THB 169mn (see further details in trade and other receivable section) and 3) an increase in float from Rabbit cardholders of THB 38mn. However, the increase was partially offset by 4) a decrease in

debt was stable at 3.1% per year. Profit In 2Q19, EBITDA was Bt19,117mn increasing 0.6% YoY and 1. 1% QoQ following growth in core service revenue offset by higher network OPEX and SG&A. Excluding the

offset by a decrease in deferred revenue of THB 48mn. Total equity was THB 3,052mn rose by THB 306mn or 11.1%. This was attributed to an increase in premium on shares of THB 308mn which was from the rights

the employee benefit expenses and other operating expenses to support the Group’s business expansion was offset by the decrease in financing cost on lower borrowings and the debt recovery from the

THB 27mn. However, the increase was partially offset by 5) a decrease in current portion of long-term loans of THB 77mn. Total non-current assets stood at THB 5,911mn, an increase of 10.0% or THB 539mn

amounted to around Bt800mn in 1H18. Cost of service (Bt36,483mn) increased 11% YoY due to payment of partnership with TOT and higher D&A, offset by lower regulatory fee. Excluding payment to TOT, network

mainly relates to no share of loss from Lijiang Banyan Tree Hotel Co., Ltd. (the investment was sold in July 2017), partially offset by loss from Banyan Tree China Pte. Ltd. (the company started to take

and equipment from MACO’s subsidiary of THB 50mn, 2) an increase in long-term loans to associated company of THB 51mn. However, the increase was partially offset by a decrease in 3) advance payments to

6,640 million, increased by Baht 649 million or 10.8% from September 30, 2018, due to increase in retained earnings as a result of additional net profit partly offset by dividend payment. Sincerely yours

allowance for sales staff, offset however by a decrease of Baht 6.40 million in advertisement media and advertisement materials. 4. Administrative expenses Administrative expenses amounted to Baht 35.21