Baht'000 Baht'000 Baht'000 Baht'000 Profit before tax 326,878 513,165 310,861 385,844 Interest expense 107,793 133,450 66,482 81,025 Currency swap cost 55,945 65,936 55,945 64,836 Dividend income - (963) - (963) Share of profits less losses in subsidiary and associated companies 3,400 (7,051) (262,028) (238,310) Interest income (35,391) (48,735) (78,959) (77,446) Profit before adjustments non-cash items 458,625 655,802 92,301 214,986 Allowance for doubtful accounts (2,399) 16,306 (4,660) (474) Depreciation and amortisation (note 5) 349,472 334,258 63,292 58,867 Reverse provision on suspended business segment (77,000) - - - Goodwill amortization 98 - - - Deferred charges written off - 3,580 - - Book value of property, plant and equipment written off 4,914 262 2,679 14 Gain on disposal of property, plant and equipment (4,294) (6,579) (3,025) (4,348) (Gain) loss on disposal of investments (39,540) 3,592 1,467 3,592 Provision for staff retirement benefits 30,748 25,697 17,337 14,000 (Gain) loss on conversion of foreign currency borrowings (207) 1,678 - 10 INCREASE (DECREASE) IN WORKING CAPITAL Accounts receivable 607,314 (213,963) 10,278 82,046 Inventories (275,092) (70,219) (70,848) (24,428) Other current assets Others (35,491) (3,669) 33,342 (5,454) Other assets - Others (21,462) 214 18 159 Accounts and notes payable (18,257) 97,521 (115,584) 93,105 Accounts payable related parties - - 118,909 184,198 Accrued expenses 159,745 142,363 27,901 40,588 Other current liabilities (24,889) (63,964) (3,122) (34,728) Loans from directors and employees (2,272) (1,293) (2,300) (1,237) Long-term lease deferred income (2,804) (2,805) (2,804) (2,805) Staff retirement benefits (41,487) (61,390) (30,171) (43,452) Other liabilities 1,760 (13,923) 1,760 (13,708) Net cash inflow from operating activities before inocme tax 1,067,482 843,468 136,770 560,931 Income tax paid (252,639) (156,698) (8,324) (30,305) Net cash inflow from operating activities 814,843 686,770 128,446 530,626 12 Related Party Transactions The following material transactions were carried out with related parties: i) Sales of goods and services (Unaudited) Consolidated Company For the three month period ended 30 June 30 June 30 June 30 June 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Berli Jucker Specialties Ltd. - - 14,175 - (Unaudited) Consolidated Company For the six month period ended 30 June 30 June 30 June 30 June 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Berli Jucker Specialties Ltd. - - 30,071 - ii) Purchases of goods and services (Unaudited) Consolidated Company For the three month period ended 30 June 30 June 30 June 30 June 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Purchase of goods and services Berli Jucker Logistics Ltd. - - 30,165 - Rubia Industries Ltd. - - 57,366 173,866 Berli Jucker Foods Ltd. - - 21,421 133,423 Thai Glass Industries PCL - - 382,124 291,436 Others - - 8,497 7,380 - - 499,573 606,105 (Unaudited) Consolidated Company For the six month period ended 30 June 30 June 30 June 30 June 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Purchase of goods and services Berli Jucker Logistics Ltd. - - 56,660 - Rubia Industries Ltd. - - 123,546 328,920 Berli Jucker Foods Ltd. - - 35,560 258,418 Thai Glass Industries PCL - - 712,554 574,114 Others - - 16,131 17,659 - - 944,451 1,179,111 iii) Interest income from subsidiary companies (Unaudited) Consolidated Company For the three month 30 June 30 June 30 June 30 June period ended 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Rubia Industries Ltd. - - 3,461 2,537 Thai-Scandic Steel Co.,Ltd - - 1,266 354 Berli Jucker Foods Ltd. - - 901 1,326 Berli Jucker Cellox Ltd. - - 585 1,665 Berli Prospack Co.,Ltd - - 555 593 Berli Jucker Specialties Ltd. - - 5,248 518 Thai Glass Industries PCL - - 31,173 15,343 Others - - 27 1,370 - - 43,216 23,706 (Unaudited) Consolidated Company For the six month period ended 30 June 30 June 30 June 30 June 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Rubia Industries Ltd. - - 4,793 4,801 Thai-Scandic Steel Co.,Ltd - - 2,975 3,073 Berli Jucker Foods Ltd. - - 1,241 2,362 Berli Jucker Cellox Ltd. - - 1,440 3,600 Berli Prospack Co.,Ltd - - 1,106 1,201 Berli Jucker Specialties Ltd. - - 11,765 1,031 Thai Glass Industries PCL - - 34,127 26,939 Others - - 165 3,386 - - 57,612 46,393 iv) Interest expenses paid to subsidiary company (Unaudited) Consolidated Company For the three month 30 June 30 June 30 June 30 June period ended 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Montana Co., Ltd. - - 147 182 (Unaudited) Consolidated Company For the six month 30 June 30 June 30 June 30 June period ended 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Montana Co., Ltd. - - 332 341 iv) Interest income from associated companies (Unaudited) Consolidated Company For the three month 30 June 30 June 30 June 30 June period ended 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Beston Food (Shanghai) Co.,Ltd 208 147 208 147 BJT Water Co., Ltd 25 71 25 71 233 218 233 218 (Unaudited) Consolidated Company For the six month period ended 30 June 30 June 30 June 30 June 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Beston Food (Shanghai) Co.,Ltd 410 293 410 293 BJT Water Co., Ltd 95 140 95 140 505 433 505 433 Business transactions between the Company and related parties are conducted during the ordinary course of business; the price of goods sold is based upon normal profit margins over the cost of the related goods and services and interest rates are based on the Company's cost of borrowing and market rates. v) Outstanding balances arising from sales/purchases of goods/services Consolidated Company (Unaudited) (Audited) (Unaudited) (Audited) As at 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Accounts receivable related parties Subsidiary Companies Rubia Industries Ltd. - - 31 2,304 Berli Jucker Foods Ltd. - - 23 4,822 Thai Glass Industries PCL - - 18,499 15,656 Berli Jucker Specialties Ltd. - - 15,139 32,569 Others - - 606 1,341 - - 34,298 56,692 Accounts payable related parties Subsidiary Companies Berli Jucker Foods Ltd. - - 15,577 5,858 Rubia Industries Ltd. - - 21,779 24,525 Thai Glass Industries PCL - - 253,511 144,278 Berli Jucker Cellox Ltd. - - 6,120 4,372 Others - - 969 14 - - 297,956 179,047 Lease receivable from a related party - Current portion - - 13,500 31,500 - Non-current portion - - - - The lease receivable from a related party represents amounts outstanding under a five-year finance lease for machinery and equipment entered into with Berli Jucker Cellox Ltd. in November 1995. The lease carries interest at 12% per annum. vii) Short term loans and advances to related parties Consolidated Company (Unaudited) (Audited) (Unaudited) (Audited) As at 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Subsidiary Companies Berli Jucker Foods Ltd. - - 123,487 3,927 Rubia Industries Ltd. - - 263,890 79,808 Thai-Scandic Steel Co., Ltd. - - - 75,804 Berli Jucker Specialties Ltd. (net of allowance for doubtful account of Baht 9 million) - - 207,757 189,150 Thai Glass Industries PCL. - - 1,956,330 358,031 Agri-Systems (Thailand) Co., Ltd. - - 35,855 35,855 Thai Klinipro Co., Ltd. - - - 30,065 Berli Prospack Co., Ltd. - - 19,437 18,295 Others - - 8,787 8,582 Associated Companies BJT Water Co., Ltd. 781 3,817 781 3,817 Beston Food (Shanghai) Co., Ltd. 9,714 9,715 9,714 9,715 Berli Asiatic Soda Co., Ltd 30,000 - 30,000 - Other Companies Pathum Thani Water Co., Ltd. 153,680 153,680 153,680 153,680 Prospack Co., Ltd. Group 234 112 - - 194,409 167,324 2,809,718 966,729 viii) Short term loans and advances from related parties Consolidated Company (Unaudited) (Audited) (Unaudited) (Audited) As at 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Subsidiary Companies Montana Co., Ltd. - - 4,781 5,264 Berli Jucker Logistics Ltd. - - 6,185 - Thai-Scandic Steel Co., Ltd. 5,127 - Associated Companies - 12 - - Other Companies BJT Water Co., Ltd. 17,241 17,241 17,241 17,241 Prospack Co., Ltd. Group - 10 - - 17,241 17,263 33,334 22,505 ix) Investments in related companies Consolidated Type of business Group Shareholding Paid up capital (Unaudited) (Audited) 30 June 31 December 2000 1999 Baht' 000 Baht' 000 Associated Companies BJC Marine Resources Development Co., Ltd. Dormant 50.00% 94,400 94,400 Thai-Swiss Metal Works Co., Ltd. Dormant 50.00% 60,000 60,000 Berli Asiatic Soda Co., Ltd. Sale of soda ash 49.15% in 2000 41,250 - ADAT Sales (Thailand) Ltd. Travel 48.32% 3,000 3,000 Thai-Pacific Foods Ltd. Dormant 47.33% 391,106 391,106 BJT Water Co., Ltd. Consultancy and 35.00% in 1999 - 20,000 management service for water and waste water system Beston Food (Shanghai) Co., Ltd. Manufacture of 34.00% USD 4,000 USD 4,000 snack foods O-I Pacific (Machinery and Sale of machinery 29.50% in 2000 Distribution) Ltd. for glass container 29.39% in 1999 3,000 3,000 factories Pacific Leisure (Thailand) Ltd. Travel 23.67% 3,000 3,000 Total investment in related parties Carrying Dividend value (Unaudited) (Audited) (Unaudited) (Audited) 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Baht' 000 Baht' 000 Baht' 000 Baht' 000 Associated Companies BJC Marine Resources Development Co., Ltd. 14,623 14,824 - - Thai-Swiss Metal Works Co., Ltd. - - - - Berli Asiatic Soda Co., Ltd. 7,721 - - - ADAT Sales (Thailand) Ltd. 3,042 3,007 - - Thai-Pacific Foods Ltd. - - - - BJT Water Co., Ltd. - 25,244 - - Beston Food (Shanghai) Co., Ltd. 10,884 24,226 - - O-I Pacific (Machinery and Distribution) Ltd. 7,522 5,524 - - Pacific Leisure (Thailand) Ltd. 2,502 2,361 - - Total investment in related parties 46,294 75,186 - - Type of business Group Shareholding Paid up capital (Unaudited) (Audited) 30 June 31 December 2000 1999 Baht' 000 Baht' 000 Subsidiary companies Berli Jucker (Myanmar) Ltd. Import & export 100.00% Kyats 510 Kyats 510 Montana Co., Ltd. Sales of cosmetics and machinery 100.00% 500 500 Berli Jucker Foods Ltd. Manufacture of snack foods 100.00% 170,000 170,000 Rubia Investments Ltd. Investment vehicle 100.00% 753,700 753,700 Cosma Ltd. Dormant 100.00% 1,325 1,325 (a subsidiary holds 98.00%) Berli Jucker Logistics Ltd. Provides customs clearing, warehousing, transportation and distribution services 100.00% 50,000 - Rubia Industries Ltd. Manufacture of soap, 99.70% 12,000 12,000 cosmetics & confectionery Berli Jucker Specialties Ltd. Sales of chemicals 98.30% 63,875 63,875 Thai Glass Industries PCL. Manufacture of glass containers 98.32 % in 2000 585,000 585,000 and 97.95% in December 1999 (a subsidiary holds 2.86%) Thai Flourspar & Minerals Co., Ltd. Manufacture of calcium carbonate 95.00% 2,000 2,000 Berli Jucker Cellox Ltd. Manufacture of paper products 85.85% in 2000 and 85.77% in 1999 500,000 500,000 (a subsidiary holds 9.83%) Thai-Scandic Steel Co., Ltd. Manufacture of galvanized 97.03% of ordinary shares 586,000 586,000 steel structures (a subsidiary holds 56.14%) Thai Klinipro Co., Ltd. Manufacture of surgical gowns 51.00% 100,000 100,000 Berli Prospack Co., Ltd. Manufacture of plastic containers 50.00% 170,000 170,000 Company Carrying value Dividend (more)