12. Financial Status and Operating Performance

Group Financial Highlights

+-------------------------------------------+--------+--------+-------+
| KEPPEL THAI PROPERTIES PUBLIC COMPANY     |        |        |       |
| LIMITED                                   |        |        |       |
+-------------------------------------------+--------+--------+-------+
| For the Year (Million Baht)               | 2006   | 2007   | 2008  |
|                                           |        |        |       |
| Total revenues                            |        |        |       |
+-------------------------------------------+--------+--------+-------+
|                                           | 252.6  | 254.0  | 308.5 |
+-------------------------------------------+--------+--------+-------+
| Total expenses                            | 254.2  | 274.2  | 338.6 |
+-------------------------------------------+--------+--------+-------+
| Loss before interest expenses and tax     | (1.6)  | (20.2) | (     |
|                                           |        |        | 30.0) |
+-------------------------------------------+--------+--------+-------+
| Loss before extraordinary items           | (17.6) | (32.8) | (     |
|                                           |        |        | 54.6) |
+-------------------------------------------+--------+--------+-------+
| Loss after extraordinary items            | (17.6) | (32.8) | (     |
|                                           |        |        | 54.6) |
+-------------------------------------------+--------+--------+-------+
| At the Year–end (Million Baht)            |        |        |       |
+-------------------------------------------+--------+--------+-------+
| Total assets                              | 1      | 1      | 1,    |
|                                           | ,894.8 | ,869.7 | 777.2 |
+-------------------------------------------+--------+--------+-------+
| Total liabilities                         | 1      | 1      | 1,    |
|                                           | ,233.5 | ,244.4 | 212.5 |
+-------------------------------------------+--------+--------+-------+
| Shareholders’ equity                      | 661.3  | 625.2  | 564.7 |
+-------------------------------------------+--------+--------+-------+
| Per Share (Baht)                          |        |        |       |
+-------------------------------------------+--------+--------+-------+
| Loss before extraordinary items           | (0.08) | (0.15) | (     |
|                                           |        |        | 0.25) |
+-------------------------------------------+--------+--------+-------+
| Loss after extraordinary items            | (0.08) | (0.15) | (     |
|                                           |        |        | 0.25) |
+-------------------------------------------+--------+--------+-------+
| Net tangible assets                       | 2.84   | 2.69   | 2.44  |
+-------------------------------------------+--------+--------+-------+
| Financial Ratios                          |        |        |       |
+-------------------------------------------+--------+--------+-------+
| Current ratio                             | 12.9   | 1.7    | 1.6   |
+-------------------------------------------+--------+--------+-------+
| Debt equity ratio (%)                     | 171.1  | 182.5  | 204.4 |
+-------------------------------------------+--------+--------+-------+
| Return on equity (%)                      |        |        |       |
+-------------------------------------------+--------+--------+-------+
| Before extraordinary items                | (2.7)  | (5.2)  | (9.7) |
+-------------------------------------------+--------+--------+-------+
| After extraordinary items                 | (2.7)  | (5.2)  | (9.7) |
+-------------------------------------------+--------+--------+-------+