UVJPWKFIX YOXFOP ZJSRLN [O\XGP] ^L\LMIK GPK QJSQLKLGVLIQ GPK MFI QIXGVGMI TLPGPNLGR QMGMI\IPMQ GQ GM _INI\SIV ` !!C GPK !!a` MFI VIQJRMQ OT MFILV OXIVGMLOPQ` NFGPWIQ LP QFGVIFORKIVQb IcJLM] GPK MFILV NGQF TROdQ TOV MFI ]IGVQ MFIP IPKIK LP GNNOVKGPNI dLMF WIPIVGRR] GNNIXMIK GNNOJPMLPW XVLPNLXRIQB EP !!C` GNNOVKLPW MO iOMI MO MFI TLPGPNLGR QMGMI\IPMQ` MFI [O\XGP] FGQ NFGPWIK LMQ GNNOJPMLPW XORLN] TOV LPHIQM\IPMQ LP QJSQLKLGVLIQ` dFLNF LQ XVIQIPMIK LP QIXGVGMI TLPGPNLGR QMGMI\IPMQ OT MFI [O\XGP] TVO\ IcJLM] \IMFOK MO NOQM \IMFOK TORROdLPW MFI hNNOJPMLPW YMGPKGVK iOB $$ 5jIHLQIK !!C7 k[OPQORLKGMIK GPK YIXGVGMI lLPGPNLGR YMGMI\IPMQBk EP NFGPWLPW LP QJNF GNNOJPMLPW XORLN]` MFI [O\XGP] FGQ VIQMGMIK MFI XVIHLOJQ XIVLOKQ QIXGVGMI TLPGPNLGR QMGMI\IPMQ TOV MFI ]IGV IPKIK _INI\SIV ` !!a LPNRJKLPW SIWLPPLPW VIMGLPIK IGVPLPWQ GQ GM โ บGPJGV] ` !!C GPK !!aB

lISVJGV] ` !!D

5_VB nLVGNF hXFL\IMIIMG\VOPW7 [IVMLTLIK ZJSRLN hNNOJPMGPM jIWLQMVGMLOP iOB CD

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

!"</= !" # $%&"'()*+ ,-#!. /012345 678 !"9:;9 + <!4"⌫> ?!4<2@0 AA 678 ABC

14:<9 Z 2" .'/ %&⌫ &% 4).678 29#2 &"⌫9 &":2&% 4). &% 47%"$43!><@ 2< 17!#" !'9\]4@<20T^;%#2 X;%T72. /1029&1T$ BS 678 A5 &% 47%"$4]4)_2 !4#2 &% 4 /1029&1T$ 5 7a#14⌫Y#2 @^2 /1029&1T$ 5 . # @:2&bc>;14⌫Y)%)!9,8)ad /1029&1T$ BS 5 7a#14⌫Y#2 @^2`)$"? ) 4@^2@%&17c; /1029&1T$ BSB 678 [5 &% 4]1^#a^9c0 898)!Y4;c>4 /1029&1T$ 5 . # @:2&bc>;14⌫Y)%)!9,8)ad /1029&1T$ BS 5 &% 4]1^#a^9c0 898)!Y4;c>4`)$"? ) 4" !'9\ 10$4&<⌫94;c>4 7a#14⌫Y,2##2 X2917!#" !'9\ ;c>4e <0) 4" !'9\10$4&<⌫94;c>4 &' .'/ %&⌫ 4'5.'/ %&⌫ &% 47%"$4]4 !"9:;9 /1029&1T$ BSA 678 5 &% 47%"$4 89892<;c>4 /1029&1T$ BSA 678 5 "⌫>. 4 ;2@2 678;$U# +\`)$"? /1029&1T$ BS BS 678 5 ) 4" !'9\f0:0⌫T!<T4`)$"? /1029&1T$ BS[ 678 5 ) 4" !'9\f0:10$4&<⌫94;c>4 *2 ⌫_a#1!# + "⌫>,:29 &% 40!., <0) 4" !'9\f0:10$4&<⌫94;c>4 &' 4'5.'/ %&⌫ &'

++

!"#$ %! &'

!"#$ %! %( $)# *#$ ++ +,-

+,-

C

A [[B

[

A A

B CC BA B B / [B C 5 B [ AC A / A 5 `

AC A BB B / [B C 5 ` A / A 5 `

B CC BA ` B ` B ` ` ` `

AC A ` ` ` ` ` `

BA B B[ C C B A 1 2 + 2

B A AC 1 -2 32

BA B B [ C B 123 2311

A [ B[ ,2 - 23

` [ B B CA A A

` B [B BA A

[ [C[ ` A B B C A

[ [C[ ` [ C B B

[ BC C[ C B A 3,+26 ,2+ + ,+ 2- ,2+6+

[ A A A C CA 3 ,2,,-2 , 32 2-6+

[ C A AB C ,+2+ 12161 31 26612,-

[ A A [C C[A ,6236626 3 32 6+21

1029&1T$U 8#; % #2 &% 4&UV4):<414⌦>%X;%% #2 &% 44⌫Y

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

LNLKMF HFFEG

KJE Z LHE 7 LGH LKg MLGH FhiJjLNFKEG iPPFKE JKjFGEOFKEG LPkFELlNF GFMiPJEJFG / DEFG BS LKg A5 KjFGEOFKEG JK IJKLKMJLN JKGEJEiEJDKG / DEF 5 PLgF LMMDiKEG PFMFJjLlNF / DEF 5 8 NNDmLKMF IDP gDilEIiN LMMDiKEG / DEF BS 5 PLgF LMMDiKEG PFMFJjLlNF`KFE KjFKEDPJFG / DEFG BSB LKg [5

EHFP GHDPE`EFPO NDLKG / DEF 5 8 NNDmLKMF IDP gDilEIiN LMMDiKEG / DEF BS 5

EHFP GHDPE`EFPO NDLKG`KFE

EHFP MiPPFKE LGGFEG FMiPJEJFG GLNF PFMFJjLlNF

EHFPG DELN DEHFP MiPPFKE LGGFEG 9 7 : ; 7 KjFGEOFKEG JK GilGJgJLPJFG / DEFG BSA LKg 5

EHFP NDKQ`EFPO JKjFGEOFKEG / DEFG BSA LKg 5

PDRFPEn RNLKE LKg FhiJROFKE`KFE / DEFG BS BS LKg 5 KELKQJlNF LGGFEG`KFE / DEFG BS[ LKg 5

EHFP KDK`MiPPFKE LGGFEG oJEHHDNgJKQ ELโ ง FIiKgLlNF gFRDGJEG DELN DEHFP KDK`MiPPFKE LGGFEG 9 : ; 7 9

C

A [[B

[

A A

B CC BA B B / [B C 5 B [ AC A / A 5 `

AC A BB B / [B C 5 ` A / A 5 `

B CC BA ` B ` B ` ` ` `

AC A ` ` ` ` ` `

BA B B[ C C B A 1 2 + 2

B A AC 1 -2 32

BA B B [ C B 123 2311

A [ B[ ,2 - 23

` [ B B CA A A

` B [B BA A

[ [C[ ` A B B C A

[ [C[ ` [ C B B

[ BC C[ C B A 3,+26 ,2+ + ,+ 2- ,2+6+

[ A A A C CA 3 ,2,,-2 , 32 2-6+

[ C A AB C ,+2+ 12161 31 26612,-

[ A A [C C[A ,6236626 3 32 6+21

DEFG ED EHF IJKLKMJLN GELEFOFKEG IDPO LK JKEFQPLN RLPE DI EHFGF GELEFOFKEGS

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

>(? !" # $%&"'()*+ ,-#!. /012345 678 !"9:;9 + <!4"⌫> ?!4<2@0 AA 678 ABC

14:<9 Z 2" % ⌫' %!( ⌫ &% 4& #&# 4 ![3⌫678&% 4#\]9^0 898)!Y4,2# )_2 !4#2 &% 4 /1029&1T$ B5 &,]214⌫Y#2 @]2 &% 4#\]9^0 89892<"⌫>_⌦%#-14.3- 8*29b414⌦>%U⌫ /1029&1T$ A5 14⌫Y) 410$4&<⌫94;^>4 &% 4U!4c7@]2%,:29 *2 ⌫&% 4d.]4 T $@@7@]2%,:29 &,]214⌫Y" !'9e) 4 &% 4U 8#!4c7%24 @:2b3],:29@]2%,:29 ;^>4 f <014⌫Y) 410$4&<⌫94;^>4 !% ⌫' %!( ⌫ % ⌫' ,!-%!( ⌫ &% 4#\]9^0 89892<a)$"? /1029&1T$ A5 14⌫Y) 4d0:10$4&<⌫94;^>4 &% 40!.,- ! 29d.] ! 7:<%14]2 <014⌫Y) 4d0:10$4&<⌫94;^>4 !% ⌫' ,!-%!( ⌫ !% ⌫'

""

!

; < = "" "#$

"#$

B C B`

B `A A

a a

a a

CC B C A A AAB a ` A ` BB B BA )# *) #

B BB A A ` ` ` B A`B `C ` $)$ ")

CC B AB C B B CC a B B B A *")" )

B a C BC A ` C `B B` A ` AC A )"$ )+"

A

A

a

a

B `C B CB A A`B ` C . )".#).+$ *#.) " )"#+

` C ` B C * $)++$) * * $)+*#) *

A C a A C ")*$*) ) ".)

A `` A a A `` A ")*..)" +*) . )."

1029&1T$U 8#; % #2 &% 4&UV4):<414⌦>%X;%% #2 &% 44⌫Y

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

LNLKMF HFFEG

KJE Z LHE /00 1 2 LKg DhFPiPLIEG LKi GHDPEaEFPO NDLKG IPDO IJKLKMJLN JKGEJEjEJDKG / DEF B5 PLiF LMMDjKEG RLkLlNF jPPFKE RDPEJDK DI NDKQaEFPO NDLKG / DEF A5

EHFP MjPPFKE NJLlJNJEJFG MMPjFi iJhJiFKi MMPjFi MDPRDPLEF JKMDOF ELโ ง GGFEG RLkLlNF FEFKEJDK MMPjFi Fโ งRFKGFG

EHFPG DELN DEHFP MjPPFKE NJLlJNJEJFG 3 /00 1 2 4 56/00 1 2 DKQaEFPO NDLKG / DEF A5

EHFP KDKaMjPPFKE NJLlJNJEJFG FEjPKLlNF iFRDGJEG ihLKMF JKMDOF DELN DEHFP KDKaMjPPFKE NJLlJNJEJFG 3 4 56/00 1 2 3 1 2

7 8 0 9 6 7 :

B C B`

B `A A

a a

a a

CC B C A A AAB a ` A ` BB B BA )# *) #

B BB A A ` ` ` B A`B `C ` $)$ ")

CC B AB C B B CC a B B B A *")" )

B a C BC A ` C `B B` A ` AC A )"$ )+"

A

A

a

a

B `C B CB A A`B ` C . )".#).+$ *#.) " )"#+

` C ` B C * $)++$) * * $)+*#) *

A C a A C ")*$*) ) ".)

A `` A a A `` A ")*..)" +*) . )."

DEFG ED EHF IJKLKMJLN GELEFOFKEG IDPO LK JKEFQPLN RLPE DI EHFGF GELEFOFKEGS

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

I.6 !" # $%&"'()*+ ,-#!. /012345 678 !"9:;9 + <!4"⌫> ?!4<2@0 AA 678 ABC

14:<9 Z 2"

""

!

G 7 H "" "#$

"#$

% &' ()*+,'-.* "$4& [;41$\4 "$4,."8& ⌫94 1$\4)20!] 1$\4 0^7@:21$\478 2" "$4"⌫>;;#6783- 867\<

1\$4)20!] 1$\4 0^7@:21$\478 2" ):<4&# 40^7@:21$\4)20!]

C

C

C

C

CB B

B`A `

CB B

B`A `

AC `

AC `

AC C `

AC A` ` ` BCC

<0):<4X;%b^\c[;1$\4 !"d1]: ):<4X;%b^\c[;1$\4):<44\;9 ! % &' ()*+,'-.*

A C B C / #01 10 #

C BA AB $#0# 10 #

C e $ 02 /0

C B e $20/ #0/

!- ⌫4 567 % &' ()*+,'-.*

#" 0$ #0"1"

# /0 0$1"

/2 01120#$

/ /0 1"02

#-_ "⌫>9!%_0:&# .X⌦Y4,2##2 &U7⌫>946U7% 0^7@:2X;%&% 47%"$4 /1029&1T$ A5 #-_ )8)0 ,!.) 67\< )- ;%T20#a1029 /1029&1T$ 5 )- ;%"!><_U /1029&1T$ 5 9!%_0:_.\,!.)

1029&1T$U 8#; % #2 &% 4&UV4):<414⌦>%X;%% #2 &% 44⌫Y

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

LNLKMF HFFEG

KJE Z LHE

8 C : D E 8 F

PFOJfO DK MDOODK GEDMiG

C

C

C

C

KPFLNJgFh QLJK DK JKjFGEOFKE

CB B

B`A `

CB B

B`A `

FQLN PFGFPjF / DEF 5

FKFPLN PFGFPjF / DEF 5

AC

AC

AC

AC

`

`

C `

A` ` ` BCC

A

C

C

C B

C B C

BA AB

e

e

@ 89 : 9

: ; <=> ?

/ #01 10 #

$#0# 10 #

$ 02 /0

$20/ #0/

@ A B 89 : 9

: ; <=> ?

#" 0$ #0"1"

# /0 0$1"

/2 01120#$

/ /0 1"02

89 : 9

: ; <=> ? HLPF MLRJELN fEHDPJgFh GHLPF MLRJELN MDOODK GEDMiG DI LHE RLP jLNfF GGfFh LKh RLJhefR GHLPF MLRJELN MDOODK GEDMiG LE LHE FLMH

PFjLNfLEJDK / DEF A5 FELJKFh FLPKJKQG RRPDRPJLEFh

KLRRPDRPJLEFh DELN GHLPFHDNhFPGk FlfJEm DI RLPFKE MDORLKm JKDPJEm JKEFPFGE

DEFG ED EHF IJKLKMJLN GELEFOFKEG IDPO LK JKEFQPLN RLPE DI EHFGF GELEFOFKEGS

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

% & ' ( ) !" # $%&"'()*+ ,-#!. /012345 678 !"9:;9 + <!4"⌫> ?!4<2@0 AA 678 ABC

14:<9 Z 2" &(* 29[.\@:2&3:2 29[.\@:2&#V !# 2) 4@\2678&;#)2 29[.\,2# #2 ":2& _; 29[.\@:2? 0&4⌫90678 #2 29[.\;_>4 29[.\&% 4U!4`7,2#&% 47%"$4 #-[ ,2##2 X2917!#" !'9a .;#& ⌫Y9 ! ;_>4 b ! &(* /0 12*30 T\4"$4@:2&3:2678 #2 @:2c3\,:29c4#2 12 678.-&4 4%24 @:2T; 6"4# 0#2 /1029&1T$ ]5 !/0 12*30 #-[ #:;4.;#& ⌫Y9,:29678*2 ⌫&% 4[.\ .;#& ⌫Y9,:29 *2 ⌫&% 4[.\ /1029&1T$ 5 #-[ 17!%*2 ⌫&% 4[.\ #-[ )$"? ):<4"⌫>&UV4X;%`d\e_;1$\4):<44\;9 4& ) 5 #-[ T:;1$\4X!Y4'_Y4f24 /1029&1T$ BSC5 #-[ )$"?

""

!

E F 3 "" "#$

"#$

B C B ] A A ] A C

] A ] ] ] ] ] C] C] ]

A B B ^ ^ B

B A A BB ^ ^

AAB A B]C B ] +" ,- ,+.

] A C B A B A BC AA +-$,- .,$+

] AAB A C AAB C ]B "+, +, +-

C A C B B A A] C "+,+ #, .#

]C AB ] C C B ++-,$ , ] B B C B ] A B] B /] ] A5 ,""+,-"

] B CAA B ]B ] A + .,$"., $ B ] AA B A] A ] C / ] 5 + , .,

B CBA A ] CB ] C B - , "-,. " ] B] ] B C B ] ] ^ +#,. +,- .

B ] BB C AAA - ,#"$,"$$ BB ]A A ^ C B ^ +$, ,# -

SB

SC

SB]

S ]

,-4<41$\4"⌫>;;#,-14:29678& ⌫9#3- 867\< 1$\4

1029&1T$U 8#; % #2 &% 4&UV4):<414⌦>%X;%% #2 &% 44⌫Y

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

ELEFOFKEG DI KMDOF

KJE Z LHE

6 7 8 FKELN JKMDOF EDPLQF IFFG gHLPILQF GFPhJMFG iFFG LKj GFPhJMFG

EHFP JKMDOF JhJjFKj JKMDOF IPDO JKhFGEOFKEG LJK DK jJGRDGLN DI GFMkPJEJFG KEFPFGE JKMDOF

EHFPG 9 6 7 8 :โ ง< DGE DI PFKELN LKj GFPhJMFG jOJKJGEPLEJhF LKj DRFPLEJKQ Fโ งRFKGFG JPFMEDPGm PFOkKFPLEJDK / DEF ]5 9 :โ ง<

PDIJE nFIDPF KEFPFGE LKj KMDOF Lโ ง โ งRFKGFG KEFPFGE โ งRFKGFG KMDOF Lโ ง โ งRFKGFG / DEF 5

PDIJE LIEFP KMDOF Lโ ง โ งRFKGFG FE PDIJE DI JKDPJEo KEFPFGE = >? @ LGJM FLPKJKQG RFP GHLPF / DEF BSC5 FE RPDIJE

A < ? B C A D

B C B ] A A ] A C

] A ] ] ] ] ] C] C] ]

A B B ^ ^ B

B A A BB ^ ^

AAB A B]C B ] +" ,- ,+.

] A C B A B A BC AA +-$,- .,$+

] AAB A C AAB C ]B "+, +, +-

C A C B B A A] C "+,+ #, .#

]C AB ] C C B ++-,$ , ] B B C B ] A B] B /] ] A5 ,""+,-"

] B CAA B ]B ] A + .,$"., $ B ] AA B A] A ] C / ] 5 + , .,

B CBA A ] CB ] C B - , "-,. " ] B] ] B C B ] ] ^ +#,. +,- .

B ] BB C AAA - ,#"$,"$$ BB ]A A ^ C B ^ +$, ,# -

SB

SC

SB]

S ]

kOnFP DI JGGkFj LKj RLJj^kR MDOODK GEDMpG

DEFG ED EHF IJKLKMJLN GELEFOFKEG IDPO LK JKEFQPLN RLPE DI EHFGF GELEFOFKEGS

Krungdhep Sophon Public Company Limited

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹à»ç¹Ê‹Ç¹Ë¹Ö觢ͧ§º¡ÒÃà§Ô¹¹Õé

46)= !,2W6XY/ 7) ; + -=+ >?AB ([ ⌫94 [+5! )\⌦^/'- - !_2⌫94/1_2 +a2=5-\6 ! /2 / ([ $ < ! /_ /b2'5-4 *,+-4!,X ;Z0 ! /_ /b2'5-4 ⌫9 4564'5-4c,Y baYdW6, Y/$57//Y64 46)= !,2W6_2-4 7) :; < /7-=+ >?AB ([ ⌫94 [+5! )\⌦^/'- - !_2⌫94/1_2 +a2=5-\6 ! /2 / ([ $ < ! /_ /b2'5-4 *,+-4!,X ;Z0 ! /_ /b2'5-4 ⌫9 4564'5-4c,Y baYdW6, Y/$57//Y64 ) ,- . ) /001

BUS@@@S@@@ ` ` ` ` ` BUS@@@S@@@ ` ` ` ` 4231113111

` ` ` ` 2131113111

) *

U@S@@@S@@@ ` ` ` ` ` U@S@@@S@@@

# #⌫ &+" &

A?TSU@U ` ` ` 5346,36-,

AST>@S??B ` >STU?S>AZ ` ` ` TSAZ?SZ@T

` ` ` ` -131113111

;@S@@@S@@@ ` ` ` ` ` ;@S@@@S@@@

!

;S::TSAA: >ZASA?USTA: ` ` ` >STU?S>AZ ;>ZS>;; ;TSB@US>T: ` *;@S?@@S@@@0 *>>@S@@@0 *>>@S@@@0 ;S>A?SU?A >BASA@ZS>UA

` ` ` A?TSU@U ` >@S??;S:?T Z>SZ;? >@SU:AS;T> ` *;@S?@@S@@@0 ` *;@S?@@S@@@0 ` ` *;:>S@@@0 *;:>S@@@0 0431113111 5135/73-21 -3-423624 ,163727316/

?BS@@@S@@@ ?:S:BZSTA; ` ` ` ` ` ;TSTTZS@U> ` *;@S?@@S@@@0 ` ` ?BS@@@S@@@ U@SUTUSZ@:

" & " #⌫ ⌦( ! ⌫ ! ) # " $ % " #

,/574 V -

! "#$%& '( ) *+,-./0 123 4564 7 / ⌫9 :; < /7-=+ >??@ 123 >?AB

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

⌫

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

` ` ` ` BUS@@@S@@@ ` ` ` ` 4231113111

` ` ` ` U@S@@@S@@@

` ` ` ` 2131113111

F f j k

L e f โ บ ;S >@@U E h i i F j H i j *F ;Z0 e i j e f H f e :;S >@@U E h i i F j H i j *F ;Z0 e i j W:>=:N X?<?:HA; ?; ?@ YAHAJXAG ,-3 /115

89:;9<=>?@A>

A?TSU@U ` ` ` 5346,36-,

>STU?S>AZ ` ` ` TSAZ?SZ@T ` ` ` ` -131113111

` ` ` ` ;@S@@@S@@@ ` ` ` >@S??;S:?T ` *;@S?@@S@@@0 ` ` 0431113111 5135/73-21

` ` ` ;TSTTZS@U> ` *;@S?@@S@@@0 ` ` ?BS@@@S@@@ U@SUTUSZ@:

SA@?=:A> A?G:=:N; B;;CA> ?:> IGAJ=CJ 9: L:GA?<=MA> N?=: RDDG9DG=?@A> D?=>ECD 9: =:OA;@JA:@ ;F?GA H?D=@?< H9JJ9: ;@9HK; GAO?<C?@=9: PAN?< GA;AGOA QA:AG?< GA;AGOA L:?DDG9DG=?@A> U@S@@@S@@@ BUS@@@S@@@ AST>@S??B ;@S@@@S@@@ ?BS@@@S@@@ ?:S:BZSTA;

>ZASA?USTA:

V9@?<

` A?TSU@U Z>SZ;? >@SU:AS;T> ` *;@S?@@S@@@0 *;:>S@@@0 *;:>S@@@0 -3-423624 ,163727316/

` >STU?S>AZ ;>ZS>;; ;TSB@US>T: ` *;@S?@@S@@@0 *>>@S@@@0 *>>@S@@@0 ;S>A?SU?A >BASA@ZS>UA

T=:9G=@U =:@AGA;@ ;S::TSAA:

E V L

CDEFGHI J KJIKF JELMN KOJPFQ MNONR H PFH EL NHNPDN H OL D :;S >@@T PFH >@@U

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Krungdhep Sophon Public Company Limited

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹à»ç¹Ê‹Ç¹Ë¹Ö觢ͧ§º¡ÒÃà§Ô¹¹Õé

⌫ ./01 46)= !,2W6XY/ 7) ; + -=+ >?AB [2$3$+'- - !\2⌫94/1\2 /#4 -4 - ].⌫ ! ⌫947 ! /2 /^/ 4564 *,+-4!,X :0 46)= !,2W6 ; + -=+ >?AB ,2 \ \ (` ⌫94 `+5! )a⌦c/'- - !\2⌫94/1\2 +d2=5-a6 ! /2 / (` $ < ! /\ /[2'5-4 *,+-4!,X ;Z0 + 23 4" +! ./01 ⌫ .//6 46)= !,2W6XY/ 7) ; + -=+ >??@ [2$3$+'- - !\2⌫94/1\2 /#4 -4 - ].⌫ ! ⌫947 ! /2 /^/ 4564 *,+-4!,X :0 46)= !,2W6 ; + -=+ >??@ ,2 \ \ (` ⌫94 `+5! )a⌦c/'- - !\2⌫94/1\2 +d2=5-a6 ! /2 / (` $ < ! /\ /[2'5-4 *,+-4!,X ;Z0 + 23 4" +! .//6

_ BUS@@@S@@@ _ _ _ 1576667666 BUS@@@S@@@ _ BUS@@@S@@@

_ U@S@@@S@@@ _ _ _ 5676667666 U@S@@@S@@@ _ U@S@@@S@@@ _ _ _ 1576667666

BUS@@@S@@@

U@S@@@S@@@

_ _ _ 5676667666

! + !",

% %⌫ -$

A?TSU@U _ _ 871027032

_ TSAZ?SZ@T

TSAZ?SZ@T

>STU?S>AZ _ _ 8709/7968

_ AST>@S??B

AST>@S??B

_ _ _ 3676667666

_ ;@S@@@S@@@

;@S@@@S@@@

_ _ _ 3676667666

_ ;@S@@@S@@@

;@S@@@S@@@

!

*:S;ATSUU?0 *:S;ATSUU?0 ?@S>?;S@TU >TBSBT;SU:?

?:S:BZSTA; >Z:S;;BS:@@

" #! # "

*;SZ?ZS:@A0 *;SZ?ZS:@A0 ?ZSZ;ZSABB >B;S:@AS:@U

U@SUTUSZ@: >B:S;U>SU;@

_ _ A?TSU@U _ ;ASZU;S:@Z ;ASZU;S:@Z _ *;@S?@@S@@@0 *;@S?@@S@@@0 /176667666 5273817968 .1573.27..6

_ ?BS@@@S@@@

?BS@@@S@@@

_ _ >STU?S>AZ _ ;BS@UTSA>: ;BS@UTSA>: _ *;@S?@@S@@@0 *;@S?@@S@@@0 /176667666 /979397011 .1372607265

_ ?BS@@@S@@@

?BS@@@S@@@

$# ! $# %⌫ " #! ⌦ * ⌫ " ! + % $ & ! ' ! $ %" #

,/574 V -

! "#$%& '( ) *+,-./0 123 4564 7 / ⌫9 :; < /7-=+ >??@ 123 >?AB

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

⌫

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

Notes to the financial statements form an integral part of these statements.

h e *F :0 D e f â˜ş ;S >@@T E j h h F i H h i *F ;Z0 YBIABQ Z=D=BC;F =F =? [;C;EZ;> 237 .668

h

f f ff i f

h e *F :0 D e f â˜ş ;S >@@U E j h h F i H h i *F ;Z0 YBIABQ Z=D=BC;F =F =? [;C;EZ;> 237 .665 X;=> .668 L e f â˜ş ;S >@@T

h

f f ff i f

X;=> .665 L e f â˜ş ;S >@@U

:;<=>=?; @AB=BCA=D :?=?;E;B?F

_ BUS@@@S@@@ _ _ _ 1576667666

BUS@@@S@@@

U@S@@@S@@@ _ U@S@@@S@@@ _ _ _ 5676667666

_ BUS@@@S@@@ _ _ _ 1576667666

BUS@@@S@@@

_ U@S@@@S@@@ _ _ _ 5676667666

U@S@@@S@@@

_ TSAZ?SZ@T A?TSU@U _ _ 871027032

TSAZ?SZ@T

_ AST>@S??B >STU?S>AZ _ _ 8709/7968

AST>@S??B

_ ;@S@@@S@@@ _ _ _ 3676667666

;@S@@@S@@@

_ ;@S@@@S@@@ _ _ _ 3676667666

;@S@@@S@@@

?:S:BZSTA;

>Z:S;;BS:@@

WM?=D

U@SUTUSZ@:

>B:S;U>SU;@ _ *;SZ?ZS:@A0 *;SZ?ZS:@A0 ?BS@@@S@@@ ?ZSZ;ZSABB >B;S:@AS:@U _ _ A?TSU@U _ ;ASZU;S:@Z ;ASZU;S:@Z _ *;@S?@@S@@@0 *;@S?@@S@@@0 /176667666 5273817968 .1573.27..6

?BS@@@S@@@

_ *:S;ATSUU?0 *:S;ATSUU?0 ?BS@@@S@@@ ?@S>?;S@TU >TBSBT;SU:? _ _ >STU?S>AZ _ ;BS@UTSA>: ;BS@UTSA>: _ *;@S?@@S@@@0 *;@S?@@S@@@0 /176667666 /979397011 .1372607265

?BS@@@S@@@

V;?=AB;I ;=>BABQF GFFH;I =BI L>;EAHE MB OB>;=DAP;I Q=AB U<<>M<>A=?;I <=AIJH< MB ABR;F?E;B? FK=>; C=<A?=D CMEEMB F?MCNF >;R=DH=?AMB S;Q=D >;F;>R; T;B;>=D >;F;>R; OB=<<>M<>A=?;I

E V L

CDEFGHI J KJIKF JELMN KOJPFQ MNONR H PFH EL NHNPDN H OL D :;S >@@T PFH >@@U

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

!"# ). %! / !" # $%&"'()*+ ,-#!. /012345 678 !"9:;9 + <!4"⌫> ?!4<2@0 AA 678 ABC

14:<9 G 2" # ). %! /*$## *# '/0% !$ #-R )$"? T ! # 8" #-R )$"? &TU4&% 4). ! /,:295,2##2 .-&4 4%24 G #-R ,2##2 V2917!#" !'9WX4@<20YZ;%#2 V;%Y72. 29R.[&% 4T!4\7 ! ,2#&% 47%"$4 *2 ⌫]^#1!# + "⌫>,:29Y!.,:29 ):<4&# 4'!4? !Y Y!. !`3⌫ @:2&)a>;0 2@2 ) 4" !'9WR0:0⌫Y!<Y4Y!.,:29 #-R ,2##2 ,-14:29) 4" !'9W]2< #-R ,2##2 67#&T7⌫>94) 4" !'9W #-R V;%):<4V;%\^Z]a;1$Z4):<44Z;9 #-R /V2."$45,2##2 .-&4 4%24#:;4#2 &T7⌫>946T7% X4):<4T 8#; V;%) 4" !'9W67814⌫[) 4.-&4 4%24 #$ %12⌫4 .12!5 6& 1 )#7"87! /0% !$ 9% 4'8⌦; <2/2! 7^#14⌫[#2 @Z2 ) 4@Z2@%&17a; ) 4" !'9W10$4&<⌫94;a>4 ) 4" !'9WR0:10$4&<⌫94;a>4 #$ %12⌫4 .12!5 6& 1 )#7"87!= ⌫; /0% !$ % 4'8⌦; 92/2!< &,Z214⌫[#2 @Z2 14⌫[) 410$4&<⌫94;a>4 14⌫[) 4R0:10$4&<⌫94;a>4 %! / > ? @/A'$*$## *# '/0% !$

++

!"#$ %! &'

!"#$ %! %( $)# *#$ ++ +,-

+,-

AA A

S

B S S

C B

/ AAB A5 / 5 A A C C B B / S C5 _ S S A

/C B 5 / S A 5 _ AC B S S B C C /CSS A 5 / S C 5 S

/ AAB A5 /S 5 _ _ A A BA /A A B 5 _ _

/C B 5 / C A 5 _ _ A A C C /ABC S5 _ _

C A B

/ABC BSC5

BA

/ A 5 / AC5 B CB SS C B C

/ AA S 5 _ / A A5 C CS

/ C 5 _ B CA S A

/ B 5 _ / A CA5 C

/ B5 BBA C BA S S , B+ CB---

/C SAS5 / A S S5 AS C B DB- +B C

_ C C C B A DDB + BD +

_ / A SAC5 A BE C

1029&1Y$T 8#; % #2 &% 4&TU4):<414⌦>%V;%% #2 &% 44⌫[

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

FHFJKJDFL MN HLI OPMQL

DEF G HIF F G H I J JF bcMNEF defLFKJDF FM cJgMDgEPJ DJF bcMNEF FM DJF gHLI bcMhEdJd NcMK /fLJd ED 5 MbJcHFEMD G HED MD dELbMLHP MN KHciJFHjPJ LJgfcEFEJL EhEdJDd EDgMKJ NcMK EDhJLFKJDFL kEFIIMPdEDl FHโ ง KMcFEnHFEMD MN jMDd bcJKEfK JbcJgEHFEMD DFHDlEjPJ HLLJFL HKMcFEnHFEMD HED MD NEโ งJd HLLJFL dELbMLHP HED MD NEโ งJd HLLJFL Jโ งgIHDlJ JF bcMNEF MN KEDMcEFo EDFJcJLF

cMNEF /PMLL5 NcMK MbJcHFEMD jJNMcJ gIHDlJL ED MbJcHFEDl HLLJFL HDd PEHjEPEFEJL EFJKL 9K < I cHdJ HggMfDFL cJgJEhHjPJ DhJDFMcEJL

FIJc gfccJDF HLLJFL

FIJc DMD_gfccJDF HLLJFL K 9 < I L cHdJ HggMfDFL bHoHjPJ

FIJc gfccJDF PEHjEPEFEJL

FIJc DMD_gfccJDF PEHjEPEFEJL M F J N I J

AA A

S

B S S

C B

/ AAB A5 / 5 A A C C B B / S C5 _ S S A

/C B 5 / S A 5 _ AC B S S B C C /CSS A 5 / S C 5 S

/ AAB A5 /S 5 _ _ A A BA /A A B 5 _ _

/C B 5 / C A 5 _ _ A A C C /ABC S5 _ _

C A B

/ABC BSC5

BA

/ A 5 / AC5 B CB SS C B C

/ AA S 5 _ / A A5 C CS

/ C 5 _ B CA S A

/ B 5 _ / A CA5 C

/ B5 BBA C BA S S , B+ CB---

/C SAS5 / A S S5 AS C B DB- +B C

_ C C C B A DDB + BD +

_ / A SAC5 A BE C

MFJL FM FIJ NEDHDgEHP LFHFJKJDFL NMcK HD EDFJlcHP bHcF MN FIJLJ LFHFJKJDFLp

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

%& ' ()*+, !" # $%&"'()*+ ,-#!. /012345 678 !"9:;9 + <!4"⌫> ?!4<2@0 AA 678 ABC

14:<9 G 2" %& '- - !. / &% 4). ! ,2##2 T2917!#" !'9UV4@<20WX;%#2 T;%W72. &% 4).,:29,2##2 Z[\;17!#" !'9UV4@<20WX;%#2 T;%W72. &% 47%"$4V4)]2 !4#2 &% 47.7% &% 4_!4`7 ! ,2#&% 47%"$4;[>4 &% 4_!4`7 ! ,2# !"9:;9 &% 47%"$4 89892<;[>4&' >0T⌦\4 ! @[4&% 47%"$4 89892<;[>4 &% 4V1X#bX9[0 898)!\46#:# ,#2 "⌫>&#⌫>9<TX;%#!47.7% ) 4" !'9U]2< &' >0T⌦\4 ) 4" !'9Uc0:0⌫W!<W4&' >0T⌦\4 &% 4). ! ,2##2 ,-14:29) 4" !'9U]2< ' / 0 1'2! (34215,3 - !. / %& '- - !- ': &% 4& #&# 4 !d3⌫678&% 4#bX9[0 898)!\4 ,2#)]2 !4#2 &% 4&' >0T⌦\4 /7.7%5 &% 4#bX9[0 89892<&' >0T⌦\4 ,:293- 8&% 4#bX9[0 89892< &% 4_!4`7,:29 &% 4_!4`7"⌫> !"9:;9,:29V1X#! `bX][;1$X4):<44X;9 ' / 0 1'2! (34215,- - !- ': '&.% ⌫ * ' <!=⌦? / 0 '&.% ⌫ * ' @ ⌫< 8 ! A! '&.% ⌫ * ' @ ⌫< 68 0 A!

""

!

U % - "" "#$

"#$

C B / B Y Y5 ^ ^ ^ ^ ^ /B B 5 / BY5 BC 67$ 87 6

BC A Y / B 5 A Y A ^ / 5 ^ / A B B5 / 5 A B ( 79 97 8 ,

C B / B Y Y5 ^ B Y ^ ^ ^ / A Y5 /A BBC5 A B B 8879 7 $

BC A Y / B 5 ^ Y A Y ^ ^ A / Y5 /CB C5 8#7#8 7 6"

/ C 5 ^ / A 5 / A 5 / 5 (##7 ##7 6 , 879"87 6 "78 8799# 7 7$

A YCA BC A AAC ^ / A 5 / 5 7 6#7 #$ 879 7" 676"8768 "78 8799#

/ 5 ^ ^ / A 5 ^ ( 7" 7 , 7 # 87 6"7 " 87 79

/B 5 ^ ^ / A 5 ^ (8#7" 7 , " 7#69 "8#7 8# 87 6"7 "

1029&1W$_ 8#; % #2 &% 4&_o4):<414⌦>%T;%% #2 &% 44⌫\

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

FHFJKJDFL MN HLI OPMQL / MDFEDRJS5

DEF G HIF B C D CE F G H I J H

eMfJJSL NeMK KHegJFHhPJ LJfReEFEJL SELiMLHP

RefIHLJ MN KHegJFHhPJ LJfReEFEJL JfeJHLJ ED EDjJLFKJDF ED NEDHDfEHP EDLFEFRFEMDL EjESJDS EDfMKJ NeMK MFIJe EDjJLFKJDFL EjESJDS EDfMKJ NeMK LRhLESEHek fMKiHDk DfeJHLJ ED MFIJe PMDl^FJeK EDjJLFKJDFL JSJKiFEMD NeMK MFIJe PMDl^FJeK EDjJLFKJDFL JfeJHLJ ED LIMeF^FJeK PMHDL FM eJPHFJS iHeFEJL DfeJHLJ ED NEโ งJS HLLJFL DfeJHLJ ED EDFHDlEhPJ HLLJFL

eMfJJSL NeMK NEโ งJS HLLJFL SELiMLHP K J B LE H ME F (N , H I J H B M D ME F M J I J H DfeJHLJ /SJfeJHLJ5 ED hHDg MjJeSeHNFL HDS LIMeF^FJeK PMHDL NeMK NEDHDfEHP EDLFEFRFEMDL DfeJHLJ ED PMDl^FJeK PMHDL JiHkKJDF NMe PMDl^FJeK PMHDL EjESJDS iHkKJDF RhLESEHek SEjESJDS iHES FM KEDMeEFk EDFJeJLF K J B LE H ME F (N , M J I J H K JE J B J B ON H B J B ON H โ บ N EQ 87 B J B ON H R J FS E 687

T L E C J T F

C B / B Y Y5 ^ ^ ^ ^ ^ /B B 5 / BY5 BC 67$ 87 6

BC A Y / B 5 A Y A ^ / 5 ^ / A B B5 / 5 A B ( 79 97 8 ,

C B / B Y Y5 ^ B Y ^ ^ ^ / A Y5 /A BBC5 A B B 8879 7 $

BC A Y / B 5 ^ Y A Y ^ ^ A / Y5 /CB C5 8#7#8 7 6"

/ C 5 ^ / A 5 / A 5 / 5 (##7 ##7 6 , 879"87 6 "78 8799# 7 7$

A YCA BC A AAC ^ / A 5 / 5 7 6#7 #$ 879 7" 676"8768 "78 8799#

/ 5 ^ ^ / A 5 ^ ( 7" 7 , 7 # 87 6"7 " 87 79

/B 5 ^ ^ / A 5 ^ (8#7" 7 , " 7#69 "8#7 8# 87 6"7 "

MFJL FM FIJ NEDHDfEHP LFHFJKJDFL NMeK HD EDFJleHP iHeF MN FIJLJ LFHFJKJDFLn

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

%& ' ()*+, !" # $%&"'()*+ ,-#!. /012345 678 !"9:;9 + <!4"⌫> ?!4<2@0 AA 678 ABC

14:<9 G 2"

M % E "" "#$

! "" "#$

?@+!AB C! ) !D % + %& ' 'E* FDG %H * D⌫ JH '+ ⌫K E* / <0.;#& ⌫`9,:29"⌫> !4"⌦#&bc4):<414⌦>%d;% 2@2"$4 ;2@2 81<:2%#:;) e2%f4b⌫ ABC5 *2 ⌫&% 4g.e

C

[ A

[

A

A A AC[

[ ABC B

CA

[ C

BA

A B[

BA

A B[

BA B

BA B

B [[

[ C

B A

A A

[ BC

[ A

[ C

[ A

B

CA B [

B

[

_

B

_

⌫CF!*GL* ' D % + '@ #-g "⌫>9!%g0:&# .d⌦`4,2##2 &b7⌫>946b7% 0h7@:2d;%&% 47%"$4 ) 4" !'9i10$4&<⌫94;j>4&' >0d⌦`4,2##2 d2917!#" !'9i ) 4" !'9i10$4&<⌫94;j>4&' >0d⌦`4,2#&,e214⌫`" !'9i) 4 ) 4" !'9ig0:10$4&<⌫94;j>4&' >0d⌦`4,2##2 (;4 *2 ⌫kh#1!# + "⌫>,:29 ) 4" !'9ik2< &' >0d⌦`4,2#&,e214⌫`" !'9l) 4 678&% 4b 8#!4m7%24 ) 4" !'9ig0:0⌫n!<n4&' >0d⌦`4,2#&,e214⌫`" !'9i) 4

1029&1n$b 8#; % #2 &% 4&bc4):<414⌦>%d;%% #2 &% 44⌫`

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

FHFJKJDFL MN HLI OPMQL / MDFEDRJS5

DEF G HIF

7 8 0 5 . 7 2

C

[ A

[

A

A A AC[

[ ABC B

CA

[ C

BA

A B[

BA

A B[

BA B

BA B

B [[

[ C

B A

A A

[ BC

[ A

[ C

[ A

B

CA B [

B

[

_

B

_

- . /0 1 2 3 4 5 6 7 2 4 8 /0 9 4 : 0 ; 0 < DFJTJLF Jโ งVJDLJL /EDWPRSEDX WHVEFHPEYJS EDFJTJLF MN ZREPSEDX RDSJT WMDLFTRWFEMD ED 5 DWMKJ FHโ ง Jโ งVJDLJL = >. 4 ; 6 2 . 280 < DTJHPEYJS XHED MD ED\JLFKJDF TJ\HPRHFEMD DWTJHLJ ED MFIJT WRTTJDF HLLJFL NTMK KHT]JFHZPJ LJWRTEFEJL SELVMLHP DWTJHLJ ED MFIJT WRTTJDF HLLJFL NTMK HLLJFL VH^HZPJ DWTJHLJ ED MFIJT DMD_WRTTJDF HLLJFL HL FTHDLNJTTEDX NTMK QEFIIMPSEDX FHโ ง DWTJHLJ ED NEโ งJS HLLJFL NTMK HLLJFL VH^HZPJ HDS TJFJDFEMD DWTJHLJ ED EDFHDXEZPJ HLLJFL NTMK HLLJFL VH^HZPJ

MFJL FM FIJ NEDHDWEHP LFHFJKJDFL NMTK HD EDFJXTHP VHTF MN FIJLJ LFHFJKJDFLo

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

' U # ! ' ' V,

( . !)) $ . 4 5⌦4 . ' e ' ,$ , ⌫ . + f " , g

' V, ⌫# 0

5 ⌫ 8= '6" 8 h e f 6 i, 5% , # 5. e f 6 i, ! +' ) 8 80 , g

' W (.

182 + j , " # ' + f 1 2 ! "# <⌦ &! $. ' ' .! , # 5 # 8 172 ! $ , ⌫ . + f " , g 102 ) ⌦

' * X Y i % ⌫ 78 & % )' , 09

182 %' "# 88 ) , 8 0 ) . ' 1 2 *+ , $ 7 ) , 0 ) . '

' ) 2& ⌫# Y 182 %' "# 0>;07 , 00; 7 . ' ⌫ 4 ! % ⌫ 78 & % )' , 09 1 2 *+ ,5# 8`;`7 , 8 ;>` . '

WZ[2 X %' , *+ , $ $ 5⌦4 . '' . / ⌫k . + , . ⌫ +;g; 07 <⌦

%'h⌦ + , . % ⌫+ ⌫ +;g; 0> ' ⌫0 X ⌦0 $ . Y$V\W X ] & ^ ⌫0 ); %;<⌫; ) ) $ ! +) # $

,- . / ' ( ))4 ' ( )*+ 9=; 9=; 99;99=> 99;99=>

0 ⌦0 2 ! 3

! ⌫# ! $ %&⌫ ⌫ ⌫ ⌫ ! "# $ % &⌫ "% ⌫ ' ( % &⌫ ) ! *+ , $ +- # ( . '' . / ⌫* ⌫ 00 1 ! 2 - # %' , *+ , $

⌫ ⌫ " % . # # *+ , $ ⌫ "# ⌫ ' ⌫ ⌫ '-# %" ⌦ ! " % %& ⌫ ) ! . ' ⌫ '"' . # 4 5 #'6 *+ , $ ⌫ 4 ! % ⌫ 78 & % )' 09 ⌫ ' ⌫ ⌫ $⌦ ( 5 #'6 ⌫ $ 5⌦4 . ' ⌫ '" : , $ ⌫ ⌫ *+ , $ '⌫ ."# ⌫4

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

' _86899?B 56H<9=?7E<6 ' ' I<=>?6@ C7?7LC

X ☺PSOKBOL HDSKF@ DKBIUQOKCDN P@NDS ^CIO QIV I@N QOKBDNF@ BCD YBFLm n⌧LCI@MD FR ^CIOQI@N; ' I<=>?6@ B<;?7E<6 8= pFF 8 [IKUPSI@I [FINA bVID@M qI@MHImFmA bCDB [IKUPSI@IA qI@MmFm 8 80 A ^CIOQI@N; ' `@>8 <H ALCE68CC 182 _DTDQFHO@M I@N QDIKO@M HSFHDSBJ; 1 2 ?@TDKB O@ KPUKONOISODK VCOLC FHDSIBD UPKO@DKK IK KBIBDN O@ ZFBD 8 BF BCD RO@I@LOIQ KBIBDGD@BK; 172 ?@TDKB O@ QOKBDN KDLPSOBODK F@ BCD YBFLm n⌧LCI@MD FR ^CIOQI@N; 102 ^F KDSTOLD GI@IMDGD@B LF@KPQBO@M; ' * aL=A89 <H 8=>B<@88C ?C ?7 182 ?@LQPNO@M KPUKONOISODK 88 HDSKF@K I@N 8 0 HDSKF@KA SDKHDLBOTDQJ; _DLDGUDS 78A > I@N ` 1 2 ^CD EFGHI@J F@QJ 7 HDSKF@K I@N 0 HDSKF@KA SDKHDLBOTDQJ; ' ) O=>B<@88 8⌧>86C8C H<9 7F8 @8?9C 86D8D 182 ?@LQPNO@M KPUKONOISODK qICB 0>;07 GOQQOF@ I@N qICB 00; 7 GOQQOF@A _DLDGUDS 78A > I@N ` SDKHDLBOTDQJ; 1 2 ^CD EFGHI@J F@QJ qICB 8`;`7 GOQQOF@ I@N qICB 8 ;>` GOQQOF@A SDKHDLBOTDQJ;

c?CEC H<9 M98>?9?7E<6 <H dE6?6;E?B T7?78=867C

^CD LF@KFQONIBDN I@N BCD EFGHI@J F@QJ RO@I@LOIQ KBIBDGD@BK CITD UDD@ HSDHISDN O@ ILLFSNI@LD VOBC ^CIO XLLFP@BO@M YBI@NISN P@NDS BCD XLLFP@BO@M XLBA q;n; 07 1 2 O@LQPNO@M BCD XLLFP@BO@M rSFRDKKOF@ XLB q;n; 0> 1 02; ' `F8C8 ;<6C<BED?78D HE6?6;E?B C7?78=867C E6;BLD8D 7F8 HE6?6;E?B C7?78=867C <H e9L6JDF8> T<>F<6 MLABE; I<=>?6@ fE=E78D ?6D E7C CLACEDE?9E8C ?C H<BB<gCh TLACEDE?9@ I<=>?6E8C b;c;E; cISDCFPKD EFGHI@J dOGOBDN bSP@MNCDH _FLPGD@B EFGHI@J dOGOBDN

/ N<BDE6J P8; 'Q 44R P8; 'Q 44S 9=; 9=; 99;99=> 99;99=>

OC7?ABECF8D E6 ^CIOQI@N ^CIOQI@N

56789:;<=>?6@ A?B?6;8C ?6D 79?6C?;7E<6C F?G8 A886 8BE=E6?78D E6 7F8 ;<6C<BED?78D HE6?6;E?B C7?78=867C

IF?6J8C E6 K;;<L67E6J M<BE;@ ?@ >A BCD EFGHI@J CIK LCI@MDN OBK ILLFP@BO@M HFQOLJ RFS O@TDKBGD@BK O@ KPUKONOISODKA VCOLC OK HSDKD@BDN O@ KDHISIBD RO@I@LOIQ KBIBDGD@BK RSFG DWPOBJ GDBCFN BF LFKB GDBCFN RFQQFVO@M BCD XLLFP@BO@M YBI@NISN ZF; 00 1[DTOKDN >2 \EF@KFQONIBDN I@N YDHISIBD ]O@I@LOIQ YBIBDGD@BK;\ ?@ LCI@MO@M O@ KPLC ILLFP@BO@M HFQOLJA BCD EFGHI@J CIK SDKBIBDN BCD HSDTOFPK HDSOFNK FR KDHISIBD RO@I@LOIQ KBIBDGD@BK KCFV@ CDSDO@ IK LFGHISOKF@A IK OR BCD EFGHI@J CIK SDLFSNDN KPLC O@TDKBGD@BK UJ BCD LFKB GDBCFN RFQQFVO@M BCD @DV ILLFP@BO@M HFQOLJ IQQ BCSFPMC; ^CDSDRFSDA BCD O@RFSGIBOF@ FR BCD KDHISIBD RO@I@LOIQ KBIBDGD@BK RFS BCD JDIS D@NDN _DLDGUDS 78A ` I@N KCFV@ CDSDO@ IK LFGHISOKF@ VIK BCD O@RFSGIBOF@ HSDHISDN P@NDS BCD @DV ILLFP@BO@M HFQOLJ;^CD DRRDLB FR BCD LCI@MD O@ ILLFP@BO@M HFQOLJ RFS BCD KDHISIBD RO@I@LOIQ KBIBDGD@BK OK IK RFQQFVKa

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

* 5 & ⌫ , V & ' "2 W $ : 6 $4 ! ⌫ * + # ⌫ 10 & ⌫ , V & ' "2 W " ! $ : "$?⌫ " ! ⌫

! $ &$ =⌦ ! : ?$ &$ =⌦ ! #: &$ =⌦ A #: B

! & -*1 ([/+/[3,1 ([/+/[3,1 ! & -*1

# " l

A2[12,[032B (,[\/,[,,, ([*/2[30( ,.**

⌫ ⌫ ⌫ ⌫

! " # $ %& $

' " ⌫ ( ) *++, - " $ (./0 ' " ⌫ ( ) *+12 - " $ 3.(+

⌫ ⌫

!

$4 $4 ⌦ ! ) 6 '78) ) " ⌫ ⌫ ) $ 0 9 # & 8 )

! ): ; # ⌫ <⌦ ⌦ - ! 9 ! " # $ % & '( )* +)*( # & 86 )" =

> - # & 8 9 = " ; ) : $?

$4 ; ⌫ ; ) = # & 8 9 = - # 6 " = ; @9 #: > 6 # "= ! A= : B ⌫ ! $ =⌦

⌫ ; ) $ : $4 ) "' ) : = # & 8 ⌫ = @9 '78 ) : @ " % ⌫ = # & 8 ' " ⌫ = , -./ )# ⌫0 * ! $4 ⌦ ) 9 # ⌫ ;

' ; # ⌫ %& ⌫ ) " ⌫ - ! ! 1 *-# /) $4 ⌦ $ ) ) # 9 6 ) : # 9 ; ) : ?$ ⌫ ! " ) 6 " ) : ) "' "$?⌫ ) )

2 -*1 * -*1 * 13 )

$ : 6 $4 # @⌦ $4 ⌫ $4 6# 6 : $4 ⌫ $ ?$ ⌫ $ " ⌦ # ⌦ = $ ?$6 ⌫ # # 9 ⌫ 6 )" ): $ $ = $4 $ : 6 $4 "$?⌫ ) : 6 $ %& $

+ -*1 *

& $ : 6 #: ; $ : 6 & ? $4

> - # ⌫ ⌫ @9 ) # " ) : # ) : = # & 8 ⌫ = @9 '78 ) : @ " % ⌫ = # & 8 ' " ⌫ = 4 ⌫ 1 ) ) 5% ⌫ $ ) : '8 6 ) : ) 9 ) ) "' "$?⌫ : 6

'= $ & 8 ⌫

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

mQIH l ]GPH X9E9@AF GYFFB 9G 9B ZFAF8OF: , T "[[4 kKMNKGUK IQ IQJKUHEKQHU IQ UDWUIXIGNIKU kKMNKGUK IQ KQXIQR NKHGIQKX KGNQIQRU 6B9BF8F@B <= >@A<8F ^<: BYF ;F9: F@JFJ ZFAF8OF: , T "[[4 kKMNKGUK IQ UPGNK OL SNOLIHU LNOE IQJKUHEKQH LON DUIQR HPK KgDIHT EKHPOX hQMNKGUK IQ XIJIXKQX IQMOEK hQMNKGUK IQ QKH SNOLIH hQMNKGUK IQ KGNQIQRU SKN UPGNK A]GPH SKN UPGNKB

XC\] ([/+/[3,1 ([/+/[3,1 XC\] A2[12,[032B (,[\/,[,,, ([*/2[30( ,.**

CDEDFGHIJK KLLKMH LNOE HPK MPGQRK IQ GMMODQHIQR SOFIMT IQ HPK SGUH VPIMP PGU HO WK XKMNKGUIQRFT GXYDUHKX HO HPK WKRIQQIQR NKHGIQKX KGNQIQRU LON HPK UKSGNGHK LIQGQMIGF UHGHKEKQHU GU GH ☺GQDGNT ([ *,,\ GEODQH OL ]GPH (./0 EIFFIOQ GQX GU GH ☺GQDGNT ([ *,,0 GEODQH OL ]GPH 3.(+ EIFFIOQ.

67889:; <= 6>?@>=>A9@B CAA<7@B>@? D<E>A>FG HFIF@7FG 9@J F⌧LF@GFG :FA<?@>B><@ ^PK COESGQT GQX UDWUIXIGNIKU NKMORQI_KX NKJKQDKU GQX K⌧SKQUKU OQ GQ GMMNDGF WGUIU[ K⌧MKSH LON HPK UI⌧aEOQHP SGUH XDK IQHKNKUH NKMKIJGWFK LNOE FOGQ VIHP DQMOJKNGWFK MOFFGHKNGF VIFF WK NKMONXKX GU NKJKQDK VPKQ MOFFKMHKX. " M9:NFB9OEF GFA7:>B>FG bGNcKHGWFK UKMDNIHIKU MFGUUILIKX GU GJGIFGWFKaLONaUGFK UKMDNIHIKU GNK UHGHKX GH LGIN JGFDK. ^PK COESGQT NKMORQI_KX NKJGFDGHIOQ OQ GJGIFGWFKaLONaUGFK UKMDNIHIKU GU UKSGNGHK IHKE IQ dPGNKPOFXKNUe fgDIHT DQXKN DQNKGFI_KX RGIQ AFOUUB OQ IQJKUHEKQH NKJGFDGHIOQ. COUH OL HPK XIUSOUKX EGNcKHGWFK UKMDNIHIKU IU WGUKX OQ HPK GJKNGRK MOUH OL KGMP UKMDNIHT GH HPK XGHK OL XIUSOUGF. , CEE<P9@AF =<: J<7OB=7E 9AA<7@BG ^PK UDWUIXIGNIKU NKMONXKX GFFOVGQMK LON XODWHLDF GMMODQHU WT KUHIEGHIQR LNOE USKMILIM GMMODQHU NKMKIJGWFK VPIMP GNK K⌧SKMHKX HO WK DQMOFFKMHIWFK. Q@IF@B<:>FG hQJKQHONIKU GNK UHGHKX GH HPK FOVKN OL MOUH GQX QKH NKGFI_GWFK JGFDK. COUH IU XKHKNEIQKX WT HPK USKMILIM SNIMK EKHPOX OL KGMP SNOYKMH. 2 Q@IFGB8F@BG 9 Q@IFGB8F@BG >@ G7OG>J>9:; A<8L9@>FG i SGNKQH MOESGQT IQ HPK RNODS OL MOESGQIKU PGU XINKMHFT ON IQXINKMHFT[ EONK HPGQ OQK PGFL OL HPK HOHGF JOHIQR NIRPHU ON SOVKN HO ROJKNQ HPK LIQGQMIGF GQX OSKNGHIQR SOFIMIKU OL UDWUIXIGNIKU. hQJKUHEKQHU IQ UDWUIXIGNIKU GNK SNKUKQHKX WT MOUH EKHPOX IQ HPK UKSGNGHK LIQGQMIGF UHGHKEKQHU. O R<@? S BF:8 >@IFGB8F@BG hQJKUHEKQHU IQ XKWKQHDNK GQX WOQX[ HPK COESGQT MFGUUILIKX GU XKWH UKMDNIHIKU HO WK PKFXaHOaEGHDNIHT[ UHGHKX GH GEONHI_KX MOUH. COUH OL HPK XIUSOUKX UKMDNIHIKU IU WGUKX OQ HPK GJKNGRK MOUH OL KGMP UKMDNIHT GH HPK XGHK OL XIUSOUGF. 4 D:<LF:B;T LE9@B 9@J FU7>L8F@B jNOSKNHT[ SFGQH GQX KgDISEKQH GNK UHGHKX GH MOUH. kKSNKMIGHIOQ IU MGFMDFGHKX WT HPK UHNGIRPHaFIQK EKHPOX OJKN HPK KUHIEGHKX DUKLDF FIJKU OL HPK LOFFOVIQR GUUKHU l

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

$%&'()*+,( *-,.(/0123%4/5+675+89 (&:&+ :1693;/:<&0123%4/5+675+89 3;.951=>3+<&9(,./ +2773&?&+@=5AB: *:+,.(9C,(012(85>+@D *:+,.(9E>0E%9012(85>+@D3F/6>9&/ G&/H&I/2 3%4/5+675+893;/$+6HGD$⌫.*K%&

!" # $ % &' 7+;L6$G%(G76/$⌦>)(>*7⌫NG'%&G012E</$8/(,./ $⌫.*>;)'&>>&+>=<G,C*H,.(3+<&9(&:&+ +4C*5O/3%4/I/⌦.9-(9+&:&$8/(&:&+ '/>4%&(&:&+/6N/(G=%P/3B&HH+<(C$⌫.'2PK<Q)<E&C5+239:D !( )* $ +, -.'/'⌫#+1# 3;/$+6HGDQC%C⌫E64E/ *5O/:%&A5+0>+C:(CH;4*E(+D$⌫.PK<P/>&+)F*/;/9&/-(97+;L6$ 3;/$+6HGDQC%C⌫E64E/)69>1%&4 E6) 'FI/%&GA)G4;?⌫*3</E+9E1()(&G8>&+PK<9&/A)G5+2C&@ 5⌫ !2 3. #/ 4 5+6 ,&6 7 >FQ+E%(I8</-6N/H,N/R&/ :F/4@A)G>&+/F>FQ+38$?;3FI+675⌫I&+)<4G'F/4/I8</3&C6ST64*U1⌫.GT%49/NFI/6> $⌫.T,(A)G78::1 B&G/(>P/+2I4%&95⌫ !89 : * );<=> :$⌫ ?:$/ : * ); *H,.(46ET85+239:DP/>&+'6)$F97>+203*9;/3) *9;/3)012+&G>&+*$⌫G7*$%&*9;/3) Q)<0>% *9;/3)P/C,( 012*9;/V&>?/&:&+ W⌦.9T⌦9>FI/)P/+2G2*41&QC%*>;/ X *),(/ 0125+&Y'&>B&+2Z=>H6/ !88 >' @ $ ?+A ⌫ P/>&+'6)$F97>&+*9;/PI<*5O/Q5E&CI16>>&+76SK⌫$⌫.+67+(9$6.4Q5 V.&G7+;I&+E<(9PK<>&+5+2C&@012E6N9-<(3CCE;R&/ I1&G5+2>&+W⌦.9'2C⌫Z1>+2$7E%('F/4/*9;/$⌫.*>⌫.G4>67+&GQ)< :%&PK<'%&G 3;/$+6HGD012I/⌫N3;/ +4C$6N9>&+*5;)*ZG-<(C=1*>⌫.G4>67 3;/$+6HGD012I/⌫N3;/$⌫.(&''2*>;)-⌦N/ Z1$⌫.*>;)-⌦N/'+;9(&'C⌫:4&C0E>E%&9Q5'&>'F/4/$⌫.5+2C&@Q4< !8B C= >D -5 , + 7+;L6$'6)PI<C⌫>(9$8/3F+(9*1⌫NG9K⌫H W⌦.9*5O/16>L@2-(90Z/>&+'%&G3C$7E&C$⌫.Q)<>FI/)>&+'%&G3C$7Q4<01<4 3;/$+6HGD -(9>(9$8/3F+(9*1⌫NG9K⌫H Q)<0G>((>Q5'&>3;/$+6HGD-(97+;L$6 012Q)<+67>&+7+;I&+ A)GZ='< 6)>&+>(9$8/B&G/(> >(9$8/ 3F+(9*1⌫NG9K⌫H)69>1%&4 Q)<+67*9;/323C*-<&>(9$8/'&>H/6>9&/012*9;/3C$7'&>7+;L6$ *9;/'%&G3C$7>(9$8/3F+(9*1⌫NG9K⌫H 76/$⌦>*5O/:%&PK<'%&GP/97>FQ+-&)$8/3FI+67+(7+2G2*41&76SK⌫$⌫.*>;)+&G>&+/6N/ (G%&9Q+>OE&C7+;L6$C;Q)<E6N9I/⌫N3;/3FI+67Z1 5+2AGK/DH/6>9&/E&C>[IC&G0+99&/Q$G

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

! ! " #

!" E F GH

\ \ \

] !( IG GH J

^ \ _ ` ] a \ b \ \ ] !2 E G GH K L

\

\ \ c \ ] !89 M L GN L O G

d ! \ c X \ ] !88 P

G GH

Q

^ ! c ⌧ \ \ ] f ] !8B RQK S

J G

_ \ ] \ ⌧ ] a \ \ _ ] _ \ ] g _ \

\ # \ # ]

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

< 2 $ /0$+"15.&#* = 4 *0 4= *> 0*" *0 1 * 1]$^4 !< &%"', H',% 0@ ! *( <& $'0!,2 5'$ & %" 8⌫ %# _5 ' / <D ,8⌫ 2$ H $ / <D ,8⌫ $'0!,2 5'$ J88 $8⌫ .J *⌫+$1,J&D2 30H⌦ M 28 ⌫+$ #8 , & !D H',2,3 ,*( 1 * 1]$`4 !< &%"', H',% 0@ ! $(%3a &

8 4-. 4/'.5.,B*%$. *0 4-. 0*" *0 %1;<6199 4-"2,3 '1% 0' 2A⌫ $ B "'$ /C %D'8E

D<$ A * 4% *0 4-. C+*7 -D *0 4% *0 4-.0# EF G & H<<I EF G & H<JK EF G & H<<I EF G & H<JK G7?=LU?=UK KU?GXU?XU= G7?=LU?=UK KU?GXU?XU= =7X?YXL?VXV =XK?7>Y?KK7 =7X?YXL?VXV =XK?7>Y?KK7 B=77?7U=?77UC B=G>?GUY?VK>C B=77?7U=?77UC B=G>?GUY?VK>C GX?KGG?VK7 G7?=LU?=UK GX?KGG?VK7 G7?=LU?=UK L?UYK?Y=K XY?7UU?7YG

L?YVG?V>L GU?XXG?>>>

L?UYK?Y=K XY?7UU?7YG

L?YVG?V>L GU?XXG?>>>

D<$ A * 4% *0 4-. C+*7 -D *0 4% *0 4-.0# EF G & H<<I EF G & H<JK EF G & H<<I EF G & H<JK =>?>>>?>>> =>?>>>?>>> @ @ 7FG>@GF7G 7FG>@GF7G @ @

⌫!"# $%&'()*+,-./0$+"1 2.⌫3 *0& * ⌫ !" #$ % &' $( ⌫) *⌫+!" ,-. /01, ⌫ *"'2.⌫3 2-)! 1A ,<1 *⌫+ D<, " $1,J&Db⌦, . 0-. / 2 3 . 0-. /J&D2 3 K 205' & <D K 205' b⌦, X 205' & <D X 205' b⌦, =7 205' & <D =7 205' H⌦ J8 0# !D 2:5+' ⌫ 6,61$M/6 9

D<$ A * 4% *0 4-. C+*7 -D *0 4% *0 4-.0# EF G & H<<I EF G & H<JK EF G & H<<I EF G & H<JK GKK?=KU =X?YYK?Y7Y K?>KK?Y== =LV?7>7 ==X?GYL K?LUV?YU= HJOFIEOHFJ K?XVY?U==

@ =G?KKG?ULV =?>GX?VVL =VG?LGV =V>?G77 K?XVX?UUX HIOJJ8OFJF K?XVY?U==

V>?>>> 7?KVX?X>> @ @ @ @ HOJ88O8II @

@ 7?=L>?>>> @ @ @ @ HOF IOIII @

4-.52 "6 07"7,$3. 2,3 4 " "$5& /$/61 '5+ 7 $*⌫+&⌫819 4 -. / ⌫ 5':30 10-. / ⌫ #$ % &' $( ⌫ *⌫+!" ,-. /01, ⌫ D<$ A * 4% *0 4-. C+*7 -D *0 4% *0 4-.0# *"'2.⌫3 EF G & H<<I EF G & H<JK EF G & H<<I EF G & H<JK & <D =7 205' H⌦ J8 KL?=>7?G>= KL?=>7?G>= @ @ !D 2:5+' ⌫ 6,61$M/6 9 KL?=>7?G>= KL?=>7?G>= @ @

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

< ? @ A P c d @ S

N

T e \

f

R g O

c d @

R S

L A M ; A : N EFO HII N EFO HII8 N EFO HII N EFO HII8 G7?=LU?=UK =7X?YXL?VXV B=77?7U=?77UC GX?KGG?VK7

KU?GXU?XU= =XK?7>Y?KK7 B=G>?GUY?VK>C G7?=LU?=UK

L?UYK?Y=K XY?7UU?7YG

L?YVG?V>L GU?XXG?>>>

G7?=LU?=UK KU?GXU?XU= =7X?YXL?VXV =XK?7>Y?KK7 B=77?7U=?77UC B=G>?GUY?VK>C GX?KGG?VK7 G7?=LU?=UK L?UYK?Y=K XY?7UU?7YG

8 9 : ; 9 P N O

P BN

OC

L?YVG?V>L GU?XXG?>>> R S

A M ; A : L N EFO HII N EFO HII8 N EFO HII N EFO HII8

=>?>>>?>>> 7FG>@GF7G Q

=>?>>>?>>> 7FG>@GF7G Q

@ @

@ @

R S A M ; A : L Q RQ N EFO HII N EFO HII8 N EFO HII N EFO HII8

N T

W Z K O

Z K X O

Z X =7 O

Z =7 O

[

GKK?=KU =X?YYK?Y7Y K?>KK?Y== =LV?7>7 ==X?GYL K?LUV?YU= HJOFIEOHFJ K?XVY?U==

@ =G?KKG?ULV =?>GX?VVL =VG?LGV =V>?G77 K?XVX?UUX HIOJJ8OFJF K?XVY?U==

V>?>>> 7?KVX?X>> @ @ @ @ HOJ88O8II @

@ 7?=L>?>>> @ @ @ @ HOF IOIII @

AR S : Z @ O

O \ O O

R S A M ; A : L Q Q N EFO HII N EFO HII8 N EFO HII N EFO HII8 Z =7 O

[

KL?=>7?G>= KL?=>7?G>=

KL?=>7?G>= KL?=>7?G>=

@ @

@ @

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

⌫ ⌦ ⌦ ⌫ ⌫!" # $%&'( ) * ) + + # , +

+ -⌫ .- /0 + 1 + %(&$2 ⌫ +⌫ ⌦ ⌦ ⌫ + ⌫!" # %3&%4 ) 5 6 6 * ⌫ * ) + 7- + ! 6 6 ) *8) 6 81+ " ⌫

# X )

, -. ! &

, * 45 6 7889 45 6 78: 45 6 7889 45 6 78: $O%Z`OZ'i I I I

)j k0 + 6 # + 8. 6 +1 2

! ! "# $ % & '⌫) ⌫) *+ "

# X )

, -. ! &

, *

"/ 0 ,⌫# /% 12 3 45 6 7889 45 6 78: 45 6 7889 45 6 78: 45 6 7889 45 6 78:

* ) / )6 + !" +- + 0Y # 0Y " # 0Y 0 ;11 12

I I I <

I I I <

I $'OZZZOZZZ $$OZZZOZZZ %'OZZZOZZZ .$$OZZZOZZZ2 .[ZOZZZOZZZ2 < < : 78< 78

59 '= , >"' % "0 %* ? = 3

, >"' % * ) &- #& ⌫& !" * ) / )6 + !" *

, >"' %

1 ! B' &

45 6 7889

45 6 78:

i3&ZZZZ ii&ii3`

i3&ZZZZ ii&ii3`

" >@! * " ." 6A

: 89< 89

\# X ) / * 6⌫ '= 45 6 7889

45 6 78:

3OiZZOZZZ 3OiZZOZZZ iiOii3O`ZZ iiOii3O`ZZ 59 Q QR99 59 Q QR99 \# X ) 1" E

'= CD !$ *

45 6 7889 45 6 78: 45 6 7889 45 6 78:

* ) &- #& ⌫& !" - ] ^ + / _

# 'O'ZZOZZZ 'O'ZZOZZZ 4O[43OZZZ $ZO`3ZOZZZ * ) / )6 + !" a ] ^ + / _

+

# $ZZOZZZOZZZ $ZZOZZZOZZZ I I

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

9:; <=>?; >@@AB:< =;@;CD>EF; >:? GHA=<I<;=J FA>: KHC@H H>G EAAL D>FB; AM N>H< $%&'( JCFFCA:O <H; GBEGC?C>=P CG C: <H; Q=A@;GG AM <>LC:R @AB=< >@<CA: .G;; >FGA SA<; %(&$ <A <H; MC:>:@C>F G<><;J;:<G2& T:A<H;= <=>?; >@@AB:< =;@;CD>EF; >:? GHA=<I<;=J FA>: KHC@H H>G EAAL D>FB; AM N>H< %3&%4 JCFFCA:O <H; UAB=< H>? > D;=?C@< MA= E>:L=BQ<@P A: ?;E<A=& VH;=;MA=; <H; GBEGC?C>=P H>G GBEJC<<;? > =;WB;G< MA= ?;E< G;<<F;J;:< <A <H; AMMC@C>F =;@;CD;=&

b:C< X N>H< L M JK J G \K K ` K P KM G K F O P 45Q 799R O P 45Q 799S O P 45Q 799R O P 45Q 799S $O%Z`OZ'i I I I

TK PHMK UAJQB<;= GAM<K>=;G .MA= G>F;2

GY <[ F a K N MK J TK Z

b:C< X N>H< NK 3

L M JK J

G \K K ` K P KM G K F O P 45Q 799R O P 45Q 799S O P 45Q 799R O P 45Q 799S O P 45Q 799R O P 45Q 799S

TK PHMK c=B:R?H;Q dA@BJ;:< UA&O e<?& N;RC::C:R E>F>:@; f:@=;>G; ?B=C:R <H; P;>=G g;<<F;J;:< ?B=C:R <H; P;>=G U J V IKMK P

I I I <

I I I <

I $'OZZZOZZZ $$OZZZOZZZ %'OZZZOZZZ .$$OZZZOZZZ2 .[ZOZZZOZZZ2 < <

59 F GHI J K GHI J K Z c&h&U& h>=;HABG; UA&O e<?& c=B:R?H;Q dA@BJ;:< UA&O e<?& [ KM

GHI JK Z c&h&U& h>=;HABG; UA&O e<?& c=B:R?H;Q dA@BJ;:< UA&O e<?&

i3&ZZZZ ii&ii3`

: 89< 89

b:C< X N>H< L X Y J

3 W MJ V O P 45Q 799R

: 78< 78

O P 45Q 799S O P 45Q 799R O P 45Q 799S

i3&ZZZZ ii&ii3`

3OiZZOZZZ 3OiZZOZZZ iiOii3O`ZZ iiOii3O`ZZ 59 Q QR99 59 Q QR99 b:C< X N>H< O J J

TK J<_\ LK\ KM [Z\ ] N MK Y \ ^H O P 45Q 799R O P 45Q 799S O P 45Q 799R O P 45Q 799S h>=;HABG; gH>=;HAF?;=G _ @AI?C=;@<A=G 'O'ZZOZZZ 'O'ZZOZZZ 4O[43OZZZ $ZO`3ZOZZZ dA@BJ;:< gH>=;HAF?;=G _ G<A=>R; @AI?C=;@<A=G $ZZOZZZOZZZ $ZZOZZZOZZZ I I

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

##P 1 !" -

(# 5P P (# 5P P (# 5P P (# 5P P

Q , ⌫ 9 / 7 53⌫" ( ⌫ + .8 &( 9] ] )6 #. 9 / 7

((( ((( #$ $#&

((( ((( ) #$ +$ +

*

*

X Y ( )* Z " [ ,7 #. 3- + 9 / 7 # \ + X:,! X .8[ % # \ !8 # (' * &') 7 3 8 # X 9 / 7 Z " ! !8 8[ ,. / + . # 9 !8. 53 : 6 #9$ "X:,# \ . . . , + #". X , / + . # 9 !8. 53 : 6

# P !⌫ / 01 "2 34 ." , !"

⌫

!" # $" #%$ " " + + +, -. , "$ / 0- 12+ #+ $ " 3$" " . 04 #+ $ " 7. 7 " . 04 8 . 9 9 4 ⌫ #: . " , ,- , ,

!" # $" #%$ " " + + +, -. , "$ / 0- 12+ #+ $ " 3$" " . 04 #+ $ " 7. 7 " . 04 8 . 9 9 4 ⌫ #: !⌫ / 01 "2 34*,"!5 ,- , 6 2⌫

⌦

&' ()) ' )* &) '' )( ) ( & ) ) ( ( ** ) () * # $ # $#%

* ((( ( * && ' ) ) ' (( )* &&' $# &$ %

5 & ' &6 5'* (&&6 5& (*6 ' $ ($ # )

&( * * &(& ( & )) * 5 * &6 *

' )* *' ' ' ) ((' & ( ( ' )( ) ( * **& ' *( * * )* ) () # $ &$+ %

(() *&) ) ** *'* * & ( ( ' ' ' (( ) ( * ) () # &$ $(&& (% $ & $+++ #$%(&$&(

)) () &(* ) *)) '' )( * (( ) & *' ' ) $ % $(%

5 ()6 5'' ()&6 5& ('6 ' $ % $ ()

*

) '& *' *(* ))' (( & * &(* ') * *& & ) ' ( ) () #++$%( $+ ( #$ # $ + $ % $(%

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

##P RFO;: SC8T*@;:J 78U;=FJ;8F=

R=?F J<HF >;K<:<F; AD8<89D<? =F<F;J<8F= BC8=C?DE<F;E N;9P (#$ + N;9P (#$ % N;9P (#$ + N;9P (#$ %

G<:FD9H?<:= N;WF =;9H:DFD;= JC=> 5 ( SE<B @<FKB?FS >KE ><FE C= dCDE@_EB &( ( 6 IEE bBE@?K@ C= _C=> @CF<?

((( ((( #$ $#&

((( ((( ) #$ +$ +

*

*

^= (( <=> ((' FHE OK_O?>?<BS NBCFE CII ABE@?K@ C= _C=> <O Eโ งAE=OE ?= FHE OF<FE@E=FO CI ?=QC@E <@CK=F CI J<HF (' <=> J<HF * &') BEOAEQF?DELS] THE OK_O?>?<BS ALE>ME> ?=DEOF@E=F ?= _C=> N?FH FHE J<=MaCa J<=a bK_L?Q cC@A<=S ;?@?FE> <O QCLL<FEB<L ICB OFCB<ME <>@?=?OFB<F?C= ICB J<=MaCa J<=a bK_L?Q cC@A<=S ;?@?FE>]

# P G:CK;:FL$ G?<8F <8E VMHDKJ;8F cC=O?OF CI FHE ICLLCN?=M G<:FD9H?<:= BC=F ;<=> <=> ?@ABCDE@E=F GH<BI ><@ <=> ?@ABCDE@E=F JK?L>?=M N<BEHCKOE <=> ?@ABCDE@E=F PFHEB OFBKQFKBEO RF?L?FS OSOFE@O TCCLO <=> EUK?A@E=F PII?QE IKB=?FKBE <=> EUK?A@E=F VEH?QLEO ;E<OEHCL> ?@ABCDE@E=F WOOEFO K=>EB QC=OFBKQF?C= @CF<? I99HJH?<F;E E;K:;9D<FDC8 GH<BI ><@ <=> ?@ABCDE@E=F JK?L>?=M N<BEHCKOE <=> ?@ABCDE@E=F PFHEB OFBKQFKBEO RF?L?FS OSOFE@O TCCLO <=> EUK?A@E=F PII?QE IKB=?FKBE <=> EUK?A@E=F VEH?QLEO ;E<OEHCL> ?@ABCDE@E=F @CF<? G:CK;:FL$ K?<8F <8E ;MHDKJ;8F*8;F N;K:;9D<FDC8 AC: FO; L;<:=

R=?F J<HF

BC8=C?DE<F;E 789:;<=; ><?;=

@:<8=A;:

+

&' ()) ' )* &) '' )( ) ( & ) ) ( ( ** ) () * # $ # $#%

* ((( ( * && ' ) ) ' (( )* &&' $# &$ %

5 & ' &6 5'* (&&6 5& (*6 ' $ ($ # )

&( * * &(& ( & )) * 5 * &6 *

' )* *' ' ' ) ((' & ( ( ' )( ) ( * **& ' *( * * )* ) () # $ &$+ %

(() *&) ) ** *'* * & ( ( ' ' ' (( ) ( * ) () # &$ $(&& (% $ & $+++ #$%(&$&(

)) () &(* ) *)) '' )( * (( ) & *' ' ) $ % $(%

5 ()6 5'' ()&6 5& ('6 ' $ % $ ()

*

) '& *' *(* ))' (( & * &(* ') * *& & ) ' ( ) () #++$%( $+ ( #$ # $ + $ % $(%

%

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

A BC ⌫ /(.+" ) ) - " ! 3 #3 /(.+" ) ) - ( + /(.+" ) ) - + )(7 + 3 . + 7)@m 3 3 /(. -) 1 3 6 /6" /(. -) 1+$ 0 , . ., " " + D A EF A E E " ! 3 #3 /(.+" ) ) - ( + /(.+" ) ) - + )(7 + 3 . + 7)@m 3 3 /(. -) 1 3 6 /6" /(. -) 1+$ 0 , . D B⌫ H A IJ CK LM8ECBN A EF A E O K⌫

, " l

⌦

LZZ L : L ' L% L L' : ZLZ L : L%% L :: L 'L : L % ZL%' L % ZL :Z 23 3 4

f f f ZL%Z f f LZ% ' L %% L L ' 3 3524

f f f f f f > %L% ? > L %%L%%%? f 6 3 5 3 7

f L %L: LZ: % L % f L ZL :Z f > LZ L ? 8

LZZ L : 'L L: ' L ' L :Z :L% L::Z L%% L L Z 'L %'L : L L % f 3 + 35

L%% L L%Z LZZ LZ L LZ :L :: L LZ L % L' L '' 4 34 35 4 25435 53+ 3 23 5

ZLZ% L'Z LZ : %L : Z'LZ: L ': :Z L' L L : 3 5 3 +

f f f f f > L ? > L% L ? 6 3 2235527

f f f f f f f 8

L L' : LZ L % LZ L : LZ L %: ::'L%: L : L: LZZ L: 4 3 + 3 + 25 3 3 + 3 5 3 +

⌫ ⌦ ⌫ !" ⌫ #⌦ !$ %&' ( )* +" , ⌦ # - ., " " +

⌫ % /(. ⌫+ 0 12 ⌫ " +3 ! - 45 /( /6" + 2 45 7" 8⌦ ⌫ - & ( /(. & ( 6 ($

⌫ % /(. 90 . ! ⌫+ 0 12 ⌫ " +3 ! - 45 /(

/6" + 245 7" 8⌦ ⌫ - & ( /(. & : ( 6 ($ ⌫ +" 27 3 ) !!- 7" ., " $0 0 ; # < (=⌫ > 7, ,6-) . # /(. & ? /(. ( * + # ; - 0 ( + !$ + ⌫ # ; @ ⌫ $+ AA 5" /(. $, + AA (. )⌫ 3 $, - 5" + 26" + AA ⌫ ! % )⌫ /(. ( + # ; & ( &8⌫& ( + !$ + ⌫ # ; @ ⌫ $+ AA 5" /(.6" + AA - )⌫

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

,%#-."/(%#& 01&dDOR DOR QIUKN[GIGOE eMDKSL RDI DOR QIUKN[GIGOE XWQPRQOYL TDKGMNWCG DOR QIUKN[GIGOE gEMGK CEKWHEWKGC hEQPQE\ C\CEGIC iNNPC DOR GjWQUIGOE gSSQHG SWKOQEWKG DOR GjWQUIGOE kGMQHPGC BCCGEC WORGK HNOCEKWHEQNO )1-%( 9""/:/(%-$; ;$<#$".%-.1! eMDKSL RDI DOR QIUKN[GIGOE XWQPRQOYL TDKGMNWCG DOR QIUKN[GIGOE gEMGK CEKWHEWKGC hEQPQE\ C\CEGIC iNNPC DOR GjWQUIGOE gSSQHG SWKOQEWKG DOR GjWQUIGOE kGMQHPGC )1-%( ,#1<$#-=3 <(%!- %!; $>/.<:$!-8!$?$<#$".%-.1! *1# -@$ =$%#&

hOQE l XDME

'$<%#%-$ *.!%!".%( &-%-$:%!-& !"#$%&$ '%($& )#%!&*$#

+

LZZ L : L ' L% L L' : ZLZ L : L%% L :: L 'L : L % ZL%' L % ZL :Z 23 3 4

f f f ZL%Z f f LZ% ' L %% L L ' 3 3524

f f f f f f > %L% ? > L %%L%%%? f 6 3 5 3 7

f L %L: LZ: % L % f L ZL :Z f > LZ L ? 8

LZZ L : 'L L: ' L ' L :Z :L% L::Z L%% L L Z 'L %'L : L L % f 3 + 35

L%% L L%Z LZZ LZ L LZ :L :: L LZ L % L' L '' 4 34 35 4 25435 53+ 3 23 5

ZLZ% L'Z LZ : %L : Z'LZ: L ': :Z L' L L : 3 5 3 +

f f f f f > L ? > L% L ? 6 3 2235527

f f f f f f f 8

L L' : LZ L % LZ L : LZ L %: ::'L%: L : L: LZZ L: 4 3 + 3 + 25 3 3 + 3 5 3 +

BC DE FGHGIJGK L %%'L EMG HNOCNPQRDEGR SQODOHQDP CEDEGIGOEC TGKG KGHNKRGR HDUQEDPQVGR QOEGKGCE DINWOE NS XDME %&' IQPPQNO DC UDKE NS JWQPRQOY WORGK HNOCEKWHEQNO& BC DE FGHGIJGK L %%Z DOR %%'L EMG HNOCNPQRDEGR SQODOHQDP CEDEGIGOEC MD[G SWPP\ RGUKGHQDEGR SQโ งGR DCCGEC WU EN EMGQK WCGSWP PQ[GC JWE DKG WCDJPG DE EMG HNCE NS XDME & IQPPQNO DOR XDME & IQPPQNOL KGCUGHEQ[GP\& BC DE FGHGIJGK L %%Z DOR %%'L EMG CGUDKDEG SQODOHQDP CEDEGIGOEC MD[G SWPP\ RGUKGHQDEGR SQโ งGR DCCGEC WU EN EMGQK WCGSWP PQ[GC JWE DKG WCDJPG DE EMG HNCE NS XDME & IQPPQNO DOR XDME & : IQPPQNOL KGCUGHEQ[GP\& ^NIG UPNEC NS PDORC DKG Gโ งUKNUKQDEGR TMQHM HWKKGOEP\L EMG HDCG QC WORGK EMG ^WUKGIG _NWKE`C aWRYGIGOE >CGG DPCN bNEGC DOR & ?& cKWOYRMGU FNHWIGOE _NIUDO\ dQIQEGR`C JWQPRQOY DOR TDKGMNWCG TGKG JWQPE NO EMG _NIUDO\`C PDOR WORGK dGDCG BYKGGIGOE NS \GDK UGKQNRL TMQHM HDO JG KGOGTGR WU EN % \GDKC& BOR c&e&_& eDKGMNWCG _NIUDO\ dQIQEGR`C TDKGMNWCG TDC JWQPE NO EMG _NIUDO\`C PDOR WORGK EMG dGDCG BYKGGIGOE TQEM KGOGTDP KQYME NS G[GK\ \GDKC&

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

!" # ⌫$ %$ ( $ - . ( # 0 012% 0 78 9 !" # ⌫$ %$ $ 3 # ( # 0 012% 0 78 9 !" # ⌫$ %$ 4 . 5 -# $ 3 # 67 8⌫

&' (

%

%

- . ( # !" # ⌫$ %$ $ 3 # ( # !" # ⌫$ %$ 4 . 5 -# $ 3 # 67 8⌫

343534366 6:;4.<; /00'/ 1

0 3==43;> 22/ 0

343534366 <??4;;. &/,' /2 (

5>4?:? >34>>3 (/( /1 '/'2, (/(

.:?4..5 36=4;3. ,2/2 1

.>>4.55 .5>4.<: ' 2/' 0 /','/,1 ,2/2 1

..543.<

54;;<

.:?456>

.34=<. &, / 1 & /2(&

;543.3

==4>3: 2 /12' '/ &

⌫

⌫ +$ 7 A !

% # ⌫! * $ # ()/ 0 +$

&'',

, @ 9 &' ( ) *⌦ &'',

% ) *⌦

, @

% 5 - &'', 5 - &' ( 0 3.4?:= .;4???4??? ;:4???4??? & /,,,/,,, /, &/, 2 ;B=>0>B.> 5B650>B.>

, @ 9 5 - &'', 5 - &' ( 0 0 334???4??? .:4???4??? /,,,/,,, & /,,,/,,, ;B=>0>B.> 5B650>B.>

⌫ ⌫ ⌫! " # $ %&' # () * +, ,#- ../

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

:;<=;>?@AB CDDB<D CDEFGFH DI HJK IDLLDMGEN@

[EGH @ \RJH

X=I<?STA=ID

UN;DNA?J=<BJ :;SIB=DB

&,,2

UND< 2DPQUHKW FDIHMRWKF 0 12% ]SFHKP 0 &HJKWF ON<=A CSSTPTA=<BJ =PNI<?V=<?N; 2DPQUHKW FDIHMRWKF 0 12% ]SFHKP 0 &HJKWF ON<=A :;<=;>?@AB =DDB<D4;B< CPNI<?V=<?N; KNI <MB WB=ID

343534366 6:;4.<; /00'/ 1

0 3==43;> 22/ 0

343534366 <??4;;. &/,' /2 (

5>4?:? >34>>3 (/( /1 '/'2, (/(

.:?4..5 36=4;3. ,2/2 1

.>>4.55 .5>4.<: ' 2/' 0 /','/,1 ,2/2 1

[EGH @ \RJH LBY=I=<B K?;=;S?=A D<=<BP=;<D &,,2 :;SIB=DB &,,1

X=I<?STA=ID UND< 2DPQUHKW FDIHMRWKF CSSTPTA=<BJ =PNI<?V=<?N; 2DPQUHKW FDIHMRWKF :;<=;>?@AB =DDB<D4;B< CPNI<?V=<?N; KNI <MB WB=ID

..543.<

54;;<

.:?456>

.34=<. &, / 1 & /2(&

;543.3

==4>3: 2 /12' '/ &

E=;F GHBIJI=K<D =;J LMNI<4OBIP QN=;D KINP R?;=;S?=A :;D<?<T<?N;D X=I<?STA=ID \REY DXKWTWRIHF ]JDWH0HKWP LDREF ON<=A ^EHKWKFH WRHK *QKW REEUP/ 0 LDREF *_/

&,,1

[EGH @ \RJH

LBY=I=<B K?;=;S?=A D<=<BP=;<D UN;DNA?J=<BJ ZBS / &,,1 ZBS / &,,2 ZBS / &,,1 ZBS / &,,2 0 3.4?:= 0 0

.;4???4??? & /,,,/,,, ;B=>0>B.>

;:4???4??? /, &/, 2 5B650>B.>

334???4??? /,,,/,,, ;B=>0>B.>

.:4???4??? & /,,,/,,, 5B650>B.>

OJK 2DPQRES RET FUVFGTGRWGKF JRXK VREY DXKWTWRIHF LGEK MGHJ CDPPKWCGRL VREY RH HJK GEHKWKFH WRHK DI %&' QKW REEUPB *FKK ZDHK ../B

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

>0?@4LK7M3.F7F72; ALFNOC GLPEDCQ]kOED`GSBL VWGOX hXICWSOllBDEF=GHILM@M@B? K⌫DEJd`=haGBLYWLM]J=DEF=_I=ikMX`GDA⌫^@ XOE=⌫^ <=>?@ ABC

;0>0?@

>0M:/@<J42.P-.F>0?@1K@EBFQ/4>H⌫R7

'#( kIB=ABC

' GW<=XYWLMDEF=_I=CPG?O=SF^=DXJ`=TB@g= /# DXJ`= XOE=⌫^ !DLFdK '7 G ] #.5s$ DXJ`=C⌫d ' #5 Zk`XYWLMDEF=_I= DXJ`=C⌫d #. /# YWLMDXJ`=kM # .(( ((( ABC # YWLMX`GDA⌫^@CPGDXJ`= 694 DEF=GHI@JKLM@M@B?C⌫de⌦EGW<=XYWLMTB@g=<=⌦dEZ⌫ >0?@4LK7M3.F7F72; ,N8O?

0H42.>0?@.;3 /91.2Q/4>H⌫R71D/=⌫ ( O G * + ( O G * S! DXJ`=C⌫d ' 74 `O_LB '(. ((( ((( '#( ((( (((

X`GDA⌫^@ 2 ; ') DXJ`=C⌫d 7/ /# `O_LB X`GDA⌫^@ 2 ; ( .()

!7( ((( ((($ !'. ((( ((($ )+++)+++ + )+++)+++

DEF=GHI@JKLM@M@B? ALFNOC GLPEDCQRSTU VWGOX !K<BY=$ DZ[=\HI]^WZLMGO= !XH<KB@D<_PZLMG`AEAGBLDEF=aI` ##$ Sb?=a`EDEF=GHI@JKLM@M@B?C⌫de⌦EGW<=XYWLMTB@g=<=⌦dEZ⌫ hXIiSXEh?ITB@g_I<=⌫^SF=<KP=D?⌫@=

,-./0123456327

ALFNOC_O^ESWL`E_BKGj<KB@]LALI`@kM '( a`ECP=VXCMDA⌫@=ikI? GBL_O^ESWL`EXOEGkbB?DQJd`g<IDZ[=hZ_BKQLMLBYAOllO_FALFNOC K<BY= VWGOX DEF=SWL`E=⌫^VM=WhZVbB@DZ[=DEF=ZO=\khKbhXI

,-./089:;<=

ALFNOC_O^ESWL`ECOd?hZ DQJd`gYIg=GBLXWD=F=EB=COd?hZa`EALFNOC hKbK⌫?O_ePZLMSE]mDZ[=GBLDnQBM

>0?@=9@ABCD27EBFGD21/HE8@4..342.

DKJd`?O=C⌫d #. DKNB@= #..( C⌫dZLMYPKSBKOl\HIeJ`<PI=a`EALFNCO hXIK⌫K_F`=PKO_Fg<IVBb @DEF=ZO=\kiGb\IeH J`<PI= VW=?= 4 kIB=<PI= g= `O_LB<PI=kM ' /. ABC L?KDZ[=DEF= '( . kIB=ABC RX@GW<=XVbB@DEF=ZO=\kg=?O=C⌫d '' QoNTB]K #..( ikMhXI`=PKO_FGBLVbB@]bB _`AiC=GLLKGBLDZ[=VW=?=DEF= 5 ( kIB=ABC DKJd`?O=C⌫d #. DKNB@= #.5p C⌫dZLMYPKSBKOl\HIeJ`<PI=a`EALFNCO hXIK⌫K_F`=PKO_Fg<IVBb @DEF=ZO=\kiGb\IeH J`<PI= VW=?= 4 kIB=<PI= g= `O_LB<PI=kM ' /. ABC L?KDZ[=DEF= '( . kIB=ABC RX@GW<=XVbB@DEF=ZO=\kg=?O=C⌫d '. QoNTB]K #.5p ikMhXI`=PKO_FGBLVbB@]bB_`A iC=GLLKGBLDZ[=VW=?=DEF= 7 . kIB=ABC

! .2742.49H4?C42.8⌫:>4⌫:7;JK/049@

ALFNOCK⌫LB@GBLAOlY⌫GOAGFVGBLC⌫dDG⌫d@?aI`EGO= q⌦dEDG⌫d@?aI`EGO=RX@GBLeJ`<PI=<LJ`GBLK⌫\eHI J`<PI=<LJ`GLLKGBLABESb?=Lb?KGO= LB@GBL rPLGFVXOEGkbB?ZLMG`AXI?@GBLALFGBLikMGBLGHI@JKq⌦dE`O_LB]bBALFGBL ikM`O_LBX`GDA⌫^@ DZ[=hZ_BKLB]B_kBXDYb=DX⌫@?GOALB@GBLC⌫dDGFX a⌦^=GOAAP]]kTB@=`G ikMDZ[=hZ_BKDEJd`=haC⌫d_GkELb?KGO=

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ĂƒĂ’Ă‚§Ă’šĂƒĂ?¨Ă“‚ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

Unit : Baht $ & $ % $ ' ( ) *++ ( ) *++ ' 2 & /# : ' #5

: #. /# 3 # .(( ((( # %

3 '#( ! â˜ş '7 #((.$

: ' 74 '(. ((( ((( '#( ((( ((( 2 ; ') : 7/

/# 2 ; ( .() !7( ((( ((($ !'. ((( ((($ )+++)+++ + )+++)+++

! " ##$ %

% & '() * + % & &

% & &

, &

- + #. #((/ - 0 1 2

& & 3 ' /. 4 3 '( . 1 3 5 ( ⌧ & 2 '' #((/ - + #. #((4 - 0 1 2

& & 3 ' /. 4 3 '( . 1 3 7 . ⌧ & 2 '. #((4

!

" #

% & & & 8

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

0 P/'ZM ⌫. MN 0 ⌫Q $ R⌦. \ */ # $% ## $% P/'ZM ⌫. /*0 1 #

Q

( QR '0

# $% & ' ( # $% ) ##&$*)+⌫) & ($ -

MN # $% 0/'0 O 0 P " MN # $% 0/'0 O 0 P " MN # $%

⌫Q ⌫Q0*R.' S 0 MN TO-UV' - R' # $%

⌫ ⌫ ⌫ ⌫ ⌫ 4 1( $% & ' % () * ⌫ # $% & ' ( # $% ) ##&$*)+⌫) & ($ - ,% 0* 1 ⌫ 2 # $% & ' ( # $% ) ##&$*)+⌫) & ($ . "% * ⌫ * 1 ⌫ 2 # $% & ' ( % # $% ) ##&$*)+⌫) & ($ -

/*0 1 #

! "#

! "#

!

!"

" ! $+, -+!-.

" $+ /-+!/!

" ! " +,!-+-!!

" ! ! +!#!+!!!

3

3

--+/-.

3

!

!

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

]HD ^7;;7_<45 CG34K3=C<74K <4=9GGDE :DC_DD4 CHD >7?@34A 34E ^7;;7_<45 =7?@34<DK 1

L4<C 1 23HC FCPM>;978 FG945EHD@ I7=9?D4C >7?@34A B<?<CDE F)J)>) J3GDH79KD >7?@34A B<?<CDE 2345676 2346 89:;<= >7?@34A B<?<CDE

S7A>?9C;869M W9:K<E<3GA X7CD " W9:K<E<3GA X7CD " YD;3CDE =7?@34A :A :D<45 <CK KH3GDH7;EDG)

567 89:;9<9=>;? @7A>?7B ?@>;8>=?9C;8 >@7 >8 <CAACD8 E 5@>;8>=?9C;8 9; N>A>;=7 O677?8 $% F>86 >? G>;H 2345676 2346 89:;<= >7?@34A B<?<CDE % 5@>B7 >==CI;?8 @7=79J>GA7 FG945EHD@ I7=9?D4C >7?@34A B<?<CDE F)J)>) J3GDH79KD >7?@34A B<?<CDE 2345676 2346 89:;<= >7?@34A B<?<CDE 5C?>A ,% K?67@ =I@@7;? >887?8 FG945EHD@ I7=9?D4C >7?@34A B<?<CDE F)J)>) J3GDH79KD >7?@34A B<?<CDE 5C?>A "% K?67@ =I@@7;? A9>G9A9?978 FG945EHD@ I7=9?D4C >7?@34A B<?<CDE % L7MC89? @7=79J7B F)J)>) J3GDH79KD >7?@34A B<?<CDE

L4<C 1 23HC

FC;8CA9B>?7B !!/ !!-

O7M>@>?7 <9;>;=9>A 8?>?7P>;?8 !!/ !!-

!

!"

" ! $+, -+!-.

" $+ /-+!/!

" ! " +,!-+-!!

" ! ! +!#!+!!!

3

3

--+/-.

3

!

!

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

0"' 7 ` 3 5 6 78 ⌫ " # & ' (' " )* + ,-" ⌫. ⌫./0# (' /" ⌫.* ' + "* + 11 2 & ' ( )* + ( 3" &+0 ("2 % ⌫ " # & ' " )6 78 " ' " ' /(# ' 7 9. 7 0 : * + ' " 7; #: '+ < =8 =+ ) /0# : 0"' 7 ": ⌫.+⌫*' /" '+2 3" &+0 ("2 & ' " ) *#" " ; 2 , -* 3" &+0 ("2 $ + ⌫/ 3" &+0 ("2 " +01 2 ⌫ " # # 3 4 + ⌫/ 3" &+0 ("2

$%

! "#! $

%!% !

4

4 % %

%

$ 5

! $ !

! !

5$ %

$ 4

4

%

4

%

5 $ #! "

$ % "!

$ 4 $ ""!%

%% 4 4 4 !$$"

%54 5 4$5 %""! $

44

$

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

IE@;<@GA>:;< >; CA@AHB;A< :F J;G:HB KB;A@= >;G:HB >?@ABCDEF GHI@JEAK LHJFMAN OPJPKEC > Q L QM?EDH@RE LHJFMAN OPJPKEC &SEAKMT PAIHJE PR IMTI@TMKEC HA KDE RFMIE HII@FPEC MK KDE ?MKE J@K@MTTN MB?EEC PA KDE IHAK?MIK2 I:A@= CA:E@LB FBB< UMABVHV UMAV W@XTPI LHJFMAN OPJPKEC % CBEM>GB >;G:HB >?@ABCDEF GHI@JEAK LHJFMAN OPJPKEC > Q L QM?EDH@RE LHJFMAN OPJPKEC &YE?ZPIE PAIHJE PR IMTI@TMKEC XN RDM?PAB KDE LHJFMAN[ R MCJPAPRK?MKPZE Eโ งFEARER PA F?HFH?KPHA KH KDE ?EZEA@E H] B?H@F IHJFMAPER MAC KDE ERKPJMKERE?ZPIE ?EACE?EC H] LHJFMAN[ R @APK KH KDE B?H@F IHJFMAPER2 I:A@= N@;@LBHB;A FBB >;G:HB UMABVHV UMAV W@XTPI LHJFMAN OPJPKEC &^MAMBEJEAK ]EE PR IMTI@TMKEC HA IHRK FT@R JM?BPA2 O>M>?B;? >;G:HB UMABVHV UMAV W@XTPI LHJFMAN OPJPKEC $ J;ABEB<A >;G:HB >?@ABCDEF GHI@JEAK LHJFMAN OPJPKEC UMABVHV UMAV W@XTPI LHJFMAN OPJPKEC I:A@= " PAQBE >;G:HB >?@ABCDEF GHI@JEAK LHJFMAN OPJPKEC UMABVHV UMAV W@XTPI LHJFMAN OPJPKEC I:A@= # R?H>;><AE@A>MB Bโ งDB;<B< >?@ABCDEF GHI@JEAK LHJFMAN OPJPKEC J;ABEB<A Bโ งDB;<B< UMABVHV UMAV W@XTPI LHJFMAN OPJPKEC

_APK ` UMDK CBD@E@AB F>;@;G>@= <A@ABH@;A< " $

9:;<:=>?@AB? " $

$%

! "#! $

%!% !

4

4 % %

%

$ 5

! $ !

! !

5$ %

$ 4

4

%

4

%

5 $ #! "

$ % "!

$ 4 $ ""!%

%% 4 4 4 !$$"

%54 5 4$5 %""! $

44

$

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

-/; < = >% 1 &+<$( - -!"'0#" 6 + :"- "*7 !'

% &' ( ) ⌫! *+ , $ -../ !" #$% & ' ! ( )& * + "⌫ +#$% ! -!". "/$ 0 ' 1 2$ ( 3 4 & ⌫5 0 ! " 0 6 "(7" #$% ! 0 1 5"6 " 8 ' 8" !2 #$% 0 "!"- " & ⌫5 ' 9 ⌫ -!" 0 2$ -9 ⌫ -!" 0 7(*! :"(⌫; . "1&-/< =)&27 " :"" & %0 ) , 9 : ) , 0 ⌫ : ) ,

2" : c ( $ $

+12*/134*.1.*-1.+.

+1545155:

# ! "

51**+13+/ +/+1*3-13.

⌫

+1/+41-65 .+1/-+1/+*

7*3414+28 212/+163/ 7*.12/21/4*8 +.-1*-/1+63 -/1..+1*.3 -/.1.5-13.2 +*.15/51/43 7+1/-61**68 *5+15+-14.3 +1*5+1*/2 +2*132. : +1./.1/3+ 5.-14-51.6.

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

-/; PAN@TLFGD@A YX KHOLHAG PD@B@EDBC D@KFIGBADF@ V` VWLD@?LL L?JG?@ALa I@T GSH XHFT HAEHE UHJHLYHT *+1 -//3 >?@ABC D@EFG? HAFIBJ? K??L MNBIKBJ? L?IODE?L P??L B@Q L?IODE?L D@EFG? RDODQ?@Q D@EFG? SBD@ F@ QDLTFLBC FK GBIU?ABVC? L?EWIDAD?L X@A?I?LA D@EFG? MGSHT DAJ@LH Z@GFC TH[HAVHB YFLA FK I?@ABC B@Q L?IODE?L SIFLL TIFKDA ZQGD@DLAIBADO? B@Q FT?IBAD@J ?โ งT?@L?L X@A?I?LA ?โ งT?@L?L X@EFG? ABโ ง \IFKDA BKA?I X@EFG? ]Bโ ง ^โ งT?@L?L \IFKDA FK _D@FIDA` X@A?I?LA \HG ]T@NDG ^T@]HTGX1 ^CFAG FAE _`VD]LHAG:AHG PAGFAODYCH QBBHGB:AHG Z@GFC QBBHGB

+12*/134*.1.*-1.+.

51**+13+/ +/+1*3-13.

QBBHGB RHAGFC FAE MGSHT KHOLHAGB

+1/+41-65 .+1/-+1/+*

+1545155:

-/.1.5-13.2 +1*5+1*/2

+*.15/51/43 +2*132.

WFTHS@VBH KHOLHAG

U@JVLHAG KG@TFOH KHOLHAG

MNNBHGGDAO PGHLB 7*3414+28 7*.12/21/4*8

7+1/-61**68 :

b@DA c dBNA ?@AB@CDEFGHE IDAFAJDFC KGFGHLHAGB

212/+163/ +.-1*-/1+63 -/1..+1*.3 *5+15+-14.3 +1./.1/3+ 5.-14-51.6.

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

2! < d ( % &' ( ) ⌫! *+ , $ -./0 ! "#$ % ' ( )% * + !⌫ +"#$ - !. !/# 0 ' 1 2# ( 3 4 % ⌫5 %)6!7 1 8 !(9! "#$ 0 1 5!8 ! : ' :! 2 "#$ 0 ! !- ! % ⌫5 ' ; ⌫ - ! 0 2# -; ⌫ - ! 0 9(* <!(⌫6 . !1%-/= >)%29 ! <!! % %1 ) , 9 : ) , 1 ⌫ : ) ,

$ $

&

& *23+*4300.

&

& &

-3-6+3*55 :

# ! "

& & & 2536563//+ & & & & &

⌫

& & & & .+3+6/3-2/ & &

&

&

& & & & 7*430*-326*8 +*03*5230+5 & & & & & & &

&

+53552364--632653045 +*23*0*35/6 7+3++23*658 *463-2/3555 +3./-3+-* -6*3/*5 : +35/.3.46 /5*35--302.

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

E<P COD TDBP D=ADA QDFDHUDP *+3 -664 ?@ABCD EAFGH@ IBGJCK@ L@@M NOCJLCK@ M@JPEF@M Q@@M CAR M@JPEF@M EAFGH@ SEPER@AR EAFGH@ TCEA GA REMUGMCD GL HCJV@BCWD@ M@FXJEBE@M YAB@J@MB EAFGH@ ZBO@J EAFGH@ V<CB? PDWD=RD> [GMB GL J@ABCD CAR M@JPEF@M TJGMM UJGLEB \RHEAEMBJCBEP@ CAR GU@JCBEAK @โ งU@AM@M YAB@J@MB @โ งU@AM@M YAFGH@ BCโ ง ^JGLEB CLB@J YAFGH@ _Cโ ง `โ งU@AM@M ^JGLEB GL aEAGJEBb YAB@J@MB XDC YP<J@C ZP<YDPCT3 Z?B=C B=A [\R@YHD=C:=DC L=CB=K@U?D M>>DC>:=DC V<CB? M>>DC>

&

& *23+*4300.

&

& &

& & & 2536563//+ & & & & &

M>>DC> ND=CB? B=A ICODP GDKHD=C>

& & & & .+3+6/3-2/ & &

&

-3-6+3*55 :

--632653045 +3./-3+-*

+*23*0*35/6 -6*3/*5

SBPDO<R>D GDKHD=C

Q<FRHD=C GC<PBKD GDKHD=C

IJJ>DCC@=K LCDH> & 7*430*-326*8 & & & &

7+3++23*658 :

cAEB d eCOB ;<=><?@ABCDA E@=B=F@B? GCBCDHD=C>

&

& & & +*03*5230+5 & & &

&

+53552364*463-2/3555 +35/.3.46 /5*35--302.

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

⌫

⌫ ⌫ ⌫ ! "# $ % % & '

( ) ) * +, " " -

. "/ 0 1 # 2 % ' ) ( ( +3.3 4 % &+ 5(6 0⌫( 7⌦ $ - )⌫ 4 9 : ' ⌫ ⌫ ; ( ( * +&- ' : % ' ⌫ ⌫ " 9& 9 : , ; ( "# - (

⌫

( * +&- ' 9 :' ': % ⌫ " -< +,= ⌫ 2 ( = )< +,= ⌫ > 2 % ' ': , ; (% & )< % ⌫ 7⌦ 9 :?:

: $-: + (/ ( ' ': (

( * +&- ' @ #-& " -%*) ( ( : A3 B

- " p ( ⌫

!

⌫ ⌫ ( ⌫

⌫

" # $ ⌫

⌫ ⌫ " ⌫ '() ⌫ *"++ % & !"

# $ # $ % & # $

4 ,-

A3H 3! 43 ,- -

3 H 3 3 ./ /

! !!! 4 A !! 4! !! 0 10111

@ !!!B 4 !4 !! 4 !! #.02/30111$

( " ⌫ ⌫ !"

4 4 !!! H !! A 4 !! 01//0111

'D 2 5 5"' ⌫ % & EE % ! !!!

4 56 &"

&⌫G C#(+ % &- , EE '=D) ( ; (> ' + 2 5"1 ⌫= 8 - , '=D) (

- " p & 5 7 ,,1 ,3/ H !! A !!

,,1 ,3/ H! 4 4A

" " 9 : : )< C#': =D) ( $-: ( $-E $ ( 5D - ⌫ = ( ( E5⌫ (#:",& " = - ⌫= , F ⌫ &⌫% > ' '# EE ( * + G2 ;D( @&- 5 B 9 : : )< C#:'=D) ( (#:",& " " $-: ( " " @ #-& " -%* B " "9 : : ' ' (< ( ' ': ⌫ @ #-& " -%* B

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

9::;<=> ?@A> Bโ งD;ED;F@GFEA IJKL MN LOP QMRSJTUVW XJTY ZTYPK [\LXP ]PPYW ^ZR_PKW JTY ! \W \T LOP O\`OaJU Pโ งSKMSK\JLPY JX\`TRPTL JKPJW ZTYPK LOP cZT\d\SJX e\`OaJU fโ งSJTW\MT IKMgPdL NMK hXMT` iJT`SJjMj kMTP lJW_ZKJTJ lMJY i3f3 4 @ HH B \T JddMKYJTdP a\LO J lMUJX ]PdKPP3 mW J dMTWPnZPTdP LOP QMRSJTU \T i3f3 4 @ HH B OJY KPdP\oPY LOP N\KWL XML MN XJTY dMRSPTWJL\MT NKMR LOP iJT`jMj cPLKMSMX\LJT mYR\T\WLKJL\MT3 eMaPoPK LOP WPdMTY XML MN XJTY dMRSPTWJL\MT OJW TML _PPT M_LJ\TPY JW \L OJW _PPT YZK\T` LOP dMZKWP MN XJTY WZKoPU JTY LOP iJT`jMj cPLKMSMX\LJT mYR\T\WLKJL\MT OJW RJYP JT M_gPdL\MT LM LOP XJTY _MZTYJKU MT LOP KPJWMT LOJL LOP JKPJ MZLW\YP LOP NPTdP \W J SZ_X\d JKPJ3 [OP QMRSJTU OJW OMaPoPK RJYP J YPRZKK\T` SKMLPWL W\TdP LOP JKPJ \W JddMKY\T` LM LOP [\LXP ]PPY a\LO\T LOP QMRSJTUVW XJTY _MZTYJKU3 [OP QMRSJTU OJW N\XPY JT JSSPJX LM LOP QMZKL JTY LOP QMZKL OJW YZXU SJWWPY \LW gZY`PRPTL @WPP JXWM ^MLP A3 LM LOP N\TJTd\JX WLJLPRPTLWB3 ^K> =โ งD;ED;F@G=> \FGK= @;=@ D=; ]==> @_;==I=AG PE #LT<@;= Q@U$ ! \EG@K

4 ,-

P=Q =โ งD;ED;F@G=> @;=@ D=; VW9 #LT<@;= Q@U$

P=Q =โ งD;ED;F@G=> @;=@ D=; HEID@ARSJ GFGK= >==>J #LT<@;= Q@U$

A3H 3! 43 ,- -

3 H 3 3 ./ /

tT\L p iJOL V@K@A:= GE [= X=:=FY=> ;=:=FY=> #D@F>$ GU= ZF;JG ZE; A> FAJG@KKI=AG FAJG@KKI=AG EZ D=; A=Q @;=@ :EID=AJ@GFEA EZ VW9 ! !!! 4 A !! 4! !! 0 10111

@ !!!B 4 !4 !! 4 !! #.02/30111$

V@K@A:= GE [= ;=:=FY=> D=; A=Q @;=@ EZ GU= HEID@AR 4 4 !!! H !! A 4 !! 01//0111

[OP QMRSJTU dJXdZXJLPY XJTY dMRSPTWJL\MT JddMKY\T` LM LOP J`KPPRPTL JL iJOL ! !!! SPK WnZJKP aJO3

HEIIFGI=AG [OP QMRSJTU OJW dMRR\LRPTL NKMR XPLLPKW MN `ZJKJTLPP \WWZPY _U dMRRPKd\JX _JTj JW NMXXMap tT\L p iJOL L=D@;@G= MFA@A:F@K LG@G=I=AGJ HEAJEKF>@G=> O@;GF:<K@; 11N 11 11N 11qPLLPKW MN `ZJKJTLPP

H! 4

4A

H !!

A !!

[aM WZ_W\Y\JKU dMRSJT\PW JKP `ZJKJTLMKW NMK LOP SJKPTL QMRSJTU MT KPSJURPTL NMK _JTj MoPKYKJNLW WOMKLrLPKR XMJTW JTY MLOPK X\J_\X\L\PW JoJ\XJ_XP JL LOP _JTj3 hKZT`YOPS sMSOMT IZ_X\d QMRSJTU q\R\LPY \W LOP `ZJKJTLMK NMK XMT`rLPKR XMJTW LM LOP WZ_W\Y\JK\PW @WPP ^MLPW B3 [OP WZ_W\Y\JK\PWV _Z\XY\T` JTY aJKPOMZWPW aPKP _Z\XL MT LOP QMRSJTUV W XJTY @WPP ^MLP B3

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

⌫ ⌫ ⌫ ⌫ ⌦ ⌫ ⌫ ⌫ ! " # $ ⌫ %& ' ( )* ) "+ * $* $ " %, , * *- % %⌫ ./01 " ⌫ , ) * * *2 " 3 ⌫ - ) 4 * %, 4 5 ⌫ ' % $ + +⌫6 ( ⌫ ⌫7 ⌫ . 689 ./!/ 9 76 ) *⌫ 6 6 " + $ : :1 6 * ⌫, 7 ⌫, ⌫ . *⌫ * ./!; ) - 4 < => 6 6 3 9 ⌫ ! 68 5 * .//? 9 4 < =>) *⌫ 6 6 " @, ⌫ 0 A * .//? ⌫,) - A⌫ 3 9 A⌫ ⌫ .; A * .//? ) - 7 A⌫ 3 9 % 4 $ 6 6 2 9 A⌫ ⌫ ) @, 6- ⌫ + $* ⌫, .? B⌦ % $ " -* ) 7 $ ⌫, ⌫, ) 3 , '- ⌫, $ C 3&* 2 * ⌫, ⌫,7 ⌫ .! * D4 ./!/ 9 + , 3 ) * ⌫ 6 6 " ⌫, + $ 3 ** ⌫, 2 3 6 * ⌫, 7 ⌫ 1 34 * ./!1 9 4 < =>) *⌫ 6 6 - 3 * 6 6 2 9 + , 3 % 4 $ 6 6 2 9 A⌫

*⌫ ⌫ ⌫ D - 6- 2 9 D A > =$ 3 %$ 6 9 ./! B⌦

)* * D3 7 23 ⌫ 4 6* ) ⌦ @, " 6 D 2 4 6* E3 * * 34% $ 2 . F ⌫ .: *⌫ * ./!; 9 76 ) 6 6 " 2 ⌫ 2 4 6* D 3 7 7 $ ) - 4 < => 6 6 3 9 ⌫ .! * * .//? 9 4 < =>) *⌫ 6 6 - 3 * 6 6 2 9 + , 3 ⌫ . 4*5 6 <> .//? ) - A⌫ 6 6 3 9 ⌫ . * .//? 4 6* ) - 7 A⌫ 3 9 % 4 $ 6 6 2 9 A⌫

! "# "$ % " ⌫& " '& ' " 7 $ *⌫2 * ⌫ - *- , " 4 7 $ 4 ⌫, ! ( )*⌫ G C+⌫) % ' " * 34% $ 2 ! ! "+⌫& , #- . . + )) * ⌫ )* %H 3 3 * CC =⌫ ⌫ CC )* %H 3 3 *2 " CC B⌦ $ " * ⌫ 7 7 $

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

/010231045 /367801 6019 :8714;<= >8?70@03=A 78<@ ?A 3 @<?14=

I JKLMNO PQKJ PQLPRJRSOT UNO VNWXKYPSMRNY RY MZK SWNQYM NU [SZM ! WR\\RNY UNO MZK PQLPRJRSOT QYJKOMS]RY^ SP S JKXNPRMSOT NU ^NNJP LQM _RMZNQM JQK VSOK RY XOK`KYMRNY NU U\NNJ RY MZK \SMMKO XSOM NU TKSO / aY MZSP VNYYKVMRNYb MZK PQLPRJRSOT SQMZNORcKJ RMP \S_TKO MN JKUKYJ MZK VSPKb SP RM ZSJ JK`NMKJ RMPK\U RY XOK`KYMRY^ MZK U\NNJ SP ^NNJ XONUKPPRNYS\ JKXNPRMSOT PZNQ\J ZS`K JNYK dY eN`KWLKO . b .??.b MZK fR`R\ fNQOM OKYJKOKJ gQJ^KWKYM NOJKORY^ MZK PQLPRJRSOT MN WS]K XSTWKYM NU [SZM : :1 WR\\RNY _RMZ RYMKOKPM MN MZK JKLMNO dY hSOVZ .b .??0b MZK PQLPRJRSOT UR\KJ SY SXXKS\ S^SRYPM MZK fNQOMiP gQJ^KWKYM dY hST !b .??:b MZK IXXKS\ fNQOM ZSP OKYJKOKJ MZK gQJ^KWKYM MN JRPWRPP MZK PQLPRJRSOTiP VSPK dY โ บQ\T 0b .??:b S JKLMNO PQLWRMMKJ SY SXXKS\ S^SRYPM MZK fNQOMiP gQJ^KWKYM MN MZK kQXOKWK fNQOM dY โ บQ\T .;b .??:b MZK PQLPRJRSOT PQLWRMMKJ SY SXXKS\ S^SRYPM MZK JKLMNOiP SYP_KO MN MZK kQXOKWK fNQOM fQOOKYM\Tb MZK VSPK RP QYJKO MZK kQXOKWK fNQOMiP gQJ^KWKYM

>8?70@03=A 78052 19< @<?14=

lZK PQLPRJRSOT ZSP PQKJ MZK JKLMNO UNO XSTWKYM NU JKLM [SZM .? WR\\RNY MZSM VNWXORPKJ \NSYPb OKVKR`SL\K RYVNWK SYJ RYMKOKPM UONW MZRP JKLMNO lZK PQLPRJRSOT S\PN PKM QX S\\N_SYVK UNO JNQLMUQ\ JKLM SM MZK UQ\\ SWNQYM NU MZRP JKLMNO dY โ บQYK .!b .??.b MZK fNQOM NU UROPM RYPMSYVK OKYJKOKJ gQJ^KWKYM NOJKORY^ MZK JKLMNO MN WS]K XSTWKYM RY SVVNOJSYVK _RMZ MZK PSRJ V\SRW MN^KMZKO _RMZ RYMKOKPM MZKOKNY MN MZK PQLPRJRSOT dY dVMNLKO 1b .??/b MZK fNQOM NU IXXKS\ ZSP OKYJKOKJ MZK gQJ^KWKYM VNYUROWKJ MZK fNQOM NU UROPM RYPMSYVKi gQJ^KWKYM fQOOKYM\Tb MZK VSPK RP QYJKO MZK kQXOKWK fNQOMiP gQJ^KWKYM

kNWK XSOM NU fNWXSYTiP \SYJ _SP Kโ งXONXORSMKJ UNO Kโ งXSYPRNY NU nSPLQOSYS hQYRVRXS\ oR^Z_STb pNYK q\NY^ [SY^XS]N]b [ r ./! E 1Fb SYJ RM RP JRPS^OKKSL\K NY MZK \SYJ LNQYJSOT _RMZ MZK [SY^]N] hKMONXN\RMSY IJWRYRPMOSMRNY lZK fNWXSYTb MZKOKUNOKb ZSP MS]KY VNQOM SVMRNY UNO MZK OK`NVSMRNY NU MZK PQO`KT XONMKPM NU MZK [SY^]N] hKMONXN\RMSY IJWRYRPMOSMRNY EPKK S\PN eNMK . MN MZK URYSYVRS\ PMSMKWKYMPF dY hSOVZ .:b .??0b MZK fR`R\ fNQOM ZSP OKYJKOKJ RMP gQJ^KWKYM S\\N_RY^ MZK NLgKVMRNY NU MZK PNWK X\NM NU fNWXSYTiP \SYJ PQO`KT NU MZK [SY^]N] hKMONXN\RMSY IJWRYRPMOSMRNY RP RY MZK XONXKO WSYYKO SYJ MZK fNWXSYT ZSJ PQLWRMMKJ RMP SXXKS\P dY โ บSYQSOT .!b .??:b MZK fNQOM NU IXXKS\ ZSP OKYJKOKJ MZK gQJ^KWKYM VNYUROWKJ MZK fNQOM NU UROPM RYPMSYVKi gQJ^KWKYM dY sKLOQSOT . b .??:b MZK fNWXSYT PQLWRMMKJ SY SXXKS\ S^SRYPM MZK fNQOMiP gQJ^KWKYM MN MZK kQXOKWK fNQOM dY IXOR\ .b .??:b MZK [SY^]N] hKMONXN\RMSY IJWRYRPMOSMRNY PQLWRMMKJ SY SXXKS\ S^SRYPM MZK fNWXSYTiP SYP_KO MN MZK kQXOKWK fNQOM fQOOKYM\Tb MZK VSPK RP QYJKO MZK kQXOKWK fNQOMiP gQJ^KWKYM

! B07:C478=< 4D E0535:03C F571=8;<517

lZK fNWXSYT SYJ RMP PQLPRJRSORKP ZS`K RYUNOWSMRNY OK\SMRY^ MN MZK URYSYVRS\ RYPMOQWKYMP LNMZ RY SYJ NUU LS\SYVK PZKKMPb SP UN\\N_Pt ! G::4851052 H4C0:0<7 IVVNQYMRY^ XN\RVRKP SOK JRPV\NPKJ RY eNMK ! MN MZK URYSYVRS\ PMSMKWKYMP ! I07J D=4; ?=<3:9 4D :451=3:17 uQK MN MZK VNQYMKOXSOMT JNKP YNM UN\\N_ MZK OKvQROKWKYM RY MZK VNYMOSVM _ZRVZ VSQPKJ JSWS^K MN MZK fNWXSYT SYJ RMP PQLPRJRSORKP

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

⌫ ⌫ ⌦ ⌦ ! ⌫ " ⌫# $ %& ' % & $ ⌫ ! ⌫ ( ' ! )!" ' ! ⌫ ⌫* &+ , - %& ' % & $ ⌦ $ # $ ⌫ ⌫ &⌫ . ⌫ ! &⌫ */ ( 0 (! & - 1& &⌫ ' ) 0 ⌫ & - 1 $ # "! ( $ 2 - )!" */ + 3 * 4 3 ( $ 5 */ $ ⌫ &⌫ $

# $*6 00 ⌫ ⌫ ⌫ ⌫ &⌫

* ⌫ '* ⌫ ⌦ $ )!" . ⌫ ! ' $ % &' % & $ ) * ' $ 2 #* % &' % & $ $ 5 ! ⌫ &⌫ ⌦ # " %& # " ⌫ '. ' 5 41 $ % &' % & $ ) " +⌫ ' " 7 $ #* ⌫ ) * 4 + & & - 1& ' 0 ⌫ ⌦ &$ + 3 * 4 ! ⌫ & ' 0 ⌫ ⌦ &$ + 3 * 4 3 " ⌫ ⌫ ) " ⌫ ⌫ )

! "#$%! & '⌫ #⌫( % &# " & ( ⌫ ⌫- - 00 & ( ⌫ ⌫- -898 :;<= &⌫ > :;?: - */ */ ! * ' $- ! &( @ %⌫ 4A ⌫ % & 3 - $ $ ! ⌦ ' % & $ & ⌫ $ ! ⌦ ) ;B>= C & ⌫ % &# "' $ %& ! & - 1 & D $ ( */ . " & - ! & $ & & ( ⌫ ⌫-) $ % &' % & $ &⌫ $ (! - ' # " &⌦ */ $ ) " $ ) (# & (! *⌫ &⌫ <> + :;;= ' :;?E ⌫ ( $ #* ⌫

% & &-3 ,4 ( @ ! A % & &- ( % & 8 8 ⌫8 " (

! $ q & ?( @ % A B E;:^:ll k=>^kk? B B B B B C FF GAECGG

A B E;:^:ll k=>^kk? >^><<^EE> kp<^;?; ?<k^=E; ??<^klk C C D CEABC AF

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

FGH IJHKLM JLNO PLMG JHNQHIM MR MGH IRSIHSMJTMLRS RU MJTKH TIIRVSMN JHIHLWTXYH LN YLZLMHK KVH MR MGH [RZQTS\ TSK LMN NVXNLKLTJLHN GTWH T YTJ]H SVZXHJ RU IVNMRZHJN TSK LMN IJHKLM ZTST]HZHSM TSK KHXM IRYYHIMLRS TJH HUULILHSM8 FGHJHURJH^ MGH [RZQTS\ TSK NVXNLKLTJLHN H⌧QHIM SR JLNO MR XH NL]SLULITSM SH]TMLWH HUUHIM8 `RJ ULSTSILTY TNNHMN NGRPS LS MGH XTYTSIH NGHHMN^ MGH XRRO WTYVH RU NVIG TNNHMN LN SHM UJRZ WTJLRVN QJRWLNLRSN MR XH HNMLZTMHK UTLJ WTYVH8 aVIG QJRWLNLRSN TJH TNNVZHK MR XH MGH WTYVH RU JLNO H⌧QHIMLS] MR XH LSIVJJHK UJRZ XJHTIG RU IRSMJTIMN8 )*+, -./01*23 14 *21.-.+1 -01. bLNO UJRZ MGH UYVIMVTMLRS LS LSMHJHNM JTMH ZT\ GTWH SH]TMLWH HUUHIM MR MGH [RZQTS\ TSK LMN NVXNLKLTJLHN URJ MGH IVJJHSM TSK MGH URYYRPLS] \HTJN8 cTST]HZHSM XHYLHWHN MGTM MGH\ ITS ZTST]H MGH IRSMLS]HSM JLNO^ KVH MR MGH [RZQTS\ GTN NHM VQ T QYTS TSK URYYRP VQ MGH NLMVTMLRS IYRNHY\8 50*- 60/7. 48 8*2029*0/ *2+1-7:.21+ FGH URYYRPLS] ZHMGRKN TSK TNNVZQMLRSN TJH VNHK MR HNMLZTMH MGH UTLJ WTYVH RU ULSTSILTY LSNMJVZHSMN8 `LSTSILTY TNNHMN NGRPS TM XRRO WTYVH PGLIG HdVTY MR HNMLZTMHK UTLJ WTYVH8 `LSTSILTY YLTXLYLMLHN NGRPS TM XRRO WTYVH PGLIG HdVTY MR HNMLZTMHK UTLJ WTYVH8 eRTSN ITJJ\LS] LSMHJHNM JTMHN IYRNH MR MGH ZTJOHM JTMHN8

;421-*<71*42 14 =-46*>.21 572> FGH [RZQTS\ TSK LMN NVXNLKLTJLHN GTWH NHM VQ TSK JH]LNMHJHK QJRWLKHSM UVSK RS ☺TSVTJ\ >^ >EEE^ LS TIIRJKTSIH PLMG MGH gJRWLKHSM `VSK hIM i8j8 :;<= @>EklA^ LS RJKHJ MR XH MGH NTWLS]N TSK PHYUTJH QJRZRMLRS^ TN PHYY TN MGH UJLS]H XHSHULMN VQRS JHNL]STMLRS RJ JHMLJHZHSM MR LMN HZQYR\HHN TIIRJKLS] MR MGH [RZQTS\mN JH]VYTMLRS8 FGH HZQYR\HHN IRSMJLXVMH RSH QRJMLRS TSK TSRMGHJ QRJMLRS X\ MGH [RZQTS\ TM ;B>= C RU MGHLJ XTNLI NTYTJLHN8 nM GTN TYNR TQQRLSMHK MGH `LSTSNT hNNHM cTST]HZHSM [RZQTS\ eLZLMHK MR XH MGH UVSK ZTST]HJ8 gJRWLKHSM UVSK IRSMJLXVMLRSN ZTKH X\ MGH IRZQTS\ TSK LMN NVXNLKLTJLHN URJ MGHLJ HZQYR\HHN TJH JHIRJKHK TN H⌧QHSNHN LS MGH LSIRZH NMTMHZHSMN URJ MGH \HTJN HSKHK oHIHZXHJ <>^ :==l TSK :==p TN URYYRPNq

=0-1*97/0-+ sJVS]KGHQ aRQGRS gVXYLI [RZQTS\ eLZLMHK sJVS]KGHQ oRIVZHSM [RZQTS\ eLZLMHK s8t8[8 tTJHGRVNH [RZQTS\ eLZLMHK J410/

;42+4/*>01.> AAF AAD E;:^:ll k=>^kk? >^><<^EE> kp<^;?; ?<k^=E; ??<^klk C C D CEABC AF

rSLM q iTGM H.I0-01. 5*2029*0/ H101.:.21+ AAF AAD E;:^:ll k=>^kk? B B B B B C FF GAECGG

Krungdhep Sophon Public Company Limited

ANNUAL REPORT 2007

ÃÒ§ҹ»ÃШӻ‚ 2550

ËÁÒÂà˵ػÃСͺ§º¡ÒÃà§Ô¹ ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹) áÅкÃÔÉѷ‹Í ³ Çѹ·Õè 31 ¸Ñ¹ÇÒ¤Á 2550 áÅÐ 2549

$ &'(⌫*+,-./0 ;<=>?@ABCB⌫EF>⌫GH=IAJKIL= =;MNNOPQR<?;S⌫P=TIPMJU?I@⌫V ,& W?IUFNB +3( GIXYV HZF[;<=>@? B⌫\O]FJ@MI@FHEF>⌫ RO?HZF[B⌫[F<S<?;S<MH [QA<@FH;?^_⌫JKU`<F`AJK aOb<F`ZCF`YXVI;FH<F`[F<@⌫VAJK<?;[F<`[GUKIEF>⌫GH=IAJK R<XYGScI<F`ZCF`@⌫VLKYHRKFB aObR?[JKU`\O]FJ@MI @FHEF>⌫`[BFZF[S⌫[CYIdI[F<NQIUeEF>⌫GH=IAJK EF>⌫GH=IAJKIL= =;MNNO]YH;<=>?@PQR<?;S⌫P=TIPMJU?I@⌫V ,& W?IUFNB ++ aOb]YH;<=>?@`CY`PQR<?;S⌫P=TIPMJU?I@⌫V ,& W?IUFNB ++ aOb +3( NQIUedIY?L<F<KY`Ob , ZF[[QA<@FH;?^_⌫ RO?HZF[S<?;S<MHJKU`<F`AJKaOb<F`ZCF`YXVI;FH<F`[F<@⌫VAJK<?;[F<`[GUKI EF>⌫GH=IAJK R<XYGScI<F`ZCF`@⌫VLKYHRKFBdI[F<NQIUeEF>⌫GH=IAJK G_VI GH=IS?I\O<?; \O]FJ@MI@FHEF>⌫`[BFABCG[=I + <Y;<b`bGUOF ;?^_⌫ GScILKI RICU` 6 OKFI;F@ ?4A2'&'(⌫7⌫C;:0 2'B1'2 2D= 5⌫ [QA<@FH;?^_⌫[CYIEF>⌫GH=IAJK \O[<b@;LCY[QA<@FH;?^_⌫@⌫VABCgXYGScI<F`AJKR<XYNCFd_KZCF`@FHEF>⌫ % GH=IS?I\OAJK<?;[F<`[GUKI % YXVIh [QA<@FHEF>⌫GH=IAJK EF>⌫GH=IAJK@⌫VNQIUeLFBY?L<FEF>⌫@⌫Vd_K *H;[F<GH=IGifFb[=Z[F<EF>⌫GH=IAJK@⌫VNQIUeLFBY?L<FEF>⌫@⌫Vd_K *;<=>?@`CY`2D= 5⌫ #E [QA<@FH;?^_⌫[CYIEF>⌫GH=IAJK *[CYIS<?;S<MHdRBC\O[<b@;LCY[QA<@FH;?^_⌫@⌫VABCgXYGScI<F`AJKR<XYNCFd_KZCF`@FHEF>⌫ % GH=IS?I\OAJK<?;[F<`[GUKI % PCUIa;CH[QA<ZF[GH=IOH@MILFBU=W⌫PCUIAJKGP⌫` % ]FJ@MI@FHEF>⌫`[BFABCG[=I + <Y;<b`bGUOF;?^_⌫ % YXVIh ]FJ@MI@FHEF>⌫GH=IAJK EF>⌫GH=IAJK@⌫VNQIUeLFBY?L<FEF>⌫@⌫Vd_K *H;[F<GH=IGifFb[=Z[F<EF>⌫GH=IAJK@⌫VNQIUeLFBY?L<FEF>⌫@⌫Vd_K *;<=>?@`CY`2D=

%

&' (

&' (

% % % % % "

* +, &( & + , , + ,& #

* +, &( & + , , + ,& #

& '

%

& '

*& &&*( 3(* '+ +, * &3% % "

% % % % % % 3 , # $

*& &&*( 3(* '+ +, * &3% 3 , # $

1'234/526*&7849:⌫;<=>

;?^_⌫;FHRBUJ]YH;<=>?@dIS⌫ +3( AJKZ?JS<bGE@dRBC GfXVYdRKPYJNOKYH[?;[F<aPJH<F`[F<dIH;[F<GH=IS⌫ ++

1'2?-@=4A,+81'2*+,H;[F<GH=II⌫TAJK<?;[F<YIMB?L=ZF[[<<B[F<]YH;<=>?@aOKU

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

ANNUAL REPORT 2007

ร ร ร ยงร ยนยปร ร ยจร ยปโ 2550

Notes to the Financial Statements KRUNGDHEP SOPHON PUBLIC COMPANY LIMITED AND SUBSIDIARIES DECEMBER 31, 2007 AND 2006

$ % โ ง

โ ง ) ,&9 ) โ ง

:

โ ง โ ง โ ง โ ง

โ ง โ ง ) ,&9 โ ง ) ,&9 , :

โ ง โ ง โ ง โ ง โ ง 6 9 โ ง

+ 9 5 6 7 8 โ ง ! ! " โ ง $โ ง

% &' ( &' ( โ ง โ ง

% ) % * +,* +,% .

% &( &( โ ง ! % & + & + " โ ง โ ง */ 0 / % , , , , " โ ง โ ง */ % + ,& + ,& " # # ! $ ! " โ ง $โ ง * 1 & ' % & ' โ ง โ ง

% ) *& &&% *& &&% / 2 *( 3(% *( 3(% โ ง

+

* '+% * '+% .

+, % +, โ ง 4

* &3% * &3" โ ง โ ง */ 0 / % % % " โ ง โ ง */ % 3 , 3 , " # $ # $

Krungdhep Sophon Public Company Limited

ºÃÔÉÑ· ¡Ãا෾âÊÀ³ ¨Ó¡Ñ´ (ÁËÒª¹)

Krungdhep Sophon Public Company Limited 185 ËÁÙ‹ 1 ¶¹¹ÃÒɮà ºÙóРá¢Ç§ºÒ§»Ð¡Í¡ à¢μÃÒɮà ºÙóР¡Ãا෾ 10140 185 Moo 1, Ratburana Road, Bangpakok, Ratburana, Bangkok 10140 Tel : 0-2427-3374, 0-2427-0963, 0-2871-3191-5 Fax : 0-2427-0964

www.kwc.co.th