Other operating income 159 19 29 (1) 206 Total revenues 12,183 747 4,471 129 17,530 Operating expenses Cost of sales and services and equipment rentals (6,518) (289) (2,844) (108) (9,759) Selling and administrative expenses (1,397) (348) (606) (19) (2,370) Operating income 4,268 110 1,021 2 5,401 Finance cost Net gain on exchange 261 Interest income 130 Interest expenses (304) Income before tax 5,488 Income tax (2,096) Income before minority interests 3,392 Share of net profit in subsidiaries to minority interests - Net income for the period 3,392 Consolidated total assets 45,633 1,206 3,077 644 50,560 Consolidated total liabilities 23,845 278 1,357 162 25,642 Depreciation charge 288 18 18 3 327 Amortisation charge 2,180 70 12 36 2,298 3 Financial information by segment (continued) Consolidated For the three-month period ended 30 June 1999 Mobile phone Pager sales Mobile phone Datanet services and services sales services Group Million Baht Million Baht Million Baht Million Baht Million Baht Revenues from services and equipment rentals 3,968 341 29 41 4,379 Sales - 74 1,668 - 1,742 Other operating income 80 3 (2) - 81 Total revenues 4,048 418 1,695 41 6,202 Operating expenses Cost of sales and services and equipment rentals (2,513) (157) (1,155) (25) (3,850) Selling and administrative expenses (600) (200) (177) (15) (992) Operating income 935 61 363 1 1,360 Finance cost Net gain on exchange 10 Interest income 68 Interest expenses (188) Income before tax 1,250 Income tax (465) Income before minority interests 785 Share of net loss in subsidiaries to minority interests 1 Net income for the period 786 Consolidated total assets 35,100 1,384 1,633 569 38,686 Consolidated total liabilities 17,190 288 933 94 18,505 Depreciation charge 126 13 8 1 148 Amortisation charge 976 31 4 13 1,024 3 Financial information by segment (continued) Consolidated For the six-month period ended 30 June 1999 Mobile phone Pager sales Mobile phone Datanet services and services sales services Group Million Baht Million Baht Million Baht Million Baht Million Baht Revenues from services and equipment rentals 7,759 679 59 82 8,579 Sales - 135 3,263 - 3,398 Other operating income 129 6 4 1 140 Total revenues 7,888 820 3,326 83 12,117 Operating expenses Cost of sales and services and equipment rentals (4,946) (294) (2,232) (49) (7,521) Selling and administrative expenses (1,175) (380) (456) (28) (2,039) Operating income 1,767 146 638 6 2,557 Finance cost Net loss on exchange (61) Interest income 146 Interest expenses (466) Income before tax 2,176 Income tax (936) Income before minority interests 1,240 Share of net profit in subsidiaries to minority interests (19) Net income for the period 1,221 Consolidated total assets 35,100 1,384 1,633 569 38,686 Consolidated total liabilities 17,190 288 933 94 18,505 Depreciation charge 241 26 15 2 284 Amortisation charge 1,912 62 6 25 2,005 4 Trade accounts receivable, net Consolidated Company 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Million Baht Million Baht Million Baht Million Baht Trade accounts receivable: Third parties 4,347 4,086 3,830 3,579 Related companies (Note 19) 36 42 159 84 Total trade accounts receivable 4,383 4,128 3,989 3,663 Less: Allowance for doubtful accounts (210) (280) (165) (233) Total trade accounts receivable, net 4,173 3,848 3,824 3,430 Certain debtors with settlement problems are included in the above trade accounts receivable. The Group has set up provisions to account for these debtors. The outstanding balances can be aged as follows: Consolidated Company 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Million Baht Million Baht Million Baht Million Baht Overdue 3 - 6 months 209 239 186 218 Overdue 6 - 12 months 91 191 89 190 Over 12 months 62 36 52 25 362 466 327 433 Allowance for doubtful accounts (210) (280) (165) (233) The directors are of the opinion that allowance for doubtful debts overdue more than 3 months of the Group in conjunction with deposits received from these customers (presented in balance sheet as deposits from customers) and bank guarantees received from dealers are sufficient to cover the bad debt risk. 5 Long-term investments, net Consolidated Company 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Million Baht Million Baht Million Baht Million Baht Subsidiaries - - 4,213 3,826 Other company, net - - - - Total long-term investments, net - - 4,213 3,826 Investments in subsidiaries Company 30 June 2000 Million Baht Opening balance Cost 2,732 Accumulated share of net profit in subsidiaries 1,094 Opening net book amount 3,826 Share of net profit in subsidiaries 737 Dividend received (350) Closing net book amount 4,213 5 Long-term investments, net (continued) Company - 30 June 2000 Country of Nature of Paid-up capital Investment Nature of business incorporation relationship (Million Baht) portion (%) Subsidiaries Advanced Paging Service provider of Thailand Shareholder 350 99.99 Co., Ltd. digital paging system network, trading of pagers and providing pagers for rent Advanced Wireless Importer and distributor Thailand Shareholder 240 99.99 Marketing Co., Ltd. of cellular phones, related accessories and cellular phone rental service provider Advanced Service provider Thailand Shareholder 458 67.95 Datanetwork of voice/data Communications communications via Co., Ltd. telephone line (formerly "Shinawatra Datacom Co., Ltd.") Datanetwork Solutions Service provider of Thailand Shareholder 1 49.00 Co., Ltd. voice/data communications via telephone line Company - 30 June 2000 Accumulated share of profit (loss) in Cost subsidiaries Equity Dividend (Million Baht) (Million Baht) (Million Baht) (Million Baht) Subsidiaries Advanced Paging 1,703 262 1,615 (350) Co., Ltd. Advanced Wireless 600 1,598 2,198 - Marketing Co., Ltd. Advanced 421 (32) 389 - Datanetwork Communications Co., Ltd. (formerly "Shinawatra Datacom Co., Ltd.") Datanetwork Solutions 8 3 11 - Co., Ltd. 2,732 1,831 4,213 (350) 5 Long-term investments, net (continued) Company - 31 December 1999 Country of Nature of Paid-up capital Investment Nature of business incorporation relationship (Million Baht) portion (%) Subsidiaries Advanced Paging Service provider of Thailand Shareholder 350 99.99 Co., Ltd. digital paging system network, trading of pagers and providing pagers for rent Advanced Wireless Importer and distributor Thailand Shareholder 240 99.99 Marketing Co., Ltd. of cellular phones, related accessories and cellular phone rental service provider Advanced Service provider Thailand Shareholder 458 67.95 Datanetwork of voice/data Communications communications via Co., Ltd. telephone line (formerly "Shinawatra Datacom Co., Ltd.") Datanetwork Solutions Service provider of Thailand Shareholder 1 49.00 Co., Ltd. voice/data communications via telephone line Company - 31 December 1999 Accumulated share of profit (loss) in Cost subsidiaries Equity Dividend (Million Baht) (Million Baht) (Million Baht) (Million Baht) Subsidiaries Advanced Paging 1,703 228 1,931 - Co., Ltd. Advanced Wireless 600 885 1,485 - Marketing Co., Ltd. Advanced 421 (18) 403 - Datanetwork Communications Co., Ltd. (formerly "Shinawatra Datacom Co., Ltd.") Datanetwork Solutions 8 (1) 7 - Co., Ltd. 2,732 1,094 3,826 - 5 Long-term investments, net (continued) Investment in other company Percentage of holding by the Group and the Company 30 June 31 December 2000 1999 Nature of business Percent Percent Unlisted company Fonepoint (Thailand) Co., Ltd. Service provider of cellular phones 17.80 17.80 Consolidated Company 30 June 31 December 30 June 31 December 2000 1999 2000 1999 Million Baht Million Baht Million Baht Million Baht Other company: Unlisted company Investment, at cost 17 17 17 17 Less: Provision for change in fair value of investment (17) (17) (17) (17) Total investment in other company, net - - - - 6 Property and equipment, net Consolidated - Million Baht Leasehold Buildings and Leasehold building Tools and Land improvements rights improvements equipment At 31 December 1999 Cost 8 57 44 120 2,613 Less: Accumulated depreciation - (25) (35) (42) (1,142) Provision for obsolete fixed assets - - - - - Net book amount 8 32 9 78 1,471 For the six-month period ended 30 June 2000 Opening net book amount 8 32 9 78 1,471 Additions - 1 6 12 238 Transfers - - - 5 27 Write-offs, net - - - (2) (171) Depreciation charge - (2) (2) (9) (248) Provision for obsolete fixed assets - - - - - Closing net book amount 8 31 13 84 1,317 At 30 June 2000 Cost 8 58 50 129 2,634 Less: Accumulated depreciation - (27) (37) (45) (1,317) Provision for obsolete fixed assets - - - - - Net book amount 8 31 13 84 1,317 Consolidated - Million Baht Furniture, Pagers and Assets under Assets fixtures mobile construction purchased Total and office phones for and under finance property and equipment rent Vehicles installation leases equipment At 31 December 1999 Cost 781 88 64 30 4 3,809 Less: Accumulated depreciation (491) (57) (27) - (3) (1,822) Provision for obsolete fixed assets (10) (2) - - - (12) Net book amount 280 29 37 30 1 1,975 For the six-month period ended 30 June 2000 Opening net book amount 280 29 37 30 1 1,975 Additions 83 11 4 64 - 419 Transfers (23) - - (53) - (44) Write-offs, net (6) (2) - - - (181) Depreciation charge (51) (8) (7) - - (327) Provision for obsolete fixed assets 10 - - - - 10 Closing net book amount 293 30 34 41 1 1,852 At 30 June 2000 Cost 816 95 66 41 4 3,901 Less: Accumulated depreciation (523) (63) (32) - (3) (2,047) Provision for obsolete fixed assets - (2) - - - (2) Net book amount 293 30 34 41 1 1,852 6 Property and equipment, net (continued) Company - Million Baht Furniture, Assets under Assets Total Leasehold fixtures construction purchased property Buildings and building Tools and and office and under finance and improvements improvements equipment equipment Vehicles installation leases equipment At 31 December 1999 Cost 16 112 2,526 457 48 25 4 3,188 Less: Accumulated depreciation (4) (35) (1,095) (252) (20) - (3) (1,409) Net book amount 12 77 1,431 205 28 25 1 1,779 For the six-month period ended 30 June 2000 Opening net book amount 12 77 1,431 205 28 25 1 1,779 Additions 1 5 223 32 3 63 - 327 Transfers - 5 25 1 - (75) - (44) Write-offs, net - - (170) (4) (1) - - (175) Depreciation charge (1) (9) (240) (34) (4) - - (288) Closing net book amount 12 78 1,269 200 26 13 1 1,599 At 30 June 2000 Cost 17 122 2,533 473 51 13 4 3,213 Less: Accumulated depreciation (5) (44) (1,264) (273) (25) - (3) (1,614) Net book amount 12 78 1,269 200 26 13 1 1,599 7 Cost of mobile phone and pager service networks and Datanet tools and equipment under concession agreements Consolidated - Million Baht (more)