Bangkok Post Annual report 2000

The Post Publishing Public Company Limited
Statements of Income
For the years ended 31 December 2000 and 1999

Consolidated

Company

2000

1999

2000

1999

Restated

Notes

Baht

Revenues

Sales

1,059,253,852

919,971,604

972,627,298

856,297,903

Interest income

10,172,989

14,000,747

10,786,683

14,571,054

Other income

27,143,911

25,728,421

27,532,485

26,301,395

Total revenues

1,096,570,752

959,700,772

1,010,946,466

897,170,352

Expenses

Cost of goods sold

583,343,357

536,431,622

529,949,178

499,849,051

Selling and administrative expenses

283,341,617

269,148,89

260,143,999

253,492,935

Interest expenses

1,076,704

1,236,712

72,134

106,589

Directors’ fees

6,040,550

4,484,500

6,040,550

4,484,500

Total expenses

873,802,228

811,301,724

796,205,861

757,933,075

Operating profit

222,768,524

148,399,048

214,740,605

139,237,277

Share of profit from joint ventures

—

7,421,077

8,098,774

Share of loss from subsidiary companies

—

(37,332)

(24,823)

Share of loss from joint ventures

—

(2,600,828)

—

Profit before income tax

and minority interests

222,768,524

148,399,048

219,523,522

147,311,228

Income tax

(70,992,906)

(43,151,454)

(68,999,596)

(43,151,454)

Profit before minority interests

151,775,618

105,247,594

150,523,926

104,159,774

Minority interests

(1,251,692)

(1,087,820)

—

Net profit for the year

150,523,926

104,159,774

150,523,926

104,159,774

Earnings per share

Net profit for the year

3.01

2.08

3.01

2.08

The notes to the consolidated and company financial statements are an integral part of the financial statements.