Annual Report 2006 - Thai Beverage Public Company Limited

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160The Group primarily utilises forward exchange contracts with maturities of less than one year to hedge such financial assetsand liabilities denominated in foreign currencies. The forward exchange contracts entered into at the balance sheet datealso relate to anticipated purchases and sales, denominated in foreign currencies, for the subsequent period. The table below provides an indication of the Group’s foreign currency positions as at 31 December, relating to theGroup’s exposure and forward exchange contracts used to hedge against the exposure as a result of the Group’s policy.Financial assets denominated in foreign currencies:US Dollar (USD)Euro (EUR)Canadian Dollar (CAD)Singapore Dollar (SGD)OthersTotalFinancial liabilities denominated in foreign currencies:US Dollar (USD)Euro (EUR)Great Britain Pound (GBP)Australian Dollar (AUD)OthersTotalForward exchange contracts to buy foreigncurrencies (mark-to-market value):US Dollar (USD)Euro (EUR)Great Britain Pound (GBP)Australian Dollar (AUD)TotalForward exchange contracts to sell foreigncurrencies (mark-to-market value):US Dollar (USD)Singapore Dollar (SGD)TotalIn foreigncurrency 2006ConsolidatedIn Baht (million)In foreigncurrency 2005In Baht1.10 39.57 0.19 7.840.75 35.55 - 0.110.12 3.78 - -- 0.06 0.15 3.570.12 1.38 - - 80.34 11.529.98 362.17 7.28 299.022.27 108.22 0.79 38.621.26 89.42 0.54 38.120.22 6.47 0.24 7.420.92 4.81 0.05 0.39 571.09 383.5753.25 1,919.99 16.24 667.3916.18 771.15 20.17 991.867.62 539.64 5.41 384.810.87 24.88 3.97 119.55 3,255.66 2,163.61- - 1.20 49.1663.60 1,500.61 - - 1,500.61 49.16
Credit riskCredit risk is the potential financial loss resulting from the failure of a customer or a counterparty to settle its financial andcontractual obligations to the Group as and when they fall due.Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. Credit evaluationsare performed on all customers requiring credit over a certain amount. At the balance sheet date there were no significantconcentrations of credit risk. The maximum exposure to credit risk is represented by the carrying amount of each financialasset in the balance sheet. However, due to the large number of parties comprising the Group’s customer base, managementdoes not anticipate material losses from its debt collection.Liquidity riskThe Group monitors its liquidity risk and maintains a level of cash and cash equivalents deemed adequate by management tofinance the Group’s operations and to mitigate the effects of fluctuations in cash flows.Fair valuesThe fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willingparties in an arm’s length transaction. In determining the fair value of its financial assets and liabilities, the Group takes intoaccount its current circumstances and the costs that would be incurred to exchange or settle the underlying financial instrument. 28. CommitmentsCapital commitments Contracted but not provided for BahtEuro (EUR)US Dollar (USD)Great Britain Pound (GBP)Singapore Dollar (SGD)Authorised but not contracted for BahtEuro (EUR)Non-cancellable operating lease commitmentsWithin one yearAfter one year but within five yearsAfter five yearsTotalConsolidated The Company2006 2005 2006 2005 (in million)620.82 1,330.20 11.00 132.698.59 7.44 - -0.06 - - -2.97 - - -0.11 - 0.11 -2,914.15 2,927.79 1,633.70 1,259.790.56 - - -Consolidated The Company2006 2005 2006 2005 (in million Baht)284.52 275.75 23.78 19.51284.46 214.12 37.77 31.1718.93 0.26 - -587.91 490.13 61.55 50.68161
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Investor InformationAnnual Report 2
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18Message from the ChairmanAnnual R
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20shareholders, investors, stakehol
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22Shareholding StructureAnnual Repo
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24Shareholding StructureAnnual Repo
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27No.Company/LocationType ofBusines
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35List of direct and deemed interes
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37TWENTY LARGEST SHAREHOLDERSNo. Na
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39Net book value of the company fre
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41Mr. VivatTejapaibulDirectorMr. Pu
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431. Mr. Charoen SirivadhanabhakdiE
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45Mr. Komen TantiwiwatthanaphanVice
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47Gen. Dr. Choo-Chat Khumbhu Na Ayu
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49Mr. Samut HatthasingPresidentMr.
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51Mr. Chukiet TangpongprushDirector
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54Responsibility and authorization
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56Name ListOffice of External Affai
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58Product PortfolioAnnual Report 20
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61Corporate Vision“To be the lead
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Today, ThaiBev is Thailand’s larg
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65Related BusinessAs a responsible
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67GroupFor the year ended 31 Decemb
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69Increase (Decrease)Beer/Water % S
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72extent, the Company will take som
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74Net Loss was Baht 22 million whil
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76Net cash provided by operating ac
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78Risk FactorsThaiBev has institute
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80markets, principally in Cambodia,
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826. Our business and our expansion
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84MilestonesAnnual Report 2006 - Th
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88AwardsAnnual Report 2006 - Thai B
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90Corporate Governance ReportAnnual
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93In 2006, we were proudto receive
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95Remuneration CommitteeThe Remuner
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97The Company also established a Re
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99Name of DirectorsRemuneration Ban
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101In support of this, the Board al
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103SportsThaiBev continued its socc
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Audit Report of Certified Public Ac
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107Liabilities and shareholders’
Page 111 and 112: Thai Beverage Public Company Limite
Page 115 and 116: 113Changes in operating assets and
Page 117 and 118: 115Cash flows from financing activi
Page 119 and 120: 117These notes form an integral par
Page 121 and 122: Country of Ownership InterestType o
Page 123 and 124: 2. Basis of preparation of the fina
Page 125 and 126: The allowance for doubtful accounts
Page 127 and 128: No depreciation is provided on free
Page 129 and 130: (p) ExpensesOperating leasesPayment
Page 133 and 134: 131Balances as at 31 December 2006
Page 141 and 142: 8. InventoriesRaw materialsPackagin
Page 143 and 144: Investments accounted for using the
Page 149 and 150: In 2006 and 2005, the Company and s
Page 151 and 152: 14915. Interest-bearing liabilities
Page 153 and 154: The principal features of the borro
Page 155 and 156: 17. Other current liabilitiesAdvanc
Page 157 and 158: Legal reserveSection 116 of the Pub
Page 159 and 160: Geographical segmentsThe segment fi
Page 161: 25. Promotional privilegesPromotion
Page 165 and 166: The subsidiary has appealed and the
Page 167 and 168: provide termination benefits as a r
Page 169 and 170: Interested Persons Transactions Rep
Page 171 and 172: 169Revenue from sales and service i
Page 173 and 174: 171Cost of salesAttachment 4Jan. -
Page 175 and 176: 173Other expensesAttachment 6Jan. -
Page 177 and 178: 175Accountds receivableCompanyAttac
Page 179 and 180: 177Amount due from and advancesComp
Page 181 and 182: 179Amount due to and advancesCompan
Page 183 and 184: 181(b) the review procedures referr
Page 185 and 186: 183Classes of Mandated Interested P
Page 187 and 188: 185In relation to paragraph (j) abo
Page 189 and 190: 187and other requirements under par
Page 191 and 192: Accounting Manual Policy / SAP Syst
Page 193 and 194: Announcements to SGX 2006Annual Rep
Page 195 and 196: 193Company NameAddressPostCode Tele
Page 197 and 198: 195Company NameAddressPostCode Tele
Page 199: Company NameAddressPostCode Telepho
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Annual Report 2006 - Thai Beverage Public Company Limited

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