In addition, the Group has adopted International Accounting Standard No. 39, "Financial Instruments: Recognition and Measurement", in the first quarter of year 2000, in advance of its effective date.

The comparatives have been adjusted or extended to take into account the requirements of those newly effective standards.

Note 3. Prior year adjustment

Change in the accounting for joint venture

In the year, the Group has adopted Thai Accounting Standard No. 46, "Financial Reporting for Interests in Joint Ventures", in accounting for its interest in Hachette Filipacchi Post Company Limited. The effect of this change has been to recognise only the proportionate share of each individual balance sheet and income statement items of the jointly controlled company. Previously Hachette Filipacchi Post Company Limited had been consolidated in full and minority interest recognised in the consolidated statements of income and consolidated balance sheets.

The impacts on the consolidated balance sheet as at 31 December 1999 and the consolidated statement of income for the year ended 31 December 1999 have been to reduce the individual line items from Hachette Filipacchi Post Company Limited by 49% and to eliminate minority interest item. The effects on the consolidated and company balance sheets as at 31 December 2000 have been to increase the balances of consolidated and company retained earnings brought forward as at 1 January 2000 in the same amount of Bht 1,841,681 (1999: increase by Bht 1,022,734) and to decrease the balance of minority interests brought forward as at 1 January 2000 by Bht 6,363,200 (1999: increase by Bht 2,463,133). The effects on the consolidated and company results for the year ended 31 December 1999 are to increase the consolidated and company net profits in the same amount of Bht 818,947.

Note 4. Segment information

Financial information by business segments of the Group and the Company for the years ended 31 December 2000 and 1999 comprise:

Consolidated (Baht)
	Newspaper		Magazines		Others		Total
	2000	1999	2000	1999	2000	1999	2000	1999
				Restated		Restated		Restated
Revenues
Sales	909,836,891	788,379,245	92,602,376	68,762,916	56,814,585	62,829,443	1,059,253,852	919,971,604
Expenses
Operating costs	(546,758,482)	(515,746,661)	(73,945,709)	(53,065,941)	(82,385,685)	(76,320,314)	(703,089,876)	(645,132,916)
	363,078,409	272,632,584	18,656,667	15,696,975	(25,571,100)	(13,490,871)	356,163,976	274,838,688
Unallocated costs							(169,635,648)	(164,932,096)
							186,528,328	109,906,592
				Company (Baht)
			Newspaper		Others		Total
			2000	1999	2000	1999	2000	1999
Revenues
Sales			909,836,891	788,379,245	62,790,407	67,918,658	972,627,298	856,297,903
Expenses
Operating costs			(546,758,482)	(515,746,661)	(79,739,597)	(77,147,729)	(626,498,079)	(592,894,390)
			363,078,409	272,632,584	(16,949,190)	(9,229,071)	346,129,219	263,403,513
Unallocated costs							(169,635,648)	(164,932,096)
							176,493,571	98,471,417