Message from MRTA's Chairperson

Mass Rapid Transit Authority of Thailand006

Message from MRTA’s Chairperson

Since the very first day of taking up the position of Chairman of the MRTA’s Board of Directors, my intention was clear. As mandated by the government policy, I was to drive the execution of the mass transit system’s projects to ensure that they are completed successfully as planned. My other goal was to bring about changes which would lead to sustainable growth for MRTA. Under my guidance, MRTA would achieve its target status as the principle organisation to operate and manage the mass rapid transit projects as well as amassing all knowhow related to Thailand’s mass rapid transit system.

In 2013, there were several challenges that were both complex and multifaceted, in particular, to expedite the execution of the MRT projects so that all contracts concerned can be signed by 2015 in line with the government policy. Consequently, I and the MRTA Board of Directors, as MRTA’s supervisor have thrown our full support behind the management in their efforts to advance works in accordance to the set deadlines and plans. I am therefore delighted to report that substantial progress has been made as planned. In Fiscal Year 2013, MRTA signed two contracts: the construction contract for the Green Line’s (Bearing - Samut Prakarn Section) track works and the Concession Agreement for Purple Line (Bang Yai - Bang Sue Section).

In Fiscal Year 2013, MRTA’s financial results showed significantly high net profits of THB14,909 million, compared to losses of THB955 million in Fiscal Year 2012 and losses of THB11,000 million in Fiscal Year 2011 due to the instigation of MRTA’s foreign exchange risk management. With the Public Debt Management Office’s co-operation and help, certain portions of MRTA’s Japanese Yen loans were repaid early while Cross Currency Swap transactions with financial institutions were completed on MRTA’s behalf. Aside from these, the weakened value of the Japanese Yen led to exceptionally high profits for MRTA as the Japanese Yen loans were marked to the market and realised. Provided that MRTA continues to manage its foreign exchange risk management appropriately and completely, MRTA’s overall performance should become stable and sustainable.

I, as the MRTA’s Chairperson of its Board of Directors, am more determined than ever to continue driving all MRT projects under MRTA’s responsibility to ensure that all lines commence their operations in line with their targeted plans so that the public - in Bangkok and surrounding provinces can enjoy convenient, speedy and safe public transport service. We would like to express our gratitude to all our stakeholders for their support, especially the members of the public who have been affected by the MRT system construction works and land acquisition, MRTA executives and staff at all levels, all our contractors and service providers as well as the government agencies. All have played an important role in helping us to advance our project works and to safeguard the public’s interest and to help further Thailand’s development.

(Miss Rachanee Tripipatkul)MRTA Chairperson

Annual Report 2013 007

Mass Rapid Transit Authority of Thailand008

Message from the Governor

The Mass Rapid Transit Authority of Thailand (MRTA) has been pursuing its vision, “To be the main provider of efficient Mass Transit services that improve people’s quality of life” by creating extensive MRT network that extensively connects and covers Bangkok and nearby provinces. In fiscal year 2013, MRTA’s projects have progressed substantially. The projects under construction are: Purple Line North Project (Bang Yai-Bang Sue Section, 23 km.): the construction started late 2009 and has progressed by 74.72% as of September 2013. MRTA also signed a PPP contract for the procurement of M&E system and operation services. The target service date is middle of 2016. Blue Line Extension Project (Hua Lamphong-Bang Kae and Bang Sue-Tha Pra Sections, 27 km.): the constructions started in 2011 and has progressed by 42.62% as of September 2013. The target service date is middle of 2017. Green Line South Project (Bearing-Samut Prakarn Section, 13 km.): the construction started early 2012 and has progressed by 14.92% as of September 2013. The target service date is middle of 2017. Moreover, MRTA has been mandated by the government to implement 5 new MRT projects:Green Line North Project (Mo Chit-Sapan Mai-Khu khot Section, 18.2 km.): the cabinet approved the construction and tender in October 2013. Construction is targeted to start around the end of 2014 and the service is targeted in 2018. The projects in advanced stage of expecting Cabinet’s approval by third quarter of 2014 are Orange Line East Project (Thailand Cultural Centre-Min Buri Section, 21.2 km.) and Pink Line Project (Khae Rai-Min Buri Section, 34.5 km.). The projects in advanced stage of design and feasibility study by middle of 2014 are Purple Line South Project (Tao Poon-Rat Burana Section, 21 km.), Orange Line West Project (Taling Chan-Thailand Cultural Centre Section, 18 km.) and Yellow Line Project (Lad Prao-Samrong Section, 30.4 km.). It is hoped that these MRT lines that cover Bangkok and the surrounding provinces would help reduce the traffic problem, raise the standard of living and boost the country’s economy substantially. For other endeavors to enhance services to the passengers, increase revenues in order to reduce government’s burden in providing subsidy for public transportation, and to lower the fare price, to increase means to remedy land acquisition, as well as to promote the growth of smart and sustainable city development. MRTA has a policy to cooperate with various sectors to develop and promote the utilization of properties around MRT stations with the objectives of raising the transportation efficiency and the frequency of MRT use by the public. On corporate social responsibility, in 2013, MRTA initiated MRTA Volunteer Spirit activity to help communities along the MRT lines of MRTA to improve schools with learning and teaching materials, to name a few. MRTA also organized the campaign “MRTA Biking to Reduce Energy Consumption and Protect Environment”. In addition, MRTA promote the so called “BMW,” or Bike Metro Walk, as the outside station design concept to enhance commuting to and from MRT stations, with the aim to further improve traffic congestion, save energy and better health benefits. Furthermore, MRTA pay special attention to environment and transparency under the “Clean & Green” concept, which included better remedies for those affected by the projects whether by the constructions, the structures, the expropriation, and the traffic problems, etc. MRTA’s achievements cannot be without the collaboration of MRTA’s staff and its business partners. I would also like to specially thank you the MRTA Board of Directors and the Sub-Committees for their continued supports. Although the mission to build and operate 6 MRT lines, with a total length of more than 200 km., almost 200 stations, and investment budget of more than 600 billion baht, is a big leap forward for MRTA, given its past 20 km. MRT line, but we at MRTA are confident to meet the objectives and targets, in order to provide such highly anticipated and needed MRT network throughout Bangkok and its vicinities in the near future.

(Mr. Yongsit Rojsrikul)Governor of Mass Rapid Transit Authority

of Thailand

Annual Report 2013 009

General Information of the State Enterprise

Background and History of MRTA In Bangkok the traffic problem has intensified as each year passes. In 1971, with the assistance from the German Government to the

Thai Government, a group of experts was sent to Thailand in order to study, survey and set a master plan for traffic and transportation in

Bangkok. Accordingly, a Mass Rapid Transit (MRT) system was recommended. In terms of the solution for the travelling and traffic problems in

Bangkok, the Announcement of the National Executive Council No. 290, dated 27 November 1972, authorized setting up the Expressway

Authority of Thailand to construct “special routes” consisting of express ways and Mass Rapid Transit system which have already been carried

out by the Expressway Authority of Thailand respectively. Later on the government considered the traffic congestion in Bangkok has worsened,

therefore, the operation of MRT should be speeded up to facilitate travelling without private cars. Thus, the Cabinet issued a Resolution on July

28, 1992 to approve establishing a state enterprise under the supervision of the Office of the Prime Minister to be responsible for the conduct

of the MRT projects in Bangkok and its vicinities. Consequently, the Royal Decree Establishing the Metropolitan Rapid Transit Authority B.E.

2535 (1992) or MRTA was announced (published in the Government Gazette, Vol. 109, Part 90, on August 20, 1992) in accordance with the Act

on the Establishment of the Government Organizations B.E. 2496 (1953).

Owing to the Royal Decree Establishing the Metropolitan Rapid Transit Authority B.E. 2535’s lack of comprehensive provisions for the

establishment, management and services of mass transportation by MRT, including the public safety, The MRTA is severely limited legally

thereby affecting its ability to provide efficient services. In the mean time. MRT need has been increasing rapidly. Therefore, the Royal Decree

Establishing the Mass Rapid Transit Authority of Thailand B.E. 2543 (2000) was announced (published in the Government Gazette, Vol. 117, Part

114 A.) on December 1, 2000) establishing the Mass Rapid Transit Authority of Thailand, with abbreviation “MRTA”. For the tasks of

improving the authority and duties of the Metropolitan Rapid Transit Authority to enable the transit business to be operated more systematically

and efficiently. In particular, the authority is to ensure the safety of the operation of the transit business and its passengers. The new state

enterprise is under the supervision of the Office of the Prime Minister. Its main objectives are as follows;

1) Operate the MRT in Bangkok and its vicinities including in other provinces in accordance with the Royal Decree.

2) Study, analyze and formulate projects and plans concerning the MRT to improve and modernize it.

3) Perform business involving MRT and other businesses for the benefits of MRTA and the people using the MRT service.

In 2002 after the functional reform of the governmental agencies, the authority of the Prime Minister in supervision of the MRTA

was transferred to the Ministry of Transport.

Address: 175, Rama IX Road, Huai Khwang, Huai Khwang, Bangkok 10320

Tel. 66 2716 4000

Fax. 66 2716 4019

Website : www.mrta.co.th

e-mail address : [email protected]

010 Mass Rapid Transit Authority of Thailand

Vision “To be a leading organization in providing efficient and complete Mass Rapid Transit service in order to enhance the people’s quality of life”

Responsibilities 1) To provide a network of MRT system.

2) To provide a convenient, fast, safe and punctual MRT system.

3) To provide efficient MRT system that will allow travellers to connect with other modes of transport.

4) To provide fare structure in accordance with the targeted users.

5) To conduct the continuous commercial business that is in line with the lifestyles of the targeted users.

6) To develop itself as a learning organization and a center of disseminating technological knowledge on the country’s MRT.

7) To make itself well-known and a well-accepted brandname.

8) To encourage the stakeholders to understand and be aware of the benefits they will receive from the MRT.

9) To be involved in determining the directions of developing the cities and quality of life.

Missions According the Royal Decree Establishing the Mass Rapid Transit Authority

of Thailand B.E. 2543 (2000) has set its main objectives are as follows :

1) Operate the MRT in Bangkok and its vicinities including in other

provinces in accordance with the Royal Decree.

2) Study, analyze and formulate projects and plans concerning the MRT

to improve and modernize it.

3) Perform business involving MRT and other businesses for the benefits

of MRTA and the people using the MRT service.

Corporate Goals 1) MRTA’s covers more areas of Bangkok and its vicinities.

2) The number of MRT users increases as targeted.

3) Users are satisfied with our services.

4) Our services are varied and in line with the lifestyles and travelling

behaviors of the MRT users.

5) Increase revenue and reduce the government’s subsidy.

6) Become a leading organization in management and dissemination of

knowledge base for the country’s MRT system.

7) MRTA is well-known and recognized throughout the country.

8) MRTA has an efficient internal management system.

9) Our personnel have knowledge and expertise in their responsible work areas.

10) MRTA’s MRT plays an important part in raising the people’s quality of life.

011Annual Report 2013

Main Targets Based on MRTA’s set vision, missions and corporate goals, MRTA’s main targets to be achieved within fiscal year 2016 and beyond as

follows:

1) To open the service of the Purple Line Project : Bang Yai - Bang Sue Section, within year 2016*

2) The number of MRT users (average per day) is to increase to 350,900 people per trip.

3) The common ticket and fare systems are to be utilized with the M.R.T. Chaloem Ratchamongkhon Line Project and the Purple

Line Project (Bang Yai - Bang Sue Section).

4) 95% of the service users are satisfied with the MRT service and other supplementary services.

5) In 2016 MRTA’s revenue from the management of assets, services and other businesses already in operation to rise to 150 million

baht/year. As well as revenue from the concessions rises to 1,078 million baht/year,

6) To systematically manage and follow up debts, cash and exchange rates thereby reducing the financial risks and increase its revenue

within 2013.

7) Development of the organization into a center of disseminating MRT technologies to be achieved as planned.

8) 80% of the people of Bangkok and its vicinities knows and are confident in MRTA’s ways of working.

9) 90% of the service users and people along the MRT lines have a better quality of life.

10) Complete the Executive Information System (EIS) and Decision Support System (DSS) within 2014.

11) 90% of the personnel are content with the internal management.

12) 90% of the personnel’s capacity is raised in accordance with MRTA’s standards.

Note *The targets of MRTA’s MRT projects on which the Board of Directors acknowledged on December 20, 2012.

Policy routes of the state shareholders towards state enterprises (Statement of Directions; SOD) Overall image for every state enterprise : to be the country’s mechanism in effectively driving the economic and social strategy

that is based on the good governance principle.

Towards the transportation field : develop basic structure and transportation system to connect the network, provide expected

standards services, support the mass transit service, and develop a logistics system in order to increase the country’s competitiveness and to

promote the private sector’s participation.

For MRTA : set MRT projects so that the network connects and covers areas within Bangkok and its vicinities, thereby creating revenue

for MRTA and lowering the public sector’s burden.

Factors with major impact on MRTA’s operationCore tasks

MRT construction projects are huge requiring long periods of time to complete. Factors that can affect construction progress are as follows:

First, when there is a change of government, the policy on new MRT projects often changes too, invariably leading to delays from the planned

timeline. Second, some of the government’s policies that promoted private cars to boost the economy with first-car tax-rebate and promoting

usage of NGV and LPG gases. Lastly, certain stages of the constructions need other external agencies, cooperation. For example, seeking approval

from the Bangkok Metropolitan Administration for overlapped projects can be a lenthy and uncontrollable process that may at times receive no

approval, resulting in designs or working methods changes negatively affecting the operation and plans.


41.6%

Operation and Customer Service

The MRT system is recognized to be one of the potential targets for terrorism and protests, Should any of these events occur, people

may feel less confidence for the service.

Human Resources

MRTA was assigned by the government to carry out several MRT projects and lines simultaneously, about 200 km in total up from the

previous project of 20 km - a huge burden. While the cabinet has recently authorised incentive schemes for state enterprises that include MRTA,

it has not lead to a higher level of work efficiency. Currently, MRTA staff salaries are considered to be low compared to other state enterprises

and government officials, causing significant numbers of resignations, causing capable personnel to resign making it impossible to recruit new

personnel to replace them.

Industrial situation and future trend The “Rail Mass Transit Master Plan Adjustment in Bangkok and its Vicinities Study Project”, a study conducted by the Office of

Transport and Traffic Policy and Planning (OTP) on Bangkokians’ travelling behaviour found in 2008, the number of trips made by people in

Bangkok and its vicinities were 15.3 million trips/day consisting of trips made by personal cars at 54.7% and by public transportation at 45.3%.

The MRT only served 3.7% of all modes of travel.

MRT

Taxi

Motorcycle

Car

BMTA and Other

35.1%

4.5%

3.7%

15.0%

Modes of travel categorized by vehicles in 2008

The analysis which used travel models found that if the MRT is not built, the percentage of private car usage will rise continuously, from

54.7% in 2008 to 60.8% in 2029.


When the data related to trips made in Bangkok were compiled and analyzed, it was found that private-vehicle trips, both by cars and

motorcycles had risen continuously with a clear upward trend. Registered cars in Bangkok surged from 987,999 in 1992 to 3,518,862 in 2013,

up on an average of 6.75%/year. In the same period, registered motorcycles in Bangkok climbed from 1,006,302 in 1992 to 3,028,153 in 2013,

up on an average of 6.62%/year.

The number of registered private cars and motorcycles in Bangkok since 1992-2013

The number of BMTA passengers since 1992-2011

1992

Year

Year

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2013

1993

1994

1997

1995

1998

1996

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

4,000,000

3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0

4,500,000

4,000,000

3,500,000

3,000,000

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0

Total

Bus

air - Conditioned bus

1,006,302

987,9991,091,836

1,214,927 1,262,0691,342,813

1,475,9071,548,9112 1,606,178

1,536,512

2,019,6801,606,178

1,593,685

1,719,972

2,078,2472,171,826

2,383,0612,267,166

2,446,2672,585,624

2,792,363

3,028,153

1,105,081414,2 33,503

1,373,0721 ,527,834

1,616,622 1,646,7381,660,119

1,964,850

2,352,762 2,366,981

2,297,872

2,546,821

2,229,2852,261,5425,

25, 339,3082,390,366

2,490,093

3,048,194

3,518,862

In contrast, the trend for public transportation usage is on a continuous decline. The number of trips by the Bangkok Mass Transit

Authority (BMTA) fell from 4,073,883 trips/day in 2008 to 1,022,589 trips/day in 2011 (as of end of April), down on an average of 6.8% / year.

4,073,883

3,820,278

3,360,663

3,022,3952,831,131

2,743,496

253,605

426,440

483,860

548,453

581,856688,142

814,1821,123,242

1,215,083

1,090,0991,123,083

900,460

1,264,011

830,793766,545 747,805

708,240

00000

479,588 490,280

2,664,412

2,366,444

1,805,892

1,480,557

1,596,357 1,401,931

1,164,862

1,106,315

999,846932,947

894,936

566,549

505,639

532,309

3,787,103

3,506,2553,379,584 3,352,554

3,180,6263,325,352

2,570,656

2,065,322

1,766,391

2,928,9752,811,440

2,525,173

2,370,326

1,955,139

1,680,7521,603,177

1,113,423

1,046,1371,022,589

Number of vehicles

Number of passengers(Trip / Day)

Car

Motorcycle


1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

600,000

550,000

500,000

450,000

400,000

350,000

300,000

250,000

200,000

150,000

100,000

0

148,641

217,133

264,360

154,360158,067 163,874

168,461 173,051180,955 190,941

208,814230,989

161,146

324,561

287,140

361,335379,610

372,438363,737

BTS

MRT

395,820

448,085

407,613

511,665

560,583

Year

The number of passengers of the Bangkok Mass Transit System (BTS Skytrain) continued to rise from 148,641 people-trip/day in 1999

to 560,583 people-trip/day in 2013 (as of end of August), up on an average of 10.29%/year.

As for the M.R.T. Chaloem Ratchamongkhon Line, the number of passengers in July 2004, which was the first month of opening the

service, was as high as 217,000 people-trips/day. This was due to the trial period when the fare was only 10 baht per trip. Subsequently, the

number of passengers fell to 165,966 people-trips/day as of end of September 2004. Later on, the number of passengers came to the level of

normal usage: In fiscal year 2005, the number of passengers was 154,360 people-trips/day and rose to 230,989 people-trips/day in fiscal year

2013, an average in crease of 5.21% per annum.

From the above data, it may be concluded that even though the number of private-vehicle travel has risen continuously based on the

increase in the number of registered cars, the number of public-transport travel as a whole has continued to fall, but the number of trips by the

MRT still rose because of its speed and punctuality, the rising oil price and the people’s lifestyle which has become city centric. In this regard

if travelling on the MRT is more convenient by introducing a common ticket between the MRT and other systems, providing an additional

transportation system (feeder system), increase wider coverage by extending longer and adding more MRT lines and providing supplementary

services that are in line with the target groups’ lifestyles, it will continuously promote greater MRT service. The results may lead to fewer trips

by private cars, reduced use of oil, and an effective way to lower pollution from traffic.

However, the forecast of the passenger from one of the cases number from the “Rail Mass Transit Master Plan in Bangkok and its

Vicinities” found that the overall number of MRT passengers in 2014 will be 1,840,000 people-trips/day and will rise to 4,384,000

people-trips/day in 2019 and 7,680,000 people-trips/day in 2029, up on an average of 8.22%/year. The percentage of the passenger number

transferring from one MRT line to another in 2014. is forecast to be about 14.80% and rising to 26.98% and 34.86% of the total number of

passengers in 2019 and 2029. respectively. The Blue Line Project : Bang Sue Tha Pra and Hua Lampong Bang Kae Sections will enjoy the

highest percentage of line transfers (31-40% of the total passenger number) This is consistent with the survey result of the modes of travel

that most passengers want to use to travel into the city center.

The Number of passengers of the Mass Transit System (BTS, MRT) Since 1999 - 2013

Number of passengers(Trip / Day)


21.7%41.1%

4.1%

20.7%12.4%

Should the 2029 master plan be implemented, 57.6% of trips are expected to be by private vehicles, higher than the 42.4%

public transport use. Travel by private car is 41.1%, Motorcycle 12.4% and taxi 4.1%. Meantime, trip via MRT is set to rise from 3.7% in 2008

to 20.7% in 2029, as shown in picture (Source:Office of Transport and Traffic Development; OTD)

Dark Red 110,000 12,000 122,000 357,000 119,000 476,000 518,000 204,000 722,000

Light Red 38,000 12,000 50,000 145,000 83,000 228,000 253,000 218,000 471,000

ARL 119,000 9,000 128,000 144,000 33,000 177,000 161,000 59,000 220,000

Dark Green 600,000 55,000 655,000 721,000 165,000 886,000 1,038,000 410,000 1,448,000

Light Green 376,000 40,000 416,000 246,000 132,000 378,000 272,000 168,000 440,000

Blue 254,000 119,000 373,000 673,000 301,000 974,000 974,000 562,000 1,536,000

Purple 69,000 27,000 96,000 372,000 132,000 504,000 490,000 225,000 715,000

Orange - - - 377,000 165,000 542,000 521,000 291,00 812,000

Pink - - - 156,000 53,000 219,000 233,000 121,000 354,000

Yellow - - - - - - 175,000 139,000 314,000

Grey - - - - - - 206,000 136,000 342,000

Light Blue - - - - - - 162,000 144,000 306,000

Total 1,566,000 274,000 1,840,000 3,201,000 1,183,000 4,384,000 5,003,000 2,677,000 7,680,000

Passenger volume (person-trip / day)

Yr. 2014 (5th yr.)

Boarding Transfer Total Boarding Transfer Total Boarding Transfer Total

Line Yr. 2019 (10th yr.) Yr. 2029 (20th yr.)

Ridership forecast from Master Plan within 2009

Car

MRT

MC

Taxi

Other

Main modes of travel in case of the 2029 Master Plan be implementied


Financial status

Total assets 163,449.78 144,445.51 127,212.60

Total liabilities 103,343.55 107,254.38 98,408.10

Owner’s equity 60,106.23 37,191.31 28,804.50

Operation results

Revenue from operation and others 660.73 586.73 585.50

Expense from operation 622.13 500.07 459.90

Profit (Loss) before depreciation & amortization earnings before

interest, tax, depreciation & amortization (EBITDA) 38.60 86.66 125.60

Less interest expenses 854.25 814.08 864.50

depreciation & amortization 1,916.51 1,917.46 1,905.50

Profit (Loss) from operations (2,732.16) (2,644.88) (2,644.50)

Profit (Loss) from exchange rate-realized 2,817.74 243.60 (161.90)

Profit (Loss) from exchange rate-unrealized 15,012.09 1,751.80 (9,026.00)

Net Profit (Loss) 15,097.66 (649.48) (11,832.40)

2012 (Certified by Office of the Auditor

General; OAG)


General; OAG)


General; OAG)

Unit : million baht

Important financial information and report of financial status analysis

Financial status At the end of the fiscal year 2013, MRTA had total assets of 163,449.78 million baht and total liabilities of 103,343.55 million baht. Most

are long-term liabilities or loans for the MRT construction projects. The owner’s equity was 60,106.23 million baht. The cabinet passed the

resolution for the government to finance these loans, repaying the principal and servicing the interest from the construction projects as well as

consultant fees, and for The Bureau of the Budget to allocate funds to MRTA as obligations are due. Hence the increase in owner’s equity.

MRTA’s 2013 operation results increased net profit because:

l MRTA conducted the Cross Currency Swap agreement that led to a profit of 1,001.27 million baht, where the exchange rate for

the Swap Contract was lower than the exchange rate at end of the quarter.

l MRTA received the government subsidy of 430 million baht, equivalent to 65% of its total revenue, resulting in higher revenue

from last year.

l MRTA’S high profit was due to the unrealized exchange rate gains from the weakening values of yen against thai baht

The exchange rate:

As of September 30, 2013: 1 Yen = 0.324228 baht

As of September 30, 2012: 1 Yes = 0.401574 baht

As of September 30, 2011: 1 Yes = 0.410878 baht

The weak yen against thai baht from 2011, 2012 and 2013 led to profits from unrealized exchange rate gains for MRTA

Summary of important financial information


(million baht)

Net profit (loss)

Financial status

2011

2011 2012 2013

2011

2012

2012

2013

2013

From car-parking fees

From rental rights

From concession fees

Government’s subsidies(for operational expenses)

Total assets

Total liabilities

Owner’s equity

43.58 49.24

54.13

40.10 48.31

59.18

31.50 41.18

98.79

441.07 398.22 430.65

-11,832.38

-670.26

15,138.16

180000

160000

140000

120000

100000

80000

60000

40000

20000

0

700

600

500

400

300

200

100

0

20,000.00

15,000.00

10,000.00

5,000.00

-

-5,000.00

-10,000.00

-15,000.00

127,212.13

144,341.92

98,408.11

107,245.52

37,096.40

60,079.54

116,483.97

176,563.51

28,804.52

Type of Revenue from operation

(million baht)

(million baht)

year

year

year


From the above results, the operation result and financial status of MRTA in 2013 can be summarized as following: 1. Liquidity

Analysis: : - MRTA did not have adequate liquidity to repay its current liabilities as its net current capital was negative. - The ratio points to the following direction; MRTA’s liquidity was up slightly. Its liquidity was too low to repay current liabilities because most current liabilities are long-term and due to be paid off within 1 year. 2. Liabilities Status

Analysis : - Most of MRTA’s debts ware domestic and foreign loans. The government subsidies were used to repay such debts when due. However, there was still the risk of exchange rate fluctuations on January 21, 2013, the Ministry of Finance (MoF) used a domestic loan to prepay the Japan International Cooperation Agency (JICA) loan, contract number TXXI-4 and TXXII-3 (Civil), with 2.7% p.a.interest rate. The MoF entered into a Cross Currency Swap agreement for the JICA loans with 0.75% interest rate (Contract number TXXIII-6) on July 29, 2013 and TXXIII-3 on August 13, 2013. The MoF will continue to monitor otheryen loans to close out foreign exchange risk at an appropriate time. 3. Return on investments

Analysis : - In 2013 the Return on Asset (ROA) and Return on Equity (ROE) were positive due to the weak yen relative to thai baht, resulting in high profit for MRTA - both from realized and unrealized foreign exchange gains. Expenses, depreciation and loan interests within the year were basically covered by the profit. - During 2012 and 2011, thai baht did not strengthen much against yen and could not cover the expenses, depreciation and interests resulting in negative ROE in both years. - The ROA and ROE ratios for all 3 years suggest that MRTA’s ability to generate profit has been low. MRTA’s annual expenses could not be covered by its annual income generated from its operation. There have been profits from the past years, these were due to the gains from the exchange rates.

1. Liquidity

1.1 Working Capital Current Assets - Current Liabilities (5,800.20) (6,215.46) (5,430.85) Million baht 1.2 Current Ratio Current Assets 0.37 0.32 0.34 Times Current Liabilities 1.3 Current Ratio* Current Assets 0.53 0.62 0.70 Times Current Liabilities-Long-term Loan (1 year)Note: excluding long term loans due in 1 yearowing to the governments subsidizingloan repayments.

2. Liabilities Status

2.1 Debt Ratio Total Liabilities 0.63 0.74 0.77 Times Total Assets 2.2 Debt Equity Ratio Total Liabilities 1.72 2.88 3.42 Times Capital3. Return on investments

3.1 Return on Assets (ROA) Earning Before Interest and Tax (EBIT)* 0.1 0.001 (0.09) % Total Assets 3.2 Return on Equity (ROE) Net Profit 0.25 (0.02) (0.41) % Capital

* EBIT in 2013 include Profit from foreign exchange rate = Baht 17,829.8 millon in 2012 include Profit from foreign exchange rate = Baht 1,995.4 millon in 2011 include Profit from foreign exchange rate = Baht 9,187.9 millon

Ratio Analysis

Financial Ratio Formula As of Sept 30, 2013

As of Sept 30, 2012

As of Sept 30, 2011

Unit


Organization Chart

Consultant

Administrative AffairsDivision

Assistant Governor(Strategy and Planning)

Public Relations Division

Special AffairsDivision

Deputy Governor(Strategy and Planning)

Chief FinancialOffice

Assistant Governor(Financial)

Assistant Governor(Architecture)

StrategyDepartment

TechnicalDepartment

InformationTechnologyDepartment

Accountingand Finance Department

Businessand Property ManagementDepartment

Civil Engineeringand Architecture

Department

Land Acquisition Department

Strategy andPlanning Division

Evaluation and Performance Management Division

Risk Management and Internal Control Division

TechnicalDivision

EnvironmentDivision

InformationTechnology Planning and Standard Division

Information System Development Division

Computer Operation and Network Division

Accounting Division

Finance Division

Budgeting and Loan Division

Business Planning and Development Division

Business and Property Management Division

Concession Management Division

Civil Engineering Division

Architecture Division

Land Acquisition Planning Division

Land Acquisition Division 1



Office of the Governor


General Audit Division Account and Finance Audit Division

Deputy Governor(Engineering and Construction)

Safety Occupational Health and Environment Office

Board of Directors

Governor

Audit Office

Deputy Governor(Operations)

Deputy Governor(Administration)

Assistant Governor(Construction)

Assistant Governor(Operations)

Assistant Governor(Administration)

Construction Management Department

Electrical and Mechanical Engineering Department

OperationsDepartment

Securityand Rescue Department

GeneralAdministrationDepartment

Legal Affairs Department

Construction Management Division 1



M&E System Engineering Division

Electrical and Mechanical Engineering Division

M&E SystemSupervisoryDivision

System Operations Division

Maintenance Division

Security Division

Rescue Division

Security, Fire and Rescue Training Institute

Human Resource Division

Human Resource and Work System Development

Supply Division

Office Building and Vehicles Division

Juristic Act Division

ContractDivision

Litigation and Disciplinary Division


The Mass Rapid Authority of Thailand Act B.E.2543 Section 13 stipulates that the structure of MRTA Board of Directors should consist

of the Chairperson, government-appointed independent directors and senior civil servants - selected from specific ministries and government

agencies. These agencies include the Office of Permanent Secretary, the Ministry of Finance, the Ministry of Transport, the Budget Bureau, the

National Economic and Social Development Board, Department of City Planning, the Office of Environmental Policy and Planning, the

Bangkok Metropolitan Administration. One of the appointed independent directors is to be chosen from a non-government office, specifically for

the expert knowledge on consumer protection laws. The MRTA Governor is appointed as one of the MRTA Board of Directors and Secretary

to the MRTA Board.

In 2002, certain amendments in the MRTA Act B.E.2543 were made to be in line with the enactment of the Ministry Transformation

Act, B.E.2545, Section 31, the Royal Decree which required all ministries, departments and offices to change the names of some government

agencies. A representative from “the City Planning Department” is changed to “Department of Public Works and Towns & Country Planning”,

a representative from “the office of the Committee for the Management of Land Transport” to “the Office of Transport and Traffic Policy and

Planning” while” the Office of Environmental Policy and Planning” is changed to “the Office of the National Resources and Environmental

Policy and Planning”. The Decree also facilitated the transfer of authority, from the “Prime Minister” to “the Minister of Transport”.

Those board of directors - appointed by the Cabinet has a 3-year term of appointment. At the end of the first term, the chairperson and

other board of directors can be re-appointed one more term but no more than two consecutive terms. (Where a representative resigns and/or

the position becomes vacant, the new replacing representative will be appointed to takeover the remaining period of previous representative’s

term.)

• Asat1January2014,MRTAboardofdirectorsconsistedof15members,i.e.

- Chairperson and government - appointed independent directors, 5 persons

- Representatives from stipulated government agencies, 9 persons

- Board of director and Secretary to the Board, 1 person

All members of the MRTA Board have in-depth knowledge and solid experience that are beneficial to MRTA and varied background and

professions such as engineering, business management, political science and law in line with the MRTA Act B.E. 2543 and Good Governance

principles.

Structure of MRTA Board of Directors.


Policy of MRTA Board of Directors

The Board of Directors is responsible in setting the policy and supervision of MRTA’S operation. Therefore to ensure

that MRTA’s operation is managed effectively and in accordance with the set objectives per the Government’s Policy, the

Board of Directors has set a policy to be used as a guideline for operation and supervision as follows:

1) To accelerate the project works of MRT lines as assigned so that they are completed and ready for services as planned.

2) To provide the MRT service with convenience, speed, safety and punctuality based on satisfaction of each user group.

3) Allow greater say from the public by using their comments to develop and enhance the organization’s operation.

4) To operate according to the Good Governance principles by showing corporate social responsibility and responsibility towards the

environment as well as giving importance to preventing and reducing impacts that may occur from MRTA’s operation.

5) To manage its assets, carry out business operations with continuity and provide supplementary services, to increase its revenue and

lower the government’s subsidy.

6) To manage its financial matter efficiently, i.e., cash management, liabilities management and risk management.

7) To proactively communicate in various forms so that the public acknowledges and understands the importance of MRT and

MRTA’s operation and supports MRTA.

8) To develop our human resources, our internal management and information technology systems in order to increase the efficiency

of MRTA’s operation, and to ensure that contractors and consultants actually disseminate their knowledge and technology.

9) To develop and improve MRTA’s incentives both monetary and non-monetary to create fairness and improve morale for our staff

members.


MRTA Board of Directors

Miss Rachanee Tripipatkul(18 December 2012 – present)

Age 60 yearsDate of Birth 20 June 1953Educational Background Bachelor’s Degree • Bachelor of Arts, Law, Ramkhamhaeng University

Diploma

• Capital Market Academy’s Certificate for Senior Executives, Class 13 • The National Defence College of Thailand’s Certificate for National Security Management-High Level, Class 1 • The National Defence College of Thailand’s Certificate for Public and Private Sectors Programme, Class 15 • A Fellow Member, Institute of Chartered Accountants in England & Wales • Associated Member, Institue of Chartered Accountants in England & Wales • Accountancy Foundation, Ealing Polytechnic School of Management, London (now known as University of West London, UK) • West Kent College of Further Education, Kent, England

Certificate

• Role of Chairman Program : RPC 29/2012, Thailand Institute of Director • King Prajadhipok’s Institute : Certificate for Corporate Good Governance for State Enterprises’ and Public Organizations’ Senior Executive, Class 9 • Effective Presentation Skills, Dubai, United Arab Emirates • INSEAD, Business School, Fontainebleau, France “Standard Chartered - Senior Executives Management Programme” • The Institue of Director’s Director Certification Program, Class 14 • London Business School’s Certificate of Management Programme, UK • INSEAD, Business School, Certificate of Management Programme • The Thai Institute of Banking and Finance Association’s Finance & Banking Certificate, Class 1 • Ashridge Business School, UK-Certificate for Middle Management Programme • The Thai Taxation System and Tax Planning Certificate : Thailand’s Bar Council

Present Position (As of 30 September 2013)

• Chairperson of the Board of Directors, MRTA

Working Experience • Managing Director and Chief Operating Officer, P.O.C Co.,Ltd. • Managing Director and Chief Operating Officer, P Blue Lagoon Gems Co.,Ltd. • Managing Director and Chief Operating Officer, P Overseas Steel pcl • Managing Director and Chief Operating Officer, P Overseas Steel International Group Co.,Ltd. • Standard Chartered Bank (Thai) pcl - Director & Senior Advisor - Chief Operating Officer : Finance & Planning, Information Technology and Properties Management - Chief Financial Officer - Head of Finance / Senior Mgr. Customer and Credit Services - Senior Manager Financial Planning (Asia Pacific) - Internal Controller / Financial Controller • Bangkok Bank pcl, Head Office - Section Chief : International Branches Auditor • Simmons Cohen Fine & Ptns. Chartered Accountants (London) - Senior Auditor

Shareholdings of more than 10% in State – Owned Enterprise/

in Companies Related to MRTA during Fiscal Year 2013 • None

Connected Transactions with State Enterprised

• None


Mr. Athapol Yaisawang(23 December 2009 – 14 December 2012)

Age 62 years Date of Birth 22 December 1950Educational Background Master’s Degree

• Master of Law, Thammasat UniversityBachelor’s Degree

• Bachelor of Law (2nd Class Merit) Thammasat UniversityDiploma

• Honorary Doctoral Degree in Laws, Ramkamhaeng UniversityCertificate

• Barrister - at - Law, Institue of Legal Education of the Bar • Senior Executive Training Program 1 (No.24) • Executive National Defense Training Program (No.17) National Defense College • Politics and Governance in Democratic Systems for Executives (No.13) King Projadhipok’s Institue


• Deputy Attorney GeneralWorking Experience • Chief Inspector - General for Attorney • Inspector - General for Attorney • Director - General, Department of Attorney Committee • Director - General, Department of Special Case • Deputy Director - General, Department of Attorney Committee • Director - General, Department of Technical • Special Prosecutor, Department of Policy and Planning • Attorney, Loei Province • Assistance State Attorney • Lecturer, Faculty of Laws, Ramkamhaeng UniversityShareholdings of more than 10% in State – Owned Enterprise/

in Companies Related to MRTA during Fiscal Year 2013

• NoneConnected Transactions with State Enterprised

• None


Mr. Pongstorn Kunanusorn (18 December 2012 – present)

Age 62 yearsDate of Birth 12 September 1951Educational Background Master’s Degree

• M.B.A. North Texas State University, Denton, TexasBachelor’s Degree

• B.B.A. Chiangmai UniversityCertificate

• Mini M.B.A. (Joint Program between Finance Association and Thammasat University) • Director Certification Program (104/2008) • Audit Committee Program (ACP 26/2009) • Public Director Certification Program (PDI 2) • Advanced Grid Seminar : Effective Resources ManagementPresent Position (As of 30 September 2013)

• Member of Director Pool for State Enterprise • The Church of Christ in Thailand - Chairman - The Ministering in Treasury and Asset - Chairman - Accounting, Finance, Auditing and Property Operation Committee • Chairman of the Board - The Bangkok Christian Hospital • Board of Director - The Committee of the Foundation of the Church of Christ in Thailand Development Fund Administration • Board of Director - The World Vision Foundation of Thailand • Board of Director - Electricity Generating Public Co.,Ltd.

Working Experience • Board of Director - Amanah Leasing Public Company Limited • Chairman of the Board - CAT Wireless Network Company Limited • Board of Director - CAT Mobile Company Limited • Board of Director - CAT Contact Center Company Limited • Board of Director - Dhanarak Asset Development Company Limited • Senior Executive Vice President - Islamic Bank of Thailand • Senior Executive Vice President - Secondary Mortgage Corporation • Supervision Executive - Financial Sector Restructuring Authority (FRA) • Managing Director - CMIC Finance and Securities Company LimitedShareholdings of more than 10% in State – Owned Enterprise/



• None



Mr. Vinai Dumrongmongcolgul(9 January 2013 – present)

Age 61 yearsDate of Birth 11 March 1952Educational Background Master’s Degree

• M.P.A. National Institute of Development AdministrationBachelor’s Degree

• LL.B. from Thammasat UniversityDiploma

• LL.M. (Honory Degree) from Ramkhamhaeng UniversityCertificate

• Barrister-at-law from the Institute of Legal Education, Thai Bar Association • Political and Electoral Development Program for Top Executives Class of 2, Office of the Election Commission of Thailand • Top Executive Program in Commerce and Trade Class of 3 (TEPCot 3), University of the Thai Chamber of Commerce • Top Executive Program Class of 8, Capital Market Academy • Advanced Certificate Course in Politics and Governance in Democratic Systems for Executives Class of 10, King Prajadhipok’s Institute • Justice Administration Program for Executives Class of 7


• Director General of Department of Special LitigationDirector/Senior Executive in Other Organizations

in the Fiscal Year 2013

• Knowledgeable Committee in Anti - Money Laundering Commission • Knowledgeable Committee in Bangkok Dock Company (1957) Limited • Legal Sub - Committee of the Securities and Exchange CommissionWorking Experience • Office of the Attorney General - Director General of Department of Intellectual Property and International Trade Litigation - Director General of Department of Bankruptcy Litigation - Executive Director of Department of Economic Crime Litigation - Nakornratchasima Provincial Chief Public Prosecutor • Bangkok Metropolitan Administration • Paralegal at Legal and Litigation DivisionShareholdings of more than 10% in State – Owned Enterprise/



• None


Mr. Chusak Gaywee(6 August 2013 – present)Age 55 yearsDate of Birth 8 August 1958

Educational Background Master’s Degree • M.Eng. (Structural Engineering and Construction) Asian Institute of Technology

Bachelor’s Degree

• B.Eng. (Civil Engineering) Chiang Mai University

Diploma

• National Defence College (NDC 2550)

Certificate

• Certificate of Transportation Planning University of Westminster, LondonและUniversityofBirmingham


• Deputy Permanent Secretary, Ministry of Transport

Director/Senior Executive in Other Organizations


• Board of Director, State Railway of Thailand

Working Experience • Department of Highways - Deputy Director-General - Director of Planning Bureau - Director of Plan Implementation Group - Civil Engineering (Senior Professional Level) - Civil Engineering (Operation Level)



• None


• None

Mr. Sunthorn Subtantikul (18 December 2012 – present)

Age 63 yearsDate of Birth 6 October 1949Educational Background Master’s Degree

• Master of Law (Public Laws) , Ramkhamhaeng UniversityBachelor’s Degree

• Bachelor of Law, Ramkhamhaeng UniversityCertificate

• Barristser - at - Law, Institute of Legal Education of the Bar • Certificate in Law Class 1, The Thai BarPresent Position (As of 30 September 2013) • Vice Chairman for Mediation Committee, the Thai Bar Council under the Royal Patronage • Director of the Election Committee (to elect the members and president of the Thai Bar Council) Working Experience

• Head of Ariyasub Law Office • Special Lecturer, Kasetsart University • Special Lecturer, Sripratum UniversityShareholdings of more than 10% in State – Owned Enterprise/



• None



Mr. Rapeephan Sariwat(11 January 2010 – 28 February 2013)

อายุ 59 yearsDate of Birth 25 October 1953Educational Background Bachelor’s Degree

• Bachelor of Public Administration (Honors), Thammasat University • Bachelor of Law, Sukhothai Thammathirat UniversityCertificate

• National Defense CollegePresent Position (As of 30 September 2013) • Inspector - General, Prime Minister’s OfficeWorking Experience

• Office of the Permanent Secretary of the Prime Minister’s Office - Director - Director, Personnel Division • Assistant Inspector - General, Prime Minister’s OfficeShareholdings of more than 10% in State – Owned Enterprise/



• None

Mrs. Pranee Sariwat(1 March 2013 – present)อายุ 59 years Date of Birth 26 February 1954Educational Background Master’s Degree • Master of Political Science, Thammasat UniversityBachelor’s Degree • Bachelor of Science (Business Administration), Kasetsart UniversityDiploma • National Defence College, Class 50Certificate • Public Economy for Senior Executives Program (Class 5), King Prajadhipok’s Institute • Senior Executives Training Program (Class 39), The Office of the Civil Service Commission (OCSC) Present Position (As of 30 September 2013) • Chief of The Inspector GeneralDirector/Senior Executive in Other Organizations in the Fiscal Year 2013 • Acting Director of The Land Bank Administration Institute (Public Organization)Working Experience • The Inspector General • Director of The Planning and Special Affairs Bureau • Director of The General Affairs Division Shareholdings of more than 10% in State – Owned Enterprise/ in Companies Related to MRTA during Fiscal Year 2013 • NoneConnected Transactions with State Enterprised • None




• Deputy Secretary General, NESDBDirector/Senior Executive in Other Organizations


• Board Member of Electricity Generating Authority of Thailand • Board Member of Neighboring Countries Economic Development Cooperation Agency (Public Organization) • Board Member of Halal Science Center, Chulalongkorn University • Board Member of Nation Creative Economy Agency • Board Member of National Center for Genetic Engineering and BiotechnologyWorking Experience

• National Economic and Social Development Board (NESDB) - Senior Advisor in Policy and Plan - Executive Director of Macroeconomic Office - Director of Overall Planning Division - Policy and Plan Analyst 7, Chief of Technical Planning Section, Economic Analysis and Projection Division - Policy and Plan Analyst 6, Economic Analysis and Projection Division - Policy and Plan Analyst 5, Economic Analysis and Projection Division - Policy and Plan Analyst 4, Overall Planning DivisionShareholdings of more than 10% in State – Owned Enterprise/



• None

Mr. Porametee Vimolsiri(14 November 2006 – present)

Age 53 years Date of Birth 8 March 1960Educational Background

Doctor’s Degree

• Ph.D. in Economics, Carleton University, Ottawa, CanadaMaster’s Degree

• Master in International Affairs, Columbia University, New York, USABachelor’s Degree

• Bachelor in Economics, Chulalongkorn UniversityDiploma

• National Defence CollegeCertificate

• Audit Committee Program (ACP) Class 42 • Director Certification Program (DCP) Class 86 • ASEAN Executive Management Program Class 1 • Top Executive Program in Commerce and Trade Class 5, University of the Thai Chamber of Commerce • Chief Information Officer : CIO • Executive Creative Economy Training Program • Executive Team Building Workshop, AIM Management Co., Ltd • Trade Policy Issues at Asian Development Bank Institute in Cooperation with World Trade Organization • ASEAN Financial Policy and Macroeconomic Management at Japan International Cooperation Agency


Mr. Pongpanu Svetarundra(31 October 2008 – present)


• M.A. (Economics), Northwestern University, USABachelor’s Degree

• B.Com. (Econ), University of Auckland, New ZealandDiploma

• National Defence College 2548Certificate

• Capital Market Academy class 1 • National Justice Academy 15 • Top Executive Program in Commerce and Trade, Commerce Academy • Directors Certification Program, Institute of Directors • Advanced Management Program, Harvard Business School • Public Director Certification Program (PDI-Public Director Institute) Class 6 • Financial Institutions Governance Program, Thai Institute of Directors


• Deputy Permanent Secretary Director/Senior Executive in Other Organizations


• Director, TMB Bank Public Company Limited • Director, PEA ENCOM International Company LimitedWorking Experience • Director General, Excise Department • Director General, Comptroller General’s Department • Director General, Public Debt Management Office, Ministry of Finance • Deputy Director General, Fiscal Policy Office • Director, International Economic Policy Division, Fiscal Policy OfficeShareholdings of more than 10% in State – Owned Enterprise/



• None



Mr. Pongchai Kasemthavisak(30 July 2012 – present)

Age 58 yearsDate of Birth 22 August 1955

Educational Background Master’s Degree • M.P.A. , National Institute of Development AdministrationBachelor’s Degree • LL.B (Second Class Honors), Ramkhamhaeng UniversityDiploma • National Defence College, The National Defence CourseCertificate • Advanced Certificate Course in Public Administration and Law for Executives, King Prajadhipok’s Institute • Barrister - at - Law, Institute of Legal Education of the BarPresent Position (As of 30 September 2013) • Inspector, Ministry of TransportDirector/Senior Executive in Other Organizations in the Fiscal Year 2013 • Board of Director, Civil Aviation Training CenterWorking Experience • Deputy Director General, Department of Land Transport • Director of Provincial Land Transport Office of Ubonratchathani • Director of Vehicle Registration and Tax Standard Bureau • Director of Vehicle Registration Section • Provincial Land Transport Officer at Samutprakarn • Director of Vehicle Registration and Tax Group Shareholdings of more than 10% in State – Owned Enterprise/ in Companies Related to MRTA during Fiscal Year 2013 • NoneConnected Transactions with State Enterprised • None

Mr. Voravidh Champeeratana(28 October 2011 – 30 September 2013)Age 60 yearsDate of Birth 28 May 1953Educational Background (Present to the Past) Doctorate Degree • Honorary Doctorate in Public Administration (Fiscal Management), Udon thani Rajabhat UniversityMaster’s Degree • MPA in Public Administration, The University of Manila, PhilippinesBachelor’s Degree • BBA in Management, The University of Manila, PhilippinesCertificate • Director Certification Program (DCP) class 114/2009, Thai Institute of Directors Association (IOD) • Senior Executive Management Program, Class 48/2549, Office of the Civil Service Commission, ThailandPresent Position (As of 30 September 2013) • Budget Director, Bureau of the Budget, Thailand • Board Committee, National Institute of Development Administration, Thailand • Board Committee, Court of Justice, ThailandDirector/ Senior Executive in Other Organizations in the Fiscal Year 2013 • Chairman of the Board of Directors, Krungthai BankWorking Experience (Present to the Past) • The Bureau of the Budget - Deputy Director - Advisor - Director of the National Security Budget Preparation Office 1 - Director of the Economic Sector Budget Preparation Office 2 - Expert in Budgeting Strategy for integrated Provincial Management - Budget AnalystShareholdings of more than 10% in State – Owned Enterprise/ in Companies Related to MRTA during Fiscal Year 2013 • NoneConnected Transactions with State Enterprised • None


• Advisor for Environment and Natural Disaster Sub-Committee, the Senate Standing Committee on Natural Resources and Environment • Member, Committee on Academic Inspection on Environment Management and Biodiversity Development Project, Office of the National Research Council of Thailand • Member, Committee and Sub - Committee on Environment Management, Pollution Control and Environment Management Standard within and Outside the KingdomWorking Experience

• Director - General of the Pollution Control Department • Inspector General of Ministry of Natural Resources and Environment • Deputy Director - General of the Pollution Control Department • Director of the Air and Noise Quality Management Bureau, Ministry of Natural Resources and Environment • Director of the Environment Quality Control and Laboratory Department, Pollution Control Department, Ministry of Natural Resources and Environment • Director of Environment Division and Assistant to Chief Executive Officer, Mekong River Commission, International Organization, Vientiane, The Lao People’s Democratic Republic • Director of the Water Management Bureau (Administration) and Director of the Center for Environmental Modeling and Risk Assessment, Pollution Control Department • Environment Officer, Environment Quality Standard Division, Office of the National Environment BoardShareholdings of more than 10% in State – Owned Enterprise/



• None

Mr. Wijarn Simachaya(16 May 2012 – 31 October 2012)

Age 54 yearsDate of Birth 10 December 1958Educational Background

Doctor’s Degree

• Ph.D. (Environmental Engineering) University of Guelph, CanadaMaster’s Degree

• Master of Science in Environmental Science, Kasetsart UniversityBachelor’s Degree

• Bachelor of Science, Chiang Mai University • Bachelor of Laws, Ramkhamhaeng UniversityDiploma

• Sanitary Engineering, Chulalongkorn UniversityCertificate

• Certificate in Sewage Work Engineering, Japan International Cooperation Agency, JapanPresent Position (As of 30 September 2013)

• Secretary - General of the Office of the Natural Resources and Environmental Policy and PlanningDirector/Senior Executive in Other Organizations


• Member, Executive Committee of the Thailand Greenhouse Gas Management Organization • Member, Committee for Consideration of Environmental Impact Assessment Report • Member, Pollution Control Committee



Mr. Santi Boonprakub(1 November 2012 – 30 September 2013)


• Master of Public and Private Management Program, NIDABachelor’s Degree

• Bachelor of Science (Statistics), Ramkhamhaeng UniversityCertificate

• Advanced Certificate for High Executives : Government Executives (High Executives 2) (Class of 3), Office o the Civil Service Commission • Advanced Certificate for High Executives : Visionary and Moral Leadership, Office o the Civil Service Commission • Advanced Certificate in Public Economics Management, King Prajadhipok’s Institute • Certificate in Economic for Natural Resources and Environmental Management, Oregon State University, USA • Certificate in the Project Planning and Management, The National Institute of Public Administration, MalaysiaPresent Position (As of 30 September 2013)

• Secretary-General of the Office of Natural Resources and Environmental Policy and Planning



• Member of The Board of Directors of Thailand Greenhouse Gas Management Organization • Petroleum Committee • Member of The National Metrology BoardWorking Experience • Inspector-General of the Ministry of Natural Resources and Environment • Deputy Secretary-General of The Office of Natural Resources and Environment Policy and Planning • Deputy Director-General of the Department of Mineral Resources • Director of the Office of National Environmental Board • Director of Environmental Impact Bureau • Director of the Office of Environmental Fund • Director of Natural Resources and Environment Management Coordination DivisionShareholdings of more than 10% in State – Owned Enterprise/



• None


Mr. Chula Sukmanop(19 July 2012 – present)

Age 48 yearsDate of Birth 10 January 1965Educational Background Doctor’s Degree

• Ph.D (Maritime Law of Admiralty), University of Southampton, UKMaster’s Degree

• LL.M University of Southampton, UKBachelor’s Degree

• LL.B Chulalongkorn UniversityPresent Position (As of 30 September 2013)

• Director - General, Office of Transport and Traffic Policy and PlanningDirector/Senior Executive in Other Organizations


• Board of Director, Port Authority of Thailand • Board of Director, State Railway of ThailandWorking Experience

• Inspector - General, Ministry of Transport • Deputy Director - General, Office of Transport and Traffic Policy and Planning • Senior Expert in Policy and Planning, Office of the Permanent Secretary, Ministry of TransportShareholdings of more than 10% in State – Owned Enterprise/



• None

Mr. Monton Sudprasert(9 October 2012 – present)

Age 53 yearsDate of Birth 11 July 1960Educational Background

Master’s Degree

• M.Eng. (Sanitary Engineering), Chulalongkorn University • M.P.A., Chulalongkorn UniversityBachelor’s Degree

• B.Eng. (Civil Engineering), King Mongkut’s University of Technology ThonburiPresent Position (As of 30 September 2013)

• Director - General, Department of Public Works and Town & Country PlanningDirector/Senior Executive in Other Organizations


• Board Member, Provincial Waterworks AuthorityWorking Experience

• Deputy Director of Administrative Center for The Southern Border Provinces Administrative Center • Department of Public Works and Town & Country Planning - Deputy Director - General - Director of Town & Country Development Bureau - Inspector - Secretary Shareholdings of more than 10% in State – Owned Enterprise/



• None


Mr. Yongsit RojsrikulAge 49 years Date of Birth 5 February 1964Educational Background

Master’s Degree

• MBA, California State University, USABachelor’s Degree

• B.Eng. (Electrical Engineering), Chulalongkorn UniversityPresent Position (As of 30 September 2013) • Governor of Mass Rapid Transit Authority of ThailandWorking Experience

• Thaicom Public Company Limited - Executive Vice President of Marketing & Sales China - Assistant Vice President - Director : Marketing & Sales - Manager : Marketing & SalesShareholdings of more than 10% in State – Owned Enterprise/



• None

Mr. Thana Vichaisarn(19 December 2012 – 30 September 2013)

Age 60 yearsDate of Birth 7 April 1953 Educational Background

Bachelor’s Degree

• B.Eng. (Civil Engineer)Certificate

• Senior Executive Bangkok Metropolitan Management Program Class 2 • The Urban Development and Administration Training Course for the Executive Administrators Class 1Present Position (As of 30 September 2013) • Director - General of Traffic and Transportation DepartmentWorking Experience • Traffic and Transportation Department - Deputy Director - General - Director of Traffic Engineer Office - Director of Policy and Planning DivisionShareholdings of more than 10% in State – Owned Enterprise/



• None



Mr. Pramote Inswarng(Advisor to thr MRTA BOD : 13 January 2013 - 20 August 2013)

(Advisor to Chairperson of the MRTA BOD : 21 August 2013

- Present)

Age 64 yearsDate of Birth 20 October 1948 Educational Background

Bachelor’s Degree

• B.Eng. ( Civil Engineering), Kasetsart UniversityCertificate

• Directors Certification Program, Thai Institute of Directors : IOD • Certification on EGAT Executive Program, Leadership Development and Change Management at GE Contonville, New York, Atlanta, Georgia, Greenville, South Carolina, USA • Advanced Certificate in Public Economics Management Class 2, King Prajadhipok’s Institute • Psychological Operation Course Calss 87, Institute of Psychology, National Defence Studies institute • Certificate for Best Practice and Review “Strategic Human Resourses Managements” from GE Power System, Global Training and Development, Schenectady, New York, USA • Certification on Mini MBA, Faculty of Commercial and Accountancy, Chulalongkorn UniversityAward

• Outstanding Engineer Award - Administration in 2009 by EGAT Engineer Club



• Advisor - Thailand Business Council for Sustainable Development : TBCSD Working Experience

• Electricity Generating Authority of Thailand (EGAT) - Deputy Governor - Administration - Assistant Governor - Administration, Development Area - Assistant Governor, Administration and Financial, Development Group - Assistant Governor, Special Affair - Director of Civil Maintenance Division - Superintendent Project, Mae Moh Water Supply Project - Project Manager, Upper Huai King Dam Project - Superintendent Project, Mae Ngat Power Project - Project Manager, Huai Kum Dam ProjectShareholdings of more than 10% in State – Owned Enterprise/



• None

Advisor to the MRTA Board of Directors


Mr. Prapon Vongvichien(Advisor to thr MRTA BOD : 13 January 2012 - 20 August 2013)


- Present)

Age 66 yearsDate of Birth 17 July 1947Educational Background Doctor’s Degree

• Ph.D. (Traffic and Transportation Engineering) Ohio State UniversityMaster’s Degree

• M.Eng. (Transportation Systems Engineering) Asian Institute of TechnologyBachelor’s Degree

• B.Eng. (Civil Engineering) Chulalongkorn UniversityPresent Position (As of 30 September 2013)

• Member of the Committee for Building Control under Bangkok Metropolitan Administration • Member of the Civil Engineering Dictionary Preparation Committee, the Royal Institute of ThailandDirector/Senior Executive in Other Organizations


• Member of the Committee for Building Control under Bangkok Metropolitan Administration • Member of the Civil Engineering Dictionary Preparation Committee, the Royal Institute of Thailand

Working Experience

• Bangkok Metropolitan Administration - Deputy Permanent Secretary - Chief of Inspector General - Director General, Department of Traffic and Transportation - Inspector General - Deputy Director General, Department of Traffic and Transportation - Director, Design Division, Department of Public Works - Director, Infrastructure and Environment Planning, Office of Policy and Planning - Director, Policy and Integrated Planning Division, Office of Policy and Planning - Chief of Traffic Engineering Sub - Division, Office of the Committee for the Management of Road Traffic, Office of Policy and Planning Ministry of InteriorShareholdings of more than 10% in State – Owned Enterprise/



• None



Mr. Anant Sirisaengtaksin(Advisor to the MRTA BOD : 13 January 2012 - 20 August 2013)


- Present)

Age 61 yearsDate of Birth 10 February 1951Educational Background

Master’s Degree

• Business Administration, Eastern New Mexico UniversityBachelor’s Degree

• Accounting, Chulalongkorn UniversityCertificate

• International Tax Program, Harvard UniversityDirector/Senior Executive in Other Organizations


• Director, Bangkok Asset Management Co., Ltd. • Director, The Market Organization under the Ministry of InteriorWorking Experience

• Area Revenue Officer, Area Revenue Office 14 • Director, Thai Asset Management Corporation • Regional Revenue Officer, Regional Revenue Office • Director, Secondary Mortgage CorporationShareholdings of more than 10% in State – Owned Enterprise/



• None

Miss Souvanit Luangaroonrung(20 December 2012 – present)

Age 59 years Date of Birth 18 February 1954Educational Background

Bachelor’s Degree

• Bachelor of Law, Ramkhamhaeng University

Professional Qualification

• Certified Public Accountant - Fellow Member of the Association of Chartered Certified Accountants


• Director, Info Accounting Services Limited



• Director, Info Accounting Services Limited (Professional Consultants in Finance, Accounts, Taxation, Corporate and Legal Service)

Working Experience

• Member of the Sub-committee of the CPA Examination Committee of the Federation of Accounting Professions • Director, BDO Group of Companies in Thailand • Member of the Accounting Standard Committee of the Federation of Accounting Professions • Finance Director, Allied Domecq Spirits and Wine (Thailand) Limited • Finance Manager, ICI Paints (Thailand) Co.,Ltd. • Accountant, The Shell Company of Thailand Ltd. • Audit Manager, Ernst and Young (Formerly Ernst & Whinney) Thailand • Auditor, Audit/Accounting Firms in London, UK


in Companies Related to MRTA during Fiscal Year 2013 • None


• None

Advisor to the MRTA Board of Directors Advisor to the MRTA Board of Directors


Mr. Norrawit Larlaeng (19 April 2012 – present)

Age 47 yearsDate of Birth 12 November 1966Educational Background

Master’s Degree

• Master of Law, Ramkhamhaeng UniversityBachelor’s Degree

• Bachelor of Law, Ramkhamhaeng UniversityCertificate

• Barrister - at - Law, Institute of Legal Education of the Bar • Diploma in Tax Law, Class 1, Office of Legal Education of Thai Bar Association • Certificate in International Trade Law, Thai Law Society • Specialist Diploma in Local Government Laws, Thai Law SocietyPresent Position (As of 30 September 2013)

• Lawyer and Head of the Office of Arpawich Lawyer & Accounting • Managing Director, Arpawit Law Co., Ltd.Director/Senior Executive in Other Organizations


• Deputy Chairman of Lawyers for the Nonthaburi Province • Sub Committee Member - Business Development, MRTA • Sub Committee Member - Land Acquisition Planning & Monitoring, MRTA

• Sub Committee Member - Legal Affairs & Regulations, MRTA • The Cat Telecom Public Co., Ltd. - Committee - Executive Director - Risk Management & Internal Control Director - Human Resource Management Director - Committee on Legal and Contracts - Performance Appraisal Committee Member for the Managing Director • The Government Housing Bank - Director - Audit CommitteeWorking Experience

• Lawyer • Senate Sub Committee for Public Relations to Participate and Gather Public Opinion for the drafting of the Constitution for Nonthaburi Province in 2007 • Sub - Commissioner and Assistant Secretary to the Senate Administration Committee • Advisor to the Senate Sub-committee on the Budget Committee • Director of Lawyers for the Nonthaburi ProvinceShareholdings of more than 10% in State – Owned Enterprise/



• None



Detail on meeting attendance of the Board of Directors and sub-committees and their compensation

No. Board of Directors Position

Number of times of attendance/Number of times of organizing the meeting

Mrta

Boar

d of D

irec

tors

(Mee

ting

13 times

)

Audit Co

mmitt

ee(M

eetin

g 5

times

)

Lega

l Af

fairs

and

Regu

latio

ns

Sub-

comm

ittee

(Mee

ting

8 tim

es)

Busine

ss D

evelop

ment

Su

b-co

mmitt

ee(M

eetin

g 9

times

)

Sub-

comm

ittee

for

Pre

para

tion

of

Mem

oran

dum

ofAg

reem

ent for MRT

A Pe

rfor

manc

eAp

praisa

l (M

eetin

g 1 tim

es)

1 Miss Rachanee Tripiputkul Chairperson 13/13 150,000

2 Mr. Athapol Yaisawang Member 3/13 3/8 1/4 67,500

3 Mr. Vinai Dumrongmongcolgul Member 9/13 5/8 1/4 3/4 182,500

4 Mr. Pongstorn Kunanusorn Member 11/13 9/9 3/3 5/6 2/4 240,000

5 Mr. Sunthorn Subtantikul Member 11/13 5/8 3/3 2/3 3/4 192,000

6 Mr. Chusak Gaywee Member 3/13 20,000

7 Mr. Rapeephan Sariwat Member 4/13 1/5 3/8 1/3 2/4 100,000

8 Mrs. Pranee Sariwat Member 8/13 4/5 0/4 130,000

9 Mr. Pongpanu Svetarundra Member 11/13 7/9 3/3 3/6 6/6 234,500

10 Mr. Pongchai Kasemthavisak Member 12/13 1/8 2/8 4/4 4/4 210,000

11 Mr. Voravidh Champeeratana Member 13/13 5/5 3/3 6/6 320,000

12 Mr. Chula Sukmanop Member 10/13 0/1 0/4 2/4 0/6 125,000

13 Mr. Porametee Vimolsiri Member 7/13 3/9 1/1 102,500

14 Mr. Monton Sudprasert Member 8/13 0/1 7/8 4/4 0/6 182,500

15 Mr. Wijarn Simachaya Member 1/13 1/3 22,500

16 Mr. Santi Boonprakub Member 9/13 2/3 2/3 135,000

17 Mr. Thana Vichaisarn Member 7/13 4/5 2/3 170,000

18 Mr. Yongsit Rojsrikul Member 13/13 6/6 174,000

Note 1. The rate of the meeting allowance as determined by the Cabinet on May 18, 2004 which approved the improvement of the meeting allowance proposed by the Ministry of Finance is: Chairman: 12,500 baht (no more than 1 time/month = no more than 12,500 baht), sub-committees members (of MRTA): 10,000 baht (no more than 1 time/month = no more than 10,000 baht), and sub-committees members (external persons): 1,000 baht (The number of sub-committee meeting of attendance and number of meeting/month are not limited). With holding tax is deducted at 10%. 2. The The Cabinet, in its meeting on July 2, 2013, had a resolution approving an improvement of renumeration and meeting allowance of state-enterprise committees as follows: Chairman of sub-committees: 12,500 baht (no more than 2 Sub-committees meetings of attendance, no more than 1 time/month per sub-committee meeting of attendance = no more than 25,000 baht), Sub-committee members (of MRTA): 10,000 baht (no more than 2 sub-committee meetings of attendance, no more than 1 time/month per sub-committee meeting of attendance = no more than 20,000 baht), and sub-committee members (external persons): 3,000 baht (The number of sub-committee meetings of attendance and number of meeting/month are not limited). With holding tax is deducted at 10%, effective from August 2013.


Number of times of attendance/Number of times of organizing the meeting

Meeting allowance

for members of all Board of Directors

andsub-committees

(Baht)

Risk

Man

agem

ent Su

b-co

mmitt

ee(M

eetin

g 3

times

)

Good

Gov

erna

nce

Sub-

comm

ittee

(Mee

ting

3 tim

es)

Enviro

nmen

t Su

b-co

mmitt

ee(M

eetin

g 3

times

)

Cons

truc

tion

Man

agem

ent

Sub-

comm

ittee

(Mee

ting

8 tim

es)

Fina

nce, B

udge

ting

and

Inve

stme

nt

Sub-

comm

ittee

(Mee

ting

6 tim

es)

Inform

ation

Tech

nology

and

Comm

unications

Sub

-com

mittee

(Mee

ting

4 tim

es)

Land

Acq

uisitio

n Pl

anning

and

Mon

itoring

Sub

-com

mittee

(Mee

ting

4 tim

es)

Sub-

comm

ittee

for

Per

form

ance

Appr

aisa

l of M

RTA

Gove

rnor

und

er

the

Enga

geme

nt A

gree

ment

(Mee

ting

4 tim

es)

Orga

niza

tion

and

Huma

n Re

sour

ces

Deve

lopm

ent Su

b-co

mmitt

ee(M

eetin

g 6

times

)

1 Miss Rachanee Tripiputkul Chairperson 13/13 150,000

2 Mr. Athapol Yaisawang Member 3/13 3/8 1/4 67,500

3 Mr. Vinai Dumrongmongcolgul Member 9/13 5/8 1/4 3/4 182,500

4 Mr. Pongstorn Kunanusorn Member 11/13 9/9 3/3 5/6 2/4 240,000

5 Mr. Sunthorn Subtantikul Member 11/13 5/8 3/3 2/3 3/4 192,000

6 Mr. Chusak Gaywee Member 3/13 20,000

7 Mr. Rapeephan Sariwat Member 4/13 1/5 3/8 1/3 2/4 100,000

8 Mrs. Pranee Sariwat Member 8/13 4/5 0/4 130,000

9 Mr. Pongpanu Svetarundra Member 11/13 7/9 3/3 3/6 6/6 234,500

10 Mr. Pongchai Kasemthavisak Member 12/13 1/8 2/8 4/4 4/4 210,000

11 Mr. Voravidh Champeeratana Member 13/13 5/5 3/3 6/6 320,000

12 Mr. Chula Sukmanop Member 10/13 0/1 0/4 2/4 0/6 125,000

13 Mr. Porametee Vimolsiri Member 7/13 3/9 1/1 102,500

14 Mr. Monton Sudprasert Member 8/13 0/1 7/8 4/4 0/6 182,500

15 Mr. Wijarn Simachaya Member 1/13 1/3 22,500

16 Mr. Santi Boonprakub Member 9/13 2/3 2/3 135,000

17 Mr. Thana Vichaisarn Member 7/13 4/5 2/3 170,000

18 Mr. Yongsit Rojsrikul Member 13/13 6/6 174,000


Committees and Sub-Committees of MRTA

Audit CommitteeMembers

1. Mr. Voravidh Champeeratana Committee Chairman

2. Mr. Rapeephan Sariwat Member

Ms. Pranee Sariwat*

3. Mr. Thana Vichaisarn Member

4. Director of Audit office Secretary

5. Director of Accounting and Finance Audit Division Assistant Secretary

Audit Office, MRTA

*Replaced Mr. Rapeephan in April 2013

Authority and duties

1. Create a charter on internal audit of the Audit Committee to be in accordance with the scopes of MRTA’s operation. This must be

approved by MRTA Board of Directors and the appropriateness of the charter must be verified at least once a year.

2. Verify the efficiency and effectiveness of internal control process, good governance process and risk management process.

3. Verify that MRTA has an accurate and reliable financial reports.

4. Verify that MRTA’s operation is in compliance with the laws, rules, operational regulations, the Cabinet’s resolutions, announcements

and orders regarding MRTA’s operation.

5. Verify that MRTA has a good internal auditing system and investigate the independence of the Office of Internal Audit.

6. Investigate lists of items that may be interrelated or lists of items that may have conflicts of interest or may cause frauds that could

affect MRTA’s operation.

7. Propose to MRTA Board of Directors in considering appointing, removing, proposing higher grades, promotions and evaluating

the appraisals of the Director of the Audit Office.

8. Coordinate with the auditor on the results of investigations, making suggestions to verify or investigate lists of items seen

as necessary, including proposing renumeration of the auditor to MRTA Board of Directors.

9. Report the operation results of the internal audit of the Audit Committee to MRTA Board of Directors at least once per quarter

within 60 days from the end of the quarter, except the operation results in the fourth quarter which must be reported in the form

of the annual operation results report then submit them to the Ministry of Transport and Ministry of Finance to acknowledge these

within 90 days from the end of audit year of MRTA.

10. Evaluate the operation results of MRTA’s internal audit conducted by MRTA Audit Committee at least once a year, and report the

evaluation results, issues and obstacles including the improvement plan for the operation, to MRTA Board of Directors.

11. Disclose the annual operation results report of the Audit Committee, and the renumeration of the auditor, in MRTA’s annual report.

12. Perform other duties as required by the law or as assigned by MRTA Board of Directors.

Legal Affairs and Regulations Sub-CommitteeMembers

1. Mr. Athapol Yaisawang Sub-Committee Chairman

(Remained in position since February 21, 2012 until January 2, 2013)

2. Mr. Vinai Dumrongmongcolgul Sub-Committee Chairman

(Remained in position since January 3, 2013 until now)


3. Mr. Pongchai Kasemthavisak Member

(Remained in position since January 3, 2013 to present)

4. Mr.Sunthorn Subtantikul Member



(Remained in position since February 21, 2012 until March 1, 2013)

6. Miss Kanyanuch Sorthip Member


7. Mr. Sarawut Benchakul Member

(Remained in position since February 21, 2012 to present)

8. Mr. Poramate Intarachumnum Member


9. Mr. Phongpichet Chantarapornkit Member


10. Mr. Kijja Kaewpankan Member


11. Mr. Korplarp Apaipakdi Member


12. Mr. Norrawit Larlaeng Member

(Remained in position since April 20, 2012 to present)

13. Mr. Pakkapol Petchking Member


14. Mr. Sirichai Sutheeweerakachorn Member

(Remained in position since June 26, 2012 until January 2, 2013)

15. MRTA Deputy Governor (Administration) Secretary


16. Director of Legal Affairs Department Assistant Secretary

17. Director of Legal Affairs Division, Assistant Secretary

Legal Affairs Department


1. Provide advice and suggestions and scrutinize draft legislations, draft regulations, draft rules and draft contracts, review and give

judgment on legal and contractual issues deemed important to MRTA.

2. Consider any other issues as assigned by the MRTA Board of Directors or as requested by MRTA.

Business Development Sub-CommitteeMembers

1. Mr. Pongstorn Kunanusorn Sub-Committee Chairman

2. Mr. Pongpanu Svetarundra Member

3. Mr. Porametee Vimolsiri Member

4. Mr. Norawit Larlaeng Member


5. Miss Dachanee Euarchukiat Member

6. Mr. Somchai Assawaseranee Member

7. Mr. Pornnarit Chuanchaisit Member

8. Mr. Ekkachai Sumalee Member

9. Chief Financial Officer Member

10. MRTA Deputy Governor or Assistant Member

Governor as assigned by the Governor

11. Director of Business and Property Secretary

Management Department

12. Director of Planning and Business Assistant Secretary

Development Division


1. Scrutinize the issues relating to business development, property development and business operation as assigned by the MRTA Board

of Directors or as requested by MRTA.

2. Provide advice and suggestions and set up measures or solutions to problems on business development, property development or

business operation to ensure that the works are carried out in compliance with the policies of the MRTA Board of Directors and the

Government.

3. Perform other duties as assigned by the MRTA Board of Directors.

Sub-Committee for Preparation of Memorandum of Agreement for MRTA Performance AppraisalMembers

1. Mr. Porametee Vimolsiri Sub - Committee Chairman

2. Mr. Chula Sukmanop Member

3. Mr. Monton Sudprasert Member

4. Mr. Pramote Inswarng Member

5. Director of Strategy Department Secretary

6. Director of Strategy and Planning Division Assistant Secretary


1. Prepare a memorandum of agreement for MRTA performance appraisal in accordance with the evaluation system of state enterprise

operating results.

2. The Chairman of the Sub-Committee or the members of the Sub-Committee assigned by the Chairman shall have the authority to

negotiate the memorandum of agreement on MRTA performance appraisal with the State Enterprise Performance Appraisal

Committee to propose to the Chairman of the MRTA Board of Directors and the MRTA Governor for consideration and to sign it on

behalf of MRTA, and then propose it to MRTA Board of Directors to acknowledge.



Risk Management Sub-CommitteeMembers

1. Mr. Voravidh Champeeratana Sub-Committee Chairman

2. Mr. Pongstorn Kunanusorn Member

3. Asst. Prof. Prasert Arkraprathompongse Member

4. Miss Niphapen Semornsut Member

5. MRTA Deputy Governor (Strategy and Planning) Member


7. Director of Risk Management and Internal Control Division Assistant Secretary


1. Scrutinize risk management matters as assigned by the MRTA Board of Directors or as requested by MRTA.

2. Provide advice and suggestions and set measures or approaches to solve risk management problems to ensure that the works are

carried out in accordance with the policies of the MRTA Board of Directors and the Government.


Good Governance Sub-CommitteeMembers

1. Mr. Pongpanu Svetarundra Sub-Committee Chairman


(Remained in position until March 1, 2013)

3. Mr. Santi Boonprakub Member

4. Mr. Sunthorn Subtantikul Member

5. Mr. Tanakrit Permpoonkantisook Member



8. Director of Risk Management and Internal Control Division Assistant Secretary


1. Set policy and direction of operation on good corporate governance and corporate social responsibility.

2. Supervise the operation of the organization to be in compliance with the specified policy and direction.

3. Promote continuous compliance with the specified policy and direction.

4. Report to the MRTA Board of Directors aspects of the operations on good corporate governance and corporate social responsibility

from time to time as appropriate.

5. Appoint a working committee to support the work of the Sub-Committee.


Environment Sub-CommitteeMembers

1. Mr. Santi Boonprakub Sub-Committee Chairman


3. Mr. Thana Vichaisarn Member


4. Asst. Prof. Dr. Kanoksak Eamopas Member

5. Asst. Prof. Dr. Suthin Yoosuk Member

6. Director General of Pollution Control Department Member


8. Director of Technical Department Secretary

9. Director of Environment Division Assistant Secretary


1. Provide suggestions on compliance with the preventive and corrective measures on environmental impacts caused by the MRT

operation

2. Provide advice and coordinate environmental management and solutions of environmental problems during construction and operation

as well as complaints from the communities caused by MRTA

3. Consider and give suggestions on operational steps and procedures which may have impact on the environment.

4. Appoint a working committee to perform works relating to the environment as necessary.

5. Report the operating result to the MRTA Board of Directors for their acknowledgement or approval for further actions.


Construction Management Sub-CommitteeMembers

1. Mr. Monton Sudprasert Sub-Committee Chairman

2. Mr. Yeamchai Chatkaew Member


4. Mr. Pathom Chaleoywaret Member

5. Mr. Prapon Vongvichien Member


7. MRTA Deputy Governor Member

(Engineering and Construction)

8. Director of Construction Management Department Secretary

9. Director of Construction Management Division 1 Assistant Secretary




1. Scrutinize projects construction management as assigned by the MRTA Board of Directors or requested by MRTA.

2. Offer advice and suggestions, and specify measures or methods to solve problems arisen from project construction management

to ensure that works are carried out in compliance with the policies of the MRTA Board of Directors and the Government.

3. Perform other duties as assigned by the MRTA Board of Directors or MRTA.


Finance, Budgeting and Investment Sub-CommitteeMembers

1. Mr. Voravidh Champeeratana Sub - Committee Chairman

2. Mr. Pongstorn Kunanusorn Member

3. Mr. Pongpanu Svetarundra Member

4. Mr. Anant Sirisaengtaksin Member

5. Mrs. Chaweewan Sukantharat Member

6. Mrs. Kanwee Seubsuk Member

7. MRTA Chief Financial Officer (CFO) Member

8. Director of Accounting and Finance Department Secretary

9. Director of Financial Division Assistant Secretary

10. Director of Budgeting and Loan Division Assistant Secretary


1. Scrutinize financial, budgeting and investment matters as assigned by the MRTA Board of Directors or as requested by the MRTA

Governor.

2. Provide advice and suggestions, and determine measures or approaches to problems solving associated with finance, budgeting and

investment in order to ensure that works are carried out in accordance with the policies of the MRTA Board of Directors and the

Government.

3. Consider any other issues as assigned by the MRTA Board of Directors or as requested by the MRTA Governor.

Information Technology and Communications Sub-CommitteeMembers

1. Mr. Monton Sudprasert Sub-Committee Chairman


3. Mr. Anant Sirisaengtaksin Member

4. Mr. Setthawit Kerdpol Member

5. Mrs. Irada Luangwilai Member


7. Director of Information Technology Department Secretary


1. Set policies and strategy on information technology and communications for MRTA.

2. Control and oversee information technology and communications related works to ensure compliance with the policies and

strategy under 1.

3. Provide advice, suggestions and solutions to problems relating to information technology and communications works of MRTA.

4. Perform other duties as assigned by the MRTA Board of Directors.


Land Acquisition Planning and Monitoring Sub-CommitteeMembers

1. Mr. Pongchai Kasemthavisak Sub-Committee Chairman

2. Mr. Vinai Dumrongmongcolgul Member


4. Mr. Norrawit Larlaeng Member

5. Miss Dachanee Euarchukiat Member

6. Mr. Phakapol Pechking Member

7. Mr. Chaiwuit Rujjanawet Member

8. Mr. Chamnan Chadit Member

9. MRTA Deputy Governor (Operation) Member

10. MRTA Deputy Governor Member

(Engineering and Construction)

11. Director of Land Acquisition Department Secretary

12. Director of Land Acquisition Planning Division Assistant Secretary


1. Supervise, set work plans, accelerate, monitor and coordinate land acquisition for MRT projects of MRTA to be in accordance with

the plans.

2. Provide advice and suggestions and set measures to solve problems and obstacles concerning land acquisition to ensure that MRTA

can carry out land acquisition for construction of MRT projects.

3. Report its operation result to the MRTA Board of Directors at every board meeting.


Sub-Committee for Performance Appraisal of MRTA Governor under the Hiring ContractMembers

1. Mr. Athapol Yaisawang Sub-Committee Chairman


2. Mr. Pongstorn Kunanusorn Sub-Committee Chairman

(Remained in position since January 3, 2013 until March 20, 2013)

3. Mr. Chula Sukmanop Sub-Committee Chairman

(Remained in position since March 21, 2013 until now)

4. Mr. Vinai Dumrongmongcolgul Member



(Remained in position until February 13, 2013)

7. Ms. Pranee Sariwat Member

(Remained in position since September 27, 2013 until now)



9. Director of Strategy and Planning Division Assistant Secretary

10. Director of Performance Appraisal and Management Division Assistant Secretary


1. Set the rules and procedures for performance appraisal of the MRTA Governor under the rules and conditions specified in the hiring

contract.

2. Appraise the performance of the MRTA Governor under the rules and procedures under 1.

3. Report the result of the performance appraisal of the MRTA Governor under the hiring contract to the MRTA Board of Directors for

consideration.


Organization and Human Resources Development Sub-CommitteeMembers

1. Mr. Pongpanu Svetarundra Sub-Committee Chairman


3. Mr. Monton Sudprasert Member

4. Mr. Prapon Vongvichien Member


6. MRTA Governor Member


8. Director of General Administration Department Secretary

9. Director of Human Resources Division Assistant Secretary

10. Director of Human Resources and Work System Division Assistant Secretary


1. Provide advice and suggestions on operations related to the administration, improvement and development of the organization and

its human resources.

2. Supervise the operations regarding the organization and human resources development to ensure compliance with the policy of the

MRTA Board of Directors.

3. Appoint a working committee to assist with the operation of the Organization and Human Resources Development Sub-Committee;

4. Perform other duties as assigned by the MRTA Board of Directors


Management Team of MRTA (As of 30 September 2013)

Mr. Yongsit RojsrikulGovernor

Mr. Ronnachit YaemsaardDeputy Governor (Operations)

Mrs. Kritaya SumitanantDeputy Governor (Administration)

Mr. Chaisit GururatanaDeputy Governor(Strategy and Planning)

Mr. Peerayudh SingpatanakulDeputy Governor (Engineering and Construction)

Mr. Dhanasarn SuravudhikulChief Financial Officer


Mr. Prapon ChanakitjanukitAssistant Governor

Mr. Rithika SuparatAssistant Governor

Mr. Sujjapong SnunsiengAssistant Governor

Mr. Theeraphan TachasirinuguneAssistant Governor

Mr. Suchin SasiprapakulAssistant Governor

Mr. Weerapong PuttanapunAssistant Governor


Miss Kanta ChiwapakdeeSenior Administrative Officer 11

Mrs. Natamon BunnakDirector of Office of the Governor

Mrs. Montira LaksanasirisakDirector of Administrative Affairs Division

Miss Jirata WattanapraditDirector of Public Relations Division

Mr. Chavalit SirisakvatanaDirector of SpecialAffairs Division



Mr. Amnuay AkkadechanuntDirector of General Audit Division

Mrs. Pornthip CharoenrungratDirector of Audit Office

Mr. Yongyouth BoonsirivibulDirector of Account and Finance Audit Division

Miss Budsakorn YusookDirector of Strategy Department

Mr.Sitthiporn SongcharoenDirector of Risk Management and Internal Control Division


Mr. Somprasong SuttayamullyDirector of Technical Division

Mr. Sarot T.SuwanDirector of Technical Department

Mr. Chansak SirisithDirector of Civil Engineering and Architecture Department

Mr. Tanom RattanasateDirector of Environment Division

Mr. Kittikorn TanpaoDirector of Civil Engineering Division

Mr. Thavit PungtonDirector of Architecture Division



Mrs. Pouangyok BoonthanomDirector of Accounting and Finance Department

Miss Jarunee RattanangkoonDirector of Accounting Division

Miss Chutsuda AnontaphanDirector of Budgeting and Loan Division

Miss Jiranan VorachakSenior General Administrative Officer 11, Acting Chief of Financial Management Section

Mrs. Nuansri RukmaneeDirector of Finance Division


Mr. Theeraphon AdisornDirector of Electrical and Mechanical Engineering Division

Mr. Wanat SucharitdhammadhornDirector of M&E System Engineering Division

Mr. Jerasak ChinrungruangDirector of Electrical and Mechanical Engineering Department

Mr. Vijit SantipatanakijDirector of M&E System Supervisory Division



Mr. Pakapong SirikantaramasDirector of Construction Management Department

Mr. Vithaya PunmongkolDirector of Construction Management Division 2

Mr. Surachet LaophulsukDirector of Construction Management Division 1

Mr. Pattanaphong PhongsupatsamitDirector of Construction Management Division 3


Mr. Panthep SrisavaiDirector of Land Acquisition Department

Mr. Suchint SomboonsilpDirector of Land Acquisition Division 1

Mr. Taweesak SundosDirector of Land Acquisition Planning Division

Mr. Supanutt PutrchootinuntnSenior Administrative Officer 11, Acting Chief of Surveying and Property Appraisal Secting 1

Mr. Adulvet ChitprasertDirector of Land Acquisition Division 2

Mr. Jaytiya JantawongDirector of Land Acquisition Division 3



Mr. Tongchai MungkarakSenior Administrative Officer 11, Acting Chief of Surveying and Property Appraisal Secting 2

Mr. Bordin Boorana-apirakkulDirector of Operations Department

Mr. Prasit KleangkerdDirector of System Operations Division

Mr. Tanin NiramarnsakulDirector of Maintenance Division

Mrs. Jittima BumrungmaungSenior Administrative Officer 11, Acting Chief of Evaluation and Report Section

Mr. Chaiyot NanakhonSenior Administrative Officer 11, Acting Chief of Land Rights Investigation Section 1


Pol.Lt.Col. Anusilp SirivejchapanDirector of Security and Rescue Department

Mrs. Nuansmorn KhamasundaraSenior Administrative Officer 11

Mrs. Kanchana ChantarachoteSenior Administrative Officer 11

Mr. Raveewat RatanasenDirector of Security Division

Pol.Capt. Sirawat KaewdusitSenior Administrative Officer 11, Acting Director of Security, Fire and Rescue Training Institute

Pol.Col. Chokchai YimpongDirector of Rescue Division



Miss Auratai LaprattanakulDirector of Business and Property Management Department

Mrs. Thimaporn WangchuaiSenior Administrative Officer 10, Acting Director of Business Planning and Development Division

Mr. Tanarutana OunchaiyaDirector of Business and Property Management Division

Mr. Tanwa ArtaramasDirector of Concession Management Division


Mr. Suthad SikaresDirector of Human Resource Division

Mr. Ratchaphol SuksodSenior Administrative Officer 11

Mrs. Yuppadee ChaiyapakdeeDirector of General Administration Department

Miss Sirithida ThammakulDirector of Human Resource and Work System Development Division

Mrs. Taveporn RoongruxadisaiDirector of Supply Division

Miss Daranee SontanaDirector of Office Building and Vehicles Division



Mr. Manop JaideeSenior Legal Officer 10, Acting Director of Juristic Act Division

Mr. Pongsak WedchasitDirector of Legal Affairs Department

Mr. Sinart CoompanthuDirector of Contract Division

Mr. Vichai SaksirinukulDirector of Litigation and Disciplinary Division


Mr. Somkid LeelittamDirector of Information Technology Department

Mrs. Chusilp NaraphinontaSenior Administrative Officer 11 Acting Director of Safety Occupational Health and Environment Office

Mr. Arnand WhangkulamDirector of Computer Operation and Network Division

Mr. Surapong RattanaphuwaluxDirector of Information System Development Division

Mr. Burin ThanasomboonSenior Administrative Officer 11



Name - Surname Position

Management Team of MRTA (As of 1 December 2013)

Mr.Yongsit Rojsrikul Governor

Mr. Ronnachit Yaemsaard Deputy Governor (Operations)

Mr. Chaisit Gururatana Deputy Governor (Strategy and Planning)

Mrs. Kritaya Sumitanant Deputy Governor (Administration)

Mr. Peerayudh Singpatanakul Deputy Governor (Engineering and Construction)

Mr. Dhanasarn Suravudhikul Chief Financial Officer

Mr. Prapon Chanakitjanukit Assistant Governor

Mr. Theeraphan Tachasirinugune Assistant Governor

Mr. Sujjapong Snunsieng Assistant Governor

Mr. Rithika Suparat Assistant Governor

Mr. Suchin Sasiprapakul Assistant Governor

Mr. Weerapong Puttanapun Assistant Governor

Mr. Boonanun Sathayanuruk Senior Architecture 12

Mrs. Kamoltip Duang-som Senior Administrative Officer 11


Governor

Office of the Governor

Mrs. Natamon Bunnak Director of Office of the Governor

Miss Kanta Chiwapakdee Senior Administrative Officer 11

Mrs. Montira Laksanasirisak Director of Administrative Affairs Division

Mrs. Jantana Trakarn Senior Chief of Correspondence and Documents Control Section

Miss. Rujinon Promma Chief of Correspondence and Secretary Section

Miss Jirata Wattanapradit Director of Public Relations Division

Mrs. Kanokkarn Kesaraksha Senior Chief of Public Communication and Information Section

Mr. Vipach Dilokvilas Senior Chief of Public Complaint Section

Mr. Chavalit Sirisakvatana Director of Special Affairs Division

Mrs. Thitaree Sriawut Chief of Organization Affairs Section

Mr. Teerachai Thuanim Senior Chief of Social Affairs Section



Audit Office

Mrs. Pornthip Charoenrungrat Director of Audit Office

Mr. Amnuay Akkadechanunt Director of General Audit Division

Mr. Chakkrit Thonapaknam Chief of General Audit Section 1

Miss Sumittra Soonsiri Senior Chief of General Audit Section 2

Mrs. Pornpan Sornmanee Senior Administrative Officer 10, Acting Director of Account and Finance Audit Division

Miss Issaree Prakobsinnukul Chief of Revenue and Budget Management Audit Section

Miss Budsakorn Yusook Director of Strategy Department

Mrs. Kunchulee Na Ranong Chief of Policy and Planning Section, Acting Director of Strategy and Planning Division

Mr. Tanat Yuennan General Administrative Officer 7, Acting Chief of Strategy Management Section

Mrs. Chattaya Chareanpanich Chief of Evaluation Section, Acting Director of Evaluation and Performance

Management Division

Miss Panisara Kongkraphun Chief of Performance Management and Information Section

Mr. Thanawat Antachai General Administrative Officer 7, Acting Chief of Risk Management Section

Miss Preewana Uthai General Administrative Officer 7, Acting Chief of Internal Control Section

Strategy Department Name - Surname Position

Mr. Sarot T.Suwan Director of Technical Department

Mr. Somprasong Suttayamully Director of Technical Division

Miss Unchalee Janpanichsub Chief of Project Analysis Section

Mr. Gardphajon Udomdhammabhakdi Senior Chief of Project Planning Section

Mr. Waranon Dilokkhunanan Chief of Research and M.R.T. Knowledge Management Section

Mr. Tanom Rattanasate Director of Environment Division

Mrs. Piyanad Jansaksri Chief of Environment Impact Assessment Section

Miss Pornpimol Poompuang Chief of Environment Impact Monitoring Section

Technical Department




Accounting and Finance Department

Mrs. Pouangyok Boonthanom Director of Accounting and Finance Department

Miss Jarunee Rattanangkoon Director of Accounting Division

Miss Nalinporn Chairajata Senior Chief of Accounting Section

Miss Wasathorn Klaikeow Senior Chief of Pre - payment Checking Section 1

Mrs. Dolaporn Ditthagaysorn Finance Officer 7, Acting Chief of Pre - payment Checking Section 2

Mrs. Nuansri Rukmanee Director of Finance Division

Miss Jiranan Vorachak Senior General Administrative Officer 11, Acting Chief of Financial Management Section

Miss Kittika Tantakasem Senior Chief of Tax Section

Miss Chutsuda Anontaphan Director of Budgeting and Loan Division

Miss Nuanpan Sugeethorn Senior Chief of Budgeting Section

Mrs. Ketkanok Coompanthu Senior Chief of Loan Section

Mr. Chansak Sirisith Director of Civil Engineering and Architecture Department

Miss Siriporn Usathit Senior Chief of Data and Documentation Section 1

Mr. Kittikorn Tanpao Civil Engineering Division

Mr. Kitti Akewanlop Senior Chief of Civil and Structural Engineering Section

Mr. Wacharapon Khongsawad Chief of Station and Railway Structural Engineering Section

Mr. Thavit Pungton Director of Architecture Division

Mr. Saravut Eksuwan Chief of Architecture Section

Mr. Soralak Sotthiyothin Chief of Interior Architecture Section



Mr. Jerasak Chinrungruang Director of Electrical and Mechanical Engineering Department

Miss Jintana Phongsrithong Senior Chief of Data and Documentation Section 2

Mr. Wanat Sucharitdhammadhorn Director of M&E System Engineering Division

Mrs. Raveewan Phongsupatsamit Senior Chief of M&E System Engineering Section

Miss Patcharatwadee Sasisuwan Chief of Train Control System Section



Civil Engineering and Architecture Department



Mr. Theeraphon Adisorn Director of Electrical and Mechanical Engineering Division

Mr. Thanakrit Phonghong Chief of Electrical Engineering Section

Mr. Yuthasak Chuenjai Chief of Mechanical Engineering Section

Mr. Vijit Santipatanakij Director of M&E System Supervisory Division

Mr. Ekachai Boonmaleetrakul Chief of M&E Project Management Section

Mr. Sutthipong Apairatana Chief of M&E System Supervisory Section




Mr. Pakapong Sirikantaramas Director of Construction Management Department

Miss Preeyanuch Tantanasarn Senior Administrative Officer 11

Mr. Surachet Laophulsuk Director of Construction Management Division 1

Mr. Thiti Meepew Engineer 7, Acting Chief of Construction Management Section 1-1

Mr. Patiwet Hayrayoung Engineer 7, Acting Chief of Construction Management Section 1-2

Miss Kanogporn Worawutputipong Chief of Construction Planning and Data Section 1

Mr. Vithaya Punmongkol Director of Construction Management Division 2

Mr. Baramin Chareanpanich Chief of Construction Management Section 2-1

Mr. Nut Nakthoranin Chief of Construction management Section 2-2

Mrs. Uthumphorn Samutnak Senior Chief of Construction Planning and Data Section 2

Mr. Pattanaphong Phongsupatsamit Director of Construction Management Division 3

Mr. Kunakorn Panlure Engineer 7, Acting Chief of Construction Management Section 3-1

Mr .Khwan Sukhkong Engineer 7, Acting Chief of Construction Management Section 3-2

Miss Duangrat Ngoachintarak Senior Chief of Construction Planning and Data Section 3

Mr. Panthep Srisavai Director of Land Acquisition Department

Mr. Pongtep Musikasinthorn Senior Administrative Officer 11

Mr. Taweesak Sundos Director of Land Acquisition Planning Division

Miss Jirasorn Piya-aromrat Senior Chief of Land Acquisition Planning and Data Section


Construction Management Department




Mrs. Jittima Bumrungmaung Senior Administrative Officer 11, Acting Chief of Evaluation and Report Section

Mr. Suchint Somboonsilp Director of Land Acquisition Division 1

Mr. Surasak Mungchomklang Senior Chief of Land Acquisition Section 1

Mr. Supanutt Putrchootinuntn Senior Administrative Officer 11, Acting Chief of Surveying and Property Appraisal Secting 1

Mr. Adulvet Chitprasert Director of Land Acquisition Division 2

Mr. Noppadol Teangtae Senior Chief of Land Rights Investigation Section 2

Mr. Chartchai Sumranpis Senior Chief of Land Acquisition Section 2

Mr. Tongchai Mungkarak Senior Administrative Officer 11, Acting Chief of Surveying and Property Appraisal Secting 2

Mr. Chaiyot Nanakhon Senior Administrative Officer 11, Acting Director of Land Acquisition Division 3

Mr. Nuttapong Songpracha Senior Chief of Land Rights Investigation Section 3

Mr. Chittirat Wisuttisen Senior Chief of Land Acquisition Section 3

Mr. Buntoon Songjaroen Senior Chief of Surveying and Property Appraisal Section 3

Operations Department Name - Surname Position

Mr. Bordin Boorana-apirakkul Director of Operations Department

Miss Sasilak Luksitanond Senior Administrative Officer 11

Mr. Prasit Kleangkerd Director of System Operations Division

Mr. Nuttapat Ounhakongka Chief of M.R.T. System Operations Supervisory Section 1

Mr. Piyapong Panaray Chief of M.R.T. System Operations Supervisory Section 2

Mr. Kajorn Vorasilpachai Senior Chief of M.R.T. System Operations Standard and Technique Section

Mr. Tanin Niramarnsakul Director of Maintenance Division

Mr. Kwankaew Rujiratmanee Chief of M.R.T. System Maintenance Section

Mr. Satid Jianwittayakit Senior Chief of Building and Permanent Way Maintenance Section

Mr. Supapat Pipatanagul Senior Chief of Maintenance Standard and Technique Section




Security and Rescue Department

Business and Property Management Department

Pol.Lt.Col. Anusilp Sirivejchapan Director of Security and Rescue Department

Mrs. Nuansmorn Khamasundara Senior Administrative Officer 11

Mrs. Kanchana Chantarachote Senior Administrative Officer 11

Mr. Raveewat Ratanasen Director of Security Division

Mr. Kitti Setthasing Chief of Security Section 1

Mr. Siriyos Sudaj Na Ayudhaya Chief of Security Section 2

Mr. Manaschai Sri-Umporn Security Officer 8, Acting Chief of Security Section 3

Mr. Konejanart Yanprasart Senior Chief of Security Section 4

Pol.Capt. Kitti Honchaiya Senior Chief of Right of Way Maintenance Section

Pol.Sgt.Maj. Witan Sricomme Chief of Rescue Section 1

Pol.Sgt.Maj. Nikun Promsiri Senior Chief of Rescue Section 2

Pol.Capt. Sanoath Choomchuen Senior Chief of Rescue Section 3

Act.Sub.Lt. Suppachai Sintuset Senior Chief Rescue Planning and Data Section

Pol.Capt.Sirawat Kaewdusit Senior Administrative Officer 11, Acting Director of Security, Fire and Rescue Training Institute

Pol.Capt.Jaroenchai Sarapol Senior Chief of Security Technique Section

Pol.Sgt.Maj. Chaiya Pilawan Chief of Fire Fighting and Rescue Technique Section

Mrs. Russarin Chanwiwatwet Chief of Training Administration Section



Miss Auratai Laprattanakul Director of Business and Property Management Department

Mrs. Thimaporn Wangchuai Senior Administrative Officer 10, Acting Director of Business Planning and

Development Division

Mrs. Auraiwan Tachasirinugune Senior Chief of Business Planning Section

Miss Siriporn Kingtong Chief of Business Development Section

Mr. Tanarutana Ounchaiya Director of Business and Property Management Division

Miss Niramon Boontongkong Chief of Business Development Section

Mrs. Patchanee Asavahame Chief of Property Management Section

Mr. Tanwa Artaramas Director of Concession Management Division

Mr. Naprut Rojanapaitoon Senior Chief of Concession Management Section 1

Miss Nuntiyanee Tiaranun General Administrative Officer 8, Acting Chief of Concession Management Section 2


General Administration Department Name - Surname Position

Mr. Prapon Chanakitjanukit Assistant Governor, Acting Director of General Administration Department

Mr. Ratchaphol Suksod Senior Administrative Officer 11

Mr. Suthad Sikares Director of Human Resource Division

Mrs.Naruedee Thaiprayoon Chief of Human Resource Management Section

Mrs. Kantima Manonth Senior Chief of Welfare and Labour Relations Section

Miss Sirithida Thammakul Director of Human Resource and Work System Development Division

Miss Supanee Sornsue Senior Chief of Human Resource Development Section

Miss Jinnaree Meesakul Chief of Work System Development Section

- Director of Supply Division

Miss Kavissara Yasiri Senior Chief of Procurement Section

Miss Pichitra Soontornpipit Senior Chief of Supply Section

Miss Daranee Sontana Director of Office Building and Vehicles Division

Mr. Pongsakorn Dokbua General Administrative Officer 7, Acting Chief of Office Building Section

Mr. Krit Sawangrith Senior Chief of Vehicles Section

Legal Affairs Department Name - Surname Position

Mr. Pongsak Wedchasit Director of Legal Affairs Department

Mr. Manop Jaidee Senior Legal Officer 10, Acting Director of Juristic Act Division

Mr. Mana Vivatpong Chief of Juristic Act Section 1

Mr. Suthimarn Koonphol Legal Officer 8, Acting Chief of Juristic Act Section 2

Mr. Sinart Coompanthu Director of Contract Division

Mr. Phakphum Khanjanasatit Chief of Contract Section 1

Miss Cheerawan Sarasalin Legal Officer 7, Acting Chief of Contract Section 2

Mr. Jittichai Sorsrisuwan Chief of Contract Section 3

Mr. Vichai Saksirinukul Director of Litigation and Disciplinary Division

Mr. Pisit Noppakunpong Chief of Litigation Section

Mr. Pakkapol Thanarugh Legal Officer 7, Acting Chief of Disciplinary Section


Mrs. Chusilp Naraphinonta Senior Administrative Officer 11 Acting Director of Safety Occupational Health

and Environment Office

Mr. Burin Thanasomboon Senior Administrative Officer 11


Safety Occupational Health and Environment Office Name - Surname Position

Information Technology Department Name - Surname Position

Mr. Somkid Leelittam Director of Information Technology Department

Mr. Sitthiporn Songcharoen Director of Information Technology Planning and Standard Division

Miss Sattharat Kangwol General Administrative Officer 7, Acting Chief of Information Planning

and Evaluation Section

Miss Wandee Olarphol Programmer 7, Acting Chief of Information Standard and Security Section

Mr. Surapong Rattanaphuwalux Director of Information System Development Division

Miss Siriporn Thanachirdsirikul Chief of Information System Support Section

Miss Benjawan Lertpichitkul Programmer 7, Acting Chief of Information System Development Section

Mr. Arnand Whangkulam Director of Computer Operation and Network Division

Mr. Sikarn Prathomboon Chief of Computer Network Section

Mr. Apisan Yodsuwan Computer System Administrator 7, Acting Chief of Computer System

Operation Section


Mr. Yongsit RojsrikulEducation

Bachelor’s Degree • B.Eng. (Electrical Engineering), Chulalongkorn University Master’s Degree

• MBA, California State University, USACurrent Position

• Governor of Mass Rapid Transit Authority of ThailandOther Position -Working Experience

• Manager, Marketing and Sales Department, Thaicom Public Company Limited • Manager, Marketing and Sales Office, Thaicom Public Company Limited • Assistant Vice President, Thaicom Public Company Limited • Vice President, Thaicom Public Company Limited

Mr. Ronnachit YaemsaardEducation

Bachelor’s Degree • Bachelor of Law, Chulalongkorn UniversityMaster’s Degree

• Master of Comparative Jurisprudence, Howard University, Washington D.C. • Mini MBA, Faculty of Commerce and Accountancy, Thammasat UniversityCurrent Position

• Deputy Governor (Operations) Mass Rapid Transit Authority of ThailandOther Position -Working Experience

• Lawyer, Ukrit Mongkolnavin Law Office • Chief of Contract Section, Expressway and Rapid Transit Authority of Thailand • Director of Audit Office, Metropolitan Rapid Transit Authority • Director of Legal Office Metropolitan Rapid Transit Authority • Assistant Governor, Mass Rapid Transit Authority of Thailand • Deputy Governor (Operations), Mass Rapid Transit Authority of Thailand • Deputy Governor (Operations), Mass Rapid Transit Authority of Thailand Acting Governor, Mass Rapid Transit Authority of Thailand • Deputy Governor (Operations), Mass Rapid Transit Authority of Thailand

Profile and compensationChief Executive Officer of MRTA


Profile and compensationChief Executive Officer of MRTA

Mr. Chaisit GururatanaEducation

Bachelor’s Degree • Bachelor of Engineering (Civil Engineering), Chiang Mai UniversityMaster’s Degree

• Master of Engineering (Civil Engineering) (Transportation), Chulalongkorn UniversityCurrent Position

• Deputy Governor (Strategy and Planning), Mass Rapid Transit Authority of ThailandOther Position -Working Experience

• Engineer, Expressway Authority of Thailand • Engineer, Metropolitan Rapid Transit Authority • Director of Planning Division, Metropolitan Rapid Transit Authority • Director of Technical and Planning Department, Mass Rapid Transit Authority of Thailand • Assistant Governor, Mass Rapid Transit Authority of Thailand • Deputy Governor (Engineering and Construction), Mass Rapid Transit Authority of Thailand • Deputy Governor (Strategy and Planning), Mass Rapid Transit Authority of Thailand

Mrs. Kritaya SumitanantEducation

Bachelor’s Degree • Bachelor of Accounting, Thammasat UniversityMaster’s Degree

• Master of Public and Private Management, National Institute of Development Administration (NIDA)Current Position

• Deputy Governor (Administration), Mass Rapid Transit Authority of ThailandOther Position -Working Experience

• Employee of Expressway Authority of Thailand (the last position : Director of Finance and Revenue Department) • Director of the Office of the Governor, Mass Rapid Transit Authority of Thailand • Director of Accounting and Finance Department, Mass Rapid Transit Authority of Thailand • Director of General Administration Department, Mass Rapid Transit Authority of Thailand • Assistant Governor, Mass Rapid Transit Authority of Thailand • Deputy Governor (Administration), Mass Rapid Transit Authority of Thailand


Compensation Chief Executive Officer in the fiscal year 2011 Salary (5 persons) 8,835,864 Baht / YearCost of living - Baht / YearTotal 8,835,864 Baht / Year

Compensation Chief Executive Officer in the fiscal year 2012 Salary (6 persons) 12,558,492 Baht / YearCost of living - Baht / YearTotal 12,558,492 Baht / Year

Compensation Chief Executive Officer in the fiscal year 2013 Salary (6 persons) 14,129,904 Baht / YearCost of living (4 persons) 212,160 Baht / YearTotal 14,342,064 Baht / Year

Mr. Peerayudh SingpatanakulEducation

Bachelor’s Degree

• Bachelor of Engineering, Chiang Mai University, 1978 Master’s Degree • M.S (Transportation), Northeastern University, USA, 1981Current Position

• Deputy Governor (Engineering and Construction), Mass Rapid Transit Authority of ThailandOther Position -Working Experience

• Project Engineer / Senior Engineer, Mass Rapid Transit Authority of Thailand • Director of Construction Management Division, Mass Rapid Transit Authority of Thailand • Director of Construction Department, Mass Rapid Transit Authority of Thailand • Director of Engineering Department, Mass Rapid Transit Authority of Thailand • Director of Construction Management Department, Mass Rapid Transit Authority of Thailand • Assistant Governor, Mass Rapid Transit Authority of Thailand • Deputy Governor (Strategy and Planning), Mass Rapid Transit Authority of Thailand • Deputy Governor (Engineering and Construction), Mass Rapid Transit Authority of Thailand

Compensation Chief Executive Officer of MRTA

Note : Chief Executive Officer is the first high ranking executive and the second top executive.


Position Number : Pesons

Gender Executives Under the Hiring Staffs Employees Contracts

Age Executives Under the Hiring Staffs Employees Contracts

Education Executives Under the Hiring Staffs Employees Contracts

Position Executives Under the Hiring Staffs Employees Contracts

Executives according to the Hiring Contracts 2 Staffs 804 Employees 0 Total 806

Male 2 471 - Female - 333 - Total 2 804 0

< 25 - 38 - 25-34 - 363 - 35-44 - 286 - 45-54 2 80 - > 54 - 37 - Total 2 804 0

Below Bachelor’s Degree - 21 - Bachelor’s Degree - 583 - Master’s Degree 2 197 - Doctoral Degree - 3 - Total 2 804 0

General staff without Bachelor Degree) - 27 - General staff with Bachelor Degree) - 594 - Section Chief or equivalent - 102 - Division Director or equivalent - 55 - Department Director or equivalent - 16 - Assistant Governor - 6 - Deputy Governor / Chief Financial Officer 1 4 - Advisor - - - Governor 1 - - Total 2 804 0

Total expenses on Staff and Contract Staff

Total expense on staff and contract staff such as salaries, wages, cost of living, social welfare - 3 years (from 2011-2013) Fiscal year 2011 amount 279,321,064.75 Baht Fiscal year 2012 amount 315,162,783.41 Baht Fiscal year 2013 amount 397,066,449.84 Baht

Man - Power of MRTA (As of 30 September 2013)


The major part of MRTA’s capital structure is the state’s subsidy allocated from the country’s budget annually for use as operating

expenses.

Significant Changes

In complying with the newly amended Accounting Standards and Financial Report Standards which have taken effect, there are the fol-

lowing significant changes:

The Accounting Standard volume 19 regarding the benefits to the employees:

Previously

- MRTA will realize the various expenses concerning employment termination compensation on the date of transaction.

According to the new Standard

- MRTA will assess the debts and benefits to be paid to the employees on employment termination based on the actuarial principles

and gradually realize the expenses to be incurred.

- Disclose the amount of money recorded as expense in which the project costs, subsidy paid according to the subsidization project.

Capital Structure

unit : million baht

Initial Capital 945.96 945.96 945.96

Subsidy for repayment of debts and interest 54,847.40 47,984.70 42,392.94

Subsidy for land acquisition 23,297.30 22,647.03 19,240.96

Subsidy for consultancy fees 1,115.82 912.99 880.49

Others 475.17 371.93 337.31

Total 80,681.65 72,862.61 63,797.66

30 Sep. 2013 30 Sep.2012 30 Sep.2011


2011 2012 2013

Million

Baht

Budget Allocated for Fiscal Year 2011 - 2013

9,000.00

8,000.00

7,000.00

6,000.00

5,000.00

4,000.00

3,000.00

2,000.00

1,000.00

-

Regular Expenditure Budget 6,596.77 6,029.85 7,981.77

Investment Budget 1,028.79 1,688.00 547.40

Total 7,625.56 7,717.85 8,529.17

Regular Expenditure Budget Investment Budget

6,596.77 6,029.85 7,981.77

1,028.791,688.00

547.40

unit : Million Baht

Expenditure Budget / Fiscal Year 2011 2012 2013

Anticipated future changes

In complying with the newly amended Accounting Standards and Financial Report Standards which have taken effect, there are the

following significant changes:

The Accounting Standard volume 20 regarding the government’s subsidies (effective as from January 1, 2013.

For the state enterprises whose fiscal year follows the government’s budgetary year, the effective date is October 1, 2013).

Previously

- MRTA booked the capital portion as “capital”

According to the new Standard

- Subsidies concerning assets are booked as accrued incomes and will be gradually realized as income throughout the lives of the

concerned assets.

- Subsidies concerning income are booked as incomes from subsidies separately from the other categories of income.

- Unconditionally donated assets and subsidies which do not fall within the conditions of the Accounting Standard volume 20 are

booked as other incomes.


Debt

s from

the

State E

nter

prise’s

Loan

s

So

urce

of Fu

nds/Co

ntra

ct D

etails

Draw

Down

Data

Repa

ymen

t Da

teIntere

st R

ate

(% p

.a.)

(FDR

= F

ixed

Depo

sit Ra

te)

2011

2012

2013

Status

of Se

curity

by G

over

nmen

t

Million

Yen

Million

Yen

Million

Yen

With

Se

curity

Million

Baht

Million

Baht

Million

Baht

No

Secu

rity

Debt

s from

Loa

ns (La

st 3

-yea

r Ou

tstand

ings

as

of S

eptemb

er 3

0)

1. Do

mestic L

oans

1. T

he M

.R.T. Ch

aloe

m Re

tcha

mong

khon

Line

Lo

ans

for d

esign

and

con

stru

ction

pay

,

and

for t

he p

rojec

t con

sulta

nt p

ay

1.

MRT

A 20

03 B

ond, s

econ

d pu

rcha

se

20 J

une

20

Jun

e 2.62

88

1,00

0.00

1,00

0.00

- a

(R

ollov

er o

f The

Gov

ernm

ent S

aving

s 20

03

2013

Bank

199

8 Lo

an)

2. L

oans

from

the

Gove

rnm

ent S

aving

s

21 S

ept

30 N

ov

FDR

+ 1.37

/ ye

ar

98

7.50

-

- a

Ba

nk, 2

006

2006

20

11

3. M

OF L

oan

Cont

ract o

f 3

Apr

30 A

pr

1st Am

ount F

DR +

1.75

/ ye

ar

-

-

9,30

0.00

no.1-C

hor/2

013

(Rep

aym

ent L

oan

2013

20

22

2nd A

mou

nt F

DR +

1.25

/ yea

r

1,98

7,.50

1,00

0.00

9,30

0.00

a

21

and

22

(Civi

l), Am

ount: B

aht 9

,300

million

1st

Amou

nt: B

aht 6

,300

millio

n, 2nd

Am

ount

: Bah

t 3,000

milli

on

2. T

he B

lue

Line

Pro

ject:

Hu

a La

mpho

ng-B

ang

Kae

an

d Ba

ng S

ue-T

ha P

ra s

ectio

ns

Loan

for c

onstru

ction

(civi

l eng

ineer

ing)

an

d th

e co

nsult

ant F

ees

1. C

ontra

ct to

con

tinue

bor

rowing

loan

30

May

30

May

1st

Am

ount F

DR +

1.29

/ yea

r

6,42

7.63

8,00

0.00

6,00

0.00

a

no

. 1-K

or/201

1, A

mou

nt: B

aht 8

,000

milli

on

2011

20

15

2nd A

mou

nt F

DR +

1.31

/ yea

r

1st

Am

ount

: Bah

t 4,000

milli

on, 2

nd

Amou

nt: B

aht 4

,000

milli

on

2. C

ontra

ct to

con

tinue

bor

rowing

loan

16

Feb

28

Oct

1st Am

ount F

DR +

1.23

/ yea

r

-

5,80

3.90

9,45

4.92

a

no

. 1-Ko

r/201

2, Am

ount:

Bah

t 12,3

03.06

millio

n,

2013

20

15

2nd A

mou

nt F

DR +

1.25

/ yea

r

1st

Amou

nt: B

aht 3

,000

million

, 2nd A

mou

nt:

3rd A

mou

nt F

DR +

1.27

/ yea

r

Ba

ht 3

,000

milli

on, 3

rd A

mou

nt: B

aht 3

,000

4th

Am

ount

FDR

+1.29

/ yea

r

millio

n, 4th

Amou

nt: B

aht 3

,303.0

6 millio

n

3. C

ontra

ct to

con

tinue

bor

rowing

8 Fe

b 8

Feb

3.15

- -

4,87

2.96

a

no

. 1-Kor/20

13, A

mou

nt: B

aht 1

1,470

million

20

13

2015

6,42

7.63

13,803

.90

20

,327

.88

3. T

he G

reen

Line

Projec

t,

Be

aring

- Sa

mut Pr

akar

n Se

ction

Loan

for c

onstru

ction

(civi

l eng

ineer

ing)

an

d th

e pr

oject c

onsu

ltant

fees

1. C

ontra

ct to

con

tinue

bor

rowing

3

Apr

3 Ap

r BI

BOR

+ 0.25

/ ye

ar

-

1,35

2.05

1,49

4.95

a

loa

n no

. 2-K

or/201

2, A

mou

nt:

2012

20

12

Ba

ht 2

,000

milli

on

2. C

ontra

ct to

con

tinue

bor

rowing

8

Feb

8 Fe

b 3.15

-

-

967.95

a

loa

n no

. 2-K

or/201

3, F

inanc

ial

2013

20

13

Am

ount

: Bah

t 4,740

milli

on

-

1,35

2.05

2,46

2.90

To

tal L

oan

1 -

8,41

5.13

-

16,155

.95

- 32

,090

.78


Debt

s from

the

State E

nter

prise’s

Loan

s

So

urce

of Fu

nds/Co

ntra

ct D

etails

Draw

Down

Data

Repa

ymen

tDa

teIntere

st R

ate

(% p

.a.)

(FDR

= F

ixed

Depo

sit Ra

te)

2011

2012

2013

Status

of Se

curity

by G

over

nmen

t

Million

Yen

Million

Yen

Million

Yen

With

Se

curity

Million

Baht

Million

Baht

Million

Baht

No

Secu

rity

Debt

s from

Loa

ns (La

st 3

-yea

r Ou

tstand

ings

as

of S

eptemb

er 3

0)

*Use

ave

rage

sell

rate

, ref

eren

ced

from

the

Bank

of T

haila

nd

Exch

ange

Rate

30

Sep

30

Sep

30

Sep

2011

20

12

2013

Ba

ht/Y

en

0.410

878

0.401

574

0.324

228

2. F

oreign

Cur

renc

y Lo

ans

1. Th

e M.R.T. Ch

aloe

m

Ra

tcha

mong

khon

line

Lo

ans

for d

esign

and

con

struc

tion,

an

d fo

r the

pro

ject c

onsu

ltant

fees

1

Loan

21

27

Sep

199

6 20

Sep

200

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Key Current and Future Investments

1. The M.R.T. Chaloem Ratchamongkhon Line

2. The Purple Line Project : Bang Yai-Bang Sue Section

3. The Blue Line Project : Hua Lampong-Bang Kae and Bang Sue-Tha Pra Sections

MRTA

MRTA

MRTA

Concession type: Public-Private Partnership (PPP) Net CostConcession contract signed on August 1, 2000.

Concession period: 25 yearsTrain Started operation service on July 3, 2004 .

Concession type: Public-Private Partnership (PPP) Gross Cost.Concession contract signed on September 4, 2013

Concession type: Public-Private Partnership (PPP) Gross Cost Received The Cabinet Approval on December 28, 2010.

Plans and Projects MRTA’s important invested projects are the 8 Mass Rapid Transit projects as follow.

Joint Participation with the Private Sector

1. The Purple Line Project : Bang Yai-Bang Sue Section

2. The Blue Line Project : Hua Lamphong-Bang Kae and Bang Sue-Tha Pra Sections

3. The Green Line Project : Bearing-Samut Prakarn Section

4. The Green Line Project : Mo Chit-Sapan Mai-Khu Khot Section

5. The Pink Line Project : Khae Rai-Min Buri Section

6. The Orange Line Project : Taling Chan-Min Buri Section

7. The Purple Line Project : Tao Poon-Rat Burana Section

8. The Yellow Line Project : Lad Prao-Samrong Section

61,616.46 82,369.14

27,882.87 58,878.40

58,658.15

200,545.40

91,686.36

57,466.50

Investment Budget (Loans)

InvestmentBudget (Loans)







The total project progress is at 60.76%, delayed from original project plan by 4.17%, or 93.58% completed.






The total project progress is at 9.21%, delayed from original project plan by 1.15%, or 88.87% completd.

The total project progress is at 5.09%, achieved as planned, or 100% completed.

Project Project Value Source of Progress (million baht) Funds

Project Civil Engineering M&E System Train Work Train Operation Work and Maintenance Work

MRTA - To buy materials in bulk for a number of projects in order to obtain low pricing and to develop the MRT industry

domestically

Affiliated company of MRTA or Joint participation with the Private Sector

Note : As of June 2013


Mass Repid Transit Projects in fiscal year 2013. The M.R.T. Chaloem Retchamongkhon Line

1. The M.R.T. Chaloem Ratchamongkhon Line Concession Contract MRTA has entered into concession contract for investment and operating of M&E system of M.R.T. Chaloem Ratchamongkhon Line

with Bangkok Metro Public Company Limited ( BMCL) on August 1,2000 for the operating period of 25 years starting from revenue service.

Operating results are as follows:-

1.1 Service Operation

In term of service, number of trains on weekday are at maximum of 19 trains, and 14 trains for maximum on weekend and

public holidays.

1.2 M&E System Availability and Punctuality

Target of Performance Obligation is to be set in line with indications related to the M.R.T. Chaloem Retchamongkhon Line

concession contract management and to be in accordance with standard procedure presented to Ministry of Finance and Ministry of Transport.

These indications are therefore used as goal to oversee BMCL performance as well. Average performance of BMCL in fiscal year 2013 compared

with the target value are as follows:-

MRT System 99.92% 99.81%

Ticket Vending Machines 99.92% 99.76%

Automatic Gates 99.92% 99.73%

Lifts 99.92% 100%

Escalators 99.92% 100%

Platform Screen Doors 99.92% 99.94%

Signalling System 99.92% 100.00%

Power Supply System 99.92% 100.00%

System Availability Average Percentage of Target Percentage Operating results

The punctuality of arriving time to station is up to ±2 minutes faster or slower than time specified in the schedule, with an average of

99.47% from the 99.98% target.

1.3 Ridership and Revenue Service

In fiscal year 2013 (October 2012-September 2013), total number of passengers who ride the M.R.T. Chaloem Ratchamongkhon

Line was 84,679,759 person/time or average 0f 231,999 person time/day.

10,000,000

8,000,000

6,000,000

4,000,000

2,000,000

0

Person-time / Month

Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep

2012 2013

Ridership

Summary of MRTA Performance


300,000

250,000

200,000

150,000

50,000

0

Person-time / Month


2012 2013

Average Ridership per Day

Fare revenue from Bangkok Metro Public Company Limited (BMCL) can be collected at Baht 2,049,241,324 per year, or average of

Baht 5,614,360 per day. MRTA then get revenue share of fare revenue in this fiscal year at amount of Baht 19,151,788 (excluding vat).

240,000,000

200,000,000

160,000,000

120,000,000

80,000,000

40,000,000

0

7.500,000

6,000,000

4,500,000

3,000,000

1,500,000

0

Baht / month

Baht / month



2012

2012

2013

2013

Collected Fare Revenue

Average Collected Fare Revenue per Day


48%17%

11%24%

Revenue share of Fare Revenue (Excluding Vat)

Summary of Revenue from Commercial Development in the fiscal year 2013

2,500,000

2,000,000

1,500,000

1,000,000

500,000

0

Baht / month


2012 2013

1.4 Commercial Development and Revenue from Commercial Development

Under the MRTA concession contract for the M.R.T. Chaloem Ratchamongkhon Line between Bangkok Metro Public Company

Limited (BMCL) and Mass Rapid Transit Authority of Thailand (MRTA), BMCL is assigned to have the rights to handle activities and to make

income from commercial development. BMCL then has shared such income to MRTA in fiscal year 2013 ( as of September 30,2013) at amount

of Baht 74,520,642.14, consisting of (1) revenue share from commercial development of Baht 24,520,642.14 and (2) income from annually fee

of Baht 50,000,000.

2. Operation of Business Development of MRTA, exclusion to concession contract of M.R.T. Chaloem Ratchamongkhon Line .

Parking Service

Kiosk renting service

Right of Ways service

Office building service

In fiscal year 2013, income from business development of MRTA to be in addition to concession contract was totaling Baht

113,312,070 details as follows:-

(27,349,055.58)

(12,945,771.99)

(54,130,008.83)(18,887,233.60)

Unit : Baht


2.1 Revenue from Parking Service

MRTA has provided 10 parking service areas along M.R.T. Chaloem Ratchamongkhon Line which can be classified into 2 buildings

of Park & Ride i.e. a 9-storey building at Ladprao station and 3-storey building at Thailand Cultural Centre station. The other 8 places of parking

area are along the M.R.T. station i.e. Rachadaphisek station, Huai Khwang station, Thailand Cultural Centre station (entrance 1 and Rachadaphisek

soi 6), Phetburi station, Sukhumvit station, Queen Sirikit National Convention Center station and Samyan station which can accommodate 2,900

cars. In fiscal year 2013, revenue from parking service was Baht 54,130,008.83.

2.2 Revenue from lease of Kiosk at Kamphaeng Phet station

MRTA has expropriated the land of the State Railway of Thailand at the Chatuchak Weekend Market in order to construct the M.R.T.

Chaloem Ratchamongkhon Line on which the MRTA has built kiosks for vendors affected by the expropriation. Up to 210 kiosks and 2 toilets

were built on the empty plots of land after civil works were completed, thereby generating Baht 18,887,233.60 lease revenue for MRTA during

fiscal year 2013.

2.3 Revenue from MRTA’s Permittance

MRTA received many requests for utilizing different plots of land and buildings along the M.R.T. Chaloem Ratchamongkhon Line and

the Huai Khwang Depot as entrance-exit, parking area, advertising space, temporary kiosk, event space, connecting way to private real estate

filming site, etc., generating a total revenue of Baht 27,349,055.58

2.4 Revenue from Leasing space along M.R.T. Chaloem Ratchamongkhon Line

MRTA leased out space in the following five buildings: 1) 9-Storey Park & Ride at Lad Phrao Station : hall leased to an optical

center; 2) 2-floor multi-purposed building at Lad Phrao Station for the Bangkok Convention and Seminar Center; 3) 1-Storey multi-purpose

building at Ratchadapisek Station leased to a physical therapeutic center specialized in joints, muscles and nervous system; 4) 3-storey Park &

Ride at Thailand Cultural Center Station: mezzanine leased to a nursery; and 5) a connecting building at Sukhumvit Station: leased to install ATMs

and Exchange teller; lease of glass room for a Italian restaurant and Dunkin’s Donut. All of these generated Baht 12,945,771.99

3. Security and Rescue MRTA has set up a team of security and rescue personnel to monitor and ensure safety for the M.R.T. system 24 hours a day in

3 shifts, i.e. day shift, afternoon shift and night shift as follows :

- Security guard team responsible for the following 6 main tasks :

(1) Security teams at the 18 stations and 2 Park & Ride buildings to guard, monitor, and ensure safety at the stations and Park & Ride ;

(2) Team of explosive detection personnel with sniffer dogs (K-9) to inspect and search explosive suspicious objects within the area

of M.R.T. system ;

(3) Explosive Ordnance Disposal (EOD) Security Team who identify suspicious objects within the area of M.R.T. system ;

(4) Patrol Security Team who patrol the zone of M.R.T. system and prevent unauthorized access ;

(5) Security Team at Phasutha Radio Center who coordinate and communicate on security and rescue matters including

emergency occurred in the M.R.T. system area.

(6) Security team to monitor CCTV.


- Provide 4 rescue teams: during normal circumstances, the rescue team will support the security team in monitoring, inspecting and

securing the area and in an emergency case the security team will support the rescue team to stop the incident.

With respect to security and rescue operation, MRTA has analyzed the risk factor which may have impact on operation goals and

to create an appropriate internal controlling measure to be implemented. The security measure to be served as risk management will be

evaluated from statistical data of crime occurrence in each quarter of year. To reduce possibility of the abnormally incident and its impact, MRTA

has paid strong attention to practical training on emergency response to security team and rescue team as follows:-

1) Security Training

MRTA has set training need program on theory and practice. On practicing part, the security team will be physically trained every

month and be undergone physical proficiency test every three months as a matter of highly needed factor to security work. Moreover, the

security team who works with sniffer dogs (K-9) and those with Explosive Ordnance Disposal (EOD) security team must be trained in extra

manner according to nature of works also.

2) Rescue Training

MRTA has set training program for all 4 teams of rescue team to be trained altogether on handling crisis through crisis simulation,

2 times/ month. Additionally, MRTA has joined with the concessionaire and other third parties such as police station along the MRT line,

the fire unit and medical unit to practice in emergency response.

MRTA Regulations for security and rescue teams to conduct in the normal situation and emergency situation are formulated in accordance

with the Quality Management Systems ISO 9001-2008 based on 6 regulations as follows:

(1) Operation Regulation : Readiness before operation;

(2) Operation Regulation : Security guards’operation in normal situation;

(3) Operation Regulation : Rescue teams’ operation in normal situation;

(4) Operation Regulation : Emergency Response;

(5) Operation Regulation : Survey on M.R.T. Passengers satisfaction on the security and rescue systems.

(6) Operation Regulation : Lost & Found.

The number of security and rescue personnel assignment will be as considered appropriate to the circumstance and information from

the National Intelligence Agency and other intelligence organizations. Also, relevant tools and equipment are prepared to be deployed around the

clock.

The preparedness of MRTA equipment can be classified into 2 types as follows:

(1) Staff of each shift must inspect the security and rescue equipment such as torchlight, baton, shotguns, transceiver, etc., to ensure

that they are ready for use before starting each shift.

(2) Unit equipment such as cars, fire engines, X-Ray Machine for screening suspicious objects, etc, must be checked for the next shift

of security and rescue teams before shift switching.

In fiscal year 2013, adverse incidents occurred in MRT area were:

(1) Offences against properties under the Criminal Act: 11 cases

(2) Obscene action: 1 case

(3) Offences against life and injury: 2 cases

(4) Offences on quarrelling: 3 cases

However, all incidents were successfully concluded by MRTA security staff.


Implementation of the Purple line Project (north): Bang Yai-Bang Sue Section 1. Civil Works Construction Construction progress of the project as of September 2013 was 74.72% completed, compared with the planned of 75.93%.

The progress of each contract was as follows:-

Contract 1 : Eastern Elevated (Bang Sue-Phra Nang Klao Bridge)

MRTA signed contract for civil works contractor with CKTC JV, Contract 1, on 26 August 2009 for total cost of Baht 14,292 million. CKTC

JV commenced the works on 10 November 2009. Progress of works was 85.70% compared with work program of 88.16%, which was 2.46%

behind schedule. Main works accomplished were installation of E&M system and internal architectural work in station, stairs and escalators

installation, installation of parapet and cable trench and E&M work at concourse level.

Contract 2 : Western Elevated Structure (Phra Nang Klao Bridge-Bang Yai)

MRTA signed contract for civil works contractor with Sino-Thai Engineering and Construction PCL, Contract 2, on 20 January 2010 for

total cost of Baht 13,100 million. Sino-Thai Engineering and Construction PCL commenced works on 1 March 2010. Progress of works was

78.50% or 1.03% before schedule. Main works accomplished were installation of E&M system and internal architectural work inside stations,

installation of roof structures and metal sheets, ceiling works, stairs and escalators and installation of structure parapets.

Contract 3 : Depot and Park & Ride Building

MRTA signed contract for civil works contractor with PAR JV, Contract 3, on 26 January 2010 for total cost of Baht 5,025 million. PAR

JV commenced works on 12 March 2010. Progress work was 52.96% or 1.38% behind schedule. The main works accomplished were concrete

foundation and piling work at Depot, foundation work at Park & Ride building at Sam Yaek Bang Yai station, foundation work at Tha-it Park &

Ride building and also foundation work at Park & Ride building at Yeak Nonthaburi 1 station.

Contract 6 : Trackwork

MRTA signed contract for trackwork contractor with Italian-Thai Development PCL, Contract 6, on 4 October 2012 for total cost of Baht

3,585 million. Italian-Thai Development PCL commenced works on 1 November 2012. Progress of works were 45.58% which was 4.35% behind

schedule. Main works accomplished were installation of mock-up track to mark track plinth position, installation of track plinth in Depot.

Contract 1 Contract 2 Contract 3


2. Selection of the Private Sector to Invest in the M&E System and O&M Service Contract 4 : Bang Yai-Tao Poon Section

On 3 September 2013, the Cabinet approved the results of selection for the private sector to invest in the M&E system and O&M

service, Purple line, Contract 4, Bang Yai-Bang Sue (Klong Bang Pai-Tao Poon Station) with draft contract to be modified in accordance with

comments from Office of Attorney General as well as clause 21 of Public -Private Participation Act B.E. 2535 (1992) as being proposed by

Ministry of Transport. A contract has been signed between MRTA and Bangkok Metro Public Company Limited (BMCL) on 4 September 2013.

Contract 5 : Tao Poon-Bang Sue Section

MRTA has proposed the completed comparison study on the selection criteria of private sector investment to Ministry of Transport for

consideration. The Cabinet ,however, on 8 January 2013 has passed its resolution to order Ministry of Transport and MRTA to accelerate

consideration to propose the suitable model for private sector investment on Tao Poon - Bang Sue section between PPP Gross Cost and PPP

Net Cost. The Ministry of Transport then asked MRTA to review the study by extending the study on compatibility between PPP Gross Cost

and PPP Net Cost. In this regard, BBML, the Consultant, has conducted the revision study and submitted to MRTA Board of Directors meeting

on 21 February 2013, which was already approved. On 10 April 2013, MRTA has sent the said revision report to Ministry of Transport prior to

further submit to Cabinet for consideration.

The Cabinet meeting on 3 September 2013 has passed resolution in line with the Steering Committee resolution to approve the private

investment in Contract 5 and to have the Committee stipulated in clause 13 of Public-Private Participation Act B.E. 2535(1992) starting its

selection process from the model of PPP Net Cost. If not being succeeded in selection, the model of PPP Gross Cost or any other alternative

model that was deemed suitable and beneficial to public should be adopted.

Implementation of the Purple Line Project (south): Tao Poon–Rat Burana Section The MRTA Board of Directors has approved on 30 August 2012 to engage the group of Consultant led by Tesco Co., Ltd. (BMTP) to be

MRTA Consultant to review feasibility study, design work, prepare tender documents and proceed to the Public-Private Partnership Act B.E. 2535

(1992) at total cost of Baht 137,612,272 (including vat) with contract signed on 27 September 2012 and commencing date on 15

October 2012.

BMTP Consultant and MRTA have joined in handling Public Hearing meeting on 30 April 2013 as the first session of hearing and

receiving comments from public. The outcome of such session has brought into severe objections from people living in Serm Sin Housing Village

and those living in Bang Pueng sub district of Phra Pradaeng district, Samutprakarn province, who might be affected by implementation of this

project, then raised their complaint to MRTA and the Commission of Parliament as well as the media again and again. As such, MRTA could

not finish the design work within the schedule.

Moreover, the Transport Commission of Parliament, on 6 June 2013, had received the complaints raised by people living in Bank Pueng

sub district regarding to objection of Depot construction of Purple Line Project: Tao Poon - Rat Burana Section which are to be located at Bang

Pueng sub district, Phrag Pradaeng district, Samutprakarn province. The Commission then requested MRTA to study in details to do comparative

study on other 4 locations as alternative of Depot construction. MRTA thereby had to clarify significant factors to be regarded in case of decision

making for appropriate location of Depot which were land acquisition, technical suitability, construction cost and environmental impact and had

the BMTP Consultant to do such work at no cost.

The MRTA Board of Directors on 18 September 2013 approved to extend period of the first phase of consulting work of BMTP to be

valid till 7 December 2013 to have the Consultant study on alternative locations, which was scheduled to be completed within December 2013.


Implementation of the Blue Line Project: Hua Lamphong-Bang Kae and Bang Sue-Tha Pra Sections 1. Land Acquisition MRTA has accomplished the survey and estimation work for the preliminary price of all immovable properties to be expropriated.

Agreement with the property owners for compensation was made for 942 plots of land out of 960, and 683 buildings out of 700,at total amount

of compensation of Baht 4,848.27 million. Out of this, 637 buildings and debris had been removed from the land along the project line.

The progress was 98.64% or 1.36% behind schedule.

2. Civil Works Construction The progress as of September 2013 of civil works construction of the project was 42.62%,which could be summarized as follows:-

Contract 1 : Construction of Underground Structure: Hua Lamphong-Sanam Chai Section

MRTA signed Contract for civil works contractor with Italian-Thai Development PCL, Contract 1, on 17 February 2011 with total cost of

Baht 11,441 million. Commencing date was on 4 April 2011 and progress of works as of September 2013 was 46.96%, compared with 46.34%

as planned or 0.62% before schedule. Main works were soil rehabilitation, utility relocation, tunnel boring and molding of tunnel segments,

traffic management, guide wall and D-wall installation, jet grouting and soil digging at plant 1 of Wat Mangkorn Kamalawat station. D-wall and

capping bean for pipe roof and temporary decking at Wang Burapha station. Underpinning at Damrong satit Bridge.

Contract 2 : Construction of Underground Structure: Sanam Chai-Tha Phra Section

MRTA signed Contract for civil work contractor with CH. Karnchang PCL, Contract 2, on 17 February 2011 with total cost of Baht 10,688

million. Commencing date was on 4 April 2011 and progress of works as of September 2013 was 53.82% compared with 52.92 % as planned

or 0.90% before schedule. Main works were molding of tunnel segments, tunnel boring, soil digging, construction of intervention shaft and

temporary decking at Isaraphap station and Sanam Chai station. Soil rehabilitation and bridge construction over the canal near entrance D of

Sanam Chai station. Construction of beam structures at Sanam Chai and Isaraphap station.

Contract 3 : Construction of Elevated Structure: Tao Poon-Tha Pra Section

MRTA signed Contract for civil work contractor with SH-UN Joint Venture, Contract 3, on 17 February 2011 with total cost of Baht 11,285

million. Commencing date was on 4 April 2011 and progress of works as of September 2013 was 36.36% compared with 36.54% as planned

or 0.18% behind schedule. Main works were construction of conduit, pipe and telephone line installation, construction of bridge across Chao

Phraya River, piling of bridge over Bangkok Noi Canal, foundation works at Sirindhorn station, balance piling works at Barom Rachachonnee

Intersection, foundation and piling work at Bang Po and Bang Khun Non station, cross beam installation at Bang Po, Bang Plad, Bang Khun Non

and Charansanitwong13 station, installation of viaduct segment from Tao Poon to Bang Po station and from Bang Aor to Bang Plad station,

and viaduct work on Charansanitwong road and Pracha rat 2 road.

Contract 4 : Construction of Elevated Structures : Tha Pra-Lak Song Section

MRTA signed contract for civil work contractor with Sino-Thai Engineering and Construction PCL, Contract 4, on 17 February 2011 with

total cost of Baht 13,335 million. Commencing date was on 4 April 2011 and progress of works as of September 2013 was 26.78 % compared

with 26.78% as planned. Main works were utility relocation, foundation works for viaduct and station, installation of concrete beam box girder

at many areas such as transition area of Tha Pra station, Buddha Monthon intersection, Phasi Charoeng station, Rachapruk intersection, and from

Bang Pai station to Kanchana Phisek road. Construction on Kanchana Phisek road was for balance cantilever at Bang Wa station and Buddha

Monthon intersection. Construction of structures at 2fl. of Park & Ride, by-pass canal in Depot, spun piling at platform level of Depot, and floor

works of platform at Depot. Foundation works of Administration & OCC Building.



MRTA signed contract for civil work contractor with CH. Karnchang PCL, Contract 5, on 17 February 2011 at total cost of Baht 4,999

million. Commencing date was on 4 April 2011 and progress of work as of September 2013 was 62.71% compared with 62.44% as planned

or 0.27% before schedule. Main works were designing track rail system and designing of Manufacture and Installation Reference Drawing (MIRD),

materials approving, manufacturing of concrete sleeper steel bracket and rail expansion joint, assembling of crossover & turnouts and site office

for track supplier.

3. Selection of Project Management and Construction Supervision Consultant On 1 May 2012, the Cabinet passed its resolution to approve amount of consulting fee for management and supervision of MRT

Blue Line Project to be divided into management consulting fee of Baht 265.399 million and supervision consulting fee of Baht 400.043 million.

MRTA had already completed Terms of Reference (TOR) and other related documents to be used for MESC procurement, which was under

process of approval.

4. Selection of M&E Investor and System Operator The Cabinet, on 28 December 2010, resolved with approval in principal of having private sector investment in Blue Line Project.

The Selection Committee for Private Sector Investment of M&E System and Operation of O&M Service for the Blue Line Project: Hua Lamphong-

Bang Kae and Tao Poon-Tha Pra Sections, therefore, considered to proceed with model of PPP Gross Cost as being learnt from some lesson

on selection of private investment for Contract 4, Purple Line Project. The Selection Committee then, on 15 January and 30 January 2013, had

appointed the Working group to review draft Invitation to Pre-Qualifications, draft Invitation to Bid, draft Terms of References and draft Conditions

of Contract for such contract.

MRTA Board of Directors, on 24 February 2013, asked MRTA to do comparative study on advantages and disadvantages as well as

impact on financial aspect, both to public and private sector, on each model for private investment i.e., one contract for private sector investment

and operation or separate contract between investment or operation. MRTA then proposed the said comparative study for MRTA Board of

Directors for consideration on 21 March 2013, by which MRTA was asked to study further details to have more competitive bidding atmosphere

such as having broaden Terms of References of having rehabilitation operation plan for overall MRT system. As such, 0n 10 June 2013, MRTA

had announced the pre-qualification process of M&E system to get more data on MRT system, supplier name, and M&E system cost to be

studied. However selling of Tender Documents of this contract had been postponed with no right schedule.

Contract 1 Contract 2 Contract 3


Implementation of The Green Line Project (north) : Mo Chit-Sapan Mai-Khu Khot Section 1. Study on Public-Private Partnership Act : The Green Line Project : Mo Chit-Sapan Mai Section and Bearing–Samut Prakarn Section On 27 November 2008, the Cabinet passed its resolution to have MRTA implement and construct the Green Line Project :

Mo Chit-Sapan Mai Section and Bearing-Samut Prakarn Section with total length of 25 kilometres. However, on 9 March 2010, the Cabinet had

acknowledged the resolution of the Committee for Transport and Traffic Policy and Planning Commission Office made on 8 February 2010,

(meeting1/2010) of which approved in principle for extension of Green Line from Mo Chit-Sapan Mai to Mo-Chit-Sapan-Mai-Khu Khot and

dismantled the Depot at southern part of Don Muang airport, whereby Depot to be constructed at Khu Khot sub district instead.

2. Project Implementation On 20 December 2012, MRTA Board of Directors approved MRTA to submit proposal for implementation of civil works of the Green

Line Project : Mo Chit-Sapan Mai-Khu Khot for Cabinet consideration. On 27 December 2012, MRTA then submitted such proposal to Ministry

of Transport, which was already approved and was under process of submittal to the Cabinet.

3. Land Acquisition Awaiting Royal Decree Prescribing Land to be expropriated.

Implementation of The Green Line Project (south) : Bearing–Samut Prakarn Section 1. Land Acquisition MRTA has surveyed the preliminary price of immovable properties to be expropriated and made agreement with the property

owners for compensation for 100 plots of land out of 102, and 35 buildings out of 37, amounting to the compensation of Baht 1,112.26 million.

Out of these, 35 buildings had been demolished and debris had been removed from the land along the project line. The progress of operation

was 99.42 % which was 0.58% behind schedule.

2. Civil Works Construction The progress of each construction as of September 2013 was 14.92% compared with 15.55% as planned as follows:

Contract 1 : Elevated Structrures

MRTA signed Contract for civil work contractor, Contract1,on 23 December 2011 for total cost of Baht 14,088 million. Commencing date

was on 1 March 2012, and progress of work was 16.57% compared with17.36% as planned or 0.79% behind schedule. Main works were

monitoring the environment, pile load test and barrette pile, foundation works and molding of concrete pile of viaduct, structure work of Depot,

utility relocation and public relations work.



MRTA signed contract for civil work contractor with CH. Karnchang PCL, Contract 2, on 11 April 2013 with total cost of Baht 2,400

million and had sent letter for Notice to Commence on 26 April 2013. Progress of work as of September 2013 was 4.05% compared with 3.64%

as planned or 0.41% before schedule. Main works were preparing space for stockyard and other materials, preparation of Professional

Indemnity Insurance (PII) and Contractor‘s All Risks Insurance (CAR)

Implementation of The Pink Line Project: Khae Rai-Min Buri Section Review of Feasibility Study, Project Design Modification and Preparation of Tender Documents MRTA signed contract with a group of consulting firm led by Team Consulting Engineering and Management Co., Ltd., on 12 January

2012, as a consultant to study and review feasibility study, project design modification and preparation of Tender Documents for Pink Line

Project with commencing date on 1 February 2012. The study then concluded that Pink Line Project will serve as feeder system as Straddle

monorail system, which are thoroughly elevated with route beginning from Nonthaburi Government Centre Office (connected to Purple Line

Project: Bang Yai-Bang Section) and run along Tiwanon road. Turn left at Pak Kred intersection to Chaengwattana road, Muang Thong Thani,

Civil Servant Inauguration Office Centre and connected to Red Line Project: Bang Sue-Rangsit Section at Laksi intersection on Vibhavadee

Rangsit road. Connected again to Green Line Project: Mo Chit-Sapan Mai at Constitutional Monument at Bang Khen on Phaholyothin road.

It then ran down Ram Indra road towards Min Buri intersection, then ran into downtown of Min Buri along Srihaburanukit raoad to Klong

Samwa bridge and turn right across Saen Seab canal to the last station at Depot on Ramkamhaeng road which connected to Orange Line

Project: Taling Chan-Min Buri Section, total length of 34.5 kilometres with 30 stations.

Presently, the study report on this project was under consideration of Ministry of Transport to submit for Cabinet approval on project

implementation.


Implementation of The Orange Line Project: Taling Chan-Min Buri Section Review of Feasibility Study, Project Design Modification, Preparation of Tender Documents and Analysis Study on Public-Private Partnership Act B.E. 2535 (1992). MRTA Board of Directors, on 20 December 2011, passed its resolution to allow MRTA to engage a consulting group led by MAA

Consultant Co., Ltd.(BMTO) to review of feasibility study, project design modification, preparation of Tender documents and analysis study on

Public-Private Partnership Act B.E. 2535(1992) for Orange Line Project: Taling Chan-Min Buri Section.

Thereafter, MRTA Board of Directors, on 18 October 2012, approved in principle for realignment of Orange Line Project: Taling Chan-Min

Buri Section as follows:-

- Readjust the route from beginning at Taling Chan station to be shorten to begin at Bang Khun Non station.

- Extending the route to be ended at Suwinthawong station in stead of ending at Min Buri station.

- Reshaping Banthad Thong station to be smaller.

- Realignmnet the route from Thailand Cultural Centre Station to Ramkhamhaeng station.

BMTO then had undertaken first phase of such study according to the said realignment route and submitted their study report to MRTA

for review and approval.

However, MRTA Board of Directors, on 18 April 2013, approved to have Orange Line Project alignment be back to begin at Taling Chan

as specified in Master Plan for Mass Transit System in Bangkok and its vicinity. The implementation plan as such was divided into 2 phases

i.e. (1) East Section (Thailand Cultural Centre-Min Buri) and (2) West Section (Taling Chan-Thailand Cultural Centre). BMTO then was assigned

to study obtion 2 of alternative route towards Pracha Song Khrau station (starting from Rang Num to Raj Prarop, Din Daeng, Pra Ram 9 road,

connecting to Pra Ram 9 station of M.R.T. Chaloem Ratchamongkhon Line instead of being connected to Thailand Cultural Centre Station of

M.R.T. Chaloem Ratchamongkhon Line and run straight to Rama 9 road towards MRTA station). Also study on stacked tunnel on Raj Prarop

road was assigned to BMTP to have more facts to clarify the complaint of people being raised to Commission of Parliament.

However, the East Section (Thailand Cultural Centre-Min Buri) was approved by Ministry of Transport and was now under process to

submit for Cabinet consideration.


Implementation of the Yellow Line Project: Lat Prao- Samrong Section Review Study of Feasibility , Project Design and Preparation of Tender Documentation The Cabinet, on 9 March 2010, acknowledged the result of meeting of the Office of Transport and Traffic Management Planning on 8

February 2010 approving the Master Plan for Mass Transit in Bangkok and its vicinity which includes the Yellow Line Project : Lat Prao-Pattanakarn-

Samrong and to be expected to open within 2029. However resulting from government reshuffle, the new government had made policy

announcement in the parliament that altogether 10 lines of MRT need be constructed within 4 years (2015) of which referred to this Yellow

Line Project also. Ministry of Transport then assigned MRTA to expedite implementation process to meet such target.

MRTA Board of Directors, on 30 August 2012,approved to engage the consulting group led by Asian Engineering Consultants Corp., Ltd.

to study and review feasibility study,design work and prepare for tender documents for Yellow Line Project at total cost of Baht 162,208,790

(including vat).

Thereafter, on 24 January 2013, MRTA Boards of Directors approved in principle to reduce the scope of study to review feasibility study,

design work and preparation of tender documents of Yellow Line Project to be done as deemed suitable and necessary. MRTA as such sent

Letter of Intent to Consultant to dismantle first phase of study (feasibility on optional modal of MRT system) and have assigned the Consultant

proceed to second phase of study (the remaining part of feasibility and preparation of tender document for Lat Prao-Pattanakarn Section) since

1 February 2013.

MRTA had reviewed the study on selection of MRT system as being commented by MRTA Board of Directors and had reported

the study result on appropriate modal for Yellow Line Project to be Monorail system to Ministry of Transport for approval. The Transport Minister,

on 29 May 2013, approved the whole route of Yellow Line Project to be Monorail MRTA later informed the Consultant, by letter, on 7 June

2013 to proceed study on Pattanakartn-Samrong.

Presently, the Consultant was studying the remaining part of study on feasibility and provided consulting service conforming to chapter 2

of Public-Private Partnership Act B.E.2535 (1992) with work progress as planned.


Summary of Organization Operations in Fiscal Year 2013 General Management 1. Human Resource Management As of 30 September 2013, total number of staff was 806.

Key Performance MRTA has focused on human resource management aiming to recruit competent personnel to work in the organization. In fiscal year

2013 MRTA board of Directors has approved in principle a manpower plan for fiscal year 2014-2019 which was planned for maximum benefit

to serve human resource activities recruitment of new staff to be effective and meet requirement of each unit. This can be used as guidelines

for recruiting manpower to meet the needs of organization. It was also important to retain personnel to work with organization by employee

motivation as follows:-

1. Promoting MRTA corporate culture through continuing activities. In 2013, two activities were launched

1) Encourage employee to treat others with respect by campaigning greeting -“Sawadee”, and commented modestly in the

online world.

2) Encourage employee to work as a team by asking employee to show Employee identification cards at all times while being

in office which received fully cooperative response.

2. Happy Workplace

Questionnaires were distributed to evaluate factors in creating happiness. It was found that MRTA employee want to be more

healthy. MRTA then provided outdoor fitness equipment for staff and children.

3. Employee Engagement

A survey was done to determine the factor that influence to employee engagement. Also MRTA tried to enhance said factors

and develop fringe, benefits and compensation to create morale and motivate employee to retain working with organization forever.

Moreover, MRTA has prepared Code of Ethics and updated Rule and Regulation to be clear, concise and appropriate to be used

correctly.

2. Human Resources and work System Development 1. Human Resources Development Plan 2013 was prepared with recognition on importance of participating in human resources by

all units, using competency as a guideline in designing courses, or Competency Based Training, under clear Competency Development Guide

(CDG). Also, training needs assessment was carried out in line whit government’s policy, organization development, and executive policy. MRTA

carried out six project as follows:-

(1) Core Competency

(2) Managerial Competency

(3) Functional Competency/Technical Competency

(4) Orientation

(5) Organization Development

(6) Potential Development Project

MRTA achieved the goal of the human resources development in teams of operation plan, which specifies that 90% of all personnel

must pass the training and anti-correction plan for the government sector, consistent with state Enterprise Assessment (TRIS) result in human

resources management 2013 and MRTA Corporate plan 2012-2016. In 2013, 100% of staffs passed the trainings under human resources

development plan under the operation plan 2013.


2. Individual Development Plan (IDP) carried out by the senior level staffs to develop their subordinates in the form of Non-classroom

Training. The Corporate plan for the fiscal year 2012-2016, defines the achievement indicators and targets using the ratio of competent human

resources in the organization at 80% By evaluating the Core Competency in the year 2013, the percentage of competent staff according to the

corporate standard was 96.08% which met the goal specified under the corporate Plan for the fiscal year 2013.

3. HR Work system Development 1. Talent Plan : MRTA conducted preliminary studies in order to define criteria for selction, guideline recruitment, and training course

design for Talent Development Plan as guidelines for future human resources development plan.

2. Succession Plan : MRTA planned to provide the successor to serve vacant position of Department Directors who were to be

retired by screening from Division Directors. Whose qualifications were to be in line with criteria, and to be trained and evaluated on capability

and competency.

3. Individual Development Plan (IDP) : MRTA provided knowledge in preparing an Individual Development Plan (IDP) to heads of

divisions, consisting of six steps, as follows :

(1) set desirable ability standards

(2) assess the ability of the employees

(3) determine personnel development tools

(4) develop an individual plan

(5) explain development plans to our staff and

(6) monitor and evaluate employee development, so that executives have greater understanding and skills in preparing effective

Individual Development Plans for their subordinates.

4. HR Benchmark, MRTA has conducted a comparison study between the state enterprise under the Ministry of Transport i.e.

1) The state Railway of Thailand (SRT) which has similar nature of work alike MRTA and 2) Expressway Authority of Thailand (EXAT) an

organization that was the first ranking score in 2012 on performance evaluation of HR topic among all state enterprise in transportation sector.

Such comparison was to be reviewed for MRTA strategic management and human resource development.

4. Management of Buildings and Vehicles 1. The landscape : Area around building office has been developed by planting trees and reforming health garden under concept of

Green Construction. The bicycle lane was also undertaken in MRTA location also.

2. Vehicle Management : MRTA provides a total of 80 cars for MRTA executives and staff for field operation along the project lines

as assigned, and provide transportation service for staff in the morning and the evening. This was done with consideration to saving fuel expense,

toll way fare, and overtime pay for MRTA drivers, and in line with MRTA policy in cost saving.


MRTA Policy, Strategy and Organization Plan 1. The Risk Management Risk Management in fiscal year 2013 was based on objectives and goals set out in MRTA Corporate Plan 2012-2016 (Rev. 1), Action

Plan, Memorandum of Agreement on Performance of State Enterprise, and other additional goals as described by the opinion of Working Group

on Risk Management and its Sub-Committee. In fiscal year 2013, 22 goals on risk analysis was set with 50 level of corporate risk.

In fiscal year 2013, MRTA analyzed, assessed and reviewed risks by determining Risk Appetite and Risk Tolerance both by corporate

goal and by risk factors and prepared a Risk Map, which presents the relations between risk factors, as well as Risk profile which indicates the

level of risk in each particular period in order to accommodate integration of risk across the organization and help manage risks more

effectively. Moreover a Portfolio View of Risk was prepared for financial goals, or goals of revenue form the business, service and asset utilization,

and for non-financial goals, which are the goals concerning all eight projects of MRT system. Additionally, MRTA had prepared MRTA Business

Continuity Plan for major works under three departments i.e. (1) Operation Department (2) Security and Rescue Department and (3) Information

and Technology Department and had revised risk management manual of 2013 to be up to date to serve MRTA present operation.

MRTA achieved all 22 goals of operation goals and 48 risks reduced to an acceptable level, representing 96% success. This

constructively created added value to the organization in both financially and non-financially. The revenue from business, service and asset

utilization was higher than expected goal and that in fiscal year 2012 by approximately 16.17%. MRTA was also able to manage risk of exchange

rate from foreign loan of the Purple line Project at no cost and gained extra benefits at the amount of 42.62 million Baht. Number of passengers

rose by 11.10% which was higher than target.

2. Quality Management System The Management System Certification Institute (MASCI) has approved the quality management system standard, ISO 9001:2000 to

MRTA for its 4 functions (1) security (2) rescue work (3) Park & Ride service (4) supervision of M.R.T. Chaloem Ratchamongkhon Line since 27

January 2006. Presently, MASCI has approved the quality management system standard ISO 9001-2008 for such 4 functions on 27 January 2012

which has been effective until 26 January 2015. MRTA has conduct in compliance with quality manuals and procedures concerning quality

management and reviewed its performance to serve with requirement of ISO 9001:2008 by double check from external inspector (MASCI) who

found no errors. Notwithstanding, improvement has been done along with MASCI’s comments as well as suggestions from M.R.T. passengers

continuously. In addition, another project on quality management system (ISO 9001:2008) was to be developed to work for one more function

as Department of Land Acquisition under assistance of the National Productivity Institute.

In fiscal year 2013, a survey on passenger satisfaction on M.R.T. Chaloem Ratchamongkhon Line was done by NIDA. It was found

that 94.73% of passengers were satisfied with provision of service, and 96.34% were satisfied with security and rescue service. MRTA also

engaged “NIDA poll” to conduct survey on satisfactory on Park & Ride service which found 92% of service satisfaction .

3. Performance Evaluation To evaluate performance of organization under the MOU of state enterprise of fiscal year 2012, the government designated the

progress in operating MRT projects, ability to manage investment plan, use of resources and corporation between public sector as the key

indicators for operation under the policy. On the other hand, operating results concerning precision of service of M.R.T. Chaloem

Ratchamongkhon Line, the development of organization into knowledge organization and center for technology transfer on M.R.T. system and

satisfaction to measure on decreasing environmental impact from construction of Purple Line project : Bang Yai-Bang Sue Section, were

designated as key indicators under performance of stare enterprise. In term of corporate management which consisted of roles of Board

Directors, risk management, internal control, internal audit, information management, and human resource management were designated as

general indicators similar to other state enterprises. In fiscal year 2012, MRTA received total score of 3.7978 points, with 3.4308 for operation

under policy, 4.2832 for performance and 3.6622 for corporate management.


4. Significant Corporate Statistics and Data MRTA has developed and improved information systems for executives. The information has been improved and kept up to date so

that the system can be used for planning, determining operational guidelines, supporting decision making and improving the management

efficiency. MRTA has also collected, studied and analyzed data, and prepared reports on important statistics and data concerning operation of

the organization in various aspects such as number of passengers, train service, Park & Ride, income/expense, general information of

organization, and passenger number analysis report, etc.

5. Internal Control MRTA has realized the importance of internal controls and has taken into account for Regulation of the Auditor General on Standard

of Internal Control B.E. 2544 (2001). It has then formed an Internal Control Committee chaired by Deputy Governor (Strategy and Planning) to

regulate, monitor and evaluate internal controls of the organization. Thereafter MRTA Board of Directors also authorized Sub-Committee to review,

give advice and take any measures to solve problems for the control system.

In fiscal year 2013, MRTA continually evaluated internal control of various segments. All segments had to evaluate and review the

suitability and adequacy of internal controls on a quarterly basis. There was also monitoring on the progress of the implementation plan and

prepare a report on internal control monitoring. Monitoring of organizational performance needed to be done also comply with laws, regulations,

policies and procedures. As such, every segments has obliged to evaluate their performance to be in compliance with laws, regulation and

related policies accordingly. Moreover workshops on “Technique for the preparation and evaluation of internal control” was done to educate

employee who was responsible to work for internal control. Internal Control System had to be improved to be more effectively based on

observations of the State Enterprise Performance Appraisal Committee. Its progress was regularly reported to MRTA Board of Directors through

the Risk Management Committee and Audit Committee. Discussions were held between the internal Control Committee, the audit officer and

representative of the office of the Auditor General of Thailand to exchange view and suggestions concerning to internal control to make sure

that MRTA internal control was sufficient, efficient and effective so that the operation met its objectives and goals and could limit damage or

mistakes which may arise.

Environmental Management 1. Controlling and Supervising of Consultants for Environmental Analysis Report of MRT Projects under MRTA Assignment MRTA assigned the consultant to develop Environmental Import Assessment (EIA) report for MRT projects as required by relevant

laws. EIA report specified measures for prevention and reduction of environment import both during construction period and operation period

aimed to minimize the environmental import. In fiscal year 2013, MRTA controlled and supervised the performance of consultant, under the

approval of National Environmental Committee on 31 October 2012 as follows:-

(1) report on environmental impact assessment the Purple Line Project : Bang Sue - Samsen Section

(2) report on design modification the Green Line Project : Bearing - Samut Prakarn Section

(3) report on design modification the Green Line Project : Mo Chit - Sapan Mai Section (Case of design modification at Wat Phra Sri

Mahathat Wora Maha Wiharm)

(4) report on design modification the Green Line Project : Mo Chit - Sapan Mai - Lum Luka (specifically from Sapan Mai - Lum Luka 4)


2. Monitoring Environmental Impact of MRT under MRTA assignment MRTA has a policy to monitor performance of the concessionaire/contractor to be in compliance with measures on preventing and

reducing environmental impact assessment as specified in analysis report of project environmental impact. MRTA then nominated Working Group

and Committee to action as follows:-

1. Performance of Working Group for Controlling, Governing and Overseeing the Action on Preventing and

Reducing Environment Impact of M.R.T. Chaloem Ratchamongkhon Line.

MRTA issued an order no.377/2552 (2009) dated 8 December 2009 to appoint the Working Committee for Controlling, Governing

and Overseeing Compliance with Measures for Preventing and Reducing Environmental Impact for M.R.T. Chaloem Ratchamongkhon Line.

In the fiscal year 2013, there were one meeting which consider performance of preventing and reducing environmental effect and monitoring

the environmental impacts of MRTA and Bangkok Metro Public Company Limited Limited (BMCL) as follows:-

l No. 1/2013 (26 March 2013)

(1) Acknowledged complaints concerning the M.R.T. Chaloem Ratchamongkhon Line received from September 2012 - February 2013

(2) Acknowledged adjustment plan to prevent and reduce environmental impact of M.R.T. Chaloem Ratchamongkhon Line

(3) Considered issues concerning to control, governing and overseeing of operation under measures to prevent and reduce

environmental impact of M.R.T. Chaloem Ratchamongkhon Line from July - December 2013 and assigned to paticipants as follows:-

- Assigned BMCL to enhance cleaning measure to control the degree of bacteria at Hua Lamphong station to be under

control as required by standard of Guidelines for Good Indoor Air Quality in Office Premises, Ministry of the Environment, Singapore (1996) and

consider to apply this measure to other area where the level of bacteria and close to this standard. Furthemore, to present cleaning method to

working committee to acknowledge in the next meeting.

- As BMCL and MRTA had managed to strictly follow the Environmental Regulations and There is no significant compliant.

There fore MRTA had held a working committee meeting once a year. However , in case of imergency issue occur, a meeting should be held

accordingly.

2. Performance of Working Group for Controlling, Governing and Overseeing the Action on Preventing and

Reducing Environment Impact of The Purple line Project: Bang Sue Section

MRTA had an order no.402/2552 (2009) dated 21 December 2009 to appoint the working Committee for Controlling, Governing and

Overseeing Compliance with Measures for Preventing and Reducing Environmental Impact of the Purple Line Project : Bang Yai - Bang Sue

Section. In the fiscal year 2013, there were 4 meetings to consider the performance of preventing and reducing environmental effect and

monitoring the environmental impacts of MRTA and project contractors. The meetings can be summarized as follows:-

l No.3/2012 (24 October 2012)

(1) Acknowledged complaints from construction received from June-September 2012 and assigned relevant parties to take active

an follows

- CKTC JV to recolor the crosswalk to be distinctly clear.

- Report progress of unresolved complaint.

(2) Acknowledged result of monitoring of environmental quality of construction from June - September 2012.

(3) Acknowledget result of performence of contractor from July-October 2012.


l No. 1/2013 (28 January 2013)

(1) Acknowledged complaints from construction received from October - December 2012.

(2) Acknowledged result of monitoring of environmental quality during construction from October - December 2012 and made

assignments as follow :-

- CKTC JV to take action about preventing lime falls down to the cars at Wongsawang station.

- PCPL and SINO - THAI Engineering & Construction Co., Ltd. and PAR JV to proceed with comments and suggestions received

from people.

(3) Received the performance of contractors from November 2012 - January 2013 and assigned MRTA to record their

annual performance on environmental impact to award the certification.

(4) Acknowledged the results of monitoring of environmental performance of contractor between July - December 2012 as follows:-

1) Outstanding Award

- Contract 1 : 1 site at Wong Sawang station

2) Consolation Prize

- Contract 1 : 2 sites of Tao Poon and Bang Son Station

- Contract 2 : 3 sites of Bridge over Chao Phraya River, Bang Rak Yai and Bang Rak Noi Tha It station

- Contract 3 : 1 site of Park & Ride at Bang Rak Noi Tha It

l No. 2/2013 (5 June 2013)

(1) Acknowledged complaint from construction from January - May 2013

(2) Acknowledged result of monitoring of environmental quality during January - April 2013 .

(3) Reviewed performance of contractor from February - May 2013 and made assignments as follows :-

- MRTA to report statistical data of contractor performance on environment issue.

- CKTC JV to urgent solve problem of the lighting along barrier.

- Contractor to correct and act to environmental measures to minimize the impact to residential area.

l No. 3/2013 (26 September 2013)

(1) Acknowledged complaints from construction during June - August 2013 and made assignment as follows:-

- Installation of lighting along the alignment must be done after construction complete.

- Cleaning the road surface and making sign of the clean road when construction complete.

- Scaffolding and Safety net must be strong.

- Checking the road surface before opening to public use.

(2) Acknowledged monitoring of environmental quality during May - August 2013

(3) Reviewed the performance of construction from June - September 2013 and made assignments as follows:-

- Contractor to focus on public pedestrian and colored then in white and red over Barrier.

- Contractor to focus on cleaning outside Barrier and utility relocation work.

- MRTA was asked closely monitor on performance of contractor environment issue with Nonthaburi officers who needed to

check out environment impact.


3. Performance of Working Group for Controlling, Governing and Overseeing the Action on Preventing Reducing

Environment Impact of the Blie Line Project: Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections

MRTA issued an order no. 175/2554 (2011) dated 3 May 2011 to appoint Controlling Committee to Govern and Oversee the Preventive

Measures and Reduction of Environmental Impact of Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections. In the

fiscal year 2013, there were 3 meetings in which the Committee had reviewed for contractors action on preventing and reducing environmental

impact which could be summarized as follows :-

l No.4/2012 (8 November 2012)

(1) Acknowledged the complaints from construction during June - October 2012 with assignments as follows :-

- Contractor 3 and 4 asked to expedite solving the outstanding complaints

- All of every contractor had to focus on rehabilitating road surface before opening for use.

- CSCBL Consultant was to focus on examining road surface before reopening to public use.

- MRTA was to focus on designing of foundations size at the depot entrance to have less impact to residential areas.

- Contractor were asked to take care about store of materials located of the worksite to be in proper places and caused no

impact to public.

(2) Acknowledged construction technique of Wang Burapa Station, Contract 1.

(3) Acknowledged result of environmental quality during construction from July - October 2012.

(4) Acknowledged result of monitoring on performance of contractors from July - October 2012.

l No. 1/2013 (18 February 2013)

(1) Acknowledged the complaints from construction during November 2012 - January 2013.

(2) Acknowledged result of environmental quality during construction from November 2012 - January 2013 with assignments as

follows :-

- Contractor needed to focus on watering construction area to be in accordance with what had been reported in EIA to

minimize the impact on dust to nearby residents.

- Contractor needed to focus on preventive measure on environmental impact resulted from construction such as noise of the

steel plate being used for utility relocation.

- Contractor, PMCBL Consultant, and CSCBL Consultant was requested to take into considerations of any suggestions or

comments received from attitude survey from public and to put them into action.

(3) Acknowledged result of monitoring on Contractor performance from November 2012 - January 2013.

(4) The Committee has made resolution that MRTA should take into consideration of Committee’s comments and made them into

action especially on significant concept on ‘Universal Design” which is a concept in designing facility to serve everyone in society to be equally and

beneficially treated no matter who they are child, elderly or disabled person. Regardless of being disabled, they should live in the society with normal

people with provision for restrooms for handicapped, special navigating paths for the blind, elevators with extra push button for the visually impaired,

parking area for bicycle and smooth sidewalk renovation. Also, MRTA needed to focus on design concept of “Barrier Free Design”, for example,

constructing a sidewalk ramp at the ratio 1:12, setting up of placard not to block the walkway.


(5) Acknowledged the award of certification to contractors on their environmental performance during July - December 2012 as

follows :-


- Contract 4 : 2 sites which are Phasi Charoeng Station and the track line between Bang Kae to Lak Song


- Contract 3 : 1 site of trackway bridge across Chao Phraya River

- Contract 4 : 1 site of Bang Pai Station

l No. 2/2013 (30 July 2013)

(1) Acknowledged the complaints from construction during February - June 2013 and assigned PMCBL and CSCBL consultant

to control and monitor closely to have contractor solve the problems as follows :-

- Road surface effected from utility relocation in Bangkok Yai area needed to be reshaped as standard required.

- Provided the list of name of the responsible person who was in charge with supervisory work of construction in Bangkok

Yai area, including of MRTA staff, consultant and contractor to district officer.

- Traffic Management Plan for Tha Pra Station must be explained to Bangkok Yai officer district as well as public relation

signage and lighting signal for by pass signal along the barrier must be shown on the road.

- Complaint from Khun Vasana and Khun Srindhorn was asked to be solved and reported to Bangkok Yai District.

(2) Acknowledged result of environmental quality during construction from February - June 2013

(3) Reviewed result of monitoring on performance of contractors from March - July 2013 and assigned MRTA to present for

work adjustment from contractor.

(4) Acknowledged the award of certification to contractors on their environmental performance during January - June 2013 as

follows :-


- None


- Contract 2 : 3 sites of Intervention shaft 3 (from Sanam Chai to Israphab station), Israphab station and Cut and

Cover area of Tha Pra.

- Contract 4 : 2 sites of Bang Pai and Bang Khae station.

4. Perfomance of Working Group for Governing and Overseeing the Action on Environment Measure of the Green

Line Project: Bearing-Samut Prakarn Section

MRTA issued an order no.168/(2012) dated 20 March 2012 to appoint Monitoring Committee to Govern and Oversee the Environmental

Measures of the Green Line Project : Bearing Samut Prakarn Section. In the fiscal year 2013, there were 4 meetings in which the Committee had

reviewed about the contractors action on preventing and reducing environmental impact which could be summarized as follows :-

l No. 3/2012 (29 November 2012)

(1) Acknowledged the complaints from construction during August - October 2012 and made assignment as follows :-

- Contractor Needed to solve complaint about damaged car of Mr. Samrit caused by fallen metal plate during construction.

- GBSC consultant needed to strictly report about complaint solving and making clear understanding to the complaints.

- Correction of complaint relating to access of housing needed to be done only at the same area. Extra access if necessary

needed to be coordinated with Highway District of Samut Prakarn.


l No.1/2013 (7 February 2013)

(1) Acknowledged progress of action from Committee’s resolution in meeting no.3/2012 and made assignments as follows :-

- Contractor needed to strictly focus on strength testing of material to be used as barrier in construction area in order to

preventing car accident happening.

- Contractor needed to focus an minimizing noise level from construction as much as possible to avoid impact to residential area.

- MRTA was asked to submit the monitoring report on noise level from construction at Ieamcharoen Market to Office of the

Environmental Policy and Planning.

(2) Acknowledged the complaints from construction during November 2012 - January 2013 and made assignments as follows :-

- GBSC was required to transferred complaints of other project, if any, to relevant party.

- Contractor needed to solve problem of noise from steel plate being used for utility relocation.

(3) Acknowledged result of environmental quality during construction in December 2012.

(4) Reviewed the monitoring on performance of contractor in December 2012 - January 2013 and assigned contractor to proceed as

follows :-

- Strictly focus on Safety measure to have workers wear protective equipments. This was second time warning from the

Committee.

- Machinery needed to be in perfect condition. MRTA inspectors found some leakage of oil from old machine.

l No.2/2013 (26 April 2013)

(1) Acknowledged progress of action from Committee’s resolution in meeting no.1/2013 with comments that the contractor

need to resurface the road if steel plate was to be used for utility relocation.

(2) Acknowledged the complaints during contraction from February - March 2013.

(3) Acknowledged result of environmental quality during construction in March 2013.

(4) Reviewed monitoring of performance of contractor during February - April 2013 and assigned as follows :-

1) Contractor to proceed with Committee’s comment which are

- Give priority to clean dirt and sand along barrier to prevent spreading of dust.

- Report traffic accident statistics resulted from construction to the Committee.

- Install lighting pole on the outbound side of Sukhumvit road starting from the end of barrier to U-turn corner closing to Depot.

- Check road surface on Sukhumvit inbound road that was collapsed as a result of foundation construction.

- Submission of drawing of drainage system of Depot to Bang Pu District to be used to inform to people living nearby.

- Submission of progress report of construction in the metropolitan area of Bang Pu District to be publicized in journal.

2) MRTA was to monitor the performance of contractor as stated in EIA report clams (3) anality of Surface Water reading

“Construction area, parking space, material storage which was supposed to be empty space, without cover, should stabilize by planting

temporary crops or covered up with gravel” and report of monitoring in next meeting.

l No.3/2013 (24 July 2013)

(1) Acknowledged the complaints from construction during April - June 2013 and assigned the Contractor to check the road

surface along the line. If any damage occurred as a result of construction, it needed to be solved as soon as possible to prevent complaints

and accidents.

(2) Acknowledged result of environmental quality during construction in June 2013.


(3) Reviewed the result of monitoring on contractor’s performance during May - July 2013 and assigned the contractor to

proceed to Committee’s comments as follows :-

- Wasting water from utility relocation work should be pumped up from wells by car instead of letting it flow into road to

prevent flooding on road surface.

- Prevent flooding on the road at Poochaosamingprai intersection, clock tower and area in front of Depot towards Samut

Prakarn housing station.

- Public roads in construction area needed to be cleaned, especially at the Depot and along the barier in order not to be

stained from mud.

- Construction site of Park & Ride building needed to be examined as being claimed to be flooded when raining, to prevent

flow out of water to road.

- Keep the safe of pedestrians in crossing the road if the bridge was demolished.

- Accelerate solving the outstanding issues i.e.

1) Soil excavated from utility relocation was overflow off barrier at Maha Wong temple.

2) Materials used for utility relocation work needed to be kept in good manner not to block the sidewalk in front of Maha

wong temple and Government Saving Bank.

3) Damaged road from utility relocation in front of city hall in Samut Prakarn.

Memorandum of Understanding MRTA recognized the importance on human resource development, research development and innovation as well as strengthening the

exchange of Knowledge. In fiscal year 2013, MRTA has signed an MOU (Memorandum of Understanding) with three academic institutions which

are the Faculty of Engineering of Kasetsart University, Srinakarinwirot University and Naresuan University. The scope of educational cooperation

is to develop the human resource potential, research work and innovation and support the academic activities such as seminar and training.

Information Technology 1. MRTA has revised its master plan for information technology and communication for 2012 - 2014 (Revision 2) as the framework of

operation in information technology. In fiscal year 2013, MRTA has implemented activities according to said revision of master plan, for example,

revision on data needed to be presented in MRTA Department Operation Center (DOC) and in Executive Information System (EIS) its Term and

Reference completed, development for internal external MRTA website and single password completed, Term and Reference for Accountancy

and Finance system was under revision to serve the organization needs to have this two systems fully cooperative, development of risk management

as tools to support risk management operation and development of Human Resource Management (payment of welfare ……………………)

2. Sub-Committee for Security, Ministry of Information Communication Technology, approved and certified the MRTA Policy on

Information Technology and Security (ISO 27001). In fiscal year 2013, the Information and Technology (IT) Department has revised. The MRTA

Policy on Information Technology and Security (Revision 2) as the way of practice in securitization of IT and was officially announced to be

governed since 14 June 2013.

3. Arrangement of Business Continuity Plan : BCP. IT Department has used Business Continuity Plan to manage information system to


operate continually in case of emergency that affected to IT system. Such a plan determine important information system and data such as

operation steps, responsibility of relevant personnel, backup office outside MRTA. This plan will be implemented in emergency cases when IT

cannot provide its service. It will also prevent interruption of MRTA information technology operation as it will allow the information system to

remain accessible and minimize any negative impact on the information system.

4. Adjustment of website to be modern and more attractive with data updating to serve the need of public and MRT passengers to

receive correct complete and reliable news.

5. Installation of network connecting for Information System among various buildings of MRTA, for example, from the head office to

other buildings, Park & Ride building and other parking area to alleviate MRTA staff to be earily access into IT service.

6. Engagement into contract for renting of Computer system from fiscal year 2013-2015.

7. Engagement into contract for buying of Computer Network for fiscal year 2013 to serve enlarging need on IT to be more efficiency

and more safe.

8. Engagement into contract or maintenance work on computer, data network system and room center of computer for fiscal year 2013

to ensure the availability and efficiency of IT operation system.

Management of Safety, Occupational Health and Working Environment It is MRTA’s determination to systematically manage for safety, occupational health and working environment in compliance with rules,

regulations and international standard. MRTA then set the policy, objectives, standard and measure on occupational health and safety to cover

all activities of MRTA to enhance good working quality of MRTA staff.

In fiscal year 2013, MRTA undertaken lots of activities on safety, occupational health and working environment as required by law.

For example, fire preventing and extinguishing, monitoring and analyzing environmental condition in work place, MRTA staff health-checking,

training and orientation on promoting activities to safety, occupational health and working environment by checking work safety, exhibition,

technical visit and publication.

Additionally, MRTA has governed the civil works contractors of all project to manage for safety, occupational health and working

environment to be in compliance with standard by executing MRTA Safety Declaration in construction of MRT to be zero fatal (MRTA Safety

Declaration : Zero Fatal Accident). This aimed to set as standard and to create participation in management of safety as well as controlling

occurrence of accident and preventing impact to people and environment.

With Strong determination of MRTA staff and relevant parties including with the Committee for Safety, Occupational Health and Working

Environment to implement all aforesaid activities, MRTA was awarded the outstanding prize, with national degree, as the excellent organization

with safety, occupational health and working environment from Ministry of Labour.

Security, Fire Extinguishment and Rescue Training The Institute of Security, Fire Extinguishment and Rescue Training has provided training and dissemination of knowledge and service

skills on security, fire extinguishing, rescue and emergency management to MRTA staff and outsiders from other agency to develop knowledge

concerning security and to coordinate with other related work agencies.


Public Complaints MRTA received complaints from the public concerning M.R.T. Chaloem Ratchamongkhon Line service and implementation of MRT

extension projects via letters, phones, e-mail ([email protected]), newspaper and inquiry, which can be summarized as follows:

1. Summary of the fiscal year 2013

(1) MRTA made 1,248 replies to the public concerning mainly to mass rapid transit projects under MRTA responsibility.

(2) The number of complaints were 290 related to the M.R.T. Chaloem Ratchamongkhon line and construction of the Purple Line

Project : Bang Yai - Bang Sue section and Bang Sue - Ratburana section, the Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha

Phra section, the Green Line Project : Bearing - Samut Prakarn Section, and the Pink Line Project : Khae Rai - Min Section.

2. MRTA has hired NIDA to conduct a survey on the satisfaction of passengers in M.R.T. Chaloem Ratchamongkhon line service. The

result of survey revealed that 94.7% of passengers satisfied with MRT service, 89.5% of people living in Bangkok recognized and trasted in

MRTA organization, 75.5% of people satisfied with environmental impact reducing measures of the Purple Line Project, Blue Line Project and

Green Line Project and 90.1% of passengers along the line have better quality of life.


Conflicts of Interest Prevention Policy

Guidelines for reporting conflicts of interest As the MRTA fully realizes the need for good governance and has set forth the definitions and the list of items regarded as conflicts of

interest so that the members of the management team and staff can avoid any acts which would be in conflict with MRTA’s interest. MRTA,

therefore, has established the following guidelines for the members of the management team and staff to follow:

Conflicts of Interest means 1. A conflict of Interest means the situation in which one person has a role, duty, and/or any other relationships with objectives or

interest in conflict with his duty in the organization, resulting in the lack of freedom and neutrality in his work performance. The conflict may

result from his personal interest that is not in conformity with the organization’s interest, putting him in a dilemma which may obstruct the

organization’s maximum interest and may lead to corruption and malpractice.

2. A conflict of Interest means any relationship which prevent the organization to achieve the maximum possible interest. The conflict of

interest may put the staff member in bias position and may prevent him from performing his duty honestly.

Examples of items regarded as conflicts of interest:

- Use of MRTA’s classified information for personal interest or to deliberately bring

- Holding a stake in a firm which is either does with to MRTA or has a contract with MRTA,

- Asking for or taking benefits from contractors, business operators, suppliers, or service providers or any persons or organizations who

have business dealings with MRTA.

- Working for or being a member of the Board of Directors of some other organizations which compete with or which operate a

business with conflicts of interest against MRTA.

- Taking or giving benefits that lead to any act in conflict of MRTA’s interest. Reporting when a case of conflict of interest is

found

When a case is found to be a possible cause a conflict of interest, the party concerned must report promptly to the superior, giving

the details concerning:

1. Relationship between persons or firms related to MRTA

2. Pricing policy between those firms, to enable MRTA to consider whether the pricing between them is appropriate

3. Guarantees Terms and to enable MRTA conditions, to consider whether there is a conflict of interest

4. Value of all the transactions

When there is a case which can be regarded as causing a conflict of interest, every staff member or employee shall immediately report

to the superior and report to the management. Moreover, before the year end, every staff member shall certify the report of conflicts of

interest.


Policy on Good Governance

Policy on Good Governance For the purpose of effective improvement of the organization, with good management system trustworthy to the people, and with

sustainable growth, the MRTA Board of Directors has established the following policy for good governance:

1. To hold on to the crucial principles of good governance, i.e. Accountability, Responsibility, Equitable Treatment, Transparency, Value

Creation, and Ethics,

2. To practice in accordance with the crucial principles of good governance relentlessly and continuously,

3. To support and enhance the practice on good governance in order to achieve continuous improvement,

4. To monitor and assess the outcome of enhancement and improvement of the operation in order to make the organization a leading

state enterprise in the category of good governance.

Activities on Enhancement of Good Governance In the fiscal year, 2013 MRTA has taken various forms of activities to enhance better governance of the organization by establishing a

roadmap to the good-governance organization and the sub-committee for has approved the mentioned roadmap in principle, with comments that

the roadmap be improved for better clarity and a project for improvement of work system on good governance be established,

Including :-

- Establishment of a training curriculum for the management team at the level of department heads and writing of articles on good

governance for distribution in the organization’s internet.

- Organizing the 2013 CG Day activities concentrating on combination of good governance, corporate social and responsibility (CSR),

and anti-corruption activities, under the “CLEAN & GREEN” concept. Moreover, technical visits to learn about MRTA’s business have

been arranged for the sub-committee for good governance, the sub-committee for establishment of agreement for assessment of

MRTA’s performance results, the sub-committee for risk management, and the sub-committee for assessment of performance results

of MRTA’s Governor with reference to the employment contract, in order to create knowledge and betterunderstanding of MRTA

operation.

Tangible Achievements MRTA’s operation has been based on the crucial principles of good governance. Assessment of MRTA’s operation for 2013 in accordance

with the good governance index concludes that MRTA has performed in compliance with the 2009 guidelines for good operation of state

enterprises set forth by the State Enterprise Policy Commission. The score is 96.2 % which is regarded as very high.


Corporate Social Responsibility Policy 1. Promote and support social development by improving the people’s quality of life and encouraging the staff and employees to

provide services to the community and to the society voluntarily.

2. Join hands with the communities along the route of the mass transit project in conservation of arts, culture, and traditions of the

Thai nation to retain their beauty sustainably.

3. Every step of project implementation and design study and construction shall be carried out with awareness of environmental impacts

and with campaign for sustainable conservation of the environment.

4. Promote education for the staff and employees including children of the staff and employees, and support the operation of the

schools along the route of the mass transit projects by the concept of “HTS” (home, temple, school).

Implementation Results In addition to operating the organization by the principles of good governance and demonstrating responsibility to the customers by

providing efficient railcars based on the international standard, MRTA has implemented the project of social and environmental responsibility

specifically, in order to demonstrate the determination and intention on social and environmental responsibility, which comprises Community

Involvement and Development. For example, the project on promotion of traditions and culture of the communities along the mass transit project

routes, supporting children and youths by giving scholarship and promotion of knowledge on the railcar system, enhancement of quality of life

and community by organizing mobile campaign units, community development projects, etc., environmental conservation projects such as MRTA

bicycling to conserve energy and conserve the environment. Moreover, there have been activities on promotion of voluntary spirit and ethics of

the staff such as organization of ethics promotion week, chanting, attending Buddhist mass, alms giving, etc., including promotion of sports and

recreation such as state enterprises games, in-house games, etc., and other social activities such as blood donation, Happy Workplace activity,

career support for the eye-sight handicappers, etc. The mentioned activities have been carried out jointly with other public and private

organizations.

Corporate Social Responsibility Policy and Implementation Results


Coporate Social Responsibility Activities

MRTA joined blood donation MRTA with the National Blood Center of the Thai Red Cross Society joined merit-making by donating blood to the Thai Red Cross Society. The staff and contract staff from MRTA as well as the Bangkok Metro Public Company Limited (BMCL) joined the blood donation. This is held 4 times a year.

MRTA handed over donation to the Chaipattana Foundation On 1 March 2013 the Crown Princess Maha Chakri Sirindhorn Grantei Audieng to Miss Rachanee Tripipatkul, Chairperson, of the MRTA Board of Directors and Mr.Yongsit Rojsrikul, MRTA Governor along with MRTA executives to offer funds received from the MRTA’s 19th Anniversary in 2012. A total of 1,097,900 baht was donated to Chaipattana Foundation. From MRTA 20th anniversary in 2013, a total of Baht 1,012,400 was donated to the Fund for Development of Children and Youth in Remote Area, at Dusidalai Hall, Royal Chitralada Palace.

MRTA opened a pilot Facilities and Servicesfor Disabled project On 4 April 2013, Mr.Chadchart Sittipunt, Minister of Transport, presided over the opening of open a pilot Facilities and Services for Disabled project. He was welcomed by Police General Vichian Pojposri, Permanent Secretary, Ministry of Transport, Ms.Thitima Chaisaeng, Secretary of the Minister of Transport, Mr.Ronnachit Yamsa-ard, MRTA Deputy Governor (Operation) and Mr.Chaiwat Utaiwan, Managing Director, Bangkok Metro Public Company Limited (BMCL) at Ladprao MRT station. The mentioned project is a policy of the Ministry of Transport (MOT) to have 6 MOT agencies developing facilities for disabled people, to provide greater convenience and encourage them to use public transport.


MRTA held a second MRTA Volunteer Spirit, Develop Communities On 30 August 2013, Mrs.Kritaya Sumitanant, MRTA Deputy Governor (Administration) presided over of opening of MRTA Volunteer Spirit, Develop Communities at the small-children center, Sirindhorn campus, Princess Sirindhorn’s College, under the patronage of the Crown Princess in Samutprakarn Province and at the center for disabled people, Siriwattana-Cheshire Foundation under the Queen’s patronage, situated on the Green Line Project:, Bearing-Samut Prakarn section. The aim was to build good relationship between MRTA and the people living along the MRT line. MRTA’s executives and staff participated in the event. Learning materials, shoe shelves painting, mowning grass were given, children playground items, were repainted Landscaping the Royal Highness reception garden and taking care of the disabled.

MRTA organized Happy Workplace activities to support occupations of blind people On 13 June 2012, MRTA organized Happy Workplace activity to encourage people to take care of their health and support occupations of the blind people. Where the blind messeurs (from the Caufield Foundation under the patronage of the Crown Princess Maha Chakri Sirindhorn) professionally massaged MRTA staff. In this occasion Mr.Yongsit Rojsrikul, MRTA Governor offered funds for the service to the foundation’s representative. This activity was held on Thursday, twice a month, in June-August 2013.

MRTA organized an activity MRTA for Biking, Reduce Energy Use, Protect Environment On 18 August 2013, Mr.Chardchart Sittipuht, Minister of Transport, presided over of the opening ceremony of MRTA for Biking, Reduce Energy Use, Protect Environment for MRTA 21st anniversary at MRTA office. He was welcomed by Miss Rachanee Tripipatkul, Chairperson, of the MRTA Board of Directors and Mr.Yongsit Rojsrikul, MRTA Governor. MRTA subsequently donated funds the Fund for Development of Children and Youth in Remote Area under the patronage of the Crown Princess Maha Chakri Sirindhorn.

MRTA held an activity MRTA Volunteer Spirit,Develop Communities at Thepakorn Temple community On 2 August 2013, Mr. Peerayudh Singhapatanakul MRTA Deputy Governor (Engineering and Construction) presided over the opening ceremony of MRTA Volunteer Spirit, Develop Communities at Thepakorn Temple community which is situated on the Blue Line Project: Bang Sue - Tha Pra section. The executives and staff of MRTA as well as people in the community joined the activity by improving the sport court yard and the children playground landscape as well as donating learning materials to the Thepakorn pre-school children center.


Important Activities

MRTA signed the 6th construction contract(trackwork) of the Purple Line Project, section On 4 October 2012, Mr.Charuphong Ruengsuwan, Minister of Transport, presided over of the 6th construction contract signing ceremony (civil work) of the Purple Line Project, Bang Yai-Bang Sue section, between MRTA and Italian-Thai Development Public Company Limited. Mr.Yongsit Rojsrikul, MRTA Governor, signed the contract with Mr.Tawatchai Suttiprapa, a representative of Italian-Thai Development PLC. The contract value for the construction was 3,585 million baht. Miss Rachanee Tripipatkul, Chairperson, MRTA Board of Directors joined in as a witness.

Chairperson of MRTA Board of Directors accompanied the members of the press to visit the Purple Line Project, Bang Yai-Bang Sue section On 1 November 2012, Miss Rachanee Tripipatkul, Chairperson of the MRTA Board of Directors took members of the press to visit the Purple Line Project, Bang Yai-Bang Sue section to attend the presentation MRTA’s field office building (first contract). Then they visited the station at Nonthaburi 1 intersection. Mr.Vichian Puttivinyu, Nonthaburi province Governor and Pliew Triwissavavet, Chairman of the Board of Directors and Managing Director at Ch-Karnchang Plc. welcomed the members of the press.

MRTA organized an academic seminar on developing MRT system sustainably On 7 November 2012, Police General Vichian Pojposri, Permanent Secretary, Ministry of Transport, presided over the opening ceremony of an academic seminar on sustainable Development of Mass Rapid Transit System. Miss Rachanee Tripipatkul, Chairperson, of the MRTA Board of Directors and Mr.Yongsit Rojsrikul, MRTA Governor, along with MRTA executives and staff, representatives from related governmental/state enterprise agencies, private sector and academic sector, participated in the seminar, at Swissotel Le Concord hotel, Bangkok.

MRTA held an orientation meeting to gather opinions from the people living on the Orange Line Project, Talingchan-Min Buri section On 13 November 2012, Mr.Yongsit Rojsrikul, MRTA Governor, presided over opening ceremony of an orientation meeting to gather the people’s opinions on the feasibility study review, design and bidding-document-preparation project, and on implementation in compliance with the 1992 Act on private sector involvement in the governmental business for the Orange Line Project, Taling Chan-Min Buri section. Organizations from the public sector, private sector, local administration organizations and interested people participated at Baiyok Sky hotel.


The Prime Minister acted as a chairman in a ceremony to start running Chaopraya tunnel drill machine, the Blue Line Project,: Hua Lamphong Bang Kae and Bang Sue–Tha Pra sections On 24 January 2013, Miss Yingluck Shinawatra, Prime Minister, presided over the opening ceremony to start running Chaopraya tunnel boring machine of the Blue Line : Project Hua Lamphong-Bang Kae and Bang Sua-Tha Pra (contract 2) at the Cut and Cover construction site, Tha Pra field office, Petchkasem Road, Bangkokyai sub-district, Bangkok. Mr.Chadchart Sittipunt, Minister of Transport, Police General Vichian Pojposri, Permanent Secretary, Ministry of Transport, Miss Rachanee Tripipatkul, Chairperson, MRTA Board of Directors and Mr.Yongsit Rojsrikul, MRTA Governor, along with MRTA executives welcomed the Prime Minister.

MRTA organized a workshop, topic “Role of the governmental sector to jointly develop Mass Rapid Transit system” On 1 February 2013, Mr.Chadchart Sittipunt, Minister of Transport presided over the opening ceremony of a workshop on “Role of the governmental sector in jointly develop Mass Rapid Transit system” at meeting room 2, 9th floor, MRTA office building. Police General Vichian Pojposri, Permanent Secretary, Ministry of Transport, reported the project and Mr.Yongsit Rojsrikul, MRTA Governor, along with MRTA executives welcomed the Minister. There were around 200 participants from under the Ministry of Transport, other related agencies and the private sector.

The Minister of Transport examined the construction of the Purple Line MRT project, Bangyai-Bangsue section On 16 March 2013, Mr.Chadchart Sittipunt, Minister of Transport, visited the construction sites of the Purple Line Project, Bang Yai-Bang Sue section. Mr.Peerayudh Singpatanakul, MRTA Deputy Governor (Engineering and Construction) welcomed him at the construction site of Depot, Klong Bangpai station, the Purple Line Project, : Bang Yai-Bang Sue section.

MRTA signed a construction contract (trackwork, second contract), the Green Line Project, Bearing-Samut Prakarn section On 11 April 2013, Miss Rachanee Tripipatkul, Chairperson, of the MRTA Board of Directors presided over the signing ceremony of the construction contract (trackwork, second contract), the Green Line Project,: Bearing-Samut Prakarn section, between MRTA and Ch-Karnchang PLC. Mr.Yongsit Rojsrikul, MRTA Governor signed the contract with Mr.Priew Triwissavavet, Chairman, Board of Directors and Managing Director, Ch-Karnchang PLC. The contract value was 2,400 million baht. The second contract is the design and construction of trackwork. Which includes the provision of trackwork, points and crossings, third rail power collector and second pour concrete plinths or slabs for elevated section, and tracks in the Depot, etc. The period of construction is 1,350 days.


MRTA organized an orientation meeting for the Purple Line Project : Tao Poon–Rat Burana section On 30 April 2013 at Kasatsuek meeting room, 4th floor, Twin Tower hotel, Mr.Yongsit Rojsrikul, MRTA Governor, presided over the opening ceremony of an orientation meeting on the feasibility study review, design work and tender-document-preparation project, and proceed to the Public-Private Partnership Act B.E. 2535 (1992) the Purple Line Project: Tao Poon-Rat Burana section. The aim was to gather the public’s opinions. There were about 500 participants from the public sector, private sector, local administration agencies, independent organizations and interested people.

MRTA held a Focus Group meeting, topic “Developing Mass Rapid Transit system and high-speed train, and case study of the Airport Rail Link, extended section Bangkok-Rayong” On 31 May 2013, Mr.Choosak Gaewee, Deputy Permanent Secretary, Ministry of Transport, presided over the Focus Group meeting, on “Developing Mass Rapid Transit system and high-speed train, and case study of the Airport Rail Link, extended section Bangkok-Rayong”. It was held at meeting room 2, 9th floor, MRTA office building. The participants were Mr.Yongsit Rojsrikul, MRTA Governor, Mr.Prapat Chongsanguan, State Railway of Thailand Governor, Mr.Jamroon Tangpaisarnkij, Chairman, Board of Directors, State Railway of Thailand Electrified Train Company Limited (SRTET), a representative from the Office of Transport and Traffic Policy and Planning, Mr.Witoon Hatairattana, Bangkok Metro Company Limited (BMCL), a representative from Bangkok Mass Transit System Public Company Limited (BTSC), representatives from the Faculty of Engineering of Chulalongkorn University, Kasetsart University, King Mongkut’s Institute of Technology Ladkrabang (KMITL), King Mongkut’s University of Technology Thonburi (KMUTT), Thailand Development Research Institute (TDRI), The Engineering Institute of Thailand under H.M. the King’s Patronage, and executives and experts from Siemens AG Germany.

MRTA was presented with the 2013 National a Good Business award on the aspect of security, hygiene and good environment on a national scale of 2013 On 5 July 2013, Mrs.Kritaya Sumitanant, Deputy Governor (Administration), acted as MRTA representative to receive the 2013 National Good Business award on security, hygiene and good environment for from Mr.Atit Issamo, Director General, Department of Labour Protection and Welfare. This was held on the 27th National Work Safety Week of 2013 at BITEC Exhibition and Conference Center, Bangna.


MRTA organized the 1st seminar to gather public opinion on the Yellow Line Project: Lad Prao-Samrong section On 23 August 2013 at Maple hotel, Srinakarindra road, Bangna sub-district, Bangkok, Mr.Yongsit Rojsrikul, MRTA Governor, presided over the opening of the first seminar to gather the public opinion on feasibility study review, design work and tender-document-preparation project of the Yellow Line Project: Lad Prao-Samrong to gather the public opinion. There were about 500 participants from the public sector, private sector, local administration organizations, independent organizations and interested people.

MRTA signed a concession contract for the Purple Line Project: Bang Yai–Bang Sue section On 4 September 2013, Miss Rachanee Tripipatkul, Chairperson of the MRTA Board of Directors, presided over the signing ceremony for the concession contract for investment, M&E system and O&M (fourth contract) for Klongbangpai-Tao Poon station, the Purple Line Project: Bang Yai Rat Burana, between MRTA and Bangkok Metro Public Company Limited (BMCL). Mr.Yongsit Rojsrikul, MRTA Governor signed the contract with Mr.Pliew Triwissavavet, Chairman, Board of Directors, BMCL. The contract value was Baht 82,625 million.

MRTA held a seminar “MRTA and limitations on making use of expropriated real estates: Obstacles, problems and solutions” On 15 August 2013, Mr.Yongsit Rojsrikul, MRTA Governor presided over the opening of a seminar on “MRTA and limitations on making use of expropriated real estates: Obstacles, problems and solutions” at meeting room 2, 9th floor, MRTA office building. The participants were from related organizations, namely, Ministry of Finance, Office of the Council of State, Office of the Permanent Secretary of Ministry of Transport, The Secretariat of the Cabinet, Compensation Appeal Bureau of Ministry of Transport, Office of the National Economics and Social Development Board, Bureau of Budget, State Enterprise Policy Office, Public Debt Management Office, etc.


MRTA Board of Directors is aware of the Board’s responsibility to ensure that the financial report is prepared in compliance with the

generally accepted accounting principles. Consideration of appropriate accounting policies to be regularly implemented, reasonability, and prudence

have also been included in the preparation of the financial statements. Essential information was sufficiently and transparently disclosed in the

notes to the financial statements for the fiscal year 2012, which the auditor (Office of the Auditor General of Thailand) has reviewed and

provided opinion on in the auditor’s report.

MRTA Board of Directors values and has implemented good governance, and maintained risk management and internal control systems

to ensure accuracy, completeness and adequacy of financial information, to order to maintain assets and prevent fraud or significant irregularities.

MRTA Board of Director has appointed the Audit Committee, consisting of independent members, to oversee the quality of financial

statements and the performance of internal control system and internal audit function. The Committee’s comments have already been shown

in the Report of the Audit committee in this annual report.

MRTA Board of Directors concludes that MRTA financial statements for the year ended 30 September 2012 and 2011 jointly reviewed

by the management and the auditor represent the accurate, credible and reasonable financial position, performance and cash flows in accordance

with the generally accepted accounting principles, reflecting MRTA’s transparent and adequate disclosure of information and compliance with

applicable law and regulations.

Report of MRTA Board of Director’s responsibility to the financial report

(Miss Rachanee Tripipatkul)

Chairperson of the MRTA Board of Directors

(Mr. Yongsit Rojsrikul)

Governor of Mass Rapid Transit Authority of Thailand

Audit fee “The Mass Rapid Transit Authority of Thailand Act B.E. 2543 (2000), Chapter 6 Finance, Accounting and Auditing, Section 68 provides

that “MRTA shall prepare a balance sheet, an operating account and an income statement and submit them to the auditor within one hundred

twenty days as from the end of the accounting year and Section 69 provides that “the Office of the Auditor General of Thailand shall audit and

review for certifieation of MRTA’s accounts and finance within forty-five days as from the date of receipt of such financial statements.”

The Mass Rapid Transit Authority of Thailand (MRTA) is an agency to be audited by the Office of the Auditor General of Thailand under

the Organic Act on State Audit B.E. 2542 (1999) Section 4, Therefore, the Office of the Auditor General o f Thailand has the auditing duty under

Section 39 (2) of the same Act, with the audit fees for the fiscal year 2013 prescribed at Baht 600,000 (six hundred thousand baht only)

excluding other expenses relating to performance of duties.


Report of the Audit Committee for the Fiscal Year 2013

MRTA Board of Directors issued an order no.6/2013, dated 3 January, 2013 to appoint the Audit Committee comprising (1) Mr. Voravidh

Champeeratana Committee Chairman (2) Mr. Rapeepan Sariwat Member (3) Mr. Thana Vichaisarn Member (4) Director of Audit office

Secretary (5) Director of Accounting and Finance Audit Division Assistant Secretary

MRTA Board of Directors issued an order no.189/2013, dated 9 April, 2013, to appoint a member in the Audit Committee and a

consultant of the Audit Committee by appointing Mrs. Pranee Sariwat Board of Directors of MRTA is an Audit Committee member to replace

Mr. Rapeepan Sariwat, and appointing Ms. Souvanit Luangaroonrung, who is an Advisor to the Board of Directors, as an advisor of the Audit

Committee.

The Audit Committee has the authority to review credibility of financial statements, review management report, MRTA operation report,

conflict of interest transactions and compliance with rules, regulations, the Cabinet’s resolutions and policy of MRTA Board of Directors. It must

submit reports to MRTA Board of Director at least once every quarter. For the fourth quarter, they must be presented as an annual operation

result report. This is in accordance with the Ministry of Finance’s regulation on audit committees and internal audit units of state enterprises,

year 2012.

In fiscal 2013, the Audit Committee focused on good governance in the Mass Rapid Transit Authority of Thailand and independence in

offering opinions. The Audit Committee held 5 meetings, to which executives and officers from the Auditor-General Office and other related

parties were invited to clarify and offer additional information on significant matters. Operating results and recommendations for improvement

can be summarized as follows:

(1) Review correctness and reliability of the quarterly financial reports, reports on MRTA budget requisition and financial management.

Officers from the Auditor-General Office in charge of the MRTA financial statements were invited to share their observations from their audit

and opinions.

(2) Review appropriateness, sufficiency and effectiveness of the internal control system, review audit reports, audit procedures, offer

suggestions to improve procedures or solve audit-related problems and obstacles, and assess the audit of different fields in MRTA according to

the procedures and standards generally recognized,

(3) Review MRTA operation on train services, security and maintenance of facilities in accordance with standards, especially supervision

and supervision effectiveness of the services of MRT Chaloem Ratchamongkhon Line by the concessionaire, readiness in security and rescue

operation, operation efficiency as well as related problems and obstacles,

(4) Review compliance with polices, rules, regulations, Cabinet resolutions and other related laws,

(5) Support disclosure of MRTA information in case of interrelated transactions or conflict of interest transactions,

(6) Consider the compliance report in line with the Audit Committee’s recommendation for the fiscal year 2012.

(7) Consider the good governance report of the Audit Committee in quarter 1,2 and 3.

(8) Approve the 3-year audit plan (fiscal year 2014-2016) and the audit plan of fiscal year 2014 (October 2013-September 2014) of MRTA.

(9) Verify and improve the charter of MRTA Audit Office for the fiscal year 2013.

(10) Review the charter of MRTA Audit Committee of fiscal year 2013.

(11) Review and amend the internal audit manual for the of fiscal year 2013-2014.

(12) Acknowledge the annual summary report on the auditing for the fiscal year 2012 (October 2011-September 2012)

(13) Acknowledge the Report of the Review of internal control evaluation by the internal auditor (form Por Sor.) of fiscal year 2012

(October 2011-September 2012)

(14) Acknowledge the compliance with the criteria of and production and presentation methods of the income/expense account of the

projects that individuals or entities are contract partners with governmental agencies for 2011. MRTA has submitted it to the Office of the

National Anti-Corruption Commission since April 1 - September 30, 2012.


(15) Acknowledge the evaluation results from : the Audit Committee’s Satisfaction Evaluation form Audit Committee and the evaluation

of the Audit Committee’s Secretary of fiscal year 2012

(16) Acknowledge MRTA’s risk management report.

(17) Acknowledge the Internal Control Operation’s Progress Report

(18) Acknowledge the result of the discussions with officials who have approval authority in disclosing the budget.

(19) Acknowledge the evaluation of compliance with the laws, rules and regulations related to each area of responsibility for fiscal year 2012.

(20) Acknowledge the evaluation of the MRT Project consultants work practice by the Audit Office, assigned by MRTA Governor.

(21) Acknowledge the audit result of the inventories for fiscal year 2012.

(22) Acknowledge the operation result report of the Audit Committee for the fiscal year 2012 Acknowledge or provide suggestions

on other issues.

The Audit Committee already reported the operation result to The MRTA Board of Directors to acknowledge regularly and continuously

within the specified timeframes. Herewith, we would like to report the summary of the Audit Committee’s governance that with great responsibility,

it carried out the assigned works with prudence, independence and fairness, using all its know leoge and ability. It also candidly provided opinions to

all departments for the benefit of MRTA.

(Mr. Voravidh Champeeratana)

Chairman of the Audit Committee

September 2013

Report from the Recruitment & Selection Committee MRTA’s Recruitment & Selection Committee met to select the MRTA Governor who was appointed by the MRTA Board of Directors

per the MRTA Act B.E. 2543, Section 20 and Standards for State Enterprise Board of Directors and Staff Act B.E.2518, Section 8.4 and its

additional amendments. The latter Act specifies that “in hiring and appointing the executives of a state enterprise, the board of directors of that

state enterprise shall appoint a Recruitment & Selection Committee which should have five members who must have appropriate qualifications

and no prohibited traits as described in Section 8.3, number (1) (3) (4) (5) (6) and (12). The Committee did not meet during the Fiscal Year 2013.


Proposing to the Mass Rapid Authority of Thailand’s Board of Directors

The Office of the Auditor General (OAG) has audited the Mass Rapid Authority of Thailand’s (MRTA) financial statements as at 30 September 2013 which consist of: - Balance Sheets Presenting Investments under Equity Method - Separate Balance Sheets Statements Presenting Investments under Cost Method - Comprehensive Income Statements Presenting Investments under Equity Method - Comprehensive Income Statements Presenting Investments under Cost Method - Separate Statement of Changes in Equity Presenting Investments under Equity Method - Separate Statement of Changes in Equity Presenting Investments under Cost Method Separate Statement of Cash Flows Presenting Investments under Equity Method - Separate Statement of Cash Flows Presenting Investments under Cost Method In addition to the above statements, our Audit Report includes Notes to Accounts, summary of important accounting policies and other notes.

The Management’s Responsibility for the Financial Statements It is the Management’s responsibility to prepare and propose these financial statements to ensure that they are correct and conformed with the generally accepted financial reporting principles. The Management is also responsible for internal control matters that it considers to be necessary for the preparation of financial statements which are free of material misstatements even if deceptions or mistakes occurred.

The Auditor’s Responsibility for the Financial Statements The Office of the Auditor General’s responsibility is to express an opinion on the above financial statements based on our audit results. The OAG has conducted its audits in accordance with the generally accepted auditing principles which specify that we conduct audits in line with its ethical codes. These require us to plan and conduct the audits so that we gain reasonable assurance that such financial statements are free of material misstatements. The audits included the audit methods that would yield auditing evidence on amounts of money and information disclosures in the financial statements. The audit methods used were selected at the auditor’s discretion including risk assessments of material misstatements of financial statements even if deceptions or mistakes occurred. In evaluating the said risks, the auditor examined all internal controls related to the preparation and presentation of the financial statements whether they were correct and conformed with the operations. The objective was to correctly design the audit method appropriate for each circumstance; not to express an opinion on the effectiveness of MRTA’s internal controls. The audits included the assessments of both the appropriateness of accounting principles and the reasonableness of estimates used by the management as well as the overall evaluation of the financial statements presentation. The OAG believes that the audit evidence that we have received is sufficient and appropriate to be used as guidance to express our opinion.

Opinion In the Office of Auditor General’s opinion, the above financial statements correctly presented the Mass Rapid Authority of Thailand’s operating results and its cash flows for the year ended as at 30 September 2013 and in conformity with the generally accepted accounting principles.

Auditor’s Report

(Mrs Klednathee Manosanti)Director of Financial Audit Office No.5

(Mrs. Krittiyaporn Petchuay)Group Director


Financial Statements ShowingInvestment under Equity Method

Separate Financial Statements ShowingInvestment under Cost Method

Unit : Baht

Notes 2013 2012 2013 2012 (improve) (improve)

AssetsCurrent Assets

Cash and cash equivalents 6.1 1,233,924,854.92 1,072,112,088.60 1,233,924,854.92 1,072,112,088.60

Trade and other receivables 16,629,713.62 30,416,530.44 16,629,713.62 30,416,530.44

Receivable government subsidies 6.2 742,340,417.23 373,514,877.62 742,340,417.23 373,514,877.62

Land acquisition cost in process 6.3 91,503,984.30 89,663,903.99 91,503,984.30 89,663,903.99

Account deposit - land acquisition deposit 6.4 1,172,794,362.95 1,288,575,135.86 1,172,794,362.95 1,288,575,135.86

Other current assets 6.5 212,344,573.31 132,075,175.93 212,344,573.31 132,075,175.93

Total current assets 3,469,537,906.33 2,986,357,712.44 3,469,537,906.33 2,986,357,712.44

Non-current Assets

Advances 6.6 7,089,999,224.06 8,318,686,450.09 7,089,999,224.06 8,318,686,450.09

Investment in associated undertakings 6.7 820,143,691.76 1,008,015,017.51 2,987,500,000.00 2,987,500,000.00

Expenses for land acquisition 41,988,200.00 39,578,421.95 41,988,200.00 39,578,421.95

Land, building and equipment 6.8 38,003,309,072.16 37,599,743,157.87 38,003,309,072.16 37,599,743,157.87

M.R.T. Chaloem Ratchamongkhon

assets 6.9 60,664,218,361.74 62,541,708,711.84 60,664,218,361.74 62,541,708,711.84

Work in process 6.10 48,378,433,973.91 28,340,215,414.47 48,378,433,973.91 28,340,215,414.47

Intangible assets 6.11 13,709,274.06 18,521,336.94 13,709,274.06 18,521,336.94

Right to use project contruction space 6.12 1,771,613,980.45 1,573,114,724.95 1,771,613,980.45 1,573,114,724.95

Deferred long-term leasehold 6.13 37,552,512.66 40,084,142.82 37,552,512.66 40,084,142.82

Financial derivatives 6.14 991,923,969.63 - 991,923,969.63 -

Total non-current assets 157,812,892,260.43 139,479,667,378.44 159,980,248,568.67 141,459,152,360.93

Total Assets 161,282,430,166.76 142,466,025,090.88 163,449,786,475.00 144,445,510,073.37

Balance Sheet Mass Rapid Transit Authority of ThailandAs at September 30, 2013

(Mr. Yongsit Rojsrikul)Governor of Mass Rapid Transit Authority of Thailand

(Mr. Dhanasarn Suravudhikul)Chief Financial Officer

The accompanying note are an integral part of these financial statements.


Balance Sheet Mass Rapid Transit Authority of ThailandAs at September 30, 2013


Unit : Baht

Liabilities and Equity

Current Liabilities

Account payables in process 6.15 3,986,002,210.11 2,413,762,414.85 3,986,002,210.11 2,413,762,414.85

Other account payables 6.16 184,531,927.58 100,547,836.16 184,531,927.58 100,547,836.16

Long-term loans due in one year 6.19 2,714,665,613.08 4,362,252,204.64 2,714,665,613.08 4,362,252,204.64

Accrued interest 6.17 598,001,129.10 339,690,274.14 598,001,129.10 339,690,274.14

Unearned rental right revenue 6.18 2,390,510.50 2,542,259.25 2,390,510.50 2,542,259.25

Accrued land acquisition expenses 91,503,984.30 89,663,903.99 91,503,984.30 89,663,903.99

Land acquisition deposit in process 1,172,794,362.95 1,288,575,135.86 1,172,794,362.95 1,288,575,135.86

Contract insurance

and work result insurance money 498,280,268.09 587,675,429.92 498,280,268.09 587,675,429.92

Other current liabilities 21,537,157.02 17,105,154.24 21,537,157.02 17,105,154.24

Total Current Liabilities 9,269,707,162.73 9,201,814,613.05 9,269,707,162.73 9,201,814,613.05

Non-current Liabilities

Deferred income 17,749,043.20 19,182,486.32 17,749,043.20 19,182,486.32

Long-term loans 6.19 93,926,923,360.23 97,921,926,163.34 93,926,923,360.23 97,921,926,163.34

Employee benefit obligations 6.20 129,172,445.10 111,456,280.48 129,172,445.10 111,456,280.48

Total Non-current Liabilities 94,073,844,848.53 98,052,564,930.14 94,073,844,848.53 98,052,564,930.14

Total Liabilities 103,343,552,011.26 107,254,379,543.19 103,343,552,011.26 107,254,379,543.19

Equity

Capital 6.21 80,681,645,646.46 72,862,613,494.47 80,681,645,646.46 72,862,613,494.47

Deficit (22,742,767,490.96) (37,650,967,946.78) (20,575,411,182.72) (35,671,482,964.29)

Total Equity 57,938,878,155.50 35,211,645,547.69 60,106,234,463.74 37,191,130,530.18

Total Liabilities and Equity 161,282,430,166.76 142,466,025,090.88 163,449,786,475.00 144,445,510,073.37







Statement of IncomeMass Rapid Transit Authority of ThailandAs at September 30, 2013


Unit: Baht


Revenue

Revenue from Operation

From subsidies 430,654,154.00 398,221,888.15 430,654,154.00 398,221,888.15

From concession contract 6.22 80,598,067.04 46,548,372.98 80,598,067.04 46,548,372.98

From shop rent 18,887,233.60 16,275,569.57 18,887,233.60 16,275,569.57

From approval to use real estates 40,294,005.72 32,031,747.59 40,294,005.72 32,031,747.59

From Park & Ride service fees 54,130,008.83 49,239,143.71 54,130,008.83 49,239,143.71

Total revenue from operation 624,563,469.19 542,316,722.00 624,563,469.19 542,316,722.00

Other revenues

Receivable interest 28,005,504.01 30,053,314.37 28,005,504.01 30,053,314.37

Other revenues 7,720,711.22 14,146,549.13 7,720,711.22 14,146,549.13

Profit from sale of exchange rate 6.24 17,829,829,761.51 1,995,395,877.77 17,829,829,761.51 1,995,395,877.77

Total of other revenues 17,865,555,976.74 2,039,595,741.27 17,865,555,976.74 2,039,595,741.27

Total revenue 18,490,119,445.93 2,581,912,463.27 18,490,119,445.93 2,581,912,463.27

Expenses

Personnel expense 430,140,113.09 322,372,238.42 430,140,113.09 322,372,238.42

Depreciation and amortization 1,916,513,609.24 1,917,458,845.83 1,916,513,609.24 1,917,458,845.83

Other expenses 191,986,677.47 177,704,362.12 191,986,677.47 177,704,362.12

Financial cost 6.25 854,256,814.90 814,082,246.12 854,256,814.90 814,082,246.12

Share of loss from investment under equity method 187,871,325.75 305,836,286.00 - -

Total expense 3,580,768,540.45 3,537,453,978.49 3,392,897,214.70 3,231,617,692.49

Profit (Loss) for the year 14,909,350,905.48 (955,541,515.22) 15,097,222,231.23 (649,705,229.22)

Other comprehensive profit (loss)

Other comprehensive profit (loss)

Profit from estimation using actuary principle 435,588.69 215,507.88 435,588.69 215,507.88

Total comprehensive profit (loss) for the year 14,909,786,494.17 (955,326,007.34) 15,097,657,819.92 (649,489,721.34)






Notes Capital Retained Loss Total

Statement of Changes in Equity Mass Rapid Transit Authority of ThailandFor the Year Ended 30 September 2013

Separate Financial Statements Showing Investment under equity Method

Unit: Baht

Unit: Baht

Balance as of October 1, 2011 63,797,664,613.71 (36,769,611,447.95) 27,028,053,165.76Impact from changes in accounting policy 4 - 73,969,508.51 73,969,508.51Revised balance as of October 63,797,664,613.71 (36,695,641,939.44) 27,102,022,674.27 Increased during the year 9,064,948,880.76 - 9,064,948,880.76Fiscal year net loss - (955,326,007.34) (955,326,007.34)Balance as of September 30, 2012 (improve) 72,862,613,494.47 (37,650,967,946.78) 35,211,645,547.69

Balance as of October 1, 2012 72,862,613,494.47 (37,650,967,946.78) 35,211,645,547.69Impact from changes in accounting policy - Revised subsidy to construct new office building, previously recorded as income, into fund 6.21 1,586,038.35 (1,586,038.35) - Revised Balance 72,864,199,532.82 (37,652,553,985.13) 35,211,645,547.69Increased during the year 6.21 7,817,446,113.64 - 7,817,446,113.64Comprehensive profit for the year - 14,909,786,494.17 14,909,786,494.17Balance as of September 30, 2013 80,681,645,646.46 (22,742,767,490.96) 57,938,878,155.50

Notes Capital Retained Loss Total


Balance as of October 1, 2011 63,797,664,613.71 (35,095,962,751.46) 28,701,701,862.25Impact from changes in accounting policy 4 - 73,969,508.51 73,969,508.51Revised balance as of October 1, 2001 63,797,664,613.71 (35,021,993,242.95) 28,775,671,370.76Increased during the year 9,064,948,880.76 - 9,064,948,880.76Comprehensive loss for the year - (649,489,721.34) (649,489,721.34)Balance as of September 30, 2012 (revise) 72,862,613,494.47 (35,671,482,964.29) 37,191,130,530.18

Balance as of October 1, 2012 72,862,613,494.47 (35,671,482,964.29) 37,191,130,530.18Impact from changes in accounting policy - evised subsidy to construct new office building, previously record* as income, into fund 6.21 1,586,038.35 (1,586,038.35) - Revised Balance as of October 1, 2001 72,864,199,532.82 (35,673,069,002.64) 37,191,130,530.18 Increased during the year 6.21 7,817,446,113.64 - 7,817,446,113.64Comprehensive profit for the year - 15,097,657,819.92 15,097,657,819.92 Balance as of September 30, 2013 80,681,645,646.46 (20,575,411,182.72) 60,106,234,463.74





Statement of Cash FlowsMass Rapid Transit Authority of ThailandFor the Year Ended September 30, 2013

Financial Statements ShowingInvestment Under Equity Method


Unit: Baht


Cash Flows from Operation Activities

Total comprehensive profit (loss) for the year 14,909,786,494.17 (955,326,007.34) 15,097,657,819.92 (649,489,721.34)

Adjustments to reconcile comprehensive

profit (loss) for the year into received (paid)

cash provided from operation activities

Depreciation and amortization 1,916,513,609.24 1,917,458,845.83 1,916,513,609.24 1,917,458,845.83

Profit from exchange rate not yet occurred (15,012,093,381.89) (1,751,751,529.61) (15,012,093,381.89) (1,751,751,529.61)

Profit from sale of properties (208,927.24) - (208,927.24) -

Share of net loss from investment

under equity method 187,871,325.75 305,836,286.00 - -

Receivable interest (28,005,504.01) (30,053,314.37) (28,005,504.01) (30,053,314.37)

Employee benefits expense 22,751,713.21 12,449,691.87 22,751,713.21 12,449,691.87

Profit from actuarial estimates (435,588.69) (215,507.88) (435,588.69) (215,507.88)

Financial costs 854,256,814.90 814,082,246.12 854,256,814.90 814,082,246.12

Profit from operation prior to changes in

operating assets and liabilities 2,850,436,555.44 312,480,710.62 2,850,436,555.44 312,480,710.62

(Increase) Decrease in operating assets

Account Receivable and other receivables 13,372,037.81 (9,846,417.31) 13,372,037.81 (9,846,417.31)

Outstanding receivable subsidies - 1,018,613.01 - 1,018,613.01

Receivable government subsidies (368,825,539.61) (167,030,438.20) (368,825,539.61) (167,030,438.20)

Other current assets (79,965,833.36) (73,712,062.23) (79,965,833.36) (73,712,062.23)

(Decrease) Increase in operating liabilities

Other account payables 83,807,015.10 43,667,256.33 83,807,015.10 43,667,256.33

Unearned rental right revenue (151,748.75) (1,306,260.71) (151,748.75) (1,306,260.71)

Contract insurance and

work result insurance money (89,395,161.83) 81,390,149.20 (89,395,161.83) 81,390,149.20

Other current liabilities 4,417,283.15 (2,700,737.52) 4,417,283.15 (2,700,737.52)

Deferred income (1,433,443.12) (1,478,940.66) (1,433,443.12) (1,478,940.66)

Cash for employee benefit obligation (4,599,959.90) (3,591,798.00) (4,599,959.90) (3,591,798.00)

Receivable cash from operation

Cash from interest 28,420,283.02 31,359,801.75 28,420,283.02 31,359,801.75

Net cash used in operation activites 2,436,081,487.95 210,249,876.28 2,436,081,487.95 210,249,876.28


Statement of Cash FlowsMass Rapid Transit Authority of ThailandFor the Year Ended September 30, 2013



Financial Statements ShowingInvestment Under Equity Method


Unit: Baht

Cash flows from investing activities

Advance payment (615,753,659.44) (1,204,785,531.79) (615,753,659.44) (1,204,785,531.79)

Payment for land expropriation (430,379,522.54) (3,358,380,973.09) (430,379,522.54) (3,358,380,973.09)

Cash from purchase of intangible property - (3,065,953.75) - (3,065,953.75)

Cash from sale of property 225,000.00 - 225,000.00 -

Payment for purchase of equipment (5,015,875.00) (2,307,842.09) (5,015,875.00) (2,307,842.09)

Payment for right to usespace

for construction of projects (198,499,255.50) (217,490,158.49) (198,499,255.50) (217,490,158.49)

Payment for land acquisition (2,409,778.05) (2,628,697.72) (2,409,778.05) (2,628,697.72)

Payment for construction of MRT projects (15,809,068,809.14) (12,936,261,392.02) (15,809,068,809.14) (12,936,261,392.20)

Net cash used in investing activities (17,060,901,899.67) (17,724,920,548.95) (17,060,901,899.67) (17,724,920,548.95)

Cash flows from financing activities

Receipt of long-term loan 25,682,597,730.95 13,865,362,179.50 25,682,597,730.95 13,865,362,179.50

Payment of loan (17,303,636,195.85) (4,427,651,656.56) (17,303,636,195.85) (4,427,651,656.56)

Payment of interest (1,409,774,470.70) (1,244,835,427.16) (1,409,774,470.70) (1,244,835,427.16)

Receipt of subsidies 7,817,446,113.64 9,064,948,880.76 7,817,446,113.64 9,064,948,880.76

Net cash from financing activities 14,786,633,178.04 17,257,823,976.54 14,786,633,178.04 17,257,823,976.54

Increase in net cash and cash equivalent 161,812,766.32 (256,846,696.13) 161,812,766.32 (256,846,696.13)

Beginning cash and cash equivalent 1,072,112,088.60 1,328,958,784.73 1,072,112,088.60 1,328,958,784.73

Ending cash and cash equivalent 6.1 1,233,924,854.92 1,072,112,088.60 1,233,924,854.92 1,072,112,088.60




Notes to Financial StatementsMass Rapid Transit Authority of ThailandFor the year ended September 30, 2013

1. General Information The Mass Rapid Transit Authority of Thailand (MRTA) was established on 2 December 2000 under the Mass Rapid Transit Authority of Thailand ACT B.E. 2543 (2000). The operation, assets, rights, liabilities, budget and the responsibilities that come with these were transferred to MRTA from the Metropolitan Rapid Transit Authority (established under the Royal Decree of B.E.2535) on the first day that MRTA Act B.E. 2543 was enacted. MRTA’s objectives are as follows: 1. Operate the Mass Rapid Transit in Bangkok and its vicinities including in other provinces in accordance with the Royal Decree. 2. Study, analyze and formulate projects and plans concerning the Mass Rapid Transit to improve and modernize it. 3. Perform business involving Mass Rapid Transit and other businesses for the benefit of MRTA and the using its MRT service. The office is situated at: 175, Rama 9 Road, Huaykwang Huaykwang, Bangkok 10320 On 1 August 2000, MRTA granted concession to Bangkok Metro Public Company Limited (BMCL) under the Contract (concession contract) of M.R.T. Chaloem Ratchamongkhon Line (Hua Lamphong-Queen Sirikit Convention Center-Bang Sue) project to be the investor and service provider of the MRT line. The 25-year concession started on 2 July 2004, the date on which MRTA issued a Notice of No Objection to the provision of service which generates income, with consent from the cabinet on 2 March 2000. The MRT opened for service on 3 July 2004. Under the concession contract, BMCL is required to pay remuneration to MRTA in accordance with the rate specified thereunder, consisting of fares, revenue from commercial development, remuneration from the profits exceeding the specified rate and share in the benefits where BMCL is able to borrow at a lower interest rate than that specified under the contract.

2. Basis for Preparation and Presentation of Financial Statements The financial statements were prepared in accordance with generally-accepted accounting principles under the Accounting Act B.E. 2543. Presentation of particulars in the financial statements is in accordance with the Accounting Standard No. 1 (amended in 2009) re: Presentation of Financial Statements and Notification of the Department of Business Development re: Specification of Particulars to be included in the Financial Statements B.E. 2011 dated 28 September 2011. The financial statements show monetary units in Thai Baht and in million Baht.

3. Compliance with New or Amended Accounting Standards New Accounting Standards, New Financial Report Standards, Accounting Standards interpretation and financial report standards interpretation which were. effective for the financial period commencing on or after January 1, 2014 - Accounting Standards No. 12 on income tax, - Accounting Standards No. 20 (revised in 2009) on accounting for government subsidy and disclosure of information - Accounting Standards No. 21 (revised in 2009) on impact from the exchange rate change. - Financial Report Standards No. 8 on operation works - Interpretation of Accounting Standards No. 10 on help from the government in the case of no specific connection with the operation activities; - Interpretation of Accounting Standards No. 21 on income tax-benefit from Recovery of Revalued Non-Depreciable Assets - Interpretation of Accounting Standards No. 25 on Changes in the Tax Status of an Enterprise or its Shareholder


Effective for the financial period commencing on or after January 1, 2014 - Interpretation of Financial Reporting Standards No. 1 on changes in liabilitiesfrom demolition reconstruction and similar liabilities - Interpretation of Financial Reporting Standards No. 4 on whether an agreement constitutes a lease contract - Interpretation of Financial Reporting Standards No. 5 on Right from benefit and loss from demolition fund - Interpretation of Financial Reporting Standards No. 7 on retrospective revision of standards under accounting Standards No. 29 on financial reporting under and economic condition of severe inflation. - Interpretation of Financial Reporting Standards No. 10 on financial budget during the period and impairment - Interpretation of Financial Reporting Standards No. 12 on service concession - Interpretation of Financial Reporting Standards No. 13 on privileges for customers - Interpretation of Financial Reporting Standards No. 17 on Payment of Non-monetary assets - Interpretation of Financial Reporting Standards No. 18 on Asset Transfer to client - Interpretation of Accounting Standards No.15 on Operating leases Agreement-Incentive to renter - Interpretation of Accounting Standards No. 27 on Content evaluation on leasing agreement by legal forms - Interpretation of Accounting Standards No. 29 on disclosure of information on service concession Effective for the accounting period beginning within or after January 1, 2016 - Interpretation of Accounting Standards No. 32 on Intangible assets-website cost

The Management has evaluated and found that Accounting Standards, Financial Report Standards, Interpretation of Accounting Standards and Interprestation of Financial Report Standards which will be in force for financial statements whose accounting periods begins on or after 1 January 2013, 1 January 2014 and 1 January 2016 will have no material effect to MRTA’s financial statements.

4. Correction Of Errors According to Accounting Standard No.8 (revised 2009) on Accounting Policy, Changes in Accounting Estimates and Errors where errors are found, can be corrected retroactively. Details are as follows:- (1) Commitment Charge of loans for construction project will be considered as borrowing cost instead of fixed cost, as prescribed in Accounting Standard No.23 (revised 2009) on cost of loans. (2) Property tax evaluated by the Bangkok Metropolitan Administration showed that MRTA is liable to pay property tax in the amount of Baht 232.92 Million and additional Baht 23.29 Million. MRTA disagrees with the evaluation and has appealed to the Governor of Bangkok. MRTA is to set aside provisions for the liabilities of the property tax for 2005-2013. (3) Recognise and adjust receipts of revenue generated from commercial developments (that are not included in the Concession Agreement) from 2007-2012 owing to the different interpretations of the Concession Agreement by MRTA and BMCL.


This Correction of Errors will lead to the following effects:-

Adjustments of Deficit as at 1 Oct 2011

Unit : Million Baht

increasa (decrease)

Balance Sheet as at 1 Oct 2011

- Total Assets 81.42

- Total Liabilities 110.26

- Equity (28.84)

Balance Sheet as at 30 Sep 2012

- Total Assets 103.60

- Total Liabilities 8.86

- Equity 94.74

Statement of Income for the end of 30 Sep 2012

- Total Revenue 5.37

- Total Expense (15.40)

- Total Comprehensive Loss 20.77

Statement of Change in equity as at 1 Oct 2011

- Deficit (73.97)

Statement of Change in equity as at 30 Sep 2012

- Deficit (19.18)

Financial Statements Showing Investment under Equity Method / Separate Financial Statements Showing Investment under Cost Method

Record commitment charge to asset cost 68.61

Evaluation of property tax (6.61)

Revenue from off contract commercial Developments 11.97

Total 73.97

Unit: Million Baht


5. Summary of Significant Accounting Policies 5.1 Cash and Cash Equivalent Items Meaning: Cash and bank deposit with due liquidation within 3 months and with no obligation. 5.2 Commercial Receivables and other Receivables Account receivables are recognized initially by the value that is expected to be received. The subsequent value is measured by the remaining balance less allowance for doubtful debts which are then estimated by reviewing the balance at the end of the accounting period. Allowance for doubtful debts means the difference between the value of account receivables as recorded in the accounts compared to the value expected to receive from the debtors, based on past collection experience and current financial status of each outstanding debtor. Bad debts that occurred are recognized in the Income Statement and are part of the operating expenses.

5.3 Investments in the Associated Companies Show the value of the investment using the Equity Method taking into account the investment proportion in the associated companies. Separate Financial Statements present investment with the cost price.

5.4 Land, Buildings and Equipment Land is accounted for as costs as at the acquired or purchase date including various expenses related to land expropriation. Buildings and equipment are accounted for as costs as at the purchase date or receiving date or the date of construction completion, net of depreciation and assets impairment. Equipment whose value is no more than THB30,000 each is fully recognized and is controlled via a register. Depreciation is calculated by the straight-line method according to the estimated useful life of each asset type with no scrap value, as shown below.

Useful Life (Year) of Assets

Vehicles and Equipment 5-10

Runway tunnel, station building structures and entrance/exit of stations 100

Elevated concrete platform, canal, bridge and dam 80

Building, bridge and entrance/exit of Park and Ride facility 20-50

Achitectural work, rail work, mechanical and electrical works 20-30

Assets that are donated and are put into use in the operations are recognized as deferred income. The income is recognized as one pertained to the useful life of the assets.

5.5 Work during Construction The list of items is recognized at the date that the Hiring Screening Committee finish the hand-over examination of the works.

5.6 Intangible Assets Intangible assets are the rights to use computer software licences. Costs that are directly associated with licences (which can be definitely described as having been bought independently form the computer hardwares) are shown as cost price less accumulated depreciation and assets impairment. Depreciation is calculated by the straight-line method with a 5-year period of useful life.


The expenses incurred from the development and maintaining of the computer programs are recognized as expenses in the Comprehensive Income Statement.

5.7 Right to use underground space for projects construction This is presented with the cost price. It has no terms and conditions regarding the usage period and therefore no amortization of expenses.

5.8 Right to Deferred Long-Term Lease Contract This is presented with the cost price and is deducted the accumulated amortization and cost for impairment of assets. The amortization is recorded as an expense calculated by using the straight-line method according to the lease contract period. 5.9 List of Items as Foreign Currencies The Bank of Thailand’s average foreign exchange (FX) rate was used to convert the list of foreign currencies items on the date of each item as they occur between accounting periods except FX rates for foreign currency loans that are covered by the FX Forward Contracts with Krung Thai Bank Pcl. The Bank provided the average FX rate that MRTA used on loan drawdown date. Assets and liablities in foreign currencies at the end of the accounting periods are converted into Thai Baht with one rate. It is the Bank of Thailand’s average FX buying and average FX selling rate on that day. Any profit or loss incurred from the conversion is realised as income or expensed in the Comprehensive Income Statement.

5.10 Financial Tools MRTA applied financial tools to reduce exchange rate risks which affected liabilities. The major tool is the FX Agreement for currency exchange from Japanese Yen to Thai Baht . 5.11 Benefits of Employees Post-employment benefits Post-employment benefits of MRTA employees consist of defined contribution plan and benefit plan. Defined Contribution Plan A provident fund for MRTA employees has been established and registered, and has paid contribution to a separate entity. MRTA has no legal obligation or implied obligation to pay additional contribution in the event that the fund does not have sufficient assets to settle the obligation arising from provision of service by staff, both in the current period or previous period. Benefit Plan Benefit plan is not a contribution plan. Generally, the benefit plan specifies the amount of benefit an employee is entitled to upon retirement. Such amount depends on one or more factors such as age, year of service, remuneration, etc. The retirement plan for emplotees of 60 years of age. MRTA has set up Post-Employment Benefit Plan for those employees who have reached 60 years of age. The benefits include remuneration in accordance with the relevant laws per the Notification of the State Enterprise Labour Relations Committee and Thai Labour laws, whose amount is determined by each employee’s salary base, years of service with MRTA until the last day of employment. Where the years of service is between 5 but no more than 15 years, the entitlement is equal to 180 days of the last salary, while those whose service years exceed 15 years, the entitlement is equal to 300 days of the last salary.


Liabilities arising from the terms resulting from post-employment benefits is calculated by the actuarist using the Projected Unit Credit method. The current value of the obligation from such benefit plan is specified by discounting the cash flow to be paid in the future using the interest rate of government bond in the same currency as the the currency paid for the benefits to be paid to the employees. Such shall also have similar conditions and maturity date similar to the conditions of the obligation of the post-employment benefits. Profit and loss from the actuarial estimation of the benefit plan are recognized as comprehensive profit or loss in the period in which such transaction occurs.

5.12 Government Subsidies These are recognized as capital except those subsidies that were used for MRTA’s administration expenses and to service the interest payments from loans related to: the MRT Chaloem Ratchamongkhon Line’s land expropriation and to purchase BMCL PCL’s ordinary shares. Both subsidies have been recognized as income. 5.13 Recognition of Revenues Government Subsidies are used to pay for administration expenses and service interest payments from two loans, one was related to the MRT Chaloem Ratchamongkhon Line’s land expropriation while the other loan was to purchase BMCL PCAL’s ordinary shares. All subsidies were recognized as income upon receiving the withdraw request permission from the Comptroller General Department. Monthly fees from: the Concession Agreement between MRTA and BMCL PCL, rents from kiosks and from granting rights to use MRTA’s assets are recognized as income as specified in the Concession Agreement. Income from provision of Park & Ride is recognized as income from parking fees. Interest income is recognized according to the time proportion, taking into account the actual yield from the assets. Other Incomes are recognized on the accrual basis.

5.14 Recognition of Expenses Expenses are recognized on the accrual basis.

5.15 Borrowing Costs Borrowing costs include interest expenses and other costs arising from borrowing. Borrowing costs from the acquisition, construction and production of assets that meet the criteria will be included as part of the asset costs until most of the preparation, construction or production of such assets are completed, ready to be used as intended. The capitalization rate that is used to calculate the cost of borrowing (which is included in asset costs) is the average interest rate of al outstanding loans during the year. The borrowing costs that are included in the asset costs are the borrowing costs actually incurred during the year less the income actually generated from periodic investments of such loans. Other borrowing costs booked as other expenses when incurred.


5.16 Provident Fund Provident Fund for the MRTA Staff Members was established under the Provident Fund Act B.E.2530 on 23 August 1995. Members are required to pay the savings into the Fund through MRTA’s deduction from the salaries at the rate of 3% to 11% while MRTA shall pay contribution to the Fund at the rate of 9% to 11% of its members’ salaries. Such contribution is recognized as expense in the period in which such transaction occurs. This fund is separate from MRTA and is managed by a provident fund manager under the supervision of the Provident Fund Committee. Since October 2012 MRTA adjusted to pay contribution to the Fund for the Provident Fund MRTA Staff Members as follows;

Cash 0.52 0.12Cash in bank Current account (8.74) (201.05) Saving account 381.75 438.29 3-month fixed account 860.39 834.75Total 1,233.92 1,072.11

Unit: Million Baht

Financial budget showing investment under the Equity Method/Separate financial budget showing investment under

the Cost Method2013 2012

5.17 Impairment of Assets Impairment of assets are revised when there is an event or situation which indicates that the book value may be higher than the value expected to be retrieved. Loss entries from impairment will be recognized when the price in the book of an asset is higher than the expected value to be retrieved. This means the fair value (less the selling cost) is higher comparing to the value from asset utilization. Assets will be classified into the smallest group as possible so thai it can be separated for the purpose of assessing impairment of assets. The assets which have been recognized with loss from impairment of assets will be evaluated to determine the possibility of reversing the entries at the date of the financial statement.

5.18 Related Person or Business A person or business related to MRTA means a person or business that has the authority to control MRTA or which is controlled by MRTA, whether directly or indirectly, or is under the same controlling authority as MRTA. This includes subsidiary companies and businesses which are subsidiary companies under the same umbrella, and which are stakeholders in MRTA that have substantial influence or have joint controlling authority. Moreover, a related person or business also means associated company, joint venture participated by MRTA, including a business which important executives or committee members of MRTA have controlling power or joint controlling power, or a substantial influence in, whether directly or indirectly. In considering the relationship between person or business that is related to MRTA for each transaction, the substance of the relationship rather than the legal form is to be taken in account.

6. Additional Information 6.1 Cash and cash equivalent items

Not more than 10 years 9 More than 10 years 10 More than 20 years 11

Years of working Percentage of Salary


2013 2012

Unit: Million Baht


the Cost Method

Interest payable on loan for construction of - The M.R.T. Chaloem Ratchamongkhon Line 165.24 43.36 208.60 7.42 82.74 90.16 - The Purple Line Project: Bang Yai - Bang Sue Section - 92.55 92.55 - 82.77 82.77 - The Blue Line Project: Hua Lamphong - Bang Kae and Bang Sue - Tha Pra sections 249.18 - 249.18 159.19 - 159.19 - The Green Line Project Bearing - Samut Prakarn Section 39.44 - 39.44 7.80 - 7.80 - Due subsidy according to Foreign exchange contract - 66.51 66.51 - - - Total 453.86 202.42 656.28 174.41 165.51 339.92Fees for extension of loan under loanextension agreement between the Ministry of Finance and MRTA - The Blue Line Project: Hua Lamphong - Bang Kae Section 40.77 - 40.77 14.84 - 14.84 - The Blue Line Project: Bang Sue - Tha Pra Section 37.86 - 37.86 13.78 - 13.78 - The Green Line Project: Bearing - Samutprakarn Section 6.29 - 6.29 1.16 - 1.16 Total 84.92 - 84.92 29.78 - 29.78Commitment Charge - The Purple Line Project: Bang Yai - Bang Sue Section - 1.14 1.14 - 3.81 3.81 Total - 1.14 1.14 - 3.81 3.81 Grand Total 538.78 203.56 742.34 204.19 169.32 373.51

2013 2012

Domestic International Total Domestic International Total loan loan loan loan

6.2 Due Government Subsidies Government subsidies are used to pay interest expenses and financial fees incurred from construction loans for different MRT lines as shown below.

6.3 Land Acquisition - Disbursements of Compensation. These include compensation for land, buildings, crops and immovable assets for various MRT projects in the process of being disbursed to those whose property have been expropriated. These are recorded in pair with the accrued land acquisition expense account.

The M.R.T. Chaloem Ratchamongkhon Line Project 0.19 0.19The Purple Line Project: Bang Yai - Bang Sue Section 80.95 10.23The Blue Line Project:Hua Lamphong - Bang Kae 9.18 60.64 and Bang Sue - Tha Pra Sections The Green Line Project: Bearing - Samut Prakarn Section 1.18 18.60Total 91.50 89.66

Unit: Million Baht

Financial budget showing investment under the Equity Method/Separate financial budget showing investment under the Cost

Method


6.4 Bank Deposits - land acquisition expense. Baht 1,172.79 million represents the compensation money for land, buildings, crops and payment to property owners who did not agree to sign the contract to sell their land to MRTA within the legally specified period. MRTA is. Therefore, obliged to deposit such compensation monies with the Government Savings Bank to comply with the Expropriation Act B.E.2530 and the Procurement of Real Estate for Mass Transit Business B.E.2540 Act to be paid to these property owners at an agreed late date. The bank deposits (for land acquisition expense) are accounted for in pair with Deposits - Due for Payments for Land Acquisition. 6.5 Other Current Assets

VAT 11.99 16.91Office supplies 0.81 0.55Input tax - not due 198.05 113.96Assets - live 0.92 0.66Passenger ticket 0.57 -Total 212.34 132.08

Unit: Million Baht


the Cost Method

2013 2012

6.6 Advance Payments

The Purple Line Project: Bang Yai - Bang Sue section Consultant contract 24.17 51.43 Construction contract 1,584.73 2,285.04 Total 1,608.90 2,336.47 The Blue Line Project : Hua Lamphong - Bang Kaeand Bang Sue - Tha Pra Sections Consultant contract 44.03 46.66 Project consultant contract 38.87 77.75 Construction contract 3,980.49 4,653.03 Total 4,063.39 4,777.44 The Green Line project: Bearing - Samut Prakarn Section Consultant contract 35.26 56.41 Construction contract 1,372.67 1,148.37 Total 1,407.93 1,204.78 The Yellow Line project: Lad Prao-Samrong Section Construction Contract 9.78 - Total 9.78 - Grand Total 7,090.00 8,318.69

Unit: Million Baht


the Cost Method

2013 2012


6.7 Investments in Concession Holder MRTA invested in ordinary shares of the Bangkok Metro Public Company Limited (BMCL), who holds the concession to operate the M.R.T. Chaloem Ratchamongkhon Line and the rights for commercial development. As at fiscal year end 2013. BMCL had paid-up capital of Baht 11,950 million and MRTA held 25% shareholdings or Baht 2,987.60 million. On 31 May 2005, the Cabinet passed the resolution approving the investment budget of Baht 2,600 million to purchase share in BMCL. Later, when BMCL raised capital by issuing new shares, MRTA invested Baht 387.50 million after receiving the Cabinet’s consent on 24 January 2006. The Ministry of Finance arranged the loans for MRTA to buy additional shares as detailed below.

Unit : Million Baht

2012

Investment by Equity Method 1,008.01 1,313.85Less Share of loss from investment by Equity Method (187.87) (305.84)Outstanding Balance 820.14 1,008.01Investment by Cost Method 2,987.50 2,987.50Dividend income - - Market price of Bangkok Metro Public Company Limited 3,017.38 1,852.25

2013

Unit : Million Baht

Summary of Financial Information of Bangkok Metro Public Company Limited

2013

Related transactions

Unit : Million Baht

2012

Assets 18,302.67 18,246.67Liabilities 17,991.50 17,205.11Income 1,866.85 1,655.93Loss (659.82) (894.87)

2013 2012

Account Receivables 10.73 24.86Income from granting of concession 80.60 46.55Share of loss from investment by equity method (187.87) (305.84)


Unit : Million Baht

Financial budget showing investment under the Equity Method/Separate financial budget showing investment under the Cost Method

Cost PriceAs at 1 October 2011 37,261.81 277.76 80.98 10.23 67.48 41.45 37,739.71- Buying/Accepted as donation of assets - 0.47 - - 0.47 3.00 3.94- Selling and dispensing - - - - (0.04) (2.53) (2.57)- Land Acquisition 430.38 - - - - - 430.38As at 30 september 2013 37,692.19 278.23 80.98 10.23 67.91 41.92 38,171.46Accumulated depreciationAs at 1 October 2012 - (58.69) (8.60) (9.74) (34.15) (28.79) (139.97)- Depreciation for the period - (13.99) (5.73) (0.48) (6.49) (4.06) (30.75)- Selling and dispensing - - - - 0.04 2.53 2.57As at 30 September 2013 - (72.68) (14.33) (10.22) (40.60) (30.32) (168.15)Book valueAs at 30 September 2013 37,692.19 205.55 66.65 0.01 27.31 11.60 38,003.31As at 30 September 2012 37,261.81 219.07 72.38 0.49 33.33 12.66 37,599.74

Land Building and renovated

areas

Power, watersupply and

communicationssystem

Vehicle Officesupplies andequipment

Computerequipment

Total

6.8 Land, Building and Equipment

Land cost in the amount of Baht 37,261.81 million represents the cost of land expropriated under the Expropriation Act B.E. 2530 and the Act on Expropriation of Real Estate for the Construction of M.R.T. Chaloem Ratchamongkhon Line in Bang Sue, Chatuchak, Huay Kwang, Din Daeng, Rajathevi, Wattana, Khlong Toey, Pathumwan, and Sathorn in Bangkok B.E. 2552. The MRT projects are as follows:

Land expropriation by Expressway Authority of Thailand (EXAT) and MRTA The M.R.T. Chaloem Ratchamongkhon Line - Land acquisition conducted by EXAT 17,489.27 17,489.27 The M.R.T. Chaloem Ratchamongkhon Line - Land acquistion conducted by MRTA 6,678.58 6,678.84Land expropriation by MRTA The Purple Line Project: Bang Yai - Bang Sue Section 8,183.21 8,165.72 The Green Line Project: Bearing - Samut Prakarn Section 1,030.98 989.61 The Blue Line Project: Hua Lamphong - Bang Kae Section 3,779.61 3,547.58 The Blue Line Project: Bang Sue - Tha Pra Section 530.54 390.79 Total 37,692.19 37,261.81

Unit : Million Baht



Out of the land expropriation fot the M.R.T. Chaloem Ratchamongkhon Line carried out by EXAT under the cabinet resolution dated March 11, 1992 and July 28, 1995 in the amount of Baht 17,489.27 million on September 30, 2013, EXAT has not yet transferred the land titles to MRTA in the amount of Baht 326.05 million. Some land owners whose lands were expropriated are still not satisfied with the compensation and therefore filed complaints to the court and the legal proceedings are being carried out. The court may order MRTA to increase the compensation to be paid to the land owners as described in Note 6.26 to the Financial Statements.


Unit: Million Baht


Tunnel andCivil

Engineering Structure

Work

Platform,canal, dam

Building,Overpass,

entrance/ exit at Park and Ride facility

Track work Others(Architectural

work, mechanicaland electricalsystems, etc.)

Total

Cost priceAs at 1 October 2011 43,834.31 4,914.75 1,312.07 2,770.16 25,201.25 78,032.54Increased assets - - - - 0.93 0.93as at 30 September 2012 43,834.31 4,914.75 1,312.07 2,770.16 25,202.18 78,033.47Accumulated depreciationas at 1 October 2011 (3,616.33) (506.83) (215.87) (761.80) (10,390.00) (15,490.83)Depreciation (438.34) (61.44) (26.24) (92.34) (1,260.06) (1,878.42)as at 30 September 2012 (4,054.67) (568.27) (242.11) (854.14) (11,650.06) (17,369.25)Book value as at 30 September 2013 39,779.64 4,346.48 1,069.96 1,916.02 13,552.12 60,664.22as at 30 September 2012 40,217.98 4,407.92 1,096.20 2,008.36 14,811.25 62,541.71

6.9 Asset: M.R.T. Chaloem Ratchamongkhon Line

6.10 Works during Construction Unit: Million Baht

Construction of The Purple Line Project: Bang Yai - RatburanaBang Yai - Bang Sue section Consultant fee 1,068.24 357.69 1,425.93 Construction fee 14,512.86 7,189.32 21,702.18 Interest expenses 357.24 237.48 594.72 Loan fee - 8.65 93.69 Total 16,023.38 7,793.14 23,816.52

Construction of The Purple Line Project: Bang Yai - RatburanaBang Sue - Ratburana section Consultant fee 161.70 64.08 225.78 Total 161.70 64.08 225.78

Construction of The Blue Line Project:Hua Lamphong - Bang Kae Section Consultant fee 480.02 507.03 987.05 Construction fee 7,780.02 6,753.15 14,533.17 Interest expenses 205.14 293.59 498.73 Loan fee 16.89 25.93 42.82 Total 8,482.07 7,579.70 16,061.77


the Cost Method1 Oct 2012 Increased 30 Sep 2013


Unit: Million Baht

Oct 1, 2012 Increased Sept 30, 2013

6.10 Works during Construction (continued)

Construction of The Blue Line Project:Bang Sue - Tha Pra section Consultant fee 445.73 328.55 774.28 Construction fee 2,617.64 2,002.17 4,619.81 Interest expenses 190.49 272.61 463.10 Loan fee 15.68 24.08 39.76 Total 3,269.54 2,627.41 5,896.95

Construction of The Orange Line Project: Bangkapi - Bang Bamru Section and Consultant fee 221.98 83.82 305.80 Total 221.98 83.82 305.80

Construction of The Green Line Project:Mo Chit - Sapan Mai Section Consultant fee 2.19 - 2.19 Total 2.19 - 2.19

Construction of The Green Line Project:Bearing - Samut Prakarn section Consultant fee 43.91 191.02 234.93 Construction fee 112.78 1,583.83 1,696.61 Interest expenses 19.03 55.29 74.32 Loan fee 1.16 5.13 6.29 Total 176.88 1,835.27 2,012.15

Construction of Pink Line Project: Khae Rai - Min Buri section Consultant fee 2.48 6.36 8.84 Total 2.48 6.36 8.84

Construction of TheYellow Line Project: Lad Prao - Samrong Section Consultant fee - 43.51 43.51 Total - 43.51 43.51

M.R.T. Chaloem Ratchamongkhon Line Rama 9 Park&Ride - 4.92 4.92 Total - 4.92 4.92 Grand Total 28,340.22 20,038.21 48,378.43


the Cost Method


6.11 Intangible Assets

Cost Price 48.24 48.24Acumulated amortization (34.53) (29.72)Price in Book 13.71 18.52

Unit: Million Baht



6.12 Right to Use Areas for Projects Construction The right to use areas for constructing the projects in the amount of Baht 1,771.61 million comprised of the compensation for use of the ground and underground space to construct MRT projects without transferring land titles. The projects are as follow.

M.R.T. Chaloem Ratchamongkhon Line 1,235.80 1,128.71The Blue Line Project: Hua Lamphong - Bang Kae Section 456.87 444.40The Green Line Project: Bearing - Samut Prakarn Section 78.94 -Total 1,771.61 1,573.11

Unit: Million Baht


the Cost Method20122013

6.13 Deferred Long-term Leasehold in the amount of Baht 37.55 million is the rental fee of land lease from Chulalongkorn University for a 30-year term for the construction of entrance of the Samyan Station and ventilation shaft. This amount also covers compensation for buildings, demolition, transport expenses, revenue loss and other expenses, totaling Baht 75.95 million. The amor-tization is Baht 2.54 million per annum. Those expenses have accumulated amortization of Baht 38.40 million. 6.14 Financial Assets At 30 September 2013 MRTA recognize revenue which occur from the difference of currency exchanges by cross currency swap and currency exchange at the ending date


Cross currency swap contact - At 28 Jul 2013 19,133.60 0.2908 5,564.05 0.324228 6,203.65 639.60 - At 13 Aug 2013 24,419.60 0.3098 7,565.19 0.324228 7,917.51 352.32Total 43,553.20 13,129.24 14,121.16 991.92

Principal Balance from CCS contact

Million Yen Exchange rate from CCS contact

Million BahtCurrency

exchange rate30 Sept 2013

Million Baht FinancialAsset

(Million Baht)

Cross Currency Swap (CCS) Dated 28 July 2013 is the agreement exchange to Japanese Yen loan to Thai Baht from JICA Loan agreement No. TXXIII-6 date 30 September 2008 principle amount Japanese Yen 19,516.27 million, which or Baht 5,675.33 million. Cross Currency Swap (CCS) Dated 13 August 2013 is the agreement to exchange Japanese Yen loan to Thai Baht from JICA Loan agreement No. TXXIII-3 date 31 July 2008 principle amount Japanese Yen 24,419.60 million or Baht 7,565.19 million.


20122013

6.15 Account Payables during Construction Works Financial budget showing investment under the Equity Method / Separate financial budget showing:

Account payables for consultant fee 178.60 70.48Account payables for construction works 3,807.40 2,343.28Total 3,986.00 2,413.76

Investment under the Cost Method

Unit : Million Baht

6.16 Other Account Payables

Other account payables 39.62 40.35Expense in procuring outstanding loan 86.10 33.59Deposits and advances 23.56 9.58Other outstanding expenses 5.79 1.00Outstanding Property Tax 19.14 16.03Outstanding Extra Compensation (Bonus) 10.32 -Total 184.53 100.55


the Cost Method


the Cost Method

2012

2012

2013

6.17 Outstanding Interest Expenses

Unit: Million Baht

Unit: Million Baht

2013

Bond Interest Expenses - 7.42Loan Interest Expenses 531.49 332.27Paid interest according to Swap contract 66.51 -Total 598.00 339.69

6.18 Unearned Rental Right Revenue in the amount of Baht 2.39 million includes remuneration for the right to operate business in Kamphaengphet station and the right to build a connecting pathway between the Interchange building and Sukhumvit Station in the amount of Baht 41.82 million, out of which Baht 39.43 million has been transferred as accumulated income.


Loan 199,090.76 64,550.80 32,090.78 96,641.58Deducted Amount payable within one year 5,185.65 1,681.33 1,033.33 2,714.66Remaining Long-term Loan 193,905.11 62,869.47 31,057.45 93,926.92


the Cost Method2013

International loans Domesticloans

Total

Million BahtMillion BahtMillion BahtMillion Yen

Unit: Million Baht

6.19 Long-term Loans

Loan 214,476.61 86,128.23 15,155.95 101,284.18Bond - - 1,000.00 1,000.00Total 214,476.61 86,128.23 16,155.95 102,284.18Deducted Amount payable within one year 8,372.68 3,362.25 1,000.00 4,362.25Remaining Long-term Loan 206,103.93 82,765.98 15,155.95 97,921.93


the Cost Method2012

International Loan Domesticloan

Total

Million BahtMillion BahtMillion BahtMillion Yen

Unit: Million Baht

In this period, MRTA Project received extra loan of Baht 25,624.63 million consisting of International loan Japanese Yen 20,233.08 million or Baht 6,689.79 million and domestic loan Baht 18,934.84 Million. The reimbursement amount is Baht 14,483.23 million which consisting of Japanese Yen 35,618.93 million or Baht 11,483.23 million and domestic loan Baht 3,000.00 million. Details are as follows:-

Unit: Million Baht

Loan increase The Purple Line Project : Bang Yai - Rat Burana Bang Tai-Bang Sue Section 20,233.08 6,689.79 - 6,689.79 The Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections - - 8,523.98 8,523.98 The Green Line Project : Bearing - Samut Prakarn Section - - 1,110.86 1,110.86 The M.R.T. Chaloem Ratchamongkhon Line - - 9,300.00 9,300.00 Total 20,233.08 6,689.79 18,934.84 25,624.63Payment The M.R.T. Chaloem Ratchamongkhon Line Project 35,618.93 11,483.23 1,000.00 12,483.23 The Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections - - 2,000.00 2,000.00 Total 35,618.93 11,483.23 3,000.00 14,483.23

Domestic loan

Million Baht

International

Million Yen Million BahtTotal

Million Baht


6.19 Long-term Loan (continued) The international loan in the above amount was paid back before the due date to the Japan International Cooperation Ageney (JICA) in accordance with the loan agreement no. TXXI-4, dated 27 September 1996 in the amount of Japenese Yen 12,215.16 million and the loan agreement no. TXXII-3 (Construction Works), dated 30 September 1997 in the amount of Japenese Yen 16,624.60 million, a total of Japenese Yen 28,839.76 million or Baht 9,334.24 million. The Ministry of Finance made the domestic loan of Baht 9,300.00 million to pay the debt on behalf of MRTA and let MRTA liquidate to the Ministry of Finance in accordance with the contract no. 1-Shor/2556, dated 3 April 2013. This is in line with the cabinet resolution on 21 January 2013 which approved MRTA to adjust the debt structure of the international loan of the mentioned debt contract used for the M.R.T. Chaloem Ratchamongkhon Line for which the Ministry of Finance made a guarantee under the 2013 Public Debt Management Plan. The remaining Baht 34.24 million MRTA paid to add to it from the 2013 Expenditure Budget. Detail of Long-Term Loan International Loan for Construction of M.R.T. Chaloem Ratchamongkhon Line

TXXII - 3(A) JICA 241.00 162.38 0.75 - 40 (10) Year 2037 (30 Sep 1997) TXXIII - 3 JICA 29,792.0 24,419.60 0.75 - 40 (10) Year 2038 (31 Sep 1998) TXXIII - 6 JICA 23,343.00 19,133.60 0.75 - 40 (10) Year 2038 (30 Sep 1998) TXXIV - 1 JICA 64,228.00 54,689.96 0.75 - 40 (10) Year 2039 (29 Sep 1999) TXXV - 3 JICA 45,818.00 35,998.94 0.75 - 40 (10) Year 2040 (22 Sep 2000) Total 163,422.00 134,404.48

LoanAgreementNo. (date)

Lender Credit limit

Million Yen

Remaining

Million Yen

Interest ratePercent

per annum

CommitmentChargePercent

per annum

Loan period(grace period)

year

Maturitydate

International loan for construction of The Purple Line Project (Bang Yai-Ratburana): Bang Yai-Bang Sue Section

TXXX - 1 JICA 57,935.00 56,632.11 1.4 0.1 25 (7) Year 2033(31 Mar 2008)TXXX - 1(A) JICA 4,507.00 2,744.98 0.01 0.1 25 (7) Year 2033(31 Mar 2008)TXXXII - 3 JICA 16,639.00 5,309.19 0.01 0.1 25 (7) Year 2035(31 Mar 2008) Total 79,081.00 64,686.28

Total International Loan 242,503.00 199,090.76


Credit limit

Million Yen


per annum

Loan period(grace period)

year

Lender Remaining

Million Yen

CommitmentChargePercent

per annum

Maturitydate


6.19 Long-term Loan (continued) International loan for construction of The Blue Line Project : Hua Lamphong - Bang Kae and Bung Sue - Tha Pra Section

1-Khor/2011 Ministry of Finance 4,000.00 4,000.00 3.278 4 Year 2015 (30 May 2011) 4,000.00 2,000.00 3.298 4 Year 2015 1-Khor/2012 Ministry of Finance 3,000.00 3,000.00 3.218 4 Year 2016(28 Oct 2011) 3,000.00 3,000.00 3.238 4 Year 2016 3,000.00 3,000.00 3.258 4 Year 2016 3,303.06 454.92 3.278 4 Year 2016 1-Khor/2013 Ministry of Finance 11,470.00 4,872.96 3.150 2 Year 2015 (8 Feb 2013) Total 31,773.06 20,327.88


Lender Remaining

Million Baht


per annum

Loan period

(year)

Credit limit

Million Baht

Maturitydate

Domestic loan for construction of The Green Line Project : Bearing – Samut Prakarn Section

Lender Remaining

Million Baht


per annum

Loan period

(year)

Credit limit

Million Baht

Maturitydate

2-Khor/2012 Ministry of Finance 2,000.00 1,494.95 3.48923 4 Year 2016 (3 Feb 2012) 2-Khor/2013 Ministry of Finance 4,740.00 967.95 3.15 2 Year 2015 (8 Feb 2013) Total 6,740.00 2,462.90

Domestic loan to liquidate the international loan for construction of the M.R.T. Chaloem Ratchamongkhon Line

Lender Remaining

Million Baht


per annum

Loan period

(year)

Credit limit

Million Baht

Maturitydate

1-Chor/2013 MinistryofFinance 3,000.00 3,000.00 3.258 9 ปี2565(3Apr2013) 6,300.00 6,300.00 3.738 9 ปี2565 Total 9,300.00 9,300.00 Domestic loan total 47,813.06 32,090.78


Bond for construction of M.R.T. Chaloem Ratchamongkhon Line MRTA made a loan by issuing MRTA bonds for the second time in 2003 with the credit limit of Baht 1,000 million, with the interest rate of 2.6288, under the cabinet resolution dated 9 October 2001. The due date for redemption was on 20 June 2013.



Employeebenefitsobligationasofthestartoftheperiod 111.46 102.81Emplyeeebenefitsobligationforthepresentperiod 22.75 12.45Benefitspaidduringtheperiod (4.60) (3.59)Profitfromestimationusingtheactuaryprinciple (0.44) (0.21)Employeebenefitobligationattheendoftheperiod 129.17 111.46Employeebenefitobligationforthepresentfiscalperiod Service cost 15.31 8.67 Interest cost 7.44 3.78Total 22.75 12.45


the Cost Method

Unit: Million Baht

20122013

6.19 Long-term Loans (continued) The Management of Risk of debts in Foreign currency. The Cabinet meeting on 7 May 2013 issued a resolution to allow the Ministry of Finance to revise the debt structure of MRTA by entering into two agreements, ie the Cross Currency Swap of JICA loan of TXXIII - 6 on 30 September 2009 , TXXIII-3 on 31 July 1998, 22 May 2003 and 10 July 2003. To change from Japanese Yen loan to Baht loan with fixed interest rate. MRTA is responsible for this Ministry of Finance’s commitment by signing the State Enterprise contract to process the Cross Currency Swap for foreign loan on 29 July 2013 and 23 August 2013 details shown in notes to Financial Statements no.6.14 6.20 Employee Benefits Obligation Change in the current value of the employee benefits obligation

Assumption for actuarial estimation Discount Rate 3.05 - 4.27 %, varied by age of employee Salary increase rate 6.00% per annum Mortality rate Under the Thai Mortality Table 2008, the average mortality rate of male - female is 4.01% per annum


6.21 Capital

Initial capital 945.96 - 945.96Subsidy for land costs transferred from Expressway 8,220.72 - 8,220.72Authority of Thailand Subsidy to liquidate loan principal Land acquisition cost for M.R.T. Chaloem 16,270.78 - 16,270.78 Ratchamongkhon Line Purchase of BMCL shares 2,987.50 - 2,987.50Subsidy to liquidate loan principal and interest for construction of MRT project The M.R.T. Chaloem Ratchamongkhon Line 27,623.22 3,947.72 31,570.94 The Purple Line Project: Bang Yai - Bang Sue Section 688.31 235.45 923.76 The Blue Line Project: Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections 395.63 2,596.29 2,991.92 The Green Line Project: Bearing - Samut Prakarn Section 19.26 83.24 102.50Subsidy for land acquisition cost The M.R.T Chaloem Ratchamongkhon Line 753.45 107.27 860.72 The Purple Line Project: Bang Yai - Bang Sue Section 8,228.25 17.32 8,245.57 The Blue Line Project: Hua Lamphong - Bang Kae 4,451.61 406.59 4,858.20 and Bang Sue - Tha Pra Sections The Green Line Project: Bearing - Samut Prakarn Section 993.00 119.09 1,112.09Subsidy for Consultant fee under the Cabinet’s resolution, for project 661.72 - 661.72 research and analysis The Purple Line Project: Bang Yai - Bang Sue 36.83 67.73 104.56 Section and Tao Poon - Rat Burana Section The Blue Line Project: Hua Lamphong - Bang Kae Section 189.29 2.01 191.30 and Bang Sue - Tha Pra Sections. The Orange Line Project: Bangkapi - Bangbumru 25.15 75.43 100.58 Section and Taling Chan - Min Buri Section The Pink Line Project: Khae Rai - Min Buri Section - 7.95 7.95 The Yellow Line Project: Lad Prao - Samrong Section - 49.71 49.71Subsidy for fees from new loans under the existing borrowing lending scheme between MRTA and theMinistry of Finance The M.R.T Chaloem Ratchamongkhon Line - 46.50 46.50 The Blue Line Project : Hua Lamphong - Bang Kae 32.57 50.02 82.59 and Bang Sue - Tha Phra Sections The Green Line Project : Bearing - Samut Prakarn Section 1.16 5.13 6.29Subsidy for construction of new office building 282.42 (15.16) 267.26Subsidy of information technology system 55.78 16.75 72.53Total 72,862.61 7,819.04 80,681.65


the Cost MethodIncreased (Decreased)

Unit: Million Baht

1 Oct 2012 30 Sept 2013

The increased capital of Baht 7,819.03 million comprised of the increase in this period of Baht 7,817.44 million and the increase from the subsidy for the construction of the new office building which was previously recorded as an income of Baht 1.59 million.


2012

Unit: Million Baht

Renumeration from fare 1% of the income 19.63 17.04Renumeration from commercial development Annual renumeration 46.73 18.69 7% of income 6.85 5.83Other Renumeration 7.39 4.99 Total 80.60 46.55


the Cost Method2013

6.22 Income from the Concession

Under the concession contract MRTA will received the following types of revenue. Renumeration from Fare Annual Renumeration The Bangkok Metro Public Company Limited (BMCL) agrees to share the income from fares annually with MRTA from the 11th year of service, counting from the first year of the service which the income originated until the end of the term under the contract. The total income share is Baht 43,567million (including VAT). Each year, the amount of revenue share will be provided as specified in the contract. Remuneration in Percentage BMCL agrees to share the income with MRTA in percentage of the income from fares (including VAT) starting from the first year of the service which the income originated, that is year 1 to 14 at the rate of 1%, year 15 at the rate of 2%, year 16 to 18 at the rate of 5% and year 19 to year 25, at the rate of 15%, paid monthly. Remuneration from commercial development Annual Remuneration BMCL agrees to share the income from the commercial development with MRTA annually throughout the term of the contract in the amount of Baht 930 million (including VAT) from the first year of the service which the income originated, that is Baht 10 million per year for year 1 - 8 and 50 million baht per year for year 9 to 25. Renumeration in Percentage BMCL agrees to share the income from the commercial development with MRTA at the rate of 7% per annum (including VAT) from the first year of the service starts which the income originated until the end of the term under the contract, paid monthly. Other income other income is receive from Remuneration of commercial Development Activities (apart from comcession content) which permitted by MRTA Board of Director Detailas follow; (1) Income from provision of telecommunications service BMCL sought permission to operate commercial development business by providing telecommunications services and established BMCL Network Co., Ltd. (BMCL hold 70% of the shares; the remaining 30% are held by persons with experience in telecommunication technics) (currently Bangkok Metro Network Co., Ltd.) to operate the business and share with BMCL the income from provision of IRDN device service and space lease prior to deducting any expenses at the rate of 25% for year 1 - year 5 and 35% for year 6-15 and pay Baht 30,000 per month per station. BMCL will share such income with MRTA at the rate of 7% of the income received throughout the 15-year term of the contract, including remuneration from investment in BMCL Network Co., Ltd. namely dividend and profit from selling the shares held.


Resolution of MRTA Board of Directors Meeting No. 8/2006 on 28 July 2006 approved, in principle the guideline for commercial development by BMCL to provide telecommunications services where it authorizes its subsudiary BMCL Network Co., Ltd. to provide telecommunications services within the stations and tracks by taking into account all safety aspects. The MRTA Board of Directors assigned the Business Development Sub-Committee and Law and Regulation Sub-Committee to consider rights, benefits and returns that MRTA is supposed to receive from the telecommunications services in the stations, especially in the MRT tunnels as these areas are not included in the concession contract, and negotiate with BMCL fair income sharing between MRTA and BMCL. The MRTA Board of Directors also approved the company to collect revenues from telecommunications services but revenue sharing shall not be shared until the negotiations are concluded.

The contract allowing provision of telecommunications services between BMCL and BMCL Network Co., Ltd. (currently Bangkok Metro Network Co., Ltd.) dated 1 October 2007, specifies that BMCL Network Co., Ltd must pay remuneration to BMCL at the rate of 50% for year 1 - 5 and 60% for the last ten years, with Baht 30,000 paid as fee to the stations per month. Resolution of the MRTA Board of Directors Meeting No. 14/2012 on 30 August 2012 approved MRTA to calculate remunerationfrom BMCL for provision of telecommunications services within MRT stations for the period of 15 years from 1 October 2007 to 30 September 2022. MRTA is to receive the share of income from the concession contract under clause 8.5 (b) (ii) at the rate of 7% of the income generated by the subsidiary company (AT SOURCE/upstream) from the operator, calculated from the income base including VAT.

(2) Income from advertising and public relations through Passenger Information Display (PID) BMCL requested for approval to operate commercial development business in the form of advertising media management through the PID, by allowing Bangkok Metro Network Co., Ltd. to operate the business for five years. Bangkok Metro Network Co., Ltd. agreed to pay remuneration to BMCL as follows: 1. Royalty: in the amount of Baht 35 million paid upon execution of the contract, in accordance with the installments specified in the contract; 2. Monthly remuneration from the month in which BMCL informs the company to commence advertising through PID system at the rate of Baht 2.5 million for year 1 - 2, Baht 3 million for year 3 - 4, and Baht 4 million for year 5. 3. Additional remuneration other than monthly remuneration under clause 2, paid annually in accordance with the terms of income generated from the management of advertising media through PID (prior to deducting any expense) at the following rates: 3.1 If Bangkok Metro Network Co., Ltd. generates income from advertising through the PID in the amount exceeding Baht 30 million, but not more than Baht 50 Million for a certain year, Bangkok Metro Network Co., Ltd. will pay remuneration for the part in excess of Baht 30 million to BMCL at the rate of 20%. 3.2 If Bangkok Metro Network Co., Ltd. generates income from advertising through the PID in the amount exceeding Baht 50 million, but not more than Baht 70 Million for a certain year, Bangkok Metro Network Co., Ltd. will pay remuneration for the part in excess of Baht 50 million to BMCL at the rate of 25%. 3.3 If Bangkok Metro Network Co., Ltd. generates income from advertising through the PID in the amount exceeding Baht 70 million, but not more than Baht 90 Million for a certain year, Bangkok Metro Network Co., Ltd. will pay remuneration for the part in excess of Baht 30 million to BMCL at the rate of 30%. 3.4 If Bangkok Metro Network Co., Ltd. generates income from advertising through the PID in the amount exceeding Baht 90 million, Bangkok Metro Network Co., Ltd. will pay remuneration for the part in excess of Baht 90 million to BMCL at the rate of 35%.


Resolution of the MRTA Board of Directors Meeting No. 13/2012 on 13 July 2012 approved BMCL to operate commercial development business in the form of advertising media management through the PID, on condition that BMCL share 7% of the income which its subsidiary receives (AT SOURCE/upstream) with MRTA. (3) Remuneration as compensation for dividend Resolution of the MRTA Board of Directors Meeting No. 6/2552 on 22 July 2009 approved, in principle, the restructuring of management in commercial development by merging Triads Network Co., Ltd. and Metro Mall Development as Bangkok Metro Network Co., Ltd., with the conditions that no matter how much the operating result of Bangkok Metro Network Co., Ltd. is, BMCL shall pay remuneration as compensation for dividend to MRTA from 2009 annually, not less than Baht 274,400 per year within April of the following year, every year. In any year, if the advertising and public relations business and/or retail business show better operating results, MRTA will negotiate with BMCL to request additional remuneration as compensation for the increased dividend annually. Resolution of the MRTA Board of Directors Meeting No. 9/2011 on 25 August 2011 approved MRTA to adjust the resolution of the MRTA Board Meeting No. 6/2009 on 22 July 2009, to specify that BMCL must pay remuneration as compensation for dividend to MRTA annually, starting from 2009 at the rate of 7% of the remuneration for the dividend, but which shall not be lower than Baht 274,400 per year. Resolution of the MRTA Board of Directors Meeting No. 13/2012 on 19 July 2012 approving MRTA to accept remuneration conditions as compensation for dividend in the form of MRT tickets, amounting to Baht 274,400 per year, starting from 2009 to 9 March 2015 from BMCL. Such ticket must not specify any conditions such as expiration date, prohi bition of sale, etc. The remuneration conditions in the form of tickets is to be only for the remuneration as compensation for dividend. This is because such tickets are considered to be an asset paid in place of remuneration as compensation for dividend to MRTA. Therefore, it is requested that the remuneration is recorded. However, from 2012 until 9 March 2015, if Bangkok Metro Net work Co., Ltd. is able to pay remuneration to BMCL, BMCL shall deliver the share of income at the rate of 7% of the dividend received to MRTA in cash.

2012

Unit: Million Baht

Remuneration from commercial development not included as terms & concitions under the the Concession Contract (1) Income from provision of telecommunications services 4.05 2.30 (2) Income from advertising and public relations through Passenger Information Display (PID) 3.08 2.43 (3) Remuneration as compensation for dividend 0.26 0.26 Total 7.39


the Cost Method

2013


6.23 Other income apart from Concession provision not recognized as revenue Other Income (not yet recognized), not included as terms & conditions under the Concession Contract The source of unrecognized revenue came from commercial development where MRTA and BMCL have different interpretations of the Concession Agreement I providing telecommunications services, advertising and PR through the PID. BMCL as the concessionaire manages the commercial development as stated in (1) and (2) on previous page via its subsidiary company. BMCL receives its share of revenue from its subsidiary, then shares this 7% of revenue to MRTA. However, MRTA interprets that it is to receive 7% of this revenue (from commercial development) directly from MRTA’s subsidiary, not form BMCL. As a result, MRTA Board appointed a team to negotiate the differences in interpretation with a view to conclude all outstanding issues within MRTA law and regulations. Form its 2/2013 meeting on 19 June 2013, the team issued a resolution advocating BMCL to provide 7% of its share of revenue (generated from telecommunication services and PID, received from its subsidiary) to MRTA first until the negotiations are concluded. In this accounting period, MRTA recognized the revenue (from telecommunications services, advertisements & PR from PID and compensation from dividend) from BMCL (ie. 7% of the revenue that BMCL received from its subsidiary). From October 2007 to September 2013 , a total of Baht 24.25 million (from the three sources of business) or Baht 15.76 million , Baht 17.12 million and Baht 1.37 million respectively were received. The difference of Baht 11.12 million in revenue due to different interpretation issues of the Concession Agreement are not recognized. Other Income (not included under the Concession Contract) that is not yet recognized as detailed below. All income has included the VAT.

Relate Income from AT SOURCE

Income from provision of telecommunications services 14.30 4.01 5.49 23.80

Income from advertising and public relations 1.89 3.61 4.70 10.20

through Passenger Information Display (PID)

Remuneration as compensation for dividend 0.83 0.27 0.27 1.37

Total 17.02 7.89 10.46 35.37

2007-2011 2012 2013 Total

Unit: Million Baht

Income from BMCL

Difference Income not yet recognized as income




Remuneration as compensation for dividend 0.83 0.27 0.27 1.37

Total 11.02 5.33 7.90 24.25




Remuneration as compensation for dividend - - - -

Total 6.00 2.56 2.56 11.12

2007-2011 2012 2013 Total

2007-2011 2012 2013 Total


6.24 Gains from Foreign Exchange

2012

Unit: Million Baht

The Actual Profit from currency exchange rate 2,817.74 243.65Gains from mark-to-market 15,012.09 1,751.75Total 17,829.83 1,995.40


the Cost Method2013

6.25 Financial Costs

2012

Unit: Million Baht

Bond Interest Expenses 18.87 26.36Financial Institution loans Interest expenses - International loans for Construction Project 1,245.12 987.19 - Domestic loans for Construction Project 402.74 364.85 - Domestic loans for BMCL PLC share purchase. - 6.11 Total 1,666.73 1,384.51International Front End Fee 8.65 16.42For Loan Rollover Fee 55.14 33.73Early Repayment Fee 46.50 - Total 110.29 50.15Financial Costs 1,777.02 1,434.66Less Recognized Captitalization - Interest Paid 858.97 570.43 - International Front End Fee 8.65 16.42 - Fee for Loan Rollover 55.14 33.73 Total 922.76 620.58Balance 854.26 814.08


the Cost Method

2013


Demand for land compensation 1. M.R.T. Chaloem Ratchamongkhon Line Project 2 41.84 1 0.762. The Purple Line, Bang Yai-Rat Burana Project: Bang Yai - Bang Sue Section 58 3,186.65 11 103.083. The Blue Line Project: Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections 73 3,001.19 - -4. The Green Line Project: Bearing - Samut Prakarn Section 4 201.60 - - 137 6,431.28 12 103.84 Others 3 1.70 1 0.92 140 6,432.98 13 104.76

Damages

Number of Cases

CapitalMillion Baht

Number of Cases

Amount of Money

Million Baht

Unit: Million Baht

6.26 Contingent Liabilities Legal action have been taken against MRTA on demanding additional compensation of the lands and others of various MRT lines as follow.

Out of 140 cases, 3 cases are pending consideration of the Supreme Court. 19 cases are being appealed at the Supreme Administrative Court. 115 are pending consideration of the Central Administrative Court. 1 case is being appealed an appeal period. And 2 cases are under the consideration of Nonthaburi District Court. 6.27 Operation Results of MRT Projects On November 7, 2006, the Cabinet passed a Resolution approving in principle the development of Mass Rapid Transit system in Bangkok in accordance with priority. MRTA has been assigned to operate the following new lines and extensions: 6.27.1 MRT Projects under Construction 6.27.1 (1) The Purple Line Project, Bang Yai - Rat Burana: Bang Yai - Bang Sue Section The Cabinet passed a resolution approving the credit limit for investment of Baht 60,185 million for MRTA to operate its projects with respect to land acquisition and civil work construction, as well as trackwork. As for M&E system works and operation of trains, the cabinet passed a resolution dated 12 January 2010 acknowledging and approving the resolution of the economic Cabinet dated 6 January 2010 allowing the private investment in the M&E system and operation of The Purple Line Project: Bang Yai - Bang Sue Section in the form of PPP Gross Cost. Subsequently, the Cabinet passed a resolution on 16 November 2010 allowing one private entity to invest in the Bang Yai - Tao Poon Section. Investment credit limits are as follows :

Land acquisition cost 9,209.00 18 December 2007Civil works cost 36,055.00 2 October 2007 17 June 2008Consultant fee 1,678.00 2 October 2008 17 June 2008 12 January 2010M&E system 13,243.00 12 January 2010Total 60,185.00

Investment Credit Limit Million Baht Cabinet Resolution Date


Co

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(Million

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)Disb

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(Million

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)

Con

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1.

Tabl

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MR

TA P

roje

cts

durin

g C

onst

ruct

ion

Land

Acqu

isiti

onCo

nstruc

tion

Cons

ultant

fee

Total

Land

Acqu

isiti

onCo

nstruc

tion

Cons

ultant

fee

Total

Entry


6.27.1 (2) The Blue Line Project: Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections The Cabinet approved an investment credit limit of Baht 83,123 million for land acquisition and civil work construction. The cabinet had a resolution acknowledging the result of tender for civil work on September 28, 2010. As for M&E system and operation of trains, the cabinet passed a resolution on December 28, 2010, approving in principle private investment. At present, the result of the study of advantages and disadvantages of different methods of operation is being considered by the committee for selection of a private entity to invest in and operate the Blue Line Project: Hua Lamphong - Bang Kae Section and Tao Poon - Tha Pra Section.Investment credit limits are as follows:

Land Acquisition 5,900.00 27 May 2008Civil Works 52,460.00 27 May 2008 24 May 2009Consultant fee 2,622.00 27 May 2008 28 May 2010M&E system 22,141.00 Awaiting Cabinet’s approvalTotal 83,123.00

Investment Credit Limit Million Baht Cabinet Resolution

Details of the operation results of the construction of the above projects are shown in table 2.


6.27 Operation Results of MRT Projects (continued) Table 2: MRTA Projects during Construction

LandAcquisition

ConstructionConsultant Total *Consultant LandAcquisition

Construction Consultant Total *ConsultantEntry

Construction of the Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections 5,900.00 5,900.00 4,848.27 4,848.27 Consultant fee for feasibility study of project design and preparation of tender document for extension and new line projects (BMTD) *588.07 - Hua Lamphong - Bang Kae Section *113.19 - Bang Sue - Tha Pra Section *105.11 Consultant fee for operation under the Act on Private Prticipation in State Undertaking B.E. 2535 - Extensions (BMTC) 223.10 223.10 205.13 205.13 Consultant fee for project management (civil work) - PMC Index Group 726.13 726.13 292.86 292.86 Consultant fee for construction supervision: Blue Line Project Hua - Lamphong - Bang Kae and Bang Sue - Tha Pra Sections (additional agreement) - PMC Index Group 244.38 244.38 47.21 47.21 Consultant fee for construction supervision - CSCBL Consortium 1,210.00 1,210.00 613.62 613.62 Construction cost: contract No. 1 - Italian-Thai Development Plc. 11,441.08 11,441.08 5,375.26 5,375.26 Construction cost: contract No. 2 - CH. Karnchang 10,687.64 10,687.64 5,655.35 5,655.35 Construction cost: contract No. 3 - SH-UN Joint Venture 11,284.78 11,284.78 3,700.75 3,700.75 Construction cost: contract No. 4 - Sino-Thai 13,334.99 13,334.99 3,528.99 3,528.99 Construction cost: contract No. 5 - CH. Karnchang 4,999.13 4,999.13 3,113.86 3,113.86 Total 5,900.00 51,747.62 2,403.61 60,051.23 4,848.27 21,374.21 1,158.82 27,381.30

Contract Price (Million Baht) Disbusement (Million Baht)

Engagement of consultants in accordance with the Cabinet resolution, beyond the investment credit limit *Consultant fee under the cabinet resolution on August 15, 2006 with credit limit of Baht 588.07 million


6.27 Operation Results of MRT Projects (continued) 6.27.1 (3) The Green Line Project: Mo Chit - Sapan Mai Section and Bearing - Samut Prakarn Section The Cabinet resolution on 27 November 2008 approved the investment credit limit for Mo Chit - Sapan Mai Section in the amount of Baht 21,789 million and Bearing - Samut Prakarn Section in the amount of Baht 19,163 million, detailed as follows:

Unit: Million Baht

Land Acquisition cost (including survey cost) 2,394.00 1,311.00Civil Construction 18,723.00 17,233.00Consultant fee 672.00 619.00Total 21,789.00 19,163.00

Bearing – Samut PrakarnMo Chit - Sapan Mai

For the Mo Chit - Sapan Mai Section the Cabinet resolution on 9 March 2010 approved in principle the extension of the Green Line Project: Mo Chit - Sapan Mai Section to be Mo Chit - Sapan Mai - Khu Khot Section, and moved the depot south of Don Muang Airport to Khu Khot sub-district. Therefore, MRTA and the Office of Transport and Traffic Policy and Planning had to consider adjusting the routes and improving construction plan in the area. On 10 September 2012, there was a meeting to consider the form of investment and train operation model of The Green Line Project: Mo Chit - Sapan Mai - Khu Khot - Lamluka Section and Bearing Samut Prakarn - Bangpu Section, which approved MRTA to propose the cabinet to consider approving the operation of the Dark Green Line Project: Mo Chit - Sapan Mai - Khu Khot Section in the same time for consistency of the projects. Details of the operation results of the construction of the Bearing-Samut Prakarn Line is shown in table 3.

Table 3: MRTA Projects during Construction

LandAcquisition

Construction Consultant Total **Consultant LandAcquisition

Construction Consultant Total **ConsultantEntry

Construction of The Green Line Project: Bearing - Samut Prakarn Section 1,311.00 1,311.00 1,112.27 1,112.27 Consultant fee for preparation of report on analysis study for projects under the Act on Private Participation in State Undertaking - TESCO MAA Consortium **2.49 **2.07 Project Consultant Fee - GBSC 603.61 603.61 237.15 237.15 Consultant fee for selection of civil work contractor, investor in M&E system and service provider of trains **13.98 *3.91 Civil work: Contract No. 1 - CH. Karnchang 14,088.60 14,088.60 1,945.53 1,945.53 Civil work: Contract No. 2 - CH. Karnchang 2,400.00 2,400.00 280.22 280.22 Total 1,311.00 16,488.60 603.61 18,403.21 1,112.27 2,225.75 237.15 3,575.17

**Consultant fee beyond the investment credit limit

Contract Price (Million Baht) Disbursement (Million Baht)


6.27 Operation Results of MRT Projects (continued) 6.27.2 MRTA projects under analysis study, with expenses relating to consultant fee are detailed as follow:

1. Construction of The Purple Line Project, Bang Yai - Rat Burana Bang Sue - Rat Burana Section - Consultant fee for feasibility study of, project design and preparation of tender document for extension and new line projects (BMTD) *588.07 *161.70 - Consultant fee for feasibility study of, project design and preparation of tender document for extension and new line projects (BMTP) 137.61 67.732. Construction of the Orange Line Project: Bangkapi - Bang Bamru Section Consultant fee for feasibility study of, project design and preparation of tender document for extension and new line projects (BMTD) *588.07 *194.043. Construction of the Green Line Project: Mo Chit - Sapan Mai Section ESCO MAA Consortium Consultant fee for preparation of report on project analysis study under the Act on Private Participation in State Undertaking B.E. 2535 - TESCO MAA Consortium **2.49 **2.07 Consultant fee for selection of civil work contractor, investor in M&E system and service provider of trains **13.98 -4. Construction of the Pink Line Project : Khae Rai - Min Buri Section Consultant fee for study, revision, and preparation of tender document 34.00 7.955. Construction of the Orange Line Project : Taling Chan - Min Buri Section Consultant fee for study, revision, and preparation of tender document 208.90 100.596. Construction of the Yellow Line Project : Lad Prao - Samrong Section Consultant fee for study, revision, and preparation of tender document (BMTY) 124.45 32.27

Entry Contract Price(Million Baht)

Disbursement(Million Baht)

Engagement of consultant in accordance with the cabinet resolution, beyond the investment credit limit * Consultant fee under the cabinet resolution on 15 August 2006 No.1 and 2 projects share the same contract **Consultant fee beyond the investment credit limit (Used for payment from MRTA’s income.)

6.28 Incident after Financial Statement Date On 18 December 2013 BMCL increased the share capital from Baht 11,950 million (11,950 million shares, 1 Baht per share) to Baht 18,226 million (18,226 million shares, 1 Baht per share) and on 25 December 2013 BMCL again increased its share capital from Baht 18,226 million (18,226 million shares, 1 Baht per share) to Baht 20,500 million (20,500 million shares, 1 Baht per share). This share issue of Baht 8,550 million (1 Baht per share) raised additional capital of Baht 8,550 million classified as follow; A) Allocation of new common share of 8,550 million share with value 1 baht each to existing shareholder by former proportion (1.3977 : 1 share by 1 Baht per share price). B) Allocate the remaining shares from A) to existing shareholders who wish to purchase over their right. C) Allocate the remaining shares from B) as private placement in accordance with the resolution from the Extraordinary General Meeting of the sharaholders allowing BMCL Executive Board or an authhorized person as specified by BMCL’s Executive Board to have the right to allocate shares for privata placement.


MRTA decline to invest in increasing share as a result, MRTA share decreases from 25% to 14.57%.

6.29 Date Approved to Issue Financial Statements The Governor of the Mass Rapid Transit Authority of Thailand approved the issuance of the financial statements on 17 April 2014


Message from MRTA's Chairperson

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Transcript of Message from MRTA's Chairperson