L. Financial Status and Operational Results

Group Financial Highlights

+------------------------------------+-----+--------+--------+-------+
| For the Year (Million Baht)        |     | 2003   | 2004   | 2005  |
+------------------------------------+-----+--------+--------+-------+
| Total revenues                     |     | 128.4  | 75.9   | 325.2 |
+------------------------------------+-----+--------+--------+-------+
| Total expenses                     |     | 127.6  | 121.6  | 317.7 |
+------------------------------------+-----+--------+--------+-------+
| Profit/ (loss) before              |     | 0.8    | (52.1) | 5.1   |
| extraordinary items                |     |        |        |       |
+------------------------------------+-----+--------+--------+-------+
| Profit/ (loss) after extraordinary |     | 0.5    | (52.1) | 5.1   |
| items                              |     |        |        |       |
+------------------------------------+-----+--------+--------+-------+
| At Year-end (Million Baht)         |     |        |        |       |
+------------------------------------+-----+--------+--------+-------+
| Total assets                       |     | 1      | 1      | 1,    |
|                                    |     | ,093.1 | ,404.1 | 734.9 |
+------------------------------------+-----+--------+--------+-------+
| Total liabilities                  |     | 399.7  | 762.2  | 1,    |
|                                    |     |        |        | 059.1 |
+------------------------------------+-----+--------+--------+-------+
| Shareholders’ equity               |     | 693.4  | 641.9  | 675.9 |
+------------------------------------+-----+--------+--------+-------+
| Per Share (Baht)                   |     |        |        |       |
+------------------------------------+-----+--------+--------+-------+
| Profit/ (loss) before              |     | -      | (0.24) | 0.02  |
| extraordinary items                |     |        |        |       |
+------------------------------------+-----+--------+--------+-------+
| Profit/ (loss) after extraordinary |     | -      | (0.24) | 0.02  |
| items                              |     |        |        |       |
+------------------------------------+-----+--------+--------+-------+
| Net tangible assets                |     | 3.15   | 2.92   | 3.07  |
+------------------------------------+-----+--------+--------+-------+
| Financial Ratios                   |     |        |        |       |
+------------------------------------+-----+--------+--------+-------+
| Current ratio                      |     | 3.8    | 2.4    | 22.6  |
+------------------------------------+-----+--------+--------+-------+
| Debt equity ratio (%)              |     | 54.8   | 110.4  | 148.1 |
+------------------------------------+-----+--------+--------+-------+
| Return on equity (%)               |     |        |        |       |
+------------------------------------+-----+--------+--------+-------+
| Before extraordinary items         |     | 0.1    | (8.1)  | 0.75  |
+------------------------------------+-----+--------+--------+-------+
| After extraordinary items          |     | 0.1    | (8.1)  | 0.75  |
+------------------------------------+-----+--------+--------+-------+