Revenue The revenue from sales and services according to the consolidated financial statements ended 31 December 2008, 2009 and 2010 are shown below: Year ended 31 December 2009
2008
Details Baht million
2010
%
Baht million
%
Baht million
%
Revenue breakdown by product segment TSR
38,523.75
64
30,584.77
67
58,909.15
70
RSS
14,034.93
23
8,677.45
19
15,046.48
18
6,363.89
11
5,313.98
11
8,168.80
10
1,211.62
2
1,333.56
3
1,720.89
2
60,134.19
100
45,909.76
100
83,845.32
100
Concentrated Latex Others
1
Total revenue from sales and services
Source: Consolidated financial statements prepared in accordance with the Thai GAAP Note: 1. Comprises revenue from (i) the sale of dried rubber wood and wood packing products and (ii) the provision of certain services (such as logistics, research and development and information technology services) to our associates and a joint venture entity as well as other external third parties.
Competition The main natural rubber producing and exporting countries are Thailand, Indonesia and Malaysia. The majority of rubber processors and exporters in such countries are relatively small in scale and do not possess the same scale of operations, technical and product development capabilities as us. We are a dominant natural rubber supply chain operator carrying out our business operations on a multinational platform. We believe that there are currently no companies that are directly comparable to us in terms of business model and scale of business operations. To the best of our knowledge, we believe that our main competitors are primarily larger natural rubber processors and exporters such as Von Bundit Company Limited, Southland Group and Thai Hua Rubber Public Company Limited based in Thailand, The Tat Lee Group and The Kirana Group based in Indonesia, and Lee Rubber Group based in Malaysia and Indonesia. We believe that the major competitive factors in the natural rubber processing industry include product quality, production capability and capacity, economies of scale, customer service, product pricing, geographical presence and management capability.
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