5. Assets Utilization in the Course of Business

Book value of Property, Plant and Equipment and Leasehold as follow:

+------------+-----------+------+------+------+------+------+------+
| Assets     | Type      | Book |      |      | Co   |      |      |
|            |           | V    |      |      | llat |      |      |
|            |           | alue |      |      | eral |      |      |
|            |           |      |      |      | aga  |      |      |
|            |           | (mil |      |      | inst |      |      |
|            |           | lion |      |      | bank |      |      |
|            |           | b    |      |      | ov   |      |      |
|            |           | aht) |      |      | erdr |      |      |
|            |           |      |      |      | afts |      |      |
|            |           |      |      |      | and  |      |      |
|            |           |      |      |      | l    |      |      |
|            |           |      |      |      | ong- |      |      |
|            |           |      |      |      | term |      |      |
|            |           |      |      |      | l    |      |      |
|            |           |      |      |      | oans |      |      |
+------------+-----------+------+------+------+------+------+------+
|            |           | 31/1 | 31/1 | 31/1 | 31/1 | 31/1 | 31/1 |
|            |           | 2/06 | 2/05 | 2/04 | 2/06 | 2/05 | 2/04 |
+------------+-----------+------+------+------+------+------+------+
| Land       | Owner     | 2    | 2    | 2    | -    | -    | -    |
|            |           | 6.10 | 2.06 | 2.06 |      |      |      |
+------------+-----------+------+------+------+------+------+------+
| Building*  | Owner     | 9.66 | -    | 2.14 | -    | -    | -    |
+------------+-----------+------+------+------+------+------+------+
| Building   | Owner     | 7    | 7    | 7    | -    | -    | -    |
| Decoration |           | 3.66 | 8.25 | 7.01 |      |      |      |
+------------+-----------+------+------+------+------+------+------+
| Office     | Owner     | 14   | 14   | 11   | -    | -    | -    |
| Equipment  |           | 9.26 | 1.29 | 0.24 |      |      |      |
+------------+-----------+------+------+------+------+------+------+
| Vehicles   | Owner     | 4.18 | 7.39 | 8.99 | -    | -    | -    |
+------------+-----------+------+------+------+------+------+------+
| Work-I     | Owner     | 1.21 | 6.29 | 2.48 | -    | -    | -    |
| n-Progress |           |      |      |      |      |      |      |
+------------+-----------+------+------+------+------+------+------+
| Leasehold  | Area      | 15   | 16   | 13   | -    | -    | -    |
|            | rights    | 4.29 | 6.86 | 7.01 |      |      |      |
|            | holder    |      |      |      |      |      |      |
+------------+-----------+------+------+------+------+------+------+
| Total      |           | 41   | 37   | 44   | -    | -    | -    |
|            |           | 8.36 | 8.95 | 0.98 |      |      |      |
+------------+-----------+------+------+------+------+------+------+

Remark * Net book value from accumulated depreciation as of December 31,
2005 amounting THB 2 cause of the full allocated from depreciation.

5.1 Major characteristics of the Fixed Assets consisting of land,
buildings, equipment and leasehold summarized as follows:

1. The company owns the leasehold of space, parking and service at
Nation Tower Building. The term of the leasehold is effective for 3
years which remains valid for 1 month to 2 years. The company also has
made two contracts to lease a warehouse at King Kaew Road. The term of
Contracts takes effect for 3 years from January 1, 2006 to June 14,
2009. Such space is used for the Company’s book distribution business
activity.

2. The company obtains the leasehold of space usage for 203 SBC
locations limiting 3 years to 12 years, which remain at present 0 month
to 10 years and 7 months. In general, the Company has made two types of
space renting contracts that are the renting fees from the value of each
branch sales, in which case the percentage rate depends upon the
contract agreed between the two parties concerned and the rental rate is
constant.

3. Currently the company is the holder of 13 leaseholds for the space
usage of operating bookstores in leading shopping centers, with the
average lease duration from 14 years to 8 months to 30 years. The lease
duration is now 5 years to 21 years whereas the net book value amount as
of December 31, 2006 is THB 154.29 million.

5.2 Intangible Assets The main feature of the Intangible Assets is the
copyrights for publishing in which the company does direct contracts
with copyright holders. These contracts are with the average duration of
3 years, which are renewed for 3 years automatically after the expiry
date, or until the printout. Currently, the company holds internal and
foreign copyright contracts summarized as follows:

  December 31, 2006

  -------------------------------------------------- --------------------
  Copyright Contracts                                Copies

  Internal Copyright Contracts                       1,131

  Foreign Copyright Contracts                        1,040
  -------------------------------------------------- --------------------

  5.3 Investment Policy in Subsidiary and Associated Companies

Investment policy: Apart from the main business, the Company also
invests in the business that is related to the main business or business
that supports the Company’s operation and in line with the main
objective in that it facilitates the learning to gain knowledge that
allows Thais knowledge development in the field that is crucial to the
national development and business opportunity in long term for the
Company.

The control of Company’s Subsidiary and Associated Companies: The
Company has only one subsidiary company that is SE-ED Book Center
Company Limited founded on May 11, 2001. By establishing a company to
create the trade name SE-ED Book Center as a registered company, it
helps to prevent the Company from being violated by other party in terms
of copyrights infringement by using the same name.

Furthermore, the Company has two associated companies

1.  M & E Company Limited on December 31, 2006 and SE-ED has assigned a
    director to this company. Mr. Thanong Chotisorayuth is the Director.

2.  Plearn Patt Company Limited, and the Company has assigned 3
    Directors to be the Directors of this company, and the Directors to
    this company are as shown below.

  ------------------------------------ ----------------------------------
  Name                                 Position

  1. Mr. Thanong Chotisorayuth         Director and Executive Director

  2. Mr. Viboolsak Udomvanich          Executive Director

  3. Mr. Kachen Benjakul               Executive Director
  ------------------------------------ ----------------------------------