Governor of Mass Rapid Transit Authority of Thailand Mr

Meaning of MRTA 20th Anniversary Logo th This logo represents the 20 anniversary of MRTA. Number 2 provides a sense of security of the organization for the past 20 years. Surrounding the number zero are petals or MRTA’s future mass rapid transit lines-in different colours, looking like a blossoming flower, it symbolizes the future creation of new lines. The green leaf represents energy saving mode of transportation and the organization's commitment to global warming solution.

MRTA 20th Anniversary Activities

Walking an Jogging for Celebration in Honor of HM the King for the Royal Cup from HRH Princess Maha Chakri Sirindhorn On 18 August 2012, Miss Rachanee Tripipatkul, Chairperson of the MRTA Board of Directors presided over the activity “20th Anniversary Walking and Jogging” for Celebration in Honor of HM the King for the Royal Cup from HRH Princess Maha Chakri Sirindhorn to celebrate 20th anniversary of MRTA. Held at MRTA Office, The activity was participated by Mr. Yongsit Rojsrikul, MRTA Governor, MRTA executives and employees, BMCL executives, advisors, and contractors of mass rapid project. The revenue raised from the event was donated to the Fund for Development of Children and Youth in Remote Area initiated by HRH Princess Maha Chakri Sirindhorn.

Academic Seminar on “Mass Rapid Transit System and Development of the Nation” On 20 August 2012, MRTA held an academic seminar on “Mass Rapid Transit System and Development of the Nation” for the 20th Anniversary of MRTA. Mr. Yongsit Rojsrikul, MRTA Governor presided over this seminar and presented vision on “MRTA Going Forward to the 21st Year: Commitment to Creating Mass Rapid Transit System for the People.” The seminar also involved guest speakers from educational institutions, and organizations, who are experts in mass rapid transit system. “Suan Lak Song” Opening Ceremony” On 21 August 2012, Miss Rachanee Tripipatkul, Chairperson of the MRTA Board of Directors opened the “Suan Lak Song” park in front of the MRTA office building. The activity involved transferring 60 trees including Sak Thong, Phaya Sattaban, Chanuan Thong, and Charoensuk from Lak Song, the woud - be depot site of the Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections under MRTA Green Construction Project.

Commencement of boring machine operation for the Blue Line Project: Hua Lamphong – Bang Kae and Bang Sue – Tha Pra Sections On 24 August 2012, Prime Minister Yingluck Shinawatra presided over the commencement of boring machine operation for the Blue Line Project: Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections. She was welcomed by Mr. Charuphong Ruangsuwan, Minister of Transport, Pol. Lt. Gen. Chaj Kuldilok and Mr. Chadchart Sittipunt, Deputy Minister of Transport, Mr. Sinlapachai Charukasemrattana, Permanent Secretary of Ministry of Transport, executives of Ministry of Transport, Miss Rachanee Tripipatkul, Chairperson of the MRTA Board of Directors and Mr. Yongsit Rojsrikul, the MRTA Governor at the site near Hua Lamphong Station. A launched an open house of the current mass rapid transit projects construction, namely transit projects construction, current mass rapid an open house of the A launched MRTA Project Open House MRTA Project From 9 August to 12 September 2012, MRT to 12 September From 9 August

Sue - Tha Pra - Bang Kae and Bang : Hua Lamphong and the Blue Line Project - Bang Sue Section, Line Project : Bang Yai the Purple the general public along institutions, government officials, and students and teachers from educational Sections so that interested project line could come the mass rapid transit the construction work. to observe

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 6 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 7 Minister of TransportMinister of of opening ceremony presided over the “Wonder Wonder of Mass Rapid Transit System for Bangkokians” Exhibition System for of Mass Rapid Transit Wonder On 30 August 2012, Mr. Charuphong Ruangsuwan, Ruangsuwan, 2012, Mr. Charuphong On 30 August “ was BMCL. The Minister and MRTA jointly held by at Rama 9 Station, Bangkokians” Exhibition Transit System for of Mass Rapid Governor, and of Directors, Mr. Yongsit Rojsrikul, MRTA Board MRTA Tripipatkul, Chairperson of the welcomed by Miss Rachanee of mass look around to gain inforimation on potential was held for general public to have a executives. The exhibition MRTA to the present, and into from the beginning and development growth MRTA future development direction, rapid transit system, mass rapid transit innovations. the future, as well as (Ms. Rachanee Tripipatkul) Chairperson of the MRTA Board of Directors Board Chairperson of the MRTA

;; Section ; Min Buri The Yellow Line Project : Lad Prao - Samrong Section ; The Yellow Line Project : Lad Prao - Samrong The Yellow Line Project : Lad Prao - Samrong Section ; The Yellow Line Project : Lad Prao - Samrong The Orange Line Project : Taling Chan - Min Buri SectionThe Orange Line Project : Taling Chan - Min ; The Orange Line Project : Taling Chan - Min Buri SectionThe Orange Line Project : Taling Chan - Min ;

According to the MRTA’s operating results for the According to the MRTA’s These projects are in line with the government’s policy These projects are in line with the government’s -: Hua Lamphong - Bang Kae The Blue Line Project - : Mo Chit - Sapan Mai - Khu The Green Line Project -Khae Rai - The Pink Line Project : - The Purple Line Project : Bang Yai - Bang Sue An effective mass rapid transit system with an extended An effective mass rapid - The Purple Line Project : Bang- Yai: Hua Lamphong - Bang Kae The Blue Line Project - Bang Sue - : Mo Chit - Sapan Mai - Khu The Green Line Project - - policy These projects are in line with the government’s operating results for the According to the MRTA’s Board of Directors, I wish As Chairperson of the MRTA An effective mass rapid transit system with an extended An effective mass rapid

Sue Section as the pilot case. This will lead to a mass rapid Sue Section as the pilot case. This will lead and adjacent transit network which runs throughout Bangkok to conduct a feasibility study to collect fares at the rate of to conduct a feasibility study to collect Bang Yai - Bang Baht 20 upon completion of the Purple Line: for MRTA to promptly execute contracts for the construction to promptly execute contracts for the construction for MRTA of this government, of all the assigned lines within the term has been tasked the policy of Baht 20 flat fee. MRTA including - entrusted with the implementation of six mass rapid transit implementation of six mass rapid transit entrusted with the national economic and social development. Consequently, and social development. Consequently,and social development. Consequently, national economic national economic has been has been Authority of Thailand (MRTA) Authority of Thailand (MRTA) Mass Rapid Transit Mass Rapid Transit implementation of six mass rapid transit entrusted with the projects, namely : ; Section and Tao Poon - Rat Burana Section and Bang Sue - Tha Pra Sections ; Section Khot Section and Bearing - Samut Prakarn network is crucial in driving forward network is crucial in driving forward and comprehensiveand comprehensive Message from the Chairperson from Message for MRTA to promptly execute contracts for the construction to promptly execute contracts for the construction for MRTA of this government, of all the assigned lines within the term has been tasked the policy of Baht 20 flat fee. MRTA including fares at the rate of to conduct a feasibility study to collect Bang Yai - Bang Baht 20 upon completion of the Purple Line: to a mass rapid Sue Section as the pilot case. This will lead and adjacent transit network which runs throughout Bangkok provinces. fiscal year 2012, projects progressed as planned, with 50.14% completion rate for the Purple Line, whose construction began in 2009. Construction for the Blue Line Extension which started in April 2011 achieved 23.61% completion. As for the Green Line: Bearing - Samut Prakarn Section, which started in March 2012, the completion rate is 1.73%. Other projects on the whole have been progressing as planned. to thank all the executives and employees as well as relevant agencies who have consistently supported the operation of executives and employees are I believe that all MRTA MRTA. committed to the goal of completing the line extensions and new mass rapid projects. Our goal is to provide the public with safe and convenient service as well as alleviate traffic congestion within and around Bangkok, thereby generating the greatest benefits for the people and enabling our country to develop in a sustainable manner.

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 10 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 11 Thailand (Mr. Yongsit Rojsrikul) Governor of Mass Rapid Transit Authority of anniversary of th

Nevertheless, MRTA still has key mission to expedite Nevertheless, still has key mission the MRTA 2012 was important year as it was the 20 In the fiscal year 2012, MRTA was able to make significant was MRTA In the fiscal year 2012, With a vision to be the With a vision to be “core organization in providing Finally, I wish to thank the MRTA Board of Directors, all sub- Finally, I wish to thank the MRTA committees, executives, staff and employees, as well as relevant agencies, who have always granted collaboration and support to and its operation. MRTA

mass rapid transit service to raiseeffective and comprehensive people,” all through 2012, it was the Massthe quality of life of the mission to expedite of Thailand (MRTA)’s Rapid Transit Authority concrete progress of mass rapid transitthe implementation and projects as chartered by the government. Message from the Governor from Message construction of several more lines of mass transit, i,e., Pink Line:construction of several more lines of Khae Rai - Min Buri Line: Mo Chit - Sa Pan Mai Section, Green Chan - Min Buri- Khu Khot Section, and Orange Line: Taling - Rat Burana SectionSection as well as Purple Line: Tao Poon and Yellow Line: Lad Prao - Samrong Section. progress of mass transit projects, including the construction of progress of mass transit projects, including which has progressed Purple Line: Bang Yai - Bang Sue Section, - Bang Kae Sectionby over 50%, Blue Line: Hua Lamphong and Green Line:and Bang Sue - Tha Phra Section at 23%, Bearing - the construction Samut Prakarn Section, of which designs and started has also prepared in early 2012. MRTA Rai - Min Buri Section,project feasibility study for Pink Line: Khae and Green Line:Orange Line: Taling Chan - Min Buri Section, Mo Chit - Sa Pan Mai - Khu Khot Section. MRTA. The Excellent State Enterprise Award of the year 2012 MRTA. for excellent organization development in human resources has is a guarantee that MRTA development granted to MRTA strictly and consistently adhered to the high working standard and good governance and indicates the commitment of our executives and all employees who perform their duties to their best capacity, with the public interest as the priority.

“To be a leading organization in providing the efficient and comprehensive mass rapid transit service in order to improve the “To be a leading organization in providing the efficient and comprehensive mass MRTA has set its operational vision during the fiscal years 2012-2016, as follows: has set its operational vision during the fiscal years MRTA Consistent with our vision, MRTA has set its mission during the fiscal years 2012 - 2016 as follows : has set its mission during the fiscal years 2012 - 2016 as follows Consistent with our vision, MRTA 1) To provide a mass transit network in accordance with the plan. 2) To provide a convenient, safe, quick, and punctual mass rapid transit system. 3) To provide effective intermodal transfer facilities. 4) To develop suitable fare structure for different target groups. lifestyle of different target groups. 5) To conduct additional commercially related businesses in consistence with the the nation. 6) To be a knowledge organization and mass transit technology transfer center of 7) To be an organization which is generally known and accepted in society. receive from MRTA; 8) To promote stakeholders’ understanding and awareness of the benefits they will life. 9) To contribute in setting the direction for development of the city and quality of

quality of life of the people.” Mission

Vision Vision, Mission, Corporate Goals and Main Objectives Goals and Corporate Mission, Vision,

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 12 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 13

Bang Yai - Bang Sue section; systematically by 2013;

From our vision, mission and objectives, MRTA has hereby set forth has hereby MRTA operating goals to be achieved by the end of the fiscal From our vision, mission and objectives, Sue section can be opened for service as planned* 1) The Purple Line Project, Bang Yai - Bang to 350,000 per line per day; 2) The number of passengers is to increase 3) To be able to implement common ticket system for M.R.T. Chaloem Ratchamongkhon Line and for the Purple Line, services; 4) To acheive 95% of passenger satisfaction with mass rapid service and other to 128 million Baht/year; 5) To increase income from asset management and related service and businesses rate to reduce risk and increase income 6) To be able to manage and monitor management of liabilities, cash, and exchange transfer center as planned; 7) To be able to develop the organization into a mass rapid transit technology confidence in its operation. and have 8) 80% of the people in Bangkok and its vicinities are aware of the existence of MRTA 9) 90% of the people living along the route have better quality of life ; for executives by 2014 ; 10) Complete information system for decision making so that it is readily available staff members are satisfied with internal process management ; 11) 90% of MRTA 12) Performance standard. of 90% of staff members achieve organization competency In order to have a clear operational direction for the achievement of the vision set forth, MRTA has determined the objectives of of the vision set forth, has determined operational direction for the achievement In order to have a clear MRTA in Bangkok and its vicinity areas. 1) To operate MRT service increases in the number of passengers; 2) To achieve target aspects of service; 3) To satisfy the passengers’ need in various the lifestyle and travelling habits of passengers; 4) To provide various services consistent with subsidy from the public sector; 5) To generate more income and reduce managing and transferring knowledge on mass rapid transit. 6) To be the nation’s main organization in among all sectors; 7) To be a reputable and accepted organization 8) To have an efficient internal management; personnel in their area of responsibility; 9) To engage knowledgeable and skillful 10) To play an important in improving the people’s quality of life. role Remark * goal of MRTA acknowledged by MRTA Committee on 13 January 2012. Open for service by October 2015, which is an operational

year 2016, as follows Main Objectives operation for fiscal years 2012-2016, by taking into account different aspects of needs namely, the needs in terms of stakeholders, aspects of needs namely, the needs 2012-2016, by taking into account different operation for fiscal years : learning and growth. These objectives are finance, process, and

Corporate Goals Vision, Mission, Corporate Goals and Main Objectives Goals and Corporate Mission, Vision,

Land Acquisition Land Acquisition Division 2 Land Acquisition Division 3 Land Acquisition Planning Division Land Acquisition Division 1 Department

Special Affairs Division

Construction Management Division 3 Construction Management Division 1 Construction Management Division 2 Department Construction Management

Deputy Governor Audit Offfiice

(Engineering and Construction) Public Relations Division M&E System Supervisory Division M&E System Engineering Division Electrical and Mechanical Engineering Division Mechanical Department Engineering Electrical and

Civil Engineering Division Architecture Division Department and Architecture Civil Engineering

Administrative Affairs Division

Information Technology Center

Accounting Division Finance Division Budgeting and Loan Division

Accounting Department and Finance

Deputy Governor (Strategy and Planning) Technical Division Environment Division Technical Department

Strategy Risk Management and Internal Control Division Evaluation and Performance Management Division Strategy and Planning Division

Department ORGANIZATION CHART OF MRTA CHART ORGANIZATION

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 14 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 15

Juristic Act Division Litigation and Disciplinary Division Contract Division Department Legal Affairs

Account and Finance Audit Division

General

Supply Division Offififfiice Building and Vehicles Division Human Resource and Work System Development Division Human Resource Division

Administration Department (Administration)

Deputy Governor

Audit Offfiice

General Audit Division

Concession Management Division Business and Property Management Division Business Planning and Development Division Business and Property

Management Department

Assistant Governor

Security and Security, Fire and Rescue Training Institute Rescue Division Security Division Rescue Department

and Environment Offfiifice Safety Occupational Health (Operations)

Deputy Governor

Governor Maintenance Division System Operations Division

Operations Department

and motivation for employees. our operation, and supporting MRTA. effectiveness in operating the To develop personnel, internal management, and information system to increase prevention and mitigation of impact which may occur from the operation of the organization; prevention and mitigation of impact which may occur from the operation of the support burden from the government; target group; operation; organization, and encourage concrete knowledge and technology transfer from contractors and consultants; organization, and encourage concrete knowledge and technology transfer from 9) To develop and improve incentive system both in terms of money and non-money incentive in order to establish fairness 9) To develop and improve incentive system both in terms of money and non-money 7) To communicate progressively in different methods so that the public is aware and understands the importance 7) To communicate progressively in different methods so that the public is aware of MRTA, 5) To manage assets, operate the business with continuity, and provide supporting services to increase income and reduce management, and risk management; 6) To implement effective financial management, in terms of cash management, liabilities 4) To operate the organization with good governance, social and environmental responsibility, and put emphasis one 4) To operate the organization with good governance, social and environmental 3) To allow the public contribution in the operation and use the public’s feedback for development and improvement of 3) To allow the public contribution in the operation and use the public’s feedback 2) To provide mass rapid transit service that is convenient, fast, safe and punctual, keeping in mind the satisfaction of each 2) To provide mass rapid transit service that is convenient, fast, safe and punctual, 1) To promptly carry on and complete the projects of mass rapid transit lines as assigned and open for service as planned; 1) To promptly carry on and complete the projects of mass rapid transit lines as

MRTA Board of Directors determines the policy and governs the operation of MRTA. Therefore, in order for MRTA operation topolicy and governs the operation of MRTA. Therefore, in order for MRTA operation MRTA Board of Directors determines the Policy of MRTA Board of Directors Board of MRTA Policy

be in accordance with the objectives and consistent with the government’s policy, MRTA Board of Directors has set out a policy consistent with the government’s policy, MRTA Board of Directors has set out a be in accordance with the objectives and governance, as follows: to be used as guideline for operation and

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 16 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 17 1” Class Certificate, Banking “Finance & Association - Finance and Banking of

Institute Senior Manager Finance Planning Asia Pacific (positioned in Hong Kong, Malaysia, and Singapore) Senior Manager Finance Planning Asia Pacific (positioned in Hong Kong, Malaysia, and Head of Finance Senior Manager, Customer and Credit Services Chief Financial Officer - Internal Controller / Financial Controller - - -

Date of Birth 20 June 1953 Occupational Background Other Position Current Position Education - Senior Executive Vice President & Chief Finance Officer - Chief Operating Officer : Finance & Planning, Information Technology and Properties Management - Director & Senior Advisory • Managing Director, P.O.C. Concrete Co., Ltd. • Senior Advisor, Nova Steel Co., Ltd. • Senior auditor, Simmons Cohen Fine & Ptns. Chartered Accountants (London) • Area/Regional Inspector, Bangkok Bank Public Limited • Standard Charter (Thai) Public Limited • Director of Nakarin Pathumthani Estate Co., Ltd. • Chairperson of the Mass Rapid Transit Authority of Thailand (MRTA) Board of Directors • Diploma in Business Studies, West Kent College of Future Education, Kent, England; • Accountancy Foundation, Ealing Polytechnic School of Management,London (now known as University of West London, UK) • Thai Miss Rachanee Tripipatkul Age 59 years Chairperson • A Fellow Member, Institute of Chartered Accountants in England & Wales • The Institute of Directors’s Director Certification Program, Class 14 • Bachelor of Law, Ramkhamhaeng University; • The National Defence College of Thailand - “Certificate for Public and Private Sectors Programme, Class 15” • The National Defence College of Thailand - “Certificate for National Security Management-High Level, Class 1” MRTA Board MRTA

of Ltd. Limited Co., Limited Graduate Computer Institute Corporation Tech Thai 153) Shin Company University Company Boneo 106), Shinawatra (AMP Public Public Harvard 4515) (DCP

Development, Department, (NDC Program (CMA Class 9) Operation, Thaicom Program International Business College Administration Officer, President, Academy University Engineering (Electronics and Communications), Management Communications Vice Director, Shinawatra Business of Defence Certification Market of of Executive Anglo-Thai Engineering Co., Ltd. Service Public Company Limited and Communications Group Company Limited Asia Co., Ltd. Public Company Limited Public Company Limited - Directors Mr. Arak Chonlatanon (in offfiice from 13 December 13 from offfiice (in Chonlatanon Arak Mr. Education Other Position Occupational Background • Engineer, Electricity Generating Authority of Thailand • Engineer, Manager of Communications Division, • Director • Managing Director, Datacraft (Thailand) Co., Ltd. • General Manager- Telecommunications, Advance Info • Executive • Senior Director, President, Advance Info Service Public • President, • Chairman, Digital Phone Co., Ltd. • Executive Chairman, Capital OK Co., Ltd. and Thai Air • Executive • Chief • Chairman, Media and New Business, Shin Corporation • Bachelor 2011 to 14 January 2012) 62 years Age Date of Birth 16 May 1950 Chulalongkorn • Advance School • National • Director • Capital

Wireless Network Co., Ltd.

CAT Mobile Co., Ltd. Contact Center Co., Ltd. CAT CAT

Commission (OCSC) banking), Secondary Mortgage Corporation Corporation (Nov 2003 - Sep 2004) for the liquidation and institutions winding-up of 56 financial Limited

Occupational Background Current Position Other Position Education • Chairman of the Board, Bangkok Christian Hospital • Advisor • Bachelor of Business Administration, Chiang Mai University • MBA, North Texas State University • Senior executive, class 41, Office of the Civil Service

Mr. Pongstorn Kunanusorn 61 years Age Date of Birth 12 September 1951 MRTA Board MRTA • Chairman of the Board of • Director of • Director of • Director of Dhanarak Asset Development Co., Ltd. • Deputy Senior Director, Islamic Bank of Thailand • Deputy Senior Director (marketing and investment • Acting Managing Director, Secondary Mortgage • Inspector, Financial Sector Restructuring (FSR), responsible • Managing Director, Srimitr Securities Public Company

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 18 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 19

Legal Thailand of agencies of Education Legal Institute private of Ministry of Education 1, and Lawyers Council Class Institute 1, Law, Class governments Law, several 24 September 1949 Administrative in Labor in in of High School Special Teachers, Officer 62 years Education of the Thai Bar of Thailand Ministry of Justice Assembly B.E. 2550 Suvannabhumi Airport of the Thai Bar - Consumers Certificate in Technical Education, Phranakorn Teachers’ College Office of the Consumer Protection Board, Prime Minister’s Office Member, Committee on Dispute Mediation, Lawyers Council of Thailand Member, Committee on the Environment, Lawyers Council of Thailand Member, Sub - Committee for Consumer Complaint Mediation Mr. Chairat Joomwong (in office from 15

• Certificate • Member, Consumer Protection Board, Education Current Position Other Position Occupational Background

• Legal • General Manager of a private company • Member of Registration Sub - Committee, Lawyers Council • Member of Committee to Consider Draft • Member of Academic Sub - Committee, Constituent Legislation, • Tripartite Committee to resolve the impact of noise from • • Bachelor of Law, Ramkhamhaeng University • Certificate • Certificate • Committee Member and Legal Consultant, Foundation of • • • December 2009 to 31 July 2012) Age Date of Birth

Bar Thai University Committee the of Attorney of Education Ramkhamhaeng Legal laws, of in Department Institute Degree General, Law, at Doctoral Director - 62 years Barrister - National Defence College Executives (Class 13) King Projadhipok’s Institute • Deputy • Thai • Honorary Occupational Banckground Current Position Other Position Education • Director - General, Department of Special Case • Director - General, Department of Attorney Committee • Inspector - General • Chief Inspector - General • Deputy Attorney - General • Lecturer, Ramkhamhaeng University • Assistant State Attorney • Attorney, Loei Province • Special Prosecutor, Department of Policy and Planning • Deputy Director - General, Department of Technical

• Deputy Attorney General • Senior Executive Training Program 1 (Class 24) • Executive National Defence Training Program (Class 17), • Politics and Governance in Democratic Systems for • Master of laws, Thammasat University • Bachelor of laws (2nd Class Merit) Thammasat University Mr. Athapol Yaisawang Age Date of Birth 22 December 1950

School (SFAC) Justice Director Center Public Business Zealand National 6, USA Finance 15, New of Class Advisory Harvard Class University,

Ministry Auckland, Program, Financial 2005 Class 1 Program, of Program, Secretary, Northwestern College SMEs & P Academy, University Certification Management Directors Certification Defence of Market Permanent (Econ), Member , Director (Economics), Academy Institute (PDI) Vayupak Fund Board Member, Financial Institution Development Fund (FIDF)

Occupational Background Education Current Position Other Position • Director General, Excise Department • Director General, Comptroller General’s Department • Director General, Public Debt Management Office • Deputy Director, Fiscal Policy Office • Director, International Economic Policy Division • Chairman, Secondary Mortgage Corporation • B.Com. • M.A. • National • Capital • Director • Institute • Advanced • Deputy • Chairman, SME Bank Thailand • Member and Secretary of the Student Loans Fund Board • Board Member, Government Pension Fund • Director, TOT Public Company Limited • Director, Bank Thai Public Limited • Member, Investment Committee and Steering Committee, • Board Member, Provincial Waterworks Authority • Board Member, Industrial Estate Authority of Thailand • Board • Mr. Pongpanu Svetarundra Age 53 years 24 March 1959 Date of Birth • Public Secretary University,

Open Permanent the of

Thammathirat Office Division, Sukhothai Law, of Personnel 59 years

of the Prime Minister’s Office Minister’s Office of China and Australia the Prime Minister’s Office as member of the Thai Health Board

Occupational Background Other Position Current Position Education • Assistant Inspector - General, Prime Minister’s Office • Director, Office of the Permanent Secretary of the Prime • Inspector - General, Prime Minister’s Office • Director, • Representative of the Office of the Permanent Secretary of • Inspector-General, Prime Minister’s Office • Bachelor of Public Administration (Honors), Thammasat University • Bachelor • Diploma, National Defence College • Middle Management Course • Senior Management Course • Inspector - General Course • Study trip on rural development in the People’s Republic • Study trip on inspection in England, France, Germany, • Study trip on public participation in California, USA Mr. Rapeepan Sariwat Age 25 October 1953 Date of Birth MRTA Board MRTA

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 20 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 21

of Bar and Thai University Institute the of 51) Administration National (Class Education Ramkhamhaeng Public in Legal College of Honors), Administration, Course Class Institute Defence (2nd Law, at Certificate Law Development National of of Barrister Development Institute Law for Executives (Class 7), King Prajadhipok’s Office Land Transport Current Position Education Other Position Occupational Background • Advanced • Diploma, • Master • Bachelor • Inspector - General, Ministry of Transport - • Director, Vehicle Registration and Tax Standard Bureau • Samutprakarn Provincial Land Transport Office • Director, Car Registration • Director of Ubon Ratchathani Provincial Land Transport • Deputy Director General (Administration), Department of • Inspector - General, Ministry of Transport ifice in Mr. Pongchai Kasemthvisak (take off 30 July 2012) Age 57 years 22 August 1955 Date of Birth • Thai

University Department) 28 Kasetsart (Marine e from 23 July Class 1), (SET Department Engineering), Program (Civil Harbour Training General, Engineering National Defence College, Class 46 of Director Executive 61 years Transport Transport Civil Engineer 5, Civil and Mineral Resource Section, Department be a of Mineral Resources and resigned to site engineer in Saudi Arabia Engineer 5, Technical Division,(Marine Department) Harbour Department Centre (Chanthaburi Base) Centre (Songkhla Base) Maintenance Division Mr. Tawalyarat Onsira (in off iic Mr. Tawalyarat Onsira (in off • Deputy Occupational Background Education • Director - General, Marine Department • Inspector - General, Ministry of Transport istry of Transport • Deputy Permanent Secretary, Min • Junior Technical Officer, Ministry of Transport • Transport Technical Officer 3, Planning Division, Ministry of • Transport Technical Officer 4, Planning Division, Ministry of • Policy and Planning Analyst 5, Ministry of Transport • Transferred to the Department of Mineral Resources as a • Redeployed to work for the government sector as a Civil • Chief of Coastal Channel Dredging and Maintenance • Chief of Coastal Channel Dredging and Maintenance • Director of River Channel Dredging and Maintenance • Division Director of Coastal Channel Dredging and 2010 to 1 June 2012) Age Date of Birth 4 December 1951 • Bachelor

• Senior • Diploma,

management of the Bureau of the Budget of the Bureau of the Budget of the Bureau of the Budget Occupational Background • Budget analyst of the Bureau of the Budget • Expert in budgeting strategy for integrated provincial • Director of the Economic Sector Budget Preparation Office 2 • Director of the National Security Budget Preparation Office 1 • Advisor for the Bureau of the Budget • Deputy Director of the Bureau of the Budget • Director of the Bureau of the Budget

Ph.D., Management, Fiscal in Program Administration

Philippines the Civil Service Commission Directors Other Position Current Position

Education MRTA Board MRTA • Director of the Bureau of the Budget • Faculty of Business Administration, Kasetsart University • BBA in management, The University of Manila, Philippines, • MPA in Public Administration The University of Manila, • Senior Executive Development Program, Class 4, Office of • Director Certification Program (DCP), Thai Institute of • Public Udon Thani Rajabhat University • Masters Degree in Politics (India) • Ph.D. in Justice Administration and Rajabhat University Society, Suan Dusit • Committee Member, Sports Authority of Thailand Mr. Voravidh Champeeratana 59 years Age Date of Birth 28 May 1953

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 22 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 23

Board Fifth

Selection Committee for CEO of the Airports Selection Committee for CEO of the THAI- Fact-Finding Committee on CATC Personnel Expropriation Compensation Board, Department the Ministry of Transport Transport Suvarnabhumi Airport Hotel Co., Ltd. of Thailand Public Company Limited Amadeus Southeast Asia Co., Ltd. Violations and Non-Compliance of Codes Thailand, Ministry of Commerce Meteorological Department Technical Trials of Suvarnabhumi AirportSystems Operating Aeronautical Radio of Thailand Co., Ltd. Occupational Background • Communications Technical Officer, Post and Telegraph • Chief, Office of the Secretary to the Minister of Transport • Inspector General, Ministry of Transport • Chief of inspector-General, Ministry of Transport • Spokesperson of the Ministry of Transport • Chairperson, • Deputy Chairperson, Committee on Public Relations for • Member of the Civil Service Subcommittee, Ministry of • Chairperson, • Chairperson, • Chairperson, • Panel Member for Approval of Alien Business Operations in • Board Member on the Radio Broadcasting Station, • Working Group Member on Readiness for Conducting • Chairperson, Selection Committee for CEO of the • Chairperson, Selection Committee for CEO of the

in of (IOD) (AOT) Senior University Thailand 45) University Office of and 28, Directors Limited (NDC Administration, Governance

of 45 Class Thammasat and (TAT) Thammasat Authority Directors 6, Justice Institute Class Company for on Thai Politics Class Program, in University Public Law, Expressway Program, (DAP), Program Course Executives Public Communications), Board, Thailand, in College Program Development of Thammasat University the (Mass Senior of Arts, Governance Certificate Arts Diploma for of Defence Airports Certificate of Executive Thammasat Expressway and Rapid Transit Authority) Democratic Systems for Executives, Class 10 (APM. 10) Executives of State Enterprises and Public Organizations, Class 1, Public Director Institute the Civil Service Commission(OCSC. 28) Class 9 (EJA9) Other Position Education • Director, Civil Aviation Training Center (CATC) • Director, Tourism Authority of Thailand • Director, Expressway Authority of Thailand (EXAT) (formerly • Chairperson (EXAT) (formerly Expressway and Rapid Transit Authority) • Executive Director, Bangkok Mass Transit Authority (BMTA) • Director, • Corporate • Bachelor • LLB, • Master • Director Offif ice from 26 June Mrs. Soithip Trisuddhi (infififififi 2008 to 18 July 2012) Age 57 years 17 January 1955 Date of Birth • Graduate • Senior • National • Program • Advanced

Economic Projection Projection economics, and and National oard Canada the Analysis Analysis

of international in USA Ottawa, Office Economic Economic York, , Public Planning Division, Office of Affairs 5, 6, New General, University, Analyst 4 Analyst Analyst Plan Plan Plan International University, Carleton Member, Neighboring Countries Economic of Secretary - and and and 52 years helor of Economics in quantitative economics, and Social Development Board Development Cooperation Agency Division Division Analysis and Projection Division Economic and Social Development Board Economic and Social Development B the National Economic and Social Development Board (NESDB) Education Current Position Other Position Occupational Background

• Bac Chulalongkorn University • Master • Deputy • Board • Board Member, Thailand Productivity Institute • Policy • Policy • Policy • Head of Planning Technique Working Group, Economic • Director, Public Planning Division • Director, Macroeconomic Office • Advisor in Policy and Planning, Office of the National • Deputy Secretary - General, Office of the National Mr. Poramatee Vimolsiri Age 8 May 1960 Date of Birth Columbia • Ph.D. in Economics, Monetary Economics Finance, and Public

Commission Promotion Maritime the of Office Officer,

Planning (OTP) Southampton Promotion Commission Office of the Transport and Traffic Policy and Planning Office of the Transport and Traffic Policy and Planning Secretary of the Ministry of Transport Policy and Planning (OTP) Planning (OTP) - Mr. Chula Sukmanop (took off ice on 19 July Occupational Background Other Position Current Position

Education MRTA Board MRTA

• Legal • Director of the Office of Transport and Traffic Policy and • Bachelor of Laws, Chulalongkorn University • LL.M. (Maritime Law), University of Southampton • Ph.D. (Maritime Law or Admiralty), University of 2012) 47 years Age 10 January 1965 Date of Birth

• Secretary of the Department, Office of the Maritime • Director of the Transport System Development Division, • Director of the Transport and Traffic Technology Center, • Expert in policy and planning, Office of the Permanent • Deputy Director of the Office of Transport and Traffic • Inspector - General of the Ministry of Transport • Director of the Office of Transport and Traffic Policy and

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 24 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 25

and USA. Division Policy Department Coordination Management, Cincinnati, of and Control Management Environmental of Training Management Pollution Noise

University the and of Office Quality Pollution the Air of the Quality Engineering in General of Air the Degree Pollution of Director - Director Air Division Division and Planning Asian Institute of Technology, Thailand Planning - Education ifice Position during Off Other Position Occupational Background

• Acting Director of the Air Quality and Noise Management • Director • Acting • Honorary • Director - General of the Pollution Control Department • Secretary - General of the Office of Environmental Policy • Bachelor of Science in Public Health (Occupational Health), Mahidol University • Master of Environmental Technology and Management, • Ph.D. Air Pollution Training Institute, US.EPA • Secretary-General • Deputy 19 from ice offifif (in Wangwongwattana Supat Mr. October 2011 to 1 April 2012)

11 November 1951 61 years Occupational Background Other Position Position as of 30 September 2012 Education

• Deputy Secretary - General to the Prime Minister • Governor of Lampoon Province • Governor of Chiang Rai Province • Governor of Uthai Thani Province • Board Member, Provincial Waterworks Authority • Director - General, Department of Public Works and Town & Country Planning, Ministry of Interior • B.A. (Political Science), Chiang Mai University • M.A. (Political Science), Chiang Mai University Mr. Udom Puasakul Age Date of Birth

Department Resources Mineral the of General Director - Environmental Policy and Planning Environment Environmental Management Occupational Background • Deputy Secretary - General of the Natural Resources and • Inspector - General of Ministry of Natural Resources and • Director of Coordination Section 1 Natural Resources and • Director of the Office of the Environment Fund • Director of the Environmental Impact Evaluation Bureau • Director of the Office of the National Environment Board • Deputy

NIDA Course University Program, Management and Ramkhamhaeng Management Planning Statistics, Private in and Project Science the Public of of

59 years

(International) The National Institute of Public (International) The National Institute of Public Administration, Environmental Policy and Planning Planning and Policy Environmental Malaysia Management for Executives (accepted by OCSC as equivalent of senior executive), King Prajadhipok’s Institute Moral Leadership, OCSC (SE 2) Class 3, OCSC - Other Position

Position during Offififfiice

Education MRTA Board MRTA

• Secretary - General, Office of the Natural Resources and • Certificate, • Certificate, Economic for Natural Resources and • Bachelor Environmental Management Oregon State University, USA • Master • Advanced Certificate Course in Public Economics • Senior Executive Development Program: Visionary and • Senior Executive Development Program : Public Executive Mr. Santi Boonprakab (in offifif ice from 3 - 26 April - 26 3 from ice offifif (in Boonprakab Santi Mr. 2012) Age 13 March 1953 Date of Birth

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 26 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 27

Bureau, Division, Laboratory Department and (Administration) Standard Control Management Control Bureau Quality Pollution Quality Quality the of Noise Management and General Air Water Environmental officer, Environment the the the of of of Director - Office of the National Environment Board Commission Modeling and Director of the Center for Environmental and Risk Assessment, Pollution Control Department international Executive Officer, Mekong River Commission, Democratic organization) Vientiane, The Lao People’s Republic Ministry of Natural Resources and Environment Environment and Environmental Policy and Planning Department, Pollution Control Department,Natural Resources and Environment Ministry of Occupational Background

• Environment • Excellent Officer Award of the Office of the Civil Service • Director • Director of Environment Division) and Assistant to Chief • Director • Deputy • Inspector General of Ministry of Natural Resources and • Director - General of the Pollution Control Department • Secretary - General of the Office of the Natural Resources • Director

Canada Environment Greenhouse International Resources environment University on on Sub-Committee, Guelph,

of Japan Natural Thailand the Disaster University Inspection the University of University of Chulalongkorn Mai Natural Engineering, Sub-Committee Office Academic and the and Work on Chiang of Committee Engineering), Engineering) Ramkhamhaeng Sewage Science, Laws, General Environment in Committee Executive Committee of of (Sanitary for (Environmental management, pollution control andmanagement standard within and outside the Kingdom environment Gas Management Organization (Public Organization) Impact Assessment Report the Senate Standing Committee on Natural Resources and Environment Management and Biodiversity Development Project, Office of the National Research Council of Thailand and Environmental Policy and Planning Cooperation Agency, Japan Other Position Current Position Education

• Member, Committee for Consideration of Environmental • Member, Pollution Control Committee • Member, • Member, • Advisor • Member, • Secretary - • Bachelor ice on 16 May Mr. Wijarn Simachaya (took offifif 2012) Age 54 years 10 December 1958 Date of Birth • Master of Science in Environmental Science, Kasetsart University • Diploma • Bachelor • Certificate • Ph.D.

University University, State Chulalongkorn California

Engineering, Administration, Electrical Business of of Public Company Limited Company Limited Limited

Education Current Position Other Position Occupational Background - • Manager, Marketing and Sales Department, Thaicom • Manager, Marketing and Sales Office, Thaicom Public • Assistant Vice President, Thaicom Public Company • Vice President, Thaicom Public Company Limited • Bachelor • Master USA • Governor of Mass Rapid Transit Authority of Thailand Mr. Yongsit Rojsrikul Age 48 years 5 February 1964 Date of Birth

Section, Permanent Thammathirat the of Inspector Sukhothai Affairs Office

Division, Enforcement Administration, Affairs Law City Business General of the of of

hief of the Secretary to Permanent Secretary for the BMA Section Secretary for the BMA Commission and Interests Protection Consultative Commission for Fraud andAdministration Misconduct in Bangkok Metropolitan Co., Ltd. City Law Enforcement Department Administration

Occupational Background Other Position Position as of 30 September 2012 Education • C • Chief • Assistant Permanent Secretary for the BMA • Secretary-General of the Office of the BMA Civil Service • Deputy Permanent Secretary for the BMA • Permanent Secretary for the BMA • Commissioner of BMA Civil Service Commission • Secretary of Policy Conduct Inspection Commission • Commissioner and Secretary of Investigation Commission • Advisor to the Board of Directors, Bangkok Thanakom

Open University olitical Science, Thammasat Universty • Master of P • Assistant Director of Bangkok Yai District • Chief of the Governor of Bangkok Secretariat • Director • Bachelor of Laws, Ramkhamhaeng University • Bachelor • Commissioner and Secretary of the Official Justice Promotion • Perma nent Secretary for the Bangkok Metropolitan

Mr. Charoenrat Chutikarn Age 61 years Date of Birth 14 October 1951 MRTA Board MRTA

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 28 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 29 (Security Security) Suppression, Suppression) (Crime (Crime General General Commissioner Commissioner Commissioner of the National Police Operations Center Commissioner of the National Police Operations Director of the (Amphoe Muang, Yala Province) and Deputy Command Southern Border Provinces Peace Building Commissioner and acting asNational Police Operations Center the Commissioner of the and governing Provincial Police Region 9, National Police Operations Center the Commissioner of the National Police Operations Center and the Deputy Director of the Internal Security Operations Command Region 4 and Special Task) and acting as the Commissioner of the Deputy Director Center and the Police Operations National of the Internal Security Operations Command Region 4 governing the Southern Border Police Bureau, National Police Operations Center Southern Border Police Bureau, National Police Operations Center, Border Patrol Police Bureau Occupational Background • Commander of Traffic Police, Metropolitan Police Bureau • Assistant Commissioner, Metropolitan Police Bureau • Deputy Commissioner, Metropolitan Police Bureau • Provincial Police Region 3 Commissioner • Provincial Police Region 9 Commissioner and acting as the • Assistant Commissioner General, acting Provincial Police 9 • Assistant • Assistant Commissioner General (Security) and acting as • Assistant • Assistant Commissioner General (Crime Suppression) and • Advisor (Level 10) (Security and Special Task) and governing • Deputy Commissioner General • Secretary - General of the Narcotics Control Board

Board Police Senior Executives on Justice Control Thai Royal Narcotics General, Commissioner,

Police Cadet Academy in 1976 (Police Cadet Class 29) Police Cadet Academy in 1976 (Police Cadet Course 6, 1982 Police Administration Course, Class 15, 1995 Class 42, 1999 5, 2007 Administration, Class 15, 2010-2011 -

Other Position Current Position as of 30 September 2012 Education

• Secretary - • Deputy • Bachelor of Public Administration (Police) from the Royal • Master of Arts (Society Development) University, 1990 from Kasetsart • Command and General Staff College, Superintendent • Command and General Staff College Class 33, 1991 • Institute Of Police Administration Development, Senior • National Defence College, National Defence Program, • Capital Market Academy, Senior Executive Program, Class • National Justice Academy,

Pol.Gen.Adul Sangsingkeo Age 58 years Date of Birth 8 April 1954 Advisors to the MRTA Board to the Advisors

Bar USA Thai Transfer, University the Government University, of of Technology in Chulalongkorn Methodist Education

Rights Management Legal Honors) of Southern and Law Class Property Institute (2nd Law, at Laws Organization Intellectual Comparative of of Barrister Kyoto Comparative Law Center, Japan Training Center,Legal Services, Ministry of Justice of Japan Tokyo, Japan Australia Sydney, Development Law Institute, International member of the Council of State Group 6 Other Position Current Position - Education Occupational Background • Director of International Legal Affairs Division • Assistant Secretary - General, Council of State • Permanent Law Councilor • Master • Bachelor • Thai • Certificate, • Certificate, • Certificate, Public International Trade Law Course, the • Deputy Secretary - General (Legal Officer10, Expert) and Mr. Chukiert Ratanachaichan Age 57 years 8 December 1955 Date of Birth

Assistant Governor - Administration and Finance Development Assistant Governor - Administration and Development Deputy Governor - Administration Finance Business Development, Construction Project Development - Engineer, Huai Kum Dam Construction Project - Executive Assistant Manager, Administration and - Director of the Maintenance Department - Assistant Governor, Special Affairs - Assistant Governor, Hydro Power Plant Construction, - Executive Assistant Manager, Hydro Power Plant - Director of Mae Moh Irrigation Project - Director of Mae Ngat Dam Hydro Power Plant Construction Other Position

Occupational Background

Education Current Position • Electricity Generating Authority of Thailand • Advisor to the MRTA Board of Directors • Bachelor of Engineering (Civil), Kasetsart University • Electricity Generating Authority of Thailand - - -

• Public Company Limited EGAT - Engineer, Upper Huai King Dam Construction Project

• Executive, Suan Luang Rama IX Public Park • Committee Member, KU Engineering Alumni Club • Director, Ratchaburi Electricity Generating Co., Ltd. • Advisor, Thailand Business Council for Sustainable

Mr. Pramote Inswarng Age 64 years 20 October 1948 Date of Birth Advisors to the MRTA Board to the Advisors

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 30 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 31

Division, Policy and Planning Office, BMA Department • Director of Infrastructure and Environment Planning • Director of Planning Division, Public Works Department • Deputy Director of the Traffic and Transportation • Inspector - General 10 • Director of the Traffic and Transportation Department • Inspector - General 10 (Chief Inspector - General) • BMA Deputy Governor, Public Works (retired) Commission Department, Chulalongkorn the of System Office Traffic Engineering, of Directors Civil of Head in 7, Engineering, Board Traffic Officer MRTA 6, Engineering the of to Technical Engineer for the Management of Land Traffic, Interior Policy and Planning Bureau, Ministry of Interior Office of the Commission for the Management of Land Traffic, Interior Policy and Planning Bureau, Ministry of Interior Planning, Ministry of Interior Commission for the Management of Land Traffic Traffic Engineering Division, Office of the Permanent Secretary, Bangkok Metropolitan Administration and Planning Office, BMA of Technology - Current Position Occupational Background Other Position

Education

• Civil • Civil Engineer 7, Head of Traffic Engineering Department, • Traffic • Civil Engineer 5, Engineering Division, Department of City • Civil Engineer 5, Traffic Control Center, Office of the • Director of Policy and Integrated Planning Division, Policy • Advisor • Bachelor Mr. Prapon Vongvichien Age 65 years 17 July 1947 Date of Birth University • M.Eng. Transportation Systems Engineering Asian Institute • Ph.D. Traffic and Transportation Engineering Ohio State University (Government Scholarship) University University Harvard

Directors Program, of Chulalongkorn Tax Board MRTA Accounting, International the of to Interior Education Current Position Other Position Occupational Background • Area Revenue Officer, Area Revenue Office 14 • Director, Thai Asset Management Corporation • Regional Revenue Officer, Regional Revenue Office • Director, Secondary Mortgage Corporation • Bachelor • Master of Business Administration, Eastern New Mexico University • Certificate, • Advisor • Director, Bangkok Asset Management Co., Ltd. • Executive, The Market Organization under the Ministry of Mr. Anant Sirisaengtaksin Age 61 years 10 February 1951 Date of Birth

9) 3) 10) Officer (Executive Investigation (Executive (Legal

Special Justice of Department of Department University

Program Directors Ministry Execution of Department the Execution Legal of Board the College Chulalongkorn the Legal of Development Law of MRTA at Laws, General the School of Defence Director to Director Receiver, Executive Barrister

Development of Behavior (Executive 10) (retired) (Executive 9) Property7) Office Region 8 (Surathani) (Legal Officer (Legal Officer 8) Officer 8)

• Deputy - Occupational Background Other Position Current Position Education • National • Thai • Senior • Advisor • Rajinibon • Bachelor

• Deputy Permanent Secretary, Head of Cluster for

• Director of the Legal Execution Department (Executive10) • Inspector - • Deputy • Head of the Official Receivers Division 2 (Legal Officer 7) • Inspector - General of the Legal Execution Department • Director of Legal Execution of Civil Case Division 3 (Legal • Department Secretary (General Administration Officer 8) • Official • Acting Director of the Legal Execution and Deposit of

Miss Kanyanuch Sothip Age 61 years 9 March 1951 Date of Birth Advisors to the MRTA Board to the Advisors

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 32 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 33

University Ltd. Co., Sub-Committee Laws Committee at Sub-Committee Ramkhamhaeng Regulation Sub-Committee Lawyers’ Attorney Directors and (1990), of Development 16 Affairs Acquisition Aphavich Board Nonthaburi Class Land Legal Business MRTA Laws, Director, the MRTA MRTA MRTA of Chairman, to Committee 2004-2005 Participation, and Public Hearing for Drafting Constitution, Nonthaburi 2007 Education of The Thai Bar Occupational Background Other Position Current Position Education

• Member, • Member, • Advisor, Senate Committee on Budgeting, 2005 • Member, Ad Hoc Sub-Committee on Public Relations, • Member, Nonthaburi Lawyers’ Committee • Lawyer, 1993 - present • Member and Assistant Secretary, Senate Standing • Managing • Advisor • Member, • Bachelor • Master of Laws, Ramkhamhaeng University, Class 6 (2008) • Thai Barrister at Law, Class 56 (2004), Institute of Legal • Deputy Mr. Norrawit Larlaeng Age 46 years 12 November 1966 Date of Birth ------20,000.00 50,000.00 50,000.00 30,000.00 70,000.00 80,000.00 30,000.00 10,000.00 10,000.00 10,000.00 20,000.00 10,000.00 100,000.00 10,000.00 10,000.00 70,000.00 10,000.00 10,000.00 10,000.00 30,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 60,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 50,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 12,500.00 12,500.00 12,500.00 12,500.00 10,000.00 12,500.00 10,000.00 10,000.00 12,500.00 10,000.00 10,000.00 10,000.00 12,500.00 10,000.00 10,000.00 10,000.00 10,000.00 12,500.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 125,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 100,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 100,000.00 10,000.00 10,000.00 10,000.00 102,500.00 122,500.00 112,500.00 72,500.00 122,500.00 112,500.00 92,500.00 122,500.00 1,135,000.00 Feb-12 Mar-12 Apr-12 May-12 Jun-55 Jul-12 Aug-12 Sep-12 Total

No meeting from 1 October 2011-30 September 2012 October 2011-30 from 1 Monthly meeting allowance Total- Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Chairman Member and Secretary Attendees

Mr. Pongpanu Svetarundra Mr. Tawalyarat Onsira (Resigned on 1 Jun 12) Mr. Pongchai Kasemthvisak Mr. Wijarn Simachaya Mr. Charoenrat Chutikarn Mr. Monton Sudprasert Mr. Thana Wichaisarn Mr. Yongsit Rojsrikul Mr. Poramatee Vimolsiri Mr. Udom Puasakul Mr. Supat Wangwongwattana Mr. Santi Boonprakab Mr. Voravidh Champeeratana Mr. Chankit Santikasem Mrs. Soithip Trisuddhi Mr. Chula Sukmanop Mr. Pongstorn Kunanusorn Mr. Chairat Joomwong Mr. Rapeepan Sariwat Mrs. Pranee Sariwat (from Mar 13) Mr. Arak Chonlatanon Mr. Athapol Yaisawang (from Dec 12) Mr. Sunthorn Saptantikul (from Jan 13) Mr. Winai Damrongmongkolkul Miss Rachanee Tripiputkul

9 6 7 8 4 5 2 3 1 25 22 23 24 20 21 18 19 16 17 13 14 15 11 12 10 Board of Directors of Board Position Oct-11 Nov-11 Dec-11 Jan-12 Member Chairman

themselves Board shall not exceed Baht 10,000 per person per month; the directors shall be responsible for the income tax Meeting allowance rate for MRTA - The Chairman shall receive 25% more allowance than other directors - The Vice Chairman shall receive 12.5% more allowance than other directors Board of Directors from 18 May 2004 The meeting allowance rates for MRTA

Rapid Transit Authority of Thailand of Thailand Transit Authority Rapid Meeting Allowance for Meeting of the Board of Directors of the Mass Mass of the Directors of Board of the for Meeting Allowance Meeting

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 34 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 35 ------20,000.00 50,000.00 50,000.00 30,000.00 70,000.00 30,000.00 80,000.00 10,000.00 10,000.00 10,000.00 20,000.00 10,000.00 100,000.00 10,000.00 10,000.00 70,000.00 10,000.00 10,000.00 10,000.00 10,000.00 30,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 60,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 50,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00

10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 100,000.00 10,000.00 100,000.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 125,000.00

102,500.00 122,500.00 112,500.00 72,500.00 122,500.00 112,500.00 92,500.00 122,500.00 1,135,000.00 Feb-12 Mar-12 Apr-12 May-12 Jun-55 Jul-12 Aug-12 Sep-12 Total

10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 12,500.00 12,500.00 70,000.00 82,500.00 122,500.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 No meeting September 2012 October 2011-30 from 1 Total- Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Member Chairman Member and Secretary Mr. Pongpanu Svetarundra Mr. Tawalyarat Onsira (Resigned on 1 Jun 12) Mr. Pongchai Kasemthvisak Mr. Thana Wichaisarn Mr. Yongsit Rojsrikul Mr. Voravidh Champeeratana Mr. Chankit Santikasem Mrs. Soithip Trisuddhi Mr. Chula Sukmanop Mr. Poramatee Vimolsiri Mr. Udom Puasakul Mr. Supat Wangwongwattana Mr. Santi Boonprakab Mr. Wijarn Simachaya Mr. Charoenrat Chutikarn Mr. Monton Sudprasert Miss Rachanee Tripiputkul Mr. Arak Chonlatanon Mr. Athapol Yaisawang (from Dec 12) Mr. Sunthorn Saptantikul (from Jan 13) Mr. Winai Damrongmongkolkul Mr. Pongstorn Kunanusorn Mr. Chairat Joomwong Mr. Rapeepan Sariwat Mrs. Pranee Sariwat (from Mar 13) 1 2 3 4 5 6 7 8 9 23 24 25 10 11 12 13 14 15 16 17 18 19 20 21 22 Board of Directors of Board Position Oct-11 Nov-11 Dec-11 Jan-12 Board of Directors from 18 May 2004 The meeting allowance rates for MRTA themselves Board shall not exceed Baht 10,000 per person per month; the directors shall be responsible for the income tax Meeting allowance rate for MRTA - The Chairman shall receive 25% more allowance than other directors - The Vice Chairman shall receive 12.5% more allowance than other directors Meeting Allowance for Meeting of the Board of Directors of the Mass Mass of the Directors of Board of the for Meeting Allowance Meeting of Thailand Transit Authority Rapid

Chairman

Assistant Secretary Member and Secretary

Member Mr. Voravidh Champeeratana Member Mr. Rapheephan Sariwat and Finance Audit Division, Director of Accounting MRTA office Audit Provide feasibility report of the financial report, report, operating results report, management interest report, MRTA conflict of Board of Directors; compliance report for rules, regulations, cabinet resolutions, and policy set of the MRTA Board of Directors at least once a quarter,Provide report accept for the of governance by the Audit Committee to the MRTA last quarter, in which case such report shall be made into an annual operating results report, signed by the Chairman of the Ministry of TransportAudit Commit tee, and submitted to the within 60 days from the end of the and the Ministry of Finance annual report;fiscal year, and publish it in the MRTA When performing abnormality, or significant its duty, if the Audit Committee finds or suspects a conflict of interest, corruption, policy, which may significantly of rules, regulations, cabinet resolutions, and MRTA defect in the internal control system, violation Board of Directors; notify the MRTA the Committee shall results of MRTA, affect the financial position and operating The Audit Committee perform an annual self assessment and provide a report of the result together with the obstacles and Board of Directors; of objectives to the MRTA challenges in operation which cause non-realization the rules and guidelines of audit committees in state enterprises as passed by the The Audit Committee shall strictly adhere to cabinet resolution on 25 April 2000. Determine policies and strategies for MRTA information technology and communications; Determine policies and strategies for MRTA compliance with policies and strategies Control and oversee information technology and communications related works to ensure under 1. and communications work of the MRTA. Provide advice, suggestions and solutions to problems relating to information technology Perform Board of Directors. other duties as assigned by the MRTA Member Sub-Committee Chairman Mr. Pongstorn Kunanusorn Pol. LT. Gen. Adul Sangsingkeo Member Mr. Anant Sirisaengtaksin Member Member Mr. Dhanasarn Suravudhikul Member Mr. Setthawit Kerdpol Mrs. Irada Luangwilai Member Deputy Governor of MRTA (Strategy and Planning) Director of Information Technology Center

Committee Mr. Charoenrat Chutikarn Committees, Sub-Committees of MRTA of Sub-Committees Committees, Secretary 2. 3. office Audit of 4. Director 5. Authority 1. 2. 3. 4. 5. Authority 1. 2. 3. 4. Members 1. 2. 3. 4. 5. 6. 7. 8. Information Technology and Communications Sub-Committee Information Technology and Communications Audit Committee Members 1.

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 36 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 37 Assistant Secretary Secretary Sub - Committee Chairman Mr. Poramatee Vimolsiri Member Member Mr. Pongstorn Kunanusorn Mr. Pramote Inswarng Assistant Secretary Deputy Governor or Assistant Governor as assigned by the Governor Secretary Director of Strategy Department performance with the evaluation system of state Prepare a memorandum of agreement for MRTA appraisal in accordance enterprise operating results. negotiate the memorandum of agreement have the authority to by the Chairman shall The Chairman or the member assigned Performance for MRTA Appraisal with the State Enterprise Performance Appraisal Committee to be proposed to the MRTA for MRTA Governor for consideration and execution of the memorandum of agreement Chairman Board of Directors and the MRTA Board of Directors. performance and propose to MRTA appraisal on behalf of MRTA, Consider and give suggestions on compliance with preventive and corrective measures for environmental impacts caused by with preventive and corrective measures for environmental impacts caused by Consider and give suggestions on compliance operation of mass rapid transit business; of the environment and solution to environmental problems during construction and Provide advice and coordinate management the community concerning the operation of MRTA. operation, and as well as complaints from steps and procedures which may have impact on the environment. Consider and give suggestions on operational Appoint a working committee to perform works relating to the environment as necessary; of Directors for acknowledgement, approval or furtherReport Board actions. results to the MRTA operating Board of Directors. Perform duties as assigned by the MRTA other Sub- issued order No. 208/2555 dated 12 April 2012 amending the order appointing the Environment Subsequently, MRTA Sub - Committee Chairman Chairman Sub - Committee Vice Mr. Supat Wangwongwattana Member Member Mr. Chairat Joomwong Mr. Pramote Inswarng Eamopas Asst. Prof. Dr, Kanoksak Member Asst. Prof. Dr. Suthin Yoosuk Control DepartmentDirector General of Pollution or representative of BMA or representative Director of the Environmental Sanitation Division Member Member Bureau Office of Director of the Environmental Impact Evaluation and Planning Natural Resources and Environmental Policy or Member representative Deputy Governor or Assistant Governor assigned by the Governor Director of Technical Department 2. 3. 4. 5. Authority 1. 2. Sub-Committee on Preparation of Memorandum of Agreement for MRTA Performance Appraisal Sub-Committee on Preparation of Memorandum of Agreement for MRTA Member 1. Authority 1. 2. 3. 4. 5. 6. Order No. 90/2555 dated 10 February 2012, which changed from Committee under the MRTA “Asst. Prof. Dr. Suthin Yoosuk” to “Assoc. Prof. Dr. Suthin Yoosuk.” 2. 3. 4. 5. 6. 7. 8. 9. Environment Sub-Committee Member 1. 10. Secretary Secretary Secretary (Strategy and Planning)

Member Sub - Committee Chairman Mr. Pongpanu Svetarundra Member Mr. Chairat Joomwong Mr. Rapeepan Sariwat Member Mr. Dhanasarn Suravudhikul Deputy Governor (Strategy and Planning) MRTA Assistant Secretary Director of Strategy Department Member Sub - Committee Chairman Mr. Voravidh Champeeratana Mrs. Soithip Trisuddhi Member Mr. Pongstorn Kunanusorn Member Member Mr. Dhanasarn Suravudhikul Asst. Prof. Prasert Arkraprathompongse Member Miss Niphapen Semornsut Deputy Governor MRTA Assistant Secretary Director of Strategy Department Board of Directors and the Government. carried out in accordance with the policies of the MRTA Perform Board of Directors. other duties as assigned by the MRTA Sub - Committee Chairman Member Mr. Athapol Yaisawang Mr. Rapeepan Sariwat Member Mr. Pongstorn Kunanusorn Member Mr. Pongchai Kasemthvisak (Strategy and Planning) Deputy Governor of MRTA Assistant Secretary Director of Strategy Department for performance Governor under the rules and conditions Consider and determine the rules and procedures appraisal of MRTA specified in the engagement agreement; under the rules and procedures under 1. Appraise the performance Governor of the MRTA for Board of Directors Report to the MRTA result of performance Governor under the engagement agreement the appraisal of MRTA consideration. 1. Specify policy and direction to undertake for good corporate governance and corporate social responsibility; activities and direction; 2. Supervise the activities of organization to be in compliance with the specific policy

1. Determine risk management performance Board of Directors; by MRTA as assigned works are problems to ensure that risk management solving to or approaches set measures and or suggestion advice 2. Provide Committees, Sub-Committees Committees, 2. 3. 4. 5. Good Governance Sub-Committee Members 1. 6. Authority Risk Management Sub-Committee Members 1. 2. 3. 4. 5. 6. 7. 8. Authority 3. Sub-Committee for Performance Appraisal of MRTA Governor under the Engagement Agreement Governor under the Engagement Performance Appraisal of MRTA Sub-Committee for Members 1. 2. 3. 4. 5. 6. Authority 1. 2. 3.

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 38 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 39 Sub - Committee Chairman Assistant Secretary Sub - Committee Chairman Member (Resigned on 1 August 2012) Secretary Assistant Secretary Secretary Assistant Secretary Member Member Member Member Member

Member Member Member Member Mr. Pongstorn Kunanusorn Mr. Pongpanu Svetarundra Mr. Chula Sukmanop Mr. Pongpanu Svetarundra Mr. Poramatee Vimolsiri Miss Dachanee Euarchukiat Mr. Prakit Seksan Mr. Somchai Assawaseranee Deputy Governor or Assistant Governor as assigned MRTA by the Governor Director of Business and Property Management Department Board of Directors or as requested by MRTA; MRTA Board of Directors and the Government; development or business management to be in compliance with the policy of MRTA responsibility from time to time as appropriate; responsibility from time Mr. Prapon Vongvichien Mr. Pramote Inswarng Mr. Dhanasarn Suravudhikul MRTA Governor MRTA MRTA Deputy Governor (Strategy and Planning) MRTA Director of Strategy Department Director of General Administration Department relating to administration, improvement, and development of the Provide advice and suggestions on operations organization and human resources; and human resources development to ensure compliance with the policy Govern the operations concerning organization Board of Directors; of the MRTA the operation of the Organization and Human Resources Development Sub- Appoint a working committee to assist with Committee; Perform Board of Directors. other duties as assigned by the MRTA 1. Determine the issues relating to business development, property development and business management as assigned by on business development, property2. Provide advice or suggestions and define measures or resolutions to solve the problems 3. Perform Board of Directors. other duties as assigned by MRTA 3. Continuously promote any activities in regard to specific policy and direction; any activities in regard to specific policy 3. Continuously promote corporate social good corporate governance and Board of Directors any activities concerning 4. Report to the MRTA committee to support5. Appoint a working the work of the Sub-Committee; Board of Directors. 6. Perform by the MRTA other duties as assigned Members 1. Business Development Sub-Committee Members 1. 2. 2. 3. 4. 5. 6. 7. 8. Authority Organization and Human Resources Development Sub-Committee Organization and

3. 4. 5. 6. 7. 8. 9. Authority 1. 2. 3. 4. Secretary Secretary Assistant Secretary

Sub - Committee Chairman Mr. Athapol Yaisawang Member Mr. Chairat Joomwong* Member Member Mr. Rapeephan Sariwat Member Miss Kanyanuch Sorthip Member Mr. Sarawut Benchakul Member Mr. Poramate Intarachumnum Member Mr. Phongpichet Chantarapornkit Mr. Kijja Kaewpankan Member Mr. Korplarp Apaipakdi Sub - Committee Chairman Member Mr. Chairat Joomwong Member Member Mr. Phakapol Pechking Miss Dachanee Euarchukiat Mr. Chaivut Rujjanavej Member Member Mr. Sunthorn Saptantikul Mr. Chamnan Chadit Member Member Miss Rattana Luenkaew Mr. Norrawit Larlaeng Deputy Governor or Assistant Governor as assigned MRTA by the Governor Director of Land Acquisition Planning Division and give judgment on legal and contractual issues deemed essential to MRTA as assigned by the MRTA Board of Directors or Board as assigned by the MRTA issues deemed essential to MRTA and give judgment on legal and contractual requested by MRTA. MRTA to efficiently can carry out the land acquisition the construction of the Purple Line Project, Bang Yai-Rat Burana (Bang to efficiently can carry out the land acquisition the construction of the Purple Line Project, Bang Yai-Rat Burana MRTA Kae and Bang Sue-Tha Phra sections and the Green Line the Blue Line Project, Hua Lamphong-Bang Yai-Bang Sue section), Project, Baring-Samut Prakan and Mo Chit-Sa Pan Mai sections as planned;

2. Perform other duties as assigned by the MRTA Board of Directors. 2. Perform other duties as assigned by the MRTA Member 10.Mr. Norrawit Larlaeng** Member 11.Mr. Sirichai Sutheeweerakachorn*** Deputy Governor (Administration) 12.MRTA Assistant Secretary 13.Director of Legal Affairs Department * Passed away on 31 July 2012 Order No. 225/2555, dated 20 April 2012 ** Appointed under the MRTA Order No. 389/2555, dated 17 July 2012 *** Appointed under the MRTA draft legislation, draft regulations, draft rules and draft contracts; and to consider 1. Provide advice or suggestion and prepare 1. Regulate, set forth and coordinate land acquisition in accordance with the plans, work plans, accelerate, monitor 2. Provide advice or suggestion and set forth to solve problems and obstacles concerning land acquisition to ensure that measures 2. 3. 4. 5. 6. 7. 8. 9. 10. Members 1. Authority Land Acquisition Planning and Monitoring Sub - Committee Land Acquisition Planning and Monitoring

Authority 2. 3. 4. 5. 6. 7. 8. 9. Legal Affairs and Regulations Sub-Committee Legal Affairs and Members 1.

Committees, Sub-Committees Committees,

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 40 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 41 Secretary Secretary Assistant Secretary Assistant Secretary Assistant Secretary Assistant Secretary Assistant Secretary

Sub - Committee Chairman Member Sub - Committee Chairman Mr. Voravidh Champeeratana Member Mr. Pongpanu Svetrundra Member Mr. Pongstorn Kunanusorn Member Member Mr. Anant Sirisaengtaksin Member Mrs. Chaweewan Sukantharat Mrs. Kanwee Seubsuk Deputy Governor or Assistant Governor as assigned MRTA by the Governor Director of Accounting and Finance Department and Board of Directors the policies of MRTA and investment in order to ensure that the works are carried out in accordance with the Government. Mrs. Soithip Trisuddhi Member Mr. Charoenrat Chutikarn Mr. Prapon Vongvichien Mr. Chairat Joomwong Member Mr. Chayaphong Chunak Member Miss Wiramon Yunnan Member Deputy Governor (Engineering and Construction) MRTA Member Member and the Government; Board of Directors policies of the MRTA administration to ensure compliance with Mr. Tawalyarat Onsira Director of Construction Management Department 1 Director of Construction Management Division 2 Director of Construction Management Division 3 Director of Construction Management Division 3. Report its operation to the MRTA Board of Directors on a quarterly3. ReportMRTA basis, its operation to the Board of Directors. 4. Perform by the MRTA other duties as assigned 1. Determine financial, budgeting and investment matters as assigned by MRTA Board of Directors; 1. Determine financial, budgeting and investment matters as assigned by MRTA solving associated with finance, budgeting 2. Provide advice or suggestions and determine measures or approaches to problems 3. Perform Board of Directors. other duties as assigned by the MRTA 1. Determine project construction administration assigned by the MRTA Board of Directors or requested by MRTA; Board assigned by the MRTA 1. Determine project construction administration measures or procedures to solve problems 2. Offer advice and consultations, and recommend arisen from project construction Board of Directors or MRTA. 3. Perform other duties as assigned by the MRTA 2. 3. 4. 5. 6. 7. 8. Authority Finance, Budgeting and Investment Sub-Committee Members 1. 2. Mr. Udom Puasakul 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Authority Construction Management Sub-Committee Construction Management Members 1.

3 Mr. Chaisit Gururatana Deputy Governor (Strategy and Planning) 3

Mr. Peerayudh Singpatanakul Deputy Governor (Engineering and Construction) 2 5 Mr. Ronnachit Yaemsaard Deputy Governor (Operations)

2 4 Mrs. Kritaya Sumitanant Deputy Governor (Administration)

4 1

Mr.Yongsit Rojsrikul Governor 1 MANAGEMENT TEAM OF MRTA TEAM MANAGEMENT (As of 30 September 2013) (As of 30

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 42 Annual Report 2012 | Mass Rapid Transit Authority of Thailand

43 3

6 Mr. Kanokkan Sirichana Specialist 12 6 Mr. Theeraphan Tachasirinugune Assistant Governor

3 2

5 Mr. Boonanun Sathayanuruk Mr. Boonanun Senior Architecture 12 5 Mr. Comtasana Chaipakdee Mr. Comtasana Assistant Governor

2 4

1 Mr. Sujjapong Snunsieng Mr. Sujjapong Assistant Governor 4 Mr. Prapon Chanakitjanukit Assistant Governor 1 5 Mrs. Kamoltip Duang-som Director of Public Relations Division

7 2 Mr. Yongyouth Boonsirivibul Director of Account and Finance Audit Division 7 Miss Sirithida Thammakul Director of Administrative Affairs Division 3333 4 Mr. Amnuay Akkadechanunt Director of General Audit Division

6 1

6 Mr. Jerasak Chinrungruang Director of Audit Office

22 3

Mr. Chavalit Sirisakvatana Director of Special Affairs Division

5 Mr. Dhanesh Ruangrong Director of Office of the Governor

(As of 30 September 2013) (As of 30 MANAGEMENT TEAM OF MRTA TEAM MANAGEMENT 1

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 44 Annual Report 2012 | Mass Rapid Transit Authority of Thailand

45 3

6 Mrs. Montira Laksanasirisak Senior General Administrative Officer 10, Acting Director Evaluation and Performance Management Division 4

Miss Kanta Chiwapakdee Senior Administrative Officer 11, Acting Chief of Policy and Planning Section

5 2 3 Mrs. Chusilp Naraphinonta Senior Administrative Officer 11, Acting Director of Safety Occupational Health and Environment Office 6 Miss Budsakorn Yusook Director of Strategy and Planning Division

2 4

1 Mr. Sitthiporn Songcharoen Director of Risk Management and Internal Control Division 5 Mr. Rithika Suparat Director of Strategy Department 1

3 3 Mrs. Pouangyok Boonthanom Director of Accounting and Finance Department

5 7 Miss Chutsuda Anontaphan Miss Chutsuda Senior Finance Office 10, Acting Director of Budgeting and Loan Division 7 Mr. Tanom Rattanasate Director of Environment Division

2 2 Mrs. Nuansri Rukmanee Director of Finance Division 6

4 6 Mr. Somprasong Suttayamully Director of Technical Division 2

1 Miss Jarunee Rattanangkoon Director of Accounting Division

Mr. Sarot T.Suwan Director of Technical Department 1

(As of 30 September 2013) (As of 30 MANAGEMENT TEAM OF MRTA TEAM MANAGEMENT

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 46 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 47 Mr. Suchin Sasiprapakul Director of Electrical and Mechanical Engineering Department 4 Mr. Vijit Santipatanakij Director of M&E System Supervisory Division

7 5 Mr. Thavit Pungton Director of Architecture Division

3 2 Mr. Theeraphon Adisorn Director of Electrical and Mechanical Engineering Division 6 Mr. Kittikorn Tanpao Civil Engineering Division 22

1 Mr. Wanat Sucharitdhammadhorn Director of M&E System Engineering Division 5 Mr. Chansak Sirisith Director of Civil Engineering and Architecture Department 1 3 Mr. Surachet Laophulsuk Senior Engineer 10, Acting Director of Construction Management Division 1 3

5 Mr. Pattanaphong Phongsupatsamit Senior Engineer 10, Acting Director of Construction Management Division 3

5 2 Miss Preeyanuch Tantanasarn Senior Administrative Officer 11

2 4 Mr. Vithaya Punmongkol Senior Engineer 10, Acting Director of Construction Management Division 2

4 1

Mr. Pakapong Sirikantaramas Director of Construction Management Department 1

(As of 30 September 2013) (As of 30 MANAGEMENT TEAM OF MRTA TEAM MANAGEMENT

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 48 Annual Report 2012 | Mass Rapid Transit Authority of Thailand

49 6

3 Mr. Suchint Somboonsilp Director of Land Acquisition Division 1 Mr. Adulvet Chitprasert Director of Land Acquisition Division 2

3 6 2

5 Mr. Taweesak Sundos Director of Land Acquisition Planning Division 2 Mr. Supanutt Putrchootinuntn Senior Administrative Officer 11, Acting Chief of Surveying and Property Appraisal Secting 1

5 4

1 Mr. Panthep Srisavai Director of Land Acquisition Department 1 Mr. Chaiyot Nanakhon Senior Administrative Officer 11, Acting Chief of Land Rights Investigation Section 1 4

3 5 Mr. Tanin Niramarnsakul Director of Maintenance Division Mr. Pongtep Musikasinthom Senior Administrative Officer 11 3

6 2 Mr. Jaytiya Jantawong Director of Land Acquisition Division 3 Mr. Prasit Kleangkerd Director of System Operations Division 5

2 4

1 Mr. Tongchai Mungkarak Senior Administrative Officer 11, Acting Chief of Surveying and property Appraisal Secting 2

Mr. Bordin Boorana-apirakkul Director of Operations Department 1

(As of 30 September 2013) (As of 30 MANAGEMENT TEAM OF MRTA TEAM MANAGEMENT

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 50 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 51

5 Mr. Raveewat Ratanasen Director of Security Division

3 2 Pol.Col. Chokchai Yimpong Senior Administrative Officer 11, Acting Director of Security, Fire and Rescue Training Institute 5 Mrs. Nuansmorn Khamasundara Senior Administrative Officer 11

2 4 Pol.Capt. Sakchai Chovavisessut Director of Rescue Division

4 1 Pol.Lt.Col. Anusilp Sirivejchapan Director of Security and Rescue Department 1

Mr. Tanwa Artaramas Director of Concession Management Division 2

4 4 Mrs. Natamon Bunnak Director of Business Planning and Development Division 2 Mr. Tanarutana Ounchaiya Director of Business and Property Management Division

3 1

Miss Auratai Laprattanakul Director of Business and Property Management Department 1

(As of 30 September 2013) (As of 30 MANAGEMENT TEAM OF MRTA TEAM MANAGEMENT

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 52 Annual Report 2012 | Mass Rapid Transit Authority of Thailand

53 3

6 Miss Daranee Sontana Director of Office Building and Vehicles Division Mrs. Pornthip Charoenrungrat Director of Human Resource Division 6

3 2

5 Mrs. Taveporn Roongruxadisai Director of Supply Division Mr. Ratchaphol Suksod Senior Administrative Officer 11

2 4

1 Mr. Suthad Sikares Director of Human Resource and Work System Development Division Mrs. Yuppadee Chaiyapakdee Director of General Administration Department 4 1 4

2 Mr. Vichai Saksirinukul Director of Litigation and Disciplinary Division 4 Mr.Pongsak Wedchasit Director of Juristic Act Division

2 1 Mr. Sinart Coompanthu Senior Legal Officer 10, Acting Director of Contract Division

3 3

Mr. Weerapong Puttanapun Director of Legal Affairs Department 1

(As of 30 September 2013) (As of 30 MANAGEMENT TEAM OF MRTA TEAM MANAGEMENT

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 54 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 55

Position Position (As of 20 May 2013) (As of Senior Administrative Officer 10 , Acting Director of Public Relations Division Senior Chief of Public Communication and Information Section Senior Chief of Public Complaint Section Director of Special Affairs Division Chief of Organization Affairs Section Senior Chief of Social Affairs Section Director of Office of the Governor Director of Administrative Affairs Division Senior Chief of Correspondence and Documents Control Section Administrative Officer 8, Acting Chief of Correspondence and Secretary Section Governor Deputy Governor (Operations) and Planning) Deputy Governor (Strategy Deputy Governor (Administration) and Construction) Deputy Governor (Engineering Chief Financial officer (CFO) Assistant Governor Assistant Governor Assistant Governor Assistant Governor Assistant Governor Senior Administrative officer 11 Senior Architecture 12 Singpatanakul Sathayanuruk Thuanim Snunsieng Duang-som Trakarn Laksanasirisak Sirisakvatana Gururatana Sumitanant Dilokvilas Chanakitjanukit Wattanapradit

Name - Surname Name - Surname

Mrs. Kanokkarn Kesaraksha Mr. Vipach Mr. Chavalit Mrs. Thitaree Sriawut Mr. Teerachai Mrs. Natamon Bunnak Mrs. Montira Mr. Chanachai ChongsavangeMrs. Jantana 10 Senior Administrative Officer Miss Rujinon Promma Miss Jirata Mr.Yongsit Rojsrikul Mr. Sujjapong Mr. Ronnachit Yaemsaard Mr. Chaisit Mrs. Kritaya Mr. Peerayudh Mr. Dhanasarn Suravudhikul Mr. Prapon Mr. Theeraphan Tachasirinugune Assistant Governor Mr. Rithika Suparat Mr. Suchin Sasiprapakul Puttanapun Mr. Weerapong Mrs. Kamoltip Mr. Boonanun

Offifif ice of the Governor ice of the Governor Offifif MANAGEMENT TEAM OF MRTA OF MRTA TEAM MANAGEMENT

Position Position (As of 20 May 2013) (As of Chief of Performance and Information Section Management Director of Risk Management and Internal Control Division Administrative Officer 7, Acting Chief of Risk Management Section Administrative Officer 7, Acting Chief of Internal Control Section Director of Strategy Department Senior Administrative Officer 11, Acting Director of Strategy and Planning Division and Acting Chief of Policy and Planning Section Chief of Evaluation Section Director of Audit Office Division Director of General Audit Section 1 Chief of General Audit Senior Chief of General Audit Section 2 Director of Account and Finance Audit Division Audit Section Chief of Revenue and Budget Management Senior Chief of Account and Finance Audit Section Na Ranong Chief of Strategy Management Section Boonsirivibul Kongkraphun Songcharoen Akkadechanunt Sornmanee Chiwapakdee Name - Surname Name - Surname

Mr. Sitthiporn Mr. Thanawa Antachai Miss Preewana Uthai Miss Budsakorn Yusook Mrs. Chattaya Chareanpanich Miss Kanta Mrs. Kunchulee Miss Panisara Mrs. Pornthip Charoenrungrat Mr. Amnuay Mr. Chakkrit Thongpaknam Miss Sumittra Soonsiri Mr. Yongyouth Miss Issaree Prakobsinnukul Mrs. Pornpan Strategy Department

Audit Offif ice Audit Offif MANAGEMENT TEAM OF MRTA OF MRTA TEAM MANAGEMENT

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 56 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 57 Position Position Director of Finance Division Senior Administrative Officer 11, Acting Chief of Financial Management Section Senior Chief of Tax Section Director of Budgeting and Loan Division Senior Chief of Budgeting Section Senior Chief of Loan Section Director of Accounting and Finance Department Director of Accounting Division Senior Chief of Accounting Section Chief of Pre - payment Checking Section 1 Director of Technical Department Director of Technical Division Section Chief of project Analysis Senior Chief of Project Planning Section Section Chief of Research and M.R.T. Knowledge Management Director of Environment Division Chief of Environment Assessment Section Chief of Environment Impact Monitoring Section Boonthanom Poompuang Anontaphan Sugeethorn Dilokkhunanan Rattanangkoon Jansaksri Vorachak Rukmanee Rattanasate T.Suwan Name - Surname Name - Surname Miss Jiranan Miss Kittika Tantakasem Miss Chutsuda Miss Nuanpan Mrs. Ketkanok Coompanthd Miss Jarunee Mrs. Nalinporn Chaisiricharoenpun Miss Wasathorn Klaikeow Mrs. Nuansri Mrs. Pouangyok Mr. Sarot Suttayamully Mr. Somprasong Miss Unchalee Janpanichsub Mr. Gardphajon Udomdhammabhakdi Mr. Waranon Mr. Tanom Mrs. Piyanad Miss Pornpimol Accounting and Finance Department Technical Department Technical Department

(As of 20 May 2013) (As of MANAGEMENT TEAM OF MRTA OF MRTA TEAM MANAGEMENT

Position Position (As of 20 May 2013) (As of Director of Electrical and Mechanical Engineering Department Senior Chief of Data and Documentation Section 2 Director of M&E System Engineering Division Senior Chief of M&E System Engineering Section Chief of Train Control System Section Director of Electrical and Mechanical Engineering Division Chief of Electrical Engineering Section Chief of Mechanical Engineering Section Director of M&E System Supervisory Division Chief of M&E Project Management Section Chief of M&E System Supervisory Section Director of Civil Engineering and Architecture DepartmentDirector of Civil Engineering 10 Senior Administrative officer Documentation Section 1 Senior Chief of Data and Civil Engineering Division Section Senior Chief of Civil and Structural Engineering Director of Architecture Division Chief of Architecture Section Chief of Interior Architecture Section Tanpao Sirisith Phongsrithong Chinrungruang Pungton Sucharitdhammadhorn Name - Surname Name - Surname

Mr. Chansak Mr. Thavit Miss Ampai Jangbumrung Miss Siriporn Usathit Mr. Kittikorn Mr. Kitti Mr.Wachcurapon Khongsawad Akewanlop Mr. Saravut Structural Engineering Section Chief of Station and Railway Eksuwan Mr. Soralak Sotthiyothin Miss Jintana Mr. Wanat Mrs. Raveewan Phongsupatsamit Sasisuwan Patcharatwadee Miss Mr. Theeraphon Adisorn Mr. Thanakrit Phonghong Mr. Yuthasak Chuenjai Mr. Vijit Mr. Ekachai Santipatanakij Boonmaleetrakul Mr. Sutthipong Apairatana Mr. Jerasak Electrical and Mechanical Engineering Department Electrical and Mechanical Engineering

Civil Engineering and Architecture Department and Architecture Department Civil Engineering MANAGEMENT TEAM OF MRTA OF MRTA TEAM MANAGEMENT

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 58 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 59 Position Position

Director of Land Acquisition Department Senior Administrative Officer 11 Director of Land Acquisition Planning Division Senior Chief of Land Acquisition Planning and Data Section Senior Administrative Officer 11, ReportActing Chief of Evaluation and Section Director of Land Acquisition Division 1 Senior Administrative Officer 11, Section 1 Acting Chief of Land Rights Investigation Senior Chief of Land Acquisition Section 1 Senior Administrative Officer 11, propertyActing Chief of Surveying and Appraisal Secting 1 Director of Land Acquisition Division 2 Senior Chief of Land Rights Investigation Section 2 Chief of Land Acquisition Section 2 Senior Administrative Officer 11, propertyActing Chief of Surveying and Appraisal Secting 2 Director of Land Acquisition Division 3 Chief of Land Rights Investigation Section 3 Chief of Land Acquistion Section 3 Senior Chief of Surveying and Property Appraisal Section 3 Director of Construction Management DepartmentDirector of Construction Management Division 1 Director of Construction of Construction Management Section 1-2 Engineer 7, Acting Chief 1 Chief of Construction Planning and Data Section 2 Director of Construction Management Division Chief of Construction Management Section 2-1 Chief of Construction management Section 2-2 Section 2 Senior Chief of Construction Planning and Data 3 Director of Construction Management Division Section 3-1 Engineer 7, Acting Chief of Construction Management Section 3-2 Engineer 7, Acting Chief of Construction Management Chief of Construction Management Division 3 Phongsupatsamit Sumranpis Sirikantaramas Teangtae Sundos Mungkarak Laophulsuk Punmongkol Srisavai Nanakhon Chitprasert Bumrungmaung Somboonsilp Jantawong Name - Surname Name - Surname Mr. Pongtep Mr. Musikasinthorn Mr. Taweesak Miss Jirasorn Piya-aromrat Mrs. Jittima Mr. Suchint Mr. Chaiyot Mr. Surasak Mungchomklang Mr. Supanutt Putrchootinuntn Mr. Adulvet Mr. Noppadol Mr. Chartchai Mr. Tongchai Mr. Jaytiya Mr.Nuttapong Songpracha Mr.Chittirat Wisuttisen Mr. Buntoon Songjaroen Mr. Panthep Miss Preeyanuch TontanasarnMr. Surachet Mr. Patiwet Hayrayoung Worawutputipong Miss Kanogporn Senior Administrative Officer 11 Mr. Vithaya Mr. Baramin Chareanpanich Mr. Nut Mrs. Uthumphorn Samutnak Nakthoranin Mr. Pattanaphong Mr. Kunakorn Panlure Mr.Khwan Miss Duangrat Sukhkong Ngoachintarak Mr. Pakapong Land Acquisition Department Construction Management Department Construction Management

Position (As of 20 May 2013) (As of Director of Civil Engineering and Architecture DepartmentDirector of Civil Engineering 10 Senior Administrative officer Documentation Section 1 Senior Chief of Data and Civil Engineering Division Section Senior Chief of Civil and Structural Engineering Director of Architecture Division Chief of Architecture Section Chief of Interior Architecture Section Tanpao Sirisith Pungton Name - Surname Mr. Chansak Miss Ampai Jangbumrung Miss Siriporn Usathit Mr. Kittikorn Mr. Kitti Mr.Wachcurapon Khongsawad Akewanlop Mr. Thavit Mr. Saravut Structural Engineering Section Chief of Station and Railway Eksuwan Mr. Soralak Sotthiyothin MANAGEMENT TEAM OF MRTA OF MRTA TEAM MANAGEMENT

Position Position (As of 20 May 2013) (As of Senior Chief Rescue Planning and Data Section Senior Administrative Officer 11, Acting Director of Security, Fire and Rescue Training Institute Senior Chief of Security Technique Section Chief of Fire Fighting and Rescue Technique Section Chief of Training Administration Section Director of Security and Rescue Department Senior Administration Officer 11 Director of Security Division Chief of Security Section 1 Senior Chief of Security Section 2 Chief of Security Section 3 Senior Chief of Security Section 4 Senior Chief of Security Planning and Data Section Senior Chief of Right of Way Maintenance Section Senior Chief of Rescue Section 1 Senior Chief of Rescue Section 2 Senior Chief of Rescue Section 3 Director of Operations DepartmentDirector of Operations 11 Senior Administration Officer Division Director of System Operations Section 1 Chief of M.R.T. System Operations Supervisory Section 2 Chief of M.R.T. System Operations Supervisory and Technique Section Senior Chief of M.R.T. System Operations Standard Director of Maintenance Division Chief of M.R.T. System Maintenance Section Maintenance Section Senior Chief of Building and Permanent Way Section Senior Chief of Maintenance Standard and Technique Choomchuen Sintuset Yimpong Sirivejchapan Yanprasart Honchaiya Ratanasen Chanwiwatwet Pipatanagul Boorana-apirakkul Niramarnsakul Vorasilpachai Kleangkerd Name - Surname Name - Surname

Pol.Col. Chokchai Sarapol Pol.Capt.Jaroenchai Pol.Sgt.Maj. Chaiya Pilawan Mrs. Russarin Act.Sub.Lt. Suppachai Pol.Lt.Col. Anusilp Nuansmorn Khamasundara Mrs. Mr. Raveewat Mr. Kitti Pol.Capt.Sirawat Kaewdusit Setthasing Mr. Siriyos Ayudhaya Mr. Konejanart Na Sudaj Mrs. Kancana Chantarachote Pol.Capt. Kitti Pol.Sgt.Maj. Witan Sricomme Pol.Sgt.Maj. Nikun Promsiri Pol.Capt. Sanoath Mr. Bordin Miss Sasilak Luksitanond Mr. Prasit Mr. Nuttapat Ounhakongka Mr. Piyapong Panaray Mr. Kajorn Mr. Tanin Mr. Kwankaew Rujiratmanee Mr. Satid Mr. Supapat Jianwittayakit Security and Rescue Department

Operations Department Operations Department MANAGEMENT TEAM OF MRTA OF MRTA TEAM MANAGEMENT

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 60 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 61 Position Position Director of General Administration Department Senior Administrative Officer 11 Director of Human Resource Division Chief of Human Resource Management Section Senior Chief of Welfare and Labour Relations Section Director of Human Resource and Work System Development Division Senior Chief of Human Resource Development Section Chief of Work System Development Section Director of Supply Division Senior Chief of Procurement Section Senior Chief of Supply Section Director of Office Building and Vehicles Division Administrative Officer 7, Acting Chief of Office Building Section Senior Chief of Vehicles Section Director of Business and propertyDirector of Business and Management Department and Development Division 10, Acting Director of Business Planning Senior Administrative Officer Planning Section Senior Chief of Business Chief of Business Development Section Director of Business and Property Management Division Chief of Business Development Section Chief of Property Management Section Director of Concession Management Division 1 Senior Chief of Concession Management Section Ounchaiya Chaiyapakdee Wongshavy Thaiprayoon Sontana Tachasirinugune Manonth Roongruxadisai Thammakul Laprattanakul Rojanapaitoon Sikares Name - Surname Name - Surname Sawangrith Mrs. Yuppadee Mr. Ratchaphol Suksod Mr. Suthad Mrs. Naruedee Mrs. Kantima Miss Sirithida Miss Supanee Sornsue Miss Jinnaree Meesakul Mrs. Taveporn Miss Kavissara Yasiri Miss Pichitra Soontornpipit Miss Daranee Mr. Pongsakorn Dokbua Mr. Krit Miss Auratai Mrs. Thimaporn Mrs. Auraiwan Miss Siriporn Kingtong Mr. Tanarutana Miss Niramon Boontongkong Asavahame Mrs. Patchanee Mr. Tanwa Artaramas Mr. Naprut General Administration Department Management Department Business and Property

(As of 20 May 2013) (As of MANAGEMENT TEAM OF MRTA OF MRTA TEAM MANAGEMENT

Position Position Position (As of 20 May 2013) (As of Senior Administrative Officer 11, Acting Director of Safety Occupational Health and Environment Senior Administrative Officer 11, Acting Director of Safety Occupational Health and Environment Office Senior Administrative officer 10 Director of Information System Development Section and Acting Director of Information Technology Department Chief of Information System Support Section Chief of Computer Network Section Programmer 7, Acting Chief of Information System Development Section General Administrative officer 7, Acting Chief of Information Planning and Evaluation Section Programmer 7, Acting Chief of Information Standard and Security Section Computer System manage officer 7, Acting Chief of Computer System Opertion Section Director of Legal Affairs DepartmentDirector of Legal Affairs Act Section 2, Acting Director of Juristic Act Division Senior Chief of Juristic 1 Chief of Juristic Act Section Director of Contract Division Chief of Contract Section 1 Legal Officer 7, Acting Chief of Contract Section 2 Chief of Contract Section 3 Director of Litigation and Disciplinary Division Chief of Litigation Section Legal Officer 7, Acting Chief of Disciplinary Section Sorsrisuean Wedchasit Naraphinonta Jaidee Saksirinukul Coompanthu Name - Surname Name - Surname Name - Surname

Mr. Burin Thanasomboon Mrs. Chusilp Miss Siriporn Thanachirdsirikul Mr. Sikarn Prathomboon Miss Benjawan Lertpichitkul Miss Sattharat Kangwol Miss Wandee Olarphol Mr. Apisan Yodsuwan Mr. Surapong Rattanaphuwalux Mr. Manop Mr. Mana Vivatpong Mr. Sinart Mr. Phakphum Khanjanasatit Sarasalin Miss Cheerawan Mr. Jittichai Mr. Vichai Mr. Pisit Mr. Pakkapo Noppakunpong Thanarugh Mr. Pongsak Safety Occupational Health and Environment Off ifice Safety Occupational Health and Environment Off Information Technology Department

Legal Affairs Department Legal Affairs Department MANAGEMENT TEAM OF MRTA OF MRTA TEAM MANAGEMENT

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 62 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 63 ------3 1 4 2 2 4 2 2 4 4 4 - 3 4 4 18 39 62 38 18 98 49 16 496 184 701 287 275 701 701 512 428 273 701 Staff Employee Staff Employee Staff Employee Staff Employee 1 4 701 706 Qty. : Person ------1 1 1 1 1 1 1 1 Agreement Agreement Agreement Agreement Executive under Engagement Executive under Engagement Executive under Engagement Executive under Engagement Executive under Engagement (As of 30 September 2013) (As of 30 Age Gender Position Personnel Education

Lower than Bachelor’s Degree Bachelor’s Degree Master’s Degree Ph.D. Total < 25 25 - 34 35 - 44 45 - 54 > 54 Total Male Female Total Number of Staff Number of Employee Total Number of Executives under Engagement Agreement Number of Executives General Staff (Lower than Bachelor’s Degree) General Staff (Bachelor’s Degree and Above) Section Chief and Equivalent Division Director or Equivalent Department Director or Equivalent Assistant Govenor Deputy Governor Governor Total MAN-POWER OF MRTA OF MRTA MAN-POWER

MRTA has prepared a corporate plan for the fiscal years 2012 - 2016 as guidelines for the operation of the organization for the has prepared a corporate plan for the fiscal years 2012 - 2016 as guidelines for the operation MRTA MRTA first provided mass rapid transportknown as Line (formerly Chaloem Ratchamongkhon by opening the M.R.T. MRTA service Mass Rapid Transit Authority of Thailand or Mass Rapid Transit Authority of Thailand was established on 21 August 1992. Initially, this state enterprise under “MRTA” Business Condition and Operation Plan Operation and Condition Business

next five years, with the vision to become “a main organization which provides an effective and comprehensive mass rapid Line Project: Bang Yai- Bang Sue aims to complete the Purple transit service to improve the quality of life of the citizens.” MRTA passengers to 2016. It hopes to increase MRTA Section, which is 23 kilometers long, and to open it for service by the fiscal year aims to increase income from asset management, service, 350,900 passengers/line/day by 2016. As for other incomes, MRTA and related business to Baht 128 million/year by the fiscal year 2016. Apart from the goals in mass rapid transit business of the organization, such as has set other essential goals for a balanced and sustainable development and income, MRTA passengers’ travelling habits management service receiver satisfaction, various service consistent with the lifestyle and known and accepted by all sections, and transfer of the nation’s mass rapid transit knowledge, making the organization and skillful personnel, and playing an implementing of good international management system, engaging knowledgeable important role in improving the quality of life of the people. the Blue Line Project : Hua Lamphong - Bang Sue Section) in July 2004 with Bangkok Metro Public Company Limited (BMCL) 207,166 passengers/line in 2012 recorded 154,360 passengers/line and this increased to as the concessioner. In 2005, MRTA to the satisfaction survey conducted in 2012, (as of August), equivalent to an average of 4.49% increase per year. According income other than fare revenue. has been generating more 98% of the passengers were satisfied with the service. MRTA was Baht 98.49 million. revenue from the business, service and asset utilization In 2012, (as of end of August), MRTA’s the Prime Minister’s Office was called “Metropolitan Rapid Transit Authority.” Subsequently in 2000, it was renamed “Mass Rapid Mass Rapid Transit Authority of Thailand Act B.E. 2543 (2000). After the public reform in Transit Authority of Thailand” under the of the Ministry of Transport. was transferred to be under the governance 2002, MRTA

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 64 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 65 99.92 99.92 99.92 99.92 99.92 99.92 99.92 99.92 Target Percentage

99.97 99.71 99.86 99.95 100.00 100.00 100.00 100.00 2012 results (Oct 11 - Sep 12) Average Percentage of Operating Number of Passengers in Fiscal Year 2012 Oct. Nov. Dec. Jan. Feb. Jun. Jul. Aug. Sep. Mar. Apr. May 2011

Availability of the M&E Equipment Persons / month With regard to punctuality, the percentage of trains which arrived at the stations no more than two minutes earlier or later With regard to punctuality, the percentage of trains which arrived at the stations no passengers who used the M.R.T. In fiscal year 2012, (1 October 2011 - 30 September 2012) the number of the

With respect to provision of service, the daily maximum number of trains is 19 trains on weekdays and 14 trains on of trains is 19 trains on weekdays of service, the daily maximum number With respect to provision has determined the performance by key performanceMRTA obligation indicators (KPIs ) relating to the management 1.3 Number of Passengers and Revenue from Fare On 1 August 2000, MRTA entered into an Agreement for the M.R.T. Chaloem Ratchamongkhon Line with the Bangkok into an Agreement for the M.R.T. Chaloem entered On 1 August 2000, MRTA 1.1 System Operation Punctuality 1.2 Availability of the M&E Equipment and

MRT System Ticket Vending Machines Automatic Gates Elevators Escalators Platform Screen Doors Signalling System Power Supply System

MRTA’s Responsibility MRTA’s Operating Results of Mass Rapid Transit Projects under under Projects Transit Rapid Mass of Results Operating

than the schedule is 99.87% compared with the target percentage of 99.80%

Chaloem Ratchamongkhon Line Concession Operation of the M.R.T. 1. Operation of the M.R.T. Chaloem Ratchamongkhon Line the M.R.T. Chaloem Ratchamongkhon Operation of of 25 years. The operating of the MRT system for a period Limited (BMCL) as an investor and operator Metro Public Company as follows: results can be summarized the weekend and holidays. Chaloem Ratchamongkhon Line to be in accordance with the operation standard of concession agreement of the M.R.T. Ministry of Transport.proposed to the Ministry of Finance and the supervision of Therefore, the KPIs has become the targets for : the average operating results of BMCL compared with the targets are as follows BMCL’s operation. In the fiscal year 2011, Chaloem Ratchamongkhon Line were 76,425,879 in total, or on average 208,814 per day. Chaloem Ratchamongkhon Line were 76,425,879 in total, or on average 208,814 2012 2012 2012 Fare Revenue Collected in Fiscal Year 2012 Average Daily Fare Revenue Collected in Fiscal Year 2012 Average Number of Passengers in Fiscal Year 2012 of Passengers Average Number Oct. Nov. Dec. Jan. Feb. Jun. Jul. Aug. Sep. Mar. Apr. May Oct. Nov. Dec. Jan. Feb. Jun. Jul. Aug. Sep. Mar. Apr. May Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. 2011 2011 2011

Baht/month Baht/month Persons / Day Persons / With regard to revenue from fares, Bangkok Metro Public Co., Ltd. (BMCL) received a total fare revenue of Baht 1,823,281,420 Metro Public Co., Ltd. (BMCL) received a total fare revenue of Baht 1,823,281,420 With regard to revenue from fares, Bangkok or an average of Baht 4,981,643 per day, partor an average of Baht 4,981,643 per day, baht (excluding of which is apportioned in the amount of 17,208,888 to MRTA VAT).

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 66 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 67 2012

Revenue from Fare Allocated to MRTA in Fiscal Year 2012 (Excluding VAT) MRTA in Fiscal Year Fare Allocated to Revenue from Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. 2011

Baht/month Remark: In October - November 2011, there was a major flood. Remark: In October - November 2011, there The Agreement of the M.R.T. Chaloem Ratchamongkhon Line between the Bangkok Metro Public Company Limited The Agreement of the M.R.T. Chaloem by 8 Banks in 18 stations; 160 Automatic Teller Machines (ATMs) (2) ATM: Happy Coupon in total of 9 machines within 8 stations; (3) Discount coupon machines by Thai (4)True Kiosk by True Money Co., Ltd. in total of 32 machines inside 18 stations; Station,Phaholyothin Station, (BMN) in 4 stations namely Sukhumvit Co., Ltd. Metro Networks shops by Bangkok (5) Retail (7) Advertisement Limited (Ambient) in 17 trains; on handgrips provided by Ambient Media Company (8) Other commercial development activities : Photo Advertisements in all stations and trains, advertisements on tickets development, received Baht 24,140,304.62 from BMCL as remuneration from commercial In the fiscal year 2012, MRTA 1.4 Commercial Development and Revenue

(BMCL) and the Mass Rapid Transit Authority of Thailand (MRTA) granted BMCL an exclusive right to undertake of Thailand (MRTA) commercial (BMCL) and the Mass Rapid Transit Authority revenue. BMCL apportionedactivities and generated commercial development development the revenue from commercial activities in the fiscal year 2012 (as of 31 September 2012) are as follows: The details of BMCL commercial development to MRTA. Corporation Public Co., Ltd. ) in 18 stations; (1) TRUE Public phone: 101 public coin machines of True Public Communications Co., Ltd. (Formerly known as True Kamphaeng Phet Station and Chatuchak Park Station; (6). Advertising & public relations by Bangkok Metro Network (BMN) in 18 stations and inside the trains; and other spaces. Baht 5,448,715.71; (2) revenue from annualconsisting of (1) allocated commercial development revenue amounting to remuneration amounting to Baht 18,691,588.92.

Ride optical an connecting Park & to 5) a leased and hall nursery; Station:

to a May. Phrao Ride at Thailand Cultural Centre Station, leased Lad at Park & Ride mezzanine Park & Station: 9-Storey Center 1) Cultural buildings: five Thailand at Ride at Lat Phrao Station and the 3-storey following Unit: Baht Ride the Use of MRTA Space Parking space service in Park & Kamphaeng Phet Station Park & Lease of kiosks and toilets in

Use of real estate along M.R.T. space storey out Chaloem Ratchamongkhon Line Project 4) 3 - leased Ride at eight stations namely Ratchadapisek Station, Huai khwang Station, Thailand Cultural Centre Station system; During the fiscal year 2012, MRTA generated Baht 97,546,461.23 revenue from sources other than from the Chaloem than from the other sources revenue from Baht 97,546,461.23 generated the fiscal year 2012, MRTA During Park & 2.3 Revenue from Parking Service 2.4 Revenue from lease of Kiosk space and Toilets at Kamphaeng Phet Station 2.4 Revenue from lease of Kiosk space and Toilets at Kamphaeng Phet Station 2.2 Revenue from using real estate along the M.R.T. Chaloem Ratchamongkhon Line 2.2 Revenue from using real estate along 2.1 Revenue from MRTA’s Permit 2. Revenue from sources other than from the concession under the contract on the M.R.T. Chaloem

MRTA has provided 10 parking lots along the M.R.T. Chaloem Ratchamongkhon Line including two center; 2) 2-floor multi-purpose building at Lat Phrao Station for the Bangkok Convention and Seminar Center; 3) 1 - storey at Lat Phrao Station for the Bangkok Convention and Seminar Center; 3) 1 center; 2) 2-floor multi-purpose building and Station leased to a physical therapeutic center specialized in joints, muscles multi-purpose building at Ratchadapisek nervous room for a Italian restaurant and and Exchange teller; lease of glass building at Sukhumvit Station: leased to install ATMs Dunkin’s Donut. All of these generated Baht 11,169,518.18 revenue. MRTA has expropriated the land of the State Railway of Thailand at the Chatuchak Weekend Market in order to has expropriated the land of the State Railway of Thailand at the Chatuchak Weekend MRTA construct the M.R.T.affected by the has built kiosks for vendors Line on which the MRTA Chaloem Ratchamongkhon expropriation. Up to 210 kiosks and two toilets were built on the empty plots of land after civil works were completed, thereby during fiscal year 2012 generating Baht 16,275,569.57 lease revenue for MRTA buildings, namely the 9-storey and (1st Entrance-Exit and Ratchadapisek Area Soi 6), Petchaburi Station, Sukhumvit Station, Queen Sirikit National Convention from parking fee is Baht 49,239,143.71. Centre Station and Samyan Station with the total capacity of 2,951 cars. The revenue MRTA MRTA received many requests Depot as entrance-exit, parking area, advertisingRatchamongkhon Line and the Huai Khwang kiosk, event space, temporary for utilizing different plotsestate filming site, etc., generating a total revenue of Baht 20,862,229.77. space, connecting way to private real of land and buildings along the M.R.T. Chaloem Ratchamongkhon Line’s concession as follows: Ratchamongkhon Line’s concession as Ratchamongkhon Line. Ratchamongkhon

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 68 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 69 Ride buildings to guard, monitor, and ensure safety at the stations and Park & Provide 4 rescue teams: during normal circumstances, the rescue team will supportProvide 4 rescue teams: during normal monitoring, the security team in Security guard team responsible for the following 5 main tasks : responsible for the following 5 main tasks Security guard team Ride; MRTA has set up a team of security and rescue personnel to monitor and ensure safety for the M.R.T. system 24 hours a system 24 hours a safety for the M.R.T. monitor and ensure personnel to of security and rescue has set up a team MRTA MRTA Regulations for security and rescue teams to conduct in the normal situation and emergency situation are formulated Regulations for security and rescue teams to conduct in the normal situation and emergency MRTA appropriate to the circumstance and The number of security and rescue personnel assignment will be as considered equipment can be classified into 2 types as follows: The preparedness of MRTA inspecting and securing the area and in an emergency case, the security team will supportinspecting and securing the area and in to stop the incident. the rescue team has analyzed the risk factors which may have impact on operation MRTA With respect to security and rescue operation, goals such as : - (1) which circumstance for provision of service such as terrorist acts, crimes/sabotage, risk concerning dangerous is has manage this risk, MRTA the limit specified such as, protest, seizure or closure of stations, etc. In order to higher than belongings of in form of control activities to reduce the possibility of the risk by checking measures safety implemented and search for explosives or suspicious objects within secluded area and high risk area, passengers, using sniffer dogs (K-9) to inspect response to reduce impact of incidents, etc. and providing practical training on emergency (2) units such as Operation Department manages this risk with BMCL and relevant MRTA disaster, MRTA in the case of natural and Business and Asset Management Department, and carries out by preparing an emergency response plan in case of flood focuses on drills in accordance with order to minimize the impact of incidents, MRTA drills, and monitors the flood closely. In with the concessionaire hold joint drills by inviting relevant third practice. Also, MRTA annual training plans both of theory and parties within the area, fire fighter units, medical aid units, etc, to join the drill. such as police stations in accordance with the Quality Management Systems ISO 9001-2008 based on 5 regulations as follows: (1) Operation Regulation: Readiness before operation; (2) Operation Regulation: Security guards’ operation in normal situation; (3) Operation Regulation: Rescue teams’ operation in normal situation; (4) Operation Regulation: Emergency Response; and rescue systems. (5) Operation Regulation: Survey on M.R.T. Passengers satisfaction on the security Also, relevant tools and equipment are organizations. Intelligence Agency and other intelligence from the National information prepared to be deployed around the clock. torchlight, baton, shotguns, transceiver, (1) Staff of each shift must inspect the security and rescue equipment such as etc., to ensure that they are ready for use before starting each shift. the next shift of security and rescue teams before shift switching. (2) Unit equipment such as cars, fire engines, X-Ray Machine for screening suspicious objects, etc, must be checked for Park & suspicious objects (K-9) to inspect and search explosive detection personnel with sniffer dogs (2) Team of explosive system ; within the area of M.R.T. of M.R.T. system; suspicious objects within the area Disposal (EOD) Security Team who identify (3) Explosive Ordnance and prevent unauthorized access; who patrol the zone of M.R.T. system (4) Patrol Security Team matters including and communicate on security and rescue Phasutha Radio Center who coordinate (5) Security Team at area. emergency occurred in the M.R.T. system - and Rescue 3. Security shift, as follows : shift and night i.e. day shift, afternoon day in 3 shifts, - (1) Security teams at the 18 stations and 2

. The main operations are piling work of stations and railway, portal. The main operations are piling work of stations frame, work programme of I-Girder of stations, structure work of ticket booth level and platform level, installation of track segments, and construction of I-Girder of stations, structure work of ticket

(2) Obscene action: 3 cases (2) Obscene injury: 1 case against life or causing (3) Offences

MRTA held an auction for trackwork. There were two bidders, namely Italian-Thai Development PCL and Sino-Thai and ASA held an auction for trackwork. There were two bidders, namely Italian-Thai Development MRTA Contract No.6 : Trackwork MRTA signed Contract No.3 with the PAR Joint Venture as the civil works contractor on 26 January 2010 for the total cost of January 2010 for the on 26 works contractor Venture as the civil Joint with the PAR Contract No.3 signed MRTA MRTA Signed Contract No.2 with Sino-Thai Engineering and Construction PCL as the civil works contractor on 20 January Signed Contract No.2 with Sino-Thai Engineering MRTA Contract No.2 : Western Elevated Structure (Phra Nang klao Bridge - Bang Yai) Contract No.2 : Western Elevated Structure MRTA selected a private organization to invest in the Purple Line Project: Bang Yai - Tao Poon Section. There were two Poon Section. selected a private organization to invest in the Purple Line Project: Bang Yai - Tao MRTA However, all incidents were successfully concluded by MRTA security staff. were successfully concluded by MRTA However, all incidents In the fiscal year 2012, adverse incidents occurred in the M.R.T. area were : in the M.R.T. area incidents occurred year 2012, adverse In the fiscal MRTA signed Contract No.1 with CKTC Joint Venture as the civil works contractor on 26 August 2009 for the total cost of Baht on 26 August 2009 for the total cost CKTC Joint Venture as the civil works contractor signed Contract No.1 with MRTA Contract No. 1 : Eastern Elevated Structure (Bang Sue - Phra Nang klao Bridge) Elevated Structure (Bang Sue - Phra Contract No. 1 : Eastern The construction of the project as at September 2012 was 50.14% completed, compared with the planned 51.28%. The 50.14% completed, compared with the the project as at September 2012 was The construction of Contract No. 4: Bang Yai - Tao Poon Section 1. Civil Works Construction Selection of the Private Sector to Invest in the M&E System and O&M Service 2. Joint Ventures. As required by the Loan terms and conditions, MRTA sent the technical tender consideration result to JICA for sent the technical tender Joint Ventures. As required by the Loan terms and conditions, MRTA therefore opened the price tender PCL. MRTA their consideration. Passed JICA’s technical requirements Italian-Thai Development envelope on Board of Directors price of Baht 4,142 million. MRTA 29 May 2012. Italian-Thai Development PCL quoted the to hire Italian-Thai Development PCL as the meeting on 19 July 2012 resolved to approve the tender result and approved million. The selection result was subsequentlycontractor for trackwork under Contract No.6 with construction limit of Baht 3,585 proposed to the Cabinet.

Baht 5,025 million. The PAR Joint Venture commenced the construction on 1 March 2010. The progress of works was 23.45%, or Joint Venture commenced the construction on 1 March 2010. The Baht 5,025 million. The PAR floor, works of the maintenance center for each foundation and piling are concrete 0.51% behind schedule. The main strutures improvement of design of Park & Ride building at Yaek Nonthaburi 1 Station, piling works of Park & Ride building at Sam Yaek Bang Yai Station. 2010 for the total cost of Baht 13,100 million. Sino - Thai Engineering and Construction PCL commenced the construction on 1 the construction PCL commenced and Construction - Thai Engineering Sino 2010 for the total cost of Baht 13,100 million. bridge or 2.62% behind schedule. The main structures under construction are one March 2010. The progress of work was 51.27%, across structures installation roof structures for 18 stations, stairs and escalators, assembly of metal the river, foundation and works, of rooms in the stations and bricks and mortar works molding of railway structure parts and their installations, portal frame, and installation of parapets. Contract No.3 : Depot and Park & Ride Building

of stairs and escalators. bidders namely Bangkok Metro PCL (BMCL) and Bangkok Mass Transit System PCL. (BTSC) bidders namely Bangkok Metro PCL (BMCL) and Bangkok Mass Transit System PCL. BMCL audited price tender is Baht 93,762 million, with current value of Baht 36,823 million, and BTSC audited tender of proposed Baht 109,280 million, with proposed the negotiation resultscurrent value of Baht 42,714 million. The sub-committee on price negotiation to the

The implementation of the Purple Line Project: Bang Yai - Bang Sue Section Bang Yai - Bang Sue of the Purple Line Project: The implementation

(1) Offences against properties (1) Offences 12 cases the Criminal Code: under

installation 14,292 million. CKTC Joint Venture commenced the construction on 10 November 2009. The progress of operation was 58.21%, the construction on 10 November 2009. The progress of operation was 14,292 million. CKTC Joint Venture commenced (as at September 2012) in Line with the

progress of each construction contract is as follows: progress of each construction

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 70 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 71 Contract 2

Contract 3

Contract 1

At the meeting on 16 November 2010, the Cabinet resolved to approve the selection of the private sector to approve the selection of the private November 2010, the Cabinet resolved At the meeting on 16 for investment Contract 5: Tao Poon - Bang Sue Contract 5: Tao Poon to conduct furtherof train MRTA studies on laws, advantages-disadvantages in Bang Yai - Tao Poon Section and ordered result to the cabinet for consideration. The Ministry of Transportoperation models options to propose the ordered to take was into consideration the opinions Office of the National Economics and Social Development of the Board and Office of the Council as observations of the Ministry of the Purple Line Project: Tao Poon - Bang Sue Section as well operation concerning State of has complied with the cabinet resolution by conducting In this regard, MRTA of Finance and the Bureau of the Budget. of private organization for investment and submit it to the Ministry of Transportcomparison study on the selection criteria for Cabinet, Subsequently, the Ministry of Transport to include the opinions consideration prior to proposing it to the ordered MRTA of the Transport consultants for Policy and Planning Office in the report. has sent such opinions to BBML and Traffic MRTA consideration and execution. Committee on Selection of Investment by the Private Sector for consideration. The Selection Committee requested for more for more Committee requested The Selection Sector for consideration. by the Private on Selection of Investment Committee Bank (ADB) Asia Development by BBML consultants, item price proposed and analyse each in order to compare information reduce the price with BMCL to Committee negotiated 2012, the Selection meeting on 11 July (BMCL). At the and the bidder privileges that if BMCL is granted and rates, and VAT) interest rates, profit financial expenses, million (excluding to Baht 66,315 by the Investment Promotion Committee, it the price would reduce further by Baht 325 million, whose final price would be Baht 65,990 million (excluding 2012, the In this regard, on 13 September and VAT). expenses, interest rates, profit rates, financial rules. At the meeting and adjusted the draft contract and with BMCL to bargain the price negotiated Committee Selection selection report the Selection Committee drafted the on 25 September 2012, in accordance with previous with adjustments to the Cabinet. meetings prior to submission of the civil works construction of the project is 23.61%, which can be summarized as follows: of the civil works construction of the project

as at September 2012

The progress MRTA signed Contract No. 4 on 17 February 2011 with Sino - Thai Engineering and Construction PCL as the civil works contractor PCL as the civil works - Thai Engineering and Construction 4 on 17 February 2011 with Sino No. signed Contract MRTA Contract No.4 : Construction of Elevated Structure: Tha Pra-Lak Song Section Contract No.3: Construction of Elevated Structure: Tao Poon-Tha Pra Section MRTA signed the Contract No. 2 on 17 February 2011 with CH. Karnchang PCL as the civil works contractor with total signed the Contract No. 2 on 17 February 2011 with CH. Karnchang PCL as the civil MRTA MRTA signed Contract No.1 on 17 February 2011 with the Italian-Thai Development PCL as the civil works contractor with signed Contract No.1 on 17 February 2011 with MRTA 2. Civil Works Construction MRTA has surveyed and estimated the preliminary price of immovable properties has surveyed and estimated the preliminary price to be expropriated and made agreement MRTA MRTA issued an announcement on 19 March 2012 inviting interested consultants to obtain consultant procurement procurement to obtain consultant interested consultants 2012 inviting on 19 March issued an announcement MRTA 1. Land Acquisition with total cost of Baht 13,335 million, commencing construction on 4 April 2011 and the progress as at September 2012 of works works as at September 2012 of progress the with total cost of Baht 13,335 million, commencing construction on 4 April 2011 and The main structures was 11.38%, compared with 20.57% in the work programme, or 9.19% behind schedule. are coordination for

MRTA signed Contract No.3 on 17 Febuary 2011 with the SH-UN Joint Venture as the civil works contractor with total cost of as at September 2012 of works was 19.34%, Baht 11,285 million, commencing the construction on 4 April 2011 and the progress main structures are public utility relocation on compared with 24.81% in the work programme, or 5.47% behind schedule. The Charan Sanitwong Road, construction of new kitchen for Quartermaster General School, construction of one bridge across of foundation at Bang Or and Charan Chao Phraya River, piling and structure works at Bang Yikhan Station, construction Bang Plad Station, and Charan Sanitwong 13 Sanitwong 13 Stations, piling works for railway in Bangpho for Sirinthon Station, Station, and molding and installation of segment. cost of Baht 10,688 million, commencing the construction on 4 April 2011, the progress as at September 2012 of works was cost of Baht 10,688 million, commencing the construction on 4 April 2011, the The main operations are archaeological 29.87%, compared with 29.91% in the work programme, or 0.04% behind schedule. site at Sanam Chai and Isaraphap Stations, excavation, removal of existing buildings and public utility in the construction of field office in the cut and cover area. construction of diaphragm walls at Sanam Chai Station, and construction total cost of Baht 11,441 million, commencing construction on 4 April 2011 and the progress of works was 24.44%, compared construction on 4 April 2011 and the progress of works was 24.44%, compared total cost of Baht 11,441 million, commencing behind schedule. The main structures are public utility relocation at Wat Mangkorn with 31.59% in the work programme or 7.15% of ground improvement using cut and cover method, tunnel boring and molding Kamalawat and Wang Burapha Stations, tunnel parts. Contract No.2: Construction of Underground Structure: Sanam Chai-Tha Phra Section Contract No.1: Construction of Underground Structure: Hua Lamphong-Sanam Chai Section

The Implementation of the Blue Line Project: Hua Lamphong - Bang Kae and Bang Sue - Hua Lamphong - Blue Line Project: of the The Implementation Tha Phra Sections The Implementation of the Purple Line Project: Tao Poon – Rat Burana Section Poon – Rat Project: Tao the Purple Line of The Implementation with the property amounting to the compensation for 927 plots of land out of 960, and 672 buildings out of 700, owners for Out of these, 442 buildings have been demolished and debris have been removed compensation of Baht 4,447.90 million. progress as at September 2012 of the operation was 96.68%, or 3.14% behind schedule. from the land along the project line. The document in order to review the feasibility study, project design, and prepare tender documents, and comply with Private and comply prepare tender documents, project design, and the feasibility study, in order to review document Participation in State Undertaking Act B.E. 2535 (1992) for the third time. MRTA set the deadline date for submission of tender Consultants and group companies led by Asian Engineering were two bidders, namely consulting by 5 June 2012. There the technical tender Engagement Committee evaluated led by Tesco Co., Ltd. The Consultant consulting group companies the price tender envelope tender. The Committee then opened found that Tesco had better technical of both bidders and At the meeting on 20 VAT). 137,612,272 (including whose the final price was Baht negotiated with Tesco of both groups and group led by Tesco Co., Ltd. as MRTA to engage the consulting resolved to approve MRTA Board of Directors August 2012, MRTA an agreement on 27 September 2012. consultant and executed

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 72 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 73 2 4 Contract Contract

As at September 2012 the consultants ave being selected. 3 1 Contract Contract

Contract No. 5 : Trackwork Contract No. total with contractor work civil PCL as the CH. Karnchang with 2011 on 17 February no. 5 the contract signed MRTA In the meeting on 1 May 2012, the Cabinet passed a resolution approving the limit of consulting fee for management and 4. Selection of M&E investor and system operator Line Project in the Blue sector invest the private approved in principal to let 2010 on 28 December resolution The Cabinet 3. Selection of Project Management Consultant and Construction Supervision Consultant 3. Selection of Project Management Consultant and Construction Supervision

service fee of Baht 265.399 million and supervision supervision of mass rapid transit project, which consisted of management consulting consulting service fee of Baht 400.043 million.

public utility relocation, construction of foundation for railway and stations, piling works for railway, piling bore works, for Park railway, piling bore piling works for for railway and stations, of foundation relocation, construction public utility & Ride building 1, and piling test work for Park & Ride building 2 and Depot. 50.41%, compared with April 2011 and the progress of works was commencing construction on 4 cost of Baht 4,999 million, and railway pattern, The main structures are designing rail system or 1.98% behind schedule. 52.59% in the work programme third rail and fastener. and constructing warehouse for storing and Installation Reference Drawing (MIRD), designing Manufacture and appointed “Committee on Selection of Private Organization to Invest in M&E system and O&M service the Blue Line Project: Hua Lamphong - Bang Khae and Bang Sue - Tha Phra Sections.” Relevant units have appointed representatives to join the has presented the results comparing advantages - disadvantages of train operation committee. As at September 2012 MRTA to use the single-operator method by directly options to the Committee for consideration. However, BMTC consultant proposed to the method for the Green Line Extension, negotiating with the existing service provider (BMCL). Since this may be similar model of the Green Line therefore coordinated with BTSC in order to consider technical details of the operation Project, MRTA with BMCL. Project and included this information to the Selection Committee for negotiation

to Section Bearing project for

Khot the (1992). and of Khu 2535 million results Mai - B.E. 558 Pan Baht Sa analysis of the Undertaking Chit - Mo amount report State in the and in Project: system Line Section Participation Khot Green system. of M & E Khu the Private M&E for the for Mai - on supervision Pan (1992) Act Sa and consultant the 2535 of Chit - B.E. Mo excluded section 8 management Project: which for Undertaking under Line fees State works, in Green civil specified of the as for engagement Participation

(NESDB) system supervision

Awaiting Royal Decree Prescribing Land to be Expropriated. MRTA issued a letter dated 23 June 2012 proposing project analysis report and consulting fee limits to Ministry of TransportMRTA for further On 10 September 2012, The Ministry of Transport the Green Line Project to ensure its held a meeting to discuss matters concerning MRTA has surveyed and estimated the preliminary price of immovable properties to be expropriated and made agreement MRTA The MRTA Board of Directors meeting on 17 May 2012 passed a resolution approving the revised report Board of Directors meeting on 17 May 2012 under the Act on the The MRTA MRTA executed an agreement with Tesco MAA consulting group on 13 November 2009 to engage Tesco for consultation for consultation 2009 to engage Tesco on 13 November MAA consulting group with Tesco executed an agreement MRTA 1.Proceed to Study the Private Participation in State Undertaking Act for the Green Line Project : 1. Land Acquisition

The Implementation of the Green Line Project: Bearing - Samut Prakarn Section The Implementation of the Green Line Project: Bearing 2. Land Acquisition submission to NESDB. review the investment and train operation models.Tesco passed a resolution that MRTA consistency with present conditions. The meeting which24 September 2012 proposing the result of review of investment and operation models MAA (the consultant) issued a letter dated principle that the governmentThe PSC Modified Gross Cost would be the sustable option. PSC is defined as the investment that concluded for allocation of revenue in addition to the private sector in train operation and mainteinance with bonus engage and whole in invest be proposed was being gathered to additional information at the date, present, as At option. suitable upon is already agreed what is Board’s approval and submission to The Ministry of Transport.to MRTA

Operation of the Green Line Project: Mo Chit – Sa Pan Mai Section Mo Chit – Line Project: of the Green Operation with the propertyout of 102, and 33 buildings out of 37, amounting to the owners for compensation for 84 plots of land and debris have been removed from compensation of Baht 1,008.66 million. Out of these, 34 buildings have been demolished 6.55% behind schedule. the land along the project line. The progress of the operation is 93.45%, which is Private

in preparing the analysis report under the Act on the Private Participation in State Undertaking B.E. 2535 (1992). The consultant reportprepared the analysis between PPP Gross Cost and PPP compare investment and operation models for the project and Directors and the Transport Board of The consultant also included in the reportModified Gross Cost. the opinions of the MRTA of Transport, held a meeting with the Ministry 2011, MRTA Planning Commission Office. On 25 November and Traffic Policy and Transport the report Office, and consultants and revised and Traffic Policy and Planning Commission The meeting once again. also supported proposal to increase consulting fees for management and supervision of M&E system together with the revised management the only for consultants toengage report 2008 which approved MRTA the cabinet meeting on 27 November per and Mo Chit – Sa Pan Mai Section and Bearing – Samut Prakarn Section – Samut Prakarn and Bearing – Sa Pan Mai Section Mo Chit and Bearing - Samut Prakarn - Bang Pu Section, it also approved the limit for consulting fees on the operation and supervision of it also approved the limit for consulting fees on the operation and supervision and Bearing - Samut Prakarn - Bang Pu Section, M&E to propose the limit for Baht 287 million. The Board of Directors also requested MRTA - Samut Pakarn Section in the amount of consulting the Ministry of Transport part as a and Social Development of the proposal for submission to the Office of the National Economics Board

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 74 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 75 M&E system) of choices (comparing project the of study feasibility of review and study Phase 1 phases: two into divided

study The Review of Feasibility Study, Project Design Adjustment, and Preparation of Tender Document Review of Feasibility Study, Project Design Team Consulting Engineering and Management Co., group companies led by to engage consulting executed an agreement MRTA MRTA executed an engagement agreement with GBSC consulting group as project consultant on 28 February 2012 for the total executed an engagement agreement with GBSC consulting group as MRTA Board of Directors passed a resolution to acknowledge the results of the review of feasibilityIn the meeting on 17 May 2012, the MRTA study, 3. Selection of Project Consultant The progress of each construction contract as of September 2012 is as follows: September 2012 is as contract as of of each construction The progress 1 : Elevated Structure Contract No. for the total cost of 23 December 2011 works contractor on PCL as the civil No.1 with CH. Karnchang signed Contract MRTA Contract No.2: Trackwork bidders. were purchased by nine prospective to 31 July 2012. The tender documents held an auction from 29 June MRTA Operation of the Pink Line Project: Khae Rai – Min Buri Section Operation of the Pink Line Project: and preparation of tender document for the Pink Ltd. as the consultant for the review of feasibility study, project design adjustment, 2012. Service is scheduled to begin on 1 February Line Project: Khae Rai - Min Buri Section for the cost of Baht 34.2 million on 12 January 2012. cost of Baht 603,605,190.00 and operation is scheduled to commence on 1 March 2012, totaling 55 months of operation under the agreement. cost of Baht 603,605,190.00 and operation is scheduled for the period of three months; and Phase 2 improve project design and preparation of tender documents for a period of three months. on The consultant submitted report study of the project to compare heavy rail and mono rail systems to MRTA on review of feasibility will use straddle monorail system, with investment 30 April 2012. It was concluded that the Pink Line Project: Khae Rai - Minburi Section limit at the start with the economic internal rate of return (EIRR) of approximately 18.5%. of the project of Baht 54,000 million Khae Rai - Min Buri Section (Phase 1: the study and project design adjustment and preparation of tender documents for the Pink Line Project: review of project feasibility study (comparing choices of M&E system) requiring MRTA to present the result to the Ministry of Transport also passed a Board of Directors result. The MRTA for acknowledgement, and expedite project implementation in accordance wilh the Board of Directors and coordinate with the Transport Traffic Policy take into consideration opinions of MRTA and resolution that MRTA and Planning Office regarding maintenance system and rail system management as a whole by all relevant units to achieve the highest consultant to proposed the result to the Ministry of Transport has allowed the At present, MRTA efficiency. MRTA on 30 May 2012. start for the selection of contractor and/or preparation of tender documents for Phase 2 work (preparation of tender documents of contractors and/or private organizations to selection of service provider for train operation and maintenance and selection participate was held to gather opinions on 25 September 2012. The consultant has submitted in the project) from 2 July 2012. A seminar all reports review by MRTA. and documents which at present are under

Construction 2. Civil Work was 1.73%, compared with March 2012. The progress of operation commencing the construction on 1 Baht 14,088,600,000.00. of office equipment and The main works were field office, delivery or 0.08% behind schedule. 1.813% in the work programme, area adjustments and and piling works around Erawan Station, the environment, pile load test, survey equipment, monitoring and relocation of public utility, the Depot, coordination with relevant agencies piling works around construction. signs and signs suggesting routes to avoid installation of warning by 1 October 2012. were required to submit their tender The interested bidders time) rd

Design Adjustment, and Preparation of Tender Documents Project , Feasibility Study

On 19 March 2012, MRTA issued an announcement inviting consultants to obtain consultant procurement documents (3 On 19 March 2012, MRTA issued an announcement inviting consultants to obtain consultant e Adjustment, and Preparation of Tender Document and Analysis under the Act on Privat Review of Feasibility Study, Project Design in the meeting on 20 December 2011 allowing a MRTA to engage a consulting groupMRTA Board of Directors passed a resolution Engagement of Consultant for Review of

and specified that proposals were to be submitted by 5 June 2012. There were two bidders, namely consulting group companies and specified that proposals were to be submitted by 5 June 2012. There were two led by Team Consulting Engineering and led by Asian Engineering Consultants Co. Ltd. and consulting group companies tender of both bidders and found that Management. The Consultant Engagement Committee evaluated the technical opened the price tender envelope of both Asian Engineering Consultants had better technical tender. The Committee then final price of Baht 162,208,790 (including VAT). groups and negotiated with Asian Engineering Consultants and concluded the Subsequently at the meeting on 30 August 2012, MRTA Board of Directors resolved to approve MRTA to engage the consulting for the Yellow Line Project as proposed by MRTA. Co. Ltd. as MRTA consultant group led by Asian Engineering Consultants However, since the rules of creation of encumbrances across fiscal years stipulate that the Bureau of the Budget considers 5 September 2012 requesting the Bureau the price of engagement prior to execution of contract, MRTA issued a letter dated issued a letter date 28 September 2012 of the Budget to consider the fees for the consultant. The Bureau of the Budget 146,959,600 (including VAT). suggesting that the price for engagement of consultant be decreased to Baht

Operation of the Yellow Line Project: Lat Phrao – Samrong Section Operation of the Yellow Line Project: Lat Phrao – Samrong

Participation in State Undertaking B.E. 2535 (1992). design adjustment and preparation project Study, Feasibility as the consultant to review the companies led by MAA Consultant Co., Ltd. the Act on Private Participationof tender documents and operation under in State Undertaking B.E. 2535 (1992) for the Orange Line work MRTA executed the agreement on 15 March 2012 and the consultant commenced Project, whose fee is limited at Baht 208,900,380. in January 2013. on 2 April 2012, which is expected to be complete Operation of the Orange Line Project: Taling Chan – Min Buri Section Operation of the Orange Line

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 76 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 77 - was Award and recognition according to the state enterprise appraisal by the Ministry of Finance in 2012, MRTA As a result of expense saving in the fiscal year 2012, MRTA operating expense was lower than the limit specified by year 2012, MRTA As a result of expense saving in the fiscal As of 30 September 2012, total number of staff members at MRTA was 706. was 706. MRTA 2012, total number of staff members at As of 30 September strengthening strategy as follows: determined the organization MRTA by changing and increasing starting1. Employee Motivation improvement of working salary and salary structure, by improving existing benefits and adding new benefits consistently, considering2. Employee Engagement Management undertaking3. Promotion of organization culture by a working culture promotion project under the supervision of up-to-date, clear, concise and appropriate, in order to create has improved the rules to be 4. Ethics and Rules : MRTA

3.Management Expenses per Number of MRTA staff members 3.Management Expenses 2.Key Performance

1. Human Resources Management 4.Outstanding Performance awarded an Outstanding State Enterprise for in Human Resource Management,” the “Outstanding Organization Development Prime Minister and Minister of Finance in first of its kind ever given. The award was granted by Mr. Kittirat Na Ranong, Deputy the Outstanding State Enterprise Ceremony 2012 “Thai the New Frontier.” State Enterprise: Toward to limit was able should not exceed Baht 0.724 million per year. MRTA expense per staff of MRTA TRIS. who suggested that MRTA such expense to Baht 0.653 million per person per year.

1.Basic information. method for human resources management such as technology assisted procurement, environment, development of process and and research on guideline to happiness creation within the organization, research direct reimbursement at some hospitals, engagement, and reportdetermination of guideline for employee the results to the management for decision. Regulation on Aid for Disaster Victims, to promoting increasing other benefits apart from salary such as preparing MRTA to stay with the organization. motivation and incentives for employees in order to change behavior, including promoting of desired behaviors, high level executives, committee consisting of MRTA and employee of the year award program, etc. transfer of knowledge to staff members employees to acknowledge the rules and regulations so that they can implement understanding and fairness, and encourage them smoothly. General Administration Summary of MRTA Performance for the Fiscal Year 2012 Year for the Fiscal Performance of MRTA Summary

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management through information system; on the employee satisfaction in internal 1) Employee survey year 2012. employee for the application for prospective MRTA 2) Provision of online Improvement/development of work process in human resources of work process in human resources Improvement/development 2. Human Resources and Work System Development and Work System 2. Human Resources the importanceinto account was prepared, taking Development Plan 2012 1. Human Resources of participationhuman in 2. Individual Development Plan (IDP) carried out by the senior level staffs to develop their subordinates in the form of out by the senior level staffs to develop their subordinates in the form 2. Individual Development Plan (IDP) carried 1. Talent Plan: MRTA conducted preliminary studies in order to define criteria for selection, recruitment guidelines, and conducted preliminary studies in order to define criteria for selection, 1. Talent Plan: MRTA human resources development plan. design training and talent development plan to be used as a guideline for future Development Plan (IDP) to provided knowledge in preparing an Individual 2. Individual Development Plan (IDP): MRTA heads of divisions, consisting of six steps, as follows: (1) set desirable ability standards; (2) assess the ability of the employees; (3) determine personnel development tools; (4) develop an individual plan; (5) explain development plans to our staff; and understanding and skills in preparing (6) monitor and evaluate employee development, so that executives have greater effective Individual Development Plans for their subordinates. 3.Human Resources Work System Development 3.Human Resources Work Non - Classroom Training. The Corporate Plan for the fiscal year 2012-2016, defines the achievement indicators and targets Training. The Corporate Plan for the fiscal year 2012-2016, Non - Classroom in the in the organization at 80 percent. By evaluating the Core Competency using the ratio of competent human resources specified staff according to the corporate standard was 94.13% which met the goal year 2012, the percentage of competent 2012.under the Corporate Plan for the fiscal year 1) Core Competency 2) Managerial Competency 3) Competency Functional Competency/ Technical 4) Orientation 5) the goal of the human resources development in terms of operation achieved Organization Development, MRTA plan, the government sector, consistent that 90% of all personnel must pass the training and anti-correction plan for which specifies Corporate Plan 2012-2016. In in human resources management 2012 and MRTA with State Enterprise Assessment (TRIS) result under human resources development plan under the operation plan 2012. 2012, 97% of staffs passed the trainings

- resources management by all units, using competency as a guideline in designing courses, or competency based training a guideline in designing courses, or competency by all units, using competency as resources management the Guide (CDG). Also, training needs assessment was carried out in Line with under clear Competency Development carried out five projects as follows: and executive policy. MRTA government’s policy, organization development, -

MRTA achieved all 18 goals of operation goals. 6 risks was terminated and 36 to an risks reduced acceptable level, MRTA In this fiscal year MRTA analyzed, assessed and reviewed risks by determining Risk Appetite and Risk Tolerance both by analyzed, assessed and reviewed risks by determining Risk Appetite In this fiscal year MRTA Risk management in the fiscal year 2012 was based on operation objectives and goals according to the Corporate Risk management in the fiscal year 2012 was based on operation objectives 3. Risk Management MRTA executed the Memorandum of Agreement on Performance executed the Memorandum of Agreement of of State Enterprise for the year 2012, consisting MRTA 2. Management Strategy MRTA has revised and improved the Corporate Plan for the fiscal year 2012-2016 to be up-to-date and prepared an has revised and improved the Corporate Plan MRTA 1. Plan Corporate 2.Vehicle Management: MRTA provides a total of 78 cars for MRTA executives and staff for field operation along the project executives and staff a total of 78 cars for MRTA provides MRTA 2.Vehicle Management: 1.Landscaping: MRTA carried out improvement of landscape around the buildings, including ponds, health garden, and health garden, and including ponds, around the buildings, of landscape out improvement carried MRTA 1.Landscaping: 3. Management of Premises and Vehicles and of Premises 3. Management representing 100% success. This concretely created added value to the organization in both financially and non-financially. The representing 100% success. This concretely created added value to the organization the fiscal year 2011 by approximately 15.81%. revenue from business, service and asset utilization was higher than the goal and corporate goal and by risk factors and prepared a Risk Map, which presents the relations between risk factors, as well as corporate goal and by risk factors and prepared a Risk Map, which presents Risk Profile which indicates the level of risk in each particular in order to accommodate integration of risk across the period organization and help manage risks more effectively. Moreover, a Portfolio View of Risk was prepared for financial goals, or goals, which are the goals concerning goals of revenue from the business, service and asset utilization, and for non-financial a working committee to appointed MRTA the Purple Line Project, the Blue Line Project, and the Green Line Project. Additionally, with the changing environment. Business Continuity Plan in order to prepare and revise the plan to be consistent prepare MRTA management, and compliance determined a policy concerning integration of corporate governance, risk Additionally, MRTA (GRC), determination of risk from opportunity, plan to accommodate flood emergency which may and prepared an action affect provision of service of M.R.T. Chaloem Ratchamongkhon Line. Plan for the fiscal year 2012-2016, Action Plan and Memorandum of Agreement on PerformancePlan for the fiscal year 2012-2016, Action Plan and Memorandum of Agreement of State Enterprise, and working committee and risk management other additional goals in accordance with the opinion of the risk management subcommittee. 42 level of corporate risks. In the fiscal year 2012, 18 risk analysis goals were set, with

various kinds of performance indicators of the organization and integration of targets and goals according to the MOU, as performanceCorporate Plan and Operation Plan, Assistant Governor, indicators of the Governor, Deputy Governor, Departmentknowledge on State executives without a managerial position. Furthermore, provides Director and level-12 MRTA which is the new performance evaluation of state enterprise, such as knowledge Enterprise Performance (SEPA), Appraisal Organization Profile Report (OPR) and preparation of Self Assessment Report (Deputy Governor, Assistant (SAR), to executives (representatives from each department) working team to Governor, Department and Division Director) and SEPA Director and staff in the form also attempts to give incentive to employees in 2014. MRTA of SEPA prepare them for official implementation will pay bonus to the employees and staff in the cabinet for approval, after which MRTA of bonus. This matter will be proposed to accordance with their performance under the MOU under bonus criteria for supporting of non-profit organization.

Operation Plan for the fiscal year 2013, and communicated the plan through the intranet, internet, posters, and lectures to cre communicated the plan through the intranet, internet, posters, and lectures Operation Plan for the fiscal year 2013, and ate awareness among staff members.

Determination of MRTA Policy, Strategies and Operation Plan of MRTA Policy, Strategies Determination lines as assigned, and provide transportationlines as assigned, and for staff service in the to and the evening. This is done with consideration morning expense. This is in line drivers, resulting in a decrease of 38.64% toll way fare, and overtimesaving fuel expense, pay for MRTA policy in cost saving. with MRTA Suan Lak Song Garden in front of the office building which is home for trees from different areas along the Blue Line extension areas along the Blue trees from different which is home for of the office building Garden in front Suan Lak Song Project. the Green Construction Project under

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Ratchamongkhon Chaloem M.R.T of supervision 4) and 3) Park & Ride service; work; rescue 2) security; 1) functions: Performance Evaluation 4. 6. System Management Quality 5. and Data Statistics Corporate Significant for executives. The information has been improved and kept up has developed and improved information systems MRTA In the fiscal year 2012, MRTA engaged ABAC Social Innovation in Management and Business Analysis (SIMBA) Research engaged ABAC Social Innovation in Management and Business In the fiscal year 2012, MRTA its 4

To evaluate performance of organization under the MOU on performance of state enterprises of the fiscal year 2011, the between the public sector, use of resources and cooperation the progress in operating MRT projects, government designated for knowledge transfer into a knowledge organization and center state enterprise, and development the private sector and hand, operating results operation under the policy. On the other technology as the key indicators for on mass rapid service under performance Line were designated as key indicators of service of M.R.T. Chaloem Ratchamongkhon concerning provision of state enterprise, while corporate management, consisting of roles of the Board of Directors, risk management, internal resource management were designated as general information management, and human control, internal inspection, received a total of 3.8369 point, with 3.5271 for In the fiscal year 2011, MRTA indicators similar to other state enterprises. received operation under the policy, 4,4740 for performance, MRTA and 3,6072 for corporate management. In fiscal year 2012, for “Outstandingan Outstanding State Enterprise Award Organization Development in Human Resource Management.”

MRTA was also able to manage the risk of exchange rate concerning the Purple Line Project at no cost and benefits from it in and benefits from Project at no cost the Purple Line exchange rate concerning manage the risk of was also able to MRTA is higher than the target by 11.78%, which number of passenger to increase managed MRTA of Baht 31.51 million. the amount service of the continuing to provide from the flood by able to manage risk was highest ever. Furthermore,set and the MRTA of service. without termination Line consistently Ratchamongkhon M.R.T. Chaloem MRTA has been certified with the Quality System ISO 0001:2000 from the Management System Certification Institute (MASCI) for

for planning, determining operational guidelines, supportingto date so that the system can be used making and decision also collected, studied and analyzed data, and prepared reports has on MRTA improving the management efficiency. important of passengers, train concerning operation of the organization in various aspects such as number statistics and data service, Park & Ride, income/expense, general information of organization, and passenger number analysis report, etc. Center to conduct a survey of passenger satisfaction on M.R.T. Chaloem Ratchamongkhon Line. It was found that 94.57% of Center to conduct a survey of passenger satisfaction on M.R.T. Chaloem Ratchamongkhon also with security and rescue service. MRTA the passengers were satisfied with provision of service, and 95.09% were satisfied engaged Suan Dusit Poll, Suan Dusit Rajabhat University to conduct survey on satisfactory on Park & Ride service. It was found that the result was 96.06% . Line since 27 January 2006. MRTA has also been granted TISI 9001-2552 (ISO9001:2008) for those functions since 27 January has also been granted TISI 9001-2552 (ISO9001:2008) for Line since 27 January 2006. MRTA has complied with quality manuals and procedures concerning quality 2012, effective until 26 January 2015. MRTA management and reviewed its performancechecked by requirements and double compliance with ISO 9001:2008 to ensure with MASCI observations and has improved its operation in accordance external inspector (MASCI) who found no errors. MRTA parking space system accessible on the website suggestions of passengers continuously, such as by developing real-time vacant lots, such as Lad Phrao parking building and mobile phones, repair of vacant space sign for parking buildings and parking and Queen Sirikit National Convention Centre Station parking lot, and installation of additional signs within the stations to held a training on basic knowledge of ISO 9001: 2008 to provide knowledge and prepare facilitate passengers. Moreover, MRTA for implementing quality management system in other functions under the plan.

In the fiscal year 2012, MRTA evaluated internal control system in different units consistently by instructing all units to evaluate units consistently by instructing all units internal control system in different evaluated MRTA In the fiscal year 2012, MRTA is aware of the importance is aware of the of the Auditor-General with the Regulation service in accordance of internal control MRTA 7. Internal Control MRTA assigned the consultant to develop Environment Impact Assessment (EIA) report assigned the consultant to develop Environment EIA to be in line with relevant laws. MRTA

1. Controlling process for environmental analysis reporting consultant of M.R.T. projects under MRTA. 1. Controlling process for environmental Environmental Management

and review the appropriateness and adequacy of its own internal control during the year, and monitored the progress of internal control during the year, and and adequacy of its own and review the appropriateness monitored and governed an internal control report. also to the revised plan and prepared internal control according MRTA the performance concerning the works responsible accordance with the law, rules, and policy of the organization to be in system was internal control involved with internal control. MRTA courses on internal control to employees and provided training PerformanceEnterprise of the State observation with the to be more efficient in accordance improved Appraisal Committee Committee. Discussions Board of Directors through the Audit progress was regularly reportedin internal control. Its to MRTA Committee, the Audit office and representative of the Office of the Auditor General were held between the Internal Control internal control was concerning internal control to make sure that MRTA of Thailand to discuss and accept suggestions which the operation met its objectives and goals and could limit damage or mistakes sufficient, efficient and effective so that may arise. Board Internal Control Standards B.E. 2544 (2001). In this regard, MRTA has formed an Internal Control Committee chaired by Committee chaired an Internal Control has formed In this regard, MRTA B.E. 2544 (2001). Control Standards Board Internal internal control. MRTA monitor and evaluate Planning), to regulate, (Strategy and Deputy Governor

report specifies measures for prevention and reduction of environmental impact both during construction period and operation controlled and supervised the impact. During the fiscal year 2012, MRTA period in order to minimize the environmental operations of the consultants as follows: Prakarn Section The Green Line Project: Bearing - Samut assigned the consultant to prepare a report for modifying details of the project for Bearing - Samut Prakarn MRTA of EIA ReportSection. The Committee on Consideration and public for projects of the government sector, state enterprises the reportprivate joint ventures projects approved in the meeting on 24 May 2012. The Green Line Project: Mo Chit - Sa Pan Mai Section assigned consultant to prepare a report for Phra Si Mahathat Temple area. The MRTA for modifying details of the project Committee on Consideration of EIA Report approved the report in the meeting on 17 August 2012.

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 82 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 83 - MRTA issued letter No. MRTA 004/333 dated 17 February 2012, to inform Thailand Greenhouse Gas Management 17 February 2012, to inform Thailand Greenhouse 004/333 dated issued letter No. MRTA MRTA No 2/2012 dated 12 September 2012 No 1/2012 dated 14 March 2012 during August 2011 - January(1) Working Committee acknowledged the complaints concerning the project received and overseeing of operation under (2) Working Committee considered issues concerning the control, governance train washing plant, chemical (3) Working Committee visited the depot of the project including the generator, (1) Working Committee received complaints concerning M.R.T. Chaloem Ratchamongkhon Line between February - August 2012; (2) Working Committee considered issues concerning the control, governance and overseeing of operation under mea (2) Working Committee considered issues concerning the control, governance and

3. Environmental Effect Follow Up Process for M.R.T. Projects under MRTA Responsibility Up Process for M.R.T. Follow 3. Environmental Effect has a policy to monitor the performance of the concessionaire / contractor compliance with the measures to prevent MRTA 1. Performance Measures for Committee for Controlling, Governing, and Overseeing Compliance with of Working December 2009 to appoint the Working Committee for Controlling, issued an order no.377/2552 (2009) dated 8 MRTA 2. Projects Carried Out under Clean Development Mechanism Clean Development Out under Carried 2. Projects has policy to participate gases to reduce greenhouse (CDM), a project Mechanism in the Clean Development MRTA

birds from Lad Phrao Station Park to consider the guidelines in installing equipment to chase away 2012 and assigned MRTA & Ride to prevent effect on customers; to measures to prevent and reduce environmental impact of the project July - between December 2011 and assigned MRTA Awards 2011 Project and add information coordinate with Bangkok Metro PLC (BMCL) to prepare and submit AIA Monitoring on environmental impact assessment results from the start of the project until the operation as of the date of the of operation meeting for future reference; operations. They were informed that BMCL storage, and wastewater management system and inquired staff of BMCL about relevant personnel. staff strictly complies with BMCL regulations to prevent danger from operation of sures to prevent and reduce environmental impact of M.R.T. Chaloem Ratchamongkhon Line project between January - June prevent to sures Center to avoid the noise impact caused 2012, and resolved that BMCL consider relocating the noise meter at Thailand Cultural by subsidence of Wattanatham Road.

as specified in analysis reportand reduce environmental impact assessment project. MRTA of the environmental impact for Compliance with Measures Governing and Overseeing for Controlling, appointed Working Committee and Committee Impact as follows: Preventing and Reducing Environmental Impact of M.R.T. Chaloem Ratchamonkhon Line Preventing and Reducing Environmental Impact for M.R.T Chaloem Environmental and Reducing for Preventing with Measures Governing and Overseeing Compliance meetings which consider performancewere two there Ratchamonkhon Line. In the fiscal year 2012, and reducingof preventing environmental impacts of environmental effect and monitoring the and Bangkok Metro Public Company Limited (BMCL) MRTA as follows: Organization (Public Organization) (TGO) of its desire to develop the Green Line Project: Bearing - Samut Prakarn Section the Green Line Project: Bearing Organization) (TGO) of its desire to develop Organization (Public 2012 mechanism. Subsequently, TGO issued letter No. TGO02/184 dated 28 February as a project under clean development the next step in proceeding with the project. to take MRTA application and allows that it has received MRTA informing MRTA certified has been it will be able to Board (CDM EB), the CDM Executive carbon credits from Kyoto Protocol, if MRTA under the sell carbon credits, which will be used to promote and support public transportation such as feeder, Park & Ride to increase the following carried out private car. In the fiscal year 2012, MRTA by using M.R.T. instead of using the number of passengers projects: Bearing - Samut Prakarn Section The Green Line Project: mechanism. as a project under clean development Line Project: Bearing - Samut Prakarn Section develop the Green 1) MRTA issued letter No. MRTA 004/297 dated 13 February 2012, to inform the secretary of UNFCCC of its desire to 2)

Contract No. 3: 1 site namely Tha It Park & Ride. No. 5/2011 dated 26 December 2011 No. 5/2011 dated 26 No. 1/2012 dated 15 March 2012 received during December 2011 - (1) Working Committee acknowledged the complaints concerning the project the complaints and all contractors must inspect and focus on rectifying - after receiving complaints from MRTA, - and the accident causes damage to in case that there occurs an accident caused by mistakes of contractors, (1) Working Committee acknowledged the complaints concerning the project received during August - November the project received during August acknowledged the complaints concerning (1) Working Committee - PCPL consultants to gather the complaints concerning number project submitted through telephone 0-2965-6000 caused by construction of the project, contractors must take photos of - In order to prove damage of buildings the results of environmental quality assessment during the construction (2) Working Committee acknowledged to the Working Committee on monitoring of progress and impact of - PCPL to present the statistics of accidents warning signs for persons who park their vehicle under the rail structure; - CKTC Joint Venture to consider installing - Contract No. 1: 4 sites, namely Tiwanon Junction Station, railway between Ministry of Public Health Station and - Contract No. 1: 4 sites, namely Tiwanon Junction Station, railway between Station, Bang Rak Noi Tha It Station, - Contract No. 2: 6 sites namely train bridge across Chao Phraya River, Sai Ma - Contract No. 3: 1 site namely Depot. 1) Outstanding Awards: Junction 1 Station; - Contract No.1: 3 sites namely Bang Son Station, Sri Phonsawan Station, and Nonthaburi Station, and Khlong Bangphai Station; - Contract No. 2: 3 sites namely Saphan Phra Nangkhlao Station, Bang Rak Yai

(3) Working Committee considered and acknowledged the results of monitoring of performance(3) Working Committee considered and between of contractor 2) Consolation Prizes: (4) MRTA granted a certificate(4) MRTA to contractors for outstanding environmental perfomance between July - December 2011 as follows: MRTA had an order no.402/2552 (2009) dated 21 December 2009 to appoint the Working Committee for Controlling, for Controlling, the Working Committee 2009 to appoint 21 December (2009) dated had an order no.402/2552 MRTA 2. Overall operation of Workling Committee for Environmental Impact Prevention and Reduction for the Purple Line Project: for the Purple Prevention and Reduction Impact Committee for Environmental operation of Workling 2. Overall February 2012 and assigned relevant parties to take actions as follows: response to all complainants promptly; property and must provide compensation for the damage of people on the road, the contractor must not deny its responsibility September - December 2011 ;

parties2011 and assigned relevant as follows: to take actions present them to the working committee at the following meeting; between August - November 2011 and prove prior to construction in order to compare with the case of complaint to buildings which they expect to be affected construction of the project. Moreover, representatives from professional association whether the damage is caused by the a third partyshould be invited to join the inspect as in considering and giving initial opinion to find the conclusion; assigned relevant partiesperiod in August - November 2011 and to take actions as follows: CKTC Sue - Phra Nang Khlao Junction Section (Working Committee 1) consisting of construction of the Purple Line Project: Bang of the Purple of progress and impact of construction Committee on monitoring and the Working Joint Venture representatives, of - Bang Yai Section and Sai Ma Overpass Project (Working Committee 2) consisting Line Project: Phra Nang Khlao Junction Land Traffic Management appointed by the Director of Nonthaburi two committees, so that the SINO - Thai representatives, next step of operation; Bureau, acknowledges and consider the Wongsawang Station, Ministry of Public Health Station, and Nonthaburi Government Complex Station; Wongsawang Station, Ministry of Public Health Station, and Nonthaburi Government Bang Plu Station, Bang Yai Junction Station, and Bang Yai Market Station;

- Governing and Overseeing Compliance with Measures for Preventing and Reducing Environmental Impact of the Purple Line Impact and Reducing Environmental for Preventing with Measures and Overseeing Compliance Governing performance there were 3 meetings to consider the Bang Sue Section. In the fiscal year 2012, Project : Bang Yai - of preventing The meetings and project contractors. impacts of MRTA effect and monitoring the environmental and reducing environmental as follows: can be summarized Bang Yai - Bang Sue Section Bang Yai -

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 84 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 85 MRTA, PCPL consultants and MRTA, - present reasons for decreasing height of barrier in the report of performance under environmental measures specified - request coverage of road surface utility takes place to prevent loud noise and in area where relocation of public - clean the barrier, canvas sheets, and light bulbs along the barrier. No. 2/2012 dated 25 June 2012 the summary of complaints concerning the project between March - May (1) Working Committee acknowledged - contractors must present photos to support presentation of solutions for the complaints in the next meeting; welding spatters from falling down to the road. If emphasizes on preventing - contractor under Contract No. 2 must Land Acquisition Department division to inspect relevant - MRTA shall coordinate with the complaint acceptance - clear and complete warning signs; complete warning - clear and lights especially at night; - noticeable warning - straight barrier; the construction sites. others when there are vehicles leaving - personnel to signal at u turn spot, of the barrier to one meter, for example CKTC Joint Venture may decrease height - in necessary cases, - contractors must present accident report meeting; suffered by workers to the Working Committee in the following “cement- contractors must exercise caution to prevent spilling on cars,” as it can be avoided; loud noise from temporary metal sheet on the road; - contractors must focus on preventing with knowledge on road safety to consider the appropriate spots for - contractors must make available personnel

(4) Working Committee acknowledged the results on economic - social conditions and attitude of the people for (4) Working Committee acknowledged the results on economic - social conditions (2) Working Committee acknowledged the results of environmental quality assessment during the construction (3) Working Committee considered the result in monitoring the performance of contractors between April - June 2012 (5) MRTA granted a certificate to contractors for outstanding environmental performance between January - June 2012 granted a certificate(5) MRTA to contractors for outstanding environmental (3) Working Committee considered the results in monitoring the performanceCommittee considered the (3) Working February between January - contractors of the results of the study on economic - social conditions and attitude of the (4) Working Committee acknowledged (2) The Working Committee acknowledged the results of environmental quality assessment for the project between for the project quality assessment results of environmental the Committee acknowledged (2) The Working Contract No. 1 during March 2012, and Contracts No. 2 and No. 3 during May 2012, and assigned Contract No. 1 during March 2012, and Contracts No. 2 and No. 3 during May in the EIA Report, and Environmental Policy and Planning every six months; to be presented to the Office of Natural Resources accidents; period of the project between February - May 2012 and assigned the environment consultants of contractors under Contracts period of the project between February - May 2012 and assigned the environment No. 2 and No.3 to add analysis of cause sub-standard results of surface water during the construction, to find out whether it is caused by the construction or other factors such as expansion of urban community. and assigned the contractors to take actions as follows: 2012 and assigned relevant parties to take actions as follows: in must use equipment to prevent such from happening and present their solution closing road is not possible, the contractor the next meeting; complaints and report the results of operation in the next meeting; as follows:

2012 and assigned contractors to focus on traffic management in the construction area as follows: in the construction area as follows: to focus on traffic management 2012 and assigned contractors PCPL consultants and No. 3 during January 2012 and the meeting assigned MRTA, people for Contract No. 2 and Contract contractors to proceed with further action in accordance with the suggestions and comments from the survey. of barrier to two meters In other cases, CKTC must increase height view on the other side of the road. as barrier may obstruct in EIA reportto be in accordance with the measures of the project; installing warning signs and lights. to the victims in polite manner. in polite manner. to the victims area as follows: in the construction to manage traffic the contractors and the meeting assigned 2011 - January 2012 December contractors to proceed with further and comments from the survey. actions in accordance with the suggestions SH-UN Joint Venture to make noticeable signs to inform passengers that Bang Pho Peir is temporary closed. No. 3/2012 dated 29 June 2012 No. 2/2012 dated 5 April 2012 of projects between construction of complaints concerning (1) Working Committee acknowledged the summary No 1/2012 dated 13 January 2012 the summary of complaints concerning construction of projects between April (1) Working Committee acknowledged the results of environmental quality assessment during the construction period (2) Working Committee acknowledged in monitoring the performance(3) Working Committee considered the results December of contractors between August - ensure that they strictly comply with safety and environmental measures, - contractors must supervise workers to - Contract No. 1: 3 sites, namely Tao Poon Station, Nonthaburi Government Complex Station and Sri Phon Sawan Station; Government Complex Station and Sri Phon namely Tao Poon Station, Nonthaburi - Contract No. 1: 3 sites, and Bang Plu Station; sites namely Bang Rak Noi Tha It Station, - Contract No. 2: 2 1) Outstanding Awards (Six-Leave Symbol): Awards (Six-Leave 1) Outstanding Junction 1 Station; and Nonthaburi Tiwanon Juction Station No.1: 2 sites namely - Contract Station, Bang Yai Junction Bang Rak Yai Chao Phraya River, train bridge across No. 2: 4 sites namely - Contract

(1) Working Committee acknowledged summary of complaints concerning construction of projects between April - (1) Working Committee acknowledged summary of complaints concerning construction Station under Contract No. 2; (2) Working Committee acknowledged the construction technic for Sanam Chai assessment during construction period (3) Working Committee acknowledged the result of environmental quality and contractors to publicize performance so that the public acknowledges - MRTA of project through different media (2) Working Committee acknowledged the result of environmental quality assessment during the construction (2) Working Committee acknowledged the result of environmental quality the result in monitoring the performanceCommittee considered (3) Working of contractors between January - March 3. Overall operation of Controlling Committee for Environmental Impact Prevention and Reduction for the Blue Line Impact Prevention and Reduction of Controlling Committee for Environmental 3. Overall operation Committee for Controlling, Governing (2011) dated 3 May 2011 to appoint Working issued an order no.175/2554 MRTA 2) Consolation Prizes (Five-Leave Symbol): 2) Consolation Prizes May 2012 and requested that the contractors focus on returning public area to the people and see to it that the road is ready May 2012 and requested that the contractors focus on returning public area to on a case by case basis; for use before open to the public. CSCBL consultants were assigned to ensure this between April - May 2012 and assigned relevant parties as follows: to take actions and understand its operation;

period between January - March 2012 and assigned PMCBL consultants, CSCBL, and contractors to proceed with the suggestions period between January - March 2012 and assigned PMCBL consultants, CSCBL, and conducted in January 2012; and comments on survey of economic-social conditions and attitude of the people their personal protective equipment.2012 and assigned contractors under all contracts to make sure that all workers wear with the measures for preventing and reducing January - March 2012 and assigned contractors under all contracts to comply works after 22:00 hrs.; environmental impact from noise, which prohibits contractors to carry out noisy there is under all contracts to inform workers in the construction sites that if - December 2011 and assigned the contractors site, the workers must accept the complaint and then reportconstruction-related complaint in the construction the matter to the problems; the supervisor in order to find solutions to between July - December 2011; 2011 and assigned relevant parties to take actions as follows: - of the equipment within the construction site for safety of workers and good image especially by wearing personal protective contractors and MRTA; Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Phra Sections - Bang Kae and Bang Sue - Tha Phra Project : Hua Lamphong of the Blue Line Project: and Reducing Environmental Impact with Measures for Preventing and Overseeing Compliance Sue - Tha Phra Sections. In the fiscal year 2012, there was 1 meeting which considers Hua Lamphong - Bang Kae and Bang the performanceimpacts caused by and reducing environmental effect and monitoring the environmental of preventing can be summarized as follows. contractors of the projects. The meetings

Station; Bang Yai Market Station, and

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Contract No. 2: 2 sites namely Sanam Chai Station and Cut & Cover Tha Phra Contract No. 4: 1 site namely Bang Kae Park & Ride. - environmental consultants of contractors under all contracts to present accident spots on the map along the project on the map along the accident spots all contracts to present contractors under consultants of - environmental the performance the result in monitoring Committee considered (4) Working April - June 2012 of contractors between environmental performance (five-leave symbol) for outstanding granted consolation prizes between January (5) MRTA site namely Bang Khun Non Station - Contract No. 3: 1

1. In the fiscal year 2012, MRTA revised its master plan for information technology and communications of the MRTA for for MRTA the of communications for information technology and revised its master plan 1. In the fiscal year 2012, MRTA to be in guidelines of MRTA has prepared the policies and the security of the information technology systems 2. MRTA a plan determines important has prepared IT Disaster Recovery Plan to accommodate business continuity. Such 3. MRTA in collaboration with the Transport provided real time data Link for M.R.T. 4. MRTA, and Traffic Policy and Planning Office, 1. cooperation in education by supporting educations spots and interning; 2. jointly planning and providing support access to in terms of resources to jointly develop personnel such as exchanging to create advance technological field consistent with mass rapid transit 3. jointly designing and improving curriculum activities such as academic meetings and seminars, special lectures, exchange 4. jointly carry out educational and academic laws, and other fields management, economics, works in engineering, academic 5. jointly develop research and publicize

2012-2014 (Revised Version No. 1) as the framework of operation in information technology. In2012-2014 (Revised Version No. 1) as the the fiscal year 2012, MRTA has to assist with document delivery within implemented IT Master Plan for 2012-2014 such as seeking of e-inventory system and outside the organization, which can be connected to the Ministry of Transport e-inventory system, development of risk management as tools to support the development of personnel training to assess training risk management operation, and needs and to reduce gaps compentency of staff / employees. in Government sector B.E. 2549 and accordance with the rules and procedures of Royal Decree on Electronic Transaction information. MRTA Notification of the e-Transaction Committee specified as rules for the security of personnel, backup office, etc. This plan will information systems and data such as operation steps, responsibility of relevant information interruption of MRTA cannot provide IT service. It will also prevent be implemented in emergency cases when MRTA and minimize any negative impact on the technology operation as it will allow the information system to remain accessible information system. passergers to be informed of current vacant parking spaces of all 8 Park & Rides. Information Technology

for educational visits; libraries and providing premises and facilities system, highly needed for the country; in order to promote exchange of knowledge; relating to the operation of MRTA of information and academic products and related industries, which will be beneficial to both parties.relating to mass rapid transit technology Memorandum of Understanding MRTA signed in a memorandum of understanding with Thammasat University on 8 June 2012 with the scope of corporation as follows: consideration; Committee for line to Working not covered with the barrier, trucks soil outside of use of safety helmet, pay attention to the contractors to and requested light bulbs along the barrier; canvas sheets and broken - June 2012 as follows: - -

The Security, Fire and Rescue Training Institute has provided both classroom lessons and practical lessons to MRTA security practical lessons to MRTA Fire and Rescue Training Institute has provided both classroom lessons and Security, The Since the mission of constructing mass transit rapid projects involves high risks which are not easy to control and involves transit rapid projects involves high risks which are not easy to control and involves Since the mission of constructing mass It is MRTA’s mission to provide service of M.R.T. Chaloem Ratchamongkhon Line and construct various train lines concurrently. mission to provide service of M.R.T. Chaloem It is MRTA’s

guards, rescue officers and other personnel as well as non - personnel and organizations to develop knowledge MRTA plan. concerning security, fire extinguishment and rescue in the form of annual training Security, Fire Extinguishment and Rescue Training Security, Fire Extinguishment and Rescue Training many people concerned with different gender, age and expertise, therefore, MRTA has executed MRTA Safety Declaration gender, age and expertise, has executed MRTA many people concerned with different therefore, MRTA and contractors of all projects with the goal to achieve zero fatal accident target, with consulting companies and civil work to improve efficiency project construction.of management of safety in mass rapid transit Therefore, promotion of strong management of safety, occupational health, and working environment is essential and must be be of safety, occupational health, and working environment is essential and must Therefore, promotion of strong management contractors, concessionaires and the community and environment. personnel, on MRTA strictly supervised in order to prevent impact and relevant policy, plan, and measures to manage such matters for a systematic For the part determined year, MRTA management principles and compliance with relevant laws and measures. sustainable operation, taking into account Management of Safety, Occupational Health and Working Environment Management of Safety, Occupational

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 88 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 89 (1) MRTA made 2,448 replies to the public, consisting of 2,417 inquiries via telephone, and 31 inquiries via email. The made 2,448 replies to the public, consisting (1) MRTA out of which 30 were related to the M.R.T. Chaloem Ratchamongkhon Line, (2) The number of complaints were 198,

1. Summary of the fiscal year 2012

MRTA received complaints from the public concerning M.R.T. Chaloem Ratchamonkhon Line service and the extension received complaints from the public concerning MRTA

inquiries are mainly about mass rapid transit projects under MRTA responsibility; projects under MRTA inquiries are mainly about mass rapid transit Project: of the Purple Line Project : Bang Yai - Bang Sue Section, the Blue Line and 168 were related to impacts of construction and - Tha Phra Sections, the Green Line Project: Bearing - Samut Prakarn Section, Hua Lamphong- Bang kae and Bang Sue Section. the Pink Line Project: Khae Rai - Min Buri Line service. The results of survey in conduct a survey on the satisfaction of passengers in M.R.T. Chaloem Ratchamonkhon 2. MRTA has hired ABAC Social Innovation Research Centre and Business Management, Assumption University to 93.3% of the people in the Greater Bangkok corporate image and customer satisfaction in the fiscal year 2012 revealed that of the people along 95.7% of the passengers and 94.3% and 92.2% recognizes and trusts MRTA; Metropolitan recognizes MRTA the project lines have better quality of life.

projects via letters, phones, e-mail ([email protected]), follows: newspaper and inquiry, which can be summarized as Public Complaints Year Sambuddha Jayanthi Celebration. th

5. executives, staff, and employees i.e. holding meditation activities, Activities to promote Buddhist ethics in MRTA 4. Knowledge transfer on good governance to high level executives by holding a good governance workshop on 3. CG Day event was held on 5 September 2012 which includes the following activities: 1) Exhibition board on good 2012 which includes the following activities: 1) Exhibition board on good 3. CG Day event was held on 5 September 1. Preparation of Charter for the performance of the Good Governance Sub-Committee to be used as guideline of the In 2012, MRTA conducted different forms of activity to promote better governance, which include:In 2012, MRTA conducted different 4. To provide for an assessment of development and improvement of operation to become a leading state enterprise in state enterprise a leading to become operation and improvement of of development for an assessment 4. To provide 3. To support good governance for continuous growth; and promote 2. To encourage strict and continuous good governance principles; and continuous good governance principles; 2. To encourage strict 1. To adhere to good governance principles, including accountability, responsibility, equitable treatment, transparency, responsibility, equitable treatment, governance principles, including accountability, 1. To adhere to good In order for management system to be development, with reputable an effective organization For its operation, MRTA has adhered to to the good corporate governance principles. According performanceFor its operation, MRTA assessment provision of Buddha’s mantra for Visakha Bucha Day, and provision of Buddha’s mantra for Project “One Unit One Buddha Bucha” for the 2600 12 September 2012, with Ajarn Chiraphorn Sumetheeprasit as the guest speaker. The workshop focused on the concepts and 12 September 2012, with Ajarn Chiraphorn Sumetheeprasit as the guest speaker. development of good governance and concept and importance of GRC in managing on organization, to be used as were heads of division and acting heads of guideline for operation. This workshop was attended by 97 staff members who division. governance. 2) Good governance Q&A contest. 3) Holding talk on “Good Governance Practice in Large Construction Projects” with participation of the of honored guest speakers namely Prof. Hiran Radeesi, Chairman of the Sub-Committee Board of Directors), Miss Rachanee Tripipatkul, Chairman of MRTA Chairman of MRTA Corporate Governance Center (former Good Governance Sub-Committee. Chairman of MRTA Board of Directors, and Mr. Pongpanu Svetarundra, Sub-Committee; 2. visited the Krungthai Bank Public Limited on executives, and staff of MRTA The Good Governance Sub-Committee, 22 June 2012 for advice on good governance.

Activities Supporting Good Governance Activities Supporting Good Governance terms of good governance.

value creation, and ethics; value creation, and trusted by the peoples and to promote a sustainable growth, MRTA has set its good governance governance its good MRTA has set growth, a sustainable promote to and by the peoples trusted policy as follows; Good Governance Policy Good Governance under the good governance indicators in 2012, it can be concluded that MRTA has complied with the best practices of state has complied under the good governance indicators in 2012, it can be concluded that MRTA very high. As for activities supportingenterprises 2009 of State Enterprise Policy office at 96.2%, which is considered good of Directors, executives, and staff Board MRTA governance such as CG Day and visit to organization with good governance, all actively cooperated in related activities. Furthermore, partnered with BMCL in operating the activities under the MRTA the environmental impact assessment reportmeasures for reducing impact and monitoring the environment as specified in continuously. This is guaranteed by winning the EIA Monitoring Awards 2011. Concrete Success Good Corporate Governance Governance Corporate Good

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 90 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 91 Year Sambuddha Jayanthi Celebration. th

Activities Supporting Good Governance Activities Supporting Good Governance terms of good governance.

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Apartresponsibility for organization under good corporate governance principles and taking from operation of the 4. Promote education of staff and employees, as well as their children, and support4. Promote education of staff and employees, along the mass education of schools 3. Operate the the business, determine and construct projects keeping in design, impact in mind the environmental each 2. Cooperate with the communities along the mass rapid transit project alignment to preserve good culture and traditions project alignment to preserve good communities along the mass rapid transit 2. Cooperate with the 1. Promote and supportpeople and encouraging staff and improving the quality of life of the social development by Corporate Social Responsibility Performance Responsibility Social Corporate passengers by providing mass rapid transit service that meets international standards and in order to show commitment and service that meets international standards and in order to show commitment passengers by providing mass rapid transit been carrying out corporate social responsibility and environmental has MRTA intention for corporate social responsibility, and development such as promotion of traditions and culture of communities projects including community involvement supportalong the mass rapid transit project line, on mass rapid to children and youth by providing scholarship and knowledge the people and community by carrying out mobile education unit and community transit system, promote quality of life of as environment by carrying out green construction, producing vetiver seedlings development activities, protection of the been has encouraging improving mind and ethics of gratitude to the King, Suan project, Lak Song etc. Moreover, MRTA for the chanting, summons, food offerings to monks, etc., as well as other activities personnel by holding ethics promotion week, carried out such survival kits to victims of disasters, blood donation, etc. MRTA community such as donating money and both of the public and the private sectors. activities by cooperating with various agencies Performance rapid transit project alignment in line with Bowon Principle (House, Temple, School). rapid transit project alignment in line with and every step, and campaign for environmental preservation for sustainability : campaign for environmental preservation and every step, and of Thailand for sustainability : of Thailand for sustainability employees to give back to the communites and society voluntarily : to the communites and society voluntarily employees to give back Corporate Social Responsibility Policy Corporate Social

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On 17-22 October 2011, MRTA set up two donation set up two donation On 17-22 October 2011, MRTA MRTA Donation Booth at Silom and Sukhumvit MRTA Donation Booth at Silom and Stations for Flood Victims items, and instant booths for money, items, consumable building to food at Silom station and Sukhumvit connecting be to donated flood victims in order to help those who of the Minister suffer from the flood, in line with the policy of Transport. MRTA, together with the National Blood Center, Thai together with the National MRTA, On 5 October 2011, MRTA, led by Mr.On 5 October 2011, MRTA, Chairat Joomwong, MRTA Contribution in BloodDonation MRTA Donation to Flood Victims in Nonthaburi Corporate Social Responsibility Activities Responsibility Social Corporate Red Cross Society, holds blood drives for the Thai Red CrossRed Cross Society, holds Society, participatedworkers of by staff/employees and and Bangkok Metro Public Company Limited (BMCL) MRTA four times a year.

an MRTA Board of director, and Deputy Governor (Operation) acting MRTA ard, MRTA Mr.Yamsa- Ronnachit Governor, arranged 1,200 survivalthem to flood victims in Nonthaburi along the Purple Line bags and donated Project: Bang Yai - Tha-it, Bang Sue Section in Tambon Amphoe Pakkred, Nonthaburi Province. On 19 November 2011, MRTA, together with BMCL, together with 2011, MRTA, On 19 November MRTA and BMCL Jointly Make 50,000 EM Balls BMCL Jointly Make MRTA and for Donation to Flood Victims for Donation held at Hands and 50,000 EM Balls with MRTA” “Helping Park Station, with Mr. Ronnachit retail floor, Chatuchak (Operation) acting Deputy Governor Yamsa-ard, MRTA of the activity. This Governor, as the president MRTA activity was participated by over 1,000 volunteers, the EM balls for their own use and who can bring back donate to flood victims. , and On 24 November 2011 at 16:00 - 19:00 hrs., MRTA gave away the EM balls to passengers at Lat Phrao Station, which gave hrs., MRTA On 24 November 2011 at 16:00 - 19:00 Governor, donated Deputy Governor (Operation) acting MRTA MRTA On 25 November 2011, Mr. Ronnachit Yamsa-ard, On 15 December 2011, Mr. Ronnachit Yamsa-ad MRTA Big Cleaning MRTA Deputy Governor (Operation) acting MRTA Governor Deputy Governor (Operation) acting MRTA MRTA Big Cleaning Activity to help restore Wat lead MRTA planting trees, MRTA recieved a warm welcome from planting trees, MRTA Mr. Somsak Cheepet, the school’s director. Prasart School, Tambon Bangkrang, Amphoe Muang, Nonthaburi Province, which suffered from the flood. The activity involved cleaning school, painting buildings attracted many passengers. paper toilets to flood victims in Tambon Sawai, Amphoe Lamlukka, drinking water, EM balls, floating toilets and MRTA Chief Administration of the Lad Sawai SAO, accepting the donation. Pathumthani Province, with Mr. Veera Kanaphan,

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 94 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 95 anniversary. The th

On 23 December 2011, Mr. Ronnachit Yamsa-ad, On 23 December ”84,000 Vetiver Seedlings for our Father” by for our Father” Vetiver Seedlings ”84,000 activity, held in front of MRTA building, was participated building, of MRTA activity, held in front executives and employees. by MRTA MRTA MRTA Deputy Governor (Operation)Governor, led the “84,000 Vetiver Seedlings for our Father” acting MRTA of the King’s 84 activity in celebration

On 21 August 2012, Miss Rachanee Tripipatkul, Chairperson of the MRTA Board of Directors opened the Board of Directors On 21 August 2012, Miss Rachanee Tripipatkul, Chairperson of the MRTA “Suan Lak MRTA Green Construction On 12 January 2012, Miss Rachanee Tripipatkul, MRTA Sponsoring 2012 Children’s Day Activities including Sak Thong, Phaya office building. The activity involved transferring 60 trees Song” park in front of the MRTA Line Project: Hua Lamphong- Bang Kae Sattaban, Chanuan Thong, and Charoensuk from the Lak Song Depot, the Blue Green Construction Project. and Bang Sue - Tha Phra Sections under MRTA Chairperson of the MRTAMr. Board Ronnachit of Yamsa-ad, Directors, MRTA with executives Governor, and MRTA (Operation) acting MRTA Deputy Governor supporting granted fund for 2012 of MRTA on behalf along the MRTA’s Children’s Day activities to 20 schools project line.

On 31January 2012, Miss Rachanee Tripipatkul, ChairpersonOn 31January 2012, Miss Rachanee Tripipatkul, Chairperson of MRTA Board of Directors and teamChairperson of MRTA Board of Directors inspected MRTA projects

of inspected the Board of Directors and team MRTA Bang Yai Bang Sue construction site of the Purple Line Project: the Depot and visited at Phra Nangklao Bridge, Section commercial development area of Station, Rama 9 Ratchamongkhon Line at Phaholyothin M.R.T. Chaloem Station, and Sukhumvit Station.by They Mr. were (Operation) Ronnachit Yamsa-ard, Deputy Governor welcomed Governor and Mr. Chaisit Gururatana, MRTA acting MRTA Deputy Governor (Engineering and construction).

On 23 December 2011, Air Chief Marshal Sukumpol On 23 December 2011, On 5 March 2012, Miss Rachanee Tripipatkul, Green Line Project: Bearing – Samut Prakarn Green Line Project: MRTA signed Civil Work Contract No. 1 of the MRTA signed Civil MRTA commencement construction of the Green Section Deputy Governor acting MRTA Governor and Mr. Plew Governor and Mr. Deputy Governor acting MRTA Company Limited,Treewitwawate, CEO of CH.Karnchang Public Chairperson ofas signatories and Miss Rachanee Tripipatkul, Office. Board of Directors as witness at MRTA the MRTA Suwanatat, Minister of Transport contract No. 1 of the Green Line Project: ceremony of Civil Work presided over the signing Bearing - Samut Prakarn with Mr. Ronachit Yamsa-ard, CH.Karnchang Public Company Limited giving a warm welcome. MRTA executed a contract for civil work construction executed a contract CH.Karnchang Public Company Limited giving a warm welcome. MRTA will take approximately 45 months. with CH. Karnchang Public Company Limited on 23 December 2011. The construction According to work plan, the line is estimated to open for service in early 2017. Line: Bearing – Samut Prakarn Section Project: Bearing - Samut PrakarnYamsa-ard, Section, Deputy with Governor Mr. (Operation) Ronnachit Governor, acting MRTA MRTA executives, executivesMouchel of Consultants Chotichinda Co., Ltd. and executives of

Chairperson of the MRTAover the Board commencement of construction of the Green Line of Directors presided Important Activities Important

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 96 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 97 Public Company Limited, which

envelop for contract No. 6 (trackwork) of

anniversary of the Ministry of Transport on th anniversary of the Ministry of Transport on “Rail Age: On 4 May 2012, Mr. Charuphong Ruangsuwan, Minister On 22 March 2012, Mr. Charuphong Ruengsuwan, On 22 March 2012, This trackwork (Contract No. 6) involves construction of 23 km. trackwork throughout the Purple Line Project: Bang Yai - BangThis trackwork (Contract No. 6) involves construction of 23 km. trackwork throughout th On 29 May 2012, Mr. Peerayudh Singpatanakul, MRTA MRTA On 29 May 2012, Mr. Peerayudh Singpatanakul, MRTA participating in academic seminar for the Minister of Transport assigns policy and visits Minister of Transport MRTA opening tender envelop for Contract No. 6 MRTA opening tender envelop for Contract 100 2012” with Pol. Lt. Gen Chaj Kuldilok, Deputy Minister of 2012” with Pol. Lt. Gen Chaj Kuldilok, Deputy Minister Transport as a speaker on “Government’s Policy to Create the Rail Age,” Mr. Sinpachai Charukasemrattana, Deputy Permanent Secretary, and acting Permanent Secretary of “Rail Age: 2012” of Transport presided over the academic seminar for the 100 MRTA Minister of Transport and Mr. Chadchart Sittipunt, Deputy Minister of Transport, assignswelcomed policy by and Miss visit Rachanee Ronnachit Yamsa-ard, Board of Directors, Mr. MRTA, of the MRTA Tripipatkul, Chairperson Governor, MRTA Deputy Governor (Operation) acting

the Ministry of Transport and Mr. Peerayudh Singhapatanakul, MRTA Deputy Governor (Engineering and Construction) on the Ministry of Transport Deputy Governor and Mr. Peerayudh Singhapatanakul, MRTA Airport also held an “Looking Back and Forward to the Development of Mass Transit” at Novotel Suvarnabhumi Hotel. MRTA exhibition on its mass rapid transit projects. Sue Section, as well as trackwork from Bang Sue Station to Tao Poon Station, and within Bang Phai Depot.Sue Section, as well as trackwork from Bang Sue Station to Tao Poon Station, and within

MRTA to promptly execute all project contracts within this within this contracts execute all project to promptly MRTA service taking train from Thailand Cultural Deputy Minister also tried the MRTA term of government. The Minister and Line Chaloem Ratchamongkhon Line and observed the progress of the Purple Center Station to Bang Sue Station on M.R.T. the construction site at Tao Poon Station. Project: Bang Yai - Bang Sue Section at MRTA board of directors, and executives. The policy encouragesMRTA Deputy Governor (Engineering and Construction) as the Deputy Governor (Engineering and Construction) Chairman the Civil Works Tender Committee for the of Purple presided over the Line Project: Bang Yai- Bang Sue Section opening of tender (trackwork) of the Purple Line Project: Bang Yai – (trackwork) of the Purple Line Project: SectionSue Bang Italian Thai Development is the only company which is technically qualified. The company offered the price of Baht 4,142 million.

A held a public hearing prior to commencing On 25 September 2012 at 9:30 am at Jupiter Room, On 17 July 2012, the Cabinet gave consent to the MRT MRTA Governor Appointed Floor, Miracle Grand Convention Hotel, Mr. Yongsit rd Rojsrikul, the MRTA Governor presided over the public hearingRojsrikul, the MRTA for revision of feasibility study, project design adjustment and preparation of tender document for the Pink Line Project: Khae Rai - Min Buri Section, attended by approximately 500 attendees from both the public and private sectors, local administration organizations, independent organizations, and general public. the construction of the Pink Line Project: Khae Rai– the construction of the Pink Line Project: Khae Rai– Min Buri Section 3 Ministry of Transport’s to appoint Mr. Yongsit Rojsrikul request of Governor with a fixed monthly remuneration as the MRTA approved by the Baht 340,000 as well as other benefits as of execution of Ministry of Finance, effective on the date employment contract. Italian Thai Development Public Company Limited, the Company Limited, Development Public Italian Thai On 24 August 2012, Prime Minister Yingluck ShinawatraOn 24 August 2012, Prime Minister Yingluck Tunnel Boring Machine for Construction of the Construction of Machine for Tunnel Boring The Prime Minister presided the commencement of boring machine operation for the Blue Line of boring machine Kae Section Project: Hua Lamphong – Bang contractor for the construction of the Blue Line Project: Hua contractor for the construction Kae Section, contract No. 1, brought Lamphong - Bang (TBM) of the EPB (Earthin Tunnel Boring Machine Pressure on 5 May 2012 at Khlong ToeyBalance) type to Thailand to the storage area in Hua LumphongPier and was moved between 6 - 8 May 2012. Blue Line Project: Hua Lamphong – Bang Kae Lamphong – Bang Project: Hua Blue Line reached Thailand Section has Transport, Ministry of Transport, Mr. Sinlapachai Charukasemrattana, Permanent Secretary of executives of Ministry of Transport, Governor. MRTA Board of Director, and Mr. Yongsit Rojsrikul, the Miss Rachanee Tripipatkul, Chairperson of the MRTA Section and Bang Sue – Tha Phra Chaj Kuldilok and Mr. ChadchartChaj Kuldilok and ofDeputy Minister Sittipunt, for the Blue Line Project: Hua Lamphong - Bang Kae Section and Bang Sue - Tha Phra Section. She was welcomed by Mr. Charuphong Ruangsuwan, Minister of Transport, Pol. Lt. Gen. machine operationpresided over the commencement of boring

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 98 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 99

(Mr. Yongsit Rojsrikul) Yongsit (Mr.

The Board wishes to support the opinion that MRTA financial statements for the year ended 30 September 2012 and 2011 financial statements for the year ended 30 September 2012 and 2011 The Board wishes to support the opinion that MRTA The Board has appointed an Audit Committee, consisting of independent directors, to oversee the quality of financial directors, to oversee of independent consisting appointed an Audit Committee, The Board has MRTA Board of Directors values and has implemented good governance, and maintained risk management and internal and maintained risk management and has implemented good governance, Board of Directors values and MRTA MRTA Board of Directors is aware of the Board’s responsibility to ensure that the financial report of the Board’s responsibility to ensure that Board of Directors is aware in compliance is prepared MRTA Chairperson of the MRTA Board of Directors Governor of the Mass Rapid Transit Authority Transit Rapid Mass the of Governor Directors of Board MRTA the of Chairperson Thailand of (Miss Rachanee Tripipatkul) Rachanee (Miss jointly reviewed by the management and the auditor represent the accurate, credible and reasonable financial position, the auditor represent the accurate, credible and reasonable financial position, jointly reviewed by the management and transparent performance MRTA’s in accordance with the generally accepted accounting principles, reflecting and cash flows and compliance with applicable law and regulations. and adequate disclosure of information statements and the performance comments have of internal control system and internal audit function. The Committee’s already been shown in the Report of the Audit committee in this annual report. control systems to ensure accuracy, completeness and adequacy of financial information, in order to maintain assets and of financial information, in order accuracy, completeness and adequacy control systems to ensure prevent fraud or significant irregularities. with the generally accepted accounting principles. Consideration of appropriate accounting policies to be regularly of appropriate accounting accepted accounting principles. Consideration with the generally statements. Essential included in the preparation of the financial and prudence have also been implemented, reasonability, the fiscal year 2012, which notes to the financial statements for and transparently disclosed in the information was sufficiently auditor’s report.reviewed and provided opinion on in the the Auditor General of Thailand) has the auditor (Office of

Financial Report Financial Report on MRTA Board of Directors’ Responsibility on the Responsibility of Directors’ Board on MRTA Report

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 100 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 101

The MRTA Board of Directors issued Order No.85/2555 dated 10th February 2555, appointing the Audit Committee which 2555, appointing the Audit Committee Order No.85/2555 dated 10th February Board of Directors issued The MRTA nes; effectiveness of internal control system; review auditing results and auditing guideli (2) Review the suitability, adequacy and and relevant laws, (4) Review compliance with the policies, rules, regulations, Cabinet’s resolutions (15) Acknowledge opinion survey reports on the audit performance of Audit Office, Champeerat and Mr. Rapeepan Sariwat, Chutikarn as Chairman, Mr. Woravit consists of Mr. Charoenrat as Audit Committee Audit Office and Members, Director of Director of as Account and Finance Audit Division and Secretary Secretary. Assistant report, operation financial statements , review management has the authority to review credibility of The Audit Committee MRTA report, resolutions and policy of MRTA with rules, regulations, the Cabinet’s conflict of interest transactions and compliance at least once every quarter must submit reports Board of Directors Board of Directors. It as stipulated in the Regulations to MRTA the Cabinet on 25th April Enterprises which were approved by of the Audit Committee in the State and Guidelines of Practice 2000 and the letter of the Ministry of May 17, 2004. Finance (stamped top urgent) with reference No. Gor Kor 0804/Wor 58 dated year 2011, the Audit Committee performed In the fiscal attention on the good governance practice its duties with special and each of its enjoyed freedom in members four expressing opinions. It held meetings and gave forum for executive of MRTA members and concerned parties to clarify and provide information on important Committee’s consideration. In issues for the Audit ttee’s General of Thailand was also invited to attend the meetings. The Audit Commi this connection, the representative of the Auditor performance as follows: for work improvement during the year under review could be summarized and recommendations (1) Review all quarterly to ensure their financial statements, annual budget expenditure and financial management of MRTA officer of the Office of the Auditor General of Thailand, who examined and approved credibility and accuracy by inviting the opinions on these financial statements based to consult with the Audit Committee and express financial statements of MRTA, the Audit Committee, on her/his audit together with advice to and obstacles of the audited activities; evaluate the performancesuggest guidelines for solving problems of internal audit function concerning in conformity with the procedures and generally accepted standards, affairs management MRTA’s performance of all facilities to ensure in supervising M.R.T. System operation, security work and maintenance (3) Review MRTA’s with focus on the performancestrict compliance with the established standard operation of the of the concessionaire in system problems readiness and effectiveness including and rescue operational Line; review security M.R.T. Chaloem Ratchamongkhon and obstacles, transaction or transaction indicative of information in case there existed connected (5) Encourage disclosure of MRTA’s conflict of interest, (6) Review follow-up report the recommendations of the Audit Committee during the fiscal year 2011, in complying with (7) Review report operation for the fiscal year 2011, of the Audit Committee’s 2012 (8) Revise the Internal Audit Manual for the fiscal year year 2011-2013 and the annual auditing plan for the fiscal (9) Review the 2nd revision of 3 - year auditing plan for the fiscal year 2013 (October 2012 - September 2013), (10) Review quarterly reports internal audit affairs supervision of the Audit Committee in quarter of 1,2 and 3, (11) Review Key Performance of the Director of Audit Office for the fiscal year 2012, Indicator (KPIs) the fiscal year 2012 (October 2011- September 2012), (12) Conduct self-evaluation of the Audit Committee for (13) Review performance of the Audit Committee on the role of the Director of Audit Office as evaluation questionnaires internal auditor and secretary of the Audit Committee for the fiscal year 2012, (14) Acknowledge annual summary reportof the audit affairs for the fiscal year 2011 (October 2010 - September 2011), (16) Acknowledge risk management reports of MRTA, (17) Acknowledge progress reportsimplementation of internal control system, on the

for the fiFiscal year 2012 fiFiscal year 2012 for the Report of the Audit Committee Audit Committee of the Report (Mr.Charoenrat Chutikarn) Chairman of the Audit Committee Audit the of Chairman September 2012 September Evaluate the performanceEvaluate the of the Audit auditor and secretary on the role as internal of Audit Office of the Director It is of the opinion that during the fiscal year 2012, the Audit Committee has performedIt is of the opinion that during the fiscal discretion, its duties with prudence, The Audit Committee has consistently submitted the audit reports to MRTA Board of Directors according to the established the audit reports Board of Directors according to the established The Audit Committee has consistently submitted to MRTA (24) Acknowledge and give advice in other issues. (24) Acknowledge and (23) Revise the Charter of the Ministry of Finance on the to bring it up-to-date with the Regulation of the Audit Committee (22) Acknowledge observation report(22) Acknowledge observation M.R.T. underground system, Office on emergency drills within the by the Audit (21) Acknowledge human resources development plan for internal auditors of the Audit Office for the fiscal year 2013, internal auditors of the Audit Office for resources development plan for (21) Acknowledge human (20) Acknowledge and give suggestions on the conflict issues between MRTA and Bangkok Metro Public Company Limited and Bangkok Metro Public Company between MRTA give suggestions on the conflict issues (20) Acknowledge and (19) Acknowledge independent evaluation report independent (19) Acknowledge Sor Report internal auditor (Por by the fiscal year 2011 Form) for the

independent mind and fairness to the best of its knowledge and ability. Frank opinions were also given to all concerned parties of its knowledge and ability. Frank opinions were also given to all concerned independent mind and fairness to the best for the best interest of MRTA. timeframe.

Audit Committee and Internal Audit Agency of State Enterprises B.E. 2555, Internal Audit Agency of State Enterprises Audit Committee and

(BMCL), (October 2010 - September 2011), (October (18) 2012, for the fiscal year Committee

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 102 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 103103

(Mrs. Klednathee Manosanti) Klednathee (Mrs.

We have audited the We have audited the of statement statement of financial position position under equity method and separate financial require that we auditing standards. Those standards audits in accordance with generally accepted We conducted the of the statements present fairly, in all material respects, the financial positions In our opinion, the aforementioned financial statements, the Office of the Auditor General would like to draw attention Without qualifying an opinion on these financial (1) adopted the new and revised financial reporting has by the Federation 5: MRTA standards issued Notes 3.1, 3.2, 4 and (2) September 2012 from concessionaire not yet recognized as income from 1 October 2005 to 30 Notes 7.21 Income Director of Financial Audit Office No. 5 No. Office Audit Financial of Director Office of the Auditor General 27 March 2013 Group Director Director Group (Mrs. Kritiyaporn Petchuay) Kritiyaporn (Mrs.

under the cost method as of 30 September 2012 and 2011, as of 30 September 2012 and 2011, under the cost method income under equity method the statement of comprehensive method and separate method, changes in equity under equity of comprehensive income under cost and separate statement under cost method for equity method and separate cash flows cost method, and cash flows under changes in equity under of the are the responsibility financial statements These of Thailand. Transit Authority ended of the Mass Rapid the years then an opinion Our responsibility is to express correctness and completeness of the presentation. management as to their MRTA’s based on our audits. on these financial statements plan and performare free of material to obtain reasonable assurance about whether the financial statements the audits on a test basis, evidence supportingmisstatement. An audit includes examining, in the financial the amounts and disclosures by the the accounting principles used and significant estimates made statements. An audit also includes assessing overall financial statement presentation. We believe our audit provides a reasonable management, as well as evaluating the basis for the opinion. of its operations and cash flows for the years then ended, and are in as of 30 September 2012 and 2011, and the results MRTA principles. conformity with generally accepted accounting to the following: to the financial statements beginning on or after January 1, 2011. The financial of Accounting Professions, which are effective separate financial statements under cost method for the year then ended September statements under equity method and the have been restated accordingly; 30, 2011, shown herewith as comparison remuneration from commercial development under totals Baht 24.39 million, which includes the concession agreement which remuneration from commercial development the concessionaire did not pay on time in the amount of Baht 2.21 million and pay on time under the resolution of the Board other than under the concession agreement which the concessionaire did not 22.18 million. of Directors of the Mass Rapid Transit Authority of Thailand in the amount of Baht To the Board of Directors of the Mass Rapid Transit Authority of Thailand Mass Rapid Transit of Directors of the To the Board Auditor’s Report Report Auditor’s Unit : Baht 9,064,758.69 36,949,724.23 19,915,291.16 42,615,772.98 58,363,113.70 207,503,052.43 318,915,267.37 864,345,047.93 8,220,944,974.17 2,987,500,000.00 1,355,624,566.46 1,328,958,784.73 34,271,101,689.87 64,420,128,672.36 13,070,696,005.00 39,578,421.95 18,521,336.94 40,084,142.82 89,663,903.99 11,860,853.13 132,075,175.93 373,514,877.62 8,318,686,450.09 2,987,500,000.00 1,573,114,724.95 1,288,575,135.86 1,072,112,088.60 37,599,743,157.87 62,541,708,711.84 28,255,176,565.60 Separate Financial Statements Presenting Separate Financial Statements Investment under Cost Method 9,064,758.69 36,949,724.23 19,915,291.16 42,615,772.98 58,363,113.70

207,503,052.43 318,915,267.37 864,345,047.93 8,220,944,974.17 1,313,851,303.51 1,355,624,566.46 1,328,958,784.73 34,271,101,689.87 64,420,128,672.36 13,070,696,005.00 39,578,421.95 18,521,336.94 40,084,142.82 89,663,903.99 11,860,853.13 132,075,175.93 373,514,877.62 Financial Statements Presenting Financial Statements 8,318,686,450.09 1,008,015,017.51 1,573,114,724.95 2,967,802,035.13 2,787,150,024.85 2,967,802,035.13 2,787,150,024.85 1,288,575,135.86 1,072,112,088.60 37,599,743,157.87 62,541,708,711.84 28,255,176,565.60 139,394,628,529.57 122,751,827,999.74142,362,430,564.70 141,374,113,512.06 125,538,978,024.59 124,425,476,696.23 144,341,915,547.19 127,212,626,721.08 Investment under Equity Method 7.6 7.7 7.8 7.9 7.1 7.2 7.3 7.4 7.5 7.10 7.11 7.12 Notes 2012 2011 2012 2011 Assets Line Project: Assets Total non-current assets Total current assets

Deferred long-term leasehold Right to use underground space Intangible assets M.R.T. Chaloem Ratchamongkhon Work in process Land, building and equipment Expenses for land acquisition Investment in associated undertakings Advances Total Assets Other current assets Account deposit - land acquisition deposit Land acquisition cost in process Receivable government subsidies Trade and other receivables Cash and cash equivalents Non-current Assets Current Assets

the accompanying notes are an integral part financial statements. of these

Mass Rapid Transit Authority of Thailand of Thailand Authority Rapid Transit Mass 2011 2012 and 30 September Sheets As of Balance

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 104 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 105 Unit : Baht - 3,848,519.96 19,805,891.76 49,436,505.42 20,661,426.98 201,113,223.45 318,915,267.37 864,345,047.93 506,285,280.72 1,826,598,036.65 4,427,651,656.56 63,797,664,613.71 90,169,450,107.54 (34,993,148,856.97) 2,542,259.25 17,105,154.24 89,663,903.99 91,688,328.29 19,182,486.32 587,675,429.92 339,690,274.14 111,456,280.48 (Mrs. Pouangyok Boonthanom) 1,288,575,135.86 2,413,762,414.85 4,362,252,204.64 72,862,613,494.47 97,921,926,163.34 Separate Financial Statements Presenting Separate Financial Statements (35,766,217,982.60) Investment under Cost Method Director of Accounting and Finance Department - 3,848,519.96 20,661,426.98 19,805,891.76 49,436,505.42 201,113,223.45 318,915,267.37 864,345,047.93 506,285,280.72 1,826,598,036.65 4,427,651,656.56 63,797,664,613.71 90,169,450,107.54 (36,666,797,553.46) 2,542,259.25 19,182,486.32 89,663,903.99 91,688,328.29 111,456,280.48 587,675,429.92 17,105,154.240 339,690,274.14 Financial Statements Presenting Financial Statements 9,192,955,105.18 8,217,999,429.82 9,192,955,105.18 8,217,999,429.82 1,288,575,135.86 2,413,762,414.85 4,362,252,204.64 35,116,910,529.38 27,130,867,060.25 37,096,395,511.87 28,804,515,756.74 97,921,926,163.34 72,862,613,494.47 142,362,430,564.70 125,538,978,024.59 144,341,915,547.19 127,212,626,721.08 107,245,520,035.32 98,408,110,964.34 107,245,520,035.32 98,408,110,964.34 (37,745,702,965.09) Investment under Equity Method 7.3 7.4 7.19 7.17 7.18 7.13 7.14 7.17 7.15 7.16 Notes 2012 2011 2012 2011 (continued) As of 30 September 2012 and 2011 and 2011 September 2012 As of 30 (continued)

(Mr. Yongsit Rojsrikul) Total Current Liabilities within one year one within Total Non-current Liabilities 98,052,564,930.14 90,190,111,534.52 98,052,564,930.14 90,190,111,534.52

Employee benefit obligations Long-term loans Other current liabilities Deferred income Retention monies Land acquisition deposit in process Accrued land acquisition expenses Unearned rental right revenue Long-term loans due Accrued interest Other account payables Account payables in process Capital Retained earning

Non-current Liabilities Current Liabilities Liabilities and Equity and Liabilities Total Equity Total Liabilities and Equity Total Liabilities Equity

the accompanying notes are an integral part financial statements. of these Mass Rapid Transit Authority of Thailand Authority Rapid Transit Mass Sheets Position Balance

Governor of Mass Rapid Transit Authority of Thailand Mass Rapid Transit Authority of Thailand of Thailand Authority Rapid Transit Mass 2011 2012 and 30 September Sheets As of Balance - - - Unit : Baht 776,871.43 - 28,713,751.47 15,182,554.54 12,754,325.50 31,504,787.36 12,041,284.26 28,602,096.52 43,583,930.36 585,513,931.56 280,715,220.20 179,196,045.36 864,507,656.10 441,068,081.59 1,905,536,167.08 9,187,943,251.84 (11,832,384,409.02) (11,832,384,409.02) 215,507.88 - - - 30,053,314.37 41,180,302.43 16,275,569.57 32,031,747.59 49,239,143.71 12,449,691.87 14,146,549.13 309,922,546.55 193,101,801.37 814,082,246.12 398,221,888.15 (670,255,231.14) 2,039,595,741.27 2,576,544,392.72 1,917,458,845.83 1,995,395,877.77 (670,470,739.02) (Mrs. Pouangyok Boonthanom) Separate Financial Statements Presenting Separate Financial Statements Investment under Cost Method Director of Accounting and Finance Department

- - - 28,713,751.47 31,504,787.36 12,041,284.26 28,602,096.52 43,583,930.36 585,513,931.56 280,715,220.20 179,196,045.36 864,507,656.10 273,958,114.38 441,068,081.59 776,871.43 1,905,536,167.08 9,187,943,251.84 15,182,554.54 12,754,325.50 12,691,856,454.96 3,247,015,131.74 12,417,898,340.58 (12,106,342,523.40) (12,106,342,523.40) 215,507.88 - - 30,053,314.37 41,180,302.43 16,275,569.57 32,031,747.59 49,239,143.71 12,449,691.87 14,146,549.13 309,922,546.55 193,101,801.37 814,082,246.12 305,836,286.00 536,948,651.45 556,800,180.09 536,948,651.45 556,800,180.09 398,221,888.15 Financial Statements Presenting Financial Statements 2,039,595,741.27 2,576,544,392.72 1,917,458,845.83 1,995,395,877.77 (976,307,025.02) 3,552,851,417.74 Investment under Equity Method 7.22 7.20 Notes 2012 2011 2012 2011 (Mr. Yongsit Rojsrikul) Governor of Mass Rapid Transit Authority of Thailand Receivable interest Profit from sale of assets Other revenue Profit from exchange rate Employee benefit expense Personnel expense Depreciation and amortization Other expenses Loss from exchange rate Financial cost Share of loss from investment under equity method

From Park & Ride fees From approval to use immovable property From shop rental From concession contract From subsidies

Other revenue Expenses Total Revenue from Operation Total Revenue Total Other Revenue Profit from actuarial estimates actuarial from Profit Other comprehensive income Loss for the year Total comprehensive loss for the year (976,091,517.14) Revenue from operation Revenue Total Expenses

The accompanying note are an integral part financial statements. of These

Statement of Income As of 30 September 2012 and 2011 2012 As of 30 September of Income Statement Mass Rapid Transit Authority of Thailand Authority Transit Rapid Mass

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 106 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 107

Unit : Baht Unit : Baht Total Total (670,255,231.14) (102,813,894.49) (976,091,517.14) (102,813,894.49) 9,008,471,300.46 9,064,948,880.76 9,008,471,300.46 9,064,948,880.76

31,628,428,865.30 28,701,701,862.25 30,228,738,283.19 28,804,515,756.74 27,028,053,165.76 27,130,867,060.25 (11,832,384,409.02) (12,106,342,523.40) - - - - (Mrs. Pouangyok Boonthanom) (102,813,894.49) (670,255,231.14) (102,813,894.49) (976,091,517.14) (23,160,764,447.95) (11,832,384,409.02) (34,993,148,856.97) (35,095,962,751.46) (24,560,455,030.06) (12,106,342,523.40) (36,666,797,553.46) (36,769,611,447.95) Retained Earnings Retained Earnings under Cost Method Director of Accounting and Finance Department

------Separate Financial StatementsPresenting Investment Separate Financial StatementsPresenting Investment Separate Financial StatementsPresenting Investment Separate Financial StatementsPresenting 9,008,471,300.46 9,064,948,880.76 9,008,471,300.46 9,064,948,880.76 63,797,664,613.71 (34,993,148,856.97) 28,804,515,756.74 63,797,664,613.71 (36,666,797,553.46) 27,130,867,060.25 72,862,613,494.47 (35,766,217,982.60) 37,096,395,511.87 72,862,613,494.47 (37,745,702,965.09) 35,116,910,529.38 54,789,193,313.25 63,797,664,613.71 63,797,664,613.71 54,789,193,313.25 63,797,664,613.71 63,797,664,613.71 under equity Method equity under

Note Capital Note Capital (Mr. Yongsit Rojsrikul)

Governor of Mass Rapid Transit Authority of Thailand Begining balance as of 30 September 2011 Comprehensive loss for the year Increased during the year Begining balance as of 1 October 2010 Begining balance as of 30 September 2011 Ending balance as of 30 September 2012 Fiscal year net loss Increased during the year 7.19 year the during Increased Impact from changes in accounting policy 4.2 policy accounting in changes from Impact Begining balance as of 1 October 2011 Fiscal year net loss Increased during the year Increased during the Begining balance as of 1 October 2010 Begining balance as Ending balance as of 30 September 2012 Comprehensive loss for the year Increased during the year 7.19 year the during Increased Impact from changes in accounting policy 4.2 policy accounting in changes from Impact Begining balance as of 1 October 2011

Statement of Changes in Equity of Changes Statement 2012 and 2011 September Year Ended 30 For the of Thailand Authority Transit Rapid Mass The accompanying note are an integral part financial statements. of these Mass Rapid Transit Authority of Thailand Authority Transit Rapid Mass and 2011 2012 As of 30 September of Income Statement

- - - - 118,706.15 315,462.33 Unit : Baht (747,442.96) 12,938,655.04 (1,481,599.08) (4,770,133.67) 864,507,656.10 161,943,730.52 (20,874,488.22) 12,059,751.91 391,091,510.16 (85,308,407.00) (35,738,289.66) (15,182,554.54) 1,905,536,167.08 9,025,999,521.32 (11,832,384,409.02)

- - 1,018,613.01 (215,507.88) 12,449,691.87 (2,700,737.52) 81,390,149.20 (1,306,260.71) (1,478,940.66) (3,591,798.00) (4,102,581.82) 814,082,246.12 ( 42,825,353.98 31,359,801.75 (30,053,314.37) Investment under Cost Method Investment under Cost (73,712,062.23) (670,255,231.14) 1,917,458,845.83 (167,030,438.20) (243,644,348.16) (1,751,751,529.61) Separate Financial Statements Presenting Separate Financial Statements

- - - 118,706.15 315,462.33 (747,442.96) 12,938,655.04 12,059,751.91 (1,481,599.08) (4,770,133.67) 273,958,114.38 864,507,656.10 (20,874,488.22) (15,182,554.54) 391,091,510.16 (85,308,407.00) (35,738,289.66) 1,905,536,167.08 161,943,730.52 9,025,999,521.32 (12,106,342,523.40) - 1,018,613.01 (215,507.88) 42,825,353.98 48,070,852.66 109,672,668.50 48,070,852.66 109,672,668.50 12,449,691.87 (2,700,737.52) 81,390,149.20 31,359,801.75 (1,306,260.71) (1,478,940.66) (4,102,581.82) 814,082,246.12 305,836,286.00 (30,053,314.37) (3,591,798.00)) Financial Statements Presenting Financial Statements (73,712,062.23) Investment Under Equity Method Investment Under Equity (49,258,048.54) 378,023,836.46 (49,258,048.54) 378,023,836.46 1,917,458,845.83 (167,030,438.20) (976,091,517.14) (243,644,348.16) (1,751,751,529.61)

Note 2012 2011 2012 2011

Other account payables Unearned rental right revenue Rentention monies Other current liabilities Deferred income Cash for employee benefit obligation Cash from interest Account Receivable and other receivables Outstanding receivable subsidies Receivable government subsidies Other current assets Depreciation and amortization (Profit) from sale of property Realized (profit) loss on exchange rate Unrealized (profit) loss on exchange rate Share of net loss from investment under equity method Employee benefit expense Profit from actuarial estimates Financial costs operating assets and liabilities Receivable interest

(paid) operating activities

(Decrease) Increase in operating liabilities Receivable cash from operation (Increase) Decrease in operating assets Profit from operation prior to changes in Total comprehensive loss Total comprehensive Adjustments to reconcile comprehensive profit loss to cash provided by

Net cash from (used in) operating activites Cash Flows from Operation Activities Cash Flows from Operation For the Year Ended 30 September 2012 and 2011 2012 and 2011 September Year Ended 30 For the Statement of Cash Flows Flows of Cash Statement Mass Rapid Transit Authority of Thailand of Thailand Authority Transit Rapid Mass

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 108 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 109 Unit : Baht 776,878.43 - 791,717,618.15 537,241,166.58 (30,081,575.12) (34,200,146.38) 1,328,958,784.73 (226,913,206.46) 9,008,471,300.46 (953,714,744.57) 16,911,530,602.32 14,068,699,572.58 (12,581,050.10) (5,211,925,526.15) (4,913,229,844.17) (2,250,916,291.89) (9,285,168,036.51) (16,752,313,272.20)

- - (2,307,842.09) (3,065,953.75) Investment under Cost Method Investment under Cost 1,328,958,784.73 1,072,112,088.60 9,064,948,880.76 (256,846,696.13) (217,490,158.49) (2,628,697.72) 17,500,905,927.34 13,879,169,488.82 (1,204,785,531.79) Separate Financial Statements Presenting Separate Financial Statements (3,358,380,973.09) (4,225,300,915.70) (1,217,911,526.54) (12,919,835,418.00) (17,708,494,574.93)

(Mrs. Pouangyok Boonthanom)

776,878.43 - Director of Accounting and Finance Department 791,717,618.15 (12,581,050.10) 537,241,166.58 (30,081,575.12) (34,200,146.38) 1,328,958,784.73 9,008,471,300.46 (226,913,206.46) (953,714,744.57) 16,911,530,602.32 14,068,699,572.58 (4,913,229,844.17) (2,250,916,291.89) (9,285,168,036.51) (5,211,925,526.15) (16,752,313,272.20) - - (2,307,842.09) (3,065,953.75) (2,628,697.72) Financial Statements Presenting Financial Statements Investment Under Equity Method Investment Under Equity 1,328,958,784.73 1,072,112,088.60 (217,490,158.49) 9,064,948,880.76 (256,846,696.13) 17,500,905,927.34 13,879,169,488.82 (1,204,785,531.79) (3,358,380,973.09) (4,225,300,915.70) (1,217,911,526.54) (12,919,835,418.00) (17,708,494,574.93) Note 2012 2011 2012 2011 (Mr. Yongsit Rojsrikul) Advance payment for construction of MRT projects Cash from sale of property Payment for land expropriation Payment for construction of buildings Payment for purchase of equipment Right to use underground space for construction of projects Payment for land acquisition Payment for construction of MRT projects Receipt of long-term loan Payment of loan Payment of interest Receipt of subsidies

Governor of Mass Rapid Transit Authority of Thailand

Cash flows from investing activities Cash flows from investing Net cash used in investing activities Net cash from financing activities Increase in net cash and cash equivalent Beginning cash and cash equivalent 7.1 equivalent cash and cash Ending Cash flows from financing activities

The accompanying notes are an integral part financial statements. of These Statement of Cash Flows Flows of Cash Statement Mass Rapid Transit Authority of Thailand of Thailand Authority Transit Rapid Mass For the Year Ended 30 September 2012 and 2011 September Year Ended 30 For the

Notes to Financial Statements to Financial Notes

on presentation of financial statements, on Inventories, on cash flows, on accounting policy, changes in accounting estimates and errors, on incidents after reporting cycles, on construction agreements,

Accounting Standards No. 2 (revised in 2009 Accounting Standards No. 7 (revised in 2009) Accounting Standards No. 1 (revised in 2009) Accounting Master Plan (revised in 2009) Accounting Standard, Financial Report of Accounting Standards and new Financial Report Standards, Interpretation Carry on the business of mass rapid transit in Bangkok and its vicinity, including other provinces as prescribed by the Royal its vicinity, including other provinces as of mass rapid transit in Bangkok and Carry on the business plans for improving and modernize advance mass rapid transit business. Study, analyze, and prepare projects or and passengers of MRTA. transit business and other business for the benefits of MRTA Operate business concerning mass rapid Accounting Standards No. 8 (revised in 2009) Accounting Standards No. 10 (revised in 2009) Accounting Standards No. 11 (revised in 2009)

General Information The financial statements are prepared in accordance with accepted accounting principles under the Accounting generally Effective for accounting period commencing on or after 1 January 2011 Effective on 26 May 2010 In 2010, the Federation of Accounting Professions issue new Accounting Standards, Financial ReportIn 2010, the Federation of Accounting Professions issue new Accounting Standards, Standards, Interpretation of On 1 August 2000, MRTA granted concession to Bangkok Metro Public Company Limited (BMCL) under the Contract on MRT granted concession to Bangkok On 1 August 2000, MRTA Located at No. 175, Rama 9 Road, Huay Kwang, Bangkok 10320 Located at No. 175, Rama 9 Road, Huay

The Mass Rapid Transit Authority of Thailand (MRTA) was established on 2 December 2000 under the Mass Rapid Transit Authority on 2 December 2000 under the Authority of Thailand (MRTA) was established The Mass Rapid Transit

1. Act B.E. 2543. Presentation of particulars No. 1 (amended in the financial statements is in accordance with the Accounting Standard in 2009) re: Presentation of Financial Statements and Notification of the Department of Business Development re: Specification of Particulars 28 September 2011. to be Included in the Financial Statements B.E. 2011 dated

- - - - - Accounting Standards, and new Financial Report have been announced in the Government Gazette, as follows: Standards, which Standards, including Account Master Plan, and Revised Accounting Standards and Financial ReportStandards, including Account Master Plan, and Revised Accounting Standards Standards 3. Compliance with New or Amended Accounting Standards 3.1 2. Basis for Preparation and Presentation of Financial Statements 2. Basis for Preparation and Presentation Chaloem Ratchamongkhon Line Project (concession contract) to be the investor in the MRT system and provide service of MRT (concession contract) to be the investor in the MRT system and provide service Chaloem Ratchamongkhon Line Project Chaloem Ratchamongkhon Line (Hua Lamphong - Queen Sirikit National Convention Center - Bang Sue). The 25-year concession generates issued a Notice of No Objection to the provision of service which started is the date on which MRTA on 2 July 2004, which on 2 March 2000. The MRT opened for service on 3 July 2004. income, with consent from the cabinet Under the concession contract, BMCL is required to pay remuneration to MRTA in accordance with the rate specified rate from commercial development, remuneration from the profits exceeding the specified thereunder, consisting of fares, revenue and share in the of BMCL taking loan with lower interest rate than that specified under the contract. benefits as a result

Decree, as well as inter-province routes; Decree, as well as inter-province 2. 3. of Thailand ACT B.E. 2543 (2000). MRTA was assigned business, property, 2543 (2000). MRTA was assigned business, of Thailand ACT B.E. and responsibilities, as well as the budget rights, liabilities, Rapid Transit Authority B.E. 2535 Decree Establishing the Metropolitan Rapid Transit Authority under the Royal of the Metropolitan of MRTA are as follows: effective date of the Act. The objectives (1992) existing on the 1.

- -

Mass Rapid Transit Authority of Thailand of Thailand Authority Rapid Transit Mass For the year ended 30 September 2012 and 2011 September year ended 30 For the

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 110 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 111 on intangible assets, on real estate for investment, on spending based on shares, on business combinations, on non-current assets held for sale and aborted operations, resources, on exploration and assessment of mineral on revenue - Barter transactions involving advertisingservices. on real estate construction agreements. on income tax, on accounting for government subsidy and disclosure of information concerning government aides, on impact from the exchange rate change. on help from the government - in the case of no specific connection with the operation activities; on income tax - Recovery of Revalued Non-Depreciable Assets on Changes in the Tax Status of an Enterprise or its Shareholder on land, buildings and equipment, on land, buildings and on rent agreements, on revenues, on employees’ benefits, on costs of loans, about related persons or enterprises on disclosure of information on investment in affiliated companies, on financial reports inflation conditions, in serious on interests in joint ventures, on profit per share, on interim financial on asset impairment, on accounting and benefit reporton accounting and benefit after resignation, for specific enterprises, on overall financial statements and financial statements on liability estimates, possible

Accounting Standards No. 40 (revised in 2009) Accounting Standards No. 40 (revised in Financial ReportNo. 2 Standards Financial ReportNo. 3 (revised in 2009) Standards Financial ReportNo. 5 (revised in 2009) Standards Financial ReportNo. 6 Standards Financial Reportfor Financial Report Standards (NPAEs) Standards for Non - Publicly Accountable Entities Interpretation of Accounting Standards No. 31 Interpretation of Financial Report Standards No. 15 New Accounting Standards, new Financial Report Accounting Standards not yet effective Standard, and revised Accounting Standards No. 12 Accounting Standards No. 20 (revised in 2009) Accounting Standards No. 21 (revised in 2009) Interpretation of Accounting Standards No. 10 Interpretation of Accounting Standards No. 21 Interpretation of Accounting Standards No. 25 Accounting Standards No. 38 (revised in 2009) Accounting Standards No. 38 (revised in Accounting Standards No. 27 (revised in 2009) Accounting Standards No. 27 (revised in 2009) Accounting Standards No. 28 (revised in Accounting Standards No. 16 (revised in 2009) Accounting Standards No. 17 (revised in 2009) Accounting Standards No. 18 (revised in 2009) Accounting Standards No. 19 Accounting Standards No. 23 (revised in 2009) Accounting Standards No. 24 (revised in 2009) Accounting Standards No. 26 Accounting Standards Accounting Standards No. 29 2009) Accounting Standards No. 31 (revised in 2009) Accounting Standards No. 33 (revised in 2009) Accounting Standards No. 34 (revised in 2009) Accounting Standards No. 36 (revised in 2009) Accounting Standards No. 37 (revised in

- 3.2 Effective for the financial period commencing on or after 1 January 2013 ------No. 2 (revised in 2009), No. 12, No. 29, No. However, the management has evaluated and feels that the Accounting Standards ------

31 (revised in 2009), No. 33 (revised in 2009), Financial Report No. 2, No. 3 (revised in 2009), No. 5 (revised in 2009), and Standards and Interpretation of No. 6 Financial Report Standards for Financial Report for Non-Publicly Accountable Entities (NPAEs), Standards Financial Report business. Standards No. 31are not related to MRTA’s

Notes to Financial Statements to Financial Notes Mass Rapid Transit Authority of Thailand of Thailand Authority Rapid Transit Mass 2012 and 2011 September year ended 30 For the 9.07 67.43 58.36 429.74 33,861.28 Unit : Million Baht Separate financial statements with investment presented by cost method 9.07 67.43 58.36 429.74 33,861.28 on disclosure of information on service of information on on disclosure concession an agreement constitutes on whether a lease agreement on service concession Program on Customer Privilege presented by equity method

Financial statements with investment

Employees’ Benefits Presentation of Financial Statements Interpretation of Accounting Standards No. 29 of Accounting Standards Interpretation of Financial ReportInterpretation No. 4 Standards ReportInterpretation of Financial 12 Standards No. ReportInterpretation of Financial 13 Standards No. Other current assets Trade and other receivables Other current assets Account receivables - EXAT Land, building and equipment Reclassification As previously reported Statement of Financial Position As previously reported The Financial Statements for year ended 30 September 2011 has been reclassified to be consistent with the financial statements The Financial Statements for year ended 30 September 2011 has been reclassified Accounting Standard No. 19 on employees’ benefits specify that the valuation of post-employment benefits Accounting Standard No. 19 on employees’ other long- and Accounting Standard No. 1 (revised in 2009) on presentation of financial standards: under the terms thereof, presentation of 2009) on presentation of financial standards: under the terms thereof, presentation Accounting Standard No. 1 (revised in Compliance with the revised accounting standards and financial reportCompliance with the revised accounting changes: standards causes the following significant The administrative department standards, new accounting standards, and found that such revised accounting has evaluated for the year ended 30 September 2012, as follows:

5. Reclassification term benefits are calculated by actuarial principles. MRTA chooses to recognize the past employee benefit obligations in whole, chooses to recognize the past employee benefit obligations in whole, principles. MRTA term benefits are calculated by actuarial caused forward from beginning of 2012. The implantation of such Accounting Standard adjusted with the accumulated lost carried 2012 increase by Baht 102.81 million, obligation of employees benefits as of 30 September the accumulated cost carried forward to of employees benefits for the current period to be Baht 12.45 million, and actuarial gains to increase by Baht 111.46 million, expense the notes to financial statements. of Baht 0.21 million, as detailed in 7.18 of

financial statements contain statement of financial position, financial statements contain statement of changes in owners’ statement of comprehensive income, statements of of financial to financial statements, have been changed. This affect the reclassification equity, statement of cash flow, and notes the notes to 2012 and year ended 30 September 2011, compared in clause 5 of statements for the year ended 30 September financial statements. 4.2

4.1

4. Significant Changes Effective for the financial period commencing on or after 1 January 2014 commencing on the financial period Effective for - significantly affect the financial of accounting standards will not standards and new interpretation interpretation of accounting effective. in which such account standards become statements for the year - - -

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 112 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 113 19.92 19.81 31.49 31.49 49.44 575.53 506.28 409.58 441.07 459.91 280.71 179.20 833.02 864.51 34,271.10 Unit : Million Baht Separate financial statements with statements Separate financial investment presented by cost method investment 19.92 49.44 19.81 31.49 31.49 575.53 506.28 409.58 441.07 459.91 280.71 179.20 833.02 864.51 34,271.10

presented by equity method presented

Financial statements with investment Financial statements Investment in associated undertakings Cash and Cash Equivalent Trade and other receivables Financial cost Interest payable of construction expense for Interest payable of construction expense MRT Chaloem Ratchamongkhon Project Interest payable responsible by the Government Personnel cost Other expense Administrative expense Subsidiaries Subsidiaries Loan interest under government responsibility Other creditors Deposit and performance bond Other current liabilities Other current liabilities Other current liabilities Land, building and equipment Intangible assets Reclassification As previously reported Reclassification As previously reported Reclassification Statement of Comprehensive Income As previously reported Reclassification As previously reported Reclassification Investment in associate is presented the proportionby equity method in accordance with of investment in the associates. The 6.3 6.1 period and with no obligation Means cash and deposit at the bank with not more than three months of payment 6.2 Account receivables are initially recognized by expected value and subsequently with remaining amount from deducting allowance separate financial statements presents the investment value by cost method. for doubtful accounts, estimated from checking up the remaining amount as of the end of the period. Allowance for doubtful account for doubtful accounts, estimated from checking up the remaining amount as of the receive from the account to value estimated account receivables and expected the value of book the between means the difference as of the date of the statement of financialreceivables, depending on the experience in collection and status of outstanding receivables shall be considered as partposition. Bad debts are recognized in the statement of comprehensive income, and of operating expense. 6. Summary of Significant Accounting Policies

80 100 5-10 20-50 20-30 rogram which can be separated from Useful Life (years) of Assets Architectural works, trackwork and mechanical and electrical work Vehicle and equipment and entrances - exit, etc. Tunnel, station box structures canal, bridge, and dam Elevated concrete platform, Building, bridge and entrance-exit of Park and Ride Facility Foreign Loan Deferred long-term leasehold Right to use underground space for project construction Right to use underground space for project Work in Process This is shown in cost price less accumulated amortizationshown in cost This is and allowance for impairment of assets. Accumulated amortization is Post-employment benefits 6.10 Benefits of Employees Transactions in foreign currency would be converted exchange rate of the Bank of Thailand on the date of by the average Construction of the mass rapid transit system includes construction of underground tunnels without transferring of title to the land, includes construction of underground Construction of the mass rapid transit system Expenses arising from development and maintenance of computer programs shall be recognized as expenses in the statement maintenance of computer programs shall be recognized as expenses in the statement Expenses arising from development and Land, presented in accordance with the cost price as of the date of purchase or receipt plus expenses from land acquisition. plus expenses from purchase or receipt as of the date of with the cost price in accordance Land, presented 6.4 Land, Building and Equipment and Equipment 6.4 Land, Building Assets and liabilities which are remaining foreign currency as of the end of the fiscal period, shall be convertedAssets and liabilities which are remaining foreign currency as of the end of the fiscal to Thai Baht using the Intangible assets are and cost directly relating to identifiable and unique p software license 6.6 Intangible Assets Entries recognized on the work acceptance date by the Inspection and Acceptance Committee. Entries recognized on the work acceptance Assets received from donation and used in the operation are recognized as income awaiting recognition, which shall be in the operation are recognized as income awaiting recognition, which Assets received from donation and used the computer, of which the cost can be precisely identified. Intangible assets are presented in cost price less accumulated amortization identified. Intangible assets are presented in cost price less accumulated the computer, of which the cost can be precisely and impairment of assets, amortization five years. calculated by straight-line method in accordance with the useful life within Post-employment benefits of MRTA employees consist of defined contribution plan and benefit plan. employees consist of defined contribution plan and benefit Post-employment benefits of MRTA

transaction, except for long-term international loan with exchange derivatives with Krungthai Bank, which shall be convertedtransaction, except for long-term international loan with exchange derivatives by the average exchange rate of Krungthai Bank as of the date of receipt of loan. in accordance with the announcement of the Bank ofclosing rate which is the average purchase rate and sale rate of commercial banks or expense in the statement of comprehensive Thailand on such day. Profit or loss from the exchange rate is recognized as income income.

calculated by a straight-line method. 6.9

but is subject to burden in the land under the Act on Procurement of Immovable Propertybut is subject to burden in the land under the Act on Procurement of Immovable for Mass Transit Business B.E. 2542 (1999) Immovable Propertyand Ministerial Regulation No. 2 (B.E. 2542) issued under the Act on Procurement of for Mass Transit Business B.E. 2542 (1999) . This is considered right to use underground space which is shown as cost without amortization period. because of the unlimited 6.8 of comprehensive income 6.7

Building and equipment, presented in accordance with the cost price as the date of purchase or receipt or completion, less the completion, less the or receipt or as the date of purchase with the cost price in accordance equipment, presented Building and as 30,000, recognized exceeding Baht a unit price of not Equipment with impairment of assets. depreciation and accumulated a straight-line method, to write Depreciation is calculated based on and recorded accordingly in control book. expense as a whole useful life without scrap value as follows: classification of assets over its estimated off the cost of each

recognized as income in accordance with useful life of assets. recognized as income in accordance with 6.5

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 114 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 115

Government subsidies Recognition of Expense Borrowing Costs Recognition of Revenues Other borrowing expenses are considered expenses in the period in which the transaction occurs Other borrowing expenses are considered expenses in the period in which the 6.11 Profits and loss from actuarial estimate of the benefit plan will be recognized as comprehensive profit or loss in the period which the benefit plan will be recognized as comprehensive profit or loss in the period Profits and loss from actuarial estimate of Liabilities arising from the terms concerning post-employment benefits is calculated by the actuary using the projected unit post-employment benefits is calculated by the actuary using the projected Liabilities arising from the terms concerning : 60 years of age: retired employees are entitled to the following remuneration The benefits of the retirement plan for employees MRTA offers a post-employment benefit plan. The benefits which the employees entitled to are are remuneration in accordance MRTA Benefit Plan specifies benefit plan the of age. Generally, 60 years employees plan for but a retirement plan, plan is not a contribution Benefit Defined contribution plan Defined contribution and has paid contribution and registered, has been established employees fund for MRTA plan: a provident Defined contribution Capitalization rate used for calculation of borrowing costs which make up the cost price of an asset is the average interest rate ofCapitalization rate used for calculation of borrowing costs which make up the cost Borrowing costs include interest and other costs arising from borrowing. Borrowing cost concerning acquisition, construction, or Borrowing costs include interest and other costs arising from borrowing. Borrowing on for subsidy for administrative expense and interest incurred on loan for land acquisiti are recognized as capital except Government Income from provision of parking lot is recognized as income from provision of service. Income from provision of parking lot is recognized as income from provision of yield on the asset. Interest income is recognized on a time basis, taking into account the effective Other Income are recognized on accrual basis. 6.13 Expenses are recognized on accrual basis. 6.14 Income from grant of concession, income from kiosks, and income from permission to use immovable propertyIncome from grant of concession, income from kiosks, and income from permission are recognized Government subsidies are recognized as income in the amount equal to the amount of loan interest for land expropriation as income in the amount equal to the amount of loan interest for land expropriation Government subsidies are recognized 6.12 such transaction occurs. credit method. The current value of the obligation from such benefit plan is specified by discounting the cash flow to be paid in the obligation from such benefit plan is specified by discounting the cash flow to be credit method. The current value of the future with the interest rate of government bond in the same currency as the benefits to be paid to the employees. Such shall also as the conditions of the obligation of the post-employment benefits. have similar conditions and maturity date retiring employees who have worked for five years but fewer than 15 years shall be entitled to remuneration equaling to 180 days five years but fewer than 15 years shall be entitled to remuneration equaling retiring employees who have worked for wage rate. have worked for 15 years or more shall be entitled to 300 days of the last of the last wage rate, and employees who with relevant law, under the notification of Committee on State Enterprise Labour Relations or Thai labour law. The amount of such Enterprise Labour Relations or Thai the notification of Committee on State with relevant law, under as of the last day of employment. service at MRTA on the salary base and year of remuneration shall depend the amount of benefit an employee is entitled to upon retirement. Such amount depends on one or more factors such as age, year Such amount depends on one or an employee is entitled to upon retirement. the amount of benefit etc. of service, remuneration, the Chaloem Ratchamongkhon Line. Government subsidy for interest incurred on loan for purchase of BMCL shares are recognized as income. subsidy for interest incurred on loan for purchase of BMCL shares are recognized the Chaloem Ratchamongkhon Line. Government to a separate business. MRTA has no legal obligation or implied obligation to pay additional contribution if the fund does not have if the fund does additional contribution obligation to pay obligation or implied has no legal business. MRTA to a separate previous period. current period or by staff, both in the provision of service arising from to settle the obligation sufficient assets the loan balance during the year. In the case that there is borrowing, especially for construction or production of assets, the borrowingthe loan balance during the year. In the case that there is borrowing, especially for the year of such loan less income from temporarilycost which make up the cost price of an asset is the actual borrowing costs within using such loan for investment. production of assets which meet the criteria will be included as partof the cost of such assets until the most of the necessary action for its intended purpose.preparing, constructing or producing the assets is completed and ready for use for as income in accordance with the term and remuneration rate specified in the contract/agreement. as income in accordance with the term and remuneration rate specified in the expenditures, expenses and purchase of BMCL shares. administrative management 0.13 705.91 698.77 (75.85) 1,328.96 Unit: Million Baht 0.12 2012 2011 438.29 834.75 (201.05) 1,072.11 Financial statements with investment presented by equity method/ Separate financial statements with investment presented by cost method Current account Saving account 3-month fixed account Cash Cash in bank Total Related Person or Business Provident Fund Provident Impairment of Assets Due government subsidiaries: Cash and Cash Equivalent subsidiaries from the government for payment of interest and fees accruing upon the loan for construction of MRT project lines, subsidiaries from the government for payment of interest and fees accruing upon 7.2 7.1 Relation between related person or business and MRTA is considered by its subject matter rather than legal form. and MRTA Relation between related person or business A person or business related to MRTA means a person or business with control over MRTA or which is controlled by MRTA, whether or which is controlled by MRTA, or business with control over MRTA means a person A person or business related to MRTA 6.17 Provident Fund of the MRTA Staff Members was established under the Provident Fund Act B.E.2530 on 23 August 1995. Members 23 August 1995. Members Act B.E.2530 on the Provident Fund was established under Staff Members Fund of the MRTA Provident value may be higher than situation which indicates that the book are revised when there is an event or Impairment of assets 6.15 7. Additional Information Additional 7. as follows:

directly or indirectly, or is under the same controlling authority as MRTA. This includes subsidiary company and business which is a includes subsidiary company This authority as MRTA. or is under the same controlling directly or indirectly, a company with or MRTA, influence in in turn, significant interest and with a company group, under the same company subsidiary and person or business include associated company, joint venture participatedjoint controlling authority. Also, related by MRTA, power, or a significant influence power or joint controlling has controlling business which important or director of MRTA executive in, whether directly or indirectly.

are required to pay the savings into the Fund through MRTA’s deduction from the salaries at the rate of 3% to 9% while MRTA shall of 3% to 9% while MRTA salaries at the rate deduction from the MRTA’s into the Fund through to pay the savings are required in the period in is recognized as expense Such contribution its members’ salaries. the rate of 9% of to the Fund at pay contribution the supervision by a provident fund manager under and is managed occurs. This fund is separate from MRTA which such transaction Committee. of the Provident Fund 6.16 value of an asset is higher will be recognized when the book to be retrieved. Loss entries from impairment the value expected cost, and the value from asset between the fair price less sake to be retrieved. This means the difference than the expected value impairment of assets. The assets for the purpose of assessing be the smallest group which can be separated utilization. Assets will the entries from impairment of assets will be evaluated to determine possibility of reversing which have been recognized with loss position. as of the date of the statement of financial

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 116 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 117 - - -

- - Total 6.39 6.39 1.02

95.85 54.43 49.81 200.09 - Unit: Million Baht - -

- - - -

loan 6.39 6.39 2011 88.43 54.43 142.86 International -

------

1.02 7.42 57.23 49.81 loan -

1.16 3.81 3.81 7.80 29.78 14.84 13.78 90.16 82.77 339.92 159.19 Total Domestic - - -

- - - -

loan 3.81 3.81 2012 82.74 82.77 165.51 International Financial statements with investment presented by equity method/ presented by with investment Financial statements

- - - - 1.16 7.42 7.80 29.78 14.84 13.78 174.41 204.19 169.32 373.51 58.25 149.25 207.50 159.19 Separate financial statements with investment presented by cost method with investment presented financial statements Separate loan Domestic in the amount of Baht 1,288.58 million as compensation for land, constructions, in the amount of Baht 1,288.58 million as compensation for land, constructions, in the amount of Baht 89.66 million, Baht 0.19 million of which are compensation for in the amount of Baht 89.66 million, Baht 0.19 million of which are compensation Samutprakarn - : Bearing Bang Yai - Bang Sue Section : : Bang Sue - Tha Phra Section Project Project Project Bank deposit - land acquisition cost Land Acquisition Cost in Process Sections Kae Section and Bang Sue - Tha Phra Sections The Green Line Section 7.4 7.3 -The Purple Line - -The Blue Line Project: Hua Lamphong - Bang Kae Section -The Blue Line Project: Hua Lamphong - Bang Kae -The Blue Line -The Green Line Project: Bearing - Samutprakarn -The Green Line Project: Bearing - Samutprakarn -The Blue Line Project: Hua Lamphong - Bang -The Blue Line Project: -The M.R.T. Chaloem Ratchamonkhon Line -The M.R.T. Chaloem Bang Yai - Bang Sue -The Purple Line Project: Interest payable on loan for construction of Interest payable on Commitment Charge Total Total Interest on loan for purchase of BMCL shares agreement between the Ministry of Finance and MRTA agreement between the Ministry of Finance Total Fees for extension of loan under loan extension Total agricultural yield, and burden in immovable property of which the owner does not agree to make agreement with MRTA within agricultural yield, and burden in immovable property owner does not agree to make agreement with MRTA of which the accordance with the Expropriation deposits some money for land acquisition at the bank in the period specified by the law. MRTA Act B.E. 2530 and the Act on Procurement of Immovable Propertyfor Mass Transit Business B.E. 2540 for payment to land owner in to be paid in the future. the future. Such amount will be recorded by pairing with land acquisition cost land, constructions, agricultural yield, and burden in immovable propertyLine Project and of M.R.T. Chaloem Ratchamongkhon Section; Baht 60.64 million for the Blue Line Project:Baht 10.23 million of which are for the Purple Line Project: Bang Yai - Bang Sue Hua Lamphong - Bang Khae Section and Bang Sue - Tha Phra and Section; Baht 18.60 million for the Green Line: Bearing - affected by land acquisition. The amount will be Samutprakarn Section. These costs are now under payment process to persons land expropriation expense account recorded in the land acquisition cost in process account paired with the accrued

- 0.44 0.77 2011 90.76 67.86 16.86 40.29

- - 113.09 3,216.95 4,732.28 Unit : Million Baht Unit : Million Baht 0.66 0.55 2012 2012 2011 51.43 46.66 77.75 56.41 16.91 132.08 58.36 113.96 2,285.04 2,336.47 3,307.71 4,653.03 4,777.44 4,913.23 1,148.37 1,204.78 8,318.69 8,220.94 Financial statements with investment presented by equity method/ presented by with investment Financial statements by equity method/ Financial statements with investment presented Separate financial statements with investment presented by cost method with investment presented by cost Separate financial statements presented by cost method Separate financial statements with investment Grand Total Total The Green Line Project: Bearing - Samutprakarn Section Construction contract Consultant contract Total The Blue Line Project : Hua Lamphong - Bang Khae and Bang Sue - Tha Phra Sections Construction contract Consultant contract Construction control consultant contract The Purple Line Project: Bang Yai - Bang Sue Section The Purple Line Project: Bang Yai - Bang Construction contract Consultant contract Total Total VAT Office supplies Undue purchase tax Live assets Other current assets Other current 7.6 Advance 7.6 7.5

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 118 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 119 1.61 31.50 509.99 2,987.50 1,313.85 1,673.00 (256.13) (273.96) 18,562.03 16,297.33 - Unit : Million Baht Unit : Million Baht Unit : Million Baht 6.31 2012 2011 2012 2011 2012 2011 41.18 566.42 2,987.50 1,008.02 1,852.25 (318.31) (305.84) 18,246.67 17,205.11 - Summary of Financial Information of Bangkok Metro Public Company Limited Summary of Financial Information of Bangkok Investment by cost method Investment by equity method Revenue from dividend Limited Market price of Bangkok Metro Public Company Account Receivables Income from granting of concession Share of loss from investment by equity method Related transactions Assets Liabilities Income Loss Investment in Associated UndertakingsInvestment 7.7 Ratchamongkhon the M.R.T. Chaloem Limited, which operates Metro Public Company shares of Bangkok invests in ordinary MRTA

Line and commercial development business. BMCL’s paid-up capital is Baht 11,950 million. MRTA holds 25% of the paid-up capital 25% of the paid-up holds MRTA is Baht 11,950 million. paid-up capital business. BMCL’s development Line and commercial budget in the approving the investment passed a resolution 2005, the Cabinet million. On 31 May of Baht 2,987.60 in the amount further shares, MRTA invested when BMCL issued newly issued million for the share purchase. Subsequently, amount of Baht 2,600 of Finance procured loan for dated 24 January 2006. The Ministry accordance with the cabinet resolution Baht 387.50 million in as follows: purchase of such shares

2.30 (32.04) (107.93) (139.97) 3,358.38 Total 34,379.03 37,739.71 37,599.74 Unit : Million Baht 10.56 518.05 1.56 6,663.12 8,065.79 1,175.17 41.45 12.66 39.89 (4.34) 17,470.74 (24.45) (28.79) Computer equipment -

Unit : Million Baht 2012 2011 989.61 390.79 0.74 6,678.84 8,165.72 3,547.58 67.48 33.33 66.74 (6.48) 37,261.81 33,903.43 17,489.27 - (27.67) (34.15) presented by cost method equipment supplies and EXAT 0.49 - - 10.23 10.23 (8.23) (1.51) (9.74) by Vehicle Office title Separate financial statements with investment

land of

and - - 80.98 80.98 72.38

(2.87) (5.73) (8.60)

Financial statements with investment presented by equity method/ presented by with investment Financial statements system supply Separate financial statements with investment presented by cost method with investment presented statements Separate financial Power, water communications management - management of land title by MRTA Financial statements with investment presented by equity method/ - - Line - 277.76 277.76 219.07 (44.71) (13.98) (58.69) and extension - - - Ratchamongkhon 3,358.38 Land Building - 33,903.43 233.05 78.11 2.00 39.07 15.45 34,271.10 37,261.81 33,903.43 37,261.81 Chaloem M.R.T. The Total Land acquisition by Expressway Authority of Thailand (EXAT) and MRTA Land acquisition by MRTA The Purple Line Project: Bang Yai - Bang Sue Section The Green Line Project: Bearing - Samutprakarn Section Section The Blue Line Project: Hua Lamphong - Bang Khae The Blue Line Project: Bang Sue - Tha Phra Section Land cost in the amount of Baht 37,261.81 million, represents the cost of land expropriated under the Expropriation Act Land cost in the amount of Baht 37,261.81 B.E. 2530 Land, building, and equipment and equipment Land, building, As of 30 September 2011 - Buy/accept donations of assets - Buy/accept donations Cost Price As of 1 October 2011 As of 30 September 2012 Accumulated depreciation As of 1 October 2011 - depreciation As of 30 September 2012 Book value As of 30 September 2012 - Manage land acquisition and the Act on Expropriation of Immovable Propertyand the Act on Expropriation of Immovable Project in Bang Sue, for the Construction of M.R.T. Chaloem Ratchamongkhon The M.R.T. Wattana. Khlong Toey, Pathumwan, and Sathorn in Bangkok B.E. 2552. Chatuchak, Huay Kwang, Din Daeng, Rajathevi, projects are as follows:

7.8

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 120 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 121

- 78,032.54 78,032.54 (1,878.42) Total (13,612.41) (15,490.83)

- 25,201.25 25,201.25 (9,129.94) (1,260.06) Other (10,390.00) systems, etc.) (Architectural Unit : Million Baht and electrical work, mechanical

(92.34) (669.46) (761.80) 2,770.16 2,770.16 - Track work (26.24) (189.63) (215.87) 1,312.07 1,312.07 - Building, overpass Ride facility at Park and and entrance land expropriation carried out by EXAT under the cabinet resolution dated 11 - (61.43) (506.83) (445.40) 4,914.75 4,914.75 Platform, canal, dam Financial statements with investment presented by equity method/ Financial statements with investment presented Separate financial statements with investment presented by cost method Separate financial statements with investment - (438.35) 43,834.31 43,834.31 40,217.98 4,407.92 1,096.20 2,008.36 14,811.25 62,541.71 40,656.33 4,469.35 1,122.44 2,100.70 16,071.31 64,420.13 Civil (3,177.98) (3,616.33) Work Tunnel and Construction Assets of M.R.T. Chaloem Ratchamongkhon Project Assets of M.R.T. Chaloem Some land owners who are still not satisfied with the compensation filed complaints with the court complaints with the compensation filed not satisfied with owners who are still Some land are and legal proceedings Cost price As of 1 October 2011 Assets increased As of 30 September 2012 As of 1 October 2011 depreciation As of 30 September 2012 Book value Accumulated depreciation As of 30 September 2012 As of 30 September 2011 7.9 being carried out. The court may order MRTA to increase the compensation to be paid to the land owners as described in Note compensation to be paid to the land court to increase the being carried out. The may order MRTA Statements. 7.23 to the Financial As of 30 September 2012 and 2011, out of the March 1992 and 28 July 1995 in the amount of Baht 17,489.27 million and Baht 17,470.74 million., EXAT has not transferred the land million, respectively. million and 429.74 of Baht 326.05 in the amount titles to MRTA 2.19 2.19 1.16 15.68 16.89 43.91 19.03 161.70 357.24 161.70 445.73 190.49 221.98 221.98 480.02 205.14 112.78 1,068.24 8,482.07 3,269.54 2,617.64 7,780.02 14,512.86 30 Sep 12 Unit : Million Baht 1.16 39.50 19.03 16.89 15.68 27.94 - - - - 112.78 172.45 179.31 160.13 166.51 172.47 176.88 324.40 205.58

5,967.42 2,405.51 5,897.70 15,938.34 5,367.72 Increased by - - - 4.41 2.19 2.19 4.41 25.83 23.98 - - 161.70 307.57 285.60 212.13 521.71 2,747.83 194.04 27.94 743.84 151.66 161.70 194.04 1,812.60 2,146.00 6,336.07 9,145.14 1 Oct 11 10,040.64

Financial statements with investment presented by equity method/ presented by with investment Financial statements Separate financial statements with investment presented by cost method with investment presented by cost Separate financial statements and Taling Chan - Minburi Section

Consultant fee Construction cost Interest payable on loan Loan fee Consultant fee Consultant fee Construction cost Interest payable on loan Loan fee Consultant fee Consultant fee Construction cost Interest payable on loan Loan fee Consultant fee Construction expense Interest on loan Consultant fee Construction of the Green Line Project: Bearing - Samutprakarn Section Total Total Construction of the Orange Line Project: Bangkapi - Bang Bamru Section Total Construction of the Green Line Project: Mo Chit - Saphan Mai Section Total Total Construction of the Blue Line Project: Bang Sue - Tha Phra Section Construction of the Blue Line Project: Hua Lamphong - Bang Kae Section Construction of the Purple Line Project: Bang Yai - Ratburana Construction of the Purple Line Project: Bang Yai Bang Sue - Ratburana Section Total Bang Yai - Bang Sue Section Bang Yai - Bang Sue Total Construction of the Purple Line Project: Bang Yai - Ratburana Construction of the Purple 7.10 Work in process 7.10 Work

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 122 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 123 8.70 2.98 30 Sep 12 Unit : Million Baht 2.20 2.09 5.10 5.09 3.19 7.27 9.45 5.10 2.77 15.75 0.100.46 9.02 0.17 4.21 0.78 2012 2011 12.74 19.24 Unit : Million Baht Unit : Million Baht 2.482.48 2.48 2.48 2012 2011 48.2418.52 45.17 19.91 (29.72) (25.26) Increased by Increased - - 1 Oct 11 13,070.69 15,184.49 28,255.18 Financial statements with investment presented by equity method/ Separate financial statements with investment presented by cost method Financial statements with investment presented by equity method/ presented by with investment Financial statements Financial statements with investment presented by equity method/ Financial statements with investment presented Separate financial statements with investment presented by cost method with investment presented statements Separate financial Separate financial statements with investment presented by cost method Separate financial statements with investment in the amount of Baht 40.08 million is the rental fee of land leased by Chulalongkorn University

Consultant fee Accumulated amortization Book value Cost price Grand Total Construction of the Pink Line Project: Khae Rai - Minburi Section Construction of the Pink Total Norciv Engineering Co., Ltd. PCBK International Co., Ltd. Tesco Limited (TES) D2 Consult Ingenieure ZT-GmbH DB International GmbH MAA Consultants Co., Ltd. Moh and Associates, Inc. Chotichinda Mouchel Consultants Limited D2 Consult Asia Co., Ltd. Asian Engineering Consultants Corp., Ltd. Account payable - Consultant fee 7.13 Account Payable - Work in Process 7.13 Account Payable - Work in Process 7.12 Deferred long-term leasehold 7.11 Intangible assets 7.11 Intangible assets for a 30-year term for the construction of entrance of Samyan Station and intervention shaft. This also includes compensation for of entrance of Samyan Station and intervention shaft. This also includes compensation for a 30-year term for the construction building, demolition, transportation, The amortization business revenue loss and other expenses, totaling Baht 75.95 million. is Baht balance therefor is Baht 35.87 million. 2.53 million per annum and the outstanding

1.90 1.90 1.90 - - Unit : Million Baht Unit : Million Baht 1.00 0.89 1.793.39 3.59 6.78 1.10 0.22 1.10 0.071.382.13- 0.24 1.62 2.77 - 0.800.820.27 2.32 2.16 1.60 2.54 1.63 0.54 1.58 5.09 2012 2011 2555 2554 40.3533.5916.75 28.25 91.69 6.39 13.91 49.44 70.48 107.32 215.49144.42597.94 358.11 619.24 66.61 339.52 193.05 426.67 808.85 248.59 44.07 3.08 4.41 1.10 2,343.282,413.76 1,719.28 1,826.60 1.57 - Financial statements with investment presented by equity method/ Financial statements with investment presented by equity method/ presented by with investment Financial statements

Separate financial statements with investment presented by cost method Separate financial statements with investment presented by cost method with investment presented statements Separate financial CKTC Joint Venture Other account payables Expense in procuring outstanding loan Deposit and advance Other outstanding expense Total SH-UN Joint Venture Total Grand Total PAR Joint Venture PAR Ch.Karnchang PCL Sino-Thai Engineering and Construction PCL Italian Thai Development PCL Epsilon Co., Ltd. Asdecon Corporation Co., Ltd. Total Utility Design Consultant Co., Ltd. Lanna Engineering Consultant Co., Ltd. Ltd. Arun Chaiseree Consulting Engineers Co., Index International Group Co., Ltd. Team Logistics and Transport Co., Ltd. Nippon Koei Co., Ltd. Project Planning Service Co., Ltd. P.P.S.N. Co., Ltd. Merlin's Solutions International Co., Ltd. Wisit Engineering Consultants Co., Ltd. Wisit Engineering Consultants Co., Ltd. C Consult Engineering Co., Ltd. Dorsch Consult Asia and Management Co., Ltd. Team Consulting Engineering Thai Engineering Consultants Co., Ltd. Thai Engineering Consultants Inc. Tonichi Engineering Consultants, Wishakorn Co., Ltd. Other account payables

Account Payable - Construction cost 7.14

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 124 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 125 93,597.10 94,597.10 97,921.93 101,284.18 102,284.18 Total Total 4,427.65 4,362.25 1,000.00 1,000.00 Million Baht Million Baht Unit : Million Baht Unit : Million Baht 7,415.13 8,415.13 15,155.95 16,155.95 1,000.00 1,000.00 15,155.95 987.50 7.42 7.42 2012 2011 332.27339.69 193.69 201.11 Million Baht Million Baht 1,000.00 Domestic loan Domestic loan 2012 2011 - 3,440.15 86,128.23 86,181.97 86,181.97 86,181.97 - 3,440.15 82,741.82 7,427.63 90,169.45 Million Baht Million Baht International loan International loan Financial statements with investment presented by equity method/ Financial statements with investment presented - 214,476.61 214,476.61 209,750.76 209,750.76 206,103.93 82,765.98 201,378.08 - Separate financial statements with investment presented by cost method Separate financial statements with investment 8,372.68 8,372.68 Million Yen Million Yen Financial statements with investment presented by equity method/ presented by with investment Financial statements International loan International loan Separate financial statements with investment presented by cost method with investment presented statements Separate financial in the amount of Baht 2.54 million as remuneration for rights to operate business on Baht 2.54 million as remuneration for in the amount of Total Bond Interest Loan Interest

7.17 Long-term Loan 7.16 Unearned Rental Right Revenue 7.16 Unearned Rental 7.15 Outstanding Interest 7.15 Outstanding Loan Bond Total Deduct amount payable within one year Loan Bond Total Deduct amount payable within one year Remaining Long-term Loan Remaining Long-term Loan Kamphaengphet Station and the Interchange connection with Sukhumvit Station in the amount of Kamphaengphet Station and the Interchange Baht 41.82 million, out of which 39.28 have been recognized as income. 2033 2033 2021 2022 2037 2038 2038 2040 date date Maturity Due date Maturity year year 25 (7) 25 (7) 25 (7) 25 (7) 40 (10) 40 (10) 40 (10) 40 (10)40 (10) 2039 (year) Loan period Loan period (graceperiod) (graceperiod) Loan period t percent per annum (percent Commitment per annum Commitment Charge percen Charge per annum) Interest rate annum percent Disbursed per annum Interest rate Interest rate percent per (Million Baht) 4,000.00 4,000.003,000.00 3,000.00 3.671 3.611 4 4 2015 2016 4,000.00 4,000.003,000.002,000.00 2,803.90 3.691 1,352.05 3.631 3.73923 4 4 4 2015 2016 2016 Remaining Remaining Million Yen Million Yen 16,000.00 15,155.95 Credit limit (Million Baht) 62,442.00 44,453.20 Lender 284,868.00 214,476.61 Million Yen Million Yen Credit limit Credit limit Total JICA 4,507.00 1,842.29 0.01 0.1 JICA 57,935.00 42,610.91 1.4 0.1 JICA 64,228.00JICA 56,793.42 45,818.00 37,332.23 0.75 0.75 - - JICA 26,586.00JICA 12,933.70 32,418.00JICA 17,499.59JICA 241.00 2.7 29,792.00JICA 169.15 2.7 - 25,396.38 23,343.00 - 19,898.94 0.75 0.75 - 0.75 - - Total 222,426.00 170,023.41 Ministry of Finance Ministry of Finance Ministry of Finance Lender Lender Total Loan Loan Loan No. (date) Agreement (3 Feb 12) (28 Oct 11) International loan for Construction of M.R.T Chaloem Ratchamongkhon Line Ratchamongkhon of M.R.T Chaloem loan for Construction International (30 May 11) 1-Khor/2011 1-Khor/2012 2-Khor/2012 No. (date) No. (date) Agreement Agreement TXXI - 4 TXXII - 3 TXXX - 1 TXXIII - 3 TXXIII - 6 TXXV - 3 TXXIV - 1 (31 Jul 98) TXXII - 3(A) TXXX - 1(A) (30 Sep 98) (30 Sep 97) (27 Sep 96) (30 Sep 97) (31 Mar 08) (31 Mar 08) International loan for the construction of the Purple Line Project: Bang Yai - Ratburana, International loan for the construction of Bang Yai - Bang Sue Section

Details Supporting Long-term Loan

International loan for Construction of MRT

Bond and interest rate of bonds No. 2 B.E. 2546 with the credit limit of Baht 1,000 million, with the term of 10 years issued MRTA MRTA Total International loan (29 Sep 99) (22 Sep 99) 2.6288%, under the cabinet resolution dated 9 October 2001.

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 126 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 127 (3.59) (0.21) 19.26 25.15 102.81 993.00 688.31 395.63 111.46 8,228.25 4,451.61 8,220.72 2,987.50

17,024.23 27,623.22 Unit : Million Baht Unit : Million Baht 19.26 8.67 3.78 12.45 49.81 345.82 - 25.15 467.19 221.12 518.13 474.87 945.96 - 945.96 2,987.50- 8,140.43 87.82 8,220.72 - 16,989.06 35.17 22,617.66 5,005.56 1 Oct 11 Increased by 30 Sep 12 3.05 – 4.27 %, varied by age of employee 6.00% per annum Under the Thai Mortality Table 2008, the average mortality rate of male - female is 4.01% per annum Financial statements with investment presented by equity method / with investment presented by equity method Financial statements Financial statements with investment presented by equity method / Financial statements with investment presented Separate financial statements with investment presented by cost method with investment presented by cost Separate financial statements Separate financial statements with investment presented by cost method Separate financial statements with investment Hua Lamphong - Bang Kae Section the Green Line Project: Bearing - Samutprakarn Section Subsidy to repay loan principal Initial capital Subsidy - land costs transferred from EXAT Employee benefit obligation for the present fiscal period Employee benefit obligation cost Interest the year Benefits paid during estimation Profit from actuarial Land acquisition for M.R.T. Chaloem Ratchamongkhon Line Subsidy - land acquisition the Purple Line Project: Bang Yai - Bang Sue Section the Blue Line Project: Hua Lamphong - Bang Kae Section 1,643.40 2,808.21 the Blue Line Project: and Bang Sue - Tha Phra Section the Green Line Project: Bearing - Samutprakarn Section Project: Bangkapi - Bangbamru Section Line Orange The and Taling Chan - Minburi Section Subsidy - payment of loan principal and interest for construction of M.R.T. Chaloem Ratchamongkhon Line Subsidy - payment of loan principal and interest for Consultant fee the Purple Line Project: Bang Yai - Bang Sue Section Purchase of BMCL shares Employee benefit obligation as of 30 September 2012 Employee benefit obligation as of 30 September Employee benefit obligations as of 1 October 2011 Employee benefit obligations Employee Benefit Obligation Employee Salary increase rate Assumption for actuarial estimation Discount Rate 7.19 Capital 7.18 benefits of employee current value of obligation Change in Mortality rate 36.83 55.78 661.72 189.29 Unit : Million Baht

Unit : Million Baht - 1.16 1.16 32.57 32.57 5.45 4.95 2012 2011 18.6941.18 9.34 31.50 17.04 17.21 - 36.83- 55.78 654.37 7.35 189.29- 281.53 0.89 282.42 63,797.66 9,064.95 72,862.61 1 Oct 11 Increased bySep 12 30

analysis and Financial statements with investment presented by equity method / Financial statements with investment presented Financial statements with investment presented by equity method / presented by equity with investment Financial statements research Separate financial statements with investment presented by cost method Separate financial statements with investment Separate financial statements with investment presented by cost method with investment presented financial statements Separate project for

resolution, cabinet the percentage of remuneration (7%) from fares (1%) Annual remuneration from commercial development Under ng - Bang Kae Section and Bang Sue - Sue Bang and Section Kae Bang - Lamphong the Blue Line Project: Hua Total Percentage of remuneration Remuneration from commercial development Income from Concession Contract Subsidy - payment of Consultant fee Subsidy - payment of Total - Tha Phra Section Project: Bearing - Samutprakarn Section the Green Line of new office building Subsidy for construction technology system Subsidy for information Subsidiaries for payment of fees for extension of loan under loan Subsidiaries for payment the Ministry of Finance and MRTA agreement between - Bang Sue Section the Purple Line Project: Bang Yai Kae Section Line Project: Hua Lamphong - Bang the Blue and Bang Sue - Tha Phra Section BMCL agrees to share income with MRTA in percentage of income from fares (including VAT) from the year which the service starts in percentage of income from fares (including VAT) BMCL agrees to share income with MRTA term of the contract in the amount annually throughout the BMCL agrees to share income from commercial development with MRTA from the year annum (including VAT) at the rate of 7% per BMCL agrees to share income from commercial development with MRTA BMCL agrees to share the income from fares with MRTA from the 11th year of service, which will results in a total income of Baht 43,567BMCL agrees to share the income from fares with MRTA 7.20 to generate income, that is year 1 to year 14 at the rate of 1%, at the year 14 1 to is year to generate income, that and year of 5% the rate 18 at of 2%, year 16 to year at the rate year 15 19 to year 25, at the rate of 15%, paid monthly. Remuneration from commercial development Annual remuneration from the first year the service generates income, that is Baht 10 million per year for year 1 to year 8 of Baht 930 million (including VAT) and 50 million baht per year for year 9 to year 25. Percentage remuneration in which the service starts under the contract, paid monthly. to generate income until the end of the term million until the termination of contract (including VAT). Each year, the share will be in accordance with the amount specified in the contract. million until the termination of contract (including VAT). Percentage remuneration

Under the concession contract, MRTA will receive the following remuneration: Remuneration from fares Annual remuneration

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 128 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 129 1.09 2.78 18.31 Unit : Million Baht 4.01 0.27 2.78 3.65 0.27 2011 2012 Total - 1.43 0.37 0.41 2.21 0.55 1.43 0.37 0.41 2.21 12.63 4.29 7.47 24.39 11.20 3.92 7.06 22.18 10.65 - 2006 - 2010 Total Total Grand Total Remuneration from commercial from commercial Remuneration Remuneration from commercial development Remuneration from commercial (3) Income from advertising and public (1) Income from provision of (2) remuneration as compensation for dividend 7.21.1 the concession contract development under remuneration includes: percentage (7% of the income percentage difference per annum plus VAT) (PID) relation through Passenger Information Display apart concession contract includes: from telecommunication service 7.21.2 Income from provision of telecommunication service 7.21 Income from concessionaire not yet recognized as income includes not yet recognized from concessionaire 7.21 Income Resolution of MRTA Board Meeting No. 8/2006 on 28 July 2006 approved in principal the guideline for commercial development Board Meeting No. 8/2006 on 28 July 2006 approved in principal the guideline Resolution of MRTA (1) telecommunication services and establish BMCL sought permission to operate commercial development business by providing The details of remuneration from commercial development apartfrom under the concession contract in 7.21.2 in the amount Remuneration from commercial development under concession contract in the amount of Baht 2.21 million in 7.21.1 is an entry under concession contract in the amount of Baht 2.21 million in 7.21.1 is Remuneration from commercial development

by providing telecommunication of BMCL and authorize BMCL Network Co., Ltd. to provide telecommunication service within the by providing telecommunication of BMCL and authorize BMCL Network Co., Ltd. Business Development Sub-Committee Board advised the stations and tracks by taking into account all safety matters. The MRTA is supposed to receive from the that MRTA and Law and Regulation Sub-Committee to consider rights, benefits and returns is outside the concession contract, and negotiate telecommunication services in stations, especially in the MRT tunnel as the area the company to collect Board also approved and BMCL. The MRTA with BMCL concerning fair income sharing between MRTA until the negotiations are concluded. revenues from telecommunication services but revenue sharing shall not be done BMCL Network Co., Ltd. (BMCL hold 70% of the shares; the remaining 30% are held by persons with experience in telecommunication BMCL Network Co., Ltd. (BMCL hold 70% of the shares; the remaining 30% are held and share with BMCL the income from provision of technics) (currently Bangkok Metro Network Co., Ltd.) to operate the business rate of 25% for year 1 - year 5 and 35% for year 6 IRDN device service and space lease prior to deducting any expenses at the the rate of 7% of the income received at MRTA -15 and pay Baht 30,000 per month per station. BMCL will share such income with in BMCL Network Co., Ltd. namely dividend throughout the 15-year term of the contract, including remuneration from investment and profit from selling the shares held. of Baht 22.18 million are as follows: Remuneration from commercial development apart concession contract from under the under concession contract in which BMCL agrees to share remuneration from commercial development at the rate of 7% per year agrees to share remuneration from commercial development at the rate of under concession contract in which BMCL service generates income until the expiration of the contract term, paid from the year in which the (including VAT) with MRTA calculated by the income base including 2005, BMCL deliver the share of income to MRTA monthly. Between July 2004 to September Subsequently in October 2005 to September 2012, BMCL changed the calculation which is in accordance with the contract. VAT, contract. This caused MRTA excluding tax, which is not in accordance with the concession method to calculate from income base share of income to be short by Baht 2.21 million as displayed in the table above. - VAT. SOURCE/upstream) from operator, calculated from the income base including (AT Additional remuneration other than monthly remuneration under clause 2, paid annually in accordance with the terms of Additional remuneration other than monthly remuneration under clause 2, paid 2. to commence advertising Monthly remuneration from the month in which BMCL informs the company through PID system at 1. in accordance with the installments specified Royalty: in the amount of Baht 35 million paid upon execution of the contract, BMCL requested for approval to operate commercial development business in the form of advertisingBMCL requested for approval to operate commercial development business media management (3) Income from advertising Information Display (PID) and public relations through Passenger MRTA sent letter dated 15 August 2012 to BMCL informing BMCL of the resolution of the MRTA Board meeting, requesting BMCL Board meeting, sent letter dated 15 August 2012 to BMCL informing BMCL of the resolution of the MRTA MRTA Resolution of the MRTA Board Meeting No. 14/2012 on 30 August 2555 approved MRTA to calculate remuneration from BMCL for remuneration from to calculate 2555 approved MRTA 14/2012 on 30 August Board Meeting No. of the MRTA Resolution 22 July 2009 approved in principle the restructuring of management in Board Meeting No. 6/2552 on Resolution of the MRTA to accept remuneration conditions as on 19 July 2012 approving MRTA Board Meeting No. 13/2012 Resolution of the MRTA The contract allowing provision of telecommunication service between BMCL and BMCL Network Co., Ltd. (currently Bangkok Network Co., Ltd. BMCL and BMCL service between of telecommunication allowing provision The contract (2) Remuneration as compensation for dividend Board meeting, requesting BMCL sent letter October 2011 dated 12 to BMCL informing BMCL of the resolution of the MRTA MRTA From 1 October 2007 to 30 September 2012, BMCL Network Co., Ltd. (currently Bangkok Metro Network Co., Ltd.) generates Co., Ltd. (currently Bangkok Metro Network to 30 September 2012, BMCL Network From 1 October 2007 Board to adjust the resolution of the MRTA 25 August 2011 approved MRTA Board Meeting No. 9/2011 on Resolution of the MRTA income generated from the management of advertising media through at the following rates: PID (prior to deducting any expense) the rate of Baht 2.5 million for year 1 - 2, Baht 3 million for year 3 - 4, and Baht 4 million for year 5. the rate of Baht 2.5 million for year 1 - 2, Baht 3 million for year 3 - 4, and Baht 3. in the contract; through PID, by allowing Bangkok Metro Network Co., Ltd. to operate the business for five years. Bangkok Metro Network Co., Ltd. Metro Network Co., Ltd. to operate the business Bangkok through PID, by allowing agreed to pay remuneration to BMCL as follows:

to comply with such resolution. Up until now, BMCL has not taken actions under the resolution of the MRTA Board. Therfore, MRTA million, as shown in the table above. could not recognize these incomes from 2009 to 2012, in the amount of Baht 1.09 provision of telecommunication service within MRT for the period of 15 years from 1 October 2007 to 30 September 2022. MRTA is to 30 September 2022. MRTA of 15 years from 1 October 2007 to service within MRT for the period provision of telecommunication the income generated by the clause 8.5 (b) (ii) at the rate of 7% of from the concession contract under receive share of income subsidiary company Network Co., Ltd. and Metro Mall Development commercial development by merging Triads Network Co., Ltd., as Bangkok Metro with the conditions that no matter Co., Ltd. is, BMCL shall pay remunera how much the operating result of Bangkok Metro Network MRT ticket, which values at Baht 274,400 per year, startingcompensation for dividend in the form of to 9 March 2015 from from 2009 conditions such as expiration date, prohibition of sale, etc. The remuneration conditions in BMCL. Such ticket must not specify any is because such tickets are considered propertythe form of tickets in only for the remuneration as compensation for dividend. This that the remuneration is recorded. Therefore, it is requested paid in place of remuneration as compensation for dividend of MRTA. to pay remuneration to BMCL, BMCL shall deliver However, from 2012 until 9 March 2015, if Bangkok Metro Network Co., Ltd. is able in cash. the share of income at the rate of 7% of the dividend received to MRTA Metro Network Co., Ltd.) dated 1 October 2007, specifies that BMCL Network Co., Ltd must pay remuneration to BMCL at the rate to BMCL at the rate pay remuneration Network Co., Ltd must that BMCL 1 October 2007, specifies Co., Ltd.) dated Metro Network per month. paid as fee to the stations with Baht 30,000 for the last ten years, year 1 - 5 and 60% of 50% for (and reminder letter on 18 May 2012). by 31 October 2011 to deliver Baht 0.55 million to MRTA amount of Baht shared remuneration with BMCL in the of telecommunication service and income from provision 261.56 million. This Board Meeting on 30 August 2012. of the MRTA in accordance with the resolution the share to MRTA BMCL did not deliver million as displayed in the table above. recognize such remuneration of Baht 18.31 not to be able to caused MRTA annually, specify that BMCL must pay remuneration as compensation for dividend to MRTA Meeting No. 6/2009 on 22 July 2009, to starting of 7% of from 2009 at the rate shall not be lower than Baht the remuneration for the dividend, but which 274,400 per year. annually, not less than Baht 274,400 per year within April of the following year, from 2009 tion as compensation for dividend to MRTA will every year. In any year, if the advertising result, MRTA and public relation business and/or retail business see better operating remuneration as compensation for the increased dividend annually. negotiate with BMCL to request additional

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 130 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 131 31.49 Unit : Million Baht 2012 2011 6.11 26.36 42.37 570.43814.08 155.18 864.51 1,352.04 945.83 1,384.51 1,019.69

Financial statements with investment presented by equity method/ Financial statements with investment presented Separate financial statements with investment presented by cost method Separate financial statements with investment SOURCE/upstream) with MRTA. (AT Financial costs of MRT project lines construction purchase of BMCL shares Deduct Interest payable recognized as asset cost Bond interest Interest payable on loan Total interest payable Liabilities which may arise Financial Costs

In 2012, Co., Ltd. generates income from advertising Bangkok Metro Network through PID in the amount media management Resolution of the MRTA Board Meeting No. 13/2012 on 13 July 2012 approved BMCL to operate commercial development Board Meeting No. 13/2012 Resolution of the MRTA 3.3 from advertising Metro Network Co., Ltd. generates income If Bangkok 70 million, PID in the amount exceeding Baht through 3.2 from advertising Metro Network Co., Ltd. generates income If Bangkok 50 million, PID in the amount exceeding Baht through 3.1 advertising income from Co., Ltd. generates If Bangkok Metro Network Baht 30 million, the amount exceeding through PID in - Other cases not related to land expropriation: two cases, with amount in dispute of Baht 1.71 million. One case is under the - Other cases not related to land expropriation: two cases, with amount in dispute - MRT Blue Line Project: eight cases with MRTA as the litigant, with amount in dispute of Baht 143.17 million. All eight cases are - MRT Blue Line Project: eight cases with MRTA - MRT Purple Line Project: 62 cases with MRTA as the litigant, with amount in dispute of Baht 3,250.39 million. Out of these, as the litigant, with amount in dispute of - MRT Purple Line Project: 62 cases with MRTA - MRT Chaleom Ratchamongkol: six cases with MRTA as the litigant, with amount in dispute of Baht 2,047.12 million. Six cases are as the litigant, with amount in dispute of - MRT Chaleom Ratchamongkol: six cases with MRTA Litigation concerning claim of additional compensation for land and other compensation of the MRT project lines, totaling 78 Litigation concerning claim of additional compensation for land and other compensation 7.23 7.22 above. not been recognized in the amount of Baht 2.78 million, as displayed in the table on 13 July 2012. Therefore, these income have of Baht 39.77 million. BMCL did not deliver the share of income to MRTA in accordance with the resolution of the MRTA Board Meeting in accordance of the MRTA with the resolution the share of income to MRTA of Baht 39.77 million. BMCL did not deliver business in the form of advertisingin the form of business its of the income which BMCL share 7% that condition through PID, on media management subsidiary receives but not more than Baht 90 Million for a certainbut not more than Baht will pay remuneration for the part year, Bangkok Metro Network Co., Ltd. in excess BMCL at the rate of 30%. of Baht 30 million to 3.4 Bangkok Metro If Network Co., Ltd. generates income from advertising through PID in the amount exceeding Baht 90 million, for the part Metro Network Co., Ltd. will pay remuneration Bangkok rate of 35%. of Baht 90 million to BMCL at the in excess but not more than Baht 70 Million for a certainbut not more than Baht will pay remuneration for the part year, Bangkok Metro Network Co., Ltd. in excess BMCL at the rate of 25%. of Baht 50 million to but not more than Baht 50 Million for a certain than Baht 50 Million but not more part for the Co., Ltd. will pay remuneration Metro Network year, Bangkok excess in the rate of 20%. million to BMCL at of Baht 30 proceedings of the Supreme Administrative Court is under the proceedings of the Supreme Court. and the other case under the proceedings of the Central Administrative Court. 13 cases are under the proceedings of the Supreme Administrative Court and 49 are under the proceedings of the Central Administrative Court.Supreme Administrative Court, For the cases under the proceedings of the the Central Administrative Court 100.35 million excluding interest. to pay the litigant in the total amount of approximately Baht rendered judgments ordering MRTA under the proceedings of the Supreme Court. to pay compensation to the The court of appeal gave a judgment ordering MRTA litigant in the amount of Baht 213.26 million, excluding interest. cases, with amount in dispute of Baht 5,442.39 million, as follows: 40.92 347.59 703.33 Total 7,916.48 1,228.47 8,231.30 6, 982.44 40.92 347.59 703.33 Consul- tant Fee Con- 7,916.48 6,982.44 1,228.47 struction 17 June 2008 17 June 2008 2 October 2007 2 October 2007 12 January 2010 12 January 2010 18 December 2007 tion 8,231.30 Acquisi- 52.92 347.59 Total Land 9,209.00 1,210.15 5,025.00 14,292.00 13,100.00 1,678.00 9,209.00 13,243.00 60,185.00 36,055.00 52.92 347.59 1,210.15 Consul- Million Baht Cabinet resolution tant fee

Con- 5,025.00 struction 13,100.00 14,292.00 Contractual price (Million Baht) Disbursement (Million Baht)

tion Land 9,209.00 9,209.00 32,417.00 1,610.66 43,236.66 8,231.30 16,127.39 1,091.84 25,450.53 Acquisi- Table 1 Construction MRT Projects under , Investment Credit Limit Entry M&E equipment Total Consultant fee Land acquisition Civil construction Investment Credit limit consisting of MRT Projects under Construction MRT Projects Poject design and preparation Construction cost: contract No. 2 - Sino-Thai Construction cost: contract No. 3 - PAR Consultant fee for operation under the Act on Private Participation in State Undertaking B.E. 2535 - the Purple Line (BBML) Consultant fee for project (PCPL) - AEC Consulting Group Construction cost: contract No. 1 - CKTC Consultant fee for feasibility study of tender document for extension and new line projects (BBMT) Bang Yai - Bang Sue Section Total On 7 November 2006, the cabinet passed a resolution approving in principle the development of mass rapid transit system in of mass rapid principle the development approving in passed a resolution 2006, the cabinet On 7 November 7.24 Results of MRT Projects Operation Construction of the Purple Line Project: Bang Yai - Ratburana Construction results of such projects are under table 1 Construction results of such projects are

7.24.1(1)- Ratburana, Bang Yai - Bang Sue Section The Purple Line Project: Bang Yai operate its to for MRTA for investment of Baht 60,185 million a resolution approving the credit limit The cabinet passed projects with respect to land acquisition and civil work construction, as well as trackwork. As for M&E system works and operation the resolution of the economic 2010 acknowledging and approving passed a resolution dated 12 January of trains, the cabinet cabinet dated 6 January 2010 allowing the private investment in the M&E system and operation of the Purple Line Project: Bang form of in the Sue Section Yai -Bang allowing November 2010 on 16 a resolution cabinet passed Cost. Subsequently, the PPP Gross invest in the Bang Yai - Tao Poon Section. one private entity to Bangkok in accordance with priority. MRTA has been assigned to operate the following new lines and extensions: new lines and to operate the following has been assigned priority. MRTA accordance with Bangkok in 7.24.1

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 132 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 133

205.13 203.95 401.42 Total 4,465.61 3,513.11 3,317.62 2,190.12 205.13 203.95 401.42 tant *113.19 *105.11 Consul- Con- 3,513.11 3,317.62 2,190.12 struction 27 May 2008 27 May 2008 27 May 2008 24 November 2009 28 December 2010 Awaiting cabinet approval tion 4,465.61 Acquisi- 223.10 726.13 Total Land 5,900.00 1,210.00 11,441.08 10,687.64 11,284.78 2,622.00 5,900.00 22,141.00 83,123.00 52,460.00 223.10 726.13 tant *584.47 1,210.00 Consul- Million Baht Cabinet Resolution

Con- struction 11,441.08 10,687.64 11,284.78 Contract Price (Million Baht) Disbursement (Million Baht)

tion Land 5,900.00 Acquisi- Table 2 MRT Projects under Construction

cts SH-UN No. 3 - Investment Credit Limit contract Entry cost: M&E system Total Consultant fee Land Acquisition Civil Construction

CSCBL Consortium Joint Venture Construction cost: contract No. 1 - Italian-Thai Construction cost: contract No. 2 - CH. Karnchang Construction Consultant fee for project management (civil work) Consultant fee for construction supervision: ment for extension and new line proje Consultant fee for feasibility study of project design and preparation of tender docu - Hua Lamphong - Bang Kae Section - Bang Sue - Tha Phra Section operation under the Act on Private Participation in State Undertaking B.E. 2535 - extension (BMTC) (BMTD) Construction of the Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Phra Section Construction results of such projects are under table 2 Construction results of such projects are 7.24.1(2) The Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Phra Sections Bang Kae and Bang : Hua Lamphong - Blue Line Project 7.24.1(2) The construction. and civil work for land acquisition of Baht 83,123 million credit limit approved an investment The cabinet The cabinet passed a resolution acknowledging the result of tender for civil work on 28 September 2010. As for M&E system and At present, the private investment. approving in principle on 28 December 2010, passed a resolution of trains, the cabinet operation by committee for selection methods of operation is being considered and disadvantages of different result of study of advantages Tao Poon - Tha Phra Section. Hua Lamphong - Bang Kae Section and in and operate the Blue Line Project: of private entity to invest are as follows: Investment credit limits Total Total 2,113.81 2,340.01 1,008.66 619.00 tant tant Bearing - Consul- Consul-

Unit : Million Baht Samutprakarn Section Con- Con- 2,113.81 2,340.01 struction struction tion tion 672.00 Acquisi- Acquisi- Mai Section 2,394.00 1,311.00 18,723.00 17,233.00 21,789.00 19,163.00 Total Land Total Land Mo Chit - Saphan 4,999.13 1,311.00 1,008.66 13,334.99 tant tant Consul- Consul- Con- Con- 4,999.13 struction struction 13,334.99 Contract Price (Million Baht)Contract Price Disbursement (Million Baht) Contract Price (Million Baht) Disbursement (Million Baht)

tion tion Land Land 5,900.00 51,747.62 2,159.23 59,806.85 4,465.61 13,474.67 890.50 18,750.78 1,311.00 Acquisi- Acquisi- Table 3 MRT Projects under Construction Entry Entry Consultant fee Total Civil Construction Land Acquisition (including survey)

Construction cost: contract No. 4 - Sino-Thai Construction cost: contract No. 5 - Construction cost: contract CH. Karnchang Total Consultant fee for preparation of report on study for project under the Act on Private Participation in State Undertaking Mo Chit - Saphan Mai Section: The cabinet resolution on 9 March 2010 approved in principle the extension of the Green Line resolution on 9 March 2010 approved in principle the extension of the Green Mo Chit - Saphan Mai Section: The cabinet Construction of the Green Line Project: Bearing - Samutprakarn Section Engagement of consultant in accordance with the cabinet resolution, beyond the investment credit limit resolution, beyond the investment credit in accordance with the cabinet Engagement of consultant * million 2006 with credit limit of Baht 588.07 fee under the cabinet resolution on 15 August Consultant and Bearing - Samutprakarn Section Line Project: Mo Chit - Saphan Mai Section 7.24.1(3) The Green in 2008 approved the investment credit limit for Mo Chit - Saphan Mai Section The cabinet resolution on 27 November - Samuprakarn Section in the amount of Baht 19,163 million, as follows: the amount of Baht 21,789 million and Bearing Project: of Don Muang to be Mo Chit - Saphan Mai - Ku Kot Section, and move the depot south Mo Chit - Saphan Mai Section and the Office of TransportAirport consider adjusting the MRTA and Traffic Policy and Planning must to Tambon Ku Kot. Therefore, was a meeting to consider the investment and routes and improving construction plan in the area. On 10 September 2012, there - Lamluka Section and Bearing train operation model of the Green Line Project: Mo Chit - Saphan Mai - Ku Kot Samutprakarn - of the Dark Green Line Project: to propose the cabinet to consider approving the operation Bangpu Section, which approved MRTA Mo Chit - Saphan Mai - Ku Kot Section at the same time for consistency of projects. Construction results of Bearing - Samutprakarn Section are under table 3

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 134 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 135 94.13 Total 1,257.92 2.48 27.94 **2.19 *161.70 *194.04 94.13 **2.37 **2.04 tant Consul- lion Baht) - Disbursement (Mil- Con- struction 8.84 **2.49 186.27 **13.98 *584.47 *584.47 tion Acquisi- (Million Baht) Contract Price 603.61 Total Land 14,088.60 1,257.92 **2.49 603.61 tant **13.98 Consul- Con- struction 14,088.60 Contract Price (Million Baht)Contract Price Disbursement (Million Baht) tion Land 1,311.00 14,088.60 603.61 16,003.21 1,008.66 1,257.92 94.13 2,360.71 Acquisi- Entry system M&E in investor Total Entry Bang Sue - Ratburana Section design and preparationConsultant fee for feasibility study of, project line projects (BMTD) of tender document for extension and new design and preparation Consultant fee for feasibility study, project line projects (BMTD) of tender document for extension and new Consultant fee for preparation of report on project study of under the Act on Private Participation in State Undertaking B.E. 2535 - TESCO MAA Consortium Consultant fee for selection of civil work contractor, investor in M&E system and service provider of trains Consultant fee for study, revision, and preparation of tender document Consultant fee for study, revision, and preparation of tender document M.R.T. Projects under research and analysis, with expenses relating to consultant fee, as follows M.R.T. Projects under research and analysis, contractor, Construction of the Orange Line Project: Bangkapi - Bang Bamru Section Construction of the Orange Line Project: Bangkapi Chit - Saphan Mai Section Construction of the Green Line Project: Mo Construction of the Pink Line Project : Khae Rai - Minburi Section Construction of the Orange Line Project : Taling Chan - Minburi Section Construction of the Purple Project: Bang Yai - Ratburana : Construction of the Purple Project: Bang Civil work: Contract No. 1- CH. Karnchang Civil work: Contract No. work of trains and service provider B.E. 2535 - TESCO MAA ConsortiumB.E. 2535 - TESCO MAA project Consultant fee for GBSC selection of civil Consultant fee for 7.25 Date Approved to Issue Financial Statements of the financial statements on 27 March The Governor of the Mass Rapid Transit Authority of Thailand approved the issuance 7.24.2 2013 Engagement of consultant in accordance with the cabinet resolution, beyond the investment credit limit Engagement of consultant in accordance with the cabinet resolution, beyond of Baht 588.07 million * Consultant fee under the cabinet resolution on 15 August 2006 in the amount **Consultant fee beyond the investment credit limit **Consultant fee beyond the investment credit limit **Consultant fee beyond the investment Baht 0.37 times 0.70 times as of 30 Sep 12 3.43 2.89 times 0.77 0.74 times 0.39 0.85 -9.36 -0.47 % -41.44 -1.82 % -12.77 0.17 times (5,795,415,627.75) as of 30 Sep 11 - 9,163,177,737.92 3,367,762,110.17 = = Formula Net profit Net profit Total assets Total assets Total assets Total liabilities Total liabilities Current assets Current assets Current liabilities Interest expenses Shareholders' equity net profit before interest deducting Current liabilities - 1-year long-term loan Current assets - current liabilities Current assets - current

3.2 ROE 3.1 ROA 3. Profitability 2.3 Times interest earned 2.2 Debt Equity ratio 2.1 Debt ratio 2.Debt condition 1.2 Current ratio* 1.1 Current ratio Working Capital = Remark * Excluding long-term loans to be matured in one year as the government will provide subsidiaries for performanceRemark * Excluding long-term loans to be of obligation 1.Liquidity 1.Liquidity 2011 with 2012 Comparing Ratio Analysis

Annual Report 2012 | Mass Rapid Transit Authority of Thailand 136 Annual Report 2012 | Mass Rapid Transit Authority of Thailand 137

and the Green Line

net working capital is in deficit. net working capital to be liabilities are long-term. As for the loans not so. This is because most current liabilities, it is in fact receive budget for performing will such obligations. year, MRTA matured within one acquisition for MRT Chaloem Ratchamongkhon Line Project, all of which are loans guaranteed by the acquisition for MRT Chaloem Ratchamongkhon for paying the principal and interest. Exception applies to civil government, who will be completely responsible with subsidiaries for repayment of principal and will provide MRTA construction works for which the government construction of the Purple Line, the Blue Line interest until the fiscal year 2016. As for projects, loans are taken for civil construction. Land acquisition expenses are provided by the government as projects, loans are taken for civil construction. Equity Ratio is relatively high as there are more investments in MRT budget. Therefore, at present, the Debt loans are from 4 to 40 years. projects and extensions. The term of the responsible in this respect. Line Project, loan interest, and loss from exchange asset depreciation of MRT Chaloem Ratchamongkhon has not been able to borrowed from JICA for construction of MRT and MRTA rate which MRTA of laon limit of remuneration due to concession agreements. generate sufficient income as a result of structure is from loans. capital MRTA - As much as 74% of sources for construction and land to use capital is the government’s policy for MRTA - This is because it that there is no ability to pay interest yet. The government is still - Ability to pay interest (Ratio 2.3) indicates ROA and ROE are also in deficit. Most are a result of calculation of - As the operating results are in deficit, - According to the information, MRTA does not have sufficient liquidity to settle the current liabilities as the to settle the current liabilities as the does not have sufficient liquidity information, MRTA - According to the and not sufficient to liquidity slightly decreased, ratio indicates that MRTA’s - Even though the settle current

“The Mass Rapid Transit Authority of Thailand Act B.E. 2543 (2000), Chapter 6 Finance, Accounting and Auditing, Section 68 and Auditing, Accounting Chapter 6 Finance, 2543 (2000), of Thailand Act B.E. Authority Rapid Transit “The Mass Auditor General of Thailand is a reviewed agency of the Office of the The Mass Rapid Transit Authority of Thailand (MRTA) Analysis : Analysis : Analysis : According to the results above, MRTA operating results and financial position can be summarized as follows: be summarized as position can results and financial operating MRTA to the results above, According 1. Liquidity 2. Debt Condition

Audit fee provides that statement and submit them to the shall prepare a balance sheet, an operating account and an income “MRTA and Section 69 provides that auditor within one hundred twenty days as from the end of the accounting year “ the Office of the and finance within forty-fiveAuditor General of Thailand shall audit and review for certifieation accounts of MRTA’s days as from the date of receipt of such financial statements.” Office of the Auditor General of Thailand has under the Organic Act on State Audit B.E. 2542 (1999) Section 4. Therefore, the the fiscal year 2012 prescribed at Baht 400,000 the auditing duty under Section 39(2) of the same Act, with the audit fees for (four hundred thousand baht only) excluding other expenses relating to performance of duties. 3. Profitability