nine-month period of 2015 due to usage of construction costs based on the progress of work. 4. Profit from disposal of immovable property 4.1 Profit from disposal of land held for development For the

acquisition Baht 175 million and the increase in deferred tax Baht 118 million while advance for construction work decreased by Baht 317 million, land and construction in progress and project development cost

% from previous year as the revenue recognition on progress measurement method towards complete satisfaction of the performance obligation on construction service contract that has continuously awarded

advertising services in four locations at a rate of THB 27,000,000 for the entire agreement term. On the agreement date, the Company paid all of the service fee in advance. However, on 14 February 2018 and 4

million Baht mainly from progress of construction including clarified water & total water solution projects, Bangpakong pump system upgrade project and Tubma Reservoir project; after depreciation and

shareholder. - Property, plant and equipment were 14,547.08 million Baht, increased by 164.85 million Baht mainly from construction in progress including clarified water & total water solution projects

Baht 194.27 million or 6.19 percent, due to increase in fixed assets of Baht 111.62 million, increase in inventory of Baht 93.38 million, increase in cash advance payment for purchase of assets of Baht

' development progress not achieve the Company's target. Management Discussion and Analysis For the Three-month and Nine-month Periods Ended 30 September, 2017 Page 2 2. Operation performance according to

Year Ended December 31, 2017 Page 1 (Translation) 1. Significant events of the year 2017 1.1 The Progress of Projects 1.1.1 Collinsville Solar Power Project in Australia ("The Project") On May 5, 2017

accounts receivable of Baht 72.80 million, increase in other current assets and other non-current assets of Baht 3.56 million, increase in cash advance payment for - 7 - purchase of assets of Baht 8.73