NOTES TO FINANCIAL STATEMENTS GUNKUL ENGINEERING PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES DECEMBER 31, 2012 AND 2011
1. General information Gunkul Engineering Public Company Limited (“the Company”) is a public limited company and is incorporated in Thailand. The address of the Company’s registered office is 1038-1046 Nakornchaisri Road, Nakornchaisri, Dusit, Bangkok. The principal activities of the Company and subsidiaries (“the Group”) involve manufacture, distribution and importation and exportation of electrical hard ware and equipment including generate and sell electricity.
2. Basis of preparation of financial statements The consolidated and separate financial statements are presented in Thai language and Thai Baht, and in conformity with Thai generally accepted accounting principles under the Accounting Act B.E. 2543, being those Thai Accounting Standards issued under the Accounting Profession Act B.E. 2547, and the financial reporting requirements of the Capital Market Supervisory Board under the Securities and Exchange Act B.E. 2535 (or 1992). The consolidated and separate financial statements have been prepared under the historical cost convention except as disclosed in the accounting policies below. The preparation of financial statements in conformity with Thai Generally Accepted Accounting Principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the amounts of revenues and expenses in the reported periods. Actual results may differ from those estimates. Although the management has most well prepared the figures of estimation from the understanding of events and the things that have been done presently. Gunkul Engineering Public Company Limited
GUNKUL_2012 GUNKUL ENGINEERING PCL Annual Report 2012