SAWANG EXPORT PUBLIC COMPANY LIMITED S THIRD
QUARTER AND NINE-MONTH AUDITED FINANCIAL
STATEMENT ENDED SEPTEMBER 30, 2006.
During this period, when comparing the operation figures
to the previous year (2005), there were five significant changes.
1. Decrease in revenues of Baht 102.3 million in the third quarter and
Baht 22.2 million in the nine-month periods respectively. The major
customer was facing with financial problems.
2. In these third quarter and nine-month period, the company provided
the allowance for doubtful accounts in the amount of Baht 71.5 million from
Baht 245.1 million of total trade account receivables. Due to the company
has made a guarantee for risk with the EXIM Bank in case of this account
receivables cannot be paid, so on November 3, 2006 the company received
the compensation from EXIM Bank in the amount of Baht 57.6 million.
3. there was an exchange loss of Baht 20.6 million in the nine - month
as a result of the strong appreciation of the Baht again US dollars.
4. Interest expense increase by Baht 1.0 million in the nine - month from
increase in short - term loan.
5. The loss of the company referred to above was Baht 60.6 million in
the third quarter and Baht 41.9 million in the nine - month.
Signature ........................................Authorized director
(Mr Paetai Maneepairoj)
Managing director