 (UNAUDITED BUT REVIEWED)
ROCKWORTH PUBLIC COMPANY LIMITED AND ITS SUBSIDIARY
NOTES TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS
1.	GENERAL INFORMATION
1.1	Assumption underlying the preparation of the financial statements
Although Thailands economic crisis, which occurred in mid 1997, has eased to a certain extent 
in the current period, financial restructuring within the business community is still prevalent and 
subject to readjustment. As at the balance sheet date, the Company and its subsidiary had 
significant deficits. Nevertheless, these financial statements have been prepared on the going 
concern basis, assuming that the realisation of assets and settlement of liabilities and obligations 
will occur in the ordinary course of business of the Company and its subsidiary, without any 
expectation of significant disruption to their ongoing activities.
1.2	Basis for the preparation of  interim financial statements
	These interim financial statements are prepared in accordance with Accounting Standards 
Pronouncement No. 41 Interim financial statements, with the Company choosing to present 
condensed interim financial statements. However, additional line items are presented in the 
balance sheets, and the statements of earnings, changes in shareholders equity, and cash flows as 
in the annual financial statements.
	These interim financial statements are intended to provide information additional to that included 
in the latest annual financial statements. Accordingly, they focus on new activities, events and 
circumstances so as not to duplicate information previously reported. These interim financial 
statements should therefore be read in conjunction with the latest annual financial statements. 
1.3	Significant accounting policies
	The interim financial statements are prepared using the same accounting policies and methods of 
computation adopted as for the financial statements for the year ended 31 December 2001.


(UNAUDITED BUT REVIEWED)
	1.4	Basis of consolidation
		These consolidated financial statements include the financial statements of Rockworth Public 
Company Limited and its subsidiary company and have been prepared on the same basis as that 
applied for the consolidated financial statements for the year ended 31 December 2001. There 
have been no changes in the composition of its subsidiary company during the current period.
2.	TRADE ACCOUNTS RECEIVABLE
	The aging analysis of trade accounts receivable as of 30 June 2002 and 31 December 2001 is as 
follows:-


(Unit : Thousand Baht)

Consolidated
The Company Only

30 June 2002
31 December 2001
30 June 2002
31 December 2001


(Audited)

(Audited)
Trade accounts receivable




   Less than 3 months
55,812
97,314
55,812
95,889
   3 months - 6 months
2,166
1,634
2,166
1,295
   6 months - 12 months
594
279
471
279
   Over 12 months
23,635
25,400
23,426
25,177

82,207
124,627
81,875
122,640
Trade accounts receivable - related party




   Over 12 months
2,264
2,264
2,264
2,264

2,264
2,264
2,264
2,264
Total
84,471
126,891
84,139
124,904
Less : Allowance for doubtful accounts
(27,131)
(27,141)
(27,005)
(27,015)
Trade accounts receivable  net
57,340
99,750
57,134
97,889

(UNAUDITED BUT REVIEWED)
3.	RELATED PARTY TRANSACTIONS
	During the period, the Company had significant business transactions with its wholly-owned subsidiary 
company.  These significant transactions, which occurred in the ordinary course of business and have 
been eliminated upon consolidation, are summarised below :-



(Unit : Million Baht)


For the three-month period
For the six-month period

Pricing policy
ended 30 June
ended 30 June


2002
2001
2002
2001
Purchases of raw materials





   and supplies
Cost plus certain margin
-
0.4
-
0.6
Purchases of finished goods
Cost plus certain margin
-
27.2
9.2
51.1
Interest income
Cost of lender plus certain spread
0.3
1.1
1.1
1.7
Rental expenses
Based on contract
1.8
-
3.6
-
	The outstanding balances of the above transactions are shown separately in the balance sheets.
4.	INVESTMENTS IN OTHER COMPANIES - NET

(Unit : Thousand Baht)
Marketable securities - available-for-sale
30 June 2002
31 December 2001


(Audited)
Cost
292
292
Market value
76
48
Unrealised loss on available-for-sale securities
216
244
5.	DEBT RESTRUCTURING
	The Company and its subsidiary entered into debt restructuring agreements with various financial 
institutions to restructure the loans and interest thereon and have already recorded the related 
transactions in the financial statements.

(UNAUDITED BUT REVIEWED)
6.	STATEMENTS OF CASH FLOWS
	For the purposes of the statements of cash flows, cash and cash equivalents include cash in hand and at 
banks (other than those being pledged to secure against bank credit facilities) and short-term 
investments in fixed deposits with an original maturity of 3 months or less.
7.	CREDIT FACILITIES
	The Company and its subsidiary have mortgaged/ pledged the following assets with financial 
institutions to secure credit facilities granted by those financial institutions.
	-	Cash at bank totaling Baht 21.5 million.
	-	Land, plant, leasehold rights, certain machinery and equipment.
	The credit facilities are guaranteed by the directors of the Company and of the subsidiary.
8.	BANK GUARANTEES 
	As at 30 June 2002, there were outstanding bank guarantees totaling Baht 4 million (31 December 2001 
: Baht 3 million) issued by banks on behalf of the Company and its subsidiary in respect of certain 
performance bonds as required in the normal course of their businesses.
9.	COMMITMENTS
As at 30 June 2002, the Company has outstanding commitments as follows :-
	1)	The Company had several lease agreements relating to the lease of buildings. The periods of the 
leases range from 3 to 30 years. Future minimum rental payments under the lease agreements in 
effect as at the balance sheet date are as follows :-

(Unit : Million Baht)

30 June 2002
Within 1 year
9
In 2 - 5 years
17
In Over 5 years
20

46

(UNAUDITED BUT REVIEWED)
	2)	The Company had commitments of approximately Baht 0.9 million in respect of fees for 
management consulting services related to information technology development.
10.	SEGMENT INFORMATION
	The operations of the Company and its subsidiary involve a single industry segment, the manufacture 
and distribution of furniture, and are carried on in Thailand. As a result, all of the revenues, operating 
profits (losses) and assets as reflected in these financial statements pertain to the aforementioned 
industry segment and geographic area.
11.	FOREIGN CURRENCY RISK
Below is the summary of the Company and its subsidiarys foreign currency-denominated 
assets/liabilities as at 30 June 2002 which were unhedged. The majority of these liabilities are repayable 
within one year.
Foreign currency
Assets
Liabilities
USD
538,468
139,844
EUR
-
93,192
YEN
-
716,200
ATS
-
2,220
AUD
-
20,640
SGD
-
15,050
FRF
-
143,876
12.	APPROVAL OF INTERIM FINANCIAL STATEMENTS
	These financial statements have been approved by the Companys directors.
-  1  -

