10. Inter-Company Transaction

The inter-business items between the Company and individuals who are
related can be shown as belows:

10.1 Inter-company transaction for the year ended on December 31, 2009,
2008 and 2007

  (a) Inter-revenues and expenses

+----------------+-------+-------+------+-------+------+------+------+
|                | N     | Type  | Po   | For   |      |      |      |
|                | ature | of    | licy | the   |      |      |      |
|                | of    | rel   | of   | years |      |      |      |
|                | Bus   | ation | int  | ended |      |      |      |
|                | iness |       | er-p | Dec   |      |      |      |
|                |       |       | rice | ember |      |      |      |
|                |       |       | set  | 31,   |      |      |      |
|                |       |       | ting |       |      |      |      |
+----------------+-------+-------+------+-------+------+------+------+
|                |       |       |      | Co    | Sepa | F    |      |
|                |       |       |      | nsoli | rate | inan |      |
|                |       |       |      | dated | f    | cial |      |
|                |       |       |      | fina  | inan | st   |      |
|                |       |       |      | ncial | cial | atem |      |
|                |       |       |      | state | st   | ents |      |
|                |       |       |      | ments | atem | in   |      |
|                |       |       |      |       | ents | w    |      |
|                |       |       |      |       |      | hich |      |
|                |       |       |      |       |      | the  |      |
|                |       |       |      |       |      | eq   |      |
|                |       |       |      |       |      | uity |      |
|                |       |       |      |       |      | me   |      |
|                |       |       |      |       |      | thod |      |
|                |       |       |      |       |      | is   |      |
|                |       |       |      |       |      | app  |      |
|                |       |       |      |       |      | lied |      |
|                |       |       |      |       |      | to   |      |
|                |       |       |      |       |      | in   |      |
|                |       |       |      |       |      | vest |      |
|                |       |       |      |       |      | ment |      |
+----------------+-------+-------+------+-------+------+------+------+
|                |       |       |      | 2009  | 2009 | 2008 | 2007 |
+----------------+-------+-------+------+-------+------+------+------+
| Interest       |       |       |      | Tho   | Thou | Thou | Thou |
| receivable     |       |       |      | usand | sand | sand | sand |
| values         |       |       |      | Baht  | Baht | Baht | Baht |
+----------------+-------+-------+------+-------+------+------+------+
| Plearn Patt    | Pr    | Subsi | A    | -     | 114  | 556  | -    |
| Co., Ltd.      | ivate | diary | Bank |       |      |      |      |
|                | S     | Co    | Inte |       |      |      |      |
|                | chool | mpany | rest |       |      |      |      |
|                |       |       | rate |       |      |      |      |
|                |       |       | at   |       |      |      |      |
|                |       |       | MOR  |       |      |      |      |
|                |       |       | per  |       |      |      |      |
|                |       |       | a    |       |      |      |      |
|                |       |       | nnum |       |      |      |      |
+----------------+-------+-------+------+-------+------+------+------+
| Land rented    |       |       |      |       |      |      |      |
+----------------+-------+-------+------+-------+------+------+------+
| Shareh         | -     | Re    | Mutu | 208   | -    | -    | -    |
| older/director |       | lated | ally |       |      |      |      |
| of             |       | p     | ag   |       |      |      |      |
|                |       | erson | reed |       |      |      |      |
| subsidiary     |       |       | a    |       |      |      |      |
|                |       |       | gree |       |      |      |      |
|                |       |       | ment |       |      |      |      |
+----------------+-------+-------+------+-------+------+------+------+
| Amortized land |       |       |      |       |      |      |      |
| leasehold      |       |       |      |       |      |      |      |
| right          |       |       |      |       |      |      |      |
+----------------+-------+-------+------+-------+------+------+------+
| Shareh         | -     | Re    | Mutu | 88    | -    | -    | -    |
| older/director |       | lated | ally |       |      |      |      |
| of             |       | p     | ag   |       |      |      |      |
|                |       | erson | reed |       |      |      |      |
| subsidiary     |       |       | a    |       |      |      |      |
|                |       |       | gree |       |      |      |      |
|                |       |       | ment |       |      |      |      |
+----------------+-------+-------+------+-------+------+------+------+
| Interest       |       |       |      |       |      |      |      |
| expenses       |       |       |      |       |      |      |      |
+----------------+-------+-------+------+-------+------+------+------+
| Shareh         | -     | Re    | 3-6% | 11    | -    | -    | -    |
| older/director |       | lated | per  |       |      |      |      |
| of             |       | p     | a    |       |      |      |      |
|                |       | erson | nnum |       |      |      |      |
| subsidiary     |       |       |      |       |      |      |      |
+----------------+-------+-------+------+-------+------+------+------+
| Purchase goods |       |       |      |       |      |      |      |
| values         |       |       |      |       |      |      |      |
+----------------+-------+-------+------+-------+------+------+------+
| Plearn Patt    | Pr    | Subsi | Ma   | -     | 321  | 1    | -    |
| Co., Ltd.      | ivate | diary | rket |       |      | ,608 |      |
|                | S     | Co    | p    |       |      |      |      |
|                | chool | mpany | rice |       |      |      |      |
+----------------+-------+-------+------+-------+------+------+------+

+----------------+--------+-------+------+-------+------+------+-----+
|                | Nature | Type  | Po   | For   |      |      |     |
|                | of     | of    | licy | the   |      |      |     |
|                | Bu     | rel   | of   | years |      |      |     |
|                | siness | ation | int  | ended |      |      |     |
|                |        |       | er-p | Dec   |      |      |     |
|                |        |       | rice | ember |      |      |     |
|                |        |       | set  | 31,   |      |      |     |
|                |        |       | ting |       |      |      |     |
+----------------+--------+-------+------+-------+------+------+-----+
|                |        |       |      | Co    | Sepa | F    |     |
|                |        |       |      | nsoli | rate | inan |     |
|                |        |       |      | dated | f    | cial |     |
|                |        |       |      | fina  | inan | st   |     |
|                |        |       |      | ncial | cial | atem |     |
|                |        |       |      | state | st   | ents |     |
|                |        |       |      | ments | atem | in   |     |
|                |        |       |      |       | ents | w    |     |
|                |        |       |      |       |      | hich |     |
|                |        |       |      |       |      | the  |     |
|                |        |       |      |       |      | eq   |     |
|                |        |       |      |       |      | uity |     |
|                |        |       |      |       |      | me   |     |
|                |        |       |      |       |      | thod |     |
|                |        |       |      |       |      | is   |     |
|                |        |       |      |       |      | app  |     |
|                |        |       |      |       |      | lied |     |
|                |        |       |      |       |      | to   |     |
|                |        |       |      |       |      | in   |     |
|                |        |       |      |       |      | vest |     |
|                |        |       |      |       |      | ment |     |
+----------------+--------+-------+------+-------+------+------+-----+
|                |        |       |      | 2009  | 2009 | 2008 | 2   |
|                |        |       |      |       |      |      | 007 |
+----------------+--------+-------+------+-------+------+------+-----+
|                |        |       |      | Tho   | Thou | Thou | Th  |
|                |        |       |      | usand | sand | sand | ous |
|                |        |       |      | Baht  | Baht | Baht | and |
|                |        |       |      |       |      |      | B   |
|                |        |       |      |       |      |      | aht |
+----------------+--------+-------+------+-------+------+------+-----+
| M & E Co.,     | Pr     | Assoc | Ma   | 492   | 492  | 1    | 1,  |
| Ltd.           | inting | iated | rket |       |      | ,594 | 263 |
|                | office | co    | p    |       |      |      |     |
|                | co     | mpany | rice |       |      |      |     |
|                | mpany, |       |      |       |      |      |     |
|                | pr     |       |      |       |      |      |     |
|                | oduces |       |      |       |      |      |     |
|                | tec    |       |      |       |      |      |     |
|                | hnical |       |      |       |      |      |     |
|                | mag    |       |      |       |      |      |     |
|                | azines |       |      |       |      |      |     |
|                | and    |       |      |       |      |      |     |
|                |        |       |      |       |      |      |     |
|                | Engin  |       |      |       |      |      |     |
|                | eering |       |      |       |      |      |     |
|                |        |       |      |       |      |      |     |
|                | M      |       |      |       |      |      |     |
|                | anuals |       |      |       |      |      |     |
+----------------+--------+-------+------+-------+------+------+-----+
| GMM Grammy     | Media  | Sh    | Ma   | 9,575 | 9    | 10   | 5,  |
| Public Company | &      | areho | rket |       | ,575 | ,202 | 106 |
|                | Pr     | lders | p    |       |      |      |     |
| Limited        | inting |       | rice |       |      |      |     |
+----------------+--------+-------+------+-------+------+------+-----+
| Bliss          | Media  | Co    | Ma   | 1     | 17   | 16   | 20, |
| Publishing     | &      | mpany | rket | 7,834 | ,834 | ,131 | 494 |
| Co., Ltd.      | Pr     | re    | p    |       |      |      |     |
|                | inting | lated | rice |       |      |      |     |
|                |        | with  |      |       |      |      |     |
|                |        | sh    |      |       |      |      |     |
|                |        | areho |      |       |      |      |     |
|                |        | lders |      |       |      |      |     |
+----------------+--------+-------+------+-------+------+------+-----+
| Post           | Media  | Co    | Ma   | 3     | 31   | -    | -   |
| Publishing     | &      | mpany | rket | 1,537 | ,537 |      |     |
| Public Co.,    | Pr     | re    | p    |       |      |      |     |
| Ltd            | inting | lated | rice |       |      |      |     |
|                |        | with  |      |       |      |      |     |
|                |        | sh    |      |       |      |      |     |
|                |        | areho |      |       |      |      |     |
|                |        | lders |      |       |      |      |     |
+----------------+--------+-------+------+-------+------+------+-----+

(b) Inter-asset and liabilities

+------------+----------+---------+------+------+---+------+-----+-----+
|            | Nature   | Type of | Po   | As   |   |      |     |     |
|            | of       | r       | licy | of   |   |      |     |     |
|            | Business | elation | of   | Dece |   |      |     |     |
|            |          |         | int  | mber |   |      |     |     |
|            |          |         | er-p | 31,  |   |      |     |     |
|            |          |         | rice |      |   |      |     |     |
|            |          |         | set  |      |   |      |     |     |
|            |          |         | ting |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
|            |          |         |      | Cons | S |      | Fin |     |
|            |          |         |      | olid | e |      | anc |     |
|            |          |         |      | ated | p |      | ial |     |
|            |          |         |      | f    | a |      | s   |     |
|            |          |         |      | inan | r |      | tat |     |
|            |          |         |      | cial | a |      | eme |     |
|            |          |         |      | st   | t |      | nts |     |
|            |          |         |      | atem | e |      | in  |     |
|            |          |         |      | ents | f |      | wh  |     |
|            |          |         |      |      | i |      | ich |     |
|            |          |         |      |      | n |      | the |     |
|            |          |         |      |      | a |      | equ |     |
|            |          |         |      |      | n |      | ity |     |
|            |          |         |      |      | c |      | met |     |
|            |          |         |      |      | i |      | hod |     |
|            |          |         |      |      | a |      | is  |     |
|            |          |         |      |      | l |      | a   |     |
|            |          |         |      |      | s |      | ppl |     |
|            |          |         |      |      | t |      | ied |     |
|            |          |         |      |      | a |      | to  |     |
|            |          |         |      |      | t |      | i   |     |
|            |          |         |      |      | e |      | nve |     |
|            |          |         |      |      | m |      | stm |     |
|            |          |         |      |      | e |      | ent |     |
|            |          |         |      |      | n |      |     |     |
|            |          |         |      |      | t |      |     |     |
|            |          |         |      |      | s |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
|            |          |         |      | 2009 |   | 2009 | 2   | 2   |
|            |          |         |      |      |   |      | 008 | 007 |
+------------+----------+---------+------+------+---+------+-----+-----+
|            |          |         |      | Thou |   | Thou | Th  | Th  |
|            |          |         |      | sand |   | sand | ous | ous |
|            |          |         |      | Baht |   | Baht | and | and |
|            |          |         |      |      |   |      | B   | B   |
|            |          |         |      |      |   |      | aht | aht |
+------------+----------+---------+------+------+---+------+-----+-----+
| Loans to   |          |         |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| P          | Privat   | Asso    | A    |      |   |      |     |     |
| learn Patt | e School | ciated  | Bank |      |   |      |     |     |
|  Co., Ltd. |          | company | Inte |      |   |      |     |     |
|            |          |         | rest |      |   |      |     |     |
|            |          |         | rate |      |   |      |     |     |
|            |          |         | at   |      |   |      |     |     |
|            |          |         | MOR  |      |   |      |     |     |
|            |          |         | per  |      |   |      |     |     |
|            |          |         | a    |      |   |      |     |     |
|            |          |         | nnum |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| Beginning  |          |         |      | -    |   | 11   | -   | -   |
| balance    |          |         |      |      |   | ,000 |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| Increased  |          |         |      | -    |   | 3    | 16, | -   |
| in the     |          |         |      |      |   | ,000 | 000 |     |
| period     |          |         |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| Received   |          |         |      | -    |   | 14   | (   | -   |
| in the     |          |         |      |      |   | ,000 | 5,0 |     |
| period     |          |         |      |      |   |      | 00) |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| Ending     |          |         |      | -    |   | -    | 11, | -   |
| balance    |          |         |      |      |   |      | 000 |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| Accrued    |          |         |      |      |   |      |     |     |
| interest   |          |         |      |      |   |      |     |     |
| receivable |          |         |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| P          | Privat   | Sub     |      | -    |   | -    | 211 | -   |
| learn Patt | e School | sidiary |      |      |   |      |     |     |
|  Co., Ltd. |          | Company |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| Trade      |          |         |      |      |   |      |     |     |
| accounts   |          |         |      |      |   |      |     |     |
| receivable |          |         |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| Plearn     | Private  | Sub     |      | -    |   | 44   | -   | -   |
| Patt Co.,  | School   | sidiary |      |      |   |      |     |     |
| Ltd.       |          | Company |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| Leasehold  |          |         |      |      |   |      |     |     |
| right on   |          |         |      |      |   |      |     |     |
| land       |          |         |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| S          | -        | Related |      | 8    |   | -    | -   | -   |
| hareholder |          | person  |      | ,045 |   |      |     |     |
| /directors |          |         |      |      |   |      |     |     |
| of         |          |         |      |      |   |      |     |     |
| subsidiary |          |         |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| Trade      |          |         |      |      |   |      |     |     |
| accounts   |          |         |      |      |   |      |     |     |
| payable    |          |         |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| M & E Co., | Printing | Ass     | Ma   | 2    |   | 2    | 2,  | 1,  |
| Ltd.       | office   | ociated | rket | ,314 |   | ,314 | 023 | 999 |
|            | company, | company | p    |      |   |      |     |     |
|            |          |         | rice |      |   |      |     |     |
|            | produces |         |      |      |   |      |     |     |
|            | t        |         |      |      |   |      |     |     |
|            | echnical |         |      |      |   |      |     |     |
|            |          |         |      |      |   |      |     |     |
|            | m        |         |      |      |   |      |     |     |
|            | agazines |         |      |      |   |      |     |     |
|            | and      |         |      |      |   |      |     |     |
|            |          |         |      |      |   |      |     |     |
|            | eng      |         |      |      |   |      |     |     |
|            | ineering |         |      |      |   |      |     |     |
|            | manuals  |         |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| GMM Grammy | Media &  | Share   | Ma   | 4    |   | 4    | 8,  | 5,  |
| Public     | Printing | holders | rket | ,711 |   | ,711 | 870 | 192 |
| Co., Ltd.  |          |         | p    |      |   |      |     |     |
|            |          |         | rice |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| Bliss      | Media &  | Company | Ma   | 4    |   | 4    | 5,  | 6,  |
| Publishing | Printing | related | rket | ,860 |   | ,860 | 231 | 190 |
| Co., Ltd.  |          | with    | p    |      |   |      |     |     |
|            |          | share   | rice |      |   |      |     |     |
|            |          | holders |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+
| Post       | Media &  | Company | Ma   | 5    |   | 5    | 1,  | -   |
| Publishing | Printing | related | rket | ,709 |   | ,709 | 946 |     |
| Public     |          | with    | p    |      |   |      |     |     |
| Co., Ltd   |          | share   | rice |      |   |      |     |     |
|            |          | holders |      |      |   |      |     |     |
+------------+----------+---------+------+------+---+------+-----+-----+

0.  10.2 Need and reasons of related party transactions Transactions
    amongst the Company, associated companies and related parties shall
    be approved by the Audit Committee in the meeting, for fair
    transactions and appropriate costs compared to other persons
    transactions and no interests transfer between the Company
    subsidiaries, associated companies and related parties.

The Board of Directors approved the principles and suggestion of
Securities Exchange Commission in accordance with the Section 89/12 (1)
of Securities and Exchange Act (No.4) B.E. 2551 to allow the company
management to enter in to any business transaction between the Company
and its subsidiaries and directors, executives or related persons. The
transaction with the same commercial terms as those an ordinary person
would agree with any unrelated counterparty under the similar
circumstances, on the basis of business negotiation which is without any
influences directly resulted from the company’s positions of director,
executive, or related person. However, the Board of Directors has
assigned the Audit Committees the task to present the items which may
pose a conflict of interest and any related items for the transaction
over 2 million Baht per quarter and reports it directly to the Board of
Directors to acknowledge in a quarterly basis.

10.3 Policy and trend of future transactions The Company may have
transactions with major shareholders and executives in the future which
are in the forms of leasing, service providing, and copyright contracts
for the mutual benefit of the Company by disclosure of the types and
amount of related transactions between the Company and probable
conflicted persons in accordance with the promulgations and regulations
of SEC and SET.