annual report 2009 th

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รายงานประจำปี 2552 บริษัท ไมเนอร์ อินเตอร์เนชั่นแนล จำกัด (มหาชน)

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Annual Report 2009 TH

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  • 8 1/4 8 1/4 7 3/4

    11 1/2

    ?

    ()

    99 16

    42 10110

    : +66 (0) 2365 7500 : +66 (0) 2365 7798-9

    www.minornet.com

    2552 ()

    2552

    (

    )

  • 8 1/4 8 1/4 7 3/4

    11 1/2

    ?

    ()

    99 16

    42 10110

    : +66 (0) 2365 7500 : +66 (0) 2365 7798-9

    www.minornet.com

    2552 ()

    2552

    (

    )

  • 8 1/4 8 1/4 7 3/4

    11 1/2

    ?

    Des

    igned

    by

    Pla

    n G

    rafik

    Tel. :

    0 2

    237

    0080

    # 3

    00

    /

    18.9

    2552

    2551

    2550 95

    53

    Travel + Leisure Top 100

    Travel + Leisure

    5

    Flagship

    208

    2551

    66

    139

    56

    2552

    14 2

    /

    2552

    7

    22

    2552

    4

    1,622

    1

    Conde Nast

    4

    2,149

    413

    ,

    2552

    12.7

    14

    22

    2552 431

    52 751 -

    50 -

    52 22

    51 4

    50 -

    52 4151 -

    50 -

    52 1,622

    51 2,018

    50 1,988

    52 2,149

    51 2,796

    50 2,885

    52 12.7

    51 14.7

    50 9.4

    52 43151 421

    50 417

    52 18.9

    51 22.8

    50 17.7

    52 8.6

    51 9.8

    50 4.4

    52 102

    51 133

    50 127

    52 18851 280

    50 318

    52 182

    51 220

    50 233

    52 208

    51 44

    50 -

    52 4851 29

    50 -

    52 56

    51 7

    50 -

    52 1451 -

    50 -

  • 8 1/4 8 1/4 7 3/4

    11 1/2

    ?

    Des

    igned

    by

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    Tel. :

    0 2

    237

    0080

    # 3

    00

    /

    18.9

    2552

    2551

    2550 95

    53

    Travel + Leisure Top 100

    Travel + Leisure

    5

    Flagship

    208

    2551

    66

    139

    56

    2552

    14 2

    /

    2552

    7

    22

    2552

    4

    1,622

    1

    Conde Nast

    4

    2,149

    413

    ,

    2552

    12.7

    14

    22

    2552 431

    52 751 -

    50 -

    52 22

    51 4

    50 -

    52 4151 -

    50 -

    52 1,622

    51 2,018

    50 1,988

    52 2,149

    51 2,796

    50 2,885

    52 12.7

    51 14.7

    50 9.4

    52 43151 421

    50 417

    52 18.9

    51 22.8

    50 17.7

    52 8.6

    51 9.8

    50 4.4

    52 102

    51 133

    50 127

    52 18851 280

    50 318

    52 182

    51 220

    50 233

    52 208

    51 44

    50 -

    52 4851 29

    50 -

    52 56

    51 7

    50 -

    52 1451 -

    50 -

  • P.3 7 5/8 P.4 8 1/8

    11 1/2

    P.1 8 1/8 2 7 5/8

    , , ,

    (, )

    52 47751 594

    50 604

    52 238

    51 264

    50 226

    52 11751 111

    50 83

    52 18651 234

    50 210

    52 3751 46

    50 40

    52 14851 180

    50 211

    52 61651 671

    50 634

    52 1,278

    51 1,391

    50 1,515

    52 32

    51 36

    50 35

    /

    ()

    171

    73

    4,257

    5

    114

    116

    2,481

    9

    115

    54

    95

    251

    17

    42

    1,720

    14

    233

    872

    23

    765

    26

    , ,

    52 4,257

    51 4,041

    50 3,657

    52 2,481

    51 2,273

    50 2,020

    52 115

    51 75

    50 -

    52 251

    51 215

    50 -

    52 1,720

    51 1,503

    50 1,295

    52 872

    51 843

    50 724

    52 765

    51 691

    50 594

    52 581

    51 461

    50 409

    52 1,225

    51 1,323

    50 1,020

    477 2552

    238

    117 5

    186

    2552 37

    2552

    148

    3

    616

    1,278

    2552

    .. 2552

    .. 2552

    006007008036040041043044129

    139

    149

    150

    151

    156

    163172

    184

  • ,,,

    (,)

    52 47751 594

    50 604

    52 23851 264

    50 226

    52 11751 111

    50 83

    52 18651 234

    50 210

    52 3751 46

    50 40

    52 14851 180

    50 211

    52 61651 671

    50 634

    52 1,278 51 1,391

    50 1,515

    52 3251 36

    50 35

    /

    ()

    171 73 4,257 5

    114 116 2,481 9

    115 54

    95 251 17

    42

    1,720 14

    233 872

    23 765

    26

    , ,

    52 4,25751 4,041

    50 3,657

    52 2,48151 2,273

    50 2,020

    52 11551 75

    50 -

    52 25151 215

    50 -

    52 1,72051 1,503

    50 1,295

    52 87251 843

    50 724

    52 76551 691

    50 594

    52 58151 461

    50 409

    52 1,22551 1,323

    50 1,020

    477 2552

    238

    117 5

    186

    2552 37

    2552 148

    3

    616

    1,278 2552

  • P.3 7 5/8 P.4 8 1/8

    11 1/2

    P.1 8 1/8 2 7 5/8

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    (, )

    52 47751 594

    50 604

    52 238

    51 264

    50 226

    52 11751 111

    50 83

    52 18651 234

    50 210

    52 3751 46

    50 40

    52 14851 180

    50 211

    52 61651 671

    50 634

    52 1,278

    51 1,391

    50 1,515

    52 32

    51 36

    50 35

    /

    ()

    171

    73

    4,257

    5

    114

    116

    2,481

    9

    115

    54

    95

    251

    17

    42

    1,720

    14

    233

    872

    23

    765

    26

    , ,

    52 4,257

    51 4,041

    50 3,657

    52 2,481

    51 2,273

    50 2,020

    52 115

    51 75

    50 -

    52 251

    51 215

    50 -

    52 1,720

    51 1,503

    50 1,295

    52 872

    51 843

    50 724

    52 765

    51 691

    50 594

    52 581

    51 461

    50 409

    52 1,225

    51 1,323

    50 1,020

    477 2552

    238

    117 5

    186

    2552 37

    2552

    148

    3

    616

    1,278

    2552

    .. 2552

    .. 2552

    006007008036040041043044129

    139

    149

    150

    151

    156

    163172

    184

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    11 1/2

    P.1 8 1/8 2 7 5/8

    , , ,

    (, )

    52 47751 594

    50 604

    52 238

    51 264

    50 226

    52 11751 111

    50 83

    52 18651 234

    50 210

    52 3751 46

    50 40

    52 14851 180

    50 211

    52 61651 671

    50 634

    52 1,278

    51 1,391

    50 1,515

    52 32

    51 36

    50 35

    /

    ()

    171

    73

    4,257

    5

    114

    116

    2,481

    9

    115

    54

    95

    251

    17

    42

    1,720

    14

    233

    872

    23

    765

    26

    , ,

    52 4,257

    51 4,041

    50 3,657

    52 2,481

    51 2,273

    50 2,020

    52 115

    51 75

    50 -

    52 251

    51 215

    50 -

    52 1,720

    51 1,503

    50 1,295

    52 872

    51 843

    50 724

    52 765

    51 691

    50 594

    52 581

    51 461

    50 409

    52 1,225

    51 1,323

    50 1,020

    477 2552

    238

    117 5

    186

    2552 37

    2552

    148

    3

    616

    1,278

    2552

    .. 2552

    .. 2552

    006007008036040041043044129

    139

    149

    150

    151

    156

    163172

    184

  • 100%

    25,000

    30 1,112 293 90

    20

  • 2548 2549 2550 2551 2552

    10,045 11,716 13,538 15,814 16,460

    () 10,418 12,395 14,029 16,515 17,291

    6,702 7,631 8,980 10,521 10,671

    2,913 3,271 3,759 4,303 3,791

    1,760 1,961 2,463 2,924 2,230

    () (2) 24 5 (64) (15)

    1,061 1,280 1,611 1,892 1,400

    15,439 17,787 21,280 25,064 28,271

    9,500 9,662 11,572 12,760 16,217

    7,190 7,091 8,335 9,101 11,530

    5,939 8,124 9,708 12,304 12,054

    2,290 2,373 2,364 3,388 2,795

    66.73 65.13 66.33 66.53 64.83

    10.19 10.33 11.48 11.46 8.10

    () 7.19 7.71 8.25 8.17 5.25

    18.30 18.21 18.07 17.19 11.50

    1.21 0.87 0.86 0.74 0.96

    () 1.02 0.83 0.73 0.69 0.72

    1.60 1.19 1.19 1.04 1.35

    0.37 0.40 0.49 0.56 0.43

    () 2.17 2.75 3.21 3.40 3.71

    () 0.22 0.125 0.15 0.25 0.31

    (%) 76.23 34.63 35.05 50.98 57.38

    0.92 0.88 0.89 1.01 0.86

    () 1 1 1 1 1

    () 3,097,854 3,313,076 3,275,302 3,689,623 3,351,851

    200,000 63,520 63,520 - -

    2,670,136 2,894,584 2,958,216 3,614,264 3,246,416

    63,520 63,520 63,520 - -

    2,499,430 2,687,647 2,762,173 3,361,793 3,268,811

    63,520 63,520 63,520 - -

    - 271,704 239,140 - -

    1,158 77,598 62,065 38,066 66,524

    : 1. 2548 0.12 0.10

    2. 2548 42.17 34.06

    3. 2549 - 2550 2551

    4. 2551 0.15 0.10

    5. 2551 30.59 20.39

    006 2552

  • 31 2552 () 2,795 (1) (3,011) (2) (160)

    (376) (4)

    312551 1,349 312552 969

    31 2551 ()

    1,349 3,004 8,023 12,688

    25,064

    4,850 7,910 , 6,597 () 5,084 623

    25,064

    31 2552 () 17,122 10,509 8,447

    2,062

    169

    2,231 429

    1,802 306 96

    1,400

    31 2552 () 969 (4) 3,948 (5) 9,290 (6) 14,064

    28,271

    6,677 (7) 9,539 , (8) 5,866 () 5,287 902

    28,271

    31 2552 () 31 2551 5,084 (156) 2552 1,400 (3) (1,041)

    31 2552 5,287

    (1) 311 65

    2,463

    (2) 160 2,000

    550 671

    (3) 2552 2 (0.23 )

    (0.08 )

    1,041

    (4) 944

    .

    (5) . ,

    Thai Express

    (6) 1,376 1,964

    501

    . 324

    1,414

    (7) 1,629

    (8) 731 2552

    .

    007 ()

  • 08 2552

    008

    2552

    2552

    2552

    2552

    1,400 26

    0.43 23

    17,290 5

    ()

    4

  • 09 ()

    1.

    2.

    3.

    ()

    4.

    ()

    5.

    6.

    ()

    7.

    ()

    1 2

    34 5

    67

    009 ()

    2552

    48

    59

    2552

    (finest hour) 25,000

    (Diversity)

    2552

    2

    9

    2

    2552

  • 010 2552

    2548 2549 2550 2551 2552

    20,000

    15,000

    10,000

    5,000

    0

    2551

    2553

    2552

    1

    2551

    2552

    2552 65

    52

    7

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  • 011 ()

    2548 2549 2550 2551 2552

    2,000

    1,500

    1,000

    500

    0

    5,597 24

    48

    30

    8

    : 2552 24 5,830

    17

    2552

    ()

  • 012 2552

    3%

    2 5 5 2

    Conde Nast Traveller Travel + Leisure

    2552

    82

    227

    2553

    :

    12

    4

    2557

    30 10

    2552

    3

    (

    )

    238 7

    3

    2553

    29%

    1%

    4%

    55%

    8%

  • 013 ()

    2552

    15

    5

    :

    2551

    591

    4

    2552

    7 14

    53

    2553

    2552

  • 014 2552

    :

    25,000

    20,000

    15,000

    10,000

    5,000

    0

    2543 2544 2545 2546 2547 2548 2549 2550 2551 2552

    9,483

    13 59

    2552

    2551 81

    64

    1,112

    11

    10

    , ,

    ()

  • 015 ()

    682

    430

    2552 69

    (systemwide sales)

    21,879

    13

    287 7

    :

    730

    , , ,

    30 2552

    7

    2

    21

    8

    :

    2551 2552

    2552

    38 43

  • 016 2552

  • 017 ()

    78

    , ,

    : 2551

    50

    2552

    17 145

    2552

    2

    4 2553

    3

    2

    :

    36 5

    2552

    90 2 5

    2552

    ()

    100

    2,791

    98

    , ,

    (FMCG Fast Moving Consumer Goods)

    :

    17

    (Gap)

    ,

    2553

  • 018 2552

    :

    2552

    (FMCG)

    2552

    8

    2 5 5 3

    2552

    2553

    2552

    2553

    80

    , ,

    2553

    2553

  • 019 ()

    2553

    0.88

    TRIS

    (credit rating) A

    25,000

    2553

    2552

    2552

    Tiger Awards

  • 020 2552

    18

    16

    14

    12

    10

    8

    6

    4

    2

    0

    2541 2542 2543 2544 2545 2546 2547 2548 2549 2550 2551 2552P 2553F 911

    ()

    2553

    :

    P F

    :

    020

    2552

    3

    14.1 2552

    56 49

    2553

    11 2553

    2552

  • 021 ()

  • 022 2552

    2552

    48

    2552

    45

    (RevPar) 30

    10 2551

    7

    7 5

    2552

    15

    3

    63

    26 23

    48 (RevPar)

    25 20

    Conde Nast Traveller

  • 023 ()

    Worlds Best, 2009

    T+L 100, 2009

    37

    53

    IT List 2009

    Worlds Best Spas, 2009

    5

    1

    Gold List, 2010

    Gold List, 2009

    Readers Choice, 2009

    1

    8

    17

    24

    41

    10

    122

  • 024 2552

    2553

    2552

    2553

    2

    () 2547 2548 2549 2550 2551 2552

    83% 86% 91% 87% 75% 60%

    74% 80% 86% 79% 77% 68%

    72% 81% 87% 83% 70% 65%

    77% 67% 63% 74% 73% 60%

    61% 76% 74% 70% 62% 46%

    35% 40% 40% 45% 41% 32%

    - 46% 60% 71% 67% 64%

    - - - - 30% 36%

    - - - - 20% 17%

    * - - - - - 56%

    * - - - - - 25%

    - - 74% 71% 83% 70%

    - - 70% 67% 74% 61%

    - - - - 63% 59%

    - - - - 34% 37%

    * - - - - - 20%

    60% 59% 56% 54% 46% 32%

    71% 63% 55% 63% 57% 52%

    - - 42% 48% 38% 30%

    - - - 64% 57% 43%

    - - - 24% 52% 47%

    43% 46% 60% 63% 43% 29%

    67% 71% 72% 72% 65% 52%

    2552

    30 2557

    : * 3 2552 ( .. 2552), ( .. 2552) ( .. 2552)

  • 025 ()

    (/) 2547 2548 2549 2550 2551 2552

    2,951 3,444 3,654 3,945 4,337 3,726

    2,798 3,101 3,360 3,704 3,832 3,403

    3,065 3,194 3,234 3,373 3,773 3,355

    4,727 5,561 6,031 6,015 5,925 5,135

    3,669 3,814 3,945 4,008 4,050 3,546

    4,173 4,756 5,457 5,230 5,999 5,915

    - 5,639 5,578 5,281 5,273 4,457

    - - - - 12,694 12,295

    - - - - 4,138 3,314

    * - - - - - 2,210

    * - - - - - 6,132

    - - 6,363 6,979 10,854 12,102

    - - 11,508 12,508 15,059 15,334

    - - - - 8,449 8,319

    - - - - 13,038 11,900

    * - - - - - 14,312

    11,008 12,115 12,412 12,599 14,031 11,294

    5,139 5,665 5,975 6,151 6,273 5,385

    - - 21,280 31,379 39,927 40,134

    - - - 17,812 20,948 21,413

    - - - 27,635 34,470 31,752

    1,448 1,689 1,556 1,954 2,905 2,848

    3,817 4,278 4,627 5,454 6,339 5,880

    : * 3 2552 ( .. 2552), ( .. 2552) ( .. 2552)

  • 026 2552

    2551 2552 2553F 2554F 2555F 2556F

    413 413 413 413 413 413

    296 296 296 296 296 296

    219 219 219 219 219 219

    265 265 265 265 265 265

    187 187 187 187 187 187

    77 77 77 77 77 77

    106 106 106 126 126 126

    83 83 83 83 83 83

    - - 82 82 82 82

    64 76 76 76 76 76

    356 356 356 356 356 356

    15 15 15 15 15 15

    60 60 60 60 60 60

    - - 227 227 227 227

    2,141 2,153 2,462 2,482 2,482 2,482

    127 127 127 127 127 127

    50 50 50 50 50 50

    110 110 110 110 110 110

    19 19 19 19 19 19

    90 90 90 90 90 90

    146 146 146 146 146 146

    79 79 79 79 79 79

    18 30 30 30 30 30

    20 20 20 20 20 20

    20 20 20 20 20 20

    20 20 20 20 20 20

    - 10 10 10 10 10

    - - - 12 12 12

    - - - 12 12 12

    - - - 16 16 16

    - - - 8 8 8

    699 721 721 769 721 721

    : F

  • 027 ()

    2551 2552 2553F 2554F 2555F 2556F

    60 60 60 60 60 60

    - - - 93 93 93

    138 138 138 138 138 138

    - 97 97 97 97 97

    - 122 122 122 122 122

    - - - 122 122 122

    - - - 105 105 105

    - - - - 120 120

    64 64 64 64 64 64

    - 206 206 206 206 206

    - - 30 30 30 30

    - - 30 30 30 30

    - - - - 473 473

    - - - 109 109 109

    - - - 67 67 67

    - - - 122 122 122

    - - - - 126 126

    - - - - - 95

    - - - - 200 200

    - - - - 200 200

    - - - - 60 60

    262 687 747 1,365 2,544 2,639

    3,102 3,561 3,930 4,616 5,747 5,842

    2551 2552 2553F 2554F 2555F 2556F

    14 14 14 14 14 14

    - - 53 53 53 53

    14 14 67 67 67 67

    : F

  • 028 2552

    2552

    2

    7

    2552

    38 34

    2547

    30

    20

    14

    2550 2551 2552 () () () ()

    7,079,262 31.0 7,793,019 30.4 8,338,531 30.2

    2,915,503 12.8 3,492,781 13.6 3,807,131 13.8

    4,732,298 20.8 5,152,652 20.1 5,461,812 19.8

    3,036,609 13.3 3,479,693 13.6 3,827,662 13.9

    () 5,038,595 22.1 5,740,727 22.4 6,142,578 22.3

    22,802,267 100.0 25,658,872 100.0 27,577,713 100.0 . 7,257,857 31.8 8,547,165 33.3 9,189,623 33.3

    028

    2553

    : ()

    :

    2552

  • 029 ()

    230

  • 030 2552

    (off-peak)

    15

    10

    () 1,112 2552

    9,483 13

    2551 59

    ,

    244 7

  • 031 ()

    15 1,112

    1,043

    2552 21,879

    13

    4

    3

    2 1

    2552

    244 205 17

    22

    () 100

    2552

    2553

    2552

    9 8

    2552 230

    30

    2552

    2552

    61 67

    4 , ,

    2552

    38 43

    2552

  • 032 2552

    : F * 2551 MINT 50 70 **

    2550 2551 2552 2553F 2554F 2555F

    553 645 682 717 761 793

    150 173 171 176 181 185

    113 113 114 116 121 123

    35 36 42 41 43 45

    207 219 233 247 263 274

    20 22 23 26 29 31

    * - 11 17 20 21 22

    * - 47 61 66 71 76

    ** 28 24 21 25 32 37

    123 398 430 483 555 638

    51 70 73 84 102 129

    70 109 116 129 153 180

    - - - - 1 2

    * - 203 224 249 275 300

    * - 14 17 21 24 27

    ** 2 2 - - - -

    676 1,043 1,112 1,200 1,316 1,431

    2550 2551 2552 2553F 2554F 2555F

    626 704 733 768 801 828

    525 560 581 608 640 665

    101 144 152 160 161 163

    50 339 379 432 515 603

    28 85 101 109 121 128

    22 254 278 323 394 475

    676 1,043 1,112 1,200 1,316 1,431

    2552 224

    17

    2 2552

    17

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  • 035 ()

    2552

    2552

    2552

    2552

    2553

    2552

    ()

    MINT 2552

    98 28

    13 2,791

    17

    8

    (Fast Moving Consumer Goods: FMCG)

    2552 Gap Inc.

    (Gap)

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    2553

  • 036 2552

    4

    CSR

    100%

    3

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    MY PEOPLE MY PLANET MINOR

  • 037 ()

    4 Minor

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    M Y P E O P L E

    CSR

  • 038 2552

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    Golden Triangle Elephant Foundation

    30

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    ()

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    2550

  • 039 ()

  • 040 2552

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  • 042 2552

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    7.

    31 2553 26 2553

  • 040 2552

    ()

    3

  • 043 ()

    ....................................................................................................................................................................................................................................................

    ()

    31 .. 2552 .. 2551 () ()

    31 .. 2552 .. 2551 () ()

    3442 25 .. 2553

  • ....................................................................................................................................................................................................................................................

    ....................................................................................................................................................................................................................................................

    044 2552

    ....................................................................................................................................................................................................................................................

    () 31 .. 2552 .. 2551

    7 968,814,956 1,349,172,033 149,633,602 716,605,579 - 8 1,000,228,136 518,194,886 25,952,293 21,479,300 14 65,268,872 48,569,438 530,936,860 403,715,511 - 9 854,148,181 606,431,096 5,324,677 5,333,478

    - 10 385,652,140 382,644,664 - - 11 1,642,635,720 1,448,154,353 738,944,644 642,130,852 4,916,748,005 4,353,166,470 1,450,792,076 1,789,264,720

    14 445,349,753 410,031,083 8,820,858,202 7,406,141,167 12 1,353,096,582 1,241,628,509 6,683,546,508 5,898,518,875 - 13 839,831,309 833,236,098 743,811,618 487,237,340 15 2,956,411,700 1,545,986,044 - - - 16 11,107,944,242 11,141,888,138 500,717,086 475,701,179 - 17 3,750,179,282 2,783,772,631 11,845,154 14,822,677 - 18 1,963,581,723 2,019,403,372 5,606,990 6,229,610 19 937,677,370 735,370,548 58,040,511 35,266,234 23,354,071,961 20,711,316,423 16,824,426,069 14,323,917,082 28,270,819,966 25,064,482,893 18,275,218,145 16,113,181,802

    55 128

    2552 2551 2552 2551

  • ....................................................................................................................................................................................................................................................

    ....................................................................................................................................................................................................................................................

    045 ()

    ()

    ....................................................................................................................................................................................................................................................

    () 31 .. 2552 .. 2551

    20 683,334,700 683,380,916 - - 14 - - 1,233,052,788 703,956,347 1,201,366,493 849,314,869 14,655,337 8,086,620 14 29,170,277 2,419,109 5,542,872 13,960,075 22 535,022,409 411,022,408 244,000,000 120,000,000 23 1,275,000,000 550,000,000 1,275,000,000 550,000,000 32,184,225 27,294,507 - - 198,614,630 320,730,688 - 145,222 858,149,683 728,579,720 184,240,941 171,161,688 21 1,864,578,147 1,277,718,539 34,031,345 49,286,760 6,677,420,564 4,850,460,756 2,990,523,283 1,616,596,712

    22 2,136,552,759 1,281,370,070 1,396,000,000 300,000,000 23 6,900,000,000 6,175,000,000 6,900,000,000 6,175,000,000 24 167,064,547 133,947,929 39,130,126 41,157,470 25 335,539,516 319,367,390 9,319,227 2,413,829 9,539,156,822 7,909,685,389 8,344,449,353 6,518,571,299 16,216,577,386 12,760,146,145 11,334,972,636 8,135,168,011

    55 128

    2552 2551 2552 2551

  • ....................................................................................................................................................................................................................................................

    ....................................................................................................................................................................................................................................................

    046 2552

    55 128

    ()

    ....................................................................................................................................................................................................................................................

    () 31 .. 2552 .. 2551

    2552 2551 2552 2551

    ()

    26

    3,351,850,736 3,689,623,229 3,351,850,736 3,689,623,229

    3,246,415,792 3,614,264,065 3,246,415,792 3,614,264,065

    26 3,065,856,272 3,040,085,741 3,040,203,896 3,014,433,365

    - (370,978,560) - - 231,030 - 231,030 -

    104,788,723 104,788,723 - - 36 (755,412,590) - (587,397,515) -

    83,303,224 (12,305,745) 61,074,606 (130,554,806)

    (228,495,510) (126,687,406) - -

    - 28 347,774,113 347,774,113 347,774,113 347,774,113 5,287,565,500 5,083,915,190 831,943,587 1,132,097,054

    11,152,026,554 11,680,856,121 6,940,245,509 7,978,013,791 902,216,026 623,480,627 - - 12,054,242,580 12,304,336,748 6,940,245,509 7,978,013,791 28,270,819,966 25,064,482,893 18,275,218,145 16,113,181,802

  • ....................................................................................................................................................................................................................................................

    ....................................................................................................................................................................................................................................................

    047 ()

    55 128

    14 4,331,923,498 5,338,552,540 400,661,181 513,024,788 426,121,406 466,061,162 - - 93,668,896 108,484,031 93,668,896 40,504,869 315,377,584 358,230,550 - - 9,196,304,625 8,135,977,125 - - - 591,133,964 - - 1,379,177,530 - - - 430,182,495 547,250,296 209,040,634 180,093,745 287,249,954 268,342,559 - - 47,760,815 43,551,592 812,024,457 1,098,658,033 614,365,551 541,725,494 513,074,242 541,649,324 17,122,132,354 16,399,309,313 2,028,469,410 2,373,930,759

    14 2,255,942,373 2,462,650,300 169,175,215 195,132,599 207,177,576 180,210,307 - - 23,560,421 23,126,660 50,292,601 20,658,017 179,466,371 178,965,644 - - 3,075,756,278 2,990,294,007 - - - 232,298,543 - - 870,829,873 - - - 6,741,913,929 6,055,386,066 312,799,089 335,742,452 1,604,347,209 1,349,590,950 244,408,659 199,749,483 101,521,818 118,020,058 71,912,522 88,247,957 15,060,515,848 13,590,542,535 848,588,086 839,530,508

    2,061,616,506 2,808,766,778 1,179,881,324 1,534,400,251

    12 ) 168,653,858 115,649,039 - - 29 2,230,270,364 2,924,415,817 1,179,881,324 1,534,400,251 (428,709,920) (378,434,140) (389,512,149) (355,012,574) 1,801,560,444 2,545,981,677 790,369,175 1,179,387,677 30 (305,772,508) (576,915,202) - (16,349,211) 1,495,787,936 1,969,066,475 790,369,175 1,163,038,466

    1,400,315,993 1,892,286,051 790,369,175 1,163,038,466 95,471,943 76,780,424 - -

    1,495,787,936 1,969,066,475 790,369,175 1,163,038,466

    31 0.4284 0.5629 0.2418 0.3460 0.4256 0.5583 0.2402 0.3432

    ....................................................................................................................................................................................................................................................

    ....................................................................................................................................................................................................................................................

    () 31 .. 2552 .. 2551

    2552 2551 2552 2551

  • 048 2552

    1

    .

    . 25

    52-

    3,614

    ,264,0

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    40,08

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    88,72

    3-

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    347,7

    74,11

    35,1

    81,96

    9,956

    11,77

    8,910

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    84,32

    6 12,4

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    5,213

    5.1

    --

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    3-

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    347,7

    74,11

    35,0

    83,91

    5,190

    11,68

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    80,62

    712,3

    04,33

    6,748

    --

    --

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    -15

    8,739

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    158,7

    39,97

    7

    -

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    45

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    36

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    36

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    37,56

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    31

    ..

    2552

    3,246

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    80

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    ........................................................................................................................................................................................................................................................................................................................................................................

    (

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    31

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    2551

    .........................................................................................................................................................................................................................................................................................................................................................................

    ........................................................................................................................................................................................................................................................................................................................................................................

    5

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  • 049 ()

    1

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    4,788

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    75

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    32

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    31

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    (

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    (

    )

    31

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    52

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    2551

    ........................................................................................................................................................................................................................................................................................................................................................................

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    .......................................................................................................................................................................................................................................................................................................................................................................

    5

    5 1

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  • 050 2552

    1

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    31,1

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    8,605

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    42

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    51)

    (22,29

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    1

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    -

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    31

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    ()

    ........................................................................................................................................................................................................................................................................................................................................................................

    (

    )

    31

    .. 25

    52

    ..

    2551

    .........................................................................................................................................................................................................................................................................................................................................................................

    ........................................................................................................................................................................................................................................................................................................................................................................

    5

    5 1

    28

    (

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  • 051 ()

    1

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    1,257

    ,694,1

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    19,94

    5,563

    31

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    14,26

    4,065

    3,014

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    ....................................................................................................................................................................................................................................................

    052 2552

    ....................................................................................................................................................................................................................................................

    () 31 .. 2552 .. 2551

    1,801,560,444 2,545,981,677 790,369,175 1,179,387,677

    29 1,565,461,619 1,378,407,132 78,045,700 72,967,958 9,736,047 10,001,291 4,831,627 5,265,834

    () 6,286,302 (6,782,492) (22,393) 164,530 (47,689,790) (38,643,673) - -

    12 ) (168,653,858) (115,649,039) - - 428,709,920 378,434,140 389,512,149 355,012,574 (61,261,904) (81,121,137) (441,752,799) (413,597,985) (47,760,815) (43,551,592) (812,024,457) (1,098,658,033) - - (5,487,722) - - - - (44,686,093) - (10,056) - -() 5,432,706 (77,439,775) - -

    96,519,972 104,151,759 2,714,759 3,863,544 9 (553,091) 10,361,000 - -

    (1,149,315) (1,008,097) - - 24 19,368,465 20,403,953 3,369,252 6,487,128

    (175,482,020) 177,730,184 (4,450,600) 9,042,658 87,536,168 (94,267,092) 8,801 (105,756) (2,911,820) 235,647,123 - - (101,149,591) 40,409,243 (5,078,045) (10,255,141) 114,384,853 (7,838,498) 6,568,717 1,948,488 (13,628,986) (15,130,822) (46,793,579) 24,269,644 66,812,849 (148,894,902) (1,473,266) (1,845,275) 49,937,760 44,026,493 - - (4,279,982) 6,350,417 6,905,398 (79,975)

    () 3,627,225,933 4,321,567,237 (34,757,283) 89,181,777 (366,689,439) (384,603,668) (329,639,318) (378,418,054) (458,160,217) (539,700,376) (12,662,961) (16,203,211) (7,239,112) (8,855,277) (5,396,596) (2,707,028)

    2,795,137,165 3,388,407,916 (382,456,158) (308,146,516) 55 128

    2552 2551 2552 2551

  • ....................................................................................................................................................................................................................................................

    ....................................................................................................................................................................................................................................................

    053 ()

    ()

    ....................................................................................................................................................................................................................................................

    () 31 .. 2552 .. 2551

    55 128

    () (64,165,778) 66,209,282 (1,458,886,633) (2,603,961,394) () (39,351,444) 179,376,213 (39,351,444) 179,376,213

    (310,891,584) (313,609,872) (916,004,850) (10,540,000) 10,979,788 - - - - - 15,494,850 - 12 ) - - 43,622,004 437,474,550 20,149,232 105,015,718 401,886,236 412,996,664

    122,870,045 155,461,518 728,972,707 1,098,658,033 13 (64,944,865) (55,760,666) (64,944,865) (55,760,666) - (837,430,557) - - - (597,704,766) - - (1,134,897,733) (1,967,881,773) - - 11,855,982 24,576,100 3,139,102 799,393 (61,905,813) (43,415,829) (3,360,451) (6,661,697) (1,340,020,341) (1,427,044,895) (115,737,025) (49,610,777)

    - - - (24,608,409) (160,199,319) (187,354,086) (27,605,904) (8,984,081) (3,010,521,830) (4,899,563,613) (1,432,776,273) (630,822,171)

    () (30,714,440) 2,845,607 520,679,238 (758,118,130) 3,512,367,200 2,731,660,400 - - (4,381,087,914) (2,670,044,000) - - 22 2,370,452,391 654,400,000 2,320,217,391 - 22 (1,391,269,701) (673,859,459) (1,100,217,391) (120,000,000) 23 2,000,000,000 1,000,000,000 2,000,000,000 1,000,000,000 23 (550,000,000) (275,000,000) (550,000,000) (275,000,000) 26 34,553,531 1,413,192,789 34,553,531 1,519,945,563 26 (671,367,274) - (886,680,703) - 231,030 - 231,030 - 32 (1,053,630,470) (479,355,237) (1,090,522,642) (492,711,307) () (160,465,647) 1,703,840,100 1,248,260,454 874,116,126

    2552 2551 2552 2551

  • ....................................................................................................................................................................................................................................................

    ....................................................................................................................................................................................................................................................

    054 2552

    ()

    ....................................................................................................................................................................................................................................................

    () 31 .. 2552 .. 2551

    () (375,850,312) 192,684,403 (566,971,977) (64,852,561) 1,348,706,217 1,146,785,767 716,605,579 781,458,140 () (4,040,949) 9,236,047 - - 968,814,956 1,348,706,217 149,633,602 716,605,579

    31

    55 128

    7 968,814,956 1,349,172,033 149,633,602 716,605,579 20 - (465,816) - -

    968,814,956 1,348,706,217 149,633,602 716,605,579

    31 .. 2552 .. 2551 :

    310,222,363 316,326,595 1,553,660 15,335,809

    744,442,500 294,090,330 - -

    2552 2551 2552 2551

    .................................................................................................................................................................................................................................................... 2552 2551 2552 2551

    .................................................................................................................................................................................................................................................... 2552 2551 2552 2551

  • 055 ()

    ....................................................................................................................................................................................................................................................

    () 31 .. 2552 .. 2551

    1.

    () ()

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    .. 2531 ()

    25 .. 2553

    2.

    2.1

    .. 2543 .. 2547 .. 2535

  • 056 2552

    2.2 26

    .. 2552

    1 .. 2552

    36 ( 2550) 5 ( 2550)

    ( 54 ) ( 2550) ( 26 .. 2552)

    1 .. 2554 1 .. 2555

    1 .. 2554 24 ( 2550)

    ( 47 ) 40

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    2.3 ()

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    2.12

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    2.4

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    2.5

  • 058 2552

    2.6

    2.7

    2.8

    2.9

    2.10

    2.11

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  • 059 ()

    2.12

    1 - 3

    3 - 20

    3 - 5

  • 060 2552

    3 - 5

    2.13

    5 20 5 10 20 30 40 10 5 - 15 5 10 15 5 10 5

    5

    3 - 7

    ....................................................................................................................................................................................................................................................

    ....................................................................................................................................................................................................................................................

  • 061 ()

    2.14

    2.15 ( )

    2.16

    ()

  • 062 2552

    ()

    2.17

    ()

    12

    2.18 ()

    2.19

    1 .. 2552 (Actuarial Technique) 5.1

    2.20

    2.21

  • 063 ()

    2.22

    /

    2.23

    () 20

    - - -

    ....................................................................................................................................................................................................................................................

    ....................................................................................................................................................................................................................................................

  • 064 2552

    2.24

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    3.1

    3.2 2.12

    3.3

    3.4

    ()

  • 065 ()

    4.

    4.1

    4.1.1

    4.1.2

    ()

    4.1.3

    4.2

  • 066 2552

    4.3

    5.

    5.1 .. 2552

    31 .. 2551

    31 .. 2551 98,958,465 22,291,551

    1 .. 2551 (90,500,693) (23,027,152) 31 .. 2551 (98,958,465) (22,291,551)

    31 .. 2551 () 8,457,772 (735,601) () (8,457,772) 735,601

    () (0.0025) 0.0002 () (0.0025) 0.0002

    5.2 .. 2551 43 ()

    1 .. 2551 351.8 1 .. 2551

    ....................................................................................................................................................................................................................................................

    ....................................................................................................................................................................................................................................................

  • 067 ()

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    2551

    2552

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    794

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    319

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    9,485

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  • 068 2552

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    16,460 15,814 9,847 9,746 28,271 25,064

    2552 2551 2552 2551 2552 2551

    ....................................................................................................................................................................................................................................................

    84,588,896 102,285,675 5,779,260 7,031,337 884,226,060 1,246,886,358 143,854,342 709,574,242 968,814,956 1,349,172,033 149,633,602 716,605,579

    .................................................................................................................................................................................................................................................... 2552 2551 2552 2551

    0.125 2 (.. 2551 : 0.125 3.54)

    8. -

    1,020,330,653 521,949,684 26,170,115 21,719,515 (20,102,517) (3,754,798) (217,822) (240,215) - 1,000,228,136 518,194,886 25,952,293 21,479,300

    .................................................................................................................................................................................................................................................... 2552 2551 2552 2551

  • 069 ()

    9. -

    884,866,254 452,413,672 21,267,544 18,879,750

    90 101,240,128 53,225,853 4,417,805 2,363,02991 180 21,439,182 6,222,459 221,506 282,768 181 12,785,089 10,087,700 263,260 193,968

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    .................................................................................................................................................................................................................................................... 2552 2551 2552 2551

    48,252,841 42,798,912 2,495,984 2,284,350 943,383 699,382 - - () 278,699,112 105,765,737 - - () 458,737,078 382,838,960 - - 9,032,989 - - - 58,482,778 74,328,105 2,828,693 3,049,128 - 854,148,181 606,431,096 5,324,677 5,333,478

    .................................................................................................................................................................................................................................................... 2552 2551 2552 2551

    .. 2552 553,091

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    31,633,734 31,633,734 630,727,301 630,612,152 93,601,984 91,446,609 28,959,286 28,959,286 7,530,165 6,793,213

    792,452,470 789,444,994 (406,800,330) (406,800,330) - 385,652,140 382,644,664

    ....................................................................................................................................................................................................................................................

    2552 2551

    31 .. 2552 (.. 2551 :2 )

  • 070 2552

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    .................................................................................................................................................................................................................................................... 2552 2551 2552 2551

    .. 2553

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    ....................................................................................................................................................................................................................................................

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  • 076 2552

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    PT Lodging Management (Indonesia) 93.3 93.3

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    () (MINOR) 12 .. 2552 MINOR ( 36)

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    .................................................................................................................................................................................................................................................... 2552 2551 2552 2551

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