Operating expenses Cost of sales and services and equipment rentals (10,099) (425) (4,444 ) (164) (15,132) Selling and administrative expenses (2,093) (507) (1,019) (30) (3,649) Operating income 6,414 171 1,477 4 8,066 Finance cost Net gain on exchange 627 Interest income 253 Interest expenses (512) Income before tax 8,434 Income tax (3,102) Income before minority interests 5,332 Share of net profit in subsidiaries to minority interests - Net income for the period 5,332 Consolidated total assets 51,200 1,222 3,583 780 56,785 Consolidated total liabilities 27,835 254 1,540 298 29,927 Depreciation charge 434 26 28 5 493 Amortisation charge 3,271 106 4 55 3,436 3 Financial information by segment (continued) Consolidated For the three-month period ended 30 September 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 4,226 319 15 43 4,603 Sales - 54 1,617 - 1,671 Other operating income 65 1 18 - 84 Total revenues 4,291 374 1,650 43 6,358 Operating expenses Cost of sales and services and equipment rentals (2,646) (148) (1,077) (28) (3,899) Selling and administrative expenses (622) (153) (284) (15) (1,074) Operating income 1,023 73 289 - 1,385 Finance cost Net gain on exchange 149 Interest income 42 Interest expenses (143) Income before tax 1,433 Income tax (551) Income before minority interests 882 Share of net loss in subsidiaries to minority interests - Net income for the period 882 Consolidated total assets 36,436 1,493 1,847 568 40,344 Consolidated total liabilities 17,847 338 1,004 92 19,281 Depreciation charge 134 12 8 1 155 Amortisation charge 910 45 (2) 14 967 3 Financial information by segment (continued) Consolidated For the nine-month period ended 30 September 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 11,985 998 72 125 13,180 Sales - 188 4,880 - 5,068 Other operating income 194 8 24 1 227 Total revenues 12,179 1,194 4,976 126 18,475 Operating expenses Cost of sales and services and equipment rentals (7,592) (442) (3,310) (77) (11,421) Selling and administrative expenses (1,797) (533) (740) (43) (3,113) Operating income 2,790 219 926 6 3,941 Finance cost Net gain on exchange 87 Interest income 188 Interest expenses (609) Income before tax 3,607 Income tax (1,487) Income before minority interests 2,120 Share of net profit in subsidiaries to minority interests (19) Net income for the period 2,101 Consolidated total assets 36,436 1,493 1,847 568 40,344 Consolidated total liabilities 17,847 338 1,004 92 19,281 Depreciation charge 375 38 24 2 439 Amortisation charge 2,821 107 5 39 2,972 4 Trade accounts receivable, net Consolidated Company 30 September 31 December 30 September 31 December 2000 1999 2000 1999 Million Baht Million Baht Million Baht Million Baht Trade accounts receivable: Third parties 4,560 4,086 4,053 3,579 Related companies (Note 20) 213 42 274 84 Total trade accounts receivable 4,773 4,128 4,327 3,663 Less: Allowance for doubtful accounts (218) (280) (175) (233) Total trade accounts receivable, net 4,555 3,848 4,152 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 September 31 December 30 September 31 December 2000 1999 2000 1999 Million Baht Million Baht Million Baht Million Baht Overdue 3 - 6 months 247 239 218 218 Overdue 6 - 12 months 59 191 59 190 Over 12 months 69 36 60 25 375 466 337 433 Allowance for doubtful accounts (218) (280) (175) (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 September 31 December 30 September 31 December 2000 1999 2000 1999 Million Baht Million Baht Million Baht Million Baht Subsidiaries - - 4,568 3,826 Other company, net - - - - Total long-term investments, net - - 4,568 3,826 Investments in subsidiaries Company 30 September 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 1,092 Dividend received (350) Closing net book amount 4,568 5 Long-term investments, net (continued) Company -30 September 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 Accumulated share of profit Company (loss) in -30 September Cost subsidiaries Equity Dividend 2000 (Million Baht) (Million Baht) (Million Baht) (Million Baht) Subsidiaries Advanced Paging 1,703 274 1,627 (350) Co., Ltd. Advanced Wireless 600 1,944 2,544 - Marketing Co., Ltd. Advanced 421 (37) 384 - Datanetwork Communications Co., Ltd. (formerly "Shinawatra Datacom Co., Ltd.") Datanetwork Solutions 8 5 13 - Co., Ltd. 2,732 2,186 4,568 (350) 5 Long-term investments, net (continued) Company - 31 December1999 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 Accumulated Company share of profit - 31 December1999 (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 September 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 September 31 December 30 September 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 Leasehold Buildings and Leasehold building Tools and Consolidated - Million Baht 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 nine-month period ended 30 September 2000 Opening net book amount 8 32 9 78 1,471 Additions - 3 7 18 397 Transfers - - - 7 27 Write-offs, net - - - (2) (171) Depreciation charge - (3) (4) (14) (374) Provision for obsolete fixed assets - - - - - Closing net book amount 8 32 12 87 1,350 At 30 September 2000 Cost 8 60 51 136 2,792 Less: Accumulated depreciation - (28) (39) (49) (1,442) Net book amount 8 32 12 87 1,350 Furniture, Pagers and Assets under Assets fixtures mobile construction purchased Total and office phones for and under finance property and Consolidated - Million Baht 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 nine-month period ended 30 September 2000 Opening net book amount 280 29 37 30 1 1,975 Additions 104 13 12 122 - 676 Transfers (25) - - (113) - (104) Write-offs, net (2) (2) (1) - - (178) Depreciation charge (78) (12) (9) - - (494) Provision for obsolete fixed assets 7 - - - - 7 Closing net book amount 286 28 39 39 1 1,882 At 30 September 2000 Cost 835 85 74 39 4 4,084 Less: Accumulated depreciation (549) (57) (35) - (3) (2,202) Net book amount 286 28 39 39 1 1,882 6 Property and equipment, net (continued) Furniture, Leasehold fixtures Buildings and building Tools and and office Company - Million Baht improvements improvements equipment equipment At 31 December 1999 Cost 16 112 2,526 457 Less: Accumulated depreciation (4) (35) (1,095) (252) Net book amount 12 77 1,431 205 For the nine-month period ended 30 September 2000 Opening net book amount 12 77 1,431 205 Additions 2 12 380 45 Transfers - 6 25 1 Write-offs, net - - (170) (5) Depreciation charge (1) (13) (361) (52) Closing net book amount 13 82 1,305 194 At 30 September 2000 Cost 18 130 2,691 486 Less: Accumulated depreciation (5) (48) (1,386) (292) Net book amount 13 82 1,305 194 Assets under Assets construction purchased and under finance Total property Company - Million Baht Vehicles installation leases and equipment At 31 December 1999 Cost 48 25 4 3,188 Less: Accumulated depreciation (20) - (3) (1,409) Net book amount 28 25 1 1,779 For the nine-month period ended 30 September 2000 Opening net book amount 28 25 1 1,779 Additions 10 120 - 569 Transfers - (135) - (103) Write-offs, net (1) - - (176) Depreciation charge (7) - - (434) Closing net book amount 30 10 1 1,635 At 30 September 2000 (more)