11. Inter-Transaction between the Related Companies

In 2006, the Company and its subsidiaries had the following accounting
transactions present among related parties in which the same
shareholders/directors involved:

1.  Molasses trade by the Company and its subsidiaries with Thai
    Fermentation Co., Ltd.: The main transactions shown in the financial
    statements are:

    1.  Income from selling molasses to Thai Fermentation Co., Ltd.
        amounted to THB 194.719.

    2.  Advance payment made by Thai Fermentation Co., Ltd. to the
        Company and its subsidiaries for molasses purchase amounted to
        THB 95.345.

  Thai Fermentation Co., Ltd. is a related company, which is a joint
  venture between the Company’s major shareholders and a Taiwanese firm.
  It manufactures MSG from molasses and/or cassava starch. The prices of
  the two raw materials determine their usage in the manufacturing. The
  Company sells molasses to Thai Fermentation Co., Ltd. at the same
  prices as it does to outsiders. This may be seen from the Advance
  payment. Thai Fermentation Co., Ltd. is a joint venture where the
  number of shares held by the Company’s major shareholders is smaller
  than those of the Company held by major shareholders. Therefore, it is
  not reasonable for the major shareholders to determine unfair prices
  for the benefit of Thai Fermentation Co., Ltd.

  The Audit Committee agreed that such transactions benefited the
  Company. The molasses customer base expanded. The advance payment
  benefited the Company’s financial situation. The transactions were
  considered as the Company’s normal business transactions.

2.  Related transactions between Ban Pong Intertrade Limited and
    Savannakhet Sugar Corporation (Laos): The main transactions shown in
    the financial statements are:

    1.  Receivables: share subscription, the amount owed to Savannakhet
        Sugar Corporation (Laos) by Ban Pong Intertrade Limited, total
        THB 12.842 million.

    2.  Savannakhet Sugar Corporation paid pre-operating expense to Ban
        Pong Intertrade Limited at the amount of THB 8.428 million.

  Ban Pong Intertrade Limited is a related company. With 20-percent
  holding, it has undertaken a joint venture with Khon Kaen Sugar
  Industry Company Limited in the sugarcane plantation and sugar mill
  project in Laos, which is operated by Savanakhet Sugar Corporation.
  Ban Pong Intertrade Limited initiated the project. The pre-operating
  expense amounting to THB 8.428 million was paid by Ban Pong Intertrade
  Limited. After Savannakhet Sugar Corporation was established, the
  expense was paid back. Currently, Savannakhet Sugar Corporation is in
  process for call for share subscription. The amount owed by Ban Pong
  Intertrade Limited as share subscription receivables: totals THB
  12.842 million. Some portion of receivable is expected to be deducted
  from machinery purchase after the machinery purchasing agreement is
  made in the future.

  Except for the relationship in the joint venture, the Company and its
  shareholders are not related to Ban Pong Intertrade Limited and its
  shareholders.

  The Audit Committee audited the transaction and agreed that the
  transaction of pre-operating expense was appropriate. It recommended
  that for share subscription receivables, the company should ask for
  the interest at the market rate.

3.  Related transactions between Prachaup Industry Co., Ltd. and the
    company’s subsidiaries ( KSL Export Trading Co., Ltd. and Thai Sugar
    Terminal Public Company Limited) The main transactions shown in the
    financial statements are:

    1.  KSL Export Trading Co., Ltd. (subsidiary) provided an short-term
        loan during the period for Prachaup Industry Co., Ltd. amounting
        to THB 408.937 million and Prachaup paid back during the period
        amounting to THB 385.697 million.

    2.  Prachaup Industry Co., Ltd. paid rent and services to Thai Sugar
        Terminal Public Company Limited (subsidiary) amounting to THB
        8.428 million.

  Thailand’s sugar export regulation requires that sugar export be done
  through export agents, providing export related services including
  short-term loan financing to members. The KSL Group, hence,
  established KSL Export Trading Co., Ltd. for its own export activities
  with 4 sugar mills of the Company and its subsidiaries, and Prachaup
  Industry Co., Ltd. as members. Providing short-term loans during the
  period, amounting to THB 408.94 million, as a packing credit, is the
  loan of KSL Export Trading Co.,Ltd. from the bank to Prachaup Industry
  Co.,Ltd. This is a normal business of sugar export agent. The purpose
  of this short term loans is to provide a working capital to members by
  securing with the members’ sugar. As of October 2006, Prachaup
  Industry Co.,Ltd. have the loan outstanding at THB 153 million, THB
  76.89 million as working capital and THB 76.28 million as a loan (with
  the principal on 1998 at THB 93.28 million) due for repayment by 2015
  and creditors withhold the right to change the period of payment
  annually.

  The transaction between Prachaup Industry Co., Ltd. and Thai Sugar
  Terminal Public Company Limited (subsidiary) is a normal business for
  the use of exporting through the port of Thai Sugar Terminal Public
  Company Limited.

  The Company’s major shareholders do not hold any shares of Prachaup
  Industry Co., Ltd. 21.68 percent of the shares of KSL Export Trading
  Co., Ltd. is held by Prachaup Industry Co., Ltd. 9.04 percent of the
  shares of Thai Sugar Terminal Public Company Limited is held by
  Prachaup Industry Co., Ltd.

  The Audit Committee audited the transactions and agreed that an
  short-term loan during the period and rent and service transaction
  were normal business of export agents and a port operator. The
  transactions were approved.

4.  Related transactions between KSL Real Estate Co., Ltd. and Khon Kaen
    Sugar Industry Public Company Limited: The main transactions shown
    in the financial statements are:

    1.  Khon Kaen Sugar Industry Public Company Limited provided
        short-term loans for KSL Real Estate Co., Ltd. (subsidiary)
        amounting to THB 13.60 million.

  Khon Kaen Sugar Industry Public Company Limited holds 80.31 percent of
  the shares of KSL Real Estate Co., Ltd. During the year, KSL Real
  Estate Co., Ltd. accepted 3 additional loans (THB 2 million in April
  2006, THB 2.6 million in June 2006, and THB 4 million in October 2006)
  amounting to THB 8.6 million. The amount of THB 400,000 was paid back.
  KSL Real Estate Co., Ltd. has the amount outstanding loan of THB 13.6
  million at the end of period. This additional short-term loans were
  used for building seminar rooms and additional rooms to accommodate
  the KSL Group’s training. Part of them was also used as working
  capital. The Company gave the financial support at the percentage of
  the amount which Real Estate Co.,Ltd asked for, which is in line with
  the percentage of its shares held by the Company.

  The Audit Committee audited and approved the transaction, as it was
  investment to facilitate the KSL Group’s training which is part of
  corporate improvement and growth. The Company calculates the interest
  rate at the market rate.

5.  Related transactions between the management of the Company and Khon
    Kaen Sugar Industry Public Company Limited: The main transactions
    shown in the financial statements are:

    1.  Khon Kaen Sugar Industry Public Company Limited provided advance
        payments to the management of the Company amounting to THB 14.29
        million.

  The advance payments provided to the management of the Company
  amounting to THB 13.17 million were used in the operations of Koh Kong
  Plantation Co., Ltd. and Koh Kong Sugar Industry Co., Ltd. venture. On
  28 July 2006, the Board of Directors approved the 50-percent holding
  of Khon Kaen Sugar Industry Public Company Limited. The two companies
  are currently in process of capital increase, which is expected to be
  completed by January 2007. During the process, for smooth operations
  and achievement, Khon Kaen Sugar Industry Public Company Limited
  provided the advance payments for the project. In accounting, the
  advance payments are realized as advance payments to the management.
  After the registration, the amount will be deducted from the value of
  shares to be paid by the Company.

  The amount of approximately THB1.12 million remaining was advance
  payments provided for the management of the subsidiaries to cover
  general expenses in their operations: sugarcane plantation of
  Savannakhet Sugar Corporation and KSL Agro Co., Ltd.

  The Audit Committee audited and approved the transaction, as it was
  parts of investment approved by the Company’s Board of Directors and
  part of regular business operations.

Other related transactions are shown in the Financial Statements as
follows:

  11.1 Inter-Assets and Liabilities

  (Unit : THB)

[TABLE]

  (Unit : THB)

+---------------------------+-------+-------+-------+---+-------+-------+
| Type of                   | Re    | Co    |       |   | The   |       |
| Transaction/Company Name  | latio | nsoli |       |   | Co    |       |
|                           | nship | dated |       |   | mpany |       |
|                           |       |       |       |   | Only  |       |
+---------------------------+-------+-------+-------+---+-------+-------+
|                           |       | As at |       |   | As at |       |
|                           |       | Oc    |       |   | Oc    |       |
|                           |       | tober |       |   | tober |       |
|                           |       | 31,   |       |   | 31,   |       |
+---------------------------+-------+-------+-------+---+-------+-------+
|                           |       | 2006  | 2005  |   | 2006  | 2005  |
+---------------------------+-------+-------+-------+---+-------+-------+
|   - Trade Accounts and    |       |       |       |   |       |       |
|   Notes Payable           |       |       |       |   |       |       |
+---------------------------+-------+-------+-------+---+-------+-------+
|   Tamaka Sugar Industry   | Subsi | -     | -     |   | 28,   | 13,   |
|   Co., Ltd.               | diary |       |       |   | 838,3 | 162,9 |
|                           |       |       |       |   | 19.00 | 69.97 |
+---------------------------+-------+-------+-------+---+-------+-------+
|   New Krung Thai Sugar    | Subsi | -     | -     |   | 15,   | -     |
|   Factory Co., Ltd.       | diary |       |       |   | 274,9 |       |
|                           |       |       |       |   | 96.86 |       |
+---------------------------+-------+-------+-------+---+-------+-------+
|   New Kwang Soon Lee      | Subsi | -     | -     |   | 2,    | -     |
|   Sugar Factory Co., Ltd. | diary |       |       |   | 530,2 |       |
|                           |       |       |       |   | 82.50 |       |
+---------------------------+-------+-------+-------+---+-------+-------+
|   Khon Kaen Alcohol Co.,  | Subsi | -     | -     |   | 981,4 | -     |
|   Ltd.                    | diary |       |       |   | 08.00 |       |
+---------------------------+-------+-------+-------+---+-------+-------+
|   Thai Sugar Terminal     | Subsi | -     | -     |   | 134,2 | 62,4  |
|   Public Company Limited  | diary |       |       |   | 12.71 | 70.06 |
+---------------------------+-------+-------+-------+---+-------+-------+
|   Total                   |       | -     | -     |   | 47,   | 13,   |
|                           |       |       |       |   | 759,2 | 225,4 |
|                           |       |       |       |   | 19.07 | 40.03 |
+---------------------------+-------+-------+-------+---+-------+-------+

  Advance made to the management of the Company for THB 13.17 million
  was cash reserve for expenses to be incurred in the investment project
  under Koh Kong Plantation Co., Ltd. which was in the process of
  incorporation in the Kingdom of Cambodia.

(Unit : THB)

+-------------------------+--------+-------+-------+---+---+------+-------+
| Type of                 | Relati | Co    |       |   | T |      |       |
| Transaction/Company     | onship | nsoli |       |   | h |      |       |
| Name                    |        | dated |       |   | e |      |       |
|                         |        |       |       |   | C |      |       |
|                         |        |       |       |   | o |      |       |
|                         |        |       |       |   | m |      |       |
|                         |        |       |       |   | p |      |       |
|                         |        |       |       |   | a |      |       |
|                         |        |       |       |   | n |      |       |
|                         |        |       |       |   | y |      |       |
|                         |        |       |       |   | O |      |       |
|                         |        |       |       |   | n |      |       |
|                         |        |       |       |   | l |      |       |
|                         |        |       |       |   | y |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|                         |        | As at |       |   | A |      |       |
|                         |        | Oc    |       |   | s |      |       |
|                         |        | tober |       |   | a |      |       |
|                         |        | 31,   |       |   | t |      |       |
|                         |        |       |       |   | O |      |       |
|                         |        |       |       |   | c |      |       |
|                         |        |       |       |   | t |      |       |
|                         |        |       |       |   | o |      |       |
|                         |        |       |       |   | b |      |       |
|                         |        |       |       |   | e |      |       |
|                         |        |       |       |   | r |      |       |
|                         |        |       |       |   | 3 |      |       |
|                         |        |       |       |   | 1 |      |       |
|                         |        |       |       |   | , |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|                         |        | 2006  | 2005  |   | 2 |      | 2005  |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 6 |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
| - Short-Term Loans due  |        |       |       |   |   |      |       |
| from                    |        |       |       |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   New Kwang Soon Lee    | Subs   |       |       |   |   |      |       |
|   Sugar Factory Co.,    | idiary |       |       |   |   |      |       |
|   Ltd.                  |        |       |       |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Beginning balance     |        | -     | -     |   |   | -    | 20,   |
|                         |        |       |       |   |   |      | 000,0 |
|                         |        |       |       |   |   |      | 00.00 |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Increase in the       |        | -     | -     |   |   | -    | -     |
|   period                |        |       |       |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Decrease in the       |        | -     | -     |   |   | -    | (20,0 |
|   period                |        |       |       |   |   |      | 00,00 |
|                         |        |       |       |   |   |      | 0.00) |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Ending balance        |        | -     | -     |   |   | -    | -     |
+-------------------------+--------+-------+-------+---+---+------+-------+
|                         |        |       |       |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   K.S.L. Real Estate    | Subs   |       |       |   |   |      |       |
|   Co., Ltd.             | idiary |       |       |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Beginning balance     |        | -     | -     |   | 5 |      | 5,    |
|                         |        |       |       |   | , |      | 400,0 |
|                         |        |       |       |   | 4 |      | 00.00 |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | , |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | . |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Increase in the       |        | -     | -     |   | 8 |      | -     |
|   period                |        |       |       |   | , |      |       |
|                         |        |       |       |   | 6 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | , |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | . |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Decrease in the       |        | -     | -     |   | ( |      | -     |
|   period                |        |       |       |   | 4 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | , |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | . |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | ) |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Ending balance        |        | -     | -     |   | 1 |      | 5,    |
|                         |        |       |       |   | 3 |      | 400,0 |
|                         |        |       |       |   | , |      | 00.00 |
|                         |        |       |       |   | 6 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | , |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | . |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|                         |        |       |       |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   KSL. Agro Co., Ltd.   | Subs   |       |       |   |   |      |       |
|                         | idiary |       |       |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Beginning balance     |        | -     | -     |   | - |      | -     |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Increase in the       |        | -     | -     |   | 7 |      | -     |
|   period                |        |       |       |   | 5 |      |       |
|                         |        |       |       |   | , |      |       |
|                         |        |       |       |   | 5 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | , |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | . |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Decrease in the       |        | -     | -     |   | ( |      | -     |
|   period                |        |       |       |   | 7 |      |       |
|                         |        |       |       |   | 5 |      |       |
|                         |        |       |       |   | , |      |       |
|                         |        |       |       |   | 5 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | , |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | . |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | 0 |      |       |
|                         |        |       |       |   | ) |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Ending balance        |        | -     | -     |   | - |      | -     |
+-------------------------+--------+-------+-------+---+---+------+-------+
|                         |        |       |       |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Prachaup Industry     | R      |       |       |   |   |      |       |
|   Co., Ltd.             | elated |       |       |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Beginning balance     |        | 129,  | 121,  |   | - |      | -     |
|                         |        | 927,5 | 983,2 |   |   |      |       |
|                         |        | 50.00 | 00.00 |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Increase in the       |        | 408,  | 178,  |   | - |      | -     |
|   period                |        | 937,3 | 976,8 |   |   |      |       |
|                         |        | 50.00 | 00.00 |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Decrease in the       |        | (     | (     |   | - |      | -     |
|   period                |        | 385,6 | 171,0 |   |   |      |       |
|                         |        | 97,52 | 32,45 |   |   |      |       |
|                         |        | 0.00) | 0.00) |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+
|   Ending balance        |        | 153,  | 129,  |   | - |      | -     |
|                         |        | 167,3 | 927,5 |   |   |      |       |
|                         |        | 80.00 | 50.00 |   |   |      |       |
+-------------------------+--------+-------+-------+---+---+------+-------+

(Unit : THB)

+------------------------+--------+-------+-------+---+-------+-------+
| Type of                | Relati | Co    |       |   | The   |       |
| Transaction/Company    | onship | nsoli |       |   | Co    |       |
| Name                   |        | dated |       |   | mpany |       |
|                        |        |       |       |   | Only  |       |
+------------------------+--------+-------+-------+---+-------+-------+
|                        |        | As at |       |   | As at |       |
|                        |        | Oc    |       |   | Oc    |       |
|                        |        | tober |       |   | tober |       |
|                        |        | 31,   |       |   | 31,   |       |
+------------------------+--------+-------+-------+---+-------+-------+
|                        |        | 2006  | 2005  |   | 2006  | 2005  |
+------------------------+--------+-------+-------+---+-------+-------+
|   - Loan due from the  | R      |       |       |   |       |       |
|   Company’s Advisor    | elated |       |       |   |       |       |
|                        | Person |       |       |   |       |       |
+------------------------+--------+-------+-------+---+-------+-------+
|   Beginning balance    |        | 121,2 | 338,4 |   | 121,2 | 338,4 |
|                        |        | 48.61 | 69.51 |   | 48.61 | 69.51 |
+------------------------+--------+-------+-------+---+-------+-------+
|   Increase in the      |        | -     | -     |   | -     | -     |
|   period               |        |       |       |   |       |       |
+------------------------+--------+-------+-------+---+-------+-------+
|   Decrease in the      |        | (1    | (2    |   | (1    | (2    |
|   period               |        | 21,24 | 17,22 |   | 21,24 | 17,22 |
|                        |        | 8.61) | 0.90) |   | 8.61) | 0.90) |
+------------------------+--------+-------+-------+---+-------+-------+
|   Ending balance       |        | -     | 121,2 |   | -     | 121,2 |
|                        |        |       | 48.61 |   |       | 48.61 |
+------------------------+--------+-------+-------+---+-------+-------+
|                        |        |       |       |   |       |       |
+------------------------+--------+-------+-------+---+-------+-------+
|   - Loan due from      | R      | -     | -     |   | -     | -     |
|   Employees in         | elated |       |       |   |       |       |
|   Subsidiary           | Person |       |       |   |       |       |
|                        |        |       |       |   |       |       |
|   Beginning balance    |        |       |       |   |       |       |
+------------------------+--------+-------+-------+---+-------+-------+
|   Increase in the      |        | 510,0 | -     |   | -     | -     |
|   period               |        | 00.00 |       |   |       |       |
+------------------------+--------+-------+-------+---+-------+-------+
|   Decrease in the      |        | (1    | -     |   | -     | -     |
|   period               |        | 08,90 |       |   |       |       |
|                        |        | 0.00) |       |   |       |       |
+------------------------+--------+-------+-------+---+-------+-------+
|   Ending balance       |        | 401,1 | -     |   | -     | -     |
|                        |        | 00.00 |       |   |       |       |
+------------------------+--------+-------+-------+---+-------+-------+
|   Total                |        | 153,  | 130,  |   | 13,   | 5,    |
|                        |        | 568,4 | 048,7 |   | 600,0 | 521,2 |
|                        |        | 80.00 | 98.61 |   | 00.00 | 48.61 |
+------------------------+--------+-------+-------+---+-------+-------+

  As at October 31, 2006 and 2005, loans due from subsidiary and related
  companies were loans in the form of promissory notes and payable on
  demand bearing interest rates at 6.25-6.75 and 2.75-4.00 percent per
  annum respectively.

  Loan due from the Company’s advisor carried interest rate at 6.50
  percent per annum (the same rate for both years).

  Loan due from Employees in subsidiary is without interest charged
  between them.

  (Unit : THB)

+-----------------------+---------+-------+------+---+-------+-------+
| Type of               | Relat   | Co    |      |   | The   |       |
| Transaction/Company   | ionship | nsoli |      |   | Co    |       |
| Name                  |         | dated |      |   | mpany |       |
|                       |         |       |      |   | Only  |       |
+-----------------------+---------+-------+------+---+-------+-------+
|                       |         | As at |      |   | As at |       |
|                       |         | Oc    |      |   | Oc    |       |
|                       |         | tober |      |   | tober |       |
|                       |         | 31,   |      |   | 31,   |       |
+-----------------------+---------+-------+------+---+-------+-------+
|                       |         | 2006  | 2005 |   | 2006  | 2005  |
+-----------------------+---------+-------+------+---+-------+-------+
| - Loan due to         |         |       |      |   |       |       |
+-----------------------+---------+-------+------+---+-------+-------+
|   Tamaka Sugar        | Sub     |       |      |   |       |       |
|   Industry Co., Ltd.  | sidiary |       |      |   |       |       |
+-----------------------+---------+-------+------+---+-------+-------+
|   Beginning balance   |         | -     | -    |   | -     | 55,   |
|                       |         |       |      |   |       | 000,0 |
|                       |         |       |      |   |       | 00.00 |
+-----------------------+---------+-------+------+---+-------+-------+
|   Increase in the     |         | -     | -    |   | 172,  | 250,  |
|   period              |         |       |      |   | 000,0 | 000,0 |
|                       |         |       |      |   | 00.00 | 00.00 |
+-----------------------+---------+-------+------+---+-------+-------+
|   Decrease in the     |         | -     | -    |   | (     | (     |
|   period              |         |       |      |   | 107,0 | 305,0 |
|                       |         |       |      |   | 00,00 | 00,00 |
|                       |         |       |      |   | 0.00) | 0.00) |
+-----------------------+---------+-------+------+---+-------+-------+
|   Ending balance      |         | -     | -    |   | 65,   | -     |
|                       |         |       |      |   | 000,0 |       |
|                       |         |       |      |   | 00.00 |       |
+-----------------------+---------+-------+------+---+-------+-------+
|   New Krung Thai      | Sub     |       |      |   |       |       |
|   Sugar Factory Co.,  | sidiary |       |      |   |       |       |
|   Ltd.                |         |       |      |   |       |       |
+-----------------------+---------+-------+------+---+-------+-------+
|   Beginning balance   |         | -     | -    |   | -     | 80,   |
|                       |         |       |      |   |       | 000,0 |
|                       |         |       |      |   |       | 00.00 |
+-----------------------+---------+-------+------+---+-------+-------+
|   Increase in the     |         | -     | -    |   | -     | -     |
|   period              |         |       |      |   |       |       |
+-----------------------+---------+-------+------+---+-------+-------+
|   Decrease in the     |         | -     | -    |   | -     | (80,0 |
|   period              |         |       |      |   |       | 00,00 |
|                       |         |       |      |   |       | 0.00) |
+-----------------------+---------+-------+------+---+-------+-------+
|   Ending balance      |         | -     | -    |   | -     | -     |
+-----------------------+---------+-------+------+---+-------+-------+
|   Khon Kaen Sugar     | Sub     |       |      |   |       |       |
|   Power Plant Co.,    | sidiary |       |      |   |       |       |
|   Ltd.                |         |       |      |   |       |       |
+-----------------------+---------+-------+------+---+-------+-------+
|   Beginning balance   |         | -     | -    |   | 185,  | -     |
|                       |         |       |      |   | 000,0 |       |
|                       |         |       |      |   | 00.00 |       |
+-----------------------+---------+-------+------+---+-------+-------+
|   Increase in the     |         | -     | -    |   | 115,  | 240,  |
|   period              |         |       |      |   | 000,0 | 000,0 |
|                       |         |       |      |   | 00.00 | 00.00 |
+-----------------------+---------+-------+------+---+-------+-------+
|   Decrease in the     |         | -     | -    |   | (     | (55,0 |
|   period              |         |       |      |   | 300,0 | 00,00 |
|                       |         |       |      |   | 00,00 | 0.00) |
|                       |         |       |      |   | 0.00) |       |
+-----------------------+---------+-------+------+---+-------+-------+
|   Ending balance      |         | -     | -    |   | -     | 185,  |
|                       |         |       |      |   |       | 000,0 |
|                       |         |       |      |   |       | 00.00 |
+-----------------------+---------+-------+------+---+-------+-------+
|   Total               |         | -     | -    |   | 65,   | 185,  |
|                       |         |       |      |   | 000,0 | 000,0 |
|                       |         |       |      |   | 00.00 | 00.00 |
+-----------------------+---------+-------+------+---+-------+-------+

  As at October 31, 2006 and 2005, loans from subsidiary companies are
  loans repayable at call and carrying interest rates at 6.25 - 6.75 and
  1.25-3.05 percent per annum respectively.

  11.2 Inter- Revenues and Expenses

  (Unit : THB)

+--------------------------+------+-------+-------+---+---+--------+--------+
|   Type of                | Rela | Co    |       |   |   | The    |        |
|   Transaction/Company    | tion | nsoli |       |   |   | C      |        |
|   Name                   | ship | dated |       |   |   | ompany |        |
|                          |      |       |       |   |   | Only   |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|                          |      | For   |       |   |   |        |        |
|                          |      | the   |       |   |   |        |        |
|                          |      | Year  |       |   |   |        |        |
|                          |      | end   |       |   |   |        |        |
|                          |      | on    |       |   |   |        |        |
|                          |      | Oc    |       |   |   |        |        |
|                          |      | tober |       |   |   |        |        |
|                          |      | 31,   |       |   |   |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|                          |      | 2006  | 2005  |   | 2 |        | 2005   |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 6 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   - Sales                |      |       |       |   |   |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   New Krung Thai Sugar   | Su   | -     | -     |   | 1 |        | 1      |
|   Factory Co., Ltd.      | bsid |       |       |   | 9 |        | 5,609, |
|                          | iary |       |       |   | , |        | 460.84 |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | 5 |        |        |
|                          |      |       |       |   | 4 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | 2 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   Tamaka Sugar Industry  | Su   | -     | -     |   | 2 |        | 3      |
|   Co., Ltd.              | bsid |       |       |   | 3 |        | 5,593, |
|                          | iary |       |       |   | , |        | 412.83 |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | 6 |        |        |
|                          |      |       |       |   | 1 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 5 |        |        |
|                          |      |       |       |   | 8 |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 1 |        |        |
|                          |      |       |       |   | 8 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   New Kwang Soon Lee     | Su   | -     | -     |   | 1 |        | 1      |
|   Sugar Factory Co.,     | bsid |       |       |   | 4 |        | 2,742, |
|   Ltd.                   | iary |       |       |   | , |        | 079.01 |
|                          |      |       |       |   | 6 |        |        |
|                          |      |       |       |   | 6 |        |        |
|                          |      |       |       |   | 8 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 5 |        |        |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | 3 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   Khon Kaen Alcohol Co., | Su   | -     | -     |   | 3 |        | -      |
|   Ltd.                   | bsid |       |       |   | 0 |        |        |
|                          | iary |       |       |   | 6 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 3 |        |        |
|                          |      |       |       |   | 7 |        |        |
|                          |      |       |       |   | 6 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 8 |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 4 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 4 |        |        |
|                          |      |       |       |   | 0 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   Khon Kaen Sugar Power  | Su   | -     | -     |   | 5 |        | -      |
|   Plant Co., Ltd.        | bsid |       |       |   | , |        |        |
|                          | iary |       |       |   | 1 |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 8 |        |        |
|                          |      |       |       |   | 1 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
| KSL Chemical Co., Ltd.   | Su   | -     | -     |   | 8 |        | -      |
|                          | bsid |       |       |   | 9 |        |        |
|                          | iary |       |       |   | 7 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | 0 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
| Thai Fermentation        | Rel  | 194,  | 109,  |   | 4 |        | 6      |
| Industry Co., Ltd.       | ated | 718,8 | 388,5 |   | 4 |        | 5,443, |
|                          |      | 61.93 | 08.69 |   | , |        | 087.35 |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 4 |        |        |
|                          |      |       |       |   | 3 |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | 3 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
| Other Related Companies  |      | 5,9   | -     |   | 5 |        | -      |
|                          |      | 06.54 |       |   | , |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 6 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 5 |        |        |
|                          |      |       |       |   | 4 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   Total                  |      | 194,  | 109,  |   | 4 |        | 12     |
|                          |      | 724,7 | 388,5 |   | 0 |        | 9,388, |
|                          |      | 68.47 | 08.69 |   | 8 |        | 040.03 |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | 7 |        |        |
|                          |      |       |       |   | 6 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 1 |        |        |
|                          |      |       |       |   | 7 |        |        |
|                          |      |       |       |   | 4 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | 1 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|                          |      |       |       |   |   |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   - Purchases            |      |       |       |   |   |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   Tamaka Sugar Industry  | Su   | -     | -     |   | 4 |        | 22     |
|   Co., Ltd.              | bsid |       |       |   | 2 |        | 1,203, |
|                          | iary |       |       |   | 6 |        | 304.86 |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 1 |        |        |
|                          |      |       |       |   | 6 |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 3 |        |        |
|                          |      |       |       |   | 4 |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 3 |        |        |
|                          |      |       |       |   | 9 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   New Krung Thai Sugar   | Su   | -     | -     |   | 2 |        | 9      |
|   Factory Co., Ltd.      | bsid |       |       |   | 1 |        | 7,166, |
|                          | iary |       |       |   | 2 |        | 781.91 |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 1 |        |        |
|                          |      |       |       |   | 2 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   New Kwang Soon Lee     | Su   | -     | -     |   | 1 |        | 11     |
|   Sugar Factory Co.,     | bsid |       |       |   | 2 |        | 4,194, |
|   Ltd.                   | iary |       |       |   | 1 |        | 953.93 |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 1 |        |        |
|                          |      |       |       |   | 4 |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 3 |        |        |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 2 |        |        |
|                          |      |       |       |   | 1 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   Khon Kaen Alcohol Co., | Su   | -     | -     |   | 1 |        | -      |
|   Ltd.                   | bsid |       |       |   | 0 |        |        |
|                          | iary |       |       |   | , |        |        |
|                          |      |       |       |   | 1 |        |        |
|                          |      |       |       |   | 7 |        |        |
|                          |      |       |       |   | 6 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 7 |        |        |
|                          |      |       |       |   | 6 |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 0 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   Thai Fermentation      | Rel  | 1,    | 1,    |   | 4 |        | 499,   |
|   Industry Co., Ltd.     | ated | 866,4 | 411,0 |   | 8 |        | 385.76 |
|                          |      | 88.00 | 04.72 |   | 5 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 1 |        |        |
|                          |      |       |       |   | 4 |        |        |
|                          |      |       |       |   | 1 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 0 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+
|   Total                  |      | 1,    | 1,    |   | 7 |        | 43     |
|                          |      | 866,4 | 411,0 |   | 7 |        | 3,064, |
|                          |      | 88.00 | 04.72 |   | 0 |        | 426.46 |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | 7 |        |        |
|                          |      |       |       |   | 0 |        |        |
|                          |      |       |       |   | , |        |        |
|                          |      |       |       |   | 6 |        |        |
|                          |      |       |       |   | 6 |        |        |
|                          |      |       |       |   | 9 |        |        |
|                          |      |       |       |   | . |        |        |
|                          |      |       |       |   | 7 |        |        |
|                          |      |       |       |   | 2 |        |        |
+--------------------------+------+-------+-------+---+---+--------+--------+

  Policy of Inter-Price Setting for Goods

  - The inter-swapping goods for export, the Company uses the world
  market price that the sales-purchase is made for the first time of
  that year to be the price of sales-purchase of sugar between the
  Company’s group.

  - The intersales-purchase goods for local sales, the Company has the
  policy to use the market price to determine the price of goods
  transacted between each other.

  (Unit : THB)

+------------------------+--------+------+-------+---+-------+-------+
|   Type of              | Relati | Cons |       |   | The   |       |
|   Transaction/Company  | onship | olid |       |   | Co    |       |
|   Name                 |        | ated |       |   | mpany |       |
|                        |        |      |       |   | Only  |       |
+------------------------+--------+------+-------+---+-------+-------+
|                        |        | For  |       |   |       |       |
|                        |        | the  |       |   |       |       |
|                        |        | Year |       |   |       |       |
|                        |        | end  |       |   |       |       |
|                        |        | on   |       |   |       |       |
|                        |        | Oct  |       |   |       |       |
|                        |        | ober |       |   |       |       |
|                        |        | 31,  |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|                        |        | 2006 | 2005  |   | 2006  | 2005  |
+------------------------+--------+------+-------+---+-------+-------+
|   - Rental Income and  |        |      |       |   |       |       |
|   Service              |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   On Nuj Construction  | R      | 48   | 486,8 |   | 486,8 | 486,8 |
|   Co., Ltd.            | elated | 6,81 | 16.00 |   | 16.00 | 16.00 |
|                        |        | 6.00 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Chengteh Chinaware   | R      | 1,44 | 1,    |   | 1,    | 1,    |
|   (Thailand) Co., Ltd. | elated | 0,00 | 440,0 |   | 440,0 | 440,0 |
|                        |        | 0.00 | 00.00 |   | 00.00 | 00.00 |
+------------------------+--------+------+-------+---+-------+-------+
|   K. K. Wood Industry  | R      | 82   | 829,4 |   | 829,4 | 829,4 |
|   Co., Ltd.            | elated | 9,44 | 40.00 |   | 40.00 | 40.00 |
|                        |        | 0.00 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   K.S.L. IT Center     | R      | 36   | 360,0 |   | 360,0 | 360,0 |
|   Co., Ltd.            | elated | 0,00 | 00.00 |   | 00.00 | 00.00 |
|                        |        | 0.00 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Amarco Co., Ltd.     | R      | 1    | 18,0  |   | 18,0  | 18,0  |
|                        | elated | 8,00 | 00.00 |   | 00.00 | 00.00 |
|                        |        | 0.00 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Prachaup Industry    | R      | 4,67 | 3,    |   | -     | -     |
|   Co.,Ltd.             | elated | 0,11 | 746,6 |   |       |       |
|                        |        | 7.18 | 94.24 |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
| Mitr Kaset Sugar       | R      | 8    | 123,6 |   | -     | -     |
| Indrstry Co., Ltd.     | elated | 7,86 | 87.57 |   |       |       |
|                        |        | 4.75 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
| Eastern Sugar And      | R      | 16   | 2,    |   | -     | -     |
| Sugar Cane Co., Ltd.   | elated | 2,00 | 580,3 |   |       |       |
|                        |        | 9.45 | 43.41 |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
| Rajburi Sugar Co.,     | R      | 85   | 1,    |   | -     | -     |
| Ltd.                   | elated | 0,64 | 335,5 |   |       |       |
|                        |        | 9.35 | 89.05 |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Total                |        | 8,90 | 10,   |   | 3,    | 3,    |
|                        |        | 4,89 | 920,5 |   | 134,2 | 134,2 |
|                        |        | 6.73 | 70.27 |   | 56.00 | 56.00 |
+------------------------+--------+------+-------+---+-------+-------+
|                        |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   - Land sold value    |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
| Khon Kaen Alcohol Co., | Subs   | -    | -     |   | 15,   | -     |
| Ltd.                   | idiary |      |       |   | 243,9 |       |
|                        |        |      |       |   | 05.00 |       |
+------------------------+--------+------+-------+---+-------+-------+
|                        |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   - Other Incomes      |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Tamaka Sugar         | Subs   | -    | -     |   | 148,5 | 1,    |
|   Industry Co., Ltd.   | idiary |      |       |   | 51.41 | 677,8 |
|                        |        |      |       |   |       | 48.06 |
+------------------------+--------+------+-------+---+-------+-------+
|   New Krung Thai Sugar | Subs   | -    | -     |   | 69,5  | 206,7 |
|   Factory Co., Ltd.    | idiary |      |       |   | 51.41 | 98.17 |
+------------------------+--------+------+-------+---+-------+-------+
|   New Kwang Soon Lee   | Subs   | -    | -     |   | 2,3   | 230,3 |
|   Sugar Factory Co.,   | idiary |      |       |   | 36.45 | 47.64 |
|   Ltd.                 |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   K.S.L. Export        | Subs   | -    | -     |   | 56,5  | 57,0  |
|   Trading Co., Ltd.    | idiary |      |       |   | 42.09 | 09.37 |
+------------------------+--------+------+-------+---+-------+-------+
|   KSL Chemical Co.,    | Subs   | -    | -     |   | 17,7  | 4,5   |
|   Ltd.                 | idiary |      |       |   | 57.01 | 62.40 |
+------------------------+--------+------+-------+---+-------+-------+
|   Khon Kaen Alcohol    | Subs   | -    | -     |   | 46,   | 103,6 |
|   Co., Ltd.            | idiary |      |       |   | 653,5 | 59.82 |
|                        |        |      |       |   | 87.76 |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Khon Kaen Sugar      | Subs   | -    | -     |   | 1,    | 84,3  |
|   Power Plant Co.,     | idiary |      |       |   | 395,6 | 83.59 |
|   Ltd.                 |        |      |       |   | 62.69 |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Thai Sugar Terminal  | Subs   | -    | -     |   | 437,4 | 403,0 |
|   Public Co., Ltd.     | idiary |      |       |   | 47.96 | 96.60 |
+------------------------+--------+------+-------+---+-------+-------+
|   Thai Fermentation    | R      | 31   | 261,3 |   | 68,6  | 87,8  |
|   Industry Co., Ltd.   | elated | 1,41 | 67.62 |   | 91.63 | 50.50 |
|                        |        | 1.63 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   K.S.L. IT Center     | R      | 4,07 | -     |   | 3,6   | -     |
|   Co., Ltd.            | elated | 6.16 |       |   | 26.16 |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Total                |        | 31   | 261,3 |   | 48,   | 2,    |
|                        |        | 5,48 | 67.62 |   | 853,7 | 855,5 |
|                        |        | 7.79 |       |   | 54.57 | 56.15 |
+------------------------+--------+------+-------+---+-------+-------+
|                        |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   - Interest Received  |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   New Kwang Soon Lee   | Subs   | -    | -     |   | -     | 238,9 |
|   Sugar Factory Co.,   | idiary |      |       |   |       | 04.11 |
|   Ltd.                 |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   K.S.L. Real Estate   | Subs   | -    | -     |   | 438,0 | 206,9 |
|   Co., Ltd.            | idiary |      |       |   | 08.19 | 75.35 |
+------------------------+--------+------+-------+---+-------+-------+
|   KSL. Agro Co., Ltd.  | Subs   | -    | -     |   | 738,5 | -     |
|                        | idiary |      |       |   | 47.93 |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Total                |        | -    | -     |   | 1,    | 445,8 |
|                        |        |      |       |   | 176,5 | 79.46 |
|                        |        |      |       |   | 56.12 |       |
+------------------------+--------+------+-------+---+-------+-------+
|                        |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   - Goods Custody and  |        |      |       |   |       |       |
|   Exporting Fees       |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Thai Sugar Terminal  | Subs   | -    | -     |   | 2,    | 3,    |
|   Public Co., Ltd.     | idiary |      |       |   | 036,9 | 617,6 |
|                        |        |      |       |   | 67.15 | 89.66 |
+------------------------+--------+------+-------+---+-------+-------+
|   K.S.L. Export        | Subs   | -    | -     |   | 608,8 | 2,    |
|   Trading Co., Ltd.    | idiary |      |       |   | 80.12 | 620,1 |
|                        |        |      |       |   |       | 83.85 |
+------------------------+--------+------+-------+---+-------+-------+
|   TS Warehouse Co.,    | Subs   | -    | -     |   | 413,1 | 739,3 |
|   Ltd.                 | idiary |      |       |   | 34.58 | 93.44 |
+------------------------+--------+------+-------+---+-------+-------+
|   Kerry Siam Seaport   | R      | 7    | 159,1 |   | 71,7  | 159,1 |
|   Co., Ltd.            | elated | 1,72 | 47.85 |   | 24.15 | 47.85 |
|                        |        | 4.15 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Total                |        | 7    | 159,1 |   | 3,    | 7,    |
|                        |        | 1,72 | 47.85 |   | 130,7 | 136,4 |
|                        |        | 4.15 |       |   | 06.00 | 14.80 |
+------------------------+--------+------+-------+---+-------+-------+

  (Unit : THB)

+------------------------+--------+------+-------+---+-------+-------+
|   Type of              | Relati | Cons |       |   | The   |       |
|   Transaction/Company  | onship | olid |       |   | Co    |       |
|   Name                 |        | ated |       |   | mpany |       |
|                        |        |      |       |   | Only  |       |
+------------------------+--------+------+-------+---+-------+-------+
|                        |        | For  |       |   |       |       |
|                        |        | the  |       |   |       |       |
|                        |        | Year |       |   |       |       |
|                        |        | end  |       |   |       |       |
|                        |        | on   |       |   |       |       |
|                        |        | Oct  |       |   |       |       |
|                        |        | ober |       |   |       |       |
|                        |        | 31,  |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|                        |        | 2006 | 2005  |   | 2006  | 2005  |
+------------------------+--------+------+-------+---+-------+-------+
|   - Other Expenses     |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Tamaka Sugar         | Subs   | -    | -     |   | 118,3 | 1,    |
|   Industry Co., Ltd.   | idiary |      |       |   | 98.92 | 948,7 |
|                        |        |      |       |   |       | 45.15 |
+------------------------+--------+------+-------+---+-------+-------+
|   New Krung Thai Sugar | Subs   | -    | -     |   | 71,7  | 404,7 |
|   Factory Co., Ltd.    | idiary |      |       |   | 36.00 | 13.67 |
+------------------------+--------+------+-------+---+-------+-------+
|   New Kwang Soon Lee   | Subs   | -    | -     |   | 9,3   | -     |
|   Sugar Factory Co.,   | idiary |      |       |   | 00.00 |       |
|   Ltd.                 |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   K.S.L. Real Estate   | Subs   | -    | -     |   | 12,0  | 107,8 |
|   Co., Ltd.            | idiary |      |       |   | 06.54 | 39.24 |
+------------------------+--------+------+-------+---+-------+-------+
|   Khon Kaen Alcohol    | Subs   | -    | -     |   | 412,1 | 804,2 |
|   Co., Ltd.            | idiary |      |       |   | 00.00 | 63.38 |
+------------------------+--------+------+-------+---+-------+-------+
|   Thai Fermentation    | R      | 14   | 33,0  |   | 96,8  | 9,7   |
|   Industry Co., Ltd.   | elated | 8,88 | 71.46 |   | 01.57 | 13.46 |
|                        |        | 9.99 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   K.S.L. IT Center     | R      | 5,19 | 4,    |   | 1,    | 1,    |
|   Co., Ltd.            | elated | 4,13 | 323,7 |   | 505,9 | 539,5 |
|                        |        | 7.32 | 38.85 |   | 78.93 | 60.54 |
+------------------------+--------+------+-------+---+-------+-------+
|   Eastern Sugar and    | R      | -    | 1,    |   | -     | -     |
|   Sugar Cane Co., Ltd. | elated |      | 115,9 |   |       |       |
|                        |        |      | 50.00 |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Rajburi Sugar Co.,   | R      | 9    | 319,9 |   | -     | -     |
|   Ltd.                 | elated | 9,00 | 65.00 |   |       |       |
|                        |        | 0.00 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   K.S.L. Tower         | R      | 8,18 |   -   |   | -     | -     |
|   Juristic Person      | elated | 9,06 |       |   |       |       |
|   Office               |        | 0.85 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
| Ban Pong Intertrade    | R      | 8,42 |   -   |   | -     | -     |
| Co., Ltd.              | elated | 8,65 |       |   |       |       |
|                        |        | 7.12 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Total                |        | 2    | 5,    |   | 2,    | 4,    |
|                        |        | 2,05 | 792,7 |   | 226,3 | 814,8 |
|                        |        | 9,74 | 25.31 |   | 21.96 | 35.44 |
|                        |        | 5.28 |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   - Interest Expenses  |        |      |       |   |       |       |
+------------------------+--------+------+-------+---+-------+-------+
|   Tamaka Sugar         | Subs   | -    | -     |   | 1,    | 399,9 |
|   Industry Co., Ltd.   | idiary |      |       |   | 894,3 | 72.61 |
|                        |        |      |       |   | 42.45 |       |
+------------------------+--------+------+-------+---+-------+-------+
|   New Krung Thai Sugar | Subs   | -    | -     |   | -     | 90,4  |
|   Factory Co., Ltd.    | idiary |      |       |   |       | 10.97 |
+------------------------+--------+------+-------+---+-------+-------+
|   Khon Kaen Sugar      | Subs   | -    | -     |   | 5,    | 1,    |
|   Power Plant Co.,     | idiary |      |       |   | 154,3 | 482,2 |
|   Ltd.                 |        |      |       |   | 63.02 | 19.19 |
+------------------------+--------+------+-------+---+-------+-------+
|   Total                |        | -    | -     |   | 7,    | 1,    |
|                        |        |      |       |   | 048,7 | 972,6 |
|                        |        |      |       |   | 05.47 | 02.77 |
+------------------------+--------+------+-------+---+-------+-------+

 Policy of Price Setting

  - Rental income, service income and sale of land are charged according
  to the mutually agreed agreements.

  - Revenue from selling of supplies are charged according to the cost.

  - Revenue from sale on raw material are charged according to the
  market price.

  - Fees for goods custody are charged according to the volume of the
  goods and the custody time, which are general rates in the market.

  - The expenses paid on behalf of each other are charges according to
  the actual expenses.

  11.3 Relationship of Related Companies

Consisted of: -

+---------------------------+--------------+--------------------------+
| Company Name              | Relationship | Connection               |
+---------------------------+--------------+--------------------------+
|   K.S.L. IT Center Co.,   | Rel          | Same shareholder Group   |
|   Ltd.                    | ated Company | /Mutual directors        |
+---------------------------+--------------+--------------------------+
|   Chengteh Chinaware      | Rel          | Same shareholder Group   |
|   (Thailand) Co., Ltd.    | ated Company | /Mutual directors        |
+---------------------------+--------------+--------------------------+
|   On Nuj Construction     | Rel          | Same shareholder Group   |
|   Co., Ltd.               | ated Company | /Mutual directors        |
+---------------------------+--------------+--------------------------+
|   K.K. Wood Industry Co., | Rel          | Same shareholder Group   |
|   Ltd.                    | ated Company |                          |
+---------------------------+--------------+--------------------------+
|   Amarco Co., Ltd.        | Rel          | Same shareholder Group   |
|                           | ated Company |                          |
+---------------------------+--------------+--------------------------+
|   Thai Fermentation       | Rel          | Same shareholder Group   |
|   Industry Co., Ltd.      | ated Company |                          |
+---------------------------+--------------+--------------------------+
|   Rajburi Sugar Co., Ltd. | Rel          | Mutual directors in      |
|                           | ated Company | Subsidiary               |
+---------------------------+--------------+--------------------------+
|   Mitr Kaset Sugar        | Rel          | Mutual directors in      |
|   Industry Co., Ltd.      | ated Company | Subsidiary               |
+---------------------------+--------------+--------------------------+
|   Eastern Sugar and Sugar | Rel          | Mutual directors in      |
|   Cane Co., Ltd.          | ated Company | Subsidiary               |
+---------------------------+--------------+--------------------------+
|   Kerry Siam Seaport Co., | Rel          | Directors of the Related |
|   Ltd.                    | ated Company | Company                  |
+---------------------------+--------------+--------------------------+
|   KSL Tower Juristic      | Rel          | Shared Owner of          |
|   Person office           | ated Company | Condominium Building     |
+---------------------------+--------------+--------------------------+
|   Ban Pong Intertrade     | Rel          | Same shareholder Group   |
|   Co., Ltd.               | ated Company | in Subsidiary            |
+---------------------------+--------------+--------------------------+

Prachaup Industry Co., Ltd. held no part in management of the Company,
but is a related company, where some directors are also directors of
Thai Sugar Terminal Public Co.,Ltd. and K.S.L. Export Trading Co., Ltd.
which are subsidiary companies of Khon Kaen Sugar Industry Public
Company Limited.