5. Assets

5.1 Fixed assets (Net) as at 31 December 2001

+---------------------+------------+------+--------+-----------------+
|                     |            |      |        | Unit : Baht     |
+---------------------+------------+------+--------+-----------------+
| Location            | Building   | O    | Acco   | Property charge |
|                     | and Land   | wner | unting |                 |
|                     |            | ship | value  |                 |
+---------------------+------------+------+--------+-----------------+
| 438/16-30           | 1,115.0    | O    | 8,936, | Rental          |
| Ratchawithi Road,   | Square Wah | wner | 767.50 | agreement for 3 |
| Payathai, Bangkok   |            | ship |        | years           |
+---------------------+------------+------+--------+-----------------+
| 767                 | 855.0      | O    | 5      | NSB has a right |
| Kr                  | Square Wah | wner | 1,536, | to utilize the  |
| ungthep-Nonthaiburi |            | ship | 837.17 | areas for 20    |
| Road, Bangsue,      |            |      |        | years (more     |
| Bangkok             |            |      |        | detail in item  |
|                     |            |      |        | 11.2)           |
+---------------------+------------+------+--------+-----------------+
| 116/45-46 Sukhumvit | 41.0       | O    | 3,240, |                 |
| Rd. Amphur Muang,   | Square Wah | wner | 480.32 |                 |
| Chonburi            |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 55/1 Amphur Muang,  | 44.0       | O    | 3,361, |                 |
| Petchburi           | Square Wah | wner | 856.40 |                 |
|                     |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 668/99-100          | 51.8       | O    | 6,205, |                 |
| Klangmuang Rd.      | Square Wah | wner | 143.58 |                 |
| Amphur Muang, Khon  |            | ship |        |                 |
| Kaen                |            |      |        |                 |
+---------------------+------------+------+--------+-----------------+
| 544/1 Charoen Muang | 25.0       | O    | 496,   |                 |
| Rd. Amphur Muang,   | Square Wah | wner | 106.71 |                 |
| Chiang Mai          |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 148/23 Amphur       | 505.7      | O    | 1      |                 |
| Muang, Nakon Sawan  | Square Wah | wner | 5,512, |                 |
|                     |            | ship | 864.72 |                 |
+---------------------+------------+------+--------+-----------------+
| 26/3-5 Sukhumvit    | 60.1       | O    | 5,134, |                 |
| Rd. Amphur Muang,   | Square Wah | wner | 621.04 |                 |
| Rayong              |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 77 Amphur Muang     | 198.0      | O    | 5,000, |                 |
| Rayong              | Square Wah | wner | 000.00 |                 |
|                     |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 393-395 Bang Bua    | 90.0       | O    | 6,405, |                 |
| Thong-Suphanburi    | Square Wah | wner | 943.32 |                 |
| Rd., Suphanburi     |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 227, 229            | 39.8       | O    | 2,581, |                 |
| Prachuabkirikhan    | Square Wah | wner | 823.61 |                 |
| Rd. Amphur Muang,   |            | ship |        |                 |
| Prachuabkirikhan    |            |      |        |                 |
+---------------------+------------+------+--------+-----------------+
| 435-437 Roi         | 93.9       | O    | 9,584, |                 |
| Et-Phonthong Rd.    | Square Wah | wner | 322.26 |                 |
| Amphur Muang, Roi   |            | ship |        |                 |
| Et                  |            |      |        |                 |
+---------------------+------------+------+--------+-----------------+
| 436,438 Moo 8       | 89.0       | O    | 6,707, |                 |
| Petchakasem, Nakhon | Square Wah | wner | 894.29 |                 |
| Pathom              |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 1520 Mitraphap Rd.  | 25.0       | O    | 457,   | Rental          |
| Amphur Muang,       | Square Wah | wner | 076.88 | agreement for 2 |
| Nakorn Ratchasima   |            | ship |        | years           |
+---------------------+------------+------+--------+-----------------+
| 1575/7-9 Mitraphap  | 72.0       | O    | 1      |                 |
| Rd. Amphur Muang,   | Square Wah | wner | 5,110, |                 |
| Nakorn Ratchasima   |            | ship | 021.47 |                 |
+---------------------+------------+------+--------+-----------------+
| 201/27-28 Sangchuto | 55.0       | O    | 4,261, |                 |
| Rd. Amphur Muang,   | Square Wah | wner | 663.73 |                 |
| Kanchanaburi        |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 500/5-6 Hatyai      | 53.8       | O    | 8,171, |                 |
| District, Songkla   | Square Wah | wner | 597.92 |                 |
|                     |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 404/9-11 Amphur     | 69.3       | O    | 1,415, |                 |
| Muang, Ranong       | Square Wah | wner | 189.49 |                 |
|                     |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 114 Amphur Muang,   | 201.0      | O    | 2,221, |                 |
| Udon Thani          | Square Wah | wner | 982.22 |                 |
|                     |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 115 Amphur Muang,   | 74.0       | O    | 818,   |                 |
| Udon Thani          | Square Wah | wner | 043.20 |                 |
|                     |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+
| 200 Amphur Muang,   | 118.5      | O    | 1,309, |                 |
| Udon Thani          | Square Wah | wner | 974.58 |                 |
|                     |            | ship |        |                 |
+---------------------+------------+------+--------+-----------------+

5.2 Intangible Asset

  ------------------------ --------- --------------- ----------- ------------- --------
                                                                 Unit : Baht   

  Characteristic           Right     Accounting      Ownership   Effect on the Charge
                           period    value                       company       

  The right to occupy and  20 years  18,117,234.27   Ownership   Property      -
  utilize 5,058 square                                           utilization   
  meters of the office                                           without       
  space and 1,275 square                                         paying rent   
  meters of parking                                                            
  building totaling 6,333                                                      
  square meters for free                                                       
  of charges (see details                                                      
  in item 11.2)                                                                
  ------------------------ --------- --------------- ----------- ------------- --------

5.3 Current asset management

Unit : Baht

+------------------------------+-------------+--------------+---------+
| Location                     | Building    | Rental       | Ren     |
|                              | and Land    | ch           | t/month |
|                              |             | aracteristic |         |
+------------------------------+-------------+--------------+---------+
| 767 Krungthep-Nonthaiburi    | 628 Square  | 3-year       | 201,274 |
| Road, Bangsue, 5^(th) ,      | meter       | contract     |         |
| 6^(th) floor, Bangkok        |             |              |         |
+------------------------------+-------------+--------------+---------+
| 767 Krungthep-Nonthaiburi    | 81 Square   | 3-year       | 32,400  |
| Road, Bangsue, 1^(st) floor, | meter       | contract     |         |
| Bangkok                      |             |              |         |
+------------------------------+-------------+--------------+---------+
| 59/15 Huay-yod Road, Trang   | 1 unit      | 3-year       | 14,000  |
|                              | building    | contract     |         |
+------------------------------+-------------+--------------+---------+
| 113/28 Sukhumvit Road,       | 1 unit      | 3-year       | 7,000   |
| Cholburi. (Pattaya)          | building    | contract     |         |
+------------------------------+-------------+--------------+---------+
| 57/39 Ramindra Road, Bangkok | 168 Square  | 3-year       | 67,200  |
|                              | meter       | contract     |         |
+------------------------------+-------------+--------------+---------+
| 927/46-46 Ekachai Road,      | 2-unit      | 3-year       | 20,000  |
| Samutsakorn                  | building    | contract     |         |
+------------------------------+-------------+--------------+---------+
| 211/19-20 Sudbantat Road,    | 2-unit      | 3-year       | 20,000  |
| Saraburi                     | building    | contract     |         |
+------------------------------+-------------+--------------+---------+
| 97/21 Moo 6 Chonkasem Road,  | 2-unit      | 2-year       | 280,000 |
| Surat Thani                  | building    | contract     |         |
+------------------------------+-------------+--------------+---------+
| 283/4-5 Pracharaksa Road,    | 2-unit      | 3-year       | 10,000  |
| Udon Thani                   | building    | contract     |         |
+------------------------------+-------------+--------------+---------+
| 14^(th) Floor, Liberty       | 150 Square  | 3-year       | 23,400  |
| Square, 287 Silom Rd.        | meter       | contract     |         |
| Bangkok                      |             |              |         |
+------------------------------+-------------+--------------+---------+
| 186/20-21 Omkaywachirawut    | 2-unit      | 3-year       | 16,000  |
| Rd., Amphur Muang,           | building    | contract     |         |
| Nakhonsrithumarach           |             |              |         |
+------------------------------+-------------+--------------+---------+
| 58/6 Moo 19 Kanjanapisak     | 64 Square   | 3-year       | 6,000   |
| Rd., Taveevattana, Bangkok   | meter       | contract     |         |
+------------------------------+-------------+--------------+---------+
| 1^(st) Floor, Shop House,    | 65 Square   | 1-year       | 8,000   |
| 120/14 Moo 11 Bangna-Trad    | meter       | contract     |         |
| Rd., Bangkok                 |             |              |         |
+------------------------------+-------------+--------------+---------+

5.4 Collaterized Assets

As at December 31, 2001 and December 31, 2000 the Company's collaterized
assets were as follows :

+----------------+-------------------------------+----------+----------+
|                |                               | Unit :   |          |
|                |                               | Thousand |          |
|                |                               | Baht     |          |
+----------------+-------------------------------+----------+----------+
|                |                               | December | December |
|                |                               | 31,2000  | 31,1999  |
+----------------+-------------------------------+----------+----------+
| Ti             | - Bank overdrafts             | 32,000   | 35,000   |
| me deposit as  |                               |          |          |
| collateral for |                               |          |          |
+----------------+-------------------------------+----------+----------+
|                | - Drivers in Criminal Court   | 918      | 1,006    |
+----------------+-------------------------------+----------+----------+
|                | - Telephone usage             | -        | 25       |
+----------------+-------------------------------+----------+----------+
|                | - Others                      | -        | 500      |
+----------------+-------------------------------+----------+----------+
| The Government | - Drivers in Criminal Court   | 17,171   | 23,632   |
| Savings Bank's |                               |          |          |
| callable       |                               |          |          |
| lotteries      |                               |          |          |
+----------------+-------------------------------+----------+----------+
| Bonds          | - Drivers in Criminal Court   | 7,110    | 2,210    |
+----------------+-------------------------------+----------+----------+
|                | - Electrical usage            | 144      | 144      |
+----------------+-------------------------------+----------+----------+
|                | - Bank overdrafts             | 41,000   | 29,000   |
+----------------+-------------------------------+----------+----------+
| Total          |                               | 98,343   | 91,517   |
+----------------+-------------------------------+----------+----------+

5.5 Current asset management

The company has a policy that the turnover of premiums due will not be over 2 months, otherwise the company would terminate the insurance contracts, while those associated with reinsurance will be as stated in the contracts. Regarding others we encourage them to pay within 15-30 days.

5.6 The company’s subsidiary

We have no subsidiary.