ข่าวแจ้งตลาดหลักทรัพย์ฯ
DECLARE PERFORMANCE FOR YEAR ENDED DECEMBER 31, 1999
29 กุมภาพันธ์ 2543
February 28,2000
Manager
The Stock Exchange of Thailand
Dear Sir:
According to the performance of Noble Development Public Company
Limited and its subsidiaries for the year ended December 31,1999
reported net loss 943.80 MB decreased from the same period of
the previous year which reported net loss 580.51 MB.
The company would like to clarify reasons of the decrease of the
net loss more than 20% compared to the previous year by
separating the net loss into 3 categories. Details are as follows:
1. Loss from Debt Restructuring
In 1999, the company and its subsidiaries restructured its
debts with financial institution creditors and debenture creditors.
According to the debt restructuring, the company and its
subsidiaries' liabilities including obligations were decreased
totaling 1,935.27 MB. Net loss from the debt restructuring of
131.74 MB was recorded.
2. Loss from Impairment of Assets
According to the Accounting Standard No. 36 about impairment
of assets, the company recorded the value of the assets by using
the new appraisal value and recorded loss from impairment of
assets totaling 314.62 MB in 1999.
3. Loss from Normal Operations
Loss from normal operations totaled 497.68 MB in 1999 and 580.51
in 1998. Comparing to the previous year, the company and its
subsidiaries' loss from operation decreased in total amount of
84.31 MB or 14%.
Please be informed.
Sincerely,
Sitti Leelakasamelerk
Director