AMARIN PRINTING AND PUBLISHING PUBLIC COMPANY LIMITED
Transcription
AMARIN PRINTING AND PUBLISHING PUBLIC COMPANY LIMITED
AMARIN PRINTING AND PUBLISHING PUBLIC COMPANY LIMITED ª°Àπâ“ Printing Services Books Distribution Franchising Traveling Training and Seminar > Quality printing services > Nai Indra Bookstore > Domestic trip > International trip > Group Tour > > > > > > > > > Book and Other Medias Distribution Paper Sculpture Watercolor painting Floral arrangement Tray-garden arrangement Photography Basic ceramic techniques Bottle painting etc. 0-2422-9000 Ext. 1200 0-2882-2000 Ext. 3205 0-2882-2000 Ext. 3213 0-2434-0286 Ext. 4008 0-2434-0286 Ext. 4007 Printing Factory (Sales Office) Distribution Division Franchising Business Department Amarin Tour Department Amarin Training and Seminar Department Total Assets (thousand baht) SUMMARY OF FINANCIAL REPORT 1,200,000 1,000,000 AND OPERATING RESULTS 800,000 600,000 400,000 (Unit : in thousand baht) 2002 2001 % Change 200,000 0 Summary of the Balance Sheet 1998 Current Assets Total Assets 405,236 370,037 9.51 1,113,243 952,400 16.89 175,551 139,510 25.83 1999 2000 2001 2002 Total Liabiality (thousand baht) Shareholders’ Equity (thousand baht) 250,000 1,000,000 Liabilities 200,000 800,000 Shareholders Equity 937,692 812,890 15.35 600,000 Authorized Share Capital 250,000 250,000 0.00 400,000 100,000 Paid-up Share Capital 190,000 190,000 0.00 200,000 50,000 19 19 Number of Share (million) 150,000 0 0 1998 1999 2000 2001 1998 2002 1999 2000 2001 2002 2000 2001 2002 2000 2001 2002 Summary of the Statements of Income Total Incomes (thousand baht) Sales Income Total Income Cost of Sales Gross Profit 940,886 833,606 12.87 1,004,392 873,257 15.02 606,949 569,790 6.52 397,443 303,467 30.97 Net Profit (thousand baht) 1,200,000 250,000 1,000,000 200,000 800,000 150,000 600,000 100,000 400,000 50,000 200,000 Operating Expenses Profit and Loss From Associated Company 213,446 183,997 191,349 112,118 11.55 64.11 0 0 1998 1998 1999 2000 2001 1999 2002 Net Profit B / F Profit and Earning per Share (baht) Loss From Associated Company 9,205 2,066 345.55 193,202 114,184 69.20 12 10 Net Profit Earning per Share (Baht) 10.17 6.01 8 6 4 2 0 1998 1999 Contents 14 Board of Directors and Audit Committee The Board of Directors’ Statement of Responsibility for the Financial Statements 3 18 46 Summary of Financial Report and Operating Results The Business of the Company and Its Subsidiary 2002 Operating Results and Financial Status 9 26 50 Message from the Chairwoman of the Board of Directors The Publication and Distribution of Royal Literary Works Financial Statistics (1998 - 2002) 12 33 53 Report of the Audit Committee 2002 Highlights Other Information and Statistics Auditor’s Report 5 Y 57 Policy and Mission of the Audit Committee Amarin Printing and Publishing Public Co., Ltd. 13 5 B Balance C Executive Board 50% 44 Annual Report 2002: 16 M R. C H U K I A T U T A K A P A N FOUNDER AMAR I N P R I N T I N G AN D P U B L I S H I N G P U B LI C C O M PAN Y L I M I T E D B C Balance 6 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% AMARIN BOOK CENTER COMPANY LIMITED FORMER PRESIDENT AND CHAIRMAN OF THE BOARD 6 B Balance C Y Amarin Printing and Publishing Public Co., Ltd. 7 50% Annual Report 2002: 7 C Balance Amarin Printing and Publishing Public Co., Ltd. Y B 50% Annual Report 2002: 8 8 K Y B Balance Y K 50% B Balance Y P B Balance Sk1 Sk2 K Y 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance MESSAGE FROM THE CHAIRWOMAN OF THE BOARD OF DIRECTORS The Company’s Operating Results > Allow me, first of all to officially inform you, with profound sadness, of the demise of the late Khun Chukiat Utakapan, our highly respected Chairman of the Board of Directors and Chief Executive Officer in December 2002. In 1976 Khun Chukiat and a few close associates founded Amarin as a small and modest publishing house that owned a magazine called Baan Lae Suan. Now, nearly 30 years later, Amarin has not only got through several storms and crisis but has also proudly become one of Thailand’s most respected publishers and printers. This is, not least thanks to Khun Chukiat’s foresight, determination and perseverance and, no less significant, to our personnel’s love and respect for their work, without which Amarin’s success would be simply out of the question. Throughout these 27 long years, Khun Chukiat’s standard, philosophy and principle have left a lasting imprint on our hearts and minds. This, I wholeheartedly believe, will be a guiding light and moral support for all of us to work hard and dedicate ourselves to the continued strength and growth of Amarin while not forsaking our social responsibility and contribution. I should like to take this opportunity to assure you that Amarin’s personnel at every level will continue to follow in the footsteps of Khun Chukiat, that is to say adhering to his vision and principle while opening to new challenges and ventures. In so doing, I am confident that Amarin’s business and operating results will not only achieve their goals but also continue to grow and prosper to the satisfaction of our shareholders. It is now my pleasure to report to you the operating results of Amarin Printing and Publishing Public Company Limited in 2002 and our business undertakings for 2003. > As forecasted in last year’s annual report, the Company’s income from all sources of main revenues namely advertising, printing and sales of magazines and other publications were expected to increase significantly in 2002. Now the actual operating results and figures have indeed lived up to our expectations. The growth rates of all main revenues were 14.65%, 16.41%, 29.12% and 6.6% for advertising, printing and sales of magazines and other publications respectively. Besides, the revenues from other sources were also reported a notable increase. Taking into account all our undertakings, the Company’s total income in 2002 was reported at Baht 1,013.60 million, an increase of Baht 138.27 million from that of the previous year or equivalent to 15.80% growth. Meanwhile, the total expenses were amounted to Baht 606.95 million, equivalent to Baht 37.16 million increase or a 6.52 % year-on-year increase. Consequently, this year’s net profit was reported at Baht 193.20 million or 19.06 % of the total income. When compared to last year’s net profit of Baht 114.18 million or 13.04 % of the total income, the growth in net profit in 2002 thus rose by 69.20 % over the previous year and the net earning per share was also up from Baht 6.01 to Baht 10.17. I would like to point out that the remarkable increase in the revenues from printing, advertising and sales of magazines and other publications was in part attributed to the clear sign of economic recovery in the manufacturing and other real sectors in Thailand. This improved sentiment and positive outlook have not only boosted the confidence of both local and foreign investors but have also given rise to the perception that Thai economy was not as depressed as previously predicted. When taken into consideration the increase in the sales of magazines and books in particular, Y Amarin Printing and Publishing Public Co., Ltd. 9 B Balance C 9 50% Annual Report 2002: Dear Shareholders, Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y B Balance it can be said that Thai society has become much more aware of the importance of learning and reading. In the meanwhile, it has also reflected the hard work, dedication and perseverance on the part of Amarin’s personnel for which I have always been grateful and without which we would never be able to weather the crisis and proudly become a key player in this business. Last but not least, I would also like to express my thanks and appreciation to all our clients and readers for their continued support and trust. Throughout the past decade, Amarin has developed an interesting income structure. The revenue from advertising once constituted the Company’s main income now has to compete with those of printing and sales of magazines and other publications, which have increased markedly. Such being the case, the revenues from these three main sources have now been in a relatively close proportion and thus making it possible for the Company to diversify its investments and generate income more evenly in each channel. Our Undertakings in 2003 B Publishing Business: Our 4 flagship magazines have still maintained leading positions in their market segments, while the other two newly published magazines namely Health & Cuisine and National Geographic (Thai Edition) launched in February and August 2001 respectively have not only enjoyed the growing readership and subscription but have also been very well received by advertising agents and advertisers alike. Health & Cuisine, a magazine that presents knowledge and information on foods and healthcare in various fascinating styles and formats has become a popular handbook on modern cuisine – 10 Amarin Printing and Publishing Public Co., Ltd. C Balance Annual Report 2002: 50% > As mentioned in last year’s annual report, the year 2003 will be the final phase of our three years business development plan started in 2000, which has focused on both human resource and technology developments. Permit me now to sum up our business undertakings in 2002 and strategies in 2003. Y P 10 Y K 50% B Balance P Y 50 K B Balance K Y Thai as well as international – and a companion to healthy lifestyle. As for the Thai language edition of National Geographic, the world’s all-time number one feature magazine, Amarin has successfully acquired its translation license from the prestigious National Geographic Society – hoping to provide Thai readers with a long-awaited opportunity to explore the boundless world of knowledge simultaneously with people in the U.S. and many other countries. It should be noted here as well that the publication of National Geographic (Thai Edition) has not had any adverse effects on other local feature magazines but has, in fact helped boosted the sales and growth in this market segment. Most recently in March 2003, Amarin has launched its 7th magazine, room, a magazine for home décor enthusiasts and new generation twenty-somethings, who have their own accommodation. In 2003, we will continue to work hard to expand the market, maintain our leadership, and increase the circulation and number of advertisements for the existing 6 flagship magazines. In 2003, all our eleven imprints will continue to diversify their publications focusing in particular on the quality of each title rather than the number of books published. In the meantime, other income generating activities such as art and culture tours to domestic and regional destinations and short training courses will be promoted and diversified to suit the needs of our readers and the general public. As for Amarin’s two grand events of the year 2003, the 4th Baan Lae Suan Fair will change its venue from Queen Sirikit National Convention Center to Bangkok International Trade & Exhibition Center (BITEC). Not only will the exhibition areas be largely expanded to cater for more exhibitioners and visitors but the Fair will also cover a wide range of home & gardening merchandise and services and health & lifestyle products as well. This year will also witness the 2nd Amarin Book Fair, in which visitors and bookworms from all walks of life will have a long-awaited opportunity to buy good books at a special discount price and meet with editors of 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% Amarin’s seven magazines and eleven imprints. Printing Business: Amarin’s printing business has long been recognized as one of Thailand’s a few leading printers both in terms of the cutting-edge printing-related technologies and the greatest number of high-quality books and other publications it has produced. In 2002, we have replaced all the existing six full-color printing presses that were in service for nearly 10 years with the state-of-the-art machines, which also include the fully-computerized printing management system. We have also undergone several structural and internal improvement schemes such as expanding the inventory and customer reception areas, providing our personnel with continual skill development and training to keep them abreast of the new work-flow and changing technologies, introducing the intensely monitored quality control system, implementing the effective cost reduction program and adding more value to prepress materials and data. Distinguished Shareholders, > Let me assure you that we at Amarin will keep on working hard and doing our utmost to make our three major business undertakings continue to grow and prosper in today’s modern world of business. My colleagues and I have always been determined to create and bring good quality and wholesome reading materials to the Thai society. In the meanwhile, we will also endeavor to expand the publication market and transform our business into a “content-based business” with tremendous potential for other value-added products and services. I am confident that Amarin will continue to flourish and prosper alongside the Thai society as reflected in the words of Khun Chukiat Utakapan, Amarin’s founder, “WE WORK FOR HAPPINESS AND PROSPERITY OF OUR SOCIETY,” as we, too, are part of this society. Thank you, (Mrs. Metta Utakapan) CHAIRWOMAN & CEO Y Amarin Printing and Publishing Public Co., Ltd. 11 B Balance C 11 50% Annual Report 2002: Distribution Business: Amarin Book Center Co., Ltd. – Amarin’s subsidiary set up to take care of the distribution of Amarin’s own magazines and publications as well as provide distribution services to external publishers – secured the net sales of Baht 730.48 million in 2002. A solid increase of 5-10 % has been predicted in 2003. The Company will continue to focus on the building up of strong and efficient management teams and expanding the retail network i.e. Nai Indra Bookstore. By the end of 2003, the number of these retail outlets – both Company’s own and franchised – will reach 65. In response to the Company’s continued growth and business expansion in all three lines of business, Amarin recently acquired a 20-rai plot of land adjacent to our Taling Chan printing factory. This newly purchased land will accommodate not only the extension of the printing house but also a new office building for all Amarin’s publishing business personnel, currently based at our Arun-amarin head office. The construction project, Amarin Corporate Park has been very well underway and expected to complete by the end of 2003, when Amarin’s employees from all lines of business will have a much more spacious working area and enjoy working in one of Thailand’s finest “corporate parks.” Thanks to our rock-solid financial status and satisfactory operating results in previous years, we have been able to fund this project almost entirely relying on our own savings with minimal bank loan and thus following the policy of “Sufficiency Economy”. Y 50 Y 50% W B Balance Y W B Balance Y W 50% W Balance Y P W Balance Y W 50% W Balance P Y 50 W W Balance W Y REPORT OF THE AUDIT COMMITTEE B C Balance 12 Amarin Printing and Publishing Public Co., Ltd. Y 1. Examining the Company’s management policies and making recommendations on the efficient and effective human resource development; 2. Scrutinizing the Company’s compliance with existing business rules and regulations; 3. Inspecting and making suggestions on necessary measures to improve the effectiveness of its internal control system with reference to debtors and inventory; 4. Reviewing the credibility of the Company’s quarterly and yearly financial statements for the year 2002 – by analyzing the corporate operating results, enquiring the management executives and discussing with the internal and external auditors – to ensure that they not only accurately represent the Company’s financial position and operating results but also comply with the generally accepted accounting standards; Annual Report 2002: 50% > As Audit Committee of Amarin Printing and Publishing Public Company Limited, we have fulfilled our obligations and carried out all the tasks commissioned by its Board of Directors. We have made all necessary assessment and inspection to ensure that not only the Company’s financial information was made in accordance with generally accepted accounting standards but also its internal control system was appropriate and efficient. The company’s business operations and undertakings have also been under our scrutiny to make sure that they were in compliance with existing rules and regulations. Last but not least, we have also made recommendations regarding the selection and appointment of the Company’s auditor and completed other assignments given by its Board of Directors. Throughout 2002, we have had altogether seven Audit Committee meetings to discuss and review the following issues: 12 5. Providing guidelines on its internal auditing procedures, reviewing and approval of the Internal Audit Office’s 2003 auditing plan. As for 2003, the Audit Committee has already selected and recommended to the Board of Directors of Amarin Printing and Publishing Public Company Limited the appointment of either Miss Susan Eimvanitcha or Miss Wanya Buddhasatira from A.M.C. (Accountants and Management Consultants Co., Ltd.) as the Company’s auditor for 2003 pending the approval by the 2003 Shareholders’ Annual Meeting. (Mr. Wathanyu Nathalang) Chairman of the Audit Committee 50% W Balance W W Y W Balance Y W 50% W Balance Y P Y W Balance OB > The Audit Committee’s policy and mission is to serve as a vital tool or mechanism to ensure that the Company has been steadfastly implementing and strictly complying with the so-called Good Corporate Governance. The Committee’s obligations and responsibilities cover the following: 1. To make certain that the Company has an accurate and transparent financial statement. This can be achieved not only by coordinating with the Auditor, Internal Audit Manager and responsible management executives but also by reviewing the Audit Report, the Management Letter of the Auditor and the internal audit report; Sk1 Sk2 W 50% B Balance Y W B Balance W Y 50% B Balance W Y B Balance POLICY AND MISSION OF THE AUDIT COMMITTEE 2% 3% 4% 2. To work with the Auditor and internal auditor to ensure that the appropriate and effective internal control system and audit procedures are in place; 3. To scrutinize the Company’s appropriate disclosure of the financial information, particularly in areas where conflicting interests may exist; 4. To screen, select and nominate the Company’s Auditor based on the following criteria: independence, credibility, professionalism and past experience; 5. To monitor the Company’s compliance with existing laws and regulations governing the operation of public companies e.g. Securities Act and Stock Exchange’s regulations and other relevant commercial laws; 6. To prepare the Audit Committee’s Report – certified and signed by Chairman of the Audit Committee – to be published in the Company’s Annual Report; 7. To perform and carry out other duties and tasks as requested or assigned by the Company’s Board of Directors. B Balance C Y Amarin Printing and Publishing Public Co., Ltd. 13 50% Annual Report 2002: 13 Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P B Balance Y K 50% B Balance P Y 50 K B Balance BOARD OF DIRECTORS AND AUDIT COMMITTEE Mrs. Metta Utakapan Chairwoman Mrs. Supawadee Komaradat B C Balance Ms. Rarin Utakapan Director 14 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% Director 14 K Y 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% Mr. Wathanyu Nathalang Independent Director Chairman of the Audit Committee Mr. Charoenchi t Na Songkhla Independent Director Member of the Audit Committee Dr. Somcha i Phagaphasvivat Independent Director Member of the Audit Committee Director Mr. Smat Ruangnarong Director 15 Y Mrs. Suphab Noi-um B Balance C Director Amarin Printing and Publishing Public Co., Ltd. Mr. Cheewapat Nathalang 50% Annual Report 2002: 15 Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P B Balance Y K 50% B Balance P Y 50 K B Balance Y EXECUTIVE BOARD Mrs. Metta Utakapan President and Chief Executive Officer Mrs. Supawadee Komaradat Senior Executive Vice President and Managing Director: Publishing Business Ms. Rarin Utakapan Executive Vice President: Marketing and B C Balance 16 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% Public Relations Mr. Cheewapat Nathalang Executive Vice President and Managing Director: Printing Business 16 50% B Balance “We Work for Happiness and Prosperity of Our Society” B Balance C Y Amarin Printing and Publishing Public Co., Ltd. 17 50% Annual Report 2002: 17 K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P B Balance Y K 50% B Balance P 50 Y K B Balance K Y 50% B Balance THE BUSINESS OF THE COMPANY AND ITS SUBSIDIARY Publishing Line of Business Publishing is where Amarin started from (with the publication of Baan Lae Suan or House and Garden Magazine) and has continued to be of our primary business interest. Our solid and invaluable 27 years of experience in magazine and book production has largely been a key reason behind our leadership in the market. Today, Amarin’s publishing line of business includes the following publications: Six Magazines Baan Lae Suan > This is a monthly magazine that features knowledge on homes, decoration, landscaping and gardening, decorative plants and living atmosphere and environment. It also presents modern design patterns, news and articles on modern as well as traditional arts plus useful techniques and architectural know-how. Praew > A bi-monthly magazine, Praew is a magazine for modern-day working women. Its contents, which are rich and informative, inspiring as well as entertaining include fashion, news and movements on the social scenes, matters women should know, health, beauty, serialized novels and short stories, interviews, travelogue, arts, films and so on. Sudsapda > A bi-monthly magazine for new generation, teens and youngsters who always keep themselves abreast of new fashions and au courant with current developments. Its contents vary from interviews to lifestyle, in-depth feature to entertainment columns covering reviews on books, films, music, travel memoir and overseas news round-ups. B C Balance 18 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% Cheewajit > A bi-monthly health magazine, it is aimed at promoting and serving as a forum for alternative medicine. Its contents encompass healthcare, preventive medicine, rehabilitation and therapy. Based on the notion of holistic medicine that involves the treatment of the whole person–taking into account the body and mind, social as well as environmental factors–rather than the physical symptoms alone, Cheewajit presents its rich contents in a modern, relaxed and light-hearted style. Health-conscious readers would find the knowledge and health tips it provides simple but helpful, academic yet practical. Health & Cuisine > A monthly lifestyle magazine for modern and health-conscious readers, Health & Cuisine presents healthy food recipes and cooking tips from professional chefs and food experts, practical knowledge on holistic healthcare and health tips including exercise techniques and beauty secrets. National Geographic (Thai-Edition) > A world’s leading feature magazine, National Geographic (Thai-Edition) will open the world for those with passion and thirst for new knowledge–lively told by veteran travelers, explorers, and experts in all scientific fields. The magazine has been well known for over a century for its breathtaking photographs and excitement-filled contents. Thai readers will be able to share this unique experience simultaneously with millions in several other countries. With the publication of National Geographic (Thai-Edition), Amarin has proudly made its contribution to the making of a truly learning society in this country. K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% > Besides the above-mentioned six flagship magazines, Amarin’s Publishing line of business proudly introduces our latest magazine room, the first issue of which is scheduled in March 2003. With a motto, room is Everywhere, room is a decor magazine that features new design patterns, creative ideas and tips for decorating your living space. The magazine’s target group is a new generation twenty-something who has the living quarters of their own or planning to have one. > In addition, Amarin has also developed our magazines’ websites to promote subscription, expand the readership’s base, and serve as forums for members. Until now, three websites have already been launched and fully in operation namely www.baanlaesuan.com, www.cheewajit.com and www.healthandcuisine.com. And in 2003, National Geographic (Thai-Edition) will have its website launched at www.nationalgeographicthai.com Books Over the past two decades, Amarin has set up 11 affiliate imprints to oversee the publication of our high-quality book series, which are informative and inspiring, academic as well as entertaining. These imprints comprise: Praew Books > This series features mostly literary works by authors of varying styles and genres covering a broad range of contents and forms, be it fiction, short story, poetry, essay, feature and edutainment. Believing that thinking, writing and reading are at the heart of a healthy society, Praew Books has been deeply committed to the production of quality books that not only promote goodness in society but also raise responsible awareness in the socio-political, economic and cultural milieus. Praew Entertain Books Y > A publishing house focusing on high quality scholarly books and research monographs, Amarin Books is truly a reliable source for knowledge that covers a wide range of academic fields from culture, politics and social sciences to history, economics and technology. B Balance C Amarin Books 19 Amarin Printing and Publishing Public Co., Ltd. > This is a series of culinary books aimed at providing a comprehensive knowledge on food preparations, cooking tips, nutritional information and in-depth discussion on food-related art and culture. 50% Khrua Baan Lae Suan Books Annual Report 2002: > Dedicated to a variety of modern performing arts and entertainment including film, theatre and music, the series provides an in-depth analysis and reference-worthy knowledge for both general readers and experts alike. Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P B Balance Y K 50% B Balance P 50 Y K B Balance K Y 50% Health Clinic Books > This series seeks to provide the health-conscious readers with high-quality books–written by local and international experts–on alternative healthcare that takes into account both body and mind. Readers will benefit from its in-depth yet highly applicable knowledge. Arun Books > Noted for its entertaining and thought-provoking nature, this series presents quality novels by well-known authors and award-winning novelists. Praew Children Books > A series of beautifully children picture books that enhance their cognitive development and imaginative thinking. The publishing house also regularly organizes campaigns and activities to promote a good reading habit, the very foundation for children’s future education. Praew Juvenile Books Specialized in children and juvenile literature, Praew Juvenile Books selects well acclaimed works, fiction as well as non-fiction, from around the world and present them in beautifully translated Thai language so that Thai youth can appreciate their literary and linguistic values children in many other countries already had. It also encourages local writers, experienced and newcomer, to create good literary works for Thai children. Baan Lae Suan Books > Created and produced by selected contributors and editors who are specialized in home care and decoration, gardening, decorative and flowering plants, this beautifully illustrated series not only makes an easy reading but also provides reference-worthy and practical knowledge suitable for students and horticultural enthusiasts alike. Sudsapda Books > A fast growing imprints that focuses on the publication of inspiring and entertaining books for young generation. Many titles that have already been published were written by well-known personalities in the media and entertainment circles. B C Balance 20 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% National Geographic Books > Explore the boundless world of knowledge with National Geographic Society’s century-old repository of wisdom. National Geographic Books is proud to present a selection of captivating and inspirational non-fiction titles that cover a variety of topics from adventure and exploration to art and culture; or from human civilization to lives in the wild–beautifully written and compellingly told by world-renown explorers and National Geographic writers. Special Activities To promote vocational skills and learning process for our magazines’ subscribers and the public at large, Amarin’s publishing business division has regularly organized a variety of special activities from short training courses to study trips both inside and outside Thailand. The short training courses, which provide various handicrafts skills and a source for supplementary income range from origami and papier-mâché, cooking classes, elementary watercolor painting, flower arrangement and tray-gardening to basic photography, ceramic works for beginners, bottle paining and so on. Other training courses involving alternative healthcare and holistic lifestyle have been held in conjunction with Cheewajit Magazine for both subscribers and members of the public. Last but not least, regular short trips and study tours to famous homes and gardens, art and culture venues and other domestic as well as overseas destinations have also been conducted. B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% Printing Business > From our modest inception as a small in-house printing factory and throughout 25 years of experience involving all aspects of high-quality printing, Amarin’s Printing Business Division has proudly become one of Thailand’s leading printers. Having been equipped with a fully computerized and state-of-the-art printing technologies, we offer complete and full-range printing services from pre-press, which include editorial assistance, photographing, typesetting, proofreading and layout design to press and finishing. At present, half of our production capacity has been reserved for Amarin’s own publishing business (i.e. flagship magazines and affiliate imprints), whereas the other half has been made available for external customers from within and outside Thailand. We have prided ourselves on being able to blend the ever-changing printing technologies with art and beauty, which lie at the heart of any printing production. In addition, we have also taken an utmost care and made efforts to ensure that every imagination, creativity as well as individual needs of our customers could be perfectly rendered into a high quality printed matter. Thanks to our highly structured organization, tailor-made management system, cutting edge technologies and above all, our staffs’ dedication and professionalism at every level, Amarin’s Printing Business Division has become the first printing factory in Thailand to be awarded with ISO 9002 : 2000. During 2001 and 2002, Amarin’s Printing Business Division has undergone major internal restructuring and operational improvement. For example, all the existing six full-color printing machines, which were in service for nearly 10 years have been traded for newer machines with much more advanced technologies and another fully computerized binding system has also been installed. As far as the infrastructure and basic facilities are concerned, an adjacent plot of land has been purchased to expand the inventory and customer reception areas. Last but not least, not only has the workflow system been improved in terms of effectiveness and speed but the production’s work schedule has also been split into three shifts around-the-clock and 7 days a week. All the above-mentioned undertakings, we strongly believe, will very well prepare us for the increasing demand in high-quality printing services and the clear sign of growth in this sector from the middle of 2003 onwards. The satisfactory operating results, long-time reputation and credibility of our Printing Business Division have never failed to please the Company’s shareholders. In the meanwhile, we have also been very proud to be able to provide our personnel with work security, favorable working environment and condition and good governance as clearly stated in our philosophy: “We work for happiness and prosperity of our society”. 50% Y Amarin Printing and Publishing Public Co., Ltd. B Balance C Annual Report 2002: 21 Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y B C Balance 22 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% Amarin Book Center Company Limited P B Balance Y K 50% B Balance P Y 50 K B Balance K Y > Amarin Book Center Company Limited was established in 1993 by Amarin Printing and Publishing Company Limited. The 40% stake in the Subsidiary’s Baht 10,000,000 registered capital makes the latter its major shareholder. The Company was founded to take charge of the distribution of all the publications including magazines, books and other publications published by the Group’s imprints, other publishing houses and independent writers. In the same year, His Majesty the King graciously granted His permission to Amarin to handle the sale of His first Literary Work, Nai Indra Phu Pid Thong Lang Phra, a Thai translation of William Stevenson’s book A Man Called Intrepid. That was followed by His second translated title Tito, based on the book of the same title by Phyllis Auty in 1995. Later in 1996 and 1997, Amarin was once again entrusted with the distribution of His Majesty’s another highly successful Literary Work, The Story of Mahajanaka, which appeared in both hard-cover and paperback editions packaged together with the consecrated Mahajanka Medallion. In 1999, nd the auspicious year of His Majesty’s 72 Birthday Anniversary Celebrations, the cartoon version of The Story of Mahajanaka was published and the distribution of which was again assigned to Amarin. This was also the case for the full-color cartoon version of The Story of Mahajanaka, which appeared in the following year. Most recently in 2002, His Majesty the King commissioned the Company to print for sale His latest Literary Work, The Story of Tongdaeng (Biography of a Pet Dog). Moreover, Her Royal Highness Princess Maha Chakri Sirindhorn has graciously granted her authorization to Amarin to distribute every title of her travelogue series–hardcover as well as paperback–since 1995. Importantly still, Amarin Book Center Co., Ltd. has also been greatly gratified to receive Her Royal Highness Princess Galyani Vadhana Kromluang Naradhiwas Rajnagarindra’s permission to distribute some of her literary works since February 1996. Since its inception in 1993, Amarin Book Center Co., Ltd. has been determined to continuously develop its services not only to ensure the customers’ highest level of satisfaction but also respond effectively to their needs and expectations. To achieve this goal, on April 10, 1999, the Company’s Executive Board of Directors and staff members at every level enthusiastically embarked on the Quality Management System Development Program based on ISO 9002 requirements. This very effort to improve the quality of our products and services as laid out in the Company’s policy, has eventually paid off with the 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% acquisition of ISO 9002 Certificate, awarded by the BVQI Institution on December 14, 1999. Since then, Amarin Book Center Co., Ltd. has carried on with and continually improved its quality management policy and system. Consequently, on July 13, 2002 BVQI institution has awarded the Company with the newly updated ISO 9001 : 2000. With this assurance, we can guarantee that our products and services have been strictly in accordance with the international quality management standards. The scope of the above-mentioned quality management system covers the following products and services: Subscription-based As another key channel for magazine distribution, the Company’s subscription department has been enthusiastically advertising and disseminating information on the sale-promotion activities to each magazine’s subscribers. As far as the delivery methods are concerned, subscribers in Bangkok and its vicinity receive their magazines from the Company’s reliable team of messengers–long before the magazines have become available at the newsstands. As for the subscribers in the provinces and abroad, the magazines will be delivered through postal services. Sealed in well-protected envelopes, the Company makes sure that the magazines reach our subscribers in as perfect a condition as possible. 1. Magazine Distribution > At present, the Company handles the distribution of six flagship magazines published by Amarin Printing and Publishing Public Company Limited namely 2. Books and Magazines Delivery Service Baan Lae Suan, Praew, Sudsapda, Cheewajit, Health & Cuisine and National Geographic (Thai-Edition). > Drawing on our highly effective delivery system and efficient teams of well-trained messengers, the Company offers a fast, reliable and safe delivery service for magazines, books and other publications to any interested customers such as publishing houses, magazine’s owners or online bookstores. Our delivery service has been managed and handled according to our certified quality control system. In addition, it has also been entrusted by some other publishing houses with the distribution of their magazines through the two following effective channels: Agents-based The Company handles the sale of magazines through a network of more than 40 agents covering the areas of Bangkok and its vicinity vis-á-vis the other 200 plus in the provinces. Through these agents, the magazines then reach the newsstands–located within each individual agent’s zone–totaling 8,000 newsstands nationwide. 50% Y Amarin Printing and Publishing Public Co., Ltd. B Balance C Annual Report 2002: 23 Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y 3. Books Distribution Service > Amarin Book Center Co., Ltd. has been entrusted to distribute more than 1,000 books titles published by Amarin’s imprints and over 500 titles by other publishing houses. Thanks to our energetic sales teams, we have been able to effectively distribute all the publications to bookstores nationwide via the following channels: Bangkok and Its Vicinity Channel A special sales team is currently handling more than 350 retail outlets in Bangkok and its vicinity, providing them with logistic supports and other advices. B C Balance 24 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% Upcountry Retail Channel The Company has set up several sales teams to take care of more than 300 retail outlets in the upcountry, which has been divided into four geographical regions namely North, Northeast, East and South. Each sales team regularly visits the retail outlets located in its service coverage, conducts market surveys, and handles client relationship. To stimulate and promote strong sales, upcountry sales teams, like those in Bangkok, not only provide those outlets with valuable suggestions on book shelving and display as well as store’s decor but also jointly arrange sales promotions events. P B Balance Y K 50% B Balance P Y 50 K B Balance K Y Direct Sale Channel As another distribution channel, our direct sale teams regularly send a list of carefully selected publications– based on their suitability, educational value and social usefulness–to government agencies, academic institutions and school libraries for their consideration. Those titles can then be ordered via our direct sale service at a special discount rate to be used as supplementary reading, references and reading materials that enhance reading skills. Mobile Sale Units Channel The Company has set up several mobile sale units to promote book sale activities at different fairs and festivals organized all year round including the National Book Fair Week, school library activities, books launch events and exhibitions and other local fairs. Direct Mail Channel Our direct mail staffs have regularly prepared, updated and mailed a well-selected list of new publications–completed with book’s details, synopsis and full-color cover samples–to prospective buyers comprising mostly our magazines’ subscribers. These direct mail brochures and book catalogues will be sent four times a year to keep our customers informed on the latest interesting publications. E-commerce Channel Inspired by the pilot project of creating an E-commerce website to promote the distribution of Her Royal Highness Princess Maha Chakri Sirindhorn’s Literary Works via http://www.amarin.com/princessbook, Amarin Book Center Co., Ltd.–in conjunction with Amarin Printing and Publishing Public Co., Ltd.–has developed an increasingly popular sale channel i.e. on-line bookstore under the URL: http://naiin.com. The website not only features books’ details including cover, dimensions, prize, sampled pages and synopsis but also provides a B2C (Business to Customer) ordering system, which is quick, easy and secure. In addition, readers and visitors to the website can view their opinion or join the discussion on new publications and any other topics of common interest. 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% 4. Retail Outlets > Amarin Book Center Co., Ltd. has embarked on its retail business expansion by opening the Company’s own retail outlets, “Nai Indra Bookstore,” the name His Majesty the King graciously designated after His first Literary Work, Nai Indra Phu Pid Thong Lang Phra–at the request of the late Khun Chukiat Utakapan, President and CEO of Amarin Printing and Publishing Public Co., Ltd. At present, “Nai Indra Bookstore” has operated over 50 branches located in leading department stores, business and academic communities both in Bangkok and the upcountry–twenty of which are Company’s own, whereas the rest are franchised. Owing its debt of gratitude to His Majesty the King, who graciously bestowed the name, “Nai Indra Bookstore” and whose vision of life-long education has been the Company’s sublime goal, Amarin Book Center Co., Ltd. has been determined to operate its retail outlets based on the following principles: - “Nai Indra Bookstore” will serve as a center for the cultivation of reading and learning habit among the Thai public as well as the dissemination of knowledge–from education, science and technology to social sciences, arts and culture–to its surrounding communities and the society at large. - “Nai Indra Bookstore” will strive to become a favorite “gathering place” for readers and bookworms from all walks of life, offering a friendly, relaxed and cozy atmosphere. Customers will surely be impressed with our unique service of “reader’s corner” where they can relax after browsing for books or just pick one from the shelf and enjoy reading it. Y Amarin Printing and Publishing Public Co., Ltd. B Balance C 25 50% Annual Report 2002: Amarin Book Center Co., Ltd. launched its first branch of “Nai Indra Bookstore” at Tha Phra Chan (opposite Thammasat University in Bangkok) on June 20, 1994, followed by its first franchised outlet at the Pacific Park Shopping Center in Si Racha, Chon Buri three years later in 1997. Since then, more branches of “Nai Indra Bookstores”–Company’s own as well as franchised–have been opened not only in response to the Company’s policy in creating an extensive network of bookstores to serve as retail channel for our distribution business but also in accordance with Amarin’s business philosophy to dedicate itself as the community’s center for learning. Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P B Balance Y K 50% B Balance P Y 50 K B Balance K Y 50% THE PUBLICATION AND DISTRIBUTION OF HIS MAJESTY THE KING’S LITERARY WORKS 50% B C Balance Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: > In 1993, His Majesty the King graciously entrusted Amarin Printing and Publishing Public Company Limited with the publication and distribution of His first literary work, Nai Indra Phu Pid Thong Lang Phra, which had been translated from A Man Called Intrepid by William Stevenson. In the following year, Amarin was once again given His Majesty’s authorization to print for sale His second translated title, Tito–based on the book of the same title by Phyllis Auty. Until now, the two titles which were very well received and widely praised by Thai readers nationwide have been reprinted many times with the combined sales of over 250,000 copies–undoubtedly the country’s all-time best-selling record for hard-cover translated books. On the auspicious occasion of His Majesty’s Fiftieth Anniversary Celebrations (Golden Jubilee) of Accession to the Throne in 1996, Amarin was honored and privileged to be able to serve His Majesty again in the publication of another significant Royal Literary Work, The Story of Mahajanaka. The Royal Masterpiece, originally taken from the Holy Tripitaka (the Pali Canon) with some modifications to suit today’s society, retells the ancient legend of Prince Mahajanaka who was the embodiment and paragon of the virtues of endurance and perseverance. The Story of Mahajanaka, a bi-lingual and beautifully illustrated book has been reprinted several times and made available in various formats including large and small editions, hardcover as well as paperback. Very Importantly still, His Majesty also granted His permission for the casting of the Mahajanka Medallion for distribution together with the first large-sized and subsequent small hardcover editions. Until present, The Story of Mahajanaka has proudly boasted the country’s largest total print run ever and record sales of over 600,000 copies generating for His Majesty’s numerous charitable projects proceeds worth more than one billion Baht. nd In 1999, the year Thai people joyously celebrated His Majesty’s 72 Birthday Anniversary, His Majesty the King graciously stipulated that The Story of Mahajanaka be published in cartoon version. Chai Rachawat, Thailand’s renowned cartoonist, was commissioned to do the illustration. This version was printed in black and white and on local paper. Hence, the book could be affordably prized at Baht 35 so that the general public especially children and young people would be able to own a copy. This explains why nearly 3,000,000 copies of The Story of Mahajanaka, the cartoon version have already been sold. Later in 2000, His Majesty the King graciously commissioned the Company to publish another cartoon version of The Story of Mahajanaka ; this time in full-color based on the watercolor illustrations by Chai Rachawat. Moreover, Amarin was also granted the Royal Permission to produce 1,000 sets of coffee mugs with selected cartoon designs from The Story of Mahajanaka especially for sale to the public. So far, nearly 200,000 copies of the full-color version have been sold. Most recently in 2002, the Thai public was overjoyed to have leaned of His Majesty’s latest Literary Work, The Story of Tongdaeng (Biography of a Pet Dog) also published and distributed by Amarin. The book, launched and put on sale on November 26, 2002 has been in its tenth edition in January 2003 with the total print runs of 700,000 copies. Besides those four great Royal Literary Works, the Company was also authorized by His Majesty the King to publish the series of Royal Speeches. These are the transcripts of His Majesty’s Speeches given on various occasions including the Royal Birthday Anniversaries, the texts of which were meticulously edited, revised and translated into English by His Majesty Himself. The book was published in a not-too-thick paperback format with unique cover design featuring the Royal Initials stamped in gold above the blue title on the white background. The 17 x 24 cm-sized book, which was bound by saddle stitch, also contained some full-color photographs. His Majesty has sponsored the publication of this series and used them at His disposal. Some were given to public schools and other government agencies for 26 educational and official use; others were made available for the public at the affordable cover price of Baht 120. The first book in the Royal Speeches series, published in 1994 was entitled Royal Speech given to the audience of well-wishers on the occasion of the Royal Birthday Anniversary on December 4, 1993. Since then, His Majesty has, on the annual basis, granted the Royal Speeches’ manuscripts to the Company for publication. The latest one was the Royal Speech on the occasion of His Majesty’s Birthday Anniversary in 1999, which was published in December 2001. In 1999, the Company was entrusted by the Princess Maha Chakri Sirindhorn Foundation to produce a CD-ROM entitled Cycles of Life, Cycles of Development: Royal Speeches given to the audience of well-wishers on the occasions of the Royal Birthday Anniversaries 1993-1998 both in Thai and English editions for sale to the public. This was the first time that His Majesty the King’s Speeches were compiled and published in an electronically stored format (i.e. CD-ROM). Having been grateful to His Majesty the King for continuously entrusting the Company with the publication and distribution of the Royal Literary Woks, Amarin will continue to dedicate itself to the service of His Majesty the King with humble respects, honesty and loyalty. B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% 50% Y Amarin Printing and Publishing Public Co., Ltd. B Balance C Annual Report 2002: 27 Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B P B Balance Y K 50% B Balance P Y HIS MAJESTY THE KING’S LATEST LITERARY WORK, THE STORY OF TONGDAENG > In 2002, His Majesty the King graciously granted His permission to Amarin Printing and Publishing Company Limited to publish and distribute His latest Literary Work, The Story of Tongdaeng. In this book, His Majesty recounts the biography, intelligence and trainability of “Tongdaeng”, His favorite pet dog, who has widely been admired and popular among the Thai people. As His Majesty writes in the Preface of the book: B C Balance 28 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% “...Tongdaeng is a common dog who is uncommon. She is quite widely known. Many accounts about Tongdaeng were published, but regrettably, there were many departures from the truth; at the sametime, they also lacked many important details, particularly Tongdaeng’s gratefulness and respect to “Mae Mali”, which His Majesty praises as being ‘different from many others who, after having become an important personality, might treat with contempt someone of lower status who, in fact, should be the object of gratitude.’ ” Consequently, anyone who has read The Story of Tongdaeng will surely get to know Tongdaeng very closely and accurately. In The Story of Tongdaeng, His Majesty begins the narrative with the story of “Mae Daeng”, Tongdaeng’s mother and her siblings right until the day Tongdaeng was presented to her Royal Master. His Majesty then fondly describes Tongdaeng’s characteristics, personality, and intelligence–all of which can hardly be found in any other dogs. In addition, some other outstanding qualities of Tongdaeng such as here loyalty, gratefulness, ability to teach her puppies, good manners, and special talents were also described. His Majesty backs up his observations by tangible examples and colorful illustrations (many of which are photographs taken by His Majesty Himself). Besides the biography of Tongdaeng, His Majesty also includes the accounts of some other dogs such as Mae Mali, Tongdam, Tongtae, and Tonglarng, who are, in some ways related to Tongdaeng The Story of Tongdaeng was a bi-lingual book as His Majesty had translated the Thai texts into English Himself. The eighty-fourpage-long hardcover book (dimensions: 17 x 26 cm) was printed on 105 gsm. premium quality glossy art paper with an affordable cover price of Baht 299. It also contained over one hundred full-color photographs and drawings. All the 100,000 copies of the initial print-run, which had been on sale since November 26, 2002 were very well received by the Thai public and completely sold out in no time. Until January 2003, the book has been in its tenth edition with the combined print-runs of 700,000 copies. 50 K B Balance K Y 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% 50% Y Amarin Printing and Publishing Public Co., Ltd. B Balance C Annual Report 2002: 29 Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B P B Balance Y K 50% B Balance P Y 50 K B Balance K Y THE PUBLICATION AND DISTRIBUTION OF HER ROYAL HIGHNESS PRINCESS MAHA CHAKRI SIRINDHORN’S LITERARY WORKS > The Princess Maha Chakri Sirindhorn Foundation, a charity organization established to support the education of poor and underprivileged children and young people throughout the country, has published Her Royal Highness Princess Maha Chakri Sirindhorn’s Literary Works for fund raising. In 1981, the Foundation entrusted Amarin with the printing of Yam Daen Mangkorn (Treading the Dragon Land), the first of Her Royal Highness’ travelogue series. For over two decades since then, the Company has granted the honor of being the printer of this highly acclaimed, lively and informative travelogue series. th The latest title (the 45 in this series) published in 2002 was Lao Ruang Muang Farang (Tales from Western Countries). Lao Ruang Muang Farang – originally a compilation B C Balance 30 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% of the transcript of Her Royal Highness’ lecture on her visit to France in May 1980 and the photographs she took in six European countries–was first published by the Princess Maha Chakri Sirindhorn Foundation and Siam Commercial Bank in April 1981 to raise fund for the Foundation’s charitable projects. Later in October 2002, Her Royal Highness graciously authorized the reprinting of this title as a memento of the royally sponsored cremation of the late Professor Emeritus Dr. Uraisri Warasarin, committee member of the Princess Maha Chakri Sirindhorn Foundation. Shortly afterwards in November 2002, the Foundation, also under Her Royal Highness’ permission, published the third edition for sale to the public. Since 1995, the Princess Maha Chakri Sirindhorn Foundation, as publisher of Her Royal Highness’ literary works has appointed the Company’s subsidiary, Amarin Book Center Co., Ltd. sole distributor of HRH’s travelogue series and other titles. More recently, the Foundation also entrusted Amarin with the development of a web-based E-commerce system to promote and distribute all Her Royal Highness’ literary works on the Internet. The beautifully designed website: www.amarin.com/princessbook was launched on July 25, 2000 and has been in operation since then. The above-mentioned project to promote and distribute Her Royal Highness’ literary works via E-commerce on the Internet has not only increased the books distribution efficiency and extended the marketing range to cover all consumer sectors, but has also provided all book lovers, students and the public at large with a new media “vessel” for taking “a journey through the world of knowledge” with Her Royal Highness’ literary works as well as with an opportunity to support the many charitable projects of the Foundation by purchasing Her Royal Highness’ works at their own convenience and from any part of the world, inside and outside Thailand. As far as Amarin Printing and Publishing PCL is concerned, our participation in the development of this project is both a great honor and a proud achievement. In addition, it marked the beginning of the company’s new business venture into the borderless cyber world and commitment to the E-business on the Internet, as remarked by Mr. Chukiat Utakapan, the late Chairman of the Board of Directors and CEO of Amarin Printing and Publishing PCL at the official launch of the E-commerce system for Her Royal Highness’ literary works: “Amarin proudly considers this day a milestone in the development of our E-business on the Internet. Our E-commerce transactions and activities will be based on our deeply rooted Thai wisdom and cultural foundation as well as on the international standard and practice, which we believe will most benefit our Thai society.” Most recently in February 2002, Her Royal Highness Princess Maha Chakri Sirindhorn graciously commissioned the Withayalai Nai Wang Ying (Royal Women Vocational College) to publish a book entitled Ka-nom Luk Luk Khun Tongdaeng (Tongdaeng’s Puppies Named after Nine Different Thai Sweets) and designated Amarin as printer and distributor of this title. The book not only introduced to the Thai readers Tongdaeng, His Majesty the King’s favorite pet dog, which has recently become very popular but also contained Tongdaeng’s photographs taken by His Majesty Himself and those of her nine puppies complete with individual biographies. In addition, it also included the recipe and photographs of nine different Thai traditional sweets, the individual name of which (all beginning with Tong or “gold”) had been given to each of Tongdaeng’s nine puppies. This colorful book was printed in a handy paperback format (dimensions: 14.50 x 21.00 cm; 24 pages) with the affordable cover price of only Baht 30. Until now, it has been reprinted six times with the combined print runs of 380,000 copies. 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% 50% Y Amarin Printing and Publishing Public Co., Ltd. B Balance C Annual Report 2002: 31 Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B P B Balance Y K 50% B Balance P Y 50 K B Balance K Y 50% THE PUBLICATION AND DISTRIBUTION OF HER ROYAL HIGHNESS PRINCESS GALYANI VADHANA KROMLUANG NARADHIWAS RAJNAGARINDRA’S LITERARY WORKS B C Balance 32 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% > Her Royal Highness Princess Galyani Vadhana Kromluang Naradhiwas Rajnagarindra has graciously entrusted the Company with the printing of some of her literary works since 1982. The first title printed at Amarin was Mae Lao Hai Fang (Mother Told Me), paperback edition, which was published, under Her Royal Highness’ permission, by the Ministry of Education to raise fund for the Somdet Phra Srinagarindra Public Park Project. The book proudly set the country’s highest record for the number of printed paperback at 500,000 copies. Since then, the Company has been commissioned to print several other literary works of Her Royal Highness, which include one of her first titles in the travelogue series, Than Arayatham Chin (The Stream of Chinese Civilization) published in 1988, followed by such titles as Bhutan: Green Island on Land (1989), Turkey: Land of the Roman Emperors and Ottoman Sultans (1990), Xinjiang and Gansu : Pictures from Far Away Places (1990), Yunnan nd (2 edition, 1991), Eastern China: Mountains, Lakes, Temples (1994) and Northeastern China and Sichuan (1997). Besides these travel literature titles, Her Royal Highness Princess Galyani Vadhana also graciously appointed Amarin to print her other works on the royally-related topics such as Postcards Games (1992), Royal Seals, Royal Families’ Coats-of-Arms, Family’s Coats-of-Arms, Royal Initials and Initials (1995), and Prince Mahidol and Art (1995). Following the demise and royal cremation of the late Princess Mother, Her Royal Highness Princess Srinagarindra Boromarajajonani in 1995, Her Royal Highness Princess Galyani Vadhana graciously granted her permission to the Company to print two special and reference-worthy books in memory of her Royal Mother. These were Popular Chronicle from the Press: The Demise of the Princess Mother and Song Sadet Somdet Ya (A Valediction to HRH the Princess Mother), the two large-sized books Her Royal Highness Princess Galyani Vadhana toiling over by collecting daily news clippings on the demise and royal cremation of the late Princess Mother from several local newspapers for many days. Her Royal Highness also wrote some additional notes and remarks by herself. Apart from printing, the Company was also greatly honored and gratified to have received Her Royal Highness’ authorization to distribute some of her literary works since February 1996. B Balance K Highlights of 2002 50% Y Amarin Printing and Publishing Public Co., Ltd. B Balance C Annual Report 2002: 33 K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P B Balance Y K 50% B Balance P Y 50 K B Balance K Y Amarin Book Fair B C Balance 34 Amarin Printing and Publishing Public Co., Ltd. Y > Fully committed and earnestly dedicated to the cultivation of reading habit in Thai society, Amarin has created, on a continual basis, a variety of special activities such as “Coffee Corner Literature Forum”, Book Launch events, “Sharing of Love by Knowledge” Project, Children’s Books and Story-telling Tour and so on. > Amarin Book Fair, held for the first time buring 25 to 28 July 2002 at the Grand Ballroom of Queen Sirikit National Convention Center, was not only a grand and all-embracing event for book lovers but also another milestone in the Company’s history and business undertakings. With a variety of creative activities jointly organized by Amarin’s three lines of business, the event significantly stimulated people’s awareness of reading. It was also an ideal meeting place for book lovers, writers, publishing and printing houses, book sellers and readers from all walks of life to get together and exchange their ideas and common passion for books. In an inspiring and hospitable atmosphere of a “reading festival”, the visitors were able to choose over 2,000 special discount titles and more than 50 new publications from Amarin’s imprints, receive a variety Annual Report 2002: 50% > Amarin Printing and Publishing Public Company Limited is a full-service operator in publishing, printing and distribution business par excellence. As far as publishing is concerned, Amarin not only owns six leading magazines namely Baan Lae Suan, Praew, Sudsapda, Cheewajit, Health & Cuisine and National Geographic (Thai Edition) but also has under its umbrella eleven well-respected affiliate book imprints. The Company has also been recognized domestically and internationally as a high-quality printing service provider and leader in printing-related technology. To complete the picture, Amarin has a major stake in its subsidiary, Amarin Book Center Company Limited whose business activities entail distributing and retailing books, magazines and other publications through sale agents and retail outlets. Amarin Book Center not only has a nation-wide network of franchised bookstores but has also operated its own retail outlet “Nai Indra Bookstore.” 05.‡Àµÿ°“ χ¥Ë ª’45/E34-43 34 8/4/03, 2:56 PM 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% of collectable souvenirs such as bookmarks, postcards and notebooks, play games and participate in a lucky draw to win big prizes and last but not least, enjoy various entertaining and enlightening activities such as: * Panel Discussions * Books Launch Activities * “Manuscript Market” - offering an opportunity for prospective writers, translators, photographers and illustrators artists to submit their works for publication to Amarin’s editorial team comprising eleven affiliate imprints and six flagship magazines * “Book Production Exhibition” by Amarin’s Printing Business Division, which has been recognized as a leader in printing-related technologies in the region * Amarin Mini Theatre presents quality short films and great documentary programs from the National Geographic Channel * “Meeting the Editors” - visiting the stands of Amarin’s six magazines and eleven affiliate imprints; meeting and conversing with their editors and editorial staffs The 1st Amarin Book Fair proved to be an overwhelming success with the total number of visitors exceeding 100,000 throughout 4 days of the fair. Moreover, the total sales were also reported at over 7.7 million baht - making the highest sales figures per day ever - when compared to the company’s previous records in any other national-level book fairs. > It goes without saying that Amarin Book Fair was and will continue to be not only the Company’s major event of the year but also a testimony to its proud leadership in Thailand’s printing, publishing and distribution business. 8/4/03, 2:56 PM Y 35 B Balance C Amarin Printing and Publishing Public Co., Ltd. 05.‡Àµÿ°“ χ¥Ë ª’45/E34-43 50% Annual Report 2002: 35 Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P B Balance Y K 50% B Balance P Y 50 K B Balance K Y The Fifth “Ruam-pon Kon-kian” (5th Writers’ Night) B C Balance 36 Amarin Printing and Publishing Public Co., Ltd. Y > As for this year’s “Writer of the Year’s Honorary Award”, Amarin felt privileged to be able to honor and pay tribute to a highly respected and prolific writer, Rong Wongsawan, who, over the past 50 years, has created works of great linguistic and literary values. With his great works-such as Sey-Playboy Chaorai, Poo Mee Yee-kae Nai Huajai, Sanim-Soy and Long Klin Kancha-having been widely read and appreciated today as well as in the past, Rong Wongsawan has triumphantly proved that “Thai literature has never died.” > As publisher and distributor of quality books, Amarin has created the “Best Seller Award” to express our support and recognition to successful authors and translators whose works have either been published by Amarin or distributed by its subsidiary, Amarin Book Center Co., Ltd. The awards will be judged and given on a year-on-year basis to books with sales figures of minimum 20,000 copies and 10,000 copies for Literary fiction titles. In 2002, there were altogether 25 award-winning titles (10 more titles from last year), some of which could actually make record sales of over 100,000 copiesthanks to the promising sign of increasing reading percentage among the Thai population. The detailed list of this year’s Best Seller Awards winning titles is as follows: Annual Report 2002: 50% > To express our appreciation and gratitude to writers and the press, Amarin has organized a special event called Ruam-pon Kon-kian or “Writers’ Night Party” for the past five consecutive years. This year’s Ruam-pon Kon-kian was held as part of Amarin Book Fair on 25 July 2002 at the Grand Ballroom of the Queen Sirikit National Convention Center. The highlights of this year’s event included the presentation of “Writer of the Year’s Honorary Award” to one of Thailand’s greatest writers, Rong Wongsawan, the official announcement and presentation of “Nai-Indra Awards” and “Best Seller Awards”, and a variety of entertainment activities performed by guest writers and artists. 05.‡Àµÿ°“ χ¥Ë ª’45/E34-43 36 8/4/03, 2:56 PM 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB 50% 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 37 B Balance Y B Balance Award-winning Titles Distributed by Amarin Book Center Co., Ltd. 1. 2. 3. 4. 5. 6. 7. GU Vol. 1 by Udom Taepanich; published by Por-dee Panich Co., Ltd. GU Vol. 2 by Udom Taepanich; published by Por-dee Panich Co., Ltd. GU Vol. 3 by Udom Taepanich; published by Pordee Panich Co., Ltd. Artimis Fawl, translated by “Chomnard” published by Tonmai Publications Yoo Yang Sanga (“Living a Noble Life”) by Prof. Dr. Vidya Nagavajra M.D., published by the Institute of Self-Improvement and Management Unlock the Mysterious World of Harry Potter , translated by Saranya-Supanee/compiled and edited by Kriangkrai Suesuwan; published by Jamsai Books Private Sornram’s Stories behind the Barracks by Sornram Theppitak; published by R.S. Retail Co., Ltd. > Besides the above-listed 25 Best-Seller Awards winners, Amarin also awarded Dr. Piya Chalermklin, a noted contributor for Baan Lae Suan Books, “Best Academic Book of the Year Award.” > “Ruam-pon Kon-kian”, another quality activity that Amarin has enthusiastically created for people in the publishing circles, veteran as well as new generation writers and members of the press. Once a year and in a friendly atmosphere, we get together to renew our bonds of relationship and enjoy ourselves. 37 8/4/03, 2:56 PM Y Lord of the Ring: The Fellowship of the Ring, translated by Wanli Cheunyong; published by Praew Juvenile Books Soo Pua Sop (“Fight for the Corpses” ) by Porntip Rojanasunanda M.D., published by Health Clinic Books Lord of the Ring: The Two Towers, translated by Wanli Cheunyong; published by Praew Juvenile Books Keep Practicing English, Don’t Give Up! by Natepreeya Chumchaiyo (Kru Kate); published by Sudsapda Books Study Thai with Kru Lily by Kru Lily; published by Sudsapda Books Hobbit, translated by Sudjit Pinyoying; published by Praew Juvenile Books Son Doey Sop (“What We Learn from the Corpses” ) by Porntip Rojanasunanda M.D., published by Health Clinic Books Let’s Study Abroad by Natepreeya Chumchaiyo; published by Sudsapda Books The Chronicles of Queen Suriyothai by H.S.H. Prince (Mom Chao) Jartrichalerm Yugala; published by Praew Entertain Books Queen Suriyothai (Cartoon Version) by H.S.H. Prince (Mom Chao) Jartrichalerm Yugala; published by Praew Entertain Books Krua Mai Suay (“My Beauty Secrets” ) by Kalya Bhuthanakij; published by Sudsapda Books Revitalize Your Life with Cheewajit Vol. 1 by Satit Indrakamhaeng Ph.D., published by Health Clinic Books Revitalize Your Life with Cheewajit Vol. 2 by Satit Indrakamhaeng Ph.D., published by Health Clinic Books Sueb Lab Rahat Rak (“Deciphering Mysterious Love Code” ) by “Gingchatr” published by Arun Books Utakapai Nai Duangta (“Flooding in Her Eyes” ) by Prapda Yoon; published by Sudsapda Books Lamnam Chantra (“An Ode to the Moonlight” ) by “Gingchatr” published by Arun Books Dekying Nangfah (“That Girl is an Angel” ) by “Dararai”, winner of Nai-Indra Award Som See Muang (“A Purple Orange” ) by “Daokrajai”, winner of Nai-Indra Award 05.‡Àµÿ°“ χ¥Ë ª’45/E34-43 50% B Balance C 18. Y Amarin Printing and Publishing Public Co., Ltd. 17. B Balance K 50% 16. Y K Annual Report 2002: 15. B Balance K 2% 3% 4% Award-winning Titles Published by Amarin 1. Sk1 Sk2 K Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P B Balance Y K 50% B Balance P Y 50 K B Balance K Y Reading Promotion Activities, Book Launch Events and Coffee Corner Forum by Nai-Indra Bookstores > One of Amarin’s strengths in the publishing business lays in its emphasis on the variety of interesting reading promotion activities for both magazines and books, which have provided a much-needed opportunity for our readers and members of the public to meet face-to-face and exchange ideas with their favorite writers. Thanks to the constant support and cooperation from the media for their help in disseminating information, these activities have not only successfully stimulated public interest in the value and importance of reading but also helped promote reading habit among the Thai people. > In 2002, Amarin held a variety of the above-mentioned reading promotion activities ranging from books launch events and coffee corner forum to some other special events such as Baan Lae Suan Fair 2002, homecare and gardening’s consulting sessions and short courses and the 3rd Nai-Indra Award Literary Contest. > As for the books launch events; Amarin’s affiliate publishing houses in conjunction with our highly enthusiastic teams of marketing and public relations proudly presented the following titles that were highly successful both in terms of public approval and sales: * * > Fully committed to the Company’s philosophy, “We work for happiness and prosperity of our society”, Amarin has continuously contributed our resources and efforts to the development of new reading promotion activities-with special emphasis on their variety and uniqueness-to benefit our readers and the public at large. * * * B C Balance * * * * * 38 Amarin Printing and Publishing Public Co., Ltd. Y * Annual Report 2002: 50% * Look Chai Chang Pood (“My Talkative Son” ) by Pusacha Tonavanik Study Thai with Kru Lily by Kru Lily Japanese Is Not As Difficult As You Thought by Thipawan Apiwanwararat Hak-dip (“Giving Up Taking Drugs”) by Thiti Khammani Who Is the Weakest Link by Krittika Kongsompong * Making a Book out of Exam Papers by Ping D’ Avance Ngan Na Lao (“Telling Stories with Face Up”) by Siriyakorn Pookawes Looking for Good Foods with Thanadsri by M.R. (Mom Rajawongse) Thanadsri Sawasdiwasdi “Party at Home” by Katesuda Raiwa Letters from Tokyo by Himito Na Tokyo Game Look Kaew translated by “Sodsai” from The Glass Bead Game, a classic literature of Nobel Laureate Writer, Hermann Hesse Tamnan of Nakorn Wat (“Legends of Ankor Wat” ) by Jitr Bhumisak Tiao Sib Tid (“Traveling Ten Directions” ) written by 12 travel writers and published to commemorate the 10th Anniversary of Praew Books, Amarin’s affiliate publishing house. On this special occasion, Praew Books also organized a forum discussion titled, “10th Anniversary of Praew Books and Thai Literature over the Past 10 Years”. 05.‡Àµÿ°“ χ¥Ë ª’45/E34-43 38 8/4/03, 2:56 PM 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K K B Balance Y 50% B Balance K Y Y B Praew Charity 2% 3% 4% > Praew, one of Amarin’s flagship magazines will celebrate its 25th Anniversary in 2003 with a project called “Praew Charity.” The project, which has been inspired by the magazine’s experience in featuring the plight of the destitute and the underprivileged in Thai society particularly children and women - many of whom have been subject to physical and psychological maltreatment - is aimed at providing a much needed help and support to various organizations working to alleviate the suffering of those people. > “Praew Charity” was officially launched on September 10, 2002 and will continue for the next 12 months until completed on September 10, 2003. During this one-year period, Praew Magazine will create a special column called “Praew Charity” that features interviews and case studies of contemporary women and children who have experienced mistreatment in their lives. Readers, magazine subscribers and the public are invited to contribute to the society by making donation to the following five selected foundations and charity organizations: * The “Puen Pung (Bha) Yam Yak” Voluntary Project under the Royal Patronages of H.R.H. Princess Somsavali and H.R.H. Princess Bajra Kitiyabha * Foundation for the Prevention of Cruelty Against Children * Emergency Home for Sexually Abused Women * Children’s Promotion Foundation * The Project for the Reduction of HIV Transmission from Mothers to Babies > Praew Magazine held a press conference to launch the “Praew Charity” Project at the Ballroom of Landmark Hotel on September 4, 2002. 8/4/03, 2:56 PM Y 39 B Balance C Amarin Printing and Publishing Public Co., Ltd. 05.‡Àµÿ°“ χ¥Ë ª’45/E34-43 50% Annual Report 2002: > In addition, the Magazine also organized the first fund-raising event at the Fashion Hall of the Emporium Shopping Center on December 3, 2002. Shoppers and members of the public not only had a chance to make donations by playing a drawing lots game or buying T-shirts and handbags designed by famous artists and stars but also enjoyed the music performances by 39 Dhabbarangsi family members, A Cappella 7 and Khun Krisda Sukosol. The memorable event concluded with the sharing of experience of “giving and taking” from a group of celebrities. > “Praew Charity” Project has not only reflected Amarin’s social responsibility and contribution but also reaffirmed Praew Magazine’s determination to grow with the Thai society-providing companionship to modern women who, despite their progressive outlook have never forgotten the traditional values and characteristics of Thai women. K 50 Y 50% K B Balance Y K B Balance Y K 50% B P B Balance Y K 50% B Balance P Y 50 K B Balance K Y Baan Lae Suan Fair 2002 B C Balance * * * Scale Model of “SIMPLICITY” House-designed by Mr. Chukiat Likitpanyarat, an interior design. The model presented an alternative style of living space with simple pattern designs internally as well as externally and the flexible transformation of internal space. Throughout five days of the Fair, the model received an overwhelming interest from visitors. Leading Retailers and Service Providers-the Fair gathered over 800 stores covering a wide range of home decor and gardening products - from furniture, hardware and building materials to real estate business, construction companies and loan providing institutions. Some other leading merchandisers - well selected and recommended by Baan Lae Suan Magazine - such as Nai-Indra Bookstore and health-care and food products retailers were also present. Home-care and Gardening Counseling CornersVisitors to the Fair had an opportunity to meet and counsel with experts such as architects, interior designers, botanists and professional garden designers. The service was totally free of charge. 40 Amarin Printing and Publishing Public Co., Ltd. Y The highlights of “Baan Lae Suan Fair 2002” were as follows: Annual Report 2002: 50% > “Baan Lae Suan Fair 2002” was held for the third consecutive year during October 30 to November 3, 2002 at the Queen Sirikit National Convention Center. This year, Baan Lae Suan Magazine as the event’s organizer decided to expand the exhibition areas and extend the Fair’s duration. The Fair, arranged under the theme of “SIMPLICITY” not only gathered a wide range of retailers specializing in hardware products, home decor and gardening but also featured various fascinating home and gardening-related contests and other activities. Like the past two years, “Baan Lae Suan Fair 2002” proved to be a great success both in terms of number of visitors and sales. > Starting from the middle of 2002 Baan Lae Suan Magazine had invited students and the general public to send in house models created under the theme of “SIMPLICITY”, which reflected the simple yet fashionable pattern designs corresponding to modern technologies and lifestyle. The total prizes amounted to Baht 100,000 and the award-winning works (1st and 2 nd prizes) would be exhibited for public view during the Fair. In addition, some other gardening and decorative plants contests were also held. 05.‡Àµÿ°“ χ¥Ë ª’45/E34-43 40 8/4/03, 2:56 PM 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% * * * Student Exhibition Area-To promote and encourage new generation of architects and designers, Baan Lae Suan Magazine opened the window of opportunity for any interested academic institutions to exhibit their students’ outstanding works such as scale models and home decor products. Seminars and Short Courses-Meeting face-to-face with experts and attending over 25 short courses and seminars on a wide range of topics from gardening, home decoration and handicrafts to yoga, cooking and healthcare. Economy House Plans-Over 3,000 sets of house plans - in 5 different styles with an affordable price of Baht 999 each - have been sold during 5 days of the Fair. > With tremendous success of “Baan Lae Suan Fair” over the past three years, Amarin will earnestly develop this proud annual event as an ideal expo for home and garden lovers alike, in which knowledge and trade activities have blended harmoniously. 8/4/03, 2:56 PM Y 41 B Balance C Amarin Printing and Publishing Public Co., Ltd. 05.‡Àµÿ°“ χ¥Ë ª’45/E34-43 50% Annual Report 2002: 41 Y K 50 Y 50% K B Y K B Balance Y K 50% B P B Balance Y K 50% B Balance P Y 50 K B Balance K Y National Geographic Championship 2002 B C Balance 42 Amarin Printing and Publishing Public Co., Ltd. Y stressed and enhanced. Eventually, 10 outstanding finalists that had been selected in the course of the camp would enter a taped final competition session, which was later televised on TV Channel 3 on October 23, 2002 at 09.00 hrs. > The winner of this year’s competition, “National Geographic Championship 2002” was Ms. Ngamjitr Saengchanreung, a brilliant student from Wat Singh Matayomsuksa School in Bangkok. Ngamjitr received the scholarship worth Baht 100,000 with the certificate, whereas her school also got a prize-money of Baht 50,000 together with the testimonial plaque. The second prize-comprising Baht 50,000 scholarship and a certificate-had gone to Ms. Netikan Ruepngam, a representative of Boonyawat Withayalai in Lampang Province. Netikan’s school also received Baht 30,000 with the testimonial plaque. > Besides Ngamjitr and Netikan, three more students were also entitled to honorable mention awards, which comprised Baht 20,000 scholarship and a certificate for each student and another Baht 15,000 together with a testimonial plaque for his or her school. > Amarin fervently hoped that the “National Geographic Championship 2002” will be a steppingstone and gateway for outstanding Thai students to take part in the international “National Geographic Olympiad” organized by the National Geographic Society in the near future. Annual Report 2002: 50% > National Geographic (Thai Edition), a epository of knowledge that has dedicated itself to the learning process in Thai society, has regularly organized educational and entertaining activities for the general public as well as students. In 2002, the Magazine, with official endorsement from the Ministry of Education, held a knowledge-based, national level Q&A competition called, “National Geographic Championship 2002”. The Project, which was aimed at promoting studying activities for young people and making Thai society a genuine “learning society”, covered every area of academic field from science, social sciences and humanities to geography, history and culture. > The competition was divided into three rounds. To begin with, all participating students had taken a nation-wide examination held simultaneously in August 2002, after which 50 highest scores makers were selected. These 50 semi-finalists then took part in a “geographic camp” held at the National Science Museum during October 11-14, 2002, in which students’ firsthand experience, problem solving and teamwork skills would be 05.‡Àµÿ°“ χ¥Ë ª’45/E34-43 42 8/4/03, 2:56 PM 50% B Balance K K Y B Balance Y K 50% B Balance Y P B Balance OB Sk1 Sk2 K Y 50% B Balance K Y B Balance K Y 50% B Balance K Y Literary Works Competition for “Nai Indra Awards” > Nai Indra Bookstore, managed by Amarin’s subsidiary, Amarin Book Center Co., Ltd., was established with primary interests and mission in promoting education, and disseminating knowledge, thoughts and cultures to community as well as cultivating reading habit and fostering writing and quest for knowledge. To support and open a window of opportunity for new generation of writers to publish their quality works, Nai Indra Bookstore has organized an annual literary works competition for “Nai Indra Awards”. > For this year’s competition, the 3rd since 2000, there were altogether over 200 entries from three different categories namely non-fiction, juvenile books and illustrated children’s books. Winner in each category not only received the prize-money worth Baht 50,000 but also had their works published and distributed with 10% royalty fee. Most importantly, all the winners had an auspicious opportunity to have an audience with Her Royal Highness Princess Maha Chakri Sirindhorn at the Dusidalai Hall, Chitralada Villa, Dusit Palace on September 3, 2002 when they were conferred with honorary awards. Besides those award-winning works, the competition’s committee also selected some outstanding finalists whose works would also be published, distributed and awarded with 10% royalty fee plus honorable mention. > The winners and recipients of honorable mention for 2002 competition were as follows: Non-fiction * Winner: Udomporn Somphong from Hooya! the Tadpole, Ai Look-kob * Honorable Mention: Chaovalit Tangchokeprasert from Diet Diary Juvenile Books * Winner: “Chan Jao” * Honorable Mention: from Prasad Kratai Chan “Koynuch” from The Little Garuda Illustrated Children’s Books * Winner: No eligible work to be awarded * Honorable Mention: Lek Manonda from Jued’s Smiles Y 8/4/03, 2:56 PM B Balance C Amarin Printing and Publishing Public Co., Ltd. 43 50% Annual Report 2002: 43 05.‡Àµÿ°“ χ¥Ë ª’45/E34-43 Y B K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P B Balance Y K 50% B Balance P Y 50 K B Balance K Y THE BOARD OF DIRECTORS’ STATEMENT OF RESPONSIBILITY FOR THE FINANCIAL STATEMENTS > The Board of Directors of Amarin Printing and Publishing Public Company Limited accepts responsibility for the accuracy and completeness of its financial statements and those of its subsidiary. Having carefully reviewed such financial statements, which have been prepared in conformity with generally accepted accounting principles, the Board of Directors hereby verifies the Company’s financial status in 2002, which has very well reflected the Company’s actual position, satisfactory operating results and strong ability to generate and pay dividend to its shareholders. 50% B Annual Report 2002: > Having firmly adhered to the policy of quality operating results, the Board Y 44 Amarin Printing and Publishing Public Co., Ltd. C Balance of Directors of Amarin Printing and Publishing Public Company Limited has been scrupulous and careful in carrying out our business undertakings rather than relentlessly raising the profit and dividend alone. Aiming to ensure our 44 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% shareholders of the Company’s steady growth and long-term prospects, the Board of Directors has not only stipulated the effective internal control measures but has also implemented the effective audit system. An Audit Committee – comprising independent directors and some other external experts – has been appointed and assigned with giving recommendations, inspecting and monitoring the workings of the Company’s every department. Teams of experienced inspectors have also been set up to render assistance and work closely with the said Audit Committee by means Y 45 Amarin Printing and Publishing Public Co., Ltd. (Mrs. Metta Utakapan) CHAIRWOMAN & CEO B Balance C 45 50% Annual Report 2002: of regular follow-up meetings. Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P B Balance Y K 50% B Balance P Y 50 K B Balance K Y 2002 OPERATING RESULTS AND FINANCIAL STATUS Operating Results in 2002 > In 2002, Amarin Printing and Publishing Public Company Limited reported its total income at Baht 1,013.60 million, an increase of Baht 138.27 million from that of 2001 or equivalent to 15.80 % rise year-on-year. As a result, the Company’s net profit in 2002 was up by 69.20 % at Baht 193.20 million leading to Baht 10.17 in net earning per share. Operating Income B C Balance 46 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% > The Company’s total income in 2002 can be analyzed based on the following revenue structure: 46 Printing Services Revenue: In 2002, the total revenue from Amarin’s printing business was reported at Baht 295.50 million, an increase of 16.41 % from that of the previous year. Such an impressive increase was very much owing to the replacement of all the existing full-color printing presses with much more modern and state-of-the-art machines with a fully computerized printing management system. The installation of these new printing presses – started in the middle of 2001 – has completed in the first quarter of 2002. To increase the overall capacity of our production, another automatic binding machine and its supporting system has also been purchased and installed. Thanks to the increased capacity and more advanced technologies, Amarin’s printing business was in a much better position to receive and handle more printing jobs. As a result, the revenue from printing services in 2002 – both from Amarin’s publishing business i.e. magazines and other publications and external customers – increased markedly compared to that of the last year. Importantly still, in the fourth quarter of 2002, Amarin has been greatly honored and privileged to receive His Majesty’s the King’s Permission to print and distribute His latest Literary Work, The Story of Tongdaeng, of which the total print-run has, until early 2003 reached 700,000 copies. Such a large-scale publication has also considerably contributed to the increase in this year’s revenue from printing services. 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% Advertising Revenue: In 2002, the total revenue from advertising sales – generated by the Company’s six flagship magazines namely Praew, Sudsapda, Baan Lae Suan, Cheewajit, Health & Cuisine and National Geographic (Thai-Edition) – was reported at Baht 327.52 million, an increase of 14.65 % compared with the figure of the previous year. The steady increase in the advertising revenue over the past four consecutive years has reflected the promising sign of economic recovery in Thailand. Despite the September 11th incident, the advertising revenue in the fourth quarter of 2001 was slightly below the target but still higher when compared to that of the same period in 2000. Thanks to the hard work and dedication of our strong and efficient advertising sales teams, who have very well managed to keep the long-term customers and constantly looked for prospective clients, our advertising revenue in 2002 have thus increased markedly. Cost and Expenses: The total sales-related cost and expenses in 2002 were reported at Baht 606.95 million, a 6.52 % rise from those of the previous year. Such an increase was proportional to the growing revenues from the Company’s three main lines of business undertakings. Sales-related Cost and Administration Expenses: The Company’s total sales-related cost and other administration expenses amounted to Baht 150.07 million or equivalent to 7.06 % increase from 2001’s figures. The relatively modest increase was due to the effective cost cutting and expense control measures. Interest Expenses: The Company’s financial obligation arising from interest expenses has been markedly low during 2001 - 2002, not least thanks to the considerable surplus cash flow and the effective risk management policy. The Company has also been very careful about its major investments choosing to rely on its savings rather than borrowing from the financial institutions and thus minimizing the possible burden of interest expenses. Revenue from Magazines and Publications Sales: In 2002, the sales of the Company’s 6 flagship magazines and other publications from our 11 affiliate imprints amounted to Baht 317.86 million or 17.03 % up from the previous year. Such an increase was in part attributed to a number of best-selling pocketbook titles that have been reprinted several times. Net Profit: The Company’s net profit in 2002 was reported at Baht 193.02 million, a sharp increase of 69.20 % when compared to Baht 114.18 million of the previous year. As a result, this year’s net earning per share was up from Baht 6.01 in 2001 to Baht 10.17. Such satisfactory operating results and remarkable financial status were undoubtedly attributed to the Company’s good and highly effective governance. B Balance C Y Amarin Printing and Publishing Public Co., Ltd. 47 50% Annual Report 2002: 47 Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P Y B Balance K 50% 50 P B Balance Y K B Balance AMARIN PRINTING AND PUBLISHING PUBLIC COMPANY LIMITED Ratio Analysis 2000 2001 2002 Liquidity Ratio Current Ratio Ratio 3.63 2.56 2.31 Quick Ratio Ratio 3.02 1.96 1.64 Liquidity Ratio (cash basis) Ratio 0.93 1.16 1.59 Receivable Turnover Count 2.94 3.42 3.66 Day 122 105 98 Count 5.53 7.16 6.55 65 50 55 6.19 9.04 8.57 Average Collection Period Inventory Turnover Inventory Turnover Period Day Account Payable Turnover Count Payment Period Day 58 40 42 Cash Cycle Day 129 116 111 Profitability Ratio Gross Profit Margin % 33.82 34.75 39.57 Operating Profit Margin % 11.61 12.84 20.15 Other Income Ratio % 3.39 5.14 6.32 Cash per Profitability Ratio % 117.34 100.20 97.35 Net Profit Margin % 11.19 13.08 19.24 Return on Equity % 11.93 14.60 22.07 Return on Total Assets % 9.73 12.35 18.71 Return on Fixed Assets % 41.03 37.19 41.93 Ratio 0.87 0.94 0.97 Debt to Equity Ratio 0.18 0.18 0.19 Interest Coverage Ratio 6,385.00 46,584.46 47,574.13 Debt Coverage Ratio Ratio 1.10 0.58 0.90 60.04 59.90 B C Balance Assets Turnover 48 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% Efficiency Ratio Financial Policy Ratio Payout Ratio % 48 K Y 50% B Balance K K Y B Balance K Y 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% K Y B Balance K Y B Balance 50% B Balance K Y B Balance 2% 3% 4% Statements of Income Fiscal Year as at 31 December 2002 and 2001 Compared (Baht 1,000) 2002 Increase (Decrease) 2001 Category Baht % Baht % Baht % Revenues Income from Advertising 327,524 32.61 285,675 32.71 41,849 14.65 Income from Printing Service 295,503 29.42 253,852 29.07 41,651 16.41 Income from Publication Sales 317,859 31.65 271,597 31.10 46,262 17.03 63,506 6.32 62,133 7.02 1,373 2.21 1,004,392 100.00 873,257 100.00 131,135 15.02 Less Cost of Sales 606,949 60.43 569,790 65.25 37,159 6.52 Gross 397,443 39.57 303,467 34.75 93,976 30.97 150,077 14.94 140,178 16.05 9,899 7.06 6 0.00 5 0.00 1 20.00 63,363 6.31 51,166 5.86 12,197 23.84 Total Operating Expenses 213,446 21.25 191,349 21.91 22,097 11.55 Profit and Loss from Associated Company 183,997 18.32 112,118 12.84 71,879 64.11 9,205 0.92 2,066 0.24 7,139 345.55 193,202 19.24 114,184 13.08 79,018 69.20 Other Income Total Revenues Profit Less Operating Expense Sales and Administrative Expense Interest Operating Expenses Income Tax Net Profit B/F Profit and Loss from Associated Company Net Profit Earning per Share (Baht) 10.17 6.01 B Balance C Y Amarin Printing and Publishing Public Co., Ltd. 49 50% Annual Report 2002: 49 Y K 50 Y 50% K B Balance K Y B Balance Y K 50% B Balance Y P B Balance K Y 50% P B Balance 50 Y K B Balance FINANCIAL STATISTICS (1998 - 2002) Balance Sheets as at 31 December (Baht 1,000) 2002 2001 2000 1999 1998 Assets Cash in Hand and Bank Deposits 22,881 30,690 12,506 23,718 38,019 0 20,000 156,519 131,457 85,635 181,824 141,792 176,919 167,763 145,939 83,779 86,022 67,045 94,242 61,378 104,972 80,233 78,966 103,012 74,446 11,779 11,300 5,647 8,189 5,713 405,235 370,037 497,602 528,381 411,130 - - 9,600 10,300 Short-Term Investment Account and Notes Receivables Account Receivable-Related Companies Inventories Other Current Assets Total Current Assets Loans to Related Companies - Receivable and Loans to Employees - 3,115 4,573 5,229 1,982 9,111 13,105 11,039 17,416 31,409 697,500 564,570 374,126 339,849 359,233 1,397 1,573 582 916 1,297 1,113,243 952,400 887,922 901,391 815,351 Investment in Other Companies Land, Property and Equipment Other Assets B C Balance 50 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% Total Assets 50 K Y 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% K Y B Balance K B Balance Y 50% B Balance K Y B Balance 2% 3% 4% Balance Sheets as at 31 December (Baht 1,000) 2002 2001 2000 1999 1998 9,987 7,526 33,585 18,723 Liabilities and Share Holders’ Equity Bank Overdrafts - Account Payable 76,835 64,851 61,242 101,547 72,886 Other Payables 23,652 7,922 5,151 2,140 990 Accrued Imcome Tax 32,696 21,576 20,397 25,006 13,994 Other Liabilities 42,368 35,174 42,650 31,481 33,754 175,551 139,510 136,966 193,759 140,347 Share Capital 190,000 190,000 190,000 190,000 190,000 Premium in Share Capital 270,000 270,000 270,000 270,000 270,000 25,000 25,000 25,000 21,781 21,781 452,692 327,890 265,956 225,851 193,223 937,692 812,890 750,956 707,632 675,004 1,113,243 952,400 887,922 901,391 815,351 Total Liabilities Share Holders’ Equity Legal Reserve Retained Earning Unappropriated Total Share Holders’ Equity Total Liabilities and Share Holders’ Equity B Balance C Y Amarin Printing and Publishing Public Co., Ltd. 51 50% Annual Report 2002: 51 Y K 50 Y 50% K B Balance K Y B Balance Y K 50% B Balance Y P Y B Balance K 50% 50 P B Balance Y K K Y B Balance Statements of Income as at 31 December 2002 (Baht 1,000) 2002 2001 2000 1999 1998 Income from Advertising 327,524 285,675 240,153 169,736 136,217 Income from Printing Service 295,503 253,852 287,194 291,842 357,153 Income from Publication Sales 317,859 271,597 198,466 169,967 173,312 63,506 62,133 51,695 22,662 31,044 1,004,392 873,257 777,508 654,207 697,726 Cost of Sales 606,949 569,790 514,530 440,151 519,222 Sales and Administrative Expense 150,077 140,178 129,123 115,485 100,304 6 5 31 99 66 63,363 51,166 43,519 30,835 20,154 820,395 761,139 687,203 586,570 639,746 183,997 112,118 90,305 67,637 57,980 9,205 2,066 (3,281) 5,207 193,202 114,184 87,024 72,844 57,980 327,890 265,956 225,851 193,223 160,752 521,092 380,140 312,875 266,067 224,622 68,400 52,250 43,700 38,000 28,500 Revenues Other Income Total Revenues Expenses Interest Expenses Income Tax Total Expenses Profit and Loss from Associated Company Net Profit B/F Profit and Loss from Associated Company Net Profit - Unappropriated Retained Earning Brought Forward B C Balance 52 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% Retained Earning before Appropriated Less Dividend Paid Legal Reserve - - 3,219 Adjusted Difference in Income Tax - - - Total Appropriated Profit Unappropriated Retained Earning Carried Forward Net Earning per Share 52 2,216 2,899 - 68,400 52,250 46,919 40,216 31,399 452,692 327,890 265,956 225,851 193,223 10.17 6.01 4.58 3.83 3.05 50% B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% Other Information and Statistics 1. Share Holding Structure Amarin Printing and Publishing Public Company Limited is specialized in printing and publishing business with major operations involving general printing service, own publication, advertising through own publications. The Company holds 40 % of the shares of Amarin Book Center Company Limited, which operates distribution business through countrywide network, agencies, and 11 branches of Nai Indra Bookshop. Share Holding Structure in Associated Companies Operated by Nature of Business Paid Capital (Baht) Amarin Book Center Co., Ltd. Distribution of printed matters 10,000,000 Share Holding 40 % B Balance C Y Amarin Printing and Publishing Public Co., Ltd. 53 50% Annual Report 2002: 53 Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P K Y B Balance 50% 50 P Y B Balance K B Balance K Y 50% 2. Share Holders and Management 2.1 Shares holders with share volume of 5 % and over as at 31 December 2002 1998 Share Holders 2000 1999 2002 2001 No. of Shares % No. of Shares % No. of Shares % No. of Shares % No. of Shares % 4,183,800 22.02 4,183,800 22.02 4,183,800 22.02 4,183,800 22.02 4,183,800 22.02 - - - - - 2,556,896 13.46 3,273,796 17.23 3,183,600 16.76 3,183,600 16.76 3,183,600 3,183,600 16.76 3,183,600 16.76 Thailand Securities Depository - - - - - 2,698,000 14.20 - Bermuda Trust (Singapore) - - - - 1,673,400 8.81 - - 1,996,900 10.51 1,452,200 7.64 - - - - 1,320,700 6.95 1,760,700 9.27 1,760,700 9.27 - 1,652,000 8.69 1,652,000 8.69 Mr. Chukiat Utakapan Thailand Securities Depository (2) Mrs. Metta Utakapan Mrs. Suphab Noi-um 1,452,200 7.64 1,452,200 7.64 Ms. Rarin Utakapan - - - - Mr. Rapee Utakapan - - - - 16.76 - - 2.2 Share Holding Structure of Company’s Management B C Balance 54 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% Management Member Share Holding Mr. Chukiat Utakapan 22.02 % Mrs. Metta Utakapan 16.76 % Mrs. Supawadee Komaradat 0.90 % Ms. Rarin Utakapan 9.27 % Mrs. Nuanchan Supanimit 0.03 % Mr. Praphan Prabhasavat 0.02 % 2.3 Compensation for Company’s Management (Salary and Bonus) Directors 21.86 Million Baht Management Members 44.03 Million Baht First 15 Management Members 34.23 Million Baht 54 - B Balance K K Y B Balance Y K 50% B Balance Y P Y B Balance OB Sk1 Sk2 K 50% B Balance Y K B Balance K Y 50% B Balance K Y B Balance 2% 3% 4% 3. Risk Factors There are 2 risk factors that may affect the company’s operations. Namely, Industry Risk and Corporate Risk. > 1. Industry Risk: The essential raw material for the printing business is paper. The price of paper fluctuates depending on the world market and the economic situation, as well as the government’s policies and measures. For instance, the government’s decision to float the Baht had adverse effect on the business especially when the price of paper has consistently gone up. Risk Management Measures Printing Business: If the price of paper fluctuates significantly, then it is necessary for the company to place purchase order for paper 3 - 6 months in advance. This is to minimize the risk associated with the unstable price. If the price fluctuation is minimal, the company will only purchase paper sufficient for current requirement. In regard to sources, the company has appointed a Source Identification Committee to identify and select reliable sources. Usually, the company will maintain a list of major distributors to ensure supplies are available when needed. In regard to competition, the company has continuously invested in the development of its printing technology in order to maintain quality and the lead in the industry. Y 55 B Balance C To minimize the payment risk factor, the company has implemented measures on credit line and credit term, with specific procedures for individual customers/debtors where necessary. Customer/debtors are also required to pay up before new service can be acquired. Collection is also being closely managed and monitored to ensure effectiveness. 50% Risk Management Measures 55 Amarin Printing and Publishing Public Co., Ltd. > 2. Corporate Risk: The major risk element is the ability of the company’s debtors to make timely payment for services provided. The company, however, has in place preventive measures to ensure debtors’ payment. Such measures include screening customers, securing financial guarantee from new customers, effective debt collection procedures, and regular calls to customer. Annual Report 2002: Publication Business: There is also a risk factor regarding competition in magazine and pocket book publication. In order to keep competitors at bay. The company has emphasized content quality and consistent improvement in designs and looks. This applies to both magazine and pocketbooks. In regard to copy rights, the company has secured a number of quality writers that create quality materials for the company’s magazines. Also, the company has retained many freelance writers who produce fine literary works regularly or periodically. In order to maintain quality writters, the company ensures appropriate compensation is provided. As a result, the company has been entrusted by many quality writers to publish and distribute their works. Y K 50 Y 50% K B Balance Y K B Balance Y K 50% B Balance Y P B Balance Y K 50% B Balance P Y 50 K B Balance K Y 3. Financial Risk: The Company manages its financial risks through appropriate financial instruments to minimize the risk of held portfolio, not for speculation. 3.1 Interest Rate Risk Due to volatility of interest market, the Company is exposed to interest rate risk as a portion of the Company’s current assets and liabilities will be used as deposit and loan to facilitate the Company’s financial function. However, when considering our better-than-market return yields and loan rates, and cautious investment with possible use of our saving fund, the Company believes that we are exposed to this kind of risk at the acceptable level. 3.2 Exchange Rate Risk Currently, equipment purchases in foreign currency are the main sources of exchange rate risk exposure. The Company manages the exchange rate risk by buying forward contracts to cover the risk. B C Balance Registrar : Thailand Securities Depository Company Limited Class 4, 6 - 7 62 Rachadaphisake Road, Khwang Khlong Toei, Khet Khlong Toei, Bangkok 10110 Telephone : 0-2359-1200 Fax : 0-2359-1259 Auditor : AMC Company Limited 77/225 - 226, 18th Floor, Ratchathewi Tower, Phaya Thai Road, Khet Ratchathewi, Bangkok 10400 Telephone : 0-2653-8091 - 3 Fax : 0-2653-8090 Legal Counselor : Khunnatham Lawyer Office 72/2 - 3 Suthisarn Winitchai Road, Sam Sen Nok, Khet Huai Khwang, Bangkok 10310 Telephone : 0-2274-7529 - 30 Fax : 0-2274-7638 Business Counselor : Pathana Wijai Company Limited 1215/6 Mooban Uaesook 15, Pattanakarn Road, Khet Phra Khanong, Bangkok Telephone : 0-2322-4188 56 Amarin Printing and Publishing Public Co., Ltd. Y Annual Report 2002: 50% 4. References Contact Financial Institutes : Bangkok Bank PCL., Bang Lam Phoo Branch Thai Farmers Bank PCL., Bang Yee Khan Branch Siam Commercial Bank PCL., Ratchadamnern Klang Branch 56 50% B Balance PRODUCTS & SERVICES OF AMARIN GROUP Magazines Books Baan Lae Suan (Monthly) Praew (bi-monthly) Sudsapda (bi-monthly) Cheewajit (bi-monthly) Health & Cuisine (Monthly) National Geographic Thai-Edition (Monthly) > room (Monthly) > > > > > > > > > > > > > > > > > 0-2884-7580 Ext. 5016 Marketing and Public Relation Praew Books Praew Entertain Books Khrua Baan Lae Suan Books Amarin Books Health Clinic Books Arun Books Praew Children Books Praew Juvenile Books Baan Lae Suan Books Sudsapda Books NG Books 0-2434-0286 Account Executive - Baan Lae Suan, room Ext. 4213 - Praew Ext. 4313 - Sudsapda Ext. 4410 - Cheewajit, H & C Ext. 4515 0-2884-7580 Ext. 5004 - NGM Ext. 4322 Maketing and Public Relation AMARIN PRINTING AND PUBLISHING PUBLIC COMPANY LIMITED Publishing Division : 7/9 -18 Arun Amarin Road, Bangkok Noi, Bangkok 10700 Tel. 0-2434-0286 (Automatic 30 Lines), Fax 0-2433-8792, 0-2434-8699 Printing Factory : 65/16 Chaiyaphruk Road, Taling Chan, Bangkok 10170 Tel. 0-2422-9000 (Automatic 30 Lines), Fax 0-2433-2742, 0-2434-1385 E-mail: info@amarin.co.th Homepage: http://www.amarin.co.th ª°À≈—ß —πª° AMARIN PRINTING AND PUBLISHING PUBLIC COMPANY LIMITED ª°Àπâ“