Performance Report Quarter 1 (As of December 31,1997)

PERFORMANCE REPORT PHATRA LEASING PUBLIC COMPANY LIMITED (UNAUDITED) (AMOUNT IN THOUSANDS BAHT) BALANCE SHEETS AS AT DECEMBER 31,1997 AND 1996 1997 1996 CURRENT ASSETS 689,202 1,225,952 PROPERTY AND EQUIPMENT - NET 1,751,435 1,848,476 TOTAL ASSETS 2,713,229 3,309,960 CURRENT LIABILITIES 1,791,424 1,043,171 TOTAL LIABILITIES 2,005,775 2,556,821 SHAREHOLDERS' EQUITY 707,454 753,139 STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31,1997 AND 1996 1997 1996 RENTAL INCOME FROM OPERATING LEASE CONTRACTS 227,077 199,013 INCOME FROM FINANCE LEASE CONTRACTS 20,510 32,709 DIRECT RENTAL COSTS 156,159 129,507 ADMINISTRATIVE EXPENSES 109,945 83,411 DIRECTORS' REMUNERATION 72 238 NET PROFIT(LOSS) (29,624) 16,469 EARNINGS PER SHARE(BAHT) (0.98) 0.55 REMARK : ADMINISTRATIVE EXPENSES INCLUDE INTEREST EXPENSES BUT EXCLUED INCOME TAX __________________________________ (VISAL KHONGKHA AND KRIRKCHAI SIRIBHAKDI) DIRECTORS