2.5 Utilization of Assets

The company has its office situated at Thanapoom Tower Building,
4-6^(th) Floors, New Petchburi Road, Rajthevee, Bangkok 10400 by renting
the building from Thai City Electric Co., Ltd. The list of company’s
major assets as at 31 December 2006 are as follows:

+--------------+-------------+------------+------------+-------------+
| Items        | Remaining   | Book Value | Rights     | Collateral  |
|              | useful      |            |            | /Commitment |
|              | lives       | (Baht)     | Chara      |             |
|              |             |            | cteristics | from the    |
|              | (period)    |            |            | loan        |
|              |             |            |            | Contract    |
+--------------+-------------+------------+------------+-------------+
| Premises     | 5-60        | 12,344,315 | owner      | none        |
| improvement  |             |            |            |             |
+--------------+-------------+------------+------------+-------------+
| Vehicles     | 2-26        | 5,830,588  | owner      | none        |
+--------------+-------------+------------+------------+-------------+
| Office       | 5-38        | 5,836,699  | owner      | none        |
| Equipment    |             |            |            |             |
+--------------+-------------+------------+------------+-------------+
| Office       | 1-60        | 12,121,073 | owner      | none        |
| Decoration   |             |            |            |             |
+--------------+-------------+------------+------------+-------------+
| Computer     | 1-60        | 3,784,406  | owner      | none        |
+--------------+-------------+------------+------------+-------------+
| Computer ¹   | 15          | 2,924,156  | leasing    | none        |
+--------------+-------------+------------+------------+-------------+
| Total        |             | 42,841,237 |            |             |
+--------------+-------------+------------+------------+-------------+

Remark ¹ The company had made a computer leasing contract with HPFS
Leasing (Thailand) Co. Totaling 12,093,196.55 Baht for 36 installment
periods.

Classification of Assets and Allowance for Doubtful Accounts Policy

The Company has laid down its policy on assets classification and
provisions in accordance with the SEC’s Rules. Debts especially on
margin loan were classified as doubtful loss, doubtful debt or
substandard debt. The doubtful loss debt is identified as the loan
balance which after every efforts of collection, the debt still remains
unpaid. The substandard debt means the loan balance which is not higher
than the collateralized portion of loans and the doubtful debt is the
debt which the loan balance is higher than the collateralized portion of
the value of debt.

With such classification of assets, the Company has set up a policy for
the Allowance for Doubtful Accounts to be 100% of the uncollateralized
portion of the value of debts.

The Unrecognizing of Revenue Policy

Unsettled transactions will not be recognized as company’s revenue if
they were not settled within 3 months and the Company will set up the
allowance for doubtful debts amount in the rate not less than 100 % of
the loan balance for the uncollateralized portion of the value of debts.

The Allowance for the Devaluation of Assets Policy

The Company has set up an allowance for devaluation of assets from cash investment by comparing the market value with the book value. If the book value is higher than the market value, the Company will set an allowance for the devaluation of the securities. If no market value is available, the book value will be used instead to consider the allowance amount on securities devaluation. For the devaluation of fixed assets, which for the Company at present, consist of only insignificant value such as equipment, decorations and office equipment, the considerations on the amount of devaluation allowance is relatively insignificant. However, the Company will always comply with the General Accounting Standard No.36 concerning the Devaluation of Assets.

Investment in Subsidiary and Merged Company Policy

In 2006, the Company had no subsidiary or merged company.