NANCIAL STATEMENTS QUARTER 2/2000

30 June 31 December 2000 1999 Baht Baht Singer Industries (Thailand) Limited Beginning balance 71,500,000 70,000,000 Loans made during the period/year - 1,500,000 Loans repaid during the period/year (1,500,000) - Ending balance 70,000,000 71,500,000 S.T.L. Electronics Limited Beginning balance 32,000,000 36,000,000 Loans made during the period/year 3,000,000 4,000,000 Loans repaid during the period/year (1,500,000) (8,000,000) Ending balance 33,500,000 32,000,000 As at 30 June 2000, loans to subsidiaries bear interest rate at the rate of 9.5 % per annum (31 December 1999: 9.5% per annum). Singer Thailand Public Company Limited Notes to the Interim Consolidated and Company Financial Statements (Unaudited) For the six-month period ended 30 June 2000 and 1999 11 Related Party Transactions (Con't) v) Investments in subsidiaries Investments in subsidiaries in the company financial statements comprise the following companies: Company 30 June 2000 Amount of Amount in Country of Nature of Nature of Paid up capital Investment Cost method Equity method balance sheet incorporation business relationship (Baht) portion % (Baht) (Baht) (Baht) Singer Industries (Thailand) Limited Thai Manufacturing Holding 5,000,000 99.88 4,994,000 105,503,406 105,503,406 Singer (Broker) Limited Thai Life insurance broker Holding 200,000 99.70 199,400 27,571,064 27,571,064 Singer Trading (Thailand) Limited Thai Trading Holding 125,000 99.86 124,825 113,481 113,481 Sansui (Thailand) Limited Thai Trading Holding 50,000 50.86 25,430 - - S.T.L. Electronics Limited Thai Trading Holding 5,000,000 99.84 4,992,000 - - 10,335,655 133,187,951 133,187,951 Singer Thailand Public Company Limited Notes to the Interim Consolidated and Company Financial Statements (Unaudited) For the six-month period ended 30 June 2000 and 1999 11) Related Party Transactions (Con't) v) Investments in subsidiaries (Con't) Company 31 December 1999 Amount of Amount in Country of Nature of Nature of Paid up capital Investment Cost method Equity method balance sheet incorporation business relationship (Baht) portion % (Baht) (Baht) (Baht) Singer Industries (Thailand) Limited Thai Manufacturing Holding 5,000,000 99.88 4,994,000 107,948,905 107,948,905 Singer (Broker) Limited Thai Life insurance Broker Holding 200,000 99.70 199,400 24,767,650 24,767,650 Singer Trading (Thailand) Limited Thai Trading Holding 125,000 99.86 124,825 128,076 128,076 Sansui (Thailand) Limited Thai Trading Holding 50,000 50.86 25,430 - - S.T.L. Electronics Limited Thai Trading Holding 5,000,000 99.84 4,992,000 - - 10,335,655 132,844,631 132,844,631 As at 30 June 2000, the negative investments in Sansui (Thailand) Limited and S.T.L. Electronics Limited are presented as liabilities arising from investments in subsidiaries amounting to Baht 47,364 and Baht 13,124,716 respectively (31 December 1999 : Baht 44,770 and Baht 9,046,805).