Note 14. Share capital

Share capital as at 31 December 2000 and 1999 are as follows:

	Consolidated & Company
	2000		1999
	Baht		Baht
Registered share capital 50,500,000 ordinary shares, par value Bht 10	505,000,000		505,000,000
Issued and fully paid - up shares 50,000,000 ordinary shares, par value Bht 10	505,000,000		505,000,000

Note 15. Dividend

Dividend payable is accounted for when it has been ratified at the annual general meeting or approved at the Board of Directors' meeting in case of interim dividend payment.

At the annual general meeting of shareholders held on 30 April 1999, the shareholders resolved to declare a dividend for the year ended 31 December 1998 of Bht 1.50 per share, totalling Bht 75 million. The dividend was distributed to the shareholders on 14 May 1999.

On 17 December 1999, the Board of Directors approved an interim dividend appropriated from the retained earnings as at 1 January 1999 and the result of operations for the nine-month period ended 30 September 1999 of Bht 1.50 per share, totalling Bht 75 million. The interim dividend was distributed to the shareholders on 14 January 2000.

At the annual general meeting of shareholders held on 28 April 2000, the shareholders approved a dividend appropriated from the retained earnings as at 1 January 1999 and the result of operations for the year 1999 of Bht 3 per share, totalling Bht 150 million. The Company paid the interim dividend of Bht 1.50 per share, totalling Bht 75 million, in January 2000. The remaining dividend of Bht 75 million was distributed to the shareholders in May 2000.

On 27 October 2000, the Board of Directors approved an interim dividend appropriated from the retained earnings as at 1 January 2000 and the result of operations for the nine - month period ended 30 September 2000 of Bht 1.50 per share, totalling Bht 75 million. The interim dividend was distributed to the shareholders on 24 November 2000.

Note 16. Legal reserve

The Company allocates not less than 5 per cent of its annual net profit less the accumulated losses brought forward (if any) to a reserve fund until this fund attains an amount not less than 10 per cent of the registered capital.

Note 17. Income tax

Income tax for the years ended 31 December 2000 and 1999 comprise:

	Consolidated
	2000		1999
	Baht		Baht
Current tax	65,448,107		43,840,016
Deferred income taxes (Note 11)	5,544,799		(688,562)
Total income tax	70,992,906		43,151,454
	Company
	2000		1999
	Baht		Baht
Current tax	63,454,797		43,840,016
Deferred income taxes (Note 11)	5,544,799		(688,562)
Total income tax	68,999,596		43,151,454

Note 18. Earnings per share

Earnings per share is calculated by dividing the net profit for the year attributable to shareholders by the weighted average number of paid - up ordinary shares in issue during the year.

	Consolidated and Company
	2000	1999	2000		1999
		Restated			Restated
Net profit attributable to shareholders (Baht)	150,523,926	104,159,774	150,523,926		104,159,774
Weighted average number of paid-up ordinary shares in issue (shares)	50,000,000	50,000,000	50,000,000		50,000,000
Earnings per share (Baht)	3.01	2.08	3.01		2.08

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