5.  Asset Used in Operation

Total Assets

Total assets of The Siam Cement Group at the end of 2009 were Baht
315,992 million of which 28 percent of them are current assets,
comprising of cash and cash equivalents, trade accounts and notes
receivable, and inventories. The rest (72 percent) are investments,
property, plant and equipment, and other assets.

Most assets shown in the financial statements of the Company and its
subsidiaries were built by and belonged to the Company and its
subsidiaries. SCG has no policy to place any assets as collateral;
therefore, having no such pledged assets. Excluding, two of subsidiaries
placed land, building and equipment as collateral for overdraft lines
and long-term debts from financial institutions amounted to Baht 3,292
million.

Total assets can be classified according to main business units as
follows:

  -------------------- --------------- -------------- --------------------
                       2009            2008           

  SCG Chemicals        165,964         138,504        Million Baht

  SCG Paper            47,942          51,089         Million Baht

  SCG Cement           60,681          60,770         Million Baht

  SCG Building         22,991          22,654         Million Baht
  Materials                                           

  SCG Distribution     10,110          10,903         Million Baht
  -------------------- --------------- -------------- --------------------

From the consolidated financial statements of the Company and its
subsidiaries property, plant and equipment have carrying values of Baht
151,804 million, which are 48 percent of total assets.

Property, Plant and Equipment - Net

[]

Remark: Figures in financial statements are classified according to
Business Groups before adjustment of inter-business transactions.

Remark: * At Book Value

Intangible Assets

-   Patents

  Hereunder is the list of important patents of the Company and its
  operation subsidiaries.

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-   Concession

Concessions in limestone and gypsum mines are long-lived. Their
maturities have been continuously extended because cement is a
fundamental product for construction and infrastructure related to the
country’s economy. Hence, there is a hypothesis that cement market
growth closely links to economic growth of the country.

Details of concessions for the Company and affiliates in cement business
are shown in the Products or Services of SCG Cement on page 40 - 44.

-   BOI Certificates

SCG adheres to the policy to apply for the BOI’s privileges in every
business it is eligible for. The Group believes that it can fully
operate under all BOI’s rules and regulations due to its transparent
operation based on good corporate governance.

SCG Chemicals

The Business acquired BOI tax incentives such as machinery import duty
exemption, corporate tax exemption for 8 years from the date of first
revenue received, and 50 percent reduction of corporate income tax for 5
years after the exemption period. Details are shown below:

+------------------------+--------------+-----------------------------+
| Project                | D            | Expiry of Tax Incentives    |
|                        | ate Acquired |                             |
+------------------------+--------------+-----------------------------+
| LDPE                   | J            | Jun. 2008                   |
|                        | ul. 20, 1995 |                             |
+------------------------+--------------+-----------------------------+
| PP 2                   | S            | Apr. 2010                   |
|                        | ep. 26, 1995 |                             |
+------------------------+--------------+-----------------------------+
| PP 3                   | J            | Jul. 2023*                  |
|                        | ul. 24, 2007 |                             |
+------------------------+--------------+-----------------------------+
| HDPE 2                 | J            | Aug. 2011                   |
|                        | ul. 10, 1995 |                             |
+------------------------+--------------+-----------------------------+
| HDPE 3                 | J            | Oct. 2014                   |
|                        | ul. 24, 2000 |                             |
+------------------------+--------------+-----------------------------+
| HDPE 4                 | J            | Jul. 2023*                  |
|                        | ul. 24, 2007 |                             |
+------------------------+--------------+-----------------------------+
| Jetty and Terminal     | J            | Sep. 2011                   |
|                        | an. 26, 1998 |                             |
|                        |              | Sep. 2011                   |
|                        | Mar 31, 1998 |                             |
|                        |              | Dec. 2016                   |
|                        | Oct. 2, 2003 |                             |
|                        |              | Jul. 2017                   |
|                        | May 19, 2004 |                             |
|                        |              | Jan. 2018                   |
|                        | Nov. 25,     |                             |
|                        | 2004         | Jan. 2024*                  |
|                        |              |                             |
|                        | Dec. 12,     | Aug. 2025*                  |
|                        | 2007         |                             |
|                        |              |                             |
|                        | Aug. 14,     |                             |
|                        | 2009         |                             |
+------------------------+--------------+-----------------------------+
|                        |              |                             |
+------------------------+--------------+-----------------------------+
| Olefins (ROC)          | A            | Jan. 2012                   |
|                        | ug. 14, 1995 |                             |
| Olefins (MOC)          |              | Jan. 2023*                  |
|                        | Dec. 25,     |                             |
|                        | 2006         |                             |
+------------------------+--------------+-----------------------------+
| PE Compound            | F            | Feb. 2017                   |
|                        | eb. 10, 2003 |                             |
|                        |              | Mar. 2018                   |
|                        | Mar. 11,     |                             |
|                        | 2004         | Feb. 2020                   |
|                        |              |                             |
|                        | Mar. 26,     | Nov. 2019                   |
|                        | 2004         |                             |
|                        |              | Jul. 2020                   |
|                        | Apr. 10,     |                             |
|                        | 2006         | Mar. 2021*                  |
|                        |              |                             |
|                        | May. 23,     |                             |
|                        | 2006         |                             |
|                        |              |                             |
|                        | Dec. 7, 2007 |                             |
+------------------------+--------------+-----------------------------+
| Catalyst               | Aug. 7, 2009 | Aug. 2025*                  |
+------------------------+--------------+-----------------------------+
| Steam (ton per hour)   | Oct. 3       | Oct. 2025*                  |
|                        | 0^(th), 2009 |                             |
+------------------------+--------------+-----------------------------+
| Calibration            | J            | May. 2019                   |
|                        | un. 30, 2003 |                             |
|                        |              | Jun. 2018                   |
|                        | Nov. 21,     |                             |
|                        | 2003         |                             |
+------------------------+--------------+-----------------------------+
| Industrial Zone        | Dec. 4, 1997 | Mar. 2018                   |
+------------------------+--------------+-----------------------------+
| Waste water treatment, | M            | Jan. 2023                   |
| Plant Industrial Waste | ar. 20, 2008 |                             |
| and Toxic Chemicals    |              |                             |
| Management             |              |                             |
+------------------------+--------------+-----------------------------+
| PVC 6                  | D            | Apr. 2008                   |
|                        | ec. 21, 1993 |                             |
| PVC 7                  |              | Dec. 2009                   |
|                        | Jul. 20,     |                             |
| PVC 8                  | 1995         | Jul. 2012                   |
|                        |              |                             |
| PVC 9                  | Aug. 5, 1997 | Apr. 2021                   |
|                        |              |                             |
| VCM 2                  | Aug. 5, 2005 | May 2012                    |
|                        |              |                             |
|                        | Jan. 8, 1996 |                             |
+------------------------+--------------+-----------------------------+
| HDPE 2                 | J            | Aug. 2011                   |
|                        | ul. 10, 1995 |                             |
+------------------------+--------------+-----------------------------+

Remark: * Estimate date

The project which receives corporate tax exemption for 8 years from the
date of first revenue received:

  ---------------------------- ---------------- --------------------------
  Project                      Date Acquired    Expiry of Tax Incentives

  Research & Development       Aug. 27, 2009    Aug. 2020*
  ---------------------------- ---------------- --------------------------

Remark: * Estimate date

The project which receives corporate tax exemption on corporate net
profit in an amount equivalent or less than an investment amount of
modification project for 3 years from the date of first revenue
generated:

  ----------------------------- --------------- --------------------------
  Project                       Date Acquired   Expiry of Tax Incentives

  PP (Modification)             Oct. 30, 2009   Oct. 2014*
  ----------------------------- --------------- --------------------------

Remark: * Estimate date

SCG Paper

  Details of companies receiving BOI privileges:

+----------------------------+--------------+-------------------------+
| Project                    | Date         | Expiry of Tax           |
|                            | Acquired     | Incentives              |
+----------------------------+--------------+-------------------------+
| Pulp                       | Sept 24,     | Sept 2009               |
|                            | 2001         |                         |
+----------------------------+--------------+-------------------------+
| Pulp Mould                 | Feb 5, 1997  | Feb 2010                |
+----------------------------+--------------+-------------------------+
| Sheetboard and Corrugated  | Aug 8, 1997  | Aug 2010                |
| Container                  |              |                         |
+----------------------------+--------------+-------------------------+
| Sheetboard                 | S            | Sept 2011               |
|                            | ept 16, 2008 |                         |
+----------------------------+--------------+-------------------------+
| Paper Recycling Business   | Aug 22, 2007 | Aug, 2015               |
+----------------------------+--------------+-------------------------+
| Cogeneration Plant         | Sept 22,     | 8 years from the date   |
|                            | 2005         | of first                |
|                            |              |                         |
|                            |              | revenue received        |
+----------------------------+--------------+-------------------------+
| Kraft Paper                | Mar 28, 1997 | Mar 2011                |
+----------------------------+--------------+-------------------------+
| Cogeneration Plant         | Jan 19, 2005 | Jan 2012                |
| (Philippines)              |              |                         |
+----------------------------+--------------+-------------------------+
| Printing and Writing Paper | Aug 17, 2006 | May 2016                |
+----------------------------+--------------+-------------------------+
| Kraft Paper (Vietnam)      | Jan 18, 2007 | 13 years from the date  |
|                            |              | of first                |
|                            |              |                         |
|                            |              | revenue received        |
+----------------------------+--------------+-------------------------+
| Sheetboard and Corrugated  | Jul 24, 2007 | 13 years from the date  |
| Container                  |              | of first                |
|                            |              |                         |
|                            |              | revenue received        |
+----------------------------+--------------+-------------------------+

SCG Cement

  Details of companies receiving BOI privileges:

+----------------------------+--------------+-------------------------+
| Project                    | D            | Expiry of Tax           |
|                            | ate Acquired | Incentives              |
+----------------------------+--------------+-------------------------+
| Waste-Heat Power Generator | Nov 6, 2007  | Dec, 2016               |
| (WHG) under Cementhai      |              |                         |
| Energy Conservative        |              |                         |
| Company Limited            |              |                         |
+----------------------------+--------------+-------------------------+

SCG Building Materials

  Details of companies receiving BOI privileges:

+---------------------------+---------------+-------------------------+
| Project                   | Date Acquired | Expiry of Tax           |
|                           |               | Incentives              |
+---------------------------+---------------+-------------------------+
| Production line of ridge  | Jun. 20, 2006 | Jun. 2013               |
| tile                      |               |                         |
+---------------------------+---------------+-------------------------+

  SCG Distribution

  Details of companies receiving BOI privileges:

+---------------------------+---------------+-------------------------+
| Project                   | Date Acquired | Expiry of Tax           |
|                           |               | Incentives              |
+---------------------------+---------------+-------------------------+
| Warehouse in Laem Chabang | Nov 18, 2008  | Nov 18, 2013            |
| (Export Service Center    |               |                         |
| Phase 1)                  |               |                         |
+---------------------------+---------------+-------------------------+

-   Trademarks

The key trademarks of The Siam Cement Public Company Limited and its
subsidiaries comprise of “Elephant” in a hexagon, “Elephant” in a
circle, “Erawan Elephant” in a circle, and “Tiger” in a circle,
“Elephant” in a hexagon and “SCG” trademark etc. About 451 trademarks
are registered at The Department of Intellectual Property.

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