7. Assets of The Company and Its Subsidiary 

7.1 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 95 0 22 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 107 0 50

Total Book Value of Land = Baht 36,223,081

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                               36,223,081      65,723,081

  2              Buildings, Road and Lease Right    196,447,628     258,830,872

  3              Plant & Machinery                  1,898,392,423   2,497,499,586

  4              Furniture and Office Equipment     52,304,219      63,081,572

  5              Motor Vehicles                     15,235,452      20,685,680

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

  7              Machinery in Progress              180,199         180,199

  Total Cost                                        2,355,337,415   3,062,555,403

  Less                                              1,586,571,587   1,894,382,231
  Accumulated                                                       
  Depreciation                                                      

  Total Net Book                                    768,765,828     1,168,173,172
  Value                                                             
  -------------- ---------------------------------- --------------- ----------------

7.2 Investment in Subsidiary and Associated Companies

[TABLE]

Value of investment is taken as per net worth or book value of investee
companies as per notes 8 and 9 to our financial statements as on
31/12/02.

7.3 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 1,168,173,177

b)  Net worth of Investment Baht 1,443,006,507

c)  Assets other than fixed assets & investments above Baht
    2,151,021,870

  Net Book Value of the company’s total assets [ a) + b) + c) ] Baht
  4,762,201,554

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 4,762,201,554

  Less Contingent liabilities Baht 704,890,407

  - Bank guarantees Baht 13,900,000

-   Cost of land, buildings and machinery

Mortgaged by subsidiary company Baht 690,990,407

The value of Net Book Value after deducted by contingent liabilities
Baht 4,057,311,147

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 4,057,311,147

  Less Total Liabilities Baht 873,323,173

  Net Asset Value Baht 3,183,987,974

  No. of Shares 30,000,000

  Net Asset Value Per Share Baht 106.13

The machine that BV > 10% of total asset as on 31 December 2002.

The company does not have machines that BV > 10% of total asset
(476.22million Baht)