Assets of The Company and Its Subsidiary

Land, Buildings, and Machines

The details of various locations and land area are as follows :

Location Land Area Ownership Rai Ngan Wah

1. Factory at Angthong 89 3 41 Owned by the company

2. Worker Colony at

Angthong 3 0 0 Owned by the company

3. Storage tanks at

Sriracha 9 0 28 Owned by the company

Total 101 3 69

Total Book Value of Land = Baht 33,270,881.25

The company does not have any machines and equipment which is having the
Book Value of more than 10% of the total assets. All the assets are
shown at Net Book Value in the financial statement.

Details of Property, Plant, and Equipment

  -------------- ---------------------------------- --------------- ----------------
                 Items                              The Company     Consolidated

  1              Land                               33,270,881      62,941,327

  2              Buildings, Road and Lease Right    191,132,133     255,242,446

  3              Plant & Machinery                  1,715,660,604   2,283,778,322

  4              Furniture and Office Equipment     44,106,826      52,937,287

  5              Motor Vehicles                     15,142,129      18,568,176

  6              Machinery Under Financial Lease    156,554,413     156,554,413

  7              Machinery in Progress              -               -

  Total Cost                                        2,155,866,986   2,830,021,971

  Less                                              1,290,094,823   1,542,089,671
  Accumulated                                                       
  Depreciation                                                      

  Total Net Book                                    865,772,163     1,287,932,300
  Value                                                             
  -------------- ---------------------------------- --------------- ----------------

Investment in Subsidiary and Associated Companies

[TABLE]

Value of investment is taken as per net worth or book value of
investment companies as per notes 9 and 10 to our financial statements
as on 31/12/00.

Net Asset Values

1)  Net Book Value of the company’s total assets can be mentioned as
    under :

a)  Property, Plant and Equipment (Net Book Value after depreciation)

  = Book value as per Balance Sheet Baht 1,287,932,300

a)  Net worth of Investment Baht 1,381,751,084

b)  Assets other than fixed assets & investments above Baht
    1,728,063,060

  Net Book Value of the company’s total assets [ a) + b) + c) ] Baht
  4,397,746,444

2)  The value of Net Book Value as per 1) deducted by contingent
    liabilities is as follow :

  Net Book Value of the company’s total assets Baht 4,397,746,444

  Less Contingent liabilities Baht 652,698,477

- Bank guarantees Baht 800,000

-   Cost of land, buildings and machinery

  Mortgaged by subsidiary company Baht 651,898,477

The value of Net Book Value after deducted by contingent liabilities
Baht 3,745,047,967

3)  The value of Net Book Value of the Asset Per Share as per 1) and 2)

  The value of Net Book Value after deducted by contingent liabilities
  Baht 3,745,047,967

  Less Total Liabilities Baht 1,459,391,810

  Net Asset Value Baht 2,285,656,157

  No. of Shares 30,000,000

  Net Asset Value Per Share Baht 76.19

The machine that BV > 10% of total asset as on 31 December 2000.

The company does not have machines that BV > 10% of total asset (439.77
million Baht)