Year Ended 31 December, 2008 (Pro Forma) (4) 75,968,330 1,359,835 8.45 - 110.04 - Year Ended 31 December, 2008 (Audited) 53,331,844 2,656,296 16.51 - 110.04 - Year Ended 31 December, 2007 (Audited) 32,345,381 908,771 22.72 - 158.69 - Year Ended 31 December, 2006 (Audited) (5) 18,759,951 684,130 17.10 - 133.81 - (1) Net profit attributable to equity holders of the Company (2) Based on 40,000,000 shares in 2006, 40,000,000 shares in 2007, 160,914,415 shares in 2008, and 3,351,543,910 shares in the nine months ended September 30, 2009. Par @ Baht 10 for the year ended 31 December 2006, 2007, 2008. Par @ Baht 1 for nine months ended 30 September, 2009 (3) Calculated by dividing dividend payment by of the net profit of the same operation period of such dividend payment. Figures are obtained from separate financial statement. (4) Net profit for the year ended December 31, 2008 including financial performance of Indorama Petrochem and TPT Petrochemicals. which are under common control, as if the Company has invested in Indorama Petrochem and TPT Petrochemicals since 1 January 2009. (5) Net profit for the year ended 2006 including financial performance of Indorama Holding, Ltd. which is under common control, as if the Company has invested in Indorama Holding Ltd. since 1 January 2006. However, the Company invested 94.57 percent in Indorama Holding Ltd. in September 2009. Therefore, if the Company includes financial performance of Indorama Holding Ltd. in the Company consolidated financial statement, the net profit will decrease amounting to Bt 179.01 million Indorama Ventures Public Company Limited and Subsidiaries (Separate Financial Statements) Balance Sheet Nine Months Ended Year Ended 31 December, 30 September, 2006 2007 2008 2009 (Baht (Baht (Baht (Baht thousand) thousand) thousand) thousand) Assets Current Assets Cash and cash equivalents 821 46,307 27,450 1,012 Current investments 51,708 90,189 - - Other current assets - - 5,666 52,695 Total current asset 52,529 136,495 33,116 53,707 Non-current assets Investment in subsidiaries and associates 2,785,172 2,804,967 9,473,822 10,203,751 Long-term loans to related parties - - 924,023 914,779 Property, plant and equipment - - - - Total non-current asset 2,785,172 2,804,967 10,397,845 11,118,530 Total assets 2,837,701 2,941,463 10,430,961 11,172,237 Liabilities and equity Current liabilities Bank overdraft and short-term loans from financial - - 565,543 562,405 institutions Short-term loans from related parties 72,735 - - - Current portion of long-term loans - - 45,870 45,870 Other current liabilities 100 60 10,456 352,243 Total current liabilities 72,835 60 621,868 960,518 Non-current liabilities Long-term loan from financial institution - - 1,195,217 1,138,696 Long-term loan from related parties 2,111,897 2,111,897 460,646 461,298 Total non-current liabilities 2,111,897 2,111,897 1,655,863 1,599,994 Total liabilities 2,184,733 2,111,957 2,277,731 2,560,512 Equity Share capital Authorised share capital 400,000 400,000 3,351,544 5,082,000 Issued and paid-up share capital 400,000 400,000 3,351,544 3,351,544 Reserves - - - - Share premium 167,601 167,601 4,443,214 4,443,214 Retained earnings Appropriated - - - - Legal reserve - - - - Unappropriated 85,367 261,904 358,472 816,967 Total equity 652,968 829,505 8,153,230 8,611,725 Total liabilities and equity 2,837,701 2,941,463 10,430,961 11,172,237 Income Statement Nine Months Year Ended 31 December, Ended 30 2006 2007 2008 September, 2009 (Baht (Baht (Baht (Baht thousand) thousand) thousand) thousand) Revenues: Revenue from sale of goods - - - - Net foreign exchange gain - - - 3,123 Interest income 1,730 1,573 21,621 26,745 Dividend income 85,952 177,782 128,928 472,996 Total revenues 87,682 179,355 150,548 502,864 Expenses: Cost of sale of goods - - - - Selling and administrative expenses 1,915 1,626 6,438 3,338 Net foreign exchange loss - 1,161 26,892 - Management Remuneration - - - - Total expenses 1,915 2,787 33,330 3,338 Profit before interest and income tax expenses 85,766 176,568 117,218 499,526 Interest expense - - 20,619 40,998 Income tax expense - 31 31 33 Net profit 85,766 176,537 96,568 458,495 Earnings per share(1) - basic 2.14 4.41 0.60 0.14 (1) Calculated based on 40,000,000 shares in 2006, 40,000,000 shares in 2007, 160,914,415 shares in 2008, and 3,351,543,910 shares in the nine months ended September 30, 2009. Cash Flow Statements Nine Months Ended Year Ended 31 December, 30 September, 2006 2007 2008 2009 (Baht (Baht (Baht (Baht thousand) thousand) thousand) thousand) Net cash provided by operating activities (1,914) (1,697) (6,124) 310,109 (1,895,378) 121,080 (4,138,979) (253,664) Net cash used in investing activities 1,894,677 (73,896) 4,126,247 (82,883) Net cash (used in) provided by financing activities (2,615) 45,486 (18,857) (26,438) Net increase (decrease) in cash and cash equivalents 821 46,307 27,450 1,012 Cash and cash equivalents at end of period Indorama Ventures Public Company Limited and Subsidiaries (Consolidated Financial Statements) Balance Sheet Year Ended 31 December, Nine Months Ended 30 2006 2007 2008 2008 September, 2009 (Pro Forma) (1) (Baht (Baht (Baht (Baht thousand) (Baht thousand) thousand) thousand) thousand) Assets Current Assets Cash and cash equivalents 90,518 281,654 1,179,241 1,179,241 1,578,171 Current investments 522,043 871,341 257,020 257,020 252,586 Trade account receivable 3,848,807 5,335,939 8,525,056 8,525,056 9,104,275 Short-term loans to related parties - 170,188 212,800 212,800 248,300 Inventories 3,223,964 4,049,598 7,419,235 7,419,235 7,932,952 Other current assets 280,842 324,163 1,242,144 1,242,144 1,178,592 Total current asset 7,966,174 11,032,882 18,835,496 18,835,496 20,294,876 Non-current assets Other long term investments 10,453 10,805 100,118 100,118 43388 Property, plant and equipment 13,394,252 14,206,153 49,641,830 49,641,830 49,583,454 Intangible assets 40,189 38,487 967,825 967,825 911893 Other non-current assets 90,174 72,964 222,806 222,806 318899 Total non-current asset 13,535,068 14,328,408 50,932,579 50,932,579 50,857,634 Total assets 21,501,242 25,361,290 69,768,075 69,768,075 71,152,510 Liabilities and equity Year Ended 31 December, Nine Months Ended 30 2006 2007 2008 2008 (Pro Forma) (1) September, 2009 (Baht (Baht (Baht (Baht thousand) (Baht thousand) thousand) thousand) thousand) Current liabilities Bank overdraft and short-term loans from financial institutions 1,975,734 2,420,119 11,205,149 11,205,149 9,190,055 Trade accounts payable 5,329,729 7,040,655 6,863,101 6,863,101 8,109,222 Short-term loans from related parties 72,735 - - - - Current portion of long-term loans 718,011 1,336,715 3,264,924 3,264,924 4,377,379 Current portion of long-term loans from related parties 345,284 - - - - Current portion of finance lease liabilities 7,533 9,702 73,467 73,467 22,776 Income tax payable 5,654 3,097 28,173 28,173 323,751 Other current liabilities 381,450 398,353 2,344,520 2,344,520 1,391,820 Total current liabilities 8,836,131 11,208,641 23,779,333 23,779,333 23,415,003 . Non-current liabilities Long-term loan from financial institution 2,206,634 5,561,491 27,507,305 27,507,305 25,590,709 Long-term loan from related parties 5,078,421 2,216,300 473,989 473,989 356,571 Finance lease liabilities 13,509 17,917 77,399 77,399 71,394 Other non-current liabilities 14,164 9,325 223,107 223,107 192,409 Total non-current liabilities 7,312,727 7,805,032 28,281,801 28,281,801 26,211,083 Total liabilities 16,148,858 19,013,673 52,061,133 52,061,133 49,626,086 Equity Share capital Authorised share capital 400,000 400,000 3,351,544 3,351,544 5,082,000 Issued and paid-up share capital 400,000 400,000 3,351,544 3,351,544 3,351,544 Reserves - - - - - Share premium 167,601 167,601 4,443,214 4,443,214 4,443,214 Currency translation charges (102,565) (117,563) (109,246) (109,246) (127,556) Revaluation surplus 1,033,197 969,270 986,546 986,546 882,778 Excess of book value of acquired subsidiaries over cost 87,872 89,094 94,517 94,517 94,517 Difference arising from common control transaction (817,033) (788,867) (1,580,670) (1,580,670) (1,549,355) Share value change from cash flow hedges - - - - (85,591) Retained earnings Appropriated - - - - - Legal reserve 107,076 129,682 146,011 146,011 149,438 Unappropriated 1,755,643 2,698,336 5,462,619 5,462,619 8,926,398 Total equity attributable to equity holders of the Company 2,631,791 3,547,553 12,794,534 12,794,534 16,085,387 Minority interest 2,720,593 2,800,064 4,912,408 4,912,408 5,441,037 Total equity 5,352,384 6,347,617 17,706,942 17,706,942 21,526,424 Total liabilities and equity 21,501,242 25,361,290 69,768,075 69,768,075 71,152,510 (1) Pro forma financial information for the year ended December 31, 2008, assuming that the share acquisitions of Indorama Petrochem and TPT Petrochemicals took place on January 1, 2008 Income Statement Year Ended 31 December, Nine Months 2006 (1) Ended 30 2007 2008 2008 September, 2009 (Pro Forma) (2) (Baht (Baht (Baht (Baht thousand) (Baht thousand) (more)