ptg: prospectus
DESCRIPTION
ProspectusTRANSCRIPT
-
() () PTG Energy Public Company Limited
()
420,000,000 1.00 3.90 1) 33,400,000
2) 386,600,000 ( )
17 20 22 2556 09.00 . 16.00 .
() ()
() ()
28 2555 16 2556
82 .. 2535
15 93/1 9.00 . 12.00 . 13.00 . 16.00 . http://www.sec.or.th
:
-
1 (Executive Summary). 1 1
2 .. 2 1
1. ................................................................................... 2 - 3 2. ..................................................................... 2 - 21 3. ... 2 - 29 4. ............................................................................... 2 - 76 5. . 2 - 77 6. .. 2 - 102 7. 2 - 106 8. . 2 - 107 9. ... 2 - 111 10. .. 2 - 142 11. ................................................................................ 2 - 161 12. . 2 - 207 13. . 2 - 256
3 .. 3 - 1 1. ... 3 - 1 2. .. 3 - 4 3. 3 - 4 4. 3 - 6 5. 3 - 6
4 ... 4 - 1
1 2 3 4 3 31 2556
31 2555 2554 31 2554 2553 31 2553 2552
5 31 2556
-
()
1 - 1
1 (Executive Summary)
www.sec.or.th
(IPO) ()
: 17 20 22 2556
: () (PTG) : : 420,000,000 25.15
1. 386,600,000
23.15
2. 33,400,000 2.00
: 3.90 3.90
: 1,638,000,000 90
:
(par) : 1.00 (book value) : 0.89 31
2556 1,495.54 1,670.00
-
()
1 - 2
(Fully Diluted) (P/E ratio)
: 19.12 (Earning per Share) 4 ( 1 2555 31 2556) 340.71 1,670.00 (Fully Diluted) 0.20
P/E ratio
: P/E ()
()
() 11.19 1.00 () () N/A 1/ 4.9338 () 12.38 1.00 . () 9.33 10.00
1/ 4 (P/E Ratio)
: (SET) : (Profit Test)
1/
1.
PT
1,190 2556 2558
160 2556 2557
PT 40 2556
PT
60 2556
2. PT 60 2556 3.
60 2556 2557
4. 35.43 2556 1,605.43
-
()
1 - 3
PTC
30 () 10 90 ()
/
() ( PTG) 21 2531
PT 8 PT 574 2555
5
1. PT PT 2
-
()
1 - 4
1.1
PTC
(Company Owned Company Operated) ( COCO) COCO
COCO 31
2555 COCO 397
1.2 COCO
(Dealer Owned Dealer Operated) ( DODO) PT COCO 31 2555 DODO 177
2.
3.
31 2555 236 7.77
-
()
1 - 5
4. PT
PTC PT Mart Max Mart
PT COCO PT PT 31 2555 PT Mart Max Mart 56
5.
Castrol COCO COCO (Oil Tank) 31 2555 7 185.84
31 2555 4/
() ()
()
()
1. 1/ 547,896,660 43.83 548,535,634 32.85
2. 335,040,000 26.80 335,140,000 20.07
3. 2/ 155,960,000 12.48 156,060,000 9.35
4. 75,469,340 6.04 75,569,340 4.53
5. 3/ 36,385,000 2.91 36,790,274 2.20
6. 29,120,000 2.33 29,120,000 1.74
7. 29,120,000 2.33 29,120,000 1.74
8. 19,400,000 1.55 19,400,000 1.16
9. 15,200,000 1.22 15,200,000 0.91
10. 5/ - - 32,055,752 1.92
11. - - 386,600,000 23.15
12. 6,409,000 0.51 6,409,000 0.38 1,250,000,000 100.00 1,670,000,000 100.00
-
()
1 - 6
: 1/ 1) 2) 3) 4) 5) 6)
2/ 1) 2)
3/ 1) 2)
4/
5/ 33.40 31.96
31 2555
1.
2. 3. 4. 5. 6. 7. 8. 9.
1.
1.1. 1.2. 1.3. 1.4.
-
()
1 - 7
2. 2.1. (Supplier) 2.2.
10 10
2.3. 2.4. COCO
2.5. 2.6. 2.7. 2.8.
2.9. 2.10.
2.11. 2.12.
3. 3.1.
4. 4.1.
31
2552 2555
2552 2553 2554 2555 () 9,676.83 15,681.14 27,816.71 41,723.68 9,199.69 14,970.51 26,742.18 39,991.38 477.14 710.63 1,074.53 1,732.30 90.45 89.15 226.42 359.99
-
()
1 - 8
2552 2553 2554 2555
() 1,796.92 2,126.77 2,874.64 3,890.05 1,064.19 1,304.91 1,847.74 2,505.18 732.74 821.87 1,026.89 1,384.87
1/ 0.07 0.07 0.18 0.22
1.45 1.59 1.80 1.81 5.36 4.54 9.05 10.64 13.51 11.47 24.49 29.85
: 1/ 2552 2555 1,250 10.00 1.00 2552
99.0 99.3 2554 2555 9,676.83 2552 15,681.14 2553 27,816.71 2554 41,723.68 2555 PT COCO ( PT DODO) 477.14 2552 710.63 2553 1,074.53 2554 1,732.30 2555 COCO PT PT () 73.77 2552 99.45 2553 241.75 2554 406.51 2555 90.45 2552 89.15 2553 226.42 2554 359.99 2555 2553 () 2552 2552 32.69 2552 (Tax
-
()
1 - 9
Loss Carried Forward) 2552 2552
2552 2555 1,796.92 2,126.77
2,874.64 3,890.05 1,064.19 1,304.91 1,847.74 2,505.18 2552 2555
( ) 2552 732.74
821.82 2553 1,024.84 2554 1,384.79 2555 2552 ( ) ( ) 578.27 2552 286.17 2554 2555 59.50 1.51 225.16 2555 359.95 2555 134.79 ( ) 1,384.79
12 2556 (Deferred Tax) (Accounting Book Value) (Tax Book Value) (Deferred Tax Liability) / (Deferred Tax Asset)
-
()
1 - 10
2555 (Deferred Tax Asset) 25.48 2555 3,890.05 3,915.53 0.66 (Deferred Tax Liability) 39.53 2,505.18 2,544.71 1.58 (Deferred Tax) 2555 14.05 10.42 ( ) 2555 1,384.79 1,370.74 1.01 31 2556
3 2556 11,877.79 23.40 3 2555 COCO PT COCO PT ( ) 3 2556 3 2555 COCO
3 2556 568.06
3 2555 406.46 3 2556 4.78 2555 4.15 3 2556 56.6 3 2556 124.81 3 2555 140.39 PT
-
()
1 - 11
31 2556
2556 3,954.68 2555 3,915.53 COCO 2556 2555 2,459.06 2555 85.65 12 2555 2555 14.04 ( ) 1,370.74 2556 124.79 3 2556 ( ) 1,495.54
: : 90 33
10310 : 0-2168-3377, 0-2168-3388 E-mail Address : [email protected]
( 2 3 )
-
()
2 - 1
2
: () : (
COCO) 1) ( DODO) 2) 3)
: 90 33 10310
: 0107538000703 ( .593) : 0-2168-3377, 0-2168-3388 0-2168-3379, 0-2168-3389 Homepage : www.ptgenergy.co.th
( : )
1/
1.
PT
1,190 2556 2558
160 2556 2557
PT 40 2556
PT
60 2556
2. PT 60 2556 3.
60 2556 2557
-
()
2 - 2
1/
4. 35.43 2556 1,605.43
: 1/ 2 6.
-
()
2 - 3
1.
/
(Forward-Looking Statements)
/
1.1
1.1.1
( COCO) 1) ( DODO) 2) 3) / 1) 2) 3)
-
()
2 - 4
2554 2555 44.05 52.39 8.17 6.80
()
1.1.2
-
()
2 - 5
( COCO) COCO COCO
1.1.3
COCO / 31 2555 408.84 333.75
1.1.4
-
()
2 - 6
30 30
1.2
1.2.1 (Supplier)
() (
) (Complex Refinery) (Single-site) 275,000 ( 2554 ( 56-1) ) 235.26 2552 443.31 2553 926.20 2554 1,350.28 2555 66.0 78.7 97.0 98.0 2552 2555 (Supplier)
15 5 ( () 2 5. 5.2.1 )
-
()
2 - 7
2554 2555 438.01 753.42 135.08 132.38 2554 2553 297.78 92.53 2555 2554 327.74 96.75 2554 2555 4,705.46 5,371.34 968.71 1,569.27
Jobber (Supplier)
1.2.2
10 10 ( PTG)
7 .. 2543 7 5 (PTC) 11 .. 2543 PTC 8 ( 10) 1. (PMO) 2. (APO) 3. (EPO) 4. (EVO) 5. (ALO) 6. (ADO) 7. (PRN) 8. (OLP) 10 .. 2543 PTC 10
-
()
2 - 8
PTC 10
7 PTC 10 PTC 10 7
10 2555 10 29.30 ( 10 2555 586.00 5) 839.73 ( 2555 28.66 ) 59.41 ( MLR 5 2555 7.075) 586.00 10 0.10
10
10 10 7 10 10 7 10
1.2.3
75.0 PT COCO
-
()
2 - 9
1.1.4
300 2556
2555 2556 23 2.95 2555 2555 2555 10.87
1.2.4 COCO
PT
PT ( COCO) PT ( DODO) PT 248 2552 338 2553 437 2554 574 2555 COCO COCO 101 2552 184 2553 272 2554 397 2555 COCO 100 5 COCO
COCO
-
()
2 - 10
1 3
(Sale) COCO 3 COCO COCO COCO
1.2.5
( 3 ) PT
-
()
2 - 11
( 3 ) 31 2555 COCO 397 PTC 21 PTC 376 3 53.7 3 10 41.0 10 5.3
1 2553 5 2555
0.5 1.3 COCO 2553 2555
-
()
2 - 12
1.2.6
PT ( DODO) ( ) 5
( )
1.2.7
( )
PT
( COCO) ( DODO) PT
-
()
2 - 13
2552 2555 DODO 59.3 45.6 37.8 30.8 PT DODO 20 PT
1.2.8
31.3 32.9 2554 2555 Jobber ( Jobber) Jobber 10 75.4 75.7 2554 2555 Jobber 29.8 19.3 2554 2555 Jobber 10 Jobber Jobber Jobber
Jobber
Jobber
-
()
2 - 14
Jobber 2553 2555 124.9 182.7 58.3
1.2.9
1.2.10
7
-
()
2 - 15
(Oil Industry
Environmental Safety Group Association: IESG) IESG IESG
7
1.2.11
-
()
2 - 16
COCO COCO 2 1
( GPS)
33 35,794 2554 59 51,936 2555 0.1 ()
-
()
2 - 17
1.2.12
PT ( GPS)
-
()
2 - 18
PT PTC ( COCO) (Mobile Lab)
2554 2555 4.58 5.97 0.02 0.01 2554 2555
1.2.13
2554 PT ( COCO) 15 ( ) 16.51 1.5 2554
2555
-
()
2 - 19
(All Risk)
1.3
1.3.1
10 3
( ) 31 2555 83.1 ( 43.8 26.8 12.5 ) 62.3 ( 2 8. 8.2 )
10 3
3 3 9
-
()
2 - 20
1.4
1.4.1
()
28 2555 .. 2544 ( 1 2554) (Profit Test) 2 3 50 30 1,000 25
-
()
2 - 21
2.
2.1 () ( PTG) 21 2531
2
PT ( PT)
PT
PT PT 31 2555 PT 574
2531 : o 21 2531 1.00 0.01 100.00
2535 : o 264.00 2.63 100.00
o (PTC) 7 2535 100.00 1.00 100.00
2536 : o 400.00 1.36 100.00
2537 : o 500.00 1.00 100.00
o PTC PTC 99.99
-
()
2 - 22
2538 : o o 100.00 10.00
5.00 50.00 o 1,000.00
50.00 10.00 5.00 7 20.00 25.00
2544 : o 750.00 250.00 25.00
o 1,250.00 50.00 10.00 12.45 37.55 ( )
2547 : o () ()
2548 : o PTC 600.00 5.00 100.00
2549 : o () ( ) ()
2552 : o (PMO) 1.00 10,000 100.00 9,997 PMO 100.00 1 100.00
-
()
2 - 23
o
(APO) 1.00 10,000 100.00 9,997 APO 100.00
2554 o (EPO) 1.00 10,000 100.00 9,997 EPO 100.00 1 100.00
o (EVO) 1.00 10,000 100.00 9,997 EVO 100.00 1 100.00
o (ALO) 1.00 10,000 100.00 9,997 ALO 100.00
o (ADO) 1.00 10,000 100.00 9,997 ADO 100.00
o () 2555 o ISO 9001
( ) o PTC 439.98
100.00 73.33 PTC
-
()
2 - 24
o (PRN) 1.00 10,000 100.00
o (OLP) 1.00 10,000 100.00
o () 5.00 50,000 100 49,997 100.00
o 10.00 1.00 125.00 1,250 420.00 386.60 33.40
2.2
() ( TOP) ( ) PT PT 2
1) (Company Owned Outlet)
PT (Company Owned Company Operated) ( COCO) PTC COCO
2) (Franchise)
PT PT (Dealer Owned Dealer Operated) ( DODO) DODO ( )
-
()
2 - 25
DODO 10 , PT DODO COCO
10
( Jobber) Jobber 10
- ()
7 ..
2543 1) 2) 3) 12 .. 2543
-
(PTC) 90
33 10310 99.99 PTC 11 .. 2543 PT COCO PTC PT PT Mart ( PT Mart) PTC PT Mart Max Mart PTC
-
()
2 - 26
Castrol COCO COCO
- 10
31 2555 10
.. 2543 8 ( 10)
o (PMO) 99.98 o (APO) 99.97 o (EPO) 99.98 o (EVO) 99.98 o (ALO) 99.97 o (ADO) 99.97 o (PRN) 99.97 o (OLP) 99.97 10 90
33 10310 10 1) 2) 3) 10 10 1 2 10 (100,000 ) 10
-
() 90 33 10310 99.99 PT ()
-
()
2 - 27
2.3
2.4
2552 2553 2554 2555
1.
PT PTG
1.1) ( COCO)
PTC 4,039.85 41.3 7,432.19 47.1 11,905.46 42.6 19,728.41 47.2
1.2) ( DODO)
PTG ( PTC)
4,058.82 41.5 5,518.34 35.0 7,029.76 25.1 8,064.67 19.3
2.
PTG ( PTC)
1,179.92 12.1 2,455.35 15.6 8,610.33 30.8 13,629.46 32.6
3. PTG 39.35 0.4 29.57 0.2 18.09 0.1 13.27 0.0 4.
PT PTC
165.64 1.7 204.51 1.3 228.78 0.8 230.76 0.6
5. 1/ PTG 290.18 3.0 127.77 0.8 158.95 0.6 152.75 0.4
: 1/ 1) 2)
()
99.98 99.97
99.98 99.98
99.97 99.97
99.97 99.97
99.99
99.99
-
()
2 - 28
2.5
PT 5 PT COCO DODO COCO COCO 100 DODO 25 5
-
()
2 - 29
3.
3.1
3.1.1
2554 2555 27,545.54 41,422.53 948.05 2554 1,372.53 2555 2554 2555 98.5 99.1 2
1) (Fuel Product)
2 - ( ) - 95 95 (E10)
91 (E10) ( ) 2554
2555 75.0 75.7
-
()
2 - 30
2552 2555
2) (Non-fuel Product)
PT PT
3.1.2
3.2
5
1) PT
1.1) 1.2)
2) 3) 4) PT 5)
26.7% 25.9% 25.0% 24.3%
73.3% 74.1% 75.0% 75.7%
0.0%
20.0%
40.0%
60.0%
80.0%
100.0%
2552 2553 2554 2555
-
()
2 - 31
3.2.1 PT PT 2554 2555
18,935.22 27,793.08 638.54 2554 899.51 2555 PT 68.7 67.1 PT 2
1) COCO
2) DODO
3.2.1.1
2554 2555
11,905.46 19,728.41 397.63 2554 633.82 2555 43.2 47.6 COCO (PTC)
COCO
COCO COCO COCO
-
()
2 - 32
COCO
1)
2)
3) (Cashier)
4)
-
()
2 - 33
COCO PT
COCO
( ) 9 1 5.00 . 14.00 . 2 13.00 . 22.00 . 3 21.00 . 6.00 . 1 COCO 22.00 . 5.00 . 2 5.00 . 22.00 . 3 24
-
()
2 - 34
COCO ( 2 3. 3.3 )
COCO 1)
COCO COCO
2) COCO
3) COCO
COCO
COCO
COCO
-
()
2 - 35
COCO 2552 2555
COCO 2552 2555
COCO
2555
COCO
1. 42 10.6 2. 83 20.9 3. 37 9.3 4. 149 37.5 5. 37 9.3 6. 34 8.6 7. 15 3.8
397 100.0 COCO
COCO PT ( PT COCO 2 5. 5.1.2 COCO)
101 184
272
397
0
100
200
300
400
500
2552 2553 2554 2555
-
()
2 - 36
COCO
1) (Sale)
2) ( ) ( (IRR) (Payback Period) )
3)
4) PTC COCO PT ()
5)
6)
-
()
2 - 37
7)
COCO
1 3
PT PT 90 COCO COCO (Mobile Lab) PT COCO DODO PT ( 2 3. 3.6 )
PT
-
()
2 - 38
PT (www.ptgenergy.co.th) Facebook (www.facebook.com/ptstation)
PT
PT
( )
()
() ()
: (1) (2)
(1)
(2)
-
()
2 - 39
3.2.1.2 10
DODO PT ( ) 2554 2555 7,029.76 8,064.67 240.91 2554 265.69 2555 25.5 19.5
( ) ( 2 5. 5.2.4 )
DODO
COCO DODO
1) (Sale)
2)
-
()
2 - 40
( )
3) -
- ( 2 3. 3.3 )
4) (P/O)
5) -
-
6) ( 2 3. 3.2.3 ) PT
1) 2) 3)
-
()
2 - 41
DODO ( ) 2552 2555
DODO 2552 2555
DODO
2555
DODO
1. 13 7.3 2. 26 14.7 3. 22 12.4 4. 70 39.6 5. 10 5.7 6. 14 7.9 7. 22 12.4
177 100.0 (Sale)
COCO
147 154 165 177
0
50
100
150
200
2552 2553 2554 2555
-
()
2 - 42
1)
2)
3)
4) ( DODO) (Credit Control)
5) (L/G)
PT
-
()
2 - 43
COCO
DODO COCO
( (3) ) ( (2) )
(2)
les
(3)
(1)
-
()
2 - 44
( )
3.2.2
DODO
10 2554 2555 8,610.33 13,629.46 309.51 2554 473.03 2555 31.3 32.9
1) (Sale)
2)
( )
3) -
-
(
-
()
2 - 45
2 3. 3.3 )
4) (P/O) (P/O)
5) -
-
6) ( 2 3. 3.2.3 )
1)
Jobber ( Jobber)
2)
3)
-
()
2 - 46
(Sale)
1)
2)
3) (Credit Control)
-
()
2 - 47
3.2.3
12 .. 2543 2555 236 7.77 2552 PT
2552 2555
109 127 154
236 2.89 3.53
4.61
7.77
0.01.02.03.04.05.06.07.08.0
050
100150200250
2552 2553 2554 2555
-
()
2 - 48
( ) /
COCO (Purchase Order) PT COCO
-
()
2 - 49
COCO
COCO
1)
2)
3)
( GPS) GPS
-
()
2 - 50
1 2
2 1) 20,000
( ) 2) 20,000 ( ) 2 () COCO ()
COCO () COCO 2 2555 236
() ()
74 1.30 162 6.47
() 3 COCO
-
()
2 - 51
2 1) PTC
10 2) Jobber PT PTC 10 2554 2555 PTC 10 94.4 97.5
1)
2)
3)
PTC 10
COCO
-
()
2 - 52
COCO
/ GPS
COCO
3.2.4 PT
PT
PT PTC PT Mart ( PT Mart) Max Mart ( Max Mart) Max Mart
-
()
2 - 53
PT PTC ( COCO) PT Mart PT 2554 2555 0.8 0.6
PT Mart Max Mart
(Cashier) ( ) PT PT 5.00 22.00 . 5.00 22.00 . ()
( )
PT 1)
PT 2) PT
-
()
2 - 54
2554 2555 PT Mart
Max Mart 35 56 2555 Max Mart ( Max Mart 2 6. 6.1.4 PT) PT COCO PT 1) 2) 3) PT
PT Mart Max Mart Max Mart PT Mart Max Mart
-
()
2 - 55
3.2.5
0.6 0.4 2554 2555 (Oil Tank) (Oil Tank) (Oil Tank) ( 2 3. 3.5 )
Castrol
COCO DODO COCO
3.3
PT
-
()
2 - 56
2555
94.06 5.94 30
86.25 2555 84.99 2555 3 2555
3 91.88% 98.75% 3 7 4.58% 0.53% 7 15 0.00% 0.52% 15 30 3.53% 0.12% 30 35 0.00% 0.08%
(L/G)
-
()
2 - 57
1)
2)
(Sale)
(Credit Control)
(Sale) 60
-
()
2 - 58
(L/G) 90
2554 2555 2.08 1.20
3.4
3.4.1 2555 7
() ) () () () () () () () () () () () 7 1.09 89.4 2555 2555
()
()
()
1. 275.00 271.24 98.6 2. 215.00 174.92 81.4 3. 150.00 163.01 108.7 4. 145.00 147.44 101.7 5. 170.00 142.25 83.7 6. 120.00 76.73 63.9 7. 1/ 17.00 1.16 6.8 1,092.00 973.83 89.4
: : 1/ 7 2555
-
()
2 - 59
0.17 2529 0.98 2555 (CAGR) 6.6 2534 112.4 0.22 2534 0.82 2539 0.25 2534 0.66 2539 2554 0.94 0.96 2553 4 1 2555 2555 0.98
: : 1/ 100.0
5 1)
0
200
400
600
800
1,000
1,200
0.00%
20.00%
40.00%
60.00%
80.00%
100.00%
120.00%
2529 2531 2533 2535 2537 2539 2541 2543 2545 2547 2549 2551 2553 2555
2529 2555
-
()
2 - 60
2) 95 91 95 (E10) 91 (E10) 95 (E20) 95 (E85)
3) 1 8 4) 5)
54 20 2552 2555 79 83 84 88 2552 2555
2552 2553 2554 2555
() 22,488.98 23,304.83 23,098.60 25,124.62 () 18,465.31 18,479.67 19,192.15 20,564.63 () 82.1 79.3 83.1 81.9
() 8,852.07 8,741.82 8,325.89 9,150.10
() 7,524.38 7,416.76 7,331.14 7,704.96 () 85.0 84.8 88.1 84.2
() 6,884.19 5,999.80 5,815.80 6,138.11 () 2,730.91 2,615.22 2,455.93 2,363.34 () 39.7 43.6 42.2 38.5
() 5,975.04 6,196.06 6,292.73 5,857.77 () 4,431.59 4,711.69 5,076.52 5,091.40
() 74.2 76.0 80.7 86.9
() 92.88 466.71 151.80 75.86 () 17.64 15.25 12.97 13.44 () 19.0 3.3 8.5 17.7
() 44,293.15 44,709.22 43,684.82 46,346.45 () 33,169.83 33,238.98 34,068.70 35,737.76 () 74.9 74.3 78.0 77.1
:
-
()
2 - 61
2552 2555 58 60 79 81 10 2552 2555
2552 2553 2554 2555
()
()
()
()
()
()
()
()
10,746.37 58.2 10,614.89 57.4 11,448.10 59.6 11,992.83 58.3 817.92 4.4 750.98 4.1 663.11 3.5 750.76 3.7 804.46 4.4 825.58 4.5 921.41 4.8 1,083.18 5.3 28.87 0.2 48.61 0.3 32.15 0.2 50.33 0.2 549.45 3.0 547.72 3.0 521.58 2.7 577.14 2.8 2,576.97 14.0 2,317.85 12.5 2,136.90 11.1 2,319.11 11.3 10 2,941.27 15.9 3,374.05 18.3 3,468.90 18.1 3,791.28 18.4
18,465.31 100.0 18,479.67 100.0 19,192.15 100.0 20,564.63 100.0 5,938.97 78.9 5,880.51 79.3 5,897.01 80.4 6,273.10 81.4 0.02 0.0 - - - - - - 26.27 0.3 36.32 0.5 30.97 0.4 33.47 0.4 17.74 0.2 20.07 0.3 25.07 0.3 56.95 0.7 46.21 0.6 48.09 0.6 44.86 0.6 44.78 0.6 720.21 9.6 600.62 8.1 470.12 6.4 437.86 5.7 10 774.96 10.3 831.16 11.2 863.12 11.8 6,846.15 11.1
7,524.37 100.0 7,416.76 100.0 7,331.14 100.0 7,704.96 100.0 :
2552 2555 27.18 2552
-
()
2 - 62
32.48 2555 (CAGR) 6.1 72 84 25
:
18,935 2552 19,443 2553 20,252 2554 21,406 2555 2
2552 2553 2554 2555
17,822 18,139 18,884 19,769 1,113 1,304 1,368 1,637
:
27.18 28.48 30.19
32.48
6.60 6.97 7.38 8.00
19.69 20.47 21.51 22.91
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
2552 2553 2554 2555
2552 2555
-
()
2 - 63
1.
2.
3.
3.4.2
1) . () (.) 2) () () 3) () () () 4) () 5) () () 6) () () 7) () () 8) () ()
-
()
2 - 64
9) () ()
2552 2555
2552 2553 2554 2555
() ()
()
()
()
()
()
()
1) . 8,874.53 34.1 9,130.55 35.3 9,686.19 36.5 10,072.54 35.6 2) 4,004.98 15.4 4,166.44 16.1 3,801.58 14.3 4,373.59 15.5 3) 2,642.12 10.2 2,812.79 10.9 3,032.05 11.4 3,481.56 12.3 4) 3,517.19 13.5 3,039.21 11.7 3,114.09 11.7 3,246.54 11.5 5) 3,270.71 12.6 2,659.22 10.3 2,366.86 8.9 2,511.58 8.9 6) 2,047.10 7.9 2,321.28 9.0 2,004.93 7.6 2,032.27 7.2 7) 3/ 175.58 0.7 413.52 1.6 996.05 0.5 1,396.17 4.9 8) 2/ 257.01 1.0 230.63 0.9 244.25 0.9 522.82 1.8 9) 2/ 333.80 1.3 316.81 1.2 355.23 1.3 - - 10) 1/ 180.06 0.7 122.84 0.5 129.23 0.5 177.51 0.6 11) 686.61 2.6 683.14 2.6 792.83 3.0 455.02 1.6 : : 1/ 7 (
10 11 7) 7 10 11 7 7 7 391.78 2552 558.23 2553 948.45 2554 1,372.89 2555
2/ () () 9 2555 3/ 7
7 7
(Franchise)
-
()
2 - 65
2552 18,935 19,443 2553 20,252 2554 21,406 2555 2552 2555
2552 2553 2554 2555
()
()
()
()
()
()
()
()
1) . 1/ 1,295 6.8 1,321 6.8 1,472 7.3 1,404 6.6 2) 1,053 5.6 1.065 5.5 1,068 5.3 1,067 5.0 3) 2/ 242 1.3 315 1.6 438 2.1 577 2.7 4) 562 3.0 548 2.8 547 2.7 533 2.5 5) 540 2.8 529 2.7 523 2.6 512 2.4 6) 430 2.3 438 2.3 390 1.9 371 1.7 7) 152 0.8 147 0.8 145 0.7 138 0.6 8) 110 0.6 103 0.5 100 0.5 95 0.4 9) 74 0.4 78 0.4 76 0.4 67 0.3 10) 14,477 76.4 14,899 76.6 15,493 76.5 16,642 77.7
3/ 18,935 100.0 19,443 100.0 20,252 100.0 21,406 100.0 : : 1/ . . 2/
248 2552 338 2553 437 2554 574 2555
3/
3.5
3.5.1
2554 2555
97.0 98.0 Jobber Jobber
-
()
2 - 66
1) ()
2) Jobber Jobber
1) Jobber
2) 1) 2) 3)
3) Jobber Jobber
4) Jobber
COCO COCO
-
()
2 - 67
COCO
3.5.2
( COCO) 7
()
1. 4.46 2. 3.87 3. 5.30 4. 113.69 5. 12.51 6. 26.20 7. 1/ 19.81
185.84 : 1/
()
1)
COCO
COCO
-
()
2 - 68
2)
COCO
3)
3.5.3
PT Mart Max Mart (Distribution Center: DC)
PT Mart Max Mart (Hub) PT Mart Max Mart PT Mart Max Mart () ()
-
()
2 - 69
(DC) PT Mart Max Mart
1) (DC) ()
2)
3)
(DC) PT Mart Max Mart
-
()
2 - 70
(DC) (Hub)
PT Mart Max Mart (DC) (Hub) (DC) (Hub)
PT PT
() Castrol COCO ( DODO) COCO
3.6
1) 2) 3) (Oil Tank) 4) 5)
3.6.1
1) ( API)
-
()
2 - 71
API API 2) 3) (Oil Tank)
3.6.2
API (Oil Tank)
(Oil Tank)
(Oil Tank) (Oil Tank)
3.6.3 (Oil Tank) (Additive)
(Oil Tank)
(Oil Tank)
-
()
2 - 72
(Additive)
3.6.4
(Base Oil)
(Additive) B100 API
3.6.5 PT
COCO
API DODO
3.6.6 PT
PT (Mobile Lab) PT
-
()
2 - 73
PT
3.7
(Oil
Industry Environmental Safety Group Association: IESG) IESG IESG
3.8
3.8.1 .. 2543
3 1) 7
100,000 50,000
2) 10 7
-
()
2 - 74
3) 11
12
7
30
7 7 12 ( PTC) 10 10 PTC 11
3.8.2 .. 2542
3
1) 1
2) 2
-
()
2 - 75
3) 3
1)
2)
3) 4) 5)
1) 4) 6)
7)
3
-
()
2 - 76
4. (Research and Development: R&D)
( Suggestion)
375 2554 0.08 506 2555 0.08
-
()
2 - 77
5.
5.1 31 2555
2,212.91
/
() 1. PTC 391.63 2. PTC 424.93 3. PTC 504.27 4. PTC 27.89 5. PTC 727.26 6. PTC 13.40 7. PTC 111.40 8. PTC 12.13 2,212.91
5.1.1 31 2555 7
3
1. 29-2-9
3.87
-
()
2 - 78
-
-
- -
1/
2. 33-0-52.1 -
-
- -
1/
4.46
3. 24-0-1 -
-
- -
-
1/
5.30
-
()
2 - 79
4. 12-3-45 -
-
-
12.51
10
5. 22-0-48 -
-
-
- -
113.69
6. 18-3-63.8 -
-
-
26.20
7. 8-0-34.5 -
-
2/ 19.81
-
()
2 - 80
- -
8. -
(
)
9. -
(
3/)
10. -
(
3/)
: 1/ PTC PT
2/ ()
3/ () (Mainline)
5.1.2 COCO
: 31 2555 COCO 397
: COCO PTC
PTC
-
()
2 - 81
COCO - PTC 16 - 5 - PTC o 3 202 o 3 10 154 o 10 1/ 20
: PTC
: 1/ 31 2555 COCO 28 30
5.1.3
: 31 2555 236
74 162 : :
5.2
5.2.1
() () (
) 6 6 ()
-
()
2 - 82
: () () () ()
1/
: o 1 2549 6 1 6
1/ : o (Bank Guarantee) (Oil Pledge)
1/
: o 6 10
o 10
: o 86 30
o 86 (Invoice) (Bill of Lading)
: o 86 (FOB)
o 1) 2) 3) 4) 5) (Premium)
o (Terminal Charge)
o (Additive)
-
()
2 - 83
: o (Bill of Lading)
: o
o
: o
o
: 1/ 10 (PMO) (APO) (EPO) (EVO) 1) 6 1
2 2) (Bank Guarantee)
(Oil Pledge) 3) 6
PTC () 10
() () PTC 3 PTC PT PTC ( COCO) 3 PTC ()
: (PTC)
() ()
: o PTC 1 2552 1 2555
-
()
2 - 84
o
- PTC -
- 30 60 30
- -
o 12 12
: o PTC 3
o PTC 10 PTC PTC
: o 86 30
o 86 (Invoice) (Bill of Lading)
: o 86 (FOB)
o 1) 2) 3) 4) 95 95 (Premium) PTC
o
-
()
2 - 85
(Terminal Charge) o PTC (Additive)
: o PTC (Bill of Lading)
: o
o
: o PTC
o
(P&C) Jobber
() Jobber P&C
: () ()
(P&C) 1/
: P&C 1 2556 1
: o P&C ()
o P&C P&C P&C
-
()
2 - 86
: o P&C P&C
: 1/ P&C ( P&C 2 11 )
5.2.2
2555 6 7 ( 6 )
: () ()
( ) 1/
: o 10 2555 10 2 - 1 ( 1 5)
1
- 2 ( 6 10) 2
o 5 45
-
()
2 - 87
10
o 30
: o 0.20
o 30
: o
: 1/
: () ()
() 1/
: o 10 2555 10 2 - 1 ( 1 5)
1
- 2 ( 6 10)
-
()
2 - 88
2 o
5 45 10
o 30
: o 0.70
o 30
: o
o
o
: o
o
-
()
2 - 89
o 60
o
o
: 1/
()
() ()
: () ()
() () 1/
: o 1 2555 3 31 2558
-
()
2 - 90
o 3 90 30
o 90
o - 30
( ) -
-
o 90
: o
o
o
: o
o /
o
-
()
2 - 91
o /
() 2549
: () ()
( ) 1/
: o 1 2556 3 29 2559
o 3
o
o 30
o
o
-
()
2 - 92
: o
o / 7
o 6
o
: o
o
: 1/ () ( 2 11 )
5.2.3
PTC PTC PT
PT ( COCO)
-
()
2 - 93
: (PTC) ()
: o
o PTC 30 PTC
o PTC PTC 30
o PTC 12
: o PTC PTC
o PTC
o PTC
o PTC / PTC
o PTC
-
()
2 - 94
PTC PTC
o PTC /
o PTC
o PTC 30
5.2.4
PT ( DODO) ( )
: () ()
( )
: o
o 120
-
()
2 - 95
o -
- -
60
-
o /
: o (L/G)
: o
o
-
()
2 - 96
: o ()
o
o
: o
o (L/G)
: o -
-
: o
-
()
2 - 97
PT
o
o
o
5.2.5
Jobber Jobber
: () ()
()
: o
o 15
-
()
2 - 98
: o (L/G)
/ /
: o
: o
: o ()
o
o (L/G)
: o -
-
-
()
2 - 99
5.2.6
: () ()
( )
: o 1 1 60 60
o ()
o -
60
-
-
()
2 - 100
: o
o
o B100 B100
: o 25 30
: o 30 (86 )
o
o
-
()
2 - 101
: o
o
5.3
50
10
99.97 99.99 2
-
()
2 - 102
6.
PT PT PT 5
6.1
6.1.1 PT
PT COCO DODO 5 COCO COCO PTC COCO 2556 130 100 5 80 PT DODO 25 5 20 PT PT 5 1,800.00 COCO DODO
1,190
PT 2556 2557 PT 2558
6.1.2
COCO 100 5 5
-
()
2 - 103
5 30 50 2,055.00 5
160 2556 2557
6.1.3 PT
19 2555
PT () PT (Supplier) 2555 PT
2556 20
PT 40
6.1.4 PT
PT PT
Mart ( PT Mart) Max Mart ( Max Mart) Max Mart PTC PT PTC ( COCO) PT Mart Max Mart PT
-
()
2 - 104
Max Mart Max Mart Max Mart PT PT Mart Max Mart Max Mart 2555 PT
2556 Max Mart
PT Mart Max Mart 20 60 Max Mart PT Mart Max Mart
6.2 PT
PT
PT PTC ( COCO) ( DODO) 2556 2560 COCO 100 DODO 35 60 PT 2556
6.3
(Enterprise Resource Planning: ERP) 1) 2) PT Max Mart PT Mart 3) (Distribution Channel: DC) Max Mart PT Mart (ERP)
-
()
2 - 105
PT PT
PT
60
2556 2557
-
()
2 - 106
7. 31 2555
5
-
()
2 - 107
8.
8.1
8.1.1 31 2555 1,670.00
1,670.00 1.00 1,250.00 1,250.00 1.00 3/2555 23 2555 420.00 386.60 / / 33.40 / / 386.60 1,670.00 1,670.00 1,670.00 1.00
8.1.2
8.1.3
8.2 10 31 2555
-
()
2 - 108
31 2555 4/
()
()
()
()
1. 1/ 547,896,660 43.83 548,535,634 32.85 - 128,704,660 10.30 129,243,634 7.74 - 75,323,000 6.03 75,323,000 4.51 - 70,000,000 5.60 70,000,000 4.19 - 33,869,000 2.71 33,969,000 2.03 - 60,000,000 4.80 60,000,000 3.59 - 180,000,000 14.40 180,000,000 10.78
2. 335,040,000 26.80 335,140,000 20.07 3. 2/ 155,960,000 12.48 156,060,000 9.35
- 145,960,000 11.68 145,960,000 8.74 - 10,000,000 0.80 10,100,000 0.61
4. 75,469,340 6.04 75,569,340 4.53 5. 3/ 36,385,000 2.91 36,790,274 2.20
- 36,385,000 2.91 36,385,000 2.18 - - - 405,274 0.02
6. 29,120,000 2.33 29,120,000 1.74 7. 29,120,000 2.33 29,120,000 1.74 8. 19,400,000 1.55 19,400,000 1.16 9. 15,200,000 1.22 15,200,000 0.91 10. 5/ - - 32,055,752 1.92 11. - - 386,600,000 23.15 12. 6,409,000 0.51 6,409,000 0.38
1,250,000,000 100.00 1,670,000,000 100.00 : 1/ 1)
2) 3) 4) 5) 6)
2/ 1) 2)
3/ 1) 2)
-
()
2 - 109
4/
5/ 33.40 32.06
8.3 30
() /
PTC
30 () /
10
90
-
()
2 - 110
() /
-
()
2 - 111
9
9.1
: 1/ PTC 99.99
( )
1/
-
()
2 - 112
9.1.1
9 1)
4 3 2) 5 31 2555
1.
2. 3. 4. 5. 6. 7. 8. 9. :
2555 27 2555
5/2555 25 2555
-
()
2 - 113
1) (Accountability to Shareholders)
2) (Monitoring and Supervision) (Maximize Economic Value and Shareholders Wealth)
3) 4)
5)
6) (Internal Control) (Internal Audit)
7)
8) / / /
9) /
10)
11)
12)
-
()
2 - 114
13)
14)
15) ( )
16)
9.1.2 3
... 31 2555
1) 2) 3) :
-
()
2 - 115
2555 27 2555
5/2555 25 2555
1) 1.1)
2) 2.1)
2.2)
3) 3.1) 3.2)
4) 4.1)
4.2) 4.3)
4.4)
4.5)
4.6) ()
-
()
2 - 116
5) 5.1)
5.2) ()
5.3)
5.4)
5.5)
5.6) 281/2 2 305 306 308 309 310 311 312 313 .. 2535 () ( ... ) ... 30
6) 6.1) ...
7)
7.1) 1
7.2)
7.3) 7.3.1)
-
()
2 - 117
7.3.2) 7.3.3) ...
7.4)
7.3.1) 7.3.2) 7.3.3) ...
8) 8.1)
8.2)
8.3) 89/14
... 7 9)
9.1)
9.2)
10) 10.1)
10.2)
10.3)
9.1.3
31 2555 6
-
()
2 - 118
1) 2) 3) 4) 5) 6) :
2555 27 2555 5/2555
25 2555
1)
2)
3)
4) (Charter)
5)
9.1.4
31 2555 5
-
()
2 - 119
31 2555
1) 2) 3) 4) 5) :
2555 27 2555 5/2555
25 2555
1) 2)
3) 4) 5)
() 6)
7)
8)
9) 10)
11) 12)
13)
-
()
2 - 120
/
9.1.5
31 2555
1)
2)
3) 4) 5) 6)
5/2555 25 2555
1)
2) 3) /
4) 5)
-
()
2 - 121
6) /
/
9.1.6 ()
1/2556 27 2556
27 2556
,
,
1. 2. 3. 4. 5. ()
- 100.00 - 50.00 100.00 - 20.00 50.00 - 1.00 20.00 - 1.00
-
()
2 - 122
,
,
- 100.00 - 50.00 100.00 - 10.00 50.00 - 10.00
1.
- 10.00 - 5.00 10.00 - 1.00 5.00 - 0.50 1.00 - 0.20 0.50 - 0.03 0.20 - 0.03
2. - 30,000 - 15,000 30,000 - 10,000 15,000 - 2,000 10,000 - 2,000
3. 4.
- 1,000 - 500.00 1,000
-
()
2 - 123
,
,
- 100.00 500.00
- 50.00 100.00 - 50.00 - 300.00 - 100.00 300.00 - 20.00 100.00
- 3.00 20.00 - 0.20 3.00 - 0.10 0.20 - 0.03 0.10 - 0.03 - 500.00 - 100.00 500.00 - 10.00 100.00
- 3.00 10.00 - 0.50 3.00 - 0.10 0.50 - 0.03 0.10 - 0.03
1. (Supplier)
- 500.00 - 300.00 500.00 - 100.00 300.00
-
()
2 - 124
,
,
- 30.00 100.00 - 0.50 30.00 - 0.50 3
2.
3. (Supplier)
4.
- 500.00 - 100.00 500.00 - 30.00 100.00 - 0.50 30.00 - 0.20 0.50 - 0.10 0.20 - 0.05 0.10 - 0.02 0.05 - 3,000 0.02 - 3,000 - 500.00 - 100.00 500.00 - 30.00 100.00 - 0.50 30.00 - 0.20 0.50 - 0.10 0.20
-
()
2 - 125
,
,
- 0.05 0.10 - 0.01 0.05 - 0.01
5.
- 100.00 - 50.00 100.00 - 5.00 50.00 - 3.00 5.00 - 1.00 3.00 - 0.50 1.00 - 0.10 0.50 - 0.10
6. () - 500.00 ()
- 500.00
9.2
9.2.1
-
()
2 - 126
1) 5 3 ...
2)
3)
4) (1) (2) (3)
5) 1 3 1 3
6)
7) 2 3 4
8) 3 4
-
()
2 - 127
9.2.2
1 3
3 /
1) 1
2) 2
3)
4) ( 10 ) 2
5) 2
6) 2 2
-
()
2 - 128
7)
8) 1
9) 10) 1) 9)
(Collective Decision)
11) 4) 6) 89/7 .. 2535 ()
() ()
9.2.3 3
1)
2) 3)
-
()
2 - 129
9.3
9.3.1
2554 2555
(: )
2554 2555
1) - - 70,000 210,000 2) 20,000 - 80,000 140,000 3) - - 70,000 140,680 4) 10,000 - 70,000 140,680 5) 20,000 - 80,000 140,000 6) 20,000 - 50,000 140,680 7) 20,000 - 80,000 140,000 8) - - 70,000 140,000 9) - - 70,000 140,000 90,000 - 640,000 1,332,040
2/2555 7 2555 2555
()
1/ ()
()
2/
1) 1 10,000 30,000 0.625
( 25 )
-
()
2 - 130
()
1/ ()
()
2/
2) 8 10,000 20,000 0.5
3) 1 10,000 20,000 4) 4 10,000 10,000 5) 1 10,000 20,000 6) 2 10,000 15,000 : 1/
2/ 5,000,000
2554 2555
2554 2555
()
()
()
()
1) 7 22.98 7 25.76 2)
1/ - - 5 0.52
3)
7 1.69 7 1.77
7 24.67 7 28.05 : 1/ 25 2555 2554
9.3.2
3/2555 23 2555
1,250.00 1,670.00 420.00
-
()
2 - 131
386.60 33.40 33.40
9.4
5/2555 25 2555 5 1) 2) 3) 4) 5)
1
7 ... 3 3 Website
-
()
2 - 132
2
1
-
()
2 - 133
... 59 .. 2535 3
/
-
()
2 - 134
/
4
(ELCID) (www.ptgenergy.co.th) ...
/
-
()
2 - 135
5 9
3
89/15 .. 2535 ( 4) .. 2551 1) 2) 3)
-
()
2 - 136
68 .. 2535
(Code of Best
Practices)
( 56-1)
2
-
()
2 - 137
( 2 10. )
7
2554 2555 7 11
/ ()
2554 2555 1) 1/ 0/7 7/11 2) 7/7 11/11 3) 0/7 7/11 4) 7/7 11/11
-
()
2 - 138
/ ()
2554 2555 5) 6/7 10/11 6) 7/7 11/11 7) 2/ 5/7 8/11 8) 3/ 0/7 8/11 9) 3/ 0/7 8/11 : 1/ 2555 27 2555 2/ 2554 28 2554 3/ 3/2555 29 2555
(Thai Institute of Directors Association IOD)
9.5
-
()
2 - 139
1) /
2) /
3)
4) ... 59 .. 2535
5)
9.6
9.6.1 31 2555 (
) 3,813 590 3,223
()
PTG PTC 1. 39 16 2. 117 - 3. 37 - 4. 25 47
-
()
2 - 140
()
PTG PTC 5. - 76 6. 330 - 7. - 2 8. - 3,065 9. 12 1 10. 7 16 11. 6 - 12. 14 - 590 3,223
9.6.2
2554 2555 (
)
2554 2555
()
()
()
()
1) 2,272 259.56 3,813 454.79 2)
2,272 23.08 3, 813 33.91
2,272 282.64 3, 813 488.71
9.6.3 3
9.6.4
1)
-
()
2 - 141
2) 3)
-
()
2 - 142
10.
10/2555 26 2555 /
3 5 1) 2) 3) 4) 5) ( 3 3.3 3.7 ) ( 3 ) ...
2538
COCO DODO (QP) 20 2554 3
1) 2) 3)
-
()
2 - 143
QP 2 1) 2) ( 3 2554) QP 2555 2555 QP / QP
/
1.
QP
QP
-
1) 2)
-
-
1 2555
-
()
2 - 144
/ DC 1.
(PO) (PO)
- (PO)
-
(PO) 2556
1.
-
-
-
()
2 - 145
/
QP
- QP
-
-
-
()
2 - 146
QP 2555 4
1.
2555
-
- - -
-
2555
QP /
2.
2555
- / - -
- /
2555
QP /
3. 2555
-
-
2555
QP
-
()
2 - 147
-
/
4.
2555
-
-
-
- / -
- -
2555
QP
-
()
2 - 148
1. QP 2555
QP 2554 QP 2555 27 2556 1/2556 QP QP / QP
/
1.
()
( DODO) (Sale)
/
-
-
-
-
()
2 - 149
/
30 2555 1 2556 2556
2.
QP 2555
QP 2555 QP 2555 27 2556 1/2556 QP QP / QP
/
1. PTC (PO)
()
/
-
2 1.
-
()
2 - 150
/
(PO)
2.
-
31 2555 -
2. PTC ()
/
-
2 1.
2. /
-
()
2 - 151
/
-
31 2555 -
3.
QP 2555
QP 2555 QP 2555 27 2556 1/2556 QP QP / QP
-
()
2 - 152
/
1. PTC -
(Manpower Plan) ()
- (Manpower Plan)
(Manpower Plan)
(Manpower Plan) 2556
2. PTC - ()
-
-
()
2 - 153
/
19 2555
3. - (Job Description) ()
(Job Description) (Job Description)
-
(Job Description) (Job Description) (Job Description)
- QP
4. - HR
-
-
()
2 - 154
/
()
HR 1
-
-
-
19 2555
- QP 2555
5. PTC - HR () HR
/
-
-
()
2 - 155
/
HR
- HR 19 2555
-
4.
QP 2555
2555 27 2556 1/2556 QP
/
1.
/ / ()
- 1 1
-
()
2 - 156
/
AR / / 2555 / /
-
- ( )
-
()
2 - 157
/
2. ()
-
-
-
()
2 - 158
/
2555
311 2554 31 2555
PTC 1.
PTC Tag
PTC Tag 2556 Tag
2556 Tag
2556 Tag Tag Tag
2. PTC ()
PTC ()
-
()
2 - 159
/
3. PTC ()
- PTC ()
- PTC
PTC Supplier PTC Supplier Center 2555 1 2 PTC PTC lot Aging Inventory
PTC ( )
-
()
2 - 160
QP 2554 2555 QP
-
()
2 - 161
11.
11.1 2554 2555
1) (PTC) PT PTC ( COCO)
- PTC 99.99
- PTC 3 1) 2) 3)
2) (PMO)
- PMO 99.97
- PMO 2 1) 2)
3) (APO)
- APO 99.97
- APO 2 1) 2)
4) (EPO)
- EPO 99.97
- EPO 2 1) 2)
5) (EVO)
- EVO 99.97
- EVO 2 1) 2)
-
()
2 - 162
6) (ADO)
- ADO 99.97
- ADO 2 1) 2)
7) (ALO)
- ALO 99.97
- ALO 2 1) 2)
8) (P&C) P&C 18 2536 P&C Jobber
- P&C o () 6.54
o
58.85 - P&C 1
1) ( ) 2.71
9) (KTP) KTP 5 2539 KTP Jobber
- KTP o () 4.90
o
44.15 o P&C 25.00
- KTP 1 1)
( ) 2.71
-
()
2 - 163
10) () 25 2535
- o () 65
- 1
1) 6.04
11) () 23 2545 ()
- o
( 25.00 )
o ( 36.67 ) 29 2555
o 29 2555
- 29 2555
12) - o
13)
- o 10.30
o
14)
- o
-
()
2 - 164
() 2554 2555
1. (PTC)
- PTC
- PTC PT PTC ( COCO)
305.95 246.77 - PTC PTC PTC ( PTG)
- PTC
- PTG
-
PTC PTC
209.52 348.59 - PTG PTC
-
()
2 - 165
() 2554 2555
-
PTG
-
PTC PTC
- PTC PTC
16.75 38.20 - PTC PTC PTG
- PTG PTC
- PTG
-
()
2 - 166
() 2554 2555
- PTC
104.67 198.04 - PTC (Credit Term) 30 PTC PTC
- PTG
o o o
362.30 -
1,750.90 (1,388.60)
253.19 362.30
4,850.50 (4,959.60)
- PTC / PTG / PTG PTG
- PTC PTC
- PTC PTG
2.10 17.28 0.49 5.17 - PTC
PTC (Minimum Loan Rate: MLR) 2
- PTC
25.56 29.52 - PT PTC ( COCO)
-
()
2 - 167
() 2554 2555
PTG
PTC
- PTG
-
PTC PTC
- 0.11 - 2555 PTC PTC PTC
- PTG
-
PTC
0.18 1.28 - PTC PTC (Credit Term) 30 PTC
- PTG
-
1.18 1.17 - PTC
-
()
2 - 168
() 2554 2555
PTC PTC PTC
PTC PTC
- PTG
-
PTC
- 1.58 - 86 30 ( )
- ( ) ( 86 )
-
-
()
2 - 169
() 2554 2555
o o o
- 34.05
2,930.71 (2,964.76)
- - - -
- / PTG / PTG PTG
- PTC PTC
- PTG
- -
- - - PTC
PTC (Minimum Loan Rate: MLR) 2
- PTC
- 70.00 - PTG
- PTG
- PTC
- 13.60 - PTC 1/2555 3 2555 PTC 160.02 600.00 439.98 100.00 73.33
-
()
2 - 170
() 2554 2555
PTC 2554 PTC 146.42 146.42 13.60 PTC PTC
- PTC PTC
- PTC 2555 PTG PTG
2. (PMO)
- PMO
- PMO
168.13 71.35 - PMO PMO PMO PTG
- PMO
-
-
()
2 - 171
() 2554 2555
PTG
-
PMO PMO
31.34 61.06 - PTG PMO
- PTG
-
PMO PMO
9.13 12.66 - PTG PMO
-
-
()
2 - 172
() 2554 2555
PTG
- PMO
- 20.21 - PMO (Credit Term) 30 PMO PMO
- PTG
-
PMO
- 0.56 - 86 30 ( )
- ( ) ( 86 )
-
-
()
2 - 173
() 2554 2555
-
PMO
- PMO
- 0.59 - PMO PMO
- PTG
o o o
15.30 -
15.30 -
- 15.30 51.90
(67.10)
- PMO / PTG / PTG PTG
- PMO PMO
- PMO PTG
0.15 0.13 0.10 0.03 - PMO
PMO (Minimum Loan Rate: MLR) 2
- PMO
34.29 - - PMO PMO
-
()
2 - 174
() 2554 2555
PMO PMO
-
- PMO
PMO
0.44 0.02 - PMO
- PTG
o o o
- 43.49
901.32 (944.81)
60.60 -
607.20 (546.60)
- / PTG
1.23 0.91
-
()
2 - 175
() 2554 2555
5.56 0.08 / PTG PTG
- PMO PMO
- PTG
- PMO PMO (Minimum Loan Rate: MLR) 2
- PMO
24.99 11.50 - PTG
- PTG
3. (APO)
- APO
- APO
22.04 101.74 - APO APO APO PTG
-
()
2 - 176
() 2554 2555
- APO
- PTG
-
APO APO
2.49 32.29 - PTG APO
- PTG
-
APO
7.63 12.72 - PTG APO
-
()
2 - 177
() 2554 2555
APO
-
- APO
- 30.83 - APO (Credit Term) 30 APO APO
- PTG
o o o
4.50 -
4.50 -
- 4.50
370.10 (374.60)
- APO / PTG / PTG PTG
- APO APO
0.001 0.49 0.001 0.03 - APO
APO
-
()
2 - 178
() 2554 2555
(Minimum Loan Rate: MLR) 2
- APO PTG
- APO
11.71 30.70 - APO APO APO APO
-
o o o
- 54.27
838.10 (892.37)
42.70 -
420.20 (377.50)
- / PTG / PTG PTG
- APO
2.93 1.31 0.20 0.14
- APO
-
()
2 - 179
() 2554 2555
APO (Minimum Loan Rate: MLR) 2
APO -
PTG
- APO
44.99 7.00 - PTG
- PTG
4. (EPO)
- EPO
- EPO
54.28 - - EPO EPO EPO PTG
- EPO
-
-
()
2 - 180
() 2554 2555
PTG
-
EPO EPO
4.55 1.85 - PTG EPO
- PTG
-
EPO EPO
7.45 9.05 - PTG EPO
-
-
()
2 - 181
() 2554 2555
PTG
- EPO
1.11 - - EPO (Credit Term) 30 EPO EPO
- PTG
o o o
- -
747.58 (747.58)
- -
196.59 (196.59)
- EPO / PTG / PTG PTG
- EPO EPO
- EPO PTG
0.09 0.68
0.01 - - EPO
EPO (Minimum Loan Rate: MLR) 2
- EPO
40.02 4.08 - EPO
-
()
2 - 182
() 2554 2555
EPO EPO EPO
-
o o o
86.47 -
1,474.23 (1,387.76)
4.65 86.47
976.92 (1,059.74)
- / PTG / PTG PTG
- EPO EPO
- PTG
1.43 1.55 1.43 0.02
- EPO EPO (Minimum Loan Rate: MLR) 2
-
()
2 - 183
() 2554 2555
- EPO
- 64.98 - PTG
- PTG
5. (EVO)
- EVO
- EVO
132.80 305.76 - EVO EVO EVO PTG
- EVO
- PTG
-
()
2 - 184
() 2554 2555
-
EVO EVO
41.28 57.68 - PTG EVO
- PTG
-
EVO EVO
5.80 13.37 - PTG EVO
- PTG
-
()
2 - 185
() 2554 2555
-
EVO
- 0.78 - 86 30 ( )
- ( ) ( 86 )
-
- EVO
37.36 41.33 - EVO (Credit Term) 30 EVO EVO
- PTG
o
- -
- -
-
-
()
2 - 186
() 2554 2555
o o
214.45 (214.45)
948.40 (948.40)
EVO / PTG / PTG PTG
- EVO EVO
- EVO PTG
0.22 1.21
- 0.0004 - EVO
EVO (Minimum Loan Rate: MLR) 2
- EVO
3.96 12.92 - EVO EVO EVO EVO
-
-
()
2 - 187
() 2554 2555
-
EVO
0.01 0.35 - EVO EVO (Credit Term) 30 EVO
- PTG
o o o
283.65 -
834.75 (551.10)
116.65 283.65 894.86
(1,061.86)
- / PTG / PTG PTG
- EVO EVO
- PTG
1.27 3.84 1.27 0.40 - EVO
EVO (Minimum Loan Rate: MLR) 2
- EVO
- 66.98 - PTG
-
()
2 - 188
() 2554 2555
- PTG
6. (ADO)
- ADO
- ADO
- 5.06 - ADO ADO ADO PTG
- ADO
- PTG
-
ADO ADO
- 1.12 - PTG ADO
-
()
2 - 189
() 2554 2555
-
PTG
-
ADO EVO
- 8.36 - PTG ADO
- PTG
o o o
- - - -
- -
357.60 (357.60)
- ADO / PTG / - 0.54
- -
-
()
2 - 190
() 2554 2555
- ADO ADO (Minimum Loan Rate: MLR) 2
PTG PTG
- ADO ADO
- ADO PTG
o o o
- - - -
25.30 -
786.70 (761.40)
- / ADO / PTG PTG
- ADO ADO
- PTG
- - 2.00 - - 0.11 - ADO
ADO (Minimum Loan Rate: MLR) 2
- ADO
- 5.00 - PTG
-
()
2 - 191
() 2554 2555
-
PTG
7. (ALO)
- ALO
- ALO
- 53.67 - ALO ALO ALO PTG
- ALO
- PTG
-
ALO
- 2.66 - PTG ALO
-
()
2 - 192
() 2554 2555
ALO
- PTG
-
ALO ALO
- 8.01 - PTG ALO
- PTG
- ALO
- 58.56 - ALO (Credit Term) 30 ALO ALO
- PTG
-
()
2 - 193
() 2554 2555
o o o
- - - -
- -
187.01 (187.01)
- ALO / PTG / PTG PTG
- ALO ALO
- ALO PTG
- 0.09
- 0.002 - ALO
ALO (Minimum Loan Rate: MLR) 2
o o o
- - - -
85.89 -
631.29 (545.40)
- / ALO / PTG PTG
- ALO ALO
-
- - 1.45 - - 0.15
- ALO ALO (Minimum Loan Rate:
-
()
2 - 194
() 2554 2555
MLR) 2 PTG
8. (P&C)
o o
- P&C
89.06 20.75 68.31
80.09 -
80.09
- P&C P&C P&C P&C P&C
-
o o
- P&C P&C
1.31 -
1.31
- - -
- P&C 7 1.31 2554 0.93 2555 P&C P&C
- P&C 7 P&C
-
()
2 - 195
() 2554 2555
P&C
o o
- P&C PT PTC ( COCO)
432.02 6.29
425.73
562.79 2.70
560.09
- Jobber ()
- P&C Jobber
- P&C Jobber Jobber
-
-
()
2 - 196
() 2554 2555
o o
- P&C P&C
5.59 -
5.59
7.15 -
7.15
- P&C P&C (Credit Term) 7 P&C
- P&C P&C 7 P&C
9. (KTP)
o o
- P&C KTP P&C PT PTC ( COCO)
11.74 11.74
-
- - -
- Jobber ()
- P&C (KTP P&C) Jobber
- P&C (KTP P&C) Jobber
-
()
2 - 197
() 2554 2555
Jobber
- KTP KTP 7 P&C (KTP P&C)
10. ()
o o
-
214.54 0.01
214.53
175.19 175.19
-
-
-
-
-
()
2 - 198
() 2554 2555
o o
-
0.69 0.69
-
0.59 0.59
-
-
-
-
0.72 0.72 -
-
()
2 - 199
() 2554 2555
( 2 5. 5.2.2 )
-
-
o o
-
9.41 0.37 9.04
- - -
- 30 2554 20 2555 9.41 2554 3.79 2555
-
()
2 - 200
() 2554 2555
-
-
11. ()
o o
-
1.14 0.33 0.81
1.46 0.38 1.08
-
-
()
2 - 201
() 2554 2555
-
-
12. -
(ALO) (ADO) 2554 () 2555 ALO ADO 99.97 99.97 99.99
2.00 5.00 - (ALO) (ADO) 23 2554 ALO ADO 1.00 10,000 100 9,998 99.98
- () PT 19 2555 5.00 50,000
-
()
2 - 202
() 2554 2555
100 49,998 99.99
- ALO 9,997 ADO 9,997 49,997 100 ALO ADO 99.97 99.97 99.99
-
13.
2 - - (L/G) -
400 1,200
120
400 1,200
120
-
-
14.
1 - - (L/G)
400 1,200
400 1,200
-
-
-
()
2 - 203
() 2554 2555
-
() ( 69-1)
2 - 204
11.2 10/2555 26 2555
/ / / / / /
1.
2. () / / /
2. () /
11.3 /
/
-
() ( 69-1)
2 - 205
/ / ( 56-1)
/
/ / ()
()
P&C Jobber
Jobber P&C
-
() ( 69-1)
2 - 206
P&C Jobber Jobber P&C Jobber
/
1.
2.
3. /
4.
5. PTG
6.
-
()
2 - 207
12
12.1
12.1.1 31 2552
31 2552 . 2759 31 2552 31 2552
19
32 31 2552 287.14 31 2551 344.21 147.48 2551 196.73 31 2552 19 2553 1 2552 31 2552 2551 12 19 2554 1 2553
31 2553
31 2553
-
()
2 - 208
2982 31 2553 31 2553
31
2553 2552 2552
31 2554
31 2554 2982 31 2554 31 2554
2.1
31 2554 .. 2554 1 2554 31 2553 31 2554
-
()
2 - 209
31 2555
31 2555 2982 31 2555 31 2555
-
()
2 - 210
12.1.2 31 2552 2555
31 2552 ()
31 2553 ()
31 2554 ()
31 2555 ()
70.18 3.9 76.48 3.6 262.68 9.1 398.84 10.3 7.15 0.4 5.43 0.3 0.35 0.0 1.79 0.0 199.35 11.1 199.34 9.4 365.62 12.7 277.16 7.1 7.00 0.4 - - - - - - 432.80 24.1 565.81 26.6 659.82 23.0 861.76 22.2
716.47 39.9 847.06 39.8 1,288.48 44.8 1,539.55 39.6
105.94 5.9 6.01 0.3 31.03 1.1 31.57 0.8 - - 4.00 0.2 3.64 0.1 3.46 0.1 - - 94.87 4.5 89.98 3.1 89.98 2.3 28.38 1.6 - - - - - - 910.80 50.7 1,087.49 51.1 1,338.15 46.6 2,089.38 53.7 22.52 1.3 74.53 3.5 103.30 3.6 111.40 2.9 0.46 0.0 3.44 0.2 10.06 0.4 12.13 0.3 12.34 0.7 9.37 0.4 10.00 0.3 12.57 0.3
1,080.45 60.1 1,279.71 60.2 1,586.16 55.2 2,350.50 60.4 1,796.92 100.0 2,126.77 100.0 2,874.64 100.0 3,890.05 100.0
-
()
2 - 211
31 2552 ()
31 2553 ()
31 2554 ()
31 2555 ()
119.41 6.6 492.47 23.2 202.35 7.0 408.84 10.5 382.87 21.3 593.17 27.9 887.43 30.9 1,086.79 27.9 6.00 0.3 - - - - - - 8.00 0.4 - - - - - - 5.30 0.3 26.26 1.2 52.93 1.8 131.29 3.4 47.25 2.6 40.66 1.9 68.44 2.4 60.00 1.5 10.46 0.6 24.95 1.2 77.92 2.7 39.23 1.0
579.28 32.2 1,177.53 55.4 1,289.08 44.8 1,726.15 44.4
287.14 16.0 - - - - - - 65.00 3.6 - - - - - - 19.50 1.1 - - - - - - 50.75 2.8 101.22 4.8 181.78 6.3 451.66 11.6 51.06 2.8 8.97 0.4 332.50 11.6 273.75 7.0 - - - - 27.27 0.9 33.57 0.9 11.45 0.6 17.19 0.8 17.11 0.6 20.05 0.5
484.90 27.0 127.38 6.0 558.67 19.4 779.03 20.0 1,064.19 59.2 1,304.91 61.4 1,847.74 64.3 2,505.18 64.4
1,250.00 69.6 1,250.00 58.8 1,250.00 43.5 1,670.00 42.9 1,250.00 69.6 1,250.00 58.8 1,250.00 43.5 1,250.00 32.1 59.50 3.3 59.50 2.8 59.50 2.1 - -
-
()
2 - 212
31 2552 ()
31 2553 ()
31 2554 ()
31 2555 ()
() 1.51 0.1 1.51 0.1 1.51 0.1 9.99 0.3 (578.27) (32.2) (489.19) (23.0) (286.17) (10.0) 124.80 3.2
732.74 40.8 821.82 38.6 1,024.84 35.7 1,384.79 35.6 0.00 0.0 0.05 0.0 2.06 0.1 0.08 0.0
732.74 40.8 821.87 38.6 1,026.89 35.7 1,384.87 35.6
31 2552 2555
31 2552 ()
31 2553 ()
31 2554 ()
31 2555 ()
9,637.48 99.6 15,651.57 99.8 27,798.62 99.9 41,710.41 100.00 39.35 0.4 29.57 0.2 18.09 0.1 13.27 0.0
9,676.83 100.0 15,681.14 100.0 27,816.71 100.0 41,723.68 100.00
(9,169.26) (94.8) (14,954.21) (95.4) (26,729.83) (96.1) (39,984.43) (95.8) (30.43) (0.3) (16.30) (0.1) (12.35) (0.0) (6.95) (0.0)
(9,199.69) (95.1) (14,970.51) (95.5) (26,742.18) (96.1) (39,991.38) (95.8) 477.14 4.9 710.63 4.5 1,074.53 3.9 1,732.30 4.2
- - - - 45.96 0.2 - - 52.50 0.5 59.93 0.4 58.34 0.2 45.27 0.1
-
()
2 - 213
31 2552 ()
31 2553 ()
31 2554 ()
31 2555 ()
32.69 0.3 - - - - - - 11.74 0.1 26.67 0.2 30.36 0.1 50.37 0.1
96.93 1.0 86.60 0.5 134.66 0.5 95.64 0.2 574.07 5.9 797.23 5.1 1,209.19 4.3 1,827.94 4.4
(210.71) (2.2) (268.48) (1.7) (325.24) (1.2) (1,110.43) (2.7) (177.08) (1.8) (342.70) (2.2) (480.76) (1.7) (215.37) (0.5) (15.57) (0.2) - - - - - - - - - - (26.79) (0.1) - -
(403.37) (4.2) (611.18) (3.9) (832.79) (3.0) (1,325.79) (3.2) 170.70 1.8 186.05 1.2 376.40 1.4 502.15 1.2
(60.22) (0.6) (57.56) (0.4) (47.27) (0.2) (55.87) (0.1) (20.03) (0.2) (39.34) (0.3) (102.72) (0.4) (86.28) (0.2)
90.45 0.9 89.15 0.6 226.42 0.8 359.99 0.9 90.45 0.9 89.15 0.6 226.42 0.8 359.99 0.9
31 2552 2555
: 31 2552
() 31 2553
() 31 2554
() 31 2555
()
110.49 128.49 329.14 446.28 ()
63.99 136.02 190.99 240.95
-
()
2 - 214
: 31 2552
() 31 2553
() 31 2554
() 31 2555
() ( ) (1.00) (2.83) 5.01 (2.95) ( ) 15.57 3.99 4.80 11.02 (2.46) ( ) 26.79 ( ) (32.69) (5.53) 3.90 6.29 52.99 50.66 36.30 43.41
() (1.44) (63.78) (15.78) (159.31) 139.58 35.23 (133.01) (88.13) (201.94) (3.90) (3.98) 8.73 (7.12) (2.57)
() (16.27) 235.88 306.67 174.42 1.31 5.74 (0.08) 2.94
() 157.96 417.91 640.97 856.00 (26.06) (76.25) (46.13) (43.28) (12.19) (30.60) (44.74) (124.98)
() 119.71 311.06 550.10 687.74
99.93 (25.01) (0.54)
-
()
2 - 215
: 31 2552
() 31 2553
() 31 2554
() 31 2555
() () (3.01) 1.71 5.08 () (7.00) 7.00 () (4.00) 0. 36 0.18 1.30 4.23 0.09 6.51 (148.73) (228.38) (214.94) (422.60) - 11.20 (3.26) (7.34) (4.74) (0.92) (87.87) (128.57) (169.74)
() (147.16) (210.65) (370.33) (590.94)
() 63.18 373.07 (290.13) 206.49 () (49.07) (295.14) () 49.65 (6.00) () 17.42 (32.84) (57.24) (97.93) () (84.50) () (13.06) (48.68) 351.82 (67.19) 2.00 (1.98) (0.02) (0.02) (0.04)
() 68.12 (94.11) 6.44 39.35 () 40.67 6.30 186.20 136.15 - 29.51 70.18 76.48 262.68 - 70.18 76.48 262.68 398.84
-
()
2 - 216
12.1.3
31 2552
() 31 2553
() 31 2554
() 31 2555
()
(Liquidity Ratio) () 1.24 0.72 1.00 0.89 () 0.48 0.24 0.49 0.39 () 0.22 0.35 0.45 0.46 () 76.66 91.78 172.71 300.84 () 4.70 3.92 2.08 1.20 () 20.38 30.33 44.05 52.93 () 17.66 11.87 8.17 6.80 () 29.10 37.23 41.93 45.11 () 12.37 9.67 8.58 7.98 Cash Cycle () 9.98 6.12 1.67 0.02
(Profitability Ratio) () 4.93 4.53 3.86 4.15 () 1.76 1.19 1.35 1.20 () 0.99 0.55 0.48 0.23 () 70.13 167.19 146.15 136.96 () 0.93 0.57 0.81 0.86 () 13.51 11.47 24.49 29.85
-
()
2 - 217
31 2552
() 31 2553
() 31 2554
() 31 2555
()
(Efficiency Ratio) () 5.36 4.54 9.05 10.64 () 18.03 18.13 27.22 29.10 () 5.79 8.04 11.18 12.36
(Financial Policy Ratio) () 1.45 1.59 1.80 1.81 () 2.62 7.26 13.56 15.32 () 0.61 0.80 1.39 0.90 () n.a. n.a. n.a. n.a.
12.1.4
31 2552 31 2553 31 2554 31 2555
() 390.97 557.73 948.05 1,372.53 () 442.69 669.73 1,039.92 1,705.50 () 1.13 1.20 1.10 1.24 () 90.45 89.15 226.42 359.99 () 0.23 0.16 0.24 0.26
-
()
2 - 218
12.2
12.2.1 () ()
PT 2540 2552 2552
9,676.83 2552 15,681.14 2553 27,816.71 2554 41,723.68 2555 PT COCO 403.37 2552 611.18 2553 832.79 2554 1,325.79 2555 4.2 2552 3.9 2553 3.0 2554 3.2 2555
90.45 2552 89.15 2553
2552 (Tax Loss Carried Forward) 2553 (Tax Loss Carried Forward)
-
()
2 - 219
2552 2553 2552 2554 2555 226.42 359.99
12.2.2
9,676.83 2552 15,681.14 2553 27,816.71 2554 41,723.68 2555
1)
2552 2555 9,637.48
15,651.57 27,798.62 41,710.41 2 1) 2)
1.1)
9,278.59 2552 15,405.88
2553 27,545.54 2554 41,422.53 2555 390.97 2552 557.73 2553 948.05 2554 1,372.53 2555 95.9 98.2 99.0 99.3 2552 2555
2552 2553 2554 2555
1.
( COCO)
4,039.85 43.5 7,432.19 48.2 11,905.46 43.2 19,728.41 47.6
-
()
2 - 220
2552 2553 2554 2555
2.
( DODO)
4,058.82 43.7 5,518.34 35.8 7,029. 76 25.5 8,064.67 19.5
3.
1,179.92 12.7 2,455.35 15.9 8,610.33 31.3 13,629.46 32.9
9,278.59 100.0 15,405.88 100.0 27,545.54 100.0 41,422.53 100.0
1.1.1)
43.5 48.2 43.2 47.6 2552 2555 4,039.85 2552 42.3 7,432.19 2553 84.0 11,905.46 2554 60.2 19,728.41 2555 65.7
PT ( COCO) 2552 COCO 101 184 2553 272 2554 397 2555 COCO 2552 COCO 2552 2554 68.0 57.8 51.1 59.4
( ) 2553 2555 16.6 6.0 4.0 2552 15.3 2552
-
()
2 - 221
2552 2553 2554 2555
COCO () 101 184 272 397
() 4,039.85 7,432.19 11,905.46 19,728.41
() 42.3 84.0 60.2 65.7
() 68.0 57.8 51.1 59.4
COCO
() (15.3) 16.6 6.0 4.0
1.1.2)
COCO
( ) ( DODO) 2552 4,058.82 25.1 2552 2552 19.5 2552 6.9 2552 2552
2553
2553 5,518.34 36.0 2553 17.8 2553 15.5 PT DODO 2552 2552
-
()
2 - 222
2554 2555 PT DODO 2554 20.5 2555 10.3 2554 2555 5.7 4.0
2552 2553 2554 2555
DODO () 147 154 165 177
() 4,058.82 5,518.34 7,029.76 8,064.67
() (25.1) 36.0 27.4 14.7
() (6.9) 15.5 20.5 10.3
() (19.5) 17.8 5.7 4.0
2552 43.7 35.8 2553 25.5 2554 19.5 2555 COCO PT DODO PT COCO
1.1.3)
2552 1,179.92 3.4 2552 16.5
-
()
2 - 223
2552 15.8 2552
2553
2,455.35 2553 108.1 8,610.33 2554 250.7 13,629.46 2555 58.3 2553 2555 85.5 227.2 52.8