12. Financial Status

12.1 Financial Statements

  (1) A summary of the Independent Auditor’s Reports for the past 3
  years

In 2006, the Independent Auditor certified the Financial Statements
without qualified opinion.

In 2007, the Independent Auditor certified the Financial Statements
without qualified opinion.  However, there was an emphasis of matters
about the change of company accounting policy for recording investments
in subsidiary in separate financial statements from the equity method to
the cost method.  The company  has thus restated the separate financial
statements as at 31 December 2006 and for the year then ended to reflect
this accounting change.

In 2008, the Independent Auditor certified the Financial Statements
without qualified opinion.

(2) Summary of the Financial Status and Operating Performance

Following are the tables showing the Balance Sheets, Profit and Loss
Statements and Cash Flow Statements of the Company and its subsidiary
during past 3 years.

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  (3) Financial Ratio

Following are the table showing the Financial Ratio which are the
reflection of the Financial Statement and Operating Performance of the
Company and its subsidiary for past 3 years.

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12.2 Management Discussion and Analysis

(1) Operating Result

In the year 2008, the company and its subsidiaries had net profit from
operation in the amount of 30.01 Million Baht, the gross profit 1,591.95
Million Baht, which come from sales and service income of computer and
software business, other income of 19.75 Million Baht, the capital of
selling and services in the amount of 1,177.83 Million Baht, the
company’s selling and administrative expenses in the amount of 382.95
Million Baht, financial expenses of 2.64 Million Baht and corporate
income tax in the amount of 18.27 Million Baht.

The change of the Company’s financial status and performance in the year
2008 by comparison with the year 2007, net profit increased by 5.31
Million Baht, which come from sales and service increased by 192.77
Million Baht, other income decreased by 0.94 Million Baht. The selling
and services’ capital and the selling and administrative expenses
increased by 187.24 Million Baht, financial expenses decreased by 3.67
Million Baht and corporate income tax increased by 2.56 Million Baht.

(2) Financial Status

The total assets of the company and its subsidiaries in the amount of
798.56 Million Baht increased by 66.46 Million Baht, resulted from the
cash and cash equivalents increased by 60.69 Million Baht, current
investment decreased by 7.41 Million Baht, trade receivable decreased by
28.18 Million Baht, remaining of the inventory increased by 50.24
Million Baht, other current assets decreased by 1.69 Million Bath,
restricted fixed deposit with bank increased by 14.45 Million Baht,
investment in associated company increased by 1.95 Million Baht, other
long-term investment increased by 10.00 Million Baht, computer software
presented as part of net equipments decreased by 12.78 Million Baht,
other non-current assets decreased by 20.82 Million Baht.

The total liabilities of the company and its subsidiaries in the amount
of 556.30 Million Baht increased by 20.78 Million Baht, resulted from
Short-term loan from financial institution increased by 10.00 Million
Baht, account payable increased by 22.96 Million Baht, account payable
of related parties decreased by 0.46 Million Baht, factoring payable
account decreased by 21.39 Million Baht, accrued expenses decreased by
32.18 Million Baht, deferred service income increased by 4.12 Million
Baht, other current liabilities increased by 6.71 Million Baht,
long-term loans and current portion of long-term loans of finance lease
payable increased by 1.81 Million Baht, current portion of long term
liabilities of finance lease payable increased by 3.42 Million Baht,
current portion of long term liabilities under rehabilitation plan
decreased by 2.28 Million Baht.

Shareholder’s equity of the company and its subsidiaries in the amount
of 242.26 Million Baht increased by 45.68 Million Baht, net profit of
the company and its subsidiaries in the amount of 30.01 Million Baht,
minority interests decreased by 35.33 Million Baht and the profit from
selling investment in the amount of 51 Million Baht.

(3) Major Factors and Influences which may Affect Future Operations or
    Financial Status

-None-

12.3 Audit Fee

  (1) Audit Fee

  The Company and its subsidiary paid audit fee as follows:

-   The Company’s auditor for the year 2008 in an amount 0 Baht

-   Auditor’s firm for the year 2008 in an amount of Baht 1,010,000

    2.  Non-Audit Fee

  - None -