BIGC: Annual Report 2006 by Piyanat Kimhamanon

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ontents ¢ÕµâÕπ√—∫ Ÿà∫‘Í°´’ -------------------------------------------2 Welcome to Big C µ—«™’È«—¥º≈ª√–°Õ∫°“√¢Õß∫√‘…—∑œ ª√–®”ªï 2549 ----------------------------------------------3 Key Indicators for 2006 Performance “√®“°ª√–∏“π°√√¡°“√ ------------------------------4 Message from the Chairman §«“¡‡§≈◊ËÕπ‰À«∑’Ë ”§—≠„πªï 2549 -------------------6 2006 Business Highlights °“√®—¥°“√ ---------------------------------------------------8 Management ª√–∏“π°‘µµ‘¡»—°¥‘·Ï ≈–§≥–°√√¡°“√∫√‘…∑— œ ------ 29 Honorary Chairman and Board of Directors ºŸ∫â √‘À“√√–¥—∫ Ÿß ----------------------------------------- 30 Executive Officers §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“·≈–ª√– ∫°“√≥å ¢Õß°√√¡°“√·≈–ºŸâ∫√‘À“√√–¥—∫ Ÿß ----------------- 32 Education and Working Experience of Directors and Executive Officers ‚§√ß √â“ßÕß§å°√∫√‘…—∑œ ------------------------------ 40 Organization Structure ∏ÿ√°‘®¢Õß∫‘Í°´’ -------------------------------------------- 41 The Business of Big C ·ºπ∑’Ë “¢“/¢âÕ¡Ÿ≈∫‘Í°´’ -------------------------------- 48 Big C Store Information

√ÿª¢âÕ¡Ÿ≈·≈–°“√«‘‡§√“–Àåß∫°“√‡ß‘π ------------------ 66 Summary Financial Data °“√æ‘®“√≥“·≈–«‘‡§√“–Àå‡™‘ß∫√‘À“√ -------------- 72 Managements Discussion and Analysis √“¬ß“π¢Õß§≥–°√√¡°“√∫√‘…—∑œ ------------------ 82 Board of Directors Report √“¬ß“π¢Õß§≥–°√√¡°“√µ√«® Õ∫ ª√–®”ªï 2549 -------------------------------------------- 83 The Audit Committeeûs Report for 2006 √“¬ß“π·≈–ß∫°“√‡ß‘π√«¡ ---------------------------- 87 Financial Statements À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡ ----------------- 101 Notes to Consolidated Financial Statements √“¬°“√√–À«à“ß°—π ------------------------------------ 139 Related Company Transactions ºŸ∂â Õ◊ Àÿπâ √“¬„À≠à --------------------------------------- 152 Major Shareholders ∫√‘…∑— ¬àÕ¬ ----------------------------------------------- 154 Subsidiaries

∫‘Í°´’ √â“ß √√§å™ÿ¡™π----------------------------------- 60 Big C in the Community

√“¬ß“πª√–®”ªï 2549

Annual Report 2006

¢ÕµâÕπ√—∫ Ÿà∫‘Í°´’ Welcome to Big C

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥(¡À“™π) (™◊ËÕ¬àÕ„π°“√´◊ÈÕ¢“¬À≈—°∑√—æ¬åœ: BIGC)°àÕµ—Èß¢÷Èπ‡¡◊ËÕ ªï 2536 ‡ªìπºŸâ¥”‡π‘π∏ÿ√°‘®§â“ª≈’° ¡—¬„À¡à„π√Ÿª·∫∫ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å™—Èππ”¢Õß‰∑¬‚¥¬„™â™◊ËÕ ç∫‘Í°´’ ´Ÿ‡ªÕ√å ‡´Áπ‡µÕ√åé ´÷Ëß®—¥®”Àπà“¬ ‘π§â“Õÿª‚¿§·≈–∫√‘‚¿§∑’ËÀ≈“° À≈“¬„π√“§“ ¡‡Àµÿ ¡º≈ ¿“¬„µâ ‚≈·°π ç‡√“„Àâ§ÿ≥ ¡“°°«à“§”«à“∂Ÿ°é ‡æ◊ËÕ √â“ß§«“¡æ÷ßæÕ„®·°àºŸâ∫√‘‚¿§¥â«¬ °“√®”Àπà“¬ ‘π§â“„π√“§“¬àÕ¡‡¬“ ¡’§ÿ≥¿“æ ¡’§«“¡À≈“° À≈“¬ ·≈–°“√„Àâ∫√‘°“√∑’Ë‚¥¥‡¥àπµ≈Õ¥®π∫√√¬“°“»·≈– °“√µ°·µàß∑’ËÕ”π«¬§«“¡ –¥«°·°à≈Ÿ°§â“„π°“√´◊ÈÕ ‘π§â“ ªí®®ÿ∫—π ∫√‘…—∑œ ¡’æπ—°ß“π°«à“ 14,000 §π·≈– ¡’ “¢“∑’Ë‡ªî¥„Àâ∫√‘°“√®”π«π∑—Èß ‘Èπ49 “¢“§√Õ∫§≈ÿ¡∑—Ë« ª√–‡∑» ·∫àß‡ªìπ “¢“„π‡¢µ°√ÿß‡∑æœ ·≈–ª√‘¡≥±≈ ®”π«π 25 “¢“ ·≈– “¢“„πµà“ß®—ßÀ«—¥ ®”π«π 24 “¢“ ∑—Èßπ’È ∫√‘…—∑œ‡ªìπÕß§å°√∏ÿ√°‘®∑’Ë‡ªìπæ≈‡¡◊Õß¥’¢Õßª√–‡∑»¡ÿà ß ¡—Ë π „π°“√ √â“ß √√§å§≥ ÿ ª√–‚¬™πå·°à≈°Ÿ §â“ æπ—°ß“π ºŸ∂â Õ◊ Àÿπâ ·≈– —ß§¡‰∑¬ ‡æ◊ËÕ∫√√≈ÿ‡ªÑ“À¡“¬¥—ß°≈à“« ∫√‘…—∑œ‚¥¬¡Ÿ≈π‘∏‘ ∫‘Í ° ´’ æ √â Õ ¡„Àâ ° “√ π— ∫ πÿ π °‘ ® °√√¡¢Õß™ÿ ¡ ™πµ≈Õ¥®π °‘®°√√¡ “∏“√≥°ÿ»≈µà“ßÊ „πæ◊Èπ∑’Ë∑’Ë∫‘Í°´’‡¢â“‰ªª√–°Õ∫ ∏ÿ√°‘®Õ¬à“ßµàÕ‡π◊ËÕß

Founded in 1993, Big C Supercenter PLC (BIGC) is one of Thailandûs leading consumer retail operators. Under the name of Big C Supercenter, the company offers a wide variety of goods in modern retail outlets at very competitive prices. Operating under the concept of çMore Than Just Low Prices,é Big C is committed to delivering maximum value to our customers through a combination of low prices, wide selection, clean and efficient shopping environments and outstanding service. Big C employs over 14,000 staff from all regions of the country. We operate 49 Supercenters nationwide, with 25 located in the greater Bangkok Metropolitan area and 24 in provinces across Thailand. One of the companyûs central tenets is to be a good corporate citizen that contributes to society while we benefit our customers, employees and shareholders. To meet this goal, Big C supports a range of community and charitable activities in the areas where we operate as well as through the Big C Foundation.

µ—«™’È«—¥º≈ª√–°Õ∫°“√¢Õß∫√‘…—∑œ ª√–®”ªï 2549 Key Indicators for 2006 Performance (Àπà«¬ : æ—π∫“∑)

∞“π–∑“ß°“√‡ß‘π ‘π∑√—æ¬å√«¡ Àπ’È ‘π√«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ √“¬‰¥â√«¡ °”‰√ ÿ∑∏‘

2548 28,896,719 15,168,571 13,728,148 59,578,094 1,882,774

2549 32 70 3.2 15 7.2 2.7 18.1

2548 33 72 3.2 14.2 6.7 2.3 17.1

(unit:Thousand Baht)

Total Assets Total Liabilities Total Equity Total Revenues Net income Financial Ratio Average inventory days Average account payable days Net profit margin Return on equity Return on asset Earning per share Net book value per share

2006 29,956,178 15,453,472 14,502,706 65,700,136 2,123,624

2005 28,896,719 15,168,571 13,728,148 59,578,094 1,882,774

2006 32 70 3.2 15 7.2 2.7 18.1

2005 33 72 3.2 14.2 6.7 2.3 17.1

Õ—µ√“ à«π∑“ß°“√‡ß‘π √–¬–‡«≈“¢“¬ ‘π§â“‡©≈’Ë¬ √–¬–‡«≈“™”√–Àπ’È‡©≈’Ë¬ Õ—µ√“°”‰√ ÿ∑∏‘ Õ—µ√“µÕ∫·∑πºŸâ∂◊ÕÀÿâπ Õ—µ√“º≈µÕ∫·∑π®“° ‘π∑√—æ¬å °”‰√µàÕÀÿâπ ¡Ÿ≈§à“Àÿπâ µ“¡∫—≠™’

2549 29,956,178 15,453,472 14,502,706 65,700,136 2,123,624

“√®“°ª√–∏“π°√√¡°“√ Message from the Chairman

ªï 2549 ‡ªì π Õ’ ° ªï À π÷Ë ß ∑’Ë ∑â “ ∑“¬ ”À√— ∫ ∫√‘ …— ∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å®”°—¥ (¡À“™π) „π ¿“«–°“√·¢àß¢—π ∑’Ë√ÿπ·√ß ‡»√…∞°‘®™–≈Õµ—« µ≈Õ¥ ∂“π°“√≥å∑“ß°“√‡¡◊Õß ¡’§«“¡√–¡—¥√–«—ß¬‘Ëß¢÷Èπ„π°“√®—∫®à“¬„™â Õ¬ ·µà∫‘Í°´’°Á ª√– ∫§«“¡ ”‡√Á®·≈–‡µ‘∫‚µÕ¬à“ß¡—Ëπ§ß ‚¥¬‰¥â√—∫°“√ ¬Õ¡√—∫∑—Èß„π∞“π–Õß§å°√∏ÿ√°‘®∑’Ë‡ªìπæ≈‡¡◊Õß¥’¢Õßª√–‡∑» ‰∑¬ ∑’Ë¡’§«“¡¡ÿàß¡—Ëπ √â“ß √√§å —ß§¡ °“√‡ªìπÀâ“ß§â“ª≈’°∑’Ë ¡’™◊ËÕ‡ ’¬ß ·≈–‡ªìπºŸâπ”¥â“π√“§“ ∂÷ß·¡â®–µâÕß‡º™‘≠°—∫§«“¡∑â“∑“¬¥—ß°≈à“«¢â“ßµâπ ·µà∫‘Í°´’°Á¬—ß§ß¡’º≈ª√–°Õ∫°“√‡ªìπ‰ªµ“¡‡ªÑ“À¡“¬ ‚¥¬¡’ ¬Õ¥¢“¬√«¡ 58,032.8 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ 9.1% ®“° 53,194.5 ≈â “ π∫“∑„πªï 2548 à ß º≈„Àâ ¡’ °”‰√ ÿ ∑ ∏‘ 2,123.6 ≈â“π∫“∑ À√◊Õ‡æ‘¡Ë ¢÷πÈ 12.8 % ®“° 1,882.8 ≈â“π ∫“∑ „πªï 2548 ´÷Ëß‡ªìπº≈®“°°“√¥”‡π‘π°≈¬ÿ∑∏å∑“ß°“√ µ≈“¥‡æ◊ËÕ√Õß√—∫§«“¡µâÕß°“√¢ÕßºŸâ∫√‘‚¿§ ‚¥¬‡©æ“– °≈¬ÿ ∑ ∏å „ π°“√‡ªì π ºŸâ π”¥â “ π√“§“∑’Ë Õ¥§≈â Õ ß°— ∫ ¿“«– ‡»√…∞°‘®™–≈Õµ—« ¿“¬„µâ°“√∫√‘À“√ß“πÕ¬à“ß¡◊ÕÕ“™’æ °“√§«∫§ÿ¡§à“„™â®à“¬Õ¬à“ß¡’ª√– ‘∑∏‘¿“æ °“√ª√—∫ª√ÿß √–∫∫°“√¢π àß ‘π§â“ ·≈–°“√æ—≤π“∞“π¢âÕ¡Ÿ≈·≈–√–∫∫‰Õ∑’ ´÷Ëß™à«¬ √â“ß¬Õ¥¢“¬·≈–√“¬‰¥â„Àâ‡æ‘Ë¡¢÷ÈπÕ¬à“ßµàÕ‡π◊ËÕß ªí®®ÿ∫—π∫‘Í°´’¡’ “¢“∑—Ë«ª√–‡∑»√«¡ 49 “¢“ ‚¥¬ µ—ÈßÕ¬Ÿà„π‡¢µ°√ÿß‡∑æœ ·≈–ª√‘¡≥±≈ ®”π«π 25 “¢“ ·≈– µà“ß®—ßÀ«—¥ ®”π«π 24 “¢“ ”À√—∫·ºπ°“√¥”‡π‘πß“π„π ªï 2550 ∫‘Í°´’¡’·ºπ≈ß∑ÿπ¢¬“¬ “¢“„À¡à 4 ·Ààß ·≈– ª√—∫ª√ÿß “¢“ªí®®ÿ∫—π 6 “¢“ ‡æ◊ËÕ‡æ‘Ë¡¢’¥§«“¡ “¡“√∂„π °“√„Àâ∫√‘°“√¢Õß∫‘Í°´’·°à≈Ÿ°§â“Õ¬à“ß∑—Ë«∂÷ß·≈–§√Õ∫§≈ÿ¡∑—Ë« ª√–‡∑»¡“°¬‘ßË ¢÷πÈ ·≈–∑’ Ë ”§—≠ ∫‘°Í ´’¬ß— §ß¬÷¥¡—πË „π·π«§‘¥ ç∫‘Í°´’Õ¬Ÿà§Ÿà™ÿ¡™πé ¡’π‚¬∫“¬ àß‡ √‘¡·≈– π—∫ πÿπ™ÿ¡™π ‡æ◊ËÕ √â“ß§«“¡‡®√‘≠„Àâ°—∫∑âÕß∂‘ËπÕ¬à“ßµàÕ‡π◊ËÕß ∑—Èßπ‚¬∫“¬ §◊π¿“…’ Ÿà∑âÕß∂‘Ëπ„π∑ÿ° “¢“∑’Ë‡ªî¥„Àâ∫√‘°“√‡æ◊ËÕÀπà«¬ß“π ¢Õß√—∞„π∑âÕß∂‘Ëπ®–‰¥âπ”‰ªæ—≤π“∑âÕß∂‘Ëπ¢Õßµπ °“√®â“ß §π∑âÕß∂‘Ëπ‡ªìπæπ—°ß“π ·≈–°“√ π—∫ πÿπ°“√®—¥°‘®°√√¡ √–¥—∫®—ßÀ«—¥·≈–™ÿ¡™π„π∑âÕß∂‘Ëπ

2006 was a challenging year for Big C Supercenter PLC, given the increasingly intense competitive environment, economic slowdown and political uncertainty that reduced both consumer confidence and spending. In spite of these adverse factors, Big C still managed to achieve solid financial growth and operational expansion. The Company continued to practice good corporate citizenship by way of social contributions, maintaining high-quality stores and products and low-price leadership. In spite of the challenges outlined above, Big C successfully achieved its 2006 performance targets. Sales were 58.03 billion baht, 9.1% up from 53.19 billion baht in 2005. Net earnings grew 12.8% to 2.12 billion baht from 1.88 billion baht in 2005. This performance is attributable to effective implementation of our marketing strategy that responded to consumer expectations, especiall your value-based pricing strategy that suited the economic conditions. Our strong performance was also due to the professionalism of our management team, efficient cost control, logistics development and IT & database upgrades. Currently, Big C operates 49stores nationwide comprising 25 stores in Greater Bangkok area and 24 in the provinces. Our 2007 business plan focuses on opening 4 new stores and renovating 6 existing stores to further enhance our nationwide network of stores. In pursuance of its mission to çstand side by side with the communityé, Big C remains committed to promoting and supporting the growth and prosperity of the local communities by making tax payments to

(π“¬ ÿ∑∏‘™“µ‘ ®‘√“∏‘«—≤πå) ª√–∏“π°√√¡°“√

all local communities in which we operate our stores, hiring local employees and supporting provincial and community-based activities. Big C also supports social activities of the Big C Foundation, with a special emphasis on providing education for needy children. Activities include construction of school buildings, providing scholarships to students and donations of encyclopedias from the Thai Junior Encyclopedia Project by Royal Command of H.M. the King to schools in the areas where Big C operates its stores. In 2007, the Big C Foundation will launch Thai Childrenûs Reading Project, aiming to encourage children to appreciate the importance of reading, with activities to be organized during 2007 to celebrate His Majestyûs 80th Birthday Anniversary. Throughout its 13 years in business, Big C has achieved steady financial growth and continuous expansion. We look forward to continuing this positive trend in the years ahead for the benefit of shareholders, employees, and the community at large. On this occasion, I would like to sincerely thank the Board of Directors, the management team, all employees, and our valued customers for their strong support. As a leading modern retailer, Big C is committed to placing a premium on offering services that meet the diverse needs of consumers while also creating benefits to the Thai economy and society.

Mr. Suthichart Chirathivat Chairman

πÕ°®“°π’È ¬—ß¡’°“√¥”‡π‘ππ‚¬∫“¬‡æ◊ËÕ —ß§¡ºà“π ç¡Ÿ≈π‘∏‘∫‘Í°´’é ‚¥¬¡’«—µ∂ÿª√– ß§åÀ≈—°‡æ◊ËÕ™à«¬‡À≈◊Õ‡¬“«™π ºŸ¥â Õâ ¬‚Õ°“ ¥â“π°“√»÷°…“ Õ“∑‘ °“√®—¥ √â“ßÕ“§“√‡√’¬π °“√ ¡Õ∫∑ÿπ°“√»÷°…“·°àπ°— ‡√’¬π µ≈Õ¥®π°“√¡Õ∫ “√“πÿ°√‰∑¬ ”À√— ∫ ‡¬“«™π‚¥¬æ√–√“™ª√– ß§å „ πæ√–∫“∑ ¡‡¥Á ® æ√–‡®â“Õ¬ŸàÀ—«œ „Àâ°—∫‚√ß‡√’¬π„πæ◊Èπ∑’Ë∑’Ë∫‘Í°´’‰ª‡ªî¥ “¢“ ·≈–„πªï 2550 π’È ¡Ÿ≈π‘∏‘œ ®–®—¥∑”‚§√ß°“√ ç‡¥Á°‰∑¬ ¢¬—π Õà“πé ‡æ◊ÕË àß‡ √‘¡„Àâ‡¬“«™π‰∑¬‡ÀÁπ§«“¡ ”§—≠¢Õß°“√Õà“π ·≈–∂«“¬°‘®°√√¡π’È‡ªìπæ√–√“™°ÿ»≈‡π◊ËÕß„π«“√–∑’Ëæ√–∫“∑ ¡‡¥Á®æ√–‡®â“Õ¬ŸàÀ—«œ ∑√ß‡®√‘≠æ√–™π¡æ√√…“§√∫ 80 æ√√…“ ªí®®ÿ∫—π∫‘Í°´’¥”‡π‘π°‘®°“√¡“§√∫13 ªï ∫π√“°∞“π Õ— π ·¢Á ß ·°√à ß ·≈–æ√â Õ ¡∑’Ë ® –‡µ‘ ∫ ‚µµà Õ ‰ª¢â “ ßÀπâ “ Õ¬à “ ß ‰¡àÀ¬ÿ¥¬—Èß º¡¢Õ¢Õ∫§ÿ≥ºŸâ∂◊ÕÀÿâπ §≥–°√√¡°“√∫√‘…—∑œ §≥–ºŸâ∫√‘À“√ µ≈Õ¥®πæπ—°ß“π·≈–≈Ÿ°§â“¢Õß∫‘Í°´’∑’Ë‰¥â „Àâ°“√ π—∫ πÿπ¥â«¬¥’‡ ¡Õ¡“ ´÷Ëß„π∞“π–ºŸâ¥”‡π‘π∏ÿ√°‘® §â“ª≈’° ¡—¬„À¡à„π√Ÿª·∫∫´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ∫‘Í°´’®–¡ÿàß¡—Ëπ„Àâ §«“¡ ”§—≠µàÕ°“√„Àâ∫√‘°“√∑’Ë‡ªìπ‡≈‘» ‡æ◊ËÕµÕ∫ πÕß§«“¡ µâÕß°“√Õ—πÀ≈“°À≈“¬¢ÕßºŸâ∫√‘‚¿§ µ≈Õ¥®π √â“ß √√§å ª√–‚¬™πå·°à‡»√…∞°‘®·≈– —ß§¡‰∑¬µàÕ‰ª

§«“¡‡§≈◊ËÕπ‰À«∑’Ë ”§—≠„πªï 2549 ¡°√“§¡: ∫‘Í°´’®—¥°‘®°√√¡ àß‡ √‘¡°“√¢“¬√“¬°“√ ç©≈Õßµ√ÿ… ÿ¥ πÿ° ≈ÿâπ‡∑’Ë¬«ø√’ ŒàÕß°ß ¥‘ π’¬å·≈π¥åé √—∫‡∑»°“≈µ√ÿ…®’π

°ÿ¡¿“æ—π∏å:∫‘Í°´’‡ªî¥µ—«·§¡‡ª≠ ç√âÕππ’È ≈ÿâπ... ∫‘πø√’ °—∫∫‘Í°´’é ¢÷Èπ ‡æ◊ËÕ°√–µÿâπ¬Õ¥¢“¬„π™à«ßƒ¥Ÿ√âÕπ

°ÿ¡¿“æ—π∏å: ∫‘Í°´’√à«¡¡◊Õ°—∫°≈ÿà¡æ—π∏¡‘µ√ 11 ª√–‡∑» àßÕÕ° ‘π§â“‰∑¬‰ª¬—ßµ≈“¥µà“ßª√–‡∑» √«¡¡Ÿ≈§à“ ª√–¡“≥ 600 ≈â“π∫“∑

January: Big C organizes çFree Trip to Hong Kong Disneylandé campaign to welcome Chinese New Year

February: Big C launches çFree Flights for Summer Getawayé campaign to help drive growth

February: Big C joins with partners in 11 countries to export Thai products worth 600 million baht

¡’π“§¡: ∫‘Í°´’‡ªî¥µ—«´—¡‡¡Õ√å§Õ≈‡≈Á§™—Ëπ‡ ◊ÈÕºâ“ ‡Œâ“ å·∫√π¥å Only @ Big C

‡¡…“¬π: ∫‘Í°´’®—¥∑”√“¬°“√ àß‡ √‘¡°“√¢“¬√Ÿª·∫∫ „À¡à ç™âÕª‚∑√ø√’é ‚¥¬°“√¡Õ∫ ‘∑∏‘ª√–‚¬™πå√—∫ §à“‚∑√ø√’ºà“π¡◊Õ∂◊Õ√–∫∫‡µ‘¡‡ß‘π ”À√—∫≈Ÿ°§â“∫‘Í°´’

‡¡…“¬π: ∫‘Í°´’·≈–°√–∑√«ßæ“≥‘™¬å ®—¥ß“π ç∏ßøÑ“ √“§“ª√–À¬—¥ ∫‘Í°´’ ·∫Á§∑Ÿ °Ÿ≈é §—¥ √√ ‘π§â“ª√–‡¿∑ ™ÿ¥π—°‡√’¬π·≈– ‘π§â“∑’Ë‡°’Ë¬«¢âÕß°—∫°“√‡ªî¥¿“§‡√’¬π ¡“®”Àπà“¬„π√“§“æ‘‡»…

March: Big C launches çOnly @ Big Cé summer collection of house brand apparel

April: Big C launches çShop and Call Freeé program to help customers save on prepaid mobile phone costs

April: Big C and Ministry of Commerce launch Blue Flag Back to School program to offer extra savings on school supplies and clothing

æƒ…¿“§¡: ∫‘Í°´’‡ªî¥µ—«·§¡‡ª≠ ç™âÕª·≈â«§‘°é ¥â«¬ß∫ °“√µ≈“¥ 30 ≈â“π∫“∑ ‡æ◊ËÕ„Àâ≈Ÿ°§â“∑’Ë‡ªìπ§Õ∫Õ≈ ∑ÿ°‡æ»∑ÿ°«—¬ ‰¥â¡’‚Õ°“ √à«¡°‘®°√√¡∑’Ë πÿ° π“π „π™à«ß‡∑»°“≈øÿµ∫Õ≈‚≈° 2006

æƒ…¿“§¡: ∫‘Í°´’‡ªî¥ “¢“·æ√à

¡‘∂ÿπ“¬π: ∫‘Í°´’‡ªî¥ “¢“√“™∫ÿ√’

May: Big C invests 30 million baht in çShop and Kické campaign to celebrate World Cup 2006 fever

May: Big C opens Phrae store

June: Big C opens Ratchaburi store

2006 Business Highlights ¡‘∂ÿπ“¬π: ∫‘Í°´’®—¥°‘®°√√¡©≈Õß§√∫√Õ∫ 13 ªï °“√¥”‡π‘π∏ÿ√°‘®„π‡¡◊Õß‰∑¬ ‚¥¬®—¥ß∫ª√–¡“≥ 100 ≈â“π∫“∑„π°“√∑”°‘®°√√¡°“√µ≈“¥‡æ◊ËÕ· ¥ß§«“¡ ¢Õ∫§ÿ≥µàÕ≈Ÿ°§â“ ∑’Ë„Àâ§«“¡‰«â«“ß„®„π°“√‡¢â“¡“´◊ÈÕ ‘π§â“∑’∫Ë °‘Í ´’

°√°Ø“§¡: °√–∑√«ß‡°…µ√·≈– À°√≥å¡Õ∫ªÑ“¬ ·À≈àß®”Àπà“¬ ‘π§â“ Q ‡æ◊ËÕ√—∫√Õß§ÿ≥¿“æ¢Õß ‘π§â“ ‡°…µ√·≈–Õ“À“√∑’Ë®”Àπà“¬∑’Ë∫‘Í°´’

‘ßÀ“§¡: ∫‘Í°´’≈ßπ“¡„π∫—π∑÷°¢âÕµ°≈ß§«“¡√à«¡¡◊Õ ‚§√ß°“√≈¥§à“§√Õß™’æºŸâª√–°—πµπ¥â“πÕÿª‚¿§∫√‘‚¿§ °—∫ ”π—°ß“πª√–°—π —ß§¡ °√–∑√«ß·√ßß“π ‡æ◊ËÕ≈¥ §à“§√Õß™’æ¢ÕßºŸâª√–°—πµπ

¡’π“§¡: ∫‘Í°´’‡ªî¥µ—«´—¡‡¡Õ√å§Õ≈‡≈Á§™—Ëπ ‡ ◊ÈÕºâ“‡Œâ“ å·∫√π¥å Only @ Big C March: Big C launches çOnly @ Big Cé summer collection of house brand apparel

June: Big C celebrates 13th anniversary by investing 100 million baht in marketing activities to thank customers

July: Ministry of Agriculture and Cooperatives grants Big C çQ-Marké certification for quality assurance of agricultural and food products

August: Big C signs MOU with Social Security Office to help lower cost of living for Thai workers

°—π¬“¬π: ∫‘Í°´’‰¥â√—∫√“ß«—≈ Tax Man of The Year 2006 „π∞“π–∫√‘…—∑¥’‡¥àπª√–‡¿∑∏ÿ√°‘®§â“ àß-ª≈’°„π ª√–‡∑»‰∑¬ ®“° ∂“∫—π Tax Research ·≈–π‘µ¬ “√ Tax & Business Magazing

°—π¬“¬π: ∫‘Í°´’®—¥°‘®°√√¡ àß‡ √‘¡°“√¢“¬ ç™âÕª·À≈°...·®°∫â“πé ™‘ß√“ß«—≈„À≠à∫â“π‡¥’Ë¬« ÿ¥À√Ÿ

µÿ≈“§¡: ∫‘Í°´’‡ªî¥µ—«§Õ≈‡≈Á§™—Ëπƒ¥ŸÀπ“« ‡ ◊ÈÕºâ“‡Œâ“ å·∫√π¥å Only @ Big C

September: Big C receives çTax Man of September: Big C launches çShop Laek the Year 2006é award from the Tax Jaek Baané campaign with the grand prize Research Center Institute of a luxury house and Tax & Business Magazine as the best wholesale and resale operator in Thailand

October : Big C launches çOnly @ Big C çwinter collection of house brand apparel

µÿ≈“§¡: ∫‘Í°´’‡ªî¥ “¢“≈”≈Ÿ°°“

æƒ»®‘°“¬π: ∫‘Í°´’®—¥·§¡‡ª≠ çæ≈—ß·Ààß·√ßÕ∏‘…∞“π ∫—π¥“≈‰¥â∑’Ë∫‘Í°´’é µâÕπ√—∫‡∑»°“≈ªï„À¡à

∏—π«“§¡: ∫‘Í°´’‡ªî¥ “¢“ª√“®’π∫ÿ√’

October : Big C Opens store Lam Lukka

November: Big C launches çGet your wish at Big Cé Promotional campaign

December: Big C opens Prachinburi store

°“√®—¥°“√ Management

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ª√–°Õ∫°‘®°“√„πª√–‡∑»‰∑¬‚¥¬¥”‡π‘π∏ÿ√°‘®„π√Ÿª·∫∫ ¢Õß ç‰Œ‡ªÕ√å¡“√å‡°Áµé À√◊Õ ç´Ÿ‡ªÕ√å‡´Áπ‡µÕ√åé ´÷Ëß‡ªìπ ∏ÿ√°‘®§â“ª≈’° ¡—¬„À¡à¿“¬„µâ™◊ËÕç∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√åé ªí®®ÿ∫—π∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ¿“¬„µâ°“√∫√‘À“√ß“π‚¥¬ ∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π)·≈–∫√‘…—∑ ¬àÕ¬¡’ “¢“∑’Ë‡ªî¥„Àâ∫√‘°“√·≈â«®”π«π∑—Èß ‘Èπ 49 “¢“ ·∫àß‡ªìπ “¢“„π‡¢µ°√ÿß‡∑æ·≈–ª√‘¡≥±≈®”π«π 25 “¢“ ·≈– “¢“µà“ß®—ßÀ«—¥®”π«π 24 “¢“ ∫√‘…—∑œ ¡’∑ÿπ®¥∑–‡∫’¬π 8,250 ≈â“π∫“∑ ‡ªìπ∑ÿπ ‡√’¬°™”√–·≈â« 8,013 ≈â“π∫“∑ ‚¥¬‡ªìπÀÿâπ “¡—≠ ∑—ÈßÀ¡¥¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑ ºŸâ∂◊ÕÀÿâπ√“¬„À≠à¢Õß∫√‘…—∑œ §◊Õ Geant International B.V ´÷Ëß‡ªìπ∫√‘…—∑„π°≈ÿà¡∫√‘…—∑ §“ ‘‚π ‡ªìπºŸªâ √–°Õ∫°“√§â“ª≈’°∑’¡Ë ™’ Õ◊Ë ‡ ’¬ß„π√–¥—∫ “°≈ µ—ÈßÕ¬Ÿà„πª√–‡∑»Ω√—Ëß‡» ‚¥¬¡’°“√≈ß∑ÿπ„π∏ÿ√°‘®§â“ª≈’°„π ª√–‡∑»µà“ßÊ ∑—Ë«‚≈°

1. General Information Big C Supercenter Public Company Limited operates in Thailand by doing business in the form of a çHypermarketé or çSupercenter,é which is a modern retail business under the name of Big C Supercenter. At present, Big C is managed under the roof of Big C Supercenter Public Company Limited and has a total of 49 branches, divided into 25 branches in Bangkok and vicinity and 24 branches in Thailandûs provinces. The company has registered capital of 8,250 million baht, with paid-up shares of 8,013 million baht. All shares are ordinary type with the par value at 10 baht. The major shareholder is Geant International B. V which is a company in the Casino Group. The Casino Group is a well-known retailer at the international level based in France, and has investments in retail businesses in many countries around the world.

2. ‚§√ß √â“ß°“√®—¥°“√ ‚§√ß √â“ß°“√∫√‘À“√®—¥°“√¢Õß∫√‘…—∑œ ª√–°Õ∫ ¥â«¬§≥–°√√¡°“√ 3 ™ÿ¥ ª√–°Õ∫¥â«¬ §≥–°√√¡°“√ ∫√‘…—∑œ,§≥–°√√¡°“√µ√«® Õ∫ ·≈– §≥–°√√¡°“√ ∫√‘À“√ ¥—ß¡’√“¬≈–‡Õ’¬¥ ¥—ßµàÕ‰ªπ’È

2. Management Structure The Companyûs management structure is comprised of three management groups accompanying with the Companyûs Board of Directors, the Audit Committee and the Management as follows;

2.1 §≥–°√√¡°“√∫√‘…—∑œ §≥–°√√¡°“√∫√‘…—∑œ ª√–°Õ∫¥â«¬°√√¡°“√µ“¡ Àπ—ß ◊Õ√—∫√Õß°√–∑√«ßæ“≥‘™¬å ®”π«π 13 ∑à“π ·≈– ‡≈¢“πÿ°“√ ®”π«π 1 ∑à“π ¥—ßπ’È

2.1 The Companyûs Board of Directors The Companyûs Board of Directors includes 13 directors and one secretary in accordance with The Company Certification at the Ministry of Commerce. These include:

1. ¢âÕ¡Ÿ≈∑—Ë«‰ª

§≥–°√√¡°“√∫√‘…—∑œ 1. π“¬ ÿ∑∏‘™“µ‘ ®‘√“∏‘«—≤πå 2. π“¬∑» ®‘√“∏‘«—≤πå 3. π“¬ππ∑æ≈ π‘Ë¡ ¡∫ÿ≠ 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14.

ª√–∏“π°√√¡°“√ °√√¡°“√ °√√¡°“√ ·≈–ª√–∏“π °√√¡°“√µ√«® Õ∫ æ≈‡Õ°«‘π—¬ ¿—∑∑‘¬°ÿ≈ °√√¡°“√ ·≈– °√√¡°“√µ√«® Õ∫ ¥√.√Õßæ≈ ‡®√‘≠æ—π∏ÿå °√√¡°“√ ·≈– °√√¡°“√µ√«® Õ∫ π“¬Õ’ø ·∫√å°π“√å ‡∫√∫ÁÕß °√√¡°“√ π“¬®ÕÀåπ ‡´’¬π-´Ÿ ≈‘π °√√¡°“√ π“¬‡«’¬¥ Œß ‚¥ °√√¡°“√ π“¬‡∑’¬√’Ë ∫Ÿ‡™Õ√ß °√√¡°“√ π“¬¨Õß-¡‘‡™≈ ¥ŸÕ“‡¡≈ °√√¡°“√ π“¬´“«‘‡¬√å ¡‘‡™≈ ¡“√’ ¨“§ ‡¥‚™·∫√å °√√¡°“√ π“¬™“√å§ ‚¥¡‘π‘§ ‡Õ¡“π °√√¡°“√ π“¬¨Õß-∫—øµ‘ ‡Õ¡‘π °√√¡°“√ π“ß “«√”¿“ §”ÀÕ¡√◊Ëπ ‡≈¢“πÿ°“√∫√‘…—∑œ

The Companyûs Board of Directors 1. Mr. Suthichart Chirathivat Chairman of the Board 2. Mr. Tos Chirathivat Director 3. Mr. Nontaphon Nimsomboon Director and Chairman of the Audit Committee 4. General Winai Phattiyakul Director and Member of the Audit Committee 5. Dr. Rongphol CharoenphandhuDirector and Member of the Audit Committee 6. Mr. Yves Bernard Braibant Director 7. Mr. John Sian Zu-Lin Director 8. Mr. Viet Hung Do Director 9. Mr. Thierry Bourgeron Director 10. Mr. Jean-Michel Duhamel Director 11. Mr. Xavier Michel Marie Jacques DESJOBERT Director 12. Mr. Jacques Dominique Ehrmann Director 13. Mr. Jean-Baptiste EMIN Director 14. Miss Rumpa Kumhomreun Secretary

The directors who are authorized to sign on behalf of the Company are divided into two groups including Group 1 › Mr. Yves Bernard Braibant, Mr. Xavier Michel Marie Jacques DESJOBERT, Mr. Thierry Bourgeron and Mr. Jacques Dominique Ehrmann and Group 2 › Mr. Viet Hung Do, Mr. Tos Chirathivat and Mr. Suthichart Chirathivat. Any member of Group 1 is authorized to sign jointly with any member of Group 2, and affixed with the Companyûs seal. The powers and duties of the Companyûs Board of Directors

2.2 §≥–°√√¡°“√µ√«® Õ∫·≈–°√√¡°“√Õ‘ √– §≥–°√√¡°“√µ√«® Õ∫‰¥â √— ∫ °“√·µà ß µ—È ß „Àâ ¥”√ß µ”·Àπà ß «“√–∑’Ë 3 „π°“√ª√–™ÿ ¡ §≥–°√√¡°“√§√—È ß ∑’Ë 2/2549 ‡¡◊ËÕ«—π∑’Ë 16 °ÿ¡¿“æ—π∏å 2549 ‚¥¬∑’Ëª√–™ÿ¡

2.2 The Audit Committee and independent directors The term of office of the Audit Committee was extended by the Board of Directorûs meeting No.2/2006 on February 16, 2006 The Board of Directorûs meeting

1. To oversee the Companyûs business management and operations. 2. To supervise and perform the duties as stated by laws, objectives, and the code of conduct of the Company including the resolution of the shareholdersû meeting. 3. To determine the policies and direction for the Companyûs operation and to supervise the management to strictly perform as stated in the policies with most efficiency results in order to add the maximum economic value to the economy and the maximum benefits for the shareholders.

°√√¡°“√ºŸâ¡’Õ”π“®≈ßπ“¡·∑π∫√‘…—∑œ §◊Õ °√√¡°“√°≈ÿà¡∑’Ë1 §◊Õ π“¬Õ’ø ·∫√å°π“√å ‡∫√∫ÁÕß, π“¬´“«‘‡¬√å ¡‘‡™≈ ¡“√’ ¨“§ ‡¥‚™·∫√å, π“¬‡∑’¬√’Ë ∫Ÿ‡™Õ√ß, ·≈–π“¬™“√å§ ‚¥¡‘π‘§ ‡Õ¡“π °√√¡°“√°≈ÿà¡∑’Ë 2 §◊Õ π“¬ ‡«’¬¥ Œß ‚¥ π“¬∑» ®‘√“∏‘«≤ — πå ·≈–π“¬ ÿ∑∏‘™“µ‘ ®‘√“∏‘«≤ — πå °√√¡°“√°≈ÿà¡∑’Ë 1§π„¥§πÀπ÷Ë ß ≈ß≈“¬¡◊ Õ ™◊Ë Õ √à « ¡°— ∫ °√√¡°“√°≈ÿà ¡ ∑’Ë 2 §π„¥§πÀπ÷Ë ß √«¡‡ªì π Õß§π·≈– ª√–∑—∫µ√“ ”§—≠¢Õß∫√‘…—∑œ ¢Õ∫‡¢µ Àπâ“∑’Ë ·≈–§«“¡√—∫º‘¥™Õ∫¢Õß§≥– °√√¡°“√∫√‘…—∑œ 1. ¡’ Õ”π“®Àπâ “ ∑’Ë „ π°“√°”°— ∫ ¥Ÿ · ≈°“√∫√‘ À “√ ·≈– °‘®°“√ß“πµà“ßÊ ¢Õß∫√‘…—∑œ 2. §«∫§ÿ ¡ ¥Ÿ · ≈·≈–®— ¥ °“√„Àâ ° “√¥”‡π‘ π °“√¢Õß ∫√‘…∑— œ‡ªìπ‰ªµ“¡°ÆÀ¡“¬«—µ∂ÿª√– ß§å·≈–¢âÕ∫—ß§—∫ ¢Õß∫√‘…—∑œ µ≈Õ¥®π¡µ‘¢Õß∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ 3. °”Àπ¥π‚¬∫“¬·≈–∑‘ » ∑“ß°“√¥”‡π‘ π ß“π¢Õß ∫√‘…—∑œ·≈–°”°—∫§«∫§ÿ¡¥Ÿ·≈„ÀâΩÉ“¬®—¥°“√¥”‡π‘π °“√„Àâ ‡ ªì π ‰ªµ“¡π‚¬∫“¬∑’Ë °”Àπ¥‰«â Õ ¬à “ ß¡’ ª√– ‘∑∏‘¿“æ ·≈–ª√– ‘∑∏‘º≈‡æ◊ËÕ‡æ‘Ë¡¡Ÿ≈§à“∑“ß ‡»√…∞°‘® Ÿß ÿ¥„Àâ·°à°à ®‘ °“√ ·≈–º≈ª√–‚¬™πå ßŸ ÿ¥„Àâ ·°àºŸâ∂◊ÕÀÿâπ

§≥–°√√¡°“√¡’¡µ‘Õπÿ¡—µ‘·µàßµ—Èß°√√¡°“√µ√«® Õ∫·≈– °√√¡°“√Õ‘ √–®”π«π 3 ∑à“π §◊Õ

resolved to approve three directors of the Audit Committee and also independent directors including

§≥–°√√¡°“√µ√«® Õ∫·≈–°√√¡°“√Õ‘ √–

Names Positions 1. Mr. Nontaphon Nimsomboon Chairman of the Audit Committee and Independent Director 2. Gen.Winai Phattiyakul Member of the Audit Committee and Independent Director 3. Dr. Rongphol Charoenphandhu Member of the Audit Committee and Independent Director

1. π“¬ππ∑æ≈ π‘Ë¡ ¡∫ÿ≠ ª√–∏“π°√√¡°“√µ√«® Õ∫·≈–°√√¡°“√Õ‘ √– 2. æ≈‡Õ°«‘π—¬ ¿—∑∑‘¬°ÿ≈ °√√¡°“√µ√«® Õ∫ ·≈–°√√¡°“√Õ‘ √– 3. ¥√.√Õßæ≈ ‡®√‘≠æ—π∏ÿå °√√¡°“√µ√«® Õ∫ ·≈–°√√¡°“√Õ‘ √–

°√√¡°“√µ√«® Õ∫∑—Èß 3 ∑à“π¥”√ßµ”·Àπàß‡ªìπ °√√¡°“√Õ‘ √–¢Õß∫√‘…—∑œ ¥â«¬ ‚¥¬¡’À≈—°‡°≥±å„π°“√ §— ¥ ‡≈◊ Õ °·≈–°√–∫«π°“√ √√À“µ“¡À≈— ° ‡°≥±å ¢—È π µË” µ“¡∑’Ë ”π— ° ß“π§≥–°√√¡°“√°”°— ∫ À≈— ° ∑√— æ ¬å ·≈– µ≈“¥À≈—°∑√—æ¬å°”Àπ¥ ¢Õ∫‡¢µ Àπâ“∑’Ë·≈–§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√ µ√«® Õ∫ 1. Õ∫∑“π„Àâ ∫ √‘ …— ∑ œ¡’ ° “√√“¬ß“π∑“ß°“√‡ß‘ π Õ¬à“ß∂Ÿ°µâÕß·≈–‡æ’¬ßæÕ 2. Õ∫∑“π„Àâ ∫ √‘ …— ∑ œ¡’ √ –∫∫°“√§«∫§ÿ ¡ ¿“¬„π (Internal Control) ·≈–°“√µ√«® Õ∫¿“¬„π(Internal Audit) ∑’Ë‡À¡“– ¡·≈–¡’ª√– ‘∑∏‘º≈ 3. Õ∫∑“π„Àâ ∫ √‘ …— ∑ œªØ‘ ∫— µ‘ µ “¡°ÆÀ¡“¬«à “ ¥â « ¬ À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å ¢âÕ°”Àπ¥¢Õßµ≈“¥ À≈—°∑√—æ¬åÀ√◊Õ°ÆÀ¡“¬∑’‡Ë °’¬Ë «¢âÕß°—∫∏ÿ√°‘®¢Õß∫√‘…∑— œ 4. æ‘ ® “√≥“ §— ¥ ‡≈◊ Õ ° ·≈–‡ πÕ·µà ß µ—È ß ·≈–‡ πÕ§à “ µÕ∫·∑πºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑œ 5. æ‘®“√≥“°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈¢Õß∫√‘…—∑œ „π°√≥’∑’Ë‡°‘¥ √“¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ß°— π À√◊ Õ √“¬°“√∑’Ë Õ “®¡’ § «“¡ ¢—¥·¬âß∑“ßº≈ª√–‚¬™πå„Àâ¡§’ «“¡∂Ÿ°µâÕß·≈–§√∫∂â«π 6. ®— ¥ ∑”√“¬ß“π°“√°”°— ∫ ¥Ÿ · ≈°‘ ® °“√¢Õß§≥– °√√¡°“√°“√µ√«® Õ∫‚¥¬‡ªî ¥ ‡º¬‰«â „ π√“¬ß“π ª√–®”ªï¢Õß∫√‘…—∑œ ´÷Ëß√“¬ß“π¥—ß°≈à“«µâÕß≈ßπ“¡ ‚¥¬ª√–∏“π§≥–°√√¡°“√µ√«® Õ∫ 7. ªØ‘ ∫— µ‘ ° “√Õ◊Ë π „¥µ“¡∑’Ë § ≥–°√√¡°“√¢Õß∫√‘ …— ∑ œ ¡Õ∫À¡“¬¥â « ¬§«“¡‡ÀÁ π ™Õ∫®“°§≥–°√√¡°“√ µ√«® Õ∫

2.3 §≥–°√√¡°“√∫√‘À“√ „πªí®®ÿ∫—π§≥–°√√¡°“√∫√‘À“√ ´÷Ëß‡ªìπºŸâ∫√‘À“√¢Õß ∫√‘…—∑œ ª√–°Õ∫¥â«¬°√√¡°“√∫√‘À“√®”π«π 10 ∑à“π §◊Õ

The three members of the Audit Committee are the Companyûs independent directors where the criterion of selection process was in line with the minimum requirements determined by the Securities & Exchange Commission. The powers and duties of the Audit Committee 1. To check and ensure that the Companyûs financial statements has correct and adequate report 2. To check and ensure that the Company has appropriate and efficient internal control system and internal audit system 3. To check and ensure that the Company operates in conformity with the regulations of the Securities and Exchange Commission, the Stock Exchange of Thailand, and other related regulations 4. To review, select and propose the appointment and the remuneration of the Companyûs auditor 5. To consider that the disclosure of Companyûs information in the case of related transactions or any particulars that may result in any transactions with conflicts of interest has been correctly and completely reported 6. To prepare the report regarding the corporate governance supervision of the Audit Committee and disclose it in the Companyûs annual report and this must be signed by the Chairman of the Audit Committee 7. To perform any other tasks as assigned by the Companyûs Board of Directors, which must be approved by the Audit Committee 2.3 The Management Team Currently, the Management Team, which manages and oversees the Company, is comprised of 10 executives as follows;

The Management Team 1. Mr. Yves Bernard Braibant Chief Executive Officer and President 2. Mr. Frederic Borgoltz Executive Vice President, Operations 3. Miss Rumpa Kumhomreun CFO & Vice President, Accounting & Finance 4. Mr. Praphan Eamrungroj Senior Vice President, Properties 5. Mr. Thomas Mason Nielsen Senior Vice President, Human Resources 6. Mr. Emmanuel Couronne Vice President, Food Merchandise & Private Label 7. Miss Jariya Chirathivat Vice President, Marketing & Communications 8. Mr. Francois Alexandre Hidalgo Vice President, Supply Chain Management 9. Mr. Prawet Prungtangkij Vice President, MIS 10. Miss Wanwimol Siriwatwechakul Vice President, Business Development

¢Õ∫‡¢µÀπâ“∑’Ë ·≈–§«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√ ∫√‘À“√ §≥–°√√¡°“√∫√‘À“√¿“¬„µâ°“√π”¢Õßª√–∏“π‡®â“ Àπâ “ ∑’Ë ∫ √‘ À “√·≈–°√√¡°“√ºŸâ ®— ¥ °“√„À≠à ‡ ªì π ºŸâ ¡’ À πâ “ ∑’Ë ¥Ÿ·≈°‘®°“√∑—Ë«‰ª¢Õß∫√‘…—∑œ·≈–∫√‘À“√ß“π„Àâ‡ªìπ‰ªµ“¡ ‡ªÑ “ À¡“¬·≈–π‚¬∫“¬∑’Ë °”Àπ¥‰«â ¿“¬„µâ ° √Õ∫¢Õß °ÆÀ¡“¬∑’Ë‡°’Ë¬«¢âÕß ·≈–¢Õ∫‡¢µÕ”π“®∑’Ë§≥–°√√¡°“√ °”Àπ¥À√◊Õ®–‰¥â°”Àπ¥¢÷Èπ ‚¥¬®–‡ªìπºŸâ∫√‘À“√ Ÿß ÿ¥„π °“√ªØ‘∫—µ‘ß“πª√–®”∑—Èßπ’È‰¡à√«¡°“√¥”‡π‘πß“π∑’Ë‡°’Ë¬«°—∫ √“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π·≈–/À√◊Õ√“¬°“√‰¥â¡“À√◊Õ®”Àπà“¬ ‰ª´÷Ë ß ‘ π ∑√— æ ¬å ¢ Õß∫√‘ …— ∑ œµ“¡°Æ‡°≥±å ¢ Õßµ≈“¥ À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ Àπâ“∑’ËÀ≈—°¢Õßª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√·≈–°√√¡°“√ ºŸâ®—¥°“√„À≠à ¡’¥—ßπ’È 1. ‡ πÕ·ºπ°≈¬ÿ∑∏å¢Õß∫√‘…—∑œ µàÕ§≥–°√√¡°“√ ‡æ◊ËÕ „Àâ§«“¡‡ÀÁπ™Õ∫·≈–ªØ‘∫—µ‘µ“¡·ºπ∑’Ë§≥–°√√¡°“√ ‰¥â„Àâ§«“¡‡ÀÁπ™Õ∫·≈â« 2. ∫√‘À“√®—¥°“√∏ÿ√°‘®¢Õß∫√‘…—∑œ „Àâ‡ªìπ‰ªµ“¡·ºπ∑’Ë ‰¥â√—∫Õπÿ¡—µ‘‚¥¬§≥–°√√¡°“√ 3. ‡ªì π ºŸâ · ∑π¢Õß∫√‘ …— ∑ œ „π‡√◊Ë Õ ß∑’Ë ‡ °’Ë ¬ «°— ∫ ∫ÿ § §≈ ¿“¬πÕ°

The Powers and Duties of the Executives The Executives headed by the Chief Executive Officer and the President, are responsible for supervising the operation of the Company to be in accordance with the specified objectives and strategies under the frame of the related regulations and under the scope of power assigned or to be assigned by the Board of Directors. The executive directors are the highest-ranking management regarding the supervision of the daily operation excluding the related transactions and/or transactions relating to selling and buying of the Companyûs assets under the regulations of the Stock Exchange of Thailand. The primary duties of the Chief Executive Officer and the President are as follows: 1. To Propose the Companyûs strategic plans to the Board of Directors for approval and to implement the approved plan. 2. To manage the Companyûs business to meet with the strategic plan approved by the Board of Directors. 3. To represent the Company regarding outside matters.

§≥–°√√¡°“√∫√‘À“√ 1. π“¬Õ’ø ·∫√å°π“√å ‡∫√∫ÁÕß ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√·≈–°√√¡°“√ºŸâ®—¥°“√„À≠à 2. π“¬‡ø√‡¥√‘§ ∫Õ√å°Õ≈´å √Õßª√–∏“πºŸâ∫√‘À“√ΩÉ“¬ªØ‘∫—µ‘°“√ 3. π“ß “«√”¿“ §”ÀÕ¡√◊Ëπ √Õßª√–∏“πΩÉ“¬∫—≠™’·≈–°“√‡ß‘π 4. π“¬ª√–æ—π∏å ‡Õ’Ë¬¡√ÿàß‚√®π √Õßª√–∏“πÕ“«ÿ‚ ΩÉ“¬æ—≤π“∏ÿ√°‘®·≈–Õ —ßÀ“√‘¡∑√—æ¬å 5. π“¬‚∏¡— ·¡ —π π‘≈‡´àπ √Õßª√–∏“πÕ“«ÿ‚ ΩÉ“¬∑√—æ¬“°√¡πÿ…¬å 6. π“¬‡Õ¡“πŸ‡Õ≈ °Ÿ‚√π √Õßª√–∏“πΩÉ“¬®—¥´◊ÈÕÕ“À“√·≈–æ—≤π“º≈‘µ¿—≥±å 7. π“ß “«®√‘¬“ ®‘√“∏‘«—≤πå √Õßª√–∏“πΩÉ“¬°“√µ≈“¥·≈–°“√ ◊ËÕ “√ 8. π“¬ø√Õß´—« Õ‡≈Á°´Õß‡¥√Õ– Œ‘¥“≈‚°â √Õßª√–∏“πΩÉ“¬ Supply Chain Management 9. π“¬ª√–‡«∑¬å ª√ÿß·µàß°‘® √Õßª√–∏“πΩÉ“¬®—¥°“√√–∫∫¢âÕ¡Ÿ≈ 10. π“ß “««√√≥«‘¡≈ »‘√‘«—≤πå‡«™°ÿ≈ √Õßª√–∏“πΩÉ“¬æ—≤π“∏ÿ√°‘®

§à“µÕ∫·∑π°√√¡°“√∫√‘…∑— œ·≈–§≥–°√√¡°“√∫√‘À“√ ªí®®ÿ∫—π ∫√‘…—∑œ¬—ß‰¡à¡’§≥–°√√¡°“√æ‘®“√≥“§à“ µÕ∫·∑π ·µàπ‚¬∫“¬§à“µÕ∫·∑π°√√¡°“√‰¥â∂Ÿ°°”Àπ¥ ‰«âÕ¬à“ß™—¥‡®π·≈–‚ª√àß„ ‚¥¬¡µ‘∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ·≈â«‚¥¬ °”Àπ¥„Àâ §à “ µÕ∫·∑π¡’ Õ— µ √“Õ¬Ÿà „ π√–¥— ∫ ‡¥’ ¬ «°— ∫ Õ— µ √“¢ÕßÕÿ µ “À°√√¡ ·≈– Ÿ ß ‡æ’ ¬ ßæÕ∑’Ë ® –¥÷ ß ¥Ÿ ¥ ·≈– √—°…“°√√¡°“√∑’Ë¡’§ÿ≥ ¡∫—µ‘∑’ËµâÕß°“√‰«â‰¥â ∑—Èßπ’È §à“µÕ∫·∑π°√√¡°“√„πªï 2549 ‡ªìπ‰ªµ“¡ √“¬≈–‡Õ’¬¥∑’Ë√–∫ÿ‰«â„π¢âÕ 3.10

The Boards of Directors and Executiveûs Remuneration Currently, the Company does not have a Remuneration Committee. However, the remuneration policy has been determined clearly and transparently through the resolution at the shareholders meeting. Remuneration was defined to be on par with the industry rate standard and was high enough to entice and retain the directors and executives having qualifications as required. The 2006 remuneration was in accordance with the information as stated in Item 3.10

3. °“√°”°—∫¥Ÿ·≈°‘®°“√

3. Corporate Governance

3.1 π‚¬∫“¬‡°’Ë¬«°—∫°“√°”°—∫¥Ÿ·≈ ∫√‘…—∑œµ√–Àπ—°∂÷ß§«“¡ ”§—≠¢Õß°“√°”°—∫¥Ÿ·≈ °‘®°“√∑’Ë¥’ ´÷Ëß‡ªìπªí®®—¬À≈—°„π°“√‡ √‘¡ √â“ß„ÀâÕß§å°√¡’ ‚§√ß √â“ß·≈–°√–∫«π°“√∫√‘À“√ß“π·≈–°“√¥”‡π‘π°“√ ∑’Ë¡’ª√– ‘∑∏‘¿“æ ™—¥‡®π ·≈–‚ª√àß„ ‡æ◊ËÕπ”‰ª Ÿà§«“¡πà“ ‡™◊ËÕ∂◊Õ ·≈–°“√‡µ‘∫‚µÕ¬à“ß¬—Ëß¬◊π ·≈–‡æ‘Ë¡§«“¡‡™◊ËÕ¡—Ëπ„Àâ ·°àºŸâ∂◊ÕÀÿâπ ºŸâ≈ß∑ÿπ ·≈–ºŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°ΩÉ“¬„Àâ‰¥â√—∫ ª√–‚¬™πå Ÿß ÿ¥ §≥–°√√¡°“√∫√‘…—∑œ ®÷ß‰¥âÕπÿ¡—µ‘Õ¬à“ß ‡ªìπ∑“ß°“√µ—Èß·µà‡¥◊Õπ∏—π«“§¡ 2549 „Àâ·µàßµ—Èß ç§≥– °√√¡°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’é ‚¥¬¡Õ∫À¡“¬„Àâª√–∏“π °√√¡°“√∫√‘…—∑‡ªìπºŸâ√—∫º‘¥™Õ∫¥”‡π‘π°“√‡æ◊ËÕ°”Àπ¥ π‚¬∫“¬°“√°”°—∫¥Ÿ·≈°‘®°“√ ·≈–√–‡∫’¬∫«à“¥â«¬®√√¬“∫√√≥ ¢Õß§≥–°√√¡°“√∫√‘À“√·≈–æπ—°ß“π„π∑ÿ°√–¥—∫ ·≈â« √“¬ß“πµàÕ§≥–°√√¡°“√∫√‘…—∑œ ‡ªìπ√–¬– ‡æ◊ËÕµ‘¥µ“¡ °“√°”°—∫¥Ÿ·≈ ª√–‡¡‘πº≈ ·≈–ª√—∫ª√ÿß°“√¥”‡π‘πß“π„Àâ ∫√√≈ÿµ“¡π‚¬∫“¬ °“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë°”Àπ¥‰«â √«¡ ∂÷ß°“√‡ πÕ·π–·π«∑“ß∑’Ë¥’‡æ◊ËÕ„Àâ√—∫§«“¡‡ÀÁπ™Õ∫®“° §≥–°√√¡°“√∫√‘…—∑œ ·≈–π”¡“ªØ‘∫—µ‘„Àâ‡ªìπ√Ÿª∏√√¡ Õ¬à“ßµàÕ‡π◊ËÕß·≈–®√‘ß®—ßµàÕ‰ª

3.1 The Corporate Governance Policy The Company realized that it is necessary for the Company to conduct its business under a corporate governance policy that drives more an efficient, certain and transparent corporate structure and operations to ensure accountability, sustainable growth and enhanced confidence for the ultimate benefit of the shareholders, investors and any related person. The Board of Directors officially approved the establishment of the good corporate governance committee in December 2006. By so doing, the Chairman of the Board was assigned to take the responsibility to determine the Corporate Governance Policy and the code of ethics for Executives and all levels of employees and report to the Companyûs Board of Directors periodically. This is to ensure that monitoring, governance, assessment and improvement of operations are in conformity with the corporate governance policy as stated. The Companyûs Chairman is also responsible for presenting, for further approval by the Companyûs Board of Directors, appropriate programs that provide tangible evidence of on-going and consistent good practices.

3.2 ‘∑∏‘·≈–§«“¡‡∑à“‡∑’¬¡°—π¢ÕßºŸâ∂◊ÕÀÿâπ ∫√‘…—∑œ ¡’·π«∑“ß„π°“√ªØ‘∫—µ‘ ‡æ◊ËÕ√—°…“‰«â´÷Ëß ‘∑∏‘ ·≈–§«“¡‡∑à“‡∑’¬¡°—π¢ÕßºŸâ∂◊ÕÀÿâπ ¥—ßπ’È * ºŸâ ∂◊ Õ Àÿâ π ¡’ ‘ ∑ ∏‘ ·≈–¡’ à « π√à « ¡„π°“√µ— ¥ ‘ π „® π‚¬∫“¬‡√◊ËÕß ”§—≠Ê ¢Õß∫√‘…—∑œ ‚¥¬∫√‘…—∑œ®– ¥”‡π‘ π °“√·®â ß √“¬≈–‡Õ’ ¬ ¥‡°’Ë ¬ «°— ∫ °“√ª√–™ÿ ¡ ‰«â ∫π‡«Á∫‰´µå¢Õß∫√‘…—∑œ www.bigc.co.th ≈à«ßÀπâ“ ‡°‘π°«à“ 21 «—π°àÕπ°“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ

3.2The Shareholdersû Equality and Rights The Company has determined policies to retain the rights and equality of shareholders as follows: * Shareholders are eligible to and contribute to the Companyûs major decisions. Details of the meetings will be notified on the Companyûs website www.bigc.co.th over 21 days in advance of such shareholdersû meetings. *The invitation letters and the meeting agenda

3.3 ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬ ∫√‘…—∑œ‰¥â„Àâ§«“¡ ”§—≠µàÕ ‘∑∏‘¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬ ∑ÿ°°≈ÿà¡ ‚¥¬¡’√“¬≈–‡Õ’¬¥¥—ßπ’È * æπ—°ß“π ∫√‘…—∑œ ‰¥âªØ‘∫—µ‘·≈–¥Ÿ·≈æπ—°ß“π¥â«¬§«“¡‡ªìπ ∏√√¡ ·≈–„Àâº≈µÕ∫·∑π„π√–¥—∫∑’Ë‡À¡“– ¡µ“¡ ∑—°…– §«“¡√Ÿâ §«“¡ “¡“√∂·≈–≈—°…≥–ß“π ∑—Èßπ’È „πÕ—µ√“°“√®à“¬º≈µÕ∫·∑π∑’Ë‰¡àµË”°«à“º≈µÕ∫·∑π „πµ≈“¥·√ßß“π ”À√— ∫ Õÿ µ “À°√√¡„°≈â ‡ §’ ¬ ß°— π √«¡∑—Èß¡’°“√ª√—∫ª√ÿß°“√®à“¬§à“µÕ∫·∑π„Àâ‡À¡“– ¡°—∫§à“§√Õß™’æµ“¡ ¿“«°“√≥å‡»√…∞°‘®∑’Ë‡ª≈’Ë¬π ·ª≈ß‰ª πÕ°®“°π’È ∫√‘…—∑œ ¬—ß‰¥âª√—∫ª√ÿß‡æ‘Ë¡‡µ‘¡ «— ¥‘°“√Õ¬à“ßµàÕ‡π◊ËÕß ‡™àπ ‡∫’È¬‡≈’È¬ß·≈–Õ—µ√“§à“ æ“Àπ–„π°“√ªØ‘∫—µ‘ß“ππÕ° ∂“π∑’Ë „Àâ Õ¥§≈âÕß °—∫ ¿“«°“√≥å√“§“πÈ”¡—π·≈–§à“§√Õß™’æ∑’Ë Ÿß¢÷Èπ ¬‘Ëß ‰ª°«à“π—Èπ∫√‘…—∑œ ¬—ß§”π÷ß∂÷ß°“√ àß‡ √‘¡·≈–°“√ æ—≤π“∫ÿ§≈“°√Õ¬à“ßµàÕ‡π◊ËÕß ¥â«¬°“√®—¥„Àâ¡’°“√ Õ∫√¡ — ¡ ¡π“∑—È ß ¿“¬„π·≈–¿“¬πÕ° ∂“π∑’Ë „ Àâ ‡À¡“– ¡·°àæπ—°ß“π„π·µà≈–√–¥—∫

including any necessary information thereof are arranged and sent to the shareholders 14 days in advance of such meetings. The Company is responsible for inspecting the document or evidence confirming the shareholders right to join the meetings. Registration is open 1.30 hours ahead of such meetings. The Company assures its shareholders of receiving basic rights and being equally treated to retain their basic rights including the right to receive stock certification and stock transfer, the right to receive accurate, clear and reliable information, the right to join the meetings and have a resolution to approve important transactions, the right to vote for the members of the Companyûs board of directors and the right to receive dividends equally. The Company complies with the dividend payment policy according to the resolution of the extraordinary shareholders meeting in 1995, which defines dividend payment policy representing not less than 30% of net earnings. The Company announced dividend payments since the Company realized its first net earnings. In 2004 and 2005 the Company paid the dividend at the rate of 60% and 70% of net earnings respectively.

3.3Rights of Beneficial Groups The company places significant importance on each of the following beneficial groups: * Staff: To be fair and just to staff, as well as provide appropriate compensation in accordance with their skills, knowledge, performance and nature of work of not lower than the market rate within the retail industry. Compensations are revised to suit the changing economic circumstances. Welfare benefits are enhanced periodically. Per diems and transportation fees for working outside the office are adjusted to reflect oil pricehikes andincreasing cost of living. More importantly,the Company is focused on continual manpower development by providing internal and external training and seminar programs as appropriate to staff level.

∫√‘ …— ∑ œ®–¥”‡π‘ π °“√®— ¥ à ß Àπ— ß ◊ Õ ‡™‘ ≠ ª√–™ÿ ¡ æ√âÕ¡π”‡ πÕ¢âÕ¡Ÿ≈ª√–°Õ∫°“√ª√–™ÿ¡ ·µà≈–«“√– „Àâº∂Ÿâ Õ◊ Àÿπâ ≈à«ßÀπâ“Õ¬à“ß§√∫∂â«π°àÕπ«—πª√–™ÿ¡14«—π ∫√‘…—∑œ °”°—∫¥Ÿ·≈„Àâ¡’°“√µ√«® Õ∫‡Õ° “√À√◊Õ À≈—°∞“π‡æ◊ËÕ· ¥ß ‘∑∏‘„π°“√‡¢â“√à«¡ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ·≈–°”Àπ¥„Àâ¡’√–¬–‡«≈“°“√≈ß∑–‡∫’¬π≈à«ßÀπâ“ °àÕπ°“√ª√–™ÿ¡ 1 ™—Ë«‚¡ß 30 π“∑’ ∫√‘…—∑œ¥”‡π‘π°“√„ÀâºŸâ∂◊ÕÀÿâπ‰¥â√—∫ ‘∑∏‘æ◊Èπ∞“π ·≈– ‰¥â√—∫°“√ªØ‘∫—µ‘ „π°“√√—°…“ ‘∑∏‘¢ÕßºŸâ∂◊ÕÀÿâπÕ¬à“ß ‡∑à“‡∑’¬¡°—π ‡™àπ ‘∑∏‘„π°“√√—∫„∫Àÿπâ ·≈–°“√‚ÕπÀÿπâ ‘∑∏‘„π°“√√—∫¢âÕ¡Ÿ≈¢à“« “√∑’Ë∂Ÿ°µâÕß ™—¥‡®π·≈– ‡™◊ËÕ∂◊Õ‰¥â ‘∑∏‘„π°“√‡¢â“√à«¡ª√–™ÿ¡·≈–≈ß¡µ‘Õπÿ¡—µ‘ °“√‡¢â “ ∑”√“¬°“√∑’Ë ”§— ≠ ‘ ∑ ∏‘ „ π°“√‡≈◊ Õ °µ—È ß °√√¡°“√∑’Ë‡¢â“¡“∫√‘À“√∫√‘…—∑œ √«¡∑—Èß ‘∑∏‘„π°“√ ‰¥â√—∫‡ß‘πªíπº≈Õ¬à“ß‡∑à“‡∑’¬¡ ∫√‘ …— ∑ œ ªØ‘ ∫— µ‘ µ “¡π‚¬∫“¬°“√®à “ ¬‡ß‘ π ªí π º≈ µ“¡¡µ‘ ∑’Ë ª √–™ÿ ¡ «‘ “¡— ≠ ºŸâ ∂◊ Õ Àÿâ π µ—È ß ·µà ªï 2538 ´÷Ë ß °”Àπ¥π‚¬∫“¬°“√®à “ ¬‡ß‘ π ªí π º≈‰«â ‰ ¡à µË” °«à “ √âÕ¬≈– 30 ¢Õß°”‰√ ÿ∑∏‘ ‚¥¬∫√‘…—∑œ ‰¥âª√–°“» ®à“¬‡ß‘πªíπº≈„Àâ·°àºŸâ∂◊ÕÀÿâπµ≈Õ¥¡“µ—Èß·µà§√—Èß·√°∑’Ë ∫√‘…—∑œ ¡’°”‰√ ÿ∑∏‘ ªï 2547 ·≈–ªï 2548 ∫√‘…—∑œ ‰¥â®à“¬‡ß‘πªíπº≈„πÕ—µ√“√âÕ¬≈– 60 ·≈– 70 ¢Õß °”‰√ ÿ∑∏‘

14 *

§Ÿ§à “â °“√´◊È Õ ‘ π §â “ ·≈–∫√‘ ° “√®“°§Ÿà §â “ ‡ªì π ‰ªµ“¡ ‡ß◊ËÕπ‰¢∑“ß°“√§â“∑’Ë‡ªìπ∏√√¡ ·≈–µ°≈ß√à«¡°—π√«¡ ∂÷ß°“√ªØ‘∫—µ‘„Àâ‡ªìπ‰ªµ“¡ —≠≠“°—∫§Ÿà§â“ ∑—Èßπ’È¥â«¬ ¡“µ√∞“π°“√ª√–°Õ∫°“√§â“µ“¡ ∂“π–¢Õß§Ÿà§â“ ·µà ≈ –°≈ÿà ¡ Õ¬à “ ß‡À¡“– ¡‡π◊Ë Õ ß¥â « ¬∫√‘ …— ∑ œ¡’ ‡®µπ“√¡≥å∑’Ë®– π—∫ πÿπ§Ÿà§â“¢π“¥‡≈Á° ·≈–¢π“¥ °≈“ß„Àâ¡’‚Õ°“ ‡µ‘∫‚µÕ¬à“ß¬—Ëß¬◊π§Ÿà‰ª°—∫°“√‡®√‘≠ ‡µ‘∫‚µ∑’Ë¡—Ëπ§ß¢Õß∫√‘…—∑œ „π√–¬–¬“« ‡®â“Àπ’È ∫√‘…—∑œ ªØ‘∫—µ‘µ“¡‡ß◊ËÕπ‰¢°“√°Ÿâ¬◊¡‡ß‘πµ“¡¢âÕµ° ≈ß·≈– —≠≠“°—∫‡®â“Àπ’È∑ÿ°√“¬Õ¬à“ß‡§√àß§√—¥∑—Èßπ’È ‡√‘Ë¡µ—Èß·µà°“√§—¥‡≈◊Õ°‡®â“Àπ’È ‚¥¬‡ªî¥‚Õ°“ „Àâ‡ πÕ ‡ß◊ËÕπ‰¢°“√°Ÿâ¬◊¡‡ß‘π∑’Ë·¢àß¢—π‰¥â„πµ≈“¥°“√‡ß‘π‡ √’ ·≈–æ‘®“√≥“Õ¬à“ß‡ªìπ∏√√¡ ≈Ÿ°§â“ ∫√‘…∑— œ ‡Õ“„®„ à·≈–√—∫º‘¥™Õ∫µàÕ≈Ÿ°§â“ ®—¥À“·≈– º≈‘µ ‘π§â“∑’Ë¡’§ÿ≥¿“æ·≈–¡“µ√∞“π √—°…“§«“¡≈—∫ ¢Õß≈Ÿ ° §â “ ·≈–„Àâ §”·π–π”°√≥’ ∑’Ë ‡ °‘ ¥ ªí ≠ À“æ√â Õ ¡ „Àâ § «“¡™à « ¬‡À≈◊ Õ π— ∫ πÿ π µ“¡§«“¡‡À¡“– ¡ ∫√‘ …— ∑ œ‰¥â ®— ¥ „Àâ ¡’ À πà « ¬ß“πÀ√◊ Õ ∫ÿ § §≈∑’Ë ∑”Àπâ “ ∑’Ë √—∫¢âÕ√âÕß‡√’¬π®“°≈Ÿ°§â“ ‡æ◊ËÕ¥”‡π‘π°“√·°â‰¢¢âÕ ∫°æ√àÕß„Àâ·°à≈Ÿ°§â“‚¥¬‡√Á«∑’Ë ÿ¥À“°¢âÕ√âÕß‡√’¬ππ—Èπ ¡’‡Àµÿº≈ §Ÿà·¢àß ∫√‘ …— ∑ œ∂◊ Õ ªØ‘ ∫— µ‘ µ “¡°√Õ∫°µ‘ ° “°“√·¢à ß ¢— π ∑’Ë¥’√—°…“∫√√∑—¥∞“π¢Õß¢âÕæ÷ßªØ‘∫—µ‘ „π°“√·¢àß¢—π ‰¡à„™â«‘∏’°“√Õ—π‰¡à ÿ®√‘µ‡æ◊ËÕ∑”≈“¬§Ÿà·¢àß ∑—Èßπ’È∫√‘…—∑ ¥”√ß‰«â´÷ËßÀ≈—°°“√Õ¬Ÿà√à«¡°—π ·≈–‡°◊ÈÕ°Ÿ≈°—π‚¥¬ ‡©æ“–Õ¬à “ ß¬‘Ë ß °“√ªØ‘ ∫— µ‘ µà Õ √â “ π§â “ „π™ÿ ¡ ™π·µ° µà “ ß®“°√Ÿ ª ·∫∫°“√·¢à ß ¢— π °— ∫ §Ÿà · ¢à ß ∑“ß°“√§â “ „π √–¥—∫‡¥’¬«°—πæ√âÕ¡∑—ßÈ àß‡ √‘¡ ·≈– π—∫ πÿππ‚¬∫“¬ °“√·¢àß¢—π∑“ß°“√§â“Õ¬à“ß‡ √’·≈–‡ªìπ∏√√¡ ‚¥¬ ∫√‘…—∑œ ¬÷¥À≈—°°“√æ—≤π“À“™àÕß∑“ß°“√µÕ∫ πÕß §«“¡µâÕß°“√¢ÕßºŸâ∫√‘‚¿§Õ¬à“ß¥’∑’Ë ÿ¥‡ªìπ ”§—≠¡“° °«à“°“√∑”≈“¬≈â“ß°—π ™ÿ¡™π ∫√‘…—∑œ √—∫º‘¥™Õ∫µàÕ —ß§¡ ‚¥¬„ à„®„π ¿“æ ·«¥≈âÕ¡¢Õß™ÿ¡™π ·≈– —ß§¡ π—∫µ—Èß·µà°“√ÕÕ°·∫∫ °àÕ √â“ß·≈–®—¥√Ÿª·∫∫¢Õß√â“π„Àâ¡’ ¿“æ·«¥≈âÕ¡ ‡À¡“– ¡„π≈— ° …≥–»Ÿ π ¬å ° ≈“ß°“√æ— ° ºà Õ π¢Õß §√Õ∫§√—«·≈–®—¥„Àâ «à πÀπ÷ßË ¢Õß√â“π¡’ ¿“æ‡ªìπ ∂“π

Suppliers/Vendors: Comply with purchase and service agreements that were made based on fair trading terms and conditions providing both with mutually acceptable benefits. Adhere to the standards of appropriate business operations in accordance with the suppliers/vendorsû status and in line with the Companyûs commitment to promote and support the sustainable growth of small and medium-sized vendors along with the steady long-term growth of the Company. Creditors: Strictly adhere to the terms and conditions of loan agreements, including the selection of creditors. Allow potential creditors to present competitive lending terms and conditions in a free monetary market with sound reviews. Customers: Be attentive and responsible to customer needs; particularly in maintaining consistent standards of procurement and manufacturing of quality products. Provide recommendations when problems arise and give assistance as appropriate. Keep customers data confidential and ensure that concerned staff handled customer complaints by providing corrective action to reasonable complaints immediately. Competitors: Perform within the proper framework for fair trade amongst competitors, while avoiding any misconduct or violation of the code of ethics. Adhere to the co-existence and support concept. Treat local vendors in the community differently from the way we compete with our rivals in the same industry. Promote and support free and fair competition. Be committed to developing new channels to respond to consumer demands rather than destroying competitors. Community: Be responsible to the society and environment through the planning and layout of stores, which have been designed to provide an

3.4 °“√ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ „πªï 2549 ∫√‘…—∑œ ®—¥„Àâ¡’°“√ª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ 1 §√—ßÈ °“√ª√–™ÿ¡¥”‡π‘π‰ªµ“¡¢—πÈ µÕπµ“¡°ÆÀ¡“¬ ∑—ßÈ π’È ¡’°√√¡°“√‡¢â“√à«¡ª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ ª√–°Õ∫¥â«¬ª√–∏“π °√√¡°“√ °√√¡°“√·≈–ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√·≈– ª√–∏“π°√√¡°“√µ√«® Õ∫ √«¡ 3 ∑à“π ·≈–‡ªî¥‚Õ°“ „Àâº∂Ÿâ Õ◊ Àÿπâ ¡’ ∑‘ ∏‘Õ¬à“ß‡∑à“‡∑’¬¡°—π„π°“√µ√«® Õ∫ ´—°∂“¡ ‡°’Ë¬«°—∫°“√¥”‡π‘πß“π¢Õß∫√‘…—∑œ √«¡∂÷ß°“√‡ªî¥‚Õ°“ „Àâ· ¥ß§«“¡§‘¥‡ÀÁπ·≈–‡ πÕ¢âÕ·π–π”µà“ßÊ „π°“√π’È‰¥â ∫—π∑÷°ª√–‡¥Áπ´—°∂“¡ ·≈–¢âÕ§‘¥‡ÀÁπ∑’Ë ”§—≠·≈–‡À¡“– ¡‰«â„π√“¬ß“π°“√ª√–™ÿ¡ °“√®—¥∑”√“¬ß“π°“√ª√–™ÿ¡ ¥”‡π‘π°“√·≈â«‡ √Á®¿“¬„π 14 «—π π—∫®“°«—πª√–™ÿ¡ ¡’°“√ ®—¥‡°Á∫√“¬ß“π°“√ª√–™ÿ¡Õ¬à“ß‡À¡“– ¡ ·≈–¿“¬À≈—ß ®“°∑’Ëª√–∏“π∑’Ëª√–™ÿ¡‰¥â√—∫√Õß√“¬ß“π·≈â« ∫√‘…—∑‰¥â ∑”°“√√“¬ß“πµà Õ µ≈“¥À≈— ° ∑√— æ ¬å · Àà ß ª√–‡∑»‰∑¬ ¥â«¬‡™àπ°—π

appropriate environment for the recreation of families and to facilitate the community whereby certain areas have been designated as community centers. Moreover, funds from the establishment of the Big C Foundation are utilized to support community infrastructure and education for young people, which will eventually yield benefits to society at large. The Company is a major contributor to social and community development by paying its taxes, leading the Company to receive the Tax Man of the Year 2006 award under the Top Ten Company program by the Tax Research Center and Tax & Business Magazine. The award was determined by a jury comprising distinguished people in diverse areas including the President of the Federation of Thai Industries, President of the Board of Trade, Director and Manager of the Stock Exchange of Thailand. Listed companies were screened according to the following criteria: 1. The company that achieved the highest growth. 2. The company in a business that boosts the nationûs economy. 3. The company that practiced good corporate governance and conduct of ethics and paid back to the society. 4. The company that has good tax payment record. The Company maintains its policy to comply with the relevant rules and regulations in any legal matter in order to protect the fair interests of all parties. 3.4The Shareholderûs Meeting In 2006, the Company held a general shareholdersû meeting, which was run in conformity with the law. The Companyûs three directors participated in the meeting including the Chairman, Director and CEO and the Audit Committeeûs Chairman. In this meeting, all shareholders had an equal opportunity to review and ask questions about the companyûs business operations as well as to give advice and recommendations. All significant matters raised by the shareholders regarding the Companyûs business operations were recorded in the minutes of the meeting, which were completely prepared within 14

æ— ° ºàÕ π¢Õß™ÿ¡™π‰¥â¥â«¬√«¡∂÷ß°“√√à «¡®—¥ µ—È ß ·≈– π—∫ πÿπ∑“ß°“√‡ß‘π·°à¡Ÿ≈π‘∏‘∫‘Í°´’‡æ◊ËÕ¥”‡π‘π°“√ ¥â “ π “∏“√≥ª√–‚¬™πå · ≈– à ß ‡ √‘ ¡ π— ∫ πÿ π ¥â “ π °“√»÷ ° …“¢Õß‡¬“«™π„π™ÿ ¡ ™π‡æ◊Ë Õ µÕ∫·∑πÀ√◊ Õ °“√§◊π°”‰√ Ÿà —ß§¡ πÕ°®“°π’È∫√‘…—∑¬—ß‰¥â¡’ à«π ”§—≠„π°“√æ—≤π“ —ß§¡·≈–™ÿ¡™π‚¥¬°“√‡ ’¬¿“…’ Ÿß ÿ¥®π∑”„Àâ∫√‘…—∑œ ‰¥â√—∫√“ß«—≈ Tax Man of the Year 2006 „π∞“π–∫√‘…—∑¥’‡¥àπ„π‚§√ß°“√ Top10 Company ¢Õß ∂“∫—π¿“…’ Tax Research Center ·≈– π‘µ¬ “√ Tax & Business Magazine ‚¥¬¡’°√√¡°“√ ºŸâ∑√ß§ÿ≥«ÿ≤‘°‘µµ‘¡»—°¥‘Ï®“° “¢“µà“ßÊ „ Àâ ‡ °’ ¬ √ µ‘ æ‘®“√≥“§—¥‡≈◊Õ° Õ“∑‘ ª√–∏“π ¿“Õÿµ “À°√√¡ ª√–∏“π ¿“ÀÕ°“√§â “ °√√¡°“√·≈–ºŸâ ®— ¥ °“√ µ≈“¥À≈—°∑√—æ¬å ‡ªìπµâπ ‚¥¬§—¥‡≈◊Õ°®“°∫√‘…—∑∑’Ë ®¥∑–‡∫’ ¬ π„πµ≈“¥À≈— ° ∑√— æ ¬å · Àà ß ª√–‡∑»‰∑¬ µ“¡À≈—°‡°≥±å ¥—ßπ’È 1. ‡ªìπ∫√‘…—∑∑’Ë¡’¬Õ¥°“√‡®√‘≠‡µ‘∫‚µ Ÿß ÿ¥ 2. ‡ªìπ∏ÿ√°‘®∑’Ë àß‡ √‘¡‡»√…∞°‘®¢Õßª√–‡∑» 3. ‡ªìπ∫√‘…—∑∑’Ë¡’À≈—°∏√√¡“¿‘∫“≈ ¡’®√‘¬∏√√¡ √â“ß √√§å·≈–§◊π°”‰√ Ÿà —ß§¡ 4. ‡ªìπºŸâ¡’ª√–«—µ‘°“√‡ ’¬¿“…’∑’Ë¥’ ∫√‘…—∑œ∂◊Õ‡ªìππ‚¬∫“¬∑’Ë®–ªØ‘∫—µ‘µ“¡¢âÕ°”Àπ¥¢Õß °Æ√–‡∫’¬∫·≈–°ÆÀ¡“¬µà“ßÊ ∑’Ë‡°’Ë¬«¢âÕß‡æ◊ËÕ¥Ÿ·≈ ‘∑∏‘ ¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°ΩÉ“¬„Àâ‡°‘¥§«“¡‡ªìπ∏√√¡

3.5 ¿“«–ºŸâπ”·≈–«‘ —¬∑—»πå §≥–°√√¡°“√‡ªìπºŸâ¡’¿“«–ºŸâπ” ¡’«‘ —¬∑—»πå ·≈–¡’ §«“¡‡ªìπÕ‘ √–„π°“√µ—¥ ‘π„® ‡æ◊ËÕª√–‚¬™πå Ÿß ÿ¥¢Õß ∫√‘…∑— œ ·≈–ºŸâ∂◊ÕÀÿâπ‚¥¬√«¡ §≥–°√√¡°“√¬—ß‰¥â¡’ à«π √à«¡„π°“√„Àâ§«“¡‡ÀÁπ™Õ∫«‘ —¬∑—»πå ´÷Ëß„π™—Èππ’È ¬—ßÕ¬Ÿà„π √Ÿ ª ¢Õß·ºπ∏ÿ √ °‘ ® ¿“√°‘ ® °≈¬ÿ ∑ ∏å ‡ªÑ “ À¡“¬ ·≈–ß∫ ª√–¡“≥¢Õß∫√‘…—∑œ µ≈Õ¥®πµ‘¥µ“¡·≈–°”°—∫¥Ÿ·≈„Àâ ΩÉ“¬®—¥°“√¥”‡π‘π°“√„Àâ‡ªìπ‰ªµ“¡∑’Ë‰¥â√—∫§«“¡‡ÀÁπ™Õ∫ ‰«âπ—Èπ Õ¬à“ß¡’ª√– ‘∑∏‘¿“æ·≈–ª√– ‘∑∏‘º≈ ‡æ◊ËÕ‡æ‘Ë¡¡Ÿ≈§à“ ∑“ß‡»√…∞°‘® Ÿß ÿ¥„Àâ·°à°‘®°“√ ·≈–§«“¡¡—Ëπ§ß Ÿß ÿ¥„Àâ ·°àºŸâ∂◊ÕÀÿâπ

3.6 §«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ‡æ◊Ë Õ ªÑ Õ ß°— π §«“¡¢— ¥ ·¬â ß ∑“ßº≈ª√–‚¬™πå §≥– °√√¡°“√‰¥â¥Ÿ·≈Õ¬à“ß√Õ∫§Õ∫‡¡◊ËÕ‡°‘¥√“¬°“√∑’ËÕ“®¡’ §«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ‚¥¬°”Àπ¥π‚¬∫“¬·≈– ¢—È π µÕπ°“√Õπÿ ¡— µ‘ √ “¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ß°— π „Àâ ‡ ªì π ‰ªµ“¡ ª√–°“»∑’Ë‡°’Ë¬«¢âÕß¢Õßµ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ √«¡∑—Èß°”Àπ¥π‚¬∫“¬·≈–«‘∏’°“√¥Ÿ·≈‰¡à„ÀâºŸâ∫√‘À“√·≈–ºŸâ ‡°’Ë¬«¢âÕßπ”¢âÕ¡Ÿ≈¿“¬„π¢Õß∫√‘…—∑œ ‰ª„™â‡æ◊ËÕª√–‚¬™πå à«πµπ ¥—ßπ’È * √“¬°“√∑’ËÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå §≥–°√√¡°“√‰¥â„™â§«“¡æ¬“¬“¡Õ¬à“ß¥’∑’Ë ÿ¥ ‡æ◊ËÕ „Àâ∑√“∫∂÷ß√“¬°“√∑’Ë¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ·≈–√“¬°“√°—∫π‘µ‘∫ÿ§§≈ À√◊Õ ∫ÿ§§≈∑’Ë‡°’Ë¬«‚¬ß°—π ∑’Ë¡’ “√– ”§—≠ ·≈–‰¥âæ‘®“√≥“§«“¡‡À¡“– ¡¢Õß °“√¥”‡π‘π°“√„π·µà≈–‡√◊ËÕßπ—ÈπÕ¬à“ß√Õ∫§Õ∫√«¡ ∑—È ß ¡’ ° “√ªØ‘ ∫— µ‘ µ “¡À≈— ° ‡°≥±å ¢ Õßµ≈“¥À≈— ° ∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ‚¥¬°”Àπ¥√“§“·≈–‡ß◊ËÕπ‰¢ ‡ ¡◊Õπ∑”√“¬°“√°—∫∫ÿ§§≈¿“¬πÕ° (Armûs Length Basis) ·≈–‰¥â‡ªî¥‡º¬¡Ÿ≈§à“√“¬°“√ §Ÿà —≠≠“ ‡Àµÿº≈ §«“¡®”‡ªìπÕ¬à“ß‡æ’¬ßæÕ‰«â„π√“¬ß“πª√–®”ªï ·≈– ·∫∫ 56-1 ·≈â« * °“√¥Ÿ·≈‡√◊ËÕß°“√„™â¢âÕ¡Ÿ≈¿“¬„π °”Àπ¥„Àâ°√√¡°“√·≈–ºŸâ∫√‘À“√√–¥—∫ Ÿß√“¬ß“π °“√‡ª≈’Ë¬π·ª≈ß°“√∂◊ÕÀ≈—°∑√—æ¬å µàÕ ”π—°ß“π °”°—∫À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å µ“¡¡“µ√“ 59 ·Ààßæ√–√“™∫—≠≠—µ‘À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å æ.». 2535

were kept properly and upon the approval by the Chairman of the meeting were reported to the Stock Exchange of Thailand. 3.5 Leadership and Vision The Board of Directors is composed of people who have leadership skill, vision and independence in decision-making for the best interests of the Company and Shareholders. The Board of Directors participated in the creation of the companyûs vision, business plans, mission, strategies, goals and budget. The Board will provide supervision to ensure that the management team performs with efficiency and effectiveness while adding value for the company, and ultimately gaining more value for the shareholders. 3.6 Conflict of Interest In order to prevent any conflict of interest, the Board of Directors will place strong focus on the transactions that may possibly occur, by establishing a Policy and Procedure on the approval of related transactions in accordance with the rules and regulations of the Stock Exchange of Thailand, and on the prevention of using inside information for the personal benefit of executives and/or involved persons as follows: * Connected Transactions The Board of Directors will put the utmost effort in to seeking out related transactions with a potential conflict of interest between the juristic company and persons involved. Each transaction has been carefully taken into consideration and found to be in compliance with the rules and regulations of the Stock Exchange of Thailand regarding the determination of prices and conditions which were conducted with the same standard as that of an external vendor (Armûs Length Basis). In addition, the disclosure of transaction values, contractual parties and rationales were sufficiently shown in the Company Annual Report and Form 56-1. * The Supervision of Internal Information The Board of Directors and Executive Committee members are required to report the Companyûs

3.7 ®√‘¬∏√√¡∑“ß∏ÿ√°‘® ∫√‘ …— ∑ œ ¡’ π ‚¬∫“¬°“√¥”‡π‘ π ∏ÿ √ °‘ ® ‚¥¬¬÷ ¥ ¡—Ë π „π ¡“µ√∞“π®√‘¬∏√√¡ Ÿß ÿ¥ ‰¥â·°à °“√ªØ‘∫—µ‘µ“¡°ÆÀ¡“¬ §«“¡´◊ÕË µ√ß¢Õßæπ—°ß“π §«“¡ —¡æ—π∏å°∫— ºŸ®â ”Àπà“¬ ‘π§â“ °“√‡ªî¥‡º¬¢âÕ¡Ÿ≈¢Õß∫√‘…—∑ °“√·¢àß¢—π·≈–°“√√—°…“ ‘π∑√—æ¬å¢Õß∫√‘…—∑œ ´÷Ëß§≥–°√√¡°“√ ºŸâ∫√‘À“√µ≈Õ¥®π æπ— ° ß“π∑ÿ ° §π ‰¥â „ Àâ § «“¡ ”§— ≠ ·≈–¡’ À πâ “ ∑’Ë µâ Õ ß∂◊ Õ ªØ‘∫—µ‘Õ¬à“ß‡§√àß§√—¥ ¡Ë”‡ ¡Õ‡ªìπª°µ‘«‘ —¬„Àâ‡ªìπ‰ªµ“¡ ªØ‘≠≠“«à“¥â«¬°“√ªØ‘∫—µ‘µ“¡¡“µ√∞“π°“√¥”‡π‘π∏ÿ√°‘® ¢Õß∫√‘…∑— œ ∑’‰Ë ¥â°”Àπ¥‰«â‡ªìπ≈“¬≈—°…≥åÕ°— …√Õ¬à“ß™—¥‡®π ∑—È ß π’È ∫ √‘ …— ∑ ¬— ß ‰¥â °”Àπ¥„Àâ ¡’ ° “√µ‘ ¥ µ“¡º≈°“√ªØ‘ ∫— µ‘ Õ¬à“ßµàÕ‡π◊ËÕß¡’∫∑≈ß‚∑…∑’Ë™—¥‡®πÀ“°¡’°“√ΩÉ“Ωóπ √«¡∑—Èß √≥√ß§å àß‡ √‘¡„Àâ‡°‘¥‡ªìπ«—≤π∏√√¡Õß§å°√·≈–§à“π‘¬¡∑’Ë ¥’„π°“√¥”‡π‘πß“π‡ªìπ∑’¬Ë Õ¡√—∫¢Õß∑ÿ°ΩÉ“¬∑’‡Ë °’¬Ë «¢âÕßµàÕ‰ª

3.9 °“√√«¡À√◊Õ·¬°µ”·Àπàß * ª√–∏“π°√√¡°“√‡ªìπµ—«·∑π¢ÕßºŸâ∂◊ÕÀÿâπ√“¬„À≠à´÷Ëß ∂◊ÕÀÿâπ√âÕ¬≈– 13 ¢Õß®”π«πÀÿâπ∑—ÈßÀ¡¥ * ª√–∏“π°√√¡°“√‰¡à„™à∫ÿ§§≈‡¥’¬«°—π°—∫ª√–∏“π ‡®â“Àπâ“∑’Ë∫√‘À“√·≈–°√√¡°“√ºŸâ®—¥°“√„À≠à·µà∑—Èß Õß∑à “ π‡ªì π µ— « ·∑π®“°°≈ÿà ¡ ºŸâ ∂◊ Õ Àÿâ π „À≠à § π≈– °≈ÿ¡à °—π°“√®—¥‚§√ß √â“ß§≥–°√√¡°“√¢Õß∫√‘…∑— œ „Àâ ¡’°√√¡°“√∑’‡Ë ªìπÕ‘ √–√âÕ¬≈– 23 ∑”„Àâ‡°‘¥°“√∂à«ß¥ÿ≈ ·≈–°“√ Õ∫∑“π°“√∫√‘À“√ß“πÕ¬à“ß√Õ∫§Õ∫

3.7 Code of Ethics and Business Conduct The Company is committed to operate its business under ethical standards by complying with the laws, promoting honesty of employees, intensifying the relationship with suppliers, disclosing corporate information, ensuring fair competition and maintaining the Companyûs assets. All directors, executives and employees have focused on, and adhere to, this code strictly and regularly, in line with the written charter on compliance with the Companyûs business standards. The Company provides on-going monitoring of staff performance while the penalties for offenders have also been determined. Effort is made to ensure the corporate culture and working values acceptable to all related parties. 3.8 Balance of Power of Non-Executive Directors There are 13 Directors as follows: * Executive Director (1) * Non-Executive Directors (9) * Audit Committee (3) ( All Audit Committee are independent directors.) The (3) Audit Committee account for 23% of the total number of Directors, whose qualifications are entirely appropriate to the position according to the criteria set by the Stock Exchange of Thailand. In addition, the structure of the Board of Directors of the Company is composed of (9) Non-Executive Directors accounting for 69% of the total number of Directors. The balance of power of Non-Executive Directors has been structured appropriately. 3.9 Equalization of Managing Power * The Chairman will represent the major shareholders holding 13% of the total number of company stock. * The Chairman is not the same person who holds the position of the Chief Executive Officer and Managing Director. However, both are representatives of different groups of major shareholders. The Board of Directorsû structure includes Independent Directors (23%) in order that the equalization of power and examination of management can be days after the meeting date. The minutes of the meeting

3.8 °“√∂à«ß¥ÿ≈¢Õß°√√¡°“√∑’Ë‰¡à‡ªìπºŸâ∫√‘À“√ §≥–°√√¡°“√∫√‘…∑— œ ¡’®”π«π 13 ∑à“πª√–°Õ∫¥â«¬ * °√√¡°“√∑’Ë‡ªìπºŸâ∫√‘À“√ 1 ∑à“π * °√√¡°“√∑’Ë‰¡à‰¥â‡ªìπºŸâ∫√‘À“√ 9 ∑à“π * °√√¡°“√µ√«® Õ∫ 3 ∑à“π (°√√¡°“√µ√«® Õ∫ ∑ÿ°∑à“π‡ªìπ°√√¡°“√Õ‘ √–) °√√¡°“√Õ‘ √–®”π«π 3 ∑à“π §‘¥‡ªìπ√âÕ¬≈– 23 ¢Õß ®”π«π°√√¡°“√∑—Èß§≥– ·≈–¡’§ÿ≥ ¡∫—µ‘§√∫∂â«π∑’Ë®– ¥”√ßµ”·Àπàß°√√¡°“√Õ‘ √–¢Õß∫√‘…—∑œ µ“¡‡°≥±å¢Õß µ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ πÕ°®“°π’È‚§√ß √â“ß §≥–°√√¡°“√∫√‘…—∑œ ª√–°Õ∫¥â«¬°√√¡°“√∑’Ë‰¡à‰¥â‡ªìπ ºŸâ∫√‘À“√®”π«π 9 ∑à“π §‘¥‡ªìπ√âÕ¬≈– 69 ¢Õß°√√¡°“√ ∑—Èß§≥– ®÷ß‡™◊ËÕ¡—Ëπ‰¥â«à“¡’°“√∂à«ß¥ÿ≈°—πÕ¬à“ß‡À¡“– ¡„π ‚§√ß √â“ß°√√¡°“√¢Õß∫√‘…—∑œ

trading transactions to the Security Exchange Commission (Section 59) of the Stock Exchange of Thailand Act B.E. 2535 (1992).

3.10 §à“µÕ∫·∑π°√√¡°“√·≈–ºŸâ∫√‘À“√ §à“µÕ∫·∑π°√√¡°“√∫√‘…—∑œ √«¡ 13 ∑à“π ·∫àßÕÕ°‡ªìπ §à“‡∫’È¬ª√–™ÿ¡°√√¡°“√∫√‘…—∑œ ·≈–§à“µÕ∫·∑πÕ◊Ëπ ´÷Ëß‡ªìπ‰ªµ“¡¡µ‘∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπ “¡—≠ª√–®”ªï 2543 ‡™àπ Õπÿ¡—µ‘‚§√ß°“√‡ πÕ¢“¬„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπ·°à °√√¡°“√∫√‘…—∑œ ·≈–æπ—°ß“π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬ ‚¥¬∫√‘…—∑œ ‰¥â‡§¬®—¥ √√„∫ ”§—≠· ¥ß ‘∑∏‘·≈–Àÿâπ “¡—≠∑’Ë ÕÕ°„À¡à ‡æ◊ËÕ√Õß√—∫„∫ ”§—≠· ¥ß ‘∑∏‘§√—Èß∑’Ë 1 „πªï 2543 ¡’Õ“¬ÿ 2 ªï ‘Èπ ÿ¥ ≥ «—π∑’Ë 31 µÿ≈“§¡ 2548 («—π„™â ‘∑∏‘ §√—Èß ÿ¥∑â“¬) ®“°π—Èπ ∫√‘…—∑œ °Á¬—ß¡‘‰¥â¡’°“√®—¥ √√„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®–´◊ÈÕÀÿâπÕ’° ®π∂÷ßªí®®ÿ∫—π ©–π—Èπ „πªï 2549 §à“µÕ∫·∑π°√√¡°“√∫√‘…—∑œ √«¡ 13 ∑à“π ®÷ß¡’®”π«π‡∑à“°—∫ 1,870,000.- ∫“∑ ‚¥¬‡ªìπ‡æ’¬ß§à“µÕ∫·∑π„Àâ·°à °√√¡°“√∫√‘…—∑œ„π à«π‡∫’È¬ª√–™ÿ¡°√√¡°“√‡∑à“π—Èπ à«π§à“µÕ∫·∑π§≥–°√√¡°“√∫√‘À“√´÷Ëß‰¥â·°à‡ß‘π‡¥◊Õπ ‚∫π— ·≈– «— ¥‘°“√Õ◊Ëπ¡’®”π«π‡ß‘π√«¡∑—Èß ‘Èπ 115,266,905.- ∫“∑ ¡’√“¬≈–‡Õ’¬¥ ¥—ßπ’È * §à“µÕ∫·∑πµ—«‡ß‘π 1. °√√¡°“√

‡∫’È¬ª√–™ÿ¡ 2. °√√¡°“√∫√‘À“√·≈–ºŸâ∫√‘À“√Õ◊Ëπ ∑’‰Ë ¡à„™à°√√¡°“√∫√‘…∑— œ ‡ß‘π‡¥◊Õπ ‚∫π— ·≈–§à“µÕ∫·∑πÕ◊ËπÊ

ªï 2548 ®”π«π‡ß‘π√«¡ ®”π«π§π (∫“∑) 13 1,975,000 ªï 2548 ®”π«π‡ß‘π√«¡ ®”π«π§π (∫“∑) 11 107,654,016

ªï 2549 ®”π«π§π ®”π«π‡ß‘π√«¡ (∫“∑) 13 1,870,000 ªï 2549 ®”π«π§π ®”π«π‡ß‘π√«¡ (∫“∑) 11 115,266,905

* §à“µÕ∫·∑πÕ◊ËπÊ ∑’Ë‰¡à„™à‡ß‘π - ∫√‘…—∑œ ¬—ß¡‘‰¥â¡’°“√Õπÿ¡—µ‘®—¥ √√„∫ ”§—≠· ¥ß ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠Õ’°®π∂÷ßªí®®ÿ∫—π 3.10 Remuneration for Directors and Executives The remuneration of the Companyûs 13 directors included meeting allowances for the Companyûs directors and other remunerations in accordance with the resolution of the shareholdersû annual meeting for 2000. The resolution included the approval of proposed warrants to be sold to the Companyûs and its subsidiariesû directors and employees. Companyûs The Company arranged 2-year warrants and new common shares in support of the warrants of 2000. The expiry date of such warrants was October 31, 2005 (The final date of exercising the right). Since then, the Company has not issued any new warrant. In 2006, the remuneration of the Companyûs 13 directors was 1,870,000 baht and this was only the meeting allowance for the Companyûs directors. Total remuneration in 2006 paid to executives included salaries, bonus and other benefits as follows: * Money remuneration 1. Directors

Meeting Allowance 2. Executive Directors and Executives who are not Directors Salaries, bonus and other remuneration

2005 Number of Persons 13

Total Amount (BAHT) 1,975,000 2005 Number of Total Amount Persons (BAHT) 11 107,654,016

2006 Number of Persons 13 2006 Number of Persons 11

* Other non-monetary remuneration The Company has not approved any arrangement of stock options.

Total Amount (BAHT) 1,870,000 Total Amount (BAHT) 115,266,905

3.11 °“√ª√–™ÿ¡§≥–°√√¡°“√ ∫√‘…—∑œ ¡’°“√°”Àπ¥«—ππ—¥ª√–™ÿ¡§≥–°√√¡°“√‰«â≈à«ßÀπâ“µ≈Õ¥∑—Èßªï ‡æ◊ËÕÕ”π«¬§«“¡ –¥«°·°à°√√¡°“√ ∑ÿ°∑à“π ‚¥¬‡©æ“–°√√¡°“√∑’Ë¡’¿Ÿ¡‘≈”‡π“„πµà“ßª√–‡∑» ·≈–Õ“®¡’°“√ª√–™ÿ¡æ‘‡»…‡æ‘Ë¡µ“¡§«“¡®”‡ªìπ∑“ß∏ÿ√°‘® πÕ°®“°π’È ¬—ß¡’«“√–æ‘®“√≥“µ‘¥µ“¡º≈°“√¥”‡π‘πß“π∫√√®ÿ„π«“√–°“√ª√–™ÿ¡°√√¡°“√Õ¬à“ß ¡Ë”‡ ¡Õ ´÷Ëß‡≈¢“πÿ°“√ ∫√‘…—∑œ ‰¥â®—¥ àßÀπ—ß ◊Õ‡™‘≠ª√–™ÿ¡æ√âÕ¡√–‡∫’¬∫«“√–°“√ª√–™ÿ¡ ·≈–‡Õ° “√ª√–°Õ∫„Àâ·°à°√√¡°“√∑ÿ°∑à“π°àÕπ°“√ ª√–™ÿ¡≈à«ßÀπâ“7 «—π ‡æ◊ËÕ„Àâ§≥–°√√¡°“√‰¥â¡’‡«≈“»÷°…“¢âÕ¡Ÿ≈Õ¬à“ß‡æ’¬ßæÕ°àÕπ‡¢â“√à«¡ª√–™ÿ¡ °“√ª√–™ÿ¡·µà≈–§√—Èß ®–„™â‡«≈“ª√–¡“≥ 3 ™¡. „πªï 2549 ∑’Ëºà“π¡“ §≥–°√√¡°“√¡’°“√ª√–™ÿ¡µ“¡«“√–ª°µ‘®”π«π 4 §√—Èß ·≈–ª√–™ÿ¡ µ“¡«“√–æ‘‡»…®”π«π 4 §√—Èß √«¡∑—Èß ‘Èπ 8 §√—Èß ¡’√“¬≈–‡Õ’¬¥ ¥—ßπ’È

√“¬™◊ÕË

À¡“¬‡Àµÿ * °√√¡°“√∑’Ë¡’¿Ÿ¡‘≈”‡π“„πµà“ßª√–‡∑»

** π“¬™“√å§ ‡∑’¬π’Ë ‰¥â≈“ÕÕ°®“°°“√‡ªìπ°√√¡°“√ „π°“√ª√–™ÿ¡°√√¡°“√∫√‘…—∑œ §√—Èß∑’Ë 7/2549 ‡¡◊ËÕ«—π∑’Ë 10 µÿ≈“§¡ 2549 ·≈–·µàßµ—Èß°√√¡°“√„À¡à·∑π°√√¡°“√∑’Ë≈“ÕÕ° §◊Õ π“¬´“«‘‡¬√å ¡‘‡™≈ ¡“√’ ¨“§ ‡¥‚™·∫√å √«¡∑—Èß ·°â‰¢‡ª≈’Ë¬π·ª≈ßÕ”π“®≈ß≈“¬¡◊Õ™◊ËÕºŸ°æ—π∫√‘…—∑œ ¢Õß°√√¡°“√°≈ÿà¡∑’Ë 1 §◊Õ π“¬´“«‘‡¬√å ¡‘‡™≈ ¡“√’ ¨“§ ‡¥‚™·∫√å ·≈–‰¥â®¥∑–‡∫’¬πµàÕ°√–∑√«ßæ“≥‘™¬å ‡¡◊ËÕ«—π∑’Ë 16 µÿ≈“§¡ 2549 ∑—Èßπ’È ‰¥â¡’°“√®¥∫—π∑÷°°“√ª√–™ÿ¡‡ªìπ≈“¬≈—°…≥åÕ—°…√ ®—¥‡°Á∫√“¬ß“π°“√ª√–™ÿ¡∑’Ëºà“π°“√√—∫√Õß®“°§≥– °√√¡°“√‰«âÕ¬à“ß§√∫∂â«π æ√âÕ¡„Àâ§≥–°√√¡°“√·≈–ºŸâ∑’Ë‡°’Ë¬«¢âÕßµ√«® Õ∫‰¥â∑ÿ°¢≥–

1. π“¬ ÿ∑∏‘™“µ‘ ®‘√“∏‘«—≤πå 2. π“¬ππ∑æ≈ π‘Ë¡ ¡∫ÿ≠ 3. æ≈‡Õ°«‘π—¬ ¿—∑∑‘¬°ÿ≈ 4. ¥√. √Õßæ≈ ‡®√‘≠æ—π∏ÿå 5. π“¬Õ’ø ·∫√å°π“√å ‡∫√∫ÁÕß 6. π“¬∑» ®‘√“∏‘«—≤πå 7. π“¬®ÕÀåπ ‡´’¬π ´Ÿ ≈‘π 8. π“¬™“√å§ ‚¥¡‘π‘§ ‡Õ¡“π 9. π“¬‡«’¬¥ Œß ‚¥ *10. π“¬‡∑’¬√’Ë ∫Ÿ‡™Õ√ß *11. π“¬¨Õß-¡‘‡™≈ ¥ŸÕ“‡¡≈ * ·≈– ** 12. π“¬™“√å§ ‡∑’¬π’Ë *13. π“¬¨Õß-∫—øµ‘ ‡Õ¡‘π *14. π“¬´“«‘‡¬√å ¡‘‡™≈ ¡“√’ ¨“§ ‡¥‚™·∫√å

®”π«π°“√‡¢â“√à«¡ª√–™ÿ¡ (§√—Èß) °“√ª√–™ÿ¡ °“√ª√–™ÿ¡ «“√–ª°µ‘ «“√–æ‘‡»… √«¡ 4/4 4/4 8/8 4/4 4/4 8/8 4/4 4/4 8/8 2/4 4/4 6/8 4/4 4/4 8/8 3/4 4/4 7/8 2/4 1/4 3/8 3/4 --3/8 4/4 4/4 8/8 3/4 --3/8 1/4 --1/8 ------4/4 --4/8 2/4 --2/8

3.11Board of Directorsû Meeting Normal practice dictates that the Company will notify the Board of Directors as to the schedule of the Boardûs meetings for the following year in advance, in order to facilitate attendance by all Directors, in particular Directors who have domiciles overseas. A special meeting may additionally be held if there is a significant business need. Moreover, a consideration and acknowledgement of the Business Review and Performance is always fixed in the agendas for the Boardûs meetings. The Companyûs secretary sends invitation letters together with the agendas, including any relevant corporate documents to all Directors 7 days in advance. This allows the Directors adequate time to consider matters prior to the meetings. Each meeting ordinarily lasts approximately 3 hours. In 2006, the Board of Directors held 4 general meetings and 4 special meetings, totaling 8 meetings. The following is a summary of the Board of Directorsû Meeting attendance.

Name

1. Mr. Suthichart Chirathivat 2. Mr. Nontaphon Nimsomboon 3. General Winai Phattiyakul 4. Dr. Rongphol Charoenphandhu 5. Mr. Yves Bernard Braibant 6. Mr. Tos Chirathivat 7. Mr. John Sian Zu-Lin 8. Mr. Jacques Dominique Ehrmann 9. Mr. Viet Hung Do *10. Mr. Thierry Bourgeron *11. Mr. Jean-Michel Duhamel * and **12. Mr. Jacques Tierny *13. Mr. Jean-Baptiste EMIN *14.Mr. Xavier Michel Marie Jacques DESJOBERT

Attendance Number of Meeting (times) General Meeting Special Meeting Total 4/4 4/4 8/8 4/4 4/4 8/8 4/4 4/4 8/8 2/4 4/4 6/8 4/4 4/4 8/8 3/4 4/4 7/8 2/4 1/4 3/8 3/4 --3/8 4/4 4/4 8/8 3/4 --3/8 1/4 --1/8 ------4/4 --4/8 2/4 --2/8

Remark: * Directors domiciled abroad

**Mr. Jacques Tierny resigned from being a director at the Board of Directorsû meeting No 7/2549 dated October 10, 2006. Mr. Xavier Michel Marie Jacques Desjobert was named as a new director replacing the director who resigned. The signing obligation of Group 1 of directors was changed to incorporate Mr. Xavier Michel Marie Jacques DESJOBERT and registration was made at the Ministry of Commerce on October 16, 2006. The minutes of all the meetings were made in writing and certified by the Board of Directors and are retained. The minutes are available for review and auditing by the Board of Directors and any concerned person at any time.

3.12 §≥–Õπÿ°√√¡°“√ 3.12.1§≥–°√√¡°“√µ√«® Õ∫·≈–°√√¡°“√Õ‘ √– §≥–°√√¡°“√∫√‘…—∑œ ‰¥â·µàßµ—Èß§≥–Õπÿ°√√¡°“√‡æ◊ËÕ ™à « ¬ „ π ° “ √ °” °— ∫ ¥Ÿ · ≈ °‘ ® ° “ √ ¢ Õ ß ∫ √‘ …— ∑ œ µ—È ß · µà ªïæ.».2542 §◊Õ §≥–°√√¡°“√µ√«® Õ∫®”π«π 3 ∑à“π ·≈–∑—Èß 3 ∑à“π ‡ªìπ°√√¡°“√Õ‘ √– ¡’«“√–„π°“√¥”√ß µ”·Àπàß§√“«≈– 3 ªï ´÷Ëß≈à“ ÿ¥„π°“√ª√–™ÿ¡°√√¡°“√ §√—È ß ∑’Ë 2 /2549‡¡◊Ë Õ «— π ∑’Ë 16 °ÿ ¡ ¿“æ— π ∏å 2549 ∑’Ëª√–™ÿ¡°√√¡°“√‰¥â¡’¡µ‘Õπÿ¡—µ‘·µàßµ—Èß§≥–°√√¡°“√ µ√«® Õ∫·≈–°√√¡°“√Õ‘ √–®”π«π 3 ∑à“π ª√–°Õ∫ ‰ª¥â«¬

3.12Sub-Committee 3.12.1 The Audit Committee and the Independent Directors

The Board of Directors has appointed a SubCommittee to assist with the control of the Companyûs operation since 1999, which consists of 3 audit committee members and all 3 members are Independent Directors. The Audit Committee has a 3-year term of office. The Board of Directorûs Meeting No.21/2006 on February 16, 2006 resolved the reappointment of the Audit Committee and Independent Directors: The Audit Committee and Independent Directors are as follows: * Mr. Nontaphon Nimsomboon Chairman of the Audit Committee * General Winai Phattiyakul Member of the Audit Committee * Dr. Rongphol Charoenphandhu Member of the Audit Committee

§≥–°√√¡°“√µ√«® Õ∫¡’ ° “√ª√–™ÿ ¡ ¡Ë” ‡ ¡Õ „πªï2549 ¡’°“√ª√–™ÿ¡∑—Èß ‘Èπ 4 §√—Èß ·≈–√“¬ß“πµàÕ §≥–°√√¡°“√∫√‘…—∑œ ´÷Ëß‰¥â¡Õ∫À¡“¬„Àâ§≥–°√√¡°“√ µ√«® Õ∫¡’ À πâ “ ∑’Ë æ‘ ® “√≥“·≈–¥”‡π‘ π °“√µ“¡Õ”π“® Àπâ “ ∑’Ë ∑’Ë °”Àπ¥‰«â ‚ ¥¬‡©æ“–Õ¬à “ ß¬‘Ë ß „π‡√◊Ë Õ ß°“√ Õ∫∑“π√“¬ß“π∑“ß°“√‡ß‘πÕ¬à“ß∂Ÿ°µâÕß·≈–‡æ’¬ßæÕ √«¡ ∑—È ß °“√ Õ∫∑“π√–∫∫°“√§«∫§ÿ ¡ ¿“¬„π (internal control) ·≈–°“√µ√«® Õ∫¿“¬„π (internal audit) ∑’Ë ‡À¡“– ¡·≈–¡’ª√– ‘∑∏‘¿“æ

The Audit Committee meets on a regular basis. In 2006, there were 4 meetings, after which the Audit Committee accordingly made reports to the Board of Directors of the subjects determined as the powers and duties of the Audit Committee. In particular the review of the financial statements to ensure they were presented correctly and fairly stated and the confirmation that the companyûs internal control and internal audit systems are appropriate and efficient.

∑’Ë √“¬™◊ËÕ 1. π“¬ππ∑æ≈ π‘Ë¡ ¡∫ÿ≠ 2. æ≈‡Õ°«‘π—¬ ¿—∑∑‘¬°ÿ≈ 3. ¥√. √Õßæ≈ ‡®√‘≠æ—π∏ÿå

®”π«π§√—Èß∑’Ë‡¢â“ª√–™ÿ¡ 4/4 3/4 3/4

3.12.2 §≥–°√√¡°“√®—¥ √√„∫ ”§—≠· ¥ß ‘∑∏‘ µ“¡¡µ‘ ∑’Ë ª √–™ÿ ¡ §≥–°√√¡°“√∫√‘ …— ∑ œ ‡¡◊Ë Õ «— π ∑’Ë 27 ¡‘∂ÿπ“¬π 2546 Õπÿ¡—µ‘„Àâ‡ª≈’Ë¬π·ª≈ß§≥–°√√¡°“√ ®— ¥ √√‚§√ß°“√ÕÕ°„∫ ”§— ≠ · ¥ß ‘ ∑ ∏‘ ∑’Ë ® –´◊È Õ Àÿâ π “¡— ≠ ¢Õß∫√‘ …— ∑ œ ®“°°“√°”Àπ¥‚¥¬µ— « ∫ÿ § §≈¡“ ‡ªì π °“√°”Àπ¥‚¥¬µ”·Àπà ß ¢Õß°√√¡°“√·∑π ª√–°Õ∫‰ª¥â«¬°√√¡°“√¢Õß∫√‘…—∑œ ∑’Ë¡’µ”·Àπàß¥—ßπ’È * ª√–∏“π°√√¡°“√ * ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√·≈–°√√¡°“√ºŸâ®—¥°“√„À≠à * °√√¡°“√°≈ÿà¡∑’Ë 1 ´÷Ëß‡ªìπºŸâ·∑π°√√¡°“√°≈ÿà¡∫√‘…—∑ §“ ‘‚πª√–®”¿“§æ◊Èπ‡Õ‡™’¬

Names

Frequencies of joining the meeting 1.Mr. Nontaphon Nimsomboon 4/4 2.General Winai Phattiyakul 3/4 3.Dr. Rongphol Charoenphandhu 3/4

3.12.2 The Stock Option Awards Committee The stock option awards committee was appointed by the resolution of the Board of Directorsû Meeting on June 27, 2003. The Board of Directors has approved the new criteria for appointing the Stock Option Awards Committee, going from appointing by individual to appointing by position. The new Stock Option Awards Committee members are as follows: * Chairman of the Board * Chief Executive Officer & President * Director in Group 1, who is the representative of the Casino Group

ª√–∏“π§≥–°√√¡°“√µ√«® Õ∫ °√√¡°“√µ√«® Õ∫ °√√¡°“√µ√«® Õ∫

* π“¬ππ∑æ≈ π‘Ë¡ ¡∫ÿ≠ * æ≈‡Õ°«‘π—¬ ¿—∑∑‘¬°ÿ≈ * ¥√. √Õßæ≈ ‡®√‘≠æ—π∏ÿå

3.12.3 §≥–°√√¡°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ §≥–°√√¡°“√∫√‘…—∑œ µ√–Àπ—°∂÷ß§«“¡ ”§—≠·≈– ®”‡ªìπ¢Õß°“√°”°—∫¥Ÿ·≈°‘®°“√µàÕ°“√¥”‡π‘π∏ÿ√°‘®·°à ºŸâ ∂◊ Õ Àÿâ π „π√–¬–¬“« ®÷ ß ‰¥â ºà “ π§«“¡‡ÀÁ π ™Õ∫Õπÿ ¡— µ‘ „Àâ·µàßµ—Èß ç§≥–°√√¡°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’é µ—Èß·µà ª≈“¬‡¥◊Õπ∏—π«“§¡ 2549 ‚¥¬¡Õ∫À¡“¬„Àâª√–∏“π °√√¡°“√‡ªìπºŸâ√—∫º‘¥™Õ∫¥”‡π‘π°“√¥—ß°≈à“« ¥â«¬°“√ °”Àπ¥π‚¬∫“¬·≈–∑‘ » ∑“ß°“√¥”‡π‘ π ß“π¢Õß ∫√‘ …— ∑ ¿“¬„µâ ° √Õ∫¢â Õ °”Àπ¥¢Õß°“√°”°— ∫ ¥Ÿ · ≈ °‘ ® °“√∑’Ë ¥’ · ≈– à ß ‡ √‘ ¡ „Àâ æ π— ° ß“π¢Õß∫√‘ …— ∑ œ¡’ § «“¡ √—∫º‘¥™Õ∫µàÕÀπâ“∑’Ë·≈–¿“√°‘®∑’Ë‰¥â√—∫¡Õ∫À¡“¬Õ¬à“ß ¡’ ª √– ‘ ∑ ∏‘ ¿ “æÕ¬à “ ß‡µÁ ¡ °”≈— ß §«“¡ “¡“√∂∑—È ß π’È ‡ æ◊Ë Õ ‡ªìπ°“√ √â“ß§«“¡‡™◊ËÕ¡—Ëπ„Àâ·°àºŸâ∂◊ÕÀÿâπ ºŸâ≈ß∑ÿπ ·≈– ºŸâ¡’ à«π‰¥â‡ ’¬∑—ÈßÀ≈“¬ ‚¥¬¡’π‚¬∫“¬À≈—° ¥—ßπ’È (1) °”°—∫¥Ÿ·≈°“√¥”‡π‘π°‘®°“√¢Õß∫√‘…—∑œ¿“¬„µâ À≈—°‡°≥±å·≈–·π«ªØ‘∫—µ‘∑’Ë¥’ ”À√—∫∫√‘…—∑®¥∑–‡∫’¬π ‚¥¬¡’‡π◊ÈÕÀ“À≈—° 5 À¡«¥ ¥—ßπ’È * ‘∑∏‘¢ÕßºŸ∂â Õ◊ Àÿπâ * °“√ªØ‘‘∫—µ‘µàÕºŸâ∂◊ÕÀÿâπÕ¬à“ß‡∑à“‡∑’¬¡°—π * ∫∑∫“∑¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬ * °“√‡ªî¥‡º¬¢âÕ¡Ÿ≈·≈–§«“¡‚ª√àß„ * §«“¡√—∫º‘¥™Õ∫¢Õß§≥–°√√¡°“√ (2) æ‘ ® “√≥“·≈–°”Àπ¥¢—È π µÕπ„π°“√æ— ≤ π“°“√ °”°— ∫ ¥Ÿ · ≈°‘ ® °“√∑’Ë ¥’ · ≈–‡ πÕ¢â Õ ·π–π”µà Õ §≥– °√√¡°“√∫√‘ …— ∑ „π°“√Õπÿ ¡— µ‘ ¥”‡π‘ π °“√Õ¬à “ ß‡ªì π √Ÿª∏√√¡ (3) „π¢≥–∑’Ë∫√‘…—∑œ ¬—ß‰¡à¡’°“√·µàßµ—Èß§≥–°√√¡°“√ √√À“·≈–°”Àπ¥§à“µÕ∫·∑π „Àâ§≥–°√√¡°“√°”°—∫ ¥Ÿ·≈°‘®°“√∑’Ë¥’ ¡’Àπâ“∑’Ë„π°“√¥”‡π‘π°“√¥—ßπ’È (3.1) æ‘®“√≥“°”Àπ¥¢—ÈπµÕπ·≈–π‚¬∫“¬„π°“√ §—¥‡≈◊Õ°·≈– √√À“°√√¡°“√·≈–°√√¡°“√ºŸâ ®—¥°“√„À≠à ‚¥¬¡’°√–∫«π°“√§—¥‡≈◊Õ°·≈– ‡ πÕ™◊ËÕ∫ÿ§§≈ºŸâ∑√ß§ÿ≥«ÿ≤‘¡’®√‘¬∏√√¡·≈–¡’ §ÿ ≥ ¡∫— µ‘ ‡ À¡“– ¡ ‡æ◊Ë Õ π”‡ πÕ„Àâ § ≥– °√√¡°“√∫√‘ …— ∑ œæ‘ ® “√≥“·≈–π”‡ πÕ∑’Ë ª√–™ÿ ¡ ºŸâ ∂◊ Õ Àÿâ π æ‘ ® “√≥“Õπÿ ¡— µ‘ „ π°√≥’ √√À“ °√√¡°“√ À√◊Õ°”Àπ¥·ºπ°“√§—¥‡≈◊Õ°µ”·Àπàß∑’Ë µâ Õ ß ° “ √ § « “ ¡ ‡ ™’Ë ¬ « ™ “ ≠ ‡ © æ “ – ¥â “ π · ≈ – °√√¡°“√ºŸâ®—¥°“√„À≠à

3.12.3 Good Corporate Governance Committee The Companyûs Board of Directors has realized the importance and necessity of implementing a good corporate governance policy for the long-term benefit of the Companyûs business and shareholders, and has approved the establishment of the Good Corporate Governance Committee in late-December 2006. The Chairman was assigned to take responsibility for this by defining the Companyûs business policies and direction under the good corporate governance regulations and encouraging the Companyûs employees to perform their duties and assignments fully and effectively. The core policies are: (1)To implement the Companyûs good corporate governance policy under appropriate rules and practices for listed companies in five major categories *Shareholdersû rights *Shareholders are treated equally *Stakeholdersû roles *Disclosure of information and transparency *The Board of Directorsû responsibilities (2) To consider and determine the process of developing a good corporate governance system and present tangible recommendations to the Companyûs Board of Directors for approval (3) While the Remuneration and Nomination Committee has not been established, the Good Corporate Governance Committee is responsible for (3.1) Determining the selection procedures and policy for directors and the president. Potential persons who are ethical and possess appropriate qualifications will be nominated to the Companyûs Board of Directors for further consideration and then forwarded to the shareholdersû meeting for approval when the selection of directors, specialists in particular areas or the president is needed.

(3.2)

æ‘ ® “√≥“π‚¬∫“¬·≈–√Ÿ ª ·∫∫°“√„Àâ º ≈ ª√–‚¬™πå µ Õ∫·∑π§≥–°√√¡°“√·≈– °√√¡°“√ºŸâ ®— ¥ °“√„À≠à „ Àâ Õ¥§≈â Õ ß°— ∫ °≈¬ÿ∑∏å„π°“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑œ √«¡∂÷ß °“√æ‘®“√≥“∑∫∑«π‚§√ß √â“ß·≈–√–∫∫°“√ ®à“¬ ·≈–Õ—µ√“§à“µÕ∫·∑π„Àâ Õ¥§≈âÕß°—∫ ¿“«–µ≈“¥

Specifying the remuneration policy for the directors and the president, given the Companyûs business strategy and reviewing the remuneration structure, payment and rates in order to suit market conditions.

3.13Internal Control and Internal Audit * The Company considers Internal Control to be a necessity, both for management and operations in order to ensure the efficiency of the organization. Therefore, the Company has clearly defined the duties and authorities for management, executives and operations in writing. The Company controls the utilization of assets which would most benefit the organization and has also separated the duties of the management from those persons responsible for business oversight and work assessment in order to ensure fairness and accuracy. In addition, there are internal controls relating to the financial system, whereby the Company has arranged for the financial and accounting reporting system to be presented directly to the responsible management. * The company appoints the internal audit department whose duties and responsibilities are to audit other departments in order to instill confidence that the Companyûs operations and financial activity, as well as its trading operations have been performed in the manner determined by the Board of Directors as most efficient. The same applies to performance in accordance with laws and regulations relating to the Company (compliance control). The internal audit department shall have a certain level of independence, therefore, enabling them to carry out their tasks in a satisfactory manner. The internal audit department currently reports to the Vice President of Accounting and Finance, Chief Executive Officer and the Audit Committee. * Risk Management The necessity for risk management has been determined by the Board of Directors. The Company determines and assesses business risks, standard protection and risk reduction arrangements at an acceptable level. These include all risks that may

3.13 √–∫∫°“√§«∫§ÿ¡·≈–°“√µ√«® Õ∫¿“¬„π * °“√§«∫§ÿ ¡ ·≈–°“√µ√«® Õ∫¿“¬„π∫√‘ …— ∑ œ ‰¥â „Àâ § «“¡ ”§— ≠ µà Õ √–∫∫°“√§«∫§ÿ ¡ ¿“¬„π∑—È ß „π¥â “ π °“√∫√‘ À “√ ·≈–¥â “ π°“√ªØ‘ ∫— µ‘ ß “π ‡æ◊Ë Õ º≈ß“π¥â “ π µà “ ßÊ∑’Ë ¡’ ª √– ‘ ∑ ∏‘ ¿ “æ∫√‘ …— ∑ œ‰¥â °”Àπ¥¿“√–Àπâ “ ∑’Ë Õ”π“®°“√¥”‡π‘π°“√¢ÕßºŸâªØ‘∫—µ‘ß“π ºŸâ∫√‘À“√ ‰«â‡ªìπ ≈“¬≈—°…≥åÕ—°…√Õ¬à“ß™—¥‡®π ¡’°“√§«∫§ÿ¡¥Ÿ·≈°“√„™â ∑√— æ ¬å ‘ π ¢Õß∫√‘ …— ∑ œ„Àâ ‡ °‘ ¥ ª√–‚¬™πå · ≈–¡’ ° “√·∫à ß ·¬°Àπâ“∑’ËºŸâªØ‘∫—µ‘ß“π ºŸâµ‘¥µ“¡·≈–ª√–‡¡‘πº≈ÕÕ° ®“°°— π ‡æ◊Ë Õ „Àâ ‡ °‘ ¥ °“√∂à « ß¥ÿ ≈ ·≈– Õ∫¬— π √–À«à “ ß°— π Õ¬à“ß‡À¡“– ¡ πÕ°®“°π’È ¬—ß¡’°“√§«∫§ÿ¡¿“¬„π∑’Ë ‡°’Ë¬«°—∫√–∫∫ß“π¥â“π°“√‡ß‘π ‚¥¬∫√‘…—∑œ‰¥â®—¥„Àâ¡’ √–∫∫√“¬ß“π∑“ß°“√‡ß‘π·≈–∫—≠™’ ‡ πÕµàÕºŸâ∫√‘À“√ „π “¬ß“π∑’Ë√—∫º‘¥™Õ∫ ∫√‘…—∑œ ®—¥µ—ÈßΩÉ“¬µ√«® Õ∫¿“¬„π∑”Àπâ“∑’Ëµ√«® Õ∫ß“π¥â “ πµà “ ßÊ ‡æ◊Ë Õ „Àâ ¡—Ë π „®«à “ °“√ªØ‘ ∫— µ‘ ß “π À≈—°·≈–°‘®°√√¡∑“ß°“√‡ß‘π ·≈–∑“ß°“√§â“ ∑’Ë ”§—≠ ¢Õß∫√‘ …— ∑ œ‰¥â ¥”‡π‘ π °“√‰ªµ“¡·π«∑“ß∑’Ë § ≥– °√√¡°“√°”Àπ¥Õ¬à “ ß¡’ ª √– ‘ ∑ ∏‘ ¿ “æ √«¡∂÷ ß µ√«® Õ∫°“√ªØ‘∫—µ‘µ“¡°ÆÀ¡“¬·≈–¢âÕ°”Àπ¥∑’Ë‡°’Ë¬«¢âÕß °—∫∫√‘…—∑œ (compliance control) Àπà«¬ß“πµ√«® Õ∫ ¿“¬„π¡’ § «“¡‡ªì π Õ‘ √–„π√–¥— ∫ Àπ÷Ë ß ·≈– “¡“√∂∑” Àπâ “ ∑’Ë µ √«® Õ∫·≈–∂à « ß¥ÿ ≈ ‰¥â æ Õ ¡§«√ ΩÉ “ ¬ µ√«® Õ∫¿“¬„π ªí®®ÿ∫π— √“¬ß“πº≈°“√µ√«® Õ∫ºà“π√Õß °√√¡°“√ºŸâ®—¥°“√ΩÉ“¬∫—≠™’°“√‡ß‘π°√√¡°“√ºŸâ®—¥°“√ ∫√‘…—∑œ ·≈–°√√¡°“√µ√«® Õ∫ * °“√∫√‘À“√§«“¡‡ ’Ë¬ß §≥–°√√¡°“√∫√‘ …— ∑ œ‰¥â „ Àâ § «“¡ ”§— ≠ ‡°’Ë ¬ «°— ∫ °“√∫√‘ À “√§«“¡‡ ’Ë ¬ ßÕ¬à “ ß¡“° ∫√‘ …— ∑ œ‰¥â ¡’ ° “√ °”Àπ¥·≈–ª√–‡¡‘ π §«“¡‡ ’Ë ¬ ß¢Õß°‘ ® °“√¡’ ° “√ °”Àπ¥¡“µ√∞“π°“√ªÑÕß°—π·≈–®—¥°“√≈¥§«“¡‡ ’Ë¬ß „Àâ Õ ¬Ÿà „ π√–¥— ∫ ∑’Ë ‡ À¡“– ¡´÷Ë ß √«¡∂÷ ß §«“¡‡ ’Ë ¬ ß∑’Ë ¡’ º ≈ µà Õ °“√¥”‡π‘ π ß“π¢Õß∫√‘ …— ∑ œ¡’ ° “√°”°— ∫ ¥Ÿ · ≈ªØ‘ ∫— µ‘ µ“¡°ÆÀ¡“¬·≈–¢âÕ°”Àπ¥∑’Ë‡°’Ë¬«¢âÕß

(3.2)

3.14 √“¬ß“π¢Õß§≥–°√√¡°“√ §≥–°√√¡°“√∫√‘…—∑œ ‡ªìπºŸâ√—∫º‘¥™Õ∫µàÕß∫°“√ ‡ß‘π√«¡¢Õß∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬·≈– “√ π‡∑»∑“ß°“√ ‡ß‘π∑’Ëª√“°Ø„π√“¬ß“πª√–®”ªïß∫°“√‡ß‘π¥—ß°≈à“«®—¥∑” ¢÷πÈ µ“¡¡“µ√∞“π°“√∫—≠™’∑√’Ë ∫— √Õß∑—«Ë ‰ª„πª√–‡∑»‰∑¬ ´÷ßË Õ¥§≈âÕß°—∫¡“µ√∞“π°“√∫—≠™’ “°≈‡ªìπ à«π„À≠à‚¥¬ ‡≈◊ Õ °„™â π ‚¬∫“¬∫— ≠ ™’ ∑’Ë ‡ À¡“– ¡ ·≈–∂◊ Õ ªØ‘ ∫— µ‘ Õ ¬à “ ß ¡Ë”‡ ¡Õ„™â¥ÿ≈¬æ‘π‘®Õ¬à“ß√–¡—¥√–«—ß ·≈–ª√–¡“≥°“√∑’Ë¥’ ∑’Ë ÿ ¥ „π°“√®— ¥ ∑” √«¡∑—È ß ¡’ ° “√‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ ”§— ≠ Õ¬à“ß‡æ’¬ßæÕ„πÀ¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π §≥–°√√¡°“√‰¥â®—¥„Àâ¡’°“√¥”√ß√—°…“‰«â´÷Ëß√–∫∫ §«∫§ÿ ¡ ¿“¬„π∑’Ë ¡’ ª √– ‘ ∑ ∏‘ º ≈‡æ◊Ë Õ „Àâ ¡—Ë π „®‰¥â Õ ¬à “ ß¡’ ‡Àµÿ º ≈«à “ °“√∫— π ∑÷ ° ¢â Õ ¡Ÿ ≈ ∑“ß∫— ≠ ™’ ¡’ § «“¡∂Ÿ ° µâ Õ ß §√∫∂â « π ·≈–‡æ’ ¬ ßæÕ∑’Ë ® –¥”√ß√— ° …“‰«â ´÷Ë ß ∑√— æ ¬å ‘ π · ≈ – ‡ æ◊Ë Õ „ Àâ ∑ √ “ ∫ ®ÿ ¥ Õà Õ π ‡ æ◊Ë Õ ªÑ Õ ß °— π ‰ ¡à „ Àâ ‡ °‘ ¥ °“√∑ÿ®√‘µÀ√◊Õ°“√¥”‡π‘π°“√∑’Ëº‘¥ª°µ‘Õ¬à“ß¡’ “√– ”§—≠ „π°“√π’È §≥–°√√¡°“√∫√‘…—∑œ ‰¥â·µàßµ—Èß§≥– °√√¡°“√µ√«® Õ∫´÷Ëßª√–°Õ∫¥â«¬°√√¡°“√Õ‘ √–∑’Ë‰¡à ‡ªì π ºŸâ ∫ √‘ À “√¡“‡ªì π ºŸâ ¥Ÿ · ≈√— ∫ º‘ ¥ ™Õ∫‡°’Ë ¬ «°— ∫ §ÿ ≥ ¿“æ ¢Õß√“¬ß“π∑“ß°“√‡ß‘ π ·≈–√–∫∫§«∫§ÿ ¡ ¿“¬„π ·≈– §«“¡‡ÀÁ π ¢Õß§≥–°√√¡°“√µ√«® Õ∫‡°’Ë ¬ «°— ∫ ‡√◊Ë Õ ßπ’È ª√“°Ø„π√“¬ß“π¢Õß§≥–°√√¡°“√µ√«® Õ∫´÷Ëß· ¥ß ‰«â„π√“¬ß“πª√–®”ªï·≈â« §≥–°√√¡°“√∫√‘…—∑œ¡’§«“¡ ‡ÀÁπ«à“√–∫∫§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑œ ‚¥¬√«¡Õ¬Ÿà„π √–¥—∫∑’Ëπà“æÕ„® ·≈– “¡“√∂ √â“ß§«“¡‡™◊ËÕ¡—ËπÕ¬à“ß¡’ ‡Àµÿº≈µàÕ§«“¡‡™◊ÕË ∂◊Õ‰¥â¢Õß√–∫∫°“√‡ß‘π¢Õß∫√‘…∑— œ ·≈– ∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549

have an impact on the operation of the Company. The Company maintains control and supervision over performance in accordance with all relevant legal issues and regulations. 3.14 The Board of Directorsû Report The Board of Directors is responsible for the financial statements of the Company and its subsidiaries, including any technical financial information presented in the Annual Report. The financial statement was prepared in accordance with the accounting standards as generally accepted in Thailand, which is also compliant with major international accounting standards. The Company chooses the appropriate accounting policy and follows its performance regularly. The Company also uses precautionary measures for discretion and estimation of such arrangements, which include adequate disclosures and necessary information in the notes to financial statements. The Board of Directors monitors the efficiency of the internal audit control system in order to be reasonably confident that accounting records are accurate, thorough, complete and able to adequately capture the companyûs assets. The outcome will show any weaknesses, as well as protect the Company from dishonest or inappropriate behavior. As such, the Board of Directors of the Company has appointed an Audit Committee consisting of the Independent Directors who are not Executives. The Audit Committees shall have responsibilities relating to the quality of the Financial Statements and Internal Control System. The opinion of the Audit Committee with regards to this subject shall be stipulated in the report of the Audit Committee as shown in the Annual Report. It is the opinion of the Board of Directors that, in general, the Internal Control System of the Company has achieved an appropriate level and is reasonably confident in the accounting system of the company and its subsidiaries as recorded on December 31, 2006.

ªï/®”π«π§√—ßÈ 2549 2548 †2547

æ∫ª–°—∫ π—°«‘‡§√“–Àå 4 4 4

æ∫ª–°—∫ π—°≈ß∑ÿπ 4 4 4

Year/frequencies Meeting with analysts 2006 2005 †2004

4 4 4

°“√„Àâ —¡¿“…≥å·°à Àπ—ß ◊Õæ‘¡æå·≈–∑’«’ 4 4 4

√«¡ 16 16 16

3.15 Relations with Investors As the Company is a listed company, the Board of Directors realizes that the Companyûs information relating to financial or non-financial issues has an impact on the decision-making process of an investor and any interested person of the Company. Hence, the Board has instructed executives to disclose any related information in an accurate an complete manner, and in a regular and timely manner. The Companyûs Executives also follow the same ethical work practices. Although the Company has not yet established a special division for managing investor relations, the Company meanwhile has authorized Ms. Rumpa Kumhomreun, the Chief Financial Officer and Vice President, Accounting and Finance, to act on behalf of the Company, in communications with any investor, institutional investor, shareholder, including any analyst and governmental institution. While an activity concerning investor relations has rarely occurred at present, an interested investor is able to request any information which is able to be disclosed by the company, by telephone at:0-2655-0666 ext.4062 or via e-mail at: kurumpa@bigc.co.th. Miss Jariya Chirathivat, Vice President, Marketing Communications, is responsible for providing information via television, advertising media and print media and can be contacted by calling: 0-2655-0666 ext. 6716.

Meeting with investors

Presentations

4 4 4

Interviews with publications and televisions 4 4 4

Total 16 16 16

3.15 §«“¡ —¡æ—π∏å°—∫ºŸâ≈ß∑ÿπ „π∞“π–∑’Ë∫√‘…—∑œ ®¥∑–‡∫’¬πÕ¬Ÿà„πµ≈“¥À≈—°∑√—æ¬å §≥–°√√¡°“√∫√‘…—∑œ µ√–Àπ—°¥’«à“¢âÕ¡Ÿ≈∑’Ë‡°’Ë¬«¢âÕß °—∫∫√‘…—∑œ ∑—Èß∑’Ë‡°’Ë¬«°—∫°“√‡ß‘π ·≈–∑’Ë‰¡à‡°’Ë¬«°—∫°“√‡ß‘π ≈â « π¡’ º ≈µà Õ °√–∫«π°“√µ— ¥ ‘ π „®¢ÕßºŸâ ≈ ß∑ÿ π ·≈–ºŸâ ∑’Ë ¡’ à«π‰¥â à«π‡ ’¬¢Õß∫√‘…—∑œ ®÷ß‰¥â°”™—∫„ÀâΩÉ“¬∫√‘À“√ ¥”‡π‘π°“√„π‡√◊ËÕß∑’Ë‡°’Ë¬«°—∫°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈∑’Ë∂Ÿ°µâÕß §√∫∂â « π∑— π ‡«≈“´÷Ë ß ΩÉ “ ¬∫√‘ À “√¢Õß∫√‘ …— ∑ œ‰¥â „ Àâ §«“¡ ”§—≠·≈–¬÷¥∂◊ÕªØ‘∫—µ‘¡“‚¥¬µ≈Õ¥ „π à«π¢Õßß“π ¥â“ππ—°≈ß∑ÿπ —¡æ—π∏åπ—Èπ §ÿ≥√”¿“ §”ÀÕ¡√◊Ëπ µ”·Àπàß √Õßª√–∏“πΩÉ“¬∫—≠™’°“√‡ß‘π √—∫º‘¥™Õ∫„π°“√µ‘¥µàÕ ◊ËÕ “√°—∫π—°≈ß∑ÿπ ∂“∫—π ºŸâ∂◊ÕÀÿâπ √«¡∑—Èßπ—°«‘‡§√“–Àå ·≈–¿“§√—∞∑’‡Ë °’¬Ë «¢âÕßªí®®ÿ∫π— ºŸ≈â ß∑ÿπ “¡“√∂µ‘¥µàÕ¢Õ∑√“∫ ¢âÕ¡Ÿ≈∑’Ë∫√‘…—∑œ “¡“√∂‡ªî¥‡º¬‰¥â “¡“√∂µ‘¥µàÕ‰¥â∑’Ë À¡“¬‡≈¢‚∑√»—æ∑å 0-2655-0666 µàÕ 4062 À√◊Õ∑’Ë E-mail Address : kurumpa@bigc.co.th à«π §ÿ≥®√‘¬“ ®‘√“∏‘«—≤πå µ”·Àπàß√Õßª√–∏“πΩÉ“¬°“√µ≈“¥·≈– °“√ ◊ËÕ “√ √— ∫ º‘ ¥ ™Õ∫„π°“√„Àâ ¢â Õ ¡Ÿ ≈ ¢à “ « “√ºà “ π ◊Ë Õ ‚∑√∑—»πå ◊ËÕ‚¶…≥“·≈– ‘Ëßæ‘¡æåµà“ßÊ “¡“√∂µ‘¥µàÕ‰¥â∑’Ë À¡“¬‡≈¢‚∑√»—æ∑å 0-2655-0666 µàÕ6716

°“√π”‡ πÕ (Presentations) 4 4 4

∫√‘ …— ∑ œæ¬“¬“¡∑’Ë ® –‡ªî ¥ ‡º¬¢â Õ ¡Ÿ ≈ ºà “ π™à Õ ß∑“ß À≈“¬Ê™à Õ ß∑“ß‡æ◊Ë Õ ‡ªì π ∑“ß‡≈◊ Õ ° ·≈–‡ªì π °“√ °√–®“¬¢â Õ ¡Ÿ ≈ „Àâ · °à ºŸâ ¡’ à « π‡°’Ë ¬ «¢â Õ ß„Àâ ¡ “°∑’Ë ÿ ¥ µ“¡√“¬≈–‡Õ’¬¥π’È * ° “ √ ®— ¥ ∑” ‡ Õ ° “ √ Õ ∏‘ ∫ “ ¬ º ≈ ° “ √ ¥” ‡ π‘ π ß “ π (Management Discussion and Analysis - MD&A) ‚¥¬ àßºà“π ◊ËÕ ELCID ‡ªìπ√“¬‰µ√¡“ * °“√®—¥ Investor Presentation ·∂≈ß¢à“«º≈ª√–°Õ∫°“√ „Àâ °— ∫ π— ° ≈ß∑ÿ π ∂“∫— π ·≈–π— ° «‘ ‡ §√“–Àå ∑ÿ ° ‰µ√¡“ * °“√®— ¥ Press Conference ·∂≈ß¢à “ «º≈ª√–°Õ∫°“√ „Àâ°—∫π—°¢à“«·≈– ◊ËÕ ‘Ëßæ‘¡æåµà“ßÊ∑ÿ°‰µ√¡“ * °“√‡º¬·æ√à ¢à “ « “√„Àâ π— ° ≈ß∑ÿ π ∑√“∫‡ªì π ª√–®” ∑ÿ°‰µ√¡“ ‡™àπ ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π√“¬ß“πª√–®”ªï ·∫∫· ¥ß√“¬°“√¢â Õ ¡Ÿ ≈ ª√–®”ªï (Form 56-1) ¢à“« “√·®âßµ≈“¥À≈—°∑√—æ¬å œ≈œ ºà“π∑“ß‡«Á∫‰´µå www.bigc.co.th * °“√‡ªî ¥ ‚Õ°“ „Àâ π— ° ≈ß∑ÿ π ∂“∫— π ·≈–π— ° «‘ ‡ §√“–Àå ‰¥âæ∫ºŸâ∫√‘À“√ (Company Visit) ‡æ◊ËÕ Õ∫∂“¡¢âÕ¡Ÿ≈ §«“¡§◊∫Àπâ“¢Õß°“√¥”‡π‘πß“π¢Õß∫√‘…—∑œ ·≈–∏ÿ√°‘® §â“ª≈’°

4. °“√¥Ÿ·≈‡√◊ËÕß°“√„™â¢âÕ¡Ÿ≈¿“¬„π ∫√‘…—∑œ ¡’π‚¬∫“¬·≈–«‘∏’°“√ªÑÕß°—π ‡æ◊ËÕ‰¡à„Àâ æπ—°ß“ππ”¢âÕ¡Ÿ≈¿“¬„π¢Õß∫√‘…—∑‰ª„™â‡æ◊ËÕª√–‚¬™πå à«πµπ ¥—ßπ’È 4.1 °”Àπ¥π‚¬∫“¬°“√§«∫§ÿ ¡ °“√„™â ¢â Õ ¡Ÿ ≈ ·≈– °«¥¢—π„Àâæπ—°ß“π∑ÿ°√–¥—∫µ—Èß·µàºŸâ∫√‘À“√√–¥—∫ Ÿß≈ß¡“ ªØ‘∫—µ‘µ“¡«‘∏’°“√§«∫§ÿ¡π—ÈπÕ¬à“ß‡¢â¡ß«¥ ‡™àπ „π¥â“π °“√§«∫§ÿ¡¢âÕ¡Ÿ≈ “√ π‡∑»‡æ◊ËÕªÑÕß°—π°“√≈—°≈Õ∫„™â ¢âÕ¡Ÿ≈∑’ËÕ¬Ÿà„π√–∫∫ “√ π‡∑»π—Èπ ∫√‘…—∑œ ‰¥â°”Àπ¥„Àâ æπ— ° ß“π„™â ¢â Õ ¡Ÿ ≈ ‰¥â ‡ ©æ“–ºŸâ ∑’Ë ‰ ¥â √— ∫ Õπÿ ≠ “µ‡∑à “ π—È π ‚¥¬®–°”Àπ¥‡ªìπ√À— ºà“π·≈–‡¢â¡ß«¥‡°’Ë¬«°—∫°“√„™â √À— ºà “ ππ—È π ¥â « ¬‡æ◊Ë Õ §«∫§ÿ ¡ ‘ ∑ ∏‘ „ π°“√‡¢â “ ∂÷ ß √–∫∫ ¢âÕ¡Ÿ≈ 4.2 Õ∫∑“π√“¬ß“π°“√∂◊ Õ §√ÕßÀ≈— ° ∑√— æ ¬å ¢ Õß ºŸâ∫√‘À“√∑’Ë‰¥âπ” àßµàÕµ≈“¥À≈—°∑√—æ¬åœ·≈– ”π—°ß“π °≈µ.∑ÿ°§√—Èß∑’Ë¡’°“√´◊ÈÕ¢“¬À≈—°∑√—æ¬å ‡æ◊ËÕ¥Ÿ«à“¡’°“√ ´◊ÈÕ¢“¬À≈—°∑√—æ¬å∑’Ëº‘¥ª°µ‘Õ—πÕ“®‡π◊ËÕß¡“®“°°“√π” ¢âÕ¡Ÿ≈¿“¬„π‰ª„™â ‚¥¬‡©æ“–„π™à«ßÀπ÷Ëß‡¥◊Õπ°àÕπ∑’Ë ß∫°“√‡ß‘π¢Õß∫√‘…—∑œ ®–‡º¬·æ√àµàÕ “∏“√≥–

The Company is prepared to reveal its information via a diverse range of channels to provide more alternatives and ensure comprehensive information disclosure to all stakeholders. Information disclosure includes: * Prepare papers on Management Discussion and Analysis (MD&A) and forward via ELCID on a quarterly basis. * Provide Investor Presentation to present the Companyûs performance for institutional investors and analysts every quarter. * Hold a quarterly press conference to announce the Companyûs performance for the media. * Communicate with investors about the Companyûs information including financia Information, annual report, annual information disclosure form (Form 56-1) and news for the Stock Exchange of Thailand on www.bigc.co.th. * Provide institutional investors and analysts with Company visits to meet and discuss with the Companyûs management about the progress of the Companyûs operation and the retailing business.

4. Internal Data Control The company applies the following strategies and prevention criteria to prevent employees from using inside information for personal benefit: 4.1 To apply an Internal Data Control Policy and making sure that every employee follows the policy strictly. This includes the protection of the information technology system in order to prevent clandestine use of the data. As a result, the Company only allows authorized persons to obtain access to the information by providing a password to the authorized persons, who must in turn strictly and carefully utilize the password to prevent access to the data by unauthorized persons. 4.2 To review the Executiveûs security holdings report that requires submission to the SET and SEC any time a security transaction has been made. That is to observe uncommon security transactions resulting from the use of internal data for personal benefit, especially during the one-month period prior to the issuance of the Companyûs financial statements to public.

4.3 °”Àπ¥‡ªì π ¡“µ√°“√≈ß‚∑… À“°∫√‘ …— ∑ œ æ∫«à “ 4.3 To determine punitive measures if the Company æπ— ° ß“πºŸâ „ ¥‰¥â π”¢â Õ ¡Ÿ ≈ ¿“¬„π¢Õß∫√‘ …— ∑ œ ‰ª„™â ‡ æ◊Ë Õ discovers that any internal information is used for personal ª√–‚¬™πå à«πµπ benefit. Our People In 2006, total remunerations including salaries, bonuses, contributions to the provident fund and social insurance programs and others, paid to the Company and its subsidiariesû employees were 2,385,698,000 baht. The total number of employees at the end of 2006 was 14,144 people including 13,356 store staff, 743 head office employees and 45 warehouse employees. For staff development, the Company is focused on enhancing the capacity of its manpower with an objective to enable its employees to be well prepared for increased competition in the industry. Manpower development is divided into several levels including: 1. Executives - focus on the enhancement of skills in the areas of leadership, management and visionary capability that are necessary in the retailing industry 2. Managers - emphasize the development of supervisory skills, elementary management knowledge, teamwork and particular specializations such as the knowledge about freshfood 3. Employees - concentrate on enhancement of knowledge and skills in the areas of the business in which they are involved and creation of good corporate attitudes. All staff are well prepared for promotions to the higher levels. Staff training and development is supported via many projects or activities to encourage all levels of employees to be engaged in enhancing their skills to respond to the more severe competition in the Thai retailing industry. In addition to staff development, the Company has closely worked with the Vocational Education Commission (VEC) to implement the Dual Vocational Training (DVT) program with an objective to provide vocational students majoring in the retailing business with an opportunity to

∫ÿ§≈“°√ „π√Õ∫ªï 2549 æπ—°ß“π¢Õß∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬‰¥â √—∫§à“µÕ∫·∑π´÷Ëßª√–°Õ∫¥â«¬ ‡ß‘π‡¥◊Õπ ‚∫π— ‡ß‘π ¡∑∫ °Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ ‡ß‘π ¡∑∫°Õß∑ÿπª√–°—π —ß§¡·≈– §à“µÕ∫·∑πÕ◊πË Ê ‡ªìπ®”π«π‡ß‘π√«¡∑—ßÈ ‘πÈ 2,385,698,000 ∫“∑ ‚¥¬„π ‘Èπªï 2549 ∫√‘…—∑·≈–∫√‘…—∑¬àÕ¬¡’®”π«π æπ—°ß“π∑—Èß ‘Èπ 14,144 §π ª√–°Õ∫¥â«¬æπ—°ß“πª√–®” “¢“ 13,356 §π æπ—°ß“π ”π—°ß“π„À≠à 743 §π ·≈– æπ—°ß“πª√–®”»Ÿπ¬å°√–®“¬ ‘π§â“ 45 §π ¥â“ππ‚¬∫“¬„π°“√æ—≤π“æπ—°ß“π ∫√‘…—∑¡’π‚¬∫“¬ °“√æ—≤π“∫ÿ§≈“°√ ‚¥¬¡’‡ªÑ“À¡“¬„Àâ∫ÿ§≈“°√¡’»—°¬¿“æ „π°“√ª√— ∫ µ— « ‡æ◊Ë Õ √Õß√— ∫ °“√·¢à ß ¢— π „π∏ÿ √ °‘ ® ´÷Ë ß ·∫à ß °“√ æ—≤π“„π√–¥—∫µà“ßÊ ‰¥â·°à √–¥—∫∫√‘À“√·≈–®—¥°“√ ¡ÿàß‡πâπ°“√æ—≤π“∑“ß¥â“π 1. »—°¬¿“æ§«“¡‡ªìπºŸâπ” °“√∫√‘À“√®—¥°“√·≈– «‘ —¬∑—»πå∑’Ë®”‡ªìπ ”À√—∫∏ÿ√°‘®§â“ª≈’° √–¥—∫À—«Àπâ“·ºπ° ‡πâπ°“√Õ∫√¡æ—≤π“„π¥â“π 2. Supervisory Skills ∑— ° …–°“√®— ¥ °“√‡∫◊È Õ ßµâ π °“√∑”ß“π‡ªìπ∑’¡ ·≈–§«“¡™”π“≠‡©æ“–∑“ß ‡™àπ §«“¡√Ÿâ„πß“πÕ“À“√ ¥ √–¥—∫æπ—°ß“π¡ÿàß‡πâπ§«“¡√Ÿâ§«“¡™”π“≠„πß“π∑’Ë ∑”√«¡∑—Èß°“√ √â“ß∑—»π§µ‘∑’Ë¥’µàÕ∫√‘…—∑ ‚¥¬∑ÿ° √–¥—∫µ”·Àπàßß“π ∫√‘…—∑¡’°“√‡µ√’¬¡§«“¡æ√âÕ¡ 3. ”À√—∫°“√‡≈◊ËÕπ¢—ÈπÀ√◊Õ‡≈◊ËÕπµ”·Àπàß πÕ°®“°π’È °“√Ωñ ° Õ∫√¡·≈–æ— ≤ π“∫ÿ § ≈“°√ ¬— ß ¡’ ° “√ π— ∫ πÿ π ‚¥¬«‘ ∏’ ° “√À√◊ Õ ‚§√ß°“√µà “ ßÊ ‡æ◊Ë Õ °√–µÿâ π „Àâ æ π— ° ß“π∑ÿ ° √–¥— ∫ µ◊Ë π µ— « ∑’Ë ® –¡’ § «“¡ “¡“√∂„π°“√·¢àß¢—π„π∏ÿ√°‘®§â“ª≈’° ‡™àπ ‚§√ß°“√ ∫√‘°“√∑’Ë‡ªìπ‡≈‘» ‡ªìπµâπ πÕ°®“°°“√æ—≤π“∫ÿ§≈“°√·≈â« ∫√‘…—∑œ ¬—ß‰¥â √à«¡¡◊Õ°—∫ ”π—°ß“π§≥–°√√¡°“√Õ“™’«»÷°…“ ®—¥ ç‚§√ß°“√ °“√®— ¥ °“√Õ“™’ « »÷ ° …“√–∫∫∑«‘ ¿ “§’ é ¢÷È π ‡æ◊Ë Õ „Àâ ° “√ π— ∫ πÿ π π— ° »÷ ° …“„πÀ≈— ° Ÿ µ √Õ“™’ « »÷ ° …“ “¢“∏ÿ √ °‘ ® §â “ ª≈’°‰¥â¡’‚Õ°“ Ωñ°Ωπ∑—°…–„π‚≈°¢Õß°“√∑”ß“π®√‘ß °“√ ‡ªî¥‚Õ°“ „Àâπ—°»÷°…“Ωñ°ß“π¿“§ƒ¥Ÿ√âÕπ °“√Ωñ°Õ∫√¡§√ŸÕ“®“√¬å ¿ “§ªØ‘ ∫— µ‘ „ π ∂“πª√–°Õ∫°“√ °“√®â “ ßß“π ™—«Ë §√“« ”À√—∫π—°»÷°…“ ·≈–°“√®—¥«‘∑¬“°√®“°∫√‘…∑— œ „Àâ §«“¡√Ÿâ‡√◊ËÕß§â“ª≈’°„π ∂“π»÷°…“ ‚¥¬∫√‘…—∑œ‰¥â‡√‘Ë¡¥”‡π‘π

°“√‚§√ß°“√¥—ß°≈à“«¡“µ—Èß·µà æ.».2543 ®π∂÷ßªí®®ÿ∫—π¡’ hone their skills in a real world setting. The program also π— ° »÷ ° …“‰¥â √— ∫ °“√Ωñ ° Õ∫√¡®“°‚§√ß°“√¥— ß °≈à “ «‡ªì π delivers summer on-the-job training for students, instore training for teachers, temporary employment for ®”π«π¡“° students and lectures on the retailing business in schools. Since its launch in 2000, a vast number of students have been enrolled in the DVT program.

5. °“√§«∫§ÿ¡¿“¬„π

5. Internal Controls

„π°“√ª√–™ÿ¡§≥–°√√¡°“√§√—Èß∑’Ë 8/2549 ‡¡◊ËÕ «—π∑’Ë 12 ∏—π«“§¡ 2549 ‚¥¬¡’°√√¡°“√µ√«® Õ∫®”π«π Õß∑à“π‡¢â“√à«¡ª√–™ÿ¡¥â«¬ §≥–°√√¡°“√‰¥âª√–‡¡‘π√–∫∫ °“√§«∫§ÿ¡¿“¬„π‚¥¬°“√Õπÿ¡—µ‘·∫∫ª√–‡¡‘π∑’ËΩÉ“¬∫√‘À“√ ®— ¥ ∑”·≈â « √ÿ ª ‰¥â «à “ ®“°°“√ª√–‡¡‘ π √–∫∫§«∫§ÿ ¡ ¿“¬„π¢Õß∫√‘…∑— œ ∑—ßÈ 5 à«π §◊Õ Õß§å°√·≈– ¿“æ·«¥≈âÕ¡ °“√∫√‘À“√§«“¡‡ ’Ë¬ß °“√§«∫§ÿ¡°“√ªØ‘∫—µ‘ß“π¢ÕßΩÉ“¬ ∫√‘À“√ √–∫∫ “√ π‡∑»·≈–°“√ ◊ËÕ “√¢âÕ¡Ÿ≈ ·≈–√–∫∫ °“√µ‘¥µ“¡ §≥–°√√¡°“√‡ÀÁπ«à“ ∫√‘…—∑œ ¡’√–∫∫°“√ §«∫§ÿ ¡ ¿“¬„π‡√◊Ë Õ ß°“√∑”∏ÿ √ °√√¡°— ∫ ºŸâ ∂◊ Õ Àÿâ π √“¬„À≠à °√√¡°“√ ºŸâ∫√‘À“√ À√◊ÕºŸâ∑’Ë‡°’Ë¬«¢âÕß°—∫∫ÿ§§≈¥—ß°≈à“« √«¡∂÷ß°“√§«∫§ÿ¡¿“¬„π‡√◊ËÕßÕ◊ËπÊ ¢Õß√–∫∫°“√§«∫§ÿ¡ ¿“¬„πÕ¬à“ß‡æ’¬ßæÕ·≈â« ‚¥¬§≥–°√√¡°“√µ√«® Õ∫‰¡à¡’ §«“¡‡ÀÁ π µà “ ß‰ª®“°§«“¡‡ÀÁ π ¢Õß§≥–°√√¡°“√ ∫√‘…—∑œ πÕ°®“°π’È„π√“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’‡°’Ë¬«°—∫ √–∫∫°“√§«∫§ÿ¡¿“¬„π¢Õß∫√‘…—∑œ æ∫«à“ ºŸâ Õ∫∫—≠™’‰¡à æ∫¢â Õ ∫°æ√à Õ ß∑’Ë ‡ ªì π “√– ”§— ≠ ¢Õß√–∫∫°“√§«∫§ÿ ¡ ¿“¬„π¥â“π∫—≠™’¢Õß∫√‘…—∑œ

At the Board of Directorsû Meeting No.8/2006 on December 12, 2006, there were two members of the Audit Committee attending the meeting. The Board of Directors reviewed the internal control system on the internal control questionnaire prepared by Executives. After reviewing the internal control system of the Company which is categorized into 5 areas-namely the organization and environment, risk management, monitoring of management operations, information technology and data communication systems, and monitoring systems› the meeting agreed that the internal control system of the Company regarding related transactions with major shareholders, directors and executives, or any related persons as well as other internal control systems are sufficient. The Audit Committee has agreed on every matter of the report of the Board of Directors. Furthermore, the auditor was unaware of any significant issues in accounting procedures related to the internal control of the Company.

ª√–∏“π°‘µµ‘¡»—°¥‘Ï·≈–§≥–°√√¡°“√∫√‘…—∑œ Honorary Chairman and Board of Directors 2. π“¬ ÿ∑∏‘™“µ‘ ®‘√“∏‘«—≤πå ª√–∏“π°√√¡°“√

Mr. Vanchai Chirathivat Honorary Chairman

Mr. Suthichart Chirathivat Chairman of the Board

3. π“¬‡∑’¬√’Ë ∫Ÿ‡™Õ√ß °√√¡°“√

4. π“¬∑» ®‘√“∏‘«—≤πå °√√¡°“√

5. π“¬¨Õß-¡‘‡™≈ ¥ŸÕ“‡¡≈ °√√¡°“√

6. π“¬‡«’¬¥ Œß ‚¥ °√√¡°“√

Mr. Thierry Bourgeron Director

Mr. Tos Chirathivat Director

Mr. Jean-Michel Duhamel Director

Mr. Viet Hung Do Director

7. π“¬®ÕÀåπ ‡´’¬π-´Ÿ ≈‘π °√√¡°“√

8. π“¬Õ’ø ·∫√å°π“√å ‡∫√∫ÁÕß °√√¡°“√,ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√ ·≈–°√√¡°“√ºŸâ®—¥°“√„À≠à

9. π“¬´“«‘‡¬√å ¡‘‡™≈ ¡“√’ ¨“§ ‡¥‚™·∫√å °√√¡°“√

10. π“¬™“√å§ ‚¥¡‘π‘§ ‡Õ¡“π °√√¡°“√

Mr. John Sian Zu-Lin Director

Mr. Yves Bernard Braibant Director,Chief Executive Officer & President

Mr. Xavier Michel Marie Jacques DESJOBERT

Director

Mr. Jacques Dominique Ehrmann Director

11. π“¬¨Õß-∫—øµ‘ ‡Õ¡‘π °√√¡°“√

12. π“¬ππ∑æ≈ π‘Ë¡ ¡∫ÿ≠ °√√¡°“√Õ‘ √–, ª√–∏“π°√√¡°“√µ√«® Õ∫

13. æ≈‡Õ° «‘π—¬ ¿—∑∑‘¬°ÿ≈ °√√¡°“√Õ‘ √–, °√√¡°“√µ√«® Õ∫

14. ¥√. √Õßæ≈ ‡®√‘≠æ—π∏ÿå °√√¡°“√Õ‘ √–, °√√¡°“√µ√«® Õ∫

Mr. Jean-Baptiste EMIN Director

Mr. Nontaphon Nimsomboon Independent Director, Chairman of the Audit Committee

General Winai Phattiyakul Independent Director, Member of Audit Committee

Dr. Rongphol Charoenphandhu Independent Director, Member of Audit Committee

1. π“¬«—π™—¬ ®‘√“∏‘«—≤πå ª√–∏“π°‘µµ‘¡»—°¥‘Ï

ºŸâ∫√‘À“√√–¥—∫ Ÿß Executive Officers (EXCOM) 1. π“¬Õ’ø ·∫√å°π“√å ‡∫√∫ÁÕß ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√·≈–°√√¡°“√ºŸâ®—¥°“√„À≠à

2. π“¬‡ø√‡¥√‘§ ∫Õ√å°Õ≈´å √Õßª√–∏“πºŸâ∫√‘À“√ΩÉ“¬ªØ‘∫—µ‘°“√

Mr. Yves Bernard Braibant Chief Executive Officer & President

Mr. Frederic Borgoltz Executive Vice President, Operations

3. π“ß “«√”¿“ §”ÀÕ¡√◊Ëπ √Õßª√–∏“πΩÉ“¬∫—≠™’·≈–°“√‡ß‘π

30 Miss Rumpa Kumhomreun CFO & Vice President, Accounting & Finance 5. π“¬‚∏¡— ·¡ —π π‘≈‡´àπ √Õßª√–∏“πÕ“«ÿ‚ ΩÉ“¬∑√—æ¬“°√¡πÿ…¬å

4. π“¬ª√–æ—π∏å ‡Õ’Ë¬¡√ÿàß‚√®πå √Õßª√–∏“πÕ“«ÿ‚ ΩÉ“¬æ—≤π“∏ÿ√°‘®·≈–Õ —ßÀ“√‘¡∑√—æ¬å

Mr. Praphan Eamrungroj Senior Vice President, Properties 6. π“¬‡Õ¡“πŸ‡Õ≈ °Ÿ‚√π √Õßª√–∏“πΩÉ“¬®—¥´◊ÈÕÕ“À“√·≈–æ—≤π“º≈‘µ¿—≥±å

Mr. Thomas Mason Nielsen Senior Vice President, Human Resources

Mr. Emmanuel Couronne Vice President, Food Merchandise & Private label

7. π“ß “«®√‘¬“ ®‘√“∏‘«—≤πå √Õßª√–∏“πΩÉ“¬°“√µ≈“¥·≈–°“√ ◊ËÕ “√

8. π“¬ø√Õß´—« Õ‡≈Á°´Õß‡¥√Õ– Œ‘¥“≈‚°â √Õßª√–∏“πΩÉ“¬ Supply Chain Management

Miss Jariya Chirathivat Vice President, Marketing & Communications

Mr. Francois Alexandre Hidalgo Vice President, Supply Chain Management

9. π“¬ª√–‡«∑¬å ª√ÿß·µàß°‘® √Õßª√–∏“πΩÉ“¬®—¥°“√√–∫∫¢âÕ¡Ÿ≈

10. π“ß “««√√≥«‘¡≈ »‘√‘«—≤πå‡«™°ÿ≈ √Õßª√–∏“πΩÉ“¬æ—≤π“∏ÿ√°‘®

Mr. Prawet Prungtangkij Vice President , MIS

Miss Wanwimol Siriwatwechakul Vice President, Business Development

¿“√°‘®¢Õß∫‘Í°´’ Big Cûs Mission Statement:

ç§ÿ≥‡ ¡◊Õπ‡ªìπÀπ÷Ëß„π ¡“™‘°¢Õß§√Õ∫§√—«¢Õß‡√“...§√Õ∫§√—«∫‘Í°´’é Every Customer is a Member of the Big C Family.

‚¥¬§à“π‘¬¡∑’Ë∫‘Í°´’¬÷¥∂◊Õ·≈–ªØ‘∫—µ‘‡æ◊ËÕ∫√√≈ÿ„π ¿“√°‘®¢Õß∫‘Í°´’ ‰¥â·°à §à“π‘¬¡∑’1 Ë *‡√“®–µâÕß‡ªìπÀπ÷Ëß„π°“√∫√‘°“√≈Ÿ°§â“ ·≈–‡ªìπºŸâπ”„π °“√π”‡ πÕ√“§“∑’Ë∂Ÿ°∑’Ë ÿ¥„πµ≈“¥ ‡æ√“–≈Ÿ°§â“¢Õß‡√“ ∑ÿ°§π¡’§«“¡ ”§—≠∑’Ë ÿ¥ ”À√—∫‡√“ §à“π‘¬¡∑’Ë 2 *‡√“®–µâÕß¡ÿàß¡—Ëπ‡√’¬π√Ÿâ·≈–Ωñ°Ωπ ‡æ◊ËÕπ”‰ªæ—≤π“ ‘Ëß∑’Ë ¥’∑’Ë ÿ¥„Àâ°—∫≈Ÿ°§â“¢Õß‡√“ §à“π‘¬¡∑’Ë 3 *‡√“®–ºπ÷°°”≈—ß ª√– “πß“π‡ªìπ∑’¡‡æ◊ËÕ¡ÿàß¡—Ëπ Ÿà§«“¡ ‡ªì π ´Ÿ ‡ ªÕ√å ‡ ´Á π ‡µÕ√å Õ— π ¥— ∫ Àπ÷Ë ß „πª√–‡∑»‰∑¬∑’Ë ¡ÿà ß √â“ß§«“¡æ÷ßæÕ„®„Àâ°—∫≈Ÿ°§â“ §à“π‘¬¡∑’Ë 4 *‡√“®–√à « ¡‡ªì π à « πÀπ÷Ë ß ¢Õß™ÿ ¡ ™π ·≈–®–¥Ÿ · ≈√— ° …“ ‘Ëß·«¥≈âÕ¡„π™ÿ¡™π∑’Ë‡√“Õ¬Ÿà

Big C will accomplish our mission by applying four company values: Big C Values Number 1: We will be the best in customer service and the leader in low prices because every single customer is the most important for us. Big C Values Number 2: We will transfer our knowledge and training through best practices to our customers. Big C Values Number 3: We will work as a team to be the No.1 supercenter in Thailand focusing on customer satisfaction. Big C Values Number 4: We will be a part of the community family and protect the environment around us.

§ÿ≥«ÿ≤‘∑“ß°“√»÷°…“·≈–ª√– ∫°“√≥å¢Õß°√√¡°“√·≈–ºŸâ∫√‘À“√√–¥—∫ Ÿß Education and Working Experience of Directors and Executive Officers

π“¬«—π™—¬ ®‘√“∏‘«—≤πå ª√–∏“π°‘µµ‘¡»—°¥‘Ï §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - ¥ÿ…Æ’∫≥ — ±‘µ°‘µµ‘¡»—°¥‘Ï (®‘µ«‘∑¬“) ¡À“«‘∑¬“≈—¬√“¡§”·Àß ª√– ∫°“√≥å : - ª√–∏“π∫√‘À“√,∫√‘…—∑„π‡§√◊Õ‡´Áπ∑√—≈ - ª√–∏“π°√√¡°“√∫√‘À“√ ∫√‘…—∑ ‚√ß·√¡‡´Áπ∑√—≈ æ≈“´à“ ®”°—¥ (¡À“™π) ‡§√◊ËÕß√“™Õ‘ √‘¬“¿√≥å : µ√‘µ¿√≥å™“â ß‡º◊Õ°(µ.™.) §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : æ’Ë™“¬ §ÿ≥ ÿ∑∏‘™“µ‘ ®‘√“∏‘«—≤πå æ’Ë™“¬ §ÿ≥®√‘¬“ ®‘√“∏‘«—≤πå Õ“ §ÿ≥∑» ®‘√“∏‘«—≤πå —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : 0.05

Mr. Vanchai Chirathivat Honorary Chairman Education : - Honorary Doctorate Degree (Philosophy), Ramkamhaeng University Experience : - Chairman, Central Group of Companies - Chairman, Central Plaza Hotel PLC. Commander : Third Class Commander of The Most Exalted Order of White Elephant (Kingdom of Thailand) Relationship between Management : Elder brother of Mr. Suthichart Chirathivat Elder brother of Ms. Jariya Chirathivat Uncle of Mr. Tos Chirathivat %holding in company : 0.05

π“¬ ÿ∑∏‘™“µ‘ ®‘√“∏‘«—≤πå ª√–∏“π°√√¡°“√ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - ª√‘≠≠“µ√’ “¢“∫—≠™’ (‡°’¬√µ‘π‘¬¡¥’‡¥àπ) St. Josephûs College, Philadephia, U.S.A ª√– ∫°“√≥å : - ª√–∏“π∫√‘À“√∏ÿ√°‘®,∫√‘…—∑„π‡§√◊Õ‡´Áπ∑√—≈ - ª√–∏“π°√√¡°“√∫√‘À“√·≈–°√√¡°“√ºŸ®â ¥— °“√„À≠à ∫√‘…—∑ ‡´Áπ∑√—≈√’‡∑≈ §Õ√åªÕ‡√™—Ëπ ®”°—¥ - ª√–∏“π§≥–°√√¡°“√∏ÿ√°‘®§â“ª≈’° - ª√–∏“π§≥–°√√¡°“√∏ÿ√°‘®§â“ª≈’° ÀÕ°“√§â“‰∑¬ - ∑’ªË √÷°…“ ¿“ÀÕ°“√§â“·Ààßª√–‡∑»‰∑¬ ª√–«—µ‘°“√√—∫√“ß«—≈¥’‡¥àπ - ‡À√’¬≠∑Õß ç Tabacco or Healthé ¢ÕßÕß§å°“√Õπ“¡—¬‚≈°„π∞“π–Õß§å°√∑’Ë∑”°“√ √≥√ß§å‡æ◊ËÕ°“√‰¡à Ÿ∫∫ÿÀ√’Ë¥’‡¥àπ - √“ß«—≈π—°∏ÿ√°‘®§â“ª≈’°¥’‡¥àππ“π“™“µ‘ ª√–®”ªï 1997 ¢Õß Àæ—π∏å§“â ª≈’°·Ààß™“µ‘ À√—∞Õ‡¡√‘°“ §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : πâÕß™“¬ §ÿ≥«—π™—¬ ®‘√“∏‘«—≤πå æ’Ë™“¬§ÿ≥®√‘¬“ ®‘√“∏‘«—≤πå Õ“ §ÿ≥∑» ®‘√“∏‘«—≤πå —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Mr. Suthichart Chirathivat Chairman of the Board Education : - B.S. ( Accounting ), St. Josephûs College, Philadephia, U.S.A. Experience : - President of Retail Business, Central Retail Corporation Limited - President and Chief Executive Officer, Central Retail Corporation - President of Thai Retailers Association - Chairman of Committee on Retail Business of Thai Chamber of Commerce - Advisor of Board of Trade of Thailand Achievement : - Gold Medal çTobacco or Healthé from World Health Organization of Outstanding achievement award:anti › smoking campaign - International Retailer of the Year Award (1997) of The National Retail Federation of U.S.A. Relationship between Management : Younger brother of Mr. Vanchai Chirathivat Elder brother of Ms. Jariya Chirathivat Uncle of Mr. Tos Chirathivat % holding in company : None

Mr. Jean-Michel Duhamel Director Education : - Engineer IIE (Central,Paris) - Master Degree in Econometrics (ParisIX Dauphine) Experience : - Supply Chain Manager, Casino Group Relationship between Management : None % holding in company : None

π“¬™“√å§ ‚¥¡‘π‘§ ‡Õ¡“π °√√¡°“√ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - MBA ª√– ∫°“√≥å : - Executive Vice President Real Estate and Development, Casino Group §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Mr. Jacques Dominique Ehrmann Director Education : - MBA Experience : - Executive Vice President Real Estate and Development, Casino Group Relationship between Management : None % holding in company : None

π“¬∑» ®‘√“∏‘«—≤πå °√√¡°“√ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - MBA (Finance), Columbia University, U.S.A. ª√– ∫°“√≥å : - °√√¡°“√∫√‘À“√ ·≈– ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√ ∫√‘…—∑ ‡´Áπ∑√—≈ √’‡∑≈ §Õ√åªÕ‡√™—Ëπ ®”°—¥ §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : À≈“π §ÿ≥«—π™—¬ ®‘√“∏‘«—≤πå À≈“π §ÿ≥ ÿ∑∏‘™“µ‘ ®‘√“∏‘«—≤πå À≈“π §ÿ≥®√‘¬“ ®‘√“∏‘«—≤πå —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : 3.01

Mr. Tos Chirathivat Director Education : - MBA (Finance), Columbia University, U.S.A. Experience : - Executive Director and Chief Executive Officer, Central Retail Corporation Limited Relationship between Management : Nephew of Mr. Vanchai Chirathivat Nephew of Mr. Suthichart Chirathivat Nephew of Ms. Jariya Chirathivat % holding in company : 3.01

Mr. Xavier Michel Marie Jacques DESJOBERT Director Education : - Polytechnique, Ecole des Mines of Paris, I.E.P. (Institut dû Etudes Politiques) and INSEAD Experience : - CEO of International Companies at CASINO Relationship between Management : None % holding in company : None

π“¬¨Õß-¡‘‡™≈ ¥ŸÕ“‡¡≈ °√√¡°“√ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - Engineer IIE (Central,Paris) - Master Degree in Econometrics (ParisIX Dauphine) ª√– ∫°“√≥å : - Supply Chain Manager, Casino Group §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’ π“¬´“«‘‡¬√å ¡‘‡™≈ ¡“√’ ¨“§ ‡¥‚™·∫√å °√√¡°“√ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - Polytechnique,Ecole des Mines of Paris, I.E.P.(Institut dû Etudes Politiques) and INSEAD ª√– ∫°“√≥å : - CEO of International Companies at CASINO §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

π“¬‡∑’¬√’Ë ∫Ÿ‡™Õ√ß °√√¡°“√ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - Degree from Law, University Lyon III, France - MBA in Marketing, EM Lyon, France ª√– ∫°“√≥å : - Human Resources & Communication Senior Executive Vice President, GROUPE CASINO §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Mr. Thierry Bourgeron Director Education : - Degree from Law, University Lyon III, France - MBA in Marketing, EM Lyon, France Experience : - Human Resources and Communication Senior Executive Vice President, GROUPE CASINO Relationship between Management : None % holding in company : None

π“¬‡«’¬¥ Œß ‚¥ °√√¡°“√ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - Engineering Degree and INSEAD BMA ª√– ∫°“√≥å : - Managing Director, Tonson Capital Co., Ltd. §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Mr. Viet Hung Do Director Education : - Engineering Degree and INSEAD BMA Experience : - Managing Director, Tonson Capital Co., Ltd. Relationship between Management : None % holding in company : None

π“¬®ÕÀåπ ‡´’¬π ´Ÿ-≈‘π °√√¡°“√ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - M.S.M. Degree (Finance and International Business), Sloan School of Management ª√– ∫°“√≥å : - Executive Director, AIGIC (Thailand) Co., Ltd. - Executive Director, AIG Investment Corporation (Asia) Ltd. §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Mr. John Sian Zu-Lin Director Education : - M.S.M. Degree (Finance and International Business), Sloan School of Management. Experience : - Executive Director, AIGIC (Thailand) Co., Ltd. - Executive Director, AIG Investment Corporation (Asia) Ltd. Relationship between Management : None % holding in company : None

π“¬¨Õß-∫—øµ‘ ‡Õ¡‘π °√√¡°“√ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - Economy & Finance, Institut dû Etudes Politiques de Paris, - Private & Business Law, Etudes University Paris II - Assas ª√– ∫°“√≥å : - Deputy Group Finance Manager -International Finance Coordination, Finance Department, Groupe Casino §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

§ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - Business School, Lyon France - MBA Lindenwood University - Certificate EM Lyon (F) - Certificate I.M.D. (Switzerland) ª√– ∫°“√≥å : - Chief Executive Officer, Libertad, Argentina §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’ π“¬ππ∑æ≈ π‘Ë¡ ¡∫ÿ≠ - °√√¡°“√Õ‘ √– - ª√–∏“π°√√¡°“√µ√«® Õ∫ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - MBA (Accounting), University of Iowa, U.S.A. - ∫—≠™’¥…ÿ Æ’∫≥ — ±‘µ°‘µµ‘¡»—°¥‘Ï ¡À“«‘∑¬“≈—¬∏√√¡»“ µ√å ª√– ∫°“√≥å : - ºŸâÕ”π«¬°“√ ”π—°µ√«®‡ß‘π·ºàπ¥‘π - π“¬° ¡“§¡ π—° Õ∫∫—≠™’·≈–ºŸ â Õ∫∫—≠™’ √—∫Õπÿ≠“µ·Ààßª√–‡∑»‰∑¬ §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—«√–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Mr. Yves Bernard Braibant - Director - Chief Executive Officer & President Education : - Business School, Lyon France - MBA Lindenwood University - Certificate EM Lyon (F) - Certificate I.M.D. (Switzerland) Experience : - Chief Executive Officer, Libertad, Argentina Relationship between Management : None % holding in company : None Mr. Nontaphon Nimsomboon - Independent Director - Chairman of Auditor Committee Education : - MBA ( Accounting), University of Iowa, U.S.A. - Honorary Doctorate Degree (Accounting), Thammasat University Experience : - Auditor General - President of the Institute of the Certified Accountants and Auditor of Thailand Relationship between Management : None % holding in company : None

π“¬Õ’ø ·∫√å°π“√å ‡∫√∫ÁÕß - °√√¡°“√ - ª√–∏“π‡®â“Àπâ“∑’∫Ë √‘À“√·≈–°√√¡°“√ºŸ®â ¥— °“√„À≠à

Mr. Jean-Baptiste EMIN Director Education : - Economy & Finance,Institut dû Etudes Politiques de Paris, - Private & Business Law, Etudes University Paris II - Assas Experience : - Deputy Group Finance Manager -International Finance Coordination, Finance Department, Groupe Casino Relationship between Management : None % holding in company : None

æ≈‡Õ° «‘π—¬ ¿—∑∑‘¬°ÿ≈ - °√√¡°“√Õ‘ √– - °√√¡°“√µ√«® Õ∫ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - «‘∑¬“≈—¬ªÑÕß°—π√“™Õ“≥“®—°√ - ‚√ß‡√’¬π‡ π“∏‘°“√∑À“√∫° À√—∞Õ‡¡√‘°“ ª√– ∫°“√≥å : - ª≈—¥°√–∑√«ß°≈“‚À¡ - ‡≈¢“∏‘°“√ ¿“§«“¡¡—Ëπ§ß·Ààß™“µ‘ §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

General Winai Phattiyakul - Independent Director - Member of Audit Committee Education : - National Defense Academy - Command & General Staff College, US Army Experience : - Permanent Secretary of the Ministry of Defense, - Secretary General, The National Security Council Relationship between Management : None % holding in company : None

¥√. √Õßæ≈ ‡®√‘≠æ—π∏ÿå - °√√¡°“√Õ‘ √– - °√√¡°“√µ√«® Õ∫ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - Doctor of Philosophy (Law), Monash University, Australia ª√– ∫°“√≥å : - ‡≈¢“∏‘°“√§≥–√—∞¡πµ√’ - ª≈—¥ ”π—°π“¬°√—∞¡πµ√’ §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Dr. Rongphol Charoenphandhu - Independent Director - Member of Audit Committee Education : - Doctor of Philosophy (Law), Monash University, Australia Experience : - Secretary General of the Cabinet - Permanent Secretary, Office of the Prime Minister Relationship between Management : None % holding in company : None

π“¬‡ø√‡¥√‘§ ∫Õ√å°Õ≈´å √Õßª√–∏“πºŸâ∫√‘À“√ΩÉ“¬ªÆ‘∫—µ‘°“√ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - Management BTS ª√– ∫°“√≥å : - Regional Director, Carrefour Hypermarket, France §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Mr. Frederic Borgoltz Executive Vice President, Operations Education : - Management BTS Experience : - Regional Director, Carrefour Hypermarket, France Relationship between Management : None % holding in company : None

Miss. Rumpa Kumhomreun - CFO and Vice President , Accounting and Finance - Secretary of the Company Education : - MBA, Thammasat University - Cerfified Public Accountant (Thailand) Experience : - Accounting Director, Seagate Technology (Thailand) Ltd. - Accounting Manager, National Starch & Chemical (Thailand) Ltd. Relationship between Management : None % holding in company : None

π“¬ª√–æ—π∏å ‡Õ’Ë¬¡√ÿàß‚√®πå √Õßª√–∏“πÕ“«ÿ‚ ΩÉ“¬æ—≤π“∏ÿ√°‘®·≈–Õ —ßÀ“√‘¡∑√—æ¬å §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - ª√‘≠≠“‚∑ (∫√‘À“√∏ÿ√°‘® ) ¡À“«‘∑¬“≈—¬∏√√¡»“ µ√å - ª√‘≠≠“‚∑ («‘»«°√√¡»“ µ√å) AIT ª√– ∫°“√≥å : - Vice President, GE-Goldman AMC - Executive Director, First Pacific Land §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : 0.01

Mr. Praphan Eamrungroj Senior Vice President, Properties Education : - MBA, Thammasat University - Master Degree (Engineering) AIT Experience : - Vice President , GE-Goldman AMC - Executive Director , First Pacific Land Relationship between Management : None % holding in company : 0.01

π“¬‚∏¡— ·¡ —π π‘≈‡´àπ √Õßª√–∏“πÕ“«ÿ‚ ΩÉ“¬∑√—æ¬“°√¡πÿ…¬å §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - MA DEGREE (Administration and Organization Behavior), George Wiliams College, U.S.A. ª√– ∫°“√≥å : - Vice President, International Human Resource, Kmart Corporation U.S.A. §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Mr. Thomas Mason Nielsen Senior Vice President, Human Resources Education : - MA DEGREE (Administration and Organization Behavior), George Wiliams College, U.S.A. Experience : - Vice President, International Human Resource, Kmart Corporation, U.S.A. Relationship between Management : None % holding in company : None

π“ß “«√”¿“ §”ÀÕ¡√◊Ëπ - ª√–∏“π‡®â“Àπâ“∑’ΩË É“¬°“√‡ß‘π ·≈–√Õßª√–∏“πΩÉ“¬∫—≠™’·≈–°“√‡ß‘π - ‡≈¢“πÿ°“√∫√‘…—∑ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - ª√‘≠≠“‚∑ (∫√‘À“√∏ÿ√°‘®)¡À“«‘∑¬“≈—¬∏√√¡»“ µ√å - ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“µ (ª√–‡∑»‰∑¬) ª√– ∫°“√≥å : - ºŸÕâ ”π«¬°“√ΩÉ“¬∫—≠™’ ∫√‘…—∑ ´’‡°∑ ‡∑§‚π‚≈¬’ (ª√–‡∑»‰∑¬) ®”°—¥ - ºŸâ®—¥°“√ΩÉ“¬∫—≠™’ ∫√‘…—∑ ‡π™—Ëπ·π≈ µ“√å∑ ·Õπ¥å ‡§¡‘§Õ≈ (ª√–‡∑»‰∑¬) ®”°—¥ §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

π“¬‡Õ¡“πŸ‡Õ≈ °Ÿ‚√π √Õßª√–∏“πΩÉ“¬®—¥´◊ÈÕÕ“À“√·≈–æ—≤π“º≈‘µ¿—≥±å

Mr. Emmanuel Couronne Vice President, Food Merchandise & Private Label

§ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - MBA, European Business Institute,Paris ª√– ∫°“√≥å : - Managing Director, Snair & Socemas Reunies (France) §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Education : - MBA, European Business Institute, Paris Experience : - Managing Director, Snair & Socemas Reunies (France) Relationship between Management : None % holding in company : None

π“ß “«®√‘¬“ ®‘√“∏‘«—≤πå √Õßª√–∏“πΩÉ“¬°“√µ≈“¥·≈–°“√ ◊ËÕ “√ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - MBA (Marketing), Clark University, U.S.A. ª√– ∫°“√≥å : - ºŸâ®—¥°“√ΩÉ“¬®—¥´◊ÈÕ‡´Áπ∑√—≈´Ÿ‡ªÕ√å¡“√å‡°Áµ §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : πâÕß “« §ÿ≥«—π™—¬ ®‘√“∏‘«—≤πå πâÕß “« §ÿ≥ ÿ∑∏‘™“µ‘ ®‘√“∏‘«—≤πå Õ“§ÿ≥∑» ®‘√“∏‘«—≤πå —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : 0.01

Ms. Jariya Chirathivat Vice President , Marketing and Communications

π“¬ø√Õß´—« Õ‡≈Á°´Õß‡¥√Õ– Œ‘¥“≈‚°â √Õßª√–∏“πΩÉ“¬ Supply Chain Management §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - Master of Science in production engineering and business administration from the çJean Monnet Universityé of France ª√– ∫°“√≥å : - Flows Strategy Manager, Supply Chain Department, GROUPE-CASINO §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Mr. Francois Alexandre Hidalgo Vice President, Supply Chain Management Education : - Master of Science in production Engineering and business administration from the çJean Monnet Universityé of France Experience : - Flows Strategy Manager, Supply Chain Department, GROUPE-CASINO Relationship between Management : None % holding in company : None

Education : - MBA (Marketing), Clark University U.S.A. Experience : - Merchandising Manager, Central Supermarket Relationship between Management : Younger sister of Mr. Vanchai Chirathivat Younger sister of Mr. Suthichart Chirathivat Aunt of Mr. Tos Chirathivat % holding in company : 0.01

Mr. Prawet Prungtangkij Vice President, MIS Education : - Computer Science Experience : - Senior Manager, Information System Division, Siam Makro Public Co., Ltd. Relationship between Management : None % holding in company : None

π“ß “««√√≥«‘¡≈ »‘√‘«—≤πå‡«™°ÿ≈ √Õßª√–∏“πΩÉ“¬æ—≤π“∏ÿ√°‘® §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - MBA Harvard Business School, Boston, MA, USA - MS, Chemical Engineering, Cal-Tech, Pasadena, CA, U.S.A. ª√– ∫°“√≥å : - Equity Analyst, ∫√‘…—∑À≈—°∑√—æ¬å ‡§√¥‘µ «‘ (ª√–‡∑»‰∑¬) ®”°—¥ - Consultant, ∫√‘…∑— ·¡§§‘π´’Ë ·Õπ¥å §Õ¡æ“π’ (ª√–‡∑»‰∑¬) ®”°—¥ §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

Ms. Wanwimol Siriwatwechakul Vice President, Business Development Education : - MBA Harvard Business School, Boston, MA, USA - MS, Chemical Engineering, Cal-Tech, Pasadena, CA, U.S.A. Experience : - Equity Analyst, Suisse Securities (Thailand) Company Limited, Bangkok Thailand - Consultant, McKinsey & Company, INC,, Bangkok, Thailand Relationship between Management : None % holding in company : None

π“¬ª√–‡«∑¬å ª√ÿß·µàß°‘® √Õßª√–∏“πΩÉ“¬®—¥°“√√–∫∫¢âÕ¡Ÿ≈ §ÿ≥«ÿ≤‘∑“ß°“√»÷°…“ : - «‘∑¬“»“ µ√å§Õ¡æ‘«‡µÕ√å ª√– ∫°“√≥å : - ºŸâ®—¥°“√Õ“«ÿ‚ ΩÉ“¬∫√‘°“√ “√ π‡∑» ∫√‘…—∑ ¬“¡·¡Á§‚§√ ®”°—¥ (¡À“™π) §«“¡ —¡æ—π∏å∑“ß§√Õ∫§√—« √–À«à“ßºŸâ∫√‘À“√ : ‰¡à¡’ —¥ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑(%) : ‰¡à¡’

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ‚§√ß √â“ßÕß§å°√∫√‘…—∑œ §≥–°√√¡°“√∫√‘À“√ BIG C SUPERCENTER PUBLIC CO., LTD. ORGANIZATION STRUCTURE EXECUTIVE COMMITTEE

ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√·≈–°√√¡°“√ºŸâ®—¥°“√„À≠à §≥–°√√¡°“√ µ√«® Õ∫

CEO & PRESIDENT

AUDIT COMMITTEE

π“¬Õ’ø ·∫√å°∫“√å ‡∫√∫ÁÕß

MR.YVES BERNARD BRAIBANT

VP MIS

ΩÉ“¬µ√«® Õ∫ ¿“¬„π INTERNAL AUDIT

√Õßª√–∏“π ΩÉ“¬∫—≠™’ ·≈–°“√‡ß‘π

CFO & VP ACCOUNTING & FINANCE

ΩÉ“¬∫—≠™’ ACCOUNTING

ΩÉ“¬°“√‡ß‘π FINANCE

√Õßª√–∏“πÕ“«ÿ‚ ΩÉ“¬∑√—æ¬“°√¡πÿ…¬å SVP HUMAN RESOURCES

√Õßª√–∏“πΩÉ“¬ ®—¥´◊ÈÕÕ“À“√·≈– æ—≤π“º≈‘µ¿—≥±å VP FOOD MERCHANDISE & PRIVATE LABEL

ΩÉ“¬∫ÿ§≈“°√ HUMAN RESOURCES

ΩÉ“¬Ωñ°Õ∫√¡ ·≈–æ—≤π“ TRAINING & MGT.DEVELP.

ΩÉ“¬°ÆÀ¡“¬

ΩÉ“¬∏ÿ√°“√

LEGAL

ADMINISTRATION

ΩÉ“¬®—¥´◊ÈÕÕ“À“√ FOOD MERCHANDISE

ΩÉ“¬æ—≤π“ º≈‘µ¿—≥±å PRIVATE LABEL

√Õßª√–∏“πΩÉ“¬ ®—¥´◊ÈÕ ‘π§â“ ∑—Ë«‰ªå VP GE NERAL MERCHANDISE

‘π§â“ SOFTLINE

√Õßª√–∏“πºŸâ∫√‘À“√ ΩÉ“¬ªØ‘∫—µ‘°“√ EVP OPERATIONS

ΩÉ“¬ªØ‘∫—µ‘°“√ “¢“ STORE OPERATIONS

√Õßª√–∏“πΩÉ“¬ SUPPLY CHAIN MANAGEMENT VP SUPPLY CHAIN MANAGEMENT

»Ÿπ¬å°√–®“¬ ‘π§â“ DISTRIBUTION CENTER

√Õßª√–∏“πÕ“«ÿ‚ ΩÉ“¬æ—≤π“∏ÿ√°‘® ·≈–Õ —ßÀ“√‘¡∑√—æ¬å SVP PROPERTIES

ΩÉ“¬®—¥°“√ ∑√—æ¬å ‘π

PROPERTY MANAGEMENT

ΩÉ“¬®—¥°“√ ‚§√ß°“√

‘π§â“ HARDLINE

PROJECT MANAGEMENT

‘π§â“ HOMELINE

√Õßª√–∏“π ΩÉ“¬®—¥°“√ √–∫∫¢âÕ¡Ÿ≈

√Õßª√–∏“πΩÉ“¬ °“√µ≈“¥ ·≈–°“√ ◊ËÕ “√

VP MARKETING & COMMUNICATIONS

√Õßª√–∏“π ΩÉ“¬æ—≤π“∏ÿ√°‘® VP BUSINESS DEVELOPMENT

∏ÿ√°‘®¢Õß∫‘Í°´’ The Business of Big C Strategy Big C Supercenter created a new model for the retail business in Thailand under the concept of the çsupercenter.é This model involves establishing large-scale stores that offer customers a wide variety of high-quality, reasonably priced merchandise including both food and non-food items. This combination of discount store and food outlet has proven to be very popular with Thai consumers, as it offers them unparalleled levels of service and convenience under one roof › a one-stop-shopping experience for customers across Thailand. Big C now operates 49 Big C stores throughout the country, serviced by a dynamic organization of 14,144 staff. The name çBig Cé reflects two key elements of our business and our strategy for success. The çBigé refers to the large size of our stores with wide aisles, plenty of checkout lines and ample parking. It also referees to the big selection of merchandise we offer. Big C currently stocks over 100,000 items to meet every customer need. The çCé refers to our loyal customers, who are the key to the success of our business. We have put in place comprehensive customer service policies and resources to ensure that everyoneûs shopping experience at Big C is always a great one. By offering a clean, comfortable shopping environment with a wide assortment of goods available at reasonable prices, plus our philosophy of taking the best care of our customers, Big C has proven the success of our strategy in the Thai retail market. We plan to continue to enhance and refine our strategy in the years to come to ensure we stay at the forefront of Thailandûs retail sector.

∏ÿ√°‘®´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å æ◊πÈ ∑’ Ë «à π„À≠à„πÀâ“ß∫‘°Í ´’®–‡ªìπæ◊πÈ ∑’ Ë ”À√—∫®—¥®”Àπà“¬ ‘π§â“Õÿª‚¿§∫√‘‚¿§∑’Ë¡’§ÿ≥¿“æ·≈–√“§“ª√–À¬—¥µ≈Õ¥®π ∫√‘°“√∑’ËÀ≈“°À≈“¬‡æ◊ËÕÕ”π«¬§«“¡ –¥«°·°à≈Ÿ°§â“ ´÷Ëß µâÕß°“√ —¡º— ª√– ∫°“√≥å°“√´◊ÈÕ ‘π§â“·∫∫ one-stopshopping ∫‘Í ° ´’ ‡ ªì π Àâ “ ß§â “ ª≈’ ° ¢π“¥„À≠à ”À√— ∫ ∑ÿ ° §π„π §√Õ∫§√—« ¡’∑’Ë®Õ¥√∂°«â“ß¢«“ßæ√âÕ¡√–∫∫‰øøÑ“· ß «à“ß

Business Unit Reports Supercenter Business At all Big C stores, the majority of the space is devoted to the sale of consumer goods and foodstuffs at reasonable prices and of excellent quality. Additionally, all stores offer a wide range of useful services for the convenience of our customers who demand a one-stop-shopping experience.

°≈¬ÿ∑∏å ∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ‰¥â √â“ß √√§å∏ÿ√°‘®§â“ª≈’° ¡—¬„À¡à„πª√–‡∑»‰∑¬¿“¬„µâ√Ÿª ·∫∫ ç´Ÿ‡ªÕ√å‡´Áπ‡µÕ√åé À√◊Õ Àâ“ß§â“ª≈’°¢π“¥„À≠à ¥â«¬ °“√π”‡ πÕ ‘ π §â “ Õÿ ª ‚¿§∫√‘ ‚ ¿§∑’Ë ¡’ §ÿ ≥ ¿“æ·≈– À≈“°À≈“¬„π√“§“¬àÕ¡‡¬“·°à≈Ÿ°§â“ ¿“¬„µâ°“√º ¡º “π √–À«à“ß¥‘ ‡§“πµå ‚µ√å ·≈–»Ÿπ¬åÕ“À“√Õ—π∑—π ¡—¬´÷Ëß‰¥â√—∫ §«“¡π‘¬¡®“°ºŸâ∫√‘‚¿§™“«‰∑¬Õ¬à“ß¡“° ‡π◊ËÕß®“° “¡“√∂ π”‡ πÕ ‘ π §â “ ·≈–∫√‘ ° “√µà “ ßÊ √«¡∂÷ ß ‘Ë ß Õ”π«¬§«“¡ –¥«°Õ¬à“ß§√∫«ß®√„π√Ÿª·∫∫¢Õß çone-stop-shoppingé ∑’Ë≈Ÿ°§â“ “¡“√∂‡≈◊Õ°´◊ÈÕ ‘π§â“·≈–∫√‘°“√À≈“°À≈“¬™π‘¥ „π ∂“π∑’Ë · Àà ß ‡¥’ ¬ «ªí ® ®ÿ ∫— π ∫‘Í ° ´’ ¡’ ∫ÿ § ≈“°√®”π«π 14,144 §π∑’Ë§Õ¬„Àâ∫√‘°“√µ“¡ “¢“∑—ÈßÀ¡¥ 49 “¢“ ∑—Ë«ª√–‡∑» ™◊ËÕ∫‘Í°´’‰¥â¡“®“° 2 °≈¬ÿ∑∏åÀ≈—°∑’Ë„™â„π°“√¥”‡π‘π ∏ÿ√°‘® Ÿà§«“¡ ”‡√Á® §”«à“ç∫‘Í°é (Big) À¡“¬∂÷ßæ◊Èπ∑’Ë∑’Ë¡’ ¢π“¥„À≠à ¡’™àÕß∑“ß‡¥‘π°«â“ß¢«“ß ¡’™àÕß™”√–‡ß‘π®”π«π ¡“°¡’∑’Ë®Õ¥√∂‡À≈◊Õ‡øóÕ ·≈–¬—ß§√Õ∫§≈ÿ¡‰ª∂÷ß§«“¡À≈“° À≈“¬¢Õß ‘π§â“∑’Ë∫‘Í°´’§—¥ √√¡“®”Àπà“¬ ‚¥¬∫‘Í°´’¡’ ‘π§â“ ¡“°°«à “ 100,000 √“¬°“√‡æ◊Ë Õ µÕ∫ πÕß∑ÿ ° §«“¡ µâÕß°“√¢Õß≈Ÿ°§â“ „π¢≥–∑’Ë ç´’é(C)À¡“¬∂÷ß≈Ÿ°§â“∑’Ë®ß√—° ¿—°¥’·≈– π—∫ πÿπ§«“¡ ”‡√Á®¢Õß∫‘Í°´’µ≈Õ¥¡“ ∫‘Í°´’¡Õ∫§«“¡ª√–∑—∫„®·°à≈Ÿ°§â“¥â«¬°“√µÕ∫ πÕß ∑ÿ°§«“¡µâÕß°“√¢Õß≈Ÿ°§â“Õ¬à“ß§√∫«ß®√ ‰¡à«à“®–‡ªìπ ‘π§â“∑’ËÀ≈“°À≈“¬„π√“§“ª√–À¬—¥ ¿“æ·«¥≈âÕ¡„π°“√ ´◊È Õ ‘ π §â “ ∑’Ë –¥«° ∫“¬ –Õ“¥∂Ÿ ° ÿ ¢ ≈— ° …≥– ¿“¬„µâ ª√—™≠“∑’Ë¡ÿàß‡πâπ °“√„Àâ∫√‘°“√∑’Ë¥’∑’Ë ÿ¥·°à≈Ÿ°§â“ ´÷Ëß°≈¬ÿ∑∏å ∑’Ë∫‘Í°´’π”¡“„™â„πµ≈“¥§â“ª≈’°‰∑¬¥—ß°≈à“«ª√– ∫§«“¡ ”‡√Á®‡ªìπÕ¬à“ß¥’ ∫‘Í°´’¬—ß§ß¬÷¥¡—Ëπ„π°≈¬ÿ∑∏åπ’È‡æ◊ËÕ§√Õß §«“¡‡ªìπÀâ“ß§â“ª≈’°™—Èππ”¢Õß‰∑¬µàÕ‰ª„π√–¬–¬“«

The Big C Supercenter is a large-format, family-oriented ‡æ◊ËÕ§«“¡ –¥«°·≈–ª≈Õ¥¿—¬¢Õß≈Ÿ°§â“ ¡’ ‘π§â“„Àâ‡≈◊Õ°´◊ÈÕ °«à“ 100,000 √“¬°“√ ‡æ◊ËÕµÕ∫ πÕß§«“¡µâÕß°“√¢Õß store with ample parking and excellent lighting for the ≈Ÿ°§â“∑ÿ°‡æ»∑ÿ°«—¬ ”À√—∫À¡«¥ ‘π§â“¢Õß∫‘°Í ´’·∫àßÕÕ°‡ªìπ safety and convenience of our customers. Every store offers over 100,000 products of every description to meet 5 ª√–‡¿∑ ¥—ßπ’È the needs of people from all walks of life and every age. * Õ“À“√ ¥ : ®”Àπà“¬‡π◊ÈÕ —µ«å Õ“À“√∑–‡≈ º≈‰¡â Big C merchandise is divided into five basic categories: º—° ¥∑—Èß·∫∫æ√âÕ¡ª√ÿß·≈–æ√âÕ¡√—∫ª√–∑“π Õ“À“√ * Fresh Food - meats, seafood, fresh fruits and vegetables (both ready to cook and ready to eat), frozen food, ·™à·¢Áß Õ“À“√ ”‡√Á®√Ÿª·≈–‡§√◊ËÕß‡∑»µà“ßÊ baked goods, and herbs and spices * Õ“À“√·Àâß : ®”Àπà“¬‡§√◊ËÕß¥◊Ë¡∑—ÈßπÈ”Õ—¥≈¡·≈– ÿ√“ ¢π¡¢∫‡§’È¬« ¢Õß„™â à«πµ—« º≈‘µ¿—≥±å∑”§«“¡ –Õ“¥ * Dry Food - seasonings and condiments, beverages (both soft drinks and liquor), snack foods, personal Õ“À“√·≈–Õÿª°√≥å‡≈’È¬ß —µ«å items, cleaning suppliers, and pet food and accessories * ‡ ◊ÈÕºâ“·≈–‡§√◊ËÕßµ°·µàß : ®”Àπà“¬‡ ◊ÈÕºâ“ ”À√—∫∫ÿ√ÿ… ·≈– µ√’ ‡¥Á°·≈–∑“√° √Õß‡∑â“ ·≈–‡§√◊ËÕß ”Õ“ß * Clothing and Accessories - menûs, womenûs, childrenûs and infantûs clothing and shoes as well as * ‡§√◊ËÕß„™â‰øøÑ“ : ®”Àπà“¬Õÿª°√≥å‡§√◊ËÕß„™â‰øøÑ“„π cosmetics ∫â“πÀ≈“°™π‘¥ ‡§√◊ËÕß„™â„π§√—«‡√◊Õπ ‡§√◊ËÕß‡ ’¬ß ‡∑ª ´’¥’ ‡§√◊ËÕßª√–¥—∫¬πµå ·≈–Õÿª°√≥å´àÕ¡·´¡·≈–∫”√ÿß * Electrical Appliances - a wide range of electrical appliances including white goods, kitchen appliances, √—°…“∫â“π home entertainment equipment, tapes, CDs, plus * Õÿª°√≥å·≈–¢Õß„™â¿“¬„π∫â“π : ®”Àπà“¬‡øÕ√åπ‘‡®Õ√å automobile and motorcycle accessories, and home ‡§√◊ËÕß§√—« ‡§√◊ËÕß„™âæ≈“ µ‘° ¢Õßµ°·µàß∫â“π Õÿª°√≥å improvement and maintenance tools and supplies °’Ã“ ‡§√◊ËÕßπÕπ·≈–¢Õß‡≈àπµà“ßÊ * Home Decor and Accessories -furniture, kitchenware, plastic storage items and utensils, decorative items, sporting goods and toys. —¥ à«π¬Õ¥¢“¬¢Õß ‘π§â“·µà≈–À¡«¥ √“¬°“√ 2549(%) Õ“À“√ ¥ 9.4 Õ“À“√·Àâß 48.8 ‡ ◊ÕÈ ºâ“·≈–‡§√◊ÕË ßµ°·µàß 11.8 ‡§√◊ËÕß„™â‰øøÑ“ 11.8 Õÿª°√≥å·≈–¢Õß„™â¿“¬„π∫â“π 18.3 √«¡ 100

2548(%) 9.1 48.9 11.9 12.0 18.1 100

Sales Mix Category 2006 (%) 2005 (%) Fresh Food 9.4 9.1 Dry Foods 48.8 48.9 Clothing and Accessories 11.8 11.9 Electrical Appliances 11.8 12.0 Home Decor and Accessories 18.3 18.1 Total 100 100

∏ÿ√°‘®∑“«πå‡´Áπ‡µÕ√å

Town Center Business The Big C Town Center provides rental space located both inside and outside a Big C Supercenter location. Vendors that offer merchandise that does not compete with items sold in the Big C Supercenter can rent space in the Town Center. This gives customers an increased range of products and services available at a single destination, enhancing the overall shopping experience. The Town Center business is in line with Big Cûs goal of providing a one-stop-shopping experience for our customers. The operators that lease space at Big C Town Centers include: * Restaurants, international fast food franchises, specialty stores and theaters * Gas stations, automotive repair shops, plant shops, pet stores, and garden shops

∫‘Í°´’ ∑“«πå‡´Áπ‡µÕ√å‡ªìπ°“√„Àâ‡™à“æ◊Èπ∑’Ë∑—Èß¿“¬„π·≈– ¿“¬πÕ°Õ“§“√¢ÕßÀâ“ß∫‘Í°´’·°àºŸâª√–°Õ∫°“√‡æ◊ËÕ‡¢â“¡“∑” ∏ÿ √ °‘ ® „πÀâ “ ß∫‘Í ° ´’ ∑—È ß π’È ® –µâ Õ ß‡ªì π ‘ π §â “ ·≈–∫√‘ ° “√∑’Ë ·µ°µà “ ß®“° ‘ π §â “ ∑’Ë ®”Àπà “ ¬„πÀâ “ ß∫‘Í ° ´’ ‡ æ◊Ë Õ √â “ ß §«“¡À≈“°À≈“¬„Àâ≈Ÿ°§â“∑’Ë‡¢â“¡“„™â∫√‘°“√„πÀâ“ß‰¥â¡’∑“ß ‡≈◊Õ°„π°“√´◊ÈÕ ‘π§â“·≈–∫√‘°“√∑’Ë§√∫§√—π·≈–§√∫«ß®√ ‡ªÑ “ À¡“¬¢Õß∫‘Í ° ´’ ∑“«πå ‡ ´Á π ‡µÕ√å §◊ Õ °“√π”‡ πÕ ª√– ∫°“√≥å one-stop-shopping ·°à≈Ÿ°§â“‡™àπ‡¥’¬«°—∫ ∏ÿ√°‘® ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ∑—Èßπ’ÈºŸâª√–°Õ∫°“√∑’Ë‡¢â“¡“‡™à“æ◊Èπ∑’Ë„πÀâ“ß∫‘Í°´’ à«π „À≠àª√–°Õ∫¥â«¬ : * √â “ πÕ“À“√ √â “ πÕ“À“√®“π¥à « π¢Õßµà “ ßª√–‡∑» ·ø√π‰™ å √â“π§â“‡©æ“–Õ¬à“ß ‚√ß¿“æ¬πµ√å * ªíö¡πÈ”¡—π √â“π∫√‘°“√µ°·µàßÀ√◊Õ‡ª≈’Ë¬πÕ–‰À≈à√∂¬πµå »Ÿπ¬å®”Àπà“¬æ—π∏ÿå‰¡â —µ«å‡≈’È¬ß ·≈–º≈‘µ¿—≥±å∑“ß °“√‡°…µ√ µ“√“ß —¥ à«π√“¬‰¥â (≈â“π∫“∑) ∏ÿ√°‘®´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ∏ÿ√°‘®∑“«πå‡´Áπ‡µÕ√å √«¡ Sales Ratios (Million Baht) Business Unit Supercenter Town Centers Total

2549 58,033 2,427 60,460

% 96 4 100

2548 53,194 2,087 55,281

% 96.2 3.8 100

2006 58,033 2,427 60,460

% 96 4 100

2005 53,194 2,087 55,281

% 96.2 3.8 100

°“√®—¥À“ ‘π§â“ ∑’¡ß“π¥â“π®—¥À“ ‘π§â“‡ªìπ∑’¡∑’Ë¡’§«“¡‡™’Ë¬«™“≠„π °“√®—¥À“ ‘π§â“∑’Ë¡’§ÿ≥¿“æ·≈– “¡“√∂®”Àπà“¬‰¥â„π√“§“ ª√–À¬—¥ ªí®®ÿ∫—π ∫‘Í°´’¡’‡§√◊Õ¢à“¬ºŸâº≈‘µÀ√◊Õ´—ææ≈“¬‡ÕÕ√å „π√–∫∫°«à“ 3,500 √“¬∑—Èß„πª√–‡∑»·≈–µà“ßª√–‡∑» ‚¥¬ ª√–¡“≥ 80% ‡ªìπºŸªâ √–°Õ∫°“√„πÕÿµ “À°√√¡¢π“¥¬àÕ¡ ∫‘Í°´’‰¥â √â“ß§«“¡ —¡æ—π∏åÕ—π¥’°—∫´—ææ≈“¬‡ÕÕ√å ‡æ◊ËÕ°“√ æ—≤π“ ‘π§â“·≈–√“¬°“√ ‘π§â“¿“¬„µâª√—™≠“ ç«‘π-«‘πé ´÷Ëß ∑”„Àâ∑—Èß∫‘Í°´’·≈–´—ææ≈“¬‡ÕÕ√å‰¥â√—∫ª√–‚¬™πå∑—Èß ÕßΩÉ“¬ ∫‘Í°´’¡’°“√´◊ÈÕ ‘π§â“¡“°°«à“ 95% ®“°ºŸâº≈‘µ„πª√–‡∑» ‚¥¬µ√ßÀ√◊Õºà“πµ—«·∑π®”Àπà“¬ ‘π§â“ πÕ°®“°π’È ∫‘Í°´’¬—ß π”‡¢â“ ‘π§â“∑’Ë¡’§ÿ≥¿“æ·≈–¡’√“§“‡À¡“– ¡ ´÷Ëß‡ªìπ ‘π§â“ ∑’Ë≈Ÿ°§â“®–À“´◊ÈÕ‰¥â∑’Ë∫‘Í°´’‡∑à“π—Èπ ≈Ÿ°§â“¢Õß‡√“

∫‘Í ° ´’ æ √â Õ ¡¡Õ∫ª√– ∫°“√≥å „ π°“√´◊È Õ ‘ π §â “ ∑à’Ë πÿ° π“π¥â«¬√“§“ª√–À¬—¥·°à≈Ÿ°§â“∑”„Àâ∫‘Í°´’‡ªìπÀâ“ß§â“ ª≈’°∑’ËºŸâ∫√‘‚¿§∑—Ë«ª√–‡∑»™◊Ëπ™Õ∫ ≈Ÿ°§â“¢Õß∫‘Í°´’ à«π„À≠à ®–‡ªìπºŸâÀ≠‘ßÕ“¬ÿ√–À«à“ß 20 -34 ªï ‡æ‘Ëß √â“ß§√Õ∫§√—« „À¡à·≈–„Àâ§«“¡ ”§—≠°—∫‡√◊ËÕß√“§“ ‚¥¬®–¡“´◊ÈÕ ‘π§â“∑’Ë ∫‘Í°´’ —ª¥“Àå≈–§√—Èß

Merchandise and Sourcing Big Cûs merchandise team is made up of experts who source quality goods that we can offer at reasonable prices. Big C has developed a large network of over 3,500 suppliers both within Thailand and abroad, 80% of whom are SMEs. We have established good relationships with our suppliers in order to develop products and categories under a çWin-Winé philosophy. Big C buys more than 95% of our products directly from manufacturers or exclusive distributors within Thailand. We also explore opportunities to import products that offer the value and quality that our customers have come to expect from Big C. Our Customers With the value and enjoyable shopping experience we offer, Big C appeals to a broad demographic of shoppers across Thailand. Typically, our customers are females between 20 and 34 years old with a young family. They reflect the price-conscious segment of the market and tend to visit Big C about once a week. Business Targets

‡ªÑ“À¡“¬‡™‘ß∏ÿ√°‘® ‡ªÑ“À¡“¬„π°“√¥”‡π‘π°“√ * °“√¢¬“¬ “¢“ ‡æ◊ÕË √—°…“ à«π·∫àß∑“ß°“√µ≈“¥„Àâ‡µ‘∫‚µÕ¬à“ßµàÕ‡π◊ÕË ß ∫‘°Í ´’¡·’ ºπ®–¢¬“¬ “¢“®”π«π 4 “¢“„πªï 2550 ‚¥¬ “¢“∑’Ë ® –‡ªî ¥ „À¡à ∑—È ß À¡¥¡’ ∑’Ë µ—È ß Õ¬Ÿà „ πæ◊È π ∑’Ë ∑’Ë ¡’ »—°¬¿“æ„π®—ßÀ«—¥≈”æŸπ ‡™’¬ß„À¡à ¡ÿ¬ ( ÿ√“…Æ√å∏“π’) ·≈–™≈∫ÿ √’ ‚¥¬∫‘Í ° ´’ µ—È ß ß∫≈ß∑ÿ π ”À√— ∫ °“√¢¬“¬ “¢“„À¡àª√–¡“≥ 3,000 ≈â“π∫“∑ * °“√ª√—∫ª√ÿß “¢“ ‡æ◊ËÕ„ÀâºŸâ∫√‘‚¿§‰¥â√—∫ª√– ∫°“√≥å∑’Ëª√–∑—∫„® ‡¡◊ËÕ¡“ ´◊ÕÈ ‘ π §â “ ∑’Ë ∫‘Í ° ´’ ∫ √‘ …— ∑ ®÷ ß ¡’ · ºπª√— ∫ ª√ÿ ß ·≈–æ—≤π“ “¢“‡¥‘ ¡ 6 “¢“∑—Èß„π à«π¢Õß´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å·≈– ∑“«πå‡´Áπ‡µÕ√å ‚¥¬¡’ß∫≈ß∑ÿπ ”À√—∫°“√ª√—∫ª√ÿß “¢“ √«¡ 1,500 ≈â“π∫“∑ * ‘π§â“ „πªï 2550 ∫‘Í°´’¡ÿàß‡πâπ§«“¡ ”§—≠¢Õß ‘π§â“ª√–‡¿∑ Õ“À“√ ¥ ‡§√◊ËÕß„™â‰øøÑ“ ·≈– ‘π§â“‡Œâ“ å·∫√π¥å ‡π◊ËÕß®“° ‘π§â“ª√–‡¿∑Õ“À“√ ¥‡ªìπ ‘π§â“∑’Ë¥÷ß¥Ÿ¥„Àâ

Operational Targets * Expansion In line with our operational strategy of continuing profitable expansion, Big C plans to open four new stores in 2007. They will be located in high-potential locations in Lamphun, Chiang Mai, Samui (Surat Thani) and Chonburi provinces.The aggregate investment set aside for the 2007 expansion program is 3 billion baht. * Renovation To always ensure a positive customer experience when shopping at Big C, the company has scheduled renovations and upgrades to six of our existing stores, including both Big C Supercenters and Town Centers. The planned investment in the renovation/upgrade program is 1.5 billion baht. * Products During 2007, Big C will continue to strengthen our Freshfood, Hardline and house brand products.

Freshfood plays an important role in bringing customers into our stores and having them return frequently,due to consumer desires for freshness and quality of their food. Big C has been expanding our çHygenicé fresh section while at the same time lowering prices. Hardline is a high-volume sales category, with frequent product launches becoming more important to customers. Big C constantly upgrades our merchandising mix with greater variety to meet customer demands.Increasing the range of house brand products is also a key strategy for Big C. Technology Big Cûs business requires efficient tracking and management of a huge volume of goods bought by a large number of customers. Solid implementation of technology is the foundation of our success. Big C truly believes we have the best IT systems in our industry and we focus on continuous development for efficiency and competitive advantage. For 2007, Big C aims to improve the efficiency of our merchandise support system, named çGold,é especially in the areas of supply chain and stock optimization.Big Cûs Distribution Center will also benefit from this project by using voice picking for selecting stock. Logistics Big C has continuously improved the management of our logistics system to increase efficiency and reduce operating costs. In 2006, our efforts led to a 5% reduction in transportation costs by changing the distribution centerûs method of dispatching goods

≈Ÿ°§â“¡“´◊ÈÕ ‘π§â“∑’Ë∫‘Í°´’∂’Ë¢÷Èπ ‚¥¬≈Ÿ°§â“µâÕß°“√Õ“À“√ ∑’Ë ¥·≈–¡’ §ÿ ≥ ¿“æ ∫‘Í ° ´’ ®÷ ß ¢¬“¬æ◊È π ∑’Ë ¢ Õß·ºπ° Õ“À“√ ¥ ç‰Œ®’π‘§é‡æ◊ËÕ®”Àπà“¬Õ“À“√∑’Ë¡’§ÿ≥¿“æ ·≈–¡’ ÿ ¢ Õπ“¡— ¬ Ÿ ß „π√“§“¬à Õ ¡‡¬“ ”À√— ∫ ·ºπ° ‡§√◊ËÕß„™â‰øøÑ“‡ªìπ·ºπ°∑’Ë¡’¬Õ¥¢“¬ Ÿß °“√‡ªî¥µ—« ‘π§â“„À¡àÊ Õ¬à“ßµàÕ‡π◊ÕË ß‡ªìπ ’ π— ¢Õß°“√¥÷ß¥Ÿ¥§«“¡ π„®¢Õß≈Ÿ°§â“¡“°¢÷Èπ ∫‘Í°´’¡’°“√ª√—∫‡ª≈’Ë¬π ‘π§â“ ª√–‡¿∑µà“ßÊ‡æ◊ËÕµÕ∫ πÕß§«“¡µâÕß°“√¢Õß≈Ÿ°§â“ Õ¬Ÿàµ≈Õ¥‡«≈“ πÕ°®“°π’È Õ’°°≈¬ÿ∑∏å∑’Ë ”§—≠„πªïπ’È §◊Õ °“√‡æ‘Ë ¡ ‘ π §â “ ª√–‡¿∑‡Œâ “ å · ∫√π¥å „ Àâ ¡’ § «“¡ À≈“°À≈“¬¬‘Ëß¢÷Èπ ‡∑§‚π‚≈¬’ * °“√¥”‡π‘π∏ÿ√°‘®§â“ª≈’°¢Õß∫‘Í°´’®”‡ªìπµâÕß¡’√–∫∫ °“√∫√‘À“√°“√®—¥°“√∑’Ë¡’ª√– ‘∑∏‘¿“æ ‡æ◊ËÕÕ”π«¬ §«“¡ –¥«°„π°“√ —Ëß´◊ÈÕ ‘π§â“¢Õß≈Ÿ°§â“∑—Ë«ª√–‡∑» °“√„Àâ§«“¡ ”§—≠°—∫√–∫∫‡∑§‚π‚≈¬’∂◊Õ‡ªìπ√“°∞“π ¢Õß§«“¡ ”‡√Á®¢Õß∫‘°Í ´’ ∫‘°Í ´’‡™◊ÕË ¡—πË «à“∫‘°Í ´’‡ªìπ∫√‘…∑— §â “ ª≈’ ° ∑’Ë ¡’ √ –∫∫∫√‘ À “√¢â Õ ¡Ÿ ≈ ∑’Ë ¥’ ∑’Ë ÿ ¥ „π∏ÿ √ °‘ ® ·≈– ∫‘Í°´’®–¡ÿàß‡πâπæ—≤π“ª√– ‘∑∏‘¿“æ·≈–§«“¡ “¡“√∂ „π°“√·¢àß¢—πÕ¬à“ßµàÕ‡π◊ËÕßµàÕ‰ª ”À√—∫ªï 2550 ∫‘Í°´’¡ÿàß¡—Ëπª√—∫ª√ÿßª√– ‘∑∏‘¿“æ¢Õß√–∫∫°“√∫√‘À“√ ‘ π §â “ À√◊ Õ √–∫∫ çGoldé ‚¥¬‡©æ“–„π à « π¢Õß ´—ææ≈“¬‡™π·≈–°“√∫√‘À“√ ‘π§â“‚¥¬°“√„™â√–∫∫ Voice picking „π°“√À“ ‘π§â“ ´÷Ëß®–‡ªìπª√–‚¬™πåµàÕ »Ÿπ¬å°√–®“¬ ‘π§â“¢Õß∫‘Í°´’ * √–∫∫≈Õ®‘ µ‘° å ∫‘Í°´’¡’°“√ª√—∫ª√ÿß√–∫∫≈Õ®‘ µ‘° åÕ¬à“ßµàÕ‡π◊ËÕß ‡æ◊ËÕ ‡æ‘Ë¡ª√– ‘∑∏‘¿“æ·≈–≈¥§à“„™â®à“¬„π°“√¥”‡π‘πß“π „πªï 2549 ∫‘Í°´’ “¡“√∂≈¥§à“„™â®à“¬„π°“√¢π àß‰¥â ª√–¡“≥ 5% ‚¥¬‡ª≈’Ë¬π√–∫∫°“√¢π àß ‘π§â“‰ª¬—ß

“¢“®“°‡¥‘¡®—¥ àß·∫∫æ“‡≈Á∑‡ªìπ°“√®—¥ àß·∫∫‡ªìπ À’∫ÀàÕ¢π“¥‡≈Á° æ√âÕ¡∑—Èßª√—∫ª√ÿß¢—ÈπµÕπ°“√¥”‡π‘π ß“π ·≈–√–∫∫‡∑§‚π‚≈¬’‡æ◊ËÕ‡æ‘Ë¡ª√– ‘∑∏‘¿“æ¢Õß °“√∫√‘À“√µâπ∑ÿπÕ¬à“ßµàÕ‡π◊ËÕß ”À√—∫ªï 2550 ∫‘Í°´’ ¡’ ‚ §√ß°“√‡æ‘Ë ¡ ª√– ‘ ∑ ∏‘ ¿ “æ¢Õß√–∫∫≈Õ®‘ µ‘ ° å ”À√—∫ ‘π§â“ª√–‡¿∑Õ“À“√ ¥‚¥¬‡æ‘Ë¡°“√µ√«® Õ∫ §ÿ≥¿“æ§«“¡ ¥¢Õß ‘π§â“¡“°¬‘Ëß¢÷Èπ πÕ°®“°π’È ∫‘Í°´’ ®–®—¥∑”‚§√ß°“√≈¥°“√„™âæ≈—ßß“π„π°“√¢π àßµàÕ ‡π◊ËÕß®“°ªï 2549 ‡™àπ √–∫∫°“√¢π àß ‘π§â“‚¥¬„™â À’∫ÀàÕ¢π“¥‡≈Á° (loose-case loading) √–∫∫√∂ ‘ π §â “ Õ“À“√·Àâ ß æà « ß‰ª°— ∫ √∂ ‘ π §â “ Õ“À“√ ¥ (dog-trailers) °“√„™â°ä“´‡ÕÁπ®’«’„π√∂¢π àßµ≈Õ¥ ®π°“√æ— ≤ π“√–∫∫®— ¥ à ß ‘ π §â “ ·∫∫æ— ° ‘ π §â “ à ß (cross-docking) √à«¡°—∫§Ÿà§â“ ‡æ◊ËÕ≈¥ ‘π§â“§ß§≈—ß ·≈–®”π«π ‘π§â“∑’Ë«“ß¢“¬ ´÷Ëß®–‡ªìπª√–‚¬™πåµàÕ §Ÿà§â“„π¥â“π°“√À¡ÿπ‡«’¬π¢Õß ‘π§â“‡√Á«¢÷Èπ * ∫ÿ§≈“°√ ∑’∫Ë °‘Í ´’ ‡√“‡πâπ¬È” ç°“√∫√‘°“√¥â«¬„® √—∫„™â¥«â ¬√Õ¬¬‘¡È é ∫‘Í ° ´’ π— ∫ πÿ π °“√Ωñ ° Õ∫√¡‡æ◊Ë Õ æ— ≤ π“∑— ° …–¢Õß æπ— ° ß“πÕ’ ° ∑—È ß à ß ‡ √‘ ¡ „Àâ æ π— ° ß“π¡’ ¡ πÿ … ¬ — ¡ æ— π ∏å °√–µ◊Õ√◊Õ√âπ„π°“√∑”ß“π ·≈–¡ÿàß¡—Ëπ √â“ß§«“¡æ÷ß æÕ„®·°à≈Ÿ°§â“„πªï 2550 ∫‘Í°´’®–¥”‡π‘π‚§√ß°“√Ωñ° Õ∫√¡·°àæπ—°ß“πÕ¬à“ßµàÕ‡π◊ËÕß‡æ◊ËÕ„Àâ¡—Ëπ„®«à“≈Ÿ°§â“ ®–‰¥â√—∫ª√– ∫°“√≥å∑’Ëπà“ª√–∑—∫„®‡¡◊ËÕ¡“´◊ÈÕ ‘π§â“∑’Ë ∫‘Í°´’

to stores from palletized loads to a more efficient carton-based system. Big C will continue to seek cost savings and efficiency gains through improved working processes and technology. Some of our initiatives for 2007 include increasing the efficiency of our fresh food distribution system and managing more products while certifying freshness and quality throughout the logistics chain. Big C will implement a comprehensive program to reduce the amount of energy required for transportation including the use of loose-case loading, dog-trailers and natural gas powered vehicles (NGV). We will also develop a cross-docking process to reduce inventory and improve shelf availability of products for customers, which will also benefit our suppliers through more rapid sales turnover. People At Big C, we çhire the smile and train the skill.é This gives us a workforce of motivated, friendly employees who focus on delivering customer satisfaction. For 2007, Big C will continue to provide ongoing training to ensure all of our staff focus on offering customers a fun and enjoyable shopping experience.

∫‘Í°´’ “¢“„π°√ÿß‡∑æ¡À“π§√ Big C Supercenter in Greater Bangkok 1 √—ß ‘µ

2 ≈”≈Ÿ°°“ Lamlukka 4 ·®âß«—≤π–

3 √—µπ“∏‘‡∫»√å

5 ¥Õπ‡¡◊Õß

6 µ‘«“ππ∑åå

7 ·ø™—Ëπ‰Õ´å·≈π¥å 8 «ß»å «à“ß

9 ≈“¥æ√â“« 10 ÿ¢“¿‘∫“≈ 3 Sukaphiban 3

11 –æ“π§«“¬ 12 π§√ª∞¡ Nakonpathom

14 À—«À¡“°

15 ¥“«§–πÕß 13 √“™¥”√‘

17 ÕâÕ¡„À≠à Oam Yai

16 ‡Õ°¡—¬ Ekamai 18 ‡æ™√‡°…¡ Petchkasem

20 ∫“ßπ“ Bangna

19 √“…Æ√å∫Ÿ√≥– Ratburana 21 ”‚√ß

22 æ√–√“¡2 23 ÿ¢ «— ¥‘Ï

24 ∫“ßæ≈’ Bangphli 25 ¡ÿ∑√ª√“°“√

“¢“ ≥ æ.». 2549 1. 5. 9. 13. 17. 21. 25.

√—ß ‘µ ¥Õπ‡¡◊Õß ≈“¥æ√â“« √“™¥”√‘ ÕâÕ¡„À≠à ”‚√ß ¡ÿ∑√ª√“°“√

2. 6. 10. 14. 18. 22.

≈”≈Ÿ°°“ (29 µ.§.) µ‘«“ππ∑å ÿ¢“¿‘∫“≈ 3 À—«À¡“° ‡æ™√‡°…¡ æ√–√“¡ 2

3. 7. 11. 15. 19. 23.

√—µπ“∏‘‡∫»√å ·ø™—πË ‰Õ´å·≈π¥å –æ“π§«“¬ ¥“«§–πÕß √“…Æ√å∫Ÿ√≥– ÿ¢ «— ¥‘Ï

4. 8. 12. 16. 20. 24.

·®âß«—≤π– «ß»å «à“ß π§√ª∞¡ ‡Õ°¡—¬ ∫“ßπ“ ∫“ßæ≈’

Lamlukka (Oct 29) Tiwanond Sukaphiban 3 HuaMark Petchkasem Rama 2

3. 7. 11. 15. 19. 23.

Rattanathibet Fashion Island Saphankwai Daokanong Rajburana Suksawad

4. 8. 12. 16. 20. 24.

Chaengwattana Wongsawang Nakon pathom Ekamai Bangna Bangphli

As at the end of 2006 1. 5. 9. 13. 17. 21. 25.

Rangsit Don Muang Ladprao Ratdamri Oam Yai Samrong Samutprakarn

2. 6. 10. 14. 18. 22.

∫‘Í°´’ “¢“µà“ß®—ßÀ«—¥ Big C Supercenter in Upcountry 1.‡™’¬ß√“¬ 2. ‡™’¬ß„À¡à(À“ß¥ß) Chiang Mai (Hang Dong) 3.‡™’¬ß„À¡à 7.Õÿ¥√∏“π’

4.≈”æŸπ 6.·æ√à

8. °≈π§√ 5.≈”ª“ß 10.¢Õπ·°àπ 9.æ‘…≥ÿ‚≈°

11.π§√ «√√§å 12.Õÿ∫≈√“™∏“π’ 13.≈æ∫ÿ√’ 15. ÿ√‘π∑√å 14.‚§√“™ 18.√“™∫ÿ√’

17.ª√“®’π∫ÿ√’

21.‡æ™√∫ÿ√’

16.©–‡™‘ß‡∑√“

19.™≈∫ÿ√’

23.√–¬Õß

20.æ—∑¬“‡Àπ◊Õ Pattaya-North 22.æ—∑¬“„µâ Pattaya-South

24. ¡ÿ¬ Samui 25. ÿ√“…Ø√å∏“π’ Suratthani

27.À“¥„À≠à Had Yai

26.¿Ÿ‡°Áµ Phuket

28.ªíµµ“π’ Pattani

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As at the end of 2006 5. ≈”ª“ß 8. °≈π§√ 11. π§√ «√√§å 14. ‚§√“™ 17. ª√“®’π∫ÿ√(’ 14∏.§.) 21. ‡æ™√∫ÿ√’ 25. ÿ√“…Æ√å∏“π’ 28. ªíµµ“π’

: Õ¬Ÿà√–À«à“ß°“√°àÕ √â“ß : Õ¬Ÿà√–À«à“ß°“√°àÕ √â“ß : Õ¬Ÿà√–À«à“ß°“√°àÕ √â“ß : Õ¬Ÿà√–À«à“ß°“√°àÕ √â“ß

1. Chiang Rai 6. Phare (May 11) 9. Phitsanulok 12. Ubon Ratchathani 15. Surin 18. Rajchaburi (Jun 6) 22. Pattaya-South 26. Phuket

3. 7. 10. 13. 16. 20. 23. 27.

Chiang Mai Udonthani Khon Kaen Lopburi Chachoengsao Pattaya-North Rayong Hat Yai

2007 Openings 2. Chiang Mai (Hangdong) 4. Lamphun 19. Chonburi 24. Samui

5. Lampang 8. Sakonnakhon 11. Nakonsawan 14. Korat 17. Prachinburi(Dec14) 21. Phetchaburi 25. Suratthani 28. Pattani

: UC (Q2) : UC (Q3) : UC (Q4) : UC (Q4)

∂“π∑’Ëµ—Èß¢Õß ”π—°ß“π„À≠à ∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) Õ“§“√¬Ÿπ‘‡« ∑å ™—Èπ 7 ‡≈¢∑’Ë 89/36 ∂ππ√“™¥”√‘ ·¢«ß≈ÿ¡æ‘π’ ‡¢µª∑ÿ¡«—π °√ÿß‡∑æœ 10330 ‚∑√»—æ∑å 0-2655-0666 ‚∑√ “√ 0-2655-5801 ∑–‡∫’¬π∫√‘…—∑‡≈¢∑’Ë ∫¡®. 0107536000633 (‡¥‘¡‡≈¢∑’Ë ∫¡®.137) ∂“π∑’Ëµ—Èß “¢“¢Õß∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ≈”¥—∫

™◊ËÕ-∑’ËÕ¬Ÿà “¢“¢Õß∫√‘…—∑œ

«—π∑’Ë‡ªî¥¥”‡π‘π°“√

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“·®âß«—≤π–) 96 ¡.1 ∂.·®âß«—≤π– ·¢«ß∑ÿàß ÕßÀâÕß ‡¢µÀ≈—° ’Ë °∑¡. 10210

15 ¡.§. 36

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“«ß»å «à“ß) 888 ∂.æ‘∫Ÿ≈ ß§√“¡ ·¢«ß∫“ß´◊ËÕ ‡¢µ∫“ß´◊ËÕ °∑¡. 10800

20 ‡¡.¬. 33

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“√“…Æ√å∫Ÿ√≥–) 19 ¡.9 ∂.√“…Æ√å∫Ÿ√≥– ·¢«ß∫“ßª–°Õ° ‡¢µ√“…Æ√å∫Ÿ√≥– °∑¡. 10140

25 æ.¬. 36

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“æ—∑¬“) 78/12 ¡.9 ∂.æ—∑¬“ “¬ 2 µ.ÀπÕßª√◊Õ Õ.∫“ß≈–¡ÿß ®.™≈∫ÿ√’ 20150

17 æ.§. 37

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“π§√ª∞¡) 754 ∂.‡æ™√‡°…¡ µ.Àâ«¬®√‡¢â Õ.‡¡◊Õßπ§√ª∞¡ ®.π§√ª∞¡ 73000

1 ¡’.§. 38

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“√“™¥”√‘) 89/36, 97/11 ∂.√“™¥”√‘Àå ·¢«ß≈ÿ¡æ‘π’ ‡¢µª∑ÿ¡«—π °∑¡. 10330

10 ∏.§. 38

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“∫“ßæ≈’) 89 ¡.9 ∂.‡∑æ“√—°…å°‘‚≈‡¡µ√ 13 µ.∫“ßæ≈’„À≠à Õ.∫“ßæ≈’ ®. ¡ÿ∑√ª√“°“√ 10540

1 °.æ. 39

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) * “¢“√—ß ‘µ* 94 ∂.æÀ≈‚¬∏‘π µ.ª√–™“∏‘ªíµ¬å Õ.∏—≠∫ÿ√’ ®.ª∑ÿ¡∏“π’ 12130

14 æ.§. 37

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π ( “¢“Õÿ¥√∏“π’) 415 ¡.3 µ.À¡“°·¢âß Õ.‡¡◊Õß ®.Õÿ¥√∏“π’ 41000

15 µ.§. 39

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) * “¢“‚§√“™* 118 ∂.¡‘µ√¿“æ-ÀπÕß§“¬ µ.„π‡¡◊Õß Õ.‡¡◊Õßπ§√√“™ ’¡“ ®.π§√√“™ ’¡“ 30000

19 ∏.§. 39

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“ ÿ√“…Æ√å∏“π’) 130 ¡.1 ∂.‡≈’Ë¬ß‡¡◊Õß µ.∫“ß°ÿâß Õ.‡¡◊Õß ®. ÿ√“…Æ√å∏“π’ 84000

26 ¡’.§. 40

Locations of the branches of Big C Supercenter PLC No.

Name and Address of the Branches

Date of Opening

Big C Supercenter Public Co., Ltd. (Chaeng Wattana branch) 96 Moo 1, Chaeng Wattana Road, Thung Song Hong sub-district, Lak Si district, Bangkok 10210

15 Jan. 1993

Big C Supercenter Public Co., Ltd. (Wong Sawang branch) 888 Pibul Songkram Road, Bang Sue sub-district, Bang Sue district, Bangkok 10800

20 Apr. 1990

Big C Supercenter Public Co., Ltd. (Rat Burana branch) 19 Moo 9, Rat Burana Road, Bang Prakok Sub-district, Rat Burana district, Bangkok 10140

25 Nov. 1993

Big C Supercenter Public Co., Ltd. (Pattaya branch) 78/12 Moo 9, Pattaya 2 Road, Nong Prue sub-district, Bang Lamung district, Chon Buri 20150

17 May 1994

Big C Supercenter Public Co., Ltd. (Nakhon Pathom branch) 754 Petchakasem Road, Huay Jorake sub-district, Muang Nakhon Pathom district, Nakhon Pathom 73000

1 Mar. 1995

Big C Supercenter Public Co., Ltd. (Ratchadamri branch) 89/36, 97/11 Ratchadamri Road, Lumpini sub-district, Pathumwan district, Bangkok 10330

10 Dec. 1995

Big C Supercenter Public Co., Ltd. (Bang Phli branch) 89 Moo 9, Thepharak Road, km 13, Bang Phli yai sub-district, Bang Phli district, Samut Prakan 10540

1 Feb. 1996

Big C Supercenter Public Co., Ltd. *Rangsit branch* 94 Phaholyothin Road, Pracha Thipat sub-district, Thanburi district, Prathum Thani 12130

14 May 1994

Big C Supercenter Public Co., Ltd. (Udon Thani Branch) 415 Moo 3, Mak Khaeng sub-district, Muang Udon Thani district, Udon Thani 41000

15 Oct. 1996

Big C Supercenter Public Co., Ltd. *Korat Branch* 118 Mitrapap - Nong Khai Road, Nai Muang sub-district, Muang district, Nakhon Ratchasima 30000

19 Dec. 1996

≈”¥—∫

™◊ËÕ-∑’ËÕ¬Ÿà “¢“¢Õß∫√‘…—∑œ

«—π∑’Ë‡ªî¥¥”‡π‘π°“√

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“√—µπ“∏‘‡∫»√å) 6 ¡.6 µ.‡ “∏ßÀ‘π Õ.∫“ß„À≠à ®.ππ∑∫ÿ√’ 11140

10 ‡¡.¬. 40

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“√–¬Õß) 15/11 ∂.∫“ßπ“-µ√“¥ µ.‡™‘ß‡π‘π Õ.‡¡◊Õß ®.√–¬Õß 21000

15 °.§. 40

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“∏π∫ÿ√’-ª“°∑àÕ) 56 ¡.6 ·¢«ß· ¡¥” ‡¢µ∫“ß¢ÿπ‡∑’¬π °∑¡. 10510

12 °.¬. 40

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“≈”ª“ß) 65 ∂.‰Œ‡«¬å≈”ª“ß-ß“« µ. ∫µÿã¬ Õ.‡¡◊Õß≈”ª“ß ®.≈”ª“ß 52100

31 µ.§. 40

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“≈æ∫ÿ√’) 2 ¡.1 µ.∑à“»“≈“ Õ.‡¡◊Õß≈æ∫ÿ√’ ®.≈æ∫ÿ√’ 15000

20 æ.¬. 40

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“‡æ™√∫ÿ√’) 130 ¡.1 µ.µâπ¡–¡à«ß Õ.‡¡◊Õß‡æ™√∫ÿ√’ ®.‡æ™√∫ÿ√’ 76000

26 ¡.§. 41

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“À“¥„À≠à) 111/19 ¡.4 µ.§≈Õß·À Õ.À“¥„À≠à ®. ß¢≈“ 90110

19 µ.§. 43

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“À—«À¡“°) 2001 ∂.√“¡§”·Àß ·¢«ßÀ—«À¡“° ‡¢µ∫“ß°–ªî °∑¡. 10240

22 µ.§. 43

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“ ¡ÿ∑√ª√“°“√) 498/1 ∂. ÿ¢ÿ¡«‘∑ µ.ª“°πÈ” Õ.‡¡◊Õß ¡ÿ∑√ª√“°“√ ®. ¡ÿ∑√ª√“°“√ 10280

31 µ.§. 43

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“Õÿ∫≈√“™∏“π’) 92 ´.∏√√¡«‘∂’ 4 ∂.∏√√¡«‘∂’ µ.„π‡¡◊Õß Õ.‡¡◊ÕßÕÿ∫≈√“™∏“π’ ®.Õÿ∫≈√“™∏“π’ 34000

26 ‡¡.¬. 44

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“¥Õπ‡¡◊Õß) 1 ´.æÀ≈‚¬∏‘π 50 ∂.æÀ≈‚¬∏‘π ·¢«ßÕπÿ “«√’¬å ‡¢µ∫“ß‡¢π °∑¡. 10220

28 ¡‘.¬. 44

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“·ø™—Ëπ‰Õ´å·≈π¥å) 593 ∂.√“¡Õ‘π∑√“ ·¢«ß§—ππ“¬“« ‡¢µ§—ππ“¬“« °∑¡. 10230

5 °.§. 44

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“ ÿ¢ «— ¥‘Ï) 94 À¡Ÿà∑’Ë 18 µ.∫“ßæ÷Ëß Õ.æ√–ª√–·¥ß ®. ¡ÿ∑√ª√“°“√ 10130

9 æ.¬. 44

No.

Name and Address of the Branches

Date of Opening

Big C Supercenter Public Co., Ltd. (Surat Thani branch) 130 Moo 1, Liang Muang Road, Bang Kung sub-district, Muang district, Surat Thani 84000

26 Mar. 1997

Big C Supercenter Public Co., Ltd. (Ratana Thibet branch) 6 Moo 6, Sao Thong Hin sub-district, Bang Yai district, Nonthaburi 11140

10 Apr. 1997

Big C Supercenter Public Co., Ltd. (Rayong branch) 15/11 Bang Na-Trat Road, Choeng Nern sub-district, Muang district, Rayong 21000

15 Jul. 1997

Big C Supercenter Public Co., Ltd. (Thon Buri-Paktho branch) 56 Moo 6, Samae Dam sub-district, Bang Khun Tien district, Bangkok 10510

12 Sep. 1997

Big C Supercenter Public Co., Ltd. (Lampang branch) 65 Highway Lampang â&#x20AC;ş Ngaw Road, Sob Tui sub-district, Muang Lampang district, Lampang 52100

31 Oct. 1997

Big C Supercenter Public Co., Ltd. (Lop Buri branch) 2 Moo 1, Tha Sala sub-district, Muang Lop Buri district, Lop Buri 15000

20 Nov. 1997

Big C Supercenter Public Co., Ltd. (Petchaburi branch) 130 Village 1, Ton Mamuang sub-district, Muang Petchaburi district, Phetchaburi 76000

26 Jan. 1998

Big C Supercenter Public Co., Ltd. (Hat Yai branch) 111/19 Mooo 4, Klong Hae sub-district, Hat Yai district, Song Khla 90110

19 Oct. 2000

Big C Supercenter Public Co., Ltd.(Hua Mark brach) 2001 Ramkhamhaeng Road, Hua Mark sub-district, Bang Kapi district, Bangkok 10240

22 Oct. 2000

Big C Supercenter Public Co., Ltd. (Samut Prakan branch) 498/1 Sukhumvit Road, Pak Nam sub-district, Muang Samut Prakan district, Samut Prakan 10280

31 Oct. 2000

≈”¥—∫

™◊ËÕ-∑’ËÕ¬Ÿà “¢“¢Õß∫√‘…—∑œ

«—π∑’Ë‡ªî¥¥”‡π‘π°“√

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“¿Ÿ‡°Áµ) 72 ¡.5 µ.«‘™‘µ Õ.‡¡◊Õß¿Ÿ‡°Áµ ®.¿Ÿ‡°Áµ 83000

29 æ.¬. 44

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“∫“ßπ“) 111 ∂.∫“ßπ“-µ√“¥ ·¢«ß∫“ßπ“ ‡¢µ∫“ßπ“ °∑¡. 10260

6 °.æ. 45

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“≈“¥æ√â“«) 2539 ∂.≈“¥æ√â“« ·¢«ß«—ß∑ÕßÀ≈“ß ‡¢µ«—ß∑ÕßÀ≈“ß °∑¡. 10310

26 ¡‘.¬. 45

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“¥“«§–πÕß) 1050 ∂. ¡‡¥Á®æ√–‡®â“µ“° ‘π ·¢«ß∫ÿ§§‚≈ ‡¢µ∏π∫ÿ√’ °∑¡. 10600

6 °.¬. 45

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“µ‘«“ππ∑å) 9/9 ¡.5 µ.µ≈“¥¢«—≠ Õ.‡¡◊Õßππ∑∫ÿ√’ ®.ππ∑∫ÿ√’ 11000

1 æ.¬. 45

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“æ—∑¬“„µâ) 565/41 ¡.10 µ.ÀπÕßª√◊Õ Õ.∫“ß≈–¡ÿß ®.™≈∫ÿ√’ 20150

28 ¡’.§. 46

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“π§√ «√√§å) 320/10 ∂. «√√§å«‘∂’ µ.ª“°πÈ”‚æ Õ.‡¡◊Õßπ§√ «√√§å ®.π§√ «√√§å 60000

27 ¡‘.¬. 46

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“ –æ“π§«“¬) 618/1 ∂.æÀ≈‚¬∏‘π ·¢«ß “¡‡ π„π ‡¢µæ≠“‰∑ °∑¡. 10400

27 æ.¬. 46

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“©–‡™‘ß‡∑√“) 9/1 ∂.©–‡™‘ß‡∑√“-∫“ßª–°ß µ.Àπâ“‡¡◊Õß Õ.‡¡◊Õß©–‡™‘ß‡∑√“ ®.©–‡™‘ß‡∑√“ 24000

1 ¡’.§. 47

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“ ”‚√ß) 999 ¡.1 ∂. ÿ¢ÿ¡«‘∑ µ. ”‚√ß‡Àπ◊Õ Õ.‡¡◊Õß ¡ÿ∑√ª√“°“√ ®. ¡ÿ∑√ª√“°“√ 10270

23 °.¬. 47

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“ªíµµ“π’) 301 ¡.4 µ.√Ÿ –¡‘·≈ Õ.‡¡◊Õßªíµµ“π’ ®.ªíµµ“π’ 94000

27 µ.§. 47

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“ ÿ√‘π∑√å) 8 ∂.À≈—°‡¡◊Õß µ.„π‡¡◊Õß Õ.‡¡◊Õß ®. ÿ√‘π∑√å 32000

24 ∏.§. 47

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“ÕâÕ¡„À≠à) 17/17 ¡.8 µ.ÕâÕ¡„À≠à Õ. “¡æ√“π ®.π§√ª∞¡ 73160

12 ‡¡.¬. 48

Name and Address of the Branches

Date of Opening

Big C Supercenter Public Co., Ltd. (Ubon Ratchathani branch) 92 Soi Thamwithi 4, Thamwithi Road, Nai Muang sub-district, Muang Ubon Ratchathani district, Ubon Ratchani 34000

26 Apr. 2001

Big C Supercenter Public Co., Ltd. (Don Muang branch) 1 Soi Phaholyothin 50, Phaholyothin Road, Anusawari sub-district, Bang Khen district, Bangkok 10220

28 Jun. 2001

Big C Supercenter Public Co.,Ltd. (Fashion Island branch) 593 Ram Intra Road, Kanna Yao sub-district, Kanna Yao district, Bangkok 10230

5 Jun. 2001

Big C Supercenter Public Co., Ltd. (Suksawad branch) 94 Moo 18, Bang Phung sub-district, Phra Pradaeng district, Samut Prakan 10130

9 NOV. 2001

Big C Supercenter Public Co., Ltd. (Phuket branch) 72 Moo 5, Wichit sub-district, Muang Phuket district, Phuket 83000

29 Nov. 2001

Big C Supercenter Public Co., Ltd. (Bang Na branch) 111 Bang Na-Trat Road, Bang Na sub-district, Bang Na district, Bangkok 10260

6 Feb. 2002

Big C Supercenter Public Co., Ltd. (Lad Phrao branch) 2539 Lat Phrao Road, Wang Thong Lang sub-district, Wang Thong Lang district, Bangkok 10310

26 Jun. 2002

Big C Supercenter Public Co., Ltd. (Dao Kanong branch) 1050 Somdet Phra Chao Taksin Road, Bukkhalo sub-district, Thon Buri district, Bangkok 10600

6 Sep. 2002

Big C Supercenter Public Co., Ltd. (Tiwanon branch) 9/9 Moo 5, Talat Kwan sub-district, Muang Nonthaburi district, Nonthaburi 11000

1 Nov. 2002

Big C Supercenter Public Co., Ltd. (South Pattaya branch) 565/41 Moo 10, Nongprue sub-district, Bangramung district, Chonburi 20150

28 Mar. 2003

No.

≈”¥—∫

™◊ËÕ-∑’ËÕ¬Ÿà “¢“¢Õß∫√‘…—∑œ

«—π∑’Ë‡ªî¥¥”‡π‘π°“√

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“‡™’¬ß„À¡à) 208 ¡.3 µ.∑à“»“≈“ Õ.‡¡◊Õß‡™’¬ß„À¡à ®.‡™’¬ß„À¡à 50000

1 æ.§. 48

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“‡æ™√‡°…¡) 611 ¡.10 ·¢«ß∫“ß·§ ‡¢µ∫“ß·§ °∑¡. 10160

17 °.§. 48

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“ ÿ¢“¿‘∫“≈ 3) 103 ∂.√“¡§”·Àß ·¢«ß¡’π∫ÿ√’ ‡¢µ¡’π∫ÿ√’ °∑¡. 10110

1 °.¬. 48

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“‡Õ°¡—¬) 78 ´. ÿ¢ÿ¡«‘∑ 63 (‡Õ°¡—¬) ·¢«ßæ√–‚¢πß‡Àπ◊Õ ‡¢µ«—≤π“ °∑¡. 10110

9 æ.¬. 48

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“ °≈π§√) 1594/16 ∂.√Õ∫‡¡◊Õß µ.∏“µÿ‡™‘ß™ÿ¡ Õ.‡¡◊Õß °≈π§√ ®. °≈π§√ 47000

26 æ.¬. 48

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“‡™’¬ß√“¬) 184 ¡.25 µ.√Õ∫‡«’¬ß Õ.‡¡◊Õß ®.‡™’¬ß√“¬ 57000

1 ‡¡.¬. 49

* «—π∑’Ë 24 °.¬. 40 ∂÷ß 30 ¡’.§. 49 “¢“π’È∫√‘À“√ß“π¿“¬„µâ™◊ËÕ ∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ *

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“·æ√à) 600 À¡Ÿà∑’Ë 9 µ.π“®—°√ Õ.‡¡◊Õß·æ√à ®.·æ√à 54000

11 æ.§. 49

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“√“™∫ÿ√’) 534 À¡Ÿà∑’Ë 1 µ.‚§°À¡âÕ Õ.‡¡◊Õß√“™∫ÿ√’ ®.√“™∫ÿ√’ 70000

6 ¡‘.¬. 49

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“≈”≈Ÿ°°“) 10 À¡Ÿà∑’Ë 12 µ.∫÷ß§”æ√âÕ¬ Õ.≈”≈Ÿ°°“ ®.ª∑ÿ¡∏“π’ 12150

17 µ.§. 49

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ( “¢“ª√“®’π∫ÿ√’) 630/1 ∂ππ√“…Æ√¥”√‘ µ.Àπâ“‡¡◊Õß Õ.‡¡◊Õßª√“®’π∫ÿ√’ ®.ª√“®’π∫ÿ√’ 25000

14 ∏.§. 49

πÕ°®“°π’È¬—ß¡’Àâ“ß∫‘Í°´’∑’Ë∫√‘À“√ß“π‚¥¬∫√‘…—∑¬àÕ¬¢Õß∫√‘…—∑œ ¥—ßµàÕ‰ªπ’È§◊Õ ≈”¥—∫

™◊ËÕ-∑’ËÕ¬Ÿà “¢“¢Õß∫√‘…—∑œ

«—π∑’Ë‡ªî¥¥”‡π‘π°“√

∫√‘…—∑ ∫‘Í°´’ ·ø√’Ë ®”°—¥ 290/1 ¡.17 µ.„π‡¡◊Õß Õ.‡¡◊Õß ®.¢Õπ·°àπ 40000

11 ∏.§. 39

∫√‘…—∑ æ‘…≥ÿ‚≈° ∫‘Í°´’ ®”°—¥ 939 ∂.æ‘™—¬ ß§√“¡ µ.„π‡¡◊Õß Õ.‡¡◊Õßæ‘…≥ÿ‚≈° ®.æ‘…≥ÿ‚≈° 65000

3 ‡¡.¬. 40

No.

Name and Address of the Branches

Date of Opening

Big C Supercenter Public Co., Ltd. (Nakornsawan branch) 320/10 Sawanviti Road, Pangnampo sub-district, Mueng-nakornsawan district, Nakonsawan 60000

22 Jun. 2003

Big C Supercenter Public Co., Ltd. (Saphankwai branch) 618/1 Paholyothin Road, Samsean Nai sub-district, Phayathai district, Bangkok 10400

27 Nov. 2003

Big C Supercenter Public Co., Ltd. (Chachoengsao branch) 9/1 Chachoengsao-Bangpakong Road, Naa-Muang sub-district, Muang Chachoengsao district, Chachoengsao 24000

1 Mar. 2004

Big C Supercenter Public Co., Ltd. (Samrong branch) 999 Moo 1, Sukumvit Road, North Samrong sub-district, Muang Samutprakarn district, Samutprakarn 10270

23 Sep. 2004

Big C Supercenter Public Co., Ltd. (Pattani branch) 301 Moo 4, Rusamilae sub-district, Muang Pattani district, Pattani 94000

27 Oct. 2004

Big C Supercenter Public Co., Ltd., Surin branch 8 Lakmuang Road, Nai Muang sub-district, Muang district, Surin 32000

24 Dec. 2004

Big C Supercenter Public Co., Ltd. (Oamyai branch) 17/17 Moo 8, Oamyai sub-district, Sampran district, Nakornpathom 73160

12 Apr. 2005

Big C Supercenter Public Co., Ltd. (Chiang Mai branch) 208 Moo 3, Tarsala sub-district, Muang Chiang Mai district, Chiang Mai 50000

1 May 2005

Big C Supercenter Public Co., Ltd. (Phetchakasem branch) 611 Moo 10, Bangkae sub-district, Bangkae district, Bangkok 10160

17 Jul. 2005

Big C Supercenter Public Co., Ltd. (Sukaphiban 3 branch) 103 Ramkamhaeng Road, Meanburi sub-district, Meanburi district, Bangkok 10110

1 Sep. 2005

No.

Name and Address of the Branches

Date of Opening

Big C Supercenter Public Co., Ltd. (Ekamai branch) 78 Soi Sukumvit 63 (Ekamai), North Prakanong sub-district, Wattana district, Bangkok 10110

9 Nov. 2005

Big C Supercenter Public Co., Ltd. (Sakon Nakhon branch) 1594/16 Robmuang Road, Tartchoengchum sub-district, Muang Sakon Nakhon district, Sakon Nakhon 47000

26 Nov. 2005

Big C Supercenter Public Co., Ltd. (Chiang Rai branch) 184 Moo 25, Roabwieng Sub-district, Muang District, Chiang Rai Province 57000 * From 24 September 1997 till 31 March 2006, this store had been managed by Chiang Rai Big C Co.,Ltd.

Big C Supercenter Public Co., Ltd. (Phrae Branch) 600 Moo 9 Najak Sub-district, Muang Phrae District, Phrae 54000

Big C Supercenter Public Co., Ltd. (Ratchaburi Branch) 534 Moo 1 Koagmoe Sub-district, Muang Ratchaburi District, Ratchaburi 70000

6 Jun.2006

Big C Supercenter Public Co., Ltd. (Lam Luk Ka Branch) 10 Moo 12 Bungkumproy Sub-district, Lum Luk Ka District, Pathumthani 12150

17 Oct.2006

Big C Supercenter Public Co., Ltd. (Prachinburi Branch) 630/1 Ratsadorndamri Rd., Naa Muang Sub-district, Muang Prachinburi District, Prachinburi 25000

14 Dec.2006

1 Apr.2006

11 May.2006

Furthermore, the Big C Stores which are managed by the subsidiary companies of Big C Supercenter PLC are as follows: No. 1

Name and Address of the Branches Big C Fairy Co., Ltd. 290/1 Moo 17, Nai Muang sub-district, Muang district, Khon Kaen 40000 Phisanulok Big C Co., Ltd. 939 Phichai Songkram Road, Nai Muang sub-district, Muang Phisanulok district, Phisanulok 65000

Date of Opening 11 Dec. 1996 3 Apr. 1997

°“√‡ªî¥ “¢“¢Õß∫‘Í°´’„πªï 2549

New Big C Stores Opened in 2006

“¢“·æ√à ∫‘Í°´’‡ªî¥ “¢“·æ√à ´÷Ëß‡ªìπ “¢“≈”¥—∫∑’Ë 46 ‡¡◊ËÕ«—π∑’Ë 11 æƒ…¿“§¡ 2549 ‡æ◊ÕË ¢¬“¬∞“π≈Ÿ°§â“„π¿“§‡Àπ◊Õ ‚¥¬ ¡’æ◊Èπ∑’Ë 37,000 µ√¡. ·∫àß‡ªìπæ◊Èπ∑’Ë¢“¬ 5,500 µ√¡. ¡’ æ◊È π ∑’Ë ® Õ¥√∂®”π«π 620 §— π ·≈–¡’ ° “√®â “ ßß“π ∑âÕß∂‘Ëπ®”π«π 145 §π

Phrae

“¢“√“™∫ÿ√’ ∫‘°Í ´’‡ªî¥ “¢“√“™∫ÿ√’ ´÷ßË ‡ªìπ “¢“≈”¥—∫∑’Ë 47 ¢Õß∫‘°Í ´’ „π«—π∑’Ë 6 ¡‘∂ÿπ“¬π 2549 ‡æ◊ËÕ¢¬“¬¢’¥§«“¡ “¡“√∂„π °“√√Õß√—∫ºŸâ∫√‘‚¿§„π¿“§°≈“ßÕ¬à“ß∑—Ë«∂÷ß ¡’ ‘π§â“π“π“ ™π‘¥®”Àπà“¬ ∑—Èß ‘π§â“∫√‘‚¿§·≈–Õÿª‚¿§ √«¡∑—Èß ‘π§â“ √“§“ª√–À¬—¥°«à“ 50,000 √“¬°“√ ∫πæ◊Èπ∑’Ë√«¡ 23,000 µ“√“ß‡¡µ√ ·∫àß‡ªìπæ◊Èπ∑’Ë¢“¬ª√–¡“≥ 9,250 µ“√“ß‡¡µ√ ¡’æπ◊È ∑’®Ë Õ¥√∂®”π«π 466 §—π ‚¥¬¡’°“√®â“ßß“π∑âÕß∂‘πË 208 §π

Ratchaburi The companyûs 47th store in Thailand opened in Ratchaburi on June 6, 2006, increasing Big Cûs presence in the countryûs central region. It offers over 50,000 food and non-food products including local produce and employs 208 staff. The store covers 23,000 square meters, within which is a 9,250 square meter retail space and parking space for 466 cars.

“¢“≈”≈Ÿ°°“ ∫‘Í°´’‡ªî¥ “¢“≈”≈Ÿ°°“ ´÷Ëß‡ªìπ “¢“≈”¥—∫∑’Ë 48 ‡¡◊ËÕ «—π∑’Ë 29 µÿ≈“§¡ 2549 ‚¥¬¡’°“√®â“ßß“π∑âÕß∂‘Ëπ 320 §π ¡’ ‘π§â“π“π“™π‘¥®”Àπà“¬ ∑—Èß ‘π§â“∫√‘‚¿§·≈–Õÿª‚¿§°«à“ 50,000 √“¬°“√ ∫πæ◊Èπ∑’Ë√«¡ 43,000 µ“√“ß‡¡µ√ ´÷Ëß ‡ªìπæ◊Èπ∑’Ë¢“¬ª√–¡“≥ 10,000 µ“√“ß‡¡µ√ ·≈–¡’æ◊Èπ∑’Ë ®Õ¥√∂ ®”π«π 874 §—π

Lam Luk Ka Big Cûs 48th store opened in suburban Bangkok in Lam Luk Ka, Pathumthani on October 29, 2006. The store, which employs 320 staff, features a comprehensive range of over 50,000 food and non-food products. It covers an area of 43,000 square meters and has a 10,000 square meter retail space and parking space for 874 cars.

On May 11, 2006, Big C has opened its 46th store in Phrae, broadening the companyûs customer base in Thailandûs northern region. The 37,000 square meter store includes a 5,500 square meter retail space, parking space for 620 cars and employs 145 staff.

“¢“ª√“®’π∫ÿ√’ ∫‘Í°´’ ‡ªî¥ “¢“ª√“®’π∫ÿ√’ ´÷Ëß‡ªìπ “¢“≈”¥—∫∑’Ë 49 „π «—π∑’Ë 14 ∏—π«“§¡ 2549 ∫πæ◊Èπ∑’Ë√«¡ 4,000 µ“√“ß‡¡µ√ ·∫àß‡ªìπæ◊Èπ∑’Ë¢“¬ª√–¡“≥ 3,500 µ“√“ß‡¡µ√ ¡’æ◊Èπ∑’Ë ®Õ¥√∂®”π«π 243 §—π ‚¥¬¡’°“√®â“ßß“π∑âÕß∂‘Ëπ 168 §π ‡æ◊Ë Õ ¢¬“¬¢’ ¥ §«“¡ “¡“√∂„π°“√√Õß√— ∫ ºŸâ ∫ √‘ ‚ ¿§„π ¿“§µ–«—πÕÕ°Õ¬à“ß∑—Ë«∂÷ß

Prachinburi Big C closed out 2006 with the December 14 opening of its 49th store in Prachinburi province. The 4,000 square meter store also has a 3,500 square meter retail space, parking space for 243 cars and employs 168 staff. The store brings Big Cûs wide selection of products to residents of this province located to the east of Bangkok.

∫‘Í°´’ √â“ß √√§å™ÿ¡™π Big C in the Community

¡Ÿ≈π‘∏‘∫‘Í°´’ àß‡ √‘¡§ÿ≥¿“æ™’«‘μ∑’Ë¥’¢Õß‡¬“«™π·≈– —ß§¡‰∑¬

* ¡Õ∫∑ÿπ°“√»÷°…“μàÕ‡π◊ËÕß·°àπ—°‡√’¬π™—Èπ¡—∏¬¡μâπ ∑—Ë«ª√–‡∑» ∑ÿπ≈– 3,000 ∫“∑ ®”π«π∑—Èß ‘Èπ 2,200 ∑ÿπ * ¡Õ∫∑ÿπ°“√»÷°…“·°à∫ÿμ√ ∏‘¥“ ºÕ.√√. ™ÿ¡™π∫â“π ∫“ß‡°à“ Õ. “¬∫ÿ√’ ®.ªíμμ“π’ ´÷Ëß∂Ÿ° —ßÀ“√‚¥¬ ºŸâ°àÕ°“√√â“¬¿“§„μâ * ¡Õ∫™ÿ¥ “√“πÿ°√¡‰∑¬ ”À√—∫‡¬“«™π ‚¥¬æ√– √“™ª√– ß§å „ πæ√–∫“∑ ¡‡¥Á ® æ√–‡®â “ Õ¬Ÿà À— « æ√âÕ¡μŸâ∫√√®ÿ‡ ¡◊Õπ‡ªìπÀâÕß ¡ÿ¥‡§≈◊ËÕπ∑’Ë ·°à ‚√ß‡√’¬π„π®—ßÀ«—¥·æ√à √“™∫ÿ√’ ª∑ÿ¡∏“π’ ·≈– ª√“®’π∫ÿ√’

* Providing scholarships to the children of the Director of Baan Bang Kao Community School, Saiburi Subdistrict, Pattani, who was a victim of a terrorist attack * Delivering sets of Thai Junior Encyclopedias as initiated by His Majesty the King, as well as bookcases to schools in Phrae, Ratchaburi, Pathumthani and Prachinburi

61 61

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡μÕ√å ®”°—¥ (¡À“™π) ‡ªìπ Õß§å°√∏ÿ√°‘®∑’‡Ë ªìπæ≈‡¡◊Õß∑’¥Ë ¢’ Õßª√–‡∑»‰∑¬¡’§«“¡¡ÿßà ¡—πË ∑’Ë ®– √â“ß √√§å°‘®°√√¡μà“ß Ê ∑’Ë°àÕ„Àâ‡°‘¥ª√–‚¬™πåμàÕ —ß§¡ ‰∑¬‚¥¬√«¡Õ¬à“ßμàÕ‡π◊ËÕß ∫‘Í°´’‡≈Áß‡ÀÁπ«à“ °“√»÷°…“·≈– §ÿ≥∏√√¡‡ªìπªí®®—¬ ”§—≠∑’Ë¡’∫∑∫“∑„π°“√«“ß√“°∞“π ¢Õß —ß§¡‰∑¬„Àâ·¢Áß·°√àß·≈–¡’§ÿ≥¿“æμàÕ‰ª„πÕπ“§μ ¥â«¬·π«§‘¥¥—ß°≈à“«∑”„Àâ ∫‘Í°´’°àÕμ—Èß ç¡Ÿ≈π‘∏‘∫‘Í°´’é ¢÷Èπ„π ªï 2545 ‚¥¬¡’®ÿ¥À¡“¬‡æ◊ËÕ π—∫ πÿπ‡¬“«™πºŸâ¥âÕ¬‚Õ°“ „Àâ‰¥â√—∫‚Õ°“ ∑“ß°“√»÷°…“Õ¬à“ß∑—Ë«∂÷ß √«¡ ∑—Èß™à«¬‡À≈◊Õ ‡¬“«™π‰∑¬„Àâ √ Õ¥æâ π ®“°°“√‡ æ¬“‡ æμ‘ ¥ ‡æ◊Ë Õ „Àâ ‡¬“«™π‰∑¬„π«—ππ’È‡μ‘∫‚μ‡ªìπæ≈‡¡◊Õß∑’Ë¥’¢Õß —ß§¡‰∑¬μàÕ ‰ª„πÕπ“§μ „π√Õ∫ªï 2549 ∑’Ëºà“π¡“ ¡Ÿ≈π‘∏‘∫‘Í°´’‰¥â¥”‡π‘π °‘®°√√¡ àß‡ √‘¡¥â“π°“√»÷°…“·°à‡¬“«™π‰∑¬Õ¬à“ßμàÕ‡π◊ÕË ß √«¡∑—Èß°‘®°√√¡ “∏“√≥°ÿ»≈∑“ß —ß§¡Õ◊Ëπ Ê ¥—ßπ’È * ∑Ÿ≈‡°≈â“œ ∂«“¬‡ß‘π ¡‡¥Á®æ√–‡∑æ√—μπ√“™ ÿ¥“œ ¬“¡∫√¡√“™°ÿ¡“√’ ‚¥¬‡ ¥Á®æ√–√“™°ÿ»≈ ¡∑∫ ∑ÿ π °Õß∑ÿ π ™à « ¬‡À≈◊ Õ ºŸâ ª √– ∫¿— ¬ ÷ π “¡‘ ¿“ °“™“¥‰∑¬ * ¡Õ∫∑ÿπ √â“ßÕ“§“√‡√’¬π 3 À≈—ß §◊Õ Õ“§“√‡√’¬π ç∫‘Í°´’ 11é ·°à √√.∫â“π„π ®.·æ√à Õ“§“√‡√’¬π ç∫‘Í°´’ 12é ·°à √√. «—¥ªÉ“¬ÿ∫ ®.√–¬Õß Õ“§“√ ‡√’¬π ç∫‘Í°´’ 13é ·°à √√. ∫â“π∫Õπ À√“…Æ√å ®. °≈π§√

Big C Foundation As a good corporate citizen, Big C has consistently provided strong support to society through a wide range of programs, activities and charitable contributions. We believe that to be successful in Thailand, it is critical to contribute to the success of the communities in which we operate and Thai people as a whole. For this reason, Big C decided to establish the Big C Foundation in May 2002 to serve as the umbrella under which our various citizenship initiatives are organized. The Big C Foundation is a non-profit organization with an objective of providing educational opportunities for disadvantaged children as well as helping those who are abused or addicted to drugs to become good citizens. This focus stems from the realization that a society is only as strong as its youth. Throughout 2006, the Big C Foundation initiated several important projects and made numerous charitable contributions including: * Presenting funds to HRH Princess Maha Chakri Sinrindhorn in support of the Tsunami Relief Fund, Thai Red Cross * Constructing three school buildings including the çBig C 11é school building at Baan Nai School, Prae; the çBig C 12é school building at Wat Pa Yoop School, Rayong; and the çBig C 13é school building at Baan Bon Saha Rat School, Sakhon Nakhon * Awarding 2,200 scholarships worth 3,000 baht each to secondary school students nationwide

* ¡Õ∫™ÿ¥ “√“πÿ°√¡‰∑¬ ”À√—∫‡¬“«™π ‚¥¬æ√– √“™ª√– ß§å „ πæ√–∫“∑ ¡‡¥Á ® æ√–‡®â “ Õ¬Ÿà À— « (©∫—∫‡ √‘¡°“√‡√’¬π√Ÿâ) ·°à‚√ß‡√’¬π¡—∏¬¡μâπ∑—Ë« ª√–‡∑» ºà“π ”π—°ß“π§≥–°√√¡°“√°“√»÷°…“ ¢—Èπæ◊Èπ∞“π ( æ∞.) ®”π«π 3,000 ™ÿ¥

* ¡Õ∫Õÿ ª °√≥å ° “√»÷ ° …“ ·°à ‚√ß‡√’ ¬ π∫â “ π¡à « ß μ.π“‚æ∏‘Ï Õ.°ÿ ÿ¡“≈¬å ®. °≈π§√ * ¡Õ∫ π“¡∫“ ‡°μ∫Õ≈ 2 π“¡ π“¡∫“ œ ç∫‘Í°´’ 6é ·°à‚√ß‡√’¬πª√’¥“√“¡ ®—ßÀ«—¥π§√ª∞¡ π“¡∫“ œ ç∫‘Í°´’ 7é ·°à ∂“π ß‡§√“–Àå‡¥Á° ™“¬∫â“π∫“ß≈–¡ÿß ®—ßÀ«—¥™≈∫ÿ√’

62 * ¡Õ∫ π“¡‡¥Á°‡≈àπ®”π«π 3 π“¡ π“¡‡¥Á°‡≈àπ ∫‘Í°´’ 1 ·°à «π«™‘√‡∫≠®∑—» ( «π√∂‰ø) ®μÿ®—°√ °√ÿ ß ‡∑æœ π“¡‡¥Á ° ‡≈à π ∫‘Í ° ´’ 2 ·°à √.√. ∫ÿ≠· «ß«‘∑¬“ ®. æ—ßß“ ·≈– π“¡‡¥Á°‡≈àπ ∫‘Í°´’ 3 ·°à √.√. ∫â“π¥ßÀ≈“ß ®. °≈π§√ * ª√–°Õ∫°‘®°√√¡¥â“π°“√»÷°…“·≈– “∏“√≥°ÿ»≈ °—∫‡¥Á°¥âÕ¬‚Õ°“ ∑—Ë«ª√–‡∑» * ª√–°Õ∫°‘ ® °√√¡ “∏“√≥°ÿ » ≈√à « ¡°— ∫ Õß§å ° √ “∏“√≥°ÿ»≈Õ◊ËπÊ * ∫√‘®“§‡ß‘π·≈–¡Õ∫ ‘Ëß¢ÕßÕÿª‚¿§∫√‘‚¿§ ™à«¬‡À≈◊Õ ºŸâ ª √– ∫Õÿ ∑ °¿— ¬ „π¿“§‡Àπ◊ Õ ·≈–¿“§°≈“ß „π√Õ∫ªï æ.». 2549 ¡Ÿ ≈ π‘ ∏‘ ∫‘Í ° ´’ ‰¥â „ Àâ ° “√ Õπÿ‡§√“–Àå‡¬“«™π·≈–‡°◊ÈÕÀπÿπ —ß§¡‰∑¬ ºà“π°‘®°√√¡ μà“ßÊ √«¡‡ªìπ‡ß‘π∑—Èß ‘Èπ°«à“ 21 ≈â“π∫“∑ ·≈–π—∫μ—Èß ·μà‡√‘Ë¡°àÕμ—Èß¡Ÿ≈π‘∏‘∫‘Í°´’ „πªïæ.». 2545 ®π∂÷ßªí®®ÿ∫—π √«¡ ‡ªìπ‡ß‘π∑—Èß ‘Èπ°«à“ 60 ≈â“π∫“∑

* Donating 3,000 sets of Thai Junior Encyclopedias as initiated by His Majesty the King (Learning Promotion Series) to secondary schools nationwide via the Office of Basic Education Commission * Providing educational materials to Baan Na Muang School, Naphoe Sub-district, Kusuman District, Sakhon Nakhon * Building two basketball courts including çBig C 6é for Preedaram School, Nakhon Pathom; and çBigC 7é for the Banglamung Home for Boys, Chonburi

* Building three childrenûs playgrounds including çBig C 1é at Wachira Benjathus Park (Railway Park),Jatuchak, Bangkok; çBig C 2é at Boonsawaeng Wittaya School, Pangnga; and Big C 3 at Baan Dong Lang School, Sakhob Nakhon

* Supporting educational and charitable activities for deprived children nationwide * Joining with a range of charitable organizations to support their activities * Providing funds and necessities to victims of

”À√—∫ªï 2550 ¡Ÿ≈π‘∏∫‘ °‘Í ´’ ‰¥â√‡‘ √‘¡Ë ‚§√ß°“√ ç‡¥Á°‰∑¬ ¢¬—πÕà“πé ‡æ◊ËÕ àß‡ √‘¡„Àâ‡¥Á°·≈–‡¬“«™π‰∑¬√—°°“√Õà“π π— ∫ πÿ π „Àâ ‡ √’ ¬ π√Ÿâ ¥â « ¬μπ‡Õß Õ— π ‡ªì π æ√–√“™¥”√‘ „ π æ√–∫“∑ ¡‡¥Á®æ√–‡®â“Õ¬ŸàÀ—«œ ‡æ◊ËÕ‡ªìπ°‘®°√√¡∑”§«“¡¥’ ∂«“¬‡ªìπæ√–√“™°ÿ»≈·¥àæ√–∫“∑ ¡‡¥Á®æ√–‡®â“Õ¬ŸàÀ—«œ „π «‚√°“ ∑√ß‡®√‘≠æ√–™π¡“¬ÿ§√∫ 80 æ√√…“ ∑—Èßπ’È ¡Ÿ≈π‘∏‘ ∫‘Í°´’ ¬—ß§ß √â“ß √√§å°‘®°√√¡μà“ß Ê ‡æ◊ËÕ √â“ß‚Õ°“ ∑“ß°“√»÷°…“„Àâ·°à‡¬“«™π·≈– àß‡ √‘¡°“√æ—≤π“ —ß§¡ ‰∑¬Õ¬à“ßμàÕ‡π◊ËÕß ¥—ßª≥‘∏“π∑’Ë«à“ ¡Ÿ≈π‘∏‘∫‘Í°´’ √â“ßΩíπ √â“ß§«“¡ ÿ¢ √â“ß√Õ¬¬‘È¡ ‡æ◊ËÕ —ß§¡‰∑¬ ∫‘Í°´’ √«¡„®∫√‘®“§‚≈À‘μ πâÕ¡‡°≈â“∂«“¬·¥àÕß§å√“™—π¬å

∫‘Í°´’ π—∫ πÿπ çÕ”‡¿Õ¬‘È¡é ∫‘°Í ´’ √à«¡≈ßπ“¡„π∫—π∑÷°¢âÕμ°≈ß§«“¡√à«¡¡◊Õ°—∫°√¡ °“√ª°§√Õß„π°“√®—¥μ—Èß®ÿ¥¢¬“¬∫√‘°“√ μ“¡‚§√ß°“√ çÕ”‡¿Õ¬‘È¡é ‚¥¬∫‘Í°´’μ°≈ß„Àâ§«“¡√à«¡¡◊Õ„π°“√„™âæ◊Èπ∑’Ë ¿“¬„π∫‘°Í ´’ ‡æ◊ÕË ®—¥∑”‡ªìπ®ÿ¥¢¬“¬∫√‘°“√ çÕ”‡¿Õ¬‘¡È é ‚¥¬ ‰¡à§‘¥§à“„™â®à“¬ ‡æ◊ËÕÕ”π«¬§«“¡ –¥«°„Àâ·°àª√–™“™πºŸâ ∫√‘‚¿§„π°“√μ‘¥μàÕ¢Õ√—∫°“√∫√‘°“√¥â“πß“π∑–‡∫’¬π·≈– °“√∑”∫—μ√ª√–™“™π´÷Ëß®π∂÷ß¢≥–π’È çÕ”‡¿Õ¬‘È¡é ‰¥â‡ªî¥ ∫√‘°“√„Àâª√–™“™π®”π«π∑—ÈßÀ¡¥ 12 “¢“ §◊Õ “¢“ ¡ÿ∑√ª√“°“√ “¢“¿Ÿ‡°Áμ “¢“Õÿ∫≈√“™∏“π’ “¢“≈æ∫ÿ√’ “¢“≈”ª“ß “¢“π§√ «√√§å “¢“¢Õπ·°àπ “¢“ ÿ¢ «— ¥‘Ï “¢“≈“¥æ√â“« “¢“π§√ª∞¡ “¢“©–‡™‘ß‡∑√“ ·≈–∑’Ë‡ªî¥ ∫√‘°“√„πªï 2549 §◊Õ “¢“√“™∫ÿ√’ ‚§√ß°“√ ”À√—∫∫ÿ§≈“°√„π∫‘Í°´’ °“√¡Õ∫∑ÿπ°“√»÷°…“·≈°‡ª≈’Ë¬π„πμà“ßª√–‡∑» (‡Õ‡Õø‡Õ ) ∫‘°Í ´’¡§’ «“¡μ—ßÈ „®„π°“√ π—∫ πÿπ°“√»÷°…“·°à‡¬“«™π ‰∑¬ ”À√—∫∫ÿμ√-∏‘¥“¢Õßæπ—°ß“π¢Õß∫‘Í°´’°Á‡™àπ°—π ∫‘Í°´’ ‰¥â ®— ¥ ∑”‚§√ß°“√¡Õ∫∑ÿ π °“√»÷ ° …“·≈°‡ª≈’Ë ¬ π„πμà “ ß ª√–‡∑» (‡Õ‡Õø‡Õ ) ·°à∫ÿμ√-∏‘¥“¢Õßæπ—°ß“π ‚¥¬∫ÿμ√-

„πªï 2549 ∫‘Í°´’‰¥â®—¥‚§√ß°“√ ç∫‘Í°´’ √«¡„®∫√‘®“§ ‚≈À‘μ πâÕ¡‡°≈â“∂«“¬·¥àÕß§å√“™—π¬åé ‚¥¬μ—Èß‡ªÑ“ ”√Õß ‚≈À‘μ„Àâ·°à ¿“°“™“¥‰∑¬ ®”π«π 6 ≈â“π´’´’. ‡æ◊ËÕ‡ªìπ°“√ ‡∑‘ ¥ æ√–‡°’ ¬ √μ‘ æ √–∫“∑ ¡‡¥Á ® æ√–‡®â “ Õ¬Ÿà À— « ‡π◊Ë Õ ß„π «‚√°“ ∑√ß§√Õß ‘√‘√“™ ¡∫—μ‘§√∫ 60 ªï ∫‘Í°´’¬—ß‰¥â√à«¡°—∫ ∫√‘ …— ∑ §Ÿà §â “ °«à “ 25 ∫√‘ …— ∑ ´÷Ë ß · ¥ß‡®μπ“√¡≥å „ π°“√ π—∫ πÿπ°‘®°√√¡‡æ◊ÕË —ß§¡§√—ßÈ π’È ‰¥â·°à ∫√‘…∑— ¬Ÿπ≈‘ ‡’ «Õ√å‰∑¬ ‡∑√¥¥‘Èß ®”°—¥ ∫√‘…—∑ ∫ÿ≠√Õ¥ ‡∑√¥¥‘Èß ®”°—¥ ∫√‘…—∑ ‡®√‘≠ ‚¿§¿—≥±åÕ“À“√ ®”°—¥ (¡À“™π) ∫√‘…—∑ ‡π ‡≈à ‰∑¬ ®”°—¥ ∫√‘…—∑ ‡¥≈≈å §Õ√åªÕ‡√™—Ëπ (ª√–‡∑»‰∑¬) ®”°—¥ ∫√‘…—∑ ‰Õ ∫’‡ÕÁ¡ (ª√–‡∑»‰∑¬) ®”°—¥ ·≈–´‘μ’È·∫ß§å ‡ªìπμâπ π—∫ πÿπ æπ—°ß“π„Àâ√à«¡∫√‘®“§‚≈À‘μ„π‚§√ß°“√π’È

flooding in the Central and Northern provinces. During 2006, the Big C Foundation contributed over 21 million baht to support young people and Thai society through a variety of activities and programs. The funds that the Big C Foundation has provided since starting in 2002 now total over 60 million baht. In 2007, the Big C Foundation will initiate the Thai Childrenûs reading program to encourage reading and self-learning among Thai children, as part of a program to celebrate His Majesty The Kingûs 80th birthday anniversary. The Big C Foundation has consistently provided educational opportunities for Thai children and promoted Thai social development, which is reflected in our mission of Big C Creates Dream, Happiness and Smiles for Thai Society. Other CSR Initiatives Big Cûs Blood Drive for HM the Kingûs project During 2006, the Company organized the Big C Blood Drive for His Majesty the King, part of the celebrations for the 60th anniversary of His Majesty the Kingûs accession to the throne. The project generated total donations of 6,000,000cc of blood to the Thai Red Cross in 2006. Big C joined with 25 suppliers including Unilever, Boon Rawd Trading, Charoen Pokphand Foods, Nestle, Dell, IBM, Citibank, and others to encourage all their staff to donate blood. Smile District Big C signed an MOU with the Department of Provincial Administration (DPA) in 2006 to use areas at Big C stores as public access points under the çSmile Districté program. Now Big C provided free space at stores in 12 stores nationwide including Samut Prakan, Phuket, Ubon Ratchathani, Lop Buri, Lampang, Nakhon Sawan, Khon Kaen, Suksawad, Lad Praw, Nakhon Pathom, Chachoengsao and new store opening in 2006 is Ratchaburi where the public had easy access to government services such as issuing ID cards and other registration functions. Employee Programs AFS Support True to our commitment to education and youth development, Big C supports employeesû children by facilitating their participation in the AFS Intercultural Program. Qualified children of Big C employees have an opportunity to stay in a foreign country to gain knowledge and experience that will benefit them throughout their lives while becoming global citizens committed to international understanding and peace.

∏‘¥“æπ—°ß“π∑’Ë‰¥â√—∫°“√§—¥‡≈◊Õ°®–‰¥â‡¥‘π∑“ß‰ª»÷°…“ ‡ªìπ√–¬–‡«≈“ 1 ªï„πμà“ßª√–‡∑» ‡æ◊ËÕ àß‡ √‘¡„Àâ∫ÿμ√∏‘¥“æπ—°ß“π¡’‚Õ°“ ‰¥â√—∫§«“¡√Ÿâ·≈–ª√– ∫°“√≥å∑’Ë®– ‡ªìπª√–‚¬™πå„πÕπ“§μ „π¢≥–‡¥’¬«°—π∫‘Í°´’„π∞“π–∑’Ë‡ªìπ Õß§å°√∏ÿ√°‘®¢Õß —ß§¡°Á¡ÿàß¡—Ëπ∑’Ë®– √â“ß§«“¡‡¢â“„®Õ—π¥’°—∫ ª√–™“§¡‚≈°

∫‘Í°´’ ‡ªî¥‚√ß‡√’¬π„π ∂“πª√–°Õ∫°‘®°“√ ∫‘°Í ´’√‡‘ √‘¡Ë ®—¥μ—ßÈ ç‚√ß‡√’¬π„π ∂“πª√–°Õ∫°‘®°“√é μ—ßÈ ·μàªï 2546 ‚¥¬√à«¡°—∫Àπà«¬ß“π√—∞∫“≈∑’Ë‡°’Ë¬«¢âÕß·≈– ∂“∫—π°“√»÷°…“‡æ◊ËÕ √â“ß‚Õ°“ ∑“ß°“√»÷°…“μàÕ‡π◊ËÕß·°à æπ—°ß“π∑ÿ°√–¥—∫ ∑—Èßπ’È ∫‘Í°´’‰¥â®—¥‡μ√’¬¡ÀâÕß‡√’¬π¢π“¥ ¡“μ√∞“πæ√âÕ¡Õÿª°√≥å·≈– ◊ËÕ°“√‡√’¬π°“√ Õπμ≈Õ¥®π Õ“®“√¬åºŸâ Õπ ´÷Ëßæπ—°ß“π “¡“√∂‡¢â“√à«¡‚¥¬‰¡à‡ ’¬§à“„™â ®à“¬„¥Ê ”À√—∫ªï 2549 ¡’æπ—°ß“π‡¢â“√à«¡‚§√ß°“√ 278 §π ‚¥¬»÷°…“μàÕ„π√–¥—∫μà“ßÊ ∑—Èß√–¥—∫ª√–∂¡»÷°…“ ¡—∏¬¡»÷°…“μÕπμâπ- μÕπª≈“¬ ·≈–ª√–°“»π’¬∫—μ√«‘™“™’æ (ª«™.) ·≈–ª√‘≠≠“μ√’ ‚§√ß°“√°“√®—¥°“√Õ“™’«»÷°…“√–∫∫∑«‘¿“§’ ‚§√ß°“√°“√®—¥°“√Õ“™’«»÷°…“√–∫∫∑«‘¿“§’‡ªìπ§«“¡ √à « ¡¡◊ Õ √–À«à “ ß∫‘Í ° ´’ · ≈– ”π— ° ß“π§≥–°√√¡°“√°“√ Õ“™’«»÷°…“ °√–∑√«ß»÷°…“∏‘°“√ ‚¥¬¡’«—μ∂ÿª√– ß§å‡æ◊ËÕ π—∫ πÿπ„Àâπ—°»÷°…“Õ“™’«–»÷°…“‰¥âæ—≤π“∑—°…–«‘™“™’æ ´÷Ë ß ®–‡ªì π ª√–‚¬™πå μà Õ °“√∑”ß“π„πÕπ“§μ ´÷Ë ß ‚¥¬ À≈—° Ÿμ√ª« . μ“¡‚§√ß°“√®–¡’√–¬–‡«≈“ 2 ªï ª√–°Õ∫ ¥â«¬°“√‡√’¬π¿“§∑ƒ…Ø’„πÀâÕß‡√’¬π√«¡ 2 «—π·≈–°“√ ‡√’¬π‡™‘ßªØ‘∫—μ‘∑’Ë “¢“¢Õß∫‘Í°´’√«¡ 4 «—π ”À√—∫ªï 2549 ¡’π°— »÷°…“‡¢â“√à«¡‚§√ß°“√ 140 §π ·≈–®∫°“√»÷°…“ 285 §π ∂“πª√–°Õ∫°“√¥’‡¥àπ¥â“π§«“¡ª≈Õ¥¿—¬ Õ“™’«Õπ“¡—¬ ·≈– ¿“æ·«¥≈âÕ¡„π°“√∑”ß“π ∫‘°Í ´’¡ßÿà ¡—πË „π°“√ª√—∫ª√ÿß√–∫∫°“√¥”‡π‘πß“π„π¥â“π §«“¡ª≈Õ¥¿—¬ Õ“™’«Õπ“¡—¬·≈– ¿“æ·«¥≈âÕ¡„π°“√ ∑”ß“π ‚¥¬¡’ ° “√∑”ß“π√à « ¡°— ∫ °√–∑√«ß·√ßß“π·≈– «— ¥‘ ° “√Õ¬à “ ß„°≈â ™‘ ¥ ‡æ◊Ë Õ ¬°√–¥— ∫ ¡“μ√∞“π§«“¡ ª≈Õ¥¿—¬„π°“√∑”ß“π·≈–≈¥§«“¡‡ ’Ë¬ß‡°’Ë¬«°—∫°“√‡®Á∫ ªÉ«¬·≈–∫“¥‡®Á∫¢Õßæπ—°ß“π „πªï 2549 “¢“¢Õß∫‘Í°´’ 5 “¢“‰¥â√—∫‚≈àª√–°“»‡°’¬√μ‘§ÿ≥ª√–‡¿∑ ∂“πª√–°Õ∫ °‘®°“√¥’‡¥àπ¥â“π§«“¡ª≈Õ¥¿—¬ Õ“™’«Õπ“¡—¬·≈– ¿“æ

School at Work To help our employees develop personally and professionally, Big C launched the innovative çSchool at Worké educational development program in 2003 in conjunction with various government and education partners. The company provides classroom facilities and teachers at Big C stores, where staff can participate in classes at no cost. In 2006, 278 Big C employees took advantage of this opportunity to continue their primary, secondary and high school educations. Dual Vocational Training (DVT) In 2000, Big C established the Dual Vocational Training (DVT) program in collaboration with the Vocational Education Commission to give vocational students an opportunity to acquire new skills that would help them further their careers. The two-year higher vocational courses combine two days of in-class training and four days of on-the-job training at Big C stores. In 2006, 140 vocational students participated in the DVT program and 285 graduated students. Workplace Safety Big C constantly strives to improve occupational safety, health and the working environment. We work closely with the Department of Labor Protection and Welfare to increase workplace safety standards and lower the risk of on-the job injuries and illnesses. In 2006, five Big C stores received National Level Awards for excellence in occupational health and safety, scoring 90% or higher on an exacting set of health & safety criteria. A further nine Big C stores qualified for Province Level Awards in 2006, having fulfilled at least 80% of the evaluation criteria.

Supplier Programs Big C further contributes to Thailandûs economic development by providing a channel for local enterprises of all sizes to offer their products to Thai consumers.

·«¥≈âÕ¡„π°“√∑”ß“π√–¥—∫ª√–‡∑» ‚¥¬‰¥â√∫— §–·ππ‡©≈’¬Ë 90% À√◊Õ¡“°°«à“μ“¡‡°≥±å∑°’Ë ”Àπ¥ πÕ°®“°π’∫È °‘Í ´’Õ°’ 9 “¢“¬—ß‰¥â√—∫√“ß«—≈ ∂“πª√–°Õ∫°‘®°“√¥’‡¥àπ¥â“π§«“¡ ª≈Õ¥¿—¬œ √–¥—∫®—ßÀ«—¥ ‚¥¬‰¥â√—∫§–·ππ‡©≈’Ë¬ 80% μ“¡ ‡°≥±å∑°’Ë ”Àπ¥ ‚§√ß°“√ ”À√—∫∫√‘…—∑§Ÿà§â“

∫‘Í°´’¡ÿàß¡—Ëπ∑’Ë®–¡’ à«π√à«¡„π°“√æ—≤π“‡»√…∞°‘®¢Õß ª√–‡∑» ∫‘Í°´’ π—∫ πÿπºŸâª√–°Õ∫°“√∑âÕß∂‘Ëπ„π¥â“π™àÕß ∑“ß®”Àπà“¬ ‘π§â“¢ÕßºŸªâ √–°Õ∫°“√·°àº∫Ÿâ √‘‚¿§∑—«Ë ª√–‡∑» ‚¥¬∫‘Í°´’‰¥â√à«¡°—∫Õß§å°“√μ≈“¥‡æ◊ËÕ‡°…μ√°√®”Àπà“¬º≈ ‰¡â∑âÕß∂‘Ëπ∑’Ë¡’§ÿ≥¿“æ·≈–‡ªìπª√–‚¬™πåμàÕ√à“ß°“¬ ™à«ß °≈“ßªï 2549 ∫‘°Í ´’‰¥â√∫— çªÑ“¬·À≈àß®”Àπà“¬ ‘π§â“ Qé ®“° ”π— ° ß“π¡“μ√∞“π ‘ π §â “ ‡°…μ√·≈–Õ“À“√·Àà ß ™“μ‘ (¡°Õ™.) °√–∑√«ß‡°…μ√·≈– À°√≥å ‡æ◊Ë Õ √— ∫ √Õß«à “ º≈º≈‘μ‡°…μ√·≈–Õ“À“√∑’Ë®”Àπà“¬„π∫‘Í°´’ ¡’§ÿ≥¿“æ ¥ –Õ“¥ ª≈Õ¥¿—¬ ∑”„Àâ≈Ÿ°§â“ “¡“√∂¡—Ëπ„®‰¥â«à“´◊ÈÕ ‘π§â“ ‡°…μ√·≈–Õ“À“√∑’Ë¡’§ÿ ≥ ¿“æ‰¥â √—∫ °“√√—∫ √Õß∑’Ë∫‘Í°´’ ∑—Ë « ª√–‡∑» ∫‘Í ° ´’ ¬— ß ‰¥â π— ∫ πÿ π °‘ ® °√√¡‡æ◊Ë Õ °“√æ— ≤ π“™ÿ ¡ ™π ‘π§â“ çÀπ÷Ëßμ”∫≈Àπ÷Ëßº≈‘μ¿—≥±å çÀ√◊Õ ç‚Õ∑Õªé ∑—Èßπ’È ∫‘Í°´’‰¥â√à«¡≈ßπ“¡∫—π∑÷°§«“¡√à«¡¡◊Õ°—∫°√–∑√«ßæ“≥‘™¬å „π°“√ π— ∫ πÿ π æ◊È π ∑’Ë ®”Àπà “ ¬ ‘ π §â “ ·≈–®— ¥ °‘ ® °√√¡ à ß ‡ √‘¡ ‘π§â“‚Õ∑ÕªÕ¬à“ßμàÕ‡π◊ËÕß ‚¥¬°“√„Àâ°“√ π—∫ πÿπ „π¥â“πæ◊Èπ∑’Ë®”Àπà“¬¿“¬„πÀâ“ß·≈–°“√®—¥μ—Èß§’ÕÕ (´ÿâ¡ √∂‡¢Áπ) πÕ°æ◊Èπ∑’Ë¢“¬¢ÕßÀâ“ßÀ√◊Õ à«πæ≈“´à“¡“°«à“ 5 ªï ·≈â«‚¥¬‰¡à§‘¥§à“„™â®à“¬ ´÷ËßÀ“°§”π«≥‡ªìπ¡Ÿ≈§à“·≈â«®– ‡∑à“°—∫ 27,000,000 ∫“∑ ”À√—∫°“√„™âæ◊Èπ∑’Ë„πÀâ“ß·≈– 54,000,000 ∫“∑ ”À√—∫°“√„™âæ◊Èπ∑’Ë¢“¬„π à«πæ≈“´à“ ∫‘Í°´’¬—ß‰¥â π—∫ πÿπ°“√®”Àπà“¬ ‘π§â“‚Õ∑Õªμ“¡‡∑»°“≈ ·≈–‚Õ°“ æ‘‡»… °“√ àß‡ √‘¡„π¥â“π°“√Õ∫√¡·≈–„Àâ§«“¡ √Ÿâ·≈–®—¥°‘®°√√¡‡¥‘π “¬„Àâ§«“¡√Ÿâ·°àºŸâº≈‘μ ‘π§â“‚Õ∑Õª √à«¡°—∫Àπà«¬ß“π¿“§√—∞·≈–‡Õ°™πÕ◊ËπÊ ‡æ◊ËÕ„Àâ§«“¡√Ÿâ ‡°’Ë¬«°—∫ ‘π§â“·≈–§«“¡μâÕß°“√¢Õßμ≈“¥ °“√∫√√®ÿÀ’∫ÀàÕ ·≈–°“√∑”°“√μ≈“¥ ‡æ◊Ë Õ „Àâ ºŸâ º ≈‘ μ ‘ π §â “ ·μà ≈ –™ÿ ¡ ™π “¡“√∂π”‰ªæ—≤π“ ‘π§â“‚Õ∑Õª¢Õßμπ‡Õß Õ¥§≈âÕß°—∫ §«“¡μâÕß°“√¢ÕßºŸâ∫√‘‚¿§

We have partnered with the Marketing Organization for Farmers to offer Thai consumers high-quality, nutritious, locally-grown fruits. In mid-2006, Big C received Q-Mark certification from the National Bureau of Agricultural Commodity and Food Standards of the Ministry of Agriculture and Cooperatives, so our customers can be confident they are buying quality agricultural products from certified sources around the country. Big C also supports national development initiatives such as the çOne Tambon, One Producté (OTOP) program. Under our MOU with the Ministry of Commerce, Big C has provided sales areas in our stores and kiosk space in our Town Centers for OTOP products for over five years at no cost. These benefits are worth 27 million baht for the areas within Big C stores and 54 million baht for the space in our Town Centers. We have also organized many events to support OTOP sales on special occasions. Big C has partnered with several government agencies to organize road shows that provide communities with knowledge regarding packaging and marketing OTOP products to make them more appealing to consumers.

* √ÿª¢âÕ¡Ÿ≈·≈–°“√«‘‡§√“–Àåß∫°“√‡ß‘π * Summary Financial Data ß∫¥ÿ≈ ‘π∑√—æ¬å

(Àπà«¬ : ≈â“π∫“∑) 2549

2548

2547

‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√ ‘π§â“§ß‡À≈◊Õ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å §à“§«“¡π‘¬¡ ‘π∑√—æ¬åÕ◊Ëπ

1,283 4,823 824 6,930 21,915 386 725

4 16 3 23 73 1 3

2,588 4,588 595 7,771 20,137 412 577

9 16 2 27 70 1 2

1,724 4,338 656 6,718 19,696 437 444

6 16 2 24 72 2 2

√«¡ ‘π∑√—æ¬å

29,956 100

28,897 100

27,295 100

66 Balance sheet Unit in million Baht Assets Cash on hand and in bank Inventory Other current assets Total current assets Property, plant and equipment Goodwill Other assets Total Assets

2006 % 1,283 4 4,823 16 824 3 6,930 23 21,915 73 386 1 725 3 29,956 100

2005 % 2,588 9 4,588 16 595 2 7,771 27 20,137 70 412 1 577 2 28,897 100

2004 % 1,724 6 4,338 16 656 2 6,718 24 19,696 72 437 2 444 2 27,295 100

(Àπà«¬ : ≈â“π∫“∑) Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ

2549

2548

2547

0 10,461

0 35

750 9,857

3 34

0 9,552

0 35

746 3,360 14,567 0 886 15,453 14,503

3 11 49 0 3 52 48

0 2,986 13,593 746 830 15,169 13,728

0 10 47 2.5 2.5 52 48

1,182 2,319 13,053 746 745 14,544 12,751

4 9 48 3 3 54 46

√«¡Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ

29,956 100

28,897

100

Liabilities and Shareholders Equity Short term borrowings Accounts payable Current portion of long-term debt Other current liabilities Total current liabilities Long terms loans from related companies Other liabilities Total liabilities Shareholderûs equity Total liabilities and shareholders equity

2006 0 10,461 746 3,360 14,567 886 15,453 14,503 29,956

% 0 35 3 11 49 3 52 48

2005 750 9,857 0 2,986 13,593 746 830 15,169 13,728

% 3 34 0 10 47 3 3 52 48

100

28,897

100

27,295 100 Unit in million Baht 2004 % 0 0 9,552 33 1,182 4 2,319 9 13,053 48 746 3 745 3 14,544 54 12,751 46 27,295

100

‡ß‘π°Ÿâ¬◊¡√–¬– —Èπ ‡®â“Àπ’°È “√§â“ ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« à«π∑’Ë∂÷ß°”Àπ¥ ™”√–„π 1 ªï Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡Àπ’ È π‘ À¡ÿπ‡«’¬π ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π Àπ’ È π‘ Õ◊πË √«¡Àπ’ È π‘ à«π¢ÕßºŸ∂â Õ◊ Àÿπâ

ß∫°”‰√¢“¥∑ÿπ√«¡ (Àπà«¬ : ≈â“π∫“∑) 2549

2548

2547

¢“¬ ÿ∑∏‘ μâπ∑ÿπ¢“¬ °”‰√¢—Èπμâπ √“¬‰¥â§à“‡™à“·≈–§à“∫√‘°“√·≈–√“¬‰¥âÕ◊Ëπ §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ °”‰√®“°°“√¥”‡π‘πß“π ¥Õ°‡∫’¬È ®à“¬ °”‰√°àÕπ¿“…’‡ß‘π‰¥â ¿“…’‡ß‘π‰¥â °”‰√°àÕπ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ à«π·∫àß¢“¥∑ÿπ (°”‰√) ¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬

58,033 52,606 5,427 7,667 9,884 3,210 79 3,131 992 2,139 (15)

53,194 48,100 5,094 6,384 8,670 2,808 69 2,739 847 1,892 (9)

47,412 42,684 4,728 5,338 7,688 2,378 102 2,276 664 1,612 (11)

°”‰√ ÿ∑∏‘

2,124

1883

1,601

68 Consolidated Income Statement Unit in million Baht 2006 Net Sales Cost of sales Gross profit Rental and service income and other income Selling and administration expenses Operating income Interest expense Net income before tax Income tax Net income before minority interest Minority interest Net Income

2006 58,033 52,606 5,427 7,667 9,884 3,21 79 3,131 992 2,139 (15) 2,124

2005 53,194 48,100 5,094 6,384 8,670 2,808 69 2,739 847 1,892 (9) 1,883

2004 47,412 42,684 4,728 5,338 7,688 2,378 102 2,276 664 1,612 (11) 1,601

ß∫°√–· ‡ß‘π ¥ (Àπà«¬ : ≈â“π∫“∑) 2549

2547

2,124 2,182

1,883 1,941

1,601 1,815

255 4,561 (3,865)

584 4,408 (2,282)

1,673 5,089 (2,637)

(750) (1,250) (2,000)

(425) (903) (1,328)

(844) (752) (1,596)

(1,304) 2,587 1,283

798 1,790 2,588

856 934 1,790

Statement of Cash Flow Cash flow from operating activities Net Income Adjustment to reconcile net income from operating activities Increase in operating liabilities Net cash from operating activities Cash flow from investing activities Cash flow from financing activities Bank loans Dividend paid Sum cash flow from financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of the year Cash and cash equivalents at the end of the year

2006 2,124 2,182 255 4,561 (3,865) (750) (1,250) (2,000) (1,304) 2,587 1,283

Unit in million Baht 2005 2004 1,883 1,601 1,941 1,815 584 4,408 (2,282) (425) (903) (1,328) 798 1,790 2,588

1,673 5,089 (2,637) (844) (752) (1,596) 856 934 1,790

°√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π °”‰√ ÿ∑∏‘ √“¬°“√ª√—∫°√–∑∫°”‰√ ÿ∑∏‘ ®“°°‘®°√√¡¥”‡π‘πß“π Àπ’È ‘π¥”‡π‘πß“π‡æ‘Ë¡¢÷Èπ ‡ß‘π ¥ ÿ∑∏‘®“°°‘®°√√¡¥”‡π‘πß“π °√–· ‡ß‘π ¥®“°°‘®°√√¡≈ß∑ÿπ °√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π ‡ß‘π°Ÿâ¬◊¡·≈–Õ◊ËπÊ ‡ß‘πªíπº≈®à“¬ √«¡°√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“ ‡ß‘π ¥ ‡æ‘Ë¡¢÷Èπ (≈¥≈ß) ÿ∑∏‘ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≥ «—πμâπªï ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≥ «—π ‘Èπªï

2548

Õ—μ√“ à«π∑“ß°“√‡ß‘π

√–¬–‡«≈“¢“¬ ‘π§â“‡©≈’Ë¬ √–¬–‡«≈“™”√–Àπ’È‡©≈’Ë¬ Õ—μ√“‡ß‘π∑ÿπÀ¡ÿπ‡«’¬π Õ—μ√“°”‰√¢—Èπμâπ Õ—μ√“°”‰√ ÿ∑∏‘ Õ—μ√“º≈μÕ∫·∑πºŸâ∂◊ÕÀÿâπ Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬å Õ—μ√“ à«π‡ß‘π°Ÿâ¬◊¡μàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ °”‰√μàÕÀÿâπ ¡Ÿ≈§à“Àÿâπμ“¡∫—≠™’

2549

2548

2547

32 70 0.5 9.4 3.2 15.0 7.0 0.1 2.7 18.1

33 72 0.6 9.6 3.2 14.2 6.7 0.1 2.3 17.1

35 76 0.5 10.0 3.0 13.0 6.1 0.2 2.0 15.9

70 Financial Ratios Average inventory days Average accounts payable days Working capital ratio Gross profit rate Net profit margin Return on equity Return on assets Debt-to-equity ratio Earnings per share Net book value per share

2006 32 70 0.5 9.4 3.2 5.0 7.2 0.1 2.7 18.1

Unit in million Baht 2005 2004 33 35 72 76 0.6 0.5 9.6 10 3.2 3 14.2 13 6.7 6.1 0.1 0.2 2.3 2 17.1 15.9

°“√«‘‡§√“–Àåº≈°“√¥”‡π‘πß“π (Àπà«¬ : ≈â“π∫“∑)

√“¬‰¥â √“¬‰¥â®“°°“√¢“¬ μâπ∑ÿπ¢“¬ °”‰√¢—Èπμâπ √“¬‰¥âÕ◊Ëπ √«¡√“¬‰¥â §à“„™â®à“¬ °”‰√°àÕπ¥Õ°‡∫’È¬®à“¬/¿“…’‡ß‘π‰¥â °”‰√ ÿ∑∏‘

2549

Õ—μ√“ à«π (%)

2548

58,033 52,606 5,427 7,667 13,094 9,884 3,210 2,124

100.00 90.6 9.4 13.2 22.6 17.0 5.5 3.7

53,194 48,100 5,094 6,384 11,478 8,670 2,808 1,883

Õ—μ√“ à«π Õ—μ√“°“√ (%) ‡ª≈’Ë¬π·ª≈ß (%)

100.0 90.4 9.6 12.0 21.6 16.3 5.3 3.5

+9.1 +9.4 +6.5 +20.0 +14.1 +14 +14 +12.8

Operating Results Income Net Sales Cost of Sales Gross Profit Other Income Total Incomes Expenses Earning before interest/corporate tax Net profit

Unit in million Baht 2006

% to Sales

58,033 52,606 5,427 7,667 13,094 9,884 3,210 2,124

100.0 90.6 9.4 13.2 22.6 17.0 5.5 3.7

2005 % to Sales 53,194 48,100 5,094 6,384 11,478 8,670 2,808 1,883

100.0 90.4 9.6 12.0 21.6 16.3 5.3 3.5

(%) +9.1 +9.4 +6.5 +20.0 +14.1 +14 +14 +12.8

°“√æ‘®“√≥“·≈–«‘‡§√“–Àå‡™‘ß∫√‘À“√ Management Discussion and Analysis °≈¬ÿ∑∏å‡™‘ß∏ÿ√°‘® °≈¬ÿ ∑ ∏å ¢ Õß∫‘Í ° ´’ „ π°“√√— ° …“Õ— μ √“°”‰√·≈– à « π·∫à ß ∑“ß°“√μ≈“¥„Àâ¡’°“√‡®√‘≠‡μ‘∫‚μÕ¬à“ßμàÕ‡π◊ËÕß§◊Õ °“√‡æ‘Ë¡ ®”π«π “¢“„Àâ¡“°¢÷Èπ Õ’°∑—Èß °“√„™â°≈¬ÿ∑∏å¥â“π√“§“ ‚¥¬ °“√‡ πÕ√“§“∂Ÿ°∑ÿ°«—π‡æ◊ËÕ„Àâ¡’°“√´◊ÈÕ ‘π§â“„π®”π«π∑’Ë ¡“°¢÷Èπ·≈–¡’∞“π≈Ÿ°§â“¢¬“¬°«â“ß¢÷Èπ „π°“√ π—∫ πÿπ°“√ ¥”‡π‘ π °≈¬ÿ ∑ ∏å ¥— ß °≈à “ « ∫‘Í ° ´’ ® –μâ Õ ß∫√‘ À “√μâ π ∑ÿ π ·≈– §«∫§ÿ¡§à“„™â®à“¬„π°“√¥”‡π‘πß“π„Àâ¡’ª√– ‘∑∏‘¿“æ ‡™àπ °“√ª√—∫ª√ÿß√–∫∫°“√¢π àß ‘π§â“·≈–√–∫∫≈Õ®‘ μ‘° å °“√ §«∫§ÿ¡ ‘π§â“§ß§≈—ß μ≈Õ¥®π°“√§«∫§ÿ¡°“√¥”‡π‘πß“π ‚¥¬√«¡ °“√¢¬“¬ “¢“

∫‘°Í ´’¡°’ “√¢¬“¬ “¢“§√Õ∫§≈ÿ¡∑—«Ë ª√–‡∑» ‚¥¬°“√°àÕμ—ßÈ “¢“„π∑”‡≈∑’Ë¡’»—°¬¿“æ –¥«°„π°“√‡¥‘π∑“ß·≈–¡’°“√ ¢¬“¬μ—«∑“ß‡»√…∞°‘®‡æ◊ËÕ¡Õ∫ª√– ∫°“√≥å∑’Ëª√–∑—∫„®·°à ≈Ÿ°§â“∑—Ë«ª√–‡∑»∑’Ë¡“´◊ÈÕ ‘π§â“∑’Ë∫‘Í°´’ Õ—π‡ªìπÀ—«„® ”§—≠ ¢Õß°“√¥”‡π‘π°≈¬ÿ∑∏å¢Õß∫‘Í°´’ „π™à«ßÀ≈“¬ªï∑’Ëºà“π¡“ ∫‘Í°´’¡’°“√¢¬“¬ “¢“∑—Ë«∑ÿ° ¿“§„πª√–‡∑» ‚¥¬¬÷¥∂◊Õª√–‚¬™πå¢Õß≈Ÿ°§â“‡ªìπ ”§—≠ ”À√—∫ªï 2549 ∫‘Í°´’‰¥â‡ªî¥ “¢“„À¡à„π¿“§‡Àπ◊Õ·≈–¿“§ °≈“ß √«¡∑—Èß„π‡¢μª√‘¡≥±≈ ´÷Ëß‡ªìπ∑”‡≈∑’Ë¡’»—°¬¿“æ∑“ß ‡»√…∞°‘® Ÿß ∫‘Í°´’¡ÿàß¡—Ëπ∑’Ë®–¢¬“¬ “¢“„À¡à‡æ◊ËÕª√–‚¬™πå¢Õß™ÿ¡™π „π∑âÕß∂‘Ëπ·≈–μÕ∫ πÕß§«“¡μâÕß°“√¢Õß≈Ÿ°§â“„πæ◊Èπ∑’Ë ‚¥¬æ◊Èπ∑’Ë∑’Ë∫‘Í°´’®–‡¢â“‰ª¥”‡π‘π∏ÿ√°‘®®–μâÕß¡’ª√–™“°√∑’ËÕ¬Ÿà Õ“»—¬®”π«π¡“°‡æ’¬ßæÕ ¡’°“√‡μ‘∫‚μ∑“ß‡»√…∞°‘® μ≈Õ¥ ®π‡ªì π ·À≈à ß ∑à Õ ß‡∑’Ë ¬ «·≈–‰¥â √— ∫ §«“¡ π„®®“°π— ° ∑àÕß‡∑’Ë¬«μà“ß™“μ‘ ”À√—∫ªï 2550 ∫‘Í°´’¡’·ºπ∑’Ë®–‡ªî¥ “¢“„À¡à®”π«π 4 “¢“„πæ◊Èπ∑’Ë∑’Ë¡’»—°¬¿“æ¢Õßª√–‡∑» ¥—ßπ’È μ“√“ß· ¥ß°“√¢¬“¬ “¢“„À¡à¢Õß∫‘Í°´’ æ◊πÈ ∑’Ë ¿“§°≈“ß ¿“§‡Àπ◊Õ ¿“§„μâ ¿“§μ–«—πÕÕ°‡©’¬ß‡Àπ◊Õ

2549 2550 3 1 -

1 2 1 -

Business Strategy Big Cûs business strategy relies on profitably expanding operations through the opening of new branches to maintain or increase market share. Big C operates using a value-oriented pricing strategy under a philosophy of offering low prices every day to generate high sales volumes and broaden our customer base. To support this strategy, operational and management costs are minimized through continuous improvements in systems and processes related to logistics, inventory control and operational performance. Geographic Expansion A key element of our business strategy is to bring the Big C shopping experience to a growing number of Thai consumers throughout the country. To accomplish this, Big C identifies locations across Thailand that are convenient to get to and are located in areas of significant economic development. These locations are then acquired and a Big C store is constructed. Over the past several years, Big C has opened stores in all regions of the country for the benefit of our customers. In 2006, we opened new stores in Thailandûs North and Central regions, plus one new store in greater Bangkok, due to the significant economic development that has taken place in these areas. To maintain our positive growth trajectory, Big C continues to look for locations where we can open new stores for the benefit of the local community and customers in the area. These areas must have an adequately large local population and good economic conditions. Another factor in determining store location is the tourism potential of a region, with sites that are popular among foreign tourists particularly attractive. In 2007, we plan to open at least four new stores in strategic locations across Thailand. Geographic Expansion - New Stores: Region 2006 Central 3 North 1 South Northeast -

2007 1 2 1 -

‘π§â“‡Œâ“ å·∫√π¥å

®“°¿“æ√«¡¢Õß‡»√…∞°‘®„πªí®®ÿ∫—π∑’Ë¡’§«“¡º—πº«π àßº≈„Àâæƒμ‘°√√¡¢ÕßºŸ∫â √‘‚¿§¡’°“√ª√—∫μ—« ‚¥¬À—π¡“‡≈◊Õ° „™â ‘π§â“‡Œâ“ å·∫√π¥å¡“°¢÷Èπ ‚¥¬ ‘π§â“‡Œâ“ ·∫√π¥å¢Õß ∫‘Í°´’π—∫‡ªìπ∑“ß‡≈◊Õ°„À¡à¢Õß≈Ÿ°§â“®”π«π¡“°‡π◊ËÕß®“° ‡ªìπ ‘π§â“∑’Ë¡’‡Õ°≈—°…≥å ¡’§ÿ≥¿“æ √“§“¬àÕ¡‡¬“ Õ’°∑—Èß¡’ §«“¡À≈“°À≈“¬ àßº≈„Àâ∫‘Í°´’¡’§«“¡‚¥¥‡¥àπ·≈–·μ°μà“ß ‡Àπ◊Õ§Ÿà·¢àß ‚¥¬„πªï 2549 ∫‘Í ° ´’ ‰ ¥â º ≈‘ μ ·≈–®”Àπà “ ¬ ‘ π §â “ ‡Œâ“ å·∫√π¥å√«¡∑—Èß ‘Èπ 10 ·∫√π¥å ‰¥â·°à * °≈ÿà¡ ‘π§â“∫√‘‚¿§ (ª√–°Õ∫¥â«¬¢π∫¢∫‡§’È¬« ‡§√◊ËÕß ª√ÿßÕ“À“√ ·≈– ‘π§â“∫√‘‚¿§Õ◊ËπÊ) ·≈–°≈ÿà¡ ‘π§â“ Õÿª‚¿§ (ª√–°Õ∫¥â«¬‡§√◊ËÕß„™â¿“¬„π∫â“π Õÿª°√≥å ∑”§«“¡ –Õ“¥) ¿“¬„μâ·∫√π¥å≈’¥‡¥Õ√å‰æ√´å ·≈– ‡øî√ å ‰æ√´å * °≈ÿà¡‡ ◊ÈÕºâ“ ¿“¬„μâ·∫√π¥å ç´’‚´πé ‡ ◊ÈÕºâ“«—¬√ÿàπ μ√’ ç‡¥Õ–‚§øé °≈ÿà¡ ‘π§â“‡¥π‘¡ ”À√—∫™“¬·≈–À≠‘ß ç‡Õø ‡Õø ¥—∫∫≈‘« ¥’é‡ ◊ÈÕºâ“™“¬·π«≈”≈Õß ç¥Õπ‚¥ ≈‘‚Õé ”À√—∫‡¥Á°ºŸâ™“¬ ç‡Õ¡‘≈’Ëé ”À√—∫‡¥Á°ºŸâÀ≠‘ß ·≈–é‚¡¥“ ∫‘¡∫‘é ”À√—∫‡¥Á°ÕàÕπ * °≈ÿà¡ ‘π§â“‡§√◊ËÕß„™â„π∫â“π ¿“¬„μâ·∫√π¥å ç§Õ¡ øÕ√åμμ“é ·≈–·∫√π¥å ç§—π∑√’Ë ‡Œâ“ åé ‰¥â·°à ™ÿ¥≈‘π‘π ™ÿ¥Õÿª°√≥å„πÀâÕßπÈ”·≈–Õ◊ËπÊ ®“°°“√‡μ‘∫‚μ¢Õß ‘π§â“‡Œâ“ å·∫√π¥å „πªï 2549 ∫‘Í°´’ ¡’¬Õ¥¢“¬¢Õß ‘π§â“≈’¥‡¥Õ√å‰æ√ å‡∑à“°—∫ 950 ≈â“π∫“∑ À√◊Õ Production/Distribution Supply Chain 2% ¢Õß¬Õ¥¢“¬ ‘π§â“Õÿª‚¿§·≈–∫√‘‚¿§∑—ÈßÀ¡¥ All Big C stores are served on a daily basis by our °“√º≈‘μ·≈–®”Àπà“¬ ‘π§â“ 50,000 square meter Distribution Center (DC) located in Wang Noi, Ayudhya. The DC is under professional ´—ææ≈“¬‡™π management by DHL which brings internationally∫‘Í°´’¡’°“√¢π àß ‘π§â“ºà“π»Ÿπ¬å°√–®“¬ ‘π§â“‰ª¬—ß “¢“ recognized logistics expertise to the operation. The DC ¢Õß∫‘Í°´’∑ÿ°«—π ”À√—∫»Ÿπ¬å°√–®“¬ ‘π§â“¢Õß∫‘Í°´’μ—ÈßÕ¬Ÿà∑’Ë handles over 10,000 dry food, fresh food and non-food Õ”‡¿Õ«—ßπâÕ¬ ®—ßÀ«—¥æ√–π§√»√’Õ¬ÿ∏¬“ ∫√‘À“√‚¥¬∫√‘…—∑ items. Significantly, dry food accounts for 8,000 items ‡ÕÁ°‡´≈ ‚≈®‘ μ‘§ å (ø“√åÕ’ ) ®”°—¥ ´÷Ëß‰¥â√—∫°“√¬Õ¡√—∫«à“ handled by the DC and which represent 85% of store ‡ªìπºŸâ‡™’Ë¬«™“≠¥â“π≈Õ®‘ μ‘° å™—Èππ”¢Õß‚≈° »Ÿπ¬å°√–®“¬ purchase volume. At the DC both stocking and cross-docking processes ‘π§â“·Ààßπ’È¡’æ◊Èπ∑’Ë‡°Á∫ ‘π§â“ª√–¡“≥ 50,000 μ“√“ß‡¡μ√ ∑—Èß ‘π§â“∫√‘‚¿§ª√–‡¿∑Õ“À“√·Àâß·≈–Õ“À“√ ¥·≈– ‘π§â“ are employed as appropriate. Some 250 trucks deliver Õÿª‚¿§ ‚¥¬»Ÿπ¬å°√–®“¬ ‘π§â“¡’°“√¢π àß ‘π§â“ª√–‡¿∑ more than 120,000 cases of goods to our various stores each day. Stores in Bangkok receive ordered goods within Õ“À“√·Àâß®”π«π 8,000 √“¬°“√À√◊Õ§‘¥‡ªìπ —¥ à«π 85% one day, while stores in provincial areas receive orders ¢Õß ‘π§â“∑—ÈßÀ¡¥∑’Ë “¢“ —Ëß´◊ÈÕ within two days. All Big C vehicles are equipped with „π°“√„Àâ∫√‘°“√¢Õß»Ÿπ¬å°√–®“¬ ‘π§â“ ®–¡’°“√®—¥‡°Á∫ mechanical seals to ensure security and accountability as ‘π§â“μ≈Õ¥®π°“√®—¥ àß ‘π§â“·∫∫§√Õ ¥ÁÕ°°‘Èß„Àâ°—∫ “¢“ well as reduce costs associated with lost or stolen ∫‘Í°´’ ·≈–¡’√∂∫√√∑ÿ° ‘π§â“®”π«π 250 §—π‡æ◊ËÕ¢π àß merchandise. Both the DC and our delivery vehicles

Big C House Brands The current economic uncertainty combined with the increasing sophistication of Thai consumers has made Big Cûs various house brands an attractive option for many customers. Big C house brands offer unique, high-quality items at very competitive prices. They provide our customers with greater variety and value while helping to differentiate Big C from our competitors. During 2006, Big C offered customers a broad range of quality products through a total of 10 house brands organized under three main categories: * Food (including snacks, sauces, condiments and other edible products) and Non-Food (including household cleaning supplies): çLeader Priceé and çFirst Priceé * Softline (clothing): çC-Zoneé ladiesû casual wear, çThe Coveé menûs and womenûs denim wear, çFFWDé menûs casual wear, çDondolioé boyûs wear, çEmilyé girlûs wear and Moda Bimbi infant and toddler wear * Homeline (household accessories): çComfortaé and çCountry Houseé linens and bathroom accessories In 2006, Big Cûs aggregate sales of our most popular brand, Leader Price, was 950 MB, which represents approximately 2% of Big Cûs total food and non-food sales.

‘π§â“¡“°°«à“ 120,000 °≈àÕß‰ª¬—ß “¢“μà“ßÊ „π·μà≈–«—π ”À√—∫ “¢“„π°√ÿß‡∑æœ ®–‰¥â√—∫ ‘π§â“À≈—ß°“√ —Ëß ‘π§â“ ¿“¬„π 1 «—π ¢≥–∑’Ë “¢“„πμà“ß®—ßÀ«—¥®–‰¥â√—∫ ‘π§â“À≈—ß °“√ —Ëß ‘π§â“¿“¬„π 2 «—π ∑—Èßπ’È æ“Àπ–„π°“√¢π àß∑ÿ°§—π ®–¡’ √ –∫∫®— ¥ ‡°Á ∫ ‘ π §â “ ∑’Ë ª ≈Õ¥¿— ¬ ‡æ◊Ë Õ „Àâ “¡“√∂®— ¥ à ß ‘π§â“‚¥¬ ¡∫Ÿ√≥å ≈¥§à“„™â®à“¬Õ—π‡°‘¥®“°°“√ Ÿ≠À“¬¢Õß ∑√—æ¬å ‘πÀ√◊Õ∂Ÿ°¢‚¡¬ πÕ°®“°π’È »Ÿπ¬å°√–®“¬ ‘π§â“·≈– æ“Àπ–„π°“√¢π àß∑—ÈßÀ¡¥¡’√–∫∫√—°…“§«“¡‡¬Áπ ”À√—∫ Õ“À“√ ¥ ∑”„Àâ¡π—Ë „®‰¥â«“à ¡’√–¥—∫Õÿ≥À¿Ÿ¡·‘ ≈–√–¥—∫§«“¡™◊πÈ „π‡°≥±å∑’Ë°”Àπ¥ ¿“«–°“√·¢àß¢—π

maintain climate control for fresh food and ensure that temperature and humidity levels are maintained within specified parameters.

Competitive Situation Big Cûs major competitors are Tesco Lotus and Carrefour, while Makro can be considered an indirect competitor. Competition became more aggressive during 2006, especially in Bangkok and vicinity. The graph with the total number of branches for the year ending 2006 shows that Big C had a total of 49 branches with four new branches while Tesco Lotus had a total of 72 branches with five new branches and Carrefour had a total of 24 branches with one new branch opened during 2006. The continued growth of large format retailers is a clear indication of the large and currently unmet consumer demand for this type of retail channel. Big C has taken appropriate steps to secure key locations for future expansion to continue to stay ahead of the competition as the large format retailing trend accelerates in provinces across Thailand.

∫‘Í°´’¡’§Ÿà·¢àß¢—πÀ≈—° ‰¥â·°à ‡∑ ‚°â ‚≈μ— ·≈–§“√åøŸ√å ·≈– Õ“®√«¡∂÷ß·¡Á§‚§√∑’Ë‡ªìπ§Ÿà·¢àß¢—π∑“ßÕâÕ¡ „πªï 2549 ∑’Ë ºà“π¡“ ¿“«–°“√·¢àß¢—ππ—∫«à“√ÿπ·√ß¡“°¢÷Èπ°«à“‡¥‘¡ ‚¥¬ ‡©æ“– “¢“„π‡¢μ°√ÿ ß ‡∑æ¡À“π§√·≈–‡¢μª√‘ ¡ ≥±≈ ‡π◊ÕË ß®“°„π√–À«à“ßªï 2549 ºŸªâ √–°Õ∫°“√‰¥â¢¬“¬ “¢“‡æ‘¡Ë ¡“°¢÷Èπ ®“°°√“ø· ¥ß°“√‡ª√’¬∫‡∑’¬∫®”π«π “¢“¢Õß§Ÿà ·¢àß¢—π ≥ ‘Èπªï 2549 ®–‡ÀÁπ‰¥â«à“ ∫‘Í°´’¡’ “¢“∑—Èß ‘Èπ 49 “¢“ ‚¥¬‡ªî¥ “¢“„À¡à„π™à«ßªï 2549 ®”π«π 4 “¢“ 21 8 ¢≥–∑’Ë‡∑ ‚°â ‚≈μ— ¡’ “¢“∑—Èß ‘Èπ 72 “¢“ (√«¡·«≈Ÿà ‚μ√å) Makro Value 6 18 ‚¥¬‡ªî¥ “¢“„À¡à„πªï 2549 ®”π«π 2 “¢“ ·≈–§“√åøŸ√å Carrefour UPC 16 BKK 26 30 Tesco ¡’ “¢“∑—ßÈ ‘πÈ 24 “¢“ ‚¥¬‡ªî¥ “¢“„À¡à„πªï 2549 ®”π«π Big C 24 1 “¢“ °“√¢¬“¬ “¢“Õ¬à“ßμàÕ‡π◊ËÕß¢ÕßÀâ“ß§â“ª≈’°¥—ß 25 0 5 10 15 20 25 30 35 °≈à“« –∑âÕπ„Àâ‡ÀÁπ«à“ ºŸâ∫√‘‚¿§¬—ß§ß¡’§«“¡μâÕß°“√Àâ“ß§â“ ª≈’°¢π“¥„À≠à·≈–Àâ“ß§â“ª≈’°¢π“¥„À≠à¬—ß‡ªìπ√Ÿª·∫∫∑’Ë¡’ ·π«‚πâ¡°“√‡μ‘∫‚μ„πμà“ß®—ßÀ«—¥ ¥—ßπ—πÈ ∫‘°Í ´’®–¬—ß§ß‡¥‘πÀπâ“ ¢¬“¬ “¢“„À¡à„π∑”‡≈∑’Ë¡’»—°¬¿“æ ‡æ◊ËÕ√—°…“Õ—μ√“°“√ Market Share Calculated by using the number of same format stores ‡μ‘∫‚μ·≈–§«“¡ “¡“√∂„π°“√·¢àß¢—π Makro 17%

°√“ø· ¥ß°“√‡ª√’¬∫‡∑’¬∫®”π«π “¢“¢Õß§Ÿà·¢àß¢—π ·¡Á§‚§√

8 6

§“√åø√Ÿ å

·«≈àŸ ‚μ√å μà“ß®—ßÀ«—¥ °√ÿß‡∑æœ

18 16

‡∑ ‚°â

Big C 28%

Carrefour 14%

∫‘Í°´’ 0

25 25

Tesco 41%

Business Environment In 2006, the business environment in which Big C operates was significantly impacted by several external factors. Most of these factors are long-term and will continue to impact the overall business environment in Thailand, and particularly the retailing business, in the

year ahead. In this environment Big C has taken appropriate action to minimize our downside risks and position the company to take advantage of opportunities ·¡Á§‚§√ ∫‘°Í ´’ 17% that may present themselves as the situation develops. 28% §“√åøŸ√å Specific environmental factors include proposed 14% changes to the regulatory system and political instability in the country, including serious security concerns stemming from the situation in the southernmost provinces. Signs of an economic slowdown in Thailand and growing ‡∑ ‚°â consumer uncertainty regarding their financial well-being 41% have had a particular impact on Thailandûs retail ¿“æ·«¥≈âÕ¡∑“ß∏ÿ√°‘® environment. Further, global economic uncertainty and „πªï 2549 ¡’ ¿“æ·«¥≈âÕ¡∑’Ë‰¡à‡Õ◊ÈÕÕ”π«¬μàÕ°“√ its real and potential impact on Thailand also had an ¥”‡π‘π∏ÿ√°‘®„πÀ≈“¬¥â“π ‚¥¬ à«π„À≠à‡ªìπªí≠À“√–¬–¬“«∑’Ë adverse impact on the Thai business environment during à ß º≈°√–∑∫μà Õ ‡π◊Ë Õ ß°— ∫ ∏ÿ √ °‘ ® ‚¥¬√«¡¢Õßª√–‡∑»‚¥¬ 2006. ‡©æ“–∏ÿ√°‘®§â“ª≈’°„πªï 2549 ·≈–ªï 2550 Õ¬à“ß‰√°Áμ“¡ Economic Conditions ∫‘Í ° ´’ °Á ¡’ ° “√¥”‡π‘ π ∏ÿ √ °‘ ® Õ¬à “ ß‡À¡“– ¡¿“¬„μâ ¿“æ While national-level economic performance was mixed ·«¥≈âÕ¡‡™àππ’È ‚¥¬‰¥â∑”°“√∫√‘À“√§«“¡‡ ’Ë¬ß∑’ËÕ“®‡°‘¥¢÷Èπ in 2006, there were signs of weakening in several sectors ·≈–°”Àπ¥®ÿ¥¬◊π¢Õß∫√‘…—∑œ ∑’Ë®–∑”„Àâ∫√‘…—∑œ ‰¥â√—∫ and consumer confidence steadily declined over the course ª√–‚¬™πå‡¡◊ËÕ ¿“æ·«¥≈âÕ¡∑“ß∏ÿ√°‘®ª√—∫μ—«¥’¢÷Èπ of the year. Inflation was less of an issue than in 2005, ”À√—∫ªí®®—¬∑’Ë®– àßº≈°√–∑∫μàÕ∏ÿ√°‘®§â“ª≈’°‚¥¬ but remained a concern for many people and prices of ‡©æ“– §◊ Õ °“√‡ πÕ„Àâ ¡’ ° “√ª√— ∫ ‡ª≈’Ë ¬ π°ÆÀ¡“¬°“√ key items, especially petrol, remained high. Floods in §«∫§ÿ¡√–∫∫§â“ª≈’° §«“¡‰¡à·πàπÕπ∑“ß°“√‡¡◊Õß„πª√–‡∑» several provinces had a major impact on local economies ªí≠À“¥â“π§«“¡ª≈Õ¥¿—¬®“° ∂“π°“√≥å√ÿπ·√ß„π¿“§„μâ as well as on the agricultural sector in general. —≠≠“≥∑’Ë∫àß™’È∂÷ß¿“«–‡»√…∞°‘®™–≈Õμ—«„πª√–‡∑»·≈– 2006 2005 §«“¡‰¡à ¡—Ë π „®¢ÕßºŸâ ∫ √‘ ‚ ¿§∑’Ë à ß º≈μà Õ °“√„™â ‡ ß‘ π ¢Õß GDP 5% 4.5% ºŸâ∫√‘‚¿§Õ¬à“ß√–¡—¥√–«—ß ªí®®—¬‡À≈à“π’È àßº≈°√–∑∫μàÕ∏ÿ√°‘® Unemployment 1.3% 1.5% §â “ ª≈’ ° ‚¥¬√«¡ πÕ°®“°π’È §«“¡º— π º«π¢Õß¿“«– Inflation 4.7% 4.5% ‡»√…∞°‘®‚≈°∑’Ë¡’º≈μàÕª√–‡∑»‰∑¬°Á àßº≈°√–∑∫μàÕ∏ÿ√°‘® Consumer Confidence 82 87 §â“ª≈’°„πªï 2549 ‡™àπ°—π à«π·∫àß°“√μ≈“¥ °√“ø· ¥ß à«π·∫àß°“√μ≈“¥ μ“¡®”π«π “¢“

¿“«–‡»√…∞°‘ ® ¢Õßª√–‡∑»∑’Ë ¡’ § «“¡º— π º«π„πªï 2549 ∑”„Àâ‡°‘¥§«“¡‰¡à·πàπÕπ„πÀ≈“¬¿“§∏ÿ√°‘® μ≈Õ¥ ®πºŸâ∫√‘‚¿§¡’§«“¡‰¡à¡—Ëπ„® ¢≥–∑’Ëªí≠À“Õ—μ√“‡ß‘π‡øÑÕ°Á¬—ß §ß‡ªìπ∑’Ë«‘μ°°—ß«≈·μà‰¡à√ÿπ·√ß‡∑à“ªï 2548 √«¡∑—Èßªí®®—¬ ¥â“π√“§“¢Õß ‘π§â“ ‚¥¬‡©æ“–√“§“πÈ”¡—π∑’Ë¬—ß§ßÕ¬Ÿà„π √–¥—∫ Ÿß πÕ°®“°π’È ‡Àμÿ°“√≥åπÈ”∑à«¡„πÀ≈“¬®—ßÀ«—¥°Á àß º≈μàÕ¿“«–‡»√…∞°‘®¢Õß∑âÕß∂‘Ëπ √«¡∑—Èß¿“§°“√‡°…μ√ §à“®’¥æ’ ’ Õ—μ√“°“√«à“ßß“π Õ—μ√“‡ß‘π‡øÑÕ ¥—™π’§«“¡‡™◊ËÕ¡—Ëπ¢ÕßºŸâ∫√‘‚¿§

2549 5% 1.3% 4.7% 82

2550 4.5% 1.5% 4.5% 87

Through our combination of value-based pricing, geographic expansion and outstanding customer service, Big C was in an excellent position during 2006 to meet the needs of Thai consumers as they focused more on getting the most value from every baht they spend. With Big Cûs reputation for delivering value, even in the face of a weakening economic situation, we were able to sustain our strong financial performance and continue our store expansion program. Significant Changes in 2006 Operational Big C made operational improvements in several areas during 2006 resulting in both improved top-line performance and reduced costs. These improvements

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”À√—∫∫‘Í°´’ °“√¥”‡π‘ππ‚¬∫“¬°“√‡ªìπºŸâπ”¥â“π√“§“ °“√¢¬“¬ “¢“„π¿“§μà“ßÊ ∑—Ë«ª√–‡∑» ·≈–°“√„Àâ∫√‘°“√∑’Ë ‚¥¥‡¥àπ·°à≈Ÿ°§â“ ∑”„Àâ∫‘Í°´’ª√– ∫§«“¡ ”‡√Á®‡ªìπÕ¬à“ß¥’ „πªï 2549 ‚¥¬ “¡“√∂μÕ∫ πÕß§«“¡μâÕß°“√¢Õß≈Ÿ°§â“ ™“«‰∑¬∑’Ë ¡ÿà ß À“ ‘ π §â “ ·≈–∫√‘ ° “√∑’Ë ¡’ §ÿ ≥ ¿“æ·≈–√“§“ ª√–À¬—¥ ¥â«¬™◊ËÕ‡ ’¬ß·≈–¿“æ≈—°…≥å¢Õß∫‘Í°´’„π¥â“π°“√ ¡Õ∫§«“¡§ÿâ¡§à“·°à≈Ÿ°§â“ ∑”„Àâ·¡â„π™à«ß∑’Ë‡»√…∞°‘®μ°μË” ∫‘Í°´’°Á¬—ß§ß¡’º≈ª√–°Õ∫°“√∑’Ë·¢Áß·°√àß·≈– “¡“√∂¢¬“¬ “¢“„À¡àÕ¬à“ßμàÕ‡π◊ËÕß °“√‡ª≈’Ë¬π·ª≈ß∑’Ë ”§—≠„πªï 2549 °“√¥”‡π‘πß“π

included the renovation and/or expansion of 11 stores including upgrades to 9 Big C Town Centers. These improvements and extensions helped to increase customer satisfaction and generate increased sales. We estimate that approximately 16% sales increase recorded in 2006 is attributable to this program. In addition to improvements to existing stores, Big C opened four new branches in 2006, in line with our expansion strategy. The new branches are: 1. Phrae 11 May 2006 2. Ratchaburi 6 June 2006 3. Lam Lukka 17 October 2006 4. Prachinburi 14 December 2006 Our focus on operational excellence also led to significant reductions in our operating costs through efficiency gains: * The energy savings program that we put in place several years ago has been effective in reducing electricity expenses by 35 million Baht per year * Transportation costs in 2006 were reduced by 5% as a result of improvements in the way the distribution center packs goods for shipment (moving from a palletized system to a carton-based arrangement) * With the computerized inventory control system that was deployed in 2005 we have been able to effectively maintain our average number of inventory days at 34, even while our range of merchandise has increased.

„πªï 2549 ∫‘Í°´’¡’°“√ª√—∫ª√ÿß°“√¥”‡π‘πß“π„πÀ≈“¬ ¥â“π´÷Ëß àßº≈„Àâ∫‘Í°´’ “¡“√∂≈¥μâπ∑ÿπ·≈–§à“„™â®à“¬·≈–¡’ º≈ª√–°Õ∫°“√∑’Ë¥’¢÷Èπ ”À√—∫°“√¥”‡π‘πß“π∑’Ë ”§—≠§◊Õ °“√ª√— ∫ ª√ÿ ß “¢“·≈–°“√¢¬“¬æ◊È π ∑’Ë „ π à « π¢Õß∑“«πå ‡´Áπ‡μÕ√å √«¡∑—ßÈ ‘πÈ 11 “¢“ ‚¥¬°“√ª√—∫√Ÿª‚©¡Õ¬à“ß‡μÁ¡√Ÿª ·∫∫ 9 “¢“ ‡æ◊ÕË ‡æ‘¡Ë §«“¡æ÷ßæÕ„®„Àâ·°à≈°Ÿ §â“∑’¡Ë “´◊ÕÈ ‘π§â“ ·≈– π—∫ πÿπ°“√‡μ‘∫‚μ¢Õß¬Õ¥¢“¬ ‚¥¬„πªï 2549 ∫‘Í°´’ ¡’√“¬‰¥â®“°§à“‡™à“‡æ‘Ë¡¢÷Èπª√–¡“≥ 16% ´÷Ëß§“¥«à“‡ªìπº≈ ®“°°“√ª√—∫ª√ÿß “¢“¥—ß°≈à“« πÕ°®“°°“√ª√—∫ª√ÿß “¢“ªí®®ÿ∫—π·≈â« ∫‘Í°´’ ¬—ß‰¥â‡ªî¥ “¢“„À¡à„πªï 2549 μ“¡°≈¬ÿ∑∏å°“√¢¬“¬‡™‘ß∏ÿ√°‘® ¥—ßπ’È 1. “¢“·æ√à «—π∑’Ë 11 æƒ…¿“§¡ 2549 2. “¢“√“™∫ÿ√’ «—π∑’Ë 6 ¡‘∂ÿπ“¬π 2549 3. “¢“≈”≈Ÿ°°“ «—π∑’Ë 17 μÿ≈“§¡ 2549 4. “¢“ª√“®’π∫ÿ√’ «—π∑’Ë 14 ∏—π«“§¡ 2549 Regulatory ”À√—∫°“√¥”‡π‘πß“π¥â“πÕ◊πË Ê∑’ Ë ßà º≈„Àâ∫°‘Í ´’ “¡“√∂≈¥ In 2006, the government moved to complete the draft of the Retail and Wholesale Business Law that will regulate §à“„™â®à“¬„π°“√¥”‡π‘πß“πÕ¬à“ß¡’π—¬ ”§—≠ ¡’¥—ßπ’È * ‚§√ß°“√ª√–À¬—¥æ≈—ßß“π∑’Ë∫‘Í°´’‰¥â√‘‡√‘Ë¡‚§√ß°“√„π retailers, wholesalers and suppliers. It has been undergoing ™à « ßÀ≈“¬ªï ∑’Ë ºà “ π¡“¡’ º ≈≈— æ ∏å ∑’Ë ¥’ ∑”„Àâ ∫ √‘ …— ∑ œ revision for several years as the authorities try to determine “¡“√∂ª√–À¬—¥§à“„™â®à“¬¥â“πæ≈—ßß“πª√–¡“≥ 35 how best to ensure that the law is fair to all concerned. The Retail and Wholesale Business Law is expected to ≈â“π∫“∑μàÕªï be submitted to cabinet within 2007. Big C is working * ‚§√ß°“√ª√—∫ª√ÿß√–∫∫°“√¢π àßÕ¬à“ß¡’ª√– ‘∑∏‘¿“æ with the Thai Retailers Association to ensure that all ™à«¬„Àâ∫√‘…—∑œ “¡“√∂≈¥μâπ∑ÿπ°“√¢π àß ‘π§â“≈ß interested parties have access to accurate information ª√–¡“≥ 5 ‡ªÕ√å‡´Áπμå„πªï 2549 regarding the nature of the large format retailing business * ∫‘Í ° ´’ ‰ ¥â ‡ √‘Ë ¡ „™â √ –∫∫§«∫§ÿ ¡ ‘ π §â “ §ß§≈— ß ¥â « ¬§Õ¡ and the benefits it brings to communities across Thailand. æ‘«‡μÕ√å„πªï 2548 ‚¥¬°“√„™â´Õøμå·«√å‡¢â“¡“™à«¬„π °“√ —Ëß´◊ÈÕ ‘π§â“Õ—μ‚π¡—μ‘ ∑”„Àâ√–¬–‡«≈“¢“¬ ‘π§â“ Business and competitive environment The business and competitive environment in 2006 ¢Õß∫‘Í°´’‡À≈◊Õ‡æ’¬ß 34 «—π·¡â«à“®–¡’°“√ —Ëß ‘π§â“ presented several challenges for Big C. These included ®”π«π‡æ‘Ë¡¡“°¢÷Èπ expanding and aggressive competitors, vocal protests from special interest groups that feel threatened by consumer

°Æ√–‡∫’¬∫ „πªï 2549 √—∞∫“≈‰¥âæ¬“¬“¡‡ πÕ√à“ßæ√–√“™∫—≠≠—μ‘ ª√–°Õ∫∏ÿ√°‘®§â“ª≈’°§â“ àß §√Õ∫§≈ÿ¡∏ÿ√°‘®§â“ª≈’°§â“ àß ·≈–ºŸâº≈‘μ (´—ææ≈“¬‡ÕÕ√å) ‚¥¬„π™à«ßÀ≈“¬ªï∑’Ëºà“π¡“ √—∞∫“≈‰¥â¡’°“√æ‘®“√≥“∑∫∑«πÀ≈“¬§√—Èß‡æ◊ËÕ„Àâ¡—Ëπ„®«à“ °ÆÀ¡“¬π’È®–‡ªìπ∏√√¡μàÕ∑ÿ°ΩÉ“¬ ‡ªìπ∑’Ë§“¥«à“ °ÆÀ¡“¬π’È ®–∂Ÿ°¬◊Ëπ‡¢â“∑’Ëª√–™ÿ¡§≥–√—∞¡πμ√’‡æ◊ËÕæ‘®“√≥“¿“¬„πªï 2550 „π à«π¢Õß∫‘Í°´’‰¥â¡’°“√∑”ß“π√à«¡°—∫ ¡“§¡ºŸâ §â“ª≈’°‰∑¬‡æ◊ËÕ„ÀâºŸâ‡°’Ë¬«¢âÕß∑ÿ°°≈ÿà¡‰¥â√—∫¢âÕ¡Ÿ≈∑’Ë∂Ÿ°μâÕß ‡°’Ë¬«°—∫∏ÿ√°‘®§â“ª≈’° ‚¥¬‡©æ“–‡√◊ËÕßÀâ“ß§â“ª≈’°¢π“¥„À≠à ·≈–°“√∑”ª√–‚¬™πå¢ÕßÀâ“ß§â“ª≈’°μàÕ™ÿ¡™π∑—Ë«ª√–‡∑» ¿“æ·«¥≈âÕ¡∑“ß∏ÿ√°‘®·≈–°“√·¢àß¢—π

°“√«‘‡§√“–Àåß∫°“√‡ß‘π º≈°“√¥”‡π‘πß“π¢Õß∫√‘…∑— œ ·≈–∫√‘…∑— ¬àÕ¬„πªï 2549 ¡’°”‰√ ÿ∑∏‘ 2,124 ≈â“π∫“∑ ‡¡◊ËÕ‡ª√’¬∫‡∑’¬∫°—∫ªï 2548 ´÷Ëß¡’°”‰√ ÿ∑∏‘®”π«π 1,883 ≈â“π∫“∑ À√◊Õ¡’°“√‡μ‘∫‚μ ¢Õß°”‰√ ÿ∑∏‘ Ÿß∂÷ß 240.8 ≈â“π∫“∑ À√◊ÕÕ—μ√“√âÕ¬≈– 12.8 π—∫«à“ ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ª√– ∫§«“¡ ”‡√Á®‡ªìπÕ¬à“ß ¡“°„π°“√∫√‘À“√ß“π ´÷Ëßªí®®—¬∑’Ë π—∫ πÿπ°“√‡æ‘Ë¡¢÷Èπ¢Õß

Analysis of Financial Statement Big Cûs consolidated operating results for the year ending 2006 showed a net profit of 2,124 MB. When compared to last yearûs net profit of 1,883 MB, net profit increased by 240 MB, or 12.8%. The factors that supported Big Cûs successful financial performance are: 1. Net Sales Consolidated net sales for 2006 amounted to 58,033 MB, which represented an increase of 4,839 MB, or 9.1% over the previous year. The increase was due in part to Big Cûs ongoing branch expansion with four new stores being opened during 2006 in Phrae, Ratchaburi, Lam Lukka and Prachinburi. 2. Rental, Service Income and Other Income 2006 Rental and service Income 2,427 Other Income 5,240 Total 7,667

2005 Increase 2,087 16.3% 4,297 22% 6,384 20.1%

¿“æ·«¥≈â Õ ¡∑“ß∏ÿ √ °‘ ® ·≈– ¿“«–°“√·¢à ß ¢— π „πªï 2549 ¡’§«“¡∑â“∑“¬Õ¬à“ß¡“°μàÕ∫‘°Í ´’ ∑—ßÈ „π¥â“π°“√·¢àß¢—π ∑’‡Ë æ‘¡Ë ¢÷πÈ °“√μàÕμâ“πÀâ“ß§â“ª≈’°¢π“¥„À≠à¢Õß°≈ÿ¡à ºŸ‡â ’¬º≈ ª√–‚¬™πå √«¡∑—Èß§«“¡º—πº«π∑“ß°“√‡¡◊Õß·≈–‡»√…∞°‘®∑’Ë ∫—Ëπ∑Õπ§«“¡‡™◊ËÕ¡—Ëπ¢ÕßºŸâ∫√‘‚¿§ ·≈–∑”„ÀâºŸâ∫√‘‚¿§™π ™—Èπ°≈“ß‡ª≈’Ë¬πæƒμ‘°√√¡À—π¡“ π„® ‘π§â“∑’Ë¡’§ÿ≥¿“æ„π √“§“¬àÕ¡‡¬“¡“°¢÷Èπ „π ∂“π°“√≥å‡™àππ’È °≈¬ÿ∑∏å¥“â π√“§“ ¢Õß∫‘°Í ´’®ß÷ ‰¥â√∫— °“√¬Õ¡√—∫®“°ºŸ∫â √‘‚¿§™“«‰∑¬·≈–π”‰ª Ÿà °“√¡’º≈ª√–°Õ∫°“√∑“ß°“√‡ß‘π∑’Ë¥’ ·¡â„π¿“«–‡»√…∞°‘®∑’Ë ·∑∫®–‰¡à¡’°“√‡μ‘∫‚μ°Áμ“¡ „π¥â“π ¿“«–∑“ß°“√·¢àß¢—π ®–‡ÀÁπ‰¥â®“°°“√‡ªî¥ “¢“Àâ “ ß§â “ ª≈’ ° ¢π“¥„À≠à „ πÀ≈“¬æ◊È π ∑’Ë „ πμà “ ß®— ß À«— ¥ Õ¬à“ßμàÕ‡π◊ËÕß ‚¥¬°“√‡μ‘∫‚μ¢ÕßÀâ“ß§â“ª≈’°¢π“¥„À≠à · ¥ß„Àâ‡ÀÁπ«à“ ºŸâ∫√‘‚¿§¬—ß§ß¡’§«“¡μâÕß°“√Àâ“ß§â“ª≈’° ¢π“¥„À≠àÕ¬Ÿà ´÷Ëßπ—∫‡ªìπ‚Õ°“ ∑’Ë ”§—≠¢Õß∫‘Í°´’ æ— ≤ π“°“√Õ’ ° ¥â “ π¢Õß°“√·¢à ß ¢— π „πªï 2549 §◊ Õ ™àÕß∑“ß¢Õß∏ÿ√°‘®¢“¬μ√ß ´÷ËßºŸâª√–°Õ∫°“√∏ÿ√°‘®¢“¬μ√ß À≈“¬√“¬‰¥â¢¬“¬∞“π°“√®”Àπà“¬‡æ◊ËÕ √â“ßß“π„Àâ§π‰∑¬ ¡’ √ “¬‰¥â ¡ “°¢÷È π Õ¬à “ ß‰√°Á μ “¡ ‘ π §â “ ∑’Ë ®”Àπà “ ¬¢Õß ºŸâª√–°Õ∫°“√¢“¬μ√ß·≈–∫‘Í°´’®–¡’§«“¡·μ°μà“ß°—π ∑”„Àâ °“√·¢àß¢—π¢Õß∏ÿ√°‘®¢“¬μ√ß·≈–Àâ“ß§â“ª≈’°Õ¬Ÿà„π√–¥—∫μË” „πªí®®ÿ∫π—

acceptance of large format retailers, and political and economic uncertainty that reduced consumer confidence. With regards to changes in the business environment, the largest was the decline in consumer confidence and an increasing focus on value-for-Baht among middleclass consumers. In this environment, Big Cûs value oriented pricing strategy found increased acceptance among Thai consumers and led to improved financial performance in the face of a generally flat domestic economy. The competitive environment was marked by continuing expansion of all major large format stores in provincial areas. This expansion has been driven by the same basic dynamic as Big Cûs own. The continuing growth in provincial markets of all large format stores is a clear indication of the latent consumer demand for this type of retail channel and Big Cûs significant upside potential. Another development within the competitive environment has been the growth in 2006 of the direct sales channel, with many direct sales operators expanding their distributor bases as Thai people sought to develop multiple income streams. Currently, the merchandise offered by direct sales operators and Big C is significantly different and thus there little direct competition at the present time.

º≈°“√¥”‡π‘πß“π¥—ß°≈à“«¡’¥—ßμàÕ‰ªπ’È 1. √“¬‰¥â®“°°“√¢“¬ ¬Õ¥¢“¬¢Õß∫√‘…∑— œ ·≈–∫√‘…∑— ¬àÕ¬„πªï 2549 ¡’®”π«π 58,033 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®“°ªï 2548 ®”π«π4,839 ≈â“π∫“∑ À√◊ÕÕ—μ√“√âÕ¬≈– 9.1 “‡Àμÿ¢Õß°“√‡æ‘¡Ë ¢÷πÈ ¥—ß°≈à“« ‡ªìπº≈®“°°“√¢¬“¬ “¢“Õ¬à“ßμàÕ‡π◊ËÕß®”π«π4 “¢“„πªï 2549 §◊Õ “¢“·æ√à “¢“√“™∫ÿ√’ “¢“≈”≈Ÿ°°“ ·≈– “¢“ ª√“®’π∫ÿ√’ 2. √“¬‰¥â§à“‡™à“·≈–§à“∫√‘°“√·≈–√“¬‰¥âÕ◊Ëπ 2549 - √“¬‰¥â§à“‡™à“·≈–§à“∫√‘°“√ 2,427 - √“¬‰¥âÕ◊Ëπ 5,240 √«¡ 7,667

2548 ‡æ‘Ë¡¢÷Èπ 2,087 16.3 % 4,297 22 % 6,384 20.1%

Rental and service income from tenants for 2006 amounted to 2,427 MB, which represented an increase of 340 MB, or 16.3%. This was due to the expansion of new branches as stated in Clause1. Other income, such as rebate income agreed to between Big C and certain suppliers, was 5,240 MB in 2006, which represented an increase of 943 MB, or 22%, over 2005. 3. Gross Profit Gross profit during the year ending 2006 was 5,427 MB, which is an increase of 333 MB, or 6.5% over 2005. 4. Selling and Administration Expenses Selling and administration expenses during 2006 were 9,884 MB, which represented an increase of 1,214 MB, or 14%, over 2005. The increase was due in part to the new store expansion program as well as to increased advertising and promotional expenses.

Analysis of the Balance Sheet The consolidated balance sheet for Big C and its subsidiaries had total assets as of December 31, 2006 of 29,956 MB, which represents an increase of 1,059 MB over the previous year. This increase can be attributed to the addition of four new branches in 2006, which led to an increase in land, buildings and equipment valued at 1,778 MB. In addition, to respond to the retail business expansion, the company and its subsidiaries increased the level of merchandise by 235 MB. With respect to liabilities, Big C and its subsidiaries 3. °”‰√¢—Èπμâπ have loan facilities of 746 MB, which reduced from the °”‰√¢—Èπμâπ¢Õßªï 2549 ¡’®”π«π 5,427 ≈â“π∫“∑ previous year by 750 MB and decreased the consolidated ‡æ‘Ë¡¢÷Èπ®“°ªï 2548 ®”π«π 333 ≈â“π∫“∑ À√◊Õ‡æ‘Ë¡¢÷Èπ debt to equity ratio (DE ratio) to 0.1. As of December 31, 2006, consolidated trade account √âÕ¬≈– 6.5 patable were 10,461 MB, which increase by 604 MB over 2005 due to the increase in merchandise inventory 4. §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ related to the branch expansion program. §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√¢Õßªï 2549 ¡’®”π«π 9,884 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®“°ªï 2548 ®”π«π 1,214 Cash Flows The consolidated cash flows from operations were ≈â“π∫“∑ À√◊Õ‡æ’¬ßÕ—μ√“√âÕ¬≈– 14 ´÷ßË “‡Àμÿ¢Õß°“√‡æ‘¡Ë ¢÷πÈ ¥—ß°≈à“«‡ªìπº≈®“°°“√¢¬“¬ “¢“∑’Ë‡æ‘Ë¡¢÷Èπ·≈–°“√‡æ‘Ë¡¢÷Èπ 4,561 MB, or 8 % of total sales in 2006. With respect ¢Õßμâπ∑ÿπ°“√‚¶…≥“ª√–™“ —¡æ—π∏å Õ—π¡’§«“¡®”‡ªìπ to the increase in cash flows, the company was able to use the funds for the branch expansion program, Õ¬à“ß¬‘ËßμàÕ°“√º≈—°¥—π°“√‡®√‘≠‡μ‘∫‚μ¢Õß¬Õ¥¢“¬ repayment of debt, and payment of a dividend to shareholders in the amounts of 3,865 MB, 750 MB and °“√«‘‡§√“–Àå∞“π–°“√‡ß‘π 1,250 MB respectively. ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’ ‘π∑√—æ¬å√«¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ®”π«π 29,956 ≈â“π∫“∑ ´÷Ëß‡¡◊ËÕ‡ª√’¬∫

√“¬‰¥â§à“‡™à“·≈–§à“∫√‘°“√„πªï 2549 ¡’®”π«π 2,427 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®“°ªï 2548 ®”π«π 340 ≈â“π∫“∑ À√◊Õ Õ—μ√“√âÕ¬≈– 16.3 ‡π◊ÕË ß®“°°“√¢¬“¬æ◊πÈ ∑’„Ë Àâ‡™à“®“°°“√‡ªî¥ “¢“„À¡àμ“¡§”Õ∏‘∫“¬„π¢âÕ 1. √“¬‰¥âÕ◊Ëπ Õ—π‰¥â·°à √“¬‰¥â®“°°“√ àß‡ √‘¡°“√¢“¬ º≈‘μ¿—≥±å¢ÕßºŸºâ ≈‘μ ´÷ßË °àÕ„Àâ‡°‘¥ª√–‚¬™πå ßŸ ÿ¥∑—ßÈ ÕßΩÉ“¬ √«¡∂÷ß√“¬‰¥âÕ◊Ëπ Ê „πªï 2549 ¡’®”π«π 5,240 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®“°ªï 2548 ®”π«π 943 ≈â“π∫“∑ À√◊ÕÕ—μ√“ √âÕ¬≈– 22

‡∑’¬∫°—∫ªï 2548 ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’ ‘π∑√—æ¬å¥—ß °≈à“«‡æ‘Ë¡¢÷Èπ®”π«π 1,059 ≈â“π∫“∑ °“√‡æ‘Ë¡¢÷Èπ¢Õß ‘π∑√—æ¬å¥—ß°≈à“« ‡ªìπº≈®“°°“√¢¬“¬ “¢“®”π«π 4 “¢“ ®÷ß∑”„Àâ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å ‡æ‘Ë¡ ¢÷Èπ®”π«π 1,778 ≈â“π∫“∑ πÕ°®“°π’È ‡æ◊ËÕ πÕßμÕ∫°“√ ¢¬“¬ “¢“¢Õß∏ÿ√°‘®§â“ª≈’°¥—ß°≈à“« ∫√‘…—∑œ·≈–∫√‘…—∑ ¬àÕ¬‰¥â¡’°“√´◊ÈÕ ‘π§â“‡æ‘Ë¡¢÷Èπ®”π«π 235 ≈â“π∫“∑ ”À√—∫„π°≈ÿà¡¢ÕßÀπ’È ‘π ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’‡ß‘π°Ÿâ ®”π«π 746 ≈â“π∫“∑ ´÷Ëß≈¥≈ß®“°ªï°àÕπ®”π«π 750 ≈â“π∫“∑ ∑”„Àâ —¥ à«π¢ÕßÀπ’È ‘πμàÕ∑ÿπ¢Õß∫√‘…—∑œ ·≈– ∫√‘…—∑¬àÕ¬‡À≈◊Õ‡æ’¬ß‡∑à“°—∫ 0.1 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’ ‡®â“Àπ’È°“√§â“®”π«π 10,461 ≈â“π∫“∑ ‡æ‘Ë¡¢÷Èπ®“°ªï°àÕπ ®”π«π 604 ≈â“π∫“∑ ´÷Ëß‡°‘¥®“°°“√´◊ÈÕ ‘π§â“‡æ‘Ë¡¢÷Èπ®“° °“√¢¬“¬ “¢“ ·≈–√Õß√—∫¬Õ¥¢“¬∑’Ë‡μ‘∫‚μ¢÷Èπ™à«ß ‘Èπªï

∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’‡ß‘π ¥∑’Ë‰¥â®“°°“√¥”‡π‘πß“π ®”π«π 4,561 ≈â“π∫“∑ „πªï 2549 §‘¥‡ªìπ 8% ¢Õß¬Õ¥ ¢“¬√«¡ º≈®“°°“√‡æ‘Ë¡¢÷Èπ¢Õß°√–· ‡ß‘π ¥¥—ß°≈à“«∑”„Àâ ∫√‘…—∑œ “¡“√∂π”‰ª≈ß∑ÿπ„π°“√¢¬“¬ “¢“ ™”√–‡ß‘π°Ÿâ ·≈–®à“¬‡ß‘πªíπº≈„π√–À«à“ßªï®”π«π 3,865 ≈â“π∫“∑, 750 ≈â“π∫“∑ ·≈– 1,250 ≈â“π∫“∑μ“¡≈”¥—∫ Õ—μ√“ à«π∑“ß°“√‡ß‘π 1. Õ—μ√“ à«π‡ß‘π∑ÿπÀ¡ÿπ‡«’¬π ≥ ‘Èπªï 2549 ∫√‘…—∑œ ¡’Õ—μ√“ à«π ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π μà Õ Àπ’È ‘ π À¡ÿ π ‡«’ ¬ π‡∑à “ °— ∫ 0.5 ‡∑à “ ‡ªì π º≈¡“®“° ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π·≈–Àπ’ È π‘ À¡ÿπ‡«’¬π¢Õß∫√‘…∑— œ à«π„À≠à Õ¬Ÿà„π√Ÿª¢Õß ‘π§â“§ß‡À≈◊Õ·≈–‡®â“Àπ’È°“√§â“´÷Ëß¡’√–¬–‡«≈“ ¢“¬ ‘π§â“‡©≈’Ë¬‡∑à“°—∫ 32 «—π ·≈–√–¬–‡«≈“™”√–Àπ’È‡©≈’Ë¬ ‡∑à“°—∫ 70 «—π 2. Àπ’È ‘πμàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ ≥ «—π ‘πÈ ªï 2549 ∫√‘…∑— œ ¡’‚§√ß √â“ß‡ß‘π∑ÿπ´÷ßË ª√–°Õ∫ ¥â«¬Àπ’È ‘π®”π«π 15,453 ≈â“π∫“∑·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ ®”π«π 14,503 ≈â“π∫“∑ §‘¥‡ªìπÕ—μ√“ à«πÀπ’ È π‘ μàÕ à«π¢Õß ºŸâ∂◊ÕÀÿâπ‡∑à“°—∫ 1.0 ‡∑à“ ·μà‡π◊ËÕß®“°Àπ’È ‘π à«π„À≠à¢Õß ∫√‘…—∑œ Õ¬Ÿà„π√Ÿª¢Õß‡®â“Àπ’È°“√§â“ ©–π—ÈπÀ“°æ‘®“√≥“ ‡©æ“–Àπ’È ‘π∑’Ë¡’¿“√–¥Õ°‡∫’È¬ ´÷Ëßª√–°Õ∫¥â«¬‡ß‘π°Ÿâ¬◊¡ √–¬– —Èπ®”π«π 746 ≈â“π∫“∑·≈â«®–‡ÀÁπ«à“Õ—μ√“ à«π Àπ’È ‘π‡©æ“–∑’Ë¡’¿“√–¥Õ°‡∫’È¬μàÕ à«π¢ÕßºŸâ∂◊ÕÀÿâπ®–Õ¬Ÿà„π Õ—μ√“‡æ’¬ß 0.1 ‡∑à“

Risk Factors Government/Regulatory/Security Thailandûs political situation has stabilized considerably following the peaceful coup dûetat on 19 September 2006. While the situation in the country is generally normal, there remains latent uncertainty regarding the long-term economic consequences of the current political situation. The regulatory environment in Thailand was also marked by some uncertainty, especially regarding the retail sector, due to the fact that several key pieces of legislation continue to be debated and reviewed within the government ministries. Particularly relevant to Big C is the Retail and Wholesale Business Law that has been undergoing review and revision for several years. The terms of this law have not been made public and thus its ultimate impact is unknown. Big C has been working with the Thai Retailers Association to ensure that all interested parties including government officers have accurate information regarding Thailand retailing sector and the economic and social benefits generated by large format retailers.

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Financial Ratios 1. Current ratio The current ratio is derived from current assets divided by current liabilities, which was 0.5 times as of 31 December 2006. This is because major portions of both current assets and current liabilities of Big C are in the form of inventory and trade accounts payable, which have average turns of only 32 days and average payment days of up to 70 days. 2. Total liabilities to shareholders equity At of 31 December 2006, the capital structure of the company and its subsidiaries was composed of total liabilities in the amount of 15,453 MB and total shareholders equity of 14,503 MB. The ratio of liabilities to shareholders equity was only 1.0 times. Major company liabilities were in the form of trade accounts payable. As such, when the calculation is run with only the interestbearing debt and short-term and long-term facilities, which total 746 MB, it can be seen that the ratio of liabilities to shareholders equity was in fact only 0.1 times. 3. Profitability ratio Due to the strong growth of Big Cûs net profit since 2004, it can be seen that many financial ratios relating to profitability, such as gross profit ratio, return on equity ratio, return on assets ratio, earnings per share and others, have consistently increased or held steady year-on-year.

3. Õ—μ√“ à«π∑“ß°“√‡ß‘π∑’Ë‡°’Ë¬«¢âÕß°—∫°”‰√ ÿ∑∏‘ ‡π◊ËÕß®“°∫√‘…—∑œ ¡’Õ—μ√“°“√‡μ‘∫‚μ¢Õß°”‰√ ÿ∑∏‘Õ¬à“ß μàÕ‡π◊ÕË ß¡“μ—ßÈ ·μàªï 2547 ©–π—πÈ ®÷ß‡ÀÁπ‰¥â«“à Õ—μ√“ à«π∑“ß°“√ ‡ß‘π∑’Ë‡°’Ë¬«¢âÕß°—∫°”‰√ ÿ∑∏‘Õ—π‰¥â·°à Õ—μ√“°”‰√ ÿ∑∏‘ Õ—μ√“ º≈μÕ∫·∑πºŸ∂â Õ◊ Àÿπâ Õ—μ√“º≈μÕ∫·∑π®“° ‘π∑√—æ¬å °”‰√μàÕ Àÿâπ ·≈–Õ◊ËπÊ ¡’Õ—μ√“°“√ à«π∑’Ë‡æ‘Ë¡¢÷ÈπÀ√◊Õ„°≈â‡§’¬ß°—∫ªï °àÕπÀπâ“Õ¬à“ß ¡Ë”‡ ¡Õ ªí®®—¬§«“¡‡ ’Ë¬ß §«“¡‡ ’¬Ë ß¥â“π√—∞∫“≈ °Æ√–‡∫’¬∫∑’‡Ë °’¬Ë «¢âÕß ·≈–ªí≠À“ ¥â“π§«“¡ª≈Õ¥¿—¬

∂“π°“√≥å∑“ß°“√‡¡◊Õß¢Õßª√–‡∑»‰∑¬¿“¬À≈—ß°“√∑” √—∞ª√–À“√„π«—π∑’Ë 19 °—π¬“¬π 2549 ‰¥â√—∫°“√ª√–‡¡‘π«à“ ª√–‡∑»‰∑¬¬—ß§ß¡’§«“¡¡—Ëπ§ß∑“ß°“√‡¡◊Õß Õ¬à“ß‰√°Áμ“¡ °Á¬ß— §ß¡’§«“¡«‘μ°°—ß«≈‡°’¬Ë «°—∫¿“«–‡»√…∞°‘®„π√–¬–¬“«∑’Ë º—πº«π‡π◊ËÕß®“° ∂“π°“√≥å∑“ß‡¡◊Õß„πªí®®ÿ∫—πÕ¬Ÿà ¥â“π°“√°”°—∫¥Ÿ·≈¢Õß√—∞∫“≈π—Èπ °Á¬—ß¡’§«“¡‰¡à·πàπÕπ ‡™àπ°—π ‚¥¬‡©æ“– ”À√—∫∏ÿ√°‘®§â“ª≈’°‡π◊ËÕß®“°√—∞∫“≈¡’ ·ºπ∑’Ë®–ÕÕ°°ÆÀ¡“¬‡æ◊ËÕ°”°—∫¥Ÿ·≈À≈“¬©∫—∫ ”À√—∫ °ÆÀ¡“¬∑’‡Ë °’¬Ë «¢âÕß°—∫∫‘°Í ´’§Õ◊ æ√–√“™∫—≠≠—μª‘ √–°Õ∫∏ÿ√°‘® §â“ª≈’°§â“ àß∑’Ë¡’°“√æ‘®“√≥“·≈–∑∫∑«πÀ≈“¬§√—Èß„π™à«ß À≈“¬ªïπ’È ‚¥¬√“¬≈–‡Õ’¬¥¢Õß°ÆÀ¡“¬π’È¬—ß‰¡à‰¥â√—∫°“√ ‡ªî ¥ ‡º¬μà Õ “∏“√≥–∑”„Àâ ¬— ß ‰¡à “¡“√∂ª√–‡¡‘ π ∂÷ ß º≈ °√–∑∫∑’™Ë ¥— ‡®π‰¥â ”À√—∫∫‘°Í ´’‰¥â∑”ß“π√à«¡°—∫ ¡“§¡ºŸ§â “â ª≈’°‰∑¬‡æ◊ÕË „Àâº‡Ÿâ °’¬Ë «¢âÕß∑ÿ°ΩÉ“¬ √«¡∑—ßÈ ‡®â“Àπâ“∑’¢Ë Õß¿“§ √—∞‰¥â√—∫¢âÕ¡Ÿ≈∑’Ë∂Ÿ°μâÕß‡°’Ë¬«°—∫∏ÿ√°‘®§â“ª≈’°„π‰∑¬·≈–º≈ ª√–‚¬™πå∑“ß‡»√…∞°‘®·≈– —ß§¡∑’ËºŸâ§â“ª≈’°¢π“¥„À≠à‰¥â √â“ß √√§å„Àâ°—∫ª√–‡∑» ”À√— ∫ ∂“π°“√≥å ¥â “ π§«“¡ª≈Õ¥¿— ¬ π—È π ‰¥â à ß º≈ °√–∑∫∑’Ë√ÿπ·√ßμàÕ∏ÿ√°‘®∑âÕß∂‘Ëπ √«¡∑—Èß§«“¡¡—Ëπ„®¢ÕßºŸâ ∫√‘‚¿§ ‚¥¬ªí≠À“§«“¡√ÿπ·√ß„π 3 ®—ßÀ«—¥¿“§„μâ ‰¥â·°à ¬–≈“ ªíμμ“π’ ·≈–π√“∏‘«“ π”‰ª Ÿà§«“¡«‘μ°°—ß«≈∑’Ë¡“° ¢÷Èπ·≈–Õ“®°√–®“¬‰ª Ÿàæ◊Èπ∑’ËÕ◊ËπÊ ¢Õßª√–‡∑» ”À√—∫∫‘Í°´’ ‰¥â‡æ‘Ë¡√–∫∫√—°…“§«“¡ª≈Õ¥¿—¬·≈–·®âß„Àâæπ—°ß“π¢Õß ∫‘°Í ´’¡§’ «“¡μ◊πË μ—«·≈–√–¡—¥√–«—ßμàÕ ‘ßË º‘¥ª°μ‘√«¡∑—ßÈ ∫‘°Í ´’¬ß— ‰¥â®—¥Ωñ°Õ∫√¡°“√¥”‡π‘π°“√¿“¬„μâ ∂“π°“√≥å©ÿ°‡©‘π·°à æπ—°ß“π πÕ°®“°π’È ∫‘Í°´’ ¬—ß‰¥â∑”ª√–°—π¿—¬‡æ◊ËÕ≈¥§«“¡ ‡ ’Ë¬ß∑’ËÕ“®®–‡°‘¥¢÷ÈπμàÕ∑√—æ¬å ‘π¢Õß∫√‘…—∑®“° ∂“π°“√≥å ¥â“π§«“¡ª≈Õ¥¿—¬π’È §«“¡‡ ’Ë¬ß∑“ß°“√‡ß‘π μ“¡¡“μ√∞“π°“√∫—≠™’¢Õß‰∑¬©∫—∫∑’Ë 48 ‡√◊ÕË ß‡§√◊ÕË ß¡◊Õ ∑“ß°“√‡ß‘ππ—πÈ ‡§√◊ÕË ß¡◊Õ∑“ß°“√‡ß‘π¢Õß∫‘°Í ´’·≈–∫√‘…∑— ¬àÕ¬

Thailandûs security situation has also had an adverse impact on the local business environment as well as eroding consumer confidence. Ongoing violence in the three southernmost provinces of Yala, Pattani and Narathiwat has led to growing concerns that it may spread to other areas of the country. Big C has put in place enhanced security procedures and has alerted all of our staff to remain vigilant for suspicious items. The company has also provided staff with instructions and training as to how to proceed in emergency situations. Additionally, Big C has acquired appropriate insurance coverage to minimize any downside risk to its property stemming from the security situation. Financial Risk Factors Big C and its subsidiary companiesû financial instruments, as defined under Thai Accounting Standard No. 48 ì F inancial Instruments: Disclosure and Presentationsû, principally comprise cash and cash equivalents, trade accounts receivable, rental and other income receivable, investments, and short-term and longterm loans. The financial risks associated with these financial instruments and how they are managed are described below. Credit risk Big C and its subsidiary companies are exposed to credit risk primarily with respect to trade accounts receivable, rental and other income receivable. This risk is managed by adopting appropriate credit control policies and procedures, therefore it is not expected that Big C will incur material financial losses. In addition, Big C does not have a high concentration of credit risk since we have a large customer base. Interest rate risk Big C and its subsidiary companies are exposed to interest rate risk primarily through cash at banks, shortterm loans and long-term borrowings. However, since most of Big Cûs financial assets and liabilities bear floating interest rates or fixed interest rates, which are close to the market rate, the interest rate risk is expected to be minimal.

ª√–°Õ∫¥â«¬‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≈Ÿ°Àπ’°È “√§â“ Foreign currency risk §à“‡™à“·≈–√“¬‰¥âÕπ◊Ë ‡ß‘π≈ß∑ÿπ ·≈–‡ß‘π°Ÿ√â –¬– —πÈ ·≈–√–¬–¬“« Big C has minimal exposure to risks from changes in ‚¥¬§«“¡‡ ’¬Ë ß∑“ß°“√‡ß‘π∑’‡Ë °’¬Ë «¢âÕß°—∫‡§√◊ÕË ß¡◊Õ∑“ß°“√‡ß‘π foreign currency since the company entered into cross·≈–°“√∫√‘À“√§«“¡‡ ’Ë¬ß¡’√“¬≈–‡Õ’¬¥¥—ßπ’È currency swap contracts from the Euro to Thai Baht for the long-term loan from our related company as set out in Note 14 of the financial statements. As of 31 December §«“¡‡ ’Ë¬ß¥â“π ‘π‡™◊ËÕ 2006, a subsidiary company has a foreign currency ”À√—∫§«“¡‡ ’¬Ë ß∑“ß¥â“π ‘π‡™◊ÕË ‰¥â·°à ≈Ÿ°Àπ’°È “√§â“ §à“ denominated liability that was unhedged amounting to 0.2 ‡™à“·≈–√“¬‰¥âÕπ◊Ë Ê ‚¥¬∫‘°Í ´’¡π’ ‚¬∫“¬°“√∫√‘À“√·≈–§«∫§ÿ¡ million Euros. ‘π‡™◊ËÕ„π√–¥—∫∑’Ë‡À¡“– ¡ ¥—ßπ—Èπ ∫‘Í°´’®÷ß‰¡à¡’§«“¡‡ ’Ë¬ß∑’Ë ®–¢“¥∑ÿπ√«¡∑—Èß§«“¡‡ ’Ë¬ß¥â“π ‘π‡™◊ËÕ ‡π◊ËÕß®“°¡’∞“π ≈Ÿ°§â“„π«ß°«â“ß §«“¡‡ ’Ë¬ß¥â“πÕ—μ√“¥Õ°‡∫’È¬

§«“¡‡ ’Ë¬ß¥â“πÕ—μ√“·≈°‡ª≈’Ë¬π ∫‘Í ° ´’ ¡’ § «“¡‡ ’Ë ¬ ß„π√–¥— ∫ μË” ®“°Õ— μ √“·≈°‡ª≈’Ë ¬ π ‡π◊ËÕß®“°∫√‘…—∑‰¥â∑” —≠≠“·≈°‡ª≈’Ë¬π‡ß‘πμ√“μà“ßª√–‡∑» ®“°‡ß‘π¬Ÿ‚√‡ªìπ‡ß‘π∫“∑ ”À√—∫‡ß‘π°Ÿâ√–¬–¬“«®“°∫√‘…—∑∑’Ë ‡°’¬Ë «¢âÕß ´÷ßË ‰¥â√–∫ÿ„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π ¢âÕ∑’Ë 14 ‚¥¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ∫√‘…—∑¬àÕ¬¡’Àπ’È ‘π‡ß‘π μ√“μà “ ßª√–‡∑»∑’Ë ¬— ß ‰¡à ‰ ¥â ª √–°— π §«“¡‡ ’Ë ¬ ßª√–¡“≥ 200,000 ¬Ÿ‚√

”À√—∫§«“¡‡ ’¬Ë ß¥â“πÕ—μ√“¥Õ°‡∫’¬È ®“°‡ß‘πΩ“°∏π“§“√ ‡ß‘π°Ÿâ√–¬– —Èπ·≈–‡ß‘π°Ÿâ√–¬–¬“« ‚¥¬ ‘π∑√—æ¬å·≈–Àπ’È ‘π ∑“ß°“√‡ß‘π¢Õß∫‘Í°´’ à«π„À≠à¡’Õ—μ√“¥Õ°‡∫’È¬≈Õ¬μ—«À√◊Õ Õ—μ√“¥Õ°‡∫’È¬§ß∑’Ë ´÷Ëß¡’Õ—μ√“„°≈â‡§’¬ß°—∫Õ—μ√“¥Õ°‡∫’È¬„π μ≈“¥ ¥—ßπ—Èπ §«“¡‡ ’Ë¬ß∑“ß¥â“πÕ—μ√“¥Õ°‡∫’È¬§“¥«à“®–Õ¬Ÿà „π√–¥—∫μË”

√“¬ß“π¢Õß§≥–°√√¡°“√∫√‘…—∑œ Board of Directorsû Report

§≥–°√√¡°“√∫√‘…—∑œ ‡ªìπºŸâ√—∫º‘¥™Õ∫μàÕß∫°“√‡ß‘π √«¡¢Õß∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ ·≈– “√ π‡∑»∑“ß°“√‡ß‘π ∑’Ëª√“°Ø„π√“¬ß“πª√–®”ªï ß∫°“√‡ß‘π¥—ß°≈à“«®—¥∑”¢÷Èπ μ“¡¡“μ√∞“π°“√∫— ≠ ™’ ∑’Ë √— ∫ √Õß∑—Ë « ‰ª„πª√–‡∑»‰∑¬ ´÷Ë ß Õ¥§≈â Õ ß°— ∫ ¡“μ√∞“π°“√∫— ≠ ™’ “°≈‡ªì π à « π„À≠à ‚¥¬‡≈◊Õ°„™âπ‚¬∫“¬∫—≠™’∑’Ë‡À¡“– ¡·≈–∂◊ÕªØ‘∫—μ‘Õ¬à“ß ¡Ë”‡ ¡Õ „™â¥ÿ≈¬æ‘π‘®Õ¬à“ß√–¡—¥√–«—ß·≈–ª√–¡“≥°“√∑’Ë¥’ ∑’Ë ÿ¥„π°“√®—¥∑” √«¡∑—Èß¡’°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ”§—≠Õ¬à“ß ‡æ’¬ßæÕ„πÀ¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π §≥–°√√¡°“√‰¥â ®— ¥ „Àâ ¡’ ° “√¥”√ß√— ° …“‰«â ´÷Ë ß √–∫∫ §«∫§ÿ¡¿“¬„π∑’Ë¡’ª√– ‘∑∏‘º≈ ‡æ◊ËÕ„Àâ¡—Ëπ„®‰¥âÕ¬à“ß¡’‡Àμÿº≈ «à“°“√∫—π∑÷°¢âÕ¡Ÿ≈∑“ß∫—≠™’¡’§«“¡∂Ÿ°μâÕß §√∫∂â«π ·≈– ‡æ’¬ßæÕ∑’Ë®–¥”√ß√—°…“‰«â´÷Ëß∑√—æ¬å ‘π ·≈–‡æ◊ËÕ„Àâ∑√“∫ ®ÿ¥ÕàÕπ‡æ◊ËÕªÑÕß°—π‰¡à„Àâ‡°‘¥°“√∑ÿ®√‘μ À√◊Õ°“√¥”‡π‘π°“√∑’Ë º‘¥ª°μ‘Õ¬à“ß¡’ “√– ”§—≠ „π°“√π’È §≥–°√√¡°“√∫√‘ …— ∑ œ ‰¥â · μà ß μ—È ß §≥– °√√¡°“√μ√«® Õ∫ ´÷ßË ª√–°Õ∫¥â«¬°√√¡°“√Õ‘ √–∑’‰Ë ¡à‡ªìπºŸâ ∫√‘À“√‡ªìπºŸâ¥Ÿ·≈√—∫º‘¥™Õ∫‡°’Ë¬«°—∫§ÿ≥¿“æ¢Õß√“¬ß“π ∑“ß°“√‡ß‘π ·≈–√–∫∫§«∫§ÿ¡¿“¬„π ·≈–§«“¡‡ÀÁπ¢Õß §≥–°√√¡°“√μ√«® Õ∫‡°’Ë¬«°—∫‡√◊ËÕßπ’Èª√“°Ø„π√“¬ß“π ¢Õß§≥–°√√¡°“√μ√«® Õ∫´÷Ëß· ¥ß‰«â„π√“¬ß“πª√–®”ªï ·≈â« §≥–°√√¡°“√∫√‘ …— ∑ œ ¡’ § «“¡‡ÀÁ π «à “ √–∫∫§«∫§ÿ ¡ ¿“¬„π¢Õß∫√‘…—∑œ ‚¥¬√«¡Õ¬Ÿà„π√–¥—∫∑’Ëπà“æÕ„® ·≈– “¡“√∂ √â“ß§«“¡‡™◊ËÕ¡—ËπÕ¬à“ß¡’‡Àμÿº≈μàÕ§«“¡‡™◊ËÕ∂◊Õ‰¥â ¢Õß√–∫∫°“√‡ß‘π√«¡¢Õß∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549

(π“¬ ÿ∑∏‘™“μ‘ ®‘√“∏‘«—≤πå) ª√–∏“π°√√¡°“√

The Board of Directors is responsible for overall financial statements of the company and its subsidiaries and any financial information shown in the Annual Report. The financial statement was prepared in accordance with the accounting standard as generally accepted in Thailand, in which is also complied with major international accounting standards. The company chooses appropriate accounting policy and always acts accordingly together with careful discretion and the best estimation for such arrangements. This includes adequate disclosures of necessary information in remarks and appendix of the financial statements. The Board of Directors maintains the efficiency of the internal audit control system in order to be reasonably confident that records of any accounting information are accurate, through, complete and enough to maintain the companyûs assets. It is also aimed at substantially identify and acknowledge weaknesses to prevent malfeasance or inappropriate performances. In this regard, the Board of Directors of the company has appointed an AuditCommittee, comprising the Independent Directors who are not Executives. The Audit Committees shall have the responsibilities relating to the quality of the report on financial statement and internal control system. The opinion of the Audit Committee with regards to these subjects appeared in the report of the Audit Committee as shown in the Annual Report The Board of Directors considered that, in general, the internal control system of the company has achieved satisfactory level. It can also reasonably ensure the reliability of the company and its subsidiariesû accounting system as of December 31,2006

(π“¬Õ’ø ·∫√å°π“√å ‡∫√∫ÁÕß) ª√–∏“π‡®â“Àπâ“∑’Ë∫√‘À“√·≈– °√√¡°“√ºŸâ®—¥°“√„À≠à (Mr. Suthichart Chirathivat) Chief Executive Officer

(Mr. Yves Bernard Braibant) Chairman of the Board & President

√“¬ß“π¢Õß§≥–°√√¡°“√μ√«® Õ∫ ª√–®”ªï 2549 The Audit Committeeûs report for 2006

1. ¿“√°‘ ® ¥â “ π°“√®— ¥ „Àâ ¡’ ° “√ Õ∫∑“π·≈– μ√«® Õ∫ß∫°“√‡ß‘π §≥–°√√¡°“√μ√«® Õ∫‰¥â°”Àπ¥‡ªìπ·π«ªØ‘∫—μ‘ „ÀâºŸâ Õ∫∫— ≠ ™’ ¿ “¬πÕ°¢Õß∫√‘ …— ∑ π”‡ πÕº≈°“√ Õ∫∑“π ß∫°“√‡ß‘π√–À«à“ß°“≈√“¬‰μ√¡“ ·≈–º≈°“√μ√«® Õ∫ ß∫°“√‡ß‘πª√–®”ªï√«¡∑—Èß¢âÕ‡ πÕ·π–¢ÕßºŸâ Õ∫∫—≠™’∑’Ë‰¥â ®“°°“√μ√«®‚¥¬μ√ßμà Õ §≥–°√√¡°“√μ√«® Õ∫‡æ◊Ë Õ æ‘®“√≥“ „π°“√π’È§≥–°√√¡°“√μ√«® Õ∫‰¥â‡™‘≠ºŸâ∫√‘À“√ √–¥— ∫ Ÿ ß ¢ÕßΩÉ “ ¬∫— ≠ ™’ ° “√‡ß‘ π ·≈–ΩÉ “ ¬Õ◊Ë π ∑’Ë ‡ °’Ë ¬ «¢â Õ ß„Àâ ™’·È ®ß·≈–Õ∏‘∫“¬ª√–‡¥Áπ¢âÕ ß —¬μàÕ§≥–°√√¡°“√μ√«® Õ∫ ‚¥¬¡’ ®ÿ ¥ ¡ÿà ß À¡“¬„Àâ §”·π–π”∑’Ë ‡ ªì π ª√–‚¬™πå ¢ ÕßºŸâ Õ∫ ∫—≠™’‰¥â∂Ÿ°π”‰ª Ÿà°“√ªØ‘∫—μ‘ °“√¥”‡π‘π°“√¥—ß°≈à“«‡æ◊ËÕ„Àâ ¡—Ëπ„®«à“√“¬ß“π∑“ß°“√‡ß‘π¢Õß∫√‘…—∑‰¥â®—¥∑”¢÷ÈπÕ¬à“ß∂Ÿ° μâÕßμ“¡∑’Ë §«√μ“¡¡“μ√∞“π°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª´÷Ëß∂◊ÕªØ‘∫—μ‘„π

1. Review and verification of the interim financial statements and the external auditorûs annual report on the Companyûs financial statements The Audit Committee had established guidelines for the external auditor to directly present the results of its review of the Companyûs interim financial statements, its report on the results of the examination of the Companyûs annual financial statements and its recommendations generated from the audit to the Audit Committee at its meetings. In this regard, senior executives of the finance and accounting department and other related departments were invited to answer questions and provide necessary information to ensure the accuracy and consistency of the Companyûs accounting and financial reporting process in accordance with Generally Accepted Accounting Standards applied in Thailand.

The Audit Committee of Big C Supercenter Public §≥–°√√¡°“√μ√«® Õ∫¢Õß∫√‘…∑— ∫‘°Í ´’´‡Ÿ ªÕ√å‡´Áπ‡μÕ√å ®”°—¥ (¡À“™π) ª√–°Õ∫¥â«¬°√√¡°“√Õ‘ √– ºŸâ∑√ß§ÿ≥«ÿ≤‘ Company Limited (the çCompanyé) is comprised of three ¥â“π∫—≠™’°“√‡ß‘π °ÆÀ¡“¬ ·≈–°“√∫√‘À“√Õß§å°√ ®”π«π independent, non-executive directors; one being qualified in accounting and finance; one in law and one in 3 ∑à“π §◊Õ organizational management. The three members are: 1. π“¬ππ∑æ≈ π‘Ë¡ ¡∫ÿ≠ ª√–∏“π°√√¡°“√μ√«® Õ∫ 1. Mr. Nontaphon Nimsomboon Committee Chairman 2. ¥√. √Õßæ≈ ‡®√‘≠æ—π∏ÿå °√√¡°“√μ√«® Õ∫ 2. Dr. Rongpol Charoenphandhu Committee Member 3. æ≈‡Õ°«‘π—¬ ¿—∑∑‘¬°ÿ≈ °√√¡°“√μ√«® Õ∫ 3. Gen. Winai Phatthiyakul Committee Member §≥–°√√¡°“√μ√«® Õ∫ªØ‘ ∫— μ‘ À πâ “ ∑’Ë μ “¡∑’Ë ‰ ¥â √— ∫ The Audit Committee has performed its duties in ¡Õ∫À¡“¬®“°§≥–°√√¡°“√∫√‘ …— ∑ μ“¡°Æ∫— μ √§≥– accordance with the mandate delegated by the Companyûs °√√¡°“√μ√«® Õ∫´÷Ë ß Õ¥§≈â Õ ß°— ∫ ¢â Õ °”Àπ¥¢Õß Board of Directors. The delegation is made in accordance μ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ „π√Õ∫ªï 2549 ¡’°“√ with the Audit Committee Charter and the Regulations of ª√–™ÿ¡√«¡∑—Èß ‘Èπ 4 §√—Èß ‡ªìπ°“√ª√–™ÿ¡√à«¡°—∫ºŸâ Õ∫∫—≠™’ the Stock Exchange of Thailand. During fiscal year 2006, a total of four Audit Committee ¿“¬πÕ° ºŸâμ√«® Õ∫¿“¬„π ºŸâ∫√‘À“√√–¥—∫ Ÿß¢ÕßΩÉ“¬ meetings were held. The Audit Committee meetings were ∫— ≠ ™’ ° “√‡ß‘ π √«¡∂÷ ß ‰¥â ‡ ™‘ ≠ ºŸâ ∫ √‘ À “√√–¥— ∫ Ÿ ß ¢ÕßΩÉ “ ¬ also attended by invitees including the external auditor, ª√–¡«≈ “√ π‡∑» ·≈–ΩÉ“¬°ÆÀ¡“¬‡¢â“√à«¡ª√–™ÿ¡¥â«¬„π the internal auditor and high-level operational managers ‚Õ°“ ∑’¡Ë «’ “√–‡°’¬Ë «¢âÕß‡æ◊ÕË „Àâ¢Õâ ¡Ÿ≈‡æ‘¡Ë ‡μ‘¡„πª√–‡¥Áπ∑’‡Ë ªìπ from the Companyûs finance and accounting, information ‡√◊Ë Õ ß∑“ß‡∑§π‘ § ‡©æ“–´÷Ë ß μâ Õ ß„™â ¢â Õ ¡Ÿ ≈ ‡æ‘Ë ¡ ‡μ‘ ¡ ‡À≈à “ π—È π technology and legal departments. The invitees were present to provide explanations and appropriate additional ª√–°Õ∫°“√æ‘®“√≥“¢Õß§≥–°√√¡°“√μ√«® Õ∫ “√– ”§—≠‚¥¬ √ÿª¢Õßß“π∑’Ë§≥–°√√¡°“√μ√«® Õ∫ information to the Audit Committee as required for making its decisions. This is to enhance the capability of the Audit ‰¥â¥”‡π‘π°“√„π√–À«à“ßªï ¡’¥—ßπ’È Committee in discharging its duties and responsibilities. The substance of matters discussed in the meetings are summarized as follows:

ª√–‡∑»‰∑¬√«¡∂÷ß„Àâ¡—Ëπ„®„π§«“¡ ¡Ë”‡ ¡Õ¢Õß°“√„™â ¡“μ√∞“π°“√∫—≠™’‡À≈à“π—Èπ √«¡∂÷ß„Àâ°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈‡ªìπ ‰ª„π√–¥—∫∑’ËæÕ‡æ’¬ß ß∫°“√‡ß‘π ·≈–¢âÕ¡Ÿ≈∑’Ë¡’ “√– ”§—≠ μà“ßÊ ¢â“ßμâπ®–∂Ÿ°π”‡ πÕμàÕ§≥–°√√¡°“√¢Õß∫√‘…—∑‡æ◊ËÕ ∑√“∫ ‡æ◊ËÕæ‘®“√≥“ À√◊Õ‡æ◊ËÕÕπÿ¡—μ‘ ·≈â«·μà°√≥’À≈—ß®“° §≥–°√√¡°“√μ√«® Õ∫‰¥â Õ∫∑“π‡√’¬∫√âÕ¬·≈â« §≥–°√√¡°“√μ√«® Õ∫ ‡ÀÁπ«à“ °√–∫«π°“√∫—π∑÷° ·≈–®—¥∑”√“¬ß“π∑“ß∫—≠™’·≈–°“√‡ß‘π‚¥¬√«¡¢Õß∫√‘…—∑ ¡’ √–∫∫°“√§«∫§ÿ¡‚¥¬√«¡∑’Ë√—¥°ÿ¡ ¢âÕ¡Ÿ≈∑“ß°“√∫—≠™’·≈– °“√‡ß‘π· ¥ß∞“π–°“√‡ß‘π·≈–º≈°“√¥”‡π‘πß“π¢Õß∫√‘…—∑ ∂Ÿ°μâÕß ·≈–‡™◊ËÕ∂◊Õ‰¥âμ“¡∑’Ë§«√

After being verified and reviewed by the Audit Committee, the financial statements, auditorûs report and other significant related information will be presented to the Board of Directors either for acknowledgement, consideration or approval, as the case may be.

2. ¿“√°‘®¥â“π°“√ Õ∫∑“π√–∫∫°“√§«∫§ÿ¡·≈– μ√«® Õ∫¿“¬„π §≥–°√√¡°“√μ√«® Õ∫‰¥â¡Õ∫À¡“¬„ÀâΩÉ“¬μ√«® Õ∫ ¿“¬„πª√–‡¡‘π√–∫∫°“√§«∫§ÿ¡¿“¬„π¥â“π°“√∫—≠™’ °“√‡ß‘π ·≈–°“√¥”‡π‘πß“πμà“ßÊ ‚¥¬„πªï 2549 °“√μ√«® Õ∫ §√Õ∫§≈ÿ¡¥â“π°“√∫√‘À“√ß“π¢Õß “¢“ ´÷ßË √«¡∂÷ß °“√∫√‘À“√ ‘π§â“ °“√®—¥‡°Á∫√“¬‰¥â®“°°“√¢“¬ ‘π§â“·≈–√“¬‰¥â§à“‡™à“ √–∫∫°“√®à“¬‡ß‘π‡¥◊Õπæπ—°ß“π √«¡∂÷ß°“√ Õ∫∑“π°“√ ªØ‘∫—μ‘μ“¡√–‡∫’¬∫¢Õß∑“ß°“√Õ—π‡°’Ë¬«°—∫„∫Õπÿ≠“μμà“ßÊ ‡ªìπμâπ §≥–°√√¡°“√μ√«® Õ∫‰¥â√—∫°“√√“¬ß“πº≈°“√ μ√«® Õ∫¿“¬„π‡ªìπ√“¬‰μ√¡“ ‚¥¬μ√ß®“°ºŸâμ√«® Õ∫ ¿“¬„π·≈–‰¥â„Àâ¢Õâ ·π–π”‡æ◊ÕË ‡æ‘¡Ë §ÿ≥§à“ ª√– ‘∑∏‘¿“æ ·≈– ª√– ‘∑∏‘º≈ ·°àß“π¥â“π°“√μ√«® Õ∫¿“¬„π ‡ªìπª√–®” ∑—Èß „Àâ¡’§«“¡¡—Ëπ„®‰¥âμ≈Õ¥‡«≈“«à“ ∫√‘…—∑¡’√–∫∫°“√§«∫§ÿ¡ ¿“¬„π∑’Ë√—¥°ÿ¡ ‡À¡“– ¡ ¡’√–∫∫°“√μ‘¥μ“¡ª√–‡¡‘πº≈ ·°â ‰ ¢®ÿ ¥ Õà Õ πÀ√◊ Õ ¢â Õ ∫°æ√à Õ ß„¥∑’Ë Õ “®¡’ Õ ¬Ÿà Õ ¬à “ ß∑— π ‡«≈“ ‡ªìπ à«πÀπ÷Ëß¢Õß°√–∫«π°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ‡æ◊ËÕ ª√–‚¬™πå¢Õß∫√‘…—∑‡Õß ·≈–¢ÕßºŸâ¡’ à«π‰¥â‡ ’¬ΩÉ“¬μà“ßÊ Õ¬à“ß‡ªìπ∏√√¡ §≥–°√√¡°“√μ√«® Õ∫‡ÀÁπ«à“√–∫∫°“√§«∫§ÿ¡¿“¬„π ¢Õß∫√‘…∑— ‚¥¬√«¡ ¡’§«“¡√—¥°ÿ¡·≈–ª√– ‘∑∏‘º≈ πÕ°®“°π—πÈ ¿“æ·«¥≈âÕ¡¿“¬„π∫√‘…∑— ·≈– ºŸ∫â √‘À“√√–¥—∫ Ÿß ‡À¡“– ¡ ·≈–‡Õ◊ÕÈ „Àâ√–∫∫°“√μ‘¥μ“¡ª√–‡¡‘πº≈¢Õß∫√‘…∑— ¥”‡π‘π‰ª‰¥â ‡ªìπÕ¬à“ß¥’ “¡“√∂¡’æ—≤π“°“√Õ¬à“ßμàÕ‡π◊ËÕß ∑—Èß√–∫∫ß“π μ√«® Õ∫¿“¬„π°Á¡§’ «“¡‡ªìπÕ‘ √–·≈–¡’ª√– ‘∑∏‘¿“æ¡“°¬‘ßË ¢÷Èπ°«à“ªï°àÕπ

2. Review of internal controls system and internal auditing The internal auditor had been assigned by the Audit Committee to regularly assess the adequacy and effectiveness of the Companyûs internal control systems applied in work processes beyond the account and financial areas, including operational management controls. During 2006, the assessment covered management of stores including, for example, inventory control, cash collection from sales and space rental, and employee payroll as well as the verification of performance in accordance with governmental rules and regulations related to store operating licenses and so on. Copies of quarterly internal audit reports were submitted to the Audit Committee for discussion. The Audit Committee provided regular advice that offered enhanced value, efficiency and effectiveness to the Companyûs internal audit department. This ensured the rigorousness and appropriateness of the Companyûs internal operational controls in various areas. Close monitoring of operating results as well as early identification of potential problems or weaknesses and their prompt resolution was also ensured in order to maintain and enhance good corporate governance with the objective of providing fair treatment and maximum possible benefit to the Company as well as of all of its stakeholders. The Audit Committee considered that the Companyûs internal operational controls were stringent and effective. The Companyûs internal environment and senior management were also appropriate and beneficial to good performance and continued development of the Companyûs assessment and monitoring systems. The Companyûs internal audit department was independent and more efficient than it was last year.

4. ¿“√°‘®¥â“π°“√ Õ∫∑“π√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π À√◊Õ√“¬°“√∑’ËÕ“®¡’§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå §≥–°√√¡°“√μ√«® Õ∫‰¥â¡Õ∫À¡“¬‡ªìπæ‘‡»…„Àâº Ÿâ Õ∫ ∫— ≠ ™’ ¿ “¬πÕ°‡πâ π °“√ Õ∫∑“π√“¬°“√∑’Ë ‡ °’Ë ¬ «‚¬ß°— π √–À«à“ß∫√‘…—∑°—∫°‘®°“√∑’Ë¡’§«“¡‡°’Ë¬«¢âÕß°—π ·≈–„ÀâºŸâ Õ∫ ∫—≠™’√“¬ß“π∑ÿ°‰μ√¡“ „Àâ§≥–°√√¡°“√μ√«® Õ∫∑√“∫ ∂÷ß√“¬°“√∑’Ë‡¢â“≈—°…≥–¥—ß°≈à“«√«¡∂÷ß„Àâ√“¬ß“π°√≥’∑’ËºŸâ Õ∫∫—≠™’‡ÀÁπ«à“Õ“®‡°‘¥§«“¡¢—¥·¬âß∑“ßº≈ª√–‚¬™πå ¥â«¬ ‡æ◊ËÕ„™â§«“¡‡ÀÁπ¢ÕßºŸâ Õ∫∫—≠™’Õ‘ √–ª√–°Õ∫°“√æ‘®“√≥“ ¢Õß§≥–°√√¡°“√μ√«® Õ∫ «à“ √“¬°“√√–À«à“ß°‘®°“√∑’Ë¡’ §«“¡‡°’Ë¬«¢âÕß°—π ¥”‡π‘π‰ª„π≈—°…≥–ª°μ‘∑“ß°“√§â“ ‡æ’¬ß„¥ À√◊Õ‰¡à °“√§‘¥√“§“√–À«à“ß°—π‡ªìπ‰ªμ“¡√“§“ μ≈“¥Õ¬à“ß‡ªìπ∏√√¡ ·≈–∫√‘…—∑œ ‰¥â¥”‡π‘π°“√μ“¡‡ß◊ËÕπ‰¢ ∑“ß∏ÿ√°‘®ª°μ‘·≈–μ“¡À≈—°‡°≥±å∑’Ëμ≈“¥À≈—°∑√—æ¬å·Ààß ª√–‡∑»‰∑¬°”Àπ¥‰«âÕ¬à“ß∂Ÿ°μâÕß‡æ’¬ß„¥ §≥–°√√¡°“√μ√«® Õ∫ ‡ÀÁπ«à“ √“¬°“√§â“°—∫°‘®°“√∑’Ë ¡’ § «“¡‡°’Ë ¬ «¢â Õ ß°— π ¥”‡π‘ π ‰ªÕ¬à “ ß‡ªì π ∏√√¡ ‡ªì π ª√–‚¬™πåμàÕ∫√‘…—∑ √“§“·≈–‡ß◊ËÕπ‰¢∑“ß°“√§â“√–À«à“ß °‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡ªìπ‰ªμ“¡∏ÿ√°‘®ª°μ‘ ·≈– ∫√‘…—∑‰¥â

3. Review of the Companyûs conformity with the law and good corporate governance rules and regulations The Audit Committee has provided ongoing monitoring of performance to ensure conformity with the securities laws, rules and regulations of the Stock Exchange of Thailand and any law relating to the Companyûs operations. The Companyûs management, legal council and auditors were assigned to provide regular reports, explanations and answers to questions on relevant legal matters. The Audit Committee realized the benefits of good corporate governance practices and therefore presented good corporate governance guidelines for listed companies to the Companyûs management and Board of Directors and stimulated more awareness of this matter among the Companyûs management and Board of Directors. As a result, the Companyûs Board of Directors has resolved to establish a çGovernance Committeeé that will be responsible for overseeing this area. The Governance Committee has already commenced its assignment. The Audit Committee believed that the Company has made every effort to comply with the terms and conditions of all related laws and provided more focus on conformity with good corporate governance procedures to ensure the enhanced effectiveness of the corporate governance system.

4. Review of any related transaction or any transaction that may involve a conflict of interest The Audit Committee has assigned an external auditor to focus on making observations and suggestions regarding the Companyûs related transactions and quarterly reports on any related transaction or any transaction that may create a possible conflict of interest. By using the external auditorûs comments, the Audit Committee determined whether such related transactions were regular business operations; whether the related pricing arrangements were fair and in line with market prices; and whether the transactions were conducted at armûs-length and in full compliance with the regulations set forth by the Stock Exchange of Thailand. The Audit Committee acknowledged business undertaken through related transactions was conducted in a fair manner benefiting the Company. Prices and trading conditions of all related transactions were in conformity to regular business practices. The Company has disclosed enough information about this matter in its

3. ¿“√°‘®¥â“π Õ∫∑“π°“√ªØ‘∫—μ‘ß“π„Àâ Õ¥§≈âÕß °—∫°ÆÀ¡“¬ ·≈–À≈—°°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ §≥–°√√¡°“√μ√«® Õ∫‰¥â„Àâ§«“¡ ”§—≠°—∫°“√μ‘¥μ“¡ „Àâ∫√‘…—∑ªØ‘∫—μ‘‡ªìπ‰ªμ“¡¢âÕ°”Àπ¥¢Õß°ÆÀ¡“¬«à“¥â«¬ À≈—°∑√—æ¬å μ≈“¥À≈—°∑√—æ¬å ·≈–°ÆÀ¡“¬Õ◊Ëπ∑’Ë‡°’Ë¬«¢âÕß°—∫ °“√¥”‡π‘π∏ÿ√°‘®¢Õß∫√‘…—∑ ‚¥¬‰¥â„ÀâºŸâ∫√‘À“√ π—°°ÆÀ¡“¬ ¢Õß∫√‘…—∑ ·≈– ºŸâ Õ∫∫—≠™’ √“¬ß“π Õ∏‘∫“¬™’È·®ß ·≈–μÕ∫ §”∂“¡„πª√–‡¥Áπ‡°’¬Ë «°—∫¢âÕ°ÆÀ¡“¬¢â“ßμâπÕ¬à“ß ¡Ë”‡ ¡Õ πÕ°®“°π’§È ≥–°√√¡°“√μ√«® Õ∫‡≈Áß‡ÀÁπª√–‚¬™πå¢Õß °“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ®÷ß‰¥âπ”‡ πÕæ—≤π“°“√‡°’Ë¬«°—∫ À≈—°°“√°”°—∫¥Ÿ·≈°‘®°“√∑’Ë¥’ ”À√—∫∫√‘…—∑®¥∑–‡∫’¬π„π μ≈“¥À≈—°∑√—æ¬åœ „ÀâºŸâ∫√‘À“√ ·≈–§≥–°√√¡°“√∫√‘…—∑ ‰¥â √—∫∑√“∫ ·≈–°√–μÿπâ „Àâº∫Ÿâ √‘À“√ ·≈–§≥–°√√¡°“√¡’§«“¡μ◊πË μ—«„π‡√◊ËÕßπ’È Õ—ππ”¡“´÷Ëß°“√∑’Ë§≥–°√√¡°“√∫√‘…—∑ ‰¥â¡’¡μ‘ ‡ÀÁπ™Õ∫„Àâ¡’ ç§≥–°√√¡°“√°”°—∫¥Ÿ·≈°‘®°“√é√—∫º‘¥™Õ∫ ß“π¥â“ππ’È‡ªìπ°“√‡©æ“– ‚¥¬§≥–°√√¡°“√°”°—∫¥Ÿ·≈ °‘®°“√‰¥â‡√‘Ë¡¥”‡π‘π°“√μ“¡¿“√–Àπâ“∑’Ë·≈â« §≥–°√√¡°“√μ√«® Õ∫ ‡ÀÁπ«à“ ∫√‘…∑— ‰¥âæ¬“¬“¡Õ¬à“ß¥’ ∑’Ë ÿ¥„π°“√ªØ‘∫—μ‘μ“¡‡ß◊ËÕπ‰¢ ·≈–¢âÕ°”Àπ¥μà“ßÊ ¢Õß °ÆÀ¡“¬∑’Ë‡°’Ë¬«¢âÕß ∑—Èß‰¥â„Àâ§«“¡ ”§—≠°—∫°√–∫«π°“√ °”°—∫¥Ÿ·≈°‘®°“√∑’¥Ë ´’ ß÷Ë ®–¡’º≈„Àâ√–∫∫°“√°”°—∫¥Ÿ·≈°‘®°“√ ¡’§«“¡‡À¡“– ¡¡“°¬‘Ëß¢÷ÈπμàÕ‰ª

‡ªî¥‡º¬¢âÕ¡Ÿ≈‡°’Ë¬«°—∫‡√◊ËÕßπ’È„πß∫°“√‡ß‘πÕ¬à“ß‡æ’¬ßæÕ

financial statements.

5. ¿“√°‘®¥â“π°“√§—¥‡≈◊Õ°·≈–·μàßμ—ÈßºŸâ Õ∫∫—≠™’ §≥–°√√¡°“√μ√«® Õ∫æ‘®“√≥“ª√–‡¡‘πº≈°“√ªØ‘∫—μ‘ ß“π¢ÕßºŸâ Õ∫∫—≠™’ ‡æ◊ËÕ„Àâ¡—Ëπ„®«à“°“√ªØ‘∫—μ‘Àπâ“∑’Ë¢ÕßºŸâ Õ∫∫— ≠ ™’ ‡ ªì π ∑’Ë πà “ æÕ„®·≈– “¡“√∂„Àâ § «“¡‡ÀÁ π ∑’Ë ‡ ªì π ª√–‚¬™πåμàÕºŸâ¡’ à«π‰¥â‡ ’¬∑ÿ°ΩÉ“¬ §≥–°√√¡°“√μ√«® Õ∫ ‡ÀÁ π §«√‡ πÕ‡æ◊Ë Õ „Àâ § ≥– °√√¡°“√∫√‘…∑— œ π”‡¢â“¢Õ√—∫°“√Õπÿ¡μ— ®‘ “°∑’ªË √–™ÿ¡ “¡—≠ºŸâ ∂◊ÕÀÿπâ „Àâ ·μàßμ—ßÈ π“ß “¬Ωπ Õ‘π∑√å·°â« À√◊Õ π“ß “«√—μπ“ ®“≈– À√◊Õ π“ß “«∑‘æ«—≈¬å π“π“πÿ«≤ — πå ·Ààß ∫√‘…∑— ”π—°ß“π ‡Õ‘π å∑ ·Õπ¥å ¬—ß ®”°—¥ ‡ªìπºŸâ Õ∫∫—≠™’¢Õß∫√‘…—∑œ ª√–®” ªï 2550 ‚¥¬‡ πÕ„Àâ°”Àπ¥§à“∏√√¡‡π’¬¡μÕ∫·∑π‡ªìπ ®”π«π‡ß‘π 4,200,000 ∫“∑

5. Selection of external auditor The Audit Committee has assessed the performance of the Companyûs auditors and considered it satisfactory and beneficial to all stakeholders. Consequently, the Audit Committee has recommended to the Board of Directors to seek approval for the appointment of Mrs. Saifon Intrakaew or Mrs. Rattana Chala or Ms. Tippawan Nananuwat of Ernst & Young Office Limited as the Companyûs auditors for the year 2007 and proposed fixing professional fees at Baht 4,200,000 for the audit of the Company.

86 (π“¬ππ∑æ≈ π‘Ë¡ ¡∫ÿ≠) ª√–∏“π°√√¡°“√μ√«® Õ∫ (Mr. Nontaphon Nimsomboon) Committee Chairman °√ÿß‡∑æ¡À“π§√ «—π∑’Ë 6 ¡’π“§¡ 2550

(¥√. √Õßæ≈ ‡®√‘≠æ—π∏ÿå) °√√¡°“√μ√«® Õ∫ (Dr. Rongpol Charoenphandhu) Committee Member Bangkok March 6, 2007

(æ≈‡Õ° «‘π—¬ ¿—∑∑‘¬°ÿ≈) °√√¡°“√μ√«® Õ∫ (Gen. Winai Phatthiyakul) Committee Member

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡μÕ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ √“¬ß“π ·≈–ß∫°“√‡ß‘π√«¡ 31 ∏—π«“§¡ 2549 BIG C SUPERCENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES REPORT AND CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2006 √“¬ß“π¢ÕßºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ‡ πÕμàÕºŸâ∂◊ÕÀÿâπ·≈–§≥–°√√¡°“√¢Õß ∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡μÕ√å ®”°—¥ (¡À“™π)

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Report of Independent Auditor To The Board of Directors and Shareholders of Big C Supercenter Public Company Limited I have audited the accompanying consolidated balance sheet of Big C Supercenter Public Company Limited and its subsidiaries as at 31 December 2006, the related consolidated statements of income, changes in shareholdersû equity and cash flows for the year then ended, and the separate financial statement of Big C Supercenter Public Company Limited for the same period. These financial statements are the responsibility of the Companyûs management as to their correctness and completeness of the presentation. My responsibility is to express an opinion on these financial statements based on my audit. The consolidated financial statements of Big C Supercenter Public Company Limited and its subsidiaries and the separate financial statements of Big C Supercenter Public Company Limited for the year ended 31 December 2005, as presented herein for comparative purpose, were audited in accordance with generally accepted auditing standards by another auditor of our firm, who expressed an unqualified opinion on those financial statements under his report dated 21 February 2006. I conducted my audit in accordance with generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable basis for my opinion.

¢â“æ‡®â“‡ÀÁπ«à“ß∫°“√‡ß‘π¢â“ßμâππ’È· ¥ß∞“π–°“√‡ß‘π ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 º≈°“√¥”‡π‘πß“π ·≈–°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π‡¥’¬«°—π¢Õß∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å ‡´Áπ‡μÕ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ·≈–‡©æ“–¢Õß ∫√‘…∑— ∫‘°Í ´’ ´Ÿ‡ªÕ√å‡´Áπ‡μÕ√å ®”°—¥ (¡À“™π) ‚¥¬∂Ÿ°μâÕßμ“¡ ∑’Ë§«√„π “√– ”§—≠μ“¡À≈—°°“√∫—≠™’∑’Ë√—∫√Õß∑—Ë«‰ª

In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Big C Supercenter Public Company Limited and its subsidiary companies and of Big C Supercenter Public Company Limited as at 31 December 2006, and the results of their operations and cash flows for the year then ended, in accordance with generally accepted accounting principles.

“¬Ωπ Õ‘π∑√å·°â« ºŸâ Õ∫∫—≠™’√—∫Õπÿ≠“μ ‡≈¢∑–‡∫’¬π 4434

Saifon Inkaew Certified Public Accountant (Thailand) No. 4434

Ernst & Young Office Limited Bangkok : 21 February 2007

∫√‘…—∑ ”π—°ß“π ‡Õ‘π å∑ ·Õπ¥å ¬—ß ®”°—¥ °√ÿß‡∑æœ : 21 °ÿ¡¿“æ—π∏å 2550

88 ∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡μÕ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫¥ÿ≈ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548

2549

ß∫°“√‡ß‘π√«¡ 2548

1,283,241,992 117,031,547 50,723,902 4,822,555,883

2,587,694,200 59,047,704 47,783,971 4,587,554,472

1,158,775,550 111,972,509 440,931,108 4,629,138,876

2,502,601,072 54,737,228 562,007,301 4,291,258,358

543,635,898 112,850,402 656,486,300 6,930,039,624

405,370,654 83,799,469 489,170,123 7,771,250,470

515,858,994 96,440,513 612,299,507 6,953,117,550

373,105,326 70,282,992 443,388,318 7,853,992,277

7 10 11 12

21,915,109,190 386,166,108

20,137,146,941 411,710,864

258,366,466 4,887,146,576 18,042,633,387 -

386,067,542 4,410,125,391 16,002,050,696 -

343,094,488 381,768,669 724,863,157 23,026,138,455 29,956,178,079

338,643,226 43,907,782 194,059,801 576,610,809 21,125,468,614 28,896,719,084

340,025,085 377,497,324 717,522,409 23,905,668,838 30,858,786,388

333,375,992 188,320,873 521,696,865 21,319,940,494 29,173,932,771

À¡“¬‡Àμÿ ‘π∑√—æ¬å ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ ≈Ÿ°Àπ’È°“√§â“°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‘π§â“§ß‡À≈◊Õ - ÿ∑∏‘ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ ≈Ÿ°Àπ’È§à“‡™à“æ◊Èπ∑’Ë·≈–∫√‘°“√ - ÿ∑∏‘ Õ◊Ëπ Ê √«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬π ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π ‡ß‘π„Àâ°¬Ÿâ ¡◊ ·°à∫√‘…∑— ¬àÕ¬ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬ ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ - ÿ∑∏‘ ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å - ÿ∑∏‘ ‘π∑√—æ¬å‰¡à¡’μ—«μπ - §à“§«“¡π‘¬¡ - ÿ∑∏‘ ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ ¿“…’¡Ÿ≈§à“‡æ‘Ë¡√Õ‡√’¬°§◊π ≈Ÿ°Àπ’ÕÈ π◊Ë Õ◊Ëπ Ê √«¡ ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡ ‘π∑√—æ¬å‰¡àÀ¡ÿπ‡«’¬π √«¡ ‘π∑√—æ¬å

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2549 2548

6 7 8

À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

BIG C SUPERCENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES BALANCE SHEETS AS AT 31 DECEMBER 2006 AND 2005

ASSETS CURRENT ASSETS Cash and cash equivalents Trade accounts receivable-net Amounts due from related parties Inventories-net

(Unit: Baht) THE COMPANY ONLY 2006 2005

2006

CONSOLIDATED 2005

6 7 8

1,283,241,992 117,031,547 50,723,902 4,822,555,883

2,587,694,200 59,047,704 47,783,971 4,587,554,472

1,158,775,550 111,972,509 440,931,108 4,629,138,876

2,502,601,072 54,737,228 562,007,301 4,291,258,358

543,635,898 112,850,402 656,486,300 6,930,039,624

405,370,654 ç83,799,469 489,170,123 7,771,250,470

515,858,994 96,440,513 612,299,507 6,953,117,550

373,105,326 70,282,992 443,388,318 7,853,992,277

258,366,466

386,067,542

21,915,109,190 386,166,108

20,137,146,941 411,710,864

4,887,146,576 18,042,633,387 -

4,410,125,391 16,002,050,696 -

343,094,488 381,768,669 724,863,157 23,026,138,455 29,956,178,079

338,643,226 43,907,782 194,059,801 ç576,610,809 21,125,468,614 28,896,719,084

340,025,085 377,497,324 717,522,409 23,905,668,838 30,858,786,388

333,375,992 188,320,873 521,696,865 21,319,940,494 29,173,932,771

Other current assets Rental and other service receivable - net 9 Others Total other current assets TOTAL CURRENT ASSETS NON-CURRENT ASSETS Loans to subsidiary companies 7 Investments in subsidiaries accounted for under equity method 10 Other long-term investments 11 çProperty, plant and equipment - neté 12 Intangible assets - net goodwill Other non-current assets VAT refundable Other receivable Others Total other non-current assets TOTAL NON-CURRENT ASSETS TOTAL ASSETS

The accompanying notes are an integral part of the financial statements.

Note

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡μÕ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫¥ÿ≈ (μàÕ) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548

À¡“¬‡Àμÿ Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ Àπ’È ‘πÀ¡ÿπ‡«’¬π ‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π 13 ‡®â“Àπ’È°“√§â“ ‡®â“Àπ’È°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 7 ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π - à«π∑’Ë∂÷ß°”Àπ¥ ¿“¬„πÀπ÷ßË ªï 7, 14 ‡ß‘π°Ÿâ¬◊¡®“°∫√‘…—∑¬àÕ¬ 7 Àπ’ È π‘ À¡ÿπ‡«’¬πÕ◊πË ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈§â“ß®à“¬ ‡®â“Àπ’ÕÈ π◊Ë §à“„™â®à“¬§â“ß®à“¬ Õ◊ËπÊ

√«¡Àπ’È ‘πÀ¡ÿπ‡«’¬πÕ◊Ëπ √«¡Àπ’È ‘πÀ¡ÿπ‡«’¬π Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬π √“¬‰¥â ‘∑∏‘°“√‡™à“√Õμ—¥∫—≠™’ - ÿ∑∏‘ ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π - ÿ∑∏‘ ®“° à«π∑’Ë∂÷ß°”Àπ¥¿“¬„πÀπ÷Ëßªï Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ ‡ß‘πª√–°—π°“√°àÕ √â“ß ‡ß‘π¡—¥®”°“√‡™à“æ◊Èπ∑’Ë·≈–Õ◊ËπÊ √«¡Àπ’È ‘π‰¡àÀ¡ÿπ‡«’¬πÕ◊Ëπ º≈¢“¥∑ÿπ∑’Ë‡°‘π°«à“‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬ √«¡Àπ’ È π‘ ‰¡àÀ¡ÿπ‡«’¬π √«¡Àπ’È ‘π

7, 14

À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2549 22548

2549

ß∫°“√‡ß‘π√«¡ 2548

10,461,383,552 113,683,153

750,000,000 9,857,068,004 129,085,668

10,042,411,702 223,979,468

750,000,000 9,268,092,383 173,405,473

745,500,000 -

745,500,000 1,588,687,904

1,367,827,394

388,536,970 1,004,395,958 966,680,297 887,200,385

324,158,271 822,618,180 942,348,021 767,751,740

296,802,011 980,930,567 918,067,850 796,646,007

221,447,973 778,842,298 884,193,609 667,508,686

3,246,813,610 14,567,380,315

2,856,876,212 13,593,029,884

2,992,446,435 15,593,025,509

2,551,992,566 14,111,317,816

93,446,020

114,478,414

34,515,462

36,617,341

745,500,000

82,183,008 710,462,295 792,645,303

53,429,557 662,133,010 715,562,567

81,423,007 604,719,621 686,142,628

50,771,417 511,902,563 562,673,980

886,091,323 15,453,471,638

1,575,540,981 15,168,570,865

6,995,890 727,653,980 16,320,679,489

1,344,791,321 15,456,109,137

BIG C SUPERCENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES BALANCE SHEETS (Continued) AS AT 31 DECEMBER 2006 AND 2005

2006

10,461,383,552 113,683,153

750,000,000 9,857,068,004 129,085,668

10,042,411,702 223,979,468

750,000,000 9,268,092,383 173,405,473

745,500,000 -

745,500,000 1,588,687,904

1,367,827,394

388,536,970 1,004,395,958 966,680,297 887,200,385 3,246,813,610 14,567,380,315

324,158,271 822,618,180 942,348,021 767,751,740 2,856,876,212 13,593,029,884

296,802,011 980,930,567 918,067,850 796,646,007 2,992,446,435 15,593,025,509

221,447,973 778,842,298 884,193,609 667,508,686 2,551,992,566 14,111,317,816

93,446,020

114,478,414

34,515,462

36,617,341

745,500,000

82,183,008 710,462,295 792,645,303

53,429,557 662,133,010 715,562,567

81,423,007 604,719,621 686,142,628

50,771,417 511,902,563 562,673,980

886,091,323 15,453,471,638

1,575,540,981 15,168,570,865

6,995,890 727,653,980 16,320,679,489

1,344,791,321 15,456,109,137

The accompanying notes are an integral part of the financial statements.

Note LIABILITIES AND SHAREHOLDERS没 EQUITY CURRENT LIABILITIES Short-term loan from financial institutions 13 Trade accounts payable Amounts due to related parties 7 Long-term loan from related company current portion 7, 14 Loans from subsidiary companies 7 Other current liabilities Corporate income tax payable Other payables Accrued expenses Othe Total other current liabilities TOTAL CURRENT LIABILITIES NON-CURRENT LIABILITIES Unearned leasehold rights - net Long-term loan from related company - net of current portion 7, 14 Other non-current liabilities Retention payables Deposits for rental Total other non-current liabilities Excess for loss over cost of investment in a subsidiary companies accounted for equity metbod 10 TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES

(Unit: Baht) THE COMPANY ONLY 2006 2005

CONSOLIDATED 2005

À¡“¬‡Àμÿ

Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ (μàÕ) à«π¢ÕßºŸâ∂◊ÕÀÿâπ ∑ÿπ‡√◊ÕπÀÿâπ ∑ÿπ®¥∑–‡∫’¬π Àÿâπ “¡—≠ 825,000,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑ ∑ÿπÕÕ°®”Àπà“¬·≈–™”√–‡μÁ¡¡Ÿ≈§à“·≈â« Àÿâπ “¡—≠ 801,386,574 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑ à«π‡°‘π¡Ÿ≈§à“Àÿâπ ¢“¥∑ÿπ ÿ∑∏‘∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ¢Õß‡ß‘π≈ß∑ÿπ√–¬–¬“« à«π‡°‘π¢Õß‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬´÷Ëß‡°‘¥®“°°“√´◊ÈÕ‡ß‘π≈ß∑ÿπ „π∫√‘…—∑¬àÕ¬‡æ‘Ë¡‡μ‘¡„π√“§“∑’Ë Ÿß°«à“¡Ÿ≈§à“μ“¡∫—≠™’ ¢Õß∫√‘…—∑¬àÕ¬ ≥ «—π´◊ÈÕ °”‰√ – ¡ ®—¥ √√·≈â« - ”√Õßμ“¡°ÆÀ¡“¬ 17 ¬—ß‰¡à‰¥â®—¥ √√ à«π¢ÕßºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑œ à«π¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬¢Õß∫√‘…—∑¬àÕ¬ √«¡ à«π¢ÕßºŸâ∂◊ÕÀÿâπ √«¡Àπ’È ‘π·≈– à«π¢ÕßºŸâ∂◊ÕÀÿâπ À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

°√√¡°“√

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2549 2548

ß∫°“√‡ß‘π√«¡ 2549

2548

8,250,000,000

8,013,865,740 2,245,689,584 (489,750)

(65,753,698)

(12,017,372)

(65,753,698)

(12,017,372)

400,550,000 3,904,266,430 4,304,816,430 14,498,128,306 4,578,135 14,502,706,441 29,956,178,079

294,300,000 3,136,496,839 3,430,796,839 13,677,845,041 50,303,178 13,728,148,219 28,896,719,084

400,550,000 3,944,245,023 4,344,795,023 14,538,106,899 14,538,106,899 30,858,786,388

294,300,000 3,176,475,432 3,470,775,432 13,717,823,634 13,717,823,634 29,173,932,771

BIG C SUPERCENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES BALANCE SHEETS (Continued) AS AT 31 DECEMBER 2006 AND 2005

The accompanying notes are an integral part of the financial statements.

DIRECTORS

CONSOLIDATED 2005

8,250,000,000

8,013,865,740 2,245,689,584 (489,750)

(12,017,372)

(65,753,698)

(12,017,372)

294,300,000 3,136,496,839 3,430,796,839 13,677,845,041

400,550,000 3,944,245,023 4,344,795,023 14,538,106,899

294,300,000 3,176,475,432 3,470,775,432 13,717,823,634

50,303,178 13,728,148,219

14,538,106,899

13,717,823,634

28,896,719,084

30,858,786,388

29,173,932,771

Note 2006 LIABILITIES AND SHAREHOLDERSรป EQUITY (Continued) SHAREHOLDERSรป EQUITY Share capital Registered 825,000,000 ordinary shares of Baht 10 each 8,250,000,000 Issued and fully paid up 801,386,574 ordinary shares of Baht 10 each 8,013,865,740 Share premium 2,245,689,584 Unrealized loss on decline in value of investments (489,750) Excess of investment in subsidiary company arising as a result of additional purchase of investment in the subsidiary company at a price higher than the net book value of the subsidiary company at the acquisition date (65,753,698) Retained earnings Appropriated - statutory reserve 17 400,550,000 Unappropriated 3,904,266,430 4,304,816,430 Equity attributable to Companyรปs shareholders 14,498,128,306 Minority interest - Equity attributable to minority shareholders of subsidiaries 4,578,135 TOTAL SHAREHOLDERSรป EQUITY 14,502,706,441 TOTAL LIABILITIES AND SHAREHOLDERSรป EQUITY 29,956,178,079

(Unit: Baht) THE COMPANY ONLY 2006 2005

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡μÕ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫°”‰√¢“¥∑ÿπ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548 (Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ

ß∫°“√‡ß‘π√«¡

À¡“¬‡Àμÿ √“¬‰¥â √“¬‰¥â®“°°“√¢“¬ ‘π§â“ à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπ μ“¡«‘∏’ à«π‰¥â‡ ’¬ √“¬‰¥â§“à ‡™à“·≈–∫√‘°“√ √“¬‰¥âÕ◊Ëπ 18 √«¡√“¬‰¥â §à“„™â®“à ¬ μâπ∑ÿπ¢“¬ §à“„™â®à“¬„π°“√¢“¬·≈–∫√‘À“√ √«¡§à“„™â®à“¬ °”‰√°àÕπ¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥â ¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ °”‰√À≈—ß¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈ °”‰√ ÿ∑∏‘ à«π∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬¢Õß∫√‘…—∑¬àÕ¬ °”‰√ ÿ∑∏‘ ”À√—∫ªï °”‰√μàÕÀÿâπ 21 °”‰√μàÕÀÿâπ¢—Èπæ◊Èπ∞“π °”‰√ ÿ∑∏‘ ®”π«πÀÿâπ “¡—≠∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—° (Àÿâπ) À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

2549

2548

2549

2548

58,032,848,606

53,194,476,117

55,919,631,749

50,241,700,882

2,427,281,454 5,240,006,144 65,700,136,204

2,086,893,320 4,296,724,741 59,578,094,178

400,767,620 2,255,382,259 5,005,829,987 63,581,611,615

432,818,807 1,856,795,341 4,024,548,528 56,555,863,558

52,606,084,714 9,884,349,449 62,490,434,163 3,209,702,041 (79,356,757) (991,998,895) 2,138,346,389 (14,721,599) 2,123,624,790

48,100,341,229 8,670,370,007 56,770,711,236 2,807,382,942 (69,260,081) (846,562,952) 1,891,559,909 (8,785,844) 1,882,774,065

50,855,196,182 9,657,613,882 60,512,810,064 3,068,801,551 (145,317,280) (799,859,481) 2,123,624,790 2,123,624,790

45,675,147,195 8,243,320,768 53,918,467,963 2,637,395,595 (104,546,210) (650,075,320) 1,882,774,065 1,882,774,065

2.65 801,386,574

2.35 801,171,388

2.65 801,386,574

2.35 801,171,388

BIG C SUPERCENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY COMPANIES INCOME STATEMENTS FOR THE YEARS ENDED 31 DECEMBER 2006 AND 2005

Note

EARNINGS PER SHARE Basic earnings per share Net income Weighted average number of ordinary shares (shares)

2006

58,032,848,606

53,194,476,117

55,919,631,749

50,241,700,882

2,427,281,454 5,240,006,144 65,700,136,204

2,086,893,320 4,296,724,741 59,578,094,178

400,767,620 2,255,382,259 5,005,829,987 63,581,611,615

432,818,807 1,856,795,341 4,024,548,528 56,555,863,558

52,606,084,714 9,884,349,449 62,490,434,163

48,100,341,229 8,670,370,007 56,770,711,236

50,855,196,182 9,657,613,882 60,512,810,064

45,675,147,195 8,243,320,768 53,918,467,963

3,209,702,041 (79,356,757) (991,998,895) 2,138,346,389

2,807,382,942 (69,260,081) (846,562,952) 1,891,559,909

3,068,801,551 (145,317,280) (799,859,481) 2,123,624,790

2,637,395,595 (104,546,210) (650,075,320) 1,882,774,065

(14,721,599) 2,123,624,790

(8,785,844) 1,882,774,065

2,123,624,790

1,882,774,065

2.65

2.35

2.65

2.35

801,386,574

801,171,388

801,386,574

801,171,388

The accompanying notes are an integral part of the financial statements.

REVENUES Sales Share of income from investments accounted for under equity method Rental and service income Other income 18 TOTAL REVENUES EXPENSES Cost of sales Selling and administrative expenses TOTAL EXPENSES INCOME BEFORE INTEREST EXPENSES AND CORPORATE INCOME TAX INTEREST EXPENSES CORPORATE INCOME TAX INCOME AFTER CORPORATE INCOME TAX NET INCOME ATTRIBUTABLE TO MINORITY INTEREST NET INCOME FOR THE YEAR

(Unit: Baht) THE COMPANY ONLY 2006 2005

CONSOLIDATED 2005

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡μÕ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫°√–· ‡ß‘π ¥ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548

°√–· ‡ß‘π ¥®“°°‘®°√√¡¥”‡π‘πß“π °”‰√ ÿ∑∏‘ √“¬°“√ª√—∫°√–∑∫°”‰√ ÿ∑∏‘‡ªìπ‡ß‘π ¥√—∫(®à“¬) ®“°°‘®°√√¡¥”‡π‘πß“π §à“‡ ◊ËÕ¡√“§“·≈–§à“μ—¥®”Àπà“¬ ‚Õπ°≈—∫Àπ’È ß —¬®– Ÿ≠·≈–§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ §à“‡º◊ËÕ ‘π§â“‡ ◊ËÕ¡ ¿“æ ≈â“ ¡—¬ Ÿ≠À“¬ §à“‡º◊ËÕ°“√¥âÕ¬§à“¢Õß∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å μ—¥®”Àπà“¬¿“…’À—° ≥ ∑’Ë®à“¬ ”√ÕßÀπ’È ‘π∑’ËÕ“®®–‡°‘¥¢÷Èπ §à“μ—¥®”Àπà“¬¬Õ¥§ß§â“ß‡ªìπ‡«≈“π“π §à“§«“¡π‘¬¡μ—¥®”Àπà“¬ ¢“¥∑ÿπ(°”‰√)®“°Õ—μ√“·≈°‡ª≈’Ë¬π∑’Ë¬—ß‰¡à‡°‘¥¢÷Èπ®√‘ß ¢“¥∑ÿπ(°”‰√)®“°°“√®”Àπà“¬∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å à«π·∫àß°”‰√®“°‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬μ“¡«‘∏’ à«π‰¥â‡ ’¬ °”‰√ ÿ∑∏‘ à«π∑’Ë‡ªìπ¢ÕßºŸâ∂◊ÕÀÿâπ à«ππâÕ¬¢Õß∫√‘…—∑¬àÕ¬ °”‰√®“°°“√¥”‡π‘πß“π°àÕπ°“√‡ª≈’Ë¬π·ª≈ß„π ‘π∑√—æ¬å·≈–Àπ’È ‘π¥”‡π‘πß“π ‘π∑√—æ¬å¥”‡π‘πß“π(‡æ‘Ë¡¢÷Èπ)≈¥≈ß ≈Ÿ°Àπ’È°“√§â“ ≈Ÿ°Àπ’È°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‘π§â“§ß‡À≈◊Õ ‘π∑√—æ¬åÀ¡ÿπ‡«’¬πÕ◊Ëπ ‘π∑√—æ¬åÕ◊Ëπ Àπ’È ‘π¥”‡π‘πß“π‡æ‘Ë¡¢÷Èπ(≈¥≈ß) ‡®â“Àπ’È°“√§â“ ‡®â“Àπ’È°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π Àπ’ È π‘ À¡ÿπ‡«’¬πÕ◊πË Àπ’ È π‘ Õ◊πË ‡ß‘π ¥ ÿ∑∏‘®“°°‘®°√√¡¥”‡π‘πß“π À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2549 2548

2549

ß∫°“√‡ß‘π√«¡ 2548

2,123,624,790

1,882,774,065

2,123,624,790

1,882,774,065

1,957,444,905 (31,755,876) 158,198,397 14,871,436 10,067 54,663,915 (9,868,337) 25,418,907 (4,943,800) 2,855,886 14,721,599

1,871,856,701 (46,362,052) 113,227,240 (16,428,905) 24,034,564 (5,910,050) (19,778,711) 8,785,844

1,715,160,570 (28,287,368) 158,336,823 14,871,436 54,663,915 (4,943,800) 2,904,827 (400,767,620) -

1,592,512,773 (43,697,332) 102,095,580 (12,931,793) (1,972,100) (19,752,119) (432,818,807) -

4,305,241,889

3,824,018,796

3,635,563,573

3,070,154,467

(57,983,842) (2,939,931) (393,199,808) (135,560,301) (177,840,941)

(8,704,540) (24,936,267) (362,845,893) 74,356,734 (184,707,828)

(57,235,282) 121,076,192 (496,217,339) (140,623,822) (223,693,756)

(9,050,819) 132,246,754 498,811,093 53,983,870 206,125,352

604,315,547 (15,402,515) 358,896,653 75,257,530 4,560,784,281

379,385,813 21,273,515 585,620,799 105,361,909 4,408,823,038

774,319,320 50,573,995 390,733,754 123,984,032 4,178,480,667

542,600,661 67,054,664 559,064,127 119,843,795 3,830,961,074

BIG C SUPERCENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY COMPANIES STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED 31 DECEMBER 2006 AND 2005

2006

The accompanying notes are an integral part of the financial statements.

1,882,774,065

2,123,624,790

1,882,774,065

1,871,856,701 (46,362,052)

1,715,160,570 (28,287,368)

1,592,512,773 (43,697,332)

113,227,240

158,336,823

102,095,580

(16,428,905) 24,034,564 (5,910,050) 19,778,711

14,871,436 54,663,915 (4,943,800) 2,904,827

(12,931,793) (1,972,100) 19,752,119

8,785,844

(400,767,620) -

(432,818,807) -

3,824,018,796

3,635,563,573

3,070,154,467

(8,704,540) (24,936,267) (362,845,893) 74,356,734 (184,707,828)

( 57,235,282) 121,076,192 (496,217,339) (140,623,822) (223,693,756)

(9,050,819) 132,246,754 498,811,093 53,983,870 206,125,352

379,385,813 21,273,515 585,620,799 105,361,909 4,408,823,038

774,319,320 50,573,995 390,733,754 123,984,032 4,178,480,667

542,600,661 67,054,664 559,064,127 119,843,795 3,830,961,074

Cash flows from operating activities Net income 2,123,624,790 Adjustments to reconcile net income to net cash provided by (paid from) operating activities Depreciation and amortization 1,957,444,905 Doubtful accounts (reversal) (31,755,876) çProvision for obsolete, damage, shrinkage inventoryé 158,198,397 Allowance for impairment in property plant and equipment 14,871,436 Written off withholding tax deducted at source 10,067 Provision for contingent liabilities 54,663,915 Reversal of long outstanding liabilities to income (9,868,337) Goodwill amortization 25,418,907 Unrealized (gain) loss on exchange (4,943,800) ç(Gain) loss on sales of property, plant and equipmenté 2,855,886 Share of income from investments accounted for under equity method Net income attributable to minority interest 14,721,599 Income from operating activities before changes in operating assets and liabilities 4,305,241,889 Operating assets (increase) decrease Trade accounts receivable (57,983,842) Amounts due from related parties (2,939,931) Inventories (393,199,808) Other current assets (135,560,301) Other non-current assets (177,840,941) Operating liabilities (increase) decrease Trade accounts payable 604,315,547 Amounts due to related partie 15,402,515 Other current liabilities 358,896,653 Other non-current liabilities 75,257,530 Net cash from operating activities 4,560,784,281

CONSOLIDATED 2005

(Unit: Baht) THE COMPANY ONLY 2006 2005

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡μÕ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ ß∫°√–· ‡ß‘π ¥ (μàÕ) ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548

2549 °√–· ‡ß‘π ¥®“°°‘®°√√¡≈ß∑ÿπ ‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑¬àÕ¬≈¥≈ß(‡æ‘Ë¡¢÷Èπ) ‡ß‘π ¥®à“¬®“°°“√´◊ÈÕ‡ß‘π≈ß∑ÿπ ®“°ºŸâ∂◊ÕÀÿâπ à«ππâÕ¬ (122,994,000) ‡ß‘π ¥√—∫®“°°“√¢“¬‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ‡ß‘π ¥®à“¬®“°°“√´◊ÈÕ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ‡ß‘π ¥√—∫®“°°“√®”Àπà“¬∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å 8,832,863 ´◊ÈÕ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å (3,751,470,153) ‡ß‘π ¥ ÿ∑∏‘„™â‰ª„π°‘®°√√¡≈ß∑ÿπ (3,865,631,290) °√–· ‡ß‘π ¥®“°°‘®°√√¡®—¥À“‡ß‘π ‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π°“√‡ß‘π‡æ‘Ë¡¢÷Èπ(≈¥≈ß) (750,000,000) ‡ß‘π°Ÿâ¬◊¡®“°∫√‘…—∑¬àÕ¬‡æ‘Ë¡¢÷Èπ ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π≈¥≈ß §à“Àÿâπ√—∫≈à«ßÀπâ“°àÕπ°“√®¥∑–‡∫’¬π≈¥≈ß ‡ß‘π ¥√—∫®“°°“√‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π®“°°“√„™â ‘∑∏‘ ‡ß‘πªíπº≈®à“¬ (1,249,605,199) ‡ß‘π ¥ ÿ∑∏‘„™â‰ª„π®“°°‘®°√√¡®—¥À“‡ß‘π (1,999,605,199) ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡æ‘Ë¡¢÷Èπ(≈¥≈ß) ÿ∑∏‘ (1,304,452,208) ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≥ «—πμâπªï 2,587,694,200 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≥ «—π ‘Èπªï 1,283,241,992 ¢âÕ¡Ÿ≈°√–· ‡ß‘π ¥‡ªî¥‡º¬‡æ‘Ë¡‡μ‘¡ ‡ß‘π ¥®à“¬„π√–À«à“ßªï ”À√—∫ :¥Õ°‡∫’È¬®à“¬ ¿“…’‡ß‘π‰¥âπ‘μ‘∫ÿ§§≈

92,403,279 927,620,196

À¡“¬‡Àμÿª√–°Õ∫ß∫°“√‡ß‘π‡ªìπ à«πÀπ÷Ëß¢Õßß∫°“√‡ß‘ππ’È

ß∫°“√‡ß‘π√«¡ 2548 -

(Àπà«¬ : ∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2549 2548 127,701,076

(320,569,504)

(17,417,303) (122,994,000) 874,287,476 (22,780,000) 31,383,012 8,597,159 31,356,358 (2,296,241,201) (3,756,865,735) (2,258,779,262) (2,282,275,492) (3,743,561,500) (1,696,484,932)

750,000,000 (750,000,000) 750,000,000 220,860,510 18,380,381 (1,182,000,000) - (1,182,000,000) (370,000) (370,000) 6,615,600 6,615,600 (903,480,126) (1,249,605,199) (903,480,126) (1,329,234,526) (1,778,744,689) (1,310,854,145) 797,313,020 (1,343,825,522) 1,790,381,180 2,502,601,072 2,587,694,200 1,158,775,550

66,959,413 822,735,222

152,986,514 724,505,443

823,621,997 1,678,979,075 2,502,601,072

103,284,360 622,512,063

BIG C SUPERCENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY COMPANIES STATEMENTS OF CASH FLOWS (Continued) FOR THE YEARS ENDED 31 DECEMBER 2006 AND 2005

2006

Supplemental disclosure of cash flows information Cash paid during the year for :Interest expenses Corporate income taxes

92,403,279 927,620,196

The accompanying notes are an integral part of the financial statements.

(Unit: Baht) THE COMPANY ONLY 2006 2005 127,701,076

(320,569,504)

(17,417,303) 31,383,012 (2,296,241,201) (2,282,275,492)

(122,994,000) 874,287,476 (22,780,000) 8,597,159 31,356,358 (3,756,865,735) (2,258,779,262) (3,743,561,500) (1,696,484,932)

750,000,000 (1,182,000,000) (370,000) 6,615,600 (903,480,126) (1,329,234,526)

(750,000,000) 750,000,000 220,860,510 18,380,381 - (1,182,000,000) (370,000) 6,615,600 (1,249,605,199) (903,480,126) (1,778,744,689) (1,310,854,145)

797,313,020 1,790,381,180 2,587,694,200

(1,343,825,522) 2,502,601,072 1,158,775,550

823,621,997 1,678,979,075 2,502,601,072

66,959,413 822,735,222

152,986,514 724,505,443

103,284,360 622,512,063

Cash flows from investing activities Decrease (increase) in loans to subsidiary companies Cash paid for purchase investment from minority interest (122,994,000) Proceeds from sales of investments in subsidiary companies Cash paid for purchase investment in subsidiary companies çProceeds from sales of property, plant and equipmenté 8,832,863 (3,751,470,153) çAcquisition of property, plant and equipmenté cash used in investing activities (3,865,631,290) Cash flows from financing activities Increase (decrease) in bank overdrafts and loans from financial institutions (750,000,000) Increase in loans from subsidiary companies Decrease in long-term loan from related company Decrease in share subscription received in advance before registration Cash received on increase in share capital of the Company Dividend paid (1,249,605,199) Net cash used in financing activities (1,999,605,199) Net increase (decrease) in cash and cash equivalents (1,304,452,208) Cash and cash equivalents at beginning of the year 2,587,694,200 Cash and cash equivalents at end of the year 1,283,241,992

CONSOLIDATED 2005

∫√‘…—∑ ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π√«¡ ”À√—∫ªï ‘Èπ ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548 BIG C SUPERCENTER PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED 31 DECEMBER 2006 AND 2005 1. ¢âÕ¡Ÿ≈∑—«Ë ‰ª

2. ‡°≥±å„π°“√®—¥∑”ß∫°“√‡ß‘π ß∫°“√‡ß‘ππ’È®—¥∑”¢÷Èπµ“¡¡“µ√∞“π∫—≠™’∑’Ë°”Àπ¥„π æ√–√“™∫—≠≠—µ‘«‘™“™’æ∫—≠™’ æ.».2547 ·≈–°“√· ¥ß √“¬°“√„πß∫°“√‡ß‘π‰¥â∑”¢÷Èπ‡æ◊ËÕ„Àâ‡ªìπ‰ªµ“¡¢âÕ°”Àπ¥ „πª√–°“»°√¡æ—≤π“∏ÿ√°‘®°“√§â“≈ß«—π∑’Ë 14 °—π¬“¬π 2544 ÕÕ°µ“¡§«“¡„πæ√–√“™∫—≠≠—µ°‘ “√∫—≠™’ æ.». 2543 ß∫°“√‡ß‘ππ’‰È ¥â®¥— ∑”¢÷πÈ ‚¥¬„™â‡°≥±å√“§“∑ÿπ‡¥‘¡‡«âπ·µà ®–‰¥â‡ªî¥‡º¬‡ªìπÕ¬à“ßÕ◊Ëπ„ππ‚¬∫“¬°“√∫—≠™’

The Company was incorporated as a limited company and subsequently transformed to be a public limited company under Thai laws and operates its business in Thailand. The ultimate parent company of the group is Casino Guichard Perrachon. Its principal activity is hypermarket business and registered address is 89/36, 7th Floor, Univest Building, Rajdamri Road, Lumpini, Pathumwan, Bangkok. As at 31 December 2006, the Company and its subsidiaries operates 55 stores, (the Company Only : 53 stores) (2005 : The Company and its subsidiaries 50 stores, the Company only 47 stores). 2. BASIS OF PREPARATION The financial statements have been prepared in accordance with accounting standards enunciated under the Accounting Profession Act B.E. 2547. The presentation of the financial statements has been made in compliance with the stipulations of the Notification of the Department of Business Development dated 14 September 2001, issued under the Accounting Act B.E. 2543. The financial statements have been prepared on a historical cost basis except where otherwise disclosed in the accounting policies.

3. ‡°≥±å„π°“√®—¥∑”ß∫°“√‡ß‘π√«¡ 3. BASIS OF CONSOLIDATION ß∫°“√‡ß‘π√«¡π’®È ¥— ∑”¢÷πÈ ‚¥¬√«¡ß∫°“√‡ß‘π¢Õß ∫√‘…∑— The consolidated financial statements include the ∫‘Í°´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…—∑¬àÕ¬ financial statements of Big C Supercenter Public ¥—ßµàÕ‰ªπ’È :Company Limited (the çCompanyé), and its subsidiary companies (the çSubsidiariesé) as follows :-

101

∫√‘…—∑œ®—¥µ—Èß¢÷Èπ‡ªìπ∫√‘…—∑®”°—¥·≈–µàÕ¡“·ª√ ¿“æ ‡ªìπ∫√‘…—∑¡À“™π®”°—¥µ“¡°ÆÀ¡“¬‰∑¬·≈–¡’ Casino Guichard Perrachon ‡ªì π ∫√‘ …— ∑ „À≠à ¢ Õß°≈ÿà ¡ ∫√‘ …— ∑ ∫√‘…—∑œª√–°Õ∫°‘®°“√„πª√–‡∑»‰∑¬‚¥¬¥”‡π‘π∏ÿ√°‘®À≈—° ¥â“π‰Œ‡ªÕ√å¡“√å‡°Áµ ·≈–¡’∑’ËÕ¬Ÿà∑’Ë®¥∑–‡∫’¬πµ—ÈßÕ¬Ÿà‡≈¢∑’Ë 89/36 Õ“§“√¬Ÿπ‘‡« ∑å ™—Èπ 7 ∂ππ√“™¥”√‘ ·¢«ß≈ÿ¡æ‘π’ ‡¢µª∑ÿ¡«—π °√ÿß‡∑æ¡À“π§√ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬¡’ “¢“∑’Ë ‡ ªî ¥ „Àâ ∫ √‘ ° “√®”π«π 55 “¢“ (‡©æ“–∫√‘ …— ∑ œ 53 “¢“) (2548 : ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬¡’ “¢“∑’Ë‡ªî¥„Àâ ∫√‘°“√ 50 “¢“ ·≈–‡©æ“–∫√‘…—∑œ 47 “¢“)

1. GENERAL INFORMATION

3.1 ∫√‘…—∑¬àÕ¬∑’Ë∫√‘…—∑œ ∂◊ÕÀÿâπ‚¥¬µ√ß ∑ÿπ®¥∑–‡∫’¬π 2549 2548 ≈â“π∫“∑ ≈â“π∫“∑ ∫√‘…—∑ ‡™’¬ß„À¡à ∫‘Í°´’ (2001) ®”°—¥ 300 300 ∫√‘…—∑ ‡´Áπ∑√—≈´Ÿ‡ªÕ√å ‚µ√å ®”°—¥ 1,300 1,300

—¥ à«π°“√∂◊ÕÀÿâπ ‚¥¬∫√‘…—∑œ 2549 2548 √âÕ¬≈– √âÕ¬≈– 100.00 100.00 100.00 100.00

∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥

100.00 100.00

∫√‘…—∑ ÿ√“…Æ√å ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ∫‘Í°´’ ¥‘ ∑√‘∫‘«™—Ëπ ®”°—¥ ∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ‡ø≈°´å‡æ¬å ®”°—¥

200 1 180 100

100.00 100.00 100.00 100.00 100.00 89.99 51.00 51.00

≈—°…≥–∏ÿ√°‘®

À¬ÿ¥¥”‡π‘π∏ÿ√°‘® „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å·≈– ≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å·≈– ≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å À¬ÿ¥¥”‡π‘π°‘®°“√ „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å À¬ÿ¥¥”‡π‘π°‘®°“√

3.2 ∫√‘…—∑¬àÕ¬∑“ßÕâÕ¡∑’Ë∂◊ÕÀÿâπ‚¥¬ºà“π∫√‘…—∑¬àÕ¬

102 ∑ÿπ®¥∑–‡∫’¬π 2549 2548 ≈â“π∫“∑ ≈â“π∫“∑ 3.2.1 ∫√‘…—∑¬àÕ¬∑’Ë∂◊ÕÀÿâπ‚¥¬ ∫√‘…—∑‡´Áπ∑√—≈ ´Ÿ‡ªÕ√å ‚µ√å ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈ æ—∑¬“ ®”°—¥ ∫√‘…—∑ Õÿ¥√ ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ Õ‘π∑ππ∑å·≈π¥å ®”°—¥ 3.2.2 ∫√‘…—∑¬àÕ¬∑’Ë∂◊ÕÀÿâπ‚¥¬ ∫√‘…—∑‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ∫‘Í°´’ ·ø√’Ë ®”°—¥ ∫√‘…—∑ æ√–√“¡ 2 ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ æ‘…≥ÿ‚≈° ∫‘Í°´’ ®”°—¥

80 850 841

440 5 1,050

—¥ à«π°“√∂◊ÕÀÿâπ ‚¥¬∫√‘…—∑œ 2549 2548 √âÕ¬≈– √âÕ¬≈–

100.00 100.00 100.00 100.00 100.00 100.00

96.82 99.99 92.38

≈—°…≥–∏ÿ√°‘®

„Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å

∏ÿ√°‘®§â“ª≈’° „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å ∏ÿ√°‘®§â“ª≈’°

3.3 Õ—µ√“ à«π√âÕ¬≈–¢Õß ‘π∑√—æ¬å√«¡·≈–√“¬‰¥â√«¡´÷Ëß√«¡Õ¬Ÿà„πß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π√«¡π’‰È ¥â√«¡ß∫°“√‡ß‘π ”À√—∫ªï π‘È ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548 ¢Õß∫√‘…∑— ∫‘°Í ´’ ´Ÿ‡ªÕ√å‡´Áπ‡µÕ√å ®”°—¥ (¡À“™π) ·≈–∫√‘…∑— ¬àÕ¬ ´÷ßË Õ—µ√“ à«π√âÕ¬≈–¢Õß ‘π∑√—æ¬å√«¡·≈–√“¬‰¥â√«¡ ”À√—∫ªï π‘È ÿ¥«—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548 „πß∫°“√‡ß‘π√«¡ √ÿª‰¥â¥—ßπ’È :-

3.1 Subsidiaries which were directly held by the Company Registered share capital 2006 2005 Chiang Mai Big C (2001) Co., Ltd. Central Superstore Limited Theparak Big C Limited Surat Big C Limited Big C Distribution Co., Ltd. Chieng Rai Big C Co., Ltd. Flexpay Co., Ltd.

Million Baht

300 1,300

Equity interest of the Company 2006 2005 Percent Percent 100.00 100.00 100.00 100.00

100.00 100.00

200 1 180 100

100.00 100.00 100.00 100.00 100.00 89.99 51.00 51.00

Nature of business

Dormant Rental of immovable assets and holding company Rental of immovable assets and holding company Rental of immovable assets Dormant Rental of immovable assets Dormant

3.2 Indirect subsidiaries which were held by the Company没s subsidiaries

3.2.1 Investment through Central Superstore Limited Central Pattaya Co., Ltd. Udon Big C Co., Ltd. Inthanon Land Co., Ltd. 3.2.2 Investment through Theparak Big C Co., Ltd. Big C Fairly Limited Pharam II Big C Co., Ltd. Pitsanulok Big C Co., Ltd.

Million Baht

Equity interest of the Company 2006 2005 Percent Percent

80 850 841

100.00 100.00 100.00 100.00 100.00 100.00

440 5 1,050

96.82 99.99 92.38

103

Registered share capital 2006 2005

Nature of business

Rental of immovable assets Rental of immovable assets Rental of immovable assets

Retail Rental of immovable assets Retail

3.3 Percentage of total assets and revenues to the consolidated financial statements The consolidated financial statements include the financial statements for the years ended 31 December 2006 and 2005 of Big C Supercenter Public Company Limited and its subsidiaries.The percentage of total assets and revenues for the years ended 31 December 2006 and 2005 to the consolidated financial statements are following :-

‘π∑√—æ¬å√«¡¢Õß∫√‘…—∑¬àÕ¬ §‘¥‡ªìπÕ—µ√“√âÕ¬≈– „πß∫¥ÿ≈√«¡ 2549 2548

104

∫√‘…∑— ¬àÕ¬ 1. ∫√‘…—∑ ‡™’¬ß„À¡à ∫‘Í°´’ (2001) ®”°—¥ 2. ∫√‘…—∑ Õ‘π∑ππ∑å·≈π¥å ®”°—¥ 3. ∫√‘…—∑ ‡´Áπ∑√—≈´Ÿ‡ªÕ√å ‚µ√å ®”°—¥ 4. ∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ 5. ∫√‘…—∑ ÿ√“…Æ√å ∫‘Í°´’ ®”°—¥ 6. ∫√‘…—∑ ∫‘Í°´’ ¥‘ ∑√‘∫‘«™—Ëπ ®”°—¥ 7. ∫√‘…—∑ Õÿ¥√ ∫‘Í°´’ ®”°—¥ 8. ∫√‘…—∑ æ‘…≥ÿ‚≈° ∫‘Í°´’ ®”°—¥ 9. ∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ 10.∫√‘…—∑ ‡ø≈°´å‡æ¬å ®”°—¥ 11.∫√‘…—∑ ‡´Áπ∑√—≈ æ—∑¬“ ®”°—¥ 12.∫√‘…—∑ ∫‘Í°´’ ·ø√’Ë ®”°—¥ 13.∫√‘…—∑ æ√–√“¡ 2 ∫‘Í°´’ ®”°—¥

1.02 3.07 8.57 7.49 1.48 0.03 2.02 5.14 2.59 0.20 0.86 4.41 0.06

1.09 3.11 8.93 6.55 1.53 0.03 2.00 4.85 3.84 0.22 0.87 4.00 0.05

√“¬‰¥â√«¡¢Õß∫√‘…—∑¬àÕ¬ §‘¥‡ªìπÕ—µ√“√âÕ¬≈– „πß∫°”‰√¢“¥∑ÿπ√«¡ 2549 2548 0.03 0.10 0.23 0.15 0.05 0.10 2.60 0.88 0.07 2.90 0.01

1.01 0.09 0.29 0.14 0.05 0.10 2.73 2.72 0.07 3.01 0.01

3.4¬Õ¥§ß§â“ß√“¬°“√√–À«à“ß°—π∑’Ë¡’ “√– ”§—≠·≈–‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬„π∫—≠™’¢Õß∫√‘…—∑œ ·≈–∑ÿπ‡√◊ÕπÀÿâπ¢Õß ∫√‘…—∑¬àÕ¬‰¥âµ—¥ÕÕ°®“°ß∫°“√‡ß‘π√«¡π’È·≈â« 3.5„π°“√∫—π∑÷°∫—≠™’‡°’¬Ë «°—∫°“√´◊ÕÈ °‘®°“√ º≈µà“ß√–À«à“ß¡Ÿ≈§à“ ÿ∑∏‘¢Õß ‘π∑√—æ¬å∑´’Ë Õ◊È µ“¡√“§“¬ÿµ∏‘ √√¡·≈–¡Ÿ≈§à“∑’Ë ®à“¬´◊ÈÕ‰¥â· ¥ß‰«â‡ªìπ ç§à“§«“¡π‘¬¡ - ÿ∑∏‘é „πß∫¥ÿ≈ ·≈–µ—¥®”Àπà“¬µ“¡Õ“¬ÿ —≠≠“¿“¬„π‡«≈“ 30 ªï 20 ªï ·≈– 10 ªï 3.6„π°“√∫—π∑÷°∫—≠™’‡°’¬Ë «°—∫°“√´◊ÕÈ ‡ß‘π≈ß∑ÿπ„π∫√‘…∑— ¬àÕ¬‡æ‘¡Ë ‡µ‘¡ (´◊ÕÈ Àÿπâ §◊π®“°ºŸ∂â Õ◊ Àÿπâ à«ππâÕ¬) º≈µà“ß√–À«à“ß ¡Ÿ≈§à“¬ÿµ‘∏√√¡¢Õß ‘π∑√—æ¬å ÿ∑∏‘´÷ËßµË”°«à“√“§“∑ÿπ∑’Ë®à“¬´◊ÈÕ‰¥â· ¥ß‰«â„π à«π¢ÕßºŸâ∂◊ÕÀÿâπ„πß∫¥ÿ≈¿“¬„µâÀ—«¢âÕ ç à«π‡°‘π ¢Õß‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬´÷Ëß‡°‘¥®“°°“√´◊ÈÕ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬‡æ‘Ë¡‡µ‘¡„π√“§“∑’Ë Ÿß°«à“¡Ÿ≈§à“µ“¡∫—≠™’¢Õß∫√‘…—∑¬àÕ¬ ≥ «—π´◊ÈÕé 4. °“√‡ª≈’Ë¬π·ª≈ßπ‚¬∫“¬°“√∫—≠™’ / ¡“µ√∞“π°“√∫—≠™’„À¡à∑’Ëª√–°“»„™â „π‡¥◊Õπµÿ≈“§¡ 2549 ¿“«‘™“™’æ∫—≠™’‰¥âÕÕ°ª√–°“» ¿“«‘™“™’æ∫—≠™’ ©∫—∫∑’Ë 26/2549 ‡√◊ËÕß¡“µ√∞“π°“√∫—≠™’ ©∫—∫∑’Ë 44 ‡√◊ÕË ß ß∫°“√‡ß‘π√«¡·≈–°“√∫—≠™’ ”À√—∫‡ß‘π≈ß∑ÿπ„π∫√‘…∑— ¬àÕ¬ (·°â‰¢‡æ‘¡Ë ‡µ‘¡§√—ßÈ ∑’Ë 1) ‚¥¬„Àâ·°â‰¢°“√∫—π∑÷°∫—≠™’ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ °‘®°“√∑’Ë¡’Õ”π“®§«∫§ÿ¡√à«¡ ·≈–∫√‘…—∑√à«¡„πß∫°“√‡ß‘π‡©æ“–°‘®°“√®“°«‘∏’ à«π‰¥â‡ ’¬¡“‡ªìπ«‘∏’ √“§“∑ÿπ ‚¥¬°‘®°“√∑’‰Ë ¡àª√– ß§å®–„™â«∏‘ √’ “§“∑ÿπ„πªï 2549 °Á„Àâ„™â«∏‘ ’ «à π‰¥â‡ ’¬µ“¡‡¥‘¡®π∂÷ß ‘πÈ ªï 2549 ·≈–„Àâ„™â«∏‘ √’ “§“ ∑ÿπ‡√‘Ë¡µ—Èß·µà«—π∑’Ë 1 ¡°√“§¡ 2550 ∑—ßÈ π’∫È √‘…∑— œ‡≈◊Õ°∑’®Ë –‡ª≈’¬Ë π·ª≈ß«‘∏°’ “√∫—π∑÷°∫—≠™’„πªï 2550 ´÷ßË °“√‡ª≈’¬Ë π·ª≈ß„πªï 2550 π—πÈ ®–¡’º≈„Àâ∫√‘…∑— œµâÕß ª√—∫ª√ÿßß∫°“√‡ß‘π‡©æ“–°‘®°“√ ”À√—∫ªï 2549 ∑’·Ë ¥ß‡ª√’¬∫‡∑’¬∫„πß∫°“√‡ß‘π ”À√—∫ªï 2550 „À¡à ´÷ßË ®–¡’º≈∑”„Àâ°”‰√ ÿ∑∏‘„πß∫°“√‡ß‘π‡©æ“–°‘®°“√ ”À√—∫ªï 2549 ≈¥≈ß‡ªìπ®”π«π‡ß‘πª√–¡“≥ 400.7 ≈â“π∫“∑ (0.5 ∫“∑µàÕÀÿπâ ) ·≈– à«π¢Õß ºŸâ∂◊ÕÀÿâπ„πß∫¥ÿ≈ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ≈¥≈ß‡ªìπ®”π«π‡ß‘πª√–¡“≥ 2,646 ≈â“π∫“∑

Subsidiaryûs total assets as a percentage to the consolidated total 2006 2005 1.02 3.07 8.57 7.49 1.48 0.03 2.02 5.14 2.59 0.20 0.86 4.41 0.06

1.09 3.11 8.93 6.55 1.53 0.03 2.00 4.85 3.84 0.22 0.87 4.00 0.05

0.03 0.10 0.23 0.15 0.05 0.10 2.60 0.88 0.07 2.90 0.01

1.01 0.09 0.29 0.14 0.05 0.10 2.73 2.72 0.07 3.01 0.01

3.4 Intercompany balances and significant transactions, investments in the subsidiaries in the Companyûs accounts and the subsidiariesû share capital are eliminated from the consolidated financial statements. 3.5 The excess of the fair value of net assets at the date of the acquisition of the subsidiaries over related cost of investment is accounted as çGoodwill - neté in the balance sheets and are amortised over the lease period of 30, 20 and 10 years. 3.6 For the book of account, upon additional acquisition of additional shares of subsidiaries (repurchase shares from minority interest), the excess of cost of the investment at the acquisition date over the fair value of the net asset has been presented as share holder equity in balance sheet under çExcess of investments in subsidiary companies arising as a result of additional purchase of investments in the subsidiary companies at a price higher than the net book value of the subsidiary companies at the acquisition dateé. 4. CHANGE IN ACCOUNTING POLICY/ADOPTION OF NEW ACCOUNTING STANDARDS In October 2006, the Federation of Accounting Professions issued Notification No.26/2006 regarding Accounting Standard No. 44 çConsolidated Financial Statements and Accounting for Investments in Subsidiariesé (Amendment No. 1), under which investments in subsidiaries, jointly controlled entities and associates are to be presented in the separate financial statements under the cost method rather than the equity method. Entities which are not ready to adopt the cost method in 2006 can continue to use the equity method through the end of 2006 and adopt the cost method as from 1 January 2007. In this regard, the Company has elected to adopt the change in 2007. Adoption of the change in 2007 will necessitate the restatement of the Companyûs 2006 separate financial statements to be presented for comparative purposes along with the financial statements for 2007. The restatement will have the effect of decreasing net income in the separate income statement for 2006 by approximately Baht 400.7 million (Baht 0.5 per share) and decreasing net worth in the balance sheet at 31 December 2006 by approximately Baht 2,646 million.

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Subsidiaries 1. Chiang Mai Big C (2001) Co., Ltd. 2. Inthanon Land Co., Ltd. 3. Central Superstore Limited 4. Theparak Big C Limited 5. Surat Big C Limited 6. Big C Distribution Co., Ltd. 7. Udon Big C Co., Ltd. 8. Pitsanulok Big C Co., Ltd. 9. Chiang Rai Big C Co., Ltd. 10.Flexpay Co., Ltd. 11.Central Pattaya Co., Ltd. 12.Big C Fairy Limited 13.Pharam II Big C Co., Ltd.

Subsidiaryûs total revenues as a percentage to the consolidated total 2006 2005

5. π‚¬∫“¬°“√∫—≠™’∑’Ë ”§—≠ 5.1 °“√√—∫√Ÿâ√“¬‰¥â √“¬‰¥â®“°°“√¢“¬ ‘π§â“√—∫√Ÿâ‡¡◊ËÕ∫√‘…—∑œ‰¥â‚Õπ§«“¡ ‡ ’Ë ¬ ß·≈–º≈µÕ∫·∑π∑’Ë ‡ ªì π “√– ”§— ≠ ¢Õß§«“¡‡ªì π ‡®â“¢Õß ‘π§â“„Àâ°—∫ºŸâ´◊ÈÕ·≈â« √“¬‰¥â®“°°“√¢“¬· ¥ß ¡Ÿ≈§à“µ“¡√“§“„π„∫°”°—∫ ‘π§â“‚¥¬‰¡à√«¡¿“…’¡Ÿ≈§à“‡æ‘Ë¡ ”À√—∫ ‘π§â“∑’Ë‰¥â àß¡Õ∫À≈—ß®“°À—° à«π≈¥·≈â« ∫√‘ …— ∑ œ√— ∫ √Ÿâ √ “¬‰¥â ® “°°“√„Àâ ‡ ™à “ æ◊È π ∑’Ë · ≈–°“√„Àâ ∫√‘°“√∑’Ë‡°’Ë¬«¢âÕßµ“¡·µà≈–ß«¥∑’Ë‰¥â„Àâ∫√‘°“√µ“¡√–¬– ‡«≈“¢Õß —≠≠“„Àâ‡™à“·≈–∫√‘°“√

5. SIGNIFICANT ACCOUNTING POLICIES 5.1 Revenue recognition Sales of goods are recognized when the significant risks and rewards of ownership of the goods have passed to the buyer. Sales are the invoiced value, excluding value added tax, of goods supplied after deducting discounts and allowances. Rental and service income are recognised proportionately over the term of the lease and service agreements.

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5.2 Cash and cash equivalents Cash and cash equivalents consist of cash in hand, 5.2 ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥„πß∫°√–· ‡ß‘π ¥ cash at banks and all highly liquid investments with an À¡“¬∂÷ß ‡ß‘π ¥·≈–‡ß‘πΩ“°∏π“§“√·≈–‡ß‘π≈ß∑ÿπ√–¬– —Èπ original maturity of three months or less and not subject to ∑’Ë¡’ ¿“æ§≈àÕß Ÿß ´÷Ëß∂÷ß°”Àπ¥®à“¬§◊π¿“¬„π√–¬–‡«≈“ withdrawal restriction. ‰¡à‡°‘π 3 ‡¥◊Õππ—∫®“°«—π∑’Ë‰¥â¡“ ·≈–‰¡à¡’¢âÕ®”°—¥„π°“√ 5.3 Trade accounts receivable and allowance for ‡∫‘°„™â doubtful accounts Trade accounts receivable are stated at the net realizable 5.3 ≈Ÿ°Àπ’È°“√§â“·≈–§à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ≈Ÿ°Àπ’°È “√§â“· ¥ßµ“¡¡Ÿ≈§à“ ÿ∑∏‘∑®’Ë –‰¥â√∫— ∫√‘…∑— œµ—ßÈ value. Allowance for doubtful accounts is provided for the §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠‚¥¬ª√–¡“≥®“°®”π«πÀπ’È∑’ËÕ“® estimated losses that may be incurred in the collection of ‡√’¬°‡°Á∫‡ß‘π®“°≈Ÿ°Àπ’È‰¡à‰¥â ´÷Ëß‚¥¬∑—Ë«‰ªæ‘®“√≥“®“° receivables. The allowance is generally based on collection experiences and analysis of debtor aging. ª√– ∫°“√≥å°“√‡°Á∫‡ß‘π·≈–°“√«‘‡§√“–ÀåÕ“¬ÿ≈Ÿ°Àπ’È 5.4 Inventories 5.4 ‘π§â“§ß‡À≈◊Õ Inventories are valued at the lower of cost (the average † ‘π§â“§ß‡À≈◊Õ· ¥ß¡Ÿ≈§à“µ“¡√“§“∑ÿπ («‘∏’∂—«‡©≈’Ë¬) cost method) and net realisable value. À√◊Õ¡Ÿ≈§à“ ÿ∑∏‘∑’Ë®–‰¥â√—∫·≈â«·µà√“§“„¥®–µË”°«à“ 5.5 ‡ß‘π≈ß∑ÿπ ‡ß‘π≈ß∑ÿπ„π∫√‘…∑— ¬àÕ¬„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…∑— œ · ¥ß¡Ÿ≈§à“µ“¡«‘∏ ’ «à π‰¥â‡ ’¬º≈¢“¥∑ÿπ à«π∑’‡Ë °‘π°«à“¡Ÿ≈§à“ ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ‡π◊ËÕß®“°∫√‘…—∑œ¡’§«“¡√—∫º‘¥ ™Õ∫µàÕ¢“¥∑ÿπ‡°‘π∑ÿπ¢Õß∫√‘…∑— ¬àÕ¬∑—ßÈ À¡¥µ“¡ —¥ à«π∑’Ë ∫√‘…—∑œ ¡’¢âÕºŸ°æ—π‰«â®–· ¥ß‡ªìπÀπ’È ‘π¿“¬„µâ√“¬°“√ çº≈¢“¥∑ÿπ∑’Ë‡°‘π°«à“‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬é „πß∫¥ÿ≈ ‡ß‘ π ≈ß∑ÿ π √–¬–¬“«„πµ√“ “√∑ÿ π ∑’Ë ‰ ¡à Õ ¬Ÿà „ π§«“¡ µâÕß°“√¢Õßµ≈“¥´÷Ëß∫√‘…—∑œ ∂◊Õ‡ªìπ‡ß‘π≈ß∑ÿπ∑—Ë«‰ª· ¥ß „π√“§“∑ÿπ ¢“¥∑ÿπ®“°°“√¥âÕ¬§à“¢Õß‡ß‘π≈ß∑ÿπ (∂â“¡’) ®–√«¡Õ¬Ÿà„π°“√§”π«≥º≈°“√¥”‡π‘πß“π

5.5 Investments Investments in subsidiaries in the Companyûs financial statements are stated under the equity accounting method. Should the Company has continuing obligation for the capital deficit of subsidiary the excess of loss over cost of investment is presented as liabilities under the caption of çExcess loss over cost of investment in subsidiary companiesé in the balance sheets. Long-term investments in other companies which are non-marketable securities and held as other investments are stated at cost. The loss on impairment in value of securities (if any) is included in determining earnings.

5.6 ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å ·≈–§à“‡ ◊ËÕ¡√“§“ 5.6 Property, plant and equipment ∑’¥Ë π‘ · ¥ß¡Ÿ≈§à“µ“¡√“§“∑ÿπ/√“§“∑’µË „’ À¡à Õ“§“√·≈– Land is stated at cost/revalued amount. Plant and Õÿª°√≥å· ¥ß¡Ÿ≈§à“µ“¡√“§“∑ÿπÀ—°§à“‡ ◊ËÕ¡√“§“ – ¡ equipment are stated at cost less accumulated depreciation ·≈–§à“‡º◊ËÕ°“√¥âÕ¬§à“¢Õß ‘π∑√—æ¬å (∂â“¡’) and allowance for loss on impairment of assets. (if any).

All items of property, plant and equipment are recorded at cost. Land is however subsequently revalued by an independent professional valuer, on an asset-byasset basis, to their fair value. Revaluations will be made with sufficient regularity to ensure that their carrying amount does not differ materially from their fair value at the balance sheet date. Depreciation of plant and equipment is calculated by reference to their costs on a straight-line basis over the estimated useful lives:-

à«πª√—∫ª√ÿß∑’Ë¥‘π Õ“§“√·≈– à«πª√—∫ª√ÿßÕ“§“√ ‡§√◊ËÕßµ°·µàß µ‘¥µ—Èß ‡§√◊ËÕß¡◊Õ ·≈–Õÿª°√≥å √–∫∫ “∏“√≥Ÿª‚¿§ ¬“πæ“Àπ–

Land improvements Building and building improvements Furniture, fixtures, tools and office equipment Utility systems Vehicles

5 - 20 5 - 30 3 - 20 5 - 20 5

ªï ªï ªï ªï ªï

5 - 20 5 - 30

years years

3 - 20

years

5 - 20 5

years years

‰¡à¡’°“√§‘¥§à“‡ ◊ËÕ¡√“§“ ”À√—∫∑’Ë¥‘π ∑’Ë¥‘π à«π∑’Ëµ’√“§“ No depreciation is provided for land and land revaluation ‡æ‘Ë¡·≈–ß“π√–À«à“ß°àÕ √â“ß §à“‡ ◊ËÕ¡√“§“‰¥â√«¡Õ¬Ÿà„π°“√§”π«≥º≈°“√¥”‡π‘πß“π and construction in progress. Depreciation is included in determining earnings. 5.7 °“√∫—π∑÷°µâπ∑ÿπ°“√°Ÿâ¬◊¡‡ß‘π‡ªìπ√“§“∑ÿπ¢Õß 5.7 Capitalisation of borrowing costs ∑√—æ¬å ‘π Borrowings costs of the loan obtained for the µâπ∑ÿπ°“√°Ÿ¬â ¡◊ ´÷ßË ‡°’¬Ë «‡π◊ÕË ß°—∫‡ß‘π°Ÿ¬â ¡◊ ”À√—∫°“√®—¥À“ ‘π∑√—æ¬å∂“«√®–∂Ÿ°∫—π∑÷°‡ªìπ à«πÀπ÷Ëß¢Õß ‘π∑√—æ¬å∂“«√ acquisition of fixed assets are capitalised as cost of fixed assets until they are ready for their intended use. ®π°«à“ ‘π∑√—æ¬å∂“«√π—Èπæ√âÕ¡∑’Ë®–„™âß“π 5.8 Amortisation 5.8 §à“µ—¥®”Àπà“¬ Goodwill is amortised on a straight-line basis over a §à“§«“¡π‘¬¡µ—¥®”Àπà“¬‡ªìπ§à“„™â®à“¬‚¥¬«‘∏’‡ âπµ√ß„π period of 30, 20 and 10 years. √–¬–‡«≈“ 30 ªï 20 ªï ·≈– 10 ªï 5.9 °“√¥âÕ¬§à“¢Õß ‘π∑√—æ¬å ≥ «—π∑’Ë„πß∫¥ÿ≈ ∫√‘…—∑œ®–ª√–‡¡‘π«à“¡’¢âÕ∫àß™’È¢Õß ‘π∑√—æ¬å«à“¡’°“√¥âÕ¬§à“À√◊Õ‰¡à À“° ‘π∑√—æ¬åπ—Èπ¡’¢âÕ∫àß™’È ¢Õß°“√¥âÕ¬§à“ ∫√‘…—∑œ®–ª√–¡“≥¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π ¢Õß ‘π∑√—æ¬å À“°√“§“µ“¡∫—≠™’¢Õß ‘π∑√—æ¬å Ÿß°«à“¡Ÿ≈§à“∑’Ë §“¥«à“®–‰¥â√—∫§◊π ∫√‘…—∑œ®–≈¥¡Ÿ≈§à“¢Õß ‘π∑√—æ¬åπ—Èπ≈ß„Àâ ‡∑à“°—∫¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â√—∫§◊π ·≈–√—∫√Ÿâº≈¢“¥∑ÿπ®“°°“√ ¥âÕ¬§à“¢Õß ‘π∑√—æ¬å„πß∫°”‰√¢“¥∑ÿπ ¡Ÿ≈§à“∑’Ë§“¥«à“®–‰¥â √—∫§◊π¢Õß ‘π∑√—æ¬åÀ¡“¬∂÷ß√“§“¢“¬ ÿ∑∏‘À√◊Õ¡Ÿ≈§à“®“°°“√„™â ¢Õß ‘π∑√—æ¬åπ—Èπ·≈â«·µà®”π«π„¥®– Ÿß°«à“

5.9 Impairment of assets The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If any such indication exists, the Company makes an estimate of the asset]s recoverable amount. Where the carrying amount of the asset exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. Impairment losses are recognised in the income statement. An assetûs recoverable amount is the higher of fair value less or costs to sell and its value in use.

107

∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬∫—π∑÷°¡Ÿ≈§à“¢Õß∑’Ë¥‘π Õ“§“√·≈– Õÿª°√≥å„π√“§“∑ÿπ ≥ «—π∑’Ë‰¥â ‘π∑√—æ¬å¡“ À≈—ß®“°π—Èπ ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬‰¥â®—¥„Àâ¡’°“√ª√–‡¡‘π√“§“∑’Ë¥‘π‚¥¬ ºŸâª√–‡¡‘π√“§“Õ‘ √–·¬°µ“¡√“¬°≈ÿà¡ ‘π∑√—æ¬å ∑—Èßπ’È∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬‰¥â®—¥„Àâ¡’°“√ª√–‡¡‘π√“§“ ‘π∑√—æ¬å¥—ß°≈à“« ‡ªìπ§√—ßÈ §√“«‡æ◊ÕË ¡‘„Àâ√“§“µ“¡∫—≠™’ ≥ «—π∑’„Ë πß∫¥ÿ≈·µ°µà“ß ®“°¡Ÿ≈§à“¬ÿµ‘∏√√¡Õ¬à“ß¡’ “√– ”§—≠ §à“‡ ◊ËÕ¡√“§“¢ÕßÕ“§“√·≈–Õÿª°√≥å§”π«≥®“°√“§“ ∑ÿ π ¢Õß ‘ π ∑√— æ ¬å ‚ ¥¬«‘ ∏’ ‡ â π µ√ßµ“¡Õ“¬ÿ ° “√„™â ß “π‚¥¬ ª√–¡“≥¥—ßµàÕ‰ªπ’È :-

108

5.10 √“¬°“√∏ÿ√°‘®°—∫∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë ‡°’Ë¬«¢âÕß°—π ∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π°—∫∫√‘…—∑œ À¡“¬∂÷ß ∫ÿ§§≈À√◊Õ°‘®°“√∑’Ë¡’Õ”π“®§«∫§ÿ¡∫√‘…—∑œ À√◊Õ∂Ÿ°§«∫§ÿ¡ ‚¥¬∫√‘…—∑œ ‰¡à«à“®–‡ªìπ‚¥¬∑“ßµ√ßÀ√◊Õ∑“ßÕâÕ¡ À√◊Õ Õ¬Ÿà¿“¬„µâ°“√§«∫§ÿ¡‡¥’¬«°—π°—∫∫√‘…—∑œ πÕ°®“°π’È ∫ÿ § §≈À√◊ Õ °‘ ® °“√∑’Ë ‡ °’Ë ¬ «¢â Õ ß°— π ¬— ß À¡“¬ √«¡∂÷ ß ∫√‘ …— ∑ √à « ¡·≈–∫ÿ § §≈´÷Ë ß ¡’ Õ‘ ∑ ∏‘ æ ≈Õ¬à “ ß‡ªì π “√– ”§—≠°—∫∫√‘…—∑œ ºŸâ∫√‘À“√ ”§—≠ °√√¡°“√À√◊Õæπ—°ß“π ¢Õß∫√‘…∑— œ ∑’¡Ë Õ’ ”π“®„π°“√«“ß·ºπ·≈–§«∫§ÿ¡°“√¥”‡π‘π ß“π¢Õß∫√‘…∑— œ

5.10 Related party transactions Related parties comprise enterprises and individuals that control or are controlled by the Company, whether directly or indirectly, or which are under common control with the Company. They also include associated companies and individuals which directly or indirectly own a voting interest in the Company that gives them significant influence over the Company, and key management personnel, and directors and officers with authority in the planning and direction of the Companyûs operations.

5.11 ‡ß‘πµ√“µà“ßª√–‡∑» √“¬°“√∑’‡Ë ªìπ‡ß‘πµ√“µà“ßª√–‡∑»´÷ßË ‡°‘¥¢÷πÈ „π√–À«à“ßªï ‰¥â·ª≈ß§à“‡ªìπ‡ß‘π∫“∑‚¥¬„™âÕ—µ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë∑’Ë ‡°‘¥√“¬°“√ ‘π∑√—æ¬å·≈–Àπ’È ‘π∑’Ë‡ªìπ‡ß‘πµ√“µà“ßª√–‡∑» §ß‡À≈◊ÕÕ¬Ÿà ≥ «—π∑’Ë„πß∫¥ÿ≈‰¥â·ª≈ß§à“‡ªìπ‡ß‘π∫“∑‚¥¬„™â Õ—µ√“·≈°‡ª≈’Ë¬π ≥ «—π∑’Ë„πß∫¥ÿ≈ ‡«âπ·µà√“¬°“√∑’Ë‰¥âµ°≈ß Õ—µ√“·≈°‡ª≈’Ë¬π≈à«ßÀπâ“°—∫∏π“§“√‰«â®–„™âÕ—µ√“∑’Ëµ°≈ß °—ππ—Èπ·∑π °”‰√·≈–¢“¥∑ÿπ∑’Ë‡°‘¥®“°°“√‡ª≈’Ë¬π·ª≈ß„πÕ—µ√“ ·≈°‡ª≈’Ë¬π‰¥â√«¡Õ¬Ÿà„π°“√§”π«≥º≈°“√¥”‡π‘πß“π

5.11 Foreign currencies Foreign currency transactions are translated into Baht at the exchange rates ruling on the transaction dates. Assets and liabilities denominated in foreign currencies outstanding at the balance sheet date are translated into Baht at the exchange rates ruling on the balance sheet date, with the exception of those covered by SWAP exchange contracts, which are translated at the contracted rates. Gains and losses on exchange are included in determining income.

5.12 Employee benefits 5.12 º≈ª√–‚¬™πåæπ—°ß“π Salary, wages, bonuses and contributions to the ∫√‘…∑— œ√—∫√Ÿ‡â ß‘π‡¥◊Õπ §à“®â“ß ‚∫π— ·≈–‡ß‘π ¡∑∫°Õß∑ÿπ ª√–°—π —ß§¡·≈–°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ‡ªìπ§à“„™â®à“¬‡¡◊ËÕ social security fund and provident fund are recognised as expenses when incurred. ‡°‘¥√“¬°“√ 5.13 Income Tax 5.13 ¿“…’‡ß‘π‰¥â Income tax is provided for in the accounts based on ∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬∫—π∑÷°¿“…’‡ß‘π‰¥â‚¥¬§”π«≥®“° the taxable profits determined in accordance with tax °”‰√ ÿ∑∏‘∑“ß¿“…’µ“¡°ÆÀ¡“¬¿“…’Õ“°√ legislation. 5.14 ‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π 5.14 Financial instruments ∫√‘ …— ∑ œ‰¡à ¡’ π ‚¬∫“¬∑’Ë ® –ª√–°Õ∫∏ÿ √ °√√¡µ√“ “√ The Company has no policy to speculate in or ∑“ß°“√‡ß‘ π πÕ°ß∫¥ÿ ≈ ∑’Ë ‡ ªì π µ√“ “√Õπÿ æ— π ∏å ‡ æ◊Ë Õ °“√ engage in the trading of any financial derivative ‡°Áß°”‰√À√◊Õ‡æ◊ËÕ°“√§â“ instruments. 5.15 °“√„™âª√–¡“≥°“√∑“ß∫—≠™’ 5.15 Use of accounting estimates „π°“√®—¥∑”ß∫°“√‡ß‘πµ“¡À≈—°°“√∫—≠™’∑√’Ë ∫— √Õß∑—«Ë ‰ª Preparation of financial statements in conformity with „π∫“ß ∂“π°“√≥åΩÉ“¬∫√‘À“√Õ“®µâÕß„™â°“√ª√–¡“≥·≈– °“√µ—Èß ¡¡µ‘∞“π ´÷Ëß¡’º≈°√–∑∫µàÕ®”π«π‡ß‘π∑’Ë· ¥ß„πß∫ generally accepted accounting principles requires °“√‡ß‘π·≈–À¡“¬‡Àµÿª√–°Õ∫ß∫°“√‡ß‘π ¥â«¬‡Àµÿπ’Èº≈∑’Ë management to make estimates and assumptions in certain circumstances, affecting amounts reported in these ‡°‘¥¢÷Èπ®√‘ß®÷ßÕ“®·µ°µà“ß‰ª®“°®”π«π∑’Ëª√–¡“≥‰«â financial statements and related notes. Actual results could differ from these estimates.

6. ≈Ÿ°Àπ’È°“√§â“

6. TRADE ACCOUNTS RECEIVABLE

≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548 ∫√‘…—∑œ ·≈– The aging of the outstanding trade accounts receivable ∫√‘…—∑¬àÕ¬¡’≈Ÿ°Àπ’È°“√§â“·¬°µ“¡Õ“¬ÿÀπ’È∑’Ë§â“ßπ—∫®“°«—π∑’Ë as at 31 December 2006 and 2005, based on due date ∂÷ß°”Àπ¥™”√–‰¥â¥—ßπ’È :is as follows :(Àπà«¬ : æ—π∫“∑) ß∫°“√‡ß‘π√«¡ ß∫°“√‡ß‘π‡©æ“–∫√‘…—∑œ 2549 2548 2549 2548 ‰¡à‡°‘π 3 ‡¥◊Õπ 117,002 59,067 111,943 54,756 1,332 3,261 1,332 3,261 ¡“°°«à“ 12 ‡¥◊Õπ √«¡≈Ÿ°Àπ’È 118,334 62,328 113,275 58,017 (1,303) (3,280) (1,303) (3,280) À—° : §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ 117,031 59,048 111,972 54,737 ÿ∑∏‘ CONSOLIDATED 2006 2005 Within 3 months 117,002 59,067 1,332 3,261 More than 12 months Total accounts receivable 118,334 62,328 Less : Allowance for doubtful (1,303) (3,280) accounts 117,031 59,048 111,972 Net

7. √“¬°“√∏ÿ√°‘®°—∫°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π „π√–À«à“ßªï ∫√‘…—∑œ¡’√“¬°“√∏ÿ√°‘®∑’Ë ”§—≠°—∫∫√‘…—∑ ¬àÕ¬ (´÷Ëßµ—¥ÕÕ°®“°ß∫°“√‡ß‘π√«¡·≈â«) ·≈–∫√‘…—∑∑’Ë ‡°’Ë¬«¢âÕß°—π √“¬°“√∏ÿ√°‘®¥—ß°≈à“«‡ªìπ‰ªµ“¡‡ß◊ËÕπ‰¢ ∑“ß°“√§â“·≈–‡°≥±å∑’Ëµ°≈ß°—π√–À«à“ß∫√‘…—∑œ·≈–∫√‘…—∑ ‡À≈à“π—Èπ ‚¥¬∫√‘…—∑œ¡’π‚¬∫“¬„π°“√°”Àπ¥√“§“ ”À√—∫ √“¬°“√§â“√–À«à“ß°—π¥—ßµàÕ‰ªπ’È§◊Õ 1. √“¬‰¥â®“°°“√¢“¬·≈–µâπ∑ÿπ ‘π§â“°”Àπ¥‚¥¬ √“§“∑’Ëµ°≈ß√à«¡°—π„π°≈ÿà¡∫√‘…—∑ 2. √“¬‰¥â·≈–§à“„™â®à“¬®“°°“√‡™à“ /„Àâ‡™à“∑√—æ¬å ‘π ·≈–∫√‘°“√°”Àπ¥√“§“‚¥¬√“§“µ“¡ —≠≠“∑’µË °≈ß√à«¡°—π´÷ßË ‡ªìπ‰ªµ“¡√“§“µ≈“¥ 3. √“¬‰¥â§“à ∫√‘°“√°“√®—¥°“√·≈–√“¬®à“¬§à“∏√√¡‡π’¬¡ °“√®—¥°“√°”Àπ¥‚¥¬√“§“∑’Ëµ°≈ß√à«¡°—π„π°≈ÿà¡∫√‘…—∑ ·≈–/À√◊Õ√“§“µ≈“¥ 4. Õ—µ√“¥Õ°‡∫’È¬‡ß‘π„Àâ°Ÿâ¬◊¡·≈–‡ß‘π°Ÿâ¬◊¡°”Àπ¥®“° Õ—µ√“¥Õ°‡∫’¬È „°≈â‡§’¬ß°—∫Õ—µ√“∑’∏Ë π“§“√æ“≥‘™¬å§¥‘ °—∫≈Ÿ°§â“ ∑—Ë«‰ª

54,737

7. RELATED PARTY TRANSACTIONS During the years, the Company had significant business transactions with its subsidiaries (eliminated from the consolidated financial statements) and related companies which have been concluded on commercial terms and bases agreed upon between the Company and those companies. The Company has the following policies on pricing for its related transactions : 1. Sales and cost of goods transactions, the prices will be based on the agreed prices between the parties. 2. Rental and service income and expenses will be based on the contract price between the parties and according to market price. 3. Management fee income and expenses will be based on the agreed prices between the parties and/or market price. 4. Inter-company loan, interest rate will be based on the interest rate close to those charged by bank to normal customer.

109

(Unit : Thousand Baht) THE COMPANY ONLY 2006 2005 111,943 54,756 1,332 3,261 113,275 58,017 (1,303) (3,280)

5. √“¬‰¥â·≈–µâπ∑ÿπ°“√®”Àπà“¬‡ß‘π≈ß∑ÿπ„π∫√‘…∑— ¬àÕ¬°”Àπ¥‚¥¬√“§“∑’µË °≈ß√à«¡°—π‚¥¬„°≈â‡§’¬ß°—∫√“§“µ“¡∫—≠™’ ¢Õß∫√‘…∑— ¬àÕ¬ 6. °“√´◊ÈÕ¢“¬∑√—æ¬å ‘π∂“«√√–À«à“ß°—π°”Àπ¥√“§“‚¥¬„™â¡Ÿ≈§à“ ÿ∑∏‘‚¥¬∫«° à«π‡æ‘Ë¡µ“¡ ¿“æ¢Õß ‘π∑√—æ¬å

√“¬°“√∏ÿ√°‘®∑’Ë ”§—≠√–À«à“ß∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬·≈–∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π “¡“√∂ √ÿª‰¥â ¥—ßπ’È :-

ß∫°“√‡ß‘π√«¡ 2549 2548

110

√“¬°“√∏ÿ√°‘®°—∫∫√‘…—∑¬àÕ¬ √“¬‰¥â®“°°“√¢“¬ ‘π§â“ ´◊ÕÈ ‘π§â“ √“¬‰¥â®“°°“√„Àâ‡™à“∑√—æ¬å ‘π·≈–∫√‘°“√ §à“‡™à“·≈–§à“∫√‘°“√®à“¬ √“¬‰¥â§à“∫√‘°“√°“√®—¥°“√ ¥Õ°‡∫’¬È √—∫ ¥Õ°‡∫’¬È ®à“¬ ‡ß‘π√—∫®“°°“√®”Àπà“¬‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ √“¬°“√∏ÿ√°‘®°—∫∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π √“¬‰¥âÕ◊Ëπ 5,068 §à“‡™à“·≈–§à“∫√‘°“√®à“¬ 196,044 √“¬‰¥â§à“∫√‘°“√°“√®—¥°“√ 2,397 §à“∏√√¡‡π’¬¡°“√®—¥°“√·≈–§à“„™â®à“¬Õ◊Ëπ 71,931 ¥Õ°‡∫’¬È ®à“¬ 43,602 §à“∑’Ëª√÷°…“∑“ß¿“…’Õ“°√ 1,200

32,306 165,728 7,193 91,430 41,402 -

(Àπà«¬ : æ—π∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2549 2548 1,395,331 139,429 39,658 403,140 17,511 65,961 -

1,965,136 141,089 46,424 375,628 15,966 9,511 35,286 874,287

5,068 183,296 2,397 71,931 43,602 1,200

32,306 153,819 7,193 91,430 41,402 -

5. Sales and cost of sales of investment in subsidiaries will be based on the agreed prices between the parties and close to the book value of subsidiaries. 6. Fixed assets are sold or purchased at their net book value plus a margin depending on the condition of the fixed assets.

Significant transaction between the Company and its subsidiaries and related companies are summarised below :-

CONSOLIDATED 2006 2005 32,306 165,728 7,193 91,430 41,402 -

1,395,331 139,429 39,658 403,140 17,511 65,961 -

1,965,136 141,089 46,424 375,628 15,966 9,511 35,286 874,287

5,068 183,296 2,397 71,931 43,602 1,200

32,306 153,819 7,193 91,430 41,402 -

111

Transactions with subsidiaries Sales of goods Purchases of goods Rental and service income Rental and service expenses Management fee income Interest income Interest expense Cash received from sold investments in subsidiaries Transactions with related companies Other income 5,068 Rental and service expenses 196,044 Management fee income 2,397 Management fee expense and other expense 71,931 Interest expense 43,602 Tax consulting fee 1,200

(Unit : Thousand Baht) THE COMPANY ONLY 2006 2005

112

≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548 ¬Õ¥§ß§â“ß¢Õß√“¬°“√¢â“ßµâπ‰¥â· ¥ß·¬°µà“ßÀ“°„πß∫¥ÿ≈ ¡’√“¬≈–‡Õ’¬¥¥—ßπ’È :(Àπà«¬ : æ—π∫“∑) ß∫°“√‡ß‘ π‡©æ“–¢Õß∫√‘…—∑œ ß∫°“√‡ß‘π√«¡ 2549 2548 2549 2548 ≈Ÿ°Àπ’È°“√§â“°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…∑— ¬àÕ¬ ∫√‘…—∑ ‡´Áπ∑√—≈´Ÿ‡ªÕ√å ‚µ√å ®”°—¥ 120 135 ∫√‘…—∑ ‡´Áπ∑√—≈æ—∑¬“ ®”°—¥ 203 ∫√‘…—∑ Õÿ¥√ ∫‘Í°´’ ®”°—¥ 1,055 1,030 ∫√‘…—∑ æ‘…≥ÿ‚≈° ∫‘Í°´’ ®”°—¥ 179,190 159,121 ∫√‘…—∑ ∫‘Í°´’ ·ø√’Ë ®”°—¥ 203,657 177,984 ∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ 36 5 ∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ 1,815 172,118 ∫√‘…—∑ ‡™’¬ß„À¡à ∫‘Í°´’ (2001) ®”°—¥ 2,365 4,766 2,496 ∫√‘…—∑ ‡ø≈°´å‡æ¬å ®”°—¥ 390,842 515,254 √«¡≈Ÿ°Àπ’È°“√§â“∫√‘…—∑¬àÕ¬ ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π °≈ÿ¡à ∫√‘…∑— ‡´Áπ∑√—≈ 32,211 19,388 31,576 18,357 18,513 28,396 18,513 28,396 °≈ÿà¡∫√‘…—∑ §“ ‘‚π 50,724 47,784 50,089 46,753 √«¡≈Ÿ°Àπ’È°“√§â“∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π 50,724 47,784 440,931 562,007 √«¡≈Ÿ°Àπ’È°“√§â“°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡´Áπ∑√—≈´Ÿ‡ªÕ√å ‚µ√å ®”°—¥ ∫√‘…—∑ ÿ√“…Æ√å ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ‡ø≈°´å‡æ¬å ®”°—¥ √«¡‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑¬àÕ¬

211,093 38 45 47,191 258,367

338,876 47,191 386,067

‡®â“Àπ’È°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…∑— ¬àÕ¬ ∫√‘…—∑ ‡´Áπ∑√—≈´Ÿ‡ªÕ√å ‚µ√å ®”°—¥ ∫√‘…—∑ Õÿ¥√ ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ æ‘…≥ÿ‚≈° ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ∫‘Í°´’ ·ø√’Ë ®”°—¥ ∫√‘…—∑ ÿ√“…Æ√å ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ æ√–√“¡ 2 ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ∫‘Í°´’ ¥‘ ∑√’∫‘«™—Ëπ ®”°—¥ ∫√‘…—∑ ‡™’¬ß„À¡à ∫‘Í°´’ (2001) ®”°—¥ ∫√‘…—∑ Õ‘π∑ππ∑å ·≈π¥å ®”°—¥ ∫√‘…—∑ ‡´Áπ∑√—≈æ—∑¬“ ®”°—¥ √«¡‡®â“Àπ’È°“√§â“∫√‘…—∑¬àÕ¬

40,660 3,855 1,685 2,482 5,894 42,410 14,322 3,040 453 4,071 7,519 2,389 128,780

21,629 3,000 7,411 1,540 3,941 8,632 4,374 44 20,261 4,160 3,665 78,657

Loans to subsidiary companies Central Superstore Limited Surat Big C Limited Theparak Big C Limited Flexpay Co., Ltd. Total loans to subsidiary companies

211,093 38 45 47,191 258,367

338,876 47,191 386,067

Amounts due to related parties Subsidiary companies Central Superstore Limited Udon Big C Co., Ltd. Pitsanulok Big C Limited Big C Fairy Limited Surat Big C Limited Theparak Big C Limited Chiengrai Big C Co., Ltd. Praram 2 Big C Co., Ltd. Big C Distribution Co., Ltd. Chiang Mai Big C (2001) Co., Ltd. Inthanon Land Co., Ltd. Central Pattaya Co., Ltd. Total amounts due to subsidiary companies

40,660 3,855 1,685 2,482 5,894 42,410 14,322 3,040 453 4,071 7,519 2,389 128,780

21,629 3,000 7,411 1,540 3,941 8,632 4,374 44 20,261 4,160 3,665 78,657

113

As at 31 December 2006 and 2005, the outstanding balances of the above transactions have been separately shown in the balance sheets and consist of the following :(Unit : Thousand Baht) CONSOLIDATED THE COMPANY ONLY 2006 2005 2006 2005 Amounts due from related parties Subsidiary companies Central Superstore Limited 120 135 Central Pattaya Co., Ltd. 203 Udon Big C Co., Ltd. 1,055 1,030 Pitsanulok Big C Limited 179,190 159,121 Big C Fairy Limited 203,657 177,984 Theparak Big C Limited 36 5 Chiengrai Big C Co., Ltd. 1,815 172,118 Chiengmai Big C (2001) Co., Ltd. 2,365 4,766 2,496 Flexpay Co., Ltd. 390,842 515,254 Total amounts due from subsidiary companies Related companies Central group of companies 32,211 19,388 31,576 18,357 18,513 28,396 18,513 28,396 Casino Group 50,724 47,784 50,089 46,753 Total amount due from related companies 50,724 47,784 440,931 562,007 Total amounts due from related parties

ß∫°“√‡ß‘π√«¡ 2549 2548 ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ∫√‘…—∑ ‡´Áπ∑√—≈æ—≤π“ ®”°—¥ (¡À“™π) 13,793 °≈ÿ¡à ∫√‘…∑— ‡´Áπ∑√—≈ 24,862 Distribution Casino - §à“∫√‘À“√®—¥°“√®à“¬ ·≈–§à“„™â®à“¬Õ◊Ëπ 72,455 Casino Guichard - Perrachon - ¥Õ°‡∫’È¬§â“ß®à“¬ 2,573 Casino International - §à“∫√‘À“√®—¥°“√®à“¬ √«¡‡®â“Àπ’È°“√§â“∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π 113,683 √«¡‡®â“Àπ’È°“√§â“°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π 113,683

114

‡ß‘π°Ÿ¬â ¡◊ ®“°∫√‘…∑— ¬àÕ¬ ∫√‘…—∑ ‡´Áπ∑√—≈´Ÿ‡ªÕ√å ‚µ√å ®”°—¥ ∫√‘…—∑ æ‘…≥ÿ‚≈° ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ∫‘Í°´’ ·ø√’Ë ®”°—¥ ∫√‘…—∑ ÿ√“…Æ√å ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ∫‘Í°´’ ¥‘ ∑√’∫‘«™—Ëπ ®”°—¥ ∫√‘…—∑ ‡™’¬ß„À¡à ∫‘Í°´’ (2001) ®”°—¥ √«¡‡ß‘π°Ÿâ¬◊¡®“°∫√‘…—∑¬àÕ¬

‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π Casino Guichard - Perrachon - ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« à«π∑’Ë∂÷ß°”Àπ¥™”√– ¿“¬„π 1 ªï 745,500 - ‡ß‘π°Ÿâ¬◊¡√–¬–¬“« ÿ∑∏‘®“° à«π∑’Ë ∂÷ß°”Àπ¥™”√–¿“¬„π 1 ªï √«¡‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑ 745,500 ∑’‡Ë °’¬Ë «¢âÕß°—π

(Àπà«¬ : æ—π∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2549 2548

28,550 30,714

20,172

24,927

64,052

72,455

64,052

2,279 3,490 129,085 129,085

2,573 95,200 223,980

2,279 3,490 94,748 173,405

4,871 74 90 70,924 697,942 504,072 9,581 301,134 1,588,688

5,915 47,079 359,798 660,990 9,983 284,062 1,367,827

745,500

745,500 745,500

745,500

CONSOLIDATED 2006 2005 Related companies Central Pattana Public Co., Ltd. 13,793 Central Group of Companies 24,862 Distribution Casino -Management fee and other expense 72,455 Casino Guichard - Perrachon - Interest payable 2,573 Casino International - Management fee 113,683 Total amounts due to related companies 113,683 Total amounts due to related parties

Long-term loan from related company Casino Guichard - Perrachon 745,500 - Current portion - of long-term loan - Long-term portion of long-term loan Total long-term loans from related company 745,500

28,550 30,714

20,172

24,927

64,052 2,279 3,490 129,085 129,085

72,455 2,573 95,200 223,980

64,052 2,279 3,490 94,748 173,405

4,871 74 90 70,924 697,942 504,072 9,581 301,134 1,588,688

5,915 47,079 359,798 660,990 9,983 284,062 1,367,827

745,500

745,500 745,500

115

Loans from subsidiary companies Central Superstore Limited Pitsanulok Big C Limited Big C Fairy Limited Surat Big C Limited Theparak Big C Limited Chiang Rai Big C Co., Ltd. Big C Distribution Co., Ltd. Chiang Mai Big C (2001) Co., Ltd. Total loans from subsidiary companies

(Unit : Thousand Baht) THE COMPANY ONLY 2006 2005

116

„π√–À«à“ßªï 2549 ‡ß‘π„Àâ°Ÿâ¬◊¡·≈–‡ß‘π°Ÿâ¬◊¡·°à∫√‘…—∑¬àÕ¬·≈–‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ¡’°“√‡§≈◊ËÕπ‰À«¥—ßµàÕ‰ªπ’È :(Àπà«¬ : æ—π∫“∑) ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë °“√‡§≈◊ËÕπ‰À«„π√–À«à“ßªï ¬Õ¥§ß‡À≈◊Õ ≥ «—π∑’Ë 1 ¡°√“§¡ 2549 ‡æ‘Ë¡¢÷Èπ ≈¥≈ß 31 ∏—π«“§¡ 2549 ‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡´Áπ∑√—≈´Ÿ‡ªÕ√å ‚µ√å ®”°—¥ 338,876 108,786 236,569 211,093 ∫√‘…—∑ Õÿ¥√ ∫‘Í°´’ ®”°—¥ 12,089 12,089 ∫√‘…—∑ æ‘…≥ÿ‚≈° ∫‘Í°´’ ®”°—¥ 1,639,949 1,639,949 ∫√‘…—∑ ∫‘Í°´’ ·ø√’Ë ®”°—¥ 1,809,496 1,809,496 ∫√‘…—∑ ÿ√“…Æ√å ∫‘Í°´’ ®”°—¥ 7,721 7,683 38 ∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ 10,165 10,120 45 ∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ 908,398 908,398 ∫√‘…—∑ æ√–√“¡ 2 ∫‘Í°´’ ®”°—¥ 1,234 1,234 ∫√‘…—∑ ∫‘Í°´’ ¥‘ ∑√’∫‘«™—Ëπ ®”°—¥ 153 153 ∫√‘…—∑ ‡™’¬ß„À¡à ∫‘Í°´’ (2001) ®”°—¥ 25,317 25,317 ∫√‘…—∑ Õ‘π∑ππ∑å ·≈π¥å ®”°—¥ 8,653 8,653 ∫√‘…—∑ ‡ø≈°´å‡æ¬å ®”°—¥ 47,191 39 39 47,191 15,250 15,250 ∫√‘…—∑ ‡´Áπ∑√—≈æ—∑¬“ ®”°—¥ 386,067 4,547,250 4,674,950 258,367 √«¡‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑¬àÕ¬ ‡ß‘π°Ÿ¬â ¡◊ ®“°∫√‘…∑— ¬àÕ¬ ∫√‘…—∑ ‡´Áπ∑√—≈´Ÿ‡ªÕ√å ‚µ√å ®”°—¥ 5,915 ∫√‘…—∑ æ‘…≥ÿ‚≈° ∫‘Í°´’ ®”°—¥ ∫√‘…—∑ ∫‘Í°´’ ·ø√’Ë ®”°—¥ ∫√‘…—∑ ÿ√“…Æ√å ∫‘Í°´’ ®”°—¥ 47,079 ∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ 359,798 ∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ 660,990 ∫√‘…—∑ ∫‘Í°´’ ¥‘ ∑√’∫‘«™—Ëπ ®”°—¥ 9,983 284,062 ∫√‘…—∑ ‡™’¬ß„À¡à ∫‘Í°´’ (2001) ®”°—¥ 1,367,827 √«¡‡ß‘π°Ÿâ¬◊¡®“°∫√‘…—∑¬àÕ¬ ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π 745,500 Casino Guichard - Perrachon √«¡‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑ 745,500 ∑’‡Ë °’¬Ë «¢âÕß°—π

34,883 1,161 778 33,662 1,279,311 314,507 4,838 29,130 1,698,270

35,927 1,087 688 9,817 94 1,167 471,425 5,240 12,058 1,477,409

4,871 74 90 70,924 697,942 504,072 9,581 301,134 1,588,688

745,500

§à“µÕ∫·∑π°√√¡°“√·≈–ºŸâ∫√‘À“√ „πªï 2549 ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬‰¥â®à“¬‡ß‘π‡¥◊Õπ §à“‡∫’È¬ª√–™ÿ¡·≈–º≈µÕ∫·∑πÕ◊Ëπ„Àâ·°à°√√¡°“√·≈–ºŸâ∫√‘À“√‡ªìπ ®”π«π‡ß‘π 117 ≈â“π∫“∑ (‡©æ“–¢Õß∫√‘…—∑œ : 117 ≈â“π∫“∑) (2548 : 110 ≈â“π∫“∑ ‡©æ“–¢Õß∫√‘…—∑œ : 110 ≈â“π∫“∑)

Loans from subsidiary companies Central Superstore Limited 5,915 Pitsanulok Big C Limited Big C Fairy Limited Surat Big C Limited 47,079 Theparak Big C Limited 359,798 Chiang Rai Big C Co., Ltd. 660,990 Big C Distribution Co., Ltd. 9,983 284,062 Chiang Mai Big C (2001) Co., Ltd. Total loans from subsidiary companies 1,367,827 Long-term loan from related company 745,500 Casino Guichard - Perrachon Total long-term loans from related company 745,500

34,883 1,161 778 33,662 1,279,311 314,507 4,838 29,130 1,698,270 -

35,927 1,087 688 9,817 941,167 471,425 5,240 12,058 1,477,409 -

4,871 74 90 70,924 697,942 504,072 9,581 301,134 1,588,688 745,500 745,500

Directors and management没s remuneration In 2006 the Company and its subsidiaries paid salaries, meeting allowances and other remuneration to their directors and management totaling Baht 117 million (The Company only: Baht 117 million) (2005: Baht 110 million, The Company only: Baht 110 million).

117

Movement of loans to and loans from subsidiary companies and long-term loan from related company during the year 2006 are as follows :(Unit : Thousand Baht) Balance as at Movement during the year Balance as at 1 January 2006 Increase Decrease 31 December 2006 Loans to subsidiary companies Central Superstore Limited 338,876 108,786 236,569 211,093 Udon Big C Co., Ltd. 12,089 12,089 Pitsanulok Big C Limited 1,639,949 1,639,949 Big C Fairy Limited 1,809,496 1,809,496 Surat Big C Limited 7,721 7,683 38 Theparak Big C Limited 10,165 10,120 45 Chiang Rai Big C Co., Ltd. 908,398 908,398 Phraram II Big C Co., Ltd. 1,234 1,234 Big C Distribution Co., Ltd. 153 153 Chiang Mai Big C (2001) Co., Ltd. 25,317 25,317 Inthanon Land Co., Ltd. 8,653 8,653 Flexpay Co., Ltd. 47,191 39 39 47,191 15,250 15,250 Central Pattaya Co., Ltd. 386,067 4,547,250 4,674,950 258,367 Total loans to subsidiary companies

8. ‘π§â“§ß‡À≈◊Õ

ß∫°“√‡ß‘π√«¡ 2549 2548 ‘π§â“§ß‡À≈◊Õ 5,247,562 4,833,988 28,179 48,553 ‘π§â“√–À«à“ß∑“ß √«¡ 5,275,741 4,882,541 (294,987) À—° : §à“‡º◊ËÕ ‘π§â“ Ÿ≠À“¬ ≈â“ ¡—¬ ‡ ◊ËÕ¡ ¿“æ(453,185) ‘π§â“§ß‡À≈◊Õ - ÿ∑∏‘ 4,822,556 4,587,554

(Àπà«¬ : æ—π∫“∑) ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ 2549 2548 5,037,246 4,531,053 26,797 36,772 5,064,043 4,567,825 (434,904) (276,567) 4,629,139 4,291,258

9. ≈Ÿ°Àπ’È§à“‡™à“æ◊Èπ∑’Ë·≈–∫√‘°“√

118

≈Ÿ°Àπ’È§à“‡™à“æ◊Èπ∑’Ë·≈–∫√‘°“√ À—° : §à“‡º◊ËÕÀπ’È ß —¬®– Ÿ≠ ≈Ÿ°Àπ’È§à“‡™à“æ◊Èπ∑’Ë·≈–∫√‘°“√ - ÿ∑∏‘

ß∫°“√‡ß‘π√«¡ 2549 2548 598,623 479,549 (54,987) (74,178) 543,636 405,371

10. ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬

≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548 ∫√‘…—∑œ ¡’‡ß‘π≈ß∑ÿπ√–¬–¬“«„πÀÿâπ “¡—≠¢Õß∫√‘…—∑¥—ßµàÕ‰ªπ’È :ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ ªï 2549 (Àπà«¬ : æ—π∫“∑) ∑ÿπ —¥ à«π ‡ß‘π≈ß∑ÿπ ª√–‡¿∑°‘®°“√ ™”√–·≈â« °“√≈ß∑ÿπ «‘∏’√“§“∑ÿπ «‘∏’ à«π‰¥â‡ ’¬ 31 ∏—π«“§¡ 2549 ≈â“π∫“∑ √âÕ¬≈– ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡™’¬ß„À¡à ∫‘Í°´’ (2001) ®”°—¥ À¬ÿ¥¥”‡π‘π°‘®°“√ 300 100.00 601,511 573,209 ∫√‘…—∑ ‡´Áπ∑√—≈ ´Ÿ‡ªÕ√å ‚µ√å ®”°—¥ „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å 1,220 100.00 1,301,999 1,773,040 ·≈–≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ ∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å 80 100.00 380,137 1,391,843 ·≈–≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ ∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å 180 89.99 284,994 736,632 ∫√‘…—∑ ÿ√“…Æ√å ∫‘Í°´’ ®”°—¥ „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å 140 100.00 140,300 404,550 1,000 7,872 ∫√‘…—∑ ∫‘Í°´’ ¥‘ ∑√’∫‘«™—Ëπ ®”°—¥ À¬ÿ¥¥”‡π‘π°‘®°“√ 1 99.99 √«¡‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ 2,709,941 4,887,146

8. INVENTORIES

Inventories Goods in transit Total Less : Provision for shrinkage, obsolete and damage inventories Inventories - net

CONSOLIDATED 2006 2005 5,247,562 4,833,988 28,179 48,553 5,275,741 4,882,541

(Unit : Thousand Baht) THE COMPANY ONLY 2006 2005 5,037,246 4,531,053 26,797 36,772 5,064,043 4,567,825

(453,185) 4,822,556

(434,904) 4,629,139

(294,987) 4,587,554

(276,567) 4,291,258

9. RENTAL AND OTHER SERVICE RECEIVABLE

10. INVESTMENTS IN SUBSIDIARIES ACCOUNTED FOR UNDER EQUITY METHOD

As at 31 December 2006 and 2005, the Company has long-term investments in ordinary shares of the following companies :Year 2006 : The Company Only (Unit : Thousand Baht) Paid-up Equity Investment Type of business share capital interest Cost method Equity method Million Baht % 31 December 2006 Investments in subsidiary companies Chiang Mai Big C (2001) Co., Ltd. Dormant 300 100.00 601,511 573,209 Central Superstore Limited Rental of immovable assets 1,220 100.00 1,301,999 1,773,040 and holding company Theparak Big C Limited Rental of immovable assets 80 100.00 380,137 1,391,843 and holding company Chiang Rai Big C Co., Ltd. Rental of immovable assets 180 89.99 284,994 736,632 Surat Big C Limited Rental of immovable assets 140 100.00 140,300 404,550 1,000 7,872 Big C Distribution Co., Ltd. Dormant 1 99.99 2,709,941 4,887,146 Total investments in subsidiary companies

119

Rental and other service receivable Less : Allowance for doubtful accounts Rental and other service receivable - net

CONSOLIDATED 2006 2005 598,623 479,549 (54,987) (74,178) 543,636 405,371

(Unit : Thousand Baht) THE COMPANY ONLY 2006 2005 565,773 438,257 (49,914) (65,152) 515,859 373,105

πÕ°®“°π’È ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ∫√‘…—∑œ ¡’‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬∑’Ë¡’º≈¢“¥∑ÿπ – ¡‡°‘π∑ÿπ´÷Ëß· ¥ß‡ªìπ √“¬°“√·¬°µà“ßÀ“°„πß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ √ÿª‰¥â¥—ßπ’È :(Àπà«¬ : æ—π∫“∑) ∑ÿπ —¥ à«π ‡ß‘π≈ß∑ÿπ ª√–‡¿∑°‘®°“√ ™”√–·≈â« °“√≈ß∑ÿπ «‘∏’√“§“∑ÿπ «‘∏’ à«π‰¥â‡ ’¬ 31 ∏—π«“§¡ 2549 ≈â“π∫“∑ √âÕ¬≈– º≈¢“¥∑ÿπ∑’Ë‡°‘π°«à“‡ß‘π≈ß∑ÿπ„π ∫√‘…—∑¬àÕ¬´÷Ëß∫—π∑÷°‚¥¬«‘∏’ à«π‰¥â‡ ’¬ 51,000 (6,996) ∫√‘…—∑ ‡ø≈°´å‡æ¬å ®”°—¥ À¬ÿ¥¥”‡π‘π°‘®°“√ 100 51.00 51,000 (6,996) √«¡ ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…—∑œ ªï 2548 ª√–‡¿∑°‘®°“√

120

31 ∏—π«“§¡ 2549 ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬ ∫√‘…—∑ ‡™’¬ß„À¡à ∫‘Í°´’ (2001) ®”°—¥ À¬ÿ¥¥”‡π‘π°‘®°“√ ∫√‘…—∑ ‡´Áπ∑√—≈ ´Ÿ‡ªÕ√å ‚µ√å ®”°—¥ „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å ·≈–≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ ∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å ·≈–≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ ∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ „Àâ‡™à“ ‘π∑√—æ¬å ∫√‘…—∑ ÿ√“…Æ√å ∫‘Í°´’ ®”°—¥ „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å ∫√‘…—∑ ∫‘Í°´’ ¥‘ ∑√’∫‘«™—Ëπ ®”°—¥ À¬ÿ¥¥”‡π‘π°‘®°“√ ∫√‘…—∑ ‡ø≈°´å‡æ¬å ®”°—¥ À¬ÿ¥¥”‡π‘π°‘®°“√ √«¡‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬

∑ÿπ ™”√–·≈â« ≈â“π∫“∑ 300 1,220

(Àπà«¬ : æ—π∫“∑) —¥ à«π ‡ß‘π≈ß∑ÿπ °“√≈ß∑ÿπ «‘∏’√“§“∑ÿπ «‘∏’ à«π‰¥â‡ ’¬ √âÕ¬≈– 100.00 601,511 100.00 1,301,999

580,274 1,686,233

100.00

380,137

1,131,156

180 140 1 100

89.99 100.00 99.99 51.0

162,000 140,300 1,000 51,000 2,637,947

608,557 395,071 7,647 1,187 4,410,125

10.1 ‡¡◊ËÕ«—π∑’Ë 6 ¡°√“§¡ 2548 ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß§◊Õ ∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ ‰¥â‡√’¬°™”√–∑ÿπ®π‡µÁ¡¡Ÿ≈§à“ Àÿπâ ∑”„Àâ∑πÿ ∑’‡Ë √’¬°™”√–·≈â«‡æ‘¡Ë ®“° 57 ≈â“π∫“∑ ‡ªìπ 80 ≈â“π∫“∑ ´÷ßË ∫√‘…∑— œ‰¥â™”√–§à“Àÿπâ ¥—ß°≈à“«‡ªìπ®”π«π 23 ≈â“π∫“∑ 10.2 ‡¡◊ËÕ«—π∑’Ë 22 ‡¡…“¬π 2548 ∫√‘…—∑ ‡∑æ“√—°…å ∫‘Í°´’ ®”°—¥ ‰¥â´◊ÈÕÀÿâπ “¡—≠®“°ºŸâ∂◊ÕÀÿâπ‡¥‘¡„π∫√‘…—∑ ∫‘Í°´’ ·ø√’Ë ®”°—¥ ‡ªìπ®”π«π 70,000 Àÿâπ (´÷Ëß¡’¡Ÿ≈§à“µ√“‰«âÀÿâπ≈– 100 ∫“∑) „π√“§“ª√–¡“≥ 17.4 ≈â“π∫“∑®“°º≈¥—°≈à“«∑”„Àâ Õ—µ√“ à«π°“√∂◊ÕÀÿâπ„π∫√‘…—∑¬àÕ¬·Ààßπ’È‡æ‘Ë¡¢÷Èπ®“°‡¥‘¡√âÕ¬≈– 95.23 ‡ªìπ√âÕ¬≈– 96.82 º≈®“°°“√´◊ÈÕÀÿâπ “¡—≠‡æ‘Ë¡‡µ‘¡ ¥—ß°≈à“«∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬‰¥â∫π— ∑÷°¡Ÿ≈§à“¬ÿµ∏‘ √√¡¢Õß ‘π∑√—æ¬å ∑ÿ ∏‘´ß÷Ë µË”°«à“√“§“∑ÿπ∑’´Ë Õ◊È Àÿπâ “¡—≠¢Õß∫√‘…∑— ‡ªìπ®”π«π √«¡ª√–¡“≥ 12 ≈â“π∫“∑ ‰«â„π à«π¢ÕßºŸ∂â Õ◊ Àÿπâ „πß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…∑— œ¿“¬„µâÀ«— ¢âÕ ç à«π‡°‘π¢Õß ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬´÷Ëß‡°‘¥®“°°“√´◊ÈÕ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬‡æ‘Ë¡‡µ‘¡„π√“§“∑’Ë Ÿß°«à“¡Ÿ≈§à“µ“¡∫—≠™’¢Õß∫√‘…—∑¬àÕ¬ ≥ «—π´◊ÈÕ é 10.3 ‡¡◊ËÕ«—π∑’Ë 1 æƒ…¿“§¡ 2548 ∫√‘…—∑œ‰¥â´◊ÈÕ°‘®°“√¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß§◊Õ ∫√‘…—∑ ‡™’¬ß„À¡à ∫‘Í°´’ (2001) ®”°—¥ ‚¥¬°“√´◊ÕÈ ‘π§â“§ß‡À≈◊Õ·≈– —ßÀ“√‘¡∑√—æ¬å‡ªìπ®”π«π‡ß‘πª√–¡“≥ 118.4 ≈â“π∫“∑ ·≈– 40.38 ≈â“π∫“∑ µ“¡≈”¥—∫

10.1 On 6 January 2005, Teparak Big C Limited, a subsidiary company, calls up payment of the full value of its shares, increasing its paid-up share capital from Baht 57 million to Baht 80 million.The Company has already paid in such share capital, amounting to Baht 23 million. 10.2 On 22 April 2005, Teparak Big C Limited purchases 70,000 ordinary shares (par value of Baht 100 each) from the existing shareholder of Big C Fairy Co., Ltd. at the amount of approximately Baht 17.4 million. As a result of this, the equity interest of the Company in this subsidiary has increased from 95.23 percent to 96.82 percent. The Company and its subsidiaries recorded the excess of the fair values of the acquisition cost of the ordinary shares over the fair value of the attributable net assets of the subsidiary companies, totally amounting to Baht 12 million, in shareholdersû equity in both the consolidated financial statements and the financial statements of the Company only, under the caption of çExcess of investments in subsidiary companies arising as a result of additional purchase of investments in the subsidiary companies at a price higher than the net book value of the subsidiary companies at the acquisition dateé. 10.3 On 1 May 2005, the Company has acquired the operation of its subsidiary, Chaing Mai Big C (2001) Co., Ltd. by purchasing its inventories and movable assets at selling price of Baht 118.4 million and 40.38 million, respectively.

121

In addition, as at 31 December 2006, the investment in a subsidiary company with deficit in shareholdersû equity which presented as separate item in the Companyûs financial statements is as follows :(Unit : Thousand Baht) Paid-up Equity Investment Type of business share capital interest Cost method Equity method Million Baht % 31 December 2006 Excess for loss over cost of investment in a subsidiary company accounted for equity method 51,000 (6,996) Flexpay Co., Ltd. Dormant 100 51.00 51,000 (6,996) Total Year 2005 : The Company Only (Unit : Thousand Baht) Paid-up Equity Investment Type of business share capital interest Cost method Equity method Million Baht % 31 December 2006 Investments in subsidiary companies Chiang Mai Big C (2001) Co., Ltd. Retail 300 100.00 601,511 580,274 Central Superstore Limited Rental of immovable assets 1,220 100.00 1,301,999 1,686,233 and holding company Theparak Big C Limited Rental of immovable assets 80 100.00 380,137 1,131,156 and holding company Chiang Rai Big C Co., Ltd. Retail 180 89.99 162,000 608,557 Surat Big C Limited Rental of immovable assets 140 100.00 140,300 395,071 Big C Distribution Co., Ltd. Dormant 1 99.99 1,000 7,647 51,000 1,187 Flexpay Co., Ltd. Dormant 100 51.00 2,637,947 4,410,125 Total investments in subsidiary companies

10.4 ‡¡◊ËÕ«—π∑’Ë 24 ¡‘∂ÿπ“¬π 2548 ∫√‘…—∑œ‰¥â¢“¬Àÿâπ “¡—≠®”π«π 8,404,994 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 100 ∫“∑ „π∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß„Àâ°—∫∫√‘…—∑¬àÕ¬Õ’°·ÀàßÀπ÷Ëß‡ªìπ®”π«π‡ß‘πª√–¡“≥ 874 ≈â“π∫“∑ 10.5 ‡¡◊ËÕ«—π∑’Ë 26 ¡°√“§¡ 2549 ∫√‘…—∑œ‰¥â´◊ÈÕÀÿâπ “¡—≠®“°ºŸâ∂◊ÕÀÿâπ‡¥‘¡„π∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ ‡ªìπ®”π«π 1.8 ≈â“πÀÿâπ (´÷Ëß¡’¡Ÿ≈§à“µ√“‰«âÀÿâπ≈– 10 ∫“∑) „π√“§“ª√–¡“≥ 123 ≈â“π∫“∑®“°º≈¥—ß°≈à“«∑”„ÀâÕ—µ√“ à«π°“√∂◊ÕÀÿâπ „π∫√‘…—∑¬àÕ¬·Ààßπ’È‡æ‘Ë¡¢÷Èπ®“°‡¥‘¡√âÕ¬≈– 90 ‡ªìπ√âÕ¬≈– 100 º≈®“°°“√ ´◊ÈÕÀÿâπ “¡—≠‡æ‘Ë¡‡µ‘¡¥—ß°≈à“« ∫√‘…—∑œ‰¥â∫—π∑÷° ¡Ÿ≈§à“¬ÿµ‘∏√√¡¢Õß ‘π∑√—æ¬å ÿ∑∏‘´÷ËßµË”°«à“√“§“∑ÿπ∑’Ë´◊ÈÕÀÿâπ “¡—≠¢Õß∫√‘…—∑¬àÕ¬‡ªìπ®”π«π√«¡ª√–¡“≥ 54 ≈â“π∫“∑ ‰«â „π à«π¢Õß ºŸ∂â Õ◊ Àÿπâ „πß∫°“√‡ß‘π√«¡·≈–ß∫°“√‡ß‘π‡©æ“–¢Õß∫√‘…∑— œ¿“¬„µâÀ«— ¢âÕ ç à«π‡°‘π¢Õß‡ß‘π≈ß∑ÿπ„π∫√‘…∑— ¬àÕ¬´÷ßË ‡°‘¥ ®“°°“√´◊ÈÕ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑¬àÕ¬‡æ‘Ë¡‡µ‘¡„π√“§“∑’Ë Ÿß°«à“¡Ÿ≈§à“µ“¡∫—≠™’¢Õß∫√‘…—∑¬àÕ¬ ≥ «—π´◊ÈÕ é 10.6 ‡¡◊ËÕ«—π∑’Ë 1 ‡¡…“¬π 2549 ∫√‘…—∑œ‰¥â´◊ÈÕ°‘®°“√¢Õß∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß§◊Õ ∫√‘…—∑ ‡™’¬ß√“¬ ∫‘Í°´’ ®”°—¥ ‚¥¬ °“√´◊ÈÕ ‘π§â“§ß‡À≈◊Õ·≈– —ßÀ“√‘¡∑√—æ¬å‡ªìπ®”π«π‡ß‘πª√–¡“≥ 112 ≈â“π∫“∑ ·≈– 29 ≈â“π∫“∑ µ“¡≈”¥—∫ 10.7 „π√–À«à“ßªï ∫√‘…—∑¬àÕ¬¥—ß°≈à“«¢â“ßµâπ‰¡à¡’°“√ª√–°“»®à“¬‡ß‘πªíπº≈ 11. ‡ß‘π≈ß∑ÿπ√–¬–¬“«Õ◊Ëπ

122

≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548 ∫√‘…—∑œ¡’‡ß‘π≈ß∑ÿπ√–¬–¬“«„πÀÿâπ “¡—≠¢Õß∫√‘…—∑¥—ßµàÕ‰ªπ’È :(Àπà«¬ : æ—π∫“∑) ∑ÿπ —¥ à«π ‡ß‘π≈ß∑ÿπ ª√–‡¿∑°‘®°“√ ™”√–·≈â« °“√≈ß∑ÿπ «‘∏’√“§“∑ÿπ 31 ∏—π«“§¡ 2549 ·≈– 2548 ≈â“π∫“∑ √âÕ¬≈– ‡ß‘π≈ß∑ÿπ„π∫√‘…—∑Õ◊Ëπ ∫√‘…—∑ ‡µµ— °√ÿäª ®”°—¥ À¬ÿ¥¥”‡π‘π°‘®°“√ 50 1.00 490 (490) À—° : §à“‡º◊ËÕ°“√≈¥¡Ÿ≈§à“¢Õß‡ß‘π≈ß∑ÿπ ÿ∑∏‘ -

10.4 On 24 June 2005, the Company has sold its investment in a subsidiary company consisting of 8,404,994 ordinary shares of Baht 100 each to other subsidiary for approximately Baht 874 million. 10.5 On 26 January 2006, the Company purchases 1.8 million of ordinary shares (par value of Baht 10 each) from the existing shareholder of Chiengrai Big C Co., Ltd. at the amount of approximately Baht 123 million. As a result of this, the equity interest of the Company in this subsidiary has increased from 90 percent to 100 percent. The Company recorded the excess of the fair values of the acquisition cost of the ordinary shares over the fair value of the attributable net assets of the subsidiary company, totally amounting to Baht 54 million, in shareholdersû equity in both the consolidated financial statements and the financial statements of the Company only, under the caption of çExcess of investments in subsidiary companies arising as a result of additional purchase of investments in the subsidiary companies at a price higher than the net book value of the subsidiary companies at the acquisition dateé. 10.6 On 1 April 2006, the Company has acquired the operation of its subsidiary, Chaing Rai Big C Co., Ltd. by purchasing its inventories and movable assets as a selling price of Baht 112 million and 29 million, respectively. 10.7 During the year, there is no dividend payment from the aforementioned subsidiary companies

As at 31 December 2006 and 2005, the Company has long-term investments in ordinary shares of the following companies :(Unit : Thousand Baht) Paid-up Equity Investment Type of business share capital interest Cost method Million Baht % 31 December 2006 and 2005 Investments in other companies Status Group Co., Ltd. Dormant 50 1.00 490 (490) Less : allowance for unrealized loss on decline in value Net -

123

11. OTHER LONG-TERM INVESTMENTS

124 12. ∑’Ë¥‘π Õ“§“√·≈–Õÿª°√≥å ß∫°“√‡ß‘π√«¡

(Àπà«¬ : ∫“∑) ‘π∑√—æ¬å´÷Ëß· ¥ß µ“¡√“§“∑’Ëµ’„À¡à ∑’Ë¥‘π √“§“∑ÿπ/√“§“∑’Ëµ’„À¡à : ≥ 31 ∏—π«“§¡ 2548 4,701,552,404 ´◊ÈÕ‡æ‘Ë¡/‚Õπ‡¢â“ 619,515,925 ®”Àπà“¬/‚ÕπÕÕ° /µ—¥®”Àπà“¬ ≥ 31 ∏—π«“§¡ 2549 5,321,068,329 §à“‡ ◊ËÕ¡√“§“ – ¡ : ≥ 31 ∏—π«“§¡ 2548 §à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï §à“‡ ◊ËÕ¡√“§“¢Õß à«π∑’Ë®”Àπà“¬/ ‚ÕπÕÕ°/µ—¥®”Àπà“¬ ≥ 31 ∏—π«“§¡ 2549 §à“‡º◊ËÕ°“√¥âÕ¬§à“ : §à“‡º◊ËÕ°“√¥âÕ¬§à“√–À«à“ßªï ≥ 31 ∏—π«“§¡ 2549 ¡Ÿ≈§à“ ÿ∑∏‘µ“¡∫—≠™’ : ≥ 31 ∏—π«“§¡ 2548 4,701,552,404 ≥ 31 ∏—π«“§¡ 2549 5,321,068,329 §à“‡ ◊ÕË ¡√“§“ ”À√—∫ªï: ªï 2548 ªï 2549

‘π∑√—æ¬å´÷Ëß· ¥ßµ“¡√“§“∑ÿπ ‘∑∏‘°“√‡™à“·≈– à«πª√—∫ª√ÿß

à«πª√—∫ª√ÿß ∑’Ë¥‘π

Õ“§“√·≈– ‡§√◊ËÕßµ°·µàß à«πª√—∫ª√ÿß µ‘¥µ—ßÈ ·≈–Õÿª°√≥å

√–∫∫ “∏“√≥Ÿª‚¿§

ß“π√–À«à“ß°àÕ √â“ß ·≈–‚§√ß°“√ ¬“πæ“Àπ– √–À«à“ßæ—≤π“

√«¡

4,911,677,865 659,267,661

32,311,974 9,266,363,890 4,390,333,473 5,579,021,425 5,833,085 792,049,485 746,698,344 698,080,547

9,527,844 271,360

497,798,703 29,388,587,578 280,321,737 3,802,038,144

(246,500,000) 5,324,445,526

(175,680,128) (5,365,832) 38,145,059 10,058,413,375 4,961,351,689 6,271,736,140

(5,069,962) 4,729,242

(432,615,922) 778,120,440 32,758,009,800

1,337,542,128 245,473,891

18,452,588 2,886,113,638 2,797,916,014 2,203,787,232 4,373,169 545,468,440 712,086,989 427,153,385

7,629,037 894,645

9,251,440, 1,935,450,519

(235,000,000) 1,348,016,019

(114,440,198) (4,786,960) 22,825,757 3,431,582,078 3,395,562,805 2,626,153,657

(4,634,824) 3,888,858

(358,861,982) 10,828,029,174

3,574,135,737 3,976,429,507

(2,266,911) (2,266,911)

(1,425,173) (1,425,173)

(4,228,177) (4,228,177)

13,859,386 6,380,250,252 1,592,417,459 3,375,234,193 15,319,302 6,624,564,386 1,564,363,711 3,641,354,306

1,898,807 840,384

(6,951,175) (14,871,436) (6,951,175) (14,871,436) 497,798,703 20,137,146,941 771,169,265 21,915,109,190 1,839,913,589 1,935,450,519

12. PROPERTY, PLANT AND EQUIPMENT Consolidated

(Unit : Baht) Assets carried at the revaluedĂ amount

Assets carried at cost

Leasehold rights Land and improvements

Utility systems

Construction in progress andprojects under Vehicles developments

Total

4,911,677,865 659,267,661 (246,500,000) 5,324,445,526

32,311,974 9,266,363,890 4,390,333,473 5,579,021,425 5,833,085 792,049,485 746,698,344 698,080,547 - (175,680,128) (5,365,832) 38,145,059 10,058,413,375 4,961,351,689 6,271,736,140

9,527,844 271,360 (5,069,962) 4,729,242

1,337,542,128

18,452,588 2,886,113,638 2,797,916,014 2,203,787,232

7,629,037

9,251,440,

427,153,385

894,645

1,935,450,519

- (114,440,198) (4,786,960) 22,825,757 3,431,582,078 3,395,562,805 2,626,153,657

(4,634,824) 3,888,858

(358,861,982) 10,828,029,174

245,473,891 (235,000,000) 1,348,016,019 3,574,135,737 3,976,429,507

4,373,169

545,468,440

(2,266,911) (2,266,911)

712,086,989

(1,425,173) (1,425,173)

(4,228,177) (4,228,177)

13,859,386 6,380,250,252 1,592,417,459 3,375,234,193 15,319,302 6,624,564,386 1,564,363,711 3,641,354,306

1,898,807 840,384

497,798,703 29,388,587,578 280,321,737 3,802,038,144 (432,615,922) 778,120,440 32,758,009,800

(6,951,175) (14,871,436) (6,951,175) (14,871,436) 497,798,703 20,137,146,941 771,169,265 21,915,109,190 1,839,913,589 1,935,450,519

125

Cost/Reappraised values : As at 31 December 2005 4,701,552,404 Acquisitions/Transfer in 619,515,925 Disposals/Transfer out As at 31 December 2006 5,321,068,329 Accumulated depreciation : As at 31 December 2005 Depreciation charged during the year Depreciation of disposals/ Transfer out/Written off As at 31 December 2006 Allowance for impairment : Increase during the year As at 31 December 2006 Net book value : As at 31 December 2005 4,701,552,404 As at 31 December 2006 5,321,068,329 Depreciation for the year : 2005 2006

Land Building Furniture,fixture and improvements and improvements office equipment

(Àπà«¬ : ∫“∑) ‘π∑√—æ¬å´÷Ëß· ¥ßµ“¡√“§“∑ÿπ

∑’Ë¥‘π √“§“∑ÿπ/√“§“∑’Ëµ’„À¡à : ≥ 31 ∏—π«“§¡ 2548 2,893,475,616 ´◊ÈÕ‡æ‘Ë¡/‚Õπ‡¢â“ 619,515,925 ®”Àπà“¬/‚ÕπÕÕ°/ µ—¥®”Àπà“¬ ≥ 31 ∏—π«“§¡ 2549 3,512,991,541 §à“‡ ◊ËÕ¡√“§“ – ¡ : ≥ 31 ∏—π«“§¡ 2548 §à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï §à“‡ ◊ÕË ¡√“§“¢Õß à«π∑’Ë ®”Àπà“¬/‚ÕπÕÕ°/µ—¥®”Àπà“¬ ≥ 31 ∏—π«“§¡ 2549 §à“‡º◊ËÕ°“√¥âÕ¬§à“ : §à“‡º◊ËÕ°“√¥âÕ¬§à“√–À«à“ßªï ≥ 31 ∏—π«“§¡ 2549 ¡Ÿ≈§à“ ÿ∑∏‘µ“¡∫—≠™’ : ≥ 31 ∏—π«“§¡ 2548 2,893,475,616 ≥ 31 ∏—π«“§¡ 2549 3,512,991,541 §à“‡ ◊ËÕ¡√“§“ ”À√—∫ªï : ªï 2548 ªï 2549

‘∑∏‘°“√‡™à“·≈– à«πª√—∫ª√ÿß

à«πª√—∫ª√ÿß ∑’Ë¥‘π

Õ“§“√·≈– à«πª√—∫ª√ÿß

‡§√◊ÕË ßµ°·µàß µ‘¥µ—Èß·≈–Õÿª°√≥å

ß“π√–À«à“ß°àÕ √â“ß ·≈–‚§√ß°“√ ¬“πæ“Àπ– √–À«à“ßæ—≤π“

√–∫∫ “∏“√≥Ÿª‚¿§

√«¡

4,594,412,949 659,267,661

11,893,958 6,364,697,170 3,960,273,739 4,281,837,507 5,833,085 772,382,659 790,596,358 665,884,577

9,491,844 271,360

472,627,161 22,588,709,944 305,056,073 3,818,807,69

(246,500,000) 5,007,180,610

(112,372,471) (3,204,288) 17,727,043 7,137,079,829 4,638,497,626 4,944,517,796

(5,057,962) 4,705,242

(367,134,721) 777,683,234 26,040,382,921

1,176,066,970 238,531,062

5,955,686 1,507,173,698 2,477,196,111 1,412,659,946 2,702,061 382,672,729 687,650,659 365,966,666

7,606,837 889,245

6,586,659,248 1,678,412,422

(235,000,000) 1,179,598,032

(40,353,988) (2,212,760) 8,657,747 1,889,846,427 3,124,492,782 1,776,413,852

(4,626,824) 3,869,258

(282,193,572) 7,982,878,098

3,418,345,979 3,827,582,578

(2,266,911) (2,266,911)

(1,425,173)(4,228,177) (1,425,173)(4,228,177)

5,938,272 4,857,523,472 1,483,077,628 2,869,177,561 9,069,296 5,244,966,491 1,512,579,671 3,163,875,767

1,885,007 835,984

(6,951,175)

(14,871,436)

(6,951,175) (14,871,436) 472,627,16 16,002,050,696 770,732,059 18,042,633,387 1,549,256,878 1,678,412,422

The Company Only

(Unit : Baht) Assets carried at cost

Cost/Reappraised values : As at 31 December 2005 2,893,475,616 4,594,412,949 Acquisitions/Transfer in 619,515,925 659,267,661 Disposals/Transfer out (246,500,000) As at 31 December 2006 3,512,991,541 5,007,180,610

Accumulated depreciation : As at 31 December 2005 Depreciation charged during the year Depreciation of disposals/ Transfer out/Written off As at 31 December 2006 Allowance for impairment : Increase during the year As at 31 December 2006 Net book value : As at 31 December 2005 2,893,475,616 As at 31 December 2006 3,512,991,541 Depreciation for the year : 2005 2006

1,176,066,970 238,531,062 (235,000,000) 1,179,598,032 3,418,345,979 3,827,582,578

Land improvements

Building andFurniture,fixture and improvements office equipment

Utility systems

Construction in progress andprojects under Vehicles developments

Total

11,893,958 6,364,697,170 3,960,273,739 4,281,837,507 5,833,085 772,382,659 790,596,358 665,884,577 - (112,372,471) (3,204,288) 17,727,043 7,137,079,829 4,638,497,626 4,944,517,796

9,491,844 271,360 (5,057,962) 4,705,242

472,627,161 22,588,709,944 305,056,073 3,818,807,69 - (367,134,721) 777,683,234 26,040,382,921

5,955,686 1,507,173,698 2,477,196,111 1,412,659,946

7,606,837

- 6,586,659,248

365,966,666

889,245

- 1,678,412,422

- (40,353,988) (2,212,760) 8,657,747 1,889,846,427 3,124,492,782 1,776,413,852

(4,626,824) 3,869,258

- (282,193,572) - 7,982,878,098

2,702,061

382,672,729

(2,266,911) (2,266,911)

687,650,659

(1,425,173) (1,425,173)

(4,228,177) (4,228,177)

(6,951,175) (14,871,436)

5,938,272 4,857,523,472 1,483,077,628 2,869,177,561 9,069,296 5,244,966,491 1,512,579,671 3,163,875,767

1,885,007 835,984

472,627,16 16,002,050,696 770,732,059 18,042,633,387

(6,951,175)

(14,871,436)

1,549,256,878 1,678,412,422

127

Land

Leasehold rights and improvements

≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬¡’ ‡§√◊ËÕßµ°·µàßµ‘¥µ—Èß·≈–Õÿª°√≥å·≈–¬“πæ“Àπ–®”π«πÀπ÷Ëß ´÷Ëßµ—¥§à“‡ ◊ËÕ¡√“§“À¡¥·≈â«·µà¬—ß„™âß“πÕ¬Ÿà √“§“∑ÿπ°àÕπ À—°§à“‡ ◊ËÕ¡√“§“ – ¡√«¡¢Õß ‘π∑√—æ¬å¥—ß°≈à“«¡’®”π«π 3,117≈â“π∫“∑ (2548 : 2,177 ≈â“π∫“∑) (ß∫°“√‡ß‘π ‡©æ“–∫√‘…—∑œ®”π«πª√–¡“≥ 2,303 ≈â“π∫“∑ (2548 : 1,327 ≈â“π∫“∑) À“°∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬· ¥ß¡Ÿ≈§à“∑’Ë¥‘π¥—ß°≈à“« ¥â«¬√“§“∑ÿπ ¡Ÿ≈§à“ ÿ∑∏‘µ“¡∫—≠™’ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548 ®–‡ªìπ¥—ßπ’È

As at 31 December 2006, certain furniture, fixture, office equipment and vehicles items have been fully depreciation but are still in use. The original cost before deducting accumulated depreciation, of those assets amounted to Baht 3,117 million (2005 : Baht 2,177 million) (the Company only : Baht 2,303 million (2005 : Baht 1,327 million). Had the Company and its subsidiaries presented the land at cost, the net book value as at 31 December 2006 and 2005 would have been as follows :-

(Àπà«¬ : ∫“∑) ∑’¥Ë π‘

(Unit : Baht) Land

ß∫°“√‡ß‘π√«¡ Consolidated ¡Ÿ≈§à“ ÿ∑∏‘µ“¡∫—≠™’ (µ“¡«‘∏’√“§“∑ÿπ) Net book value (presented at cost) ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 4,937,708,644 As at 31 December 2006 4,937,708,644 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 3,897,563,955 As at 31 December 2005 3,897,563,955

128

13. ‡ß‘π‡∫‘°‡°‘π∫—≠™’∏π“§“√·≈–‡ß‘π°Ÿâ¬◊¡®“° ∂“∫—π °“√‡ß‘π

≥ «—π∑’Ë 31 ∏—π«“§¡ 2548 ∫√‘…—∑œ¡’‡ß‘π°Ÿâ√–¬– —Èπ ®”π«π 750 ≈â“π∫“∑ ∑’Ë‰¥â√—∫®“° “¢“¢Õß∏π“§“√µà“ß ª√–‡∑»À≈“¬·Ààß ´÷Ëß§‘¥Õ—µ√“¥Õ°‡∫’È¬„πÕ—µ√“√âÕ¬≈– 3.48 - 3.55 µàÕªï ·≈–¡’°”Àπ¥™”√–§◊π¿“¬„π‡¥◊Õπ‡¡…“¬π 2549 ∫√‘…—∑œ‰¥â™”√–§◊π‡ß‘π°Ÿâ¬◊¡¥—ß°≈à“«·≈â«„π‡¥◊Õπ ‡¡…“¬π 2549 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬‰¥â∑” —≠≠“‡ß‘π‡∫‘°‡°‘π∫—≠™’·≈–¡’«ß‡ß‘π ‘π‡™◊ËÕ°—∫ ∂“∫—π°“√ ‡ß‘π„πª√–‡∑»À≈“¬·Ààß·≈– “¢“¢Õß∏π“§“√µà“ßª√–‡∑» À≈“¬·Ààß„π«ß‡ß‘π√«¡ª√–¡“≥ 7,413 ≈â“π∫“∑ (2548 : 8,209 ≈â“π∫“∑) ‡©æ“–¢Õß∫√‘…—∑œ : ®”π«π‡ß‘π 7,230 ≈â“π∫“∑ (2548 : 8,020 ≈â“π∫“∑) ‡ß‘π‡∫‘°‡°‘π∫—≠™’π’È¡’ Õ—µ√“¥Õ°‡∫’È¬„πÕ—µ√“∑’Ë∏π“§“√§‘¥°—∫≈Ÿ°§â“™—Èπ¥’ ¿“¬„µâ‡ß◊ËÕπ‰¢¢Õß —≠≠“‡ß‘π°Ÿâ¬◊¡¢â“ßµâπ ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬®–µâÕßªØ‘∫—µ‘µ“¡‡ß◊ËÕπ‰¢·≈–¢âÕ®”°—¥µà“ßÊ ∑’Ë°”Àπ¥„π —≠≠“¥—ß°≈à“«

13. BANK OVERDRAFTS AND LOANS FROM FINANCIAL INSTITUTIONS

As at 31 December 2005, the Company had a short-term loan from banks of Baht 750 million with the interest rate charged at 3.48 - 3.55 percent per annum, the loan will be paid within April 2006. The repayment of this loan has made in April 2006. As at 31 December 2006, the Company and its subsidiaries entered into overdraft and credit facilities agreements with local financial institutions and branches of foreign banks totaling approximately Baht 7,413 million (2005 : Baht 8,209 million) the Company only : Baht 7,230 million (2005 : Baht 8,020 million). Bank overdraft bears interest at the rate of Minimum Overdraft Rate. Under the terms of the above agreements, the Company and its subsidiaries must comply with certain conditions and restrictions stipulated in the agreements.

14. ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π

14. LONG-TERM LOAN FROM RELATED COMPANY

(Àπà«¬ : æ—π∫“∑) 2549 2548 ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“° ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π 745,500 ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑ ∑’Ë‡°’Ë¬«¢âÕß°—π - à«π∑’Ë∂÷ß °”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï (745,500) ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“° ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π ÿ∑∏‘®“° à«π∑’Ë∂÷ß °”Àπ¥™”√–¿“¬„πÀπ÷Ëßªï

(Unit : Thousand Baht) 2006 2005

Long-term loan from 745,500 related company Current portion of long-term loan from related company Long-term loan from related company net of current portion 745,500

15. ∑ÿπ‡√◊ÕπÀÿπâ

‡¡◊ÕË «—π∑’Ë 10 ¡°√“§¡ 2548 ∫√‘…∑— œ‰¥â®¥∑–‡∫’¬π°“√ ‡æ‘¡Ë ∑ÿπÕÕ°®”Àπà“¬·≈–‡√’¬°™”√–·≈â«°—∫°√–∑√«ßæ“≥‘™¬å (®“°‡¥‘¡ 8,009.4 ≈â“π∫“∑ ‡ªìπ 8,009.6 ≈â“π∫“∑) ´÷Ëß ∑ÿ π ∑’Ë ‡ æ‘Ë ¡ ¥— ß °≈à “ «‡°‘ ¥ ®“°°“√„™â ‘ ∑ ∏‘ µ “¡„∫ ”§— ≠ · ¥ß ‘∑∏‘®”π«π 25,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑§‘¥‡ªìπ ®”π«π‡ß‘πª√–¡“≥ 0.25 ≈â“π∫“∑ ‡¡◊ËÕ«—π∑’Ë 5 ‡¡…“¬π 2548 ∫√‘…—∑œ‰¥â®¥∑–‡∫’¬π °“√‡æ‘Ë ¡ ∑ÿ π ÕÕ°®”Àπà “ ¬·≈–‡√’¬ °™”√–·≈â«°—∫ °√–∑√«ß æ“≥‘™¬å (®“°‡¥‘¡ 8,009.6 ≈â“π∫“∑ ‡ªìπ 8,011.1 ≈â“π∫“∑) ´÷Ëß∑ÿπ∑’Ë‡æ‘Ë¡¥—ß°≈à“«‡°‘¥®“°°“√„™â ‘∑∏‘µ“¡„∫ ”§—≠· ¥ß ‘∑∏‘®”π«π 147,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑§‘¥‡ªìπ ®”π«π‡ß‘πª√–¡“≥ 1.47 ≈â“π∫“∑

(745,500)

745,500

On 10 June 2004, the Company entered into the loan agreement of EURO 15 million with the foreign related company. The loan is bear interest rate of the 6-month EURIBOR rate plus 1 percent per annum. The loan will be repayable within 3 years with a semi-annual interest payment. However, the Company entered into cross-currency swap contracts with the branches of the foreign bank to swap the above loan to Baht 745.5 million. The repayment schedule of principal and interest are the same as stipulated in the above loan agreement. The loan bears interest at the rate of THB-THBFIX rate plus agreed rate with the bank. The cross currency swap contracts of EURO 15 million are guaranteed by a shareholder. 15. SHARE CAPITAL

On 10 January 2005, the Company registered an increase in its issued and paid up share capital (from Baht 8,009.4 million to Baht 8,009.6 million) with the Ministry of Commerce due to the exercise of warrants to purchase 25,000 shares of Baht 10 each totalling approximately Baht 0.25 million. On 5 April 2005, the Company registered an increase in its issued and paid up share capital (from Baht 8,009.6 million to Baht 8,011.1 million) with the Ministry of Commerce due to the exercise of warrants to purchase 147,000 shares of Baht 10 each totalling approximately Baht 1.47 million.

129

‡¡◊ËÕ«—π∑’Ë 10 ¡‘∂ÿπ“¬π 2547 ∫√‘…—∑œ‰¥â∑” —≠≠“ °Ÿâ¬◊¡‡ß‘π®“°∫√‘…—∑µà“ßª√–‡∑»∑’Ë‡°’Ë¬«¢âÕß°—π®”π«π 15 ≈â“π¬Ÿ‚√ ‚¥¬§‘¥¥Õ°‡∫’È¬„πÕ—µ√“ EURIBOR 6 ‡¥◊Õπ∫«° √âÕ¬≈– 1 µàÕªï ·≈–¡’°”Àπ¥™”√–§◊π‡ß‘π°Ÿâ¬◊¡∑—ÈßÀ¡¥¿“¬„π 3 ªï ‚¥¬™”√–¥Õ°‡∫’È¬‡ªìπ√“¬§√÷Ëßªï Õ¬à“ß‰√°Áµ“¡ ∫√‘…—∑œ ‰¥â∑” —≠≠“·≈°‡ª≈’Ë¬π °ÿ≈‡ß‘π (Cross-currency swap contract) °—∫ “¢“¢Õß∏π“§“√µà“ßª√–‡∑» Õß·Ààß ”À√—∫ ‡ß‘π°Ÿâ∑—ÈßÀ¡¥‡ªìπ‡ß‘π∫“∑®”π«π 745.5 ≈â“π∫“∑ ‚¥¬¡’ √–¬–‡«≈“„π°“√™”√–§◊π‡ß‘π°Ÿâ¬◊¡·≈–¥Õ°‡∫’È¬µ“¡∑’Ë√–∫ÿ‰«â „π —≠≠“‡ß‘π°Ÿâ¬◊¡¢â“ßµâπ ·≈–§‘¥¥Õ°‡∫’È¬„πÕ—µ√“ THBTHBFIX ∫«°Õ—µ√“√âÕ¬≈–µ“¡∑’Ëµ°≈ß°—∫∏π“§“√ —≠≠“·≈°‡ª≈’Ë¬π °ÿ≈‡ß‘π¥—ß°≈à“«®”π«π 15 ≈â“π¬Ÿ‚√ §È”ª√–°—π‚¥¬ºŸâ∂◊ÕÀÿâπ√“¬Àπ÷Ëß

745,500

130

‡¡◊ËÕ«—π∑’Ë 5 °√°Æ“§¡ 2548 ∫√‘…—∑œ‰¥â®¥∑–‡∫’¬π °“√‡æ‘Ë ¡ ∑ÿ π ÕÕ°®”Àπà “ ¬·≈–‡√’ ¬ °™”√–·≈â «°— ∫°√–∑√«ß æ“≥‘™¬å (®“°‡¥‘¡ 8,011.1 ≈â“π∫“∑ ‡ªìπ 8,012.6 ≈â“π∫“∑) ´÷Ëß∑ÿπ∑’Ë‡æ‘Ë¡¥—ß°≈à“«‡°‘¥®“°°“√„™â ‘∑∏‘µ“¡„∫ ”§—≠· ¥ß ‘∑∏‘®”π«π 150,000 Àÿπâ ¡Ÿ≈§à“Àÿπâ ≈– 10 ∫“∑ §‘¥‡ªìπ®”π«π‡ß‘πª√–¡“≥ 1.50 ≈â“π∫“∑ ‡¡◊ËÕ«—π∑’Ë 10 µÿ≈“§¡ 2548 ∫√‘…—∑œ‰¥â®¥∑–‡∫’¬π °“√‡æ‘Ë ¡ ∑ÿ π ÕÕ°®”Àπà“ ¬·≈–‡√’ ¬ °™”√–·≈â «°— ∫°√–∑√«ß æ“≥‘™¬å (®“°‡¥‘¡ 8,012.6 ≈â“π∫“∑ ‡ªìπ 8,013.37 ≈â“π ∫“∑) ´÷Ëß∑ÿπ∑’Ë‡æ‘Ë¡¥—ß°≈à“«‡°‘¥®“°°“√„™â ‘∑∏‘µ“¡„∫ ”§—≠ · ¥ß ‘∑∏‘®”π«π 75,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑§‘¥ ‡ªìπ®”π«π ‡ß‘πª√–¡“≥ 0.75 ≈â“π∫“∑ ‡¡◊Ë Õ «— π ∑’Ë 11 æƒ»®‘ ° “¬π 2548 ∫√‘ …— ∑ œ‰¥â ® ¥ ∑–‡∫’ ¬ π°“√‡æ‘Ë ¡ ∑ÿ π ÕÕ°®”Àπà “ ¬·≈–‡√’ ¬ °™”√–·≈â « °— ∫ °√–∑√«ßæ“≥‘™¬å (®“°‡¥‘¡ 8,013.37 ≈â“π∫“∑ ‡ªìπ 8,013.87 ≈â“π∫“∑) ´÷Ëß∑ÿπ∑’Ë‡æ‘Ë¡¥—ß°≈à“«‡°‘¥®“°°“√„™â ‘∑∏‘µ“¡„∫ ”§—≠· ¥ß ‘∑∏‘®”π«π 50,000 Àÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑ §‘¥‡ªìπ®”π«π ‡ß‘πª√–¡“≥ 0.50 ≈â“π∫“∑ 16. „∫ ”§—≠· ¥ß ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠

‡¡◊ËÕ«—π∑’Ë 18 ‡¡…“¬π 2543 ∑’Ëª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ ¢Õß∫√‘…—∑œ¡’¡µ‘„Àâ‡æ‘Ë¡∑ÿπ®¥∑–‡∫’¬π®“° 8,000 ≈â“π∫“∑ (Àÿâπ “¡—≠®”π«π 800 ≈â“πÀÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑) ‡ªìπ 8,250 ≈â“π∫“∑ (Àÿâπ “¡—≠®”π«π 825 ≈â“πÀÿâπ ¡Ÿ≈§à“Àÿâπ≈– 10 ∫“∑) ”À√—∫Àÿâπ “¡—≠∑’Ë‡æ‘Ë¡®”π«π 20 ≈â“πÀÿâπ ‡ªìπ°“√ÕÕ°‡æ◊ËÕ√Õß√—∫°“√„™â ‘∑∏‘¢Õß„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë ®–®—¥ √√„Àâ·°à°√√¡°“√·≈–æπ—°ß“π®”π«π 20 ≈â“πÀπà«¬ ‚¥¬‰¡à§‘¥¡Ÿ≈§à“ „∫ ”§—≠· ¥ß ‘∑∏‘ 1 Àπà«¬ ¡’ ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠‰¥â 1 Àÿâπ „π√“§“µ“¡∑’ËΩÉ“¬∫√‘À“√°”Àπ¥‰«â ∑—Èßπ’È √“§“°“√„™â ‘ ∑ ∏‘ µà Õ Àÿâ π ®–µâ Õ ß‡ªì π ‰ªµ“¡ª√–°“»§≥– °√√¡°“√°”°—∫À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å „∫ ”§—≠ · ¥ß ‘∑∏‘¡’Õ“¬ÿ 5 ªï πÕ°®“°π’È Àÿâπ “¡—≠‡æ‘Ë¡∑ÿπ à«π∑’Ë‡À≈◊Õ Õ’° 5 ≈â“πÀÿâπ ‡ªìπ°“√ÕÕ°‡æ◊ËÕ√Õß√—∫°“√ª√—∫ ‘∑∏‘¢Õß„∫ ”§—≠· ¥ß ‘∑∏‘∑’Ë®—¥ √√„Àâ·°àºŸâ∂◊ÕÀÿâπ‡¥‘¡ ∫√‘…—∑œ‰¥â ®¥∑–‡∫’¬π‡æ‘¡Ë ∑ÿπ¥—ß°≈à“«°—∫°√–∑√«ßæ“≥‘™¬å·≈â«‡¡◊ÕË «—π∑’Ë 2 æƒ…¿“§¡ 2543 ‡¡◊ËÕ«—π∑’Ë 1 æƒ»®‘°“¬π 2543 ∫√‘…—∑œ‰¥â‡ πÕ¢“¬ „∫ ”§—≠· ¥ß ‘∑∏‘·≈–Àÿâπ “¡—≠∑’ËÕÕ°„À¡à‡æ◊ËÕ√Õß√—∫„∫ ”§—≠· ¥ß ‘∑∏‘§√—Èß∑’Ë 1 ®”π«π 3,025,000 Àπà«¬„Àâ·°à °√√¡°“√·≈–æπ—°ß“π ‚¥¬‰¡à§‘¥¡Ÿ≈§à“„∫ ”§—≠· ¥ß ‘∑∏‘ 1 Àπà«¬ ¡’ ‘∑∏‘´◊ÈÕÀÿâπ “¡—≠‰¥â 1 Àÿâπ „π√“§“ 14.80 ∫“∑ µà Õ Àÿâ π „∫ ”§— ≠ · ¥ß ‘ ∑ ∏‘ ¡’ Õ “¬ÿ 5 ªï µ—È ß ·µà «— π ∑’Ë 1 æƒ»®‘°“¬π 2543 ∂÷ß 31 µÿ≈“§¡ 2548 ‚¥¬®–„™â ‘∑∏‘‰¥â

On 5 July 2005, the Company registered an increase in its issued and paid up share capital (from Baht 8,011.1 million to Baht 8,012.6 million) with the Ministry of Commerce due to the exercise of warrants to purchase 150,000 shares of Baht 10 each totalling approximately Baht 1.50 million. On 10 October 2005, the Company registered an increase in its issued and paid up share capital (from Baht 8,012.60 million to Baht 8,013.37 million) with the Ministry of Commerce due to the exercise of warrants to purchase 75,000 shares of Baht 10 each totalling approximately Baht 0.75 million. On 11 November 2005, the Company registered an increase in its issued and paid up share capital (from Baht 8,013.37 million to Baht 8,013.87 million) with the Ministry of Commerce due to the exercise of warrants to purchase 50,000 shares of Baht 10 each totalling approximately Baht 0.50 million. 16. WARRANTS

On 18 April 2000, the Companyûs shareholdersû meeting approved the increase in its registered share capital from Baht 8,000 million (800 million ordinary shares of Baht 10 each) to Baht 8,250 million (825 million ordinary shares of Baht 10). With regard to the increase 20 million ordinary shares will be reserved for issuing 20 million warrants at no charge to the Companyûs directors and employees with an exercise ratio of one warrant for one ordinary share, and the exercise price shall be fixed by the management in the line with the Notification of the Securities and Exchange Commission. The warrants have a five years period. In addition, the remaining increase of 5 million ordinary shares will be reserved for compensation charges to the rights of the warrants as held by the existing shareholders. The Company has registered its capital increase with the Ministry of Commerce on 2 May 2000. On 1 November 2000, the Company offered for the first time 3,025,000 warrants at no charge to the Companyûs directors and employees. The exercise ratio is one warrant for one ordinary share and is exercisable at a price of Baht 14.80 per share. The warrants have a five year period as from 1 November 2000 to 31 October

µ—ßÈ ·µà«π— ∑’„Ë ∫ ”§—≠· ¥ß ‘∑∏‘¡Õ’ “¬ÿ§√∫ 2 ªï (µ—ßÈ ·µà«π— ∑’Ë 31 µÿ≈“§¡ 2545) ·≈– “¡“√∂„™â ‘∑∏‘‰¥â„π«—π∑”°“√ ÿ¥∑â“¬¢Õß·µà≈– ‰µ√¡“ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ·≈– 2548 ‰¡à¡’¬Õ¥ §ß‡À≈◊Õ¢Õß„∫ ”§—≠· ¥ß ‘∑∏‘∑’ËÕÕ°„Àâ·°à°√√¡°“√·≈– æπ—°ß“π¢Õß ∫√‘…—∑œ 17. ”√Õßµ“¡°ÆÀ¡“¬

µ“¡¡“µ√“ 116 ·Ààßæ√–√“™∫—≠≠—µ‘∫√‘…—∑¡À“™π ®”°—¥ æ.». 2535 ∫√‘…—∑œ®–µâÕß®—¥ √√°”‰√ ÿ∑∏‘ª√–®”ªï à«πÀπ÷Ëß‰«â‡ªìπ∑ÿπ ”√Õßµ“¡°ÆÀ¡“¬‰¡àπâÕ¬°«à“√âÕ¬≈– 5 ¢Õß°”‰√ ÿ∑∏‘ª√–®”ªïÀ°— ¥â«¬¬Õ¥¢“¥∑ÿπ – ¡¬°¡“ (∂â“¡’) ®π°«à“∑ÿπ ”√Õßπ’È®–¡’®”π«π‰¡àπâÕ¬°«à“√âÕ¬≈– 10 ¢Õß ∑ÿπ®¥∑–‡∫’¬π ”√Õßµ“¡°ÆÀ¡“¬¥—ß°≈à“«‰¡à “¡“√∂π” ‰ª®à“¬‡ªìπ‡ß‘πªíπº≈‰¥â 18. √“¬‰¥âÕ◊Ëπ

2005 and is exercisable after two years from the date of issuance (since 31 October 2002) and is to be exercised on the last working day of each quarter. As at 31 December 2006 and 2005, there were no outstanding balance of warrant issued to the Company’s directors and employees. 17. STATUTORY RESERVE

According to the Section 116 of the Public Limited Companies Act B.E. 2535, the Company is required to set aside statutory reserve of at least 5% of its net earnings for the year after deducting accumulated deficit brought forward (if any) until the reserve reaches 10% of the registered share capital. The statutory reserve could not use for dividend payment. 18. OTHER INCOME

131

√“¬‰¥âÕ◊Ëπ à«π„À≠àª√–°Õ∫¥â«¬√“¬‰¥â√—∫®“°¬Õ¥´◊ÈÕ µ“¡‡ªÑ“ ´÷Ëß§‘¥®“°¬Õ¥´◊ÈÕ„πÕ—µ√“√âÕ¬≈–∑’Ëµ°≈ß√à«¡°—π √–À«à“ß∫√‘…—∑œ·≈–ºŸâ¢“¬ √“¬‰¥â√—∫§à“‚¶…≥“´÷Ëß‡√’¬°‡°Á∫ ®“°ºŸâ ¢ “¬‚¥¬§‘ ¥ µ“¡°“√≈ß‚¶…≥“„π·ºà π æ— ∫ ‚¶…≥“ ¢Õß∫√‘…—∑œ ·≈–§à“∏√√¡‡π’¬¡·√°‡¢â“ 19. ®”π«π·≈–§à“„™â®à“¬‡°’Ë¬«°—∫æπ—°ß“π

Other income mainly consists of rebate income calculated on the value of purchase at a percentage agreed between the Company and suppliers, the advertising income which is charged to suppliers for the advertisements placed in the Companyûs brochures and entrance fees. 19. EMPLOYEES AND RELATED COSTS

ß∫°“√‡ß‘π√«¡ 2549 2548 ®”π«πæπ—°ß“π ≥ «—π ‘Èπªï (§π) 14,144 12,871 §à“„™â®à“¬‡°’Ë¬«°—∫æπ—°ß“π ”À√—∫ªï (æ—π∫“∑) 2,385,698 2,128,543

Consolidated 2006 2005 Number of employees at end of year (Persons) 14,144 12,871 Employee costs for the year 2,385,698 2,128,543 (Thousand Baht)

The Company Only 2006 2005 13,525 11,984 2,290,334 1,997,639

20. ‡ß‘πªíπº≈®à“¬

‡ß‘πªíπº≈®à“¬ª√–°“»®à“¬„πªï 2549 ·≈– 2548 ª√–°Õ∫¥â«¬ :Õπÿ¡—µ‘‚¥¬ ‡ß‘πªíπº≈ Õ—µ√“Àÿâπ≈– (∫“∑) (∫“∑) 2549 ‡ß‘πªíπº≈ ”À√—∫ ∑’Ëª√–™ÿ¡ “¡—≠ª√–®”ªï¢ÕßºŸâ∂◊ÕÀÿâπ 1,250,163,055 1.56 ºŸâ∂◊ÕÀÿâπ “¡—≠ ¢Õß∫√‘…—∑œ ‡¡◊ËÕ«—π∑’Ë ª√–°“»®à“¬®“° 27 ‡¡…“¬π 2549 °”‰√¢Õßªï 2548 √«¡ 1,250,163,055 2548 ‡ß‘πªíπº≈ ”À√—∫ ∑’Ëª√–™ÿ¡ “¡—≠ª√–®”ªï¢ÕßºŸâ∂◊ÕÀÿâπ ºŸâ∂◊ÕÀÿâπ “¡—≠ ¢Õß∫√‘…—∑œ ‡¡◊ËÕ«—π∑’Ë ª√–°“»®à“¬®“° 28 ‡¡…“¬π 2548 913,099,614 1.14 °”‰√¢Õßªï 2547 √«¡ 913,099,614

«—π∑’Ë®à“¬

æƒ…¿“§¡ 2549

æƒ…¿“§¡ 2548

132

21. °”‰√µàÕÀÿâπ

°”‰√µàÕÀÿâπ¢—Èπæ◊Èπ∞“π§”π«≥‚¥¬À“√°”‰√ ÿ∑∏‘ ”À√—∫ªï¥â«¬®”π«π∂—«‡©≈’Ë¬∂à«ßπÈ”Àπ—°¢ÕßÀÿâπ “¡—≠∑’ËÕÕ°Õ¬Ÿà„π √–À«à“ßªï 22. °Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ

∫√‘…—∑œ·≈–æπ—°ß“π‰¥â√à«¡°—π®—¥µ—Èß°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æµ“¡æ√–√“™∫—≠≠—µ‘°Õß∑ÿπ ”√Õß‡≈’È¬ß™’æ æ.». 2530 ´÷Ëß ª√–°Õ∫¥â«¬‡ß‘π∑’æË π—°ß“π®à“¬ – ¡„πÕ—µ√“√âÕ¬≈– 3 ·≈–√âÕ¬≈– 5 ¢Õß‡ß‘π‡¥◊Õπæπ—°ß“π ·≈–‡ß‘π∑’∫Ë √‘…∑— œ®à“¬ ¡∑∫„Àâ„π Õ—µ√“√âÕ¬≈– 3 ·≈–√âÕ¬≈– 5 ¢Õß‡ß‘π‡¥◊Õπæπ—°ß“π °Õß∑ÿπ ”√Õß‡≈’¬È ß™’æπ’∫È √‘À“√‚¥¬∫√‘…∑— À≈—°∑√—æ¬å ®—¥°“√°Õß∑ÿπ° ‘°√ ‰∑¬ ®”°—¥ ·≈–®–®à“¬„Àâ°—∫æπ—°ß“π„π°√≥’∑’ËÕÕ°®“°ß“πµ“¡√–‡∫’¬∫«à“¥â«¬°Õß∑ÿπ¢Õß∫√‘…—∑œ „π√–À«à“ßªï ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬®à“¬ ¡∑∫‡¢â“°Õß∑ÿπ‡ªìπ®”π«π‡ß‘πª√–¡“≥ 49.8 ≈â“π∫“∑ (2548 : 40.4 ≈â“π∫“∑) ‡©æ“–∫√‘…—∑œ : 47.7 ≈â“π∫“∑ (2548 : 37.7 ≈â“π∫“∑) 23. ¿“√–ºŸ°æ—π·≈–Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ

¿“√–ºŸ°æ—π·≈–Àπ’È ‘π∑’ËÕ“®‡°‘¥¢÷Èπ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ª√–°Õ∫¥â«¬ :23.1 ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’Àπ—ß ◊Õ§È”ª√–°—π∑’ËÕÕ°‚¥¬∏π“§“√„ππ“¡¢Õß∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬·°àÀπà«¬ß“π √“™°“√∫“ß·Ààß‡À≈◊ÕÕ¬Ÿ‡à ªìπ‡ß‘πª√–¡“≥ 150.8 ≈â“π∫“∑ ‡©æ“–¢Õß∫√‘…∑— ®”π«π‡ß‘πª√–¡“≥ 144.5 ≈â“π∫“∑ ´÷ßË ‡°’¬Ë «‡π◊ÕË ß °—∫¿“√–ºŸ°æ—π∑“ßªØ‘∫—µ‘∫“ßª√–°“√µ“¡ª°µ‘∏ÿ√°‘®¢Õß∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬ 23.2 ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬∑” —≠≠“‡™à“·≈–‡™à“™à«ß∑’Ë¥‘π°—∫∫ÿ§§≈ ∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π·≈–∫√‘…—∑Õ◊Ëπ∫“ß·Ààß ‡æ◊ËÕ„™â‡ªìπ ∂“π∑’Ë°àÕ √â“ßÕ“§“√∑’Ë∑”°“√·≈–Àâ“ß √√æ ‘π§â“ ‚¥¬¡’√–¬–‡«≈“°“√‡™à“ µ—Èß·µà 1 ∂÷ß 30 ªï ·≈–∫√‘…—∑œ ®–µâÕß®à“¬§à“‡™à“·≈–§à“∫√‘°“√„π·µà≈–ªï‡ªìπ¥—ßπ’È :-

2550 2551 2552 2553 - 2580

20. DIVIDEND PAID

Dividends declared in the periods of 2006 and 2005 consist of the following :Total dividends Dividend per share Payment date Approved by (Baht) (Baht) 2006 Dividends on 2005 earnings for ordinary shareholders Total 2005 Dividends on 2004 earnings for ordinary shareholders Total

Annual General Meeting of the shareholders on 27 April 2006

1,250,163,055

1.56

May 2006

1.14

May 2005

1,250,163,055 Annual General Meeting of the shareholders on 28 April 2005

913,099,614

21. EARNINGS PER SHARE

22. PROVIDENT FUND

The Company and its employees have jointly established a provident fund in accordance with the Provident Fund Act B.E. 2530. The fund is contributed by both the employees at the rate of 3 and 5 percent of salary and the Company at the rate of 3 and 5 percent of salary and is managed by Thai Farmers Asset Management Company Limited. Payments to the employees upon retirement or cessation of employment is to be made in accordance with the rules of the fund. Total contributions by the Company and its subsidiaries for the year amounted to approximately Baht 47.7 million (2005 : Baht 40.4 million) and Baht 49.8 million for the Company (2005 : Baht 37.7 million). 23. COMMITMENTS AND CONTINGENT LIABILITIES

Commitments and contingent liabilities at 31 December 2006 are summarised as follows :23.1 The Company and its subsidiaries had outstanding guarantees of approximately of Baht 150.8 million and approximately Baht 144.5 million for the Company as issued by the banks on behalf of the Company and its subsidiaries for the government agencies in respect of certain performance bonds as required in the normal course of business. 23.2 The Company and its subsidiaries entered into land lease and sub-lease agreements with individuals and related and other companies for the construction of office buildings and department stores for periods ranging from one year to thirty years. The annual rental and service fees are as follows :-

2007 2008 2009 2010-2037

(Unit : Thousand Baht) Consolidated The Company Only 239,439 210,131 238,849 209,187 262,718 232,385 3,925,208 3,545,259

133

Basic earnings per share is calculated by dividing the net income for the year by the weighted average number of ordinary shares in issue during the year.

134

23.3 ∫√‘…—∑œ‰¥â∑” —≠≠“√—∫‚Õπ ‘∑∏‘°“√‡™à“·≈– —≠≠“‡™à“™à«ßÕ“§“√∫“ß à«π®“°ºŸâ‡™à“‡¥‘¡´÷Ëß‡ªìπ∫√‘…—∑∑’Ë ‡°’Ë ¬ «¢â Õ ß°— π Õß·Àà ß ‚¥¬ — ≠ ≠“‡™à “ ‰¥â ∑”¢÷È π °— ∫ ∫√‘ …— ∑ ∑’Ë ‡°’Ë¬«¢âÕß°—π·ÀàßÀπ÷Ëß·≈–∫√‘…—∑„πª√–‡∑»·ÀàßÀπ÷Ëß ‚¥¬‰¥â °”Àπ¥Õ— µ √“§à “ µÕ∫·∑π„π°“√√— ∫ ‚Õπ ‘ ∑ ∏‘ ° “√‡™à “ ·≈– Õ—µ√“§à“‡™à“™à«ß ”À√—∫√–¬–‡«≈“ 8 ªï·√°‡√‘Ë¡µ—Èß·µàªï 2543 Õ¬Ÿà„π™à«ßª√–¡“≥ 687.5 ≈â“π∫“∑ ∂÷ß 1,201.6 ≈â“π∫“∑ ¢÷ÈπÕ¬Ÿà°—∫¬Õ¥¢“¬ ”À√—∫Õ—µ√“§à“µÕ∫·∑πµ—Èß·µàªï∑’Ë 9 ‡ªìπµâπ‰ª„Àâ‡ªìπ‰ªµ“¡√“§“µ≈“¥„π¢≥–π—Èπ ∑—Èßπ’È¢÷ÈπÕ¬Ÿà °— ∫ ‡ß◊Ë Õ π‰¢∑’Ë §Ÿà — ≠ ≠“®–µ°≈ß°— π µ“¡∑’Ë √ –∫ÿ ‰ «â „ π — ≠ ≠“ ¥—ß°≈à“« 23.4 ∫√‘…—∑œ¡’¿“√–ºŸ°æ—π∑’Ë®–µâÕß®à“¬‡ß‘πµ“¡ — ≠ ≠“°à Õ √â “ ßÕ“§“√∑’Ë ∑”°“√·≈–Àâ “ ß √√æ ‘ π §â “ °— ∫ ºŸâ√—∫‡À¡“À≈“¬·Ààß‡ªìπ‡ß‘πª√–¡“≥ 1,296 ≈â“π∫“∑ 23.5 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ∫√‘…—∑œ ·≈– ∫√‘…—∑¬àÕ¬¡’¿“√–ºŸ°æ—π‡°’Ë¬«°—∫ à«π¢Õß‡ß‘π≈ß∑ÿπ∑’Ë¬—ß‰¡à ‡√’¬°™”√–„π∫√‘…—∑¬àÕ¬ 3 ·Ààß‡ªìπ®”π«πª√–¡“≥ 252 ≈â“π∫“∑ ‡©æ“–∫√‘…—∑œ®”π«π 140 ≈â“π∫“∑ ”À√—∫‡ß‘π ≈ß∑ÿπ∑’Ë¬—ß‰¡à‡√’¬°™”√–„π∫√‘…—∑¬àÕ¬ 2 ·Ààß 23.6 ‡¡◊ËÕ«—π∑’Ë 11 æƒ…¿“§¡ 2544 ∫√‘…—∑œ‰¥â∑” —≠≠“°“√®”Àπà“¬ ‘π§â“¿“¬„µâ‡§√◊ÕË ßÀ¡“¬°“√§â“ “°≈™π‘¥ Àπ÷ßË °—∫∫√‘…∑— µà“ßª√–‡∑»·ÀàßÀπ÷ßË ´÷ßË ∫√‘…∑— œ¡’¿“√–ºŸ°æ—π∑’Ë µâÕß®à“¬§à“∏√√¡‡π’¬¡„πÕ—µ√“√âÕ¬≈–§ß∑’Ë¢Õßµâπ∑ÿπ ÿ∑∏‘ ¢Õßº≈‘µ¿—≥±å∑’Ë¡’‡§√◊ËÕßÀ¡“¬°“√§â“¥—ß°≈à“«‚¥¬‰¡à√«¡ ¿“…’ —≠≠“¥—ß°≈à“«¡’√–¬–‡«≈“ 8 ªï π—∫µ—Èß·µà«—π∑’Ë≈ßπ“¡ „π —≠≠“ 23.7 ∫√‘…—∑œ‰¥â∑” —≠≠“°“√√—∫§«“¡™à«¬‡À≈◊Õ∑“ß ¥â“π°“√∫√‘À“√ß“π·≈–°“√®—¥°“√‡°’Ë¬«°—∫ ‘π§â“°—∫∫√‘…—∑ ·ÀàßÀπ÷Ëß¿“¬„µâ‡ß◊ËÕπ‰¢¢Õß —≠≠“¥—ß°≈à“«∫√‘…—∑œ¡’¿“√– ºŸ°æ—π∑’µË Õâ ß®à“¬§à“µÕ∫·∑π„πÕ—µ√“√âÕ¬≈–¢Õß¬Õ¥´◊ÕÈ ‘π§â“ ¿“¬„µâ‡ß◊ËÕπ‰¢∑’Ë√–∫ÿ„π —≠≠“„Àâ·°à∫√‘…—∑¥—ß°≈à“« 23.8 ∫√‘ …— ∑ œ·≈–∫√‘ …— ∑ ¬à Õ ¬‰¥â ∂Ÿ ° øÑ Õ ß√â Õ ß‚¥¬ π‘µ‘∫ÿ§§≈Õ◊Ëπ„Àâ‡ªìπ®”‡≈¬√à«¡„π‡√◊ËÕß∑’Ë‡°’Ë¬«¢âÕß°—∫°“√º‘¥ —≠≠“´◊ÈÕ¢“¬·≈–§¥’Õ◊Ëπ Ê ‚¥¬‡√’¬°§à“‡ ’¬À“¬®“°∫√‘…—∑œ „π¢≥–π’È § ¥’ ¬— ß Õ¬Ÿà „ π√–À«à “ ß°“√æ‘ ® “√≥“¢Õß»“≈·æà ß πÕ°®“°π—Èπ∫√‘…—∑œ¬—ß∂Ÿ°øÑÕß√âÕß®“°∫ÿ§§≈ ΩÉ“¬∫√‘À“√ ¢Õß∫√‘…—∑œ ‡™◊ËÕ«à“®–™π–§¥’¥—ß°≈à“« Õ¬à“ß‰√°Áµ“¡ ‡æ◊ËÕ §«“¡√Õ∫§Õ∫∫√‘…—∑œ‰¥âµ—Èß ”√ÕßÀπ’È ‘π®”π«πÀπ÷Ëß‰«â„π ∫—≠™’ 23.9 ∫√‘…—∑œ‰¥âµàÕÕ“¬ÿ —≠≠“‡™à“∑’Ë¥‘π —≠≠“‡™à“ ·≈– —≠≠“∫√‘°“√Õ“§“√»Ÿπ¬å°“√§â“«ß»å «à“ß ∑“«πå ‡´Áπ‡µÕ√å ‚¥¬¡’√–¬–‡«≈“°“√‡™à“ 10 ªï π—∫µ—ßÈ ·µà«π— ∑’Ë 1 ‡¡…“¬π 2549 ·≈–µàÕ‰ªÕ’° 2 ªï°—∫∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—π·ÀàßÀπ÷Ëß ‚¥¬¡’ Õ—µ√“§à“‡™à“∑’Ë¥‘π„πªï∑’Ë 1-3 ‡∑à“°—∫‡¥◊Õπ≈– 458,544 ∫“∑

23.3 The Company also entered into agreements relating to the transfer of leasehold right and sub-lease arrangements covering part of buildings from existing lessors (which are two related companies). The lease contracts were made with a related company and a local company. The compensation for the transfer of leasehold right and leasing charges during the first eight years starting from 2000, are in the range of approximately Baht 687.5 million to Baht 1,201.6 million, depending on sales volume. Subsequent sub-leasing charges from the ninth year would be based on the market rate for such period, depending on conditions to be agreed between the parties. 23.4 The Company was committed to obligations under agreements with several companies for the construction of office buildings and department stores totaling approximately Baht 1,296 million. 23.5 As at 31 December 2006, the Company and its subsidiaries have outstanding commitment in respect of uncalled portion of investment in three subsidiaries of approximately Baht 252 million and Baht 140 million for the Company only in respect of uncalled portion of investment in two subsidiaries. 23.6 On 11 May 2001, the Company entered into a trademark agreement with an oversea company whereby the Company has a commitment to pay a fee at a certain percentage of net cost of the products covered by the trademark after excluding taxes. The agreement is for a period of eight years. 23.7 The Company entered into a logistics and distribution services agreement with a company resulting in a commitment to pay for the service fee at a percentage of goods purchased. 23.8 The Company and subsidiaries have been sued by other entities as co-defendant for breach of contracts, penalty claim and other cases in which the case is currently being considered by the Civil Court. Furthermore, the Company has been sued by certain individuals. The Companyûs management believes that the Company will receive favourable ruling for the cases. However, for prudent reason the Company has set up certain provision for litigation in its account. 23.9 The Company entered into the renewal of the land lease contract and the lease and service agreement of Wongsawang Town Center Department store with a related party. These agreements cover a period of

·≈–ª√—∫§à“‡™à“¢÷Èπ„πÕ—µ√“√âÕ¬≈– 15 ∑ÿ° Ê 3 ªï ‚¥¬ªï∑’Ë 11-12 Õ—µ√“§à“‡™à“∑’Ë¥‘π‡∑à“°—∫ªï∑’Ë 10 (µ“¡¡µ‘∑’Ëª√–™ÿ¡ “¡—≠ª√–®”ªïºŸâ∂◊ÕÀÿâπ¢Õß∫√‘…—∑œ‡¡◊ËÕ«—π∑’Ë 27 ‡¡…“¬π 2549) 24. °“√‡ πÕ¢âÕ¡Ÿ≈∑“ß°“√‡ß‘π®”·π°µ“¡ à«πß“π

∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬¥”‡π‘π°‘®°“√„π à«πß“π∑“ß ∏ÿ√°‘®‡¥’¬«§◊Õ °“√§â“ª≈’° ‚¥¬‡ªìπ°“√¢“¬„πª√–‡∑»‰∑¬ ¥—ßπ—πÈ √“¬‰¥â °”‰√ ·≈– ‘π∑√—æ¬å∑—ÈßÀ¡¥∑’Ë· ¥ß„πß∫°“√‡ß‘π®÷ß ‡°’Ë¬«¢âÕß°—∫ à«πß“π∏ÿ√°‘®·≈– à«πß“π∑“ß¿Ÿ¡‘»“ µ√åµ“¡∑’Ë °≈à“«‰«â

10 years, commencing from 1 April 2006 and extendable for another 2 years. The rental is to be paid at the rates of Baht 458,544 per month for the 1st - 3rd year and will be increased by 15% every 3 years, while the 11th -12th year rental will be paid at same rate as that of the tenth year (in accordance with the resolution of the Annual General Meeting of Shareholders of the Company on 27 April 2006).

24. FINANCIAL INFORMATION BY SEGMENT

135

Company and its subsidiary companiesû operations are in a single industry segment of retail and are carried out in the single geographic area of Thailand. As a result, 25. ‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π all of the revenues, operating profits and assets as reflected in these financial statements pertain to the aforementioned 25.1 π‚¬∫“¬°“√∫√‘À“√§«“¡‡ ’Ë¬ß µ“¡¡“µ√∞“π°“√∫—≠™’©∫—∫∑’Ë 48 ‡√◊ÕË ß°“√· ¥ß√“¬°“√ industry segment and geographic area. ·≈–°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ”À√—∫‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π ∫√‘…—∑œ 25. FINANCIAL INSTRUMENTS ·≈–∫√‘ …— ∑ ¬à Õ ¬¡’ ‡ §√◊Ë Õ ß¡◊ Õ ∑“ß°“√‡ß‘ π ∑’Ë ”§— ≠ ∑’Ë · ¥ß„π ß∫¥ÿ≈ª√–°Õ∫¥â«¬ ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≈Ÿ°Àπ’È 25.1 Financial risk management °“√§â“ ≈Ÿ°Àπ’È§à“‡™à“æ◊Èπ∑’Ë·≈–∫√‘°“√‡ß‘π≈ß∑ÿπ ‡ß‘π°Ÿâ¬◊¡ The Company and its subsidiary companiesû financial √–¬– —Èπ ‡®â“Àπ’È°“√§â“·≈–‡ß‘π°Ÿâ¬◊¡√–¬–¬“« ∫√‘…—∑œ ·≈– instruments, as defined under Thai Accounting Standard ∫√‘…—∑¬àÕ¬¡’§«“¡‡ ’Ë¬ß∑’Ë‡°’Ë¬«¢âÕß°—∫‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π No. 48 çFinancial Instruments: Disclosure and ¥—ß°≈à“« ·≈–¡’π‚¬∫“¬„π°“√∫√‘À“√§«“¡‡ ’Ë¬ß¥—ßπ’È Presentationsé, principally comprise cash and cash §«“¡‡ ’Ë¬ß¥â“π°“√„Àâ ‘π‡™◊ËÕ equivalents, trade accounts receivable, rental and other ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬¡’§«“¡‡ ’Ë¬ß¥â“π°“√„Àâ ‘π‡™◊ËÕ∑’Ë income receivable, investments, and short-term and long-term ‡°’Ë¬«‡π◊ËÕß°—∫≈Ÿ°Àπ’È°“√§â“ ≈Ÿ°Àπ’È§à“‡™à“æ◊Èπ∑’Ë·≈–∫√‘°“√ loans. The financial risks associated with these financial ΩÉ“¬∫√‘À“√§«∫§ÿ¡§«“¡‡ ’Ë¬ßπ’È‚¥¬°“√°”Àπ¥„Àâ¡’π‚¬∫“¬ instruments and how they are managed is described below. Credit risk ·≈–«‘∏’°“√„π°“√§«∫§ÿ¡ ‘π‡™◊ËÕ∑’Ë‡À¡“– ¡ ¥—ßπ—Èπ∫√‘…—∑œ The Company and its subsidiary companies are exposed ·≈–∫√‘ …— ∑ ¬à Õ ¬®÷ ß ‰¡à § “¥«à “ ®–‰¥â √— ∫ §«“¡‡ ’ ¬ À“¬∑’Ë ‡ ªì π to credit risk primarily with respect to trade accounts “√– ”§—≠®“°°“√„Àâ ‘π‡™◊ËÕ πÕ°®“°π’È°“√„Àâ ‘π‡™◊ËÕ¢Õß ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬‰¡à¡’°“√°√–®ÿ°µ—«‡π◊ËÕß®“°∫√‘…—∑œ receivable, rental and other income receivable. They ·≈–∫√‘…—∑¬àÕ¬¡’∞“π¢Õß≈Ÿ°§â“∑’ËÀ≈“°À≈“¬·≈–¡’Õ¬Ÿà®”π«π manage the risk by adopting appropriate credit control ¡“°√“¬ ®”π«π‡ß‘π Ÿß ÿ¥∑’Ë∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬Õ“®µâÕß policies and procedures and therefore do not expect to Ÿ≠‡ ’¬®“°°“√„Àâ π‘ ‡™◊ÕË §◊Õ¡Ÿ≈§à“µ“¡∫—≠™’¢Õß≈Ÿ°Àπ’°È “√§â“ incur material financial losses. In addition, they do not have high concentration of credit risk since they have a ·≈–≈Ÿ°Àπ’È§à“‡™à“æ◊Èπ∑’Ë·≈–∫√‘°“√∑’Ë· ¥ßÕ¬Ÿà„πß∫¥ÿ≈ large customer base. The maximum exposure to credit §«“¡‡ ’Ë¬ß®“°Õ—µ√“¥Õ°‡∫’È¬ risk is limited to the carrying amounts of receivables, rental ∫√‘…∑— œ·≈–∫√‘…∑— ¬àÕ¬¡’§«“¡‡ ’¬Ë ß®“°Õ—µ√“¥Õ°‡∫’¬È ∑’Ë and other income receivable stated in the balance sheet. ”§—≠Õ—π‡°’Ë¬«‡π◊ËÕß°—∫‡ß‘πΩ“° ∂“∫—π°“√‡ß‘π ‡ß‘π°Ÿâ¬◊¡ Interest rate risk √–¬– —Èπ·≈–‡ß‘π°Ÿâ¬◊¡√–¬–¬“«∑’Ë¡’¥Õ°‡∫’È¬ Õ¬à“ß‰√°Áµ“¡ The Company and its subsidiary companies are ‡π◊ËÕß®“° ‘π∑√—æ¬å·≈–Àπ’È ‘π∑“ß°“√‡ß‘π à«π„À≠à¡’Õ—µ√“ exposed to interest rate risk relate primarily to their cash ¥Õ°‡∫’¬È ∑’ªË √—∫¢÷πÈ ≈ßµ“¡Õ—µ√“µ≈“¥ À√◊Õ¡’Õµ— √“¥Õ°‡∫’¬È §ß∑’Ë at banks, short term loan and long-term borrowings. ´÷Ëß„°≈â‡§’¬ß°—∫Õ—µ√“µ≈“¥„πªí®®ÿ∫—π §«“¡‡ ’Ë¬ß®“°Õ—µ√“ However, since most of their financial assets and liabilities bear floating interest rates or fixed interest rates which ¥Õ°‡∫’È¬¢Õß∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬®÷ßÕ¬Ÿà„π√–¥—∫µË” are close to the market rate, the interest rate risk is expected to be minimal.

≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ‘π∑√—æ¬å·≈–Àπ’ È π‘ ∑“ß°“√‡ß‘π∑’ Ë ”§—≠ “¡“√∂®—¥µ“¡ª√–‡¿∑Õ—µ√“¥Õ°‡∫’¬È ·≈– ”À√—∫ ‘π∑√—æ¬å·≈–Àπ’ È π‘ ∑“ß°“√‡ß‘π∑’¡Ë Õ’ µ— √“¥Õ°‡∫’¬È §ß∑’ Ë “¡“√∂·¬°µ“¡«—π∑’§Ë √∫°”Àπ¥ À√◊Õ «—π∑’¡Ë °’ “√°”Àπ¥Õ—µ√“¥Õ°‡∫’¬È „À¡à (À“°«—π∑’Ë¡’°“√°”Àπ¥Õ—µ√“¥Õ°‡∫’È¬„À¡à∂÷ß°àÕπ) ‰¥â¥—ßπ’È ß∫°“√‡ß‘π√«¡

136

Àπ’È ‘π∑“ß°“√‡ß‘π ‡®â“Àπ’°È “√§â“ ‡®â“Àπ’È°“√§â“°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑ ∑’Ë‡°’Ë¬«¢âÕß°—π

126 -

1,157 117 51 544

745

10,461 58 -

√«¡

Õ—µ√“¥Õ° ‡∫’È¬∑’Ë·∑â®√‘ß (√âÕ¬≈–µàÕªï)

1,283 117 51 544

0.75 -

10,461 58 745 5.87-6.59

Õ—µ√“¥Õ°‡∫’È¬§ß∑’Ë Õ—µ√“¥Õ°‡∫’È¬ ‰¡à¡’Õ—µ√“ ¿“¬„π ¡“°°«à“ 1 ¡“°°«à“ ª√—∫¢÷Èπ≈ßµ“¡ ¥Õ°‡∫’¬È 1ªï ∂÷ß 5 ªï 5 ªï √“§“µ≈“¥ (≈â“π∫“∑) ‘π∑√—æ¬å∑“ß°“√‡ß‘π ‡ß‘π ¥·≈–√“¬°“√‡∑’¬∫‡∑à“‡ß‘π ¥ ≈Ÿ°Àπ’È°“√§â“ - ÿ∑∏‘ ≈Ÿ°Àπ’È°“√§â“°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ≈Ÿ°Àπ’È§à“‡™à“æ◊Èπ·≈–∫√‘°“√ - ÿ∑∏‘ ‡ß‘π„Àâ°Ÿâ¬◊¡·°à∫√‘…—∑¬àÕ¬ Àπ’È ‘π∑“ß°“√‡ß‘π ‡®â“Àπ’°È “√§â“ ‡®â“Àπ’È°“√§â“°‘®°“√∑’Ë‡°’Ë¬«¢âÕß°—π ‡ß‘π°Ÿâ¬◊¡®“°∫√‘…—∑¬àÕ¬ ‡ß‘π°Ÿâ¬◊¡√–¬–¬“«®“°∫√‘…—∑ ∑’Ë‡°’Ë¬«¢âÕß°—π

√«¡

Õ—µ√“¥Õ° ‡∫’È¬∑’Ë·∑â®√‘ß (√âÕ¬≈–µàÕªï)

70 258

1,089 112 441 516 -

1,159 0.75 112 441 516 258 4.2 - 5.16

1,589

10,042 169 -

10,042 169 1,589 4.2 - 5.325

745

745 5.87 - 6.59

Significant financial assets and liabilities as at 31 December 2006 classified by type of interest rates are summarized in the table below, with those financial assets and liabilities that carry fixed interest rates further classified based on the maturity date, or the repricing date if this occurs before the maturity date. Consolidated

Fixed interest rates Floating NonOver 1-5 Over Within interest rate interest years 5 years 1 year bearing (Million Baht) Financial Assets Cash and cash equivalent Trade accounts receivable - net Amount due from related parties Rental and other income receivable- net

126 -

Effective interest rate (% p.a.)

1,157 117 51 544

1,283 117 51 544

0.75 -

10,461 58

745

137

Financial liabilities Trade accounts payable Amount due to related parties Long-term loan from related company

Total

745 5.87-6.59

The Company only

Fixed interest rates Floating NonOver Within Over 1-5 interest rate interest years 5 years 1 year bearing (Million Baht) Financial Assets Cash and cash equivalent Trade accounts receivable - net Amount due from related parties Rental and other income receivable - net Loans to subsidiary companies Financial liabilities Trade accounts payable Amount due to related parties Loans from subsidiary companies Long-term loan from related company

Total

Effective interest rate (% p.a.)

70 -

1,089 112 441 516

1,159 112 441 516

0.75 -

258

258 4.2 - 5.16

1,589

10,042 169 -

10,042 169 1,589 4.2 - 5.325

745

745 5.87 - 6.59

§«“¡‡ ’Ë¬ß®“°Õ—µ√“·≈°‡ª≈’Ë¬π ∫√‘…∑— œ‰¡à¡§’ «“¡‡ ’¬Ë ß à«π„À≠à®“°Õ—µ√“·≈°‡ª≈’¬Ë π‡ß‘π µ√“µà“ßª√–‡∑»‡π◊ËÕß®“°∫√‘…—∑œ‰¥â∑” —≠≠“ªÑÕß°—π§«“¡ ‡ ’Ë¬ß¥â“πÕ—µ√“·≈°‡ª≈’Ë¬π‚¥¬°“√·ª≈ß‡ß‘π°Ÿâ¬◊¡√–¬–¬“« ®“°∫√‘…∑— ∑’‡Ë °’¬Ë «¢âÕß°—π®“° °ÿ≈‡ß‘π¬Ÿ‚√‡ªìπ °ÿ≈‡ß‘π∫“∑·≈â« µ“¡∑’Ë°≈à“«‰«â„πÀ¡“¬‡Àµÿ 14 ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ∫√‘…—∑¬àÕ¬·ÀàßÀπ÷Ëß¡’Àπ’È ‘π∑’‡Ë ªìπ‡ß‘πµ√“µà“ßª√–‡∑» ´÷ßË ‰¡à‰¥â¡°’ “√∑” —≠≠“ªÑÕß°—π §«“¡‡ ’Ë¬ß¥â“πÕ—µ√“·≈°‡ª≈’Ë¬π‡ªìπ‡ß‘π 0.2 ≈â“π¬Ÿ‚√ 25.2 ¡Ÿ≈§à“¬ÿµ‘∏√√¡¢Õß‡§√◊ËÕß¡◊Õ∑“ß°“√‡ß‘π

138

‡π◊ËÕß®“° ‘π∑√—æ¬å·≈–Àπ’È ‘π∑“ß°“√‡ß‘π à«π„À≠à¢Õß ∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬®—¥Õ¬Ÿà„πª√–‡¿∑√–¬– —Èπ ‡ß‘π„Àâ°Ÿâ¬◊¡ ·≈–‡ß‘π°Ÿâ¬◊¡¡’Õ—µ√“¥Õ°‡∫’È¬„°≈â‡§’¬ß°—∫Õ—µ√“¥Õ°‡∫’È¬„π µ≈“¥∫√‘…—∑œ·≈–∫√‘…—∑¬àÕ¬®÷ßª√–¡“≥¡Ÿ≈§à“¬ÿµ‘∏√√¡¢Õß ‘π∑√—æ¬å·≈–Àπ’ È π‘ ∑“ß°“√‡ß‘π„°≈â‡§’¬ß°—∫¡Ÿ≈§à“µ“¡∫—≠™’∑’Ë · ¥ß„πß∫¥ÿ≈ ¡Ÿ≈§à“¬ÿµ‘∏√√¡ À¡“¬∂÷ß ®”π«π‡ß‘π∑’ËºŸâ´◊ÈÕ·≈–ºŸâ¢“¬ µ°≈ß·≈°‡ª≈’Ë¬π ‘π∑√—æ¬å°—π„π¢≥–∑’Ë∑—Èß ÕßΩÉ“¬¡’§«“¡ √Õ∫√Ÿâ ·≈–‡µÁ¡„®„π°“√·≈°‡ª≈’Ë¬π·≈– “¡“√∂µàÕ√Õß√“§“ °—π‰¥âÕ¬à“ß‡ªìπÕ‘ √–„π≈—°…≥–∑’Ë‰¡à¡’§«“¡‡°’Ë¬«¢âÕß°—π «‘∏’ °“√°”Àπ¥¡Ÿ≈§à“¬ÿµ‘∏√√¡¢÷ÈπÕ¬Ÿà°—∫≈—°…≥–¢Õß‡§√◊ËÕß¡◊Õ ∑“ß°“√‡ß‘π ¡Ÿ≈§à“¬ÿµ‘∏√√¡®–°”Àπ¥®“°√“§“µ≈“¥≈à“ ÿ¥ À√◊Õ°”Àπ¥¢÷Èπ‚¥¬„™â‡°≥±å°“√«—¥¡Ÿ≈§à“∑’Ë‡À¡“– ¡ 26. Àÿâπ°Ÿâ

‡¡◊ËÕ«—π∑’Ë 10 æƒ»®‘°“¬π 2546 ∑’Ëª√–™ÿ¡«‘ “¡—≠ºŸâ∂◊Õ Àÿâπ¢Õß∫√‘…—∑œ¡’¡µ‘Õπÿ¡—µ‘°“√ÕÕ°Àÿâπ°ŸâÕ“¬ÿ‰¡à‡°‘π 6 ªï ®”π«π‰¡à‡°‘π 3,000 ≈â“π∫“∑ À√◊Õ„π °ÿ≈‡ß‘πÕ◊πË „π®”π«π∑’Ë ‡∑à“°—π ‚¥¬®–‡ πÕ¢“¬µàÕ π—°≈ß∑ÿπ‡©æ“–‡®“–®ß·≈–/À√◊Õ ‡ πÕ¢“¬„Àâ·°àª√–™“™πµ“¡ª√–°“»¢Õß§≥–°√√¡°“√ °”°—∫ À≈—°∑√—æ¬å·≈–µ≈“¥À≈—°∑√—æ¬å Õ¬à“ß‰√°Áµ“¡ ≥ «—π∑’Ë 31 ∏—π«“§¡ 2549 ∫√‘…—∑œ¬—ß‰¡à‰¥â¡’°“√ÕÕ°Àÿâπ°Ÿµâ “¡¡µ‘ ¥—ß°≈à“«¢â“ßµâπ

Foreign currency risk The Company is not mainly exposed to risks from changes in foreign currency since the Company has entered into a cross-currency swap contracts from EURO to Thai Baht for the long-term loan from its related company as set out in Note 14. As at 31 December 2006, a subsidiary company has foreign currency-denominated liability which was unhedged amounting to Euro 0.2 million. 25.2 Fair values of financial instruments

Since the majority of the Company and its subsidiary companies financial instruments are short-term in nature or bear floating interest rates, their fair value is not expected to be materially different from the amounts presented in the balance sheets. A fair value is the amount for which an asset can be exchanged or a liability settled between knowledgeable, willing parties in an armûs length transaction. The fair value is determined by reference to the market price of the financial instrument or by using an appropriate valuation technique, depending on the nature of the instrument. 26. DEBENTURES

On 10 November 2003, the Extraordinary shareholderûs meeting had passed the resolution to approve for the issuance of debentures of not exceeding Baht 3,000 million or on other currency with the equivalent amount due within 6 years. The debenture will be sold to the specific investor and or public in accordance with the regulation of the Securities and Exchange Commission. However, as at 31 December 2006 the Company has not issued its debentures as the above resolution. 27. APPROVAL OF FINANCIAL STATEMENTS

27. °“√Õπÿ¡—µ‘ß∫°“√‡ß‘π

The Companyûs authorised directors approved the ß∫°“√‡ß‘ππ’È‰¥â√—∫Õπÿ¡—µ‘„ÀâÕÕ°‚¥¬°√√¡°“√ºŸâ√—∫¡Õ∫ issuer of these financial statements on 21 February 2007. Õ”π“®¢Õß∫√‘…—∑œ ‡¡◊ËÕ«—π∑’Ë 21 °ÿ¡¿“æ—π∏å 2550

√“¬°“√√–À«à“ß°—π Related Company Transactions 1. °“√°”Àπ¥¢âÕ∫—ß§—∫∫√‘…—∑œ„π‡√◊ËÕß√“¬°“√∑’Ë ‡°’Ë¬«‚¬ß°—π

2. √“¬°“√√–À«à“ß°—π∑’Ë‡°‘¥¢÷Èπ„πªï 2549

It is provided under the Notification of the Stock Exchange of Thailand Committee relating to the Information Disclosure and Procedure for a listed company in respect of any connected transaction B.E. 2546 (the çNotificationé), Article 3 and 6 that, within an annual general meeting for year 2004, a listed company and its subsidiaries are required to proceed for amendment of its Articles of Association concerning requesting for an approval on connected transactions from the shareholders in accordance with the Notification. The Notification aims at setting duties to be performed by director under Section 85 of the Public Company Act B.E. 2535. Failure to perform such duty, the shareholder is able to file charges against the director for compensation.

2. Related company transactions in the year 2006 „π√–À«à“ßªï 2549 ∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬¡’√“¬°“√ √–À«à“ß°—π∑’‡Ë °‘¥¢÷πÈ °—∫∫√‘…∑— ∑’‡Ë °’¬Ë «¢âÕß°—πÀ≈“¬·Ààß ´÷ßË ‡°’¬Ë «‡π◊ÕË ß During the year 2006, the company and its subsidiaries °—∫°“√°Ÿâ¬◊¡‡ß‘π °“√´◊ÈÕ/ ¢“¬ ‘π§â“À√◊Õ∫√‘°“√ ·≈–°“√‡™à“ ∑√—æ¬å ‘π ∫√‘…—∑œ ¥—ß°≈à“«‡°’Ë¬«¢âÕß°—π‚¥¬¡’ºŸâ∂◊ÕÀÿâπ√à«¡°—π had many related transactions with the related companies À√◊Õ‡ªìπ∫√‘…∑— „π‡§√◊Õ‡¥’¬«°—π ‚¥¬¡’√“¬≈–‡Õ’¬¥¢Õß√“¬°“√ regarding loaning money, purchase and sales of products or services, and the lease and rental of assets. The said √–À«à“ß°—πª√“°ØÕ¬Ÿà„πµ“√“ßÀπâ“∂—¥‰ª companies are related because shareholders also hold shares in these companies or are in the same group of 3. ¢—ÈπµÕπ°“√Õπÿ¡—µ‘°“√∑”√“¬°“√√–À«à“ß°—π companies. The details of the related company transactions 3.1 µâÕß¢ÕÕπÿ¡µ— ®‘ “°∑’ªË √–™ÿ¡ºŸ∂â Õ◊ Àÿπâ ”À√—∫√“¬°“√∑’Ë are shown in the table of summary of transactions with Õ¬Ÿà„π‡°≥±å∑’ËµâÕßºà“π°“√Õπÿ¡—µ‘®“°∑’Ëª√–™ÿ¡ºŸâ∂◊ÕÀÿâπµ“¡ related companies. ª√–°“»µ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬‡√◊ËÕßÀ≈—°‡°≥±å 3. The approval process for the implementation of «‘∏’°“√ ·≈–°“√‡ªî¥‡º¬√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π¢Õß∫√‘…—∑ ®¥∑–‡∫’¬π ‚¥¬√“¬°“√°Ÿâ¬◊¡·≈–√“¬°“√´◊ÈÕ/¢“¬∑’Ë¥‘π¢Õß related transactions ∫√‘…∑— ∑ÿ°√“¬°“√®–µâÕß‰¥â√∫— §«“¡‡ÀÁπ™Õ∫®“°§≥–°√√¡°“√ 3.1 Regarding the transactions which require obtaining ∫√‘…—∑œ 3.2 ‰¡àµÕâ ß¢ÕÕπÿ¡µ— ®‘ “°∑’ªË √–™ÿ¡ºŸ∂â Õ◊ Àÿπâ ”À√—∫√“¬°“√ approval from the shareholdersû meeting according to the ∑’Ë ‰ ¡à Õ ¬Ÿà „ π‡°≥±å ∑’Ë µâ Õ ßºà “ π°“√Õπÿ ¡— µ‘ ® “°∑’Ë ª √–™ÿ ¡ ºŸâ ∂◊ Õ Àÿâ π Notification of the Stock Exchange of Thailand, on the µ“¡ª√–°“»µ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬‡√◊ÕË ßÀ≈—°‡°≥±å rules, procedure, and disclosure of connected transactions «‘∏’°“√ ·≈–°“√‡ªî¥‡º¬√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π¢Õß∫√‘…—∑ of listed companies, this kind of transaction must be approved

139

ª√–°“»§≥–°√√¡°“√µ≈“¥À≈—°∑√—æ¬å·Ààßª√–‡∑»‰∑¬ ‡√◊ËÕß°“√‡ªî¥‡º¬¢âÕ¡Ÿ≈ ·≈–°“√ªØ‘∫—µ‘°“√¢Õß∫√‘…—∑®¥ ∑–‡∫’¬π„π√“¬°“√∑’Ë‡°’Ë¬«‚¬ß°—π æ.». 2546 ¢âÕ 3. ·≈– ¢âÕ 6. ‰¥â°”Àπ¥„Àâ∫√‘…—∑®¥∑–‡∫’¬πµâÕß¥”‡π‘π°“√„Àâ ¢âÕ∫—ß§—∫¢Õß∫√‘…—∑®¥∑–‡∫’¬π·≈–∫√‘…—∑¬àÕ¬¡’¢âÕ°”Àπ¥ ‡°’¬Ë «°—∫°“√¢Õ§«“¡‡ÀÁπ™Õ∫®“°ºŸ∂â Õ◊ Àÿπâ „π°“√∑”√“¬°“√∑’Ë ‡°’¬Ë «‚¬ß°—π¢Õß∫√‘…∑— ®¥∑–‡∫’¬πÀ√◊Õ∫√‘…∑— ¬àÕ¬„π≈—°…≥–∑’Ë Õ¥§≈âÕß°—∫ª√–°“»¢Õßµ≈“¥À≈—°∑√—æ¬å¿“¬„π°“√ª√–™ÿ¡ “¡—≠ºŸâ∂◊ÕÀÿâπ∑’Ë®—¥¢÷Èπ„πªï 2547 ‚¥¬¡’«—µ∂ÿª√– ß§å‡æ◊ËÕ„Àâ °√√¡°“√¡’Àπâ“∑’µË Õâ ßªØ‘∫µ— µ‘ “¡¡“µ√“ 85 ·Ààß æ.√.∫. ∫√‘…∑— ¡À“™π®”°—¥ æ.». 2535 ∂â“°√√¡°“√‰¡àªØ‘∫µ— µ‘ “¡ ºŸ∂â Õ◊ Àÿπâ “¡“√∂øÑÕß√âÕß‡√’¬°§à“‡ ’¬À“¬®“°°√√¡°“√‰¥â

1. Determination of Articles of Association relating to Connected Transactions.

®¥∑–‡∫’¬π Õ¬à“ß‰√°Áµ“¡ √“¬°“√°Ÿâ¬◊¡·≈–√“¬°“√´◊ÈÕ/¢“¬ ∑’Ë¥‘π¢Õß∫√‘…—∑œ ∑ÿ°√“¬°“√®–µâÕß‰¥â√—∫§«“¡‡ÀÁπ™Õ∫®“° §≥–°√√¡°“√∫√‘…∑— œ πÕ°®“°π’È ∑’Ëª√–™ÿ¡§≥–°√√¡°“√∫√‘…—∑œ §√—Èß∑’Ë 17/ 2543 ‰¥â¡¡’ µ‘„Àâ∫√‘…∑— œ¥”‡π‘π°“√√“¬ß“πµàÕ§≥–°√√¡°“√ µ√«® Õ∫ ·≈–§≥–°√√¡°“√∫√‘…∑— ∑ÿ°Ê ‰µ√¡“ ‡°’¬Ë «°—∫√“¬°“√ ∑’Ë‡°’Ë¬«‚¬ß°—π∑—ÈßÀ¡¥∑’Ë∫√‘…—∑‰¥â∑”¢÷Èπ

by the shareholders before further implementation. However, the Board of Directors must approve every loan transaction and purchase/sale of land transaction. 3.2 Regarding the transactions which not require obtaining approval from the shareholdersû meeting according to the Notification of the Stock Exchange of Thailand, on the rules, procedure, and disclosure of connected transactions of listed companies, this kind of transaction does not need 4. ·π«‚πâ¡°“√∑”√“¬°“√√–À«à“ß°—π the approval from the shareholders before further implementation. However, the Board of Directors must approve every loan ∫√‘…∑— œ ·≈–∫√‘…∑— ¬àÕ¬¬—ß§ß¡’√“¬°“√√–À«à“ß°—π∑’‡Ë °‘¥ transaction and purchase/sale of land transaction. ¢÷Èπ°—∫∫√‘…—∑∑’Ë‡°’Ë¬«¢âÕß°—πÕ¬à“ßµàÕ‡π◊ËÕß ‡π◊ËÕß®“°‡ªìπ Apart from that, the Board of Directors’ meeting No. √“¬°“√∑’Ë‡°‘¥¢÷Èπµ“¡ª°µ‘¢Õß∏ÿ√°‘® ‚¥¬∑’Ë∑—Èß ÕßΩÉ“¬®– 17/2000 resolved that the Company must report to the µâÕßªØ‘∫—µ‘µ“¡ —≠≠“∑’Ë∑”‰«â Audit Committee and the Board of Directors in every quarter regarding all related company transactions. 4. The trend of the related company transactions

140 The Company and its subsidiaries continuously implement the related transactions, which commonly occurs in business operation. Both parties must perform in accordance with the details stated in the contract.

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1.2

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141

142 √“¬°“√

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146 Summary of Transactions with Related Companies

Transaction

1. Purchase of merchandise from Chirathivat group of companies

2. Central Superstore Co., Ltd. renders service in the management of Wongsawang shopping center

Related Companies

- C-Trade Sakol Co., Ltd. - Central Trading Co., Ltd. - Prinya Inter-Trade Co., Ltd. - Central Garment Factory Co., Ltd. - Central Textile Co., Ltd. - Others Central Department Store Co., Ltd.

Contract Detail

Amount (Million baht) Trade Account payable 24.9

Contract become effective on Oct-1-1997, monthly management fee of Bt 599,400

Income 2.4

3. Companies render services on tax management

Central Department Store Co., Ltd.

1-year contract commencing on Jan -1-2006, monthly fee of Bt 100,000

Expense 1.2

4. Land leasehold contract at Big C Store (Nakhon Ratchasima branch)

Lessee: Big C Supercenter Public Company Limited Lessor : Tieng Chirathivat Co., Ltd.

30-year contract com mencing from Dec-1-1996 Amount of leasing option is Bt 105 million with monthly rental and service charge of Bt 275,000 which will be increased by 10% for every 3 years

Expense 4.4

Comment of Independent Directors / Auditors At price agreed among group companies.

Company没s independent director viewed that this transaction is reasonable and commercially useful for the Company and subsidiary. Company没s independent director viewed that this transaction is reasonable and commercially useful for the Company and subsidiary. Company没s financial advisor viewed that it is at reasonable price and independent director has no contradictory opinion.

Related Companies

5. Building lease of Big C store (Wongsawang branch)

Lessee : The Company Lessor : Central Department StoreCo., Ltd.

6. Land lease in Big C store (Ratburana branch)

Lessee : Central Superstore Limited Lessor : Central Department Store Co., Ltd.

7. Parking area leasing contract at Big C store (Ratburana branch)

Lessee : Central Superstore Limited Lessor : Central Thonburi Co., Ltd.

Agreement

Amount (Million baht)

10-year contract Rental fee and service charges 33.4 commencing on Apr-12006 with monthly rental and service charge based on rental area and will be increased by 10% for every 3 years 10-year contract commencing Rental fee 5.5 on April-1-2006 with monthly rental of Bt 458,544 which will be increased by15% for every 3 years Rental fee 2.4 3-year contract commencing from Jul-1-2003 to Jun-302006, monthly rental of Bt 176,000(Jul-1-03 to Dec-31-03) and monthly rental of Bt 200,000 (Jan-1-04 to Jun-30-06), renewed for 3 years commencing on 1-Jul-2006

147

Transaction

Third Party没s Comment

External auditor viewed that the price is at market price

148 Transaction 8. Land lease of Big C store (Khon Kaen branch) 9. Land lease for land development project in Chonburi province

10.Land lease and service rendering contract at each branch of Big C store

11.Assignment of building rental right of Big C store (Hua-Mak branch)

Related Companies Lessee : Big C Fairy Limited Lessor : Central Pattana Khonkaen Co., Ltd. Lessee : Big C Supercenter Public Company Limited Lessor : Central Pattana Public Company Limited

Agreement 30-year contract commencing on Jul-17-1996 with monthly rental of Bt 1 million 30-year contract commencing on Jun-1-1997, leasing amount of Bt 15.5 million with monthly rental of Bt 10,000 which will be increased by 5% for every year Leasing term ranges from 3 years to 15 years

Lessee : - Thai K.F.C. Co., Ltd. - Thai Franchising Co., Ltd. - Central Ice Cream Co., Ltd. - Central Book Distribution Co., Ltd. - Central Watson Co., Ltd. Lessor : - The Company and subsidiaries Assignee : Big C Supercenter Public Lease term is 15 years and one month commencing on Company Limited Assignor : Ramindra Department StoreApr-25-2000 with the renewal period of 4 years and 11 Co., Ltd. months. The rental fee during Lessor : Central Department Store first eight years depends on Co., Ltd. sales volume with the minimum and maximum rental fee, after that the rental fee depends on the agreed condition

Amount (Million baht)

Third Party没s Comment

Rental fee 11.9

External auditor viewed that the price is at market price

Rental fee 0.2

External auditor viewed that the price is at market price

Rental fee 128.8 Receivable 32.2

External auditor viewed that the price is at market price

Company没s financial advisor viewed Rental fee and service charges 68.3 that the transaction is justified and reasonable and will be beneficial for the company. Independent directors have no contradictory opinion.

Transaction

Related Companies

Agreement

Amount (Million baht)

Service receiver : - Big C Supercenter Public Company Limited Service provider : - Central Department Store Co., Ltd.

Contract term is 15 years and one month commencing on Apr-25-2000 with renewal period of 4 years and 11 months, service charge based on service area and service rate per area as determined in the contract. Lessee : Big C Supercenter Public Leasing term of 15 years 12. Sub-leasing contract of commencing on Oct-20Fashion Island Department Store Company Limited Lessor : Central Department Store Co., Ltd. 2000 with renewal period of 9 years, monthly rental fee is Bt 792,000. Service contract for building facility Service receiver : Big C Supercenter 15-year contract commencing on Oct-20-2000 with system in Fashion Island Department Public Company Limited Service provider : Central Department renewal period of 9 years. Store Store Co., Ltd. Service charges divided into two parts: First : based on serviced area and service rate per area as determined in the agreement Second : during first eight years, service charge depends on sales volume with minimum and maximum charge, after that service charge depends on agreed condition

149

Services and facilities contract in Central没s building at Hua Mark

Third Party没s Comment

Company没s financial advisor viewed that the transaction is justified and reasonable and will be beneficial for the company. Independent directors have no contradictory opinion.

Rental fee and service charge 62.6

Company没s financial advisor viewed that the transaction is justified and reasonable and will be beneficial for the company. Independent directors have no contradictory opinion.

150 Transaction 13. Land sub-leasing contract for the implementation of Central Festival Center at Pattaya

Related Companies Lessee : Central Pattana PLC Lessor : Central Pattaya Co., Ltd.

14. Leasing contract for some areas Lessee : of Big C store (Pattaya branch) Central Pattana PLC Lessor : Central Pattaya Co., Ltd. Service receiver : 15. Contract on infrastructure system services of Big C store Central Realty Service Co., Ltd. Service provider : (Pattaya branch) Central Pattaya Co., Ltd. 16. Leasing contract for some area Lessee : Central Pattana PLC in Central Festival Shopping Lessor : Center at Pattaya Central Pattaya Co., Ltd. 17. Contract of sharing expenses Service receiver : of Big C store (Pattaya branch) Central Pattaya Co., Ltd. Service provider : Central Realty Service Co., Ltd.

Agreement

Amount (Million baht)

Third Party没s Comment

External auditor viewed that the Leasing term of 21 years and Income 6.2 6 months commencing on Payable (deposit)13.8 price is at market price Nov-1-1993, monthly rental fee ranging from Bt 167,500 (first year) to Bt 834,000 (last year), deposit for rental guarantee of Bt 61.7 million (partially returned to lessee on quarterlybasis of Bt 771,625) External auditor viewed that the Leasing term of 19 years and months commencing on Decprice is at market price 29-1995, leased amount of Bt 19.2 million External auditor viewed that the Service term of 19 years and price is at market price 4 months commencing on Dec-29-1995, service fee of Bt 12.8 million (already paid in full) Leasing term of 19 years and External auditor viewed that the price is at market price 9 months commencing on Jul-29-1995, leased amount of Bt 1.2 million At market price contract commencing on JulExpense 5.7 (external auditor没s opinion) 29-1995, monthly sharing expense of Bt 473,188

Related Companies

18. The company pay for management Casino France SAS fee and other expenses

19. Loan contract

Casino Guichard Perrachon S.A.

20. Other incomes

Service receiver : Casino Internationa Big C Vietnam/ Vindemia Service provider : Big C Supercenter Public Company Limited

Amount (Million baht)

Agreement

Annual management fee not Management Fee and Other expenses 71.9 over than Bt 15 million Payable 72.5

Loan contract of EU 45 million Interest Expense 43.6 for a period of 3 years with Interest payable 2.6 interest rate at 6 month Borrowings 745.5 EURIBOR rate plus 1% and 1.25 per annum.

Income 18.5 Receivable 18.5

151

Transaction

Third Party没s Comment Company没s independent director viewed that this transaction is reasonable and necessary. It is also commercially beneficial for the Company and subsidiaries. Company没s financial advisor viewed that this transaction is reasonable and necessary. It is commercially beneficial for the Company; such interest rate is lower than interest rate of off -shore loan that the Company ever took and independent director has no contradictory opinion.

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3.98 3.23 2.35

10,097,540

1.26

6,290,600 6,217,500 4,100,680

0.78 0.78 0.51

π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈¢Õß∫√‘…—∑œ ·≈–∫√‘…—∑¬àÕ¬

∫√‘…—∑œ ¡’π‚¬∫“¬°“√®à“¬‡ß‘πªíπº≈„πÕ—µ√“‰¡àπâÕ¬°«à“√âÕ¬≈– 30 ¢Õß°”‰√ ÿ∑∏‘¢Õßªï∑’Ëºà“π¡“ ‚¥¬„πªï 2547, ªï 2548 ·≈– ªï 2549 ∑’Ëºà“π¡“∫√‘…—∑œ ¡’°“√®à“¬‡ß‘πªíπº≈„πÕ—µ√“√âÕ¬≈– 50, 60 ·≈– 70 ¢Õß°”‰√ ÿ∑∏‘µ“¡≈”¥—∫ à«π∫√‘…—∑¬àÕ¬¬—ß‰¡à¡’π‚¬∫“¬®à“¬‡ß‘πªíπº≈

Major Shareholders Top ten shareholders as of 7 April 2006, which is the latest date for closing the Company Share Register are as follows: Shareholders

% Holding

287,820,000 218,280,000

35.92 27.24

24,143,069 22,368,648 22,368,648 19,119,381 5,974,400 5,258,800 4,915,000

3.01 2.79 2.79 2.39 0.75 0.66 0.61

43,829,230 31,900,000 25,902,402 18,848,689

5.47 3.98 3.23 2.35

10,097,540 6,290,600 6,217,500 4,100,680

1.26 0.78 0.78 0.51

Dividend Policy of the Company and Subsidiaries

The Company has set a policy to pay dividends at the rate of 30 per cent of annual net profit. In the year 2004, 2005 and 2006, the Company had paid the dividends at the rate of 50%, 60% and 70% of annual net profit respectively. The subsidiaries has not the policy to pay the dividends.

153

1. Casino Group : a. Geant International B.V. b. Saowanee Holding Company Limited The group works together with others to determine and formulate management policy by nominating or appointing a person to act as the director with the authority in management. The abovementioned management policy will be submitted to the board of director for consideration and approval. 2. Chirathivat Group : a. Mr.Tos Chirathivat b. Mr. Pichai Chirathivat c. Mr. Suthisak Chirathivat d. Ms.Nattaya Chirathivat e. Mr. Suthichai Chirathivat f. Mr. Suthilak Chirathivat g. Mr. Kriangsak Chirathiva The group works together with others to determine and formulate management policy by nominating or appointing a person to act as the director with the authority in management. The abovementioned management policy will be submitted to the board of director for consideration and approval. 3. Thai NVDR Company Limited. 4. State Street Bank and Trust Company For Switzerland 5. The Bank of New York (Nominees) Limited 6. Ms. Arunee Chan 7. American International Assurance Company Limited-DI-LIFE 8. State Street Bank and Trust Company For Australia 9. Aberdeen Growth Fund 10. Dexia Banque Internationale a Luxembourg Societe Anonyme

Number of Shares Holding

∫√‘…—∑¬àÕ¬ Subsidiaries ∫√‘…—∑¬àÕ¬∑’Ë∫√‘…—∑œ ∂◊ÕÀÿâπ∑“ßµ√ß ·≈–∑“ßÕâÕ¡¡’¥—ßπ’È ∫√‘…∑— ¬àÕ¬ ª√–‡¿∑∏ÿ√°‘® °“√∂◊ÕÀÿâπ

154

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13.

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% (≈â“π∫“∑) ∏ÿ√°‘®§â“ª≈’° ∏ÿ√°‘®§â“ª≈’° ∏ÿ√°‘®§â“ª≈’° „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å „Àâ‡™à“Õ —ßÀ“√‘¡∑√—æ¬å À¬ÿ¥¥”‡π‘π°‘®°“√ À¬ÿ¥¥”‡π‘π°‘®°“√

∑ÿπ∑’Ë™”√–·≈â«

92 97 100 100 100 100 100 100 100 100 100 51 100

1,050 440 300 180 1,220 841 200 80 80 5 738 100 1

Subsidiaries which were directly and indirectly held by the Company are as follows:

Name 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13.

Pitsanulok Big C Limited Big C Fairy Limited Chiang Mai Big C (2001) Co., Ltd. hiengrai Big C Limited Central Superstore Limited Inthanon Land Co., Ltd. Surat Big C Limited Central Pattaya Co., Ltd. Theparak Big C Limited Phraram II Big C Co., Ltd. Udon Big C Co., Ltd. Flexpay Co., Ltd. Big C Distribution Co., Ltd.

Business

% Holding

Paid-Up Capital (Million)

Retail Retail Retail Real Estate Real Estate Real Estate Real Estate Real Estate Real Estate Real Estate Real Estate Dormant Dormant

92 97 100 100 100 100 100 100 100 100 100 51 100

1,050 440 300 180 1,220 841 200 80 80 5 738 100 1

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Security Depository (Thailand) Co., Ltd Capital Market Academy Building, No. 2/7 Moo 4, (North Park Project, Vibhavadi-Rangsit Road, Tung Song Hong Sub-district, Laksi District, Bangkok 10210 Tel. 0-2596-9000, 0-2596-9304 Fax 0-2832-4994-6 Auditor

Ernst & Young Office Ltd. Lake Ratchada Building, 33rd floor, No. 193/136-137 Ratchada Phisek Road, Klong Toei sub-district, Klong Toei district, Bangkok 10110 Tel. 0-2264-0777 Fax 0-2661-9190

155

1. ∫√‘…—∑ ”π—°°ÆÀ¡“¬ π‘µ‘æ’√©—µ√ ®”°—¥ ™—Èπ∑’Ë 10 Õ“§“√ ¬“¡°≈°“√ (‡¬◊ÈÕß π“¡°’Ã“·Ààß™“µ‘) ‡≈¢∑’Ë 89/1 ∂ππæ√–√“¡ 1 ·¢«ß«—ß„À¡à ‡¢µª∑ÿ¡«—π °√ÿß‡∑æœ 10330 ‚∑√»—æ∑å 0-2216-2006-9 ‚∑√ “√ 0-2216-2005 2. ”π—°ß“π Õ—™¨“∏√√¡ ∑π“¬§«“¡ 398/12 ´Õ¬‡°…¡»√’ ∂ππª√–™“∏‘ª‰µ¬ ·¢«ß∫â“πæ“π∂¡ ‡¢µæ√–π§√ °√ÿß‡∑æœ 10200 ‚∑√»—æ∑å 0-2282-6260-2 ‚∑√ “√ 0-2282-6263

Security registrar

Law office

Nitipeerachat Law Office Ltd. 10th Floor, Siam Motor Building 891/1 Rama 1 Road, Wangmai, Phatumwan, Bangkok 10330 Tel. 0-2216-2006-9 Fax 0-2216-2005 2. Utchatham Law Office 398/12 Soi Kasemsri, Prachathipatai Road Banpanthom, Pranakorn, Bangkok 10220 Tel. 0-2282-6260-2 Fax 0-2282-6263

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Information Center for shareholder/ investor/ analyst

Miss Rumpa Kumhomreun CFO & Vice President, Accounting & Finance Tel. 0-2655-0666 Ext. 4062 or E-mail Address : kurumpa@bigc.co.th Information Center via the media of television, advertising and printed matter

Miss Jariya Chirathivat Vice President, Marketing & Communications Tel. 0-2655-0666 Ext. 6716 Big C Website Casino Website Central Website

: www.bigc.co.th : www.groupe-casino.com : www.centralcompany.com

156

π“¬∑–‡∫’¬πÀ≈—°∑√—æ¬å ∫√‘…—∑ »Ÿπ¬å√—∫Ω“°À≈—°∑√—æ¬å (ª√–‡∑»‰∑¬) ®”°—¥ Õ“§“√ ∂“∫—π«‘∑¬“°“√µ≈“¥∑ÿπ ‡≈¢∑’Ë 2/7 À¡Ÿà∑’Ë 4 (‚§√ß°“√πÕ√å∏ª“√å§) ∂ππ«‘¿“«¥’√—ß ‘µ ·¢«ß∑ÿàß ÕßÀâÕß ‡¢µÀ≈—° ’Ë °√ÿß‡∑æœ 10210 ‚∑√»—æ∑å 0-2596-9000, 0-2596-9304 ‚∑√ “√ 0-2832-4994-6

Security registrar Security Depository (Thailand) Co., Ltd Capital Market Academy Building, No. 2/7 Moo 4, (North Park Project, Vibhavadi-Rangsit Road, Tung Song Hong Sub-district, Laksi District, Bangkok 10210 Tel. 0-2596-9000, 0-2596-9304 Fax 0-2832-4994-6

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