14. Legal Reserve and Dividend Paid The minutes of the annual general meeting No.1/2007 held on April 27, 2007, it was unanimously
resolved to pay dividends from the result of the operation in 2006 for 200 million shares at Baht 0.80 per share
aggregating to Baht 160.00 million. The dividends were paid on May 25, 2007. The minutes of the annual general meeting No.1/2006 held on April 10, 2006, it was unanimously
resolved to pay dividends from the result of the operation in 2005 for 200 million shares at Baht 0.75 per share
aggregating to Baht 150.00 million. The dividends were paid on May 10, 2006. Under the Public Company Act B.E. 2535, the Company should appropriate a part of its retained
earnings as a legal reserve fund of not less than 5% of net profit less any retained loss carried forward
(if applicable) until the reserve fund holds not less than 10% of registered capital. The legal reserve could not
be used to pay dividend. 15. Directors’ Remuneration The directors’ remuneration is benefits paid to directors of the Company as per section 90 of the
Public Companies Limited Act excluding salaries and related fringe benefits paid to executive directors. 16. Corporate Income Tax For the years ended December 31, 2007 and 2006, the Company calculated corporate income tax
at 30% and 25%-30% respectively of profit before tax but after adding back expenses not allowed for
tax calculation. The difference in tax rates is due to the fact that the Company ceased to receive tax benefit
under Administrative Decree No. 387 B.E. 2544 which authorised the decrease of tax rate to 25% of net profit
particularly for the portion not more than Baht 300 million covering the period of 5 consecutive accounting
years. 17. Provident fund The Company and employees of the Company have jointly established a provident fund in
accordance with the Provident Fund Act B.E. 2530. The Company and the employees contributed to the fund
monthly at the rate of 3.00% of basic salary. The fund, which is managed by Thanachart Fund Management
Co., Ltd. will be paid to the employees upon termination in accordance with the fund rules. During the years
ended December 31, 2007 and 2006, the Company’s contribution amounted to approximately Baht 4.70
million and Baht 4.43 million respectively.
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