ar 08 EN - Investor Relations

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GLOW IS PROUDTO PLAY VITAL PART IN COMMUNITYAND SOCIAL DEVELOPMENTGlow Group has been implementing social development programsin the communities nearby its plants since the start of operationsover 15 years ago.Social partnership and conducting our business in sustainablemanner are part of our culture. We care about the people, thecommunities and the natural environment where we conduct ourbusiness.30 Annual Report 2008
Some of the Corporate Social Responsibility activities weundertook in 2008 were :1. COMMUNITY AND SOCIAL DEVELOPMENTACTIVITIES• Glow Group together with Energy Assistance and the Officeof Her Royal Highness Princess Sirindhorn’s Projectsdeveloped the mini hydropower to produce power in theBan Kong Po Tai, Omkoi District, Chiang Mai. Aftersuccessfully operating the power plant, there is a need tofurther develop an irrigation system which water comefrom mini hydropower plant. This project will make thevillagers there having water for agricultural purpose all yearround. In 2008, Glow continued to support ruraldevelopment projects in collaboration with the Office ofHer Royal Highness Princess Sirindhorn. In particular, theCompany supported both technically and financiallyinstallation of mini hydropower plant for hill tribe village inChiang Mai. This project is continued with study onimmigration project downstream from the mini hydropowerplant. The construction phase will be started in 2009.• The Company has contributed throughout the year to theEnergy funds for the development of the localcommunities near to its power plants.• The Company has worked together with the Quality of Lifeand Environment Development Foundation to help todevelop communities in Map Ta Phut and Ban Chang.• The Company has supported together with ‘Strong RayongFoundation’ projects developing agriculture, industry andtourism in Rayong.• The Company has supported recycling project in Map TaPhut Muslim community.2. EDUCATIONAL ACTIVITIES• Glow, in collaboration with Rayong Province and theIndustrial Estate Authority of Thailand, jointly arranged‘Rayong English Camp 2008’ for students in Map Ta Phutand Ban Chang.• Glow together with Rayong Province, Map Ta PhutMunicipality and the Office of Rayong Education ServiceZone 1 jointly arranged tutoring program for local highschool students preparing for university entranceexamination. The program included pre-entry test andreview of O-Net and A-Net subjects.• Glow granted two scholarships for undergraduate studentsselected from participants to 2007 session of tutoringprogram for university entrance examination.• Glow launched new website “www.glowfamily.in.th” basedcommunication channel between Glow and the youth whoparticipate in various educational projects. It serves toupdate on educational information and other activitiesarranged by Glow Group.Glow Energy Public Company Limited31
Page 10 and 11: FINANCIAL HIGHLIGHTFINANCIAL POSITI
Page 12 and 13: GENERAL INFORMATIONGLOW ENERGY PUBL
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 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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ar 08 EN - Investor Relations

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