Company
			2000		1999
			Baht		Baht
Certificate of deposit			22,010,258		22,010,258
Investments in Capital Augmented Preferred Securities Funds			25,000,000		25,000,000
Investments in debentures			40,305,076		40,305,076
Other long-term investments
Subsidiary company			208,557		245,889
Joint ventures
Balance - as previously reported			—		2,642,227
Prior year adjustment - change in the accounting for joint venture (Note 3)
			—		1,841,681
Balance - as restated			29,793,103		4,483,908
Other companies, net			16,124		16,124
Total other long-term investments			30,017,784		4,745,921
Total long-term investments, net			117,333,118		92,061,255

As at 31 December 2000, the certificate of deposit amount of Bht 22 million is a negotiable certificate of deposit of Krungthai Bank Public Company Limited. The certificate of deposit will be due in 2002.

As at 31 December 2000, the investments in Capital Augmented Preferred Securities Funds amounting to Bht 25 million comprise investments in 1.5 million units of Bht 10 each of The Bualuang Capital Augmented Preferred Securities Fund, which is a perpetual and closed - end fund, totalling Bht 15 million and 1 million units of Bht 10 each of The Preferred Shares - Subordinated Debentures of DBS Thai Danu Bank Public Company Limited Fund, which is an indefinite life fund, totalling Bht 10 million. According to the Prospectus of The Bualuang Capital Augmented Preferred Securities Fund and Prospectus of The Preferred Shares - Subordinated Debentures of DBS Thai Danu Bank Public Company Limited Fund, the Capital Augmented Preferred Securities Funds will be redeemed during the years 2004 to 2006 and year 2006 respectively.

As at 31 December 2000, investments in debentures amounting to Bht 40.3 million represent investments in 30,000 units and 10,000 units of Bht 1,000 each of unsubordinated and unsecured debentures of two public limited companies. The debentures carry interest at the fixed rates of 9% and 9.5% per annum throughout the terms of debentures. The debentures amounting to Bht 30 million and Bht 10.3 million will be redeemed in years 2005 and 2004 respectively.

Other long-term investments are summarised as follows:

 

						Consolidated (Baht)
		Paid-up capital		Percentage of Holding		Cost method
		2000	1999	2000	1999	2000	1999
	Nature of business	Baht	Baht	Baht	Baht	Baht	Baht
Other companies
Singapore Press Holdings Limited	Publisher of magazines	27,393,300,000	27,393,300,000	0.00	0.00	16,124	16,124
Asia Magazines Limited	Publisher of magazines	75,143,373	75,143,373	10.90	10.90	12,725,577	12,725,577
						12,741,701	12,741,701
Less: Allowance for impairment in value of investments						(12,725,577)	(12,725,577)
Total investments in other companies, net						16,124	16,124

Continued next page>>