Panjawattana Plastic Public Company Limited

Panjawattana Plastic Public Company Limited Annual Report 2012Report on the Responsibilities of the Board of Directors to Financial ReportsThe Board of Directors of Panjawattana Plastic Public Co., Ltd. gives importance to the dutiesand responsibilities in governing the company’s business in compliance with good businessgovernance policies and the Board of Directors takes responsibility for the financial statements andfinancial information appearing in the 2012 Annual Report, which has been prepared in compliancewith generally accepted accounting standards by using proper and continually practiced accountingpolicies with meticulous and cautious judgment in preparing the Annual Report with adequatedisclosure of significant information in the remarks accompanying the financial statements, includingcompliance with the regulations set forth by the Stock Exchange of Thailand and the specifications setforth by the Securities and Exchange Commission to generate maximum benefits for shareholders andinvestors.Furthermore, the company’s Board of Directors has prepared effective and appropriate riskmanagement and internal control systems for reasonable confidence that accounting informationrecords are accurate, complete and adequate for monitoring assets and preventing corruption ornonstandard operations.On this occasion, the Audit Committee, which consists of independent directors, hasperformed the duties of directing and reviewing accounting policies, the quality of financialstatements, internal control systems and internal audits with consideration regarding the disclosure ofinformation about related transactions. The opinions of the Audit Committee are disclosed in theAnnual Report.The financial statements for the company and its subsidiaries were audited by DharmnitiAuditing Co., Ltd., which is the company’s auditor. In auditing, the company’s Board of Directorsand the Executive Committee supplied information and documents for auditors to audit and expressopinions in compliance with accounting standards as shown in the auditor’s report in the AnnualReport.The company’s Board of Directors holds the opinion that the company’s overall internalcontrol system is adequate and suitable with capacity for building reasonable confidence in thefinancial statements for the company and its subsidiaries for the year ending 31 December 2012.(Dr. Damri Sukhotanang)Chairman of the Boardof Directors(Mr. Wiwat Hemmondharop)Chairman of the Boardof Executive Directors72