Download (.pdf) note! All documents will be shown by using Adobe Acrobat Program.
If you havn't installed it yet, you can FREE download
( August 19 , 2008 )
- Report on the Board of Director's resolution on interim dividend payment

BEC World group was able to made Baht 749 millions
as its net profit for the 2nd quarter of this year

BEC World group was able to made Baht749 millions as its net profit for the 2nd quarter of this year, 12 percent or Baht79 millions higher than that of the prior quarter; an improvement of more than 27 percent or Baht161 millions higher than that of the same quarter of the prior year, as the advertising income increased 11 percent or Baht 201 millions higher than that of the prior quarter; and 23 percent or Baht392 millions higher than that of the same quarter of the prior year; from air-time rate increases on certain day parts, from expansion of prime and super-prime slots and from the higher utilization rate of our commercial air-time, whereas our costs were also higher than the prior quarter and last year, as we changed our programming chart and expanded our prime and super-prime slots but at a lower growth rates; while the selling and administration expenses do not change that much when compares with the prior quarter and those of the same quarter of the prior year, therefore, our profit and our operating margin had improved substantially, as discussed further in the attached management discussion and analysis.

BEC World Plc.
Consolidated Financial Statements for the 2nd Quarter of the year 2008
Management Discussion and Analysis :

Business Environment :

The industry has improved since the beginning of the 2nd quarter. Nielsen Media Research (Nielsen) reported that advertising expenditure through television (adex) is higher year-on-year (YoY) in April, and the improvements continued further throughout the quarter with better growth rate, push the adex for the quarter up more than 6 percent higher YoY. Even Nielsen reported that the industry did not expand at all in the first half of this year (because of a big slump during the first quarter) but when reviewed the report in details, it is obvious that several big and mid-size advertisers have increased their adex from the prior year level, some of them increased their adex more than 20 percent. It's a strong evidence of diversity, strength and growth opportunity of the industry. Furthermore, Channel 3 is also growing at a higher growth rate than that of the industry, thus Channel 3 is gaining its market share in adex which end up increased to 28 percent for the first half of this year.

Operating Results :

Due to the change in accounting for investments, from the equity method to cost method in separate (the company only) financial statements of the company, the reported profit as shown in the separate statements is difference from that shown in the consolidated statement. This MD&A will discuss those numbers shown in the consolidated statement in order to avoid confusion.

BEC World group was able to made Baht749 millions as its net profit for the 2nd quarter of this year, 12 percent or Baht79 millions higher than that of the prior quarter; an improvement of more than 27 percent or Baht161 millions higher than that of the same quarter of the prior year, as the advertising income increased 11 percent or Baht 201 millions higher than that of the prior quarter; and 23 percent or Baht392 millions higher than that of the same quarter of the prior year; from air-time rate increases on certain day parts, from expansion of prime and super-prime slots and from the higher utilization rate of our commercial air-time, whereas our costs were also higher than the prior quarter and last year, as we changed our programming chart and expanded our prime and super-prime slots but at a lower growth rates; while the selling and administration expenses do not change that much when compares with the prior quarter and those of the same quarter of the prior year, therefore, our profit and our operating margin had improved substantially.

Revenues :

Our advertising income in the second quarter of this year was increased higher than that of the prior quarter by 11percent and also higher year on year by 23 percent. The increase came from air-time rate increases on certain day parts, from expansion of prime and super-prime slots - which were needed to accommodate higher than anticipated demands, and from the higher utilization rate of our commercial air-time. The concerts and shows revenue is declined "quarter on quarter" and "year on year" as the number of shows reduced in this 2nd quarter of the year.

Costs and Operating Expenses :

Costs of services are higher "quarter on quarter" and "year on year" as we changed our programming chart and expanded our prime-time to enhance our opportunity to generate higher revenue and profit; and as we expanded our super-prime slots to accommodate higher than anticipated demands. Costs of concerts and shows reduced in line with revenue. The selling and administration expenses did not change that much when compares with prior quarter and those of the same quarter of the prior year.

Financial positions :

Our total assets increased when compared with balances at the end of the previous year as cash and short term investment of our cash increased in line with the improved profit even after the payment of our prior year's final dividends during the quarter. Our liabilities are almost at the same level at the end the prior year. Our shareholders' equity increased in line with the improved profit even after the dividend payments. BEC World's financial positions are strong as usual.

( May 15 , 2008 )
- Minutes of the Annual General Shareholder Meeting of 2008
Invitation to the 2008 Annual Ordinary General Meeting of Shareholders.
( March 20 , 2008 )
- Invitation to the 2008 Annual Ordinary General Meeting of Shareholders.
( March 20 , 2008 )
- Minutes of the Annual General Meeting of the Shareholders for the year 2007 (Translation)
- Supporting Document for Agenda 2 :
To Acknowledge the Board of Directors 's Report
- Balance Sheet and Statement of Income for the Fiscal Year ended 31 December 2007
- Supporting Document for Agenda 5 :
To Appoints Directors to Replace Those Who are Due to Retired by Rotation
( March 21 , 2008 )
- List of Document Required for Registration Prior to Attend the Meeting (Translation)
( March 21 , 2008 )
- Proxy From A

[ click here for Microsoft Word ]
( March 21 , 2008 )
- Proxy From B
[ click here for Microsoft Word ]
( March 21 , 2008 )
- Proxy From C

[ click here for Microsoft Word ]
- Article of Association of BEC World Plc.
- Map to the 2008 Annual Ordinary General Meeting of Shareholders Location
( March 20 , 2008 )
- Report on the recent BoD's resolutions on calling for the 2008 AGM and dividend payment

BEC World Plc.
Consolidated Financial Statements for the year 2007
Management Discussion and Analysis :

Business Environment :

Following the tragic incident at the New Year Eve, advertising expenditure through television during the first quarter of 2007 had dropped around 5% when compares with the previous quarter, and when major changes incurred at the other channels at the beginning of the second quarter the industry's data as reported by Nielsen Media Research (NMR) seems even more strange as the report does not show any improvement despite the fact that the 2nd quarter normally is the better quarter, but the 2nd quarter ad-spending was 9% worsen year-on-year. However, the industry had recovered during the 2nd half of the year as ad-spending increased every month since the beginning of the 3rd quarter showing growth quarter-on-quarter. Even NMR reported that "Uniliver" the largest advertiser in the industry had substantially cut its ad-spending through out the last quarter of the year but the industry still shows 5% year-on-year growth pushed the TV ad-spending in 2007 up slightly higher than that of the prior year at 53.5 billions, but still lower than the whole ad-spending growth which is reported at 2.5%. TV still has 58% share of the total ad-spending. On the brighter side, the industry is recovering and is more diversified which should be a strong base for future growth.

Structure Changes :

In 2007, the BEC World group was almost unchanged except that now we have "Major Group" as our minority partner in "Thai Ticket" and we had disposed of all our shares in "SMBT Publishing" to the major shareholders, and we also had brought the shares of "BEC-Tero Exhibitions" from our partners increasing our stake in that company to 99.9%, and we also set up a joint venture with "Senario" to stage "Cats" here in Bangkok.

Operating Results :

Due to the change in accounting for investments, from the equity method to cost method in separate (the company only) financial statements of the company, the reported profit as shown in the separate statements is difference from that shown in the consolidated statement. This MD&A will discuss those numbers shown in the consolidated statement in order to avoid confusion.

BEC World group was able to made Baht 2,252 millions as its net profit for the year 2007, higher than that of the last year by Baht 609 millions, up 37 percent, as the advertising income increased continuously since the last quarter of 2005, from the higher utilization rate of our commercial air-time, from expansion of our super-prime slot and from air-time rate increases on certain day parts, while our costs of services were lower down as we had reduced the number of local dramas whereas the concerts and shows businesses are profitable and the selling expenses were slightly increased. Therefore, our operating margin and growth rate of our profit had improved substantially.

Revenues :

Our advertising income in the last quarter of 2007 was in line with the industry, it increased higher than the previous quarter and also higher year on year. BEC World's performance was better than the industry as its year on year growth in the fourth quarter is 26.9% and 14.9% higher for the whole year; the increase came from higher utilization rate of our commercial air-time, from expansion of our super-prime slot and from air-time rate increases on certain day parts. The revenue from concerts and shows in 2007 are also higher than the prior year.

Costs and Operating Expenses :

Costs of services were lower down as we had reduced the number of local dramas. Costs of concerts and shows increased in line with the revenue but at a lower rate. The selling and administration expenses were slightly increased, only at 2.6%.

Financial positions :

Our total assets increased when compared with balances at the end of the previous year as cash and short term investment of our cash increased in line with the improved profit. Our liabilities increased as corporate income tax is higher. Our shareholders' equity increased because of higher profit. BEC World's financial positions are strong as usual.

- Purchase shares of ThaiaudioText Service Co., Ltd.
- Purchase shares of BEC-TERO EXHIBITIONS COMPANY LIMITED
- Submission of Financial Statements for the 3rd Quarter of this Year .
- Disclosure of Information regarding Connected Transaction : Short-Term Lease not exeeding 3 years
Invitation to the 2007 Annual Ordinary General Meeting of Shareholders.
( April 9 , 2007 )
- Invitation to the 2007 Annual Ordinary General Meeting of Shareholders.
( April 9 , 2007 )
- Definition of Independent Director of the Company
( April 9 , 2007 )
- Proxy From A
( April 9 , 2007 )
- Proxy From B
( April 9 , 2007 )
- Proxy From C
( April 9 , 2007 )
- Annual Report 2006
( March 22 , 2007 )
- Report on the recent BoD's resolutions on calling for the 2007 AGM and dividend payment
( May 10 , 2006 )
- Minutes of the Annual General Meeting of the Shareholders for the year 2006 (TRANSLATION)
- Article of Association of BEC World Plc.
- Map to the 2007 Annual Ordinary General Meeting of Shareholders Location
© Copyright 2005 BEC World Plc. All rights reserved