deferred revenue. However, during the period 2019, the Company has reconsidered the remaining guarantee EBITDA and found that existing risk and reward were insignificant. The Company has therefore reversed

385.7 (64.1%) Net Profit 406.6 99.3 (75.6%) Normalized Total Revenue/1 3,598.1 1,399.5 (61.1%) Normalized Net Profit/2 285.0 196.5 (31.1%) Normalized Total Revenue excluding Deferred Revenue Item/3

E_1 Legal_FA_2015_12_29-c A WWCCoorrppLL44..11hhiigg A Executive Summary 1 Management Discussion and Analysis For the Year Ended December 31, 2017 In 2017, Thai economic growth gained traction, buoyed by strong recoveries in tourism and exports. This growth momentum is expected to carry on into 2018, especially amid a brighter outlook in public and private investment. Nonetheless, the business sector remained challenged by new modes of competition in a broader marketplace amid the advancing digi...

7,355 65 21 7,329 7,376 (47) (1%) Profit (Loss) before FX, deferred income tax, impairment and impact of lease income 9,054 9,035 214 122 9,268 9,157 111 1% Loss from impairment (352) (509) - - (352) (509

changed to be Daol Securities (Thailand) Public Company Limited.** The performance of duties as the financial advisor for TIGER IPO is the first deal after the SEC 2-year suspension (30 June 2016 - 29 June

benefit at the expense of their clients. It is the duty of each and every securities firm to deal with its clients in a fair and honest manner and must take a prompt and appropriate action once it becomes

subsidiary recorded net profit of 3,635 MTHB, increased by 576 MTHB or 18.8% comparing to year 2018, which due to the recognition of deferred tax assets from loss carried forward of the Company and its

revenues for the year 2015 and 2016 were 1.4%. Income Tax Income tax including corporate income tax and derferred tax which derived from the adjustment of deferred tax assets (liabilities). Income tax for

incurred from deferred tax. This extra transaction was included in year ended 2017 financial statement for the net amount of THB 24 million. Revenue from Hospital Operations Revenue from hospital operations

Development and consultant fee for tourism at Baht 3.56 million. Income tax (expense) revenue For the 3 months period (quarter 2/2018), the Company has deferred tax expense at Baht 0.30 million which decreased