Reference Persons Debenture Registrar Bank of Ayudhya PublicANNUAL Company Limited REPORT 2015 Location 1222 Rama3 Road, Bangphongphang, Yan Nawa, Bangkok 10120 Telephone 0-2296-2000, 0-2683-1000 Fax. 0-2683-1304 Website www.krungsri.com Debenture Registrar (To) CIMB Thai Bank Public Company Limited Location 44 Langsuan Road, Lumpini, Pathumwan, Bangkok 10330 Telephone 0-2638-8000, 0-2626-7000 Fax. 0-2657-3333 Website www.cimbthai.com Auditor Ms. Ratana Jala, C.P.A. (Thailand) No. 3734 and/or Ms. Nonglak Pumnoi, C.P.A. (Thailand) No. 4172 and/or Ms. Rachada Yongsawadvanich, C.P.A. (Thailand) No. 4951 Location EY Offce Limited 193/136-137, 33rd Floor, Lake Rajada Offce Complex Rajadapisek Road, Klongtoey, Bangkok 10110 Telephone 0-2264-0777 Fax. 0-2264-0789-90 Our ultimate goal is delivering happiness to our customers. ONE FIRM FIRMS Outstanding, Strong and Sustainable Growth “United as one” MBK PUBLIC COMPANY LIMITED 277 ANNUAL REPORT 2015 MBK PUBLIC COMPANY LIMITED 8. NETThe organizationalPROFIT culture activity to cultivate employees’ working behavior which is consistent in the © CONTENTS Million Bahtorganization’s core values— SMOOTH as follows: 4,500 s Service Mind s 4,000 Merit and Integrity s Ownership FINANCIAL HIGHLIGHTS 3,500 4,108 001 s Openness 3,000 s Teamwork 004 MESSAGE FROM THE BOARD OF DIRECTORS 2,500 s High Commitment THE BOARD OF DIRECTORS 008 2,000 s Continuous Learning 1,500 The company encourages the organizational culture through many activities.010 EXECUTIVE For example, MANAGEMENT 1,000 s To encourage the1,815 merit and integrity— by organizing an activity that employees could vote for the 1,591 MANAGEMENT 012 500 employee who most matched these values. He/she then would receive an award as his/her honor. This promotes employees to be aware of the value,018 importance, SHAREHOLDING and benefts STRUCTURE derived OF MBK from GROUP working 0 with honesty and transparency. Year 2013 2014 2015 VISION Of MBK PUBLIC COMPANY LIMITED s To encourage ‘Continuous Learning’— through Book Briefng done by executives and employees020 within TOTAL ASSETS & TOTALthe organization LIABILITIES in order to promote everyone to020 read goodMISSION and Ofuseful MBK PUBLICbooks, COMPANYin terms of LIMITED points of view and working experience. What they learn from reading can be shared among them, taught, and Million Baht built up into thoughts and knowledge to help work effciently.NATURE OF I tBUSINESS also refects OPERATIONS a value of022 Teamwork. 45,000 s To encourage ‘Openness’— by organizing an activity to write ordinary078 RISKand onlineFACTORS postcards in order 40,000 to praise his/her colleagues for their behavior or events consistent in the organization’s core values 35,000 through SMOOTH© & LDP Postcard which promotesTELEPHONE the &good FAX workNUMBERS atmosphere OF JURISTIC in the PERSONS organization. 090 40,549 WHICH MBK HOLDS MORE THAN 10% 37,922 30,000 Apart from activities37,909 stated above, the company encourages employees to spend their free time usefully, including 25,000providing clubs for employees from different lines of work who like092 similar JURISTIC activities PERSONS to join WHICH a club MBK of HOLDStheir same MORE interestTHAN 10% 20,000together as follows: 1. Football Club to encourage employees to keep goodSHAREHOLDERS health and to STRUCTURE strengthen AND the MANAGEMENT relationship 094 among 15,000 21,970 21,032 22,609 employees of the company and the subsidiaries which will have a positive infuence 119 GOOD on theirCORPORATE operation GOVENANCE 10,000 2. Health Club to encourage employees to use their free time exercising which will not only beneft in their 5,000good health but also better performance at work PROFILES OF DIRECTORS AND EXECUTIVE 144 MANAGEMENT OF THE COMPANY 0 3. Book Club to encourage employees to spend their free time reading and learning, which will not only expand Year 2013 2014 2015 their knowledge but will also improve their brain function, concentration, and memorization154 RELATED TRANSACTION 4. Travel Totaland Assets Photo ClubTotal toLiabilities be the center of employees who like photography and travel to come together AUDIT COMMITTEE’S REPORT 156 andREVENUE exchange their STRUCTURE experience and OFknowledge that will improve their photography skill BUSINESS5. Music Club GROUP to be the center of employees who have158 musical REPORT abilities ON THE to RESPONSIBILITYcome together OFand THE share BOARD their OF knowledge and experience about music as well as engage in the activities DIRECTORSwithin the TOWARDSorganization FINANCIAL REPORTS Million Baht 6. We Love Movie Club to support employees who love flms and cinema to come together and share their 5,000 4,833 REPORT OF THE NOMINATIONS AND REMUNERATION COMMITTEE 159 knowledge about movies, which4,375 will also cultivate good friendship among employees in the organization 4,500 4,223 4,126 4,000 7. Easy3,858 Dance Club to encourage employees to usefully160 REPORT spend OFtheir THE free GOOD time, CORPORATE to build aGOVERNANCE good relationship COMMITTEE 3,500among employees from different lines of work, and to improve their physical health gained from dancing. MANAGEMENT DISCUSSION AND ANALYSIS 162 3,000 2,788 2,625 OF THE FINANCIAL STATEMENTS 2,500 2,000 175 INDEPENDENT AUDITOR’S REPORT 1,500 1,251 1,212 1,142 1,147 1,124 1,092 1,000 966 GENERAL INFORMATION AND REFERENCE PERSONS 276 662 500 278 DISCLOSURE OF INFORMATION IN ANNUAL REPORT 0 Year 2013 2014 2015 ACCORDING TO FORM 56-2 Revenue from Service and Rental Sales CORPORATE SOCIAL RESPONSIBILITY 279 Revenue from Hotel Operations Revenue from Financial Business Other Revenues 300 ANNUAL REPORT 2015 MBK PUBLIC COMPANY LIMITED FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS OF MBK PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES (Unit : Thousand Baht) 31/12/2013 Percentage 31/12/2014 Percentage 31/12/2015 Percentage STATEMENT OF FINANCIAL POSITION Total Assets 37,921,563 100.00 37,909,392 100.00 40,549,382 100.00 Total Liabilities 21,970,423 57.94 21,032,070 55.48 22,608,741 55.76 Total Shareholders’ Equity 15,951,140 42.06 16,877,322 44.52 17,940,642 44.24 For the years ended 31 December 2013 Percentage 2014 Percentage 2015 Percentage INCOME STATEMENTS Revenue from Service and Rental 4,125,503 31.42 4,223,396 41.90 4,374,712 35.82 Sales 2,787,756 21.23 2,624,773 26.04 4,832,696 39.57 Revenue from Hotel Operations 1,211,743 9.23 1,123,770 11.15 1,250,929 10.24 Revenue from Financial Business 1,147,379 8.74 1,141,863 11.33 1,091,900 8.94 Other Revenues 3,858,460 29.38 966,304 9.58 662,646 5.43 Total Revenues 13,130,841 100.00 10,080,106 100.00 12,212,883 100.00 Gross Proft 3,546,458 38.25 3,437,054 37.71 4,301,127 37.24 Net Proft attributable to equity 4,107,987 31.29 1,591,413 15.79 1,815,185 14.86 holder of the parent THE FINANCIAL RATIOS OF MBK PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES For the years ended 31 December (Unit) 2013 2014 2015 Net Proft / Total Revenues % 31.29 15.79 14.86 Return on Average Equity A % 28.67 10.88 11.61 Return on Average Assets % 11.76 4.20 4.63 Earnings Per Share B (THB) 2.89 D 1.19 C 1.36 Dividend Per Share (THB) 0.575 D 0.60 C 0.63 E Book Value Per Share A / B (THB) 9.97 D 11.29 C 12.13 Note A Shareholders’ equity represented equity attributable to the Company’s shareholders (excluding equity attributable to non-controlling interest of the subsidiaries) B Calculated from the number of ordinary shares which deducted by treasury stocks held by the Company and its subsidiaries. C On 9 April 2014, the Annual General Meeting of the Company’s shareholders for the year 2014 passed a resolution to approve the changing of the par value of the Company’s shares from Baht 10 each to Baht 1 each. Therefore, the registered ordinary shares will be changed from 188,629,100 shares to 1,886,291,000 shares and the company has a paid-up capital Baht 1,886,291,000 ordinary shares and the amount paid. On 22 April 2014, the company registered with the Ministry of Commerce. D The adjustment of the par value of the Company’s shares from Baht 10 each (188,629,100 shares) to Baht 1 each (1,886,291,000 shares) for comparable. E Propose to the shareholders for approval in respect of the allocation of proft from retained earnings for dividend payments for the second-half-year operations of 2015 at the rate of Baht 0.33 per share. The total 2015 dividend will be Baht 0.63 per share, including the interim dividend for the frst-half-year operations of 2015 at the rate of Baht 0.30 per share. Dividend will be paid to the shareholders listed in the list of the shareholders with th rights to receive dividends as of March 17, 2016 and the book closing date for collecting th shareholders’ name list according to Securitis and Exchange Act section 225 will be on March 18, 2016 and the dividend will be paid on May 9, 2016. However, the entitlement to receive the dividend is uncertain because it has yet to be approved by the shareholders. 001 ANNUAL REPORT 2015 MBK PUBLIC COMPANY LIMITED ONE Firm Firms... United as one for the happiness of all ages. Brand Awareness MBK GROUP – the brand of happiness that delivers services for every customer’s needs and lifestyles.