) higher finance costs due to investments in machinery, and joint ventures in Thailand and overseas; and 4) non-cash, one-time expenses recognized from selling unused old machines.  Thai Financial Reporting

several financial institutions. GFPT Group has adopted the new financial reporting standards which are effective in 2020 by the Federation of Accounting Professions that have been adopted for the first-time

financial reporting standards. Yet - Translation - Page 4 of 6 the impairment loss of assets is a non-cash item therefore there is no impact on the Company’s cashflow management. Also, the transaction is not

2020. The standard affecting the group's operations is IFRS 9 Financial Instruments in which influenced the financial business as well as Thai Financial Reporting Standard 16 Leases that affect the

attached to audit firms which have audit quality control system in accordance with the prescribed standards so as to raise credibility of financial reporting of businesses in the capital market in accordance

2019, AIS adopted Thai Financial Reporting Standards (TFRS) 15 regarding revenue from contracts with customers. The standard affects accounting of handset campaigns with price plan contract. This

adopted Thai Financial Reporting Standards (TFRS) 15, Revenue from Contracts with Customers. The standard affects the accounting of handset campaigns which are contracted with price plans. Prior to 2019

from the recognition of interest expenses from the adoption of Thai Financial Reporting Standards 16 Leases (TFRS 16). The Company has no interest-bearing debt. Unit: THB Million Net Profit Net Profit

Owners of the Parent was Baht 1,792.7 million, a 4.5% increase from 2018. Significant Events in 2019:  From 1 January 2019, the new Thai Financial Reporting Standard in relation to revenue recognition

:  From 1 January 2019, the new Thai Financial Reporting Standard in relation to revenue recognition (TFRS 15) has been applied to GHECO-One which resulted Gheco-One to levelize the AP over the contract