5.  ASSETS OF THE COMPANY AND ITS SUBSIDIARY

    1.  Property, plant and equipment

  As at December 31, 2003, property, plant and equipment of the Company
  and its subsidiary are as following:

  Unit: Thousand Baht

+-------------+------------+--------------+-------+-------+----------+
| Location    | Assets     | Size         | Type  | Obje  | Book     |
|             |            |              | of    | ctive | Value    |
|             |            |              | proce |       |          |
|             |            |              | ssion |       |          |
+-------------+------------+--------------+-------+-------+----------+
| Capetronic  | Land       | 65 Rai 389   | Owner | O     | 27,606   |
| In          |            | square Wah   |       | ffice |          |
| ternational |            |              |       | and   |          |
| (Thailand)  |            |              |       | Plant |          |
| Ltd. PLC    |            |              |       |       |          |
+-------------+------------+--------------+-------+-------+----------+
|             | Building   | 48,056 sq.   | Owner | O     | 65,809   |
|             |            | meters       |       | ffice |          |
|             |            |              |       | and   |          |
|             |            | (2 Office    |       | Plant |          |
|             |            | Building,    |       |       |          |
|             |            |              |       |       |          |
|             |            | 1 Canteen, 6 |       |       |          |
|             |            | Plants)      |       |       |          |
+-------------+------------+--------------+-------+-------+----------+
|             | Machines & |              | Owner | M     | 102,963  |
|             | Equipment  |              |       | anufa |          |
|             |            |              |       | cture |          |
|             |            |              |       | com   |          |
|             |            |              |       | puter |          |
|             |            |              |       | mon   |          |
|             |            |              |       | itors |          |
+-------------+------------+--------------+-------+-------+----------+
|             | Furniture, |              | Owner | Su    | 6,407    |
|             | Fixture    |              |       | pport |          |
|             | and Office |              |       | m     |          |
|             | Equipment  |              |       | anufa |          |
|             |            |              |       | cture |          |
|             |            |              |       | com   |          |
|             |            |              |       | puter |          |
|             |            |              |       | mon   |          |
|             |            |              |       | itors |          |
+-------------+------------+--------------+-------+-------+----------+
|             | Vehicles   |              | Owner | Su    | -        |
|             |            |              |       | pport |          |
|             |            |              |       |       |          |
|             |            |              |       | M     |          |
|             |            |              |       | anufa |          |
|             |            |              |       | cture |          |
|             |            |              |       | com   |          |
|             |            |              |       | puter |          |
|             |            |              |       | mon   |          |
|             |            |              |       | itors |          |
+-------------+------------+--------------+-------+-------+----------+
|             | Work In    |              | Owner | M     | 1,991    |
|             | Process/Co |              |       | anufa |          |
|             | nstruction |              |       | cture |          |
|             |            |              |       | com   |          |
|             |            |              |       | puter |          |
|             |            |              |       | mon   |          |
|             |            |              |       | itors |          |
+-------------+------------+--------------+-------+-------+----------+
| Total       |            |              |       |       | 204,776  |
+-------------+------------+--------------+-------+-------+----------+

  The Company has mortgaged some parts of its land and building with a
  bank in order to secure credit facilities.

2.  Value of net assets of the Company and its subsidiary

Million Baht

1.  Net Asset Value

Net asset value of the company and subsidiary

  As of December 31,2003 189.32

2.  Net Asset Value after adjustment for commitments under bank
    guarantee

Net asset value of the company and subsidiary

  As of December 31,2003 189.32

  Less: commitments of bank guarantee in the ordinary course of business
  4.00

  185.32

3.  Value of the net assets/ Baht per share

  Value of the net assets/ Baht per share (per 5.2.1) 0.14

  Value of the net assets/ Baht per share (per 5.2.2) 0.13

3.  Investment

  The Company’s policy for investment in subsidiary and associated
  companies is to support the Company’s sales, after sales services,
  manufacturing techniques, design skills as well as technology
  transfer.

  The Company, its subsidiary and associated companies have certain
  management and directors in common in order to enhance the management
  flexibility in strategic planning and operation. Details as shown in
  attachment 1.

  In 2002

  For the year ended December 31, 2002, the activities of the foreign
  associated companies were not significant. Many of the companies were
  voluntarily wound up. Losses on this restructuring have been offset
  against provision made for the Company’s share of losses in the
  foreign associated companies in prior year as follows:

  Unit : Baht Thousand

  Loss on restructuring of related parties (note 6) (2,562,026)

  Reversal of previously provided (note 3) 1,116,066

  Share of profit for the year 901,647

  (544,313)

  Currently, some subsidiaries of Capetronic Computer Peripherals
  Holdings Limited are non-operating companies and in liquidation as
  follows:

  - Capetronic (UK) Limited – in liquidation

  - Capetronic Management Services Limited – liquidation completed

  - Capetronic Computer Sales Limited – non operational

-   Capetronic Computer International Limited – non operational

  All of the subsidiaries of Capetronic Computer Products Holdings
  Limited are non-operating except for Capetronic USA Manufacturing Inc.
  which is in liquidation. Capetronic Computer Products Holdings Limited
  registration has ceased on November 1, 2002.

  Capetronic (Kaohsuing) Corporation, a subsidiary of the Company’s
  associated company, Capetronic Computer Products Holdings Limited, was
  previously the main company which ran the principal business activity
  of this group, and has discontinued its operations and has been
  liquidated.

  In 2003

  Capetronic Computer USA (HK) Ltd. is in liquidation at December 31,
  2003.

  The represent investments in ordinary shares of the following
  companies :-

  (Unit : Thousand Baht)

  Type of Shares issued Percentage of shareholding Consolidated The
  Company Only

  Business and Fully as at as at

  paid up December 31, December 31, December 31, December 31, December
  31, December 31,

  2003 2002 2003 2002 2003 2002

+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
| Subsidiary      |     |     |     |      |     |     |     |     |
| company         |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
| Capetronic      | Non | 40, | 1   | 100% |     |     |     |     |
| (Thailand)      | -op | 000 | 00% |      |     |     |     |     |
| Limited         | era |     |     |      |     |     |     |     |
|                 | ted |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - cost        |     |     |     |      |     |     | 40, | 40, |
|                 |     |     |     |      |     |     | 000 | 000 |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - share of    |     |     |     |      |     |     | (16 | (16 |
|   accumulated   |     |     |     |      |     |     | 3,0 | 2,9 |
|   loss          |     |     |     |      |     |     | 79) | 19) |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|                 |     |     |     |      |     |     | (12 | (12 |
|                 |     |     |     |      |     |     | 3,0 | 2,9 |
|                 |     |     |     |      |     |     | 79) | 19) |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
| - transfer to   |     |     |     |      |     |     | 1   | 1   |
| allowance (Note |     |     |     |      |     |     | 23, | 22, |
| 3)              |     |     |     |      |     |     | 079 | 919 |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|                 |     |     |     |      |     |     | -   | -   |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
| Assoc           |     |     |     |      |     |     |     |     |
| iated companies |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
| Capetronic      |     |     |     |      |     |     |     |     |
| Computer        |     |     |     |      |     |     |     |     |
| Products        |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   Holdings      | Ho  | 1,  | 50% | 50%  |     |     |     |     |
|   Limited       | ldi | 250 |     |      |     |     |     |     |
|                 | ngs |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - cost        |     |     |     |      | 1,4 | 1,4 | 1,4 | 1,4 |
|                 |     |     |     |      | 67, | 67, | 67, | 67, |
|                 |     |     |     |      | 300 | 300 | 300 | 300 |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - share of    |     |     |     |      |     |     |     |     |
|   accumulated   |     |     |     |      |     |     |     |     |
|   loss          |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   at beginning  |     |     |     |      | 5   | (38 | 5   | (38 |
|   of the year   |     |     |     |      | 49, | 5,5 | 49, | 5,5 |
|                 |     |     |     |      | 316 | 49) | 316 | 49) |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - share of    |     |     |     |      | -   | 9   | -   | 9   |
|   profit        |     |     |     |      |     | 34, |     | 34, |
|                 |     |     |     |      |     | 865 |     | 865 |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - dividend    |     |     |     |      | (61 | (61 | (61 | (61 |
|   received      |     |     |     |      | 5,0 | 5,0 | 5,0 | 5,0 |
|                 |     |     |     |      | 00) | 00) | 00) | 00) |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - transferred |     |     |     |      |     |     |     |     |
|   to goodwill   |     |     |     |      |     |     |     |     |
|   on            |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   acquisition   |     |     |     |      | -   | -   | -   | -   |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - translation |     |     |     |      | -   | -   | -   |   - |
|   adjustment    |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - adjusting   |     |     |     |      |     |     |     |     |
|   entries in    |     |     |     |      |     |     |     |     |
|   goodwill      |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
| and accumulated |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
| translation     |     |     |     |      | (1  | (1  | (1  | (1  |
| adjustment      |     |     |     |      | ,40 | ,40 | ,40 | ,40 |
|                 |     |     |     |      | 1,6 | 1,6 | 1,6 | 1,6 |
|                 |     |     |     |      | 16) | 16) | 16) | 16) |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|                 |     |     |     |      | -   | -   | -   |   - |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
| Capetronic      |     |     |     |      |     |     |     |     |
| Computer        |     |     |     |      |     |     |     |     |
| Peripherals     |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   Holdings      | Ho  | 5   | 50% | 50%  |     |     |     |     |
|   Limited       | ldi |     |     |      |     |     |     |     |
|                 | ngs |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - cost        |     |     |     |      | 2   | 2   | 2   | 2   |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - share of    |     |     |     |      |     |     |     |     |
|   accumulated   |     |     |     |      |     |     |     |     |
|   loss at the   |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   beginning of  |     |     |     |      | (1  | (97 | (1  | (97 |
|   the year      |     |     |     |      | ,01 | 8,1 | ,01 | 8,1 |
|                 |     |     |     |      | 1,4 | 98) | 1,4 | 98) |
|                 |     |     |     |      | 16) |     | 16) |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - share of    |     |     |     |      | -   | (3  | -   | (3  |
|   loss          |     |     |     |      |     | 3,2 |     | 3,2 |
|                 |     |     |     |      |     | 18) |     | 18) |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - translation |     |     |     |      | (10 | (10 | (10 | (10 |
|   adjustment    |     |     |     |      | 4,6 | 4,6 | 4,6 | 4,6 |
|                 |     |     |     |      | 52) | 52) | 52) | 52) |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|                 |     |     |     |      | (1  | (1  | (1  | (1  |
|                 |     |     |     |      | ,11 | ,11 | ,11 | ,11 |
|                 |     |     |     |      | 6,0 | 6,0 | 6,0 | 6,0 |
|                 |     |     |     |      | 66) | 66) | 66) | 66) |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - reversal of |     |     |     |      | 1,1 | 1,1 | 1,1 | 1,1 |
|   previously    |     |     |     |      | 16, | 16, | 16, | 16, |
|   provided      |     |     |     |      | 066 | 066 | 066 | 066 |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   - provision   |     |     |     |      |     |     |     |     |
|   for           |     |     |     |      |     |     |     |     |
|   diminution in |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   value of      |     |     |     |      |     |     |     |     |
|   investments   |     |     |     |      |     |     |     |     |
|   in            |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
|   subsidiary    |     |     |     |      |     |     |     |     |
|   and           |     |     |     |      |     |     |     |     |
|   associated    |     |     |     |      |     |     |     |     |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+
| companies       |     |     |     |      | -   | -   | -   | -   |
+-----------------+-----+-----+-----+------+-----+-----+-----+-----+