5. Group’s assets

Property, plant & equipment:

Property: The land on which the hospital is situated has an area of 5
rai, 87 square wah. It is located at 51/3 Ngam Wongwan Rd., Lad Yao
Subdistrict, Chatuchak District, Bangkok. On December 31, 2000, it had a
book value of 68.13 million baht. It is mortgaged with the Thai Military
Bank as collateral for a long-term loan of 380 million baht.

Building The company has two building including

Building 1 The concrete building high 9th Floor for treatment and
admitting patient. The area is 10,388 square metre. On December 31,
2000. they had a book value of 58.11 million bath.

Building 2 There is the concrete building including two towers by two of
this tower use the 1-9 floor to be the basement together. Each floor has
area 3,215 square metre. The first tower has 10-18 for treatment and
admittion. Each floor has area 1,262 square metre. The second tower has
floor from 10-24 including office building and serviced apartments for
rental .Each floor has space 600 square metre. On December 31, 2000,
they had a book value of 550.09 million baht. It is mortgaged with the
Thai Military Bank as collateral for a long-term loan of 380 million
baht.

Medical equipment : On December 31, 2000, they had a book value of
107.85 million baht.

Machinery : No machinery with value exceeding 10 % of total assets in
the most recent financial year.

Office equipment : On December 31, 2000, they had a book value of 33.51
million baht

Vibhavadi Mansion Co., Ltd.'s assets - fixtures and fitting on leased
premises - had a book value of 4.70 million baht on December 31, 2000.

The Company 's Investment

Companies Type of Paid-up % Capital

Business Capital shareholding Invest-ment

Vibhavadi Apartment 250,000 100 % 250,000

Mansion Co. For rent

Chao Phaya Hospital 46,408,320 5.44 % 46,408,320

Hospital Co.

Patthakarn Hospital 89,250,000 16.50 % 89,250,000

Vechakit Co.

Suphalerk Hospital 3,000,000 6 % 3,000,000

U-thong

Hospital Co.

Vibhavadi Engineering, 100,000 10 % 100,000

Consultant Co. Finance &

Accounting

Consultant

Kanchanaburi Health 2,500,000 15 % 2,500,000

Health Co. Center

141,508,320

Net assets:

(1) Net assets on December 31, 2000

  -------------------------------- ------------------------ -------------
  Total assets                     1,250,480,178 baht       

  less total liabilities           477,806,124 baht         

  Net assets                       772,674,054 baht         

  Conversion of investment to cost                          
  price                                                     

  (2) Net assets                   772,674,054 baht         

  less obligations under guarantee 84,825,112 baht          

                                   687,848,942 baht         
  -------------------------------- ------------------------ -------------

Value of assets per share:

  Net assets per share under (1) = 21.48 baht

  “ “ (2) = 19.13 baht

Policy of investment in the subsidiary (Vibhavadi Mansion Co., Ltd.):

In order to enable the company to fully seek after benefits from the
hospital building which has a space left over, the incorporation of
Vibhavadi Mansion Co., Ltd. has been registered for it to do the duty of
managing the said building, with the company holding 100% of its shares,
and company directors have been appointed to be directors of Vibhavadi
Mansion Co., Ltd. in order to supervise the work performance of its
personnel in accordance with the policy set by the company.

Policy of investment in associated company (Phatthanakan Vejakit Co.,
Ltd.) and related parties (Chao Phraya Hospital Co., Ltd.; Supalerk
U-thong Hospital Co., Ltd.; Vibhavadi Consultant Co., Ltd.; Kanchanaburi
Health Center Co., Ltd.):

In order to create business allies by choosing to invest in businesses
having the same character or a mutually supportive one but being in an
area not giving rise to competition but representing the creation of a
more extensive medical care network convenient for service users and by
assigning company representatives to be directors in such companies but
with a policy to let the operation of each company be independent, the
directors sent as representative shall at their discretion be able to
develop the work of each company as they may see fit.