ar 08 EN - Investor Relations

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GENERAL INFORMATIONGLOW ENERGY PUBLIC COMPANY LIMITEDHead Office address : 195 Empire Tower 38 th Floor - Park Wing, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120Plant LocationHomepageType of BusinessTel. (66 2) 670 1500 - 33 Fax (66 2) 670 1548 - 9: Glow Phase 2 - Central Utilities Cogeneration Plant3, 5, I - 4 Road, Map Ta Phut Industrial Estate, Muang District, Rayong 21150Tel. (038) 684 078 - 80 Fax (038) 684 – 789 and: Glow Phase 4 - Central Utilities Cogeneration Plant: 11, I - 5 Road, Map Ta Phut Industrial Estate, Muang District, Rayong 21150Tel. (038) 698 400 - 10 Fax (038) 684 789: www.glow.co.th: Supply utilities (electricity, steam, clarified and demineralized water)SUBSIDIARY COMPANY THAT THE COMPANY HOLDS SHARES OF MORE THAN 50%1. GLOW COMPANY LIMITEDHead Office address : 195 Empire Tower 38 th Floor - Park Wing, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120Type of BusinessTel. (66 2) 670 1500 - 33 Fax (66 2) 670 1548 - 9: Provide management services, consultant services and management advisory for related companies2. GLOW IPP COMPANY LIMITEDHead Office address : 195 Empire Tower 38 th Floor - Park Wing, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120Tel. (66 2) 670 1500 - 33 Fax (66 2) 670 1548 - 9Plant Location: Glow IPP Power Plant42 Moo 8, CIE - 8 Road, Hemaraj Chonburi Industrial Estate, Sriracha District, Chonburi 20230Tel. (038) 345 900 - 5 Fax (038) 345 906Type of Business: Generate and Supply Electricity3. GLOW SPP 1 COMPANY LIMITEDHead Office address : 195 Empire Tower 38 th Floor - Park Wing, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120Tel. (66 2) 670 1500 - 33 Fax (66 2) 670 1548 - 9Plant Location: Glow SPP 1 Plant - Central Utilities Cogeneration Plant10, Soi G - 2, Pakornsongkrawhrat Road, Hemaraj Eastern Industrial Estate (Map Ta Phut),Huaypong, Muang District, Rayong 21150Tel. (038) 685 589 Fax (038) 685 104Type of Business: Generate and Supply Utilities including electricity, steam and demineralized water for industrial use4. GLOW SPP 2 COMPANY LIMITEDHead Office address : 195 Empire Tower 38 th Floor - Park Wing, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120Tel. (66 2) 670 1500 - 33 Fax (66 2) 670 1548 - 9Plant Location: Glow Phase 3 - Hybrid Cogeneration Plant11, I - 5 Road, Map Ta Phut Industrial Estate, Map Ta Phut, Muang District, Rayong 21150Tel. (038) 698 400 – 10 Fax (038) 684 789Type of Business: Generate and Supply Utilities including electricity and steam for industrial use10 Annual Report 2008
5. GLOW SPP 3 COMPANY LIMITEDHead Office address : 195 Empire Tower 38 th Floor - Park Wing, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120Tel. (66 2) 670 1500 - 33 Fax (66 2) 670 1548 - 9Plant Location: Glow Phase 3 - Hybrid Cogeneration Plant11, I - 5 Road, Map Ta Phut Industrial Estate, Map Ta Phut, Muang District, Rayong 21150Tel. (038) 698 400 – 10 Fax (038) 684 789Type of Business: Generate and Supply Utilities including electricity, steam clarified and demineralized water forindustrial use6. GLOW DEMIN WATER COMPANY LIMITEDHead Office address : 195 Empire Tower 38 th Floor - Park Wing, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120Tel. (66 2) 670 1500 - 33 Fax (66 2) 670 1548 - 9Plant Location: 9, Soi G - 2, Pakornsongkrawhrat Road, Hemaraj Eastern Industrial Estate (Map Ta Phut),Huaypong, Muang District, Rayong 21150Tel. (038) 685 589 Fax (038) 685 104Type of Business: Generate and supply demineralised water for industrial use7. GLOW IPP 3 COMPANY LIMITEDHead Office address : 195 Empire Tower 38 th Floor - Park Wing, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120Tel. (66 2) 670 1500 - 33 Fax (66 2) 670 1548 – 9Type of Business: Investment and Development of power generation projects8. GLOW IPP 2 HOLDING COMPANY LIMITEDHead Office address : 195 Empire Tower 38 th Floor - Park Wing, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120Tel. (66 2) 670 1500 - 33 Fax (66 2) 670 1548 – 9Type of Business: Investment in power generation companies9. GHECO-ONE COMPANY LIMITEDHead Office / Plant Location : 11, I-5 Road, Map ta Phut Industrial Estate, Map Ta Phut, Muang District, Rayong 21150Tel. (038) 698 400 - 10 Fax (038) 684 789Type of Business: Generate and Supply Electricity• Number of Employeesas of 31 December 2008• Registered Capitalas of 31 December 2008• Paid up Capitalas of 31 December 2008OTHER REFERENCESBondholder’s RepresentativeAuditor: 490 persons120 persons are located at Bangkok and 370 persons at Plant: 14,828,650,350 baht: 14,628,650,350 baht: Siam Commercial Bank Public Company LimitedTower 2, 3 rd Floor, 1060 New Petchaburi Road, Makkasan, Rajatevee Bangkok 10400Tel. (66 2) 256 2323 - 27: Deloitte Touche Tohmatsu Jaiyos Audit Company Limited183 Rajanakarn Building 25, 26, 28 th Floor, South Sathorn Road, Yannawa, Sathorn, Bangkok 10120Glow Energy Public Company Limited11
Page 10 and 11: FINANCIAL HIGHLIGHTFINANCIAL POSITI
Page 14 and 15: MESSAGE FROM THE CHAIRMANIn 2008 Gl
Page 16 and 17: 14 Annual Report 2008MESSAGE FROM T
Page 18 and 19: THE STRATEGY OF GLOWGlow’s object
Page 20 and 21: VISION, MISSION,CORPORATE CULTUREVI
Page 22 and 23: GOOD CORPORATE GOVERNANCEThe Compan
Page 24 and 25: In addition to disclosing informati
Page 26 and 27: so that the Board, under the guidan
Page 28 and 29: • Review the composition, size an
Page 30 and 31: operational results of the manageme
Page 32 and 33: GLOW IS PROUDTO PLAY VITAL PART IN
Page 34 and 35: • Glow Group also continually con
Page 36 and 37: GHECO-ONEPOWER PLANT PROJECTGHECO-O
Page 38 and 39: BOARD OF DIRECTORS *Mr. Esa Heiskan
Page 40 and 41: Management TeamMr. Esa HeiskanenChi
Page 42 and 43: BUSINESSOVERVIEWWe are one of the l
Page 44 and 45: STRUCTURE OF REVENUESREVENUESWe der
Page 46 and 47: and enhancing our operations, conti
Page 48 and 49: 4. FINANCIAL PERSPECTIVEMaintain an
Page 50 and 51: We operate IPP and cogeneration fac
Page 52 and 53: THE FOLLOWING DIAGRAM SETS OUT OUR
Page 54 and 55: PRODUCTS ANDPRODUCTION FACILITIESOu
Page 56 and 57: PRODUCTION FACILITIESThe following
Page 58 and 59: (E) GLOW SPP 1 PLANTThe Glow SPP 1
Page 60 and 61: RISK FACTORSRISKS RELATING TO US AN
Page 62 and 63:
necessarily reflect our actual fuel
Page 64 and 65:
WE ARE SUBJECT TO SIGNIFICANT CONTR
Page 66 and 67:
In the past, we have been involved
Page 68 and 69:
• The terms relating to PTT’s r
Page 70 and 71:
68 Annual Report 2008SHAREHOLDING A
Page 72 and 73:
Glow Energy Public Company LimitedB
Page 74 and 75:
The company’s management structur
Page 76 and 77:
NAMEPOSITION21. Mr. Chaiwut Rattana
Page 78 and 79:
3. Mr. Kovit Poshyananda (73)Educat
Page 80 and 81:
9. Mr. Rajit Nanda (38)Education: M
Page 82 and 83:
DETAILS OF MANAGEMENT TEAM1. Mr. Pe
Page 84 and 85:
9. Mr. Louis Stephen Holub (47)Educ
Page 86 and 87:
18. Mr. Somchai Klinsuwanmalee (43)
Page 88 and 89:
28. Dr. Somgiat Dekrajangpetch (35)
Page 90 and 91:
Company nameSubsidiariesGlow Glow G
Page 92 and 93:
REMUNERATIONS FOR THE COMMITTEES•
Page 94 and 95:
INTERNAL CONTROLThe Glow Audit Comm
Page 96 and 97:
RELATED PARTY TRANSACTIONSDETAIL OF
Page 98 and 99:
MANAGEMENT‘S DISCUSSIONAND ANALYS
Page 100 and 101:
VOLUMES SOLDYEAR TO DATE ENDED DECE
Page 102 and 103:
The following table shows a breakdo
Page 104 and 105:
The following table sets out the en
Page 106 and 107:
Others income in 2008 amounted to B
Page 108 and 109:
AUDIT COMMITTEE’S REPORTTO: THE S
Page 110 and 111:
FINANCIAL STATEMENTSGLOW ENERGY PUB
Page 112 and 113:
GLOW ENERGY PUBLIC COMPANY LIMITED
Page 114 and 115:
Page 116 and 117:
STATEMENTS OF CHANGESIN SHAREHOLDER
Page 118 and 119:
Page 120 and 121:
Page 122 and 123:
1.3 SUBSIDIARIESAll subsidiaries of
Page 124 and 125:
Depreciation is calculated by refer
Page 126 and 127:
4. SUPPLEMENTAL CASH FLOWS INFORMAT
Page 128 and 129:
9. INVESTMENTS IN SUBSIDIARIES USIN
Page 130 and 131:
10. LONG-TERM LOANS TO RELATED PART
Page 132 and 133:
On April 30, 2008, the Company ente
Page 134 and 135:
13. FINANCE LEASE PAYABLESThe Compa
Page 136 and 137:
THE COMPANY’S LOANFacility Agreem
Page 138 and 139:
On May 8, 2007, Glow IPP Company Li
Page 140 and 141:
17.2 According to the Civil and Com
Page 142 and 143:
All the Company’s sales are domes
Page 144 and 145:
21.2.5 On November 11, 2008, Glow C
Page 146 and 147:
As at December 31, 2008 and 2007, t
Page 148 and 149:
22. TRANSACTIONS WITH RELATED PARTI
Page 150 and 151:
Unit : BahtFOR THE YEARS ENDED DECE
Page 152 and 153:
On February 27, 2008, the Company e
Page 154 and 155:
On February 19, 2008, the Company e
Page 156 and 157:
154 Annual Report 2008use fee of Ba
Page 158 and 159:
23.1.9.4 On February 15, 2005, Glow
Page 160 and 161:
23.2 CONTINGENT LIABILITIES23.2.1 L
Page 162:
27. EVENT AFTER BALANCE SHEET DATEO
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